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January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief EconomistAgricultural Marketing Service Farm Service AgencyEconomic Research Service Foreign Agricultural Service WASDE -587 Approved by the World Agricultural Outlook Board April 9, 2019 WH EAT: The outlook for 2018/19 U.S. wheat this month is for unchanged supplies but reduced exports and domestic use. The NASS Grain Stocks report, issued March 29, implied less feed and residual use for both the second and third quarters. Total 2018/19 feed and residual use is lowered 10 million bushels to 70 million. Wheat exports are lowered 20 million bushels to 945 million on a continued sluggish export pace. By class, Hard Red Winter exports are raised 10 million bushels, which is offset by reductions of 15 million for Hard Red Spring, 10 million for White, and 5 million for Durum. These demand changes, as well as a small reduc tion in seed use, led to a 31.5 -million -bushel -increase in ending stocks, which are now projected at 1,087 million bushels. The season -average farm price is raised $0.05 per bushel at the midpoint to $5.20 based on updated NASS price and marketing data. World 2018/19 wheat supplies are raised 2.1 million tons due mainly to increased beginning stocks that largely reflect multi -year revisions for Iran. Global production and exports are each reduced fractionally, but domestic consumption is lowered 2.9 million tons. The consumption change stems primarily from lower Iran and EU feed and residual use; Iran is lowered on the series re vision and the EU reduction is based on more competitive corn prices and increased coarse grain disappearance. With supplies increasing and total use declining, global ending stocks are raised 5.1 million tons to 275.6 million. COARSE GRAINS: This month’s 2018/19 U.S. corn outlook is for lower feed and residual use, reductions in corn used for ethanol and exports, and larger stocks. Feed and residual use is lowered 75 million bushels to 5.300 billion based on corn stocks reported as of March 1, which indicated disappearance during the December -February quarter declined about 9 percent relative to a year ago. Corn used to produce ethanol is lowered 50 million bushels to 5.500 billion based on the most recent data from the Grain Crushings and Co- Product s Production report, and the pace of weekly ethanol production during March as indicated by Energy Information Administration data. Exports are reduced 75 million bushels to 2.300 billion, reflecting current outstanding sales and expectations of increased competition from Brazil, Argentina, and Ukraine. With supply unchanged and use declining, ending stocks are raised 200 million bushels to 2.035 billion. The season -average corn price received by producers is unchanged at a midpoint of $3.55 per bushel. The global coarse grain production forecast for 2018/19 is up 5.3 million tons to 1,377.2 million. This month’s foreign coarse grain outlook is for larger production, increased trade, greater use, and marginally higher stocks relative to last month. Brazil corn production is raised, reflecting improved yield prospects for second- crop corn. Argentina corn is higher based on expectations of larger area. Corn production is raised for the EU, Mexico, and Indonesia, with reductions for the Philippines and P akistan. WASDE- 587-2 Major global trade changes for 2018/19 include higher projected corn exports for Brazil, Argentina, the EU, and Ukraine with a partially offsetting reduction for the United States. Corn imports are raised for the EU and South Africa, with lower projections for Vietnam and Bangladesh. Foreign corn ending stocks for 2018/19 are raised from last month, mostly reflecting increases for Mexico, Indonesia and South Africa that more than offset declines for Vietnam, Brazil, Pakistan, Bangladesh, and Argentina. RICE: The outlook for 2018/19 U.S. rice this month is for reduced exports, unchanged domestic and residual use, and higher ending stocks. All rice exports are lowered 4.0 million cwt to 94.0 million. Long- grain exports are reduced by 1.0 million cwt to 67.0 million on lower - than- expected milled exports. Medium - and short -grain exports are decreased by 3.0 million cwt to 27.0 million on a slow sales pace to several export markets. T otal domestic and residual use is unchange d at 135.0 million cwt. Long- grain use is raised 1 million cwt but this increase is completely offset by an equivalent reduction in medium - and short -grain. These revisions are based on the latest NASS Rice Stocks report. Projected all rice ending stocks are raised 4 million cwt to 53.6 million. This is 82 percent higher than last year and would be the first time stocks have reached 50 million cwt since 1986/87. The projected 2018/19 all rice season -average farm price is reduced by $0.10 per cwt at the midpoint to $12.10 with the range narrowed to $11.80 to $12.40. All of the reduction is due to a decrease in the projected California medium - and short -grain price. Global 2018/19 rice supplies are decreased by 0.4 million tons to 663.8 million with lower carryin stocks and production. Global production is down as reductions for Indonesia, Pakistan, and the Philippines are not completely offset by higher production for Sri Lanka. World 2018/19 consumption is raised 0.4 million tons to 492.4 million on higher expected use in Pakistan and Sri Lanka more than offsetting reduced use in Laos and Mexico. Global 2018/19 trade is lowered marginally to 47.3 million tons as reduced exports by Pakistan, the EU, and the United States are not completely offset by higher exports from Cambodia, Peru, and Uruguay. Projected world ending stocks are adjusted lower this month to 171.4 million tons but remain record large. OILSEEDS : U.S. soybean supply and use changes for 2018/19 include lower imports, higher seed use, and lower ending stocks. Soybean imports are reduced in line with reported trade through January while lower seed use reflects plantings indicated in the March 29 Prospective Plantings report. With soybean crush and exports unchanged, ending stocks are projected at 895 million bushels, down 5 million. Soybean oil changes include increased imports and domestic disappearance for biodiesel and for food use, and lower ending stocks. The season -average soybean price is forecast at $8.35 to $8.85, unchanged at the midpoint. Soybean oil price is projected at 28.0 to 30.0 cents per pound, down 1 cent at the midpoint. Soybean meal prices are projected at $305 to $325 per short ton, unchanged at the midpoint. The 2018/19 global oilseed supply and demand forecasts include increased production, lower exports, and increased stocks compared to last month. Global oilseed production is raised 2.0 million tons to 595.0 million main ly on higher soybean production for Brazil and rapeseed production for India. Production for Brazil is increased 0.5 million tons to 117.0 million, reflecting favorable weather in Rio Grande do Sul where the crop is in pod- filling and maturation stages. Brazil ’s 2017/18 soybean crop is also revised higher, supported by recent industry estimates. Rapeseed production for India is raised 1.4 million tons to 8 million on information from India’ s Solvent Extractors ’ Association. WASDE- 587-3 Global oilseed exports are r educed 1.0 million tons to 177.1 million mainly on lower rapeseed trade between Canada and China. With lower rapeseed crush for China, imports are increased for other products, including sunflowerseed meal, rapeseed meal, palm oil, and soybean oil. Global oilseed ending stocks are raised 1.5 million tons to 123.2 million, largely due to higher soybean stocks for Brazil and rapeseed stocks for Canada. SUGAR : U.S. sugar supply for 2018/19 is decreased 42,457 short tons, raw value (STRV) based on processor -reported reductions to beet sugar production and cane sugar production in Florida. Ending stocks for 2018/19 are projected at 1.625 million STRV, implying a stocks -to- use ratio of 13.2 percent. There are no changes to the 2018/19 Mexico sugar supply and use. LIVESTOCK, POULTRY , AND DAIRY : The 2019 forecast for total red meat and poultry production is lowered from last month on lower expected beef, pork and broiler production. The beef production forecast is reduced from the previous month primarily on lower carcass weights, but higher total cattle slaughter for 2019 is expected to partially offset declines in carcass weights. Pork production is lowered on a slower pace of slaughter throughout the year, but this decline is partially offset by slightly higher hog weights. USDA’s March Quarterly Hogs and Pigs report estimated producers farrowed 2 percent more sows during December - February and indicated thei r intentions to farrow about 1 percent more sows in March -May. These hogs will be ready for slaugh ter in the second half of 2019. Broiler production is reduced on recent hatchery data and slowing weight growth while turkey production is raised slightly. The 2019 egg production forecast is raised from the previous month as the pace of expansion has been more rapid than previously expected. For 2019, beef trade forecasts are unchanged from last month. Pork imports remain unchanged from the previous month, but the export forecast is raised on expectation s of strong er global demand for U.S. pork products in the second half of the year. These forecasts assume that current trade policies remain in place. No change is made to broiler and turkey export forecasts. The 2019 cattle price forecast is adjusted to reflect a slightly lower first -quarter price. The hog price forecast is raised from last month but demand in coming quarters is not expected to be as strong as in March and early April. The broiler price forecast is reduced, reflecting a lower first-quarter price, while modest year -over-year gains in turkey prices support a higher price forecast. The egg price forecast is lowered on recent price declines and increased production throughout the year. The milk production forecast for 2019 is lowered from last month as higher milk cow numbers are more than offset by lower expected growth in milk per cow for the year. The 2019 fat basis import forecast is unchanged from last month, but the export forecast is lowered on slower expected shipments of butterfat products and whey products . On a skim -solids basis, the current import forecast is raised on higher im ports of milk protein products and a number of other dairy products. The skim -solids basis export forecast is lowered from last month on lower shipments of whey products, lactose, and nonfat dry milk (NDM). The annual product price forecast for cheese is raised from last month on higher current prices and expected stronger demand. Butter, NDM, and whey prices are reduced from the previous month on current pric es and expected weaker demand. The Class III price is raised on the WASDE- 587-4 higher cheese price forecast while the Class IV price is reduced on lower NDM and butter price forecasts. The all milk price forecast is raised to $17.25 to $17.75 per cwt. COTTON :The 2018/19 U.S. cotton supply and demand forecasts show lower consumption and higher ending stocks relative to last month. At 3.1 million bales, U.S. cotton consumption is now forecast to reach its lowest level since the 1890s. Ending stocks are now forecas t at 4.4 million bales, a 100,000- bale increase from both the previous 2018/19 estimate and from the current estimate for 2017/18. The season -average farm price is unchanged with a mid - point of 70 cents per pound. Lower world consumption this month results in higher projected 2018/19 ending stocks, with little net change in the other components of the global balance sheet. World mill use is forecast about 400,000 bales lower this month. A 300,000- bale decline in Turkey —and smaller declines in the United States and Vietnam —more than offset smaller increases elsewhere. Lower imports for India, Turkey, and Vietnam are largely offset by an upward revision for China. Lower exports for India and Burkina Faso are largely offset by Australia and Turkey. Higher production for China is largely offset by a decline for Burkina Faso. World ending stocks in 2018/19 are forecast about 360,000 bales higher this month, with an increase in China’s stocks more than offsetting a decline in stocks outside of China. Approved by the Secretary of Agriculture and t he Chairman of the World Agricultural Outlook Board, Seth D. Meyer , (202) 720- 6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: ROBERT JOHANSSON SECRETARY OF AGRICULTURE DESIGNATE WASDE- 587-5 Announcement: Upcoming Changes to the May 2019 World Agricultural Supply and Demand Estimates Report Starting with the May issue, the following changes will be made to the World Agricultural Supply and Demand Estimates Report (WASDE) : • Price range forecasts will be eliminated in favor of single price points for all crops and livestock • The international Supply and Use tables for crops will include an aggregate value for “World less China,” representing the balance sheet values outside of China. • The ordering of countries and lists of Major Importers/Exporters will be updated to eliminate outdated aggregations (such as “Former Soviet Union”), and better reflect current trade p atterns. A detailed list of changes , including the tables that will be modified, and a template for the May 2019 tables can be found here https://www.usda.gov/oce/commodity/wasde/ WASDE- 587-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board review s and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers, ICEC Chair, WAOB, E- mail: [email protected] Jennifer Bond, ERS; Andrew Sowell, FAS; Pete Riley, FPAC. Rice: William Chambers, ICEC Chair, WAOB, E-mail: wchambers @oce.usda.gov Nathan Childs, ERS; Rachel Trego, FAS; Vidalina Abadam , FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, E-mail: [email protected] Tom Capehart, ERS; Yoonhee Macke, FAS; Erik Dohlman, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, E- mail: [email protected] Mark Ash, ERS; Bill George, FAS; Susan Proper, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, E- mail: [email protected] Leslie Meyer, ERS; James Johnson, FAS; Sherrie Grimm , FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, E-mail: [email protected] Michael McConnell, ERS; Ron Lord, FAS; Barbara Fecso, FPAC.Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Lindsay Kuberka, FAS; Ryan Pfirrmann -Powell, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Sherry Wise, AMS; Kim Ha, ERS; Claire Mezoughem, FAS; Milton Madison, FPAC.Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Carolyn Liebrand, AMS; Jerry Cess na, ERS; Paul Kiendl, FAS; Milton Madison, FPAC. In 2019, the WASDE report will be released on May 10, Jun 11, July 11, Aug 12, Sep 12, Oct 10, Nov 8, and Dec 10. WASDE- 587-7 T A B L E OF C O N T E N T S Page Highlights ..................................................................................................................... 1 Interagency Commodity Estimates Committees ........................................................ 6 World & U.S. Supply & Use for Grains ....................................................................... 8 World & U.S. Supply & Use for Cotton ....................................................................... 9 World & U.S. Supply & Use for Oilseeds ................................................................. 10 U.S. Wheat Supply & Use ......................................................................................... 11 U.S. Wheat Supply & Use by Class ......................................................................... 11 U.S. Feed Grain & Corn Supply & Use .................................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................... 13 U.S. Rice Supply & Use ............................................................................................ 14 U.S. Soybeans & Products Supply & Use ................................................................ 15 U.S. Sugar Supply & Use .......................................................................................... 16 Mexico Sugar Supply and Use ................................................................................. 16 U.S. Cotton Supply & Use ......................................................................................... 17 World Wheat Supply & Use ...................................................................................... 18 World Coarse Grains Supply & Use ......................................................................... 20 World Corn Supply & Use ......................................................................................... 22 World Rice Supply & Use .......................................................................................... 24 World Cotton Supply & Use ...................................................................................... 26 World Soybean Supply & Use .................................................................................. 28 World Soybean Meal Supply & Use ......................................................................... 29 World Soybean Oil Supply & Use ............................................................................. 30 U.S. Quarterly Animal Product Production ............................................................... 31 U.S. Quarterly Prices for Animal Products ............................................................... 31 U.S. Meats Supply and Use ...................................................................................... 32 U.S. Egg Supply & Use ............................................................................................. 33 U.S. Milk Supply and Use ......................................................................................... 33 U.S. Dairy Prices ....................................................................................................... 34 Reliability Tables ....................................................................................................... 35 Related USDA Reports ............................................................................................. 38 Metric Conversion Factors ........................................................................................ 38 Electronic Access and Subscriptions ........................................................................ 40 April 2019 WASDE - 587 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2016/17 2662.03 3399.21 429.24 2601.99 797.22 2017/18 (Est.) 2616.13 3413.35 412.81 2598.96 814.39 fille r fille r fille r fille r fille r 2018/19 (Proj.) Mar 2606.46 3419.09 425.07 2640.14 778.95 2018/19 (Proj.) Apr 2611.42 3425.81 426.07 2637.55 788.26 fille r fille r fille r fille r fille r Wheat 2016/17 756.40 1001.40 183.36 739.09 262.31 2017/18 (Est.) 763.19 1025.50 181.22 743.61 281.89 fille r fille r fille r fille r fille r 2018/19 (Proj.) Mar 733.00 1012.62 178.91 742.09 270.53 2018/19 (Proj.) Apr 732.87 1014.76 178.46 739.15 275.61 fille r fille r fille r fille r fille r Coarse Grains 5/ 2016/17 1414.69 1764.23 198.63 1379.20 385.02 2017/18 (Est.) 1357.45 1742.47 184.45 1372.34 370.13 fille r fille r fille r fille r fille r 2018/19 (Proj.) Mar 1371.89 1742.31 198.80 1406.08 336.23 2018/19 (Proj.) Apr 1377.16 1747.29 200.33 1406.01 341.29 fille r fille r fille r fille r fille r Rice, milled 2016/17 490.95 633.59 47.25 483.69 149.89 2017/18 (Est.) 495.49 645.38 47.13 483.01 162.37 fille r fille r fille r fille r fille r 2018/19 (Proj.) Mar 501.57 664.16 47.37 491.97 172.19 2018/19 (Proj.) Apr 501.39 663.76 47.29 492.39 171.37 fille r fille r fille r fille r fille r United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2016/17 472.56 556.08 96.71 363.61 95.76 2017/18 (Est.) 437.43 541.26 94.58 357.92 88.76 fille r fille r fille r fille r fille r 2018/19 (Proj.) Mar 438.33 534.95 92.00 361.87 81.08 2018/19 (Proj.) Apr 438.33 535.02 89.43 358.58 87.02 fille r fille r fille r fille r fille r Wheat 2016/17 62.83 92.60 28.60 31.86 32.13 2017/18 (Est.) 47.38 83.80 24.52 29.36 29.91 fille r fille r fille r fille r fille r 2018/19 (Proj.) Mar 51.29 85.14 26.26 30.16 28.72 2018/19 (Proj.) Apr 51.29 85.14 25.72 29.84 29.58 fille r fille r fille r fille r fille r Coarse Grains 5/ 2016/17 402.61 454.15 64.46 327.52 62.17 2017/18 (Est.) 384.39 449.49 67.30 324.28 57.92 fille r fille r fille r fille r fille r 2018/19 (Proj.) Mar 379.92 440.84 62.63 327.43 50.78 2018/19 (Proj.) Apr 379.92 440.91 60.73 324.45 55.74 fille r fille r fille r fille r fille r Rice, milled 2016/17 7.12 9.34 3.65 4.23 1.46 2017/18 (Est.) 5.66 7.98 2.76 4.28 0.93 fille r fille r fille r fille r fille r 2018/19 (Proj.) Mar 7.12 8.97 3.11 4.29 1.58 2018/19 (Proj.) Apr 7.12 8.97 2.99 4.29 1.70 fille r fille r fille r fille r fille r 1/ Aggregate of local marketing years. 2/ Based on ex port estimate. See individual commodity tables for treatment of ex port/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (ex cludes ex ports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mix ed grains (for U.S. ex cludes millet and mixed grains). April 2019 WASDE - 587 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2016/17 2,189.48 2,843.13 332.53 2,238.37 701.46 2017/18 (Est.) 2,178.70 2,872.09 318.23 2,241.04 725.63 fille r fille r fille r fille r fille r 2018/19 (Proj.) Mar 2,168.14 2,884.14 333.07 2,278.27 697.87 2018/19 (Proj.) Apr 2,173.09 2,890.78 336.64 2,278.97 701.24 fille r fille r fille r fille r fille r Wheat 2016/17 693.57 908.80 154.76 707.23 230.17 2017/18 (Est.) 715.81 941.70 156.70 714.25 251.98 fille r fille r fille r fille r fille r 2018/19 (Proj.) Mar 681.72 927.48 152.65 711.94 241.80 2018/19 (Proj.) Apr 681.58 929.62 152.74 709.31 246.03 fille r fille r fille r fille r fille r Coarse Grains 5/ 2016/17 1,012.08 1,310.08 134.17 1,051.68 322.86 2017/18 (Est.) 973.06 1,292.98 117.16 1,048.06 312.21 fille r fille r fille r fille r fille r 2018/19 (Proj.) Mar 991.97 1,301.47 136.17 1,078.65 285.45 2018/19 (Proj.) Apr 997.24 1,306.38 139.60 1,081.55 285.55 fille r fille r fille r fille r fille r Rice, milled 2016/17 483.83 624.25 43.61 479.46 148.43 2017/18 (Est.) 489.83 637.41 44.37 478.73 161.44 fille r fille r fille r fille r fille r 2018/19 (Proj.) Mar 494.45 655.19 44.25 487.69 170.62 2018/19 (Proj.) Apr 494.27 654.79 44.31 488.11 169.66 fille r fille r fille r fille r fille r 1/ Aggregate of local marketing years. 2/ Based on ex port estimate. See individual commodity tables for treatment of ex port/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mix ed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2016/17 106.66 197.00 37.91 116.18 80.40 2017/18 (Est.) 123.76 204.16 40.92 122.76 81.05 fille r fille r fille r fille r fille r 2018/19 (Proj.) Mar 118.89 200.04 42.18 123.59 76.09 2018/19 (Proj.) Apr 118.93 199.98 42.09 123.18 76.44 fille r fille r fille r fille r fille r United States 2016/17 17.17 20.98 14.92 3.25 2.75 2017/18 (Est.) 20.92 23.68 15.85 3.23 4.30 fille r fille r fille r fille r fille r 2018/19 (Proj.) Mar 18.39 22.70 15.00 3.20 4.30 2018/19 (Proj.) Apr 18.39 22.70 15.00 3.10 4.40 fille r fille r fille r fille r fille r Foreign 4/ 2016/17 89.49 176.02 22.99 112.93 77.65 2017/18 (Est.) 102.84 180.49 25.07 119.53 76.75 fille r fille r fille r fille r fille r 2018/19 (Proj.) Mar 100.50 177.34 27.18 120.39 71.79 2018/19 (Proj.) Apr 100.54 177.28 27.09 120.08 72.04 fille r fille r fille r fille r fille r 1/ Marketing year beginning August 1. 2/ Based on ex port estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of ex port/import imbalances. April 2019 WASDE - 587 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2016/17 572.85 666.83 170.55 467.29 109.49 2017/18 (Est.) 578.03 687.52 176.16 483.86 115.37 fille r fille r fille r fille r fille r 2018/19 (Proj.) Mar 593.03 707.80 178.16 494.84 121.71 2018/19 (Proj.) Apr 594.99 710.36 177.12 495.05 123.23 fille r fille r fille r fille r fille r Oilmeals 2016/17 319.79 337.02 88.13 316.83 16.81 2017/18 (Est.) 331.18 347.99 87.99 328.56 16.21 fille r fille r fille r fille r fille r 2018/19 (Proj.) Mar 337.86 353.59 91.54 334.76 15.33 2018/19 (Proj.) Apr 337.92 354.13 92.35 334.93 15.32 fille r fille r fille r fille r fille r Vegetable Oils 2016/17 188.33 209.67 81.23 183.43 20.35 2017/18 (Est.) 198.24 218.59 79.50 192.13 21.55 fille r fille r fille r fille r fille r 2018/19 (Proj.) Mar 203.93 224.83 84.67 198.66 21.05 2018/19 (Proj.) Apr 203.94 225.49 84.67 200.25 20.56 fille r fille r fille r fille r fille r United States O ut pu Tot a l Suppl y Tr a d Tot a Us e / Endi n St ock Oilseeds 2016/17 126.94 135.31 60.08 56.26 9.60 2017/18 (Est.) 131.48 142.50 59.19 60.17 13.83 fille r fille r fille r fille r fille r 2018/19 (Proj.) Mar 134.00 149.07 52.26 61.53 26.20 2018/19 (Proj.) Apr 134.00 148.92 52.26 61.38 26.06 fille r fille r fille r fille r fille r Oilmeals 2016/17 43.11 47.31 10.83 36.08 0.41 2017/18 (Est.) 47.02 51.17 13.04 37.57 0.56 fille r fille r fille r fille r fille r 2018/19 (Proj.) Mar 47.07 51.51 12.83 38.21 0.47 2018/19 ( Proj.) Apr 46.97 51.36 12.78 38.12 0.46 fille r fille r fille r fille r fille r Vegetable Oils 2016/17 11.43 17.37 1.42 14.72 1.23 2017/18 (Est.) 12.11 18.12 1.35 15.54 1.24 fille r fille r fille r fille r fille r 2018/19 (Proj.) Mar 12.54 18.60 1.28 15.98 1.33 2018/19 (Proj.) Apr 12.46 18.47 1.27 15.95 1.25 fille r fille r fille r fille r fille r Foreign 3/ O ut put Tot a l Suppl y Tr a de Tot a l Us e 2 / Endi ng St ocks Oilseeds 2016/17 445.91 531.51 110.47 411.03 99.89 2017/18 (Est.) 446.55 545.02 116.97 423.69 101.54 fille r fille r fille r fille r fille r 2018/19 (Proj.) Mar 459.03 558.73 125.90 433.32 95.51 2018/19 (Proj.) Apr 460.99 561.44 124.86 433.67 97.18 fille r fille r fille r fille r fille r Oilmeals 2016/17 276.68 289.71 77.31 280.76 16.40 2017/18 (Est.) 284.16 296.82 74.95 290.99 15.65 fille r fille r fille r fille r fille r 2018/19 (Proj.) Mar 290.79 302.08 78.71 296.55 14.86 2018/19 (Proj.) Apr 290.95 302.76 79.58 296.81 14.85 fille r fille r fille r fille r fille r Vegetable Oils 2016/17 176.90 192.30 79.82 168.71 19.11 2017/18 (Est.) 186.13 200.46 78.15 176.59 20.32 fille r fille r fille r fille r fille r 2018/19 (Proj.) Mar 191.40 206.23 83.39 182.68 19.71 2018/19 (Proj.) Apr 191.48 207.03 83.40 184.30 19.32 fille r fille r fille r fille r fille r 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. April 2019 WASDE - 587 - 11 U.S. Wheat Supply and Use 1/ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Mar Apr Million Acres Area Planted 50.1 46.1 47.8 47.8 Area Harvested 43.8 37.6 39.6 39.6 Bushels Yield per Harvested Acre 52.7 46.4 47.6 47.6 Million Bushels Beginning Stocks 976 1,181 1,099 1,099 Production 2,309 1,741 1,884 1,884 Imports 118 157 145 145 Supply, Total 3,402 3,079 3,128 3,128 Food 949 964 965 965 Seed 61 63 63 62 Feed and Residual 160 51 80 70 Domestic, Total 1,171 1,079 1,108 1,097 Ex ports 1,051 901 965 945 Use, Total 2,222 1,980 2,073 2,042 Ending Stocks 1,181 1,099 1,055 1,087 Avg. Farm Price ($/bu) 2/ 3.89 4.72 5.10 - 5.20 5.15 - 5.25 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2017/18 (Est.) Beginning Stocks 589 235 215 105 36 1,181 Production 750 384 293 259 55 1,741 Supply, Total 3/ 1,346 707 513 371 142 3,079 Domestic Use 394 288 217 91 90 1,079 Ex ports 371 228 91 193 18 901 Use, Total 765 516 308 284 107 1,980 Ending Stocks, Total 581 191 205 87 35 1,099 2018/19 (Proj.) Beginning Stocks 581 191 205 87 35 1,099 Production 662 587 286 272 77 1,884 Supply, Total 3/ 1,249 850 497 365 167 3,128 Domestic Use 429 286 199 96 87 1,097 Ex ports 330 260 130 200 25 945 Use, Total 759 546 329 296 112 2,042 Ending Stocks, Total Apr 490 305 168 69 55 1,087 Ending Stocks, Total Mar 495 289 163 59 49 1,055 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. April 2019 WASDE - 587 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Mar Apr Million Acres Area Planted 106.6 100.9 100.1 100.1 Area Harvested 96.5 90.5 89.6 89.6 Metric Tons Yield per Harvested Acre 4.17 4.24 4.24 4.24 Million Metric Tons Beginning Stocks 48.1 62.1 57.9 57.9 Production 402.3 384.1 379.7 379.7 Imports 3.3 2.7 2.7 2.7 Supply, Total 453.6 449.0 440.4 440.4 Feed and Residual 144.6 138.5 141.6 139.9 Food, Seed & Industrial 182.4 185.3 185.4 184.0 Domestic, Total 327.0 323.8 327.0 323.9 Ex ports 64.5 67.3 62.6 60.7 Use, Total 391.5 391.1 389.6 384.6 Ending Stocks 62.1 57.9 50.8 55.7 CORN 2016/ 17 2017/ 18 E st. 2018/ 19 P r oj . 2018/ 19 P r oj M arch Ap r i l Million Acres Area Planted 94.0 90.2 89.1 89.1 Area Harvested 86.7 82.7 81.7 81.7 Bushels Yield per Harvested Acre 174.6 176.6 176.4 176.4 Million Bushels Beginning Stocks 1,737 2,293 2,140 2,140 Production 15,148 14,609 14,420 14,420 Imports 57 36 40 40 Supply, Total 16,942 16,939 16,600 16,600 Feed and Residual 5,470 5,304 5,375 5,300 Food, Seed & Industrial 2/ 6,885 7,056 7,015 6,965 Ethanol & by -products 3/ 5,432 5,605 5,550 5,500 Domestic, Total 12,355 12,360 12,390 12,265 Ex ports 2,294 2,438 2,375 2,300 Use, Total 14,649 14,799 14,765 14,565 Ending Stocks 2,293 2,140 1,835 2,035 Avg. Farm Price ($/bu) 4/ 3.36 3.36 3.35 - 3.75 3.40 - 3.70 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data -products/feed -grains -database.aspx . 3/ Corn processed in ethanol plants to produce ethanol and by -products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing - year weighted average pric e received by farmers. April 2019 WASDE - 587 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ S ORGHUM 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Mar Apr Million Bushels F ille r F ille r F ille r F ille r F ille r Area Planted (mil. acres) 6.7 5.6 5.7 5.7 Area Harvested (mil. acres) 6.2 5.0 5.1 5.1 Yield (bushels/acre) 77.9 71.7 72.1 72.1 Beginning Stocks 37 33 35 35 Production 480 362 365 365 Imports 2 2 0 0 Supply, Total 519 397 400 400 Feed and Residual 133 97 145 155 Food, Seed & Industrial 115 60 105 100 Total Domestic 247 157 250 255 Ex ports 238 205 85 85 Use, Total 485 362 335 340 Ending Stocks 33 35 65 60 Avg. Farm Price ($/bu) 2/ 2.79 3.22 3.10 - 3.50 3.05 - 3.35 F ille r F ille r F ille r F ille r F ille r BARLEY 2016/ 17 2017/ 18 Es t . 2018/ 19 P r oj . 2018/ 19 P r oj M arch Ap r i l F ille r F ille r F ille r F ille r F ille r Area Planted (mil. acres) 3.1 2.5 2.5 2.5 Area Harvested (mil. acres) 2.6 2.0 2.0 2.0 Yield (bushels/acre) 77.9 73.0 77.4 77.4 Beginning Stocks 102 106 94 94 Production 200 143 153 153 Imports 10 9 8 8 Supply, Total 312 259 256 256 Feed and Residual 39 2 5 5 Food, Seed & Industrial 162 157 155 155 Total Domestic 201 159 160 160 Ex ports 4 5 5 5 Use, Total 205 164 165 165 Ending Stocks 106 94 91 91 Avg. Farm Price ($/bu) 2/ 4.96 4.47 4.35 - 4.85 4.40 - 4.80 F ille r F ille r F ille r F ille r F ille r OATS 2016/ 17 2017/ 18 Es t . 2018/ 19 P r oj . 2018/ 19 P r oj M arch Ap r i l F ille r F ille r F ille r F ille r F ille r Area Planted (mil. acres) 2.8 2.6 2.7 2.7 Area Harvested (mil. acres) 1.0 0.8 0.9 0.9 Yield (bushels/acre) 66.0 61.7 64.9 64.9 Beginning Stocks 57 50 41 41 Production 65 50 56 56 Imports 90 89 90 90 Supply, Total 212 189 187 187 Feed and Residual 82 68 70 70 Food, Seed & Industrial 76 78 79 79 Total Domestic 158 146 149 149 Ex ports 3 2 2 2 Use, Total 161 148 151 151 Ending Stocks 50 41 36 36 Avg. Farm Price ($/bu) 2/ 2.06 2.59 2.55 - 2.75 2.60 - 2.70 F ille r F ille r F ille r F ille r F ille r Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. April 2019 WASDE - 587 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Mar Apr Million Acres Area Planted 3.15 2.46 2.95 2.95 Area Harvested 3.10 2.37 2.92 2.92 F ille r Pounds Yield per Harvested Acre 7,237 7,507 7,692 7,692 Million Hundredweight Beginning Stocks 2/ 46.5 46.0 29.4 29.4 Production 224.1 178.2 224.2 224.2 Imports 23.5 26.9 29.0 29.0 Supply, Total 294.1 251.2 282.6 282.6 Domestic & Residual 3/ 133.2 134.8 135.0 135.0 Ex ports, Total 4/ 114.8 87.0 98.0 94.0 Rough 40.4 28.6 33.0 33.0 Milled (rough equiv.) 74.4 58.4 65.0 61.0 Use, Total 248.0 221.8 233.0 229.0 Ending Stocks 46.0 29.4 49.6 53.6 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 10.40 12.90 11.70 - 12.70 11.80 - 12.40 Tot a l LONG -GRAIN RICE 2016/ 17 2017/ 18 Es t . 2018/ 19 P r oj . 2018/ 19 P r oj M arch Ap r i l Harvested Acres (mil.) 2.40 1.75 2.18 2.18 Y ield (pounds/acre) 6,927 7,314 7,517 7,517 Beginning Stocks 22.7 31.0 20.3 20.3 Production 166.5 127.9 164.0 164.0 Supply, Total 7/ 209.4 182.2 207.8 207.8 Domestic & Residual 3/ 101.8 98.6 105.0 106.0 Ex ports 8/ 76.6 63.3 68.0 67.0 Use, Total 178.4 161.9 173.0 173.0 Ending Stocks 31.0 20.3 34.8 34.8 Avg. Farm Price ($/cwt) 6/ 9.61 11.50 10.40 - 11.20 10.60 - 11.00 F ille r F ille r F ille r F ille r F ille r MEDIU M & S HORT -GRAIN RICE 2016/ 17 2017/ 18 Es t . 2018/ 19 P r oj . 2018/ 19 P r oj M arch Ap r i l Harvested Acres (mil.) 0.69 0.63 0.73 0.73 Y ield (pounds/acre) 8,311 8,048 8,209 8,209 Beginning Stocks 20.9 11.5 7.6 7.6 Production 57.7 50.4 60.3 60.3 Supply, Total 7/ 81.1 67.5 73.4 73.4 Domestic & Residual 3/ 31.4 36.2 30.0 29.0 Ex ports 8/ 38.2 23.7 30.0 27.0 Use, Total 69.6 59.9 60.0 56.0 Ending Stocks 11.5 7.6 13.4 17.4 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 13.10 17.00 16.10 - 16.90 15.70 - 16.50 California 10/ 14.10 20.10 17.80 - 18.80 17.40 - 18.20 Other States 1/ 10.10 11.70 11.80 - 12.60 12.00 - 12.40 F ille r F ille r F ille r F ille r F ille r Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the f ollowing quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2015/16- 2.9; 2016/17- 3.5; 2017/ 18-1.4. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the dif f erence in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing- year weighted average price received by farm ers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain season -average- f arm price (SAFP) largely ref lects rice that is marketed through price pools in Calif ornia. The pool price is not f inal until all the rice in the pool is marketed f or the crop year. Theref ore, SAFP f orecasts based on the average of NASS monthly prices and the f inal price may differ. For example, the average difference between the preliminary California SAFP forecast and the final price has averaged $0.98 per cwt f rom 2014/15-2017/18, with a high of $3.50 per cwt in 2017/18 and a low of -$0.20 per cwt in 2015/16. 10/ Marketing year beginning October 1. April 2019 WASDE - 587 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Mar Apr F ille r F ille r F ille r F ille r F ille r Million Acres Area Planted 83.5 90.2 89.2 89.2 Area Harvested 82.7 89.5 88.1 88.1 F ille r Bushels Yield per Harvested Acre 51.9 49.3 51.6 51.6 Million Bushels Beginning Stocks 197 302 438 438 Production 4,296 4,412 4,544 4,544 Imports 22 22 20 17 Supply, Total 4,516 4,735 5,002 4,999 Crushings 1,901 2,055 2,100 2,100 Ex ports 2,166 2,129 1,875 1,875 Seed 105 104 96 98 Residual 42 9 31 31 Use, Total 4,214 4,297 4,102 4,104 Ending Stocks 302 438 900 895 Avg. Farm Price ($/bu) 2/ 9.47 9.33 8.10 - 9.10 8.35 - 8.85 Tot a l SOYBEAN OIL 2016/ 17 2017/ 18 Es t . 2018/ 19 P r oj . 2018/ 19 P r oj M arch Ap r i l F ille r F ille r F ille r F ille r F ille r Million Pounds Beginning Stocks 1,687 1,711 1,990 1,990 Production 4/ 22,123 23,767 24,570 24,570 Imports 319 335 300 400 Supply, Total 24,129 25,814 26,860 26,960 Domestic Disappearance 19,862 21,376 22,600 22,850 Biodiesel 3/ 6,200 7,134 8,200 8,350 Food, Feed & other Industrial 13,662 14,243 14,400 14,500 Ex ports 2,556 2,447 2,250 2,250 Use, Total 22,418 23,824 24,850 25,100 Ending stocks 1,711 1,990 2,010 1,860 Avg. Price (c/lb) 2/ 32.48 30.04 28.50 - 31.50 28.00 - 30.00 Tot a l SOYBEAN MEAL 2016/ 17 2017/ 18 Es t . 2018/ 19 P r oj . 2018/ 19 P r oj M arch Ap r i l F ille r 1 2 3 4 Thousand Short Tons Beginning Stocks 264 401 553 553 Production 4/ 44,787 49,216 49,147 49,097 Imports 350 495 450 500 Supply, Total 45,400 50,112 50,150 50,150 Domestic Disappearance 33,420 35,502 35,950 35,950 Ex ports 11,580 14,057 13,750 13,750 Use, Total 45,000 49,559 49,700 49,700 Ending Stocks 401 553 450 450 Avg. Price ($/s.t.) 2/ 316.88 345.02 295.00 - 335.00 305.00 - 325.00 Tot a l Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year cr ush of 2,079 million bushels for 2017/18 and 2,100 million bushels for 2018/19. April 2019 WASDE - 587 - 16 U.S. Sugar Supply and Use 1/ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Mar Apr F ille r F ille r F ille r F ille r F ille r 1,000 Short Tons, Raw Value Beginning Stocks 2,054 1,876 2,008 2,008 Production 2/ 8,969 9,293 9,103 9,060 Beet Sugar 5,103 5,279 5,004 4,997 Cane Sugar 3,866 4,014 4,099 4,063 Florida 2,055 1,983 2,078 2,043 Hawaii 43 0 0 0 Louisiana 1,628 1,862 1,875 1,875 Tex as 140 169 145 145 Imports 3,244 3,277 2,862 2,862 TRQ 3/ 1,611 1,663 1,560 1,560 Other Program 4/ 419 326 350 350 Other 5/ 1,213 1,287 952 952 Mex ico 1,201 1,223 897 897 Total Supply 14,267 14,445 13,973 13,930 Ex ports 95 170 35 35 Deliveries 12,258 12,185 12,270 12,270 Food 6/ 12,102 12,048 12,125 12,125 Other 7/ 156 137 145 145 Miscellaneous 38 82 0 0 Total Use 12,391 12,438 12,305 12,305 Ending Stocks 1,876 2,008 1,668 1,625 Stocks to Use Ratio 15.1 16.1 13.6 13.2 Tot a l 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2017/18 and 2018/19 are based on Crop Production and processor projections where appropriate. 3/ For 2017/18, WTO raw sugar TRQ shortfall (268) and for 2018/19 (99). 4/ Composed of sugar under the re - ex port and polyhydric alcohol programs. 5/ Imports from Mex ico; and high -tier tariff sugar and syrups not otherwise specified -- for 2017/18 (64) and 2018/19 (55). 6/ After 2014/15, SMD deliveries for domestic human food use and for miscellaneous uses reported sepa rately. 7/ Transfers accompanying deliveries for sugar -containing products to be ex ported (SCP) and polyhydric alcohol manufacture (POLY ), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE -reported deliveries: 2016/17 -- 389; estimated 2017/18 -- 278; projected 2018/19 -- 324. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Ex ports Ending Stocks Sugar 1,000 Metric Tons, Actual W eight 2017/18 Est. Mar 1,002 6,010 204 4,723 1,099 1,395 2017/18 Est. Apr 1,002 6,010 204 4,723 1,099 1,395 2018/19 Proj. Mar 1,395 6,152 70 5,095 1,102 1,420 2018/19 Proj. Apr 1,395 6,152 70 5,095 1,102 1,420 1/ HFCS consumption by Mex ico (1,000 metric tons, dry basis): Oct -Sep 2016/17 = 1,522; Estimated 2017/18 = 1,593; Oct-Feb 2018 = 627; Projected 2018/19 = 1,555; Oct -Feb 2019 = 588. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mex ico's products ex port program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2017/18 (482 est); 2018/19 (480). Other Deliveries/Ending Year Statistical Adjustments: 2017/18 (29), 2018/19 (13). April 2019 WASDE - 587 - 17 U.S. Cotton Supply and Use 1/ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Mar Apr F ille r F ille r F ille r F ille r F ille r Area Million Acres Planted 10.07 12.72 14.10 14.10 Harvested 9.51 11.10 10.53 10.53 F ille r Pounds Yield per Harvested Acre 867 905 838 838 Million 480 Pound Bales Beginning Stocks 3.80 2.75 4.30 4.30 Production 17.17 20.92 18.39 18.39 Imports 0.01 0.00 0.01 0.01 Supply, Total 20.98 23.68 22.70 22.70 Domestic Use 3.25 3.23 3.20 3.10 Ex ports, Total 14.92 15.85 15.00 15.00 Use, Total 18.17 19.07 18.20 18.10 Unaccounted 2/ 0.06 0.30 0.20 0.20 Ending Stocks 2.75 4.30 4.30 4.40 Avg. Farm Price 3/ 68.0 68.6 69.00 - 71.00 69.00 - 71.00 Tot a l Note: Reliability calculations at end of report. 1/ Upland and ex tra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. April 2019 WASDE - 587 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domes tic Feed Domes tic Total 2/ Ex ports Ending Stocks World 3/ 245.00 756.40 179.17 147.04 739.09 183.36 262.31 United States 26.55 62.83 3.21 4.37 31.86 28.60 32.13 Total Foreign 218.44 693.57 175.96 142.68 707.23 154.76 230.17 Major Exporters 4/ 25.34 227.73 5.96 65.87 151.40 84.07 23.55 Argentina 0.82 18.40 0.00 0.05 5.15 13.83 0.25 Australia 3.85 31.82 0.15 4.00 7.45 22.64 5.73 Canada 5.18 32.14 0.50 5.82 10.80 20.16 6.86 European Union 5/ 15.49 145.37 5.30 56.00 128.00 27.44 10.72 Major Importers 6/ 142.86 203.51 96.61 36.28 277.46 5.48 160.04 Brazil 1.00 6.73 7.35 0.80 12.20 0.62 2.26 China 97.00 133.27 4.41 17.00 119.00 0.75 114.93 Sel. Mideast 7/ 17.17 19.16 18.11 3.94 37.25 0.53 16.67 N. Africa 8/ 16.75 13.96 28.56 2.35 44.55 0.57 14.15 Pakistan 3.82 25.63 0.00 0.80 24.50 0.60 4.35 Southeast Asia 9/ 5.19 0.00 26.89 9.89 25.47 1.02 5.60 Selected Other India 14.54 87.00 5.90 4.70 97.12 0.52 9.80 FSU-12 16.98 130.09 7.24 27.62 78.65 54.42 21.23 Russia 5.61 72.53 0.50 17.00 40.00 27.81 10.83 Kazakhstan 2.60 14.99 0.08 2.10 6.90 7.40 3.36 Ukraine 3.35 26.79 0.04 3.60 10.30 18.11 1.77 2017/18 Est. Beginning Stocks Production Imports Domes tic Feed Domes tic Total 2/ Ex ports Ending Stocks World 3/ 262.31 763.19 178.91 146.88 743.61 181.22 281.89 United States 32.13 47.38 4.28 1.39 29.36 24.52 29.91 Total Foreign 230.17 715.81 174.62 145.49 714.25 156.70 251.98 Major Exporters 4/ 23.55 221.05 6.44 66.57 152.94 71.25 26.85 Argentina 0.25 18.50 0.00 0.05 5.65 12.16 0.94 Australia 5.73 21.30 0.16 4.00 7.48 13.85 5.87 Canada 6.86 29.98 0.45 4.52 9.42 21.95 5.92 European Union 5/ 10.72 151.26 5.82 58.00 130.40 23.29 14.12 Major Importers 6/ 160.04 207.34 93.73 35.45 280.82 6.50 173.79 Brazil 2.26 4.26 7.02 0.50 12.00 0.23 1.31 China 114.93 134.33 4.00 17.50 121.00 1.00 131.26 Sel. Mideast 7/ 16.67 18.36 18.27 4.11 37.91 0.78 14.62 N. Africa 8/ 14.15 19.25 27.45 2.25 45.23 0.83 14.79 Pakistan 4.35 26.67 0.00 1.00 25.00 1.20 4.83 Southeast Asia 9/ 5.60 0.00 25.87 8.94 25.39 1.04 5.03 Selected Other India 9.80 98.51 1.17 5.00 95.83 0.44 13.20 FSU-12 21.23 142.44 8.22 30.66 81.76 69.12 21.02 Russia 10.83 85.17 0.47 20.00 43.00 41.42 12.04 Kazakhstan 3.36 14.80 0.10 2.10 6.90 9.00 2.37 Ukraine 1.77 26.98 0.06 3.30 9.80 17.78 1.24 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and ex ports. 3/ World imports and ex ports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade ex cludes intra-trade. 6/ Brazil, China, Japan, Mex ico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, K uwait, Saudi Arabia, Y emen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and V ietnam. April 2019 WASDE - 587 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Domes tic Feed Domes tic Total 2/ Ex ports Ending Stocks World 3/ Mar 279.61 733.00 176.53 142.07 742.09 178.91 270.53 Apr 281.89 732.87 175.60 139.53 739.15 178.46 275.61 United States Mar 29.91 51.29 3.95 2.18 30.16 26.26 28.72 Apr 29.91 51.29 3.95 1.91 29.84 25.72 29.58 Total Foreign Mar 249.71 681.72 172.59 139.89 711.94 152.65 241.80 Apr 251.98 681.58 171.66 137.62 709.31 152.74 246.03 Major Exporters 4/ Mar 26.86 206.20 6.81 62.55 148.65 71.20 20.02 Apr 26.85 206.20 6.61 61.10 147.20 71.70 20.76 Argentina Mar 0.94 19.50 0.01 0.05 5.65 14.20 0.60 Apr 0.94 19.50 0.01 0.10 5.70 13.70 1.05 Australia Mar 5.87 17.30 0.15 5.70 9.20 10.00 4.12 Apr 5.87 17.30 0.15 5.70 9.20 10.00 4.12 Canada Mar 5.92 31.80 0.45 4.30 9.30 24.00 4.87 Apr 5.92 31.80 0.45 4.30 9.30 24.00 4.87 European Union 5/ Mar 14.13 137.60 6.20 52.50 124.50 23.00 10.43 Apr 14.12 137.60 6.00 51.00 123.00 24.00 10.72 Major Importers 6/ Mar 171.53 205.14 92.76 37.68 287.09 7.06 175.28 Apr 173.79 205.11 92.86 36.93 286.29 6.76 178.71 Brazil Mar 1.31 5.43 7.50 0.50 12.10 0.80 1.34 Apr 1.31 5.43 7.50 0.50 12.10 0.80 1.34 China Mar 131.26 131.43 3.50 20.00 125.00 1.20 139.99 Apr 131.26 131.43 3.50 20.00 125.00 1.20 139.99 Sel. Mideast 7/ Mar 12.64 17.91 18.45 4.71 39.04 0.64 9.32 Apr 14.62 17.88 17.55 3.66 37.84 0.54 11.67 N. Africa 8/ Mar 14.51 21.01 26.70 2.25 46.08 0.70 15.44 Apr 14.79 21.01 27.00 2.25 46.18 0.70 15.92 Pakistan Mar 4.83 25.50 0.01 1.20 25.30 1.70 3.33 Apr 4.83 25.50 0.01 1.20 25.30 1.50 3.53 Southeast Asia 9/ Mar 5.03 0.00 25.50 8.04 25.34 1.06 4.13 Apr 5.03 0.00 26.20 8.34 25.64 1.06 4.53 Selected Other India Mar 13.20 99.70 0.10 5.00 95.00 0.50 17.50 Apr 13.20 99.70 0.10 5.00 95.00 0.50 17.50 FSU-12 Mar 20.84 124.78 8.56 27.28 77.97 63.03 13.19 Apr 21.02 124.86 8.56 27.28 77.97 63.03 13.44 Russia Mar 11.87 71.69 0.50 18.00 40.50 37.00 6.55 Apr 12.04 71.69 0.50 18.00 40.50 37.00 6.73 Kazakhstan Mar 2.37 13.95 0.06 1.80 6.60 8.50 1.27 Apr 2.37 13.95 0.06 1.80 6.60 8.50 1.27 Ukraine Mar 1.24 25.00 0.06 2.40 8.70 16.50 1.10 Apr 1.24 25.06 0.06 2.40 8.70 16.50 1.16 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and ex ports. 3/ World imports and ex ports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade ex cludes intra-trade. 6/ Brazil, China, Japan, Mex ico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, K uwait, Saudi Arabia, Y emen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and V ietnam. April 2019 WASDE - 587 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domes tic Feed Domes tic Total 2/ Ex ports Ending Stocks World 3/ 349.54 1,414.69 172.61 823.05 1,379.20 198.63 385.02 United States 48.11 402.61 3.43 144.73 327.52 64.46 62.17 Total Foreign 301.43 1,012.08 169.18 678.32 1,051.68 134.17 322.86 Major Exporters 4/ 18.07 212.15 2.45 90.23 121.44 77.89 33.35 Argentina 3.27 48.57 0.01 10.77 16.04 29.11 6.70 Australia 1.50 17.27 0.00 4.22 6.09 10.02 2.65 Brazil 7.01 101.58 1.55 53.45 64.03 31.61 14.49 Canada 4.97 26.62 0.79 14.26 21.97 4.85 5.56 Major Importers 5/ 45.20 240.94 120.79 275.01 357.83 11.05 38.05 European Union 6/ 15.74 152.83 15.56 119.87 160.84 8.09 15.20 Japan 1.76 0.18 17.00 13.26 17.25 0.00 1.69 Mex ico 5.84 33.26 15.29 27.95 46.85 1.54 6.00 N. Afr & Mideast 7/ 10.49 24.80 34.17 54.59 62.39 0.16 6.91 Saudi Arabia 4.40 0.25 11.53 13.22 13.62 0.00 2.56 Southeast Asia 8/ 4.37 29.35 13.68 34.97 42.94 1.27 3.19 South Korea 1.95 0.20 9.31 7.07 9.64 0.00 1.81 Selected Other China 213.33 270.93 16.06 196.90 275.95 0.11 224.25 FSU-12 6.30 92.74 0.76 41.04 56.36 36.54 6.90 Russia 1.66 40.77 0.28 22.48 32.08 8.57 2.06 Ukraine 3.17 39.22 0.04 9.06 12.53 26.89 3.01 2017/18 Est. B egi nni ng St ocks Pr oduct i o n I m por Do m e s t i Feed Do m e s t i T o ta l 2 Expor t s Endi ng St ocks World 3/ 385.02 1,357.45 187.68 835.95 1,372.34 184.45 370.13 United States 62.17 384.39 2.94 138.61 324.28 67.30 57.92 Total Foreign 322.86 973.06 184.75 697.34 1,048.06 117.16 312.21 Major Exporters 4/ 33.35 176.11 3.44 95.62 127.34 63.41 22.16 Argentina 6.70 39.32 0.01 11.88 17.41 23.55 5.06 Australia 2.65 11.91 0.00 3.94 5.81 6.84 1.91 Brazil 14.49 85.06 1.46 57.70 68.18 25.13 7.71 Canada 5.56 26.24 1.77 15.43 23.27 5.78 4.53 Major Importers 5/ 38.05 244.77 133.97 283.35 367.37 10.01 39.41 European Union 6/ 15.20 152.49 19.35 121.15 162.67 7.92 16.46 Japan 1.69 0.19 17.58 13.75 17.75 0.00 1.71 Mex ico 6.00 33.19 16.36 29.20 48.41 0.96 6.18 N. Afr & Mideast 7/ 6.91 28.99 39.15 59.08 66.99 0.13 7.94 Saudi Arabia 2.56 0.26 12.08 12.28 12.80 0.00 2.10 Southeast Asia 8/ 3.19 29.37 14.74 35.87 43.99 1.01 2.31 South Korea 1.81 0.20 10.19 7.80 10.31 0.00 1.90 Selected Other China 224.25 266.57 16.43 199.12 283.98 0.06 223.21 FSU-12 6.90 89.04 0.74 39.78 54.85 36.02 5.81 Russia 2.06 41.72 0.13 21.57 31.02 11.52 1.37 Ukraine 3.01 34.07 0.05 8.44 11.82 22.50 2.81 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Afri ca and M iddle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2019 WASDE - 587 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Domes tic Feed Domes tic Total 2/ Ex ports Ending Stocks World 3/ Mar 370.41 1,371.89 193.39 855.24 1,406.08 198.80 336.23 Apr 370.13 1,377.16 194.92 855.95 1,406.01 200.33 341.29 United States Mar 57.92 379.92 3.00 141.70 327.43 62.63 50.78 Apr 57.92 379.92 3.07 140.12 324.45 60.73 55.74 Total Foreign Mar 312.49 991.97 190.39 713.54 1,078.65 136.17 285.45 Apr 312.21 997.24 191.85 715.82 1,081.55 139.60 285.55 Major Exporters 4/ Mar 22.88 200.14 3.56 96.35 129.18 74.80 22.60 Apr 22.16 202.79 4.51 97.30 130.39 76.73 22.35 Argentina Mar 5.78 53.92 0.01 12.55 18.31 33.31 8.09 Apr 5.06 54.92 0.01 12.55 18.31 33.81 7.88 Australia Mar 1.91 10.90 0.00 3.49 5.54 5.32 1.96 Apr 1.91 10.90 0.00 3.49 5.54 5.32 1.96 Brazil Mar 7.51 97.42 1.55 58.59 70.04 29.02 7.43 Apr 7.71 99.08 1.60 58.74 70.24 31.05 7.09 Canada Mar 4.53 26.24 1.81 15.84 23.32 5.55 3.71 Apr 4.53 26.24 1.81 15.84 23.32 5.55 3.71 Major Importers 5/ Mar 39.10 239.88 141.24 294.56 378.01 8.93 33.28 Apr 39.41 242.50 141.76 295.98 379.83 9.73 34.10 European Union 6/ Mar 16.46 146.96 22.91 125.60 166.57 6.95 12.80 Apr 16.46 148.18 24.01 126.70 168.17 7.55 12.92 Japan Mar 1.71 0.18 17.27 13.52 17.51 0.00 1.65 Apr 1.71 0.18 17.27 13.52 17.51 0.00 1.64 Mex ico Mar 6.26 31.29 17.31 30.72 49.94 1.00 3.92 Apr 6.18 32.49 17.31 30.82 50.04 1.00 4.94 N. Afr & Mideast 7/ Mar 7.56 31.43 38.50 61.37 69.34 0.20 7.94 Apr 7.94 31.43 39.42 62.59 70.56 0.20 8.03 Saudi Arabia Mar 2.10 0.29 13.51 13.45 13.93 0.00 1.98 Apr 2.10 0.29 12.61 12.75 13.23 0.00 1.78 Southeast Asia 8/ Mar 2.31 29.46 17.16 37.46 45.56 0.79 2.59 Apr 2.31 29.66 16.56 37.16 45.16 0.99 2.39 South Korea Mar 1.90 0.20 10.39 8.11 10.62 0.00 1.87 Apr 1.90 0.20 10.39 8.11 10.62 0.00 1.87 Selected Other China Mar 223.21 265.14 13.35 205.30 296.28 0.09 205.32 Apr 223.21 265.14 13.35 205.30 296.28 0.09 205.32 FSU-12 Mar 5.96 93.38 0.74 36.62 50.68 43.60 5.81 Apr 5.81 94.08 0.74 36.68 50.74 44.30 5.59 Russia Mar 1.39 35.00 0.13 18.60 27.17 7.96 1.39 Apr 1.37 35.00 0.13 18.60 27.17 8.12 1.21 Ukraine Mar 2.81 43.99 0.04 7.92 11.17 33.01 2.66 Apr 2.81 44.50 0.04 7.92 11.17 33.51 2.67 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and expo rts may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middl e East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2019 WASDE - 587 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domes tic Feed Domes tic Total 2/ Ex ports Ending Stocks World 3/ 311.48 1,123.41 135.59 656.07 1,084.14 160.06 350.75 United States 44.12 384.78 1.45 138.94 313.83 58.27 58.25 Total Foreign 267.35 738.63 134.14 517.13 770.31 101.79 292.49 Major Exporters 4/ 9.31 157.05 0.87 65.96 84.36 59.88 22.99 Argentina 1.45 41.00 0.01 7.50 11.20 25.99 5.27 Brazil 6.77 98.50 0.85 51.00 60.50 31.60 14.02 South Africa 1.10 17.55 0.00 7.46 12.66 2.29 3.70 Major Importers 5/ 22.61 124.90 80.39 147.78 201.04 5.00 21.87 Egypt 2.22 6.00 8.77 12.70 15.10 0.01 1.89 European Union 6/ 6.93 61.88 14.97 55.00 74.00 2.19 7.60 Japan 1.35 0.00 15.17 11.60 15.20 0.00 1.32 Mex ico 5.16 27.58 14.61 22.50 40.40 1.54 5.41 Southeast Asia 7/ 4.36 29.30 13.48 34.90 42.70 1.26 3.18 South Korea 1.94 0.08 9.22 7.03 9.44 0.00 1.80 Selected Other 0.00 Canada 2.45 13.89 0.71 7.50 12.95 1.52 2.57 China 212.02 263.61 2.46 185.00 255.00 0.08 223.02 FSU-12 2.60 47.79 0.35 17.67 20.51 27.17 3.07 Ukraine 1.39 27.97 0.03 5.10 6.50 21.33 1.55 2017/18 Est. B egi nni ng St ocks Pr oduct i o n I m por t s D o m e stic Feed D o m e stic T o ta l 2/ Expor t s Endi ng St ocks World 3/ 350.75 1,076.40 149.97 671.72 1,086.73 147.07 340.41 United States 58.25 371.10 0.92 134.73 313.97 61.94 54.37 Total Foreign 292.49 705.30 149.05 536.99 772.76 85.13 286.05 Major Exporters 4/ 22.99 127.10 1.02 70.10 89.00 48.22 13.89 Argentina 5.27 32.00 0.01 8.50 12.40 21.00 3.88 Brazil 14.02 82.00 0.92 55.00 64.50 25.12 7.31 South Africa 3.70 13.10 0.10 6.60 12.10 2.10 2.70 Major Importers 5/ 21.87 125.54 88.50 154.40 208.45 3.72 23.74 Egypt 1.89 6.40 9.46 13.40 15.90 0.01 1.84 European Union 6/ 7.60 62.10 18.41 57.00 76.50 1.75 9.86 Japan 1.32 0.00 15.67 12.00 15.60 0.00 1.39 Mex ico 5.41 27.57 16.13 24.30 42.50 0.96 5.65 Southeast Asia 7/ 3.18 29.32 14.40 35.80 43.60 1.00 2.30 South Korea 1.80 0.07 10.02 7.70 10.00 0.00 1.89 Selected Other 0.00 Canada 2.57 14.10 1.70 8.40 14.06 1.94 2.37 China 223.02 259.07 3.46 187.00 263.00 0.02 222.53 FSU-12 3.07 42.27 0.45 16.57 19.27 24.09 2.43 Ukraine 1.55 24.12 0.04 4.90 6.20 18.04 1.47 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and ex ports. 3/ World imports and ex ports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mex ico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade ex cludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and V ietnam. April 2019 WASDE - 587 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Domes tic Feed Domes tic Total 2/ Ex ports Ending Stocks World 3/ Mar 341.16 1,101.16 160.81 702.95 1,133.79 166.96 308.53 Apr 340.41 1,107.38 161.95 703.51 1,133.77 168.15 314.01 United States Mar 54.37 366.29 1.02 136.53 314.72 60.33 46.62 Apr 54.37 366.29 1.02 134.63 311.55 58.42 51.70 Total Foreign Mar 286.79 734.87 159.80 566.42 819.07 106.63 261.91 Apr 286.05 741.09 160.94 568.89 822.23 109.73 262.31 Major Exporters 4/ Mar 14.60 151.50 1.11 71.50 91.60 60.60 15.00 Apr 13.89 154.00 2.01 72.30 92.60 62.50 14.80 Argentina Mar 4.58 46.00 0.01 9.70 13.80 30.00 6.78 Apr 3.88 47.00 0.01 9.70 13.80 30.50 6.58 Brazil Mar 7.12 94.50 1.00 56.00 66.50 29.00 7.12 Apr 7.31 96.00 1.00 56.00 66.50 31.00 6.81 South Africa Mar 2.90 11.00 0.10 5.80 11.30 1.60 1.10 Apr 2.70 11.00 1.00 6.60 12.30 1.00 1.40 Major Importers 5/ Mar 23.82 122.84 94.70 165.80 219.50 3.29 18.57 Apr 23.74 126.26 95.10 167.50 221.60 3.99 19.51 Egypt Mar 1.84 6.80 9.70 13.70 16.20 0.01 2.13 Apr 1.84 6.80 9.70 13.70 16.20 0.01 2.13 European Union 6/ Mar 9.86 60.88 21.50 65.00 84.00 1.50 6.74 Apr 9.86 63.00 22.50 67.00 86.50 2.00 6.86 Japan Mar 1.39 0.00 15.50 11.90 15.50 0.00 1.40 Apr 1.39 0.00 15.50 11.90 15.50 0.00 1.40 Mex ico Mar 5.73 25.60 16.70 25.50 43.70 1.00 3.33 Apr 5.65 26.70 16.70 25.50 43.70 1.00 4.35 Southeast Asia 7/ Mar 2.30 29.41 17.00 37.40 45.35 0.78 2.58 Apr 2.30 29.61 16.40 37.10 44.95 0.98 2.38 South Korea Mar 1.89 0.08 10.20 8.00 10.30 0.00 1.86 Apr 1.89 0.08 10.20 8.00 10.30 0.00 1.86 Selected Other Canada Mar 2.37 13.90 1.70 8.80 14.20 1.60 2.17 Apr 2.37 13.90 1.70 8.80 14.20 1.60 2.17 China Mar 222.53 257.33 5.00 198.00 280.00 0.05 204.81 Apr 222.53 257.33 5.00 198.00 280.00 0.05 204.81 FSU-12 Mar 2.52 52.07 0.45 16.69 19.48 32.75 2.81 Apr 2.43 52.53 0.45 16.56 19.35 33.25 2.80 Ukraine Mar 1.47 35.50 0.03 5.00 6.40 29.00 1.59 Apr 1.47 35.81 0.03 4.80 6.20 29.50 1.60 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d ex ports. 3/ World imports and ex ports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mex ico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade ex cludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2019 WASDE - 587 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Total /2 Domes tic Ex ports Ending Stocks World 3/ 142.64 490.95 41.08 483.69 47.25 149.89 United States 1.48 7.12 0.75 4.23 3.65 1.46 Total Foreign 141.16 483.83 40.34 479.46 43.61 148.43 Major Exporters 4/ 29.48 163.15 0.76 132.94 33.33 27.12 India 18.40 109.70 0.00 95.84 11.71 20.55 Pakistan 1.12 6.85 0.01 3.10 3.52 1.37 Thailand 8.40 19.20 0.25 12.00 11.62 4.24 Vietnam 1.56 27.40 0.50 22.00 6.49 0.97 Major Importers 5/ 10.04 66.54 11.90 77.51 1.22 9.76 Brazil 0.31 8.38 0.61 7.95 0.83 0.53 European Union 6/ 1.18 2.09 1.84 3.60 0.32 1.19 Indonesia 3.51 36.86 0.35 37.80 0.00 2.92 Nigeria 1.53 4.41 2.50 6.70 0.00 1.74 Philippines 2.12 11.69 1.10 12.90 0.00 2.00 Sel. Mideast 7/ 0.86 1.78 3.87 5.63 0.00 0.88 Selected Other 0.00 Burma 1.24 12.65 0.01 10.00 3.35 0.55 C. Amer & Carib 8/ 0.60 1.73 1.77 3.38 0.04 0.68 China 88.00 147.77 5.30 141.76 0.81 98.50 Egypt 0.92 4.80 0.10 4.30 0.10 1.43 Japan 2.55 7.93 0.71 8.73 0.05 2.41 Mex ico 0.13 0.18 0.87 0.92 0.09 0.17 South Korea 1.83 4.20 0.41 4.44 0.00 2.00 2017/18 Est. B egi nni ng St ocks Pr oduct i o n I m por t T o ta l / Do m e s t i Expor t s Endi ng St ocks World 3/ 149.89 495.49 46.91 483.01 47.13 162.37 United States 1.46 5.66 0.85 4.28 2.76 0.93 Total Foreign 148.43 489.83 46.06 478.73 44.37 161.44 Major Exporters 4/ 27.12 169.25 0.75 134.92 33.70 28.51 India 20.55 112.91 0.00 98.82 12.04 22.60 Pakistan 1.37 7.50 0.00 3.40 4.01 1.46 Thailand 4.24 20.37 0.25 10.60 11.06 3.20 Vietnam 0.97 28.47 0.50 22.10 6.59 1.25 Major Importers 5/ 9.76 67.71 13.57 78.85 1.51 10.68 Brazil 0.53 8.20 0.57 7.80 1.08 0.42 European Union 6/ 1.19 2.01 2.00 3.70 0.35 1.16 Indonesia 2.92 37.00 2.30 38.10 0.00 4.11 Nigeria 1.74 4.66 2.00 7.10 0.00 1.30 Philippines 2.00 12.24 1.30 13.25 0.00 2.29 Sel. Mideast 7/ 0.88 2.22 3.70 5.88 0.00 0.93 Selected Other 0.00 Burma 0.55 13.20 0.01 10.20 2.75 0.81 C. Amer & Carib 8/ 0.68 1.64 1.66 3.27 0.04 0.68 China 98.50 148.87 5.50 142.49 1.39 109.00 Egypt 1.43 4.30 0.09 4.20 0.05 1.56 Japan 2.41 7.79 0.69 8.60 0.06 2.23 Mex ico 0.17 0.18 0.81 0.87 0.10 0.20 South Korea 2.00 3.97 0.40 4.88 0.06 1.42 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, P hilippines, selected Middle East, and t he EU -28. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. April 2019 WASDE - 587 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Total /2 Domes tic Ex ports Ending Stocks World 3/ Mar 162.60 501.57 44.61 491.97 47.37 172.19 Apr 162.37 501.39 44.31 492.39 47.29 171.37 United States Mar 0.93 7.12 0.92 4.29 3.11 1.58 Apr 0.93 7.12 0.92 4.29 2.99 1.70 Total Foreign Mar 161.66 494.45 43.69 487.69 44.25 170.62 Apr 161.44 494.27 43.39 488.11 44.31 169.66 Major Exporters 4/ Mar 28.61 173.31 0.65 137.20 33.60 31.77 Apr 28.51 173.17 0.65 137.30 33.50 31.53 India Mar 22.60 116.00 0.00 101.10 12.50 25.00 Apr 22.60 116.00 0.00 101.10 12.50 25.00 Pakistan Mar 1.56 7.54 0.00 3.40 4.10 1.60 Apr 1.46 7.40 0.00 3.50 4.00 1.36 Thailand Mar 3.20 20.70 0.25 10.50 10.00 3.65 Apr 3.20 20.70 0.25 10.50 10.00 3.65 Vietnam Mar 1.25 29.07 0.40 22.20 7.00 1.52 Apr 1.25 29.07 0.40 22.20 7.00 1.52 Major Importers 5/ Mar 10.58 67.21 14.00 79.56 1.14 11.08 Apr 10.68 66.80 13.75 79.61 1.05 10.56 Brazil Mar 0.33 7.48 0.85 7.70 0.70 0.26 Apr 0.42 7.48 0.85 7.70 0.66 0.39 European Union 6/ Mar 1.14 2.00 2.00 3.76 0.35 1.04 Apr 1.16 1.95 2.00 3.76 0.30 1.04 Indonesia Mar 4.11 37.30 0.80 38.10 0.00 4.11 Apr 4.11 37.10 0.50 38.10 0.00 3.61 Nigeria Mar 1.30 4.79 2.20 7.20 0.00 1.09 Apr 1.30 4.79 2.20 7.20 0.00 1.09 Philippines Mar 2.29 12.15 2.50 13.75 0.00 3.19 Apr 2.29 12.00 2.50 13.75 0.00 3.04 Sel. Mideast 7/ Mar 0.93 2.04 3.80 5.85 0.00 0.91 Apr 0.93 2.04 3.85 5.90 0.00 0.91 Selected Other Burma Mar 0.92 13.12 0.01 10.20 2.80 1.05 Apr 0.81 13.05 0.01 10.25 2.80 0.82 C. Amer & Carib 8/ Mar 0.63 1.70 1.80 3.43 0.04 0.67 Apr 0.68 1.70 1.79 3.45 0.04 0.67 China Mar 109.00 148.49 4.50 143.79 2.20 116.00 Apr 109.00 148.49 4.50 143.79 2.20 116.00 Egypt Mar 1.56 2.80 0.40 4.10 0.02 0.64 Apr 1.56 2.80 0.50 4.10 0.02 0.74 Japan Mar 2.17 7.70 0.69 8.60 0.07 1.88 Apr 2.23 7.65 0.69 8.56 0.06 1.95 Mex ico Mar 0.20 0.18 0.88 0.94 0.09 0.22 Apr 0.20 0.18 0.82 0.88 0.09 0.22 South Korea Mar 1.42 3.87 0.41 4.67 0.05 0.98 Apr 1.42 3.87 0.41 4.67 0.05 0.98 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Ph ilippines, selected M iddle East, and the EU -28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. April 2019 WASDE - 587 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2016/17 Beginning Stocks Production Imports Domes tic Use Ex ports Los s /2 Ending Stocks World 90.34 106.66 37.70 116.18 37.91 0.21 80.40 United States 3.80 17.17 0.01 3.25 14.92 0.06 2.75 Total Foreign 86.54 89.49 37.69 112.93 22.99 0.15 77.65 Major Exporters 4/ 19.55 50.72 3.63 32.27 19.78 0.01 21.85 Central Asia 5/ 2.35 5.99 3/ 2.83 3.32 0.00 2.18 Afr. Fr. Zone 6/ 1.16 5.12 3/ 0.14 4.60 0.01 1.53 S. Hemis 7/ 8.76 12.25 0.37 4.29 7.05 -0.02 10.05 Australia 1.88 4.05 3/ 0.04 3.73 -0.03 2.19 Brazil 5.71 7.02 0.19 3.20 2.79 0.00 6.93 India 7.04 27.00 2.74 24.35 4.55 0.00 7.88 Major Importers 8/ 65.27 35.86 31.92 76.72 2.03 0.14 54.17 Mex ico 0.61 0.77 1.00 1.75 0.15 0.03 0.45 China 56.70 22.75 5.03 38.50 0.06 0.00 45.92 European Union 9/ 0.27 1.31 0.69 0.72 1.33 0.05 0.18 Turkey 1.53 3.20 3.68 6.55 0.33 0.00 1.53 Pakistan 2.62 7.70 2.45 10.30 0.13 0.03 2.32 Indonesia 0.53 0.01 3.39 3.30 0.01 0.00 0.62 Thailand 0.20 3/ 1.23 1.20 0.00 0.03 0.20 Bangladesh 1.52 0.13 6.80 6.80 0.00 0.01 1.63 Vietnam 0.78 3/ 5.50 5.40 0.00 0.00 0.88 2017/18 Est. B egi nni ng St ocks Pr oduct i o n I m por t Do m e s t i Us e Expor t s Los s / 2 Endi ng St ocks World 80.40 123.76 41.04 122.76 40.92 0.47 81.05 United States 2.75 20.92 3/ 3.23 15.85 0.30 4.30 Total Foreign 77.65 102.84 41.03 119.53 25.07 0.17 76.75 Major Exporters 4/ 21.85 56.91 2.47 32.75 21.63 0.02 26.84 Central Asia 5/ 2.18 6.50 3/ 3.38 2.60 0.00 2.71 Afr. Fr. Zone 6/ 1.53 5.42 3/ 0.14 4.99 0.00 1.83 S. Hemis 7/ 10.05 15.54 0.25 4.45 8.55 0.01 12.83 Australia 2.19 4.80 3/ 0.04 3.92 0.00 3.04 Brazil 6.93 9.22 0.08 3.40 4.17 0.00 8.66 India 7.88 29.00 1.68 24.15 5.18 0.00 9.23 Major Importers 8/ 54.17 42.93 35.95 82.75 2.34 0.15 47.81 Mex ico 0.45 1.56 0.93 1.90 0.35 0.03 0.66 China 45.92 27.50 5.73 41.00 0.13 0.00 38.02 European Union 9/ 0.18 1.53 0.72 0.75 1.37 0.06 0.25 Turkey 1.53 4.00 4.02 7.45 0.33 0.00 1.78 Pakistan 2.32 8.20 3.30 10.80 0.16 0.03 2.83 Indonesia 0.62 3/ 3.50 3.50 0.01 0.00 0.62 Thailand 0.20 3/ 1.15 1.13 0.00 0.03 0.20 Bangladesh 1.63 0.14 7.60 7.50 0.00 0.01 1.86 Vietnam 0.88 3/ 7.00 6.70 0.00 0.00 1.19 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. April 2019 WASDE - 587 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2018/19 Proj. Beginning Stocks Production Imports Domes tic Use Ex ports Los s /2 Ending Stocks World Mar 81.14 118.89 42.18 123.59 42.18 0.36 76.09 Apr 81.05 118.93 42.09 123.18 42.09 0.36 76.44 United States Mar 4.30 18.39 0.01 3.20 15.00 0.20 4.30 Apr 4.30 18.39 0.01 3.10 15.00 0.20 4.40 Total Foreign Mar 76.84 100.50 42.17 120.39 27.18 0.16 71.79 Apr 76.75 100.54 42.09 120.08 27.09 0.16 72.04 fille r fille r fille r fille r fille r fille r fille r Major Exporters 4/ Mar 26.84 55.01 2.32 33.80 23.03 0.02 27.32 Apr 26.84 54.79 2.07 33.85 22.83 0.02 27.00 Central Asia 5/ Mar 2.71 5.55 3/ 3.61 2.26 0.00 2.39 Apr 2.71 5.48 3/ 3.66 2.26 0.00 2.26 Afr. Fr. Zone 6/ Mar 1.83 5.58 3/ 0.14 5.47 0.00 1.80 Apr 1.83 5.38 3/ 0.14 5.32 0.00 1.75 S. Hemis 7/ Mar 12.83 16.26 0.24 4.57 10.42 0.01 14.33 Apr 12.83 16.31 0.19 4.57 10.67 0.01 14.08 Australia Mar 3.04 2.50 3/ 0.04 3.60 0.00 1.90 Apr 3.04 2.50 3/ 0.04 3.80 0.00 1.70 Brazil Mar 8.66 11.75 0.10 3.50 6.00 0.00 11.01 Apr 8.66 11.80 0.05 3.50 6.00 0.00 11.01 India Mar 9.23 27.00 1.60 24.80 4.50 0.00 8.53 Apr 9.23 27.00 1.40 24.80 4.20 0.00 8.63 fille r fille r fille r fille r fille r fille r fille r Major Importers 8/ Mar 47.90 42.45 37.26 82.50 2.79 0.14 42.19 Apr 47.81 42.74 37.40 82.05 2.91 0.14 42.85 Mex ico Mar 0.66 1.73 0.85 1.95 0.60 0.03 0.66 Apr 0.66 1.73 0.85 1.95 0.60 0.03 0.66 China Mar 38.02 27.50 7.50 40.50 0.15 0.00 32.37 Apr 38.02 27.75 8.00 40.50 0.15 0.00 33.12 European Union 9/ Mar 0.27 1.69 0.70 0.74 1.55 0.05 0.31 Apr 0.25 1.72 0.69 0.74 1.58 0.05 0.30 Turkey Mar 1.88 3.70 3.20 6.80 0.35 0.00 1.63 Apr 1.78 3.70 3.00 6.50 0.45 0.00 1.53 Pakistan Mar 2.83 7.70 3.00 10.60 0.13 0.03 2.78 Apr 2.83 7.70 3.00 10.60 0.13 0.03 2.78 Indonesia Mar 0.62 3/ 3.55 3.55 0.01 0.00 0.61 Apr 0.62 3/ 3.50 3.50 0.01 0.00 0.61 Thailand Mar 0.18 3/ 1.18 1.15 0.00 0.03 0.18 Apr 0.20 3/ 1.18 1.15 0.00 0.03 0.20 Bangladesh Mar 1.86 0.14 8.00 8.00 0.00 0.01 1.98 Apr 1.86 0.14 8.00 8.00 0.00 0.01 1.98 Vietnam Mar 1.19 3/ 7.40 7.30 0.00 0.00 1.29 Apr 1.19 3/ 7.30 7.20 0.00 0.00 1.29 1/ Marketing year beginning August 1. Totals may not add ex actly and trade may not balance due to rounding and other factors. 2/ G enerally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks bas ed on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, B urkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, L esotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Ja pan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. April 2019 WASDE - 587 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domes tic Crush Domes tic Total Ex ports Ending Stocks World 2/ 80.41 349.31 144.22 287.28 330.78 147.50 95.65 United States 5.35 116.93 0.61 51.74 55.72 58.96 8.21 Total Foreign 75.05 232.38 143.61 235.53 275.06 88.54 87.44 Major Exporters 3/ 51.83 183.15 1.94 87.55 96.76 79.52 60.64 Argentina 27.16 55.00 1.67 43.31 49.81 7.03 27.00 Brazil 24.56 114.60 0.25 40.41 43.06 63.14 33.21 Paraguay 0.03 10.34 0.01 3.75 3.81 6.13 0.44 Major Importers 4/ 20.00 17.54 122.63 113.10 136.43 0.39 23.34 China 17.14 13.64 93.50 88.00 103.50 0.11 20.66 European Union 1.56 2.41 13.44 14.40 16.04 0.22 1.15 Japan 0.26 0.24 3.18 2.39 3.46 0.00 0.22 M exico 0.15 0.52 4.13 4.60 4.64 0.00 0.16 2017/18 Est. B egi nni ng St ocks Pr oduct i I m por Do m e s t i Cr u s h Do m e s t Tot a Expor t Endi ng St ocks World 2/ 95.65 341.67 153.26 295.15 338.58 152.96 99.05 United States 8.21 120.07 0.59 55.93 59.00 57.95 11.92 Total Foreign 87.44 221.61 152.67 239.23 279.58 95.01 87.12 Major Exporters 3/ 60.64 171.43 5.23 85.39 94.14 85.57 57.60 Argentina 27.00 37.80 5.05 36.93 43.63 2.11 24.10 Brazil 33.21 122.00 0.18 44.52 46.49 76.18 32.73 Paraguay 0.44 10.30 0.01 3.87 3.94 6.03 0.77 Major Importers 4/ 23.34 19.24 124.51 116.06 140.40 0.43 26.26 China 20.66 15.20 94.10 90.00 106.30 0.13 23.52 European Union 1.15 2.67 14.58 14.95 16.65 0.28 1.48 Japan 0.22 0.25 3.26 2.40 3.52 0.00 0.20 M exico 0.16 0.43 4.87 5.25 5.29 0.00 0.18 2018/19 Proj. B egi nni ng St ocks Pr oduct i I m por Do m e s t i Cr u s h Do m e s t Tot a Expor t Endi ng St ocks World 2/ M ar 98.56 360.08 151.22 303.85 348.49 154.20 107.17 Apr 99.05 360.58 151.18 303.79 349.11 154.33 107.36 United States M ar 11.92 123.66 0.54 57.15 60.61 51.03 24.49 Apr 11.92 123.66 0.46 57.15 60.66 51.03 24.37 Total Foreign M ar 86.64 236.41 150.67 246.70 287.88 103.17 82.67 Apr 87.12 236.92 150.72 246.63 288.46 103.30 83.00 Major Exporters 3/ M ar 57.20 182.48 5.61 89.68 98.31 93.30 53.69 Apr 57.60 182.98 5.61 89.68 99.01 93.30 53.88 Argentina M ar 24.90 55.00 5.35 43.00 49.20 6.30 29.75 Apr 24.10 55.00 5.35 43.00 49.90 6.30 28.25 Brazil M ar 31.53 116.50 0.25 42.70 45.05 79.50 23.73 Apr 32.73 117.00 0.25 42.70 45.05 79.50 25.43 Paraguay M ar 0.77 9.00 0.01 3.90 3.98 5.60 0.20 Apr 0.77 9.00 0.01 3.90 3.98 5.60 0.20 Major Importers 4/ M ar 26.19 19.87 121.42 116.65 142.07 0.26 25.14 Apr 26.26 19.81 121.42 116.70 141.99 0.29 25.22 China M ar 23.52 15.90 88.00 88.00 105.10 0.10 22.22 Apr 23.52 15.90 88.00 88.00 105.10 0.13 22.20 European Union M ar 1.48 2.70 15.80 16.60 18.30 0.13 1.55 Apr 1.48 2.70 15.80 16.60 18.30 0.13 1.55 Japan M ar 0.24 0.26 3.30 2.35 3.52 0.00 0.28 Apr 0.20 0.21 3.30 2.40 3.53 0.00 0.18 M exico M ar 0.18 0.34 5.23 5.50 5.54 0.00 0.21 Apr 0.18 0.34 5.23 5.50 5.54 0.00 0.21 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports . Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). April 2019 WASDE - 587 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domes tic Total Ex ports Ending Stocks World 2/ 13.44 225.55 60.40 221.66 64.55 13.18 United States 0.24 40.63 0.32 30.32 10.51 0.36 Total Foreign 13.20 184.92 60.08 191.35 54.05 12.81 Major Exporters 3/ 7.07 71.76 0.05 24.55 47.09 7.24 Argentina 4.23 33.28 0.00 2.85 31.32 3.34 Brazil 2.71 31.28 0.04 16.94 13.76 3.32 India 0.13 7.20 0.01 4.75 2.01 0.58 Major Importers 4/ 2.21 16.08 36.49 52.38 0.53 1.86 European Union 0.89 11.38 18.79 30.24 0.33 0.49 Southeast Asia 5/ 1.23 2.90 16.07 18.72 0.20 1.28 2017/18 Est. B egi nni n St ock Pr oduct i o n I m por t Do m e s t Tot a Expor t Endi n St ock World 2/ 13.18 232.35 59.99 229.42 63.82 12.28 United States 0.36 44.65 0.45 32.21 12.75 0.50 Total Foreign 12.81 187.70 59.54 197.22 51.07 11.77 Major Exporters 3/ 7.24 68.59 0.03 25.51 43.26 7.09 Argentina 3.34 27.93 0.00 3.00 25.35 2.92 Brazil 3.32 34.50 0.02 17.71 16.06 4.06 India 0.58 6.16 0.01 4.80 1.84 0.11 Major Importers 4/ 1.86 16.32 36.80 53.01 0.64 1.34 European Union 0.49 11.81 18.35 30.04 0.39 0.22 Southeast Asia 5/ 1.28 2.70 16.72 19.42 0.25 1.04 2018/19 Proj. B egi nni n St ock Pr oduct i o n I m por t Do m e s t i Tot a l Expor t Endi n St ock World 2/ Mar 12.28 238.20 62.68 234.55 66.79 11.82 Apr 12.28 238.10 62.72 234.51 66.79 11.80 United States Mar 0.50 44.59 0.41 32.61 12.47 0.41 Apr 0.50 44.54 0.45 32.61 12.47 0.41 Total Foreign Mar 11.78 193.61 62.27 201.93 54.32 11.41 Apr 11.77 193.56 62.27 201.89 54.32 11.40 Major Exporters 3/ Mar 7.09 73.10 0.04 26.67 46.85 6.72 Apr 7.09 73.10 0.04 26.67 46.85 6.72 Argentina Mar 2.92 32.80 0.00 3.19 29.30 3.24 Apr 2.92 32.80 0.00 3.19 29.30 3.24 Brazil Mar 4.06 33.10 0.03 18.13 15.70 3.36 Apr 4.06 33.10 0.03 18.13 15.70 3.36 India Mar 0.11 7.20 0.02 5.35 1.85 0.13 Apr 0.11 7.20 0.02 5.35 1.85 0.13 Major Importers 4/ Mar 1.35 18.16 37.60 55.15 0.54 1.41 Apr 1.34 18.20 37.60 55.19 0.54 1.41 European Union Mar 0.22 13.11 18.53 31.29 0.33 0.24 Apr 0.22 13.11 18.53 31.29 0.33 0.24 Southeast Asia 5/ Mar 1.04 3.28 17.30 20.32 0.22 1.08 Apr 1.04 3.28 17.30 20.32 0.22 1.08 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Japan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. April 2019 WASDE - 587 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domes tic Total Ex ports Ending Stocks World 2/ 3.75 53.72 10.97 53.41 11.24 3.79 United States 0.77 10.04 0.15 9.01 1.16 0.78 Total Foreign 2.99 43.69 10.82 44.40 10.08 3.01 Major Exporters 3/ 0.71 18.89 0.35 11.76 7.45 0.74 Argentina 0.26 8.40 0.00 2.99 5.39 0.28 Brazil 0.29 7.76 0.06 6.57 1.24 0.29 European Union 0.16 2.74 0.29 2.21 0.82 0.16 Major Importers 4/ 1.29 17.89 5.80 23.51 0.21 1.27 China 0.66 15.77 0.71 16.35 0.12 0.67 India 0.47 1.62 3.53 5.15 0.00 0.48 North Africa 5/ 0.16 0.50 1.56 2.01 0.09 0.13 2017/18 Est. B egi nni n St ock Pr oduct i o n I m por t Do m e s t Tot a Expor t Endi n St ock World 2/ 3.79 55.17 9.72 54.61 10.50 3.57 United States 0.78 10.78 0.15 9.70 1.11 0.90 Total Foreign 3.01 44.39 9.56 44.92 9.39 2.66 Major Exporters 3/ 0.74 18.61 0.33 12.25 6.55 0.88 Argentina 0.28 7.24 0.00 3.08 4.13 0.31 Brazil 0.29 8.54 0.05 6.94 1.51 0.42 European Union 0.16 2.84 0.28 2.23 0.90 0.16 Major Importers 4/ 1.27 18.22 5.00 23.40 0.27 0.82 China 0.67 16.13 0.48 16.50 0.21 0.57 India 0.48 1.39 2.98 4.72 0.01 0.12 North Africa 5/ 0.13 0.70 1.53 2.18 0.06 0.13 2018/19 Proj. B egi nni n St ock Pr oduct i o n I m por t Do m e s t Tot a Expor t Endi n St ock World 2/ Mar 3.62 56.97 10.68 56.23 11.33 3.71 Apr 3.57 56.97 10.86 56.35 11.34 3.70 United States Mar 0.90 11.15 0.14 10.25 1.02 0.91 Apr 0.90 11.15 0.18 10.37 1.02 0.84 Total Foreign Mar 2.71 45.83 10.55 45.98 10.31 2.80 Apr 2.66 45.82 10.68 45.99 10.32 2.86 Major Exporters 3/ Mar 0.88 19.76 0.30 12.44 7.50 1.01 Apr 0.88 19.76 0.30 12.39 7.50 1.06 Argentina Mar 0.31 8.42 0.00 3.13 5.15 0.45 Apr 0.31 8.42 0.00 3.08 5.20 0.45 Brazil Mar 0.42 8.20 0.05 7.04 1.35 0.28 Apr 0.42 8.20 0.05 7.04 1.30 0.33 European Union Mar 0.16 3.15 0.25 2.28 1.00 0.28 Apr 0.16 3.15 0.25 2.28 1.00 0.28 Major Importers 4/ Mar 0.87 18.14 5.80 23.73 0.21 0.86 Apr 0.82 18.12 5.93 23.79 0.21 0.87 China Mar 0.57 15.77 0.80 16.51 0.13 0.51 Apr 0.57 15.77 0.90 16.61 0.13 0.51 India Mar 0.17 1.62 3.40 4.95 0.01 0.24 Apr 0.12 1.62 3.40 4.90 0.01 0.24 North Africa 5/ Mar 0.13 0.75 1.60 2.28 0.08 0.12 Apr 0.13 0.73 1.63 2.28 0.08 0.13 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. April 2019 WASDE - 587 - 31 U.S. Quarte rly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2017 Annual 26,187 25,584 51,991 41,662 5,981 48,178 100,169 8,891 215.5 2018 I 6,465 6,645 13,167 10,385 1,452 11,961 25,128 2,221 54.4 II 6,724 6,325 13,105 10,687 1,477 12,303 25,408 2,262 55.8 III 6,820 6,315 13,191 10,940 1,431 12,515 25,705 2,300 54.0 IV 6,859 7,030 13,949 10,588 1,518 12,239 26,188 2,331 53.4 Annual Mar Es t. 26,868 26,315 53,411 42,592 5,878 49,006 102,417 8,994 217.5 Apr Es t. 26,868 26,315 53,411 42,601 5,878 49,018 102,429 9,115 217.6 2019 I 6,405 6,835 13,298 10,350 1,430 11,908 25,206 2,285 54.7 II* 6,810 6,555 13,422 10,810 1,450 12,400 25,822 2,300 56.3 III* 7,040 6,695 13,790 11,100 1,460 12,701 26,491 2,320 54.4 IV* 7,025 7,240 14,323 10,750 1,520 12,403 26,726 2,380 54.2 Annual Mar Proj. 27,300 27,430 54,958 43,100 5,855 49,499 104,457 9,200 219.7 Apr Proj. 27,280 27,325 54,833 43,010 5,860 49,412 104,245 9,285 219.5 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2017 Annual 121.52 50.48 93.5 96.1 100.9 17.65 2018 I 125.60 49.12 95.7 79.4 179.6 15.67 II 116.72 47.91 115.1 79.6 124.4 16.10 III 110.83 43.90 93.7 80.4 120.8 16.00 IV 115.32 42.77 86.7 81.4 125.6 16.93 Annual Mar Es t. 117.12 45.93 97.8 80.2 137.6 16.18 Apr Es t. 117.12 45.93 97.8 80.2 137.6 16.18 2019 I 125.27 40.67 94.0 82.8 107.3 16.90 -17.00 II* 122-126 47-49 103-107 83-87 88-92 17.20 -17.60 III* 111-119 47-51 92-98 85-91 101-109 17.20 -17.90 IV* 109-119 43-47 86-94 89-97 115-125 17.60 -18.60 Annual Mar Proj. 116-123 41-43 93-99 84-89 118-125 17.00 -17.60 Apr Proj. 117-122 45-47 94-98 85-89 103-108 17.25 -17.75 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. April 2019 WASDE - 587 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Ex ports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2017 757 26,250 2,993 30,000 2,860 649 26,492 57.0 2018 Est. Mar 649 26,931 2,998 30,577 3,156 662 26,759 57.0 Apr 649 26,931 2,998 30,577 3,156 662 26,759 57.2 2019 Proj. Mar 662 27,363 3,010 31,035 3,255 675 27,105 57.3 Apr 662 27,343 3,010 31,015 3,255 675 27,085 57.6 F ille r F ille r F ille r F ille r F ille r F ille r F ille r F ille r Pork 2017 507 25,598 1,116 27,221 5,632 554 21,035 50.2 2018 Est. Mar 554 26,329 1,042 27,925 5,870 559 21,496 50.8 Apr 554 26,329 1,042 27,925 5,870 559 21,496 50.9 2019 Proj. Mar 559 27,444 1,005 29,008 6,125 560 22,323 52.3 Apr 559 27,339 1,005 28,903 6,175 540 22,188 52.3 F ille r F ille r F ille r F ille r F ille r F ille r F ille r F ille r Total Red Meat 5/ 2017 1,304 52,078 4,361 57,744 8,497 1,246 48,000 108.4 2018 Est. Mar 1,246 53,499 4,313 59,058 9,032 1,266 48,760 109.2 Apr 1,246 53,499 4,313 59,058 9,032 1,266 48,760 109.5 2019 Proj. Mar 1,266 55,045 4,284 60,595 9,388 1,276 49,931 110.9 Apr 1,266 54,920 4,287 60,473 9,437 1,256 49,780 111.2 F ille r F ille r F ille r F ille r F ille r F ille r F ille r F ille r Broiler 2017 778 41,217 126 42,120 6,791 856 34,473 91.0 2018 Est. Mar 856 42,136 139 43,131 7,068 845 35,219 92.1 Apr 856 42,145 139 43,140 7,068 845 35,227 92.4 2019 Proj. Mar 845 42,639 137 43,620 7,145 880 35,595 92.3 Apr 845 42,550 137 43,531 7,145 880 35,506 92.6 F ille r F ille r F ille r F ille r F ille r F ille r F ille r F ille r Turkey 2017 279 5,981 25 6,284 622 310 5,352 16.4 2018 Est. Mar 310 5,878 19 6,206 611 303 5,292 16.1 Apr 310 5,878 19 6,207 611 303 5,293 16.2 2019 Proj. Mar 303 5,855 20 6,178 610 300 5,268 15.9 Apr 303 5,860 16 6,179 610 305 5,264 16.0 F ille r F ille r F ille r F ille r F ille r F ille r F ille r F ille r Total Poultry 6/ 2017 1,065 47,732 154 48,950 7,544 1,170 40,236 108.7 2018 Est. Mar 1,170 48,550 160 49,880 7,763 1,153 40,964 109.6 Apr 1,170 48,562 160 49,892 7,763 1,153 40,976 110.0 2019 Proj. Mar 1,153 49,037 161 50,351 7,839 1,187 41,325 109.6 Apr 1,153 48,951 157 50,261 7,823 1,191 41,247 110.0 F ille r F ille r F ille r F ille r F ille r F ille r F ille r F ille r Red Meat & Poultry 2017 2,369 99,810 4,515 106,694 16,041 2,416 88,237 217.1 2018 Est. Mar 2,416 102,049 4,473 108,938 16,794 2,419 89,725 218.8 Apr 2,416 102,060 4,473 108,950 16,794 2,419 89,737 219.5 2019 Proj. Mar 2,419 104,082 4,445 110,946 17,227 2,463 91,256 220.5 Apr 2,419 103,871 4,444 110,734 17,260 2,447 91,027 221.2 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready -to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. April 2019 WASDE - 587 - 33 U.S. Egg Supply and Use Commodity 2016 2017 2018 Est. 2018 Est. 2019 Proj. 2019 Proj. Mar Apr Mar Apr Eggs Million Dozen Supply Beginning Stocks 73.6 142.2 87.5 87.5 78.8 78.8 Production 8,580.1 8,890.6 8,993.5 9,114.6 9,200.0 9,285.0 Imports 129.5 34.2 17.8 17.8 19.0 19.0 Total Supply 8,783.2 9,067.0 9,098.8 9,219.9 9,297.8 9,382.8 Use Ex ports 304.2 354.9 333.1 333.1 340.0 320.0 Hatching Use 1,009.6 1,034.9 1,057.1 1,057.1 1,085.0 1,090.0 Ending Stocks 142.2 87.5 78.8 78.8 92.0 92.0 Disappearance Total 7,327.2 7,589.7 7,629.8 7,750.9 7,780.8 7,880.8 Per Capita (number) 272.0 279.9 278.8 284.1 281.9 287.1 Tot a l U.S. Milk Supply and Use Commodity 2016 2017 2018 Est. 2018 Est. 2019 Proj. 2019 Proj. Mar Apr Mar Apr M ilk Billion Pounds Production 212.4 215.5 217.5 217.6 219.7 219.5 Farm Us e 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 12.3 12.7 13.4 13.4 13.9 13.9 Marketings 211.4 214.5 216.5 216.6 218.8 218.6 Imports 6.9 6.0 6.3 6.3 6.5 6.5 Total Cml. Supply 230.7 233.2 236.3 236.4 239.2 239.0 Fat Basis Use Commercial Ex ports 8.4 9.2 10.5 10.5 10.1 9.8 Ending Commercial Stocks 12.7 13.4 13.9 13.9 13.6 13.4 CCC Donations 0.0 0.0 0.0 0.0 0.2 0.2 Domestic Commercial Use 209.6 210.6 211.9 212.0 215.3 215.6 Skim -solid Basis Supply Beg. Commercial Stocks 9.2 9.5 11.8 11.8 10.4 10.5 Marketings 211.4 214.5 216.5 216.6 218.8 218.6 Imports 6.5 6.1 5.5 5.5 5.2 5.3 Total Cml. Supply 227.1 230.1 233.7 233.8 234.4 234.3 Skim -solid Basis Use Commercial Ex ports 39.1 40.7 44.6 44.6 43.6 42.2 Ending Commercial Stocks 9.5 11.8 10.4 10.5 10.5 10.4 CCC Donations 0.0 0.0 0.0 0.0 0.2 0.2 Domestic Commercial Use 178.5 177.6 178.7 178.8 180.1 181.5 Tot a l Note: Totals may not add due to rounding. April 2019 WASDE - 587 - 34 U.S. Dairy Prices Commodity 2016 2017 2018 Est. 2018 Est. 2019 Proj. 2019 Proj. Mar Apr Mar Apr Product Prices 1/ Dollars Per Pound Cheese 1.6050 1.6344 1.5377 1.5377 1.510 - 1.570 1.555 - 1.605 Butter 2.0777 2.3303 2.2572 2.2572 2.255 - 2.345 2.255 - 2.335 Nonfat Dry Milk 0.8292 0.8666 0.7945 0.7945 0.965 - 1.015 0.965 - 1.005 Dry Whey 0.2875 0.4437 0.3422 0.3422 0.425 - 0.455 0.380 - 0.410 F ille r Dollars Per Cwt Milk Prices 2/ Class III 14.87 16.17 14.61 14.61 14.90 - 15.50 15.10 - 15.60 Class IV 13.77 15.16 14.23 14.23 15.75 - 16.45 15.75 - 16.35 All Milk 3/ 16.30 17.65 16.18 16.18 17.00 - 17.60 17.25 - 17.75 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated pla nts for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . April 2019 WASDE - 587 - 35 Reliability of April Projections 1/ Note: Tables on pages 35 -37 present a record of the April projection and the final Estimate. Using world wheat production as an example, the "root mea n square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0.5 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 0.8 percent. The average difference between the April proje ction and t he final estimate is 2.1 million tons, ranging from 0.1 million to 6.8 million tons. The April projection has been below the estimate 25 t imes and above 12 t imes . Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final W HEAT Percent Million Metric Tons Production World 0.5 0.8 2.1 0.1 6.8 25 12 U.S. 0.1 0.3 0.1 0.0 0.3 15 11 Foreign 0.6 1.0 2.1 0.2 6.8 25 12 Ex ports World 3.9 6.7 4.1 0.4 14.3 29 8 U.S. 2.6 4.4 0.6 0.0 2.1 16 20 Foreign 5.1 8.6 4.1 0.1 13.3 29 8 Domestic Use World 0.8 1.3 3.6 0.1 9.4 17 20 U.S. 3.2 5.5 0.8 0.0 2.2 14 23 Foreign 0.8 1.3 3.3 0.0 9.6 17 19 Ending Stocks World 3.2 5.5 4.0 0.0 14.5 26 10 U.S. 8.4 14.2 0.9 0.0 4.1 25 12 Foreign 3.6 6.0 3.5 0.0 12.6 27 9 COARSE GRAINS 2/ Production World 1.1 1.8 8.8 0.3 42.1 30 7 U.S. 0.2 0.3 0.1 0.0 1.3 16 7 Foreign 1.5 2.5 8.9 0.3 42.1 30 7 Ex ports World 4.7 8.0 4.7 0.1 21.8 26 11 U.S. 6.6 11.3 2.7 0.0 7.2 21 16 Foreign 7.4 12.6 4.4 0.3 21.2 28 9 Domestic Use World 0.9 1.5 6.0 0.0 20.3 16 21 U.S. 2.4 4.1 3.3 0.1 16.8 13 24 Foreign 1.0 1.7 5.8 0.2 22.7 22 15 Ending Stocks World 10.0 17.0 13.1 0.2 144.9 32 5 U.S. 11.4 19.3 3.7 0.0 12.1 18 19 Foreign 12.6 21.4 11.3 0.5 144.9 31 6 RICE, milled Production World 1.3 2.2 3.5 0.2 13.3 31 6 U.S. 1.4 2.3 0.0 0.0 0.2 11 5 Foreign 1.3 2.3 3.5 0.1 13.3 31 6 Ex ports World 8.0 13.6 1.4 0.1 4.5 29 8 U.S. 6.5 11.0 0.1 0.0 0.5 17 17 Foreign 8.9 15.1 1.4 0.0 4.4 29 8 Domestic Use World 1.1 1.8 2.9 0.1 13.7 27 10 U.S. 7.1 12.0 0.2 0.0 0.5 13 23 Foreign 1.1 1.8 2.9 0.2 13.4 27 10 Ending Stocks World 8.4 14.2 4.3 0.1 26.1 26 11 U.S. 18.9 32.1 0.2 0.0 0.4 22 15 Foreign 8.7 14.8 4.4 0.1 26.1 25 12 1/ Footnotes at end of table. CONTINUED April 2019 WASDE - 587 - 36 Reliability of April Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 1.7 2.9 2.5 0.2 7.9 22 15 U.S. 1.3 2.2 0.6 0.0 2.5 16 14 Foreign 2.8 4.7 2.4 0.0 8.1 23 14 Ex ports World 5.0 8.6 2.4 0.1 10.3 24 13 U.S. 5.6 9.5 1.3 0.0 6.3 27 10 Foreign 11.7 19.8 2.1 0.2 8.8 21 16 Domestic Use World 1.8 3.0 2.5 0.0 10.3 20 17 U.S. 2.3 3.8 0.8 0.1 2.4 25 12 Foreign 2.2 3.7 2.2 0.0 10.4 18 19 Ending Stocks World 11.6 19.7 3.2 0.3 12.0 21 16 U.S. 35.5 60.2 1.7 0.1 6.8 12 25 Foreign 12.8 21.7 2.9 0.0 12.8 24 13 COTTON Million 480 -Pound Bales Production World 1.6 2.7 1.1 0.0 5.2 28 8 U.S. 0.3 0.5 0.0 0.0 0.2 16 13 Foreign 1.9 3.3 1.2 0.0 5.1 27 9 Ex ports World 4.2 7.1 1.0 0.1 4.2 24 13 U.S. 4.8 8.1 0.4 0.0 1.4 16 18 Foreign 5.3 9.0 0.9 0.1 3.9 24 13 Domestic Use World 1.6 2.7 1.3 0.0 4.6 22 15 U.S. 3.1 5.3 0.2 0.0 0.6 18 15 Foreign 1.6 2.8 1.2 0.2 4.5 22 15 Ending Stocks World 7.0 11.8 2.7 0.0 8.2 24 13 U.S. 14.0 23.8 0.4 0.0 1.6 14 23 Foreign 7.5 12.7 2.6 0.1 8.0 22 15 1/ Marketing years 1981/82 through 2017/18 for grains, soybeans and cotton. Final for grains, soybeans and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2017/18. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mix ed grain. April 2019 WASDE - 587 - 37 Reliability of United States April Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 0.2 0.3 2 0 38 1 2 Ex ports 6.7 11.3 98 13 248 18 19 Domestic Use 2.2 3.8 114 5 474 14 23 Ending Stocks 13.0 22.1 148 3 470 18 19 SORGHUM Production 0.1 0.2 0 0 4 0 2 Ex ports 12.0 20.3 20 0 72 25 11 Domestic Use 9.8 16.7 23 0 158 15 20 Ending Stocks 39.0 66.2 22 0 148 16 20 BARLEY Production 0.7 1.3 1 0 11 16 4 Ex ports 14.4 24.4 4 0 13 10 23 Domestic Use 5.1 8.7 10 0 64 15 19 Ending Stocks 11.8 20.0 12 0 52 25 11 OATS Production 0.3 0.6 0 0 2 4 4 Ex ports 33.7 57.3 1 0 3 6 6 Domestic Use 4.1 6.9 8 0 26 12 23 Ending Stocks 14.6 24.8 10 1 30 23 14 SOYBEAN MEAL Thousand Short Tons Production 2.7 4.6 842 35 2,667 29 8 Ex ports 8.2 13.9 554 25 2,326 30 7 Domestic Use 2.2 3.7 497 100 2,066 25 12 Ending Stocks 35.6 60.4 71 0 253 15 20 SOYBEAN OIL Million Pounds Production 2.7 4.6 398 15 1,058 29 8 Ex ports 15.5 26.3 214 0 650 25 11 Domestic Use 2.0 3.4 256 0 576 22 14 Ending Stocks 17.6 29.9 245 5 753 24 13 ANIMAL PROD. Million Pounds Beef 2.4 4.1 498 19 1,388 24 13 Pork 2.2 3.7 295 10 983 23 14 Broilers 1.3 2.2 277 6 675 25 12 Turkeys 2.6 4.4 101 3 398 19 18 Million Dozen Eggs 1.6 2.7 86 10 433 26 11 Billion Pounds Milk 1.2 2.0 1.3 0.0 5.2 17 14 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2017/18 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate followin g the marketing year for 1981/82 through 2017/18. Calendar years 1982 through 2017 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2017. WASDE -587-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Dema nd Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ To subscribe to receive WASDE -related notifications by email or text message visit https://public.govdelivery.com/accounts/USDAOC/subscriber/new?topic_id=USDAOC_223 . Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at 202- 720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE -587 – April 9, 2019 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 582 Approved by the World Agricultura l Outlook Board October 11, 2018 WHEAT: The outlook for 2018/19 U.S. wheat this month is larger supplies, reduced domestic use, unchanged exports, and higher ending stocks. Wheat production is raised 7 million bushels to 1,884 million from the NASS Small Grains Summary , issued on September 28. Projected imports increased 5 million bushels to 140 million on higher - than- expected imports of s pring wheat and Durum in the first quarter (June -August). The NASS Grain Stocks report indicated a 21 percent year -to-year increase in implied disappearance for first quarter feed and residual. But record -large 2018/19 U.S. corn supplies are expected to restrain feed and residual use for the remainder of the year with the annual estimate reduced by 10 million bushels to 110 million. Wheat exports are unchanged at 1,025 million bushels but there are offsetting by -class changes with White higher and Hard Red Winter lower. Projected ending stocks are higher at 956 million bushels but still 13 percent below last year ’s revised 1,099 million. The season -average farm price range is unchanged at the midpoint of $5.10 per bushel and the range is narrowed to $4.80 to $5.40. Global 2018/19 wheat supplies are reduced, primarily on lower production forecasts for Australia and Russia. Australia’ s production is decreased 1.5 million tons to 18.5 million on continued dry conditions and possible frost damage. This would be Australia’ s smallest production since 2007/08. Russia’ s wheat production is reduced 1.0 million tons to 70.0 million on lower -than-expected yields in some spring wheat areas. Projected global 2018/19 trade is lower, almost all on reduced Australian exports, which are down 1.0 million tons to 13.0 million. Global imports are decreased with Bangladesh, Azerbaijan, and Nigeria accounting for most of the reduction. Projected 2018/19 world consumption is fractionally lower, primarily on less use in Azerbaijan, Bangladesh, Nigeria, and the United States. Global ending stocks are reduced 1.1 million tons to 260.2 million, down 5 percent from last year ’s record. COARSE GRAINS: This month’s 2018/19 U.S. corn outlook is for lower production, increased exports, reduced feed and residual use and larger ending stocks. Corn production is forecast at 14.778 billion bushels, down 49 million on a reduced yield forecast. Harvested area is virtually unchanged from last month. Corn supplies are forecast record high, as a smaller crop is more than offset by an increase in beginning stocks based on the September 28 Grain Stocks report. Exports are raised 75 million bushels reflecting U.S. price competitiveness and reduced exports for Russia. Projected feed and residual use is lowered 25 million bushels based on a lower crop and indicated disappearance during 2017/18. Corn ending stocks for 2018/19 are raised 39 million bushels. The projected midpoint for the season- average corn price received by producers is unchanged at a range of $3.00 to $4.00 per bushel. WASDE- 582-2 Grain sorghum pr oduction is forecast higher from last month, as a 3.9 -bushel per acre increase in yield to 75.0 bushels per acre is partially offset by a reduction in harvested area. Barley and oat production estimates are updated based on the September 28 Small Grains Summary report. Global coarse grain production for 2018/19 is forecast down 3.8 million tons to 1,343.4 million. The 2018/19 foreign coarse grain outlook is for lower production and consumption, and higher stocks relative to last month. Foreign corn production is forecast modestly higher reflecting projected increases for Egypt, Mali, Kenya, Canada, the EU, and Serbia that are partly offset by reductions for Russia and Malawi. The projected corn yield for Russia is lowered based on reported harvest results to date. Corn exports are reduced for Russia, with more than offsetting increases for the United States, Serbia, and Canada. Corn imports are raised for Mexico and Israel, with the former based on lowered expected imports of sorghum. Foreign corn ending stocks are higher, mostly reflecting increases for Mexico, Egypt, and Iran that are partly offset by reductions for South Africa and Turkey. Global corn stocks, at 159.4 million tons, are up 2.3 million from last month. RICE : The 2018/19 rice crop is reduced 0.7 million cwt to 218.8 million on lower yields. The average yield forecast is lowered 24 pounds per acre to 7,539 pounds. Decreases are in Texas and California. The long- grain crop is reduced 0.5 million cwt to 159.0 million. Medium - and short -grain production is lowered 0.2 million cwt to 59.8 million. All rice ending stocks are lowered 0.7 million cwt to 44.2 million as no other supply and demand changes are made this month. The all rice season -average farm price is unchanged at a range of $11.20 to $12.20 per cwt with the midpoint at $11.70. Foreign rice supplies for 2018/19 are raised 0.9 million tons mainly on increased production. India’ s crop is raised 1.0 million tons and Madagascar is raised 0.4 million, both on updated government data. Partly offsetting i s a 0.5 -million -ton reduction for Egypt on new government policies that restrict rice production. Global trade and consumption are only changed fractionally. With supplies rising more than use, global ending stocks are increased 0.8 million tons to 145.2 million. OILSEEDS: U.S. oilseed production for 2018/19 is projected at 138.4 million tons, down 0.1 million from last month with lower soybean and sunflowerseed production only partly offset with higher canola production. Soybean production is forecast at 4,690 million bushels, down 3.5 million with higher yields offset by lower harvested area. The soybean yield is projected at 53.1 bushels per acre, up 0.3 bushels from the September forecast. Harvested area is reduced 0.6 million acres to 88.3 million. Increases for North Dakota, Nebraska, and Iowa are more than offset by reductions in many other states. Soybean supplies for 2018/19 are projected at a record 5,153 million bushels on higher beginning stocks. With soybean use unchanged, ending stocks are projected at 885 million bushels. The 2018/19 U.S. season- average soybean price is forecast at $7.35 to $9.85, unchanged at the midpoint from last month. Soybean meal and soybean oil price WASDE- 582-3 projections are also unchanged at $290 to $330 per short ton and 28.0 to 32.0 cents per pound, respectively. Global oilseed production for 2018/19 is projected at 603.9 million tons, down 0.7 million from last month as lower peanut production is partly offset by higher soybean and rapeseed production. Global soybean output is projected at a record 369.5 million tons, up 0.2 million with higher production for Canada partly offset by lower projections for India, the United States, and Mexico. The soybean and peanut crops for India ar e reduced on lower area harvested based on government reports. India’ s peanut yield is also reduced due to below -normal and inconsistent rainfall in Gujarat where nearly half of the peanuts are produced. Despite lower global oilseed production, increased beginning stocks, mainly in the United States, results in a 2.0 million- ton increase to global oilseed ending stocks to 123.8 million. Global soybean ending stocks are increased 1.8 million tons to 110.0 million. SUGAR : U.S. sugar supply for 2017/18 is decreased by 58,022 short tons, raw value (STRV). The decrease reflects a reduction in estimated Louisiana cane sugar production for the month of September 2018 and a net reduction in imports. Imports under tariff -rate quotas (TRQs) are reduced by 62,527 STRV but are partially offset by a 10,000 -STRV increase in high- tier tariff imports and a 1,404- STRV increase in re -export imports. U.S. sugar supply for 2018/19 is reduced by 99,496 STRV. The reduction reflects lower beginning stocks and lower production partially offset by a shift in f ree trade agreement 2018 calendar year TRQ imports from the third quarter of 2018 to the fourth quarter. Beet sugar production for 2018/19 is reduced 106,719 STRV on a lower sugarbeet production forecast by NASS. Cane sugar production in Louisiana is increased by 40,724 STRV on NASS increases for both sugarcane area and yield forecasts. Mexico sugar exports for 2017/18 are estimated at 1.147 million metric tons (MT), a reduction of 60,116 from last month. Exports are comprised of 1.086 million MT to the United States under export licenses and of combined exports of 60,796 MT to non- U.S. destinations and to the U.S. re -export import program. Ending stocks are residually estimated at 1.328 million MT of which 350,358 are required to be exported in 2018/19 before December 31 per provisions administered by the Fideicomiso Maestro para la Exportación de Excedentes de los Ingenios (FIMAE). Mexico sugar exports for 2018/19 are projected to increase 86,207 MT reflecting supplies reported by CONADESUCA under FIMAE provisions. LIVESTOCK, POULTRY, AND DAIRY : The forecast for 2018 total red meat and poultry production is lowered from last month. Beef production is reduced from the previous month largely due to lower expected fourth -quarter fed cattle slaughter. Carcass weights are forecast lower on a higher expected proportion of cows in the slaughter mix. The pork production forecast is lowered on smaller second -half commercial hog slaughter and lighter carcass weights. The broiler an d turkey production forecasts are reduced on expectations of slightly lower slaughter for the remainder of the year. The 2018 egg production forecast is raised from last month. WASDE- 582-4 For 2019, the total red meat and poultry production forecast is raised from the previous month as higher expected beef production more than offsets lowered forecasts for pork and broiler production. Beef production is raised from last month as larger placements in late 2018 and early 2019 are marketed during 2019. However, carcass weights are lowered for the early part of the year. Pork production is forecast slightly lower from last month. Both hog slaughter and carcass weight forecast s are reduced. The 2019 broiler production forecast is reduced from last month while the turkey production forecast is unchanged. Beef import forecasts are lowered for 2018 and 2019 while beef export forecasts remain unchanged. Pork import forecasts for 2018 and 2019 are reduced from last month. No change is made to the 2018 pork export forecast, but the 2019 export forecast is raised on strong global demand for competitively priced U.S. pork products. The 2018 and 2019 turkey export forecasts are reduced from last month on recent trade data and slower expected demand into next year. Annual broiler and egg export forecasts for 2018 and 2019 are unchanged from last month. The 2018 cattle price for the fourth quarter is raised from last month, but no change is made to the 2019 price forecast. The hog price forecast is raised for the last quarter of 2018 and into 2019 on expected demand strength. Broiler and turkey price forecasts are unchanged at the midpoint for 2018 and 2019. The egg price forecast for fourth- quarter 2018 is raised on near -term demand strength, but no change is made t o the 2019 price forecasts. The milk production forecast s for 2018 and 2019 are raised from the previous month on a more rapid pace of growth in milk per cow. Cow numbers are raised for 2019. Fat basis imports for 2018 and 2019 are raised on continued strength in butterfat imports and slightly higher cheese imports. The 2018 and 2019 skim -solids basis import forecasts are lowered from the previous month. Exports on a fat basis are raised for 2018 on stronger cheese exports, but no change is made to the 2019 export forecast. Skim -solids basis exports for 2018 are raised, primarily on stronger nonfat dry milk (NDM) and whey product shipments. For 2018 and 2019, butter and whey price forecasts are raised from the previous month on expected demand strength, but the cheese price forecasts are lowered on continued large supplies. The NDM price forecast is unchanged. The Class III price is lowered for 2018; but for 2019, higher whey prices are expected to more than offset the declines in cheese prices, and the Class III price forecast is raised. The Class IV price is raised for both years due to higher forecast butter prices. The 2018 all milk price forecast is unchanged at the midpoint at $16.35 to $16.45 per cwt , and the 2019 price is raised to $16.85 to $17.75 per cwt. COTTON : The 2018/19 U.S. cotton supply and demand estimates show higher ending stocks, based on slightly larger production and lower exports relative to last month. Production is raised 81,000 bales, with higher production in Texas and Georgia largely offset by lower production in the Carolinas. Domestic mill use is unchanged from last month, but the export forecast is reduced 200,000 bales to 15.5 million, due to reduced WASDE- 582-5 world trade and consumption. Ending stocks are forecast at 5. 0 million bales, and the resulting stocks -to-use ratio of 26 percent is slightly higher than the previous month’ s forecast, and the highest since 2015/16. The forecast range for the marketing year average farm price is 69.0 to 77.0 cents per pound; the midpoint of 73.0 cents is down 2 cents from the previous month’ s projection. The 2018/19 global ending stocks forecast is lowered 4 percent this month as lower production and sharply lower beginning stocks offset marginally smaller consumption. Stocks are lowered mainly in India, as revisions are made to production, consumption, and loss over 2002/03- 2013/14 to better reflect Indian government data (consumption) and the impact of shifting producers ’ marketing patterns (see the October 2018 issue of the FAS Cotton: World Markets and Trade publication). Production forecasts are lowered for Australia, and raised for Greece and the United States. Consumption and imports are lowered for Turkey. Global beginning stocks are lowered 2.9 million bales and ending stocks are lowered 3.0 million bales. Ending stocks in 2018/19 are down 6.4 million bales from last year, largely reflecting an expected 8.2 -million -bale decline in China. Approved by the Secretary of Agriculture and the Chairman of the World Agricult ural Outlook Board, Seth D. Meyer , (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY : STEPHEN CENSKY SECRETARY OF AGRICULTURE DESIGNATE WASDE- 582-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers , ICEC Chair, WAOB, E- mail: wchambers @oce.usda.gov Jennifer Bond, ERS; Andrew Sowell, FAS; Pete Riley, FSA . Rice: William Chambers , ICEC Chair, WAOB, E-mail: wchambers @oce.usda.gov Nathan Childs, ERS; Rachel Trego, FAS; Sherrie Grimm, FSA. Feed Grains: Michael Jewison , ICEC Chair, WAOB, E-mail: [email protected] Tom Capehart, ERS; Yoonhee Macke , FAS; Thomas Gajnak , FSA . Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail: [email protected] Mark Ash, ERS; Bill George, FA S; Susan Proper, FSA . Cotton: Stephen MacDonald, ICEC Chair, WAOB, E- mail: [email protected] Leslie Meyer, ERS; James Johnson, FAS; Erik Dohlman , FSA . Sugar: Stephen Haley , ICEC Chair, WAOB, E- mail: [email protected] Michael McConnell, ERS; Ro n Lord, FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Lindsay Kuberka, FAS; Ryan Pfirrmann- Powell, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Sherry Wise , AMS; Sean Ramos, ERS; Claire Mezoughem , FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E- mail: [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Milton Madison, FSA. In 2018, the WASDE report will be released on Nov 8, and Dec 11. In 2019, the WASDE report will be released on Jan 11, Feb 8, Mar 8, Apr 9, May 10, Jun 11, July 11, Aug 12, Sep 12, Oct 10, Nov 8, and Dec 10. WASDE- 582-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Production .......................................................... 31 U.S. Q uarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 October 2018 WASDE - 582 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2016/17 2609.18 3234.53 429.18 2578.27 656.26 2017/18 (Est.) 2565.66 3221.91 415.53 2573.90 648.02 filler filler filler filler filler 2018/19 (Proj.) Sep 2567.35 3210.89 430.80 2620.45 590.44 2018/19 (Proj.) Oct 2562.05 3210.06 429.43 2618.75 591.31 filler filler filler filler filler Wheat 2016/17 752.08 996.48 183.35 739.22 257.26 2017/18 (Est.) 758.74 1016.00 181.27 741.15 274.85 filler filler filler filler filler 2018/19 (Proj.) Sep 733.00 1007.35 181.39 746.06 261.29 2018/19 (Proj.) Oct 730.92 1005.78 180.40 745.6 0 260.18 filler filler filler filler filler Coarse Grains 5/ 2016/17 1369.73 1617.81 198.59 1355.72 262.09 2017/18 (Est.) 1315.40 1577.49 186.03 1350.25 227.24 filler filler filler filler filler 2018/19 (Proj.) Sep 1347.19 1570.75 199.90 1386.00 184.75 2018/19 (Proj.) Oct 1343.37 1570.61 199.52 1384.68 185.93 filler filler filler filler filler Rice, milled 2016/17 487.37 620.24 47.25 483.33 136.91 2017/18 (Est.) 491.52 628.42 48.23 482.50 145.92 filler filler filler filler filler 2018/19 (Proj.) Sep 487.16 632.79 49.51 488.39 144.40 2018/19 (Proj.) Oct 487.76 633.68 49.51 488.47 145.21 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2016/17 472.56 556.09 96.71 363.62 95.76 2017/18 (Est.) 437.26 541.09 94.58 357.75 88.76 filler filler filler filler filler 2018/19 (Proj.) Sep 448.84 542.48 96.56 370.13 75.79 2018/19 (Proj.) Oct 447.67 544.54 97.83 369.84 76.86 filler filler filler filler filler Wheat 2016/17 62.83 92.60 28.60 31.86 32.13 2017/18 (Est.) 47.35 83.76 24.52 29.33 29.91 filler filler filler filler filler 2018/19 (Proj.) Sep 51.08 84.70 27.90 31.35 25.45 2018/19 (Proj.) Oct 51.29 85.00 27.90 31.08 26.03 filler filler filler filler filler Coarse Grains 5/ 2016/17 402.61 454.15 64.46 327.53 62.17 2017/18 (Est.) 384.26 449.36 67.30 324.14 57.92 filler filler filler filler filler 2018/19 (Proj.) Sep 390.79 449.02 65.55 334.55 48.92 2018/19 (Proj.) Oct 389.44 450.80 66.82 334.54 49.43 filler filler filler filler filler Rice, milled 2016/17 7.12 9.34 3.65 4.23 1.46 2017/18 (Est.) 5.66 7.98 2.76 4.28 0.93 filler filler filler filler filler 2018/19 (Proj.) Sep 6.97 8.76 3.11 4.22 1.43 2018/19 (Proj.) Oct 6.95 8.74 3.11 4.22 1.40 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances . 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). October 2018 WASDE - 582 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2016/17 2,136.62 2,678.44 332.47 2,214.65 560.50 2017/18 (Est.) 2,128.40 2,680.82 320.94 2,216.15 559.26 filler filler filler filler filler 2018/19 (Proj.) Sep 2,118.51 2,668.42 334.24 2,250.32 514.65 2018/19 (Proj.) Oct 2,114.38 2,665.53 331.60 2,248.91 514.45 filler filler filler filler filler Wheat 2016/17 689.25 903.88 154.74 707.35 225.13 2017/18 (Est.) 711.39 932.24 156.75 711.82 244.95 filler filler filler filler filler 2018/19 (Proj.) Sep 681.92 922.66 153.50 714.71 235.85 2018/19 (Proj.) Oct 679.64 920.77 152.50 714.52 234.15 filler filler filler filler filler Coarse Grains 5/ 2016/17 967.11 1,163.65 134.13 1,028.20 199.92 2017/18 (Est.) 931.15 1,128.13 118.73 1,026.10 169.32 filler filler filler filler filler 2018/19 (Proj. ) Sep 956.40 1,121.73 134.35 1,051.45 135.83 2018/19 (Proj.) Oct 953.93 1,119.81 132.70 1,050.14 136.50 filler filler filler filler filler Rice, milled 2016/17 480.25 610.90 43.61 479.10 135.45 2017/18 (Est.) 485.86 620.45 45.47 478.23 144.99 filler filler filler filler filler 2018/19 (Proj.) Sep 480.19 624.03 46.39 484.17 142.98 2018/19 (Proj.) Oct 480.81 624.94 46.40 484.25 143.81 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export e stimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2016/17 106.63 197.17 37.65 116.16 80.85 2017/18 (Est.) 123.53 204.38 40.74 123.27 80.89 filler filler filler filler filler 2018/19 (Proj.) Sep 121.97 205.76 41.80 127.94 77.46 2018/19 (Proj.) Oct 121.66 202.55 41.45 127.76 74.45 filler filler filler filler filler United States 2016/17 17.17 20.98 14.92 3.25 2.75 2017/18 (Est.) 20.92 23.68 15.85 3.23 4.30 filler filler filler filler filler 2018/19 (Proj.) Sep 19.68 23.99 15.70 3.40 4.70 2018/19 (Proj.) Oct 19.76 24.07 15.50 3.40 5.00 filler filler filler filler filler Foreign 4/ 2016/17 89.46 176.20 22.74 112.91 78.10 2017/18 (Est.) 102.61 180.70 24.90 120.05 76.59 filler filler filler filler filler 2018/19 (Proj.) Sep 102.29 181.77 26.10 124.54 72.76 2018/19 (Proj.) Oct 101.89 178.48 25.95 124.36 69.45 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. October 2018 WASDE - 582 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2016/17 574.02 668.50 170.44 469.47 110.82 2017/18 (Est.) 574.94 685.75 176.82 484.06 112.17 filler filler filler filler filler 2018/19 (Proj.) Sep 604.67 714.88 181.40 500.30 121.84 2018/19 (Proj.) Oct 603.95 716.12 181.73 500.06 123.81 filler filler filler filler filler Oilmeals 2016/17 320.83 337.75 88.18 318.07 16.30 2017/18 (Est.) 330.66 346.96 87.53 328.63 15.42 filler filler filler filler filler 2018/19 (Proj.) Sep 342.53 356.45 89.70 339.02 14.11 2018/19 (Proj.) Oct 342.47 357.89 89.70 339.21 15.41 filler filler filler filler filler Vegetable Oil s 2016/17 189.17 209.86 81.28 183.57 19.90 2017/18 (Est.) 197.33 217.23 79.85 190.96 20.54 filler filler filler filler filler 2018/19 (Proj.) Sep 203.83 225.62 83.75 196.80 22.87 2018/19 (Proj.) Oct 203.33 223.87 83.75 196.83 20.96 filler filler filler filler filler United States Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2016/17 126.93 135.31 60.08 56.26 9.60 2017/18 (Est.) 131.49 142.51 59.19 60.17 13.83 filler filler filler filler filler 2018 /19 (Proj.) Sep 138.44 152.59 57.20 60.87 24.80 2018/19 (Proj.) Oct 138.38 153.58 57.20 60.85 25.91 filler filler filler filler filler Oilmeals 2016/17 43.11 47.31 10.83 36.08 0.41 2017/18 (Est.) 47.01 51.20 13.82 36.96 0.42 filler filler filler filler filler 2018/19 (Proj.) Sep 46.94 51.14 12.62 38.10 0.42 2018/19 (Proj.) Oct 46.92 51.13 12.62 38.09 0.42 filler filler filler filler filler Vegetable Oils 2016/17 11.43 17.37 1.42 14.72 1.23 2017/18 (Est.) 12.13 18.25 1.35 15.46 1.44 filler filler filler filler filler 2018/19 (Proj.) Sep 12.28 18.80 1.25 16.15 1.40 2018/19 (Proj.) Oct 12.27 18.69 1.25 16.04 1.40 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stoc k s Oilseeds 2016/17 447.09 533.19 110.36 413.21 101.22 2017/18 (Est.) 443.44 543.24 117.63 423.88 98.35 filler filler filler filler filler 2018/19 (Proj.) Sep 466.23 562.29 124.20 439.43 97.04 2018/19 (Proj.) Oct 465.57 562.55 124.5 3 439.20 97.89 filler filler filler filler filler Oilmeals 2016/17 277.72 290.44 77.36 281.99 15.89 2017/18 (Est.) 283.65 295.76 73.71 291.67 15.00 filler filler filler filler filler 2018/19 (Proj.) Sep 295.59 305.31 77.08 300.92 13.69 2018/19 (Proj.) Oct 295.55 306.77 77.08 301.12 14.99 filler filler filler filler filler Vegetable Oils 2016/17 177.73 192.49 79.86 168.85 18.67 2017/18 (Est.) 185.20 198.98 78.50 175.50 19.10 filler filler filler filler filler 2018/19 (Proj .) Sep 191.56 206.82 82.50 180.65 21.46 2018/19 (Proj.) Oct 191.07 205.18 82.50 180.79 19.56 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. October 2018 WASDE - 582 - 11 U.S. Wheat Supply and Use 1/ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Sep Oct Million Acres Area Planted 50.1 46.0 47.8 47.8 Area Harvested 43.9 37.5 39.6 39.6 Bushels Yield per Harvested Acre 52.7 46.3 47.4 47.6 Million Bushels Beginning Stocks 976 1,181 1,100 1,099 Production 2,309 1,740 1,877 1,884 Imports 118 157 135 140 Supply, Total 3,402 3,078 3,112 3,123 Food 949 964 970 970 Seed 61 63 62 62 Feed and Residual 161 50 120 110 Domestic, Total 1,171 1,078 1,152 1,142 Exports 1,051 901 1,025 1,025 Use, Total 2,222 1,979 2,177 2,167 Ending Stocks 1,181 1,099 935 956 Avg. Farm Price ($/bu) 2/ 3.89 4.72 4.70 - 5.50 4.80 - 5.40 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2017/18 (Est.) Beginning Stocks 589 235 215 105 36 1,181 Production 750 384 292 258 55 1,740 Supply, Total 3/ 1,346 707 511 371 142 3,078 Domestic Use 394 288 216 90 90 1,078 Exports 371 228 91 193 18 901 Use, Total 765 516 306 284 107 1,979 Ending Stocks, Total 581 191 205 87 35 1,099 2018/19 (Proj.) Beginning Stocks 581 191 205 87 35 1,099 Production 662 587 286 272 77 1,884 Supply, Total 3/ 1,248 848 499 366 162 3,123 Domestic Use 459 292 209 94 88 1,142 Exports 365 295 120 215 30 1,025 Use, Total 824 587 329 309 118 2,167 Ending Stocks, Total Oct 424 261 170 57 44 956 Ending Stocks, Total Sep 409 252 173 65 36 935 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted av erage price received by farmers. 3/ Includes imports. October 2018 WASDE - 582 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Sep Oct Million Acres Area Planted 106.6 100.9 100.6 100.2 Area Harvested 96.5 90.5 90.1 89.7 Metric Tons Yield per Harvested Acre 4.17 4.24 4.33 4.34 Million Metric Tons Beginning Stocks 48.1 62.1 54.8 57.9 Production 402.3 384.0 390.5 389.2 Imports 3.3 2.7 3.2 3.2 Supply, Total 453.6 448.9 448.5 450.4 Feed and Residual 144.6 138.5 145.3 145.3 Food, Seed & Industrial 182.4 185.2 188.8 188.8 Domestic, Total 327.0 323.7 334.1 334.1 Exports 64.5 67.3 65.5 66.8 Use, Total 391.5 391.0 399.6 400.9 Ending Stocks 62.1 57.9 48.9 49.4 CORN 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. September October Million Acres Area Planted 94.0 90.2 89.1 89.1 Area Harvested 86.7 82.7 81.8 81.8 Bushels Yield per Harvested Acre 174.6 176.6 181.3 180.7 Million Bushels Beginning Stocks 1,737 2,293 2,002 2,140 Production 15,148 14,604 14,827 14,778 Imports 57 36 50 50 Supply, Total 16,942 16,934 16,879 16,968 Feed and Residual 5,470 5,302 5,575 5,550 Food, Seed & Industria l 2/ 6,885 7,054 7,130 7,130 Ethanol & by -products 3/ 5,432 5,601 5,650 5,650 Domestic, Total 12,355 12,355 12,705 12,680 Exports 2,294 2,438 2,400 2,475 Use, Total 14,649 14,793 15,105 15,155 Ending Stocks 2,293 2,140 1,774 1,813 Avg. Far m Price ($/bu) 4/ 3.36 3.36 3.00 - 4.00 3.00 - 4.00 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by -products including distillers' grains, corn gluten feed, corn glute n meal, and corn oil. 4/ Marketing - year weighted average price received by farmers. October 2018 WASDE - 582 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 P roj. Sep Oct Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 6.7 5.6 6.0 5.8 Area Harvested (mil. acres) 6.2 5.0 5.3 5.1 Yield (bushels/acre) 77.9 72.1 71.1 75.0 Beginning Stocks 37 33 49 35 Production 480 364 376 382 Imports 2 2 0 0 Supply, Total 519 399 426 417 Feed and Residual 133 100 80 105 Food, Seed & Industrial 115 59 125 125 Total Domestic 247 159 205 230 Exports 238 205 175 150 Use, Total 485 364 380 380 Ending Stocks 33 35 46 37 Avg. Farm Price ($/bu) 2/ 2.79 3.22 2.80 - 3.80 2.80 - 3.80 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. September October Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.1 2.5 2.5 2.5 Area Harvested (mil. acres) 2.6 2.0 2.0 2.0 Yield (bushels/acre) 77.9 72.6 76.3 77.4 Beginning Stocks 102 106 95 94 Production 200 142 156 153 Imports 10 9 15 15 Supply, Total 312 257 266 263 Feed and Residual 39 1 10 15 Food, Seed & Industrial 162 157 155 155 Total Domestic 201 158 165 170 Exports 4 5 5 5 Use, Total 205 163 170 175 Ending Stocks 106 94 96 88 Avg. Farm Price ($/bu) 2/ 4.96 4.47 4.10 - 5.30 4.15 - 5.15 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. September October Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.8 2.6 2.9 2.7 Area Harvested (mil. acres) 1.0 0.8 1.0 0.9 Yield (bushels/acre) 66.0 61.7 65.1 64.9 Beginning Stocks 57 50 41 41 Production 65 49 66 56 Imports 90 89 95 95 Supply, Total 212 189 202 192 Feed and Residual 82 68 80 75 Food, Seed & Industrial 76 78 79 79 Total Domestic 158 146 159 154 Exports 3 2 2 2 Use, Total 161 148 161 156 Ending Stocks 50 41 41 36 Avg. F arm Price ($/bu) 2/ 2.06 2.59 2.50 - 3.10 2.40 - 3.00 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average p rice received by farmers. October 2018 WASDE - 582 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Sep Oct Milli on Acres Area Planted 3.15 2.46 2.94 2.94 Area Harvested 3.10 2.37 2.90 2.90 Fil ler Pounds Yield per Harvested Acre 7,237 7,507 7,563 7,539 Million Hundredweight Beginning Stocks 2/ 46.5 46.0 29.4 29.4 Production 224.1 178.2 219.5 218.8 Imports 23.5 26.9 27.0 27.0 Supply, Total 294.1 251.2 275.9 275.2 Domestic & Residual 3/ 133.2 134.8 133.0 133.0 Exports, Total 4/ 114.8 87.0 98.0 98.0 Rough 40.4 28.6 33.0 33.0 Milled (rough equiv.) 74.4 58.4 65.0 65.0 Use, Total 248.0 221.8 231.0 231.0 Ending Stocks 46.0 29.4 44.9 44.2 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 10.40 12.60 11.20 - 12.20 11.20 - 12.20 Total LONG -GRAIN RICE 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. September October Harvested Acres (mil.) 2.40 1.75 Yield (pounds/acre) 6,927 7,314 Beginning Stocks 22.7 31.0 20.3 20.3 Production 166.5 127.9 159.5 159.0 Supply, Total 7/ 209.4 182.2 203.3 202.8 Domestic & Residual 3/ 101.8 98.6 103.0 103.0 Exports 8/ 76.6 63.3 69.0 69.0 Use, Total 178.4 161.9 172.0 172.0 Ending Stocks 31.0 20.3 31.3 30.8 Avg. Farm Price ($/cwt) 6/ 9.61 11.70 10.30 - 11.30 10.30 - 11.30 Fil ler Fil ler Fil ler Fil le r Fil ler MEDIUM & SHORT -GRAIN RICE 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. September October Harvested Acres (mil.) 0.69 0.63 Yield (pounds/acre) 8,311 8,048 Beginning Stocks 20.9 11.5 7.6 7.6 Production 57.7 50.4 60.0 59.8 Supply, Total 7/ 81.1 67.5 71.2 71.0 Domestic & Residual 3/ 31.4 36.2 30.0 30.0 Exports 8/ 38.2 23.7 29.0 29.0 Use, Total 69.6 59.9 59.0 59.0 Ending Stocks 11.5 7.6 12.2 12.0 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 13.10 15.00 14.20 - 15.20 14.20 - 15.20 California 10/ 14.10 16.60 15.80 - 16.80 15.80 - 16.80 Other States 1/ 10.10 12.10 10.60 - 11.60 10.60 - 11.60 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2015/16 -2.9; 2016/17 -3.5; 2017/18 -1.4. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.65 per cwt from 2008/09 -2013/14, with a high of $3.50 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. October 2018 WASDE - 582 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Sep Oct Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 83.4 90.1 89.6 89.1 Area Harvested 82.7 89.5 88.9 88.3 Fil ler Bushels Yield per Harvested Acre 52.0 49.3 52.8 53.1 Million Bushels Beginning Stocks 197 302 395 438 Production 4,296 4,411 4,693 4,690 Imports 22 22 25 25 Supply, Total 4,515 4,734 5,113 5,153 Crushings 1,901 2,055 2,070 2,070 Exports 2,166 2,129 2,060 2,060 Seed 105 104 103 103 Residual 41 8 34 34 Use, Total 4,214 4,296 4,268 4,268 Ending Stocks 302 438 845 885 Avg. Farm Price ($/bu) 2/ 9.47 9.33 7.35 - 9.85 7.35 - 9.85 Total SOYBEAN OIL 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. September October Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,687 1,711 2,156 2,206 Production 4/ 22,123 23,795 23,910 23,910 Imports 319 350 300 300 Supply, Total 24,129 25,856 26,366 26,416 Domestic Disappearance 19,862 21,200 22,000 22,100 Biodiesel 3/ 6,200 7,100 7,800 7,800 Food, Feed & other Industrial 13,662 14,100 14,200 14,300 Exports 2,556 2,450 2,200 2,200 Use, Total 22,418 23,650 24,200 24,300 Ending stocks 1,711 2,206 2,166 2,116 Avg. Price (c/lb) 2/ 32.48 30.04 28.00 - 32.00 28.00 - 32.00 Total SOYBE AN MEAL 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. September October Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 264 401 400 400 Production 4/ 44,787 49,199 48,950 48,950 Imports 350 500 350 350 Supply, Total 45,400 50,100 49,700 49,700 Domestic Disappearance 33,420 34,800 35,800 35,800 Exports 11,580 14,900 13,500 13,500 Use, Total 45,000 49,700 49,300 49,300 Ending Stocks 401 400 400 400 Avg. Price ($/s.t.) 2/ 316.88 345.02 290.00 - 330.00 290.00 - 330.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October y ear crush of 2,080 million bushels for 2017/18 and 2,070 million bushels for 2018/19. October 2018 WASDE - 582 - 16 U.S. Sugar Supply and Use 1/ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Sep Oct Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 2,054 1,876 2,072 2,014 Production 2/ 8,969 9,248 9,328 9,262 Beet Sugar 5,103 5,245 5,343 5,236 Cane Sugar 3,866 4,004 3,985 4,026 Florida 2,055 1,983 2,050 2,050 Hawaii 43 0 0 0 Louisiana 1,628 1,852 1,785 1,826 Texas 140 169 150 150 Imports 3,244 3,315 2,776 2,801 TRQ 3/ 1,611 1,664 1,539 1,564 Other Program 4/ 419 326 350 350 Other 5/ 1,213 1,324 887 887 Mexico 1,201 1,269 842 842 Total Supply 14,267 14,439 14,177 14,077 Exports 95 170 85 85 Deliveries 12,258 12,255 12,405 12,405 Food 6/ 12,102 12,100 12,250 12,250 Other 7/ 156 155 155 155 Miscellaneous 38 0 0 0 Total Use 12,391 12,425 12,490 12,490 Ending Stocks 1,876 2,014 1,687 1,587 Stocks to Use Ratio 15.1 16.2 13.5 12.7 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD ). 2/ Production projections for 2017/18 and 2018/19 are based on Crop Production and processor projections where appropriate. 3/ For 2017/18, WTO raw sugar TRQ shortfall (280) and for 2018/19 (99). 4/ Composed of sugar under the re - export and polyhydric alcohol programs. 5/ Imports from Mexico; and high- tier tariff sugar and syrups not otherwise specified -- for 2017/18 (55) and 2018/19 (45). 6/ After 2014/15, SMD deliveries for domestic human food use and for miscellaneous uses reported separately. 7/ Transfers accompanying deliveries for sugar- containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE -reported del iveries: 2016/17 -- 389; estimated 2017/18 -- 269; projected 2018/19 -- 346. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2017/18 Est. Sep 1,002 6,010 190 4,727 1,207 1,268 2017/18 Est. Oct 1,002 6,010 190 4,727 1,147 1,328 2018/19 Proj. Sep 1,268 6,025 115 4,952 995 1,461 2018/19 Proj. Oct 1,328 6,025 115 4,952 1,081 1,435 1/ HFCS c onsumption by Mexico (1,000 metric tons, dry basis): Oct -Sep 2016/17 = 1,522, Estimated 2017/18 = 1,608; Oct - Aug 2016/17 = 1,393; Oct - Aug 2017/18 = 1,460; Projected 2018/19 = 1,608. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2017/18 (390 est); 2018/19 (390). Other Deliveries/Ending Year Statistical Adj ustments: 2017/18 (0), 2018/19 (0). October 2018 WASDE - 582 - 17 U.S. Cotton Supply and Use 1/ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Sep Oct Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 10.07 12.61 14.04 14.04 Harvested 9.51 11.10 10.55 10.53 Fil ler Pounds Yield per Harvested Acre 867 905 895 901 Million 480 Pound Bales Beginning Stocks 3.80 2.75 4.30 4.30 Production 17.17 20.92 19.68 19.76 Imports 0.01 0.00 0.01 0.01 Supply, Total 20.98 23.68 23.99 24.07 Domestic Use 3.25 3.23 3.40 3.40 Exports, Total 14.92 15.85 15.70 15.50 Use, Total 18.17 19.07 19.10 18.90 Unaccounted 2/ 0.06 0.30 0.19 0.17 Ending Stocks 2.75 4.30 4.70 5.00 Avg. Farm Price 3/ 68.0 68.0 70.00 - 80.00 69.00 - 77.00 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season 's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. October 2018 WASDE - 582 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domest ic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 244.40 752.08 179.09 147.07 739.22 183.35 257.26 United States 26.55 62.83 3.21 4.37 31.86 28.60 32.13 Total Foreign 217.85 689.25 175.88 142.70 707.35 154.74 225.13 Major Exporters 4/ 25.34 227.73 5.95 65.87 151.40 84.05 23.56 Argentina 0.82 18.40 0.00 0.05 5.15 13.83 0.25 Australia 3.85 31.82 0.14 4.00 7.45 22.64 5.72 Canada 5.18 32.14 0.50 5.82 10.80 20.16 6.86 European Union 5/ 15.49 145.37 5.30 56.00 128.00 27.43 10.73 Major Importers 6/ 142.29 199.19 96.34 36.28 277.46 5.48 154.88 Brazil 1.00 6.73 7.35 0.80 12.20 0.62 2.26 China 97.04 128.85 4.41 16.50 118.50 0.75 111.05 Sel. Mideast 7/ 16.68 19.14 18.11 4.44 37.75 0.53 15.65 N. Africa 8/ 16.63 14.08 28.30 2.35 44.55 0.57 13.89 Pakistan 3.82 25.63 0.00 0.80 24.50 0.60 4.35 Southeast Asia 9/ 5.19 0.00 26.89 9.89 25.47 1.02 5.60 Selected Other India 14.54 87.00 5.90 4.70 97.12 0.52 9.80 FSU-12 16.98 130.09 7.34 27.62 78.65 54.42 21.33 Russia 5.61 72.53 0.50 17.00 40.00 27.81 10.83 Kazakhstan 2.60 14.99 0.08 2.10 6.90 7.40 3.36 Ukraine 3.35 26.79 0.04 3.60 10.30 18.11 1.77 2017/18 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 257.26 758.74 179.32 144.45 741.15 181.27 274.85 United States 32.13 47.35 4.28 1.36 29.33 24.52 29.91 Total Foreign 225.13 711.39 175.03 143.09 711.82 156.75 244.95 Major Exporters 4/ 23.56 221.47 6.43 66.11 152.58 71.74 27.13 Argentina 0.25 18.50 0.01 0.05 5.75 12.00 1.00 Australia 5.72 21.30 0.15 3.80 7.28 14.50 5.40 Canada 6.86 29.98 0.45 4.26 9.16 21.95 6.18 European Union 5/ 10.73 151.68 5.82 58.00 130.40 23.29 14.55 Major Importers 6/ 154.88 202.75 93.71 32.45 277.67 6.52 167.14 Brazil 2.26 4.26 7.00 0.50 12.00 0.25 1.27 China 111.05 129.77 4.00 13.50 117.00 1.00 126.82 Sel. Mideast 7/ 15.65 18.33 18.27 5.11 38.86 0.78 12.61 N. Africa 8/ 13.89 19.25 27.45 2.25 45.13 0.83 14.63 Pakistan 4.35 26.67 0.00 1.00 25.00 1.20 4.83 Southeast Asia 9/ 5.60 0.00 25.87 8.94 25.39 1.04 5.03 Selected Other India 9.80 98.51 1.17 5.00 95.83 0.44 13.20 FSU-12 21.33 142.22 8.16 31.71 82.86 68.62 20.23 Russia 10.83 84.99 0.47 21.00 44.00 41.42 10.87 Kazakhstan 3.36 14.80 0.06 2.10 6.90 8.50 2.83 Ukraine 1.77 26.98 0.06 3.30 9.80 17.78 1.24 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differe nces in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, an d Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2018 WASDE - 582 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Sep 274.36 733.00 179.12 140.74 746.06 181.39 261.29 Oct 274.85 730.92 177.78 140.26 745.60 180.40 260.18 United States Sep 29.95 51.08 3.67 3.27 31.35 27.90 25.45 Oct 29.91 51.29 3.81 2.99 31.08 27.90 26.03 Total Foreign Sep 244.41 681.92 175.44 137.48 714.71 153.50 235.85 Oct 244.95 679.64 173.97 137.27 714.52 152.50 234.15 Major Exporters 4/ Sep 26.84 208.50 6.61 61.20 147.30 75.20 19.45 Oct 27.13 207.00 6.61 61.30 147.50 74.20 19.04 Argentina Sep 0.70 19.50 0.01 0.10 5.70 14.20 0.31 Oct 1.00 19.50 0.01 0.10 5.80 14.20 0.51 Australia Sep 5.40 20.00 0.15 4.10 7.60 14.00 3.95 Oct 5.40 18.50 0.15 4.20 7.70 13.00 3.35 Canada Sep 6.18 31.50 0.45 4.00 9.00 24.00 5.13 Oct 6.18 31.50 0.45 4.00 9.00 24.00 5.13 European Union 5/ Sep 14.56 137.50 6.00 53.00 125.00 23.00 10.06 Oct 14.55 137.50 6.00 53.00 125.00 23.00 10.05 Major Importers 6/ Sep 167.35 202.66 93.31 35.29 284.72 6.76 171.84 Oct 167.14 202.73 93.21 35.28 284.66 6.76 171.65 Brazil Sep 1.27 4.70 7.50 0.50 12.10 0.30 1.07 Oct 1.27 4.70 7.50 0.50 12.10 0.30 1.07 China Sep 126.82 128.00 4.50 17.00 122.00 1.20 136.12 Oct 126.82 128.00 4.50 17.00 122.00 1.20 136.12 Sel. Mideast 7/ Sep 12.62 18.86 17.80 4.81 39.09 1.04 9.15 Oct 12.61 18.86 17.80 4.81 39.09 1.04 9.14 N. Africa 8/ Sep 14.63 21.10 25.90 2.25 45.90 0.69 15.05 Oct 14.63 21.10 25.90 2.25 45.90 0.69 15.05 Pakistan Sep 4.83 26.30 0.01 1.20 25.30 1.20 4.64 Oct 4.83 26.30 0.01 1.20 25.30 1.20 4.63 Southeast Asia 9/ Sep 5.19 0.00 26.20 8.54 26.09 1.07 4.23 Oct 5.03 0.00 26.10 8.54 26.04 1.07 4.02 Selected Other India Sep 13.20 99.70 0.20 5.00 98.00 0.50 14.60 Oct 13.20 99.70 0.20 5.00 98.00 0.50 14.60 FSU-12 Sep 19.95 126.04 8.71 28.56 79.34 61.03 14.33 Oct 20.23 125.04 8.26 28.26 79.14 61.03 13.36 Russia Sep 10.87 71.00 0.50 18.00 40.50 35.00 6.87 Oct 10.87 70.00 0.50 18.00 40.50 35.00 5.87 Kazakhstan Sep 2.83 15.00 0.06 2.20 7.00 8.50 2.39 Oct 2.83 15.00 0.06 2.20 7.00 8.50 2.39 Ukraine Sep 1.24 25.50 0.03 3.00 9.20 16.50 1.06 Oct 1.24 25.50 0.03 2.90 9.20 16.50 1.06 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differenc es in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra- trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunis ia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2018 WASDE - 582 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Feed Dom estic Total 2/ Exports Ending Stocks World 3/ 248.08 1,369.73 172.79 800.46 1,355.72 198.59 262.09 United States 48.11 402.61 3.43 144.74 327.53 64.46 62.17 Total Foreign 199.97 967.11 169.36 655.72 1,028.19 134.13 199.92 Major Exporters 4/ 18.07 212.15 2.45 90.23 121.45 77.85 33.37 Argentina 3.27 48.57 0.01 10.77 16.04 29.11 6.70 Australia 1.50 17.27 0.00 4.22 6.09 9.99 2.68 Brazil 7.01 101.58 1.55 53.45 64.03 31.61 14.49 Canada 4.97 26.62 0.79 14.26 21.98 4.85 5.56 Major Importers 5/ 45.03 241.16 120.78 275.29 357.91 11.05 38.02 European Union 6/ 15.52 152.95 15.61 119.87 160.84 8.09 15.16 Japan 1.76 0.18 17.00 13.26 17.25 0.00 1.68 Mexico 5.89 33.26 15.24 27.95 46.85 1.54 6.01 N. Afr & Mideast 7/ 10.49 24.90 34.15 54.69 62.49 0.16 6.89 Saudi Arabia 4.40 0.25 11.53 13.22 13.62 0.00 2.56 Southeast Asia 8/ 4.37 29.35 13.68 34.96 42.94 1.27 3.19 South Korea 1.95 0.20 9.32 7.25 9.62 0.00 1.85 Selected Other China 112.09 226.87 16.06 173.90 252.95 0.11 101.95 FSU-12 6.32 92.74 0.76 41.04 56.36 36.53 6.92 Russia 1.67 40.77 0.28 22.48 32.08 8.57 2.07 Ukraine 3.17 39.22 0.04 9.06 12.53 26.90 3.00 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 262.09 1,315.40 186.82 813.10 1,350.25 186.03 227.24 United States 62.17 384.26 2.94 138.58 324.14 67.30 57.92 Total Foreign 199.92 931.15 183.89 674.52 1,026.10 118.73 169.32 Major Exporters 4/ 33.37 176.26 3.47 93.60 125.77 63.97 23.36 Argentina 6.70 39.32 0.01 10.88 16.41 26.11 3.51 Australia 2.68 11.91 0.00 3.29 5.16 7.77 1.66 Brazil 14.49 84.79 1.60 57.51 68.01 22.01 10.86 Canada 5.56 26.24 1.74 15.46 23.26 5.78 4.51 Major Importers 5/ 38.02 245.64 132.41 283.18 367.04 10.32 38.71 European Union 6/ 15.16 152.97 18.93 121.15 162.67 7.87 16.53 Japan 1.68 0.19 17.07 13.31 17.31 0.00 1.64 Mexico 6.01 33.07 16.45 29.20 48.21 1.30 6.02 N. Afr & Mideast 7/ 6.89 29.41 38.92 59.27 67.18 0.16 7.87 Saudi Arabia 2.56 0.36 12.10 12.64 13.20 0.00 1.82 Southeast Asia 8/ 3.19 29.37 14.54 35.66 43.78 1.00 2.32 South Korea 1.85 0.20 10.20 7.81 10.33 0.00 1.92 Selected Other China 101.95 223.39 17.10 179.22 262.08 0.09 80.27 FSU-12 6.92 88.80 0.77 39.12 54.18 36.47 5.83 Russia 2.07 41.71 0.14 21.57 31.02 11.47 1.44 Ukraine 3.00 34.07 0.05 8.02 11.40 23.00 2.72 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed gra ins). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Mor occo, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2018 WASDE - 582 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Sep 223.56 1,347.19 191.52 833.05 1,386.00 199.90 184.75 Oct 227.24 1,343.37 190.87 831.96 1,384.68 199.52 185.93 United States Sep 54.79 390.79 3.44 145.40 334.55 65.55 48.92 Oct 57.92 389.44 3.44 145.39 334.54 66.82 49.43 Total Foreign Sep 168.77 956.40 188.09 687.65 1,051.45 134.35 135.83 Oct 169.32 953.93 187.44 686.57 1,050.14 132.70 136.50 Major Exporters 4/ Sep 23.64 198.47 2.27 94.48 127.38 74.32 22.68 Oct 23.36 198.46 2.27 94.37 127.28 74.47 22.34 Argentina Sep 3.51 48.85 0.01 11.40 16.95 30.31 5.11 Oct 3.51 48.85 0.01 11.39 16.95 30.31 5.11 Australia Sep 1.66 11.51 0.00 2.54 4.39 7.67 1.12 Oct 1.66 11.30 0.00 2.44 4.29 7.67 1.01 Brazil Sep 10.86 97.49 1.55 58.59 70.04 29.02 10.84 Oct 10.86 97.49 1.55 58.59 70.04 29.02 10.84 Canada Sep 4.52 27.03 0.61 15.28 22.74 5.42 4.00 Oct 4.51 27.23 0.61 15.28 22.74 5.57 4.04 Major Importers 5/ Sep 37.72 240.91 136.83 291.35 374.90 9.92 30.65 Oct 38.71 241.01 136.13 290.90 374.35 9.71 31.78 European Union 6/ Sep 16.57 148.63 20.96 124.55 165.62 7.46 13.08 Oct 16.53 148.43 20.86 124.35 165.32 7.25 13.24 Japan Sep 1.64 0.19 16.77 13.22 17.21 0.00 1.38 Oct 1.64 0.18 16.77 13.22 17.21 0.00 1.38 Mexico Sep 5.36 31.69 18.31 31.62 50.84 1.50 3.02 Oct 6.02 31.69 18.31 31.62 50.84 1.50 3.68 N. Afr & Mideast 7/ Sep 7.70 30.40 38.04 60.51 68.48 0.20 7.45 Oct 7.87 30.80 37.44 60.36 68.33 0.20 7.58 Saudi Arabia Sep 1.82 0.34 12.61 12.95 13.48 0.00 1.30 Oct 1.82 0.34 12.61 12.95 13.48 0.00 1.30 Southeast Asia 8/ Sep 2.12 29.39 15.66 36.26 44.31 0.77 2.09 Oct 2.32 29.29 15.66 36.16 44.21 0.77 2.29 South Korea Sep 1.92 0.20 10.39 8.11 10.62 0.00 1.89 Oct 1.92 0.20 10.39 8.11 10.62 0.00 1.89 Selected Other China Sep 80.18 232.81 16.90 184.35 270.43 0.07 59.39 Oct 80.27 232.81 16.90 184.45 270.53 0.07 59.38 FSU-12 Sep 5.92 90.56 0.68 36.40 50.77 41.43 4.95 Oct 5.83 88.56 0.68 36.20 50.57 39.63 4.87 Russia Sep 1.54 36.48 0.18 18.88 27.83 9.34 1.03 Oct 1.44 34.48 0.18 18.68 27.63 7.54 0.93 Ukraine Sep 2.72 39.70 0.04 7.50 10.69 29.46 2.30 Oct 2.72 39.70 0.04 7.50 10.69 29.46 2.30 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adju sted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indon esia, Malaysia, Philippines, Thailand, and Vietnam. October 2018 WASDE - 582 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Export s Ending Stocks World 3/ 209.99 1,078.31 135.56 633.13 1,060.51 160.05 227.79 United States 44.12 384.78 1.45 138.94 313.83 58.27 58.25 Total Foreign 165.86 693.53 134.11 494.19 746.68 101.78 169.54 Major Exporters 4/ 9.31 157.05 0.87 65.96 84.36 59.88 22.99 Argentina 1.45 41.00 0.01 7.50 11.20 25.99 5.27 Brazil 6.77 98.50 0.85 51.00 60.50 31.60 14.02 South Africa 1.10 17.55 0.00 7.46 12.66 2.29 3.70 Major Importers 5/ 22.45 124.91 80.41 147.96 201.01 5.00 21.75 Egypt 2.22 6.00 8.77 12.70 15.10 0.01 1.89 European Union 6/ 6.71 61.89 15.02 55.00 74.00 2.19 7.43 Japan 1.35 0.00 15.17 11.60 15.20 0.00 1.32 Mexico 5.21 27.58 14.57 22.50 40.40 1.54 5.42 Southeast Asi a 7/ 4.36 29.30 13.48 34.90 42.70 1.26 3.18 South Korea 1.94 0.08 9.23 7.21 9.41 0.00 1.83 Selected Other 0.00 Canada 2.45 13.89 0.71 7.50 12.96 1.52 2.57 China 110.77 219.55 2.46 162.00 232.00 0.08 100.71 FSU-12 2.60 47.79 0.35 17.67 20.51 27.16 3.07 Ukraine 1.39 27.97 0.03 5.10 6.50 21.33 1.55 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 227.79 1,034.23 148.64 649.36 1,063.81 147.13 198.21 United States 58.25 370.96 0.92 134.67 313.83 61.94 54.37 Total Foreign 169.54 663.27 147.71 514.70 749.98 85.19 143.84 Major Exporters 4/ 22.99 127.53 1.01 69.40 88.70 47.30 15.52 Argentina 5.27 32.00 0.01 8.00 11.90 23.00 2.38 Brazil 14.02 82.00 1.00 55.00 64.50 22.00 10.52 South Africa 3.70 13.53 0.00 6.40 12.30 2.30 2.62 Major Importers 5/ 21.75 125.59 87.10 153.70 207.55 4.00 22.89 Egypt 1.89 6.40 9.40 13.40 15.90 0.01 1.78 European Union 6/ 7.43 62.28 18.00 57.00 76.50 1.70 9.51 Japan 1.32 0.00 15.20 11.60 15.20 0.00 1.32 Mexico 5.42 27.45 16.20 24.30 42.30 1.30 5.47 Southeast Asia 7/ 3.18 29.32 14.20 35.60 43.40 0.99 2.31 South Korea 1.83 0.08 10.00 7.70 10.00 0.00 1.91 Selected Other 0.00 Canada 2.57 14.10 1.67 8.40 14.04 1.94 2.37 China 100.71 215.89 4.00 167.00 241.00 0.05 79.55 FSU-12 3.07 42.07 0.46 15.94 18.64 24.46 2.50 Ukraine 1.55 24.12 0.05 4.50 5.80 18.50 1.41 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to diff erences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra- trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2018 WASDE - 582 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Domestic Feed Domest ic Total 2/ Exports Ending Stocks World 3/ Sep 194.15 1,069.00 153.98 676.92 1,106.12 161.71 157.03 Oct 198.21 1,068.31 154.83 676.92 1,107.17 162.97 159.35 United States Sep 50.86 376.62 1.27 141.61 322.72 60.96 45.06 Oct 54.37 375.37 1.27 140.98 322.09 62.87 46.06 Total Foreign Sep 143.29 692.38 152.71 535.31 783.40 100.75 111.97 Oct 143.84 692.93 153.56 535.94 785.08 100.10 113.29 Major Exporters 4/ Sep 15.79 148.50 1.01 71.10 91.50 57.90 15.90 Oct 15.52 148.50 1.01 71.10 91.50 57.90 15.62 Argentina Sep 2.38 41.00 0.01 8.50 12.40 27.00 3.98 Oct 2.38 41.00 0.01 8.50 12.40 27.00 3.98 Brazil Sep 10.52 94.50 1.00 56.00 66.50 29.00 10.52 Oct 10.52 94.50 1.00 56.00 66.50 29.00 10.52 South Africa Sep 2.90 13.00 0.00 6.60 12.60 1.90 1.40 Oct 2.62 13.00 0.00 6.60 12.60 1.90 1.12 Major Importers 5/ Sep 22.04 122.69 90.10 162.00 215.65 3.77 15.42 Oct 22.89 123.19 90.60 162.50 216.15 3.77 16.76 Egypt Sep 1.78 6.40 9.70 13.60 16.10 0.01 1.77 Oct 1.78 6.80 9.70 13.70 16.20 0.01 2.07 European Union 6/ Sep 9.51 60.80 19.50 63.50 82.50 1.50 5.81 Oct 9.51 61.00 19.50 63.50 82.50 1.50 6.01 Japan Sep 1.32 0.00 15.00 11.60 15.20 0.00 1.12 Oct 1.32 0.00 15.00 11.60 15.20 0.00 1.12 Mexico Sep 4.82 26.00 16.20 25.00 43.20 1.50 2.32 Oct 5.47 26.00 16.70 25.50 43.70 1.50 2.97 Southeast Asia 7/ Sep 2.11 29.34 15.50 36.20 44.10 0.76 2.08 Oct 2.31 29.24 15.50 36.10 44.00 0.76 2.28 South Korea Sep 1.91 0.08 10.20 8.00 10.30 0.00 1.88 Oct 1.91 0.08 10.20 8.00 10.30 0.00 1.88 Selected Other Canada Sep 2.37 14.30 0.50 8.30 13.70 1.45 2.02 Oct 2.37 14.50 0.50 8.30 13.70 1.60 2.07 China Sep 79.55 225.00 5.00 174.00 251.00 0.05 58.50 Oct 79.55 225.00 5.00 174.00 251.00 0.05 58.50 FSU-12 Sep 2.58 47.76 0.35 16.20 18.90 29.45 2.34 Oct 2.50 46.76 0.35 16.20 18.90 28.45 2.26 Ukraine Sep 1.41 31.00 0.03 4.90 6.20 25.00 1.23 Oct 1.41 31.00 0.03 4.90 6.20 25.00 1.23 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in tran sit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2018 WASDE - 582 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 132.87 487.37 41.29 483.33 47.25 136.91 United States 1.48 7.12 0.75 4.23 3.65 1.46 Total Foreign 131.40 480.25 40.54 479.10 43.61 135.45 Major Exporters 4/ 29.48 163.15 0.76 132.88 33.39 27.12 India 18.40 109.70 0.00 95.78 11.77 20.55 Pakistan 1.12 6.85 0.01 3.10 3.52 1.37 Thailand 8.40 19.20 0.25 12.00 11.62 4.24 Vietnam 1.56 27.40 0.50 22.00 6.49 0.97 Major Importers 5/ 10.04 65.90 11.90 77.41 1.22 9.22 Brazil 0.31 8.38 0.61 8.00 0.83 0.48 European Union 6/ 1.18 2.08 1.84 3.60 0.32 1.18 Indonesia 3.51 36.86 0.35 37.80 0.00 2.92 Nigeria 1.53 3.78 2.50 6.55 0.00 1.26 Philippines 2.12 11.69 1.10 12.90 0.00 2.00 Sel. Mideast 7/ 0.86 1.78 3.87 5.63 0.00 0.88 Selected Other 0.00 Burma 1.24 12.65 0.01 10.00 3.35 0.55 C. Amer & Carib 8/ 0.54 1.72 1.77 3.39 0.04 0.60 China 78.50 144.95 5.30 141.45 0.81 86.50 Egypt 0.92 4.80 0.10 4.30 0.10 1.43 Japan 2.55 7.93 0.71 8.73 0.05 2.41 Mexico 0.13 0.18 0.87 0.92 0.09 0.17 South Korea 1.83 4.20 0.41 4.65 0.00 1.78 2017/18 Est. Beginning Sto c ks Production Imports Total /2 Dom estic Exports Ending Sto c ks World 3/ 136.91 491.52 47.95 482.50 48.23 145.92 United States 1.46 5.66 0.85 4.28 2.76 0.93 Total Foreign 135.45 485.86 47.10 478.23 45.47 144.99 Major Exporters 4/ 27.12 169.25 0.65 134.83 34.60 27.59 India 20.55 112.91 0.00 98.66 12.80 22.00 Pakistan 1.37 7.50 0.00 3.20 4.30 1.37 Thailand 4.24 20.37 0.25 11.17 10.50 3.19 Vietnam 0.97 28.47 0.40 21.80 7.00 1.04 Major Importers 5/ 9.22 66.56 14.02 78.47 1.34 9.99 Brazil 0.48 8.21 0.68 8.03 0.90 0.43 European Union 6/ 1.18 2.04 2.00 3.70 0.36 1.16 Indonesia 2.92 37.00 2.00 38.00 0.00 3.91 Nigeria 1.26 3.78 2.60 6.70 0.00 0.94 Philippines 2.00 12.24 1.30 13.25 0.00 2.29 Sel. Mideast 7/ 0.88 1.93 3.70 5.75 0.00 0.76 Selected O ther 0.00 Burma 0.55 13.20 0.01 10.10 3.00 0.66 C. Amer & Carib 8/ 0.60 1.72 1.74 3.38 0.04 0.64 China 86.50 145.99 5.50 142.10 1.39 94.50 Egypt 1.43 4.30 0.08 4.20 0.05 1.55 Japan 2.41 7.79 0.69 8.66 0.06 2.17 Mexico 0.17 0.18 0.85 0.92 0.10 0.19 South Korea 1.78 3.97 0.41 4.88 0.06 1.23 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nige ria, Philippines, selected Middle East, and the EU -28. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. October 2018 WASDE - 582 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Sep 145.63 487.16 46.74 488.39 49.51 144.40 Oct 145.92 487.76 46.74 488.47 49.51 145.21 United States Sep 0.93 6.97 0.86 4.22 3.11 1.42 Oct 0.93 6.95 0.86 4.22 3.11 1.40 Total Foreign Sep 144.70 480.19 45.88 484.17 46.39 142.98 Oct 144.99 480.81 45.88 484.25 46.40 143.81 Major Exporters 4/ Sep 27.77 167.67 0.65 134.90 35.30 25.88 Oct 27.59 168.67 0.65 135.60 35.25 26.06 India Sep 22.00 110.00 0.00 99.00 13.00 20.00 Oct 22.00 111.00 0.00 100.00 13.00 20.00 Pakistan Sep 1.37 7.40 0.00 3.30 4.30 1.17 Oct 1.37 7.40 0.00 3.30 4.25 1.22 Thailand Sep 3.19 21.20 0.25 10.20 11.00 3.44 Oct 3.19 21.20 0.25 10.20 11.00 3.44 Vietnam Sep 1.21 29.07 0.40 22.40 7.00 1.28 Oct 1.04 29.07 0.40 22.10 7.00 1.41 Major Importers 5/ Sep 10.16 66.60 13.80 79.10 1.13 10.32 Oct 9.99 66.59 14.45 79.30 1.29 10.44 Brazil Sep 0.48 8.02 0.65 8.05 0.75 0.36 Oct 0.43 8.16 0.65 8.03 0.85 0.37 European Union 6/ Sep 1.11 2.00 2.00 3.68 0.35 1.08 Oct 1.16 2.00 2.00 3.75 0.35 1.06 Indonesia Sep 3.91 37.30 1.20 38.20 0.00 4.21 Oct 3.91 37.30 1.20 38.20 0.00 4.21 Nigeria Sep 0.94 3.78 3.00 6.90 0.00 0.82 Oct 0.94 3.78 3.00 6.90 0.00 0.82 Philippines Sep 2.39 12.30 1.20 13.35 0.00 2.54 Oct 2.29 12.15 1.80 13.50 0.00 2.74 Sel. Mideast 7/ Sep 0.76 1.74 3.95 5.78 0.00 0.67 Oct 0.76 1.74 4.00 5.78 0.00 0.72 Selected Other Burma Sep 0.66 13.40 0.01 10.10 3.20 0.77 Oct 0.66 13.12 0.01 10.10 3.00 0.69 C. Amer & Carib 8/ Sep 0.60 1.72 1.92 3.56 0.03 0.66 Oct 0.64 1.75 1.92 3.59 0.03 0.69 China Sep 93.99 140.80 5.50 143.50 1.70 95.09 Oct 94.50 140.80 5.00 142.50 1.80 96.00 Egypt Sep 1.33 3.30 0.40 4.40 0.02 0.61 Oct 1.55 2.80 0.40 4.10 0.02 0.63 Japan Sep 2.26 7.79 0.69 8.59 0.05 2.10 Oct 2.17 7.70 0.69 8.60 0.07 1.88 Mexico Sep 0.19 0.18 0.88 0.94 0.09 0.22 Oct 0.19 0.18 0.88 0.94 0.09 0.22 South Korea Sep 1.23 3.73 0.41 4.48 0.05 0.84 Oct 1.23 3.73 0.41 4.48 0.05 0.84 1/ Aggregate o f local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differen ces in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Ph ilippines, selected Middle East, and the EU -28. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. October 2018 WASDE - 582 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2016/17 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 90.55 106.63 37.70 116.16 37.65 0.21 80.85 United States 3.80 17.17 0.01 3.25 14.92 0.06 2.75 Total Foreign 86.75 89.46 37.69 112.91 22.74 0.15 78.10 Major Exporters 4/ 19.78 50.69 3.63 32.26 19.52 0.01 22.31 Central Asia 5/ 2.35 5.99 3/ 2.82 3.34 0.00 2.17 Afr. Fr. Zone 6/ 1.38 5.09 3/ 0.14 4.33 0.01 2.00 S. Hemis 7/ 8.76 12.25 0.37 4.29 7.04 -0.02 10.06 Australia 1.88 4.05 3/ 0.04 3.73 -0.03 2.19 Brazil 5.71 7.02 0.19 3.20 2.79 0.00 6.93 India 7.04 27.00 2.74 24.35 4.55 0.00 7.88 Major Importers 8/ 65.26 35.86 31.91 76.71 2.04 0.14 54.15 Mexico 0.61 0.77 1.00 1.75 0.15 0.03 0.45 China 56.70 22.75 5.03 38.50 0.06 0.00 45.92 European Union 9/ 0.26 1.31 0.69 0.71 1.33 0.05 0.17 Turkey 1.53 3.20 3.68 6.55 0.33 0.00 1.53 Pakistan 2.62 7.70 2.45 10.30 0.13 0.03 2.32 Indonesia 0.53 0.01 3.39 3.30 0.01 0.00 0.62 Thailand 0.20 3/ 1.23 1.20 0.00 0.03 0.20 Bangladesh 1.52 0.13 6.80 6.80 0.00 0.01 1.63 Vietnam 0.78 3/ 5.50 5.40 0.00 0.00 0.88 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Use Exports Loss /2 Ending Sto c ks World 80.85 123.53 41.00 123.2 7 40.74 0.47 80.89 United States 2.75 20.92 3/ 3.23 15.85 0.30 4.30 Total Foreign 78.10 102.61 41.00 120.05 24.90 0.17 76.59 Major Exporters 4/ 22.31 56.71 2.50 33.41 21.48 0.02 26.61 Central Asia 5/ 2.17 6.61 3/ 3.49 2.57 0.00 2.72 Afr. Fr. Zone 6/ 2.00 5.22 3/ 0.14 4.84 0.00 2.25 S. Hemis 7/ 10.06 15.42 0.25 4.45 8.55 0.01 12.71 Australia 2.19 4.70 3/ 0.04 3.92 0.00 2.94 Brazil 6.93 9.22 0.08 3.40 4.17 0.00 8.66 India 7.88 29.00 1.70 24.70 5.20 0.00 8.68 Major Importers 8/ 54.15 42.95 35.86 82.58 2.35 0.15 47.89 Mexico 0.45 1.56 0.93 1.90 0.35 0.03 0.66 China 45.92 27.50 5.73 41.00 0.13 0.00 38.02 European Union 9/ 0.17 1.54 0.73 0.76 1.37 0.06 0.26 Turk ey 1.53 4.00 4.02 7.35 0.33 0.00 1.88 Pakistan 2.32 8.20 3.30 10.80 0.16 0.03 2.83 Indonesia 0.62 3/ 3.50 3.50 0.01 0.00 0.62 Thailand 0.20 3/ 1.15 1.15 0.00 0.03 0.18 Bangladesh 1.63 0.14 7.60 7.50 0.00 0.01 1.86 Vietnam 0.88 3/ 6.90 6.60 0.00 0.00 1.19 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paragu ay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. October 2018 WASDE - 582 - 27 World Cotton Suppl y and Use 1/ (Million 480 -Pound Bales) 2018/19 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Sep 83.79 121.97 41.79 127.94 41.80 0.35 77.46 Oct 80.89 121.66 41.44 127.76 41.45 0.33 74.45 United States Sep 4.30 19.68 0.01 3.40 15.70 0.19 4.70 Oct 4.30 19.76 0.01 3.40 15.50 0.17 5.00 Total Foreign Sep 79.49 102.29 41.79 124.54 26.10 0.16 72.76 Oct 76.59 101.89 41.43 124.36 25.95 0.16 69.45 filler filler filler filler filler filler filler Major Exporters 4/ Sep 29.49 55.33 2.22 34.72 22.14 0.02 30.16 Oct 26.61 54.86 2.22 34.70 21.77 0.02 27.21 Central Asia 5/ Sep 2.71 5.85 3/ 3.71 2.38 0.00 2.48 Oct 2.72 5.85 3/ 3.71 2.39 0.00 2.48 Afr. Fr. Zone 6/ Sep 2.25 5.28 3/ 0.14 4.97 0.00 2.42 Oct 2.25 5.28 3/ 0.14 4.97 0.00 2.42 S. Hemis 7/ Sep 12.70 14.96 0.22 4.69 10.04 0.01 13.14 Oct 12.71 14.46 0.22 4.67 9.66 0.01 13.05 Australia Sep 2.94 3.00 3/ 0.04 3.90 0.00 2.01 Oct 2.94 2.50 3/ 0.04 3.60 0.00 1.81 Brazil Sep 8.66 10.00 0.08 3.60 5.50 0.00 9.63 Oct 8.66 10.00 0.08 3.60 5.40 0.00 9.73 India Sep 11.58 28.70 1.50 25.50 4.40 0.00 11.88 Oct 8.68 28.70 1.50 25.50 4.40 0.00 8.98 filler filler filler filler filler filler filler Major Importers 8/ Sep 47.95 43.95 37.09 85.74 2.71 0.14 40.41 Oct 47.89 44.02 36.72 85.56 2.86 0.14 40.07 Mexico Sep 0.65 1.75 0.90 1.90 0.55 0.03 0.83 Oct 0.66 1.73 0.90 1.90 0.60 0.03 0.76 China Sep 38.02 27.50 7.00 42.50 0.15 0.00 29.87 Oct 38.02 27.50 7.00 42.50 0.15 0.00 29.87 European Union 9/ Sep 0.25 1.56 0.70 0.75 1.45 0.05 0.26 Oct 0.26 1.66 0.71 0.75 1.53 0.05 0.29 Turkey Sep 1.98 4.50 3.50 7.50 0.38 0.00 2.10 Oct 1.88 4.50 3.10 7.30 0.40 0.00 1.78 Pakistan Sep 2.83 8.50 2.50 11.00 0.18 0.03 2.63 Oct 2.83 8.50 2.50 11.00 0.18 0.03 2.63 Indonesia Sep 0.62 3/ 3.75 3.65 0.01 0.00 0.71 Oct 0.62 3/ 3.75 3.65 0.01 0.00 0.71 Thailand Sep 0.18 3/ 1.13 1.10 0.00 0.03 0.18 Oct 0.18 3/ 1.13 1.10 0.00 0.03 0.18 Bangladesh Sep 1.86 0.14 8.10 8.00 0.00 0.01 2.08 Oct 1.86 0.14 8.10 8.00 0.00 0.01 2.08 Vietnam Sep 1.19 3/ 7.70 7.50 0.00 0.00 1.39 Oct 1.19 3/ 7.70 7.50 0.00 0.00 1.39 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, r eflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, Taji kistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In additio n to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. October 2018 WASDE - 582 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 80.42 348.12 144.35 287.21 328.87 147.36 96.68 United States 5.35 116.92 0.61 51.74 55.71 58.96 8.21 Total Foreign 75.07 231.20 143.75 235.47 273.15 88.40 88.47 Major Exporters 3/ 52.29 183.15 1.98 87.55 95.55 79.52 62.36 Argentina 33.65 55.00 1.67 43.31 47.83 7.03 35.46 Brazil 18.56 114.60 0.25 40.41 43.81 63.14 26.46 Paraguay 0.03 10.34 0.01 3.75 3.81 6.13 0.44 Major Import ers 4/ 19.75 16.79 122.61 113.10 135.87 0.39 22.90 China 16.91 12.90 93.50 88.00 102.80 0.11 20.39 European Union 1.56 2.41 13.42 14.40 16.04 0.22 1.13 Japan 0.26 0.24 3.18 2.39 3.46 0.00 0.22 Mexico 0.15 0.52 4.13 4.60 4.64 0.00 0.16 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ 96.68 337.45 152.45 294.14 336.80 153.12 96.65 United States 8.21 120.04 0.59 55.93 58.97 57.95 11.92 Total Fore ign 88.47 217.41 151.86 238.21 277.83 95.18 84.73 Major Exporters 3/ 62.36 168.74 4.20 84.88 93.11 85.79 56.41 Argentina 35.46 37.80 4.00 37.50 42.19 2.10 32.97 Brazil 26.46 119.80 0.19 43.60 47.05 76.19 23.20 Paraguay 0.44 9.81 0.01 3.70 3.77 6.25 0.23 Major Importers 4/ 22.90 18.24 124.90 115.91 140.13 0.46 25.44 China 20.39 14.20 94.00 90.00 106.00 0.14 22.46 European Union 1.13 2.67 15.00 15.00 16.65 0.28 1.87 Japan 0.22 0.25 3.25 2.35 3.51 0.00 0.21 Mexico 0.16 0.43 4.60 5.00 5.04 0.00 0.16 2018/19 Proj. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ Sep 94.74 369.32 154.12 308.20 353.01 156.90 108.26 Oct 96.65 369.48 154.32 308.20 353.01 157.40 110.04 United States Sep 10.74 127.73 0.68 56.34 60.08 56.06 23.00 Oct 11.92 127.63 0.68 56.34 60.08 56.06 24.09 Total Foreign Sep 84.00 241.59 153.44 251.87 292.93 100.84 85.27 Oct 84.73 241.85 153.64 251.87 292.92 101.3 4 85.96 Major Exporters 3/ Sep 56.09 189.80 2.58 89.73 98.24 91.32 58.91 Oct 56.41 189.80 2.58 89.73 98.23 91.32 59.23 Argentina Sep 32.67 57.00 2.22 43.00 47.92 8.00 35.97 Oct 32.97 57.00 2.22 43.00 47.92 8.00 36.27 Brazil Sep 23.00 120.50 0.35 42.70 46.20 75.00 22.65 Oct 23.20 120.50 0.35 42.70 46.20 75.00 22.85 Paraguay Sep 0.41 9.80 0.01 3.95 4.03 5.90 0.29 Oct 0.23 9.80 0.01 3.95 4.03 5.90 0.11 Major Importers 4/ Sep 25.04 19.06 127.22 121.96 147.49 0.45 23.38 Oct 25.44 18.97 127.37 121.96 147.49 0.45 23.84 China Sep 22.46 15.00 94.00 93.50 110.60 0.10 20.76 Oct 22.46 15.00 94.00 93.50 110.60 0.10 20.76 European Union Sep 1.47 2.70 15.80 16.60 18.25 0.30 1.42 Oct 1.87 2.70 15.80 16.60 18.25 0.30 1.82 Japan Sep 0.21 0.26 3.30 2.35 3.52 0.00 0.26 Oct 0.21 0.26 3.30 2.35 3.52 0.00 0.26 Mexico Sep 0.16 0.43 4.75 5.20 5.24 0.00 0.10 Oct 0.16 0.34 4.90 5.20 5.24 0.00 0.16 1/ Data based on local marketing year s except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports . Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). October 2018 WASDE - 582 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.20 225.38 60.49 221.73 64.48 12.86 United States 0.24 40.63 0.32 30.32 10.51 0.36 Total Fore ign 12.96 184.75 60.17 191.41 53.97 12.50 Major Exporters 3/ 7.07 71.76 0.05 24.55 47.09 7.24 Argentina 4.23 33.28 0.00 2.85 31.32 3.34 Brazil 2.71 31.28 0.04 16.94 13.76 3.32 India 0.13 7.20 0.01 4.75 2.01 0.58 Major Importers 4/ 2.11 16.08 36.56 52.44 0.53 1.77 European Union 0.83 11.38 18.87 30.29 0.33 0.45 Southeast Asia 5/ 1.18 2.90 16.07 18.73 0.20 1.22 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 12.86 231.34 60.23 228.57 63.87 11.99 United States 0.36 44.63 0.45 31.57 13.52 0.36 Total Foreign 12.50 186.71 59.77 197.00 50.35 11.63 Major Exporters 3/ 7.24 68.13 0.05 25.47 42.82 7.12 Argentina 3.34 28.25 0.00 3.00 25.25 3.34 Brazil 3.32 33.80 0.03 17.50 16.07 3.58 India 0.58 6.08 0.02 4.97 1.50 0.21 Major Importers 4/ 1.77 16.40 36.68 52.88 0.64 1.33 European Union 0.45 11.85 18.40 30.04 0.40 0.26 Southeast Asia 5/ 1.22 2.78 16.63 19.37 0.24 1.01 2018/19 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Sep 10.62 242.38 62.15 238.73 65.69 10.74 Oct 11.99 242.38 62.15 238.82 65.69 12.01 United States Sep 0.36 44.41 0.32 32.48 12.25 0.36 Oct 0.36 44.41 0.32 32.48 12.25 0.36 Total Foreign Sep 10.26 197.97 61.83 206.26 53.44 10.37 Oct 11.63 197.97 61.83 206.35 53.44 11.65 Major Exporters 3/ Sep 5.66 73.35 0.05 26.97 46.20 5.89 Oct 7.12 73.35 0.05 27.06 46.20 7.26 Argentina Sep 2.77 33.05 0.00 3.22 29.80 2.80 Oct 3.34 33.05 0.00 3.19 29.80 3.40 Brazil Sep 2.80 33.10 0.03 18.13 15.00 2.80 Oct 3.58 33.10 0.03 18.13 15.00 3.58 India Sep 0.10 7.20 0.02 5.62 1.40 0.29 Oct 0.21 7.20 0.02 5.74 1.40 0.28 Major Importers 4/ Sep 1.37 18.23 36.95 54.73 0.50 1.33 Oct 1.33 18.23 36.95 54.73 0.50 1.28 European Union Sep 0.30 13.11 18.50 31.34 0.30 0.27 Oct 0.26 13.11 18.50 31.34 0.30 0.23 Southeast Asia 5/ Sep 1.01 3.35 16.80 19.97 0.20 0.99 Oct 1.01 3.35 16.80 19.97 0.20 0.99 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences i n local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. October 2018 WASDE - 582 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 3.66 53.68 10.84 53.34 11.24 3.60 United States 0.77 10.04 0.15 9.01 1.16 0.78 Total Foreign 2.89 43.65 10.70 44.33 10.09 2.82 Major Exporters 3/ 0.71 18.89 0.35 11.76 7.46 0.72 Argentina 0.26 8.40 0.00 2.99 5.39 0.28 Brazil 0.29 7.76 0.06 6.57 1.24 0.29 European Union 0.16 2.74 0.29 2.21 0.83 0.15 Major Importers 4/ 1.16 17.89 5.81 23.58 0.21 1.08 China 0.52 15.77 0.71 16.35 0.12 0.54 India 0.48 1.62 3.53 5.20 0.00 0.43 North Africa 5/ 0.16 0.50 1.56 2.03 0.09 0.11 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 3.60 54.95 9.70 54.53 10.35 3.36 United States 0.78 10.79 0.16 9.62 1.11 1.00 Total Foreign 2.82 44.16 9.54 44.91 9.24 2.36 Major E xporters 3/ 0.72 18.53 0.34 12.37 6.55 0.68 Argentina 0.28 7.31 0.00 3.21 4.13 0.26 Brazil 0.29 8.37 0.06 6.94 1.52 0.27 European Union 0.15 2.85 0.28 2.23 0.90 0.15 Major Importers 4/ 1.08 18.21 5.04 23.35 0.21 0.76 China 0.54 16.13 0.45 16.55 0.14 0.43 India 0.43 1.37 3.00 4.60 0.00 0.20 North Africa 5/ 0.11 0.71 1.59 2.20 0.08 0.13 2018/19 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Sep 3.39 57.51 10.59 56.75 11.14 3.61 Oct 3.36 57.54 10.59 56.71 11.14 3.64 United States Sep 0.98 10.85 0.14 9.98 1.00 0.98 Oct 1.00 10.85 0.14 10.02 1.00 0.96 Total Foreign Sep 2.42 46.67 10.45 46.77 10.14 2.63 Oct 2.36 46.70 10.45 46.69 10.14 2.68 Major Exporters 3/ Sep 0.66 19.71 0.26 12.64 7.38 0.62 Oct 0.68 19.74 0.26 12.56 7.38 0.74 Argentina Sep 0.37 8.36 0.00 3.42 5.10 0.21 Oct 0.26 8.39 0.00 3.27 5.10 0.28 Brazil Sep 0.12 8.20 0.06 6.97 1.28 0.13 Oct 0.27 8.20 0.06 7.04 1.28 0.21 European Union Sep 0.18 3.15 0.20 2.26 1.00 0.27 Oct 0.15 3.15 0.20 2.26 1.00 0.25 Major Importers 4/ Sep 0.81 19.12 5.76 24.42 0.22 1.05 Oct 0.76 19.12 5.76 24.42 0.22 1.00 China Sep 0.43 16.76 0.70 17.30 0.13 0.46 Oct 0.43 16.76 0.70 17.30 0.13 0.46 India Sep 0.25 1.62 3.40 4.80 0.01 0.46 Oct 0.20 1.62 3.40 4.80 0.01 0.41 North Africa 5/ Sep 0.13 0.75 1.66 2.32 0.09 0.13 Oct 0.13 0.75 1.66 2.32 0.09 0.13 1/ Data based on loc al marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. October 2018 WASDE - 582 - 31 U.S. Quarterly Animal Product Produ ction 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2017 IV 6,742 6,796 13,595 10,472 1,533 12,139 25,734 2,235 53.1 Annual 26,187 25,584 51,991 41,662 5,981 48,178 100,169 8,808 215.5 2018 I 6,465 6,645 13,167 10,385 1,452 11,962 25,129 2,186 54.4 II 6,724 6,325 13,105 10,685 1,477 12,301 25,406 2,230 55.8 III 6,815 6,325 13,195 10,825 1,455 12,424 25,619 2,265 54.1 IV* 6,940 7,130 14,127 10,675 1,515 12,327 26,454 2,320 53.9 Annual Sep Proj. 27,094 26,675 53,992 42,620 5,929 49,093 103,084 8,963 217.8 Oct Proj. 26,944 26,425 53,594 42,570 5,899 49,014 102,607 9,001 218.1 2019 I* 6,685 6,895 13,636 10,575 1,475 12,177 25,813 2,240 55.1 II* 6,975 6,620 13,652 10,845 1,480 12,466 26,118 2,265 56.7 III* 7,175 6,780 14,009 11,050 1,490 12,682 26,691 2,290 54.9 Annual Sep Proj. 27,720 27,875 55,812 43,420 5,985 49,951 105,763 9,130 221.0 Oct Proj. 27,910 27,810 55,944 43,370 5,985 49,901 105,845 9,140 221.4 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature c hicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2017 IV 117.88 44.89 86.1 88.0 147.0 17.83 Annual 121.52 50.48 93.5 96.1 100.9 17.65 2018 I 125.60 49.12 95.7 79.4 179.6 15.67 II 116.72 47.91 115.1 79.6 124.4 16.10 III 110.83 43.90 93.7 80.4 120.8 16.00 -16.10 IV* 110-114 39-41 82-86 83-87 137-143 17.60 -18.00 Annual Sep P roj. 115-117 43-44 96-98 80-82 140-142 16.30 -16.50 Oct Proj. 116.29 45.23 97.1 81.1 141.2 16.35 -16.45 2019 I* 117-125 38-40 91-97 74-80 116-124 17.20 -17.90 II* 118-128 41-45 100-108 79-85 110-120 16.50 -17.50 III* 109-119 43-47 91-99 84-90 120-130 16.65 -17.65 Annual Sep Proj. 113-122 39-42 92-100 81-88 119-129 16.75 -17.75 Oct Proj. 113-122 40-43 92-99 81-88 119-129 16.85 -17.75 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Ba se, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. October 2018 WASDE - 582 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2017 757 26,250 2,993 30,000 2,860 649 26,492 56.9 2018 Proj. Sep 649 27,157 3,037 30,842 3,164 685 26,993 57.6 Oct 649 27,007 3,027 30,682 3,164 685 26,833 57.2 2019 Proj. Sep 685 27,783 3,140 31,608 3,245 690 27,673 58.6 Oct 685 27,973 3,100 31,758 3,245 690 27,823 58.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2017 507 25,598 1,116 27,221 5,632 554 21,035 50.1 2018 Proj. Sep 554 26,688 1,099 28,342 5,989 550 21,803 51.5 Oct 554 26,438 1,064 28,057 5,989 550 21,518 50.8 2019 Proj. Sep 550 27,889 1,075 29,514 6,115 585 22,814 53.6 Oct 550 27,824 1,060 29,434 6,200 585 22,649 53.1 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2017 1,304 52,078 4,361 57,744 8,497 1,246 48,000 108.2 2018 Proj. Sep 1,246 54,079 4,404 59,729 9,160 1,297 49,273 110.4 Oct 1,246 53,681 4,367 59,294 9,160 1,289 48,846 109.3 2019 Proj. Sep 1,297 55,900 4,494 61,691 9,368 1,337 50,986 113.6 Oct 1,289 56,032 4,439 61,760 9,453 1,327 50,980 113.2 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2017 778 41,21 7 126 42,120 6,791 856 34,473 90.8 2018 Proj. Sep 856 42,164 126 43,146 6,869 860 35,417 92.7 Oct 856 42,115 135 43,105 6,869 885 35,351 92.4 2019 Proj. Sep 860 42,955 129 43,944 7,045 860 36,039 93.7 Oct 885 42,906 137 43,928 7,045 870 36,013 93.4 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2017 279 5,981 25 6,284 622 310 5,352 16.4 2018 Proj. Sep 310 5,929 25 6,263 630 300 5,333 16.2 Oct 310 5,899 25 6,233 595 300 5,338 16.3 2019 Proj. Sep 300 5,985 28 6,313 640 310 5,363 16.2 Oct 300 5,985 28 6,313 585 310 5,418 16.4 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2017 1,065 47,732 154 48,950 7,544 1,170 40,236 108.5 2018 Proj. Sep 1,170 48,636 154 49,960 7,592 1,165 41,204 110.3 Oct 1,170 48,557 163 49,891 7,556 1,190 41,144 110.1 2019 Proj. Sep 1,165 49,486 161 50,812 7,801 1,177 41,834 111.3 Oct 1,190 49,436 169 50,795 7,746 1,187 41,862 111.1 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2017 2,369 99,810 4,515 106,694 16,041 2,416 88,237 216.8 2018 Proj. Sep 2,416 102,715 4,558 109,690 16,751 2,462 90,476 220.7 Oct 2,416 102,239 4,530 109,185 16,716 2,479 89,990 219.4 2019 Proj. Sep 2,462 105,385 4,655 112,502 17,169 2,514 92,819 224.8 Oct 2,479 105,468 4,608 112,555 17,199 2,514 92,842 224.3 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis fo r red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready -to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and matu re chicken. October 2018 WASDE - 582 - 33 U.S. Egg Supply and Use Commodity 2016 2017 2018 Proj. 2018 Proj. 2019 Proj. 2019 Proj. Sep Oct Sep Oct Eggs Million Dozen Supply Beginning Stocks 73.6 142.2 87.5 87.5 75.0 75.0 Production 8,578.7 8,807.8 8,962.6 9,000.6 9,130.0 9,140.0 Imports 129.5 34.2 22.1 22.1 27.0 27.0 Total Supply 8,781.8 8,984.1 9,072.2 9,110.2 9,232.0 9,242.0 Use Exports 304.2 354.9 336.4 336.4 340.0 340.0 Hatching Use 1,009.6 1,034.9 1,065.4 1,060.4 1,085.0 1,085.0 Ending Stocks 142.2 87.5 75.0 75.0 80.0 80.0 Disappearance Total 7,325.8 7,506.9 7,595.4 7,638.4 7,727.0 7,737.0 Per Capita (number) 271.6 276.3 277.7 279.0 280.7 280.3 Total U.S. Milk Supply and Use Commodity 2016 2017 2018 Proj. 2018 Proj. 2019 Proj. 2019 Proj. Sep Oct Sep Oct Milk Billion Pounds Production 212.4 215.5 217.8 218.1 221.0 221.4 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 12.3 12.7 13.4 13.4 13.5 13.5 Marketings 211.4 214.5 216.8 217.1 220.0 220.4 Imports 6.9 6.0 6.2 6.3 6.0 6.3 Total Cml. Supply 230.7 233.2 236.5 236.8 239.5 240.1 Fat Basis Use Commercial Exports 8.4 9.2 10.3 10.5 9.8 9.8 Ending Commercial Stocks 12.7 13.4 13.5 13.5 12.5 12.5 CCC Donations 0.0 0.0 0.0 0.0 0.3 0.3 Domestic Commercial Use 209.6 210.5 212.6 212.9 216.9 217.5 Skim -solid Basis Su pply Beg. Commercial Stocks 9.2 9.5 11.8 11.8 11.0 10.8 Marketings 211.4 214.5 216.8 217.1 220.0 220.4 Imports 6.5 6.1 5.7 5.6 5.6 5.5 Total Cml. Supply 227.1 230.1 234.3 234.5 236.5 236.7 Skim -solid Basis Use Commercial Exports 39.1 40.7 44.7 45.1 44.1 44.1 Ending Commercial Stocks 9.5 11.8 11.0 10.8 10.8 10.8 CCC Donations 0.0 0.0 0.0 0.0 0.2 0.2 Domestic Commercial Use 178.5 177.6 178.6 178.6 181.5 181.6 Total Note: Totals may not add due to rounding. October 2018 WASDE - 582 - 34 U.S. Dairy Prices Commodity 2016 2017 2018 Proj. 2018 Proj. 2019 Proj. 2019 Proj. Sep Oct Sep Oct Product Prices 1/ Dollars Per Pound Cheese 1.6050 1.6344 1.570 - 1.590 1.570 - 1.580 1.590 - 1.690 1.575 - 1.665 Butter 2.0777 2.3303 2.220 - 2.260 2.245 - 2.275 2.205 - 2.335 2.215 - 2.335 Nonfat Dry Milk 0.8292 0.8666 0.785 - 0.805 0.785 - 0.805 0.825 - 0.895 0.825 - 0.895 Dry Whey 0.2875 0.4437 0.320 - 0.340 0.330 - 0.340 0.350 - 0.380 0.385 - 0.415 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 14.87 16.17 14.85 - 15.05 14.85 - 14.95 15.20 - 16.20 15.30 - 16.20 Class IV 13.77 15.16 14.00 - 14.30 14.15 - 14.35 14.30 - 15.40 14.35 - 15.35 All Milk 3/ 16.30 17.65 16.30 - 16.50 16.35 - 16.45 16.75 - 17.75 16.85 - 17.75 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order mi lk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . October 2018 WASDE - 582 - 35 Reliability of October Projections 1/ Note: Tables on pages 35 -37 present a record of the October projection and the final Estimate. Using world wheat production as an example, the "root m ean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by mo re than 1.7 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 2.9 percent. The averag e difference between the October projection and the final estimate is 7.5 million tons, ranging from 1.2 million to 26.7 million tons. The October projection has been below the estima te 27 times and above 9 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 1.7 2.9 7.5 1.2 26.7 27 9 U.S. 0.5 0.8 0.2 0.0 1.2 12 16 Foreign 1.9 3.2 7.5 1.4 26.8 27 9 Exports World 5.7 9.6 5.8 0.0 19.3 28 7 U.S. 8.4 14.2 2.3 0.3 10.0 16 20 Foreign 6.8 11.5 5.5 0.5 17.3 30 6 Domestic Use World 1.5 2.5 6.4 0.5 22.7 21 15 U.S. 6.1 10.4 1.6 0.1 3.6 10 26 Foreign 1.5 2.6 6.4 0.2 20.3 22 14 Ending Stocks World 8.0 13.6 9.7 0.6 32.5 28 8 U.S. 11.6 19.7 2.2 0.0 6.8 21 15 Foreign 8.5 14.5 8.2 0.0 29.3 28 8 COARSE GRAINS 2/ Production World 1.9 3.1 14.7 0.8 49.7 28 8 U.S. 2.7 4.6 4.5 0.1 17.9 22 14 Foreign 2.4 4.0 13.8 0.6 47.0 29 7 Exports World 7.4 12.5 7.3 0.1 28.9 24 12 U.S. 15.6 26.5 6.8 0.7 19.3 17 19 Foreign 13.1 22.2 7.2 0.6 21.4 23 13 Domestic Use World 1.6 2.6 12.1 0.2 42.4 23 13 U.S. 3.6 6.2 5.4 0.0 17.0 19 17 Foreign 1.7 2.9 10.3 0.0 42.1 24 12 Ending Stocks World 11.5 19.6 14.5 0.2 41.2 28 8 U.S. 22.2 37.6 8.6 0.5 29.1 19 17 Foreign 14.7 24.9 12.4 0.7 44.4 31 5 RICE, milled Production World 2.3 3.9 6.2 0.0 20.9 28 7 U.S. 3.3 5.6 0.2 0.0 0.5 20 16 Foreign 2.3 4.0 6.3 0.1 21.0 28 8 Exports World 9.3 15.7 1.6 0.1 6.3 27 9 U.S. 10.5 17.8 0.2 0.0 0.8 19 15 Foreign 10.6 18.0 1.6 0.0 6.3 27 9 Domestic Use World 1.9 3.2 4.4 0.3 20.3 28 8 U.S. 7.8 13.2 0.2 0.0 0.6 17 18 Foreign 1.9 3.2 4.4 0.1 20.7 28 8 Ending Stocks World 11.4 19.3 5.2 0.2 24.4 28 8 U.S. 23.9 40.5 0.2 0.0 0.8 19 16 Foreign 11.9 20.3 5.3 0.1 24.2 29 7 1/ Footnotes at end of table. CONTINUED October 2018 WASDE - 582 - 36 Reliability of October Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 4.5 7.6 6.7 0.1 28.7 19 17 U.S. 2.8 4.8 1.5 0.0 3.8 16 20 Foreign 7.3 12.3 6.7 0.0 28.1 18 18 Exports World 7.6 12.9 3.5 0.3 13.0 23 13 U.S. 11.3 19.1 2.6 0.1 7.5 23 13 Foreign 18.2 30.8 2.9 0.1 11.4 17 19 Domestic Use World 3.1 5.3 4.3 0.0 14.0 22 14 U.S. 3.9 6.6 1.4 0.0 4.5 23 12 Foreign 3.9 6.6 4.1 0.1 11.0 23 13 Ending Stocks World 17.8 30.2 5.1 0.3 18.6 20 16 U.S. 44.1 74.9 2.2 0.0 6.6 6 30 Foreign 19.5 33.1 4.5 0.3 19.9 20 16 COTTON Million 480 -Pound Bales Production World 4.6 7.7 2.9 0.0 10.9 20 15 U.S. 4.5 7.6 0.6 0.0 1.7 22 14 Foreign 5.2 8.9 2.7 0.0 10.5 19 16 Exports World 7.8 13.2 2.0 0.1 8.5 22 14 U.S. 17.9 30.5 1.1 0.1 3.1 22 14 Foreign 10.6 17.9 1.5 0.1 8.3 18 18 Domestic Use World 3.8 6.5 2.9 0.1 11.7 17 19 U.S. 7.6 13.0 0.3 0.0 1.2 18 17 Foreign 3.9 6.6 2.9 0.0 10.9 17 19 Ending Stocks World 13.4 22.8 4.8 0.0 15.1 21 14 U.S. 33.0 56.0 1.2 0.0 4.3 10 25 Foreign 14.4 24.5 4.5 0.2 15.6 25 11 1/ Marketing years 1981/82 through 2017/18 for grains, soybeans and cotton. Final for grains, soybeans and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2016/17, and for 2017/18 the last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. October 2018 WASDE - 582 - 37 Reliability of United States October Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 2.8 4.8 176 5 618 21 15 Exports 16.2 27.5 244 12 700 17 19 Domestic Use 3.9 6.7 217 5 558 21 15 Ending Stocks 25.0 42.5 319 18 1,187 19 17 SORGHUM Production 4.9 8.2 19 0 71 21 14 Exports 22.0 37.4 38 1 130 20 16 Domestic Use 19.1 32.5 37 0 125 17 18 Ending Stocks 48.7 82.6 30 0 142 12 23 BARLEY Production 1.5 2.5 4 0 24 9 15 Exports 53.9 91.5 12 0 38 15 17 Domestic Use 7.8 13.2 18 0 70 12 23 Ending Stocks 13.9 23.6 14 1 56 24 12 OATS Production 2.5 4.3 2 0 18 6 11 Exports 92.7 157.3 1 0 8 9 12 Domestic Use 5.4 9.2 11 0 39 13 22 Ending Stocks 23.5 39.8 16 1 47 25 11 SOYBEAN MEAL Thousand Short Tons Production 3.7 6.3 1,118 123 2,815 25 11 Exports 11.9 20.2 772 0 2,200 20 15 Domestic Use 3.5 6.0 781 45 2,650 20 16 Ending Stocks 33.0 56.0 50 0 198 14 15 SOYBEAN OIL Million Pounds Production 3.9 6.5 521 1 1,473 26 10 Exports 30.1 51.2 378 25 1,525 21 15 Domestic Use 3.9 6.6 436 20 1,928 24 12 Ending Stocks 26.5 45.0 399 35 1,327 18 18 ANIMAL PROD. Million Pounds Beef 3.9 6.7 778 18 2,461 23 12 Pork 3.2 5.5 408 2 1,592 19 16 Broilers 1.9 3.2 435 23 1,337 21 14 Turkeys 3.7 6.3 142 2 444 19 16 Million Dozen Eggs 1.8 3.1 99 4 468 23 12 Billion Pounds Milk 1.5 2.6 1.7 0.0 6.8 18 13 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2017/18 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2016/17, and for 2017/18 the last month’s estimate. Calendar years 1982 through 2017 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2017. WASDE -582-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Dema nd Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data f or grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report ar e provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equ ivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 WASDE Notification System Subscrib ers are notified through GovDelivery when the monthly World Agricultural Supply and Demand Estimates (WASDE) report is available. Previous WASDE reports are available at http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1194 For questions contact: Mirvat Sewadeh at 202 -720-5447 or [email protected] World Agricultural Supply and Demand Estim ates WASDE -582 – October 11, 2018 WASDE Briefing Slides : The briefing slides which accompany today’s WASDE report will be available at http://www.usda.gov/oce/commodity/wasde/ Electronic Subsc riptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e -mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu. Select the “Reports by E- Mail” bar to sign up. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 592 Approved by the World Agricultura l Outlook Board September 12, 2019 WHEAT: The 2019/20 U.S. wheat supply and demand outlook is unchanged this month but there were offsetting by -class changes for wheat exports. The projected season- average farm price is $4.80 per bushel, down $0.20 on NASS monthly prices reported to date and expectations for cash and futures prices for the remainder of the marketing year (MY). Global wheat prices are expected to be restrained for the rest of the MY on greater 2019/20 exportable supplies for several major U.S. competitors compared to last year. The global outlook for wheat this month is for lower supplies, reduced consumption and exports, and higher ending stocks. Supplies are reduced primarily on lower produ ction forecasts for Australia and Kazakhstan on continued dry conditions. Australia’ s production is lowered 2 million tons to 19.0 million, mainly on the second consecutive year of drought in New South Wales and Queensland. Kazakhstan ’s wheat production is lowered 1.5 million tons to 11.5 million on further deteriorating conditions , and this would be its lowest output since 2012/13. This reduction in global production is tempered by higher carry -in stocks, which results in global supplies less than 1 million tons lower this month. World exports are decreased by 1.8 million tons to 180.8 million on reductions for Australia and Kazakhstan. Global consumption is lowered 1.9 million tons, led by declines for Indonesia, Russia, Uzbekistan, and Ukraine. Despite a reduction this month in global supplies, 2019/20 ending stocks are projected record large at 286.5 million tons with China comprising 51 percent of the total. COARSE GRAINS: This month’s 2019/20 U.S. corn outlook is for reduced production, lower corn used for ethanol, and slightly higher ending stocks. Corn production is forecast at 13.799 billion bushels, down 102 million from last month on a lower yield forecast. Corn supplies are down from last month, as a smaller crop more than offsets larger beginning stocks due to lower estimated exports and corn used for ethanol for 2018/19. Corn used for ethanol for 2019/20 is lowered 25 million bushels. With use falling more than supply, corn ending stocks are up 9 million bushels from last month. The season- average corn price received by producers is unchanged at $3.60 per bushel. This month’s 2019/20 foreign coarse grain outlook is for virtually unchanged production, with fractionally lower trade and stocks relative to last month. Ukraine corn product ion is lowered, as dry conditions during the month of August reduce yield prospects for filling corn. EU corn production is unchanged, as reductions for France and Germany offset increases for Bulgaria and Romania. Barley production is raised for Russia, Ukraine, the EU, and Kazakhstan, but lowered for Australia and Canada. Major global coarse grain trade changes for 2019/20 include barley export increases for Ukraine, Kazakhstan, and Russia, with a partly offsetting reduction for Australia. For 2018/1 9, corn exports for Brazil are raised for the local marketing year beginning March WASDE -592-2 2019, based on record large shipments during the month of August. Foreign corn ending stocks for 2019/20 are lower relative to last month, mostly reflecting declines for Brazil, Ukrain e, Mexico, Paraguay, and Chile. RICE : The outlook for 2019/20 U.S. rice this month is for much lower supplies, reduced domestic use and exports, and lower ending stocks. The August 23 NASS Rice Stocks report indicated lower 2018/19 ending stocks than previously estimated, thereby reducing 2019/20 beginning stocks by 5.7 million cwt. In the September Crop Production report, NASS reduced the 2019/20 crop by 18.1 million cwt to 187.3 million on lower harvested area and yields. NASS incorporated FSA certified acreage data this month, and all rice planted area is lowered by 216,000 acres, the result of excessive precipitation at planting time espec ially in the upper Mississippi R iver Delta. Long- grain planted area is lowered 278,000 acres while combined medium - and short -grain area is up 62,000 acres. The average all rice yield is down 14 pounds per acre to 7,563 pounds. Long- grain production is cut 22.4 million cwt and combined medium - and short -grain production is raised 4.4 million. All rice supplies are lowered 23.4 million cwt to 261.8 million, which is 7 percent below last year. Domestic and residual use and exports are each lowered 6.0 million cwt on the lower supplies. All rice ending stocks are lowered 11.4 million cwt to 35.8 million and the season- average farm price is raised $1.00 per cwt to $13.20. Global 2019/20 supplies are lowered 3.1 million tons, led by a 3.0- million -ton crop reduction for India and a 0.6- million -ton reduction for the United States. Beginning stocks are raised 0.5 mi llion tons. World 2019/20 exports are lowered 1.5 million tons with India down 0.8 million tons on the smaller crop and Thailand down 0.5 million tons on a slow pace and lack of price competitiveness in international markets. Global consumption is cut 1.2 million tons, and world ending stocks are lowered 1.9 million tons to 172.7 million, but both remain record large. OILSEEDS : U.S. oilseed production for 2019/20 is projected at 110.2 million tons, down 1.3 million from last month with lower soybean and cottonseed production partly offset by a higher peanut forecast. Soybean production is projected at 3.6 billion bushels, down 47 million on a lower yield forecast of 47.9 bushels per acre. Soybean supplies are reduced 2 percent on lower production and beginning stocks. With soybean crush and exports unchanged, ending stocks are projected at 640 million bushels, down 115 million from last month. The U.S. season- average soybean price for 2019/20 is forecast at $8.50 per bushel, up 10 cents. The soybean meal price is projected at $305 per short ton, up $5.00. The soybean oil price forecast is unchanged at 29.5 cents per pound. Changes for 2018/19 include higher U.S. soybean exports, higher crush, and lower ending stocks. Exports are increased 45 million bushels based on official trade data through July and indications from August export inspections, which were record high for the month. With crush raised 20 million bushels, ending stocks for 2018/19 are projected at 1.0 billion bushels, down 65 mill ion. This month ’s 2019/20 global oilseed outlook includes lower production, increased trade, and reduced stocks relative to last month. Global rapeseed production is at a 3- year low, mainly reflecting lower production for the EU on both area and yield. Australia ’s production is also WASDE -592-3 lowered this month due to dry weather conditions in New South Wales and Queensland. Soybean production is down slightly this month as lower U.S. production is mostly offset by higher output for India, Canada, and China. Major global oilseed export changes for 2019/20 include higher rapeseed and soybean exports for Canada. For 2018/19, soybean exports for Brazil are lowered based on lower - than- expected shipments during the past few months. However, higher -than- expected exports by Argentina and the United States, particularly to China, are offsetting . Global soybean ending stocks for 2019/20 are lower as reduced stocks for Argentina and the United States are partly offset by higher stocks for Brazil, Iran, and India. SUGA R: Beet sugar production for 2019/20 is projected at 5.005 million short tons, raw value (STRV), down 174,315 on reductions in NASS sugarbeet yield forecasts in Crop Production. The national sugarbeet yield is down 3.5 percent from August with reductions in all major producing regions. Beet sugar production for 2018/19 is decreased by 51,144 STRV to 4.957 million on processors ’ preliminary final crop year reporting that lowered estimated crop year sucrose recovery from sliced beets and lowered production from desugared molasses. Raw sugar TRQ imports for the 2018/19 quota year eligible for entry until October 15 are forecast lower by 27,558 STRV, implying an increased shortfall estimate of 55,116 STRV. The reduction is expected to lower TRQ imports ent ering before September 30 by 22,046 STRV and imports in October by 5,512 STRV. Re-export imports for 2018/19 are estimated 20,000 STRV higher based on pace to date, largely offsetting the TRQ reduction. For 2019/20, imports from Mexico are projected at 1.118 million STRV, an increase of 149,375. Deliveries for human consumption for 2018/19 are decreased by 25,000 STRV to 12.175 million based on a slower -than-expected pace. Corresponding deliveries for 2019/20 are decreased in line by the same amount. Ending stocks for 2018/19 are estimated at 1.747 million STRV for a stocks -to-use ratio of 14.16 percent. Ending stocks for 2019/20 are projected at 1.666 million STRV for a stocks -to-use ratio of 13.50 percent. Mexico sugar production for 2019/20 is proj ected at 6.200 million metric tons, actual weight (MT), a reduction of 48,000 based on reports of drought in several producing areas. With no changes to imports, deliveries, or ending stocks, the change in exports for 2019/20 match the 48,000 MT decrease in production. Exports to the United States are projected at 956,738 MT, equal to the expected level of U.S. Needs as defined in the amended Suspension Agreements. Exports to non- U.S. destinations are projected residually at 537,091 MT. LIVESTOCK, POULT RY, AND DAIRY : The forecast for 2019 total red meat and poultry production is lowered from last month as reduced beef, pork, and turkey production forecasts more than offset higher broiler production. Beef production is reduced from the previous month primarily on slower expected pace of fed cattle slaughter and lighter carcass weights in the fourth quarter . The pork production forecast is reduced on the current rate of slaughter in the third quarter and slightly lighter carcass weights. USDA ’s Quarterly Hogs and Pigs report will be released on September 27 and provide information on producer farrowing intentions into early 2020. The turkey forecast is reduced on lower expected third - and fourth - quarter production. The broiler production forecast is raised on recent production data and WASDE -592-4 continued growth in average bird weights for the remainder of the year . The 2019 egg production forecast is raised slightly on hatchery flock data. For 2020 , the total red meat and poultry forecast is raised from the previous month on higher expected beef and broiler production. Beef production is raised from last month as higher expected first-half 2020 marketings support higher fed cattle slaughter in 2020. First-half carcass weights are also expected to support increased beef production. The broiler production forecast is raised from the previous month on expectations of a higher proportion of heavy bird weights . Pork, turkey, and egg production forecasts are unchanged from the previous mont h. Beef import and export forecasts for 2019 are reduced, reflecting recent trade data; however, no changes are made to the forecasts for 2020. The 2019 and 2020 pork export forecasts are raised from the previous month on recent trade data and expe ctations of continued strong global demand for U.S. pork products. The 2019 broiler export forecast is adjusted higher reflecting recent trade data, but no change is made to the 2020 export forecast. N o changes are made to the 2019 and 2020 turkey trade forecasts. The cattle price forecast for 2019 is lowered on current prices and expectations of continued price weakness ; the 2020 forecast is also reduced. Hog price forecasts are reduced slightly for 2019 and first -half 2020. The 2019 broiler price forecast is raised on recent price strength , but no change is made to 2020 price forecasts . Turkey price forecasts are unchanged for both 2019 and 2020. The 201 9 and 2020 egg price forecast s are raised from last month on strong demand that is expected to carry into the next year. The m ilk production forecast for 2019 is raised as stronger growth in milk per cow more than offsets forecast lower cow numbers. For 2020, the milk production forecast is reduced from the previous month on slower expected growth in dairy cow numbers ; however this is partly offset by slightly higher forecast milk per cow . The 2019 and 2020 fat basis import forecast s are lowered on recent trade data and expectations o f slower butterfat import s. Fat basis export forecasts for 2019 and 2020 are reduced from last month on weake r expected global demand for U.S. butterfat products. The 2019 skim- solids basis import forecast is raised from the previous month on higher -than- expected imports of milk protein concentrates and a number of other dairy products . This strength is expected to carry over into 2020 and the 2020 skim- solids basis import forecast is raised. The s kim-solids basis export forecast for 2019 is re duced from last month on weakness in a number of dairy products , but the 2020 skim- solids basis export forecast is raised primarily on expected strong global demand for lactose. For 2019 and 2020, cheese , nonfat dry milk (NDM), and whey prices are raised from the previous month, but the price forecast for butter is reduced. The 2019 and 2020 the Class III price forecasts are raised from last month on higher cheese and whey prices. T he 2019 and 2020 Class IV price forecasts are lowered from the previous month as lower forecast butter prices more than offset higher NDM prices . The 2019 all milk price is forecast raised to $18.35 per cwt , and the all milk price forecast for 2020 is raised to $18.85 per cwt. COTTON : The 2019/20 U.S. cotton estimates include lower beginning stocks, production, exports, and consumption, while ending stocks are unchanged. Beginning stocks are reduced 400,000 bales this month, reflecting 2018/19 reported ending stocks data from the WASDE -592-5 Farm Service Agency and the NASS Cotton System Consumption and Stocks report. Production is lowered 654,000 bales to 21.9 million, largely due to a decline for the Southwest, while consumption is lowered 100,000 bales reflecting recent activity. Exports are projected 700,000 bales lower due to reduced U.S. production and a lower projected U.S. share of world trade. The 2019/20 season- average price for upland cotton is forecast at 58 cents per pound, down 2 cents from last month. In both the 2017/18 and 2018/19 U.S. cotton balance sheets, the estimate for unaccounted cotton is revised downwards and exports are revised upwards. The unaccounted element of the U.S. cotton balance sheet has been growing in recent years, indicating an imbalance in the sum of the other components. The estimates for production, consumption, and stocks have maintained their consistency over this time, but a growing difference has occurred between the sources available for estimating U.S. exports. For 2017/18, exports are raised 432,000 bales, and unaccounted is reduced 332,000 bales. For 2018/19, exports are raised 546,000 bales, and unaccounted is 546,000 bales lower than the result based on the methodology used in past years. In each marketing year, revised exports are estimated as the average of the export levels reported by the Bureau of the Census and USDA ’s Export Sales Reporting System. See the Foreign Agricultural Service ’s Cotton: World Markets and Trade for more details on the export change and the Economic Research Service ’s Cotton and Wool Outlook for a detailed explanation of the stocks calculation. The 2019/20 world estimates this month show higher beginning stocks, but lower production, consumption, and world trade. Production is forecast 709,000 bales lower as reductions for the United States and Australia offset an increase for India. Consumption is forecast 1.3 million bales lower than in August, with lower estimates for China, India, Brazil, Thail and, Vietnam, and the United States offsetting an increase for Turkey. World trade is lower as lower imports are forecast for China, Vietnam, and Thailand. World ending stocks for 2019/20 are forecast 1.3 million bales higher this month, at 83.7 million bales, 2.9 million bales above the revised 2018/19 estimate. Approved by the Secretary of Agriculture and t he Acting Chairman of the World Agricultural Outlook Board, Mark Jekanowski , (202) 720- 6030. This report was prepared by the Interagency Commodit y Estimates Committees. APPROVED BY : SONNY PERDUE SECRETARY OF AGRICULTURE WASDE -592-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers, ICEC Chair, WAOB, william. chambers [email protected] Jennifer Bond, ERS; Andrew Sowel l, FAS; Pete Riley, FPAC. Rice: William Chambers, ICEC Chair, WAOB, william. chambers [email protected] Nathan Childs, ERS; Rachel Trego, FAS; Vidalina Abadam , FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, michael. jewison [email protected] Tom Capehart, ERS; Yoonhee Macke, FAS; Erik Dohlman, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, keith. [email protected] Mark Ash, ERS; Bill George, FAS; Sherrie Grimm , FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, stephen.macdonald3 @usda.gov Leslie Meyer, ERS; Jame s Johnson, FAS; Erik Dohlman, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Michael McConnell, ERS; Ron Lord, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Lindsay Kuberka, FAS; Ryan Pfirrmann- Powell, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Kim Ha, ERS; Claire Mezoughem, FAS; Ryan Pfirrmann- Powell , FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Ryan Pfirrmann- Powell , FPAC. In 2019, the WASDE report will be released on Oct 10, Nov 8, and Dec 10 WASDE -592-7 T A B L E OF C O N T E N T S Page Highlights ................................................................................................................. 1 Interagency Commodity E stimates Committees ...................................................... 6 World & U.S. Supply & Use for Grains .................................................................... 8 World & U.S. Supply & Use for Cotton .................................................................... 9 World & U.S. Supply & Use for Oilseeds ............................................................... 10 U.S. Wheat Supply & Use ...................................................................................... 11 U.S. Wheat Supply & Use by Class ....................................................................... 11 U.S. Feed Grain & Corn Supply & Use .................................................................. 12 U.S. Sorghum , Barley & Oats Supply & Use ......................................................... 13 U.S. Rice Supply & Use ......................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................. 15 U.S. Sugar Supply & Use ...................................................................................... 16 Mexico Sugar Supply and Use .............................................................................. 16 U.S. Cotton Supply & Use ..................................................................................... 17 World Wheat Supply & Use ................................................................................... 18 World Coarse Grains Supply & Use ...................................................................... 20 World Corn Supply & Use ...................................................................................... 22 World Rice Supply & Use ...................................................................................... 24 World Cotton Supply & Use ................................................................................... 26 World Soybean Supply & Use ............................................................................... 28 World Soybean Meal Supply & Use ....................................................................... 29 World Soybean Oil Supply & Use .......................................................................... 30 U.S. Quarterly Animal Product Production ............................................................ 31 U.S. Quarterly Prices for Animal Products ............................................................. 31 U.S. Meats Supply and Use ................................................................................... 32 U.S. Egg Supply & Use .......................................................................................... 33 U.S. Milk Supply and Use ...................................................................................... 33 U.S. Dairy Prices ................................................................................................... 34 Reliability Tables ................................................................................................... 35 Related USDA Reports .......................................................................................... 38 Metric Conversion Factors ..................................................................................... 38 Electronic Access and Subscriptions ...................................................................... 40 September 2019 WASDE - 592 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2017/18 2615.99 3412.52 414.89 2599.61 812.91 2018/19 (Est.) 2625.04 3437.95 425.43 2632.98 804.97 filler filler filler filler filler 2019/20 (Proj.) Aug 2664.78 3466.57 434.01 2670.19 796.39 2019/20 (Proj.) Sep 2656.19 3461.16 430.59 2665.77 795.40 filler filler filler filler filler Wheat 2017/18 762.26 1024 .41 182.09 742.56 281.85 2018/19 (Est.) 730.84 1012.69 172.66 735.45 277.24 filler filler filler filler filler 2019/20 (Proj.) Aug 768.07 1043.56 182.63 758.16 285.40 2019/20 (Proj.) Sep 765.53 1042.77 180.83 756.26 286.51 filler filler filler filler filler Coarse Grains 5/ 2017/18 1358.87 1743.63 185.67 1374.82 368.81 2018/19 (Est.) 1395.25 1764.06 207.67 1408.13 355.94 filler filler filler filler filler 2019/20 (Proj.) Aug 1398.85 1753.85 204.74 1417.53 336.33 2019/20 (Pro j.) Sep 1396.44 1752.38 204.64 1416.22 336.16 filler filler filler filler filler Rice, milled 2017/18 494.86 644.48 47.13 482.23 162.25 2018/19 (Est.) 498.95 661.20 45.11 489.40 171.80 filler filler filler filler filler 2019/20 (Proj.) Aug 497.86 669.16 46.64 494.50 174.66 2019/20 (Proj.) Sep 494.22 666.02 45.12 493.29 172.73 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2017/18 437.43 541.29 94.57 357.95 88.76 2018/19 (Est.) 438.33 534.24 83.20 354.50 96.54 filler filler filler filler filler 2019/20 (Proj.) Aug 427.35 530.33 84.45 357.43 88.44 2019/20 (Proj.) Sep 424.14 528.81 84.26 356.44 88.11 filler filler filler filler filler Wheat 2017/18 47.38 83.81 24.66 29.25 29.91 2018/19 (Est.) 51.29 84.87 25.48 30.22 29.18 filler filler filler filler filler 2019/20 (Proj.) Aug 53.89 86.74 26.54 32.60 27.60 2019/20 (Proj.) Sep 53.89 86.74 26.54 32.60 27.60 filler filler filler filler filler Coarse Grains 5/ 2017/18 384.39 449.48 67.16 324.41 57.92 2018/19 (Est.) 379.92 440.40 54.75 319.71 65.94 filler filler filler filler filler 2019/20 (Proj.) Aug 366.93 434.53 54.71 320.48 59.34 2019/20 (Proj.) Sep 364.30 433.76 54.71 319.67 59.37 filler filler filler filler filler Rice, milled 2017/18 5.66 8.00 2.76 4.30 0.93 2018/19 (Est.) 7.12 8.97 2.97 4.58 1.42 filler filler filler filler filler 2019/20 (Proj.) Aug 6.52 9.06 3.21 4.35 1.50 2019/20 (Proj.) Sep 5.95 8.31 3.02 4.16 1.14 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). September 2019 WASDE - 592 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2017/18 2,178.57 2,871.23 320.31 2,241.66 724.15 2018/19 (Est.) 2,186.71 2,903.70 342.24 2,278.47 708.43 filler filler filler filler filler 2019/20 (Proj.) Aug 2,237.44 2,936.25 349.56 2,312.75 707.95 2019/20 (Proj.) Sep 2,232.05 2,932.35 346.33 2,309.33 707.28 filler filler filler filler filler Wheat 2017/18 714.88 940.60 157.43 713.31 251.95 2018/19 (Est.) 679.55 927.82 147.18 705.24 248.06 filler filler filler filler filler 2019/20 (Proj.) Aug 714.18 956.82 156.10 725.56 257.80 2019/20 (Proj.) Sep 711.64 956.02 154.30 723.65 258.91 filler filler filler filler filler Coarse Grains 5/ 2017/18 974.49 1,294.15 118.52 1,050.42 310.89 2018/19 (Est.) 1,015.33 1,323.66 152.92 1,088.42 289.99 filler filler filler filler filler 2019/20 (Proj.) Aug 1,031.92 1,319.32 150.03 1,097.05 276.99 2019/20 (Proj.) Sep 1,032.15 1,318.62 149.93 1,096.55 276.79 filler filler filler filler filler Rice, milled 2017/18 489.20 636.48 44.36 477.93 161.31 2018/19 (Est.) 491.83 652.22 42.14 484.82 170.38 filler filler filler filler filler 2019/20 (Proj.) Aug 491.34 660.10 43.43 490.15 173.16 2019/20 (Proj.) Sep 488.27 657.71 42.10 489.13 171.59 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See indivi dual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Suppl y and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2017/18 123.78 204.10 41.39 122.79 80.96 2018/19 (Est.) 119.05 200.01 41.15 120.44 80.80 filler filler filler filler filler 2019/20 (Proj.) Aug 125.61 205.88 43.85 123.07 82.45 2019/20 (Proj.) Sep 124.90 205.70 43.34 121.74 83.75 filler filler filler filler filler United States 2017/18 20.92 23.68 16.28 3.23 4.20 2018/19 (Est.) 18.37 22.57 14.76 2.98 4.85 filler filler filler filler filler 2019/20 (Proj.) Aug 22.52 27.77 17.20 3.10 7.20 2019/20 (Proj.) Sep 21.86 26.72 16.50 3.00 7.20 filler filler filler filler filler Foreign 4/ 2017/18 102.86 180.42 25.11 119.56 76.76 2018/19 (Est.) 100.68 177.44 26.38 117.47 75.95 filler filler filler filler filler 2019/20 (Proj.) Aug 103.09 178.11 26.65 119.97 75.25 2019/20 (Proj.) Sep 103.04 178.98 26.84 118.74 76.55 filler filler filler filler filler 1/ Marketing year beginning Aug ust 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. September 2019 WASDE - 592 - 10 World a nd U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2017/18 580.78 690.45 176.32 484.37 116.29 2018/19 (Est.) 600.74 717.03 170.45 491.40 130.60 filler filler filler filler filler 2019/20 (Proj.) Aug 580.86 714.72 171.99 501.47 119.17 2019/20 (Proj.) Sep 579.48 710.08 172.54 500.60 114.35 filler filler filler filler filler Oilmeals 2017/18 331.43 348.14 88.15 328.73 16.13 2018/19 (Est.) 334.55 350.68 93.20 332.31 14.95 filler filler filler filler filler 2019/20 (Proj.) Aug 341.94 357.04 94.76 338.69 14.76 2019/20 (Proj.) Sep 341.09 356.04 94.61 338.71 14.94 filler filler filler filler filler Vegetable Oils 2017/18 198.65 219.25 79.65 192.30 22.19 2018/19 (Est.) 203.69 225.88 85.20 199.80 21.76 filler filler filler filler filler 2019/20 (Proj.) Aug 208.25 230.03 87.94 204.69 20.70 2019/20 (Proj.) Sep 208.02 229.77 87.89 204.88 20.78 filler filler filler filler filler United States Output Tota l Supply Tra de Tota l Use 2/ Ending Stocks Oilseeds 2017/18 131.48 142.50 59.31 60.17 13.83 2018/19 (Est.) 133.85 148.87 48.63 60.86 29.19 filler filler filler filler filler 2019/20 (Proj.) Aug 111.50 143.82 49.53 62.25 22.23 2019/20 (Proj.) Sep 110.18 140.77 49.53 62.18 19.18 filler filler filler filler filler Oilmeals 2017/18 47.03 51.17 13.00 37.61 0.56 2018/19 (Est.) 46.62 51.12 12.76 37.90 0.46 filler filler filler filler filler 2019/20 (Proj.) Aug 47.66 51.96 12.74 38.81 0.42 2019/20 (Proj.) Sep 47.63 51.93 12.74 38.77 0.42 filler filler filler filler filler Vegetable Oils 2017/18 12.11 18.12 1.34 15.54 1.24 2018/19 (Est.) 12.25 18.15 1.15 15.84 1.16 filler filler filler filler filler 2019/20 (Proj.) Aug 12.56 18.56 1.02 16.48 1.06 2019/20 (Proj.) Sep 12.55 18.55 1.02 16.47 1.05 filler filler filler filler filler Foreign 3/ Output Tota l Supply Tra de Tota l Use 2/ Ending Stocks Oilseeds 2017/18 449.30 547.95 117.00 424.20 102.46 2018/19 (Est.) 466.89 568.16 121.82 430.54 101.41 filler filler filler filler filler 2019/20 (Proj.) Aug 469.37 570.90 122.45 439.22 96.94 2019/20 (Proj.) Sep 469.30 569.31 123.00 438.42 95.17 filler filler filler filler filler Oilmeals 2017/18 284.41 296.97 75.15 291.12 15.57 2018/19 (Est.) 287.93 299.56 80.44 294.41 14.49 filler filler filler filler filler 2019/20 (Proj.) Aug 294.28 305.08 82.02 299.88 14.34 2019/20 (Proj.) Sep 293.46 304.12 81.87 299.94 14.52 filler filler filler filler filler Vegetable Oils 2017/18 186.54 201.12 78.31 176.75 20.95 2018/19 (Est.) 191.44 207.73 84.05 183.96 20.60 filler filler filler filler filler 2019/20 (Proj.) Aug 195.69 211.47 86.92 188.22 19.64 2019/20 (Proj.) Sep 195.46 211.23 86.86 188.41 19.73 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreig n is equal to World minus United States. September 2019 WASDE - 592 - 11 U.S. Wheat Supply and Use 1/ 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Aug Sep Million Acres Area Planted 46.1 47.8 45.6 45.6 Area Harvested 37.6 39.6 38.4 38.4 Bushels Yield per Harvested Acre 46.4 47.6 51.6 51.6 Million Bushels Beginning Stocks 1,181 1,099 1,072 1,072 Production 1,741 1,884 1,980 1,980 Imports 158 135 135 135 Supply, Total 3,080 3,118 3,187 3,187 Food 964 955 960 960 Seed 63 60 68 68 Feed and Residual 47 96 170 170 Domestic, Total 1,075 1,110 1,198 1,198 Exports 906 936 975 975 Use, Total 1,981 2,046 2,173 2,173 Ending Stocks 1,099 1,072 1,014 1,014 Avg. Farm Price ($/bu) 2/ 4.72 5.16 5.00 4.80 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2018/19 (Est.) Beginning Stocks 581 191 205 87 35 1,099 Production 662 587 286 272 77 1,884 Supply, Total 3/ 1,248 846 495 365 164 3,118 Domestic Use 411 322 209 81 87 1,110 Exports 331 259 128 196 22 936 Use, Total 742 581 337 277 109 2,046 Ending Stocks, Total 506 265 158 88 55 1,072 2019/2 0 (Proj.) Beginning Stocks 506 265 158 88 55 1,072 Production 840 566 257 260 57 1,980 Supply, Total 3/ 1,351 896 420 353 168 3,187 Domestic Use 494 314 207 96 88 1,198 Exports 395 265 100 190 25 975 Use, Total 889 579 307 286 113 2,173 Ending Stocks, Total Sep 462 317 113 67 54 1,014 Ending Stocks, Total Aug 452 322 118 67 54 1,014 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by fa rmers. 3/ Includes imports. September 2019 WASDE - 592 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Aug Sep Million Acres Area Planted 100.9 100.1 100.7 100.7 Area Harvested 90.5 89.6 90.0 90.0 Metric Tons Yield per Harvested Acre 4.24 4.24 4.07 4.05 Million Metric Tons Beginning Stocks 62.1 57.9 63.9 65.9 Production 384.1 379.7 366.7 364.1 Imports 2.7 2.3 3.4 3.2 Supply, Tot al 449.0 439.9 434.0 433.2 Feed and Residual 138.6 139.3 137.6 137.4 Food, Seed & Industrial 185.3 179.9 182.4 181.8 Domestic, Total 323.9 319.2 320.0 319.1 Exports 67.2 54.7 54.7 54.7 Use, Total 391.1 373.9 374.7 373.9 Ending Stocks 57.9 65.9 59.3 59.4 CORN 2017/18 2018/19 Est. 2019/20 Pro j. 2019/20 Pro j. August September Million Acres Area Planted 90.2 89.1 90.0 90.0 Area Harvested 82.7 81.7 82.0 82.0 Bushels Yield per Harvested Acre 176.6 176.4 169.5 168.2 Million Bushels Beginning Stocks 2,293 2,140 2,360 2,445 Production 14,609 14,420 13,901 13,799 Imports 36 25 50 50 Supply, Total 16,939 16,585 16,311 16,295 Feed and Residual 5,304 5,275 5,175 5,175 Food, Seed & Industrial 2/ 7,057 6,805 6,905 6,880 Ethanol & by -products 3/ 5,605 5,375 5,475 5,450 Domestic, Total 12,361 12,080 12,080 12,055 Exports 2,438 2,060 2,050 2,050 Use, Total 14,798 14,140 14,130 14,105 Ending Stocks 2,140 2,445 2,181 2,190 Avg. Farm Price ($/bu) 4/ 3.36 3.60 3.60 3.60 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data -products/feed -grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by -products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. September 2019 WASDE - 592 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Aug Sep Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 5.6 5.7 5.3 5.3 Area Harvested (mil. acres) 5.0 5.1 4.8 4.7 Yield (bushels/acre) 71.7 72.1 73.9 74.3 Beginning Stocks 33 35 60 55 Production 362 365 354 352 Imports 2 0 0 0 Supply, Tota l 397 400 414 406 Feed and Residual 102 155 160 160 Food, Seed & Industrial 60 100 100 100 Total Domestic 162 255 260 260 Exports 200 90 100 100 Use, Total 362 345 360 360 Ending Stocks 35 55 54 46 Avg. Farm Price ($/bu) 2/ 3.22 3.25 3.30 3.30 Filler Filler Filler Filler Filler BARLEY 2017/18 2018/19 Est. 2019/20 Pro j. 2019/20 Pro j. August September Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.5 2.5 2.9 2.9 Area Harvested (mil. acres) 2.0 2.0 2.3 2.3 Yield (bush els/acre) 73.0 77.4 73.9 73.9 Beginning Stocks 106 94 87 87 Production 143 153 172 172 Imports 9 6 10 10 Supply, Total 259 253 269 269 Feed and Residual 2 7 20 20 Food, Seed & Industrial 157 155 153 153 Total Domestic 159 162 173 173 Export s 5 5 3 3 Use, Total 164 167 176 176 Ending Stocks 94 87 93 93 Avg. Farm Price ($/bu) 2/ 4.47 4.62 4.60 4.65 Filler Filler Filler Filler Filler OATS 2017/18 2018/19 Est. 2019/20 Pro j. 2019/20 Pro j. August September Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.6 2.7 2.5 2.5 Area Harvested (mil. acres) 0.8 0.9 0.9 0.9 Yield (bushels/acre) 61.7 64.9 66.4 66.4 Beginning Stocks 50 41 37 37 Production 50 56 60 60 Imports 89 87 110 100 Supply, Total 189 184 207 197 Feed and Residual 68 68 90 80 Food, Seed & Industrial 77 77 78 78 Total Domestic 146 145 168 158 Exports 2 2 2 2 Use, Total 148 147 170 160 Ending Stocks 41 37 37 37 Avg. Farm Price ($/bu) 2/ 2.59 2.66 2.90 2.95 Filler Filler Filler Filler Filler Note: Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. September 2019 WASDE - 592 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Aug Sep Million Acres Area Planted 2.46 2.95 2.76 2.54 Area Harvested 2.37 2.92 2.71 2.48 Filler Pounds Yield per Harvested Acre 7,507 7,692 7,577 7,563 Million Hundredweight Beginning Stocks 2/ 46.0 29.4 50.6 44.9 Production 178.2 224.2 205.4 187.3 Imports 27.5 29.0 29.2 29.6 Supply, Total 251.8 282.6 285.2 261.8 Domestic & Residual 3/ 135.4 144.1 137.0 131.0 Exports, Total 4/ 87.1 93.6 101.0 95.0 Rough 28.8 33.0 38.0 33.0 Milled (rough equiv.) 58.2 60.6 63.0 62.0 Use, Total 222.4 237.7 238.0 226.0 Ending Stocks 29.4 44.9 47.2 35.8 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 12.90 12.00 12.20 13.20 Tota l LONG -GRAIN RICE 2017/18 2018/19 Est. 2019/20 Pro j. 2019/20 Pro j. August September Harvested Acres (mil.) 1.75 2.18 Yield (pounds/acre) 7,314 7,517 Beginning Stocks 31.0 20.3 33.6 32.6 Production 127.9 164.0 149.1 126.7 Supply, Total 7/ 182.2 207.7 206.2 183.3 Domestic & Residual 3/ 98.6 109.4 105.0 98.0 Exports 8/ 63.2 65.7 72.0 66.0 Use, Tota l 161.9 175.1 177.0 164.0 Ending Stocks 20.3 32.6 29.2 19.3 Avg. Farm Price ($/cwt) 6/ 11.50 10.80 11.00 12.00 Filler Filler Filler Filler Filler MEDIUM & SHORT -GRAIN RICE 2017/18 2018/19 Est. 2019/20 Pro j. 2019/20 Pro j. August September Harvested Acres (mil.) 0.63 0.73 Yield (pounds/acre) 8,048 8,209 Beginning Stocks 11.5 7.6 15.6 10.2 Production 50.4 60.3 56.3 60.7 Supply, Total 7/ 68.2 72.8 77.6 76.5 Domestic & Residual 3/ 36.7 34.8 32.0 33.0 Exports 8/ 23.8 27.8 29.0 29.0 Use, Total 60.6 62.6 61.0 62.0 Ending Stocks 7.6 10.2 16.6 14.5 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 17.00 16.30 15.90 16.60 California 10/ 20.10 18.00 18.00 18.50 Other States 1/ 11.70 12.30 11.50 12.50 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2015 /16-2.9; 2016/17- 3.5; 2017/18- 3.5. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and endin g stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the tot al quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing- year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short -grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the preliminary California SAFP forecast and th e final price has averaged $0.98 per cwt from 2014/15- 2017/18, with a high of $3.50 per cwt in 2017/18 and a low of -$0.20 per cwt in 2015/16. 10/ Marketing year beginning October 1. September 2019 WASDE - 592 - 15 U.S. Soybean s and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Aug Sep Filler Filler Filler Filler Filler Million Acres Area Planted 90.2 89.2 76.7 76.7 Area Harvested 89.5 88.1 75.9 75.9 Filler Bushels Yield per Harvested Acre 49.3 51.6 48.5 47.9 Million Bushels Beginning Stocks 302 438 1,070 1,005 Production 4,412 4,544 3,680 3,633 Imports 22 17 20 20 Supply, Total 4,735 4,999 4,771 4,658 Crushings 2,055 2,085 2,115 2,115 Exports 2,134 1,745 1,775 1,775 Seed 104 89 96 96 Residual 5 75 30 32 Use, Total 4,297 3,994 4,016 4,018 Ending Stocks 438 1,005 755 640 Avg. Farm Price ($/bu) 2/ 9.33 8.50 8.40 8.50 Tota l SOYBEAN OIL 2017/18 2018/19 Est. 2019/20 P ro j. 2019/20 Pro j. August September Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,711 1,995 1,740 1,725 Production 4/ 23,772 24,230 24,535 24,535 Imports 335 400 450 450 Supply, Total 25,819 26,625 26,725 26,710 Domestic Disappearance 21,380 22,850 23,500 23,500 Biodiesel 3/ 7,134 8,100 8,600 8,600 Food, Feed & other Industrial 14,247 14,750 14,900 14,900 Exports 2,443 2,050 1,725 1,725 Use, Total 23,823 24,900 25,225 25,225 Ending stocks 1,995 1,725 1,500 1,485 Avg. Price (c/lb) 2/ 30.04 28.00 29.50 29.50 Tota l SOYBEAN MEAL 2017/18 2018/19 Est. 2019/20 Pro j. 2019/20 Pro j. August September Filler 1 2 3 4 Thousand Short Tons Beginning Stocks 401 555 450 450 Production 4/ 49,22 6 48,845 49,650 49,650 Imports 483 700 500 500 Supply, Total 50,109 50,100 50,600 50,600 Domestic Disappearance 35,537 35,900 36,500 36,500 Exports 14,016 13,750 13,700 13,700 Use, Total 49,554 49,650 50,200 50,200 Ending Stocks 555 450 400 400 Avg. Price ($/s.t.) 2/ 345.02 310.00 300.00 305.00 Tota l Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only bio diesel made from methyl ester as reported by the U .S. Energy Information Administration. 4/ Based on an October year crush of 2,085 million bushels for 2018/19 and 2,115 million bushels for 2019/20. September 2019 WASDE - 592 - 16 U.S. Sugar Supply and Use 1/ 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Aug Sep Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 1,876 2,008 1,775 1,747 Production 2/ 9,293 8,985 9,308 9,134 Beet Sugar 5,279 4,957 5,179 5,005 Cane Sugar 4,014 4,028 4,129 4,129 Florida 1,983 2,005 2,096 2,096 Hawaii 0 0 0 0 Louisiana 1,862 1,875 1,900 1,900 Texas 169 147 134 134 Imports 3,277 3,089 2,981 3,125 TRQ 3/ 1,663 1,582 1,593 1,587 Other Pr ogram 4/ 326 420 350 350 Other 5/ 1,287 1,087 1,039 1,188 Mexico 1,223 997 969 1,118 Total Supply 14,445 14,082 14,064 14,006 Exports 170 35 35 35 Deliveries 12,185 12,300 12,330 12,305 Food 12,048 12,175 12,225 12,200 Other 6/ 137 125 105 105 Miscellaneous 82 0 0 0 Total Use 12,438 12,335 12,365 12,340 Ending Stocks 2,008 1,747 1,699 1,666 Stocks to Use Ratio 16.1 14.2 13.7 13.5 Tota l 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2018/19 and 2019/20 are based on Crop Production and processor projections where appropriate. 3/ For 2018/19, WTO raw sugar TRQ shortfall (55) and for 2019/20 (99). 4/ Composed of sugar under the re - export and polyhydric alcohol programs. 5/ Imports from Mexico; and high -tier tariff sugar and syrups not otherwise specified -- for 2018/19 (90) and 2019/20 (70). 6/ Transfers accompanying deliveries for sug ar-containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE -reported deliveries: 2017/18 -- 278; estimated 2018/19 -- 324; projected 2019/20 -- 340. Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2018/19 Est. Aug 1,395 6,426 70 4,716 2,179 995 2018/19 Est. Sep 1,395 6,426 70 4,716 2,179 995 2019/20 Proj. Aug 995 6,248 70 4,776 1,542 995 2019/20 Proj. Sep 995 6,200 70 4,776 1,494 995 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2017/18 = 1,593; Estimated Oct -July 2018 = 1,320; Projected 2018/19 = 1,520; Estimated Oct -July 2019 = 1,279; Projected 2019/20 = 1,520. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliver ies for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2018/19 (480 est); 2019/20 (480 proj). Other Deliveries/Ending Year Statistical Adjustments: 2018/19 (0), 2019/20 (0). September 2019 WASDE - 592 - 17 U.S. Cotton Supply and Use 1/ 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Aug Sep Filler Filler Filler Filler Filler Area Million Acres Planted 12.72 14.10 13.90 13.76 Harvested 11.10 10.21 12.64 12.51 Filler Pounds Yield per Harvested Acre 905 864 855 839 Million 480 Pound Bales Beginning Stocks 2.75 4.20 5.25 4.85 Production 20.92 18.37 22.52 21.86 Imports 0.00 0.00 0.01 0.01 Supply, Total 23.68 22.57 27.77 26.72 Domestic Use 3.23 2.98 3.10 3.00 Exports, Total 16.28 14.76 17.20 16.50 Use, Total 19.50 17.74 20.30 19.50 Unaccounted 2/ -0.03 -0.02 0.27 0.02 Ending Stocks 4.20 4.85 7.20 7.20 Avg. Farm Price 3/ 68.6 70.5 60.0 58.0 Tota l Note: R eliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents pe r pound for upland cotton. September 2019 WASDE - 592 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 262.15 762.26 179.80 146.33 742.56 182.09 281.85 World Less China 147.22 627.93 175.86 128.83 621.56 181.08 150.66 United States 32.13 47.38 4.30 1.29 29.25 24.66 29.91 Total Foreign 230.02 714.88 175.49 145.04 713.31 157.43 251.95 Major Exporters 4/ 36.23 333.09 6.96 89.73 205.50 130.99 39.79 Argentina 0.25 18.50 0.00 0.05 5.55 12.66 0.54 Australia 5.73 20.94 0.16 4.00 7.48 13.85 5.51 Canada 6.93 30.38 0.45 4.38 9.28 22.00 6.48 European Union 5/ 10.72 151.13 5.82 58.00 130.40 23.29 13.98 Russia 10.83 85.17 0.47 20.00 43.00 41.42 12.04 Ukraine 1.77 26.98 0.06 3.30 9.80 17.78 1.24 Major Importers 6/ 160.49 202.93 115.29 37.45 289.89 12.24 176.57 Bangladesh 1.88 1.15 6.15 0.00 7.30 0.00 1.89 Brazil 2.26 4.26 7.02 0.50 12.00 0.23 1.31 China 114.93 134.33 3.94 17.50 121.00 1.00 131.20 Japan 1.21 0.97 5.88 0.75 6.60 0.28 1.18 N. Africa 7/ 14.15 19.25 27.45 2.25 45.23 0.83 14.79 Nigeria 0.20 0.07 5.09 0.05 4.75 0.40 0.20 Sel. Mideast 8/ 16.67 18.36 18.27 4.10 37.89 0.83 14.58 Southeast Asia 9/ 5.59 0.00 25.94 8.99 25.44 1.04 5.05 Selected Other India 9.80 98.51 1.17 5.00 95.68 0.57 13.23 Kazakhstan 3.36 14.80 0.10 2.10 6.90 9.00 2.37 2018/19 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 281.85 730.84 170.21 139.42 735.45 172.66 277.24 World Less China 150.66 599.41 167.06 119.42 610.45 171.65 137.47 United States 29.91 51.29 3.67 2.62 30.22 25.48 29.18 Total Foreign 251.95 679.55 166.53 136.80 705.24 147.18 248.06 Major Exporters 4/ 39.79 302.60 7.13 81.89 196.09 120.88 32.56 Argentina 0.54 19.50 0.01 0.05 5.85 12.30 1.89 Australia 5.51 17.30 0.36 5.70 9.20 9.00 4.97 Canada 6.48 32.20 0.45 3.64 8.54 24.41 6.18 European Union 5/ 13.98 136.86 5.76 52.00 123.20 23.31 10.09 Russia 12.04 71.69 0.45 18.00 40.50 35.85 7.83 Ukraine 1.24 25.06 0.11 2.50 8.80 16.02 1.59 Major Importers 6/ 176.57 199.70 110.48 38.17 293.36 11.79 181.61 Bangladesh 1.89 1.00 4.82 0.00 7.00 0.00 0.70 Brazil 1.31 5.43 7.30 0.50 12.10 0.60 1.34 China 131.20 131.43 3.15 20.00 125.00 1.01 139.77 Japan 1.18 0.88 5.73 0.68 6.53 0.29 0.97 N. Africa 7/ 14.79 21.00 26.82 2.25 46.10 0.70 15.81 Nigeria 0.20 0.06 4.59 0.05 4.25 0.40 0.20 Sel. Mideast 8/ 14.58 17.88 16.79 3.55 37.69 0.54 11.02 Southeast Asia 9/ 5.05 0.00 26.16 8.14 25.34 1.06 4.81 Selected Other India 13.23 99.87 0.02 5.00 95.63 0.50 16.99 Kazakhstan 2.37 13.95 0.09 1.80 6.60 8.30 1.50 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2019 WASDE - 592 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Domestic Feed Dom estic Total 2/ Exports Ending Stocks World 3/ Aug 275.49 768.07 179.00 150.32 758.16 182.63 285.40 Sep 277.24 765.53 176.79 149.04 756.26 180.83 286.51 World Less China Aug 135.72 636.07 175.50 129.32 630.16 181.33 139.43 Sep 137.47 633.53 173.59 128.04 628.26 179.53 140.84 United States Aug 29.18 53.89 3.67 4.63 32.60 26.54 27.60 Sep 29.18 53.89 3.67 4.63 32.60 26.54 27.60 Total Foreign Aug 246.31 714.18 175.33 145.69 725.56 156.10 257.80 Sep 248.06 711.64 173.12 144.41 723.65 154.30 258.91 Major Exporters 4/ Aug 30.17 327.00 6.66 86.45 200.85 131.00 31.98 Sep 32.56 325.00 6.66 85.95 200.55 130.50 33.17 Argentina Aug 1.39 20.50 0.01 0.05 5.85 14.50 1.55 Sep 1.89 20.50 0.01 0.05 6.05 14.50 1.85 Australia Aug 4.97 21.00 0.15 5.00 8.50 12.50 5.12 Sep 4.97 19.00 0.15 5.00 8.50 10.50 5.12 Canada Aug 4.67 33.30 0.45 4.30 9.30 24.00 5.12 Sep 6.18 33.30 0.45 4.60 9.60 24.50 5.83 European Union 5/ Aug 9.74 150.00 5.50 56.00 127.50 26.50 11.24 Sep 10.09 151.00 5.50 56.00 127.50 27.50 11.59 Russia Aug 7.99 73.00 0.48 17.50 40.00 34.00 7.46 Sep 7.83 72.50 0.48 17.00 39.50 34.00 7.31 Ukraine Aug 1.41 29.20 0.08 3.60 9.70 19.50 1.48 Sep 1.59 28.70 0.08 3.30 9.40 19.50 1.46 Major Importers 6/ Aug 182.04 202.97 116.72 39.96 300.71 12.85 188.16 Sep 181.61 202.97 114.89 39.36 299.52 12.85 187.10 Bangladesh Aug 0.69 1.10 6.50 0.00 7.30 0.00 0.99 Sep 0.70 1.10 6.00 0.00 7.10 0.00 0.70 Brazil Aug 1.34 5.30 7.50 0.50 12.20 0.60 1.34 Sep 1.34 5.30 7.50 0.50 12.20 0.60 1.34 China Aug 139.77 132.00 3.50 21.00 128.00 1.30 145.97 Sep 139.77 132.00 3.20 21.00 128.00 1.30 145.67 Japan Aug 0.97 0.95 5.90 0.70 6.50 0.28 1.04 Sep 0.97 0.95 5.90 0.70 6.50 0.28 1.04 N. Africa 7/ Aug 16.01 18.87 27.40 2.25 46.75 0.69 14.84 Sep 15.81 18.87 27.40 2.25 46.75 0.69 14.65 Nigeria Aug 0.20 0.06 5.10 0.05 4.76 0.40 0.20 Sep 0.20 0.06 5.10 0.05 4.76 0.40 0.20 Sel. Mideast 8/ Aug 11.16 22.46 17.32 3.92 39.04 0.72 11.18 Sep 11.02 22.46 17.29 3.92 38.94 0.72 11.11 Southeast Asia 9/ Aug 4.92 0.00 27.90 8.64 26.52 1.07 5.24 Sep 4.81 0.00 27.10 8.04 25.82 1.07 5.03 Selected Other India Aug 16.99 101.20 0.02 6.00 98.00 0.50 19.71 Sep 16.99 102.19 0.02 6.00 98.00 0.50 20.70 Kazakhstan Aug 1.30 13.00 0.06 1.80 6.60 6.50 1.26 Sep 1.50 11.50 0.06 1.80 6.60 5.20 1.26 1/ Aggregate of local marketing years. 2/ Total foreign and world u se adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Is rael, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippin es, Thailand, and Vietnam. September 2019 WASDE - 592 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 384.76 1,358.87 187.74 835.42 1,374.82 185.67 368.81 World Less China 161.26 1,093.16 171.31 637.87 1,092.22 185.61 145.83 United States 62.17 384.39 2.93 138.73 324.41 67.16 57.92 Total Foreign 322.59 974.49 184.81 696.69 1,050 .42 118.52 310.89 Major Exporters 4/ 38.41 252.15 3.69 126.38 170.30 98.06 25.89 Argentina 6.70 39.32 0.01 11.93 17.46 24.50 4.06 Australia 2.65 12.19 0.00 3.94 5.81 6.74 2.29 Brazil 14.49 85.06 1.46 57.70 68.18 24.95 7.88 Canada 5.56 26.24 1.77 15.92 23.23 5.78 4.57 Russia 2.06 41.72 0.13 21.57 31.02 11.52 1.37 Ukraine 3.01 34.07 0.05 8.44 11.82 22.50 2.81 Major Importers 5/ 38.21 245.11 133.72 283.70 367.92 10.02 39.10 European Uni on 6/ 15.11 152.12 19.40 120.85 162.37 7.92 16.35 Japan 1.69 0.19 17.58 13.75 17.75 0.00 1.71 Mexico 6.00 33.19 16.36 29.20 48.41 0.96 6.18 N. Afr & Mideast 7/ 7.13 29.07 39.14 59.33 67.45 0.13 7.77 Saudi Arabia 2.54 0.26 11.99 12.28 12.70 0.00 2.08 Southeast Asia 8/ 3.29 30.00 14.54 36.27 44.49 1.01 2.34 South Korea 1.77 0.20 10.19 7.80 10.31 0.00 1.86 Selected Other China 223.49 265.72 16.43 197.55 282.60 0.06 222.98 2018/19 Est. Beginning Stocks Production Imports Domes tic Feed Domes tic Total 2/ Exports Ending Stocks World 3/ 368.81 1,395.25 195.27 846.19 1,408.13 207.67 355.94 World Less China 145.83 1,129.85 183.39 650.14 1,120.16 207.60 143.71 United Stat es 57.92 379.92 2.56 139.48 319.71 54.75 65.94 Total Foreign 310.89 1,015.33 192.71 706.71 1,088.42 152.92 289.99 Major Exporters 4/ 25.89 292.12 5.59 124.88 169.47 131.00 23.13 Argentina 4.06 59.18 0.01 12.55 18.51 39.36 5.39 Australia 2.29 10.93 0.00 3.98 6.05 4.97 2.22 Brazil 7.88 104.18 1.70 58.85 69.88 38.05 5.83 Canada 4.57 26.19 2.65 16.32 23.68 6.28 3.46 Russia 1.37 35.00 0.06 18.70 27.27 8.06 1.11 Ukraine 2.81 44.50 0.06 7.91 11.21 33.29 2.87 Major Importers 5/ 39.10 241.95 143.51 295.07 379.87 10.22 34.46 European Union 6/ 16.35 147.90 25.24 126.10 168.07 8.49 12.92 Japan 1.71 0.18 17.47 13.62 17.71 0.00 1.64 Mexico 6.18 32.50 17.36 31.07 50.31 0.80 4.94 N. Afr & Mideast 7/ 7.77 31.11 40.18 62.75 70.88 0.12 8.06 Saudi Arabia 2.08 0.29 11.31 11.35 11.83 0.00 1.85 Southeast Asia 8/ 2.34 29.70 17.12 37.59 45.71 0.81 2.63 South Korea 1.86 0.20 10.63 8.25 10.80 0.00 1.89 Selected Other China 222.98 265.41 11.88 196.05 287.97 0.07 212.22 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argenti na, Australia, Brazil, Canada, Russia and Ukraine. 5/ The European Union, Japan, Mexico, selected North Africa and Middle Eas t, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Mo rocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2019 WASDE - 592 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginnin g Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Aug 355.00 1,398.85 203.00 856.18 1,417.53 204.74 336.33 Sep 355.94 1,396.44 203.02 855.52 1,416.22 204.64 336.16 World Less China Aug 142.58 1,136.37 187.95 661.08 1,124.08 204.68 139.89 Sep 143.71 1,133.97 188.07 660.52 1,122.87 204.58 139.92 United States Aug 63.91 366.93 3.69 137.73 320.48 54.71 59.34 Sep 65.94 364.30 3.52 137.56 319.67 54.71 59.37 Total Foreign Aug 291.09 1,031.92 199.31 718.45 1,097.05 150.03 276.99 Sep 289.99 1,032.15 199.50 717.96 1,096.55 149.93 276.79 Major Exporters 4/ Aug 23.59 303.07 3.03 128.11 174.27 129.28 26.15 Sep 23.13 302.69 3.03 127.90 174.14 128.98 25.74 Argentina Aug 5.39 58.06 0.01 13.28 19.94 36.61 6.91 Sep 5.39 57.73 0.01 13.02 19.66 36.61 6.86 Australia Aug 2.15 12.70 0.00 4.45 6.52 6.17 2.17 Sep 2.22 12.00 0.00 4.50 6.57 5.47 2.19 Brazil Aug 6.68 104.48 1.70 60.07 72.15 34.01 6.70 Sep 5.83 104.23 1.70 59.87 71.95 34.01 5.80 Canada Aug 3.37 29.21 1.03 16.10 23.36 6.16 4.09 Sep 3.46 28.56 1.03 15.80 23.06 5.96 4.03 Russia Aug 1.00 37.88 0.09 19.23 27.68 10.29 1.00 Sep 1.11 39.38 0.09 19.83 28.28 10.49 1.81 Ukraine Aug 2.73 46.15 0.03 8.31 11.66 34.54 2.72 Sep 2.87 46.20 0.03 8.21 11.66 34.94 2.51 Major Importers 5/ Aug 34.62 254.63 146.30 302.31 388.18 10.28 37.09 Sep 34.46 255.45 146.48 302.40 388.27 10.28 37.85 European Union 6/ Aug 13.09 156.99 21.91 126.40 168.97 7.86 15.16 Sep 12.92 157.81 21.91 126.40 168.97 7.86 15.81 Japan Aug 1.64 0.18 17.37 13.52 17.61 0.00 1.58 Sep 1.64 0.18 17.27 13.42 17.51 0.00 1.58 Mexico Aug 5.24 33.10 19.01 32.41 51.99 1.50 3.86 Sep 4.94 33.10 19.01 32.41 51.99 1.50 3.56 N. Afr & Mideast 7/ Aug 7.76 32.87 42.42 65.18 73.41 0.19 9.44 Sep 8.06 32.87 42.72 65.38 73.61 0.19 9.84 Saudi Arabia Aug 1.85 0.25 13.51 13.25 13.70 0.00 1.92 Sep 1.85 0.25 13.51 13.25 13.70 0.00 1.92 Southe ast Asia 8/ Aug 2.62 30.96 17.26 38.96 47.11 0.74 3.00 Sep 2.63 30.96 17.26 38.96 47.11 0.74 3.01 South Korea Aug 1.89 0.20 10.63 8.26 10.85 0.00 1.86 Sep 1.89 0.20 10.61 8.25 10.84 0.00 1.86 Selected Other China Aug 212.42 262.48 15.05 195.10 293.45 0.06 196.44 Sep 212.22 262.48 14.95 195.00 293.35 0.06 196.24 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed gr ains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia and Ukraine. 5/ The European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, L ibya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2019 WASDE - 592 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Prod uction Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 351.35 1,078.08 149.97 673.05 1,089.88 148.57 339.55 World Less China 128.34 819.01 146.51 486.05 826.88 148.55 117.03 United States 58.25 371.10 0.92 134.74 313.98 61.92 54.37 Total Foreign 293.10 706.98 149.05 538.31 775.90 86.65 285.18 Major Exporters 4/ 25.32 164.42 1.18 82.63 103.63 72.58 14.70 Argentina 5.27 32.00 0.01 8.50 12.40 22.00 2.88 Brazil 14.02 82.00 0.92 55.00 64.50 24.95 7.49 Russia 0.78 13.20 0.05 7.40 8.30 5.53 0.20 South Africa 3.70 13.10 0.17 6.83 12.23 2.07 2.67 Ukraine 1.55 24.12 0.04 4.90 6.20 18.04 1.47 Major Importers 5/ 21.93 126.08 88.35 154.80 208.95 3.72 23.70 Egypt 1.89 6.40 9.46 13.40 15.90 0.01 1.84 European Union 6/ 7.60 62.02 18.47 57.00 76.50 1.75 9.84 Japan 1.32 0.00 15.67 12.00 15.60 0.00 1.39 Mexico 5.41 27.57 16.13 24.30 42.50 0.96 5.65 Southeast Asia 7/ 3.28 29.95 14.20 36.20 44.10 1.00 2.33 South Korea 1.76 0.07 10.02 7.70 10.00 0.00 1.85 Selected Other 0.00 Canada 2.57 14.10 1.70 8.87 14.02 1.94 2.42 China 223.02 259.07 3.46 187.00 263.00 0.02 222.53 2018/19 Est. Beginning Stocks Production Imports Domes tic Feed Domes tic Total 2/ Exports Ending Stocks World 3/ 339.55 1,122.17 164.08 697.40 1,132.18 176.20 329.55 World Less China 117.03 864.84 159.08 507.40 859.18 176.18 117.71 United States 54.37 366.29 0.64 133.99 306.85 52.33 62.12 Total Foreign 285.18 755.88 163.45 563.41 825.33 123.87 267.43 Major Exporters 4/ 14.70 210.72 2.10 84.50 106.60 107.50 13.42 Argentina 2.88 51.00 0.01 9.70 13.80 36.00 4.09 Brazil 7.49 101.00 1.00 56.00 66.00 38.00 5.49 Russia 0.20 11.42 0.05 7.50 8.40 3.00 0.26 South Africa 2.67 11.50 1.00 6.50 12.20 1.00 1.97 Ukraine 1.47 35.81 0.04 4.80 6.20 29.50 1.61 Major Importers 5/ 23.70 127.52 97.45 169.00 223.60 4.91 20.16 Egypt 1.84 6.80 9.70 13.70 16.20 0.01 2.13 European Union 6/ 9.84 64.22 24.00 67.50 87.50 3.30 7.25 Japan 1.39 0.00 15.80 12.10 15.80 0.00 1.40 Mexico 5.65 26.70 16.70 25.70 43.90 0.80 4.35 Southeast Asia 7/ 2.33 29.65 16.65 37.50 45.20 0.80 2.62 South Korea 1.85 0.08 10.50 8.20 10.55 0.00 1.88 Selected Other 0.00 Canada 2.42 13.89 2.60 9.50 14.70 2.10 2.10 China 222.53 257.33 5.00 190.00 273.00 0.02 211.84 1/ Ag gregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2019 WASDE - 592 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Aug 328.58 1,108.24 169.34 694.44 1,129.09 169.90 307.72 Sep 329.55 1,104.88 169.44 694.24 1,128.16 169.90 306.27 World Less China Aug 116.74 854.24 162.34 506.44 852.09 169.88 111.91 Sep 117.71 850.88 162.44 506.24 851.16 169.88 110.45 United St ates Aug 59.96 353.09 1.27 131.45 306.85 52.07 55.40 Sep 62.12 350.52 1.27 131.45 306.21 52.07 55.62 Total Foreign Aug 268.62 755.15 168.07 562.99 822.25 117.83 252.32 Sep 267.43 754.36 168.17 562.79 821.95 117.83 250.65 Major Exporters 4/ Aug 14.24 214.50 1.17 86.50 110.20 103.70 16.01 Sep 13.42 214.00 1.17 86.40 110.10 103.70 14.78 Argentina Aug 4.09 50.00 0.01 10.30 15.00 33.50 5.59 Sep 4.09 50.00 0.01 10.30 15.00 33.50 5.59 Brazil Aug 6.31 101.00 1.00 57.00 68.00 34.00 6.31 Sep 5.49 101.00 1.00 57.00 68.00 34.00 5.49 Russia Aug 0.26 13.00 0.04 7.50 8.40 4.70 0.20 Sep 0.26 13.00 0.04 7.50 8.40 4.70 0.20 South Africa Aug 1.97 14.00 0.10 6.60 12.30 1.50 2.27 Sep 1.97 14.00 0.10 6.60 12.30 1.50 2.27 Ukraine Aug 1.61 36.50 0.02 5.10 6.50 30.00 1.63 Sep 1.61 36.00 0.02 5.00 6.40 30.00 1.23 Major Importers 5/ Aug 20.45 130.07 96.60 166.70 222.25 4.24 20.63 Sep 20.16 130.07 96.60 166.70 222.25 4.24 20.34 Egypt Aug 2.13 7.20 10.00 14.40 16.90 0.01 2.42 Sep 2.13 7.20 10.00 14.40 16.90 0.01 2.42 European Union 6/ Aug 7.25 64.80 21.00 62.00 82.50 2.00 8.55 Sep 7.25 64.80 21.00 62.00 82.50 2.00 8.55 Japan Aug 1.40 0.00 15.60 11.90 15.60 0.00 1.40 Sep 1.40 0.00 15.60 11.90 15.60 0.00 1.40 Mexico Aug 4.65 27.00 18.50 27.00 45.50 1.50 3.15 Sep 4.35 27.00 18.50 27.00 45.50 1.50 2.85 Southeast Asia 7/ Aug 2.61 30.91 16.90 38.90 46.70 0.73 2.99 Sep 2.62 30.91 16.90 38.90 46.70 0.73 3.00 South Korea Aug 1.88 0.08 10.50 8.20 10.60 0.00 1.85 Sep 1.88 0.08 10.50 8.20 10.60 0.00 1.85 Selected Other Canada Aug 2.12 14.00 1.00 8.50 13.70 1.50 1.92 Sep 2.10 14.00 1.00 8.50 13.70 1.50 1.90 China Aug 211.84 254.0 0 7.00 188.00 277.00 0.02 195.82 Sep 211.84 254.00 7.00 188.00 277.00 0.02 195.82 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and e xports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European Union, Japan, Mexico, Southeast Asia, and South Ko rea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2019 WASDE - 592 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2017/ 18 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 149.62 494.86 46.73 482.23 47.13 162.25 World Less China 51.12 345.99 41.23 339.74 45.74 53.25 United States 1.46 5.66 0.87 4.30 2.76 0.93 Total Foreign 148.16 489.20 45.86 477.93 44.36 161.31 Major Exporters 4/ 27.64 181.69 0.76 144.77 36.45 28.88 Burma 0.55 13.20 0.01 10.20 2.75 0.81 India 20.55 112.76 0.00 98.67 12.04 22.60 Pakistan 1.34 7.50 0.00 3.40 4.01 1.42 Thail and 4.24 20.58 0.25 11.00 11.06 3.01 Vietnam 0.97 27.66 0.50 21.50 6.59 1.03 Major Importers 5/ 108.57 241.03 21.35 248.06 1.82 121.06 China 98.50 148.87 5.50 142.49 1.39 109.00 European Union 6/ 1.19 2.01 2.01 3.68 0.35 1.18 Indonesia 2.92 37.00 2.35 38.10 0.00 4.16 Nigeria 1.74 4.66 2.00 6.90 0.00 1.50 Philippines 2.00 12.24 1.30 13.25 0.00 2.29 Sel. Mideast 7/ 0.86 2.22 3.62 5.80 0.00 0.91 Selected Other 0.00 Brazil 0.53 8.20 0.56 7.75 1.15 0.39 C. Amer & Carib 8/ 0.68 1.64 1.66 3.27 0.04 0.68 Egypt 1.43 4.30 0.09 4.20 0.05 1.56 Japan 2.41 7.79 0.69 8.60 0.06 2.23 Mexico 0.17 0.18 0.81 0.92 0.10 0.15 South Korea 2.00 3.97 0.40 4.75 0.06 1.56 2018/19 Est. Beginning Stocks Production Imports Total /2 Domes tic Exports Ending Stocks World 3/ 162.25 498.95 44.46 489.40 45.11 171.80 World Less China 53.25 350.46 41.21 346.43 42.34 56.80 United States 0.93 7.12 0.92 4.58 2.97 1.42 Total Foreign 161.31 491.83 43.54 484.82 42.14 170.38 Major Exporters 4/ 28.88 185.26 0.66 147.70 33.70 33.40 Burma 0.81 13.18 0.01 10.33 2.80 0.87 India 22.60 116.42 0.00 101.22 11.60 26.20 Pakistan 1.42 7.40 0.00 3.45 4.10 1.27 Thailand 3.01 20.34 0.25 11.20 8.70 3.70 Vietnam 1.03 27.92 0.40 21.50 6.50 1.36 Major Importers 5/ 121.06 241.97 17.22 250.07 3.20 126.99 China 109.00 148.49 3.25 142.97 2.77 115.00 European Union 6/ 1.18 1.94 2.10 3.78 0.32 1.13 Indonesia 4.16 36.70 0.40 38.00 0.00 3.26 Nigeria 1.50 4.79 2.10 7.10 0.00 1.29 Philippines 2.29 11.73 3.57 14.10 0.00 3.49 Sel. Mideast 7/ 0.91 2.01 3.75 5.87 0.00 0.80 Selected Other 0.00 Brazil 0.39 7.14 0.85 7.50 0.60 0.28 C. Amer & Carib 8/ 0.68 1.69 1.77 3.43 0.03 0.67 Egypt 1.56 2.80 0.90 4.15 0.02 1.09 Japan 2.23 7.65 0.69 8.56 0.06 1.95 Mexico 0.15 0.19 0.76 0.92 0.03 0.15 South Korea 1.56 3.87 0.41 4.71 0.10 1.02 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both dom estic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. September 2019 WASDE - 592 - 25 World Rice Suppl y and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Aug 171.30 497.86 43.89 494.50 46.64 174.66 Sep 171.80 494.22 43.85 493.29 45.12 172.73 World Less China Aug 56.30 351.86 40.59 351.50 43.34 56.66 Sep 56.80 348.22 40.75 350.29 41.82 54.93 United States Aug 1.61 6.52 0.93 4.35 3.21 1.50 Sep 1.42 5.95 0.94 4.16 3.02 1.14 Total Foreign Aug 169.69 491.34 42.97 490.1 5 43.43 173.16 Sep 170.38 488.27 42.91 489.13 42.10 171.59 Major Exporters 4/ Aug 32.81 184.60 0.66 149.05 34.60 34.42 Sep 33.40 181.60 0.66 149.25 33.30 33.11 Burma Aug 0.87 13.30 0.01 10.50 2.60 1.08 Sep 0.87 13.30 0.01 10.50 2.60 1.08 India Aug 25.50 115.00 0.00 102.00 12.00 26.50 Sep 26.20 112.00 0.00 102.00 11.20 25.00 Pakistan Aug 1.27 7.50 0.00 3.55 4.00 1.22 Sep 1.27 7.50 0.00 3.55 4.00 1.22 Thailand Aug 3.81 20.50 0.25 11.00 9.50 4.06 Sep 3.70 20.50 0.25 11.20 9.00 4.25 Vietnam Aug 1.36 28.30 0.40 22.00 6.50 1.56 Sep 1.36 28.30 0.40 22.00 6.50 1.56 Major Importers 5/ Aug 126.99 241.50 16.13 251.31 3.71 129.60 Sep 126.99 241.50 15.93 251.31 3.71 129.40 China Aug 115.00 146.00 3.30 143.00 3.30 118.00 Sep 115.00 146.00 3.10 143.00 3.30 117.80 European Union 6/ Aug 1.13 2.01 2.05 3.80 0.30 1.09 Sep 1.13 2.01 2.05 3.80 0.30 1.09 Indonesia Aug 3.26 37.40 0.50 38.00 0.00 3.16 Sep 3.26 37.40 0.50 38.00 0.00 3.16 Nigeria Aug 1.29 4.90 2.20 7.30 0.00 1.09 Sep 1.29 4.90 2.20 7.30 0.00 1.09 Philippines Aug 3.49 12.20 2.70 14.60 0.00 3.79 Sep 3.49 12.20 2.70 14.60 0.00 3.79 Sel. Mideast 7/ Aug 0.80 2.29 3.68 6.06 0.00 0.71 Sep 0.80 2.29 3.68 6.06 0.00 0.71 Selected Other Brazil Aug 0.28 7.21 0.90 7.55 0.55 0.29 Sep 0.28 7.14 0.95 7.53 0.55 0.29 C. Amer & Carib 8/ Aug 0.67 1.64 1.84 3.44 0.04 0.67 Sep 0.67 1.55 1.90 3.44 0.03 0.65 Egypt Aug 1.09 3.05 0.60 3.90 0.01 0.83 Sep 1.09 3.05 0.60 4.00 0.01 0.73 Japan Aug 1.95 7.70 0.69 8.48 0.06 1.79 Sep 1.95 7.70 0.69 8.48 0.06 1.79 Mexico Aug 0.17 0.20 0.79 0.93 0.02 0.21 Sep 0.15 0.20 0.79 0.93 0.02 0.19 South Korea Aug 1.02 3.88 0.41 4.48 0.06 0.78 Sep 1.02 3.88 0.41 4.48 0.06 0.78 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes bot h domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. September 2019 WASDE - 592 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2017/18 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 80.31 123.78 41.16 122.79 41.39 0.12 80.96 World Less China 34.39 96.28 35.45 81.79 41.26 0.12 42.97 United States 2.75 20.92 3/ 3.23 16.28 -0.03 4.20 Total Foreign 77.56 102.86 41.15 119.56 25.11 0.15 76.76 Major Exporters 4/ 21.94 57.10 2.47 32.75 21.73 0.02 27.00 Central Asia 5/ 2.18 6.50 3/ 3.38 2.53 0.00 2.77 Afr. Fr. Zone 6/ 1.46 5.44 3/ 0.14 5.06 0.00 1.70 S. Hemis. 7/ 10.21 15.70 0.24 4.44 8.63 0.01 13.07 Australia 2.19 4.80 3/ 0.04 3.92 0.00 3.04 Brazil 6.93 9.22 0.08 3.40 4.17 0.00 8.66 India 7.88 29.00 1.68 24.15 5.18 0.00 9.23 Major Importers 8/ 54.17 42.93 36.05 82.76 2.35 0.12 47.91 Mexico 0.45 1.56 0.93 1.90 0.35 0.03 0.66 China 45.92 27.50 5.71 41.00 0.14 0.00 37.99 European Union 9/ 0.18 1.53 0.73 0.76 1.37 0.04 0.28 Turkey 1.53 4.00 4.02 7.45 0.33 0.00 1.78 Pakistan 2.32 8.20 3.40 10.90 0.16 0.03 2.83 Indonesia 0.62 3/ 3.50 3.50 0.01 0.00 0.62 Thailand 0.20 3/ 1.15 1.13 0.00 0.03 0.20 Bangladesh 1.63 0.14 7.60 7.50 0.00 0.01 1.86 Vietnam 0.88 3/ 7.00 6.60 0.00 0.00 1.29 2018/19 Est. Beginning Stocks Production Imports Domes tic Use Exports Los s /2 Ending Stocks World 80.96 119.05 42.50 120.44 41.15 0.12 80.80 World Less China 42.97 91.30 32.86 80.94 40.93 0.12 45.13 United States 4.20 18.37 3/ 2.98 14.76 -0.02 4.85 Total Foreign 76.76 100.68 42.49 117.47 26.38 0.14 75.95 Major Exporters 4/ 27.00 55.11 2.39 33.05 22.15 0.02 29.29 Central Asia 5/ 2.77 5.44 3/ 3.83 1.87 0.00 2.52 Afr. Fr. Zone 6/ 1.70 5.36 3/ 0.14 5.50 0.00 1.42 S. Hemis. 7/ 13.07 17.17 0.14 4.44 10.85 0.01 15.09 Australia 3.04 2.20 3/ 0.04 3.63 0.00 1.57 Brazil 8.66 12.80 0.02 3.40 6.01 0.00 12.06 India 9.23 26.50 1.80 24.00 3.50 0.00 10.03 Major Importers 8/ 47.91 42.63 37.66 80.26 2.94 0.11 44.88 Mexico 0.66 1.72 0.85 1.95 0.50 0.03 0.75 China 37.99 27.75 9.64 39.50 0.21 0.00 35.67 European Union 9/ 0.28 1.72 0.68 0.74 1.68 0.03 0.23 Turke y 1.78 3.70 3.50 6.80 0.48 0.00 1.69 Pakistan 2.83 7.60 2.85 10.70 0.06 0.03 2.50 Indonesia 0.62 3/ 3.05 3.15 0.01 0.00 0.51 Thailand 0.20 3/ 1.08 1.08 0.00 0.03 0.18 Bangladesh 1.86 0.14 7.20 7.40 0.00 0.01 1.78 Vietnam 1.29 3/ 7.00 7.10 0.00 0.00 1.19 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and region s listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. September 2019 WASDE - 592 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2019/20 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Aug 80.27 125.61 43.90 123.07 43.85 0.40 82.45 Sep 80.80 124.90 43.28 121.74 43.34 0.15 83.75 World Less China Aug 44.68 97.86 33.40 83.07 43.73 0.40 48.74 Sep 45.13 97.15 33.28 82.24 43.22 0.15 49.95 United States Aug 5.25 22.52 0.01 3.10 17.20 0.27 7.20 Sep 4.85 21.86 0.01 3.00 16.50 0.02 7.20 filler filler filler filler filler filler filler Total Foreign Aug 75.02 103.09 43.90 119.97 26.65 0.13 75.25 Sep 75.95 103.04 43.28 118.74 26.84 0.13 76.55 Major Exporters 4/ Aug 28.36 56.65 2.11 34.41 22.61 0.02 30.07 Sep 29.29 56.69 2.26 33.96 22.93 0.02 31.33 Central Asia 5/ Aug 2.52 5.26 3/ 3.99 1.51 0.00 2.29 Sep 2.52 5.40 3/ 3.99 1.53 0.00 2.40 Afr. Fr. Zone 6/ Aug 1.40 5.98 3/ 0.14 5.64 0.00 1.60 Sep 1.42 5.89 3/ 0.14 5.54 0.00 1.63 S. Hemis. 7/ Aug 15.08 15.92 0.21 4.62 10.97 0.01 15.61 Sep 15.09 15.42 0.16 4.42 11.57 0.01 14.67 Australia Aug 1.60 1.90 3/ 0.04 1.80 0.00 1.67 Sep 1.57 1.40 3/ 0.04 1.90 0.00 1.04 filler filler filler filler filler filler filler Brazil Aug 11.99 12.00 0.08 3.60 8.00 0.00 12.47 Sep 12.06 12.00 0.03 3.40 8.50 0.00 12.19 India Aug 9.13 29.00 1.40 25.00 4.20 0.00 10.33 Sep 10.03 29.50 1.60 24.75 4.00 0.00 12.38 Major Importers 8/ Aug 44.86 43.40 39.22 81.29 2.79 0.11 43.29 Sep 44.88 43.30 38.51 80.59 2.65 0.11 43.34 Mexico Aug 0.72 1.70 0.85 2.00 0.55 0.03 0.70 Sep 0.75 1.60 0.85 2.00 0.45 0.03 0.73 China Aug 35.59 27.75 10.50 40.00 0.13 0.00 33.71 Sep 35.67 27.75 10.00 39.50 0.13 0.00 33.80 European Union 9/ Aug 0.25 1.71 0.68 0.73 1.63 0.03 0.25 Sep 0.23 1.71 0.68 0.73 1.62 0.03 0.25 Turkey Aug 1.68 4.10 3.00 6.70 0.38 0.00 1.70 Sep 1.69 4.10 3.10 6.80 0.38 0.00 1.72 Pakistan Aug 2.63 8.00 2.80 10.70 0.10 0.03 2.61 Sep 2.50 8.00 2.90 10.70 0.08 0.03 2.60 Indonesia Aug 0.51 3/ 3.30 3.20 0.01 0.00 0.61 Sep 0.51 3/ 3.30 3.20 0.01 0.00 0.61 Thailand Aug 0.19 3/ 1.18 1.15 0.00 0.03 0.19 Sep 0.18 3/ 1.05 1.03 0.00 0.03 0.18 Bangladesh Aug 1.78 0.14 7.30 7.40 0.00 0.01 1.81 Sep 1.78 0.14 7.30 7.40 0.00 0.01 1.81 Vietnam Aug 1.14 3/ 7.80 7.60 0.00 0.00 1.34 Sep 1.19 3/ 7.60 7.50 0.00 0.00 1.29 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally re flects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3 / Less than 5,000 bales. 4/ Includ es Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, an d Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. September 2019 WASDE - 592 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 95.62 341.62 153.00 295.21 338.35 153.08 98.79 World Less China 75.50 326.33 58.90 205.21 232.05 152.95 75.73 United States 8.21 120.07 0.59 55.93 58.87 58.07 11.92 Total Foreign 87.41 221.55 152.40 239.29 279.48 95.01 86.87 Major Exporters 3/ 60.64 171.43 4.89 85.39 94.17 85.57 57.23 Argentina 27.00 37.80 4.70 36.93 43.63 2.11 23.75 Brazil 33.21 122.00 0.18 44.52 46.51 76.18 32.70 Paraguay 0.44 10.30 0.01 3.87 3.94 6.03 0.77 Major Importers 4/ 22.79 19.19 124.51 116.06 140.35 0.43 25.71 China 20.12 15.28 94.10 90.00 106.30 0.13 23.06 European Union 1.15 2.54 14.58 14.95 16.60 0.28 1.40 Southeast Asia 1.15 0.69 7.71 3.46 8.64 0.02 0.88 Mexico 0.15 0.43 4.87 5.25 5.29 0.00 0.17 2018/19 Est. Beginning Stocks Production Import s Domes tic C rus h Domes tic Tota l Exports Ending Stocks World 2/ 98.79 362.07 146.60 299.64 346.49 148.56 112.41 World Less China 75.73 346.17 63.60 214.64 244.39 148.44 92.67 United States 11.92 123.66 0.46 56.74 61.20 47.49 27.36 Total Foreign 86.87 238.41 146.13 242.90 285.29 101.07 85.05 Major Exporters 3/ 57.23 184.13 6.51 88.43 98.06 92.05 57.76 Argentina 23.75 55.30 6.35 41.25 48.15 7.90 29.35 Brazil 32.70 117.00 0.15 43.20 45.85 75.80 28.20 Paraguay 0.77 9.00 0.01 3.90 3.98 5.60 0.20 Major Importers 4/ 25.71 19.77 115.82 113.40 138.69 0.32 22.29 China 23.06 15.90 83.00 85.00 102.10 0.12 19.74 European Union 1.40 2.66 15.20 16.30 17.96 0.17 1.14 Southeast Asia 0.88 0.66 9.09 4.20 9.56 0.04 1.03 Mexico 0.17 0.34 5.23 5.50 5.54 0.00 0.20 2019/20 Proj. Beginning Stocks Production Imports Domes tic C rus h Domes tic Tota l Exports Ending Stocks World 2/ Aug 114.53 341.83 148.87 307.08 354.32 149.17 101.74 Sep 112.41 341.39 148.20 306.23 353.41 149.39 99.19 World Less China Aug 94.33 324.83 63.87 222.08 251.62 149.05 82.37 Sep 92.67 324.29 63.20 221.23 250.71 149.27 80.17 United States Aug 29.13 100.16 0.54 57.56 60.98 48.31 20.54 Sep 27.36 98.87 0.54 57.56 61.04 48.31 17.43 Total Foreign Aug 85.40 241.68 148.32 249.52 293.34 100.87 81.20 Sep 85.05 242.52 147.65 248.67 292.37 101.09 81.76 Major Exporters 3/ Aug 57.81 188.40 4.11 92.78 102.76 92.83 54.73 Sep 57.76 188.40 4.11 92.78 102.76 92.83 54.68 Argentina Aug 30.45 53.00 3.90 45.00 52.15 8.00 27.20 Sep 29.35 53.00 3.90 45.00 52.15 8.00 26.10 Brazil Aug 27.15 123.00 0.20 43.75 46.50 76.50 27.35 Sep 28.20 123.00 0.20 43.75 46.50 76.50 28.40 Paraguay Aug 0.20 10.20 0.01 3.95 4.03 6.20 0.18 Sep 0.20 10.20 0.01 3.95 4.03 6.20 0.18 Major Importers 4/ Aug 22.94 20.94 119.14 113.91 140.06 0.39 22.57 Sep 22.29 20.99 119.14 113.81 139.96 0.39 22.07 China Aug 20.20 17.00 85.00 85.00 102.70 0.13 19.37 Sep 19.74 17.10 85.00 85.00 102.70 0.13 19.02 European Union Aug 1.34 2.65 15.10 16.00 17.66 0.23 1.20 Sep 1.14 2.60 15.10 15.90 17.56 0.23 1.05 Southeast Asia Aug 1.03 0.64 9.89 4.53 10.14 0.04 1.37 Sep 1.03 0.64 9.89 4.53 10.14 0.04 1.37 Mexico Aug 0.20 0.40 5.80 5.95 5.99 0.00 0.41 Sep 0.20 0.40 5.80 5.95 5.99 0.00 0.41 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southe ast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to rounding. September 2019 WASDE - 592 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.21 232.41 59.89 229.32 63.92 12.27 World Less China 13.21 161.13 59.86 159.21 62.72 12.27 United States 0.36 44.66 0.44 32.24 12.72 0.50 Total Foreign 12.85 187.75 59.45 197.08 51.20 11.77 Major Exporters 3/ 7.29 68.59 0.03 25.47 43.28 7.16 Argentina 3.34 27.93 0.00 3.00 25.35 2.92 Brazil 3.32 34.50 0.02 17.71 16.06 4.06 India 0.63 6.16 0.01 4.77 1.86 0.18 Major Importers 4/ 1.90 20.48 38.62 58.96 0.66 1.38 European Union 0.49 11.81 18.35 30.04 0.40 0.21 Mexico 0.04 4.15 1.82 5.95 0.02 0.04 Southeast Asia 5/ 1.28 2.70 16.72 19.42 0.25 1.04 2018/19 Est. Beginning Stocks Production Imports Dome s tic Tota l Exports Ending Stocks World 2/ 12.27 234.81 63.25 231.37 67.24 11.72 World Less China 12.27 167.49 63.23 165.01 66.27 11.72 United States 0.50 44.31 0.64 32.57 12.47 0.41 Total Foreign 11.77 190.50 62.62 198.80 54.77 11.31 Major Ex porters 3/ 7.16 72.50 0.04 26.80 46.65 6.26 Argentina 2.92 31.15 0.00 3.19 28.20 2.69 Brazil 4.06 33.50 0.03 18.13 16.10 3.36 India 0.18 7.85 0.02 5.48 2.35 0.21 Major Importers 4/ 1.38 22.31 39.22 60.81 0.58 1.52 European Union 0.21 12.88 18.30 30.79 0.35 0.25 Mexico 0.04 4.35 2.00 6.33 0.02 0.05 Southeast Asia 5/ 1.04 3.28 17.15 20.12 0.22 1.13 2019/20 Proj. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ Aug 11.75 240.64 64.39 236.86 68.32 11.61 Sep 11.72 239.96 65.34 236.98 68.18 11.85 World Less China Aug 11.75 173.32 64.34 170.39 67.42 11.61 Sep 11.72 172.64 65.29 170.51 67.28 11.85 United States Aug 0.41 45.04 0.45 33.11 12.43 0.36 Sep 0.41 45.04 0.45 33.11 12.43 0.36 Total Foreign Aug 11.35 195.60 63.93 203.75 55.89 11.24 Sep 11.31 194.92 64.88 203.87 55.75 11.49 Major Exporters 3/ Aug 6.32 75.55 0.04 28.10 47.55 6.26 Sep 6.26 75.71 0.04 28.15 47.60 6.26 Argentin a Aug 2.69 34.00 0.00 3.40 30.50 2.79 Sep 2.69 34.00 0.00 3.40 30.50 2.79 Brazil Aug 3.36 33.95 0.03 18.95 15.20 3.19 Sep 3.36 33.95 0.03 18.95 15.20 3.19 India Aug 0.28 7.60 0.02 5.75 1.85 0.29 Sep 0.21 7.76 0.02 5.80 1.90 0.29 Major Importers 4/ Aug 1.67 22.71 40.23 62.20 0.60 1.81 Sep 1.52 22.63 40.23 62.05 0.60 1.73 European Union Aug 0.40 12.64 19.00 31.34 0.35 0.35 Sep 0.25 12.56 19.00 31.19 0.35 0.27 Mexico Aug 0.05 4.70 2.13 6.75 0.02 0.12 Sep 0.05 4.70 2.13 6.75 0.02 0.12 Southeast Asia 5/ Aug 1.13 3.54 17.32 20.51 0.23 1.26 Sep 1.13 3.54 17.32 20.51 0.23 1.26 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, S outheast Asia, and Japan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. September 2019 WASDE - 592 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 3.79 55.18 9.79 54.71 10.50 3.56 World Less China 3.12 39.06 9.31 38.21 10.29 2.99 United States 0.78 10.78 0.15 9.70 1.11 0.91 Total Foreign 3.01 44.40 9.64 45.01 9.40 2.65 Major Exporters 3/ 0.74 19.35 0.33 12.28 7.25 0.89 Argentina 0.28 7.24 0.00 3.08 4.13 0.31 Brazil 0.29 8.54 0.05 6.94 1.51 0.42 European Union 0.16 2.84 0.28 2.23 0.90 0.16 Major Importers 4/ 1.37 18.44 5.86 24.48 0.27 0.91 China 0.67 16.13 0.48 16.50 0.21 0.57 India 0.48 1.39 2.98 4.72 0.01 0.12 North Africa 5/ 0.13 0.70 1.53 2.18 0.06 0.13 2018/19 Est. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ 3.56 56.03 10.91 55.42 11.29 3.78 World Less China 2.99 40.80 10.16 39.56 11.11 3.27 United States 0.91 10.99 0.18 10.37 0.93 0.78 Total Foreign 2.65 45.04 10.73 45.06 10.36 3.00 Major Exporters 3/ 0.89 20.11 0.43 12.26 8.06 1.11 Argentina 0.31 8.06 0.00 2.69 5.35 0.33 Brazil 0.42 8.21 0.05 7.16 1.13 0.40 European Union 0.16 3.10 0.38 2.38 0.88 0.38 Major Importers 4/ 0.91 18.01 6.72 24.34 0.27 1.03 China 0.57 15.23 0.75 15.87 0.18 0.51 India 0.12 1.76 3.30 4.95 0.01 0.23 North Africa 5/ 0.13 0.73 1.63 2.28 0.08 0.13 2019/20 Proj. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ Aug 3.78 57.41 11.68 57.25 11.90 3.72 Sep 3.78 57.25 11.61 57.11 11.85 3.68 World Less China Aug 3.27 42.18 10.58 41.03 11.78 3.22 Sep 3.27 42.02 10.51 40.90 11.73 3.18 United States Aug 0.79 11.13 0.20 10.66 0.78 0.68 Sep 0.78 11.13 0.20 10.66 0.78 0.67 Total Foreign Aug 2.99 46.28 11.48 46.59 11.12 3.04 Sep 3.00 46.13 11.41 46.45 11.07 3.01 Major Exporters 3/ Aug 1.15 20.87 0.38 12.43 8.82 1.15 Sep 1.11 20.86 0.41 12.48 8.77 1.13 Argentina Aug 0.33 8.70 0.00 2.84 5.85 0.34 Sep 0.33 8.70 0.00 2.84 5.85 0.34 Brazil Aug 0.40 8.39 0.05 7.20 1.25 0.39 Sep 0.40 8.39 0.05 7.20 1.25 0.39 European Union Aug 0.41 3.04 0.33 2.36 1.00 0.42 Sep 0.38 3.02 0.35 2.41 0.95 0.39 Major Importers 4/ Aug 0.98 18.00 7.31 25.06 0.21 1.02 Sep 1.03 18.04 7.31 25.14 0.21 1.02 China Aug 0.51 15.23 1.10 16.21 0.13 0.50 Sep 0.51 15.23 1.10 16.21 0.13 0.50 India Aug 0.18 1.71 3.50 5.15 0.01 0.23 Sep 0.23 1.75 3.50 5.24 0.01 0.23 North Africa 5/ Aug 0.13 0.73 1.66 2.32 0.08 0.12 Sep 0.13 0.73 1.66 2.32 0.08 0.12 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rou nding. September 2019 WASDE - 592 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2018 III 6,819 6,315 13,189 10,940 1,431 12,515 25,704 2,300 54.0 IV 6,862 7,031 13,952 10,588 1,518 12,239 26,191 2,331 53.4 Annual 26,872 26,315 53,417 42,601 5,878 49,018 102,435 9,115 217.6 2019 I 6,414 6,838 13,308 10,384 1,446 11,957 25,264 2,307 54.5 II 6,814 6,615 13,487 10,933 1,450 12,513 26,000 2,337 55.8 III* 6,935 6,705 13,694 11,300 1,450 12,880 26,574 2,335 53.9 IV* 6,790 7,420 14,267 10,850 1,520 12,497 26,764 2,355 53.8 Annual Aug Proj. 27,043 27,633 54,903 43,311 5,886 49,721 104,624 9,324 217.9 Sep Proj. 26,953 27,578 54,756 43,467 5,866 49,847 104,603 9,334 218.0 2020 I* 6,615 7,115 13,787 10,525 1,455 12,106 25,893 2,310 55.5 II* 7,060 6,785 13,901 11,100 1,465 12,707 26,608 2,340 56.4 Annual Aug Proj. 27,565 28,410 56,203 43,800 5,930 50,276 106,479 9,410 221.4 Sep Proj. 27,670 28,410 56,308 44,000 5,930 50,476 106,784 9,410 221.2 * Projection. 1/ Commercial production for red meats; fede rally inspected for poultry meats. 2/ Beef, pork, veal and lamb & mutton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2018 III 110.83 43.90 93.7 80.4 120.8 16.17 IV 115.32 42.77 86.7 81.4 125.6 17.07 Annual 117.12 45.93 97.8 80.2 137.6 16.26 2019 I 125.27 40.67 94.0 82.8 107.3 16.97 II 118.79 57.95 97.7 85.5 69.7 17.93 III* 107.00 51.00 82.0 91.0 85.0 19.00 IV* 103.00 48.00 75.0 94.0 100.0 19.40 Annual Aug Proj. 116.5 51.0 86.5 88.5 83.5 18.30 Sep Proj. 113.5 49.5 87.0 88.5 90.5 18.35 2020 I* 119.00 55.00 90.0 86.0 87.0 18.90 II* 117.00 60.00 101.0 88.0 88.0 18.65 Annual Aug Proj. 119 59 92 90 97 18.80 Sep Proj. 115 59 92 90 99 18.85 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8 -16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. September 2019 WASDE - 592 - 32 U.S. Meats Supply and Us e Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2018 649 26,938 2,998 30,585 3,161 662 26,762 57.2 2019 Proj. Aug 662 27,109 3,045 30,816 3,151 660 27,005 57.4 Sep 662 27,019 3,030 30,711 3,141 670 26,900 57.2 2020 Proj. Aug 660 27,631 2,960 31,251 3,245 665 27,341 57.8 Sep 670 27,736 2,960 31,366 3,245 675 27,446 58.0 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2018 554 26,330 1,042 27,926 5,876 559 21,491 50.9 2019 Proj. Aug 559 27,647 956 29,162 6,455 600 22,107 52.1 Sep 559 27,592 956 29,107 6,530 600 21,977 51.8 2020 Proj. Aug 600 28,424 915 29,939 6,945 650 22,344 52.3 Sep 600 28,424 915 29,939 7,065 640 22,234 52.1 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2018 1,246 53,507 4,313 59,066 9,043 1,266 48,757 109.5 2019 Proj. Aug 1,266 54,992 4,271 60,529 9,613 1,301 49,615 110.8 Sep 1,266 54,845 4,244 60,355 9,678 1,310 49,367 110.2 2020 Proj. Aug 1,301 56,293 4,144 61,738 10,197 1,354 50,187 111.4 Sep 1,310 56,398 4,144 61,852 10,317 1,353 50,182 111.4 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2018 856 42,145 139 43,140 7,069 845 35,227 92.4 2019 Proj. Aug 845 42,848 128 43,820 7,121 845 35,854 93.5 Sep 845 43,002 130 43,976 7,131 845 36,001 93.9 2020 Proj. Aug 845 43,331 132 44,308 7,250 840 36,218 93.9 Sep 845 43,529 132 44,506 7,250 840 36,416 94.4 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2018 310 5,878 19 6,206 611 303 5,293 16.2 2019 Proj. Aug 303 5,886 15 6,204 627 295 5,281 16.0 Sep 303 5,866 15 6,184 627 295 5,261 16.0 2020 Proj. Aug 295 5,930 16 6,241 630 310 5,301 16.0 Sep 295 5,930 16 6,241 630 310 5,301 16.0 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2018 1,170 48,562 160 49,892 7,764 1,153 40,975 110.0 2019 Proj. Aug 1,153 49,257 145 50,555 7,827 1,147 41,582 110.9 Sep 1,153 49,381 147 50,682 7,837 1,147 41,698 111.2 2020 Proj. Aug 1,147 49,807 151 51,105 7,960 1,158 41,987 111.3 Sep 1,147 50,005 151 51,303 7,960 1,158 42,185 111.8 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2018 2,416 102,069 4,473 108,958 16,807 2,419 89,732 219.5 2019 Proj. Aug 2,419 104,249 4,417 111,085 17,440 2,448 91,197 221.7 Sep 2,419 104,227 4,392 111,037 17,515 2,457 91,065 221.4 2020 Proj. Aug 2,448 106,100 4,295 112,843 18,157 2,512 92,174 222.7 Sep 2,457 106,402 4,295 113,154 18,277 2,511 92,366 223.2 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready -to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. September 2019 WASDE - 592 - 33 U.S. Egg Supply and Use Commodity 2017 2018 2019 Proj. 2019 Proj. 2020 Proj. 2020 Proj. Aug Sep Aug Sep Eggs Million Dozen Supply Beginning Stocks 142.2 87.5 78.8 78.8 95.0 95.0 Production 8,942.7 9,114.6 9,324.0 9,334.0 9,410.0 9,410.0 Imports 34.2 17.8 16.5 16.5 16.0 16.0 Total Supply 9,119.1 9,220.0 9,419.3 9,429.3 9,521.0 9,521.0 Use Exports 354.9 333.1 314.3 314.3 300.0 300.0 Hatching Use 1,035.2 1,057.5 1,068.1 1,068.1 1,090.0 1,090.0 Ending Stocks 87.5 78.8 95.0 95.0 95.0 95.0 Disappearance Total 7,641.5 7,750.6 7,941.8 7,951.8 8,036.0 8,036.0 Per Capita (number) 281.8 284.0 289.3 289.7 291.0 291.0 Tota l U.S. Milk Supply and Use Commodity 2017 2018 2019 Proj. 2019 Proj. 2020 Proj. 2020 Proj. Aug Sep Aug Sep Milk Billion Pounds Production 215.5 217.6 217.9 218.0 221.4 221.2 Farm U se 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 12.7 13.4 13.8 13.8 13.0 13.0 Marketings 214.5 216.6 216.9 217.0 220.3 220.2 Imports 6.0 6.3 7.2 7.0 7.0 6.9 Total Cml. Supply 233.2 236.3 237.8 237.7 240.3 240.1 Fat Basis Use Commercial Exports 9.2 10.4 9.4 9.3 9.9 9.6 Ending Commercial Stocks 13.4 13.8 13.0 13.0 13.0 13.0 CCC Donations 0.0 0.0 0.2 0.2 0.0 0.2 Domestic Commercial Use 210.6 212.1 215.2 215.2 217.5 217.3 Skim -solid Basis Supply Beg. Commerci al Stocks 9.5 11.8 10.7 10.7 10.0 10.0 Marketings 214.5 216.6 216.9 217.0 220.3 220.2 Imports 6.1 5.5 5.5 5.9 5.2 5.6 Total Cml. Supply 230.1 233.8 233.1 233.5 235.5 235.9 Skim -solid Basis Use Commercial Exports 40.8 44.7 40.6 40.2 42.4 42.6 Ending Commercial Stocks 11.8 10.7 10.0 10.0 10.1 9.8 CCC Donations 0.0 0.0 0.2 0.2 0.0 0.1 Domestic Commercial Use 177.5 178.5 182.3 183.2 183.1 183.4 Tota l Note: Totals may not add due to rounding. September 2019 WASDE - 592 - 34 U.S. Dairy Prices Commodity 2017 2018 2019 Proj. 2019 Proj. 2020 Proj. 2020 Proj. Aug Sep Aug Sep Product Prices 1/ Dollars Per Pound Cheese 1.6344 1.5377 1.685 1.700 1.725 1.775 Butter 2.3303 2.2572 2.320 2.265 2.335 2.225 Nonfat Dry Milk 0.8666 0.7945 1.005 1.015 1.015 1.035 Dry Whey 0.4437 0.3422 0.380 0.390 0.360 0.375 Filler Dollars Per Cwt Milk Prices 2/ Class III 16.17 14.61 16.30 16.45 16.55 17.05 Class IV 15.16 14.23 16.30 16.15 16.45 16.15 All Milk 3/ 17.65 16.26 18.30 18.35 18.80 18.85 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly pric es received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation. September 2019 WASDE - 592 - 35 Reliability of September Projections 1/ Note: Tables on pages 35 -37 present a record of the September projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 2 perc ent. Chances are 9 out of 10 (90% confidence level) that the differen ce will not exceed 3.3 percent. The average difference between the September projection and the final estimate is 8.9 million tons, ranging from 0.9 million to 30.7 million tons. The September projection has been below the estimate 25 times and above 13 ti mes. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Produc tion World 2.0 3.3 8.9 0.9 30.7 25 13 U.S. 1.9 3.1 0.8 0.0 2.5 16 22 Foreign 2.2 3.8 9.0 1.0 30.9 26 12 Exports World 5.9 10.0 6.3 0.3 22.0 29 9 U.S. 10.4 17.6 2.6 0.2 10.0 17 21 Foreign 7.3 12.4 6.0 0.2 21.4 28 10 Domestic Use World 1.7 2.8 7.1 0.2 23.4 21 17 U.S. 7.3 12.5 2.0 0.0 5.5 12 26 Foreign 1.7 2.8 7.2 0.1 21.0 25 13 Ending Stocks World 8.1 13.8 9.9 1.5 29.6 30 8 U.S. 14.5 24.6 2.8 0.5 12.4 22 16 Foreign 8.9 15.1 8.6 0.5 27.1 29 9 COARSE GRAINS 2/ Production World 2.2 3.7 17.6 0.2 50.6 29 9 U.S. 4.2 7.1 7.8 0.2 26.0 25 13 Foreign 2.6 4.4 15.9 1.0 59.9 28 10 Exports World 7.1 12.1 7.0 0.1 25.2 27 11 U.S. 19.8 33.5 7.4 0.4 19.1 16 22 Foreign 13.8 23.4 8.0 0.7 20.9 25 13 Domestic Use World 1.6 2.7 12.3 0.4 39.0 23 15 U.S. 3.7 6.3 6.4 0.1 15.8 24 14 Foreign 1.8 3.1 11.1 0.4 37.8 25 13 Ending Stocks World 14.4 24.5 19.9 1.7 170.3 29 9 U.S. 23.4 39.7 8.6 0.1 32.2 16 22 Foreign 16.6 28.2 15.7 0.7 155.3 31 7 RICE, milled Production World 2.3 3.9 6.4 0.4 24.1 29 9 U.S. 4.4 7.5 0.2 0.0 0.5 21 16 Foreign 2.4 4.0 6.4 0.3 24.4 29 9 Exports World 9.2 15.6 1.7 0.1 6.8 27 11 U.S. 11.4 19.4 0.2 0.0 0.9 19 17 Foreign 10.3 17.5 1.6 0.1 6.8 27 11 Domestic Use World 1.8 3.1 4.2 0.4 22.7 30 8 U.S. 6.8 11.6 0.2 0.0 0.5 17 20 Foreign 1.8 3.1 4.2 0.2 23.1 30 8 Ending Stocks World 12.5 21.2 6.4 0.5 26.9 32 6 U.S. 22.8 38.7 0.2 0.0 0.9 21 17 Foreign 13.6 23.1 6.4 0.2 26.7 32 6 1/ Footnotes at end of table. CONTINUED September 2019 WASDE - 592 - 36 Reliability of September Projections (Continued) 1/ Differences bet ween forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 4.6 7.8 7.2 0.4 27.4 23 15 U.S. 5.1 8.6 3.0 0.2 10.4 21 17 Foreign 7.5 12.8 6.7 0.9 29.1 18 20 Exports World 7.3 12.4 3.5 0.2 12.5 25 13 U.S. 12.5 21.1 3.0 0.1 9.8 23 15 Foreign 17.7 30.1 2.8 0.0 10.5 17 21 Domestic Use World 3.3 5.7 4.7 0.0 15.1 24 14 U.S. 4.5 7.7 1.7 0.1 4.5 25 13 Foreign 4.1 7.0 4.6 0.0 11.2 24 14 Ending Stocks World 17.9 30.3 5.4 0.2 24.8 22 16 U.S. 38.2 64.9 2.2 0.1 6.6 12 26 Foreign 19.8 33.7 4.8 0.0 24.7 23 14 COTTON Million 480 -Pound Bales Production World 4.7 8.0 3.2 0.1 12.6 23 15 U.S. 6.1 10.4 0.8 0.0 2.4 19 18 Foreign 5.3 9.1 2.9 0.0 11.3 24 14 Exports World 9.3 15.8 2.3 0.0 10.1 23 15 U.S. 20.9 35.4 1.2 0.1 3.4 21 17 Foreign 12.1 20.5 1.8 0.1 8.8 21 17 Domestic Use World 4.0 6.8 3.0 0.1 13.1 15 23 U.S. 8.4 14.3 0.4 0.0 1.3 17 19 Foreign 4.1 6.9 2.9 0.0 12.3 16 21 Ending Stocks World 14.3 24.2 5.3 0.2 15.9 26 12 U.S. 35.9 61.0 1.3 0.1 5.1 16 22 Foreign 14.7 24.9 4.9 0.2 16.0 26 12 1/ Marketing years 1981/82 t hrough 2018/19 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2017/18, and for 2018/19 the last month’s estimate. 2/ Includes corn, sorgh um, barley, oats, rye, millet, and mixed grain. September 2019 WASDE - 592 - 37 Reliability of United States September Projections 1/ Differences between forecast and final estimate 90 percent Year s Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 4.4 7.5 292 15 885 25 13 Exports 20.5 34.8 265 46 725 16 22 Domestic Use 4.1 6.9 253 0 575 24 13 Ending Stocks 26.7 45.3 322 2 1,321 16 22 SORGHUM Production 6.1 10.4 24 0 81 16 21 Exports 31.4 53.3 40 0 150 19 18 Domestic Use 24.3 41.2 39 0 120 19 17 Ending Stocks 47.9 81.4 32 1 155 12 26 BARLEY Production 4.9 8.2 11 1 36 15 23 Exports 65.2 110.6 13 0 82 15 18 Domestic Use 9.9 16.8 23 0 72 12 24 Ending Stocks 17.7 30.0 19 0 70 19 18 OATS Production 9.6 16.3 11 0 44 6 31 Exports 97.7 165.8 1 0 8 10 14 Domestic Use 6.6 11.1 14 1 39 11 27 Ending Stocks 23.2 39.4 14 2 47 19 19 SOYBEAN MEAL Thous and Short Tons Production 4.4 7.4 1,321 93 4,200 25 13 Exports 14.5 24.6 907 34 4,100 22 16 Domestic Use 3.7 6.3 776 26 3,200 23 15 Ending Stocks 40.0 67.9 52 0 368 14 13 SOYBEAN OIL Million Pounds Production 4.6 7.8 623 26 2,635 24 14 Exports 34.0 57.8 424 0 1,675 20 17 Domestic Use 4.2 7.1 478 86 2,150 25 13 Ending Stocks 30.6 51.9 435 60 1,357 21 17 ANIMAL PROD. Million Pounds Beef 4.1 6.9 807 32 2,486 26 11 Pork 3.0 5.1 399 5 1,356 22 15 Broilers 2.1 3.6 510 49 1,379 22 15 Turkeys 3.7 6.4 144 2 444 21 16 Million Dozen Eggs 1.9 3.2 110 4 414 25 12 Billion Pounds Milk 1.6 2.8 1.8 0.0 7.2 20 12 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2018/19 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2017/18, and for 2018/19 the last month’s estimate. Calendar years 1982 through 2018 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2018. WASDE -592-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Convers ion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 USDA NASS Data Users’ Meeting Tuesday, October 15 , 2019 American Farm Bureau Federation 600 Maryland Ave SW #1000w Washington, DC 20024 USDA’s National Agricultural Statistics Service will hold an open forum for users of U.S. domestic and international agriculture data. NASS is organizing the Data Users’ Meeting in cooperation with five other USDA agencies – Agricultural Marketing Service, Economic Research Service, Farm Service Agency, Foreign Agricultural S ervice, and World Agricultural Outlook Board – and the Census Bureau’s Foreign Trade Division. Agency representatives will provide updates on recent and pending changes in statistical and information programs important to agriculture, answer questions, and welcome comments and input from data users. For registration details and additional information about the Data Users’ Meeting, see the meeting page on the NASS website ( https://www.nass.usda.gov/Education_and_Outreach/Meeting/index.php ). Contact Vernita Murray (NASS) at 202 -690- 8141 or [email protected] or Patricia Snipe (NASS) at 202-720- 2248 or [email protected] for information. For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ To subscribe to receive WASDE -related notifications by email or text message visit https://public.govdelivery.com/accounts/USDAOC/subscriber/new?topic_id=USDAOC_223 . Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at 202 -720-5447 or [email protected] World Agricultural Supply a nd Demand Estimates WASDE- 592 – September 12, 2019 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should cont act USDA’s TARGET Center at 202 - 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250 -9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 602 Approved by the World Agricultural Outlook Board July 10, 2020 WHEAT: The outlook for 2020/21 U.S. wheat this month is for larger supplies, lower domestic use, unchanged exports, and increased stocks. Supplies are raised as larger beginning stocks more than offset lower production. Beginning stocks are increased on the NAS S Grain Stocks report, issued June 30, which indicated higher 2019/20 ending stocks than previously estimated. This also resulted in lowering 2019/20 feed and residual use by 61 million bushels to 74 million. Wheat production for 2020/21 is reduced 53 mi llion bushels to 1,824 million. Winter wheat production is lowered 48 million bushels to 1,218 million with reductions in Hard Red Winter and Soft Red Winter. The initial 2020/21 survey -based production forecasts for other spring and Durum were issued this month by NASS. Other spring wheat is less than last year at 550 million bushels on lower forecast yields while Durum is higher at 56 million on increased harvested area. Domestic use is 10 million bushels lower this month, all on reduced feed and resi dual use as 2020/21 U.S. corn supplies are still projected significantly larger than last year. Projected 2020/21 exports are unchanged at 950 million bushels but there were several offsetting by -class changes this month. Ending stocks for 2020/21 are projected 17 million bushels higher than last month at 942 million. The projected season -average farm price (SAFP) is unchanged at $4.60 per bushel, compared to the revised 2019/20 SAFP of $4.58. The 2020/21 global wheat outlook is for smaller supplies, reduced consumption, lower exports, and decreased stocks. Supplies are reduced 2.9 million tons to 1,066 million as larger beginning stocks are more than offset by reduced production, primarily in the EU, United States, Morocco, and Russia. EU production is lowered 1.5 million tons to 139.5 million, mainly on reductions for France and Spain. If realized, this would be the smallest EU wheat production since 2012/13. Morocco is lowered 800,000 tons to 2.7 million, the smallest output since 2007/08, primarily on updated government estimates. Russia is reduced 500,000 tons to 76.5 million as lower winter wheat production is partially offset by increased spring wheat output. Projected 2020/21 global trade is reduced 0.8 million tons to 188.0 million as lower EU exports are only partially offset by higher Australian exports. World consumption is lowered 1.6 million tons to 751.6 million, primarily on reduced feed and residual use in the EU, the United States, and Morocco. Projected 2020/21 world ending stocks are lowered 1.3 million tons to 314.8 million but remain record- large with China and India accounting for 51 and 10 percent of the total, respectively. COARSE GRAINS: This month’s 2020/21 U.S. corn outlook is for sharply lower supplies, reduced feed and residual use, increased food, seed, and industrial use, and lower ending stocks. Corn beginning stocks are raised 145 million bushels, based on lower use forecasts for 2019/20. Feed and residual use for 2019/20 is lower based on indicated disappearance during the first three quarters of the marketing year as reported in the June 30 Grain Stocks . Food, seed, and industrial use is lowered 45 million bushels. Corn used f or ethanol is lowered 50 million bushels based on reported use to date and weekly ethanol production data reported by the Energy Information Administration during the month of June and into early July. Projected corn used for glucose and dextrose and star ch are both raised, while that used for high fructose corn syrup is lowered. For 2020/21, corn production is forecast 995 million bushels lower based on reduced planted and harvested areas from the June 30 Acreage report. The national average corn yield is unchanged at 178.5 bushels per acre. During June, harvested -area weighted precipitation for the major corn WASDE- 602-2 producing states as reported by the National Centers for Environmental Information was below normal, but did not represent an extreme deviation from the 1988 to 2019 average. Silking as reported in the Crop Progress report is slower than the recent historical average and for much of the crop the critical pollination period will be during middle and late July. Projected feed and residual use is lowered 200 million bushels, reflecting a smaller crop and higher expected prices. Food, seed, and industrial use is raised 25 million bushels, based on projected increases in the amount of corn used for beverage and manufacturing, starch, and glucose and dextrose. Small revisions are made to historical trade and utilization estimates based on the 13 th month trade data revisions from the Census Bureau. With supply declining more than use, stocks are lowered 675 million bushels to 2.6 billion. The season -average corn price received by producers is raised 15 cents to $3.35 per bushel. This month’s 2020/21 foreign coarse grain outlook is for virtually unchanged production, slightly higher trade, and lower stocks relative to last month. Foreign corn production is virtually unchanged from last month, as forecast increases for Russia and Bolivia are essentially offset by a reduction for Canada. Barley pro duction is lowered for the EU and Morocco but raised for Canada. Major global trade changes for 2020/21 include larger corn imports for Canada and Algeria, with a partly offsetting reduction for Kenya. For 2019/20, corn exports are raised for Argentina but lowered for Brazil for the local marketing year beginning March 2020 based on observed data through early July. China’s corn feed and residual use for 2019/20 and 2020/21 is raised from last month, based on a faster -than- expected rebound in soybean meal equivalent protein consumption and current corn prices. Foreign corn ending stocks for 2020/21 are lowered from last month, with the largest declines for China, Argentina, the EU, Canada, and Mexico. RICE : The outlook for both 2019/20 and 2020/21 U.S. rice is for increased supplies, higher domestic use, and lower exports while ending stocks are reduced for 2019/20 and increased for 2020/21. All rice supplies for 2020/21 are raised 3.5 million cwt this month based on a 4.5 -million -cwt production increase and a 1.0 -million -cwt import increase, which are partially offset by a 2.0- million -cwt reduction in beginning stocks. The NASS Rice Stocks report, and surging imports, implied significantly higher domestic and residual use than previously estimated for 2019/20. Imports for both 2019/20 and 2020/21 are raised to record -high levels, primarily reflecting strong demand for imported Asian aromatic varieties. Long -grain production for 2020/21 is raised 6.3 million cwt to 161.8 million on increased planted acreage, and combined medium - and short -grain production is lowered 1.8 million to 58.9 million on reduced area, based on the June 30 NASS Acreage report. Rising domestic and residual use is expected to continue in 2020/21. Exports for 2019/20 are low ered 1.5 million cwt on continued uncompetitive prices for U.S. long grain as well as recent cancelations of outstanding sales; 2020/21 exports are lowered 1.0 million cwt (though still up 3. 5 million cwt from the previous market year) on expectations of c ontinued strong international competition for long grain exports. All rice ending stocks for 2020/21 are raised 0.5 million cwt to 43.8 million and the season -average farm price for all rice is lowered $0.20 per cwt to $12.70. Global 2020/21 rice supplies are raised fractionally on higher beginning stocks and production. The higher 2020/21 beginning stocks stem from several 2019/20 changes including a 0.9 -million -ton production increase that is only partially offset by increased domestic and residual use. Global 2020/21 production and domestic use are each raised 0.5 million tons, and both remain record high. With supplies rising more than use, global 2020/21 ending stocks are a record high 185.8 million tons with China and India respectively holding 63 percent and 21 percent. OILSEEDS: U.S. oilseed production for 2020/21 is projected at 122.8 million tons, down 0.4 million from last month, with increases for soybeans and peanuts offset with reductions for canola, sunflowerseed, and cottonseed. Soybean production is projected at 4.14 billion bushels, up 10 million on increased harvested area. Harvested area, forecast at 83.0 million acres in the June 30 Acreage report, is up 0.2 million from last month. The soybean yield forecast is unchanged at 49.8 bushels per acre. With higher beginning stocks, 2020/21 soybean supplies are raised 45 million bushels. Soybean crush is raised 15 million bushels reflecting an increase in domestic soybean meal WASDE- 602-3 disappearance which is raised in line with an increase for 2019/20. With projections for expor ts unchanged, 2020/21 soybean ending stocks are increased 30 million bushels to 425 million. Soybean changes for 2019/20 include higher crush, lower residual use, and higher ending stocks. Soybean residual use is reduced 50 million bushels, reflecting June 1 soybean stocks reported in the recent Grain Stocks report , and reported soybean use through May. Soybean ending stocks for 2019/20 are projected at 620 million bushels, up 35 million from last month. The U.S. season- average soybean price for 2020/21 is forecast at $8.50 per bushel, up $0.30 partly reflecting higher price expectations following the June Acreage report. The soybean meal price is projected at $300.00 per short ton, up $10.00 from last month. The soybean oil price forecast is unchanged at 29.0 cents per pound. The 2020/21 global oilseed supply and demand forecasts include lower production, lower exports, higher crush, and lower ending stocks compared to last month. Global oilseed production is reduced 2.0 million tons to 604.2 million on lower rapeseed, cottonseed, and soybean production. Canola production is lowered for Canada based on updated government data. Soybean production is lowered for Canada and Uruguay, resulting in lower 2020/21 exports for both countries. The 2020/21 global soybean ending stocks are reduced 1.3 million tons to 95.1 million as lower stocks for Brazil and China are partly offset by higher U.S. stocks. Lower foreign stocks reflect notable balance sheet revisions for Brazil in 2019/20 and China in 2019/20 and 2020/21. For Brazil, the 2019/20 crop is increased 2 million tons to 126 million, reflecting higher yields. Exports are increased 4 million tons to 89 million, leading to a 2 -million -ton reduction to ending stocks. The local year exports (February 2020- January 2021) are also increased 2.5 million tons to 79.5 million. China’s 2019/20 balance sheet changes include a 2- million -ton increase in imports to 96 million and a 1-million -ton increase to crush, resulting in higher ending stocks. For 2020/21, China’s higher beginning stocks are offset by higher crush, leading to lower ending stocks. With these changes, China’s year -over-year soybean meal domestic disappearance growth remains at 7 percent. SUGAR : U.S. sugar supply for 2020/21 is increased 187,367 short tons, raw value (STRV) to 13.921 million based on an increase in beginning stocks and production only partially offset by a reduction in imports. An increase in beginning stocks of 140,070 STRV results from increases in 2019/20 FTA TRQ imports from the implementation of USMCA and in 2019/20 imports from Mexico. Combined national beet sugar production and cane sugar production in 2020/21 are increased by 85,000 STRV based on projected increases in area harvested reported in the NASS Acreage report. TRQ imports for 2020/21 are increased by the quantity of specialty sugar beyond the WTO minimum as announced by the Secretary of Agriculture (154,323 STRV) and by projected FTA imports from Canada under USMCA (30,581 STRV). Imports from Mexico are projected at 1.079 million STRV, a reduction of 222,607 from la st month. Net imports for 2020/21 are thereby reduced 37,703 STRV. There are no changes to use. Ending stocks are projected at 1.656 million STRV for an ending stocks -to-use ratio of 13.5 percent. Under the USMCA effective July 1, 2020, Canada is to receive a calendar year export allotment of 9,600 metric tons (MT) of refined beet sugar for the entry into the U.S. market. USTR set the allotment for the remainder of 2020 at 4,800 MT, one -half of the annual amount. The allotment for 2021 is assumed at the full statutory level. USTR also granted Canada 20 percent of the 181,437 MT additional refined sugar TRQ established in April before the implementation of the USMCA. The 20- percent level of any addition to the refined sugar TRQ is set out in the USMCA and only applies in this case to calendar year 2020. These allocated amounts are prorated on a quarterly basis across the final two quarters of 2020 and the first three quarters of 2021. WASDE- 602-4 Mexico production for 2019/20 is estimated at 5.282 million MT. This is an increase of 52,000 MT over last month mostly on better yields . FAS Mexico City Post reporting supports downward adjustments of 43,604 MT reflecting combined lower deliveries to the IMMEX re -export program and for human consumption . Required ending stocks to meet delivery needs for the 2.5 months before the start of the 2020/21 sugarcane campaign are lowered on the basis of lower projected deliveries in 2020/21. The net result of these changes is to increase residually determined exportable supply by 119,979 MT. Exports to the United States are increased to 1.194 million MT. Raw exports to the United States are estimated between 740,000 and 757,000 MT from 2019/20 production and beginning raw sugar stock levels. Mexico sugar supply and use f or 2020/21 has fewer beginning stocks, lower projected deliveries for IMMEX and human consumption, and reduced stocks. The net effect is to increase exports by 117,000 MT to 1.731 million. Exports to the United States are reduced to 923,253 MT on calcula ted U.S. Needs as set out in the AD/CVD Suspension Agreements. Exports to third- country destinations are residually increased to 807,747 MT. LIVESTOCK, POULTRY, AND DAIRY : The forecast for 2020 red meat and poultry production is raised from last month. The beef production forecast is raised primarily on higher cattle slaughter and heavier carcass weights. USDA will release the Cattle report on July 24, providing a mid -year estimate of U.S. cattle inventory as well as producer intentions regarding retention of heifers for beef cow replacement. Forecast pork production is raised from last month largely on higher expected second -half commercial hog slaughter. Broiler product ion is raised on recent hatchery data while turkey production is lowered on recent production and hatchery data. Egg production is lowered from last month on a reduced laying flock and a reduction in eggs per layer. For 2021, the red meat and poultry production forecast is raised as higher expected beef, pork , and broiler production more than offsets lower forecast turkey production. Forecast beef production is raised from the previous month as higher expected placements in late 2020 and early 2021 will result in higher marketings. The pork production forecast is raised as the sector continues to adjust to the effects of COVID -19. Broiler production is raised from last month while turkey and egg production forecasts are reduced. The beef import forecast is raised for 2020, but the export forecast is lowered from the previous month on recent trade data. The 2021 beef trade forecasts are unchanged from last month. Pork export forecasts for 2020 and 2021 are raised from last month as international demand is expected to remain robust. The 2020 broiler export forecast is reduced on recent trade data, but no change is made to the 2021 forecast. Turkey export forecasts are lowered for 2020 and 2021 on weak import demand from key trading partners. Cattle p rice forecasts for 2020 are lowered from last month on prices to date and continued large supplies of fed cattle. Forecast 2021 cattle prices are unchanged. The 2020 hog price forecast is reduced on current price weakness and supply pressure. The 2021 h og price forecast is also reduced on higher hog supplies. Broiler prices for 2020 are raised fractionally on slightly higher second -quarter prices; no change is made to the 2021 broiler price. Turkey price forecasts for 2020 and 2021 are raised as produc tion is reduced. The 2020 egg price forecast is reduced on current price weakness, but the 2021 egg price forecast is unchanged. The milk production forecast for 2020 is lowered from last month largely on slower growth in milk per cow. However, the 2021 milk production forecast is raised from last month on expectations of dairy herd rebuilding and a recovery in growth in milk per cow. USDA’s Cattle report, to be released on July 24, will provide a mid -year estimate of the dairy cow inventory and producer intentions regarding retention of heifers for dairy cow replacement. WASDE- 602-5 For 2020, the fat basis import forecast is raised from the previous month on higher imports of butter, while the fat basis export forecast is raised on increased shipments of cheese and butterfat products. The skim -solids basis import forecast is unchanged from the previous month, but the export forecast is raised on higher expected exports of dry skim milk products and lactose. Price forecasts for cheese, butter, and nonfat dry milk are raised from the previous month on recent price strength and anticipa ted demand strength. The whey price forecast is lowered from last month. Class III and Class IV milk prices are raised for 2020, and t he all milk price forecast is raised to $18.25 per cwt. For 2021, the fat basis import and export forecasts are raised. The skim -solids basis import forecast is unchanged, but the export forecast is raised on strong international demand for skim milk powder. For 2021, cheese, butter, and nonfat dry milk price forecasts are raised from the previous month while the whey price is unchanged. The 2021 Class III and Class IV milk price forecasts are raised from last month, and t he all milk price forecast is raised to $17.05 per cwt. COTTON : The U.S. 2020/21 cotton projections show lower production, exports, and stocks compared with last month. Beginning stocks are 200,000 bales lower due to higher 2019/20 exports, but exports in 2020/21 are reduced 1 million bales as a 2 -million -bale decline in projected output reduces exportable supplies. U.S. planted area is 1.5 million acres lower this month, as indicated in the June 30 Acreage report. Ending stocks are projected at 6.8 million bales, 1.2 million lower than in June, and equivalent to 38 percent of use. The projected price received by U.S. upland cotton producers is 59 cents this month, 2 cents higher than in June. Global projected ending stocks in 2020/21 are lower this month as well, down 1.9 million bales, largely due to a 2.5- million -bale reduction in projected world production. While the United States accoun ted for most of the global decline in production, projections were also reduced for Turkey, Tanzania, and Mexico, more than offsetting a 200,000- bale increase for Pakistan. Consumption in 2020/21 is projected 115,000 bales lower this month. At 114.3 million bales, consumption is expected to rise 11.7 percent from the previous year’s recession -reduced level. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Mark Jekanowski , (202) 720- 6030. This repo rt was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: STEPHEN CENSKY SECRETARY OF AGRICULTURE DESIGNATE WASDE- 602-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers, ICEC Chair, WAOB, [email protected] Jennifer Bond, ERS; Andrew Sowell, FAS; Pete Riley, FPAC. Rice: William Chambers, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS; Vidalina Abadam, FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Tom Capehart, ERS; Yoonhee Macke, FAS; Sharon Raszap, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Mark Ash, ERS; Bill George, FAS; Gustavo Ferreira , FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; James Johnson, FAS; Kent Lanclos , FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Michael McConnell, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Lindsay Kuberka, FAS; Georgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICE C Chair, WAOB, [email protected] Peyton Ferrier, AMS; Kim Ha, ERS; Claire Mezoughem, FAS ; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS ; Georgi Gabr ielyan, FPAC. In 2020, the WASDE report will be released on Aug 12, Sep 11, Oct 9, Nov 10, and Dec 10. WASDE- 602-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton S upply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Production .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 July 2020 WASDE - 602 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2018/19 2624.63 3443.55 429.30 2639.57 803.98 2019/20 (Est.) 2666.86 3470.84 435.82 2650.26 820.58 filler filler filler filler filler 2020/21 (Proj.) Jun 2760.13 3580.95 451.38 2708.42 872.53 2020/21 (Proj.) Jul 2730.34 3550.92 450.93 2703.70 847.22 filler filler filler filler filler Wheat 2018/19 730.89 1015.00 173.58 735.20 279.80 2019/20 (Est.) 764.83 1044.63 188.08 747.51 297.12 filler filler filler filler filler 2020/21 (Proj.) Jun 773.43 1069.28 188.85 753.19 316.09 2020/21 (Proj.) Jul 769.31 1066.43 188.04 751.59 314.84 filler filler filler filler filler Coarse Grains 5/ 2018/19 1397.10 1767.81 212.00 1420.44 347.37 2019/20 (Est.) 1406.81 1754.18 206.04 1412.40 341.79 filler filler filler filler filler 2020/21 (Proj.) Jun 1484.61 1828.34 217.64 1457.24 371.09 2020/21 (Proj.) Jul 1458.40 1800.19 218.01 1453.64 346.55 filler filler filler filler filler Rice, milled 2018/19 496.63 660.74 43.71 483.94 176.80 2019/20 (Est.) 495.23 672.03 41.69 490.36 181.67 filler filler filler filler filler 2020/21 (Proj.) Jun 502.09 683.34 44.90 497.99 185.35 2020/21 (Proj.) Jul 502.63 684.30 44.89 498.47 185.83 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2018/19 436.32 532.30 83.45 357.57 91.28 2019/20 (Est.) 417.42 515.84 79.86 346.45 89.54 filler filler filler filler filler 2020/21 (Proj.) Jun 478.45 570.42 89.34 366.80 114.28 2020/21 (Proj.) Jul 450.91 548.08 89.31 361.44 97.33 filler filler filler filler filler Wheat 2018/19 51.31 84.88 25.50 29.99 29.39 2019/20 (Est.) 52.26 84.50 26.28 29.82 28.41 filler filler filler filler filler 2020/21 (Proj.) Jun 51.09 81.65 25.86 30.62 25.17 2020/21 (Proj.) Jul 49.63 81.85 25.86 30.35 25.65 filler filler filler filler filler Coarse Grains 5/ 2018/19 377.91 438.46 54.97 323.02 60.47 2019/20 (Est.) 359.30 422.96 50.58 312.20 60.18 filler filler filler filler filler 2020/21 (Proj.) Jun 420.50 479.82 60.34 331.75 87.73 2020/21 (Proj.) Jul 394.27 457.17 60.34 326.54 70.29 filler filler filler filler filler Rice, milled 2018/19 7.11 8.96 2.97 4.57 1.42 2019/20 (Est.) 5.86 8.38 3.00 4.43 0.95 filler filler filler filler filler 2020/21 (Proj.) Jun 6.86 8.95 3.14 4.43 1.38 2020/21 (Proj.) Jul 7.01 9.06 3.11 4.56 1.39 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). July 2020 WASDE - 602 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2018/19 2,188.31 2,911.25 345.85 2,282.00 712.70 2019/20 (Est.) 2,249.44 2,954.99 355.96 2,303.82 731.04 filler filler filler filler filler 2020/21 (Proj.) Jun 2,281.68 3,010.53 362.04 2,341.62 758.25 2020/21 (Proj.) Jul 2,279.44 3,002.84 361.62 2,342.26 749.89 filler filler filler filler filler Wheat 2018/19 679.59 930.12 148.08 705.21 250.42 2019/20 (Est.) 712.57 960.12 161.81 717.69 268.71 filler filler filler filler filler 2020/21 (Proj.) Jun 722.35 987.63 162.99 722.57 290.92 2020/21 (Proj.) Jul 719.68 984.58 162.18 721.25 289.19 filler filler filler filler filler Coarse Grains 5/ 2018/19 1,019.20 1,329.35 157.03 1,097.42 286.90 2019/20 (Est.) 1,047.51 1,331.23 155.46 1,100.20 281.61 filler filler filler filler filler 2020/21 (Proj.) Jun 1,064.11 1,348.51 157.29 1,125.49 283.37 2020/21 (Proj.) Jul 1,064.13 1,343.02 157.66 1,127.10 276.26 filler filler filler filler filler Rice, milled 2018/19 489.53 651.78 40.74 479.37 175.38 2019/20 (Est.) 489.36 663.64 38.69 485.93 180.72 filler filler filler filler filler 2020/21 (Proj.) Jun 495.22 674.39 41.76 493.56 183.97 2020/21 (Proj.) Jul 495.62 675.24 41.78 493.91 184.44 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2018/19 118.65 199.57 41.22 120.38 80.40 2019/20 (Est.) 122.96 203.36 39.98 102.36 100.92 filler filler filler filler filler 2020/21 (Proj.) Jun 118.74 219.30 42.90 114.41 104.67 2020/21 (Proj.) Jul 116.25 217.16 41.81 114.29 102.77 filler filler filler filler filler United States 2018/19 18.37 22.57 14.84 2.98 4.85 2019/20 (Est.) 19.91 24.77 15.20 2.50 7.10 filler filler filler filler filler 2020/21 (Proj.) Jun 19.50 26.81 16.00 2.80 8.00 2020/21 (Proj.) Jul 17.50 24.61 15.00 2.80 6.80 filler filler filler filler filler Foreign 4/ 2018/19 100.29 177.00 26.38 117.40 75.55 2019/20 (Est.) 103.05 178.60 24.78 99.86 93.82 filler filler filler filler filler 2020/21 (Proj.) Jun 99.24 192.49 26.90 111.61 96.67 2020/21 (Proj.) Jul 98.75 192.56 26.81 111.49 95.97 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. July 2020 WASDE - 602 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2018/19 600.27 716.86 170.37 488.38 131.64 2019/20 (Est.) 577.15 708.79 183.64 500.23 114.97 filler filler filler filler filler 2020/21 (Proj.) Jun 606.15 720.66 185.87 509.29 111.49 2020/21 (Proj.) Jul 604.20 719.17 185.43 510.82 109.40 filler filler filler filler filler Oilmeals 2018/19 332.63 349.68 93.80 328.89 14.90 2019/20 (Est.) 340.67 355.58 93.93 338.50 13.03 filler filler filler filler filler 2020/21 (Proj.) Jun 348.07 361.61 94.19 344.79 13.03 2020/21 (Proj.) Jul 349.43 362.46 94.24 346.23 12.51 filler filler filler filler filler Vegetable Oils 2018/19 203.46 226.58 85.67 200.33 21.84 2019/20 (Est.) 204.55 226.39 84.47 200.31 21.67 filler filler filler filler filler 2020/21 (Proj.) Jun 208.63 230.32 86.24 205.99 20.33 2020/21 (Proj.) Jul 208.86 230.53 86.34 206.03 20.26 filler filler filler filler filler United States Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2018/19 130.72 145.66 48.82 61.03 26.54 2019/20 (Est.) 107.00 134.72 46.17 62.80 18.57 filler filler filler filler filler 2020/21 (Proj.) Jun 123.20 141.82 57.01 62.65 12.28 2020/21 (Proj.) Jul 122.85 142.59 56.94 63.00 13.10 filler filler filler filler filler Oilmeals 2018/19 46.52 51.02 12.50 38.10 0.42 2019/20 (Est.) 48.32 52.85 12.51 39.94 0.40 filler filler filler filler filler 2020/21 (Proj.) Jun 48.29 52.53 12.20 39.91 0.42 2020/21 (Proj.) Jul 48.66 52.90 12.33 40.14 0.42 filler filler filler filler filler Vegetable Oils 2018/19 12.20 18.14 1.09 15.88 1.16 2019/20 (Est.) 12.53 18.69 1.52 15.89 1.28 filler filler filler filler filler 2020/21 (Proj.) Jun 12.62 18.89 1.21 16.37 1.31 2020/21 (Proj.) Jul 12.68 18.95 1.30 16.36 1.29 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2018/19 469.55 571.20 121.56 427.35 105.10 2019/20 (Est.) 470.15 574.07 137.47 437.42 96.40 filler filler filler filler filler 2020/21 (Proj.) Jun 482.95 578.84 128.86 446.63 99.21 2020/21 (Proj.) Jul 481.35 576.58 128.49 447.82 96.30 filler filler filler filler filler Oilmeals 2018/19 286.11 298.66 81.30 290.79 14.48 2019/20 (Est.) 292.36 302.73 81.42 298.57 12.63 filler filler filler filler filler 2020/21 (Proj.) Jun 299.78 309.08 81.99 304.88 12.61 2020/21 (Proj.) Jul 300.77 309.56 81.91 306.09 12.09 filler filler filler filler filler Vegetable Oils 2018/19 191.26 208.44 84.58 184.44 20.68 2019/20 (Est.) 192.02 207.70 82.95 184.42 20.39 filler filler filler filler filler 2020/21 (Proj.) Jun 196.02 211.43 85.02 189.62 19.02 2020/21 (Proj.) Jul 196.18 211.58 85.04 189.67 18.97 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. July 2020 WASDE - 602 - 11 U.S. Wheat Supply and Use 1/ 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Jun Jul Million Acres Area Planted 47.8 45.2 44.7 * 44.3 Area Harvested 39.6 37.2 37.7 * 36.7 Bushels Yield per Harvested Acre 47.6 51.7 49.8 * 49.7 Million Bushels Beginning Stocks 1,099 1,080 983 1,044 Production 1,885 1,920 1,877 1,824 Imports 135 105 140 140 Supply, Total 3,119 3,105 3,000 3,007 Food 955 962 964 964 Seed 59 60 61 61 Feed and Residual 88 74 100 90 Domestic, Total 1,102 1,096 1,125 1,115 Exports 937 965 950 950 Use, Total 2,039 2,061 2,075 2,065 Ending Stocks 1,080 1,044 925 942 Avg. Farm Price ($/bu) 2/ 5.16 4.58 4.60 4.60 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2019/20 (Est.) Beginning Stocks 516 263 158 88 55 1,080 Production 833 522 239 272 54 1,920 Supply, Total 3/ 1,351 838 401 366 150 3,105 Domestic Use 454 289 204 84 65 1,096 Exports 376 268 92 187 42 965 Use, Total 830 558 296 271 107 2,061 Ending Stocks, Total 521 280 105 95 43 1,044 2020/21 (Proj.) Beginning Stocks 521 280 105 95 43 1,044 Production 710 502 280 275 56 1,824 Supply, Total 3/ 1,236 852 395 375 148 3,007 Domestic Use 428 312 202 90 83 1,115 Exports 385 270 90 180 25 950 Use, Total 813 582 292 270 108 2,065 Ending Stocks, Total Jul 423 270 103 105 40 942 Ending Stocks, Total Jun NA NA NA NA NA NA Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. * For June, planted acres reported in the March 31, 2020, "Prospective Plantings." Winter wheat area harvested and yield reported in the June 11, 2020, "Crop Production." Area harvested and yield for other spring wheat and durum projected using 10- year harvested -to-planted ratios by state and 1985- 2019 yield trends by state (except for Arizona, California, and Idaho durum). For July, area planted, area harvested, yield, and production as reported in the July 10, 2020, "Crop Production." July 2020 WASDE - 602 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Jun Jul Million Acres Area Planted 99.9 100.5 108.7 * 103.6 * Area Harvested 89.2 89.0 98.3 * 92.1 * Metric Tons Yield per Harvested Acre 4.24 4.03 4.28 4.28 Million Metric Tons Beginning Stocks 57.9 60.5 56.6 60.2 Production 377.7 359.0 420.2 394.0 Imports 2.3 2.9 2.4 2.4 Supply, Total 437.9 422.4 479.3 456.6 Feed and Residual 142.9 146.6 158.1 152.3 Food, Seed & Industrial 179.6 165.1 173.2 173.7 Domestic, Total 322.5 311.7 331.2 326.0 Exports 55.0 50.6 60.3 60.3 Use, Total 377.5 362.2 391.6 386.3 Ending Stocks 60.5 60.2 87.7 70.3 CORN 2018/19 2019/20 E st. 2020/21 Proj. 2020/21 Proj. June July Million Acres Area Planted 88.9 89.7 97.0 * 92.0 * Area Harvested 81.3 81.3 89.6 * 84.0 * Bushels Yield per Harvested Acre 176.4 167.4 178.5 * 178.5 * Million Bushels Beginning Stocks 2,140 2,221 2,103 2,248 Production 14,340 13,617 15,995 15,000 Imports 28 45 25 25 Supply, Total 16,509 15,883 18,123 17,273 Feed and Residual 5,429 5,600 6,050 5,850 Food, Seed & Industrial 2/ 6,793 6,260 6,600 6,625 Ethanol & by -products 3/ 5,378 4,850 5,200 5,200 Domestic, Total 12,222 11,860 12,650 12,475 Exports 2,066 1,775 2,150 2,150 Use, Total 14,288 13,635 14,800 14,625 Ending Stocks 2,221 2,248 3,323 2,648 Avg. Farm Price ($/bu) 4/ 3.61 3.60 3.20 3.35 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by- products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. * For June, planted acres reported in the March 31, 2020, "Prospective Plantings." Harvested acres projected based on historical abandonment and use for silage. For July, corn planted and harvested area as reported in the June 30, 2020, "Acreage." The yield projection is based on a weather -adjusted trend assuming normal mid- May planting progress and summer growing season weather, estimated using the 1988- 2019 time period, and includes a downward stochastic adjustment to account for t he asymmetric response of yield to July precipitation. July 2020 WASDE - 602 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Jun Jul Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 5.7 5.3 5.8 * 5.6 * Area Harvested (mil. acres) 5.1 4.7 5.2 * 4.8 * Yield (bushels/acre) 72.1 73.0 67.5 * 67.5 * Beginning Stocks 35 64 30 30 Production 365 341 351 327 Imports 0 0 0 0 Supply, Total 400 405 381 357 Feed and Residual 138 90 85 70 Food, Seed & Industrial 106 75 50 45 Total Domestic 244 165 135 115 Exports 93 210 220 220 Use, Total 336 375 355 335 Ending Stocks 64 30 26 22 Avg. Farm Price ($/bu) 2/ 3.26 3.25 3.20 3.35 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2018/19 2019/20 E st. 2020/21 Proj. 2020/21 Proj. June July Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.5 2.7 2.9 * 2.8 * Area Harvested (mil. acres) 2.0 2.2 2.4 * 2.2 * Yield (bushels/acre) 77.5 77.7 75.8 * 76.1 * Beginning Stocks 94 87 92 80 Production 154 170 182 170 Imports 6 7 7 7 Supply, Total 254 263 281 257 Feed and Residual 15 41 40 25 Food, Seed & Industrial 148 136 143 143 Total Domestic 162 177 183 168 Exports 5 6 5 5 Use, Total 167 183 188 173 Ending Stocks 87 80 93 84 Avg. Farm Price ($/bu) 2/ 4.62 4.70 4.30 4.45 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2018/19 2019/20 E st. 2020/21 Proj. 2020/21 Proj. June July Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.7 2.8 3.0 * 3.1 * Area Harvested (mil. acres) 0.9 0.8 1.1 * 1.0 * Yield (bushels/acre) 64.9 64.3 66.4 * 65.2 * Beginning Stocks 41 38 29 37 Production 56 53 73 65 Imports 86 92 96 96 Supply, Total 184 183 198 198 Feed and Residual 66 63 75 75 Food, Seed & Industrial 78 81 79 79 Total Domestic 144 144 154 154 Exports 2 2 2 2 Use, Total 146 146 156 156 Ending Stocks 38 37 42 42 Avg. Farm Price ($/bu) 2/ 2.66 2.88 2.50 2.70 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. * For June --Planted acres reported in the March 31, 2020, "Prospect ive Plantings." Harvested area for sorghum, barley and oats based on historical average harvested- to-planted ratios. For sorghum the yield is the median yield for 1990- 2019. For barley and oats, projected yields are based on the 1990 -2019 linear trends. Yields shown reflect production rounding. For July-- Sorghum planted and harvested area as reported in the June 30, 2020, "Acreage." Sorghum yield is the median yield for 1990- 2019. Barley and oats area planted, area harvested, yield, and production as rep orted in the July 10, 2020, "Crop Production." July 2020 WASDE - 602 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Jun Jul Million Acres Area Planted 2.95 2.54 2.85 * 2.92 * Area Harvested 2.91 2.47 2.81 * 2.87 * Fil ler Pounds Yield per Harvested Acre 7,692 7,471 7,699 * 7,689 * Million Hundredweight Beginning Stocks 2/ 29.4 44.9 32.0 30.0 Production 223.8 184.7 216.2 220.7 Imports 29.0 34.5 33.6 34.6 Supply, Total 282.2 264.0 281.8 285.3 Domestic & Residual 3/ 143.8 139.5 139.5 143.5 Exports, Total 4/ 93.6 94.5 99.0 98.0 Rough 33.3 34.0 36.0 35.5 Milled (rough equiv.) 60.3 60.5 63.0 62.5 Use, Total 237.3 234.0 238.5 241.5 Ending Stocks 44.9 30.0 43.3 43.8 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 12.60 13.10 12.90 12.70 Total LONG -GRAIN RICE 2018/19 2019/20 E st. 2020/21 Proj. 2020/21 Proj. June July Harvested Acres (mil.) 2.18 1.73 Yield (pounds/acre) 7,517 7,261 Beginning Stocks 20.3 32.6 16.2 14.2 Production 163.6 125.6 155.5 161.8 Supply, Total 7/ 207.3 186.2 198.7 204.0 Domestic & Residual 3/ 108.5 105.0 105.0 109.0 Exports 8/ 66.2 67.0 71.0 70.0 Use, Total 174.7 172.0 176.0 179.0 Ending Stocks 32.6 14.2 22.7 25.0 Avg. Farm Price ($/cwt) 6/ 10.80 12.00 11.80 11.60 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2018/19 2019/20 E st. 2020/21 Proj. 2020/21 Proj. June July Harvested Acres (mil.) 0.73 0.74 Yield (pounds/acre) 8,209 7,960 Beginning Stocks 7.6 10.2 13.7 13.7 Production 60.3 59.1 60.7 58.9 Supply, Total 7/ 72.8 75.7 81.1 79.3 Domestic & Residual 3/ 35.3 34.5 34.5 34.5 Exports 8/ 27.3 27.5 28.0 28.0 Use, Total 62.6 62.0 62.5 62.5 Ending Stocks 10.2 13.7 18.6 16.8 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 18.50 16.20 16.00 16.10 California 10/ 21.10 18.30 18.00 18.30 Other States 1/ 12.30 11.70 11.80 11.50 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2015/16 -2.9; 2016/17-3.5; 2017/18 -1.4. 3/ Residual includes unreported use, processing losses, and estimating errors. Supply by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by f armers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain season -average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final pr ice may differ. For example, the average difference between the preliminary California SAFP forecast and the final price has averaged $1.00 per cwt from 2014/15 -2018/19, with a high of $3.50 per cwt in 2017/18 and a low of -$0.20 per cwt in 2015/16. 10/ Marketing year beginning October 1. * For June -- Planted acres reported in March 31, 2020, "Prospective Plantings." Harvested acres a re estimated using long run harvested-to -planted ratios by rice class. For July-- Planted and harvested area reported in June 30, 2020 "Acreage" report. Projected yield is based on by -class trend analysis and prospective planting. July 2020 WASDE - 602 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Jun Jul Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 89.2 76.1 83.5 * 83.8 ** Area Harvested 87.6 75.0 82.8 * 83.0 ** Fil ler Bushels Yield per Harvested Acre 50.6 47.4 49.8 * 49.8 ** Million Bushels Beginning Stocks 438 909 585 620 Production 4,428 3,552 4,125 4,135 Imports 14 15 15 15 Supply, Total 4,880 4,476 4,725 4,770 Crushings 2,092 2,155 2,145 2,160 Exports 1,752 1,650 2,050 2,050 Seed 88 97 100 100 Residual 39 -46 35 35 Use, Total 3,971 3,857 4,330 4,345 Ending Stocks 909 620 395 425 Avg. Farm Price ($/bu) 2/ 8.48 8.55 8.20 8.50 Total SOYBEAN OIL 2018/19 2019/20 E st. 2020/21 Proj. 2020/21 Proj. June July Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,995 1,775 1,940 2,020 Production 4/ 24,197 24,695 24,860 25,035 Imports 397 350 400 400 Supply, Total 26,590 26,820 27,200 27,455 Domestic Disappearance 22,874 21,950 23,000 23,000 Biodiesel 3/ 7,863 7,400 8,000 8,000 Food, Feed & other Industrial 15,011 14,550 15,000 15,000 Exports 1,940 2,850 2,200 2,400 Use, Total 24,815 24,800 25,200 25,400 Ending stocks 1,775 2,020 2,000 2,055 Avg. Price (c/lb) 2/ 28.26 28.75 29.00 29.00 Total SOYBEAN MEAL 2018/19 2019/20 E st. 2020/21 Proj. 2020/21 Proj. June July Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 555 402 375 375 Production 4/ 48,814 50,623 50,525 50,975 Imports 683 600 400 400 Supply, Total 50,052 51,625 51,300 51,750 Domestic Disappearance 36,212 37,800 37,800 38,100 Exports 13,438 13,450 13,100 13,250 Use, Total 49,650 51,250 50,900 51,350 Ending Stocks 402 375 400 400 Avg. Price ($/s.t.) 2/ 308.28 300.00 290.00 300.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple av erage of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,155 million bushels for 2019/20 and 2,160 million bushels for 2020/21. *Planted acres are reported in the March 31, 2020 Prospective Plantings report. Harvested acres are based on the 5 -year average harvested -to-planted ratio. **Planted and harvested acres are from the June 30, 2020 Acreage report. The projected yield is based on a weather -adjusted trend model. July 2020 WASDE - 602 - 16 U.S. Sugar Supply and Use 1/ 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Jun Jul Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 2,008 1,783 1,632 1,772 Production 2/ 8,999 8,002 9,005 9,090 Beet Sugar 4,939 4,256 4,965 5,000 Cane Sugar 4,060 3,746 4,040 4,090 Florida 2,005 2,106 2,105 2,105 Hawaii 0 0 0 0 Louisiana 1,907 1,513 1,800 1,850 Texas 147 127 135 135 Imports 3,070 4,178 3,097 3,059 TRQ 3/ 1,541 2,203 1,395 1,580 Other Program 4/ 438 350 350 350 Other 5/ 1,092 1,625 1,351 1,129 Mexico 1,000 1,395 1,301 1,079 Total Supply 14,077 13,962 13,733 13,921 Exports 35 35 35 35 Deliveries 12,231 12,155 12,230 12,230 Food 12,106 12,050 12,125 12,125 Other 6/ 126 105 105 105 Miscellaneous 28 0 0 0 Total Use 12,294 12,190 12,265 12,265 Ending Stocks 1,783 1,772 1,468 1,656 Stocks to Use Ratio 14.5 14.5 12.0 13.5 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2019/20 and 2020/21 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2019/20, WTO raw sugar TRQ shortfall (84) and for 2020/21 (99). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Imports from Mexico; and high- tier tariff sugar and syrups not other wise specified -- for 2019/20 (230) and 2020/21 (50). 6/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE - reported deliveries: 2018/19 -- 374; estimated 2019/20 -- 340; projected 2020/21 -- 353. Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2019/20 Est. Jun 1,169 5,230 89 4,422 1,113 953 2019/20 Est. Jul 1,169 5,282 89 4,378 1,233 929 2020/21 Proj. Jun 953 6,100 89 4,575 1,614 953 2020/21 Proj. Jul 929 6,100 89 4,458 1,731 929 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2018/19 = 1,528; Estimated 2019/20 = 1,470; Projected 2020/21 = 1,470; Estimated Oct -May 2019/20 = 915, Oct -May 2018/19 =1,005. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2 019/20 (301 est); 2020/21 (385 proj). Other Deliveries/Ending Year Statistical Adjustments: 2019/20 (0), 2020/21 (0). July 2020 WASDE - 602 - 17 U.S. Cotton Supply and Use 1/ 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Jun Jul Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 14.10 13.74 13.70 * 12.19 ** Harvested 9.99 11.61 11.35 * 10.25 ** Fil ler Pounds Yield per Harvested Acre 882 823 825 * 820 ** Million 480 Pound Bales Beginning Stocks 4.20 4.85 7.30 7.10 Production 18.37 19.91 19.50 17.50 Imports 0.00 0.01 0.01 0.01 Supply, Total 22.57 24.77 26.81 24.61 Domestic Use 2.98 2.50 2.80 2.80 Exports, Total 14.84 15.20 16.00 15.00 Use, Total 17.81 17.70 18.80 17.80 Unaccounted 2/ -0.09 -0.03 0.01 0.01 Ending Stocks 4.85 7.10 8.00 6.80 Avg. Farm Price 3/ 70.3 59.0 57.0 59.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. *June planted area as reported in March 31, 2020 Prospective Plantings. July planted area as reported in June 30, 2020 Acreage. Harvested area based on 10 -year average abandonment by region, with adjustment for weather in the Southwest. Yield based on 10 -year average yields by region. July 2020 WASDE - 602 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 284.11 730.89 170.73 139.50 735.20 173.58 279.80 World Less China 152.91 599.46 167.58 119.50 610.20 172.58 140.04 United States 29.91 51.31 3.66 2.41 29.99 25.50 29.39 Total Foreign 254.20 679.59 167.07 137.09 705.21 148.08 250.42 Major Exporters 4/ 39.91 302.73 7.31 81.73 194.57 120.77 34.61 Argentina 0.47 19.50 0.01 0.05 6.05 12.19 1.74 Australia 5.55 17.60 0.50 5.70 9.20 9.01 5.44 Canada 6.73 32.20 0.48 3.98 8.97 24.40 6.04 European Union 5/ 13.89 136.69 5.76 51.50 121.05 23.31 11.98 Russia 12.03 71.69 0.45 18.00 40.50 35.84 7.82 Ukraine 1.24 25.06 0.11 2.50 8.80 16.02 1.59 Major Importers 6/ 177.50 199.78 111.34 38.34 294.31 12.33 181.98 Bangladesh 2.23 1.10 5.10 0.28 7.18 0.00 1.26 Brazil 1.31 5.43 7.02 0.50 12.10 0.60 1.06 China 131.20 131.43 3.15 20.00 125.00 1.01 139.77 Japan 1.23 0.86 5.73 0.68 6.48 0.29 1.05 N. Africa 7/ 14.87 21.00 26.96 2.25 46.15 1.19 15.48 Nigeria 0.20 0.06 4.66 0.05 4.32 0.40 0.20 Sel. Mideast 8/ 15.07 17.88 17.23 3.45 37.70 0.58 11.89 Southeast Asia 9/ 5.51 0.00 26.37 8.14 25.34 1.10 5.44 Selected Other India 13.23 99.87 0.02 5.00 95.63 0.50 16.99 Kazakhstan 2.54 13.95 0.09 1.80 6.60 8.30 1.68 2019/20 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 279.80 764.83 183.27 140.23 747.51 188.08 297.12 World Less China 140.04 631.24 178.47 121.23 621.51 187.08 145.97 United States 29.39 52.26 2.86 2.00 29.82 26.28 28.41 Total Foreign 250.42 712.57 180.41 138.23 717.69 161.81 268.71 Major Exporters 4/ 34.61 325.01 6.53 82.05 196.20 138.90 31.04 Argentina 1.74 19.75 0.01 0.05 6.30 13.50 1.69 Australia 5.44 15.20 0.50 4.90 8.40 9.20 3.54 Canada 6.04 32.35 0.68 5.30 10.40 23.20 5.46 European Union 5/ 11.98 154.94 4.90 52.00 122.00 38.00 11.82 Russia 7.82 73.61 0.35 17.00 40.00 34.50 7.28 Ukraine 1.59 29.17 0.09 2.80 9.10 20.50 1.25 Major Importers 6/ 181.98 203.47 121.34 37.16 298.11 12.45 196.23 Bangladesh 1.26 1.20 6.70 0.30 7.40 0.00 1.76 Brazil 1.06 5.20 7.20 0.50 12.10 0.42 0.94 China 139.77 133.59 4.80 19.00 126.00 1.00 151.16 Japan 1.05 1.10 5.70 0.60 6.30 0.29 1.26 N. Africa 7/ 15.48 18.40 28.15 2.25 46.95 0.99 14.09 Nigeria 0.20 0.06 5.20 0.05 4.86 0.40 0.20 Sel. Mideast 8/ 11.89 22.18 17.27 3.42 38.21 0.72 12.42 Southeast Asia 9/ 5.44 0.00 26.50 7.84 25.34 1.11 5.49 Selected Other India 16.99 103.60 0.02 6.00 96.11 0.50 24.00 Kazakhstan 1.68 11.45 0.45 1.60 6.40 6.00 1.19 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukr aine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2020 WASDE - 602 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jun 295.84 773.43 183.43 136.47 753.19 188.85 316.09 Jul 297.12 769.31 183.27 135.10 751.59 188.04 314.84 World Less China Jun 144.99 637.43 177.43 116.47 623.19 187.85 154.23 Jul 145.97 633.31 177.27 115.10 621.59 187.04 152.69 United States Jun 26.75 51.09 3.81 2.72 30.62 25.86 25.17 Jul 28.41 49.63 3.81 2.45 30.35 25.86 25.65 Total Foreign Jun 269.09 722.35 179.62 133.75 722.57 162.99 290.92 Jul 268.71 719.68 179.46 132.65 721.25 162.18 289.19 Major Exporters 4/ Jun 32.39 325.50 6.73 77.65 191.65 137.50 35.47 Jul 31.04 323.50 6.73 76.65 190.65 137.00 33.62 Argentina Jun 1.45 21.00 0.01 0.05 6.20 14.50 1.75 Jul 1.69 21.00 0.01 0.05 6.20 14.50 2.00 Australia Jun 3.54 26.00 0.20 3.50 7.05 17.00 5.69 Jul 3.54 26.00 0.20 3.50 7.05 17.50 5.19 Canada Jun 5.54 34.00 0.45 4.60 9.80 24.50 5.69 Jul 5.46 34.00 0.45 4.60 9.80 24.50 5.61 European Union 5/ Jun 12.35 141.00 5.50 49.50 119.30 28.00 11.55 Jul 11.82 139.50 5.50 48.50 118.30 27.00 11.52 Russia Jun 8.28 77.00 0.50 17.50 40.50 36.00 9.28 Jul 7.28 76.50 0.50 17.50 40.50 36.00 7.78 Ukraine Jun 1.23 26.50 0.08 2.50 8.80 17.50 1.51 Jul 1.25 26.50 0.08 2.50 8.80 17.50 1.52 Major Importers 6/ Jun 195.35 206.28 120.49 36.76 302.70 12.91 206.51 Jul 196.23 205.58 120.29 36.66 302.65 12.61 206.84 Bangladesh Jun 1.76 1.25 6.60 0.30 7.50 0.00 2.11 Jul 1.76 1.25 6.60 0.30 7.50 0.00 2.11 Brazil Jun 0.91 5.50 7.10 0.50 12.10 0.60 0.81 Jul 0.94 5.70 7.10 0.50 12.10 0.60 1.04 China Jun 150.86 136.00 6.00 20.00 130.00 1.00 161.86 Jul 151.16 136.00 6.00 20.00 130.00 1.00 162.16 Japan Jun 1.22 0.87 5.60 0.60 6.25 0.28 1.16 Jul 1.26 0.87 5.60 0.60 6.25 0.28 1.20 N. Africa 7/ Jun 13.95 17.43 29.70 1.95 47.15 0.99 12.94 Jul 14.09 16.78 29.40 1.75 46.90 0.99 12.38 Nigeria Jun 0.20 0.06 5.10 0.05 4.76 0.40 0.20 Jul 0.20 0.06 5.10 0.05 4.76 0.40 0.20 Sel. Mideast 8/ Jun 12.36 22.35 18.14 3.42 39.10 0.67 13.07 Jul 12.42 22.35 18.14 3.42 39.10 0.67 13.13 Southeast Asia 9/ Jun 5.54 0.00 26.35 7.04 24.89 1.07 5.93 Jul 5.49 0.00 26.35 7.04 24.89 1.07 5.88 Selected Other India Jun 24.00 107.18 0.03 6.50 99.50 1.00 30.71 Jul 24.00 107.18 0.03 6.50 99.50 1.00 30.71 Kazakhstan Jun 1.14 13.50 0.10 1.50 6.30 7.10 1.34 Jul 1.19 13.50 0.10 1.50 6.30 7.10 1.39 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2020 WASDE - 602 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 370.71 1,397.10 192.69 851.84 1,420.44 212.00 347.37 World Less China 147.73 1,132.59 182.15 656.39 1,133.07 211.94 136.78 United States 57.92 377.91 2.63 143.10 323.02 54.97 60.47 Total Foreign 312.79 1,019.20 190.06 708.74 1,097.42 157.03 286.90 Major Exporters 4/ 27.12 293.19 5.72 127.48 171.92 134.02 20.08 Argentina 3.37 59.22 0.01 12.28 18.09 40.89 3.61 Australia 2.29 11.51 0.01 5.29 7.30 4.08 2.43 Brazil 9.71 104.33 2.32 59.95 70.98 39.72 5.65 Canada 4.57 26.20 2.69 16.20 24.15 5.97 3.34 Russia 1.37 35.00 0.05 18.80 27.37 7.84 1.22 Ukraine 2.91 44.50 0.06 7.93 10.96 34.07 2.45 Major Importers 5/ 39.96 243.51 142.98 295.56 379.76 10.32 36.36 European Union 6/ 16.33 148.27 26.44 127.00 168.69 8.82 13.53 Japan 1.82 0.18 17.73 13.78 17.89 0.00 1.84 Mexico 6.18 33.40 17.41 31.27 50.51 0.72 5.76 N. Afr & Mideast 7/ 7.76 31.08 38.82 61.98 70.10 0.10 7.46 Saudi Arabia 2.63 0.29 10.17 10.75 11.13 0.00 1.97 Southeast Asia 8/ 2.56 29.99 16.84 37.89 45.72 0.68 2.99 South Korea 1.86 0.21 10.96 8.60 11.18 0.00 1.85 Selected Other China 222.98 264.51 10.54 195.45 287.37 0.07 210.59 2019/20 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 347.37 1,406.81 203.97 870.78 1,412.40 206.04 341.79 World Less China 136.78 1,138.62 187.77 674.38 1,121.85 205.98 137.41 United States 60.47 359.30 3.19 146.78 312.20 50.58 60.18 Total Foreign 286.90 1,047.51 200.78 724.00 1,100.20 155.46 281.61 Major Exporters 4/ 20.08 304.06 3.92 130.90 174.96 130.26 22.84 Argentina 3.61 56.75 0.01 12.05 17.64 39.71 3.02 Australia 2.43 10.44 0.01 5.00 6.97 3.52 2.38 Brazil 5.65 104.57 1.90 61.01 72.14 34.01 5.97 Canada 3.34 28.51 1.67 16.89 23.75 5.05 4.72 Russia 1.22 40.50 0.17 22.19 31.19 8.49 2.21 Ukraine 2.45 46.55 0.03 6.89 10.01 36.98 2.03 Major Importers 5/ 36.36 255.37 146.73 304.06 390.32 14.02 34.13 European Union 6/ 13.53 161.24 22.21 127.25 170.56 12.66 13.76 Japan 1.84 0.22 17.62 13.75 17.87 0.00 1.81 Mexico 5.76 30.41 18.11 31.97 51.20 0.70 2.38 N. Afr & Mideast 7/ 7.46 33.33 42.84 67.11 75.51 0.09 8.02 Saudi Arabia 1.97 0.27 11.51 11.15 11.51 0.00 2.24 Southeast Asia 8/ 2.99 29.62 18.86 39.56 47.60 0.57 3.29 South Korea 1.85 0.20 11.51 9.04 11.64 0.00 1.92 Selected Other China 210.59 268.20 16.20 196.40 290.55 0.06 204.38 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, an d Ukraine. 5/ The European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ In donesia, Malaysia, Philippines, Thailand, and Vietnam. July 2020 WASDE - 602 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jun 343.73 1,484.61 210.96 895.73 1,457.24 217.64 371.09 Jul 341.79 1,458.40 211.66 893.30 1,453.64 218.01 346.55 World Less China Jun 136.15 1,217.23 193.61 698.23 1,163.56 217.57 172.54 Jul 137.41 1,191.03 194.31 694.80 1,158.96 217.94 152.20 United States Jun 56.63 420.50 2.70 158.23 331.75 60.34 87.73 Jul 60.18 394.27 2.72 152.50 326.54 60.34 70.29 Total Foreign Jun 287.10 1,064.11 208.26 737.50 1,125.49 157.29 283.37 Jul 281.61 1,064.13 208.94 740.80 1,127.10 157.66 276.26 Major Exporters 4/ Jun 23.26 314.44 3.45 133.46 179.50 133.54 28.10 Jul 22.84 314.83 3.95 134.33 179.89 133.96 27.77 Argentina Jun 4.32 56.70 0.01 13.49 19.75 36.71 4.57 Jul 3.02 56.70 0.01 13.49 19.25 36.71 3.77 Australia Jun 2.38 13.66 0.00 5.88 7.87 5.15 3.02 Jul 2.38 13.66 0.00 5.88 7.87 5.15 3.02 Brazil Jun 4.87 110.41 2.20 61.08 72.22 38.01 7.25 Jul 5.97 110.41 2.20 61.08 72.22 38.01 8.35 Canada Jun 4.72 30.30 1.06 17.03 24.99 4.98 6.11 Jul 4.72 29.90 1.56 17.11 25.09 5.40 5.69 Russia Jun 2.32 39.20 0.07 21.80 30.95 8.28 2.36 Jul 2.21 40.00 0.07 22.60 31.75 8.28 2.25 Ukraine Jun 2.14 49.55 0.02 7.50 10.73 38.11 2.87 Jul 2.03 49.55 0.02 7.49 10.72 38.11 2.77 Major Importers 5/ Jun 35.82 263.02 150.67 311.84 400.39 11.79 37.33 Jul 34.13 262.34 151.35 313.18 401.14 11.59 35.08 European Union 6/ Jun 14.99 164.44 23.31 131.75 176.10 10.44 16.19 Jul 13.76 163.91 23.29 131.75 176.20 10.24 14.51 Japan Jun 1.81 0.20 17.67 13.75 17.87 0.00 1.81 Jul 1.81 0.20 17.67 13.75 17.87 0.00 1.81 Mexico Jun 2.68 33.60 18.80 32.27 51.65 0.60 2.83 Jul 2.38 33.60 18.80 32.27 51.65 0.60 2.53 N. Afr & Mideast 7/ Jun 8.20 33.92 44.66 69.44 78.07 0.12 8.60 Jul 8.02 33.77 45.26 69.89 78.52 0.12 8.42 Saudi Arabia Jun 2.24 0.27 11.21 11.05 11.41 0.00 2.31 Jul 2.24 0.27 11.21 11.05 11.41 0.00 2.31 Southeast Asia 8/ Jun 3.27 30.31 18.73 39.77 48.62 0.63 3.05 Jul 3.29 30.31 18.83 40.66 48.82 0.63 2.97 South Korea Jun 1.92 0.20 11.91 9.45 12.09 0.00 1.95 Jul 1.92 0.20 11.91 9.45 12.09 0.00 1.95 Selected Other China Jun 207.58 267.38 17.35 197.50 293.68 0.07 198.55 Jul 204.38 267.38 17.35 198.50 294.68 0.07 194.35 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit , and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ The European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2020 WASDE - 602 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 341.22 1,123.28 162.92 702.96 1,144.39 181.05 320.11 World Less China 118.69 865.95 158.44 511.96 870.39 181.03 109.79 United States 54.37 364.26 0.71 137.91 310.45 52.48 56.41 Total Foreign 286.85 759.02 162.21 565.06 833.94 128.57 263.70 Major Exporters 4/ 16.16 211.04 2.25 85.90 107.60 111.47 10.38 Argentina 2.41 51.00 0.01 9.70 13.80 37.24 2.37 Brazil 9.32 101.00 1.66 57.00 67.00 39.68 5.29 Russia 0.20 11.42 0.04 7.60 8.50 2.77 0.38 South Africa 2.67 11.82 0.51 7.00 12.50 1.45 1.06 Ukraine 1.57 35.81 0.04 4.60 5.80 30.32 1.29 Major Importers 5/ 23.91 128.86 99.11 170.33 224.97 5.03 21.89 Egypt 1.85 6.80 9.37 13.70 16.20 0.00 1.81 European Union 6/ 9.82 64.36 25.21 68.00 88.00 3.63 7.76 Japan 1.39 0.00 16.05 12.30 16.00 0.00 1.44 Mexico 5.65 27.60 16.66 25.90 44.10 0.72 5.09 Southeast Asia 7/ 2.55 29.94 16.46 37.60 45.30 0.68 2.98 South Korea 1.85 0.08 10.86 8.56 10.95 0.00 1.84 Selected Other 0.00 Canada 2.42 13.89 2.63 9.37 15.16 1.80 1.98 China 222.53 257.33 4.48 191.00 274.00 0.02 210.32 2019/20 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 320.11 1,113.55 169.23 706.55 1,121.72 171.19 311.95 World Less China 109.79 852.78 162.23 517.55 847.72 171.17 107.88 United States 56.41 345.89 1.14 142.25 301.26 45.09 57.10 Total Foreign 263.70 767.65 168.08 564.30 820.46 126.10 254.84 Major Exporters 4/ 10.38 217.41 1.27 86.30 108.25 109.70 11.11 Argentina 2.37 50.00 0.01 9.50 13.50 37.00 1.87 Brazil 5.29 101.00 1.20 58.00 68.00 34.00 5.49 Russia 0.38 14.28 0.04 8.70 9.70 4.20 0.79 South Africa 1.06 16.25 0.00 6.80 12.60 2.50 2.21 Ukraine 1.29 35.89 0.02 3.30 4.45 32.00 0.75 Major Importers 5/ 21.89 127.79 98.25 168.00 223.80 6.28 17.86 Egypt 1.81 6.40 10.30 14.60 17.10 0.01 1.40 European Union 6/ 7.76 66.67 21.50 62.50 83.70 5.00 7.23 Japan 1.44 0.00 16.00 12.30 16.00 0.00 1.44 Mexico 5.09 25.00 17.00 26.50 44.50 0.70 1.89 Southeast Asia 7/ 2.98 29.57 18.05 38.90 46.75 0.57 3.28 South Korea 1.84 0.07 11.40 9.00 11.40 0.00 1.91 Selected Other 0.00 Canada 1.98 13.38 1.60 9.00 13.80 0.90 2.26 China 210.32 260.77 7.00 189.00 274.00 0.02 204.07 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2020 WASDE - 602 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jun 312.91 1,188.48 176.56 730.42 1,163.51 182.50 337.87 Jul 311.95 1,163.21 176.86 727.54 1,160.12 182.45 315.04 World Less China Jun 105.84 928.48 169.56 541.42 887.51 182.48 139.82 Jul 107.88 903.21 169.86 537.54 883.12 182.43 120.99 United States Jun 53.42 406.29 0.64 153.68 321.33 54.61 84.41 Jul 57.10 381.02 0.64 148.60 316.88 54.61 67.26 Total Foreign Jun 259.49 782.18 175.93 576.74 842.19 127.89 253.46 Jul 254.84 782.19 176.23 578.94 843.24 127.84 247.78 Major Exporters 4/ Jun 11.51 224.50 1.56 88.50 111.00 111.70 14.87 Jul 11.11 225.30 1.56 89.30 111.30 111.70 14.97 Argentina Jun 3.37 50.00 0.01 11.00 15.50 34.00 3.88 Jul 1.87 50.00 0.01 11.00 15.00 34.00 2.88 Brazil Jun 4.39 107.00 1.50 58.00 68.00 38.00 6.89 Jul 5.49 107.00 1.50 58.00 68.00 38.00 7.99 Russia Jun 0.79 14.50 0.04 8.90 10.00 4.40 0.93 Jul 0.79 15.30 0.04 9.70 10.80 4.40 0.93 South Africa Jun 2.21 14.00 0.00 6.60 12.30 2.30 1.61 Jul 2.21 14.00 0.00 6.60 12.30 2.30 1.61 Ukraine Jun 0.75 39.00 0.02 4.00 5.20 33.00 1.56 Jul 0.75 39.00 0.02 4.00 5.20 33.00 1.56 Major Importers 5/ Jun 18.90 133.12 102.25 172.75 229.80 5.64 18.83 Jul 17.86 133.12 102.35 172.95 230.00 5.44 17.88 Egypt Jun 1.40 6.40 11.00 14.70 17.20 0.01 1.59 Jul 1.40 6.40 11.00 14.70 17.20 0.01 1.59 European Union 6/ Jun 7.99 68.30 23.00 65.00 87.00 4.40 7.89 Jul 7.23 68.30 23.00 65.00 87.00 4.20 7.33 Japan Jun 1.44 0.00 16.00 12.30 16.00 0.00 1.45 Jul 1.44 0.00 16.00 12.30 16.00 0.00 1.45 Mexico Jun 2.19 28.00 18.30 27.30 45.55 0.60 2.34 Jul 1.89 28.00 18.30 27.30 45.55 0.60 2.04 Southeast Asia 7/ Jun 3.26 30.26 17.85 39.70 47.70 0.63 3.04 Jul 3.28 30.26 17.95 39.90 47.90 0.63 2.96 South Korea Jun 1.91 0.08 11.80 9.40 11.85 0.00 1.93 Jul 1.91 0.08 11.80 9.40 11.85 0.00 1.93 Selected Other Canada Jun 2.06 15.60 1.00 9.40 14.80 1.00 2.86 Jul 2.26 14.60 1.50 9.40 14.80 1.00 2.56 China Jun 207.07 260.00 7.00 189.00 276.00 0.02 198.05 Jul 204.07 260.00 7.00 190.00 277.00 0.02 194.05 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2020 WASDE - 602 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 164.11 496.63 43.75 483.94 43.71 176.80 World Less China 55.11 348.14 40.55 341.02 40.94 61.80 United States 0.93 7.11 0.92 4.57 2.97 1.42 Total Foreign 163.17 489.53 42.83 479.37 40.74 175.38 Major Exporters 4/ 28.88 184.66 0.76 145.41 31.76 37.14 Burma 0.81 13.20 0.01 10.25 2.70 1.07 India 22.60 116.48 0.00 99.16 10.42 29.50 Pakistan 1.42 7.30 0.00 3.30 4.49 0.93 Thailand 3.01 20.34 0.25 11.50 7.56 4.54 Vietnam 1.03 27.34 0.50 21.20 6.58 1.10 Major Importers 5/ 122.58 239.15 17.11 247.82 3.18 127.83 China 109.00 148.49 3.20 142.92 2.77 115.00 European Union 6/ 1.18 1.97 2.15 3.80 0.30 1.19 Indonesia 5.56 34.20 0.60 36.30 0.00 4.06 Nigeria 1.58 4.54 1.90 6.80 0.00 1.22 Philippines 2.29 11.73 3.60 14.10 0.00 3.52 Sel. Mideast 7/ 0.90 2.01 3.91 5.90 0.00 0.91 Selected Other 0.00 Brazil 0.59 7.14 0.75 7.40 0.88 0.20 C. Amer & Carib 8/ 0.63 1.65 1.79 3.37 0.04 0.67 Egypt 1.56 2.80 0.81 4.15 0.02 1.00 Japan 2.22 7.66 0.63 8.40 0.07 2.05 Mexico 0.15 0.19 0.74 0.92 0.03 0.14 South Korea 1.56 3.87 0.29 4.57 0.05 1.09 2019/20 Est. Beginning Stocks Productio n Imports Total /2 Domestic Exports Ending Stocks World 3/ 176.80 495.23 40.17 490.36 41.69 181.67 World Less China 61.80 348.50 37.77 345.43 38.99 65.17 United States 1.42 5.86 1.10 4.43 3.00 0.95 Total Foreign 175.38 489.36 39.08 485.93 38.69 180.72 Major Exporters 4/ 37.14 183.21 0.66 148.49 30.30 42.22 Burma 1.07 12.70 0.01 10.45 2.20 1.13 India 29.50 117.94 0.00 102.34 10.10 35.00 Pakistan 0.93 7.20 0.00 3.00 4.40 0.73 Thailand 4.54 18.00 0.25 11.50 6.90 4.39 Vietnam 1.10 27.37 0.40 21.20 6.70 0.97 Major Importers 5/ 127.83 238.53 13.66 249.18 3.11 127.74 China 115.00 146.73 2.40 144.93 2.70 116.50 European Union 6/ 1.19 1.97 2.20 3.90 0.30 1.16 Indonesia 4.06 33.50 0.80 35.30 0.00 3.06 Nigeria 1.22 5.04 1.20 6.70 0.00 0.76 Philippines 3.52 11.70 2.50 14.30 0.00 3.42 Sel. Mideast 7/ 0.91 2.34 3.20 5.60 0.00 0.85 Selected Other 0.00 Brazil 0.20 7.56 0.70 7.45 0.70 0.31 C. Amer & Carib 8/ 0.67 1.49 1.83 3.31 0.03 0.64 Egypt 1.00 4.30 0.20 4.35 0.02 1.13 Japan 2.05 7.61 0.69 8.30 0.07 1.97 Mexico 0.14 0.17 0.79 0.93 0.01 0.16 South Korea 1.09 3.74 0.48 4.10 0.06 1.16 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. July 2020 WASDE - 602 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Jun 181.26 502.09 42.01 497.99 44.90 185.35 Jul 181.67 502.63 42.04 498.47 44.89 185.83 World Less China Jun 64.76 353.09 39.81 350.89 41.80 67.85 Jul 65.17 353.63 39.84 351.37 41.79 68.33 United States Jun 1.02 6.86 1.07 4.43 3.14 1.38 Jul 0.95 7.01 1.10 4.56 3.11 1.39 Total Foreign Jun 180.24 495.22 40.94 493.57 41.76 183.97 Jul 180.72 495.62 40.94 493.91 41.78 184.44 Major Exporters 4/ Jun 42.22 186.20 0.61 150.70 32.90 45.43 Jul 42.22 186.20 0.61 150.70 32.90 45.43 Burma Jun 1.13 13.10 0.01 10.60 2.20 1.44 Jul 1.13 13.10 0.01 10.60 2.20 1.44 India Jun 35.00 118.00 0.00 104.00 11.00 38.00 Jul 35.00 118.00 0.00 104.00 11.00 38.00 Pakistan Jun 0.73 7.50 0.00 3.10 4.30 0.83 Jul 0.73 7.50 0.00 3.10 4.30 0.83 Thailand Jun 4.39 20.40 0.20 11.80 9.00 4.19 Jul 4.39 20.40 0.20 11.80 9.00 4.19 Vietnam Jun 0.97 27.20 0.40 21.20 6.40 0.97 Jul 0.97 27.20 0.40 21.20 6.40 0.97 Major Importers 5/ Jun 127.49 241.64 14.36 252.05 3.51 127.93 Jul 127.74 241.64 14.36 252.15 3.51 128.08 China Jun 116.50 149.00 2.20 147.10 3.10 117.50 Jul 116.50 149.00 2.20 147.10 3.10 117.50 European Union 6/ Jun 1.16 1.97 2.25 4.00 0.30 1.08 Jul 1.16 1.97 2.25 4.00 0.30 1.08 Indonesia Jun 3.06 34.90 0.50 35.30 0.00 3.16 Jul 3.06 34.90 0.50 35.30 0.00 3.16 Nigeria Jun 0.76 5.04 1.40 6.60 0.00 0.60 Jul 0.76 5.04 1.40 6.60 0.00 0.60 Philippines Jun 3.17 11.00 3.00 14.30 0.00 2.87 Jul 3.42 11.00 3.00 14.40 0.00 3.02 Sel. Mideast 7/ Jun 0.85 2.33 3.60 6.00 0.00 0.78 Jul 0.85 2.33 3.60 6.00 0.00 0.78 Selected Other Brazil Jun 0.36 7.21 0.80 7.45 0.55 0.37 Jul 0.31 7.21 0.80 7.50 0.55 0.27 C. Amer & Carib 8/ Jun 0.64 1.58 1.90 3.45 0.03 0.64 Jul 0.64 1.57 1.90 3.44 0.03 0.64 Egypt Jun 1.13 4.30 0.20 4.50 0.02 1.11 Jul 1.13 4.30 0.20 4.50 0.02 1.11 Japan Jun 1.97 7.65 0.69 8.25 0.08 1.98 Jul 1.97 7.65 0.69 8.25 0.08 1.98 Mexico Jun 0.16 0.19 0.80 0.95 0.01 0.19 Jul 0.16 0.19 0.80 0.95 0.01 0.19 South Korea Jun 1.23 3.74 0.41 4.00 0.06 1.33 Jul 1.16 3.86 0.45 4.00 0.06 1.41 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. July 2020 WASDE - 602 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2018/19 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 80.92 118.65 42.47 120.38 41.22 0.04 80.40 World Less China 42.93 90.90 32.83 80.88 41.01 0.04 44.73 United States 4.20 18.37 3/ 2.98 14.84 -0.09 4.85 Total Foreign 76.72 100.29 42.47 117.40 26.38 0.14 75.55 Major Exporters 4/ 26.93 54.61 2.48 33.02 22.14 0.02 28.83 Central Asia 5/ 2.67 5.44 3/ 3.80 2.01 0.00 2.30 Afr. Fr. Zone 6/ 1.61 5.43 3/ 0.17 5.31 0.00 1.56 S. Hemis. 7/ 13.19 17.31 0.18 4.39 10.86 0.01 15.41 Australia 3.04 2.20 3/ 0.04 3.63 0.00 1.57 Brazil 8.66 13.00 0.02 3.40 6.02 0.00 12.26 India 9.23 25.80 1.80 24.00 3.51 0.00 9.31 Major Importers 8/ 47.95 42.69 37.46 80.22 3.01 0.11 44.76 Mexico 0.66 1.74 0.85 2.00 0.52 0.03 0.69 China 37.99 27.75 9.64 39.50 0.21 0.00 35.67 European Union 9/ 0.30 1.71 0.64 0.70 1.72 0.03 0.21 Turkey 1.78 3.75 3.50 6.90 0.48 0.00 1.64 Pakistan 2.83 7.60 2.85 10.70 0.06 0.03 2.50 Indonesia 0.63 3/ 3.05 3.15 0.01 0.00 0.53 Thailand 0.20 3/ 1.08 1.08 0.00 0.03 0.18 Bangladesh 1.86 0.14 7.20 7.40 0.00 0.01 1.78 Vietnam 1.29 3/ 6.90 7.00 0.00 0.00 1.19 2019/20 Est. Beginning Stocks Productio n Imports Domestic Use Exports Loss /2 Ending Stocks World 80.40 122.96 40.00 102.36 39.98 0.10 100.92 World Less China 44.73 95.71 32.75 69.36 39.81 0.10 63.92 United States 4.85 19.91 0.01 2.50 15.20 -0.03 7.10 Total Foreign 75.55 103.05 39.99 99.86 24.78 0.13 93.82 Major Exporters 4/ 28.83 59.32 3.00 28.57 20.53 0.02 42.03 Central Asia 5/ 2.30 5.97 3/ 3.94 1.53 0.00 2.81 Afr. Fr. Zone 6/ 1.56 6.06 3/ 0.14 4.77 0.00 2.70 S. Hemis. 7/ 15.41 16.34 0.15 3.89 10.95 0.01 17.05 Australia 1.57 0.63 3/ 0.04 1.25 0.00 0.91 Brazil 12.26 13.20 0.01 3.00 8.75 0.00 13.71 India 9.31 30.50 2.40 20.00 3.00 0.00 19.21 Major Importers 8/ 44.76 40.62 34.37 67.59 2.90 0.11 49.16 Mexico 0.69 1.57 0.55 1.50 0.53 0.03 0.76 China 35.67 27.25 7.25 33.00 0.18 0.00 37.00 European Union 9/ 0.21 2.00 0.61 0.61 1.73 0.03 0.44 Turkey 1.64 3.45 4.30 6.40 0.38 0.00 2.62 Pakistan 2.50 6.20 3.60 9.00 0.05 0.03 3.22 Indonesia 0.53 3/ 2.85 2.70 0.01 0.00 0.68 Thailand 0.18 3/ 0.70 0.75 0.00 0.03 0.10 Bangladesh 1.78 0.14 6.70 6.20 0.00 0.01 2.42 Vietnam 1.19 3/ 6.50 6.10 0.00 0.00 1.59 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. July 2020 WASDE - 602 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2020/21 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Jun 100.56 118.74 42.82 114.41 42.90 0.14 104.67 Jul 100.92 116.25 41.84 114.29 41.81 0.14 102.77 World Less China Jun 63.31 92.24 33.82 77.41 42.78 0.14 69.05 Jul 63.92 89.75 32.84 77.29 41.68 0.14 67.40 United States Jun 7.30 19.50 0.01 2.80 16.00 0.01 8.00 Jul 7.10 17.50 0.01 2.80 15.00 0.01 6.80 filler filler filler filler filler filler filler Total Foreign Jun 93.26 99.24 42.81 111.61 26.90 0.13 96.67 Jul 93.82 98.75 41.84 111.49 26.81 0.13 95.97 Major Exporters 4/ Jun 41.83 56.79 1.81 32.04 22.88 0.02 45.50 Jul 42.03 56.52 1.81 32.03 22.78 0.02 45.52 Central Asia 5/ Jun 2.81 5.67 3/ 4.14 1.36 0.00 2.98 Jul 2.81 5.67 3/ 4.14 1.36 0.00 2.98 Afr. Fr. Zone 6/ Jun 2.60 6.07 3/ 0.14 5.54 0.00 2.98 Jul 2.70 6.07 3/ 0.14 5.54 0.00 3.08 S. Hemis. 7/ Jun 17.16 16.20 0.16 4.13 11.21 0.01 18.17 Jul 17.05 15.93 0.16 4.12 11.12 0.01 17.89 Australia Jun 0.91 1.70 3/ 0.04 1.00 0.00 1.58 Jul 0.91 1.70 3/ 0.04 1.00 0.00 1.58 filler filler filler filler filler filler filler Brazil Jun 13.88 12.00 0.03 3.20 9.00 0.00 13.71 Jul 13.71 12.00 0.03 3.20 9.00 0.00 13.54 India Jun 19.01 28.50 1.10 23.00 4.50 0.00 21.11 Jul 19.21 28.50 1.10 23.00 4.50 0.00 21.31 Major Importers 8/ Jun 48.47 39.35 38.56 75.60 2.53 0.11 48.14 Jul 49.16 39.14 37.59 75.50 2.53 0.11 47.74 Mexico Jun 0.61 1.15 0.90 1.80 0.20 0.03 0.64 Jul 0.76 1.05 0.65 1.70 0.20 0.03 0.54 China Jun 37.25 26.50 9.00 37.00 0.13 0.00 35.62 Jul 37.00 26.50 9.00 37.00 0.13 0.00 35.37 European Union 9/ Jun 0.46 1.95 0.61 0.66 1.77 0.03 0.57 Jul 0.44 1.94 0.59 0.66 1.77 0.03 0.51 Turkey Jun 2.34 3.30 4.20 6.90 0.33 0.00 2.62 Jul 2.62 3.00 4.10 6.90 0.33 0.00 2.49 Pakistan Jun 2.90 6.30 4.50 10.30 0.10 0.03 3.27 Jul 3.22 6.50 3.90 10.30 0.10 0.03 3.20 Indonesia Jun 0.68 3/ 3.05 3.00 0.01 0.00 0.73 Jul 0.68 3/ 3.05 3.00 0.01 0.00 0.73 Thailand Jun 0.10 3/ 0.93 0.85 0.00 0.03 0.16 Jul 0.10 3/ 0.93 0.85 0.00 0.03 0.16 Bangladesh Jun 2.22 0.15 7.10 7.00 0.00 0.01 2.45 Jul 2.42 0.15 7.10 7.00 0.00 0.01 2.65 Vietnam Jun 1.59 3/ 7.00 6.80 0.00 0.00 1.79 Jul 1.59 3/ 7.00 6.80 0.00 0.00 1.79 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. July 2020 WASDE - 602 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 98.60 360.55 144.61 297.33 342.62 148.41 112.74 World Less China 75.54 344.58 62.07 212.33 240.62 148.30 93.28 United States 11.92 120.52 0.38 56.94 60.40 47.68 24.74 Total Foreign 86.68 240.03 144.23 240.40 282.21 100.74 88.00 Major Exporters 3/ 56.87 185.98 6.56 86.79 96.22 91.35 61.84 Argentina 23.73 55.30 6.41 40.57 47.45 9.10 28.89 Brazil 32.74 119.00 0.14 42.53 44.87 74.59 32.42 Paraguay 0.39 8.85 0.01 3.62 3.82 4.90 0.53 Major Importers 4/ 25.67 19.84 114.98 113.03 138.08 0.32 22.09 China 23.06 15.97 82.54 85.00 102.00 0.12 19.46 European Union 1.40 2.66 14.98 15.60 17.26 0.18 1.61 Southeast Asia 0.84 0.66 8.27 3.81 9.08 0.02 0.67 Mexico 0.17 0.34 5.87 6.15 6.20 0.00 0.18 2019/20 Est. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 112.74 337.14 157.62 304.16 348.41 159.41 99.67 World Less China 93.28 319.04 61.62 215.66 242.21 159.30 72.43 United States 24.74 96.68 0.41 58.65 60.05 44.91 16.87 Total Foreign 88.00 240.46 157.21 245.52 288.36 114.51 82.81 Major Exporters 3/ 61.84 187.90 4.28 88.88 98.92 105.83 49.27 Argentina 28.89 50.00 4.00 40.80 47.89 9.00 26.00 Brazil 32.42 126.00 0.25 44.25 46.90 89.00 22.77 Paraguay 0.53 9.90 0.02 3.75 4.05 5.90 0.50 Major Importers 4/ 22.09 21.78 129.01 116.74 142.51 0.39 29.99 China 19.46 18.10 96.00 88.50 106.20 0.11 27.25 European Union 1.61 2.63 15.10 15.80 17.46 0.25 1.63 Southeast Asia 0.67 0.61 8.52 3.74 9.02 0.03 0.75 Mexico 0.18 0.24 6.00 6.20 6.25 0.00 0.16 2020/21 Proj. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ Jun 99.19 362.85 158.02 313.71 361.74 161.98 96.34 Jul 99.67 362.52 158.02 315.57 363.56 161.58 95.08 World Less China Jun 72.95 345.35 62.02 220.21 249.84 161.88 68.61 Jul 72.43 345.02 62.02 220.57 250.16 161.48 67.83 United States Jun 15.92 112.26 0.41 58.38 62.05 55.79 10.76 Jul 16.87 112.54 0.41 58.79 62.46 55.79 11.56 Total Foreign Jun 83.27 250.58 157.62 255.33 299.69 106.19 85.59 Jul 82.81 249.98 157.62 256.78 301.10 105.79 83.52 Major Exporters 3/ Jun 50.93 197.10 3.76 91.88 102.03 98.08 51.68 Jul 49.27 196.85 3.76 91.88 102.03 97.83 50.02 Argentina Jun 25.60 53.50 3.60 43.00 50.20 6.50 26.00 Jul 26.00 53.50 3.60 43.00 50.20 6.50 26.40 Brazil Jun 24.83 131.00 0.15 45.00 47.65 83.00 25.33 Jul 22.77 131.00 0.15 45.00 47.65 83.00 23.27 Paraguay Jun 0.50 10.25 0.01 3.80 4.10 6.30 0.35 Jul 0.50 10.25 0.01 3.80 4.10 6.30 0.35 Major Importers 4/ Jun 28.98 21.33 129.33 122.04 148.84 0.33 30.47 Jul 29.99 21.33 129.33 123.54 150.34 0.33 29.98 China Jun 26.24 17.50 96.00 93.50 111.90 0.10 27.74 Jul 27.25 17.50 96.00 95.00 113.40 0.10 27.25 European Union Jun 1.63 2.60 14.90 15.70 17.36 0.20 1.57 Jul 1.63 2.60 14.90 15.70 17.36 0.20 1.57 Southeast Asia Jun 0.75 0.60 8.92 3.92 9.46 0.03 0.79 Jul 0.75 0.60 8.92 3.92 9.46 0.03 0.79 Mexico Jun 0.16 0.39 6.10 6.40 6.47 0.00 0.18 Jul 0.16 0.39 6.10 6.40 6.47 0.00 0.18 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports . Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to roun ding. July 2020 WASDE - 602 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.47 233.33 62.05 229.79 67.28 11.79 World Less China 13.47 166.01 62.03 163.38 66.35 11.79 United States 0.50 44.28 0.62 32.85 12.19 0.37 Total Foreign 12.97 189.05 61.43 196.94 55.09 11.42 Major Exporters 3/ 6.99 71.84 0.10 26.05 47.11 5.76 Argentina 2.48 31.20 0.03 3.13 28.83 1.74 Brazil 4.30 32.96 0.02 17.65 16.09 3.54 India 0.22 7.68 0.05 5.28 2.18 0.48 Major Importers 4/ 1.58 22.02 38.88 60.26 0.59 1.64 European Union 0.21 12.32 18.76 30.44 0.37 0.48 Mexico 0.04 4.86 1.84 6.58 0.01 0.15 Southeast Asia 5/ 1.21 2.98 16.69 19.77 0.20 0.91 2019/20 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 11.79 239.07 63.42 237.44 67.04 9.79 World Less China 11.79 168.98 63.39 168.30 66.06 9.79 United States 0.37 45.92 0.54 34.29 12.20 0.34 Total Foreign 11.42 193.14 62.87 203.15 54.84 9.45 Major Exporters 3/ 5.76 72.34 0.08 26.86 46.70 4.62 Argentina 1.74 31.35 0.00 3.28 28.00 1.81 Brazil 3.54 34.35 0.03 18.09 17.25 2.58 India 0.48 6.64 0.05 5.49 1.45 0.23 Major Importers 4/ 1.64 22.19 39.20 61.05 0.52 1.46 European Union 0.48 12.48 18.50 30.79 0.30 0.37 Mexico 0.15 4.90 1.93 6.90 0.01 0.07 Southeast Asia 5/ 0.91 2.92 17.15 19.85 0.21 0.92 2020/21 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Jun 10.18 246.72 64.43 244.20 67.39 9.74 Jul 9.79 248.28 64.45 245.63 67.50 9.38 World Less China Jun 10.18 172.67 64.41 171.13 66.39 9.74 Jul 9.79 173.04 64.43 171.38 66.50 9.38 United States Jun 0.34 45.84 0.36 34.29 11.88 0.36 Jul 0.34 46.24 0.36 34.56 12.02 0.36 Total Foreign Jun 9.84 200.88 64.06 209.91 55.51 9.38 Jul 9.45 202.03 64.08 211.07 55.48 9.02 Major Exporters 3/ Jun 5.14 75.47 0.08 27.69 47.82 5.18 Jul 4.62 75.47 0.08 27.70 47.82 4.65 Argentina Jun 1.81 33.05 0.00 3.40 29.65 1.81 Jul 1.81 33.05 0.00 3.40 29.65 1.81 Brazil Jun 3.10 34.90 0.03 18.50 16.30 3.23 Jul 2.58 34.90 0.03 18.51 16.30 2.70 India Jun 0.23 7.52 0.05 5.79 1.87 0.14 Jul 0.23 7.52 0.05 5.79 1.87 0.14 Major Importers 4/ Jun 1.46 22.42 39.84 61.72 0.52 1.49 Jul 1.46 22.42 39.84 61.72 0.52 1.49 European Union Jun 0.37 12.40 18.75 30.94 0.30 0.28 Jul 0.37 12.40 18.75 30.94 0.30 0.28 Mexico Jun 0.07 5.06 2.00 7.05 0.01 0.07 Jul 0.07 5.06 2.00 7.05 0.01 0.07 Southeast Asia 5/ Jun 0.92 3.06 17.47 20.21 0.21 1.04 Jul 0.92 3.06 17.47 20.21 0.21 1.04 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. July 2020 WASDE - 602 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 3.83 55.67 10.43 54.93 11.18 3.83 World Less China 3.26 40.44 9.65 39.05 10.98 3.33 United States 0.91 10.98 0.18 10.38 0.88 0.81 Total Foreign 2.93 44.70 10.25 44.56 10.30 3.02 Major Exporters 3/ 0.80 19.74 0.47 12.24 7.78 0.99 Argentina 0.27 7.91 0.00 2.57 5.26 0.35 Brazil 0.37 8.18 0.02 7.17 1.08 0.33 European Union 0.15 2.96 0.42 2.46 0.79 0.29 Major Importers 4/ 1.02 17.98 6.36 23.99 0.31 1.07 China 0.57 15.23 0.78 15.89 0.20 0.50 India 0.17 1.73 3.00 4.75 0.01 0.14 North Africa 5/ 0.19 0.73 1.56 2.18 0.10 0.20 2019/20 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 3.83 56.85 10.85 55.68 11.80 4.04 World Less China 3.33 40.99 10.05 39.12 11.65 3.58 United States 0.81 11.20 0.16 9.96 1.29 0.92 Total Foreign 3.02 45.65 10.69 45.72 10.51 3.13 Major Exporters 3/ 0.99 20.16 0.49 12.35 8.09 1.20 Argentina 0.35 7.95 0.00 2.39 5.60 0.31 Brazil 0.33 8.50 0.06 7.45 1.03 0.42 European Union 0.29 3.00 0.43 2.47 0.80 0.45 Major Importers 4/ 1.07 18.51 6.59 24.87 0.27 1.03 China 0.50 15.86 0.80 16.55 0.15 0.46 India 0.14 1.50 3.35 4.86 0.01 0.12 North Africa 5/ 0.20 0.77 1.64 2.24 0.11 0.26 2020/21 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Jun 4.16 58.70 11.12 57.97 11.80 4.22 Jul 4.04 59.04 10.98 58.01 11.92 4.13 World Less China Jun 3.71 41.95 9.92 40.31 11.65 3.62 Jul 3.58 42.02 9.98 40.27 11.77 3.53 United States Jun 0.88 11.28 0.18 10.43 1.00 0.91 Jul 0.92 11.36 0.18 10.43 1.09 0.93 Total Foreign Jun 3.28 47.43 10.94 47.54 10.80 3.31 Jul 3.13 47.68 10.80 47.57 10.83 3.20 Major Exporters 3/ Jun 1.40 20.73 0.45 12.70 8.55 1.33 Jul 1.20 20.73 0.45 12.65 8.55 1.19 Argentina Jun 0.56 8.39 0.00 2.40 6.00 0.55 Jul 0.31 8.39 0.00 2.40 6.00 0.30 Brazil Jun 0.36 8.64 0.03 7.65 1.05 0.33 Jul 0.42 8.64 0.03 7.60 1.05 0.44 European Union Jun 0.45 2.98 0.42 2.61 0.83 0.42 Jul 0.45 2.98 0.42 2.61 0.83 0.42 Major Importers 4/ Jun 0.97 19.66 6.82 26.10 0.23 1.12 Jul 1.03 19.93 6.67 26.19 0.27 1.17 China Jun 0.46 16.76 1.20 17.66 0.15 0.60 Jul 0.46 17.02 1.00 17.73 0.15 0.60 India Jun 0.12 1.69 3.24 4.90 0.01 0.14 Jul 0.12 1.69 3.24 4.90 0.01 0.14 North Africa 5/ Jun 0.20 0.78 1.58 2.27 0.08 0.22 Jul 0.26 0.78 1.64 2.29 0.12 0.28 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. July 2020 WASDE - 602 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2019 III 6,923 6,706 13,683 11,402 1,453 12,992 26,675 2,347 54.2 IV 7,001 7,478 14,535 11,175 1,467 12,773 27,308 2,414 54.0 Annual 27,155 27,638 55,015 43,905 5,818 50,251 105,266 9,447 218.4 2020 I 6,929 7,426 14,407 11,237 1,469 12,841 27,248 2,349 56.1 II 6,050 6,315 12,415 10,900 1,360 12,399 24,814 2,243 55.7 III* 7,020 7,310 14,384 11,350 1,400 12,892 27,276 2,285 54.9 IV* 6,935 7,485 14,476 11,150 1,450 12,730 27,206 2,305 54.8 Annual Jun Proj. 26,674 27,766 54,653 44,037 5,769 50,352 105,005 9,389 222.5 Jul Proj. 26,934 28,536 55,682 44,637 5,679 50,862 106,544 9,182 221.5 2021 I* 6,805 7,110 13,967 11,000 1,420 12,550 26,517 2,280 56.4 II* 7,050 6,990 14,098 11,175 1,425 12,740 26,838 2,295 57.8 Annual Jun Proj. 27,575 28,235 56,028 44,975 5,845 51,360 107,388 9,545 225.3 Jul Proj. 27,720 28,565 56,503 45,175 5,770 51,485 107,988 9,345 225.6 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2019 III 108.16 50.08 82.0 90.8 81.9 18.97 IV 114.88 43.11 80.6 97.8 117.2 20.60 Annual 116.78 47.95 88.6 89.2 94.0 18.63 2020 I 118.32 42.52 83.5 97.4 133.1 18.83 II 105.79 38.96 67.4 103.7 119.6 14.70 III* 100.00 38.00 64.0 109.0 106.0 20.95 IV* 103.00 36.00 65.0 111.0 129.0 18.55 Annual Jun Proj. 108.6 42.4 69.9 104.9 125.5 16.65 Jul Proj. 106.8 38.9 70.0 105.3 121.9 18.25 2021 I* 104.00 41.00 80.0 102.0 120.0 17.35 II* 105.00 47.00 87.0 104.0 100.0 16.25 Annual Jun Proj. 110 47 81 104 115 16.20 Jul Proj. 110 44 81 105 115 17.05 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. July 2020 WASDE - 602 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2019 662 27,221 3,058 30,940 3,026 642 27,272 58.1 2020 Proj. Jun 642 26,740 2,974 30,356 2,944 675 26,736 56.6 Jul 642 27,000 3,039 30,681 2,914 645 27,121 57.5 2021 Proj. Jun 675 27,641 3,020 31,336 3,140 650 27,546 58.0 Jul 645 27,786 3,020 31,451 3,140 650 27,661 58.2 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2019 559 27,652 945 29,156 6,321 646 22,188 52.4 2020 Proj. Jun 646 27,780 816 29,243 7,198 580 21,465 50.4 Jul 646 28,550 851 30,048 7,523 535 21,990 51.6 2021 Proj. Jun 580 28,249 855 29,684 7,300 600 21,784 50.8 Jul 535 28,579 895 30,009 7,650 590 21,769 50.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2019 1,266 55,105 4,275 60,646 9,353 1,330 49,963 111.9 2020 Proj. Jun 1,330 54,743 4,058 60,130 10,151 1,300 48,679 108.3 Jul 1,330 55,772 4,168 61,269 10,446 1,226 49,597 110.4 2021 Proj. Jun 1,300 56,118 4,148 61,566 10,446 1,293 49,827 110.1 Jul 1,226 56,593 4,188 62,007 10,796 1,283 49,928 110.3 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2019 845 43,435 131 44,411 7,103 937 36,371 95.1 2020 Proj. Jun 937 43,566 133 44,635 7,363 840 36,432 94.7 Jul 937 44,159 133 45,229 7,338 840 37,051 96.3 2021 Proj. Jun 840 44,494 132 45,466 7,400 850 37,216 96.1 Jul 840 44,692 132 45,664 7,400 850 37,414 96.6 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2019 303 5,818 12 6,133 639 233 5,261 16.0 2020 Proj. Jun 233 5,769 13 6,014 569 235 5,210 15.8 Jul 233 5,679 14 5,925 539 215 5,171 15.7 2021 Proj. Jun 235 5,845 12 6,092 580 240 5,272 15.9 Jul 215 5,770 12 5,997 555 230 5,212 15.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2019 1,153 49,781 146 51,080 7,824 1,175 42,081 112.5 2020 Proj. Jun 1,175 49,880 149 51,204 8,015 1,082 42,107 111.9 Jul 1,175 50,384 150 51,708 7,962 1,060 42,686 113.4 2021 Proj. Jun 1,082 50,878 147 52,107 8,050 1,097 42,960 113.4 Jul 1,060 51,001 147 52,208 8,025 1,087 43,096 113.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2019 2,419 104,886 4,421 111,725 17,177 2,504 92,044 224.3 2020 Proj. Jun 2,504 104,623 4,207 111,334 18,166 2,382 90,786 220.2 Jul 2,504 106,155 4,318 112,977 18,408 2,286 92,283 223.8 2021 Proj. Jun 2,382 106,996 4,295 113,673 18,496 2,390 92,787 223.5 Jul 2,286 107,594 4,335 114,215 18,821 2,370 93,024 224.1 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. July 2020 WASDE - 602 - 33 U.S. Egg Supply and Use Commodity 2018 2019 2020 Proj. 2020 Proj. 2021 Proj. 2021 Proj. Jun Jul Jun Jul Eggs Million Dozen Supply Beginning Stocks 87.5 78.8 108.7 108.7 135.0 130.0 Production 9,205.0 9,447.5 9,389.0 9,182.0 9,545.0 9,345.0 Imports 17.8 14.6 13.9 13.9 16.0 16.0 Total Supply 9,310.3 9,540.9 9,511.6 9,304.6 9,696.0 9,491.0 Use Exports 333.2 333.9 330.0 334.0 330.0 330.0 Hatching Use 1,057.5 1,081.2 1,079.1 1,079.1 1,105.0 1,105.0 Ending Stocks 78.8 108.7 135.0 130.0 140.0 135.0 Disappearance Total 7,840.9 8,017.1 7,967.5 7,761.5 8,121.0 7,921.0 Per Capita (number) 287.8 292.8 289.4 281.9 293.0 285.8 Total U.S. Milk Supply and Use Commodity 2018 2019 2020 Proj. 2020 Proj. 2021 Proj. 2021 Proj. Jun Jul Jun Jul Milk Billion Pounds Production 217.6 218.4 222.5 221.5 225.3 225.6 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 13.4 13.8 13.6 13.6 14.2 13.2 Marketings 216.6 217.4 221.5 220.5 224.3 224.6 Imports 6.3 6.9 6.8 7.0 6.7 6.9 Total Cml. Supply 236.2 238.1 241.9 241.1 245.2 244.6 Fat Basis Use Commercial Exports 10.4 9.1 8.9 9.1 9.2 9.3 Ending Commercial Stocks 13.8 13.6 14.2 13.2 13.7 13.3 CCC Donations 0.0 0.2 0.3 0.3 0.0 0.0 Domestic Commercial Use 212.1 215.2 218.6 218.6 222.4 222.1 Skim -solid Basis Supply Beg. Commercial Stocks 11.8 10.7 10.2 10.2 10.6 10.3 Marketings 216.6 217.4 221.5 220.5 224.3 224.6 Imports 5.5 5.8 5.8 5.8 5.6 5.6 Total Cml. Supply 233.8 233.9 237.5 236.5 240.5 240.5 Skim -solid Basis Use Commercial Exports 44.6 41.5 45.1 45.8 44.9 45.5 Ending Commercial Stocks 10.7 10.2 10.6 10.3 10.3 10.3 CCC Donations 0.0 0.2 0.1 0.1 0.0 0.0 Domestic Commercial Use 178.5 181.9 181.7 180.3 185.4 184.7 Total CCC Donations include purchases made through the USDA Trade Mitigation program. They do not include products purchased under other programs. Dairy domestic commercial use for 2020 includes additional milk marketed but not processed. Note: Totals may not add due to rounding. July 2020 WASDE - 602 - 34 U.S. Dairy Prices Commodity 2018 2019 2020 Proj. 2020 Proj. 2021 Proj. 2021 Proj. Jun Jul Jun Jul Product Prices 1/ Dollars Per Pound Cheese 1.5377 1.7586 1.660 1.905 1.610 1.725 Butter 2.2572 2.2431 1.680 1.685 1.690 1.715 Nonfat Dry Milk 0.7945 1.0419 1.000 1.040 0.970 1.010 Dry Whey 0.3422 0.3799 0.360 0.355 0.345 0.345 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 14.61 16.96 15.65 18.00 15.10 16.20 Class IV 14.23 16.30 13.55 13.95 13.35 13.80 All Milk 3/ 16.27 18.63 16.65 18.25 16.20 17.05 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated pla nts for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . July 2020 WASDE - 602 - 35 Reliability of July Projections 1/ Note: Tables on pages 35 -37 present a record of the July projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 2.8 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 4.7 percent. The average difference between the Jul y projection and the final estimate is 14.1 million tons, ranging from 1 million to 34.6 million tons. The July projection has been below the estimate 23 times and above 16 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 2.8 4.7 14.1 1.0 34.6 23 16 U.S. 3.5 5.9 1.5 0.0 6.2 18 21 Foreign 3.0 5.1 13.8 0.3 34.7 24 15 Exports World 5.9 10.1 6.4 0.2 18.7 26 13 U.S. 11.6 19.7 2.7 0.2 10.0 22 17 Foreign 7.3 12.4 6.2 0.1 21.3 27 12 Domestic Use World 2.0 3.4 9.4 1.6 25.7 23 16 U.S. 7.2 12.2 1.9 0.0 5.0 14 25 Foreign 2.0 3.3 9.0 1.3 26.9 25 14 Ending Stocks World 9.6 16.3 11.9 0.1 35.3 28 11 U.S. 18.3 31.1 3.1 0.2 13.9 23 16 Foreign 10.1 17.1 10.3 1.2 31.7 28 11 COARSE GRAINS 2/ Production World 2.9 4.9 22.9 1.3 68.4 21 18 U.S. 10.0 17.0 15.4 0.6 57.9 19 20 Foreign 2.6 4.4 14.9 1.1 53.0 21 18 Exports World 7.7 13.1 7.7 0.6 23.8 27 12 U.S. 26.0 44.1 7.9 0.2 24.4 15 24 Foreign 14.1 23.9 7.5 1.4 19.7 27 12 Domestic Use World 1.8 3.0 14.7 0.0 46.0 21 18 U.S. 4.5 7.6 6.9 0.0 22.2 24 15 Foreign 2.0 3.4 11.8 1.0 40.6 22 17 Ending Stocks World 18.7 31.7 22.4 1.6 171.9 25 14 U.S. 39.1 66.4 12.7 0.5 50.5 17 22 Foreign 16.4 27.8 15.3 0.2 155.2 28 11 RICE, milled Production World 2.4 4.0 6.9 0.4 24.0 24 15 U.S. 5.4 9.2 0.3 0.0 0.8 19 18 Foreign 2.4 4.1 6.9 0.5 24.3 24 15 Exports World 9.1 15.5 1.8 0.0 6.7 27 12 U.S. 10.7 18.1 0.2 0.0 1.0 17 18 Foreign 10.0 16.9 1.7 0.0 6.5 27 12 Domestic Use World 2.0 3.4 4.7 0.2 22.9 24 15 U.S. 8.2 14.0 0.2 0.0 0.5 14 24 Foreign 2.0 3.4 4.8 0.2 22.9 24 15 Ending Stocks World 13.6 23.1 6.6 0.1 26.5 30 9 U.S. 29.4 49.9 0.3 0.0 1.0 24 14 Foreign 14.9 25.3 6.6 0.2 26.0 31 8 1/ Footnotes at end of table. CONTINUED July 2020 WASDE - 602 - 36 Reliability of July Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 5.1 8.6 7.5 0.5 26.9 18 21 U.S. 7.1 12.0 3.8 0.2 11.7 20 19 Foreign 7.4 12.6 6.6 1.0 25.8 20 19 Exports World 7.7 13.0 3.5 0.0 10.7 25 14 U.S. 13.0 22.1 2.9 0.1 9.3 21 18 Foreign 19.6 33.2 2.9 0.0 10.5 23 16 Domestic Use World 3.8 6.4 5.4 0.5 16.1 22 17 U.S. 5.2 8.7 1.6 0.0 4.9 24 15 Foreign 4.1 7.0 4.7 0.1 11.2 22 17 Ending Stocks World 15.4 26.1 4.8 0.0 26.1 22 17 U.S. 53.5 90.8 3.0 0.0 13.4 13 26 Foreign 18.9 32.1 4.3 0.0 21.8 25 14 COTTON Million 480 -Pound Bales Production World 5.7 9.7 3.9 0.0 14.9 23 16 U.S. 9.8 16.6 1.4 0.1 5.3 21 18 Foreign 5.8 9.9 3.1 0.0 12.1 21 17 Exports World 10.3 17.5 2.4 0.1 11.6 22 17 U.S. 27.0 45.8 1.3 0.1 3.6 23 16 Foreign 13.5 22.9 1.9 0.0 9.8 18 21 Domestic Use World 5.4 9.1 3.5 0.0 21.6 18 21 U.S. 9.9 16.8 0.5 0.0 1.4 18 20 Foreign 5.4 9.2 3.4 0.1 21.0 17 22 Ending Stocks World 16.2 27.5 6.1 0.2 20.1 25 14 U.S. 39.2 66.5 1.4 0.1 4.9 17 22 Foreign 15.9 27.0 5.3 0.5 19.5 27 12 1/ Marketing years 1981/82 through 2019/20 for grains, soybeans (U.S. only), and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2018/19, and for 2019/20 the last mon th’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. July 2020 WASDE - 602 - 37 Reliability of United States July Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 10.9 18.6 559 12 2,190 22 17 Exports 27.1 46.1 282 0 900 15 22 Domestic Use 4.9 8.2 270 0 770 24 14 Ending Stocks 47.8 81.2 459 11 1,840 18 21 SORGHUM Production 17.9 30.4 67 3 213 22 17 Exports 40.7 69.1 47 0 170 19 19 Domestic Use 28.2 47.9 52 3 139 16 23 Ending Stocks 65.8 111.7 46 0 174 14 24 BARLEY Production 7.7 13.1 20 0 87 13 25 Exports 64.7 109.7 14 0 92 23 14 Domestic Use 10.0 17.0 24 0 87 15 23 Ending Stocks 22.0 37.3 26 0 114 16 22 OATS Production 12.8 21.7 20 0 144 6 32 Exports 95.8 162.6 1 0 8 10 12 Domestic Use 6.5 11.1 16 0 67 11 24 Ending Stocks 24.1 41.0 14 0 68 15 23 SOYBEAN MEAL Thousand Short Tons Production 5.2 8.8 1,249 118 4,432 28 11 Exports 15.1 25.6 874 50 2,450 22 17 Domestic Use 5.6 9.5 946 76 4,470 20 19 Ending Stocks 39.7 67.4 49 0 413 11 17 SOYBEAN OIL Million Pounds Production 4.9 8.4 612 55 2,130 28 11 Exports 34.1 57.8 421 0 1,575 22 16 Domestic Use 4.4 7.4 497 0 2,300 22 16 Ending Stocks 39.3 66.7 473 15 1,568 20 19 ANIMAL PROD. Million Pounds Beef 3.9 6.7 755 60 2,677 17 9 Pork 2.9 5.0 440 20 1,372 13 13 Broilers 2.2 3.7 644 175 1,338 11 15 Turkeys 3.8 6.5 162 2 468 10 16 Million Dozen Eggs 1.6 2.8 97 4 266 18 8 Billion Pounds Milk 1.6 2.7 2.3 0.1 7.0 15 11 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2019/20 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2018/19, and for 2019/20 the last month’s estimate. Calendar years 1994 through 2019 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1994 -2019. WASDE- 602-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. IPAD is located at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ To subscribe to receive WASDE -related notifications by email or text message visit https://public.govdelivery.com/accounts/USDAOC/subscriber/new?topic_id=USDAOC_223 . Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at 202 -720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE -602 – July 10, 2020 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

O C W W m a p G i I a A s g t K d m s C f b l t F h c m s $ m b G m o r s B l H ISSN: 1554-9 Office of the Chief Econo m WASDE - 5 5 WHEAT: T month. Th e at the midp prices to d a Global wh e ncrease th ndia, Kaz a and China. Australia in season, wi t growing co n tons led by Kazakhsta n decrease i n million ton s supplies, w COARSE G feed and r e billion bus h ast month than offset s Feed and r e higher exp e competitiv e month but, season-av e $3.50 per b month on h bushel, rai s Global coa r million, but outlook is f o relative to l a southern B r Barley pro d owered, b a Heilongjian 089 mist 57 he U.S. 2 0 e marketin g oint to a r a ate. eat supplie s at is partia l akhstan, Au Most cha n crease is b th yields pr o nditions wi t a 1.0-milli o n, both on l n EU expor s with incre a orld endin g GRAINS: T esidual use hels, down 6 but are stil l s a small in esidual us e ected price s eness of U. S if realized, erage corn bushel. So r igher yield s sed 5 cent s rse grain p r still above or lower pr o ast month. razil are e x duction is r a ased on dri e g and east W an Agri Farm Approve d 016/17 whe year aver a ange of $3. 3 s for 2016/ 1 lly offset b y stralia, Br a nges are a t based on c o ojected to b th yields p r on-ton incr e arger crop s ts on the c o ases in bo t g stocks ar e This month ’ , lower sto c 61 million f l forecast a crease in b e for 2016/ 1 s. Exports S. corn on would still price recei v rghum pro d s. Grain s o s on each e roduction f o the record oduction, s Brazil cor xpected to b aised for A r er-than-no r ern Inner M World nd D icultural Ma r m Service A g d by the Wo r at supply a age price r e 30 to $3.9 0 17 are rais e y decrease d azil, and C a ttributable t ontinued e x be nearly r e rojected re c ease for A u s. Export g ontinued d e th food an d e lowered 3 ’s 2016/17 cks, and hi g from last m at a record beginning s 17 is lower e are uncha the world m be the hig h ved by pro d duction for orghum pri c end from la s or 2016/17 reached i n slightly hig h n producti o boost first- c rgentina, A rmal condi t Mongolia. Ed Agr ema rketing Ser v gency rld Agricultu and deman d eceived by 0. The red u ed 0.4 milli o d beginnin g anada are p to harvest r xcellent gr o ecord high cord high. ustralia an d gains are p a ecline in s u d feed use. 3.8 million t U.S. corn o gher price s onth. Cor n 16.859 billi stocks due ed 25 milli o nged from market. C o hest since ducers is r a 2016/17 is ces are pr o st month. is forecas t n 2014/15. her consu m on is raise d crop plant e Australia, a n tions durin g EU corn a nricult nd E vice ral Outlook d estimate s producer s uction is d u on tons on g stocks. P partially off s reports an d owing con d . Brazil is a Global ex p d a 0.5-milli artially off s upplies. T o With total tons but re outlook is f s. Corn pr o n supplies f ion bushel s to a reduc t on bushels last mont h orn ending 1987/88. T aised 5 ce n forecast 1 4 ojected to a t down 2.8 The 2016 / mption, larg e d, as relati v ed area at t nd Canada g July and A nd barley p rtural Estim Economi c Foreign A Board S s are unch a s is lowere d ue to lower a 1.4-milli o Production set by red u d governm e ditions thus also exper i ports are r a ion-ton inc r set by a 1. 0 otal global u use rising main reco r for lower p r oduction is for 2016/1 7 s, as a sm a tion in 201 5 with a sm a h, reflecting stocks are The projec t nts on bot h 4 million b u average $2 million ton s /17 foreign er trade, a n vely favora b he expens e . China c o August in w roduction aSup mates c Research S Agricultural S September anged fro m d $0.10 pe r than expe c on-ton pro d increases f uctions for t ent data. T far in the g iencing fav o aised 2.1 m rease for 0-million-to n use is up 4 . faster tha n rd large. roduction, r forecast a t 7 are lower e aller crop m 5/16 expor t aller crop a the down fro m ted range f o h ends to $ 2 ushels abo v .75 to $3.3 s to 1,319. 7 coarse gr a nd reduced ble corn pri e of soybe a orn product i western are reduce dply s Service Service 12, 2016 m last r bushel cted duction for the EU The growing orable illion n .2 n reduced t 15.093 ed from more ts. and m last or the 2.90 to ve last 5 per 7 ain stocks ces in ans. ion is d; even WASDE-557-2 with lower barley producti on, EU internal market prices are expected to favor greater barley feeding, offsetting reduced corn feeding. Russia barley product ion is down based on lower- than-expected yields for spring barley. Corn exports are raised for Brazil with larger projected supplies for the local marketing year beginning in March 2017. Corn im ports are raised for China, re flecting updated expectations of trade by non-stat e importers. China’s barl ey imports are lowered as the pace of trade has slowed in recent months, despite global feed barley pr ices that are well be low a year ago. Foreign corn ending stocks for 2016/17 are lowered 0. 7 million tons from la st month. Stock declines are the largest in Argent ina and the EU, with the former reflecting expectations of larger exports during 2 015/16. Global corn stocks, at 219.5 million, ar e down from last month but still projected to be record high. RICE: U.S. 2016/17 all rice suppl ies are reduced 0.6 million cwt due to a lower production forecast that is mostly offset by increased beginning stocks. Import s are also lowered 0.5 million cwt. All rice beginning st ocks for 2016/17 are raised 7. 1 million cwt from last month based on USDA’s August Rice Stocks report. All rice production is lowered 7.2 million tons on both lower area and yield. The production estimate reflects excessive rain and flooding that has taken place in several areas of the Southern production region. The long-grain crop is lowered 4.8 million cw t to 177.9 million, but is 44.9 milli on cwt above the pr evious year and the largest crop since the 2010/1 1 record. Medium- and short-grain prod uction is lowered 2.3 million cwt to 59.3 m illion. Total rice exports are unch anged, but domestic and residual use is lowered 5.0 million cwt to 133.0. Ending stocks are ra ised 4.4 million cwt and the all rice season-average farm price is lowered $0.20 per cwt at the midpoin t to a projected range of $10.20 to $11.20. Global rice supplies for 2016/17 are raised 1.8 millio n tons on higher beginning stocks and production. Produc tion is raised 0.7 million tons and remains record large. India production for 2016/17 is raised 1.5 million t ons on an incr ease in projected harv ested area; however, this is partially offset by a 0.7-million-ton reduction for Viet nam. Global exports for 2016/17 are raised 0.3 millio n tons with stronger ship ments from India partia lly offset by reduced Vietnam exports. Global consum ption for 2016/17 is lo wered fractionally. With total supplies rising and total use declining, world ending stocks are raised 1. 8 million tons to 115.6 million. OILSEEDS: U.S. oilseed production for 2016/17 is projected at 124.3 million tons, up 4.1 million from last mont h with higher soybean, peanut, and cottonseed production. Soybean production is projected at a record 4,201 million bushels, up 141 milli on due to a higher yield forecast. Soybean supplies ar e raised with higher production more than offsetting lower beginning stocks. Despite highe r crush and exports, 2016/17 soybean ending stocks are projected at 365 million bushels, up 35 million from last mont h due to higher supplies. Changes for 2015/16 include higher exports and lower ending stoc ks. Exports are increased 60 million to a record 1,940 m illion bushels based on offici al trade through July and indications from record high August export inspections. En ding stocks are projected at 195 million bushels, down 60 m illion from last month. The U.S. season-average soybean price is forecast at $8 .30 to $9.80 per bushel, down 5 cents on both ends of the range. Soybean meal prices are also projected lower at $300 to WASDE-557-3 $340 per short ton, down 5 doll ars on both ends of the range. Soybea n oil prices are projected at 30.5 to 35.5 cents per pound, up 1 cent on both ends. Global oilseed production for 2016/ 17 is projected at 544.5 m illion tons, up 1.0 million from last month. A reduction for rapeseed is offset with gains for soybeans, sunflowerseed, peanuts, and cottons eed. Lower soybean prod uction forecasts for Br azil, India, and Canada are more than offset by higher production for the United Stat es and China. Brazil soybean production is reduced on lower ar ea as relatively stro ng corn prices in southern Brazil are expected to increase first-crop corn planting. Projected soyb ean production is reduced for India on lower area and yields . Lower yields reflect excessi ve rainfall throughout the major producing region for July and August. Soybean production is reduced for Ca nada on lower yields as reported by Statisti cs Canada. China so ybean production is raised as a higher area forecast more than offsets a lower yield. Global rapeseed production is reduced slightly with reduced forecast s for the EU and Russia partly offset by an increase for Canada. The 2016/17 Canada rapeseed crop is raised with both area and yield ad justed in line with the final estimates for the 2015/16 cr op recently issued by Statisti cs Canada. Other changes include increased peanut producti on for India and increased su nflowerseed production for Argentina. Global oilseed trade for 2016/17 is reduced this month mainly reflecting reduced soybean imports for China and reduced soybean exports for Brazil and Canada. Rapeseed and sunflowerseed imports are increas ed for the EU partly of fsetting lower rape seed production. Global oilseed stocks for 2016/17 are projected slightly highe r this month mainly reflecting the sharp increase in ending sto cks of rapeseed in Canada and increased soybean stocks for the United States. SUGAR: Sugar production for the fiscal year 2016 /17 is increased 63,9 04 short tons, raw value (STRV) to 9.272 million re sulting from new sugar crop fo recasts made by NASS in the September Crop Production report. Cane sugar production in Florida is increased by 95,536 STRV based on a higher sugar per acre implied by NASS’s Florida suga rcane yield forecast increase from last mont h of 2.0 tons/acre to 41.2 tons/acr e. Partially offsetting is a beet sugar production decline of 31,632 STRV based on a lowe r sugar per acre implied by NASS’s sugarbeet yield forecast decrease of 0.1 tons/acre to 31.3 and an ar ea harvested reduction of 3,000 acres. Beginning stocks for 2016/17 ar e increased by 70,951 STRV due to chan ges made to 2015/16 total supply that flowed into the ending stock estimate . The estimate of 2015/16 beet sugar production is increa sed by 75,951 STRV, primaril y based on a lower sugarbeet pile shrink factor implied by Sweetener Market Data (SMD) than was fore cast by processors in previous months. Imports for 2015/16 are reduced by 5,00 0 STRV based on a reduction of 30,000 from Mexico that is partially offset by a pace-to-date increa se of 25,000 for re- export imports. The reduc tion for Mexico re flects the entry of half of the 60,000 STRV of the expanded export access made in May by the Commerce Depart ment at USDA’s request. Imports for 2016/17 are re duced by 366,000 STRV to 2.652 million. All of the reduction is attributable to a decrease in imports from Mexico for 2016/17 . Total use for 2016/17 is unchanged from last month. En ding stocks for 2016/17 are pr ojected at 1.656 million STRV, implying an ending stocks-to- use ratio of 13.5 percent. WASDE-557-4 Beginning stocks for 2016/1 7 in Mexico are increas ed by 25,675 metric tons (MT) reflecting the reduction in 2015/16 ex ports to the United St ates. Exports for 201 6/17 to the United States are projected to decrease from last month by 313,236 MT to 860,199, based on changes made in this month’s WASDE projections for the Unit ed States as per the Countervailing Duty (CVD) Susp ension Agreement of December 19, 2014 (“Target Quantity of U.S. Sugar Needs”). Ending stocks for 2016/17 are projected at 1.248 million MT, an amount projected to meet suga r supply requirements of dome stic consumptio n and exports to the U.S. market for the first three months of the following market ing year. Exports for 2016/17 to non-U.S. destinat ions are projected resi dually at 223,963 MT. LIVESTOCK, POULTRY, AND DAIRY: The forecast for total red meat and poultry production for 2 016 is reduced from la st month as beef, pork, and broiler production forecasts are lowered. Turkey production is raised. Beef pr oduction is forecast lower on lower expected third quarter stee r and heifer slaughter. Pork production fo r 2016 is lowered on expectations of slight ly lower carcass weight s for the third quarter. USDA will release the Quarterly Hogs and Pigs report on Septembe r 30, providing an in dication of producer farrowing intentions into early 2 017. Broiler production is lowere d on slower expected growth in the second half of the year. Bird weights have been lower than previously expected. Turkey production for second-half 2016 is rais ed on production and hatchery da ta. No changes are made to the 2017 production forecasts for red meat or turkey , but the production forecast for broilers was reduce d. No changes are made to the egg production forecasts for 2016 or 2017. Beef import forecasts for 2016 and 2017 are unchanged. Beef expo rts for 2016 are raised on improving trade prospec ts in a number of countries, bu t the forecast is unchanged for 2017. The pork export fo recast for 2016 is lowered. Bro iler and turkey exports are lowered for 2016 and 2017 as the recovery in exports remains slower than expected. Cattle, hog, and broiler prices fo r second-half 2016 are reduced fr om last month as relatively weak prices are expected through the remainder of the year. The turkey pric e is raised on current price strength. The cattle price for 2017 is lowered and a small reduction is made to the first-quarter 2017 hog price. Poultry prices ar e unchanged from last mo nth. Egg prices are lowered for 2017. The milk production fore cast for 2016 is raised from last month as the cow inventory appears to have steadied in the face of expected impr ovements in returns. The production forecast for 2017 is raised to reflect slightly more rapi d growth in milk per cow. Fat basis exports are raised for 2016 and 2017. For 2016, cheese and crea m exports have re mained firm, and strength in whole milk powder (WMP) exports is expected to carry in to 2017. On a skim- solids basis, the export forecast s for 2016 and 2017 ar e raised on high er WMP and whey sales. Both fat and skim-so lids basis ending stocks for 2016 are forecast higher as butter and cheese stocks remain high; fat basis ending stocks are rais ed for 2017 as well. Cheese and butter prices are lo wered for 2016 and 2017 as supp lies remain high, but prices for nonfat dry milk (NDM) and whey are fore cast higher as the glo bal supply tightens and demand strengthens. The Class III price is lowered for 2016 an d 2017 as the reduction in the cheese price more than offsets the whey price increa se. The Class IV price is lowered for 2016 as the lower butter price more than offsets the higher NDM pr ice but is raised for 2017 as higher NDM prices more t han offset the lower butter pr ice forecast. The all milk p a C r a r m f t t W e t r F v a A S C price is for e at $16.15 t o COTTON: relative to l a and Califo rn revised 10 0 mill use is r forecast is u total use. T to 69 cents With larger ending sto c the United S raised for s Faso, and M virtually un c at 89.8 mill i Approved b y Seth D. Mey e Committees. ecast lowe r o $17.15 p e The 2016/ ast month. nia are pa r 0,000 bale s reduced sli g unchange d The foreca s per pound 2016/17 w cks are rai s States, Ch i everal cou Mali, but is changed a n ion bales. y the Secret a er, (202) 72 r at $16.10 er cwt for 2 17 U.S. co t Productio rtially offse t s lower bas ghtly in bo t d. Ending s st range fo r . world cotto n sed only m a ina, and ot h ntries, incl u lowered f o nd trade is ary of Agric u 0-6030. Th WA to $16.30 p 2017. tton estim a n is raised t by reducti ed on indi c th 2015/16 stocks are n r the mark e n productio n arginally th i hers due t o uding Aust r or India, Ta n revised do ulture and t h is report w a ASDE-557-5 per cwt for ates includ e 263,000 b a ons for the cated stoc k and 2016/ 1 now projec eting year a n mostly of f is month. B o revisions ralia, the U n nzania, an d wn margin a he Chairma n as prepared APPRO V ROBERT SECRET A 2016 but i s e larger pr o ales, as in c e Southeas t ks as of Jul y 17 based o cted at 4.9 m average fa r ffset by low Beginning s in the 201 5 nited Stat e d Zimbabw ally. Worl d n of the Wo r by the Inte r VED BY: T C. JOHAN S ARY OF A G s unchang e oduction a n creases fo r t. Beginni n y 31, 2016 on recent a c million bal e rm price is u wer beginni n stocks are 5/16 estim a es, Pakista n e. Global c d ending st o rld Agricultu ragency Co m SSON GRICULTU R ed from la s nd ending s r the South w ng stocks a , while do m ctivity. Th e es, or 33 p e unchange d ng stocks, w reduced f o ates. Prod u n, Turkey, B consumpti o ocks are p r ral Outlook mmodity Es t RE DESIGN A st month stocks west are mestic e export ercent of d at 57 world or Brazil, uction is Burkina on is rojected Board, timates ATE N D E INTE Note: The W Demand Est i Estimates C o Wheat: Jennife r Rice: W Nathan Feed G r mjewiso n Oilsee d Mark A s Cotton:Darryl E Sugar: Michael Meat A n Sherry W Poultry Larry H a Dairy: S Roger C In 2 ERAGE N World Agric u imates (WA ommittees ( William C r Bond, ER William Ch a Childs, E R rains: Mich [email protected] a ds: Keith M sh, ERS; B i Carol Sk e Earnest, A M Stephen H McConnel nimals: Sh Wise, AMS : Shayle S aller, AMS; Shayle Sh a Cryan, AM S 2016, the WNCY C O ultural Outlo o SDE) repor t (ICECs) tha t hambers, I S; Teresa M ambers, IC E RS; Rachel hael Jewis o a.gov, Tom Menzie, IC E ill George, elly, ICEC C MS; Leslie M Haley, ICE C l, ERS; Ro hayle Sha g ; Mildred H Shagam, I C David Ha r agam, ICE C S; Jerry Ce s WASDE re p WA OMMODI ok Board re v t. The Boa r t prepare th e CEC Chai r McKeivier, EC Chair, W Trego, FA S on, Acting I Capehart, EC Chair, W FAS; Sus a Chair, WA O Meyer, ER S C Chair, W A n Lord, F A gam, ICEC Haley, ERS ; CEC Chair, rvey, ERS; C Chair, W ssna, ERS ; port will be ASDE-557-6 TY EST views and a p rd’s analyst s e monthly r e r, WAOB, E FAS; Mar k WAOB, E-m S; Mark Si m CEC Chai r ERS; Yoo n WAOB, E-m an Prope r, F OB, E-mail : S; James J AOB, E-ma AS; Barbar a Chair, WA O ; Claire M e WAOB, E-m Joanna Hi t AOB, E-ma ; Paul Kien released o IMATE S approves th e s chair the I n eport. E-mail : wc h k Simone, F mail: wcha mone, FS A r, WAOB, E nhee Mac k mail: kmen z FSA. : cskelly @ ohnson, F A ail: shaley @ a Fecso, F S OB, E-mai l ezoughem, mail: ssh a tchne r, FAS ail: sshag a ndl, FAS; M on Oct. 12, S COM M e World Agr i nteragency hambers@ FSA. mbers @o c A. E-mail : ke, FAS; S u [email protected] s @oce.usda. g AS; Sherri e @oce.usd a SA. l: sshaga m FAS; Dale agam@oce S; Milton M [email protected] s Milton Madi s Nov. 9, D eMITTEE S icultural Su p Commodity oce.usda. g ce.usda.g o usan Prop e sda.gov gov e Grimm, F a.gov [email protected] d Leuck, F S .usda.gov Madison, F S sda.gov son, FSA. ec. 9. S pply and gov ov er, FSA. SA. da.gov SA. SA. WASDE-557-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................... 1 Interagency Commodity Estimates Committees ..................................................... 6 World & U.S. Supply & Use for Grains ................................................................... 8 World & U.S. Supply & Use for Cotton ................................................................... 9 World & U.S. Supply & Use for Oilseeds .............................................................. 10 U.S. Wheat Supply & Use .................................................................................... 11 U.S. Wheat Supply & Use by Class ..................................................................... 11 U.S. Feed Grain & Corn Supply & Use ................................................................ 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13 U.S. Rice Supply & Use ....................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................ 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ............................................................................. 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use .................................................................................. 18 World Coarse Grains Supply & Use ..................................................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use ..................................................................................... 24 World Cotton Supply & Use ................................................................................. 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ..................................................................... 29 World Soybean Oil Supply & Use......................................................................... 30 U.S. Quarterly Animal Product Production ........................................................... 31 U.S. Quarterly Prices for Animal Products ........................................................... 31 U.S. Meats Supply and Use ................................................................................. 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use .................................................................................... 33 U.S. Dairy Prices ................................................................................................. 34 Reliability Tables ................................................................................................. 35 Related USDA Reports ........................................................................................ 38 Metric Conversion Factors ................................................................................... 38 Electronic Access and Subscriptions ....................................................................... 40 September 2016 WASDE - 557 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Outpu tTotal SupplyTrade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2014/15 2511.87 3031.12 393.67 2455.82 575.30 2015/16 (Est.) 2454.05 3029.35 375.79 2430.73 598.62 filler filler filler filler filler 2016/17 (Proj.) Aug 2547.09 3145.24 388.34 2523.14 622.10 2016/17 (Proj.) Sep 2546.32 3144.93 392.51 2526.95 617.98 filler filler filler filler filler Wheat 2014/15 727.87 921.71 164.42 705.92 215.80 2015/16 (Est.) 734.80 950.59 171.86 709.70 240.89 filler filler filler filler filler 2016/17 (Proj.) Aug 743.44 985.32 170.70 732.50 252.82 2016/17 (Proj.) Sep 744.85 985.74 172.80 736.68 249.07 filler filler filler filler filler Coarse Grains 5/ 2014/15 1305.29 1516.95 185.66 1271.81 245.14 2015/16 (Est.) 1247.56 1492.69 162.84 1247.65 245.05 filler filler filler filler filler 2016/17 (Proj.) Aug 1322.56 1567.33 176.99 1311.82 255.51 2016/17 (Proj.) Sep 1319.74 1564.79 178.77 1311.47 253.31 filler filler filler filler filler Rice, milled 2014/15 478.70 592.46 43.58 478.09 114.37 2015/16 (Est.) 471.69 586.06 41.09 473.39 112.68 filler filler filler filler filler 2016/17 (Proj.) Aug 481.08 592.59 40.65 478.83 113.77 2016/17 (Proj.) Sep 481.73 594.41 40.94 478.80 115.60 filler filler filler filler filler United States Outpu tTotal Supply Trade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2014/15 439.49 499.23 83.28 346.98 68.98 2015/16 (Est.) 428.85 505.54 82.06 347.76 75.72 filler filler filler filler filler 2016/17 (Proj.) Aug 473.44 556.18 91.47 367.63 97.08 2016/17 (Proj.) Sep 472.03 555.14 91.47 367.08 96.60 filler filler filler filler filler Wheat 2014/15 55.15 75.33 23.52 31.33 20.48 2015/16 (Est.) 55.84 79.39 21.09 31.59 26.71 filler filler filler filler filler 2016/17 (Proj.) Aug 63.16 92.99 25.86 37.20 29.93 2016/17 (Proj.) Sep 63.16 92.99 25.86 37.20 29.93 filler filler filler filler filler Coarse Grains 5/ 2014/15 377.23 414.99 56.70 311.34 46.95 2015/16 (Est.) 366.90 417.73 57.55 312.64 47.54 filler filler filler filler filler 2016/17 (Proj.) Aug 402.53 453.42 61.96 326.04 65.41 2016/17 (Proj.) Sep 401.34 452.39 61.96 325.65 64.79 filler filler filler filler filler Rice, milled 2014/15 7.11 8.91 3.06 4.30 1.55 2015/16 (Est.) 6.11 8.43 3.42 3.53 1.48 filler filler filler filler filler 2016/17 (Proj.) Aug 7.76 9.77 3.65 4.38 1.74 2016/17 (Proj.) Sep 7.53 9.75 3.65 4.22 1.88 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). September 2016 WASDE - 557 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Outpu tTotal Supply Trade 2 /Total UseEnding Stocks Total Grains 4/ 2014/15 2,072.38 2,531.89 310.39 2,108.84 506.33 2015/16 (Est.) 2,025.20 2,523.81 293.73 2,082.98 522.90 filler filler filler filler filler 2016/17 (Proj.) Aug 2,073.65 2,589.06 296.87 2,155.51 525.02 2016/17 (Proj.) Sep 2,074.29 2,589.80 301.04 2,159.87 521.39 filler filler filler filler filler Wheat 2014/15 672.73 846.38 140.90 674.58 195.32 2015/16 (Est.) 678.96 871.20 150.77 678.11 214.19 filler filler filler filler filler 2016/17 (Proj.) Aug 680.29 892.33 144.85 695.30 222.89 2016/17 (Proj.) Sep 681.69 892.75 146.95 699.47 219.13 filler filler filler filler filler Coarse Grains 5/ 2014/15 928.05 1,101.96 128.96 960.47 198.19 2015/16 (Est.) 880.66 1,074.97 105.29 935.01 197.51 filler filler filler filler filler 2016/17 (Proj.) Aug 920.04 1,113.91 115.03 985.77 190.10 2016/17 (Proj.) Sep 918.40 1,112.39 116.81 985.82 188.53 filler filler filler filler filler Rice, milled 2014/15 471.60 583.55 40.52 473.79 112.82 2015/16 (Est.) 465.59 577.64 37.67 469.86 111.20 filler filler filler filler filler 2016/17 (Proj.) Aug 473.33 582.82 37.00 474.45 112.03 2016/17 (Proj.) Sep 474.20 584.66 37.29 474.58 113.73 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales Outpu tTotal Supply Trade 2 /Total Use 3 /Ending Stocks World 2014/15 119.10 222.33 35.43 110.13 112.35 2015/16 (Est.) 96.44 208.79 34.82 110.09 98.55 filler filler filler filler filler 2016/17 (Proj.) Aug 101.58 200.76 34.02 111.26 89.61 2016/17 (Proj.) Sep 102.47 201.02 33.91 111.23 89.81 filler filler filler filler filler United States 2014/15 16.32 18.68 11.25 3.58 3.65 2015/16 (Est.) 12.89 16.57 9.15 3.45 3.80 filler filler filler filler filler 2016/17 (Proj.) Aug 15.88 19.79 11.50 3.60 4.70 2016/17 (Proj.) Sep 16.14 19.95 11.50 3.50 4.90 filler filler filler filler filler Foreign 4/ 2014/15 102.78 203.65 24.18 106.56 108.70 2015/16 (Est.) 83.55 192.22 25.67 106.64 94.75 filler filler filler filler filler 2016/17 (Proj.) Aug 85.70 180.97 22.52 107.66 84.91 2016/17 (Proj.) Sep 86.33 181.07 22.41 107.73 84.91 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. September 2016 WASDE - 557 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Outpu tTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2014/15 536.84 614.66 146.95 439.33 93.32 2015/16 (Est.) 520.61 613.93 153.92 449.34 84.27 filler filler filler filler filler 2016/17 (Proj.) Aug 543.46 627.11 158.56 464.72 80.49 2016/17 (Proj.) Sep 544.47 628.74 158.24 463.90 82.81 filler filler filler filler filler Oilmeals 2014/15 299.44 313.57 85.34 294.34 15.46 2015/16 (Est.) 307.88 323.34 88.56 305.58 14.67 filler filler filler filler filler 2016/17 (Proj.) Aug 319.37 333.39 93.44 316.26 13.10 2016/17 (Proj.) Sep 318.30 332.96 92.33 316.10 13.60 filler filler filler filler filler Vegetable Oils 2014/15 177.21 200.26 76.59 171.75 22.61 2015/16 (Est.) 177.73 200.34 75.51 178.30 19.61 filler filler filler filler filler 2016/17 (Proj.) Aug 186.92 206.47 78.88 184.43 18.13 2016/17 (Proj.) Sep 186.87 206.47 78.81 184.10 18.39 filler filler filler filler filler United States Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2014/15 116.03 121.83 51.12 55.11 6.76 2015/16 (Est.) 116.05 123.97 53.90 55.45 6.81 filler filler filler filler filler 2016/17 (Proj.) Aug 120.21 130.71 54.19 57.08 11.10 2016/17 (Proj.) Sep 124.26 132.52 55.15 57.43 11.52 filler filler filler filler filler Oilmeals 2014/15 43.27 47.44 12.15 35.00 0.29 2015/16 (Est.) 43.00 47.35 11.04 35.98 0.34 filler filler filler filler filler 2016/17 (Proj.) Aug 44.32 48.66 11.49 36.84 0.34 2016/17 (Proj.) Sep 44.54 48.90 11.49 37.07 0.34 filler filler filler filler filler Vegetable Oils 2014/15 10.94 16.14 1.17 13.75 1.21 2015/16 (Est.) 11.20 16.91 1.31 14.36 1.24 filler filler filler filler filler 2016/17 (Proj.) Aug 11.47 17.20 1.35 14.70 1.15 2016/17 (Proj.) Sep 11.56 17.24 1.30 14.80 1.14 filler filler filler filler filler Foreign 3/ OutputTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2014/15 420.81 492.83 95.84 384.22 86.57 2015/16 (Est.) 404.56 489.97 100.02 393.89 77.46 filler filler filler filler filler 2016/17 (Proj.) Aug 423.26 496.39 104.37 407.63 69.39 2016/17 (Proj.) Sep 420.21 496.22 103.10 406.47 71.29 filler filler filler filler filler Oilmeals 2014/15 256.17 266.14 73.20 259.35 15.16 2015/16 (Est.) 264.89 275.98 77.52 269.60 14.33 filler filler filler filler filler 2016/17 (Proj.) Aug 275.05 284.73 81.95 279.42 12.77 2016/17 (Proj.) Sep 273.75 284.07 80.84 279.03 13.26 filler filler filler filler filler Vegetable Oils 2014/15 166.27 184.12 75.42 158.00 21.40 2015/16 (Est.) 166.53 183.43 74.20 163.95 18.36 filler filler filler filler filler 2016/17 (Proj.) Aug 175.45 189.27 77.54 169.73 16.98 2016/17 (Proj.) Sep 175.31 189.23 77.51 169.30 17.25 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. September 2016 WASDE - 557 - 11 U.S. Wheat Supply and Use 1/ 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Aug Sep Million Acres Area Planted 56.8 54.6 50.8 50.8 Area Harvested 46.4 47.1 44.1 44.1 Bushels Yield per Harvested Acre 43.7 43.6 52.6 52.6 Million Bushels Beginning Stocks 590 752 981 981 Production 2,026 2,052 2,321 2,321 Imports 151 113 115 115 Supply, Total 2,768 2,917 3,417 3,417 Food 958 957 968 968 Seed 79 68 69 69 Feed and Residual 114 135 330 330 Domestic, Total 1,151 1,161 1,367 1,367 Exports 864 775 950 950 Use, Total 2,015 1,936 2,317 2,317 Ending Stocks 752 981 1,100 1,100 Avg. Farm Price ($/bu) 2/ 5.99 4.89 3.35 - 4.05 3.30 - 3.90 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winte rHard Red SpringSoft Red Winte r White Durum Total Millio n Bushel s 2015/16 (Est.) Beginning Stocks 294 212 154 67 26 752 Production 827 564 359 219 82 2,052 Supply, Total 3/ 1,127 825 531 292 142 2,917 Domestic Use 455 295 255 72 85 1,161 Exports 226 252 120 147 29 775 Use, Total 681 547 375 219 114 1,936 Ending Stocks, Total 446 278 157 74 28 981 2016/17 (Proj.) Beginning Stocks 446 278 157 74 28 981 Production 1,048 531 372 278 92 2,321 Supply, Total 3/ 1,499 850 554 360 155 3,417 Domestic Use 581 322 274 102 88 1,367 Exports 370 280 110 155 35 950 Use, Total 951 602 384 257 123 2,317 Ending Stocks, Total Sep 548 248 170 103 32 1,100 Ending Stocks, Total Aug 578 238 155 103 27 1,100 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing-year weighted average price received by farmers. 3/ Includes imports. September 2016 WASDE - 557 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Aug Sep Million Acres Area Planted 103.5 103.1 107.4 107.4 Area Harvested 93.1 93.0 96.7 96.7 Metric Tons Yield per Harvested Acre 4.05 3.94 4.16 4.15 Million Metric Tons Beginning Stocks 34.3 46.9 47.3 47.5 Production 377.1 366.6 402.2 401.0 Imports 3.2 3.7 3.4 3.3 Supply, Total 414.6 417.2 452.9 451.8 Feed and Residual 139.3 137.2 149.1 148.6 Food, Seed & Industrial 171.6 174.9 176.4 176.6 Domestic, Total 310.9 312.1 325.5 325.1 Exports 56.7 57.5 62.0 62.0 Use, Total 367.6 369.7 387.5 387.1 Ending Stocks 46.9 47.5 65.4 64.8 CORN 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. August Septembe r Million Acres Area Planted 90.6 88.0 94.1 94.1 Area Harvested 83.1 80.7 86.6 86.6 Bushels Yield per Harvested Acre 171.0 168.4 175.1 174.4 Million Bushels Beginning Stocks 1,232 1,731 1,706 1,716 Production 14,216 13,601 15,153 15,093 Imports 32 65 50 50 Supply, Total 15,479 15,397 16,909 16,859 Feed and Residual 5,314 5,200 5,675 5,650 Food, Seed & Industrial 2/ 6,567 6,567 6,650 6,650 Ethanol & by-products 3/ 5,200 5,200 5,275 5,275 Domestic, Total 11,881 11,767 12,325 12,300 Exports 1,867 1,915 2,175 2,175 Use, Total 13,748 13,682 14,500 14,475 Ending Stocks 1,731 1,716 2,409 2,384 Avg. Farm Price ($/bu) 4/ 3.70 3.60 2.85 - 3.45 2.90 - 3.50 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access th e data on the Web through the Feed Grains Database at www.ers.usda.gov/data-products/feed-grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average pric e received by farmers. September 2016 WASDE - 557 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Aug Sep Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 7.1 8.5 7.2 7.2 Area Harvested (mil. acres) 6.4 7.9 6.5 6.5 Yield (bushels/acre) 67.6 76.0 73.5 75.7 Beginning Stocks 34 18 35 35 Production 433 597 475 488 Imports 0511 Supply, Total 467 620 511 525 Feed and Residual 82 100 90 95 Food, Seed & Industrial 15 145 120 125 Total Domestic 97 245 210 220 Exports 352 340 250 250 Use, Total 449 585 460 470 Ending Stocks 18 35 51 55 Avg. Farm Price ($/bu) 2/ 4.03 3.30 2.70 - 3.30 2.75 - 3.35 Filler Filler Filler Filler Filler BARLEY 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. August Septembe r Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.0 3.6 3.0 3.0 Area Harvested (mil. acres) 2.5 3.1 2.6 2.6 Yield (bushels/acre) 72.7 68.9 73.6 73.6 Beginning Stocks 82 79 102 102 Production 182 214 190 190 Imports 24 19 20 20 Supply, Total 287 311 312 312 Feed and Residual 43 46 50 50 Food, Seed & Industrial 151 153 153 153 Total Domestic 194 198 203 203 Exports 14 11 15 15 Use, Total 209 209 218 218 Ending Stocks 79 102 94 94 Avg. Farm Price ($/bu) 2/ 5.30 5.52 4.55 - 5.35 4.55 - 5.35 Filler Filler Filler Filler Filler OATS 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. August Septembe r Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.8 3.1 3.0 3.0 Area Harvested (mil. acres) 1.0 1.3 1.2 1.2 Yield (bushels/acre) 67.9 70.2 66.0 66.0 Beginning Stocks 25 54 57 57 Production 70 90 77 77 Imports 1 0 98 69 59 0 Supply, Total 204 229 229 224 Feed and Residual 71 93 90 90 Food, Seed & Industrial 77 77 78 78 Total Domestic 148 170 168 168 Exports 2222 Use, Total 150 172 170 170 Ending Stocks 54 57 59 54 Avg. Farm Price ($/bu) 2/ 3.21 2.12 1.60 - 2.00 1.55 - 1.95 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. September 2016 WASDE - 557 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Aug Sep Million Acres Area Planted 2.95 2.61 3.21 3.18 Area Harvested 2.93 2.58 3.19 3.13 Filler Pounds Yield per Harvested Acre 7,576 7,470 7,659 7,569 Million Hundredweight Beginning Stocks 2/ 31.8 48.5 39.4 46.5 Production 222.2 192.3 244.3 237.1 Imports 24.6 24.1 24.0 23.5 Supply, Total 278.7 265.0 307.7 307.1 Domestic & Residual 3/ 134.4 110.8 138.0 133.0 Exports, Total 4/ 95.7 107.7 115.0 115.0 Rough 31.8 38.2 37.0 39.0 Milled (rough equiv.) 63.9 69.6 78.0 76.0 Use, Total 230.2 218.5 253.0 248.0 Ending Stocks 48.5 46.5 54.7 59.1 Avg. Milling Yield (%) 5/ 70.50 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 13.40 12.20 10.40 - 11.40 10.20 - 11.20 Total LONG-GRAIN RICE 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. August Septembe r Harvested Acres (mil.) 2.20 1.84 Yield (pounds/acre) 7,407 7,218 Beginning Stocks 16.2 26.5 19.5 22.7 Production 162.7 133.0 182.7 177.9 Supply, Total 7/ 200.6 180.4 222.7 221.1 Domestic & Residual 3/ 106.2 81.1 105.0 103.0 Exports 8/ 68.0 76.5 81.0 81.0 Use, Total 174.2 157.7 186.0 184.0 Ending Stocks 26.5 22.7 36.7 37.1 Avg. Farm Price ($/cwt) 6/ 11.90 11.10 9.50 - 10.50 9.20 - 10.20 Filler Filler Filler Filler Filler MEDIUM & SHORT-GRAIN RICE 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. August Septembe r Harvested Acres (mil.) 0.74 0.73 Yield (pounds/acre) 8,080 8,103 Beginning Stocks 13.3 20.2 18.0 20.9 Production 59.6 59.3 61.6 59.3 Supply, Total 7/ 76.1 81.8 83.1 83.1 Domestic & Residual 3/ 28.3 29.6 33.0 30.0 Exports 8/ 27.7 31.2 34.0 34.0 Use, Total 56.0 60.9 67.0 64.0 Ending Stocks 20.2 20.9 16.1 19.1 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 18.30 15.50 13.10 - 14.10 13.00 - 14.00 California 10/ 21.60 18.10 14.50 - 15.50 14.50 - 15.50 Other States 1/ 14.40 11.30 10.00 - 11.00 9.70 - 10.70 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2014/15-1.9; 2015/16-2.9; 2016/17-2.9. 3/ Residual includes un reported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. The 2014/15 and 2015/16 milling yield is based on the Farm Service Agenc y (FSA) warehouse stored loan data for long, medium, and short grain rice. The 2016/17 milling yield is calculated using the previous five-year Olympic average-- 2011/12-2015/16. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain seasonaverage- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.65 per cwt from 2008/09-2013/14, with a high of $3.50 per cwt in 2008/0 9 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. September 2016 WASDE - 557 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Aug Sep Filler Filler Filler Filler Filler Million Acres Area Planted 83.3 82.7 83.7 83.7 Area Harvested 82.6 81.8 83.0 83.0 Filler Bushels Yield per Harvested Acre 47.5 48.0 48.9 50.6 Million Bushels Beginning Stocks 92 191 255 195 Production 3,927 3,929 4,060 4,201 Imports 33 25 30 30 Supply, Total 4,052 4,145 4,346 4,426 Crushings 1,873 1,900 1,940 1,950 Exports 1,842 1,940 1,950 1,985 Seed 96 97 95 95 Residual 50 12 31 31 Use, Total 3,862 3,949 4,016 4,061 Ending Stocks 191 195 330 365 Avg. Farm Price ($/bu) 2/ 10.10 8.95 8.35 - 9.85 8.30 - 9.80 Total SOYBEAN OIL 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. August Septembe r Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,165 1,855 1,950 1,810 Production 4/ 21,399 22,080 22,405 22,525 Imports 264 275 250 250 Supply, Total 22,828 24,210 24,605 24,585 Domestic Disappearance 18,959 20,000 20,450 20,550 Biodiesel 3/ 5,037 5,500 5,950 5,950 Food, Feed & other Industrial 13,922 14,500 14,500 14,600 Exports 2,014 2,400 2,400 2,300 Use, Total 20,973 22,400 22,850 22,850 Ending stocks 1,855 1,810 1,755 1,735 Avg. Price (c/lb) 2/ 31.60 29.75 29.50 - 32.50 30.50 - 33.50 Total SOYBEAN MEAL 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. August Septembe r Filler 1 2 3 4 Thousand Shor t Tons Beginning Stocks 250 260 300 300 Production 4/ 45,062 44,940 46,075 46,275 Imports 333 400 325 325 Supply, Total 45,645 45,600 46,700 46,900 Domestic Disappearance 32,277 33,500 34,100 34,300 Exports 13,108 11,800 12,300 12,300 Use, Total 45,384 45,300 46,400 46,600 Ending Stocks 260 300 300 300 Avg. Price ($/s.t.) 2/ 368.49 322.50 305.00 - 345.00 300.00 - 340.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by f armers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodi esel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 1,900 millio n bushels for 2015/16 and 1,950 million bushels for 2016/17. September 2016 WASDE - 557 - 16 U.S. Sugar Supply and Use 1/ 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Aug Sep Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 1,810 1,815 1,921 1,991 Production 2/ 8,656 9,001 9,208 9,272 Beet Sugar 4,893 5,124 5,320 5,288 Cane Sugar 3,763 3,877 3,889 3,984 Florida 1,981 2,173 2,038 2,133 Hawaii 146 165 40 40 Louisiana 1,513 1,423 1,676 1,676 Texas 123 116 135 135 Imports 3,553 3,405 3,018 2,652 TRQ 3/ 1,536 1,686 1,507 1,507 Other Program 4/ 471 375 125 125 Other 5/ 1,546 1,344 1,386 1,020 Mexico 1,532 1,329 1,371 1,005 Total Supply 14,019 14,221 14,147 13,916 Exports 1 8 57 52 52 5 Deliveries 12,019 12,155 12,235 12,235 Food 6/ 11,888 12,000 12,080 12,080 Other 7/ 131 155 155 155 Miscellaneous 0000 Total Use 12,204 12,230 12,260 12,260 Ending Stocks 1,815 1,991 1,887 1,656 Stocks to Use Ratio 14.9 16.3 15.4 13.5 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2015/16 and 2016/17 are based on Crop Production and processor projections where appropriate. 3/ For 2016/17, WTO raw sugar TRQ shortfall (99). For 2015/16, WTO raw sugar TRQ shortfall (90) 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ For 2014/15, other high-tier (15) and other (0). For 2015/16, other high-tier (15) and other (0). For 2016/17, other high-tier (15) and other (0). 6/Combines SMD deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar-containing products for reexport, and for nonedible alcohol, feed, and ethanol. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2015/16 Est. Aug 811 6,117 70 4,761 1,213 1,024 2015/16 Est. Sep 811 6,117 70 4,761 1,187 1,050 2016/17 Proj. Aug 1,024 6,100 10 4,828 1,183 1,123 2016/17 Proj. Sep 1,050 6,100 10 4,828 1,084 1,248 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): Oct-Sep 2014/15 = 1,444; Oct-July 14/15 = 1,205, Oct- July 2015/16 = 1,213 . Footnote source: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes domestic consumption, Mexico's products export program (IMMEX) , and any residual statistical discrepancies. IMMEX: 2015/16 (330 est), 2016/17 (330 proj). Statistical Adjustment: 2014/15 (-54), 2015/16 (0), 2016/17 (0). September 2016 WASDE - 557 - 17 U.S. Cotton Supply and Use 1/ 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Aug Sep Filler Filler Filler Filler Filler Area Million Acres Planted 11.04 8.58 10.02 10.15 Harvested 9.35 8.07 9.53 9.66 Filler Pounds Yield per Harvested Acre 838 766 800 802 Million 480 Pound Bales Beginning Stocks 2.35 3.65 3.90 3.80 Production 16.32 12.89 15.88 16.14 Imports 0.01 0.03 0.01 0.01 Supply, Total 18.68 16.57 19.79 19.95 Domestic Use 3.58 3.45 3.60 3.50 Exports, Total 11.25 9.15 11.50 11.50 Use, Total 14.82 12.60 15.10 15.00 Unaccounted 2/ 0.21 0.17 -0.01 0.05 Ending Stocks 3.65 3.80 4.70 4.90 Avg. Farm Price 3/ 61.3 58.0 57.00 - 69.00 57.00 - 69.00 Total Note: Reliability calculations at end of report. 1/ Upland and ex tra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. **Planted area as reported in the June 30 Acreage report. Harvested area based on 10-year average abandonment by region, with the Southwest adjusted to 10 percent to reflect favorable moisture conditions. Yield per harvested acre based on 3-year average yi elds by region, with the Southwest yield raised slightly to reflect favorable moisture conditions. September 2016 WASDE - 557 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 193.84 727.87 159.10 131.66 705.92 164.42 215.80 United States 16.07 55.15 4.12 3.11 31.33 23.52 20.48 Total Foreign 177.77 672.73 154.98 128.55 674.58 140.90 195.32 Major Exporters 4/ 27.39 224.18 6.66 62.87 147.35 81.47 29.41 Argentina 2 . 4 9 1 3 . 9 30 . 0 40 . 3 06 . 3 55 . 3 04 . 8 0 Australia 4.56 23.91 0.16 3.80 7.20 16.59 4.84 Canada 10.41 29.42 0.49 3.77 9.10 24.16 7.05 European Union 5/ 9.94 156.92 5.98 55.00 124.70 35.42 12.72 Major Importers 6/ 99.95 197.40 84.96 29.88 262.21 7.64 112.47 Brazil 1.89 6.00 5.37 0.30 10.70 1.69 0.87 China 65.27 126.21 1.93 16.00 116.50 0.80 76.11 Sel. Mideast 7/ 12.19 17.66 21.27 4.45 36.10 1.52 13.51 N. Africa 8/ 13.51 17.01 25.43 2.48 42.65 0.61 12.69 Pakistan 2.19 25.98 0.75 1.00 24.50 0.70 3.72 Southeast Asia 9/ 3.43 0.00 19.85 4.76 18.52 0.95 3.82 Selected Other India 17.83 95.85 0.05 4.50 93.12 3.41 17.20 FSU-12 15.62 112.74 7.68 24.65 75.86 40.21 19.97 Russia 5.18 59.08 0.33 13.00 35.50 22.80 6.29 Kazakhstan 1 . 9 9 1 3 . 0 00 . 6 02 . 0 06 . 8 05 . 5 43 . 2 5 Ukraine 3.67 24.75 0.03 4.00 12.00 11.27 5.18 2015/16 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 215.80 734.80 169.59 135.67 709.70 171.86 240.89 United States 20.48 55.84 3.07 3.67 31.59 21.09 26.71 Total Foreign 195.32 678.96 166.52 132.00 678.11 150.77 214.19 Major Exporters 4/ 29.41 223.41 7.56 66.53 151.11 81.91 27.36 Argentina 4 . 8 0 1 1 . 3 00 . 0 10 . 1 06 . 1 59 . 1 00 . 8 6 Australia 4.84 24.50 0.15 3.80 7.23 16.00 6.26 Canada 7.05 27.59 0.49 2.63 7.83 22.13 5.17 European Union 5/ 12.72 160.01 6.92 60.00 129.90 34.68 15.07 Major Importers 6/ 112.47 204.29 91.86 27.61 263.10 6.32 139.20 Brazil 0.87 5.54 6.20 0.50 10.20 1.10 1.31 China 76.11 130.19 3.48 10.50 112.00 0.73 97.04 Sel. Mideast 7/ 13.51 18.80 19.13 4.60 37.15 0.55 13.73 N. Africa 8/ 12.69 19.91 27.98 2.28 43.63 0.72 16.23 Pakistan 3.72 25.10 0.01 0.80 24.40 0.60 3.83 Southeast Asia 9/ 3.82 0.00 24.55 8.04 22.33 0.97 5.08 Selected Other India 17.20 86.53 0.47 4.20 88.64 1.06 14.50 FSU-12 19.97 117.72 7.34 25.70 77.91 51.48 15.65 Russia 6.29 61.04 0.78 14.00 37.00 25.54 5.57 Kazakhstan 3 . 2 5 1 3 . 7 50 . 0 72 . 1 06 . 9 07 . 6 02 . 5 6 Ukraine 5.18 27.27 0.03 4.50 12.50 17.43 2.55 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, Ch ina, Japan, Mexico, N. Africa, Pa kistan, selected Middle East, and S outheast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeri a, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2016 WASDE - 557 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Aug 241.88 743.44 166.66 146.54 732.50 170.70 252.82 Sep 240.89 744.85 168.44 148.04 736.68 172.80 249.07 United States Aug 26.71 63.16 3.13 8.98 37.20 25.86 29.93 Sep 26.71 63.16 3.13 8.98 37.20 25.86 29.93 Total Foreign Aug 215.18 680.29 163.53 137.56 695.30 144.85 222.89 Sep 214.19 681.69 165.31 139.06 699.47 146.95 219.13 Major Exporters 4/ Aug 27.41 218.40 6.64 66.70 151.86 75.00 25.59 Sep 27.36 217.67 7.64 66.90 152.06 75.00 25.61 Argentina Aug 0.86 14.40 0.01 0.10 6.30 8.00 0.96 Sep 0.86 14.40 0.01 0.10 6.30 8.00 0.96 Australia Aug 6.26 26.50 0.15 4.00 7.46 18.50 6.95 Sep 6.26 27.50 0.15 4.00 7.46 19.50 6.95 Canada Aug 4.56 30.00 0.49 3.60 8.80 21.50 4.75 Sep 5.17 30.50 0.49 3.80 9.00 21.50 5.65 European Union 5/ Aug 15.73 147.50 6.00 59.00 129.30 27.00 12.93 Sep 15.07 145.27 7.00 59.00 129.30 26.00 12.04 Major Importers 6/ Aug 139.40 199.01 87.45 30.62 269.58 6.44 149.84 Sep 139.20 197.64 86.83 31.32 270.23 7.14 146.30 Brazil Aug 1.11 5.30 6.00 0.30 10.10 1.00 1.31 Sep 1.31 6.00 5.80 0.30 10.10 1.50 1.51 China Aug 97.04 130.00 3.50 15.00 117.00 0.80 112.74 Sep 97.04 128.00 3.50 15.00 117.00 0.80 110.74 Sel. Mideast 7/ Aug 13.63 19.41 17.18 4.61 38.30 0.55 11.37 Sep 13.73 19.41 17.36 4.61 38.25 0.55 11.70 N. Africa 8/ Aug 16.32 14.20 28.45 1.78 44.25 0.84 13.88 Sep 16.23 14.20 28.45 2.38 44.85 0.84 13.19 Pakistan Aug 3.85 25.30 0.03 0.80 24.50 0.70 3.97 Sep 3.83 25.30 0.03 0.80 24.50 0.90 3.75 Southeast Asia 9/ Aug 5.39 0.00 22.30 7.14 21.86 0.99 4.85 Sep 5.08 0.00 21.50 7.24 21.96 0.99 3.64 Selected Other India Aug 14.50 88.00 2.00 4.50 93.10 0.40 11.00 Sep 14.50 90.00 2.00 4.50 95.10 0.40 11.00 FSU-12 Aug 16.13 129.93 7.30 27.30 79.82 53.14 20.40 Sep 15.65 131.43 7.55 27.60 80.12 54.14 20.37 Russia Aug 5.63 72.00 0.50 15.50 38.50 30.00 9.63 Sep 5.57 72.00 0.50 15.50 38.50 30.00 9.57 Kazakhstan Aug 2.57 15.00 0.06 2.10 6.90 8.00 2.73 Sep 2.56 16.50 0.06 2.20 7.00 8.50 3.62 Ukraine Aug 2.80 27.00 0.05 4.50 12.50 14.50 2.85 Sep 2.55 27.00 0.05 4.50 12.50 15.00 2.10 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, Ch ina, Japan, Mexico, N. Africa, Pa kistan, selected Middle East, and S outheast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeri a, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2016 WASDE - 557 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 211.66 1,305.29 169.90 752.74 1,271.81 185.66 245.14 United States 34.31 377.23 3.44 139.49 311.34 56.70 46.95 Total Foreign 177.35 928.05 166.46 613.25 960.47 128.96 198.19 Major Exporters 4/ 25.53 169.11 4.66 82.64 112.79 67.50 19.00 Argentina 3.17 35.73 0.00 9.07 14.23 21.39 3.29 Australia 1.03 12.61 0.00 3.26 4.94 7.17 1.53 Brazil 14.26 87.67 0.82 50.25 60.02 34.51 8.21 Canada 4.65 21.99 1.71 13.82 21.30 3.72 3.33 Major Importers 5/ 44.41 257.97 109.75 264.52 346.46 15.95 49.72 European Union 6/ 15.57 170.86 8.97 121.38 162.56 13.99 18.85 Japan 1.74 0.17 16.73 12.94 16.93 0.00 1.71 Mexico 3.49 32.69 11.55 24.40 42.08 0.79 4.86 N. Afr & Mideast 7/ 13.46 26.73 34.17 51.63 59.55 0.09 14.71 Saudi Arabia 3.91 0.36 11.26 11.55 12.03 0.00 3.50 Southeast Asia 8/ 3.97 26.86 12.87 30.69 38.70 1.07 3.95 South Korea 1.87 0.24 10.25 8.08 10.47 0.00 1.89 Selected Other China 82.65 222.75 25.70 158.80 229.06 0.02 102.02 FSU-12 7.03 91.60 0.82 42.11 58.15 33.87 7.44 Russia 1.77 40.39 0.09 20.88 31.14 8.67 2.43 Ukraine 3.64 39.39 0.03 11.82 15.43 24.33 3.29 2015/16 Est. Beginning Stocks Productio n ImportsDomestic FeedDomesti c Total 2 / ExportsEnding Stocks World 3/ 245.14 1,247.56 178.26 763.22 1,247.65 162.84 245.05 United States 46.95 366.90 3.88 137.47 312.64 57.55 47.54 Total Foreign 198.19 880.66 174.38 625.76 935.01 105.29 197.51 Major Exporters 4/ 19.00 151.67 8.22 82.76 112.29 51.24 15.37 Argentina 3.29 36.95 0.01 9.27 14.33 23.11 2.80 Australia 1.53 12.44 0.00 3.86 5.54 6.83 1.60 Brazil 8.21 69.15 3.01 49.35 58.71 16.04 5.62 Canada 3.33 25.66 1.46 14.46 21.97 4.56 3.93 Major Importers 5/ 49.72 246.64 121.48 270.70 352.56 15.11 50.17 European Union 6/ 18.85 152.41 13.67 116.27 157.00 12.97 14.95 Japan 1.71 0.18 16.95 13.26 17.25 0.00 1.59 Mexico 4.86 32.19 14.43 26.22 44.02 1.00 6.46 N. Afr & Mideast 7/ 14.71 33.77 32.05 56.26 64.47 0.25 15.83 Saudi Arabia 3.50 0.24 14.61 13.55 13.95 0.00 4.40 Southeast Asia 8/ 3.95 27.59 14.97 32.96 40.97 0.90 4.64 South Korea 1.89 0.19 10.39 8.14 10.57 0.00 1.90 Selected Other China 102.02 231.78 16.91 166.74 238.79 0.05 111.88 FSU-12 7.44 82.76 0.57 40.18 55.22 30.81 4.73 Russia 2.43 37.43 0.12 20.45 29.84 8.71 1.43 Ukraine 3.29 33.39 0.06 10.35 13.83 21.03 1.88 1/ Aggregate of local marketing years. Co arse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing year s, grain in transit, and reportin g discrepancies in some countr ies. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Malays ia, Philippines, Th ailand, and Vietnam. September 2016 WASDE - 557 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Aug 244.76 1,322.56 166.16 790.47 1,311.82 176.99 255.51 Sep 245.05 1,319.74 167.44 789.56 1,311.47 178.77 253.31 United States Aug 47.29 402.53 3.60 149.37 326.04 61.96 65.41 Sep 47.54 401.34 3.51 148.85 325.65 61.96 64.79 Total Foreign Aug 197.47 920.04 162.56 641.10 985.77 115.03 190.10 Sep 197.51 918.40 163.92 640.72 985.82 116.81 188.53 Major Exporters 4/ Aug 16.31 177.99 3.25 85.92 116.98 61.49 19.08 Sep 15.37 181.96 3.30 86.05 117.14 64.89 18.61 Argentina Aug 3.76 43.49 0.01 9.98 15.64 26.71 4.91 Sep 2.80 44.14 0.01 10.08 15.74 27.01 4.20 Australia Aug 1.60 13.66 0.00 4.17 5.84 7.48 1.94 Sep 1.60 14.16 0.00 4.17 5.84 7.98 1.94 Brazil Aug 5.66 82.96 1.00 51.44 61.27 22.03 6.32 Sep 5.62 85.46 1.05 51.47 61.32 24.53 6.29 Canada Aug 3.87 24.32 1.59 14.62 22.25 3.75 3.78 Sep 3.93 24.64 1.59 14.63 22.26 3.85 4.05 Major Importers 5/ Aug 49.27 245.93 118.69 275.51 357.48 12.01 44.40 Sep 50.17 243.10 118.89 275.86 357.83 10.56 43.77 European Union 6/ Aug 15.05 156.81 12.53 119.50 160.45 10.36 13.59 Sep 14.95 154.38 12.53 119.60 160.55 8.86 12.47 Japan Aug 1.59 0.17 16.90 13.22 17.21 0.00 1.45 Sep 1.59 0.17 16.90 13.22 17.21 0.00 1.45 Mexico Aug 6.21 32.23 14.48 27.72 45.62 0.80 6.49 Sep 6.46 31.83 14.48 27.62 45.52 0.80 6.45 N. Afr & Mideast 7/ Aug 15.64 27.34 33.37 55.51 63.47 0.17 12.71 Sep 15.83 27.34 33.27 55.46 63.42 0.17 12.85 Saudi Arabia Aug 4.00 0.24 13.71 13.73 14.13 0.00 3.82 Sep 4.40 0.24 14.01 14.13 14.53 0.00 4.12 Southeast Asia 8/ Aug 4.48 28.86 13.32 33.91 41.92 0.69 4.06 Sep 4.64 28.86 13.32 33.91 41.92 0.74 4.16 South Korea Aug 1.90 0.21 10.09 7.84 10.32 0.00 1.88 Sep 1.90 0.21 10.09 7.84 10.32 0.00 1.88 Selected Other China Aug 111.88 225.70 12.70 170.40 245.65 0.03 104.60 Sep 111.88 223.70 13.70 169.50 244.65 0.03 104.60 FSU-12 Aug 4.71 90.28 0.71 42.00 57.40 32.54 5.76 Sep 4.73 89.38 0.66 41.89 57.29 32.37 5.10 Russia Aug 1.36 40.50 0.11 21.20 30.85 9.36 1.75 Sep 1.43 40.00 0.11 21.20 30.85 8.96 1.72 Ukraine Aug 1.92 37.05 0.06 11.17 14.68 21.73 2.62 Sep 1.88 37.05 0.06 11.17 14.68 22.23 2.08 1/ Aggregate of local marketing years. Co arse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing year s, grain in transit, and reportin g discrepancies in some countr ies. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Malays ia, Philippines, Th ailand, and Vietnam. September 2016 WASDE - 557 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 175.30 1,013.62 124.95 585.57 980.61 141.74 208.31 United States 31.29 361.09 0.80 134.98 301.79 47.42 43.97 Total Foreign 144.01 652.53 124.15 450.59 678.82 94.32 164.34 Major Exporters 4/ 17.58 124.33 2.30 60.15 78.00 54.06 12.15 Argentina 1.41 28.70 0.00 6.00 9.30 18.90 1.91 Brazil 13.97 85.00 0.33 48.00 57.00 34.46 7.84 South Africa 2.20 10.63 1.96 6.15 11.70 0.69 2.40 Major Importers 5/ 19.40 134.24 69.23 142.14 193.71 5.88 23.29 Egypt 2.40 5.96 7.84 11.50 13.90 0.00 2.30 European Union 6/ 6.89 75.84 8.65 59.50 77.88 4.03 9.47 Japan 1.29 0.00 14.66 11.00 14.60 0.00 1.35 Mexico 2.60 25.48 11.27 17.70 34.45 0.78 4.12 Southeast Asia 7/ 3.97 26.81 12.83 30.60 38.60 1.07 3.94 South Korea 1.86 0.08 10.17 8.04 10.25 0.00 1.86 Selected Other 0.00 Canada 1.60 11.49 1.56 7.43 12.82 0.42 1.40 China 81.32 215.65 5.52 140.00 202.00 0.01 100.46 FSU-12 3.37 43.80 0.51 18.76 21.48 23.18 3.02 Ukraine 2.40 28.45 0.03 8.00 9.40 19.66 1.82 2015/16 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 208.31 959.03 137.28 598.60 958.09 119.17 209.25 United States 43.97 345.49 1.65 132.09 298.89 48.64 43.58 Total Foreign 164.34 613.54 135.63 466.51 659.20 70.53 165.67 Major Exporters 4/ 12.15 102.00 6.01 59.20 76.30 36.20 7.65 Argentina 1.91 28.00 0.01 6.00 9.30 19.50 1.11 Brazil 7.84 67.00 2.50 47.50 56.00 16.00 5.34 South Africa 2.40 7.00 3.50 5.70 11.00 0.70 1.20 Major Importers 5/ 23.29 118.57 79.75 143.45 194.74 3.71 23.16 Egypt 2.30 6.00 8.50 12.35 14.75 0.01 2.04 European Union 6/ 9.47 59.08 13.20 54.70 72.71 1.80 7.24 Japan 1.35 0.00 15.00 11.50 15.10 0.00 1.25 Mexico 4.12 25.80 13.50 19.90 36.70 1.00 5.72 Southeast Asia 7/ 3.94 27.54 14.95 32.90 40.90 0.90 4.63 South Korea 1.86 0.08 10.30 8.10 10.35 0.00 1.89 Selected Other 0.00 Canada 1.40 13.60 1.30 7.70 13.10 1.70 1.50 China 100.46 224.58 3.15 153.50 217.50 0.02 110.67 FSU-12 3.02 40.42 0.40 18.40 21.02 20.96 1.87 Ukraine 1.82 23.33 0.05 6.70 8.00 16.40 0.80 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Braz il, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade ex cludes intra-trade. 7/ Indo nesia, Malaysia, Philippines, Thailand, and Vietnam. September 2016 WASDE - 557 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Aug 209.34 1,028.40 128.03 623.58 1,016.93 137.25 220.81 Sep 209.25 1,026.61 130.22 622.66 1,016.40 139.83 219.46 United States Aug 43.33 384.92 1.27 144.15 313.07 55.25 61.20 Sep 43.58 383.38 1.27 143.52 312.43 55.25 60.55 Total Foreign Aug 166.02 643.48 126.76 479.43 703.86 82.00 159.62 Sep 165.67 643.23 128.95 479.14 703.96 84.58 158.92 Major Exporters 4/ Aug 8.65 129.50 1.11 61.40 79.90 47.50 11.86 Sep 7.65 132.00 1.11 61.40 79.90 50.00 10.86 Argentina Aug 2.11 36.50 0.01 6.80 10.60 24.00 4.02 Sep 1.11 36.50 0.01 6.80 10.60 24.00 3.02 Brazil Aug 5.34 80.00 0.60 49.00 58.00 22.00 5.94 Sep 5.34 82.50 0.60 49.00 58.00 24.50 5.94 South Africa Aug 1.20 13.00 0.50 5.60 11.30 1.50 1.90 Sep 1.20 13.00 0.50 5.60 11.30 1.50 1.90 Major Importers 5/ Aug 22.71 121.57 76.75 145.65 197.08 3.49 20.46 Sep 23.16 120.62 76.75 145.35 196.78 3.54 20.21 Egypt Aug 2.04 6.00 8.75 12.65 15.05 0.01 1.73 Sep 2.04 6.00 8.75 12.65 15.05 0.01 1.73 European Union 6/ Aug 7.24 62.10 12.00 55.70 73.70 2.00 5.64 Sep 7.24 61.15 12.00 55.20 73.20 2.00 5.19 Japan Aug 1.25 0.00 15.00 11.50 15.10 0.00 1.15 Sep 1.25 0.00 15.00 11.50 15.10 0.00 1.15 Mexico Aug 5.42 24.50 13.50 20.10 37.00 0.80 5.62 Sep 5.72 24.50 13.50 20.30 37.20 0.80 5.72 Southeast Asia 7/ Aug 4.48 28.81 13.30 33.85 41.85 0.68 4.06 Sep 4.63 28.81 13.30 33.85 41.85 0.73 4.16 South Korea Aug 1.89 0.08 10.00 7.80 10.10 0.00 1.86 Sep 1.89 0.08 10.00 7.80 10.10 0.00 1.86 Selected Other Canada Aug 1.50 12.00 1.50 7.80 13.30 0.50 1.20 Sep 1.50 12.35 1.50 7.80 13.30 0.60 1.45 China Aug 110.67 218.00 1.00 159.00 226.00 0.02 103.65 Sep 110.67 216.00 3.00 159.00 226.00 0.02 103.65 FSU-12 Aug 1.89 44.16 0.42 19.49 22.27 21.97 2.24 Sep 1.87 44.06 0.42 19.49 22.27 21.90 2.19 Ukraine Aug 0.80 26.00 0.05 7.30 8.70 17.00 1.15 Sep 0.80 26.00 0.05 7.30 8.70 17.00 1.15 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Tr ade excludes intra-trade. 7/ Indonesi a, Malaysia, Philippines, Thailand, and Vietnam. September 2016 WASDE - 557 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2014/15 Beginning StocksProductio n Imports Total /2 DomesticExports Ending Stocks World 3/ 113.76 478.70 41.22 478.09 43.58 114.37 United States 1.03 7.11 0.78 4.30 3.06 1.55 Total Foreign 112.73 471.60 40.43 473.79 40.52 112.82 Major Exporters 4/ 36.63 159.30 0.73 133.43 32.42 30.80 India 22.76 105.48 0.00 98.23 12.24 17.77 Pakistan 0.68 6.90 0.03 2.60 3.80 1.21 Thailand 11.90 18.75 0.30 10.60 9.78 10.57 Vietnam 1.30 28.17 0.40 22.00 6.61 1.26 Major Importers 5/ 11.37 64.06 13.69 77.15 1.23 10.74 Brazil 0.64 8.47 0.39 7.93 0.93 0.64 European Union 6/ 1.16 1.96 1.71 3.35 0.27 1.21 Indonesia 5.50 35.56 1.35 38.30 0.00 4.11 Nigeria 0.86 2.84 2.70 5.40 0.00 0.99 Philippines 1.70 11.92 1.80 13.20 0.00 2.21 Sel. Mideast 7/ 1.31 1.98 4.11 6.14 0.00 1.26 Selected Other 0.00 Burma 0.37 12.60 0.01 10.50 1.74 0.75 C. Amer & Carib 8/ 0.47 1.81 1.56 3.34 0.01 0.50 China 53.10 144.56 4.70 144.50 0.43 57.44 Egypt 0.61 4.53 0.03 4.00 0.25 0.92 Japan 3.01 7.85 0.64 8.60 0.07 2.82 Mexico 0.16 0.18 0.71 0.88 0.00 0.16 South Korea 0.90 4.24 0.47 4.20 0.00 1.41 2015/16 Est. Beginning Stocks Productio n ImportsTotal / 2 Domesti c ExportsEndin g Stock s World 3/ 114.37 471.69 38.95 473.39 41.09 112.68 United States 1.55 6.11 0.77 3.53 3.42 1.48 Total Foreign 112.82 465.59 38.19 469.86 37.67 111.20 Major Exporters 4/ 30.80 154.26 0.72 129.57 30.20 26.02 India 17.77 104.30 0.00 94.27 10.00 17.80 Pakistan 1.21 6.70 0.02 2.60 4.50 0.83 Thailand 10.57 15.80 0.30 10.80 9.70 6.17 Vietnam 1.26 27.46 0.40 21.90 6.00 1.22 Major Importers 5/ 10.74 63.25 13.14 76.92 0.96 9.26 Brazil 0.64 7.21 0.80 7.80 0.60 0.25 European Union 6/ 1.21 2.06 1.75 3.45 0.26 1.31 Indonesia 4.11 36.20 1.50 38.10 0.00 3.71 Nigeria 0.99 2.71 2.20 5.25 0.00 0.65 Philippines 2.21 11.35 1.60 13.20 0.00 1.96 Sel. Mideast 7/ 1.26 1.89 3.70 5.98 0.00 0.88 Selected Other 0.00 Burma 0.75 12.20 0.04 10.70 1.40 0.89 C. Amer & Carib 8/ 0.50 1.63 1.83 3.41 0.02 0.52 China 57.44 145.77 4.80 144.50 0.30 63.21 Egypt 0.92 4.00 0.08 3.95 0.20 0.85 Japan 2.82 7.65 0.70 8.60 0.08 2.49 Mexico 0.16 0.15 0.70 0.89 0.00 0.12 South Korea 1.41 4.33 0.40 4.30 0.00 1.83 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to re flect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ Worl d imports and exports may not ba lance due to differences in so me countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Braz il, Indonesia, Hong K ong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Ir aq, and Saudi Arabia. 8/ Centra l American and Caribbean countri es. September 2016 WASDE - 557 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ Aug 111.51 481.08 38.57 478.83 40.65 113.77 Sep 112.68 481.73 38.72 478.80 40.94 115.60 United States Aug 1.25 7.76 0.76 4.38 3.65 1.74 Sep 1.48 7.53 0.75 4.22 3.65 1.88 Total Foreign Aug 110.26 473.33 37.80 474.45 37.00 112.03 Sep 111.20 474.20 37.97 474.58 37.29 113.73 Major Exporters 4/ Aug 25.36 157.40 0.67 133.20 28.85 21.38 Sep 26.02 158.20 0.67 132.80 29.15 22.94 India Aug 17.50 105.00 0.00 97.50 8.80 16.20 Sep 17.80 106.50 0.00 97.00 9.50 17.80 Pakistan Aug 0.83 6.90 0.02 2.70 4.25 0.80 Sep 0.83 6.90 0.02 2.70 4.25 0.80 Thailand Aug 6.07 17.00 0.25 11.10 9.00 3.22 Sep 6.17 17.00 0.25 11.10 9.00 3.32 Vietnam Aug 0.96 28.50 0.40 21.90 6.80 1.16 Sep 1.22 27.80 0.40 22.00 6.40 1.02 Major Importers 5/ Aug 9.22 65.89 12.35 77.30 1.23 8.93 Sep 9.26 65.89 12.35 77.30 1.23 8.96 Brazil Aug 0.22 8.50 0.60 7.95 0.80 0.57 Sep 0.25 8.50 0.60 7.95 0.80 0.60 European Union 6/ Aug 1.31 2.03 1.75 3.50 0.28 1.30 Sep 1.31 2.03 1.75 3.50 0.28 1.30 Indonesia Aug 3.71 36.60 1.25 38.00 0.00 3.56 Sep 3.71 36.60 1.25 38.00 0.00 3.56 Nigeria Aug 0.65 2.70 2.00 5.10 0.00 0.25 Sep 0.65 2.70 2.00 5.10 0.00 0.25 Philippines Aug 1.96 12.00 1.50 13.30 0.00 2.16 Sep 1.96 12.00 1.50 13.30 0.00 2.16 Sel. Mideast 7/ Aug 0.88 2.11 3.70 6.00 0.00 0.69 Sep 0.88 2.11 3.70 6.00 0.00 0.69 Selected Other Burma Aug 0.74 12.50 0.00 10.70 1.75 0.79 Sep 0.89 12.50 0.00 10.85 1.70 0.84 C. Amer & Carib 8/ Aug 0.50 1.72 1.76 3.49 0.02 0.47 Sep 0.52 1.77 1.80 3.53 0.02 0.53 China Aug 63.21 146.50 5.00 144.50 0.30 69.91 Sep 63.21 146.50 5.00 144.50 0.30 69.91 Egypt Aug 0.85 4.00 0.04 3.95 0.20 0.74 Sep 0.85 4.00 0.04 3.95 0.20 0.74 Japan Aug 2.49 7.68 0.70 8.70 0.09 2.09 Sep 2.49 7.68 0.70 8.70 0.09 2.09 Mexico Aug 0.13 0.17 0.75 0.89 0.00 0.16 Sep 0.12 0.17 0.75 0.89 0.00 0.15 South Korea Aug 1.83 4.00 0.41 4.33 0.00 1.90 Sep 1.83 4.00 0.41 4.33 0.00 1.90 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use a nd unreported disappearance. 3/ World impor ts and exports may not balance due to di fferences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indones ia, Hong Kong, Cote d'Ivoire, Nigeria, Phil ippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Ara bia. 8/ Central American and Caribbean countries. September 2016 WASDE - 557 - 26 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2014/15 Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World 103.23 119.10 35.74 110.13 35.43 0.16 112.35 United States 2.35 16.32 0.01 3.58 11.25 0.21 3.65 Total Foreign 100.88 102.78 35.73 106.56 24.18 -0.05 108.70 Major Exporters 4/ 28.36 52.63 1.74 32.33 20.64 -0.23 29.99 Central Asia 5/ 3.76 6.20 3 / 2.38 4.67 0.00 2.90 Afr. Fr. Zone 6/ 1.39 5.09 3 / 0.14 4.33 0.00 2.00 S. Hemis 7/ 11.40 11.02 0.18 4.45 7.07 -0.24 11.32 Australia 1.81 2.30 3 / 0.04 2.39 -0.10 1.78 Brazil 7.67 7.00 0.02 3.40 3.91 -0.15 7.53 India 11.46 29.50 1.23 24.50 4.20 0.00 13.49 Major Importers 8/ 70.69 46.89 31.94 69.86 2.63 0.17 76.86 Mexico 0.58 1.32 0.83 1.85 0.17 0.03 0.69 China 62.71 30.00 8.28 33.00 0.07 0.00 67.92 European Union 9/ 0.38 1.64 0.86 0.87 1.62 0.05 0.33 Turkey 1.36 3.20 3.68 6.40 0.24 0.00 1.60 Pakistan 2.48 10.60 0.95 10.60 0.51 0.03 2.89 Indonesia 0.50 0.01 3.35 3.25 0.01 0.00 0.60 Thailand 0.24 3 / 1.48 1.48 0.00 0.03 0.22 Bangladesh 1.27 0.12 5.40 5.50 0.00 0.01 1.28 Vietnam 0.50 3 / 4.30 4.10 0.00 0.00 0.70 2015/16 Est. Beginning Stocks Productio n ImportsDomestic Use ExportsLoss /2 Ending Stocks World 112.35 96.44 34.76 110.09 34.82 0.09 98.55 United States 3 . 6 5 1 2 . 8 90 . 0 33 . 4 59 . 1 50 . 1 73 . 8 0 Total Foreign 108.70 83.55 34.73 106.64 25.67 -0.08 94.75 Major Exporters 4/ 29.99 46.74 1.80 31.82 22.55 -0.22 24.37 Central Asia 5/ 2.90 5.80 3 / 2.45 4.06 0.00 2.19 Afr. Fr. Zone 6/ 2.00 4.19 3 / 0.14 4.67 0.00 1.37 S. Hemis 7/ 1 1 . 3 29 . 7 50 . 2 54 . 2 17 . 7 3 - 0 . 2 39 . 6 2 Australia 1.78 2.60 3 / 0.04 2.90 -0.10 1.54 Brazil 7.53 5.90 0.09 3.20 4.31 -0.15 6.16 India 13.49 26.40 1.10 24.25 5.80 0.00 10.94 Major Importers 8/ 76.86 33.97 30.54 70.60 2.06 0.14 68.57 Mexico 0.69 0.91 0.98 1.90 0.14 0.03 0.51 China 67.92 22.00 4.41 34.00 0.13 0.00 60.20 European Union 9/ 0.33 1.28 0.84 0.85 1.29 0.05 0.27 Turkey 1.60 2.65 4.22 6.65 0.23 0.00 1.58 Pakistan 2.89 7.00 3.30 10.30 0.25 0.03 2.62 Indonesia 0.60 0.01 2.90 2.90 0.02 0.00 0.59 Thailand 0.22 3 / 1.28 1.25 0.00 0.03 0.22 Bangladesh 1.28 0.12 5.70 5.80 0.00 0.01 1.29 Vietnam 0.70 3 / 4.45 4.40 0.00 0.00 0.75 1/ Marketing year beginning August 1. Tota ls may not add exactly and trade may not ba lance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing ch annel; for Australia, Brazil, China, and the United States, refl ects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, an d Uzbekistan. 6/ Benin, Burkino Faso, Came roon, Central African Republic, Chad, Cote d' Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Pa raguay, South Africa, Tanzania, and Zimbabwe . 8/ In addition to the countries and regi ons listed, includes Hong Kong, Japan, Russia, South Kore a, and Taiwan. 9/ Includes intra-EU trade. September 2016 WASDE - 557 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2016/17 Proj. Beginning StocksProduction Imports Domestic UseExports Loss /2Ending Stocks World Aug 99.18 101.58 34.05 111.26 34.02 -0.10 89.61 Sep 98.55 102.47 33.90 111.23 33.91 -0.03 89.81 United States Aug 3.90 15.88 0.01 3.60 11.50 -0.01 4.70 Sep 3.80 16.14 0.01 3.50 11.50 0.05 4.90 Total Foreign Aug 95.28 85.70 34.04 107.66 22.52 -0.09 84.91 Sep 94.75 86.33 33.89 107.73 22.41 -0.09 84.91 filler filler filler filler filler filler filler Major Exporters 4/ Aug 24.69 48.73 1.80 31.50 19.68 -0.23 24.26 Sep 24.37 48.91 1.80 31.49 19.52 -0.23 24.29 Central Asia 5/ Aug 2.19 5.81 3 / 2.48 3.59 0.00 1.94 Sep 2.19 5.81 3 / 2.48 3.59 0.00 1.94 Afr. Fr. Zone 6/ Aug 1.44 4.62 3 / 0.14 4.43 0.00 1.49 Sep 1.37 4.80 3 / 0.14 4.59 0.00 1.45 S. Hemis 7/ Aug 9.95 10.95 0.27 4.22 7.21 -0.24 9.97 Sep 9.62 11.43 0.27 4.21 7.20 -0.24 10.14 Australia Aug 1.54 2.80 3 / 0.04 2.80 -0.10 1.61 Sep 1.54 3.50 3 / 0.04 3.10 -0.10 2.01 Brazil Aug 6.36 6.65 0.10 3.20 3.60 -0.15 6.46 Sep 6.16 6.65 0.10 3.20 3.40 -0.15 6.46 India Aug 10.86 27.00 1.00 24.00 4.20 0.00 10.66 Sep 10.94 26.50 1.00 24.00 3.90 0.00 10.54 filler filler filler filler filler filler filler Major Importers 8/ Aug 68.78 34.06 29.96 71.87 1.83 0.14 58.96 Sep 68.57 34.51 29.81 71.94 1.88 0.14 58.93 Mexico Aug 0.51 0.70 1.28 1.90 0.10 0.03 0.46 Sep 0.51 0.70 1.28 1.90 0.10 0.03 0.46 China Aug 60.30 21.00 4.50 35.00 0.10 0.00 50.70 Sep 60.20 21.00 4.50 35.00 0.10 0.00 50.60 European Union 9/ Aug 0.27 1.23 0.83 0.84 1.14 0.05 0.29 Sep 0.27 1.23 0.83 0.84 1.14 0.05 0.29 Turkey Aug 1.67 3.00 3.80 6.60 0.28 0.00 1.60 Sep 1.58 3.20 3.70 6.75 0.28 0.00 1.46 Pakistan Aug 2.62 8.00 2.20 10.20 0.20 0.03 2.39 Sep 2.62 8.25 2.20 10.20 0.25 0.03 2.59 Indonesia Aug 0.59 0.01 2.80 2.80 0.01 0.00 0.59 Sep 0.59 0.01 2.80 2.80 0.01 0.00 0.59 Thailand Aug 0.22 3 / 1.30 1.28 0.00 0.03 0.22 Sep 0.22 3 / 1.23 1.20 0.00 0.03 0.22 Bangladesh Aug 1.29 0.12 5.90 6.00 0.00 0.01 1.30 Sep 1.29 0.12 5.90 6.00 0.00 0.01 1.30 Vietnam Aug 0.75 3 / 4.80 4.70 0.00 0.00 0.86 Sep 0.75 3 / 4.80 4.70 0.00 0.00 0.86 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destro yed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan , Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions lis ted, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. September 2016 WASDE - 557 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning StocksProduction Imports Domestic CrushDomestic TotalExports Ending Stocks World 2/ 61.96 319.78 123.74 263.26 300.90 126.13 78.46 United States 2.50 106.88 0.90 50.98 54.96 50.14 5.19 Total Foreign 59.46 212.90 122.84 212.29 245.94 75.99 73.27 Major Exporters 3/ 41.43 170.05 0.32 84.30 91.56 68.70 51.54 Argentina 25.27 61.40 0.00 40.02 44.18 10.57 31.92 Brazil 16.02 97.20 0.31 40.44 43.41 50.61 19.50 Paraguay 0.13 8.15 0.01 3.65 3.69 4.49 0.12 Major Importers 4/ 15.22 15.39 105.49 97.91 117.17 0.29 18.64 China 13.88 12.15 78.35 74.50 87.20 0.14 17.03 European Union 0.62 1.83 13.42 13.60 15.07 0.12 0.69 Japan 0.23 0.23 3.00 2.15 3.28 0.00 0.18 Mexico 0.12 0.35 3.82 4.18 4.21 0.00 0.07 2015/16 Est. Beginnin g Stock s Productio n Import sDomesti c Crus hDomesti c Total Export s Endin g Stock s World 2/ 78.46 312.97 130.86 277.75 316.30 133.09 72.90 United States 5.19 106.93 0.68 51.71 54.69 52.80 5.32 Total Foreign 73.27 206.04 130.18 226.04 261.62 80.29 67.58 Major Exporters 3/ 51.54 164.30 1.06 89.03 96.49 72.30 48.11 Argentina 31.92 56.80 0.60 44.00 48.35 10.30 30.67 Brazil 19.50 96.50 0.45 40.70 43.70 55.50 17.25 Paraguay 0.12 9.00 0.01 4.10 4.14 4.80 0.18 Major Importers 4/ 18.64 15.25 110.53 106.29 126.99 0.33 17.09 China 17.03 11.60 82.50 81.80 95.50 0.12 15.51 European Union 0.69 2.26 13.70 14.00 15.58 0.15 0.92 Japan 0.18 0.24 3.25 2.40 3.55 0.00 0.12 Mexico 0.07 0.33 3.95 4.25 4.29 0.00 0.06 2016/17 Proj. Beginnin g Stock s Productio n Import s Domesti c Crus hDomesti c TotalExport s Endin g Stock s World 2/ Aug 73.00 330.41 136.62 289.89 329.82 138.97 71.24 Sep 72.90 330.43 135.74 288.86 328.67 138.23 72.17 United States Aug 6.95 110.50 0.82 52.80 56.22 53.07 8.97 Sep 5.32 114.33 0.82 53.07 56.50 54.02 9.95 Total Foreign Aug 66.05 219.91 135.81 237.09 273.59 85.90 62.27 Sep 67.58 216.09 134.93 235.79 272.17 84.20 62.23 Major Exporters 3/ Aug 46.26 172.17 0.56 89.25 96.93 77.99 44.08 Sep 48.11 170.17 0.66 89.25 96.93 76.69 45.33 Argentina Aug 29.92 57.00 0.30 44.30 48.75 10.65 27.82 Sep 30.67 57.00 0.30 44.30 48.75 10.65 28.57 Brazil Aug 16.15 103.00 0.25 40.50 43.60 59.70 16.10 Sep 17.25 101.00 0.35 40.50 43.60 58.40 16.60 Paraguay Aug 0.18 9.17 0.01 4.20 4.25 4.95 0.16 Sep 0.18 9.17 0.01 4.20 4.25 4.95 0.16 Major Importers 4/ Aug 17.46 16.07 114.58 111.32 132.59 0.34 15.19 Sep 17.09 16.37 113.58 111.32 132.59 0.34 14.12 China Aug 15.98 12.20 87.00 87.00 101.20 0.15 13.83 Sep 15.51 12.50 86.00 87.00 101.20 0.15 12.66 European Union Aug 0.82 2.44 13.00 13.80 15.39 0.15 0.72 Sep 0.92 2.44 13.00 13.80 15.39 0.15 0.82 Japan Aug 0.12 0.24 3.10 2.20 3.33 0.00 0.14 Sep 0.12 0.24 3.10 2.20 3.33 0.00 0.14 Mexico Aug 0.06 0.37 4.00 4.28 4.33 0.00 0.11 Sep 0.06 0.37 4.00 4.28 4.33 0.00 0.11 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October-September year. 2/ World i mports and exports may not balance due to differences in local marke ting years and to time lags betw een reported exports and imports. Therefore, world supply may not equal world us e. 3/ Argentina, Br azil, Paraguay, and Uruguay. 4/ China, European Union, Japan , Mexico, and Southeast Asia (inc ludes Indonesia, Malaysia, Philip pines, Vietnam, and Thailand). September 2016 WASDE - 557 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 11.21 207.35 60.19 202.40 63.89 12.46 United States 0.23 40.88 0.30 29.28 11.89 0.24 Total Foreign 10.99 166.47 59.89 173.12 52.00 12.22 Major Exporters 3/ 7.73 67.67 0.03 22.89 44.04 8.50 Argentina 4.07 30.93 0.00 2.30 28.58 4.13 Brazil 3.07 31.30 0.02 15.85 14.39 4.15 India 0.59 5.44 0.01 4.74 1.07 0.23 Major Importers 4/ 1.51 15.04 35.94 50.28 0.70 1.52 European Union 0.25 10.74 19.16 29.54 0.36 0.25 Southeast Asia 5/ 1.07 2.67 15.08 17.33 0.34 1.17 2015/16 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 12.46 217.86 64.19 215.63 66.78 12.10 United States 0.24 40.77 0.36 30.39 10.71 0.27 Total Foreign 12.22 177.09 63.83 185.24 56.07 11.83 Major Exporters 3/ 8.50 70.02 0.03 22.90 47.31 8.33 Argentina 4.13 33.82 0.00 2.40 31.60 3.94 Brazil 4.15 31.50 0.02 15.80 15.60 4.27 India 0.23 4.70 0.01 4.70 0.11 0.13 Major Importers 4/ 1.52 15.84 37.85 53.49 0.72 1.00 European Union 0.25 11.06 20.40 31.14 0.35 0.22 Southeast Asia 5/ 1.17 2.96 15.70 18.82 0.37 0.64 2016/17 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Aug 11.48 227.89 67.07 225.50 70.34 10.60 Sep 12.10 226.99 66.76 225.34 69.44 11.08 United States Aug 0.27 41.80 0.30 30.94 11.16 0.27 Sep 0.27 41.98 0.30 31.12 11.16 0.27 Total Foreign Aug 11.21 186.10 66.78 194.57 59.18 10.33 Sep 11.83 185.01 66.47 194.22 58.28 10.81 Major Exporters 3/ Aug 7.77 72.74 0.02 23.40 50.30 6.83 Sep 8.33 71.78 0.02 23.30 49.50 7.34 Argentina Aug 3.58 34.35 0.00 2.48 32.80 2.65 Sep 3.94 34.35 0.00 2.48 32.80 3.02 Brazil Aug 4.07 31.35 0.02 15.85 15.80 3.79 Sep 4.27 31.35 0.02 15.85 15.80 3.99 India Aug 0.13 7.04 0.00 5.07 1.70 0.40 Sep 0.13 6.08 0.00 4.97 0.90 0.34 Major Importers 4/ Aug 1.00 15.66 40.65 55.45 0.68 1.18 Sep 1.00 15.66 40.65 55.45 0.68 1.18 European Union Aug 0.22 10.90 21.15 31.69 0.35 0.23 Sep 0.22 10.90 21.15 31.69 0.35 0.23 Southeast Asia 5/ Aug 0.64 3.10 17.60 20.19 0.33 0.81 Sep 0.64 3.10 17.60 20.19 0.33 0.81 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketi ng years and to time lags be tween reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Br azil, and India. 4/ European Union, Southeast Asia, and Japa n. 5/ Indonesia, Malaysia, Philippine s, Vietnam, and Thailand. September 2016 WASDE - 557 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 3.65 49.06 10.08 48.03 11.10 3.66 United States 0.53 9.71 0.12 8.60 0.91 0.84 Total Foreign 3.12 39.36 9.96 39.43 10.19 2.81 Major Exporters 3/ 0.99 18.03 0.29 10.82 7.61 0.87 Argentina 0.24 7.69 0.02 2.50 5.09 0.35 Brazil 0.39 7.76 0.01 6.37 1.51 0.28 European Union 0.37 2.58 0.25 1.95 1.01 0.24 Major Importers 4/ 1.34 15.02 5.21 20.27 0.18 1.12 China 0.97 13.35 0.77 14.20 0.11 0.78 India 0.25 1.20 2.80 4.05 0.00 0.20 North Africa 5/ 0.13 0.47 1.64 2.02 0.07 0.15 2015/16 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 3.66 51.99 11.65 51.45 12.15 3.69 United States 0 . 8 4 1 0 . 0 20 . 1 39 . 0 71 . 0 90 . 8 2 Total Foreign 2.81 41.97 11.53 42.38 11.06 2.87 Major Exporters 3/ 0.87 19.00 0.36 11.02 8.40 0.81 Argentina 0.35 8.54 0.01 2.68 5.90 0.32 Brazil 0.28 7.80 0.05 6.39 1.50 0.24 European Union 0.24 2.66 0.30 1.95 1.00 0.25 Major Importers 4/ 1.12 16.03 6.55 22.38 0.18 1.14 China 0.78 14.66 0.67 15.30 0.10 0.70 India 0.20 1.04 4.00 4.89 0.00 0.34 North Africa 5/ 0.15 0.34 1.88 2.19 0.08 0.09 2016/17 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Aug 3.85 53.95 11.01 53.42 11.69 3.71 Sep 3.69 53.77 10.97 53.15 11.63 3.66 United States Aug 0 . 8 8 1 0 . 1 60 . 1 19 . 2 81 . 0 90 . 8 0 Sep 0 . 8 2 1 0 . 2 20 . 1 19 . 3 21 . 0 40 . 7 9 Total Foreign Aug 2.97 43.78 10.90 44.14 10.60 2.91 Sep 2.87 43.55 10.86 43.83 10.59 2.87 Major Exporters 3/ Aug 0.84 18.81 0.27 11.19 7.84 0.89 Sep 0.81 18.81 0.27 11.19 7.84 0.86 Argentina Aug 0.35 8.44 0.01 2.82 5.61 0.37 Sep 0.32 8.44 0.01 2.82 5.61 0.34 Brazil Aug 0.24 7.75 0.01 6.42 1.33 0.25 Sep 0.24 7.75 0.01 6.42 1.33 0.25 European Union Aug 0.25 2.62 0.25 1.95 0.90 0.28 Sep 0.25 2.62 0.25 1.95 0.90 0.28 Major Importers 4/ Aug 1.21 17.70 5.78 23.29 0.19 1.21 Sep 1.14 17.49 5.74 22.99 0.19 1.19 China Aug 0.69 15.59 0.82 16.20 0.11 0.79 Sep 0.70 15.59 0.82 16.20 0.11 0.80 India Aug 0.34 1.56 3.30 4.90 0.00 0.30 Sep 0.34 1.35 3.30 4.70 0.00 0.29 North Africa 5/ Aug 0.17 0.56 1.66 2.19 0.08 0.12 Sep 0.09 0.56 1.62 2.09 0.08 0.10 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketi ng years and to time lags be tween reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Brazil an d European Union. 4/ Chin a, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. September 2016 WASDE - 557 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef PorkRed Mea t 2/Broile r Turkey Total Poultry 3 /Red Meat & PoultryEgg Milk Million Pounds Mil doz Bil lbs 2015 III 6,068 5,958 12,083 10,372 1,352 11,857 23,940 1,929 51.7 IV 6,109 6,457 12,625 9,937 1,458 11,526 24,150 1,980 51.3 Annual 23,698 24,501 48,432 40,048 5, 627 46,198 94,630 7,977 208.6 2016 I 5,935 6,230 12,222 10,039 1,435 11,609 23,830 2,041 53.0 II 6,187 5,962 12,206 10,253 1,520 11,911 24,117 2,078 54.4 III* 6,460 6,075 12,587 10,450 1,525 12,105 24,692 2,095 52.5 IV* 6,360 6,625 13,042 10,160 1,580 11,870 24,912 2,135 52.3 Annual Aug Proj. 24,962 24,907 50,097 40,996 5, 985 47,513 97,610 8,349 212.1 Sep Proj. 24,942 24,892 50,057 40,902 6, 060 47,495 97,552 8,349 212.2 2017 I* 6,050 6,260 12,368 10,225 1,445 11,800 24,168 2,080 53.5 II* 6,470 6,065 12,596 10,540 1,525 12,208 24,804 2,100 55.4 Annual Aug Proj. 25,800 25,510 51,546 42,060 6,135 48,750 100,296 8,515 215.8 Sep Proj. 25,800 25,510 51,546 42,005 6,135 48,695 100,241 8,515 216.1 * Projection. 1/ Commercial production for re d meats; federally inspected for poultry me ats. 2/ Beef, pork, veal and lamb & mut ton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/Barrows and gilts 3/Broilers 4/Turkeys 5/Eggs 6/Milk 7/ Dol./cw t Dol./cw t Cents/lb. Cents/lb. Cents/doz. Dol./cw t 2015 III 144.22 54.59 83.7 126.4 235.7 16.97 IV 127.71 44.66 77.2 130.1 174.1 17.73 Annual 148.12 50.23 90.5 116.2 181.8 17.12 2016 I 134.81 44.63 84.6 114.7 121.5 15.70 II 127.68 53.71 93.0 116.5 67.9 14.77 III* 113-116 49-50 83-84 119-122 71-72 16.75-16.95 IV* 115-121 39-41 79-83 122-128 83-87 17.25-17.75 Annual Aug Proj. 124-127 47-48 86-88 116-119 85-87 16.25-16.45 Sep Proj. 123-125 47-47 85-86 118-120 86-87 16.10-16.30 2017 I* 114-124 39-43 83-89 107-115 77-83 16.20-17.00 II* 116-126 45-49 85-93 108-118 96-104 15.60-16.60 Annual Aug Proj. 118-128 42-45 85-92 111-120 94-102 16.15-17.15 Sep Proj. 116-126 42-45 85-92 111-120 95-103 16.15-17.15 *Projection. 1/ Simple average of months. 2/ 5-Area, Direct, To tal all grades 3/ National Base, Live equiv 51-52% lean. 4/ Whol esale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, Ne w York, volume buyers. 7/ Prices received by farmers for all milk. September 2016 WASDE - 557 - 32 U.S. Meats Supply and Use Item Beginning stocksProduction 1/ ImportsTotal Supply ExportsEnding Stocks Total UsePer Capita 2/ 3/ Million Pounds /4 Beef 2015 591 23,760 3,371 27,721 2,265 683 24,773 53.9 2016 Proj. Aug 683 25,026 2,955 28,664 2,450 630 25,584 55.3 Sep 683 25,006 2,955 28,644 2,460 630 25,554 55.2 2017 Proj. Aug 630 25,864 2,600 29,094 2,580 600 25,914 55.6 Sep 630 25,864 2,600 29,094 2,580 600 25,914 55.6 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2015 559 24,517 1,116 26,191 5,009 590 20,593 49.7 2016 Proj. Aug 590 24,923 1,150 26,662 5,218 625 20,819 49.8 Sep 590 24,908 1,150 26,647 5,193 625 20,829 49.9 2017 Proj. Aug 625 25,526 1,160 27,311 5,300 635 21,376 50.8 Sep 625 25,526 1,160 27,311 5,300 635 21,376 50.8 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2015 1,190 48,520 4,700 54,410 7,279 1,320 45,810 104.8 2016 Proj. Aug 1,320 50,187 4,336 55,843 7,675 1,301 46,867 106.4 Sep 1,320 50,147 4,326 55,793 7,659 1,301 46,833 106.3 2017 Proj. Aug 1,301 51,636 3,948 56,885 7,890 1,280 47,715 107.6 Sep 1,301 51,636 3,948 56,885 7,888 1,280 47,717 107.6 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2015 680 39,620 131 40,431 6,321 832 33,277 88.9 2016 Proj. Aug 832 40,557 131 41,521 6,675 775 34,071 90.3 Sep 832 40,464 131 41,428 6,565 800 34,063 90.3 2017 Proj. Aug 775 41,610 132 42,517 6,995 715 34,807 91.6 Sep 800 41,556 132 42,488 6,895 715 34,878 91.8 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2015 193 5,627 45 5,866 529 201 5,136 16.0 2016 Proj. Aug 201 5,985 48 6,234 605 240 5,389 16.6 Sep 201 6,060 48 6,309 565 240 5,504 17.0 2017 Proj. Aug 240 6,135 40 6,415 670 250 5,495 16.8 Sep 240 6,135 40 6,415 630 250 5,535 17.0 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2015 877 45,769 177 46,823 6,995 1,041 38,787 106.0 2016 Proj. Aug 1,041 47,073 182 48,296 7,425 1,024 39,847 108.1 Sep 1,041 47,056 182 48,279 7,275 1,049 39,955 108.5 2017 Proj. Aug 1,024 48,299 174 49,497 7,805 974 40,718 109.7 Sep 1,049 48,245 174 49,468 7,665 974 40,829 110.0 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2015 2,066 94,289 4,877 101,232 14,273 2,361 84,598 210.8 2016 Proj. Aug 2,361 97,260 4,518 104,139 15,100 2,325 86,714 214.5 Sep 2,361 97,203 4,508 104,072 14,934 2,350 86,788 214.8 2017 Proj. Aug 2,325 99,935 4,122 106,382 15,695 2,254 88,433 217.3 Sep 2,350 99,881 4,122 106,353 15,553 2,254 88,546 217.6 1/ Total including farm production for red meats and, for pou ltry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis for red meat an d broilers; certified ready-to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. September 2016 WASDE - 557 - 33 U.S. Egg Supply and Use Commodity 2014 2015 2016 Proj. 2016 Proj. 2017 Proj. 2017 Proj. Aug Sep Aug Sep Eggs Million Dozen Supply Beginning Stocks 23.0 23.3 31.1 31.1 27.0 27.0 Production 8,431.4 7,977.3 8,349.0 8,349.0 8,515.0 8,515.0 Imports 34.7 123.5 104.7 104.7 60.0 60.0 Total Supply 8,489.1 8,124.1 8,484.8 8,484.8 8,602.0 8,602.0 Use Exports 378.5 313.6 283.4 258.4 335.0 295.0 Hatching Use 980.6 995.6 1,016.8 1,012.0 1,040.0 1,040.0 Ending Stocks 23.3 31.1 27.0 27.0 27.0 27.0 Disappearance Total 7,106.7 6,783.8 7,157.6 7,187.4 7,200.0 7,240.0 Per Capita (number) 267.1 253.0 265.0 266.1 264.8 266.2 Total U.S. Milk Supply and Use Commodity 2014 2015 2016 Proj. 2016 Proj. 2017 Proj. 2017 Proj. Aug Sep Aug Sep Milk Billion Pounds Production 206.1 208.6 212.1 212.2 215.8 216.1 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 11.2 11.2 13.3 13.3 13.7 13.9 Marketings 205.1 207.7 211.1 211.3 214.9 215.1 Imports 4.3 5.7 7.1 7.0 6.9 6.9 Total Cml. Supply 220.6 224.6 231.5 231.6 235.4 235.9 Fat Basis Use Commercial Exports 12.4 8.8 8.5 8.7 8.7 8.9 Ending Commercial Stocks 11.2 13.3 13.7 13.9 13.0 13.1 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 196.9 202.5 209.3 209.0 213.8 213.9 Skim-solid Basis Supply Beg. Commercial Stocks 11.7 13.1 13.9 13.9 13.6 13.8 Marketings 205.1 207.7 211.1 211.3 214.9 215.1 Imports 5.6 6.0 6.6 6.6 6.3 6.3 Total Cml. Supply 222.4 226.7 231.6 231.7 234.7 235.2 Skim-solid Basis Use Commercial Exports 39.0 37.3 37.1 37.6 37.4 38.1 Ending Commercial Stocks 13.1 13.9 13.6 13.8 13.3 13.3 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 170.3 175.5 180.9 180.3 184.0 183.8 Total Note: Totals may not add due to rounding. September 2016 WASDE - 557 - 34 U.S. Dairy Prices Commodity 2014 2015 2016 Proj. 2016 Proj. 2017 Proj. 2017 Proj. Aug Sep Aug Sep Product Prices 1/ Dollars Pe r Pound Cheese 2.1551 1.6454 1.610- 1.6301.600- 1.6201.615- 1.715 1.605- 1.705 Butter 2.1361 2.0670 2.140- 2.1802.080- 2.1201.965- 2.095 1.955- 2.085 Nonfat Dry Milk 1.7682 0.9016 0.795- 0.8150.810- 0.8300.865- 0.935 0.890- 0.960 Dry Whey 0.6538 0.3804 0.255- 0.2750.260- 0.2800.285- 0.315 0.295- 0.325 Filler Dollars Pe r Cwt Milk Prices 2/ Class III 22.34 15.80 14.80- 15.0014.75- 14.9515.00- 16.00 14.95- 15.95 Class IV 22.09 14.35 13.75- 14.0513.65- 13.9513.60- 14.70 13.80- 14.90 All Milk 3/ 23.97 17.12 16.25- 16.4516.10- 16.3016.15- 17.15 16.15- 17.15 1/ Simple average of monthly prices calculated by AMS from weekly averag e dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test . 3/ Does not reflect any deductions from producers as authori zed by legislation. September 2016 WASDE - 557 - 35 Reliability of September Projections 1/ Note: Tables on pages 35-37 present a record of the September projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 2 percen t. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 3.4 perc ent. The average difference between the Se ptember projection and the final estimate is 9 million tons, ranging from 0.9 million to 30.7 million tons. The September projection has been below the estimate 23 tim es and above 12 times. Differences between forecast and final estimate 90 percen t Years Commodity and Region Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final WHEAT Percen t Million Metric Tons Production Worl d 2.0 3.4 9.0 0.9 30.7 23 12 U.S. 1.9 3.3 0.9 0.0 2.5 14 21 Forei gn 2.3 3.9 9.0 1.0 30.9 24 11 Exports Worl d 6.0 10.2 6.3 0.3 22.0 27 8 U.S. 10.5 17.8 2.6 0.2 10.0 16 19 Forei gn 7.6 12.8 6.0 0.2 21.4 26 9 Domestic Use Worl d 1.7 2.9 7.2 0.2 23.4 19 16 U.S. 6.9 11.7 1.9 0.0 4.5 12 23 Forei gn 1.7 2.9 7.1 0.1 21.0 23 12 Endin g Stocks Worl d 8.4 14.2 9.8 1.5 29.6 27 8 U.S. 14.7 25.0 2.7 0.5 12.4 19 16 Forei gn 9.2 15.7 8.7 0.5 27.1 26 9 COARSE GRAINS 2/ Production Worl d 2.1 3.6 16.4 0.2 50.6 27 8 U.S. 4.3 7.4 7.8 0.2 26.0 23 12 Forei gn 2.4 4.0 14.0 1.0 30.3 26 9 Exports Worl d 7.2 12.2 6.7 0.1 25.2 24 11 U.S. 20.1 34.0 7.3 0.4 19.1 14 21 Forei gn 13.9 23.5 7.2 0.7 19.3 23 12 Domestic Use Worl d 1.5 2.6 11.3 0.4 33.4 20 15 U.S. 3.8 6.5 6.5 0.1 15.8 22 13 Forei gn 1.7 2.9 9.8 0.4 32.7 22 13 Endin g Stocks Worl d 12.6 21.5 16.2 1.7 43.2 27 8 U.S. 24.0 40.7 8.7 0.4 32.2 15 20 Forei gn 14.8 25.1 12.3 0.7 41.6 29 6 RICE , milled Production Worl d 2.4 4.0 6.4 0.4 24.1 26 9 U.S. 4.5 7.6 0.2 0.0 0.5 20 14 Forei gn 2.4 4.1 6.4 0.3 24.4 26 9 Exports Worl d 9.3 15.8 1.5 0.1 6.8 25 10 U.S. 11.2 19.1 0.2 0.0 0.9 18 15 Forei gn 10.4 17.7 1.5 0.1 6.8 25 10 Domestic Use Worl d 1.9 3.2 4.4 0.4 22.7 27 8 U.S. 6.8 11.6 0.2 0.0 0.4 15 19 Forei gn 1.9 3.3 4.5 0.2 23.1 27 8 Endin g Stocks Worl d 12.5 21.2 5.4 0.5 21.4 29 6 U.S. 23.0 39.0 0.2 0.0 0.9 19 16 Forei gn 13.7 23.3 5.5 0.2 21.4 29 6 1/ Footnotes at end of table. CONTINUED September 2016 WASDE - 557 - 36 Reliability of September Projections (Continued) 1/ Differences between forecast and final estimate 90 percen t Years Commodity and Region Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final SOYBEANS Percent Million Metric Tons Production World 4.6 7.9 6.6 0.4 27.4 22 13 U.S. 5.2 8.9 3.0 0.2 10.4 20 15 Foreign 7.7 13.1 6.4 0.9 29.1 17 18 Exports World 7.5 12.7 3.3 0.2 12.5 23 12 U.S. 12.4 21.0 2.8 0.1 7.3 22 13 Foreign 18.4 31.3 2.8 0.0 10.5 14 21 Domestic Use World 3.5 5.9 4.7 0.0 15.1 23 12 U.S. 4.6 7.8 1.7 0.1 4.5 23 12 Foreign 4.2 7.1 4.5 0.0 11.2 23 12 Ending Stocks World 18.1 30.7 4.9 0.2 13.0 20 15 U.S. 39.6 67.3 2.2 0.2 6.6 10 25 Foreign 20.1 34.1 4.4 0.0 14.7 21 13 COTTON Million 480-Pound Bales Production World 4.9 8.3 3.2 0.1 12.6 21 14 U.S. 6.1 10.4 0.8 0.0 2.4 18 16 Foreign 5.5 9.3 2.9 0.0 11.3 22 13 Exports World 9.5 16.1 2.2 0.0 10.1 21 14 U.S. 21.3 36.1 1.1 0.1 3.2 19 16 Foreign 12.5 21.2 1.9 0.1 8.8 18 17 Domestic Use World 3.9 6.7 2.9 0.1 13.1 13 22 U.S. 8.4 14.2 0.4 0.0 1.3 17 16 Foreign 4.0 6.8 2.8 0.0 12.3 14 20 Ending Stocks World 14.8 25.0 5.5 0.3 15.9 24 11 U.S. 34.6 58.8 1.3 0.1 5.1 15 20 Foreign 15.2 25.8 5.0 0.2 16.0 24 11 1/ Marketing years 1981/82 through 2015/16 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2014/15, and for 2015/16 last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. September 2016 WASDE - 557 - 37 Reliability of United States September Projections 1/ Differences between forecast and final estimate 90 percen t Years Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final CORN Percent Million Bushels Production 4.6 7.7 292 15 885 23 12 Exports 20.9 35.4 262 46 725 14 21 Domestic Use 4.2 7.1 254 0 565 22 12 Ending Stocks 27.4 46.4 323 2 1,321 15 20 SORGHUM Production 6.3 10.8 25 0 81 16 18 Exports 27.3 46.4 41 1 150 19 16 Domestic Use 25.0 42.4 39 0 120 17 16 Ending Stocks 49.5 83.9 34 1 155 10 25 BARLEY Production 5 . 0 8 . 51 1 13 61 32 2 Exports 49.5 84.1 14 0 82 15 17 Domestic Use 9.8 16.6 24 0 72 12 21 Ending Stocks 17.7 30.0 19 0 70 17 17 OATS Production 8.9 15.0 12 0 44 6 28 Exports 1 0 1 . 7 1 7 2 . 51089 1 4 Domestic Use 5.9 10.0 14 1 39 11 24 Ending Stocks 24.0 40.7 15 2 47 18 17 SOYBEAN MEAL Thousand Short Tons Production 4.4 7.5 1,295 93 4,200 24 11 Exports 14.9 25.3 909 34 4,100 20 15 Domestic Use 3.8 6.4 784 26 3,200 22 13 Ending Stocks 41.4 70.3 52 0 368 11 13 SOYBEAN OIL Million Pounds Production 4.7 8.0 629 26 2,635 22 13 Exports 35.4 60.0 443 0 1,675 18 16 Domestic Use 4.2 7.2 472 86 2,150 23 12 Ending Stocks 31.3 53.2 442 60 1,357 19 16 ANIMAL PROD. 3/ Million Pounds Beef 4.2 7.1 826 32 2,486 25 9 Pork 3.1 5.3 418 19 1,356 21 13 Broilers 2.2 3.7 526 49 1,379 21 13 Turkeys 3.8 6.5 142 2 444 21 13 Million Dozen Eggs 1.9 3.2 103 4 414 22 12 Billion Pounds Milk 1.7 2.9 2.0 0.0 7.2 20 12 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2015/16 for grains, soybeans, and cotton. Final for grains, so ybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2014/15, and for 2015/16 last month’s estimate. Calendar years 1982 through 2015 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982-2015. WASDE-557-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oc e/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Produc tion, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 19 0 countries and regions at http://www.fas.usda.gov/psd/online . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric-Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 WASDE Notification System Subscribers are notified through GovDelivery when the monthly World Agricultural Supply and Demand Estimates (WASDE ) report is available. Previous WASDE reports are available at http://usda.mannlib.cornell.edu/MannUsd a/viewDocumentInfo.do?documentID=1194 For questions contact: Susan Carter at 202-720-5447 or [email protected] World Agricultural Suppl y and Demand Estimates WASDE-557 – September 12, 2016 WASDE Briefing Slides: The briefing slides wh ich accompany today’s WASDE report will be available at http://www.usda.gov/oce /commodity/wasde/ Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e-mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu . Select the “Reports by E-Mail” bar to sign up. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250-9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 635 Approved by the World Agricultural Outlook Board April 11, 2023 WHEAT: The outlook for 2022/23 U.S. wheat this month is for slightly higher supplies, reduced domestic use, unchanged exports, and increased ending stocks. Supplies are raised 5 million bushels on higher imports, based on the pace of Census imports reported to date. Domestic use is lowered 25 million bushels on reduced feed and residual use, which is decreased to 55 million. The downward revision is based on the implied disappearance for the second and third quarters indicated in the NASS Grain Stocks report. Wheat exports remain at 775 million bushels but there are offsetting by -class changes for White and Hard Red Spring exports. Projected 2022/23 ending stocks are raised 30 million bushels to 598 million but are still 14 percent below last year. The 2022/2 3 season- average farm price is forecast $0.10 per bushel lower at $8.90, based on NASS prices reported to date and expectations for cash prices for the remainder of 2022/23. The global wheat outlook for 2022/23 is for increased supplies, higher consumption, and reduced trade and stocks. Supplies are raised 0.7 million tons to 1,061.1 million, primarily on higher beginning stocks for Syria and increased production for Ethiopia. Global consumption is increased 2.9 million tons to 796.1 million, mainly on higher food, seed, and industrial use for India, and increased feed and residual use for China and the EU. World trade is lowered 1.2 million tons to 212.7 million on reduced exports by the EU, Argentina, and Brazil more than offsetting increases for Russia and Ukraine. China’s wheat imports are raised 2.0 million tons to 12.0 million, which would be the highest imports for China since 1995/96. China’s imports are raised on strong imports to date, particularly from Australia; China is now the leading 2022/ 23 global wheat importer. Projected 2022/23 world ending stocks are lowered 2.1 million tons to 265.1 million, the lowest since 2015/16. This month, India, the Philippines, and Ukraine are projected to have lower stocks, more than offsetting increases for Syria, the EU, and the United States. COARSE GRAINS: This month’s 2022/23 U.S. corn outlook is for reductions to imports and food, seed, and industrial (FSI) use, with unchanged ending stocks. Corn imports are lowered 10 million bushels based on observed trade to date. Feed and residual use is unchanged at 5.275 billion based on indicated disappearance during the December - February quarter. FSI is lowered 10 million bushels reflecting cuts to corn used for glucose and dextrose and starch. With supply and use falling by the same amount, ending stocks are unchanged at 1.342 billion bushels. The season- average farm price is unchanged at $6.60 per bushel. WASDE- 635-2 Global coarse grain production for 2022/23 is forecast 3.3 million tons lower to 1,436.3 million. This month’s foreign coarse grain outlook is for declines in production, trade, and ending stocks relative to last month. Foreign corn production is forecast down as cuts for Argentina, the EU, Serbia, and Uruguay are partially offset by an increase for Russia. For Argentina, production is lowered as continued heat during March diminishes yield prospects for late- planted corn, despite locally beneficial precipitation during the month. EU corn production is reduced, mostly reflecting declines for Hungary, Italy, and Bulgaria that are partly offset by increases for Germany and Poland. Russia corn production is higher reflecting increases to both area and yield. Foreign barley production is higher on an increase for the EU. Major global trade changes include lower forecast corn exports for Argentina, Mexico, Burma, and Serbia, with increases for Ukraine and Russia. Corn imports are lowered for Egypt, the United States, Thailand, and Venezuela but raised for the EU, Turkey, and Uruguay. Foreign corn ending stocks are lower mostly reflecting declines for Ukraine, the EU, Mexico, and Serbia that are partly offset by increases for Russia and Brazil. Global corn ending stocks, at 295. 3 million tons, are down 1. 1 million from last month. RICE : This month’s supply and demand outlook for 2022/23 U.S. rice is for smaller supplies, increased domestic and residual use, higher exports, and reduced ending stocks. Supplies are reduced as the import forecast is lowered 2.0 million cwt to 40.0 million on a lower -than- expected pace of long- grain imports. All rice imports continue to be at a record level, however. Based on the NASS March 31 Rice Stocks report, long- grain domestic use is raised 2.0 million cwt to 119.0 million and medium - and short -grain use is raised 2.0 million cwt to 32.0 million. The 2022/23 rice export forecast is raised 2.0 million cwt to 61.0 million (all long -grain) on large February Census exports and additional sales to Iraq in late March under a 2022/23 Memorandum of Understanding. Despite this increase, U.S. exports would still be the lowest since 1985/86. In aggregate, these supply and use revisions result in an 8.0- million -cwt reduction in ending stocks to 28.1 million, the lowest since 2003/04. The long -grain season -averag e farm price (SAFP) is unchanged at $16.90 per cwt. While the all medium - and short- grain SAFP price is also unchanged at $29.20 per cwt, the SAFP for Other States was raised $0.10 per cwt to $17.70. The 2022/23 global outlook is for lower supplies, increased trade, fractionally higher use, and reduced ending stocks. Global beginning stocks are lowered 1.4 million tons to 182.0 million based almost entirely on a multi -year adjustment to use and stocks in the Philippines to better match observed current stock levels. World production is decreased 0.4 million tons to 509.4 million as reduced estimates for Indonesia, Brazil, and Iraq more than offset an increase for Bangladesh. Indonesia’s 2022/23 rice production is reduced 0.6 million tons to 34.0 million on lower area and yield for its main- season rice crop that was harvested in February and March. Global trade in 2022/23 is raised 0.8 million tons to 55.7 million, with increased exports for Vietnam and Thailand, in part to account for Indonesia’s intention to significantly increase rice purchases in 2023. Total ending stocks are projected 2.0 million tons lower to 171.4 million, primarily on decreases for the Philippines and China. At this level, ending stocks would be 6 percent lower than in 2021/22 and the lowest since 2017/18. WASDE- 635-3 OILSEEDS: U.S. soybean supply and use forecasts for 2022/23 are unchanged relative to last month. Soybean and soybean meal prices are also unchanged. The soybean oil price is projected at 64.0 cents per pound, down 2 cents. Global 2022/23 soybean supply and demand forecasts include lower production, crush, and exports. Global soybean production is reduced 5.5 million tons to 369.6 million. Lower crops for Argentina and Uruguay are partly offset by higher production for Brazil. Soybean production for Argentina is lowered 6.0 million tons to 27.0 million on hot and dry weather conditions through March. Uruguay production is lowered 0.9 million tons to 1.2 million on a lower harvested area and yield. Partly offsetting is hi gher production for Brazil which is increased 1.0 million tons to 154.0 million on higher area. Soybean crush is lowered on reduced supplies and slow pace to date for Argentina, China, Bangladesh, Pakistan, and Egypt. Crush for Argentina is reduced 3.3 million tons to 32.0 million leading to lower product exports. Partly offsetting is higher crush and higher soybean oil and meal exports for Brazil. Soybean exports are lowered 0.4 million tons to 168.0 million mainly on lower exports for Uruguay. Imports are lowered for Bangladesh, Egypt, and Pakistan and raised for Argentina. Soybean ending stocks are raised fractionally with higher stocks for China and Brazil that are mostly offset by lower stocks for Argentina. SUGAR: U.S. sugar supply is increased by 176,692 short tons, raw value (STRV) to 14.637 million on increased imports from last month. On March 13, 2023, USTR announced the reallocation of 247,182 STRV from countries that stated they do not plan to ship their original raw sugar TRQ allocation. USDA projects that only 46.5 percent of the reallocation, or 114,905 STRV, will enter, implying a new shortfall projection of 132,277, down from 254,632 projected last month. High -tier tariff imports are increased to 225,000 STRV on raw sugar imported during March by a refiner and by an increase in projected monthly refined imports based on the pace to date. There is a small partial offset of 10,179 STRV from combined calendar year 2022 FTA TRQs where the sugar failed to enter before Decem ber 31. Beet sugar production is down by 10,285 STRV on slightly lower recovery and a corresponding small increase in beet pile shrink. Cane sugar production is up 5,430 STRV on processor reporting in Florida and Texas. Because sugar use is unchanged, ending stocks increase by the full extent of the supply increase to 1.897 million STRV, resulting in an increase in the ending stocks -to-use ratio to 14.89 percent. Mexico sugar production is increased by 75,000 metric tons (MT) to 5.560 million. It is projected that area harvested will be close to the 828,941 hectares (ha) projected by CONDADESUCA but remains below in yield (USDA’s projection of 61.07 MT/ha against 62.37) and below in sucrose recovery (10.98 percent against 11.20). The production increase flows through to an increase in IMMEX deliveries to 331,037 MT and in ending stocks to 937,216 MT. On March 29, the Department of Commerce indicated that the gov ernment of Mexico stated that Mexico will be able to supply U.S. sugar needs of 1.118 million MT during the remainder of the Export Limit period. USDA projects Mexico production of below 99.2 WASDE- 635-4 polarity sugar could be as high as 840,000 MT or about 75 perce nt of allocation. USDA continues to project lower deliveries to IMMEX to maintain Mexico sugar supply and use balance for 2022/23, assuming that Mexico will export up to its Export Limit. USDA projects Mexico imports for IMMEX at 25,000, unchanged from last month. LIVESTOCK, POULTRY, AND DAIRY : For 2023, the beef production forecast is raised from last month. Higher expected placements of cattle during the first half are reflected in higher forecast beef production during the second half. Pork production is raised in the first half on recent slaughter data and revisions to 2022 pig crop data but is lowered in the second half, as the December -February pig crop and producer farrowing intentions for March- May, published in the latest Quarterly Hogs and Pigs report , were lower than previously expected. Broiler production is raised for the first half on recent slaughter and hatchery data. Turkey production is unchanged. Egg production is reduced slightly for the second and third quarters on recent flock and production data. Export projections for beef are raised on recent trade data and expectations of sustained demand in a number of Asian markets. Imports are also raised on recent data and projections of increased supplies from Oceania. Pork exports and imports are both raised on recent data. Broiler and turkey exports are raised on recent data, and imports are reduced on recent discoveries of highly pathogenic avian flu outbreaks in Chile. Cattle prices for the first quarter are lowered slightly on reported data but raised for all other quarters on continued strength in demand. Hog prices are lowered for all four quarters reflecting current price movements and continued modest demand. Broiler prices are projected higher on the strength of demand. Turkey prices are raised on current price movements. Egg prices are raised for the first quarter on reported prices but the forecast for the remaining quarters is unchanged. The milk production forecast is higher on a larger expected cow inventory. Fat basis imports for 2023 are primarily raised on the strength of a number of dairy products during the first quarter. Imports of casein and milk protein concentrate s are expected to remain firm, supporting higher skim -solids basis imports through the year. Expectations of increased competition in butter, cheese, nonfat dry milk, and whey markets are reflected in lower forecast exports on both a fat - and a skim -solids basis for 2023. Cheese and butter prices are raised on recent prices. Nonfat dry milk prices are lowered. Whey prices are raised on recent price observations and stronger expected demand. With the changes in component prices, Class III prices are projected higher, while Class IV prices are projected lower. The all milk price is projected higher at $20.65 per cwt. COTTON : The 2022/23 U.S. cotton supply and demand forecasts show higher exports and lower ending stocks relative to last month, with production and domestic mill use unchanged. The export forecast is raised 200,000 bales, to 12.2 million, based on the pace of recent sales and shipments. Ending stocks are now forecast at 4.1 million bales, equivalent to 29 percent of total disappearance. The marketing year price received by upland cotton producers is projected to average 82 cents per pound, a decrease of 1 cent from last month. WASDE- 635-5 In the global 2022/23 cotton balance sheet, higher production and reduced trade are contributing to higher ending stocks. World production is forecast 829,000 bales higher than in March as a 1 -million -bale increase for China more than offsets a lower Brazilian crop. World 2022/23 ending stocks are projected 867,000 bales higher, with the largest increase in India, where projected stocks are 450,000 higher on lower exports. The expected volume of world trade in 2022/23 is 745,000 bales lower this month, with imports reduced for Bangladesh, China, and Turkey. On the export side, higher U.S. and Australia exports are more than offset by a 550,000- bale reduction for Brazil and a 400,000- bale reduction for India. Projected 2022/23 global consumption is 65,000 bales higher this month as a 500,000 -bale increase for China more than offsets declines in Bangladesh and Turkey. Approved by the Secretary of Agriculture and by the Chairman of the World Agricultural Outlook Board, Mark Jekanowski, (202) 720- 6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: SETH MEYER SECRETARY OF AGRICULTURE DESIGNATE WASDE- 635-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone, ICEC Chair, WAOB, [email protected] Andrew Sowell, ERS; Rachel Trego, FAS; Bruce McWilliams, FPAC. Rice: Mark Simone, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS; Kent Lanclos, FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Todd Hubbs, ERS; Kevin Min, FAS; Jacob Vuillemin, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Maria Bukowski, ERS; Agata Kingsbury, FAS; Gustavo Ferreira, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; Graham Soley, FAS; Kent Lanclos, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Vida Abadam, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; John Brower, FAS; Georgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Grace Grossen, ERS; Claire Mezoughem, FAS; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Angel Teran, ERS; Jeffery Dwyer, FAS; Georgi Gabrielyan, FPAC. In 2023 the WASDE report will be released on May 12, Jun 9, Jul 12, Aug 11, Sep 12, Oct 12, Nov 9, and Dec 8. WASDE- 635-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Suppl y & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Production .......................................................... 31 U.S. Qu arterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 April 2023 WASDE - 635 - 8 World and U.S. Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2020/21 2725.40 3543.99 488.12 2747.42 796.57 2021/22 (Est.) 2796.37 3592.95 512.73 2804.78 788.17 filler filler filler filler filler 2022/23 (Proj.) Mar 2738.39 3526.19 483.93 2763.23 762.96 2022/23 (Proj.) Apr 2734.73 3522.89 482.29 2764.46 758.43 filler filler filler filler filler Wheat 2020/21 774.41 1074.07 203.35 787.74 286.33 2021/22 (Est.) 779.13 1065.46 202.92 793.36 272.09 filler filler filler filler filler 2022/23 (Proj.) Mar 788.94 1060.39 213.93 793.19 267.20 2022/23 (Proj.) Apr 789.02 1061.11 212.71 796.06 265.05 filler filler filler filler filler Coarse Grains 5/ 2020/21 1441.67 1778.96 233.60 1456.02 322.94 2021/22 (Est.) 1503.40 1826.33 253.04 1492.26 334.08 filler filler filler filler filler 2022/23 (Proj.) Mar 1439.62 1772.53 215.11 1450.09 322.44 2022/23 (Proj.) Apr 1436.29 1770.37 213.88 1448.36 322.01 filler filler filler filler filler Rice, milled 2020/21 509.32 690.96 51.17 503.65 187.31 2021/22 (Est.) 513.85 701.16 56.77 519.16 182.00 filler filler filler filler filler 2022/23 (Proj.) Mar 509.83 693.27 54.90 519.95 173.32 2022/23 (Proj.) Apr 509.42 691.42 55.69 520.05 171.37 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2020/21 429.86 516.87 107.23 351.24 58.40 2021/22 (Est.) 448.60 513.38 94.85 360.68 57.85 filler filler filler filler filler 2022/23 (Proj.) Mar 408.46 474.41 72.39 348.85 53.18 2022/23 (Proj.) Apr 408.46 474.16 72.41 348.02 53.74 filler filler filler filler filler Wheat 2020/21 49.75 80.46 27.05 30.41 23.00 2021/22 (Est.) 44.80 70.40 21.78 29.61 19.01 filler filler filler filler filler 2022/23 (Proj.) Mar 44.90 67.18 21.09 30.62 15.47 2022/23 (Proj.) Apr 44.90 67.31 21.09 29.94 16.28 filler filler filler filler filler Coarse Grains 5/ 2020/21 372.89 427.19 77.21 315.97 34.01 2021/22 (Est.) 397.71 434.32 70.46 326.28 37.58 filler filler filler filler filler 2022/23 (Proj.) Mar 358.47 399.55 49.42 313.56 36.57 2022/23 (Proj.) Apr 358.47 399.23 49.38 313.28 36.56 filler filler filler filler filler Rice, milled 2020/21 7.22 9.22 2.97 4.86 1.39 2021/22 (Est.) 6.08 8.67 2.61 4.80 1.26 filler filler filler filler filler 2022/23 (Proj.) Mar 5.09 7.69 1.87 4.67 1.15 2022/23 (Proj.) Apr 5.09 7.62 1.94 4.79 0.89 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). April 2023 WASDE - 635 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2020/21 2,295.53 3,027.12 380.89 2,396.18 738.17 2021/22 (Est.) 2,347.78 3,079.57 417.89 2,444.10 730.32 filler filler filler filler filler 2022/23 (Proj.) Mar 2,329.93 3,051.78 411.55 2,414.38 709.78 2022/23 (Proj.) Apr 2,326.27 3,048.73 409.88 2,416.45 704.69 filler filler filler filler filler Wheat 2020/21 724.66 993.61 176.30 757.33 263.33 2021/22 (Est.) 734.32 995.06 181.14 763.76 253.09 filler filler filler filler filler 2022/23 (Proj.) Mar 744.04 993.21 192.83 762.57 251.73 2022/23 (Proj.) Apr 744.11 993.80 191.62 766.12 248.77 filler filler filler filler filler Coarse Grains 5/ 2020/21 1,068.78 1,351.77 156.39 1,140.06 288.92 2021/22 (Est.) 1,105.69 1,392.02 182.59 1,165.98 296.49 filler filler filler filler filler 2022/23 (Proj.) Mar 1,081.15 1,372.98 165.69 1,136.53 285.87 2022/23 (Proj.) Apr 1,077.82 1,371.14 164.51 1,135.07 285.45 filler filler filler filler filler Rice, milled 2020/21 502.10 681.74 48.20 498.79 185.92 2021/22 (Est.) 507.77 692.49 54.16 514.36 180.74 filler filler filler filler filler 2022/23 (Proj.) Mar 504.74 685.59 53.03 515.28 172.18 2022/23 (Proj.) Apr 504.33 683.79 53.76 515.25 170.48 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grain s. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2020/21 111.50 209.71 48.83 123.31 86.30 2021/22 (Est.) 116.01 202.31 42.86 116.29 86.23 filler filler filler filler filler 2022/23 (Proj.) Mar 115.09 201.20 39.60 110.11 91.15 2022/23 (Proj.) Apr 115.92 202.15 38.86 110.17 92.01 filler filler filler filler filler United States 2020/21 14.61 21.86 16.35 2.40 3.15 2021/22 (Est.) 17.52 20.68 14.62 2.55 3.75 filler filler filler filler filler 2022/23 (Proj.) Mar 14.68 18.44 12.00 2.10 4.30 2022/23 (Proj.) Apr 14.68 18.44 12.20 2.10 4.10 filler filler filler filler filler Foreign 4/ 2020/21 96.89 187.85 32.48 120.91 83.15 2021/22 (Est.) 98.49 181.64 28.24 113.74 82.48 filler filler filler filler filler 2022/23 (Proj.) Mar 100.41 182.77 27.60 108.01 86.85 2022/23 (Proj.) Apr 101.24 183.71 26.66 108.07 87.91 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. April 2023 WASDE - 635 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2020/21 608.35 720.83 192.05 509.28 116.05 2021/22 (Est.) 609.21 725.26 178.97 510.37 118.33 filler filler filler filler filler 2022/23 (Proj.) Mar 629.89 747.59 199.88 526.26 117.31 2022/23 (Proj.) Apr 625.38 743.71 199.93 522.44 116.83 filler filler filler filler filler Oilmeals 2020/21 349.14 370.02 97.48 345.77 19.35 2021/22 (Est.) 349.31 368.66 96.20 346.10 20.04 filler filler filler filler filler 2022/23 (Proj.) Mar 359.51 377.50 96.59 355.86 17.01 2022/23 (Proj.) Apr 356.19 376.23 94.62 355.24 17.45 filler filler filler filler filler Vegetable Oils 2020/21 206.83 236.93 85.21 204.42 28.52 2021/22 (Est.) 208.89 237.41 79.12 202.87 30.08 filler filler filler filler filler 2022/23 (Proj.) Mar 217.22 246.57 88.23 212.83 29.56 2022/23 (Proj.) Apr 216.28 246.36 87.74 212.52 28.90 filler filler filler filler filler United States Output Total Supply Trade Total Use 2 / Ending Stocks Oilseeds 2020/21 124.52 141.69 62.78 62.66 8.64 2021/22 (Est.) 131.35 141.16 59.71 63.87 9.14 filler filler filler filler filler 2022/23 (Proj.) Mar 125.96 136.39 55.76 64.75 7.47 2022/23 (Proj.) Apr 125.96 136.45 55.71 64.75 7.49 filler filler filler filler filler Oilmeals 2020/21 48.25 53.02 12.62 40.00 0.39 2021/22 (Est.) 49.26 53.21 12.44 40.42 0.35 filler filler filler filler filler 2022/23 ( Proj.) Mar 50.13 54.46 12.66 41.39 0.40 2022/23 (Proj.) Apr 50.08 54.45 12.66 41.39 0.40 filler filler filler filler filler Vegetable Oils 2020/21 12.70 18.86 1.04 16.52 1.30 2021/22 (Est.) 13.06 19.61 1.05 17.29 1.27 filler filler filler filler filler 2022/23 (Proj.) Mar 13.30 20.10 0.44 18.38 1.28 2022/23 (Proj.) Apr 13.29 20.39 0.42 18.66 1.31 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2020/21 483.83 579.14 129.27 446.63 107.41 2021/22 (Est.) 477.86 584.10 119.27 446.50 109.19 filler filler filler filler filler 2022/23 (Proj.) Mar 503.93 611.19 144.12 461.52 109.84 2022/23 (Proj.) Apr 499.41 607.26 144.22 457.70 109.34 filler filler filler filler filler Oilmeals 2020/21 300.90 317.00 84.86 305.77 18.96 2021/22 (Est.) 300.05 315.45 83.76 305.68 19.69 filler filler filler filler filler 2022/23 (Proj.) Mar 309.38 323.04 83.93 314.46 16.60 2022/23 (Proj.) Apr 306.11 321.78 81.96 313.85 17.05 filler filler filler filler filler Vegetable Oils 2020/21 194.13 218.07 84.17 187.90 27.22 2021/22 (Est.) 195.83 217.80 78.07 185.58 28.81 filler filler filler filler filler 2022/23 (Proj.) Mar 203.92 226.47 87.79 194.44 28.28 2022/23 (Proj.) Apr 202.99 225.97 87.32 193.86 27.59 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. April 2023 WASDE - 635 - 11 U.S. Wheat Supply and Use 1/ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Mar Apr Million Acres Area Planted 44.5 46.7 45.7 45.7 Area Harvested 36.8 37.1 35.5 35.5 Bushels Yield per Harvested Acre 49.7 44.3 46.5 46.5 Million Bushels Beginning Stocks 1,028 845 698 698 Production 1,828 1,646 1,650 1,650 Imports 100 95 120 125 Supply, Total 2,956 2,587 2,468 2,473 Food 961 972 975 975 Seed 64 58 70 70 Feed and Residual 93 59 80 55 Domestic, Total 1,117 1,088 1,125 1,100 Exports 994 800 775 775 Use, Total 2,111 1,888 1,900 1,875 Ending Stocks 845 698 568 598 Avg. Farm Price ($/bu) 2/ 5.05 7.63 9.00 8.90 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2021/22 (Est.) Beginning Stocks 428 235 85 70 27 845 Production 750 297 361 201 38 1,646 Supply, Total 3/ 1,182 575 449 276 105 2,587 Domestic Use 489 220 238 75 67 1,088 Exports 317 209 112 148 14 800 Use, Total 806 429 350 222 81 1,888 Ending Stocks, Total 376 146 99 54 24 698 2022/23 (Proj.) Beginning Stocks 376 146 99 54 24 698 Production 531 446 337 272 64 1,650 Supply, Total 3/ 912 647 441 332 142 2,473 Domestic Use 429 276 238 66 91 1,100 Exports 220 220 115 200 20 775 Use, Total 649 496 353 266 111 1,875 Ending Stocks, Total Apr 262 151 88 66 31 598 Ending Stocks, Total Mar 273 120 102 45 27 568 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. April 2023 WASDE - 635 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Mar Apr Million Acres Area Planted 102.3 105.8 100.4 100.4 Area Harvested 90.6 94.4 87.1 87.1 Metric Tons Yield per Harvested Acre 4.11 4.21 4.11 4.11 Million Metric Tons Beginning Stocks 51.8 34.0 37.6 37.6 Production 372.6 397.5 358.2 358.2 Imports 2.2 2.3 3.2 2.9 Supply, Total 426.6 433.8 398.9 398.6 Feed and Residual 146.7 148.7 137.7 137.7 Food, Seed & Industrial 168.8 177.1 175.2 175.0 Domestic, Total 315.4 325.8 312.9 312.7 Exports 77.2 70.5 49.4 49.4 Use, Total 392.6 396.2 362.3 362.1 Ending Stocks 34.0 37.6 36.5 36.5 CORN 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. March April Million Acres Area Planted 90.7 93.3 88.6 88.6 Area Harvested 82.3 85.3 79.2 79.2 Bushels Yield per Harvested Acre 171.4 176.7 173.3 173.3 Million Bushels Beginning Stocks 1,919 1,235 1,377 1,377 Production 14,111 15,074 13,730 13,730 Imports 24 24 50 40 Supply, Total 16,055 16,333 15,157 15,147 Feed and Residual 5,607 5,721 5,275 5,275 Food, Seed & Industrial 2/ 6,467 6,764 6,690 6,680 Ethanol & by -products 3/ 5,028 5,326 5,250 5,250 Domestic, Total 12,074 12,484 11,965 11,955 Exports 2,747 2,471 1,850 1,850 Use, Total 14,821 14,956 13,815 13,805 Ending Stocks 1,235 1,377 1,342 1,342 Avg. Farm Price ($/bu) 4/ 4.53 6.00 6.60 6.60 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by- products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Market ing- year weighted average price received by farmers. April 2023 WASDE - 635 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Mar Apr Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 5.9 7.3 6.3 6.3 Area Harvested (mil. acres) 5.1 6.5 4.6 4.6 Yield (bushels/acre) 73.2 69.0 41.1 41.1 Beginning Stocks 30 20 47 47 Production 373 448 188 188 Imports 0 0 0 0 Supply, Total 403 468 235 235 Feed and Residual 97 81 70 70 Food, Seed & Industrial 7 45 50 50 Total Domestic 104 127 120 120 Exports 279 294 90 90 Use, Total 383 421 210 210 Ending Stocks 20 47 25 25 Avg. Farm Price ($/bu) 2/ 5.04 5.94 6.90 6.90 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. March April Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.7 2.7 2.9 2.9 Area Harvested (mil. acres) 2.2 2.0 2.4 2.4 Yield (bushels/acre) 77.2 60.3 71.7 71.7 Beginning Stocks 80 71 42 42 Production 171 120 174 174 Imports 7 15 16 19 Supply, Total 258 206 232 235 Feed and Residual 26 20 35 40 Food, Seed & Industrial 147 137 130 130 Total Domestic 172 157 165 170 Exports 14 7 5 3 Use, Total 186 164 170 173 Ending Stocks 71 42 62 62 Avg. Farm Price ($/bu) 2/ 4.75 5.31 7.30 7.35 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. March April Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.0 2.6 2.6 2.6 Area Harvested (mil. acres) 1.0 0.7 0.9 0.9 Yield (bushels/acre) 65.1 61.3 64.8 64.8 Beginning Stocks 37 38 33 33 Production 66 40 58 58 Imports 85 81 90 85 Supply, Total 188 159 180 175 Feed and Residual 68 44 65 60 Food, Seed & Industrial 78 79 81 81 Total Domestic 147 124 146 141 Exports 3 3 2 2 Use, Total 150 126 148 143 Ending Stocks 38 33 32 32 Avg. Farm Price ($/bu) 2/ 2.77 4.55 4.75 4.65 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. April 2023 WASDE - 635 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Mar Apr Million Acres Area Planted 3.04 2.53 2.22 2.22 Area Harvested 2.99 2.49 2.17 2.17 Fil ler Pounds Yield per Harvested Acre 7,619 7,709 7,383 7,383 Million Hundredweight Beginning Stocks 2/ 28.7 43.7 39.7 39.7 Production 227.5 191.6 160.4 160.4 Imports 34.1 37.8 42.0 40.0 Supply, Total 290.2 273.0 242.1 240.1 Domestic & Residual 3/ 153.1 151.1 147.0 151.0 Exports, Total 4/ 93.5 82.2 59.0 61.0 Rough 34.6 28.3 16.0 16.0 Milled (rough equiv.) 58.9 53.9 43.0 45.0 Use, Total 246.6 233.3 206.0 212.0 Ending Stocks 43.7 39.7 36.1 28.1 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 14.40 16.10 19.40 19.40 Total LONG -GRAIN RICE 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. March April Harvested Acres (mil.) 2.30 1.94 1.77 1.77 Yield (pounds/acre) 7,422 7,471 7,224 7,224 Beginning Stocks 16.9 29.7 24.6 24.6 Imports 27.4 30.7 33.0 31.0 Production 170.8 144.6 128.2 128.2 Supply, Total 7/ 215.1 205.0 185.8 183.8 Domestic & Residual 3/ 120.3 119.7 117.0 119.0 Exports 8/ 65.0 60.6 45.0 47.0 Use, Total 185.3 180.3 162.0 166.0 Ending Stocks 29.7 24.6 23.8 17.8 Avg. Farm Price ($/cwt) 6/ 12.60 13.60 16.90 16.90 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. March April Harvested Acres (mil.) 0.69 0.55 0.40 0.40 Yield (pounds/acre) 8,282 8,549 8,094 8,094 Beginning Stocks 10.7 11.5 13.0 13.0 Imports 6.7 7.1 9.0 9.0 Production 56.7 47.0 32.2 32.2 Supply, Total 7/ 72.7 66.0 54.3 54.3 Domestic & Residual 3/ 32.8 31.4 30.0 32.0 Exports 8/ 28.5 21.5 14.0 14.0 Use, Total 61.2 53.0 44.0 46.0 Ending Stocks 11.5 13.0 10.3 8.3 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 20.10 26.40 29.20 29.20 California 10/ 22.60 31.90 36.00 36.00 Other States 1/ 13.00 13.90 17.60 17.70 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2017/18 -1.4; 2018/19-2.1; 2019/20 -1.0. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing -year weighted average price received by farme rs. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The California medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the f inal price may differ. 10/ Marketing year beginning October 1. April 2023 WASDE - 635 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Mar Apr Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 83.4 87.2 87.5 87.5 Area Harvested 82.6 86.3 86.3 86.3 Fil ler Bushels Yield per Harvested Acre 51.0 51.7 49.5 49.5 Million Bushels Beginning Stocks 525 257 274 274 Production 4,216 4,465 4,276 4,276 Imports 20 16 15 15 Supply, Total 4,761 4,738 4,566 4,566 Crushings 2,141 2,204 2,220 2,220 Exports 2,266 2,158 2,015 2,015 Seed 101 102 102 102 Residual -4 1 19 19 Use, Total 4,504 4,464 4,355 4,355 Ending Stocks 257 274 210 210 Avg. Farm Price ($/bu) 2/ 10.80 13.30 14.30 14.30 Total SOYBEAN OIL 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. March April Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,853 2,131 1,991 1,991 Production 4/ 25,023 26,155 26,195 26,195 Imports 302 303 300 300 Supply, Total 27,177 28,590 28,486 28,486 Domestic Disappearance 23,314 24,825 26,050 26,050 Biofuel 3/ 8,920 10,348 11,600 11,600 Food, Feed & other Industrial 14,394 14,477 14,450 14,450 Exports 1,731 1,773 500 500 Use, Total 25,046 26,599 26,550 26,550 Ending stocks 2,131 1,991 1,936 1,936 Avg. Price (c/lb) 2/ 56.87 72.98 66.00 64.00 Total SOYBEAN MEAL 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. March April Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 341 341 311 311 Production 4/ 50,565 51,814 52,539 52,489 Imports 784 649 600 650 Supply, Total 51,691 52,804 53,450 53,450 Domestic Disappearance 37,674 38,970 39,400 39,400 Exports 13,675 13,524 13,700 13,700 Use, Total 51,350 52,493 53,100 53,100 Ending Stocks 341 311 350 350 Avg. Price ($/s.t.) 2/ 392.31 439.81 465.00 465.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects soybean oil used for biofuels as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,207 million bushels for 2021/22 and 2,220 million bushels for 2022/23. April 2023 WASDE - 635 - 16 U.S. Sugar Supply and Use 1/ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Mar Apr Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,618 1,705 1,820 1,820 Production 2/ 9,233 9,157 9,310 9,306 Beet Sugar 5,092 5,155 5,160 5,150 Cane Sugar 4,141 4,002 4,150 4,156 Florida 2,090 1,934 2,040 2,044 Louisiana 1,918 1,944 2,034 2,034 Texas 134 124 76 78 Imports 3,221 3,646 3,330 3,511 TRQ 3/ 1,749 1,579 1,618 1,730 Other Program 4/ 292 298 250 250 Non-program 1,180 1,769 1,462 1,531 Mexico 968 1,379 1,306 1,306 High -tier tariff/other 212 390 156 225 Total Supply 14,072 14,508 14,460 14,637 Exports 49 29 35 35 Deliveries 12,277 12,578 12,705 12,705 Food 12,161 12,470 12,600 12,600 Other 5/ 116 107 105 105 Miscellaneous 40 81 0 0 Total Use 12,367 12,688 12,740 12,740 Ending Stocks 1,705 1,820 1,720 1,897 Stocks to Use Ratio 13.8 14.3 13.5 14.9 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2021/22 and 2022/23 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2021/22, WTO raw sugar TRQ short fall (151) and for 2022/23 (132). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries f or livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE - reported deliveries: 2020/21 -- 298; estimated 2021/22 -- 303; projected 2022/23 -- 315 Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2021/22 Est. Mar 1,053 6,185 31 4,629 1,676 964 2021/22 Est. Apr 1,053 6,185 31 4,629 1,676 964 2022/23 Proj. Mar 964 5,485 35 4,438 1,121 925 2022/23 Proj. Apr 964 5,560 35 4,499 1,123 937 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2020/21 = 1,320; Estimated 2020/21 = 1,291; Projected 2022/23 = 1,291; Estimated Oct. - Feb. 2023 = 559; Estimated Oct. - Feb. 2022 = 516. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico' s products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2021/22 (532 est =508 dom.+24 import); 2022/23 (331 proj = 306 dom.+25 import). Statistical Adjustments: 2021/22 ( -16), 2022/23 (0). April 2023 WASDE - 635 - 17 U.S. Cotton Supply and Use 1/ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Mar Apr Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 12.09 11.22 13.76 13.76 Harvested 8.22 10.27 7.44 7.44 Fil ler Pounds Yield per Harvested Acre 853 819 947 947 Million 480 Pound Bales Beginning Stocks 7.25 3.15 3.75 3.75 Production 14.61 17.52 14.68 14.68 Imports 0.00 0.01 0.01 0.01 Supply, Total 21.86 20.68 18.44 18.44 Domestic Use 2.40 2.55 2.10 2.10 Exports, Total 16.35 14.62 12.00 12.20 Use, Total 18.75 17.17 14.10 14.30 Unaccounted 2/ -0.04 -0.24 0.04 0.04 Ending Stocks 3.15 3.75 4.30 4.10 Avg. Farm Price 3/ 66.3 91.4 83.0 82.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. April 2023 WASDE - 635 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 299.66 774.41 194.80 163.70 787.74 203.35 286.33 World Less China 149.65 640.16 184.18 118.70 632.74 202.59 147.21 United States 27.99 49.75 2.73 2.54 30.41 27.05 23.00 Total Foreign 271.68 724.66 192.07 161.16 757.33 176.30 263.33 Major Exporters 4/ 32.50 322.46 6.67 72.81 179.33 147.42 34.88 Argentina 2.46 17.64 0.01 0.05 6.25 11.53 2.32 Australia 2.70 31.92 0.20 4.50 8.03 23.77 3.02 Canada 5.50 35.44 0.55 4.16 9.10 26.43 5.95 European Union 5/ 13.11 126.68 5.39 42.50 104.75 29.74 10.70 Russia 7.23 85.35 0.40 19.00 42.50 39.10 11.38 Ukraine 1.50 25.42 0.13 2.60 8.70 16.85 1.51 Major Importers 6/ 192.89 200.42 123.98 63.38 328.25 12.62 176.42 Bangladesh 1.76 1.18 7.20 0.50 8.00 0.00 2.14 Brazil 1.99 6.25 6.40 0.40 11.80 0.93 1.91 China 150.02 134.25 10.62 45.00 155.00 0.76 139.12 Japan 1.10 1.00 5.49 0.65 6.25 0.30 1.04 N. Africa 7/ 14.36 15.81 28.50 1.75 46.62 0.80 11.24 Nigeria 0.30 0.06 6.59 0.05 5.55 0.60 0.79 Sel. Mideast 8/ 11.44 20.64 17.32 3.54 38.58 0.62 10.20 Southeast Asia 9/ 5.51 0.00 25.18 8.09 25.10 1.14 4.45 Selected Other India 24.70 107.86 0.02 6.50 102.22 2.56 27.80 Kazakhstan 0.66 14.26 1.00 1.45 6.25 8.19 1.48 United Kingdom 2.44 9.66 3.22 5.96 13.46 0.45 1.42 2021/22 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 286.33 779.13 199.24 161.45 793.36 202.92 272.09 World Less China 147.21 642.18 189.68 126.45 645.36 202.05 135.34 United States 23.00 44.80 2.59 1.60 29.61 21.78 19.01 Total Foreign 263.33 734.32 196.65 159.86 763.76 181.14 253.09 Major Exporters 4/ 34.88 327.22 5.79 78.90 186.22 142.47 39.20 Argentina 2.32 22.15 0.00 0.25 6.55 16.00 1.93 Australia 3.02 36.24 0.21 5.00 8.53 27.51 3.43 Canada 5.95 22.42 0.55 5.15 10.15 15.12 3.66 European Union 5/ 10.70 138.24 4.63 45.00 108.25 32.00 13.32 Russia 11.38 75.16 0.30 19.50 42.75 33.00 11.09 Ukraine 1.51 33.01 0.10 4.00 10.00 18.84 5.77 Major Importers 6/ 176.42 203.11 130.33 54.68 323.56 15.31 171.00 Bangladesh 2.14 1.09 6.34 0.55 8.25 0.00 1.31 Brazil 1.91 7.70 6.39 0.45 11.75 3.07 1.18 China 139.12 136.95 9.57 35.00 148.00 0.88 136.76 Japan 1.04 1.13 5.61 0.75 6.30 0.30 1.18 N. Africa 7/ 11.24 20.43 26.61 1.87 47.02 0.41 10.86 Nigeria 0.79 0.09 6.19 0.05 5.85 0.60 0.62 Sel. Mideast 8/ 10.20 16.42 22.76 3.88 38.76 0.75 9.87 Southeast Asia 9/ 4.45 0.00 27.03 8.50 25.63 1.23 4.62 Selected Other India 27.80 109.59 0.03 7.00 109.88 8.03 19.50 Kazakhstan 1.48 11.81 2.50 1.35 6.20 8.10 1.49 United Kingdom 1.42 13.99 2.63 7.40 15.40 0.83 1.81 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2023 WASDE - 635 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Mar 271.45 788.94 208.41 158.50 793.19 213.93 267.20 Apr 272.09 789.02 206.30 160.31 796.06 212.71 265.05 World Less China Mar 134.69 651.22 198.41 128.50 649.19 213.03 127.62 Apr 135.34 651.29 194.30 128.31 650.06 211.81 125.47 United States Mar 19.01 44.90 3.27 2.18 30.62 21.09 15.47 Apr 19.01 44.90 3.40 1.50 29.94 21.09 16.28 Total Foreign Mar 252.44 744.04 205.14 156.32 762.57 192.83 251.73 Apr 253.09 744.11 202.90 158.81 766.12 191.62 248.77 Major Exporters 4/ Mar 39.67 333.42 10.21 80.05 188.00 154.00 41.29 Apr 39.20 332.72 11.68 81.05 188.50 153.50 41.59 Argentina Mar 2.35 12.90 0.01 0.05 6.25 6.50 2.51 Apr 1.93 12.55 0.01 0.05 6.45 5.50 2.53 Australia Mar 3.43 39.00 0.20 5.00 8.50 28.50 5.63 Apr 3.43 39.00 0.20 5.00 8.50 28.50 5.63 Canada Mar 3.66 33.82 0.60 4.50 9.55 25.00 3.54 Apr 3.66 33.82 0.60 4.50 9.55 25.00 3.54 European Union 5/ Mar 13.36 134.70 9.00 45.00 109.00 37.00 11.06 Apr 13.32 134.34 10.50 47.00 111.00 35.00 12.16 Russia Mar 11.09 92.00 0.30 21.50 45.50 43.50 14.39 Apr 11.09 92.00 0.30 20.50 44.00 45.00 14.39 Ukraine Mar 5.77 21.00 0.10 4.00 9.20 13.50 4.17 Apr 5.77 21.00 0.08 4.00 9.00 14.50 3.34 Major Importers 6/ Mar 171.87 206.44 132.67 49.25 319.72 16.87 174.39 Apr 171.00 206.03 130.77 50.50 318.96 15.87 172.97 Bangladesh Mar 1.31 1.10 5.00 0.20 6.70 0.00 0.71 Apr 1.31 1.10 4.80 0.20 6.50 0.00 0.71 Brazil Mar 1.18 10.40 5.60 0.40 11.70 4.40 1.08 Apr 1.18 10.40 5.60 0.50 11.90 3.50 1.78 China Mar 136.76 137.72 10.00 30.00 144.00 0.90 139.58 Apr 136.76 137.72 12.00 32.00 146.00 0.90 139.58 Japan Mar 1.18 1.05 5.75 0.75 6.30 0.30 1.38 Apr 1.18 1.05 5.75 0.75 6.30 0.30 1.38 N. Africa 7/ Mar 10.86 17.60 29.90 1.77 47.22 0.50 10.64 Apr 10.86 17.63 29.90 1.77 47.22 0.50 10.67 Nigeria Mar 0.62 0.11 6.00 0.00 5.60 0.60 0.53 Apr 0.62 0.11 5.50 0.00 5.30 0.60 0.33 Sel. Mideast 8/ Mar 9.96 17.61 23.22 3.38 39.28 0.67 10.84 Apr 9.87 17.17 22.32 3.38 38.82 0.67 9.87 Southeast Asia 9/ Mar 5.41 0.00 26.90 8.45 26.00 1.15 5.17 Apr 4.62 0.00 24.40 7.90 24.30 1.15 3.58 Selected Other India Mar 19.50 104.00 0.10 6.00 105.48 5.50 12.63 Apr 19.50 104.00 0.10 6.00 107.75 5.35 10.50 Kazakhstan Mar 1.49 16.40 2.00 2.00 7.00 10.50 2.40 Apr 1.49 16.40 2.00 2.00 7.00 10.50 2.40 United Kingdom Mar 1.81 15.50 1.80 7.80 15.80 1.30 2.01 Apr 1.81 15.50 1.80 7.80 15.80 1.30 2.01 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2023 WASDE - 635 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 337.29 1,441.67 233.79 903.79 1,456.02 233.60 322.94 World Less China 136.34 1,172.58 183.26 682.84 1,142.92 233.59 115.48 United States 51.83 372.89 2.48 146.74 315.97 77.21 34.01 Total Foreign 285.46 1,068.78 231.31 757.05 1,140.06 156.39 288.92 Major Exporters 4/ 24.24 297.33 5.46 134.73 180.99 126.63 19.41 Argentina 4.57 60.01 0.02 11.29 17.02 45.52 2.06 Australia 3.01 18.56 0.00 6.21 8.08 10.50 2.98 Brazil 5.82 90.32 3.35 62.42 73.86 21.04 4.60 Canada 3.98 29.64 1.89 16.67 24.63 7.26 3.63 Russia 1.87 41.40 0.09 21.47 31.04 10.42 1.90 Ukraine 2.55 39.59 0.07 9.25 12.41 28.15 1.65 Major Importers 5/ 36.25 252.53 137.73 294.50 376.97 13.24 36.30 European Union 6/ 14.16 155.46 15.87 119.91 159.41 11.45 14.62 Japan 1.74 0.23 16.98 13.45 17.29 0.00 1.66 Mexico 4.14 32.66 17.15 30.34 49.84 0.51 3.60 N. Afr & Mideast 7/ 7.69 32.62 38.77 63.16 71.37 0.71 7.01 Saudi Arabia 1.72 0.14 10.03 10.22 10.55 0.00 1.33 Southeast Asia 8/ 3.80 31.12 22.65 43.43 51.72 0.57 5.29 South Korea 2.02 0.22 11.80 9.47 12.01 0.00 2.04 Selected Other China 200.96 269.08 50.53 220.95 313.11 0.01 207.46 2021/22 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 322.94 1,503.40 230.29 913.39 1,492.26 253.04 334.08 World Less China 115.48 1,222.54 188.79 685.57 1,172.23 253.04 124.30 United States 34.01 397.71 2.59 148.73 326.28 70.46 37.58 Total Foreign 288.92 1,105.69 227.70 764.67 1,165.98 182.59 296.49 Major Exporters 4/ 19.41 332.81 9.77 141.56 187.84 148.61 25.54 Argentina 2.06 59.16 0.01 13.12 18.74 40.00 2.48 Australia 2.98 19.22 0.00 5.84 7.71 10.95 3.53 Brazil 4.60 120.62 3.25 63.59 75.68 48.30 4.50 Canada 3.63 25.12 6.40 17.50 25.79 5.65 3.71 Russia 1.90 38.54 0.10 22.23 31.11 7.58 1.85 Ukraine 1.65 53.51 0.02 11.95 15.08 32.93 7.17 Major Importers 5/ 36.30 248.49 138.89 288.52 372.11 15.29 36.28 European Union 6/ 14.62 154.77 21.35 120.45 160.33 13.72 16.69 Japan 1.66 0.24 16.52 13.09 16.83 0.00 1.59 Mexico 3.60 32.79 18.56 31.05 50.77 0.25 3.93 N. Afr & Mideast 7/ 7.01 29.37 40.57 61.03 69.78 0.69 6.49 Saudi Arabia 1.33 0.15 8.28 8.02 8.35 0.00 1.41 Southeast Asia 8/ 5.29 30.90 17.34 41.11 49.48 0.63 3.42 South Korea 2.04 0.19 11.63 9.26 11.79 0.00 2.07 Selected Other China 207.46 280.85 41.50 227.83 320.03 0.01 209.77 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World import s and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected Nor th Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2023 WASDE - 635 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Mar 332.91 1,439.62 213.56 891.75 1,450.09 215.11 322.44 Apr 334.08 1,436.29 213.04 891.28 1,448.36 213.88 322.01 World Less China Mar 123.14 1,154.12 181.41 663.40 1,130.54 215.06 114.62 Apr 124.30 1,150.79 180.79 662.86 1,128.73 213.83 114.16 United States Mar 37.58 358.47 3.50 137.99 313.56 49.42 36.57 Apr 37.58 358.47 3.18 137.87 313.28 49.38 36.56 Total Foreign Mar 295.33 1,081.15 210.06 753.77 1,136.53 165.69 285.87 Apr 296.49 1,077.82 209.87 753.41 1,135.07 164.51 285.45 Major Exporters 4/ Mar 24.32 320.54 3.05 138.19 184.99 138.18 24.74 Apr 25.54 319.90 3.16 139.24 186.15 138.05 24.39 Argentina Mar 2.48 48.71 0.01 10.46 16.17 32.70 2.33 Apr 2.48 45.71 0.01 10.46 16.17 29.70 2.33 Australia Mar 3.53 18.67 0.00 6.12 8.00 10.78 3.43 Apr 3.53 18.67 0.00 5.97 7.85 10.83 3.53 Brazil Mar 4.28 129.54 1.80 65.50 77.99 50.03 7.60 Apr 4.50 129.54 1.81 65.50 77.99 50.03 7.82 Canada Mar 3.71 30.54 1.05 17.12 24.79 6.48 4.03 Apr 3.71 30.54 1.15 17.12 24.89 6.43 4.08 Russia Mar 1.85 41.77 0.10 23.57 33.02 8.77 1.94 Apr 1.85 44.13 0.10 24.78 34.25 9.62 2.22 Ukraine Mar 6.17 34.16 0.00 8.02 11.15 26.03 3.16 Apr 7.17 34.16 0.00 8.02 11.13 28.05 2.16 Major Importers 5/ Mar 36.35 231.91 138.25 281.55 363.43 10.88 32.20 Apr 36.28 229.99 137.98 280.41 362.15 10.17 31.92 European Union 6/ Mar 16.77 135.61 25.61 117.28 155.78 8.47 13.74 Apr 16.69 133.85 26.93 117.29 155.69 8.28 13.50 Japan Mar 1.59 0.25 16.47 12.85 16.75 0.00 1.56 Apr 1.59 0.25 16.47 12.85 16.75 0.00 1.55 Mexico Mar 3.93 33.49 17.97 31.34 50.96 0.60 3.83 Apr 3.93 33.44 17.97 31.84 51.56 0.20 3.58 N. Afr & Mideast 7/ Mar 6.49 31.43 37.26 59.71 67.98 0.94 6.28 Apr 6.49 31.47 36.07 58.60 66.75 0.83 6.46 Saudi Arabia Mar 1.40 0.19 8.71 8.75 9.11 0.00 1.20 Apr 1.41 0.14 8.41 8.42 8.75 0.00 1.21 Southeast Asia 8/ Mar 3.41 30.71 16.76 38.55 47.05 0.88 2.94 Apr 3.42 30.61 16.66 38.35 46.85 0.87 2.96 South Korea Mar 2.08 0.15 11.10 8.74 11.22 0.00 2.11 Apr 2.07 0.16 11.10 8.74 11.22 0.00 2.11 Selected Other China Mar 209.77 285.50 32.15 228.35 319.55 0.05 207.82 Apr 209.77 285.50 32.25 228.43 319.63 0.05 207.85 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Austr alia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2023 WASDE - 635 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 307.42 1,129.42 184.86 723.87 1,144.01 182.70 292.83 World Less China 106.89 868.75 155.35 520.87 859.01 182.70 87.12 United States 48.76 358.45 0.62 142.43 306.69 69.78 31.36 Total Foreign 258.66 770.98 184.24 581.45 837.33 112.93 261.47 Major Exporters 4/ 13.37 200.12 2.92 91.02 113.82 93.55 9.04 Argentina 3.62 52.00 0.01 9.50 13.50 40.94 1.18 Brazil 5.33 87.00 2.85 59.50 70.00 21.02 4.15 Russia 0.83 13.87 0.04 8.90 10.00 3.99 0.75 South Africa 2.12 16.95 0.01 7.22 13.22 3.73 2.12 Ukraine 1.48 30.30 0.02 5.90 7.10 23.86 0.83 Major Importers 5/ 20.79 132.43 92.89 164.27 219.53 4.79 21.78 Egypt 1.73 6.40 9.63 13.90 16.40 0.01 1.36 European Union 6/ 7.38 67.44 14.49 57.20 77.70 3.74 7.88 Japan 1.39 0.01 15.48 12.00 15.45 0.00 1.42 Mexico 3.52 27.35 16.50 25.60 43.80 0.48 3.08 Southeast Asia 7/ 3.79 31.07 20.69 41.65 49.70 0.57 5.28 South Korea 2.00 0.09 11.71 9.42 11.78 0.00 2.02 Selected Other Canada 2.56 13.56 1.58 8.59 13.98 1.56 2.17 China 200.53 260.67 29.51 203.00 285.00 0.00 205.70 2021/22 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2 / Exports Ending Stocks World 3/ 292.83 1,217.00 184.59 748.88 1,202.92 205.67 306.91 World Less China 87.12 944.45 162.70 539.88 911.92 205.67 97.77 United States 31.36 382.89 0.62 145.31 317.12 62.78 34.98 Total Foreign 261.47 834.11 183.97 603.57 885.81 142.90 271.93 Major Exporters 4/ 9.04 238.99 2.67 96.30 119.40 116.86 14.44 Argentina 1.18 49.50 0.01 10.90 14.80 34.40 1.49 Brazil 4.15 116.00 2.60 59.50 70.50 48.28 3.97 Russia 0.75 15.23 0.05 10.00 11.10 4.00 0.93 South Africa 2.12 16.14 0.00 7.20 13.10 3.20 1.96 Ukraine 0.83 42.13 0.02 8.70 9.90 26.98 6.09 Major Importers 5/ 21.78 136.59 94.37 168.12 223.67 6.88 22.18 Egypt 1.36 7.44 9.76 14.50 17.00 0.00 1.56 European Union 6/ 7.88 71.37 19.78 62.30 83.10 6.00 9.93 Japan 1.42 0.01 15.01 11.70 15.05 0.00 1.39 Mexico 3.08 26.76 17.57 25.80 44.00 0.25 3.16 Southeast Asia 7/ 5.28 30.85 16.16 40.10 48.25 0.63 3.41 South Korea 2.02 0.09 11.52 9.22 11.57 0.00 2.06 Selected Other Canada 2.17 14.61 6.14 12.17 17.98 2.19 2.75 China 205.70 272.55 21.88 209.00 291.00 0.00 209.14 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2023 WASDE - 635 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Mar 305.69 1,147.52 174.48 726.98 1,156.75 174.71 296.46 Apr 306.91 1,144.50 173.97 726.94 1,156.06 173.79 295.35 World Less China Mar 96.55 870.32 156.48 510.98 859.75 174.69 89.14 Apr 97.77 867.30 155.97 510.94 859.06 173.77 88.03 United States Mar 34.98 348.75 1.27 133.99 303.93 46.99 34.08 Apr 34.98 348.75 1.02 133.99 303.67 46.99 34.08 Total Foreign Mar 270.71 798.77 173.21 592.99 852.83 127.72 262.38 Apr 271.93 795.75 172.95 592.95 852.39 126.80 261.27 Major Exporters 4/ Mar 13.22 222.70 1.36 91.60 115.40 108.20 13.68 Apr 14.44 221.53 1.36 92.40 116.20 108.00 13.13 Argentina Mar 1.49 40.00 0.01 8.00 12.00 28.00 1.49 Apr 1.49 37.00 0.01 8.00 12.00 25.00 1.49 Brazil Mar 3.75 125.00 1.30 61.50 73.00 50.00 7.05 Apr 3.97 125.00 1.30 61.50 73.00 50.00 7.27 Russia Mar 0.93 14.00 0.05 9.80 10.90 3.30 0.78 Apr 0.93 15.83 0.05 10.60 11.70 4.10 1.01 South Africa Mar 1.96 16.70 0.00 7.30 13.30 3.40 1.96 Apr 1.96 16.70 0.00 7.30 13.30 3.40 1.96 Ukraine Mar 5.09 27.00 0.00 5.00 6.20 23.50 2.39 Apr 6.09 27.00 0.00 5.00 6.20 25.50 1.39 Major Importers 5/ Mar 22.20 120.07 95.70 160.40 215.00 3.69 19.28 Apr 22.18 118.75 95.10 159.20 213.90 3.27 18.86 Egypt Mar 1.56 7.44 9.00 13.70 16.20 0.01 1.79 Apr 1.56 7.44 7.50 12.20 14.70 0.00 1.80 European Union 6/ Mar 9.94 54.20 23.50 58.50 78.10 2.20 7.34 Apr 9.93 52.97 24.50 58.50 78.10 2.20 7.10 Japan Mar 1.39 0.01 15.00 11.50 15.00 0.00 1.40 Apr 1.39 0.01 15.00 11.50 15.00 0.00 1.40 Mexico Mar 3.16 27.60 17.20 26.00 44.20 0.60 3.16 Apr 3.16 27.60 17.20 26.50 44.80 0.20 2.96 Southeast Asia 7/ Mar 3.40 30.66 15.70 37.70 45.95 0.88 2.93 Apr 3.41 30.56 15.60 37.50 45.75 0.87 2.95 South Korea Mar 2.06 0.08 11.00 8.70 11.05 0.00 2.09 Apr 2.06 0.09 11.00 8.70 11.05 0.00 2.10 Selected Other Canada Mar 2.75 14.54 1.00 9.00 14.20 1.60 2.49 Apr 2.75 14.54 1.10 9.00 14.30 1.60 2.49 China Mar 209.14 277.20 18.00 216.00 297.00 0.02 207.32 Apr 209.14 277.20 18.00 216.00 297.00 0.02 207.32 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2023 WASDE - 635 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 181.64 509.32 46.46 503.65 51.17 187.31 World Less China 65.14 361.02 42.25 353.36 48.94 70.81 United States 0.91 7.22 1.08 4.86 2.97 1.39 Total Foreign 180.73 502.10 45.38 498.79 48.20 185.92 Major Exporters 4/ 40.93 191.63 2.01 149.20 38.55 46.82 Burma 1.01 12.60 0.00 10.40 1.90 1.31 India 33.90 124.37 0.00 101.05 20.22 37.00 Pakistan 0.94 8.42 0.01 3.60 3.88 1.89 Thailand 3.90 18.86 0.20 12.70 6.28 3.98 Vietnam 1.18 27.38 1.80 21.45 6.27 2.64 Major Importers 5/ 127.84 240.06 17.08 255.44 2.71 126.82 China 116.50 148.30 4.22 150.29 2.22 116.50 European Union 6/ 0.92 1.83 1.78 3.40 0.45 0.68 Indonesia 3.31 34.50 0.65 35.40 0.00 3.06 Nigeria 1.49 5.15 2.20 7.15 0.00 1.69 Philippines 2.55 12.42 2.20 14.80 0.00 2.36 Sel. Mideast 7/ 1.22 2.31 3.28 5.85 0.00 0.95 Selected Other Brazil 0.84 8.00 0.63 7.35 0.95 1.17 C. Amer & Carib 8/ 0.68 1.59 1.62 3.28 0.04 0.57 Egypt 1.23 4.00 0.23 4.30 0.01 1.16 Japan 1.98 7.57 0.65 8.15 0.11 1.94 Mexico 0.17 0.20 0.81 0.96 0.02 0.20 South Korea 1.14 3.51 0.43 4.00 0.05 1.02 2021/22 Est. Beginning Stocks Productio n Imports Total /2 Domestic Exports Ending Stocks World 3/ 187.31 513.85 54.45 519.16 56.77 182.00 World Less China 70.81 364.86 48.50 362.80 54.69 69.00 United States 1.39 6.08 1.20 4.80 2.61 1.26 Total Foreign 185.92 507.77 53.25 514.36 54.16 180.74 Major Exporters 4/ 46.82 197.79 1.63 158.90 43.94 43.41 Burma 1.31 12.35 0.00 10.40 2.37 0.90 India 37.00 129.47 0.00 110.45 22.03 34.00 Pakistan 1.89 9.32 0.01 3.75 4.82 2.65 Thailand 3.98 19.88 0.13 12.80 7.68 3.50 Vietnam 2.64 26.77 1.50 21.50 7.05 2.35 Major Importers 5/ 126.82 242.00 22.40 263.11 2.54 125.57 China 116.50 148.99 5.95 156.36 2.08 113.00 European Union 6/ 0.68 1.73 2.43 3.50 0.41 0.93 Indonesia 3.06 34.40 0.72 35.30 0.00 2.88 Nigeria 1.69 5.26 2.45 7.35 0.00 2.05 Philippines 2.36 12.54 3.60 15.40 0.00 3.10 Sel. Mideast 7/ 0.95 2.15 4.29 6.15 0.00 1.24 Selected Other Brazil 1.17 7.34 0.93 7.15 1.39 0.90 C. Amer & Carib 8/ 0.57 1.62 1.68 3.26 0.04 0.58 Egypt 1.16 2.90 0.61 4.05 0.01 0.61 Japan 1.94 7.64 0.69 8.20 0.12 1.95 Mexico 0.20 0.18 0.81 0.97 0.01 0.21 South Korea 1.02 3.88 0.44 3.95 0.05 1.33 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. April 2023 WASDE - 635 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Mar 183.44 509.83 53.69 519.95 54.90 173.32 Apr 182.00 509.42 54.31 520.05 55.69 171.37 World Less China Mar 70.44 363.88 48.19 365.00 52.70 66.02 Apr 69.00 363.47 49.31 365.10 53.59 64.47 United States Mar 1.26 5.09 1.33 4.67 1.87 1.15 Apr 1.26 5.09 1.27 4.79 1.94 0.89 Total Foreign Mar 182.18 504.74 52.36 515.28 53.03 172.18 Apr 180.74 504.33 53.04 515.25 53.76 170.48 Major Exporters 4/ Mar 43.36 198.30 1.26 159.65 43.70 39.57 Apr 43.41 198.30 1.26 159.40 44.30 39.27 Burma Mar 0.90 12.50 0.00 10.30 2.40 0.71 Apr 0.90 12.50 0.00 10.30 2.40 0.71 India Mar 34.00 132.00 0.00 111.00 22.50 32.50 Apr 34.00 132.00 0.00 111.00 22.50 32.50 Pakistan Mar 2.65 6.60 0.01 3.80 3.80 1.66 Apr 2.65 6.60 0.01 3.80 3.80 1.66 Thailand Mar 3.50 20.20 0.15 13.00 8.20 2.65 Apr 3.50 20.20 0.15 12.80 8.50 2.55 Vietnam Mar 2.31 27.00 1.10 21.55 6.80 2.06 Apr 2.35 27.00 1.10 21.50 7.10 1.85 Major Importers 5/ Mar 127.00 238.46 21.60 263.17 2.64 121.26 Apr 125.57 238.21 22.60 263.65 2.54 120.20 China Mar 113.00 145.95 5.50 154.95 2.20 107.30 Apr 113.00 145.95 5.00 154.95 2.10 106.90 European Union 6/ Mar 0.92 1.27 2.65 3.55 0.40 0.89 Apr 0.93 1.34 2.65 3.55 0.40 0.97 Indonesia Mar 2.86 34.60 0.75 35.25 0.00 2.96 Apr 2.88 34.00 1.75 35.30 0.00 3.33 Nigeria Mar 2.05 5.04 2.30 7.45 0.00 1.94 Apr 2.05 5.04 2.30 7.45 0.00 1.94 Philippines Mar 4.50 12.41 3.60 15.75 0.00 4.76 Apr 3.10 12.41 3.60 15.80 0.00 3.31 Sel. Mideast 7/ Mar 1.29 2.24 4.15 6.33 0.00 1.36 Apr 1.24 2.02 4.40 6.40 0.00 1.26 Selected Other Brazil Mar 0.86 6.94 0.90 7.05 1.10 0.54 Apr 0.90 6.80 0.90 6.90 1.10 0.60 C. Amer & Carib 8/ Mar 0.59 1.54 1.74 3.27 0.03 0.56 Apr 0.58 1.54 1.74 3.26 0.04 0.56 Egypt Mar 0.61 3.60 0.55 4.10 0.01 0.66 Apr 0.61 3.60 0.45 4.00 0.01 0.66 Japan Mar 1.98 7.45 0.69 8.20 0.12 1.79 Apr 1.95 7.48 0.69 8.20 0.12 1.80 Mexico Mar 0.21 0.18 0.80 0.97 0.01 0.21 Apr 0.21 0.18 0.80 0.97 0.01 0.21 South Korea Mar 1.33 3.76 0.42 4.00 0.06 1.46 Apr 1.33 3.76 0.42 4.00 0.06 1.46 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. April 2023 WASDE - 635 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2020/21 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 98.21 111.50 48.68 123.31 48.83 -0.06 86.30 World Less China 61.87 81.90 35.82 82.31 48.82 -0.06 48.51 United States 7.25 14.61 3/ 2.40 16.35 -0.04 3.15 Total Foreign 90.96 96.89 48.68 120.91 32.48 -0.02 83.15 Major Exporters 4/ 40.16 53.81 1.60 35.05 27.92 -0.08 32.68 Central Asia 5/ 3.74 5.48 0.03 4.27 2.03 0.00 2.94 Afr. Fr. Zone 6/ 2.50 4.84 3/ 0.10 5.49 0.00 1.74 S. Hemis. 7/ 17.63 15.55 0.13 4.03 13.66 -0.09 15.71 Australia 1.20 2.80 3/ 0.01 1.58 -0.10 2.51 Brazil 14.40 10.82 0.01 3.10 11.01 0.00 11.12 India 15.68 27.60 0.84 26.00 6.19 0.00 11.94 Major Importers 8/ 48.28 39.87 44.66 81.78 3.10 0.06 47.87 Mexico 0.71 1.02 0.93 1.70 0.49 0.02 0.45 China 36.34 29.60 12.86 41.00 0.01 0.00 37.79 European Union 9/ 0.66 1.70 0.56 0.59 1.96 0.00 0.37 Turkey 2.77 2.90 5.33 7.70 0.59 0.00 2.71 Pakistan 3.12 4.50 5.40 10.80 0.03 0.03 2.17 Indonesia 0.64 3/ 2.31 2.45 0.01 0.00 0.50 Thailand 0.10 3/ 0.60 0.61 0.00 0.01 0.08 Bangladesh 2.52 0.15 8.30 8.50 0.00 0.01 2.45 Vietnam 1.10 3/ 7.29 7.30 0.00 0.00 1.09 2021/22 Est. Beginning Stocks Productio n Imports Domestic Use Exports Loss /2 Ending Stocks World 86.30 116.01 42.69 116.29 42.86 -0.37 86.23 World Less China 48.51 89.21 34.85 82.54 42.74 -0.37 47.66 United States 3.15 17.52 0.01 2.55 14.62 -0.24 3.75 Total Foreign 83.15 98.49 42.69 113.74 28.24 -0.12 82.48 Major Exporters 4/ 32.68 55.59 1.60 34.24 24.03 -0.18 31.78 Central Asia 5/ 2.94 5.15 0.05 4.32 1.46 0.00 2.37 Afr. Fr. Zone 6/ 1.74 5.98 3/ 0.10 6.01 -0.01 1.61 S. Hemis. 7/ 15.71 19.65 0.19 4.35 12.45 -0.18 18.94 Australia 2.51 5.85 3/ 0.01 3.58 -0.19 4.96 Brazil 11.12 11.72 0.02 3.30 7.73 0.00 11.84 India 11.94 24.40 1.00 25.00 3.74 0.00 8.60 Major Importers 8/ 47.87 39.65 38.69 75.23 2.93 0.06 48.00 Mexico 0.45 1.22 0.96 1.85 0.40 0.01 0.37 China 37.79 26.80 7.84 33.75 0.12 0.00 38.56 European Union 9/ 0.37 1.67 0.64 0.62 1.77 0.00 0.30 Turkey 2.71 3.80 5.52 8.70 0.57 0.00 2.77 Pakistan 2.17 6.00 4.50 10.70 0.05 0.03 1.89 Indonesia 0.50 3/ 2.58 2.60 0.01 0.00 0.46 Thailand 0.08 3/ 0.75 0.73 0.00 0.01 0.10 Bangladesh 2.45 0.15 8.20 8.50 0.00 0.01 2.29 Vietnam 1.09 3/ 6.63 6.70 0.00 0.00 1.02 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on suppl y less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regi ons listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. April 2023 WASDE - 635 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2022/23 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Mar 86.11 115.09 39.58 110.11 39.60 -0.07 91.15 Apr 86.23 115.92 38.83 110.17 38.86 -0.07 92.01 World Less China Mar 47.55 85.59 32.08 74.11 39.47 -0.07 51.71 Apr 47.66 85.42 31.58 73.67 38.74 -0.07 52.32 United States Mar 3.75 14.68 0.01 2.10 12.00 0.04 4.30 Apr 3.75 14.68 0.01 2.10 12.20 0.04 4.10 filler filler filler filler filler filler filler Total Foreign Mar 82.36 100.41 39.57 108.01 27.60 -0.11 86.85 Apr 82.48 101.24 38.83 108.07 26.66 -0.11 87.91 Major Exporters 4/ Mar 31.68 55.70 2.31 31.23 23.46 -0.17 35.16 Apr 31.78 55.36 2.28 31.16 22.54 -0.17 35.89 Central Asia 5/ Mar 2.37 5.20 0.05 3.92 1.42 0.00 2.28 Apr 2.37 5.20 0.05 3.92 1.42 0.00 2.28 Afr. Fr. Zone 6/ Mar 1.61 4.79 3/ 0.10 4.70 0.00 1.60 Apr 1.61 4.79 3/ 0.10 4.60 0.00 1.70 S. Hemis. 7/ Mar 18.84 20.67 0.16 4.15 14.75 -0.18 20.95 Apr 18.94 20.32 0.16 4.15 14.33 -0.18 21.12 Australia Mar 4.86 5.50 3/ 0.01 6.10 -0.19 4.44 Apr 4.96 5.50 3/ 0.01 6.30 -0.19 4.34 filler filler filler filler filler filler filler Brazil Mar 11.84 13.30 0.02 3.20 7.70 0.00 14.25 Apr 11.84 13.00 0.02 3.20 7.15 0.00 14.50 India Mar 8.60 24.50 1.70 22.50 2.20 0.00 10.10 Apr 8.60 24.50 1.75 22.50 1.80 0.00 10.55 Major Importers 8/ Mar 48.00 41.43 34.94 72.70 2.86 0.07 48.75 Apr 48.00 42.50 34.16 72.76 2.85 0.07 48.98 Mexico Mar 0.37 1.40 0.90 1.80 0.50 0.01 0.36 Apr 0.37 1.40 0.90 1.80 0.50 0.01 0.36 China Mar 38.56 29.50 7.50 36.00 0.13 0.00 39.44 Apr 38.56 30.50 7.25 36.50 0.13 0.00 39.69 European Union 9/ Mar 0.30 1.57 0.56 0.58 1.50 0.00 0.34 Apr 0.30 1.64 0.56 0.59 1.49 0.00 0.42 Turkey Mar 2.77 4.90 4.20 7.70 0.70 0.01 3.46 Apr 2.77 4.90 4.00 7.50 0.70 0.01 3.46 Pakistan Mar 1.89 3.90 4.30 8.60 0.03 0.03 1.44 Apr 1.89 3.90 4.30 8.60 0.03 0.03 1.44 Indonesia Mar 0.46 3/ 1.80 1.90 0.01 0.00 0.36 Apr 0.46 3/ 1.75 1.85 0.01 0.00 0.36 Thailand Mar 0.10 3/ 0.70 0.70 0.00 0.01 0.09 Apr 0.10 3/ 0.73 0.73 0.00 0.01 0.09 Bangladesh Mar 2.29 0.16 7.70 8.10 0.00 0.01 2.04 Apr 2.29 0.15 7.40 7.90 0.00 0.01 1.94 Vietnam Mar 1.02 3/ 6.30 6.30 0.00 0.00 1.03 Apr 1.02 3/ 6.30 6.30 0.00 0.00 1.03 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on suppl y less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso , Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. April 2023 WASDE - 635 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 95.10 368.60 165.49 315.82 363.97 164.86 100.35 World Less China 70.49 349.00 65.75 222.82 251.23 164.79 69.21 United States 14.28 114.75 0.54 58.26 60.91 61.67 6.99 Total Foreign 80.82 253.85 164.95 257.57 303.06 103.20 93.36 Major Exporters 3/ 47.84 197.34 5.92 90.08 100.76 94.95 55.39 Argentina 26.65 46.20 4.82 40.16 47.41 5.20 25.06 Brazil 20.42 139.50 1.02 46.50 49.71 81.65 29.58 Paraguay 0.57 9.64 0.02 3.33 3.43 6.33 0.48 Major Importers 4/ 27.94 23.25 133.35 122.04 149.75 0.27 34.53 China 24.61 19.60 99.74 93.00 112.74 0.07 31.15 European Union 1.72 2.60 14.79 15.80 17.36 0.19 1.56 Southeast Asia 1.00 0.59 9.64 4.74 10.02 0.01 1.19 Mexico 0.37 0.25 6.10 6.20 6.25 0.00 0.46 2021/22 Est. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 100.35 359.80 156.59 313.81 363.00 154.02 99.73 World Less China 69.21 343.40 65.02 226.31 255.40 153.91 68.32 United States 6.99 121.53 0.43 59.98 62.77 58.72 7.47 Total Foreign 93.36 238.27 156.16 253.83 300.23 95.29 92.26 Major Exporters 3/ 55.39 181.82 4.43 91.83 102.47 87.26 51.91 Argentina 25.06 43.90 3.84 38.83 46.04 2.86 23.90 Brazil 29.58 130.50 0.54 50.71 53.96 79.06 27.60 Paraguay 0.48 4.18 0.04 2.20 2.25 2.27 0.18 Major Importers 4/ 34.53 20.22 123.79 116.34 143.86 0.42 34.26 China 31.15 16.40 91.57 87.50 107.60 0.10 31.40 European Union 1.56 2.77 14.55 15.40 16.97 0.29 1.62 Southeast Asia 1.19 0.53 8.26 4.45 9.27 0.02 0.69 Mexico 0.46 0.29 5.96 6.35 6.40 0.00 0.30 2022/23 Proj. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ Mar 99.00 375.15 165.39 320.04 371.13 168.40 100.01 Apr 99.73 369.64 164.76 315.20 365.83 168.00 100.29 World Less China Mar 67.60 354.87 69.39 228.04 257.83 168.30 65.73 Apr 68.32 349.36 68.76 224.20 253.53 167.90 65.01 United States Mar 7.47 116.38 0.41 60.42 63.69 54.84 5.72 Apr 7.47 116.38 0.41 60.42 63.69 54.84 5.72 Total Foreign Mar 91.53 258.77 164.99 259.62 307.44 113.56 94.29 Apr 92.26 253.26 164.35 254.78 302.14 113.16 94.57 Major Exporters 3/ Mar 51.19 198.10 8.02 91.54 101.15 104.50 51.66 Apr 51.91 192.20 9.07 88.79 98.40 103.60 51.18 Argentina Mar 23.90 33.00 7.25 35.25 40.95 3.40 19.80 Apr 23.90 27.00 8.30 32.00 37.70 3.40 18.10 Brazil Mar 26.89 153.00 0.75 52.75 56.40 92.70 31.54 Apr 27.60 154.00 0.75 53.25 56.90 92.70 32.75 Paraguay Mar 0.18 10.00 0.01 3.45 3.58 6.40 0.21 Apr 0.18 10.00 0.01 3.45 3.58 6.40 0.21 Major Importers 4/ Mar 34.20 23.66 129.53 120.50 149.84 0.37 37.18 Apr 34.26 23.63 129.56 119.64 148.84 0.37 38.23 China Mar 31.40 20.28 96.00 92.00 113.30 0.10 34.28 Apr 31.40 20.28 96.00 91.00 112.30 0.10 35.28 European Union Mar 1.55 2.47 13.90 14.65 16.23 0.25 1.44 Apr 1.62 2.44 13.90 14.65 16.23 0.25 1.48 Southeast Asia Mar 0.69 0.50 9.88 4.85 10.20 0.02 0.86 Apr 0.69 0.50 9.76 4.89 10.10 0.02 0.84 Mexico Mar 0.30 0.19 6.40 6.50 6.55 0.00 0.34 Apr 0.30 0.18 6.40 6.50 6.55 0.00 0.33 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includ es Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to rounding. April 2023 WASDE - 635 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 16.17 248.17 65.16 244.32 69.45 15.73 World Less China 16.17 174.52 65.08 171.65 68.40 15.73 United States 0.31 45.87 0.71 34.18 12.41 0.31 Total Foreign 15.86 202.30 64.45 210.15 57.05 15.42 Major Exporters 3/ 6.54 75.37 0.26 28.33 47.30 6.54 Argentina 2.57 31.32 0.00 3.28 28.33 2.29 Brazil 3.77 36.05 0.02 19.20 16.58 4.06 India 0.20 8.00 0.24 5.85 2.40 0.19 Major Importers 4/ 3.28 22.86 37.54 59.54 1.23 2.91 European Union 0.79 12.48 16.50 28.39 0.85 0.54 Mexico 0.18 4.90 1.85 6.73 0.01 0.20 Southeast Asia 5/ 2.26 3.69 17.35 20.81 0.37 2.12 China 0.00 73.66 0.07 72.68 1.05 0.00 2021/22 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 15.73 246.19 66.92 243.79 68.75 16.30 World Less China 15.73 176.89 66.87 174.92 68.26 16.30 United States 0.31 47.01 0.59 35.35 12.27 0.28 Total Foreign 15.42 199.19 66.33 208.44 56.48 16.02 Major Exporters 3/ 6.54 76.39 0.79 29.16 47.74 6.83 Argentina 2.29 30.29 0.14 3.33 26.59 2.80 Brazil 4.06 39.31 0.01 19.55 20.21 3.62 India 0.19 6.80 0.65 6.29 0.94 0.41 Major Importers 4/ 2.91 22.60 38.56 60.03 1.12 2.92 European Union 0.54 12.17 16.70 28.04 0.77 0.60 Mexico 0.20 5.02 1.83 6.88 0.02 0.15 Southeast Asia 5/ 2.12 3.47 18.33 21.48 0.33 2.11 China 0.00 69.30 0.06 68.87 0.48 0.00 2022/23 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Mar 14.26 251.47 64.30 248.88 68.18 12.96 Apr 16.30 247.61 62.77 247.20 65.88 13.60 World Less China Mar 14.26 178.61 64.25 176.36 67.78 12.96 Apr 16.30 175.53 62.72 175.27 65.68 13.60 United States Mar 0.28 47.66 0.54 35.74 12.43 0.32 Apr 0.28 47.62 0.59 35.74 12.43 0.32 Total Foreign Mar 13.97 203.81 63.75 213.13 55.76 12.65 Apr 16.02 199.99 62.18 211.45 53.45 13.29 Major Exporters 3/ Mar 6.60 76.13 0.12 29.90 47.20 5.75 Apr 6.83 73.98 0.12 29.90 45.00 6.03 Argentina Mar 2.80 27.50 0.00 3.33 24.90 2.07 Apr 2.80 24.96 0.00 3.33 22.40 2.03 Brazil Mar 3.40 40.88 0.02 19.85 21.10 3.34 Apr 3.62 41.26 0.02 19.85 21.40 3.65 India Mar 0.41 7.76 0.10 6.73 1.20 0.34 Apr 0.41 7.76 0.10 6.73 1.20 0.34 Major Importers 4/ Mar 1.77 22.38 38.10 59.47 1.09 1.68 Apr 2.92 22.47 37.30 59.39 1.01 2.29 European Union Mar 0.74 11.57 16.40 27.39 0.78 0.55 Apr 0.60 11.58 16.00 27.04 0.70 0.43 Mexico Mar 0.15 5.14 1.85 6.95 0.01 0.18 Apr 0.15 5.14 1.85 6.95 0.01 0.18 Southeast Asia 5/ Mar 0.77 3.79 18.00 21.44 0.31 0.81 Apr 2.11 3.80 17.75 21.74 0.30 1.63 China Mar 0.00 72.86 0.05 72.51 0.40 0.00 Apr 0.00 72.07 0.05 71.92 0.20 0.00 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ Includes Japan. 5/ Indonesia, Malaysi a, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. April 2023 WASDE - 635 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 5.38 59.27 11.78 58.45 12.62 5.36 World Less China 4.60 42.61 10.55 40.85 12.58 4.33 United States 0.84 11.35 0.14 10.58 0.79 0.97 Total Foreign 4.54 47.92 11.64 47.88 11.83 4.39 Major Exporters 3/ 1.51 20.51 0.74 12.49 9.03 1.25 Argentina 0.55 7.93 0.00 2.04 6.14 0.30 Brazil 0.48 8.95 0.25 7.95 1.26 0.47 European Union 0.44 3.00 0.49 2.43 1.07 0.44 Major Importers 4/ 1.52 19.93 6.79 26.35 0.21 1.68 China 0.78 16.67 1.23 17.60 0.04 1.03 India 0.18 1.80 3.25 4.95 0.01 0.27 North Africa 5/ 0.45 1.00 1.63 2.59 0.13 0.36 2021/22 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 5.36 59.14 11.51 59.24 12.24 4.54 World Less China 4.33 43.46 11.22 42.59 12.13 4.30 United States 0.97 11.86 0.14 11.26 0.80 0.90 Total Foreign 4.39 47.28 11.37 47.98 11.44 3.63 Major Exporters 3/ 1.25 20.77 0.59 12.59 8.62 1.39 Argentina 0.30 7.66 0.09 2.66 4.87 0.52 Brazil 0.47 9.76 0.03 7.45 2.41 0.41 European Union 0.44 2.93 0.46 2.41 0.97 0.45 Major Importers 4/ 1.68 18.83 6.60 26.10 0.28 0.74 China 1.03 15.68 0.29 16.65 0.11 0.24 India 0.27 1.53 4.23 5.83 0.02 0.19 North Africa 5/ 0.36 1.19 1.39 2.52 0.14 0.29 2022/23 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Mar 4.43 60.21 10.94 59.35 11.82 4.40 Apr 4.54 59.27 10.29 58.70 11.20 4.20 World Less China Mar 4.19 43.72 9.94 42.25 11.73 3.87 Apr 4.30 42.97 9.49 42.00 11.11 3.65 United States Mar 0.90 11.88 0.14 11.82 0.23 0.88 Apr 0.90 11.88 0.14 11.82 0.23 0.88 Total Foreign Mar 3.52 48.33 10.81 47.54 11.60 3.52 Apr 3.63 47.39 10.15 46.88 10.97 3.33 Major Exporters 3/ Mar 1.35 20.57 0.53 12.59 8.76 1.09 Apr 1.39 20.02 0.53 12.61 8.16 1.17 Argentina Mar 0.52 6.97 0.00 2.34 4.75 0.40 Apr 0.52 6.32 0.00 2.34 4.10 0.41 Brazil Mar 0.35 10.16 0.08 7.90 2.35 0.34 Apr 0.41 10.26 0.08 7.93 2.40 0.41 European Union Mar 0.46 2.78 0.45 2.28 1.08 0.33 Apr 0.45 2.79 0.45 2.28 1.08 0.33 Major Importers 4/ Mar 0.72 19.95 6.30 25.76 0.21 1.00 Apr 0.74 19.57 5.91 25.17 0.20 0.84 China Mar 0.24 16.49 1.00 17.10 0.09 0.54 Apr 0.24 16.31 0.80 16.70 0.09 0.56 India Mar 0.18 1.75 3.15 4.94 0.02 0.13 Apr 0.19 1.75 3.15 4.94 0.02 0.13 North Africa 5/ Mar 0.26 1.19 1.55 2.62 0.11 0.28 Apr 0.29 1.11 1.36 2.53 0.09 0.13 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and European Union. 4/ China, India, Bangl adesh, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. April 2023 WASDE - 635 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2021 Annual 27,948 27,675 55,815 44,899 5,558 50,995 106,810 9,298 226.3 2022 I 7,022 6,904 13,972 11,170 1,374 12,678 26,650 2,319 56.3 II 7,069 6,639 13,755 11,279 1,275 12,697 26,452 2,218 57.8 III 7,147 6,533 13,725 11,896 1,264 13,312 27,037 2,259 56.4 IV 7,053 6,919 14,018 11,861 1,310 13,310 27,328 2,277 55.9 Annual Mar Est. 28,290 26,994 55,469 46,206 5,222 51,997 107,467 9,074 226.5 Apr Est. 28,290 26,994 55,469 46,206 5,222 51,997 107,467 9,074 226.5 2023 I 6,820 7,065 13,929 11,500 1,360 13,000 26,929 2,220 56.9 II* 6,675 6,640 13,361 11,600 1,380 13,120 26,481 2,280 58.4 III* 6,795 6,590 13,431 12,000 1,420 13,565 26,996 2,355 56.9 IV* 6,485 7,065 13,597 11,800 1,425 13,355 26,952 2,430 56.5 Annual Mar Proj. 26,665 27,410 54,259 46,750 5,585 52,885 107,144 9,330 228.5 Apr Proj. 26,775 27,360 54,317 46,900 5,585 53,040 107,357 9,285 228.7 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2021 Annual 122.40 67.29 101.2 122.8 118.5 18.53 2022 I 139.25 65.55 135.1 131.4 170.8 24.93 II 141.93 75.58 167.5 143.9 251.6 27.10 III 143.42 80.20 136.1 165.4 295.6 24.80 IV 152.99 63.49 123.5 177.5 411.7 25.40 Annual Mar Est. 144.40 71.21 140.5 154.5 282.4 25.56 Apr Est. 144.40 71.21 140.5 154.5 282.4 25.56 2023 I 160.90 54.83 124.5 170.8 315.9 21.90 II* 169.00 60.00 137.0 170.0 200.0 19.95 III* 162.00 67.00 130.0 170.0 165.0 19.85 IV* 167.00 62.00 130.0 175.0 175.0 20.80 Annual Mar Proj. 162.0 66.0 127.0 162.0 212.0 20.45 Apr Proj. 164.5 61.0 130.5 171.5 214.0 20.65 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51-52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. April 2023 WASDE - 635 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2021 716 28,016 3,346 32,078 3,441 676 27,962 58.9 2022 Est. Mar 676 28,358 3,391 32,425 3,536 723 28,165 59.1 Apr 676 28,358 3,391 32,425 3,536 723 28,165 59.1 2023 Proj. Mar 723 26,733 3,425 30,881 3,090 640 27,151 56.7 Apr 723 26,843 3,500 31,066 3,135 640 27,291 57.0 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2021 467 27,690 1,180 29,337 7,026 446 21,865 51.1 2022 Est. Mar 446 27,009 1,344 28,799 6,338 504 21,957 51.1 Apr 446 27,009 1,344 28,799 6,338 504 21,957 51.1 2023 Proj. Mar 504 27,425 1,005 28,934 6,350 535 22,049 51.0 Apr 504 27,375 1,065 28,944 6,380 530 22,034 51.0 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2021 1,217 55,906 4,890 62,014 10,470 1,147 50,397 111.5 2022 Est. Mar 1,147 55,561 5,093 61,801 9,880 1,256 50,666 111.6 Apr 1,147 55,561 5,093 61,801 9,880 1,256 50,666 111.6 2023 Proj. Mar 1,256 54,350 4,797 60,403 9,446 1,201 49,757 109.2 Apr 1,256 54,409 4,910 60,575 9,521 1,199 49,855 109.3 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2021 830 44,419 155 45,403 7,355 705 37,343 96.5 2022 Est. Mar 705 45,711 176 46,593 7,278 892 38,423 98.9 Apr 705 45,711 176 46,593 7,278 892 38,423 98.9 2023 Proj. Mar 892 46,250 160 47,302 7,315 860 39,127 100.2 Apr 892 46,398 60 47,351 7,360 880 39,111 100.2 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2021 223 5,558 22 5,804 548 166 5,090 15.3 2022 Est. Mar 166 5,222 85 5,473 408 190 4,876 14.6 Apr 166 5,222 85 5,473 408 190 4,876 14.6 2023 Proj. Mar 190 5,585 120 5,895 360 200 5,335 15.9 Apr 190 5,585 39 5,814 370 200 5,244 15.6 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2021 1,057 50,514 180 51,751 7,947 874 42,930 113.3 2022 Est. Mar 874 51,502 268 52,645 7,715 1,087 43,843 115.2 Apr 874 51,502 268 52,645 7,715 1,087 43,843 115.2 2023 Proj. Mar 1,087 52,384 286 53,758 7,691 1,065 45,002 117.8 Apr 1,087 52,538 105 53,729 7,746 1,085 44,898 117.4 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2021 2,274 106,420 5,070 113,765 18,418 2,021 93,327 224.8 2022 Est. Mar 2,021 107,064 5,362 114,446 17,595 2,343 94,509 226.8 Apr 2,021 107,064 5,362 114,446 17,595 2,343 94,509 226.8 2023 Proj. Mar 2,343 106,735 5,083 114,161 17,137 2,266 94,758 226.9 Apr 2,343 106,946 5,015 114,304 17,267 2,284 94,753 226.8 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. April 2023 WASDE - 635 - 33 U.S. Egg Supply and Use Commodity 2020 2021 2022 Est. 2022 Est. 2023 Proj. 2023 Proj. Mar Apr Mar Apr Eggs Million Dozen Supply Beginning Stocks 31.6 24.5 19.1 19.1 18.8 18.8 Production 9,295.5 9,297.9 9,073.8 9,073.8 9,330.0 9,285.0 Imports 15.5 18.2 25.9 25.9 26.0 22.5 Total Supply 9,342.6 9,340.6 9,118.8 9,118.8 9,374.8 9,326.3 Use Exports 344.0 392.2 226.5 226.5 240.0 196.0 Hatching Use 1,078.4 1,103.9 1,117.9 1,117.9 1,125.0 1,126.0 Ending Stocks 24.5 19.1 18.8 18.8 21.0 21.0 Disappearance Total 7,895.6 7,825.4 7,755.7 7,755.7 7,988.8 7,983.3 Per Capita (number) 285.6 282.5 279.0 279.0 285.9 285.7 Total U.S. Milk Supply and Use Commodity 2020 2021 2022 Est. 2022 Est. 2023 Proj. 2023 Proj. Mar Apr Mar Apr Milk Billion Pounds Production 223.3 226.3 226.5 226.5 228.5 228.7 Farm Use 1.1 1.0 1.1 1.1 1.1 1.1 Fat Basis Supply Beginning Stocks 13.6 15.6 14.3 14.3 14.4 14.4 Marketings 222.2 225.3 225.4 225.4 227.5 227.6 Imports 6.8 6.5 7.1 7.1 7.4 7.7 Total Supply 242.6 247.4 246.8 246.8 249.2 249.7 Fat Basis Use Exports 9.3 11.5 13.4 13.4 13.0 12.2 Ending Stocks 15.6 14.3 14.4 14.4 14.6 14.6 Domestic Use 217.8 221.5 219.0 219.0 221.6 222.8 Skim -solid Basis Supply Beginning Stocks 10.2 10.9 11.1 11.1 11.7 11.7 Marketings 222.2 225.3 225.4 225.4 227.5 227.6 Imports 5.6 5.8 6.7 6.7 6.5 6.9 Total Supply 238.0 241.9 243.2 243.2 245.6 246.2 Skim -solid Basis Use Exports 47.2 50.8 52.5 52.5 51.9 50.7 Ending Stocks 10.9 11.1 11.7 11.7 12.2 12.2 Domestic Use 179.9 180.1 179.0 179.0 181.5 183.3 Total Dairy domestic use for 2020 includes additional milk marketed but not processed. Note: Totals may not add due to rounding. April 2023 WASDE - 635 - 34 U.S. Dairy Prices Commodity 2020 2021 2022 Est. 2022 Est. 2023 Proj. 2023 Proj. Mar Apr Mar Apr Product Prices 1/ Dollars Per Pound Cheese 1.9236 1.6755 2.1122 2.1122 1.810 1.855 Butter 1.5808 1.7325 2.8665 2.8665 2.335 2.420 Nonfat Dry Milk 1.0417 1.2693 1.6851 1.6851 1.230 1.165 Dry Whey 0.3621 0.5744 0.6035 0.6035 0.390 0.425 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 18.16 17.08 21.94 21.94 17.55 18.25 Class IV 13.49 16.09 24.47 24.47 18.30 18.10 All Milk 3/ 18.13 18.53 25.56 25.56 20.45 20.65 All prices are January -December averages. 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation. April 2023 WASDE - 635 - 35 Reliability of April Projections 1/ Note: Tables on pages 35 -37 present a record of the April projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0.5 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 0.8 percent. Th e average difference between the April projection and the final estimate is 2 million tons, ranging from 0.1 million to 6.8 million tons. The April projection has been below the estimate 27 times and above 14 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 0.5 0.8 2.0 0.1 6.8 27 14 U.S. 0.2 0.3 0.1 0.0 0.3 19 11 Foreign 0.5 0.9 2.0 0.2 6.8 27 14 Exports World 3.9 6.5 4.2 0.4 14.3 32 9 U.S. 2.5 4.2 0.6 0.0 2.1 18 22 Foreign 5.0 8.3 4.2 0.1 13.3 32 9 Domestic Use World 0.7 1.2 3.4 0.1 9.4 19 22 U.S. 3.1 5.2 0.7 0.0 2.2 15 26 Foreign 0.7 1.2 3.2 0.0 9.6 19 21 Ending Stocks World 3.1 5.3 4.1 0.0 14.5 28 12 U.S. 8.0 13.5 0.9 0.0 4.1 26 15 Foreign 3.4 5.8 3.6 0.0 12.6 29 11 COARSE GRAINS 2/ Production World 1.1 1.8 9.1 0.3 42.1 33 8 U.S. 0.2 0.3 0.2 0.0 1.8 17 10 Foreign 1.5 2.5 9.2 0.3 42.1 33 8 Exports World 4.6 7.7 4.8 0.1 21.8 29 12 U.S. 6.5 11.0 2.7 0.0 7.2 23 18 Foreign 7.3 12.3 4.7 0.3 21.2 31 10 Domestic Use World 0.9 1.5 6.5 0.0 20.3 18 23 U.S. 2.3 3.8 3.1 0.1 16.8 15 26 Foreign 1.0 1.7 6.3 0.2 22.7 24 17 Ending Stocks World 9.5 16.0 12.3 0.2 144.9 35 6 U.S. 11.0 18.4 3.6 0.0 12.1 19 22 Foreign 12.0 20.2 10.7 0.5 144.9 35 6 RICE, milled Production World 1.3 2.1 3.3 0.0 13.3 33 8 U.S. 1.3 2.2 0.0 0.0 0.2 11 5 Foreign 1.3 2.1 3.3 0.0 13.3 33 8 Exports World 7.9 13.2 1.6 0.1 4.5 32 9 U.S. 6.3 10.5 0.1 0.0 0.5 18 20 Foreign 8.7 14.6 1.5 0.0 4.4 32 9 Domestic Use World 1.1 1.8 3.1 0.1 13.7 29 12 U.S. 7.0 11.7 0.2 0.0 0.5 16 24 Foreign 1.1 1.8 3.1 0.2 13.4 29 12 Ending Stocks World 8.0 13.5 4.4 0.1 26.1 28 13 U.S. 18.4 31.0 0.2 0.0 0.4 24 17 Foreign 8.3 14.0 4.5 0.1 26.1 27 14 1/ Footnotes at end of table. CONTINUED April 2023 WASDE - 635 - 36 Reliability of April Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 1.6 2.7 2.6 0.2 7.9 24 17 U.S. 1.4 2.3 0.7 0.0 3.2 18 16 Foreign 2.7 4.5 2.3 0.0 8.1 26 15 Exports World 5.0 8.4 2.8 0.1 13.2 25 16 U.S. 5.5 9.3 1.4 0.0 6.3 28 13 Foreign 11.3 19.1 2.5 0.2 15.9 22 19 Domestic Use World 1.8 3.0 2.7 0.0 10.3 22 19 U.S. 2.2 3.7 0.9 0.1 2.4 26 15 Foreign 2.1 3.6 2.4 0.0 10.4 20 21 Ending Stocks World 11.3 19.0 3.5 0.3 13.2 24 17 U.S. 34.8 58.5 1.7 0.1 6.8 16 25 Foreign 12.3 20.8 3.2 0.0 12.8 27 14 COTTON Million 480 -Pound Bales Production World 1.7 2.8 1.2 0.0 5.2 29 11 U.S. 0.3 0.5 0.0 0.0 0.2 17 16 Foreign 2.0 3.3 1.2 0.0 5.1 28 12 Exports World 4.3 7.2 1.1 0.1 4.2 26 15 U.S. 4.6 7.8 0.4 0.0 1.4 18 20 Foreign 5.4 9.1 0.9 0.1 3.9 25 16 Domestic Use World 2.3 3.8 1.7 0.0 8.5 23 18 U.S. 6.3 10.6 0.2 0.0 0.8 19 17 Foreign 2.2 3.8 1.6 0.2 7.8 23 18 Ending Stocks World 6.9 11.5 2.9 0.0 8.3 27 14 U.S. 14.0 23.6 0.4 0.0 1.6 17 24 Foreign 7.3 12.3 2.8 0.1 8.0 25 16 1/ Marketing years 1981/82 through 2021/22 for grains, soybeans (U.S. only), and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2020/21, and for 2021/22 the last mon th’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. April 2023 WASDE - 635 - 37 Reliability of United States April Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 0.2 0.3 6 0 72 1 5 Exports 6.6 11.1 98 13 248 20 21 Domestic Use 2.1 3.6 109 5 474 16 25 Ending Stocks 12.5 21.1 143 3 470 19 22 SORGHUM Production 0.1 0.2 0 0 4 0 2 Exports 11.6 19.5 20 0 72 27 13 Domestic Use 9.8 16.4 22 0 158 16 23 Ending Stocks 38.0 64.0 20 0 148 18 22 BARLEY Production 1.0 1.6 1 0 11 20 4 Exports 14.5 24.5 3 0 13 11 24 Domestic Use 5.5 9.2 11 0 64 19 19 Ending Stocks 12.6 21.2 12 0 52 25 15 OATS Production 0.4 0.7 0 0 2 5 4 Exports 32.5 54.7 0 0 3 7 6 Domestic Use 3.9 6.6 8 0 26 12 26 Ending Stocks 14.3 24.0 9 1 30 26 15 SOYBEAN MEAL Thousand Short Tons Production 2.6 4.5 825 35 2,667 30 11 Exports 7.9 13.3 548 25 2,326 31 10 Domestic Use 2.1 3.6 501 100 2,066 28 13 Ending Stocks 34.2 57.6 69 0 253 15 24 SOYBEAN OIL Million Pounds Production 2.6 4.4 392 15 1,058 30 11 Exports 16.7 28.1 232 0 777 27 13 Domestic Use 1.9 3.2 246 0 576 23 17 Ending Stocks 17.1 28.7 236 5 753 27 14 ANIMAL PROD. Million Pounds Beef 2.3 3.9 481 19 1,388 26 15 Pork 2.1 3.6 309 10 983 24 17 Broilers 1.3 2.3 313 6 1,006 28 13 Turkeys 2.6 4.4 105 3 398 19 22 Million Dozen Eggs 1.6 2.7 90 4 433 28 13 Billion Pounds Milk 1.1 1.9 1.4 0.0 5.2 20 20 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2021/22 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2021/22. Calendar years 1982 through 2021 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2021. WASDE- 635-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricult ural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. IPAD is located at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ Click to receive WASDE -related notifications b y email Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at [email protected] World Agricultural Supply and Demand Estimates WASDE -635 – April 11, 2023 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 626 Approved by the World Agricultural Outlook Board July 12, 2022 WHEAT: The outlook for 2022/23 U.S. wheat this month is for larger supplies, domestic use, exports, and ending stocks. Supplies are raised on increased production, which is up 44 million bushels to 1,781 million, on an increase in harvested area and higher yields. The first 2022 survey -based production forecast for other spring and Durum indicated a large increase from last year’s drought -reduc ed output at 503 million and 77 million bushels, respectively. Winter wheat production is also forecast higher at 1,201 million bushels on an increase in harvested area. The 2022/23 export forecast is raised 25 million bushels to 800 million as the recent decline in U.S. prices makes exports more competitive in international markets. The projected season- average farm price (SAFP) is lowered $0.25 per bushel to $10.50 on declines in futures and cash prices. The 2022/23 global wheat outlook is for fewer supplies, reduced consumption, higher exports, and increased stocks. Supplies are reduced 1.1 million tons to 1,051.7 million as less production is partially offset by larger beginning stocks. Production is revised lower for the EU, Ukraine, and Argentina, which is only partially offset by upward revisions for Canada, the United States, and Russia. EU production is lowered 2.0 million tons to 134.1 million, as ongoing dry weather lowered yield prospects primarily in Spain, Italy, and Germany. Ukraine production is lowered 2.0 million tons to 19.5 million on a reduction in harvested area, as indicated by government statistics. Production in Canada is increased 1.0 million tons to 34.0 million on the Statistics Canada Principal Field Crop Areas survey show ing higher planted area than intentions. Projected 2022/23 global trade is raised 0.9 million tons to 205.5 million as higher exports from Canada and the United States are only partially offset by lower exports from Argentina and the EU. World consumption is lowered 1.8 million tons to 784.2 million, primarily on reduced feed and residual use in the EU and Ukraine. Projected 2022/23 world ending stocks are raised 0.7 million tons to 267.5 million but remain the lowest since 2016/17. COARSE GRAINS: This month’s 2022/23 U.S. corn outlook is for larger supplies and higher ending stocks. Corn beginning stocks are raised 25 million bushels, based on reduced feed and residual use for 2021/22 as indicated in the June 30 Grain Stocks report. Corn producti on for 2022/23 is forecast 45 million bushels higher based on greater planted and harvested area from the June 30 Acreage report. The yield is unchanged at 177.0 bushels per acre. With no use changes, ending stocks are up 70 million bushels. The season- average farm price received by producers is lowered 10 cents to $6.65 per bushel. This month’s 2022/23 foreign coarse grain outlook is for lower production and use, and larger stocks relative to last month. Foreign corn production is down, with reductions for Russia, the EU, and Kenya partially offset by an increase for Paraguay. Russia corn production is lowered reflecting a cut in area. EU corn production is reduced with a forecast decline for Italy. For 2021/22, corn production is raised for Paraguay with increases to both area and yield. Foreign barley production for 2022/23 is lowered with reductions for Canada and the EU. Major global trade changes for 2022/23 include larger corn exports for Paraguay with a reduction for Russia. Corn imports are raised for Zimbabwe. Barley exports are lowered for Canada and WASDE- 626-2 the EU. Foreign corn ending stocks are up marginally relative to last month. Global corn stocks, at 313.0 million tons, are up 2.5 million tons relative to last month. RICE : The outlook for 2022/23 U.S. rice this month is for slightly larger supplies, higher domestic use, lower exports, and larger ending stocks. Supplies are raised slightly as increased beginning stocks and imports more than offset lower production. Beginning stocks are higher on increased imports and lower exports for 2021/22. All rice production for the 2022 crop is reduced 8.2 million cwt to 174.5 million with most of the reduction in medium - and short -grain. The NASS Acreage report showed California, the leading medium - and short -grain producing state, with the lowest rice acreage since 1958 on limited water allocations. All rice imports are raised to a record 43.0 million cwt on reduced domestic supplies of medium - and shor t-grain and on the trend of higher Asian aromatic long- grain imports expected to continue. Domestic and residual use is raised to 145.0 million cwt due to record imports. All rice exports are reduced 3.0 million cwt to 79.0 million on reduced supplies of U.S. grown rice. Projected 2022/23 ending stocks are raised to 35.5 million cwt but are still down 16 percent from last year. The season- average farm price (SAFP) for all rice is raised $0.40 per cwt to a record $18.20, all on a higher California medium - and short -grain SAFP. The 2022/23 global outlook is for lower supplies, consumption, and stocks with higher trade. Supplies are reduced 1.3 million tons to 701.4 million primarily on lower beginning stocks for India and Pakistan and reduced production from the EU and United States. EU production is forecast at the lowest level since 1995/96 on severe drought conditions in Italy and Spain, the two largest rice producing countries in the EU . World 2022/23 consumption is reduced by 0.6 million tons to 518.6 million, still a record . Global 2022/23 trade is raised 0.4 million tons to 54.6 million on higher exports by Pakistan and Cambodia. Projected 2022/23 world ending stocks are reduced by 0.7 million tons to 182.8 million, primarily on reductions for India and Pakistan. OILSEEDS: U.S. oilseed production for 2022/23 is projected at 132.7 million tons, down 3.9 million from last month with reductions for soybeans, canola, peanuts, and cottonseed partly offset by an increase for sunflowerseed. Soybean production is projected at 4.5 billion bushels, down 135 million on lower harvested area. Harvested area, forecast at 87.5 million acres in the June 30 Acreage report, is down 2.6 million from last month. The soybean yield forecast is unchanged at 51.5 bushels per acre. With lower production partly offset by higher beginning stocks, 2022/23 soybean supplies are reduced 125 million bushels. Soybean crush is reduced 10 million bushels reflecting a lower soybean meal export forecast. Soybean exports are reduced 65 million bushels to 2.14 billion on lower U.S. supplies, increased South American supplies, and lower global imports. With lower supplies only partly offset by reduced use, ending stocks for 2022/23 are projected at 230 million bushels, down 50 million from last month. The U.S. season- average soybean price for 2022/23 is forecast at $14. 40 per bushel, down $0.30 from last month. The soybean meal price is projected at $390.00 per short ton, down $10.00. The soybean oil price forecast of 69.0 cents per pound is down 1 cent. The 2022/23 global oilseed supply and demand forecasts include lower production, lower exports, higher crush, and lower ending stocks compared to last month. Global oilseed production is reduced 3.7 million tons to 643.1 million on lower soybean, rapeseed, cottonseed, and peanut production with higher sunflowerseed production partly offsetting. Soybean production is lowered for Canada based on the latest plantings report from Statistics Canada. European Union rapeseed production is lowered 0.4 million tons to 17.9 million based on continued dry conditions especially in France and Germany. Russian sunflowerseed production WASDE- 626-3 is increased 1.0 million tons to 15.5 million, mainly on higher area shown in government planting progress reports. The 2022/23 global soybean ending stocks are reduced slightly to 99.6 million tons as higher stocks for Argentina are more than offset by lower stocks for the United States, Brazil, and China. Notable changes for 2021/22 include reduced soybean crush and imports for China, and increased soybean production, imports, crush, and ending stocks for Argentina. SUGAR: Estimated U.S. ending sugar stocks for 2021/22 are increased 64,410 short tons, raw value (STRV) to 1,781,774, as an increase in supply is only partially offset by an increase in use. USDA estimates imports to increase by 217,197 STRV. On July 1, the Department of Commerce increased the 2021/22 Mexico export limit by 135,000 STRV. This is counted as “Additional U.S. Needs Sugar” that has a polarity of less than 99.5 degrees, meaning that it is considered as raw sugar. All of this sugar is projected to enter in 2021/22. Last week USDA increased the 2021/22 raw sugar TRQ by 99,999 STRV and also extended the period for this sugar to enter the United States until the end of October. Although USTR has not yet allocated the TRQ to supplying countries, USDA projects that 38,270 STRV will enter in September for 2021/22 and 55,115 will enter in October for 2022/23 with the remainder adding to the raw sugar TRQ shortfall. USDA increased its estimate of high- tier tariff imports by 43,927 STRV to 278,436 on additional high- duty raw sugar entering in June and on an increase in the expected pace of high- duty refined sugar entering for the remainder of the year. Other than imports, supply is slightly decreased by a reduction in Florida cane sugar production only partially offset by a small increase in beet sugar production as reported by processors. A partial offset to the supply increase comes from a 150,000 STRV increase in deliveries for human consumption to 12,600,000. The delivery pace for the first 8 months of the fiscal year is up 3.9 percent compared with the same period average for the 5 preceding years. The strong pace of deliveries is expected to continue into 2022/23 for a period of time and is presently projected to add 75,000 STRV to bring the total up to 12,525,000. Projected beet sugar production in 2022/23 is increased by 124,335 STRV to 4,933,728 based on the 3.1 percent increase in NASS estimated planted area in the June 30 Acreage report over that indicated in Prospective Plantings at the end of March. Most notably , area planted in the Upper Midwest is estimated 7.4 percent higher than in Prospective Plantings as additional area was planted to compensate for expected low yields due to delays in planting in May. Sugarbeet harvested area is projected at 1,146,100 acres, up 3.5 percent over last year. Yield and recovery parameters, as well as August -September production (500,000 STRV), are unchanged from last month. Imports for 2022/23 are projected at 3,501,025 STRV, an increase of 487,829 over last month. As indicated above, some of the increase is due to additional raw sugar entering in October from the increase in the 2021/22 raw sugar TRQ. Sugar entering under the 2022/23 TRQs is still projected at the minimum levels with the WTO and FTA bindings and with a raw sugar TRQ shortfall projected at 99,208 STRV. To date there has been no announcement regarding additional specialty TRQ sugar. Given these aforementioned 2022/23 projections and under the terms of the AD/CVD Suspension Agreements, sugar imported from Mexico would be expected to be projected at a level resulting in an ending U.S. stocks -to-use ratio of 13.5 percent assuming sufficient Mexican sugar for export after meeting domestic requirements in Mexico. Because USDA is not making any changes to Mexico supply and use projections for 2022/23 at this time, the implied maximum sugar available for export to the U.S. is projected at 1,756,180 STRV. This WASDE- 626-4 is less than the 1,900,775 STRV needed to a result in ending stocks of 1,709,775 for a 13.5 percent stocks -to-use ratio. LIVESTOCK, POULTRY, AND DAIRY : The forecast for 2022 red meat and poultry production is lowered slightly from last month as lower pork and broiler is partly offset by higher beef and turkey forecasts. Pork production is lowered on a slower -than- expected pace of slaughter in June and lower expected second- half carcass weights. Broiler production is lowered on second quarter slaughter data but is partly offset by higher expected production in the third quarter. Beef production is raised for the second half with lower expected carcass we ights and lower third - quarter slaughter more than offset by higher fourth- quarter slaughter . Turkey production is forecast higher based on hatchery data. Egg production is raised from last month based on recent production data. For 2023, the red meat and poultry production forecast is raised. Pork production is raised based on 2022 second-half farrowing intentions reported in USDA’s Quarterly Hogs and Pigs report, and expectations that farrowings in the first half of 2023 will be modestly higher. The beef forecast is lowered slightly on lower expected carcass weights in early 2023. USDA’s Cattle report, scheduled for July 22, will provide an indication of producer intentions for heifer retention and the 2022 calf crop. Broiler, turkey, and egg forecasts are unchanged from last month . Beef import forecasts for 2022 and 2023 are unchanged from last month while the export forecasts are raised for both years on firm international demand. Pork import forecasts are raised for both 2022 and 2023 on the current pace of trade and firm U.S. demand. Exports are reduced for 2022 but expected strength in foreign demand early in 2023 supports a slight increase in exports for that year. Broiler and turkey exports for 2022 are raised on recent data; no changes are made to 2023 forecasts. Cattle price forecasts for 2022 are raised on reported second quarter prices and expected strength of packer demand in the third quarter; forecasts for 2023 prices are unchanged. The 2022 hog price forecast is raised on second- quarter prices, but no changes are made to second- half forecasts. For 2023, hog prices are lowered on the higher production forecast. The broiler price forecast for 2022 is lowered on current price data; no change is made to the 2023 broiler price forecast. Turkey price forecasts for 2022 and 2023 are raised on current prices and expectations of continued demand strength. The 2022 and 2023 egg price forecasts are raised on current price strength. Milk production forecasts for 2022 and 2023 are lowered from last month due to slower expected grow th in milk per cow. USDA’s Cattle report, to be released July 22 , will provide a mid -year estimate of the dairy cow inventory and producer intentions regarding retention of heifers for dairy cow replacement. Imports on a fat basis are raised for 2022 on stronger expected imports of butterfat containing products and several other dairy products, but imports on a skim solids -basis are unchanged. No changes are made to the 2023 import forecasts of fats and skim -solids. Exports on both a skim -solids and a fat bas is are also raised for 2022, reflecting stronger expected exports of butter, cheese, whey, skim milk powder, and lactose. The forecast for 2023 fat -basis exports is unchanged from last month but is raised on a skim solids -basis with expectations of higher skim milk powder exports carrying into 2023. WASDE- 626-5 The 2022 butter price forecast is raised from last month on firm demand, and the cheese price forecast is lowered on continued large stocks. The forecasts for nonfat dry milk (NDM) and whey prices are unchanged. With a lower cheese price, the Class III price is lowered while the Class IV price is raised due to higher butter prices. The all milk price for 2022 is lowered to $26.15 per cwt. For 2023, forecasts for cheese, butter, and NDM are raised on expected lower production, but the price forecast for whey is lowered on expected weaker international prices. With higher cheese, butter prices, and NDM prices, the Class III and Class IV price forecasts are raised. The 2023 all milk price forecast is raised to $24.15 per cwt. COTTON : The U.S. 2022/23 cotton projections show lower production, exports, and ending stocks compared with last month. While the June 30 Acreage report shows nearly 250,000 additional acres planted than in the previous NASS survey, harvested area is forecast nearly 600,000 acres lower this month. Continued below -average precipitation— primarily in Texas — means abandonment is projected higher this month, nearly 4 times the previous year’s level. U.S. production is projected 1 million bales lower than in June, at 15.5 million. U.S. exports are also projected lower, down 500,000 bales to 14.0 million reflecting both lower U.S. production and a reduction in world trade. At 2.4 million bales, 2022/23 U.S. ending stocks are now expected to be 1 million bales lower than in 2021/22. For the global 2022/23 cotton balance sheet, ending stocks are higher than projected in June, despite a 1.2 million bale cut to expected production. Beginning stocks are higher, as 2021/22 consumption is cut nearly 2.0 million bales and projected consumption in 2022/23 is also reduced by 1.6 million. While China accounts for half of the month -to-month decline in 2021/22 consumption , the change in 2022/23 consumption is spread over 4 major consumers: China, India, Bangladesh, and Vietnam. Brazil is the only country besides the United States to have its 2022/23 production reduced. World trade is cut 1.1 million bales, with reduced imports by China, Bangladesh, and Vietnam. Brazil’s exports are 500,000 bales lower, partly reflecting low er expected production there in 2021/22. Global ending stocks are projected 1.5 million bales higher than in June, and about equal to the 2021/22 level. Approved by the Secretary of Agriculture and by the Chairman of the World Agricultural Outlook Board, Mark Jekanowski, (202) 720- 6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: GLORIA MONTAÑO GREENE SECRETARY OF AGRICULTURE DESIGNATE WASDE- 626-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone, ICEC Chair, WAOB, [email protected] Andrew Sowell , ERS; Rachel Trego, FAS; Pete Riley, FPAC. Rice: Mark Simone, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS; Pete Riley , FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Todd Hubbs , ERS; Kevin Min, FAS. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Maria Bukowski, ERS; Bill George, FAS; Gustavo Ferreira, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; Graham Soley, FAS; Kent Lanclos, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Vida Abadam, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Jacob Vuillemin, FAS; Georgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICEC C hair, WAOB, [email protected] Peyton Ferrier, AMS; Grace Grossen, ERS; Claire Mezoughem, FAS; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Angel Teran, ERS; Jacob Vuillemin, FAS; Georgi Gabrielyan, FPAC. In 2022 the WASDE report will be released on Aug 12, Sep 12, Oct 12, Nov 9, and Dec 9. WASDE- 626-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Producti on .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 July 2022 WASDE - 626 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2020/21 2724.09 3541.90 488.11 2739.56 802.34 2021/22 (Est.) 2796.23 3598.52 501.76 2793.42 805.10 filler filler filler filler filler 2022/23 (Proj.) Jun 2767.97 3570.98 486.34 2785.00 785.98 2022/23 (Proj.) Jul 2763.60 3568.69 486.74 2780.51 788.19 filler filler filler filler filler Wheat 2020/21 775.71 1073.92 203.34 782.30 291.63 2021/22 (Est.) 779.03 1070.61 200.07 790.51 280.10 filler filler filler filler filler 2022/23 (Proj.) Jun 773.43 1052.83 204.59 785.99 266.85 2022/23 (Proj.) Jul 771.64 1051.74 205.47 784.22 267.52 filler filler filler filler filler Coarse Grains 5/ 2020/21 1439.10 1776.53 233.84 1453.71 322.81 2021/22 (Est.) 1503.64 1826.45 247.54 1488.10 338.36 filler filler filler filler filler 2022/23 (Proj.) Jun 1479.19 1815.49 227.56 1479.80 335.69 2022/23 (Proj.) Jul 1477.20 1815.56 226.66 1477.65 337.91 filler filler filler filler filler Rice, milled 2020/21 509.29 691.46 50.93 503.55 187.90 2021/22 (Est.) 513.56 701.46 54.14 514.82 186.64 filler filler filler filler filler 2022/23 (Proj.) Jun 515.35 702.65 54.20 519.22 183.44 2022/23 (Proj.) Jul 514.76 701.40 54.61 518.63 182.76 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2020/21 429.86 516.87 107.45 351.02 58.40 2021/22 (Est.) 449.59 514.41 94.34 359.67 60.40 filler filler filler filler filler 2022/23 (Proj.) Jun 435.17 501.71 92.08 353.00 56.63 2022/23 (Proj.) Jul 436.77 504.25 92.67 353.20 58.38 filler filler filler filler filler Wheat 2020/21 49.75 80.46 26.99 30.48 23.00 2021/22 (Est.) 44.79 70.38 21.88 30.53 17.96 filler filler filler filler filler 2022/23 (Proj.) Jun 47.26 68.35 21.09 30.21 17.05 2022/23 (Proj.) Jul 48.47 69.42 21.77 30.26 17.39 filler filler filler filler filler Coarse Grains 5/ 2020/21 372.89 427.19 77.48 315.70 34.01 2021/22 (Est.) 398.71 435.33 69.80 324.42 41.11 filler filler filler filler filler 2022/23 (Proj.) Jun 382.10 425.13 68.39 318.25 38.50 2022/23 (Proj.) Jul 382.76 426.59 68.39 318.33 39.87 filler filler filler filler filler Rice, milled 2020/21 7.22 9.22 2.98 4.85 1.39 2021/22 (Est.) 6.09 8.70 2.65 4.72 1.33 filler filler filler filler filler 2022/23 (Proj.) Jun 5.80 8.23 2.60 4.54 1.09 2022/23 (Proj.) Jul 5.54 8.24 2.51 4.60 1.13 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). July 2022 WASDE - 626 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2020/21 2,294.23 3,025.03 380.67 2,388.54 743.94 2021/22 (Est.) 2,346.64 3,084.10 407.42 2,433.75 744.69 filler filler filler filler filler 2022/23 (Proj.) Jun 2,332.80 3,069.27 394.26 2,432.01 729.35 2022/23 (Proj.) Jul 2,326.83 3,064.44 394.07 2,427.30 729.81 filler filler filler filler filler Wheat 2020/21 725.96 993.46 176.36 751.82 268.62 2021/22 (Est.) 734.24 1,000.23 178.19 759.97 262.14 filler filler filler filler filler 2022/23 (Proj.) Jun 726.17 984.48 183.49 755.78 249.80 2022/23 (Proj.) Jul 723.17 982.32 183.69 753.95 250.13 filler filler filler filler filler Coarse Grains 5/ 2020/21 1,066.21 1,349.33 156.36 1,138.01 288.80 2021/22 (Est.) 1,104.93 1,391.12 177.74 1,163.67 297.25 filler filler filler filler filler 2022/23 (Proj.) Jun 1,097.09 1,390.36 159.17 1,161.55 297.20 2022/23 (Proj.) Jul 1,094.44 1,388.97 158.27 1,159.32 298.04 filler filler filler filler filler Rice, milled 2020/21 502.06 682.24 47.95 498.71 186.51 2021/22 (Est.) 507.47 692.76 51.49 510.10 185.31 filler filler filler filler filler 2022/23 (Proj.) Jun 509.55 694.42 51.60 514.67 182.35 2022/23 (Proj.) Jul 509.22 693.16 52.11 514.03 181.64 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2020/21 111.48 209.13 48.50 121.69 88.07 2021/22 (Est.) 116.22 204.29 43.93 119.79 84.04 filler filler filler filler filler 2022/23 (Proj.) Jun 121.27 204.21 47.48 121.54 82.77 2022/23 (Proj.) Jul 120.07 204.10 46.38 119.92 84.26 filler filler filler filler filler United States 2020/21 14.61 21.86 16.35 2.40 3.15 2021/22 (Est.) 17.52 20.68 14.75 2.55 3.40 filler filler filler filler filler 2022/23 (Proj.) Jun 16.50 19.91 14.50 2.50 2.90 2022/23 (Proj.) Jul 15.50 18.91 14.00 2.50 2.40 filler filler filler filler filler Foreign 4/ 2020/21 96.87 187.27 32.14 119.29 84.92 2021/22 (Est.) 98.69 183.61 29.18 117.24 80.64 filler filler filler filler filler 2022/23 (Proj.) Jun 104.77 184.31 32.98 119.04 79.87 2022/23 (Proj.) Jul 104.57 185.20 32.38 117.42 81.86 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. July 2022 WASDE - 626 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2020/21 606.44 718.50 191.45 507.89 115.00 2021/22 (Est.) 600.33 715.33 177.74 510.24 107.63 filler filler filler filler filler 2022/23 (Proj.) Jun 646.82 751.71 196.95 528.30 119.95 2022/23 (Proj.) Jul 643.07 750.70 195.37 529.42 118.51 filler filler filler filler filler Oilmeals 2020/21 348.14 368.24 96.87 343.96 18.48 2021/22 (Est.) 349.05 367.53 95.37 344.10 17.87 filler filler filler filler filler 2022/23 (Proj.) Jun 362.24 379.91 97.18 355.27 18.72 2022/23 (Proj.) Jul 362.74 380.61 97.36 355.83 18.56 filler filler filler filler filler Vegetable Oils 2020/21 206.51 235.79 85.33 204.90 27.67 2021/22 (Est.) 210.98 238.66 81.08 206.89 27.71 filler filler filler filler filler 2022/23 (Proj.) Jun 217.72 245.37 88.04 212.26 29.12 2022/23 (Proj.) Jul 218.21 245.91 87.92 212.12 29.55 filler filler filler filler filler United States Output Total Supply Trade Total Use 2 / Ending Stocks Oilseeds 2020/21 124.52 141.69 62.64 62.66 8.64 2021/22 (Est.) 130.54 140.32 60.04 63.89 7.52 filler filler filler filler filler 2022/23 (Proj.) Jun 136.60 144.97 60.89 65.76 9.32 2022/23 (Proj.) Jul 132.67 141.38 59.05 65.51 7.91 filler filler filler filler filler Oilmeals 2020/21 48.25 53.01 12.71 39.92 0.39 2021/22 (Est.) 49.11 53.13 12.63 40.06 0.44 filler filler filler filler filler 2022/23 (Proj.) Jun 50.64 54.92 13.30 41.08 0.54 2022/23 (Proj.) Jul 50.46 54.73 12.93 41.26 0.54 filler filler filler filler filler Vegetable Oils 2020/21 12.70 18.86 1.04 16.53 1.29 2021/22 (Est.) 13.05 19.64 1.06 17.36 1.22 filler filler filler filler filler 2022/23 (Proj.) Jun 13.43 20.09 0.87 18.07 1.15 2022/23 (Proj.) Jul 13.39 20.08 0.87 18.09 1.12 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2020/21 481.92 576.81 128.81 445.24 106.37 2021/22 (Est.) 469.79 575.01 117.70 446.35 100.11 filler filler filler filler filler 2022/23 (Proj.) Jun 510.22 606.74 136.06 462.54 110.63 2022/23 (Proj.) Jul 510.40 609.31 136.32 463.91 110.60 filler filler filler filler filler Oilmeals 2020/21 299.90 315.23 84.16 304.04 18.09 2021/22 (Est.) 299.94 314.40 82.74 304.04 17.43 filler filler filler filler filler 2022/23 (Proj.) Jun 311.60 325.00 83.88 314.19 18.18 2022/23 (Proj.) Jul 312.28 325.88 84.43 314.57 18.02 filler filler filler filler filler Vegetable Oils 2020/21 193.80 216.93 84.29 188.37 26.38 2021/22 (Est.) 197.93 219.01 80.03 189.52 26.48 filler filler filler filler filler 2022/23 (Proj.) Jun 204.30 225.28 87.17 194.19 27.97 2022/23 (Proj.) Jul 204.82 225.84 87.04 194.04 28.43 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. July 2022 WASDE - 626 - 11 U.S. Wheat Supply and Use 1/ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Jun Jul Million Acres Area Planted 44.5 46.7 47.4 * 47.1 Area Harvested 36.8 37.2 37.1 * 37.6 Bushels Yield per Harvested Acre 49.7 44.3 46.9 * 47.3 Million Bushels Beginning Stocks 1,028 845 655 660 Production 1,828 1,646 1,737 1,781 Imports 100 95 120 110 Supply, Total 2,957 2,586 2,512 2,551 Food 961 962 964 964 Seed 64 60 66 68 Feed and Residual 95 100 80 80 Domestic, Total 1,120 1,122 1,110 1,112 Exports 992 804 775 800 Use, Total 2,111 1,926 1,885 1,912 Ending Stocks 845 660 627 639 Avg. Farm Price ($/bu) 2/ 5.05 7.63 10.75 10.50 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2021/22 (Est.) Beginning Stocks 428 235 85 70 27 845 Production 749 297 361 201 37 1,646 Supply, Total 3/ 1,181 575 449 276 104 2,586 Domestic Use 509 225 243 76 69 1,122 Exports 319 210 112 149 14 804 Use, Total 829 435 355 224 83 1,926 Ending Stocks, Total 353 140 94 52 21 660 2022/23 (Proj.) Beginning Stocks 353 140 94 52 21 660 Production 585 457 376 286 77 1,781 Supply, Total 3/ 943 647 475 343 143 2,551 Domestic Use 433 291 214 91 83 1,112 Exports 245 230 125 170 30 800 Use, Total 678 521 339 261 113 1,912 Ending Stocks, Total Jul 265 126 136 82 30 639 Ending Stocks, Total Jun NA NA NA NA NA NA Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. * For June, planted acres reported in the March 31, 2022, "Prospective Plantings." Winter wheat harvested area and yield reported in the June 10, 2022, "Crop Production." Area harvested and yield for other spring wheat and Durum are projected using 10- year harvested -to-planted ratios by state and 1985- 2021 yield trends by state (except for Arizona and California Durum). For July, area planted, area harvested, yield, and production as reported in July 12, 2022 "Crop Production." July 2022 WASDE - 626 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Jun Jul Million Acres Area Planted 102.3 105.9 101.2 * 101.7 * Area Harvested 90.6 94.5 90.5 * 90.5 * Metric Tons Yield per Harvested Acre 4.11 4.22 4.22 4.23 Million Metric Tons Beginning Stocks 51.8 34.0 40.3 41.1 Production 372.6 398.5 381.8 382.5 Imports 2.2 2.4 2.5 2.5 Supply, Total 426.6 434.8 424.5 426.0 Feed and Residual 146.3 146.5 139.6 139.6 Food, Seed & Industrial 168.9 177.4 178.1 178.2 Domestic, Total 315.2 323.9 317.7 317.8 Exports 77.5 69.8 68.4 68.4 Use, Total 392.6 393.7 386.0 386.2 Ending Stocks 34.0 41.1 38.5 39.9 CORN 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. June July Million Acres Area Planted 90.7 93.4 89.5 * 89.9 * Area Harvested 82.3 85.4 81.7 * 81.9 * Bushels Yield per Harvested Acre 171.4 177.0 177.0 * 177.0 * Million Bushels Beginning Stocks 1,919 1,235 1,485 1,510 Production 14,111 15,115 14,460 14,505 Imports 24 25 25 25 Supply, Total 16,055 16,375 15,970 16,040 Feed and Residual 5,597 5,600 5,350 5,350 Food, Seed & Industrial 2/ 6,471 6,815 6,820 6,820 Ethanol & by -products 3/ 5,033 5,375 5,375 5,375 Domestic, Total 12,068 12,415 12,170 12,170 Exports 2,753 2,450 2,400 2,400 Use, Total 14,821 14,865 14,570 14,570 Ending Stocks 1,235 1,510 1,400 1,470 Avg. Farm Price ($/bu) 4/ 4.53 5.95 6.75 6.65 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx . 3/ Corn processed in ethanol plants to produce ethanol and by- products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. * For June, planted acres reported in the March 31, 2022, "Prospective Plantings." Harvested acres projected based on historical abandonment and use for silage. For July, corn planted and harvested area as reported in the June 30, 2022, "Acreage." The yield projection is based on a weather -adjusted trend, estimated using the 1988- 2021 time period, assuming normal summer growing season weather but lowered to reflect the slow pace of planting progress during May. July 2022 WASDE - 626 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Jun Jul Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 5.9 7.3 6.2 * 6.3 * Area Harvested (mil. acres) 5.1 6.5 5.5 * 5.4 * Yield (bushels/acre) 73.2 69.0 69.3 * 69.2 * Beginning Stocks 30 20 33 53 Production 373 448 381 372 Imports 0 0 0 0 Supply, Total 403 468 414 425 Feed and Residual 92 100 85 85 Food, Seed & Industrial 7 25 20 25 Total Domestic 99 125 105 110 Exports 284 290 285 285 Use, Total 383 415 390 395 Ending Stocks 20 53 24 30 Avg. Farm Price ($/bu) 2/ 5.04 5.95 6.65 6.55 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. June July Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.7 2.7 2.9 * 3.0 * Area Harvested (mil. acres) 2.2 1.9 2.4 * 2.4 * Yield (bushels/acre) 77.2 60.4 75.4 * 73.0 * Beginning Stocks 80 71 60 42 Production 171 118 181 175 Imports 7 15 9 9 Supply, Total 258 204 250 226 Feed and Residual 26 39 15 15 Food, Seed & Industrial 147 115 145 145 Total Domestic 172 154 160 160 Exports 14 7 7 7 Use, Total 186 162 167 167 Ending Stocks 71 42 83 59 Avg. Farm Price ($/bu) 2/ 4.75 5.31 7.35 7.35 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. June July Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.0 2.6 2.5 * 2.4 * Area Harvested (mil. acres) 1.0 0.7 0.9 * 0.8 * Yield (bushels/acre) 65.1 61.3 65.6 * 66.1 * Beginning Stocks 37 38 28 33 Production 66 40 59 53 Imports 85 81 95 95 Supply, Total 188 159 182 180 Feed and Residual 68 44 65 65 Food, Seed & Industrial 78 80 81 81 Total Domestic 147 124 146 146 Exports 3 2 2 2 Use, Total 150 126 148 148 Ending Stocks 38 33 34 32 Avg. Farm Price ($/bu) 2/ 2.77 4.55 5.70 5.70 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. * For June --Planted acres reported in the March 31, 2022, "Prospect ive Plantings." Harvested area for sorghum, barley and oats based on historical average harvested- to-planted ratios. For sorghum the yield is the median yield for 2002- 2021. For barley and oats, projected yields are based on the 1992 -2021 linear trends. Yields shown reflect production rounding. For July--Sorghum planted and harvested area as reported in the June 30, 2022, "Acreage." Sorghum yield is the median yield for 2002- 2021. Barley and oats area planted, area harvested, yield, and production as rep orted in the July 12, 2022, "Crop Production." July 2022 WASDE - 626 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Jun Jul Million Acres Area Planted 3.04 2.53 2.45 * 2.34 * Area Harvested 2.99 2.49 2.41 * 2.31 * Fil ler Pounds Yield per Harvested Acre 7,619 7,709 7,596 * 7,561 * Million Hundredweight Beginning Stocks 2/ 28.7 43.7 38.5 42.0 Production 227.5 191.8 182.7 174.5 Imports 34.1 38.5 38.0 43.0 Supply, Total 290.2 274.0 259.2 259.5 Domestic & Residual 3/ 152.7 148.5 143.0 145.0 Exports, Total 4/ 93.9 83.5 82.0 79.0 Rough 34.6 31.0 34.0 34.0 Milled (rough equiv.) 59.3 52.5 48.0 45.0 Use, Total 246.6 232.0 225.0 224.0 Ending Stocks 43.7 42.0 34.2 35.5 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 14.40 15.80 17.80 18.20 Total LONG -GRAIN RICE 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. June July Harvested Acres (mil.) 2.30 1.94 Yield (pounds/acre) 7,422 7,471 Beginning Stocks 16.9 29.7 22.4 24.9 Imports 27.4 31.5 30.0 33.0 Production 170.8 144.6 140.9 139.0 Supply, Total 7/ 215.1 205.9 193.3 196.9 Domestic & Residual 3/ 120.2 118.0 113.0 115.0 Exports 8/ 65.1 63.0 61.0 60.0 Use, Total 185.3 181.0 174.0 175.0 Ending Stocks 29.7 24.9 19.3 21.9 Avg. Farm Price ($/cwt) 6/ 12.60 13.70 15.50 15.50 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. June July Harvested Acres (mil.) 0.69 0.55 Yield (pounds/acre) 8,282 8,543 Beginning Stocks 10.7 11.5 13.6 14.6 Imports 6.7 7.0 8.0 10.0 Production 56.7 47.2 41.8 35.5 Supply, Total 7/ 72.7 65.6 63.4 60.1 Domestic & Residual 3/ 32.4 30.5 30.0 30.0 Exports 8/ 28.8 20.5 21.0 19.0 Use, Total 61.2 51.0 51.0 49.0 Ending Stocks 11.5 14.6 12.4 11.1 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 20.10 22.20 24.80 26.20 California 10/ 22.60 26.00 29.00 31.00 Other States 1/ 13.00 14.00 16.00 16.00 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2017/18 -1.4; 2018/19-2.1; 2019/20 -1.0. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing -year weighted average price received by farme rs. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The California medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the f inal price may differ. 10/ Marketing year beginning October 1. * For June --Planted acres reported in March 31, 2022, "Prospective Plantings." Harvested acres are estimated using long run harvested -to-planted ratios by rice class. For July --Planted and harvested area are reported in June 30, 2022 "Acreage" report. Projected yield is based on by -class trend analysis and planted area. July 2022 WASDE - 626 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Jun Jul Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 83.4 87.2 91.0 * 88.3 ** Area Harvested 82.6 86.3 90.1 * 87.5 ** Fil ler Bushels Yield per Harvested Acre 51.0 51.4 51.5 * 51.5 ** Million Bushels Beginning Stocks 525 257 205 215 Production 4,216 4,435 4,640 4,505 Imports 20 15 15 15 Supply, Total 4,761 4,707 4,860 4,735 Crushings 2,141 2,205 2,255 2,245 Exports 2,261 2,170 2,200 2,135 Seed 101 103 102 102 Residual 1 15 23 23 Use, Total 4,504 4,492 4,580 4,505 Ending Stocks 257 215 280 230 Avg. Farm Price ($/bu) 2/ 10.80 13.35 14.70 14.40 Total SOYBEAN OIL 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. June July Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,853 2,131 1,951 1,951 Production 4/ 25,023 26,105 26,430 26,310 Imports 302 375 500 500 Supply, Total 27,177 28,611 28,881 28,761 Domestic Disappearance 23,323 24,885 25,800 25,700 Biofuel 3/ 8,850 10,700 12,000 12,000 Food, Feed & other Industrial 14,473 14,185 13,800 13,700 Exports 1,723 1,775 1,400 1,400 Use, Total 25,046 26,660 27,200 27,100 Ending stocks 2,131 1,951 1,681 1,661 Avg. Price (c/lb) 2/ 56.87 73.00 70.00 69.00 Total SOYBEAN MEAL 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. June July Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 341 341 400 400 Production 4/ 50,565 51,659 53,050 52,850 Imports 783 600 450 450 Supply, Total 51,689 52,600 53,900 53,700 Domestic Disappearance 37,580 38,500 39,000 39,200 Exports 13,768 13,700 14,400 14,000 Use, Total 51,348 52,200 53,400 53,200 Ending Stocks 341 400 500 500 Avg. Price ($/s.t.) 2/ 392.31 425.00 400.00 390.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects soybean oil used for biofuels as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,205 mi llion bushels for 2021/22 and 2,245 million bushels for 2022/23. *Planted acres are reported in the March 31, 2022 Prospective Plantings repor t. Harvested acres are based on historical planted -to-harvested ratios. **Planted and harvested acres are from the June 30, 2022 Acreage report. The projected yield is based on a weather -adjusted trend model. July 2022 WASDE - 626 - 16 U.S. Sugar Supply and Use 1/ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Jun Jul Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,618 1,705 1,717 1,782 Production 2/ 9,233 9,118 8,822 8,947 Beet Sugar 5,092 5,156 4,809 4,934 Cane Sugar 4,141 3,961 4,013 4,013 Florida 2,090 1,933 2,000 2,000 Louisiana 1,918 1,906 1,910 1,910 Texas 134 122 103 103 Imports 3,195 3,699 3,013 3,501 TRQ 3/ 1,749 1,766 1,390 1,445 Other Program 4/ 292 300 250 250 Non-program 1,154 1,634 1,373 1,806 Mexico 968 1,355 1,323 1,756 High -tier tariff/other 186 278 50 50 Total Supply 14,046 14,522 13,553 14,229 Exports 49 35 35 35 Deliveries 12,252 12,705 12,555 12,630 Food 12,135 12,600 12,450 12,525 Other 5/ 116 105 105 105 Miscellaneous 40 0 0 0 Total Use 12,341 12,740 12,590 12,665 Ending Stocks 1,705 1,782 963 1,564 Stocks to Use Ratio 13.8 14.0 7.6 12.4 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2021/22 and 2022/23 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2021/22, WTO raw sugar TRQ shortfall (77) and for 2022/23 (99). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE - reported deliveries: 2020/21 -- 298; estimated 2021/22 -- 314; projected 2022/23 -- 315 Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2021/22 Est. Jun 1,053 6,208 50 4,547 1,817 947 2021/22 Est. Jul 1,053 6,180 50 4,547 1,789 947 2022/23 Proj. Jun 947 6,000 50 4,547 1,503 947 2022/23 Proj. Jul 947 6,000 50 4,547 1,503 947 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2020/21 = 1,320; Estimated 2020/21 = 1,310; Projected 2022/23 = 1,317; Estimated Oct - May 2022 = 837, Oct - May 2021 = 870. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMME X), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2021/22 (497 est =462 dom.+35 import); 2022/23 (497 proj = 462 dom.+35 import). Statistical Adjustments: 2021/22 (0), 2022/23 (0). July 2022 WASDE - 626 - 17 U.S. Cotton Supply and Use 1/ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Jun Jul Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 12.09 11.22 12.23 * 12.48 ** Harvested 8.22 10.27 9.14 * 8.55 ** Fil ler Pounds Yield per Harvested Acre 853 819 867 * 870 ** Million 480 Pound Bales Beginning Stocks 7.25 3.15 3.40 3.40 Production 14.61 17.52 16.50 15.50 Imports 0.00 0.01 0.01 0.01 Supply, Total 21.86 20.68 19.91 18.91 Domestic Use 2.40 2.55 2.50 2.50 Exports, Total 16.35 14.75 14.50 14.00 Use, Total 18.75 17.30 17.00 16.50 Unaccounted 2/ -0.04 -0.02 0.01 0.01 Ending Stocks 3.15 3.40 2.90 2.40 Avg. Farm Price 3/ 66.3 92.0 95.0 95.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. *Planted area as reported in March 31, 2022 Prospective Plantings. Harvested area based on 10 -year average abandonment by region, with the Southwest adjusted to reflect unfavorable moisture conditions. Yield based on 5-y ear average yields by region. **Planted area as reported in June 30, 2022 Acreage. Harvested area based on 10 -year average abandonment by region, with the Southwest adjusted to reflect unfavorable moisture conditions. Yield based on 5 -year average yields by region. July 2022 WASDE - 626 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 298.21 775.71 195.37 158.03 782.30 203.34 291.63 World Less China 148.20 641.46 184.75 118.03 632.30 202.58 147.51 United States 27.99 49.75 2.73 2.59 30.48 26.99 23.00 Total Foreign 270.23 725.96 192.64 155.44 751.82 176.36 268.62 Major Exporters 4/ 32.38 323.59 6.66 72.83 179.43 147.50 35.70 Argentina 2.36 17.64 0.01 0.05 6.35 11.53 2.12 Australia 2.68 33.30 0.20 4.50 8.00 23.85 4.33 Canada 5.50 35.18 0.55 4.18 9.13 26.43 5.67 European Union 5/ 13.11 126.69 5.38 42.50 104.75 29.74 10.69 Russia 7.23 85.35 0.40 19.00 42.50 39.10 11.38 Ukraine 1.50 25.42 0.13 2.60 8.70 16.85 1.51 Major Importers 6/ 193.75 200.40 125.06 57.58 323.55 12.62 183.04 Bangladesh 1.76 1.18 7.20 0.50 8.00 0.00 2.14 Brazil 1.99 6.25 6.40 0.40 11.80 0.93 1.91 China 150.02 134.25 10.62 40.00 150.00 0.76 144.12 Japan 1.21 1.00 5.49 0.65 6.25 0.30 1.15 N. Africa 7/ 14.36 15.81 28.50 1.75 46.72 0.80 11.14 Nigeria 0.30 0.06 6.59 0.05 5.55 0.60 0.79 Sel. Mideast 8/ 11.79 20.62 17.74 3.54 38.83 0.62 10.70 Southeast Asia 9/ 5.91 0.00 25.84 7.29 25.05 1.14 5.56 Selected Other India 24.70 107.86 0.02 6.50 102.22 2.56 27.80 Kazakhstan 0.66 14.26 1.00 1.45 6.25 8.19 1.48 United Kingdom 2.44 9.66 3.22 5.96 13.46 0.45 1.42 2021/22 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 291.57 779.03 196.50 161.00 790.51 200.07 280.10 World Less China 147.45 642.09 186.80 126.00 642.51 199.22 138.19 United States 23.00 44.79 2.59 2.72 30.53 21.88 17.96 Total Foreign 268.57 734.24 193.91 158.28 759.97 178.19 262.14 Major Exporters 4/ 35.70 326.69 5.73 78.55 185.85 140.30 41.97 Argentina 2.12 22.15 0.00 0.05 6.35 16.50 1.43 Australia 4.33 36.30 0.20 5.00 8.50 27.50 4.83 Canada 5.67 21.65 0.60 4.50 9.50 15.00 3.42 European Union 5/ 10.69 138.42 4.50 46.50 109.75 29.50 14.36 Russia 11.38 75.16 0.30 18.50 41.75 33.00 12.09 Ukraine 1.51 33.01 0.13 4.00 10.00 18.80 5.84 Major Importers 6/ 183.04 203.23 131.22 53.60 323.75 15.18 178.56 Bangladesh 2.14 1.13 7.50 0.60 8.50 0.00 2.27 Brazil 1.91 7.70 6.50 0.45 11.75 3.20 1.16 China 144.12 136.95 9.70 35.00 148.00 0.85 141.92 Japan 1.15 1.13 5.40 0.75 6.30 0.30 1.08 N. Africa 7/ 11.14 20.43 27.10 1.87 47.02 0.40 11.25 Nigeria 0.79 0.09 6.20 0.05 5.85 0.60 0.63 Sel. Mideast 8/ 10.70 16.50 23.00 3.88 38.93 0.71 10.55 Southeast Asia 9/ 5.56 0.00 26.30 7.30 25.43 1.16 5.27 Selected Other India 27.80 109.59 0.03 7.00 107.91 8.03 21.47 Kazakhstan 1.48 11.81 1.40 1.20 5.70 8.20 0.79 United Kingdom 1.42 13.99 2.30 7.35 15.30 0.70 1.70 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2022 WASDE - 626 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jun 279.40 773.43 201.46 153.06 785.99 204.59 266.85 Jul 280.10 771.64 202.74 151.31 784.22 205.47 267.52 World Less China Jun 137.48 638.43 191.96 123.06 641.99 203.69 125.33 Jul 138.19 636.64 193.24 121.31 640.22 204.57 126.00 United States Jun 17.82 47.26 3.27 2.18 30.21 21.09 17.05 Jul 17.96 48.47 2.99 2.18 30.26 21.77 17.39 Total Foreign Jun 261.58 726.17 198.20 150.89 755.78 183.49 249.80 Jul 262.14 723.17 199.75 149.14 753.95 183.69 250.13 Major Exporters 4/ Jun 41.24 321.60 6.21 77.55 184.95 148.00 36.09 Jul 41.97 318.60 6.71 75.55 182.95 148.00 36.32 Argentina Jun 1.43 20.00 0.01 0.05 6.35 14.00 1.08 Jul 1.43 19.50 0.01 0.05 6.35 13.50 1.08 Australia Jun 4.83 30.00 0.20 4.00 7.55 24.00 3.48 Jul 4.83 30.00 0.20 4.00 7.55 24.00 3.48 Canada Jun 2.92 33.00 0.60 4.00 9.10 24.00 3.42 Jul 3.42 34.00 0.60 4.00 9.10 25.00 3.92 European Union 5/ Jun 14.36 136.10 5.00 44.50 108.50 36.00 10.96 Jul 14.36 134.10 5.50 43.50 107.50 35.50 10.96 Russia Jun 12.09 81.00 0.30 19.00 42.25 40.00 11.14 Jul 12.09 81.50 0.30 19.00 42.25 40.00 11.64 Ukraine Jun 5.61 21.50 0.10 6.00 11.20 10.00 6.01 Jul 5.84 19.50 0.10 5.00 10.20 10.00 5.24 Major Importers 6/ Jun 178.18 201.40 132.65 47.30 321.15 15.02 176.06 Jul 178.56 201.40 133.25 47.35 321.25 15.22 176.74 Bangladesh Jun 2.27 1.10 7.00 0.60 8.70 0.00 1.67 Jul 2.27 1.10 7.00 0.60 8.70 0.00 1.67 Brazil Jun 1.16 8.50 6.40 0.55 12.05 2.80 1.21 Jul 1.16 8.50 6.40 0.55 11.95 3.00 1.11 China Jun 141.92 135.00 9.50 30.00 144.00 0.90 141.52 Jul 141.92 135.00 9.50 30.00 144.00 0.90 141.52 Japan Jun 1.08 1.15 5.30 0.60 6.10 0.30 1.13 Jul 1.08 1.15 5.50 0.65 6.20 0.30 1.23 N. Africa 7/ Jun 11.50 17.15 29.20 1.82 47.67 0.51 9.68 Jul 11.25 17.15 29.40 1.82 47.67 0.51 9.63 Nigeria Jun 0.63 0.11 6.50 0.00 6.00 0.60 0.64 Jul 0.63 0.11 6.50 0.00 6.00 0.60 0.64 Sel. Mideast 8/ Jun 10.60 17.59 23.32 3.88 39.63 0.77 11.12 Jul 10.55 17.59 23.32 3.88 39.63 0.77 11.07 Southeast Asia 9/ Jun 5.07 0.00 26.03 6.70 25.05 1.15 4.90 Jul 5.27 0.00 26.23 6.70 25.15 1.15 5.20 Selected Other India Jun 21.47 106.00 0.03 6.50 104.50 6.50 16.49 Jul 21.47 106.00 0.03 6.50 104.50 6.50 16.49 Kazakhstan Jun 1.44 13.00 1.00 1.40 6.23 8.00 1.21 Jul 0.79 13.00 1.00 1.30 5.90 8.00 0.89 United Kingdom Jun 1.70 14.60 2.00 7.60 15.60 1.00 1.70 Jul 1.70 14.60 2.00 7.60 15.60 1.00 1.70 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2022 WASDE - 626 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 337.43 1,439.10 234.16 902.06 1,453.71 233.84 322.81 World Less China 136.47 1,170.02 183.62 681.11 1,140.60 233.83 115.36 United States 51.83 372.89 2.48 146.47 315.70 77.48 34.01 Total Foreign 285.60 1,066.21 231.68 755.59 1,138.01 156.36 288.80 Major Exporters 4/ 24.24 295.85 5.47 133.47 179.57 126.71 19.27 Argentina 4.57 60.00 0.02 11.28 17.01 45.52 2.06 Australia 3.01 17.09 0.00 5.26 7.14 10.52 2.44 Brazil 5.82 90.32 3.35 62.42 73.86 21.04 4.60 Canada 3.98 29.64 1.89 16.69 24.65 7.26 3.61 Russia 1.87 41.40 0.09 21.47 31.04 10.42 1.90 Ukraine 2.55 39.59 0.07 9.25 12.41 28.15 1.65 Major Importers 5/ 36.35 252.76 137.73 294.52 376.93 13.22 36.70 European Union 6/ 14.16 155.35 15.87 119.89 159.29 11.45 14.64 Japan 1.74 0.23 16.98 13.45 17.29 0.00 1.66 Mexico 4.14 32.66 17.15 30.34 49.84 0.51 3.60 N. Afr & Mideast 7/ 7.76 32.61 38.78 63.17 71.38 0.69 7.08 Saudi Arabia 1.72 0.19 10.03 10.25 10.61 0.00 1.33 Southeast Asia 8/ 3.82 31.40 22.65 43.43 51.72 0.57 5.59 South Korea 2.02 0.24 11.80 9.47 12.03 0.00 2.04 Selected Other China 200.96 269.08 50.53 220.95 313.11 0.01 207.46 2021/22 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 322.81 1,503.64 226.29 912.33 1,488.10 247.54 338.36 World Less China 115.36 1,222.79 183.94 684.78 1,168.35 247.49 127.50 United States 34.01 398.71 2.61 146.65 324.42 69.80 41.11 Total Foreign 288.80 1,104.93 223.67 765.69 1,163.67 177.74 297.25 Major Exporters 4/ 19.27 335.05 8.38 144.65 190.32 147.38 25.01 Argentina 2.06 62.91 0.01 11.69 17.41 45.00 2.57 Australia 2.44 18.40 0.00 5.50 7.38 11.58 1.89 Brazil 4.60 120.62 2.60 66.10 78.14 44.51 5.18 Canada 3.61 24.21 5.62 17.69 25.19 5.25 3.00 Russia 1.90 38.54 0.10 22.03 30.91 7.78 1.85 Ukraine 1.65 53.51 0.03 14.24 17.37 30.06 7.77 Major Importers 5/ 36.70 248.67 135.48 287.21 370.48 14.80 35.57 European Union 6/ 14.64 154.08 17.46 117.69 157.26 13.16 15.75 Japan 1.66 0.24 16.92 13.41 17.25 0.00 1.57 Mexico 3.60 33.27 18.30 31.12 50.74 0.40 4.03 N. Afr & Mideast 7/ 7.08 29.37 40.44 61.22 69.87 0.61 6.42 Saudi Arabia 1.33 0.20 8.01 7.76 8.11 0.00 1.43 Southeast Asia 8/ 5.59 31.21 18.05 42.15 50.54 0.63 3.67 South Korea 2.04 0.22 11.82 9.45 12.01 0.00 2.06 Selected Other China 207.46 280.85 42.35 227.55 319.75 0.05 210.86 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, an d Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indone sia, Malaysia, Philippines, Thailand, and Vietnam. July 2022 WASDE - 626 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jun 336.30 1,479.19 220.51 912.76 1,479.80 227.56 335.69 Jul 338.36 1,477.20 220.10 910.81 1,477.65 226.66 337.91 World Less China Jun 125.45 1,199.89 182.66 680.71 1,156.55 227.51 130.99 Jul 127.50 1,197.90 182.75 679.26 1,154.90 226.61 133.20 United States Jun 40.30 382.10 2.72 139.81 318.25 68.39 38.50 Jul 41.11 382.76 2.72 139.77 318.33 68.39 39.87 Total Foreign Jun 296.00 1,097.09 217.78 772.95 1,161.56 159.17 297.20 Jul 297.25 1,094.44 217.38 771.04 1,159.32 158.27 298.04 Major Exporters 4/ Jun 24.88 331.33 4.50 145.78 192.21 134.34 34.15 Jul 25.01 329.53 4.50 145.19 191.61 133.34 34.08 Argentina Jun 2.47 64.88 0.01 11.92 17.73 47.20 2.42 Jul 2.57 64.87 0.01 11.91 17.72 47.20 2.52 Australia Jun 1.89 14.52 0.00 4.82 6.70 7.88 1.84 Jul 1.89 14.52 0.00 4.82 6.70 7.88 1.84 Brazil Jun 5.18 130.54 1.80 69.50 81.99 47.03 8.50 Jul 5.18 130.54 1.80 69.50 81.99 47.03 8.50 Canada Jun 2.95 29.81 2.54 17.36 24.75 7.25 3.30 Jul 3.00 29.02 2.54 17.08 24.47 6.75 3.35 Russia Jun 1.87 41.93 0.10 22.28 31.43 10.45 2.03 Jul 1.85 40.93 0.10 21.98 31.13 9.95 1.81 Ukraine Jun 7.77 31.76 0.00 12.52 15.65 10.83 13.06 Jul 7.77 31.76 0.00 12.52 15.65 10.83 13.06 Major Importers 5/ Jun 35.28 246.97 137.93 288.40 371.80 13.59 34.80 Jul 35.57 245.92 137.78 287.90 371.30 13.29 34.68 European Union 6/ Jun 15.46 150.82 17.19 116.45 156.08 12.07 15.31 Jul 15.75 149.77 17.19 116.05 155.68 11.77 15.25 Japan Jun 1.57 0.24 16.67 13.06 16.95 0.00 1.53 Jul 1.57 0.24 16.67 13.06 16.95 0.00 1.53 Mexico Jun 4.01 33.50 18.47 31.74 51.36 0.60 4.02 Jul 4.03 33.50 18.47 31.74 51.36 0.60 4.04 N. Afr & Mideast 7/ Jun 6.45 30.51 39.71 61.59 70.12 0.34 6.22 Jul 6.42 30.51 39.71 61.59 70.12 0.34 6.19 Saudi Arabia Jun 1.43 0.19 9.01 9.05 9.41 0.00 1.23 Jul 1.43 0.19 8.71 8.75 9.11 0.00 1.23 Southeast Asia 8/ Jun 3.67 31.41 20.81 42.85 51.40 0.58 3.90 Jul 3.67 31.41 20.96 43.05 51.60 0.58 3.85 South Korea Jun 2.06 0.22 11.60 9.24 11.80 0.00 2.09 Jul 2.06 0.22 11.60 9.24 11.80 0.00 2.09 Selected Other China Jun 210.86 279.30 37.85 232.05 323.25 0.05 204.71 Jul 210.86 279.30 37.35 231.55 322.75 0.05 204.71 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit , and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Afr ica and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade ex cludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2022 WASDE - 626 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 307.46 1,129.00 185.22 723.42 1,143.17 182.82 293.29 World Less China 106.93 868.33 155.71 520.42 858.17 182.82 87.59 United States 48.76 358.45 0.62 142.18 306.54 69.92 31.36 Total Foreign 258.70 770.55 184.61 581.24 836.62 112.90 261.93 Major Exporters 4/ 13.37 200.12 2.92 90.70 113.30 93.62 9.50 Argentina 3.62 52.00 0.01 9.50 13.50 40.94 1.18 Brazil 5.33 87.00 2.85 59.50 70.00 21.02 4.15 Russia 0.83 13.87 0.04 8.90 10.00 3.99 0.75 South Africa 2.12 16.95 0.01 6.90 12.70 3.80 2.58 Ukraine 1.48 30.30 0.02 5.90 7.10 23.86 0.83 Major Importers 5/ 20.81 132.40 92.89 164.07 219.23 4.79 22.08 Egypt 1.73 6.40 9.63 13.90 16.40 0.01 1.36 European Union 6/ 7.38 67.14 14.49 57.00 77.40 3.74 7.88 Japan 1.39 0.01 15.48 12.00 15.45 0.00 1.42 Mexico 3.52 27.35 16.50 25.60 43.80 0.48 3.08 Southeast Asia 7/ 3.81 31.35 20.69 41.65 49.70 0.57 5.58 South Korea 2.00 0.09 11.71 9.42 11.78 0.00 2.02 Selected Other Canada 2.56 13.56 1.58 8.59 13.98 1.56 2.17 China 200.53 260.67 29.51 203.00 285.00 0.00 205.70 2021/22 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2 / Exports Ending Stocks World 3/ 293.29 1,217.87 179.15 746.27 1,198.88 199.23 312.28 World Less China 87.59 945.31 156.15 537.27 907.88 199.21 102.04 United States 31.36 383.94 0.64 142.25 315.36 62.23 38.35 Total Foreign 261.93 833.92 178.51 604.02 883.52 137.00 273.93 Major Exporters 4/ 9.50 242.65 2.07 100.10 123.30 114.70 16.22 Argentina 1.18 53.00 0.01 9.80 13.70 39.00 1.49 Brazil 4.15 116.00 2.00 62.00 73.00 44.50 4.65 Russia 0.75 15.23 0.05 10.00 11.10 4.00 0.93 South Africa 2.58 16.30 0.00 7.30 13.30 3.20 2.38 Ukraine 0.83 42.13 0.02 11.00 12.20 24.00 6.77 Major Importers 5/ 22.08 136.81 90.60 166.10 221.55 6.63 21.31 Egypt 1.36 7.44 9.20 13.90 16.40 0.01 1.59 European Union 6/ 7.88 70.50 16.00 59.50 80.10 5.60 8.68 Japan 1.42 0.01 15.40 12.00 15.45 0.00 1.38 Mexico 3.08 27.55 17.50 26.20 44.40 0.40 3.33 Southeast Asia 7/ 5.58 31.16 16.40 40.70 48.85 0.63 3.66 South Korea 2.02 0.08 11.70 9.40 11.75 0.00 2.05 Selected Other Canada 2.17 13.98 5.40 12.00 17.40 2.00 2.15 China 205.70 272.55 23.00 209.00 291.00 0.02 210.24 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2022 WASDE - 626 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jun 310.92 1,185.81 176.68 747.93 1,186.28 182.67 310.45 Jul 312.28 1,185.90 177.08 747.21 1,185.24 182.57 312.94 World Less China Jun 100.68 914.81 158.68 533.93 891.28 182.65 106.23 Jul 102.04 914.90 159.08 533.21 890.24 182.55 108.72 United States Jun 37.71 367.30 0.64 135.90 309.13 60.96 35.55 Jul 38.35 368.44 0.64 135.90 309.13 60.96 37.33 Total Foreign Jun 273.21 818.51 176.05 612.03 877.15 121.71 274.89 Jul 273.93 817.46 176.44 611.32 876.11 121.61 275.60 Major Exporters 4/ Jun 16.22 238.80 1.36 102.30 126.20 105.00 25.17 Jul 16.22 237.80 1.36 102.00 125.90 104.50 24.97 Argentina Jun 1.49 55.00 0.01 10.00 14.00 41.00 1.49 Jul 1.49 55.00 0.01 10.00 14.00 41.00 1.49 Brazil Jun 4.65 126.00 1.30 65.50 77.00 47.00 7.95 Jul 4.65 126.00 1.30 65.50 77.00 47.00 7.95 Russia Jun 0.93 15.50 0.05 10.00 11.20 4.30 0.98 Jul 0.93 14.50 0.05 9.70 10.90 3.80 0.78 South Africa Jun 2.38 17.30 0.00 7.30 13.30 3.70 2.68 Jul 2.38 17.30 0.00 7.30 13.30 3.70 2.68 Ukraine Jun 6.77 25.00 0.00 9.50 10.70 9.00 12.07 Jul 6.77 25.00 0.00 9.50 10.70 9.00 12.07 Major Importers 5/ Jun 21.31 134.82 92.95 165.90 221.55 5.89 21.64 Jul 21.31 134.57 93.10 165.90 221.55 5.89 21.54 Egypt Jun 1.59 7.44 9.20 13.90 16.40 0.01 1.83 Jul 1.59 7.44 9.20 13.90 16.40 0.01 1.83 European Union 6/ Jun 8.68 68.25 16.00 59.00 79.60 4.70 8.63 Jul 8.68 68.00 16.00 58.80 79.40 4.70 8.58 Japan Jun 1.38 0.01 15.20 11.70 15.20 0.00 1.39 Jul 1.38 0.01 15.20 11.70 15.20 0.00 1.39 Mexico Jun 3.33 27.60 17.70 26.50 44.70 0.60 3.33 Jul 3.33 27.60 17.70 26.50 44.70 0.60 3.33 Southeast Asia 7/ Jun 3.66 31.36 18.95 41.20 49.50 0.58 3.89 Jul 3.66 31.36 19.10 41.40 49.70 0.58 3.84 South Korea Jun 2.05 0.08 11.50 9.20 11.55 0.00 2.08 Jul 2.05 0.08 11.50 9.20 11.55 0.00 2.08 Selected Other Canada Jun 2.15 14.00 2.50 9.70 14.90 1.60 2.15 Jul 2.15 14.00 2.50 9.70 14.90 1.60 2.15 China Jun 210.24 271.00 18.00 214.00 295.00 0.02 204.22 Jul 210.24 271.00 18.00 214.00 295.00 0.02 204.22 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2022 WASDE - 626 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 182.17 509.29 46.47 503.55 50.93 187.90 World Less China 65.67 360.99 42.25 353.26 48.71 71.40 United States 0.91 7.22 1.08 4.85 2.98 1.39 Total Foreign 181.26 502.06 45.38 498.71 47.95 186.51 Major Exporters 4/ 41.22 191.63 2.01 149.52 38.31 47.03 Burma 1.01 12.60 0.00 10.50 1.90 1.21 India 33.90 124.37 0.00 101.07 20.20 37.00 Pakistan 1.15 8.42 0.01 3.80 3.88 1.90 Thailand 3.98 18.86 0.20 12.70 6.06 4.28 Vietnam 1.18 27.38 1.80 21.45 6.27 2.64 Major Importers 5/ 128.87 240.06 17.05 255.07 2.71 128.21 China 116.50 148.30 4.22 150.29 2.22 116.50 European Union 6/ 0.90 1.83 1.78 3.40 0.45 0.66 Indonesia 3.31 34.50 0.65 35.40 0.00 3.06 Nigeria 1.49 5.15 2.20 7.15 0.00 1.69 Philippines 3.60 12.42 2.20 14.45 0.00 3.76 Sel. Mideast 7/ 1.22 2.31 3.25 5.83 0.00 0.95 Selected Other Brazil 0.24 8.00 0.63 7.35 0.95 0.57 C. Amer & Carib 8/ 0.67 1.59 1.62 3.29 0.04 0.55 Egypt 1.23 4.00 0.22 4.30 0.01 1.15 Japan 1.98 7.57 0.65 8.20 0.11 1.89 Mexico 0.17 0.20 0.81 0.96 0.02 0.20 South Korea 1.14 3.51 0.43 4.00 0.05 1.02 2021/22 Est. Beginning Stocks Productio n Imports Total /2 Domestic Exports Ending Stocks World 3/ 187.90 513.56 53.33 514.82 54.14 186.64 World Less China 71.40 364.57 47.43 358.53 52.04 73.64 United States 1.39 6.09 1.22 4.72 2.65 1.33 Total Foreign 186.51 507.47 52.11 510.10 51.49 185.31 Major Exporters 4/ 47.03 197.69 1.31 155.96 42.20 47.87 Burma 1.21 12.35 0.00 10.50 2.30 0.77 India 37.00 129.66 0.00 106.96 21.50 38.20 Pakistan 1.90 8.70 0.01 4.00 4.80 1.80 Thailand 4.28 19.65 0.20 13.00 7.00 4.13 Vietnam 2.64 27.33 1.10 21.50 6.60 2.97 Major Importers 5/ 128.21 242.04 21.05 262.47 2.58 126.25 China 116.50 148.99 5.90 156.29 2.10 113.00 European Union 6/ 0.66 1.72 2.20 3.45 0.44 0.69 Indonesia 3.06 34.40 0.70 35.20 0.00 2.96 Nigeria 1.69 5.26 2.20 7.25 0.00 1.90 Philippines 3.76 12.60 3.35 15.30 0.00 4.41 Sel. Mideast 7/ 0.95 2.15 3.85 5.93 0.00 1.02 Selected Other Brazil 0.57 7.28 0.80 7.35 0.85 0.45 C. Amer & Carib 8/ 0.55 1.63 1.80 3.35 0.02 0.61 Egypt 1.15 2.90 0.70 4.05 0.01 0.70 Japan 1.89 7.64 0.69 8.20 0.11 1.91 Mexico 0.20 0.18 0.80 0.97 0.01 0.21 South Korea 1.02 3.88 0.44 3.95 0.06 1.34 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. July 2022 WASDE - 626 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Jun 187.31 515.35 52.48 519.22 54.20 183.44 Jul 186.64 514.76 53.14 518.63 54.61 182.76 World Less China Jun 74.31 366.35 46.48 362.62 51.80 74.44 Jul 73.64 365.76 47.14 362.03 52.21 73.76 United States Jun 1.22 5.80 1.21 4.54 2.60 1.09 Jul 1.33 5.54 1.37 4.60 2.51 1.13 Total Foreign Jun 186.08 509.55 51.27 514.68 51.60 182.35 Jul 185.31 509.22 51.77 514.03 52.11 181.64 Major Exporters 4/ Jun 48.52 199.10 0.81 157.05 42.60 48.78 Jul 47.87 199.10 1.01 156.90 42.90 48.18 Burma Jun 0.77 12.50 0.00 10.50 2.10 0.67 Jul 0.77 12.50 0.00 10.50 2.10 0.67 India Jun 38.70 130.50 0.00 107.50 22.00 39.70 Jul 38.20 130.50 0.00 107.50 22.00 39.20 Pakistan Jun 2.15 8.90 0.01 4.40 4.60 2.06 Jul 1.80 8.90 0.01 4.10 4.90 1.71 Thailand Jun 4.13 19.80 0.20 13.10 7.50 3.53 Jul 4.13 19.80 0.20 13.10 7.50 3.53 Vietnam Jun 2.77 27.40 0.60 21.55 6.40 2.82 Jul 2.97 27.40 0.80 21.70 6.40 3.07 Major Importers 5/ Jun 125.98 242.45 19.90 263.45 2.85 122.04 Jul 126.25 242.17 20.20 263.60 2.86 122.16 China Jun 113.00 149.00 6.00 156.60 2.40 109.00 Jul 113.00 149.00 6.00 156.60 2.40 109.00 European Union 6/ Jun 0.59 1.74 2.20 3.45 0.42 0.66 Jul 0.69 1.46 2.40 3.45 0.42 0.68 Indonesia Jun 3.01 34.60 0.65 35.05 0.00 3.21 Jul 2.96 34.60 0.65 35.05 0.00 3.16 Nigeria Jun 1.90 5.36 2.20 7.45 0.00 2.00 Jul 1.90 5.36 2.20 7.45 0.00 2.00 Philippines Jun 4.24 12.41 3.00 15.35 0.00 4.30 Jul 4.41 12.41 3.10 15.50 0.00 4.42 Sel. Mideast 7/ Jun 1.02 2.24 3.95 6.15 0.00 1.06 Jul 1.02 2.24 3.95 6.15 0.00 1.06 Selected Other Brazil Jun 0.45 7.10 0.85 7.30 0.65 0.45 Jul 0.45 7.10 0.85 7.30 0.65 0.45 C. Amer & Carib 8/ Jun 0.61 1.57 1.89 3.42 0.03 0.62 Jul 0.61 1.57 1.89 3.42 0.03 0.62 Egypt Jun 0.70 2.90 0.85 4.00 0.01 0.44 Jul 0.70 2.90 0.85 4.00 0.01 0.44 Japan Jun 1.91 7.55 0.69 8.15 0.12 1.87 Jul 1.91 7.55 0.69 8.15 0.12 1.87 Mexico Jun 0.21 0.19 0.82 0.98 0.01 0.23 Jul 0.21 0.19 0.82 0.98 0.01 0.23 South Korea Jun 1.34 3.77 0.43 3.95 0.06 1.53 Jul 1.34 3.72 0.43 3.95 0.06 1.48 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. July 2022 WASDE - 626 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2020/21 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 97.65 111.48 49.08 121.69 48.50 -0.05 88.07 World Less China 60.75 81.98 36.22 81.69 48.49 -0.05 48.82 United States 7.25 14.61 3/ 2.40 16.35 -0.04 3.15 Total Foreign 90.40 96.87 49.08 119.29 32.14 -0.01 84.92 Major Exporters 4/ 39.11 53.89 1.60 34.62 27.63 -0.08 32.42 Central Asia 5/ 2.68 5.45 0.01 3.82 1.99 0.00 2.33 Afr. Fr. Zone 6/ 2.52 4.84 3/ 0.11 5.31 0.00 1.93 S. Hemis. 7/ 17.62 15.65 0.14 4.04 13.59 -0.09 15.88 Australia 1.20 2.80 3/ 0.01 1.56 -0.10 2.52 Brazil 14.40 10.82 0.01 3.10 11.01 0.00 11.12 India 15.68 27.60 0.84 26.00 6.19 0.00 11.94 Major Importers 8/ 48.87 39.77 45.06 80.67 3.10 0.07 49.85 Mexico 0.69 1.02 0.93 1.70 0.49 0.03 0.43 China 36.90 29.50 12.86 40.00 0.01 0.00 39.25 European Union 9/ 0.62 1.69 0.56 0.59 1.96 0.00 0.33 Turkey 2.77 2.90 5.33 7.70 0.59 0.00 2.71 Pakistan 3.19 4.50 5.33 10.70 0.03 0.03 2.27 Indonesia 0.64 3/ 2.31 2.45 0.01 0.00 0.50 Thailand 0.10 3/ 0.60 0.61 0.00 0.01 0.08 Bangladesh 2.52 0.15 8.75 8.50 0.00 0.01 2.90 Vietnam 1.11 3/ 7.31 7.30 0.00 0.00 1.12 2021/22 Est. Beginning Stocks Productio n Imports Domestic Use Exports Loss /2 Ending Stocks World 88.07 116.22 43.32 119.79 43.93 -0.15 84.04 World Less China 48.82 89.22 35.12 82.79 43.85 -0.15 46.66 United States 3.15 17.52 0.01 2.55 14.75 -0.02 3.40 Total Foreign 84.92 98.69 43.31 117.24 29.18 -0.13 80.64 Major Exporters 4/ 32.42 55.68 1.78 34.18 25.00 -0.17 30.87 Central Asia 5/ 2.33 4.93 0.02 3.72 1.62 0.00 1.94 Afr. Fr. Zone 6/ 1.93 5.98 3/ 0.11 5.73 0.00 2.07 S. Hemis. 7/ 15.88 19.86 0.16 4.23 13.20 -0.18 18.65 Australia 2.52 5.50 3/ 0.01 4.00 -0.19 4.20 Brazil 11.12 12.30 0.03 3.20 7.90 0.00 12.34 India 11.94 24.50 1.00 25.50 4.00 0.00 7.94 Major Importers 8/ 49.85 39.77 39.05 78.78 2.84 0.05 47.00 Mexico 0.43 1.22 1.00 1.90 0.38 0.03 0.35 China 39.25 27.00 8.20 37.00 0.08 0.00 37.38 European Union 9/ 0.33 1.59 0.64 0.64 1.71 -0.03 0.24 Turkey 2.71 3.80 5.55 8.60 0.60 0.00 2.86 Pakistan 2.27 6.00 4.50 10.90 0.05 0.03 1.79 Indonesia 0.50 3/ 2.55 2.55 0.01 0.00 0.49 Thailand 0.08 3/ 0.73 0.70 0.00 0.01 0.10 Bangladesh 2.90 0.15 8.00 8.50 0.00 0.01 2.54 Vietnam 1.12 3/ 6.80 6.90 0.00 0.00 1.03 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. July 2022 WASDE - 626 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2022/23 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Jun 82.95 121.27 47.49 121.54 47.48 -0.10 82.77 Jul 84.04 120.07 46.37 119.92 46.38 -0.10 84.26 World Less China Jun 46.27 93.77 36.99 83.54 47.43 -0.10 46.15 Jul 46.66 92.57 36.37 82.42 46.33 -0.10 46.94 United States Jun 3.40 16.50 0.01 2.50 14.50 0.01 2.90 Jul 3.40 15.50 0.01 2.50 14.00 0.01 2.40 filler filler filler filler filler filler filler Total Foreign Jun 79.55 104.77 47.48 119.04 32.98 -0.10 79.87 Jul 80.64 104.57 46.37 117.42 32.38 -0.10 81.86 Major Exporters 4/ Jun 30.47 60.45 2.39 34.15 28.83 -0.17 30.49 Jul 30.87 60.25 2.39 33.65 28.28 -0.17 31.74 Central Asia 5/ Jun 1.94 5.29 0.02 3.75 1.54 0.00 1.95 Jul 1.94 5.29 0.02 3.75 1.54 0.00 1.95 Afr. Fr. Zone 6/ Jun 1.77 6.35 3/ 0.11 6.08 0.00 1.93 Jul 2.07 6.35 3/ 0.11 6.03 0.00 2.27 S. Hemis. 7/ Jun 18.65 20.76 0.15 4.18 16.71 -0.18 18.85 Jul 18.65 20.56 0.15 4.18 16.51 -0.18 18.85 Australia Jun 3.80 5.50 3/ 0.01 5.70 -0.19 3.78 Jul 4.20 5.50 3/ 0.01 6.00 -0.19 3.88 filler filler filler filler filler filler filler Brazil Jun 12.74 13.20 0.02 3.20 9.80 0.00 12.96 Jul 12.34 13.00 0.02 3.20 9.30 0.00 12.86 India Jun 7.84 27.50 1.70 25.50 4.00 0.00 7.54 Jul 7.94 27.50 1.70 25.00 3.70 0.00 8.44 Major Importers 8/ Jun 46.31 41.07 42.71 80.75 2.69 0.07 46.57 Jul 47.00 41.07 41.60 79.64 2.69 0.07 47.27 Mexico Jun 0.35 1.33 1.10 1.90 0.40 0.03 0.45 Jul 0.35 1.33 1.10 1.90 0.40 0.03 0.45 China Jun 36.68 27.50 10.50 38.00 0.05 0.00 36.63 Jul 37.38 27.50 10.00 37.50 0.05 0.00 37.33 European Union 9/ Jun 0.23 1.58 0.58 0.61 1.53 0.00 0.26 Jul 0.24 1.58 0.58 0.61 1.53 0.00 0.26 Turkey Jun 2.86 4.30 5.00 8.60 0.65 0.00 2.91 Jul 2.86 4.30 5.00 8.60 0.65 0.00 2.91 Pakistan Jun 1.79 6.20 5.00 11.10 0.05 0.03 1.82 Jul 1.79 6.20 5.00 11.10 0.05 0.03 1.82 Indonesia Jun 0.49 3/ 2.50 2.50 0.01 0.00 0.49 Jul 0.49 3/ 2.50 2.50 0.01 0.00 0.49 Thailand Jun 0.10 3/ 0.70 0.70 0.00 0.01 0.09 Jul 0.10 3/ 0.70 0.70 0.00 0.01 0.09 Bangladesh Jun 2.54 0.16 8.80 8.90 0.00 0.01 2.59 Jul 2.54 0.16 8.50 8.60 0.00 0.01 2.59 Vietnam Jun 1.03 3/ 7.50 7.40 0.00 0.00 1.13 Jul 1.03 3/ 7.20 7.10 0.00 0.00 1.13 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. July 2022 WASDE - 626 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 94.65 368.13 165.47 315.14 363.90 164.52 99.83 World Less China 70.04 348.52 65.71 222.14 251.16 164.45 68.66 United States 14.28 114.75 0.54 58.26 61.05 61.52 6.99 Total Foreign 80.38 253.38 164.93 256.88 302.85 103.00 92.83 Major Exporters 3/ 47.41 197.31 5.86 90.21 100.84 94.81 54.93 Argentina 26.65 46.20 4.82 40.16 47.41 5.20 25.06 Brazil 20.42 139.50 1.02 46.68 49.88 81.65 29.40 Paraguay 0.33 9.90 0.02 3.30 3.47 6.33 0.45 Major Importers 4/ 27.91 23.25 133.41 122.10 149.91 0.27 34.39 China 24.61 19.60 99.76 93.00 112.74 0.07 31.16 European Union 1.66 2.60 14.79 15.80 17.46 0.19 1.40 Southeast Asia 0.97 0.59 9.68 4.74 10.05 0.01 1.18 Mexico 0.37 0.25 6.10 6.20 6.25 0.00 0.46 2021/22 Est. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 99.83 352.74 153.44 313.74 363.13 154.16 88.73 World Less China 68.66 336.34 63.44 226.74 256.41 154.06 57.99 United States 6.99 120.71 0.41 60.01 63.20 59.06 5.85 Total Foreign 92.83 232.04 153.04 253.73 299.93 95.10 82.88 Major Exporters 3/ 54.93 176.22 3.50 91.28 101.85 88.10 44.70 Argentina 25.06 44.00 2.90 40.40 47.61 2.25 22.10 Brazil 29.40 126.00 0.55 49.25 52.50 81.00 22.46 Paraguay 0.45 4.20 0.04 1.55 1.67 2.90 0.13 Major Importers 4/ 34.39 20.19 123.19 116.40 144.24 0.36 33.17 China 31.16 16.40 90.00 87.00 106.72 0.10 30.74 European Union 1.40 2.73 14.70 15.90 17.62 0.25 0.96 Southeast Asia 1.18 0.53 9.19 4.70 9.99 0.01 0.89 Mexico 0.46 0.29 6.00 6.30 6.35 0.00 0.40 2022/23 Proj. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ Jun 86.15 395.37 167.12 327.18 377.86 170.31 100.46 Jul 88.73 391.40 166.12 327.13 377.75 168.89 99.61 World Less China Jun 55.40 377.87 68.12 232.18 262.27 170.21 68.90 Jul 57.99 373.90 68.12 232.13 262.16 168.79 69.05 United States Jun 5.58 126.28 0.41 61.37 64.78 59.87 7.61 Jul 5.85 122.61 0.41 61.10 64.49 58.11 6.27 Total Foreign Jun 80.57 269.09 166.71 265.81 313.08 110.44 92.85 Jul 82.88 268.79 165.71 266.03 313.25 110.79 93.34 Major Exporters 3/ Jun 42.60 212.50 5.57 93.33 104.09 102.13 54.46 Jul 44.70 212.50 5.57 93.83 104.59 102.63 55.55 Argentina Jun 20.65 51.00 4.80 41.00 48.25 4.70 23.50 Jul 22.10 51.00 4.80 41.00 48.25 4.70 24.95 Brazil Jun 21.86 149.00 0.75 49.00 52.35 88.50 30.76 Jul 22.46 149.00 0.75 49.50 52.85 89.00 30.36 Paraguay Jun 0.09 10.00 0.01 3.25 3.41 6.50 0.19 Jul 0.13 10.00 0.01 3.25 3.41 6.50 0.23 Major Importers 4/ Jun 33.32 21.53 133.53 125.20 154.15 0.33 33.89 Jul 33.17 21.53 132.53 125.10 154.05 0.33 32.84 China Jun 30.74 17.50 99.00 95.00 115.59 0.10 31.56 Jul 30.74 17.50 98.00 95.00 115.59 0.10 30.56 European Union Jun 0.96 3.00 15.00 16.10 17.93 0.22 0.81 Jul 0.96 3.00 15.00 16.10 17.93 0.22 0.81 Southeast Asia Jun 0.94 0.50 9.88 5.00 10.42 0.02 0.88 Jul 0.89 0.50 9.88 4.95 10.37 0.02 0.88 Mexico Jun 0.50 0.30 6.35 6.60 6.65 0.00 0.50 Jul 0.40 0.30 6.35 6.55 6.60 0.00 0.45 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports . Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to roun ding. July 2022 WASDE - 626 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 15.30 247.60 63.73 243.28 68.82 14.53 World Less China 15.30 173.95 63.66 170.60 67.77 14.53 United States 0.31 45.87 0.71 34.09 12.49 0.31 Total Foreign 14.99 201.73 63.02 209.19 56.33 14.22 Major Exporters 3/ 6.91 75.10 0.26 28.42 46.93 6.92 Argentina 2.57 31.32 0.00 3.28 28.33 2.29 Brazil 3.77 36.18 0.02 19.15 16.58 4.25 India 0.57 7.60 0.24 6.00 2.03 0.38 Major Importers 4/ 2.41 22.86 37.26 59.50 1.12 1.91 European Union 0.79 12.48 16.53 28.39 0.85 0.56 Mexico 0.15 4.90 1.85 6.75 0.01 0.15 Southeast Asia 5/ 1.28 3.69 17.05 20.71 0.27 1.05 China 0.00 73.66 0.07 72.68 1.05 0.00 2021/22 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 14.53 246.10 63.97 242.05 68.65 13.90 World Less China 14.53 177.19 63.91 173.69 68.05 13.90 United States 0.31 46.86 0.54 34.93 12.43 0.36 Total Foreign 14.22 199.23 63.43 207.13 56.22 13.54 Major Exporters 3/ 6.92 77.45 0.49 29.35 48.20 7.31 Argentina 2.29 31.52 0.00 3.32 28.30 2.19 Brazil 4.25 38.17 0.02 19.60 18.50 4.34 India 0.38 7.76 0.48 6.44 1.40 0.78 Major Importers 4/ 1.91 23.09 38.05 60.02 1.18 1.85 European Union 0.56 12.56 16.80 28.49 0.85 0.58 Mexico 0.15 4.98 1.90 6.88 0.01 0.14 Southeast Asia 5/ 1.05 3.66 17.55 20.95 0.32 0.99 China 0.00 68.90 0.06 68.36 0.60 0.00 2022/23 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Jun 13.57 256.85 65.20 251.43 70.05 14.15 Jul 13.90 256.84 65.07 251.70 69.88 14.24 World Less China Jun 13.57 181.61 65.15 177.14 69.05 14.15 Jul 13.90 181.60 65.02 177.41 68.88 14.24 United States Jun 0.36 48.13 0.41 35.38 13.06 0.45 Jul 0.36 47.95 0.41 35.56 12.70 0.45 Total Foreign Jun 13.21 208.73 64.79 216.05 56.98 13.69 Jul 13.54 208.89 64.66 216.13 57.18 13.78 Major Exporters 3/ Jun 7.08 78.11 0.12 30.03 48.10 7.17 Jul 7.31 78.34 0.12 30.33 48.20 7.24 Argentina Jun 2.15 31.98 0.00 3.38 28.50 2.25 Jul 2.19 31.98 0.00 3.38 28.50 2.30 Brazil Jun 4.30 37.97 0.02 20.15 17.70 4.44 Jul 4.34 38.36 0.02 20.15 18.10 4.46 India Jun 0.63 8.16 0.10 6.51 1.90 0.48 Jul 0.78 8.00 0.10 6.81 1.60 0.48 Major Importers 4/ Jun 1.90 23.72 38.30 60.83 1.11 1.98 Jul 1.85 23.64 38.30 60.83 1.11 1.85 European Union Jun 0.58 12.72 16.75 28.59 0.80 0.65 Jul 0.58 12.72 16.75 28.69 0.80 0.55 Mexico Jun 0.18 5.22 1.93 7.13 0.01 0.18 Jul 0.14 5.18 1.93 7.05 0.01 0.19 Southeast Asia 5/ Jun 1.01 3.90 17.80 21.40 0.31 1.00 Jul 0.99 3.86 17.80 21.38 0.31 0.97 China Jun 0.00 75.24 0.05 74.29 1.00 0.00 Jul 0.00 75.24 0.05 74.29 1.00 0.00 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. July 2022 WASDE - 626 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 5.30 59.18 11.73 58.49 12.58 5.14 World Less China 4.60 42.52 10.50 40.86 12.54 4.21 United States 0.84 11.35 0.14 10.58 0.78 0.97 Total Foreign 4.46 47.83 11.60 47.91 11.80 4.18 Major Exporters 3/ 1.53 20.54 0.75 12.48 9.02 1.32 Argentina 0.55 7.93 0.00 2.04 6.14 0.30 Brazil 0.48 8.99 0.25 7.96 1.26 0.50 European Union 0.44 3.00 0.49 2.43 1.06 0.44 Major Importers 4/ 1.48 19.87 6.74 26.41 0.21 1.47 China 0.70 16.67 1.23 17.63 0.04 0.93 India 0.14 1.71 3.25 4.94 0.01 0.15 North Africa 5/ 0.43 0.99 1.61 2.61 0.13 0.29 2021/22 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 5.14 59.13 11.40 59.16 12.21 4.30 World Less China 4.21 43.54 10.80 42.41 12.12 4.02 United States 0.97 11.84 0.17 11.29 0.81 0.89 Total Foreign 4.18 47.29 11.23 47.88 11.40 3.42 Major Exporters 3/ 1.32 20.77 0.62 12.56 8.73 1.42 Argentina 0.30 7.98 0.04 2.55 5.35 0.41 Brazil 0.50 9.48 0.08 7.50 2.05 0.51 European Union 0.44 3.02 0.50 2.46 1.03 0.48 Major Importers 4/ 1.47 18.87 6.77 26.15 0.20 0.77 China 0.93 15.59 0.60 16.75 0.09 0.28 India 0.15 1.75 3.80 5.53 0.02 0.15 North Africa 5/ 0.29 1.01 1.62 2.58 0.09 0.25 2022/23 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Jun 4.32 61.51 12.15 60.86 12.80 4.32 Jul 4.30 61.48 12.14 60.65 12.81 4.46 World Less China Jun 4.03 44.49 11.05 43.16 12.71 3.70 Jul 4.02 44.46 11.04 42.95 12.72 3.85 United States Jun 0.89 11.99 0.23 11.70 0.64 0.76 Jul 0.89 11.93 0.23 11.66 0.64 0.75 Total Foreign Jun 3.43 49.52 11.92 49.16 12.16 3.56 Jul 3.42 49.55 11.91 49.00 12.17 3.71 Major Exporters 3/ Jun 1.42 21.21 0.60 12.48 9.45 1.31 Jul 1.42 21.31 0.60 12.53 9.45 1.36 Argentina Jun 0.42 8.10 0.00 2.32 5.90 0.30 Jul 0.41 8.10 0.00 2.37 5.80 0.35 Brazil Jun 0.51 9.44 0.10 7.65 1.90 0.50 Jul 0.51 9.53 0.10 7.65 2.00 0.49 European Union Jun 0.48 3.06 0.50 2.46 1.10 0.49 Jul 0.48 3.06 0.50 2.46 1.10 0.49 Major Importers 4/ Jun 0.85 20.53 7.19 27.22 0.21 1.14 Jul 0.77 20.49 7.19 27.11 0.21 1.13 China Jun 0.29 17.02 1.10 17.70 0.09 0.63 Jul 0.28 17.02 1.10 17.70 0.09 0.62 India Jun 0.22 1.84 3.70 5.58 0.02 0.17 Jul 0.15 1.80 3.70 5.47 0.02 0.17 North Africa 5/ Jun 0.25 1.13 1.61 2.62 0.11 0.27 Jul 0.25 1.13 1.61 2.62 0.11 0.27 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. July 2022 WASDE - 626 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2021 III 6,979 6,530 13,554 11,581 1,403 13,125 26,679 2,299 55.8 IV 7,106 7,185 14,341 11,193 1,366 12,689 27,030 2,371 55.4 Annual 27,948 27,675 55,815 44,899 5,558 50,995 106,810 9,238 226.3 2022 I 7,022 6,904 13,972 11,170 1,374 12,679 26,650 2,295 56.3 II 7,065 6,655 13,767 11,250 1,290 12,675 26,442 2,205 57.7 III* 7,090 6,525 13,661 11,625 1,330 13,095 26,756 2,235 56.0 IV* 6,745 7,075 13,869 11,250 1,365 12,740 26,609 2,315 56.0 Annual Jun Proj. 27,907 27,219 55,317 45,320 5,349 51,199 106,515 9,025 226.4 Jul Proj. 27,922 27,159 55,268 45,295 5,359 51,189 106,456 9,050 226.0 2023 I* 6,500 7,000 13,544 11,225 1,385 12,740 26,284 2,320 56.9 II* 6,350 6,545 12,938 11,400 1,410 12,945 25,883 2,370 58.1 Annual Jun Proj. 25,950 27,365 53,495 45,675 5,650 51,845 105,340 9,490 229.3 Jul Proj. 25,940 27,520 53,637 45,675 5,650 51,845 105,482 9,490 228.3 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2021 III 123.51 76.15 105.4 129.7 120.1 17.90 IV 132.36 56.36 110.9 133.4 131.8 20.67 Annual 122.40 67.29 101.2 122.8 118.5 18.53 2022 I 139.25 65.55 135.1 131.4 170.8 24.93 II 141.93 75.58 167.5 143.9 251.6 27.25 III* 139.00 76.00 159.0 161.0 235.0 25.80 IV* 145.00 66.00 150.0 155.0 185.0 26.65 Annual Jun Proj. 140.1 70.6 154.5 142.1 192.7 26.20 Jul Proj. 141.3 70.8 152.9 147.8 210.6 26.15 2023 I* 150.00 66.00 155.0 140.0 165.0 24.90 II* 152.00 74.00 156.0 142.0 145.0 24.10 Annual Jun Proj. 153 71 149 138 149 23.80 Jul Proj. 153 70 149 143 151 24.15 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. July 2022 WASDE - 626 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2021 716 28,016 3,346 32,078 3,441 676 27,962 58.9 2022 Proj. Jun 676 27,975 3,515 32,166 3,421 695 28,050 58.9 Jul 676 27,990 3,515 32,181 3,496 715 27,970 58.8 2023 Proj. Jun 695 26,018 3,200 29,913 2,940 640 26,333 55.1 Jul 715 26,008 3,200 29,923 2,980 640 26,303 55.0 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2021 467 27,690 1,180 29,337 7,026 446 21,865 51.1 2022 Proj. Jun 446 27,234 1,443 29,122 6,621 545 21,956 51.1 Jul 446 27,174 1,553 29,172 6,576 565 22,031 51.3 2023 Proj. Jun 545 27,380 1,440 29,365 6,510 580 22,275 51.7 Jul 565 27,535 1,625 29,725 6,515 610 22,600 52.4 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2021 1,217 55,906 4,890 62,014 10,470 1,147 50,397 111.5 2022 Proj. Jun 1,147 55,408 5,313 61,869 10,046 1,265 50,558 111.5 Jul 1,147 55,359 5,436 61,943 10,076 1,307 50,560 111.6 2023 Proj. Jun 1,265 53,587 5,010 59,862 9,454 1,244 49,164 108.3 Jul 1,307 53,729 5,195 60,231 9,499 1,277 49,455 108.9 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2021 830 44,419 155 45,403 7,355 705 37,343 96.6 2022 Proj. Jun 705 44,835 178 45,718 7,396 750 37,572 96.9 Jul 705 44,810 176 45,691 7,416 750 37,525 96.7 2023 Proj. Jun 750 45,186 152 46,088 7,465 750 37,873 97.3 Jul 750 45,186 152 46,088 7,465 750 37,873 97.3 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2021 223 5,558 22 5,804 548 166 5,090 15.3 2022 Proj. Jun 166 5,349 28 5,543 387 170 4,986 15.0 Jul 166 5,359 34 5,559 402 170 4,986 15.0 2023 Proj. Jun 170 5,650 28 5,848 395 170 5,283 15.8 Jul 170 5,650 28 5,848 395 170 5,283 15.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2021 1,057 50,514 180 51,751 7,947 874 42,930 113.4 2022 Proj. Jun 874 50,713 210 51,797 7,826 924 43,047 113.3 Jul 874 50,704 215 51,792 7,862 924 43,007 113.2 2023 Proj. Jun 924 51,356 183 52,463 7,900 924 43,639 114.5 Jul 924 51,356 183 52,463 7,900 924 43,639 114.5 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2021 2,274 106,420 5,070 113,765 18,418 2,021 93,327 224.9 2022 Proj. Jun 2,021 106,122 5,523 113,666 17,872 2,189 93,605 224.8 Jul 2,021 106,063 5,651 113,735 17,937 2,231 93,567 224.8 2023 Proj. Jun 2,189 104,943 5,193 112,325 17,354 2,168 92,803 222.8 Jul 2,231 105,085 5,378 112,694 17,399 2,201 93,094 223.4 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. July 2022 WASDE - 626 - 33 U.S. Egg Supply and Use Commodity 2020 2021 2022 Proj. 2022 Proj. 2023 Proj. 2023 Proj. Jun Jul Jun Jul Eggs Million Dozen Supply Beginning Stocks 31.6 24.5 19.1 19.1 19.0 19.0 Production 9,291.8 9,237.8 9,025.1 9,050.1 9,490.0 9,490.0 Imports 15.5 18.2 20.1 22.6 18.5 18.5 Total Supply 9,338.9 9,280.5 9,064.4 9,091.9 9,527.5 9,527.5 Use Exports 344.0 392.2 281.1 254.1 320.0 320.0 Hatching Use 1,078.5 1,103.7 1,125.9 1,120.9 1,140.0 1,140.0 Ending Stocks 24.5 19.1 19.0 19.0 21.0 21.0 Disappearance Total 7,891.8 7,765.5 7,638.4 7,697.9 8,046.5 8,046.5 Per Capita (number) 285.5 280.5 275.1 277.3 288.7 288.7 Total U.S. Milk Supply and Use Commodity 2020 2021 2022 Proj. 2022 Proj. 2023 Proj. 2023 Proj. Jun Jul Jun Jul Milk Billion Pounds Production 223.3 226.3 226.4 226.0 229.3 228.3 Farm Use 1.1 1.0 1.1 1.1 1.1 1.1 Fat Basis Supply Beginning Stocks 13.6 15.6 14.3 14.3 12.8 12.9 Marketings 222.2 225.2 225.4 224.9 228.2 227.3 Imports 6.8 6.5 7.0 7.1 6.9 6.9 Total Supply 242.6 247.4 246.7 246.3 247.9 247.0 Fat Basis Use Exports 9.3 11.5 12.0 12.2 11.6 11.6 Ending Stocks 15.6 14.3 12.8 12.9 13.6 13.6 Domestic Use 217.8 221.5 221.8 221.2 222.7 221.8 Skim -solid Basis Supply Beginning Stocks 10.2 10.9 11.1 11.1 11.0 11.2 Marketings 222.2 225.2 225.4 224.9 228.2 227.3 Imports 5.6 5.8 6.1 6.1 6.0 6.0 Total Supply 238.0 241.9 242.5 242.1 245.2 244.4 Skim -solid Basis Use Exports 47.2 50.8 50.1 50.5 50.9 51.0 Ending Stocks 10.9 11.1 11.0 11.2 11.7 12.0 Domestic Use 179.9 180.0 181.4 180.5 182.5 181.4 Total Dairy domestic use for 2020 includes additional milk marketed but not processed. Note: Totals may not add due to rounding. July 2022 WASDE - 626 - 34 U.S. Dairy Prices Commodity 2020 2021 2022 Proj. 2022 Proj. 2023 Proj. 2023 Proj. Jun Jul Jun Jul Product Prices 1/ Dollars Per Pound Cheese 1.9236 1.6755 2.195 2.185 2.050 2.070 Butter 1.5808 1.7325 2.765 2.780 2.385 2.440 Nonfat Dry Milk 1.0417 1.2693 1.755 1.755 1.620 1.645 Dry Whey 0.3621 0.5744 0.640 0.640 0.520 0.515 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 18.16 17.08 22.90 22.80 20.65 20.85 Class IV 13.49 16.09 24.65 24.70 21.90 22.30 All Milk 3/ 18.13 18.53 26.20 26.15 23.80 24.15 All prices are January -December averages. 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation. July 2022 WASDE - 626 - 35 Reliability of July Projections 1/ Note: Tables on pages 35 -37 present a record of the July projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 2.7 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 4.6 percent. Th e average difference between the July projection and the final estimate is 13.9 million tons, ranging from 1 million to 34.6 million tons. The July projection has been below the estimate 24 times and above 17 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 2.7 4.6 13.9 1.0 34.6 24 17 U.S. 3.5 5.9 1.5 0.0 6.2 19 22 Foreign 3.0 5.0 13.6 0.3 34.7 25 16 Exports World 5.9 9.9 6.5 0.2 18.7 27 14 U.S. 11.4 19.3 2.7 0.2 10.0 23 18 Foreign 7.2 12.1 6.2 0.1 21.3 28 13 Domestic Use World 2.0 3.4 9.7 0.3 30.0 25 16 U.S. 7.1 11.9 1.8 0.0 5.0 15 26 Foreign 2.0 3.4 9.4 1.3 29.8 27 14 Ending Stocks World 9.5 16.0 12.2 0.1 35.3 28 13 U.S. 17.9 30.2 3.0 0.2 13.9 23 18 Foreign 9.9 16.7 10.6 1.2 31.7 28 13 COARSE GRAINS 2/ Production World 2.8 4.8 22.5 1.3 68.4 22 19 U.S. 9.8 16.5 15.2 0.0 57.9 19 22 Foreign 2.5 4.3 14.4 1.1 53.0 22 19 Exports World 7.6 12.8 7.7 0.6 23.8 28 13 U.S. 25.6 43.2 8.0 0.2 24.4 16 25 Foreign 13.7 23.1 7.2 0.2 19.7 28 13 Domestic Use World 1.7 2.9 14.1 0.0 46.0 22 19 U.S. 4.4 7.4 6.9 0.0 22.2 25 16 Foreign 1.9 3.3 11.7 1.0 40.6 23 18 Ending Stocks World 18.3 30.9 22.6 1.6 171.9 26 15 U.S. 43.1 72.5 13.1 0.5 50.5 18 23 Foreign 16.0 27.0 15.1 0.2 155.2 30 11 RICE, milled Production World 2.3 3.9 6.9 0.4 24.0 26 15 U.S. 5.4 9.0 0.3 0.0 0.8 20 19 Foreign 2.4 4.0 6.8 0.5 24.3 26 15 Exports World 9.1 15.3 1.9 0.0 6.7 29 12 U.S. 10.5 17.7 0.2 0.0 1.0 17 20 Foreign 9.9 16.7 1.8 0.0 6.5 29 12 Domestic Use World 1.9 3.3 4.7 0.2 22.9 26 15 U.S. 8.2 13.7 0.2 0.0 0.5 15 25 Foreign 2.0 3.3 4.7 0.2 22.9 26 15 Ending Stocks World 13.4 22.6 7.0 0.1 26.5 31 10 U.S. 28.7 48.4 0.3 0.0 1.0 24 16 Foreign 14.7 24.7 7.0 0.2 26.0 32 9 1/ Footnotes at end of table. CONTINUED July 2022 WASDE - 626 - 36 Reliability of July Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 5.2 8.7 8.0 0.5 33.2 19 22 U.S. 6.9 11.6 3.6 0.0 11.7 22 19 Foreign 7.6 12.8 7.2 1.0 34.1 21 20 Exports World 7.7 13.0 4.0 0.0 17.0 26 15 U.S. 12.8 21.6 3.0 0.1 9.3 23 18 Foreign 19.3 32.6 3.3 0.0 19.5 24 17 Domestic Use World 3.8 6.3 5.6 0.5 16.4 23 18 U.S. 5.0 8.5 1.6 0.0 4.9 24 17 Foreign 4.1 6.9 5.0 0.1 16.1 23 18 Ending Stocks World 15.1 25.5 5.0 0.0 26.1 22 19 U.S. 62.2 104.8 3.0 0.0 13.4 14 27 Foreign 18.5 31.2 4.4 0.0 21.8 26 15 COTTON Million 480 -Pound Bales Production World 5.6 9.4 3.8 0.0 14.9 23 18 U.S. 10.1 16.9 1.4 0.1 5.3 21 20 Foreign 5.7 9.6 3.0 0.0 12.1 21 19 Exports World 10.2 17.2 2.4 0.1 11.6 23 18 U.S. 26.4 44.4 1.3 0.1 3.6 24 17 Foreign 13.3 22.4 1.9 0.0 9.8 19 22 Domestic Use World 5.3 8.9 3.5 0.0 21.6 19 22 U.S. 10.2 17.2 0.5 0.0 1.4 19 21 Foreign 5.3 9.0 3.4 0.1 21.0 18 23 Ending Stocks World 15.9 26.8 6.2 0.2 20.1 25 16 U.S. 42.3 71.2 1.5 0.1 4.9 18 23 Foreign 15.6 26.2 5.3 0.5 19.5 27 14 1/ Marketing years 1981/82 through 2021/22 for grains, soybeans (U.S. only), and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2020/21, and for 2021/22 the last mo nth’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. July 2022 WASDE - 626 - 37 Reliability of United States July Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 10.7 18.0 553 12 2,190 22 19 Exports 26.8 45.0 286 0 900 16 23 Domestic Use 4.8 8.0 266 0 770 25 15 Ending Stocks 51.5 86.7 476 11 1,840 19 22 SORGHUM Production 17.7 29.7 66 3 213 24 17 Exports 40.0 67.4 48 0 170 20 20 Domestic Use 29.3 49.4 52 3 139 17 24 Ending Stocks 64.7 109.0 44 0 174 15 25 BARLEY Production 7.6 12.7 19 0 87 14 26 Exports 63.9 107.6 13 0 92 25 14 Domestic Use 9.8 16.5 24 0 87 16 24 Ending Stocks 21.5 36.2 24 0 114 17 23 OATS Production 12.5 21.0 19 0 144 6 33 Exports 93.7 157.8 1 0 8 12 12 Domestic Use 6.8 11.5 16 0 67 11 26 Ending Stocks 23.6 39.8 14 0 68 16 24 SOYBEAN MEAL Thousand Short Tons Production 5.1 8.5 1,218 118 4,432 29 12 Exports 14.7 24.8 863 50 2,450 23 18 Domestic Use 5.5 9.2 911 76 4,470 20 21 Ending Stocks 38.9 65.5 49 0 413 11 18 SOYBEAN OIL Million Pounds Production 4.8 8.1 597 55 2,130 30 11 Exports 33.6 56.6 422 0 1,575 23 17 Domestic Use 4.3 7.2 503 0 2,300 23 17 Ending Stocks 38.6 64.9 467 15 1,568 21 20 ANIMAL PROD. Million Pounds Beef 3.8 6.4 728 60 2,677 19 9 Pork 2.9 4.9 454 20 1,372 13 15 Broilers 2.1 3.6 609 20 1,338 12 16 Turkeys 3.9 6.6 166 2 468 10 18 Million Dozen Eggs 1.8 3.1 107 4 445 19 9 Billion Pounds Milk 1.6 2.7 2.4 0.1 7.0 16 12 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2021/22 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate followin g the marketing year for 1981/82 through 2021/22. Calendar years 1994 through 2021 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1994 -2021. WASDE- 626-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. IPAD is located at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ Click to receive WASDE -related notifications b y email Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at [email protected] World A gricultural Supply and Demand Estimates WASDE -626 – July 12, 2022 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 577 Approved by the World Agricultural Outlook Board May 10, 2018 Note: This report presents USDA’s initial assessment of U.S. and world crop supply and demand prospects and U.S. prices for 2018/19. Also presented are the first calendar -year 2019 projections of U.S. livestock, poultry, and dairy products. Due to spring plan ting still underway in the Northern Hemisphere, and being several months away in the Southern Hemisphere, these projections are highly tentative. Forecasts for U.S. winter wheat area, yield, and production are from the May 10 Crop Production report. Fo r other U.S. crops, the March 29 Prospective Plantings report is used for planted acreage. Methods used to project 2018/19 harvested acreage and yield are noted in each table. WHEAT: The 2018/19 U.S. wheat crop is projected at 1,821 million bushels, up 5 percent from the prior year. The year -over-year increase is due to greater harvested area and slightly higher yield. Reduced beginning stocks and imports bring total supplies down 49 million bushels from the previous year. The all wheat yield is projected at 46.8 bushels per acre, up slightly from 2017/18. Winter wheat yields are below average in the drought affected states of Kansas, Oklahoma, and Texas. Combined spring wheat and Durum production for 2018/19 is projected to increase 34 percent from the previous year’s low, which is due to both increased area and yield. Total 2018/19 use is projected up 3 percent on higher food, feed and residual, and exports. Food use is projec ted at a record 965 million bushels, up 2.0 million bushels from the previous year’s revised estimate. U.S. feed and residual use is projected at 120 million bushels, up 50 million bushels from last year’s low level but still below the 5- year-average. Ex ports are projected at 925 million bushels, up 15 million bushels from the revised 2017/18 total. Ending stocks for 2018/19 are projected down 115 million bushels to 955 million, which if realized would be a 4- year-low. The season- average farm price is projected at a range of $4.5 0 to $5.50 per bushel. The midpoint of this range is up $0.30 per bushel from the previous year and the highest since 2014/15. Global wheat supplies for 2018/19 are projected to increase fractionally as higher beginning stock s are partially offset by a production decline following last year’s record. Global wheat production is projected at 747.8 million tons, down 10.6 million from the previous year’s record. Most of the year -over-year production decline stems from a 13.0- million-ton reduction for Russia. Global wheat consumption is projected at a record 753.9 million tons, up 10.1 million from 2017/18. Global imports are expected to increase 3.5 million tons in 2018/19 for the sixth consecutive record. With total use risi ng faster than supplies, global ending stocks are projected to decline 6.1 million tons to 264.3 million. COARSE GRAINS: The U.S. feed -grain outlook for 2018/19 is for lower production, domestic use, exports and ending stocks. The corn crop is projected at 14.0 billion bushels, down from last year with a lower forecast area and yield. The yield projection of 174.0 bushels per acre is based on a weather - adjusted trend assuming normal planting progress and summer growing season w eather, estimated using the 1988- 2017 time period. With beginning stocks down from a year ago, total corn supplies at 16.3 billion bushels , if realized would be down 675 million from the prior year. Total U.S. corn use in 2018/19 is forecast to decline modestly from a year ago on reductions in domestic use and exports. Food, seed, and industrial (FSI) use is projected to rise 75 million bushels to 7.1 billion, driven by an expected increase in the amount of corn used to produce ethanol for fuel and grow th in non- ethanol FSI. Corn used to produce ethanol is up 50 million bushels mostly reflecting expectations of gasoline consumption growth. Sorghum FSI is up 55 million bushels on an expected increase in the amount of sorghum used to produce ethanol. Feed and residual use for corn is projected lower as a smaller crop, increased use of ethanol by -products, and higher expected prices more than offset growth in grain consuming animal units. WASDE- 577-2 U.S. corn exports are forecast to decline 125 million bushels in 2018/19. Reduced exports out of Argentina and Brazil during 2017/18 (local marketing years beginning March 2018) are expected to boost U.S. exports during the first half of 2018/19. However, a nearly 265- million -bushel increase in the combined corn expor ts for Ukraine and Russia in 2018/19 will likely increase competition for the United States, reducing the forecast U.S. share of global corn trade from a year ago. With total U.S. corn supply falling faster than use, 2018/19 U.S. ending stocks are down 50 0 million bushels from last year to 1.7 billion. The season- average farm price is projected at $3.30 to $4.30 per bushel, up 40 cents at the midpoint from 2017/18. The global coarse grain outlook for 2018/19 is for higher production, increased use and lower ending stocks. Corn production is forecast up from a year ago, with the largest increases for China, Brazil, Argentina, Ukraine, and Russia. Global corn use is expected to grow 2 percent, while global corn imports are projected to increase 5 percent. Notable forecast increases in corn imports include Vietnam, China, Bangladesh, Iran, Malaysia, Mexico, and Saudi Arabia. Global corn ending stocks are down 35.8 million tons from a year ago, and if realized would be the lowest since 2012/13. For China, total corn supply is down 11 million tons in 2018/19, as larger production and imports are more than offset by lower beginning stocks. Corn area is projected higher based on current cash and futures prices that are above a year ago. Total coar se grain imports are forecast at 16.1 million tons, down 1.1 million from 2017/18, but still the fourth largest in the world behind Mexico, Japan, and the EU. World market prices for coarse grains are expected to remain below China’s domestic corn prices, particularly in the feed deficit south , thus driving expected demand for imported feedstuffs in 2018/19. RICE : The 2018/19 outlook for U.S. rice is for higher supplies, exports, domestic use, and ending stocks. U.S. all rice production is projected at 203.2 million cwt, up 14 percent from the previous year, primarily on a larger expected long- grain crop. Total rice s upplies are projected to increase 5 percent to 263.5 million cwt, mainly on long- grain. U.S. 2018/19 total use is projected at 223.0 million cwt, up 3 percent from 2017/18 with both domestic and residual use and exports higher. Long- grain exports are projected up 4 percent to 72.0 million cwt on improved price competitiveness with increased exportable supplies. Medium - and short -grain exports are projected 7 percent higher to 29.0 million cwt on expanding exports to the Mediterranean region with reduced Egyptian competition. All rice ending stocks are projected at 40.5 million cwt, up 18 percent from 2017/18 with most of the increase for long- grain. The 2018/19 all rice season- average farm price is projected at $11.90 to $12.90 per cwt, down $0.20 from last year’s revised midpoint. The 2018/19 global rice outlook is for record- high production, consumption, and trade. World rice production is projected at 489.5 million tons, up slightly from 2017/18 primarily on larger crops for Bangladesh, Thailand, and the United States more than offsetting reductions for China and India. Global rice c onsumption is projected at 488.6 million tons, up 2 percent from 2017/18 and led by China. Global exports are projected at 49.3 million tons, up modestly from 2017/18 but continuing the multi -year trend of expanding exports. World 2018/19 ending stocks are projected at 144.7 million tons, up marginally fro m 2017/18. China is projected to hold the majority of stocks at 67 percent of the total. OILSEEDS : The 2018/19 outlook for U.S. soybeans is for higher supplies, crush, exports, and lower ending stocks compared to 2017/18. The soybean crop is projected at 4,280 million bushels, down 112 million from last year’s record crop on lower harvested area and tr end yields. With higher beginning stocks, soybean supplies are projected at 4,835 million bushels, up 2 percent from 2017/18. Total U.S. oilseed production for 2018/19 is forecast at 127.3 million tons, down 3.7 million from 2017/18 mainly on lower soybean production. Production forecasts are also lower for peanuts, cottonseed, and sunflowerseed, but higher for canola. The U.S. soybean crush for 2018/19 is projected at 1,995 million bushels, up slightly from the revised 2017/18 forecast with higher soybean meal disappearance offset by lower projected soybean meal exports. Soybean meal exports are forecast lower as Argentina’s export share recovers from the effects WASDE- 577-3 of drought in 2017/18. U.S. soybean exports are forecast at 2,290 million bushels for 2 018/19, up 225 million from 2017/18. With forecast global soybean import growth of 5 percent, the U.S. soybean export share is projected at 39 percent, up from 2017/18 but otherwise the lowest since 2012/13. Reduced stocks in South America this fall will limit export competition during the first half of the 2018/19 marketing year. U.S. ending stocks for 2018/19 are projected at 415 million bushels, down 115 million from the revised 2017/18 forecast. The 2018/19 U.S. season- average soybean price range is forecast at $8.75 to $11.25 per bushel compared with $9.35 per bushel in 2017/18. Soybean meal prices are forecast at $330 to $370 per short ton, compared with $360 per ton for 2017/18. Soybean oil prices are forecast at 29.5 to 33.5 cents per pound com pared with 30.5 cents for 2017/18. The 2018/19 global oilseed supply and demand forecasts include higher production, crush, exports, and lower ending stocks compared to 2017/18. Global oilseed production is projected up 20.9 million tons to 593.7 million, with higher soybean, sunflower, rapeseed, palm kernel, and copra partly offset by lower peanuts and cottonseed. Global soybean production is projected up 17.8 million tons to 354.5 million mostly due to recovery from drought in Argentina. Soybean produ ction for Argentina is projected up 17.0 million tons to 56.0 million. P roduction for Brazil is flat with the revised 2017/18 crop at 117 million tons as a 4 percent increase in harvested area is offset with a return to trend yields. The 2018/19 soybean crop for China is down 0.1 million tons to 14.1 million with a lower yield and flat harvested area as producers expand area in more profitable crops. Global protein meal consumption is projected to increase 4 percent in 2018/19, with China accounting f or the largest share of the increase despite below -average growth in protein meal consumption. As a result of higher protein meal demand, global crush is projected up 19.9 million tons to 509.4 million and protein meal exports are up 1.7 million tons to 90.4 million. Global vegetable oil consumption is projected at 198.6 million tons, up 7.1 million led by increases for China, India, and Indonesia. Soybean oil production gains are forecast for China and palm oil gains for Indonesia and Malaysia. Global vegetable oil ending stocks are projected up 2.0 million tons and nearing levels seen prior to the impact of El Niño on vegetable oil production in 2015/16. Global oilseed exports are up 11.2 million tons to 186.4 million in 2018/19, with soybeans account ing for most of the increase. Soybean exports for Argentina and the United States are expected to regain global market share after declining in 2017/18. Chin a soybean imports are forecast to reach a record 103 million tons, up 6 million from 2017/18. Wi th higher soybean crush and exports, global soybean ending stocks are down 5.5 million tons to 86.7 million. SUGAR : U.S. beet sugar production for the 2018/19 August/July crop year is forecast at 4.980 million short tons, raw value (STRV) based on pros pective plantings from NASS, recent year trends in yields, and the pace of plantings through early May. Adjus tments for production in August/ September result in fiscal year (FY) 2017/18 production at 5.221 million STRV and FY 2018/19 production at 5.036 m illion. U.S. cane sugar production for 2018/19 is projected at 3.945 million STRV based on yield trends and expected area harvested. Imports for 2018/19 are projected at 3.365 million STRV and are comprised of TRQ imports of 1.355 million; re- export imports of 350,000; imports from Mexico of 1.645 million; and high -tier tariff imports of 15,000. Projected 2018/19 TRQ imports of specialty sugar include only the WTO minimum quantity as additional quantities have not been announced by the Secretary of Agric ulture. Exports for 2018/19 are projected at 50,000 STRV and deliveries to domestic users are projected at 12.655 million. Ending stocks are residually projected at 1.542 million STRV, implying a stocks -to-use ratio of 12.1 percent. Mexico sugar production for 2017/18 is estimated at 5.970 million metric tons (MT) based on lower estimated area harvested. Deliveries for human consumption for 2017/18 are reduced by 159,035 MT based on the slow pace in the first half of the year that is to be only partially offset by an expected increase in pace during the second half. Ending stocks are estimated at 1.243 million for domestic consumption in 2018/19 before the start of the campaign and for refined sugar that can be exported to the United States in 2018/19 at a higher return than expected in the world market. Exports for 2017/18 to non-U.S. destinations are residually reduced by 155,388 MT. WASDE- 577-4 Mexico sugar production for 2018/19 is projected at 6.025 million MT assuming area harvested at 78 0,000 hectares, cane yield of 68.8 MT per hectare, and industrial recovery of 11.23 percent. Relatively higher per capit a 2018/19 sweetener consumption, at 48.5 kilograms, reflects lower domestic sugar prices than witnessed in 2017/08. With high fructose corn syrup consumption at the same level as in 2017/18, sugar deliveries for human consumption are projected at 4.562 million MT. Exports inclu de shipments to the U.S. market -projected at the expected level of U.S. Needs as defined in the amended Suspension Agreements -plus 10,000 MT to non- U.S. destinations. Ending stocks are projected residually at 983,073 MT. LIVESTOCK, POULTRY, AND DAIRY : Total U.S. red meat and poultry production for 2019 is forecast above 2018. Beef production is forecast above 2018 on higher slaughter and heavier carcass weight s. Pork production in 2019 is forecast to increase as expected growth in farrowings and pigs per litter will support larger pig crops. Hog weights are also forecast higher in 2019. Broiler produc tion is expected to surpass 2018 as the industry responds to favorable broiler prices . Turkey production is forecast to slowly increase as prices move above year -earlier levels beginning in late 2018. Egg production is forecast higher as the sector conti nues to respond to favorable prices during much of 2018. The total red meat and poultry production forecast for 2018 is lowered from last month . Cattle slaughter in the second quarter has been slower than anticipated, and the pace of marketings in the second half of the year is slowed. However, carcass weights are incre ased for second half of the year, partly offsetting the reduction in the slaughter forecast. The second- quarter pork production forecast is reduced on the current pace of slaughter, but the forecast for the second half of the year is unchanged. Broiler production is adjusted for March slaughter data, the forecast is unchanged. Turkey production forecasts are reduced from the previous month on slow rec overy in demand and lower first -quarter -production. Egg production for 2018 is reduced slightly on first -quarter -production data; no change is made to the outlying quarters. For 2019, larger beef supplies and firm global demand are expected to support stronger U.S. beef exports relative to 2018. Pork exports are forecast to increase next year as expanding supplies and competitive prices support demand for U.S. pork. Beef and pork imports are forecast higher in 2019. Broiler exports are forecast higher on expected continued gai ns in foreign demand. Changes to the 2018 red meat and poultry exports reflect March trade data, with no change to the outlying forecast. No change is made to the forecasts for beef imports for the outlying quarters, but pork imports are raised from the previous month on the current pace of trade. Egg supply and use tables are revised to reflect changes in egg trade and stock numbers. Information on the changes and historical supply and use data can be found at: https://www.usda.gov/oce/commodity/wasde/historical.htm For 2019, fed cattle and hog prices are forecast above 2018 as relatively strong demand absorbs expected increases in supplies. The 2019 broiler price is forecast lower than the previous year on increasing supplies and competition from expanding red meat supplies. Turkey pr ices are forecast to increase with slow growth in supply and streng thening demand. Egg prices are reduced in 2019 with slow growth in strengthening the spikes in early 2018 prices are not expected to be repeated in 2019. However, demand is expected to remain robust, in the face of increased production. The 2018 cattle price is little changed from last month, but the hog price is reduced. Broiler prices are raised on demand strength. The 2018 egg price forecast is reduced on current second- quarter prices, no change is made to outlying quarters. Turkey prices are lowered as the market continues to balance supplies with weaker -than- expec ted demand. Milk production for 2019 is forecast higher on gradual recovery in milk per cow. Cow numbers are expected to remain near 2018 levels. Commercial exports on both a fat and skim -solids basis are forecast higher than the previous year on robust global demand. Fat and skim -solids basis imports are unchanged from 2018. With stronger expected domestic and export demand, cheese, nonfat dry milk (NDM), and whey prices are forecast higher for 2019. Butter prices are forecast slightly lower. The Cl ass III price is forecast higher on WASDE- 577-5 stronger cheese and whey prices. The Class IV price is forecast higher also as a stronger expected NDM price more than offsets the lower butter price. The 2019 all milk price is forecast at $16.25 to $17.25 per cwt, sl ightly higher than 2018. The 2018 milk production forecast is reduced from the previous month on lowered milk cow numbers and slow growth in milk per cow. Exports are raised from the previous month on both a fat and skim -solids basis on strong global dem and. Imports are lowered on a fat and skim -solids basis. Cheese, butter, NDM and whey prices are raised from the previous month resulting in both Class III and Class IV prices being raised. The 2018 all milk price is increased to $16.20 to $16.70 per cw t. COTTON : The U.S. cotton projections for 2018/19 include smaller production, unchanged exports, and slightly higher ending stocks compared with 2017/18. Production is forecast at 19.5 million bales, based on 13.5 million planted acres as indicated in the March Prospective Plantings report. While planted area is expected higher in 2018/19, reduced precipitation to date in the Southwest suggests abandonment will likely rise from 2017/18’s below -average level. With higher abandonment and the U.S. yield falling from the previous year’s record- high, production is projected 7 percent lower than in 2017/18. Domestic mill use in 2018/19 is projected slightly higher at 3.4 million bales, while exports are expected to remain unchanged at 15.5 million. At 5.2 million bales, 2018/19 ending stocks are projected 500,000 bales higher than the year before, and equivalent to 28 percent of total use. The range for the marketing year average price received by producers is 55.0 to 75.0 cents per pound. For 2017/18, U.S. cotton production is reduced marginally from last month. The export forecast is increased 500,000 bales to 15.5 million bales as the expected U.S. share o f world trade rises, with ending stocks lowered accordingly. The world 2018/19 cotton projections show a decline in stocks of 4.5 million bales, as consumption once again exceeds production. Global production is expected to fall marginally, as area decli nes 1 percent. Expected production in India— the world’s largest producer —is unchanged from 2017/18. Lower production in the United States, Australia, and China is nearly offset by higher expected crops in Pakistan, Turkey, and Brazil. Global consumption is projected to r ise 3.9 percent to a new record high, as a growing world economy drives mill use higher around the world. Projected world trade is raised from 2017/18, as import -oriented consumers such as Vietnam and Bangladesh are accounting for a larger share of world consumption, and China’s imports rise. Ending stocks are projected down 4.5 million bales year to year, at 83.8 million bales, 67 percent of world consumption. An even larger decline is expected in China’s stocks, and stocks outside of C hina are expected to rise for the third consecutive year. For 2017/18, both world production and consumption is increased about 300,000 bales from last month, leaving ending stocks virtually unchanged. Production is higher in Uzbekistan and Australia and consumption is higher in Turkey and Uzbekistan. Australia’s expected exports are 300,000 bales lower, while higher exports are now expected for the United States, Chad, Benin, and Uzbekistan. Approved by the Secretary of Agriculture and t he Chairman of the World Agricultural Outlook Board, Seth D. Meyer , (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY : STEPHEN CENSKY SECRETARY OF AGRICULTURE DESIGNATE WASDE- 577-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers , ICEC Chair, WAOB, E -mail: wchambers @oce.usda.gov Jennifer Bond, ERS; Andrew Sowell, FAS; Pete Riley, FSA . Rice: William Chambers , ICEC Chair, WAOB, E-mail: wchambers @oce.usda.gov Nathan Childs, ERS; Rachel Trego, FAS; Sherrie Grimm, FSA. Feed Grains: Michael Jewison , ICEC Chair, WAOB, E-mail: [email protected] Tom Capehart, ERS; Yoonhee Macke , FAS; Thomas Gajnak , FSA . Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail: [email protected] Mark Ash, ERS; Bill George, FAS; Susan Proper, FSA . Cotton: Stephen MacDonald, ICEC Chair, WAOB, E -mail: [email protected] Leslie Meyer, ERS; James Johnson, FAS; Erik Dohlman , FSA . Sugar: Stephen Haley , ICEC Chair, WAOB, E -mail: shaley @oce.usda.gov Michael McConnell, ERS; Ro n Lord, FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Lindsay Kuberka, FAS; Ryan Pfirrmann- Powell, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Larry Haller, AMS; Sean Ramos, ERS; Claire Mezoughem , FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E -mail: [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ER S; Paul Kiendl, FAS; Milton Madison, FSA. In 2018, the WA SDE report will be released at 12:00pm Eastern Time on Jun 12, Jul 12, Aug 10, Sep 12, Oct 11, Nov 8, and Dec 11. WASDE- 577-7 T A B L E OF C O N T E N T S Page Highlights ................................ ................................ ................................ ............. 1 Interagency Commodity Estimates Committees ................................ .................... 6 World & U.S. Supply & Use for Grains ................................ ................................ .. 8 World & U.S. Supply & Use for Cotton ................................ ................................ .. 9 World & U.S. Supply & Use for Oilseeds ................................ ............................ 10 U.S. Wheat Supply & Use ................................ ................................ .................. 11 U.S. Wheat Supply & Use by Class ................................ ................................ .... 11 U.S. Feed Grain & Corn Supply & Use ................................ ............................... 12 U.S. Sorghu m, Barley & Oats Supply & Use ................................ ....................... 13 U.S. Rice Supply & Use ................................ ................................ ..................... 14 U.S. Soybeans & Products Supply & Use ................................ ........................... 15 U.S. Sugar Supply & Use ................................ ................................ ................... 16 Mexico Sugar Supply and Use ................................ ................................ ........... 16 U.S. Cotton Supply & Use ................................ ................................ .................. 17 World Wheat Supply & Use ................................ ................................ ................ 18 World Coarse Grains Supply & Use ................................ ................................ .... 20 World Corn Supply & Use ................................ ................................ .................. 22 World Rice Supply & Use ................................ ................................ ................... 24 World Cotton Supply & Use ................................ ................................ ................ 26 World Soybean Supply & Use ................................ ................................ ............ 28 World Soybean Meal Supply & Use ................................ ................................ .... 29 World Soybean Oil Supply & Use ................................ ................................ ....... 30 U.S. Quarterly Animal Product Production ................................ .......................... 31 U.S. Quarterly Prices for Animal Pro ducts ................................ .......................... 31 U.S. Meats Supply and Use ................................ ................................ ............... 32 U.S. Egg Supply & Use ................................ ................................ ...................... 33 U.S. Milk Supply and Use ................................ ................................ .................. 33 U.S. Dairy Prices ................................ ................................ ............................... 34 Reliability Tables ................................ ................................ ................................ 35 Related USDA Reports ................................ ................................ ...................... 38 Metric Conversion Factors ................................ ................................ ................. 38 Electronic Access and Subscriptions ...................................................................... 40 May 2018 WASDE - 577 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2016/17 2606.07 3231.03 428.77 2577.25 653.78 2017/18 (Est.) 2563.30 3217.07 420.19 2580.12 636.95 filler filler filler filler filler 2018/19 (Proj.) Apr NA NA NA NA NA 2018/19 (Proj.) May 2578.35 3215.31 434.58 2620.85 594.46 filler filler filler filler filler Wheat 2016/17 750.49 994.73 183.28 738.84 255.89 2017/18 (Est.) 758.38 1014.27 182.05 743.81 270.46 filler filler filler filler filler 2018/19 (Proj.) Apr NA NA NA NA NA 2018/19 (Proj.) May 747.76 1018.22 188.43 753.89 264.33 filler filler filler filler filler Coarse Grains 5/ 2016/17 1368.92 1616.87 198.25 1355.76 261.11 2017/18 (Est.) 1316.69 1577.80 189.73 1355.12 222.68 filler filler filler filler filler 2018/19 (Proj.) Apr NA NA NA NA NA 2018/19 (Proj.) May 1341.10 1563.77 196.85 1378.33 185.45 filler filler filler filler filler Rice, milled 2016/17 486.67 619.43 47.24 482.66 136.78 2017/18 (Est.) 488.23 625.01 48.41 481.19 143.81 filler filler filler filler filler 2018/19 (Proj.) Apr NA NA NA NA NA 2018/19 (Proj.) May 489.50 633.31 49.30 488.63 144.68 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2016/17 472.56 556.09 96.92 363.41 95.76 2017/18 (Est.) 437.29 541.33 90.73 362.47 88.14 filler filler filler filler filler 2018/19 (Proj.) Apr NA NA NA NA NA 2018/19 (Proj.) May 425.82 522.01 86.06 363.83 72.12 filler filler filler filler filler Wheat 2016/17 62.83 92.60 28.72 31.75 32.13 2017/18 (Est.) 47.37 83.72 24.77 29.83 29.13 filler filler filler filler filler 2018/19 (Proj.) Apr NA NA NA NA NA 2018/19 (Proj.) May 49.57 82.37 25.17 31.22 25.98 filler filler filler filler filler Coarse Grains 5/ 2016/17 402.61 454.15 64.50 327.48 62.17 2017/18 (Est.) 384.26 449.67 62.91 328.83 57.92 filler filler filler filler filler 2018/19 (Proj.) Apr NA NA NA NA NA 2018/19 (Proj.) May 369.80 431.27 57.68 328.74 44.85 filler filler filler filler filler Rice, milled 2016/17 7.12 9.34 3.70 4.17 1.46 2017/18 (Est.) 5.66 7.95 3.05 3.81 1.09 filler filler filler filler filler 2018/19 (Proj.) Apr NA NA NA NA NA 2018/19 (Proj.) May 6.45 8.37 3.21 3.87 1.29 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). May 2018 WASDE - 577 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2016/17 2,133.51 2,674.94 331.85 2,213.84 558.02 2017/18 (Est.) 2,126.01 2,675.74 329.47 2,217.65 548.82 filler filler filler filler filler 2018/19 (Proj.) Apr NA NA NA NA NA 2018/19 (Proj.) May 2,152.53 2,693.30 348.52 2,257.01 522.35 filler filler filler filler filler Wheat 2016/17 687.66 902.13 154.56 707.08 223.76 2017/18 (Est.) 711.01 930.55 157.29 713.98 241.34 filler filler filler filler filler 2018/19 (Proj.) Apr NA NA NA NA NA 2018/19 (Proj.) May 698.19 935.85 163.26 722.67 238.35 filler filler filler filler filler Coarse Grains 5/ 2016/17 966.30 1,162.71 133.75 1,028.27 198.94 2017/18 (Est.) 932.43 1,128.13 126.82 1,026.29 164.75 filler filler filler filler filler 2018/19 (Proj.) Apr NA NA NA NA NA 2018/19 (Proj.) May 971.30 1,132.50 139.17 1,049.59 140.59 filler filler filler filler filler Rice, milled 2016/17 479.55 610.10 43.54 478.49 135.31 2017/18 (Est.) 482.57 617.06 45.36 477.38 142.73 filler filler filler filler filler 2018/19 (Proj.) Apr NA NA NA NA NA 2018/19 (Proj.) May 483.05 624.95 46.09 484.76 143.40 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2016/17 106.66 201.66 37.38 114.76 86.92 2017/18 (Est.) 122.43 209.35 39.38 120.74 88.21 filler filler filler filler filler 2018/19 (Proj.) Apr NA NA NA NA NA 2018/19 (Proj.) May 121.19 209.39 41.12 125.44 83.75 filler filler filler filler filler United States 2016/17 17.17 20.98 14.92 3.25 2.75 2017/18 (Est.) 20.92 23.68 15.50 3.35 4.70 filler filler filler filler filler 2018/19 (Proj.) Apr NA NA NA NA NA 2018/19 (Proj.) May 19.50 24.21 15.50 3.40 5.20 filler filler filler filler filler Foreign 4/ 2016/17 89.49 180.68 22.46 111.51 84.17 2017/18 (Est.) 101.51 185.67 23.88 117.39 83.51 filler filler filler filler filler 2018/19 (Proj.) Apr NA NA NA NA NA 2018/19 (Proj.) May 101.69 185.19 25.62 122.04 78.55 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal t o world minus United States. See global cotton tables for treatment of export/import imbalances. May 2018 WASDE - 577 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2016/17 576.11 668.23 170.63 470.03 110.12 2017/18 (Est.) 572.79 682.91 175.13 489.50 107.08 filler filler filler filler filler 2018/19 (Proj.) Apr NA NA NA NA NA 2018/19 (Proj.) May 593.72 700.80 186.35 509.38 100.05 filler filler filler filler filler Oilmeals 2016/17 321.49 338.59 88.19 318.63 16.62 2017/18 (Est.) 334.69 351.30 88.72 332.54 14.78 filler filler filler filler filler 2018/19 (Proj.) Apr NA NA NA NA NA 2018/19 (Proj.) May 348.48 363.26 90.38 345.21 14.71 filler filler filler filler filler Vegetable Oils 2016/17 189.29 210.64 81.13 184.11 20.28 2017/18 (Est.) 198.62 218.90 81.14 191.51 21.44 filler filler filler filler filler 2018/19 (Proj.) Apr NA NA NA NA NA 2018/19 (Proj.) May 206.21 227.65 83.71 198.63 23.43 filler filler filler filler filler United States Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2016/17 126.93 135.30 60.28 56.26 9.60 2017/18 (Est.) 131.03 142.06 57.46 58.50 16.47 filler filler filler filler filler 2018/19 (Proj.) Apr NA NA NA NA NA 2018/19 (Proj.) May 127.29 145.18 63.46 58.88 13.15 filler filler filler filler filler Oilmeals 2016/17 43.11 47.31 10.83 36.07 0.41 2017/18 (Est.) 45.14 49.31 11.88 37.10 0.33 filler filler filler filler filler 2018/19 (Proj.) Apr NA NA NA NA NA 2018/19 (Proj.) May 45.42 49.54 11.61 37.60 0.33 filler filler filler filler filler Vegetable Oils 2016/17 11.43 17.37 1.42 14.72 1.23 2017/18 (Est.) 11.73 17.93 1.30 15.31 1.32 filler filler filler filler filler 2018/19 (Proj.) Apr NA NA NA NA NA 2018/19 (Proj.) May 11.90 18.33 1.21 15.84 1.28 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2016/17 449.18 532.93 110.35 413.77 100.52 2017/18 (Est.) 441.75 540.86 117.67 431.00 90.61 filler filler filler filler filler 2018/19 (Proj.) Apr NA NA NA NA NA 2018/19 (Proj.) May 466.43 555.63 122.89 450.50 86.91 filler filler filler filler filler Oilmeals 2016/17 278.37 291.28 77.36 282.56 16.21 2017/18 (Est.) 289.55 302.00 76.84 295.44 14.45 filler filler filler filler filler 2018/19 (Proj.) Apr NA NA NA NA NA 2018/19 (Proj.) May 303.07 313.73 78.76 307.62 14.38 filler filler filler filler filler Vegetable Oils 2016/17 177.86 193.27 79.71 169.39 19.05 2017/18 (Est.) 186.90 200.97 79.84 176.19 20.12 filler filler filler filler filler 2018/19 (Proj.) Apr NA NA NA NA NA 2018/19 (Proj.) May 194.32 209.32 82.50 182.79 22.15 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. May 2018 WASDE - 577 - 11 U.S. Wheat Supply and Use 1/ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Apr May Million Acres Area Planted 50.1 46.0 NA 47.3 * Area Harvested 43.9 37.6 NA 38.9 * Bushels Yield per Harvested Acre 52.7 46.3 NA 46.8 * Million Bushels Beginning Stocks 976 1,181 NA 1,070 Production 2,309 1,741 NA 1,821 Imports 118 155 NA 135 Supply, Total 3,402 3,076 NA 3,027 Food 949 963 NA 965 Seed 61 63 NA 62 Feed and Residual 156 70 NA 120 Domestic, Total 1,167 1,096 NA 1,147 Exports 1,055 910 NA 925 Use, Total 2,222 2,006 NA 2,072 Ending Stocks 1,181 1,070 NA 955 Avg. Farm Price ($/bu) 2/ 3.89 4.70 NA 4.50 - 5.50 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2017/18 (Est.) Beginning Stocks 589 235 215 105 36 1,181 Production 750 385 292 258 55 1,741 Supply, Total 3/ 1,347 694 523 371 141 3,076 Domestic Use 436 269 211 96 85 1,096 Exports 360 230 90 205 25 910 Use, Total 796 499 301 301 110 2,006 Ending Stocks, Total May 551 195 223 71 31 1,070 Ending Stocks, Total Apr 545 190 225 66 38 1,064 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. * Planted acres reported in the March 29, 2018, "Prospective Plantings." Harvested acres and yield for other spring wheat and Durum are projected using 10- year harvested -to-planted ratios by state and 1985- 2017 yield trends by state (except for Arizona, California, and Idaho Durum). Winter wheat harvested acres and yield reported in the May 10, 2018,"Crop Production." ****************************************************************************** Wheat -by-class projections for 2017/18 will first be published in the July 12, 2018, WASDE. ****************************************************************************** May 2018 WASDE - 577 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Apr May Million Acres Area Planted 106.6 100.9 NA 99.0 * Area Harvested 96.5 90.5 NA 88.8 * Metric Tons Yield per Harvested Acre 4.17 4.24 NA 4.16 Million Metric Tons Beginning Stocks 48.1 62.1 NA 57.9 Production 402.3 384.0 NA 369.5 Imports 3.3 3.0 NA 3.3 Supply, Total 453.6 449.2 NA 430.8 Feed and Residual 144.6 143.8 NA 140.5 Food, Seed & Industrial 182.4 184.6 NA 187.8 Domestic, Total 327.0 328.4 NA 328.2 Exports 64.5 62.9 NA 57.7 Use, Total 391.5 391.3 NA 385.9 Ending Stocks 62.1 57.9 NA 44.8 CORN 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. April May Million Acres Area Planted 94.0 90.2 NA 88.0 * Area Harvested 86.7 82.7 NA 80.7 * Bushels Yield per Harvested Acre 174.6 176.6 NA 174.0 * Million Bushels Beginning Stocks 1,737 2,293 NA 2,182 Production 15,148 14,604 NA 14,040 Imports 57 50 NA 50 Supply, Total 16,942 16,947 NA 16,272 Feed and Residual 5,472 5,500 NA 5,375 Food, Seed & Industrial 2/ 6,883 7,040 NA 7,115 Ethanol & by -products 3/ 5,432 5,575 NA 5,625 Domestic, Total 12,356 12,540 NA 12,490 Exports 2,293 2,225 NA 2,100 Use, Total 14,649 14,765 NA 14,590 Ending Stocks 2,293 2,182 NA 1,682 Avg. Farm Price ($/bu) 4/ 3.36 3.25 - 3.55 NA 3.30 - 4.30 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by -products including distillers' grains, corn gluten feed, cor n gluten meal, and corn oil. 4/ Marketing - year weighted average price received by farmers. * Planted acres reported in the March 29, 2018, "Prospective Plantings." For corn, harvested acres projected based on historical abandonment and use for silage. The yield projection is based on a weather -adjusted trend assuming normal mid -May planting progress and summer growing season weather, estimated using the 1988- 2017 time period, and includes a downward stochastic adjustment to account for the asymmetric re sponse of yield to July precipitation. (For an explanation of the yield trend model see Westcott and Jewison, Weather Effects on Expected Corn and Soybean Yields, USDA -ERS, Feed Outlook No. (FDS -13G-01), July 2013, https://www.ers.usda.gov/publications/pub -details/?pubid=36652.) May 2018 WASDE - 577 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Apr May Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 6.7 5.6 NA 5.9 * Area Harvested (mil. acres) 6.2 5.0 NA 5.1 * Yield (bushels/acre) 77.9 72.1 NA 67.3 * Beginning Stocks 37 33 NA 29 Production 480 364 NA 343 Imports 2 2 NA 0 Supply, Total 519 399 NA 372 Feed and Residual 130 80 NA 80 Food, Seed & Industrial 115 45 NA 100 Total Domestic 245 125 NA 180 Exports 241 245 NA 165 Use, Total 485 370 NA 345 Ending Stocks 33 29 NA 27 Avg. Farm Price ($/bu) 2/ 2.79 3.10 - 3.30 NA 3.10 - 4.10 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. April May Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.1 2.5 NA 2.3 * Area Harvested (mil. acres) 2.6 2.0 NA 2.0 * Yield (bushels/acre) 77.9 72.6 NA 73.5 * Beginning Stocks 102 106 NA 65 Production 200 142 NA 147 Imports 10 10 NA 20 Supply, Total 312 258 NA 232 Feed and Residual 39 25 NA 25 Food, Seed & Industrial 162 162 NA 155 Total Domestic 201 187 NA 180 Exports 4 6 NA 5 Use, Total 205 193 NA 185 Ending Stocks 106 65 NA 47 Avg. Farm Price ($/bu) 2/ 4.96 4.50 NA 4.00 - 5.20 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. April May Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.8 2.6 NA 2.7 * Area Harvested (mil. acres) 1.0 0.8 NA 1.0 * Yield (bushels/acre) 66.0 61.7 NA 66.0 * Beginning Stocks 57 50 NA 21 Production 65 49 NA 66 Imports 90 87 NA 95 Supply, Total 212 187 NA 182 Feed and Residual 82 85 NA 75 Food, Seed & Industrial 76 78 NA 79 Total Domestic 158 163 NA 154 Exports 3 3 NA 2 Use, Total 162 166 NA 156 Ending Stocks 50 21 NA 26 Avg. Farm Price ($/bu) 2/ 2.06 2.55 NA 2.55 - 3.15 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. * Planted acres reported in the March 29, 2018, "Prospective Plantings." Harvested area for sorghum, barley and oats based on historical average harvested -to-planted ratios. For sorghum the projected yield is the median yield for 1986- 2017. For barley and oats, projected yields are based on the 1990 -2017 trends. Yields shown reflect production rounding. May 2018 WASDE - 577 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Apr May Million Acres Area Planted 3.15 2.46 NA 2.69 * Area Harvested 3.10 2.37 NA 2.67 * Fil ler Pounds Yield per Harvested Acre 7,237 7,507 NA 7,610 * Million Hundredweight Beginning Stocks 2/ 46.5 46.0 NA 34.3 Production 224.1 178.2 NA 203.2 Imports 23.5 26.0 NA 26.0 Supply, Total 294.1 250.3 NA 263.5 Domestic & Residual 3/ 131.4 120.0 NA 122.0 Exports, Total 4/ 116.7 96.0 NA 101.0 Rough 42.5 31.0 NA 34.0 Milled (rough equiv.) 74.2 65.0 NA 67.0 Use, Total 248.0 216.0 NA 223.0 Ending Stocks 46.0 34.3 NA 40.5 Avg. Milling Yield (%) 5/ 70.00 70.00 NA 70.00 Avg. Farm Price ($/cwt) 6/ 10.40 12.40 - 12.80 NA 11.90 - 12.90 Total LONG -GRAIN RICE 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. April May Harvested Acres (mil.) 2.40 1.75 Yield (pounds/acre) 6,927 7,314 Beginning Stocks 22.7 31.0 NA 20.4 Production 166.5 127.9 NA 150.2 Supply, Total 7/ 209.4 181.4 NA 193.1 Domestic & Residual 3/ 99.7 92.0 NA 95.0 Exports 8/ 78.7 69.0 NA 72.0 Use, Total 178.4 161.0 NA 167.0 Ending Stocks 31.0 20.4 NA 26.1 Avg. Farm Price ($/cwt) 6/ 9.61 11.60 - 11.80 NA 11.00 - 12.00 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. April May Harvested Acres (mil.) 0.69 0.63 Yield (pounds/acre) 8,311 8,048 Beginning Stocks 20.9 11.5 NA 10.4 Production 57.7 50.4 NA 53.0 Supply, Total 7/ 81.1 65.4 NA 66.9 Domestic & Residual 3/ 31.7 28.0 NA 27.0 Exports 8/ 37.9 27.0 NA 29.0 Use, Total 69.6 55.0 NA 56.0 Ending Stocks 11.5 10.4 NA 10.9 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 13.10 14.90 - 15.50 NA 14.70 - 15.70 California 10/ 14.10 16.20 - 17.00 NA 16.50 - 17.50 Other States 1/ 10.10 11.90 - 12.10 NA 11.20 - 12.20 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2015/16 -2.9; 2016/17 -3.5; 2017/18 -3.5. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and endin g stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kerne l and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farm ers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.65 per cwt from 2008/09 -2013/14, with a high of $3.50 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. * Planted acr es reported in March 29, 2018, "Prospective Plantings." Harvested acres are estimated using the av erage harvested -to-planted ratios by rice class, 2013 -2017. Projected yield is based on by class trend analysis and prospective planting. May 2018 WASDE - 577 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Apr May Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 83.4 90.1 NA 89.0 * Area Harvested 82.7 89.5 NA 88.2 * Fil ler Bushels Yield per Harvested Acre 52.0 49.1 NA 48.5 * Million Bushels Beginning Stocks 197 302 NA 530 Production 4,296 4,392 NA 4,280 Imports 22 25 NA 25 Supply, Total 4,515 4,718 NA 4,835 Crushings 1,901 1,990 NA 1,995 Exports 2,174 2,065 NA 2,290 Seed 105 103 NA 103 Residual 34 30 NA 32 Use, Total 4,213 4,188 NA 4,420 Ending Stocks 302 530 NA 415 Avg. Farm Price ($/bu) 2/ 9.47 9.35 NA 8.75 - 11.25 Total SOYBEAN OIL 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. April May Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,687 1,711 NA 1,896 Production 4/ 22,123 22,885 NA 23,040 Imports 319 300 NA 300 Supply, Total 24,129 24,896 NA 25,236 Domestic Disappearance 19,862 20,700 NA 21,300 Biodiesel 3/ 6,200 6,800 NA 7,300 Food, Feed & other Industrial 13,661 13,900 NA 14,000 Exports 2,556 2,300 NA 2,100 Use, Total 22,418 23,000 NA 23,400 Ending stocks 1,711 1,896 NA 1,836 Avg. Price (c/lb) 2/ 32.48 30.50 NA 29.50 - 33.50 Total SOYBEAN MEAL 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. April May Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 264 401 NA 300 Production 4/ 44,787 47,099 NA 47,250 Imports 349 500 NA 350 Supply, Total 45,400 48,000 NA 47,900 Domestic Disappearance 33,399 35,000 NA 35,200 Exports 11,601 12,700 NA 12,400 Use, Total 45,000 47,700 NA 47,600 Ending Stocks 401 300 NA 300 Avg. Price ($/s.t.) 2/ 316.88 360.00 NA 330.00 - 370.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple av erage of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 1,990 million bushels for 2017/18 and 1,995 million bushels for 2018/19. *Planted acres are reported in the March 29, 2018 Prospective Plantings report. Harvested acres are based on the 5 -year planted -to-harvested ratio. The projected yield is based on a weather -adjusted trend mo del and assumes normal weather. May 2018 WASDE - 577 - 16 U.S. Sugar Supply and Use 1/ 2016/17 2017/18 Est. 2017/18 Est. 2018/19 Proj. Apr May May Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 2,054 1,876 1,876 1,901 Production 2/ 8,969 9,140 9,252 8,981 Beet Sugar 5,103 5,139 5,221 5,036 Cane Sugar 3,866 4,001 4,031 3,945 Florida 2,055 1,973 1,998 2,085 Hawaii 43 0 0 0 Louisiana 1,628 1,859 1,859 1,680 Texas 140 170 175 180 Imports 3,244 3,472 3,422 3,365 TRQ 3/ 1,611 1,788 1,788 1,355 Other Program 4/ 419 400 350 350 Other 5/ 1,213 1,284 1,284 1,660 Mexico 1,201 1,269 1,269 1,645 Total Supply 14,267 14,489 14,551 14,247 Exports 95 150 170 50 Deliveries 12,258 12,480 12,480 12,655 Food 6/ 12,102 12,325 12,325 12,500 Other 7/ 156 155 155 155 Miscellaneous 38 0 0 0 Total Use 12,391 12,630 12,650 12,705 Ending Stocks 1,876 1,859 1,901 1,542 Stocks to Use Ratio 15.1 14.7 15.0 12.1 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2017/18 and 2018/19 are based on Crop Production and processor projections where appropriate. 3/ For 2017/18, WTO raw sugar TRQ shortfall (183) For 2018/19, WTO raw sugar TRQ shortfall (99). 4/ Includes sugar under the re -export and polyhydric alcohol programs. 5/ For 2017/ 18, other high- tier (15) and other (0). For 2018/19, other high- tier (15) and other (0). 6/For 2014/15, combines SMD deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar -containing products for reexport, and for nonedib le alcohol, feed, and ethanol. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2017/18 Est. Apr 1,002 6,050 170 4,886 1,347 989 2017/18 Est. May 1,002 5,970 190 4,727 1,192 1,243 2018/19 Proj. Apr NA NA NA NA NA NA 2018/19 Proj. May 1,243 6,025 84 4,952 1,418 983 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): Oct -Sep 2016/17 = 1,522, Estimated 2017/18 = 1,608; Oct - Mar 2016/17 = 713, Oct - Mar 2017/18 = 755; Projected 2018/19 = 1,608. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption , Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2017/18 (390 est); 2018/19 (390). Other Deliveries/Ending Year Statistical Adjustments: 2017/18 (0), 2018/19 (0). May 2018 WASDE - 577 - 17 U.S. Cotton Supply and Use 1/ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Apr May Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 10.07 12.61 NA 13.47 * Harvested 9.51 11.10 NA 11.13 * Fil ler Pounds Yield per Harvested Acre 867 905 NA 841 * Million 480 Pound Bales Beginning Stocks 3.80 2.75 NA 4.70 Production 17.17 20.92 NA 19.50 Imports 0.01 0.01 NA 0.01 Supply, Total 20.98 23.68 NA 24.21 Domestic Use 3.25 3.35 NA 3.40 Exports, Total 14.92 15.50 NA 15.50 Use, Total 18.17 18.85 NA 18.90 Unaccounted 2/ 0.06 0.13 NA 0.11 Ending Stocks 2.75 4.70 NA 5.20 Avg. Farm Price 3/ 68.0 67.00 - 69.00 NA 55.00 - 75.00 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. *Planted area as reported in March 29, 2018 Prospective Plantings. Harvested area based on 10 -year average abandonment by region. Yield based on 5 -year average yields by region. May 2018 WASDE - 577 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 244.24 750.49 179.14 146.77 738.84 183.28 255.89 United States 26.55 62.83 3.22 4.26 31.75 28.72 32.13 Total Foreign 217.69 687.66 175.93 142.51 707.09 154.56 223.76 Major Exporters 4/ 25.41 226.27 5.94 65.80 151.33 83.95 22.34 Argentina 0.82 18.40 0.00 0.05 5.15 13.83 0.25 Australia 3.85 30.36 0.14 3.90 7.35 22.64 4.37 Canada 5.18 32.14 0.50 5.85 10.83 20.16 6.84 European Union 5/ 15.56 145.37 5.29 56.00 128.00 27.32 10.89 Major Importers 6/ 142.30 199.07 96.41 36.17 277.35 5.48 154.95 Brazil 1.00 6.73 7.35 0.80 12.20 0.62 2.26 China 97.04 128.85 4.41 16.50 118.50 0.75 111.05 Sel. Mideast 7/ 16.68 19.14 18.11 4.44 37.75 0.53 15.65 N. Africa 8/ 16.63 14.08 28.36 2.35 44.55 0.57 13.95 Pakistan 3.82 25.63 0.00 0.80 24.50 0.60 4.35 Southeast Asia 9/ 5.19 0.00 26.91 9.89 25.47 1.02 5.61 Selected Other India 14.54 87.00 5.90 4.70 97.12 0.52 9.80 FSU-12 16.79 130.09 7.34 27.62 78.65 54.42 21.15 Russia 5.61 72.53 0.50 17.00 40.00 27.81 10.83 Kazakhstan 2.60 14.99 0.08 2.10 6.90 7.40 3.36 Ukraine 3.35 26.79 0.04 3.60 10.30 18.11 1.77 2017/18 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 255.89 758.38 181.35 145.35 743.81 182.05 270.46 United States 32.13 47.37 4.22 1.91 29.83 24.77 29.13 Total Foreign 223.76 711.01 177.14 143.45 713.98 157.29 241.34 Major Exporters 4/ 22.34 221.08 6.16 65.75 151.90 74.80 22.88 Argentina 0.25 18.00 0.01 0.05 5.20 12.80 0.25 Australia 4.37 21.50 0.15 3.40 6.80 15.00 4.22 Canada 6.84 30.00 0.50 3.80 9.00 23.00 5.34 European Union 5/ 10.89 151.58 5.50 58.50 130.90 24.00 13.07 Major Importers 6/ 154.95 202.68 94.83 32.42 278.37 6.46 167.64 Brazil 2.26 4.26 7.10 0.50 12.00 0.30 1.32 China 111.05 129.77 4.00 13.50 117.00 1.00 126.82 Sel. Mideast 7/ 15.65 18.33 18.25 4.98 38.96 0.81 12.47 N. Africa 8/ 13.95 19.25 26.85 2.25 45.08 0.82 14.16 Pakistan 4.35 26.67 0.03 1.00 25.00 1.20 4.86 Southeast Asia 9/ 5.61 0.00 27.40 9.14 26.09 1.07 5.85 Selected Other India 9.80 98.51 1.17 5.00 97.31 0.41 11.75 FSU-12 21.15 142.20 8.19 32.41 84.01 66.33 21.20 Russia 10.83 84.99 0.40 21.50 45.00 39.50 11.72 Kazakhstan 3.36 14.80 0.06 2.10 6.90 8.50 2.83 Ukraine 1.77 26.98 0.05 3.50 9.90 17.20 1.70 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, K uwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2018 WASDE - 577 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Apr NA NA NA NA NA NA NA May 270.46 747.76 184.86 145.59 753.89 188.43 264.33 United States Apr NA NA NA NA NA NA NA May 29.13 49.57 3.67 3.27 31.22 25.17 25.98 Total Foreign Apr NA NA NA NA NA NA NA May 241.34 698.19 181.18 142.32 722.67 163.26 238.35 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 22.88 226.40 6.16 65.40 151.60 83.70 20.14 Argentina Apr NA NA NA NA NA NA NA May 0.25 19.50 0.01 0.10 5.30 14.20 0.26 Australia Apr NA NA NA NA NA NA NA May 4.22 24.00 0.15 3.80 7.20 17.00 4.17 Canada Apr NA NA NA NA NA NA NA May 5.34 32.50 0.50 4.50 9.60 23.50 5.24 European Union 5/ Apr NA NA NA NA NA NA NA May 13.07 150.40 5.50 57.00 129.50 29.00 10.47 Major Importers 6/ Apr NA NA NA NA NA NA NA May 167.64 203.49 95.74 34.32 284.01 6.68 176.18 Brazil Apr NA NA NA NA NA NA NA May 1.32 4.90 7.50 0.60 12.20 0.30 1.22 China Apr NA NA NA NA NA NA NA May 126.82 129.00 4.00 15.00 120.00 1.20 138.62 Sel. Mideast 7/ Apr NA NA NA NA NA NA NA May 12.47 18.86 18.74 4.78 39.10 1.14 9.83 N. Africa 8/ Apr NA NA NA NA NA NA NA May 14.16 21.10 26.28 2.25 45.78 0.69 15.07 Pakistan Apr NA NA NA NA NA NA NA May 4.86 25.50 0.03 1.20 25.30 1.00 4.09 Southeast Asia 9/ Apr NA NA NA NA NA NA NA May 5.85 0.00 27.90 9.44 27.24 1.09 5.42 Selected Other India Apr NA NA NA NA NA NA NA May 11.75 95.00 2.00 5.00 98.00 0.40 10.35 FSU-12 Apr NA NA NA NA NA NA NA May 21.20 127.44 8.72 29.63 80.91 62.63 13.82 Russia Apr NA NA NA NA NA NA NA May 11.72 72.00 0.50 19.00 42.00 36.50 5.72 Kazakhstan Apr NA NA NA NA NA NA NA May 2.83 14.00 0.06 1.90 6.70 8.00 2.19 Ukraine Apr NA NA NA NA NA NA NA May 1.70 26.50 0.03 3.40 9.60 17.00 1.63 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, K uwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2018 WASDE - 577 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 247.95 1,368.92 173.00 800.16 1,355.76 198.25 261.11 United States 48.11 402.61 3.43 144.75 327.48 64.50 62.17 Total Foreign 199.84 966.30 169.57 655.41 1,028.27 133.75 198.94 Major Exporters 4/ 17.96 211.51 2.66 89.96 122.12 77.75 32.26 Argentina 3.18 48.57 0.00 10.77 16.04 29.11 6.60 Australia 1.50 16.63 0.00 4.29 6.16 10.01 1.96 Brazil 7.01 101.58 1.55 53.45 64.03 31.61 14.49 Canada 4.97 26.62 0.94 14.22 22.08 4.81 5.64 Major Importers 5/ 45.05 241.06 120.99 275.48 358.00 11.03 38.06 European Union 6/ 15.58 152.82 15.83 119.87 160.84 8.07 15.31 Japan 1.76 0.17 17.00 13.25 17.25 0.00 1.68 Mexico 5.89 33.26 15.24 27.95 46.85 1.54 6.01 N. Afr & Mideast 7/ 10.51 24.90 34.14 54.80 62.60 0.16 6.80 Saudi Arabia 4.40 0.25 11.52 13.22 13.62 0.00 2.56 Southeast Asia 8/ 4.31 29.40 13.67 35.05 42.93 1.27 3.17 South Korea 1.95 0.20 9.32 7.25 9.62 0.00 1.85 Selected Other China 112.09 226.87 16.06 173.90 252.95 0.11 101.95 FSU-12 6.25 92.74 0.76 41.04 56.36 36.58 6.81 Russia 1.66 40.77 0.28 22.48 32.08 8.56 2.07 Ukraine 3.17 39.22 0.04 9.06 12.53 26.90 3.00 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 261.11 1,316.69 184.82 813.39 1,355.12 189.73 222.68 United States 62.17 384.26 3.24 143.86 328.83 62.91 57.92 Total Foreign 198.94 932.43 181.58 669.53 1,026.29 126.82 164.75 Major Exporters 4/ 32.26 180.63 2.37 89.04 120.92 71.81 22.54 Argentina 6.60 39.79 0.01 8.89 14.22 27.71 4.47 Australia 1.96 10.90 0.00 2.99 4.86 6.93 1.07 Brazil 14.49 89.79 0.95 55.01 65.46 30.02 9.76 Canada 5.64 26.21 1.26 15.69 23.45 5.05 4.61 Major Importers 5/ 38.06 245.35 131.62 283.75 367.54 10.79 36.71 European Union 6/ 15.31 153.08 17.26 119.90 161.52 8.51 15.62 Japan 1.68 0.19 16.77 13.12 17.11 0.00 1.53 Mexico 6.01 32.63 17.33 30.09 49.10 1.30 5.56 N. Afr & Mideast 7/ 6.80 29.41 39.34 60.06 68.05 0.12 7.38 Saudi Arabia 2.56 0.36 12.60 13.14 13.70 0.00 1.82 Southeast Asia 8/ 3.17 29.43 14.42 35.76 43.66 0.87 2.49 South Korea 1.85 0.20 9.82 7.55 10.05 0.00 1.82 Selected Other China 101.95 223.39 17.20 179.32 262.18 0.08 80.28 FSU-12 6.81 88.90 0.72 38.70 53.79 37.10 5.54 Russia 2.07 41.71 0.11 22.27 31.82 10.27 1.82 Ukraine 3.00 34.07 0.03 6.69 10.00 25.11 1.99 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Afri ca and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2018 WASDE - 577 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Apr NA NA NA NA NA NA NA May 222.68 1,341.10 190.79 828.26 1,378.33 196.85 185.45 United States Apr NA NA NA NA NA NA NA May 57.92 369.80 3.55 140.61 328.74 57.68 44.85 Total Foreign Apr NA NA NA NA NA NA NA May 164.75 971.30 187.24 687.65 1,049.59 139.17 140.59 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 22.54 203.20 2.00 93.78 126.78 77.06 23.90 Argentina Apr NA NA NA NA NA NA NA May 4.47 48.55 0.01 10.90 16.55 30.01 6.47 Australia Apr NA NA NA NA NA NA NA May 1.07 13.76 0.00 2.89 4.74 9.03 1.07 Brazil Apr NA NA NA NA NA NA NA May 9.76 98.96 1.25 57.54 68.99 31.02 9.96 Canada Apr NA NA NA NA NA NA NA May 4.61 27.38 0.61 15.78 23.24 4.80 4.56 Major Importers 5/ Apr NA NA NA NA NA NA NA May 36.71 246.59 137.14 291.92 376.61 11.27 32.57 European Union 6/ Apr NA NA NA NA NA NA NA May 15.62 154.44 16.56 120.80 163.07 8.81 14.74 Japan Apr NA NA NA NA NA NA NA May 1.53 0.19 17.57 13.92 17.91 0.00 1.37 Mexico Apr NA NA NA NA NA NA NA May 5.56 31.89 18.81 32.02 51.24 1.50 3.52 N. Afr & Mideast 7/ Apr NA NA NA NA NA NA NA May 7.38 30.07 40.06 62.30 70.26 0.20 7.05 Saudi Arabia Apr NA NA NA NA NA NA NA May 1.82 0.34 13.01 13.55 14.08 0.00 1.10 Southeast Asia 8/ Apr NA NA NA NA NA NA NA May 2.49 29.39 17.20 37.65 45.65 0.77 2.67 South Korea Apr NA NA NA NA NA NA NA May 1.82 0.20 9.84 7.55 10.05 0.00 1.80 Selected Other China Apr NA NA NA NA NA NA NA May 80.28 232.81 16.10 181.75 267.83 0.07 61.29 FSU-12 Apr NA NA NA NA NA NA NA May 5.54 97.07 0.67 40.03 55.01 43.10 5.16 Russia Apr NA NA NA NA NA NA NA May 1.82 44.93 0.16 22.58 32.13 13.06 1.72 Ukraine Apr NA NA NA NA NA NA NA May 1.99 38.75 0.04 7.28 10.49 28.21 2.07 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2018 WASDE - 577 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 209.97 1,078.31 135.73 632.91 1,060.76 159.68 227.53 United States 44.12 384.78 1.45 139.01 313.86 58.24 58.25 Total Foreign 165.84 693.54 134.28 493.90 746.90 101.44 169.27 Major Exporters 4/ 9.32 157.05 0.87 65.63 84.83 59.79 22.63 Argentina 1.46 41.00 0.00 7.50 11.20 25.99 5.28 Brazil 6.77 98.50 0.85 51.00 60.50 31.60 14.02 South Africa 1.10 17.55 0.01 7.13 13.13 2.20 3.33 Major Importers 5/ 22.40 124.80 80.62 147.96 201.01 4.98 21.83 Egypt 2.22 6.00 8.77 12.70 15.10 0.01 1.89 European Union 6/ 6.72 61.74 15.24 55.00 74.00 2.17 7.53 Japan 1.35 0.00 15.17 11.60 15.20 0.00 1.32 Mexico 5.21 27.58 14.57 22.50 40.40 1.54 5.42 Southeast Asia 7/ 4.30 29.35 13.48 34.90 42.70 1.26 3.16 South Korea 1.94 0.08 9.23 7.21 9.41 0.00 1.83 Selected Other 0.00 Canada 2.45 13.89 0.85 7.50 13.10 1.52 2.57 China 110.77 219.55 2.46 162.00 232.00 0.08 100.71 FSU-12 2.60 47.79 0.35 17.67 20.51 27.15 3.08 Ukraine 1.39 27.97 0.03 5.10 6.50 21.33 1.55 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 227.53 1,036.66 145.83 648.66 1,069.34 151.10 194.85 United States 58.25 370.96 1.27 139.71 318.53 56.52 55.44 Total Foreign 169.27 665.70 144.56 508.95 750.81 94.59 139.41 Major Exporters 4/ 22.63 133.50 0.41 64.90 84.10 57.10 15.34 Argentina 5.28 33.00 0.01 6.00 9.80 25.00 3.48 Brazil 14.02 87.00 0.40 52.50 62.00 30.00 9.42 South Africa 3.33 13.50 0.01 6.40 12.30 2.10 2.44 Major Importers 5/ 21.83 124.82 85.00 152.90 206.75 4.17 20.73 Egypt 1.89 6.40 9.40 13.40 15.90 0.01 1.78 European Union 6/ 7.53 62.10 16.50 56.50 76.00 2.00 8.13 Japan 1.32 0.00 15.00 11.50 15.10 0.00 1.22 Mexico 5.42 26.80 16.20 24.30 42.30 1.30 4.82 Southeast Asia 7/ 3.16 29.38 14.20 35.60 43.40 0.86 2.48 South Korea 1.83 0.08 9.70 7.50 9.80 0.00 1.81 Selected Other 0.00 Canada 2.57 14.10 1.20 8.60 14.20 1.30 2.37 China 100.71 215.89 4.00 167.00 241.00 0.05 79.55 FSU-12 3.08 42.04 0.45 15.27 18.06 25.26 2.25 Ukraine 1.55 24.12 0.03 3.50 4.80 20.00 0.89 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting dis crepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra- trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2018 WASDE - 577 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Apr NA NA NA NA NA NA NA May 194.85 1,056.07 153.01 665.56 1,091.77 158.02 159.15 United States Apr NA NA NA NA NA NA NA May 55.44 356.63 1.27 136.53 317.26 53.34 42.73 Total Foreign Apr NA NA NA NA NA NA NA May 139.41 699.43 151.74 529.03 774.51 104.68 116.41 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 15.34 151.00 0.71 69.60 90.10 60.20 16.74 Argentina Apr NA NA NA NA NA NA NA May 3.48 41.00 0.01 8.00 12.00 27.00 5.49 Brazil Apr NA NA NA NA NA NA NA May 9.42 96.00 0.70 55.00 65.50 31.00 9.62 South Africa Apr NA NA NA NA NA NA NA May 2.44 14.00 0.00 6.60 12.60 2.20 1.64 Major Importers 5/ Apr NA NA NA NA NA NA NA May 20.73 122.89 88.10 155.70 210.35 3.77 17.60 Egypt Apr NA NA NA NA NA NA NA May 1.78 6.40 9.70 13.60 16.10 0.01 1.77 European Union 6/ Apr NA NA NA NA NA NA NA May 8.13 61.00 16.00 56.50 76.50 1.50 7.13 Japan Apr NA NA NA NA NA NA NA May 1.22 0.00 15.00 11.50 15.10 0.00 1.12 Mexico Apr NA NA NA NA NA NA NA May 4.82 26.00 16.70 25.00 43.20 1.50 2.82 Southeast Asia 7/ Apr NA NA NA NA NA NA NA May 2.48 29.34 17.00 37.50 45.40 0.76 2.66 South Korea Apr NA NA NA NA NA NA NA May 1.81 0.08 9.70 7.50 9.80 0.00 1.78 Selected Other Canada Apr NA NA NA NA NA NA NA May 2.37 15.30 0.50 8.80 14.20 1.55 2.42 China Apr NA NA NA NA NA NA NA May 79.55 225.00 5.00 172.00 249.00 0.05 60.50 FSU-12 Apr NA NA NA NA NA NA NA May 2.25 53.50 0.41 18.97 21.86 31.85 2.44 Ukraine Apr NA NA NA NA NA NA NA May 0.89 30.00 0.03 4.50 5.80 24.00 1.11 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2018 WASDE - 577 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 132.76 486.67 41.38 482.66 47.24 136.78 United States 1.48 7.12 0.75 4.17 3.70 1.46 Total Foreign 131.29 479.55 40.64 478.49 43.54 135.31 Major Exporters 4/ 29.48 163.15 0.76 132.88 33.39 27.12 India 18.40 109.70 0.00 95.78 11.77 20.55 Pakistan 1.12 6.85 0.01 3.10 3.52 1.37 Thailand 8.40 19.20 0.25 12.00 11.62 4.24 Vietnam 1.56 27.40 0.50 22.00 6.49 0.97 Major Importers 5/ 10.01 65.90 11.93 77.61 1.18 9.05 Brazil 0.31 8.38 0.64 8.00 0.83 0.50 European Union 6/ 1.18 2.08 1.84 3.60 0.32 1.18 Indonesia 3.51 36.86 0.35 37.80 0.00 2.92 Nigeria 1.53 3.78 2.50 6.55 0.00 1.26 Philippines 2.11 11.69 1.10 12.90 0.00 2.00 Sel. Mideast 7/ 0.86 1.78 3.87 5.63 0.00 0.88 Selected Other 0.00 Burma 1.24 12.65 0.01 10.00 3.35 0.55 C. Amer & Carib 8/ 0.50 1.67 1.79 3.36 0.04 0.56 China 78.50 144.95 5.30 141.45 0.81 86.50 Egypt 0.92 4.80 0.10 4.30 0.10 1.43 Japan 2.55 7.78 0.71 8.50 0.05 2.49 Mexico 0.13 0.18 0.87 0.92 0.09 0.17 South Korea 1.83 4.20 0.41 4.71 0.00 1.73 2017/18 Est. Beginning Sto c ks Production Imports Total /2 Dom estic Exports Ending Sto c ks World 3/ 136.78 488.23 48.72 481.19 48.41 143.81 United States 1.46 5.66 0.83 3.81 3.05 1.09 Total Foreign 135.31 482.57 47.89 477.38 45.36 142.73 Major Exporters 4/ 27.12 166.45 0.65 133.92 34.50 25.80 India 20.55 110.00 0.00 97.35 13.20 20.00 Pakistan 1.37 7.50 0.00 3.40 4.00 1.47 Thailand 4.24 20.37 0.25 11.17 10.50 3.19 Vietnam 0.97 28.58 0.40 22.00 6.80 1.15 Major Importers 5/ 9.05 66.50 13.90 78.60 1.03 9.82 Brazil 0.50 8.08 0.70 8.10 0.70 0.48 European Union 6/ 1.18 2.04 1.90 3.65 0.30 1.17 Indonesia 2.92 37.00 1.80 38.00 0.00 3.71 Nigeria 1.26 3.78 2.60 6.70 0.00 0.94 Philippines 2.00 12.30 1.40 13.20 0.00 2.50 Sel. Mideast 7/ 0.88 1.93 3.65 5.70 0.00 0.76 Selected Other 0.00 Burma 0.55 13.20 0.01 9.90 3.50 0.36 C. Amer & Carib 8/ 0.56 1.67 1.87 3.45 0.04 0.60 China 86.50 145.99 5.50 142.70 1.30 93.99 Egypt 1.43 4.30 0.05 4.40 0.05 1.33 Japan 2.49 7.59 0.69 8.45 0.05 2.26 Mexico 0.17 0.19 0.86 0.92 0.09 0.21 South Korea 1.73 3.97 0.41 4.87 0.01 1.23 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU -28. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. May 2018 WASDE - 577 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Apr NA NA NA NA NA NA May 143.81 489.50 46.37 488.63 49.30 144.68 United States Apr NA NA NA NA NA NA May 1.09 6.45 0.83 3.87 3.21 1.29 Total Foreign Apr NA NA NA NA NA NA May 142.73 483.05 45.54 484.76 46.09 143.40 Major Exporters 4/ Apr NA NA NA NA NA NA May 25.80 166.08 0.65 133.70 34.80 24.03 India Apr NA NA NA NA NA NA May 20.00 109.00 0.00 98.00 13.00 18.00 Pakistan Apr NA NA NA NA NA NA May 1.47 7.40 0.00 3.50 4.00 1.37 Thailand Apr NA NA NA NA NA NA May 3.19 21.00 0.25 10.00 11.00 3.44 Vietnam Apr NA NA NA NA NA NA May 1.15 28.68 0.40 22.20 6.80 1.22 Major Importers 5/ Apr NA NA NA NA NA NA May 9.82 66.73 13.80 79.42 1.03 9.89 Brazil Apr NA NA NA NA NA NA May 0.48 8.02 0.70 8.15 0.70 0.35 European Union 6/ Apr NA NA NA NA NA NA May 1.17 2.00 2.00 3.70 0.30 1.17 Indonesia Apr NA NA NA NA NA NA May 3.71 37.30 1.20 38.20 0.00 4.01 Nigeria Apr NA NA NA NA NA NA May 0.94 3.78 3.00 6.90 0.00 0.82 Philippines Apr NA NA NA NA NA NA May 2.50 12.35 1.10 13.40 0.00 2.55 Sel. Mideast 7/ Apr NA NA NA NA NA NA May 0.76 1.82 3.85 5.73 0.00 0.70 Selected Other Burma Apr NA NA NA NA NA NA May 0.36 13.40 0.01 9.90 3.50 0.37 C. Amer & Carib 8/ Apr NA NA NA NA NA NA May 0.60 1.72 1.94 3.59 0.03 0.64 China Apr NA NA NA NA NA NA May 93.99 144.50 5.50 145.00 1.70 97.29 Egypt Apr NA NA NA NA NA NA May 1.33 3.30 0.20 4.20 0.02 0.61 Japan Apr NA NA NA NA NA NA May 2.26 7.60 0.69 8.40 0.05 2.10 Mexico Apr NA NA NA NA NA NA May 0.21 0.21 0.88 0.94 0.09 0.27 South Korea Apr NA NA NA NA NA NA May 1.23 3.85 0.41 4.50 0.01 0.98 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to difference s in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Ph ilippines, selected Middle East, and the EU -28. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. May 2018 WASDE - 577 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2016/17 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 95.00 106.66 37.56 114.76 37.38 0.16 86.92 United States 3.80 17.17 0.01 3.25 14.92 0.06 2.75 Total Foreign 91.20 89.49 37.55 111.51 22.46 0.10 84.17 Major Exporters 4/ 22.66 50.69 3.63 31.98 19.25 0.01 25.75 Central Asia 5/ 2.35 5.99 3/ 2.89 3.02 0.00 2.43 Afr. Fr. Zone 6/ 1.36 5.09 3/ 0.14 4.38 0.01 1.92 S. Hemis 7/ 8.77 12.25 0.37 4.29 7.05 -0.02 10.06 Australia 1.88 4.05 3/ 0.04 3.73 -0.03 2.19 Brazil 5.71 7.02 0.19 3.20 2.79 0.00 6.93 India 9.94 27.00 2.74 24.00 4.55 0.00 11.13 Major Importers 8/ 66.83 35.86 31.78 75.57 2.04 0.09 56.78 Mexico 0.61 0.77 1.00 1.75 0.15 0.03 0.45 China 58.20 22.75 5.03 37.50 0.06 0.00 48.42 European Union 9/ 0.30 1.31 0.70 0.72 1.33 0.00 0.27 Turkey 1.53 3.20 3.68 6.50 0.33 0.00 1.58 Pakistan 2.62 7.70 2.40 10.30 0.13 0.03 2.27 Indonesia 0.53 0.01 3.39 3.30 0.01 0.00 0.62 Thailand 0.20 3/ 1.23 1.20 0.00 0.03 0.20 Bangladesh 1.54 0.13 6.70 6.70 0.00 0.01 1.66 Vietnam 0.78 3/ 5.50 5.40 0.00 0.00 0.88 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Use Exports Loss /2 Ending Sto c ks World 86.92 122.43 39.23 120.74 39.38 0.25 88.21 United States 2.75 20.92 0.01 3.35 15.50 0.13 4.70 Total Foreign 84.17 101.51 39.22 117.39 23.88 0.12 83.51 Major Exporters 4/ 25.75 55.57 2.41 32.75 20.46 0.02 30.50 Central Asia 5/ 2.43 6.47 3/ 3.31 2.83 0.00 2.77 Afr. Fr. Zone 6/ 1.92 5.16 3/ 0.14 4.38 0.00 2.57 S. Hemis 7/ 10.06 14.98 0.21 4.47 8.47 0.01 12.30 Australia 2.19 4.80 3/ 0.04 3.90 0.00 3.06 Brazil 6.93 8.70 0.05 3.40 4.20 0.00 8.08 India 11.13 28.50 1.70 24.20 4.50 0.00 12.63 Major Importers 8/ 56.78 42.94 34.36 80.60 2.30 0.10 51.08 Mexico 0.45 1.56 1.00 1.85 0.33 0.03 0.80 China 48.42 27.50 5.10 40.00 0.05 0.00 40.97 European Union 9/ 0.27 1.54 0.72 0.74 1.41 0.01 0.38 Turkey 1.58 4.00 3.95 7.20 0.35 0.00 1.98 Pakistan 2.27 8.20 2.90 10.40 0.16 0.03 2.78 Indonesia 0.62 3/ 3.40 3.40 0.01 0.00 0.62 Thailand 0.20 3/ 1.05 1.05 0.00 0.03 0.18 Bangladesh 1.66 0.14 7.40 7.30 0.00 0.01 1.88 Vietnam 0.88 3/ 6.80 6.60 0.00 0.00 1.09 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to t he countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, B razil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. May 2018 WASDE - 577 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2018/19 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Apr NA NA NA NA NA NA NA May 88.21 121.19 41.12 125.44 41.12 0.22 83.75 United States Apr NA NA NA NA NA NA NA May 4.70 19.50 0.01 3.40 15.50 0.11 5.20 Total Foreign Apr NA NA NA NA NA NA NA May 83.51 101.69 41.12 122.04 25.62 0.11 78.55 filler filler filler filler filler filler filler Major Exporters 4/ Apr NA NA NA NA NA NA NA May 30.50 55.24 2.14 34.20 21.69 0.02 31.97 Central Asia 5/ Apr NA NA NA NA NA NA NA May 2.77 6.52 3/ 3.66 2.57 0.00 3.06 Afr. Fr. Zone 6/ Apr NA NA NA NA NA NA NA May 2.57 5.21 3/ 0.14 4.73 0.00 2.91 S. Hemis 7/ Apr NA NA NA NA NA NA NA May 12.30 14.46 0.22 4.54 9.85 0.01 12.59 Australia Apr NA NA NA NA NA NA NA May 3.06 4.00 3/ 0.04 4.50 0.00 2.52 Brazil Apr NA NA NA NA NA NA NA May 8.08 8.80 0.08 3.45 4.80 0.00 8.70 India Apr NA NA NA NA NA NA NA May 12.63 28.50 1.50 25.20 4.25 0.00 13.18 filler filler filler filler filler filler filler Major Importers 8/ Apr NA NA NA NA NA NA NA May 51.08 43.40 36.52 83.78 2.69 0.09 44.45 Mexico Apr NA NA NA NA NA NA NA May 0.80 1.60 0.90 1.85 0.55 0.03 0.88 China Apr NA NA NA NA NA NA NA May 40.97 27.00 7.00 41.50 0.05 0.00 33.42 European Union 9/ Apr NA NA NA NA NA NA NA May 0.38 1.56 0.71 0.74 1.48 0.00 0.42 Turkey Apr NA NA NA NA NA NA NA May 1.98 4.30 3.60 7.40 0.35 0.00 2.13 Pakistan Apr NA NA NA NA NA NA NA May 2.78 8.80 2.10 10.50 0.25 0.03 2.91 Indonesia Apr NA NA NA NA NA NA NA May 0.62 3/ 3.50 3.50 0.01 0.00 0.62 Thailand Apr NA NA NA NA NA NA NA May 0.18 3/ 1.08 1.05 0.00 0.03 0.18 Bangladesh Apr NA NA NA NA NA NA NA May 1.88 0.14 7.90 7.80 0.00 0.01 2.11 Vietnam Apr NA NA NA NA NA NA NA May 1.09 3/ 7.70 7.40 0.00 0.00 1.39 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the dif ference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, Tajikistan, Turkmen istan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countr ies and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. May 2018 WASDE - 577 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 78.39 350.34 144.32 287.81 329.12 147.54 96.39 United States 5.35 116.92 0.61 51.74 55.51 59.16 8.21 Total Foreign 73.03 233.42 143.72 236.06 273.61 88.39 88.18 Major Exporters 3/ 50.24 185.44 1.94 88.03 96.03 79.51 62.09 Argentina 31.60 57.80 1.67 43.30 47.83 7.03 36.22 Brazil 18.56 114.10 0.25 40.90 44.30 63.14 25.47 Paraguay 0.03 10.20 0.01 3.75 3.81 6.13 0.30 Major Importers 4/ 19.76 16.79 122.61 113.10 135.87 0.39 22.91 China 16.91 12.90 93.50 88.00 102.80 0.11 20.39 European Union 1.56 2.41 13.42 14.40 16.04 0.22 1.13 Japan 0.26 0.24 3.18 2.39 3.46 0.00 0.22 Mexico 0.15 0.52 4.13 4.60 4.64 0.00 0.16 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ 96.39 336.70 152.63 299.39 342.29 151.26 92.16 United States 8.21 119.52 0.68 54.16 57.78 56.20 14.43 Total Foreign 88.18 217.18 151.95 245.23 284.52 95.06 77.73 Major Exporters 3/ 62.09 167.70 3.31 87.50 95.72 85.40 51.98 Argentina 36.22 39.00 3.10 40.73 45.35 4.20 28.78 Brazil 25.47 117.00 0.20 43.00 46.50 73.30 22.87 Paraguay 0.30 10.00 0.01 3.70 3.78 6.25 0.28 Major Importers 4/ 22.91 18.24 127.45 121.21 145.25 0.48 22.86 China 20.39 14.20 97.00 95.00 110.80 0.15 20.64 European Union 1.13 2.67 14.10 14.90 16.55 0.28 1.07 Japan 0.22 0.25 3.25 2.35 3.50 0.00 0.21 Mexico 0.16 0.43 4.40 4.87 4.91 0.00 0.09 2018/19 Proj. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ Apr NA NA NA NA NA NA NA May 92.16 354.54 159.54 313.34 357.72 161.82 86.70 United States Apr NA NA NA NA NA NA NA May 14.43 116.48 0.68 54.30 57.98 62.32 11.29 Total Foreign Apr NA NA NA NA NA NA NA May 77.73 238.06 158.86 259.04 299.75 99.50 75.41 Major Exporters 3/ Apr NA NA NA NA NA NA NA May 51.98 185.80 2.26 91.23 99.83 89.12 51.09 Argentina Apr NA NA NA NA NA NA NA May 28.78 56.00 1.85 44.00 48.94 8.00 29.69 Brazil Apr NA NA NA NA NA NA NA May 22.87 117.00 0.40 43.20 46.77 72.30 21.20 Paraguay Apr NA NA NA NA NA NA NA May 0.28 9.80 0.01 3.95 4.03 5.90 0.15 Major Importers 4/ Apr NA NA NA NA NA NA NA May 22.86 18.27 134.29 128.51 153.39 0.50 21.52 China Apr NA NA NA NA NA NA NA May 20.64 14.10 103.00 102.00 118.40 0.15 19.19 European Union Apr NA NA NA NA NA NA NA May 1.07 2.75 14.20 14.90 16.55 0.30 1.17 Japan Apr NA NA NA NA NA NA NA May 0.21 0.26 3.25 2.30 3.47 0.00 0.26 Mexico Apr NA NA NA NA NA NA NA May 0.09 0.49 4.65 5.05 5.09 0.00 0.14 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports . Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan , Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). May 2018 WASDE - 577 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.21 225.87 60.53 222.02 64.50 13.09 United States 0.24 40.63 0.32 30.30 10.52 0.36 Total Foreign 12.97 185.24 60.21 191.72 53.97 12.73 Major Exporters 3/ 7.07 72.14 0.05 24.65 47.10 7.51 Argentina 4.23 33.28 0.00 2.85 31.32 3.34 Brazil 2.71 31.66 0.04 16.94 13.76 3.70 India 0.13 7.20 0.01 4.86 2.01 0.47 Major Importers 4/ 2.11 16.08 36.60 52.48 0.53 1.77 European Union 0.83 11.38 18.92 30.34 0.33 0.46 Southeast Asia 5/ 1.18 2.90 16.06 18.72 0.20 1.22 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 13.09 235.31 60.88 232.90 64.81 11.57 United States 0.36 42.73 0.45 31.75 11.52 0.27 Total Foreign 12.73 192.58 60.42 201.15 53.29 11.30 Major Exporters 3/ 7.51 71.12 0.04 25.87 46.10 6.69 Argentina 3.34 31.16 0.00 3.00 29.00 2.49 Brazil 3.70 33.40 0.03 17.48 15.60 4.05 India 0.47 6.56 0.01 5.39 1.50 0.15 Major Importers 4/ 1.77 16.72 36.48 52.90 0.53 1.55 European Union 0.46 11.77 18.50 30.04 0.32 0.37 Southeast Asia 5/ 1.22 3.18 16.33 19.39 0.21 1.12 2018/19 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Apr NA NA NA NA NA NA May 11.57 246.36 62.53 243.22 65.82 11.42 United States Apr NA NA NA NA NA NA May 0.27 42.86 0.32 31.93 11.25 0.27 Total Foreign Apr NA NA NA NA NA NA May 11.30 203.50 62.22 211.29 54.57 11.15 Major Exporters 3/ Apr NA NA NA NA NA NA May 6.69 74.49 0.04 27.25 47.40 6.58 Argentina Apr NA NA NA NA NA NA May 2.49 33.66 0.00 3.20 30.50 2.45 Brazil Apr NA NA NA NA NA NA May 4.05 33.55 0.03 18.15 15.50 3.98 India Apr NA NA NA NA NA NA May 0.15 7.28 0.01 5.90 1.40 0.14 Major Importers 4/ Apr NA NA NA NA NA NA May 1.55 16.81 36.98 53.35 0.50 1.49 European Union Apr NA NA NA NA NA NA May 0.37 11.77 18.50 29.94 0.30 0.39 Southeast Asia 5/ Apr NA NA NA NA NA NA May 1.12 3.30 16.83 20.02 0.20 1.03 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. May 2018 WASDE - 577 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 3.68 53.79 10.85 53.59 11.26 3.48 United States 0.77 10.04 0.15 9.01 1.16 0.78 Total Foreign 2.91 43.75 10.71 44.58 10.10 2.70 Major Exporters 3/ 0.62 18.98 0.35 11.80 7.46 0.69 Argentina 0.26 8.40 0.00 2.99 5.39 0.28 Brazil 0.20 7.85 0.06 6.61 1.24 0.26 European Union 0.16 2.74 0.29 2.21 0.83 0.15 Major Importers 4/ 1.26 17.89 5.81 23.68 0.21 1.08 China 0.52 15.77 0.71 16.35 0.12 0.54 India 0.58 1.62 3.53 5.30 0.00 0.43 North Africa 5/ 0.16 0.50 1.56 2.03 0.09 0.11 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 3.48 55.76 10.23 55.63 10.66 3.18 United States 0.78 10.38 0.14 9.39 1.04 0.86 Total Foreign 2.70 45.38 10.09 46.24 9.61 2.32 Major Exporters 3/ 0.69 18.96 0.31 12.37 6.91 0.67 Argentina 0.28 7.88 0.00 3.26 4.68 0.23 Brazil 0.26 8.25 0.06 6.89 1.48 0.20 European Union 0.15 2.83 0.25 2.23 0.75 0.25 Major Importers 4/ 1.08 19.10 5.46 24.57 0.25 0.82 China 0.54 17.02 0.45 17.30 0.17 0.54 India 0.43 1.48 3.35 5.10 0.00 0.15 North Africa 5/ 0.11 0.60 1.66 2.17 0.08 0.13 2018/19 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Apr NA NA NA NA NA NA May 3.18 58.35 10.58 57.92 10.96 3.23 United States Apr NA NA NA NA NA NA May 0.86 10.45 0.14 9.66 0.95 0.83 Total Foreign Apr NA NA NA NA NA NA May 2.32 47.90 10.45 48.26 10.01 2.40 Major Exporters 3/ Apr NA NA NA NA NA NA May 0.67 19.63 0.31 12.64 7.23 0.75 Argentina Apr NA NA NA NA NA NA May 0.23 8.51 0.00 3.42 5.10 0.22 Brazil Apr NA NA NA NA NA NA May 0.20 8.29 0.06 6.98 1.33 0.24 European Union Apr NA NA NA NA NA NA May 0.25 2.83 0.25 2.25 0.80 0.29 Major Importers 4/ Apr NA NA NA NA NA NA May 0.82 20.60 5.61 25.97 0.24 0.82 China Apr NA NA NA NA NA NA May 0.54 18.28 0.35 18.45 0.15 0.57 India Apr NA NA NA NA NA NA May 0.15 1.64 3.55 5.20 0.01 0.13 North Africa 5/ Apr NA NA NA NA NA NA May 0.13 0.69 1.71 2.32 0.09 0.12 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tunisia. May 2018 WASDE - 577 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2017 II 6,407 6,137 12,598 10,407 1,482 12,023 24,621 2,187 55.3 III 6,736 6,240 13,029 10,551 1,479 12,167 25,197 2,204 53.5 IV 6,742 6,796 13,595 10,472 1,533 12,139 25,734 2,235 53.1 Annual 26,187 25,584 51,991 41,662 5,981 48,178 100,169 8,808 215.5 2018 I 6,465 6,645 13,167 10,380 1,452 11,956 25,123 2,186 54.4 II* 6,750 6,400 13,202 10,575 1,450 12,165 25,367 2,215 56.1 III* 6,930 6,540 13,523 10,750 1,480 12,370 25,893 2,240 54.1 IV* 7,070 7,185 14,311 10,625 1,535 12,295 26,606 2,285 54.0 Annual Apr Proj. 27,635 26,805 54,658 42,350 5,945 48,835 103,493 8,930 219.0 May Proj. 27,215 26,770 54,203 42,330 5,917 48,786 102,989 8,926 218.7 2019 I* 6,560 6,800 13,414 10,625 1,475 12,227 25,641 2,235 55.1 Annual Apr Proj. NA NA NA NA NA NA NA NA NA May Proj. 27,715 27,610 55,542 43,300 5,970 49,816 105,358 9,110 221.5 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2017 II 132.76 51.70 104.7 99.1 74.7 16.83 III 112.46 55.59 94.9 96.9 102.1 17.70 IV 117.88 44.89 86.1 88.0 147.0 17.73 Annual 121.52 50.48 93.5 96.1 100.9 17.63 2018 I 125.60 49.12 95.7 79.4 179.6 15.67 II* 116-120 44-46 112-116 78-80 125-129 15.90 -16.20 III* 106-112 44-46 99-105 78-82 116-124 16.45 -17.05 IV* 108-116 36-38 93-101 86-94 125-135 16.95 -17.85 Annual Apr Proj. 114-119 45-47 93-98 82-86 138-144 15.60 -16.10 May Proj. 114-119 43-45 100-104 80-84 136-142 16.20 -16.70 2019 I* 116-126 42-46 96-104 77-83 115-125 16.25 -17.25 Annual Apr Proj. NA NA NA NA NA NA May Proj. 113-122 43-46 97-105 84-91 120-130 16.25 -17.25 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. May 2018 WASDE - 577 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2017 757 26,250 2,994 30,001 2,862 649 26,490 56.9 2018 Proj. Apr 649 27,702 3,040 31,391 3,025 680 27,686 59.0 May 649 27,278 3,032 30,958 3,035 680 27,243 58.1 2019 Proj. Apr NA NA NA NA NA NA NA NA May 680 27,778 3,140 31,598 3,150 690 27,758 58.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2017 507 25,598 1,116 27,221 5,632 554 21,035 50.1 2018 Proj. Apr 554 26,821 1,065 28,440 5,900 610 21,930 51.8 May 554 26,784 1,099 28,437 5,916 575 21,946 51.9 2019 Proj. Apr NA NA NA NA NA NA NA NA May 575 27,624 1,120 29,319 6,125 585 22,609 53.1 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2017 1,304 52,078 4,362 57,744 8,500 1,246 47,998 108.2 2018 Proj. Apr 1,246 54,751 4,359 60,356 8,933 1,338 50,085 112.2 May 1,246 54,291 4,383 59,920 8,958 1,303 49,659 111.2 2019 Proj. Apr NA NA NA NA NA NA NA NA May 1,303 55,630 4,516 61,449 9,283 1,323 50,843 113.2 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2017 778 41,217 126 42,120 6,780 856 34,484 90.9 2018 Proj. Apr 856 41,897 130 42,883 6,950 830 35,103 91.9 May 856 41,877 133 42,866 6,938 830 35,098 91.9 2019 Proj. Apr NA NA NA NA NA NA NA NA May 830 42,837 136 43,803 7,100 860 35,843 93.2 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2017 279 5,981 24 6,284 621 310 5,353 16.4 2018 Proj. Apr 310 5,945 28 6,283 645 310 5,328 16.2 May 310 5,917 26 6,253 653 325 5,275 16.1 2019 Proj. Apr NA NA NA NA NA NA NA NA May 325 5,970 28 6,323 655 310 5,358 16.2 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2017 1,065 47,732 154 48,950 7,531 1,170 40,248 108.6 2018 Proj. Apr 1,170 48,381 162 49,713 7,720 1,148 40,845 109.4 May 1,170 48,333 163 49,666 7,714 1,163 40,789 109.2 2019 Proj. Apr NA NA NA NA NA NA NA NA May 1,163 49,352 168 50,683 7,895 1,178 41,610 110.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2017 2,369 99,810 4,515 106,695 16,032 2,416 88,247 216.8 2018 Proj. Apr 2,416 103,132 4,521 110,069 16,653 2,486 90,930 221.5 May 2,416 102,624 4,546 109,586 16,672 2,466 90,448 220.4 2019 Proj. Apr NA NA NA NA NA NA NA NA May 2,466 104,982 4,684 112,132 17,178 2,501 92,453 223.9 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready -to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. May 2018 WASDE - 577 - 33 U.S. Egg Supply and Use Commodity 2016 2017 2018 Proj. 2018 Proj. 2019 Proj. 2019 Proj. Apr May Apr May Eggs Million Dozen Supply Beginning Stocks 73.6 142.2 22.9 87.5 NA 101.0 Production 8,578.7 8,807.8 8,930.0 8,925.6 NA 9,110.0 Imports 129.5 34.1 32.0 33.0 NA 40.0 Total Supply 8,781.8 8,984.1 8,984.9 9,046.1 NA 9,251.0 Use Exports 302.8 354.0 320.0 335.9 NA 340.0 Hatching Use 1,009.6 1,034.9 1,050.0 1,052.0 NA 1,075.0 Ending Stocks 142.2 87.5 27.0 101.0 NA 96.0 Disappearance Total 7,327.1 7,507.7 7,587.9 7,557.2 NA 7,740.0 Per Capita (number) 271.7 276.4 277.4 276.3 NA 281.2 Total U.S. Milk Supply and Use Commodity 2016 2017 2018 Proj. 2018 Proj. 2019 Proj. 2019 Proj. Apr May Apr May Milk Billion Pounds Production 212.4 215.5 219.0 218.7 NA 221.5 Farm Use 1.0 1.0 1.0 1.0 NA 1.0 Fat Basis Supply Beg. Commercial Stocks 12.3 12.7 13.5 13.5 NA 12.6 Marketings 211.4 214.5 218.0 217.7 NA 220.5 Imports 7.0 6.0 5.6 5.5 NA 5.5 Total Cml. Supply 230.8 233.2 237.1 236.6 NA 238.6 Fat Basis Use Commercial Exports 8.4 9.3 9.6 9.9 NA 10.2 Ending Commercial Stocks 12.7 13.5 12.9 12.6 NA 11.8 CCC Donations 0.0 0.0 0.0 0.0 NA 0.0 Domestic Commercial Use 209.6 210.4 214.7 214.2 NA 216.6 Skim -solid Basis Supply Beg. Commercial Stocks 9.2 9.5 11.8 11.8 NA 11.0 Marketings 211.4 214.5 218.0 217.7 NA 220.5 Imports 6.5 6.1 5.9 5.8 NA 5.8 Total Cml. Supply 227.1 230.1 235.7 235.3 NA 237.3 Skim -solid Basis Use Commercial Exports 39.0 40.8 43.4 45.1 NA 45.3 Ending Commercial Stocks 9.5 11.8 11.5 11.0 NA 10.8 CCC Donations 0.0 0.0 0.0 0.0 NA 0.0 Domestic Commercial Use 178.5 177.5 180.9 179.1 NA 181.1 Total Note: Totals may not add due to rounding. May 2018 WASDE - 577 - 34 U.S. Dairy Prices Commodity 2016 2017 2018 Proj. 2018 Proj. 2019 Proj. 2019 Proj. Apr May Apr May Product Prices 1/ Dollars Per Pound Cheese 1.6050 1.6344 1.550 - 1.600 1.600 - 1.650 NA 1.585 - 1.685 Butter 2.0777 2.3303 2.210 - 2.290 2.245 - 2.325 NA 2.215 - 2.345 Nonfat Dry Milk 0.8292 0.8666 0.700 - 0.740 0.740 - 0.780 NA 0.745 - 0.815 Dry Whey 0.2875 0.4437 0.240 - 0.270 0.255 - 0.285 NA 0.285 - 0.315 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 14.87 16.17 14.20 - 14.70 14.80 - 15.30 NA 14.80 - 15.80 Class IV 13.77 15.16 13.25 - 13.85 13.75 - 14.35 NA 13.65 - 14.75 All Milk 3/ 16.30 17.63 15.60 - 16.10 16.20 - 16.70 NA 16.25 - 17.25 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated pla nts for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . May 2018 WASDE - 577 - 35 Reliability of May Projections 1/ Note: Tables on pages 35 -37 present a record of the May projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 3.2 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 5.4 percent. The average difference between the May pr ojection an d the final estimate is 16.6 million tons, ranging from 1.7 million to 35 million tons. The May projection has been below the estimate 23 times an d above 14 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 3.2 5.4 16.6 1.7 35.0 23 14 U.S. 6.8 11.5 3.1 0.0 9.8 19 18 Foreign 3.3 5.6 15.3 1.6 32.9 22 15 Exports World 6.1 10.3 6.0 0.1 17.6 26 11 U.S. 12.6 21.5 3.1 0.0 10.2 20 16 Foreign 7.0 11.9 5.6 0.4 17.8 27 10 Domestic Use World 2.2 3.8 10.1 0.3 28.3 24 13 U.S. 7.4 12.5 1.8 0.2 6.4 18 19 Foreign 2.2 3.7 9.7 0.2 28.0 25 12 Ending Stocks World 10.3 17.4 12.5 0.3 35.9 23 14 U.S. 21.0 35.6 3.6 0.1 14.1 21 16 Foreign 10.4 17.7 10.7 2.5 31.0 22 15 COARSE GRAINS 2/ Production World 3.8 6.4 26.5 1.1 103.6 18 19 U.S. 14.2 24.2 20.9 0.9 103.8 20 17 Foreign 2.8 4.7 14.5 0.2 42.8 16 21 Exports World 7.7 13.1 7.8 1.3 20.9 26 11 U.S. 27.9 47.3 8.4 0.1 29.5 16 21 Foreign 14.0 23.7 6.8 0.3 20.8 25 12 Domestic Use World 2.1 3.5 15.3 0.4 68.4 19 18 U.S. 6.0 10.3 8.1 0.2 38.4 24 13 Foreign 2.0 3.5 11.7 0.5 32.8 19 18 Ending Stocks World 20.3 34.5 22.1 2.6 71.4 23 14 U.S. 56.1 95.2 16.9 1.3 57.6 18 19 Foreign 17.1 29.1 11.5 0.0 33.9 25 12 RICE, milled Production World 2.4 4.1 6.9 0.0 21.8 22 15 U.S. 7.5 12.7 0.3 0.0 1.0 20 17 Foreign 2.5 4.2 6.9 0.4 22.0 22 15 Exports World 9.8 16.6 1.7 0.1 7.5 28 9 U.S. 12.0 20.3 0.3 0.0 1.0 19 13 Foreign 10.5 17.8 1.6 0.2 7.1 28 9 Domestic Use World 1.9 3.2 4.8 0.0 19.4 25 12 U.S. 9.3 15.8 0.2 0.0 0.6 13 23 Foreign 1.9 3.3 4.8 0.2 20.0 26 11 Ending Stocks World 14.4 24.4 5.8 0.1 24.7 25 12 U.S. 33.0 56.0 0.3 0.0 0.9 19 16 Foreign 15.8 26.7 5.8 0.1 24.8 25 12 1/ Footnotes at end of table. CONTINUED May 2018 WASDE - 577 - 36 Reliability of May Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World NA NA 11.5 1.5 23.1 5 4 U.S. 8.9 15.1 4.6 0.0 13.8 19 18 Foreign NA NA 8.0 0.7 16.9 7 2 Exports World NA NA 5.8 0.6 10.6 8 1 U.S. 15.6 26.4 3.0 0.0 6.8 20 16 Foreign NA NA 3.6 0.7 12.3 7 2 Domestic Use World NA NA 6.3 1.2 12.1 5 4 U.S. 6.4 10.9 2.0 0.2 7.5 23 14 Foreign NA NA 5.5 0.2 10.8 5 4 Ending Stocks World NA NA 8.7 2.0 19.2 5 4 U.S. 60.2 102.2 2.8 0.2 8.4 12 25 Foreign NA NA 7.4 0.1 15.7 6 3 COTTON Million 480 -Pound Bales Production World 6.4 10.8 4.5 0.1 16.7 23 14 U.S. 11.2 19.1 1.6 0.1 5.5 19 18 Foreign 6.4 10.9 3.5 0.1 12.2 21 16 Exports World 10.3 17.5 2.2 0.1 12.4 21 16 U.S. 30.2 51.3 1.4 0.1 3.9 23 14 Foreign 13.4 22.7 1.6 0.1 10.4 20 17 Domestic Use World 4.5 7.7 3.1 0.1 17.2 15 22 U.S. 9.6 16.2 0.5 0.0 1.4 17 19 Foreign 4.6 7.7 3.0 0.0 16.6 17 20 Ending Stocks World 18.0 30.5 6.4 1.0 18.1 25 12 U.S. 43.8 74.4 1.5 0.0 4.3 17 20 Foreign 17.0 28.9 5.3 0.1 17.2 25 12 1/ Marketing years 1981/82 through 2017/18 for grains, soybeans (U.S. only), and cotton. Marketing years 2009/10 through 2017/18 for global and foreign soybeans. Final for grains, soybeans, and cotton is defined as the first November estimate following th e marketing year for 1981/82 through 2016/17, and for 2017/18 the last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. May 2018 WASDE - 577 - 37 Reliability of United States May Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 15.1 25.7 739 8 4,010 16 21 Exports 29.0 49.3 300 0 1,100 17 19 Domestic Use 6.4 10.9 315 11 1,538 25 12 Ending Stocks 67.4 114.4 609 41 2,091 18 19 SORGHUM Production 20.5 34.8 89 0 228 17 19 Exports 32.7 55.6 45 0 190 18 18 Domestic Use 25.4 43.2 55 0 162 15 21 Ending Stocks 71.5 121.4 50 1 238 14 23 BARLEY Production 14.4 24.5 28 1 206 14 23 Exports 78.5 133.3 14 0 92 19 15 Domestic Use 11.4 19.4 29 0 95 17 19 Ending Stocks 21.2 36.0 23 0 78 17 19 OATS Production 25.8 43.8 32 1 231 9 28 Exports 113.5 192.6 1 0 8 9 12 Domestic Use 10.8 18.4 21 0 160 13 23 Ending Stocks 36.2 61.4 18 0 77 11 23 SOYBEAN MEAL Thousand Short Tons Production 5.7 9.7 1,303 0 5,344 23 13 Exports 18.1 30.7 978 0 2,750 22 14 Domestic Use 4.5 7.7 854 24 4,950 19 18 Ending Stocks 42.9 72.9 54 0 388 11 15 SOYBEAN OIL Million Pounds Production 5.4 9.2 635 18 2,500 26 11 Exports 35.9 60.8 486 25 1,700 20 17 Domestic Use 3.9 6.7 433 8 1,800 22 15 Ending Stocks 37.3 63.3 468 25 1,702 22 15 ANIMAL PROD. Million Pounds Beef 4.0 6.8 773 40 2,727 17 7 Pork 3.3 5.7 515 61 1,722 15 8 Broilers 2.4 4.2 671 75 1,640 11 13 Turkeys 4.1 7.1 177 2 500 12 12 Million Dozen Eggs 1.6 2.8 96 2 300 15 9 Billion Pounds Milk 1.6 2.7 2.0 0.0 6.7 11 9 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2017/18 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate followin g the marketing year for 1981/82 through 2016/17, and for 2017/18 the last month’s estimate. Calendar years 1982 through 2017 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1 982-2017. WASDE -577-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Dema nd Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data f or grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. IPAD is located at www.ipad .fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 WASDE Notification System Subscribers are notified through GovDelivery when the monthly World Agricultural Supply and Demand Estimates (WASDE) report is available. Previous WASDE reports are available at http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1194 For questions contact: Susan Carter at 202- 720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE -577 – May 10, 2018 WASDE Briefing Slides : The briefing slides which accompany today’s WASDE report will be available at http://www.usda.gov/oce/commodity/wasde/ Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e -mail s ubscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu. Select the “Reports by E -Mail” bar to sign up. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 609 Approved by the World Agricultural Outlook Board February 9, 2021 WHEAT: The supply and demand outlook for 2020/21 U.S. wheat is largely unchanged this month but there are offsetting by -class changes to exports, imports, and food use. Hard Red Spring (HRS) and White exports are raised on stronger than expected sales and shipme nts, particularly to China. Conversely, Hard Red Winter (HRW) exports are reduced on a continued slow pace. Durum imports are raised on the pace to date while HRS is lowered. Durum and HRS food use are raised while HRW and Soft Red Winter are lowered. These changes are mainly based on the NASS Flour Millings Products report and Census trade data. The season- average farm price is raised $0.15 per bushel to $5.00 based on NASS prices reported to date and expectations for futures and cash prices for the r emainder of the marketing year. The 2020/21 global wheat outlook is for greater supplies, increased consumption, higher exports, and reduced stocks. Supplies are raised 0.8 million tons to 1,073.5 million. Global production is increased to a record 773.4 million tons as higher production in Kazakhstan more than offsets reduced production in Pakistan and Argentina. World 2020/21 consumption is increased 9.8 million tons to 769.3 million, mostly on higher feed and residual use for China and increased food, seed, and industrial (FSI) use for India. China’s 2020/21 feed and residual use is raised to a record 30.0 million tons, surpassing the previous 2012/13 record of 26.0 million. China’s domestic corn prices continue to be at a premium to wheat, encoura ging greater wheat feed use. Additionally, increased auction volumes of old- crop stocks in China have expanded the availability of feed -quality wheat. India’s FSI is raised 3.5 million tons to a record 96.5 million as government stocks data indicate grea ter disappearance than previously estimated. This is likely the result of the inclusion of wheat products in India’s government food assistance programs to address economic disruptions caused by COVID -19. Projected 2020/21 global trade is raised 1.1 mil lion tons to 194.8 million tons as higher exports for the EU -27+UK and Kazakhstan more than offset lower exports for Argentina. EU-27+UK exports are raised on a strong export pace and improved price competitiveness with Russia. Kazakhstan exports are increased on its pace to date and greater exportable supplies. Argentina’s are lowered on reduced supplies and a slow export pace to date. The largest import change this month is for China, where imports are raised to 10.0 million tons on a continued robust pace. Projected 2020/21 world ending stocks are lowered 9.0 million tons to 304.2 million with most of the reductions due to increased consumption for China and India. However, global stocks remain record high with China and India holding 51 and 9 percent of the total, respectively. WASDE-609-2 COARSE GRAINS: This month’s 2020/21 U.S. corn outlook is for higher exports and lower ending stocks. Exports are raised 50 million bushels, reflecting historically large corn purchases by China. With no other use changes, U.S. corn ending stocks are lowered 50 million bushels from last month. The season- average corn price received by producers is raised 10 cents to $4.30 per bushel. Global coarse grain production for 2020/21 is projected marginally higher to 1,438.9 million tons. This month’s foreign coarse grain outlook is for higher production, lower consumption, and greater ending stocks relative t o last month. Foreign corn production is up fractionally, with an increase for South Africa more than offsetting a reduction for Paraguay. For South Africa, production is raised based on higher indicated area. For Brazil , the corn production forecast is unchanged as greater area is offset by a reduction in yield. Slow second -crop planting progress in the Center -West dampens yield prospects but very favorable prices boost area expectations. Major global trade changes for 2020/21 include higher projected corn exports for the United States, India, and South Africa. For 2019/20, Argentina and Brazil corn exports are raised for the local marketing year ending February 2021 based on larger -than- expected late- season shipments. Corn imports for 2020/21 are in creased for China, with partly offsetting reductions for the EU -27+UK, South Korea, Japan, India, Saudi Arabia, and Turkey. China’s barley and sorghum imports are also higher this month, bringing total coarse grain imports to 40.3 million tons. Foreign c orn ending stocks for 2020/21 are up relative to last month, mostly reflecting increases for China, South Africa, and Mexico that are partly offset by reductions for Argentina and Brazil. Global corn ending stocks, at 286.5 million tons, are up 2.7 millio n from last month. RICE : The outlook for 2020/21 U.S. rice this month is for stable supplies and domestic use, lower exports, and higher ending stocks. Exports are lowered by 1.0 million cwt to 93.0 million, all for long -grain on the continued sluggish pace of sales and shipment s for long-grain milled rice. Projected 2020/21 all rice ending stocks are raised by an equivalent amount to 39.4 million cwt. The projected 2020/21 all rice season -average farm price is raised $0.20 per cwt to $13.40 with increases in the NASS prices reported to date and price expectations for the remainder of the marketing year. The 2020/21 global outlook is for larger supplies, higher consumption, increased trade, and reduced stocks. Rice supplies are raised 0.8 million tons to 682.3 million, prim arily on higher rice production for Indonesia, Sri Lanka, and the Philippines as global production is raised to a record high 504.0 million. World 2020/21 consumption is increased 2.2 million tons to a record 504.2 million. The largest increase is for Ch ina, where more old- crop rice is expected to be fed due to rising domestic corn prices. World trade is raised 0.9 million tons to 46.3 million as higher exports by India more than offset reduced exports by Thailand. India’s exports are increased to a r ecord 15.0 million tons as its supplies remain ample and its export prices continue to be the most competitive among major exporters. Projected 2020/21 world ending stocks are lowered 1.4 million tons to 178.1 million, primarily on higher domestic use for China and larger exports for India. WASDE-609-3 OILSEEDS: This month’s 2020/21 U.S. soybean outlook is for increased exports and lower ending stocks. Soybean exports are projected at 2.25 billion bushels, up 20 million from last month reflecting record marketing- year exports through January and a slow start to Brazil’s export season resulting from harvest delays. With crush unchanged, soybean ending stocks are reduced 20 million bushels to 120 million. If realized, soybean ending stocks would be down 77 percen t from 2019/20, and the lowest since 2013/14. The U.S. season -average soybean price for 2020/21 is forecast at $11.15 per bushel, unchanged from last month. The soybean meal price is forecast at $400.00 per short ton, up 10 dollars. The soybean oil pric e forecast is raised 1.5 cents to 40.0 cents per pound. Global 2020/21 soybean supply and demand forecasts include higher exports and lower ending stocks. Global exports are raised 0.6 million tons to 169.7 million on higher exports from the United State s and Russia. Higher imports for Argentina are partially offset by reductions for the EU -27+UK , Canada, and Bangladesh . Global soybean stocks are reduced 1.0 million tons to 83.4 million as lower stocks in the United States and Brazil more than offset hi gher stocks in Argentina. SUGAR : U.S. sugar supply for 2020/21 is increased 215,644 short tons, raw value (STRV) to 14.333 million on projected increases in production and imports. Beet sugar production is increased 53,778 STRV to 5.046 million on a projected increase in national sucrose recovery to 15.126 percent. Recoveries in all regions except the Upper Midwest are projected to be at historically high levels, pushing the national recovery projection 1.19 standard deviations above its 8 -year average since 2012/13. Although beet pile shrink has been a concern in most regions, processors’ data collected through January has yet to suggest an adjustment at this time. Industry data indicate that crop year 2020/21 cane sugar production in Louisiana has set a record of 1.957 million STRV. With adjustments made for production occurring in September, the fiscal year estimate is 1.931 million STRV. The campaign was extended into January, resulting in record production for the month estimated at 197,000 STRV. This amount is 44,850 STRV above the level projected in the WASDE last month. Cane sugar production in Florida is increased by 65,000 STRV to 2.200 million on processors’ reporting of increased area harvested along with a smaller increase in cane yield. Cane sugar production in Texas is reduced 7,984 STRV to 134,000 on a processor -reported drop off in late -season yields. High -tier tariff imports are increased 60,000 STRV to 170,000. The increase reflects the strong pace set in the first quarter of the fiscal year and oversubscribed imports of organic sugar beyond remaining tranche levels that are being stored in bonded warehouses. There are no changes to use. Ending stocks are projected residually at 1.993 million STRV, implying an ending stocks -to-use ratio of 16.15 percent. After t he publication of the sugar WASDE next month, the Commerce Department will determine a new export limit for sugar from Mexico. That calculation will be set at the larger of (a) U.S. Needs as set out in the AD/CVD Suspension Agreement or (b) the export limit set by Commerce in December 2020 of 927,920 STRV. WASDE-609-4 LIVESTOCK, POULTRY, AND DAIRY : Estimates of 2020 red meat, poultry, and egg production are adjusted to reflect December production data. The 2021 forecast for total red meat and poultry production is raised from last month on higher forecast beef, pork, and broiler production. The beef production forecast is raised from the previous month primarily on higher cattle slaughter and heavier -than-expected early -year cattle weights. Pork production is raised on higher expected hog slaughter as well as heavier carcass weights in the first half of the year. Broiler production is raised slightly from the previous month. Production in the first quarter of the year is forecast higher on hatchery and preliminary slaughter data, but growth in second half production is slowed due to higher expected feed costs. The turkey production forecast is unchanged. Forecast egg production is reduced from last month as higher feed cos ts are expected to temper production growth. Livestock, poultry, and egg trade estimates for 2020 are adjusted to reflect December trade data. For 2021, the beef export forecast is raised on strong demand for U.S. beef in several markets. The turkey export forecast is reduced from last month on slow er international demand. Pork, broiler, and egg export forecasts remain unchanged from last month. Fed-cattle prices are lowered for the second half of the year on increased production, while the annual hog price forecast is raised from last month on expectations of firm demand. Broiler and egg price forecasts are raised on current prices and expected slower growth of production later in the year. Turkey prices are raised on stronger expected demand. The 2020 milk production, trade, and stock estimates are adjusted to reflect December data. For 2021, the milk production forecast is raised from last month, primarily on higher dairy cow numbers. The 2021 fat basis import forecast is raised on higher e xpected imports of cheese and butterfat products, while exports are raised on higher shipments of butterfat. On a skim -solids basis, the import forecast is unchanged while the export forecast is raised, reflecting expectations of strong international dema nd. Annual product price forecasts for cheese and butter are lowered from the previous month on current prices, increased production, and larger stocks. Nonfat dry milk (NDM) and whey price forecasts are raised from last month on firm demand. The Clas s III price is reduced on the lower cheese price forecast and the Class IV price is also reduced, reflecting a lower butter price forecast. The 2021 all milk price forecast is reduced to $17.15 per cwt. COTTON : The 2020/21 U.S. cotton supply and demand forecasts show slightly higher exports and lower ending stocks relative to last month. Production and domestic mill use are unchanged. The export forecast is raised 250,000 bales to 15.5 million based on a strong pace of shipments to date. Ending stocks are now estimated at 4.3 million bales, equivalent to 24 percent of total disappearance. The upland cotton marketing year average price received by producers is projected at 68 cents per pound, unchanged from January. WASDE-609-5 The 2020/21 world cotton forecasts include higher production, consumption, and imports, led by changes in China. World production is projected 1.3 million bales higher this month, with China’s forecast raised by 1.5 million bales as the daily rates of both ginnings and inspections in Xinjiang continue to show unusual late- season strength. Reports from China continue to suggest 2020/21 cotton area in Xinjiang was little changed from last year, but government classing data now indicates yields could be about 10 percent higher, while lower in Eastern China. India’s production estimate is reduced 500,000 bales on increasing evidence of pest infestation, while Pakistan is 200,000 bales higher and Australia 100,000 bales higher. World consumption is projected 1.5 million bales higher this month, with China’s forecast 1.0 million bales higher reflecting growing domestic textile demand and exports. Much smaller increases are also included for India, Pakistan, Bangladesh, and Turkey, while the outlook this month is for lower consumption in Indonesia and Thailand. World trade is projected 350,000 bales higher than last month, with imports 500,000 bales higher for China, and smaller, partially offsetting changes elsewhere. World ending stocks are almost 600,000 bales lower this month, at 95.7 million bales, 3.2 million bales lower than in 2019/20. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Mark Jekanowski, (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY : SETH MEYER SECRETARY OF AGRICULTURE DESIGNATE WASDE-609-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone , ICEC Chair, WAOB, mark .simone @usda.gov Jennifer Bond, ERS; Graham Soley , FAS; Pete Riley, FPAC. Rice: Mark Simone, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego , FAS; Vidalina Abadam, FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Michael McConnell , ERS; Yoonhee Macke, FAS; Sharon Raszap, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Mark Ash, ERS; Bill George, FAS; Gustavo Ferreira , FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; James Johnson, FAS; Kent Lanclos , FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Andrew Sowell, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Jacob Vuillemin, FAS; Georgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Kim Ha, ER S; Claire Mezoughem, FAS ; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS ; Georgi Gabrielyan, FPAC. In 2021, the WASDE report will be released on Mar 9, Apr 9, May 12, Jun 10, Jul 12, Aug 12, Sep 10, Oct 12, Nov 9, and Dec 9. WASDE-609-7 T A B L E OF C O N T E N T S Page Highlights ................................................................................................................. 1 Interagency Commodity Estimates Committees ...................................................... 6 World & U.S. Supply & Use for Grains .................................................................... 8 World & U.S. Supply & Use for Cotton .................................................................... 9 World & U.S. Supply & Use for Oilseeds ............................................................... 10 U.S. Wheat Supply & Use ...................................................................................... 11 U.S. Wheat Supply & Use by Class ....................................................................... 11 U.S. Feed Grain & Corn Supply & Use .................................................................. 12 U.S. Sorghum, Barley & Oats Supply & Use ......................................................... 13 U.S. Rice Supply & Use ......................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................. 15 U.S. Sugar Supply & Use ...................................................................................... 16 Mexico Sugar Supply and Use .............................................................................. 16 U.S. Cotton Supply & Use ..................................................................................... 17 World Wheat Supply & Use ................................................................................... 18 World Coarse Grains Supply & Use ...................................................................... 20 World Corn Supply & Use ...................................................................................... 22 World Rice Supply & Use ...................................................................................... 24 World Cotton Supply & Use ................................................................................... 26 World Soybean Supply & Use ............................................................................... 28 World Soybean Meal Supply & Use ....................................................................... 29 World Soybean Oil Supply & Use .......................................................................... 30 U.S. Quarterly Animal Product Production ............................................................ 31 U.S. Quarterly Prices for Animal Products ............................................................. 31 U.S. Meats Supply and Use ................................................................................... 32 U.S. Egg Supply & Use .......................................................................................... 33 U.S. Milk Supply and Use ...................................................................................... 33 U.S. Dairy Prices ................................................................................................... 34 Reliability Tables ................................................................................................... 35 Related USDA Reports .......................................................................................... 38 Metric Conversion Factors ..................................................................................... 38 Electronic Access and Subscriptions ...................................................................... 40 February 2021 WASDE - 609 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2018/19 2626.29 3447.70 430.38 2640.54 807.17 2019/20 (Est.) 2672.65 3479.82 442.22 2669.93 809.89 filler filler filler filler filler 2020/21 (Proj.) Jan 2714.30 3523.99 464.31 2717.21 806.78 2020/21 (Proj.) Feb 2716.35 3526.24 469.29 2727.73 798.52 filler filler filler filler filler Wheat 2018/19 730.90 1017.87 173.67 734.72 283.16 2019/20 (Est.) 763.93 1047.08 191.46 746.98 300.10 filler filler filler filler filler 2020/21 (Proj.) Jan 772.64 1072.73 193.78 759.54 313.19 2020/21 (Proj.) Feb 773.44 1073.54 194.84 769.32 304.22 filler filler filler filler filler Coarse Grains 5/ 2018/19 1398.07 1768.26 212.81 1421.15 347.10 2019/20 (Est.) 1411.56 1758.67 207.84 1427.16 331.51 filler filler filler filler filler 2020/21 (Proj.) Jan 1438.49 1769.78 225.16 1455.69 314.09 2020/21 (Proj.) Feb 1438.90 1770.40 228.20 1454.20 316.20 filler filler filler filler filler Rice, milled 2018/19 497.32 661.57 43.90 484.67 176.91 2019/20 (Est.) 497.17 674.07 42.91 495.79 178.28 filler filler filler filler filler 2020/21 (Proj.) Jan 503.17 681.47 45.38 501.97 179.50 2020/21 (Proj.) Feb 504.02 682.30 46.25 504.21 178.10 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2018/19 436.32 532.30 83.45 357.57 91.28 2019/20 (Est.) 417.89 516.32 79.77 355.83 80.73 filler filler filler filler filler 2020/21 (Proj.) Jan 431.48 519.31 102.14 350.74 66.43 2020/21 (Proj.) Feb 431.48 519.31 103.53 350.62 65.17 filler filler filler filler filler Wheat 2018/19 51.31 84.88 25.50 29.99 29.39 2019/20 (Est.) 52.58 84.83 26.28 30.56 27.99 filler filler filler filler filler 2020/21 (Proj.) Jan 49.69 80.94 26.81 31.38 22.76 2020/21 (Proj.) Feb 49.69 80.94 26.81 31.38 22.76 filler filler filler filler filler Coarse Grains 5/ 2018/19 377.91 438.46 54.97 323.02 60.47 2019/20 (Est.) 359.43 423.01 50.51 320.68 51.83 filler filler filler filler filler 2020/21 (Proj.) Jan 374.57 429.08 72.35 314.29 42.45 2020/21 (Proj.) Feb 374.57 429.08 73.77 314.16 41.16 filler filler filler filler filler Rice, milled 2018/19 7.11 8.96 2.97 4.57 1.42 2019/20 (Est.) 5.88 8.49 2.99 4.59 0.91 filler filler filler filler filler 2020/21 (Proj.) Jan 7.23 9.29 2.99 5.08 1.22 2020/21 (Proj.) Feb 7.23 9.29 2.95 5.08 1.25 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). February 2021 WASDE - 609 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2018/19 2,189.97 2,915.41 346.94 2,282.97 715.89 2019/20 (Est.) 2,254.76 2,963.50 362.45 2,314.11 729.17 filler filler filler filler filler 2020/21 (Proj.) Jan 2,282.82 3,004.67 362.17 2,366.46 740.35 2020/21 (Proj.) Feb 2,284.87 3,006.93 365.76 2,377.11 733.35 filler filler filler filler filler Wheat 2018/19 679.59 933.00 148.17 704.73 253.77 2019/20 (Est.) 711.34 962.26 165.19 716.42 272.12 filler filler filler filler filler 2020/21 (Proj.) Jan 722.95 991.79 166.97 728.16 290.43 2020/21 (Proj.) Feb 723.74 992.60 168.04 737.94 281.46 filler filler filler filler filler Coarse Grains 5/ 2018/19 1,020.16 1,329.80 157.84 1,098.14 286.63 2019/20 (Est.) 1,052.13 1,335.65 157.34 1,106.48 279.68 filler filler filler filler filler 2020/21 (Proj.) Jan 1,063.92 1,340.70 152.81 1,141.41 271.64 2020/21 (Proj.) Feb 1,064.33 1,341.32 154.43 1,140.04 275.04 filler filler filler filler filler Rice, milled 2018/19 490.21 652.61 40.93 480.10 175.48 2019/20 (Est.) 491.29 665.59 39.92 491.20 177.37 filler filler filler filler filler 2020/21 (Proj.) Jan 495.94 672.19 42.39 496.89 178.28 2020/21 (Proj.) Feb 496.79 673.02 43.30 499.12 176.85 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2018/19 118.56 199.67 41.64 120.46 79.96 2019/20 (Est.) 122.12 202.07 41.26 102.61 98.92 filler filler filler filler filler 2020/21 (Proj.) Jan 112.87 212.14 43.56 115.73 96.32 2020/21 (Proj.) Feb 114.14 213.07 43.90 117.21 95.74 filler filler filler filler filler United States 2018/19 18.37 22.57 14.84 2.98 4.85 2019/20 (Est.) 19.91 24.77 15.53 2.15 7.25 filler filler filler filler filler 2020/21 (Proj.) Jan 14.95 22.21 15.25 2.40 4.60 2020/21 (Proj.) Feb 14.95 22.21 15.50 2.40 4.30 filler filler filler filler filler Foreign 4/ 2018/19 100.20 177.10 26.81 117.49 75.11 2019/20 (Est.) 102.21 177.31 25.73 100.46 91.67 filler filler filler filler filler 2020/21 (Proj.) Jan 97.91 189.94 28.31 113.33 91.72 2020/21 (Proj.) Feb 99.19 190.86 28.40 114.81 91.44 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. February 2021 WASDE - 609 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2018/19 600.03 717.12 170.94 488.98 132.40 2019/20 (Est.) 576.29 708.69 190.15 506.15 110.36 filler filler filler filler filler 2020/21 (Proj.) Jan 594.48 705.27 192.65 512.28 96.50 2020/21 (Proj.) Feb 595.09 705.45 193.87 512.99 95.64 filler filler filler filler filler Oilmeals 2018/19 332.78 350.90 94.18 328.83 16.60 2019/20 (Est.) 344.52 361.12 94.00 342.28 14.07 filler filler filler filler filler 2020/21 (Proj.) Jan 352.21 366.23 91.93 350.37 11.97 2020/21 (Proj.) Feb 352.62 366.69 92.51 350.77 11.65 filler filler filler filler filler Vegetable Oils 2018/19 203.62 227.19 86.17 199.65 23.02 2019/20 (Est.) 207.33 230.35 86.30 202.77 23.78 filler filler filler filler filler 2020/21 (Proj.) Jan 209.41 232.71 86.36 207.75 20.72 2020/21 (Proj.) Feb 209.58 233.36 86.72 208.02 21.66 filler filler filler filler filler United States Output Tota l Supply Tra de Tota l Use 2/ Ending Stocks Oilseeds 2018/19 130.72 145.66 48.82 61.03 26.54 2019/20 (Est.) 106.98 134.74 47.04 63.04 15.96 filler filler filler filler filler 2020/21 (Proj.) Jan 122.42 140.13 61.81 64.28 5.38 2020/21 (Proj.) Feb 122.42 140.11 62.35 64.31 4.79 filler filler filler filler filler Oilmeals 2018/19 46.52 51.02 12.50 38.10 0.42 2019/20 (Est.) 48.76 53.31 13.05 39.87 0.39 filler filler filler filler filler 2020/21 (Proj.) Jan 49.67 54.09 13.21 40.47 0.41 2020/21 (Proj.) Feb 49.69 54.11 13.19 40.51 0.41 filler filler filler filler filler Vegetable Oils 2018/19 12.20 18.14 1.09 15.88 1.16 2019/20 (Est.) 12.64 18.72 1.51 16.01 1.21 filler filler filler filler filler 2020/21 (Proj.) Jan 13.03 19.15 1.47 16.44 1.25 2020/21 (Proj.) Feb 13.04 19.07 1.46 16.45 1.17 filler filler filler filler filler Foreign 3/ Output Tota l Supply Tra de Tota l Use 2/ Ending Stocks Oilseeds 2018/19 469.32 571.46 122.13 427.95 105.86 2019/20 (Est.) 469.31 573.95 143.11 443.11 94.41 filler filler filler filler filler 2020/21 (Proj.) Jan 472.06 565.15 130.85 447.99 91.13 2020/21 (Proj.) Feb 472.67 565.34 131.52 448.68 90.85 filler filler filler filler filler Oilmeals 2018/19 286.26 299.88 81.69 290.73 16.18 2019/20 (Est.) 295.76 307.81 80.95 302.40 13.69 filler filler filler filler filler 2020/21 (Proj.) Jan 302.54 312.14 78.72 309.90 11.56 2020/21 (Proj.) Feb 302.93 312.58 79.32 310.26 11.24 filler filler filler filler filler Vegetable Oils 2018/19 191.42 209.05 85.08 183.77 21.86 2019/20 (Est.) 194.69 211.63 84.79 186.76 22.57 filler filler filler filler filler 2020/21 (Proj.) Jan 196.39 213.55 84.89 191.31 19.47 2020/21 (Proj.) Feb 196.54 214.28 85.26 191.58 20.49 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. February 2021 WASDE - 609 - 11 U.S. Wheat Supply and Use 1/ 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Jan Feb Million Acres Area Planted 47.8 45.5 44.3 44.3 Area Harvested 39.6 37.4 36.7 36.7 Bushels Yield per Harvested Acre 47.6 51.7 49.7 49.7 Million Bushels Beginning Stocks 1,099 1,080 1,028 1,028 Production 1,885 1,932 1,826 1,826 Imports 135 105 120 120 Supply, Total 3,119 3,117 2,974 2,974 Food 954 962 965 965 Seed 59 60 63 63 Feed and Residual 88 101 125 125 Domestic, Total 1,102 1,123 1,153 1,153 Exports 937 965 985 985 Use, Total 2,039 2,089 2,138 2,138 Ending Stocks 1,080 1,028 836 836 Avg. Farm Price ($/bu) 2/ 5.16 4.58 4.85 5.00 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2019/20 (Est.) Beginning Stocks 516 263 158 88 55 1,080 Production 845 520 240 273 54 1,932 Supply, Total 3/ 1,363 836 402 367 150 3,117 Domestic Use 480 288 204 85 66 1,123 Exports 376 268 92 187 42 965 Use, Total 856 556 297 272 108 2,089 Ending Stocks, Total 506 280 105 95 42 1,028 2020/21 (Proj.) Beginning Stocks 506 280 105 95 42 1,028 Production 659 530 266 302 69 1,826 Supply, Total 3/ 1,167 867 379 405 156 2,974 Domestic Use 435 324 204 96 94 1,153 Exports 370 285 75 225 30 985 Use, Total 805 609 279 321 124 2,138 Ending Stocks, Total Feb 362 258 100 84 32 836 Ending Stocks, Total Jan 334 279 99 94 30 836 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. February 2021 WASDE - 609 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Jan Feb Million Acres Area Planted 99.9 100.6 102.3 102.3 Area Harvested 89.2 89.1 90.7 90.7 Metric Tons Yield per Harvested Acre 4.24 4.03 4.13 4.13 Million Metric Tons Beginning Stocks 57.9 60.5 51.8 51.8 Production 377.7 359.2 374.3 374.3 Imports 2.3 2.8 2.4 2.4 Supply, Total 437.9 422.4 428.5 428.5 Feed and Residual 142.9 154.4 147.2 147.2 Food, Seed & Industrial 179.6 165.7 166.5 166.4 Domestic, Total 322.5 320.1 313.7 313.6 Exports 55.0 50.5 72.3 73.8 Use, Total 377.5 370.6 386.1 387.3 Ending Stocks 60.5 51.8 42.4 41.1 CORN 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. January Fe brua ry Million Acres Area Planted 88.9 89.7 90.8 90.8 Area Harvested 81.3 81.3 82.5 82.5 Bushels Yield per Harvested Acre 176.4 167.5 172.0 172.0 Million Bushels Beginning Stocks 2,140 2,221 1,919 1,919 Production 14,340 13,620 14,182 14,182 Imports 28 42 25 25 Supply, Total 16,509 15,883 16,127 16,127 Feed and Residual 5,429 5,903 5,650 5,650 Food, Seed & Industrial 2/ 6,793 6,282 6,375 6,375 Ethanol & by -products 3/ 5,378 4,852 4,950 4,950 Domestic, Total 12,222 12,185 12,025 12,025 Exports 2,066 1,778 2,550 2,600 Use, Total 14,288 13,963 14,575 14,625 Ending Stocks 2,221 1,919 1,552 1,502 Avg. Farm Price ($/bu) 4/ 3.61 3.56 4.20 4.30 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data -products/feed-grains- database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. February 2021 WASDE - 609 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Jan Feb Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 5.7 5.3 5.9 5.9 Area Harvested (mil. acres) 5.1 4.7 5.1 5.1 Yield (bushels/acre) 72.1 73.0 73.2 73.2 Beginning Stocks 35 64 30 30 Production 365 341 373 373 Imports 0 0 0 0 Supply, Total 400 405 403 403 Feed and Residual 138 97 70 70 Food, Seed & Industrial 106 75 15 10 Total Domestic 244 171 85 80 Exports 93 204 290 295 Use, Total 336 375 375 375 Ending Stocks 64 30 28 28 Avg. Farm Price ($/bu) 2/ 3.26 3.34 4.70 4.80 Filler Filler Filler Filler Filler BARLEY 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. January Fe brua ry Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.5 2.8 2.6 2.6 Area Harvested (mil. acres) 2.0 2.2 2.1 2.1 Yield (bushels/acre) 77.5 77.7 77.5 77.5 Beginning Stocks 94 87 80 80 Production 154 172 165 165 Imports 6 7 7 7 Supply, Total 254 266 253 253 Feed and Residual 14 39 25 25 Food, Seed & Industrial 148 142 141 141 Total Domestic 162 180 166 166 Exports 5 6 8 9 Use, Total 167 186 174 175 Ending Stocks 87 80 79 78 Avg. Farm Price ($/bu) 2/ 4.62 4.69 4.60 4.70 Filler Filler Filler Filler Filler OATS 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. January Fe brua ry Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.7 2.8 3.0 3.0 Area Harvested (mil. acres) 0.9 0.8 1.0 1.0 Yield (bushels/acre) 64.9 64.3 65.1 65.1 Beginning Stocks 41 38 37 37 Production 56 53 65 65 Imports 86 92 94 94 Supply, Total 184 183 196 196 Feed and Residual 66 63 75 75 Food, Seed & Industrial 78 81 79 79 Total Domestic 144 144 154 154 Exports 2 2 2 2 Use, Total 146 146 156 156 Ending Stocks 38 37 40 40 Avg. Farm Price ($/bu) 2/ 2.66 2.82 2.70 2.70 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. February 2021 WASDE - 609 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Jan Feb Million Acres Area Planted 2.95 2.55 3.04 3.04 Area Harvested 2.91 2.48 2.99 2.99 Filler Pounds Yield per Harvested Acre 7,692 7,473 7,619 7,619 Million Hundredweight Beginning Stocks 2/ 29.4 44.9 28.7 28.7 Production 223.8 185.1 227.6 227.6 Imports 29.0 37.3 36.2 36.2 Supply, Total 282.2 267.3 292.4 292.4 Domestic & Residual 3/ 143.8 144.4 160.0 160.0 Exports, Total 4/ 93.6 94.2 94.0 93.0 Rough 33.3 31.2 35.0 35.0 Milled (rough equiv.) 60.3 62.9 59.0 58.0 Use, Total 237.3 238.6 254.0 253.0 Ending Stocks 44.9 28.7 38.4 39.4 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 12.60 13.60 13.20 13.40 Tota l LONG -GRAIN RICE 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. January Fe brua ry Harvested Acres (mil.) 2.18 1.73 2.30 2.30 Yield (pounds/acre) 7,517 7,261 7,422 7,422 Beginning Stocks 20.3 32.6 16.9 16.9 Production 163.6 125.6 170.9 170.9 Supply, Total 7/ 207.3 188.0 217.3 217.3 Domestic & Residual 3/ 108.5 106.4 125.0 125.0 Exports 8/ 66.2 64.6 66.0 65.0 Use, Total 174.7 171.1 191.0 190.0 Ending Stocks 32.6 16.9 26.3 27.3 Avg. Farm Price ($/cwt) 6/ 10.80 12.00 12.00 12.20 Filler Filler Filler Filler Filler MEDIUM & SHORT -GRAIN RICE 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. January Fe brua ry Harvested Acres (mil.) 0.73 0.75 0.69 0.69 Yield (pounds/acre) 8,209 7,964 8,282 8,282 Beginning Stocks 7.6 10.2 10.7 10.7 Production 60.3 59.5 56.7 56.7 Supply, Total 7/ 72.8 78.3 74.1 74.1 Domestic & Residual 3/ 35.3 38.0 35.0 35.0 Exports 8/ 27.3 29.6 28.0 28.0 Use, Total 62.6 67.6 63.0 63.0 Ending Stocks 10.2 10.7 11.1 11.1 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 18.50 18.20 16.90 16.90 California 10/ 21.10 21.60 19.00 19.00 Other States 1/ 12.30 11.60 12.30 12.50 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broken kernel rice (type undet ermined) not included in estimates of ending stocks by type (in mil. cwt): 2015/16- 2.9; 2016/17 -3.5; 2017/18- 1.4. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are conver ted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing- year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short -grain season -average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the preliminary California SAFP forecast and the final price has averaged $1.00 per cwt from 2014/15- 2018/19, with a high of $3.50 per cwt in 2017/18 and a low of -$0.20 per cwt in 2015/16. 10/ Marketing year beginning October 1. February 2021 WASDE - 609 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Jan Feb Filler Filler Filler Filler Filler Million Acres Area Planted 89.2 76.1 83.1 83.1 Area Harvested 87.6 74.9 82.3 82.3 Filler Bushels Yield per Harvested Acre 50.6 47.4 50.2 50.2 Million Bushels Beginning Stocks 438 909 525 525 Production 4,428 3,552 4,135 4,135 Imports 14 15 35 35 Supply, Total 4,880 4,476 4,695 4,695 Crushings 2,092 2,165 2,200 2,200 Exports 1,752 1,682 2,230 2,250 Seed 88 96 103 103 Residual 39 9 22 22 Use, Total 3,971 3,952 4,555 4,575 Ending Stocks 909 525 140 120 Avg. Farm Price ($/bu) 2/ 8.48 8.57 11.15 11.15 Tota l SOYBEAN OIL 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. January Fe brua ry Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,995 1,775 1,849 1,849 Production 4/ 24,197 24,912 25,565 25,565 Imports 397 319 350 350 Supply, Total 26,590 27,006 27,764 27,764 Domestic Disappearance 22,874 22,319 23,200 23,300 Biodiesel 3/ 7,863 7,858 8,200 8,300 Food, Feed & other Industrial 15,011 14,461 15,000 15,000 Exports 1,940 2,839 2,750 2,750 Use, Total 24,815 25,158 25,950 26,050 Ending stocks 1,775 1,849 1,814 1,714 Avg. Price (c/lb) 2/ 28.26 29.65 38.50 40.00 Tota l SOYBEAN MEAL 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. January Fe brua ry Filler 1 2 3 4 Thousand Short Tons Beginning Stocks 555 402 341 341 Production 4/ 48,814 51,100 51,959 51,959 Imports 683 639 600 600 Supply, Total 50,052 52,142 52,900 52,900 Domestic Disappearance 36,212 37,723 38,300 38,300 Exports 13,438 14,077 14,250 14,250 Use, Total 49,650 51,800 52,550 52,550 Ending Stocks 402 341 350 350 Avg. Price ($/s.t.) 2/ 308.28 299.50 390.00 400.00 Tota l Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 pe rcent protein, Decatur. 3/ Reflects only biodiesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,173 mill ion bushels for 2019/20 and 2,200 million bushels for 2020/21. February 2021 WASDE - 609 - 16 U.S. Sugar Supply and Use 1/ 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Jan Feb Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 2,008 1,783 1,618 1,618 Production 2/ 8,999 8,149 9,156 9,312 Beet Sugar 4,939 4,351 4,992 5,046 Cane Sugar 4,060 3,798 4,163 4,265 Florida 2,005 2,106 2,135 2,200 Hawaii 0 0 0 0 Louisiana 1,907 1,566 1,886 1,931 Texas 147 126 142 134 Imports 3,070 4,235 3,344 3,404 TRQ 3/ 1,541 2,152 1,721 1,721 Other Program 4/ 438 432 350 350 Other 5/ 1,092 1,651 1,273 1,333 Mexico 1,000 1,376 1,163 1,163 Total Supply 14,077 14,166 14,117 14,333 Exports 35 61 35 35 Deliveries 12,231 12,414 12,305 12,305 Food 12,106 12,316 12,200 12,200 Other 6/ 126 98 105 105 Miscellaneous 28 74 0 0 Total Use 12,294 12,549 12,340 12,340 Ending Stocks 1,783 1,618 1,777 1,993 Stocks to Use Ratio 14.5 12.9 14.4 16.1 Tota l 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2019/20 and 2020/21 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2019/20, WTO raw sugar TRQ shortfall (80) and for 2020/21 (99). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Imports from Mexico; and high- tier tariff sugar and syrups not otherwise specified -- for 2019/20 (275) and 2020/21 (170). 6/ Transfers accompanying deliveries for sugar- containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE - reported deliveries: 2018/19 -- 374; estimated 2019/20 -- 298; projected 2020/21 -- 353. Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2019/20 Est. Jan 1,169 5,278 77 4,455 1,212 858 2019/20 Est. Feb 1,169 5,278 77 4,455 1,212 858 2020/21 Proj. Jan 858 5,950 105 4,488 1,490 935 2020/21 Proj. Feb 858 5,950 105 4,488 1,490 935 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2018/19 = 1,528; Estimated 2019/20 = 1,388; Projected 2020/21 = 1,377; Estimated Oct -Dec 2020/21 = 338; Estimated Oct -Dec 2019/20 = 346. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2019/20 (352 est =330 dom.+23 import); 2020/21 (415 proj =350 dom.+65 import). Statistical Adjustments: 2019/20 (1), 2020/21 (0). February 2021 WASDE - 609 - 17 U.S. Cotton Supply and Use 1/ 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Jan Feb Filler Filler Filler Filler Filler Area Million Acres Planted 14.10 13.74 12.09 12.09 Harvested 9.99 11.61 8.70 8.70 Filler Pounds Yield per Harvested Acre 882 823 825 825 Million 480 Pound Bales Beginning Stocks 4.20 4.85 7.25 7.25 Production 18.37 19.91 14.95 14.95 Imports 0.00 0.00 0.00 0.00 Supply, Total 22.57 24.77 22.21 22.21 Domestic Use 2.98 2.15 2.40 2.40 Exports, Total 14.84 15.53 15.25 15.50 Use, Total 17.81 17.68 17.65 17.90 Unaccounted 2/ -0.09 -0.16 -0.04 0.01 Ending Stocks 4.85 7.25 4.60 4.30 Avg. Farm Price 3/ 70.3 59.6 68.0 68.0 Tota l Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. February 2021 WASDE - 609 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 286.98 730.90 171.16 139.20 734.72 173.67 283.16 World Less China 155.78 599.47 168.01 119.20 609.72 172.67 143.39 United States 29.91 51.31 3.66 2.39 29.99 25.50 29.39 Total Foreign 257.07 679.59 167.50 136.81 704.73 148.17 253.77 Major Exporters 4/ 42.93 302.77 7.31 81.91 194.75 120.77 37.50 Argentina 0.47 19.50 0.01 0.05 6.05 12.19 1.74 Australia 4.55 17.60 0.50 5.70 9.20 9.01 4.44 Canada 6.73 32.35 0.48 4.16 9.15 24.38 6.04 EU-27+UK 5/ 17.94 136.58 5.76 51.50 121.05 23.31 15.92 Russia 12.01 71.69 0.45 18.00 40.50 35.86 7.78 Ukraine 1.24 25.06 0.11 2.50 8.80 16.02 1.59 Major Importers 6/ 177.35 199.78 111.72 37.99 294.01 12.44 182.40 Bangladesh 2.23 1.10 5.10 0.28 7.18 0.00 1.26 Brazil 1.31 5.43 7.02 0.50 12.10 0.60 1.06 China 131.20 131.43 3.15 20.00 125.00 1.01 139.77 Japan 1.23 0.86 5.73 0.70 6.45 0.29 1.08 N. Africa 7/ 14.87 21.00 26.96 2.25 46.10 1.19 15.53 Nigeria 0.20 0.06 4.66 0.05 4.32 0.40 0.20 Sel. Mideast 8/ 15.28 17.88 17.23 3.45 37.70 0.63 12.06 Southeast Asia 9/ 5.51 0.00 26.72 7.94 25.29 1.07 5.87 Selected Other India 13.23 99.87 0.02 5.00 95.63 0.50 16.99 Kazakhstan 2.54 13.95 0.09 1.80 6.60 8.30 1.68 2019/20 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 283.16 763.93 185.26 138.95 746.98 191.46 300.10 World Less China 143.39 630.34 179.89 119.95 620.98 190.41 148.42 United States 29.39 52.58 2.86 2.75 30.56 26.28 27.99 Total Foreign 253.77 711.34 182.40 136.20 716.42 165.19 272.12 Major Exporters 4/ 37.50 324.94 6.80 81.21 195.26 141.19 32.80 Argentina 1.74 19.78 0.01 0.05 6.30 13.50 1.72 Australia 4.44 15.20 0.89 5.00 8.50 9.14 2.90 Canada 6.04 32.67 0.68 4.16 9.26 24.63 5.50 EU-27+UK 5/ 15.92 154.51 4.80 52.50 122.50 38.43 14.30 Russia 7.78 73.61 0.33 17.00 40.00 34.49 7.23 Ukraine 1.59 29.17 0.10 2.50 8.70 21.01 1.15 Major Importers 6/ 182.40 202.53 122.16 36.79 297.49 12.74 196.86 Bangladesh 1.26 1.20 6.80 0.30 7.40 0.00 1.86 Brazil 1.06 5.20 7.20 0.50 12.10 0.42 0.94 China 139.77 133.59 5.38 19.00 126.00 1.05 151.68 Japan 1.08 1.10 5.68 0.65 6.37 0.29 1.20 N. Africa 7/ 15.53 18.40 27.74 1.85 46.25 1.07 14.36 Nigeria 0.20 0.06 5.34 0.05 4.90 0.40 0.30 Sel. Mideast 8/ 12.06 22.19 17.71 3.60 38.47 0.78 12.70 Southeast Asia 9/ 5.87 0.00 26.45 7.64 25.15 1.08 6.09 Selected Other India 16.99 103.60 0.02 6.00 95.40 0.51 24.70 Kazakhstan 1.68 11.45 0.58 1.30 6.10 6.99 0.63 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, EU -27+UK, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2021 WASDE - 609 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jan 300.09 772.64 189.28 142.38 759.54 193.78 313.19 Feb 300.10 773.44 189.48 147.78 769.32 194.84 304.22 World Less China Jan 148.41 638.39 180.28 117.38 624.54 192.78 154.25 Feb 148.42 639.19 179.48 117.78 629.32 193.84 149.29 United States Jan 27.99 49.69 3.27 3.40 31.38 26.81 22.76 Feb 27.99 49.69 3.27 3.40 31.38 26.81 22.76 Total Foreign Jan 272.10 722.95 186.01 138.98 728.16 166.97 290.43 Feb 272.12 723.74 186.21 144.38 737.94 168.04 281.46 Major Exporters 4/ Jan 32.78 329.28 7.53 77.95 191.65 141.50 36.44 Feb 32.80 328.98 7.23 78.35 192.15 141.50 35.36 Argentina Jan 1.70 17.50 0.01 0.05 5.95 12.00 1.26 Feb 1.72 17.20 0.01 0.05 6.05 11.50 1.38 Australia Jan 2.90 30.00 0.50 4.50 8.00 20.00 5.40 Feb 2.90 30.00 0.20 4.50 8.00 20.00 5.10 Canada Jan 5.50 35.18 0.45 4.40 9.60 26.50 5.03 Feb 5.50 35.18 0.45 4.80 10.00 26.50 4.63 EU-27+UK 5/ Jan 14.30 135.80 6.00 49.00 118.50 26.50 11.10 Feb 14.30 135.80 6.00 49.00 118.50 27.00 10.60 Russia Jan 7.23 85.30 0.50 18.00 41.50 39.00 12.53 Feb 7.23 85.30 0.50 18.00 41.50 39.00 12.53 Ukraine Jan 1.15 25.50 0.08 2.00 8.10 17.50 1.12 Feb 1.15 25.50 0.08 2.00 8.10 17.50 1.12 Major Importers 6/ Jan 196.86 203.19 123.75 42.38 308.54 12.79 202.48 Feb 196.86 203.14 124.25 47.28 313.34 13.11 197.81 Bangladesh Jan 1.86 1.25 6.60 0.30 7.50 0.00 2.21 Feb 1.86 1.25 6.60 0.30 7.50 0.00 2.21 Brazil Jan 0.94 6.30 6.70 0.50 12.20 0.60 1.14 Feb 0.94 6.25 6.70 0.50 12.20 0.90 0.79 China Jan 151.68 134.25 9.00 25.00 135.00 1.00 158.93 Feb 151.68 134.25 10.00 30.00 140.00 1.00 154.93 Japan Jan 1.20 1.10 5.60 0.60 6.30 0.28 1.32 Feb 1.20 1.10 5.60 0.60 6.30 0.28 1.32 N. Africa 7/ Jan 14.36 16.64 29.40 1.75 46.95 0.99 12.46 Feb 14.36 16.64 29.40 1.75 46.95 0.99 12.45 Nigeria Jan 0.30 0.06 5.10 0.05 4.76 0.40 0.30 Feb 0.30 0.06 5.10 0.05 4.76 0.40 0.30 Sel. Mideast 8/ Jan 12.70 22.28 18.20 3.59 39.44 0.68 13.07 Feb 12.70 22.28 18.00 3.59 39.34 0.68 12.97 Southeast Asia 9/ Jan 6.09 0.00 26.25 7.49 25.34 1.09 5.91 Feb 6.09 0.00 25.95 7.39 25.24 1.11 5.69 Selected Other India Jan 24.70 107.59 0.03 6.50 99.50 1.50 31.32 Feb 24.70 107.59 0.03 6.50 103.02 1.80 27.50 Kazakhstan Jan 0.63 12.50 0.30 1.20 5.90 6.80 0.73 Feb 0.63 14.26 0.30 1.40 6.20 7.30 1.69 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, EU -27+UK, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabi a, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2021 WASDE - 609 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 370.19 1,398.07 194.35 852.73 1,421.15 212.81 347.10 World Less China 147.21 1,134.11 183.81 657.28 1,134.14 212.74 136.71 United States 57.92 377.91 2.63 143.09 323.02 54.97 60.47 Total Foreign 312.27 1,020.16 191.71 709.64 1,098.14 157.84 286.63 Major Exporters 4/ 27.12 293.19 5.65 127.91 172.32 134.04 19.60 Argentina 3.37 59.22 0.00 12.28 18.09 40.89 3.61 Australia 2.29 11.51 0.01 5.29 7.30 4.08 2.43 Brazil 9.71 104.33 2.32 59.95 70.98 39.72 5.65 Canada 4.57 26.20 2.62 16.18 24.10 5.98 3.30 Russia 1.37 35.00 0.05 18.80 27.37 7.84 1.22 Ukraine 2.91 44.50 0.06 8.33 11.36 34.07 2.04 Major Importers 5/ 39.30 243.80 144.25 294.80 379.72 11.12 36.51 EU-27+UK 6/ 15.66 148.26 26.49 126.00 168.19 8.83 13.39 Japan 1.80 0.18 17.73 13.84 17.95 0.00 1.75 Mexico 6.18 33.47 17.36 31.27 50.51 0.72 5.78 N. Afr & Mideast 7/ 7.80 31.09 39.90 62.17 70.48 0.89 7.41 Saudi Arabia 2.63 0.29 10.17 10.75 11.13 0.00 1.97 Southeast Asia 8/ 2.56 30.19 17.04 37.89 45.72 0.68 3.38 South Korea 1.86 0.23 10.96 8.59 11.20 0.00 1.86 Selected Other China 222.98 263.96 10.54 195.45 287.01 0.07 210.40 2019/20 Est. Beginning Stocks Production Imports Domes tic Feed Domes tic Total 2/ Exports Ending Stocks World 3/ 347.10 1,411.56 200.75 879.40 1,427.16 207.84 331.51 World Less China 136.71 1,143.36 183.26 678.58 1,132.09 207.80 130.52 United States 60.47 359.44 3.11 154.60 320.68 50.51 51.83 Total Foreign 286.63 1,052.13 197.64 724.80 1,106.48 157.34 279.68 Major Exporters 4/ 19.60 306.28 4.48 134.02 178.48 128.58 23.31 Argentina 3.61 58.13 0.01 12.12 17.68 39.03 5.04 Australia 2.43 10.44 0.01 4.84 6.80 3.82 2.25 Brazil 5.65 105.57 2.21 61.51 72.64 35.51 5.28 Canada 3.30 28.61 1.92 17.50 24.85 5.01 3.98 Russia 1.22 40.50 0.18 22.29 31.39 8.63 1.87 Ukraine 2.04 46.55 0.03 8.89 11.89 34.08 2.65 Major Importers 5/ 36.51 257.65 142.43 297.92 384.04 15.76 36.80 EU-27+UK 6/ 13.39 161.98 19.29 124.43 167.34 13.38 13.94 Japan 1.75 0.22 17.63 13.83 17.90 0.00 1.70 Mexico 5.78 32.10 17.60 30.83 50.31 1.03 4.14 N. Afr & Mideast 7/ 7.41 33.34 41.66 65.07 73.54 0.74 8.13 Saudi Arabia 1.97 0.27 11.33 11.15 11.51 0.00 2.06 Southeast Asia 8/ 3.38 29.40 18.27 38.55 46.62 0.61 3.82 South Korea 1.86 0.28 11.99 9.55 12.10 0.00 2.03 Selected Other China 210.40 268.20 17.50 200.82 295.07 0.04 200.98 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in ma rketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ EU -27+UK, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2021 WASDE - 609 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jan 331.30 1,438.49 216.59 897.80 1,455.69 225.16 314.09 Feb 331.51 1,438.90 220.12 901.79 1,454.20 228.20 316.20 World Less China Jan 130.31 1,170.44 184.34 685.50 1,147.01 225.09 121.56 Feb 130.52 1,170.85 179.87 681.99 1,142.02 228.13 119.17 United States Jan 51.83 374.57 2.69 147.41 314.29 72.35 42.45 Feb 51.83 374.57 2.69 147.41 314.16 73.77 41.16 Total Foreign Jan 279.47 1,063.92 213.90 750.40 1,141.41 152.81 271.64 Feb 279.68 1,064.33 217.43 754.38 1,140.04 154.43 275.04 Major Exporters 4/ Jan 24.04 308.71 4.21 138.42 184.28 128.26 24.41 Feb 23.31 309.74 4.21 138.56 184.08 129.17 24.00 Argentina Jan 5.54 55.19 0.01 13.51 19.18 37.51 4.05 Feb 5.04 55.59 0.01 13.51 19.18 37.81 3.65 Australia Jan 2.25 14.76 0.00 6.28 8.35 5.95 2.71 Feb 2.25 14.76 0.00 6.28 8.35 5.95 2.71 Brazil Jan 5.48 112.41 2.20 63.08 74.22 39.01 6.86 Feb 5.28 112.41 2.20 63.08 74.22 39.01 6.66 Canada Jan 3.98 29.51 1.81 17.48 25.26 6.00 4.05 Feb 3.98 29.64 1.81 17.53 25.21 6.40 3.83 Russia Jan 1.87 41.48 0.07 22.98 32.55 8.68 2.19 Feb 1.87 41.48 0.07 22.98 32.55 8.69 2.18 Ukraine Jan 2.68 38.71 0.02 8.00 11.20 28.31 1.91 Feb 2.65 38.71 0.02 8.10 11.17 28.31 1.90 Major Importers 5/ Jan 36.34 260.23 142.02 303.72 390.66 11.37 36.56 Feb 36.80 260.28 137.38 300.37 386.86 11.58 36.02 EU-27+UK 6/ Jan 13.74 161.81 18.26 127.20 170.74 9.04 14.01 Feb 13.94 161.76 15.71 124.85 168.09 9.34 13.96 Japan Jan 1.70 0.25 17.62 13.86 17.93 0.00 1.65 Feb 1.70 0.25 17.22 13.46 17.53 0.00 1.65 Mexico Jan 3.88 33.59 16.95 30.46 49.89 0.90 3.63 Feb 4.14 33.59 16.86 30.36 49.79 0.90 3.90 N. Afr & Mideast 7/ Jan 8.13 33.67 41.31 65.74 74.17 0.87 8.07 Feb 8.13 33.77 40.81 65.64 74.07 0.77 7.87 Saudi Arabia Jan 2.06 0.27 12.11 11.55 11.91 0.00 2.53 Feb 2.06 0.27 11.51 11.45 11.81 0.00 2.03 Southeast Asia 8/ Jan 3.82 30.35 19.18 40.75 48.97 0.56 3.81 Feb 3.82 30.35 19.18 40.75 48.97 0.56 3.81 South Korea Jan 2.03 0.22 12.11 9.65 12.31 0.00 2.04 Feb 2.03 0.22 11.61 9.35 11.86 0.00 1.99 Selected Other China Jan 200.98 268.05 32.25 212.30 308.68 0.07 192.53 Feb 200.98 268.05 40.25 219.80 312.18 0.07 197.03 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some coun tries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, an d Ukraine. 5/ EU -27+UK, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, M alaysia, Philippines, Thailand, and Vietnam. February 2021 WASDE - 609 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 340.76 1,123.84 164.42 703.63 1,144.49 181.73 320.11 World Less China 118.24 866.67 159.94 512.63 870.49 181.71 109.95 United States 54.37 364.26 0.71 137.91 310.45 52.48 56.41 Total Foreign 286.39 759.58 163.71 565.73 834.04 129.25 263.70 Major Exporters 4/ 16.16 211.04 2.25 86.34 108.04 111.47 9.95 Argentina 2.41 51.00 0.00 9.70 13.80 37.24 2.37 Brazil 9.32 101.00 1.66 57.00 67.00 39.68 5.29 Russia 0.20 11.42 0.04 7.60 8.50 2.77 0.38 South Africa 2.67 11.82 0.51 7.04 12.54 1.45 1.02 Ukraine 1.57 35.81 0.04 5.00 6.20 30.32 0.89 Major Importers 5/ 23.25 129.15 99.36 169.33 224.47 5.03 22.26 Egypt 1.85 6.80 9.37 13.70 16.20 0.00 1.81 EU-27+UK 6/ 9.16 64.38 25.25 67.00 87.50 3.63 7.66 Japan 1.39 0.00 16.05 12.30 16.00 0.00 1.45 Mexico 5.65 27.67 16.66 25.90 44.10 0.72 5.16 Southeast Asia 7/ 2.54 30.14 16.66 37.60 45.30 0.68 3.37 South Korea 1.85 0.08 10.86 8.56 10.95 0.00 1.84 Selected Other 0.00 Canada 2.42 13.89 2.56 9.30 15.09 1.80 1.98 China 222.53 257.17 4.48 191.00 274.00 0.02 210.16 2019/20 Est. Beginning Stocks Production Imports Domes tic Feed Domes tic Total 2 / Exports Ending Stocks World 3/ 320.11 1,116.55 165.35 714.16 1,133.66 171.04 303.01 World Less China 109.95 855.77 157.75 521.16 855.66 171.03 102.48 United States 56.41 345.96 1.06 149.94 309.51 45.17 48.76 Total Foreign 263.70 770.59 164.28 564.22 824.15 125.87 254.25 Major Exporters 4/ 9.95 219.16 1.58 88.80 110.80 107.00 12.89 Argentina 2.37 51.00 0.01 9.50 13.50 36.00 3.87 Brazil 5.29 102.00 1.50 58.50 68.50 35.50 4.79 Russia 0.38 14.28 0.05 8.80 9.80 4.07 0.83 South Africa 1.02 16.00 0.00 6.80 12.60 2.50 1.92 Ukraine 0.89 35.89 0.03 5.20 6.40 28.93 1.48 Major Importers 5/ 22.26 129.28 95.28 164.10 219.75 6.45 20.61 Egypt 1.81 6.40 10.43 14.40 16.90 0.01 1.73 EU-27+UK 6/ 7.66 66.72 18.61 60.00 81.00 4.81 7.18 Japan 1.45 0.00 15.89 12.30 15.95 0.00 1.39 Mexico 5.16 26.66 16.53 25.60 43.80 1.03 3.52 Southeast Asia 7/ 3.37 29.35 17.36 37.80 45.65 0.61 3.81 South Korea 1.84 0.08 11.89 9.50 11.80 0.00 2.00 Selected Other 0.00 Canada 1.98 13.40 1.84 8.66 13.96 0.71 2.56 China 210.16 260.78 7.60 193.00 278.00 0.01 200.53 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, EU -27+UK, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2021 WASDE - 609 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jan 303.01 1,133.89 176.28 725.02 1,153.06 183.63 283.83 Feb 303.01 1,134.05 179.01 727.37 1,150.52 185.70 286.53 World Less China Jan 102.48 873.22 158.78 525.02 866.06 183.61 92.16 Feb 102.48 873.38 155.01 521.37 861.52 185.68 90.36 United States Jan 48.76 360.25 0.64 143.52 305.45 64.77 39.42 Feb 48.76 360.25 0.64 143.52 305.45 66.04 38.15 Total Foreign Jan 254.25 773.64 175.65 581.50 847.61 118.86 244.41 Feb 254.25 773.80 178.37 583.86 845.07 119.66 248.38 Major Exporters 4/ Jan 13.59 216.00 1.56 92.80 114.90 102.90 13.35 Feb 12.89 216.50 1.56 92.80 114.90 103.10 12.95 Argentina Jan 4.37 47.50 0.01 11.00 15.00 34.00 2.88 Feb 3.87 47.50 0.01 11.00 15.00 34.00 2.38 Brazil Jan 4.99 109.00 1.50 60.00 70.00 39.00 6.49 Feb 4.79 109.00 1.50 60.00 70.00 39.00 6.29 Russia Jan 0.83 14.00 0.04 9.90 11.00 3.10 0.77 Feb 0.83 14.00 0.04 9.90 11.00 3.10 0.77 South Africa Jan 1.92 16.00 0.00 7.00 12.80 2.80 2.32 Feb 1.92 16.50 0.00 7.00 12.80 3.00 2.62 Ukraine Jan 1.48 29.50 0.02 4.90 6.10 24.00 0.89 Feb 1.48 29.50 0.02 4.90 6.10 24.00 0.89 Major Importers 5/ Jan 20.38 128.46 95.25 164.80 220.80 3.67 19.62 Feb 20.61 128.46 91.85 161.60 217.45 3.67 19.80 Egypt Jan 1.73 6.40 10.30 14.40 16.90 0.01 1.52 Feb 1.73 6.40 10.30 14.40 16.90 0.01 1.52 EU-27+UK 6/ Jan 7.18 63.60 18.00 58.50 79.50 2.20 7.08 Feb 7.18 63.60 15.50 56.00 77.00 2.20 7.08 Japan Jan 1.39 0.00 16.00 12.40 16.05 0.00 1.34 Feb 1.39 0.00 15.60 12.00 15.65 0.00 1.34 Mexico Jan 3.29 28.00 16.50 25.60 43.85 0.90 3.04 Feb 3.52 28.00 16.50 25.60 43.85 0.90 3.27 Southeast Asia 7/ Jan 3.81 30.30 18.05 39.80 47.80 0.56 3.80 Feb 3.81 30.30 18.05 39.80 47.80 0.56 3.80 South Korea Jan 2.00 0.08 12.00 9.60 12.05 0.00 2.03 Feb 2.00 0.08 11.50 9.30 11.60 0.00 1.98 Selected Other Canada Jan 2.56 13.56 1.70 9.60 14.80 1.00 2.02 Feb 2.56 13.56 1.70 9.60 14.80 1.00 2.02 China Jan 200.53 260.67 17.50 200.00 287.00 0.02 191.68 Feb 200.53 260.67 24.00 206.00 289.00 0.02 196.18 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, EU -27+UK, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2021 WASDE - 609 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 164.26 497.32 44.04 484.67 43.90 176.91 World Less China 55.26 348.83 40.84 341.75 41.13 61.91 United States 0.93 7.11 0.92 4.57 2.97 1.42 Total Foreign 163.32 490.21 43.12 480.10 40.93 175.48 Major Exporters 4/ 28.88 184.66 0.76 145.71 31.76 36.84 Burma 0.81 13.20 0.01 10.25 2.70 1.07 India 22.60 116.48 0.00 99.16 10.42 29.50 Pakistan 1.42 7.30 0.00 3.30 4.49 0.93 Thailand 3.01 20.34 0.25 11.80 7.56 4.24 Vietnam 1.03 27.34 0.50 21.20 6.58 1.10 Major Importers 5/ 122.91 239.14 17.13 247.82 3.18 128.19 China 109.00 148.49 3.20 142.92 2.77 115.00 EU-27+UK 6/ 1.18 1.97 2.15 3.80 0.30 1.19 Indonesia 5.56 34.20 0.60 36.30 0.00 4.06 Nigeria 1.58 4.54 1.90 6.80 0.00 1.22 Philippines 2.29 11.73 3.60 14.10 0.00 3.52 Sel. Mideast 7/ 1.23 2.01 3.93 5.90 0.00 1.27 Selected Other 0.00 Brazil 0.59 7.14 0.75 7.35 0.88 0.25 C. Amer & Carib 8/ 0.57 1.74 1.78 3.47 0.04 0.58 Egypt 1.56 2.80 0.81 4.20 0.02 0.95 Japan 2.22 7.66 0.63 8.40 0.07 2.05 Mexico 0.15 0.19 0.74 0.92 0.03 0.14 South Korea 1.56 3.87 0.29 4.57 0.05 1.09 2019/20 Est. Beginning Stocks Production Imports Total /2 Domes tic Exports Ending Stocks World 3/ 176.91 497.17 42.51 495.79 42.91 178.28 World Less China 61.91 350.44 39.91 350.56 40.31 61.78 United States 1.42 5.88 1.19 4.59 2.99 0.91 Total Foreign 175.48 491.29 41.32 491.20 39.92 177.37 Major Exporters 4/ 36.84 183.08 0.66 152.82 30.34 37.41 Burma 1.07 12.70 0.01 10.35 2.20 1.23 India 29.50 118.43 0.00 105.74 12.49 29.70 Pakistan 0.93 7.20 0.00 3.28 3.82 1.03 Thailand 4.24 17.66 0.25 12.20 5.67 4.27 Vietnam 1.10 27.10 0.40 21.25 6.17 1.18 Major Importers 5/ 128.19 239.81 14.48 250.58 2.97 128.94 China 115.00 146.73 2.60 145.23 2.60 116.50 EU-27+UK 6/ 1.19 1.97 2.44 4.05 0.31 1.24 Indonesia 4.06 34.70 0.55 36.00 0.00 3.31 Nigeria 1.22 5.04 1.40 6.85 0.00 0.81 Philippines 3.52 11.93 2.45 14.30 0.00 3.60 Sel. Mideast 7/ 1.27 2.34 3.97 6.15 0.00 1.43 Selected Other 0.00 Brazil 0.25 7.60 0.95 7.30 1.21 0.29 C. Amer & Carib 8/ 0.58 1.63 1.85 3.39 0.04 0.64 Egypt 0.95 4.30 0.30 4.30 0.02 1.23 Japan 2.05 7.61 0.71 8.35 0.07 1.94 Mexico 0.14 0.18 0.80 0.94 0.01 0.16 South Korea 1.09 3.74 0.45 4.10 0.06 1.14 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, EU -27+UK, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. February 2021 WASDE - 609 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Jan 178.31 503.17 42.97 501.97 45.38 179.50 Feb 178.28 504.02 43.80 504.21 46.25 178.10 World Less China Jan 61.81 354.87 40.77 354.47 42.88 62.50 Feb 61.78 355.72 41.00 355.21 43.85 61.90 United States Jan 0.91 7.23 1.15 5.08 2.99 1.22 Feb 0.91 7.23 1.15 5.08 2.95 1.25 Total Foreign Jan 177.40 495.94 41.82 496.89 42.39 178.28 Feb 177.37 496.79 42.65 499.13 43.30 176.85 Major Exporters 4/ Jan 37.75 186.20 0.71 153.20 33.30 38.16 Feb 37.41 186.20 0.71 153.25 34.40 36.67 Burma Jan 1.13 12.90 0.01 10.50 2.20 1.34 Feb 1.23 12.90 0.01 10.50 2.40 1.24 India Jan 29.70 120.00 0.00 106.00 13.80 29.90 Feb 29.70 120.00 0.00 106.00 15.00 28.70 Pakistan Jan 1.03 7.60 0.00 3.40 4.00 1.23 Feb 1.03 7.60 0.00 3.30 4.10 1.23 Thailand Jan 4.64 18.60 0.20 12.00 7.00 4.44 Feb 4.27 18.60 0.20 12.20 6.50 4.37 Vietnam Jan 1.25 27.10 0.50 21.30 6.30 1.25 Feb 1.18 27.10 0.50 21.25 6.40 1.13 Major Importers 5/ Jan 128.58 241.18 14.65 252.75 2.87 128.79 Feb 128.94 241.67 15.40 254.65 2.77 128.58 China Jan 116.50 148.30 2.20 147.50 2.50 117.00 Feb 116.50 148.30 2.80 149.00 2.40 116.20 EU-27+UK 6/ Jan 1.25 1.98 2.40 4.15 0.32 1.16 Feb 1.24 1.98 2.40 4.15 0.32 1.15 Indonesia Jan 3.11 34.90 0.50 35.40 0.00 3.11 Feb 3.31 35.50 0.50 35.80 0.00 3.51 Nigeria Jan 0.71 5.04 1.50 6.70 0.00 0.55 Feb 0.81 4.73 1.80 6.70 0.00 0.64 Philippines Jan 3.60 12.00 2.30 14.40 0.00 3.50 Feb 3.60 12.20 2.20 14.40 0.00 3.60 Sel. Mideast 7/ Jan 1.36 2.27 3.85 6.20 0.00 1.28 Feb 1.43 2.27 3.70 6.20 0.00 1.19 Selected Other Brazil Jan 0.35 7.48 0.80 7.20 1.00 0.43 Feb 0.29 7.48 0.85 7.35 0.90 0.37 C. Amer & Carib 8/ Jan 0.64 1.63 1.95 3.52 0.03 0.66 Feb 0.64 1.64 1.93 3.52 0.03 0.66 Egypt Jan 1.23 4.00 0.25 4.30 0.02 1.16 Feb 1.23 4.00 0.25 4.30 0.02 1.16 Japan Jan 1.92 7.62 0.69 8.25 0.08 1.90 Feb 1.94 7.62 0.69 8.25 0.08 1.92 Mexico Jan 0.16 0.19 0.80 0.96 0.01 0.19 Feb 0.16 0.19 0.80 0.96 0.01 0.19 South Korea Jan 1.14 3.51 0.45 4.00 0.06 1.04 Feb 1.14 3.51 0.45 4.00 0.06 1.04 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, EU -27+UK, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. February 2021 WASDE - 609 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2018/19 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 81.11 118.56 42.43 120.46 41.64 0.04 79.96 World Less China 43.11 90.81 32.79 80.96 41.43 0.04 44.29 United States 4.20 18.37 3/ 2.98 14.84 -0.09 4.85 Total Foreign 76.91 100.20 42.43 117.49 26.81 0.14 75.11 Major Exporters 4/ 26.93 54.52 2.48 33.32 22.33 0.02 28.26 Central Asia 5/ 2.67 5.44 3/ 3.80 2.04 0.00 2.28 Afr. Fr. Zone 6/ 1.61 5.43 3/ 0.17 5.47 0.00 1.41 S. Hemis. 7/ 13.19 17.22 0.18 4.39 10.86 0.01 15.32 Australia 3.04 2.20 3/ 0.04 3.63 0.00 1.57 Brazil 8.66 13.00 0.02 3.40 6.02 0.00 12.26 India 9.23 25.80 1.80 24.30 3.52 0.00 9.00 Major Importers 8/ 48.12 42.69 37.40 79.99 3.24 0.11 44.88 Mexico 0.66 1.74 0.85 2.00 0.52 0.03 0.69 China 37.99 27.75 9.64 39.50 0.21 0.00 35.67 EU-27+UK 9/ 0.30 1.71 0.64 0.70 1.72 0.03 0.22 Turkey 1.95 3.75 3.61 6.90 0.71 0.00 1.69 Pakistan 2.83 7.60 2.85 10.70 0.06 0.03 2.50 Indonesia 0.63 3/ 3.05 3.15 0.01 0.00 0.53 Thailand 0.20 3/ 1.08 1.05 0.00 0.03 0.20 Bangladesh 1.86 0.14 7.00 7.20 0.00 0.01 1.78 Vietnam 1.29 3/ 6.94 7.00 0.00 0.00 1.23 2019/20 Est. Beginning Stocks Production Imports Domes tic Use Exports Los s /2 Ending Stocks World 79.96 122.12 40.68 102.61 41.26 -0.04 98.92 World Less China 44.29 94.87 33.54 69.61 41.10 -0.04 62.03 United States 4.85 19.91 3/ 2.15 15.53 -0.16 7.25 Total Foreign 75.11 102.21 40.68 100.46 25.73 0.13 91.67 Major Exporters 4/ 28.26 58.53 2.87 28.25 21.26 0.02 40.13 Central Asia 5/ 2.28 5.96 3/ 3.94 1.58 0.00 2.72 Afr. Fr. Zone 6/ 1.41 5.91 3/ 0.14 4.89 0.00 2.29 S. Hemis. 7/ 15.32 16.71 0.14 3.56 11.31 0.01 17.29 Australia 1.57 0.63 3/ 0.04 1.36 0.00 0.80 Brazil 12.26 13.78 0.01 2.70 8.94 0.00 14.40 India 9.00 29.50 2.28 20.00 3.20 0.00 17.58 Major Importers 8/ 44.88 40.62 35.44 68.58 3.18 0.11 49.07 Mexico 0.69 1.57 0.59 1.50 0.66 0.03 0.67 China 35.67 27.25 7.14 33.00 0.16 0.00 36.90 EU-27+UK 9/ 0.22 2.00 0.58 0.60 1.82 0.03 0.35 Turkey 1.69 3.45 4.67 6.60 0.45 0.00 2.77 Pakistan 2.50 6.20 3.98 9.20 0.06 0.03 3.39 Indonesia 0.53 3/ 2.51 2.40 0.00 0.00 0.64 Thailand 0.20 3/ 0.70 0.78 0.00 0.02 0.10 Bangladesh 1.78 0.14 7.50 6.90 0.00 0.01 2.52 Vietnam 1.23 3/ 6.48 6.30 0.00 0.00 1.41 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, re flects the difference between implicit stocks based on suppl y less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regi ons listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. February 2021 WASDE - 609 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2020/21 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Jan 99.28 112.87 43.55 115.73 43.56 0.09 96.32 Feb 98.92 114.14 43.92 117.21 43.90 0.14 95.74 World Less China Jan 62.38 85.37 33.05 77.23 43.43 0.09 60.04 Feb 62.03 85.14 32.92 77.71 43.78 0.14 58.46 United States Jan 7.25 14.95 3/ 2.40 15.25 -0.04 4.60 Feb 7.25 14.95 3/ 2.40 15.50 0.01 4.30 filler filler filler filler filler filler filler Total Foreign Jan 92.03 97.91 43.54 113.33 28.31 0.13 91.72 Feb 91.67 99.19 43.91 114.81 28.40 0.13 91.44 Major Exporters 4/ Jan 40.48 57.17 1.71 32.88 24.31 0.02 42.15 Feb 40.13 56.75 1.51 33.18 24.35 0.02 40.83 Central Asia 5/ Jan 2.72 5.83 3/ 4.19 1.58 0.00 2.78 Feb 2.72 5.83 3/ 4.19 1.58 0.00 2.78 Afr. Fr. Zone 6/ Jan 2.30 4.77 3/ 0.14 4.72 0.00 2.21 Feb 2.29 4.77 3/ 0.14 4.82 0.00 2.09 S. Hemis. 7/ Jan 17.32 16.73 0.16 3.92 12.74 0.01 17.54 Feb 17.29 16.80 0.16 3.92 12.69 0.01 17.63 Australia Jan 0.80 2.50 3/ 0.04 1.50 0.00 1.77 Feb 0.80 2.60 3/ 0.04 1.50 0.00 1.87 filler filler filler filler filler filler filler Brazil Jan 14.40 12.00 0.03 3.00 10.00 0.00 13.43 Feb 14.40 12.00 0.03 3.00 10.00 0.00 13.43 India Jan 17.88 29.50 1.00 24.00 5.00 0.00 19.38 Feb 17.58 29.00 0.80 24.30 5.00 0.00 18.08 Major Importers 8/ Jan 49.07 37.58 39.33 76.53 2.58 0.11 46.76 Feb 49.07 39.28 39.90 77.71 2.63 0.11 47.80 Mexico Jan 0.67 1.05 0.75 1.60 0.30 0.03 0.54 Feb 0.67 1.05 0.80 1.60 0.35 0.03 0.54 China Jan 36.90 27.50 10.50 38.50 0.13 0.00 36.27 Feb 36.90 29.00 11.00 39.50 0.13 0.00 37.27 EU-27+UK 9/ Jan 0.34 1.68 0.61 0.66 1.63 0.03 0.31 Feb 0.35 1.68 0.61 0.66 1.63 0.03 0.32 Turkey Jan 2.77 2.90 4.50 7.20 0.45 0.00 2.52 Feb 2.77 2.90 4.60 7.30 0.45 0.00 2.52 Pakistan Jan 3.39 4.30 4.90 10.00 0.05 0.03 2.52 Feb 3.39 4.50 5.00 10.20 0.05 0.03 2.62 Indonesia Jan 0.64 3/ 2.60 2.70 0.00 0.00 0.54 Feb 0.64 3/ 2.40 2.55 0.00 0.00 0.49 Thailand Jan 0.10 3/ 0.68 0.65 0.00 0.03 0.11 Feb 0.10 3/ 0.60 0.58 0.00 0.03 0.10 Bangladesh Jan 2.52 0.15 6.90 7.30 0.00 0.01 2.25 Feb 2.52 0.15 7.00 7.40 0.00 0.01 2.25 Vietnam Jan 1.41 3/ 6.70 6.70 0.00 0.00 1.41 Feb 1.41 3/ 6.70 6.70 0.00 0.00 1.41 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on suppl y less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso , Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. February 2021 WASDE - 609 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 98.99 361.04 145.77 298.36 344.09 148.83 112.88 World Less China 75.93 345.07 63.23 213.36 242.09 148.71 93.42 United States 11.92 120.52 0.38 56.94 60.40 47.68 24.74 Total Foreign 87.07 240.52 145.39 241.43 283.69 101.15 88.14 Major Exporters 3/ 56.97 186.34 6.56 86.79 96.53 91.64 61.70 Argentina 23.73 55.30 6.41 40.57 47.45 9.10 28.89 Brazil 32.70 119.70 0.14 42.53 45.18 74.89 32.47 Paraguay 0.51 8.51 0.01 3.62 3.82 4.90 0.32 Major Importers 4/ 25.67 19.84 115.02 113.03 138.08 0.32 22.14 China 23.06 15.97 82.54 85.00 102.00 0.12 19.46 EU-27+UK 1.40 2.67 14.99 15.60 17.26 0.18 1.61 Southeast Asia 0.84 0.66 8.31 3.81 9.08 0.02 0.71 Mexico 0.17 0.34 5.87 6.15 6.20 0.00 0.18 2019/20 Est. Beginning Stocks Production Imports Domes tic C rus h Domes tic Tota l Exports Ending Stocks World 2/ 112.88 336.46 165.43 309.30 354.75 165.17 94.85 World Less China 93.42 318.36 66.90 217.80 245.55 165.08 68.05 United States 24.74 96.67 0.42 58.91 61.77 45.78 14.28 Total Foreign 88.14 239.79 165.01 250.39 292.97 119.40 80.58 Major Exporters 3/ 61.70 186.69 5.44 86.35 96.25 110.67 46.92 Argentina 28.89 48.80 4.88 38.77 45.87 10.00 26.70 Brazil 32.47 126.00 0.55 44.25 46.85 92.13 20.05 Paraguay 0.32 9.90 0.01 3.25 3.45 6.62 0.16 Major Importers 4/ 22.14 21.77 132.86 121.01 146.85 0.29 29.62 China 19.46 18.10 98.53 91.50 109.20 0.09 26.80 EU-27+UK 1.61 2.62 15.66 16.35 18.01 0.19 1.69 Southeast Asia 0.71 0.61 9.34 4.50 9.85 0.02 0.79 Mexico 0.18 0.24 6.00 6.20 6.25 0.00 0.16 2020/21 Proj. Beginning Stocks Production Imports Domes tic C rus h Domes tic Tota l Exports Ending Stocks World 2/ Jan 95.39 361.00 166.84 321.81 369.82 169.10 84.31 Feb 94.85 361.08 166.96 321.98 369.84 169.69 83.36 World Less China Jan 68.59 341.40 66.84 222.81 252.12 169.00 55.72 Feb 68.05 341.48 66.96 222.98 252.14 169.59 54.76 United States Jan 14.28 112.55 0.95 59.87 63.29 60.69 3.80 Feb 14.28 112.55 0.95 59.87 63.29 61.24 3.25 Total Foreign Jan 81.11 248.46 165.89 261.93 306.53 108.41 80.52 Feb 80.58 248.53 166.00 262.10 306.55 108.45 80.11 Major Exporters 3/ Jan 47.49 193.45 4.41 88.38 98.48 100.43 46.44 Feb 46.92 193.45 4.91 88.33 98.33 100.43 46.52 Argentina Jan 26.80 48.00 4.00 39.00 46.20 7.00 25.60 Feb 26.70 48.00 4.50 39.00 46.20 7.00 26.00 Brazil Jan 20.40 133.00 0.40 45.50 48.10 85.00 20.70 Feb 20.05 133.00 0.40 45.50 48.10 85.00 20.35 Paraguay Jan 0.29 10.25 0.01 3.80 4.10 6.30 0.14 Feb 0.16 10.25 0.01 3.75 3.95 6.30 0.17 Major Importers 4/ Jan 29.57 23.39 134.79 129.49 156.65 0.38 30.72 Feb 29.62 23.39 134.54 129.49 156.60 0.33 30.62 China Jan 26.80 19.60 100.00 99.00 117.70 0.10 28.60 Feb 26.80 19.60 100.00 99.00 117.70 0.10 28.60 EU-27+UK Jan 1.64 2.70 15.40 16.85 18.56 0.25 0.93 Feb 1.69 2.70 15.15 16.85 18.51 0.20 0.83 Southeast Asia Jan 0.79 0.60 9.78 4.72 10.27 0.03 0.87 Feb 0.79 0.60 9.78 4.72 10.27 0.03 0.87 Mexico Jan 0.16 0.26 6.20 6.40 6.47 0.00 0.14 Feb 0.16 0.26 6.20 6.40 6.47 0.00 0.14 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, EU -27+UK, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to rounding. February 2021 WASDE - 609 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 14.52 233.68 62.82 230.03 67.73 13.25 World Less China 14.52 166.36 62.80 163.63 66.80 13.25 United States 0.50 44.28 0.62 32.85 12.19 0.37 Total Foreign 14.02 189.40 62.20 197.18 55.54 12.89 Major Exporters 3/ 7.26 71.89 0.10 26.05 47.11 6.08 Argentina 2.74 31.25 0.03 3.13 28.83 2.06 Brazil 4.30 32.96 0.02 17.65 16.09 3.54 India 0.22 7.68 0.05 5.28 2.19 0.48 Major Importers 4/ 1.88 22.02 38.90 60.16 0.59 2.06 EU-27+UK 0.33 12.32 18.76 30.34 0.37 0.69 Mexico 0.17 4.86 1.89 6.65 0.01 0.26 Southeast Asia 5/ 1.27 2.98 16.66 19.70 0.20 1.01 2019/20 Est. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ 13.25 242.92 62.73 240.95 67.08 10.88 World Less China 13.25 170.45 62.68 169.44 66.07 10.88 United States 0.37 46.36 0.58 34.22 12.77 0.31 Total Foreign 12.89 196.56 62.15 206.73 54.31 10.57 Major Exporters 3/ 6.08 70.94 0.04 26.92 45.81 4.33 Argentina 2.06 29.87 0.00 3.20 27.46 1.27 Brazil 3.54 34.35 0.01 18.00 17.50 2.40 India 0.48 6.72 0.03 5.72 0.85 0.66 Major Importers 4/ 2.06 23.19 38.65 61.85 0.58 1.47 EU-27+UK 0.69 12.92 17.62 30.74 0.36 0.12 Mexico 0.26 4.90 1.84 6.90 0.01 0.10 Southeast Asia 5/ 1.01 3.51 17.34 20.62 0.21 1.03 2020/21 Proj. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ Jan 10.70 252.79 62.81 250.96 65.97 9.37 Feb 10.88 252.92 62.87 251.03 66.51 9.13 World Less China Jan 10.70 174.38 62.80 173.53 64.97 9.37 Feb 10.88 174.51 62.86 173.60 65.51 9.13 United States Jan 0.31 47.14 0.54 34.75 12.93 0.32 Feb 0.31 47.14 0.54 34.75 12.93 0.32 Total Foreign Jan 10.39 205.65 62.27 216.21 53.04 9.05 Feb 10.57 205.78 62.33 216.28 53.58 8.82 Major Exporters 3/ Jan 4.06 72.83 0.06 27.84 44.97 4.13 Feb 4.33 72.93 0.06 27.89 45.37 4.05 Argentina Jan 1.00 29.95 0.00 3.25 26.30 1.40 Feb 1.27 30.05 0.00 3.30 26.70 1.32 Brazil Jan 2.40 35.28 0.02 18.50 16.80 2.39 Feb 2.40 35.28 0.02 18.50 16.80 2.39 India Jan 0.66 7.60 0.04 6.09 1.87 0.34 Feb 0.66 7.60 0.04 6.09 1.87 0.34 Major Importers 4/ Jan 1.47 23.96 38.98 62.44 0.53 1.43 Feb 1.47 23.96 38.98 62.47 0.53 1.41 EU-27+UK Jan 0.12 13.31 18.05 31.07 0.30 0.11 Feb 0.12 13.31 18.05 31.09 0.30 0.09 Mexico Jan 0.10 5.06 1.93 6.98 0.01 0.10 Feb 0.10 5.06 1.93 6.98 0.01 0.10 Southeast Asia 5/ Jan 1.03 3.69 17.30 20.79 0.22 1.01 Feb 1.03 3.69 17.30 20.79 0.22 1.01 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ EU -27+UK, Southeast Asia, and Japan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. February 2021 WASDE - 609 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 3.90 55.82 10.63 55.12 11.17 4.06 World Less China 3.33 40.59 9.85 39.24 10.98 3.55 United States 0.91 10.98 0.18 10.38 0.88 0.81 Total Foreign 3.00 44.85 10.45 44.75 10.29 3.25 Major Exporters 3/ 0.83 19.74 0.45 12.28 7.79 0.95 Argentina 0.27 7.91 0.00 2.62 5.27 0.29 Brazil 0.37 8.18 0.02 7.17 1.08 0.33 EU-27+UK 0.15 2.96 0.42 2.46 0.79 0.29 Major Importers 4/ 1.03 18.05 6.54 24.18 0.25 1.19 China 0.57 15.23 0.78 15.89 0.20 0.50 India 0.17 1.73 3.00 4.75 0.01 0.14 North Africa 5/ 0.19 0.76 1.78 2.38 0.04 0.30 2019/20 Est. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ 4.06 57.87 11.24 56.67 11.95 4.55 World Less China 3.55 41.48 10.24 39.57 11.80 3.90 United States 0.81 11.30 0.15 10.12 1.29 0.84 Total Foreign 3.25 46.57 11.09 46.54 10.66 3.71 Major Exporters 3/ 0.95 19.90 0.56 12.14 7.96 1.31 Argentina 0.29 7.67 0.00 2.18 5.40 0.39 Brazil 0.33 8.50 0.07 7.39 1.16 0.35 EU-27+UK 0.29 3.11 0.49 2.54 0.77 0.57 Major Importers 4/ 1.19 19.46 7.05 25.94 0.29 1.47 China 0.50 16.40 1.00 17.09 0.16 0.65 India 0.14 1.51 3.61 5.10 0.02 0.15 North Africa 5/ 0.30 1.08 1.75 2.50 0.12 0.52 2020/21 Proj. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ Jan 4.79 60.31 11.18 59.56 12.00 4.72 Feb 4.55 60.30 11.44 59.59 12.12 4.58 World Less China Jan 4.14 42.57 10.08 40.87 11.85 4.07 Feb 3.90 42.56 10.34 40.89 11.97 3.93 United States Jan 0.84 11.60 0.16 10.52 1.25 0.82 Feb 0.84 11.60 0.16 10.57 1.25 0.78 Total Foreign Jan 3.96 48.71 11.02 49.04 10.76 3.90 Feb 3.71 48.71 11.28 49.02 10.87 3.81 Major Exporters 3/ Jan 1.31 20.39 0.59 12.48 8.31 1.50 Feb 1.31 20.38 0.63 12.38 8.41 1.54 Argentina Jan 0.39 7.72 0.00 2.10 5.65 0.35 Feb 0.39 7.72 0.00 2.00 5.75 0.35 Brazil Jan 0.35 8.75 0.17 7.70 1.15 0.42 Feb 0.35 8.75 0.21 7.70 1.15 0.46 EU-27+UK Jan 0.57 3.20 0.42 2.64 0.83 0.72 Feb 0.57 3.20 0.42 2.64 0.83 0.72 Major Importers 4/ Jan 1.72 21.08 6.86 27.77 0.32 1.57 Feb 1.47 21.08 7.06 27.87 0.32 1.42 China Jan 0.65 17.74 1.10 18.69 0.15 0.65 Feb 0.65 17.74 1.10 18.69 0.15 0.65 India Jan 0.15 1.71 3.40 5.15 0.01 0.10 Feb 0.15 1.71 3.60 5.25 0.01 0.20 North Africa 5/ Jan 0.77 1.07 1.61 2.60 0.16 0.69 Feb 0.52 1.07 1.61 2.60 0.16 0.44 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and EU -27+UK. 4/ China, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. February 2021 WASDE - 609 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2019 Annual 27,155 27,638 55,015 43,905 5,818 50,251 105,266 9,447 218.4 2020 I 6,929 7,426 14,407 11,237 1,469 12,841 27,248 2,349 56.1 II 6,054 6,311 12,417 10,940 1,369 12,446 24,863 2,249 56.0 III 7,110 7,049 14,208 11,358 1,454 12,958 27,167 2,300 55.3 IV 7,059 7,514 14,622 11,039 1,451 12,621 27,243 2,369 55.6 Annual Jan Est. 27,158 28,296 55,656 44,550 5,712 50,808 106,464 9,258 222.9 Feb Est. 27,152 28,300 55,654 44,574 5,743 50,866 106,519 9,267 223.1 2021 I* 7,005 7,395 14,450 11,050 1,415 12,595 27,045 2,300 56.7 II* 6,860 6,720 13,631 11,130 1,420 12,685 26,316 2,290 58.0 III* 6,875 7,050 13,975 11,445 1,435 13,025 27,000 2,350 56.4 IV* 6,800 7,545 14,397 11,255 1,455 12,840 27,237 2,400 56.2 Annual Jan Proj. 27,190 28,565 55,963 44,870 5,725 51,135 107,098 9,370 226.7 Feb Proj. 27,540 28,710 56,453 44,880 5,725 51,145 107,598 9,340 227.4 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2019 Annual 116.78 47.95 88.6 89.2 94.0 18.63 2020 I 118.32 42.52 83.5 97.4 133.1 18.83 II 105.79 38.96 67.0 103.7 119.6 15.37 III 101.74 40.50 66.7 111.3 89.0 19.07 IV 108.18 50.75 75.7 113.6 107.2 20.00 Annual Jan Est. 108.51 43.18 73.2 106.5 112.2 18.30 Feb Est. 108.51 43.18 73.2 106.5 112.2 18.32 2021 I* 113.00 50.00 85.0 109.0 117.0 16.60 II* 113.00 54.00 90.0 111.0 98.0 16.60 III* 114.00 51.00 82.0 112.0 109.0 17.25 IV* 119.00 47.00 81.0 111.0 123.0 18.10 Annual Jan Proj. 115.5 49.5 81.0 107.5 107.5 17.65 Feb Proj. 115.0 50.5 84.5 111.0 112.0 17.15 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8 -16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. February 2021 WASDE - 609 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2019 662 27,224 3,058 30,944 3,026 642 27,276 58.1 2020 Est. Jan 642 27,227 3,375 31,244 2,935 690 27,619 58.6 Feb 642 27,221 3,343 31,206 2,956 713 27,537 58.4 2021 Proj. Jan 690 27,259 3,115 31,064 3,090 650 27,324 57.6 Feb 713 27,609 3,005 31,327 3,145 650 27,532 58.1 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2019 559 27,652 945 29,156 6,321 646 22,188 52.4 2020 Est. Jan 646 28,310 912 29,869 7,314 460 22,095 51.9 Feb 646 28,314 904 29,865 7,282 458 22,125 52.0 2021 Proj. Jan 460 28,579 945 29,984 7,175 530 22,279 52.1 Feb 458 28,724 945 30,127 7,175 530 22,422 52.4 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2019 1,266 55,108 4,275 60,649 9,353 1,330 49,966 111.9 2020 Est. Jan 1,330 55,749 4,590 61,669 10,268 1,187 50,215 111.8 Feb 1,330 55,747 4,548 61,625 10,257 1,205 50,163 111.7 2021 Proj. Jan 1,187 56,056 4,345 61,588 10,274 1,218 50,096 111.1 Feb 1,205 56,546 4,240 61,991 10,329 1,213 50,449 111.8 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2019 845 43,435 131 44,411 7,103 937 36,371 95.1 2020 Est. Jan 937 44,073 145 45,155 7,399 835 36,921 96.1 Feb 937 44,097 145 45,178 7,371 830 36,977 96.2 2021 Proj. Jan 835 44,390 140 45,365 7,390 885 37,090 96.0 Feb 830 44,400 140 45,370 7,390 885 37,095 96.0 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2019 303 5,818 12 6,133 639 233 5,261 16.0 2020 Est. Jan 233 5,712 21 5,966 573 225 5,168 15.7 Feb 233 5,743 21 5,997 572 224 5,201 15.8 2021 Proj. Jan 225 5,725 21 5,971 590 230 5,151 15.5 Feb 224 5,725 22 5,971 575 230 5,166 15.6 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2019 1,153 49,781 146 51,080 7,824 1,175 42,081 112.5 2020 Est. Jan 1,175 50,331 168 51,673 8,048 1,065 42,561 113.1 Feb 1,175 50,388 167 51,730 8,018 1,058 42,654 113.4 2021 Proj. Jan 1,065 50,654 164 51,883 8,056 1,120 42,707 112.9 Feb 1,058 50,664 165 51,887 8,041 1,120 42,726 113.0 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2019 2,419 104,889 4,421 111,728 17,177 2,504 92,047 224.4 2020 Est. Jan 2,504 106,080 4,758 113,342 18,316 2,252 92,775 225.0 Feb 2,504 106,135 4,716 113,355 18,275 2,264 92,817 225.1 2021 Proj. Jan 2,252 106,710 4,509 113,471 18,330 2,338 92,803 224.0 Feb 2,264 107,210 4,405 113,879 18,370 2,333 93,176 224.8 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready- to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. February 2021 WASDE - 609 - 33 U.S. Egg Supply and Use Commodity 2018 2019 2020 Est. 2020 Est. 2021 Proj. 2021 Proj. Jan Feb Jan Feb Eggs Million Dozen Supply Beginning Stocks 23.4 22.7 31.6 31.6 26.0 26.0 Production 9,205.0 9,447.5 9,258.0 9,267.0 9,370.0 9,340.0 Imports 17.8 14.6 15.7 15.4 16.0 16.0 Total Supply 9,246.2 9,484.8 9,305.3 9,314.0 9,412.0 9,382.0 Use Exports 333.2 333.9 338.6 344.0 335.0 335.0 Hatching Use 1,057.5 1,081.2 1,075.9 1,077.6 1,080.0 1,080.0 Ending Stocks 22.7 31.6 26.0 26.0 27.0 27.0 Disappearance Total 7,832.9 8,038.1 7,864.8 7,866.4 7,970.0 7,940.0 Per Capita (number) 287.5 293.6 285.9 285.9 288.2 287.1 Tota l U.S. Milk Supply and Use Commodity 2018 2019 2020 Est. 2020 Est. 2021 Proj. 2021 Proj. Jan Feb Jan Feb Milk Billion Pounds Production 217.6 218.4 222.9 223.1 226.7 227.4 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 13.4 13.8 13.6 13.6 15.2 15.6 Marketings 216.6 217.4 221.9 222.0 225.7 226.3 Imports 6.3 6.9 6.8 6.8 6.6 6.7 Total Cml. Supply 236.2 238.1 242.3 242.4 247.5 248.7 Fat Basis Use Commercial Exports 10.4 9.1 9.2 9.3 9.7 10.1 Ending Commercial Stocks 13.8 13.6 15.2 15.6 15.2 16.0 CCC Donations 0.0 0.2 0.3 0.3 0.0 0.0 Domestic Commercial Use 212.1 215.2 217.7 217.3 222.6 222.6 Skim -solid Basis Supply Beg. Commercial Stocks 11.8 10.7 10.2 10.2 10.3 10.8 Marketings 216.6 217.4 221.9 222.0 225.7 226.3 Imports 5.5 5.8 5.6 5.6 5.5 5.5 Total Cml. Supply 233.8 233.9 237.6 237.8 241.5 242.7 Skim -solid Basis Use Commercial Exports 44.6 41.5 47.3 47.2 48.7 48.9 Ending Commercial Stocks 10.7 10.2 10.3 10.8 10.3 10.6 CCC Donations 0.0 0.2 0.1 0.1 0.0 0.0 Domestic Commercial Use 178.5 181.9 179.9 179.6 182.4 183.2 Tota l CCC Donations include purchases made through the USDA Trade Mitigation program. They do not include products purchased under other programs. Dairy domestic commercial use for 2020 includes additional milk marketed but not processed. Note: Totals may not add due to rounding. February 2021 WASDE - 609 - 34 U.S. Dairy Prices Commodity 2018 2019 2020 Est. 2020 Est. 2021 Proj. 2021 Proj. Jan Feb Jan Feb Product Prices 1/ Dollars Per Pound Cheese 1.5377 1.7586 1.9236 1.9236 1.740 1.695 Butter 2.2572 2.2431 1.5808 1.5808 1.605 1.455 Nonfat Dry Milk 0.7945 1.0419 1.0417 1.0417 1.100 1.125 Dry Whey 0.3422 0.3799 0.3621 0.3621 0.450 0.480 Filler Dollars Per Cwt Milk Prices 2/ Class III 14.61 16.96 18.16 18.16 16.90 16.60 Class IV 14.23 16.30 13.49 13.49 14.10 13.70 All Milk 3/ 16.27 18.63 18.30 18.32 17.65 17.15 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated pla nts for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . February 2021 WASDE - 609 - 35 Reliability of February Projections 1/ Note: Tables on pages 35 -37 present a record of the February projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not b e above or below the final estimate by more than 0.6 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 1 percent. The average difference between the February projection and the final estimate is 2.5 million tons, ranging from 0 m illion to 7.3 million tons. The February projection has been below the estimate 29 times and above 10 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 0.6 1.0 2.5 0.0 7.3 29 10 U.S. 0.2 0.3 0.1 0.0 0.3 17 11 Foreign 0.6 1.1 2.5 0.0 7.3 29 10 Exports World 4.7 8.0 4.9 0.1 18.8 29 10 U.S. 4.0 6.8 1.0 0.0 3.0 19 19 Foreign 5.7 9.7 4.7 0.5 18.4 33 6 Domestic Use World 1.0 1.8 4.8 0.1 15.6 17 22 U.S. 3.8 6.5 0.9 0.0 2.4 12 26 Foreign 1.0 1.8 4.5 0.1 15.1 21 18 Ending Stocks World 4.6 7.8 6.0 0.1 18.2 27 12 U.S. 8.4 14.3 1.3 0.0 4.5 27 12 Foreign 5.1 8.6 5.2 0.3 17.0 26 13 COARSE GRAINS 2/ Production World 1.3 2.2 11.4 0.0 36.3 32 7 U.S. 0.2 0.3 0.1 0.0 1.8 18 8 Foreign 1.9 3.2 11.5 0.0 36.3 30 8 Exports World 5.9 10.0 5.9 0.5 27.7 31 8 U.S. 10.5 17.8 4.1 0.1 12.2 20 19 Foreign 9.7 16.5 5.9 0.1 23.4 28 11 Domestic Use World 1.1 1.9 8.1 0.1 31.3 21 18 U.S. 2.9 4.9 4.0 0.0 17.3 13 25 Foreign 1.3 2.2 8.1 0.5 33.0 26 13 Ending Stocks World 10.9 18.5 14.9 0.2 139.8 34 5 U.S. 13.8 23.4 5.1 0.0 18.5 21 18 Foreign 13.4 22.8 12.5 0.8 144.0 34 5 RICE, milled Production World 1.6 2.6 4.3 0.1 14.0 30 9 U.S. 1.5 2.5 0.1 0.0 0.3 12 6 Foreign 1.6 2.7 4.3 0.1 14.0 30 9 Exports World 8.4 14.3 1.6 0.0 5.2 29 10 U.S. 7.6 12.9 0.2 0.0 0.6 19 18 Foreign 9.4 15.9 1.5 0.0 5.0 28 11 Domestic Use World 1.3 2.1 3.3 0.2 13.3 25 14 U.S. 7.2 12.2 0.2 0.0 0.5 17 22 Foreign 1.3 2.2 3.3 0.1 13.0 25 14 Ending Stocks World 9.1 15.5 5.1 0.2 27.0 31 8 U.S. 18.8 31.8 0.2 0.0 0.5 20 18 Foreign 9.4 15.9 5.1 0.0 26.9 31 7 1/ Footnotes at end of table. CONTINUED February 2021 WASDE - 609 - 36 Reliability of February Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 2.7 4.6 4.3 0.4 15.3 22 17 U.S. 1.4 2.3 0.6 0.0 3.2 16 17 Foreign 4.6 7.7 4.3 0.3 14.9 24 15 Exports World 6.2 10.5 3.1 0.1 13.2 26 13 U.S. 7.3 12.4 1.8 0.2 6.7 25 14 Foreign 15.4 26.1 2.8 0.0 17.2 19 20 Domestic Use World 2.2 3.8 3.1 0.0 10.9 21 18 U.S. 3.0 5.1 1.1 0.0 3.0 27 12 Foreign 2.7 4.5 2.8 0.0 12.5 21 18 Ending Stocks World 14.0 23.7 3.9 0.0 19.3 22 17 U.S. 40.3 68.4 1.9 0.1 6.9 12 27 Foreign 15.4 26.1 3.6 0.2 19.1 25 14 COTTON Million 480 -Pound Bales Production World 2.3 4.0 1.7 0.0 5.4 29 10 U.S. 1.0 1.7 0.1 0.0 0.3 14 24 Foreign 2.8 4.8 1.7 0.1 5.7 29 10 Exports World 5.6 9.5 1.5 0.0 7.9 24 15 U.S. 10.1 17.1 0.7 0.0 2.2 21 17 Foreign 7.0 11.9 1.2 0.1 7.2 23 16 Domestic Use World 3.5 5.9 2.2 0.3 17.0 20 19 U.S. 7.8 13.3 0.3 0.0 0.9 22 16 Foreign 3.5 5.9 2.1 0.4 16.1 21 18 Ending Stocks World 9.7 16.5 3.9 0.0 17.5 24 14 U.S. 20.9 35.4 0.8 0.0 2.1 13 26 Foreign 10.5 17.8 3.7 0.1 15.6 26 13 1/ Marketing years 1981/82 through 2019/20 for grains, soybeans (U.S. only), and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2018/19, and for 2019/20 the last mon th’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. February 2021 WASDE - 609 - 37 Reliability of United States February Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 0.2 0.3 4 0 72 2 3 Exports 11.1 18.8 148 9 388 18 21 Domestic Use 2.8 4.8 137 6 474 15 24 Ending Stocks 15.7 26.7 201 8 838 23 16 SORGHUM Production 0.1 0.2 0 0 4 0 2 Exports 16.5 28.0 28 0 97 25 12 Domestic Use 16.0 27.1 31 1 178 17 22 Ending Stocks 41.4 70.2 23 1 148 13 26 BARLEY Production 0.8 1.3 1 0 11 18 4 Exports 20.9 35.5 6 0 35 13 21 Domestic Use 6.9 11.7 15 0 70 17 20 Ending Stocks 12.7 21.6 13 0 52 25 13 OATS Production 0.3 0.6 0 0 2 4 4 Exports 49.8 84.4 1 0 3 7 8 Domestic Use 5.2 8.8 11 1 36 15 24 Ending Stocks 16.7 28.3 11 1 47 23 16 SOYBEAN MEAL Thousand Short Tons Production 3.0 5.1 878 35 3,117 29 10 Exports 9.4 15.9 629 1 2,626 30 9 Domestic Use 2.6 4.4 565 7 2,066 24 15 Ending Stocks 34.9 59.2 67 0 253 16 21 SOYBEAN OIL Million Pounds Production 2.9 4.9 404 7 1,242 27 12 Exports 22.1 37.6 298 25 1,025 22 17 Domestic Use 3.0 5.1 382 0 1,261 25 13 Ending Stocks 19.4 32.9 284 25 1,131 23 16 ANIMAL PROD. Million Pounds Beef 2.8 4.8 577 9 1,613 24 14 Pork 3.0 5.0 383 10 1,717 23 15 Broilers 1.6 2.8 377 16 1,225 24 14 Turkeys 2.8 4.8 120 2 465 19 19 Million Dozen Eggs 1.9 3.2 104 6 525 23 15 Billion Pounds Milk 1.3 2.3 1.6 0.1 5.7 21 17 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2019/20 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2019/20. Calendar years 1982 through 2019 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2019. WASDE- 609-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WA SDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. I PAD is located at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 Register at https://www.usda.gov/oce/ag-outlook-forumThursday, February 18 Friday, February 19 8:30 - 9:45 a.m.Morning Session – Chuck Conner (National Council of Farmer Cooperatives), Zippy Duvall (American Farm Bureau Federation), Krysta Harden (U.S. Dairy Export Council) and Rob Larew (National Farmers Union) Q&A moderated by Sara Wyant) 9:45 - 10:00 a.m. Break Concurrent Sessions Commodity OutlookInnovation and Tec hnologySupply Chain ResilienceManaging Risk & Ensuring SustainabilityCommodity Outlooks 10:00 - 11:30 a.m. Grains and Oilseeds OutlookPrecision Agriculture: Profitability and Resource Stewar dshipEnsuring Food Safety Through Science, Data and Behavior ChangeOrganic Outlook: Overview of Current Trends and Recent DevelopmentsSugar Outlook Guest industry speaker 11:30 – 12:15 11:30 - 1:00 p.m. 1:00 - 2:30 p.m. Cotton OutlookConnectivity in Rural AmericaFood Loss and Waste in the time of COVID-19Wildfire and Agriculture – Interactions and ImplicationsLivestock & Poultry Outlook 2:30 - 3:00 p.m. Break 3:00 - 4:30 p.m. Dairy OutlookWater Quantity, Quality, and Cost: A Look at Water Science and PolicyAmerican Agriculture, Nutrition & Community ConnectionIssues in Pest Management: Citrus GreeningFostering Minority and Underserved Youth Interest in Agriculture and Natural Resources ADJOURN8:00 a.m. Welcome 8:10 a.m. 2021 Agricultural Economic & Foreign Trade Outlook – Chief Economist Seth Meyer 8:45 a.m. Keynote Address by Secretary of Agriculture and Congressional Leaders 10:15 a.m. Break 10:30 - 11:30 a.m. Discussion on Genetic Literacy 12:00 p.m. Lunchtime Address by David Beasley, Executive Director – World Food Programme Concurrent Sessions Food Price & Farm Income OutlooksU.S. Trade & The Global Market PlaceSupply Chain ResilienceManaging Risk & Ensuring SustainabilityInnovation and Productivity 1:30 - 3:00 p.m. Food Price Outlook Current and Forecasted TrendsU.S. Trade Agenda: Ag Trade Priorities and New InitiativesAdapting to the COVID 19-Crisis: Resilience from Farmer to SuppliersAfrican Swine Fe ver Global Disruption USDA Response & InitiativesInnovation in Agriculture Challenges and Opportunities 3:00 - 3:30 p.m. Break 3:30 - 5:00 p.m.The State of the Farm Economy: Outlook f or Farm Sector Income and Agricultural Credit ConditionsChina: Trends and Driving Forces of a Dynamic Agricultural MarketResilience through Innovation: Local & Regional Food Systems Response to Covid-19Challenges to Livestock Market TransparencyControlled Environment Agriculture Innovation on Earth and Beyond2021 Agricultural Outlook Forum Building on Innovation: A Pathway to Resilience 11:30 a.m. - 12:45 p.m. Data Visualization at USDA 11:30 a.m. - 12:30 p.m. ......USDA Customer Service Flexibilities During Disasters 12:00 - 12:45 p.m. ..............Specialty Crops: Blazing a Unique Path for Specialty Crops 12:00 - 12:45 p.m. ..............Venture Capital, Innovation, and Sustainability in Agriculture For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ To subscribe to receive WASDE -related notifications by email or text message visit https://public.govdelivery.com/accounts/USDAOC/subscriber/new?topic_id=USDAOC_223 . Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at 202 -720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE -609 – February 9, 2021 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202 - 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250 -9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554-9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 551 Approved by the Worl d Agricultural Outlook Board March 9, 2016 WHEAT: There are no changes to this month’s all wheat balance sheets. By class, Hard Red Winter wheat exports are raised 10 million bushels and Ha rd Red Spring wheat exports are lowered 10 million bushels. Global 2015/16 wheat supplies are lowered 3.3 m illion tons primarily on decreased production. The largest producti on change is a 2.4-million-ton de crease for Indi a on updated government statistics . Australia production is lowered 1.5 million tons re flecting the sharp reduction in harveste d area by the Austra lian Bureau of Agricu ltural and Resource Economics and Sciences (ABARES) . The ABARES upward yield revision confirms USDA’s earlier analysis of weather data a nd satellite imagery. Partly offsetting is a 0.5-million-ton increase for EU production. Global 2015/16 wheat pr oduction remains a re cord. World trade is lowered 0.4 million tons led by a 1.0-million-ton reduction for Australia on the smaller crop. Russia exports are lowered 0.5 million tons on a sl ow pace and reduced competitiveness to EU origins. Partly of fsetting is a 0.5-million- ton increase for Argentina reflecting a ve ry strong shipment pace. World wheat consumption for 20 15/16 is lowered 2.0 million to ns to 709.4 million. India consumption is lowered 1.0 milli on tons reflecti ng the smaller crop. Consumption in Egypt and Iraq are each lowered 0.4 mi llion tons, and the Philippines is lowered 0.3 million tons. With supplies declining faster than total use, ending stocks are lowered 1.3 million tons but remain record large. COARSE GRAINS: Projected U.S. feed grain ending stocks fo r 2015/16 are unchanged this month with only small offsetting increases for barley imports and exports and no changes to supply and use projections for the other feed gr ains. The projected season-average farm price ranges are narrow ed 5 cents on each end for corn, sorghu m, and barley, leaving the midpoints of the ranges unchanged on the month. The midpoint for the projected corn price remains $3.60 per bushel. The oa ts farm price range is projected 10 ce nts lower on the high end reducing the midpoint by 5 c ents to $2.15 pe r bushel based on the late st reported prices. Corn food, seed, and industrial use is lowered slight ly for 2014/15 refl ecting a 9-million- bushel reduction in estimated co rn used in ethanol production based on revisions to monthly data reported in the March 1 Grain Crushings and Co-Produc ts Production 2015 Summary . An offsetting change is made to 2014/15 feed and residual use as trade and ending stocks are known. Global coarse grain supplies for 2015/16 are projected 1.6 million tons lowe r. Much of the decline reflects lower corn beginning stocks for Brazil with 2014 /15 exports raised this month. Global 2015/16 coarse grain pr oduction is lowered with r eductions for South Africa and Philippines corn and India millet more than offsetting an in crease for Indonesia corn. Corn WASDE-551-2 production is lowered 0. 5 million tons for South Africa with a continuatio n of drought reducing area and yield prospects further. Philippines co rn production and Indi a millet production are each lowered 0.3 million tons on lower yields resulting from dryness. I ndonesia corn production is raised 0.3 million to ns with higher expect ed area reflecting bo th an increase to reported area for 2014/1 5 and indications that reduced rice planting will boost corn area in 2015/16. Global coarse grain consumption for 2015/16 is raised 0.5 millio n tons with hi gher corn use for India and South Africa and increased barley feedi ng for China more than offsetting a reduction in corn use for Venezuela. Global 2015/16 coarse grai n imports are raised. Corn imports are increased fo r South Africa, Philippines , and Mexico and barley imports are raised for China. Partly offsetting are small reductions in corn imports for Indonesia and Venezuela. Corn exports are raised for I ndonesia and South Africa, with th e increase for South Africa reflecting higher ex pected trade with neighbor ing countries where drou ght has also affected corn production. Global coar se grain ending stocks for 2015/16 are lowe red with corn ending stocks down 1.8 millio n tons mostly reflecting sm aller stocks in Brazil. RICE: U.S. 2015/16 rice exports ar e lowered 2.0 million cwt this month to 10 0.0 million on reduced shipments of s outhern medium-grain rough rice, es pecially to Turkey. Rice ending stocks are raised 2.0 m illion cwt to 43.9 million. The all rice price is lowered $0.10 at both ends of the range to $ 12.40 to $13. 20 reflecting lower projecte d medium- and short-grain prices. Global rice supplies for 2015/16 ar e raised 1.8 million t ons primarily on incr eased production. The largest production change is a 3.0-million-ton incr ease for India on updated government statistics. This is partially offset by a 1.0-milli on-ton decrease for Indo nesia on lower area, caused by a poor start to the rainy season. Global imports are raised 0. 4 million tons led by a 0.3-million-ton increase for China and a 0.1-million-ton incr ease for Indonesia. The China increase is on the import pace to date and the Indone sia increase is on the smaller crop. Export changes are very small and mostly offsetting. World rice consumption for 20 15/16 is raised 0.6 million to ns and remain s a record. Consumption is up 0.9 million tons for India and 0.3 million tons for Ch ina, both on larger supplies. The largest offsetti ng reduction is 0.2 million tons for Indones ia on the smaller crop. With the increase in supplies exceeding the rise in consumption, global ending stocks are raised 1.2 m illion tons to 90.5 million. OILSEEDS: U.S. soybean production is projected at 3,929 millio n bushels, down slightly from last month due to a revision to South Carolina producti on. U.S. soybea n ending stocks for 2015/16 are projected at 460 million bushels, up 10 million from last mo nth due to a lower crush. Soybean trade pr ojections are unchanged. Crush is reduced 10 million bushels to 1,870 million reflecting a lowe r projection for soybean meal domestic disa ppearance. Soybean meal import s are raised slightly, pa rtly offsetting lower meal production. Despite a lower crush, soybean oil ending stocks for 2015/ 16 are projected up 12 0 million pounds from last month to 2,185 mi llion as higher beginning stocks and a lower export forecast more than offset lower production. Highe r beginning stocks reflect a revi sion to soybean oil stocks for 2014/15 as reported in the March 1 Oilseed Crushings 2015 Summary report. Soybean and soybea n meal prices are reduced this mo nth and the projected ranges are narrowed. The U.S. season-a verage soybean price for 2015/16 is projected at $8.25 to WASDE-551-3 $9.25 per bushel, down 5 ce nts at the midpoint. The soybean meal price is projected at $270 to $300 per short ton, down $5 at the midpoin t. Soybean oil prices ar e projected at 28.5 to 31.5 cents pound, unchanged from last month. Global oilseed production for 2015/ 16 is projected at 526.9 m illion tons, down fractionally from last month. Glob al soybean production is projected at 320.2 million tons , down slightly from last month. Other oils eed production changes include redu ced rapeseed production for Australia, higher peanut pr oduction for India, lowe r palm kernel production for Malaysia, and lower cottonseed production for India and Pakistan. Global oilseed trade for 2015/16 is projected at 149.3 million tons, up 1.2 million mainly reflecting increased so ybean exports for Brazil. The soybean import forecast fo r China is raised reflecting strong imports to date. Pa rtially offsetting are redu ced imports for the EU, Pakistan, and Mexico, where more imports of soybean meal are expected. Global oilseed crush is projected higher reflecting larger soybean crush in Argenti na and China. The forecasts for peanut crush in Indi a and rapeseed crush in the EU are also projected higher. Reduced forecasts for co ttonseed crush in India, Pakistan, and the United St ates are partly offsetting. Argentina soybean meal exports are raised wit h a larger crush fore cast. Soybean meal imports are increased fo r the EU, Pakistan, Mexico, and Sout h Korea. Global oilseed ending stocks are projecte d at 89.5 million tons, do wn 1.7 million from last month, mostly due to lower soybean ending stock projec tions for Argentina and Brazil. Global vegetable oil production is nearly unc hanged this month as higher soybean oil and peanut oil production more than offset lower palm oi l production in Malaysia. Gl obal vegetable oil stocks are projected at 16.5 milli on tons, down marginally from last month. SUGAR: U.S. sugar beginning stocks for 2015/16 are increased by 40,990 short tons, raw value (STRV) based on refiners’ correc ted data for 2014/15 as published in Sweetener Market Data . U.S. sugar production for 2015/1 6 is projected at 8.827 million STRV, a decrease of 21,901. Florida cane sugar is decreas ed 27,492 STRV to 2.108 million. While Florida cane processors have produc ed only 1.084 million STRV through Ja nuary due to difficult harvest conditions, no processor has forecast reduced s ugarcane production, with all maintaining that the harvest will be extended by at least a mo nth to meet all in dividual processor sugarcane production goals. The National Agricultural Statisti cs Service (NA SS) forecasts Florida sugarcane for sugar at 16.974 million tons. Based on refiner projections, sucrose recovery will be lower by 2.5 percent due to the extended harvest. Cane su gar production levels for all other States are unchanged from last month. Beet s ugar production is increased by a small 5, 591 STRV to 5.016 million as reduce d beet pile shri nk is partially offset by lower expec ted sucrose recovery. On March 7, 2016 , the Office of the U.S. Trade Represent ative (USTR) provided notice of a reallocation of 85,533 metric tons, raw value (MTRV) of the 2015/16 raw sugar tariff-rate quota (TRQ) from countries unable to fill their original alloca tions to the ot her countries capable of filling. As a consequ ence, the raw sugar TRQ shortf all is revised downward from 99,208 STRV to 27,558, a reduction of 71,650. Import s from Mexico are reduced by 33,424 STRV to 1.299 million. WASDE-551-4 Exports to Mexico for 2015/16 are expected to be lower by 23,476 STRV . Also, since last month, U.S. cane sugar refi ners have become more pessimistic about generating export alternatives after Mexi co banned duty-fre e imports of U.S. sugar benefitting from the re- export import program. Sugar exports are, th erefore, projected at 100,000 STRV. No other changes to sugar use were made. Ending stocks for 2015/16 ar e projected at 1.646 million STRV, implying an ending stocks -to-use ratio of 13.5 percent. For the 2015/16 Mexico sugar s upply and use balance, imports are decreased by 20,092 MT to match the decrease in U.S. exports to Mexico. Mexico exports are projected at 1.122 million MT, a decrease of 28, 606 from last month. Exports to the United States are projected at 1.112 million MT, based on ch anges made in the March 2016 WASDE for the United States as per the Counterva iling Duty (CVD) Suspension Agre ement of December 19, 2014 (“Target Quantity of U.S. Sugar Needs”). LIVESTOCK, POULTRY, AND DAIRY: The 2016 forecast of to tal red meat and poultry production is raised from last month as higher fo recast first-quarter broiler and turkey production more than offsets sma ll reductions in beef and pork. First-quarter beef production is reduced on the pace of slaughte r and lower carcass weights; pork production is reduced on slightly lighter carcass weight s. Broiler and turkey production for the firs t quarter is raised as the pace of slaugh ter to date has been higher than expected. The egg production forecast is raised on increased table egg production as the sector continues to rebuild following last year’s Highly Path ogenic Avian Influenza outbreaks. Historical poultry and egg production estimates are ad justed to reflect revisi ons in production data. Beef import and export forecasts are unchanged from last month. The pork export forecast is lowered from last month on recent trade data . The pork import forecast is raised on expectations of relatively larg e exportable supplies in the EU and continued strength of the U.S. dollar. Broiler export and turkey export forecasts are lowere d on slower-than-expected sales in January. Annual cattle and hog pric es for 2016 are unchanged from last month. Broiler prices are lowered on current pric es and expected hi gher production. The turk ey price forecast is unchanged but the range is narrowed. Egg prices are reduced on higher forecast production. The milk production foreca st for 2016 is lowered from last month as a smaller decline in the cowherd is more than of fset by slower growth in milk per cow. Fat and skim-solids basis exports are reduced prim arily on strong competition in internationa l whey product markets, and exports of a number of othe r dairy products are facing increased competition. Imports are increased on both a fat and skim-solids basis . Continued strength of the U.S. dollar is expected to keep the United Stat es as an attractive market for dairy products. Expectations of a relatively wide spread betw een U.S. and internat ional butter prices will support increased butterfat imports while cheese imports will like ly benefit from cont inued demand strength. Whey product exports are al so likely to be pr essured by large world supplies. The butter price foreca st is raised as demand remains fi rm. Cheese and nonfat dry milk (NDM) prices are reduced as su pplies are expected to be larg e and in the case of NDM, international prices will remain under pressure from large gl obal supplies. The whey price WASDE-551-5 forecast is unchanged. The Class III price is lowere d on the lower cheese price. The Class IV price is unchanged at the mid point as the higher bu tter price offsets a lower NDM price; however, the range is narrowed. The all milk price forecast is lowe red to $14.95 to $15.55 per cwt. COTTON: The U.S. 2015/16 cotton supply and demand estima tes are unchanged from last month. Marginal adjustments in harvested area and yield reflect NASS’ s resurvey of the South Carolina crop. The mark eting year average price rece ived by producers is now estimated to range from 58.0 to 60.0 cents per pound, with the midpoint of 59.0 cents reduced from the Februa ry estimate due to declining market prices. With lower consumption partia lly offsetting lower productio n, global 2015/16 cotton ending stocks are revised down this month. Productio n is estimated lower in India and Pakistan, based on arrivals at gins, but higher in Au stralia. The 1.0-million- bale reduction in India’s crop reflects an early withdrawal of monsoon rainfall combined with pest dam age in the northern states. Cons umption is reduced mainly in Paki stan, based on lower available supplies. World ending st ocks are now pr ojected at 103. 3 million bales. Approved by the Secretar y of Agriculture and the Chairman of the World Agricultural Outlook Board, Seth D. Meyer, (202) 720-6030. Th is report was prepare d by the Interagency Commodity Estimate s Committees. APPROVED BY: ROBERT C. JOHANSSON SECRETARY OF AGRICULTURE DESIGNATE WASDE-551-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers, ICEC Chair, WAOB, E-mail : [email protected] Jennifer Bond, ERS; Teresa McKeiv ier, FAS; Mark Simone, FSA. Rice: William Chambers, ICEC Chair, WAOB, E-mail : [email protected] Nathan Childs, ERS; Rachel Tr ego, FAS; Mark Simone, FSA. Feed Grains: Jerry Norton, ICEC Chair, WAOB, E-mail : [email protected] Thomas Capehart, ERS; Yoonhee Mack e, FAS; Pete Riley, FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail : [email protected] Mark Ash, ERS; Bill Geor ge, FAS; Phil Sronce, FSA. Cotton: Carol Skelly, ICEC Chair, WAOB, E-mail : [email protected] Darryl Earnest, AMS; Leslie Me yer, ERS; James Johnson, FAS; Sherrie Grimm, FSA. Sugar: Stephen Haley, ICEC Chair, WAOB, E-mail : [email protected] Michael McConnell, ERS; Ron Lor d, FAS; Barbar a Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Sherry Wise, AMS; Kenneth Mathews, ERS; Claire Mezoughem, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Larry Haller, AMS; David Harvey, ERS; Joa nna Hitchner, FAS; Milt on Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Roger Cryan, AMS; Jerry Cessna, ERS; Pa ul Kiendl, FAS; Milt on Madison, FSA. In 2016, the WASDE report will be released on Apr. 12, May. 10, Jun. 10, Jul. 12, Aug. 12, Sep. 12, Oct. 12, Nov. 9, Dec. 9. WASDE-551-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................... 1 Interagency Commodity Estimates Committees ..................................................... 6 World & U.S. Supply & Use for Grains ................................................................... 8 World & U.S. Supply & Use for Cotton ................................................................... 9 World & U.S. Supply & Use for Oilseeds .............................................................. 10 U.S. Wheat Supply & Use .................................................................................... 11 U.S. Wheat Supply & Use by Class ..................................................................... 11 U.S. Feed Grain & Corn Supply & Use ................................................................ 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13 U.S. Rice Supply & Use ....................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................ 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ............................................................................. 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use .................................................................................. 18 World Coarse Grains Supply & Use ..................................................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use ..................................................................................... 24 World Cotton Supply & Use ................................................................................. 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ..................................................................... 29 World Soybean Oil Supply & Use......................................................................... 30 U.S. Quarterly Animal Product Production ........................................................... 31 U.S. Quarterly Prices for Animal Products ........................................................... 31 U.S. Meats Supply and Use ................................................................................. 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use .................................................................................... 33 U.S. Dairy Prices ................................................................................................. 34 Reliability Tables ................................................................................................. 35 Related USDA Reports ........................................................................................ 38 Metric Conversion Factors ................................................................................... 38 Electronic Access and Subscriptions ....................................................................... 40 March 2016 WASDE - 551 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Outpu tTotal SupplyTrade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2013/14 2474.79 2925.99 372.05 2413.26 512.73 2014/15 (Est.) 2502.71 3015.44 392.95 2455.99 559.46 filler filler filler filler filler 2015/16 (Proj.) Feb 2469.55 3029.56 365.02 2456.23 573.33 2015/16 (Proj.) Mar 2466.96 3026.42 365.08 2455.24 571.18 filler filler filler filler filler Wheat 2013/14 715.36 892.41 165.91 698.33 194.09 2014/15 (Est.) 725.47 919.56 164.14 704.91 214.65 filler filler filler filler filler 2015/16 (Proj.) Feb 735.77 950.28 163.13 711.41 238.87 2015/16 (Proj.) Mar 732.32 946.96 162.73 709.37 237.59 filler filler filler filler filler Coarse Grains 5/ 2013/14 1281.02 1444.53 164.38 1233.37 211.16 2014/15 (Est.) 1298.48 1509.65 185.24 1268.49 241.15 filler filler filler filler filler 2015/16 (Proj.) Feb 1264.28 1506.32 160.27 1261.14 245.18 2015/16 (Proj.) Mar 1263.56 1504.71 160.69 1261.63 243.08 filler filler filler filler filler Rice, milled 2013/14 478.42 589.04 41.76 481.56 107.48 2014/15 (Est.) 478.76 586.24 43.57 482.59 103.65 filler filler filler filler filler 2015/16 (Proj.) Feb 469.50 572.96 41.62 483.68 89.28 2015/16 (Proj.) Mar 471.09 574.75 41.66 484.23 90.51 filler filler filler filler filler United States Outpu tTotal Supply Trade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2013/14 431.31 484.21 89.49 343.31 51.40 2014/15 (Est.) 439.49 499.16 83.13 347.06 68.98 filler filler filler filler filler 2015/16 (Proj.) Feb 428.85 505.51 74.80 351.77 78.95 2015/16 (Proj.) Mar 428.85 505.55 74.77 351.77 79.01 filler filler filler filler filler Wheat 2013/14 58.11 82.35 32.00 34.29 16.07 2014/15 (Est.) 55.15 75.28 23.25 31.55 20.48 filler filler filler filler filler 2015/16 (Proj.) Feb 55.84 79.58 21.09 32.20 26.29 2015/16 (Proj.) Mar 55.84 79.58 21.09 32.20 26.29 filler filler filler filler filler Coarse Grains 5/ 2013/14 367.09 393.85 54.49 305.05 34.31 2014/15 (Est.) 377.23 414.96 56.67 311.35 46.95 filler filler filler filler filler 2015/16 (Proj.) Feb 366.90 417.50 50.46 315.72 51.32 2015/16 (Proj.) Mar 366.90 417.55 50.51 315.72 51.32 filler filler filler filler filler Rice, milled 2013/14 6.12 8.01 3.01 3.98 1.03 2014/15 (Est.) 7.11 8.91 3.21 4.16 1.55 filler filler filler filler filler 2015/16 (Proj.) Feb 6.11 8.42 3.24 3.85 1.33 2015/16 (Proj.) Mar 6.11 8.42 3.18 3.85 1.39 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). March 2016 WASDE - 551 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Outpu tTotal Supply Trade 2 /Total UseEnding Stocks Total Grains 4/ 2013/14 2,043.48 2,441.78 282.55 2,069.94 461.33 2014/15 (Est.) 2,063.23 2,516.29 309.82 2,108.93 490.48 filler filler filler filler filler 2015/16 (Proj.) Feb 2,040.70 2,524.05 290.23 2,104.46 494.38 2015/16 (Proj.) Mar 2,038.11 2,520.87 290.30 2,103.47 492.17 filler filler filler filler filler Wheat 2013/14 657.25 810.06 133.91 664.04 178.02 2014/15 (Est.) 670.32 844.28 140.89 673.35 194.17 filler filler filler filler filler 2015/16 (Proj.) Feb 679.93 870.70 142.04 679.22 212.57 2015/16 (Proj.) Mar 676.48 867.38 141.64 677.18 211.30 filler filler filler filler filler Coarse Grains 5/ 2013/14 913.93 1,050.68 109.89 928.32 176.85 2014/15 (Est.) 921.25 1,094.68 128.57 957.14 194.21 filler filler filler filler filler 2015/16 (Proj.) Feb 897.38 1,088.81 109.81 945.42 193.86 2015/16 (Proj.) Mar 896.65 1,087.16 110.18 945.92 191.75 filler filler filler filler filler Rice, milled 2013/14 472.31 581.04 38.75 477.58 106.46 2014/15 (Est.) 471.65 577.33 40.36 478.43 102.10 filler filler filler filler filler 2015/16 (Proj.) Feb 463.39 564.54 38.38 479.82 87.96 2015/16 (Proj.) Mar 464.98 566.32 38.48 480.38 89.12 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/im port imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales Outpu tTotal Supply Trade 2 /Total Use 3 /Ending Stocks World 2013/14 120.41 212.15 40.81 109.92 103.07 2014/15 (Est.) 119.15 222.22 35.38 110.30 112.17 filler filler filler filler filler 2015/16 (Proj.) Feb 101.38 213.55 35.11 109.60 104.08 2015/16 (Proj.) Mar 100.22 212.39 34.90 109.21 103.34 filler filler filler filler filler United States 2013/14 12.91 16.72 10.53 3.55 2.35 2014/15 (Est.) 16.32 18.68 11.25 3.58 3.70 filler filler filler filler filler 2015/16 (Proj.) Feb 12.94 16.65 9.50 3.60 3.60 2015/16 (Proj.) Mar 12.94 16.65 9.50 3.60 3.60 filler filler filler filler filler Foreign 4/ 2013/14 107.50 195.43 30.28 106.37 100.72 2014/15 (Est.) 102.83 203.54 24.13 106.73 108.47 filler filler filler filler filler 2015/16 (Proj.) Feb 88.44 196.90 25.61 106.00 100.48 2015/16 (Proj.) Mar 87.28 195.73 25.40 105.61 99.74 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. * Planted area based on March 31 Prospective Plantings. Harvested area based on th e previous 10-year average abandonment by region, with the Southwest estimated at 15 percen t due to favorable moisture. Yield per harveste d acre based on the previous 3-year average by region, with the Southwest ad justed to the 10-year average. March 2016 WASDE - 551 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Outpu tTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2013/14 504.18 570.69 133.50 417.98 77.12 2014/15 (Est.) 535.65 612.76 146.50 439.32 90.96 filler filler filler filler filler 2015/16 (Proj.) Feb 527.37 618.18 148.12 446.44 91.20 2015/16 (Proj.) Mar 526.88 617.83 149.33 448.81 89.48 filler filler filler filler filler Oilmeals 2013/14 282.17 293.57 82.19 276.75 13.03 2014/15 (Est.) 300.15 313.18 85.04 293.49 14.79 filler filler filler filler filler 2015/16 (Proj.) Feb 307.00 321.87 88.13 304.51 13.32 2015/16 (Proj.) Mar 308.62 323.41 89.13 305.30 14.15 filler filler filler filler filler Vegetable Oils 2013/14 170.58 188.83 70.01 165.98 19.39 2014/15 (Est.) 176.13 195.52 75.66 170.63 19.18 filler filler filler filler filler 2015/16 (Proj.) Feb 178.62 197.77 76.54 176.96 16.47 2015/16 (Proj.) Mar 178.69 197.87 76.20 177.16 16.46 filler filler filler filler filler United States Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2013/14 99.02 107.85 45.55 51.46 3.95 2014/15 (Est.) 116.03 121.82 51.14 55.14 6.76 filler filler filler filler filler 2015/16 (Proj.) Feb 116.17 124.36 46.85 55.27 14.21 2015/16 (Proj.) Mar 116.15 124.25 46.78 54.86 14.44 filler filler filler filler filler Oilmeals 2013/14 39.39 43.50 10.77 32.44 0.29 2014/15 (Est.) 43.29 47.44 12.18 34.97 0.29 filler filler filler filler filler 2015/16 (Proj.) Feb 42.69 46.97 10.46 36.18 0.34 2015/16 (Proj.) Mar 42.39 46.89 10.46 36.10 0.34 filler filler filler filler filler Vegetable Oils 2013/14 10.42 15.58 1.12 13.50 0.97 2014/15 (Est.) 10.96 16.15 1.17 13.77 1.21 filler filler filler filler filler 2015/16 (Proj.) Feb 11.19 16.71 1.32 14.03 1.37 2015/16 (Proj.) Mar 11.11 16.61 1.19 14.01 1.40 filler filler filler filler filler Foreign 3/ OutputTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2013/14 405.17 462.84 87.95 366.52 73.16 2014/15 (Est.) 419.62 490.94 95.36 384.19 84.20 filler filler filler filler filler 2015/16 (Proj.) Feb 411.20 493.82 101.26 391.18 77.00 2015/16 (Proj.) Mar 410.73 493.58 102.55 393.95 75.04 filler filler filler filler filler Oilmeals 2013/14 242.78 250.06 71.42 244.31 12.74 2014/15 (Est.) 256.86 265.74 72.86 258.52 14.50 filler filler filler filler filler 2015/16 (Proj.) Feb 264.31 274.90 77.68 268.34 12.98 2015/16 (Proj.) Mar 266.23 276.52 78.68 269.20 13.81 filler filler filler filler filler Vegetable Oils 2013/14 160.15 173.24 68.90 152.49 18.42 2014/15 (Est.) 165.17 179.37 74.48 156.87 17.97 filler filler filler filler filler 2015/16 (Proj.) Feb 167.43 181.06 75.22 162.93 15.10 2015/16 (Proj.) Mar 167.58 181.26 75.00 163.15 15.06 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. March 2016 WASDE - 551 - 11 U.S. Wheat Supply and Use 1/ 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Feb Mar Million Acres Area Planted 56.2 56.8 54.6 54.6 Area Harvested 45.3 46.4 47.1 47.1 Bushels Yield per Harvested Acre 47.1 43.7 43.6 43.6 Million Bushels Beginning Stocks 718 590 752 752 Production 2,135 2,026 2,052 2,052 Imports 173 149 120 120 Supply, Total 3,026 2,766 2,924 2,924 Food 955 958 967 967 Seed 77 79 66 66 Feed and Residual 228 122 150 150 Domestic, Total 1,260 1,159 1,183 1,183 Exports 1,176 854 775 775 Use, Total 2,436 2,014 1,958 1,958 Ending Stocks 590 752 966 966 Avg. Farm Price ($/bu) 2/ 6.87 5.99 4.90 - 5.10 4.90 - 5.10 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winte rHard Red SpringSoft Red Winte r White Durum Total Millio n Bushel s 2014/15 (Est.) Beginning Stocks 237 169 113 50 22 590 Production 739 556 455 224 54 2,026 Supply, Total 3/ 985 791 581 283 126 2,766 Domestic Use 423 308 294 71 63 1,159 Exports 269 270 133 146 37 854 Use, Total 692 579 427 216 100 2,014 Ending Stocks, Total 294 212 154 67 26 752 2015/16 (Proj.) Beginning Stocks 294 212 154 67 26 752 Production 827 564 359 219 82 2,052 Supply, Total 3/ 1,129 821 533 295 146 2,924 Domestic Use 479 288 238 100 78 1,183 Exports 230 245 125 140 35 775 Use, Total 709 533 363 240 113 1,958 Ending Stocks, Total Mar 419 288 170 55 34 966 Ending Stocks, Total Feb 429 278 170 55 34 966 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing-year weighted average price received by farmers. 3/ Includes imports. March 2016 WASDE - 551 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Feb Mar Million Acres Area Planted 109.9 103.5 103.1 103.1 Area Harvested 98.1 93.1 93.0 93.0 Metric Tons Yield per Harvested Acre 3.74 4.05 3.94 3.94 Million Metric Tons Beginning Stocks 23.5 34.3 46.9 46.9 Production 366.9 377.1 366.6 366.6 Imports 3.0 3.2 3.4 3.5 Supply, Total 393.4 414.5 417.0 417.0 Feed and Residual 133.5 139.5 140.7 140.7 Food, Seed & Industrial 171.1 171.4 174.5 174.5 Domestic, Total 304.6 310.9 315.2 315.2 Exports 54.5 56.7 50.5 50.5 Use, Total 359.1 367.6 365.7 365.7 Ending Stocks 34.3 46.9 51.3 51.3 CORN 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. February Marc h Million Acres Area Planted 95.4 90.6 88.0 88.0 Area Harvested 87.5 83.1 80.7 80.7 Bushels Yield per Harvested Acre 158.1 171.0 168.4 168.4 Million Bushels Beginning Stocks 821 1,232 1,731 1,731 Production 13,829 14,216 13,601 13,601 Imports 36 32 50 50 Supply, Total 14,686 15,479 15,382 15,382 Feed and Residual 5,040 5,324 5,300 5,300 Food, Seed & Industrial 2/ 6,493 6,560 6,595 6,595 Ethanol & by-products 3/ 5,124 5,200 5,225 5,225 Domestic, Total 11,534 11,883 11,895 11,895 Exports 1,920 1,864 1,650 1,650 Use, Total 13,454 13,748 13,545 13,545 Ending Stocks 1,232 1,731 1,837 1,837 Avg. Farm Price ($/bu) 4/ 4.46 3.70 3.35 - 3.85 3.40 - 3.80 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access th e data on the Web through the Feed Grains Database at www.ers.usda.gov/data-products/feed-grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average pr ice received by farmers. March 2016 WASDE - 551 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Feb Mar Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 8.1 7.1 8.5 8.5 Area Harvested (mil. acres) 6.6 6.4 7.9 7.9 Yield (bushels/acre) 59.6 67.6 76.0 76.0 Beginning Stocks 15 34 18 18 Production 392 433 597 597 Imports 0055 Supply, Total 408 467 620 620 Feed and Residual 93 80 130 130 Food, Seed & Industrial 70 15 100 100 Total Domestic 162 96 230 230 Exports 211 353 325 325 Use, Total 374 449 555 555 Ending Stocks 34 18 65 65 Avg. Farm Price ($/bu) 2/ 4.28 4.03 3.10 - 3.50 3.15 - 3.45 Filler Filler Filler Filler Filler BARLEY 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. February Marc h Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.5 3.0 3.6 3.6 Area Harvested (mil. acres) 3.0 2.5 3.1 3.1 Yield (bushels/acre) 71.3 72.7 68.9 68.9 Beginning Stocks 80 82 79 79 Production 217 182 214 214 Imports 19 24 18 20 Supply, Total 316 287 311 313 Feed and Residual 66 43 50 50 Food, Seed & Industrial 153 151 153 153 Total Domestic 219 194 203 203 Exports 14 14 12 14 Use, Total 234 209 215 217 Ending Stocks 82 79 96 96 Avg. Farm Price ($/bu) 2/ 6.06 5.30 5.30 - 5.70 5.35 - 5.65 Filler Filler Filler Filler Filler OATS 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. February Marc h Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.0 2.8 3.1 3.1 Area Harvested (mil. acres) 1.0 1.0 1.3 1.3 Yield (bushels/acre) 64.1 67.9 70.2 70.2 Beginning Stocks 36 25 54 54 Production 65 70 90 90 Imports 97 107 95 95 Supply, Total 198 202 238 238 Feed and Residual 98 70 100 100 Food, Seed & Industrial 73 77 77 77 Total Domestic 172 147 177 177 Exports 2222 Use, Total 173 149 179 179 Ending Stocks 25 54 59 59 Avg. Farm Price ($/bu) 2/ 3.75 3.21 2.10 - 2.30 2.10 - 2.20 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. March 2016 WASDE - 551 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Feb Mar Million Acres Area Planted 2.49 2.95 2.61 2.61 Area Harvested 2.47 2.93 2.58 2.58 Filler Pounds Yield per Harvested Acre 7,694 7,576 7,470 7,470 Million Hundredweight Beginning Stocks 2/ 36.4 31.8 48.5 48.5 Production 190.0 222.2 192.3 192.3 Imports 23.1 24.7 24.0 24.0 Supply, Total 249.5 278.7 264.9 264.9 Domestic & Residual 3/ 124.4 129.9 121.0 121.0 Exports, Total 4/ 93.3 100.3 102.0 100.0 Rough 28.0 34.0 35.0 33.0 Milled (rough equiv.) 65.3 66.3 67.0 67.0 Use, Total 217.7 230.2 223.0 221.0 Ending Stocks 31.8 48.5 41.9 43.9 Avg. Milling Yield (%) 5/ 71.00 70.50 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 16.30 13.40 12.50 - 13.30 12.40 - 13.20 Total LONG-GRAIN RICE 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. February Marc h Harvested Acres (mil.) 1.77 2.20 1.84 1.84 Yield (pounds/acre) 7,464 7,407 7,218 7,218 Beginning Stocks 21.9 16.2 26.5 26.5 Production 131.9 162.7 133.0 133.0 Supply, Total 7/ 173.3 200.0 180.0 180.0 Domestic & Residual 3/ 95.3 102.7 88.0 88.0 Exports 8/ 61.9 70.8 69.0 69.0 Use, Total 157.1 173.5 157.0 157.0 Ending Stocks 16.2 26.5 23.0 23.0 Avg. Farm Price ($/cwt) 6/ 15.40 11.90 11.00 - 11.60 11.00 - 11.60 Filler Filler Filler Filler Filler MEDIUM & SHORT-GRAIN RICE 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. February Marc h Harvested Acres (mil.) 0.70 0.74 0.73 0.73 Yield (pounds/acre) 8,270 8,080 8,103 8,103 Beginning Stocks 12.2 13.3 20.2 20.2 Production 58.1 59.6 59.3 59.3 Supply, Total 7/ 73.8 76.8 83.0 83.0 Domestic & Residual 3/ 29.1 27.1 33.0 33.0 Exports 8/ 31.4 29.5 33.0 31.0 Use, Total 60.5 56.7 66.0 64.0 Ending Stocks 13.3 20.2 17.0 19.0 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 19.20 18.30 16.10 - 16.90 16.00 - 16.80 California 10/ 20.70 21.60 19.00 - 20.00 18.50 - 19.50 Other States 1/ 15.70 14.40 11.70 - 12.30 11.40 - 12.00 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of bro ken kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2013/14-2.1; 2014/15-2.3; 2015/16-1.9. 3/ Residual include s unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and en ding stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. The 2013/14 and 2014/15 milling yield is based on the Farm Service Agency (FSA) warehouse stored loan data for long, medium, and short grain rice. The 2015/16 milling yield is calculated using the previous five-year Olympic average-- 2010/11-2014/15. 6/ Marketing-year weighted average price r eceived by farmers. 7/ Includes imports. 8/ Expor ts by type of rice are estimated. 9 / The medium/short-grain season- average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not fin al until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP fo recast and the final price has av eraged $1.65 per cwt from 2008/09 -2013/14, with a high of $3.5 0 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. March 2016 WASDE - 551 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Feb Mar Filler Filler Filler Filler Filler Million Acres Area Planted 76.8 83.3 82.7 82.7 Area Harvested 76.3 82.6 81.8 81.8 Filler Bushels Yield per Harvested Acre 44.0 47.5 48.0 48.0 Million Bushels Beginning Stocks 141 92 191 191 Production 3,358 3,927 3,930 3,929 Imports 72 33 30 30 Supply, Total 3,570 4,052 4,150 4,150 Crushings 1,734 1,873 1,880 1,870 Exports 1,638 1,843 1,690 1,690 Seed 97 96 92 96 Residual 10 49 39 34 Use, Total 3,478 3,862 3,701 3,690 Ending Stocks 92 191 450 460 Avg. Farm Price ($/bu) 2/ 13.00 10.10 8.05 - 9.55 8.25 - 9.25 Total SOYBEAN OIL 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. February Marc h Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,655 1,165 1,820 1,855 Production 4/ 20,130 21,399 21,845 21,730 Imports 165 264 300 300 Supply, Total 21,950 22,828 23,965 23,885 Domestic Disappearance 18,908 18,959 19,600 19,600 Biodiesel 3/ 5,010 5,037 5,500 5,500 Food, Feed & other Industrial 13,898 13,923 14,100 14,100 Exports 1,877 2,014 2,300 2,100 Use, Total 20,785 20,973 21,900 21,700 Ending stocks 1,165 1,855 2,065 2,185 Avg. Price (c/lb) 2/ 38.23 31.60 28.50 - 31.50 28.50 - 31.50 Total SOYBEAN MEAL 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. February Marc h Filler 1 2 3 4 Thousand Shor t Tons Beginning Stocks 275 250 260 260 Production 4/ 40,685 45,062 44,415 44,165 Imports 383 333 325 375 Supply, Total 41,343 45,645 45,000 44,800 Domestic Disappearance 29,547 32,235 33,500 33,300 Exports 11,546 13,150 11,200 11,200 Use, Total 41,093 45,384 44,700 44,500 Ending Stocks 250 260 300 300 Avg. Price ($/s.t.) 2/ 489.94 368.49 270.00 - 310.00 270.00 - 300.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by f armers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodi esel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 1,903 millio n bushels for 2014/15 and 1,870 million bushels for 2015/16. March 2016 WASDE - 551 - 16 U.S. Sugar Supply and Use 1/ 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Feb Mar Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 2,158 1,810 1,768 1,809 Production 2/ 8,462 8,649 8,849 8,827 Beet Sugar 4,794 4,893 5,010 5,016 Cane Sugar 3,667 3,756 3,839 3,811 Florida 1,763 1,975 2,136 2,108 Hawaii 168 146 165 165 Louisiana 1,591 1,513 1,423 1,423 Texas 145 123 115 115 Imports 3,742 3,553 3,162 3,200 TRQ 3/ 1,302 1,536 1,514 1,586 Other Program 4/ 305 471 300 300 Other 5/ 2,135 1,546 1,348 1,314 Mexico 2,130 1,532 1,333 1,299 Total Supply 14,361 14,012 13,778 13,836 Exports 306 185 123 100 Deliveries 12,246 12,019 12,090 12,090 Food 6/ 11,819 11,888 11,955 11,955 Other 7/ 427 131 135 135 Miscellaneous 0000 Total Use 12,552 12,204 12,213 12,190 Ending Stocks 1,810 1,809 1,565 1,646 Stocks to Use Ratio 14.4 14.8 12.8 13.5 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2014/15 and 2015/16 are based on Crop Production and processor projections where appropriate. 3/ For 2015/16, WTO raw sugar TRQ shortfall (28). For 2014/15, WTO raw sugar TRQ shortfall (69). 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ For 2013/14, other high-tier (5) and other (0). For 2014/15, other high-tier (15) and other (0). For 2015/16, other high-tier (15) and other (0). 6/Combines SMD deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar-containing products for reexport, and for nonedible alcohol, feed, and ethanol. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2014/15 Est. Feb 831 5,985 128 4,691 1,442 811 2014/15 Est. Mar 831 5,985 128 4,691 1,442 811 2015/16 Proj. Feb 811 6,056 90 4,681 1,150 1,125 2015/16 Proj. Mar 811 6,056 70 4,681 1,122 1,134 1/ HFCS imports by Mexico (1,000 metric tons, dry basis): Oct-Sep 2014/15 = 979; Oct-Jan 2014/15 = 311, Oct-Jan 2015/16 = 291 . Footnote source: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes domestic consumption, Mexico's products export program (IMMEX), and any residual statistical discrepancies. IMMEX: 2014/15 (337 est), 2015/16 (337 proj). Statistical Adjustment: 2014/15 (-54), 2015/16 (0). March 2016 WASDE - 551 - 17 U.S. Cotton Supply and Use 1/ 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Feb Mar Filler Filler Filler Filler Filler Area Million Acres Planted 10.41 11.04 8.58 8.58 Harvested 7.54 9.35 8.08 8.06 Filler Pounds Yield per Harvested Acre 821 838 769 771 Million 480 Pound Bales Beginning Stocks 3.80 2.35 3.70 3.70 Production 12.91 16.32 12.94 12.94 Imports 0.01 0.01 0.01 0.01 Supply, Total 16.72 18.68 16.65 16.65 Domestic Use 3.55 3.58 3.60 3.60 Exports, Total 10.53 11.25 9.50 9.50 Use, Total 14.08 14.82 13.10 13.10 Unaccounted 2/ 0.29 0.16 -0.05 -0.05 Ending Stocks 2.35 3.70 3.60 3.60 Avg. Farm Price 3/ 77.9 61.3 58.00 - 61.00 58.00 - 60.00 Total Note: Reliability calculations at end of report. 1/ Upland and ex tra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. March 2016 WASDE - 551 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 177.06 715.36 158.37 126.68 698.33 165.91 194.09 United States 19.54 58.11 4.71 6.20 34.29 32.00 16.07 Total Foreign 157.52 657.25 153.66 120.48 664.04 133.91 178.02 Major Exporters 4/ 20.80 217.92 4.58 56.90 139.71 76.17 27.42 Argentina 0 . 2 9 1 0 . 5 00 . 0 00 . 1 06 . 0 52 . 2 52 . 4 9 Australia 4.66 25.30 0.16 3.60 6.95 18.62 4.56 Canada 5.14 37.53 0.45 4.20 9.41 23.27 10.44 European Union 5/ 10.71 144.59 3.98 49.00 117.30 32.03 9.94 Major Importers 6/ 83.45 194.31 87.36 28.30 259.78 5.19 100.15 Brazil 1.00 5.30 7.07 0.60 11.40 0.08 1.89 China 53.96 121.93 6.77 16.00 116.50 0.89 65.27 Sel. Mideast 7/ 8.94 18.96 20.69 4.92 36.07 0.50 12.02 N. Africa 8/ 11.49 19.72 25.27 2.68 42.42 0.50 13.55 Pakistan 2.45 24.21 0.40 0.60 24.10 0.75 2.21 Southeast Asia 9/ 3.78 0.00 16.41 2.46 15.76 0.89 3.55 Selected Other India 24.20 93.51 0.03 4.80 93.85 6.05 17.83 FSU-12 14.29 103.87 7.41 22.65 72.75 37.15 15.67 Russia 4.95 52.09 0.80 12.50 34.10 18.57 5.18 Kazakhstan 2 . 9 4 1 3 . 9 40 . 0 12 . 0 06 . 8 08 . 1 01 . 9 9 Ukraine 2.58 22.28 0.07 3.40 11.50 9.76 3.67 2014/15 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 194.09 725.47 158.76 131.76 704.91 164.14 214.65 United States 16.07 55.15 4.07 3.33 31.55 23.25 20.48 Total Foreign 178.02 670.32 154.69 128.43 673.36 140.89 194.17 Major Exporters 4/ 27.42 221.65 6.65 62.39 146.17 81.44 28.12 Argentina 2 . 4 9 1 2 . 5 00 . 0 40 . 3 06 . 3 55 . 3 03 . 3 7 Australia 4.56 23.08 0.16 3.80 7.20 16.61 3.98 Canada 10.44 29.42 0.48 3.79 9.12 24.12 7.11 European Union 5/ 9.94 156.66 5.98 54.50 123.50 35.42 13.65 Major Importers 6/ 100.15 196.99 84.72 29.78 262.14 7.65 112.07 Brazil 1.89 6.00 5.37 0.30 10.70 1.69 0.87 China 65.27 126.21 1.93 16.00 116.50 0.80 76.11 Sel. Mideast 7/ 12.02 17.37 21.26 4.45 36.10 1.52 13.03 N. Africa 8/ 13.55 16.90 25.18 2.48 42.68 0.61 12.35 Pakistan 2.21 25.98 0.75 1.00 24.50 0.70 3.74 Southeast Asia 9/ 3.55 0.00 19.91 4.76 18.52 0.96 3.98 Selected Other India 17.83 95.85 0.05 4.50 93.13 3.40 17.20 FSU-12 15.67 112.75 7.67 24.65 75.86 40.22 20.01 Russia 5.18 59.08 0.33 13.00 35.50 22.80 6.28 Kazakhstan 1 . 9 9 1 3 . 0 00 . 6 02 . 0 06 . 8 05 . 5 43 . 2 5 Ukraine 3.67 24.75 0.03 4.00 12.00 11.27 5.18 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, Ch ina, Japan, Mexico, N. Africa, Pa kistan, selected Middle East, and S outheast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeri a, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2016 WASDE - 551 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Feb 214.51 735.77 161.27 135.14 711.41 163.13 238.87 Mar 214.65 732.32 160.34 133.49 709.37 162.73 237.59 United States Feb 20.48 55.84 3.27 4.08 32.20 21.09 26.29 Mar 20.48 55.84 3.27 4.08 32.20 21.09 26.29 Total Foreign Feb 194.04 679.93 158.00 131.06 679.22 142.04 212.57 Mar 194.17 676.48 157.08 129.41 677.18 141.64 211.30 Major Exporters 4/ Feb 28.08 222.58 6.67 64.90 148.33 79.00 29.99 Mar 28.12 221.56 6.97 64.70 148.13 78.50 30.02 Argentina Feb 3.18 11.00 0.03 0.30 6.35 6.50 1.36 Mar 3.37 11.00 0.03 0.30 6.35 7.00 1.05 Australia Feb 4.27 26.00 0.15 4.00 7.43 18.00 5.00 Mar 3.98 24.50 0.15 3.80 7.23 17.00 4.41 Canada Feb 7.11 27.60 0.49 3.60 8.80 22.00 4.39 Mar 7.11 27.60 0.49 3.60 8.80 22.00 4.39 European Union 5/ Feb 13.52 157.98 6.00 57.00 125.75 32.50 19.25 Mar 13.65 158.46 6.30 57.00 125.75 32.50 20.16 Major Importers 6/ Feb 112.07 203.82 86.07 27.62 264.29 6.81 130.86 Mar 112.07 203.82 84.27 26.62 263.12 7.01 130.04 Brazil Feb 0.87 5.54 6.50 0.60 10.60 1.30 1.01 Mar 0.87 5.54 6.50 0.60 10.60 1.30 1.01 China Feb 76.11 130.19 2.30 12.00 114.00 1.00 93.60 Mar 76.11 130.19 2.50 12.00 114.00 1.00 93.80 Sel. Mideast 7/ Feb 13.03 17.86 20.65 4.85 37.49 0.83 13.21 Mar 13.03 17.86 19.85 4.55 37.22 0.83 12.68 N. Africa 8/ Feb 12.35 20.00 25.80 2.68 44.33 0.65 13.17 Mar 12.35 20.00 25.10 2.28 43.73 0.85 12.87 Pakistan Feb 3.74 25.48 0.10 1.00 24.60 0.70 4.02 Mar 3.74 25.48 0.10 1.00 24.60 0.70 4.02 Southeast Asia 9/ Feb 3.98 0.00 20.63 5.59 19.88 0.96 3.77 Mar 3.98 0.00 20.13 5.29 19.58 0.96 3.57 Selected Other India Feb 17.20 88.94 0.50 4.50 91.04 0.80 14.80 Mar 17.20 86.53 0.50 4.20 90.03 1.00 13.20 FSU-12 Feb 20.00 117.53 7.49 26.03 78.31 46.36 20.35 Mar 20.01 117.53 7.69 25.83 78.11 45.86 21.27 Russia Feb 6.28 61.00 0.50 14.00 37.00 23.50 7.28 Mar 6.28 61.00 0.70 14.00 37.00 23.00 7.98 Kazakhstan Feb 3.25 13.75 0.08 2.10 6.90 6.50 3.67 Mar 3.25 13.75 0.08 2.10 6.90 6.50 3.67 Ukraine Feb 5.18 27.25 0.05 4.50 12.50 15.50 4.48 Mar 5.18 27.25 0.05 4.50 12.50 15.50 4.48 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, Ch ina, Japan, Mexico, N. Africa, Pa kistan, selected Middle East, and S outheast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeri a, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2016 WASDE - 551 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 163.52 1,281.02 156.20 733.20 1,233.37 164.38 211.16 United States 23.53 367.09 3.23 133.69 305.05 54.49 34.31 Total Foreign 139.99 913.93 152.97 599.51 928.32 109.89 176.85 Major Exporters 4/ 16.75 174.69 1.81 81.24 111.25 56.45 25.54 Argentina 2.47 35.67 0.00 8.84 13.70 21.27 3.17 Australia 0.85 12.16 0.00 3.36 5.04 6.92 1.05 Brazil 9.56 82.60 1.11 48.28 58.03 20.98 14.26 Canada 3.02 28.75 0.54 15.14 22.37 5.29 4.65 Major Importers 5/ 33.50 249.67 113.03 259.16 341.62 10.98 43.60 European Union 6/ 13.08 158.92 16.27 122.36 164.11 8.63 15.53 Japan 0.98 0.19 17.50 12.91 17.67 0.00 1.00 Mexico 1.63 32.02 11.32 23.62 40.89 0.50 3.58 N. Afr & Mideast 7/ 9.93 31.09 30.66 50.38 57.94 0.30 13.44 Saudi Arabia 3.39 0.36 11.69 11.13 11.55 0.00 3.89 Southeast Asia 8/ 2.83 26.84 10.74 26.86 34.96 1.54 3.90 South Korea 1.29 0.19 10.50 7.80 10.11 0.00 1.87 Selected Other China 68.38 225.41 12.45 157.78 223.55 0.03 82.65 FSU-12 5.04 87.75 0.78 40.02 55.68 30.77 7.11 Russia 1.38 35.74 0.26 18.90 28.62 6.95 1.80 Ukraine 2.33 40.02 0.08 12.27 15.98 22.77 3.69 2014/15 Est. Beginning Stocks Productio n ImportsDomestic FeedDomesti c Total 2 / ExportsEnding Stocks World 3/ 211.16 1,298.48 168.46 748.87 1,268.49 185.24 241.15 United States 34.31 377.23 3.42 139.68 311.35 56.67 46.95 Total Foreign 176.85 921.25 165.04 609.19 957.14 128.57 194.21 Major Exporters 4/ 25.54 166.56 4.69 81.96 112.28 67.17 17.34 Argentina 3.17 34.03 0.01 8.87 14.03 21.05 2.12 Australia 1.05 11.65 0.00 2.99 4.66 7.18 0.86 Brazil 14.26 87.60 0.88 50.20 60.00 34.50 8.25 Canada 4.65 21.99 1.71 13.82 21.29 3.71 3.34 Major Importers 5/ 43.60 257.64 108.24 262.24 345.32 15.96 48.20 European Union 6/ 15.53 170.64 9.08 121.48 163.27 13.99 18.00 Japan 1.00 0.17 16.73 12.35 16.99 0.00 0.91 Mexico 3.58 32.39 11.55 24.40 41.93 0.79 4.81 N. Afr & Mideast 7/ 13.44 26.89 34.03 51.65 59.61 0.10 14.66 Saudi Arabia 3.89 0.36 11.26 11.15 11.63 0.00 3.88 Southeast Asia 8/ 3.90 26.86 11.41 29.29 37.30 1.07 3.80 South Korea 1.87 0.24 10.25 8.08 10.47 0.00 1.90 Selected Other China 82.65 222.75 25.70 158.80 229.06 0.02 102.02 FSU-12 7.11 91.51 0.82 41.85 57.88 33.86 7.70 Russia 1.80 40.39 0.09 20.88 31.14 8.67 2.47 Ukraine 3.69 39.39 0.03 11.62 15.23 24.33 3.54 1/ Aggregate of local marketing years. Co arse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing year s, grain in transit, and reportin g discrepancies in some countr ies. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Malays ia, Philippines, Th ailand, and Vietnam. March 2016 WASDE - 551 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Feb 242.03 1,264.28 165.64 761.66 1,261.14 160.27 245.18 Mar 241.15 1,263.56 166.92 762.70 1,261.63 160.69 243.08 United States Feb 46.95 366.90 3.66 140.96 315.72 50.46 51.32 Mar 46.95 366.90 3.70 140.96 315.72 50.51 51.32 Total Foreign Feb 195.09 897.38 161.99 620.70 945.42 109.81 193.86 Mar 194.21 896.65 163.22 621.74 945.92 110.18 191.75 Major Exporters 4/ Feb 19.00 167.50 5.19 83.50 113.88 60.24 17.58 Mar 17.34 167.04 5.69 83.85 114.23 60.44 15.40 Argentina Feb 2.07 35.06 0.01 9.22 14.58 20.11 2.45 Mar 2.12 35.07 0.01 9.22 14.58 20.11 2.51 Australia Feb 1.16 12.68 0.00 3.44 5.12 7.43 1.30 Mar 0.86 12.68 0.00 3.44 5.12 7.43 1.00 Brazil Feb 9.92 86.58 1.00 51.09 60.89 28.04 8.57 Mar 8.25 86.61 1.00 51.14 60.94 28.04 6.89 Canada Feb 3.34 25.66 1.06 14.45 21.95 4.05 4.06 Mar 3.34 25.66 1.06 14.45 21.95 4.05 4.06 Major Importers 5/ Feb 48.01 243.38 112.63 266.49 349.61 11.88 42.53 Mar 48.20 243.37 112.95 266.65 349.87 12.22 42.43 European Union 6/ Feb 17.99 150.98 16.39 119.55 161.45 9.97 13.95 Mar 18.00 150.98 16.46 119.61 161.51 10.09 13.84 Japan Feb 0.91 0.18 17.03 12.47 17.11 0.00 1.01 Mar 0.91 0.18 17.03 12.47 17.11 0.00 1.01 Mexico Feb 4.81 30.78 12.05 25.22 42.82 1.00 3.82 Mar 4.81 30.78 12.25 25.22 42.82 1.00 4.02 N. Afr & Mideast 7/ Feb 14.66 33.18 29.94 54.97 62.98 0.27 14.53 Mar 14.66 33.18 29.89 54.97 62.98 0.27 14.48 Saudi Arabia Feb 3.88 0.25 12.03 11.75 12.15 0.00 4.00 Mar 3.88 0.25 12.03 11.75 12.15 0.00 4.00 Southeast Asia 8/ Feb 3.62 27.71 10.92 30.46 38.47 0.64 3.15 Mar 3.80 27.71 11.02 30.56 38.67 0.87 3.00 South Korea Feb 1.88 0.20 10.09 8.04 10.32 0.00 1.85 Mar 1.90 0.19 10.09 8.04 10.32 0.00 1.86 Selected Other China Feb 102.02 231.58 16.75 165.13 237.48 0.08 112.80 Mar 102.02 231.58 17.25 165.63 237.98 0.08 112.80 FSU-12 Feb 7.85 82.26 0.82 40.88 56.22 28.64 6.06 Mar 7.70 82.26 0.82 40.73 56.07 28.65 6.06 Russia Feb 2.47 37.32 0.16 20.87 30.42 7.59 1.93 Mar 2.47 37.32 0.16 20.87 30.42 7.60 1.92 Ukraine Feb 3.54 33.25 0.06 10.43 14.00 20.19 2.65 Mar 3.54 33.25 0.06 10.43 14.00 20.19 2.65 1/ Aggregate of local marketing years. Co arse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing year s, grain in transit, and reportin g discrepancies in some countr ies. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Malays ia, Philippines, Th ailand, and Vietnam. March 2016 WASDE - 551 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 132.74 991.38 123.95 570.33 949.34 131.10 174.79 United States 20.86 351.27 0.91 128.02 292.97 48.78 31.29 Total Foreign 111.89 640.11 123.04 442.31 656.37 82.32 143.50 Major Exporters 4/ 11.12 120.93 0.86 57.30 75.30 40.03 17.58 Argentina 1.31 26.00 0.00 5.80 8.80 17.10 1.41 Brazil 9.15 80.00 0.79 46.00 55.00 20.97 13.97 South Africa 0.66 14.93 0.07 5.50 11.50 1.96 2.20 Major Importers 5/ 12.25 120.24 76.07 133.46 185.52 4.44 18.60 Egypt 1.08 5.80 8.73 11.00 13.20 0.00 2.40 European Union 6/ 5.15 64.64 15.95 58.00 76.50 2.41 6.83 Japan 0.52 0.00 15.12 10.70 15.10 0.00 0.55 Mexico 1.06 22.88 10.95 15.20 31.70 0.50 2.69 Southeast Asia 7/ 2.82 26.78 10.72 26.80 34.90 1.53 3.89 South Korea 1.27 0.08 10.41 7.76 9.89 0.00 1.86 Selected Other 0.00 Canada 1.55 14.19 0.51 7.52 12.70 1.95 1.60 China 67.57 218.49 3.28 150.00 208.00 0.02 81.32 FSU-12 2.00 46.92 0.44 18.36 21.13 24.81 3.42 Ukraine 1.19 30.90 0.07 8.30 9.70 20.00 2.45 2014/15 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 174.79 1,009.68 123.44 582.70 979.36 141.21 205.11 United States 31.29 361.09 0.80 135.23 301.85 47.36 43.97 Total Foreign 143.50 648.59 122.63 447.47 677.51 93.85 161.14 Major Exporters 4/ 17.58 122.80 2.31 59.80 77.80 53.65 11.23 Argentina 1.41 27.00 0.01 5.80 9.10 18.50 0.81 Brazil 13.97 85.00 0.40 48.00 57.00 34.45 7.92 South Africa 2.20 10.80 1.90 6.00 11.70 0.70 2.50 Major Importers 5/ 18.60 134.20 67.86 140.14 192.53 5.89 22.24 Egypt 2.40 5.96 7.83 11.50 13.90 0.01 2.27 European Union 6/ 6.83 75.79 8.76 59.50 78.00 4.03 9.35 Japan 0.55 0.00 14.66 10.40 14.70 0.00 0.50 Mexico 2.69 25.48 11.27 17.70 34.45 0.78 4.21 Southeast Asia 7/ 3.89 26.81 11.36 29.20 37.20 1.07 3.79 South Korea 1.86 0.08 10.17 8.04 10.25 0.00 1.86 Selected Other 0.00 Canada 1.60 11.49 1.56 7.43 12.82 0.42 1.40 China 81.32 215.65 5.52 140.00 202.00 0.01 100.46 FSU-12 3.42 43.75 0.49 18.71 21.43 23.18 3.06 Ukraine 2.45 28.45 0.03 8.00 9.40 19.66 1.87 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Braz il, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade ex cludes intra-trade. 7/ Indo nesia, Malaysia, Philippines, Thailand, and Vietnam. March 2016 WASDE - 551 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Feb 206.18 970.08 128.30 596.65 967.45 119.40 208.81 Mar 205.11 969.64 128.90 596.95 967.78 119.73 206.97 United States Feb 43.97 345.49 1.27 134.63 302.15 41.91 46.67 Mar 43.97 345.49 1.27 134.63 302.15 41.91 46.67 Total Foreign Feb 162.21 624.59 127.03 462.03 665.31 77.49 162.14 Mar 161.14 624.15 127.63 462.33 665.63 77.82 160.30 Major Exporters 4/ Feb 12.63 118.00 3.61 60.20 78.20 45.60 10.44 Mar 11.23 117.50 4.11 60.50 78.50 45.80 8.54 Argentina Feb 0.81 27.00 0.01 6.00 9.50 17.00 1.32 Mar 0.81 27.00 0.01 6.00 9.50 17.00 1.32 Brazil Feb 9.57 84.00 0.60 49.00 58.00 28.00 8.17 Mar 7.92 84.00 0.60 49.00 58.00 28.00 6.52 South Africa Feb 2.25 7.00 3.00 5.20 10.70 0.60 0.95 Mar 2.50 6.50 3.50 5.50 11.00 0.80 0.70 Major Importers 5/ Feb 22.06 115.09 75.00 140.30 192.63 2.65 16.88 Mar 22.24 115.09 75.30 140.40 192.83 2.97 16.84 Egypt Feb 2.27 6.00 8.00 12.10 14.50 0.01 1.76 Mar 2.27 6.00 8.00 12.10 14.50 0.01 1.76 European Union 6/ Feb 9.35 57.75 16.00 57.50 76.00 1.00 6.10 Mar 9.35 57.75 16.00 57.50 76.00 1.10 6.00 Japan Feb 0.50 0.00 14.70 10.40 14.70 0.00 0.50 Mar 0.50 0.00 14.70 10.40 14.70 0.00 0.50 Mexico Feb 4.21 23.50 11.30 17.90 34.70 1.00 3.31 Mar 4.21 23.50 11.50 17.90 34.70 1.00 3.51 Southeast Asia 7/ Feb 3.62 27.66 10.90 30.40 38.40 0.64 3.14 Mar 3.79 27.66 11.00 30.50 38.60 0.86 2.99 South Korea Feb 1.86 0.08 10.00 8.00 10.10 0.00 1.84 Mar 1.86 0.08 10.00 8.00 10.10 0.00 1.84 Selected Other Canada Feb 1.40 13.60 1.00 8.00 13.40 1.00 1.60 Mar 1.40 13.60 1.00 8.00 13.40 1.00 1.60 China Feb 100.46 224.58 2.50 152.00 216.00 0.05 111.49 Mar 100.46 224.58 2.50 152.00 216.00 0.05 111.49 FSU-12 Feb 3.06 39.94 0.49 18.66 21.53 19.50 2.47 Mar 3.06 39.94 0.49 18.66 21.53 19.50 2.47 Ukraine Feb 1.87 23.30 0.05 7.00 8.40 15.50 1.32 Mar 1.87 23.30 0.05 7.00 8.40 15.50 1.32 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Tr ade excludes intra-trade. 7/ Indonesi a, Malaysia, Philippines, Thailand, and Vietnam. March 2016 WASDE - 551 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2013/14 Beginning StocksProductio n Imports Total /2 DomesticExports Ending Stocks World 3/ 110.62 478.42 38.35 481.56 41.76 107.48 United States 1.16 6.12 0.73 3.98 3.01 1.03 Total Foreign 109.46 472.31 37.62 477.58 38.75 106.46 Major Exporters 4/ 39.41 162.07 0.63 134.66 30.64 36.81 India 25.44 106.65 0.00 99.18 10.15 22.76 Pakistan 0.30 6.80 0.03 2.60 3.20 1.33 Thailand 12.81 20.46 0.30 10.88 10.97 11.72 Vietnam 0.86 28.16 0.30 22.00 6.33 1.00 Major Importers 5/ 12.51 64.32 12.42 76.99 1.10 11.15 Brazil 0.53 8.30 0.53 7.90 0.82 0.64 European Union 6/ 1.19 1.94 1.53 3.25 0.24 1.16 Indonesia 6.48 36.30 1.23 38.50 0.00 5.50 Nigeria 0.89 2.77 2.80 5.80 0.00 0.66 Philippines 1.49 11.86 1.20 12.85 0.00 1.70 Sel. Mideast 7/ 1.50 1.95 3.96 6.12 0.00 1.29 Selected Other 0.00 Burma 0.55 11.96 0.00 10.45 1.69 0.37 C. Amer & Carib 8/ 0.47 1.77 1.41 3.17 0.01 0.47 China 46.83 142.53 4.00 146.30 0.26 46.80 Egypt 0.43 4.75 0.03 4.00 0.60 0.60 Japan 2.86 7.93 0.66 8.28 0.06 3.11 Mexico 0.19 0.13 0.69 0.86 0.00 0.15 South Korea 0.78 4.23 0.31 4.42 0.00 0.90 2014/15 Est. Beginning Stocks Productio n ImportsTotal / 2 Domesti c ExportsEndin g Stock s World 3/ 107.48 478.76 40.99 482.59 43.57 103.65 United States 1.03 7.11 0.78 4.16 3.21 1.55 Total Foreign 106.46 471.65 40.20 478.43 40.36 102.10 Major Exporters 4/ 36.81 159.47 0.73 134.50 32.26 30.25 India 22.76 105.48 0.00 98.60 11.87 17.77 Pakistan 1.33 7.01 0.03 2.80 4.00 1.56 Thailand 11.72 18.75 0.30 11.00 9.78 10.00 Vietnam 1.00 28.23 0.40 22.10 6.61 0.93 Major Importers 5/ 11.15 64.00 14.15 77.24 1.23 10.83 Brazil 0.64 8.47 0.45 7.93 0.93 0.69 European Union 6/ 1.16 1.90 1.70 3.27 0.27 1.23 Indonesia 5.50 35.56 1.20 38.30 0.00 3.96 Nigeria 0.66 2.84 3.50 5.80 0.00 1.19 Philippines 1.70 11.92 1.80 13.20 0.00 2.21 Sel. Mideast 7/ 1.29 1.98 3.87 6.08 0.00 1.06 Selected Other 0.00 Burma 0.37 12.60 0.00 10.65 1.75 0.57 C. Amer & Carib 8/ 0.47 1.77 1.62 3.37 0.01 0.47 China 46.80 144.56 4.70 148.00 0.43 47.64 Egypt 0.60 4.53 0.03 4.00 0.25 0.92 Japan 3.11 7.85 0.64 8.32 0.08 3.20 Mexico 0.15 0.18 0.70 0.87 0.00 0.15 South Korea 0.90 4.24 0.47 4.42 0.00 1.19 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to re flect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ Worl d imports and exports may not ba lance due to differences in so me countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Braz il, Indonesia, Hong K ong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Ir aq, and Saudi Arabia. 8/ Centra l American and Caribbean countri es. March 2016 WASDE - 551 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ Feb 103.46 469.50 39.66 483.68 41.62 89.28 Mar 103.65 471.09 40.02 484.23 41.66 90.51 United States Feb 1.55 6.11 0.76 3.85 3.24 1.33 Mar 1.55 6.11 0.76 3.85 3.18 1.39 Total Foreign Feb 101.91 463.39 38.90 479.82 38.38 87.96 Mar 102.10 464.98 39.26 480.38 38.48 89.12 Major Exporters 4/ Feb 30.17 151.00 0.72 133.90 30.10 17.89 Mar 30.25 154.00 0.72 134.80 30.20 19.97 India Feb 17.69 100.00 0.00 98.00 8.50 11.19 Mar 17.77 103.00 0.00 98.90 8.60 13.27 Pakistan Feb 1.56 6.90 0.02 2.80 4.60 1.08 Mar 1.56 6.90 0.02 2.80 4.60 1.08 Thailand Feb 10.00 15.90 0.30 11.20 10.00 5.00 Mar 10.00 15.90 0.30 11.20 10.00 5.00 Vietnam Feb 0.93 28.20 0.40 21.90 7.00 0.63 Mar 0.93 28.20 0.40 21.90 7.00 0.63 Major Importers 5/ Feb 10.77 63.71 13.84 77.35 1.16 9.81 Mar 10.83 62.71 13.94 77.19 1.16 9.13 Brazil Feb 0.65 7.91 0.70 7.90 0.83 0.53 Mar 0.69 7.91 0.70 7.94 0.83 0.53 European Union 6/ Feb 1.23 2.01 1.50 3.28 0.28 1.18 Mar 1.23 2.01 1.50 3.28 0.28 1.18 Indonesia Feb 3.95 36.30 1.90 38.30 0.00 3.85 Mar 3.96 35.30 2.00 38.10 0.00 3.16 Nigeria Feb 1.19 2.71 2.50 5.85 0.00 0.55 Mar 1.19 2.71 2.50 5.85 0.00 0.55 Philippines Feb 2.21 11.50 2.00 13.25 0.00 2.46 Mar 2.21 11.50 2.00 13.25 0.00 2.46 Sel. Mideast 7/ Feb 1.06 1.89 4.10 6.13 0.00 0.93 Mar 1.06 1.89 4.10 6.13 0.00 0.93 Selected Other Burma Feb 0.57 12.20 0.00 10.65 1.80 0.32 Mar 0.57 12.20 0.00 10.65 1.80 0.32 C. Amer & Carib 8/ Feb 0.47 1.61 1.69 3.33 0.01 0.43 Mar 0.47 1.61 1.69 3.33 0.01 0.43 China Feb 47.66 145.77 4.70 150.00 0.45 47.68 Mar 47.64 145.77 5.00 150.30 0.35 47.76 Egypt Feb 0.92 4.00 0.03 4.00 0.40 0.54 Mar 0.92 4.00 0.03 4.00 0.40 0.54 Japan Feb 3.20 7.90 0.70 8.38 0.08 3.35 Mar 3.20 7.65 0.70 8.30 0.08 3.18 Mexico Feb 0.15 0.13 0.70 0.87 0.00 0.11 Mar 0.15 0.13 0.70 0.87 0.00 0.11 South Korea Feb 1.19 4.33 0.47 4.39 0.00 1.59 Mar 1.19 4.33 0.47 4.39 0.00 1.59 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use a nd unreported disappearance. 3/ World impor ts and exports may not balance due to di fferences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indones ia, Hong Kong, Cote d'Ivoire, Nigeria, Phil ippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Ara bia. 8/ Central American and Caribbean countries. March 2016 WASDE - 551 - 26 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2013/14 Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World 91.74 120.41 41.28 109.92 40.81 -0.38 103.07 United States 3.80 12.91 0.01 3.55 10.53 0.29 2.35 Total Foreign 87.94 107.50 41.27 106.37 30.28 -0.68 100.72 Major Exporters 4/ 27.37 57.03 1.36 32.00 26.58 -0.83 28.01 Central Asia 5/ 4.21 6.60 3 / 2.35 5.05 0.00 3.41 Afr. Fr. Zone 6/ 1.30 4.37 3 / 0.15 4.13 0.00 1.39 S. Hemis 7/ 9.73 14.04 0.29 5.26 7.74 -0.34 11.40 Australia 2.40 4.10 3 / 0.04 4.85 -0.20 1.81 Brazil 5.80 8.00 0.15 4.20 2.23 -0.15 7.67 India 11.80 31.00 0.68 23.25 9.26 -0.50 11.46 Major Importers 8/ 58.77 47.23 37.58 69.96 2.64 0.15 70.84 Mexico 0.65 0.93 1.04 1.85 0.16 0.03 0.58 China 50.36 32.75 14.12 34.50 0.03 0.00 62.71 European Union 9/ 0.55 1.60 0.87 0.85 1.60 0.03 0.53 Turkey 1.32 2.30 4.25 6.30 0.20 0.00 1.36 Pakistan 2.71 9.50 1.20 10.40 0.51 0.03 2.48 Indonesia 0.54 0.03 2.99 3.05 0.01 0.00 0.50 Thailand 0.24 3 / 1.55 1.53 0.00 0.03 0.24 Bangladesh 1.17 0.12 5.30 5.30 0.00 0.01 1.27 Vietnam 0.49 0.01 3.20 3.20 0.00 0.00 0.50 2014/15 Est. Beginning Stocks Productio n ImportsDomestic Use ExportsLoss /2 Ending Stocks World 103.07 119.15 35.71 110.30 35.38 0.09 112.17 United States 2.35 16.32 0.01 3.58 11.25 0.16 3.70 Total Foreign 100.72 102.83 35.70 106.73 24.13 -0.07 108.47 Major Exporters 4/ 28.01 52.65 1.73 32.50 20.65 -0.23 29.47 Central Asia 5/ 3.41 6.20 3 / 2.46 4.69 0.00 2.45 Afr. Fr. Zone 6/ 1.39 5.12 3 / 0.14 4.33 0.00 2.03 S. Hemis 7/ 11.40 11.02 0.17 4.55 7.05 -0.24 11.22 Australia 1.81 2.30 3 / 0.04 2.39 -0.10 1.78 Brazil 7.67 7.00 0.02 3.50 3.91 -0.15 7.43 India 11.46 29.50 1.23 24.50 4.20 0.00 13.49 Major Importers 8/ 70.84 46.94 31.82 69.86 2.57 0.15 77.02 Mexico 0.58 1.37 0.83 1.85 0.17 0.03 0.74 China 62.71 30.00 8.28 33.00 0.07 0.00 67.92 European Union 9/ 0.53 1.64 0.86 0.87 1.62 0.03 0.50 Turkey 1.36 3.20 3.68 6.40 0.24 0.00 1.60 Pakistan 2.48 10.60 0.84 10.60 0.45 0.03 2.84 Indonesia 0.50 0.01 3.35 3.25 0.01 0.00 0.60 Thailand 0.24 3 / 1.48 1.48 0.00 0.03 0.22 Bangladesh 1.27 0.12 5.40 5.50 0.00 0.01 1.28 Vietnam 0.50 3 / 4.30 4.10 0.00 0.00 0.70 1/ Marketing year beginning August 1. Tota ls may not add exactly and trade may not ba lance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing ch annel; for Australia, Brazil, China, and the United States, refl ects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, an d Uzbekistan. 6/ Benin, Burkino Faso, Came roon, Central African Republic, Chad, Cote d' Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Pa raguay, South Africa, Tanzania, and Zimbabwe . 8/ In addition to the countries and regi ons listed, includes Hong Kong, Japan, Russia, South Kore a, and Taiwan. 9/ Includes intra-EU trade. March 2016 WASDE - 551 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2015/16 Proj. Beginning StocksProduction Imports Domestic UseExports Loss /2Ending Stocks World Feb 112.17 101.38 35.08 109.60 35.11 -0.15 104.08 Mar 112.17 100.22 34.92 109.21 34.90 -0.15 103.34 United States Feb 3.70 12.94 0.01 3.60 9.50 -0.05 3.60 Mar 3.70 12.94 0.01 3.60 9.50 -0.05 3.60 Total Foreign Feb 108.47 88.44 35.07 106.00 25.61 -0.11 100.48 Mar 108.47 87.28 34.91 105.61 25.40 -0.11 99.74 filler filler filler filler filler filler filler Major Exporters 4/ Feb 29.47 49.52 1.56 32.23 22.60 -0.23 25.95 Mar 29.47 48.56 1.57 32.21 22.40 -0.23 25.22 Central Asia 5/ Feb 2.45 5.65 3 / 2.51 3.80 0.00 1.79 Mar 2.45 5.65 3 / 2.50 3.85 0.00 1.75 Afr. Fr. Zone 6/ Feb 2.03 4.85 3 / 0.14 5.16 0.00 1.58 Mar 2.03 4.81 3 / 0.14 5.13 0.00 1.56 S. Hemis 7/ Feb 11.22 10.61 0.21 4.27 7.64 -0.24 10.36 Mar 11.22 10.69 0.22 4.26 7.62 -0.24 10.48 Australia Feb 1.78 2.40 3 / 0.04 2.75 -0.10 1.49 Mar 1.78 2.50 3 / 0.04 2.75 -0.10 1.59 Brazil Feb 7.43 6.70 0.05 3.20 4.20 -0.15 6.93 Mar 7.43 6.70 0.05 3.20 4.20 -0.15 6.93 India Feb 13.49 27.80 0.90 24.50 5.70 0.00 11.99 Mar 13.49 26.80 0.90 24.50 5.50 0.00 11.19 filler filler filler filler filler filler filler Major Importers 8/ Feb 77.02 35.94 31.25 69.32 2.08 0.12 72.69 Mar 77.02 35.74 31.20 69.07 2.08 0.12 72.69 Mexico Feb 0.74 0.95 0.98 1.90 0.15 0.03 0.59 Mar 0.74 0.95 0.98 1.90 0.15 0.03 0.59 China Feb 67.92 23.80 5.00 32.00 0.20 0.00 64.52 Mar 67.92 23.80 5.00 32.00 0.20 0.00 64.52 European Union 9/ Feb 0.50 1.20 0.86 0.88 1.22 0.03 0.44 Mar 0.50 1.20 0.86 0.88 1.22 0.03 0.44 Turkey Feb 1.60 2.65 3.80 6.40 0.25 0.00 1.40 Mar 1.60 2.65 3.80 6.40 0.25 0.00 1.40 Pakistan Feb 2.84 7.20 2.30 9.80 0.25 0.03 2.26 Mar 2.84 7.00 2.30 9.60 0.25 0.03 2.26 Indonesia Feb 0.60 0.01 3.10 3.15 0.01 0.00 0.55 Mar 0.60 0.01 3.10 3.15 0.01 0.00 0.55 Thailand Feb 0.22 3 / 1.48 1.45 0.00 0.03 0.22 Mar 0.22 3 / 1.43 1.40 0.00 0.03 0.22 Bangladesh Feb 1.28 0.13 5.75 5.85 0.00 0.01 1.30 Mar 1.28 0.13 5.75 5.85 0.00 0.01 1.30 Vietnam Feb 0.70 3 / 5.20 5.10 0.00 0.00 0.80 Mar 0.70 3 / 5.20 5.10 0.00 0.00 0.80 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destro yed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan , Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions lis ted, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. March 2016 WASDE - 551 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Domestic CrushDomestic TotalExports Ending Stocks World 2/ 54.67 282.75 111.78 241.21 274.82 112.70 61.67 United States 3.83 91.39 1.95 47.19 50.09 44.57 2.50 Total Foreign 50.84 191.36 109.83 194.02 224.73 68.13 59.17 Major Exporters 3/ 34.99 151.69 0.63 76.47 83.17 62.67 41.47 Argentina 19.47 53.50 0.00 36.17 39.76 7.84 25.37 Brazil 15.36 86.70 0.61 36.86 39.81 46.83 16.02 Paraguay 0.13 8.19 0.01 3.35 3.45 4.80 0.07 Major Importers 4/ 13.33 14.48 96.52 91.39 108.77 0.34 15.21 China 12.38 11.95 70.36 68.85 80.60 0.22 13.88 European Union 0.30 1.21 13.29 13.44 14.22 0.06 0.53 Japan 0.18 0.20 2.89 1.97 3.05 0.00 0.23 Mexico 0.10 0.24 3.84 4.03 4.07 0.00 0.12 2014/15 Est. Beginnin g Stock s Productio n Import sDomesti c Crus hDomesti c Total Export s Endin g Stock s World 2/ 61.67 318.57 122.15 262.39 299.36 125.88 77.14 United States 2.50 106.88 0.90 50.98 54.93 50.17 5.19 Total Foreign 59.17 211.69 121.24 211.42 244.43 75.71 71.95 Major Exporters 3/ 41.47 168.81 0.33 84.01 91.32 68.41 50.88 Argentina 25.37 61.40 0.00 40.24 44.40 10.57 31.80 Brazil 16.02 96.20 0.31 39.93 42.90 50.61 19.01 Paraguay 0.07 8.10 0.01 3.65 3.75 4.38 0.06 Major Importers 4/ 15.21 15.40 105.26 98.63 117.18 0.29 18.39 China 13.88 12.15 78.35 74.50 87.20 0.14 17.03 European Union 0.53 1.81 13.39 14.20 15.04 0.12 0.58 Japan 0.23 0.23 3.00 2.15 3.24 0.00 0.22 Mexico 0.12 0.36 3.82 4.18 4.21 0.00 0.08 2015/16 Proj. Beginnin g Stock s Productio n Import s Domesti c Cru shDomesti c TotalExport s Endin g Stock s World 2/ Feb 77.08 320.51 127.19 275.86 314.52 129.85 80.42 Mar 77.14 320.21 128.16 278.04 315.75 130.90 78.87 United States Feb 5.19 106.95 0.82 51.17 54.73 45.99 12.23 Mar 5.19 106.93 0.82 50.89 54.43 45.99 12.51 Total Foreign Feb 71.89 213.55 126.38 224.69 259.79 83.85 68.19 Mar 71.95 213.27 127.35 227.15 261.32 84.90 66.36 Major Exporters 3/ Feb 50.74 170.41 0.32 87.80 96.03 76.25 49.19 Mar 50.88 170.41 0.32 90.00 97.33 77.25 47.04 Argentina Feb 31.66 58.50 0.00 43.50 48.56 11.80 29.80 Mar 31.80 58.50 0.00 45.70 49.85 11.80 28.65 Brazil Feb 19.01 100.00 0.30 40.00 43.00 57.00 19.31 Mar 19.01 100.00 0.30 40.00 43.00 58.00 18.31 Paraguay Feb 0.06 8.80 0.01 4.10 4.20 4.60 0.06 Mar 0.06 8.80 0.01 4.10 4.20 4.60 0.06 Major Importers 4/ Feb 18.38 15.48 108.38 105.91 125.41 0.33 16.50 Mar 18.39 15.48 109.18 106.31 125.81 0.38 16.86 China Feb 17.03 12.00 80.50 80.70 94.15 0.20 15.18 Mar 17.03 12.00 82.00 81.80 95.25 0.20 15.58 European Union Feb 0.58 2.05 13.70 14.80 15.67 0.10 0.56 Mar 0.58 2.05 13.20 14.30 15.17 0.15 0.51 Japan Feb 0.22 0.22 2.90 2.02 3.10 0.00 0.24 Mar 0.22 0.22 2.90 2.02 3.10 0.00 0.24 Mexico Feb 0.08 0.36 4.05 4.35 4.39 0.00 0.10 Mar 0.08 0.36 3.85 4.15 4.19 0.00 0.10 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October-September year. 2/ World i mports and exports may not balance due to differences in local marke ting years and to time lags betw een reported exports and imports. Therefore, world supply may not equal world us e. 3/ Argentina, Br azil, Paraguay, and Uruguay. 4/ China, European Union, Japan , Mexico, and Southeast Asia (inc ludes Indonesia, Malaysia, Philip pines, Vietnam, and Thailand). March 2016 WASDE - 551 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 9.48 189.46 57.93 186.22 60.16 10.49 United States 0.25 36.91 0.35 26.81 10.47 0.23 Total Foreign 9.24 152.55 57.58 159.42 49.68 10.26 Major Exporters 3/ 6.64 63.07 0.03 20.69 41.66 7.39 Argentina 3.25 27.89 0.00 2.10 24.97 4.07 Brazil 3.10 28.54 0.03 14.65 13.95 3.07 India 0.29 6.64 0.01 3.94 2.74 0.25 Major Importers 4/ 1.08 14.55 33.84 47.65 0.36 1.47 European Union 0.20 10.61 18.14 28.39 0.30 0.26 Southeast Asia 5/ 0.79 2.44 13.72 15.88 0.06 1.02 2014/15 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 10.49 206.95 60.20 201.91 63.58 12.15 United States 0.23 40.88 0.30 29.24 11.93 0.24 Total Foreign 10.26 166.07 59.90 172.67 51.65 11.91 Major Exporters 3/ 7.39 67.42 0.03 22.16 44.01 8.67 Argentina 4.07 30.93 0.00 2.30 28.55 4.16 Brazil 3.07 30.89 0.02 15.25 14.39 4.34 India 0.25 5.60 0.01 4.61 1.07 0.18 Major Importers 4/ 1.47 15.67 35.77 51.17 0.43 1.31 European Union 0.26 11.22 19.26 30.14 0.36 0.24 Southeast Asia 5/ 1.02 2.83 14.81 17.65 0.07 0.94 2015/16 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Feb 12.22 217.02 63.89 215.63 66.21 11.29 Mar 12.15 218.72 64.90 216.36 67.26 12.14 United States Feb 0.24 40.29 0.30 30.39 10.16 0.27 Mar 0.24 40.07 0.34 30.21 10.16 0.27 Total Foreign Feb 11.98 176.73 63.60 185.24 56.05 11.02 Mar 11.91 178.65 64.56 186.15 57.10 11.87 Major Exporters 3/ Feb 8.67 69.80 0.03 23.11 47.50 7.88 Mar 8.67 71.50 0.03 23.03 48.55 8.61 Argentina Feb 4.16 33.68 0.00 2.48 31.75 3.60 Mar 4.16 35.38 0.00 2.40 32.80 4.34 Brazil Feb 4.34 30.96 0.02 15.55 15.60 4.17 Mar 4.34 30.96 0.02 15.55 15.60 4.17 India Feb 0.18 5.16 0.01 5.08 0.15 0.11 Mar 0.18 5.16 0.01 5.08 0.15 0.11 Major Importers 4/ Feb 1.31 16.39 38.20 54.18 0.48 1.24 Mar 1.31 16.00 38.60 54.18 0.48 1.25 European Union Feb 0.24 11.69 20.30 31.64 0.40 0.18 Mar 0.24 11.30 20.70 31.64 0.40 0.19 Southeast Asia 5/ Feb 0.94 3.18 16.05 19.18 0.08 0.91 Mar 0.94 3.18 16.05 19.18 0.08 0.91 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketi ng years and to time lags be tween reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Br azil, and India. 4/ European Union, Southeast Asia, and Japa n. 5/ Indonesia, Malaysia, Philippine s, Vietnam, and Thailand. March 2016 WASDE - 551 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 3.85 45.00 9.27 45.15 9.42 3.54 United States 0.75 9.13 0.08 8.58 0.85 0.53 Total Foreign 3.10 35.87 9.19 36.58 8.57 3.01 Major Exporters 3/ 0.86 16.41 0.34 10.40 6.23 0.97 Argentina 0.26 6.79 0.01 2.73 4.09 0.24 Brazil 0.40 7.07 0.00 5.71 1.38 0.39 European Union 0.20 2.55 0.33 1.97 0.77 0.35 Major Importers 4/ 1.42 14.22 4.59 18.70 0.21 1.33 China 1.02 12.34 1.35 13.66 0.09 0.96 India 0.25 1.48 1.83 3.30 0.00 0.26 North Africa 5/ 0.15 0.41 1.41 1.74 0.11 0.12 2014/15 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 3.54 48.95 10.07 47.92 11.01 3.62 United States 0.53 9.71 0.12 8.60 0.91 0.84 Total Foreign 3.01 39.24 9.95 39.32 10.10 2.78 Major Exporters 3/ 0.97 18.05 0.29 10.88 7.61 0.81 Argentina 0.24 7.69 0.02 2.60 5.09 0.25 Brazil 0.39 7.66 0.01 6.28 1.51 0.27 European Union 0.35 2.70 0.25 2.00 1.01 0.29 Major Importers 4/ 1.33 15.06 5.22 20.22 0.18 1.22 China 0.96 13.35 0.77 14.13 0.11 0.85 India 0.26 1.25 2.80 4.05 0.00 0.25 North Africa 5/ 0.12 0.47 1.65 2.04 0.07 0.13 2015/16 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Feb 3.62 51.58 11.06 50.74 11.87 3.64 Mar 3.62 52.01 11.26 51.28 11.95 3.65 United States Feb 0.83 9.91 0.14 8.89 1.04 0.94 Mar 0.84 9.86 0.14 8.89 0.95 0.99 Total Foreign Feb 2.79 41.67 10.92 41.85 10.83 2.71 Mar 2.78 42.15 11.12 42.39 11.00 2.66 Major Exporters 3/ Feb 0.81 18.78 0.18 10.87 8.15 0.75 Mar 0.81 19.11 0.17 11.03 8.32 0.74 Argentina Feb 0.25 8.29 0.02 2.50 5.76 0.30 Mar 0.25 8.71 0.01 2.66 5.93 0.38 Brazil Feb 0.27 7.68 0.01 6.37 1.39 0.21 Mar 0.27 7.68 0.01 6.37 1.39 0.21 European Union Feb 0.29 2.81 0.15 2.00 1.00 0.25 Mar 0.29 2.72 0.15 2.00 1.00 0.16 Major Importers 4/ Feb 1.22 16.10 6.13 22.03 0.21 1.22 Mar 1.22 16.30 6.18 22.30 0.21 1.19 China Feb 0.85 14.46 0.85 15.23 0.08 0.85 Mar 0.85 14.66 0.85 15.45 0.08 0.82 India Feb 0.25 1.15 3.65 4.80 0.00 0.25 Mar 0.25 1.15 3.70 4.85 0.00 0.25 North Africa 5/ Feb 0.13 0.50 1.63 2.00 0.13 0.12 Mar 0.13 0.50 1.63 2.00 0.13 0.12 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketi ng years and to time lags be tween reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Brazil an d European Union. 4/ Chin a, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. March 2016 WASDE - 551 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef PorkRed Mea t 2/Broile r Turkey Total Poultry 3 /Red Meat & PoultryEgg Milk Million Pounds Mil doz Bil lbs 2014 Annual 24,252 22,843 47,345 38,565 5, 756 44,842 92,187 8,431 206.1 2015 I 5,664 6,161 11,883 9,718 1,429 11,273 23,156 2,078 51.9 II 5,855 5,925 11,839 10,021 1,389 11,542 23,381 1,991 53.7 III 6,066 5,957 12,080 10,372 1,352 11,857 23,937 1,929 51.7 IV 6,105 6,456 12,620 9,937 1,458 11,526 24,146 1,980 51.3 Annual Feb Est. 23,690 24,499 48,422 40,042 5, 628 46,193 94,615 7,896 208.5 Mar Est. 23,690 24,499 48,422 40,048 5, 627 46,198 94,619 7,977 208.6 2016 I* 5,845 6,270 12,175 10,100 1,425 11,650 23,825 2,025 52.8 II* 6,115 5,935 12,107 10,200 1,475 11,815 23,922 2,035 54.0 III* 6,365 6,170 12,591 10,500 1,525 12,165 24,756 2,085 52.5 IV* 6,215 6,650 12,925 10,300 1,585 12,020 24,945 2,160 52.4 Annual Feb Proj. 24,580 25,030 49,842 41,025 5, 945 47,510 97,352 8,180 211.9 Mar Proj. 24,540 25,025 49,798 41,100 6, 010 47,650 97,448 8,305 211.6 * Projection. 1/ Commercial production for re d meats; federally inspected for poultry me ats. 2/ Beef, pork, veal and lamb & mut ton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/Barrows and gilts 3/Broilers 4/Turkeys 5/Eggs 6/Milk 7/ Dol./cw t Dol./cw t Cents/lb. Cents/lb. Cents/doz. Dol./cw t 2014 Annual 154.56 76.03 104.9 107.6 142.3 23.97 2015 I 162.43 48.47 97.0 99.6 146.9 17.00 II 158.11 53.20 104.2 108.5 170.3 16.70 III 144.22 54.59 83.7 126.4 235.7 16.93 IV 127.71 44.66 77.2 130.1 174.1 17.70 Annual Feb Est. 148.12 50.23 90.5 116.2 181.8 17.08 Mar Est. 148.12 50.23 90.5 116.2 181.8 17.08 2016 I* 132-135 45-46 83-84 114-117 131-134 15.45-15.65 II* 136-142 51-53 84-88 112-118 127-133 14.30-14.80 III* 132-144 50-54 84-92 106-114 134-146 14.65-15.45 IV* 133-145 39-43 84-90 111-121 154-166 15.40-16.40 Annual Feb Proj. 133-142 46-49 85-90 110-118 141-150 15.30-16.00 Mar Proj. 133-142 46-49 84-88 111-117 137-145 14.95-15.55 *Projection. 1/ Simple average of months. 2/ 5-Area, Direct, To tal all grades 3/ National Base, Live equiv 51-52% lean. 4/ Whol esale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, Ne w York, volume buyers. 7/ Prices received by farmers for all milk. March 2016 WASDE - 551 - 32 U.S. Meats Supply and Use Item Beginning stocksProduction 1/ ImportsTotal Supply ExportsEnding Stocks Total UsePer Capita 2/ 3/ Million Pounds /4 Beef 2014 584 24,320 2,947 27,850 2,573 591 24,687 54.1 2015 Est. Feb 591 23,755 3,370 27,716 2,266 685 24,765 53.9 Mar 591 23,755 3,370 27,716 2,266 683 24,767 53.9 2016 Proj. Feb 685 24,644 2,845 28,174 2,475 600 25,099 54.3 Mar 683 24,604 2,845 28,132 2,475 600 25,057 54.3 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2014 618 22,861 1,008 24,486 4,857 559 19,071 46.4 2015 Est. Feb 560 24,517 1,111 26,188 4,941 589 20,658 49.9 Mar 559 24,517 1,111 26,187 4,941 590 20,656 49.9 2016 Proj. Feb 589 25,048 1,000 26,637 5,125 600 20,912 50.2 Mar 590 25,043 1,100 26,733 5,100 625 21,008 50.4 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2014 1,230 47,441 4,149 52,820 7,436 1,190 44,195 101.7 2015 Est. Feb 1,191 48,515 4,695 54,401 7,212 1,321 45,868 105.0 Mar 1,190 48,515 4,695 54,400 7,212 1,320 45,868 105.0 2016 Proj. Feb 1,321 49,935 4,040 55,296 7,611 1,240 46,445 105.7 Mar 1,320 49,891 4,140 55,351 7,585 1,265 46,501 105.9 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2014 669 38,153 117 38,938 7,301 680 30,957 83.3 2015 Est. Feb 680 39,614 130 40,424 6,319 833 33,272 88.9 Mar 680 39,620 130 40,430 6,319 832 33,279 89.0 2016 Proj. Feb 833 40,586 123 41,542 6,765 690 34,087 90.6 Mar 832 40,660 123 41,616 6,740 690 34,186 90.8 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2014 237 5,756 28 6,021 805 193 5,022 15.7 2015 Est. Feb 193 5,628 45 5,866 533 200 5,133 16.0 Mar 193 5,627 45 5,865 533 201 5,131 16.0 2016 Proj. Feb 200 5,945 43 6,188 690 250 5,248 16.2 Mar 201 6,010 43 6,254 655 250 5,349 16.5 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2014 912 44,429 147 45,488 8,216 877 36,395 100.4 2015 Est. Feb 877 45,764 177 46,818 6,997 1,041 38,780 106.1 Mar 877 45,769 177 46,822 6,997 1,041 38,785 106.1 2016 Proj. Feb 1,041 47,070 167 48,278 7,593 948 39,737 108.0 Mar 1,041 47,210 167 48,418 7,531 948 39,939 108.6 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2014 2,142 91,870 4,297 98,308 15,652 2,066 80,590 202.1 2015 Est. Feb 2,067 94,279 4,872 101,218 14,209 2,362 84,648 211.1 Mar 2,066 94,284 4,872 101,222 14,209 2,361 84,652 211.1 2016 Proj. Feb 2,362 97,005 4,207 103,574 15,204 2,188 86,182 213.8 Mar 2,361 97,101 4,307 103,769 15,116 2,213 86,440 214.5 1/ Total including farm production for red meats and, for pou ltry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis for red meat an d broilers; certified ready-to-cook weight for turkey. 3/ Population source: Dept. of Commerce, Census Bureau. 4/ Carcass weight for red meats and certified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. March 2016 WASDE - 551 - 33 U.S. Egg Supply and Use Commodity 2013 2014 2015 Est. 2015 Est. 2016 Proj. 2016 Proj. Feb Mar Feb Mar Eggs Million Dozen Supply Beginning Stocks 20.8 23.0 23.3 23.3 31.1 31.1 Production 8,148.7 8,431.4 7,896.0 7,977.3 8,180.0 8,305.0 Imports 16.9 34.7 123.3 123.3 120.0 110.0 Total Supply 8,186.4 8,489.1 8,042.6 8,123.9 8,331.1 8,446.1 Use Exports 371.8 393.8 317.6 317.6 330.0 320.0 Hatching Use 964.8 980.7 995.3 995.4 1,015.0 1,015.0 Ending Stocks 23.0 23.3 31.1 31.1 26.0 26.0 Disappearance Total 6,826.7 7,091.3 6,698.6 6,779.8 6,960.1 7,085.1 Per Capita (number) 258.6 266.6 250.1 253.2 258.3 263.0 Total U.S. Milk Supply and Use Commodity 2013 2014 2015 Est. 2015 Est. 2016 Proj. 2016 Proj. Feb Mar Feb Mar Milk Billion Pounds Production 201.2 206.1 208.5 208.6 211.9 211.6 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 12.2 11.2 11.2 11.2 13.3 13.3 Marketings 200.3 205.1 207.5 207.7 210.9 210.6 Imports 3.7 4.3 5.7 5.7 5.9 7.0 Total Cml. Supply 216.2 220.6 224.4 224.6 230.1 230.9 Fat Basis Use Commercial Exports 12.4 12.4 8.8 8.8 8.3 8.2 Ending Commercial Stocks 11.2 11.2 13.3 13.3 12.2 12.4 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 192.6 196.9 202.4 202.5 209.6 210.3 Skim-solid Basis Supply Beg. Commercial Stocks 12.4 11.7 13.1 13.1 13.8 13.9 Marketings 200.3 205.1 207.5 207.7 210.9 210.6 Imports 5.3 5.6 5.9 5.9 6.2 6.4 Total Cml. Supply 217.9 222.4 226.6 226.7 230.9 230.8 Skim-solid Basis Use Commercial Exports 38.6 39.1 37.3 37.3 37.0 36.3 Ending Commercial Stocks 11.7 13.1 13.8 13.9 14.0 14.1 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 167.7 170.2 175.4 175.5 179.8 180.5 Total Note: Totals may not add due to rounding. March 2016 WASDE - 551 - 34 U.S. Dairy Prices Commodity 2013 2014 2015 Est. 2015 Est. 2016 Proj. 2016 Proj. Feb Mar Feb Mar Product Prices 1/ Dollars Pe r Pound Cheese 1.7683 2.1551 1.6454 1.6454 1.550- 1.620 1.505- 1.565 Butter 1.5451 2.1361 2.0670 2.0670 1.990- 2.090 2.010- 2.100 Nonfat Dry Milk 1.7066 1.7682 0.9016 0.9016 0.775- 0.835 0.770- 0.820 Dry Whey 0.5902 0.6538 0.3804 0.3804 0.230- 0.260 0.230- 0.260 Filler Dollars Pe r Cwt Milk Prices 2/ Class III 17.99 22.34 15.80 15.80 14.05- 14.75 13.60- 14.20 Class IV 19.05 22.09 14.35 14.35 13.00- 13.80 13.05- 13.75 All Milk 3/ 20.05 23.97 17.08 17.08 15.30- 16.00 14.95- 15.55 1/ Simple average of monthly prices calculated by AMS from weekly averag e dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test . 3/ Does not reflect any deductions from producers as authori zed by legislation. March 2016 WASDE - 551 - 35 Reliability of March Projections 1/ Note: Tables on pages 35-37 present a record of the March projec tion and the final Estimate. Usi ng world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0.6 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 1 percent. The average difference between the March proj ection and the final estimate is 2.4 million tons, ranging from 0 million to 8 million tons. The March projection has been below the estimate 25 times and ab ove 9 times. Differences between forecast and final estimate 90 percen t Years Commodity and Region Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final WHEAT Percen t Million Metric Tons Production Worl d 0.6 1.0 2.4 0.0 8.0 25 9 U.S. 0.1 0.2 0.0 0.0 0.3 14 9 Forei gn 0.7 1.1 2.4 0.1 8.0 25 9 Exports Worl d 4.4 7.5 4.3 0.0 17.0 29 5 U.S. 3.2 5.5 0.8 0.0 2.4 19 15 Forei gn 5.4 9.1 4.1 0.2 16.0 27 7 Domestic Use Worl d 1.0 1.6 4.5 0.2 12.2 14 20 U.S. 3.8 6.4 0.9 0.0 2.4 14 20 Forei gn 1.0 1.6 4.2 0.1 11.5 18 16 Endin g Stocks Worl d 4.3 7.3 5.2 0.2 14.1 23 11 U.S. 8.5 14.4 1.1 0.0 4.5 19 15 Forei gn 4.6 7.9 4.6 0.0 13.5 22 11 COARSE GRAINS 2/ Production Worl d 1.1 1.9 9.0 0.5 22.0 29 5 U.S. 0.2 0.3 0.1 0.0 1.3 14 7 Forei gn 1.6 2.7 9.0 0.5 21.9 29 5 Exports Worl d 5.3 9.0 5.0 0.0 24.2 24 10 U.S. 8.2 14.0 3.2 0.0 9.1 15 19 Forei gn 8.4 14.3 4.4 0.1 21.5 23 11 Domestic Use Worl d 0.9 1.6 6.3 0.1 24.2 19 15 U.S. 3.1 5.2 4.1 0.2 17.3 12 22 Forei gn 1.0 1.8 5.7 0.4 17.5 23 11 Endin g Stocks Worl d 8.9 15.2 11.2 0.6 28.2 29 5 U.S. 13.9 23.7 4.8 0.1 15.3 20 14 Forei gn 11.2 19.0 8.5 0.5 27.0 30 4 RICE , milled Production Worl d 1.4 2.3 3.4 0.2 13.8 25 9 U.S. 1.4 2.3 0.0 0.0 0.2 11 6 Forei gn 1.4 2.3 3.4 0.1 13.8 25 9 Exports Worl d 8.3 14.1 1.4 0.1 5.3 28 6 U.S. 6.9 11.8 0.2 0.0 0.5 16 15 Forei gn 9.3 15.8 1.3 0.1 4.9 27 7 Domestic Use Worl d 1.1 1.9 3.0 0.2 9.8 23 11 U.S. 7.0 11.9 0.2 0.0 0.4 13 20 Forei gn 1.1 1.9 2.9 0.2 10.0 23 11 Endin g Stocks Worl d 7.7 13.1 3.5 0.5 14.9 23 11 U.S. 19.7 33.4 0.2 0.0 0.4 19 14 Forei gn 8.1 13.7 3.5 0.3 14.5 23 11 1/ Footnotes at end of table. CONTINUED March 2016 WASDE - 551 - 36 Reliability of March Projections (Continued) 1/ Differences between forecast and final estimate 90 percen t Years Commodity and Region Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final SOYBEANS Percent Million Metric Tons Production World 2.3 3.9 3.1 0.1 12.4 19 15 U.S. 1.4 2.3 0.6 0.0 2.5 15 12 Foreign 3.8 6.5 3.1 0.1 12.6 19 15 Exports World 5.8 9.8 2.5 0.0 11.5 22 11 U.S. 6.3 10.6 1.4 0.1 3.7 24 10 Foreign 15.3 25.9 2.2 0.1 9.5 16 18 Domestic Use World 2.2 3.7 2.8 0.0 11.4 19 15 U.S. 3.1 5.2 1.1 0.0 3.0 23 10 Foreign 2.5 4.3 2.3 0.1 12.8 17 17 Ending Stocks World 13.6 23.1 3.4 0.1 13.9 17 17 U.S. 34.5 58.5 1.8 0.1 5.4 9 25 Foreign 14.3 24.3 2.6 0.1 9.7 22 12 COTTON Million 480-Pound Bales Production World 1.8 3.0 1.3 0.0 5.2 21 11 U.S. 1.0 1.7 0.1 0.0 0.3 13 20 Foreign 2.1 3.6 1.3 0.0 5.3 21 12 Exports World 5.2 8.8 1.3 0.0 6.5 18 15 U.S. 6.5 11.0 0.5 0.0 1.4 15 18 Foreign 6.7 11.3 1.1 0.0 5.8 21 13 Domestic Use World 2.1 3.5 1.4 0.0 6.0 16 18 U.S. 3.7 6.3 0.2 0.0 0.7 19 13 Foreign 3.4 5.8 1.6 0.1 10.0 17 17 Ending Stocks World 8.8 14.8 2.9 0.2 8.5 22 12 U.S. 13.4 22.7 0.5 0.0 1.6 11 23 Foreign 9.6 16.3 2.9 0.0 7.9 24 10 1/ Marketing years 1981/82 through 2014/15 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2014/15. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. March 2016 WASDE - 551 - 37 Reliability of United States March Projections 1/ Differences between forecast and final estimate 90 percen t Years Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final CORN Percent Million Bushels Production 0 . 2 0 . 320 3 812 Exports 8.3 14.1 114 13 292 14 20 Domestic Use 3.0 5.0 143 9 474 13 21 Ending Stocks 15.7 26.6 189 3 713 21 13 SORGHUM Production 0 . 2 0 . 300402 Exports 13.9 23.5 25 0 90 21 11 Domestic Use 14.8 25.0 32 1 178 14 20 Ending Stocks 41.4 70.3 25 1 148 14 20 BARLEY Production 0.7 1.2 1 0 11 14 4 Exports 15.2 25.8 6 0 20 12 19 Domestic Use 5 . 7 9 . 71 4 07 01 41 8 Ending Stocks 12.9 21.8 14 1 53 22 12 OATS Production 0 . 3 0 . 600244 Exports 3 6 . 1 6 1 . 310356 Domestic Use 4 . 8 8 . 21 1 13 61 51 9 Ending Stocks 16.0 27.1 12 1 47 19 15 SOYBEAN MEAL Thousand Short Tons Production 2.9 5.0 859 79 2,328 26 8 Exports 8.9 15.1 557 50 2,150 28 6 Domestic Use 2.5 4.3 560 41 2,066 24 10 Ending Stocks 35.9 60.9 63 0 214 14 18 SOYBEAN OIL Million Pounds Production 2.9 4.9 399 7 1,173 26 8 Exports 18.9 32.1 243 0 750 20 13 Domestic Use 2.4 4.1 287 9 760 22 12 Ending Stocks 17.8 30.3 252 17 721 21 13 ANIMAL PROD. 3/ Million Pounds Beef 2.7 4.5 550 103 1,613 22 11 Pork 3.0 5.0 343 5 1,667 22 11 Broilers 1.6 2.7 332 16 961 19 14 Turkeys 3.0 5.1 122 3 447 18 15 Million Dozen Eggs 1.8 3.0 86 3 534 20 13 Billion Pounds Milk 1.4 2.3 1.6 0.0 5.2 19 12 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2014/15 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2014/15. Calendar years 1983 through 2014 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate pub lished by NASS for 1983-2014. WASDE-551-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oc e/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Produc tion, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 19 0 countries and regions at http://www.fas.usda.gov/psd/online . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric-Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 . WASDE Notification System Subscribers are notified through GovDelivery when the monthly World Agricultural Supply and Demand Estimates (WASDE ) report is available. Previous WASDE reports are available at http://usda.mannlib.cornell.edu/MannUsd a/viewDocumentInfo.do?documentID=1194 For questions contact: Susan Carter at 202-720-5447 or [email protected] World Agricultural Suppl y and Demand Estimates WASDE-551 – March 9, 2016 WASDE Briefing Slides: The briefing slides wh ich accompany today’s WASDE report will be available at http://www.usda.gov/o ce/commodity/wasde/ Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e-mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu . Select the “Reports by E-Mail” bar to sign up. 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January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 605 Approved by the World Agricultural Outlook Board October 9, 2020 WHEAT: The outlook for 2020/21 U.S. wheat this month is for reduced supplies, higher domestic use, unchanged exports, and lower ending stocks. Supplies are reduced by 32 million bushels, on the combination of lower beginning stocks and production as indicated by the NASS Grains Stocks and Small Grains Annual Summary reports, respectively. Partly offsetting are lower imports , with all the reduction for Durum. Domestic use is raised 10 million bushels, all on higher feed and residual use. The NASS Grain Stocks r eport indicated greater first quarter disappearance than previously estimated. Exports remain at 975 million bushels due to offsetting by -class changes. Projected ending stocks are reduced by 42 million bushels to 883 million, which would be the lowest ending stocks in six years. The season -average farm price is raised $0.20 per bushel to $4.70 on reported NASS prices to date and expectations for futures and cash prices for the remainder of the marketing year. The 2020/21 global wheat outlook is for larger supplies, increased consumption, greater exports, and higher stocks. Supplies are raised 2.2 million tons to 1,072.5 million, mostly on Russia’s production increasing 5.0 million tons to 83.0 million, which is the second-largest crop on record, following 2017/18. The increased production is based on updated harvest results as reported by Russia’s Ministry of Agriculture, which imply record -high spring wheat yields. Russia’s increased production more than offsets reductions in Ukraine, Canada, Argent ina, and the United States. Ukraine’s production is lowered 1.5 million tons to 25.5 million, based on Ukraine’s State Statistics Service estimates. Canada’s production is reduced 1.0 million tons to 35.0 million, primarily on the updated Statistics Canada forecast issued September 14. Argentina’s production is lowered 0.5 million tons to 19.0 million on continued dry conditions in some regions. World consumption is increased fractionally to 751.0 million tons, primarily on higher feed and residual usage for Russia and greater food, seed, and industrial use in Pakistan and EU more than offsetting lower feed and residual use for Ukraine and Canada. Projected 2020/21 global trade is raised 0.5 million tons to 189.9 million on higher exports for Russia more than offsetting reductions for Argentina and Ukraine. Russia’s exports are raised 1.5 million tons to 39.0 million, which are the second highest on record. The largest import changes this month are for China and Pakistan, each raised 0.5 million tons. China’s imports are raised on a strong early pace and are now 7.5 million tons, making China the third largest global importer for 2020/21. Pakistan imports are now 1.5 million tons , raising stocks which have been relatively tight recent ly. Projected 2020/21 world ending stocks are raised 2.1 million tons to 321.5 million to a new record, with Russia accounting for most of the increase this month. COARSE GRAINS: This month’s 2020/21 U.S. corn outlook is for lower production, reduced corn used for ethanol and feed and residual use, and smaller ending stocks. Corn production is forecast at 14.722 billion bushels, down 178 million with a reduction in harvested area and a slight decline in yield to 178.4 bushels per acre. Corn supplies are forecast down sharply from last month, on a smaller crop and lower beginning stocks. Corn used for ethanol is down 50 million bushels, based on weekly ethanol production data as reported by the Energy Information Administration into early October. Projected feed and residual use is lowered 50 million bushels WASDE-605-2 based on a reduced crop and higher expected prices. Corn ending stocks for 2020/21 are lowered 336 million bushels. The corn price is raised 10 cents to $3.60 per bushel. Grain sorghum production is forecast higher from last month, with a 0.2-bushel per acre increase in the yield to 74.1 bushels per acre and an increase in harvested area. Global coarse grain production for 2020/21 is forecast lower to 1,458.8 million tons. The 2020/21 foreign coarse grain outlook is for higher production, increased use, and greater stocks relative to last month. Foreign corn production is forecast modestly higher with increases for several countries, including Serbia, Ghana, Kenya, Tanzania, Burkina, and Mali more than offsetting declines for Ukraine and the EU. The projected corn yield for Ukraine is lowered based on reported harvest results to date. Corn exports are raised for Serbia but lowered for Ukraine and the EU. For 2019/20, corn exports for Argentina are raised for the local marketing year beginning March 2020 based on larger -than-expected shipments through September. For 2020/21, corn imports are lowered for the EU, Iran, and Kenya, but raised for Saudi Arabia, Vietnam, and Iraq. Foreign corn ending stocks are higher, mostly reflecting increases for Mexico, the EU, and Canada. Global corn ending stocks, at 300.5 million tons, are down 6.3 million from last month. RICE : The outlook for 2020/21 U.S. rice this month is for increased supplies, unchanged domestic use and exports, and higher ending stocks. Supplies are raised as NASS increased the all rice production forecast by 1.3 million cwt to 226.3 million, on higher harvested area and yields. The all rice yield is forecast at 7,567 pounds per acre, up 38 pounds from the previous forecast. Supplies are also increased on higher projected imports, which are raised by 0.5 million cwt to 37.3 million, with all the increase for long grain. This nearly matches last year’s record imports as strong demand for Asian aromatics is expected to continue for 2020/21. Projected 2020/21 all rice ending stocks are raised 1.8 million cwt to 47.7 million, up 66 percent from last year. The projected 2020/21 all rice season- average farm price is raised $0.20 per cwt to $12.80. The 2020/21 global outlook is for smaller supplies, greater consumption, lower trade, and reduced stocks. Rice supplies are lowered 2.7 million tons to 678.6 million, primarily on reduced beginning stocks for India as its combined 2019/20 consumption and exports are raised 5.0 million tons. India’s consumption is increased on the introduction of government food assistance programs to address economic disruptions caused by COVID -19. India’s exports are raised on its recent robust monthly shipment pace. World production for 2020/21 is raised 1.9 million tons to a record 501.5 million, mainly on higher projected output for India and the Philippines. Global 2020/21 consumption is raised by 3.0 million tons to a record 499.4 million, primarily on increases for India and Thailand. World trade is decreased 0.2 million tons to 44.3 million tons as higher exports for India are more than offset by reductions for Thailand and Pakistan. Projected 2020/21 world ending stocks are lowered 5.7 million tons to 179.2 million, still a record, with China and India accounting for 65 and 18 percent of the total, respectively. OILSEEDS : U.S. oilseed production for 2020/21 is projected at 126.6 million tons, down 1.1 million from last month with lower soybean, peanut, and cottonseed production partly offset with higher canola and sunflowerseed. Soybean production is forecast at 4.3 billion bushels, down 45 million on lower harves ted area . Harvested area is reduced 0.7 million acres to 82.3 million, with reductions for Kansas, North Dakota, and South Dakota. The soybean yield is projected at 51.9 bushels per acre, unchanged from the September forecast . Soybean supplies for 2020/ 21 are forecast at 4.8 billion bushels, down 96 million on lower production and beginning stocks. Despite reduced supplies, soybean exports are raised 75 million bushels on record early -season WASDE-605-3 sales. With smaller supplies and increased exports, ending st ocks are projected at 290 million bushels, down 170 million from last month. The U.S. season- average soybean price for 2020/21 is forecast at $9.80 per bushel, up 55 cents reflecting smaller supplies and higher exports. The soybean meal price is forecast at $335.00 per short ton, up $20.00. The soybean oil price forecast is raised 0.5 cents to 32.5 cents per pound. The 2020/21 foreign oilseed production is lowered 2.6 million tons to 478.9 million mainly on lower sunflowerseed production for Ukraine, the EU, Moldova, and Argentina. Ukraine’s sunflowerseed output is lowered 2 million tons to 15 million on drought conditions during the season and harvest results to date. Dryness also impacted yield prospects for Romania, Bulgaria, and Moldova. Lower sunflowerseed production for Ukraine results in lower global sunflower meal and oil exports. Partly offsetting are higher exports of palm oil from Malaysia and rapeseed meal from Russia. The 2020/21 foreign soybean supply and demand forecasts include lower beginning stocks, higher crush, and lower ending stocks. Beginning stocks are lowered mainly on higher 2019/20 crush for China that is partly offset by lower exports and higher stocks for Brazil. The 2020/21 soybean imports, crush, and meal con sumption are higher for China, Bangladesh, Thailand, and Vietnam , aligning with prior year increases in domestic meal use. Argentina’s exports are lowered 0.5 million tons due to stronger competition from the United States. With lower supplies in the United States and higher foreign use, global ending stocks are reduced 4.9 million tons to 88.7 million. SUGAR: U.S. beet sugar production for 2019/20 is increased by 50,000 short tons, raw value (STRV) to 4.293 million due to an increase in projected Augus t-September production from the 2020/21 crop year sugarbeet harvest. Beet sugar production for 2020/21 is increased by 41,095 STRV to 5.206 million on a 1.9 percent increase made by NASS for sugarbeet area less the projected 50,000-STRV produced in August and September. Similarly, cane sugar production in Louisiana for 2019/20 is increased by 90,243 STRV on stronger -than-expected production occurring in September. However, the consequent decrease in fiscal year 2020/21 production to 1.785 million STRV is only 65,246 because it is expected that the recent trend toward increased September production in Louisiana will continue. The projection for September 2021 is 54,754 STRV, the average of the previous five years. Many exporters with raw sugar TRQ access have taken advantage of the extension of the quota - year to the end of October by deferring shipments expected in September into October. The 22,047 STRV shortfall linked to the September TRQ increase is eliminated because allocations made by USTR after last month’s WASDE to Brazil and Australia are expected to be filled. Estimated re -export imports for 2019/20 are increased to 432,405 STRV and high- tier imports for 2019/20 are increased to 250,631 STRV. Both of these changes are made on the basis of Customs reporting. Deliveries for human consumption for 2019/20 are increased by 50,000 STRV to 12,220 million on the pace to date. Deliveries for 2020/21 correspondingly are increased by 50,000 STRV to 12,220 million. Exports for 2019/20 are increased by 10,000 STRV to 45,000 on the pace to date. Ending stocks for 2019/20 are estimated at 1.702 million for an ending stocks -to-use ratio of 13.8 percent. Ending stocks for 2020/21 are projected at 1.749 million STRV for an ending stocks-to -use ratio of 14.2 percent. WASDE-605-4 Mexico sugar supply and use for 2019/20 has small changes including an increase in imports of sugar for consumption, a small decrease for exports to non-U.S. destinations, and reduced deliveries with a decrease in those for consumption only partially offset by an increase for the IMMEX program. These changes are made on the basis of the pace to date. The net result is to increase ending stocks by 39,505 metric tons (MT). High Fructose Corn Syrup (HFCS) deliveries for 2019/20 are reduced by 30,000 MT, dry weight, to 1.380 million on the current pace. For 2020/21, deliveries to IMMEX are increased by 20,000 MT. There is a small increase in ending stocks based on delivery projections for the initial 2.5-month period in 2021/22 before the production campaign begins. Exports to non-U.S. destinations are residually increased by 15,338 MT. Projected deliveries of HFCS for 2020/21 are unchanged at 1.470 million MT, dry weight. LIVESTOCK, POULTRY, AND DAIRY : The forecast for 2020 total red meat and poultry production is raised from last month. Beef production is raised from the previous month on higher expected second-half cattle slaughter. The pork production forecast is reduced on lower second-half commercial hog slaughter and lighter carcass weights. The broiler and turkey production forecasts are raised on production data to date . The egg production forecast is raised slightly from last month. For 2021, the total red meat and poultry forecast is raised from the previous month on higher expected beef, pork , and broiler production. Beef production is raised from last month on higher expected steer and heifer slaughter. Pork production is raised on higher forecast commercial hog slaughter. The 2021 broiler production forecast is also raised from last month on slightly more rapid production growth, but the turkey production forecast is unchanged. Egg supply and use tables are revised to reflect changes in egg stock numbers. Information on the changes and historical supply and use data can be found at: https://www.usda.gov/oce/commodity -markets/wasde/historical -revisions The 2020 beef import forecast is raised on recent trade data and continued firm import demand for processing grade beef, while exports are unchanged. For 2021, the beef import forecast is raised, while the beef export forecast is lowered on slower expected global demand. The 2020 and 2021 pork export forecasts are lowered from last month on weakness in global import demand. The 2020 and 2021 broiler export forecasts are raised from last month. Egg exports for 2020 are raised slightly, but no change is made to the 2021 export forecast. The cattle price forecasts for 2020 is raised on current price strength and robust beef demand; this increase in price strength was carried into early 2021. Hog price forecasts are raised for 2020 and 2021 on current price movements and continued strength in demand. The 2020 broiler price forecast is virtua lly unchanged from last month but is reduced for 2021 on expected supply pressure. The turkey price forecasts for 2020 and 2021 are raised. The 2020 egg price forecast is increased on current strength in prices, but 2021 price forecast is unchanged. The milk production forecast for 2020 is raised from the previous month on slightly higher cow numbers and a more rapid pace of growth in milk per cow. For 2020, the fat basis import forecast is unchanged while the export forecast is reduced on lower exports of butterfat products. The skim-solids import forecast remains unchanged, but the export forecast is reduced on lower dry whey and lactose shipments. Cheese and nonfat dry milk (NDM) price forecasts are raised from last month, while the whey forecast is unchanged. The 2020 forecast for butter is reduced. The Class III price forecast is raised on the higher cheese price forecast. The Class IV price forecast is also raised as the higher NDM price more than offsets the lower butter price forecast. The all milk price forecast is raised to $18.00 per cwt. WASDE-605-5 For 2021, a larger dairy herd and higher milk per cow are expected to support higher milk production from last month. The fat basis import forecast is unchanged, while the fat basis export forecast is lowered on weak global import demand for butterfat products. The skim -solids basis import forecast is unchanged, while the export forecast is raised on expected robust international demand for skim milk powder and whey products. Dairy product price fore casts for cheese, butter, NDM , and whey are raised from last month. Class III and Class IV price forecasts are raised on higher product prices. The all milk price forecast is raised to $17.60 per cwt for 2021. COTTON : The 2020/21 U.S. cotton supply and demand estimates show marginally lower production compared with last month. Production is lowered less than 1 percent, to 17.0 million bales. Domestic mill use, exports, and ending stocks are unchanged. At 7.2 million bales, U.S. ending stocks in 2020/21 are projected at 42 percent of use, compared with 41 percent in 2019/20. The 2020/21 season-average price for upland cotton is forecast at 61.0 cents per pound, 2 cents higher than last month and slightly above the final 2019/20 price of 59.6 cents. The 2020/21 world cotton supply and demand forecasts feature lower production, higher consumption and trade, and lower ending stocks compared with last month. Production is lowered more than 900,000 bales with declines in Mali, Pakistan, and Gree ce offsetting a larger expected crop in Nigeria. Consumption is 1.5 million bales higher, largely reflecting revisions for China and India. World trade is projected about 500,000 bales higher this month, reflecting a 500,000- bale increase in China’s projected imports, and on the export side , higher exports by Brazil and Uzbekistan offsetting a decline for Mali. World ending stocks in 2020/21 are now projected 2.7 million bales lower than in September, at 101.1 million bales, equivalent to 89 percent of c onsumption. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Mark Jekanowski, (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY : BILL NORTHEY SECRETARY OF AGRICULTURE DESIGNATE WASDE-605-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone , (Acting) ICEC Chair, WAOB, mark .simone @usda.gov Jennifer Bond, ERS; Graham Soley , FAS; Pete Riley, FPAC. Rice: Mark Simone, (Acting) ICEC Chair, WAOB, m [email protected] Nathan Childs, ERS; Rachel Trego , FAS; Vidalina Abadam, FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Tom Capehart, ERS; Yoonhee Macke, FAS; Sharon Raszap, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Mark Ash, ERS; Bill George, FAS; Gustavo Ferreira , FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; James Johnson, FAS; Kent Lanclos , FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Andrew Sowell, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Lindsay Kuberka , FAS; Georgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Kim Ha, ERS; Claire Mezoughem, FAS; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS ; Georgi Gabrielyan, FPAC. In 2020, the WASDE report will be released on Nov 10, and Dec 10. In 2021, the WASDE report will be released on Jan 12, Feb 9, Mar 9, Apr 9, May 12, Jun 10, Jul 12, Aug 12, Sep 10, Oct 12, Nov 9, and Dec 9. WASDE-605-7 T A B L E OF C O N T E N T S Page Highlights ................................................................................................................. 1 Interagency Commodity Estimates Committees ...................................................... 6 World & U.S. Supply & Use for Grains .................................................................... 8 World & U.S. Supply & Use for Cotton .................................................................... 9 World & U.S. Supply & Use for Oilseeds ............................................................... 10 U.S. Wheat Supply & Use ...................................................................................... 11 U.S. Wheat Supply & Use by Class ....................................................................... 11 U.S. Feed Grain & Corn Supply & Use .................................................................. 12 U.S. Sorghum, Barley & Oats Supply & Use ......................................................... 13 U.S. Rice Supply & Use ......................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................. 15 U.S. Sugar Supply & Use ...................................................................................... 16 Mexico Sugar Supply and Use .............................................................................. 16 U.S. Cotton Supply & Use ..................................................................................... 17 World Wheat Supply & Use ................................................................................... 18 World Coarse Grains Supply & Use ...................................................................... 20 World Corn Supply & Use ...................................................................................... 22 World Rice Supply & Use ...................................................................................... 24 World Cotton Supply & Use ................................................................................... 26 World Soybean Supply & Use ............................................................................... 28 World Soybean Meal Supply & Use ....................................................................... 29 World Soybean Oil Supply & U se .......................................................................... 30 U.S. Quarterly Animal Product Production ............................................................ 31 U.S. Quarterly Prices for Animal Products ............................................................. 31 U.S. Meats Supply and Use ................................................................................... 32 U.S. Egg Supply & Use .......................................................................................... 33 U.S. Milk Supply and Use ...................................................................................... 33 U.S. Dairy Prices ................................................................................................... 34 Reliability Tables ................................................................................................... 35 Related USDA Reports .......................................................................................... 38 Metric Conve rsion Factors ..................................................................................... 38 Electronic Access and Subscriptions ...................................................................... 40 October 2020 WASDE - 605 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2018/19 2625.19 3447.76 429.35 2640.27 807.49 2019/20 (Est.) 2670.99 3478.48 440.85 2669.55 808.93 filler filler filler filler filler 2020/21 (Proj.) Sep 2730.33 3549.42 458.02 2707.98 841.45 2020/21 (Proj.) Oct 2733.40 3542.33 457.11 2711.14 831.19 filler filler filler filler filler Wheat 2018/19 730.93 1019.24 173.61 735.24 284.01 2019/20 (Est.) 764.49 1048.49 191.54 749.10 299.40 filler filler filler filler filler 2020/21 (Proj.) Sep 770.49 1070.27 189.44 750.90 319.37 2020/21 (Proj.) Oct 773.08 1072.48 189.92 751.03 321.45 filler filler filler filler filler Coarse Grains 5/ 2018/19 1397.56 1767.63 212.01 1420.73 346.90 2019/20 (Est.) 1410.72 1757.62 207.01 1425.20 332.42 filler filler filler filler filler 2020/21 (Proj.) Sep 1460.26 1797.90 224.09 1460.66 337.25 2020/21 (Proj.) Oct 1458.84 1791.26 222.87 1460.67 330.59 filler filler filler filler filler Rice, milled 2018/19 496.71 660.88 43.72 484.30 176.58 2019/20 (Est.) 495.78 672.36 42.30 495.25 177.11 filler filler filler filler filler 2020/21 (Proj.) Sep 499.58 681.25 44.50 496.42 184.83 2020/21 (Proj.) Oct 501.47 678.59 44.32 499.44 179.15 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2018/19 436.32 532.30 83.45 357.57 91.28 2019/20 (Est.) 417.88 516.31 79.77 353.91 82.63 filler filler filler filler filler 2020/21 (Proj.) Sep 449.79 546.97 95.48 358.20 93.28 2020/21 (Proj.) Oct 445.08 534.98 95.51 355.81 83.67 filler filler filler filler filler Wheat 2018/19 51.31 84.88 25.50 29.99 29.39 2019/20 (Est.) 52.58 84.83 26.28 30.57 27.98 filler filler filler filler filler 2020/21 (Proj.) Sep 50.01 81.96 26.54 30.24 25.19 2020/21 (Proj.) Oct 49.69 81.07 26.54 30.51 24.03 filler filler filler filler filler Coarse Grains 5/ 2018/19 377.91 438.46 54.97 323.02 60.47 2019/20 (Est.) 359.43 423.01 50.51 318.77 53.74 filler filler filler filler filler 2020/21 (Proj.) Sep 392.63 455.79 65.81 323.34 66.64 2020/21 (Proj.) Oct 388.20 444.63 65.83 320.68 58.13 filler filler filler filler filler Rice, milled 2018/19 7.11 8.96 2.97 4.57 1.42 2019/20 (Est.) 5.86 8.47 2.99 4.57 0.91 filler filler filler filler filler 2020/21 (Proj.) Sep 7.14 9.22 3.14 4.62 1.46 2020/21 (Proj.) Oct 7.19 9.28 3.14 4.62 1.52 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). October 2020 WASDE - 605 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2018/19 2,188.88 2,915.46 345.90 2,282.70 716.21 2019/20 (Est.) 2,253.11 2,962.17 361.08 2,315.64 726.30 filler filler filler filler filler 2020/21 (Proj.) Sep 2,280.54 3,002.46 362.54 2,349.78 748.16 2020/21 (Proj.) Oct 2,288.32 3,007.35 361.60 2,355.33 747.52 filler filler filler filler filler Wheat 2018/19 679.62 934.37 148.11 705.25 254.62 2019/20 (Est.) 711.90 963.67 165.26 718.53 271.42 filler filler filler filler filler 2020/21 (Proj.) Sep 720.48 988.31 162.90 720.67 294.18 2020/21 (Proj.) Oct 723.39 991.41 163.39 720.52 297.43 filler filler filler filler filler Coarse Grains 5/ 2018/19 1,019.65 1,329.17 157.04 1,097.72 286.43 2019/20 (Est.) 1,051.29 1,334.61 156.51 1,106.43 278.68 filler filler filler filler filler 2020/21 (Proj.) Sep 1,067.63 1,342.11 158.28 1,137.31 270.61 2020/21 (Proj.) Oct 1,070.64 1,346.63 157.04 1,140.00 272.47 filler filler filler filler filler Rice, milled 2018/19 489.60 651.92 40.75 479.73 175.16 2019/20 (Est.) 489.92 663.89 39.31 490.68 176.20 filler filler filler filler filler 2020/21 (Proj.) Sep 492.43 672.03 41.35 491.80 183.38 2020/21 (Proj.) Oct 494.29 669.31 41.17 494.82 177.63 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2018/19 118.58 199.51 41.41 120.18 80.20 2019/20 (Est.) 121.83 202.03 40.89 102.05 99.21 filler filler filler filler filler 2020/21 (Proj.) Sep 117.20 216.65 41.72 112.69 103.84 2020/21 (Proj.) Oct 116.27 215.48 42.24 114.21 101.13 filler filler filler filler filler United States 2018/19 18.37 22.57 14.84 2.98 4.85 2019/20 (Est.) 19.91 24.77 15.53 2.15 7.25 filler filler filler filler filler 2020/21 (Proj.) Sep 17.06 24.32 14.60 2.50 7.20 2020/21 (Proj.) Oct 17.05 24.30 14.60 2.50 7.20 filler filler filler filler filler Foreign 4/ 2018/19 100.21 176.94 26.57 117.21 75.35 2019/20 (Est.) 101.92 177.26 25.36 99.90 91.96 filler filler filler filler filler 2020/21 (Proj.) Sep 100.14 192.33 27.12 110.19 96.64 2020/21 (Proj.) Oct 99.23 191.18 27.64 111.71 93.93 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. October 2020 WASDE - 605 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2018/19 600.82 717.54 170.42 489.03 132.40 2019/20 (Est.) 576.95 709.34 189.90 505.78 108.82 filler filler filler filler filler 2020/21 (Proj.) Sep 609.15 720.83 189.56 515.06 106.98 2020/21 (Proj.) Oct 605.50 714.32 190.97 514.80 101.18 filler filler filler filler filler Oilmeals 2018/19 332.77 349.85 93.73 328.92 15.09 2019/20 (Est.) 344.56 359.65 93.38 342.17 13.33 filler filler filler filler filler 2020/21 (Proj.) Sep 352.80 365.90 94.30 350.19 12.14 2020/21 (Proj.) Oct 353.33 366.66 94.11 350.63 12.49 filler filler filler filler filler Vegetable Oils 2018/19 203.64 226.84 85.81 200.09 22.17 2019/20 (Est.) 206.58 228.75 86.78 201.81 21.93 filler filler filler filler filler 2020/21 (Proj.) Sep 209.73 231.39 86.61 207.14 20.07 2020/21 (Proj.) Oct 209.62 231.55 86.26 207.32 19.80 filler filler filler filler filler United States Output Tota l Supply Tra de Tota l Use 2/ Ending Stocks Oilseeds 2018/19 130.72 145.66 48.82 61.03 26.54 2019/20 (Est.) 106.98 134.74 46.89 63.10 15.94 filler filler filler filler filler 2020/21 (Proj.) Sep 127.72 146.31 59.10 63.55 14.24 2020/21 (Proj.) Oct 126.65 143.74 61.15 63.57 9.58 filler filler filler filler filler Oilmeals 2018/19 46.52 51.02 12.50 38.10 0.42 2019/20 (Est.) 48.71 53.27 12.91 39.93 0.42 filler filler filler filler filler 2020/21 (Proj.) Sep 49.04 53.30 12.55 40.33 0.42 2020/21 (Proj.) Oct 49.05 53.33 12.55 40.36 0.42 filler filler filler filler filler Vegetable Oils 2018/19 12.20 18.14 1.09 15.88 1.16 2019/20 (Est.) 12.64 18.76 1.49 16.11 1.16 filler filler filler filler filler 2020/21 (Proj.) Sep 12.80 18.99 1.40 16.37 1.23 2020/21 (Proj.) Oct 12.81 18.94 1.41 16.37 1.16 filler filler filler filler filler Foreign 3/ Output Tota l Supply Tra de Tota l Use 2/ Ending Stocks Oilseeds 2018/19 470.11 571.88 121.60 428.00 105.86 2019/20 (Est.) 469.97 574.61 143.02 442.68 92.89 filler filler filler filler filler 2020/21 (Proj.) Sep 481.43 574.52 130.47 451.51 92.74 2020/21 (Proj.) Oct 478.85 570.58 129.82 451.23 91.60 filler filler filler filler filler Oilmeals 2018/19 286.24 298.83 81.23 290.82 14.67 2019/20 (Est.) 295.85 306.38 80.46 302.23 12.91 filler filler filler filler filler 2020/21 (Proj.) Sep 303.76 312.59 81.76 309.86 11.72 2020/21 (Proj.) Oct 304.28 313.33 81.56 310.28 12.06 filler filler filler filler filler Vegetable Oils 2018/19 191.44 208.70 84.72 184.21 21.01 2019/20 (Est.) 193.94 209.99 85.28 185.70 20.77 filler filler filler filler filler 2020/21 (Proj.) Sep 196.93 212.40 85.22 190.78 18.84 2020/21 (Proj.) Oct 196.81 212.61 84.85 190.95 18.64 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. October 2020 WASDE - 605 - 11 U.S. Wheat Supply and Use 1/ 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Sep Oct Million Acres Area Planted 47.8 45.5 44.3 44.3 Area Harvested 39.6 37.4 36.7 36.7 Bushels Yield per Harvested Acre 47.6 51.7 50.1 49.7 Million Bushels Beginning Stocks 1,099 1,080 1,044 1,028 Production 1,885 1,932 1,838 1,826 Imports 135 105 130 125 Supply, Total 3,119 3,117 3,011 2,979 Food 955 962 960 960 Seed 59 60 61 61 Feed and Residual 88 102 90 100 Domestic, Total 1,102 1,123 1,111 1,121 Exports 937 965 975 975 Use, Total 2,039 2,089 2,086 2,096 Ending Stocks 1,080 1,028 925 883 Avg. Farm Price ($/bu) 2/ 5.16 4.58 4.50 4.70 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2019/20 (Est.) Beginning Stocks 516 263 158 88 55 1,080 Production 845 520 240 273 54 1,932 Supply, Total 3/ 1,363 836 402 367 150 3,117 Domestic Use 480 288 204 85 66 1,123 Exports 376 268 92 187 42 965 Use, Total 857 556 297 272 108 2,089 Ending Stocks, Total 506 280 105 95 42 1,028 2020/21 (Proj.) Beginning Stocks 506 280 105 95 42 1,028 Production 659 530 266 302 69 1,826 Supply, Total 3/ 1,170 870 381 402 156 2,979 Domestic Use 426 312 199 95 89 1,121 Exports 410 270 80 185 30 975 Use, Total 836 582 279 280 119 2,096 Ending Stocks, Total Oct 334 288 102 122 37 883 Ending Stocks, Total Sep 385 293 108 104 36 925 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. October 2020 WASDE - 605 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Sep Oct Million Acres Area Planted 99.9 100.6 103.6 102.4 Area Harvested 89.2 89.1 91.5 90.7 Metric Tons Yield per Harvested Acre 4.24 4.03 4.29 4.28 Million Metric Tons Beginning Stocks 57.9 60.5 60.4 53.7 Production 377.7 359.2 392.3 387.9 Imports 2.3 2.8 2.4 2.4 Supply, Total 437.9 422.4 455.2 444.0 Feed and Residual 142.9 152.6 151.7 150.4 Food, Seed & Industrial 179.6 165.6 171.0 169.7 Domestic, Total 322.5 318.2 322.8 320.1 Exports 55.0 50.5 65.8 65.8 Use, Total 377.5 368.7 388.6 385.9 Ending Stocks 60.5 53.7 66.6 58.1 CORN 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. September October Million Acres Area Planted 88.9 89.7 92.0 91.0 Area Harvested 81.3 81.3 83.5 82.5 Bushels Yield per Harvested Acre 176.4 167.5 178.5 178.4 Million Bushels Beginning Stocks 2,140 2,221 2,253 1,995 Production 14,340 13,620 14,900 14,722 Imports 28 42 25 25 Supply, Total 16,509 15,883 17,178 16,742 Feed and Residual 5,429 5,827 5,825 5,775 Food, Seed & Industrial 2/ 6,793 6,282 6,525 6,475 Ethanol & by -products 3/ 5,378 4,852 5,100 5,050 Domestic, Total 12,222 12,109 12,350 12,250 Exports 2,066 1,778 2,325 2,325 Use, Total 14,288 13,887 14,675 14,575 Ending Stocks 2,221 1,995 2,503 2,167 Avg. Farm Price ($/bu) 4/ 3.61 3.56 3.50 3.60 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data -products/feed-grains- database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. October 2020 WASDE - 605 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Sep Oct Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 5.7 5.3 5.6 5.8 Area Harvested (mil. acres) 5.1 4.7 4.8 5.0 Yield (bushels/acre) 72.1 73.0 73.9 74.1 Beginning Stocks 35 64 35 29 Production 365 341 358 371 Imports 0 0 0 0 Supply, Total 400 405 393 400 Feed and Residual 138 97 70 70 Food, Seed & Industrial 106 75 40 40 Total Domestic 244 172 110 110 Exports 93 204 260 260 Use, Total 336 376 370 370 Ending Stocks 64 29 23 30 Avg. Farm Price ($/bu) 2/ 3.26 3.34 3.50 3.60 Filler Filler Filler Filler Filler BARLEY 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. September October Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.5 2.8 2.8 2.6 Area Harvested (mil. acres) 2.0 2.2 2.2 2.1 Yield (bushels/acre) 77.5 77.7 78.8 77.5 Beginning Stocks 94 87 80 80 Production 154 172 176 165 Imports 6 7 7 7 Supply, Total 254 266 263 253 Feed and Residual 15 44 30 25 Food, Seed & Industrial 148 136 143 143 Total Domestic 162 180 173 168 Exports 5 6 5 6 Use, Total 167 186 178 174 Ending Stocks 87 80 85 79 Avg. Farm Price ($/bu) 2/ 4.62 4.69 4.45 4.55 Filler Filler Filler Filler Filler OATS 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. September October Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.7 2.8 3.1 3.0 Area Harvested (mil. acres) 0.9 0.8 1.0 1.0 Yield (bushels/acre) 64.9 64.3 65.0 65.1 Beginning Stocks 41 38 37 37 Production 56 53 65 65 Imports 86 92 96 94 Supply, Total 184 183 198 196 Feed and Residual 66 63 75 75 Food, Seed & Industrial 78 81 79 79 Total Domestic 144 144 154 154 Exports 2 2 2 2 Use, Total 146 146 156 156 Ending Stocks 38 37 42 40 Avg. Farm Price ($/bu) 2/ 2.66 2.82 2.70 2.70 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. October 2020 WASDE - 605 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Sep Oct Million Acres Area Planted 2.95 2.54 3.04 3.04 Area Harvested 2.91 2.47 2.99 2.99 Filler Pounds Yield per Harvested Acre 7,692 7,471 7,529 7,567 Million Hundredweight Beginning Stocks 2/ 29.4 44.9 28.7 28.7 Production 223.8 184.7 225.0 226.3 Imports 29.0 37.3 36.8 37.3 Supply, Total 282.2 266.8 290.4 292.2 Domestic & Residual 3/ 143.8 144.0 145.5 145.5 Exports, Total 4/ 93.6 94.2 99.0 99.0 Rough 33.3 31.2 36.0 36.0 Milled (rough equiv.) 60.3 62.9 63.0 63.0 Use, Total 237.3 238.2 244.5 244.5 Ending Stocks 44.9 28.7 45.9 47.7 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 12.60 13.20 12.60 12.80 Tota l LONG -GRAIN RICE 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. September October Harvested Acres (mil.) 2.18 1.73 Yield (pounds/acre) 7,517 7,261 Beginning Stocks 20.3 32.6 16.9 16.9 Production 163.6 125.6 168.9 170.0 Supply, Total 7/ 207.3 188.0 214.8 216.4 Domestic & Residual 3/ 108.5 106.4 111.0 111.0 Exports 8/ 66.2 64.6 71.0 71.0 Use, Total 174.7 171.1 182.0 182.0 Ending Stocks 32.6 16.9 32.8 34.4 Avg. Farm Price ($/cwt) 6/ 10.80 12.00 11.30 11.50 Filler Filler Filler Filler Filler MEDIUM & SHORT -GRAIN RICE 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. September October Harvested Acres (mil.) 0.73 0.74 Yield (pounds/acre) 8,209 7,960 Beginning Stocks 7.6 10.2 10.7 10.7 Production 60.3 59.1 56.0 56.4 Supply, Total 7/ 72.8 77.8 74.5 74.8 Domestic & Residual 3/ 35.3 37.6 34.5 34.5 Exports 8/ 27.3 29.6 28.0 28.0 Use, Total 62.6 67.1 62.5 62.5 Ending Stocks 10.2 10.7 12.0 12.3 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 18.50 16.50 16.40 16.50 California 10/ 21.10 18.70 18.80 18.80 Other States 1/ 12.30 11.60 11.40 11.60 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2015/16- 2.9; 2016/17 -3.5; 2017/18- 1.4. 3/ Residual includes unreported use, processing loss es, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing- year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short -grain season -average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecast s based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the preliminary California SAFP forecast and the final price has averaged $1.00 per cwt from 2014/15- 2018/19, with a high of $3.50 per cwt in 2017/18 and a low of -$0.20 per cwt in 2015/16. 10/ Marketing year beginning October 1. October 2020 WASDE - 605 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Sep Oct Filler Filler Filler Filler Filler Million Acres Area Planted 89.2 76.1 83.8 83.1 Area Harvested 87.6 74.9 83.0 82.3 Filler Bushels Yield per Harvested Acre 50.6 47.4 51.9 51.9 Million Bushels Beginning Stocks 438 909 575 523 Production 4,428 3,552 4,313 4,268 Imports 14 15 15 15 Supply, Total 4,880 4,476 4,903 4,806 Crushings 2,092 2,165 2,180 2,180 Exports 1,752 1,676 2,125 2,200 Seed 88 96 100 100 Residual 39 16 38 36 Use, Total 3,971 3,953 4,442 4,516 Ending Stocks 909 523 460 290 Avg. Farm Price ($/bu) 2/ 8.48 8.57 9.25 9.80 Tota l SOYBEAN OIL 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. September October Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,995 1,775 1,845 1,740 Production 4/ 24,197 24,890 25,265 25,265 Imports 397 325 350 350 Supply, Total 26,590 26,990 27,460 27,355 Domestic Disappearance 22,874 22,450 23,000 23,000 Biodiesel 3/ 7,863 7,850 8,000 8,100 Food, Feed & other Industrial 15,011 14,600 15,000 14,900 Exports 1,940 2,800 2,600 2,600 Use, Total 24,815 25,250 25,600 25,600 Ending stocks 1,775 1,740 1,860 1,755 Avg. Price (c/lb) 2/ 28.26 29.67 32.00 32.50 Tota l SOYBEAN MEAL 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. September October Filler 1 2 3 4 Thousand Short Tons Beginning Stocks 555 402 400 400 Production 4/ 48,814 51,028 51,400 51,400 Imports 683 620 400 400 Supply, Total 50,052 52,050 52,200 52,200 Domestic Disappearance 36,212 37,750 38,300 38,300 Exports 13,438 13,900 13,500 13,500 Use, Total 49,650 51,650 51,800 51,800 Ending Stocks 402 400 400 400 Avg. Price ($/s.t.) 2/ 308.28 299.50 315.00 335.00 Tota l Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only bio diesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,170 million bushels for 2019/20 and 2,180 million bushels for 2020/21. October 2020 WASDE - 605 - 16 U.S. Sugar Supply and Use 1/ 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Sep Oct Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 2,008 1,783 1,745 1,702 Production 2/ 8,999 8,128 9,292 9,268 Beet Sugar 4,939 4,293 5,165 5,206 Cane Sugar 4,060 3,835 4,127 4,062 Florida 2,005 2,106 2,135 2,135 Hawaii 0 0 0 0 Louisiana 1,907 1,603 1,850 1,785 Texas 147 126 142 142 Imports 3,070 4,136 2,913 3,120 TRQ 3/ 1,541 2,071 1,624 1,832 Other Program 4/ 438 432 350 350 Other 5/ 1,092 1,633 938 938 Mexico 1,000 1,382 888 888 Total Supply 14,077 14,047 13,949 14,089 Exports 35 45 35 35 Deliveries 12,231 12,300 12,255 12,305 Food 12,106 12,200 12,150 12,200 Other 6/ 126 100 105 105 Miscellaneous 28 0 0 0 Total Use 12,294 12,345 12,290 12,340 Ending Stocks 1,783 1,702 1,659 1,749 Stocks to Use Ratio 14.5 13.8 13.5 14.2 Tota l 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2019/20 and 2020/21 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2019/20, WTO raw sugar TRQ shortfall (55) and for 2020/21 (99). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Imports from Mexico; and high- tier tariff sugar and syrups not otherwise specified -- for 2019/20 (251) and 2020/21 (50). 6/ Transfers accompanying deliveries for sugar- containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license t ransfers for SCP and POLY inclusive of WASDE - reported deliveries: 2018/19 -- 374; estimated 2019/20 -- 340; projected 2020/21 -- 353. Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2019/20 Est. Sep 1,169 5,278 105 4,518 1,222 812 2019/20 Est. Oct 1,169 5,278 110 4,488 1,218 852 2020/21 Proj. Sep 812 6,000 89 4,468 1,502 931 2020/21 Proj. Oct 852 6,000 89 4,488 1,518 935 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2018/19 = 1,528; Estimated 2019/20 = 1,380; Projected 2020/21 = 1,470; Estimated Oct -Aug 2019/20 = 1,267, Oct -Aug 2018/19 =1,401. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2019/20 (385 est =320 dom.+65 import); 2020/21 (415 proj =350 dom.+65 import). Statistical Adjustments: 2019/20 (0), 2020/21 (0). October 2020 WASDE - 605 - 17 U.S. Cotton Supply and Use 1/ 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Sep Oct Filler Filler Filler Filler Filler Area Million Acres Planted 14.10 13.74 12.12 12.12 Harvested 9.99 11.61 9.01 9.01 Filler Pounds Yield per Harvested Acre 882 823 910 909 Million 480 Pound Bales Beginning Stocks 4.20 4.85 7.25 7.25 Production 18.37 19.91 17.06 17.05 Imports 0.00 0.00 0.00 0.00 Supply, Total 22.57 24.77 24.32 24.30 Domestic Use 2.98 2.15 2.50 2.50 Exports, Total 14.84 15.53 14.60 14.60 Use, Total 17.81 17.68 17.10 17.10 Unaccounted 2/ -0.09 -0.16 0.02 0.00 Ending Stocks 4.85 7.25 7.20 7.20 Avg. Farm Price 3/ 70.3 59.6 59.0 61.0 Tota l Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. October 2020 WASDE - 605 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 288.32 730.93 170.74 139.69 735.24 173.61 284.01 World Less China 157.12 599.50 167.60 119.69 610.24 172.61 144.24 United States 29.91 51.31 3.66 2.41 29.99 25.50 29.39 Total Foreign 258.41 679.62 167.08 137.28 705.25 148.11 254.62 Major Exporters 4/ 43.93 302.73 7.31 81.91 194.74 120.77 38.46 Argentina 0.47 19.50 0.01 0.05 6.05 12.19 1.74 Australia 5.55 17.60 0.50 5.70 9.20 9.01 5.44 Canada 6.73 32.20 0.48 4.16 9.14 24.38 5.89 European Union 5/ 17.94 136.69 5.76 51.50 121.05 23.31 16.02 Russia 12.01 71.69 0.45 18.00 40.50 35.86 7.78 Ukraine 1.24 25.06 0.11 2.50 8.80 16.02 1.59 Major Importers 6/ 177.58 199.78 111.34 38.36 294.23 12.38 182.08 Bangladesh 2.23 1.10 5.10 0.28 7.18 0.00 1.26 Brazil 1.31 5.43 7.02 0.50 12.10 0.60 1.06 China 131.20 131.43 3.15 20.00 125.00 1.01 139.77 Japan 1.23 0.86 5.73 0.70 6.45 0.29 1.08 N. Africa 7/ 14.87 21.00 26.96 2.25 46.10 1.19 15.53 Nigeria 0.20 0.06 4.66 0.05 4.32 0.40 0.20 Sel. Mideast 8/ 15.14 17.88 17.23 3.45 37.70 0.63 11.91 Southeast Asia 9/ 5.51 0.00 26.37 8.14 25.34 1.10 5.44 Selected Other India 13.23 99.87 0.02 5.00 95.63 0.50 16.99 Kazakhstan 2.54 13.95 0.09 1.80 6.60 8.30 1.68 2019/20 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 284.01 764.49 183.84 139.14 749.10 191.54 299.40 World Less China 144.24 630.90 178.47 120.14 623.10 190.49 147.71 United States 29.39 52.58 2.86 2.77 30.57 26.28 27.98 Total Foreign 254.62 711.90 180.99 136.37 718.53 165.26 271.42 Major Exporters 4/ 38.46 325.03 6.66 81.11 195.16 141.55 33.43 Argentina 1.74 19.76 0.01 0.05 6.30 13.50 1.70 Australia 5.44 15.20 0.75 4.90 8.40 9.50 3.49 Canada 5.89 32.35 0.68 4.16 9.26 24.63 5.03 European Union 5/ 16.02 154.94 4.80 52.50 122.50 38.43 14.83 Russia 7.78 73.61 0.33 17.00 40.00 34.49 7.23 Ukraine 1.59 29.17 0.10 2.50 8.70 21.01 1.15 Major Importers 6/ 182.08 202.53 121.24 36.59 297.20 12.74 195.92 Bangladesh 1.26 1.20 6.80 0.30 7.40 0.00 1.86 Brazil 1.06 5.20 7.20 0.50 12.10 0.42 0.94 China 139.77 133.59 5.38 19.00 126.00 1.05 151.68 Japan 1.08 1.10 5.68 0.65 6.37 0.29 1.20 N. Africa 7/ 15.53 18.40 27.71 1.85 46.25 1.06 14.33 Nigeria 0.20 0.06 5.25 0.05 4.90 0.40 0.21 Sel. Mideast 8/ 11.91 22.18 17.66 3.60 38.44 0.78 12.54 Southeast Asia 9/ 5.44 0.00 25.83 7.44 24.89 1.14 5.25 Selected Other India 16.99 103.60 0.02 6.00 96.11 0.51 23.99 Kazakhstan 1.68 11.45 0.55 1.50 6.30 6.70 0.69 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukr aine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2020 WASDE - 605 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Sep 299.78 770.49 185.29 134.62 750.90 189.44 319.37 Oct 299.40 773.08 186.23 134.60 751.03 189.92 321.45 World Less China Sep 148.10 634.49 178.29 114.62 620.90 188.44 155.69 Oct 147.71 637.08 178.73 114.60 621.03 188.92 157.27 United States Sep 28.41 50.01 3.54 2.45 30.24 26.54 25.19 Oct 27.98 49.69 3.40 2.72 30.51 26.54 24.03 Total Foreign Sep 271.37 720.48 181.75 132.18 720.67 162.90 294.18 Oct 271.42 723.39 182.83 131.88 720.52 163.39 297.43 Major Exporters 4/ Sep 33.66 325.15 6.73 76.35 189.95 138.50 37.09 Oct 33.43 327.75 6.73 76.05 189.85 139.00 39.06 Argentina Sep 1.69 19.50 0.01 0.05 6.05 13.50 1.64 Oct 1.70 19.00 0.01 0.05 6.05 13.00 1.66 Australia Sep 3.49 28.50 0.20 4.00 7.50 19.00 5.69 Oct 3.49 28.50 0.20 4.00 7.50 19.00 5.69 Canada Sep 5.03 36.00 0.45 4.80 10.00 25.00 6.48 Oct 5.03 35.00 0.45 4.50 9.70 25.00 5.78 European Union 5/ Sep 14.83 136.15 5.50 47.50 117.30 25.50 13.68 Oct 14.83 136.75 5.50 47.50 117.50 25.50 14.08 Russia Sep 7.48 78.00 0.50 17.50 40.50 37.50 7.98 Oct 7.23 83.00 0.50 18.00 41.00 39.00 10.73 Ukraine Sep 1.15 27.00 0.08 2.50 8.60 18.00 1.62 Oct 1.15 25.50 0.08 2.00 8.10 17.50 1.12 Major Importers 6/ Sep 195.80 205.32 121.20 36.76 302.95 12.71 206.65 Oct 195.92 205.41 122.00 36.76 303.00 12.71 207.61 Bangladesh Sep 1.81 1.25 6.60 0.30 7.50 0.00 2.16 Oct 1.86 1.25 6.60 0.30 7.50 0.00 2.21 Brazil Sep 0.94 6.60 6.70 0.50 12.20 0.70 1.34 Oct 0.94 6.60 6.70 0.50 12.20 0.70 1.34 China Sep 151.68 136.00 7.00 20.00 130.00 1.00 163.68 Oct 151.68 136.00 7.50 20.00 130.00 1.00 164.18 Japan Sep 1.24 0.87 5.60 0.60 6.25 0.28 1.18 Oct 1.20 1.10 5.60 0.60 6.30 0.28 1.32 N. Africa 7/ Sep 14.23 16.78 29.60 1.75 46.95 0.99 12.67 Oct 14.33 16.64 29.90 1.75 46.95 0.99 12.93 Nigeria Sep 0.20 0.06 5.10 0.05 4.76 0.40 0.20 Oct 0.21 0.06 5.10 0.05 4.76 0.40 0.21 Sel. Mideast 8/ Sep 12.54 22.18 18.25 3.62 39.40 0.67 12.90 Oct 12.54 22.18 18.25 3.62 39.40 0.67 12.90 Southeast Asia 9/ Sep 5.25 0.00 26.35 6.94 24.74 1.07 5.79 Oct 5.25 0.00 26.35 6.94 24.74 1.07 5.79 Selected Other India Sep 23.99 107.59 0.03 6.50 99.50 1.00 31.11 Oct 23.99 107.59 0.03 6.50 99.50 1.00 31.11 Kazakhstan Sep 0.69 12.50 0.20 1.40 6.20 6.30 0.89 Oct 0.69 12.50 0.20 1.40 6.20 6.30 0.89 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discr epancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2020 WASDE - 605 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 370.08 1,397.56 192.87 851.47 1,420.73 212.01 346.90 World Less China 147.10 1,133.60 182.33 656.02 1,133.72 211.94 136.50 United States 57.92 377.90 2.63 143.10 323.02 54.97 60.47 Total Foreign 312.16 1,019.65 190.24 708.37 1,097.72 157.04 286.43 Major Exporters 4/ 27.12 293.19 5.65 127.89 172.29 134.02 19.64 Argentina 3.37 59.22 0.01 12.28 18.09 40.89 3.61 Australia 2.29 11.51 0.01 5.29 7.30 4.08 2.43 Brazil 9.71 104.33 2.32 59.95 70.98 39.72 5.65 Canada 4.57 26.20 2.62 16.19 24.12 5.97 3.30 Russia 1.37 35.00 0.05 18.80 27.37 7.84 1.22 Ukraine 2.91 44.50 0.06 8.33 11.36 34.07 2.05 Major Importers 5/ 39.27 243.75 143.27 294.72 379.42 10.33 36.55 European Union 6/ 15.67 148.32 26.49 126.00 168.19 8.83 13.46 Japan 1.80 0.18 17.73 13.84 17.95 0.00 1.75 Mexico 6.18 33.40 17.36 31.27 50.51 0.72 5.71 N. Afr & Mideast 7/ 7.76 31.08 38.82 61.98 70.10 0.10 7.46 Saudi Arabia 2.63 0.29 10.17 10.75 11.13 0.00 1.97 Southeast Asia 8/ 2.56 30.19 17.14 37.99 45.82 0.68 3.38 South Korea 1.86 0.21 10.96 8.60 11.18 0.00 1.85 Selected Other China 222.98 263.96 10.54 195.45 287.01 0.07 210.40 2019/20 Est. Beginning Stocks Production Imports Domes tic Feed Domes tic Total 2/ Exports Ending Stocks World 3/ 346.90 1,410.72 202.34 879.31 1,425.20 207.01 332.42 World Less China 136.50 1,142.52 185.92 679.69 1,131.43 206.95 131.23 United States 60.47 359.43 3.11 152.83 318.77 50.51 53.74 Total Foreign 286.43 1,051.29 199.23 726.49 1,106.43 156.51 278.68 Major Exporters 4/ 19.64 306.54 4.41 134.96 179.31 129.21 22.08 Argentina 3.61 58.13 0.01 12.17 17.78 41.01 2.96 Australia 2.43 10.44 0.01 5.00 6.97 3.52 2.38 Brazil 5.65 105.57 1.90 62.01 73.14 34.01 5.97 Canada 3.30 28.62 2.13 18.01 25.05 5.05 3.95 Russia 1.22 40.50 0.19 22.19 31.29 8.76 1.86 Ukraine 2.05 46.55 0.03 8.69 11.81 34.35 2.46 Major Importers 5/ 36.55 256.72 143.99 299.60 385.89 15.09 36.27 European Union 6/ 13.46 161.31 19.68 124.35 167.66 13.37 13.42 Japan 1.75 0.22 17.72 13.96 18.03 0.00 1.66 Mexico 5.71 31.91 17.99 31.25 50.68 1.00 3.93 N. Afr & Mideast 7/ 7.46 33.33 41.92 66.00 74.30 0.12 8.30 Saudi Arabia 1.97 0.27 12.01 11.55 11.91 0.00 2.34 Southeast Asia 8/ 3.38 29.40 18.70 38.94 46.98 0.60 3.90 South Korea 1.85 0.20 11.69 9.24 11.82 0.00 1.92 Selected Other China 210.40 268.20 16.42 199.62 293.77 0.06 201.19 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some coun tries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, an d Ukraine. 5/ The European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ In donesia, Malaysia, Philippines, Thailand, and Vietnam. October 2020 WASDE - 605 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Sep 337.64 1,460.26 215.86 900.40 1,460.66 224.09 337.25 Oct 332.42 1,458.84 214.53 899.01 1,460.67 222.87 330.59 World Less China Sep 136.26 1,192.89 197.41 698.90 1,162.98 224.02 147.80 Oct 131.23 1,191.47 195.78 697.21 1,162.69 222.80 141.33 United States Sep 60.43 392.63 2.72 151.98 323.34 65.81 66.64 Oct 53.74 388.20 2.69 150.58 320.68 65.83 58.13 Total Foreign Sep 277.21 1,067.63 213.13 748.42 1,137.31 158.28 270.61 Oct 278.68 1,070.64 211.84 748.43 1,140.00 157.04 272.47 Major Exporters 4/ Sep 21.96 318.34 4.15 136.84 182.26 135.86 26.33 Oct 22.08 316.20 4.15 137.73 183.07 133.46 25.89 Argentina Sep 2.92 56.37 0.01 13.11 18.75 37.01 3.54 Oct 2.96 56.66 0.01 13.39 19.05 37.01 3.57 Australia Sep 2.38 14.26 0.00 6.08 8.15 5.35 3.14 Oct 2.38 14.26 0.00 6.08 8.15 5.35 3.14 Brazil Sep 5.97 113.41 2.20 63.08 74.22 39.01 8.35 Oct 5.97 113.41 2.20 63.08 74.22 39.01 8.35 Canada Sep 3.71 29.17 1.76 17.37 25.15 5.40 4.08 Oct 3.95 29.60 1.76 17.47 25.25 5.70 4.36 Russia Sep 2.22 41.63 0.07 22.83 32.03 9.18 2.71 Oct 1.86 41.93 0.07 22.83 32.03 9.48 2.35 Ukraine Sep 2.26 48.90 0.02 7.70 10.98 37.61 2.58 Oct 2.46 45.70 0.02 8.20 11.38 34.61 2.18 Major Importers 5/ Sep 34.87 260.03 154.30 314.82 402.84 10.32 36.03 Oct 36.27 260.48 153.12 313.52 401.39 10.42 38.06 European Union 6/ Sep 13.42 161.66 25.29 132.70 177.15 8.74 14.47 Oct 13.42 161.93 24.26 131.40 175.85 8.84 14.91 Japan Sep 1.83 0.20 17.67 13.75 17.87 0.00 1.83 Oct 1.66 0.25 17.62 13.86 17.93 0.00 1.60 Mexico Sep 2.43 33.60 18.75 31.87 51.30 0.90 2.58 Oct 3.93 33.59 18.75 31.86 51.29 0.90 4.08 N. Afr & Mideast 7/ Sep 8.28 33.77 45.26 70.09 78.72 0.12 8.47 Oct 8.30 33.81 44.26 69.19 77.72 0.12 8.53 Saudi Arabia Sep 2.24 0.27 11.71 11.55 11.91 0.00 2.31 Oct 2.34 0.27 12.21 12.05 12.41 0.00 2.41 Southeast Asia 8/ Sep 3.94 30.25 19.33 41.05 49.22 0.56 3.74 Oct 3.90 30.35 19.73 41.35 49.52 0.56 3.89 South Korea Sep 1.92 0.20 11.91 9.45 12.09 0.00 1.95 Oct 1.92 0.20 11.91 9.45 12.09 0.00 1.95 Selected Other China Sep 201.38 267.38 18.45 201.50 297.68 0.07 189.45 Oct 201.19 267.38 18.75 201.80 297.98 0.07 189.26 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ The European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2020 WASDE - 605 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 340.60 1,123.37 163.16 702.46 1,144.16 181.06 319.81 World Less China 118.07 866.19 158.67 511.46 870.16 181.04 109.65 United States 54.37 364.26 0.71 137.91 310.45 52.48 56.41 Total Foreign 286.23 759.11 162.45 564.55 833.71 128.58 263.40 Major Exporters 4/ 16.16 211.04 2.25 86.30 108.00 111.47 9.98 Argentina 2.41 51.00 0.01 9.70 13.80 37.24 2.37 Brazil 9.32 101.00 1.66 57.00 67.00 39.68 5.29 Russia 0.20 11.42 0.04 7.60 8.50 2.77 0.38 South Africa 2.67 11.82 0.51 7.00 12.50 1.45 1.06 Ukraine 1.57 35.81 0.04 5.00 6.20 30.32 0.89 Major Importers 5/ 23.25 129.11 99.46 169.43 224.57 5.03 22.22 Egypt 1.85 6.80 9.37 13.70 16.20 0.00 1.81 European Union 6/ 9.16 64.41 25.25 67.00 87.50 3.63 7.69 Japan 1.39 0.00 16.05 12.30 16.00 0.00 1.45 Mexico 5.65 27.60 16.66 25.90 44.10 0.72 5.09 Southeast Asia 7/ 2.54 30.14 16.76 37.70 45.40 0.68 3.37 South Korea 1.85 0.08 10.86 8.56 10.95 0.00 1.84 Selected Other 0.00 Canada 2.42 13.89 2.56 9.30 15.09 1.80 1.98 China 222.53 257.17 4.48 191.00 274.00 0.02 210.16 2019/20 Est. Beginning Stocks Production Imports Domes tic Feed Domes tic Total 2/ Exports Ending Stocks World 3/ 319.81 1,116.34 167.09 714.23 1,131.92 170.56 304.24 World Less China 109.65 855.56 160.09 522.23 854.92 170.54 103.31 United States 56.41 345.96 1.06 148.02 307.58 45.17 50.68 Total Foreign 263.40 770.38 166.02 566.21 824.33 125.39 253.55 Major Exporters 4/ 9.98 219.41 1.28 89.20 111.15 107.90 11.62 Argentina 2.37 51.00 0.01 9.50 13.50 38.00 1.87 Brazil 5.29 102.00 1.20 59.00 69.00 34.00 5.49 Russia 0.38 14.28 0.05 8.70 9.70 4.20 0.80 South Africa 1.06 16.25 0.00 6.80 12.60 2.50 2.21 Ukraine 0.89 35.89 0.02 5.20 6.35 29.20 1.25 Major Importers 5/ 22.22 129.08 96.22 164.90 220.85 6.41 20.26 Egypt 1.81 6.40 10.60 14.60 17.10 0.01 1.70 European Union 6/ 7.69 66.68 19.00 60.20 81.40 4.80 7.17 Japan 1.45 0.00 16.00 12.40 16.05 0.00 1.40 Mexico 5.09 26.50 17.00 26.00 44.20 1.00 3.39 Southeast Asia 7/ 3.37 29.35 17.82 38.20 46.05 0.60 3.89 South Korea 1.84 0.07 11.60 9.20 11.60 0.00 1.91 Selected Other 0.00 Canada 1.98 13.40 2.05 9.20 14.20 0.71 2.53 China 210.16 260.78 7.00 192.00 277.00 0.02 200.92 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2020 WASDE - 605 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Sep 309.15 1,162.38 179.34 733.11 1,164.74 186.03 306.79 Oct 304.24 1,158.82 177.81 731.31 1,162.60 184.47 300.45 World Less China Sep 108.08 902.38 172.34 541.11 885.74 186.01 117.75 Oct 103.31 898.82 170.81 539.31 883.60 184.45 111.55 United States Sep 57.23 378.47 0.64 147.96 313.70 59.06 63.57 Oct 50.68 373.95 0.64 146.69 311.16 59.06 55.04 Total Foreign Sep 251.92 783.91 178.71 585.15 851.03 126.97 243.23 Oct 253.55 784.87 177.17 584.62 851.43 125.41 245.41 Major Exporters 4/ Sep 11.42 227.50 1.56 91.80 113.80 111.70 14.98 Oct 11.62 225.50 1.56 92.40 114.40 109.70 14.58 Argentina Sep 1.87 50.00 0.01 11.00 15.00 34.00 2.88 Oct 1.87 50.00 0.01 11.00 15.00 34.00 2.88 Brazil Sep 5.49 110.00 1.50 60.00 70.00 39.00 7.99 Oct 5.49 110.00 1.50 60.00 70.00 39.00 7.99 Russia Sep 0.80 15.00 0.04 9.90 11.00 3.90 0.94 Oct 0.80 15.00 0.04 9.90 11.00 3.90 0.94 South Africa Sep 2.21 14.00 0.00 6.60 12.30 2.30 1.61 Oct 2.21 14.00 0.00 6.60 12.30 2.30 1.61 Ukraine Sep 1.05 38.50 0.02 4.30 5.50 32.50 1.56 Oct 1.25 36.50 0.02 4.90 6.10 30.50 1.16 Major Importers 5/ Sep 18.91 131.06 104.65 174.45 231.50 4.17 18.94 Oct 20.26 130.96 104.05 173.35 230.35 3.97 20.95 Egypt Sep 1.70 6.40 11.00 14.80 17.30 0.01 1.79 Oct 1.70 6.40 11.00 14.80 17.30 0.01 1.79 European Union 6/ Sep 7.23 66.30 25.00 66.50 88.50 2.70 7.33 Oct 7.17 66.10 24.00 65.00 87.00 2.50 7.77 Japan Sep 1.44 0.00 16.00 12.30 16.00 0.00 1.45 Oct 1.40 0.00 16.00 12.40 16.05 0.00 1.35 Mexico Sep 1.89 28.00 18.30 27.00 45.25 0.90 2.04 Oct 3.39 28.00 18.30 27.00 45.25 0.90 3.54 Southeast Asia 7/ Sep 3.93 30.20 18.25 40.10 48.10 0.56 3.72 Oct 3.89 30.30 18.65 40.40 48.40 0.56 3.88 South Korea Sep 1.91 0.08 11.80 9.40 11.85 0.00 1.93 Oct 1.91 0.08 11.80 9.40 11.85 0.00 1.93 Selected Other Canada Sep 2.28 14.00 1.70 9.60 14.80 1.00 2.18 Oct 2.53 14.00 1.70 9.60 14.80 1.00 2.43 China Sep 201.07 260.00 7.00 192.00 279.00 0.02 189.05 Oct 200.92 260.00 7.00 192.00 279.00 0.02 188.90 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2020 WASDE - 605 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 164.17 496.71 43.72 484.30 43.72 176.58 World Less China 55.17 348.22 40.52 341.38 40.95 61.58 United States 0.93 7.11 0.92 4.57 2.97 1.42 Total Foreign 163.24 489.60 42.80 479.73 40.75 175.16 Major Exporters 4/ 28.88 184.66 0.76 145.71 31.76 36.84 Burma 0.81 13.20 0.01 10.25 2.70 1.07 India 22.60 116.48 0.00 99.16 10.42 29.50 Pakistan 1.42 7.30 0.00 3.30 4.49 0.93 Thailand 3.01 20.34 0.25 11.80 7.56 4.24 Vietnam 1.03 27.34 0.50 21.20 6.58 1.10 Major Importers 5/ 122.58 239.15 17.11 247.82 3.18 127.83 China 109.00 148.49 3.20 142.92 2.77 115.00 European Union 6/ 1.18 1.97 2.15 3.80 0.30 1.19 Indonesia 5.56 34.20 0.60 36.30 0.00 4.06 Nigeria 1.58 4.54 1.90 6.80 0.00 1.22 Philippines 2.29 11.73 3.60 14.10 0.00 3.52 Sel. Mideast 7/ 0.90 2.01 3.91 5.90 0.00 0.91 Selected Other 0.00 Brazil 0.59 7.14 0.75 7.35 0.88 0.25 C. Amer & Carib 8/ 0.63 1.65 1.79 3.37 0.04 0.67 Egypt 1.56 2.80 0.81 4.20 0.02 0.95 Japan 2.22 7.66 0.63 8.40 0.07 2.05 Mexico 0.15 0.19 0.74 0.92 0.03 0.14 South Korea 1.56 3.87 0.29 4.57 0.05 1.09 2019/20 Est. Beginning Stocks Production Imports Total /2 Domes tic Exports Ending Stocks World 3/ 176.58 495.78 40.51 495.25 42.30 177.11 World Less China 61.58 349.05 38.11 350.22 39.70 60.61 United States 1.42 5.86 1.19 4.57 2.99 0.91 Total Foreign 175.16 489.92 39.33 490.68 39.31 176.20 Major Exporters 4/ 36.84 183.13 0.66 152.68 30.40 37.55 Burma 1.07 12.70 0.01 10.35 2.30 1.13 India 29.50 118.43 0.00 105.93 12.00 30.00 Pakistan 0.93 7.20 0.00 3.30 4.00 0.83 Thailand 4.24 17.66 0.25 12.00 5.50 4.64 Vietnam 1.10 27.15 0.40 21.10 6.60 0.95 Major Importers 5/ 127.83 239.12 13.23 249.53 2.96 127.69 China 115.00 146.73 2.40 145.03 2.60 116.50 European Union 6/ 1.19 1.98 2.30 4.00 0.30 1.17 Indonesia 4.06 34.00 0.55 35.50 0.00 3.11 Nigeria 1.22 5.04 1.00 6.55 0.00 0.71 Philippines 3.52 11.93 2.45 14.30 0.00 3.60 Sel. Mideast 7/ 0.91 2.34 3.45 5.85 0.00 0.85 Selected Other 0.00 Brazil 0.25 7.60 0.85 7.20 1.10 0.40 C. Amer & Carib 8/ 0.67 1.46 1.89 3.32 0.04 0.65 Egypt 0.95 4.30 0.27 4.30 0.02 1.20 Japan 2.05 7.61 0.69 8.35 0.07 1.92 Mexico 0.14 0.17 0.83 0.95 0.01 0.18 South Korea 1.09 3.74 0.48 4.10 0.06 1.16 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. October 2020 WASDE - 605 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Sep 181.68 499.58 42.21 496.42 44.50 184.83 Oct 177.11 501.47 41.85 499.44 44.32 179.15 World Less China Sep 65.18 352.58 40.01 350.12 41.60 68.33 Oct 60.61 354.47 39.65 353.14 41.42 62.65 United States Sep 0.91 7.14 1.17 4.62 3.14 1.46 Oct 0.91 7.19 1.18 4.62 3.14 1.52 Total Foreign Sep 180.77 492.43 41.04 491.80 41.35 183.38 Oct 176.20 494.29 40.67 494.82 41.17 177.63 Major Exporters 4/ Sep 42.25 185.10 0.61 150.40 32.30 45.26 Oct 37.55 186.10 0.61 153.10 32.10 39.06 Burma Sep 1.13 13.00 0.01 10.60 2.20 1.34 Oct 1.13 12.90 0.01 10.50 2.20 1.34 India Sep 35.00 119.00 0.00 104.00 12.00 38.00 Oct 30.00 120.00 0.00 106.00 12.50 31.50 Pakistan Sep 0.73 7.50 0.00 3.10 4.30 0.83 Oct 0.83 7.60 0.00 3.40 4.10 0.93 Thailand Sep 4.44 18.60 0.20 11.50 7.50 4.24 Oct 4.64 18.60 0.20 12.00 7.00 4.44 Vietnam Sep 0.95 27.00 0.40 21.20 6.30 0.85 Oct 0.95 27.00 0.40 21.20 6.30 0.85 Major Importers 5/ Sep 127.79 239.59 14.20 251.20 3.26 127.12 Oct 127.69 240.29 13.85 251.25 3.27 127.31 China Sep 116.50 147.00 2.20 146.30 2.90 116.50 Oct 116.50 147.00 2.20 146.30 2.90 116.50 European Union 6/ Sep 1.17 1.99 2.35 4.10 0.30 1.10 Oct 1.17 1.99 2.35 4.10 0.32 1.09 Indonesia Sep 3.11 34.90 0.50 35.40 0.00 3.11 Oct 3.11 34.90 0.50 35.40 0.00 3.11 Nigeria Sep 0.71 5.04 1.20 6.40 0.00 0.55 Oct 0.71 5.04 1.20 6.40 0.00 0.55 Philippines Sep 3.60 11.00 3.00 14.40 0.00 3.20 Oct 3.60 11.70 2.60 14.40 0.00 3.50 Sel. Mideast 7/ Sep 0.85 2.27 3.65 6.00 0.00 0.76 Oct 0.85 2.27 3.70 6.05 0.00 0.76 Selected Other Brazil Sep 0.31 7.34 0.80 7.20 0.90 0.35 Oct 0.40 7.48 0.80 7.20 0.90 0.58 C. Amer & Carib 8/ Sep 0.64 1.55 1.90 3.41 0.03 0.64 Oct 0.65 1.55 1.90 3.41 0.03 0.66 Egypt Sep 1.13 4.30 0.25 4.50 0.02 1.16 Oct 1.20 4.00 0.25 4.30 0.02 1.13 Japan Sep 1.97 7.65 0.69 8.25 0.08 1.98 Oct 1.92 7.62 0.69 8.25 0.08 1.90 Mexico Sep 0.15 0.19 0.80 0.95 0.01 0.19 Oct 0.18 0.19 0.80 0.97 0.01 0.20 South Korea Sep 1.16 3.86 0.45 4.00 0.06 1.41 Oct 1.16 3.86 0.45 4.00 0.06 1.41 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. October 2020 WASDE - 605 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2018/19 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 80.93 118.58 42.32 120.18 41.41 0.04 80.20 World Less China 42.94 90.83 32.68 80.68 41.20 0.04 44.53 United States 4.20 18.37 3/ 2.98 14.84 -0.09 4.85 Total Foreign 76.73 100.21 42.32 117.21 26.57 0.14 75.35 Major Exporters 4/ 26.93 54.54 2.48 33.02 22.33 0.02 28.57 Central Asia 5/ 2.67 5.44 3/ 3.80 2.04 0.00 2.28 Afr. Fr. Zone 6/ 1.61 5.43 3/ 0.17 5.47 0.00 1.41 S. Hemis. 7/ 13.19 17.24 0.18 4.39 10.86 0.01 15.34 Australia 3.04 2.20 3/ 0.04 3.63 0.00 1.57 Brazil 8.66 13.00 0.02 3.40 6.02 0.00 12.26 India 9.23 25.80 1.80 24.00 3.52 0.00 9.30 Major Importers 8/ 47.95 42.69 37.29 80.01 3.01 0.11 44.81 Mexico 0.66 1.74 0.85 2.00 0.52 0.03 0.69 China 37.99 27.75 9.64 39.50 0.21 0.00 35.67 European Union 9/ 0.30 1.71 0.64 0.69 1.72 0.03 0.22 Turkey 1.78 3.75 3.50 6.90 0.48 0.00 1.64 Pakistan 2.83 7.60 2.85 10.70 0.06 0.03 2.50 Indonesia 0.63 3/ 3.05 3.15 0.01 0.00 0.53 Thailand 0.20 3/ 1.08 1.08 0.00 0.03 0.18 Bangladesh 1.86 0.14 7.00 7.20 0.00 0.01 1.78 Vietnam 1.29 3/ 6.94 7.00 0.00 0.00 1.23 2019/20 Est. Beginning Stocks Production Imports Domes tic Use Exports Los s /2 Ending Stocks World 80.20 121.83 40.09 102.05 40.89 -0.03 99.21 World Less China 44.53 94.58 32.95 69.05 40.73 -0.03 62.31 United States 4.85 19.91 3/ 2.15 15.53 -0.16 7.25 Total Foreign 75.35 101.92 40.08 99.90 25.36 0.13 91.96 Major Exporters 4/ 28.57 58.25 2.88 28.27 20.98 0.02 40.42 Central Asia 5/ 2.28 5.96 3/ 3.94 1.58 0.00 2.72 Afr. Fr. Zone 6/ 1.41 5.91 3/ 0.14 4.64 0.00 2.53 S. Hemis. 7/ 15.34 16.43 0.15 3.59 11.28 0.01 17.03 Australia 1.57 0.63 3/ 0.04 1.36 0.00 0.80 Brazil 12.26 13.45 0.01 2.70 8.94 0.00 14.07 India 9.30 29.50 2.28 20.00 3.20 0.00 17.88 Major Importers 8/ 44.81 40.62 34.84 68.00 3.09 0.11 49.07 Mexico 0.69 1.57 0.59 1.50 0.66 0.03 0.67 China 35.67 27.25 7.14 33.00 0.16 0.00 36.90 European Union 9/ 0.22 2.00 0.58 0.60 1.82 0.03 0.35 Turkey 1.64 3.45 4.58 6.60 0.36 0.00 2.71 Pakistan 2.50 6.20 3.98 9.20 0.06 0.03 3.39 Indonesia 0.53 3/ 2.51 2.50 0.00 0.00 0.54 Thailand 0.18 3/ 0.70 0.70 0.00 0.03 0.15 Bangladesh 1.78 0.14 7.00 6.50 0.00 0.01 2.42 Vietnam 1.23 3/ 6.48 6.10 0.00 0.00 1.61 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. October 2020 WASDE - 605 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2020/21 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Sep 99.44 117.20 41.75 112.69 41.72 0.15 103.84 Oct 99.21 116.27 42.23 114.21 42.24 0.13 101.13 World Less China Sep 62.54 89.95 32.75 76.19 41.60 0.15 67.32 Oct 62.31 89.02 32.73 76.71 42.11 0.13 65.11 United States Sep 7.25 17.06 3/ 2.50 14.60 0.02 7.20 Oct 7.25 17.05 3/ 2.50 14.60 0.00 7.20 filler filler filler filler filler filler filler Total Foreign Sep 92.19 100.14 41.75 110.19 27.12 0.13 96.64 Oct 91.96 99.23 42.23 111.71 27.64 0.13 93.93 Major Exporters 4/ Sep 40.59 57.88 1.71 31.33 23.35 0.02 45.48 Oct 40.42 57.40 1.71 31.83 23.87 0.02 43.81 Central Asia 5/ Sep 2.72 5.67 3/ 4.14 1.41 0.00 2.85 Oct 2.72 5.72 3/ 4.14 1.51 0.00 2.80 Afr. Fr. Zone 6/ Sep 2.53 5.53 3/ 0.14 5.06 0.00 2.86 Oct 2.53 5.00 3/ 0.14 4.98 0.00 2.41 S. Hemis. 7/ Sep 17.22 16.33 0.16 3.92 11.62 0.01 18.16 Oct 17.03 16.33 0.16 3.92 12.12 0.01 17.47 Australia Sep 0.80 2.10 3/ 0.04 1.30 0.00 1.57 Oct 0.80 2.10 3/ 0.04 1.30 0.00 1.57 filler filler filler filler filler filler filler Brazil Sep 14.02 12.00 0.03 3.00 9.20 0.00 13.85 Oct 14.07 12.00 0.03 3.00 9.70 0.00 13.40 India Sep 17.86 30.00 1.00 22.50 5.00 0.00 21.36 Oct 17.88 30.00 1.00 23.00 5.00 0.00 20.88 Major Importers 8/ Sep 49.08 39.21 37.47 74.92 2.39 0.11 48.33 Oct 49.07 38.66 37.97 75.93 2.35 0.11 47.32 Mexico Sep 0.76 1.05 0.60 1.60 0.20 0.03 0.59 Oct 0.67 1.05 0.60 1.60 0.20 0.03 0.49 China Sep 36.90 27.25 9.00 36.50 0.13 0.00 36.52 Oct 36.90 27.25 9.50 37.50 0.13 0.00 36.02 European Union 9/ Sep 0.40 1.76 0.60 0.66 1.65 0.03 0.42 Oct 0.35 1.61 0.60 0.67 1.60 0.03 0.27 Turkey Sep 2.71 2.80 4.30 7.00 0.33 0.00 2.49 Oct 2.71 2.80 4.30 7.00 0.33 0.00 2.49 Pakistan Sep 3.22 6.20 3.80 10.00 0.08 0.03 3.12 Oct 3.39 5.80 3.80 10.00 0.08 0.03 2.89 Indonesia Sep 0.58 3/ 2.90 2.90 0.01 0.00 0.58 Oct 0.54 3/ 2.90 2.90 0.01 0.00 0.54 Thailand Sep 0.15 3/ 0.85 0.83 0.00 0.03 0.15 Oct 0.15 3/ 0.85 0.83 0.00 0.03 0.15 Bangladesh Sep 2.42 0.15 7.30 7.30 0.00 0.01 2.55 Oct 2.42 0.15 7.30 7.30 0.00 0.01 2.55 Vietnam Sep 1.61 3/ 6.80 6.80 0.00 0.00 1.61 Oct 1.61 3/ 6.80 6.80 0.00 0.00 1.61 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. October 2020 WASDE - 605 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 98.75 361.06 145.10 297.86 343.45 148.42 113.04 World Less China 75.68 345.10 62.56 212.86 241.45 148.30 93.59 United States 11.92 120.52 0.38 56.94 60.40 47.68 24.74 Total Foreign 86.82 240.55 144.72 240.92 283.04 100.74 88.30 Major Exporters 3/ 56.95 186.34 6.56 86.79 96.53 91.35 61.98 Argentina 23.73 55.30 6.41 40.57 47.45 9.10 28.89 Brazil 32.70 119.70 0.14 42.53 45.18 74.59 32.77 Paraguay 0.51 8.51 0.01 3.62 3.82 4.90 0.32 Major Importers 4/ 25.67 19.84 115.02 113.03 138.08 0.32 22.13 China 23.06 15.97 82.54 85.00 102.00 0.12 19.46 European Union 1.40 2.67 14.98 15.60 17.26 0.18 1.61 Southeast Asia 0.84 0.66 8.31 3.81 9.08 0.02 0.71 Mexico 0.17 0.34 5.87 6.15 6.20 0.00 0.18 2019/20 Est. Beginning Stocks Production Imports Domes tic C rus h Domes tic Tota l Exports Ending Stocks World 2/ 113.04 336.59 162.96 308.71 354.26 164.58 93.75 World Less China 93.59 318.49 65.56 217.21 245.06 164.49 68.09 United States 24.74 96.67 0.42 58.91 61.96 45.62 14.25 Total Foreign 88.30 239.92 162.54 249.80 292.30 118.96 79.51 Major Exporters 3/ 61.98 186.89 5.22 87.23 96.77 110.30 47.02 Argentina 28.89 49.00 4.65 39.15 46.14 10.00 26.40 Brazil 32.77 126.00 0.55 44.25 46.50 92.48 20.34 Paraguay 0.32 9.90 0.02 3.75 4.05 5.90 0.29 Major Importers 4/ 22.13 21.77 131.71 120.90 146.76 0.31 28.54 China 19.46 18.10 97.40 91.50 109.20 0.09 25.66 European Union 1.61 2.62 15.60 16.20 17.91 0.20 1.71 Southeast Asia 0.71 0.61 9.32 4.50 9.82 0.02 0.80 Mexico 0.18 0.24 6.00 6.20 6.25 0.00 0.16 2020/21 Proj. Beginning Stocks Production Imports Domes tic C rus h Domes tic Tota l Exports Ending Stocks World 2/ Sep 96.01 369.74 163.25 320.80 369.07 166.34 93.59 Oct 93.75 368.47 164.95 322.42 370.59 167.88 88.70 World Less China Sep 68.75 352.24 64.25 222.80 252.67 166.24 66.33 Oct 68.09 350.97 64.95 223.42 253.19 167.78 63.04 United States Sep 15.64 117.38 0.41 59.33 63.07 57.83 12.52 Oct 14.25 116.15 0.41 59.33 63.03 59.87 7.90 Total Foreign Sep 80.37 252.37 162.84 261.47 306.00 108.50 81.07 Oct 79.51 252.32 164.54 263.09 307.56 108.00 80.80 Major Exporters 3/ Sep 46.12 198.84 4.41 91.38 101.53 100.82 47.02 Oct 47.02 198.84 4.41 91.38 101.52 100.32 48.44 Argentina Sep 26.40 53.50 4.00 42.00 49.20 7.50 27.20 Oct 26.40 53.50 4.00 42.00 49.20 7.00 27.70 Brazil Sep 19.43 133.00 0.40 45.50 48.15 85.00 19.68 Oct 20.34 133.00 0.40 45.50 48.14 85.00 20.60 Paraguay Sep 0.29 10.25 0.01 3.80 4.10 6.30 0.14 Oct 0.29 10.25 0.01 3.80 4.10 6.30 0.14 Major Importers 4/ Sep 30.34 21.48 132.78 127.19 154.07 0.38 30.16 Oct 28.54 21.43 134.19 128.54 155.40 0.38 28.38 China Sep 27.26 17.50 99.00 98.00 116.40 0.10 27.26 Oct 25.66 17.50 100.00 99.00 117.40 0.10 25.66 European Union Sep 1.96 2.80 14.90 15.90 17.63 0.25 1.79 Oct 1.71 2.75 14.90 15.90 17.61 0.25 1.50 Southeast Asia Sep 0.76 0.60 9.37 4.37 9.92 0.03 0.78 Oct 0.80 0.60 9.78 4.72 10.27 0.03 0.88 Mexico Sep 0.16 0.35 6.10 6.40 6.47 0.00 0.14 Oct 0.16 0.35 6.10 6.40 6.47 0.00 0.14 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports . Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to roun ding. October 2020 WASDE - 605 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.50 233.43 62.03 229.89 67.28 11.78 World Less China 13.50 166.11 62.01 163.48 66.35 11.78 United States 0.50 44.28 0.62 32.85 12.19 0.37 Total Foreign 12.99 189.14 61.41 197.04 55.09 11.42 Major Exporters 3/ 6.99 71.84 0.10 26.05 47.11 5.76 Argentina 2.48 31.20 0.03 3.13 28.83 1.74 Brazil 4.30 32.96 0.02 17.65 16.09 3.54 India 0.22 7.68 0.05 5.28 2.18 0.48 Major Importers 4/ 1.63 22.02 38.88 60.21 0.59 1.74 European Union 0.26 12.32 18.76 30.39 0.37 0.58 Mexico 0.04 4.86 1.84 6.58 0.01 0.15 Southeast Asia 5/ 1.21 2.98 16.69 19.77 0.20 0.91 2019/20 Est. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ 11.78 242.51 62.65 240.79 66.25 9.90 World Less China 11.78 170.04 62.60 169.31 65.21 9.90 United States 0.37 46.29 0.56 34.25 12.61 0.36 Total Foreign 11.42 196.22 62.09 206.54 53.64 9.54 Major Exporters 3/ 5.76 71.17 0.04 27.06 45.22 4.69 Argentina 1.74 30.10 0.00 3.28 26.70 1.86 Brazil 3.54 34.35 0.01 18.06 17.52 2.32 India 0.48 6.72 0.03 5.72 1.00 0.51 Major Importers 4/ 1.74 23.10 38.88 61.84 0.57 1.31 European Union 0.58 12.80 17.90 30.69 0.35 0.23 Mexico 0.15 4.90 1.93 6.90 0.01 0.07 Southeast Asia 5/ 0.91 3.51 17.35 20.66 0.21 0.91 2020/21 Proj. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ Sep 9.92 252.06 64.66 249.50 67.83 9.31 Oct 9.90 253.32 64.73 250.52 67.81 9.62 World Less China Sep 9.92 174.44 64.64 172.87 66.83 9.31 Oct 9.90 174.91 64.72 173.10 66.81 9.62 United States Sep 0.36 46.63 0.36 34.75 12.25 0.36 Oct 0.36 46.63 0.36 34.75 12.25 0.36 Total Foreign Sep 9.56 205.43 64.30 214.75 55.59 8.94 Oct 9.54 206.69 64.37 215.78 55.56 9.26 Major Exporters 3/ Sep 4.49 75.60 0.07 27.96 47.87 4.34 Oct 4.69 75.60 0.07 27.99 47.87 4.50 Argentina Sep 1.86 32.33 0.00 3.40 29.00 1.79 Oct 1.86 32.33 0.00 3.40 29.00 1.79 Brazil Sep 2.32 35.28 0.02 18.51 16.80 2.31 Oct 2.32 35.28 0.02 18.50 16.80 2.31 India Sep 0.31 8.00 0.05 6.05 2.07 0.24 Oct 0.51 8.00 0.05 6.09 2.07 0.41 Major Importers 4/ Sep 1.26 22.93 40.07 62.37 0.52 1.37 Oct 1.31 23.21 40.17 62.53 0.52 1.63 European Union Sep 0.18 12.56 18.75 31.02 0.30 0.17 Oct 0.23 12.56 18.85 30.89 0.30 0.45 Mexico Sep 0.07 5.06 2.00 7.05 0.01 0.07 Oct 0.07 5.06 2.00 7.05 0.01 0.07 Southeast Asia 5/ Sep 0.92 3.41 17.62 20.71 0.21 1.04 Oct 0.91 3.69 17.62 20.99 0.21 1.01 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. October 2020 WASDE - 605 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 3.87 55.80 10.40 54.95 11.23 3.88 World Less China 3.30 40.57 9.62 39.07 11.03 3.38 United States 0.91 10.98 0.18 10.38 0.88 0.81 Total Foreign 2.96 44.82 10.22 44.58 10.35 3.08 Major Exporters 3/ 0.80 19.74 0.47 12.24 7.78 0.99 Argentina 0.27 7.91 0.00 2.57 5.26 0.35 Brazil 0.37 8.18 0.02 7.17 1.08 0.33 European Union 0.15 2.96 0.42 2.46 0.79 0.29 Major Importers 4/ 1.03 18.02 6.33 23.99 0.31 1.09 China 0.57 15.23 0.78 15.89 0.20 0.50 India 0.17 1.73 3.00 4.75 0.01 0.14 North Africa 5/ 0.19 0.73 1.56 2.18 0.10 0.20 2019/20 Est. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ 3.88 57.70 11.01 56.49 12.02 4.08 World Less China 3.38 41.30 10.08 39.48 11.85 3.43 United States 0.81 11.29 0.15 10.18 1.27 0.79 Total Foreign 3.08 46.41 10.87 46.30 10.75 3.30 Major Exporters 3/ 0.99 19.91 0.55 12.28 8.02 1.14 Argentina 0.35 7.62 0.00 2.33 5.40 0.24 Brazil 0.33 8.50 0.07 7.39 1.16 0.35 European Union 0.29 3.08 0.48 2.52 0.80 0.52 Major Importers 4/ 1.09 19.29 6.68 25.42 0.38 1.25 China 0.50 16.40 0.93 17.00 0.18 0.65 India 0.14 1.51 3.40 4.90 0.02 0.14 North Africa 5/ 0.20 0.91 1.66 2.27 0.19 0.31 2020/21 Proj. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ Sep 4.01 59.91 11.00 58.88 12.08 3.95 Oct 4.08 60.30 10.98 59.22 12.08 4.07 World Less China Sep 3.41 42.35 10.00 40.47 11.93 3.35 Oct 3.43 42.56 9.88 40.53 11.93 3.42 United States Sep 0.84 11.46 0.16 10.43 1.18 0.84 Oct 0.79 11.46 0.16 10.43 1.18 0.80 Total Foreign Sep 3.17 48.45 10.84 48.45 10.90 3.11 Oct 3.30 48.84 10.82 48.79 10.90 3.27 Major Exporters 3/ Sep 1.00 20.59 0.45 12.55 8.50 0.99 Oct 1.14 20.65 0.46 12.60 8.50 1.15 Argentina Sep 0.20 8.10 0.00 2.30 5.80 0.20 Oct 0.24 8.16 0.00 2.35 5.80 0.25 Brazil Sep 0.28 8.75 0.03 7.57 1.20 0.29 Oct 0.35 8.75 0.04 7.57 1.20 0.37 European Union Sep 0.49 3.02 0.42 2.64 0.83 0.46 Oct 0.52 3.02 0.42 2.64 0.83 0.50 Major Importers 4/ Sep 1.24 20.66 6.67 27.02 0.31 1.23 Oct 1.25 20.98 6.62 27.26 0.31 1.28 China Sep 0.60 17.56 1.00 18.41 0.15 0.60 Oct 0.65 17.74 1.10 18.69 0.15 0.65 India Sep 0.14 1.80 3.24 5.03 0.01 0.14 Oct 0.14 1.80 3.14 4.93 0.01 0.14 North Africa 5/ Sep 0.31 0.87 1.64 2.32 0.16 0.34 Oct 0.31 0.88 1.64 2.32 0.16 0.35 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. October 2020 WASDE - 605 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2019 IV 7,001 7,478 14,535 11,175 1,467 12,773 27,308 2,414 54.0 Annual 27,155 27,638 55,015 43,905 5,818 50,251 105,266 9,447 218.4 2020 I 6,929 7,426 14,407 11,237 1,469 12,841 27,248 2,349 56.1 II 6,054 6,311 12,417 10,940 1,369 12,446 24,863 2,249 56.0 III 7,105 7,060 14,215 11,275 1,450 12,866 27,081 2,310 55.2 IV* 7,050 7,360 14,466 11,150 1,450 12,735 27,201 2,345 54.9 Annual Sep Proj. 27,048 28,237 55,496 44,552 5,708 50,801 106,296 9,248 222.0 Oct Proj. 27,138 28,157 55,505 44,602 5,738 50,888 106,392 9,253 222.3 2021 I* 6,845 7,245 14,142 11,000 1,420 12,550 26,692 2,290 56.3 II* 6,935 6,740 13,732 11,165 1,425 12,730 26,462 2,290 57.6 III* 6,845 7,050 13,947 11,505 1,445 13,090 27,037 2,365 56.0 Annual Sep Proj. 27,355 28,445 56,018 45,020 5,770 51,330 107,348 9,375 225.4 Oct Proj. 27,365 28,510 56,092 45,060 5,770 51,370 107,462 9,390 225.5 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products 1/ Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2019 IV 114.88 43.11 80.6 97.8 117.2 20.60 Annual 116.78 47.95 88.6 89.2 94.0 18.63 2020 I 118.32 42.52 83.5 97.4 133.1 18.83 II 105.79 38.96 67.0 103.7 119.6 15.37 III 101.74 40.50 66.7 111.3 89.0 19.00 IV* 109.00 51.00 66.0 112.0 125.0 18.90 Annual Sep Proj. 107.3 39.4 70.9 105.8 114.9 17.75 Oct Proj. 108.71 43.25 70.8 106.1 116.7 18.00 2021 I* 113.00 47.00 77.0 103.0 113.0 18.05 II* 110.00 50.00 86.0 105.0 95.0 17.15 III* 114.00 48.00 77.0 106.0 105.0 17.05 Annual Sep Proj. 112 44 82 105 110 17.00 Oct Proj. 114 47 79 106 110 17.60 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8 -16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. October 2020 WASDE - 605 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2019 662 27,224 3,058 30,944 3,026 642 27,276 58.1 2020 Proj. Sep 642 27,117 3,272 31,031 2,896 660 27,475 58.2 Oct 642 27,207 3,447 31,296 2,896 670 27,730 58.8 2021 Proj. Sep 660 27,424 3,045 31,129 3,140 650 27,339 57.7 Oct 670 27,434 3,135 31,239 3,080 650 27,509 58.0 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2019 559 27,652 945 29,156 6,321 646 22,188 52.4 2020 Proj. Sep 646 28,251 861 29,759 7,547 525 21,687 51.0 Oct 646 28,171 871 29,689 7,347 525 21,817 51.3 2021 Proj. Sep 525 28,459 895 29,879 7,650 575 21,654 50.6 Oct 525 28,524 945 29,994 7,350 575 22,069 51.6 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2019 1,266 55,108 4,275 60,649 9,353 1,330 49,966 111.9 2020 Proj. Sep 1,330 55,589 4,409 61,328 10,459 1,231 49,638 110.5 Oct 1,330 55,598 4,602 61,530 10,263 1,240 50,027 111.3 2021 Proj. Sep 1,231 56,111 4,213 61,555 10,797 1,268 49,490 109.6 Oct 1,240 56,185 4,353 61,778 10,439 1,268 50,071 111.0 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2019 845 43,435 131 44,411 7,103 937 36,371 95.1 2020 Proj. Sep 937 44,075 135 45,147 7,186 890 37,071 96.4 Oct 937 44,125 146 45,207 7,246 900 37,061 96.4 2021 Proj. Sep 890 44,538 132 45,560 7,140 905 37,515 97.1 Oct 900 44,578 132 45,610 7,260 915 37,435 96.9 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2019 303 5,818 12 6,133 639 233 5,261 16.0 2020 Proj. Sep 233 5,708 19 5,960 540 215 5,205 15.8 Oct 233 5,738 20 5,991 550 215 5,226 15.8 2021 Proj. Sep 215 5,770 12 5,997 555 230 5,212 15.7 Oct 215 5,770 16 6,001 570 230 5,201 15.7 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2019 1,153 49,781 146 51,080 7,824 1,175 42,081 112.5 2020 Proj. Sep 1,175 50,323 156 51,654 7,810 1,110 42,734 113.6 Oct 1,175 50,410 168 51,753 7,880 1,121 42,752 113.7 2021 Proj. Sep 1,110 50,848 147 52,105 7,765 1,140 43,200 114.2 Oct 1,121 50,887 151 52,159 7,914 1,150 43,095 114.0 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2019 2,419 104,889 4,421 111,728 17,177 2,504 92,047 224.4 2020 Proj. Sep 2,504 105,912 4,565 112,982 18,269 2,341 92,372 224.1 Oct 2,504 106,008 4,770 113,282 18,143 2,361 92,779 225.0 2021 Proj. Sep 2,341 106,959 4,360 113,660 18,562 2,408 92,690 223.9 Oct 2,361 107,072 4,504 113,937 18,353 2,418 93,166 224.9 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready- to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. October 2020 WASDE - 605 - 33 U.S. Egg Supply and Use Commodity 2018 2019 2020 Proj. 2020 Proj. 2021 Proj. 2021 Proj. Sep Oct Sep Oct Eggs Million Dozen Supply Beginning Stocks 23.4 22.7 108.7 31.6 130.0 31.0 Production 9,205.0 9,447.5 9,248.0 9,253.0 9,375.0 9,390.0 Imports 17.8 14.6 14.2 14.2 16.0 16.0 Total Supply 9,246.2 9,484.8 9,370.9 9,298.8 9,521.0 9,437.0 Use Exports 333.2 333.9 339.6 349.6 335.0 335.0 Hatching Use 1,057.5 1,081.2 1,080.7 1,077.7 1,105.0 1,105.0 Ending Stocks 22.7 31.6 130.0 31.0 135.0 33.0 Disappearance Total 7,832.9 8,038.1 7,820.6 7,840.5 7,946.0 7,964.0 Per Capita (number) 287.5 293.6 284.2 285.0 287.4 288.0 Tota l U.S. Milk Supply and Use Commodity 2018 2019 2020 Proj. 2020 Proj. 2021 Proj. 2021 Proj. Sep Oct Sep Oct Milk Billion Pounds Production 217.6 218.4 222.0 222.3 225.4 225.5 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 13.4 13.8 13.6 13.6 13.2 14.0 Marketings 216.6 217.4 221.0 221.3 224.4 224.5 Imports 6.3 6.9 6.9 6.9 6.7 6.7 Total Cml. Supply 236.2 238.1 241.6 241.8 244.3 245.2 Fat Basis Use Commercial Exports 10.4 9.1 9.4 9.3 9.6 9.5 Ending Commercial Stocks 13.8 13.6 13.2 14.0 13.1 13.8 CCC Donations 0.0 0.2 0.3 0.3 0.0 0.0 Domestic Commercial Use 212.1 215.2 218.7 218.2 221.6 221.9 Skim -solid Basis Supply Beg. Commercial Stocks 11.8 10.7 10.2 10.2 10.2 10.5 Marketings 216.6 217.4 221.0 221.3 224.4 224.5 Imports 5.5 5.8 5.7 5.7 5.7 5.7 Total Cml. Supply 233.8 233.9 236.8 237.2 240.2 240.7 Skim -solid Basis Use Commercial Exports 44.6 41.5 47.2 47.1 47.2 47.8 Ending Commercial Stocks 10.7 10.2 10.2 10.5 10.1 10.2 CCC Donations 0.0 0.2 0.1 0.1 0.0 0.0 Domestic Commercial Use 178.5 181.9 179.3 179.5 182.9 182.7 Tota l CCC Donations include purchases made through the USDA Trade Mitigation program. They do not include products purchased under other programs. Dairy domestic commercial use for 2020 includes additional milk marketed but not processed. Note: Totals ma y not add due to rounding. October 2020 WASDE - 605 - 34 U.S. Dairy Prices Commodity 2018 2019 2020 Proj. 2020 Proj. 2021 Proj. 2021 Proj. Sep Oct Sep Oct Product Prices 1/ Dollars Per Pound Cheese 1.5377 1.7586 1.835 1.910 1.705 1.800 Butter 2.2572 2.2431 1.600 1.595 1.675 1.705 Nonfat Dry Milk 0.7945 1.0419 1.025 1.035 1.010 1.050 Dry Whey 0.3422 0.3799 0.350 0.350 0.350 0.360 Filler Dollars Per Cwt Milk Prices 2/ Class III 14.61 16.96 17.25 18.00 16.00 17.00 Class IV 14.23 16.30 13.40 13.50 13.60 14.10 All Milk 3/ 16.27 18.63 17.75 18.00 17.00 17.60 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated pla nts for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . October 2020 WASDE - 605 - 35 Reliability of October Projections 1/ Note: Tables on pages 35 -37 present a record of the October projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 1.6 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 2.8 pe rcent. The average difference between the October projection and the final estimate is 7.1 million tons, ranging from 0.1 million to 26.7 million tons. The October projection has been below the estimate 27 times and above 11 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 1.6 2.8 7.1 0.1 26.7 27 11 U.S. 0.6 1.0 0.2 0.0 1.2 12 17 Foreign 1.9 3.2 7.1 0.1 26.8 27 11 Exports World 5.6 9.6 6.0 0.0 19.3 29 8 U.S. 8.3 14.0 2.2 0.3 10.0 17 21 Foreign 6.7 11.4 5.6 0.5 17.3 31 7 Domestic Use World 1.5 2.5 6.5 0.5 22.7 21 17 U.S. 6.1 10.3 1.6 0.1 3.6 10 28 Foreign 1.5 2.6 6.4 0.2 20.3 22 16 Ending Stocks World 7.9 13.4 10.0 0.6 32.5 30 8 U.S. 11.5 19.4 2.1 0.0 6.8 23 15 Foreign 8.4 14.2 8.5 0.0 29.3 30 8 COARSE GRAINS 2/ Production World 1.9 3.2 15.5 0.8 51.9 30 8 U.S. 2.7 4.5 4.6 0.1 17.9 22 16 Foreign 2.5 4.2 15.1 0.6 61.4 31 7 Exports World 7.2 12.2 7.2 0.1 28.9 26 12 U.S. 15.6 26.5 6.8 0.7 19.3 17 21 Foreign 12.9 22.0 7.5 0.6 21.4 25 13 Domestic Use World 1.5 2.6 12.1 0.2 42.4 25 13 U.S. 3.6 6.2 5.8 0.0 17.0 19 19 Foreign 1.8 3.0 11.1 0.0 42.1 26 12 Ending Stocks World 13.6 23.2 18.3 0.2 170.0 30 8 U.S. 22.0 37.4 8.7 0.5 29.1 21 17 Foreign 16.7 28.3 15.9 0.7 153.5 32 6 RICE, milled Production World 2.3 3.8 6.3 0.0 20.9 29 8 U.S. 3.3 5.5 0.2 0.0 0.5 21 17 Foreign 2.3 3.9 6.3 0.1 21.0 29 9 Exports World 9.3 15.7 1.8 0.1 6.3 27 11 U.S. 10.2 17.3 0.2 0.0 0.8 19 17 Foreign 10.6 17.9 1.7 0.0 6.3 27 11 Domestic Use World 1.8 3.1 4.3 0.3 20.3 29 9 U.S. 7.8 13.3 0.2 0.0 0.6 19 18 Foreign 1.8 3.1 4.3 0.1 20.7 29 9 Ending Stocks World 11.4 19.3 5.8 0.2 26.6 30 8 U.S. 23.8 40.3 0.2 0.0 0.8 20 17 Foreign 11.9 20.2 5.9 0.1 26.6 31 7 1/ Footnotes at end of table. CONTINUED October 2020 WASDE - 605 - 36 Reliability of October Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 4.4 7.4 6.5 0.1 28.7 19 19 U.S. 2.8 4.8 1.5 0.0 4.0 17 21 Foreign 7.1 12.0 6.4 0.0 28.1 18 20 Exports World 7.6 13.0 4.0 0.3 16.5 24 14 U.S. 11.4 19.3 2.8 0.1 8.6 23 15 Foreign 17.9 30.3 3.2 0.1 19.1 18 20 Domestic Use World 3.1 5.2 4.3 0.0 14.0 22 16 U.S. 3.8 6.4 1.4 0.0 4.5 24 13 Foreign 3.8 6.4 4.1 0.1 11.0 24 14 Ending Stocks World 17.3 29.4 4.9 0.3 18.6 22 16 U.S. 43.1 73.2 2.2 0.0 6.6 8 30 Foreign 19.0 32.2 4.4 0.3 19.9 20 18 COTTON Million 480 -Pound Bales Production World 4.5 7.6 2.9 0.0 10.9 20 17 U.S. 4.8 8.1 0.7 0.0 1.8 22 16 Foreign 5.1 8.7 2.6 0.0 10.5 19 18 Exports World 7.6 12.9 1.9 0.1 8.5 22 16 U.S. 17.5 29.7 1.1 0.1 3.1 22 16 Foreign 10.3 17.5 1.5 0.1 8.3 19 19 Domestic Use World 4.9 8.4 3.5 0.1 19.5 17 21 U.S. 10.1 17.1 0.4 0.0 1.2 18 19 Foreign 4.9 8.4 3.4 0.0 18.6 17 21 Ending Stocks World 13.4 22.7 5.2 0.0 15.8 23 14 U.S. 32.1 54.5 1.1 0.0 4.3 11 26 Foreign 14.4 24.4 4.9 0.2 15.6 27 11 1/ Marketing years 1981/82 through 2019/20 for grains, soybeans (U.S. only), and cotton. There was no WASDE published in October 2013, due to a partial government shutdown, so no 2013/14 forecasts were published for that month. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2018/19, and for 2019/20 the last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. October 2020 WASDE - 605 - 37 Reliability of United States October Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 2.8 4.8 180 5 618 21 17 Exports 16.1 27.4 245 12 700 17 21 Domestic Use 3.9 6.7 228 5 600 21 17 Ending Stocks 24.8 42.1 327 18 1,187 21 17 SORGHUM Production 4.8 8.1 19 0 71 21 16 Exports 25.4 43.2 40 1 130 21 17 Domestic Use 20.9 35.4 38 0 125 18 19 Ending Stocks 48.3 82.0 29 0 142 13 24 BARLEY Production 1.4 2.5 4 0 24 9 16 Exports 53.1 90.2 11 0 38 16 17 Domestic Use 7.7 13.0 18 0 70 13 24 Ending Stocks 14.0 23.7 14 1 56 24 14 OATS Production 2.5 4.2 2 0 18 6 12 Exports 90.2 153.1 1 0 8 9 12 Domestic Use 5.4 9.1 11 0 39 13 24 Ending Stocks 22.8 38.8 15 0 47 26 11 SOYBEAN MEAL Thousand Short Tons Production 3.6 6.1 1,096 105 2,815 26 12 Exports 11.6 19.7 741 0 2,200 22 15 Domestic Use 3.5 5.9 776 45 2,650 22 16 Ending Stocks 32.2 54.6 49 0 198 15 15 SOYBEAN OIL Million Pounds Production 3.8 6.4 511 1 1,473 28 10 Exports 30.0 50.9 389 25 1,525 22 16 Domestic Use 3.9 6.6 461 20 1,928 25 13 Ending Stocks 26.2 44.5 397 35 1,327 19 19 ANIMAL PROD. Million Pounds Beef 3.9 6.6 779 18 2,461 23 14 Pork 3.2 5.4 405 2 1,592 19 18 Broilers 1.8 3.1 418 23 1,337 23 14 Turkeys 3.7 6.3 143 2 444 19 18 Million Dozen Eggs 1.8 3.1 104 4 468 24 13 Billion Pounds Milk 1.5 2.6 1.9 0.2 6.8 19 18 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2019/20 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate followin g the marketing year for 1981/82 through 2018/19, and for 2019/20 the last month’s estimate. Calendar years 1982 through 2019 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982- 2019. There was no WASDE published in October 2013, due to a partial government shutdown, so no 2013/14 forecasts in that month were published for grains, soybeans, and cotton, and no 2013 forecast was published in that month for animal products. WASDE- 605-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. I PAD is located at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ To subscribe to receive WASDE -related notifications by email or text message visit https://public.govdelivery.com/accounts/USDAOC/subscriber/new?topic_id=USDAOC_223 . Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at 202 -720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE -605 – October 9, 2020 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202 - 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250 -9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 636 Approved by the World Agricultural Outlook Board May 12, 2023 WHEAT: The 2023/24 outlook for U.S. wheat is for reduced supplies and exports, increased domestic use, and smaller stocks compared with 2022/23. U.S. wheat supplies are forecast lower than last year with smaller beginning stocks and only slightly larger production. All wheat production is projected at 1,659 million bushels, up modestly from last year on increased harvested area. However, the harvest -to-plant ratio is down from last year with above -average abandonment in Texas, Oklahoma, and Kansas. The all wheat yield, projected at 44.7 bushels per acre, is 1.8 bushels lower than last year. The first survey -based production forecast for 2023/24 winter wheat is up 2 percent from last year as higher Soft Red Winter production more than offsets a decline in Hard Red Winter and White wheat. Total 2023/24 domestic use is projected at 1,112 million bushels, up 1 percent from last year, primarily on increased feed and residual use. Exports are projected at 725 million bushels, 50 million lower than last year. Ending stocks are projected 11 percent lower than last year and the lowest in 16 years. The projected 2023/24 season- average farm price is $8.00 per bushel, down $0.85 from last year’s record. The global wheat outlook for 2023/24 is for lower supplies, trade, consumption, and ending stocks compared with 2022/23. Global production is forecast at a record 789.8 million tons, up 1.5 million. Larger crops in several countries, including Argentina, Canada, China, the EU, and India are partly offset by sizeable declines in Australia, Russia, Ukraine, and Kazakhstan. The largest increase is for Argentina, where production is expected to recover from a significant drought. Near- record production is forecast in Canada on expanded area reported in the Statistics Canada planting intentions survey. EU production is forecast higher, benefiting from above- average precipitation for nearly all EU member countries except Spain and Portugal. Production in Russia is forecast lower on reduced area and yields from last year’s record. In Ukraine, production is forecast down 21 percent from the prior year, mostly due to the war with Russia. After three consecutive record crops, production in Australia is forecast to decrease substantially as yields revert to average. Projected world consumption at 791.7 million tons is down 3.0 million compared with last year on reduced feed and residual use. Larger feed grain supplies in 2023/24 make wheat less competitive. The largest feed and residual reductions are in Ukraine, India, Russia, and China. Global trade is projected at 209.7 million tons, a decline of 5.5 million from 2022/23. Russia is expected to once again be the largest exporter followed by the EU, Canada, Australia, the United States, and Argentina. Sharp decreases in exports for Australia, India, and Ukraine more than offset increases for Argentina, the EU, and Russia. Projected ending stocks for 2023/24 are down 1.9 million tons to 264.3 million. Stocks are forecast to decline in Russia and the EU but increase in Chi na and India. If realized, this would represent the lowest global stocks -to-use ratio since 2014/15 with more than half of global stocks held in China. COARSE GRAINS: The 2023/24 U.S. corn outlook is for larger production, greater domestic use and exports, and higher ending stocks. The corn crop is projected at a record 15.3 billion bushels, up more than 10 percent from last year on increases to both area and yield. The yield projection of 181.5 bushels per acre is based on a weather -adjusted trend assuming normal planting progress and WASDE- 636-2 summer growing season weather, estimated using the 1988 -2022 time period. With beginning stocks up slightly, total corn supplies are forecast at 16.7 billion bushels, the highest since 2017/18. Total U.S. corn use for 2023/24 is forecast to rise about 5 percent relative to a year ago on higher domestic use and exports. Food, seed, and industrial use is projected to rise 55 million bushels to 6.7 billion. Corn used for ethanol is projected to increase 1 percent, based on expectations of modest growth in motor gasoline consumption and ethanol’s inclusion rate into gasoline. Feed and residual use is projected higher on a larger crop and lower expected prices. U.S. corn exports for 2023/24 are forecast to rise 325 million bushels to 2.1 billion, as lower prices support a sharp increase in global trade following the decline seen during 2022/23. U.S. market share is expected to increase slightly albeit remain below the average of the past 5 years. Exports are higher for Argentina and Brazil, with the former reflecting a return to normal weather conditions after a drought during 2022/23. Despite a rebound in U.S. exports, Brazil is forecast to be the world’s largest exporter of corn for the second consecutive year. Exports for Ukraine are projected to decline based on lower production prospects. With total U.S. corn supply rising more than use, 2023/24 ending stocks are up 805 million bushels from last year and if realized would be the highest in absolute terms since 2016/17. Stocks would represent 15.3 percent of use, the highest since 2018/19. The season -average farm price is projected at $4.80 per bushel, down $1.80 from 2022/23. The global coarse grain outlook for 2023/24 is for record production and use, and larger ending stocks. World corn production is forecast record high, with the largest increases for the United States, Argentina, the EU, China, and Serbia. Partly offsetting are smaller crops projected for Ukraine and Brazil. World corn use is expected to rise about 4 percent, with foreign consumption increasing by a similar amount. With lower prices, world corn imports are forecast to grow just over 5 percent, driven by increases for several countries, including China, Egypt, Vietnam, Algeria, Mexico, and Colombia. Partly offsetting are reductions for the EU and Turkey. Global corn ending stocks are up 15.5 million tons to 312.9 million, mostly reflecting larger stocks for the United States that are partly offset by declines for Brazil and China. For China, total coarse grain imports for 2023/24 are forecast at 38.4 million tons, up 7.2 million from a year ago but below the record 50.5 million reached during 2020/21. Expectations are for China’s internal market prices for energy feedstuffs to remain higher than the world market. Corn imports are expected to rise 5.0 million tons to 23.0 million supported by imports from 3 major exporting countries: the United States, Brazil, and Ukraine. China’s barley imports are projected at 7.0 million tons and sorghum at 8.0 million. RICE : The 2023/24 outlook for U.S. rice is for larger supplies, exports, domestic use, and ending stocks. Total 2023/24 supplies are projected at 259.3 million cwt, up 8 percent from 2022/23 as higher production more than offsets lower beginning stocks and fractionally smaller imports. All rice produ ction is projected at 192.7 million cwt, up 20 percent from the previous year on increased harvested area and higher expected yields. The 2023/24 projected all rice yield is 7,587 pounds per acre, up 204 pounds from last year. Total 2023/24 imports are down only slightly from last year’s record at 39.0 million cwt. Total 2023/24 domestic and residual use is projected higher at 154.0 million cwt, reflecting greater supplies and would be the largest on record. Total exports are projected at 74.0 million c wt on larger supplies and reduced U.S. prices. However, continued South American competition is expected to limit the expansion of U.S. long-grain exports. All rice 2023/24 ending stocks are projected at 31.3 million cwt, up 13 percent from last year. The 2023/24 all rice season -average farm price (SAFP) is projected at $17.60 per cwt, down from the 2022/23 SAFP of $19.40, which is a record. WASDE- 636-3 The global rice outlook for 2023/24 is for record production and use, steady trade, and reduced ending stocks. W orld 2023/24 production is projected at 520.5 million tons, primarily driven by increases for China, Pakistan, India, and the United States. Global 2023/24 rice consumption is projected at 523.0 million tons, mostly on higher use by India, Bangladesh, and the Philippines offsetting a reduction by China. Global trade for 2023/24 is projected at 55.8 million tons, slightly higher than last year as increased exports from Pakistan and the United States more than offset reductions for Thailand and Vietnam. India remains the leading exporter at 22.5 million tons, matching last year’s record. Projected 2023/24 world ending stocks are 166.7 million tons, down 2.5 million from last year as ending stocks are at a 6 -year low. OILSEEDS: The 2023/24 outlook for U.S. soybeans is for higher supplies, crush, and ending stocks, and lower exports compared with 2022/23. The soybean crop is projected at 4.51 billion bushels, up 5 percent from last year’s crop mainly on higher yields. With lower beginning stocks partly offsetting increased production, soybean supplies are forecast at 4.75 billion bushels, up 4 percent from 2022/23. Total U.S. oilseed production for 2023/24 is projected at 132.8 million tons, up 6.9 million from 2022/23 mainly on higher soybean production. Production forecasts are also higher for canola, peanuts, and cottonseed. The U.S. soybean crush for 2023/24 is projected at 2.31 billion bushels, up 90 million from the 2022/23 forecast on favorable crush margins and strong demand for soybean oil as a biofuel feedstock, which is projected to increase 900 million pounds to 12.5 billion. Domestic soybean meal disappearance is forecast to increase 2 percent from 2022/23 on lower soybean meal prices and modest growth primarily in poultry production. U.S. soybean meal exports are forecast at 14.8 million short tons, leaving the U.S share of global trade slightly above the prior 5 -year average. U.S. soybean exports are forecast at 1.98 billion bushels, down 40 million from 2022/23 with strong competition from increasing South American production and limited gains in global import demand. U.S. ending stocks for 2023/24 are projected at 335 million bushels, up 120 million from the revised 2022/23 forecast. Soybean and product prices are all forecast lower for 2023/24. The 2023/24 U.S. season -average soybean price is forecast at $12.10 per bushel compared with $14.20 per bushel in 2022/23. Soybean meal prices are forecast at $365 per short ton, down $90. Soybean oil prices are forecast at 58 cents per pound, down 6 cents from 2022/23. The 2023/24 global oilseed outlook shows higher production, crush, and ending stocks compared with last marketing year. Global production is rising 43.8 million tons to 671.2 million mainly on higher soybean production for South America and the United States, higher sunflowerseed for the EU, and higher rapeseed for the EU and Canada. Partly offsetting is lower rapeseed production for Australia on a lower yield after 3 years of exceptional weather conditions. Combined production for major South American producers (Brazil, Argentina, Paraguay, and Uruguay) is growing 31.9 million tons after last year’s drought in southern South America and a higher expected area. Global 2023/24 oilseed crush is growing 20.7 million tons to 542.5 m illion, with most of the growth in soybean crush for Argentina, China, Brazil, and the United States. Soybean products account for the majority of the growth in oilseed meal and vegetable oil trade, counter to last marketing year when lower Argentine supplies depressed soybean product exports and were replaced by palm oil and sunflowerseed and rapeseed products. The growth in global oilseed trade is slower than the prior decade, increasing less than 1 percent in 2023/24 as higher soybean exports are mostly offset by lower rapeseed and sunflowerseed shipments. Trade is limited by higher oilseed production in major importing countries and lower production in major exporters of rapeseed. For the EU, higher oilseed production drives lower import demand of sunflowerseed, rapeseed, soybeans, and products. Larger soybean crush for China also WASDE- 636-4 reduces demand for rapeseed and products. Rapeseed production in major exporters, particularly Australia and Ukraine, is also down. Global 2023/24 soybean trade is growing 4.0 million tons to 172.4 million, reflecting increased demand by China and higher imports for Pakistan, Egypt, and Bangladesh after last marketing year’s declines. China’s imports are rising 2.0 million tons to 100.0 million, a slower rate than the prior decade. With projected weaker growth for China and EU soybean imports , coupled with record South American supplies, the U.S. share of global exports is expected to decline. Global 2023/24 soybean ending stocks are projected up 21.5 million tons to 122.5 million, with most of the increase for Brazil, Argentina, the United States, and China. The ending stocks figure includes mid-season stocks (September 30, 2024) for Brazil and Argentina and reflects growing supplies leading into the 2024 U.S. expor t season. SUGAR : U.S. sugarbeet production for 2023/24 is projected at 33.345 million tons with yield forecast at 30.77 tons/acre and area harvested projected at 1.084 million acres. Recent year regional averages and trends are applied to NASS forecasts of area planted from Prospective Plantings for projected planted -to-harvest ratios and State- level sugarbeet yields. Assuming average regional levels of beet pile shrink and slicing recovery, beet sugar production for the August -July crop year and fiscal year is at 4.961 million short tons, raw value (STRV). Cane sugar production for 2023/24 is projected at 4.264 million STRV. Based on analysis of area and yield developments, production levels in Florida, Louisiana, and Texas are expected to be modestly above 2022/23 levels. For 2022/23, Florida cane production is decreased by 28,669 STRV to 2.015 million on processors’ reporting. TRQ imports for 2023/24 are projected at 1.413 million STR V with levels set at minimum levels consistent with the WTO and FTA bindings and with TRQ shortfall projected at 94,059. Re-export imports are projected at 250,000 STRV and high -tier tariff imports at 120,000 STRV. Imports from Mexico for 2023/24 are projected at 1.517 million STRV. For 202 2/23, imports from Mexico are reduced by 64,987 STRV as Mexico is expected to produce less low polarity sugar than previously estimat ed, and refined exports are reduced to assure that no more than 30 percent of the total is refined. Deliveries for 2022/23 are increased by 75,000 STRV to 12.675 million on pace to date and that amount is carried over to 2023/24. Ending stocks for 2023/24 are projected at 1.444 million STRV, implying a stocks -to-use ratio of 11.26 percent. Mexico production for 2023/24 is projected at 5.900 million metric tons (MT). Area harvested is expected to be at a level similar to 2022/23, and yield and recovery are expected to be closer to historical trend. Production in 2022/23 is lowered 175,000 MT to 5.385 million. Sugarcane yield is estimated at a low 59.98 MT/hectare and recovery is estimated at 11.04 percent. Factories are shutting down, in some cases sooner than expected. If the rem aining factories follow suit by shutting down earlier than anticipated, production could be lower by even more. The current production estimate for below -99.2 polarity sugar is 767,520 MT. Based on the pace for the first 6 months of the crop year, deliveries for human consumption in 2022/23 are lowered by 82,735 MT to 4.085 million while high fructose corn syrup deliveries are increased by 116,000 MT to 1.407 million. Deliveries for IMMEX in 2022/23 are estimated at 350,000 MT. Until more information becomes available, imports for IMMEX are unchanged at 25,000 MT, the same level as in 2021/22. For 2023/24, deliveries for human consumption are increased on expected population growth and IMMEX deliveries are projected at 500,000 M T, a return to trend levels. Stocks for both years are calculated at levels consistent with having enough sugar available for 2.3 months to meet delivery requirements in the succeeding year before the new sugarcane campaign begins in November. Exports for 2023/24 are projected residually at 1.298 million MT and all will go to the U.S. market under export license. LIVESTOCK, POULTRY, AND DAIRY : Total U.S. red meat and poultry production for 2024 is forecast one percent below 2023, as lower beef and fractionally lower pork production offsets higher WASDE- 636-5 poultry production. Beef production is forecast lower with expected declines in both fed and non -fed cattle supplies. Pork production is forecast slightly lower. Weaker expected farrowings in second- half 2023 will constrain production growth in the first part of 2024, but higher hog prices and lower expected feed prices during 2023/24 are expected to stimulate a modest increase in 2024 farrowings, supporting higher production in the la tter part of the year. Higher forecast broiler production reflects declining feed costs and tight supplies of alternative meat proteins. Turkey production is projected higher as the sector continues to recover from Highly Pathogenic Avian Influenza. Egg production is forecast higher with flock rebuilding. Total red meat and poultry production forecasts for 2023 are raised from last month. Higher beef, pork, and broiler production more than offset a reduction in turkey. Beef production is raised on recent slaughter data and larger -than-previously -forecast first-half placements, supporting higher slaughter of steers and heifers in the second half. Cow slaughter is raised as well, as forage supplies remain tight despite some improvements in pasture conditions. Pork production is raised slightly on recent production data. Based on recent slaughter and hatchery data, broiler production was lowered for the second quarter, but raised for the second half of the year as feed prices are expected to decline and second -half prices remain steady. Turkey production forecast is lowered on recent hatchery data. Egg production is lowered on recent hatchery data and weaker expected egg prices. For 2024, beef exports are down from 2023, on lower production . Beef imports are projected higher on tight domestic supplies. Pork imports are slightly higher, while exports are lower, with offsetting gains in several markets. Broiler and t urkey exports are both forecast higher on increased production. For 2023, beef, pork, and broiler exports are raised largely on recent trade data. For 2024, cattle prices are forecast above 2023 on tighter supplies. Hog prices are forecast higher on improved demand and slightly lower supplies. Broiler and turkey prices are forecast lower with increased production. The egg price is forecast lower with increased supplies. The 2023 cattle price forecast is raised on recent data and tighter supplies expected later in the year. Hog prices are lowered on prices to date and weaker -than-expected demand, while broiler prices are raised on recent data. Turkey prices are unchanged. Milk production for 2024 is forecast above 2023, driven by gains in milk per cow and an additional milking day. Commercial exports on both fat and skim -solids bases are forecast higher than 2023. Gains are expected in butter and milkfat products, non -fat dry milk (NDM), cheese, whey, and lactose. Imports are projected unchanged on a fat basis but higher on a skim -solids basis, with higher imports of cheese, milk proteins, and several other dairy products offset by lower butter fat products. The Class III price is forecast lower on weaker whey prices. The Class IV price is forecast lower as well, with prices for butter and non -fat dry milk projected lower. The 2024 all milk price is forecast at $19.90 per cwt. The 2023 milk production forecast is low ered from the previous month. Cow inventories are raised but growth in milk per cow is slower. Fat-basis exports are lowered from the previous month, mainly on weaker butter and milkfat shipments, offset by stronger cheese. The skim -solids basis export forecast is higher on stronger skim milk powder and cheese exports, but partly offset by weaker whey exports. Imports on a skim -solids basis are lowered from last month on lower milk protein imports. Imports on a fat basis are unchanged. Butter and NDM p rices are raised from last month on strong (Continued on page 39) WASDE- 636-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone, ICEC Chair, WAOB, [email protected] Andrew Sowell, ERS; Rachel Trego, FAS; Bruce McWilliams, FPAC. Rice: Mark Simone, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS; Kent Lanclos, FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Todd Hubbs, ERS; Kevin Min, FAS; Jacob Vuillemin, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Maria Bukowski, ERS; Agata Kingsbury, FAS; Gustavo Ferreira, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; Graham Soley, FAS; Kent Lanclos, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Vida Abadam, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; John Brower, FAS; Georgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Grace Grossen, ERS; Claire Mezoughem, FAS; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Angel Teran, ERS; Jeffery Dwyer, FAS; Georgi Gabrielyan, FPAC. In 2023 the WASDE report will be released on Jun 9, Jul 12, Aug 11, Sep 12, Oct 12, Nov 9, and Dec 8. WASDE- 636-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Production .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 May 2023 WASDE - 636 - 8 World and U.S. Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2021/22 2798.13 3593.89 513.28 2803.55 790.34 2022/23 (Est.) 2738.00 3528.35 485.75 2768.15 760.19 filler filler filler filler filler 2023/24 (Proj.) Apr NA NA NA NA NA 2023/24 (Proj.) May 2819.82 3580.01 500.44 2810.20 769.81 filler filler filler filler filler Wheat 2021/22 780.29 1065.79 202.98 793.12 272.67 2022/23 (Est.) 788.26 1060.94 215.24 794.65 266.28 filler filler filler filler filler 2023/24 (Proj.) Apr NA NA NA NA NA 2023/24 (Proj.) May 789.76 1056.05 209.72 791.70 264.34 filler filler filler filler filler Coarse Grains 5/ 2021/22 1503.97 1827.05 253.44 1491.66 335.39 2022/23 (Est.) 1441.33 1776.72 215.02 1451.98 324.73 filler filler filler filler filler 2023/24 (Proj.) Apr NA NA NA NA NA 2023/24 (Proj.) May 1509.53 1834.26 234.91 1495.48 338.78 filler filler filler filler filler Rice, milled 2021/22 513.87 701.05 56.87 518.77 182.28 2022/23 (Est.) 508.41 690.70 55.49 521.52 169.18 filler filler filler filler filler 2023/24 (Proj.) Apr NA NA NA NA NA 2023/24 (Proj.) May 520.52 689.70 55.81 523.02 166.68 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2021/22 448.60 513.38 94.85 360.68 57.85 2022/23 (Est.) 408.46 474.26 70.50 348.04 55.72 filler filler filler filler filler 2023/24 (Proj.) Apr NA NA NA NA NA 2023/24 (Proj.) May 453.29 516.49 81.49 359.39 75.61 filler filler filler filler filler Wheat 2021/22 44.80 70.40 21.78 29.61 19.01 2022/23 (Est.) 44.90 67.31 21.09 29.94 16.28 filler filler filler filler filler 2023/24 (Proj.) Apr NA NA NA NA NA 2023/24 (Proj.) May 45.16 65.12 19.73 30.26 15.12 filler filler filler filler filler Coarse Grains 5/ 2021/22 397.71 434.32 70.46 326.28 37.58 2022/23 (Est.) 358.47 399.34 47.47 313.31 38.56 filler filler filler filler filler 2023/24 (Proj.) Apr NA NA NA NA NA 2023/24 (Proj.) May 402.01 443.15 59.41 324.23 59.50 filler filler filler filler filler Rice, milled 2021/22 6.08 8.67 2.61 4.80 1.26 2022/23 (Est.) 5.09 7.61 1.94 4.79 0.88 filler filler filler filler filler 2023/24 (Proj.) Apr NA NA NA NA NA 2023/24 (Proj.) May 6.12 8.23 2.35 4.89 0.99 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). May 2023 WASDE - 636 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2021/22 2,349.53 3,080.51 418.44 2,442.87 732.49 2022/23 (Est.) 2,329.54 3,054.09 415.25 2,420.11 704.48 filler filler filler filler filler 2023/24 (Proj.) Apr NA NA NA NA NA 2023/24 (Proj.) May 2,366.52 3,063.52 418.95 2,450.81 694.19 filler filler filler filler filler Wheat 2021/22 735.49 995.39 181.20 763.51 253.66 2022/23 (Est.) 743.36 993.62 194.14 764.71 250.00 filler filler filler filler filler 2023/24 (Proj.) Apr NA NA NA NA NA 2023/24 (Proj.) May 744.61 990.93 189.99 761.44 249.22 filler filler filler filler filler Coarse Grains 5/ 2021/22 1,106.26 1,392.74 182.98 1,165.38 297.81 2022/23 (Est.) 1,082.86 1,377.38 167.55 1,138.67 286.18 filler filler filler filler filler 2023/24 (Proj.) Apr NA NA NA NA NA 2023/24 (Proj.) May 1,107.51 1,391.11 175.50 1,171.24 279.28 filler filler filler filler filler Rice, milled 2021/22 507.78 692.38 54.26 513.97 181.02 2022/23 (Est.) 503.32 683.09 53.56 516.72 168.30 filler filler filler filler filler 2023/24 (Proj.) Apr NA NA NA NA NA 2023/24 (Proj.) May 514.41 681.47 53.46 518.13 165.69 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2021/22 115.78 202.00 43.00 115.90 86.16 2022/23 (Est.) 116.36 202.51 38.27 109.63 92.63 filler filler filler filler filler 2023/24 (Proj.) Apr NA NA NA NA NA 2023/24 (Proj.) May 115.69 208.32 42.85 116.23 92.28 filler filler filler filler filler United States 2021/22 17.52 20.68 14.62 2.55 3.75 2022/23 (Est.) 14.47 18.22 12.60 2.10 3.50 filler filler filler filler filler 2023/24 (Proj.) Apr NA NA NA NA NA 2023/24 (Proj.) May 15.50 19.01 13.50 2.20 3.30 filler filler filler filler filler Foreign 4/ 2021/22 98.26 181.32 28.38 113.35 82.41 2022/23 (Est.) 101.89 184.29 25.67 107.53 89.13 filler filler filler filler filler 2023/24 (Proj.) Apr NA NA NA NA NA 2023/24 (Proj.) May 100.19 189.32 29.35 114.03 88.98 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. May 2023 WASDE - 636 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2021/22 610.63 726.43 178.97 510.74 117.52 2022/23 (Est.) 627.44 744.96 200.18 521.84 117.93 filler filler filler filler filler 2023/24 (Proj.) Apr NA NA NA NA NA 2023/24 (Proj.) May 671.23 789.16 200.75 542.53 139.03 filler filler filler filler filler Oilmeals 2021/22 349.64 368.44 96.17 346.74 19.30 2022/23 (Est.) 355.51 374.81 95.00 355.28 16.33 filler filler filler filler filler 2023/24 ( Proj.) Apr NA NA NA NA NA 2023/24 (Proj.) May 371.25 387.58 99.37 365.58 18.41 filler filler filler filler filler Vegetable Oils 2021/22 207.86 236.55 79.40 202.55 29.10 2022/23 (Est.) 217.05 246.15 87.27 211.34 30.05 filler filler filler filler filler 2023/24 (Proj.) Apr NA NA NA NA NA 2023/24 (Proj.) May 223.29 253.34 88.68 217.99 30.59 filler filler filler filler filler United States Output Total Supply Trade Total Use 2 / Ending Stocks Oilseeds 2021/22 131.35 141.16 59.71 63.87 9.14 2022/23 (Est.) 125.93 136.52 55.70 64.73 7.58 filler filler filler filler filler 2023/24 (Proj.) Apr NA NA NA NA NA 2023/24 (Proj.) May 132.85 141.67 54.82 67.21 10.89 filler filler filler filler filler Oilmeals 2021/22 49.27 53.22 12.44 40.43 0.35 2022/23 (Est.) 50.07 54.60 12.75 41.45 0.40 filler filler filler filler filler 2023/24 (Proj.) Apr NA NA NA NA NA 2023/24 (Proj.) May 51.81 56.39 13.67 42.26 0.45 filler filler filler filler filler Vegetable Oils 2021/22 13.06 19.61 1.05 17.29 1.27 2022/23 (Est.) 13.28 20.58 0.38 18.91 1.29 filler filler filler filler filler 2023/24 (Proj.) Apr NA NA NA NA NA 2023/24 (Proj.) May 13.71 21.28 0.45 19.58 1.26 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2021/22 479.28 585.27 119.27 446.87 108.38 2022/23 (Est.) 501.52 608.43 144.48 457.11 110.35 filler filler filler filler filler 2023/24 (Proj.) Apr NA NA NA NA NA 2023/24 (Proj.) May 538.38 647.49 145.92 475.32 128.14 filler filler filler filler filler Oilmeals 2021/22 300.37 315.22 83.73 306.31 18.95 2022/23 (Est.) 305.44 320.21 82.25 313.83 15.93 filler filler filler filler filler 2023/24 (Proj.) Apr NA NA NA NA NA 2023/24 (Proj.) May 319.44 331.19 85.69 323.32 17.96 filler filler filler filler filler Vegetable Oils 2021/22 194.81 216.94 78.35 185.27 27.83 2022/23 (Est.) 203.77 225.57 86.89 192.43 28.76 filler filler filler filler filler 2023/24 (Proj.) Apr NA NA NA NA NA 2023/24 (Proj.) May 209.58 232.05 88.23 198.42 29.34 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. May 2023 WASDE - 636 - 11 U.S. Wheat Supply and Use 1/ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Apr May Million Acres Area Planted 46.7 45.7 NA 49.9 * Area Harvested 37.1 35.5 NA 37.1 * Bushels Yield per Harvested Acre 44.3 46.5 NA 44.7 * Million Bushels Beginning Stocks 845 698 NA 598 Production 1,646 1,650 NA 1,659 Imports 95 125 NA 135 Supply, Total 2,587 2,473 NA 2,393 Food 972 975 NA 977 Seed 58 70 NA 65 Feed and Residual 59 55 NA 70 Domestic, Total 1,088 1,100 NA 1,112 Exports 800 775 NA 725 Use, Total 1,888 1,875 NA 1,837 Ending Stocks 698 598 NA 556 Avg. Farm Price ($/bu) 2/ 7.63 8.85 NA 8.00 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2022/23 (Est.) Beginning Stocks 376 146 99 54 24 698 Production 531 446 337 272 64 1,650 Imports 5 55 5 6 54 125 Supply, Total 3/ 912 647 441 332 142 2,473 Food 373 269 163 85 85 975 Seed 29 17 15 6 3 70 Feed and Residual 20 -10 65 -25 5 55 Domestic Use 422 276 243 66 93 1,100 Exports 220 220 110 200 25 775 Use, Total 642 496 353 266 118 1,875 Ending Stocks, Total May 269 151 88 66 24 598 Ending Stocks, Total Apr 262 151 88 66 31 598 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. * Planted acres reported in the March 31, 2023, "Prospective Plantings." Harvested acres and yi eld for other spring wheat and Durum are projected using 10- year harvested -to-planted ratios by state and 1985- 2022 yield trends by state (except for Arizona and California Durum). Winter wheat harvested acres and yield reported in the May 12, 2023,"Crop Production." ** Wheat -by-class projections for 2023/24 will first be published in the July 12, 2023, WASDE May 2023 WASDE - 636 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Apr May Million Acres Area Planted 105.8 100.4 NA 103.6 * Area Harvested 94.4 87.1 NA 92.6 * Metric Tons Yield per Harvested Acre 4.21 4.11 NA 4.34 Million Metric Tons Beginning Stocks 34.0 37.6 NA 38.5 Production 397.5 358.2 NA 401.7 Imports 2.3 3.0 NA 2.3 Supply, Total 433.8 398.7 NA 442.6 Feed and Residual 148.7 137.7 NA 147.3 Food, Seed & Industrial 177.1 175.0 NA 176.5 Domestic, Total 325.8 312.7 NA 323.7 Exports 70.5 47.5 NA 59.4 Use, Total 396.2 360.2 NA 383.1 Ending Stocks 37.6 38.5 NA 59.5 CORN 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. April May Million Acres Area Planted 93.3 88.6 NA 92.0 * Area Harvested 85.3 79.2 NA 84.1 * Bushels Yield per Harvested Acre 176.7 173.3 NA 181.5 * Million Bushels Beginning Stocks 1,235 1,377 NA 1,417 Production 15,074 13,730 NA 15,265 Imports 24 40 NA 25 Supply, Total 16,333 15,147 NA 16,707 Feed and Residual 5,721 5,275 NA 5,650 Food, Seed & Industrial 2/ 6,764 6,680 NA 6,735 Ethanol & by -products 3/ 5,326 5,250 NA 5,300 Domestic, Total 12,484 11,955 NA 12,385 Exports 2,471 1,775 NA 2,100 Use, Total 14,956 13,730 NA 14,485 Ending Stocks 1,377 1,417 NA 2,222 Avg. Farm Price ($/bu) 4/ 6.00 6.60 NA 4.80 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by- products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average pric e received by farmers. * Planted acres reported in the March 31, 2023, "Prospective Plantings." For corn, harvested acres projected based on historical abandonment and use for silage. The yield projection is based on a weather -adjusted trend, estimated using the 1988- 2022 time period, assuming normal planting progress and summer growing season weather. May 2023 WASDE - 636 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Apr May Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 7.3 6.3 NA 6.0 * Area Harvested (mil. acres) 6.5 4.6 NA 5.2 * Yield (bushels/acre) 69.0 41.1 NA 69.2 * Beginning Stocks 20 47 NA 25 Production 448 188 NA 360 Imports 0 0 NA 0 Supply, Total 468 235 NA 385 Feed and Residual 81 70 NA 70 Food, Seed & Industrial 45 50 NA 50 Total Domestic 127 120 NA 120 Exports 294 90 NA 235 Use, Total 421 210 NA 355 Ending Stocks 47 25 NA 30 Avg. Farm Price ($/bu) 2/ 5.94 6.90 NA 4.80 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. April May Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.7 2.9 NA 2.9 * Area Harvested (mil. acres) 2.0 2.4 NA 2.4 * Yield (bushels/acre) 60.3 71.7 NA 76.3 * Beginning Stocks 71 42 NA 66 Production 120 174 NA 183 Imports 15 23 NA 14 Supply, Total 206 239 NA 263 Feed and Residual 20 40 NA 40 Food, Seed & Industrial 137 130 NA 135 Total Domestic 157 170 NA 175 Exports 7 3 NA 3 Use, Total 164 173 NA 178 Ending Stocks 42 66 NA 85 Avg. Farm Price ($/bu) 2/ 5.31 7.35 NA 6.10 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. April May Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.6 2.6 NA 2.7 * Area Harvested (mil. acres) 0.7 0.9 NA 0.9 * Yield (bushels/acre) 61.3 64.8 NA 66.7 * Beginning Stocks 38 33 NA 32 Production 40 58 NA 60 Imports 81 85 NA 80 Supply, Total 159 175 NA 172 Feed and Residual 44 60 NA 60 Food, Seed & Industrial 79 81 NA 81 Total Domestic 124 141 NA 141 Exports 3 2 NA 2 Use, Total 126 143 NA 143 Ending Stocks 33 32 NA 29 Avg. Farm Price ($/bu) 2/ 4.55 4.65 NA 3.30 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. * Planted acres reported in the March 31, 2023, "Prospective Plantings." Harvested area for sorghum, barley and oats based on historical average harvested- to-planted ratios. For sorghum the projected yield is the median yield for 2003- 2022. For barley and oats, projected yields are based on the 1993 -2022 linear trends. Yields shown reflect production rounding. May 2023 WASDE - 636 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Apr May Million Acres Area Planted 2.53 2.22 NA 2.58 * Area Harvested 2.49 2.17 NA 2.54 * Fil ler Pounds Yield per Harvested Acre 7,709 7,383 NA 7,587 * Million Hundredweight Beginning Stocks 2/ 43.7 39.7 NA 27.6 Production 191.6 160.4 NA 192.7 Imports 37.8 39.5 NA 39.0 Supply, Total 273.0 239.6 NA 259.3 Domestic & Residual 3/ 151.1 151.0 NA 154.0 Exports, Total 4/ 82.2 61.0 NA 74.0 Rough 28.3 18.0 NA 21.0 Milled (rough equiv.) 53.9 43.0 NA 53.0 Use, Total 233.3 212.0 NA 228.0 Ending Stocks 39.7 27.6 NA 31.3 Avg. Milling Yield (%) 5/ 70.00 70.00 NA 70.00 Avg. Farm Price ($/cwt) 6/ 16.10 19.40 NA 17.60 Total LONG -GRAIN RICE 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. April May Harvested Acres (mil.) 1.94 1.77 Yield (pounds/acre) 7,471 7,224 Beginning Stocks 29.7 24.6 NA 16.8 Imports 30.7 31.0 NA 31.0 Production 144.6 128.2 NA 142.0 Supply, Total 7/ 205.0 183.8 NA 189.8 Domestic & Residual 3/ 119.7 119.0 NA 121.0 Exports 8/ 60.6 48.0 NA 52.0 Use, Total 180.3 167.0 NA 173.0 Ending Stocks 24.6 16.8 NA 16.8 Avg. Farm Price ($/cwt) 6/ 13.60 16.90 NA 15.00 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. April May Harvested Acres (mil.) 0.55 0.40 Yield (pounds/acre) 8,549 8,094 Beginning Stocks 11.5 13.0 NA 8.8 Imports 7.1 8.5 NA 8.0 Production 47.0 32.2 NA 50.7 Supply, Total 7/ 66.0 53.8 NA 67.5 Domestic & Residual 3/ 31.4 32.0 NA 33.0 Exports 8/ 21.5 13.0 NA 22.0 Use, Total 53.0 45.0 NA 55.0 Ending Stocks 13.0 8.8 NA 12.5 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 26.40 29.30 NA 25.70 California 10/ 31.90 36.00 NA 30.00 Other States 1/ 13.90 18.00 NA 16.50 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2019/20 -1.0; 2020/21-2.5; 2021/22 -2.0. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing -year weighted average price received by farme rs. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The California medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the f inal price may differ. 10/ Marketing year beginning October 1. * Planted acres reported in March 31, 2023, "Prospective Plantings. " Harvested acres are estimated using long run harvested -to-planted ratios by rice class. Projected yield is based on by class trend analysis. May 2023 WASDE - 636 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Apr May Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 87.2 87.5 NA 87.5 * Area Harvested 86.3 86.3 NA 86.7 * Fil ler Bushels Yield per Harvested Acre 51.7 49.5 NA 52.0 * Million Bushels Beginning Stocks 257 274 NA 215 Production 4,465 4,276 NA 4,510 Imports 16 20 NA 20 Supply, Total 4,738 4,571 NA 4,745 Crushings 2,204 2,220 NA 2,310 Exports 2,158 2,015 NA 1,975 Seed 102 102 NA 101 Residual 1 19 NA 25 Use, Total 4,464 4,355 NA 4,411 Ending Stocks 274 215 NA 335 Avg. Farm Price ($/bu) 2/ 13.30 14.20 NA 12.10 Total SOYBEAN OIL 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. April May Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 2,131 1,991 NA 1,936 Production 4/ 26,155 26,195 NA 27,145 Imports 303 325 NA 350 Supply, Total 28,590 28,511 NA 29,431 Domestic Disappearance 24,825 26,125 NA 27,000 Biofuel 3/ 10,348 11,600 NA 12,500 Food, Feed & other Industrial 14,477 14,525 NA 14,500 Exports 1,773 450 NA 600 Use, Total 26,599 26,575 NA 27,600 Ending stocks 1,991 1,936 NA 1,831 Avg. Price (c/lb) 2/ 72.98 64.00 NA 58.00 Total SOYBEAN MEAL 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. April May Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 341 311 NA 350 Production 4/ 51,814 52,464 NA 54,375 Imports 649 675 NA 650 Supply, Total 52,804 53,450 NA 55,375 Domestic Disappearance 38,970 39,300 NA 40,175 Exports 13,524 13,800 NA 14,800 Use, Total 52,493 53,100 NA 54,975 Ending Stocks 311 350 NA 400 Avg. Price ($/ s.t.) 2/ 439.81 455.00 NA 365.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects soybean oil used for biofuels as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,220 million bushels for 2022/23 and 2,310 million bushels for 2023/24. *Planted acres are reported in the March 31, 2023 Prospective Plantings repor t. Harvested acres are based on historical planted -to-harvested ratios. The projected yield is based on a weather -adjusted trend model and assumes normal weather. May 2023 WASDE - 636 - 16 U.S. Sugar Supply and Use 1/ 2021/22 2022/23 Est. 2022/23 Est. 2023/24 Proj. Apr May May Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,705 1,820 1,820 1,734 Production 2/ 9,157 9,306 9,283 9,225 Beet Sugar 5,155 5,150 5,155 4,961 Cane Sugar 4,002 4,156 4,127 4,264 Florida 1,934 2,044 2,015 2,065 Louisiana 1,944 2,034 2,034 2,092 Texas 124 78 78 107 Imports 3,646 3,511 3,446 3,300 TRQ 3/ 1,579 1,730 1,730 1,413 Other Program 4/ 298 250 250 250 Non-program 1,769 1,531 1,466 1,637 Mexico 1,379 1,306 1,241 1,517 High -tier tariff/other 390 225 225 120 Total Supply 14,508 14,637 14,549 14,259 Exports 29 35 35 35 Deliveries 12,578 12,705 12,780 12,780 Food 12,470 12,600 12,675 12,675 Other 5/ 107 105 105 105 Miscellaneous 81 0 0 0 Total Use 12,688 12,740 12,815 12,815 Ending Stocks 1,820 1,897 1,734 1,444 Stocks to Use Ratio 14.3 14.9 13.5 11.3 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2022/23 and 2023/24 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2022/23, WTO raw sugar TRQ short fall (132) and for 2023/24 (94). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries fo r livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE - reported deliveries: 2021/22 -- 303; estimated 2022/23 -- 298; projected 2023/24 -- 291 Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2022/23 Est. Apr 964 5,560 35 4,499 1,123 937 2022/23 Est. May 964 5,385 45 4,435 1,070 889 2023/24 Proj. Apr NA NA NA NA NA NA 2023/24 Proj. May 889 5,900 45 4,639 1,298 897 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2021/22 = 1,320; Estimated 2022/23 = 1,407; Projected 2023/24 = 1,407; Estimated Oct. - Mar. 2023 = 672; Estimated Oct. - Mar. 2022 = 619. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico' s products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2022/23 (350 est =325 dom.+25 import); 2023/24 (500 proj = 475 dom.+25 import). Statistical Adjustments: 2022/23 (0), 2023/24 (0). May 2023 WASDE - 636 - 17 U.S. Cotton Supply and Use 1/ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Apr May Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 11.22 13.76 NA 11.26 * Harvested 10.27 7.31 NA 8.71 * Fil ler Pounds Yield per Harvested Acre 819 950 NA 854 * Million 480 Pound Bales Beginning Stocks 3.15 3.75 NA 3.50 Production 17.52 14.47 NA 15.50 Imports 0.01 0.01 NA 0.01 Supply, Total 20.68 18.22 NA 19.01 Domestic Use 2.55 2.10 NA 2.20 Exports, Total 14.62 12.60 NA 13.50 Use, Total 17.17 14.70 NA 15.70 Unaccounted 2/ -0.24 0.02 NA 0.01 Ending Stocks 3.75 3.50 NA 3.30 Avg. Farm Price 3/ 91.4 82.0 NA 78.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. *Planted area as reported in March 31, 2023 Prospective Plantings. Harvested area based on 10 -year average abandonment by region, with the Southwest adjusted to reflect unfavorable moisture conditions. Yield based on 5 -year average yields by region. May 2023 WASDE - 636 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 285.50 780.29 199.37 160.98 793.12 202.98 272.67 World Less China 146.38 643.35 189.80 125.98 645.12 202.11 135.91 United States 23.00 44.80 2.59 1.60 29.61 21.78 19.01 Total Foreign 262.50 735.49 196.78 159.38 763.52 181.20 253.66 Major Exporters 4/ 34.88 327.22 5.79 78.40 185.70 142.47 39.72 Argentina 2.32 22.15 0.00 0.25 6.55 16.00 1.93 Australia 3.02 36.24 0.21 5.00 8.50 27.51 3.45 Canada 5.95 22.42 0.55 5.15 10.15 15.12 3.66 European Union 5/ 10.70 138.24 4.63 45.00 108.25 32.00 13.32 Russia 11.38 75.16 0.30 18.50 41.75 33.00 12.09 Ukraine 1.51 33.01 0.10 4.50 10.50 18.84 5.27 Major Importers 6/ 176.66 203.16 130.33 54.68 323.57 15.31 171.28 Bangladesh 2.14 1.09 6.34 0.55 8.25 0.00 1.31 Brazil 1.91 7.70 6.39 0.45 11.75 3.07 1.18 China 139.12 136.95 9.57 35.00 148.00 0.88 136.76 Japan 1.04 1.13 5.61 0.75 6.30 0.30 1.18 N. Africa 7/ 11.55 20.43 26.61 1.87 47.02 0.41 11.17 Nigeria 0.79 0.09 6.19 0.05 5.85 0.60 0.62 Sel. Mideast 8/ 10.13 16.47 22.76 3.88 38.77 0.75 9.84 Southeast Asia 9/ 4.45 0.00 27.03 8.50 25.63 1.23 4.62 Selected Other India 27.80 109.59 0.03 7.00 109.88 8.03 19.50 Kazakhstan 1.48 11.81 2.50 1.35 6.20 8.10 1.49 United Kingdom 1.42 13.99 2.64 7.32 15.32 0.87 1.85 2022/23 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 272.67 788.26 207.19 156.10 794.65 215.24 266.28 World Less China 135.91 650.54 193.69 123.10 646.65 214.34 127.20 United States 19.01 44.90 3.40 1.50 29.94 21.09 16.28 Total Foreign 253.66 743.36 203.79 154.61 764.71 194.14 250.00 Major Exporters 4/ 39.72 332.62 11.68 76.05 183.25 156.50 44.26 Argentina 1.93 12.55 0.01 0.05 6.45 5.50 2.53 Australia 3.45 39.00 0.20 5.00 8.50 31.00 3.15 Canada 3.66 33.82 0.60 4.50 9.55 26.00 2.54 European Union 5/ 13.32 134.34 10.50 43.50 107.50 34.50 16.16 Russia 12.09 92.00 0.30 19.00 42.25 44.50 17.64 Ukraine 5.27 20.90 0.08 4.00 9.00 15.00 2.24 Major Importers 6/ 171.28 205.55 132.38 51.15 321.26 15.27 172.68 Bangladesh 1.31 1.10 5.00 0.20 6.70 0.00 0.71 Brazil 1.18 10.40 5.10 0.50 11.90 3.00 1.78 China 136.76 137.72 13.50 33.00 148.00 0.90 139.08 Japan 1.18 1.04 5.70 0.75 6.35 0.30 1.27 N. Africa 7/ 11.17 17.13 29.40 1.47 46.57 0.70 10.43 Nigeria 0.62 0.11 5.30 0.00 5.30 0.40 0.33 Sel. Mideast 8/ 9.84 17.19 23.18 3.68 39.16 0.57 10.47 Southeast Asia 9/ 4.62 0.00 25.10 7.75 24.65 1.15 3.93 Selected Other India 19.50 104.00 0.04 6.50 108.72 5.32 9.50 Kazakhstan 1.49 16.40 2.00 2.20 7.10 10.00 2.80 United Kingdom 1.85 15.54 1.90 7.00 15.00 1.80 2.49 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancie s in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines , Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2023 WASDE - 636 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Apr NA NA NA NA NA NA NA May 266.28 789.76 207.54 150.86 791.70 209.72 264.34 World Less China Apr NA NA NA NA NA NA NA May 127.20 649.76 197.04 118.86 642.70 208.82 124.66 United States Apr NA NA NA NA NA NA NA May 16.28 45.16 3.67 1.91 30.26 19.73 15.12 Total Foreign Apr NA NA NA NA NA NA NA May 250.00 744.61 203.87 148.96 761.44 189.99 249.22 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 44.26 322.50 8.17 74.60 181.70 155.50 37.73 Argentina Apr NA NA NA NA NA NA NA May 2.53 19.50 0.01 0.10 6.50 13.50 2.04 Australia Apr NA NA NA NA NA NA NA May 3.15 29.00 0.20 4.50 8.00 21.00 3.35 Canada Apr NA NA NA NA NA NA NA May 2.54 37.00 0.60 4.50 9.60 27.50 3.04 European Union 5/ Apr NA NA NA NA NA NA NA May 16.16 139.00 7.00 45.00 109.50 38.00 14.66 Russia Apr NA NA NA NA NA NA NA May 17.64 81.50 0.30 18.00 41.00 45.50 12.94 Ukraine Apr NA NA NA NA NA NA NA May 2.24 16.50 0.06 2.50 7.10 10.00 1.70 Major Importers 6/ Apr NA NA NA NA NA NA NA May 172.68 210.60 133.42 49.25 323.89 16.45 176.36 Bangladesh Apr NA NA NA NA NA NA NA May 0.71 1.10 5.80 0.25 6.75 0.00 0.86 Brazil Apr NA NA NA NA NA NA NA May 1.78 10.00 5.60 0.55 12.05 3.50 1.83 China Apr NA NA NA NA NA NA NA May 139.08 140.00 10.50 32.00 149.00 0.90 139.68 Japan Apr NA NA NA NA NA NA NA May 1.27 1.17 5.60 0.75 6.35 0.30 1.39 N. Africa 7/ Apr NA NA NA NA NA NA NA May 10.43 16.17 31.70 1.45 47.20 0.60 10.50 Nigeria Apr NA NA NA NA NA NA NA May 0.33 0.12 6.00 0.00 5.60 0.60 0.25 Sel. Mideast 8/ Apr NA NA NA NA NA NA NA May 10.47 19.68 22.52 3.60 40.16 0.58 11.93 Southeast Asia 9/ Apr NA NA NA NA NA NA NA May 3.93 0.00 26.00 7.45 24.53 1.13 4.28 Selected Other India Apr NA NA NA NA NA NA NA May 9.50 110.00 0.10 5.00 107.60 0.50 11.50 Kazakhstan Apr NA NA NA NA NA NA NA May 2.80 14.00 2.00 1.50 6.40 9.50 2.90 United Kingdom Apr NA NA NA NA NA NA NA May 2.49 15.50 1.70 7.30 15.40 1.70 2.59 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade exclud es intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2023 WASDE - 636 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 323.08 1,503.97 230.14 911.28 1,491.66 253.44 335.39 World Less China 115.62 1,223.12 188.64 683.45 1,171.64 253.43 125.62 United States 34.01 397.71 2.59 148.73 326.28 70.46 37.58 Total Foreign 289.06 1,106.26 227.55 762.55 1,165.38 182.98 297.81 Major Exporters 4/ 19.41 332.81 9.77 141.22 187.69 148.99 25.31 Argentina 2.06 59.16 0.01 12.72 18.44 40.29 2.49 Australia 2.98 19.22 0.00 5.89 7.76 10.84 3.60 Brazil 4.60 120.62 3.25 63.59 75.68 48.30 4.50 Canada 3.63 25.12 6.40 17.50 25.79 5.65 3.71 Russia 1.90 38.54 0.10 22.23 31.11 7.58 1.85 Ukraine 1.65 53.51 0.02 11.95 15.08 32.93 7.17 Major Importers 5/ 36.26 248.38 138.74 286.07 370.54 15.31 37.54 European Union 6/ 14.59 154.77 21.30 118.15 158.93 13.74 17.99 Japan 1.66 0.24 16.51 13.09 16.82 0.00 1.59 Mexico 3.60 32.79 18.56 31.05 50.77 0.25 3.93 N. Afr & Mideast 7/ 7.01 29.26 40.51 60.88 69.62 0.69 6.47 Saudi Arabia 1.33 0.15 8.28 8.02 8.35 0.00 1.41 Southeast Asia 8/ 5.29 30.90 17.33 41.11 49.48 0.63 3.40 South Korea 2.04 0.19 11.62 9.26 11.78 0.00 2.07 Selected Other China 207.46 280.85 41.50 227.83 320.03 0.01 209.77 2022/23 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 335.39 1,441.33 213.20 893.11 1,451.98 215.02 324.73 World Less China 125.62 1,155.83 181.98 663.71 1,131.38 214.97 118.88 United States 37.58 358.47 3.29 137.90 313.31 47.47 38.56 Total Foreign 297.81 1,082.86 209.91 755.21 1,138.67 167.55 286.18 Major Exporters 4/ 25.31 324.86 3.45 139.26 187.36 140.70 25.56 Argentina 2.49 45.71 0.01 10.50 16.31 29.60 2.29 Australia 3.60 18.67 0.00 5.97 7.85 10.83 3.60 Brazil 4.50 134.60 1.51 65.55 79.09 53.03 8.49 Canada 3.71 30.54 1.75 16.77 24.74 6.68 4.58 Russia 1.85 44.13 0.10 25.08 34.55 9.12 2.42 Ukraine 7.17 34.06 0.00 7.99 10.95 28.05 2.24 Major Importers 5/ 37.54 230.12 138.15 280.68 363.34 10.57 31.89 European Union 6/ 17.99 133.84 26.90 116.77 156.17 8.68 13.89 Japan 1.59 0.25 16.47 12.85 16.75 0.00 1.55 Mexico 3.93 33.45 17.97 31.85 51.57 0.20 3.58 N. Afr & Mideast 7/ 6.47 31.39 34.85 57.69 65.73 0.83 6.15 Saudi Arabia 1.41 0.14 8.61 8.61 8.95 0.00 1.21 Southeast Asia 8/ 3.40 30.81 17.56 39.35 47.85 0.87 3.05 South Korea 2.07 0.16 11.42 9.24 11.74 0.00 1.91 Selected Other China 209.77 285.50 31.23 229.40 320.60 0.05 205.85 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grai n in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Afr ica and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2023 WASDE - 636 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Apr NA NA NA NA NA NA NA May 324.73 1,509.53 223.05 921.26 1,495.48 234.91 338.78 World Less China Apr NA NA NA NA NA NA NA May 118.88 1,221.23 184.65 684.66 1,167.68 234.89 134.06 United States Apr NA NA NA NA NA NA NA May 38.56 402.01 2.57 147.31 324.23 59.41 59.50 Total Foreign Apr NA NA NA NA NA NA NA May 286.18 1,107.51 220.48 773.94 1,171.24 175.50 279.28 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 25.56 327.19 3.69 139.75 189.15 145.15 22.14 Argentina Apr NA NA NA NA NA NA NA May 2.29 62.58 0.01 11.51 17.57 44.90 2.40 Australia Apr NA NA NA NA NA NA NA May 3.60 13.74 0.00 5.76 7.64 7.61 2.09 Brazil Apr NA NA NA NA NA NA NA May 8.49 134.33 1.70 67.30 82.34 55.02 7.17 Canada Apr NA NA NA NA NA NA NA May 4.58 28.35 1.85 16.41 24.45 6.48 3.84 Russia Apr NA NA NA NA NA NA NA May 2.42 42.15 0.10 24.00 33.40 8.91 2.37 Ukraine Apr NA NA NA NA NA NA NA May 2.24 28.67 0.00 7.35 9.83 18.83 2.25 Major Importers 5/ Apr NA NA NA NA NA NA NA May 31.89 245.06 140.63 289.46 372.72 13.88 30.99 European Union 6/ Apr NA NA NA NA NA NA NA May 13.89 146.40 21.48 116.11 155.83 12.20 13.74 Japan Apr NA NA NA NA NA NA NA May 1.55 0.25 17.01 13.34 17.24 0.00 1.57 Mexico Apr NA NA NA NA NA NA NA May 3.58 33.24 18.78 32.55 52.37 0.30 2.93 N. Afr & Mideast 7/ Apr NA NA NA NA NA NA NA May 6.15 33.57 38.37 63.22 71.42 0.77 5.91 Saudi Arabia Apr NA NA NA NA NA NA NA May 1.21 0.15 9.11 8.92 9.26 0.00 1.21 Southeast Asia 8/ Apr NA NA NA NA NA NA NA May 3.05 31.21 19.31 41.25 49.80 0.61 3.14 South Korea Apr NA NA NA NA NA NA NA May 1.91 0.16 11.91 9.54 12.03 0.00 1.95 Selected Other China Apr NA NA NA NA NA NA NA May 205.85 288.30 38.40 236.60 327.80 0.03 204.72 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Afr ica and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Isra el, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2023 WASDE - 636 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 292.91 1,217.31 184.49 746.56 1,202.07 206.18 308.15 World Less China 87.20 944.76 162.61 537.56 911.07 206.18 99.01 United States 31.36 382.89 0.62 145.31 317.12 62.78 34.98 Total Foreign 261.55 834.42 183.87 601.25 884.95 143.40 273.17 Major Exporters 4/ 9.04 238.99 2.67 95.90 119.20 117.35 14.15 Argentina 1.18 49.50 0.01 10.50 14.50 34.69 1.50 Brazil 4.15 116.00 2.60 59.50 70.50 48.28 3.97 Russia 0.75 15.23 0.05 10.00 11.10 4.00 0.93 South Africa 2.12 16.14 0.00 7.20 13.20 3.40 1.66 Ukraine 0.83 42.13 0.02 8.70 9.90 26.98 6.09 Major Importers 5/ 21.73 136.59 94.28 165.82 222.25 6.91 23.45 Egypt 1.36 7.44 9.76 14.50 17.00 0.00 1.56 European Union 6/ 7.83 71.37 19.74 60.00 81.70 6.03 11.21 Japan 1.42 0.01 15.00 11.70 15.04 0.00 1.39 Mexico 3.08 26.76 17.57 25.80 44.00 0.25 3.16 Southeast Asia 7/ 5.28 30.85 16.15 40.10 48.25 0.63 3.39 South Korea 2.02 0.09 11.51 9.22 11.56 0.00 2.06 Selected Other Canada 2.17 14.61 6.14 12.17 17.98 2.19 2.75 China 205.70 272.55 21.88 209.00 291.00 0.00 209.14 2022/23 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2 / Exports Ending Stocks World 3/ 308.15 1,150.20 175.41 730.46 1,160.94 175.44 297.41 World Less China 99.01 873.00 157.41 512.46 861.94 175.42 92.09 United States 34.98 348.75 1.02 133.99 303.67 45.09 35.98 Total Foreign 273.17 801.45 174.39 596.46 857.27 130.36 261.43 Major Exporters 4/ 14.15 226.53 1.06 92.40 117.20 111.00 13.53 Argentina 1.50 37.00 0.01 8.00 12.00 25.00 1.50 Brazil 3.97 130.00 1.00 61.50 74.00 53.00 7.97 Russia 0.93 15.83 0.05 10.60 11.70 4.10 1.01 South Africa 1.66 16.70 0.00 7.30 13.30 3.40 1.66 Ukraine 6.09 27.00 0.00 5.00 6.20 25.50 1.39 Major Importers 5/ 23.45 118.95 95.70 159.90 215.60 3.67 18.82 Egypt 1.56 7.44 7.00 12.00 14.50 0.00 1.50 European Union 6/ 11.21 52.97 24.50 58.00 78.60 2.60 7.48 Japan 1.39 0.01 15.00 11.50 15.00 0.00 1.40 Mexico 3.16 27.60 17.20 26.50 44.80 0.20 2.96 Southeast Asia 7/ 3.39 30.76 16.40 38.40 46.65 0.87 3.04 South Korea 2.06 0.09 11.30 9.20 11.55 0.00 1.90 Selected Other Canada 2.75 14.54 1.70 9.30 14.60 1.80 2.59 China 209.14 277.20 18.00 218.00 299.00 0.02 205.32 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2023 WASDE - 636 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Apr NA NA NA NA NA NA NA May 297.41 1,219.63 184.50 758.63 1,204.14 195.26 312.90 World Less China Apr NA NA NA NA NA NA NA May 92.09 939.63 161.50 535.63 900.14 195.24 108.60 United States Apr NA NA NA NA NA NA NA May 35.98 387.75 0.64 143.52 314.59 53.34 56.43 Total Foreign Apr NA NA NA NA NA NA NA May 261.43 831.88 183.87 615.12 889.54 141.92 256.47 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 13.53 238.10 1.26 94.40 120.70 119.60 12.59 Argentina Apr NA NA NA NA NA NA NA May 1.50 54.00 0.01 9.30 13.50 40.50 1.51 Brazil Apr NA NA NA NA NA NA NA May 7.97 129.00 1.20 62.50 76.50 55.00 6.67 Russia Apr NA NA NA NA NA NA NA May 1.01 16.30 0.05 10.80 11.90 4.20 1.26 South Africa Apr NA NA NA NA NA NA NA May 1.66 16.80 0.00 7.30 13.30 3.40 1.76 Ukraine Apr NA NA NA NA NA NA NA May 1.39 22.00 0.00 4.50 5.50 16.50 1.39 Major Importers 5/ Apr NA NA NA NA NA NA NA May 18.82 130.65 96.85 166.10 222.35 5.91 18.06 Egypt Apr NA NA NA NA NA NA NA May 1.50 7.60 8.50 13.70 16.20 0.00 1.40 European Union 6/ Apr NA NA NA NA NA NA NA May 7.48 64.30 20.00 58.50 79.50 5.00 7.28 Japan Apr NA NA NA NA NA NA NA May 1.40 0.01 15.50 12.00 15.50 0.00 1.42 Mexico Apr NA NA NA NA NA NA NA May 2.96 27.40 18.00 27.30 45.70 0.30 2.36 Southeast Asia 7/ Apr NA NA NA NA NA NA NA May 3.04 31.16 18.45 40.60 48.90 0.61 3.14 South Korea Apr NA NA NA NA NA NA NA May 1.90 0.09 11.80 9.50 11.85 0.00 1.94 Selected Other Canada Apr NA NA NA NA NA NA NA May 2.59 14.30 1.80 9.20 14.60 1.80 2.29 China Apr NA NA NA NA NA NA NA May 205.32 280.00 23.00 223.00 304.00 0.02 204.30 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2023 WASDE - 636 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 187.19 513.87 54.49 518.77 56.87 182.28 World Less China 70.69 364.88 48.54 362.41 54.79 69.28 United States 1.39 6.08 1.20 4.80 2.61 1.26 Total Foreign 185.80 507.78 53.29 513.97 54.26 181.02 Major Exporters 4/ 46.82 197.84 1.63 158.90 43.91 43.49 Burma 1.31 12.40 0.00 10.40 2.34 0.98 India 37.00 129.47 0.00 110.45 22.03 34.00 Pakistan 1.89 9.32 0.01 3.75 4.82 2.65 Thailand 3.98 19.88 0.13 12.80 7.68 3.50 Vietnam 2.64 26.77 1.50 21.50 7.05 2.35 Major Importers 5/ 126.78 242.00 22.43 263.11 2.54 125.55 China 116.50 148.99 5.95 156.36 2.08 113.00 European Union 6/ 0.68 1.73 2.41 3.50 0.41 0.91 Indonesia 3.06 34.40 0.74 35.30 0.00 2.90 Nigeria 1.69 5.26 2.45 7.35 0.00 2.05 Philippines 2.36 12.54 3.60 15.40 0.00 3.10 Sel. Mideast 7/ 0.91 2.15 4.32 6.15 0.00 1.22 Selected Other Brazil 1.17 7.34 0.93 7.15 1.39 0.90 C. Amer & Carib 8/ 0.57 1.62 1.68 3.26 0.04 0.58 Egypt 1.16 2.90 0.61 4.05 0.01 0.61 Japan 1.94 7.64 0.69 8.20 0.12 1.95 Mexico 0.20 0.18 0.74 0.97 0.01 0.14 South Korea 1.02 3.88 0.44 3.95 0.05 1.33 2022/23 Est. Beginning Stocks Productio n Imports Total /2 Domestic Exports Ending Stocks World 3/ 182.28 508.41 53.86 521.52 55.49 169.18 World Less China 69.28 362.47 48.86 366.57 53.39 62.28 United States 1.26 5.09 1.25 4.79 1.94 0.88 Total Foreign 181.02 503.32 52.60 516.72 53.56 168.30 Major Exporters 4/ 43.49 196.50 1.26 160.60 43.90 36.75 Burma 0.98 11.80 0.00 10.20 2.00 0.58 India 34.00 132.00 0.00 112.50 22.50 31.00 Pakistan 2.65 5.50 0.01 3.60 3.80 0.76 Thailand 3.50 20.20 0.15 12.80 8.50 2.55 Vietnam 2.35 27.00 1.10 21.50 7.10 1.85 Major Importers 5/ 125.55 238.72 22.55 263.95 2.54 120.34 China 113.00 145.95 5.00 154.95 2.10 106.90 European Union 6/ 0.91 1.34 2.65 3.60 0.40 0.90 Indonesia 2.90 34.00 1.75 35.30 0.00 3.35 Nigeria 2.05 5.36 2.10 7.50 0.00 2.00 Philippines 3.10 12.60 3.70 16.00 0.00 3.40 Sel. Mideast 7/ 1.22 2.02 4.45 6.40 0.00 1.29 Selected Other Brazil 0.90 6.80 0.90 6.90 1.10 0.60 C. Amer & Carib 8/ 0.58 1.53 1.71 3.24 0.04 0.54 Egypt 0.61 3.60 0.45 4.00 0.01 0.66 Japan 1.95 7.48 0.69 8.20 0.12 1.80 Mexico 0.14 0.14 0.80 0.98 0.01 0.09 South Korea 1.33 3.76 0.42 4.00 0.06 1.46 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. May 2023 WASDE - 636 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Apr NA NA NA NA NA NA May 169.18 520.52 53.13 523.02 55.81 166.68 World Less China Apr NA NA NA NA NA NA May 62.28 371.52 48.13 371.02 53.81 59.78 United States Apr NA NA NA NA NA NA May 0.88 6.12 1.24 4.89 2.35 0.99 Total Foreign Apr NA NA NA NA NA NA May 168.30 514.41 51.89 518.13 53.46 165.69 Major Exporters 4/ Apr NA NA NA NA NA NA May 36.75 202.00 1.46 161.45 43.90 34.85 Burma Apr NA NA NA NA NA NA May 0.58 12.50 0.00 10.30 2.20 0.59 India Apr NA NA NA NA NA NA May 31.00 133.00 0.00 113.00 22.50 28.50 Pakistan Apr NA NA NA NA NA NA May 0.76 9.00 0.01 3.75 4.50 1.51 Thailand Apr NA NA NA NA NA NA May 2.55 20.50 0.15 12.80 8.00 2.40 Vietnam Apr NA NA NA NA NA NA May 1.85 27.00 1.30 21.60 6.70 1.85 Major Importers 5/ Apr NA NA NA NA NA NA May 120.34 242.99 21.20 262.40 2.46 119.67 China Apr NA NA NA NA NA NA May 106.90 149.00 5.00 152.00 2.00 106.90 European Union 6/ Apr NA NA NA NA NA NA May 0.90 1.46 2.65 3.75 0.40 0.86 Indonesia Apr NA NA NA NA NA NA May 3.35 34.45 0.70 35.20 0.00 3.30 Nigeria Apr NA NA NA NA NA NA May 2.00 5.23 2.20 7.60 0.00 1.83 Philippines Apr NA NA NA NA NA NA May 3.40 12.60 3.60 16.30 0.00 3.30 Sel. Mideast 7/ Apr NA NA NA NA NA NA May 1.29 2.12 4.50 6.70 0.00 1.21 Selected Other Brazil Apr NA NA NA NA NA NA May 0.60 6.80 0.95 6.80 0.90 0.65 C. Amer & Carib 8/ Apr NA NA NA NA NA NA May 0.54 1.53 1.74 3.24 0.03 0.54 Egypt Apr NA NA NA NA NA NA May 0.66 3.78 0.40 4.10 0.01 0.73 Japan Apr NA NA NA NA NA NA May 1.80 7.45 0.69 8.20 0.12 1.61 Mexico Apr NA NA NA NA NA NA May 0.09 0.17 0.85 1.00 0.01 0.10 South Korea Apr NA NA NA NA NA NA May 1.46 3.57 0.42 4.00 0.06 1.40 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. May 2023 WASDE - 636 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2021/22 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 86.22 115.78 42.62 115.90 43.00 -0.44 86.16 World Less China 48.42 88.98 34.78 82.15 42.88 -0.44 47.60 United States 3.15 17.52 0.01 2.55 14.62 -0.24 3.75 Total Foreign 83.07 98.26 42.62 113.35 28.38 -0.20 82.41 Major Exporters 4/ 32.81 55.57 1.60 34.19 24.12 -0.20 31.87 Central Asia 5/ 3.02 5.12 0.06 4.27 1.51 0.00 2.42 Afr. Fr. Zone 6/ 1.74 5.98 3/ 0.10 6.09 -0.01 1.54 S. Hemis. 7/ 15.73 19.66 0.19 4.36 12.42 -0.19 18.99 Australia 2.51 5.85 3/ 0.01 3.58 -0.19 4.96 Brazil 11.12 11.72 0.02 3.30 7.73 0.00 11.84 India 11.94 24.40 1.00 25.00 3.74 0.00 8.60 Major Importers 8/ 47.94 39.65 38.69 75.22 2.94 0.00 48.11 Mexico 0.44 1.22 0.96 1.85 0.40 0.00 0.37 China 37.79 26.80 7.84 33.75 0.12 0.00 38.56 European Union 9/ 0.37 1.67 0.64 0.62 1.77 0.00 0.30 Turkey 2.71 3.80 5.52 8.70 0.57 0.00 2.77 Pakistan 2.18 6.00 4.50 10.70 0.05 0.00 1.93 Indonesia 0.50 3/ 2.58 2.60 0.01 0.00 0.46 Thailand 0.13 3/ 0.75 0.74 0.00 0.00 0.15 Bangladesh 2.48 0.15 8.20 8.50 0.00 0.00 2.33 Vietnam 1.09 3/ 6.63 6.70 0.00 0.00 1.02 2022/23 Est. Beginning Stocks Productio n Imports Domestic Use Exports Loss /2 Ending Stocks World 86.16 116.36 37.87 109.63 38.27 -0.16 92.63 World Less China 47.60 85.66 31.07 73.13 38.15 -0.16 53.19 United States 3.75 14.47 0.01 2.10 12.60 0.02 3.50 Total Foreign 82.41 101.89 37.86 107.53 25.67 -0.18 89.13 Major Exporters 4/ 31.87 55.87 2.27 31.53 21.57 -0.19 37.09 Central Asia 5/ 2.42 5.73 0.04 3.83 1.22 0.00 3.16 Afr. Fr. Zone 6/ 1.54 4.76 3/ 0.10 4.44 0.00 1.75 S. Hemis. 7/ 18.99 20.33 0.15 4.16 14.11 -0.19 21.39 Australia 4.96 5.50 3/ 0.01 6.50 -0.19 4.14 Brazil 11.84 13.00 0.02 3.20 6.90 0.00 14.75 India 8.60 24.50 1.75 23.00 1.40 0.00 10.45 Major Importers 8/ 48.11 42.88 33.13 72.17 2.80 0.01 49.15 Mexico 0.37 1.58 0.90 1.80 0.43 0.00 0.62 China 38.56 30.70 6.80 36.50 0.13 0.00 39.44 European Union 9/ 0.30 1.64 0.56 0.57 1.47 0.00 0.46 Turkey 2.77 4.90 4.00 7.30 0.73 0.01 3.63 Pakistan 1.93 3.90 4.30 8.60 0.03 0.00 1.50 Indonesia 0.46 3/ 1.70 1.80 0.02 0.00 0.35 Thailand 0.15 3/ 0.73 0.73 0.00 0.00 0.15 Bangladesh 2.33 0.15 6.90 7.50 0.00 0.00 1.88 Vietnam 1.02 3/ 6.30 6.40 0.00 0.00 0.93 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on suppl y less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regi ons listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. May 2023 WASDE - 636 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2023/24 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Apr NA NA NA NA NA NA NA May 92.63 115.69 42.84 116.23 42.85 -0.20 92.28 World Less China Apr NA NA NA NA NA NA NA May 53.19 88.19 33.84 78.73 42.75 -0.20 53.94 United States Apr NA NA NA NA NA NA NA May 3.50 15.50 0.01 2.20 13.50 0.01 3.30 filler filler filler filler filler filler filler Total Foreign Apr NA NA NA NA NA NA NA May 89.13 100.19 42.83 114.03 29.35 -0.20 88.98 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 37.09 57.86 2.12 33.70 25.35 -0.20 38.23 Central Asia 5/ Apr NA NA NA NA NA NA NA May 3.16 5.41 0.10 4.27 1.43 0.00 2.97 Afr. Fr. Zone 6/ Apr NA NA NA NA NA NA NA May 1.75 5.34 3/ 0.10 5.37 0.00 1.62 S. Hemis. 7/ Apr NA NA NA NA NA NA NA May 21.39 21.03 0.17 4.30 15.73 -0.20 22.76 Australia Apr NA NA NA NA NA NA NA May 4.14 5.80 3/ 0.01 6.00 -0.20 4.13 filler filler filler filler filler filler filler Brazil Apr NA NA NA NA NA NA NA May 14.75 13.25 0.02 3.30 8.70 0.00 16.02 India Apr NA NA NA NA NA NA NA May 10.45 25.50 1.50 24.50 2.40 0.00 10.55 Major Importers 8/ Apr NA NA NA NA NA NA NA May 49.15 39.23 38.36 76.34 2.55 0.00 47.86 Mexico Apr NA NA NA NA NA NA NA May 0.62 1.28 0.95 1.90 0.40 0.00 0.55 China Apr NA NA NA NA NA NA NA May 39.44 27.50 9.00 37.50 0.10 0.00 38.34 European Union 9/ Apr NA NA NA NA NA NA NA May 0.46 1.49 0.57 0.62 1.50 0.00 0.40 Turkey Apr NA NA NA NA NA NA NA May 3.63 3.50 4.30 7.90 0.50 0.00 3.03 Pakistan Apr NA NA NA NA NA NA NA May 1.50 5.30 4.70 9.60 0.03 0.00 1.88 Indonesia Apr NA NA NA NA NA NA NA May 0.35 3/ 2.20 2.20 0.01 0.00 0.35 Thailand Apr NA NA NA NA NA NA NA May 0.15 3/ 0.74 0.74 0.00 0.00 0.15 Bangladesh Apr NA NA NA NA NA NA NA May 1.88 0.16 8.00 8.00 0.00 0.00 2.04 Vietnam Apr NA NA NA NA NA NA NA May 0.93 3/ 6.90 6.90 0.00 0.00 0.93 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. May 2023 WASDE - 636 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 100.06 359.85 156.59 314.23 363.82 154.02 98.67 World Less China 69.21 343.45 65.03 226.33 255.42 153.91 68.35 United States 6.99 121.53 0.43 59.98 62.77 58.72 7.47 Total Foreign 93.07 238.32 156.16 254.25 301.06 95.30 91.20 Major Exporters 3/ 55.39 181.82 4.43 91.83 102.47 87.26 51.91 Argentina 25.06 43.90 3.84 38.83 46.04 2.86 23.90 Brazil 29.58 130.50 0.54 50.71 53.96 79.06 27.60 Paraguay 0.48 4.18 0.04 2.20 2.25 2.27 0.18 Major Importers 4/ 34.24 20.22 123.79 116.74 144.66 0.42 33.17 China 30.86 16.40 91.57 87.90 108.40 0.10 30.32 European Union 1.56 2.77 14.55 15.40 16.97 0.29 1.62 Southeast Asia 5/ 1.19 0.53 8.26 4.45 9.27 0.02 0.69 Mexico 0.46 0.29 5.96 6.35 6.40 0.00 0.30 2022/23 Est. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 98.67 370.42 165.20 313.31 364.87 168.37 101.04 World Less China 68.35 350.14 67.20 222.31 252.17 168.27 65.25 United States 7.47 116.38 0.54 60.42 63.69 54.84 5.86 Total Foreign 91.20 254.04 164.66 252.89 301.18 113.53 95.18 Major Exporters 3/ 51.91 192.00 8.82 87.84 98.10 103.10 51.53 Argentina 23.90 27.00 8.30 31.50 37.75 3.30 18.15 Brazil 27.60 155.00 0.50 53.25 57.00 93.00 33.10 Paraguay 0.18 8.80 0.01 3.00 3.13 5.70 0.16 Major Importers 4/ 33.17 23.62 131.36 119.64 149.14 0.37 38.64 China 30.32 20.28 98.00 91.00 112.70 0.10 35.80 European Union 1.62 2.44 13.90 14.65 16.23 0.25 1.48 Southeast Asia 5/ 0.69 0.49 9.56 4.89 9.99 0.02 0.73 Mexico 0.30 0.18 6.40 6.50 6.55 0.00 0.33 2023/24 Proj. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ Apr NA NA NA NA NA NA NA May 101.04 410.59 169.77 332.31 386.49 172.41 122.50 World Less China Apr NA NA NA NA NA NA NA May 65.25 390.09 69.77 237.31 268.49 172.31 84.30 United States Apr NA NA NA NA NA NA NA May 5.86 122.74 0.54 62.87 66.29 53.75 9.11 Total Foreign Apr NA NA NA NA NA NA NA May 95.18 287.84 169.23 269.45 320.21 118.66 113.39 Major Exporters 3/ Apr NA NA NA NA NA NA NA May 51.53 223.90 6.18 95.85 106.79 109.40 65.42 Argentina Apr NA NA NA NA NA NA NA May 18.15 48.00 5.70 36.50 43.20 4.60 24.05 Brazil Apr NA NA NA NA NA NA NA May 33.10 163.00 0.45 55.75 59.70 96.50 40.35 Paraguay Apr NA NA NA NA NA NA NA May 0.16 10.00 0.02 3.50 3.65 5.90 0.63 Major Importers 4/ Apr NA NA NA NA NA NA NA May 38.64 24.56 134.64 124.83 155.80 0.42 41.62 China Apr NA NA NA NA NA NA NA May 35.80 20.50 100.00 95.00 118.00 0.10 38.20 European Union Apr NA NA NA NA NA NA NA May 1.48 3.10 14.00 15.15 16.74 0.30 1.54 Southeast Asia 5/ Apr NA NA NA NA NA NA NA May 0.73 0.47 10.64 5.48 10.73 0.02 1.10 Mexico Apr NA NA NA NA NA NA NA May 0.33 0.24 6.55 6.60 6.66 0.00 0.46 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and impo rts. Therefore, world supply may not equal world use. 3/ Includes Uruguay 4/ Includes Japan 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. May 2023 WASDE - 636 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 15.17 246.53 66.93 244.22 68.75 15.66 World Less China 15.17 176.91 66.87 175.03 68.26 15.66 United States 0.31 47.01 0.59 35.35 12.27 0.28 Total Foreign 14.86 199.52 66.34 208.86 56.48 15.38 Major Exporters 3/ 6.54 76.39 0.79 29.16 47.74 6.83 Argentina 2.29 30.29 0.14 3.33 26.59 2.80 Brazil 4.06 39.31 0.01 19.55 20.21 3.62 India 0.19 6.80 0.65 6.29 0.94 0.41 Major Importers 4/ 2.39 22.60 38.56 60.10 1.12 2.34 European Union 0.54 12.17 16.70 28.04 0.77 0.60 Mexico 0.20 5.02 1.83 6.88 0.02 0.15 Southeast Asia 5/ 1.60 3.47 18.33 21.54 0.33 1.53 China 0.00 69.62 0.06 69.19 0.48 0.00 2022/23 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 15.66 246.13 62.79 246.35 65.97 12.27 World Less China 15.66 174.06 62.74 174.42 65.77 12.27 United States 0.28 47.60 0.61 35.65 12.52 0.32 Total Foreign 15.38 198.54 62.17 210.69 53.45 11.95 Major Exporters 3/ 6.83 73.75 0.07 30.08 45.05 5.52 Argentina 2.80 24.57 0.00 3.35 22.20 1.82 Brazil 3.62 41.26 0.02 20.00 21.40 3.50 India 0.41 7.92 0.05 6.73 1.45 0.20 Major Importers 4/ 2.34 22.47 37.28 59.22 1.01 1.85 European Union 0.60 11.58 16.00 27.04 0.70 0.43 Mexico 0.15 5.14 1.85 6.95 0.01 0.18 Southeast Asia 5/ 1.53 3.80 17.80 21.64 0.30 1.19 China 0.00 72.07 0.05 71.92 0.20 0.00 2023/24 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Apr NA NA NA NA NA NA May 12.27 260.85 66.87 255.47 69.98 14.54 World Less China Apr NA NA NA NA NA NA May 12.27 185.61 66.82 180.68 69.48 14.54 United States Apr NA NA NA NA NA NA May 0.32 49.33 0.59 36.45 13.43 0.36 Total Foreign Apr NA NA NA NA NA NA May 11.95 211.52 66.28 219.02 56.55 14.18 Major Exporters 3/ Apr NA NA NA NA NA NA May 5.52 79.52 0.12 31.30 47.20 6.66 Argentina Apr NA NA NA NA NA NA May 1.82 28.47 0.01 3.45 24.70 2.15 Brazil Apr NA NA NA NA NA NA May 3.50 43.21 0.01 20.70 21.70 4.32 India Apr NA NA NA NA NA NA May 0.20 7.84 0.10 7.15 0.80 0.19 Major Importers 4/ Apr NA NA NA NA NA NA May 1.85 23.42 38.00 60.05 1.20 2.02 European Union Apr NA NA NA NA NA NA May 0.43 11.97 15.85 26.89 0.85 0.51 Mexico Apr NA NA NA NA NA NA May 0.18 5.22 1.95 7.10 0.02 0.23 Southeast Asia 5/ Apr NA NA NA NA NA NA May 1.19 4.27 18.55 22.46 0.33 1.23 China Apr NA NA NA NA NA NA May 0.00 75.24 0.05 74.79 0.50 0.00 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ Includes Japan. 5/ Indonesia, Malaysi a, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. May 2023 WASDE - 636 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 5.36 59.22 11.54 59.21 12.24 4.67 World Less China 4.33 43.47 11.25 42.51 12.13 4.41 United States 0.97 11.86 0.14 11.26 0.80 0.90 Total Foreign 4.39 47.36 11.40 47.95 11.44 3.77 Major Exporters 3/ 1.25 20.77 0.59 12.49 8.62 1.49 Argentina 0.30 7.66 0.09 2.66 4.87 0.52 Brazil 0.47 9.76 0.03 7.45 2.41 0.41 European Union 0.44 2.93 0.46 2.31 0.97 0.55 Major Importers 4/ 1.68 18.90 6.64 26.16 0.28 0.78 China 1.03 15.75 0.29 16.70 0.11 0.26 India 0.27 1.53 4.23 5.83 0.02 0.19 North Africa 5/ 0.36 1.19 1.42 2.53 0.14 0.31 2022/23 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 4.67 58.92 9.93 58.13 10.84 4.56 World Less China 4.41 42.62 9.48 41.83 10.75 3.93 United States 0.90 11.88 0.15 11.85 0.20 0.88 Total Foreign 3.77 47.04 9.79 46.28 10.63 3.68 Major Exporters 3/ 1.49 19.84 0.53 12.70 7.83 1.33 Argentina 0.52 6.22 0.00 2.40 3.95 0.40 Brazil 0.41 10.26 0.08 7.98 2.30 0.46 European Union 0.55 2.79 0.45 2.27 1.08 0.44 Major Importers 4/ 0.78 19.37 5.56 24.54 0.16 1.01 China 0.26 16.31 0.45 16.30 0.09 0.63 India 0.19 1.79 3.15 4.94 0.02 0.17 North Africa 5/ 0.31 0.88 1.36 2.30 0.05 0.20 2023/24 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Apr NA NA NA NA NA NA May 4.56 62.47 10.87 60.84 11.78 5.28 World Less China Apr NA NA NA NA NA NA May 3.93 45.45 10.37 43.74 11.68 4.33 United States Apr NA NA NA NA NA NA May 0.88 12.31 0.16 12.25 0.27 0.83 Total Foreign Apr NA NA NA NA NA NA May 3.68 50.16 10.71 48.59 11.51 4.45 Major Exporters 3/ Apr NA NA NA NA NA NA May 1.33 21.52 0.38 13.36 8.49 1.38 Argentina Apr NA NA NA NA NA NA May 0.40 7.21 0.00 2.55 4.60 0.46 Brazil Apr NA NA NA NA NA NA May 0.46 10.73 0.03 8.53 2.20 0.49 European Union Apr NA NA NA NA NA NA May 0.44 2.92 0.35 2.22 1.10 0.40 Major Importers 4/ Apr NA NA NA NA NA NA May 1.01 20.27 6.06 25.67 0.20 1.47 China Apr NA NA NA NA NA NA May 0.63 17.02 0.50 17.10 0.10 0.95 India Apr NA NA NA NA NA NA May 0.17 1.73 3.20 4.94 0.02 0.15 North Africa 5/ Apr NA NA NA NA NA NA May 0.20 1.05 1.56 2.47 0.07 0.26 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Includes Paraguay 4/ Includes Bangladesh 5/ Algeria, Egypt, Morocco, a nd Tunisia. Totals may not add due to rounding. May 2023 WASDE - 636 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2022 II 7,072 6,639 13,758 11,279 1,275 12,697 26,455 2,218 57.8 III 7,144 6,534 13,723 11,896 1,264 13,312 27,035 2,259 56.4 IV 7,052 6,919 14,017 11,861 1,310 13,310 27,327 2,277 55.9 Annual 28,291 26,996 55,471 46,206 5,222 51,997 107,469 9,074 226.5 2023 I 6,821 7,071 13,937 11,548 1,344 13,034 26,971 2,208 56.8 II* 6,670 6,640 13,355 11,500 1,325 12,965 26,320 2,285 58.3 III* 6,755 6,605 13,405 12,100 1,325 13,570 26,975 2,355 57.0 IV* 6,675 7,065 13,786 11,900 1,410 13,440 27,226 2,430 56.5 Annual Apr Proj. 26,775 27,360 54,317 46,900 5,585 53,040 107,357 9,285 228.7 May Proj. 26,921 27,381 54,482 47,048 5,404 53,009 107,491 9,278 228.6 2024 I* 6,210 6,930 13,184 11,760 1,390 13,290 26,474 2,355 57.7 Annual Apr Proj. NA NA NA NA NA NA NA NA NA May Proj. 24,745 27,350 52,275 47,820 5,640 54,015 106,290 9,615 230.8 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2022 II 141.93 75.58 167.5 143.9 251.6 26.97 III 143.42 80.20 136.1 165.4 295.6 24.57 IV 152.99 63.49 123.5 177.5 411.7 25.17 Annual 144.40 71.21 140.5 154.5 282.4 25.34 2023 I 160.90 54.83 124.5 170.8 315.9 21.93 II* 172.00 56.00 142.0 170.0 135.0 20.00 III* 164.00 60.00 130.0 170.0 140.0 19.45 IV* 169.00 55.00 130.0 175.0 160.0 20.70 Annual Apr Proj. 164.8 61.0 130.4 171.5 214.0 20.65 May Proj. 166.5 56.5 131.6 171.5 187.7 20.50 2024 I* 175.00 60.00 127.0 165.0 155.0 20.40 Annual Apr Proj. NA NA NA NA NA NA May Proj. 172 62 129 167 144 19.90 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. May 2023 WASDE - 636 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2022 676 28,359 3,391 32,426 3,536 723 28,166 59.1 2023 Proj. Apr 723 26,843 3,500 31,066 3,135 640 27,291 57.0 May 723 26,989 3,501 31,213 3,224 670 27,319 57.0 2024 Proj. Apr NA NA NA NA NA NA NA NA May 670 24,813 3,560 29,043 2,950 650 25,443 52.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2022 446 27,011 1,344 28,800 6,338 504 21,958 51.1 2023 Proj. Apr 504 27,375 1,065 28,944 6,380 530 22,034 51.0 May 504 27,396 1,069 28,969 6,503 545 21,921 50.7 2024 Proj. Apr NA NA NA NA NA NA NA NA May 545 27,365 1,155 29,065 6,320 575 22,170 51.0 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2022 1,147 55,564 5,093 61,804 9,880 1,256 50,669 111.6 2023 Proj. Apr 1,256 54,409 4,910 60,575 9,521 1,199 49,855 109.3 May 1,256 54,575 4,909 60,740 9,733 1,247 49,760 109.1 2024 Proj. Apr NA NA NA NA NA NA NA NA May 1,247 52,368 5,085 58,699 9,276 1,252 48,172 105.3 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2022 705 45,711 176 46,593 7,278 892 38,423 98.9 2023 Proj. Apr 892 46,398 60 47,351 7,360 880 39,111 100.2 May 892 46,545 68 47,505 7,383 880 39,242 100.5 2024 Proj. Apr NA NA NA NA NA NA NA NA May 880 47,308 40 48,228 7,570 900 39,758 101.2 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2022 166 5,222 85 5,473 408 190 4,876 14.6 2023 Proj. Apr 190 5,585 39 5,814 370 200 5,244 15.6 May 190 5,404 42 5,636 370 200 5,066 15.1 2024 Proj. Apr NA NA NA NA NA NA NA NA May 200 5,640 32 5,872 390 200 5,282 15.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2022 874 51,502 268 52,645 7,715 1,087 43,843 115.2 2023 Proj. Apr 1,087 52,538 105 53,729 7,746 1,085 44,898 117.4 May 1,087 52,505 115 53,708 7,768 1,085 44,854 117.3 2024 Proj. Apr NA NA NA NA NA NA NA NA May 1,085 53,503 78 54,666 7,976 1,105 45,585 118.5 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2022 2,021 107,067 5,362 114,449 17,595 2,343 94,512 226.8 2023 Proj. Apr 2,343 106,946 5,015 114,304 17,267 2,284 94,753 226.8 May 2,343 107,081 5,024 114,447 17,502 2,332 94,614 226.4 2024 Proj. Apr NA NA NA NA NA NA NA NA May 2,332 105,871 5,163 113,365 17,252 2,357 93,757 223.8 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. May 2023 WASDE - 636 - 33 U.S. Egg Supply and Use Commodity 2021 2022 2023 Proj. 2023 Proj. 2024 Proj. 2024 Proj. Apr May Apr May Eggs Million Dozen Supply Beginning Stocks 24.5 19.1 18.8 18.8 NA 20.0 Production 9,297.9 9,073.8 9,285.0 9,277.5 NA 9,615.0 Imports 18.2 25.9 22.5 22.9 NA 18.0 Total Supply 9,340.6 9,118.8 9,326.3 9,319.1 NA 9,653.0 Use Exports 392.2 226.5 196.0 205.3 NA 245.0 Hatching Use 1,103.9 1,116.4 1,126.0 1,126.2 NA 1,145.0 Ending Stocks 19.1 18.8 21.0 20.0 NA 20.0 Disappearance Total 7,825.4 7,757.2 7,983.3 7,967.6 NA 8,243.0 Per Capita (number) 282.5 279.0 285.7 285.1 NA 293.2 Total U.S. Milk Supply and Use Commodity 2021 2022 2023 Proj. 2023 Proj. 2024 Proj. 2024 Proj. Apr May Apr May Milk Billion Pounds Production 226.3 226.5 228.7 228.6 NA 230.8 Farm Use 1.0 1.0 1.1 1.0 NA 1.0 Fat Basis Supply Beginning Stocks 15.6 14.3 14.4 14.4 NA 14.6 Marketings 225.3 225.5 227.6 227.6 NA 229.8 Imports 6.5 7.1 7.7 7.7 NA 7.7 Total Supply 247.4 246.9 249.7 249.8 NA 252.1 Fat Basis Use Exports 11.5 13.4 12.2 12.1 NA 12.8 Ending Stocks 14.3 14.4 14.6 14.6 NA 14.6 Domestic Use 221.5 219.1 222.8 223.1 NA 224.7 Skim -solid Basis Supply Beginning Stocks 10.9 11.1 11.7 11.7 NA 12.1 Marketings 225.3 225.5 227.6 227.6 NA 229.8 Imports 5.8 6.7 6.9 6.8 NA 7.0 Total Supply 241.9 243.3 246.2 246.1 NA 248.9 Skim -solid Basis Use Exports 50.8 52.5 50.7 51.3 NA 53.9 Ending Stocks 11.1 11.7 12.2 12.1 NA 12.1 Domestic Use 180.1 179.1 183.3 182.8 NA 182.9 Total Dairy domestic use for 2020 includes additional milk marketed but not processed. Note: Totals may not add due to rounding. May 2023 WASDE - 636 - 34 U.S. Dairy Prices Commodity 2021 2022 2023 Proj. 2023 Proj. 2024 Proj. 2024 Proj. Apr May Apr May Product Prices 1/ Dollars Per Pound Cheese 1.6755 2.1122 1.855 1.825 NA 1.820 Butter 1.7325 2.8665 2.420 2.430 NA 2.335 Nonfat Dry Milk 1.2693 1.6851 1.165 1.185 NA 1.120 Dry Whey 0.5744 0.6057 0.425 0.395 NA 0.370 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 17.08 21.96 18.25 17.75 NA 17.50 Class IV 16.09 24.47 18.10 18.30 NA 17.35 All Milk 3/ 18.53 25.34 20.65 20.50 NA 19.90 All prices are January -December averages. 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation. May 2023 WASDE - 636 - 35 Reliability of May Projections 1/ Note: Tables on pages 35 -37 present a record of the May projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 3 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 5.1 percent. The average difference between the May projection and the final estimate is 16.1 million tons, ranging from 1.7 million to 35 million tons. The May projection has been below the estimate 25 times and above 17 times. Differences between forecast and final e stimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 3.0 5.1 16.1 1.7 35.0 25 17 U.S. 6.8 11.4 3.0 0.0 9.8 21 21 Foreign 3.2 5.4 14.9 1.6 32.9 24 18 Exports World 5.8 9.9 6.1 0.1 17.6 28 14 U.S. 12.2 20.5 2.9 0.0 10.2 23 17 Foreign 6.8 11.4 5.7 0.4 17.8 30 12 Domestic Use World 2.2 3.7 10.4 0.3 28.3 27 15 U.S. 7.0 11.9 1.7 0.1 6.4 20 22 Foreign 2.2 3.6 10.1 0.2 28.0 28 14 Ending Stocks World 9.7 16.4 12.1 0.2 35.9 24 18 U.S. 20.1 33.9 3.5 0.1 14.1 22 20 Foreign 9.9 16.6 10.4 1.4 31.0 24 18 COARSE GRAINS 2/ Production World 3.6 6.1 26.6 1.1 103.6 20 22 U.S. 13.6 22.9 21.1 0.9 103.8 22 20 Foreign 2.7 4.5 14.4 0.2 42.8 20 22 Exports World 7.4 12.5 7.8 1.2 20.9 29 13 U.S. 27.3 45.9 8.5 0.1 29.5 19 23 Foreign 13.1 22.1 6.3 0.3 20.8 29 13 Domestic Use World 2.0 3.4 15.5 0.4 68.4 22 20 U.S. 5.7 9.7 7.9 0.2 38.4 25 17 Foreign 2.0 3.4 12.5 0.2 32.8 21 21 Ending Stocks World 20.5 34.6 25.3 2.6 155.8 25 17 U.S. 56.8 95.6 16.7 0.9 57.6 19 23 Foreign 17.9 30.2 14.2 0.0 145.0 28 14 RICE, milled Production World 2.3 3.9 6.8 0.0 21.8 25 17 U.S. 8.1 13.6 0.4 0.0 1.1 22 20 Foreign 2.4 4.0 6.8 0.4 22.0 25 17 Exports World 9.6 16.1 1.9 0.1 7.5 31 11 U.S. 12.6 21.2 0.3 0.0 1.0 19 18 Foreign 10.3 17.3 1.8 0.2 7.1 31 11 Domestic Use World 1.8 3.0 4.7 0.0 19.4 28 14 U.S. 9.3 15.6 0.2 0.0 0.7 16 25 Foreign 1.8 3.1 4.6 0.2 20.0 29 13 Ending Stocks World 13.9 23.5 7.0 0.1 26.7 28 14 U.S. 35.0 58.9 0.3 0.0 0.9 21 19 Foreign 15.2 25.6 7.0 0.1 26.3 28 14 1/ Footnotes at end of table. CONTINUED May 2023 WASDE - 636 - 36 Reliability of May Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World NA NA 13.4 0.4 34.8 7 7 U.S. 8.9 15.0 4.8 0.0 16.1 22 20 Foreign NA NA 9.0 0.2 35.6 8 6 Exports World NA NA 6.3 0.4 17.6 10 4 U.S. 15.2 25.6 3.4 0.0 11.3 22 19 Foreign NA NA 4.7 0.7 18.7 11 3 Domestic Use World NA NA 8.0 1.2 18.9 6 8 U.S. 6.1 10.2 1.9 0.2 7.5 25 17 Foreign NA NA 7.4 0.2 18.6 6 8 Ending Stocks World NA NA 9.0 0.7 20.7 7 7 U.S. 70.6 118.9 3.5 0.2 13.3 14 28 Foreign NA NA 6.2 0.1 15.7 9 5 COTTON Million 480 -Pound Bales Production World 6.1 10.2 4.3 0.1 16.7 24 18 U.S. 12.0 20.3 1.6 0.1 5.5 20 22 Foreign 6.1 10.2 3.3 0.1 12.2 22 20 Exports World 10.5 17.7 2.4 0.1 12.4 24 18 U.S. 28.6 48.1 1.4 0.1 3.9 24 18 Foreign 13.3 22.4 1.8 0.1 10.4 23 19 Domestic Use World 5.1 8.5 3.5 0.1 17.2 17 25 U.S. 10.4 17.6 0.5 0.0 1.4 18 23 Foreign 5.1 8.6 3.5 0.0 16.6 19 23 Ending Stocks World 17.3 29.1 6.7 1.0 18.1 27 15 U.S. 44.2 74.4 1.5 0.0 4.3 20 22 Foreign 16.4 27.7 5.6 0.1 17.2 27 15 1/ Marketing years 1981/82 through 2022/23 for grains, soybeans (U.S. only), and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2021/22, and for 2022/23 the last mon th’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. May 2023 WASDE - 636 - 37 Reliability of United States May Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 14.4 24.3 756 8 4,010 18 24 Exports 28.3 47.6 309 0 1,100 20 21 Domestic Use 6.1 10.3 310 11 1,538 26 16 Ending Stocks 67.2 113.2 603 18 2,091 19 23 SORGHUM Production 25.0 42.1 85 0 228 21 20 Exports 48.4 81.5 51 0 195 20 21 Domestic Use 27.0 45.5 54 0 162 18 23 Ending Stocks 68.2 114.8 45 1 238 17 25 BARLEY Production 14.8 25.0 26 1 206 16 26 Exports 77.6 130.7 13 0 92 21 17 Domestic Use 11.4 19.2 28 0 95 19 22 Ending Stocks 22.9 38.5 22 0 78 18 23 OATS Production 25.1 42.2 29 1 231 9 33 Exports 106.7 179.6 1 0 8 10 12 Domestic Use 10.9 18.4 20 0 160 13 28 Ending Stocks 34.3 57.8 16 0 77 13 25 SOYBEAN MEAL Thousand Short Tons Production 5.4 9.2 1,261 0 5,344 26 15 Exports 17.1 28.8 943 0 2,750 24 17 Domestic Use 4.3 7.2 818 24 4,950 23 19 Ending Stocks 41.3 69.5 58 0 388 12 19 SOYBEAN OIL Million Pounds Production 5.2 8.8 628 18 2,500 29 13 Exports 44.0 74.0 483 25 1,700 24 18 Domestic Use 3.9 6.6 473 8 1,800 25 17 Ending Stocks 35.4 59.6 442 24 1,702 26 16 ANIMAL PROD. Million Pounds Beef 3.7 6.3 703 40 2,727 20 9 Pork 3.2 5.5 514 5 1,722 17 11 Broilers 2.4 4.0 673 75 1,640 13 16 Turkeys 3.9 6.7 169 2 500 12 17 Million Dozen Eggs 1.9 3.2 120 2 400 17 12 Billion Pounds Milk 1.6 2.7 2.4 0.2 6.7 13 16 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2022/23 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2022/23. Calendar years 1994 through 2022 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1994 -2022. WASDE- 636-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Dema nd Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data f or grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. IPAD is located at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 (Continued from page 5) demand, while cheese and whey prices are lowered. Based on the changes in component prices, Class III prices are lowered while Class IV prices are raised. The 2023 all milk price is forecast at $20.50 per cwt . COTTON : For 2023/24, despite an expected 2 .5-million -acre year -to-year decrease in U.S. area planted to cotton, the crop is expected to rise with abandonment projected at about half of the 47 percent rate realized in 2022/23. Production is forecast at 15.5 million bales, based on 11.26 million planted acres as indicated in the March Prospective Plantings report, but harvested area is expected to rise 1.4 million acres to 8.71 million. While abandonment is projected lower than the year before, it is still expected to be above average due to limited precipitation to date in the Southwest, and the U.S. yield is expected to fall from the record high reached in 2022/23. With production forecast 1 million bales higher, total supplies are nearly 800,000 higher. Exports are also expected to rise, up 900,000 bales as world trade rebounds, and U.S. mill use is expected to rise 100,000 bales. At 3.3 million bales, 2023/24 U.S. ending stocks are projected 200,000 bales lower than the year before. The marketing year average upland farm price is projected at 78 cents per pound, down 5 percent from the previous year. For 2022/23, U.S. cotton production is reduced 212,000 bales from last month to 14.5 million bales. Exports are 400,000 bales higher as the pace of shipments strengthens, and ending stocks are estimated 600,000 bales lower, at 3.5 million. The projected season -average price is unchanged. Global supplies in 2023/24 are projected above a year earlier, as higher beginning stocks more than offset a 664,000 -bale decrease in production. Consumption is expected to rebound , up 6 percent year-to-year, and ending stocks are expected to fall slightly. Production is expected to fall less than 1 percent from the year before in 2023/24 as global area falls slightly and global average yield is little changed . Lower harvested area is expected in China, India, Turkey, and Australia, partly offset by increases in the United States and West Africa’s Franc Zone. The rebound in global cotton spinning that began late in calendar year 2022 is expected to continue into 2023/24, with world economic activity rising slightly in calendar year 2024, according to the International Monetary Fund. Like consumption, world trade is expected to rebound to about the same level as in 2021/22. The global 2022/23 estimates show higher production and lower use compared with the previous month, and projected ending stocks are more than 600,000 bale higher. Uzbekistan’s crop is increased 500,000 bales —and China’s crop by 200,000— based on reported gin output . Mexico’s crop is raised by 180,000 bales based on government data. Historical revisions for Burma, extending back about a decade , included a 275,000- bale reduction in 2022/23 production. Consumption is forecast about 540,000 bales lower this month as declines in Bangladesh, Burma, and Turkmenistan offset increases in India and Vietnam. Approved by the Secretary of Agriculture and by the Chairman of the World Agricultural Outlook Board, Mark Jekanowski, (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: SETH MEYER SECRETARY OF AGRICULTURE DESIGNATE For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ Click to receive WASDE -related notifications b y email Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sew adeh at [email protected] World Agricultural Supply and Demand Estimates WASDE -636 – May 12, 2023 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and empl oyer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 625 Approved by the World Agricultural Outlook Board June 10, 2022 WHEAT: The outlook for 2022/23 U.S. wheat this month is for increased supplies, unchanged domestic use and exports, and higher stocks. Supplies are raised on higher production with all wheat production projected at 1,737 million bushels, up 8 million from last month. NASS raised winter wheat production to 1,182 million bushels as increases for Soft Red Winter and White Winter more than offset a reduction for Hard Red Winter. The all wheat yield is 46.9 bushels per acre, up 0.3 bushels from last month. Projected 2022/23 ending stocks are raised 8 million bushels to 627 million, still down 4 percent from 2021/22. The projected 2022/23 season -average farm price is unchanged at $10.75 per bushel, compared to $7.70 for 2021/22. The global wheat outlook for 2022/23 is for lower supplies, reduced consumption, fractionally lower trade, and slightly lower ending stocks. Supplies are decreased by 1.7 million tons to 1,052.8 million as lower India production more than offsets an increase for Russia. India’s production is lowered 2.5 million tons to 106.0 million as extreme temperatures in March and April reduced yields during grain fill. Russia’s production is raised 1.0 million tons to 81.0 million with all of the increase in winter wheat on generally favorable weather conditions to date. Projected 2022/23 world consumption is reduced 1.5 million tons to 786.0 million mainly on lower feed and residual use for India and less food, seed, and industrial use for Sri Lanka and Argentina. Projected 2022/23 global trade is decreased 0.3 million tons to 204.6 million as lower exports from India are not completely offset by higher exports from Russia and Uzbekistan. India’s exports are reduced 2.0 million tons to 6.5 million as the government intends to restrict exports to some destinations to ensure sufficient domestic supplies. Russia’s exports are raised 1.0 million tons to 40.0 million, which would be the second largest on record. Russia’s supplies are projected higher for 2022/23 and its export prices are more competitive than most other exporters. Projected 2022/23 world ending stocks are lowered 0.2 million tons to 266.9 million, a six -year low. COARSE GRAINS: This month’s 2022/23 U.S. corn outlook is for larger beginning stocks, slightly higher use, and increased ending stocks. Corn area and yield forecasts are unchanged. USDA will release its Acreage report on June 30, which will provide survey - based indications of planted and harvested area. Beginning stocks are up 45 million bushels mostly reflecting a forecast decline in exports for 2021/22. Exports are lowered 50 million bushels, based on reported U.S. Census Bureau shipments through the month of April and export inspection data for the month of May. Food, seed, and industrial use (FSI) is raised 5 million bushels as projected increases in the amount of corn used for glucose and dextrose and starch is partially offset by a decline in high fructose corn syrup. These FSI use changes are carried through for 2022/23. With no other 2022/23 use changes, ending stocks are WASDE- 625-2 raised 40 million bushels. The season- average farm price received by producers is unchanged at $6.75 per bushel. Global coarse grain production for 2022/23 is forecast 3.3 million tons higher to 1,479.2 million. This month’s foreign coarse grain outlook is for larger production, lower trade, and higher ending stocks relative to last month. Corn production is raised for Ukraine, reflecting higher area based on data reported by the government. Barley production is lowered for the EU, mostly on forecast declines for Spain and France that are partially offset by an increase for Germany. Barley production for Australia and Ukraine is reduced based on declines in area. Major global trade changes for 2022/23 include larger corn imports for the EU, but reductions for Morocco, Jordan, and Peru. Barley exports are lowered for Australia, the EU, and Ukraine. Foreign corn ending stocks are raised relative to last month, mostly on increases for Ukraine and Russia. Global corn ending stocks, at 310.5 million tons, are up 5.3 million from last month . RICE : The outlook for 2022/23 U.S. rice this month is for higher beginning and ending stocks with no other changes to the 2022/23 balance sheet. The 2022/23 all rice beginning stocks are increased 1.0 million cwt to 38.5 million, due to a combination of higher imports and lower exports in 2021/22. For 2021/22, all -rice imports are raised 1.0 million cwt to a record 35.5 million on increased shipments from Asia in the first four months of 2022 as indicated by Census data. All rice 2021/22 domestic and residual use is increased by 1.0 million cwt to 148.5 million as the increase in imports is expected to raise consumption by an equivalent amount. All rice 2021/22 exports are lowered 1.0 million cwt to 84.0 million (all long-grain) on a recent extremely slow pace of sales as U.S. rice prices are increasingly uncompetitive. The 2022/23 all rice season average farm price (SAFP) is unchanged at $17.80 per cwt, up $1.90 from the revised 2021/22 SAFP . The 2022/23 global outlook is for smaller supplies, increased consumption, unchanged trade, and lower stocks. Supplies are lowered 2.0 million tons to 702.7 million, primarily on lower beginning stocks for India that were only partly offset by larger production in India and Peru. Rice production in India for 2021/22 is raised 0.7 million tons to 129.7 million on revised estimates from the Government of India. India’s domestic consumption is raised 3.5 million tons in 2021/22 to 107.0 million on higher -than-expected use in food assistance programs. World 2022/23 consumption is raised 0.8 million tons to a record 519.2 million, mainly on increased consumption in India. Projected 2022/23 global ending stocks are lowered 2.8 million tons to 183.4 million, down 4.6 million from the record high in 2020/21 and the second year of declining global stocks after consecutive year -after-year growth from 2006/07 through 2020/21. OILSEEDS : This month’s U.S. soybean supply and use projections for 2022/23 include lower beginning and ending stocks and higher prices. Lower beginning stocks reflects increased exports for 2021/22. Soybean exports for 2021/22 are raised 30 million bushels to 2.17 billion reflecting strong export sales and a reduced export forecast for Braz il. With reduced supplies for 2022/23 and no use changes, soybean ending stocks are projected at 280 million bushels, down 30 million. The soybean price is forecast at $14.70 per bushel, up 30 cents from last month. WASDE- 625-3 Global oilseed production for 2022/23 is lowered 0.3 million tons to 646.8 million as lower sunflowerseed is partly offset by higher rapeseed and soybean output. Sunflowerseed production is lowered and soybean production is raised for Ukraine based on planting progress reports. Rapeseed production is raised for Australia on higher harvested area. Global 2022/23 soybean ending stocks are raised 0.9 million tons to 100.5 million, driven mainly by higher beginning stocks for Argentina and Brazil. Argentina’s 2021/22 soybean production is rais ed 1.4 million tons to 43.4 million on better -than-expected reported yields. Brazil’s 2021/22 soybean production is raised 1.0 million tons to 126.0 million on higher area reported for Mato Grosso. SUGAR: U.S. 2022/23 sugar supply is reduced 302,937 short tons, raw value (STRV) on lower projected production and lower beginning stocks. With no change in use, ending stocks are reduced to 962,890 STRV, implying a stocks -to-use ratio of 7.65 percent, down from 10.05 percent last month. Beginning stocks for 2022/23 are reduced by 95,850 STRV, mostly on lower beet sugar production occurring in August -September as detailed below. U.S. sugarbeet production for 2022/23 is projected at 31.032 million tons, a reduction of 7.8 percent from last month. The reduction is based on late plantings that imply a national sugarbeet yield of 27.88 tons/acre, the lowest level since 2014/15 when similar delays in planting occurred. Beet sugar production over the 2022/23 August -July crop year is projected at 4,600,931 STRV. Unchanged from last month are forecasts of area harvested (1,113,200 acres), sucrose recovery from sliced beets (14.63 percent), sugar from desugared molasses (360,000 STRV), and sugar from imported beets (30,000 STRV). Shrink is reduced to 6.576 percent on processors’ forecasts. Delayed planting implies a reduction in August -September sugar production of 100,000 STRV, now projected at 500,000. This reduction implies a decrease in fiscal year (FY) 2021/22 beet sugar production by that same amount for an estimate of 5,153,518 STRV. FY 2022/23 beet sugar production is projected at 4,809,393 STRV. Cane sugar production for 2022/23 is reduced by 27,062 STRV on lower sugarcane area harvested expected by the processor in Texas. FTA import s are raised by 10,582 STRV on revised FAS data. Cane sugar processors in Florida and Texas reduced their estimates of 2021/22 production by a combined total of 8,864 STRV. A partial offset to these decreases comes from an increase in high- tier tariff im ports due to additional raw sugar imports of 13,014 STRV entering in June. Mexico production for 2021/22 is increased by 40,994 metric tons (MT) to 6,207,684 on an expected strong finish to the campaign in June and extending perhaps into July. Estimated national sugarcane yield at 68.62 MT/hectare and sucrose recovery at 11.34 percent are above recent -year averages. The pace of area harvested has picked up toward the end of the season and is estimated to finish at 797,405 hectares. The production forec ast for 2022/23 at 6,000,000 MT is unchanged from last month. Deliveries for human consumption for 2021/22 are increased by 3.4 percent to 4,050,000 MT on a stronger pace compared with the weak pace of last year. The deliveries estimate is carried over t o 2022/23. There are some adjustments in ending stocks and exports are residually reduced in both years to achieve supply -use balance. Export projections to the United States under license are unaffected by these changes. WASDE- 625-4 LIVESTOCK, POULTRY, AND DAIRY : The total U.S. red meat and poultry production forecast for 2022 is raised from last month as higher beef and pork production more than offset lower poultry production. Beef production is raised with higher expected steer and heifer and cow slaughter more than offsetting lower expected carcass weights. Pork production is raised for the second quarter on the current pace of slaughter , although carcass weights are reduced slightly; no changes are made to the outlying quarters. The Quarterly Hogs and Pigs report, to be released on June 29, will provide indications of supplies of hogs for slaughter in the outlying quarters as well as into early 2023. Broiler production is reduced on the pace of slaughter and recent hatchery data. Turkey production is redu ced on the current pace of slaughter. The production forecasts for 2023 for beef, pork, broiler meat, and turkey meat are unchanged from last month. For 2022, beef exports are raised reflecting stronger sales to several markets in Asia and the strength of demand is expected to carry into early 2023. Stronger demand in several key markets support higher pork, broiler meat, and turkey meat exports forecasts for 2022; the 2023 forecast s are unchanged. For 2022, the import projection for beef is lowered, w hile pork imports are raised reflecting recent trade data. The 2022 cattle price forecast is unchanged from last month. Hog, broiler, and egg prices for the second quarter are lowered from last month on observed prices; no change is made to price forecasts for the outlying quarters. Second- quarter turkey prices are raised on prices to date, but no change is made to the price forecasts for the outlying quarters. No changes are made to the price forecasts for 2023 . Milk production for 2022 is forecast lower than last month on slower growth in milk -per-cow than previously expected. Milk per cow is also reduced slightly for 2023, resulting in lower forecast milk production. For 2022 , commercial exports on a fat basis are unchanged from last month , but skim -solids exports are raised on stronger exports of whey and lactose. For 2023, exports are raised on a fat basis due to stronger expected cheese exports but reduced on a skim -solids basis due to weaker expected sales of skim milk powder . Imports for 2022 are raised on stronger expected demand for cheese, butterfat products, and a number of other dairy products; strength in butterfat product imports is expected to carry into next year and the 2023 forecast is increased. Skim -solids imports are raised for 2022 but are unchanged for 2023. Price forecasts for cheese, butter, and nonfat dry milk (NDM) are raised from the previous month on recent price strength and stronger anticipated demand. The whey price forecast is lowered on observed prices. With mostly stronger product prices, both Class III and Class IV prices are raised. The a ll milk price forecast is raised to $26.20 per cwt for 2022. Continued strengthening in demand, coupled with modest growth in production, is expected to support cheese, butter, and NDM prices in 2023. Thus, prices for those products are raised but whey prices are expected to remain under pressure and the forecast for 2023 i s lowered. Nonetheless, the higher price for cheese more than offsets a weaker forecast whey price and the Class III price is forecast higher. Higher forecast butter and NDM prices result in a higher Class IV price. The 2023 all milk price is forecast higher at $23.80 per cwt. COTTON : The 2022/23 U.S. cotton supply and demand projections are unchanged from last month, with the exception of a 5- cent increase in the season- average upland farm price to 95 cents per pound. A sharply higher percentage of U.S. upland area has been forward WASDE- 625-5 contracted for 2022/23 as of May 31, and futures prices for the post -harvest months remain strong. There are no changes to the 2021/22 U.S. balance sheet, and the projected farm price remains 92 cents. The 2022/23 world cotton balance sheet includes slightly higher production and slightly lower consumption projections compared with the previous month, and ending stocks are virtually unchanged. Production is 200,000 bales higher due to a 100,000- bale increase for Egypt along with smaller changes for West African producers. Global consumption is 450,000 bales lower, with the largest declines in Mexico, Bangladesh, and Vietnam. Beginning stocks for 2022/23 are also lower this month as a 1.5- million -bale decline in 2021/22 global production more than offsets a 1.25 -million -bale decline in projected consumption. A 1.0- million -bale drop in India’s crop accounts for most of the production change, with lower yield expectations in Brazil accounting for the remainder. Consumption is projected 500,000 bales lower i n both China and India, with smaller declines for Mexico and Vietnam. Approved by the Secretary of Agriculture and t he Chairman of the World Agricultural Outlook Board, Mark Jekanowski , (202) 720 -6030. This report was prepared by the Interagency Com modity Estimates Committees. APPROVED BY: GLORIA MONTAÑO GREENE SECRETARY OF AGRICULTURE DESIGNATE WASDE- 625-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone, ICEC Chair, WAOB, [email protected] Andrew Sowell , ERS; Rachel Trego, FAS; Pete Riley, FPAC. Rice: Mark Simone, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS; Pete Riley , FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Michael McConnell, ERS; Kevin Min , FAS . Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Maria Bukowski, ERS; Bill George, FAS; Gustavo Ferreira, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; Graham Soley, FAS; Kent Lanclos, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Vida Abadam, ERS; Souleymane Diaby, FAS; Barbara F ecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Jacob Vuillemin, FAS; Georgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAO B, [email protected] Peyton Ferrier, AMS; Grace Grossen, ERS; Claire Mezoughem, FAS; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, shayle. [email protected] Carolyn Liebrand, AMS; Angel Teran, ERS; Jacob Vuillemin , FAS; Georgi Gabrielyan, FPAC. In 2022 the WASDE report will be released on Jul 12, Aug 12, Sep 12, Oct 12, Nov 9, and Dec 9. WASDE- 625-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Producti on .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subsc riptions ...................................................................... 40 June 2022 WASDE - 625 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2020/21 2724.09 3541.97 488.17 2739.62 802.36 2021/22 (Est.) 2794.47 3596.83 498.23 2793.82 803.01 filler filler filler filler filler 2022/23 (Proj.) May 2765.33 3569.54 487.29 2785.91 783.63 2022/23 (Proj.) Jun 2767.97 3570.98 486.34 2785.00 785.98 filler filler filler filler filler Wheat 2020/21 775.71 1073.87 203.34 782.30 291.57 2021/22 (Est.) 779.03 1070.61 199.39 791.21 279.40 filler filler filler filler filler 2022/23 (Proj.) May 774.83 1054.55 204.89 787.52 267.02 2022/23 (Proj.) Jun 773.43 1052.83 204.59 785.99 266.85 filler filler filler filler filler Coarse Grains 5/ 2020/21 1439.10 1776.54 233.90 1453.77 322.77 2021/22 (Est.) 1501.77 1824.54 245.93 1488.24 336.30 filler filler filler filler filler 2022/23 (Proj.) May 1475.87 1810.30 228.20 1479.95 330.35 2022/23 (Proj.) Jun 1479.19 1815.49 227.56 1479.80 335.69 filler filler filler filler filler Rice, milled 2020/21 509.29 691.57 50.93 503.55 188.01 2021/22 (Est.) 513.67 701.69 52.91 514.38 187.31 filler filler filler filler filler 2022/23 (Proj.) May 514.63 704.70 54.20 518.44 186.26 2022/23 (Proj.) Jun 515.35 702.65 54.20 519.22 183.44 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2020/21 429.86 516.87 107.45 351.02 58.40 2021/22 (Est.) 449.59 514.24 94.39 360.50 59.35 filler filler filler filler filler 2022/23 (Proj.) May 434.96 500.26 92.08 352.87 55.31 2022/23 (Proj.) Jun 435.17 501.71 92.08 353.00 56.63 filler filler filler filler filler Wheat 2020/21 49.75 80.46 26.99 30.48 23.00 2021/22 (Est.) 44.79 70.38 21.91 30.65 17.82 filler filler filler filler filler 2022/23 (Proj.) May 47.05 68.14 21.09 30.21 16.84 2022/23 (Proj.) Jun 47.26 68.35 21.09 30.21 17.05 filler filler filler filler filler Coarse Grains 5/ 2020/21 372.89 427.19 77.48 315.70 34.01 2021/22 (Est.) 398.71 435.26 69.81 325.14 40.30 filler filler filler filler filler 2022/23 (Proj.) May 382.10 423.92 68.39 318.12 37.41 2022/23 (Proj.) Jun 382.10 425.13 68.39 318.25 38.50 filler filler filler filler filler Rice, milled 2020/21 7.22 9.22 2.98 4.85 1.39 2021/22 (Est.) 6.09 8.60 2.67 4.72 1.22 filler filler filler filler filler 2022/23 (Proj.) May 5.80 8.20 2.60 4.54 1.05 2022/23 (Proj.) Jun 5.80 8.23 2.60 4.54 1.09 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). June 2022 WASDE - 625 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2020/21 2,294.23 3,025.10 380.72 2,388.60 743.96 2021/22 (Est.) 2,344.89 3,082.59 403.84 2,433.32 743.66 filler filler filler filler filler 2022/23 (Proj.) May 2,330.37 3,069.27 395.20 2,433.04 728.32 2022/23 (Proj.) Jun 2,332.80 3,069.27 394.26 2,432.01 729.35 filler filler filler filler filler Wheat 2020/21 725.96 993.41 176.36 751.82 268.57 2021/22 (Est.) 734.24 1,000.23 177.48 760.56 261.58 filler filler filler filler filler 2022/23 (Proj.) May 727.78 986.41 183.80 757.31 250.19 2022/23 (Proj.) Jun 726.17 984.48 183.49 755.78 249.80 filler filler filler filler filler Coarse Grains 5/ 2020/21 1,066.21 1,349.34 156.42 1,138.07 288.76 2021/22 (Est.) 1,103.06 1,389.28 176.12 1,163.09 296.00 filler filler filler filler filler 2022/23 (Proj.) May 1,093.77 1,386.37 159.81 1,161.83 292.93 2022/23 (Proj.) Jun 1,097.09 1,390.36 159.17 1,161.55 297.20 filler filler filler filler filler Rice, milled 2020/21 502.06 682.35 47.95 498.71 186.63 2021/22 (Est.) 507.58 693.08 50.24 509.67 186.08 filler filler filler filler filler 2022/23 (Proj.) May 508.83 696.50 51.60 513.90 185.20 2022/23 (Proj.) Jun 509.55 694.42 51.60 514.67 182.35 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2020/21 111.48 209.13 48.51 121.69 88.07 2021/22 (Est.) 116.94 205.02 45.17 121.69 82.95 filler filler filler filler filler 2022/23 (Proj.) May 121.06 204.71 47.56 121.99 82.82 2022/23 (Proj.) Jun 121.27 204.21 47.48 121.54 82.77 filler filler filler filler filler United States 2020/21 14.61 21.86 16.37 2.40 3.15 2021/22 (Est.) 17.52 20.68 14.75 2.55 3.40 filler filler filler filler filler 2022/23 (Proj.) May 16.50 19.91 14.50 2.50 2.90 2022/23 (Proj.) Jun 16.50 19.91 14.50 2.50 2.90 filler filler filler filler filler Foreign 4/ 2020/21 96.87 187.27 32.14 119.29 84.92 2021/22 (Est.) 99.42 184.34 30.42 119.14 79.55 filler filler filler filler filler 2022/23 (Proj.) May 104.56 184.80 33.06 119.49 79.92 2022/23 (Proj.) Jun 104.77 184.31 32.98 119.04 79.87 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. June 2022 WASDE - 625 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2020/21 606.57 718.63 191.41 507.97 115.13 2021/22 (Est.) 599.04 714.17 178.64 511.08 104.89 filler filler filler filler filler 2022/23 (Proj.) May 647.15 750.31 196.35 528.05 119.06 2022/23 (Proj.) Jun 646.82 751.71 196.95 528.30 119.95 filler filler filler filler filler Oilmeals 2020/21 348.17 368.24 96.72 344.28 18.46 2021/22 (Est.) 349.85 368.31 95.06 345.02 17.67 filler filler filler filler filler 2022/23 (Proj.) May 361.98 379.33 97.32 354.91 18.26 2022/23 (Proj.) Jun 362.24 379.91 97.18 355.27 18.72 filler filler filler filler filler Vegetable Oils 2020/21 206.55 235.72 85.31 205.01 27.46 2021/22 (Est.) 211.64 239.10 81.18 207.32 27.65 filler filler filler filler filler 2022/23 (Proj.) May 217.72 244.86 88.15 212.91 28.13 2022/23 (Proj.) Jun 217.72 245.37 88.04 212.26 29.12 filler filler filler filler filler United States Output Total Supply Trade Total Use 2 / Ending Stocks Oilseeds 2020/21 124.52 141.69 62.64 62.66 8.64 2021/22 (Est.) 130.54 140.28 60.05 64.16 7.22 filler filler filler filler filler 2022/23 (Proj.) May 136.60 145.77 60.89 65.75 10.14 2022/23 (Proj.) Jun 136.60 144.97 60.89 65.76 9.32 filler filler filler filler filler Oilmeals 2020/21 48.25 53.01 12.71 39.92 0.39 2021/22 (Est.) 49.31 53.24 12.90 39.91 0.44 filler filler filler filler filler 2022/23 (Proj.) May 50.64 54.92 13.30 41.08 0.54 2022/23 (Proj.) Jun 50.64 54.92 13.30 41.08 0.54 filler filler filler filler filler Vegetable Oils 2020/21 12.70 18.86 1.04 16.53 1.29 2021/22 (Est.) 13.11 19.64 1.07 17.33 1.24 filler filler filler filler filler 2022/23 (Proj.) May 13.43 20.09 0.87 18.06 1.16 2022/23 (Proj.) Jun 13.43 20.09 0.87 18.07 1.15 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2020/21 482.05 576.93 128.77 445.31 106.49 2021/22 (Est.) 468.50 573.89 118.59 446.92 97.67 filler filler filler filler filler 2022/23 (Proj.) May 510.54 604.53 135.46 462.31 108.92 2022/23 (Proj.) Jun 510.22 606.74 136.06 462.54 110.63 filler filler filler filler filler Oilmeals 2020/21 299.92 315.22 84.01 304.37 18.07 2021/22 (Est.) 300.54 315.07 82.16 305.11 17.24 filler filler filler filler filler 2022/23 (Proj.) May 311.34 324.42 84.02 313.83 17.72 2022/23 (Proj.) Jun 311.60 325.00 83.88 314.19 18.18 filler filler filler filler filler Vegetable Oils 2020/21 193.85 216.86 84.27 188.48 26.16 2021/22 (Est.) 198.53 219.46 80.11 189.99 26.40 filler filler filler filler filler 2022/23 (Proj.) May 204.29 224.76 87.27 194.85 26.97 2022/23 (Proj.) Jun 204.30 225.28 87.17 194.19 27.97 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. June 2022 WASDE - 625 - 11 U.S. Wheat Supply and Use 1/ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. May Jun Million Acres Area Planted 44.5 46.7 47.4 * 47.4 * Area Harvested 36.8 37.2 37.1 * 37.1 * Bushels Yield per Harvested Acre 49.7 44.3 46.6 * 46.9 * Million Bushels Beginning Stocks 1,028 845 655 655 Production 1,828 1,646 1,729 1,737 Imports 100 95 120 120 Supply, Total 2,957 2,586 2,504 2,512 Food 961 962 964 964 Seed 64 64 66 66 Feed and Residual 95 100 80 80 Domestic, Total 1,120 1,126 1,110 1,110 Exports 992 805 775 775 Use, Total 2,111 1,931 1,885 1,885 Ending Stocks 845 655 619 627 Avg. Farm Price ($/bu) 2/ 5.05 7.70 10.75 10.75 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2021/22 (Est.) Beginning Stocks 428 235 85 70 27 845 Production 749 297 361 201 37 1,646 Supply, Total 3/ 1,182 572 451 276 105 2,586 Domestic Use 502 250 229 80 66 1,126 Exports 320 210 115 145 15 805 Use, Total 822 460 344 225 81 1,931 Ending Stocks, Total Jun 361 112 107 51 24 655 Ending Stocks, Total May 361 112 107 51 24 655 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. * Planted acres reported in the March 31, 2022, "Prospective Plantings." Harvested acres and yield for other spring wheat and Durum are projected using 10- year harvested -to-planted ratios by state and 1985- 2021 yield trends by state (except for Arizona and California Durum). For May, winter wheat harvested acres and yield reported in the May 12, 2022,"Crop Production." For June, winter wheat harvested acres and yield reported in the June 10, 2022,"Crop Production." ** Wheat -by-class projections for 2022/23 will first be published in the July 12, 2022, WASDE. June 2022 WASDE - 625 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. May Jun Million Acres Area Planted 102.3 105.9 101.2 * 101.2 * Area Harvested 90.6 94.5 90.5 * 90.5 * Metric Tons Yield per Harvested Acre 4.11 4.22 4.22 4.22 Million Metric Tons Beginning Stocks 51.8 34.0 39.1 40.3 Production 372.6 398.5 381.8 381.8 Imports 2.2 2.3 2.5 2.5 Supply, Total 426.6 434.7 423.3 424.5 Feed and Residual 146.3 147.4 139.6 139.6 Food, Seed & Industrial 168.9 177.3 178.0 178.1 Domestic, Total 315.2 324.6 317.5 317.7 Exports 77.5 69.8 68.4 68.4 Use, Total 392.6 394.4 385.9 386.0 Ending Stocks 34.0 40.3 37.4 38.5 CORN 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. May June Million Acres Area Planted 90.7 93.4 89.5 * 89.5 * Area Harvested 82.3 85.4 81.7 * 81.7 * Bushels Yield per Harvested Acre 171.4 177.0 177.0 * 177.0 * Million Bushels Beginning Stocks 1,919 1,235 1,440 1,485 Production 14,111 15,115 14,460 14,460 Imports 24 25 25 25 Supply, Total 16,055 16,375 15,925 15,970 Feed and Residual 5,597 5,625 5,350 5,350 Food, Seed & Industrial 2/ 6,471 6,815 6,815 6,820 Ethanol & by -products 3/ 5,033 5,375 5,375 5,375 Domestic, Total 12,068 12,440 12,165 12,170 Exports 2,753 2,450 2,400 2,400 Use, Total 14,821 14,890 14,565 14,570 Ending Stocks 1,235 1,485 1,360 1,400 Avg. Farm Price ($/bu) 4/ 4.53 5.95 6.75 6.75 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by- products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Market ing- year weighted average price received by farmers. * Planted acres reported in the March 31, 2022, "Prospective Plantings." For corn, harvested acres projected based on historical abandonment and use for silage. The yield projection is based on a weather -adjusted trend, estimated using the 1988- 2021 time period, assuming normal summer growing season weather but lowered to reflect the slow pace of planting progress during May. June 2022 WASDE - 625 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. May Jun Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 5.9 7.3 6.2 * 6.2 * Area Harvested (mil. acres) 5.1 6.5 5.5 * 5.5 * Yield (bushels/acre) 73.2 69.0 69.3 * 69.3 * Beginning Stocks 30 20 33 33 Production 373 448 381 381 Imports 0 0 0 0 Supply, Total 403 468 414 414 Feed and Residual 92 125 85 85 Food, Seed & Industrial 7 20 20 20 Total Domestic 99 145 105 105 Exports 284 290 285 285 Use, Total 383 435 390 390 Ending Stocks 20 33 24 24 Avg. Farm Price ($/bu) 2/ 5.04 5.95 6.65 6.65 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. May June Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.7 2.7 2.9 * 2.9 * Area Harvested (mil. acres) 2.2 1.9 2.4 * 2.4 * Yield (bushels/acre) 77.2 60.4 75.4 * 75.4 * Beginning Stocks 80 71 57 60 Production 171 118 181 181 Imports 7 14 9 9 Supply, Total 258 203 247 250 Feed and Residual 26 20 15 15 Food, Seed & Industrial 147 115 145 145 Total Domestic 172 135 160 160 Exports 14 8 7 7 Use, Total 186 143 167 167 Ending Stocks 71 60 80 83 Avg. Farm Price ($/bu) 2/ 4.75 5.35 7.35 7.35 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. May June Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.0 2.6 2.5 * 2.5 * Area Harvested (mil. acres) 1.0 0.7 0.9 * 0.9 * Yield (bushels/acre) 65.1 61.3 65.6 * 65.6 * Beginning Stocks 37 38 28 28 Production 66 40 59 59 Imports 85 78 95 95 Supply, Total 188 156 182 182 Feed and Residual 68 45 65 65 Food, Seed & Industrial 78 80 81 81 Total Domestic 147 125 146 146 Exports 3 3 2 2 Use, Total 150 128 148 148 Ending Stocks 38 28 34 34 Avg. Farm Price ($/bu) 2/ 2.77 4.40 5.70 5.70 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. * Planted acres reported in the March 31, 2022, "Prospective Plantings." Harvested area for sorghum, barley and oats based on historical average harvested- to-planted ratios. For sorghum the projected yield is the median yield for 2002- 2021. For barley and oats, projected yields are based on the 1992 -2021 linear trends. Yields shown reflect production rounding. June 2022 WASDE - 625 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. May Jun Million Acres Area Planted 3.04 2.53 2.45 * 2.45 * Area Harvested 2.99 2.49 2.41 * 2.41 * Fil ler Pounds Yield per Harvested Acre 7,619 7,709 7,596 * 7,596 * Million Hundredweight Beginning Stocks 2/ 28.7 43.7 37.5 38.5 Production 227.5 191.8 182.7 182.7 Imports 34.1 35.5 38.0 38.0 Supply, Total 290.2 271.0 258.2 259.2 Domestic & Residual 3/ 152.7 148.5 143.0 143.0 Exports, Total 4/ 93.9 84.0 82.0 82.0 Rough 34.6 32.0 34.0 34.0 Milled (rough equiv.) 59.3 52.0 48.0 48.0 Use, Total 246.6 232.5 225.0 225.0 Ending Stocks 43.7 38.5 33.2 34.2 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 14.40 15.90 17.80 17.80 Total LONG -GRAIN RICE 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. May June Harvested Acres (mil.) 2.30 1.94 Yield (pounds/acre) 7,422 7,471 Beginning Stocks 16.9 29.7 21.4 22.4 Imports 27.4 29.0 30.0 30.0 Production 170.8 144.6 140.9 140.9 Supply, Total 7/ 215.1 203.4 192.3 193.3 Domestic & Residual 3/ 120.2 118.0 113.0 113.0 Exports 8/ 65.1 63.0 61.0 61.0 Use, Total 185.3 181.0 174.0 174.0 Ending Stocks 29.7 22.4 18.3 19.3 Avg. Farm Price ($/cwt) 6/ 12.60 13.80 15.50 15.50 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. May June Harvested Acres (mil.) 0.69 0.55 Yield (pounds/acre) 8,282 8,543 Beginning Stocks 10.7 11.5 13.6 13.6 Imports 6.7 6.5 8.0 8.0 Production 56.7 47.2 41.8 41.8 Supply, Total 7/ 72.7 65.1 63.4 63.4 Domestic & Residual 3/ 32.4 30.5 30.0 30.0 Exports 8/ 28.8 21.0 21.0 21.0 Use, Total 61.2 51.5 51.0 51.0 Ending Stocks 11.5 13.6 12.4 12.4 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 20.10 22.20 24.80 24.80 California 10/ 22.60 26.00 29.00 29.00 Other States 1/ 13.00 14.10 16.00 16.00 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2017/18 -1.4; 2018/19-2.1; 2019/20 -1.0. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing -year weighted average price received by farme rs. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The California medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the f inal price may differ. 10/ Marketing year beginning October 1. * Planted acres reported in March 31, 2022, "Prospective Plantings. " Harvested acres are estimated using long run harvested -to-planted ratios by rice class. Projected yield is based on by class trend analysis. June 2022 WASDE - 625 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. May Jun Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 83.4 87.2 91.0 * 91.0 * Area Harvested 82.6 86.3 90.1 * 90.1 * Fil ler Bushels Yield per Harvested Acre 51.0 51.4 51.5 * 51.5 * Million Bushels Beginning Stocks 525 257 235 205 Production 4,216 4,435 4,640 4,640 Imports 20 15 15 15 Supply, Total 4,761 4,707 4,890 4,860 Crushings 2,141 2,215 2,255 2,255 Exports 2,261 2,170 2,200 2,200 Seed 101 106 102 102 Residual 1 12 23 23 Use, Total 4,504 4,502 4,580 4,580 Ending Stocks 257 205 310 280 Avg. Farm Price ($/bu) 2/ 10.80 13.35 14.40 14.70 Total SOYBEAN OIL 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. May June Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,853 2,131 1,976 1,951 Production 4/ 25,023 26,205 26,430 26,430 Imports 302 400 500 500 Supply, Total 27,177 28,736 28,906 28,881 Domestic Disappearance 23,323 24,985 25,800 25,800 Biofuel 3/ 8,850 10,700 12,000 12,000 Food, Feed & other Industrial 14,473 14,285 13,800 13,800 Exports 1,723 1,800 1,400 1,400 Use, Total 25,046 26,785 27,200 27,200 Ending stocks 2,131 1,951 1,706 1,681 Avg. Price (c/lb) 2/ 56.87 75.00 70.00 70.00 Total SOYBEAN MEAL 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. May June Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 341 341 400 400 Production 4/ 50,565 51,859 53,050 53,050 Imports 783 500 450 450 Supply, Total 51,689 52,700 53,900 53,900 Domestic Disappearance 37,580 38,300 39,000 39,000 Exports 13,768 14,000 14,400 14,400 Use, Total 51,348 52,300 53,400 53,400 Ending Stocks 341 400 500 500 Avg. Price ($/s.t.) 2/ 392.31 425.00 400.00 400.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects soybean oil used for biofuels as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,215 million bushels for 2021/22 and 2,255 million bushels for 2022/23. *Planted acres are reported in the March 31, 2022 Prospective Plantings report . Harvested acres are based historical planted -to-harvested ratios. The projected yield is based on a wea ther-adjusted trend model and assumes normal weather. June 2022 WASDE - 625 - 16 U.S. Sugar Supply and Use 1/ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. May Jun Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,618 1,705 1,813 1,717 Production 2/ 9,233 9,120 9,040 8,822 Beet Sugar 5,092 5,154 5,000 4,809 Cane Sugar 4,141 3,967 4,040 4,013 Florida 2,090 1,938 2,000 2,000 Louisiana 1,918 1,906 1,910 1,910 Texas 134 122 130 103 Imports 3,195 3,482 3,003 3,013 TRQ 3/ 1,749 1,727 1,379 1,390 Other Program 4/ 292 300 250 250 Non-program 1,154 1,455 1,373 1,373 Mexico 968 1,220 1,323 1,323 High -tier tariff/other 186 235 50 50 Total Supply 14,046 14,307 13,856 13,553 Exports 49 35 35 35 Deliveries 12,252 12,555 12,555 12,555 Food 12,135 12,450 12,450 12,450 Other 5/ 116 105 105 105 Miscellaneous 40 0 0 0 Total Use 12,341 12,590 12,590 12,590 Ending Stocks 1,705 1,717 1,266 963 Stocks to Use Ratio 13.8 13.6 10.1 7.6 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2021/22 and 2022/23 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2021/22, WTO raw sugar TRQ short fall (71) and for 2022/23 (99). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE - reported deliveries: 2020/21 -- 298; estimated 2021/22 -- 314; projected 2022/23 -- 315 Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2021/22 Est. May 1,053 6,167 50 4,412 1,937 921 2021/22 Est. Jun 1,053 6,208 50 4,547 1,817 947 2022/23 Proj. May 921 6,000 50 4,422 1,628 921 2022/23 Proj. Jun 947 6,000 50 4,547 1,503 947 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2020/21 = 1,320; Estimated 2020/21 = 1,310; Projected 2022/23 = 1,317; Estimated Oct - Apr 2022 = 726, Oct - Apr 2021 = 756. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/En ding Year Statistical Adjustments. IMMEX: 2021/22 (497 est =462 dom.+35 import); 2022/23 (497 proj = 462 dom.+35 import). Statistical Adjustments: 2021/22 (0), 2022/23 (0). June 2022 WASDE - 625 - 17 U.S. Cotton Supply and Use 1/ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. May Jun Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 12.09 11.22 12.23 * 12.23 * Harvested 8.22 10.27 9.14 * 9.14 * Fil ler Pounds Yield per Harvested Acre 853 819 867 * 867 * Million 480 Pound Bales Beginning Stocks 7.25 3.15 3.40 3.40 Production 14.61 17.52 16.50 16.50 Imports 0.00 0.01 0.01 0.01 Supply, Total 21.86 20.68 19.91 19.91 Domestic Use 2.40 2.55 2.50 2.50 Exports, Total 16.37 14.75 14.50 14.50 Use, Total 18.77 17.30 17.00 17.00 Unaccounted 2/ -0.06 -0.02 0.01 0.01 Ending Stocks 3.15 3.40 2.90 2.90 Avg. Farm Price 3/ 66.3 92.0 90.0 95.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. *Planted area as reported in March 31, 2022 Prospective Plantings. Harvested area based on 10 -year average abandonment by region, with the Southwest adjusted to reflect unfavorable moisture conditions. Yield based on 5 -year average yields by region. June 2022 WASDE - 625 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 298.16 775.71 195.37 158.03 782.30 203.34 291.57 World Less China 148.15 641.46 184.75 118.03 632.30 202.58 147.45 United States 27.99 49.75 2.73 2.59 30.48 26.99 23.00 Total Foreign 270.18 725.96 192.64 155.44 751.82 176.36 268.57 Major Exporters 4/ 32.38 323.59 6.66 72.83 179.43 147.50 35.70 Argentina 2.36 17.64 0.01 0.05 6.35 11.53 2.12 Australia 2.68 33.30 0.20 4.50 8.00 23.85 4.33 Canada 5.50 35.18 0.55 4.18 9.13 26.43 5.67 European Union 5/ 13.11 126.69 5.38 42.50 104.75 29.74 10.69 Russia 7.23 85.35 0.40 19.00 42.50 39.10 11.38 Ukraine 1.50 25.42 0.13 2.60 8.70 16.85 1.51 Major Importers 6/ 193.75 200.40 125.06 57.58 323.55 12.62 183.04 Bangladesh 1.76 1.18 7.20 0.50 8.00 0.00 2.14 Brazil 1.99 6.25 6.40 0.40 11.80 0.93 1.91 China 150.02 134.25 10.62 40.00 150.00 0.76 144.12 Japan 1.21 1.00 5.49 0.65 6.25 0.30 1.15 N. Africa 7/ 14.36 15.81 28.50 1.75 46.72 0.80 11.14 Nigeria 0.30 0.06 6.59 0.05 5.55 0.60 0.79 Sel. Mideast 8/ 11.79 20.62 17.74 3.54 38.83 0.62 10.70 Southeast Asia 9/ 5.91 0.00 25.84 7.29 25.05 1.14 5.56 Selected Other India 24.70 107.86 0.02 6.50 102.22 2.56 27.80 Kazakhstan 0.66 14.26 1.00 1.45 6.25 8.19 1.48 United Kingdom 2.44 9.66 3.22 5.96 13.46 0.45 1.42 2021/22 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 291.57 779.03 195.39 161.31 791.21 199.39 279.40 World Less China 147.45 642.09 185.69 126.31 643.21 198.54 137.48 United States 23.00 44.79 2.59 2.72 30.65 21.91 17.82 Total Foreign 268.57 734.24 192.80 158.59 760.56 177.48 261.58 Major Exporters 4/ 35.70 326.69 5.70 78.55 185.85 141.00 41.24 Argentina 2.12 22.15 0.00 0.05 6.35 16.50 1.43 Australia 4.33 36.30 0.20 5.00 8.50 27.50 4.83 Canada 5.67 21.65 0.60 4.50 9.50 15.50 2.92 European Union 5/ 10.69 138.42 4.50 46.50 109.75 29.50 14.36 Russia 11.38 75.16 0.30 18.50 41.75 33.00 12.09 Ukraine 1.51 33.01 0.10 4.00 10.00 19.00 5.61 Major Importers 6/ 183.04 203.23 130.50 53.60 323.65 14.94 178.18 Bangladesh 2.14 1.13 7.50 0.60 8.50 0.00 2.27 Brazil 1.91 7.70 6.50 0.45 11.75 3.20 1.16 China 144.12 136.95 9.70 35.00 148.00 0.85 141.92 Japan 1.15 1.13 5.40 0.75 6.30 0.30 1.08 N. Africa 7/ 11.14 20.43 27.35 1.87 47.02 0.40 11.50 Nigeria 0.79 0.09 6.20 0.05 5.85 0.60 0.63 Sel. Mideast 8/ 10.70 16.50 23.05 3.88 38.93 0.71 10.60 Southeast Asia 9/ 5.56 0.00 26.00 7.30 25.33 1.16 5.07 Selected Other India 27.80 109.59 0.03 7.00 107.91 8.03 21.47 Kazakhstan 1.48 11.81 1.40 1.45 6.25 7.00 1.44 United Kingdom 1.42 13.99 2.30 7.35 15.30 0.70 1.70 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. June 2022 WASDE - 625 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ May 279.72 774.83 201.26 153.53 787.52 204.89 267.02 Jun 279.40 773.43 201.46 153.06 785.99 204.59 266.85 World Less China May 137.80 639.83 191.76 123.53 643.52 203.99 125.51 Jun 137.48 638.43 191.96 123.06 641.99 203.69 125.33 United States May 17.82 47.05 3.27 2.18 30.21 21.09 16.84 Jun 17.82 47.26 3.27 2.18 30.21 21.09 17.05 Total Foreign May 261.89 727.78 198.00 151.35 757.31 183.80 250.19 Jun 261.58 726.17 198.20 150.89 755.78 183.49 249.80 Major Exporters 4/ May 41.39 321.00 6.21 77.55 185.15 147.00 36.44 Jun 41.24 321.60 6.21 77.55 184.95 148.00 36.09 Argentina May 2.33 20.00 0.01 0.05 6.55 14.00 1.78 Jun 1.43 20.00 0.01 0.05 6.35 14.00 1.08 Australia May 4.83 30.00 0.20 4.00 7.55 24.00 3.48 Jun 4.83 30.00 0.20 4.00 7.55 24.00 3.48 Canada May 2.92 33.00 0.60 4.00 9.10 24.00 3.42 Jun 2.92 33.00 0.60 4.00 9.10 24.00 3.42 European Union 5/ May 13.61 136.50 5.00 44.50 108.50 36.00 10.61 Jun 14.36 136.10 5.00 44.50 108.50 36.00 10.96 Russia May 12.09 80.00 0.30 19.00 42.25 39.00 11.14 Jun 12.09 81.00 0.30 19.00 42.25 40.00 11.14 Ukraine May 5.61 21.50 0.10 6.00 11.20 10.00 6.01 Jun 5.61 21.50 0.10 6.00 11.20 10.00 6.01 Major Importers 6/ May 178.16 201.50 132.80 46.89 320.91 15.02 176.53 Jun 178.18 201.40 132.65 47.30 321.15 15.02 176.06 Bangladesh May 2.27 1.10 7.50 0.60 8.70 0.00 2.17 Jun 2.27 1.10 7.00 0.60 8.70 0.00 1.67 Brazil May 1.16 8.50 6.40 0.55 12.05 2.80 1.21 Jun 1.16 8.50 6.40 0.55 12.05 2.80 1.21 China May 141.92 135.00 9.50 30.00 144.00 0.90 141.52 Jun 141.92 135.00 9.50 30.00 144.00 0.90 141.52 Japan May 1.08 1.15 5.30 0.60 6.10 0.30 1.13 Jun 1.08 1.15 5.30 0.60 6.10 0.30 1.13 N. Africa 7/ May 12.05 17.25 29.20 1.87 47.72 0.51 10.27 Jun 11.50 17.15 29.20 1.82 47.67 0.51 9.68 Nigeria May 0.63 0.11 6.50 0.00 6.00 0.60 0.64 Jun 0.63 0.11 6.50 0.00 6.00 0.60 0.64 Sel. Mideast 8/ May 10.14 17.59 22.97 3.42 39.34 0.77 10.59 Jun 10.60 17.59 23.32 3.88 39.63 0.77 11.12 Southeast Asia 9/ May 4.97 0.00 26.03 6.70 25.05 1.15 4.80 Jun 5.07 0.00 26.03 6.70 25.05 1.15 4.90 Selected Other India May 21.35 108.50 0.03 7.00 105.00 8.50 16.38 Jun 21.47 106.00 0.03 6.50 104.50 6.50 16.49 Kazakhstan May 1.44 13.00 1.00 1.40 6.23 8.00 1.21 Jun 1.44 13.00 1.00 1.40 6.23 8.00 1.21 United Kingdom May 1.70 14.40 2.00 7.70 15.70 0.90 1.50 Jun 1.70 14.60 2.00 7.60 15.60 1.00 1.70 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. June 2022 WASDE - 625 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 337.44 1,439.10 234.28 902.12 1,453.77 233.90 322.77 World Less China 136.48 1,170.02 183.75 681.17 1,140.66 233.89 115.31 United States 51.83 372.89 2.48 146.47 315.70 77.48 34.01 Total Foreign 285.61 1,066.21 231.80 755.65 1,138.07 156.42 288.76 Major Exporters 4/ 24.24 295.85 5.47 133.47 179.57 126.71 19.27 Argentina 4.57 60.00 0.02 11.28 17.01 45.52 2.06 Australia 3.01 17.09 0.00 5.26 7.14 10.52 2.44 Brazil 5.82 90.32 3.35 62.42 73.86 21.04 4.60 Canada 3.98 29.64 1.89 16.69 24.65 7.26 3.61 Russia 1.87 41.40 0.09 21.47 31.04 10.42 1.90 Ukraine 2.55 39.59 0.07 9.25 12.41 28.15 1.65 Major Importers 5/ 36.36 252.76 137.80 294.60 377.01 13.22 36.70 European Union 6/ 14.16 155.35 15.87 119.89 159.29 11.45 14.64 Japan 1.74 0.23 16.98 13.45 17.29 0.00 1.66 Mexico 4.14 32.66 17.15 30.34 49.84 0.51 3.60 N. Afr & Mideast 7/ 7.77 32.61 38.85 63.25 71.46 0.69 7.09 Saudi Arabia 1.72 0.19 10.03 10.25 10.61 0.00 1.33 Southeast Asia 8/ 3.82 31.40 22.65 43.43 51.72 0.57 5.59 South Korea 2.02 0.24 11.80 9.47 12.03 0.00 2.04 Selected Other China 200.96 269.08 50.53 220.95 313.11 0.01 207.46 2021/22 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 322.77 1,501.77 226.80 915.19 1,488.24 245.93 336.30 World Less China 115.31 1,220.92 184.45 687.64 1,168.49 245.88 125.45 United States 34.01 398.71 2.54 147.50 325.14 69.81 40.30 Total Foreign 288.76 1,103.06 224.26 767.69 1,163.09 176.12 296.00 Major Exporters 4/ 19.27 335.05 6.63 144.25 189.42 146.66 24.88 Argentina 2.06 62.91 0.01 11.79 17.51 45.00 2.47 Australia 2.44 18.40 0.00 5.50 7.38 11.58 1.89 Brazil 4.60 120.62 2.50 66.10 78.04 44.51 5.18 Canada 3.61 24.21 3.97 16.49 23.79 5.05 2.95 Russia 1.90 38.54 0.10 21.73 30.41 8.26 1.87 Ukraine 1.65 53.51 0.03 15.24 18.37 29.06 7.77 Major Importers 5/ 36.70 248.50 137.82 289.61 372.73 15.01 35.28 European Union 6/ 14.64 154.08 17.42 117.74 157.31 13.37 15.46 Japan 1.66 0.24 16.92 13.41 17.25 0.00 1.57 Mexico 3.60 33.20 18.30 31.12 50.69 0.40 4.01 N. Afr & Mideast 7/ 7.09 29.37 41.53 62.27 70.92 0.61 6.45 Saudi Arabia 1.33 0.20 8.81 8.56 8.91 0.00 1.43 Southeast Asia 8/ 5.59 31.11 18.55 42.65 50.94 0.63 3.67 South Korea 2.04 0.22 11.82 9.45 12.01 0.00 2.06 Selected Other China 207.46 280.85 42.35 227.55 319.75 0.05 210.86 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, an d Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indone sia, Malaysia, Philippines, Thailand, and Vietnam. June 2022 WASDE - 625 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ May 334.42 1,475.87 221.24 912.83 1,479.95 228.20 330.35 Jun 336.30 1,479.19 220.51 912.76 1,479.80 227.56 335.69 World Less China May 123.57 1,196.57 183.39 680.78 1,156.70 228.15 125.64 Jun 125.45 1,199.89 182.66 680.71 1,156.55 227.51 130.99 United States May 39.10 382.10 2.72 139.81 318.12 68.39 37.41 Jun 40.30 382.10 2.72 139.81 318.25 68.39 38.50 Total Foreign May 295.33 1,093.77 218.52 773.03 1,161.83 159.81 292.93 Jun 296.00 1,097.09 217.78 772.95 1,161.56 159.17 297.20 Major Exporters 4/ May 24.39 326.67 4.50 144.53 190.95 134.84 29.76 Jun 24.88 331.33 4.50 145.78 192.21 134.34 34.15 Argentina May 2.46 64.92 0.01 11.97 17.77 47.20 2.42 Jun 2.47 64.88 0.01 11.92 17.73 47.20 2.42 Australia May 1.89 15.02 0.00 5.02 6.90 8.18 1.84 Jun 1.89 14.52 0.00 4.82 6.70 7.88 1.84 Brazil May 5.16 130.54 1.80 69.50 81.99 47.03 8.49 Jun 5.18 130.54 1.80 69.50 81.99 47.03 8.50 Canada May 2.95 29.81 2.54 17.36 24.75 7.25 3.30 Jun 2.95 29.81 2.54 17.36 24.75 7.25 3.30 Russia May 1.40 41.93 0.10 22.28 31.43 10.45 1.56 Jun 1.87 41.93 0.10 22.28 31.43 10.45 2.03 Ukraine May 7.77 26.56 0.00 11.02 14.15 11.03 9.15 Jun 7.77 31.76 0.00 12.52 15.65 10.83 13.06 Major Importers 5/ May 35.28 247.97 137.93 289.01 372.40 13.82 34.97 Jun 35.28 246.97 137.93 288.40 371.80 13.59 34.80 European Union 6/ May 15.43 151.62 16.09 115.75 155.38 12.27 15.48 Jun 15.46 150.82 17.19 116.45 156.08 12.07 15.31 Japan May 1.57 0.24 16.67 13.06 16.95 0.00 1.53 Jun 1.57 0.24 16.67 13.06 16.95 0.00 1.53 Mexico May 4.06 33.50 18.47 31.74 51.36 0.60 4.07 Jun 4.01 33.50 18.47 31.74 51.36 0.60 4.02 N. Afr & Mideast 7/ May 6.43 30.72 40.31 62.40 70.92 0.37 6.17 Jun 6.45 30.51 39.71 61.59 70.12 0.34 6.22 Saudi Arabia May 1.43 0.19 9.51 9.55 9.91 0.00 1.23 Jun 1.43 0.19 9.01 9.05 9.41 0.00 1.23 Southeast Asia 8/ May 3.67 31.41 20.81 42.85 51.40 0.58 3.90 Jun 3.67 31.41 20.81 42.85 51.40 0.58 3.90 South Korea May 2.06 0.22 11.60 9.24 11.80 0.00 2.09 Jun 2.06 0.22 11.60 9.24 11.80 0.00 2.09 Selected Other China May 210.86 279.30 37.85 232.05 323.25 0.05 204.71 Jun 210.86 279.30 37.85 232.05 323.25 0.05 204.71 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit , and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Afr ica and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade ex cludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. June 2022 WASDE - 625 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 307.47 1,129.00 185.34 723.48 1,143.22 182.87 293.25 World Less China 106.94 868.33 155.83 520.48 858.22 182.87 87.54 United States 48.76 358.45 0.62 142.18 306.54 69.92 31.36 Total Foreign 258.71 770.55 184.73 581.30 836.68 112.95 261.89 Major Exporters 4/ 13.37 200.12 2.92 90.70 113.30 93.62 9.50 Argentina 3.62 52.00 0.01 9.50 13.50 40.94 1.18 Brazil 5.33 87.00 2.85 59.50 70.00 21.02 4.15 Russia 0.83 13.87 0.04 8.90 10.00 3.99 0.75 South Africa 2.12 16.95 0.01 6.90 12.70 3.80 2.58 Ukraine 1.48 30.30 0.02 5.90 7.10 23.86 0.83 Major Importers 5/ 20.81 132.40 92.89 164.07 219.23 4.79 22.08 Egypt 1.73 6.40 9.63 13.90 16.40 0.01 1.36 European Union 6/ 7.38 67.14 14.49 57.00 77.40 3.74 7.88 Japan 1.39 0.01 15.48 12.00 15.45 0.00 1.42 Mexico 3.52 27.35 16.50 25.60 43.80 0.48 3.08 Southeast Asia 7/ 3.81 31.35 20.69 41.65 49.70 0.57 5.58 South Korea 2.00 0.09 11.71 9.42 11.78 0.00 2.02 Selected Other Canada 2.56 13.56 1.58 8.59 13.98 1.56 2.17 China 200.53 260.67 29.51 203.00 285.00 0.00 205.70 2021/22 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2 / Exports Ending Stocks World 3/ 293.25 1,216.07 179.45 748.70 1,198.39 196.73 310.92 World Less China 87.54 943.51 156.45 539.70 907.39 196.71 100.68 United States 31.36 383.94 0.64 142.88 315.99 62.23 37.71 Total Foreign 261.89 832.12 178.82 605.81 882.40 134.50 273.21 Major Exporters 4/ 9.50 242.65 2.07 101.10 124.30 113.70 16.22 Argentina 1.18 53.00 0.01 9.80 13.70 39.00 1.49 Brazil 4.15 116.00 2.00 62.00 73.00 44.50 4.65 Russia 0.75 15.23 0.05 10.00 11.10 4.00 0.93 South Africa 2.58 16.30 0.00 7.30 13.30 3.20 2.38 Ukraine 0.83 42.13 0.02 12.00 13.20 23.00 6.77 Major Importers 5/ 22.08 136.71 90.80 166.40 221.75 6.53 21.31 Egypt 1.36 7.44 9.20 13.90 16.40 0.01 1.59 European Union 6/ 7.88 70.50 16.00 59.60 80.20 5.50 8.68 Japan 1.42 0.01 15.40 12.00 15.45 0.00 1.38 Mexico 3.08 27.55 17.50 26.20 44.40 0.40 3.33 Southeast Asia 7/ 5.58 31.06 16.60 40.90 48.95 0.63 3.66 South Korea 2.02 0.08 11.70 9.40 11.75 0.00 2.05 Selected Other Canada 2.17 13.98 3.80 10.80 16.00 1.80 2.15 China 205.70 272.55 23.00 209.00 291.00 0.02 210.24 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. June 2022 WASDE - 625 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ May 309.39 1,180.72 176.84 746.62 1,184.97 182.70 305.13 Jun 310.92 1,185.81 176.68 747.93 1,186.28 182.67 310.45 World Less China May 99.15 909.72 158.84 532.62 889.97 182.68 100.91 Jun 100.68 914.81 158.68 533.93 891.28 182.65 106.23 United States May 36.57 367.30 0.64 135.90 309.01 60.96 34.54 Jun 37.71 367.30 0.64 135.90 309.13 60.96 35.55 Total Foreign May 272.82 813.41 176.20 610.72 875.97 121.74 270.59 Jun 273.21 818.51 176.05 612.03 877.15 121.71 274.89 Major Exporters 4/ May 15.92 233.30 1.36 100.80 124.70 105.00 20.87 Jun 16.22 238.80 1.36 102.30 126.20 105.00 25.17 Argentina May 1.49 55.00 0.01 10.00 14.00 41.00 1.49 Jun 1.49 55.00 0.01 10.00 14.00 41.00 1.49 Brazil May 4.65 126.00 1.30 65.50 77.00 47.00 7.95 Jun 4.65 126.00 1.30 65.50 77.00 47.00 7.95 Russia May 0.63 15.50 0.05 10.00 11.20 4.30 0.68 Jun 0.93 15.50 0.05 10.00 11.20 4.30 0.98 South Africa May 2.38 17.30 0.00 7.30 13.30 3.70 2.68 Jun 2.38 17.30 0.00 7.30 13.30 3.70 2.68 Ukraine May 6.77 19.50 0.00 8.00 9.20 9.00 8.07 Jun 6.77 25.00 0.00 9.50 10.70 9.00 12.07 Major Importers 5/ May 21.36 134.82 91.95 164.90 220.55 5.89 21.69 Jun 21.31 134.82 92.95 165.90 221.55 5.89 21.64 Egypt May 1.59 7.44 9.20 13.90 16.40 0.01 1.83 Jun 1.59 7.44 9.20 13.90 16.40 0.01 1.83 European Union 6/ May 8.68 68.25 15.00 58.00 78.60 4.70 8.63 Jun 8.68 68.25 16.00 59.00 79.60 4.70 8.63 Japan May 1.38 0.01 15.20 11.70 15.20 0.00 1.39 Jun 1.38 0.01 15.20 11.70 15.20 0.00 1.39 Mexico May 3.38 27.60 17.70 26.50 44.70 0.60 3.38 Jun 3.33 27.60 17.70 26.50 44.70 0.60 3.33 Southeast Asia 7/ May 3.66 31.36 18.95 41.20 49.50 0.58 3.89 Jun 3.66 31.36 18.95 41.20 49.50 0.58 3.89 South Korea May 2.05 0.08 11.50 9.20 11.55 0.00 2.08 Jun 2.05 0.08 11.50 9.20 11.55 0.00 2.08 Selected Other Canada May 2.15 14.00 2.50 9.70 14.90 1.60 2.15 Jun 2.15 14.00 2.50 9.70 14.90 1.60 2.15 China May 210.24 271.00 18.00 214.00 295.00 0.02 204.22 Jun 210.24 271.00 18.00 214.00 295.00 0.02 204.22 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. June 2022 WASDE - 625 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 182.28 509.29 46.46 503.55 50.93 188.01 World Less China 65.78 360.99 42.25 353.26 48.71 71.51 United States 0.91 7.22 1.08 4.85 2.98 1.39 Total Foreign 181.37 502.06 45.38 498.71 47.95 186.63 Major Exporters 4/ 41.22 191.63 2.01 149.52 38.31 47.03 Burma 1.01 12.60 0.00 10.50 1.90 1.21 India 33.90 124.37 0.00 101.07 20.20 37.00 Pakistan 1.15 8.42 0.01 3.80 3.88 1.90 Thailand 3.98 18.86 0.20 12.70 6.06 4.28 Vietnam 1.18 27.38 1.80 21.45 6.27 2.64 Major Importers 5/ 128.87 240.06 17.05 255.07 2.71 128.21 China 116.50 148.30 4.22 150.29 2.22 116.50 European Union 6/ 0.90 1.83 1.78 3.40 0.45 0.66 Indonesia 3.31 34.50 0.65 35.40 0.00 3.06 Nigeria 1.49 5.15 2.20 7.15 0.00 1.69 Philippines 3.60 12.42 2.20 14.45 0.00 3.76 Sel. Mideast 7/ 1.22 2.31 3.25 5.83 0.00 0.95 Selected Other Brazil 0.24 8.00 0.63 7.35 0.95 0.57 C. Amer & Carib 8/ 0.67 1.59 1.62 3.29 0.04 0.55 Egypt 1.23 4.00 0.22 4.30 0.01 1.15 Japan 1.98 7.57 0.65 8.20 0.11 1.89 Mexico 0.17 0.20 0.81 0.96 0.02 0.20 South Korea 1.14 3.51 0.43 4.00 0.05 1.02 2021/22 Est. Beginning Stocks Productio n Imports Total /2 Domestic Exports Ending Stocks World 3/ 188.01 513.67 52.26 514.38 52.91 187.31 World Less China 71.51 364.68 46.66 358.54 50.66 74.31 United States 1.39 6.09 1.13 4.72 2.67 1.22 Total Foreign 186.63 507.58 51.13 509.67 50.24 186.08 Major Exporters 4/ 47.03 197.69 1.01 156.06 41.15 48.52 Burma 1.21 12.35 0.00 10.50 2.30 0.77 India 37.00 129.66 0.00 106.96 21.00 38.70 Pakistan 1.90 8.70 0.01 4.10 4.35 2.15 Thailand 4.28 19.65 0.20 13.00 7.00 4.13 Vietnam 2.64 27.33 0.80 21.50 6.50 2.77 Major Importers 5/ 128.21 241.91 20.50 261.92 2.72 125.98 China 116.50 148.99 5.60 155.84 2.25 113.00 European Union 6/ 0.66 1.72 2.10 3.45 0.44 0.59 Indonesia 3.06 34.40 0.75 35.20 0.00 3.01 Nigeria 1.69 5.26 2.20 7.25 0.00 1.90 Philippines 3.76 12.47 3.20 15.20 0.00 4.24 Sel. Mideast 7/ 0.95 2.15 3.85 5.93 0.00 1.02 Selected Other Brazil 0.57 7.28 0.80 7.35 0.85 0.45 C. Amer & Carib 8/ 0.55 1.63 1.80 3.35 0.02 0.61 Egypt 1.15 2.90 0.70 4.05 0.01 0.70 Japan 1.89 7.64 0.69 8.20 0.11 1.91 Mexico 0.20 0.18 0.80 0.97 0.01 0.21 South Korea 1.02 3.88 0.44 3.95 0.06 1.34 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. June 2022 WASDE - 625 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ May 190.07 514.63 52.70 518.44 54.20 186.26 Jun 187.31 515.35 52.48 519.22 54.20 183.44 World Less China May 77.07 365.63 46.70 361.84 51.80 77.26 Jun 74.31 366.35 46.48 362.62 51.80 74.44 United States May 1.19 5.80 1.21 4.54 2.60 1.05 Jun 1.22 5.80 1.21 4.54 2.60 1.09 Total Foreign May 188.88 508.83 51.49 513.90 51.60 185.20 Jun 186.08 509.55 51.27 514.68 51.60 182.35 Major Exporters 4/ May 51.52 198.60 0.81 156.55 42.60 51.78 Jun 48.52 199.10 0.81 157.05 42.60 48.78 Burma May 0.97 12.50 0.00 10.50 2.10 0.87 Jun 0.77 12.50 0.00 10.50 2.10 0.67 India May 41.50 130.00 0.00 107.00 22.00 42.50 Jun 38.70 130.50 0.00 107.50 22.00 39.70 Pakistan May 2.15 8.90 0.01 4.40 4.60 2.06 Jun 2.15 8.90 0.01 4.40 4.60 2.06 Thailand May 4.13 19.80 0.20 13.10 7.50 3.53 Jun 4.13 19.80 0.20 13.10 7.50 3.53 Vietnam May 2.77 27.40 0.60 21.55 6.40 2.82 Jun 2.77 27.40 0.60 21.55 6.40 2.82 Major Importers 5/ May 125.98 242.45 20.00 263.45 2.85 122.14 Jun 125.98 242.45 19.90 263.45 2.85 122.04 China May 113.00 149.00 6.00 156.60 2.40 109.00 Jun 113.00 149.00 6.00 156.60 2.40 109.00 European Union 6/ May 0.59 1.74 2.20 3.45 0.42 0.66 Jun 0.59 1.74 2.20 3.45 0.42 0.66 Indonesia May 3.01 34.60 0.65 35.05 0.00 3.21 Jun 3.01 34.60 0.65 35.05 0.00 3.21 Nigeria May 1.90 5.36 2.20 7.45 0.00 2.00 Jun 1.90 5.36 2.20 7.45 0.00 2.00 Philippines May 4.24 12.41 3.00 15.35 0.00 4.30 Jun 4.24 12.41 3.00 15.35 0.00 4.30 Sel. Mideast 7/ May 1.02 2.24 3.95 6.15 0.00 1.06 Jun 1.02 2.24 3.95 6.15 0.00 1.06 Selected Other Brazil May 0.43 7.10 0.85 7.20 0.65 0.53 Jun 0.45 7.10 0.85 7.30 0.65 0.45 C. Amer & Carib 8/ May 0.59 1.56 1.89 3.41 0.03 0.60 Jun 0.61 1.57 1.89 3.42 0.03 0.62 Egypt May 0.70 2.90 0.95 4.10 0.01 0.44 Jun 0.70 2.90 0.85 4.00 0.01 0.44 Japan May 1.91 7.55 0.69 8.15 0.12 1.87 Jun 1.91 7.55 0.69 8.15 0.12 1.87 Mexico May 0.21 0.19 0.82 0.98 0.01 0.23 Jun 0.21 0.19 0.82 0.98 0.01 0.23 South Korea May 1.34 3.77 0.43 3.95 0.06 1.53 Jun 1.34 3.77 0.43 3.95 0.06 1.53 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. June 2022 WASDE - 625 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2020/21 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 97.65 111.48 49.08 121.69 48.51 -0.07 88.07 World Less China 60.75 81.98 36.22 81.69 48.50 -0.07 48.82 United States 7.25 14.61 3/ 2.40 16.37 -0.06 3.15 Total Foreign 90.40 96.87 49.08 119.29 32.14 -0.01 84.92 Major Exporters 4/ 39.11 53.89 1.60 34.62 27.63 -0.08 32.42 Central Asia 5/ 2.68 5.45 0.01 3.82 1.99 0.00 2.33 Afr. Fr. Zone 6/ 2.52 4.84 3/ 0.11 5.31 0.00 1.93 S. Hemis. 7/ 17.62 15.65 0.14 4.04 13.59 -0.09 15.88 Australia 1.20 2.80 3/ 0.01 1.56 -0.10 2.52 Brazil 14.40 10.82 0.01 3.10 11.01 0.00 11.12 India 15.68 27.60 0.84 26.00 6.19 0.00 11.94 Major Importers 8/ 48.87 39.77 45.06 80.67 3.10 0.07 49.85 Mexico 0.69 1.02 0.93 1.70 0.49 0.03 0.43 China 36.90 29.50 12.86 40.00 0.01 0.00 39.25 European Union 9/ 0.62 1.69 0.56 0.59 1.96 0.00 0.33 Turkey 2.77 2.90 5.33 7.70 0.59 0.00 2.71 Pakistan 3.19 4.50 5.33 10.70 0.03 0.03 2.27 Indonesia 0.64 3/ 2.31 2.45 0.01 0.00 0.50 Thailand 0.10 3/ 0.60 0.61 0.00 0.01 0.08 Bangladesh 2.52 0.15 8.75 8.50 0.00 0.01 2.90 Vietnam 1.11 3/ 7.31 7.30 0.00 0.00 1.12 2021/22 Est. Beginning Stocks Productio n Imports Domestic Use Exports Loss /2 Ending Stocks World 88.07 116.94 44.64 121.69 45.17 -0.15 82.95 World Less China 48.82 89.94 36.14 83.69 45.09 -0.15 46.27 United States 3.15 17.52 0.01 2.55 14.75 -0.02 3.40 Total Foreign 84.92 99.42 44.64 119.14 30.42 -0.13 79.55 Major Exporters 4/ 32.42 56.40 1.98 34.28 26.22 -0.17 30.47 Central Asia 5/ 2.33 5.03 0.02 3.82 1.62 0.00 1.94 Afr. Fr. Zone 6/ 1.93 6.21 3/ 0.11 6.25 0.00 1.77 S. Hemis. 7/ 15.88 20.26 0.16 4.23 13.60 -0.18 18.65 Australia 2.52 5.50 3/ 0.01 4.40 -0.19 3.80 Brazil 11.12 12.70 0.03 3.20 7.90 0.00 12.74 India 11.94 24.50 1.20 25.50 4.30 0.00 7.84 Major Importers 8/ 49.85 39.77 40.14 80.58 2.83 0.05 46.31 Mexico 0.43 1.22 1.00 1.90 0.38 0.03 0.35 China 39.25 27.00 8.50 38.00 0.08 0.00 36.68 European Union 9/ 0.33 1.59 0.61 0.62 1.71 -0.03 0.23 Turkey 2.71 3.80 5.55 8.60 0.60 0.00 2.86 Pakistan 2.27 6.00 4.60 11.00 0.05 0.03 1.79 Indonesia 0.50 3/ 2.55 2.55 0.01 0.00 0.49 Thailand 0.08 3/ 0.73 0.70 0.00 0.01 0.10 Bangladesh 2.90 0.15 8.30 8.80 0.00 0.01 2.54 Vietnam 1.12 3/ 7.20 7.30 0.00 0.00 1.03 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. June 2022 WASDE - 625 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2022/23 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World May 83.65 121.06 47.56 121.99 47.56 -0.10 82.82 Jun 82.95 121.27 47.49 121.54 47.48 -0.10 82.77 World Less China May 47.17 93.56 37.06 83.99 47.51 -0.10 46.40 Jun 46.27 93.77 36.99 83.54 47.43 -0.10 46.15 United States May 3.40 16.50 0.01 2.50 14.50 0.01 2.90 Jun 3.40 16.50 0.01 2.50 14.50 0.01 2.90 filler filler filler filler filler filler filler Total Foreign May 80.25 104.56 47.56 119.49 33.06 -0.10 79.92 Jun 79.55 104.77 47.48 119.04 32.98 -0.10 79.87 Major Exporters 4/ May 31.10 60.24 2.46 34.15 28.98 -0.17 30.84 Jun 30.47 60.45 2.39 34.15 28.83 -0.17 30.49 Central Asia 5/ May 1.94 5.29 0.02 3.75 1.54 0.00 1.95 Jun 1.94 5.29 0.02 3.75 1.54 0.00 1.95 Afr. Fr. Zone 6/ May 1.77 6.25 3/ 0.11 6.06 0.00 1.85 Jun 1.77 6.35 3/ 0.11 6.08 0.00 1.93 S. Hemis. 7/ May 19.18 20.76 0.15 4.18 16.91 -0.18 19.18 Jun 18.65 20.76 0.15 4.18 16.71 -0.18 18.85 Australia May 3.80 5.50 3/ 0.01 5.70 -0.19 3.78 Jun 3.80 5.50 3/ 0.01 5.70 -0.19 3.78 filler filler filler filler filler filler filler Brazil May 13.24 13.20 0.02 3.20 10.00 0.00 13.26 Jun 12.74 13.20 0.02 3.20 9.80 0.00 12.96 India May 7.94 27.50 1.70 25.50 4.00 0.00 7.64 Jun 7.84 27.50 1.70 25.50 4.00 0.00 7.54 Major Importers 8/ May 46.36 41.07 42.71 81.15 2.57 0.07 46.35 Jun 46.31 41.07 42.71 80.75 2.69 0.07 46.57 Mexico May 0.35 1.33 1.10 2.10 0.28 0.03 0.37 Jun 0.35 1.33 1.10 1.90 0.40 0.03 0.45 China May 36.48 27.50 10.50 38.00 0.05 0.00 36.43 Jun 36.68 27.50 10.50 38.00 0.05 0.00 36.63 European Union 9/ May 0.23 1.58 0.58 0.61 1.53 0.00 0.26 Jun 0.23 1.58 0.58 0.61 1.53 0.00 0.26 Turkey May 2.81 4.30 5.00 8.60 0.65 0.00 2.86 Jun 2.86 4.30 5.00 8.60 0.65 0.00 2.91 Pakistan May 1.99 6.20 5.00 11.10 0.05 0.03 2.02 Jun 1.79 6.20 5.00 11.10 0.05 0.03 1.82 Indonesia May 0.49 3/ 2.50 2.50 0.01 0.00 0.49 Jun 0.49 3/ 2.50 2.50 0.01 0.00 0.49 Thailand May 0.10 3/ 0.70 0.70 0.00 0.01 0.09 Jun 0.10 3/ 0.70 0.70 0.00 0.01 0.09 Bangladesh May 2.54 0.16 8.80 9.00 0.00 0.01 2.49 Jun 2.54 0.16 8.80 8.90 0.00 0.01 2.59 Vietnam May 1.13 3/ 7.50 7.50 0.00 0.00 1.13 Jun 1.03 3/ 7.50 7.40 0.00 0.00 1.13 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. June 2022 WASDE - 625 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 94.65 368.13 165.47 315.09 363.85 164.51 99.89 World Less China 70.04 348.52 65.71 222.09 251.11 164.44 68.73 United States 14.28 114.75 0.54 58.26 61.05 61.52 6.99 Total Foreign 80.38 253.38 164.93 256.83 302.80 102.99 92.90 Major Exporters 3/ 47.41 197.31 5.85 90.21 100.84 94.81 54.92 Argentina 26.65 46.20 4.82 40.16 47.41 5.20 25.06 Brazil 20.42 139.50 1.02 46.68 49.88 81.65 29.40 Paraguay 0.33 9.90 0.01 3.30 3.47 6.33 0.44 Major Importers 4/ 27.91 23.25 133.41 122.10 149.91 0.27 34.39 China 24.61 19.60 99.76 93.00 112.74 0.07 31.16 European Union 1.66 2.60 14.79 15.80 17.46 0.19 1.40 Southeast Asia 0.97 0.59 9.68 4.74 10.05 0.01 1.18 Mexico 0.37 0.25 6.10 6.20 6.25 0.00 0.46 2021/22 Est. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 99.89 351.99 154.81 315.37 364.65 155.90 86.15 World Less China 68.73 335.59 62.81 226.37 255.93 155.80 55.40 United States 6.99 120.71 0.41 60.28 63.47 59.06 5.58 Total Foreign 92.90 231.29 154.40 255.09 301.18 96.84 80.57 Major Exporters 3/ 54.92 175.62 2.87 90.38 100.95 89.85 42.60 Argentina 25.06 43.40 2.40 40.25 47.46 2.75 20.65 Brazil 29.40 126.00 0.45 48.50 51.75 82.25 21.86 Paraguay 0.44 4.20 0.01 1.55 1.67 2.90 0.09 Major Importers 4/ 34.39 20.19 125.69 118.75 146.59 0.36 33.32 China 31.16 16.40 92.00 89.00 108.72 0.10 30.74 European Union 1.40 2.73 14.70 15.90 17.62 0.25 0.96 Southeast Asia 1.18 0.53 9.49 4.95 10.24 0.01 0.94 Mexico 0.46 0.29 6.20 6.40 6.45 0.00 0.50 2022/23 Proj. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ May 85.24 394.69 167.12 326.76 377.44 170.01 99.60 Jun 86.15 395.37 167.12 327.18 377.86 170.31 100.46 World Less China May 54.48 377.19 68.12 231.76 261.85 169.91 68.04 Jun 55.40 377.87 68.12 232.18 262.27 170.21 68.90 United States May 6.39 126.28 0.41 61.37 64.78 59.87 8.43 Jun 5.58 126.28 0.41 61.37 64.78 59.87 7.61 Total Foreign May 78.84 268.41 166.71 265.39 312.65 110.14 91.17 Jun 80.57 269.09 166.71 265.81 313.08 110.44 92.85 Major Exporters 3/ May 40.75 212.50 5.57 93.08 103.89 102.13 52.81 Jun 42.60 212.50 5.57 93.33 104.09 102.13 54.46 Argentina May 19.30 51.00 4.80 41.00 48.30 4.70 22.10 Jun 20.65 51.00 4.80 41.00 48.25 4.70 23.50 Brazil May 21.36 149.00 0.75 48.75 52.10 88.50 30.51 Jun 21.86 149.00 0.75 49.00 52.35 88.50 30.76 Paraguay May 0.09 10.00 0.01 3.25 3.41 6.50 0.19 Jun 0.09 10.00 0.01 3.25 3.41 6.50 0.19 Major Importers 4/ May 33.30 21.53 133.53 125.20 154.15 0.33 33.88 Jun 33.32 21.53 133.53 125.20 154.15 0.33 33.89 China May 30.75 17.50 99.00 95.00 115.59 0.10 31.56 Jun 30.74 17.50 99.00 95.00 115.59 0.10 31.56 European Union May 0.93 3.00 15.00 16.10 17.93 0.22 0.79 Jun 0.96 3.00 15.00 16.10 17.93 0.22 0.81 Southeast Asia May 0.94 0.50 9.88 5.00 10.42 0.02 0.88 Jun 0.94 0.50 9.88 5.00 10.42 0.02 0.88 Mexico May 0.50 0.30 6.35 6.60 6.65 0.00 0.50 Jun 0.50 0.30 6.35 6.60 6.65 0.00 0.50 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports . Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to roun ding. June 2022 WASDE - 625 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 15.27 247.56 63.90 243.52 68.69 14.51 World Less China 15.27 173.90 63.82 170.84 67.64 14.51 United States 0.31 45.87 0.71 34.09 12.49 0.31 Total Foreign 14.96 201.69 63.19 209.43 56.20 14.20 Major Exporters 3/ 6.91 75.10 0.25 28.44 46.92 6.90 Argentina 2.57 31.32 0.00 3.30 28.32 2.27 Brazil 3.77 36.18 0.02 19.15 16.58 4.25 India 0.57 7.60 0.24 6.00 2.03 0.38 Major Importers 4/ 2.41 22.86 37.26 59.50 1.12 1.91 European Union 0.79 12.48 16.53 28.39 0.85 0.56 Mexico 0.15 4.90 1.85 6.75 0.01 0.15 Southeast Asia 5/ 1.28 3.69 17.05 20.71 0.27 1.05 China 0.00 73.66 0.07 72.68 1.05 0.00 2021/22 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 14.51 247.38 63.96 243.47 68.80 13.57 World Less China 14.51 176.89 63.90 173.52 68.20 13.57 United States 0.31 47.05 0.45 34.75 12.70 0.36 Total Foreign 14.20 200.33 63.50 208.72 56.10 13.21 Major Exporters 3/ 6.90 77.15 0.52 29.19 48.30 7.08 Argentina 2.27 31.40 0.00 3.33 28.20 2.15 Brazil 4.25 37.59 0.02 19.55 18.00 4.30 India 0.38 8.16 0.50 6.32 2.10 0.63 Major Importers 4/ 1.91 23.37 37.88 60.10 1.16 1.90 European Union 0.56 12.56 16.80 28.49 0.85 0.58 Mexico 0.15 5.06 1.93 6.95 0.01 0.18 Southeast Asia 5/ 1.05 3.86 17.35 20.95 0.30 1.01 China 0.00 70.49 0.06 69.95 0.60 0.00 2022/23 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ May 13.22 256.52 65.10 251.15 69.79 13.89 Jun 13.57 256.85 65.20 251.43 70.05 14.15 World Less China May 13.22 181.28 65.05 176.86 68.79 13.89 Jun 13.57 181.61 65.15 177.14 69.05 14.15 United States May 0.36 48.13 0.41 35.38 13.06 0.45 Jun 0.36 48.13 0.41 35.38 13.06 0.45 Total Foreign May 12.85 208.40 64.69 215.77 56.73 13.44 Jun 13.21 208.73 64.79 216.05 56.98 13.69 Major Exporters 3/ May 6.95 77.92 0.12 30.03 47.90 7.06 Jun 7.08 78.11 0.12 30.03 48.10 7.17 Argentina May 2.15 31.98 0.00 3.38 28.50 2.25 Jun 2.15 31.98 0.00 3.38 28.50 2.25 Brazil May 4.18 37.78 0.02 20.15 17.50 4.32 Jun 4.30 37.97 0.02 20.15 17.70 4.44 India May 0.63 8.16 0.10 6.51 1.90 0.48 Jun 0.63 8.16 0.10 6.51 1.90 0.48 Major Importers 4/ May 1.73 23.72 38.20 60.68 1.11 1.86 Jun 1.90 23.72 38.30 60.83 1.11 1.98 European Union May 0.53 12.72 16.65 28.57 0.80 0.53 Jun 0.58 12.72 16.75 28.59 0.80 0.65 Mexico May 0.18 5.22 1.93 7.13 0.01 0.18 Jun 0.18 5.22 1.93 7.13 0.01 0.18 Southeast Asia 5/ May 0.88 3.90 17.80 21.28 0.31 1.00 Jun 1.01 3.90 17.80 21.40 0.31 1.00 China May 0.00 75.24 0.05 74.29 1.00 0.00 Jun 0.00 75.24 0.05 74.29 1.00 0.00 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. June 2022 WASDE - 625 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 5.28 59.17 11.76 58.52 12.57 5.13 World Less China 4.58 42.51 10.52 40.90 12.53 4.19 United States 0.84 11.35 0.14 10.58 0.78 0.97 Total Foreign 4.44 47.82 11.62 47.94 11.79 4.16 Major Exporters 3/ 1.53 20.54 0.74 12.48 9.02 1.31 Argentina 0.55 7.93 0.00 2.04 6.14 0.30 Brazil 0.48 8.99 0.25 7.96 1.26 0.50 European Union 0.44 3.00 0.49 2.43 1.06 0.44 Major Importers 4/ 1.48 19.87 6.74 26.41 0.21 1.47 China 0.70 16.67 1.23 17.63 0.04 0.93 India 0.14 1.71 3.25 4.94 0.01 0.15 North Africa 5/ 0.43 0.99 1.61 2.61 0.13 0.29 2021/22 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 5.13 59.43 11.51 59.40 12.35 4.32 World Less China 4.19 43.48 10.91 42.30 12.26 4.03 United States 0.97 11.89 0.18 11.33 0.82 0.89 Total Foreign 4.16 47.54 11.33 48.06 11.53 3.43 Major Exporters 3/ 1.31 20.60 0.63 12.31 8.81 1.42 Argentina 0.30 7.95 0.00 2.30 5.53 0.42 Brazil 0.50 9.34 0.13 7.50 1.95 0.51 European Union 0.44 3.02 0.50 2.46 1.03 0.48 Major Importers 4/ 1.47 19.32 6.77 26.52 0.20 0.85 China 0.93 15.95 0.60 17.10 0.09 0.29 India 0.15 1.84 3.80 5.55 0.02 0.22 North Africa 5/ 0.29 1.01 1.62 2.58 0.09 0.25 2022/23 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ May 4.09 61.43 12.12 61.02 12.75 3.88 Jun 4.32 61.51 12.15 60.86 12.80 4.32 World Less China May 3.75 44.41 11.02 42.97 12.66 3.55 Jun 4.03 44.49 11.05 43.16 12.71 3.70 United States May 0.90 11.99 0.23 11.70 0.64 0.77 Jun 0.89 11.99 0.23 11.70 0.64 0.76 Total Foreign May 3.20 49.44 11.89 49.31 12.11 3.10 Jun 3.43 49.52 11.92 49.16 12.16 3.56 Major Exporters 3/ May 1.21 21.17 0.60 12.38 9.43 1.18 Jun 1.42 21.21 0.60 12.48 9.45 1.31 Argentina May 0.35 8.10 0.00 2.27 5.90 0.29 Jun 0.42 8.10 0.00 2.32 5.90 0.30 Brazil May 0.39 9.39 0.10 7.60 1.88 0.41 Jun 0.51 9.44 0.10 7.65 1.90 0.50 European Union May 0.46 3.06 0.50 2.46 1.10 0.46 Jun 0.48 3.06 0.50 2.46 1.10 0.49 Major Importers 4/ May 0.82 20.53 7.14 27.47 0.21 0.81 Jun 0.85 20.53 7.19 27.22 0.21 1.14 China May 0.34 17.02 1.10 18.05 0.09 0.33 Jun 0.29 17.02 1.10 17.70 0.09 0.63 India May 0.17 1.84 3.65 5.48 0.02 0.17 Jun 0.22 1.84 3.70 5.58 0.02 0.17 North Africa 5/ May 0.23 1.13 1.61 2.62 0.11 0.24 Jun 0.25 1.13 1.61 2.62 0.11 0.27 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. June 2022 WASDE - 625 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2021 II 6,963 6,668 13,679 11,232 1,399 12,771 26,450 2,277 58.1 III 6,979 6,530 13,554 11,581 1,403 13,125 26,679 2,299 55.8 IV 7,106 7,185 14,341 11,193 1,366 12,689 27,030 2,371 55.4 Annual 27,948 27,675 55,815 44,899 5,558 50,995 106,810 9,238 226.3 2022 I 7,022 6,904 13,972 11,170 1,374 12,679 26,650 2,295 56.3 II* 7,065 6,670 13,784 11,300 1,290 12,720 26,504 2,180 57.8 III* 7,125 6,555 13,726 11,600 1,325 13,065 26,791 2,235 56.1 IV* 6,695 7,090 13,835 11,250 1,360 12,735 26,570 2,315 56.1 Annual May Proj. 27,842 27,039 55,068 45,419 5,359 51,311 106,379 8,997 226.7 Jun Proj. 27,907 27,219 55,317 45,320 5,349 51,199 106,515 9,025 226.4 2023 I* 6,510 6,995 13,547 11,225 1,385 12,740 26,287 2,320 56.9 Annual May Proj. 25,950 27,365 53,495 45,675 5,650 51,845 105,340 9,490 229.5 Jun Proj. 25,950 27,365 53,495 45,675 5,650 51,845 105,340 9,490 229.3 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2021 II 120.75 80.92 104.4 117.7 94.2 18.53 III 123.51 76.15 105.4 129.7 120.1 17.90 IV 132.36 56.36 110.9 133.4 131.8 20.67 Annual 122.40 67.29 101.2 122.8 118.5 18.53 2022 I 139.25 65.55 135.1 131.4 170.8 24.93 II* 140.00 75.00 168.0 142.0 240.0 27.35 III* 136.00 76.00 165.0 145.0 190.0 26.05 IV* 145.00 66.00 150.0 150.0 170.0 26.45 Annual May Proj. 140.1 71.1 155.0 141.6 194.0 25.75 Jun Proj. 140.1 70.6 154.5 142.1 192.7 26.20 2023 I* 150.00 66.00 155.0 135.0 160.0 24.70 Annual May Proj. 153 71 149 138 149 23.55 Jun Proj. 153 71 149 138 149 23.80 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices re ceived by farmers for all milk. June 2022 WASDE - 625 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2021 716 28,016 3,348 32,079 3,447 676 27,956 58.9 2022 Proj. May 676 27,910 3,545 32,131 3,356 675 28,100 59.0 Jun 676 27,975 3,515 32,166 3,421 695 28,050 58.9 2023 Proj. May 675 26,018 3,200 29,893 2,930 640 26,323 55.1 Jun 695 26,018 3,200 29,913 2,940 640 26,333 55.1 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2021 467 27,690 1,180 29,337 7,030 446 21,861 51.1 2022 Proj. May 446 27,054 1,408 28,907 6,581 500 21,826 50.8 Jun 446 27,234 1,443 29,122 6,621 545 21,956 51.1 2023 Proj. May 500 27,380 1,440 29,320 6,510 515 22,295 51.7 Jun 545 27,380 1,440 29,365 6,510 580 22,275 51.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2021 1,217 55,906 4,892 62,015 10,481 1,147 50,388 111.5 2022 Proj. May 1,147 55,159 5,308 61,615 9,941 1,200 50,474 111.3 Jun 1,147 55,408 5,313 61,869 10,046 1,265 50,558 111.5 2023 Proj. May 1,200 53,587 5,010 59,797 9,444 1,179 49,174 108.3 Jun 1,265 53,587 5,010 59,862 9,454 1,244 49,164 108.3 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2021 830 44,419 155 45,403 7,367 705 37,331 96.5 2022 Proj. May 705 44,933 178 45,816 7,376 750 37,690 97.2 Jun 705 44,835 178 45,718 7,396 750 37,572 96.9 2023 Proj. May 750 45,186 152 46,088 7,465 750 37,873 97.3 Jun 750 45,186 152 46,088 7,465 750 37,873 97.3 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2021 223 5,558 22 5,804 549 166 5,089 15.3 2022 Proj. May 166 5,359 28 5,553 372 150 5,031 15.1 Jun 166 5,349 28 5,543 387 170 4,986 15.0 2023 Proj. May 150 5,650 28 5,828 395 170 5,263 15.7 Jun 170 5,650 28 5,848 395 170 5,283 15.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2021 1,057 50,514 180 51,751 7,961 874 42,916 113.3 2022 Proj. May 874 50,824 210 51,908 7,796 904 43,208 113.7 Jun 874 50,713 210 51,797 7,826 924 43,047 113.3 2023 Proj. May 904 51,356 183 52,443 7,908 924 43,611 114.4 Jun 924 51,356 183 52,463 7,900 924 43,639 114.5 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2021 2,274 106,420 5,072 113,767 18,442 2,021 93,304 224.8 2022 Proj. May 2,021 105,984 5,518 113,523 17,737 2,104 93,682 225.1 Jun 2,021 106,122 5,523 113,666 17,872 2,189 93,605 224.8 2023 Proj. May 2,104 104,943 5,193 112,240 17,352 2,103 92,785 222.7 Jun 2,189 104,943 5,193 112,325 17,354 2,168 92,803 222.8 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. June 2022 WASDE - 625 - 33 U.S. Egg Supply and Use Commodity 2020 2021 2022 Proj. 2022 Proj. 2023 Proj. 2023 Proj. May Jun May Jun Eggs Million Dozen Supply Beginning Stocks 31.6 24.5 19.1 19.1 19.0 19.0 Production 9,291.8 9,237.8 8,996.8 9,025.1 9,490.0 9,490.0 Imports 15.5 18.2 45.1 20.1 28.5 18.5 Total Supply 9,338.9 9,280.5 9,061.0 9,064.4 9,537.5 9,527.5 Use Exports 344.0 392.3 281.1 281.1 320.0 320.0 Hatching Use 1,078.5 1,103.7 1,130.9 1,125.9 1,140.0 1,140.0 Ending Stocks 24.5 19.1 19.0 19.0 21.0 21.0 Disappearance Total 7,891.8 7,765.4 7,630.0 7,638.4 8,056.5 8,046.5 Per Capita (number) 285.5 280.5 274.8 275.1 289.0 288.7 Total U.S. Milk Supply and Use Commodity 2020 2021 2022 Proj. 2022 Proj. 2023 Proj. 2023 Proj. May Jun May Jun Milk Billion Pounds Production 223.3 226.3 226.7 226.4 229.5 229.3 Farm Use 1.1 1.0 1.1 1.1 1.1 1.1 Fat Basis Supply Beginning Stocks 13.6 15.6 14.3 14.3 12.9 12.8 Marketings 222.2 225.2 225.6 225.4 228.4 228.2 Imports 6.8 6.5 6.6 7.0 6.6 6.9 Total Supply 242.6 247.4 246.5 246.7 247.9 247.9 Fat Basis Use Exports 9.3 11.6 12.0 12.0 11.5 11.6 Ending Stocks 15.6 14.3 12.9 12.8 13.6 13.6 Domestic Use 217.8 221.4 221.6 221.8 222.8 222.7 Skim -solid Basis Supply Beginning Stocks 10.2 10.9 11.1 11.1 11.0 11.0 Marketings 222.2 225.2 225.6 225.4 228.4 228.2 Imports 5.6 5.8 5.9 6.1 6.0 6.0 Total Supply 238.0 241.9 242.6 242.5 245.4 245.2 Skim -solid Basis Use Exports 47.2 51.1 49.9 50.1 51.0 50.9 Ending Stocks 10.9 11.1 11.0 11.0 11.7 11.7 Domestic Use 179.9 179.7 181.7 181.4 182.7 182.5 Total Dairy domestic use for 2020 includes additional milk marketed but not processed. Note: Totals may not add due to rounding. June 2022 WASDE - 625 - 34 U.S. Dairy Prices Commodity 2020 2021 2022 Proj. 2022 Proj. 2023 Proj. 2023 Proj. May Jun May Jun Product Prices 1/ Dollars Per Pound Cheese 1.9236 1.6755 2.175 2.195 2.040 2.050 Butter 1.5808 1.7325 2.650 2.765 2.350 2.385 Nonfat Dry Milk 1.0417 1.2693 1.715 1.755 1.580 1.620 Dry Whey 0.3621 0.5744 0.655 0.640 0.520 0.520 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 18.16 17.08 22.75 22.90 20.50 20.65 Class IV 13.49 16.09 23.80 24.65 21.40 21.90 All Milk 3/ 18.13 18.53 25.75 26.20 23.55 23.80 All prices are January -December averages. 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation. June 2022 WASDE - 625 - 35 Reliability of June Projections 1/ Note: Tables on pages 35 -37 present a record of the June projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 3 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 5.1 percent. The average difference between the June projection and the final estimate is 16 million tons, ranging from 0.4 million to 32.2 million tons. The June projection has been below the estimate 25 times and above 16 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 3.0 5.1 16.0 0.4 32.2 25 16 U.S. 6.1 10.3 2.7 0.0 8.4 23 18 Foreign 3.2 5.3 14.9 1.1 31.9 24 16 Exports World 6.0 10.1 6.3 0.0 19.2 27 13 U.S. 11.9 20.0 2.8 0.1 10.2 23 18 Foreign 6.5 11.0 5.6 0.6 19.8 29 11 Domestic Use World 2.2 3.7 10.6 0.3 27.7 24 17 U.S. 7.0 11.8 1.8 0.0 6.4 18 23 Foreign 2.2 3.8 10.4 0.6 28.6 26 14 Ending Stocks World 10.1 17.1 12.8 0.8 40.5 26 15 U.S. 18.4 31.0 3.4 0.1 14.9 23 18 Foreign 10.3 17.5 10.8 0.8 36.1 25 15 COARSE GRAINS 2/ Production World 3.6 6.1 26.8 0.6 103.3 23 18 U.S. 13.4 22.6 19.9 0.5 103.8 22 19 Foreign 2.7 4.6 14.6 0.4 45.6 21 19 Exports World 7.6 12.7 7.7 0.3 24.0 29 12 U.S. 28.4 47.9 8.3 0.1 30.8 18 23 Foreign 13.4 22.7 6.8 0.5 19.2 26 14 Domestic Use World 1.9 3.2 14.5 0.3 66.7 19 22 U.S. 5.5 9.3 7.6 0.1 37.0 25 16 Foreign 2.0 3.4 11.8 0.1 38.2 20 20 Ending Stocks World 20.7 34.8 26.5 1.7 170.1 28 13 U.S. 54.6 92.0 16.5 0.5 57.6 23 18 Foreign 17.2 29.2 15.8 0.1 155.2 30 10 RICE, milled Production World 2.4 4.0 7.0 0.3 21.8 27 14 U.S. 7.2 12.2 0.3 0.0 1.1 22 19 Foreign 2.4 4.1 6.9 0.4 21.9 26 14 Exports World 9.6 16.2 1.9 0.1 7.5 29 12 U.S. 11.2 18.9 0.2 0.0 1.0 19 19 Foreign 10.5 17.9 1.9 0.1 7.1 29 11 Domestic Use World 1.9 3.1 4.9 0.0 20.3 26 15 U.S. 8.5 14.4 0.2 0.0 0.6 17 23 Foreign 1.9 3.2 4.9 0.0 20.8 27 13 Ending Stocks World 14.4 24.2 7.8 0.2 26.7 29 12 U.S. 32.6 54.9 0.3 0.0 0.9 21 18 Foreign 15.6 26.4 7.9 0.4 26.4 29 11 1/ Footnotes at end of table. CONTINUED June 2022 WASDE - 625 - 36 Reliability of June Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World NA NA 12.5 0.1 36.2 7 11 U.S. 9.0 15.1 4.7 0.0 16.2 22 19 Foreign NA NA 9.7 0.2 37.0 6 11 Exports World NA NA 6.3 0.5 17.3 10 8 U.S. 15.4 25.9 3.4 0.3 14.0 23 18 Foreign NA NA 5.1 0.4 19.1 11 6 Domestic Use World NA NA 7.5 0.3 17.9 7 11 U.S. 6.0 10.2 1.9 0.1 7.2 25 16 Foreign NA NA 6.9 0.4 17.5 7 10 Ending Stocks World NA NA 8.5 0.1 26.2 8 10 U.S. 67.0 112.9 3.5 0.4 16.6 14 27 Foreign NA NA 6.5 0.3 19.1 9 8 COTTON Million 480 -Pound Bales Production World 5.9 10.0 4.1 0.0 16.4 22 18 U.S. 11.4 19.2 1.6 0.1 5.7 20 21 Foreign 6.0 10.1 3.2 0.2 12.4 22 18 Exports World 10.2 17.3 2.3 0.1 12.4 23 18 U.S. 28.7 48.3 1.4 0.1 4.0 24 17 Foreign 13.0 22.1 1.8 0.1 9.9 21 19 Domestic Use World 5.3 9.0 3.5 0.1 20.3 17 24 U.S. 10.1 16.9 0.5 0.0 1.4 18 22 Foreign 5.5 9.3 3.4 0.0 19.9 20 20 Ending Stocks World 17.0 28.7 6.7 0.5 19.9 26 15 U.S. 45.6 76.8 1.5 0.1 4.7 20 21 Foreign 16.3 27.6 5.7 0.3 19.2 27 13 1/ Marketing years 1981/82 through 2021/22 for grains, soybeans (U.S. only), and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2020/21, and for 2021/22 the last mo nth’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. June 2022 WASDE - 625 - 37 Reliability of United States June Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 15.8 26.7 780 8 4,010 21 20 Exports 29.9 50.4 306 38 1,150 20 21 Domestic Use 13.0 21.9 438 0 5,888 24 16 Ending Stocks 64.2 108.1 600 32 2,091 23 18 SORGHUM Production 19.5 32.9 82 0 228 21 19 Exports 40.9 68.8 49 0 190 19 21 Domestic Use 28.4 47.8 55 0 140 18 22 Ending Stocks 66.2 111.5 44 0 191 15 25 BARLEY Production 15.0 25.3 27 1 206 16 25 Exports 75.1 126.5 13 0 92 21 16 Domestic Use 11.7 19.7 28 0 95 18 22 Ending Stocks 23.0 38.7 22 1 79 18 23 OATS Production 24.1 40.5 29 1 231 8 33 Exports 108.2 182.2 1 0 8 12 12 Domestic Use 11.0 18.6 20 0 160 13 26 Ending Stocks 29.8 50.2 16 0 77 12 27 SOYBEAN MEAL Thousand Short Tons Production 5.5 9.3 1,286 57 4,919 26 15 Exports 17.1 28.8 968 50 2,650 26 15 Domestic Use 4.6 7.7 876 24 4,650 22 19 Ending Stocks 43.5 73.2 52 0 488 13 16 SOYBEAN OIL Million Pounds Production 5.3 8.8 645 18 2,330 30 11 Exports 32.4 54.6 436 0 1,700 24 16 Domestic Use 4.2 7.0 480 0 2,100 24 16 Ending Stocks 36.7 61.8 447 0 1,432 21 19 ANIMAL PROD. Million Pounds Beef 3.9 6.6 745 41 2,727 20 8 Pork 3.3 5.6 538 14 1,722 16 12 Broilers 2.2 3.8 611 55 1,465 12 16 Turkeys 4.0 6.8 168 2 478 12 16 Million Dozen Eggs 1.8 3.1 113 2 473 19 9 Billion Pounds Milk 1.6 2.7 2.4 0.2 7.0 14 14 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2021/22 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate followin g the marketing year for 1981/82 through 2021/22. Calendar years 1994 through 2021 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1994 -2021. WASDE- 625-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricult ural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. IPAD is located at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ Click to receive WASDE -related notifications b y email Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at [email protected] World A gricultural Supply and Demand Estimates WASDE -625 – June 10, 2022 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 607 Approved by the World Agricultural Outlook Board December 10, 2020 WHEAT: The outlook for 2020/21 U.S. wheat this month is for slightly smaller supplies, unchanged domestic use, higher exports, and lower ending stocks. Supplies are reduced on lower imports, which are decreased 5 million bushels to 120 million on a slower -than- expected pace. Exports are raised 10 million bushels to 985 million as higher white wheat exports are partially offset by lower Hard Red Winter (HRW) exports. Sales and shipments of white wheat have been robust this marketing year to several East Asian countries. Conversely, HRW exports have slowed for the past several weeks. Projected 2020/21 ending stocks are reduced 15 million bushels to 862 million, down 16 percent from last year. The season- average farm price is unchanged at $4.70 per bushel. The 2020/21 global wheat outlook is for larger supplies, increased consumption, higher exports, and reduced stocks. Supplies are raised 1.2 million tons to 1,074.3 million on higher global production, which is now a new record at 773.7 million. Most of this month’s production increase is for Australia, which is raised 1.5 million tons to 30.0 million. This increase is partially based on the latest ABARES production forecast. Russia’s production is raised 500,000 tons to 84.0 million with the harvest results now complete. Canada’s wheat production is raised 0.2 million tons to 35.2 million on the final Statistics Canada estimate for the 20 20/21 crop year. With this month’s production changes, Australia, Canada, and Russia all have their second largest wheat production on record. World 2020/21 consumption is increased 5.1 million tons to 757.8 million, mostly on higher feed and residual use for China, Australia, and the EU. China is raised 3.0 million tons to 24.0 million, which would be its highest wheat feed and residual use since 2012/13. Increased wheat feed usage is expected as China’s domestic price premium of wheat over corn has narrowed significantly this year with greater supplies of old- crop wheat available through government auctions of grain stocks. Projected 2020/21 global trade is raised 2.9 million tons to 193.7 million on higher exports for Australia, Canada, Russia and the United States. The largest import increases this month are for China and Pakistan, each raised 500,000 tons. China’s import pace continues to be significantly higher than last year and at 8.5 million tons, imports would be the largest since 1995/96. Pakistan continues to actively import wheat to raise stocks in order to alleviate food price inflation concerns. Pakistan’s imports of 2.5 million tons would be its largest since 2008/09. Projected 2020/21 world ending stocks are lowered 3.9 million tons to 316.5 million but remain record high with China and India holding 51 and 10 percent of the total, respectively. COARSE GRAINS: This month’s 2020/21 U.S. corn supply and use outlook is unchanged from last month. The projected season- average farm price is unchanged at $4.00 per bushel. WASDE-607-2 Global coarse grain production for 2020/21 is forecast virtually unchanged at 1,447.8 million tons. The 2020/21 foreign coarse grain outlook is for essentially unchanged production, greater trade, and smaller ending stocks relative to last month. Foreign corn production is forecast lower as an increase for Ukraine is more than offset by reductions for A rgentina, the EU, and Canada. Argentina corn production is reduced based on lower expected area. Canada corn output is lowered as marginally higher area is more than offset by a reduction in yield. EU corn production is down mostly reflecting a smaller forecast for Bulgaria. Ukraine corn production is raised based on harvest results to date. Barley production is raised for Australia and Canada. Sorghum production is increased for Argentina. Corn exports are raised for Ukraine but lowered for the EU. Imports are raised for China and Bangladesh, with partially offsetting reductions for the EU, Egypt, Iran, Morocco, and Tunisia. China’s sorghum and barley imports are projected higher, raising the country’s total coarse grain imports 4.8 million tons to 30.9 million. If realized , this would be record high and account for 14 percent of global coarse grain trade, slightly below the high seen during 2014/15. Foreign corn ending stocks for 2020/21 are reduced, mostly reflecting reductions for India, Brazi l, Canada, Ukraine, and Egypt. RICE : The outlook for 2020/21 U.S. rice this month is for slightly lower supplies, unchanged domestic use, decreased exports, and higher ending stocks. Supplies are lowered, all on reduced medium - and short -grain imports. Imports are lowered by 0.8 million cwt to 36.5 million as reduced shipments from China to Puerto Rico are expected. Exports are lowered by 2.0 million cwt to 95.0 million on the continued weak pace of sales and shipments in the first half of the marketin g year (MY) with all the reduction for long- grain. Projected 2020/21 all rice ending stocks are raised 1.3 million cwt to 50.8 million, up 77 percent from last year. These would be the largest ending stocks since the 1986/87 MY. The projected 2020/21 al l rice season -average farm price is raised $0.20 per cwt to $13.10 with increases in both the long- grain and medium - and short -grain prices. These increases are based on NASS prices reported through October and price expectations for the remainder of the MY. The 2020/21 global outlook is for slightly higher supplies, larger consumption, increased trade, and reduced stocks. Rice supplies are raised 0.4 million tons to 679.4 million, primarily on increased beginning stocks for Pakistan and higher production for Australia. World production for 2020/21 is raised 0.1 million tons as higher production for Australia and Peru is nearly offset by a reduction for South Korea. Global 2020/21 consumption is increased 1.2 million tons to 500.4 million, led by greater consumption for Nigeria and Saudi Arabia. World trade is raised by 1.0 million tons to 45.3 million tons, primarily on increased exports by India as its shipment pace since August remains robust. Projected 2020/21 world ending stocks are lowered 0.8 mi llion tons to 179.0 million but are still record high with China and India accounting for 65 and 17 percent, respectively. OILSEEDS : Total U.S. oilseed production for 2020/21 is projected at 123.7 million tons, down from last month on lower cottonseed production. Soybean crush for 2020/21 is increased 15 million bushels to 2.195 billion on strong crush margins and record early - season crush. With exports unchanged, soybean ending stocks for 2020/21 are projected at 175 million bushels. If realized, ending stocks would be the lowest since 2013/14. Soybean and soybean product prices are forecast higher this month. The U.S. season- average soybean price for 2020/21 is projected at $10.55 per bushel, up 15 cents. The WASDE-607-3 soybean meal price is projected at $370 per short ton, up 15 dollars. The soybean oil price is forecast at 36 cents per pound, up 1.5 cents with cash prices reaching the highest level in the past six years. The 2020/21 global oilseed supply and demand forecasts include lower production, higher exports, and lower ending stocks. Global oilseed production is projected at 595.7 million tons, down 1.6 million from last month, with lower soybeans, rapeseed, sunflowerseed, and cottonseed. Global soybean production is projected down 0.6 million tons to 362.1 million. Higher soybean crops for Canada and Uruguay are offset by lower production for Argentina, which is reduced 1 million tons to 50 million on lower harvested area. Lower production for Argentina leads to lower crush and soybean meal exports, supporting higher U.S. exports. Global rapeseed production is projected lower as reduced estimates for Canada and the EU are partly offset by a larger Australian crop. Global sunflowerseed production is projected down 0.2 million tons to 49.5 million, with lower crops for Argentina and the EU. Global oilseed trade for 2020/21 is projected at 191.8 million tons, up 1.0 million from last month. Increased soybean exports for Canada and Uruguay and increased rapeseed exports for Canada and Australia account for most of the gains. Global oilseed ending stocks are projected at 97.8 million tons, down 0.8 million from last month. SUGAR : U.S. sugar supply for 2020/21 is increased 357,525 short tons, raw value (STRV) to 14.006 million on projected increases in imports more than compensating for production decreases and a slight reduction in beginning stocks. Imports are projected to increase 403,706 STRV to 3.428 million. The largest increase is for imports from Mexico. These are increased by 271,750 STRV to 1.160 million. Raw sugar 2019/20 TRQ entering in October 2020 has been revised upward by 96,956 STRV for a total of 248,854 STRV. After the publication of USDA’s Sweetener Market Data this month, FAS resolved certain anomalies in Custom s reporting for TRQ entries. Additional sugar not recorded for October sourced from Australia, Brazil, and several other countries w as determined to have entered. As a consequence of this adjustment, raw sugar TRQ imports for 2020/21 are projected at 1.381 million STRV, and the 20 19/20 raw sugar TRQ shortfall is estimated at 84,180 STRV. High - tier tariff imports for 2020/21 are increased by 35,000 STRV to 110,000 on the pace to date. Beet sugar production is reduced by 40,396 STRV to 4.859 million on processors’ forecast s of national sugarbeet production lower than that forecast last month by NASS. Although NASS increased Louisiana sugarcane yield 7.4 percent to 32.0 tons/acre, cane sugar production is unchanged due to the slower -than-expected pace during the hurricane- affected early weeks of the campaign and the planned extension of harvest end dates to accommodate the large crop. There are no changes to 2020/21 use. Ending stocks for 2020/21 are projected residually at 1.666 million STRV implying an ending stocks -to-use ratio of 13.50 percent. Sugar supply in Mexico for 2020/21 is up on increased imports of sugar for consumption in the amount of 19,000 metric tons (MT). This increase is based on FAS Post analysis. Total imports are projected at 105,000 MT, of which 40,000 are for consumption and 65,000 for IMMEX. There are no other supply changes. Exports are residually increased by the same 19,000 MT. Exports to the United States are increased to 992,683 MT on calculated U.S. Needs as set out in the AD/CVD Suspension Agreements. Exports to third- country destinations are residually decreased to 496,824 MT. WASDE-607-4 LIVESTOCK, POULTRY, AND DAIRY : Total red meat and poultry production for 2020 is little changed from last month as higher beef and pork production nearly offsets lower poultry production. The beef production forecast is raised as higher non- fed cattle slaughter more than offsets lighter expected cattle carcass weights. Pork production is increased on the current pace of slaughter and heavier carcass weights. Broiler production is reduced on recent hatchery and slaughter data while the turkey production forecast is lowered on recent slaughter data. The egg production forecast is raised. For 2021, total red meat and poultry production is reduced from last month as lower forecast beef and poultry production more that offsets slightly higher pork production. Beef production is reduced on lower expected fed and non- fed cattle slaughter in the first half of 2021. Pork production is raised on heavier carcass weights. Broiler and turkey production forecasts are reduced on recent hatchery data. Based on recent trade data, the beef import forecast for 2020 is reduced from last month, but the pork import forecast is raised. Beef and pork export forecasts are unchanged for 2020 and 2021. Broiler and turkey exports for 2020 and 2021 are raised on recent trade data and anticipated strong global import demand from key trading partners. The cattle price forecast for 2020 is reduced on current price weakness but is raised for 2021. The fourth- quarter hog price is raised on recent prices; no change is made to 2021 hog prices. The 2020 and 2021 broiler price forecasts are raised from last month on current prices and lower supply expectations. The 2020 turkey price is reduced, but no change is made to the 2021 forecast. The egg price forecasts for 2020 and 2021 are lowered on recent prices and expectations of weaker demand. Milk production is projected higher for 2020, on higher cow numbers. The 2020 fat basis import forecast is reduced on lower imports of butterfat products while the fat basis export forecast is lowered on weaker foreign demand for cheese. The 2020 skim -solids basis import forecast is unchanged, but the export forecast is raised on strong global demand for whey and whey products. For 2021, milk production is raised on higher cow numbers. The fat basis import forecast is reduced on lower expected imports of a number of dairy products, but the export forecast is raised. The skim -solids basis import forecast is unchanged, but the export forecast is raised on larger shipments of nonfat dry milk powder and dry whey products. Based on recent price movements, cheese and butter price forecasts for 2020 are lowered, but the whey price is raised. The nonfat dry milk (NDM) price is unchanged. For 2021, cheese and butter price forecasts are reduced on weaker expected demand and larger supplies, but NDM and whey prices are raised. The 2020 Class III price forecast is lowered as the weaker cheese price more than offsets higher whey price projections; the Class IV price is a lso lowered from last month on the lower butter price. For 2021, forecasts of both Class III and Class IV are reduced from last month on weaker prices for cheese and butter respectively. The 2020 all milk price is unchanged at $18.25 per cwt; the 2021 all milk price is lowered to $16.60 per cwt. COTTON : This month’s outlook for U.S. cotton includes lower production, higher exports, and lower ending stocks. Production is lowered 1.1 million bales, mainly due to a 900,000 - bale reduction in Texas. Domestic mill use is unchanged, but exports are raised 400,000 WASDE-607-5 bales to 15.0 million as world consumption and U.S. export sales rise. Ending stocks are 1.5 million bales lower, at 5.7 million or 33 percent of use. This stocks -to-use ratio would be 8 percentage points lower than in 2019/20, and the second highest since 2007/08. Upland cotton’s projected 2020/21 season- average price is 65.0 cents per pound, 1 cent higher than last month and 5.4 cents above 2019/20. Projected world 2020/21 ending stocks are 3.9 million bales lower this month, reflecting lower production and higher consumption. A 2.2 -million -bale decline in global production is led by lower U.S. output and includes 500,000- bale reductions in both Indi a and Pakistan, in addition to other smaller adjustments. Consumption is projected 1.6 million bales higher, and at 115.6 million bales , is expected 13 percent above 2019/20’s depressed level. Compared to last month, 2020/21 consumption forecasts are 1.0 million bales higher for India and 500,000 bales higher for China, with smaller changes for Pakistan and Thailand. World trade in 2020/21 is projected more than 300,000 bales higher this month, with increased imports for China and Pakistan more than offs etting lower forecasts for Bangladesh, Thailand, and Indonesia. World ending stocks are now forecast at 97.5 million bales, 1.9 million lower than in 2019/20. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Mark Jekanowski, (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY : BILL NORTHEY SECRETARY OF AGRICULTURE DESIGNATE WASDE-607-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone , (Acting) ICEC Chair, WAOB, mark .simone @usda.gov Jennifer Bond, ERS; Graham Soley , FAS; Pete Riley, FPAC. Rice: Mark Simone, (Acting) ICEC Chair, WAOB, m [email protected] Nathan Childs, ERS; Rachel Trego , FAS; Vidalina Abadam, FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Michael McConnell , ERS; Yoonhee Macke, FAS; Sharon Raszap, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Mark Ash, ERS; Bill George, FAS; Gustavo Ferreira , FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; James Johnson, FAS; Kent Lanclos , FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Andrew Sowell, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Jacob Vuillemin, FAS; Georgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Kim Ha, ERS; Claire Mezoughem, FAS; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS ; Georgi Gabrielyan, FPAC. In 2021, the WASDE report will be released on Jan 12, Feb 9, Mar 9, Apr 9, May 12, Jun 10, Jul 12, Aug 12, Sep 10, Oct 12, Nov 9, and Dec 9. WASDE-607-7 T A B L E OF C O N T E N T S Page Highlights ................................................................................................................. 1 Interagency Commodity Estimates Committees ...................................................... 6 World & U.S. Supply & Use for Grains .................................................................... 8 World & U.S. Supply & Use for Cotton .................................................................... 9 World & U.S. Supply & Use for Oilseeds ............................................................... 10 U.S. Wheat Supply & Use ...................................................................................... 11 U.S. Wheat Supply & Use by Class ....................................................................... 11 U.S. Feed Grain & Corn Suppl y & Use .................................................................. 12 U.S. Sorghum, Barley & Oats Supply & Use ......................................................... 13 U.S. Rice Supply & Use ......................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................. 15 U.S. Sugar Supply & Use ...................................................................................... 16 Mexico Sugar Supply and Use .............................................................................. 16 U.S. Cotton Supply & Use ..................................................................................... 17 World Wheat Supply & Use ................................................................................... 18 World Coarse Grains Supply & Use ...................................................................... 20 World Corn Supply & Use ...................................................................................... 22 World Rice Supply & Use ...................................................................................... 24 World Cotton Supply & Use ................................................................................... 26 World Soybean Supply & Use ............................................................................... 28 World Soybean Meal Supply & Use ....................................................................... 29 World Soybean Oil Supply & Use .......................................................................... 30 U.S. Quarterly Animal Product Production ............................................................ 31 U.S. Quarterly Prices for Animal Products ............................................................. 31 U.S. Meats Supply and Use ................................................................................... 32 U.S. Egg Supply & Use .......................................................................................... 33 U.S. Milk Supply and Use ...................................................................................... 33 U.S. Dairy Prices ................................................................................................... 34 Reliability Tables ................................................................................................... 35 Related USDA Reports .......................................................................................... 38 Metric Conversion Factors ..................................................................................... 38 Electronic Access and Subscriptions ...................................................................... 40 December 2020 WASDE - 607 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2018/19 2625.53 3447.91 430.38 2640.07 807.84 2019/20 (Est.) 2672.06 3479.89 442.30 2669.50 810.39 filler filler filler filler filler 2020/21 (Proj.) Nov 2721.23 3531.60 458.86 2709.94 821.66 2020/21 (Proj.) Dec 2722.68 3533.07 465.83 2718.78 814.29 filler filler filler filler filler Wheat 2018/19 730.90 1018.86 173.67 734.75 284.11 2019/20 (Est.) 764.50 1048.61 191.46 747.98 300.62 filler filler filler filler filler 2020/21 (Proj.) Nov 772.38 1073.13 190.79 752.68 320.45 2020/21 (Proj.) Dec 773.66 1074.29 193.65 757.78 316.50 filler filler filler filler filler Coarse Grains 5/ 2018/19 1397.60 1767.78 212.81 1420.95 346.83 2019/20 (Est.) 1411.46 1758.29 208.06 1426.74 331.55 filler filler filler filler filler 2020/21 (Proj.) Nov 1447.75 1779.45 223.77 1458.02 321.43 2020/21 (Proj.) Dec 1447.82 1779.37 226.90 1460.56 318.80 filler filler filler filler filler Rice, milled 2018/19 497.04 661.26 43.89 484.37 176.89 2019/20 (Est.) 496.11 673.00 42.79 494.78 178.22 filler filler filler filler filler 2020/21 (Proj.) Nov 501.11 679.02 44.30 499.24 179.78 2020/21 (Proj.) Dec 501.20 679.42 45.29 500.44 178.98 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2018/19 436.32 532.30 83.45 357.57 91.28 2019/20 (Est.) 417.88 516.31 79.77 353.91 82.63 filler filler filler filler filler 2020/21 (Proj.) Nov 439.62 529.52 103.70 354.07 71.76 2020/21 (Proj.) Dec 439.62 529.36 104.33 353.64 71.39 filler filler filler filler filler Wheat 2018/19 51.31 84.88 25.50 29.99 29.39 2019/20 (Est.) 52.58 84.83 26.28 30.57 27.98 filler filler filler filler filler 2020/21 (Proj.) Nov 49.69 81.07 26.54 30.67 23.86 2020/21 (Proj.) Dec 49.69 80.93 26.81 30.67 23.45 filler filler filler filler filler Coarse Grains 5/ 2018/19 377.91 438.46 54.97 323.02 60.47 2019/20 (Est.) 359.43 423.01 50.51 318.77 53.74 filler filler filler filler filler 2020/21 (Proj.) Nov 382.75 439.18 74.08 318.77 46.32 2020/21 (Proj.) Dec 382.75 439.18 74.51 318.35 46.32 filler filler filler filler filler Rice, milled 2018/19 7.11 8.96 2.97 4.57 1.42 2019/20 (Est.) 5.86 8.47 2.99 4.57 0.91 filler filler filler filler filler 2020/21 (Proj.) Nov 7.18 9.27 3.08 4.62 1.57 2020/21 (Proj.) Dec 7.18 9.25 3.02 4.62 1.61 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). December 2020 WASDE - 607 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2018/19 2,189.21 2,915.61 346.93 2,282.50 716.56 2019/20 (Est.) 2,254.18 2,963.58 362.53 2,315.59 727.77 filler filler filler filler filler 2020/21 (Proj.) Nov 2,281.61 3,002.08 355.17 2,355.87 749.90 2020/21 (Proj.) Dec 2,283.06 3,003.71 361.50 2,365.14 742.90 filler filler filler filler filler Wheat 2018/19 679.59 933.98 148.17 704.76 254.73 2019/20 (Est.) 711.91 963.78 165.18 717.41 272.65 filler filler filler filler filler 2020/21 (Proj.) Nov 722.68 992.06 164.26 722.01 296.59 2020/21 (Proj.) Dec 723.97 993.35 166.84 727.11 293.05 filler filler filler filler filler Coarse Grains 5/ 2018/19 1,019.69 1,329.32 157.84 1,097.93 286.36 2019/20 (Est.) 1,052.02 1,335.28 157.55 1,107.97 277.81 filler filler filler filler filler 2020/21 (Proj.) Nov 1,065.00 1,340.27 149.69 1,139.24 275.11 2020/21 (Proj.) Dec 1,065.07 1,340.19 152.39 1,142.21 272.48 filler filler filler filler filler Rice, milled 2018/19 489.93 652.30 40.92 479.80 175.47 2019/20 (Est.) 490.24 664.52 39.80 490.20 177.31 filler filler filler filler filler 2020/21 (Proj.) Nov 493.93 669.75 41.22 494.62 178.20 2020/21 (Proj.) Dec 494.02 670.17 42.27 495.82 177.37 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2018/19 118.58 199.69 41.64 120.16 80.27 2019/20 (Est.) 122.14 202.41 40.98 102.23 99.42 filler filler filler filler filler 2020/21 (Proj.) Nov 116.11 215.70 42.87 114.05 101.44 2020/21 (Proj.) Dec 113.90 213.32 43.21 115.63 97.52 filler filler filler filler filler United States 2018/19 18.37 22.57 14.84 2.98 4.85 2019/20 (Est.) 19.91 24.77 15.53 2.15 7.25 filler filler filler filler filler 2020/21 (Proj.) Nov 17.09 24.35 14.60 2.50 7.20 2020/21 (Proj.) Dec 15.95 23.20 15.00 2.50 5.70 filler filler filler filler filler Foreign 4/ 2018/19 100.21 177.12 26.81 117.19 75.42 2019/20 (Est.) 102.22 177.64 25.45 100.08 92.17 filler filler filler filler filler 2020/21 (Proj.) Nov 99.02 191.36 28.27 111.55 94.24 2020/21 (Proj.) Dec 97.95 190.12 28.21 113.13 91.82 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal t o world minus United States. See global cotton tables for treatment of export/import imbalances. December 2020 WASDE - 607 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2018/19 600.01 716.93 170.90 489.04 132.24 2019/20 (Est.) 576.44 708.67 190.04 506.23 110.68 filler filler filler filler filler 2020/21 (Proj.) Nov 597.28 707.38 190.84 511.15 98.57 2020/21 (Proj.) Dec 595.68 706.36 191.80 511.73 97.76 filler filler filler filler filler Oilmeals 2018/19 332.97 350.69 94.18 328.97 16.24 2019/20 (Est.) 344.65 360.89 94.01 342.02 13.90 filler filler filler filler filler 2020/21 (Proj.) Nov 351.51 364.92 92.29 349.63 11.50 2020/21 (Proj.) Dec 351.99 365.88 92.12 350.37 11.62 filler filler filler filler filler Vegetable Oils 2018/19 203.56 226.83 85.99 199.64 22.66 2019/20 (Est.) 207.20 229.86 86.66 202.81 22.77 filler filler filler filler filler 2020/21 (Proj.) Nov 208.71 230.56 85.72 207.69 18.96 2020/21 (Proj.) Dec 209.14 231.91 86.04 207.94 20.10 filler filler filler filler filler United States Output Tota l Supply Tra de Tota l Use 2/ Ending Stocks Oilseeds 2018/19 130.72 145.66 48.82 61.03 26.54 2019/20 (Est.) 106.98 134.74 46.89 63.10 15.94 filler filler filler filler filler 2020/21 (Proj.) Nov 123.98 141.07 61.15 63.57 6.87 2020/21 (Proj.) Dec 123.67 140.76 61.08 63.99 6.46 filler filler filler filler filler Oilmeals 2018/19 46.52 51.02 12.50 38.10 0.42 2019/20 (Est.) 48.80 53.34 13.06 39.89 0.39 filler filler filler filler filler 2020/21 (Proj.) Nov 49.06 53.30 12.55 40.34 0.41 2020/21 (Proj.) Dec 49.37 53.78 12.98 40.39 0.41 filler filler filler filler filler Vegetable Oils 2018/19 12.20 18.14 1.09 15.88 1.16 2019/20 (Est.) 12.66 18.75 1.51 16.04 1.21 filler filler filler filler filler 2020/21 (Proj.) Nov 12.81 18.99 1.41 16.37 1.21 2020/21 (Proj.) Dec 12.92 19.10 1.48 16.37 1.25 filler filler filler filler filler Foreign 3/ Output Tota l Supply Tra de Tota l Use 2/ Ending Stocks Oilseeds 2018/19 469.30 571.27 122.08 428.00 105.70 2019/20 (Est.) 469.46 573.94 143.15 443.13 94.75 filler filler filler filler filler 2020/21 (Proj.) Nov 473.30 566.31 129.69 447.58 91.70 2020/21 (Proj.) Dec 472.01 565.60 130.72 447.74 91.30 filler filler filler filler filler Oilmeals 2018/19 286.44 299.67 81.68 290.86 15.82 2019/20 (Est.) 295.85 307.56 80.95 302.13 13.51 filler filler filler filler filler 2020/21 (Proj.) Nov 302.45 311.62 79.75 309.29 11.09 2020/21 (Proj.) Dec 302.62 312.10 79.14 309.97 11.21 filler filler filler filler filler Vegetable Oils 2018/19 191.36 208.69 84.90 183.76 21.50 2019/20 (Est.) 194.54 211.12 85.15 186.78 21.56 filler filler filler filler filler 2020/21 (Proj.) Nov 195.90 211.58 84.32 191.33 17.75 2020/21 (Proj.) Dec 196.22 212.81 84.56 191.57 18.85 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. December 2020 WASDE - 607 - 11 U.S. Wheat Supply and Use 1/ 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Nov Dec Million Acres Area Planted 47.8 45.5 44.3 44.3 Area Harvested 39.6 37.4 36.7 36.7 Bushels Yield per Harvested Acre 47.6 51.7 49.7 49.7 Million Bushels Beginning Stocks 1,099 1,080 1,028 1,028 Production 1,885 1,932 1,826 1,826 Imports 135 105 125 120 Supply, Total 3,119 3,117 2,979 2,974 Food 954 962 965 965 Seed 59 60 62 62 Feed and Residual 88 101 100 100 Domestic, Total 1,102 1,123 1,127 1,127 Exports 937 965 975 985 Use, Total 2,039 2,089 2,102 2,112 Ending Stocks 1,080 1,028 877 862 Avg. Farm Price ($/bu) 2/ 5.16 4.58 4.70 4.70 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2019/20 (Est.) Beginning Stocks 516 263 158 88 55 1,080 Production 845 520 240 273 54 1,932 Supply, Total 3/ 1,363 836 402 367 150 3,117 Domestic Use 480 288 204 85 66 1,123 Exports 376 268 92 187 42 965 Use, Total 857 556 297 272 108 2,089 Ending Stocks, Total 506 280 105 95 42 1,028 2020/21 (Proj.) Beginning Stocks 506 280 105 95 42 1,028 Production 659 530 266 302 69 1,826 Supply, Total 3/ 1,167 870 379 405 153 2,974 Domestic Use 424 317 200 95 92 1,127 Exports 395 270 75 215 30 985 Use, Total 819 587 275 310 122 2,112 Ending Stocks, Total Dec 348 284 105 95 31 862 Ending Stocks, Total Nov 338 284 107 115 34 877 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. December 2020 WASDE - 607 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Nov Dec Million Acres Area Planted 99.9 100.6 102.4 102.4 Area Harvested 89.2 89.1 90.7 90.7 Metric Tons Yield per Harvested Acre 4.24 4.03 4.22 4.22 Million Metric Tons Beginning Stocks 57.9 60.5 53.7 53.7 Production 377.7 359.2 382.5 382.5 Imports 2.3 2.8 2.4 2.4 Supply, Total 437.9 422.4 438.6 438.6 Feed and Residual 142.9 152.5 148.5 148.5 Food, Seed & Industrial 179.6 165.7 169.7 169.3 Domestic, Total 322.5 318.2 318.2 317.8 Exports 55.0 50.5 74.1 74.5 Use, Total 377.5 368.7 392.3 392.3 Ending Stocks 60.5 53.7 46.3 46.3 CORN 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. November December Million Acres Area Planted 88.9 89.7 91.0 91.0 Area Harvested 81.3 81.3 82.5 82.5 Bushels Yield per Harvested Acre 176.4 167.5 175.8 175.8 Million Bushels Beginning Stocks 2,140 2,221 1,995 1,995 Production 14,340 13,620 14,507 14,507 Imports 28 42 25 25 Supply, Total 16,509 15,883 16,527 16,527 Feed and Residual 5,429 5,827 5,700 5,700 Food, Seed & Industrial 2/ 6,793 6,282 6,475 6,475 Ethanol & by -products 3/ 5,378 4,852 5,050 5,050 Domestic, Total 12,222 12,109 12,175 12,175 Exports 2,066 1,778 2,650 2,650 Use, Total 14,288 13,887 14,825 14,825 Ending Stocks 2,221 1,995 1,702 1,702 Avg. Farm Price ($/bu) 4/ 3.61 3.56 4.00 4.00 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data -products/feed-grains- database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. December 2020 WASDE - 607 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Nov Dec Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 5.7 5.3 5.8 5.8 Area Harvested (mil. acres) 5.1 4.7 5.0 5.0 Yield (bushels/acre) 72.1 73.0 74.2 74.2 Beginning Stocks 35 64 29 29 Production 365 341 371 371 Imports 0 0 0 0 Supply, Total 400 405 400 400 Feed and Residual 138 97 70 70 Food, Seed & Industrial 106 75 40 25 Total Domestic 244 172 110 95 Exports 93 204 260 275 Use, Total 336 376 370 370 Ending Stocks 64 29 30 30 Avg. Farm Price ($/bu) 2/ 3.26 3.34 4.05 4.40 Filler Filler Filler Filler Filler BARLEY 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. November December Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.5 2.8 2.6 2.6 Area Harvested (mil. acres) 2.0 2.2 2.1 2.1 Yield (bushels/acre) 77.5 77.7 77.5 77.5 Beginning Stocks 94 87 80 80 Production 154 172 165 165 Imports 6 7 7 7 Supply, Total 254 266 253 253 Feed and Residual 14 39 25 25 Food, Seed & Industrial 148 142 143 141 Total Domestic 162 180 168 166 Exports 5 6 6 8 Use, Total 167 186 174 174 Ending Stocks 87 80 79 79 Avg. Farm Price ($/bu) 2/ 4.62 4.69 4.55 4.55 Filler Filler Filler Filler Filler OATS 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. November December Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.7 2.8 3.0 3.0 Area Harvested (mil. acres) 0.9 0.8 1.0 1.0 Yield (bushels/acre) 64.9 64.3 65.1 65.1 Beginning Stocks 41 38 37 37 Production 56 53 65 65 Imports 86 92 94 94 Supply, Total 184 183 196 196 Feed and Residual 66 63 75 75 Food, Seed & Industrial 78 81 79 79 Total Domestic 144 144 154 154 Exports 2 2 2 2 Use, Total 146 146 156 156 Ending Stocks 38 37 40 40 Avg. Farm Price ($/bu) 2/ 2.66 2.82 2.70 2.70 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. December 2020 WASDE - 607 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Nov Dec Million Acres Area Planted 2.95 2.54 3.04 3.04 Area Harvested 2.91 2.47 2.99 2.99 Filler Pounds Yield per Harvested Acre 7,692 7,471 7,560 7,560 Million Hundredweight Beginning Stocks 2/ 29.4 44.9 28.7 28.7 Production 223.8 184.7 226.1 226.1 Imports 29.0 37.3 37.3 36.5 Supply, Total 282.2 266.8 292.0 291.3 Domestic & Residual 3/ 143.8 144.0 145.5 145.5 Exports, Total 4/ 93.6 94.2 97.0 95.0 Rough 33.3 31.2 35.0 34.0 Milled (rough equiv.) 60.3 62.9 62.0 61.0 Use, Total 237.3 238.2 242.5 240.5 Ending Stocks 44.9 28.7 49.5 50.8 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 12.60 13.50 12.90 13.10 Tota l LONG -GRAIN RICE 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. November December Harvested Acres (mil.) 2.18 1.73 Yield (pounds/acre) 7,517 7,261 Beginning Stocks 20.3 32.6 16.9 16.9 Production 163.6 125.6 169.8 169.8 Supply, Total 7/ 207.3 188.0 216.2 216.2 Domestic & Residual 3/ 108.5 106.4 111.0 111.0 Exports 8/ 66.2 64.6 69.0 67.0 Use, Total 174.7 171.1 180.0 178.0 Ending Stocks 32.6 16.9 36.2 38.2 Avg. Farm Price ($/cwt) 6/ 10.80 12.00 11.70 11.80 Filler Filler Filler Filler Filler MEDIUM & SHORT -GRAIN RICE 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. November December Harvested Acres (mil.) 0.73 0.74 Yield (pounds/acre) 8,209 7,960 Beginning Stocks 7.6 10.2 10.7 10.7 Production 60.3 59.1 56.3 56.3 Supply, Total 7/ 72.8 77.8 74.8 74.0 Domestic & Residual 3/ 35.3 37.6 34.5 34.5 Exports 8/ 27.3 29.6 28.0 28.0 Use, Total 62.6 67.1 62.5 62.5 Ending Stocks 10.2 10.7 12.3 11.5 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 18.50 17.80 16.60 16.80 California 10/ 21.10 20.60 18.80 19.00 Other States 1/ 12.30 11.60 11.80 12.00 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2015/16- 2.9; 2016/17 -3.5; 2017/18- 1.4. 3/ Residual includes unreported use, processing loss es, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing- year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short -grain season -average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecast s based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the preliminary California SAFP forecast and the final price has averaged $1.00 per cwt from 2014/15- 2018/19, with a high of $3.50 per cwt in 2017/18 and a low of -$0.20 per cwt in 2015/16. 10/ Marketing year beginning October 1. December 2020 WASDE - 607 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Nov Dec Filler Filler Filler Filler Filler Million Acres Area Planted 89.2 76.1 83.1 83.1 Area Harvested 87.6 74.9 82.3 82.3 Filler Bushels Yield per Harvested Acre 50.6 47.4 50.7 50.7 Million Bushels Beginning Stocks 438 909 523 523 Production 4,428 3,552 4,170 4,170 Imports 14 15 15 15 Supply, Total 4,880 4,476 4,709 4,709 Crushings 2,092 2,165 2,180 2,195 Exports 1,752 1,676 2,200 2,200 Seed 88 96 103 103 Residual 39 16 35 35 Use, Total 3,971 3,953 4,519 4,534 Ending Stocks 909 523 190 175 Avg. Farm Price ($/bu) 2/ 8.48 8.57 10.40 10.55 Tota l SOYBEAN OIL 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. November December Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,995 1,775 1,849 1,849 Production 4/ 24,197 24,912 25,265 25,440 Imports 397 319 350 350 Supply, Total 26,590 27,006 27,464 27,639 Domestic Disappearance 22,874 22,319 23,000 23,000 Biodiesel 3/ 7,863 7,858 8,100 8,100 Food, Feed & other Industrial 15,011 14,461 14,900 14,900 Exports 1,940 2,839 2,600 2,750 Use, Total 24,815 25,158 25,600 25,750 Ending stocks 1,775 1,849 1,864 1,889 Avg. Price (c/lb) 2/ 28.26 29.65 34.50 36.00 Tota l SOYBEAN MEAL 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. November December Filler 1 2 3 4 Thousand Short Tons Beginning Stocks 555 402 341 341 Production 4/ 48,814 51,100 51,409 51,709 Imports 683 639 400 600 Supply, Total 50,052 52,142 52,150 52,650 Domestic Disappearance 36,212 37,723 38,300 38,300 Exports 13,438 14,077 13,500 14,000 Use, Total 49,650 51,800 51,800 52,300 Ending Stocks 402 341 350 350 Avg. Price ($/s.t.) 2/ 308.28 299.50 355.00 370.00 Tota l Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only bio diesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,173 million bushels for 2019/20 and 2,195 million bushels for 2020/21. December 2020 WASDE - 607 - 16 U.S. Sugar Supply and Use 1/ 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Nov Dec Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 2,008 1,783 1,623 1,618 Production 2/ 8,999 8,149 9,001 8,960 Beet Sugar 4,939 4,351 4,899 4,859 Cane Sugar 4,060 3,798 4,101 4,101 Florida 2,005 2,106 2,135 2,135 Hawaii 0 0 0 0 Louisiana 1,907 1,566 1,824 1,824 Texas 147 126 142 142 Imports 3,070 4,154 3,025 3,428 TRQ 3/ 1,541 2,071 1,711 1,808 Other Program 4/ 438 432 350 350 Other 5/ 1,092 1,651 963 1,270 Mexico 1,000 1,376 888 1,160 Total Supply 14,077 14,085 13,649 14,006 Exports 35 61 35 35 Deliveries 12,231 12,333 12,305 12,305 Food 12,106 12,235 12,200 12,200 Other 6/ 126 98 105 105 Miscellaneous 28 74 0 0 Total Use 12,294 12,468 12,340 12,340 Ending Stocks 1,783 1,618 1,309 1,666 Stocks to Use Ratio 14.5 13.0 10.6 13.5 Tota l 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2019/20 and 2020/21 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2019/20, WTO raw sugar TRQ shortfall (84) and for 2020/21 (99). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Imports from Mexico; and high- tier tariff sugar and syrups not otherwise specified -- for 2019/20 (275) and 2020/21 (110). 6/ Transfers accompanying deliveries for sugar- containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE - reported deliveries: 2018/19 -- 374; estimated 2019/20 -- 340; projected 2020/21 -- 353. Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2019/20 Est. Nov 1,169 5,278 77 4,455 1,212 858 2019/20 Est. Dec 1,169 5,278 77 4,455 1,212 858 2020/21 Proj. Nov 858 5,950 86 4,488 1,471 935 2020/21 Proj. Dec 858 5,950 105 4,488 1,490 935 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2018/19 = 1,528; Estimated 2019/20 = 1,388; Projected 2020/21 = 1,377; Estimated Oct -Oct 2020/21 = 118; Estimated Oct -Oct 2019/20 = 120. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IM MEX: 2019/20 (352 est =330 dom.+23 import); 2020/21 (415 proj =350 dom.+65 import). Statistical Adjustments: 2019/20 (1), 2020/21 (0). December 2020 WASDE - 607 - 17 U.S. Cotton Supply and Use 1/ 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Nov Dec Filler Filler Filler Filler Filler Area Million Acres Planted 14.10 13.74 12.12 12.12 Harvested 9.99 11.61 9.01 9.01 Filler Pounds Yield per Harvested Acre 882 823 911 850 Million 480 Pound Bales Beginning Stocks 4.20 4.85 7.25 7.25 Production 18.37 19.91 17.09 15.95 Imports 0.00 0.00 0.00 0.00 Supply, Total 22.57 24.77 24.35 23.20 Domestic Use 2.98 2.15 2.50 2.50 Exports, Total 14.84 15.53 14.60 15.00 Use, Total 17.81 17.68 17.10 17.50 Unaccounted 2/ -0.09 -0.16 0.05 0.00 Ending Stocks 4.85 7.25 7.20 5.70 Avg. Farm Price 3/ 70.3 59.6 64.0 65.0 Tota l Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. December 2020 WASDE - 607 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 287.97 730.90 171.12 139.20 734.75 173.67 284.11 World Less China 156.77 599.47 167.98 119.20 609.75 172.67 144.35 United States 29.91 51.31 3.66 2.39 29.99 25.50 29.39 Total Foreign 258.06 679.59 167.46 136.81 704.76 148.17 254.73 Major Exporters 4/ 43.93 302.77 7.31 81.91 194.75 120.77 38.50 Argentina 0.47 19.50 0.01 0.05 6.05 12.19 1.74 Australia 5.55 17.60 0.50 5.70 9.20 9.01 5.44 Canada 6.73 32.35 0.48 4.16 9.15 24.38 6.04 European Union 5/ 17.94 136.58 5.76 51.50 121.05 23.31 15.92 Russia 12.01 71.69 0.45 18.00 40.50 35.86 7.78 Ukraine 1.24 25.06 0.11 2.50 8.80 16.02 1.59 Major Importers 6/ 177.34 199.78 111.72 37.99 294.01 12.44 182.39 Bangladesh 2.23 1.10 5.10 0.28 7.18 0.00 1.26 Brazil 1.31 5.43 7.02 0.50 12.10 0.60 1.06 China 131.20 131.43 3.15 20.00 125.00 1.01 139.77 Japan 1.23 0.86 5.73 0.70 6.45 0.29 1.08 N. Africa 7/ 14.87 21.00 26.96 2.25 46.10 1.19 15.53 Nigeria 0.20 0.06 4.66 0.05 4.32 0.40 0.20 Sel. Mideast 8/ 15.27 17.88 17.23 3.45 37.70 0.63 12.05 Southeast Asia 9/ 5.51 0.00 26.72 7.94 25.29 1.07 5.87 Selected Other India 13.23 99.87 0.02 5.00 95.63 0.50 16.99 Kazakhstan 2.54 13.95 0.09 1.80 6.60 8.30 1.68 2019/20 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 284.11 764.50 185.26 139.16 747.98 191.46 300.62 World Less China 144.35 630.91 179.89 120.16 621.98 190.41 148.94 United States 29.39 52.58 2.86 2.76 30.57 26.28 27.98 Total Foreign 254.73 711.91 182.40 136.40 717.41 165.18 272.65 Major Exporters 4/ 38.50 324.92 6.80 81.21 195.26 141.19 33.78 Argentina 1.74 19.76 0.01 0.05 6.30 13.50 1.70 Australia 5.44 15.20 0.89 5.00 8.50 9.14 3.90 Canada 6.04 32.67 0.68 4.16 9.26 24.63 5.50 European Union 5/ 15.92 154.51 4.80 52.50 122.50 38.43 14.30 Russia 7.78 73.61 0.33 17.00 40.00 34.49 7.23 Ukraine 1.59 29.17 0.10 2.50 8.70 21.01 1.15 Major Importers 6/ 182.39 202.53 122.16 36.79 297.49 12.74 196.85 Bangladesh 1.26 1.20 6.80 0.30 7.40 0.00 1.86 Brazil 1.06 5.20 7.20 0.50 12.10 0.42 0.94 China 139.77 133.59 5.38 19.00 126.00 1.05 151.68 Japan 1.08 1.10 5.68 0.65 6.37 0.29 1.20 N. Africa 7/ 15.53 18.40 27.74 1.85 46.25 1.06 14.36 Nigeria 0.20 0.06 5.34 0.05 4.90 0.40 0.30 Sel. Mideast 8/ 12.05 22.19 17.71 3.60 38.47 0.78 12.70 Southeast Asia 9/ 5.87 0.00 26.45 7.64 25.15 1.08 6.09 Selected Other India 16.99 103.60 0.02 6.00 96.11 0.51 23.99 Kazakhstan 1.68 11.45 0.58 1.30 6.10 6.99 0.63 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukr aine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2020 WASDE - 607 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Nov 300.76 772.38 187.62 137.13 752.68 190.79 320.45 Dec 300.62 773.66 189.19 141.03 757.78 193.65 316.50 World Less China Nov 149.07 636.38 179.62 116.13 621.68 189.79 156.77 Dec 148.94 637.66 180.69 117.03 623.78 192.65 155.32 United States Nov 27.98 49.69 3.40 2.72 30.67 26.54 23.86 Dec 27.98 49.69 3.27 2.72 30.67 26.81 23.45 Total Foreign Nov 272.78 722.68 184.22 134.41 722.01 164.26 296.59 Dec 272.65 723.97 185.93 138.31 727.11 166.84 293.05 Major Exporters 4/ Nov 33.82 327.05 6.93 77.05 190.35 139.50 37.95 Dec 33.78 328.48 7.53 77.95 191.25 142.00 36.54 Argentina Nov 1.70 18.00 0.01 0.05 6.05 12.50 1.16 Dec 1.70 18.00 0.01 0.05 6.05 12.50 1.16 Australia Nov 3.49 28.50 0.20 4.00 7.50 19.00 5.69 Dec 3.90 30.00 0.50 4.50 8.00 20.00 6.40 Canada Nov 5.50 35.00 0.45 4.50 9.70 25.00 6.25 Dec 5.50 35.18 0.45 4.40 9.60 26.00 5.53 European Union 5/ Nov 14.75 136.55 5.70 48.50 118.00 26.00 13.00 Dec 14.30 135.80 6.00 49.00 118.50 26.00 11.60 Russia Nov 7.23 83.50 0.50 18.00 41.00 39.50 10.73 Dec 7.23 84.00 0.50 18.00 41.00 40.00 10.73 Ukraine Nov 1.15 25.50 0.08 2.00 8.10 17.50 1.12 Dec 1.15 25.50 0.08 2.00 8.10 17.50 1.12 Major Importers 6/ Nov 196.75 205.17 122.85 38.31 304.41 12.88 207.48 Dec 196.85 204.87 123.65 41.51 307.61 12.78 204.98 Bangladesh Nov 1.86 1.25 6.60 0.30 7.50 0.00 2.21 Dec 1.86 1.25 6.60 0.30 7.50 0.00 2.21 Brazil Nov 0.94 6.60 6.70 0.50 12.20 0.70 1.34 Dec 0.94 6.30 6.70 0.50 12.20 0.60 1.14 China Nov 151.68 136.00 8.00 21.00 131.00 1.00 163.68 Dec 151.68 136.00 8.50 24.00 134.00 1.00 161.18 Japan Nov 1.20 1.10 5.60 0.60 6.30 0.28 1.32 Dec 1.20 1.10 5.60 0.60 6.30 0.28 1.32 N. Africa 7/ Nov 14.36 16.64 29.70 1.75 46.95 0.99 12.76 Dec 14.36 16.64 29.70 1.75 46.95 0.99 12.76 Nigeria Nov 0.30 0.06 5.10 0.05 4.76 0.40 0.30 Dec 0.30 0.06 5.10 0.05 4.76 0.40 0.30 Sel. Mideast 8/ Nov 12.70 22.20 18.20 3.62 39.41 0.67 13.02 Dec 12.70 22.20 18.20 3.62 39.41 0.67 13.02 Southeast Asia 9/ Nov 5.99 0.00 26.35 7.39 25.24 1.09 6.01 Dec 6.09 0.00 26.35 7.59 25.44 1.09 5.91 Selected Other India Nov 23.99 107.59 0.03 6.50 99.50 1.00 31.11 Dec 23.99 107.59 0.03 6.50 99.50 1.00 31.11 Kazakhstan Nov 0.63 12.50 0.20 1.40 6.20 6.50 0.63 Dec 0.63 12.50 0.20 1.20 5.90 6.70 0.73 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discr epancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2020 WASDE - 607 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 370.19 1,397.60 194.32 852.53 1,420.95 212.81 346.83 World Less China 147.21 1,133.64 183.78 657.08 1,133.94 212.74 136.44 United States 57.92 377.91 2.63 143.09 323.02 54.97 60.47 Total Foreign 312.27 1,019.69 191.69 709.44 1,097.94 157.84 286.36 Major Exporters 4/ 27.12 293.19 5.65 127.91 172.32 134.04 19.60 Argentina 3.37 59.22 0.00 12.28 18.09 40.89 3.61 Australia 2.29 11.51 0.01 5.29 7.30 4.08 2.43 Brazil 9.71 104.33 2.32 59.95 70.98 39.72 5.65 Canada 4.57 26.20 2.62 16.18 24.10 5.98 3.30 Russia 1.37 35.00 0.05 18.80 27.37 7.84 1.22 Ukraine 2.91 44.50 0.06 8.33 11.36 34.07 2.05 Major Importers 5/ 39.30 243.72 144.25 294.80 379.72 11.12 36.44 European Union 6/ 15.66 148.26 26.49 126.00 168.19 8.83 13.39 Japan 1.80 0.18 17.73 13.84 17.95 0.00 1.75 Mexico 6.18 33.40 17.36 31.27 50.51 0.72 5.71 N. Afr & Mideast 7/ 7.80 31.09 39.90 62.17 70.48 0.89 7.41 Saudi Arabia 2.63 0.29 10.17 10.75 11.13 0.00 1.97 Southeast Asia 8/ 2.56 30.19 17.04 37.89 45.72 0.68 3.38 South Korea 1.86 0.23 10.96 8.59 11.20 0.00 1.86 Selected Other China 222.98 263.96 10.54 195.45 287.01 0.07 210.40 2019/20 Est. Beginning Stocks Production Imports Domes tic Feed Domes tic Total 2/ Exports Ending Stocks World 3/ 346.83 1,411.46 200.63 878.32 1,426.74 208.06 331.55 World Less China 136.44 1,143.25 183.14 677.50 1,131.67 208.01 130.56 United States 60.47 359.43 3.11 152.70 318.77 50.51 53.74 Total Foreign 286.36 1,052.02 197.52 725.61 1,107.98 157.55 277.81 Major Exporters 4/ 19.60 306.28 4.20 133.92 178.55 129.05 22.49 Argentina 3.61 58.13 0.01 12.12 17.68 40.11 3.96 Australia 2.43 10.44 0.01 4.93 6.90 3.72 2.26 Brazil 5.65 105.57 1.91 61.51 72.64 35.01 5.48 Canada 3.30 28.61 1.92 17.50 24.85 5.01 3.98 Russia 1.22 40.50 0.18 22.29 31.39 8.63 1.87 Ukraine 2.05 46.55 0.03 8.69 11.87 34.08 2.68 Major Importers 5/ 36.44 257.47 142.30 297.93 384.21 15.76 36.25 European Union 6/ 13.39 161.98 19.29 124.43 167.54 13.38 13.74 Japan 1.75 0.22 17.63 13.83 17.90 0.00 1.70 Mexico 5.71 31.91 17.48 30.85 50.28 1.03 3.80 N. Afr & Mideast 7/ 7.41 33.34 41.66 65.07 73.54 0.74 8.13 Saudi Arabia 1.97 0.27 11.33 11.15 11.51 0.00 2.06 Southeast Asia 8/ 3.38 29.40 18.27 38.55 46.62 0.61 3.82 South Korea 1.86 0.28 11.99 9.55 12.10 0.00 2.03 Selected Other China 210.40 268.20 17.50 200.82 295.07 0.04 200.98 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some coun tries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, an d Ukraine. 5/ The European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ In donesia, Malaysia, Philippines, Thailand, and Vietnam. December 2020 WASDE - 607 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Nov 331.70 1,447.75 216.06 896.81 1,458.02 223.77 321.43 Dec 331.55 1,447.82 219.28 900.52 1,460.56 226.90 318.80 World Less China Nov 130.72 1,180.37 190.01 690.81 1,155.74 223.70 129.37 Dec 130.56 1,180.44 188.43 690.12 1,153.78 226.83 126.44 United States Nov 53.74 382.75 2.69 148.68 318.77 74.08 46.32 Dec 53.74 382.75 2.69 148.68 318.35 74.51 46.32 Total Foreign Nov 277.96 1,065.00 213.37 748.14 1,139.24 149.69 275.11 Dec 277.81 1,065.07 216.60 751.84 1,142.21 152.39 272.48 Major Exporters 4/ Nov 21.86 309.58 4.15 138.20 183.69 125.26 26.65 Dec 22.49 310.40 4.21 138.42 183.90 128.06 25.14 Argentina Nov 2.96 57.03 0.01 13.46 19.12 37.11 3.77 Dec 3.96 56.43 0.01 13.46 19.12 37.51 3.77 Australia Nov 2.38 14.26 0.00 6.08 8.15 5.35 3.14 Dec 2.26 14.76 0.00 6.28 8.35 5.95 2.72 Brazil Nov 5.97 113.41 2.20 63.08 74.22 39.01 8.35 Dec 5.48 113.41 2.20 63.08 74.22 39.01 7.86 Canada Nov 3.98 29.60 1.76 17.47 25.25 5.70 4.39 Dec 3.98 29.51 1.81 17.48 25.26 6.00 4.05 Russia Nov 1.86 40.93 0.07 22.83 32.03 8.68 2.15 Dec 1.87 40.93 0.07 22.83 32.03 8.68 2.16 Ukraine Nov 2.46 37.71 0.02 8.20 11.40 26.61 2.18 Dec 2.68 38.71 0.02 8.20 11.40 28.11 1.91 Major Importers 5/ Nov 36.17 261.03 147.22 307.72 395.66 11.47 37.28 Dec 36.25 260.61 145.42 306.62 393.96 11.37 36.95 European Union 6/ Nov 13.66 162.60 20.26 128.40 172.90 9.34 14.27 Dec 13.74 162.19 19.26 128.00 171.94 9.04 14.19 Japan Nov 1.70 0.25 17.62 13.86 17.93 0.00 1.65 Dec 1.70 0.25 17.62 13.86 17.93 0.00 1.65 Mexico Nov 3.83 33.59 17.75 30.86 50.29 0.90 3.98 Dec 3.80 33.59 17.75 30.86 50.29 0.90 3.95 N. Afr & Mideast 7/ Nov 8.13 33.67 43.26 67.59 76.12 0.67 8.27 Dec 8.13 33.67 42.11 66.64 75.07 0.87 7.97 Saudi Arabia Nov 2.07 0.27 12.01 11.55 11.91 0.00 2.44 Dec 2.06 0.27 12.31 11.75 12.11 0.00 2.53 Southeast Asia 8/ Nov 3.86 30.35 19.73 41.35 49.52 0.56 3.85 Dec 3.82 30.35 19.78 41.35 49.57 0.56 3.81 South Korea Nov 2.03 0.22 12.11 9.65 12.31 0.00 2.04 Dec 2.03 0.22 12.11 9.65 12.31 0.00 2.04 Selected Other China Nov 200.98 267.38 26.05 206.00 302.28 0.07 192.06 Dec 200.98 267.38 30.85 210.40 306.78 0.07 192.36 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ The European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2020 WASDE - 607 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 340.76 1,123.37 164.42 703.43 1,144.29 181.73 319.84 World Less China 118.24 866.19 159.94 512.43 870.29 181.71 109.68 United States 54.37 364.26 0.71 137.91 310.45 52.48 56.41 Total Foreign 286.39 759.11 163.71 565.53 833.84 129.25 263.43 Major Exporters 4/ 16.16 211.04 2.25 86.34 108.04 111.47 9.95 Argentina 2.41 51.00 0.00 9.70 13.80 37.24 2.37 Brazil 9.32 101.00 1.66 57.00 67.00 39.68 5.29 Russia 0.20 11.42 0.04 7.60 8.50 2.77 0.38 South Africa 2.67 11.82 0.51 7.04 12.54 1.45 1.02 Ukraine 1.57 35.81 0.04 5.00 6.20 30.32 0.89 Major Importers 5/ 23.25 129.08 99.36 169.33 224.47 5.03 22.19 Egypt 1.85 6.80 9.37 13.70 16.20 0.00 1.81 European Union 6/ 9.16 64.38 25.25 67.00 87.50 3.63 7.66 Japan 1.39 0.00 16.05 12.30 16.00 0.00 1.45 Mexico 5.65 27.60 16.66 25.90 44.10 0.72 5.09 Southeast Asia 7/ 2.54 30.14 16.66 37.60 45.30 0.68 3.37 South Korea 1.85 0.08 10.86 8.56 10.95 0.00 1.84 Selected Other 0.00 Canada 2.42 13.89 2.56 9.30 15.09 1.80 1.98 China 222.53 257.17 4.48 191.00 274.00 0.02 210.16 2019/20 Est. Beginning Stocks Production Imports Domes tic Feed Domes tic Total 2/ Exports Ending Stocks World 3/ 319.84 1,116.21 165.32 712.89 1,132.63 171.26 303.42 World Less China 109.68 855.43 157.72 519.89 854.63 171.25 102.89 United States 56.41 345.96 1.06 148.02 307.58 45.17 50.68 Total Foreign 263.43 770.25 164.25 564.87 825.05 126.09 252.73 Major Exporters 4/ 9.95 219.16 1.28 88.80 110.80 107.50 12.09 Argentina 2.37 51.00 0.01 9.50 13.50 37.00 2.87 Brazil 5.29 102.00 1.20 58.50 68.50 35.00 4.99 Russia 0.38 14.28 0.05 8.80 9.80 4.07 0.83 South Africa 1.02 16.00 0.00 6.80 12.60 2.50 1.92 Ukraine 0.89 35.89 0.03 5.20 6.40 28.93 1.48 Major Importers 5/ 22.19 129.12 95.28 164.10 219.75 6.45 20.38 Egypt 1.81 6.40 10.43 14.40 16.90 0.01 1.73 European Union 6/ 7.66 66.72 18.61 60.00 81.00 4.81 7.18 Japan 1.45 0.00 15.89 12.30 15.95 0.00 1.39 Mexico 5.09 26.50 16.53 25.60 43.80 1.03 3.29 Southeast Asia 7/ 3.37 29.35 17.36 37.80 45.65 0.61 3.81 South Korea 1.84 0.08 11.89 9.50 11.80 0.00 2.00 Selected Other 0.00 Canada 1.98 13.40 1.84 8.66 13.96 0.71 2.56 China 210.16 260.78 7.60 193.00 278.00 0.01 200.53 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2020 WASDE - 607 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Nov 303.33 1,144.63 178.23 725.71 1,156.54 184.77 291.43 Dec 303.42 1,143.56 179.57 727.98 1,158.01 185.97 288.96 World Less China Nov 102.81 884.63 165.23 530.71 874.54 184.75 99.92 Dec 102.89 883.56 163.07 529.48 872.51 185.95 97.45 United States Nov 50.68 368.49 0.64 144.79 309.26 67.31 43.23 Dec 50.68 368.49 0.64 144.79 309.26 67.31 43.23 Total Foreign Nov 252.65 776.14 177.59 580.92 847.28 117.46 248.19 Dec 252.73 775.07 178.94 583.19 848.75 118.66 245.72 Major Exporters 4/ Nov 11.33 218.50 1.56 92.80 114.90 101.40 15.09 Dec 12.09 218.50 1.56 92.80 114.90 102.90 14.35 Argentina Nov 1.87 50.00 0.01 11.00 15.00 34.00 2.88 Dec 2.87 49.00 0.01 11.00 15.00 34.00 2.88 Brazil Nov 5.49 110.00 1.50 60.00 70.00 39.00 7.99 Dec 4.99 110.00 1.50 60.00 70.00 39.00 7.49 Russia Nov 0.80 14.00 0.04 9.90 11.00 3.10 0.74 Dec 0.83 14.00 0.04 9.90 11.00 3.10 0.77 South Africa Nov 1.92 16.00 0.00 7.00 12.80 2.80 2.32 Dec 1.92 16.00 0.00 7.00 12.80 2.80 2.32 Ukraine Nov 1.25 28.50 0.02 4.90 6.10 22.50 1.16 Dec 1.48 29.50 0.02 4.90 6.10 24.00 0.89 Major Importers 5/ Nov 20.29 129.06 99.35 167.15 224.15 3.97 20.58 Dec 20.38 128.56 97.85 166.50 222.90 3.67 20.22 Egypt Nov 1.70 6.40 11.00 14.80 17.30 0.01 1.79 Dec 1.73 6.40 10.50 14.60 17.10 0.01 1.52 European Union 6/ Nov 7.14 64.20 20.00 59.50 81.50 2.50 7.34 Dec 7.18 63.70 19.00 59.00 80.40 2.20 7.28 Japan Nov 1.39 0.00 16.00 12.40 16.05 0.00 1.34 Dec 1.39 0.00 16.00 12.40 16.05 0.00 1.34 Mexico Nov 3.32 28.00 17.30 26.00 44.25 0.90 3.47 Dec 3.29 28.00 17.30 26.00 44.25 0.90 3.44 Southeast Asia 7/ Nov 3.85 30.30 18.65 40.40 48.40 0.56 3.84 Dec 3.81 30.30 18.65 40.40 48.40 0.56 3.80 South Korea Nov 2.00 0.08 12.00 9.60 12.05 0.00 2.03 Dec 2.00 0.08 12.00 9.60 12.05 0.00 2.03 Selected Other Canada Nov 2.56 14.00 1.70 9.60 14.80 1.00 2.46 Dec 2.56 13.56 1.70 9.60 14.80 1.00 2.02 China Nov 200.53 260.00 13.00 195.00 282.00 0.02 191.51 Dec 200.53 260.00 16.50 198.50 285.50 0.02 191.51 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2020 WASDE - 607 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 164.22 497.04 44.05 484.37 43.89 176.89 World Less China 55.22 348.55 40.85 341.45 41.12 61.89 United States 0.93 7.11 0.92 4.57 2.97 1.42 Total Foreign 163.29 489.93 43.13 479.81 40.92 175.47 Major Exporters 4/ 28.88 184.66 0.76 145.71 31.76 36.84 Burma 0.81 13.20 0.01 10.25 2.70 1.07 India 22.60 116.48 0.00 99.16 10.42 29.50 Pakistan 1.42 7.30 0.00 3.30 4.49 0.93 Thailand 3.01 20.34 0.25 11.80 7.56 4.24 Vietnam 1.03 27.34 0.50 21.20 6.58 1.10 Major Importers 5/ 122.91 239.14 17.13 247.82 3.18 128.19 China 109.00 148.49 3.20 142.92 2.77 115.00 European Union 6/ 1.18 1.96 2.15 3.80 0.30 1.19 Indonesia 5.56 34.20 0.60 36.30 0.00 4.06 Nigeria 1.58 4.54 1.90 6.80 0.00 1.22 Philippines 2.29 11.73 3.60 14.10 0.00 3.52 Sel. Mideast 7/ 1.23 2.01 3.93 5.90 0.00 1.27 Selected Other 0.00 Brazil 0.59 7.14 0.75 7.35 0.88 0.25 C. Amer & Carib 8/ 0.54 1.73 1.79 3.43 0.04 0.59 Egypt 1.56 2.80 0.81 4.20 0.02 0.95 Japan 2.22 7.66 0.63 8.40 0.07 2.05 Mexico 0.15 0.19 0.74 0.92 0.03 0.14 South Korea 1.56 3.87 0.29 4.57 0.05 1.09 2019/20 Est. Beginning Stocks Production Imports Total /2 Domes tic Exports Ending Stocks World 3/ 176.89 496.11 42.04 494.78 42.79 178.22 World Less China 61.89 349.38 39.64 349.75 40.19 61.72 United States 1.42 5.86 1.19 4.57 2.99 0.91 Total Foreign 175.47 490.24 40.86 490.20 39.80 177.31 Major Exporters 4/ 36.84 183.13 0.66 152.69 30.29 37.65 Burma 1.07 12.70 0.01 10.35 2.30 1.13 India 29.50 118.43 0.00 105.74 12.49 29.70 Pakistan 0.93 7.20 0.00 3.30 3.80 1.03 Thailand 4.24 17.66 0.25 12.00 5.50 4.64 Vietnam 1.10 27.15 0.40 21.30 6.20 1.15 Major Importers 5/ 128.19 239.12 14.08 249.83 2.97 128.59 China 115.00 146.73 2.40 145.03 2.60 116.50 European Union 6/ 1.19 1.98 2.44 4.05 0.31 1.25 Indonesia 4.06 34.00 0.55 35.50 0.00 3.11 Nigeria 1.22 5.04 1.30 6.85 0.00 0.71 Philippines 3.52 11.93 2.45 14.30 0.00 3.60 Sel. Mideast 7/ 1.27 2.34 3.85 6.10 0.00 1.36 Selected Other 0.00 Brazil 0.25 7.60 0.85 7.15 1.20 0.35 C. Amer & Carib 8/ 0.59 1.55 1.88 3.37 0.04 0.61 Egypt 0.95 4.30 0.30 4.30 0.02 1.23 Japan 2.05 7.61 0.69 8.35 0.07 1.92 Mexico 0.14 0.17 0.80 0.94 0.01 0.16 South Korea 1.09 3.74 0.45 4.10 0.06 1.14 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. December 2020 WASDE - 607 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Nov 177.91 501.11 42.15 499.24 44.30 179.78 Dec 178.22 501.20 42.54 500.44 45.29 178.98 World Less China Nov 61.41 354.11 39.95 352.74 41.60 63.28 Dec 61.72 354.20 40.34 353.94 42.59 62.48 United States Nov 0.91 7.18 1.18 4.62 3.08 1.57 Dec 0.91 7.18 1.16 4.62 3.02 1.61 Total Foreign Nov 177.00 493.93 40.96 494.62 41.22 178.20 Dec 177.31 494.02 41.38 495.82 42.27 177.37 Major Exporters 4/ Nov 37.45 186.10 0.61 153.10 32.10 38.96 Dec 37.65 186.10 0.61 153.10 33.00 38.26 Burma Nov 1.13 12.90 0.01 10.50 2.20 1.34 Dec 1.13 12.90 0.01 10.50 2.20 1.34 India Nov 29.70 120.00 0.00 106.00 12.50 31.20 Dec 29.70 120.00 0.00 106.00 13.50 30.20 Pakistan Nov 0.83 7.60 0.00 3.40 4.10 0.93 Dec 1.03 7.60 0.00 3.40 4.00 1.23 Thailand Nov 4.64 18.60 0.20 12.00 7.00 4.44 Dec 4.64 18.60 0.20 12.00 7.00 4.44 Vietnam Nov 1.15 27.00 0.40 21.20 6.30 1.05 Dec 1.15 27.00 0.40 21.20 6.30 1.05 Major Importers 5/ Nov 128.49 239.58 14.00 251.20 3.07 127.80 Dec 128.59 239.58 14.35 251.65 3.07 127.80 China Nov 116.50 147.00 2.20 146.50 2.70 116.50 Dec 116.50 147.00 2.20 146.50 2.70 116.50 European Union 6/ Nov 1.25 1.98 2.40 4.15 0.32 1.16 Dec 1.25 1.98 2.40 4.15 0.32 1.16 Indonesia Nov 3.11 34.90 0.50 35.40 0.00 3.11 Dec 3.11 34.90 0.50 35.40 0.00 3.11 Nigeria Nov 0.71 5.04 1.20 6.40 0.00 0.55 Dec 0.71 5.04 1.50 6.70 0.00 0.55 Philippines Nov 3.60 11.70 2.60 14.40 0.00 3.50 Dec 3.60 11.70 2.50 14.40 0.00 3.40 Sel. Mideast 7/ Nov 1.26 2.27 3.70 6.05 0.00 1.17 Dec 1.36 2.27 3.85 6.20 0.00 1.28 Selected Other Brazil Nov 0.40 7.48 0.80 7.20 0.90 0.58 Dec 0.35 7.48 0.80 7.20 1.00 0.43 C. Amer & Carib 8/ Nov 0.62 1.64 1.90 3.48 0.03 0.65 Dec 0.61 1.62 1.95 3.49 0.03 0.65 Egypt Nov 1.20 4.00 0.25 4.30 0.02 1.13 Dec 1.23 4.00 0.25 4.30 0.02 1.16 Japan Nov 1.92 7.62 0.69 8.25 0.08 1.90 Dec 1.92 7.62 0.69 8.25 0.08 1.90 Mexico Nov 0.18 0.19 0.80 0.97 0.01 0.20 Dec 0.16 0.19 0.80 0.96 0.01 0.19 South Korea Nov 1.13 3.85 0.45 4.00 0.06 1.38 Dec 1.14 3.51 0.45 4.00 0.06 1.04 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. December 2020 WASDE - 607 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2018/19 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 81.11 118.58 42.43 120.16 41.64 0.04 80.27 World Less China 43.11 90.83 32.79 80.66 41.43 0.04 44.60 United States 4.20 18.37 3/ 2.98 14.84 -0.09 4.85 Total Foreign 76.91 100.21 42.43 117.19 26.81 0.14 75.42 Major Exporters 4/ 26.93 54.54 2.48 33.02 22.33 0.02 28.57 Central Asia 5/ 2.67 5.44 3/ 3.80 2.04 0.00 2.28 Afr. Fr. Zone 6/ 1.61 5.43 3/ 0.17 5.47 0.00 1.41 S. Hemis. 7/ 13.19 17.24 0.18 4.39 10.86 0.01 15.34 Australia 3.04 2.20 3/ 0.04 3.63 0.00 1.57 Brazil 8.66 13.00 0.02 3.40 6.02 0.00 12.26 India 9.23 25.80 1.80 24.00 3.52 0.00 9.30 Major Importers 8/ 48.12 42.69 37.40 79.99 3.24 0.11 44.88 Mexico 0.66 1.74 0.85 2.00 0.52 0.03 0.69 China 37.99 27.75 9.64 39.50 0.21 0.00 35.67 European Union 9/ 0.30 1.71 0.64 0.70 1.72 0.03 0.22 Turkey 1.95 3.75 3.61 6.90 0.71 0.00 1.69 Pakistan 2.83 7.60 2.85 10.70 0.06 0.03 2.50 Indonesia 0.63 3/ 3.05 3.15 0.01 0.00 0.53 Thailand 0.20 3/ 1.08 1.05 0.00 0.03 0.20 Bangladesh 1.86 0.14 7.00 7.20 0.00 0.01 1.78 Vietnam 1.29 3/ 6.94 7.00 0.00 0.00 1.23 2019/20 Est. Beginning Stocks Production Imports Domes tic Use Exports Los s /2 Ending Stocks World 80.27 122.14 40.19 102.23 40.98 -0.04 99.42 World Less China 44.60 94.89 33.05 69.23 40.82 -0.04 62.52 United States 4.85 19.91 3/ 2.15 15.53 -0.16 7.25 Total Foreign 75.42 102.22 40.19 100.08 25.45 0.13 92.17 Major Exporters 4/ 28.57 58.55 2.88 28.27 20.98 0.02 40.72 Central Asia 5/ 2.28 5.96 3/ 3.94 1.58 0.00 2.72 Afr. Fr. Zone 6/ 1.41 5.91 3/ 0.14 4.64 0.00 2.53 S. Hemis. 7/ 15.34 16.73 0.15 3.59 11.28 0.01 17.34 Australia 1.57 0.63 3/ 0.04 1.36 0.00 0.80 Brazil 12.26 13.78 0.01 2.70 8.94 0.00 14.40 India 9.30 29.50 2.28 20.00 3.20 0.00 17.88 Major Importers 8/ 44.88 40.62 34.94 68.18 3.18 0.11 48.97 Mexico 0.69 1.57 0.59 1.50 0.66 0.03 0.67 China 35.67 27.25 7.14 33.00 0.16 0.00 36.90 European Union 9/ 0.22 2.00 0.58 0.60 1.82 0.03 0.34 Turkey 1.69 3.45 4.67 6.60 0.45 0.00 2.77 Pakistan 2.50 6.20 3.98 9.20 0.06 0.03 3.39 Indonesia 0.53 3/ 2.51 2.40 0.00 0.00 0.64 Thailand 0.20 3/ 0.70 0.78 0.00 0.02 0.10 Bangladesh 1.78 0.14 7.00 6.50 0.00 0.01 2.42 Vietnam 1.23 3/ 6.48 6.30 0.00 0.00 1.41 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. December 2020 WASDE - 607 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2020/21 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Nov 99.59 116.11 42.84 114.05 42.87 0.18 101.44 Dec 99.42 113.90 43.17 115.63 43.21 0.14 97.52 World Less China Nov 62.69 88.61 33.34 76.55 42.75 0.18 65.16 Dec 62.52 86.40 33.17 77.63 43.08 0.14 61.25 United States Nov 7.25 17.09 3/ 2.50 14.60 0.05 7.20 Dec 7.25 15.95 3/ 2.50 15.00 0.00 5.70 filler filler filler filler filler filler filler Total Foreign Nov 92.34 99.02 42.83 111.55 28.27 0.13 94.24 Dec 92.17 97.95 43.16 113.13 28.21 0.13 91.82 Major Exporters 4/ Nov 40.74 57.83 1.71 31.88 24.42 0.02 43.96 Dec 40.72 57.26 1.71 32.88 24.36 0.02 42.44 Central Asia 5/ Nov 2.72 5.75 3/ 4.19 1.56 0.00 2.72 Dec 2.72 5.83 3/ 4.19 1.58 0.00 2.78 Afr. Fr. Zone 6/ Nov 2.53 5.00 3/ 0.14 4.98 0.00 2.41 Dec 2.53 4.88 3/ 0.14 4.87 0.00 2.40 S. Hemis. 7/ Nov 17.36 16.73 0.16 3.92 12.62 0.01 17.69 Dec 17.34 16.70 0.16 3.92 12.64 0.01 17.62 Australia Nov 0.80 2.50 3/ 0.04 1.50 0.00 1.77 Dec 0.80 2.40 3/ 0.04 1.40 0.00 1.77 filler filler filler filler filler filler filler Brazil Nov 14.40 12.00 0.03 3.00 10.00 0.00 13.43 Dec 14.40 12.00 0.03 3.00 10.00 0.00 13.43 India Nov 17.88 30.00 1.00 23.00 5.00 0.00 20.88 Dec 17.88 29.50 1.00 24.00 5.00 0.00 19.38 Major Importers 8/ Nov 49.12 38.03 38.58 75.72 2.43 0.11 47.47 Dec 48.97 37.53 38.91 76.29 2.43 0.11 46.58 Mexico Nov 0.67 1.05 0.60 1.60 0.20 0.03 0.49 Dec 0.67 1.05 0.65 1.60 0.20 0.03 0.54 China Nov 36.90 27.50 9.50 37.50 0.13 0.00 36.27 Dec 36.90 27.50 10.00 38.00 0.13 0.00 36.27 European Union 9/ Nov 0.34 1.53 0.61 0.66 1.58 0.03 0.21 Dec 0.34 1.53 0.61 0.66 1.58 0.03 0.21 Turkey Nov 2.77 2.80 4.40 7.00 0.45 0.00 2.52 Dec 2.77 2.80 4.40 7.00 0.45 0.00 2.52 Pakistan Nov 3.39 5.00 4.30 9.80 0.05 0.03 2.82 Dec 3.39 4.50 4.70 10.00 0.05 0.03 2.52 Indonesia Nov 0.54 3/ 2.90 2.90 0.01 0.00 0.54 Dec 0.64 3/ 2.80 2.90 0.00 0.00 0.54 Thailand Nov 0.15 3/ 0.85 0.83 0.00 0.03 0.15 Dec 0.10 3/ 0.73 0.70 0.00 0.03 0.11 Bangladesh Nov 2.42 0.15 7.30 7.30 0.00 0.01 2.55 Dec 2.42 0.15 6.90 7.30 0.00 0.01 2.15 Vietnam Nov 1.61 3/ 6.80 6.80 0.00 0.00 1.61 Dec 1.41 3/ 6.80 6.80 0.00 0.00 1.41 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. December 2020 WASDE - 607 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 98.83 361.04 145.83 298.42 344.15 148.82 112.72 World Less China 75.77 345.07 63.29 213.42 242.15 148.71 93.27 United States 11.92 120.52 0.38 56.94 60.40 47.68 24.74 Total Foreign 86.91 240.52 145.44 241.48 283.74 101.15 87.98 Major Exporters 3/ 56.95 186.34 6.56 86.79 96.53 91.64 61.69 Argentina 23.73 55.30 6.41 40.57 47.45 9.10 28.89 Brazil 32.70 119.70 0.14 42.53 45.18 74.89 32.47 Paraguay 0.51 8.51 0.01 3.62 3.82 4.90 0.32 Major Importers 4/ 25.67 19.84 115.02 113.03 138.08 0.32 22.14 China 23.06 15.97 82.54 85.00 102.00 0.12 19.46 European Union 1.40 2.67 14.99 15.60 17.26 0.18 1.61 Southeast Asia 0.84 0.66 8.31 3.81 9.08 0.02 0.71 Mexico 0.17 0.34 5.87 6.15 6.20 0.00 0.18 2019/20 Est. Beginning Stocks Production Imports Domes tic C rus h Domes tic Tota l Exports Ending Stocks World 2/ 112.72 336.47 165.45 309.27 354.61 164.57 95.46 World Less China 93.27 318.37 66.91 217.77 245.41 164.48 68.66 United States 24.74 96.67 0.42 58.91 61.96 45.62 14.25 Total Foreign 87.98 239.81 165.03 250.36 292.65 118.95 81.21 Major Exporters 3/ 61.69 186.69 5.46 86.54 96.12 110.22 47.49 Argentina 28.89 48.80 4.88 38.76 45.80 9.97 26.80 Brazil 32.47 126.00 0.55 44.25 46.49 92.13 20.40 Paraguay 0.32 9.90 0.02 3.45 3.75 6.20 0.29 Major Importers 4/ 22.14 21.77 132.91 121.05 146.91 0.30 29.60 China 19.46 18.10 98.53 91.50 109.20 0.09 26.80 European Union 1.61 2.62 15.66 16.35 18.06 0.19 1.64 Southeast Asia 0.71 0.61 9.32 4.50 9.82 0.02 0.80 Mexico 0.18 0.24 6.00 6.20 6.25 0.00 0.16 2020/21 Proj. Beginning Stocks Production Imports Domes tic C rus h Domes tic Tota l Exports Ending Stocks World 2/ Nov 95.34 362.64 165.39 320.89 369.03 167.82 86.52 Dec 95.46 362.05 166.33 321.64 369.72 168.48 85.64 World Less China Nov 68.54 345.14 65.39 221.89 251.63 167.72 59.72 Dec 68.66 344.55 66.33 222.64 252.32 168.38 58.84 United States Nov 14.25 113.50 0.41 59.33 63.11 59.87 5.17 Dec 14.25 113.50 0.41 59.74 63.51 59.87 4.76 Total Foreign Nov 81.09 249.14 164.98 261.56 305.92 107.94 81.35 Dec 81.21 248.56 165.92 261.90 306.21 108.60 80.88 Major Exporters 3/ Nov 47.59 196.34 4.41 89.38 99.48 100.32 48.54 Dec 47.49 195.65 4.41 88.38 98.48 100.63 48.44 Argentina Nov 27.00 51.00 4.00 40.00 47.20 7.00 27.80 Dec 26.80 50.00 4.00 39.00 46.20 7.00 27.60 Brazil Nov 20.30 133.00 0.40 45.50 48.10 85.00 20.60 Dec 20.40 133.00 0.40 45.50 48.10 85.00 20.70 Paraguay Nov 0.29 10.25 0.01 3.80 4.10 6.30 0.14 Dec 0.29 10.25 0.01 3.80 4.10 6.30 0.14 Major Importers 4/ Nov 29.57 21.43 134.69 129.44 156.30 0.38 29.02 Dec 29.60 21.29 134.79 129.44 156.30 0.38 29.01 China Nov 26.80 17.50 100.00 99.00 117.40 0.10 26.80 Dec 26.80 17.50 100.00 99.00 117.40 0.10 26.80 European Union Nov 1.61 2.75 15.40 16.80 18.51 0.25 1.00 Dec 1.64 2.70 15.40 16.80 18.51 0.25 0.98 Southeast Asia Nov 0.80 0.60 9.78 4.72 10.27 0.03 0.88 Dec 0.80 0.60 9.78 4.72 10.27 0.03 0.88 Mexico Nov 0.16 0.35 6.10 6.40 6.47 0.00 0.14 Dec 0.16 0.26 6.20 6.40 6.47 0.00 0.14 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports . Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to roun ding. December 2020 WASDE - 607 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 14.13 233.86 62.81 230.16 67.72 12.93 World Less China 14.13 166.54 62.79 163.75 66.79 12.93 United States 0.50 44.28 0.62 32.85 12.19 0.37 Total Foreign 13.62 189.58 62.19 197.30 55.53 12.56 Major Exporters 3/ 6.99 71.84 0.10 26.05 47.11 5.76 Argentina 2.48 31.20 0.03 3.13 28.83 1.74 Brazil 4.30 32.96 0.02 17.65 16.09 3.54 India 0.22 7.68 0.05 5.28 2.19 0.48 Major Importers 4/ 1.88 22.02 38.90 60.16 0.59 2.06 European Union 0.33 12.32 18.76 30.34 0.37 0.69 Mexico 0.17 4.86 1.89 6.65 0.01 0.26 Southeast Asia 5/ 1.27 2.98 16.66 19.70 0.20 1.01 2019/20 Est. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ 12.93 242.99 62.56 240.83 67.03 10.61 World Less China 12.93 170.52 62.51 169.33 66.02 10.61 United States 0.37 46.36 0.58 34.22 12.77 0.31 Total Foreign 12.56 196.63 61.98 206.61 54.26 10.30 Major Exporters 3/ 5.76 70.87 0.04 26.90 45.72 4.05 Argentina 1.74 29.80 0.00 3.18 27.37 1.00 Brazil 3.54 34.35 0.01 18.00 17.51 2.40 India 0.48 6.72 0.03 5.72 0.85 0.66 Major Importers 4/ 2.06 23.19 38.39 61.72 0.58 1.34 European Union 0.69 12.92 17.62 30.74 0.36 0.12 Mexico 0.26 4.90 1.84 6.90 0.01 0.10 Southeast Asia 5/ 1.01 3.51 17.23 20.51 0.21 1.04 2020/21 Proj. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ Nov 10.13 252.32 63.11 250.19 66.47 8.90 Dec 10.61 252.85 62.84 251.05 66.15 9.10 World Less China Nov 10.13 173.91 63.10 172.77 65.47 8.90 Dec 10.61 174.44 62.83 173.63 65.15 9.10 United States Nov 0.31 46.64 0.36 34.75 12.25 0.32 Dec 0.31 46.91 0.54 34.75 12.70 0.32 Total Foreign Nov 9.82 205.68 62.75 215.45 54.22 8.58 Dec 10.30 205.94 62.30 216.30 53.45 8.78 Major Exporters 3/ Nov 4.05 73.63 0.06 27.84 46.17 3.73 Dec 4.05 72.83 0.06 27.84 45.37 3.73 Argentina Nov 1.06 30.75 0.00 3.25 27.50 1.06 Dec 1.00 29.95 0.00 3.25 26.70 1.00 Brazil Nov 2.33 35.28 0.02 18.50 16.80 2.32 Dec 2.40 35.28 0.02 18.50 16.80 2.39 India Nov 0.66 7.60 0.04 6.09 1.87 0.34 Dec 0.66 7.60 0.04 6.09 1.87 0.34 Major Importers 4/ Nov 1.34 23.92 38.98 62.33 0.53 1.38 Dec 1.34 23.92 38.98 62.40 0.53 1.31 European Union Nov 0.11 13.27 18.05 30.97 0.30 0.17 Dec 0.12 13.27 18.05 31.04 0.30 0.10 Mexico Nov 0.10 5.06 1.93 6.98 0.01 0.10 Dec 0.10 5.06 1.93 6.98 0.01 0.10 Southeast Asia 5/ Nov 1.04 3.69 17.30 20.79 0.22 1.02 Dec 1.04 3.69 17.30 20.79 0.22 1.02 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. December 2020 WASDE - 607 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 3.90 55.88 10.68 55.14 11.18 4.14 World Less China 3.33 40.65 9.90 39.25 10.98 3.64 United States 0.91 10.98 0.18 10.38 0.88 0.81 Total Foreign 2.99 44.90 10.50 44.76 10.30 3.34 Major Exporters 3/ 0.81 19.74 0.45 12.28 7.79 0.93 Argentina 0.27 7.91 0.00 2.62 5.27 0.29 Brazil 0.37 8.18 0.02 7.17 1.08 0.33 European Union 0.15 2.96 0.42 2.46 0.79 0.29 Major Importers 4/ 1.05 18.11 6.60 24.18 0.25 1.33 China 0.57 15.23 0.78 15.89 0.20 0.50 India 0.17 1.73 3.00 4.75 0.01 0.14 North Africa 5/ 0.21 0.82 1.83 2.38 0.05 0.45 2019/20 Est. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ 4.14 57.92 11.39 56.68 11.93 4.84 World Less China 3.64 41.52 10.39 39.58 11.77 4.19 United States 0.81 11.30 0.15 10.12 1.29 0.84 Total Foreign 3.34 46.62 11.24 46.55 10.64 4.01 Major Exporters 3/ 0.93 19.94 0.56 12.14 7.97 1.31 Argentina 0.29 7.67 0.00 2.18 5.40 0.39 Brazil 0.33 8.50 0.07 7.39 1.16 0.35 European Union 0.29 3.11 0.49 2.54 0.77 0.57 Major Importers 4/ 1.33 19.48 7.19 25.94 0.27 1.79 China 0.50 16.40 1.00 17.09 0.16 0.65 India 0.14 1.51 3.61 5.10 0.02 0.15 North Africa 5/ 0.45 1.10 1.89 2.50 0.10 0.84 2020/21 Proj. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ Nov 4.23 60.14 11.01 59.35 11.92 4.11 Dec 4.84 60.27 11.18 59.48 12.00 4.81 World Less China Nov 3.58 42.40 9.91 40.66 11.77 3.46 Dec 4.19 42.52 10.08 40.79 11.85 4.16 United States Nov 0.84 11.46 0.16 10.43 1.18 0.85 Dec 0.84 11.54 0.16 10.43 1.25 0.86 Total Foreign Nov 3.39 48.68 10.85 48.92 10.74 3.26 Dec 4.01 48.73 11.02 49.05 10.75 3.95 Major Exporters 3/ Nov 1.18 20.58 0.46 12.60 8.31 1.31 Dec 1.31 20.38 0.59 12.48 8.31 1.49 Argentina Nov 0.29 7.92 0.00 2.35 5.60 0.25 Dec 0.39 7.72 0.00 2.10 5.65 0.35 Brazil Nov 0.35 8.75 0.04 7.57 1.20 0.37 Dec 0.35 8.75 0.17 7.70 1.15 0.42 European Union Nov 0.54 3.19 0.42 2.64 0.83 0.69 Dec 0.57 3.19 0.42 2.64 0.83 0.71 Major Importers 4/ Nov 1.31 20.90 6.84 27.57 0.31 1.15 Dec 1.79 21.08 6.86 27.78 0.31 1.64 China Nov 0.65 17.74 1.10 18.69 0.15 0.65 Dec 0.65 17.74 1.10 18.69 0.15 0.65 India Nov 0.14 1.71 3.35 5.10 0.01 0.09 Dec 0.15 1.71 3.40 5.15 0.01 0.10 North Africa 5/ Nov 0.37 0.88 1.64 2.45 0.16 0.28 Dec 0.84 1.07 1.61 2.61 0.16 0.75 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. December 2020 WASDE - 607 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2019 IV 7,001 7,478 14,535 11,175 1,467 12,773 27,308 2,414 54.0 Annual 27,155 27,638 55,015 43,905 5,818 50,251 105,266 9,447 218.4 2020 I 6,929 7,426 14,407 11,237 1,469 12,841 27,248 2,349 56.1 II 6,054 6,311 12,417 10,940 1,369 12,446 24,863 2,249 56.0 III 7,110 7,049 14,208 11,358 1,454 12,958 27,167 2,300 55.3 IV* 7,145 7,550 14,745 11,025 1,430 12,585 27,330 2,360 55.3 Annual Nov Proj. 27,223 28,181 55,609 44,709 5,737 50,999 106,608 9,248 222.5 Dec Proj. 27,238 28,336 55,777 44,560 5,722 50,830 106,607 9,258 222.7 2021 I* 6,850 7,260 14,161 10,940 1,420 12,490 26,651 2,290 56.4 II* 6,810 6,740 13,602 11,155 1,425 12,720 26,322 2,290 57.8 III* 6,845 7,045 13,941 11,545 1,445 13,135 27,076 2,370 56.2 Annual Nov Proj. 27,365 28,485 56,058 45,095 5,770 51,415 107,473 9,400 225.9 Dec Proj. 27,260 28,510 55,978 45,045 5,755 51,350 107,328 9,400 226.3 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2019 IV 114.88 43.11 80.6 97.8 117.2 20.60 Annual 116.78 47.95 88.6 89.2 94.0 18.63 2020 I 118.32 42.52 83.5 97.4 133.1 18.83 II 105.79 38.96 67.0 103.7 119.6 15.37 III 101.74 40.50 66.7 111.3 89.0 19.07 IV* 108.00 51.00 77.0 111.0 105.0 19.80 Annual Nov Proj. 108.71 43.00 71.8 106.4 116.7 18.25 Dec Proj. 108.46 43.25 73.5 105.9 111.7 18.25 2021 I* 113.00 47.00 82.0 103.0 104.0 16.50 II* 113.00 50.00 86.0 105.0 95.0 16.25 III* 114.00 48.00 77.0 106.0 105.0 16.35 Annual Nov Proj. 114 47 79 106 110 17.70 Dec Proj. 115 47 80 106 106 16.60 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8 -16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. December 2020 WASDE - 607 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2019 662 27,224 3,058 30,944 3,026 642 27,276 58.1 2020 Proj. Nov 642 27,292 3,450 31,384 2,905 645 27,834 59.0 Dec 642 27,307 3,410 31,359 2,905 655 27,799 58.9 2021 Proj. Nov 645 27,434 3,135 31,214 3,080 650 27,484 58.0 Dec 655 27,329 3,135 31,119 3,080 650 27,389 57.8 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2019 559 27,652 945 29,156 6,321 646 22,188 52.4 2020 Proj. Nov 646 28,195 887 29,729 7,324 520 21,885 51.4 Dec 646 28,350 897 29,894 7,324 475 22,095 51.9 2021 Proj. Nov 520 28,499 945 29,964 7,350 575 22,039 51.5 Dec 475 28,524 945 29,944 7,350 530 22,064 51.6 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2019 1,266 55,108 4,275 60,649 9,353 1,330 49,966 111.9 2020 Proj. Nov 1,330 55,702 4,630 61,662 10,250 1,204 50,208 111.8 Dec 1,330 55,870 4,600 61,800 10,250 1,170 50,381 112.2 2021 Proj. Nov 1,204 56,151 4,355 61,710 10,439 1,263 50,008 110.8 Dec 1,170 56,071 4,355 61,596 10,439 1,218 49,939 110.7 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2019 845 43,435 131 44,411 7,103 937 36,371 95.1 2020 Proj. Nov 937 44,231 148 45,315 7,304 900 37,111 96.5 Dec 937 44,083 148 45,168 7,359 890 36,919 96.1 2021 Proj. Nov 900 44,612 140 45,652 7,275 915 37,462 97.0 Dec 890 44,563 140 45,593 7,390 905 37,298 96.6 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2019 303 5,818 12 6,133 639 233 5,261 16.0 2020 Proj. Nov 233 5,737 21 5,991 558 215 5,218 15.8 Dec 233 5,722 21 5,976 578 225 5,173 15.7 2021 Proj. Nov 215 5,770 21 6,006 570 230 5,206 15.7 Dec 225 5,755 21 6,001 590 230 5,181 15.6 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2019 1,153 49,781 146 51,080 7,824 1,175 42,081 112.5 2020 Proj. Nov 1,175 50,520 171 51,866 7,938 1,122 42,806 113.8 Dec 1,175 50,353 171 51,698 8,011 1,122 42,566 113.2 2021 Proj. Nov 1,122 50,932 164 52,218 7,921 1,150 43,147 114.1 Dec 1,122 50,867 164 52,153 8,056 1,140 42,957 113.6 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2019 2,419 104,889 4,421 111,728 17,177 2,504 92,047 224.4 2020 Proj. Nov 2,504 106,222 4,801 113,528 18,188 2,326 93,014 225.5 Dec 2,504 106,223 4,771 113,498 18,261 2,292 92,946 225.3 2021 Proj. Nov 2,326 107,083 4,519 113,928 18,360 2,413 93,155 224.9 Dec 2,292 106,939 4,519 113,749 18,495 2,358 92,896 224.3 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready- to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. December 2020 WASDE - 607 - 33 U.S. Egg Supply and Use Commodity 2018 2019 2020 Proj. 2020 Proj. 2021 Proj. 2021 Proj. Nov Dec Nov Dec Eggs Million Dozen Supply Beginning Stocks 23.4 22.7 31.6 31.6 31.0 29.0 Production 9,205.0 9,447.5 9,248.0 9,258.0 9,400.0 9,400.0 Imports 17.8 14.6 15.2 15.2 16.0 16.0 Total Supply 9,246.2 9,484.8 9,294.8 9,304.8 9,447.0 9,445.0 Use Exports 333.2 333.9 348.6 343.6 335.0 335.0 Hatching Use 1,057.5 1,081.2 1,078.1 1,072.9 1,095.0 1,080.0 Ending Stocks 22.7 31.6 31.0 29.0 33.0 30.0 Disappearance Total 7,832.9 8,038.1 7,837.1 7,859.3 7,984.0 8,000.0 Per Capita (number) 287.5 293.6 284.8 285.7 288.7 289.3 Tota l U.S. Milk Supply and Use Commodity 2018 2019 2020 Proj. 2020 Proj. 2021 Proj. 2021 Proj. Nov Dec Nov Dec Milk Billion Pounds Production 217.6 218.4 222.5 222.7 225.9 226.3 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 13.4 13.8 13.6 13.6 14.3 14.5 Marketings 216.6 217.4 221.5 221.7 224.9 225.3 Imports 6.3 6.9 7.0 6.9 6.9 6.8 Total Cml. Supply 236.2 238.1 242.1 242.2 246.1 246.6 Fat Basis Use Commercial Exports 10.4 9.1 9.4 9.2 9.5 9.6 Ending Commercial Stocks 13.8 13.6 14.3 14.5 14.1 14.5 CCC Donations 0.0 0.2 0.3 0.3 0.0 0.0 Domestic Commercial Use 212.1 215.2 218.1 218.2 222.5 222.5 Skim -solid Basis Supply Beg. Commercial Stocks 11.8 10.7 10.2 10.2 10.3 10.4 Marketings 216.6 217.4 221.5 221.7 224.9 225.3 Imports 5.5 5.8 5.6 5.6 5.6 5.6 Total Cml. Supply 233.8 233.9 237.3 237.5 240.8 241.2 Skim -solid Basis Use Commercial Exports 44.6 41.5 47.3 47.6 48.1 48.7 Ending Commercial Stocks 10.7 10.2 10.3 10.4 10.0 10.2 CCC Donations 0.0 0.2 0.1 0.1 0.0 0.0 Domestic Commercial Use 178.5 181.9 179.6 179.4 182.7 182.3 Tota l CCC Donations include purchases made through the USDA Trade Mitigation program. They do not include products purchased under other programs. Dairy domestic commercial use for 2020 includes additional milk marketed but not processed. Note: Totals may not add due to rounding. December 2020 WASDE - 607 - 34 U.S. Dairy Prices Commodity 2018 2019 2020 Proj. 2020 Proj. 2021 Proj. 2021 Proj. Nov Dec Nov Dec Product Prices 1/ Dollars Per Pound Cheese 1.5377 1.7586 1.965 1.925 1.825 1.635 Butter 2.2572 2.2431 1.585 1.580 1.685 1.570 Nonfat Dry Milk 0.7945 1.0419 1.040 1.040 1.055 1.065 Dry Whey 0.3422 0.3799 0.355 0.360 0.365 0.405 Filler Dollars Per Cwt Milk Prices 2/ Class III 14.61 16.96 18.55 18.20 17.25 15.60 Class IV 14.23 16.30 13.50 13.45 14.00 13.60 All Milk 3/ 16.27 18.63 18.25 18.25 17.70 16.60 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated pla nts for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . December 2020 WASDE - 607 - 35 Reliability of December Projections 1/ Note: Tables on pages 35 -37 present a record of the December projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0.8 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 1.4 percent. The average differen ce between the December projection and the final estimate is 3.8 million tons, ranging from 0.4 million to 10.2 million tons. The December projection has been below the estimate 28 times and above 11 times. Differences between forecast and final estima te 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 0.8 1.4 3.8 0.4 10.2 28 11 U.S. 0.4 0.7 0.2 0.0 1.2 19 14 Foreign 0.9 1.5 3.8 0.3 10.3 28 11 Exports World 5.2 8.9 5.5 0.1 18.3 31 8 U.S. 5.8 9.9 1.5 0.2 3.9 20 19 Foreign 6.4 10.9 5.4 0.5 17.9 34 5 Domestic Use World 1.2 2.1 5.5 0.1 16.7 21 18 U.S. 5.9 10.0 1.6 0.1 3.6 10 29 Foreign 1.3 2.2 5.6 0.1 16.1 25 14 Ending Stocks World 5.5 9.3 7.1 0.9 19.4 29 10 U.S. 10.5 17.9 1.8 0.1 7.0 27 12 Foreign 5.6 9.5 5.8 0.4 19.3 28 11 COARSE GRAINS 2/ Production World 1.4 2.5 12.4 0.0 36.0 29 10 U.S. 1.3 2.2 2.4 0.0 7.5 19 20 Foreign 2.1 3.5 12.7 0.3 37.5 28 11 Exports World 6.7 11.3 6.6 0.1 33.3 29 10 U.S. 15.3 26.0 5.5 0.1 12.8 18 21 Foreign 11.9 20.1 7.1 0.0 27.1 26 12 Domestic Use World 1.2 2.1 10.0 0.3 36.5 24 15 U.S. 3.5 5.9 4.8 0.1 17.9 17 22 Foreign 1.5 2.5 9.7 0.3 36.9 26 13 Ending Stocks World 11.1 18.9 15.2 0.2 137.6 32 7 U.S. 18.8 31.9 7.2 0.7 23.9 21 18 Foreign 14.5 24.5 13.5 0.1 143.9 31 8 RICE, milled Production World 1.9 3.3 5.6 0.0 16.2 31 8 U.S. 2.9 4.9 0.1 0.0 0.5 19 15 Foreign 2.0 3.3 5.7 0.1 16.2 32 7 Exports World 9.2 15.6 1.8 0.1 6.1 29 10 U.S. 7.9 13.5 0.2 0.0 0.6 19 18 Foreign 10.4 17.6 1.8 0.0 6.0 27 12 Domestic Use World 1.5 2.6 3.7 0.0 15.9 27 12 U.S. 7.9 13.4 0.2 0.0 0.6 20 19 Foreign 1.5 2.6 3.6 0.0 16.1 27 12 Ending Stocks World 10.6 17.9 5.7 0.1 27.9 32 7 U.S. 21.2 36.0 0.2 0.0 0.8 21 18 Foreign 10.9 18.4 5.7 0.2 27.7 32 7 1/ Footnotes at end of table. CONTINUED December 2020 WASDE - 607 - 36 Reliability of December Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 3.7 6.4 5.5 0.1 23.8 21 18 U.S. 2.0 3.4 1.1 0.1 4.7 16 23 Foreign 6.2 10.5 5.5 0.1 25.1 18 21 Exports World 6.9 11.7 3.5 0.1 15.5 24 15 U.S. 9.1 15.4 2.2 0.1 6.4 22 17 Foreign 17.4 29.5 3.2 0.0 18.2 20 19 Domestic Use World 2.7 4.6 4.0 0.0 13.2 21 18 U.S. 3.5 5.9 1.2 0.0 3.6 26 13 Foreign 3.3 5.6 3.7 0.2 11.9 22 17 Ending Stocks World 15.2 25.8 4.3 0.1 18.5 22 17 U.S. 43.7 74.1 2.1 0.2 7.3 11 28 Foreign 16.8 28.5 3.9 0.1 18.3 23 16 COTTON Million 480 -Pound Bales Production World 3.1 5.3 2.3 0.0 7.2 23 15 U.S. 2.0 3.4 0.3 0.0 0.8 18 20 Foreign 3.7 6.3 2.3 0.0 7.1 22 16 Exports World 7.0 11.9 1.9 0.1 9.0 23 16 U.S. 13.6 23.1 0.9 0.0 3.0 24 15 Foreign 9.0 15.3 1.4 0.0 8.3 20 18 Domestic Use World 4.0 6.8 2.7 0.1 18.2 19 20 U.S. 8.8 15.0 0.3 0.0 1.0 19 19 Foreign 4.0 6.8 2.5 0.1 17.4 21 18 Ending Stocks World 11.4 19.4 4.7 0.5 19.3 23 16 U.S. 27.9 47.3 1.1 0.1 3.2 12 27 Foreign 12.0 20.4 4.4 0.1 17.5 27 12 1/ Marketing years 1981/82 through 2019/20 for grains, soybeans (U.S. only), and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2018/19, and for 2019/20 the last mon th’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. December 2020 WASDE - 607 - 37 Reliability of United States December Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 1.3 2.2 88 0 250 19 19 Exports 16.0 27.2 197 9 513 17 22 Domestic Use 3.7 6.3 183 14 574 22 17 Ending Stocks 21.5 36.6 283 16 986 21 18 SORGHUM Production 4.2 7.1 15 1 53 20 19 Exports 18.7 31.8 30 0 123 25 13 Domestic Use 20.4 34.7 37 0 127 16 22 Ending Stocks 46.5 78.9 24 1 104 15 24 BARLEY Production 1.5 2.5 4 0 24 17 10 Exports 30.1 51.0 8 0 37 14 21 Domestic Use 7.6 12.8 16 0 70 14 24 Ending Stocks 13.3 22.6 13 0 39 27 10 OATS Production 1.1 1.8 2 0 18 7 9 Exports 71.0 120.6 1 0 7 9 10 Domestic Use 5.3 9.0 12 1 39 15 24 Ending Stocks 20.1 34.1 13 1 52 26 13 SOYBEAN MEAL Thousand Short Tons Production 3.5 5.9 1,055 152 3,117 24 15 Exports 11.1 18.9 731 100 2,850 23 16 Domestic Use 3.2 5.4 691 50 2,293 21 18 Ending Stocks 33.8 57.3 64 0 253 16 21 SOYBEAN OIL Million Pounds Production 3.4 5.8 460 43 1,530 27 12 Exports 27.0 45.9 343 0 1,325 21 16 Domestic Use 3.7 6.4 472 25 1,761 24 15 Ending Stocks 21.5 36.5 298 1 1,051 24 15 ANIMAL PROD. Million Pounds Beef 3.5 6.0 711 9 2,311 26 12 Pork 3.2 5.4 423 20 1,592 21 17 Broilers 1.7 2.9 397 1 1,346 23 15 Turkeys 2.9 5.0 121 2 407 21 17 Million Dozen Eggs 2.0 3.3 111 3 515 26 12 Billion Pounds Milk 1.5 2.6 1.9 0.1 6.1 21 17 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2019/20 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate followin g the marketing year for 1981/82 through 2018/19, and for 2019/20 the last month’s estimate. Calendar years 1982 through 2019 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 198 2-2019. WASDE- 607-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Fore ign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. I PAD is lo cated at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 Registration is Now Open to USDA's 97th Agricultural Outlook Forum! Building on Innovation: A Pathway to Resilience Join us for this virtual event on February 18 -19, 2021 The Forum is free to attend Register Today For complete WASDE tables and previous month’s report v isit https://www.usda.gov/oce/commodity/wasde/ To subscribe to receive WASDE -related notifications by email or text message visit https://public.govdelivery.com/accounts/USDAOC/subscriber/new?topic_id=USDAOC_223 . Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at 202 -720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE -607 – December 10, 2020 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202 - 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250 -9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 590 Approved by the World Agricultura l Outlook Board July 11, 2019 WHEAT: The outlook for 2019/20 U.S. wheat this month is for lower supplies, higher domestic use, larger exports, and reduced stocks. Supplies are reduced as a smaller carry -in is not completely offset by higher production. Forecast 2019/20 U.S. wheat production is raised 18 million bushels to 1,921 million. The all wheat yield is forecast 1.3 bushels per acre higher at 50.0 bushels. Winter wheat production is raised to 1,291 million bushels with increases in all winter wheat classes this month. The first 2019/20 survey- based production forecasts for other spring wheat and Durum are both lower than last year, mainly on reduced harvested area at 572 and 58 million bushels, respectively. Domestic use is higher this month on increased feed and residual use as wheat is expected to be more competitively priced with feedgrains in 2019/20. Exports are projected at 950 million bushels, up 14 million from the revised 2018/19 exports. Exportable supplies for several major exporters are significantly reduced on lower 2019/20 production forecasts. As a result, the United States is expected to improve its export competitiveness, especially in the latter stages of the 2019/20 marketing year. Ending stocks for 2019/20 are projected 72 million bushels lower than last month at 1,000 million. The projected season- average farm price is $5.20 per bushel, up $0.10 from last month on reduced stocks. Foreign 2019/20 wheat supplies are decreased 10.5 million tons primarily on lower production in several major exporting countries. The production declines are led by a 3.8- million- ton reduction for Russia due to extremely high temperatures and below -average precipitation in June during winter wheat grain fill. Russia’ s production of 74.2 million tons is still the second largest on record. Both the EU and Ukraine are also lowered on hot and dry conditions during June, which are expected to reduce yields although production in both countries remains well above last year. Australia and Canada are lowered as well, mainly on reduced area, based on recent government reports. Global 2019/20 exports are lowered 2.3 million tons on decreased supplies. Russia’ s exports are reduced 2.5 million tons and Australia and Ukraine are lowered 1.0 million and 0.5 million, respectively. These export reductions are partially offset by a 0.5 million ton increase for the EU and a 1.4 million increase for the United States. World consumption is lowered 2.9 million ton s, primarily on reduced feed and residual use. With global supplies declining more than projected use, world ending stocks are reduced 7.9 million tons to 286.5 million but remain record large. COARSE GRAINS: This month’s 2019/20 U.S. corn outlook is for larger production and beginning stocks, greater feed and residual use, lower food, seed, and industrial (FSI) use, and increased ending stocks. Corn beginning stocks are raised 145 million bushels, reflecting lower use forecasts for 2018/19. Exports are reduced based on current outstanding sales and shipments to date, with export inspection data for June the lowest for the month since 2013. Feed and residual use is down based on indicated disappearance during the first three quarters of the marketing year in the June 28 Grain Stocks . FSI is lowered with forecast declines in several categories of non- ethanol industrial use. For 2019/20, corn production is projected 195 million bushels higher based on increased planted and harvested areas from the June 28 Acreage report. Excessive rainfall prevented planting at WASDE- 590-2 the time of the Acreage survey, leaving a portion of acres still to be planted for corn in a number of major producing states. In July, USDA’s National Agricultural Statistics Service (NASS) w ill collect updated information on 2019 acres planted, and if the newly collected data justify any changes, NASS will publish updated acreage estimates in the August Crop Production report. The national average corn yield is unchanged at 166.0 bushels per acre. Silking as reported in the Crop Progress report is behind the recent historical average, thus for much of the crop the critical pollination period will be during late July into early August. Projected feed and residual use is raised 25 million bushels, reflecting a larger crop. FSI is lowered 20 million bushels, reflecting lower projections for non- ethanol industrial use. Small revisions are made to historical trade and utilization estimates based on the 13th month trade data revisions from the C ensus Bureau. With supply rising more than use, stocks are raised 335 million bushels to 2.0 billion. The season- average corn price received by producers is lowered 10 cents to $3.70 per bushel. This month’s 2019/20 foreign coarse grain outlook is for larger production and trade, and slightly lower stocks relative to last month. Ukraine corn production is raised, reflecting increased area. Barley production is raised for Canada but lowered for Ukraine and India. For 2018/19, Argentina corn production is higher based on harvest results to date. Major global trade changes for 2019/20 include higher corn exports for Ukraine, with increased imports for Zimbabwe. For 2018/19, corn exports are raised for Argentina and Brazil reflecting higher -than-expected shipments during the month of June. Foreign corn ending stocks are virtually unchanged from last month. RICE : The outlook for 2019/20 U.S. rice is for increased supplies, higher domestic use and exports, and lower ending stocks. All rice supplies are raised this month by 4.9 million cwt to 289.5 million. All rice production increased by 10.6 million cwt to 208.7 million with long- grain production raised 12.6 million cwt on a higher harvested area than previously estimated. Combined medium - and shor t-grain production is lowered 2.0 million cwt on reduced harvested area. Partly offsetting the production increase is a 5.7 -million- cwt decrease in beginning stocks. The NASS Rice Stocks report implied significantly higher domestic and residual use than previously estimated for the 2018/19 marketing year, which resulted in lower 2019/20 beginning stocks. All rice exports for 2018/19 are also raised 2.0 million cwt (all long- grain) to 92.0 million, the result of a strong recent export pace. Total rice us e for 2019/20 is increased 6.0 million cwt to 239.0 million on a 5.0-million -cwt increase in domestic and residual use and a 1.0-million -cwt increase in exports. All rice ending stocks are lowered 1.1 million cwt to 50.5 million, and the season- average farm price for all rice is raised $0.10 per cwt to $11.80. Global 2019/20 rice supplies are raised fractionally on both higher beginning stocks and production. The higher 2019/20 beginning stocks stem from several 2018/19 changes including a 0.4 -million- ton production decrease, a 0.9-million -ton consumption decrease, and a 0.2- million- ton increase in beginning stocks. The small 2019/20 production increase is the result of a 0.3 - million- ton increase in U.S. production that is partially offset by a 0.1-million -ton decrease for Brazil. Global 2019/20 exports are lowered fractionally to 46.9 million tons. With global supplies rising more than use, world ending stocks are increased 0.8 million tons to a record 172.7 million. OILSEEDS: This month’ s U.S. s oybean supply and use projections for 2019/20 include lower beginning stocks, production, exports, and ending stocks. Beginning stocks are reduced with higher 2018/19 residual use more than offsetting lower crush and seed use. Residual use for 2018/19 is raised based on indications in the June 28 Grain Stocks report combined with crush and export data through May. Soybean production for 2019/20 is projected at 3.845 billion bushels, down 305 million based on lower planted and harvested area in the June 28 Acreage report and on lower projected yields. Harvested area, forecast at 79.3 million acres, is down 4.5 million from last month. With planting progress significantly behind in many states, USDA ’s WASDE- 590-3 National Agricultural Statistics Service (NASS) will collect updated information on 2019 area planted, and if the newly collected information justifies changes, updated acreage estimates will be published by NASS in the August Crop Production report. The soybean yield is forecast at 48.5 bushels per acre, down 1 bushel based on delayed planting progress throughout the major producing states. Soybean exports are reduced 75 million bushels to 1.875 billion reflecting reduced supplies and increased competition from South American exporters. With crush unchanged, soybean ending stocks for 2019/20 are projected at 795 million bushels compared with 1.045 billion last month. The 2019/20 season- average price for soybeans is forecast at $8.40 per bushel, up 15 cents from last month. The soybean meal prices are forecast at $300 per short ton, up 5 dollars. The soybean oil price forecast is unchanged at 29.5 cents per pound. The 2019/20 global oilseed supply and demand forecasts include lower production and stocks compared to last month. Global oilseed production is projected at 586.0 million tons, down 11.7 million mostly on lower soybean production for the United States. Soybean production is also reduced for Canada and Ukraine. Rapeseed production is reduced for the EU, Australia, and Canada. Hot, dry weather during June has reduced yield prospects for the EU. Production is reduced for both Australia and Canada on lower harvested area. Other production changes include lower sunflowerseed production for Russia, higher cottonseed production for India, and lower peanut production for the United States. Global oilseed exports for 2019/20 are projected at 175.0 million tons, down slightly from last month. Lower soybean exports for the United States are offset with increases for Brazil, Argentina, and Uruguay. Global oilseed ending stocks for 2019/20 are reduced 10.7 million tons to 119.5 million, mainly on lower soybean stocks for the United States , Argentina, and Brazil. SUGAR : U.S. sugar supply for 2019/20 is increased by 95,027 short tons, raw value (STRV) on increases in beginning stocks and production that are only partially offset by a net reduction in imports. Beginning stocks are increased by 235,818 STRV and sugar production is increased by 121,080 STRV based on harvest area forecast by NASS in the Acreage report for sugarcane in Louisiana and aggregate sugarbeet area across U.S. producing regions. Imports for 2019/20 are reduced by 261,872 STRV to 2.957 million. Imports from Mexico are decreased by 449,263 STRV , while total TRQ imports are increased by 187,393 STRV on the announcement of the additional specialty sugar TRQ. Sugar use is reduced by 40,000 STRV. While projected total refiner license transfers to sugar -containing product and polyhydric alcohol manufacturers under the U.S. Sugar Re-Export Program is unchanged at 339,781 STRV, it is projected that a lesser share corresponding to 40,000 STRV will result from physical shipments reported in Other Deliveries and greater share from license transfer activity accounted for in deliveries for human consumption. Ending stocks are projected at 1.663 million STRV for a stocks -to-use ratio of 13.50 percent. (See: Economic Research Service, Sugar and Sweeteners Outlook , August 2018, SSS-M- 360, pp. 14- 19.) U.S. sugar imports for 2018/19 are increased by 216,138 STRV to 3.091 million. The reallocation of the 2018/19 raw sugar 121,254- STRV TRQ shortfall is expected to result in additional imports of 66,138 STRV, implying a revised shortfall estimate of 55,115 STRV. Raw sugar imports from Mexico are increased by 100,000 STRV as a result of an increase in the Export Limit made by the Department of Commerce at the request of USDA in late June. Re- export imports are increased 50,000 STRV on the pace to date. Other deliveries are reduced by 20,000 STRV based on the pace to date. Ending stocks are residually increased to 1.761 million, implying an ending stocks -to-use ratio of 14.34 percent. WASDE- 590-4 Mexico sugar production for 2019/20 is projected at 6.248 million metric tons, actual weight (MT) assuming the same area harvested in 2018/19 and 5- year averages of sugarcane yield and sucrose recovery. With no changes to imports, deliveries, or ending stocks, the change in exports for 2019/20 match the 65,468 MT increase in production. Exports to the United States are projected at 828,897 MT, equal to the expected level of U.S. Needs as defined in the amended Suspension Agreements. Exports to non- U.S. destinations are projected residually at 713,045 MT. Mexico sugar production for 2018/19 is increased by 25,643 MT to 6.425 million MT based on the final season production report issued by CONADESUCA. Imports, deliveries, and ending stocks are unchanged. Residually estimated exports are increased by the 25,643- MT supply increase to 2.179 million MT. Exports to the Unit ed States are estimated at 853,004 MT, an increase of 85,583 MT, and exports to non- U.S destinations are reduced by 59,940 MT. LIVESTOCK, POULTRY, AND DAIRY : The 2019 red meat and poultry production forecast is raised from last month as higher forecast pork and broiler production more than offsets lower beef and turkey production forecasts. The beef production forecast is reduced primarily on lighter carcass weights and slightly lower third- quarter steer and heifer slaughter. USDA will release the Catt le report on July 19th, providing a mid- year estimate of U.S. cattle inventory as well as producer intentions regarding retention of heifers for beef cow replacement. Forecast pork production is raised from last month on higher -than- expected second-q uarter commercial hog slaughter . In addition, t he Quarterly Hogs and Pigs report, released on June 27 th, indicated a first-half pig crop 4 percent above 2018 which supported a higher second- half production forecast. Second -quarter broiler production is raised on slaughter data, but no change is made to the outlying quarters. Turkey production is lowered slightly on second- quarter production data. For 2020, the red meat and poultry production forecast is raised on higher forecast pork production. Although producers indicated intentions to farrow about the same number of sows in the second half of 2019, growth in pigs per litter will help support higher numbers of pigs for slaughter in 2020. Beef, broiler, and turkey forecasts are unchanged from the previous month. The beef import forecast is raised for 2019, but the export forecast is lowered from the previous month on recent trade data. The 2020 beef trade forecasts are unchanged from last month. The pork export forecast for 2019 is lowered on recent trade data, but no change is made to the 2020 export forecast. The 2019 broiler export forecast is raised on recent trade data and stronger expec ted global demand in the second half of the year, while the turkey export forecast is little changed. No change is made to the 2020 broiler and turkey export forecasts. Cattle price forecast s for 2019 are lowered from last month, reflecting current prices. For 2020, forecast s are unchanged from the previous month. Hog price forecasts are lowered on recent prices and pressure from increased pork production in late 2019. Hog prices for 2020 are reduced slightly on increased supply pressure. Broiler price forecasts are lowered for 2019 on current price weakness and continued slow demand. No changes are made to 2020 broiler price forecasts. Turkey price forecasts are raised for 2019 and 2020. The milk production forecast for 2019 is unchanged, but the forecast for 2020 is reduced on slower expected growth in milk per cow. USDA ’s Cattle report, to be released on July 19th, will provide a mid- year estimate of the dairy cow inventory and producer intentions regarding retention of heifers for dairy cow replacement. For 2019 and 2020, the fat basis import forecasts are raised from the previous month on higher expect ed imports of butterfat products . Fat basis exports for 2019 are reduced on slower WASDE- 590-5 expected shipments of butterfat products . The 2020 fat basis export forecast is also reduced on expectations that U.S. butter exports will continue to be less competitive globally. The skim - solids basis import forecasts for 2019 and 2020 are unchanged from the previous month. However, skim -solids basis exports for 2019 and 2020 are reduced from the previous month on lower exports of lactose, whey products, and other dairy products. The 2019 cheese and nonfat dry milk (NDM) price forecasts are increased from the previous month while butter and whey price forecasts are reduced. The 2020 cheese price forecast is raised fractionally as demand is expected to improve, but the butter price forecast is lowered. The whey price forecast is also reduced as export prospects remain relatively weak. The NDM price forecast is unchanged. The 2019 Class III price is raised as the higher cheese price more than offsets a lower whey price, and the Class IV price is raised as a higher NDM price more than offsets the lower butter price. The 2020 Class III price forecast is unchanged as the fractionally higher cheese price is offset by a lower whey price. The Class IV price forecast reflects a lower butter price. The 2019 all milk price is forecast higher at $18.20 per cwt , but the all milk price forecast for 2020 is slightly lower than the previous month at $18.85. COTTON : The U.S. 2019/20 cotton projections show higher beginning and ending stocks compared with last month. Beginning stocks are 350,000 bales higher due to decreases in 2018/19 domestic consumption and exports. A reported slowdown in domestic spinning results in a 100,000- bale decline in consumption, and exports are reduced 250,000 bales based on the pace of recent shipments. Ending stocks in 2018/19 are raised 300,000 bales to 6.7 million, or 33 percent of use. The forecast for the marketing- year average price received by producers is reduced 1 cent to 63 cents per pound, a 4 -year low. Changes to this month’ s 2019/20 world cotton supply and demand estimates are primarily driven by higher beginning stocks (up 1.7 million bales) and lower consumption (down 1.0 million bales), resulting in higher ending stocks (up 3.2 million bales). Higher beginning stocks stem largely from reduced 2018/19 consumption estimates for Bangladesh and China. Similarly, 2019/20 world consumption is projected lower as reductions for Bangladesh and China more than offset mill-use gains for India, Turkmenistan, and Vietnam. World production is nearly 500,000 bales higher this month in both 2018/19 and 2019/20, largely due to increases in India’ s crop. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlo ok Board, Seth D. Meyer , (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY : BILL NORTHEY SECRETARY OF AGRICULTURE DESIGNATE WASDE- 590-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers, ICEC Chair, WAOB, w illiam. [email protected] Jennifer Bond, ERS; Andrew Sowell, FAS; Pete Riley, FPAC. Rice: William Chambers, ICEC Chair, WAOB, w illiam. [email protected] Nathan Childs, ERS; Rachel Trego, FAS; Vidalina Abadam , FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, michael. [email protected] Tom Capehart, ERS; Yoonhee Macke, FAS; Erik Dohlman, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Mark Ash, ERS; Bill George, FAS; Sherrie Grimm , FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, stephen.macdonald [email protected] Leslie Meyer, ERS; James Johnson, FAS; Erik Dohlman, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, stephen. [email protected] Michael McConnell, ERS; Ron Lord, FAS; Barbara Fecso, FPAC. Meat A nimals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Lindsay Kuberka, FAS; Ryan Pfirrmann- Powell, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, shayle.shagam@ usda.gov Sherry Wise, AMS; Kim Ha, ERS; Clai re Mezoughem, FAS; Milton Madison, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, s hayle.shagam@ usda.gov Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Milton Madison, FPAC. In 2019, the WASDE report will be released on Aug 12, Sep 12, Oct 10, Nov 8, and Dec 10 WASDE- 590-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat S upply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Production .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 July 2019 WASDE - 590 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2017/18 2616.82 3414.23 415.06 2602.03 812.19 2018/19 (Est.) 2625.38 3437.57 425.42 2636.66 800.91 filler filler filler filler filler 2019/20 (Proj.) Jun 2667.92 3466.37 437.31 2680.41 785.95 2019/20 (Proj.) Jul 2664.79 3465.70 436.11 2678.54 787.16 filler filler filler filler filler Wheat 2017/18 761.88 1023.97 182.04 742.91 281.06 2018/19 (Est.) 730.90 1011.96 175.26 736.81 275.15 filler filler filler filler filler 2019/20 (Proj.) Jun 780.83 1057.40 185.40 763.06 294.34 2019/20 (Proj.) Jul 771.46 1046.61 183.11 760.15 286.46 filler filler filler filler filler Coarse Grains 5/ 2017/18 1360.06 1745.76 185.91 1376.92 368.84 2018/19 (Est.) 1395.83 1764.67 203.96 1409.81 354.86 filler filler filler filler filler 2019/20 (Proj.) Jun 1389.47 1741.14 204.73 1421.40 319.74 2019/20 (Proj.) Jul 1395.51 1750.36 206.09 1422.32 328.05 filler filler filler filler filler Rice, milled 2017/18 494.88 644.50 47.12 482.21 162.29 2018/19 (Est.) 498.65 660.94 46.19 490.03 170.91 filler filler filler filler filler 2019/20 (Proj.) Jun 497.62 667.82 47.18 495.95 171.87 2019/20 (Proj.) Jul 497.82 668.73 46.91 496.08 172.65 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2017/18 437.43 541.29 94.57 357.95 88.76 2018/19 (Est.) 438.33 534.50 84.04 356.25 94.22 filler filler filler filler filler 2019/20 (Proj.) Jun 418.00 517.78 84.92 355.91 76.95 2019/20 (Proj.) Jul 424.04 526.68 86.31 356.80 83.57 filler filler filler filler filler Wheat 2017/18 47.38 83.81 24.66 29.25 29.91 2018/19 (Est.) 51.29 84.87 25.48 30.22 29.18 filler filler filler filler filler 2019/20 (Proj.) Jun 51.78 85.58 24.49 31.92 29.16 2019/20 (Proj.) Jul 52.28 85.27 25.86 32.20 27.22 filler filler filler filler filler Coarse Grains 5/ 2017/18 384.39 449.48 67.16 324.41 57.92 2018/19 (Est.) 379.92 440.66 55.64 321.62 63.40 filler filler filler filler filler 2019/20 (Proj.) Jun 359.93 423.16 57.25 319.76 46.15 2019/20 (Proj.) Jul 365.13 432.22 57.25 320.23 54.75 filler filler filler filler filler Rice, milled 2017/18 5.66 8.00 2.76 4.30 0.93 2018/19 (Est.) 7.12 8.97 2.92 4.41 1.64 filler filler filler filler filler 2019/20 (Proj.) Jun 6.29 9.04 3.18 4.22 1.64 2019/20 (Proj.) Jul 6.63 9.19 3.21 4.38 1.60 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). July 2019 WASDE - 590 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2017/18 2,179.39 2,872.94 320.48 2,244.08 723.43 2018/19 (Est.) 2,187.05 2,903.08 341.38 2,280.42 706.70 filler filler filler filler filler 2019/20 (Proj.) Jun 2,249.91 2,948.59 352.39 2,324.51 709.00 2019/20 (Proj.) Jul 2,240.74 2,939.01 349.79 2,321.73 703.59 filler filler filler filler filler Wheat 2017/18 714.50 940.15 157.38 713.66 251.15 2018/19 (Est.) 679.61 927.09 149.78 706.60 245.97 filler filler filler filler filler 2019/20 (Pr oj.) Jun 729.05 971.82 160.90 731.14 265.18 2019/20 (Proj.) Jul 719.18 961.34 157.25 727.95 259.25 filler filler filler filler filler Coarse Grains 5/ 2017/18 975.67 1,296.28 118.75 1,052.51 310.92 2018/19 (Est.) 1,015.91 1,324.02 148.33 1,088.20 291.45 filler filler filler filler filler 2019/20 (Proj.) Jun 1,029.54 1,317.98 147.48 1,101.64 273.59 2019/20 (Proj.) Jul 1,030.37 1,318.14 148.84 1,102.09 273.30 filler filler filler filler filler Rice, milled 2017/18 489.22 636.50 44.35 477.91 161.36 2018/19 (Est.) 491.53 651.97 43.27 485.62 169.27 filler filler filler filler filler 2019/20 (Proj.) Jun 491.33 658.79 44.01 491.73 170.23 2019/20 (Proj.) Jul 491.19 659.53 43.71 491.69 171.05 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2017/18 123.78 204.09 41.02 122.6 8 80.97 2018/19 (Est.) 119.32 200.29 41.05 121.07 79.27 filler filler filler filler filler 2019/20 (Proj.) Jun 125.32 202.85 44.75 125.27 77.26 2019/20 (Proj.) Jul 125.79 205.06 44.15 124.27 80.42 filler filler filler filler filler Unite d States 2017/18 20.92 23.68 15.85 3.23 4.30 2018/19 (Est.) 18.37 22.67 14.50 3.00 5.00 filler filler filler filler filler 2019/20 (Proj.) Jun 22.00 26.66 17.00 3.10 6.40 2019/20 (Proj.) Jul 22.00 27.01 17.00 3.10 6.70 filler filler filler filler filler Foreign 4/ 2017/18 102.86 180.42 25.17 119.45 76.67 2018/19 (Est.) 100.96 177.62 26.55 118.07 74.27 filler filler filler filler filler 2019/20 (Proj.) Jun 103.32 176.19 27.75 122.17 70.86 2019/20 (Proj.) Jul 103.79 178.06 27.15 121.17 73.72 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal t o world minus United States. See global cotton tables for treatment of export/import imbalances. July 2019 WASDE - 590 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2017/18 580.69 690.53 176.32 484.62 115.90 2018/19 (Est.) 602.38 718.28 173.34 493.14 130.60 filler filler filler filler filler 2019/20 (Proj.) Jun 597.74 728.19 175.20 502.98 130.24 2019/20 (Proj.) Jul 586.04 716.64 174.96 502.36 119.54 filler filler filler filler filler Oilmeals 2017/18 331.53 348.26 88.09 328.77 16.34 2018/19 (Est.) 335.93 352.27 92.79 333.32 15.22 filler filler filler filler filler 2019/20 (Proj.) Jun 343.10 359.07 94.84 340.47 15.31 2019/20 (Proj.) Jul 342.72 357.94 94.13 340.32 14.90 filler filler filler filler filler Vegetable Oils 2017/18 198.78 219.24 79.65 192.33 22.07 2018/19 (Est.) 204.21 226.28 85.25 199.35 21.66 filler filler filler filler filler 2019/20 (Proj.) Jun 208.14 229.77 87.15 205.91 20.16 2019/20 (Proj.) Jul 208.25 229.91 87.50 204.43 20.84 filler filler filler filler filler United States Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2017/18 131.48 142.50 59.31 60.17 13.83 2018/19 (Est.) 133.85 148.85 47.46 60.91 30.28 filler filler filler filler filler 2019/20 (Proj.) Jun 124.25 156.53 54.30 62.27 30.10 2019/20 (Proj.) Jul 115.95 147.63 52.26 62.25 23.21 filler filler filler filler filler Oilmeals 2017/18 47.03 51.17 13.00 37.61 0.56 2018/19 (Est.) 46.70 51.20 12.91 37.83 0.46 filler filler filler filler filler 2019/20 (Proj.) Jun 47.67 51.97 12.64 38.90 0.42 2019/20 (Proj.) Jul 47.66 51.96 12.64 38.90 0.42 filler filler filler filler filler Vegetable Oils 2017 /18 12.11 18.12 1.34 15.54 1.24 2018/19 (Est.) 12.31 18.12 1.14 15.76 1.22 filler filler filler filler filler 2019/20 (Proj.) Jun 12.56 18.62 1.06 16.48 1.09 2019/20 (Proj.) Jul 12.56 18.57 1.02 16.46 1.09 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2017/18 449.21 548.03 117.00 424.46 102.07 2018/19 (Est.) 468.53 569.42 125.89 432.23 100.32 filler filler filler filler filler 2019/20 (Proj.) Jun 473.50 571.66 120.91 440.71 100.14 2019/20 (Proj.) Jul 470.09 569.01 122.70 440.11 96.33 filler filler filler filler filler Oilmeals 2017/18 284.50 297.09 75.09 291.16 15.78 2018/19 (Est.) 289.23 301.06 79.88 295.49 14.76 filler filler filler filler filler 2019/20 (Proj.) Jun 295.43 307.10 82.19 301.57 14.89 2019/20 (Proj.) Jul 295.05 305.97 81.48 301.42 14.48 filler filler filler filler filler Vegetable Oils 2017/18 186.67 201.12 78.31 176.79 20.83 2018/19 (Est.) 191.90 208.16 84.11 183.60 20.43 filler filler filler filler filler 2019/20 (Proj.) Jun 195.58 211.15 86.09 189.43 19.07 2019/20 (Proj.) Jul 195.69 211.34 86.48 187.97 19.76 filler filler filler filler filler 1/ Aggregate of local marketing years with B razil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. July 2019 WASDE - 590 - 11 U.S. Wheat Supply and Use 1/ 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Jun Jul Million Acres Area Planted 46.1 47.8 45.8 * 45.6 Area Harvested 37.6 39.6 39.0 * 38.4 Bushels Yield per Harvested Acre 46.4 47.6 48.7 * 50.0 Million Bushels Beginning Stocks 1,181 1,099 1,102 1,072 Prod uction 1,741 1,884 1,903 1,921 Imports 158 135 140 140 Supply, Total 3,080 3,118 3,145 3,133 Food 964 960 965 965 Seed 63 60 68 68 Feed and Residual 47 91 140 150 Domestic, Total 1,075 1,110 1,173 1,183 Exports 906 936 900 950 Use, Total 1,981 2,046 2,073 2,133 Ending Stocks 1,099 1,072 1,072 1,000 Avg. Farm Price ($/bu) 2/ 4.72 5.16 5.10 5.20 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2018/19 (Est.) Beginning Stocks 581 191 205 87 35 1,099 Production 662 587 286 272 77 1,884 Supply, Total 3/ 1,248 846 495 365 164 3,118 Domestic Use 411 322 209 81 87 1,110 Exports 331 259 128 196 22 936 Use, Total 742 581 337 277 109 2,046 Ending Stocks, Total 506 265 158 88 55 1,072 2019/20 (Proj.) Beginning Stocks 506 265 158 88 55 1,072 Production 804 542 259 257 58 1,921 Supply, Total 3/ 1,316 875 422 351 168 3,133 Domestic Use 501 292 207 96 88 1,183 Exports 390 260 90 190 20 950 Use, Total 891 552 297 286 108 2,133 Ending Stocks, Total Jul 426 323 125 66 60 1,000 Ending Stocks, Total Jun NA NA NA NA NA NA Note: Totals may not add due to rounding. 1/ Marketi ng year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. * For June, planted acres reported in the March 29, 2019, "Prospective Plantings." Winter wheat area harvested and yield reported in the June 1 1, 2019, "Crop Production." Area harvested and yield for other spring wheat and durum projected using 10- year harvested -to-planted ratios by state and 1985- 2018 yield trends by state (except for Arizona, California, and Idaho durum). For July, area planted, area harvested, yield, and production as reported in the July 11, 2019, "Crop Production." July 2019 WASDE - 590 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2017/18 2018/19 Est. 2019/20 Proj. 2019/2 0 Proj. Jun Jul Million Acres Area Planted 100.9 100.1 100.0 * 102.2 * Area Harvested 90.5 89.6 90.0 * 91.4 * Metric Tons Yield per Harvested Acre 4.24 4.24 4.00 3.99 Million Metric Tons Beginning Stocks 62.1 57.9 59.7 63.4 Product ion 384.1 379.7 359.7 364.9 Imports 2.7 2.5 3.2 3.4 Supply, Total 449.0 440.1 422.6 431.7 Feed and Residual 138.6 139.3 135.6 136.7 Food, Seed & Industrial 185.3 181.8 183.5 183.0 Domestic, Total 323.9 321.1 319.2 319.7 Exports 67.2 55.6 57.2 57.2 Use, Total 391.1 376.7 376.4 376.9 Ending Stocks 57.9 63.4 46.1 54.7 CORN 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Proj. June July Million Acres Area Planted 90.2 89.1 89.8 * 91.7 * Area Harvested 82.7 81.7 82.4 * 83.6 * Bushels Yield per Harvested Acre 176.6 176.4 166.0 * 166.0 * Million Bushels Beginning Stocks 2,293 2,140 2,195 2,340 Production 14,609 14,420 13,680 13,875 Imports 36 35 50 50 Supply, Total 16,939 16,595 15,925 16,265 Feed and Residua l 5,304 5,275 5,150 5,175 Food, Seed & Industrial 2/ 7,057 6,880 6,950 6,930 Ethanol & by -products 3/ 5,605 5,450 5,500 5,500 Domestic, Total 12,361 12,155 12,100 12,105 Exports 2,438 2,100 2,150 2,150 Use, Total 14,798 14,255 14,250 14,255 Ending Stocks 2,140 2,340 1,675 2,010 Avg. Farm Price ($/bu) 4/ 3.36 3.60 3.80 3.70 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by -products including distillers' gr ains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing - year weighted average price received by farmers. * For June, corn area was lowered from the March 29, 2019 "Prospective Plantings" reflecting delayed planting progress observed during t he month of May and into early June. For July, corn area planted and harvested as reported in the June 28, 2019, "Acreage." Projected yield is based on a weather -adjusted trend assuming normal summer growing season weather, lowered to reflect the impact of delayed planting progress observed during the month of May and into early June. July 2019 WASDE - 590 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Jun Jul Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 5.6 5.7 5.1 * 5.1 * Area Harvested (mil. acres) 5.0 5.1 4.6 * 4.6 * Yield (bushels/acre) 71.7 72.1 67.4 * 67.4 * Beginning Stocks 33 35 60 60 Production 362 365 310 309 Imports 2 0 0 0 Supply, Total 397 400 370 369 Feed and Residual 102 155 125 125 Food, Seed & Industrial 60 100 100 100 Total Domestic 162 255 225 225 Exports 200 85 100 100 Use, Total 362 340 325 325 Ending Stocks 35 60 45 44 Avg. Farm Price ($/bu) 2/ 3.22 3.20 3.50 3.40 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Proj. June July Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.5 2.5 2.6 * 2.9 * Area Harvested ( mil. acres) 2.0 2.0 2.1 * 2.3 * Yield (bushels/acre) 73.0 77.4 74.8 * 73.3 * Beginning Stocks 106 94 89 87 Production 143 153 157 171 Imports 9 6 10 10 Supply, Total 259 253 256 267 Feed and Residual 2 7 10 20 Food, Seed & Industrial 157 155 153 153 Total Domestic 159 162 163 173 Exports 5 5 3 3 Use, Total 164 167 166 176 Ending Stocks 94 87 90 91 Avg. Farm Price ($/bu) 2/ 4.47 4.63 4.65 4.55 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Proj . June July Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.6 2.7 2.6 * 2.5 * Area Harvested (mil. acres) 0.8 0.9 0.9 * 0.9 * Yield (bushels/acre) 61.7 64.9 66.7 * 67.8 * Beginning Stocks 50 41 33 37 Production 50 56 60 62 Imports 89 87 100 110 Supply, Total 189 184 193 209 Feed and Residual 68 68 80 90 Food, Seed & Industrial 77 77 78 78 Total Domestic 146 145 158 168 Exports 2 2 2 2 Use, Total 148 147 160 170 Ending Stocks 41 37 33 39 Avg. Farm Price ($/bu) 2 / 2.59 2.68 2.90 2.90 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. * For J une, planted acres reported in the March 29, 2019, "Prospective Plantings." Harvested area for sorghum, barley and oats based on historical average harvested -to-planted ratios. For sorghum the yield is the median yield for 1989 -2018. For barley and oats, projected yields are based on the 1990 -2018 linear trends. Yields shown reflect production rounding. For July, sorghum planted and harvested area as reported in the June 28, 2019, "Acreage." Sorghum yield is the median yield for 1989 -2018. Barley and oat s area planted, area harvested, yield, and production as reported in the July 11, 2019, "Crop Production." July 2019 WASDE - 590 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOT AL RICE 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Jun Jul Million Acres Area Planted 2.46 2.95 2.62 * 2.76 * Area Harvested 2.37 2.92 2.57 * 2.71 * Fil ler Pounds Yield per Harvested Acre 7,507 7,692 7,717 * 7,698 * Million Hundre dweight Beginning Stocks 2/ 46.0 29.4 57.3 51.6 Production 178.2 224.2 198.1 208.7 Imports 27.5 29.0 29.2 29.2 Supply, Total 251.8 282.6 284.6 289.5 Domestic & Residual 3/ 135.4 139.0 133.0 138.0 Exports, Total 4/ 87.1 92.0 100.0 101.0 Rough 28.8 34.0 38.0 38.0 Milled (rough equiv.) 58.2 58.0 62.0 63.0 Use, Total 222.4 231.0 233.0 239.0 Ending Stocks 29.4 51.6 51.6 50.5 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 12.90 12.00 11.70 11.80 Total LONG -GRAIN RICE 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Proj. June July Harvested Acres (mil.) 1.75 2.18 Yield (pounds/acre) 7,314 7,517 Beginning Stocks 31.0 20.3 37.3 33.6 Production 127.9 164.0 139.5 152.1 Supply, Total 7/ 182.2 207.6 200.3 209.2 Domestic & Residual 3/ 98.6 108.0 100.0 106.0 Exports 8/ 63.2 66.0 70.0 72.0 Use, Total 161.9 174.0 170.0 178.0 Ending Stocks 20.3 33.6 30.3 31.2 Avg. Farm Price ($/cwt) 6/ 11.50 10.70 10.50 10.50 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Proj. June July Harvested Acres (mil.) 0.63 0.73 Yield (pounds/acre) 8,048 8,209 Beginning Stocks 11.5 7.6 18.6 16.6 Production 50.4 60.3 58.6 56.6 Supply, Total 7/ 68.2 73.6 82.9 78.9 Domestic & Residual 3/ 36.7 31.0 33.0 32.0 Exports 8/ 23.8 26.0 30.0 29.0 Use, Total 60.6 57.0 63.0 61.0 Ending Stocks 7.6 16.6 19.9 17.9 Avg. F arm Price ($/cwt) 1/ 6/ 9/ 17.00 16.30 15.10 15.80 California 10/ 20.10 18.00 17.00 18.00 Other States 1/ 11.70 12.20 11.00 11.00 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning Aug ust 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2015/16 -2.9; 2016/17 -3.5; 2017/18 -1.4. 3/ Residual includes unreported use, processing losses, and estim ating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the preliminary California SAFP forecast and the final price has averaged $0.98 per cwt from 2014/15 -2017/18, with a high of $3.50 per cwt in 2017/18 and a low of - $0.20 per cwt in 2015/16. 10/ Marketing year beginning October 1. * For June -- Planted acres reported in March 29, 2019, "Prospective Plantings." Harvested acres are estimated using long run harvested -to-planted ratios by rice class. For J uly-- Planted and harvested area reported in June 28, 2019 "Acreage" report. Projected yield is based on by -class trend analysis and prospective planting. July 2019 WASDE - 590 - 15 U.S. Soybeans and Products Supply and Use (Do mestic Measure) 1/ SOYBEANS 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Jun Jul Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 90.2 89.2 84.6 * 80.0 ** Area Harvested 89.5 88.1 83.8 * 79.3 ** Fil ler Bushels Yield per Harvested Acre 49.3 51.6 49.5 * 48.5 ** Million Bushels Beginning Stocks 302 438 1,070 1,050 Production 4,412 4,544 4,150 3,845 Imports 22 17 20 20 Supply, Total 4,735 4,999 5,240 4,915 Crushings 2,055 2,085 2,115 2,115 Exports 2,134 1,700 1,950 1,875 Seed 104 93 96 96 Residual 5 72 34 34 Use, Total 4,297 3,949 4,195 4,120 Ending Stocks 438 1,050 1,045 795 Avg. Farm Price ($/bu) 2/ 9.33 8.50 8.25 8.40 Total SOYBEAN OIL 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Pro j. June July Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,711 1,995 1,950 1,875 Production 4/ 23,772 24,330 24,535 24,535 Imports 335 400 450 450 Supply, Total 25,819 26,725 26,935 26,860 Domestic Disappearance 21,380 22,800 23,600 23,600 Biodiesel 3/ 7,134 8,200 8,700 8,700 Food, Feed & other Industrial 14,247 14,600 14,900 14,900 Exports 2,443 2,050 1,800 1,725 Use, Total 23,823 24,850 25,400 25,325 Ending stocks 1,995 1,875 1,535 1,535 Avg. Price (c/lb) 2/ 30.04 28.00 29.50 29.50 Total SOYBEAN MEAL 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Proj. June July Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 401 555 450 450 Production 4/ 49,226 48,870 49,650 49,650 Import s 483 725 500 500 Supply, Total 50,109 50,150 50,600 50,600 Domestic Disappearance 35,537 35,800 36,600 36,600 Exports 14,016 13,900 13,600 13,600 Use, Total 49,554 49,700 50,200 50,200 Ending Stocks 555 450 400 400 Avg. Price ($/s.t.) 2/ 345.02 310.00 295.00 300.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made from methyl ester as reported by the U.S. Energy Information Admin istration. 4/ Based on an October year crush of 2,085 million bushels for 2018/19 and 2,115 million bushels for 2019/20. *Planted acres are reported in the March 29, 2019 P rospective Plantings report. Harvested acres are based on the 5- year average harves ted-to-planted ratio. The projected yield is based on a weather -adjusted trend model. **Planted and harvested acres are from the June 28, 2019 Acreage report. The projected yield is based on a weather -adjusted trend model and reflects the impact of dela yed planting. July 2019 WASDE - 590 - 16 U.S. Sugar Supply and Use 1/ 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Jun Jul Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning St ocks 1,876 2,008 1,526 1,761 Production 2/ 9,293 8,947 9,138 9,260 Beet Sugar 5,279 4,920 5,154 5,175 Cane Sugar 4,014 4,028 3,985 4,085 Florida 1,983 2,005 2,051 2,051 Hawaii 0 0 0 0 Louisiana 1,862 1,875 1,800 1,900 Texas 169 147 134 134 Imports 3,277 3,091 3,219 2,957 TRQ 3/ 1,663 1,604 1,381 1,568 Other Program 4/ 326 400 350 350 Other 5/ 1,287 1,087 1,488 1,039 Mexico 1,223 997 1,418 969 Total Supply 14,445 14,046 13,883 13,978 Exports 170 35 35 35 Deliveries 12,185 12,250 12,320 12,280 Food 12,048 12,125 12,175 12,175 Other 6/ 137 125 145 105 Miscellaneous 82 0 0 0 Total Use 12,438 12,285 12,355 12,315 Ending Stocks 2,008 1,761 1,528 1,663 Stocks to Use Ratio 16.1 14.3 12.4 13.5 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2018/19 and 2019/20 are based on Crop Production and processor projections where appropriate. 3/ For 2018/19, WTO raw sugar TRQ shortfall (66) and for 2019/20 (99). 4/ Composed of sugar under the re - export and polyhydric alcohol programs. 5/ Imports from Mexico; and high- tier tariff sugar and s yrups not otherwise specified -- for 2018/19 (90) and 2019/20 (70). 6/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total ref iner license transfers for SCP and POLY inclusive of WASDE- reported deliveries: 2017/18 -- 278; estimated 2018/19 -- 324; projected 2019/20 -- 340. Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Producti on Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2018/19 Est. Jun 1,395 6,400 70 4,716 2,153 995 2018/19 Est. Jul 1,395 6,425 70 4,716 2,179 995 2019/20 Proj. Jun 995 6,183 70 4,776 1,476 995 2019/20 Proj. Jul 995 6,248 70 4,776 1,542 995 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2017/18 = 1,593; Estimated Oct -May 2018 = 1,040; Projected 2018/19 = 1,520; Estimated Oct -May 2019 = 1,005; Projected 2019/20 = 1,520. Footn ote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2018/19 (480 est); 2019/20 (480 proj). Other Deliveries/Ending Year Statistical Adjustments: 2018/19 (0), 2019/20 (0). July 2019 WASDE - 590 - 17 U.S. Cotton Supply and Use 1/ 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Jun Jul Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 12.72 14.10 13.78 * 13.72 ** Harvested 11.10 10.21 12.54 * 12.49 ** Fil ler Pounds Yield per Harvested Acre 905 864 842 * 845 ** Million 480 Pound Bales Beginning St ocks 2.75 4.30 4.65 5.00 Production 20.92 18.37 22.00 22.00 Imports 0.00 0.01 0.01 0.01 Supply, Total 23.68 22.67 26.66 27.01 Domestic Use 3.23 3.00 3.10 3.10 Exports, Total 15.85 14.50 17.00 17.00 Use, Total 19.07 17.50 20.10 20.10 Unaccounted 2/ 0.30 0.17 0.16 0.21 Ending Stocks 4.30 5.00 6.40 6.70 Avg. Farm Price 3/ 68.6 70.0 64.0 63.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. *Planted area as reported in March 29, 2019 Prospective Plantings. Harvested area based on 10 -year average ab andonment by region, with the Southwest adjusted to reflect favorable moisture conditions. Yield based on 5 -year average yields by region. July 2019 WASDE - 590 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 262.08 761.88 179.78 146.61 742.91 182.04 281.06 World Less China 147.15 627.55 175.78 129.11 621.91 181.04 149.80 United States 32.13 47.38 4.30 1.29 29.25 24.66 29.91 Total Foreign 229.95 714.50 175.48 145.33 713.66 157.38 251.15 Major Exporters 4/ 36.16 332.71 6.96 89.87 205.54 130.95 39.34 Argentina 0.25 18.50 0.00 0.05 5.45 12.66 0.64 Australia 5.73 20.94 0.16 4.00 7.48 13.85 5.51 Canada 6.86 29.98 0.45 4.52 9.42 21.95 5.92 European Union 5/ 10.72 151.14 5.82 58.00 130.40 23.29 14.00 Russia 10.83 85.17 0.47 20.00 43.00 41.42 12.04 Ukraine 1.77 26.98 0.06 3.30 9.80 17.78 1.24 Major Importers 6/ 160.50 202.93 115.28 37.60 290.24 12.24 176.23 Bangladesh 1.88 1.15 6.15 0.00 7.50 0.00 1.69 Brazil 2.26 4.26 7.02 0.50 12.00 0.23 1.31 China 114.93 134.33 4.00 17.50 121.00 1.00 131.26 Japan 1.21 0.97 5.88 0.75 6.60 0.28 1.18 N. Africa 7/ 14.15 19.25 27.45 2.25 45.23 0.83 14.79 Nigeria 0.20 0.07 5.09 0.05 4.75 0.40 0.20 Sel. Mideast 8/ 16.67 18.36 18.27 4.11 37.91 0.83 14.56 Southeast Asia 9/ 5.60 0.00 25.87 8.94 25.39 1.04 5.03 Selected Other India 9.80 98.51 1.17 5.00 95.68 0.57 13.23 Kazakhstan 3.36 14.80 0.10 2.10 6.90 9.00 2.37 2018/19 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Endi ng Stocks World 3/ 281.06 730.90 173.92 140.08 736.81 175.26 275.15 World Less China 149.80 599.47 170.72 120.08 611.81 174.06 135.45 United States 29.91 51.29 3.67 2.47 30.22 25.48 29.18 Total Foreign 251.15 679.61 170.25 137.62 706.60 149.78 245.97 Major Exporters 4/ 39.34 302.56 7.06 82.35 196.35 122.70 29.91 Argentina 0.64 19.50 0.01 0.05 5.75 13.00 1.39 Australia 5.51 17.30 0.30 5.70 9.20 9.00 4.91 Canada 5.92 31.80 0.45 4.10 9.00 24.50 4.67 European U nion 5/ 14.00 137.22 5.70 52.00 123.10 24.00 9.81 Russia 12.04 71.69 0.50 18.00 40.50 36.00 7.73 Ukraine 1.24 25.06 0.10 2.50 8.80 16.20 1.40 Major Importers 6/ 176.23 199.70 112.32 38.48 294.36 12.03 181.86 Bangladesh 1.69 1.00 5.00 0.00 7.00 0.00 0.69 Brazil 1.31 5.43 7.30 0.50 12.10 0.60 1.34 China 131.26 131.43 3.20 20.00 125.00 1.20 139.69 Japan 1.18 0.88 5.80 0.68 6.53 0.27 1.06 N. Africa 7/ 14.79 21.00 27.10 2.25 46.08 0.71 16.11 Nigeria 0.20 0.06 4.90 0.05 4.56 0.40 0.20 Sel. Mideast 8/ 14.56 17.88 17.07 3.56 37.85 0.55 11.11 Southeast Asia 9/ 5.03 0.00 26.45 8.44 25.64 1.06 4.78 Selected Other India 13.23 99.87 0.02 5.00 95.63 0.50 16.99 Kazakhstan 2.37 13.95 0.08 1.80 6.60 8.50 1.29 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due t o differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2019 WASDE - 590 - 19 World Wheat Supply and Use 1/ (Cont'd. ) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jun 276.57 780.83 179.98 152.56 763.06 185.40 294.34 Jul 275.15 771.46 178.91 151.17 760.15 183.11 286.46 World Less China Jun 136.58 648.83 176.48 131.56 635.06 184.10 148.15 Jul 135.45 639.46 175.41 130.17 632.15 181.81 140.57 United States Jun 29.99 51.78 3.81 3.81 31.92 24.49 29.16 Jul 29.18 52.28 3.81 4.08 32.20 25.86 27.22 Total For eign Jun 246.59 729.05 176.17 148.75 731.14 160.90 265.18 Jul 245.97 719.18 175.10 147.09 727.95 157.25 259.25 Major Exporters 4/ Jun 29.70 338.80 6.69 89.45 204.05 134.50 36.63 Jul 29.91 328.80 6.69 87.55 202.05 131.00 32.34 Argentina Jun 1.39 20.00 0.01 0.05 5.95 14.00 1.45 Jul 1.39 20.00 0.01 0.05 5.95 14.00 1.45 Australia Jun 4.81 22.50 0.15 5.50 9.00 13.50 4.96 Jul 4.91 21.00 0.15 5.00 8.50 12.50 5.06 Canada Jun 4.77 34.50 0.45 4.50 9.50 24.00 6.22 Jul 4.67 33.30 0.45 4.30 9.30 24.00 5.12 European Union 5/ Jun 9.61 153.80 5.50 56.50 128.00 26.50 14.41 Jul 9.81 151.30 5.50 56.50 128.00 27.00 11.61 Russia Jun 7.73 78.00 0.50 19.00 41.50 37.00 7.73 Jul 7.73 74.20 0.50 18.00 40.50 34.50 7.43 Ukraine Jun 1.38 30.00 0.08 3.90 10.10 19.50 1.86 Jul 1.40 29.00 0.08 3.70 9.80 19.00 1.67 Major Importers 6/ Jun 182.00 204.97 116.89 40.46 301.48 12.85 189.52 Jul 181.86 204.97 116.12 40.26 300.86 12.85 189.23 Bangladesh Jun 0.69 1.10 6.50 0.00 7.30 0.00 0.99 Jul 0.69 1.10 6.50 0.00 7.30 0.00 0.99 Brazil Jun 1.49 5.30 7.50 0.50 12.20 0.60 1.49 Jul 1.34 5.30 7.50 0.50 12.20 0.60 1.34 China Jun 139.99 132.00 3.50 21.00 128.00 1.30 146.19 Jul 139.69 132.00 3.50 21.00 128.00 1.30 145.89 Japan Jun 1.06 0.95 5.90 0.70 6.50 0.28 1.13 Jul 1.06 0.95 5.90 0.70 6.50 0.28 1.13 N. Africa 7/ Jun 15.87 18.87 27.40 2.25 46.65 0.69 14.80 Jul 16.11 18.87 27.40 2.25 46.65 0.69 15.04 Nigeria Jun 0.20 0.06 5.30 0.05 4.96 0.40 0.20 Jul 0.20 0.06 5.20 0.05 4.86 0.40 0.20 Sel. Mideast 8/ Jun 11.24 22.46 17.39 3.92 39.01 0.72 11.36 Jul 11.11 22.46 17.32 3.92 38.99 0.72 11.18 Southeast Asia 9/ Jun 5.08 0.00 28.30 8.94 26.92 1.07 5.40 Jul 4.78 0.00 27.70 8.74 26.42 1.07 5.00 Selected Other India Jun 17.64 101.20 0.02 5.50 97.00 0.50 21.36 Jul 16.99 101.20 0.02 6.00 98.00 0.50 19.71 Kazakhstan Jun 1.29 13.80 0.06 1.80 6.60 7.50 1.05 Jul 1.29 14.00 0.06 1.80 6.60 7.50 1.25 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, g rain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2019 WASDE - 590 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 385.71 1,360.06 187.65 837.29 1,376.92 185.91 368.84 World Less China 161.36 1,093.24 171.23 638.04 1,092.77 185.85 145.47 United Sta tes 62.17 384.39 2.93 138.73 324.41 67.16 57.92 Total Foreign 323.54 975.67 184.73 698.55 1,052.52 118.75 310.92 Major Exporters 4/ 38.41 252.15 3.69 126.38 170.30 98.80 25.15 Argentina 6.70 39.32 0.01 11.93 17.46 25.00 3.56 Austra lia 2.65 12.19 0.00 3.94 5.81 6.80 2.23 Brazil 14.49 85.06 1.46 57.70 68.18 25.13 7.71 Canada 5.56 26.24 1.77 15.92 23.23 5.78 4.57 Russia 2.06 41.72 0.13 21.57 31.02 11.52 1.37 Ukraine 3.01 34.07 0.05 8.44 11.82 22.50 2.81 Major Importers 5/ 38.25 245.19 133.72 283.80 368.02 10.02 39.12 European Union 6/ 15.11 152.31 19.40 121.05 162.57 7.92 16.34 Japan 1.69 0.19 17.58 13.75 17.75 0.00 1.71 Mexico 6.00 33.19 16.36 29.20 48.41 0.96 6.18 N. Afr & Mideast 7/ 7.13 29.07 39.14 59.33 67.45 0.13 7.77 Saudi Arabia 2.54 0.26 11.99 12.28 12.70 0.00 2.08 Southeast Asia 8/ 3.29 29.89 14.54 36.17 44.39 1.01 2.33 South Korea 1.81 0.20 10.19 7.80 10.31 0.00 1.90 Selected Other China 224.34 266.82 16.43 199.25 284.15 0.06 223.38 2018/19 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 368.84 1,395.83 195.74 849.19 1,409.81 203.9 6 354.86 World Less China 145.47 1,130.42 183.86 651.04 1,119.64 203.89 144.43 United States 57.92 379.92 2.81 139.48 321.62 55.64 63.40 Total Foreign 310.92 1,015.91 192.92 709.71 1,088.20 148.33 291.45 Major Exporters 4/ 25.15 291.73 5.11 124.79 169.42 127.20 25.36 Argentina 3.56 58.62 0.01 12.50 18.26 38.26 5.67 Australia 2.23 10.93 0.00 3.83 5.90 5.12 2.15 Brazil 7.71 104.31 1.60 58.94 70.44 35.05 8.12 Canada 4.57 26.24 2.26 16.34 23.60 6.05 3.42 Russia 1.37 35.00 0.10 18.70 27.27 8.20 1.00 Ukraine 2.81 44.50 0.06 7.91 11.11 33.53 2.73 Major Importers 5/ 39.12 242.07 143.81 295.89 380.69 9.54 34.77 European Union 6/ 16.34 147.15 24.77 126.00 167.97 7.56 12.72 Japan 1.71 0.18 17.27 13.52 17.51 0.00 1.64 Mexico 6.18 32.50 17.61 31.02 50.26 0.80 5.24 N. Afr & Mideast 7/ 7.77 31.51 39.94 62.71 70.89 0.20 8.14 Saudi Arabia 2.08 0.29 12.61 12.75 13.23 0.00 1.75 Southeast Asia 8/ 2.33 30.17 17.07 37.49 45.71 0.99 2.87 South Korea 1.90 0.20 10.34 8.06 10.57 0.00 1.88 Selected Other China 223.38 265.41 11.88 198.15 290.17 0.07 210.42 1/ Aggregate of local marketing years. Coarse grains include corn, sorg hum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia and Ukraine. 5/ The European Union, Japan, Mexico, selected North Africa and Mid dle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2019 WASDE - 590 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jun 351.67 1,389.47 201.16 857.04 1,421.40 204.73 319.74 Jul 354.86 1,395.51 202.00 857.28 1,422.32 206.09 328.05 World Less China Jun 141.26 1,127.00 186.11 659.94 1,125.95 204.67 127.31 Jul 144.43 1,133.03 186.95 660.18 1,126.87 206.03 135.61 United States Jun 59.71 359.93 3.52 135.87 319.76 57.25 46.15 Jul 63.40 365.13 3.69 136.84 320.23 57.25 54.75 Total Foreign Jun 291.95 1,029.54 197.64 721.18 1,101.64 147.48 273.59 Jul 291.45 1,030.37 198.31 720.44 1,102.09 148.84 273.30 Major Exporters 4/ Jun 25.37 299.37 2.93 129.13 175.67 125.73 26.28 Jul 25.36 300.57 2.93 128.88 175.42 127.13 26.32 Argentina Jun 4.67 57.26 0.01 13.18 19.64 36.31 5.99 Jul 5.67 57.26 0.01 13.18 19.64 36.31 6.99 Australia Jun 2.07 12.75 0.00 4.50 6.57 6.17 2.09 Jul 2.15 12.70 0.00 4.45 6.52 6.17 2.17 Brazil Jun 9.12 104.46 1.60 61.07 73.55 34.01 7.62 Jul 8.12 104.46 1.60 61.07 73.55 34.01 6.62 Canada Jun 3.52 28.36 1.03 16.10 23.36 5.46 4.09 Jul 3.42 29.21 1.03 16.10 23.36 6.16 4.14 Russia Jun 1.00 38.90 0.09 19.20 27.95 10.59 1.45 Jul 1.00 38.80 0.09 19.20 27.95 10.59 1.35 Ukraine Jun 2.72 43.05 0.03 8.41 11.63 31.69 2.48 Jul 2.73 43.55 0.03 8.21 11.43 32.39 2.50 Major Importers 5/ Jun 35.25 255.22 145.12 301.06 386.71 11.13 37.76 Jul 34.77 255.22 145.30 301.06 386.88 11.13 37.28 European Union 6/ Jun 12.67 156.53 21.01 124.80 167.32 8.36 14.53 Jul 12.72 156.53 21.01 124.80 167.32 8.36 14.58 Japan Jun 1.64 0.18 17.37 13.52 17.61 0.00 1.58 Jul 1.64 0.18 17.37 13.52 17.61 0.00 1.58 Mexico Jun 5.74 33.10 19.01 32.41 51.99 1.50 4.36 Jul 5.24 33.10 19.01 32.41 51.99 1.50 3.86 N. Afr & Mideast 7/ Jun 8.17 33.12 42.32 65.33 73.56 0.29 9.75 Jul 8.14 33.12 42.32 65.33 73.56 0.29 9.72 Saudi Arabia Jun 1.75 0.25 14.01 13.55 14.00 0.00 2.02 Jul 1.75 0.25 14.01 13.55 14.00 0.00 2.02 Southeast Asia 8/ Jun 2.87 31.76 16.59 38.86 46.83 0.99 3.40 Jul 2.87 31.76 16.76 38.86 47.01 0.99 3.40 South Korea Jun 1.88 0.20 10.63 8.26 10.85 0.00 1.85 Jul 1.88 0.20 10.63 8.26 10.85 0.00 1.85 Selected Other China Jun 210.41 262.48 15.05 197.10 295.45 0.06 192.43 Jul 210.42 262.48 15.05 197.10 295.45 0.06 192.44 1/ Aggregate of local marketing years. Coarse grains include corn, s orghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia and Ukraine. 5/ The European Union, Japan, Mexico, selected North Africa and Mid dle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2019 WASDE - 590 - 22 World Co rn Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 351.45 1,077.98 149.93 673.01 1,090.14 148.75 339.30 World Less China 128.44 818.91 146.48 486.01 827.14 148.73 116.78 United States 58.25 371.10 0.92 134.74 313.98 61.92 54.37 Total Foreign 293.20 706.89 149.02 538.27 776.16 86.83 284.94 Major Exporters 4/ 25.32 164.42 1.18 82.63 103.63 73.26 14.03 Argentina 5.27 32.00 0.01 8.50 12.40 22.50 2.38 Brazil 14.02 82.00 0.92 55.00 64.50 25.12 7.31 Russia 0.78 13.20 0.05 7.40 8.30 5.53 0.20 South Africa 3.70 13.10 0.17 6.83 12.23 2.07 2.67 Ukraine 1.55 24.12 0.04 4.90 6.20 18.04 1.47 Major Importers 5/ 21.97 125.99 88.35 154.70 208.85 3.72 23.74 Egypt 1.89 6.40 9.46 13.40 15.90 0.01 1.84 European Union 6/ 7.60 62.03 18.47 57.00 76.50 1.75 9.84 Japan 1.32 0.00 15.67 12.00 15.60 0.00 1.39 Mexico 5.41 27.57 16.13 24.30 42.50 0.96 5.65 Southeast Asia 7/ 3.28 29.84 14.20 36.10 44.00 1.00 2.32 South Korea 1.80 0.07 10.02 7.70 10.00 0.00 1.89 Selected Other 0.00 Canada 2.57 14.10 1.70 8.87 14.02 1.94 2.42 China 223.02 259.07 3.46 187.00 263.00 0.02 222.53 2018/19 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 339.30 1,122.69 163.84 698.93 1,133.24 172.38 328.75 World Less China 116.78 865.36 158.84 506.93 858.24 172.36 118.92 United States 54.37 366.29 0.89 133.99 308.75 53.34 59.45 Total Foreign 284.94 756.40 162.95 564.94 824.49 119.04 269.30 Major Exporters 4/ 14.03 210.72 2.10 84.50 107.10 103.50 16.24 Argentina 2.38 51.00 0.01 9.70 13.80 35.00 4.58 Brazil 7.31 101.00 1.00 56.00 66.50 35.00 7.81 Russia 0.20 11.42 0.05 7.50 8.40 3.00 0.26 South Africa 2.67 11.50 1.00 6.50 12.20 1.00 1.97 Ukraine 1.47 35.81 0.04 4.80 6.20 29.50 1.61 Major Importers 5/ 23.74 127.18 96.60 168.00 222.55 4.29 20.68 Egypt 1.84 6.80 9.70 13.70 16.20 0.01 2.13 European Union 6/ 9.84 63.40 23.50 67.00 87.00 2.50 7.24 Japan 1.39 0.00 15.50 11.90 15.50 0.00 1.40 Mexico 5.65 26.70 17.00 25.70 43.90 0.80 4.65 Southeast Asia 7/ 2.32 30.12 16.60 37.40 45.20 0.98 2.86 South Korea 1.89 0.08 10.20 8.00 10.30 0.00 1.86 Selected Other 0.00 Canada 2.42 13.90 2.20 9.30 14.50 2.00 2.02 China 222.53 257.33 5.00 192.00 275.00 0.02 209.84 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not bal ance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excl udes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2019 WASDE - 590 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jun 325.38 1,099.19 167.43 696.25 1,134.05 169.84 290.52 Jul 328.75 1,105.14 167.83 696.49 1,134.97 170.84 298.92 World Less China Jun 115.54 845.19 160.43 506.25 855.05 169.82 98.71 Jul 118.92 851.14 160.83 506.49 855.97 170.82 107.10 United States Jun 55.77 347.49 1.27 130.82 307.35 54.61 42.56 Jul 59.45 352.44 1.27 131.45 307.48 54.61 51.07 Total Foreign Jun 269.61 751.70 166.16 565.44 826.69 115.23 247.96 Jul 269.30 752.70 166.56 565.04 827.49 116.23 247.85 Major Exporters 4/ Jun 16.23 211.50 1.17 87.50 111.70 101.00 16.19 Jul 16.24 212.50 1.17 87.50 111.70 102.00 16.21 Argentina Jun 3.58 50.00 0.01 10.30 15.00 33.50 5.09 Jul 4.58 50.00 0.01 10.30 15.00 33.50 6.09 Brazil Jun 8.81 101.00 1.00 58.00 69.50 34.00 7.31 Jul 7.81 101.00 1.00 58.00 69.50 34.00 6.31 Russia Jun 0.26 13.50 0.04 7.60 8.50 5.00 0.30 Jul 0.26 13.50 0.04 7.60 8.50 5.00 0.30 South Africa Jun 1.97 14.00 0.10 6.60 12.30 1.50 2.27 Jul 1.97 14.00 0.10 6.60 12.30 1.50 2.27 Ukraine Jun 1.60 33.00 0.02 5.00 6.40 27.00 1.22 Jul 1.61 34.00 0.02 5.00 6.40 28.00 1.23 Major Importers 5/ Jun 21.18 130.27 95.10 165.60 221.15 4.49 20.91 Jul 20.68 130.27 95.10 165.60 221.15 4.49 20.41 Egypt Jun 2.13 7.20 10.00 14.40 16.90 0.01 2.42 Jul 2.13 7.20 10.00 14.40 16.90 0.01 2.42 European Union 6/ Jun 7.24 64.20 20.00 61.00 81.50 2.00 7.94 Jul 7.24 64.20 20.00 61.00 81.50 2.00 7.94 Japan Jun 1.40 0.00 15.60 11.90 15.60 0.00 1.40 Jul 1.40 0.00 15.60 11.90 15.60 0.00 1.40 Mexico Jun 5.15 27.00 18.50 27.00 45.50 1.50 3.65 Jul 4.65 27.00 18.50 27.00 45.50 1.50 3.15 Southeast Asia 7/ Jun 2.86 31.71 16.40 38.80 46.60 0.98 3.39 Jul 2.86 31.71 16.40 38.80 46.60 0.98 3.39 South Korea Jun 1.86 0.08 10.50 8.20 10.60 0.00 1.84 Jul 1.86 0.08 10.50 8.20 10.60 0.00 1.84 Selected Other Canada Jun 2.02 14.00 1.00 8.50 13.70 1.50 1.82 Jul 2.02 14.00 1.00 8.50 13.70 1.50 1.82 China Jun 209.84 254.00 7.00 190.00 279.00 0.02 191.82 Jul 209.84 254.00 7.00 190.00 279.00 0.02 191.82 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukr aine. 5/ Egypt, the European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2019 WASDE - 590 - 24 World Rice Supp ly and Use (Milled Basis) 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 149.62 494.88 46.76 482.21 47.12 162.29 World Less China 51.12 346.01 41.26 339.72 45.73 53.29 United States 1.46 5.66 0.87 4.30 2.76 0.93 Total Foreign 148.16 489.22 45.89 477.91 44.35 161.36 Major Exporters 4/ 27.64 181.69 0.76 144.77 36.45 28.88 Burma 0.55 13.20 0.01 10.20 2.75 0.81 India 20.55 112.76 0.00 98.67 12.04 22.60 Pakistan 1.34 7.50 0.00 3.40 4.01 1.42 Thailand 4.24 20.58 0.25 11.00 11.06 3.01 Vietnam 0.97 27.66 0.50 21.50 6.59 1.03 Major Importers 5/ 108.57 241.05 21.36 248.10 1.82 121.06 China 98.50 148.87 5.50 142.49 1.39 109.00 European Union 6/ 1.19 2.03 2.01 3.70 0.35 1.18 Indonesia 2.92 37.00 2.35 38.10 0.00 4.16 Nigeria 1.74 4.66 2.00 6.90 0.00 1.50 Philippines 2.00 12.24 1.30 13.25 0.00 2.29 Sel. Mideast 7/ 0.86 2.22 3.63 5.81 0.00 0.91 Selected Other 0.00 Brazil 0.53 8.20 0.56 7.75 1.15 0.39 C. Amer & Carib 8/ 0.68 1.64 1.66 3.27 0.04 0.68 Egypt 1.43 4.30 0.09 4.20 0.05 1.56 Japan 2.41 7.79 0.69 8.60 0.06 2.23 Mexico 0.17 0.18 0.81 0.87 0.10 0.20 South Korea 2.00 3.97 0.40 4.75 0.06 1.56 2018/19 Est. Beginning Sto c ks Production Imports Total /2 Dom estic Exports Ending Sto c ks World 3/ 162.29 498.65 44.50 490.03 46.19 170.91 World Less China 53.29 350.16 41.10 346.44 43.39 56.41 United States 0.93 7.12 0.92 4.41 2.92 1.64 Total Foreign 161.36 491.53 43.58 485.62 43.27 169.27 Major Exporters 4/ 28.88 184.47 0.66 147.01 34.60 32.40 Burma 0.81 13.18 0.01 10.33 2.80 0.87 India 22.60 115.63 0.00 100.73 12.00 25.50 Pakistan 1.42 7.40 0.00 3.45 4.10 1.27 Thailand 3.01 20.55 0.25 11.00 9.20 3.61 Vietnam 1.03 27.71 0.40 21.50 6.50 1.15 Major Importers 5/ 121.06 242.48 17.30 250.70 3.21 126.93 China 109.00 148.49 3.40 143.59 2.80 114.50 European Union 6/ 1.18 1.98 2.00 3.76 0.30 1.10 Indonesia 4.16 37.10 0.40 38.00 0.00 3.66 Nigeria 1.50 4.79 2.10 7.10 0.00 1.29 Philippines 2.29 11.80 3.50 14.10 0.00 3.49 Sel. Mideast 7/ 0.91 2.01 3.85 5.90 0.00 0.87 Selected Other 0.00 Brazil 0.39 7.31 0.83 7.60 0.65 0.28 C. Amer & Carib 8/ 0.68 1.69 1.76 3.41 0.04 0.67 Egypt 1.56 2.80 0.80 4.05 0.02 1.09 Japan 2.23 7.65 0.69 8.56 0.06 1.95 Mexico 0.20 0.19 0.82 0.89 0.09 0.22 South Korea 1.56 3.87 0.41 4.71 0.10 1.02 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. July 2019 WASDE - 590 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Jun 170.21 497.62 44.45 495.95 47.18 171.87 Jul 170.91 497.82 44.16 496.08 46.91 172.65 World Less China Jun 55.71 351.62 40.95 351.25 43.88 55.87 Jul 56.41 351.82 40.76 351.48 43.61 56.65 United States Jun 1.82 6.29 0.93 4.22 3.18 1.64 Jul 1.64 6.63 0.93 4.38 3.21 1.60 Total Foreign Jun 168.39 491.33 43.52 491.73 44.01 170.23 Jul 169.27 491.19 43.23 491.69 43.71 171.05 Major Exporters 4/ Jun 31.71 184.70 0.66 149.00 35.10 32.97 Jul 32.40 184.70 0.66 149.05 34.80 33.91 Burma Jun 0.87 13.30 0.01 10.50 2.60 1.08 Jul 0.87 13.30 0.01 10.50 2.60 1.08 India Jun 25.00 115.00 0.00 102.00 12.00 26.00 Jul 25.50 115.00 0.00 102.00 12.00 26.50 Pakistan Jun 1.32 7.50 0.00 3.60 4.00 1.22 Jul 1.27 7.50 0.00 3.55 4.00 1.22 Thailand Jun 3.37 20.90 0.25 10.90 10.00 3.62 Jul 3.61 20.90 0.25 11.00 9.70 4.06 Vietnam Jun 1.15 28.00 0.40 22.00 6.50 1.05 Jul 1.15 28.00 0.40 22.00 6.50 1.05 Major Importers 5/ Jun 126.63 241.28 16.68 252.81 3.71 128.07 Jul 126.93 241.28 16.38 252.86 3.71 128.02 China Jun 114.50 146.00 3.50 144.70 3.30 116.00 Jul 114.50 146.00 3.40 144.60 3.30 116.00 European Union 6/ Jun 1.10 2.04 2.00 3.75 0.30 1.09 Jul 1.10 2.04 2.00 3.75 0.30 1.09 Indonesia Jun 3.66 37.40 0.50 38.00 0.00 3.56 Jul 3.66 37.40 0.50 38.00 0.00 3.56 Nigeria Jun 1.09 4.90 2.40 7.30 0.00 1.09 Jul 1.29 4.90 2.20 7.30 0.00 1.09 Philippines Jun 3.39 12.20 2.70 14.45 0.00 3.84 Jul 3.49 12.20 2.70 14.60 0.00 3.79 Sel. Mideast 7/ Jun 0.87 2.03 3.88 6.06 0.00 0.73 Jul 0.87 2.03 3.88 6.06 0.00 0.73 Selected Other Brazil Jun 0.28 7.34 0.90 7.65 0.55 0.33 Jul 0.28 7.21 0.90 7.55 0.55 0.29 C. Amer & Carib 8/ Jun 0.67 1.64 1.83 3.43 0.04 0.67 Jul 0.67 1.64 1.83 3.43 0.04 0.67 Egypt Jun 1.09 3.05 0.60 3.90 0.01 0.83 Jul 1.09 3.05 0.60 3.90 0.01 0.83 Japan Jun 1.95 7.70 0.69 8.48 0.06 1.79 Jul 1.95 7.70 0.69 8.48 0.06 1.79 Mexico Jun 0.22 0.20 0.79 0.91 0.10 0.20 Jul 0.22 0.20 0.79 0.91 0.10 0.20 South Korea Jun 1.07 3.88 0.41 4.50 0.06 0.81 Jul 1.02 3.88 0.41 4.48 0.06 0.78 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ B angladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. July 2019 WASDE - 590 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2017/18 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 80.31 123.78 41.02 122.68 41.02 0.45 80.97 World Less China 34.39 96.28 35.29 81.68 40.89 0.45 42.95 United States 2.75 20.92 3/ 3.23 15.85 0.30 4.30 Total Foreign 77.56 102.86 41.02 119.45 25.17 0.15 76.67 Major Exporters 4/ 21.94 57.10 2.46 32.75 21.79 0.02 26.94 Central Asia 5/ 2.18 6.50 3/ 3.38 2.60 0.00 2.71 Afr. Fr. Zone 6/ 1.46 5.44 3/ 0.14 5.06 0.00 1.70 S. Hemis. 7/ 10.21 15.70 0.24 4.44 8.63 0.01 13.07 Australia 2.19 4.80 3/ 0.04 3.92 0.00 3.04 Brazil 6.93 9.22 0.08 3.40 4.17 0.00 8.66 India 7.88 29.00 1.68 24.15 5.18 0.00 9.23 Major Importers 8/ 54.17 42.93 35.91 82.66 2.34 0.12 47.88 Mexico 0.45 1.56 0.93 1.90 0.35 0.03 0.66 China 45.92 27.50 5.73 41.00 0.13 0.00 38.02 Euro pean Union 9/ 0.18 1.53 0.73 0.76 1.37 0.04 0.28 Turkey 1.53 4.00 4.02 7.45 0.33 0.00 1.78 Pakistan 2.32 8.20 3.30 10.80 0.16 0.03 2.83 Indonesia 0.62 3/ 3.50 3.50 0.01 0.00 0.62 Thailand 0.20 3/ 1.15 1.13 0.00 0.03 0.20 Bangladesh 1.63 0.14 7.60 7.50 0.00 0.01 1.86 Vietnam 0.88 3/ 6.95 6.60 0.00 0.00 1.24 2018/19 Est. Beginning Sto c ks Production Imports Dom estic Use Exports Loss /2 Ending Sto c ks World 80.97 119.32 41.41 121.07 41.05 0.31 79.27 World Less China 42.95 91.57 32.16 81.57 40.90 0.31 43.91 United States 4.30 18.37 0.01 3.00 14.50 0.17 5.00 Total Foreign 76.67 100.96 41.41 118.07 26.55 0.14 74.27 Major Exporters 4/ 26.94 55.32 2.14 34.19 22.40 0.02 27.79 Central Asia 5/ 2.71 5.40 3/ 3.82 1.80 0.00 2.49 Afr. Fr. Zone 6/ 1.70 5.41 3/ 0.14 5.37 0.00 1.59 S. Hemis. 7/ 13.07 17.37 0.19 4.56 10.99 0.01 15.07 Australia 3.04 2.40 3/ 0.04 3.60 0.00 1.80 Brazil 8.66 12.80 0.05 3.50 6.20 0.00 11.81 India 9.23 26.50 1.50 25.00 3.80 0.00 8.43 Major Importers 8/ 47.88 42.70 36.77 79.69 2.88 0.11 44.67 Mexico 0.66 1.69 0.85 1.95 0.50 0.03 0.72 China 38.02 27.75 9.25 39.50 0.15 0.00 35.37 European Union 9/ 0.28 1.72 0.69 0.75 1.65 0.03 0.26 Turkey 1.78 3.70 3.20 6.60 0.50 0.00 1.58 Pakistan 2.83 7.70 2.90 10.60 0.08 0.03 2.73 Indonesia 0.62 3/ 3.00 3.10 0.01 0.00 0.51 Thailand 0.20 3/ 1.15 1.13 0.00 0.03 0.20 Bangladesh 1.86 0.14 6.90 7.10 0.00 0.01 1.78 Vietnam 1.24 3/ 7.00 7.10 0.00 0.00 1.14 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Seneg al, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regi ons listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. July 201 9 WASDE - 590 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2019/20 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Jun 77.53 125.32 44.74 125.27 44.75 0.31 77.26 Jul 79.27 125.79 44.12 124.27 44.15 0.34 80.42 World Less China Jun 43.16 97.57 34.24 84.27 44.63 0.31 45.76 Jul 43.91 98.04 33.62 83.77 44.03 0.34 47.43 United States Jun 4.65 22.00 0.01 3.10 17.00 0.16 6.40 Jul 5.00 22.00 0.01 3.10 17.00 0.21 6.70 filler filler filler filler filler filler filler Total Foreign Jun 72.88 103.32 44.74 122.17 27.75 0.16 70.86 Jul 74.27 103.79 44.11 121.17 27.15 0.13 73.72 Major Exporters 4/ Jun 26.73 56.78 2.14 34.81 23.64 0.02 27.18 Jul 27.79 57.22 2.14 35.11 23.01 0.02 29.00 Central Asia 5/ Jun 2.29 5.82 3/ 3.99 1.79 0.00 2.33 Jul 2.49 5.76 3/ 4.09 1.79 0.00 2.37 Afr. Fr. Zone 6/ Jun 1.59 6.01 3/ 0.14 5.61 0.00 1.85 Jul 1.59 6.01 3/ 0.14 5.61 0.00 1.85 S. Hemis. 7/ Jun 14.86 15.97 0.21 4.67 11.17 0.01 15.19 Jul 15.07 15.97 0.21 4.67 10.97 0.01 15.60 Australia Jun 1.20 1.90 3/ 0.04 1.80 0.00 1.27 Jul 1.80 1.90 3/ 0.04 1.80 0.00 1.87 filler filler filler filler filler filler filler Brazil Jun 12.21 12.00 0.08 3.60 8.20 0.00 12.48 Jul 11.81 12.00 0.08 3.60 8.00 0.00 12.28 India Jun 7.78 28.50 1.40 25.30 4.80 0.00 7.58 Jul 8.43 29.00 1.40 25.50 4.40 0.00 8.93 Major Importers 8/ Jun 44.23 43.52 40.00 83.09 2.88 0.14 41.65 Jul 44.67 43.52 39.41 81.79 2.90 0.11 42.79 Mexico Jun 0.72 1.75 0.85 2.00 0.55 0.03 0.75 Jul 0.72 1.75 0.85 2.00 0.55 0.03 0.75 China Jun 34.37 27.75 10.50 41.00 0.13 0.00 31.49 Jul 35.37 27.75 10.50 40.50 0.13 0.00 32.99 Europea n Union 9/ Jun 0.26 1.78 0.67 0.73 1.67 0.05 0.26 Jul 0.26 1.78 0.67 0.73 1.69 0.03 0.26 Turkey Jun 1.63 4.10 3.00 6.70 0.38 0.00 1.65 Jul 1.58 4.10 3.00 6.70 0.38 0.00 1.60 Pakistan Jun 2.83 8.00 2.90 10.70 0.15 0.03 2.86 Jul 2.73 8.00 3.00 10.70 0.15 0.03 2.86 Indonesia Jun 0.61 3/ 3.20 3.20 0.01 0.00 0.61 Jul 0.51 3/ 3.30 3.20 0.01 0.00 0.61 Thailand Jun 0.20 3/ 1.18 1.15 0.00 0.03 0.21 Jul 0.20 3/ 1.18 1.15 0.00 0.03 0.21 Bangladesh Jun 1.98 0.14 8.30 8.30 0.00 0.01 2.11 Jul 1.78 0.14 7.30 7.40 0.00 0.01 1.81 Vietnam Jun 1.24 3/ 7.60 7.50 0.00 0.00 1.34 Jul 1.14 3/ 7.80 7.60 0.00 0.00 1.34 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indica ted ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. July 2019 WASDE - 590 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 96.16 341.53 152.92 295.14 338.43 153.08 99.10 World Less China 75.50 326.33 58.82 205.14 232.13 152.95 75.57 United States 8.21 120.07 0.59 55.93 58.87 58.07 11.92 Total Foreign 87.95 221.47 152.32 239.21 279.55 95.01 87.17 Major Exporters 3/ 60.64 171.43 4.89 85.39 94.17 85.57 57.23 Argentina 27.00 37.80 4.70 36.93 43.63 2.11 23.75 Brazil 33.21 122.00 0.18 44.52 46.51 76.18 32.70 Paraguay 0.44 10.30 0.01 3.87 3.94 6.03 0.77 Major Importers 4/ 23.34 19.11 124.51 116.06 140.35 0.43 26.17 China 20.66 15.20 94.10 90.00 106.30 0.13 23.52 European Union 1.15 2.54 14.58 14.95 16.60 0.28 1.40 Southeast Asia 1.15 0.69 7.71 3.46 8.64 0.02 0.88 Mexico 0.15 0.43 4.87 5.25 5.29 0.00 0.17 2018/19 Est. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ 99.10 362.87 148.83 300.96 347.65 150.16 112.98 World Less China 75.57 346.97 63.83 214.96 244.55 150.04 91.78 United States 11.92 123.66 0.46 56.74 61.22 46.27 28.56 Total Foreign 87.17 239.21 148.36 244.22 286.43 103.90 84.42 Major Exporters 3/ 57.23 184.83 6.51 88.18 97.81 94.35 56.41 Argentina 23.75 56.00 6.35 41.00 47.90 8.75 29.45 Brazil 32.70 117.00 0.15 43.20 45.85 77.25 26.75 Paraguay 0.77 9.00 0.01 3.90 3.98 5.60 0.20 Major Importers 4/ 26.17 19.79 118.42 114.70 139.99 0.34 24.05 China 23.52 15.90 85.00 86.00 103.10 0.13 21.20 European Union 1.40 2.68 15.80 16.60 18.26 0.18 1.44 Southeast Asia 0.88 0.66 9.09 4.20 9.56 0.04 1.03 Mexico 0.17 0.34 5.23 5.50 5.54 0.00 0.20 2019/20 Proj. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ Jun 112.80 355.39 150.82 308.10 355.31 151.05 112.66 Jul 112.98 347.04 150.82 307.85 355.06 151.26 104.53 World Less China Jun 91.60 338.39 63.82 222.10 251.61 150.93 91.28 Jul 91.78 330.04 63.82 221.85 251.36 151.13 83.15 United States Jun 29.13 112.95 0.54 57.56 61.09 53.07 28.45 Jul 28.56 104.64 0.54 57.56 61.09 51.03 21.63 Total Foreign Jun 83.67 242.45 150.27 250.54 294.21 97.98 84.20 Jul 84.42 242.40 150.27 250.29 293.96 100.23 82.90 Major Exporters 3/ Jun 55.66 188.10 4.11 92.78 102.76 90.03 55.08 Jul 56.41 188.40 4.11 92.78 102.76 92.33 53.83 Argentina Jun 29.45 53.00 3.90 45.00 52.15 7.00 27.20 Jul 29.45 53.00 3.90 45.00 52.15 8.00 26.20 Brazil Jun 26.00 123.00 0.20 43.75 46.50 75.00 27.70 Jul 26.75 123.00 0.20 43.75 46.50 76.00 27.45 Paraguay Jun 0.20 10.20 0.01 3.95 4.03 6.20 0.18 Jul 0.20 10.20 0.01 3.95 4.03 6.20 0.18 Major Importers 4/ Jun 24.05 21.07 121.24 115.01 141.16 0.39 24.80 Jul 24.05 21.07 121.24 115.01 141.16 0.39 24.80 China Jun 21.20 17.00 87.00 86.00 103.70 0.13 21.37 Jul 21.20 17.00 87.00 86.00 103.70 0.13 21.37 European Union Jun 1.44 2.78 15.10 16.00 17.66 0.23 1.43 Jul 1.44 2.78 15.10 16.00 17.66 0.23 1.43 Southeast Asia Jun 1.03 0.64 9.99 4.63 10.24 0.04 1.37 Jul 1.03 0.64 9.99 4.63 10.24 0.04 1.37 Mexico Jun 0.20 0.40 5.80 5.95 5.99 0.00 0.41 Jul 0.20 0.40 5.80 5.95 5.99 0.00 0.41 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, wo rld supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to rounding. July 2019 WASDE - 590 - 29 World Soybean Meal Supply and Use 1 / (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.24 232.35 59.98 229.26 63.88 12.42 World Less China 13.24 161.07 59.96 159.15 62.69 12.42 United States 0.36 44.66 0.44 32.24 12.72 0.50 Total Foreign 12.87 187.69 59.54 197.02 51.17 11.92 Major Exporters 3/ 7.24 68.59 0.03 25.51 43.26 7.09 Argentina 3.34 27.93 0.00 3.00 25.35 2.92 Brazil 3.32 34.50 0.02 17.71 16.06 4.06 India 0.58 6.16 0.01 4.80 1.84 0.11 Major Importers 4/ 1.90 20.48 38.62 58.96 0.66 1.38 European Union 0.49 11.81 18.35 30.04 0.40 0.21 Mexico 0.04 4.15 1.82 5.95 0.02 0.04 Southeast Asia 5/ 1.28 2.70 16.72 19.42 0.25 1.04 2018/1 9 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 12.42 235.87 62.73 232.39 66.86 11.78 World Less China 12.42 167.76 62.71 165.21 65.91 11.78 United States 0.50 44.33 0.66 32.48 12.61 0.41 Total Foreign 11.92 191.54 62.08 199.92 54.25 11.37 Major Exporters 3/ 7.09 72.05 0.04 26.92 45.95 6.32 Argentina 2.92 30.95 0.00 3.19 28.00 2.69 Brazil 4.06 33.50 0.03 18.13 16.10 3.36 India 0.11 7.60 0.02 5.60 1.85 0.28 Major Importer s 4/ 1.38 22.55 39.42 61.10 0.58 1.67 European Union 0.21 13.11 18.50 31.08 0.35 0.40 Mexico 0.04 4.35 2.00 6.33 0.02 0.05 Southeast Asia 5/ 1.04 3.28 17.15 20.12 0.22 1.13 2019/20 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Jun 12.54 241.51 65.25 238.45 68.75 12.09 Jul 11.78 241.31 64.73 237.90 68.13 11.79 World Less China Jun 12.54 173.39 65.20 171.19 67.85 12.09 Jul 11.78 173.20 64.68 170.64 67.23 11.79 United States Jun 0.41 45.04 0.45 33.20 12.34 0.36 Jul 0.41 45.04 0.45 33.20 12.34 0.36 Total Foreign Jun 12.13 196.46 64.79 205.25 56.41 11.73 Jul 11.37 196.27 64.27 204.70 55.79 11.43 Major Exporters 3/ Jun 7.07 75.55 0.04 28.00 48.05 6.61 Jul 6.32 75.55 0.04 28.00 47.55 6.36 Argentina Jun 3.44 34.00 0.00 3.30 31.00 3.14 Jul 2.69 34.00 0.00 3.30 30.50 2.89 Brazil Jun 3.36 33.95 0.03 18.95 15.20 3.19 Jul 3.36 33.95 0.03 18.95 15.20 3.19 India Jun 0.28 7.60 0.02 5.75 1.85 0.29 Jul 0.28 7.60 0.02 5.75 1.85 0.29 Major Importers 4/ Jun 1.67 22.79 40.81 62.88 0.60 1.79 Jul 1.67 22.79 40.29 62.36 0.60 1.79 European Union Jun 0.40 12.64 19.00 31.34 0.35 0.35 Jul 0.40 12.64 19.00 31.34 0.35 0.35 Mexico Jun 0.05 4.70 2.13 6.75 0.02 0.12 Jul 0.05 4.70 2.13 6.75 0.02 0.12 Southeast Asia 5/ Jun 1.13 3.61 17.90 21.19 0.23 1.23 Jul 1.13 3.61 17.38 20.67 0.23 1.23 1/ Data based on local marketing years except for Argentina and Bra zil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Japan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. July 2019 WASDE - 590 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 3.79 55.17 9.72 54.63 10.50 3.54 World Less China 3.12 39.04 9.23 38.13 10.29 2.97 United States 0.78 10.78 0.15 9.70 1.11 0.91 Total Foreign 3.02 44.39 9.56 44.93 9.40 2.64 Major Exporters 3/ 0.74 19.35 0.33 12.28 7.25 0.89 Argentina 0.28 7.24 0.00 3.08 4.13 0.31 Brazil 0.29 8.54 0.05 6.94 1.51 0.42 European Union 0.16 2.84 0.28 2.23 0.90 0.16 Major Importers 4/ 1.37 18.43 5.78 24.41 0.27 0.89 China 0.67 16.13 0.48 16.50 0.21 0.57 India 0.48 1.39 2.98 4.72 0.01 0.12 North Africa 5/ 0.13 0.70 1.53 2.18 0.06 0.13 2018/19 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 3.54 56.30 10.85 55.76 11.30 3.63 World Less China 2.97 40.89 10.05 39.64 11.14 3.13 United States 0.91 11.04 0.18 10.34 0.93 0.85 Total Foreign 2.64 45.26 10.67 45.41 10.37 2.78 Major Exporters 3/ 0.89 20.10 0.38 12.20 8.11 1.07 Argentina 0.31 8.00 0.00 2.73 5.20 0.38 Brazil 0.42 8.21 0.05 7.13 1.20 0.35 European Union 0.16 3.15 0.33 2.31 1.00 0.33 Major Importers 4/ 0.89 18.09 6.61 24.49 0.25 0.86 China 0.57 15.41 0.80 16.11 0.16 0.51 India 0.12 1.71 3.40 5.05 0.01 0.18 North Africa 5/ 0.13 0.73 1.63 2.28 0.08 0.13 2019/20 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Jun 3.62 57.67 11.43 57.44 11.75 3.52 Jul 3.63 57.52 11.43 57.14 11.87 3.57 World Less China Jun 3.11 42.26 10.33 41.05 11.63 3.02 Jul 3.13 42.11 10.33 40.75 11.75 3.07 United States Jun 0.89 11.13 0.20 10.71 0.82 0.70 Jul 0.85 11.13 0.20 10.71 0.78 0.70 Total Foreign Jun 2.73 46.54 11.23 46.74 10.93 2.82 Jul 2.78 46.39 11.23 46.44 11.09 2.87 Major Exporters 3/ Jun 0.97 20.97 0.38 12.68 8.62 1.03 Jul 1.07 20.87 0.38 12.43 8.82 1.08 Argentina Jun 0.33 8.80 0.00 3.14 5.65 0.34 Jul 0.38 8.70 0.00 2.84 5.85 0.39 Brazil Jun 0.34 8.39 0.05 7.20 1.25 0.32 Jul 0.35 8.39 0.05 7.20 1.25 0.34 European Union Jun 0.30 3.04 0.33 2.31 1.00 0.36 Jul 0.33 3.04 0.33 2.36 1.00 0.34 Major Importers 4/ Jun 0.91 18.16 7.06 24.97 0.21 0.94 Jul 0.86 18.16 7.06 24.92 0.21 0.94 China Jun 0.51 15.41 1.10 16.39 0.13 0.50 Jul 0.51 15.41 1.10 16.39 0.13 0.50 India Jun 0.23 1.71 3.50 5.20 0.01 0.23 Jul 0.18 1.71 3.50 5.15 0.01 0.23 North Afri ca 5/ Jun 0.13 0.73 1.66 2.32 0.08 0.12 Jul 0.13 0.73 1.66 2.32 0.08 0.12 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, a nd Tunisia. Totals may not add due to rounding. July 2019 WASDE - 590 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poult ry Egg Milk Million Pounds Mil doz Bil lbs 2018 III 6,819 6,315 13,189 10,940 1,431 12,515 25,704 2,300 54.0 IV 6,862 7,031 13,952 10,588 1,518 12,239 26,191 2,331 53.4 Annual 26,872 26,315 53,417 42,601 5,878 49,018 102,435 9,115 217.6 2019 I 6,414 6,838 13,308 10,384 1,446 11,957 25,264 2,307 54.5 II 6,810 6,605 13,473 10,875 1,440 12,453 25,926 2,347 55.8 III* 6,980 6,785 13,820 11,100 1,460 12,701 26,521 2,335 54.0 IV* 6,925 7,420 14,403 10,750 1,520 12,403 26,806 2,375 53.9 Annual Jun Proj. 27,204 27,288 54,719 43,034 5,876 49,449 104,167 9,362 218.2 Jul Proj. 27,129 27,648 55,004 43,109 5,866 49,514 104,517 9,364 218.2 2020 I* 6,445 7,115 13,617 10,475 1,450 12,051 25,668 2,310 55.5 II* 6,930 6,785 13,771 10,875 1,460 12,477 26,248 2,340 56.7 Annual Jun Proj. 27,420 28,225 55,873 43,350 5,900 49,796 105,669 9,410 221.9 Jul Proj. 27,420 28,410 56,058 43,350 5,900 49,796 105,854 9,410 221.8 * Projection. 1/ Comm ercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & mutton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2018 III 110.83 43.90 93.7 80.4 120.8 16.17 IV 115.32 42.77 86.7 81.4 125.6 17.07 Annual 117.12 45.93 97.8 80.2 137.6 16.26 2019 I 125.27 40.67 94.0 82.8 107.3 16.97 II 118.95 57.95 97.7 85.5 69.7 18.00 III* 107.00 55.00 83.0 89.0 75.0 18.70 IV* 110.00 53.00 78.0 93.0 90.0 19.10 Annual Jun Proj. 117.0 53.5 90.0 86.0 87.0 18.00 Jul Proj. 115.5 51.5 88.0 87.5 85.5 18.20 2020 I* 124.00 56.00 92.0 86.0 95.0 18.75 II* 122.00 61.00 103.0 88.0 85.0 18.50 Annual Jun Proj. 119 60 94 88 100 18.90 Jul Proj. 119 59 94 90 100 18.85 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grad es 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. July 2019 WASDE - 590 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2018 649 26,938 2,998 30,585 3,161 662 26,762 57.2 2019 Proj. Jun 662 27,270 3,038 30,970 3,161 665 27,145 57.7 Jul 662 27,195 3,048 30,905 3,151 665 27,090 57.6 2020 Proj. Jun 665 27,486 2,960 31,111 3,245 665 27,201 57.5 Jul 665 27,486 2,960 31,111 3,245 665 27,201 57.5 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2018 554 26,330 1,042 27,926 5,876 559 21,491 50.9 2019 Proj. Jun 559 27,302 984 28,845 6,466 550 21,829 51.4 Jul 559 27,662 974 29,195 6,441 565 22,189 52.3 2020 Proj. Jun 550 28,239 945 29,734 6,945 555 22,234 52.1 Jul 565 28,424 935 29,924 6,945 575 22,404 52.5 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2018 1,246 53,507 4,313 59,066 9,043 1,266 48,757 109.5 2019 Proj. Jun 1,266 54,808 4,292 60,366 9,634 1,256 49,476 110.4 Jul 1,266 55,093 4,294 60,653 9,599 1,268 49,786 111.2 2020 Proj. Jun 1,256 55,963 4,176 61,395 10,197 1,262 49,936 110.8 Jul 1,268 56,148 4,166 61,582 10,197 1,279 50,106 111.2 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2018 856 42,145 139 43,140 7,069 845 35,227 92.4 2019 Proj. Jun 845 42,574 133 43,551 7,087 845 35,619 92.9 Jul 845 42,648 133 43,625 7,137 845 35,644 92.9 2020 Proj. Jun 845 42,886 132 43,863 7,250 840 35,773 92.7 Jul 845 42,886 132 43,863 7,250 840 35,773 92.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2018 310 5,878 19 6,206 611 303 5,293 16.2 2019 Proj. Jun 303 5,876 16 6,194 612 295 5,288 16.1 Jul 303 5,866 16 6,184 627 290 5,268 16.0 2020 Proj. Jun 295 5,900 16 6,211 630 305 5,276 15.9 Jul 290 5,900 16 6,206 630 305 5,271 15.9 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2018 1,170 48,562 160 49,892 7,764 1,153 40,975 110.0 2019 Proj. Jun 1,153 48,988 152 50,292 7,768 1,147 41,377 110.4 Jul 1,153 49,052 152 50,356 7,835 1,142 41,379 110.4 2020 Proj. Jun 1,147 49,332 151 50,630 7,952 1,153 41,525 110.1 Jul 1,142 49,332 151 50,625 7,952 1,153 41,520 110.1 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Mea t & Poultry 2018 2,416 102,069 4,473 108,958 16,807 2,419 89,732 219.5 2019 Proj. Jun 2,419 103,796 4,443 110,658 17,402 2,403 90,852 220.8 Jul 2,419 104,145 4,445 111,009 17,434 2,410 91,165 221.5 2020 Proj. Jun 2,403 105,294 4,327 112,024 18,149 2,415 91,460 220.9 Jul 2,410 105,479 4,317 112,206 18,149 2,432 91,625 221.3 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready -to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. July 2019 WASDE - 590 - 33 U.S. Egg Supply and Use Commodity 2017 2018 2019 Proj. 2019 Proj. 2020 Proj. 2020 Proj. Jun Jul Jun Jul Eggs Million Dozen Supply Beginning St ocks 142.2 87.5 78.8 78.8 92.0 92.0 Production 8,890.6 9,114.6 9,361.8 9,363.8 9,410.0 9,410.0 Imports 34.2 17.8 18.1 18.1 18.0 18.0 Total Supply 9,067.0 9,220.0 9,458.7 9,460.7 9,520.0 9,520.0 Use Exports 354.9 333.1 288.8 301.8 280.0 280.0 Hatching Use 1,035.2 1,057.5 1,076.4 1,076.4 1,090.0 1,090.0 Ending Stocks 87.5 78.8 92.0 92.0 95.0 95.0 Disappearance Total 7,589.4 7,750.6 8,001.5 7,990.4 8,055.0 8,055.0 Per Capita (number) 279.9 284.0 291.5 291.1 291.7 291.7 Total U.S. Milk Supply and Use Commodity 2017 2018 2019 Proj. 2019 Proj. 2020 Proj. 2020 Proj. Jun Jul Jun Jul Milk Billion Pounds Production 215.5 217.6 218.2 218.2 221.9 221.8 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 12.7 13.4 13.8 13.8 13.1 13.1 Marketings 214.5 216.6 217.2 217.2 220.9 220.8 Imports 6.0 6.3 6.5 6.9 6.6 6.8 Total Cml. Supply 233.2 236.3 237.4 237.8 240.6 240.7 Fat Basis Use Commercial Exports 9.2 10.4 9.7 9.5 10.4 10.2 Ending Commercial Stocks 13.4 13.8 13.1 13.1 13.1 13.1 CCC Donations 0.0 0.0 0.2 0.2 0.0 0.0 Domestic Commercial Use 210.6 212.1 214.5 215.1 217.1 217.4 Skim -solid Bas is Supply Beg. Commercial Stocks 9.5 11.8 10.7 10.7 10.2 10.0 Marketings 214.5 216.6 217.2 217.2 220.9 220.8 Imports 6.1 5.5 5.4 5.4 5.0 5.0 Total Cml. Supply 230.1 233.8 233.2 233.2 236.0 235.8 Skim -solid Basis Use Commercial Exports 40.8 44.7 42.0 41.3 43.4 42.9 Ending Commercial Stocks 11.8 10.7 10.2 10.0 10.1 10.1 CCC Donations 0.0 0.0 0.2 0.2 0.0 0.0 Domestic Commercial Use 177.5 178.5 180.8 181.7 182.6 182.8 Total Note: Totals may not add due to rounding. July 2019 WASDE - 590 - 34 U.S. Dairy Prices Commodity 2017 2018 2019 Proj. 2019 Proj. 2020 Proj. 2020 Proj. Jun Jul Jun Jul Product Prices 1/ Dollars Per Pound Cheese 1.6344 1.5377 1.640 1.660 1.725 1.730 Butter 2.3303 2.2572 2.325 2.315 2.365 2.345 Nonfat Dry Milk 0.8666 0.7945 1.015 1.020 1.045 1.045 Dry Whey 0.4437 0.3422 0.390 0.375 0.375 0.360 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 16.17 14.61 15.90 16.05 16.65 16.65 Class IV 15.16 14.23 16.40 16.45 16.85 16.75 All Milk 3/ 17.65 16.26 18.00 18.20 18.90 18.85 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV pr ices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not re flect any deductions from producers as authorized by legislation. July 2019 WASDE - 590 - 35 Reliability of July Projections 1/ Note: Tables on pages 35 -37 present a record of the July projection and the final Estimate. U sing world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by mo re than 2.8 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 4.8 percent. The average difference between the July projection and the final estimate is 14.3 million tons, ranging from 1 million to 34.6 million tons. The July projection has been below the estimate 23 times a nd above 15 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Prod uction World 2.8 4.8 14.3 1.0 34.6 23 15 U.S. 3.5 5.9 1.6 0.1 6.2 18 20 Foreign 3.1 5.2 14.0 0.3 34.7 24 14 Exports World 6.0 10.2 6.5 0.2 18.7 25 13 U.S. 11.8 20.0 2.8 0.2 10.0 21 17 Foreign 7.4 12.6 6.3 0.1 21.3 26 12 Domestic Use World 2.0 3.4 9.3 1.6 25.7 23 15 U.S. 7.3 12.4 1.9 0.0 5.0 14 24 Foreign 2.0 3.4 9.0 1.3 26.9 25 13 Ending Stocks World 9.7 16.5 12.0 0.1 35.3 27 11 U.S. 18.5 31.5 3.2 0.2 13.9 23 15 Foreign 10.2 17.3 10.3 1.2 31.7 27 11 COARSE GRAINS 2/ Production World 2.9 5.0 23.2 1.3 68.4 20 18 U.S. 10.1 17.2 15.7 0.6 57.9 19 19 Foreign 2.6 4.4 14.8 1.1 53.0 20 18 Exports World 7.8 13.3 7.8 0.6 23.8 27 11 U.S. 26.2 44.5 7.9 0.2 24.4 15 23 Foreig n 14.2 24.2 7.6 1.4 19.7 26 12 Domestic Use World 1.8 3.0 14.7 0.0 46.0 21 17 U.S. 4.5 7.7 7.0 0.0 22.2 24 14 Foreign 2.0 3.4 11.9 1.0 40.6 22 16 Ending Stocks World 18.9 32.1 22.6 1.6 171.9 24 14 U.S. 39.6 67.3 13.0 0.5 50.5 16 22 Foreign 16.6 28.2 15.4 0.2 155.2 27 11 RICE, milled Production World 2.4 4.1 7.0 0.4 24.0 24 14 U.S. 5.1 8.6 0.2 0.0 0.7 19 17 Foreign 2.4 4.1 7.0 0.5 24.3 24 14 Exports World 9.0 15.3 1.7 0.0 6.7 27 11 U.S. 10.8 18.3 0.2 0.0 1.0 17 17 Foreign 9.9 16.8 1.6 0.0 6.5 27 11 Domestic Use World 2.0 3.4 4.7 0.2 22.9 24 14 U.S. 8.3 14.1 0.2 0.0 0.5 14 23 Foreign 2.0 3.4 4.7 0.2 22.9 24 14 Ending Stocks World 13.8 23.4 6.5 0.1 26.5 29 9 U.S. 28.3 48.1 0.3 0.0 1.0 24 13 Foreign 15.1 25.6 6.6 0.2 26.0 30 8 1/ Footnotes at end of table. CONTINUED July 2019 WASDE - 590 - 36 Reliability of July Projections (Continued) 1/ Diffe rences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 5.1 8.7 7.4 0.5 26.9 18 20 U.S. 7.0 12.0 3.7 0.2 11.7 20 18 Foreign 7.5 12.7 6.7 1.0 25.8 20 18 Exports World 7.7 13.1 3.5 0.0 10.7 24 14 U.S. 13.0 22.1 2.8 0.1 9.3 21 17 Foreign 19.8 33.5 2.7 0.0 10.5 22 16 Domestic Use World 3.8 6.5 5.3 0.5 16.1 22 16 U.S. 5.2 8.9 1.7 0.0 4.9 24 14 Foreign 4.1 7.0 4.6 0.1 11.2 22 16 Ending Stocks World 15.5 26.4 4.8 0.0 26.1 22 16 U.S. 53.9 91.4 2.9 0.0 13.4 13 25 Foreign 19.1 32.5 4.4 0.0 21.8 24 14 COTTON Million 480 -Pound Bales Production World 5.8 9.8 3.9 0.0 14.9 23 15 U.S. 9.8 16.6 1.3 0.1 5.3 21 17 Foreign 5.9 10.0 3.1 0.0 12.1 21 16 Exports World 10.3 17.5 2.3 0.1 11.6 22 16 U.S. 27.3 46.3 1.3 0.1 3.6 23 15 Foreign 13.6 23.0 1.9 0.0 9.8 18 20 Domestic Use World 4.2 7.2 3.0 0.0 15.4 18 20 U.S. 9.2 15.7 0.5 0.0 1.4 18 19 Foreign 4.3 7.3 3.0 0.1 14.6 17 21 Ending Stocks World 16.1 27.3 5.7 0.2 16.3 24 14 U.S. 39.7 67.3 1.5 0.1 4.9 16 22 Foreign 15.7 26.7 4.9 0.5 16.1 26 12 1/ Marketing y ears 1981/82 through 2018/19 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2017/18, and for 2018/19 the last month’s estimate. 2/ Includ es corn, sorghum, barley, oats, rye, millet, and mixed grain. July 2019 WASDE - 590 - 37 Reliability of United States July Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 11.1 18.8 567 12 2,190 22 16 Exports 27.3 46.3 279 0 900 15 21 Domestic Use 4.9 8.4 274 0 770 24 13 Ending St ocks 48.5 82.2 469 11 1,840 17 21 SORGHUM Production 18.1 30.7 68 3 213 21 17 Exports 40.4 68.5 46 0 170 18 19 Domestic Use 28.0 47.5 52 3 139 16 22 Ending Stocks 66.2 112.4 47 0 174 14 23 BARLEY Production 7.8 13.3 21 0 87 13 24 Exports 65.0 110.3 14 0 92 22 14 Domestic Use 10.1 17.1 25 0 87 15 22 Ending Stocks 22.3 37.8 26 0 114 15 22 OATS Production 12.7 21.5 20 0 144 6 31 Exports 97.1 164.7 1 0 8 10 12 Domestic Use 6.4 10.9 16 0 67 11 23 Ending Stocks 23.8 40.4 14 0 68 15 22 SOY BEAN MEAL Thousand Short Tons Production 5.2 8.9 1,264 118 4,432 27 11 Exports 15.3 25.9 893 50 2,450 22 16 Domestic Use 5.6 9.6 947 76 4,470 19 19 Ending Stocks 40.2 68.2 50 0 413 11 16 SOYBEAN OIL Million Pounds Production 5.0 8.5 627 60 2,130 27 11 Exports 34.0 57.7 407 0 1,575 21 16 Domestic Use 4.3 7.2 471 0 2,300 22 15 Ending Stocks 39.7 67.3 474 15 1,568 19 19 ANIMAL PROD. Million Pounds Beef 3.9 6.7 755 60 2,677 17 8 Pork 2.9 5.0 432 20 1,372 13 12 Broilers 2.2 3.8 642 175 1,338 10 15 Turkeys 3.9 6.6 163 2 468 10 15 Million Dozen Eggs 1.6 2.8 100 4 266 18 7 Billion Pounds Milk 1.5 2.6 1.9 0.0 7.0 13 7 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketin g years 1981/82 through 2018/19 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2017/18, and for 2018/19 the last month’s estimate. Calendar years 1994 through 2018 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1994 -2018. WASDE -590-38 Related USDA Reports The WASDE report incorporates information from a nu mber of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary f oreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ To subscribe to receive WASDE -related notifications by email or text message visit https://public.govdelivery.com/accounts/USDAOC/subscriber/new?topic_id=USDAOC_223 . Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at 202 -720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE -590 – July 11, 2019 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 567 Approved by the World Agricultural Outlook Board July 12, 2017 NOTE: This report adopts U.S. area, yield, and production forecasts for winter wheat, durum, other spring wheat, barley, and oats released today by the National Agricultural Statistics Service (NASS). For rice, corn, sorghum, soybeans, and cotton, area estimates reflect the June 30 NASS Acreage report, and methods used to project production are noted on each table. The first survey -based 2017 production forecasts for those crops will be reported by NASS on August 10. WHEAT: Projected 2017/18 U.S. wheat supplies are lowered this month on reduced U.S. wheat production more than offsetting higher beginning stocks and imports. Forecast 2017/18 U.S. wheat production is lowered 64 million bushels to 1,760 million. The NA SS July Crop Production report provides survey -based production forecasts for all wheat classes for the first time in the 2017/18 crop year. The production forecasts for durum and other spring wheat indicated a significant decline compared to last year for these two classes pri marily due to severe drought conditions affecting the Northern Plains. Partially offsetting this decrease is higher winter wheat production on both higher harvested acreage and yield. Projected exports and feed and residual usage are lowered to 975 and 150 million bushels, respectively, largely on the reduction in durum and other spring wheat supplies. Projected 2017/18 ending stocks are raised 14 million bushels to 938 million this month, but are 21 percent lower than last year’s revised stocks. The 2017/18 season- average farm price is raised $0.50 per bushel at the midpoint to a projected range of $4.40 to $5.20. Global 2017/18 wheat supplies are decreased fractionally on lower production forecasts for the U.S., Australia, China, and the EU, which are partially offset by higher production expected for Russia and Turkey. Russia’s wheat production is increased by 3.0 million tons to 72.0 million as growing conditions to date are similar to last year when Russia achieved record yields. Turkey’s wheat production is up 1.5 million tons to 19.5 million on favorable crop conditions. European Union wheat production is down 0.8 million tons to 150.0 million on smaller expected crops in Spain and France. Australia’s 2017/18 production is reduced 1.5 milli on tons to 23.5 million on dry conditions. Foreign 2017/18 exports are increased on higher exports for Russia and Turkey m ore than offsetting reductions for the EU, Paraguay, and Ukraine. Imports are projected lower for several countries with Turkey s howing the largest reduction on a significantly larger crop. Total world consumption is projected higher, primarily on greater use by Russia on increased supplies. Global ending stocks are projected lower at 260.6 million tons, down marginally from last month. COARSE GRAINS: This month’s 2017/18 U.S. corn outlook is for larger supplies, greater feed and residual use, and higher ending stocks. Corn beginning stocks are raised 75 million bushels reflecting lower feed and residual use in 2016/17 based on indicated disappearance during the first three quarters of the marketing year in the June 30 Grain Stocks report . Corn production for 2017/18 is projected 190 million bushels higher based on increased planted and harvested areas from the June 30 Acreage report. The national average corn yield is unchanged at 170.7 bushels per acre. During June, harvested- area weighted precipitation for the major corn WASDE- 567-2 producing states was below normal but did not represent an extreme deviation from average (See Westcot t and Jewison, Weather Effects on Expected Corn and Soybean Yields, USDA - ERS, FDS -13g-01, July 2013). For much of the crop the critical pollination period will be during middle and late July. Projected feed and residual use for 2017/18 is raised 50 mill ion bushels on a larger crop and lower expected prices. With other use categories unchanged, corn ending stocks are raised 215 million bushels from last month. Small revisions are made to historical trade and utilization estimates based on the 13th month trade data revisions from the Census Bureau. The season- average corn price received by producers is lowered 10 cents at the midpoint for a range of $2.90 to $3.70 per bushel with the larger carryout. Oat production is lowered 13 million bushels and barley production is reduced 16 million reflecting area adjustments in the Acreage report and higher barley and lower oat yields in today’s Crop Production. Sorghum production is raised based on the higher area reported in the Acreage report. This month’s 2017/18 foreign coarse grain outlook is for higher production, reduced trade and increased stocks relative to last month. EU corn production is down reflecting a lower projection for Spain, where heat and dryness during grain fill hurt yield prosp ects. Historical revisions are made to Kenya’s corn production estimates to better reflect statistics published by the government. Barley production is lowered for Argentina, the EU , and Ukraine, but raised for Turkey and Russia. For 2016/17, Argentina corn production is raised based on the latest information indicating a higher -than- expected level of area. Major global trade changes for 2017/18 include lower barley exports for Argentina and reduced corn exports for the EU and Tanzania. Foreign corn ending stocks are raised from last month, with the largest increases primarily for Vietnam, Mexico , and Argentina. RICE : U.S. 2017/18 all rice supplies are lowered 9.5 million cwt to 261.6 million on a production decrease, which is partially offset by slightly higher imports. Long-grain production is lowered 5.6 million cwt and combined medium - short -grain production is lowered 4.1 million cwt. The production decrease stems from a 123,000 acre reduction in harvested area, reflecting the floods that oc curred in Northeast Arkansas and the bootheel of Missouri as well as excessive moisture in California at planting time. Long -grain beginning stocks are raised 3.8 million cwt on a 2.0 - million -cwt decrease in both 2016/17 exports and domestic and residual use, which is partially offset by a 0.2 -million -cwt decrease in 2016/17 imports. These revisions are offset by changes to medium - and short -grain leaving all rice 2016/17 ending stocks and total use unchanged. Total use for 2017/18 is reduced 8.0 million cwt with reductions to both domestic and residual use and exports leaving 2017/18 ending stocks down 1.5 million. By class, long- grain ending stocks are raised 1.2 million cwt and medium - and short -grain ending st ocks are lowered 2.7 million. The 2017/18 all rice season -average farm price is raised $0.80 per cwt at the midpoint to a range of $11.80 to $12.80. Global rice supplies for 2017/18 are raised 1.9 million tons primarily on increased production for India and Thailand. India production is rais ed 2.0 million tons to 108.0 million, and Thailand production is raised 0.9 million tons to 20.4 million, both changes are on improved rainfall thus far in the growing season. The largest production decrease was a 0.3- million -ton reduction for the United States. Foreign exports are raised 0.6 million tons led by increases for India and China. Global u se is reduced fractionally and w orld ending stocks are raised 2.0 million tons to 122.5 million. WASDE- 567-3 OILSEEDS: U.S. oilseed production for 2017/18 is projec ted at 127.0 million tons, up 0.2 million from last month, with increases for soybeans, canola, and peanuts only partly offset with a lower forecast for sunflowerseed and cottonseed. Soybean production is projected at 4, 260 million bushels, up 5 million on increased harvested area. Harvested area, estimated at 88.7 million acres in the June 30 Acreage report, is up 0.1 million from last month. The soybean yield forecast is unchanged at 48.0 bushels per acre. Despite slightly higher production, 2017/18 soybean supplies are reduced 35 million bushels on lower beginning stocks. With projections for exports and cr ush unchanged, 2017/18 soybean ending stocks are reduced 35 million bushels to 465 million. Soybean exports for 2016/17 are projected at 2,100 million bushels, up 50 million, reflecting shipments and outstanding sales through early July. Soybean crush is reduced 10 million bushels to 1,900 million on lower projected soybean meal exports and domestic use. Soybean ending stocks for 2016/17 are projected at 410 million bushels, down 40 million from last month. The U.S. season -average soybean price is forec ast at $8.40 to $10.40 per bushel, up $0.10 at the midpoint. Soybean meal prices are forecast at $300 to $340 per short ton, up $5.00 at the midpoint. The soybean oil price forecast is unchanged at 30 to 34 cents per pound. The 2017/18 global oilseed supply and demand forecasts include higher production, exports, and stocks compared to last month. Global oilseed production for 2017/18 is projected at 573.9 million tons, up 0.9 million mostly on higher forecasts for Ukraine sunflowerseed, India cottonseed, U.S. peanuts, and China soybeans. Partly offsetting is lower rapeseed production for Australia. Ukraine sunflowerseed harvested area is raised in line with revisions for 2016/17, resulting in a higher production forecast. Soybean production is raised for China due to increased harvested area. Global oilseed exports for 2017/18 are projected at 172.9 million tons, up 0.6 million mainly reflecting increased soybean exports for Brazil and Ukraine. Soybean exports are also raised for 2016/17 as higher exports for the United States and Paraguay are partly offset by lower exports for Brazil and Argentina. Global soybean imports are forecast higher principally for China where imports are projected up 2 million tons to 91 million in 2016/17 and 1 million t ons to 94 million in 2017/18. Global oilseed ending stocks for 2017/18 are up 1.0 million tons to 104.5 million mostly on higher soybean stocks in China and South America. SUGAR : U.S. deliveries for human consumption for 2016/17 are increased by 100,000 short tons, raw value (STRV) to 12.300 million based on pace -to-date through the end of May. Florida sugar production for 2016/17 is increased by 3,795 STRV to 2.055 million based on end- of- season processor reporting to the USDA. Ending stocks are decr eased by the sum of these adjustments to 1.440 million STRV, implying a stocks -to-use ratio of 11.4 percent. Imports for 2017/18 are increased by 225,445 STRV to 3.557 million. The increase is comprised of 176,370 STRV of additional specialty sugar that enters under the 2017/18 refined sugar tariff - rate quota and an additional 49,075 STRV from Mexico. Deliveries for human consumption are projected to increase one- percent over the estimate for 2016/17 to 12.423 million STRV. Ending stocks for 2017/18 are projected at 1.132 million STRV, implying a stocks -to-use ratio of 9.0 percent. Mexico 2016/17 sugar imports intended for the IMMEX product re -export program are increased by 10,000 metric tons (MT) to 60,000 based on the pace to date. Sugar exports for 2016/17 to non-U.S. destinations are increased by 15,000 MT to 165,000 based on the pace to date. Exports to non-U.S. destinations for 2017/18 are decreased 15,000 MT to 10,000 based on WASDE- 567-4 expected higher -valued export alternatives to the U.S. market. Deli veries for the IMMEX program for 2017/18 are reduced 60,000 MT to 330,000. For 2017/18, exports to the United States are projected at 1.561 million MT. These exports are projected as the lower of the following: (1) anticipated U.S. Needs of 2.048 million MT as defined in the Suspension Agreements; or (2) the export level that yields an ending stocks -to-consumption ratio of 18.0 percent. The 18-percent stocks -to-consumption ratio is an assumed lower bound necessary for use until the new Mexico sugarcane harvest is well underway. LIVESTOCK, POULTRY, AND DAIRY : The forecast for 2017 red meat and poultry production is raised from last month as higher forecast beef and broiler production more than offset declines in pork and turkey production. The beef production forecast is raised on both higher cattle slaughter and heavier carcass weights. Forecast pork production is reduced as lower slaughter in mid -2017 more than offsets higher fourth -quarter slaughter. Second- half carcass weights are reduced. Broiler production is raised slightly on recent production data. Turkey production is lowered on recent production data and a slow recover y in demand during the second half of the year. Egg production is unchanged. For 2018, red meat and poultry production forecasts are reduced. Forecast beef production is reduced from the previous month on lower expected steer and heifer slaughter in the first part of the year. The pork production forecast is reduced. USDA’s Quarter ly Hogs and Pigs report indicated that producers intend to farrow slightly more hogs over the next two quarters and growth in pigs per litter is expected to remain modest . Forecast turkey production is reduced from last month as current price weak ness is expected to slow the pace of growth. Broiler and egg production forecasts are unchanged. The beef import forecast is raised for 2017 on recent trade data. The beef export forecast is raised as global demand is expected to strengthen during the second half of the year. For 2018, both beef import and export forecasts are raised. Pork, poultry , and egg trade forecasts for 2017 and 2018 are unchanged from the previous month. Cattle price forecast s for 2017 are lowered from last month as prices have weakened and fed cattle supplies will remain ample. Forecast 2018 cattle prices are unchanged. Hog price forecasts are raised for 2017 on strong domestic and export demand. Demand strength is expected to carry over into 2018, and forecast hog prices are raised. Broiler prices are raised for 2017 on current price strength, while turkey prices are lowered on weak demand. No changes are made for 2018 broiler and turkey price forecasts. Egg prices are raised slightly for 2017 on recent data but no changes are made to 2018 forecasts. The 2017 and 2018 milk production forecasts are lowered from last month. Growth in milk per cow has been slower than expected, and the forecast growth rate is reduced. Fat basis import forecast s for 2017 and 2018 are unchanged from the previous month. Fat-basis export forecasts for 2017 and 2018 are raised on continued robust exports of cheese. On a skim-solids basis, imports for 2017 were reduced from the previous month on lower expected purchases of milk protein concentrates (MPC) , but the 2018 import forecast remains unchanged. The 2018 skim solids import forecast remains unchanged. Skim -solid exports for 2017 and 2018 are raised as nonfat dry milk (NDM) and cheese shipments are expected to remain strong. For 2017, cheese and whey price forecasts are reduced from the previous month, while butter prices are forecast higher. The NDM price forecast is unchanged but the range is narrowed. Cheese prices for 2018 are reduced while butter prices are raised on contin ued strong demand. NDM and whey price forecasts for 2018 are unchanged from last month. The 2017 and 2018 WASDE- 567-5 Class III price forecasts are lowered from last month in line with lower component product prices. The Class IV price forecast s are increased for 2017 and 2018 reflecting higher butter prices . The 2017 all milk price is forecast at $17.65 to $17.95 and the price for 2018 is $18.00 to $19.00 per cwt. COTTON : The U.S. 2017/18 cotton projections show production is 200,000 bales lower than last month. With no change in domestic use or exports, ending stocks are also revised down 200,000 bales. The decrease in th e crop projection is attribut ed mainly to lower planted area as indicated in the June 30 Acreage report, combined with slightly l ess favorable assumptions about abandonment based on current conditions. The projected range of 54 to 68 cents per pound for the marketing year average price received by producers is unchanged on the lower end and reduced 6 cents on the upper end; the midpoint of 61 cents is reduced 3 cents from last month. Higher production is increasing this month’s global cotton stock s forecasts for both 2016/17 and 2017/18. The world carryin for 2017/18 is increased 934,000 bales owing in large part to an upward revi sion of 500,000 bales for India’s estimated 2016/17 crop. World 2017/18 production is increased 636,000 bales, despite the lower expected U.S. crop, mainly on increased area expectations for India. Production is also raised for Turkey, but is lowered for Pakistan and Mexico. World consumption is also forecast higher in both 2016/17 —up nearly 200,000 bales — and 2017/18— up more than 500,000 bales. World 2017/18 ending stocks are now projected at 88.7 million bales, an increase of 1.0 million from the June forecast. Approved by the Secretary of Agriculture and t he Chairman of the World Agricultural Outlook Board, Seth D. Meyer , (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY : MICHAEL YOUNG SECRETARY OF AGRICULTURE DESIGNATE WASDE- 567-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers , ICEC Chair, WAOB, E -mail: wchambers @oce.usda.gov Jennifer Bond, ERS; Andrew Sowell, FAS; Pete Riley, FSA . Rice: William Chambers , ICEC Chair, WAOB, E-mail: wchambers @oce.usda.gov Nathan Childs, ERS; Rachel Trego, FAS; Pete Riley, F SA. Feed Grains: Michael Jewison , ICEC Chair, WAOB, E-mail: [email protected] Tom Capehart, ERS; Yoonhee Macke, FAS; Thomas Gajnak , FSA . Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail: [email protected] Mark Ash, ERS; Bill George, FAS; Susan Proper, FSA . Cotton: Stephen MacDonald, ICEC Chair, WAOB, E -mail: [email protected] Leslie Meyer, ERS; James Johnson, FAS; Sherrie Grimm, FSA . Sugar: Stephen Haley , ICEC Chair, WAOB, E -mail: shaley @oce.usda.gov Michael McConnell, ERS; Ro n Lord, FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Lindsay Kuberka, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] da.gov Larry Haller, AMS; Sean Ramos, ERS; Tyler Cozzens, FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E -mail: [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Milton Madison, FSA. In 2017, the WASDE report will be released on Aug. 10, Sep. 12, Oct. 12, Nov. 9, Dec. 12 . WASDE- 567-7 T A B L E OF C O N T E N T S Page Highlights ................................ ................................ ................................ ............. 1 Interagency Commodity Estimates Committees ................................ .................... 6 World & U.S. Supply & Use for Grains ................................ ................................ .. 8 World & U.S. Supply & Use for Cotton ................................ ................................ .. 9 World & U.S. Supply & Use for Oilseeds ................................ ............................ 10 U.S. Wheat Supply & Use ................................ ................................ .................. 11 U.S. Wheat Supply & Use by Class ................................ ................................ .... 11 U.S. Feed Grain & Corn Supply & Use ................................ ............................... 12 U.S. Sorghum, Barley & Oats Supply & Use ................................ ....................... 13 U.S. Rice Supply & Use ................................ ................................ ..................... 14 U.S. Soybeans & Products Supply & Use ................................ ........................... 15 U.S. Sugar Supply & Use ................................ ................................ ................... 16 Mexico Sugar Supply and Use ................................ ................................ ........... 16 U.S. Cotton Supply & Use ................................ ................................ .................. 17 World Wheat Supply & Use ................................ ................................ ................ 18 World Coarse Grains Supply & Use ................................ ................................ .... 20 World Corn Supply & Use ................................ ................................ .................. 22 World Rice Supply & Use ................................ ................................ ................... 24 World Cotton Supply & Use ................................ ................................ ................ 26 World S oybean Supply & Use ................................ ................................ ............ 28 World Soybean Meal Supply & Use ................................ ................................ .... 29 World Soybean Oil Supply & Use ................................ ................................ ....... 30 U.S. Quarterly Animal Product Production ................................ .......................... 31 U.S. Quarterly Prices for Animal Products ................................ .......................... 31 U.S. Meats Supply and Use ................................ ................................ ............... 32 U.S. Egg Supply & Use ................................ ................................ ...................... 33 U.S. Milk Supply and Use ................................ ................................ .................. 33 U.S. Dairy Prices ................................ ................................ ............................... 34 Reliability Tables ................................ ................................ ................................ 35 Related USDA Reports ................................ ................................ ...................... 38 Metric Conversion Factors ................................ ................................ ................. 38 Electronic Access and Subscriptions ...................................................................... 40 July 2017 WASDE - 567 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2015/16 2467.88 3047.24 376.65 2439.40 607.85 2016/17 (Est.) 2600.25 3208.10 421.53 2568.85 639.25 filler filler filler filler filler 2017/18 (Proj.) Jun 2530.90 3166.70 408.06 2563.98 602.72 2017/18 (Proj.) Jul 2537.93 3177.18 407.76 2566.16 611.03 filler filler filler filler filler Wheat 2015/16 736.98 954.68 172.87 711.83 242.84 2016/17 (Est.) 754.31 997.16 181.64 739.11 258.05 filler filler filler filler filler 2017/18 (Proj.) Jun 739.53 995.96 178.55 734.77 261.19 2017/18 (Proj.) Jul 737.83 995.88 178.42 735.28 260.60 filler filler filler filler filler Coarse Grains 5/ 2015/16 1259.04 1505.67 163.33 1256.47 249.20 2016/17 (Est.) 1362.14 1611.33 197.27 1348.63 262.70 filler filler filler filler filler 2017/18 (Proj.) Jun 1310.33 1570.48 186.83 1349.50 220.98 2017/18 (Proj.) Jul 1316.44 1579.15 186.13 1351.24 227.91 filler filler filler filler filler Rice, milled 2015/16 471.87 586.90 40.45 471.09 115.80 2016/17 (Est.) 483.81 599.61 42.63 481.11 118.50 filler filler filler filler filler 2017/18 (Proj.) Jun 481.04 600.26 42.68 479.72 120.55 2017/18 (Proj.) Jul 483.66 602.16 43.21 479.64 122.52 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2015/16 429.26 506.00 81.75 348.12 76.14 2016/17 (Est.) 472.57 556.04 94.78 362.88 98.38 filler filler filler filler filler 2017/18 (Proj.) Jun 426.42 529.61 83.62 363.24 82.74 2017/18 (Proj.) Jul 429.31 535.79 82.85 363.96 88.98 filler filler filler filler filler Wheat 2015/16 56.12 79.66 21.17 31.94 26.55 2016/17 (Est.) 62.86 92.63 28.72 31.68 32.23 filler filler filler filler filler 2017/18 (Proj.) Jun 49.64 84.79 27.22 32.41 25.16 2017/18 (Proj.) Jul 47.89 83.94 26.54 31.87 25.53 filler filler filler filler filler Coarse Grains 5/ 2015/16 367.01 417.89 57.18 312.60 48.11 2016/17 (Est.) 402.60 454.08 62.38 327.02 64.68 filler filler filler filler filler 2017/18 (Proj.) Jun 370.39 436.22 52.85 326.86 56.50 2017/18 (Proj.) Jul 375.34 443.54 52.85 328.28 62.41 filler filler filler filler filler Rice, milled 2015/16 6.13 8.45 3.40 3.58 1.48 2016/17 (Est.) 7.12 9.34 3.68 4.19 1.46 filler filler filler filler filler 2017/18 (Proj.) Jun 6.38 8.61 3.56 3.97 1.08 2017/18 (Proj.) Jul 6.07 8.31 3.46 3.81 1.04 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). July 2017 WASDE - 567 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2015/16 2,038.62 2,541.24 294.90 2,091.28 531.71 2016/17 (Est.) 2,127.68 2,652.06 326.75 2,205.97 540.87 filler filler filler filler filler 2017/18 (Proj.) Jun 2,104.48 2,637.09 324.44 2,200.74 519.98 2017/18 (Proj.) Jul 2,108.63 2,641.40 324.91 2,202.19 522.05 filler filler filler filler filler Wheat 2015/16 680.87 875.02 151.70 679.89 216.29 2016/17 (Est.) 691.45 904.53 152.92 707.43 225.82 filler filler filler filler filler 2017/18 (Proj.) Jun 689.89 911.17 151.33 702.35 236.04 2017/18 (Proj.) Jul 689.94 911.94 151.89 703.41 235.06 filler filler filler filler filler Coarse Grains 5/ 2015/16 892.03 1,087.78 106.15 943.88 201.09 2016/17 (Est.) 959.54 1,157.26 134.89 1,021.61 198.02 filler filler filler filler filler 2017/18 (Proj.) Jun 939.93 1,134.27 133.98 1,022.64 164.48 2017/18 (Proj.) Jul 941.10 1,135.60 133.28 1,022.95 165.50 filler filler filler filler filler Rice, milled 2015/16 465.73 578.44 37.06 467.51 114.33 2016/17 (Est.) 476.69 590.27 38.95 476.92 117.03 filler filler filler filler filler 2017/18 (Proj.) Jun 474.66 591.65 39.12 475.75 119.46 2017/18 (Proj.) Jul 477.59 593.85 39.74 475.83 121.48 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2015/16 96.76 208.51 35.28 111.23 97.17 2016/17 (Est.) 106.54 203.71 36.56 113.77 90.27 filler filler filler filler filler 2017/18 (Proj.) Jun 114.73 204.07 36.84 116.51 87.71 2017/18 (Proj.) Jul 115.36 205.64 36.81 117.03 88.73 filler filler filler filler filler United States 2015/16 12.89 16.57 9.15 3.45 3.80 2016/17 (Est.) 17.17 20.98 14.50 3.30 3.20 filler filler filler filler filler 2017/18 (Proj.) Jun 19.20 22.41 13.50 3.40 5.50 2017/18 (Proj.) Jul 19.00 22.21 13.50 3.40 5.30 filler filler filler filler filler Foreign 4/ 2015/16 83.87 191.94 26.13 107.78 93.37 2016/17 (Est.) 89.37 182.73 22.06 110.47 87.07 filler filler filler filler filler 2017/18 (Proj.) Jun 95.53 181.66 23.34 113.11 82.21 2017/18 (Proj.) Jul 96.36 183.43 23.31 113.63 83.43 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. July 2017 WASDE - 567 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2015/16 521.11 614.04 153.17 446.09 90.01 2016/17 (Est.) 571.45 661.46 168.42 470.25 105.92 filler filler filler filler filler 2017/18 (Proj.) Jun 573.03 677.31 172.25 486.83 103.50 2017/18 (Proj.) Jul 573.94 679.86 172.89 488.37 104.54 filler filler filler filler filler Oilmeals 2015/16 306.04 322.77 86.77 303.79 15.44 2016/17 (Est.) 321.86 337.30 89.91 316.59 16.85 filler filler filler filler filler 2017/18 (Proj.) Jun 333.34 349.79 92.67 329.78 15.77 2017/18 (Proj.) Jul 334.42 351.27 92.88 331.05 16.40 filler filler filler filler filler Vegetable Oils 2015/16 176.79 201.05 73.47 177.92 20.27 2016/17 (Est.) 186.31 206.58 77.55 183.59 18.60 filler filler filler filler filler 2017/18 (Proj.) Jun 194.56 213.09 79.20 189.33 19.79 2017/18 (Proj.) Jul 194.99 213.60 79.31 189.41 20.01 filler filler filler filler filler United States Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2015/16 115.88 123.76 53.96 55.05 6.87 2016/17 (Est.) 127.27 135.70 58.22 56.25 12.64 filler filler filler filler filler 2017/18 (Proj.) Jun 126.80 142.14 59.68 58.03 14.94 2017/18 (Proj.) Jul 127.04 141.28 59.66 58.09 14.08 filler filler filler filler filler Oilmeals 2015/16 42.78 47.15 11.18 35.69 0.28 2016/17 (Est.) 43.10 47.42 11.13 35.96 0.33 filler filler filler filler filler 2017/18 (Proj.) Jun 44.76 49.11 11.59 37.19 0.33 2017/18 ( Proj.) Jul 44.79 49.13 11.59 37.22 0.33 filler filler filler filler filler Vegetable Oils 2015/16 11.21 17.03 1.25 14.54 1.24 2016/17 (Est.) 11.52 17.48 1.38 14.65 1.45 filler filler filler filler filler 2017/18 (Proj.) Jun 11.81 17.94 1.32 15.16 1.46 2017/18 (Proj.) Jul 11.82 18.03 1.32 15.17 1.53 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2015/16 405.23 490.27 99.21 391.03 83.14 2016/17 (Est.) 444.19 525.76 110.20 414.00 93.28 filler filler filler filler filler 2017/18 (Proj.) Jun 446.23 535.17 112.57 428.80 88.56 2017/18 (Proj.) Jul 446.89 538.58 113.24 430.28 90.46 filler filler filler filler filler Oilmeals 2015/16 263.26 275.63 75.58 268.10 15.16 2016/17 (Est.) 278.76 289.88 78.78 280.63 16.53 filler filler filler filler filler 2017/18 (Proj.) Jun 288.57 300.68 81.08 292.59 15.44 2017/18 (Proj.) Jul 289.63 302.14 81.29 293.83 16.07 filler filler filler filler filler Vegetable Oils 2015/16 165.58 184.03 72.23 163.39 19.03 2016/17 (Est.) 174.79 189.09 76.17 168.94 17.15 filler filler filler filler filler 2017/18 (Proj.) Jun 182.75 195.16 77.88 174.18 18.34 2017/18 (Proj.) Jul 183.17 195.57 77.99 174.23 18.48 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. July 2017 WASDE - 567 - 11 U.S. Wheat Supply and Use 1/ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Jun Jul Million Acres Area Planted 55.0 50.2 46.1 * 45.7 Area Harvested 47.3 43.9 38.5 * 38.1 Bushels Yield per Harvested Acre 43.6 52.6 47.3 * 46.2 Million Bushels Beginning Stocks 752 976 1,161 1,184 Production 2,062 2,310 1,824 1,760 Imports 113 118 130 140 Supply, Total 2,927 3,403 3,115 3,084 Food 957 955 955 955 Seed 67 61 66 66 Feed and Residual 149 148 170 150 Domestic, Total 1,174 1,164 1,191 1,171 Exports 778 1,055 1,000 975 Use, Total 1,951 2,219 2,191 2,146 Ending Stocks 976 1,184 924 938 Avg. Farm Price ($/bu) 2/ 4.89 3.89 3.90 - 4.70 4.40 - 5.20 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2016/17 (Est.) Beginning Stocks 446 272 157 74 28 976 Production 1,082 493 345 286 104 2,310 Supply, Total 3/ 1,532 807 535 367 162 3,403 Domestic Use 484 251 228 98 102 1,164 Exports 455 321 92 163 24 1,055 Use, Total 939 572 320 262 126 2,219 Ending Stocks, Total 593 235 215 105 36 1,184 2017/18 (Proj.) Beginning Stocks 593 235 215 105 36 1,184 Production 758 385 306 254 57 1,760 Supply, Total 3/ 1,358 683 543 367 134 3,084 Domestic Use 495 271 217 100 88 1,171 Exports 415 290 90 160 20 975 Use, Total 910 561 307 260 108 2,146 Ending Stocks, Total Jul 448 122 236 107 26 938 Ending Stocks, Total Jun NA NA NA NA NA NA Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. * For June, planted acres reported in the March 31, 2017, "Prospective Plantings." Winter wheat area harvested and yield reported in the June 9, 2017, "Crop Production." Area harvested and yield for other spring wheat and durum projected using 10- year harvested -to-planted ratios by state and 1985- 2015 yield trends by state (except for Arizona, California, and Idaho durum). For July, area planted, area harvested, yield, and production as reported in the July 12, 2017, "Crop Production." July 2017 WASDE - 567 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Jun Jul Million Acres Area Planted 103.2 106.6 101.0 * 101.8 * Area Harvested 93.0 96.5 90.5 * 91.6 * Metric Tons Yield per Harvested Acre 3.94 4.17 4.09 4.09 Million Metric Tons Beginning Stocks 46.9 48.1 62.3 64.7 Production 366.7 402.3 370.1 375.0 Imports 3.7 3.2 3.3 3.3 Supply, Total 417.4 453.6 435.7 443.0 Feed and Residual 135.2 143.5 141.5 142.9 Food, Seed & Industrial 176.8 183.0 184.8 184.8 Domestic, Total 312.1 326.5 326.4 327.8 Exports 57.2 62.4 52.8 52.8 Use, Total 369.3 388.9 379.2 380.6 Ending Stocks 48.1 64.7 56.5 62.4 CORN 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. June July Million Acres Area Planted 88.0 94.0 90.0 * 90.9 * Area Harvested 80.8 86.7 82.4 * 83.5 * Bushels Yield per Harvested Acre 168.4 174.6 170.7 * 170.7 * Million Bushels Beginning Stocks 1,731 1,737 2,295 2,370 Production 13,602 15,148 14,065 14,255 Imports 68 55 50 50 Supply, Total 15,401 16,940 16,410 16,675 Feed and Residual 5,113 5,425 5,425 5,475 Food, Seed & Industrial 2/ 6,650 6,920 7,000 7,000 Ethanol & by -products 3/ 5,224 5,450 5,500 5,500 Domestic, Total 11,763 12,345 12,425 12,475 Exports 1,901 2,225 1,875 1,875 Use, Total 13,664 14,570 14,300 14,350 Ending Stocks 1,737 2,370 2,110 2,325 Avg. Farm Price ($/bu) 4/ 3.61 3.25 - 3.45 3.00 - 3.80 2.90 - 3.70 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by -products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing - year weighted average price received by farmers. * For June, planted acres reported in the March 31, 2017, "Prospective Plantings." Harvested acres projected based on historical abandonment and use for silage. For July, corn planted and harvested area as reported in the June 30, 2 017, "Acreage." The yield projection is based on a weather -adjusted trend assuming normal mid -May planting progress and summer growing season weather, estimated using the 1988 -2016 time period, and includes a downward stochastic adjustment to account for the asymmetric response of yield to July precipitation. July 2017 WASDE - 567 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Jun Jul Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 8.5 6.7 5.8 * 6.0 * Area Harvested (mil. acres) 7.9 6.2 4.9 * 5.3 * Yield (bushels/acre) 76.0 77.9 67.1 * 67.0 * Beginning Stocks 18 37 53 53 Production 597 480 331 356 Imports 5 1 0 0 Supply, Total 620 518 384 409 Feed and Residual 107 130 55 60 Food, Seed & Industrial 137 110 100 100 Total Domestic 244 240 155 160 Exports 340 225 200 200 Use, Total 583 465 355 360 Ending Stocks 37 53 29 49 Avg. Farm Price ($/ bu) 2/ 3.31 2.60 - 2.70 2.60 - 3.40 2.50 - 3.30 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. June July Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.6 3.1 2.5 * 2.4 * Area Harvested (mil. acres) 3.2 2.6 2.2 * 1.9 * Yield (bushels/acre) 69.1 77.9 72.6 * 73.5 * Beginning Stocks 79 102 93 108 Production 218 199 159 143 Imports 19 10 15 15 Supply, Total 315 311 267 266 Feed and Residual 50 46 35 35 Food, Seed & Industrial 153 153 153 153 Total Domestic 202 199 188 188 Exports 11 4 5 5 Use, Total 213 203 193 193 Ending Stocks 102 108 74 73 Avg. Farm Price ($/bu) 2/ 5.52 4.96 4.65 - 5.65 5.05 - 6.05 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. June July Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.1 2.8 2.7 * 2.5 * Area Harvested (mil. acres) 1.3 1.0 1.0 * 0.9 * Yield (bushels/acre) 70.2 66.0 67.0 * 61.0 * Beginning Stocks 54 57 42 52 Production 90 65 67 54 Imports 86 90 100 100 Supply, Total 229 212 209 206 Feed and Residual 93 78 90 90 Food, Seed & Industrial 77 78 80 80 Total Domestic 170 156 170 170 Exports 2 3 2 2 Use, Total 172 159 172 172 Ending Stocks 57 52 37 34 Avg. Farm Price ($/bu) 2/ 2.12 2.06 1.95 - 2.45 2.15 - 2.65 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. * For June-- Planted acres reported in the March 31, 2017, "Prospect ive Plantings." Harvested area for sorghum, barley and oats based on historical average harvested -to-planted ratios. For sorghum the yield is the median yield for 1985- 2016. For barley and oats, projected yields are based on the 1990-2016 trends. Yields shown reflect production rounding. For July --Sorghum planted and harvested area as reported in the June 30, 2017, "Acreage." Sorghum yield is the median yield for 1985 -2016. Barley and oats area planted, area harvested, yield, and production as reported i n the July 12, 2017, "Crop Production." July 2017 WASDE - 567 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Jun Jul Million Acres Area Planted 2.63 3.15 2.63 * 2.56 * Area Harvested 2.59 3.10 2.61 * 2.48 * Fil ler Pounds Yield per Harvested Acre 7,472 7,237 7,716 * 7,707 * Million Hundredweight Beginning Stocks 2/ 48.5 46.5 46.1 46.1 Production 193.1 224.1 201.0 191.3 Imports 24.1 23.5 24.0 24.2 Supply, Total 265.8 294.1 271.1 261.6 Domestic & Residual 3/ 112.4 132.0 125.0 120.0 Exports, Total 4/ 107.0 116.0 112.0 109.0 Rough 39.3 42.0 44.0 41.0 Milled (rough equiv.) 67.7 74.0 68.0 68.0 Use, Total 219.3 248.0 237.0 229.0 Ending Stocks 46.5 46.1 34.1 32.6 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 12.20 10.50 11.00 - 12.00 11.80 - 12.80 Total LONG -GRAIN RICE 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. June July Harvested Acres (mil.) 1.85 2.40 Yield (pounds/acre) 7,219 6,927 Beginning Stocks 26.5 22.7 27.7 31.5 Production 133.4 166.5 142.0 136.4 Supply, Total 7/ 180.7 209.5 190.7 188.9 Domestic & Residual 3/ 82.1 100.0 95.0 92.0 Exports 8/ 75.9 78.0 77.0 77.0 Use, Total 158.0 178.0 172.0 169.0 Ending Stocks 22.7 31.5 18.7 19.9 Avg. Farm Price ($/cwt) 6/ 11.20 9.70 10.50 - 11.50 11.20 - 12.20 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. June July Harvested Acres (mil.) 0.74 0.69 Yield (pounds/acre) 8,107 8,311 Beginning Stocks 20.2 20.9 15.6 11.8 Production 59.7 57.7 59.0 54.9 Supply, Total 7/ 82.2 81.8 77.6 69.9 Domestic & Residual 3/ 30.3 32.0 30.0 28.0 Exports 8/ 31.0 38.0 35.0 32.0 Use, Total 61.3 70.0 65.0 60.0 Ending Stocks 20.9 11.8 12.6 9.9 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 15.30 12.80 12.40 - 13.40 13.40 - 14.40 California 10/ 18.10 13.50 13.10 - 14.10 14.00 - 15.00 Other States 1/ 11.20 10.10 10.80 - 11.80 11.40 - 12.40 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2015/16 -2.9; 2016/17 -2.9; 2017/18 -2.9. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and endin g stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by far mers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.65 per cwt from 2008/09 -2013/14, with a high of $3.50 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. * For June -- Planted acres reported in March 31, 2017 "Prospective Plantings". Harvested acres are estimated using the average harvested -to-planted ratios by rice class, 2012- 2016. For July -- Planted and harvested area reported in June 30, 2017 "Acreage" report. For June and July: projected yield is based on linear trend analysis by rice class for the period 1997/ 98 to 2016/17. July 2017 WASDE - 567 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Jun Jul Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 82.7 83.4 89.5 * 89.5 ** Area Harvested 81.7 82.7 88.6 * 88.7 ** Fil ler Bushels Yield per Harvested Acre 48.0 52.1 48.0 * 48.0 ** Million Bushels Beginning Stocks 191 197 450 410 Production 3,926 4,307 4,255 4,260 Imports 24 25 25 25 Supply, Total 4,140 4,528 4,730 4,695 Crushings 1,886 1,900 1,950 1,950 Exports 1,942 2,100 2,150 2,150 Seed 97 104 101 101 Residual 18 14 34 34 Use, Total 3,944 4,118 4,235 4,235 Ending Stocks 197 410 495 460 Avg. Farm Price ($/bu) 2/ 8.95 9.50 8.30 - 10.30 8.40 - 10.40 Total SOYBEAN OIL 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. June July Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,855 1,687 1,987 2,097 Production 4/ 21,950 22,060 22,620 22,620 Imports 287 350 300 325 Supply, Total 24,092 24,097 24,907 25,042 Domestic Disappearance 20,162 19,600 20,450 20,450 Biodiesel 3/ 5,670 6,000 6,450 6,450 Food, Feed & other Industrial 14,492 13,600 14,000 14,000 Exports 2,243 2,400 2,300 2,300 Use, Total 22,405 22,000 22,750 22,750 Ending stocks 1,687 2,097 2,157 2,292 Avg. Price (c/lb) 2/ 29.86 32.00 30.00 - 34.00 30.00 - 34.00 Total SOYBEAN MEAL 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. June July Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 260 264 300 300 Production 4/ 44,672 44,636 46,300 46,300 Imports 403 350 300 300 Supply, Total 45,336 45,250 46,900 46,900 Domestic Disappearance 33,118 33,050 34,200 34,200 Exports 11,954 11,900 12,400 12,400 Use, Total 45,072 44,950 46,600 46,600 Ending Stocks 264 300 300 300 Avg. Price ($/s.t.) 2/ 324.56 320.00 295.00 - 335.00 300.00 - 340.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of cru de soyb ean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made from methyl ester as reported by the U.S. Energy Inf ormation Administration. 4/ Based on an October year crush of 1,900 million bushels for 2016/17 and 1,950 million bushels for 2017/18. *Planted acres are reported in the March 31, 2017 Prospective Plantings. Harvested acres are based on the 5 -year average harvested to planted ratio. The projected yield is based on a weather -adjusted trend model. **P lanted and harvested acres are from the June 30, 2017 Acreage report. The projected yield is based on a weather -adjusted trend model . July 2017 WASDE - 567 - 16 U.S. Sugar Supply and Use 1/ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Jun Jul Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,815 2,053 1,536 1,440 Production 2/ 8,989 8,836 8,738 8,738 Beet Sugar 5,119 4,988 4,988 4,988 Cane Sugar 3,870 3,848 3,750 3,750 Florida 2,173 2,055 2,000 2,000 Hawaii 152 43 0 0 Louisiana 1,428 1,612 1,600 1,600 Texas 116 138 150 150 Imports 3,341 3,130 3,332 3,557 TRQ 3/ 1,620 1,578 1,373 1,549 Other Program 4/ 396 375 175 175 Other 5/ 1,325 1,177 1,784 1,833 Mexico 1,309 1,162 1,774 1,823 Total Supply 14,145 14,020 13,606 13,735 Exports 74 125 25 25 Deliveries 12,051 12,455 12,477 12,578 Food 6/ 11,881 12,300 12,322 12,423 Other 7/ 170 155 155 155 Miscellaneous -33 0 0 0 Total Use 12,091 12,580 12,502 12,603 Ending Stocks 2,053 1,440 1,104 1,132 Stocks to Use Ratio 17.0 11.4 8.8 9.0 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2016/17 and 2017/18 are based on Crop Production and processor projections where appropriate. 3/ For 2017/18, WTO raw sugar TRQ shortfall (99). For 2016/17, WTO raw sugar TRQ shortfall (99) 4/ Includes sugar under the re -export and polyhydric alcohol programs. 5/ For 2015/16, other high- tier (16) and other (0). For 2016/17, other high- tier (15) and other (0). For 2017/18, other high -tier (10) and other (0). 6/For 2014/15, combines SMD de liveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar -containing products for reexport, and for nonedible alcohol, feed, and ethanol. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2016/17 Est. Jun 1,037 5,985 75 4,851 1,145 1,101 2016/17 Est. Jul 1,037 5,957 85 4,851 1,160 1,068 2017/18 Proj. Jun 1,101 6,100 75 4,918 1,544 815 2017/18 Proj. Jul 1,068 6,100 75 4,858 1,571 815 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): Oct -Sep 2015/16 = 1,482, estimated Oct -Sep 2016/17 = 1,484; projected 2017/18 = 1,484; Oct - May 2015/16 = 938, Oct - May 2016/17 = 998. Footnote source: Comite Nacional para el Desarollo Sust entable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2015/16 (390 est), 2016/17 (390 est), 2017/18 (330 proj). Other Deliveries/End ing Year Statistical Adjustments: 2015/16 ( -10), 2016/17 (0), 2017/18 (0). July 2017 WASDE - 567 - 17 U.S. Cotton Supply and Use 1/ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Jun Jul Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 8.58 10.07 12.23 * 12.06 ** Harvested 8.07 9.51 11.38 * 11.18 ** Fil ler Pounds Yield per Harvested Acre 766 867 810 * 816 ** Million 480 Pound Bales Beginning Stocks 3.65 3.80 3.20 3.20 Production 12.89 17.17 19.20 19.00 Imports 0.03 0.01 0.01 0.01 Supply, Total 16.57 20.98 22.41 22.21 Domestic Use 3.45 3.30 3.40 3.40 Exports, Total 9.15 14.50 13.50 13.50 Use, Total 12.60 17.80 16.90 16.90 Unaccounted 2/ 0.17 -0.02 0.01 0.01 Ending Stocks 3.80 3.20 5.50 5.30 Avg. Farm Price 3/ 61.2 68.0 54.00 - 74.00 54.00 - 68.00 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. *Planted area as reported in March 31, 2017 Prospective Plantings. Harvested area based on 10 -year average abandonment by region, with the Southwest adjusted to 10 percent to reflect favorable moisture conditions. Yie ld per harvested acre based on 5 -year average yields by region. **Planted area as reported in June 30, 2017 Plantings. Harvested area based on 10- year average abandonment by region, with the Southwest adjusted to 10 percent to reflect favorable moisture conditions. Yield per harvested acre based on 5 -year average yields by region. July 2017 WASDE - 567 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 217.70 736.98 169.98 136.44 711.83 172.87 242.84 United States 20.48 56.12 3.07 4.06 31.94 21.17 26.55 Total Foreign 197.22 680.87 166.91 132.38 679.89 151.70 216.29 Major Exporters 4/ 29.26 223.54 7.57 65.68 150.85 82.54 26.99 Argentina 4.80 11.30 0.01 0.20 5.90 9.60 0.62 Australia 4.67 24.17 0.15 3.80 7.23 16.12 5.64 Canada 7.09 27.59 0.49 2.68 7.87 22.13 5.18 European Union 5/ 12.70 160.48 6.92 59.00 129.85 34.69 15.56 Major Importers 6/ 113.12 205.47 92.30 27.86 264.70 6.43 139.76 Brazil 0.87 5.54 6.75 0.50 11.10 1.06 1.00 China 76.11 130.19 3.48 10.50 112.00 0.73 97.04 Sel. Mideast 7/ 13.65 19.91 19.19 4.85 37.77 0.55 14.43 N. Africa 8/ 13.21 19.98 27.80 2.28 43.67 0.70 16.63 Pakistan 3.71 25.10 0.02 0.80 24.40 0.60 3.83 Southeast Asia 9/ 3.82 0.00 24.55 8.04 22.37 0.97 5.04 Selected Other India 17.22 86.53 0.47 4.20 88.55 1.13 14.54 FSU-12 20.66 117.96 7.40 26.74 77.78 51.48 16.77 Russia 6.29 61.04 0.82 14.00 37.00 25.54 5.61 Kazakhstan 3.28 13.75 0.07 2.10 6.90 7.60 2.60 Ukraine 5.68 27.27 0.03 5.10 12.20 17.43 3.35 2016/17 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 242.84 754.31 177.28 146.19 739.11 181.64 258.05 United States 26.55 62.86 3.22 4.02 31.68 28.72 32.23 Total Foreign 216.29 691.45 174.06 142.17 707.43 152.92 225.82 Major Exporters 4/ 26.99 229.28 5.94 66.10 152.56 82.20 27.45 Argentina 0.62 17.00 0.01 0.10 5.90 11.20 0.52 Australia 5.64 35.11 0.15 4.50 7.96 24.00 8.94 Canada 5.18 31.70 0.49 5.00 10.20 20.00 7.16 European Union 5/ 15.56 145.47 5.30 56.50 128.50 27.00 10.83 Major Importers 6/ 139.76 200.16 94.33 35.42 276.93 6.10 151.21 Brazil 1.00 6.73 7.10 0.80 11.90 0.70 2.23 China 97.04 128.85 4.40 16.50 118.50 0.80 110.99 Sel. Mideast 7/ 14.43 20.24 17.70 4.95 39.05 0.54 12.78 N. Africa 8/ 16.63 14.08 28.30 2.28 44.72 0.65 13.64 Pakistan 3.83 25.60 0.03 0.80 24.50 0.60 4.35 Southeast Asia 9/ 5.04 0.00 25.70 8.89 24.37 1.04 5.33 Selected Other India 14.54 87.00 5.90 4.70 97.50 0.40 9.54 FSU-12 16.77 130.54 7.45 28.05 79.17 53.72 21.87 Russia 5.61 72.53 0.50 17.00 40.00 27.80 10.84 Kazakhstan 2.60 14.99 0.09 2.10 6.90 6.80 3.97 Ukraine 3.35 26.80 0.04 3.60 10.30 18.00 1.88 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, K uwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2017 WASDE - 567 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jun 256.43 739.53 178.73 139.12 734.77 178.55 261.19 Jul 258.05 737.83 178.02 139.31 735.28 178.42 260.60 United States Jun 31.61 49.64 3.54 4.63 32.41 27.22 25.16 Jul 32.23 47.89 3.81 4.08 31.87 26.54 25.53 Total Foreign Jun 224.82 689.89 175.20 134.49 702.35 151.33 236.04 Jul 225.82 689.94 174.21 135.23 703.41 151.89 235.06 Major Exporters 4/ Jun 27.54 221.60 7.11 63.60 150.05 83.00 23.21 Jul 27.45 219.35 7.11 63.60 150.05 82.50 21.36 Argentina Jun 0.52 17.50 0.01 0.10 6.00 11.50 0.53 Jul 0.52 17.50 0.01 0.10 6.00 11.50 0.53 Australia Jun 8.83 25.00 0.15 4.50 8.00 19.00 6.98 Jul 8.94 23.50 0.15 4.50 8.00 19.00 5.59 Canada Jun 7.16 28.35 0.45 3.50 8.80 22.00 5.16 Jul 7.16 28.35 0.45 3.50 8.80 22.00 5.16 European Union 5/ Jun 11.03 150.75 6.50 55.50 127.25 30.50 10.53 Jul 10.83 150.00 6.50 55.50 127.25 30.00 10.08 Major Importers 6/ Jun 149.66 204.56 92.86 29.58 275.49 6.52 165.07 Jul 151.21 203.55 92.33 29.58 275.27 6.52 165.30 Brazil Jun 2.13 5.60 7.00 0.50 11.70 1.00 2.03 Jul 2.23 5.60 7.00 0.50 11.70 1.00 2.13 China Jun 110.79 131.00 3.00 13.00 116.00 0.80 127.99 Jul 110.99 130.00 3.00 13.00 116.00 0.80 127.19 Sel. Mideast 7/ Jun 12.35 19.49 18.73 4.92 39.98 0.74 9.85 Jul 12.78 19.48 18.40 4.92 39.85 0.74 10.07 N. Africa 8/ Jun 13.58 17.80 28.35 2.18 45.28 0.69 13.77 Jul 13.64 17.80 28.15 2.18 45.28 0.69 13.63 Pakistan Jun 4.25 26.20 0.03 0.90 25.40 0.60 4.48 Jul 4.35 26.20 0.03 0.90 25.40 0.60 4.58 Southeast Asia 9/ Jun 4.67 0.00 24.75 7.09 23.34 1.03 5.05 Jul 5.33 0.00 24.75 7.09 23.24 1.03 5.81 Selected Other India Jun 9.54 96.00 4.00 5.00 99.00 0.50 10.04 Jul 9.54 96.00 4.00 5.00 99.00 0.50 10.04 FSU-12 Jun 22.09 123.01 8.02 28.60 79.99 51.36 21.78 Jul 21.87 125.17 7.93 29.30 80.53 52.49 21.96 Russia Jun 11.13 69.00 0.50 17.00 40.00 29.00 11.63 Jul 10.84 72.00 0.50 18.00 41.00 30.50 11.84 Kazakhstan Jun 3.93 13.00 0.05 2.10 6.90 7.00 3.08 Jul 3.97 13.00 0.05 2.10 6.90 7.00 3.12 Ukraine Jun 2.08 25.00 0.03 3.90 10.60 14.50 2.01 Jul 1.88 24.00 0.03 3.60 10.20 14.00 1.71 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, K uwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2017 WASDE - 567 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 246.64 1,259.04 181.39 769.02 1,256.47 163.33 249.20 United States 46.95 367.01 3.93 135.52 312.60 57.18 48.11 Total Foreign 199.69 892.03 177.46 633.50 943.88 106.15 201.09 Major Exporters 4/ 20.12 153.80 7.92 84.13 113.32 51.62 16.90 Argentina 4.27 37.94 0.01 9.36 14.32 25.22 2.68 Australia 1.53 12.44 0.00 4.19 5.87 6.94 1.17 Brazil 8.24 69.13 3.97 50.89 60.24 14.03 7.07 Canada 3.33 25.62 1.55 13.91 21.24 4.60 4.67 Major Importers 5/ 49.22 246.22 124.04 272.02 353.80 15.71 49.96 European Union 6/ 18.89 152.65 14.24 117.09 157.26 13.11 15.40 Japan 1.77 0.18 17.06 13.29 17.26 0.00 1.75 Mexico 4.83 32.38 14.95 26.72 44.72 1.56 5.89 N. Afr & Mideast 7/ 14.53 32.88 32.81 56.12 64.47 0.11 15.63 Saudi Arabia 3.36 0.36 14.79 13.60 14.11 0.00 4.41 Southeast Asia 8/ 3.71 27.51 15.20 33.16 41.22 0.93 4.28 South Korea 1.89 0.19 10.19 7.83 10.32 0.00 1.95 Selected Other China 101.92 231.40 17.50 166.44 238.74 0.03 112.05 FSU-12 7.54 82.55 0.53 39.40 54.58 31.25 4.80 Russia 2.43 37.43 0.11 20.25 29.64 9.00 1.33 Ukraine 3.29 33.39 0.05 9.94 13.57 21.19 1.97 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 249.20 1,362.14 174.90 800.11 1,348.63 197.27 262.70 United States 48.11 402.60 3.37 143.74 327.02 62.38 64.68 Total Foreign 201.09 959.54 171.54 656.37 1,021.61 134.89 198.02 Major Exporters 4/ 16.90 208.03 2.56 89.29 120.89 80.99 25.60 Argentina 2.68 48.67 0.01 10.76 16.03 30.51 4.82 Australia 1.17 16.91 0.00 4.14 5.81 9.88 2.39 Brazil 7.07 99.85 1.20 53.33 63.89 34.03 10.20 Canada 4.67 25.63 1.09 14.57 22.05 4.35 4.99 Major Importers 5/ 49.96 242.44 124.80 279.68 361.95 9.38 45.88 European Union 6/ 15.40 151.96 13.71 119.45 159.97 7.46 13.64 Japan 1.75 0.17 16.87 13.19 17.18 0.00 1.62 Mexico 5.89 33.50 15.61 27.95 46.87 0.75 7.38 N. Afr & Mideast 7/ 15.63 26.28 35.61 57.01 64.84 0.15 12.53 Saudi Arabia 4.41 0.36 14.71 14.60 15.11 0.00 4.37 Southeast Asia 8/ 4.28 29.89 13.72 35.36 43.17 1.03 3.69 South Korea 1.95 0.20 9.89 7.64 10.11 0.00 1.93 Selected Other China 112.05 227.44 14.15 172.35 251.03 0.05 102.57 FSU-12 4.80 93.25 0.70 41.89 57.27 35.79 5.69 Russia 1.33 40.77 0.11 22.18 31.83 8.32 2.06 Ukraine 1.97 39.26 0.06 9.68 13.15 26.01 2.13 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and ex ports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, sel ected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2017 WASDE - 567 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jun 260.16 1,310.33 178.95 812.20 1,349.50 186.83 220.98 Jul 262.70 1,316.44 178.76 814.50 1,351.24 186.13 227.91 United States Jun 62.30 370.39 3.53 141.77 326.86 52.85 56.50 Jul 64.68 375.34 3.53 143.19 328.28 52.85 62.41 Total Foreign Jun 197.86 939.93 175.42 670.43 1,022.64 133.98 164.48 Jul 198.02 941.10 175.23 671.31 1,022.95 133.28 165.50 Major Exporters 4/ Jun 24.98 195.95 2.05 90.99 122.88 78.61 21.49 Jul 25.60 195.10 2.05 91.19 122.97 78.21 21.57 Argentina Jun 4.17 47.65 0.01 10.82 16.38 31.11 4.34 Jul 4.82 47.25 0.01 11.32 16.78 30.81 4.49 Australia Jun 2.41 11.88 0.00 4.34 6.02 7.23 1.05 Jul 2.39 11.43 0.00 4.04 5.71 7.13 0.98 Brazil Jun 10.20 97.60 0.85 54.30 64.75 34.02 9.89 Jul 10.20 97.60 0.85 54.30 64.75 34.02 9.89 Canada Jun 4.99 25.78 0.86 15.61 23.27 4.55 3.81 Jul 4.99 25.78 0.86 15.61 23.27 4.55 3.81 Major Importers 5/ Jun 45.13 244.42 130.30 285.73 368.35 11.33 40.17 Jul 45.88 245.92 130.20 287.03 369.65 11.28 41.07 European Union 6/ Jun 13.49 153.50 15.61 119.90 160.52 9.81 12.27 Jul 13.64 152.70 15.61 119.70 160.32 9.61 12.02 Japan Jun 1.62 0.17 16.72 13.06 17.05 0.00 1.46 Jul 1.62 0.17 16.72 13.06 17.05 0.00 1.46 Mexico Jun 7.00 31.83 16.20 29.22 48.19 0.70 6.14 Jul 7.38 31.83 16.20 29.22 48.19 0.70 6.51 N. Afr & Mideast 7/ Jun 12.79 28.62 37.28 58.77 66.77 0.10 11.82 Jul 12.53 30.32 37.18 59.57 67.57 0.25 12.22 Saudi Arabia Jun 4.37 0.36 14.51 15.55 16.11 0.00 3.13 Jul 4.37 0.36 14.51 15.55 16.11 0.00 3.13 Southeast Asia 8/ Jun 3.22 29.66 15.12 36.71 44.51 0.73 2.76 Jul 3.69 30.26 15.12 37.41 45.21 0.73 3.13 South Korea Jun 1.93 0.20 10.27 8.04 10.51 0.00 1.89 Jul 1.93 0.20 10.27 8.04 10.51 0.00 1.89 Selected Other China Jun 102.58 223.04 12.00 174.95 255.48 0.03 82.11 Jul 102.57 223.04 11.90 174.95 255.38 0.03 82.10 FSU-12 Jun 6.44 90.69 0.63 42.47 58.00 34.79 4.97 Jul 5.69 91.14 0.64 41.90 57.42 34.79 5.26 Russia Jun 2.56 41.15 0.11 22.50 32.25 9.56 2.00 Jul 2.06 41.65 0.11 22.30 32.05 9.66 2.10 Ukraine Jun 2.40 37.29 0.03 10.11 13.66 24.31 1.75 Jul 2.13 37.09 0.03 9.56 13.11 24.21 1.93 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and ex ports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, sel ected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2017 WASDE - 567 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 209.58 968.81 139.38 602.49 965.62 119.62 212.77 United States 43.97 345.51 1.72 129.87 298.79 48.29 44.12 Total Foreign 165.60 623.30 137.67 472.62 666.83 71.33 168.64 Major Exporters 4/ 13.19 104.21 5.67 60.60 77.67 36.48 8.93 Argentina 2.90 29.00 0.01 5.90 9.20 21.64 1.06 Brazil 7.84 67.00 3.42 49.00 57.50 14.00 6.77 South Africa 2.45 8.21 2.24 5.70 10.97 0.84 1.10 Major Importers 5/ 23.17 118.31 81.72 144.90 196.44 4.44 22.30 Egypt 2.30 6.00 8.78 12.45 14.85 0.01 2.22 European Union 6/ 9.63 58.73 13.77 55.50 73.50 1.95 6.68 Japan 1.35 0.00 15.19 11.60 15.20 0.00 1.34 Mexico 4.09 25.97 14.01 20.30 37.30 1.56 5.21 Southeast Asia 7/ 3.70 27.46 15.19 33.10 41.15 0.93 4.27 South Korea 1.86 0.08 10.12 7.80 10.12 0.00 1.94 Selected Other 0.00 Canada 1.40 13.56 1.37 7.07 12.35 1.74 2.24 China 100.47 224.63 3.17 153.50 217.50 0.00 110.77 FSU-12 3.09 39.87 0.38 17.43 20.14 21.42 1.78 Ukraine 1.82 23.33 0.03 6.30 7.70 16.60 0.89 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 212.77 1,068.79 136.96 631.33 1,054.05 159.74 227.51 United States 44.12 384.78 1.40 137.80 313.58 56.52 60.20 Total Foreign 168.64 684.02 135.56 493.53 740.47 103.22 167.31 Major Exporters 4/ 8.93 154.40 0.56 64.70 83.90 63.70 16.28 Argentina 1.06 41.00 0.01 7.30 11.00 27.50 3.57 Brazil 6.77 97.00 0.50 51.00 60.50 34.00 9.77 South Africa 1.10 16.40 0.05 6.40 12.40 2.20 2.95 Major Importers 5/ 22.30 124.10 80.00 147.45 200.20 3.78 22.43 Egypt 2.22 6.00 9.00 12.70 15.10 0.01 2.11 European Union 6/ 6.68 60.71 13.10 53.90 72.50 2.00 5.99 Japan 1.34 0.00 15.00 11.50 15.10 0.00 1.24 Mexico 5.21 27.40 14.80 22.00 39.90 0.75 6.76 Southeast Asia 7/ 4.27 29.84 13.70 35.30 43.10 1.02 3.69 South Korea 1.94 0.08 9.80 7.60 9.90 0.00 1.91 Selected Other 0.00 Canada 2.24 13.20 1.00 7.50 12.92 1.10 2.42 China 110.77 219.55 3.00 162.00 232.00 0.03 101.30 FSU-12 1.78 47.36 0.41 18.16 20.94 26.16 2.45 Ukraine 0.89 28.00 0.05 6.00 7.40 20.50 1.04 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting dis crepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra- trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2017 WASDE - 567 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jun 224.59 1,031.86 145.79 650.36 1,062.12 152.91 194.33 Jul 227.51 1,036.90 145.80 652.15 1,063.60 152.46 200.81 United States Jun 58.30 357.27 1.27 137.80 315.61 47.63 53.60 Jul 60.20 362.09 1.27 139.07 316.88 47.63 59.06 Total Foreign Jun 166.29 674.60 144.52 512.56 746.51 105.29 140.73 Jul 167.31 674.80 144.53 513.08 746.72 104.84 141.75 Major Exporters 4/ Jun 15.58 147.50 0.41 65.30 84.50 64.20 14.79 Jul 16.28 147.50 0.41 65.80 85.00 64.20 14.99 Argentina Jun 2.87 40.00 0.01 7.50 11.30 28.50 3.07 Jul 3.57 40.00 0.01 8.00 11.80 28.50 3.27 Brazil Jun 9.77 95.00 0.30 52.00 61.50 34.00 9.57 Jul 9.77 95.00 0.30 52.00 61.50 34.00 9.57 South Africa Jun 2.95 12.50 0.10 5.80 11.70 1.70 2.15 Jul 2.95 12.50 0.10 5.80 11.70 1.70 2.15 Major Importers 5/ Jun 21.61 122.77 85.30 152.70 205.75 3.93 19.99 Jul 22.43 122.97 85.30 153.40 206.45 3.73 20.51 Egypt Jun 2.11 6.00 10.00 13.40 15.90 0.01 2.20 Jul 2.11 6.00 10.00 13.40 15.90 0.01 2.20 European Union 6/ Jun 5.99 62.00 15.00 56.00 74.70 2.50 5.79 Jul 5.99 61.60 15.00 56.00 74.70 2.30 5.59 Japan Jun 1.24 0.00 15.00 11.50 15.10 0.00 1.15 Jul 1.24 0.00 15.00 11.50 15.10 0.00 1.15 Mexico Jun 6.41 25.00 15.50 22.70 40.70 0.70 5.51 Jul 6.76 25.00 15.50 22.70 40.70 0.70 5.86 Southeast Asia 7/ Jun 3.22 29.61 15.10 36.65 44.45 0.72 2.76 Jul 3.69 30.21 15.10 37.35 45.15 0.72 3.13 South Korea Jun 1.91 0.08 10.20 8.00 10.30 0.00 1.89 Jul 1.91 0.08 10.20 8.00 10.30 0.00 1.89 Selected Other Canada Jun 2.42 14.40 0.80 8.50 14.10 1.50 2.02 Jul 2.42 14.40 0.80 8.50 14.10 1.50 2.02 China Jun 101.31 215.00 3.00 166.00 238.00 0.02 81.29 Jul 101.30 215.00 3.00 166.00 238.00 0.02 81.28 FSU-12 Jun 2.61 48.85 0.36 20.03 22.81 26.71 2.30 Jul 2.45 48.80 0.37 19.40 22.18 26.71 2.73 Ukraine Jun 1.24 28.50 0.03 6.90 8.30 20.50 0.96 Jul 1.04 28.50 0.03 6.50 7.90 20.50 1.16 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2017 WASDE - 567 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 115.03 471.87 38.27 471.09 40.45 115.80 United States 1.55 6.13 0.77 3.58 3.40 1.48 Total Foreign 113.48 465.73 37.51 467.51 37.06 114.33 Major Exporters 4/ 31.54 154.59 0.61 128.07 29.50 29.18 India 17.80 104.41 0.00 93.57 10.24 18.40 Pakistan 1.21 6.80 0.01 2.80 4.30 0.92 Thailand 11.27 15.80 0.30 9.10 9.87 8.40 Vietnam 1.26 27.58 0.30 22.60 5.09 1.46 Major Importers 5/ 10.82 62.46 12.24 75.96 0.84 8.72 Brazil 0.64 7.21 0.90 7.90 0.55 0.31 European Union 6/ 1.15 2.05 1.80 3.55 0.27 1.18 Indonesia 4.11 36.20 1.00 37.80 0.00 3.51 Nigeria 0.99 2.71 2.10 5.20 0.00 0.60 Philippines 2.21 11.00 1.60 13.00 0.00 1.81 Sel. Mideast 7/ 1.23 1.89 3.25 5.58 0.00 0.80 Selected Other 0.00 Burma 0.55 12.16 0.03 10.75 1.30 0.69 C. Amer & Carib 8/ 0.46 1.62 1.91 3.43 0.03 0.53 China 57.44 145.77 4.80 144.00 0.27 63.74 Egypt 0.92 4.00 0.10 3.90 0.20 0.92 Japan 2.82 7.67 0.71 8.60 0.07 2.53 Mexico 0.17 0.16 0.69 0.89 0.00 0.13 South Korea 1.41 4.33 0.31 4.21 0.00 1.83 2016/17 Est. Beginning Sto c ks Production Imports Total /2 Dom estic Exports Ending Sto c ks World 3/ 115.80 483.81 38.89 481.11 42.63 118.50 United States 1.48 7.12 0.75 4.19 3.68 1.46 Total Foreign 114.33 476.69 38.14 476.92 38.95 117.03 Major Exporters 4/ 29.18 161.97 0.56 134.00 30.30 27.41 India 18.40 108.00 0.00 96.50 10.50 19.40 Pakistan 0.92 6.80 0.01 2.90 4.00 0.83 Thailand 8.40 19.20 0.25 12.00 10.00 5.85 Vietnam 1.46 27.97 0.30 22.60 5.80 1.33 Major Importers 5/ 8.72 64.96 11.25 75.82 1.03 8.07 Brazil 0.31 8.25 0.55 7.93 0.70 0.48 European Union 6/ 1.18 2.07 1.85 3.65 0.28 1.17 Indonesia 3.51 37.15 0.50 37.60 0.02 3.54 Nigeria 0.60 2.70 2.20 5.10 0.00 0.40 Philippines 1.81 11.50 1.00 12.90 0.00 1.41 Sel. Mideast 7/ 0.80 1.96 3.50 5.50 0.00 0.75 Selected Other 0.00 Burma 0.69 12.40 0.01 10.70 1.90 0.50 C. Amer & Carib 8/ 0.53 1.70 1.85 3.54 0.03 0.51 China 63.74 144.85 5.15 143.50 0.70 69.54 Egypt 0.92 4.80 0.15 4.20 0.10 1.57 Japan 2.53 7.78 0.69 8.55 0.08 2.37 Mexico 0.13 0.18 0.80 0.90 0.05 0.16 South Korea 1.83 4.20 0.41 4.70 0.00 1.74 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU -28. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. July 2017 WASDE - 567 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Jun 119.22 481.04 40.24 479.72 42.68 120.55 Jul 118.50 483.66 40.81 479.64 43.21 122.52 United States Jun 1.46 6.38 0.76 3.97 3.56 1.08 Jul 1.46 6.07 0.77 3.81 3.46 1.04 Total Foreign Jun 117.76 474.66 39.47 475.75 39.12 119.46 Jul 117.03 477.59 40.04 475.83 39.74 121.48 Major Exporters 4/ Jun 27.80 160.50 0.55 134.10 30.60 24.15 Jul 27.41 163.75 0.55 134.10 31.10 26.51 India Jun 19.40 106.00 0.00 97.00 10.50 17.90 Jul 19.40 108.00 0.00 97.00 11.00 19.40 Pakistan Jun 0.83 6.90 0.00 2.90 4.10 0.73 Jul 0.83 6.90 0.00 2.90 4.10 0.73 Thailand Jun 6.25 19.50 0.25 11.50 10.00 4.50 Jul 5.85 20.40 0.25 11.50 10.00 5.00 Vietnam Jun 1.32 28.10 0.30 22.70 6.00 1.02 Jul 1.33 28.45 0.30 22.70 6.00 1.38 Major Importers 5/ Jun 7.89 64.44 12.45 75.70 1.00 8.08 Jul 8.07 64.44 12.45 75.70 1.03 8.23 Brazil Jun 0.32 8.00 0.60 7.90 0.70 0.32 Jul 0.48 8.00 0.60 7.90 0.70 0.48 European Union 6/ Jun 1.20 2.08 1.90 3.75 0.25 1.18 Jul 1.17 2.08 1.90 3.75 0.28 1.12 Indonesia Jun 3.54 37.00 0.50 37.40 0.02 3.62 Jul 3.54 37.00 0.50 37.40 0.02 3.62 Nigeria Jun 0.40 2.77 2.20 4.90 0.00 0.47 Jul 0.40 2.77 2.20 4.90 0.00 0.47 Philippines Jun 1.41 11.20 1.80 12.90 0.00 1.51 Jul 1.41 11.20 1.80 12.90 0.00 1.51 Sel. Mideast 7/ Jun 0.70 1.96 3.60 5.60 0.00 0.66 Jul 0.75 1.96 3.60 5.60 0.00 0.71 Selected Other Burma Jun 0.70 12.30 0.01 10.85 1.70 0.46 Jul 0.50 12.30 0.01 10.75 1.70 0.36 C. Amer & Carib 8/ Jun 0.51 1.65 1.84 3.53 0.03 0.44 Jul 0.51 1.65 1.84 3.53 0.03 0.44 China Jun 69.59 145.00 4.80 143.00 0.70 75.69 Jul 69.54 145.00 5.00 143.00 0.80 75.74 Egypt Jun 1.57 4.00 0.05 4.25 0.20 1.17 Jul 1.57 4.00 0.05 4.25 0.20 1.17 Japan Jun 2.37 7.60 0.69 8.50 0.08 2.08 Jul 2.37 7.60 0.69 8.50 0.08 2.08 Mexico Jun 0.17 0.20 0.80 0.91 0.00 0.25 Jul 0.16 0.19 0.80 0.91 0.00 0.23 South Korea Jun 1.74 3.90 0.41 4.65 0.00 1.39 Jul 1.74 3.90 0.41 4.65 0.00 1.39 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Ph ilippines, selected Middle East, and the EU -28. 6/ Trade excludes intra -trade. 7/ S elected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. July 2017 WASDE - 567 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2015/16 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 111.75 96.76 35.19 111.23 35.28 0.03 97.17 United States 3.65 12.89 0.03 3.45 9.15 0.17 3.80 Total Foreign 108.10 83.87 35.16 107.78 26.13 -0.14 93.37 Major Exporters 4/ 30.34 47.08 1.77 31.65 23.03 -0.28 24.80 Central Asia 5/ 3.01 5.97 3/ 2.43 4.46 0.00 2.09 Afr. Fr. Zone 6/ 2.19 4.23 3/ 0.12 4.87 0.00 1.43 S. Hemis 7/ 11.37 9.98 0.25 4.11 7.69 -0.29 10.09 Australia 1.82 2.85 3/ 0.04 2.85 -0.15 1.93 Brazil 7.53 5.90 0.09 3.10 4.31 -0.15 6.26 India 13.49 26.40 1.07 24.25 5.76 0.00 10.94 Major Importers 8/ 75.90 34.00 31.10 71.95 2.07 0.14 66.84 Mexico 0.69 0.94 0.98 1.85 0.13 0.03 0.61 China 66.92 22.00 4.41 35.00 0.13 0.00 58.20 European Union 9/ 0.35 1.28 0.80 0.82 1.31 0.05 0.25 Turkey 1.60 2.65 4.22 6.65 0.23 0.00 1.58 Pakistan 2.89 7.00 3.30 10.30 0.25 0.03 2.62 Indonesia 0.60 0.01 2.94 3.00 0.02 0.00 0.53 Thailand 0.22 3/ 1.28 1.27 0.00 0.03 0.20 Bangladesh 1.33 0.12 6.20 6.10 0.00 0.01 1.54 Vietnam 0.68 3/ 4.50 4.40 0.00 0.00 0.78 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Use Exports Loss /2 Ending Sto c ks World 97.17 106.54 36.71 113.77 36.56 -0.18 90.27 United States 3.80 17.17 0.01 3.30 14.50 -0.02 3.20 Total Foreign 93.37 89.37 36.70 110.47 22.06 -0.16 87.07 Major Exporters 4/ 24.80 50.67 3.49 31.54 18.88 -0.27 28.83 Central Asia 5/ 2.09 5.90 3/ 2.55 2.98 0.00 2.47 Afr. Fr. Zone 6/ 1.43 4.96 3/ 0.12 4.56 0.01 1.70 S. Hemis 7/ 10.09 12.45 0.37 4.22 6.78 -0.30 12.21 Australia 1.93 4.40 3/ 0.04 3.40 -0.15 3.05 Brazil 6.26 6.80 0.20 3.20 2.80 -0.15 7.40 India 10.94 27.00 2.60 24.00 4.30 0.00 12.24 Major Importers 8/ 66.84 35.86 30.95 74.91 2.08 0.11 56.57 Mexico 0.61 0.76 1.00 1.75 0.15 0.03 0.44 China 58.20 22.75 5.00 37.50 0.05 0.00 48.40 European Union 9/ 0.25 1.31 0.72 0.73 1.33 0.03 0.20 Turkey 1.58 3.20 3.20 6.20 0.34 0.00 1.45 Pakistan 2.62 7.70 2.60 10.30 0.20 0.03 2.39 Indonesia 0.53 0.01 3.20 3.10 0.01 0.00 0.63 Thailand 0.20 3/ 1.20 1.18 0.00 0.03 0.20 Bangladesh 1.54 0.13 6.25 6.50 0.00 0.01 1.41 Vietnam 0.78 3/ 5.60 5.40 0.00 0.00 0.98 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addi tion to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. July 2017 WASDE - 567 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2017/18 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Jun 89.34 114.73 36.85 116.51 36.84 -0.15 87.71 Jul 90.27 115.36 36.77 117.03 36.81 -0.16 88.73 United States Jun 3.20 19.20 0.01 3.40 13.50 0.01 5.50 Jul 3.20 19.00 0.01 3.40 13.50 0.01 5.30 Total Foreign Jun 86.14 95.53 36.84 113.11 23.34 -0.16 82.21 Jul 87.07 96.36 36.76 113.63 23.31 -0.17 83.43 filler filler filler filler filler filler filler Major Exporters 4/ Jun 28.04 52.91 2.48 31.94 20.05 -0.28 31.72 Jul 28.83 53.92 2.14 32.50 20.05 -0.29 32.63 Central Asia 5/ Jun 2.42 6.25 3/ 2.65 3.10 0.00 2.92 Jul 2.47 6.19 3/ 2.65 3.05 0.00 2.96 Afr. Fr. Zone 6/ Jun 1.69 5.16 3/ 0.12 4.64 0.00 2.09 Jul 1.70 5.16 3/ 0.12 4.63 0.00 2.11 S. Hemis 7/ Jun 11.73 13.00 0.25 4.31 7.82 -0.29 13.14 Jul 12.21 13.07 0.26 4.32 7.87 -0.30 13.64 Australia Jun 2.65 4.80 3/ 0.04 4.25 -0.15 3.31 Jul 3.05 4.80 3/ 0.04 4.25 -0.15 3.71 Brazil Jun 7.36 7.00 0.10 3.30 3.10 -0.15 8.21 Jul 7.40 7.00 0.10 3.30 3.10 -0.15 8.25 India Jun 11.99 28.00 1.75 24.20 4.20 0.00 13.34 Jul 12.24 29.00 1.40 24.75 4.20 0.00 13.69 filler filler filler filler filler filler filler Major Importers 8/ Jun 56.42 39.76 31.92 77.10 2.20 0.11 48.69 Jul 56.57 39.59 32.15 77.10 2.20 0.11 48.90 Mexico Jun 0.47 1.25 0.85 1.80 0.15 0.03 0.59 Jul 0.44 1.15 0.93 1.80 0.15 0.03 0.54 China Jun 48.40 24.00 5.00 38.00 0.05 0.00 39.35 Jul 48.40 24.00 5.00 38.00 0.05 0.00 39.35 European Union 9/ Jun 0.21 1.38 0.72 0.74 1.26 0.03 0.28 Jul 0.20 1.36 0.72 0.74 1.24 0.03 0.27 Turkey Jun 1.36 3.70 3.40 6.55 0.28 0.00 1.63 Jul 1.45 3.80 3.40 6.55 0.35 0.00 1.75 Pakistan Jun 2.39 9.30 2.00 10.60 0.45 0.03 2.62 Jul 2.39 9.15 2.20 10.60 0.40 0.03 2.72 Indonesia Jun 0.63 3/ 3.20 3.20 0.01 0.00 0.63 Jul 0.63 3/ 3.20 3.20 0.01 0.00 0.63 Thailand Jun 0.20 3/ 1.28 1.25 0.00 0.03 0.20 Jul 0.20 3/ 1.30 1.25 0.00 0.03 0.23 Bangladesh Jun 1.41 0.13 7.10 6.90 0.00 0.01 1.72 Jul 1.41 0.13 7.10 6.90 0.00 0.01 1.72 Vietnam Jun 0.88 3/ 6.20 5.90 0.00 0.00 1.19 Jul 0.98 3/ 6.10 5.90 0.00 0.00 1.19 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addi tion to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. July 2017 WASDE - 567 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 77.37 312.87 133.41 275.01 314.22 132.39 77.05 United States 5.19 106.86 0.64 51.34 54.47 52.86 5.35 Total Foreign 72.18 206.01 132.77 223.67 259.75 79.53 71.69 Major Exporters 3/ 50.68 164.73 1.12 86.76 94.62 71.71 50.19 Argentina 31.70 56.80 0.68 43.27 47.56 9.92 31.70 Brazil 18.93 96.50 0.41 39.75 43.25 54.38 18.20 Paraguay 0.02 9.22 0.01 3.60 3.64 5.31 0.29 Major Importers 4/ 18.68 15.47 113.38 106.59 128.02 0.32 19.18 China 17.01 11.79 83.23 81.00 95.00 0.11 16.91 European Union 0.68 2.32 15.01 15.20 16.83 0.14 1.03 Japan 0.21 0.24 3.19 2.28 3.38 0.00 0.26 Mexico 0.07 0.33 4.13 4.40 4.43 0.00 0.10 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ 77.05 351.78 142.55 290.45 331.43 145.17 94.78 United States 5.35 117.21 0.68 51.71 54.92 57.15 11.17 Total Foreign 71.69 234.57 141.87 238.74 276.51 88.02 83.61 Major Exporters 3/ 50.19 185.87 1.74 91.10 99.21 79.17 59.41 Argentina 31.70 57.80 1.50 45.45 49.90 8.00 33.10 Brazil 18.20 114.00 0.22 41.50 45.10 61.50 25.82 Paraguay 0.29 10.67 0.01 3.95 3.99 6.60 0.37 Major Importers 4/ 19.18 16.84 120.49 112.43 135.03 0.38 21.10 China 16.91 12.90 91.00 86.50 101.50 0.15 19.16 European Union 1.03 2.41 14.00 14.80 16.44 0.20 0.81 Japan 0.26 0.24 3.20 2.30 3.46 0.00 0.24 Mexico 0.10 0.51 4.20 4.65 4.69 0.00 0.12 2017/18 Proj. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ Jun 93.21 344.67 147.61 301.53 344.21 149.06 92.22 Jul 94.78 345.09 148.60 302.23 345.27 149.66 93.53 United States Jun 12.26 115.80 0.68 53.07 56.75 58.51 13.48 Jul 11.17 115.94 0.68 53.07 56.75 58.51 12.53 Total Foreign Jun 80.95 228.87 146.93 248.46 287.47 90.55 78.74 Jul 83.61 229.15 147.92 249.16 288.53 91.15 81.00 Major Exporters 3/ Jun 58.21 176.40 1.47 91.65 99.92 80.35 55.81 Jul 59.41 176.40 1.72 91.65 99.92 80.85 56.76 Argentina Jun 32.75 57.00 1.20 45.50 50.00 8.50 32.45 Jul 33.10 57.00 1.50 45.50 50.00 8.50 33.10 Brazil Jun 25.00 107.00 0.25 42.00 45.70 63.50 23.05 Jul 25.82 107.00 0.20 42.00 45.70 64.00 23.32 Paraguay Jun 0.34 9.40 0.01 3.95 4.00 5.50 0.24 Jul 0.37 9.40 0.01 3.95 4.00 5.50 0.28 Major Importers 4/ Jun 19.71 17.69 124.37 118.62 141.83 0.38 19.56 Jul 21.10 17.89 125.17 119.42 142.93 0.38 20.85 China Jun 17.56 13.80 93.00 91.50 106.80 0.15 17.41 Jul 19.16 14.00 94.00 92.50 108.10 0.15 18.91 European Union Jun 1.02 2.45 15.00 15.60 17.24 0.20 1.03 Jul 0.81 2.45 14.80 15.40 17.04 0.20 0.82 Japan Jun 0.24 0.26 3.30 2.35 3.51 0.00 0.29 Jul 0.24 0.26 3.30 2.35 3.51 0.00 0.29 Mexico Jun 0.12 0.42 4.30 4.72 4.76 0.00 0.09 Jul 0.12 0.42 4.30 4.72 4.76 0.00 0.09 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports . Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan , Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). July 2017 WASDE - 567 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.50 215.82 61.90 213.55 65.35 12.32 United States 0.24 40.53 0.37 30.04 10.84 0.24 Total Foreign 13.26 175.30 61.53 183.50 54.51 12.08 Major Exporters 3/ 8.39 68.52 0.07 23.48 46.14 7.36 Argentina 4.03 33.21 0.00 2.68 30.33 4.23 Brazil 3.81 30.75 0.03 16.17 15.41 3.01 India 0.55 4.56 0.05 4.63 0.41 0.12 Major Importers 4/ 2.09 16.58 36.56 52.90 0.51 1.82 European Union 0.63 12.01 19.21 31.09 0.30 0.46 Southeast Asia 5/ 1.40 2.85 15.63 18.36 0.21 1.32 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 12.32 227.69 62.92 222.64 66.46 13.82 United States 0.24 40.49 0.32 29.98 10.80 0.27 Total Foreign 12.08 187.20 62.60 192.66 55.67 13.55 Major Exporters 3/ 7.36 74.16 0.03 24.79 47.90 8.86 Argentina 4.23 34.92 0.00 2.84 31.75 4.56 Brazil 3.01 32.12 0.02 16.80 14.75 3.60 India 0.12 7.12 0.01 5.15 1.40 0.70 Major Importers 4/ 1.82 16.63 37.23 53.35 0.57 1.75 European Union 0.46 11.69 19.00 30.59 0.33 0.23 Southeast Asia 5/ 1.32 3.19 16.43 19.21 0.24 1.48 2017/18 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Jun 13.27 236.92 65.42 233.97 69.13 12.51 Jul 13.82 237.43 65.73 234.85 68.87 13.27 United States Jun 0.27 42.00 0.27 31.03 11.25 0.27 Jul 0.27 42.00 0.27 31.03 11.25 0.27 Total Foreign Jun 13.00 194.92 65.15 202.94 57.88 12.24 Jul 13.55 195.43 65.46 203.83 57.62 13.00 Major Exporters 3/ Jun 8.44 75.02 0.03 26.11 49.53 7.85 Jul 8.86 75.02 0.03 26.26 49.28 8.37 Argentina Jun 4.24 35.00 0.00 3.06 32.33 3.86 Jul 4.56 35.00 0.00 3.06 32.33 4.18 Brazil Jun 3.50 32.50 0.02 17.25 15.50 3.27 Jul 3.60 32.50 0.02 17.40 15.25 3.47 India Jun 0.70 7.52 0.01 5.80 1.70 0.72 Jul 0.70 7.52 0.01 5.80 1.70 0.72 Major Importers 4/ Jun 1.91 17.50 38.73 55.72 0.53 1.89 Jul 1.75 17.32 38.73 55.44 0.53 1.83 European Union Jun 0.32 12.32 19.60 31.69 0.30 0.25 Jul 0.23 12.17 19.60 31.44 0.30 0.25 Southeast Asia 5/ Jun 1.55 3.41 17.25 20.38 0.23 1.59 Jul 1.48 3.39 17.25 20.35 0.23 1.54 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. July 2017 WASDE - 567 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 4.19 51.52 11.63 52.12 11.69 3.53 United States 0.84 9.96 0.13 9.15 1.02 0.77 Total Foreign 3.35 41.56 11.50 42.98 10.68 2.76 Major Exporters 3/ 0.96 18.95 0.39 11.43 8.16 0.71 Argentina 0.37 8.43 0.00 2.83 5.70 0.27 Brazil 0.38 7.63 0.07 6.29 1.55 0.24 European Union 0.21 2.89 0.33 2.31 0.92 0.21 Major Importers 4/ 1.53 15.87 6.85 22.89 0.17 1.19 China 0.78 14.52 0.59 15.25 0.10 0.53 India 0.52 1.03 4.27 5.30 0.00 0.51 North Africa 5/ 0.23 0.33 2.00 2.34 0.07 0.15 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 3.53 54.25 11.19 53.57 11.65 3.75 United States 0.77 10.01 0.16 8.89 1.09 0.95 Total Foreign 2.76 44.24 11.03 44.68 10.56 2.80 Major Exporters 3/ 0.71 19.57 0.33 11.89 7.85 0.88 Argentina 0.27 8.80 0.00 3.02 5.60 0.45 Brazil 0.24 7.96 0.06 6.56 1.40 0.30 European Union 0.21 2.81 0.27 2.31 0.85 0.13 Major Importers 4/ 1.19 17.62 6.05 23.59 0.18 1.09 China 0.53 15.50 0.62 16.00 0.11 0.54 India 0.51 1.60 3.70 5.40 0.00 0.41 North Africa 5/ 0.15 0.52 1.73 2.19 0.07 0.13 2017/18 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Jun 3.63 56.20 11.63 55.90 12.01 3.55 Jul 3.75 56.34 11.54 55.92 11.99 3.71 United States Jun 0.90 10.26 0.14 9.28 1.04 0.98 Jul 0.95 10.26 0.15 9.28 1.04 1.04 Total Foreign Jun 2.73 45.94 11.49 46.62 10.96 2.58 Jul 2.80 46.08 11.39 46.65 10.95 2.67 Major Exporters 3/ Jun 0.82 19.78 0.31 11.98 8.18 0.76 Jul 0.88 19.75 0.31 11.93 8.18 0.84 Argentina Jun 0.36 8.76 0.00 3.01 5.80 0.32 Jul 0.45 8.76 0.00 3.01 5.80 0.41 Brazil Jun 0.30 8.06 0.06 6.67 1.48 0.28 Jul 0.30 8.06 0.06 6.67 1.48 0.28 European Union Jun 0.16 2.96 0.25 2.31 0.90 0.16 Jul 0.13 2.93 0.25 2.26 0.90 0.16 Major Importers 4/ Jun 1.11 18.76 6.43 25.04 0.19 1.07 Jul 1.09 18.90 6.38 25.10 0.19 1.08 China Jun 0.55 16.40 0.55 16.85 0.10 0.55 Jul 0.54 16.58 0.50 16.95 0.10 0.57 India Jun 0.41 1.69 4.10 5.80 0.00 0.40 Jul 0.41 1.69 4.10 5.80 0.00 0.40 North Africa 5/ Jun 0.15 0.67 1.78 2.39 0.09 0.12 Jul 0.13 0.64 1.78 2.35 0.09 0.11 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tunisia. July 2017 WASDE - 567 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2016 III 6,472 6,100 12,626 10,338 1,515 11,997 24,623 2,161 52.6 IV 6,625 6,648 13,329 10,065 1,511 11,708 25,037 2,220 52.5 Annual 25,221 24,941 50,388 40,695 5,981 47,225 97,612 8,565 212.4 2017 I 6,300 6,409 12,764 10,233 1,487 11,848 24,612 2,174 53.6 II 6,410 6,135 12,598 10,400 1,500 12,035 24,633 2,170 55.4 III* 6,815 6,290 13,160 10,500 1,500 12,142 25,302 2,180 53.7 IV* 6,970 7,000 14,028 10,350 1,575 12,065 26,093 2,225 53.6 Annual Jun Proj. 26,225 25,894 52,340 41,458 6,092 48,095 100,435 8,749 216.7 Jul Proj. 26,495 25,834 52,550 41,483 6,062 48,090 100,640 8,749 216.3 2018 I* 6,450 6,535 13,037 10,400 1,510 12,045 25,082 2,205 54.6 II* 6,655 6,380 13,091 10,625 1,540 12,305 25,396 2,180 56.6 Annual Jun Proj. 27,110 26,910 54,238 42,275 6,255 49,080 103,318 8,890 221.7 Jul Proj. 27,065 26,735 54,018 42,275 6,180 49,005 103,023 8,890 221.2 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & mutton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2016 III 113.26 49.26 81.7 120.7 71.6 16.83 IV 107.69 37.02 78.0 116.6 81.7 17.67 Annual 120.86 46.16 84.3 117.1 85.7 16.24 2017 I 122.96 49.73 88.5 100.4 80.0 18.23 II 132.76 51.70 104.7 99.1 74.7 16.85 -16.95 III* 117-121 51-53 91-95 100-104 81-85 17.35 -17.75 IV* 113-121 41-45 84-90 106-114 99-107 18.25 -18.95 Annual Jun Proj. 122-126 46-48 91-94 102-105 83-86 17.80 -18.20 Jul Proj. 121-125 48-50 92-95 101-104 84-86 17.65 -17.95 2018 I* 115-125 48-52 86-94 96-104 84-90 18.05 -19.05 II* 113-123 49-53 86-94 99-107 79-85 17.55 -18.55 Annual Jun Proj. 113-123 43-46 85-92 102-111 87-94 18.10 -19.10 Jul Proj. 113-123 46-49 85-92 102-111 87-94 18.00 -19.00 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. July 2017 WASDE - 567 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2016 683 25,288 3,015 28,986 2,556 757 25,673 55.6 2017 Proj. Jun 757 26,292 2,759 29,808 2,806 650 26,352 56.5 Jul 757 26,562 2,789 30,108 2,816 650 26,642 57.1 2018 Proj. Jun 650 27,177 2,825 30,652 2,835 600 27,217 58.0 Jul 650 27,132 2,870 30,652 2,870 600 27,182 57.9 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2016 590 24,957 1,091 26,638 5,239 507 20,891 50.1 2017 Proj. Jun 507 25,910 1,064 27,481 5,747 635 21,099 50.2 Jul 507 25,850 1,064 27,421 5,747 600 21,074 50.1 2018 Proj. Jun 635 26,926 935 28,496 5,965 785 21,746 51.3 Jul 600 26,751 935 28,286 5,965 750 21,571 50.9 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2016 1,320 50,481 4,322 56,123 7,801 1,304 47,019 106.9 2017 Proj. Jun 1,304 52,433 4,058 57,795 8,560 1,325 47,910 107.9 Jul 1,304 52,643 4,095 58,042 8,569 1,290 48,183 108.5 2018 Proj. Jun 1,325 54,331 4,002 59,658 8,808 1,425 49,425 110.6 Jul 1,290 54,111 4,047 59,448 8,843 1,390 49,215 110.1 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2016 832 40,260 131 41,223 6,644 778 33,800 89.8 2017 Proj. Jun 778 41,014 132 41,924 6,976 745 34,203 90.0 Jul 778 41,039 132 41,949 6,976 745 34,228 90.1 2018 Proj. Jun 745 41,823 130 42,698 7,030 750 34,918 91.3 Jul 745 41,823 130 42,698 7,030 750 34,918 91.3 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2016 201 5,981 50 6,232 569 279 5,384 16.6 2017 Proj. Jun 279 6,092 37 6,408 603 300 5,505 16.9 Jul 279 6,062 37 6,378 603 300 5,475 16.8 2018 Proj. Jun 300 6,255 40 6,595 650 300 5,645 17.2 Jul 300 6,180 40 6,520 650 295 5,575 17.0 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2016 1,041 46,789 184 48,014 7,372 1,065 39,577 107.6 2017 Proj. Jun 1,065 47,651 172 48,888 7,718 1,053 40,117 108.2 Jul 1,065 47,646 172 48,883 7,718 1,053 40,112 108.1 2018 Proj. Jun 1,053 48,627 174 49,854 7,825 1,058 40,971 109.7 Jul 1,053 48,552 174 49,779 7,825 1,053 40,901 109.5 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2016 2,361 97,269 4,506 104,137 15,173 2,369 86,595 214.6 2017 Proj. Jun 2,369 100,084 4,230 106,683 16,278 2,378 88,026 216.1 Jul 2,369 100,289 4,267 106,925 16,287 2,343 88,294 216.6 2018 Proj. Jun 2,378 102,958 4,176 109,512 16,633 2,483 90,396 220.3 Jul 2,343 102,663 4,221 109,227 16,668 2,443 90,116 219.6 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready -to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. July 2017 WASDE - 567 - 33 U.S. Egg Supply and Use Commodity 2015 2016 2017 Proj. 2017 Proj. 2018 Proj. 2018 Proj. Jun Jul Jun Jul Eggs Million Dozen Supply Beginning Stocks 23.3 31.1 27.1 27.1 27.0 27.0 Production 8,053.0 8,565.0 8,749.0 8,749.0 8,890.0 8,890.0 Imports 123.5 121.9 53.2 53.2 40.0 40.0 Total Supply 8,199.8 8,718.0 8,829.3 8,829.3 8,957.0 8,957.0 Use Exports 313.6 279.0 302.8 302.8 320.0 320.0 Hatching Use 995.6 1,009.6 1,024.8 1,024.8 1,030.0 1,030.0 Ending Stocks 31.1 27.1 27.0 27.0 27.0 27.0 Disappearance Total 6,859.4 7,402.3 7,474.7 7,474.7 7,580.0 7,580.0 Per Capita (number) 256.3 274.7 274.9 274.9 276.8 276.8 Total U.S. Milk Supply and Use Commodity 2015 2016 2017 Proj. 2017 Proj. 2018 Proj. 2018 Proj. Jun Jul Jun Jul Milk Billion Pounds Production 208.6 212.4 216.7 216.3 221.7 221.2 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 10.5 12.3 12.7 12.7 12.9 12.3 Marketings 207.6 211.4 215.7 215.3 220.7 220.2 Imports 5.8 7.0 6.0 6.0 5.9 5.9 Total Cml. Supply 223.9 230.8 234.4 234.0 239.5 238.3 Fat Basis Use Commercial Exports 8.5 8.4 8.4 9.1 8.6 9.1 Ending Commercial Stocks 12.3 12.7 12.9 12.3 12.0 11.8 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 203.0 209.7 213.1 212.5 218.9 217.5 Skim -solid Basis Supply Beg. Commercial Stocks 9.4 9.2 9.5 9.5 9.9 10.0 Marketings 207.6 211.4 215.7 215.3 220.7 220.2 Imports 6.0 6.5 6.5 6.3 6.4 6.4 Total Cml. Supply 223.1 227.1 231.7 231.1 236.9 236.5 Skim -solid Basis Use Commercial Exports 37.3 39.0 40.8 41.2 41.3 41.9 Ending Commercial Stocks 9.2 9.5 9.9 10.0 9.3 9.1 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 176.6 178.5 181.0 179.9 186.3 185.5 Total Note: Totals may not add due to rounding. July 2017 WASDE - 567 - 34 U.S. Dairy Prices Commodity 2015 2016 2017 Proj. 2017 Proj. 2018 Proj. 2018 Proj. Jun Jul Jun Jul Product Prices 1/ Dollars Per Pound Cheese 1.6454 1.6050 1.620 - 1.660 1.575 - 1.605 1.665 - 1.765 1.630 - 1.730 Butter 2.0670 2.0777 2.280 - 2.350 2.365 - 2.425 2.210 - 2.340 2.310 - 2.440 Nonfat Dry Milk 0.9016 0.8292 0.895 - 0.935 0.900 - 0.930 0.935 - 1.005 0.935 - 1.005 Dry Whey 0.3804 0.2875 0.490 - 0.510 0.475 - 0.495 0.480 - 0.510 0.480 - 0.510 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 15.80 14.87 16.35 - 16.75 15.85 - 16.15 16.75 - 17.75 16.45 - 17.45 Class IV 14.35 13.77 15.25 - 15.75 15.65 - 16.05 15.25 - 16.35 15.70 - 16.80 All Milk 3/ 17.12 16.24 17.80 - 18.20 17.65 - 17.95 18.10 - 19.10 18.00 - 19.00 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated pla nts for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . July 2017 WASDE - 567 - 35 Reliability of July Projections 1/ Note: Tables on pages 35 -37 present a record of the July projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 2.9 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 4.9 percent. The average difference between the July p rojection and the final estimate is 14.4 million tons, ranging from 1 million to 34.6 million tons. The July projection has been below the estimate 22 times and above 14 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 2.9 4.9 14.4 1.0 34.6 22 14 U.S. 3.6 6.1 1.7 0.2 6.2 17 19 Foreign 3.1 5.3 14.1 0.3 34.7 23 13 Exports World 6.1 10.4 6.5 0.2 18.7 24 12 U.S. 12.0 20.4 2.9 0.2 10.0 21 15 Foreign 7.5 12.8 6.3 0.1 21.3 25 11 Domestic Use World 2.0 3.5 9.3 1.6 25.7 22 14 U.S. 7.3 12.3 1.9 0.0 5.0 14 22 Foreign 2.0 3.4 8.9 1.3 26.9 24 12 Ending Stocks World 9.9 16.8 11.9 0.1 35.3 25 11 U.S. 18.8 32.0 3.2 0.2 13.9 21 15 Foreign 10.4 17.7 10.3 1.2 31.7 25 11 COARSE GRAINS 2/ Production World 2.9 5.0 22.8 3.7 68.4 19 17 U.S. 10.4 17.6 16.2 0.6 57.9 17 19 Foreign 2.5 4.3 13.9 1.1 40.5 19 17 Exports World 8.0 13.5 7.9 0.6 23.8 25 11 U.S. 26.8 45.4 7.9 0.2 24.4 14 22 Foreign 14.5 24.7 7.4 1.4 19.7 25 11 Domestic Use World 1.8 3.0 14.5 0.0 46.0 19 17 U.S. 4.6 7.9 7.1 0.0 22.2 23 13 Foreign 2.0 3.3 11.3 1.0 37.9 20 16 Ending Stocks World 17.7 30.0 18.9 1.6 60.2 23 13 U.S. 40.4 68.6 13.1 0.5 50.5 15 21 Foreign 14.6 24.7 11.9 0.2 43.6 26 10 RICE, milled Production World 2.4 4.1 7.0 0.4 24.0 22 14 U.S. 5.0 8.5 0.2 0.0 0.7 18 16 Foreign 2.5 4.2 7.0 0.5 24.3 22 14 Exports World 9.1 15.4 1.6 0.0 6.7 26 10 U.S. 10.5 17.8 0.2 0.0 1.0 17 15 Foreign 9.9 16.8 1.5 0.0 6.5 26 10 Domestic Use World 2.0 3.5 4.8 0.2 22.9 22 14 U.S. 8.5 14.4 0.2 0.0 0.5 13 23 Foreign 2.1 3.5 4.9 0.2 22.9 22 14 Ending Stocks World 13.7 23.2 5.6 0.1 16.1 27 9 U.S. 28.7 48.7 0.3 0.0 1.0 22 13 Foreign 15.1 25.6 5.6 0.2 16.5 28 8 1/ Footnotes at end of table. CONTINUED July 2017 WASDE - 567 - 36 Reliability of July Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 5.2 8.9 7.5 0.5 26.9 17 19 U.S. 7.2 12.2 3.6 0.2 11.7 18 18 Foreign 7.6 13.0 6.6 1.0 25.8 20 16 Exports World 7.9 13.4 3.4 0.0 10.7 23 13 U.S. 12.9 21.9 2.7 0.1 6.8 21 15 Foreign 20.3 34.4 2.6 0.0 10.5 20 16 Domestic Use World 3.9 6.6 5.4 0.5 16.1 22 14 U.S. 5.3 9.0 1.7 0.0 4.9 22 14 Foreign 4.2 7.2 4.5 0.1 11.2 22 14 Ending Stocks World 15.8 26.9 4.6 0.0 26.1 21 15 U.S. 54.8 93.0 2.7 0.0 8.2 11 25 Foreign 19.7 33.4 4.6 0.0 21.8 23 13 COTTON Million 480 -Pound Bales Production World 5.8 9.9 3.9 0.0 14.9 22 14 U.S. 9.9 16.9 1.4 0.1 5.3 20 16 Foreign 6.0 10.1 3.1 0.0 12.1 20 15 Exports World 10.5 17.8 2.3 0.1 11.6 20 16 U.S. 27.9 47.4 1.3 0.1 3.6 22 14 Foreign 13.9 23.6 1.9 0.0 9.8 16 20 Domestic Use World 4.3 7.2 3.0 0.0 15.4 17 19 U.S. 9.4 15.9 0.5 0.0 1.4 18 17 Foreign 4.4 7.4 2.9 0.1 14.6 16 20 Ending Stocks World 16.6 28.1 6.0 0.2 16.3 24 12 U.S. 40.4 68.6 1.5 0.1 4.9 15 21 Foreign 16.2 27.5 5.1 0.5 16.1 25 11 1/ Marketing years 1981/82 through 2016/17 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2015/16, and for 2016/17 the last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. July 2017 WASDE - 567 - 37 Reliability of United States July Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 11.4 19.3 583 12 2,190 20 16 Exports 27.9 47.3 282 0 900 14 20 Domestic Use 5.0 8.5 278 0 770 23 12 Ending Stocks 49.5 84.0 471 11 1,840 16 20 SORGHUM Production 18.6 31.5 71 3 213 19 17 Exports 37.5 63.6 45 0 170 17 18 Domestic Use 28.2 47.9 52 3 139 15 21 Ending Stocks 66.7 113.2 48 0 174 13 22 BARLEY Production 8.0 13.6 22 0 87 13 22 Exports 66.7 113.2 15 0 92 21 14 Domestic Use 10.3 17.5 26 0 87 15 20 Ending Stocks 22.8 38.6 27 0 114 15 20 OATS Production 12.6 21.3 21 0 144 6 29 Exports 99.6 169.0 1 0 8 9 12 Domestic Use 6.4 10.9 16 0 67 11 21 Ending Stocks 23.1 39.2 15 0 68 15 20 SOYBEAN MEAL Thousand Short Tons Production 5.4 9.1 1,276 118 4,432 25 11 Exports 15.6 26.5 898 50 2,450 20 16 Domestic Use 5.8 9.8 965 76 4,470 17 19 Ending Stocks 41.3 70.0 51 0 413 10 16 SOYBEAN OIL Million Pounds Production 5.1 8.6 623 60 2,130 25 11 Exports 34.9 59.3 425 0 1,575 20 15 Domestic Use 4.3 7.3 465 0 2,300 20 15 Ending Stocks 40.7 69.0 490 15 1,568 19 17 ANIMAL PROD. Million Pounds Beef 4.1 7.0 797 83 2,677 16 7 Pork 3.0 5.2 451 39 1,372 13 10 Broilers 2.3 3.9 676 184 1,338 9 14 Turkeys 3.9 6.7 162 2 468 10 13 Million Dozen Eggs 1.6 2.8 97 4 266 16 7 Billion Pounds Milk 1.6 2.7 2.0 0.0 7.0 13 7 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2016/17 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate followin g the marketing year for 1981/82 through 2015/16, and for 2016/17 the last month’s estimate. Calendar years 1994 through 2016 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 19 94-2016. WASDE -567-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Dema nd Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data f or grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report ar e provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 . WASDE Notification System Subscribers are notified through GovDelivery when the monthly World Agricultural Supply and Demand Estimates (WASDE) report is available. Previous WASDE reports are available at http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1194 For questions contact: Susan Carter at 202- 720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE -567 – July 12, 2017 WASDE Briefing Slides : The briefing slides which accompany today’s WASDE report will be available at http://www.usda.gov/oce/commodity/wasde/ Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e -mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu. Select the “Reports by E -Mail” bar to sign up. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554-9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 534 Approved by the World Agricultural Outlook Board October 10, 2014 WHEAT: Projected U.S. wheat ending stocks fo r 2014/15 are lowered 44 million bushels as increased production is more than offset by higher feed and residual disappearance and higher exports. Production for 2014/15 is raised 5 million bushels based on the latest estimate from the September 30 Small Grains 2014 Summary . Hard Red Spring (HRS) wheat and Hard Red Winter wheat are raised 32 million bushels and 9 million bushel s, respectively. Reductions in the other three classes are partially offsetting. Projec ted feed and residual use is raised 25 million bushels reflecting the September 1 stocks that indica ted higher-than-expected J une-August disappearance. Projected exports are raised 25 million bushels on higher-than-expected sales for HRS and Soft Red Winter wheat. The projected range for t he 2014/15 season-average farm price is narrowed 5 cents on both the high and low end to $5.55 to $6.25 per bushel. Global 2014/15 wheat supplies are raised 0.3 million tons with increased production offsetting lower beginning stocks. World production is raised 1.2 m illion tons led by a 3.0-million-ton increase for EU and 0.5-million-ton increases for both Pakist an and Ukraine. Decreases are led by a 1.0- million-ton reduction for Kazakhstan, a 0.8-m illion-ton reduction for Algeria, 0.5-million-ton reductions for both Australia and Canada, and a 0. 3-million-ton reduction for Argentina. Changes for Northern Hemisphere countries reflect updated har vest reports and government statistics. For the Southern Hemisphere, Australia is lowered on continued dryness in portions of the southeast, and Argentina is lowered on wet conditi ons that have limited planting. Global wheat consumption for 2014/15 is raised 4.1 million tons to a record 714.1 million reflecting both higher food and feed use. Global wheat trade is raised with exports up 1.2 million tons to 156.0 million. The largest increase is 2.0 million tons for EU due to the larger crop. Mexico exports are raised 0.5 million tons on large durum supp lies and strong international demand. Offsetting decreases are made for Kazakhstan (down 1.0 milli on tons), Australia (down 0.5 million tons), and Argentina (down 0.3 million tons) on smaller crops . Projected consumption rises faster than supplies lowering global ending stocks 3.8 million tons to 192.6 million. COARSE GRAINS: Projected 2014/15 U.S. feed grain produc tion is raised this month as higher forecast corn production more than offsets a r eduction for sorghum and the lower estimates for barley and oats from the Small Grains 2014 Summary . Corn production is forecast 80 million bushels higher at a record 14,475 million bushels as lower reported area is more than offset by a 2.5-bushel-per-acre increase in the yield. Corn supplies for 2014/15 are projected at 15,736 million bushels, up 129 million from last month reflec ting both higher production and a 55-million-bushel increase in beginning stocks from the September Grain Stocks report. Projected imports are lowered 5 million bushels with tighter corn supplies in Canada. Projected U.S. corn use for 2014/15 is ra ised 50 million bushels on higher expected feed and residual disappearance driven by the larger crop, higher projected meat production, and the lower price outlook. Corn ending stocks are raised 79 million bushels to 2,081 million. The projected range for the season-average farm price is lowered 10 cents on each end to $3.10 to $3.70 per bushel. WASDE-534-2 Projected sorghum supplies for 2014/15 are lo wered 12 million bushels as a 26-million-bushel reduction in forecast production more than outwe ighs higher beginning stocks as reported in the Grain Stocks report. Exports are proj ected 20 million bushels higher on strong demand from China. Domestic use is projected 40 million bushels lower as export demand makes sorghum less competitive in ethanol production and for domesti c feeding. The sorghum season-average farm price range is projected 5 c ents lower on each end to $2.95 to $3.55 per bushel. The 2014/15 season-average farm prices for barley and oats are raised based on pr ices reported to date and the tighter supply situation projected for both this month. Global coarse grain supplies for 2014/15 are projected 3.0 million tons higher with a small reduction in beginning stocks more than offset by a 3.2-milli on-ton increase in world production. Global corn production is raised 3.2 million tons with increases for EU and the United States partly offset by reductions for FSU. EU corn production is raised 2.7 million tons with increases in a number of countries based on the latest data and harvest result s. Corn production is lowered 1.0 million tons for Ukraine and 0.5 million tons each for Belarus and Russia, also on the latest harvest results, which reflect the impact of hot, dry, late summe r growing conditions. Gl obal barley production is higher with increases for EU and FSU offsetti ng a reduction for Australia. EU mixed grain increases add to world coarse grain supplies. Foreign sorghum and millet production are lowered with reductions for India and severa l Sub-Saharan Africa countries. Global coarse grain consumption for 2014/15 is rais ed slightly, mostly due to increased corn use in the United States. Corn feed use is also incr eased for Egypt and Iran with higher imports this month. Sorghum feed use is raised for China, also with higher imports. Global sorghum consumption, however, declines with lower production and food use for Sub-Saharan Africa and lower U.S. domestic use. Barley consumption is raised with higher feed use in China and EU. Global corn trade is lowered this month, mostly reflecting a 3.0-million- ton reduction in expected imports by EU. Exports are lowered for Canada and Russia. Global corn ending stocks for 2014/15 are projected 0.7 million tons higher with larger stocks in the United States. RICE: U.S. all rice production in 2014/15 is forecast at 220.7 million cwt, up 2.4 million from last month with the increase entirely due to higher yield. The average all rice yield is forecast at 7,584 pounds per acre, up 83 pounds from last month. Yields are raised in Arkansas, Missouri, and Texas. All rice harvested area is unchanged at 2. 91 million acres. Both long-grain and combined medium- and short-grain rice pr oduction are raised from last m onth, with long-grain production projected at 160.0 million cwt and combined medium - and short-grain production at 60.7 million. The all rice import forecast is unchanged at 21.0 m illion cwt. Total use is projected at 233.0 million cwt, unchanged from last month with domestic and residual use at 131.0 million and exports at 102.0 million. All rice ending stocks are project ed at 40.5 million cwt, up 2.4 million from last month, and the largest stocks since 2011/12. The 2014/15 long-grain season-average farm price range is project ed at $12.20 to $13.20 per cwt, down 30 cents per cwt on each end of the range. The combined medium- and short-grain farm price range is project ed at $17.70 to $18.70 per cwt, up 45 cents per cwt on each end of the range. The all rice season-average farm price is forecast at $13.80 to $14.80 per cwt, down 10 cents per cwt on each end of the range. Global rice 2014/15 ending stocks are reduced as the decline in total supplies exceed the fall in total use. The drop in global 2014/15 rice production resulted in a decline in total supplies, despite an increase in beginning stocks. Beginning stocks are increased 0.5 million tons due mostly to increases in Pakistan, Sri Lanka, and a number of countries in Sub-Saharan Africa. World 2014/15 rice production is projected at 475.5 million tons, down 1.5 million fr om last month, and a decrease WASDE-534-3 of 1.1 million tons from last year’s record crop. The fall in production is due mostly to a 1.0-million- ton decrease in India’s crop to 102.0 million tons, due to a decline in average yield. Below normal seasonal rains during the 2014 monsoon season in some regions of India were unfavorable for rice production. Rice crops are also reduced in Pa kistan, Sri Lanka, and several Sub-Saharan African countries. Global consumption is reduced slightly, but is still a record at 481.7 million tons, up 5.6 million tons from 2013/14. Global trade for 2014/ 15 is nearly unchanged from a month ago. Global 2014/15 ending stocks are projected at 104.2 million tons, down 0.9 million from last month, and 6.2 million below 2013/14. The decline in world endi ng stocks is due mostly to a decrease in India of 1.0 million tons. Forecast ending stocks are also lowered for Pakistan and Sri Lanka, partially offset by increases for Brazil, the Philippines, and the United States. OILSEEDS: U.S. oilseed production for 2014/15 is proj ected at 116.3 million tons, up 0.1 million from last month. Soybean production is forecast at a record 3,927 million bushels, up 14 million with improved yields more than offsetting reduced harvested area. The soybean yield is projected at 47.1 bushels per acre, up 0.5 bushels from S eptember. Harvested area is reduced 0.7 million acres to 83.4 million. Soybean supplies for 2014/ 15 are projected 24 million bushels below last month with lower beginning stocks from the Grain Stocks report more than offsetting increased production. Canola, sunflower, and cottonseed pr oduction are forecast lower this month while peanut production is forecast slightly higher. U.S. soybean exports and crush for 2014/15 ar e unchanged this month. Soybean ending stocks are projected at 450 million bushels, down 25 milli on on reduced supplies. Prices for soybeans, soybean oil, and soybean meal are unchanged. Global oilseed production for 2014/15 is projected at 528.4 million t ons, up 0.4 million from last month as higher soybean, peanut, and cottons eed production more than offset reduced sunflowerseed and rapeseed production. Global so ybean production is proj ected at 311.2 million tons, up 0.1 million. Small reductions in so ybean production for China and Russia partly offset increases for the United States and EU. Rapeseed production is r educed for Canada based on lower yields reported in the most recent surv ey from Statistics Canada. Rapeseed production is increased to a record 23.5 million tons for EU . Global sunflowerseed production is reduced on lower estimates for both Argentina and Russia. Other changes include increased cottonseed production for China, India, and Pakistan. Global oilseed stocks for 2014/15 are projected at 103.6 million, a 29 percent increase from 2013/14. Oilseed stocks are virtually unchanged from last month as lower rapeseed stocks in Canada offset an increase in soybean stocks. Higher soybean stocks in Argentina offset a reduction in the United States. SUGAR: U.S. 2013/14 sugar tariff-rate quota (TRQ) imports are reduced by 72,000 short tons, raw value (STRV) based on end of year reporting by the U.S. Customs Service. Imports from Mexico are decreased by 12,000 STRV to 2.124 million with al most all import data in for the fiscal year. Texas cane sugar production is r educed by 2,000 STRV based on revised processor data. Ending stocks for 2013/14 are reduced by 86,000 STRV to 1.810 million, implying an ending stocks-to-use of 14.5 percent. For 2014/15, imports from Mexico are increased by 461,000 STRV to 1.549 million. Beet sugar producti on is increased 170,000 STRV to 4.970 million based on analysis of National Agricultural Statistics Service data. Cane sugar is reduced 19,000 STRV to 3.572 million based on processors’ reporting. As a residual , ending stocks are increased by 526,000 STRV to 1.554 million for an ending stocks-to-use ratio of 12.8 percent, up 4.3 percentage points over last month. WASDE-534-4 For Mexico in 2013/14, imports are reduced by 96,000 metric tons (MT), all of which were intended for Mexico’s re-export program (IMMEX) for s ugar-containing products. In a mostly parallel adjustment in use, deliveries to the IMMEX ar e reduced by that same 96,000 MT, plus 10,000 MT from reductions in domestic s ourcing, based on pace to date. Deliveries for consumption are reduced by 50,000 MT after a fall-off in late seas on domestic shipments. Total deliveries are, therefore, decreased by 156,000 MT. Based on U.S. import data, expor ts to the United States are decreased by 11,000 MT. Based on adjustments to data, exports to non-U.S. destinations are increased by 1,000 MT (681,000 total) and produc tion is increased by 1,000 MT (6.021 million total). These changes imply ending stocks at 685, 000 MT, for a stocks-to-consumption ratio of 16.5 percent. For 2014/15, total Mexico supply is increased by 71,000 MT in beginning stocks. Deliveries for consumption are decreased by 52,000 MT in line with the reduction made for 2013/14. Ending stocks are still forecast at 22 percent of cons umption for an 11,000 MT reduction to 936,000 MT. Because total exports are forecast as a residual , their change is equal to the sum of the other changes (positive for supply, negativ e for use), or 134,000 MT, for a total of 1.650 million. Exports to non-U.S. destinations based on contracts ar e reduced by 260,000 MT to 325,000. FEESA, the entity which runs the nine government-owned m ills in Mexico, announced that it had renegotiated one earlier contract and is committed to export 40,000 MT instead of the earlier negotiated 300,000 MT. As a consequence, exports to the United States are residually calculated at 1.325 million MT, up 394,000 MT. LIVESTOCK, POULTRY, AND DAIRY: The forecasts for total meat production in 2014 and 2015 are raised from last month. For both 2014 and 2015, the increase in beef production is driven by heavier carcass weights as lower corn prices enc ourage producers to market heavier cattle. Pork production in 2014 is reduced from last month as sl ower gains in carcass weights in the second half of the year more than offset higher expect ed fourth-quarter slaughter. For 2015, the production forecast is raised. USDA’s Quarterly Hogs and Pigs report estimated that the decline in third- quarter pigs per litter was less than during the first half of the year. With higher indicated farrowing intentions for the last quarter of 2014 and into 2015, and slightly more rapid forecast recovery in pigs per liter, it is expected that a greater number of hogs w ill be available for slaughter during 2015. Increased pork production will also be suppor ted by higher carcass weights. Broiler productions for 2014 is unchanged, but lower foreca st feed costs are expected to encourage more rapid production growth in 2015. Turkey produc tion for 2014 is slightly higher based on production data to date; however, the production forecast for 2015 is unchanged. Egg production is raised for both 2014 and 2015, reflecting revisions to table egg production estimates. Forecasts for 2014 and 2015 beef imports are unchanged from last month. Beef exports for 2014 are lowered based on recent trade data, but the fo recast for 2015 is unchanged. Pork imports are unchanged for 2014, but are reduced for 2015 as U.S. production is forecast higher and prices lower. Pork exports are forecast higher on st rong demand in 2014 and more competitive prices in 2015. Broiler exports are raised for 2014 on current strength of demand, but the 2015 forecast is unchanged. Turkey export forecasts are raised for 2014 and 2015. The cattle price forecasts for 2014 and 2015 are unchanged from last month. The hog price forecast for 2014 is unchanged, but the 2015 price is lo wered on larger supplies. The broiler price forecasts for 2014 and 2015 are raised on robust demand. The turkey price forecasts for 2014 and 2015 are unchanged. The egg price forecasts for 2014 and 2015 are unchanged. The milk production forecast for 2014 is reduced from last month on slow er growth in milk per cow. However, for 2015, the production forecast is ra ised as growth in output per cow is expected higher with relatively lower-priced feed. Export fo recasts for 2014 are lowered as U.S. dairy prices WASDE-534-5 are less competitive, but import forecasts are rais ed as relatively high U.S. prices encourage larger imports. The trade forecasts for 2015 are unchanged. Butter, cheese, and whey prices for 2014 are raised from last month as domestic demand continues to support prices. Prices of these pr oducts are unchanged for 2015. However, the nonfat dry milk (NDM) price forecasts for both 2014 and 2015 are reduced as U.S. prices are expected to decline to increase the competitiveness of NDM exports. The Class III price for 2014 is raised on stronger cheese and whey prices, but is unchanged for 2015. The Class IV price is raised for 2014 as higher butter prices more than o ffset the decline in NDM prices, but for 2015, the lower forecast NDM price results in a lower Class IV price. The all milk pr ice is raised to $24.10 to $24.20 per cwt for 2014, and is lowered for 2015 to $18.95 to $19.85 per cwt. COTTON: The 2014/15 U.S. cotton supply and demand estimates show lower production, ending stocks, and prices. Production is reduced 283,000 bales to nearly 16.3 million. The disappearance forecasts are unchanged. The export forecast remains at 10.0 million bales, despite lower expected foreign imports, as demand for U.S. cott on is likely to be sustained. The range for the marketing-year average price re ceived by producers is lowered to 55 to 65 cents per pound; the midpoint of 60 cents per pound is reduced 4 cents on sharply lower recent prices, which followed announcements by the government of China indicating a more restrictive import policy. Global 2014/15 stocks are raised about 800,000 bales this month to 107 million, owing to higher beginning stocks, as increases for production and c onsumption are about offsetting. Production is raised 1.4 million bales, including increases for Chi na, India, and Pakistan, which are partly offset by reductions for Brazil, the United States, Aust ralia, and Zimbabwe. Forecast consumption by China is raised 1.5 million bales as mills there are expected to r educe yarn imports in favor of spinning domestic cotton. Consumption also is raised for Indonesia, due to changes in the historical estimates series, and Vietnam, but is reduced for India. World trade is reduced about 800,000 bales on lower imports by China. Forecast stocks for India are raised sharply from last month due to a combination of higher production and lower offtake. With China’s stocks now projected to fall by 550,000 bales fr om last season, stocks outside of China are expected to rise 17 percent year-on-year to about 45 million bales. World stocks for 2013/14 are raised 1.0 million bales , due mainly to higher production estimates for China and Brazil. The China production estimate is raised 750,000 bales cons istent with increased estimates of cotton which entered the national reserve. Approved by the Secretary of Agriculture and the Acting Chairman of the World Agricultural Outlook Board, Seth D. Meyer, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: ROBERT C. JOHANSSON SECRETARY OF AGRICULTURE DESIGNATE WASDE-534-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Jerry Norton, ICEC Chair, WAOB, E-mail : [email protected] Gary Vocke, ERS; Teresa McKeivier, FAS; Tom Tice, FSA. Rice: Andrew C. Aaronson, ICEC Chair, WAOB, E-mail : [email protected] Nathan Childs, ERS; Yoonhee Macke, FAS; Mark Simone, FSA. Feed Grains: Jerry Norton, IC EC Chair, WAOB, E-mail : [email protected] Thomas Capehart, ERS; Richard O’M eara, FAS; Pete Riley, FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail : [email protected] Mark Ash, ERS; Bill George, FAS; Dale Leuck, FSA. Cotton: Carol Skelly, ICEC Chair, WAOB, E-mail : [email protected] Darryl Earnest, AMS; Leslie Meyer, ERS; Ja mes Johnson, FAS; Scott Sanford, FSA. Sugar: Stephen Haley, ICEC Chair, WAOB, E-mail : [email protected] Stephanie Riche, ERS; Ron Lord, FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Sherry Wise, AMS; Kenneth Mathews, ERS; Cla ire Mezoughem, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Larry Haller, AMS; David Harvey, ERS; Lazar o Sandoval, FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Uthra Raghunathan, AMS; Roger Ho skin, ERS; Paul Kiendl, F AS; Milton Madison, FSA. In 2014, the WASDE report will be released on Nov. 10 and Dec. 10. In 2015, the WASDE report will be released on Jan. 12, Feb. 10, Mar. 10, Apr. 9, May 12, Jun. 10, Jul. 10, Aug. 12, Sep. 11, Oct. 9, Nov. 10, Dec. 9 WASDE-534-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................... 1 Interagency Commodity Estimates Committees ..................................................... 6 World & U.S. Supply & Use for Grains ................................................................... 8 World & U.S. Supply & Use for Cotton ................................................................... 9 World & U.S. Supply & Use for Oilseeds ............................................................. 10 U.S. Wheat Supply & Use .................................................................................... 11 U.S. Wheat Supply & Use by Class ..................................................................... 11 U.S. Feed Grain & Corn Supply & Use ................................................................ 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13 U.S. Rice Supply & Use ....................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................ 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ............................................................................. 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use ................................................................................. 18 World Coarse Grains Supply & Use ..................................................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use..................................................................................... 24 World Cotton Supply & Use ................................................................................. 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ..................................................................... 29 World Soybean Oil Supply & Use ........................................................................ 30 U.S. Quarterly Animal Product Production ........................................................... 31 U.S. Quarterly Prices for Animal Products ........................................................... 31 U.S. Meats Supply and Use ................................................................................. 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use .................................................................................... 33 U.S. Dairy Prices ................................................................................................. 34 Reliability Tables ................................................................................................. 35 Related USDA Reports ........................................................................................ 38 Metric Conversion Factors ................................................................................... 38 Electronic Access and Subscriptions ....................................................................... 40 October 2014 WASDE - 534 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World OutputTotal Supply Trade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2012/13 2267.22 2738.51 299.49 2284.75 453.76 2013/14 (Est.) 2470.03 2923.79 369.46 2417.93 505.86 filler filler filler filler filler 2014/15 (Proj.) Sep 2466.12 2972.62 343.50 2447.29 525.32 2014/15 (Proj.) Oct 2468.98 2974.84 345.10 2452.04 522.80 filler filler filler filler filler Wheat 2012/13 658.32 854.48 137.36 679.52 174.96 2013/14 (Est.) 715.13 890.09 166.18 704.52 185.58 filler filler filler filler filler 2014/15 (Proj.) Sep 719.95 906.39 154.83 710.01 196.38 2014/15 (Proj.) Oct 721.12 906.69 156.02 714.11 192.59 filler filler filler filler filler Coarse Grains 5/ 2012/13 1136.93 1305.28 122.88 1136.49 168.80 2013/14 (Est.) 1278.34 1447.13 162.40 1237.30 209.83 filler filler filler filler filler 2014/15 (Proj.) Sep 1269.19 1479.27 147.53 1255.46 223.81 2014/15 (Proj.) Oct 1272.39 1482.22 147.93 1256.25 225.97 filler filler filler filler filler Rice, milled 2012/13 471.97 578.75 39.25 468.74 110.01 2013/14 (Est.) 476.56 586.57 40.88 476.11 110.45 filler filler filler filler filler 2014/15 (Proj.) Sep 476.98 586.95 41.15 481.83 105.13 2014/15 (Proj.) Oct 475.48 585.93 41.15 481.69 104.24 filler filler filler filler filler United States Output Total SupplyTrade 2 /Total Use 3/Ending Stocks Total Grains 4/ 2012/13 354.01 414.00 51.63 318.14 44.23 2013/14 (Est.) 433.67 486.45 89.42 345.55 51.48 filler filler filler filler filler 2014/15 (Proj.) Sep 444.33 502.85 77.54 351.22 74.09 2014/15 (Proj.) Oct 445.51 505.63 78.73 352.05 74.85 filler filler filler filler filler Wheat 2012/13 61.67 85.22 27.54 38.14 19.54 2013/14 (Est.) 58.11 82.23 32.01 34.17 16.05 filler filler filler filler filler 2014/15 (Proj.) Sep 55.24 75.91 24.49 32.41 19.01 2014/15 (Proj.) Oct 55.39 76.07 25.17 33.09 17.80 filler filler filler filler filler Coarse Grains 5/ 2012/13 286.01 320.47 20.70 276.23 23.53 2013/14 (Est.) 369.45 396.21 54.42 307.38 34.41 filler filler filler filler filler 2014/15 (Proj.) Sep 382.12 418.26 49.79 314.62 53.86 2014/15 (Proj.) Oct 383.06 420.82 50.29 314.77 55.76 filler filler filler filler filler Rice, milled 2012/13 6.34 8.31 3.39 3.77 1.16 2013/14 (Est.) 6.12 8.01 2.99 4.00 1.03 filler filler filler filler filler 2014/15 (Proj.) Sep 6.98 8.67 3.26 4.19 1.22 2014/15 (Proj.) Oct 7.06 8.75 3.26 4.19 1.30 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export es timate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). October 2014 WASDE - 534 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ OutputTotal Supply Trade 2 /Total UseEnding Stocks Total Grains 4/ 2012/13 1,913.21 2,324.51 247.86 1,966.61 409.54 2013/14 (Est.) 2,036.36 2,437.35 280.04 2,072.38 454.39 filler filler filler filler filler 2014/15 (Proj.) Sep 2,021.79 2,469.77 265.96 2,096.07 451.23 2014/15 (Proj.) Oct 2,023.46 2,469.21 266.37 2,099.99 447.94 filler filler filler filler filler Wheat 2012/13 596.64 769.25 109.82 641.38 155.42 2013/14 (Est.) 657.03 807.86 134.17 670.34 169.53 filler filler filler filler filler 2014/15 (Proj.) Sep 664.71 830.48 130.34 677.60 177.38 2014/15 (Proj.) Oct 665.72 830.62 130.85 681.01 174.79 filler filler filler filler filler Coarse Grains 5/ 2012/13 850.93 984.82 102.18 860.25 145.27 2013/14 (Est.) 908.89 1,050.92 107.98 929.92 175.43 filler filler filler filler filler 2014/15 (Proj.) Sep 887.08 1,061.01 97.74 940.84 169.95 2014/15 (Proj.) Oct 889.32 1,061.40 97.64 941.48 170.21 filler filler filler filler filler Rice, milled 2012/13 465.64 570.44 35.87 464.98 108.85 2013/14 (Est.) 470.44 578.56 37.89 472.12 109.43 filler filler filler filler filler 2014/15 (Proj.) Sep 470.00 578.28 37.88 477.63 103.91 2014/15 (Proj.) Oct 468.42 577.18 37.88 477.50 102.95 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world mi nus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales OutputTotal Supply Trade 2 /Total Use 3 /Ending Stocks World 2012/13 122.89 196.42 46.72 106.89 89.82 2013/14 (Est.) 119.60 209.42 40.92 108.41 101.31 2014/15 (Proj.) Sep 118.01 218.31 35.18 112.12 106.29 2014/15 (Proj.) Oct 119.37 220.68 34.40 113.68 107.11 United States 2012/13 17.32 20.68 13.03 3.50 3.80 2013/14 (Est.) 12.91 16.72 10.53 3.55 2.45 2014/15 (Proj.) Sep 16.54 19.00 10.00 3.80 5.20 2014/15 (Proj.) Oct 16.26 18.72 10.00 3.80 4.90 Foreign 4/ 2012/13 105.58 175.74 33.69 103.39 86.02 2013/14 (Est.) 106.69 192.70 30.39 104.86 98.86 2014/15 (Proj.) Sep 101.48 199.31 25.18 108.32 101.09 2014/15 (Proj.) Oct 103.12 201.97 24.40 109.88 102.21 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. October 2014 WASDE - 534 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World OutputTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2012/13 474.52 539.98 118.13 396.59 67.31 2013/14 (Est.) 505.22 572.53 134.34 415.05 80.15 2014/15 (Proj.) Sep 528.00 608.64 134.04 428.87 103.60 2014/15 (Proj.) Oct 528.38 608.54 133.94 428.98 103.58 Oilmeals 2012/13 268.43 280.53 78.03 264.37 10.74 2013/14 (Est.) 279.81 290.56 81.91 274.70 12.12 2014/15 (Proj.) Sep 290.67 302.97 86.48 284.90 12.59 2014/15 (Proj.) Oct 290.42 302.54 86.07 285.17 12.19 Vegetable Oils 2012/13 160.57 177.98 68.47 156.84 17.24 2013/14 (Est.) 169.97 187.21 68.21 165.42 18.48 2014/15 (Proj.) Sep 176.82 195.39 71.08 172.59 19.33 2014/15 (Proj.) Oct 176.77 195.25 70.93 172.78 19.22 United States Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2012/13 93.14 100.48 36.87 50.21 5.76 2013/14 (Est.) 99.02 107.95 45.79 51.47 3.95 2014/15 (Proj.) Sep 116.20 122.58 47.31 53.05 14.47 2014/15 (Proj.) Oct 116.26 121.65 47.30 52.93 13.77 Oilmeals 2012/13 38.68 42.41 10.49 31.61 0.31 2013/14 (Est.) 39.58 43.66 10.69 32.63 0.34 2014/15 (Proj.) Sep 40.93 44.86 11.17 33.35 0.34 2014/15 (Proj.) Oct 40.89 44.82 11.17 33.31 0.34 Vegetable Oils 2012/13 10.23 15.57 1.39 13.02 1.16 2013/14 (Est.) 10.47 15.65 1.14 13.46 1.05 2014/15 (Proj.) Sep 10.74 15.92 1.33 13.41 1.17 2014/15 (Proj.) Oct 10.71 15.88 1.32 13.47 1.08 filler filler filler filler filler Foreign 3/ Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2012/13 381.38 439.49 81.26 346.38 61.55 2013/14 (Est.) 406.20 464.58 88.55 363.58 76.21 2014/15 (Proj.) Sep 411.80 486.06 86.73 375.83 89.13 2014/15 (Proj.) Oct 412.12 486.89 86.64 376.04 89.81 Oilmeals 2012/13 229.75 238.12 67.54 232.77 10.43 2013/14 (Est.) 240.24 246.90 71.22 242.07 11.78 2014/15 (Proj.) Sep 249.74 258.11 75.31 251.55 12.26 2014/15 (Proj.) Oct 249.53 257.72 74.90 251.86 11.85 Vegetable Oils 2012/13 150.35 162.41 67.08 143.81 16.08 2013/14 (Est.) 159.50 171.57 67.07 151.96 17.43 2014/15 (Proj.) Sep 166.08 179.48 69.74 159.18 18.16 2014/15 (Proj.) Oct 166.06 179.37 69.61 159.31 18.14 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. October 2014 WASDE - 534 - 11 U.S. Wheat Supply and Use 1/ 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Sep Oct Million Acres Area Planted 55.7 56.2 56.5 56.8 Area Harvested 48.9 45.3 46.2 46.5 Bushels Yield per Harvested Acre 46.3 47.1 43.9 43.8 Million Bushels Beginning Stocks 743 718 590 590 Production 2,266 2,135 2,030 2,035 Imports 123 169 170 170 Supply, Total 3,131 3,021 2,789 2,795 Food 945 951 960 960 Seed 73 77 76 76 Feed and Residual 384 228 155 180 Domestic, Total 1,401 1,256 1,191 1,216 Exports 1,012 1,176 900 925 Use, Total 2,414 2,432 2,091 2,141 Ending Stocks 718 590 698 654 CCC Inventory 00 0 Free Stocks 718 590 654 Outstanding Loans 88 45 Avg. Farm Price ($/bu) 2/ 7.77 6.87 5.50 - 6.30 5.55 - 6.25 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red WinterHard Red SpringSoft Red Winter White Durum Total Millio n Bushel s 2013/14 (Est.) Beginning Stocks 343 165 124 63 23 718 Production 747 491 568 271 58 2,135 Supply, Total 3/ 1,109 733 713 341 125 3,021 Domestic Use 427 318 318 120 73 1,256 Exports 446 246 283 171 31 1,176 Use, Total 873 564 600 291 103 2,432 Ending Stocks, Total 236 169 113 50 22 590 2014/15 (Proj.) Beginning Stocks 236 169 113 50 22 590 Production 738 561 455 224 57 2,035 Supply, Total 3/ 985 815 583 283 129 2,795 Domestic Use 453 308 266 101 88 1,216 Exports 340 260 155 145 25 925 Use, Total 793 568 421 246 113 2,141 Ending Stocks, Total Oct 192 247 162 37 16 654 Ending Stocks, Total Sep 201 230 191 52 24 698 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketi ng-year weighted average price received by farmers. 3/ Includes imports. October 2014 WASDE - 534 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Sep Oct Million Acres Area Planted 109.8 109.9 105.2 103.8 Area Harvested 96.6 98.2 94.0 92.8 Metric Tons Yield per Harvested Acre 2.96 3.76 4.06 4.13 Million Metric Tons Beginning Stocks 27.8 23.5 32.7 34.4 Production 285.8 369.3 381.9 382.9 Imports 6.4 3.0 3.2 3.1 Supply, Total 320.1 395.8 417.8 420.4 Feed and Residual 115.5 135.5 140.8 141.7 Food Seed & Industrial 160.3 171.4 173.4 172.6 Domestic, Total 275.8 307.0 314.2 314.4 Exports 20.7 54.4 49.8 50.3 Use, Total 296.5 361.4 364.0 364.7 Ending Stocks 23.5 34.4 53.9 55.7 CCC Inventory 0.0 0.0 0.0 Free Stocks 23.5 34.4 55.7 Outstanding Loans 0.8 2.0 5.9 CORN 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Septembe r Octobe r Million Acres Area Planted 97.2 95.4 91.6 90.9 Area Harvested 87.4 87.7 83.8 83.1 Bushels Yield per Harvested Acre 123.4 158.8 171.7 174.2 Million Bushels Beginning Stocks 989 821 1,181 1,236 Production 10,780 13,925 14,395 14,475 Imports 160 36 30 25 Supply, Total 11,929 14,782 15,607 15,736 Feed and Residual 4,339 5,125 5,325 5,375 Food, Seed & Industrial 2/ 6,039 6,504 6,530 6,530 Ethanol & by-products 3/ 4,641 5,130 5,125 5,125 Domestic, Total 10,378 11,629 11,855 11,905 Exports 730 1,917 1,750 1,750 Use, Total 11,108 13,546 13,605 13,655 Ending Stocks 821 1,236 2,002 2,081 CCC Inventory 00 0 Free Stocks 821 1,236 2,081 Outstanding Loans 32 76 230 Avg. Farm Price ($/bu) 4/ 6.89 4.46 3.20 - 3.80 3.10 - 3.70 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see F eed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data-p roducts/feed-grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn glut en feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. October 2014 WASDE - 534 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Sep Oct Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 6.2 8.1 7.5 7.2 Area Harvested (mil. acres) 5.0 6.5 6.4 6.2 Yield (bushels/acre) 49.8 59.6 67.2 65.4 Beginning Stocks 23 15 20 34 Production 247 389 430 404 Imports 1 0000 Supply, Total 279 404 450 438 Feed and Residual 93 88 100 90 Food, Seed & Industrial 95 70 120 90 Total Domestic 188 158 220 180 Exports 76 212 200 220 Use, Total 264 370 420 400 Ending Stocks 15 34 30 38 Avg. Farm Price ($/bu) 2/ 6.33 4.28 3.00 - 3.60 2.95 - 3.55 Filler Filler Filler Filler Filler BARLEY 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Septembe r Octobe r Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.6 3.5 3.1 3.0 Area Harvested (mil. acres) 3.2 3.0 2.6 2.5 Yield (bushels/acre) 67.9 71.3 73.2 73.4 Beginning Stocks 60 80 82 82 Production 220 217 193 180 Imports 23 19 35 35 Supply, Total 304 316 310 297 Feed and Residual 59 65 65 65 Food, Seed & Industrial 155 155 154 154 Total Domestic 214 220 219 219 Exports 91 41 01 0 Use, Total 223 234 229 229 Ending Stocks 80 82 81 68 Avg. Farm Price ($/bu) 2/ 6.43 6.06 4.45 - 5.25 4.70 - 5.50 Filler Filler Filler Filler Filler OATS 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Septembe r Octobe r Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.8 3.0 3.0 2.7 Area Harvested (mil. acres) 1.0 1.0 1.2 1.0 Yield (bushels/acre) 61.3 64.1 67.0 67.8 Beginning Stocks 55 36 25 25 Production 64 65 77 70 Imports 93 97 100 100 Supply, Total 212 198 202 195 Feed and Residual 98 97 90 85 Food, Seed & Industrial 76 75 77 77 Total Domestic 174 172 167 162 Exports 1222 Use, Total 176 173 169 164 Ending Stocks 36 25 33 31 Avg. Farm Price ($/bu) 2/ 3.89 3.75 2.75 - 3.35 2.80 - 3.40 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing y ear beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. October 2014 WASDE - 534 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Sep Oct Million Acres Area Planted 2.70 2.49 2.93 2.93 Area Harvested 2.68 2.47 2.91 2.91 Filler Pounds Yield per Harvested Acre 7,449 7,694 7,501 7,584 Million Hundredweight Beginning Stocks 2/ 41.1 36.4 31.8 31.8 Production 199.5 189.9 218.3 220.7 Imports 21.1 23.1 21.0 21.0 Supply, Total 261.7 249.4 271.1 273.5 Domestic & Residual 3/ 118.6 124.9 131.0 131.0 Exports, Total 4/ 106.6 92.7 102.0 102.0 Rough 34.1 28.6 34.0 34.0 Milled (rough equiv.) 72.5 64.1 68.0 68.0 Use, Total 225.3 217.6 233.0 233.0 Ending Stocks 36.4 31.8 38.1 40.5 Avg. Milling Yield (%) 5/ 70.00 71.00 70.50 70.50 Avg. Farm Price ($/cwt) 6/ 15.10 16.10 13.90 - 14.90 13.80 - 14.80 Total LONG-GRAIN RICE 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Septembe r Octobe r Harvested Acres (mil.) 1.98 1.77 Yield (pounds/acre) 7,285 7,464 Beginning Stocks 24.3 21.9 16.2 16.2 Production 144.2 131.9 158.3 160.0 Supply, Total 7/ 187.2 173.3 193.0 194.7 Domestic & Residual 3/ 89.5 95.3 99.0 99.0 Exports 8/ 75.8 61.8 70.0 70.0 Use, Total 165.3 157.1 169.0 169.0 Ending Stocks 21.9 16.2 24.0 25.7 Avg. Farm Price ($/cwt) 6/ 14.50 15.40 12.50 - 13.50 12.20 - 13.20 Filler Filler Filler Filler Filler MEDIUM & SHORT-GRAIN RICE 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Septembe r Octo b er Harvested Acres (mil.) 0.70 0.70 Yield (pounds/acre) 7,912 8,272 Beginning Stocks 14.7 12.2 13.3 13.3 Production 55.4 58.0 60.0 60.7 Supply, Total 7/ 72.2 73.8 75.8 76.5 Domestic & Residual 3/ 29.1 29.6 32.0 32.0 Exports 8/ 30.8 30.9 32.0 32.0 Use, Total 60.0 60.4 64.0 64.0 Ending Stocks 12.2 13.3 11.8 12.5 Avg. Farm Price ($/cwt) 6/ 9/ 17.40 18.50 17.25 - 18.25 17.70 - 18.70 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2012/13-2.1; 2013/14-2.3; 2014/15-2.3. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Include s rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and br oken rice produced divided by the quantity of rough rice milled. Data supplied by the USA Rice Federation for years prior to 2013/14. The 2013/14 milling yield is calculated usin g Farm Service Agency (FSA) warehouse stored loan data for long, medium, and short grain rice. The year-to-year change in the FSA average all rice milling yield is applied to the WASDE reported 2012/13 milling yield to calculate the 2013/14 forecasted av erage milling yield. The 2014/15 milling yield is calculated using the previous five-year O lympic average-- 2009/10-2013/14. 6/ Marketing-year weighted average pri ce received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short-grain season-average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all t he rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has av eraged $1.63 per cwt from 2008/09 through 2012/13, with a high of $3.50 per cwt in 2008 /09 and a low of $0.60 per cwt in 2009/10. October 2014 WASDE - 534 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Sep Oct Filler Filler Filler Filler Filler Million Acres Area Planted 77.2 76.8 84.8 84.2 Area Harvested 76.2 76.3 84.1 83.4 Filler Bushels Yield per Harvested Acre 39.8 44.0 46.6 47.1 Million Bushels Beginning Stocks 169 141 130 92 Production 3,034 3,358 3,913 3,927 Imports 41 72 15 15 Supply, Total 3,243 3,570 4,058 4,034 Crushings 1,689 1,734 1,770 1,770 Exports 1,317 1,647 1,700 1,700 Seed 89 98 92 92 Residual 8 0 22 22 Use, Total 3,103 3,478 3,583 3,583 Ending Stocks 141 92 475 450 Avg. Farm Price ($/bu) 2/ 14.40 13.00 9.00 - 11.00 9.00 - 11.00 Total SOYBEAN OIL 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Septembe r Octobe r Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 2,540 1,705 1,435 1,325 Production 4/ 19,820 20,205 20,445 20,445 Imports 196 165 160 160 Supply, Total 22,555 22,075 22,040 21,930 Domestic Disappearance 18,687 18,850 18,200 18,300 Biodiesel 3/ 4,689 4,800 4,800 4,800 Food, Feed & other Industrial 13,998 14,050 13,400 13,500 Exports 2,164 1,900 2,100 2,100 Use, Total 20,850 20,750 20,300 20,400 Ending stocks 1,705 1,325 1,740 1,530 Avg. Price (c/lb) 2/ 47.13 38.23 34.00 - 38.00 34.00 - 38.00 Total SOYBEAN MEAL 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Septembe r Octobe r Filler 1 2 3 4 Thousand Shor t Tons Beginning Stocks 300 275 300 300 Production 4/ 39,875 40,875 42,035 42,035 Imports 245 350 165 165 Supply, Total 40,420 41,500 42,500 42,500 Domestic Disappearance 28,969 29,700 30,200 30,200 Exports 11,176 11,500 12,000 12,000 Use, Total 40,145 41,200 42,200 42,200 Ending Stocks 275 300 300 300 Avg. Price ($/s.t.) 2/ 468.11 489.94 330.00 - 370.00 330.00 - 370.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oi l, simple average of crude soybean oil, Decatur; meal , simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made fr om methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 1,730 million bushels for 2013 /14. October 2014 WASDE - 534 - 16 U.S. Sugar Supply and Use 1/ 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Sep Oct Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 1,979 2,158 1,896 1,810 Production 2/ 8,982 8,415 8,391 8,542 Beet Sugar 5,076 4,750 4,800 4,970 Cane Sugar 3,906 3,665 3,591 3,572 Florida 1,867 1,759 1,785 1,770 Hawaii 179 165 180 180 Louisiana 1,686 1,600 1,500 1,500 Texas 173 141 126 122 Imports 3,224 3,703 2,876 3,336 TRQ 3/ 957 1,299 1,378 1,378 Other Program 4/ 136 270 400 400 Other 5/ 2,131 2,134 1,098 1,559 Mexico 2,124 2,124 1,088 1,549 Total Supply 14,184 14,276 13,163 13,689 Exports 274 325 250 250 Deliveries 11,752 12,141 11,885 11,885 Food 6/ 11,487 11,700 11,750 11,750 Other 7/ 265 441 135 135 Miscellaneous 0000 Total Use 12,026 12,466 12,135 12,135 Ending Stocks 8/ 2,158 1,810 1,028 1,554 Stocks to Use Ratio 17.9 14.5 8.5 12.8 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2013/14 and 2014/15 are based on Crop Production and processor pr ojections where appropriate. 3/ For 2014/15, WTO TRQ shortfall (200). For 2013/14, WTO TRQ shortfall (240). 4/ In cludes sugar under the re-export and polyhydric alcohol programs . 5/ For 2012/13, other high-tier (7) and other (0). For 2013/14, other high-tier (10) and other (0). For 2014/15, other high-ti er (10) and other (0). 6/Combines SMD deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar- containing products for reexport, and for nonedible alcohol, f eed, and ethanol. 8/ For 2012/13, includes 316,415 short tons, ra w value, of stocks held by the Commodity Credit Corporation. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ ExportsEnding Stocks Sugar 1,000 Metric Tons, Actual Weight 2013/14 Est. Sep 1,460 6,020 226 4,584 2,508 614 2013/14 Est. Oct 1,460 6,021 130 4,428 2,498 685 2014/15 Proj. Sep 614 6,140 399 4,690 1,516 947 2014/15 Proj. Oct 685 6,140 399 4,638 1,650 936 1/ HFCS imports by Mexico (1,000 metric tons, dry basi s): Oct-Sep 2012/13 = 1,105; Oct 2012-Aug 2013 = 1,021; Oct 2013-Aug 2014 =815 . Footnote source: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes domestic consumption, Mexico's products export pr ogram (IMMEX), and any residual statistical discrepancies. IMMEX: 2013/14 (278 est), 2014/15 (384 proj). October 2014 WASDE - 534 - 17 U.S. Cotton Supply and Use 1/ 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Sep Oct Filler Filler Filler Filler Filler Area Million Acres Planted 12.31 10.41 11.01 11.01 Harvested 9.37 7.54 9.88 9.88 Filler Pounds Yield per Harvested Acre 887 821 803 790 Million 480 Pound Bales Beginning Stocks 3.35 3.80 2.45 2.45 Production 17.32 12.91 16.54 16.26 Imports 0.01 0.01 0.01 0.01 Supply, Total 20.68 16.72 19.00 18.72 Domestic Use 3.50 3.55 3.80 3.80 Exports, Total 13.03 10.53 10.00 10.00 Use, Total 16.53 14.08 13.80 13.80 Unaccounted 2/ 0.35 0.19 0.00 0.02 Ending Stocks 3.80 2.45 5.20 4.90 Avg. Farm Price 3/ 72.5 77.9 58.0 - 70.0 55.0 - 65.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the differe nce between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. October 2014 WASDE - 534 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 196.16 658.32 144.22 137.31 679.52 137.36 174.96 United States 20.21 61.67 3.34 10.44 38.14 27.54 19.54 Total Foreign 175.95 596.64 140.87 126.87 641.38 109.82 155.42 Major Exporters 4/ 27.23 193.21 5.91 59.10 141.79 63.85 20.71 Argentina 0.73 9.30 0.00 0.30 6.20 3.55 0.29 Australia 7.05 22.86 0.14 3.40 6.74 18.66 4.65 Canada 5.93 27.21 0.48 4.40 9.60 18.97 5.05 European Union 5/ 13.52 133.85 5.28 51.00 119.25 22.68 10.72 Major Importers 6/ 87.64 187.29 79.47 35.19 264.58 6.47 83.34 Brazil 1.75 4.38 7.36 0.20 10.90 1.58 1.00 China 55.95 121.02 2.96 25.00 125.00 0.97 53.96 Sel. Mideast 7/ 5.14 17.18 20.86 2.75 34.33 0.69 8.16 N. Africa 8/ 14.09 17.32 22.06 2.38 41.42 0.61 11.44 Pakistan 4.02 23.30 0.05 0.60 23.90 0.85 2.62 Southeast Asia 9/ 4.65 0.00 15.76 2.84 15.51 0.77 4.14 Selected Other 0.00 India 19.95 94.88 0.02 3.40 83.82 6.82 24.20 FSU-12 26.01 77.80 7.23 21.53 71.73 25.38 13.94 Russia 10.90 37.72 1.17 11.90 33.55 11.29 4.95 Kazakhstan 6.18 9.84 0.01 2.00 6.80 6.29 2.94 Ukraine 5.36 15.76 0.05 3.10 11.40 7.19 2.58 2013/14 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 174.96 715.13 156.46 130.22 704.52 166.18 185.58 United States 19.54 58.11 4.59 6.19 34.17 32.01 16.05 Total Foreign 155.42 657.03 151.87 124.03 670.34 134.17 169.53 Major Exporters 4/ 20.71 218.15 4.58 56.46 138.71 76.37 28.36 Argentina 0.29 10.50 0.01 0.10 6.05 2.20 2.54 Australia 4.65 27.01 0.15 3.60 6.95 19.00 5.87 Canada 5.05 37.50 0.44 4.76 9.96 23.24 9.80 European Union 5/ 10.72 143.13 3.98 48.00 115.75 31.93 10.16 Major Importers 6/ 83.34 194.45 87.21 32.39 265.87 5.28 93.86 Brazil 1.00 5.30 7.00 0.60 11.40 0.10 1.80 China 53.96 121.93 6.77 21.00 121.50 0.89 60.27 Sel. Mideast 7/ 8.16 18.92 20.69 3.71 37.01 0.58 10.18 N. Africa 8/ 11.44 20.12 25.24 2.88 42.82 0.50 13.48 Pakistan 2.62 24.00 0.39 0.60 24.10 0.75 2.16 Southeast Asia 9/ 4.14 0.00 16.36 2.46 15.69 0.88 3.94 Selected Other 0.00 India 24.20 93.51 0.03 4.80 94.01 5.90 17.83 FSU-12 13.94 103.87 7.39 22.85 72.98 37.10 15.12 Russia 4.95 52.09 0.80 12.50 34.00 18.53 5.31 Kazakhstan 2.94 13.94 0.01 2.00 6.80 8.10 1.99 Ukraine 2.58 22.28 0.07 3.40 11.50 9.76 3.67 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to di fferences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada , and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and South east Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, a nd Oman. 8/ Algeria, Egypt, Li bya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2014 WASDE - 534 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Sep 186.45 719.95 152.95 137.76 710.01 154.83 196.38 Oct 185.58 721.12 154.72 140.31 714.11 156.02 192.59 United States Sep 16.05 55.24 4.63 4.22 32.41 24.49 19.01 Oct 16.05 55.39 4.63 4.90 33.09 25.17 17.80 Total Foreign Sep 170.40 664.71 148.33 133.55 677.60 130.34 177.38 Oct 169.53 665.72 150.10 135.42 681.01 130.85 174.79 Major Exporters 4/ Sep 28.06 216.77 6.14 65.00 148.20 73.30 29.46 Oct 28.36 218.48 5.64 65.50 148.70 74.50 29.27 Argentina Sep 2.74 12.30 0.01 0.10 6.15 6.30 2.60 Oct 2.54 12.00 0.01 0.10 6.15 6.00 2.40 Australia Sep 5.37 25.50 0.15 3.40 6.80 19.00 5.22 Oct 5.87 25.00 0.15 3.40 6.80 18.50 5.72 Canada Sep 9.80 28.00 0.48 4.50 9.75 22.00 6.53 Oct 9.80 27.50 0.48 4.50 9.75 22.00 6.03 European Union 5/ Sep 10.16 150.97 5.50 57.00 125.50 26.00 15.13 Oct 10.16 153.98 5.00 57.50 126.00 28.00 15.13 Major Importers 6/ Sep 94.30 197.18 81.25 33.34 269.60 5.84 97.28 Oct 93.86 196.88 82.28 34.44 271.39 6.34 95.29 Brazil Sep 1.80 6.30 6.50 0.60 11.90 1.00 1.70 Oct 1.80 6.30 6.50 0.60 11.90 1.00 1.70 China Sep 60.27 126.00 2.00 23.00 124.00 1.00 63.27 Oct 60.27 126.00 2.00 23.00 124.00 1.00 63.27 Sel. Mideast 7/ Sep 10.68 17.53 20.90 3.46 36.79 0.53 11.79 Oct 10.18 17.53 21.13 4.01 37.63 0.53 10.68 N. Africa 8/ Sep 13.47 18.25 23.95 2.38 42.83 0.48 12.37 Oct 13.48 17.45 24.35 2.38 43.15 0.48 11.66 Pakistan Sep 2.06 24.50 1.50 0.70 24.70 0.70 2.66 Oct 2.16 25.00 1.00 1.20 25.10 0.70 2.36 Southeast Asia 9/ Sep 3.98 0.00 16.60 2.41 16.24 0.84 3.51 Oct 3.94 0.00 17.00 2.46 16.46 0.84 3.65 Selected Other India Sep 17.83 95.85 0.02 4.50 94.40 3.00 16.30 Oct 17.83 95.91 0.02 4.50 94.46 3.00 16.30 FSU-12 Sep 15.87 112.23 7.17 24.36 74.77 39.54 20.95 Oct 15.12 111.60 7.19 24.58 75.16 38.54 20.21 Russia Sep 5.54 59.00 0.70 13.00 34.50 22.50 8.24 Oct 5.31 59.00 0.50 13.00 34.80 22.50 7.51 Kazakhstan Sep 1.98 13.50 0.01 2.00 6.80 6.50 2.19 Oct 1.99 12.50 0.01 2.00 6.80 5.50 2.19 Ukraine Sep 3.67 24.00 0.05 4.00 12.00 10.00 5.72 Oct 3.67 24.50 0.05 4.00 12.00 10.00 6.22 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to di fferences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada , and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and South east Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, a nd Oman. 8/ Algeria, Egypt, Li bya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2014 WASDE - 534 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 168.35 1,136.93 128.76 669. 99 1,136.49 122.88 168.80 United States 27.82 286.01 6.64 115.71 276.23 20.70 23.53 Total Foreign 140.53 850.93 122.12 554.29 860.26 102.18 145.27 Major Exporters 4/ 19.38 170.21 1.97 76.93 105.23 62.11 24.22 Argentina 1.34 37.25 0.00 7.79 12.05 24.05 2.48 Australia 0.94 11.41 0.00 3.91 5.49 6.02 0.85 Brazil 9.82 84.25 1.27 47.05 55.80 24.98 14.56 Canada 3.39 24.43 0.51 12.97 20.26 4.99 3.08 Major Importers 5/ 38.80 227.32 92.10 238.11 317.19 8.10 32.93 European Union 6/ 15.58 145.89 11.84 113.68 153.10 7.36 12.85 Japan 1.09 0.18 17.74 13.22 18.03 0.00 0.98 Mexico 1.86 28.88 7.60 19.33 36.20 0.52 1.62 N. Afr & Mideast 7/ 12.56 26.48 23.53 45.80 52.98 0.13 9.46 Saudi Arabia 3.13 0.35 10.74 10.30 10.73 0.00 3.49 Southeast Asia 8/ 2.64 25.27 7.98 25.06 32.97 0.09 2.83 South Korea 1.54 0.21 8.27 6.53 8.71 0.00 1.31 Selected Other 0.00 China 60.37 212.19 5.60 146.05 209.67 0.11 68.39 FSU-12 6.16 68.22 0.73 35.55 50.21 19.87 5.04 Russia 1.81 28.66 0.34 16.40 25.13 4.30 1.38 Ukraine 2.42 29.53 0.05 10.93 14.66 15.00 2.33 2013/14 Est. Beginnin g Stock s Productio n Import sDomesti c FeedDomesti c Total 2 / Export s Endin g Stock s World 3/ 168.80 1,278.34 154.81 737. 93 1,237.30 162.40 209.83 United States 23.53 369.45 3.23 135.69 307.38 54.42 34.41 Total Foreign 145.27 908.89 151.58 602.23 929.92 107.98 175.43 Major Exporters 4/ 24.22 173.33 1.88 81.85 111.90 55.81 31.71 Argentina 2.48 34.47 0.01 8.54 13.30 19.01 4.66 Australia 0.85 12.37 0.00 3.84 5.51 7.08 0.63 Brazil 14.56 82.41 1.21 48.58 58.38 21.52 18.28 Canada 3.08 28.74 0.53 15.38 22.57 5.19 4.60 Major Importers 5/ 32.93 246.54 112.25 256.50 338.90 10.83 41.99 European Union 6/ 12.85 158.43 16.32 121.88 163.60 8.63 15.37 Japan 0.98 0.18 17.70 13.09 17.90 0.00 0.96 Mexico 1.62 30.21 11.11 22.53 39.80 0.55 2.60 N. Afr & Mideast 7/ 9.46 30.21 29.84 49.29 56.80 0.31 12.41 Saudi Arabia 3.49 0.35 12.10 10.83 11.25 0.00 4.69 Southeast Asia 8/ 2.83 26.84 10.24 26.86 34.96 1.34 3.61 South Korea 1.31 0.21 10.39 7.85 10.12 0.00 1.79 Selected Other 0.00 China 68.39 225.07 12.30 161.35 227.18 0.04 78.54 FSU-12 5.04 87.63 0.73 40.12 55.98 30.62 6.80 Russia 1.38 35.74 0.21 18.80 28.52 6.86 1.95 Ukraine 2.33 39.92 0.08 12.32 16.23 22.76 3.33 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjust ed to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in som e countries. 4/ Argentina, Australia, Canada, Brazil, a nd South Africa. 5/ The European Union, Me xico, Japan, selected North Africa and Midd le East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes in tra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, M orocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2014 WASDE - 534 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Sep 210.08 1,269.19 144.00 752. 25 1,255.46 147.53 223.81 Oct 209.83 1,272.39 144.05 756. 07 1,256.25 147.93 225.97 United States Sep 32.67 382.12 3.48 140.99 314.62 49.79 53.86 Oct 34.41 383.06 3.35 141.90 314.77 50.29 55.76 Total Foreign Sep 177.41 887.08 140.52 611.26 940.84 97.74 169.95 Oct 175.43 889.32 140.70 614.17 941.48 97.64 170.21 Major Exporters 4/ Sep 32.65 156.71 1.86 82.23 112.81 48.97 29.43 Oct 31.71 156.28 2.06 82.25 112.84 48.07 29.15 Argentina Sep 4.66 31.12 0.01 9.17 14.13 17.21 4.45 Oct 4.66 31.12 0.01 9.17 14.13 17.21 4.45 Australia Sep 0.63 11.61 0.00 4.16 5.84 5.73 0.68 Oct 0.63 11.21 0.00 4.16 5.84 5.33 0.68 Brazil Sep 18.28 78.11 1.21 50.08 59.90 20.01 17.69 Oct 18.28 78.11 1.21 50.08 59.90 20.01 17.69 Canada Sep 5.55 21.82 0.54 13.12 20.52 3.80 3.58 Oct 4.60 21.75 0.74 13.12 20.52 3.30 3.26 Major Importers 5/ Sep 42.60 241.48 103.34 255.64 338.90 10.46 38.06 Oct 41.99 247.15 101.79 257.24 340.80 10.46 39.67 European Union 6/ Sep 15.96 157.97 10.31 116.95 158.97 9.41 15.86 Oct 15.37 163.74 7.16 117.45 159.67 9.41 17.19 Japan Sep 0.96 0.18 18.60 13.99 18.80 0.00 0.94 Oct 0.96 0.18 18.40 13.79 18.60 0.00 0.94 Mexico Sep 2.75 30.14 11.40 23.42 40.94 0.50 2.85 Oct 2.60 30.14 11.40 23.42 40.94 0.50 2.70 N. Afr & Mideast 7/ Sep 12.30 24.99 29.36 49.96 57.62 0.11 8.91 Oct 12.41 24.89 31.16 51.26 59.02 0.11 9.32 Saudi Arabia Sep 4.69 0.35 10.50 11.20 11.68 0.00 3.86 Oct 4.69 0.35 10.50 11.20 11.68 0.00 3.86 Southeast Asia 8/ Sep 3.59 27.51 9.24 27.99 36.19 0.44 3.71 Oct 3.61 27.51 9.24 27.99 36.19 0.44 3.73 South Korea Sep 1.79 0.21 9.59 7.85 10.12 0.00 1.47 Oct 1.79 0.21 9.59 7.85 10.12 0.00 1.47 Selected Other China Sep 78.75 223.75 10.00 165.35 233.50 0.13 78.88 Oct 78.54 223.65 11.40 166.85 235.00 0.13 78.47 FSU-12 Sep 6.92 88.49 0.88 44.20 60.30 27.75 8.24 Oct 6.80 87.87 0.78 43.56 59.72 28.15 7.58 Russia Sep 2.09 40.00 0.28 21.60 31.80 7.41 3.15 Oct 1.95 40.50 0.18 22.10 32.30 7.41 2.91 Ukraine Sep 3.33 36.31 0.06 13.00 16.68 19.46 3.55 Oct 3.33 35.79 0.06 12.33 16.06 19.96 3.16 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjust ed to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Uni on, Mexico, Japan, selected No rth Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Al geria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tuni sia, and Turkey. 8/ Indonesia, Malaysia, Philippi nes, Thailand, and Vietnam. October 2014 WASDE - 534 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 /ExportsEnding Stocks World 3/ 134.41 868.61 99.42 519.39 865.36 95.16 137.66 United States 25.12 273.83 4.06 110.22 263.61 18.55 20.86 Total Foreign 109.29 594.77 95.35 409.17 601.75 76.61 116.80 Major Exporters 4/ 13.79 120.87 0.97 54.90 71.40 45.69 18.53 Argentina 0.90 27.00 0.00 5.30 7.90 18.69 1.32 Brazil 9.21 81.50 0.89 44.50 52.50 24.95 14.15 South Africa 3.68 12.37 0.08 5.10 11.00 2.06 3.06 Major Importers 5/ 15.34 111.62 56.86 119.58 168.81 2.82 12.20 Egypt 2.22 5.80 5.06 10.00 12.00 0.01 1.07 European Union 6/ 6.67 58.87 11.35 53.00 69.60 2.19 5.09 Japan 0.61 0.00 14.41 10.00 14.50 0.00 0.52 Mexico 1.32 21.59 5.68 11.00 27.00 0.52 1.06 Southeast Asia 7/ 2.64 25.22 7.96 25.00 32.90 0.09 2.82 South Korea 1.48 0.08 8.17 6.48 8.48 0.00 1.26 Selected Other 0.00 Canada 1.37 13.06 0.48 6.28 11.61 1.75 1.55 China 59.34 205.61 2.70 144.00 200.00 0.08 67.57 FSU-12 2.45 32.31 0.34 15.52 18.09 15.00 2.00 Ukraine 1.05 20.92 0.04 6.80 8.10 12.73 1.19 2013/14 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ ExportsEnding Stocks World 3/ 137.66 988.57 122.04 575.84 953.23 129.03 173.00 United States 20.86 353.72 0.91 130.19 295.39 48.70 31.39 Total Foreign 116.80 634.85 121.14 445.66 657.84 80.33 141.61 Major Exporters 4/ 18.53 119.05 0.84 57.00 75.00 39.50 23.91 Argentina 1.32 25.00 0.01 5.60 8.50 15.00 2.83 Brazil 14.15 79.30 0.80 46.00 55.00 21.50 17.75 South Africa 3.06 14.75 0.03 5.40 11.50 3.00 3.34 Major Importers 5/ 12.20 119.36 75.33 132.90 185.03 4.29 17.57 Egypt 1.07 5.80 8.50 11.00 13.20 0.01 2.16 European Union 6/ 5.09 64.19 16.00 57.50 76.00 2.40 6.88 Japan 0.52 0.00 15.20 10.70 15.20 0.00 0.52 Mexico 1.06 22.40 10.70 15.00 31.50 0.55 2.11 Southeast Asia 7/ 2.82 26.79 10.23 26.80 34.90 1.33 3.60 South Korea 1.26 0.08 10.30 7.80 9.90 0.00 1.74 Selected Other 0.00 Canada 1.55 14.20 0.50 7.62 12.80 1.85 1.59 China 67.57 218.49 3.40 154.00 212.00 0.03 77.44 FSU-12 2.00 46.90 0.42 18.67 21.44 24.55 3.33 Ukraine 1.19 30.90 0.05 8.50 9.90 20.00 2.24 1/ Aggregate of local marketing years. 2/ Total forei gn and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Mala ysia, Philippines, Thailand, and Vietnam. October 2014 WASDE - 534 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Sep 173.08 987.52 112.87 594.02 970.69 115.19 189.91 Oct 173.00 990.69 111.72 596.19 973.11 114.09 190.58 United States Sep 30.01 365.66 0.76 135.26 301.13 44.45 50.84 Oct 31.39 367.68 0.64 136.53 302.40 44.45 52.85 Total Foreign Sep 143.07 621.86 112.11 458.76 669.56 70.74 139.06 Oct 141.61 623.01 111.09 459.66 670.70 69.64 137.73 Major Exporters 4/ Sep 23.91 111.50 0.84 59.20 77.50 36.20 22.55 Oct 23.91 111.50 0.84 59.20 77.50 36.20 22.55 Argentina Sep 2.83 23.00 0.01 6.10 9.20 14.00 2.64 Oct 2.83 23.00 0.01 6.10 9.20 14.00 2.64 Brazil Sep 17.75 75.00 0.80 47.50 56.50 20.00 17.05 Oct 17.75 75.00 0.80 47.50 56.50 20.00 17.05 South Africa Sep 3.34 13.50 0.03 5.60 11.80 2.20 2.86 Oct 3.34 13.50 0.03 5.60 11.80 2.20 2.86 Major Importers 5/ Sep 18.20 124.27 66.00 134.20 187.18 3.45 17.85 Oct 17.57 126.94 63.80 134.90 187.98 3.45 16.89 filler filler filler filler filler filler filler Egypt Sep 2.46 5.75 6.50 10.60 12.80 0.01 1.90 Oct 2.16 5.75 7.50 11.50 13.80 0.01 1.60 European Union 6/ Sep 7.08 68.35 10.00 56.50 75.50 2.50 7.43 Oct 6.88 71.02 7.00 56.50 75.50 2.50 6.90 Japan Sep 0.52 0.00 15.70 11.20 15.70 0.00 0.53 Oct 0.52 0.00 15.50 11.00 15.50 0.00 0.53 Mexico Sep 2.26 22.50 10.90 16.00 32.75 0.50 2.41 Oct 2.11 22.50 10.90 16.00 32.75 0.50 2.26 Southeast Asia 7/ Sep 3.59 27.46 9.20 27.90 36.10 0.44 3.71 Oct 3.60 27.46 9.20 27.90 36.10 0.44 3.72 South Korea Sep 1.74 0.08 9.50 7.80 9.90 0.00 1.42 Oct 1.74 0.08 9.50 7.80 9.90 0.00 1.42 Selected Other Canada Sep 2.55 11.60 0.50 6.60 12.00 1.00 1.65 Oct 1.59 11.50 0.70 6.60 12.00 0.50 1.29 China Sep 77.46 217.00 3.00 160.00 220.00 0.10 77.36 Oct 77.44 217.00 3.00 160.00 220.00 0.10 77.34 FSU-12 Sep 3.31 42.66 0.42 20.09 22.96 19.94 3.49 Oct 3.33 40.66 0.42 19.29 22.16 19.34 2.91 Ukraine Sep 2.24 26.00 0.05 8.50 9.90 16.00 2.39 Oct 2.24 25.00 0.05 8.00 9.40 16.00 1.89 1/ Aggregate of local marketing years. 2/ Total foreign a nd world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not ba lance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Ar gentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast As ia. 6/ Trade excludes intra-tr ade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2014 WASDE - 534 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ 106.78 471.97 36.38 468.74 39.25 110.01 United States 1.30 6.34 0.67 3.77 3.39 1.16 Total Foreign 105.47 465.64 35.71 464.98 35.87 108.85 Major Exporters 4/ 36.81 158.78 0.75 128.85 27.87 39.61 India 25.10 105.24 0.00 94.03 10.87 25.44 Pakistan 0.55 5.80 0.05 2.32 3.58 0.50 Thailand 9.33 20.20 0.60 10.60 6.72 12.81 Vietnam 1.83 27.54 0.10 21.90 6.70 0.86 Major Importers 5/ 12.90 62.61 13.13 75.45 1.07 12.12 Brazil 0.54 8.04 0.64 7.85 0.84 0.53 European Union 6/ 1.12 2.10 1.40 3.25 0.20 1.16 Indonesia 7.40 36.55 0.65 38.13 0.00 6.48 Nigeria 1.02 2.37 2.80 5.30 0.00 0.89 Philippines 1.51 11.43 1.40 12.85 0.00 1.49 Sel. Mideast 7/ 0.97 1.65 4.84 6.05 0.00 1.40 Selected Other 0.00 Burma 0.40 11.72 0.00 10.40 1.16 0.55 C. Amer & Carib 8/ 0.43 1.65 1.42 3.14 0.01 0.35 China 45.02 143.00 3.14 144.00 0.34 46.83 Egypt 0.49 4.68 0.02 4.05 0.70 0.43 Japan 2.75 7.76 0.69 8.25 0.20 2.74 Mexico 0.15 0.13 0.74 0.84 0.00 0.19 South Korea 0.73 4.01 0.51 4.50 0.00 0.74 2013/14 Est. Beginning Stocks Production ImportsTotal /2 Domestic ExportsEnding Stocks World 3/ 110.01 476.56 38.92 476.11 40.88 110.45 United States 1.16 6.12 0.73 4.00 2.99 1.03 Total Foreign 108.85 470.44 38.18 472.12 37.89 109.43 Major Exporters 4/ 39.61 161.70 0.63 131.51 29.90 40.54 India 25.44 106.54 0.00 96.50 10.00 25.48 Pakistan 0.50 6.70 0.03 2.63 3.90 0.70 Thailand 12.81 20.46 0.30 10.88 9.50 13.19 Vietnam 0.86 28.00 0.30 21.50 6.50 1.16 Major Importers 5/ 12.12 63.22 13.80 76.75 1.13 11.26 Brazil 0.53 8.30 0.70 7.90 0.90 0.73 European Union 6/ 1.16 1.94 1.35 3.23 0.20 1.03 Indonesia 6.48 36.00 1.40 38.50 0.00 5.38 Nigeria 0.89 2.77 3.00 6.00 0.00 0.66 Philippines 1.49 11.86 1.45 12.85 0.00 1.95 Sel. Mideast 7/ 1.40 1.83 4.33 6.20 0.00 1.36 Selected Other 0.00 Burma 0.55 11.96 0.00 10.50 1.30 0.71 C. Amer & Carib 8/ 0.35 1.72 1.56 3.27 0.01 0.33 China 46.83 142.53 3.90 146.30 0.26 46.70 Egypt 0.43 4.88 0.03 4.00 0.80 0.53 Japan 2.74 7.83 0.70 8.25 0.20 2.82 Mexico 0.19 0.13 0.73 0.86 0.00 0.18 South Korea 0.74 4.23 0.41 4.61 0.00 0.78 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World impor ts and exports may not balance due to differen ces in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philipp ines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ C entral American and Caribbean countries. October 2014 WASDE - 534 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ Sep 109.97 476.98 38.71 481.83 41.15 105.13 Oct 110.45 475.48 38.86 481.69 41.15 104.24 United States Sep 1.03 6.98 0.67 4.19 3.26 1.22 filler filler filler filler filler filler Oct 1.03 7.06 0.67 4.19 3.26 1.30 Total Foreign Sep 108.94 470.00 38.04 477.63 37.88 103.91 filler filler filler filler filler filler Oct 109.43 468.42 38.19 477.50 37.88 102.95 Major Exporters 4/ Sep 40.44 158.40 0.73 133.10 29.30 37.17 Oct 40.54 157.20 0.73 133.10 29.30 36.07 India Sep 25.48 103.00 0.00 98.00 8.70 21.78 Oct 25.48 102.00 0.00 98.00 8.70 20.78 filler filler filler filler filler filler Pakistan Sep 0.60 6.70 0.03 2.70 3.90 0.73 Oct 0.70 6.50 0.03 2.70 3.90 0.63 Thailand Sep 13.19 20.50 0.30 10.90 10.00 13.09 Oct 13.19 20.50 0.30 10.90 10.00 13.09 Vietnam Sep 1.16 28.20 0.40 21.50 6.70 1.56 Oct 1.16 28.20 0.40 21.50 6.70 1.56 Major Importers 5/ Sep 11.17 64.43 14.30 78.10 1.12 10.68 Oct 11.26 64.43 14.30 78.10 1.12 10.77 Brazil Sep 0.68 8.35 0.70 7.90 0.90 0.93 filler filler filler filler filler filler Oct 0.73 8.35 0.70 7.90 0.90 0.98 European Union 6/ Sep 1.03 1.95 1.40 3.20 0.19 0.99 Oct 1.03 1.95 1.40 3.20 0.19 0.99 Indonesia Sep 5.38 37.00 1.00 39.20 0.00 4.18 Oct 5.38 37.00 1.00 39.20 0.00 4.18 Nigeria Sep 0.66 2.55 3.50 6.10 0.00 0.61 Oct 0.66 2.55 3.50 6.10 0.00 0.61 Philippines Sep 1.90 12.20 1.60 13.20 0.00 2.50 Oct 1.95 12.20 1.60 13.20 0.00 2.55 Sel. Mideast 7/ Sep 1.36 1.85 4.48 6.38 0.00 1.31 Oct 1.36 1.85 4.48 6.38 0.00 1.31 Selected Other Burma Sep 0.71 12.15 0.00 11.00 1.30 0.56 Oct 0.71 12.15 0.00 11.00 1.30 0.56 C. Amer & Carib 8/ Sep 0.33 1.75 1.55 3.29 0.01 0.33 Oct 0.33 1.75 1.55 3.29 0.01 0.33 China Sep 46.70 144.00 3.70 148.00 0.35 46.05 Oct 46.70 144.00 3.70 148.00 0.35 46.05 Egypt Sep 0.53 4.90 0.06 4.10 0.88 0.52 Oct 0.53 4.90 0.06 4.10 0.88 0.52 Japan Sep 2.82 7.70 0.70 8.20 0.20 2.82 Oct 2.82 7.70 0.70 8.20 0.20 2.82 Mexico Sep 0.18 0.13 0.78 0.89 0.00 0.19 Oct 0.18 0.13 0.78 0.89 0.00 0.19 South Korea Sep 0.78 4.05 0.41 4.59 0.00 0.65 Oct 0.78 4.05 0.41 4.59 0.00 0.65 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-28. 6/ Tr ade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. October 2014 WASDE - 534 - 26 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2012/13 Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World 73.52 122.89 46.19 106.89 46.72 -0.83 89.82 United States 3.35 17.32 0.01 3.50 13.03 0.35 3.80 Total Foreign 70.17 105.58 46.18 103.39 33.69 -1.18 86.02 Major Exporters 4/ 29.11 53.40 1.60 30.63 29.11 -1.32 25.69 Central Asia 5/ 3.09 7.27 3 / 2.33 5.32 0.00 2.71 Afr. Fr. Zone 6/ 1.14 4.21 3 / 0.16 4.11 0.00 1.08 S. Hemis 7/ 13.55 12.21 0.17 5.17 11.49 -0.33 9.60 Australia 3.81 4.60 3 / 0.04 6.17 -0.20 2.40 Brazil 7.99 6.00 0.07 4.10 4.31 -0.15 5.80 India 10.87 28.50 1.20 21.85 7.75 -1.00 11.97 Major Importers 8/ 39.19 49.63 41.83 69.14 2.71 0.14 58.67 Mexico 0.71 1.04 0.95 1.80 0.23 0.03 0.65 China 31.08 35.00 20.33 36.00 0.05 0.00 50.36 European Union 9/ 0.69 1.49 0.93 0.92 1.58 0.05 0.56 Turkey 1.24 2.65 3.69 6.05 0.22 0.00 1.32 Pakistan 2.84 9.30 1.80 10.75 0.45 0.03 2.71 Indonesia 0.53 0.03 3.00 2.95 0.01 0.00 0.60 Thailand 0.26 3 / 1.51 1.48 0.01 0.03 0.27 Bangladesh 0.87 0.11 3.90 3.90 0.00 0.01 0.97 Vietnam 0.32 0.02 2.41 2.25 0.00 0.00 0.49 2013/14 Est. Beginning Stocks Production ImportsDomestic Use ExportsLoss /2 Ending Stocks World 89.82 119.60 40.72 108.41 40.92 -0.49 101.31 United States 3.80 12.91 0.01 3.55 10.53 0.19 2.45 Total Foreign 86.02 106.69 40.71 104.86 30.39 -0.69 98.86 Major Exporters 4/ 25.69 56.76 1.38 32.36 25.95 -0.83 26.36 Central Asia 5/ 2.71 6.55 3 / 2.41 4.33 0.00 2.52 Afr. Fr. Zone 6/ 1.08 4.21 3 / 0.16 3.99 0.00 1.15 S. Hemis 7/ 9.60 13.97 0.23 5.30 7.83 -0.34 11.01 Australia 2.40 4.10 3 / 0.04 4.85 -0.20 1.81 Brazil 5.80 8.00 0.15 4.20 2.23 -0.15 7.67 India 11.97 31.00 0.75 23.50 9.40 -0.50 11.32 Major Importers 8/ 58.67 47.23 36.35 68.78 2.56 0.14 70.78 Mexico 0.65 0.92 1.04 1.85 0.16 0.03 0.58 China 50.36 32.75 14.12 34.50 0.03 0.00 62.71 European Union 9/ 0.56 1.60 0.89 0.92 1.52 0.05 0.56 Turkey 1.32 2.30 4.25 6.30 0.20 0.00 1.36 Pakistan 2.71 9.50 1.20 10.40 0.51 0.03 2.48 Indonesia 0.60 0.03 3.00 3.05 0.01 0.00 0.57 Thailand 0.27 3 / 1.55 1.50 0.00 0.03 0.29 Bangladesh 0.97 0.12 4.10 4.15 0.00 0.01 1.02 Vietnam 0.49 0.02 3.20 3.20 0.00 0.00 0.51 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marke ting channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks base d on supply less total use and indicated endi ng stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kaza khstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Re public, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Austra lia, Brazil, Paraguay, South Africa, Tanzan ia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes H ong Kong, Japan, Russia, South Korea, a nd Taiwan. 9/ Includes intra-EU trade. October 2014 WASDE - 534 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2014/15 Proj. Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World Sep 100.30 118.01 35.19 112.12 35.18 -0.09 106.29 Oct 101.31 119.37 34.39 113.68 34.40 -0.12 107.11 United States Sep 2.45 16.54 0.01 3.80 10.00 0.00 5.20 Oct 2.45 16.26 0.01 3.80 10.00 0.02 4.90 Total Foreign Sep 97.85 101.48 35.18 108.32 25.18 -0.09 101.09 Oct 98.86 103.12 34.38 109.88 24.40 -0.14 102.21 filler filler filler filler filler filler filler Major Exporters 4/ Sep 26.17 53.50 1.31 33.34 20.93 -0.28 26.98 Oct 26.36 53.82 1.31 33.09 20.03 -0.28 28.65 Central Asia 5/ Sep 2.51 6.46 3 / 2.45 3.60 0.00 2.93 Oct 2.52 6.46 3 / 2.35 3.60 0.00 3.04 Afr. Fr. Zone 6/ Sep 1.15 4.51 3 / 0.15 3.81 0.00 1.70 Oct 1.15 4.51 3 / 0.15 3.81 0.00 1.70 S. Hemis 7/ Sep 10.83 11.71 0.16 5.09 7.55 -0.29 10.34 Oct 11.01 11.03 0.16 5.19 7.35 -0.29 9.94 Australia Sep 1.80 2.50 3 / 0.04 3.00 -0.15 1.42 Oct 1.81 2.30 3 / 0.04 3.20 -0.15 1.02 Brazil Sep 7.47 7.30 0.08 4.00 3.70 -0.15 7.29 Oct 7.67 7.00 0.08 4.10 3.40 -0.15 7.39 India Sep 11.32 30.00 0.80 24.75 5.70 0.00 11.67 Oct 11.32 31.00 0.80 24.50 5.00 0.00 13.62 filler filler filler filler filler filler filler Major Importers 8/ Sep 69.95 45.25 30.80 71.23 2.42 0.19 72.16 Oct 70.78 46.60 29.99 73.07 2.55 0.14 71.62 Mexico Sep 0.58 1.20 1.03 1.88 0.20 0.03 0.70 Oct 0.58 1.20 1.03 1.88 0.20 0.03 0.70 China Sep 61.96 29.50 8.00 36.50 0.05 0.00 62.91 Oct 62.71 30.50 7.00 38.00 0.05 0.00 62.16 European Union 9/ Sep 0.56 1.74 0.90 0.96 1.43 0.05 0.75 Oct 0.56 1.79 0.89 0.93 1.51 0.05 0.74 Turkey Sep 1.36 3.15 3.75 6.45 0.20 0.00 1.61 Oct 1.36 3.15 3.80 6.50 0.20 0.00 1.61 Pakistan Sep 2.48 9.50 1.60 10.50 0.40 0.03 2.65 Oct 2.48 9.80 1.50 10.60 0.45 0.03 2.70 Indonesia Sep 0.47 0.03 2.88 2.75 0.01 0.05 0.57 Oct 0.57 0.03 3.10 3.05 0.01 0.00 0.64 Thailand Sep 0.29 3 / 1.63 1.55 0.01 0.03 0.34 Oct 0.29 3 / 1.58 1.50 0.01 0.03 0.34 Bangladesh Sep 1.02 0.12 4.50 4.45 0.00 0.01 1.18 Oct 1.02 0.12 4.45 4.35 0.00 0.01 1.23 Vietnam Sep 0.51 0.02 3.40 3.25 0.00 0.00 0.67 Oct 0.51 0.02 3.60 3.40 0.00 0.00 0.72 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing ch annel; for Australia, Brazil, China, and the United States, refl ects the difference between implicit stocks based on supply less total use a nd indicated ending stocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenist an, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions liste d, includes Hong Kong, Japan, Russia, South Kor ea, and Taiwan. 9/ Includes intra-EU trade. October 2014 WASDE - 534 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Domestic CrushDomestic TotalExports Ending Stocks World 2/ 53.55 267.83 95.88 229.57 259.90 100.52 56.84 United States 4.61 82.56 1.10 45.97 48.60 35.85 3.83 Total Foreign 48.94 185.27 94.77 183.61 211.30 64.67 53.01 Major Exporters 3/ 29.80 143.15 0.42 71.90 76.89 58.69 37.80 Argentina 16.39 49.30 0.00 33.61 35.55 7.74 22.40 Brazil 13.02 82.00 0.40 35.24 38.19 41.90 15.33 Paraguay 0.36 8.20 0.03 2.95 3.03 5.52 0.04 Major Importers 4/ 17.00 15.33 84.19 86.14 102.90 0.38 13.24 China 15.91 13.05 59.87 64.95 76.18 0.27 12.38 European Union 0.54 0.95 12.51 12.74 13.65 0.09 0.25 Japan 0.13 0.24 2.83 1.92 3.01 0.00 0.18 Mexico 0.13 0.25 3.41 3.65 3.69 0.00 0.10 2013/14 Est. Beginnin g Stock s P roduction Import sDomesti c CrushDomesti c Total Export sEndin g Stock s World 2/ 56.84 285.01 108.90 239.21 270.87 113.39 66.49 United States 3.83 91.39 1.95 47.19 49.85 44.82 2.50 Total Foreign 53.01 193.62 106.94 192.02 221.02 68.57 63.99 Major Exporters 3/ 37.80 152.30 0.63 75.83 81.03 62.97 46.73 Argentina 22.40 54.00 0.00 36.18 38.23 8.50 29.68 Brazil 15.33 86.70 0.60 36.00 39.00 46.83 16.80 Paraguay 0.04 8.10 0.03 3.50 3.64 4.30 0.23 Major Importers 4/ 13.24 14.75 94.50 90.36 107.56 0.32 14.61 China 12.38 12.20 69.00 68.75 80.10 0.24 13.24 European Union 0.25 1.23 12.65 12.50 13.43 0.06 0.64 Japan 0.18 0.20 2.87 1.94 3.03 0.00 0.22 Mexico 0.10 0.25 3.85 4.00 4.04 0.00 0.17 2014/15 Proj. Beginnin g Stock s Productio n Import s Domesti c CrushDomesti c Total Export s Endin g Stock s World 2/ Sep 66.91 311.13 112.50 252.08 284.98 115.40 90.17 Oct 66.49 311.20 112.50 251.48 284.33 115.20 90.67 United States Sep 3.55 106.50 0.41 48.17 51.26 46.27 12.93 Oct 2.50 106.87 0.41 48.17 51.26 46.27 12.26 Total Foreign Sep 63.36 204.63 112.09 203.91 233.72 69.13 77.24 Oct 63.99 204.33 112.09 203.31 233.07 68.93 78.41 Major Exporters 3/ Sep 46.11 160.60 0.63 81.20 86.61 62.70 58.03 Oct 46.73 160.60 0.63 80.50 85.91 62.70 59.35 Argentina Sep 28.63 55.00 0.00 39.80 41.90 8.50 33.23 Oct 29.68 55.00 0.00 39.10 41.20 8.50 34.98 Brazil Sep 17.23 94.00 0.60 37.60 40.75 46.70 24.38 Oct 16.80 94.00 0.60 37.60 40.75 46.70 23.95 Paraguay Sep 0.23 8.20 0.03 3.60 3.74 4.32 0.40 Oct 0.23 8.20 0.03 3.60 3.74 4.32 0.40 Major Importers 4/ Sep 14.61 14.85 100.19 95.72 113.29 0.39 15.97 Oct 14.61 14.75 100.19 95.82 113.34 0.39 15.82 China Sep 13.24 12.00 74.00 73.50 84.95 0.30 13.99 Oct 13.24 11.80 74.00 73.50 84.90 0.30 13.84 European Union Sep 0.64 1.47 12.75 12.66 13.69 0.07 1.10 Oct 0.64 1.58 12.75 12.76 13.79 0.07 1.10 Japan Sep 0.22 0.21 2.90 1.97 3.07 0.00 0.26 Oct 0.22 0.21 2.90 1.97 3.07 0.00 0.26 Mexico Sep 0.17 0.29 3.95 4.20 4.24 0.00 0.17 Oct 0.17 0.29 3.95 4.20 4.24 0.00 0.17 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an Octobe r-September year. 2/ World i mports and exports may not balance due to differences in local marketing years and to time lags be tween reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japa n, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Phil ippines, Vietnam, and Thailand). October 2014 WASDE - 534 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 9.65 180.95 53.78 177.30 57.82 9.25 United States 0.27 36.17 0.22 26.28 10.14 0.25 Total Foreign 9.37 144.78 53.56 151.02 47.68 9.00 Major Exporters 3/ 6.25 61.20 0.04 19.33 41.26 6.89 Argentina 2.92 26.09 0.00 1.60 23.67 3.74 Brazil 3.20 27.31 0.03 14.20 13.24 3.10 India 0.13 7.80 0.01 3.53 4.35 0.05 Major Importers 4/ 1.48 13.90 31.18 45.05 0.57 0.93 European Union 0.37 10.19 16.94 26.89 0.54 0.08 Southeast Asia 5/ 0.90 2.26 12.47 14.81 0.04 0.78 2013/14 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endi ng Stock s World 2/ 9.25 188.15 57.61 184.96 59.90 10.15 United States 0.25 37.08 0.32 26.94 10.43 0.27 Total Foreign 9.00 151.07 57.30 158.02 49.47 9.88 Major Exporters 3/ 6.89 62.60 0.03 20.15 41.95 7.43 Argentina 3.74 27.95 0.00 1.80 25.20 4.69 Brazil 3.10 27.77 0.03 14.40 13.95 2.55 India 0.05 6.88 0.01 3.95 2.80 0.19 Major Importers 4/ 0.93 13.88 33.89 47.08 0.42 1.20 European Union 0.08 9.94 18.70 27.97 0.35 0.40 Southeast Asia 5/ 0.78 2.47 13.15 15.63 0.07 0.71 2014/15 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Sep 10.35 198.72 60.63 194.32 64.58 10.79 Oct 10.15 198.19 60.63 194.34 64.19 10.44 United States Sep 0.27 38.13 0.15 27.40 10.89 0.27 Oct 0.27 38.13 0.15 27.40 10.89 0.27 Total Foreign Sep 10.07 160.58 60.48 166.93 53.69 10.52 Oct 9.88 160.05 60.48 166.94 53.30 10.17 Major Exporters 3/ Sep 7.62 67.15 0.03 21.02 46.32 7.47 Oct 7.43 66.60 0.03 21.02 45.93 7.11 Argentina Sep 5.04 30.95 0.00 2.00 29.22 4.77 Oct 4.69 30.40 0.00 2.00 28.83 4.26 Brazil Sep 2.40 29.00 0.03 14.85 14.10 2.47 Oct 2.55 29.00 0.03 14.85 14.10 2.62 India Sep 0.19 7.20 0.01 4.17 3.00 0.23 Oct 0.19 7.20 0.01 4.17 3.00 0.23 Major Importers 4/ Sep 1.20 14.20 35.85 49.10 0.62 1.52 Oct 1.20 14.22 35.85 49.12 0.62 1.52 European Union Sep 0.40 10.06 19.80 29.14 0.55 0.56 Oct 0.40 10.08 19.80 29.16 0.55 0.56 Southeast Asia 5/ Sep 0.71 2.64 13.95 16.36 0.07 0.87 Oct 0.71 2.64 13.95 16.36 0.07 0.87 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Ar gentina, Brazil, and India. 4/ European Union, Southeast Asia , and Japan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. October 2014 WASDE - 534 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 3.88 42.89 8.43 42.34 9.32 3.54 United States 1.15 8.99 0.09 8.48 0.98 0.77 Total Foreign 2.72 33.90 8.34 33.87 8.34 2.77 Major Exporters 3/ 0.89 15.44 0.40 9.46 6.51 0.76 Argentina 0.32 6.36 0.09 2.28 4.24 0.26 Brazil 0.42 6.76 0.01 5.53 1.25 0.40 European Union 0.15 2.32 0.30 1.65 1.01 0.10 Major Importers 4/ 1.08 13.78 3.88 17.15 0.16 1.43 China 0.62 11.63 1.41 12.55 0.08 1.02 India 0.36 1.74 1.09 2.91 0.00 0.28 North Africa 5/ 0.10 0.41 1.39 1.69 0.08 0.13 2013/14 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 3.54 44.57 9.03 44.96 9.19 3.00 United States 0.77 9.17 0.08 8.55 0.86 0.60 Total Foreign 2.77 35.41 8.96 36.41 8.33 2.40 Major Exporters 3/ 0.76 15.98 0.33 10.24 6.29 0.54 Argentina 0.26 6.80 0.01 2.78 4.11 0.18 Brazil 0.40 6.91 0.00 5.69 1.38 0.24 European Union 0.10 2.27 0.32 1.77 0.80 0.12 Major Importers 4/ 1.43 14.30 4.33 18.58 0.18 1.30 China 1.02 12.32 1.25 13.51 0.10 0.99 India 0.28 1.54 1.65 3.30 0.00 0.17 North Africa 5/ 0.13 0.44 1.43 1.77 0.08 0.15 2014/15 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Sep 3.10 47.00 9.09 46.24 9.59 3.36 Oct 3.00 46.88 9.09 46.26 9.49 3.23 United States Sep 0.65 9.27 0.07 8.26 0.95 0.79 Oct 0.60 9.27 0.07 8.30 0.95 0.69 Total Foreign Sep 2.45 37.73 9.01 37.99 8.63 2.57 Oct 2.40 37.61 9.02 37.96 8.53 2.54 Major Exporters 3/ Sep 0.61 17.11 0.30 10.86 6.52 0.64 Oct 0.54 17.00 0.31 10.83 6.42 0.58 Argentina Sep 0.30 7.60 0.00 3.14 4.45 0.31 Oct 0.18 7.47 0.01 3.09 4.35 0.20 Brazil Sep 0.19 7.22 0.00 5.94 1.27 0.19 Oct 0.24 7.22 0.00 5.94 1.27 0.24 European Union Sep 0.12 2.30 0.30 1.78 0.80 0.14 Oct 0.12 2.32 0.30 1.80 0.80 0.14 Major Importers 4/ Sep 1.28 15.23 4.24 19.30 0.17 1.28 Oct 1.30 15.23 4.24 19.30 0.17 1.30 China Sep 0.99 13.16 1.10 14.18 0.08 0.99 Oct 0.99 13.16 1.10 14.18 0.08 0.99 India Sep 0.15 1.61 1.70 3.30 0.00 0.16 Oct 0.17 1.61 1.70 3.30 0.00 0.18 North Africa 5/ Sep 0.15 0.46 1.44 1.82 0.09 0.13 Oct 0.15 0.46 1.44 1.82 0.09 0.13 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and i mports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and Eurpoean Union. 4/ China, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. October 2014 WASDE - 534 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Mea t 2/Broiler Turkey Total Poultry 3 /Red Meat & PoultryEgg Milk Million Pounds Mil doz Bil lbs 2013 IV 6,423 6,274 12,764 9,537 1, 420 11,080 23,844 2,063 49.3 Annual 25,720 23,187 49,174 37,830 5, 805 44,159 93,333 8,046 201.2 2014 I 5,868 5,785 11,716 9,283 1, 332 10,739 22,455 2,006 51.0 II 6,183 5,504 11,754 9,618 1, 429 11,181 22,935 2,042 52.9 III 6,185 5,420 11,664 9,850 1, 470 11,460 23,124 2,070 51.0 IV* 6,120 6,050 12,231 9,700 1, 500 11,330 23,561 2,115 51.2 Annual Sep Proj. 24,321 22,774 47,346 38,451 5, 726 44,710 92,056 8,143 206.3 Oct Proj. 24,356 22,759 47,365 38,451 5, 731 44,710 92,075 8,233 206.1 2015 I* 5,525 5,910 11,498 9,530 1, 400 11,055 22,553 2,055 52.8 II* 6,100 5,750 11,909 9,970 1, 475 11,585 23,494 2,085 54.5 III* 6,130 5,860 12,049 10,105 1, 525 11,775 23,824 2,095 52.7 Annual Sep Proj. 23,640 23,325 47,206 39,480 5, 925 45,950 93,156 8,300 212.5 Oct Proj. 23,790 23,925 47,956 39,560 5, 925 46,030 93,986 8,380 212.8 * Projection. 1/ Commercial production for red meats; federa lly inspected for poultry meats. 2/ Beef, pork, veal and lamb & mutton. 3/ Broile rs, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/Barrows and gilts 3/Broilers 4/Turkeys 5/Eggs 6/Milk 7/ Dol./cw t Dol./cw t Cents/lb. Cents/lb. Cents/doz. Dol./cw t 2013 IV 130.77 61.11 92.8 105.4 143.0 21.50 Annual 125.89 64.05 99.7 99.8 124.7 20.05 2014 I 146.34 68.69 98.4 100.7 142.7 24.53 II 147.82 85.40 113.7 105.6 134.6 24.23 III 158.49 83.30 104.6 110.2 129.3 24.13 IV* 156-162 72-74 102-106 112-116 139-145 23.50-23.90 Annual Sep Proj. 151-154 77-78 103-105 107-108 137-139 23.80-24.00 Oct Proj. 152.91 77.60 105.2 107.6 137.2 24.10-24.20 2015 I* 151-161 64-68 101-109 98-106 132-142 20.35-21.05 II* 150-162 66-72 102-110 100-108 117-127 17.90-18.90 III* 149-161 65-71 99-107 104-112 113-123 18.20-19.20 Annual Sep Proj. 149-162 67-73 99-107 102-111 124-134 19.40-20.40 Oct Proj. 149-162 63-68 100-108 102-111 124-134 18.95-19.85 *Projection. 1/ Simple average of months . 2/ 5-Area, Direct, Total all grades 3/ National Base, Live equiv 51-52% lean. 4/ Who lesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. October 2014 WASDE - 534 - 32 U.S. Meats Supply and Use Item Beginning stocksProduction 1/ ImportsTotal Supply ExportsEnding StocksTotal UsePer Capita 2/ 3/ Million Pounds /4 Beef 2013 608 25,791 2,250 28,649 2,590 584 25,475 56.3 2014 Proj. Sep 584 24,392 2,684 27,660 2,620 510 24,530 53.9 Oct 584 24,427 2,684 27,695 2,600 475 24,620 54.1 2015 Proj. Sep 510 23,711 2,700 26,921 2,525 510 23,886 52.1 Oct 475 23,861 2,700 27,036 2,525 485 24,026 52.4 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2013 625 23,200 880 24,705 4,992 618 19,095 46.8 2014 Proj. Sep 618 22,788 947 24,352 5,066 550 18,736 45.6 Oct 618 22,773 947 24,337 5,116 580 18,641 45.4 2015 Proj. Sep 550 23,338 920 24,808 5,145 605 19,058 46.1 Oct 580 23,938 900 25,418 5,250 605 19,563 47.3 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2013 1,260 49,270 3,302 53,832 7,589 1,230 45,013 104.4 2014 Proj. Sep 1,230 47,441 3,804 52,474 7,694 1,097 43,683 100.6 Oct 1,230 47,460 3,809 52,498 7,724 1,098 43,676 100.6 2015 Proj. Sep 1,097 47,301 3,786 52,184 7,679 1,148 43,357 99.3 Oct 1,098 48,051 3,766 52,915 7,784 1,133 43,998 100.8 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2013 651 37,425 122 38,199 7,345 669 30,184 81.9 2014 Proj. Sep 669 38,040 119 38,827 7,219 605 31,003 83.5 Oct 669 38,040 119 38,827 7,269 625 30,933 83.4 2015 Proj. Sep 605 39,058 116 39,779 7,365 645 31,769 85.0 Oct 625 39,137 116 39,878 7,365 645 31,868 85.3 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2013 296 5,729 22 6,047 759 237 5,051 16.0 2014 Proj. Sep 237 5,726 28 5,991 767 225 4,999 15.7 Oct 237 5,731 28 5,996 807 225 4,964 15.6 2015 Proj. Sep 225 5,925 28 6,178 780 310 5,088 15.8 Oct 225 5,925 28 6,178 820 310 5,048 15.7 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2013 949 43,677 146 44,772 8,213 912 35,647 99.2 2014 Proj. Sep 912 44,298 148 45,358 8,097 834 36,427 100.6 Oct 912 44,298 148 45,358 8,183 855 36,320 100.3 2015 Proj. Sep 834 45,527 146 46,507 8,270 959 37,278 102.2 Oct 855 45,606 146 46,607 8,310 960 37,337 102.3 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2013 2,208 92,947 3,449 98,604 15,802 2,142 80,660 203.5 2014 Proj. Sep 2,142 91,739 3,951 97,832 15,791 1,931 80,110 201.2 Oct 2,142 91,758 3,956 97,856 15,907 1,953 79,996 200.8 2015 Proj. Sep 1,931 92,828 3,932 98,691 15,949 2,107 80,635 201.4 Oct 1,953 93,657 3,912 99,522 16,094 2,093 81,335 203.1 1/ Total including farm production for red meats and, for pou ltry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis for red meat and broilers; certified ready-to-cook weight for turkey. 3/ Populati on source: Dept. of Commerce, Census Bureau . 4/ Carcass weight for red meats and cer tified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. October 2014 WASDE - 534 - 33 U.S. Egg Supply and Use Commodity 2012 2013 2014 Proj. 2014 Proj. 2015 Proj. 2015 Proj. Sep Oct Sep Oct Eggs Million Dozen Supply Beginning Stocks 27.7 20.8 23.0 23.0 22.0 22.0 Production 7,876.5 8,046.2 8,143.0 8 ,233.0 8,300.0 8,380.0 Imports 18.5 16.9 28.8 32.8 32.0 40.0 Total Supply 7,922.7 8,083.9 8,194.8 8 ,288.8 8,354.0 8,442.0 Use Exports 301.7 371.9 348.4 358.4 320.0 340.0 Hatching Use 940.8 959.9 973.7 973.7 1,000.0 1,000.0 Ending Stocks 20.8 23.0 22.0 22.0 23.0 23.0 Disappearance Total 6,659.4 6,729.1 6,850.7 6 ,934.7 7,011.0 7,079.0 Per Capita (number) 254.3 255.1 257.9 261.1 262.1 264.6 Total U.S. Milk Supply and Use Commodity 2012 2013 2014 Proj. 2014 Proj. 2015 Proj. 2015 Proj. Sep Oct Sep Oct Milk Billion Pounds Production 200.6 201.2 206.3 206.1 212.5 212.8 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 10.9 12.2 11.2 11.2 10.5 10.7 Marketings 199.7 200.2 205.3 205.1 211.5 211.8 Imports 4.1 3.7 4.1 4.3 3.8 3.8 Total Cml. Supply 214.7 216.2 220.6 220.6 225.8 226.3 Fat Basis Use Commercial Exports 8.8 12.4 12.6 12.6 11.5 11.5 Ending Commercial Stocks 12.2 11.2 10.5 10.7 12.0 12.0 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 193.7 192.6 197.5 197.3 202.4 202.9 Skim-solid Basis Supply Beg. Commercial Stocks 11.8 12.4 11.6 11.6 12.0 12.6 Marketings 199.7 200.2 205.3 205.1 211.5 211.8 Imports 5.7 5.3 5.3 5.6 5.2 5.2 Total Cml. Supply 217.2 217.9 222.2 222.3 228.7 229.6 Skim-solid Basis Use Commercial Exports 33.3 38.5 39.8 39.2 38.5 38.5 Ending Commercial Stocks 12.4 11.6 12.0 12.6 12.6 12.7 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 171.5 167.7 170.4 170.5 177.6 178.4 Total Note: Totals may not add due to rounding. October 2014 WASDE - 534 - 34 U.S. Dairy Prices Commodity 2012 2013 2014 Proj. 2014 Proj. 2015 Proj. 2015 Proj. Sep Oct Sep Oct Product Prices 1/ Dollars Pe r Pound Cheese 1.7076 1.7683 2.135- 2.1552.160- 2.1701.690- 1.7901.695- 1.785 Butter 1.5943 1.5451 2.170- 2.2102.220- 2.2501.675- 1.8051.680- 1.800 Nonfat Dry Milk 1.3279 1.7066 1.775- 1.7951.760- 1.7801.565- 1.6351.450- 1.520 Dry Whey 0.5935 0.5902 0.640- 0.6600.650- 0.6600.560- 0.5900.560- 0.590 Filler Dollars Pe r Cwt Milk Prices 2/ Class III 17.44 17.99 22.15- 22.3522.40- 22.5017.20- 18.2017.25- 18.15 Class IV 16.01 19.05 22.30- 22.6022.40- 22.6018.45- 19.5517.45- 18.45 All Milk 3/ 18.52 20.05 23.80- 24.0024.10- 24.2019.40- 20.4018.95- 19.85 1/ Simple average of monthly prices calculated by AMS from w eekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deduc tions from producers as authorized by legislation. October 2014 WASDE - 534 - 35 Note: Tables on pages 35-37 present a record of the October pr ojection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that ch ances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 1.8 percent. Chances are 9 out of 10 (90% confidence level) that the differe nce will not exceed 3.0 percent. The average difference between the October projection and the final estimate is 7.8 million tons , ranging from 1.2 million to 26.7 million t ons. The October projection has been belo w the estimate 23 times and above 9 times. Reliability of October Projections 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final WHEAT Percent Million Metric Tons Production Worl d 1.8 3.0 7.8 1.2 26.7 23 9 U.S. 0.5 0.8 0.2 0.0 1.2 12 15 Forei gn 2.0 3.4 7.8 1.4 26.8 23 9 Exports Worl d 5.8 9.8 5.7 0.0 19.3 24 7 U.S. 8.3 14.1 2.3 0.3 10.0 15 17 Forei gn 6.9 11.6 5.1 0.5 17.3 26 6 Domestic Use Worl d 1.6 2.6 6.6 0.5 22.7 19 13 U.S. 6.0 10.2 1.6 0.1 3.6 10 22 Forei gn 1.6 2.7 6.6 0.2 20.3 20 12 Ending Stocks Worl d 8.3 14.1 9.5 0.6 32.5 24 8 U.S. 11.7 19.8 2.1 0.0 6.8 17 15 Forei gn 8.9 15.0 8.2 0.0 29.3 24 8 COARSE GRAINS 2/ Production Worl d 1.8 3.1 13.5 0.8 33.7 26 6 U.S. 2.8 4.8 4.5 0.1 17.9 19 13 Forei gn 2.2 3.8 12.1 0.6 29.5 27 5 Exports Worl d 7.0 11.9 6.5 0.1 28.9 22 10 U.S. 16.0 27.1 6.9 1.2 19.3 14 18 Forei gn 13.1 22.2 6.3 0.6 15.9 21 11 Domestic Use Worl d 1.5 2.5 10.7 0.2 24.9 20 12 U.S. 3.8 6.5 6.0 0.0 17.0 17 15 Forei gn 1.5 2.6 8.6 0.0 20.9 21 11 Ending Stocks Worl d 12.1 20.5 14.8 0.2 41.2 25 7 U.S. 23.1 39.2 9.0 0.5 29.1 17 15 Forei gn 15.4 26.1 12.5 0.7 44.4 27 5 RICE, milled Production Worl d 2.4 4.1 6.5 0.0 20.9 25 6 U.S. 3.3 5.7 0.2 0.0 0.5 18 14 Forei gn 2.4 4.2 6.5 0.1 21.0 25 7 Exports Worl d 9.6 16.3 1.5 0.1 6.3 24 8 U.S. 10.2 17.3 0.2 0.0 0.8 17 13 Forei gn 11.0 18.7 1.5 0.0 6.3 24 8 Domestic Use Worl d 1.9 3.2 4.2 0.3 20.3 25 7 U.S. 7.5 12.8 0.2 0.0 0.6 16 15 Forei gn 1.9 3.3 4.2 0.1 20.7 25 7 Ending Stocks Worl d 11.4 19.4 4.9 0.2 16.3 26 6 U.S. 24.3 41.3 0.2 0.0 0.8 16 15 Forei gn 12.1 20.4 5.0 0.6 15.9 26 6 1/ Footnotes at end of table. CONTINUED October 2014 WASDE - 534 - 36 Reliability of October Projections (Continued) Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final SOYBEANS Percent Million Metric Tons Production World 4.6 7.7 6.1 0.1 28.7 17 15 U.S. 3.0 5.1 1.5 0.0 3.8 13 19 Foreign 7.5 12.7 6.1 0.0 28.1 16 16 Exports World 7.8 13.3 3.2 0.3 13.0 19 13 U.S. 11.5 19.6 2.4 0.1 7.5 20 12 Foreign 19.2 32.5 2.7 0.1 11.4 14 18 Domestic Use World 3.2 5.4 4.0 0.0 13.8 19 13 U.S. 3.7 6.3 1.3 0.0 3.8 21 11 Foreign 4.0 6.7 3.7 0.1 11.0 20 12 Ending Stocks World 18.1 30.7 4.3 0.3 15.0 19 13 U.S. 36.6 62.1 2.0 0.0 5.1 6 26 Foreign 20.2 34.2 4.1 0.3 12.0 19 13 COTTON Million 480-Pound Bales Production World 4.3 7.3 2.7 0.0 10.6 18 13 U.S. 4.6 7.8 0.6 0.0 1.7 20 12 Foreign 5.0 8.6 2.5 0.0 10.4 17 14 Exports World 8.0 13.6 2.0 0.1 8.5 18 14 U.S. 18.4 31.3 1.0 0.1 3.1 19 13 Foreign 11.1 18.8 1.6 0.1 8.3 16 16 Domestic Use World 3.9 6.7 2.9 0.1 11.7 15 17 U.S. 7.8 13.2 0.4 0.0 1.2 18 13 Foreign 4.0 6.8 2.9 0.0 10.9 15 17 Ending Stocks World 14.0 23.8 4.7 0.0 15.1 19 12 U.S. 32.3 54.8 1.2 0.0 4.3 9 22 Foreign 15.1 25.6 4.3 0.2 15.6 23 9 1/ Marketing years 1981/82 through 2012/13 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the mark eting year. Monthly supply and use data for 2013/14 is unavailable because the WASDE report was not published last y ear due to a federal government shutdown. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. October 2014 WASDE - 534 - 37 Reliability of United Stat es October Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final CORN Percent Million Bushels Production 3.0 5.0 176 5 618 18 14 Exports 16.6 28.2 248 12 700 13 19 Domestic Use 4.2 7.1 236 14 558 20 12 Ending Stocks 26.1 44.2 332 18 1,187 17 15 SORGHUM Production 4 . 9 8 . 41 9 17 11 81 4 Exports 21.9 37.2 35 1 115 19 13 Domestic Use 11.0 18.6 34 0 114 15 16 Ending Stocks 45.1 76.6 31 0 142 11 20 BARLEY Production 1.5 2.6 4 0 24 9 14 Exports 50.0 84.9 13 0 38 14 15 Domestic Use 6.9 11.8 18 0 70 12 19 Ending Stocks 13.6 23.2 14 1 56 20 12 OATS Production 2.7 4.6 2 0 18 6 11 Exports 98.1 166. 51088 1 2 Domestic Use 4 . 6 7 . 81 1 03 91 31 8 Ending Stocks 23.2 39.3 16 1 47 22 10 SOYBEAN MEAL Thousand Short Tons Production 3.6 6.0 1,020 123 2,696 22 10 Exports 12.2 20.7 745 0 2,100 17 14 Domestic Use 3.5 6.0 753 45 2,650 17 15 Ending Stocks 34.7 58.9 52 0 198 12 15 SOYBEAN OIL Million Pounds Production 3.9 6.6 498 1 1,473 23 9 Exports 31.7 53.7 390 25 1,525 18 14 Domestic Use 4.0 6.7 416 20 1,928 21 11 Ending Stocks 27.6 46.8 419 50 1,327 15 17 ANIMAL PROD. 3/ Million Pounds Beef 4.1 7.0 842 171 2,461 22 9 Pork 3.4 5.8 434 2 1,592 18 13 Broilers 2.0 3.3 453 49 1,337 19 12 Turkeys 3.7 6.3 136 2 444 18 13 Million Dozen Eggs 1.5 2.5 82 4 188 20 11 Billion Pounds Milk 1.6 2.7 1.9 0.2 6.8 18 13 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2012/13 for grains, soybeans, and cotton. Final for grai ns, soybeans, and cotton is defined as the first November estimate following the marketing year. Monthly supply and use data for 2013/14 is unavailable because the WASDE report was not published last year due to a federal govern ment shutdown. Calendar years 1983 through 2012 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1983-2012. Monthly supply and use data for 2013 is unava ilable because the October 2013 WASDE report was not published due to a federal government shutdown. WASDE-534-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at http://www.fas.usda.gov/psd/online . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric-Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 USDA 2015 Agricultural Outlook Forum Smart Agriculture in the 21st Century Crystal Gateway Marriott Hotel Arlington, VA Feb. 19-20, 2015 SAVE the Date! The USDA Outlook Forum, first held in 1923, brings together renowned speakers including farmers, ranchers, economists, academics, statisticians, consultants, industry leaders, and government policymakers. The Secretary of Agriculture will present the keynote address, followed by a distinguished guest speaker. The economic outlook for the coming year will be presented by the USDA Chief Economist. In addition, a plenary panel of industry leaders will discuss an important topic relevant to agriculture.  February 19 includes a morning plenary, a networki ng luncheon, five concurrent afternoon sessions, and a dinner speaker.  February 20 includes a day of 5 concurrent sessions and luncheon speakers. Session Topics are expected to include:  Perspectives on Global & U.S. Trade  Tomorrow’s Opportunities  Big Data  Commodity Situation and Outlook  Food Price & Farm Income Outlook  Conservation & Regulation  Water Issues  Weather, Drought & Big Data  Climate Change  Moving Feed, Food & Fuel to Market  100-Year Anniversary of USDA Market News  Nutrition & New Opportunities for Producers  Regional Approaches to Rural Growth  Bio-Economy  Antimicrobial Resistance  Agriculture & Bees  Local Foods  Food Waste Register in November at: www.usda.gov/oce/forum UNITED STATES DEPARTMENT OF AGRICULTURE WORLD AGRICULTURAL OUTLOOK BOARD WASHINGTON, D.C. 20250-3812 ___________________ OFFICIAL BUSINESS Penalty for Private Use, $300 FIRST-CLASS MAIL POSTAGE & FEES PAID USDA PERMIT NO. G-289 World Agricultural Supply and Demand Estimates WASDE-534 – October 10, 2014 Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . 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January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 570 Approved by the World Agricultural Outlook Board October 12, 2017 WHEAT: Projected 2017/18 U.S. wheat supplies are decreased modestly this month as reduced beginning stocks are partially offset by slightly higher wheat production. Beginning stocks were revised downward in the latest NASS Grain Stocks report while wheat product ion increased in the NASS Small Grains Annual Summary to 1,741 million bushels. Although all wheat production increased minimally from last month, the by -class changes are relatively more significant as larger Durum and Hard Red Spring production more tha n offset declines in Hard Red Winter and Soft Red Winter. Projected 2017/18 feed and residual is reduced 30 million bushels this month to 120 million as the NASS Grain Stocks report indicated lower -than- expected June -August disappearance. Additionally, projected 2017/18 U.S. corn supplies are the second highest on record, which is expected to dampen wheat feed and residual use for the rest of 2017/18. The other wheat use categories are unchanged this month and projected 2017/18 ending stocks are higher a t 960 million bushels but still well below last year’s 1,181 million. The projected 2017/18 season -average farm price is unchanged this month at the midpoint of $4.60 per bushel but the range is narrowed 10 cents on each end to $4.40 to $4.80. Global 2 017/18 wheat supplies are increased, primarily on higher production forecasts for Russia, EU, and India more than offsetting a decline in Australia. Based mainly on harvest results to date, Russia’s 2017/18 wheat production is increased 1.0 million tons t o a new record of 82.0 million tons. This is well above last year’s previous record of 72.5 million tons. EU wheat production is raised 2.2 million tons to 151.0 million , largely on higher production in France. Australia’s wheat production is reduced 1. 0 million tons to 21.5 million on persis tent dry conditions in most of eastern Australia. This would be Australia’s lowest wheat output since the 2008/09 crop year. Foreign 2017/18 trade is fractionally higher this month as reduced exports by Australia are offset by increased exports from Canada. Projected imports are lowered for India and Turkey as increased 2017/18 production for both countries is expected to reduce import needs. Total world consumption is projected higher, primarily on greater usage by India, EU, and Russia on their increased supplies. Projected global ending stocks are nearly 5.0 million tons higher this month at 268.1 million, which is a new record. COARSE GRAINS: This month’s 2017/18 U.S. corn outlook is for larger production, increased feed and residual use, and nearly unchanged ending stocks. Corn production is forecast at 14.280 billion bushels, up 96 million from last month. Corn supplies are higher, as a larger crop more than offsets a reduction in beginning s tocks based on the Grain Stocks report. Projected feed and residual use is increased 25 million bushels. With supply and use changes essentially offsetting, corn ending stocks are up 5 million bushels from last month. The projected range for the season- average corn price received by producers is unchanged at $2.80 to $3.60 per bushel. WASDE- 570-2 Grain sorghum production is forecast down from last month, as a 2.4- bushel per acre increase in yield to 72.2 bushels per acre is more than offset by a reduction in harvested area. Barley and oat production estimates are updated based on the Small Grains report. Global coarse grain production for 2017/18 is forecast up 2.8 million tons to 1,319.4 million. The 2017/18 foreign coarse grain outlook is for greater production , consumption , and reduced stocks relative to last month. Foreign corn production is forecast higher , with the largest reductions for Russia, Ukraine, Ethiopia, and Tanzania more than offset by increases for a number of countries including Nigeria, Turkey, and Mozambique. The projected corn yields for Russia and Ukraine are reduced based on reported harvest results to date. Historical revisions are made to Nigeria’s corn, sorghum , and millet production estimates to better reflect statistics published by the government. Corn exports are raised for Mexico and Argentina, with largely offsetting reductions for Russia and Ukraine. Argentina’s 2016/17 exports are lowered for the local marketing year beginning March 2017 reflecting a slower -than-expected pac e of exports to date. Projected 2017/18 food, seed and industrial use for corn in China is raised based on recent trade data indicating a higher -than-expected level of corn product exports. Foreign corn ending stocks for 2017/18 are down from last month, mostly reflecting declines for China and Mexico that are only partially offset by increases for Argentina and Turkey. Global corn stocks, at 201.0 million, are down 1.5 million from last month. RICE : The 2017/18 U.S. rice crop is reduced 1.1 million cwt to 178.6 million on lower yields and slightly lower harvested area. This is the smallest all rice crop since 1996/97. The average yield forecast is lowered 35 pounds per acre to 7,469. Decreases in C alifornia, Missouri, and Texas are partially offset by an increase in Arkansas. The long -grain crop is reduced 0.8 million cwt to 126.3 million. This is the smallest long grain crop since 2011/12. Medium - and short -grain production is lowered 0.3 million cwt to 52.3 million. No other supply and dem and changes are made this month. All rice ending stocks are lowered 1.1 million cwt to 27.8 million, which would be the lowest all rice ending stocks in fourteen years. The all rice season -average farm price is unchanged at a range of $12.70 to $13.70 per cwt. Global rice supplies for 2017/18 are raised 18.3 million tons mainly on a multi -year revision to China’s stocks estimates beginning in 2010/11. The large multi -year changes in China stocks reflect si gnificant government procurement since 2013 as well as reductions in estimated per capita rice consumption. For more information see page 11 of the October Grain World Markets and Trade Report ( https://www.fas.usda.gov/data/grain -world -markets - and-trade ). Global rice production is increased 0.4 million tons to 483.8 million with increases for Nigeria and Egypt partially offset by a reduction for Bangladesh. For 2017/18, global tr ade and total consumption are change d fractionally as a 1.3 -million -ton increase in Nigeria’s consumption is partially offset by a 0.7 -million -ton reduction for China. Global 2017/18 ending stocks are raised 18.0 million tons to 141.5 million, the highest since 2000/01. China is estimated to hold 65 percent of global rice stocks. OILSEEDS : U.S. oilseed production for 2017/18 is projected at 132.3 million tons, down 0.5 million from last month mainly on lower sunflowerseed, canola, and cottonseed production. Soybean production is forecast at 4,431 million bushels, nearly unchanged from last month with higher harvested area offsetting lower yields. Harvested area is projected at a record WASDE- 570-3 89.5 million acres, up 0.8 million. The soybean yield is forecast at 49.5 bushels per acre, down 0.4 bushels. With lower beginning stocks, soybean supplies for 2017/18 are projected down 44 million bushels. With use projections unchanged, ending stocks are projected at 430 million bushel s. If realized, ending stocks relative to use would be the highest since 2006/07. The 2017/18 U.S. season -average soybean price is forecast at $8.35 to $10.05 per bushel , unchanged from last month. Soybean meal and soybean oil price projections are also unchanged at $290 to $330 per short ton and 32.5 to 36.5 cents per pound, respectively. Global oilseed production for 2017/18 is projected at 577.0 million tons, down 1.6 million as reductions for soybeans, rapeseed, and sunflowerseed are partly offset by increases for cottonseed and peanuts. Global soybean production is projected down 0.6 million tons to 347.9 million on lower forecasts for Russia and Ukraine. Higher production for China and Mexico is partly offsetting. Sunflowerseed production is als o lower for Russia and Ukraine on lower yields. Rapeseed production is lowered for Australia where yields are impacted by below -normal rainfall. Global oilseed exports for 2017/18 are down 0.4 million tons to 173.9 million on lower soybean and sunflower seed exports. Soybean exports are lowered for Ukraine while sunflowerseed exports are lowered for Ukraine and Russia. Lower rapeseed exports for Australia are offset by higher exports for Ukraine. Global oilseed ending stocks for 2017/18 are projected d own 1.6 million tons from last month to 107.9 million mainly reflecting back - year adjustments that reduced soybean carryin for Brazil and the United States. SUGAR : Florida cane sugar production for 2017/18 is reduced by 90,038 short tons, raw value (STR V) to 2.036 million, consistent with lower sugarcane production and lower sucrose recovery projected by processors. Louisiana cane sugar production for 2017/18 is increased by 64,000 STRV to 1.690 million based on increased area harvested and yield forecast by NASS in the Crop Production report . U.S. beet sugar production for the 2017/18 August -July crop year is forecast at 5.110 million STRV, down 21,000 from last month based on NASS forecasts in the Crop Production report . Fiscal year 2017/18 beet sugar is decreased by 39,943 STRV to 4.977 million STRV based reductions in crop year production and an increase in early -season beet sugar production estimated for August and September 2017. Beet sugar production for 2016/17 is increased to 5.022 million STR V based on the higher early -season production. Sugar imported under the raw sugar tariff -rate quota (TRQ) for 2016/17 is reduced by 99,166 STRV. Due to the USDA’s extension of entry of 2016/17 raw sugar TRQ imports to the end of October, 57,670 STRV of t he 2016/17 TRQ imports are projected to enter in October 2017, increasing 2017/18 imports. Free Trade Agreement calendar year TRQ sugar of 16,342 STRV previously expected to enter before September 30 for 2016/17 is now expected to enter before December 31 for 2017/18, shifting projected 2016/17 imports into 2017/18. Re- export imports for 2016/17 reported by U.S. Customs and Border Protection are reported at 413,131 STRV, up 28,313 from last month. Total imports from Mexico for 2016/17 are estimated at 1. 206 million STRV, down 10,000 from last month. Imports from Mexico for 2017/18 are projected at 1.789 million STRV, up 17,938 from last month but below the Target Quantity of U.S. Needs of 1.812 million calculated by the Commerce Department based on the September WASDE. WASDE- 570-4 Mexico 2016/17 ending stocks are estimated up 15,352 metric tons (MT) as higher imports of 10,000 for consumption and 15,178 for IMMEX are partially offset by higher exports of 9,826. Although 2016/17 sugar exports to the United Sta tes are down 8,578 MT from last month, exports to third countries and for the U.S. re -export import program are now estimated at 18,404 MT higher than last month. The resulting increase in 2017/18 sugar supply is available for export to the U.S. market, w hile allowing Mexico to maintain an ending stocks - to-consumption bound of 18.0 percent for anticipated use in 2018/19 before the start of the harvest. LIVESTOCK, POULTRY, AND DAIRY : The forecast for 2017 total red meat and poultry production is raised f rom last month as higher broiler and turkey production more than offset fractionally lower beef and pork production. Beef production is reduced from the previous month largely due to lower expected fourth -quarter carcass weights. The pork production forecast is lowered on smaller -than- expected third -quarter commercial hog slaughter which more than offset higher expected second -half carcass weights. The broiler production forecast is raised on expectations of increased slaughter later in the year based on hatchery data. The turkey forecast is increased as higher third -quarter slaughter more than offsets expected declines in fourth -quarter slaughter. The 2017 egg production forecast is raised from last month on higher hatching egg production. For 2018, the total red meat and poultry forecast is raised from the previous month as higher expected beef and pork production more than offset declines in turkey production. Beef production is little changed from last month although first half production is lower ed as pasture conditions are expected to slow the pace of placements in the lat ter part of 2017. However, heavier carcass weights are expected to offset a portion of the decline. Pork production is raised from last month on higher slaughter. In the Quar terly Hogs and Pigs report, released September 28, producers indicated they farrowed about 2 percent more sows in June -August and intend to farrow approximately 1 percent more sows over each of the next two quarters. With larger pig crops in the second half of 2017 and into 2018, pork production is forecast higher. The 2018 broiler and egg production forecasts are unchanged from the previous month. Turkey production forecasts for 2018 are lowered on slow recovery in demand which is expected to dampen the pace of expansion. Beef import forecasts are raised in 2017 and 2018 on increased shipments of processing beef from Oceania. The 2017 and 2018 beef export forecasts are raised on strong demand in a number of key trading partners. Pork imports for 2017 and 2018 are raised from last month. The 2017 pork export forecast is lowered from the previous month on recent trade data, but no change is made to the 2018 export forecast. Annual broiler, turkey, and egg export forecasts are unchanged. Cattle price forecasts are unchanged for 2017 and 2018. Hog price forecasts are lowered for the last quarter of 2017 and into 2018 on larger supplies and pressure from abundant supplies of red meat and poultry. The annual broiler price is forecast slightly lower for 2017 but is unchanged for 2018. Turkey price forecasts are lowered in 2017 and 2018 on slow recovery in demand. Egg pri ce forecasts are raised on near -term demand strength which is expected to carry over into next year. WASDE- 570-5 The milk production forecast for 2017 and 2018 is raised on a slightly more rapid pace of growth in milk per cow. However, forecast cow numbers for late 2017 and 2018 are slightly lower. Fat basis imports for 2017 and 2018 are raised on strength in butter imports but skim - solids import s are lowered for 2017 and unchanged for 2018. Exports on a fat basis are raised for 2017 on stronger butter and cheese exports , and increased sales of butter and anhydrous milkfat are expected to support higher fat basis exports in 2018. Skim -solids exports for 2017 and 2018 are raised, primarily on stronger expected shipments of whey products . For 2017, butter and nonfat dry milk (NDM) prices are lowered on large supplies, but the whey price is unchanged at the midpoint and the cheese price forecast is raised on current demand strength. For 2018, continued demand strength for cheese is reflected in a higher price forecast , while butter, NDM , and whey prices are lowered on larger supplies and pressure from international prices. The Class III price is raised for 2017 on stronger cheese prices, but for 2018, lower whey prices are expected to more than offset the increases in cheese prices, and the price forecast is lowered. The Class IV price is lowered for both years due to lower forecast butter and NDM prices. The 2017 all milk price forecast range is $17.75 to $17.85 per cwt, unchanged at the midpoint, but the 2018 price is lowered to $17.45 to $18.35 per cwt. COTTON : The 2017/18 U.S. cotton supply and demand estimates show lower production, exports, and ending stocks relative to last month. Production is reduced 643,000 bales, largely in Te xas and Georgia. Domestic mill use is unchanged from last month, but the export forecast is reduced 400,000 bales to 14.5 million, due to reduced U.S. production and strong competitor shipments. Ending stocks are forecast 200,000 bales below the previous month’s forecast. The resulting stocks -to-use ratio of 32.5 percent is virtually unchanged from the previous month’s forecast, and the highest since 2008/09. The forecast range for the marketing year average farm price is 55.0 to 65.0 cents per pound; the midpoint of 60.0 cents is unchanged from the previous month’s projection. The global cotton supply and demand forecasts for 2017/18 include relatively small increases from the previous month for production, consumption, and trade. Production is raised about 100,000 bales as larger expected crops in Argentina, Brazil, and Greece more than offset the reduction in the forecast for the United States. Vietnam is the primary driver behind a 250,000 -bale increase in projected world consumption, while a 440,000 -bale increase in projected 2017/18 world cotton trade reflects increases in India, Australia, and Brazil that more than offse t lower expected U.S. exports. Approved by the Secretary of Agriculture and t he Chairman of the World Agricultural Outlook Board, Seth D. Meyer , (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY : ROBERT JOHANSSON SECRETARY OF AGRICULTURE DESIGNATE WASDE- 570-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers , ICEC Chair, WAOB, E -mail: wchambers @oce.usda.gov Jennifer Bond, ERS; Andrew Sowell, FAS; Pete Riley, FSA . Rice: William Chambers , ICEC Chair, WAOB, E-mail: wchambers @oce.usda.gov Nathan Childs, ERS; Rachel Trego, FAS; Sherrie Grimm, FSA. Feed Grains: Michael Jewison , ICEC Chair, WAOB, E-mail: [email protected] Tom Capehart, ERS; Yoonhee Macke , FAS; Thomas Gajnak , FSA . Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail: [email protected] Mark Ash, ERS; Bill George, FAS; Susan Proper, FSA . Cotton: Stephen MacDonald, ICEC Chair, WAOB, E -mail: [email protected] Leslie Meyer, ERS; James Johnson, FAS; Erik Dohlman , FSA . Sugar: Stephen Haley , ICEC Chair, WAOB, E -mail: shaley @oce.usda.gov Michael McConnell, ERS; Ro n Lord, FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Lindsay Kuberka, FAS; Ryan Pfirmann- Powell, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail: ssha [email protected] Larry Haller, AMS; Sean Ramos, ERS; Tyler Cozzens, FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E -mail: [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Milton Madison, FSA. In 2017, the WA SDE report will be released Nov. 9 and Dec. 12 . WASDE- 570-7 T A B L E OF C O N T E N T S Page Highlights ................................ ................................ ................................ ............. 1 Interagency Commodity Estimates Committees ................................ .................... 6 World & U.S. Supply & Use for Grains ................................ ................................ .. 8 World & U.S. Supply & Use for Cotton ................................ ................................ .. 9 World & U.S. Supply & Use for Oilseeds ................................ ............................ 10 U.S. Wheat Supply & Use ................................ ................................ .................. 11 U.S. Wheat Supply & Use by Class ................................ ................................ .... 11 U.S. Feed Grain & Corn Supply & Use ................................ ............................... 12 U.S. Sorghum, Barley & Oats Supply & Use ................................ ....................... 13 U.S. Rice Supply & Use ................................ ................................ ..................... 14 U.S. Soybeans & Products Supply & Use ................................ ........................... 15 U.S. Sugar Sup ply & Use ................................ ................................ ................... 16 Mexico Sugar Supply and Use ................................ ................................ ........... 16 U.S. Cotton Supply & Use ................................ ................................ .................. 17 World Wheat Supply & Use ................................ ................................ ................ 18 World Coarse Grains Supply & Use ................................ ................................ .... 20 World Corn Supply & Use ................................ ................................ .................. 22 World Rice Supply & Use ................................ ................................ ................... 24 World Cotton Supply & Use ................................ ................................ ................ 26 World Soybean Supply & Use ................................ ................................ ............ 28 World Soybean Meal Supply & Use ................................ ................................ .... 29 World Soybean Oil Supply & Use ................................ ................................ ....... 30 U.S. Quarterly Animal Product Production ................................ .......................... 31 U.S. Quarterly Prices for Animal Products ................................ .......................... 31 U.S. Meats Supply and Use ................................ ................................ ............... 32 U.S. Egg Supply & Use ................................ ................................ ...................... 33 U.S. Milk Supply and Use ................................ ................................ .................. 33 U.S. Dairy Prices ................................ ................................ ............................... 34 Reliability Tables ................................ ................................ ................................ 35 Related USDA Reports ................................ ................................ ...................... 38 Metric Conversion Factors ................................ ................................ ................. 38 Electronic Access and Subscriptions ...................................................................... 40 October 2017 WASDE - 570 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2015/16 2467.47 3059.77 376.49 2434.97 624.80 2016/17 (Est.) 2608.21 3233.01 429.82 2576.09 656.92 filler filler filler filler filler 2017/18 (Proj.) Sep 2544.73 3182.43 409.85 2565.52 616.91 2017/18 (Proj.) Oct 2554.34 3211.26 409.98 2572.35 638.91 filler filler filler filler filler Wheat 2015/16 735.26 953.02 172.84 711.82 241.20 2016/17 (Est.) 754.15 995.35 182.48 738.77 256.58 filler filler filler filler filler 2017/18 (Proj.) Sep 744.85 1000.68 180.03 737.54 263.14 2017/18 (Proj.) Oct 751.19 1007.76 180.04 739.63 268.13 filler filler filler filler filler Coarse Grains 5/ 2015/16 1259.64 1506.54 163.40 1254.98 251.56 2016/17 (Est.) 1366.94 1618.50 202.72 1356.36 262.14 filler filler filler filler filler 2017/18 (Proj.) Sep 1316.52 1578.07 185.60 1347.81 230.26 2017/18 (Proj.) Oct 1319.36 1581.49 185.75 1352.24 229.26 filler filler filler filler filler Rice, milled 2015/16 472.57 600.21 40.25 468.17 132.04 2016/17 (Est.) 487.13 619.17 44.62 480.96 138.21 filler filler filler filler filler 2017/18 (Proj.) Sep 483.36 603.69 44.22 480.17 123.52 2017/18 (Proj.) Oct 483.80 622.00 44.19 480.48 141.52 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2015/16 429.26 506.00 81.75 348.12 76.14 2016/17 (Est.) 472.56 556.09 96.92 363.36 95.81 filler filler filler filler filler 2017/18 (Proj.) Sep 426.90 532.53 82.37 361.76 88.40 2017/18 (Proj.) Oct 429.08 533.27 82.37 361.75 89.15 filler filler filler filler filler Wheat 2015/16 56.12 79.66 21.17 31.94 26.55 2016/17 (Est.) 62.83 92.60 28.72 31.75 32.13 filler filler filler filler filler 2017/18 (Proj.) Sep 47.33 83.65 26.54 31.73 25.38 2017/18 (Proj.) Oct 47.37 83.59 26.54 30.92 26.13 filler filler filler filler filler Coarse Grains 5/ 2015/16 367.01 417.89 57.18 312.60 48.11 2016/17 (Est.) 402.61 454.15 64.50 327.44 62.21 filler filler filler filler filler 2017/18 (Proj.) Sep 373.86 440.94 52.47 326.38 62.09 2017/18 (Proj.) Oct 376.04 441.78 52.47 327.18 62.13 filler filler filler filler filler Rice, milled 2015/16 6.13 8.45 3.40 3.58 1.48 2016/17 (Est.) 7.12 9.34 3.70 4.17 1.46 filler filler filler filler filler 2017/18 (Proj.) Sep 5.71 7.94 3.37 3.65 0.92 2017/18 (Proj.) Oct 5.67 7.90 3.37 3.65 0.88 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). October 2017 WASDE - 570 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2015/16 2,038.21 2,553.77 294.75 2,086.85 548.66 2016/17 (Est.) 2,135.65 2,676.92 332.89 2,212.73 561.11 filler filler filler filler filler 2017/18 (Proj.) Sep 2,117.82 2,649.90 327.48 2,203.76 528.52 2017/18 (Proj.) Oct 2,125.26 2,677.99 327.61 2,210.60 549.77 filler filler filler filler filler Wheat 2015/16 679.14 873.36 151.67 679.88 214.65 2016/17 (Est.) 691.32 902.75 153.76 707.02 224.44 filler filler filler filler filler 2017/18 (Proj.) Sep 697.52 917.03 153.50 705.81 237.76 2017/18 (Proj.) Oct 703.81 924.17 153.51 708.71 242.00 filler filler filler filler filler Coarse Grains 5/ 2015/16 892.63 1,088.65 106.22 942.38 203.45 2016/17 (Est.) 964.32 1,164.35 138.22 1,028.92 199.92 filler filler filler filler filler 2017/18 (Proj.) Sep 942.66 1,137.12 133.13 1,021.43 168.16 2017/18 (Proj.) Oct 943.31 1,139.71 133.28 1,025.06 167.13 filler filler filler filler filler Rice, milled 2015/16 466.44 591.76 36.86 464.59 130.57 2016/17 (Est.) 480.01 609.83 40.92 476.79 136.75 filler filler filler filler filler 2017/18 (Proj.) Sep 477.65 595.75 40.85 476.52 122.60 2017/18 (Proj.) Oct 478.13 614.10 40.82 476.83 140.64 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2015/16 96.17 207.92 35.23 111.25 96.68 2016/17 (Est.) 106.61 203.29 37.39 113.69 89.57 filler filler filler filler filler 2017/18 (Proj.) Sep 120.75 210.32 37.78 117.75 92.54 2017/18 (Proj.) Oct 120.86 210.43 38.22 118.01 92.38 filler filler filler filler filler United States 2015/16 12.89 16.57 9.15 3.45 3.80 2016/17 (Est.) 17.17 20.98 14.92 3.25 2.75 filler filler filler filler filler 2017/18 (Proj.) Sep 21.76 24.52 14.90 3.35 6.00 2017/18 (Proj.) Oct 21.12 23.88 14.50 3.35 5.80 filler filler filler filler filler Foreign 4/ 2015/16 83.29 191.35 26.08 107.80 92.88 2016/17 (Est.) 89.44 182.32 22.48 110.44 86.82 filler filler filler filler filler 2017/18 (Proj.) Sep 98.99 185.80 22.88 114.40 86.54 2017/18 (Proj.) Oct 99.75 186.56 23.72 114.66 86.58 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. October 2017 WASDE - 570 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2015/16 521.35 614.47 153.26 445.61 90.52 2016/17 (Est.) 573.07 663.59 170.88 469.29 107.31 filler filler filler filler filler 2017/18 (Proj.) Sep 578.60 686.72 174.29 488.43 109.46 2017/18 (Proj.) Oct 576.99 684.30 173.91 488.09 107.90 filler filler filler filler filler Oilmeals 2015/16 305.79 322.60 86.72 303.68 15.41 2016/17 (Est.) 321.11 336.52 88.76 317.10 16.14 filler filler filler filler filler 2017/18 (Proj.) Sep 334.60 351.06 91.46 331.69 16.09 2017/18 (Proj.) Oct 334.26 350.40 91.24 331.81 15.55 filler filler filler filler filler Vegetable Oils 2015/16 176.65 200.92 73.47 177.41 20.74 2016/17 (Est.) 185.99 206.74 78.82 181.88 19.19 filler filler filler filler filler 2017/18 (Proj.) Sep 195.09 213.71 79.21 189.34 20.38 2017/18 (Proj.) Oct 194.70 213.88 79.67 188.45 20.59 filler filler filler filler filler United States Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2015/16 115.88 123.76 53.96 55.05 6.87 2016/17 (Est.) 126.93 135.30 60.28 56.24 9.62 filler filler filler filler filler 2017/18 (Proj.) Sep 132.77 145.03 62.45 57.96 14.86 2017/18 (Proj.) Oct 132.27 143.43 62.43 57.73 13.52 filler filler filler filler filler Oilmeals 2015/16 42.78 47.15 11.18 35.69 0.28 2016/17 (Est.) 43.02 47.29 10.88 36.08 0.33 filler filler filler filler filler 2017/18 (Proj.) Sep 44.61 48.97 11.41 37.24 0.33 2017/18 ( Proj.) Oct 44.51 48.87 11.41 37.13 0.33 filler filler filler filler filler Vegetable Oils 2015/16 11.21 17.03 1.25 14.54 1.24 2016/17 (Est.) 11.42 17.38 1.42 14.75 1.21 filler filler filler filler filler 2017/18 (Proj.) Sep 11.75 17.91 1.22 15.46 1.24 2017/18 (Proj.) Oct 11.67 17.75 1.22 15.43 1.11 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2015/16 405.47 490.71 99.30 390.55 83.65 2016/17 (Est.) 446.13 528.28 110.60 413.05 97.69 filler filler filler filler filler 2017/18 (Proj.) Sep 445.82 541.69 111.83 430.47 94.60 2017/18 (Proj.) Oct 444.72 540.87 111.48 430.36 94.38 filler filler filler filler filler Oilmeals 2015/16 263.01 275.45 75.54 267.99 15.13 2016/17 (Est.) 278.10 289.23 77.88 281.02 15.81 filler filler filler filler filler 2017/18 (Proj.) Sep 290.00 302.09 80.06 294.45 15.76 2017/18 (Proj.) Oct 289.75 301.54 79.84 294.68 15.22 filler filler filler filler filler Vegetable Oils 2015/16 165.44 183.89 72.22 162.87 19.50 2016/17 (Est.) 174.58 189.36 77.40 167.13 17.98 filler filler filler filler filler 2017/18 (Proj.) Sep 183.34 195.79 78.00 173.88 19.14 2017/18 (Proj.) Oct 183.03 196.13 78.45 173.02 19.48 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. October 2017 WASDE - 570 - 11 U.S. Wheat Supply and Use 1/ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Sep Oct Million Acres Area Planted 55.0 50.1 45.7 46.0 Area Harvested 47.3 43.9 38.1 37.6 Bushels Yield per Harvested Acre 43.6 52.7 45.6 46.3 Million Bushels Beginning Stocks 752 976 1,184 1,181 Production 2,062 2,309 1,739 1,741 Imports 113 118 150 150 Supply, Total 2,927 3,402 3,074 3,071 Food 957 949 950 950 Seed 67 61 66 66 Feed and Residual 149 157 150 120 Domestic, Total 1,174 1,167 1,166 1,136 Exports 778 1,055 975 975 Use, Total 1,951 2,222 2,141 2,111 Ending Stocks 976 1,181 933 960 Avg. Farm Price ($/bu) 2/ 4.89 3.89 4.30 - 4.90 4.40 - 4.80 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2016/17 (Est.) Beginning Stocks 446 272 157 74 28 976 Production 1,082 491 345 286 104 2,309 Supply, Total 3/ 1,533 805 535 368 162 3,402 Domestic Use 488 249 228 99 101 1,167 Exports 455 321 92 163 24 1,055 Use, Total 943 570 320 263 126 2,222 Ending Stocks, Total 589 235 215 105 36 1,181 2017/18 (Proj.) Beginning Stocks 589 235 215 105 36 1,181 Production 750 385 292 258 55 1,741 Supply, Total 3/ 1,347 693 523 373 135 3,071 Domestic Use 470 266 212 100 88 1,136 Exports 390 265 90 210 20 975 Use, Total 860 531 302 310 108 2,111 Ending Stocks, Total Oct 487 162 221 63 27 960 Ending Stocks, Total Sep 463 146 229 70 24 933 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. October 2017 WASDE - 570 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Sep Oct Million Acres Area Planted 103.2 106.6 101.8 101.2 Area Harvested 93.0 96.5 91.6 90.9 Metric Tons Yield per Harvested Acre 3.94 4.17 4.08 4.13 Million Metric Tons Beginning Stocks 46.9 48.1 63.5 62.2 Production 366.7 402.3 373.6 375.8 Imports 3.7 3.3 3.3 3.3 Supply, Total 417.4 453.6 440.4 441.3 Feed and Residual 135.3 144.5 142.9 143.6 Food, Seed & Industrial 176.8 182.4 182.9 183.2 Domestic, Total 312.1 326.9 325.9 326.7 Exports 57.2 64.5 52.5 52.5 Use, Total 369.3 391.4 378.3 379.2 Ending Stocks 48.1 62.2 62.1 62.1 CORN 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. September October Million Acres Area Planted 88.0 94.0 90.9 90.4 Area Harvested 80.8 86.7 83.5 83.1 Bushels Yield per Harvested Acre 168.4 174.6 169.9 171.8 Million Bushels Beginning Stocks 1,731 1,737 2,350 2,295 Production 13,602 15,148 14,184 14,280 Imports 68 57 50 50 Supply, Total 15,401 16,942 16,585 16,625 Feed and Residual 5,114 5,464 5,475 5,500 Food, Seed & Industrial 2/ 6,648 6,890 6,925 6,935 Ethanol & by -products 3/ 5,224 5,438 5,475 5,475 Domestic, Total 11,763 12,354 12,400 12,435 Exports 1,901 2,293 1,850 1,850 Use, Total 13,664 14,647 14,250 14,285 Ending Stocks 1,737 2,295 2,335 2,340 Avg. Farm Price ($/bu) 4/ 3.61 3.36 2.80 - 3.60 2.80 - 3.60 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data -products/feed -grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by -products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing - year weighted averag e price received by farmers. October 2017 WASDE - 570 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Sep Oct Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 8.5 6.7 6.0 5.7 Area Harvested (mil. acres) 7.9 6.2 5.3 5.0 Yield (bushels/acre) 76.0 77.9 69.8 72.2 Beginning Stocks 18 37 29 34 Production 597 480 371 364 Imports 5 2 0 0 Supply, Total 620 519 399 398 Feed and Residual 107 129 60 60 Food, Seed & Industrial 137 115 100 100 Total Domestic 244 245 160 160 Exports 340 241 210 210 Use, Total 583 485 370 370 Ending Stocks 37 34 29 28 Avg. Farm Price ($/bu) 2/ 3.31 2.79 2.50 - 3.30 2.50 - 3.30 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. September October Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.6 3.1 2.4 2.5 Area Harvested (mil. acres) 3.2 2.6 1.9 2.0 Yield (bushels/acre) 69.1 77.9 72.1 72.6 Beginning Stocks 79 102 108 106 Production 218 200 140 142 Imports 19 10 15 15 Supply, Total 315 312 263 263 Feed and Residual 50 48 35 35 Food, Seed & Industrial 153 153 153 153 Total Domestic 202 201 188 188 Exports 11 4 5 5 Use, Total 213 205 193 193 Ending Stocks 102 106 70 70 Avg. Farm Price ($/bu) 2/ 5.52 4.96 4.20 - 5.20 4.10 - 5.10 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. September October Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.1 2.8 2.5 2.6 Area Harvested (mil. acres) 1.3 1.0 0.9 0.8 Yield (bushels/acre) 70.2 66.0 61.0 61.7 Beginning Stocks 54 57 52 50 Production 90 65 54 49 Imports 86 90 100 100 Supply, Total 229 212 206 200 Feed and Residual 94 82 90 90 Food, Seed & Industrial 77 76 80 78 Total Domestic 170 158 170 168 Exports 2 3 2 2 Use, Total 172 162 172 170 Ending Stocks 57 50 34 30 Avg. Farm Price ($/bu) 2/ 2.12 2.06 2.25 - 2.75 2.25 - 2.75 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. October 2017 WASDE - 570 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Sep Oct Million Acres Area Planted 2.63 3.15 2.49 2.49 Area Harvested 2.59 3.10 2.40 2.39 Fil ler Pounds Yield per Harvested Acre 7,472 7,237 7,504 7,469 Million Hundredweight Beginning Stocks 2/ 48.5 46.5 46.0 46.0 Production 193.1 224.1 179.7 178.6 Imports 24.1 23.5 24.2 24.2 Supply, Total 265.8 294.1 250.0 248.8 Domestic & Residual 3/ 112.4 131.4 115.0 115.0 Exports, Total 4/ 107.0 116.7 106.0 106.0 Rough 39.3 42.5 40.0 40.0 Milled (rough equiv.) 67.7 74.2 66.0 66.0 Use, Total 219.3 248.0 221.0 221.0 Ending Stocks 46.5 46.0 29.0 27.8 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 12.20 10.30 12.70 - 13.70 12.70 - 13.70 Total LONG -GRAIN RICE 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. September October Harvested Acres (mil.) 1.85 2.40 Yield (pounds/acre) 7,219 6,927 Beginning Stocks 26.5 22.7 31.0 31.0 Production 133.4 166.5 127.1 126.3 Supply, Total 7/ 180.7 209.4 179.1 178.3 Domestic & Residual 3/ 82.1 99.7 88.0 88.0 Exports 8/ 75.9 78.7 75.0 75.0 Use, Total 158.0 178.4 163.0 163.0 Ending Stocks 22.7 31.0 16.1 15.3 Avg. Farm Price ($/cwt) 6/ 11.20 9.62 12.00 - 13.00 12.00 - 13.00 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. September October Harvested Acres (mil.) 0.74 0.69 Yield (pounds/acre) 8,107 8,311 Beginning Stocks 20.2 20.9 11.5 11.5 Production 59.7 57.7 52.6 52.3 Supply, Total 7/ 82.2 81.1 67.3 67.0 Domestic & Residual 3/ 30.3 31.7 27.0 27.0 Exports 8/ 31.0 37.9 31.0 31.0 Use, Total 61.3 69.6 58.0 58.0 Ending Stocks 20.9 11.5 9.3 9.0 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 15.30 12.80 14.70 - 15.70 14.70 - 15.70 California 10/ 18.10 13.60 15.50 - 16.50 15.50 - 16.50 Other States 1/ 11.20 10.20 12.20 - 13.20 12.20 - 13.20 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2015/16 -2.9; 2016/17 -2.9; 2017/18 -2.9. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and endin g stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by far mers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.65 per cwt from 2008/09 -2013/14, with a high of $3.50 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. October 2017 WASDE - 570 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Sep Oct Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 82.7 83.4 89.5 90.2 Area Harvested 81.7 82.7 88.7 89.5 Fil ler Bushels Yield per Harvested Acre 48.0 52.0 49.9 49.5 Million Bushels Beginning Stocks 191 197 345 301 Production 3,926 4,296 4,431 4,431 Imports 24 22 25 25 Supply, Total 4,140 4,515 4,801 4,757 Crushings 1,886 1,899 1,940 1,940 Exports 1,942 2,174 2,250 2,250 Seed 97 105 101 101 Residual 18 36 35 35 Use, Total 3,944 4,214 4,326 4,326 Ending Stocks 197 301 475 430 Avg. Farm Price ($/bu) 2/ 8.95 9.47 8.35 - 10.05 8.35 - 10.05 Total SOYBEAN OIL 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. September October Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,855 1,687 1,827 1,632 Production 4/ 21,950 22,020 22,505 22,505 Imports 287 325 325 300 Supply, Total 24,092 24,032 24,657 24,437 Domestic Disappearance 20,162 19,850 20,800 20,800 Biodiesel 3/ 5,670 6,200 7,000 7,000 Food, Feed & other Industrial 14,492 13,650 13,800 13,800 Exports 2,243 2,550 2,100 2,100 Use, Total 22,405 22,400 22,900 22,900 Ending stocks 1,687 1,632 1,757 1,537 Avg. Price (c/lb) 2/ 29.86 32.48 32.50 - 36.50 32.50 - 36.50 Total SOYBEAN MEAL 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. September October Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 260 264 325 300 Production 4/ 44,672 44,636 46,075 46,100 Imports 403 350 300 300 Supply, Total 45,336 45,250 46,700 46,700 Domestic Disappearance 33,118 33,300 34,200 34,200 Exports 11,954 11,650 12,200 12,200 Use, Total 45,072 44,950 46,400 46,400 Ending Stocks 264 300 300 300 Avg. Price ($/s.t.) 2/ 324.56 316.88 290.00 - 330.00 290.00 - 330.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only bio diesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 1,900 milli on bushels for 2016/17 and 1,940 million bushels for 2017/18. October 2017 WASDE - 570 - 16 U.S. Sugar Supply and Use 1/ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Sep Oct Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,815 2,054 1,760 1,732 Production 2/ 8,989 8,892 8,929 8,863 Beet Sugar 5,119 5,022 5,017 4,977 Cane Sugar 3,870 3,870 3,912 3,886 Florida 2,173 2,055 2,126 2,036 Hawaii 152 43 0 0 Louisiana 1,428 1,632 1,626 1,690 Texas 116 140 160 160 Imports 3,341 3,241 3,688 3,830 TRQ 3/ 1,620 1,611 1,707 1,781 Other Program 4/ 396 413 200 250 Other 5/ 1,325 1,216 1,781 1,799 Mexico 1,309 1,206 1,771 1,789 Total Supply 14,145 14,187 14,377 14,425 Exports 74 100 25 50 Deliveries 12,051 12,355 12,678 12,678 Food 6/ 11,881 12,200 12,523 12,523 Other 7/ 170 155 155 155 Miscellaneous -33 0 0 0 Total Use 12,091 12,455 12,703 12,728 Ending Stocks 2,054 1,732 1,674 1,697 Stocks to Use Ratio 17.0 13.9 13.2 13.3 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2016/17 and 2017/18 are based on Crop Production and processor projections where appropriate. 3/ For 2017/18, WTO raw sugar TRQ shortfall (200). For 2016/17, WTO raw sugar TRQ shortfall is undefined because of 13th month rollover into 20 17/18. 4/ Includes sugar under the re -export and polyhydric alcohol programs. 5/ For 2015/16, other high- tier (16) and other (0). For 2016/17, other high- tier (10) and other (0). For 2017/18, other high- tier (10) and other (0). 6/For 2014/15, combines SM D deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar -containing products for reexport, and for nonedible alcohol, feed, and ethanol. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2016/17 Est. Sep 1,037 5,957 100 4,858 1,206 1,031 2016/17 Est. Oct 1,037 5,957 125 4,858 1,215 1,046 2017/18 Proj. Sep 1,031 6,100 75 4,864 1,526 816 2017/18 Proj. Oct 1,046 6,100 75 4,864 1,541 816 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): Oct -Sep 2015/16 = 1,482, estimated Oct -Sep 2016/17 = 1,484; projected 2017/18 = 1,484; Oct - Jul 2015/16 = 1,215; Oct - Jul 2016/17 = 1,273. Footnote source: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2015/16 (390 est), 2016/17 (390 est), 2017/18 (330 proj). Other Deliveries /Ending Year Statistical Adjustments: 2015/16 ( -10), 2016/17 (0), 2017/18 (0). October 2017 WASDE - 570 - 17 U.S. Cotton Supply and Use 1/ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Sep Oct Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 8.58 10.07 12.62 12.62 Harvested 8.07 9.51 11.51 11.41 Fil ler Pounds Yield per Harvested Acre 766 867 908 889 Million 480 Pound Bales Beginning Stocks 3.65 3.80 2.75 2.75 Production 12.89 17.17 21.76 21.12 Imports 0.03 0.01 0.01 0.01 Supply, Total 16.57 20.98 24.52 23.88 Domestic Use 3.45 3.25 3.35 3.35 Exports, Total 9.15 14.92 14.90 14.50 Use, Total 12.60 18.17 18.25 17.85 Unaccounted 2/ 0.17 0.06 0.27 0.23 Ending Stocks 3.80 2.75 6.00 5.80 Avg. Farm Price 3/ 61.2 68.0 54.00 - 66.00 55.00 - 65.00 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. October 2017 WASDE - 570 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 217.76 735.26 170.07 136.39 711.82 172.84 241.20 United States 20.48 56.12 3.07 4.07 31.94 21.17 26.55 Total Foreign 197.29 679.14 167.00 132.33 679.88 151.67 214.65 Major Exporters 4/ 29.27 221.65 7.58 65.63 150.77 82.52 25.20 Argentina 4.80 11.30 0.01 0.20 5.90 9.60 0.62 Australia 4.67 22.28 0.15 3.70 7.13 16.12 3.85 Canada 7.10 27.59 0.49 2.73 7.90 22.11 5.18 European Union 5/ 12.70 160.48 6.92 59.00 129.85 34.69 15.56 Major Importers 6/ 113.15 205.47 92.35 27.86 264.70 6.42 139.85 Brazil 0.87 5.54 6.75 0.50 11.10 1.06 1.00 China 76.11 130.19 3.48 10.50 112.00 0.73 97.04 Sel. Mideast 7/ 13.65 19.91 19.19 4.85 37.77 0.55 14.43 N. Africa 8/ 13.21 19.98 27.80 2.28 43.67 0.70 16.63 Pakistan 3.71 25.10 0.02 0.80 24.40 0.60 3.83 Southeast Asia 9/ 3.85 0.00 24.60 8.04 22.37 0.97 5.12 Selected Other India 17.22 86.53 0.47 4.20 88.55 1.13 14.54 FSU-12 20.66 117.96 7.40 26.74 77.78 51.48 16.77 Russia 6.29 61.04 0.82 14.00 37.00 25.54 5.61 Kazakhstan 3.28 13.75 0.07 2.10 6.90 7.60 2.60 Ukraine 5.68 27.27 0.03 5.10 12.20 17.43 3.35 2016/17 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 241.20 754.15 179.29 147.25 738.77 182.48 256.58 United States 26.55 62.83 3.22 4.26 31.75 28.72 32.13 Total Foreign 214.65 691.32 176.07 142.99 707.02 153.76 224.44 Major Exporters 4/ 25.20 229.07 5.90 66.22 152.25 83.51 24.40 Argentina 0.62 18.40 0.01 0.10 5.70 13.00 0.32 Australia 3.85 33.50 0.13 4.30 7.75 23.00 6.73 Canada 5.18 31.70 0.49 5.32 10.30 20.20 6.87 European Union 5/ 15.56 145.47 5.28 56.50 128.50 27.31 10.49 Major Importers 6/ 139.85 200.16 96.44 36.03 277.96 5.58 152.90 Brazil 1.00 6.73 7.35 0.80 12.00 0.70 2.38 China 97.04 128.85 4.41 16.50 118.50 0.75 111.05 Sel. Mideast 7/ 14.43 20.24 18.13 4.97 39.22 0.53 13.04 N. Africa 8/ 16.63 14.08 28.36 2.28 44.57 0.63 13.86 Pakistan 3.83 25.60 0.00 0.80 24.50 0.60 4.33 Southeast Asia 9/ 5.12 0.00 26.91 9.29 24.87 0.97 6.20 Selected Other India 14.54 87.00 5.90 4.70 97.12 0.52 9.80 FSU-12 16.77 130.74 7.41 28.05 79.13 53.85 21.93 Russia 5.61 72.53 0.50 17.00 40.00 27.81 10.83 Kazakhstan 2.60 14.99 0.08 2.10 6.90 6.80 3.96 Ukraine 3.35 26.80 0.04 3.60 10.30 18.11 1.78 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, K uwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2017 WASDE - 570 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Sep 255.83 744.85 179.35 140.61 737.54 180.03 263.14 Oct 256.58 751.19 178.93 141.49 739.63 180.04 268.13 United States Sep 32.23 47.33 4.08 4.08 31.73 26.54 25.38 Oct 32.13 47.37 4.08 3.27 30.92 26.54 26.13 Total Foreign Sep 223.60 697.52 175.27 136.53 705.81 153.50 237.76 Oct 224.44 703.81 174.85 138.23 708.71 153.51 242.00 Major Exporters 4/ Sep 24.18 215.37 7.11 62.10 148.35 79.00 19.31 Oct 24.40 217.04 7.11 63.10 149.35 79.00 20.20 Argentina Sep 0.32 17.50 0.01 0.10 5.90 11.50 0.43 Oct 0.32 17.50 0.01 0.10 5.90 11.50 0.43 Australia Sep 6.55 22.50 0.15 3.50 7.00 18.50 3.70 Oct 6.73 21.50 0.15 3.50 7.00 18.00 3.38 Canada Sep 6.87 26.50 0.45 3.00 8.20 20.50 5.12 Oct 6.87 27.00 0.45 3.00 8.20 21.00 5.12 European Union 5/ Sep 10.45 148.87 6.50 55.50 127.25 28.50 10.07 Oct 10.49 151.04 6.50 56.50 128.25 28.50 11.28 Major Importers 6/ Sep 152.61 203.15 93.23 30.28 276.69 6.52 165.78 Oct 152.90 203.30 93.73 30.28 276.54 6.52 166.87 Brazil Sep 2.23 5.20 7.20 0.50 11.70 1.00 1.93 Oct 2.38 5.10 7.30 0.50 11.70 1.00 2.08 China Sep 111.05 130.00 3.00 13.00 116.00 0.80 127.25 Oct 111.05 130.00 3.00 13.00 116.00 0.80 127.25 Sel. Mideast 7/ Sep 13.03 19.48 17.90 5.02 40.07 0.74 9.60 Oct 13.04 19.48 18.20 5.02 40.22 0.74 9.76 N. Africa 8/ Sep 13.66 17.80 28.25 2.18 45.38 0.69 13.65 Oct 13.86 18.15 28.35 2.18 45.08 0.69 14.60 Pakistan Sep 4.33 26.20 0.03 0.90 25.40 0.60 4.56 Oct 4.33 26.20 0.03 0.90 25.40 0.60 4.56 Southeast Asia 9/ Sep 6.26 0.00 25.85 7.69 24.14 1.03 6.94 Oct 6.20 0.00 25.85 7.69 24.14 1.03 6.88 Selected Other India Sep 9.42 96.00 4.00 5.00 99.00 0.50 9.92 Oct 9.80 98.38 3.50 5.00 100.00 0.50 11.18 FSU-12 Sep 21.94 137.27 7.96 31.10 82.19 57.49 27.49 Oct 21.93 138.27 7.96 31.60 82.69 57.49 27.99 Russia Sep 10.84 81.00 0.50 20.00 43.00 32.50 16.84 Oct 10.83 82.00 0.50 20.50 43.50 32.50 17.33 Kazakhstan Sep 3.96 14.00 0.05 2.10 6.90 7.50 3.61 Oct 3.96 14.00 0.05 2.10 6.90 7.50 3.61 Ukraine Sep 1.78 26.50 0.03 3.50 10.00 16.50 1.81 Oct 1.78 26.50 0.03 3.50 10.00 16.50 1.81 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, K uwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2017 WASDE - 570 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 246.90 1,259.64 181.28 767.56 1,254.98 163.40 251.56 United States 46.95 367.01 3.93 135.49 312.60 57.18 48.11 Total Foreign 199.95 892.63 177.35 632.07 942.38 106.22 203.45 Major Exporters 4/ 20.12 153.91 7.92 83.69 112.99 51.62 17.33 Argentina 4.27 37.94 0.01 9.26 14.22 25.22 2.78 Australia 1.53 12.54 0.00 3.96 5.64 6.94 1.50 Brazil 8.24 69.13 3.97 50.89 60.24 14.03 7.07 Canada 3.33 25.62 1.55 13.79 21.24 4.60 4.67 Major Importers 5/ 49.08 246.15 124.07 271.86 353.65 15.71 49.94 European Union 6/ 18.89 152.69 14.24 117.08 157.25 13.11 15.45 Japan 1.77 0.18 17.07 13.29 17.26 0.00 1.76 Mexico 4.83 32.38 14.95 26.72 44.72 1.56 5.89 N. Afr & Mideast 7/ 14.43 32.77 32.82 55.97 64.33 0.11 15.59 Saudi Arabia 3.36 0.36 14.79 13.60 14.11 0.00 4.41 Southeast Asia 8/ 3.67 27.51 15.22 33.16 41.22 0.93 4.25 South Korea 1.89 0.19 10.19 7.83 10.32 0.00 1.95 Selected Other China 101.92 231.40 17.50 166.44 238.74 0.03 112.05 FSU-12 7.91 82.55 0.54 38.26 53.44 31.32 6.24 Russia 2.83 37.43 0.11 20.32 29.72 9.00 1.66 Ukraine 3.29 33.39 0.05 8.74 12.37 21.19 3.17 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 251.56 1,366.94 176.80 802.19 1,356.36 202.72 262.14 United States 48.11 402.61 3.43 144.70 327.44 64.50 62.21 Total Foreign 203.45 964.32 173.38 657.48 1,028.93 138.22 199.92 Major Exporters 4/ 17.33 210.61 2.51 89.36 121.33 82.34 26.78 Argentina 2.78 48.57 0.01 10.76 16.03 28.61 6.72 Australia 1.50 16.83 0.00 4.22 5.89 10.43 2.02 Brazil 7.07 101.35 1.20 53.33 63.89 36.01 9.73 Canada 4.67 25.82 1.05 13.83 21.68 4.78 5.07 Major Importers 5/ 49.94 242.46 125.17 279.33 361.50 10.63 45.44 European Union 6/ 15.45 152.26 15.39 119.97 160.49 7.90 14.71 Japan 1.76 0.17 16.88 13.19 17.19 0.00 1.62 Mexico 5.89 33.32 15.17 27.95 46.90 1.30 6.18 N. Afr & Mideast 7/ 15.59 26.21 36.35 57.36 65.19 0.16 12.79 Saudi Arabia 4.41 0.36 14.00 14.00 14.51 0.00 4.26 Southeast Asia 8/ 4.25 29.86 13.32 35.06 42.86 1.27 3.30 South Korea 1.95 0.20 9.36 7.31 9.67 0.00 1.85 Selected Other China 112.05 227.44 16.08 173.78 252.44 0.12 103.02 FSU-12 6.24 93.25 0.79 41.75 57.13 36.60 6.55 Russia 1.66 40.77 0.28 22.78 32.43 8.47 1.81 Ukraine 3.17 39.26 0.06 8.96 12.42 27.07 2.99 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and ex ports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, sel ected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2017 WASDE - 570 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Sep 261.55 1,316.52 181.45 815.59 1,347.81 185.60 230.26 Oct 262.14 1,319.36 180.30 815.30 1,352.24 185.75 229.26 United States Sep 63.56 373.86 3.53 143.19 326.38 52.47 62.09 Oct 62.21 376.04 3.53 143.67 327.18 52.47 62.13 Total Foreign Sep 197.99 942.66 177.93 672.40 1,021.43 133.13 168.16 Oct 199.92 943.31 176.78 671.64 1,025.06 133.28 167.13 Major Exporters 4/ Sep 25.26 196.33 2.05 91.03 123.10 77.91 22.63 Oct 26.78 196.53 2.05 90.93 123.00 78.41 23.95 Argentina Sep 4.72 49.00 0.01 11.72 17.38 30.71 5.64 Oct 6.72 49.00 0.01 11.72 17.38 31.21 7.14 Australia Sep 2.19 11.43 0.00 3.92 5.59 6.93 1.10 Oct 2.02 11.43 0.00 3.82 5.49 6.93 1.03 Brazil Sep 9.70 97.60 0.85 54.30 64.75 34.02 9.39 Oct 9.73 97.60 0.85 54.30 64.75 34.02 9.41 Canada Sep 5.40 25.36 0.86 15.19 22.95 4.55 4.12 Oct 5.07 25.56 0.86 15.19 22.95 4.55 3.99 Major Importers 5/ Sep 45.52 244.42 133.00 288.78 371.30 9.68 41.95 Oct 45.44 244.67 130.60 286.81 369.33 10.28 41.09 European Union 6/ Sep 13.80 150.19 16.61 119.65 160.17 8.01 12.42 Oct 14.71 149.98 16.61 119.58 160.10 8.01 13.18 Japan Sep 1.61 0.17 16.72 13.06 17.05 0.00 1.46 Oct 1.62 0.17 16.72 13.06 17.05 0.00 1.47 Mexico Sep 7.07 32.83 16.20 29.52 48.49 0.70 6.90 Oct 6.18 33.03 15.90 29.52 48.49 1.30 5.32 N. Afr & Mideast 7/ Sep 12.50 30.32 38.98 61.22 69.22 0.25 12.34 Oct 12.79 30.59 38.88 61.42 69.42 0.25 12.60 Saudi Arabia Sep 4.26 0.36 14.51 15.55 16.11 0.00 3.02 Oct 4.26 0.36 13.51 14.55 15.11 0.00 3.02 Southeast Asia 8/ Sep 3.62 30.26 15.12 37.26 45.06 0.73 3.21 Oct 3.30 30.26 14.12 36.16 43.96 0.73 2.99 South Korea Sep 1.93 0.20 10.27 8.04 10.51 0.00 1.89 Oct 1.85 0.20 10.27 8.04 10.51 0.00 1.81 Selected Other China Sep 102.54 223.04 12.15 175.20 255.63 0.03 82.07 Oct 103.02 223.04 13.70 176.55 259.08 0.08 80.60 FSU-12 Sep 6.51 94.35 0.66 41.75 57.09 38.35 6.07 Oct 6.55 93.15 0.66 41.65 56.99 37.35 6.02 Russia Sep 1.81 44.30 0.11 23.65 33.30 10.56 2.36 Oct 1.81 43.60 0.11 23.55 33.20 10.06 2.26 Ukraine Sep 2.99 37.49 0.03 7.94 11.41 26.81 2.30 Oct 2.99 36.99 0.03 7.94 11.41 26.31 2.30 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and ex ports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, sel ected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2017 WASDE - 570 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 209.54 972.36 139.35 601.64 967.92 119.69 213.98 United States 43.97 345.51 1.72 129.91 298.79 48.29 44.12 Total Foreign 165.57 626.85 137.63 471.74 669.13 71.40 169.86 Major Exporters 4/ 13.19 104.21 5.67 60.60 77.67 36.48 8.93 Argentina 2.90 29.00 0.01 5.90 9.20 21.64 1.06 Brazil 7.84 67.00 3.42 49.00 57.50 14.00 6.77 South Africa 2.45 8.21 2.24 5.70 10.97 0.84 1.10 Major Importers 5/ 23.13 118.33 81.74 144.90 196.44 4.44 22.31 Egypt 2.30 6.00 8.78 12.45 14.85 0.01 2.22 European Union 6/ 9.63 58.75 13.77 55.50 73.50 1.95 6.69 Japan 1.35 0.00 15.20 11.60 15.20 0.00 1.35 Mexico 4.09 25.97 14.01 20.30 37.30 1.56 5.21 Southeast Asia 7/ 3.67 27.46 15.20 33.10 41.15 0.93 4.25 South Korea 1.86 0.08 10.12 7.80 10.12 0.00 1.94 Selected Other 0.00 Canada 1.40 13.56 1.37 7.07 12.35 1.74 2.24 China 100.47 224.63 3.17 153.50 217.50 0.00 110.77 FSU-12 3.16 39.87 0.38 16.62 19.33 21.49 2.59 Ukraine 1.52 23.33 0.03 5.50 6.90 16.60 1.39 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 213.98 1,075.33 137.11 632.52 1,062.33 163.80 226.99 United States 44.12 384.78 1.45 138.79 313.81 58.24 58.30 Total Foreign 169.86 690.56 135.66 493.73 748.51 105.55 168.69 Major Exporters 4/ 8.93 156.98 0.56 65.43 84.63 64.00 17.83 Argentina 1.06 41.00 0.01 7.30 11.00 25.50 5.57 Brazil 6.77 98.50 0.50 51.00 60.50 36.00 9.27 South Africa 1.10 17.48 0.05 7.13 13.13 2.50 3.00 Major Importers 5/ 22.31 124.63 80.51 148.33 200.98 4.58 21.88 Egypt 2.22 6.00 9.00 12.70 15.10 0.01 2.11 European Union 6/ 6.69 61.09 14.80 54.90 73.50 2.00 7.09 Japan 1.35 0.00 15.00 11.50 15.10 0.00 1.25 Mexico 5.21 27.57 14.50 22.50 40.40 1.30 5.58 Southeast Asia 7/ 4.25 29.81 13.31 35.00 42.80 1.27 3.30 South Korea 1.94 0.08 9.30 7.28 9.48 0.00 1.83 Selected Other 0.00 Canada 2.24 13.20 0.95 7.10 12.70 1.50 2.19 China 110.77 219.55 3.00 162.00 232.00 0.08 101.25 FSU-12 2.59 47.36 0.37 17.40 20.18 27.23 2.90 Ukraine 1.39 28.00 0.05 5.00 6.40 21.50 1.54 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting dis crepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra- trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2017 WASDE - 570 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Sep 226.96 1,032.63 147.31 650.28 1,057.13 150.58 202.47 Oct 226.99 1,038.80 145.81 650.48 1,064.83 150.71 200.96 United States Sep 59.70 360.30 1.27 139.07 314.98 46.99 59.30 Oct 58.30 362.73 1.27 139.71 315.86 46.99 59.44 Total Foreign Sep 167.27 672.33 146.04 511.21 742.15 103.59 143.16 Oct 168.69 676.06 144.54 510.77 748.96 103.72 141.52 Major Exporters 4/ Sep 15.83 149.50 0.41 66.30 85.70 64.20 15.84 Oct 17.83 149.50 0.41 66.30 85.70 64.70 17.34 Argentina Sep 3.57 42.00 0.01 8.50 12.50 28.50 4.57 Oct 5.57 42.00 0.01 8.50 12.50 29.00 6.07 Brazil Sep 9.27 95.00 0.30 52.00 61.50 34.00 9.07 Oct 9.27 95.00 0.30 52.00 61.50 34.00 9.07 South Africa Sep 3.00 12.50 0.10 5.80 11.70 1.70 2.20 Oct 3.00 12.50 0.10 5.80 11.70 1.70 2.20 Major Importers 5/ Sep 22.55 121.75 86.30 153.35 206.40 2.93 21.27 Oct 21.88 121.95 85.30 152.65 205.70 3.53 19.90 Egypt Sep 2.11 6.00 10.00 13.40 15.90 0.01 2.20 Oct 2.11 6.00 10.00 13.40 15.90 0.01 2.20 European Union 6/ Sep 6.48 59.39 16.00 55.80 74.50 1.50 5.86 Oct 7.09 59.39 16.00 56.00 74.70 1.50 6.27 Japan Sep 1.24 0.00 15.00 11.50 15.10 0.00 1.15 Oct 1.25 0.00 15.00 11.50 15.10 0.00 1.15 Mexico Sep 6.46 26.00 15.50 23.00 41.00 0.70 6.26 Oct 5.58 26.20 15.50 23.20 41.20 1.30 4.78 Southeast Asia 7/ Sep 3.62 30.21 15.10 37.20 45.00 0.72 3.21 Oct 3.30 30.21 14.10 36.10 43.90 0.72 2.99 South Korea Sep 1.91 0.08 10.20 8.00 10.30 0.00 1.89 Oct 1.83 0.08 10.20 8.00 10.30 0.00 1.81 Selected Other Canada Sep 2.42 13.90 0.80 8.20 13.80 1.30 2.02 Oct 2.19 14.10 0.80 8.20 13.80 1.30 1.99 China Sep 101.28 215.00 3.00 166.00 238.00 0.02 81.26 Oct 101.25 215.00 3.00 166.00 240.00 0.05 79.20 FSU-12 Sep 2.90 47.75 0.38 17.33 20.11 28.26 2.66 Oct 2.90 46.55 0.38 17.23 20.01 27.26 2.56 Ukraine Sep 1.54 27.50 0.03 4.50 5.90 22.00 1.16 Oct 1.54 27.00 0.03 4.50 5.90 21.50 1.16 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2017 WASDE - 570 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 127.64 472.57 38.30 468.17 40.25 132.04 United States 1.55 6.13 0.77 3.58 3.40 1.48 Total Foreign 126.09 466.44 37.53 464.59 36.86 130.57 Major Exporters 4/ 31.54 154.59 0.61 128.07 29.30 29.38 India 17.80 104.41 0.00 93.57 10.24 18.40 Pakistan 1.21 6.80 0.01 2.80 4.10 1.12 Thailand 11.27 15.80 0.30 9.10 9.87 8.40 Vietnam 1.26 27.58 0.30 22.60 5.09 1.46 Major Importers 5/ 11.80 63.28 12.24 76.66 0.84 9.82 Brazil 0.64 7.21 0.90 7.90 0.55 0.31 European Union 6/ 1.15 2.05 1.80 3.55 0.27 1.18 Indonesia 4.11 36.20 1.00 37.80 0.00 3.51 Nigeria 1.77 3.53 2.10 6.00 0.00 1.40 Philippines 2.41 11.00 1.60 12.90 0.00 2.11 Sel. Mideast 7/ 1.23 1.89 3.25 5.58 0.00 0.80 Selected Other 0.00 Burma 0.65 12.16 0.03 10.70 1.30 0.84 C. Amer & Carib 8/ 0.45 1.49 1.91 3.31 0.03 0.51 China 69.00 145.77 4.80 140.80 0.27 78.50 Egypt 0.92 4.00 0.10 3.90 0.20 0.92 Japan 2.82 7.67 0.71 8.60 0.07 2.53 Mexico 0.17 0.16 0.69 0.89 0.00 0.13 South Korea 1.41 4.33 0.31 4.21 0.00 1.83 2016/17 Est. Beginning Sto c ks Production Imports Total /2 Dom estic Exports Ending Sto c ks World 3/ 132.04 487.13 40.34 480.96 44.62 138.21 United States 1.48 7.12 0.75 4.17 3.70 1.46 Total Foreign 130.57 480.01 39.59 476.79 40.92 136.75 Major Exporters 4/ 29.38 164.17 0.56 134.40 31.40 28.31 India 18.40 110.15 0.00 97.00 11.00 20.55 Pakistan 1.12 6.85 0.01 2.90 3.90 1.18 Thailand 8.40 19.20 0.25 12.00 10.50 5.35 Vietnam 1.46 27.97 0.30 22.50 6.00 1.23 Major Importers 5/ 9.82 66.23 12.05 77.07 1.12 9.90 Brazil 0.31 8.38 0.55 7.93 0.75 0.57 European Union 6/ 1.18 2.07 1.85 3.65 0.32 1.13 Indonesia 3.51 37.15 0.50 37.60 0.02 3.54 Nigeria 1.40 3.65 2.40 6.10 0.00 1.35 Philippines 2.11 11.69 1.10 12.90 0.00 2.00 Sel. Mideast 7/ 0.80 1.96 4.00 5.75 0.00 1.00 Selected Other 0.00 Burma 0.84 12.50 0.01 10.60 2.40 0.35 C. Amer & Carib 8/ 0.51 1.60 1.84 3.44 0.03 0.49 China 78.50 144.85 5.30 141.35 0.81 86.50 Egypt 0.92 4.80 0.15 4.30 0.10 1.47 Japan 2.53 7.78 0.69 8.55 0.08 2.37 Mexico 0.13 0.18 0.83 0.90 0.09 0.15 South Korea 1.83 4.20 0.41 4.70 0.00 1.74 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU -28. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. October 2017 WASDE - 570 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Sep 120.33 483.36 42.51 480.17 44.22 123.52 Oct 138.21 483.80 42.72 480.48 44.19 141.52 United States Sep 1.46 5.71 0.77 3.65 3.37 0.92 Oct 1.46 5.67 0.77 3.65 3.37 0.88 Total Foreign Sep 118.87 477.65 41.74 476.52 40.85 122.60 Oct 136.75 478.13 41.95 476.83 40.82 140.64 Major Exporters 4/ Sep 28.26 165.75 0.55 135.10 31.90 27.56 Oct 28.31 165.75 0.55 135.10 31.90 27.61 India Sep 20.55 110.00 0.00 98.00 11.80 20.75 Oct 20.55 110.00 0.00 98.00 11.80 20.75 Pakistan Sep 1.13 6.90 0.00 3.00 4.10 0.93 Oct 1.18 6.90 0.00 3.00 4.10 0.98 Thailand Sep 5.35 20.40 0.25 11.50 10.00 4.50 Oct 5.35 20.40 0.25 11.50 10.00 4.50 Vietnam Sep 1.23 28.45 0.30 22.60 6.00 1.38 Oct 1.23 28.45 0.30 22.60 6.00 1.38 Major Importers 5/ Sep 8.95 64.44 12.65 76.00 1.03 9.01 Oct 9.90 65.14 12.65 77.30 0.93 9.47 Brazil Sep 0.57 8.00 0.60 7.90 0.70 0.57 Oct 0.57 7.82 0.60 7.90 0.60 0.49 European Union 6/ Sep 1.13 2.08 1.90 3.75 0.28 1.08 Oct 1.13 2.08 1.90 3.75 0.28 1.08 Indonesia Sep 3.54 37.00 0.50 37.40 0.02 3.62 Oct 3.54 37.00 0.50 37.40 0.02 3.62 Nigeria Sep 0.40 2.77 2.20 4.90 0.00 0.47 Oct 1.35 3.65 2.30 6.20 0.00 1.11 Philippines Sep 2.00 11.20 1.80 12.90 0.00 2.10 Oct 2.00 11.20 1.70 12.90 0.00 2.00 Sel. Mideast 7/ Sep 1.00 1.96 3.80 5.90 0.00 0.86 Oct 1.00 1.96 3.80 5.90 0.00 0.86 Selected Other Burma Sep 0.35 12.60 0.01 10.60 2.00 0.36 Oct 0.35 12.60 0.01 10.50 2.10 0.36 C. Amer & Carib 8/ Sep 0.49 1.65 1.84 3.53 0.03 0.42 Oct 0.49 1.65 1.84 3.53 0.03 0.42 China Sep 69.58 144.00 5.25 143.00 0.90 74.93 Oct 86.50 144.00 5.25 142.35 0.90 92.50 Egypt Sep 1.57 4.00 0.05 4.25 0.10 1.27 Oct 1.47 4.30 0.05 4.40 0.10 1.32 Japan Sep 2.37 7.60 0.69 8.50 0.08 2.08 Oct 2.37 7.60 0.69 8.50 0.08 2.08 Mexico Sep 0.15 0.19 0.80 0.91 0.00 0.23 Oct 0.15 0.19 0.80 0.91 0.00 0.23 South Korea Sep 1.74 3.90 0.41 4.65 0.00 1.39 Oct 1.74 3.90 0.41 4.65 0.00 1.39 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Ph ilippines, selected Middle East, and the EU -28. 6/ Trade excludes intra -trade. 7/ S elected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. October 2017 WASDE - 570 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2015/16 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 111.75 96.17 35.22 111.25 35.23 -0.02 96.68 United States 3.65 12.89 0.03 3.45 9.15 0.17 3.80 Total Foreign 108.10 83.29 35.19 107.80 26.08 -0.19 92.88 Major Exporters 4/ 30.34 46.58 1.77 31.65 23.03 -0.28 24.30 Central Asia 5/ 3.01 5.97 3/ 2.43 4.46 0.00 2.09 Afr. Fr. Zone 6/ 2.20 4.23 3/ 0.12 4.87 0.00 1.43 S. Hemis 7/ 11.37 9.98 0.25 4.11 7.69 -0.29 10.09 Australia 1.82 2.85 3/ 0.04 2.85 -0.15 1.93 Brazil 7.53 5.90 0.09 3.10 4.31 -0.15 6.26 India 13.49 25.90 1.07 24.25 5.76 0.00 10.44 Major Importers 8/ 75.90 34.00 31.10 71.95 2.07 0.09 66.89 Mexico 0.69 0.94 0.98 1.85 0.13 0.03 0.61 China 66.92 22.00 4.41 35.00 0.13 0.00 58.20 European Union 9/ 0.35 1.28 0.80 0.81 1.31 0.00 0.30 Turkey 1.60 2.65 4.22 6.65 0.23 0.00 1.58 Pakistan 2.89 7.00 3.30 10.30 0.25 0.03 2.62 Indonesia 0.60 0.01 2.94 3.00 0.02 0.00 0.53 Thailand 0.22 3/ 1.28 1.27 0.00 0.03 0.20 Bangladesh 1.33 0.12 6.20 6.10 0.00 0.01 1.54 Vietnam 0.68 3/ 4.50 4.40 0.00 0.00 0.78 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Use Exports Loss /2 Ending Sto c ks World 96.68 106.61 37.24 113.69 37.39 -0.12 89.57 United States 3.80 17.17 0.01 3.25 14.92 0.06 2.75 Total Foreign 92.88 89.44 37.23 110.44 22.48 -0.18 86.82 Major Exporters 4/ 24.30 50.81 3.62 31.05 19.42 -0.27 28.53 Central Asia 5/ 2.09 5.95 3/ 2.54 2.99 0.00 2.51 Afr. Fr. Zone 6/ 1.43 5.03 3/ 0.12 4.56 0.01 1.77 S. Hemis 7/ 10.09 12.46 0.37 4.23 7.06 -0.30 11.93 Australia 1.93 4.20 3/ 0.04 3.71 -0.15 2.54 Brazil 6.26 7.00 0.19 3.20 2.79 -0.15 7.61 India 10.44 27.00 2.73 23.50 4.55 0.00 12.12 Major Importers 8/ 66.89 35.86 31.36 75.36 2.01 0.09 56.65 Mexico 0.61 0.76 1.00 1.75 0.15 0.03 0.44 China 58.20 22.75 5.03 37.50 0.06 0.00 48.42 European Union 9/ 0.30 1.31 0.70 0.72 1.33 0.00 0.27 Turkey 1.58 3.20 3.68 6.45 0.33 0.00 1.68 Pakistan 2.62 7.70 2.40 10.30 0.13 0.03 2.27 Indonesia 0.53 0.01 3.39 3.30 0.01 0.00 0.62 Thailand 0.20 3/ 1.23 1.20 0.00 0.03 0.20 Bangladesh 1.54 0.13 6.25 6.50 0.00 0.01 1.41 Vietnam 0.78 3/ 5.50 5.40 0.00 0.00 0.88 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addi tion to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. October 2017 WASDE - 570 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2017/18 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Sep 89.57 120.75 37.82 117.75 37.78 0.07 92.54 Oct 89.57 120.86 38.20 118.01 38.22 0.03 92.38 United States Sep 2.75 21.76 0.01 3.35 14.90 0.27 6.00 Oct 2.75 21.12 0.01 3.35 14.50 0.23 5.80 Total Foreign Sep 86.82 98.99 37.81 114.40 22.88 -0.20 86.54 Oct 86.82 99.75 38.19 114.66 23.72 -0.20 86.58 filler filler filler filler filler filler filler Major Exporters 4/ Sep 28.54 55.79 2.07 32.36 19.68 -0.29 34.64 Oct 28.53 56.42 2.40 32.36 20.51 -0.29 34.76 Central Asia 5/ Sep 2.52 6.20 3/ 2.66 2.86 0.00 3.20 Oct 2.51 6.18 3/ 2.66 2.69 0.00 3.33 Afr. Fr. Zone 6/ Sep 1.78 5.32 3/ 0.12 4.61 0.00 2.38 Oct 1.77 5.32 3/ 0.12 4.57 0.00 2.41 S. Hemis 7/ Sep 11.99 13.77 0.27 4.43 7.72 -0.30 14.17 Oct 11.93 14.42 0.30 4.43 8.36 -0.30 14.15 Australia Sep 2.54 5.00 3/ 0.04 3.80 -0.15 3.85 Oct 2.54 5.00 3/ 0.04 4.10 -0.15 3.55 Brazil Sep 7.61 7.50 0.10 3.40 3.40 -0.15 8.56 Oct 7.61 7.80 0.13 3.40 3.65 -0.15 8.63 India Sep 12.04 30.00 1.30 24.50 4.20 0.00 14.64 Oct 12.12 30.00 1.60 24.50 4.60 0.00 14.62 filler filler filler filler filler filler filler Major Importers 8/ Sep 56.60 40.32 33.25 77.97 2.15 0.09 49.96 Oct 56.65 40.51 33.27 78.23 2.25 0.09 49.87 Mexico Sep 0.44 1.38 0.95 1.80 0.20 0.03 0.75 Oct 0.44 1.45 0.80 1.80 0.23 0.03 0.64 China Sep 48.42 24.50 5.10 38.50 0.05 0.00 39.47 Oct 48.42 24.50 5.10 38.50 0.05 0.00 39.47 European Union 9/ Sep 0.23 1.36 0.72 0.74 1.21 0.00 0.35 Oct 0.27 1.48 0.72 0.75 1.33 0.00 0.39 Turkey Sep 1.65 3.80 3.40 6.70 0.33 0.00 1.82 Oct 1.68 3.80 3.40 6.75 0.28 0.00 1.85 Pakistan Sep 2.27 9.15 2.40 10.60 0.35 0.03 2.84 Oct 2.27 9.15 2.40 10.60 0.35 0.03 2.84 Indonesia Sep 0.63 3/ 3.40 3.30 0.01 0.00 0.73 Oct 0.62 3/ 3.40 3.30 0.01 0.00 0.72 Thailand Sep 0.20 3/ 1.35 1.25 0.00 0.03 0.28 Oct 0.20 3/ 1.35 1.25 0.00 0.03 0.28 Bangladesh Sep 1.41 0.13 7.25 6.90 0.00 0.01 1.87 Oct 1.41 0.13 7.25 6.90 0.00 0.01 1.87 Vietnam Sep 0.88 3/ 6.40 5.95 0.00 0.00 1.34 Oct 0.88 3/ 6.60 6.20 0.00 0.00 1.29 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addi tion to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. October 2017 WASDE - 570 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 77.52 313.71 133.33 274.93 314.35 132.46 77.74 United States 5.19 106.86 0.64 51.34 54.47 52.86 5.35 Total Foreign 72.33 206.85 132.68 223.60 259.87 79.60 72.39 Major Exporters 3/ 50.67 164.73 1.12 86.69 94.54 71.79 50.19 Argentina 31.70 56.80 0.68 43.27 47.56 9.92 31.70 Brazil 18.93 96.50 0.41 39.75 43.25 54.38 18.20 Paraguay 0.02 9.22 0.01 3.60 3.64 5.31 0.29 Major Importers 4/ 18.68 15.47 113.50 106.59 128.02 0.32 19.30 China 17.01 11.79 83.23 81.00 95.00 0.11 16.91 European Union 0.68 2.32 15.12 15.20 16.83 0.14 1.15 Japan 0.21 0.24 3.19 2.28 3.38 0.00 0.26 Mexico 0.07 0.33 4.13 4.40 4.43 0.00 0.10 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ 77.74 351.25 143.61 288.40 330.28 147.46 94.86 United States 5.35 116.92 0.61 51.68 55.52 59.16 8.20 Total Foreign 72.39 234.33 143.01 236.72 274.76 88.31 86.66 Major Exporters 3/ 50.19 185.78 1.97 89.33 97.49 79.51 60.95 Argentina 31.70 57.80 1.70 43.88 48.33 6.90 35.97 Brazil 18.20 114.10 0.25 41.30 44.95 63.14 24.46 Paraguay 0.29 10.67 0.01 3.95 3.99 6.60 0.37 Major Importers 4/ 19.30 16.81 121.37 112.18 134.98 0.37 22.13 China 16.91 12.90 92.50 87.00 102.00 0.12 20.19 European Union 1.15 2.38 13.20 14.20 15.84 0.20 0.69 Japan 0.26 0.24 3.20 2.30 3.46 0.00 0.24 Mexico 0.10 0.51 4.20 4.65 4.69 0.00 0.12 2017/18 Proj. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ Sep 95.96 348.44 148.86 300.65 344.30 151.42 97.53 Oct 94.86 347.88 148.64 301.25 344.37 150.97 96.05 United States Sep 9.40 120.59 0.68 52.80 56.51 61.24 12.93 Oct 8.20 120.58 0.68 52.80 56.51 61.24 11.72 Total Foreign Sep 86.56 227.84 148.18 247.85 287.79 90.19 84.61 Oct 86.66 227.30 147.96 248.45 287.86 89.74 84.33 Major Exporters 3/ Sep 61.41 175.92 1.72 90.99 99.26 79.90 59.90 Oct 60.95 175.92 1.72 90.99 99.26 79.90 59.43 Argentina Sep 35.90 57.00 1.50 44.84 49.34 8.00 37.06 Oct 35.97 57.00 1.50 44.84 49.34 8.00 37.13 Brazil Sep 25.00 107.00 0.20 42.00 45.70 64.00 22.50 Oct 24.46 107.00 0.20 42.00 45.70 64.00 21.96 Paraguay Sep 0.37 9.40 0.01 3.95 4.00 5.50 0.28 Oct 0.37 9.40 0.01 3.95 4.00 5.50 0.28 Major Importers 4/ Sep 21.80 17.92 126.15 119.63 143.80 0.40 21.67 Oct 22.13 18.18 125.65 120.03 143.70 0.40 21.86 China Sep 19.69 14.00 95.00 93.00 109.10 0.15 19.44 Oct 20.19 14.20 95.00 94.00 109.60 0.15 19.64 European Union Sep 0.79 2.48 14.50 15.10 16.74 0.20 0.83 Oct 0.69 2.48 14.00 14.50 16.14 0.20 0.83 Japan Sep 0.24 0.26 3.30 2.35 3.51 0.00 0.29 Oct 0.24 0.26 3.30 2.35 3.51 0.00 0.29 Mexico Sep 0.12 0.42 4.30 4.72 4.76 0.00 0.09 Oct 0.12 0.48 4.30 4.72 4.76 0.00 0.15 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports . Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). October 2017 WASDE - 570 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.61 215.76 61.89 213.53 65.31 12.42 United States 0.24 40.53 0.37 30.04 10.84 0.24 Total Foreign 13.37 175.24 61.52 183.49 54.47 12.18 Major Exporters 3/ 8.39 68.52 0.07 23.58 46.14 7.26 Argentina 4.03 33.21 0.00 2.68 30.33 4.23 Brazil 3.81 30.75 0.03 16.27 15.41 2.91 India 0.55 4.56 0.05 4.63 0.41 0.12 Major Importers 4/ 2.11 16.58 36.57 52.89 0.51 1.85 European Union 0.63 12.01 19.21 31.09 0.30 0.46 Southeast Asia 5/ 1.42 2.85 15.63 18.35 0.21 1.35 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 12.42 226.19 61.74 222.20 65.26 12.89 United States 0.24 40.49 0.32 30.21 10.57 0.27 Total Foreign 12.18 185.70 61.42 191.99 54.69 12.62 Major Exporters 3/ 7.26 72.84 0.04 24.60 47.16 8.38 Argentina 4.23 33.72 0.00 2.85 31.60 3.50 Brazil 2.91 32.00 0.04 16.90 13.76 4.28 India 0.12 7.12 0.01 4.85 1.80 0.60 Major Importers 4/ 1.85 16.05 36.78 52.91 0.55 1.22 European Union 0.46 11.22 19.00 30.24 0.31 0.13 Southeast Asia 5/ 1.35 3.08 16.08 19.22 0.24 1.05 2017/18 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Sep 13.32 236.55 64.80 234.38 67.42 12.88 Oct 12.89 236.62 64.76 234.44 67.41 12.42 United States Sep 0.30 41.80 0.27 31.03 11.07 0.27 Oct 0.27 41.82 0.27 31.03 11.07 0.27 Total Foreign Sep 13.03 194.75 64.53 203.35 56.36 12.60 Oct 12.62 194.80 64.49 203.41 56.35 12.15 Major Exporters 3/ Sep 8.89 73.88 0.03 26.01 48.15 8.64 Oct 8.38 73.88 0.04 26.01 48.15 8.14 Argentina Sep 4.06 34.42 0.00 3.06 31.20 4.23 Oct 3.50 34.42 0.00 3.06 31.20 3.67 Brazil Sep 4.18 32.50 0.02 17.50 15.25 3.95 Oct 4.28 32.50 0.03 17.50 15.25 4.06 India Sep 0.65 6.96 0.01 5.45 1.70 0.46 Oct 0.60 6.96 0.01 5.45 1.70 0.41 Major Importers 4/ Sep 1.28 17.11 38.37 54.96 0.53 1.27 Oct 1.22 16.64 38.37 54.46 0.53 1.23 European Union Sep 0.18 11.93 19.50 31.14 0.30 0.17 Oct 0.13 11.46 19.50 30.64 0.30 0.14 Southeast Asia 5/ Sep 1.05 3.41 17.02 20.20 0.23 1.05 Oct 1.05 3.41 17.02 20.20 0.23 1.05 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. October 2017 WASDE - 570 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 4.22 51.50 11.63 52.08 11.68 3.59 United States 0.84 9.96 0.13 9.15 1.02 0.77 Total Foreign 3.38 41.55 11.50 42.94 10.66 2.83 Major Exporters 3/ 0.96 18.95 0.39 11.41 8.16 0.73 Argentina 0.37 8.43 0.00 2.83 5.70 0.27 Brazil 0.38 7.63 0.07 6.29 1.55 0.24 European Union 0.21 2.89 0.33 2.29 0.92 0.23 Major Importers 4/ 1.53 15.87 6.85 22.88 0.17 1.20 China 0.78 14.52 0.59 15.25 0.10 0.53 India 0.52 1.03 4.27 5.30 0.00 0.51 North Africa 5/ 0.23 0.33 2.00 2.33 0.07 0.16 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 3.59 53.90 10.94 53.46 11.43 3.54 United States 0.77 9.99 0.15 9.00 1.16 0.74 Total Foreign 2.83 43.91 10.79 44.45 10.28 2.80 Major Exporters 3/ 0.73 19.13 0.35 11.67 7.54 1.00 Argentina 0.27 8.50 0.00 2.87 5.45 0.45 Brazil 0.24 7.93 0.06 6.59 1.24 0.40 European Union 0.23 2.70 0.29 2.21 0.85 0.16 Major Importers 4/ 1.20 17.73 5.85 23.61 0.19 0.98 China 0.53 15.59 0.75 16.23 0.12 0.53 India 0.51 1.60 3.50 5.30 0.00 0.31 North Africa 5/ 0.16 0.54 1.60 2.08 0.08 0.14 2017/18 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Sep 3.66 56.13 11.51 55.74 11.92 3.63 Oct 3.54 56.16 11.45 55.79 11.85 3.51 United States Sep 0.83 10.21 0.15 9.44 0.95 0.80 Oct 0.74 10.21 0.14 9.44 0.95 0.70 Total Foreign Sep 2.83 45.92 11.36 46.31 10.97 2.83 Oct 2.80 45.95 11.31 46.35 10.89 2.81 Major Exporters 3/ Sep 0.95 19.56 0.31 11.68 8.20 0.93 Oct 1.00 19.45 0.31 11.65 8.15 0.96 Argentina Sep 0.50 8.63 0.00 2.80 5.85 0.49 Oct 0.45 8.63 0.00 2.80 5.85 0.44 Brazil Sep 0.27 8.06 0.06 6.70 1.45 0.24 Oct 0.40 8.06 0.06 6.70 1.45 0.37 European Union Sep 0.18 2.87 0.25 2.19 0.90 0.21 Oct 0.16 2.76 0.25 2.16 0.85 0.16 Major Importers 4/ Sep 1.08 18.96 6.38 25.05 0.19 1.17 Oct 0.98 19.05 6.35 25.08 0.18 1.11 China Sep 0.53 16.76 0.50 17.05 0.10 0.64 Oct 0.53 16.85 0.50 17.20 0.10 0.57 India Sep 0.41 1.56 4.10 5.65 0.00 0.43 Oct 0.31 1.56 4.10 5.55 0.00 0.43 North Africa 5/ Sep 0.13 0.64 1.78 2.35 0.09 0.11 Oct 0.14 0.64 1.75 2.33 0.08 0.11 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tunisia. October 2017 WASDE - 570 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2016 IV 6,625 6,648 13,329 10,065 1,511 11,708 25,037 2,220 52.5 Annual 25,221 24,941 50,388 40,695 5,981 47,225 97,612 8,565 212.4 2017 I 6,300 6,409 12,764 10,233 1,487 11,848 24,612 2,174 53.6 II 6,404 6,137 12,595 10,407 1,481 12,023 24,618 2,175 55.3 III 6,730 6,245 13,029 10,450 1,490 12,080 25,109 2,195 53.7 IV* 7,115 7,035 14,207 10,350 1,550 12,040 26,247 2,230 53.6 Annual Sep Proj. 26,559 25,841 52,621 41,290 5,998 47,828 100,449 8,764 216.0 Oct Proj. 26,549 25,826 52,595 41,440 6,008 47,991 100,586 8,774 216.2 2018 I* 6,305 6,640 12,998 10,400 1,500 12,035 25,033 2,205 54.7 II* 6,800 6,390 13,246 10,625 1,530 12,295 25,541 2,180 56.5 III* 7,060 6,580 13,695 10,700 1,520 12,360 26,055 2,225 54.6 Annual Sep Proj. 27,275 26,715 54,208 42,275 6,180 49,005 103,213 8,890 220.1 Oct Proj. 27,295 26,855 54,370 42,275 6,140 48,965 103,335 8,890 220.4 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & mutton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2016 IV 107.69 37.02 78.0 116.6 81.7 17.80 Annual 120.86 46.16 84.3 117.1 85.7 16.30 2017 I 122.96 49.73 88.5 100.4 80.0 18.23 II 132.76 51.70 104.7 99.1 74.7 16.83 III 112.46 55.59 94.9 96.9 102.1 17.70 -17.80 IV* 108-112 38-40 85-89 97-101 112-116 18.10 -18.50 Annual Sep Proj. 118-120 50-51 93-95 99-101 87-89 17.70 -17.90 Oct Proj. 119.55 49.01 93.8 98.8 92.7 17.75 -17.85 2018 I* 111-119 45-49 87-93 94-100 92-98 17.60 -18.30 II* 109-119 47-51 86-94 97-105 82-88 16.90 -17.90 III* 110-120 44-48 84-92 102-110 91-99 17.20 -18.20 Annual Sep Proj. 111-120 46-50 85-92 100-109 87-94 17.55 -18.55 Oct Proj. 111-120 43-47 85-92 100-108 91-99 17.45 -18.35 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. October 2017 WASDE - 570 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2016 683 25,288 3,015 28,986 2,556 757 25,673 55.6 2017 Proj. Sep 757 26,626 2,832 30,215 2,784 650 26,781 57.6 Oct 757 26,616 2,957 30,330 2,834 700 26,796 57.6 2018 Proj. Sep 650 27,342 2,870 30,862 2,860 600 27,402 58.5 Oct 700 27,362 3,030 31,092 2,910 650 27,532 58.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2016 590 24,957 1,091 26,638 5,239 507 20,891 50.1 2017 Proj. Sep 507 25,857 1,095 27,459 5,753 600 21,106 50.3 Oct 507 25,842 1,115 27,464 5,708 600 21,156 50.4 2018 Proj. Sep 600 26,731 935 28,266 5,965 750 21,551 51.0 Oct 600 26,871 1,000 28,471 5,965 750 21,756 51.5 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2016 1,320 50,481 4,322 56,123 7,801 1,304 47,019 106.9 2017 Proj. Sep 1,304 52,714 4,177 58,195 8,543 1,291 48,361 109.2 Oct 1,304 52,688 4,322 58,314 8,548 1,340 48,426 109.3 2018 Proj. Sep 1,291 54,301 4,047 59,639 8,833 1,391 49,415 110.8 Oct 1,340 54,463 4,272 60,075 8,883 1,440 49,752 111.5 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2016 832 40,260 131 41,223 6,644 778 33,800 89.8 2017 Proj. Sep 778 40,848 134 41,760 6,814 745 34,201 90.2 Oct 778 40,997 124 41,899 6,814 745 34,340 90.6 2018 Proj. Sep 745 41,823 130 42,698 7,030 750 34,918 91.5 Oct 745 41,823 130 42,698 7,030 750 34,918 91.5 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2016 201 5,981 50 6,232 569 279 5,384 16.6 2017 Proj. Sep 279 5,998 35 6,312 611 300 5,401 16.6 Oct 279 6,008 35 6,322 611 325 5,386 16.5 2018 Proj. Sep 300 6,180 40 6,520 650 295 5,575 17.0 Oct 325 6,140 40 6,505 650 295 5,560 17.0 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2016 1,041 46,789 184 48,014 7,372 1,065 39,577 107.6 2017 Proj. Sep 1,065 47,386 172 48,622 7,564 1,053 40,005 108.1 Oct 1,065 47,547 162 48,774 7,564 1,078 40,132 108.4 2018 Proj. Sep 1,053 48,552 174 49,779 7,825 1,053 40,901 109.7 Oct 1,078 48,512 174 49,764 7,825 1,053 40,886 109.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2016 2,361 97,269 4,506 104,137 15,173 2,369 86,595 214.6 2017 Proj. Sep 2,369 100,099 4,349 106,817 16,107 2,344 88,367 217.2 Oct 2,369 100,235 4,484 107,087 16,112 2,418 88,558 217.7 2018 Proj. Sep 2,344 102,853 4,221 109,418 16,658 2,444 90,316 220.5 Oct 2,418 102,975 4,446 109,839 16,708 2,493 90,638 221.2 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready -to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. October 2017 WASDE - 570 - 33 U.S. Egg Supply and Use Commodity 2015 2016 2017 Proj. 2017 Proj. 2018 Proj. 2018 Proj. Sep Oct Sep Oct Eggs Million Dozen Supply Beginning Stocks 23.3 31.1 27.1 27.1 27.0 27.0 Production 8,053.0 8,565.0 8,764.0 8,774.0 8,890.0 8,890.0 Imports 123.5 121.9 51.4 40.4 40.0 40.0 Total Supply 8,199.8 8,718.0 8,842.5 8,841.5 8,957.0 8,957.0 Use Exports 313.6 279.0 305.2 305.2 320.0 320.0 Hatching Use 995.6 1,009.6 1,028.8 1,028.8 1,030.0 1,030.0 Ending Stocks 31.1 27.1 27.0 27.0 27.0 27.0 Disappearance Total 6,859.4 7,402.3 7,481.5 7,480.5 7,580.0 7,580.0 Per Capita (number) 256.3 274.7 275.7 275.7 277.5 277.5 Total U.S. Milk Supply and Use Commodity 2015 2016 2017 Proj. 2017 Proj. 2018 Proj. 2018 Proj. Sep Oct Sep Oct Milk Billion Pounds Production 208.6 212.4 216.0 216.2 220.1 220.4 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 10.5 12.3 12.7 12.7 12.8 13.0 Marketings 207.6 211.4 215.0 215.2 219.1 219.4 Imports 5.8 7.0 6.1 6.2 5.7 5.9 Total Cml. Supply 223.9 230.8 233.8 234.1 237.6 238.3 Fat Basis Use Commercial Exports 8.5 8.4 9.2 9.5 9.2 9.6 Ending Commercial Stocks 12.3 12.7 12.8 13.0 12.1 12.1 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 203.0 209.7 211.8 211.7 216.3 216.7 Skim -solid Basis Supply Beg. Commercial Stocks 9.4 9.2 9.5 9.5 10.2 11.1 Marketings 207.6 211.4 215.0 215.2 219.1 219.4 Imports 6.0 6.5 6.4 6.3 6.2 6.2 Total Cml. Supply 223.1 227.1 230.9 231.0 235.5 236.7 Skim -solid Basis Use Commercial Exports 37.3 39.0 40.6 40.9 41.8 42.0 Ending Commercial Stocks 9.2 9.5 10.2 11.1 9.4 9.7 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 176.6 178.5 180.1 179.1 184.3 185.0 Total Note: Totals may not add due to rounding. October 2017 WASDE - 570 - 34 U.S. Dairy Prices Commodity 2015 2016 2017 Proj. 2017 Proj. 2018 Proj. 2018 Proj. Sep Oct Sep Oct Product Prices 1/ Dollars Per Pound Cheese 1.6454 1.6050 1.610 - 1.630 1.625 - 1.635 1.630 - 1.730 1.645 - 1.735 Butter 2.0670 2.0777 2.355 - 2.395 2.335 - 2.365 2.330 - 2.460 2.315 - 2.435 Nonfat Dry Milk 0.9016 0.8292 0.880 - 0.900 0.870 - 0.890 0.860 - 0.930 0.815 - 0.885 Dry Whey 0.3804 0.2875 0.445 - 0.465 0.450 - 0.460 0.410 - 0.440 0.380 - 0.410 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 15.80 14.87 16.05 - 16.25 16.15 - 16.25 16.00 - 17.00 16.00 - 16.90 Class IV 14.35 13.77 15.40 - 15.70 15.25 - 15.45 15.10 - 16.20 14.70 - 15.70 All Milk 3/ 17.13 16.30 17.70 - 17.90 17.75 - 17.85 17.55 - 18.55 17.45 - 18.35 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated pla nts for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . October 2017 WASDE - 570 - 35 Reliability of October Projections 1/ Note: Tables on pages 35 -37 present a record of the October projection and the final Estimate. Using world wheat production as an example, the "root m ean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 1.7 percent. Cha nces are 9 out of 10 (90% confidence level) that the difference will not exceed 2.9 percent. The average difference between the Oct ober projection and the final estimate is 7.5 million tons, ranging from 1.2 million to 26.7 million tons. The October projection has been below the estima te 26 times and above 9 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 1.7 2.9 7.5 1.2 26.7 26 9 U.S. 0.5 0.8 0.2 0.0 1.2 12 16 Foreign 1.9 3.3 7.5 1.4 26.8 26 9 Exports World 5.7 9.7 5.9 0.0 19.3 27 7 U.S. 8.4 14.2 2.3 0.3 10.0 16 19 Foreign 6.9 11.6 5.5 0.5 17.3 29 6 Domestic Use World 1.5 2.6 6.5 0.5 22.7 20 15 U.S. 6.2 10.5 1.6 0.1 3.6 10 25 Foreign 1.6 2.6 6.5 0.2 20.3 21 14 Ending Stocks World 8.1 13.8 9.8 0.6 32.5 27 8 U.S. 11.6 19.7 2.1 0.0 6.8 20 15 Foreign 8.6 14.7 8.4 0.0 29.3 27 8 COARSE GRAINS 2/ Production World 1.9 3.2 15.0 0.8 49.7 28 7 U.S. 2.7 4.6 4.4 0.1 17.9 21 14 Foreign 2.4 4.0 13.9 0.6 47.0 29 6 Exports World 7.5 12.7 7.5 0.1 28.9 24 11 U.S. 15.4 26.2 6.6 0.7 19.3 16 19 Foreign 13.1 22.3 7.0 0.6 21.4 23 12 Domestic Use World 1.6 2.7 12.4 0.2 42.4 22 13 U.S. 3.7 6.3 5.6 0.0 17.0 18 17 Foreign 1.7 3.0 10.6 0.0 42.1 23 12 Ending Stocks World 11.7 19.9 14.7 0.2 41.2 28 7 U.S. 22.4 37.9 8.6 0.5 29.1 19 16 Foreign 14.9 25.3 12.7 0.7 44.4 30 5 RICE, milled Production World 2.3 3.9 6.2 0.0 20.9 27 7 U.S. 3.3 5.7 0.2 0.0 0.5 20 15 Foreign 2.3 4.0 6.2 0.1 21.0 27 8 Exports World 9.3 15.8 1.6 0.1 6.3 26 9 U.S. 9.9 16.9 0.2 0.0 0.8 19 14 Foreign 10.6 18.1 1.5 0.0 6.3 26 9 Domestic Use World 1.9 3.2 4.5 0.3 20.3 27 8 U.S. 7.5 12.8 0.2 0.0 0.6 16 18 Foreign 1.9 3.2 4.5 0.1 20.7 27 8 Ending Stocks World 11.5 19.5 5.3 0.2 24.4 27 8 U.S. 24.2 41.1 0.2 0.0 0.8 18 16 Foreign 12.1 20.5 5.3 0.1 24.2 28 7 1/ Footnotes at end of table. CONTINUED October 2017 WASDE - 570 - 36 Reliability of October Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 4.5 7.6 6.5 0.1 28.7 19 16 U.S. 2.9 4.9 1.5 0.0 3.8 16 19 Foreign 7.3 12.4 6.6 0.0 28.1 18 17 Exports World 7.7 13.1 3.6 0.3 13.0 22 13 U.S. 11.4 19.3 2.6 0.1 7.5 23 12 Foreign 18.4 31.2 2.8 0.1 11.4 16 19 Domestic Use World 3.1 5.3 4.3 0.0 14.0 22 13 U.S. 3.8 6.5 1.4 0.0 4.5 22 12 Foreign 3.9 6.6 3.9 0.1 11.0 23 12 Ending Stocks World 18.0 30.6 5.2 0.3 18.6 20 15 U.S. 44.7 75.9 2.2 0.0 6.6 6 29 Foreign 19.8 33.5 4.6 0.3 19.9 20 15 COTTON Million 480 -Pound Bales Production World 4.6 7.8 2.9 0.0 10.9 19 15 U.S. 4.6 7.7 0.6 0.0 1.7 22 13 Foreign 5.3 9.0 2.7 0.0 10.5 18 16 Exports World 7.8 13.2 1.9 0.1 8.5 21 14 U.S. 18.1 30.8 1.1 0.1 3.1 21 14 Foreign 10.7 18.1 1.5 0.1 8.3 17 18 Domestic Use World 3.8 6.4 2.9 0.1 11.7 16 19 U.S. 7.7 13.1 0.4 0.0 1.2 18 16 Foreign 3.9 6.6 2.8 0.0 10.9 16 19 Ending Stocks World 13.5 22.9 4.7 0.0 15.1 21 13 U.S. 32.9 55.9 1.2 0.0 4.3 10 24 Foreign 14.6 24.7 4.4 0.2 15.6 25 10 1/ Marketing years 1981/82 through 2016/17 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2015/16, and for 2016/17 the last month’s estima te. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. October 2017 WASDE - 570 - 37 Reliability of United States October Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 2.9 4.8 172 5 618 20 15 Exports 15.9 27.0 234 12 700 16 19 Domestic Use 4.0 6.8 221 5 558 20 15 Ending Stocks 25.2 42.8 319 18 1,187 19 16 SORGHUM Production 4.9 8.4 20 1 71 21 14 Exports 22.4 37.9 39 1 130 20 15 Domestic Use 19.3 32.8 38 0 125 17 17 Ending Stocks 48.8 82.9 30 0 142 11 23 BARLEY Production 1.5 2.6 4 0 24 9 15 Exports 54.7 92.8 12 0 38 15 17 Domestic Use 7.2 12.3 18 0 70 12 22 Ending Stocks 13.4 22.7 14 1 56 23 12 OATS Production 2.6 4.4 2 0 18 6 11 Exports 94.0 159.5 1 0 8 9 12 Domestic Use 4.9 8.3 11 0 39 13 21 Ending Stocks 23.4 39.6 16 1 47 24 11 SOYBEAN MEAL Thousand Short Tons Production 3.6 6.2 1,070 123 2,815 24 11 Exports 11.8 20.0 731 0 2,100 19 15 Domestic Use 3.6 6.1 781 45 2,650 19 16 Ending Stocks 33.2 56.3 49 0 198 13 15 SOYBEAN OIL Million Pounds Production 3.8 6.5 503 1 1,473 25 10 Exports 30.5 51.7 378 25 1,525 20 15 Domestic Use 4.0 6.7 440 20 1,928 23 12 Ending Stocks 26.5 44.9 393 35 1,327 17 18 ANIMAL PROD. Million Pounds Beef 4.0 6.8 795 18 2,461 23 11 Pork 3.3 5.6 415 2 1,592 19 15 Broilers 1.9 3.2 437 23 1,337 20 14 Turkeys 3.7 6.4 140 2 444 19 15 Million Dozen Eggs 1.8 3.1 100 4 468 22 12 Billion Pounds Milk 1.5 2.6 1.8 0.0 6.8 18 13 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2016/17 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate followin g the marketing year for 1981/82 through 2015/16, and for 2016/17 the last month’s estimate. Calendar years 1982 through 2016 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 19 82-2016. WASDE -570-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Dema nd Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data f or grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report ar e provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 WASDE Notification System Subscribers are notified through GovDelivery when the monthly World Agricultural Supply and Demand Estimates (WASDE) report is available. Previous WASDE reports are available at http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1194 For questions contact: Susan Carter at 202- 720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE -570 – October 12, 2017 WASDE Briefing Slides : The briefing slides which accompany today’s WASDE report will be available at http://www.usda.gov/oce/commodity/wasde/ Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e -mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu. Select the “Reports by E -Mail” bar to sign up. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554-9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 528 Approved by the Worl d Agricultural Outlook Board April 9, 2014 WHEAT: U.S. wheat ending stocks for 2013/14 are projected 25 million bushels higher with lower imports more than offset by a reduction in feed and residual use. Imports are projected 5 million bushels lower based on available shipment data. Feed and residual use is projected 30 million bushels lower based on disappearance during the December-February and September-November quarters as indicated by the March 1 stocks and revi sions to the December 1 stocks, both from the March 31 Grain Stocks report. Projected feed and residual use is lowered 10 million bushels each for Hard Red Winter, Hard Red Spring, and White wheat. The all wheat export projection is unchanged, but small by-cla ss adjustments are made to exports as well as imports. The projected season-average farm price for all wheat is unchanged at $6.75 to $6.95 per bushel. Global 2013/14 wheat supplies are raised 0.5 millio n tons with higher pr ojected beginning stocks, mostly because of reductions in European Union and Ukraine consumption for 2012/13. World production for 2013/14 is lowered 0.2 million tons with mostly offsetting changes to several countries of 0.1 million tons or less. World wheat imports for 2013/14 are lowered 1.7 million tons mostly reflecting a 1.5-million-ton reduction for China. Smaller import reductions are made for Bangladesh, the European Union, Pakistan, and South Africa, but these are mostly offset by increases for Mexico, Nigeria, and Russia. Global exports are lowered with 0.5-million-ton reductions each for Australia, Canada, India, and Ukraine, and a 0.3-million-ton reduction fo r Brazil. Most of the export reductions reflect the pace of shipments reported to date, but reductions for Australia and Canada are also related to the lower import outlook for China. For Ukraine, the latest trade data indicate a shift in export business from wheat to corn. Partly offsetting the reductions is a 1.0-million-ton increase for Kazakhstan exports with reports of larger rail shipments to Russia and strong sales to Iran and China. Global wheat consumption for 2013/14 is lowered 2.4 million tons mostly on a 2.0-million-ton reduction in China wheat feeding. A number of smaller and mostly offsetting changes are also made in consumption for other countries. Global wheat ending stocks for 2013/14 are projected 2.9 million tons higher with the largest increases for Ukraine, the United States, the European Union, Australia, and China. COARSE GRAINS: U.S. feed grain ending stocks for 2013/ 14 are projected lower this month with reductions for corn, barley, and oats. A 125-million-bushel increase in projected corn exports reduces corn ending stocks by the same amount. Continued strong export sales and a rising weekly shipment pace for U.S. corn during March support the higher expected export level as does an increase in projected global corn demand. U.S. barley ending stocks for 2013/14 are projected 7 million bushels lower with projected imports decreased and projected exports increased based on the pace of shipments to date. Oats ending stocks are projec ted 10 million bushels lower with feed and residual use raised 10 million bushels on higher-than-expected December-February disappearance as indicated by the March 1 sto cks. Sorghum exports ar e projected 20 million bushels higher based on the high level of outstanding sales and the sharp increase in weekly WASDE-528-2 shipments during March. Sorghum ending stocks, however, rema in unchanged with an offsetting reduction made in domestic us e based on the higher-than-ex pected March 1 stocks estimate. The 2013/14 season-average farm price for corn is raised 10 cents at the midpoint with the projected range also narrowed to $4.40 to $4.80 per bushel, compared with $4.25 to $4.75 per bushel last month. The projected range for the sorghum farm price is also raised 10 cents to $4.15 to $4.55 per bushel. The barley and oats price ranges are narrowed 5 cents on each end to $6.00 to $6.20 per bushel and $3.65 to $3.75 per bushel, respectively. The June-May marketing year for barley and oats is nearing an end with most of the two crops already marketed and priced. Global coarse grain supplies for 2013/14 are raised 3.6 million tons with increases in foreign corn production far exceeding reductions for millet, sorghum, and barley. Revisions to coarse grain production for a number of Sub-Saharan African countries account for much of the change in world production this month. Notable changes, however, are made for several major producing and exporting countries. Global corn production is raised 6.4 million tons with a 2.0-million-ton increase for Brazil and 1.0- million-ton increases each for South Africa and Russia. For Brazil, favorable precipitation in March and early April has supported the developing safrinha corn crop with yields now expected just below last year’s levels in the areas where this second-season corn crop is grown. For South Africa, improved rains in late February and March have boosted yield prospects for corn grown in the normally lower-yielding western areas. Corn production is raised for Russia based on recent revisions to official production statistics. Corn production is also raised 0.2 million tons for Mexico, in line with the latest government estimates. Glob al sorghum production is lowered 1.1 million tons mostly on changes to the Sub-Saharan Africa countries, but production is also lowered 0.4 million tons for Argentina and raised 0.3 million tons for Brazil. Global barley production is lowered with a 0.8-million-ton reduction for China. Global millet production is reduced 1.7 million tons with more than half of the decline for India. Global coarse grain trade for 2013/14 is raised with higher corn and sorghum imports. Corn imports are increased for the European Union, Algeria, Iran, Egypt, and Vietnam. In addition to the United States, corn exports are increased for South Africa, Ukraine, Mexico, Russia, and Vietnam. Sorghum imports are raised for China. Global corn consumption is higher with increases in feeding for Argentina, Russia, and Algeria. A redu ction in European Union corn feeding is more than offset by an increase in food, seed, and industrial use. Corn use is also raised for several of the Sub-Saharan Africa countries led by increases of 1.0 million tons for Uganda and 0.9 million tons for Ethiopia. World corn ending sto cks for 2013/14 are lowered 0.5 million tons with reductions for the United States and Ukraine outweighing increases for Brazil, Russia, and several other countries. RICE: No changes are made on the supply side of the U.S. all rice and rice-by-class 2013/14 balance sheets. Total 2013/14 all rice use is raised 1.0 million cwt to 221.0 million—all on the combined medium- and short-grain rice side. All rice domestic and residual use is increased 4.0 million cwt to 124.0 million with long-grain and combined medium- and short-grain domestic and residual use each raised 2.0 million to 91.0 milli on and 33.0 million, respectively. Partially offsetting the increase in domestic and residual use is a 3.0 million cwt decline in projected total exports to 97.0 million—the lowest since 2008/09. The 2013/14 long-grain export projection is lowered 2.0 million cwt to 65.0 million, and comb ined medium- and short-grain exports are lowered 1.0 million to 32.0 million. The rough rice export pr ojection is lowered 2.0 million to 33.0 million, and milled exports are lowered 1.0 million (rough-eq uivalent basis) to 64.0 million. The export pace has dropped off to some markets in the Western Hemisphere including Venezuela, Nicaragua, Costa Rica, and Haiti, largely due to stronger competition from exporters in South WASDE-528-3 America and Vietnam. Additionally, U.S. exports to African markets and Japan have been slower than expected. The increase in domestic and residual use is based primarily on total use implied from the March 1 rice stocks, as reported by the National Agricultural Statistics Service on March 31. USDA’s March 1 rice stocks were lower than expected and lower than most trade expectations. The all rice 2013/14 August 1 stocks are lowered 1.0 million cw t to 27.3 million, the lowest since 2003/04—all in combined medium- and short-grain stocks. The 2013/14 long-grain season-average price range is forecast at $15.30 to $15.90 per cwt, unchanged from last month, and with the midpoint forecast at $15.60 per cwt—the highest on record (series starts in 1982/83). The medium- and short-grain season-average price range is forecast at $19.70 to $20.30 per cwt, up $1.00 per cwt on each end of the range from a month ago, and with the midpoint forecast at $20.00 per cwt— the highest price since the 2008/09 record of $24.80 per cwt. The all rice season-average price range is forecast at $16.60 to $17.20 per cwt, up 30 cents on each end of the range, and with t he midpoint at $16.90 per cwt—the highest price on record. The reduced prospects for 2014/15 medium- and short-grain production in the Sacramento Valley of California due to drought and reduced irrigation supplies have significantly raised medium-grain prices in California. USDA’s Prospective Plantings (March 31) reported intended plantings of medium-grain rice in Ca lifornia at 420,000 acres, down 18 percent from the previous year and the smallest since 1998. Additionally, old-crop supplies of medium-grain rice in California are drawing down, tightening the current s upply situation. Finally, Australia’s drought is also increasing medium-grain prices as Australia is a major exporter of medium-grain rice and a primary U.S. export competitor. The global 2013/14 rice supply and use balance sheet has changed little compared to a month ago, despite many country-level supply and use changes. World rice production is increased 0.8 million tons to a record 475.6 million tons, primarily due to larger projections for Brazil, Pakistan, and Sub-Saharan Africa. Global consumption is raised 0.5 million tons, largely due to increases for Brazil, South Korea, Sub-Saharan Africa, Vietnam, and the United States. Global rice trade for 2013/14 is nearly unchanged from a month ago at 40.8 million tons; however, there were some significant country-level changes including increases in exports for Pakistan and Thailand; and decreases for Vietnam and the United States. On the importer side, projected rice imports for 2013/14 are raised for Bangladesh, China, Vietnam, and Sub-Saharan Africa. Global 2013/14 ending stocks at 111.2 million tons are down 0.5 mill ion from last month, but up 1.0 million from the prior year. Ending stocks projections are raised for China, Brazil, and the European Union, but reduced for Pakistan, Thailand, Vietnam, and the United States. OILSEEDS: U.S. soybean supplies for 2013/14 are proj ected at 3.49 billion bushels, up 30 million on increased imports. Imports are projected at a record 65 million bushels based on trade reported through February and prospective large shipments from South America during the second half of the marketing year. Soybean exports for 2013/14 are increased 50 million bushels to 1.58 billion reflecting record year-to-date shipments and large outstanding sales. Despite relatively high prices and record harvests in South America, U.S. exports have remained strong, especially to China, where imports from the United States have already exceeded the previous marketing-year record. Soybean crush is reduced 5 million bushels to 1.685 billion with lower domestic soybean meal consumption more than offsetting a small increase in projected soybean meal exports. Seed use is raised in line with the record plantings reported in the March 31 Prospective Plantings report, while residual use is reduced based on indications from the March 31 Grain Stocks report. U.S. soybean ending stocks are projecte d at 135 million bushels, down 10 million from last month. Projected prices for soybeans and soybean products are all raised this month. The projected WASDE-528-4 range for the season-average soybean price is raised 5 cents at the midpoint to 12.50 to $13.50 per bushel. Soybean oil prices are projected at 38 to 40 cents per pound, up 1.5 cents at the midpoint. Soybean meal prices are projected at $460 to $490 per short ton, up 5 dollars at the midpoint. Global oilseed production for 2013/14 is project ed at 504.5 million tons, up 0.2 million from last month with lower soybean production mostly offsetting increases for other crops. Global soybean production is projected at 284.0 million tons, down 1.4 million from last month but still a record. Brazil soybean production is forecast at 87.5 mil lion tons, down 1.0 million from last month with higher harvested area more than offset by lower yields. Lower yields primarily reflect the effect of warm temperatures and limited rainfall through mid-February in the south. India soybean production is reduced 0.8 million tons to 11.0 mil lion reflecting lower-than-average yields resulting from excessive rainfall during much of the growing season. Changes for other crops include higher rapeseed production for India and the European Union, increased sunflowerseed production for Russia, and increased peanut production for Argentina, Brazil, and India. Global oilseed supplies, exports, and crush for 2013/14 are projected higher this month while ending stocks are projected lower. Higher rapese ed crush in China and higher sunflowerseed crush in Argentina and Russia more than offset reduced soybean crush in the United States, Brazil, and India. Global oilseed stocks are pr ojected at 82.6 million tons, down 1.4 million. SUGAR: Projected U.S. sugar supply for fiscal year 2013/14 is decreased 73,000 short tons, raw value (STRV), from last month, as a result of lo wer production and slightly lower beginning stocks. Sugar production is projected down 71,000 STRV, based on processor reports, with 41,000 of the decline from beet sugar and 30,000 from cane sugar. The 2,000 STRV reduction in 2013/14 beginning stocks reflects minor adjustments to estimated 2012/13 ca ne sugar production and deliveries for food. Projected 2013/14 use is unchanged from March indications. The net reduction in projected 2013/14 ending stocks of 73,000 STRV brings the stocks-to-use ratio down to 13.0 percent, from 13.6 percent projected in March. Supply and use estimates for Mexico for 2012/13 and projections for 2013/14 are unchanged this month. LIVESTOCK, POULTRY, AND DAIRY: The 2014 forecast of total red meat and poultry production is lowered from last month as higher beef production is more than offset by lower pork, broiler, and turkey production. For beef, production is forecast higher as lower forecast slaughter in the first quarter is more than offset by higher slaughter in the second half. The larger forecast second-half slaughter reflects larger placements of cattle during the first half. Pork production is reduced from last month as the Quarterly Hogs and Pigs report estimated a year-over decline in the December- February 2014 pig crop and revised the June-August 2013 pig crop lower. Although producers indicated intentions to increase sows farrowing in March-May and June-August 2014, the loss of piglets due to the Porcine Epidemic Diarrhea virus is expected to result in lower slaughter during the remainder of the year. Although carcass weights are forecast higher, those gains will be insufficient to offset the reduced slaughter numbers and the pork production forecast is reduced from last month. Broiler production and hatchery data points to slower growth in eggs set and chicks placed. Production is also reduced as feed prices are forecast higher. Turkey production for the first quarter is reduced based on February production, but forecasts for production in subsequent quarters are unchanged. Egg production forecasts for 2014 are unchanged. The beef import forecast for 2014 is raised from last month as demand for processing-grade beef remains strong and the export forecast is raised on continued strong sales to Asian markets. Pork imports are raised on high U.S. pork prices, but the export forecast is reduced as tighter supplies WASDE-528-5 and high prices are expected to constrain sales. The broiler export forecast is reduced based on February export data. Turkey exports are lowered on weaker sales. Egg import and export forecasts are lowered. Cattle prices for 2014 are raised from last month, re flecting continued price strength for fed cattle. The hog price forecast is raised on current prices and expected tight supplies of market hogs. Broiler and turkey prices are raised as higher cattle and reduced broiler production support higher prices. The egg price is raised on continued strong demand. The milk production forecast for 2014 is raised from last month as strong returns are expected to encourage a more rapid expansion in cow numbers and increased milk per cow. Fat-basis exports are raised on higher sales of cheese and butter, but the skim-solids export forecast is lowered on weaker-than-expected nonfat dry milk (NDM) sales. Skim-solid imports are reduced slightly due to lower imports of milk protein concentrate and casein. Product price forecasts for cheese, butter, and whey are higher, supported by strong demand and price strength to date. However, the NDM price is unchanged at the midpoint as export demand is weaker than expected. Class III and Class IV pric es are raised on higher product prices. The all milk price is forecast at $22.55-23.05 per cwt. COTTON: The 2013/14 U.S. cotton estimates include lower product ion and ending stocks compared with last month. Production is reduced 320,000 bales to 12.9 million based on USDA’s final Cotton Ginnings report, released March 25. Domestic mill use and exports are unchanged. Ending stocks are reduced to 2.5 million bales, which is the smallest stock level since 1990/91. The stocks-to-use ratio of 17.5 percent is the sm allest since 2010/11. The marketing-year average price received by producers is now forecast at 76 to 79 cents per pound, up 1 cent on both ends of the range, reflecting recent higher market prices. This month’s world cotton 2013/14 estimates f eature a 1.0-million-bale increase in expected imports by China, based on stronger-than-expected imports to date and the likely release of new import quotas. World production is reduced marginally as the decrease for the United States is mostly offset by increases for Brazil, Burkina Faso, and others. Slight historical revisions are made for Australia beginning in 2000/01 based on a review of data sources. World trade is raised 1.2 million bales, as increases in imports by China, Pakistan, and Vietnam are partially offset by reductions for India and Indonesia. Exports are raised for Australia, India, and Burkina Faso, but are lowered for Brazil and Pakistan. World stocks are raised marginally. Approved by the Secretary of Agriculture and the Chairperson of the World Agricultural Outlook Board, Gerald A. Bange, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: KRYSTA HARDEN ACTING SECRETARY OF AGRICULTURE WASDE-528-6 INTERAGENCY COMMODIT Y ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Jerry Norton, IC EC Chair, WAOB, email : [email protected] Gary Vocke, ERS; Tere sa McKeivier, FAS; William Chambers, FSA. Rice: Andrew C. Aaronson , ICEC Chair, WAOB, email : [email protected] Nathan Childs, ERS; Debbie Ru bas, FAS; Mark Simone, FSA. Feed Grains: Jerry Norton, ICEC Chair, WAOB, email : [email protected] Thomas Capehart, ERS; Richard O’Me ara, FAS; Pete Riley, FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, email : [email protected] Mark Ash, ERS; Bill George , FAS; Dale Leuck, FSA. Cotton: Carol Skelly, ICEC Chair, WAOB, email : [email protected] Darryl Earnest, AMS; Leslie Me yer, ERS; James Johnson, FAS; Scott Sanford, FSA. Sugar: David Stallings, Acti ng ICEC Chair, WAOB, email : [email protected] Stephen Haley, ERS; Ron Lord, FAS; Barb ara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, email : [email protected] Sherry Wise, AMS; Kenneth Mathews, ERS; Claire Mezoughem, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, email : [email protected] Larry Haller, AMS; Davi d Harvey, ERS; Lazaro Sandoval, FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, email : [email protected] Jerry Cessna, AMS; Roger Ho skin, ERS; Paul Kiendl, F AS; Milton Madison, FSA. For 2014, the WASDE report release dates are: Jan 10, Feb 10, Mar 10, Apr 9, May 9, June 11, July 11, Aug 12, Sept 11, Oct 10, Nov 10, Dec 10. WASDE-528-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................... 1 Interagency Commodity Estimates Committees ..................................................... 6 World & U.S. Supply & Use for Grains ................................................................... 8 World & U.S. Supply & Use for Cotton ................................................................... 9 World & U.S. Supply & Use for Oilseeds .............................................................. 10 U.S. Wheat Supply & Use .................................................................................... 11 U.S. Wheat Supply & Use by Class ..................................................................... 11 U.S. Feed Grain & Corn Supply & Use ................................................................ 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13 U.S. Rice Supply & Use ....................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................ 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ............................................................................. 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use .................................................................................. 18 World Coarse Grains Supply & Use ..................................................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use ..................................................................................... 24 World Cotton Supply & Use ................................................................................. 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ..................................................................... 29 World Soybean Oil Supply & Use......................................................................... 30 U.S. Quarterly Animal Product Production ........................................................... 31 U.S. Quarterly Prices for Animal Products ........................................................... 31 U.S. Meats Supply and Use ................................................................................. 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use .................................................................................... 33 U.S. Dairy Prices ................................................................................................. 34 Reliability Tables ................................................................................................. 35 Related USDA Reports ........................................................................................ 38 Metric Conversion Factors ................................................................................... 38 Electronic Access and Subscriptions ....................................................................... 40 April 2014 WASDE - 528 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Outpu tTotal Supply Trade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2011/12 2318.91 2784.01 344.25 2311.90 472.11 2012/13 (Est.) 2264.01 2736.12 299.14 2284.61 451.51 filler filler filler filler filler 2013/14 (Proj.) Mar 2448.25 2899.58 349.69 2412.61 486.97 2013/14 (Proj.) Apr 2452.14 2903.64 353.56 2413.59 490.06 filler filler filler filler filler Wheat 2011/12 697.04 895.97 157.78 697.08 198.89 2012/13 (Est.) 656.50 855.38 137.40 678.79 176.60 filler filler filler filler filler 2013/14 (Proj.) Mar 712.72 888.63 162.05 704.82 183.81 2013/14 (Proj.) Apr 712.52 889.12 160.89 702.44 186.68 filler filler filler filler filler Coarse Grains 5/ 2011/12 1154.95 1321.57 146.69 1155.04 166.54 2012/13 (Est.) 1136.25 1302.79 122.59 1138.05 164.73 filler filler filler filler filler 2013/14 (Proj.) Mar 1260.77 1425.21 146.71 1233.75 191.46 2013/14 (Proj.) Apr 1264.04 1428.77 151.77 1236.59 192.18 filler filler filler filler filler Rice, milled 2011/12 466.92 566.47 39.79 459.79 106.68 2012/13 (Est.) 471.27 577.95 39.15 467.77 110.18 filler filler filler filler filler 2013/14 (Proj.) Mar 474.76 585.74 40.93 474.03 111.71 2013/14 (Proj.) Apr 475.57 585.75 40.91 474.56 111.19 filler filler filler filler filler United States Outpu t Total SupplyTrade 2 /Total Use 3/Ending Stocks Total Grains 4/ 2011/12 384.01 447.82 72.83 325.65 49.34 2012/13 (Est.) 354.01 414.06 51.55 318.29 44.23 filler filler filler filler filler 2013/14 (Proj.) Mar 433.51 486.08 80.79 349.28 56.01 2013/14 (Proj.) Apr 433.51 485.83 84.42 348.22 53.19 filler filler filler filler filler Wheat 2011/12 54.41 80.93 28.61 32.11 20.21 2012/13 (Est.) 61.67 85.22 27.42 38.27 19.54 filler filler filler filler filler 2013/14 (Proj.) Mar 57.96 82.13 31.98 34.96 15.19 2013/14 (Proj.) Apr 57.96 81.99 31.98 34.14 15.87 filler filler filler filler filler Coarse Grains 5/ 2011/12 323.73 358.89 41.03 290.05 27.82 2012/13 (Est.) 286.01 320.53 20.73 276.27 23.53 filler filler filler filler filler 2013/14 (Proj.) Mar 369.43 395.98 45.59 310.48 39.91 2013/14 (Proj.) Apr 369.43 395.87 49.32 310.12 36.43 filler filler filler filler filler Rice, milled 2011/12 5.87 8.00 3.20 3.49 1.30 2012/13 (Est.) 6.34 8.31 3.40 3.75 1.16 filler filler filler filler filler 2013/14 (Proj.) Mar 6.12 7.97 3.22 3.84 0.91 2013/14 (Proj.) Apr 6.12 7.97 3.12 3.97 0.88 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). April 2014 WASDE - 528 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Outpu tTotal Supply Trade 2 /Total UseEnding Stocks Total Grains 4/ 2011/12 1,934.90 2,336.19 271.42 1,986.25 422.77 2012/13 (Est.) 1,910.00 2,322.06 247.59 1,966.32 407.28 filler filler filler filler filler 2013/14 (Proj.) Mar 2,014.74 2,413.50 268.90 2,063.33 430.97 2013/14 (Proj.) Apr 2,018.63 2,417.81 269.14 2,065.36 436.87 filler filler filler filler filler Wheat 2011/12 642.63 815.04 129.18 664.97 178.68 2012/13 (Est.) 594.82 770.16 109.98 640.52 157.06 filler filler filler filler filler 2013/14 (Proj.) Mar 654.75 806.51 130.07 669.87 168.62 2013/14 (Proj.) Apr 654.56 807.13 128.91 668.30 170.81 filler filler filler filler filler Coarse Grains 5/ 2011/12 831.22 962.68 105.66 864.99 138.72 2012/13 (Est.) 850.24 982.26 101.86 861.78 141.20 filler filler filler filler filler 2013/14 (Proj.) Mar 891.34 1,029.22 101.12 923.27 151.55 2013/14 (Proj.) Apr 894.61 1,032.90 102.45 926.47 155.75 filler filler filler filler filler Rice, milled 2011/12 461.05 558.48 36.59 456.29 105.38 2012/13 (Est.) 464.93 569.64 35.75 464.02 109.02 filler filler filler filler filler 2013/14 (Proj.) Mar 468.64 577.77 37.71 470.20 110.80 2013/14 (Proj.) Apr 469.46 577.78 37.78 470.59 110.32 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales Outpu tTotal Supply Trade 2 /Total Use 3 /Ending Stocks World 2011/12 126.64 177.00 46.02 102.86 73.44 2012/13 (Est.) 123.02 196.46 46.66 106.45 89.65 2013/14 (Proj.) Mar 116.68 205.84 38.45 109.21 96.75 2013/14 (Proj.) Apr 116.62 206.28 39.60 109.45 96.92 United States 2011/12 15.57 18.19 11.71 3.30 3.35 2012/13 (Est.) 17.32 20.68 13.03 3.50 3.90 2013/14 (Proj.) Mar 13.19 17.10 10.70 3.60 2.80 2013/14 (Proj.) Apr 12.87 16.78 10.70 3.60 2.50 Foreign 4/ 2011/12 111.07 158.81 34.30 99.56 70.09 2012/13 (Est.) 105.71 175.79 33.64 102.95 85.75 2013/14 (Proj.) Mar 103.49 188.74 27.75 105.61 93.95 2013/14 (Proj.) Apr 103.75 189.50 28.90 105.85 94.42 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. April 2014 WASDE - 528 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Outpu tTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2011/12 447.30 531.70 111.23 395.79 65.21 2012/13 (Est.) 474.56 539.77 118.39 396.51 67.49 2013/14 (Proj.) Mar 504.30 571.55 127.77 414.11 84.03 2013/14 (Proj.) Apr 504.53 572.02 129.38 414.92 82.61 Oilmeals 2011/12 267.34 278.39 80.14 262.98 12.70 2012/13 (Est.) 268.13 280.83 78.02 264.18 11.22 2013/14 (Proj.) Mar 280.20 291.85 83.39 274.20 12.95 2013/14 (Proj.) Apr 280.18 291.41 83.20 273.89 12.70 Vegetable Oils 2011/12 157.41 172.45 63.39 152.76 17.94 2012/13 (Est.) 160.71 178.65 67.45 158.33 17.71 2013/14 (Proj.) Mar 168.98 186.98 69.53 164.64 20.32 2013/14 (Proj.) Apr 169.53 187.24 68.76 165.25 19.49 United States Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2011/12 92.35 100.94 37.78 50.35 5.57 2012/13 (Est.) 93.14 100.20 36.94 50.24 5.76 2013/14 (Proj.) Mar 97.32 104.98 42.41 50.05 5.62 2013/14 (Proj.) Apr 97.32 105.88 43.86 49.98 5.24 Oilmeals 2011/12 39.52 42.93 9.16 33.43 0.34 2012/13 (Est.) 38.66 42.38 10.43 31.64 0.31 2013/14 (Proj.) Mar 38.74 42.56 10.23 32.00 0.34 2013/14 (Proj.) Apr 38.68 42.50 10.27 31.89 0.34 Vegetable Oils 2011/12 10.04 15.48 1.15 12.79 1.54 2012/13 (Est.) 10.21 15.55 1.39 13.00 1.16 2013/14 (Proj.) Mar 10.15 15.45 0.99 13.34 1.12 2013/14 (Proj.) Apr 10.15 15.41 0.99 13.30 1.12 filler filler filler filler filler Foreign 3/ Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2011/12 354.95 430.76 73.45 345.44 59.64 2012/13 (Est.) 381.42 439.57 81.45 346.27 61.73 2013/14 (Proj.) Mar 406.98 466.57 85.37 364.06 78.42 2013/14 (Proj.) Apr 407.20 466.14 85.52 364.94 77.37 Oilmeals 2011/12 227.83 235.46 70.98 229.55 12.36 2012/13 (Est.) 229.47 238.44 67.58 232.55 10.91 2013/14 (Proj.) Mar 241.46 249.30 73.16 242.21 12.61 2013/14 (Proj.) Apr 241.50 248.91 72.93 242.00 12.36 Vegetable Oils 2011/12 147.37 156.97 62.25 139.97 16.40 2012/13 (Est.) 150.50 163.10 66.06 145.33 16.55 2013/14 (Proj.) Mar 158.83 171.53 68.54 151.31 19.20 2013/14 (Proj.) Apr 159.38 171.82 67.76 151.95 18.37 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. April 2014 WASDE - 528 - 11 U.S. Wheat Supply and Use 1/ 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Mar Apr Million Acres Area Planted 54.4 55.7 56.2 56.2 Area Harvested 45.7 48.9 45.2 45.2 Bushels Yield per Harvested Acre 43.7 46.3 47.2 47.2 Million Bushels Beginning Stocks 862 743 718 718 Production 1,999 2,266 2,130 2,130 Imports 112 123 170 165 Supply, Total 2,974 3,131 3,018 3,013 Food 941 945 960 960 Seed 76 73 74 74 Feed and Residual 162 388 250 220 Domestic, Total 1,180 1,406 1,284 1,254 Exports 1,051 1,007 1,175 1,175 Use, Total 2,231 2,414 2,459 2,429 Ending Stocks 743 718 558 583 CCC Inventory 0000 Free Stocks 743 718 558 583 Outstanding Loans 8855 Avg. Farm Price ($/bu) 2/ 7.24 7.77 6.75 - 6.95 6.75 - 6.95 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red WinterHard Red SpringSoft Red Winte r White Durum Total Millio n Bushel s 2012/13 (Est.) Beginning Stocks 317 151 185 64 25 743 Production 1,000 505 420 259 83 2,266 Supply, Total 3/ 1,335 699 623 330 144 3,131 Domestic Use 612 303 306 93 93 1,406 Exports 380 232 193 174 29 1,007 Use, Total 992 534 499 267 121 2,414 Ending Stocks, Total 343 165 124 63 23 718 2013/14 (Proj.) Beginning Stocks 343 165 124 63 23 718 Production 744 490 565 268 62 2,130 Supply, Total 3/ 1,104 730 711 339 128 3,013 Domestic Use 461 296 296 120 81 1,254 Exports 450 245 290 165 25 1,175 Use, Total 911 541 586 285 106 2,429 Ending Stocks, Total Apr 193 189 125 54 22 583 Ending Stocks, Total Mar 181 174 127 49 26 558 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing-year weighted average price received by farmers. 3/ Includes imports. April 2014 WASDE - 528 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Mar Apr Million Acres Area Planted 102.5 109.8 109.9 109.9 Area Harvested 91.1 96.6 98.2 98.2 Metric Tons Yield per Harvested Acre 3.55 2.96 3.76 3.76 Million Metric Tons Beginning Stocks 32.3 27.8 23.5 23.5 Production 323.6 285.8 369.2 369.2 Imports 2.7 6.5 2.8 2.7 Supply, Total 358.6 320.1 395.5 395.4 Feed and Residual 119.8 115.4 140.5 140.3 Food Seed & Industrial 169.9 160.5 169.6 169.4 Domestic, Total 289.7 275.9 310.1 309.7 Exports 41.0 20.7 45.6 49.3 Use, Total 330.7 296.6 355.7 359.0 Ending Stocks 27.8 23.5 39.9 36.4 CCC Inventory 0.0 0.0 0.0 0.0 Free Stocks 27.8 23.5 39.9 36.4 Outstanding Loans 1.1 0.8 1.3 1.3 CORN 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Marc h April Million Acres Area Planted 91.9 97.2 95.4 95.4 Area Harvested 84.0 87.4 87.7 87.7 Bushels Yield per Harvested Acre 147.2 123.4 158.8 158.8 Million Bushels Beginning Stocks 1,128 989 821 821 Production 12,360 10,780 13,925 13,925 Imports 29 162 35 35 Supply, Total 13,517 11,932 14,781 14,781 Feed and Residual 4,557 4,333 5,300 5,300 Food, Seed & Industrial 2/ 6,428 6,046 6,400 6,400 Ethanol & by-products 3/ 5,000 4,648 5,000 5,000 Domestic, Total 10,985 10,379 11,700 11,700 Exports 1,543 731 1,625 1,750 Use, Total 12,528 11,111 13,325 13,450 Ending Stocks 989 821 1,456 1,331 CCC Inventory 0000 Free Stocks 989 821 1,456 1,331 Outstanding Loans 41 32 50 50 Avg. Farm Price ($/bu) 4/ 6.22 6.89 4.25 - 4.75 4.40 - 4.80 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access th e data on the Web through the Feed Grains Database at www.ers.usda.gov/data-products/feed-grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average pr ice received by farmers. April 2014 WASDE - 528 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Mar Apr Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 5.5 6.2 8.1 8.1 Area Harvested (mil. acres) 3.9 5.0 6.5 6.5 Yield (bushels/acre) 54.6 49.8 59.6 59.6 Beginning Stocks 27 23 15 15 Production 214 247 389 389 Imports 01 0 0 0 Supply, Total 242 279 404 404 Feed and Residual 71 93 125 110 Food, Seed & Industrial 85 95 100 95 Total Domestic 156 188 225 205 Exports 63 76 160 180 Use, Total 219 264 385 385 Ending Stocks 23 15 19 19 Avg. Farm Price ($/bu) 2/ 5.99 6.33 4.05 - 4.45 4.15 - 4.55 Filler Filler Filler Filler Filler BARLEY 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Marc h April Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.6 3.6 3.5 3.5 Area Harvested (mil. acres) 2.2 3.2 3.0 3.0 Yield (bushels/acre) 69.6 67.9 71.7 71.7 Beginning Stocks 89 60 80 80 Production 156 220 215 215 Imports 16 23 20 15 Supply, Total 261 304 315 310 Feed and Residual 38 59 60 60 Food, Seed & Industrial 155 155 155 155 Total Domestic 193 214 215 215 Exports 9 9 10 12 Use, Total 201 223 225 227 Ending Stocks 60 80 90 83 Avg. Farm Price ($/bu) 2/ 5.35 6.43 5.95 - 6.25 6.00 - 6.20 Filler Filler Filler Filler Filler OATS 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Marc h April Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.5 2.8 3.0 3.0 Area Harvested (mil. acres) 0.9 1.0 1.0 1.0 Yield (bushels/acre) 57.1 61.3 64.0 64.0 Beginning Stocks 68 55 36 36 Production 54 64 66 66 Imports 94 93 85 85 Supply, Total 215 212 187 187 Feed and Residual 82 98 80 90 Food, Seed & Industrial 76 76 75 75 Total Domestic 158 174 155 165 Exports 2122 Use, Total 160 176 157 167 Ending Stocks 55 36 30 20 Avg. Farm Price ($/bu) 2/ 3.49 3.89 3.60 - 3.80 3.65 - 3.75 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. April 2014 WASDE - 528 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Mar Apr Million Acres Area Planted 2.69 2.70 2.49 2.49 Area Harvested 2.62 2.68 2.47 2.47 Filler Pounds Yield per Harvested Acre 7,067 7,449 7,694 7,694 Million Hundredweight Beginning Stocks 2/ 48.5 41.1 36.4 36.4 Production 184.9 199.5 189.9 189.9 Imports 19.4 21.1 22.0 22.0 Supply, Total 252.8 261.7 248.3 248.3 Domestic & Residual 3/ 110.8 118.2 120.0 124.0 Exports, Total 4/ 100.9 107.1 100.0 97.0 Rough 32.9 34.2 35.0 33.0 Milled (rough equiv.) 67.9 72.9 65.0 64.0 Use, Total 211.7 225.3 220.0 221.0 Ending Stocks 41.1 36.4 28.3 27.3 Avg. Milling Yield (%) 5/ 69.93 70.00 71.00 71.00 Avg. Farm Price ($/cwt) 6/ 14.50 15.10 16.30 - 16.90 16.60 - 17.20 Total LONG-GRAIN RICE 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Marc h April Harvested Acres (mil.) 1.74 1.98 1.77 1.77 Yield (pounds/acre) 6,691 7,285 7,464 7,464 Beginning Stocks 35.6 24.3 21.9 21.9 Production 116.4 144.2 131.9 131.9 Supply, Total 7/ 168.9 187.2 172.3 172.3 Domestic & Residual 3/ 78.0 89.2 89.0 91.0 Exports 8/ 66.7 76.1 67.0 65.0 Use, Total 144.7 165.3 156.0 156.0 Ending Stocks 24.3 21.9 16.3 16.3 Avg. Farm Price ($/cwt) 6/ 13.40 14.50 15.30 - 15.90 15.30 - 15.90 Filler Filler Filler Filler Filler MEDIUM & SHORT-GRAIN RICE 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Marc h April Harvested Acres (mil.) 0.88 0.70 0.70 0.70 Yield (pounds/acre) 7,812 7,912 8,272 8,272 Beginning Stocks 10.1 14.7 12.2 12.2 Production 68.6 55.4 58.0 58.0 Supply, Total 7/ 81.7 72.2 73.7 73.7 Domestic & Residual 3/ 32.8 29.0 31.0 33.0 Exports 8/ 34.2 31.0 33.0 32.0 Use, Total 67.0 60.0 64.0 65.0 Ending Stocks 14.7 12.2 9.7 8.7 Avg. Farm Price ($/cwt) 6/ 9/ 17.10 17.40 18.70 - 19.30 19.70 - 20.30 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Incl udes the following quantities of bro ken kernel rice (type undetermined) not included in estimates of beginning st ocks by type (in mil. cwt): 2011/12-2.7 ; 2012/13-2.1; 2013/14-2.3. 3/ Residual include s unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and en ding stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ E xpressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. Data supplied by the USA Rice Federation for years prior to 2013/14 . The 2013/14 milling yield is calculated using Farm Service Agen cy (FSA) warehouse stored loan data for long, medium, and short grain rice. The year-to-year change in the FSA average all rice milling yield is applied to the WASDE reported 2012/13 milling yield to calculate the 2013/14 forecasted average milling yield. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short-grain season- average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool i s marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the fi nal price may differ. For example, the average difference betw een the August WASDE SAFP forecast and the final price has averaged $1.63 per cwt from 2008/09 through 2012/13, w ith a high of $3.50 per cwt in 2008/09 a nd a low of $0.60 per cwt in 2009/10. April 2014 WASDE - 528 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Mar Apr Filler Filler Filler Filler Filler Million Acres Area Planted 75.0 77.2 76.5 76.5 Area Harvested 73.8 76.2 75.9 75.9 Filler Bushels Yield per Harvested Acre 41.9 39.8 43.3 43.3 Million Bushels Beginning Stocks 215 169 141 141 Production 3,094 3,034 3,289 3,289 Imports 16 36 35 65 Supply, Total 3,325 3,239 3,464 3,494 Crushings 1,703 1,689 1,690 1,685 Exports 1,365 1,320 1,530 1,580 Seed 90 89 87 95 Residual -2 1 12 0 Use, Total 3,155 3,099 3,319 3,360 Ending Stocks 169 141 145 135 Avg. Farm Price ($/bu) 2/ 12.50 14.40 12.20 - 13.70 12.50 - 13.50 Total SOYBEAN OIL 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Marc h April Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 2,425 2,540 1,705 1,705 Production 19,740 19,820 19,720 19,665 Imports 149 196 200 200 Supply, Total 22,314 22,556 21,625 21,570 Domestic Disappearance 18,310 18,686 18,550 18,450 Biodiesel 3/ 4,874 4,617 4,900 4,800 Food, Feed & other Industrial 13,436 14,069 13,650 13,650 Exports 1,464 2,164 1,500 1,550 Use, Total 19,774 20,851 20,050 20,000 Ending stocks 2,540 1,705 1,575 1,570 Avg. Price (c/lb) 2/ 51.90 47.13 36.00 - 39.00 38.00 - 40.00 Total SOYBEAN MEAL 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Marc h April Filler 1 2 3 4 Thousand Shor t Tons Beginning Stocks 350 300 275 275 Production 41,025 39,875 40,110 40,010 Imports 216 245 215 215 Supply, Total 41,591 40,420 40,600 40,500 Domestic Disappearance 31,548 29,031 29,400 29,200 Exports 9,743 11,114 10,900 11,000 Use, Total 41,291 40,145 40,300 40,200 Ending Stocks 300 275 300 300 Avg. Price ($/s.t.) 2/ 393.53 468.11 450.00 - 490.00 460.00 - 490.00 Total Note: Totals may not add due to rounding. Re liability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oi l, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made fr om methyl ester as reported by the U.S. Energy Information Administration. April 2014 WASDE - 528 - 16 U.S. Sugar Supply and Use 1/ 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Mar Apr Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 1,378 1,979 2,160 2,158 Production 2/ 8,485 8,982 8,715 8,644 Beet Sugar 4,895 5,076 5,025 4,984 Cane Sugar 3,590 3,906 3,690 3,660 Florida 1,828 1,867 1,765 1,740 Hawaii 172 179 190 190 Louisiana 1,440 1,686 1,600 1,600 Texas 150 173 135 130 Imports 3,631 3,224 3,184 3,184 TRQ 3/ 1,883 957 1,319 1,319 Other Program 4/ 664 136 110 110 Other 5/ 1,084 2,131 1,755 1,755 Mexico 1,071 2,124 1,745 1,745 Total Supply 13,494 14,184 14,059 13,987 Exports 269 274 325 325 Deliveries 11,246 11,752 12,051 12,051 Food 6/ 11,073 11,487 11,600 11,600 Other 7/ 173 265 451 451 Miscellaneous 0000 Total Use 11,515 12,026 12,376 12,376 Ending Stocks 8/ 1,979 2,158 1,683 1,610 Stocks to Use Ratio 17.2 17.9 13.6 13.0 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2013/14 are based on Crop Production and processor projections where appropriate. 3/ For 2012/13, WTO TRQ shortfall (566). For 2013/14, WTO TRQ shortfall (250). 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ For 2011/12, other high-tier (13) and other (0). For 2012/13, other high-tier (7) and other (0). For 2013/14, other high-tier (10) and othe r (0). 6/Combines SMD deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar-containing products for reexport, and for nonedible alcohol, feed, and ethanol. 8/ For 2012/13, includes 316,415 short tons, raw value, of stocks held by the Commodity Credit Corporation. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ ExportsEnding Stocks Sugar 1,000 Metric Tons, Actual Weight 2012/13 Est. Mar 966 6,975 217 4,726 1,972 1,460 2012/13 Est. Apr 966 6,975 217 4,726 1,972 1,460 2013/14 Proj. Mar 1,460 6,350 226 4,690 2,399 947 2013/14 Proj. Apr 1,460 6,350 226 4,690 2,399 947 1/ HFCS imports by Mexico (1,000 metric tons, dry basis): Oct-Sep 2012/13 = 1,105; Oct 2012-Feb 2013 = 462; Oct 2013-Feb 2014 = 354. Footnote source: Comite Nacional para el Desa rollo Sustentable de la Cana de Azucar. 2/Includes domestic consumption, Mexico's products export program (IMMEX), and any residual statistical discrepancies. IMMEX: 2012/13 (375 est), 2013/14 (384 proj). April 2014 WASDE - 528 - 17 U.S. Cotton Supply and Use 1/ 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Mar Apr Filler Filler Filler Filler Filler Area Million Acres Planted 14.74 12.31 10.41 10.41 Harvested 9.46 9.37 7.66 7.66 Filler Pounds Yield per Harvested Acre 790 887 826 806 Million 480 Pound Bales Beginning Stocks 2.60 3.35 3.90 3.90 Production 15.57 17.32 13.19 12.87 Imports 0.02 0.01 0.01 0.01 Supply, Total 18.19 20.68 17.10 16.78 Domestic Use 3.30 3.50 3.60 3.60 Exports, Total 11.71 13.03 10.70 10.70 Use, Total 15.01 16.53 14.30 14.30 Unaccounted 2/ -0.17 0.25 0.00 -0.02 Ending Stocks 3.35 3.90 2.80 2.50 Avg. Farm Price 3/ 88.3 72.5 75.0 - 78.0 76.0 - 79.0 Total Note: Reliability calculations at end of report. 1/ Upland an d extra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. April 2014 WASDE - 528 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2011/12 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 198.93 697.04 149.32 146.87 697.08 157.78 198.89 United States 23.47 54.41 3.05 4.42 32.11 28.61 20.21 Total Foreign 175.46 642.63 146.27 142.45 664.97 129.18 178.68 Major Exporters 4/ 31.58 208.88 7.98 65.50 149.54 71.63 27.27 Argentina 4.11 15.50 0.01 0.10 5.95 12.93 0.74 Australia 8.18 29.91 0.12 3.20 6.51 24.66 7.05 Canada 7.36 25.29 0.49 4.70 9.85 17.35 5.93 European Union 5/ 11.93 138.18 7.37 57.50 127.23 16.69 13.56 Major Importers 6/ 89.45 188.58 80.31 38.28 261.77 7.70 88.88 Brazil 1.85 5.80 7.34 0.50 11.20 2.04 1.75 China 59.09 117.40 2.93 24.00 122.50 0.98 55.95 Sel. Mideast 7/ 7.78 17.70 16.31 3.93 34.08 1.33 6.39 N. Africa 8/ 12.19 18.31 24.90 3.48 40.87 0.44 14.09 Pakistan 3.17 25.00 0.05 0.40 23.10 1.10 4.02 Southeast Asia 9/ 4.00 0.00 17.41 3.98 16.02 0.73 4.66 Selected Other 0.00 India 15.36 86.87 0.02 3.10 81.40 0.89 19.95 FSU-12 23.61 115.03 8.02 27.90 79.87 39.77 27.03 Russia 13.74 56.24 0.55 15.50 38.00 21.63 10.90 Kazakhstan 2.88 22.73 0.01 2.60 7.60 11.84 6.18 Ukraine 3.34 22.32 0.08 6.10 14.95 5.44 5.36 2012/13 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 198.89 656.50 144.04 136.59 678.79 137.40 176.60 United States 20.21 61.67 3.34 10.57 38.27 27.42 19.54 Total Foreign 178.68 594.82 140.70 126.02 640.52 109.98 157.06 Major Exporters 4/ 27.27 192.84 5.89 59.09 142.03 63.80 20.17 Argentina 0.74 9.30 0.01 0.30 6.20 3.55 0.29 Australia 7.05 22.46 0.14 3.40 6.74 18.66 4.24 Canada 5.93 27.21 0.48 4.39 9.59 18.98 5.05 European Union 5/ 13.56 133.88 5.26 51.00 119.50 22.62 10.58 Major Importers 6/ 88.88 187.34 79.14 35.29 264.64 6.48 84.25 Brazil 1.75 4.38 7.36 0.20 10.90 1.58 1.00 China 55.95 121.02 2.96 25.00 125.00 0.97 53.96 Sel. Mideast 7/ 6.39 17.32 20.43 2.75 34.27 0.70 9.16 N. Africa 8/ 14.09 17.23 22.16 2.38 41.44 0.61 11.45 Pakistan 4.02 23.30 0.05 0.60 23.90 0.85 2.62 Southeast Asia 9/ 4.66 0.00 15.76 2.94 15.61 0.77 4.05 Selected Other 0.00 India 19.95 94.88 0.02 3.40 83.82 6.82 24.20 FSU-12 27.03 77.35 7.23 20.76 71.40 25.50 14.71 Russia 10.90 37.72 1.17 11.90 33.55 11.29 4.95 Kazakhstan 6.18 9.84 0.01 2.00 6.80 6.29 2.94 Ukraine 5.36 15.76 0.05 3.10 11.40 7.19 2.58 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to re flect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeas t Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2014 WASDE - 528 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2013/14 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Mar 175.92 712.72 155.03 134.95 704.82 162.05 183.81 Apr 176.60 712.52 153.31 132.88 702.44 160.89 186.68 United States Mar 19.54 57.96 4.63 6.80 34.96 31.98 15.19 Apr 19.54 57.96 4.49 5.99 34.14 31.98 15.87 Total Foreign Mar 156.38 654.75 150.41 128.15 669.87 130.07 168.62 Apr 157.06 654.56 148.82 126.90 668.30 128.91 170.81 Major Exporters 4/ Mar 19.67 217.89 4.63 56.70 140.45 74.50 27.23 Apr 20.17 217.89 4.40 57.90 140.40 73.50 28.55 Argentina Mar 0.29 10.50 0.01 0.10 6.05 3.00 1.75 Apr 0.29 10.50 0.01 0.10 6.05 3.00 1.75 Australia Mar 4.24 27.00 0.13 3.60 6.95 19.50 4.92 Apr 4.24 27.00 0.13 3.60 6.95 19.00 5.42 Canada Mar 5.05 37.50 0.49 5.00 10.20 23.00 9.84 Apr 5.05 37.50 0.47 5.20 10.40 22.50 10.12 European Union 5/ Mar 10.08 142.89 4.00 48.00 117.25 29.00 10.72 Apr 10.58 142.89 3.80 49.00 117.00 29.00 11.27 Major Importers 6/ Mar 84.30 194.34 87.09 35.91 268.77 5.51 91.46 Apr 84.25 194.29 85.59 33.87 266.31 5.31 92.51 Brazil Mar 1.00 5.30 7.40 0.60 11.40 0.50 1.80 Apr 1.00 5.30 7.40 0.60 11.40 0.20 2.10 China Mar 53.96 121.72 8.50 25.00 125.50 1.00 57.68 Apr 53.96 121.72 7.00 23.00 123.50 1.00 58.18 Sel. Mideast 7/ Mar 9.28 18.89 20.69 3.48 36.09 0.62 12.15 Apr 9.16 18.91 20.69 3.34 35.98 0.62 12.16 N. Africa 8/ Mar 11.45 20.31 23.40 2.68 42.76 0.68 11.73 Apr 11.45 20.18 23.40 2.68 42.46 0.68 11.89 Pakistan Mar 2.62 24.00 0.70 0.60 24.00 0.60 2.72 Apr 2.62 24.00 0.50 0.60 24.10 0.70 2.32 Southeast Asia 9/ Mar 3.98 0.00 15.90 2.56 15.72 0.82 3.34 Apr 4.05 0.00 15.90 2.56 15.57 0.82 3.56 Selected Other India Mar 24.20 93.51 0.02 4.80 92.23 6.50 19.00 Apr 24.20 93.51 0.02 4.80 92.73 6.00 19.00 FSU-12 Mar 14.46 103.83 7.41 23.34 73.88 34.90 16.92 Apr 14.71 103.75 7.61 23.14 73.78 35.40 16.89 Russia Mar 4.95 52.07 1.00 13.00 34.50 17.50 6.02 Apr 4.95 52.09 1.20 13.00 34.50 17.50 6.24 Kazakhstan Mar 2.94 13.94 0.01 2.50 7.30 6.50 3.09 Apr 2.94 13.94 0.01 2.50 7.30 7.50 2.09 Ukraine Mar 2.18 22.28 0.10 3.50 11.50 10.00 3.06 Apr 2.58 22.28 0.10 3.40 11.50 9.50 3.96 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to re flect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeas t Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2014 WASDE - 528 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2011/12 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 166.62 1,154.95 128.14 657. 90 1,155.04 146.69 166.54 United States 32.29 323.73 2.88 119.88 290.05 41.03 27.82 Total Foreign 134.34 831.22 125.27 538.02 864.99 105.66 138.72 Major Exporters 4/ 25.21 154.42 2.13 74.67 101.61 60.65 19.50 Argentina 5.68 30.11 0.01 6.85 10.51 23.86 1.43 Australia 1.54 12.26 0.00 4.36 5.94 6.92 0.94 Brazil 10.85 75.88 1.09 45.44 53.64 24.34 9.85 Canada 3.55 22.92 0.90 13.04 20.28 3.70 3.40 Major Importers 5/ 37.24 229.53 92.00 235.25 313.30 7.82 37.66 European Union 6/ 16.73 149.88 6.95 113.24 151.46 6.53 15.58 Japan 1.18 0.18 17.73 13.18 17.99 0.00 1.09 Mexico 2.04 25.69 12.81 21.42 37.99 0.69 1.86 N. Afr & Mideast 7/ 10.51 28.01 25.01 44.29 51.86 0.23 11.45 Saudi Arabia 1.65 0.45 10.53 9.13 9.50 0.00 3.13 Southeast Asia 8/ 3.05 25.08 6.75 23.96 31.87 0.37 2.64 South Korea 1.64 0.21 7.73 5.73 8.03 0.00 1.54 Selected Other 0.00 China 50.13 199.30 7.92 132.40 196.99 0.13 60.23 FSU-12 5.48 78.66 1.05 38.62 54.33 24.61 6.24 Russia 1.88 33.08 0.41 18.10 27.73 5.82 1.81 Ukraine 2.15 33.48 0.10 11.70 15.56 17.74 2.42 2012/13 Est. Beginnin g Stock s Productio n Import sDomesti c FeedDomesti c Total 2/ Export s Endin g Stock s World 3/ 166.54 1,136.25 128.28 668. 99 1,138.06 122.59 164.73 United States 27.82 286.01 6.70 115.55 276.27 20.73 23.53 Total Foreign 138.72 850.24 121.58 553.44 861.79 101.86 141.20 Major Exporters 4/ 19.50 169.95 1.91 76.67 104.82 62.10 24.43 Argentina 1.43 37.25 0.01 7.79 11.95 24.05 2.68 Australia 0.94 11.17 0.00 3.63 5.21 6.06 0.84 Brazil 9.85 84.25 1.25 47.04 55.79 24.98 14.59 Canada 3.40 24.43 0.52 13.04 20.27 4.99 3.09 Major Importers 5/ 37.66 227.98 91.80 239.08 318.12 8.04 31.29 European Union 6/ 15.58 145.88 11.84 114.48 153.80 7.36 12.14 Japan 1.09 0.18 17.74 13.22 18.03 0.00 0.98 Mexico 1.86 28.88 7.60 19.33 36.20 0.52 1.62 N. Afr & Mideast 7/ 11.45 27.13 23.30 45.63 52.82 0.07 9.00 Saudi Arabia 3.13 0.35 10.69 10.65 11.13 0.00 3.03 Southeast Asia 8/ 2.64 25.27 7.98 25.06 32.97 0.09 2.83 South Korea 1.54 0.21 8.27 6.53 8.70 0.00 1.32 Selected Other 0.00 China 60.23 212.19 5.60 145.80 211.42 0.11 66.50 FSU-12 6.24 69.14 0.77 36.02 50.90 19.94 5.31 Russia 1.81 28.66 0.31 16.40 25.13 4.30 1.35 Ukraine 2.42 29.53 0.08 10.83 14.56 15.00 2.47 1/ Aggregate of local marketing years. Co arse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing year s, grain in transit, and reportin g discrepancies in some countr ies. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Malays ia, Philippines, Th ailand, and Vietnam. April 2014 WASDE - 528 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2013/14 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Mar 164.43 1,260.77 141.80 739. 31 1,233.75 146.71 191.46 Apr 164.73 1,264.04 144.37 739. 25 1,236.59 151.77 192.18 United States Mar 23.53 369.43 3.02 140.67 310.48 45.59 39.91 Apr 23.53 369.43 2.91 140.43 310.12 49.32 36.43 Total Foreign Mar 140.90 891.34 138.79 598.64 923.27 101.12 151.55 Apr 141.20 894.61 141.46 598.82 926.47 102.45 155.75 Major Exporters 4/ Mar 24.89 161.36 1.86 81.36 111.51 54.79 21.80 Apr 24.43 164.32 1.86 81.36 111.26 54.89 24.46 Argentina Mar 2.95 33.87 0.01 7.74 12.50 21.51 2.82 Apr 2.68 33.47 0.01 8.24 12.70 21.01 2.45 Australia Mar 0.84 12.45 0.00 4.39 6.06 6.33 0.90 Apr 0.84 12.45 0.00 4.09 5.76 6.83 0.70 Brazil Mar 14.42 72.81 1.21 48.36 58.16 20.01 10.27 Apr 14.59 75.11 1.21 48.56 58.36 20.01 12.54 Canada Mar 3.09 28.74 0.54 15.74 23.24 4.93 4.20 Apr 3.09 28.74 0.54 15.24 22.64 4.53 5.20 Major Importers 5/ Mar 31.81 246.20 101.28 255.15 335.29 9.18 34.82 Apr 31.29 246.79 103.48 255.05 336.69 9.58 35.29 European Union 6/ Mar 12.44 158.77 11.38 121.35 160.97 8.06 13.56 Apr 12.14 158.77 12.38 120.85 161.97 8.06 13.26 Japan Mar 0.98 0.18 18.54 13.92 18.73 0.00 0.97 Apr 0.98 0.18 18.54 13.92 18.73 0.00 0.97 Mexico Mar 1.62 29.64 12.05 22.72 39.99 0.30 3.03 Apr 1.62 29.84 11.95 22.62 39.89 0.50 3.03 N. Afr & Mideast 7/ Mar 9.10 30.74 24.36 47.94 55.21 0.29 8.69 Apr 9.00 30.69 25.46 48.44 55.71 0.29 9.14 Saudi Arabia Mar 3.03 0.36 12.00 11.03 11.60 0.00 3.79 Apr 3.03 0.36 12.00 11.03 11.60 0.00 3.79 Southeast Asia 8/ Mar 2.84 26.23 8.92 26.47 34.47 0.54 2.98 Apr 2.83 26.63 9.12 26.47 34.47 0.74 3.37 South Korea Mar 1.39 0.21 9.59 7.55 9.82 0.00 1.37 Apr 1.32 0.21 9.59 7.55 9.82 0.00 1.30 Selected Other China Mar 66.37 224.91 10.88 160.65 228.78 0.13 73.25 Apr 66.50 224.31 11.28 160.55 228.48 0.13 73.48 FSU-12 Mar 5.27 87.62 0.87 41.32 57.65 27.54 8.58 Apr 5.31 88.95 0.95 42.20 58.53 28.24 8.44 Russia Mar 1.35 34.73 0.35 19.00 28.72 5.61 2.11 Apr 1.35 35.74 0.35 19.50 29.22 5.81 2.41 Ukraine Mar 2.47 39.92 0.08 12.53 16.63 21.18 4.65 Apr 2.47 39.92 0.08 12.53 16.63 21.68 4.15 1/ Aggregate of local marketing years. Co arse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tuni sia, and Turkey. 8/ Indonesia, Malays ia, Philippines, Thailand, and Vietnam. April 2014 WASDE - 528 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2011/12 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 /ExportsEnding Stocks World 3/ 129.35 886.64 99.92 507.10 883.16 116.98 132.82 United States 28.64 313.95 0.75 115.74 279.03 39.18 25.12 Total Foreign 100.70 572.69 99.17 391.36 604.13 77.79 107.70 Major Exporters 4/ 17.82 106.76 0.79 52.75 68.20 43.30 13.88 Argentina 4.13 21.00 0.01 4.80 7.00 17.15 0.99 Brazil 10.28 73.00 0.77 43.00 50.50 24.34 9.21 South Africa 3.42 12.76 0.01 4.95 10.70 1.81 3.68 Major Importers 5/ 13.29 117.47 58.04 121.09 169.14 4.36 15.31 Egypt 1.27 5.50 7.15 9.70 11.70 0.01 2.22 European Union 6/ 5.22 68.12 6.11 54.00 69.50 3.29 6.67 Japan 0.62 0.00 14.89 10.40 14.90 0.00 0.61 Mexico 1.11 18.73 11.17 13.20 29.00 0.69 1.32 Southeast Asia 7/ 3.05 25.03 6.74 23.90 31.80 0.37 2.64 South Korea 1.59 0.07 7.64 5.69 7.82 0.00 1.48 Selected Other 0.00 Canada 1.26 11.36 0.87 6.40 11.64 0.49 1.37 China 49.42 192.78 5.23 131.00 188.00 0.09 59.34 FSU-12 1.90 34.12 0.33 13.95 16.42 17.49 2.45 Ukraine 1.12 22.84 0.05 6.50 7.80 15.16 1.05 2012/13 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ ExportsEnding Stocks World 3/ 132.82 866.94 98.91 517.30 865.37 94.79 134.40 United States 25.12 273.83 4.13 110.06 263.64 18.58 20.86 Total Foreign 107.70 593.11 94.78 407.24 601.73 76.21 113.54 Major Exporters 4/ 13.88 120.87 0.92 54.90 71.40 45.64 18.62 Argentina 0.99 27.00 0.01 5.30 7.90 18.69 1.41 Brazil 9.21 81.50 0.89 44.50 52.50 24.95 14.15 South Africa 3.68 12.37 0.03 5.10 11.00 2.00 3.07 Major Importers 5/ 15.31 111.61 56.86 119.28 168.51 2.81 12.47 Egypt 2.22 5.80 5.06 9.70 11.70 0.01 1.37 European Union 6/ 6.67 58.86 11.35 53.00 69.60 2.19 5.08 Japan 0.61 0.00 14.41 10.00 14.50 0.00 0.52 Mexico 1.32 21.59 5.68 11.00 27.00 0.52 1.06 Southeast Asia 7/ 2.64 25.22 7.96 25.00 32.90 0.09 2.83 South Korea 1.48 0.08 8.17 6.48 8.48 0.00 1.26 Selected Other 0.00 Canada 1.37 13.06 0.48 6.28 11.61 1.75 1.55 China 59.34 205.61 2.70 144.00 202.00 0.08 65.57 FSU-12 2.45 32.36 0.35 15.52 18.09 15.00 2.06 Ukraine 1.05 20.92 0.05 6.80 8.10 12.73 1.20 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Ma laysia, Philippines, Thailand, and Vietnam. April 2014 WASDE - 528 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2013/14 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / Exports Ending Stocks World 3/ Mar 134.67 967.52 111.04 574.93 943.72 114.53 158.47 Apr 134.40 973.90 113.41 576.15 950.30 119.43 158.00 United States Mar 20.86 353.72 0.89 134.63 297.19 41.28 36.99 Apr 20.86 353.72 0.89 134.63 297.19 44.45 33.82 Total Foreign Mar 113.81 613.80 110.15 440.30 646.53 73.25 121.48 Apr 113.54 620.19 112.53 441.53 653.11 74.98 124.18 Major Exporters 4/ Mar 18.92 107.00 0.84 56.10 74.00 38.00 14.76 Apr 18.62 110.00 0.84 56.70 74.50 38.50 16.46 Argentina Mar 1.40 24.00 0.01 5.00 8.00 16.00 1.41 Apr 1.41 24.00 0.01 5.50 8.30 16.00 1.12 Brazil Mar 14.11 70.00 0.80 46.00 55.00 20.00 9.91 Apr 14.15 72.00 0.80 46.00 55.00 20.00 11.95 South Africa Mar 3.42 13.00 0.03 5.10 11.00 2.00 3.44 Apr 3.07 14.00 0.03 5.20 11.20 2.50 3.39 Major Importers 5/ Mar 12.89 118.49 66.90 130.50 180.83 2.85 14.61 Apr 12.47 119.14 68.40 130.00 181.83 3.25 14.93 filler filler filler filler filler filler filler Egypt Mar 1.37 5.60 6.20 10.00 12.00 0.01 1.16 Apr 1.37 5.60 6.50 10.00 12.00 0.01 1.46 European Union 6/ Mar 5.38 64.89 11.00 56.50 73.50 2.00 5.76 Apr 5.08 64.89 12.00 56.00 74.50 2.00 5.46 Japan Mar 0.52 0.00 15.50 11.00 15.50 0.00 0.52 Apr 0.52 0.00 15.50 11.00 15.50 0.00 0.52 Mexico Mar 1.06 21.70 11.50 15.00 31.50 0.30 2.46 Apr 1.06 21.90 11.50 15.00 31.50 0.50 2.46 Southeast Asia 7/ Mar 2.83 26.18 8.90 26.40 34.40 0.54 2.97 Apr 2.83 26.57 9.10 26.40 34.40 0.74 3.36 South Korea Mar 1.32 0.08 9.50 7.50 9.60 0.00 1.31 Apr 1.26 0.08 9.50 7.50 9.60 0.00 1.24 Selected Other Canada Mar 1.55 14.20 0.50 7.50 12.90 1.50 1.85 Apr 1.55 14.20 0.50 7.50 12.90 1.50 1.85 China Mar 65.57 217.73 5.00 156.00 216.00 0.10 72.20 Apr 65.57 217.73 5.00 156.00 216.00 0.10 72.20 FSU-12 Mar 2.04 46.21 0.33 19.02 21.99 21.84 4.76 Apr 2.06 47.21 0.41 19.64 22.61 22.54 4.53 Ukraine Mar 1.20 30.90 0.05 8.50 10.10 18.50 3.55 Apr 1.20 30.90 0.05 8.50 10.10 19.00 3.05 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2014 WASDE - 528 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2011/12 Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ 99.55 466.92 35.62 459.79 39.79 106.68 United States 1.51 5.87 0.62 3.49 3.20 1.30 Total Foreign 98.04 461.05 35.01 456.29 36.59 105.38 Major Exporters 4/ 31.36 159.12 0.75 125.93 28.49 36.81 India 23.50 105.31 0.00 93.33 10.38 25.10 Pakistan 0.30 6.20 0.05 2.55 3.46 0.55 Thailand 5.62 20.46 0.60 10.40 6.95 9.33 Vietnam 1.94 27.15 0.10 19.65 7.72 1.83 Major Importers 5/ 13.32 62.21 14.14 75.60 1.21 12.87 Brazil 0.80 7.89 0.73 7.93 0.95 0.54 European Union 6/ 1.22 2.11 1.30 3.30 0.21 1.12 Indonesia 7.13 36.50 1.96 38.19 0.00 7.40 Nigeria 0.54 2.88 3.20 5.60 0.00 1.02 Philippines 2.46 10.71 1.20 12.86 0.00 1.51 Sel. Mideast 7/ 1.13 1.67 3.93 5.78 0.02 0.93 Selected Other 0.00 Burma 0.49 11.47 0.00 10.20 1.36 0.40 C. Amer & Carib 8/ 0.37 1.69 1.52 3.15 0.00 0.43 China 42.57 140.70 1.79 139.60 0.44 45.02 Egypt 0.12 4.25 0.34 3.62 0.60 0.49 Japan 2.71 7.65 0.64 8.05 0.20 2.75 Mexico 0.22 0.11 0.65 0.83 0.00 0.15 South Korea 1.03 4.22 0.38 4.91 0.00 0.73 2012/13 Est. Beginning Stocks Productio n ImportsTotal /2 Domestic ExportsEnding Stocks World 3/ 106.68 471.27 36.84 467.77 39.15 110.18 United States 1.30 6.34 0.67 3.75 3.40 1.16 Total Foreign 105.38 464.93 36.17 464.02 35.75 109.02 Major Exporters 4/ 36.81 158.76 0.75 128.83 27.89 39.59 India 25.10 105.24 0.00 94.03 10.87 25.44 Pakistan 0.55 5.80 0.05 2.30 3.60 0.50 Thailand 9.33 20.20 0.60 10.60 6.72 12.81 Vietnam 1.83 27.52 0.10 21.90 6.70 0.85 Major Importers 5/ 12.87 62.57 13.21 75.58 1.00 12.07 Brazil 0.54 7.99 0.70 7.85 0.75 0.63 European Union 6/ 1.12 2.10 1.40 3.30 0.20 1.11 Indonesia 7.40 36.55 0.65 38.13 0.00 6.48 Nigeria 1.02 2.37 2.80 5.30 0.00 0.89 Philippines 1.51 11.43 1.40 12.85 0.00 1.49 Sel. Mideast 7/ 0.93 1.67 4.54 5.93 0.02 1.19 Selected Other 0.00 Burma 0.40 11.72 0.00 10.40 1.16 0.55 C. Amer & Carib 8/ 0.43 1.57 1.43 3.04 0.01 0.37 China 45.02 143.00 3.70 144.00 0.34 47.38 Egypt 0.49 4.68 0.05 3.90 0.85 0.46 Japan 2.75 7.76 0.69 8.25 0.20 2.74 Mexico 0.15 0.13 0.74 0.84 0.00 0.19 South Korea 0.73 4.01 0.51 4.50 0.00 0.74 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World impo rts and exports may not balance due to differen ces in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Br azil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. April 2014 WASDE - 528 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2013/14 Proj. Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ Mar 110.98 474.76 38.05 474.03 40.93 111.71 Apr 110.18 475.57 39.09 474.56 40.91 111.19 United States Mar 1.16 6.12 0.70 3.84 3.22 0.91 filler filler filler filler filler filler Apr 1.16 6.12 0.70 3.97 3.12 0.88 Total Foreign Mar 109.83 468.64 37.35 470.20 37.71 110.80 filler filler filler filler filler filler Apr 109.02 469.46 38.39 470.59 37.78 110.32 Major Exporters 4/ Mar 41.00 159.60 0.70 129.80 29.40 42.10 Apr 39.59 159.90 0.80 130.90 29.40 39.99 India Mar 25.44 105.00 0.00 96.00 10.00 24.44 Apr 25.44 105.00 0.00 96.00 10.00 24.44 filler filler filler filler filler filler Pakistan Mar 0.40 6.40 0.00 2.60 3.40 0.80 Apr 0.50 6.60 0.00 2.60 3.90 0.60 Thailand Mar 12.83 20.50 0.60 10.70 8.50 14.73 Apr 12.81 20.50 0.60 10.80 9.00 14.11 Vietnam Mar 2.33 27.70 0.10 20.50 7.50 2.13 Apr 0.85 27.80 0.20 21.50 6.50 0.85 Major Importers 5/ Mar 12.09 64.50 13.92 77.20 1.20 12.11 Apr 12.07 64.66 14.47 77.10 1.20 12.90 Brazil Mar 0.68 8.30 0.75 7.95 0.95 0.83 filler filler filler filler filler filler Apr 0.63 8.60 0.70 8.05 0.95 0.93 European Union 6/ Mar 1.06 2.08 1.35 3.40 0.20 0.88 Apr 1.11 1.94 1.35 3.20 0.20 1.00 Indonesia Mar 6.48 37.36 1.50 38.65 0.00 6.68 Apr 6.48 37.36 1.50 38.65 0.00 6.68 Nigeria Mar 0.89 2.77 3.00 6.00 0.00 0.66 Apr 0.89 2.77 3.00 6.00 0.00 0.66 Philippines Mar 1.49 11.64 1.40 12.85 0.00 1.68 Apr 1.49 11.64 2.00 12.85 0.00 2.28 Sel. Mideast 7/ Mar 1.19 1.83 4.25 6.08 0.02 1.17 Apr 1.19 1.83 4.25 6.08 0.02 1.17 Selected Other Burma Mar 0.55 11.96 0.00 10.50 1.30 0.71 Apr 0.55 11.96 0.00 10.50 1.30 0.71 C. Amer & Carib 8/ Mar 0.38 1.66 1.56 3.21 0.00 0.39 Apr 0.37 1.68 1.56 3.22 0.01 0.37 China Mar 46.78 142.30 3.40 146.00 0.35 46.13 Apr 47.38 142.30 3.50 146.00 0.35 46.83 Egypt Mar 0.46 4.85 0.03 4.00 0.85 0.49 Apr 0.46 4.85 0.03 4.00 0.85 0.49 Japan Mar 2.74 7.83 0.70 8.25 0.20 2.82 Apr 2.74 7.83 0.70 8.25 0.20 2.82 Mexico Mar 0.17 0.14 0.75 0.86 0.00 0.19 Apr 0.19 0.13 0.75 0.86 0.00 0.21 South Korea Mar 0.63 4.23 0.41 4.50 0.00 0.77 Apr 0.74 4.23 0.41 4.61 0.00 0.78 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic incl udes both domestic use and unreported disappear ance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-28. 6/ Tr ade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia . 8/ Central American and Caribbean countries. April 2014 WASDE - 528 - 26 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2011/12 Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World 50.36 126.64 45.02 102.86 46.02 -0.30 73.44 United States 2.60 15.57 0.02 3.30 11.71 -0.17 3.35 Total Foreign 47.76 111.07 45.00 99.56 34.30 -0.12 70.09 Major Exporters 4/ 27.83 56.96 1.09 28.27 28.80 -0.31 29.13 Central Asia 5/ 2.63 6.81 0.03 2.12 4.21 0.03 3.11 Afr. Fr. Zone 6/ 0.56 3.21 3 / 0.19 2.44 0.00 1.14 S. Hemis 7/ 12.52 16.30 0.16 5.14 10.64 -0.35 13.56 Australia 2.76 5.50 3 / 0.04 4.64 -0.23 3.81 Brazil 7.91 8.70 0.03 4.00 4.79 -0.15 7.99 India 11.80 29.00 0.60 19.45 11.08 0.00 10.87 Major Importers 8/ 18.19 50.96 41.07 67.60 3.35 0.19 39.09 Mexico 0.60 1.18 1.00 1.70 0.34 0.03 0.71 China 10.60 34.00 24.53 38.00 0.06 0.00 31.08 European Union 9/ 0.57 1.60 0.86 0.89 1.39 0.05 0.69 Turkey 1.32 3.44 2.38 5.60 0.30 0.00 1.24 Pakistan 2.52 10.60 0.90 10.00 1.16 0.03 2.84 Indonesia 0.45 0.03 2.30 2.25 0.01 0.05 0.48 Thailand 0.32 3 / 1.26 1.30 0.00 0.03 0.26 Bangladesh 0.84 0.09 3.20 3.30 0.00 0.01 0.82 Vietnam 0.34 0.02 1.63 1.68 0.00 0.00 0.32 2012/13 Est. Beginnin g Stock s Productio n ImportsDomesti c Use ExportsLoss /2Ending Stocks World 73.44 123.02 45.95 106.45 46.66 -0.35 89.65 United States 3.35 17.32 0.01 3.50 13.03 0.25 3.90 Total Foreign 70.09 105.71 45.94 102.95 33.64 -0.60 85.75 Major Exporters 4/ 29.13 53.42 1.61 30.66 28.97 -0.79 25.32 Central Asia 5/ 3.11 7.27 0.01 2.33 5.34 0.03 2.69 Afr. Fr. Zone 6/ 1.14 4.23 3 / 0.19 3.96 0.00 1.23 S. Hemis 7/ 13.56 12.21 0.17 5.17 11.50 -0.33 9.60 Australia 3.81 4.60 3 / 0.04 6.17 -0.20 2.39 Brazil 7.99 6.00 0.07 4.10 4.31 -0.15 5.80 India 10.87 28.50 1.20 21.85 7.75 -0.50 11.47 Major Importers 8/ 39.09 49.69 41.53 68.63 2.79 0.19 58.72 Mexico 0.71 1.09 0.95 1.80 0.23 0.03 0.70 China 31.08 35.00 20.33 36.00 0.05 0.00 50.36 European Union 9/ 0.69 1.50 0.93 0.91 1.58 0.05 0.57 Turkey 1.24 2.65 3.69 6.05 0.22 0.00 1.32 Pakistan 2.84 9.30 2.20 11.00 0.45 0.03 2.86 Indonesia 0.48 0.03 2.60 2.55 0.01 0.05 0.50 Thailand 0.26 3 / 1.51 1.48 0.01 0.03 0.27 Bangladesh 0.82 0.11 3.60 3.60 0.00 0.01 0.92 Vietnam 0.32 0.02 2.41 2.25 0.00 0.00 0.49 1/ Marketing year beginning August 1. Tota ls may not add exactly and trade may not ba lance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, r eflects the difference between implicit stocks base d on supply less total use and indicated endi ng stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central Afri can Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentin a, Australia, Brazil, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions lis ted, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. April 2014 WASDE - 528 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2013/14 Proj. Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World Mar 89.16 116.68 38.43 109.21 38.45 -0.14 96.75 Apr 89.65 116.62 39.56 109.45 39.60 -0.13 96.92 United States Mar 3.90 13.19 0.01 3.60 10.70 0.00 2.80 Apr 3.90 12.87 0.01 3.60 10.70 -0.02 2.50 Total Foreign Mar 85.26 103.49 38.42 105.61 27.75 -0.14 93.95 Apr 85.75 103.75 39.55 105.85 28.90 -0.11 94.42 filler filler filler filler filler filler filler Major Exporters 4/ Mar 24.81 54.60 1.70 32.24 23.32 -0.33 25.88 Apr 25.32 54.66 1.35 32.01 24.42 -0.30 25.20 Central Asia 5/ Mar 2.69 6.78 0.01 2.46 4.45 0.03 2.55 Apr 2.69 6.78 0.01 2.46 4.45 0.03 2.55 Afr. Fr. Zone 6/ Mar 1.23 4.13 3 / 0.19 3.85 0.00 1.32 Apr 1.23 4.23 3 / 0.19 3.95 0.00 1.32 S. Hemis 7/ Mar 9.49 13.65 0.19 5.29 7.17 -0.36 11.22 Apr 9.60 13.62 0.19 5.29 7.70 -0.34 10.75 Australia Mar 2.29 4.10 3 / 0.04 3.80 -0.23 2.77 Apr 2.39 4.10 3 / 0.04 4.50 -0.20 2.15 Brazil Mar 5.80 7.40 0.08 4.20 2.40 -0.15 6.83 Apr 5.80 7.50 0.08 4.20 2.30 -0.15 7.03 India Mar 11.07 29.00 1.10 23.25 7.50 0.00 10.42 Apr 11.47 29.00 0.75 23.00 8.00 0.00 10.22 filler filler filler filler filler filler filler Major Importers 8/ Mar 58.73 46.34 33.68 69.67 2.56 0.19 66.35 Apr 58.72 46.46 35.15 70.13 2.56 0.19 67.45 Mexico Mar 0.70 0.83 1.05 1.85 0.10 0.03 0.61 Apr 0.70 0.89 1.05 1.85 0.18 0.03 0.59 China Mar 50.36 32.00 11.00 35.50 0.05 0.00 57.81 Apr 50.36 32.00 12.00 35.50 0.05 0.00 58.81 European Union 9/ Mar 0.58 1.60 0.92 0.93 1.49 0.05 0.63 Apr 0.57 1.60 0.93 0.94 1.51 0.05 0.61 Turkey Mar 1.32 2.25 4.25 6.25 0.18 0.00 1.39 Apr 1.32 2.30 4.25 6.30 0.18 0.00 1.39 Pakistan Mar 2.86 9.50 2.00 11.00 0.50 0.03 2.84 Apr 2.86 9.50 2.50 11.50 0.40 0.03 2.94 Indonesia Mar 0.50 0.03 2.75 2.70 0.01 0.05 0.53 Apr 0.50 0.03 2.65 2.65 0.01 0.05 0.48 Thailand Mar 0.27 3 / 1.65 1.60 0.01 0.03 0.29 Apr 0.27 3 / 1.65 1.60 0.01 0.03 0.29 Bangladesh Mar 0.92 0.12 3.90 4.00 0.00 0.01 0.93 Apr 0.92 0.12 3.90 4.00 0.00 0.01 0.93 Vietnam Mar 0.49 0.02 2.90 2.80 0.00 0.00 0.61 Apr 0.49 0.02 3.00 2.80 0.00 0.00 0.71 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, refl ects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenist an, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions liste d, includes Hong Kong, Japan, Russia, South Kor ea, and Taiwan. 9/ Includes intra-EU trade. April 2014 WASDE - 528 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2011/12 Beginning StocksProduction Imports Domestic Crus hDomestic TotalExports Ending Stocks World 2/ 70.36 239.57 93.46 228.16 257.65 92.16 53.58 United States 5.85 84.19 0.44 46.35 48.72 37.15 4.61 Total Foreign 64.50 155.38 93.02 181.82 208.92 55.01 48.97 Major Exporters 3/ 45.95 113.37 0.15 74.99 79.96 49.81 29.70 Argentina 21.40 40.10 0.00 35.89 37.75 7.37 16.39 Brazil 23.64 66.50 0.13 38.08 41.03 36.26 12.97 Paraguay 0.90 4.04 0.02 0.95 1.08 3.57 0.31 Major Importers 4/ 15.75 17.04 83.45 82.16 98.82 0.37 17.04 China 14.54 14.49 59.23 60.97 72.07 0.28 15.91 European Union 0.54 1.22 12.07 12.25 13.23 0.06 0.54 Japan 0.16 0.22 2.76 1.96 3.01 0.00 0.13 Mexico 0.03 0.21 3.61 3.68 3.71 0.00 0.13 2012/13 Est. Beginnin g Stock s Productio n Import sDomesti c Crus hDomesti c Total Export sEndin g Stock s World 2/ 53.58 268.10 95.57 229.05 258.74 100.65 57.87 United States 4.61 82.56 0.98 45.97 48.42 35.91 3.83 Total Foreign 48.97 185.54 94.58 183.08 210.32 64.74 54.04 Major Exporters 3/ 29.70 143.25 0.42 71.04 76.13 58.69 38.55 Argentina 16.39 49.30 0.00 33.61 35.55 7.74 22.40 Brazil 12.97 82.00 0.40 34.48 37.48 41.90 15.99 Paraguay 0.31 8.30 0.02 2.85 2.98 5.52 0.13 Major Importers 4/ 17.04 15.49 84.16 86.57 103.11 0.38 13.20 China 15.91 13.05 59.87 64.95 76.18 0.27 12.38 European Union 0.54 1.00 12.51 12.74 13.64 0.09 0.31 Japan 0.13 0.24 2.83 1.92 3.01 0.00 0.18 Mexico 0.13 0.25 3.41 3.65 3.69 0.00 0.11 2013/14 Proj. Beginnin g Stock s Productio n Import s Domesti c Crus hDomesti c Total Export s Endin g Stock s World 2/ Mar 57.79 285.43 105.34 239.04 269.70 108.22 70.64 Apr 57.87 284.05 105.93 238.67 269.00 109.43 69.42 United States Mar 3.83 89.51 0.95 45.99 48.69 41.64 3.95 Apr 3.83 89.51 1.77 45.86 48.43 43.00 3.67 Total Foreign Mar 53.97 195.93 104.39 193.05 221.01 66.58 66.69 Apr 54.04 194.54 104.17 192.82 220.57 66.43 65.75 Major Exporters 3/ Mar 38.55 153.72 0.17 77.60 82.91 60.34 49.19 Apr 38.55 153.10 0.17 77.45 82.70 60.15 48.97 Argentina Mar 22.40 54.00 0.00 36.60 38.60 8.00 29.81 Apr 22.40 54.00 0.00 36.60 38.60 8.00 29.80 Brazil Mar 15.93 88.50 0.15 37.28 40.38 45.00 19.20 Apr 15.99 87.50 0.15 37.00 40.10 44.50 19.03 Paraguay Mar 0.17 8.10 0.02 3.70 3.83 4.30 0.16 Apr 0.13 8.10 0.02 3.70 3.83 4.30 0.12 Major Importers 4/ Mar 13.32 14.95 93.92 90.03 106.93 0.34 14.92 Apr 13.20 14.91 93.48 89.87 106.51 0.31 14.77 China Mar 12.38 12.20 69.00 68.35 79.65 0.23 13.70 Apr 12.38 12.20 69.00 68.35 79.65 0.23 13.70 European Union Mar 0.31 1.25 12.30 12.35 13.27 0.08 0.50 Apr 0.31 1.25 12.30 12.35 13.27 0.06 0.52 Japan Mar 0.22 0.21 2.86 2.02 3.09 0.00 0.20 Apr 0.18 0.20 2.80 1.96 3.02 0.00 0.16 Mexico Mar 0.05 0.28 3.65 3.85 3.89 0.00 0.09 Apr 0.11 0.28 3.60 3.85 3.89 0.00 0.10 1/ Data based on local marketing years excep t Argentina and Brazil which are adjusted to an October-September year. 2/ World i mports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world su pply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and South east Asia (includes Indonesia, Mal aysia, Philippines, Vietnam, and Thailand). April 2014 WASDE - 528 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2011/12 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 8.65 180.47 57.09 177.77 58.27 10.18 United States 0.32 37.22 0.20 28.62 8.84 0.27 Total Foreign 8.33 143.25 56.90 149.15 49.43 9.91 Major Exporters 3/ 5.01 65.14 0.04 18.39 45.11 6.68 Argentina 2.43 27.95 0.00 0.96 26.04 3.38 Brazil 2.44 29.51 0.03 14.10 14.68 3.20 India 0.14 7.68 0.01 3.33 4.39 0.11 Major Importers 4/ 1.78 13.76 34.59 47.65 0.95 1.52 European Union 0.58 9.67 20.87 29.87 0.89 0.37 Southeast Asia 5/ 0.92 2.60 11.44 13.94 0.07 0.94 2012/13 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 10.18 180.51 53.82 176.96 57.77 9.78 United States 0.27 36.17 0.22 26.34 10.08 0.25 Total Foreign 9.91 144.34 53.60 150.63 47.68 9.53 Major Exporters 3/ 6.68 60.49 0.04 18.63 41.26 7.32 Argentina 3.38 26.09 0.00 1.07 23.67 4.73 Brazil 3.20 26.72 0.03 14.20 13.24 2.51 India 0.11 7.68 0.01 3.36 4.35 0.08 Major Importers 4/ 1.52 14.24 31.21 45.33 0.58 1.06 European Union 0.37 10.19 16.94 26.89 0.54 0.08 Southeast Asia 5/ 0.94 2.60 12.51 15.09 0.04 0.92 2013/14 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Mar 9.96 188.66 58.22 184.49 61.43 10.92 Apr 9.78 188.39 58.03 184.12 61.27 10.80 United States Mar 0.25 36.39 0.20 26.67 9.89 0.27 Apr 0.25 36.30 0.20 26.49 9.98 0.27 Total Foreign Mar 9.71 152.27 58.03 157.81 51.54 10.65 Apr 9.53 152.09 57.83 157.63 51.29 10.53 Major Exporters 3/ Mar 7.35 65.02 0.03 19.76 44.88 7.76 Apr 7.32 64.72 0.03 19.63 44.66 7.78 Argentina Mar 4.73 28.53 0.00 1.19 27.33 4.74 Apr 4.73 28.53 0.00 1.19 27.33 4.74 Brazil Mar 2.51 28.89 0.03 14.50 14.00 2.93 Apr 2.51 28.67 0.03 14.50 13.78 2.93 India Mar 0.11 7.60 0.01 4.07 3.55 0.10 Apr 0.08 7.52 0.01 3.94 3.55 0.12 Major Importers 4/ Mar 1.07 14.10 34.43 47.41 0.75 1.44 Apr 1.06 13.99 34.28 47.34 0.65 1.33 European Union Mar 0.08 9.86 19.10 27.96 0.70 0.37 Apr 0.08 9.86 19.10 28.01 0.60 0.42 Southeast Asia 5/ Mar 0.92 2.72 13.10 15.75 0.05 0.94 Apr 0.92 2.65 13.18 15.83 0.05 0.85 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia , and Japan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. April 2014 WASDE - 528 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2011/12 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 3.81 42.62 7.96 42.04 8.47 3.88 United States 1.10 8.95 0.07 8.31 0.66 1.15 Total Foreign 2.71 33.66 7.89 33.74 7.80 2.73 Major Exporters 3/ 0.94 16.38 0.39 10.41 6.42 0.88 Argentina 0.30 6.84 0.00 3.02 3.79 0.32 Brazil 0.38 7.31 0.00 5.40 1.89 0.41 European Union 0.27 2.23 0.39 1.99 0.74 0.15 Major Importers 4/ 0.78 13.01 3.60 16.17 0.16 1.07 China 0.20 10.91 1.50 11.94 0.06 0.62 India 0.24 1.71 1.17 2.75 0.01 0.36 North Africa 5/ 0.34 0.39 0.92 1.48 0.09 0.09 2012/13 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 3.88 42.78 8.43 42.40 9.32 3.37 United States 1.15 8.99 0.09 8.48 0.98 0.77 Total Foreign 2.73 33.79 8.34 33.92 8.34 2.60 Major Exporters 3/ 0.88 15.30 0.40 9.47 6.51 0.60 Argentina 0.32 6.36 0.09 2.28 4.24 0.26 Brazil 0.41 6.62 0.01 5.54 1.25 0.24 European Union 0.15 2.32 0.30 1.65 1.01 0.10 Major Importers 4/ 1.07 13.71 3.88 17.15 0.16 1.36 China 0.62 11.63 1.41 12.55 0.08 1.02 India 0.36 1.69 1.09 2.91 0.00 0.23 North Africa 5/ 0.09 0.40 1.39 1.69 0.07 0.11 2013/14 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Mar 3.43 44.66 8.81 44.32 9.28 3.30 Apr 3.37 44.60 8.81 44.21 9.32 3.25 United States Mar 0.77 8.95 0.09 8.41 0.68 0.71 Apr 0.77 8.92 0.09 8.37 0.70 0.71 Total Foreign Mar 2.66 35.71 8.72 35.91 8.60 2.58 Apr 2.60 35.68 8.72 35.84 8.62 2.54 Major Exporters 3/ Mar 0.60 16.37 0.40 10.00 6.70 0.67 Apr 0.60 16.32 0.40 9.95 6.70 0.67 Argentina Mar 0.26 6.98 0.08 2.49 4.50 0.32 Apr 0.26 6.98 0.08 2.49 4.50 0.32 Brazil Mar 0.24 7.15 0.00 5.74 1.45 0.20 Apr 0.24 7.10 0.00 5.74 1.40 0.20 European Union Mar 0.10 2.24 0.32 1.77 0.75 0.14 Apr 0.10 2.24 0.32 1.72 0.80 0.14 Major Importers 4/ Mar 1.37 14.35 4.09 18.40 0.12 1.30 Apr 1.36 14.33 4.09 18.37 0.14 1.27 China Mar 1.02 12.25 1.47 13.65 0.06 1.02 Apr 1.02 12.25 1.47 13.65 0.06 1.02 India Mar 0.23 1.70 1.23 3.00 0.00 0.16 Apr 0.23 1.69 1.23 2.99 0.00 0.15 North Africa 5/ Mar 0.12 0.41 1.39 1.74 0.06 0.12 Apr 0.11 0.40 1.39 1.73 0.08 0.10 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketi ng years and to time lags be tween reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Brazil an d European Union. 4/ Chin a, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. April 2014 WASDE - 528 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef PorkRed Mea t 2/Broile r Turkey Total Poultry 3 /Red Meat & PoultryEgg Milk Million Pounds Mil doz Bil lbs 2012 Annual 25,913 23,253 49,439 37,039 5,967 43,523 92,963 7,786 200.5 2013 I 6,172 5,777 12,016 9,144 1,459 10,727 22,743 1,945 50.5 II 6,517 5,519 12,103 9,466 1,486 11,087 23,190 1,968 52.0 III 6,608 5,624 12,299 9,683 1,440 11,265 23,564 1,994 49.4 IV 6,420 6,278 12,765 9,537 1,420 11,080 23,844 2,038 49.3 Annual Mar Est. 25,717 23,198 49,183 37,830 5,805 44,159 93,341 7,946 201.2 Apr Est. 25,717 23,198 49,183 37,830 5,805 44,159 93,341 7,946 201.2 2014 I 5,860 5,785 11,707 9,275 1,325 10,725 22,432 1,975 51.1 II* 6,280 5,370 11,714 9,725 1,400 11,265 22,979 2,005 52.9 III* 6,325 5,520 11,907 9,825 1,450 11,415 23,322 2,015 50.9 IV* 6,100 6,085 12,248 9,675 1,500 11,305 23,553 2,065 51.3 Annual Mar Proj. 24,540 23,360 48,152 38,700 5,700 44,940 93,092 8,060 205.7 Apr Proj. 24,565 22,760 47,576 38,500 5,675 44,710 92,286 8,060 206.1 * Projection. 1/ Commercial production for red meat s; federally inspected for poultry meats. 2/ Beef, pork, veal and la mb & mutton. 3/ Broile rs, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/Barrows and gilts 3/Broilers 4/Turkeys 5/Eggs 6/Milk 7/ Dol./cw t Dol./cw t Cents/lb. Cents/lb. Cents/doz. Dol./cw t 2012 Annual 122.86 60.88 86.6 105.6 117.4 18.53 2013 I 125.52 59.03 103.5 96.0 126.9 19.50 II 124.95 65.46 108.6 97.7 109.9 19.57 III 122.30 70.59 93.9 99.9 119.0 19.53 IV 130.77 61.11 92.8 105.4 143.0 21.43 Annual Mar Est. 125.89 64.05 99.7 99.8 124.7 20.01 Apr Est. 125.89 64.05 99.7 99.8 124.7 20.01 2014 I 146.34 68.69 98.4 100.7 142.7 24.60 II* 146-152 78-82 103-107 103-107 122-128 24.40-24.80 III* 141-151 73-79 99-107 103-111 114-122 21.15-21.85 IV* 142-154 67-73 98-106 106-114 127-137 20.00-21.00 Annual Mar Proj. 138-146 65-69 95-100 100-106 119-126 21.40-22.00 Apr Proj. 144-151 72-75 100-104 103-108 126-132 22.55-23.05 *Projection. 1/ Simple average of months. 2/ 5-Area, Direct, Total all grades 3/ National Base, Live equiv 51-52% lean. 4/ Who lesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. April 2014 WASDE - 528 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ ImportsTotal Supply ExportsEnding StocksTotal UsePer Capit a 2/ 3/ Million Pounds /4 Beef 2012 600 25,996 2,220 28,816 2,453 608 25,755 57.4 2013 Est. Mar 608 25,800 2,250 28,658 2,583 584 25,492 56.4 Apr 608 25,800 2,250 28,658 2,583 584 25,492 56.4 2014 Proj. Mar 584 24,623 2,285 27,492 2,435 525 24,532 53.9 Apr 584 24,648 2,325 27,557 2,515 525 24,517 53.8 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2012 542 23,270 802 24,613 5,381 625 18,608 45.9 2013 Est. Mar 625 23,215 879 24,719 4,992 618 19,109 46.8 Apr 625 23,215 879 24,719 4,992 618 19,109 46.8 2014 Proj. Mar 618 23,377 890 24,885 5,085 620 19,180 46.7 Apr 618 22,777 915 24,310 4,850 605 18,855 45.9 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2012 1,162 49,553 3,175 53,890 7,844 1,260 44,786 104.5 2013 Est. Mar 1,260 49,296 3,302 53,858 7,582 1,230 45,046 104.4 Apr 1,260 49,296 3,302 53,858 7,582 1,230 45,046 104.4 2014 Proj. Mar 1,230 48,265 3,343 52,838 7,529 1,173 44,136 101.7 Apr 1,230 47,689 3,400 52,319 7,374 1,158 43,787 100.9 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2012 590 36,643 111 37,345 7,274 651 29,420 80.4 2013 Est. Mar 651 37,425 122 38,199 7,364 669 30,166 81.9 Apr 651 37,425 122 38,199 7,364 669 30,166 81.9 2014 Proj. Mar 669 38,286 112 39,067 7,550 650 30,867 83.2 Apr 669 38,088 112 38,869 7,525 635 30,709 82.7 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2012 211 5,889 24 6,123 798 296 5,029 16.0 2013 Est. Mar 296 5,729 22 6,047 758 237 5,052 16.0 Apr 296 5,729 22 6,047 758 237 5,052 16.0 2014 Proj. Mar 237 5,700 20 5,957 760 245 4,952 15.5 Apr 237 5,675 20 5,932 710 245 4,977 15.6 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2012 803 43,049 137 43,989 8,162 949 34,879 97.8 2013 Est. Mar 949 43,677 146 44,771 8,230 912 35,630 99.1 Apr 949 43,677 146 44,771 8,230 912 35,630 99.1 2014 Proj. Mar 912 44,525 134 45,571 8,420 899 36,252 100.1 Apr 912 44,297 134 45,343 8,335 884 36,124 99.7 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2012 1,965 92,602 3,312 97,879 16,006 2,208 79,665 202.3 2013 Est. Mar 2,208 92,973 3,448 98,629 15,812 2,142 80,676 203.6 Apr 2,208 92,973 3,448 98,629 15,812 2,142 80,676 203.6 2014 Proj. Mar 2,142 92,791 3,477 98,409 15,949 2,072 80,388 201.8 Apr 2,142 91,987 3,534 97,662 15,709 2,042 79,912 200.6 1/ Total including farm production for red meats and, for pou ltry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis. 3/ Population source: Dept. of Commerce, Census Bureau. 4/ Carcass weight for red meats and certified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. April 2014 WASDE - 528 - 33 U.S. Egg Supply and Use Commodity 2011 2012 2013 Est. 2013 Est. 2014 Proj. 2014 Proj. Mar Apr Ma r Apr Eggs Million Dozen Supply Beginning Stocks 19.3 27.7 20.8 20.8 23.0 23.0 Production 7,660.8 7,786.3 7,945.6 7 ,945.6 8,060.0 8,060.0 Imports 20.9 18.4 16.9 16.9 18.0 16.0 Total Supply 7,700.9 7,832.4 7,983.3 7 ,983.3 8,101.0 8,099.0 Use Exports 276.3 301.7 371.6 371.6 322.0 312.0 Hatching Use 951.8 936.6 954.0 954.0 985.0 985.0 Ending Stocks 27.7 20.8 23.0 23.0 24.0 24.0 Disappearance Total 6,445.1 6,573.3 6,634.7 6 ,634.7 6,770.0 6,778.0 Per Capita (number) 247.9 251.0 251.5 251.5 254.8 255.1 Total U.S. Milk Supply and Use Commodity 2011 2012 2013 Est. 2013 Est. 2014 Proj. 2014 Proj. Mar Apr Ma r Apr Milk Billion Pounds Production 196.2 200.5 201.2 201.2 205.7 206.1 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 10.8 10.9 12.2 12.2 11.2 11.2 Marketings 195.2 199.6 200.3 200.3 204.7 205.2 Imports 3.5 4.1 3.7 3.7 3.7 3.7 Total Cml. Supply 209.5 214.5 216.2 216.2 219.6 220.1 Fat Basis Use Commercial Exports 9.4 8.8 12.4 12.4 12.4 12.7 Ending Commercial Stks 10.9 12.2 11.2 11.2 11.1 10.9 CCC Net Removals 1/ 0.0 0.0 0.0 0.0 0.0 0.0 Commercial Use 2/ 189.2 193.5 192.6 192.6 196.1 196.5 Skim-solid Basis Supply Beg. Commercial Stocks 12.2 11.8 12.4 12.4 11.6 11.6 Marketings 195.2 199.6 200.3 200.3 204.7 205.2 Imports 5.3 5.7 5.3 5.3 5.3 5.2 Total Cml. Supply 212.6 217.1 217.9 217.9 221.7 222.0 Skim-solid Basis Use Commercial Exports 32.5 33.3 38.6 38.6 38.2 37.7 Ending Commercial Stks 11.8 12.4 11.6 11.6 11.9 11.7 CCC Net Removals 1/ 0.0 0.0 0.0 0.0 0.0 0.0 Commercial Use 2/ 168.3 171.4 167.7 167.7 171.6 172.6 Filler Million Pounds CCC product net removals 1/ Butter 000000 Cheese 000000 Nonfat Dry Milk 000000 Dry Whole Milk 000000 Total Note: Totals may not add due to rounding. 1/ Includes products exported under the Dairy Export Incentive Program. 2/ Domestic commercial use only. April 2014 WASDE - 528 - 34 U.S. Dairy Prices Commodity 2011 2012 2013 Est. 2013 Est. 2014 Proj. 2014 Proj. Mar Apr Mar Apr Product Prices 1/ Dollars Pe r Pound Cheese 1.8246 1.7076 1.7683 1.7683 1.860- 1.9201.985- 2.035 Butter 1.9498 1.5943 1.5451 1.5451 1.605- 1.6951.760- 1.840 Nonfat Dry Milk 1.5058 1.3279 1.7066 1.7066 1.825- 1.8751.830- 1.870 Dry Whey 0.5325 0.5935 0.5902 0.5902 0.580- 0.6100.615- 0.645 Filler Dollars Pe r Cwt Milk Prices 2/ Class III 18.37 17.44 17.99 17.99 18.95- 19.5520.40- 20.90 Class IV 19.04 16.01 19.05 19.05 20.35- 21.0521.05- 21.65 All Milk 3/ 20.14 18.53 20.01 20.01 21.40- 22.0022.55- 23.05 1/ Simple average of monthly prices calcu lated by AMS from weekly average dairy pr oduct prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the resp ective classes. All milk price is the simp le average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation. April 2014 WASDE - 528 - 35 Note: Tables on pages 35-37 present a record of the April proj ection and the final Estimate. Us ing world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0.5 percent. Chances are 9 out of 10 (90% confidence level) that the differe nce will not exceed 0.9 percent. The average difference between the April projection and the final estimate is 2.0 million tons, ra nging from 0.1 million to 6.8 million tons. Th e April projection has been below the e stimate 21 times and above 11 times. Reliability of April Projections 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square erro rconfidence interval Average Smalles t Larges tBelow FinalAbove Final WHEAT Percent Million Metric Tons Production Worl d 0.5 0.9 2.0 0.1 6.8 21 11 U.S. 0.1 0.2 0.0 0.0 0.3 12 9 Foreign 0.6 1.0 2.0 0.2 6.8 21 11 Exports Worl d 4.1 6.9 4.1 0.4 14.3 25 7 U.S. 2.6 4.5 0.7 0.1 2.1 14 18 Foreign 5.3 9.0 4.1 0.3 13.3 25 7 Domestic Use Worl d 0.8 1.3 3.6 0.1 9.4 14 18 U.S. 3.4 5.7 0.8 0.0 2.2 12 20 Foreign 0.8 1.3 3.4 0.0 9.6 14 18 Ending Stocks Worl d 3.2 5.5 3.7 0.0 13.1 22 9 U.S. 8.8 15.0 1.0 0.0 4.1 21 11 Foreign 3.6 6.1 3.2 0.0 12.5 23 8 COARSE GRAINS 2/ Production Worl d 0.9 1.5 6.8 0.3 19.2 26 6 U.S. 0.2 0.3 0.1 0.0 1.3 12 7 Foreign 1.3 2.2 6.9 0.3 19.2 26 6 Exports Worl d 4.3 7.3 3.9 0.1 17.3 23 9 U.S. 6.5 11.0 2.5 0.0 7.2 16 16 Foreign 7.0 11.9 3.4 0.3 21.2 25 7 Domestic Use Worl d 0.8 1.4 5.3 0.0 20.0 13 19 U.S. 2.5 4.3 3.4 0.1 16.8 12 20 Foreign 0.9 1.6 4.9 0.2 17.3 19 13 Ending Stocks Worl d 7.9 13.5 9.3 0.3 27.0 27 5 U.S. 12.1 20.5 4.0 0.1 12.1 18 14 Foreign 10.4 17.6 7.0 0.5 24.2 26 6 RICE, milled Production Worl d 1.4 2.3 3.4 0.2 13.3 26 6 U.S. 1.5 2.5 0.1 0.0 0.2 11 5 Foreign 1.4 2.3 3.4 0.1 13.3 26 6 Exports Worl d 8.4 14.3 1.4 0.1 4.5 26 6 U.S. 6.5 11.0 0.1 0.0 0.5 15 14 Foreign 9.3 15.8 1.3 0.0 4.4 26 6 Domestic Use Worl d 1.0 1.7 2.6 0.1 8.7 24 8 U.S. 7.2 12.2 0.2 0.0 0.5 11 20 Foreign 1.0 1.7 2.6 0.2 8.8 24 8 Ending Stocks Worl d 7.4 12.5 2.8 0.1 13.2 22 10 U.S. 19.9 33.7 0.2 0.0 0.4 19 13 Foreign 7.8 13.2 2.8 0.1 12.8 21 11 1/ Footnotes at end of table. CONTINUED April 2014 WASDE - 528 - 36 Reliability of April Projections (Continued) Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square erro rconfidence interval Average Smalles t Larges tBelow FinalAbove Final SOYBEANS Percent Million Metric Tons Production World 1.7 2.9 2.3 0.2 7.9 18 14 U.S. 1.4 2.3 0.6 0.0 2.5 14 11 Foreign 2.9 4.9 2.1 0.0 8.1 20 12 Exports World 5.2 8.8 2.2 0.1 10.3 20 12 U.S. 5.4 9.1 1.1 0.0 3.0 22 10 Foreign 12.3 20.9 1.9 0.2 8.8 17 15 Domestic Use World 1.8 3.0 2.2 0.0 9.0 18 14 U.S. 2.2 3.7 0.8 0.1 2.3 21 11 Foreign 2.2 3.8 1.9 0.0 10.4 16 16 Ending Stocks World 11.9 20.2 2.7 0.3 10.5 19 13 U.S. 23.0 39.0 1.4 0.1 4.7 12 20 Foreign 13.1 22.3 2.2 0.0 7.2 21 11 COTTON Million 480-Pound Bales Production World 1.5 2.6 1.0 0.0 5.2 25 6 U.S. 0.3 0.5 0.0 0.0 0.2 13 11 Foreign 1.9 3.1 1.0 0.0 5.1 24 7 Exports World 4.3 7.4 1.0 0.1 4.2 19 13 U.S. 4.8 8.1 0.4 0.0 1.4 13 16 Foreign 5.5 9.4 0.9 0.1 3.9 19 13 Domestic Use World 1.6 2.7 1.2 0.0 4.6 19 13 U.S. 3.2 5.4 0.2 0.0 0.6 18 10 Foreign 1.7 2.8 1.2 0.2 4.5 19 13 Ending Stocks World 7.2 12.2 2.4 0.0 8.2 22 10 U.S. 12.7 21.5 0.4 0.0 1.6 13 19 Foreign 7.8 13.2 2.4 0.1 8.0 20 12 1/ Marketing years 1981/82 through 2012/13 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2012/13. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. April 2014 WASDE - 528 - 37 Reliability of United Stat es April Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final CORN Percent Million Bushels Production 0 . 2 0 . 320 3 812 Exports 6.4 10.8 89 13 209 13 19 Domestic Use 2.4 4.1 118 5 474 13 19 Ending Stocks 13.8 23.5 160 3 470 18 14 SORGHUM Production 0 . 2 0 . 300402 Exports 12.0 20.4 20 0 72 21 10 Domestic Use 8 . 3 1 4 . 12 4 0 1 5 81 31 8 Ending Stocks 38.2 64.8 23 1 148 14 18 BARLEY Production 0.5 0.9 1 0 11 12 4 Exports 13.1 22.1 4 0 13 8 20 Domestic Use 4 . 3 7 . 31 1 06 41 31 7 Ending Stocks 11.3 19.2 13 0 52 21 10 OATS Production 0 . 2 0 . 400243 Exports 3 6 . 3 6 1 . 610366 Domestic Use 3.1 5.3 8 0 26 11 19 Ending Stocks 10.5 17.9 9 1 30 19 13 SOYBEAN MEAL Thousand Short Tons Production 2.6 4.5 766 35 2,153 25 7 Exports 8.2 13.9 506 25 1,700 26 6 Domestic Use 2.1 3.6 479 100 2,066 22 10 Ending Stocks 36.8 62.4 68 0 214 13 17 SOYBEAN OIL Million Pounds Production 2.6 4.5 366 15 1,058 25 7 Exports 15.8 26.8 206 0 650 20 11 Domestic Use 1.9 3.3 224 0 562 18 13 Ending Stocks 16.1 27.4 229 5 753 22 10 ANIMAL PROD. 3/ Million Pounds Beef 2.5 4.2 503 19 1,388 23 9 Pork 2.3 3.8 299 10 983 21 11 Broilers 1.4 2.4 293 6 675 21 11 Turkeys 2.4 4.1 95 3 305 18 14 Million Dozen Eggs 1.2 2.0 66 10 143 22 10 Billion Pounds Milk 1.2 2.1 1.5 0.0 5.2 17 14 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and co tton. Marketing years 1981/82 through 2012/13 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2012/13. Calendar years 1983 through 2012 for meats, eggs, and milk. Final for animal products is defined as latest annual production estimate published by NASS for 1983-2012. WASDE-528-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oc e/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Produc tion, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 19 0 countries and regions at http://www.fas.usda.gov/psd/online . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric-Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 UNITED STATES DEPARTMENT OF AGRICULTURE WORLD AGRICULTURAL OUTLOOK BOARD WASHINGTON, D.C. 20250-3812 ___________________ OFFICIAL BUSINESS Penalty for Private Use, $300 FIRST-CLASS MAIL POSTAGE & FEES PAID USDA PERMIT NO. G-289 World Agricultural Suppl y and Demand Estimates WASDE-528 – April 9, 2014 Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e-mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu . Select the “Reports by E-Mail” bar to sign up. Print Subscriptions: For print subscriptions, call the National Technical Information Service (NTIS) at 1-800-999 -6779 or 703-605-6220. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250-9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 604 Approved by the World Agricultura l Outlook Board September 11, 2020 WH EAT: The 2020/21 U.S. wheat supply and demand outlook is unchanged this month but there are offsetting by -class changes for wheat exports. The projected season- average farm price remains at $4.50 per bushel. The 2020/21 global wheat outlook is for larger supplies, increased consumption, greater exports, and higher stocks. Supplies are raised 3.3 million tons to 1,070.3 million, mostly on higher production in Australia and Canada more than offsetting a smaller crop in Argentina. Australia’s production is raised 2.5 million tons to 28.5 million, mainly based on the ABARES production forecast issued September 7. Canada’s production is increased 2.0 million tons to 36.0 million, primarily on the Statistics Canada forecast issued August 31. This is the second and third- highest wheat production on record for Canada and Australia, respectively. Argentina’s production is lowered 1.0 million tons to 19.5 million on continued dry conditions and possible frost damage. On net, global 2020/21 production is raised 4.5 million tons to a record high 770.5 million. World consumption is increased 0.8 million tons to 750.9 million, primarily on higher feed and residual usage for Australia and Canada. Projected 2020/21 global trade is raised 1.5 million tons to 189.4 million on higher exports for Australia and Canada. The largest import change this month is for China, where imports are raised 1.0 million tons to 7.0 million on an early strong pace of U.S. sales and shipments to China and increased exportable supplies from Australia and Canada. If realized, these would be the largest China wheat imports since 1995/96. Projected 2020/21 world ending stocks are increased 2.6 million tons to 319.4 million to a new record, with China and India accounting for 51 and 10 percent of the total, respectively. COARSE GRAINS: This month’s 2020/21 U.S. corn outlook is for reduced production, lower corn used for ethanol, larger exports, and small er ending stocks. Corn production is forecast at 14.9 billion bushels, down 378 million from last month on a lower yield forecast and reduction in harvested area. Corn supplies are reduced from last month, as a smaller crop more than offsets greater begi nning stocks mostly due to lower estimated exports for 2019/20. Corn used for ethanol for 2020/21 is lowered 100 million bushels based on the continued slow recovery in motor gasoline demand as a result of COVID -19. Exports are raised 100 million bushels reflecting reduced supplies in competitor countries. With supply falling more than use, corn ending stocks are lowered 253 million bushels from last month. The corn price is raised 40 cents to $3.50 per bushel. This month’s 2020/21 foreign coarse grain outlook is for larger production, with fractionally higher trade and lower stocks relative to last month. EU corn production is low ered, mostly reflecting a reduction for Romania. Ukraine corn production is down , as acute short -term drought across much of the primary growing areas lowered corn yield prospects after a WASDE- 604-2 favorable start to the summer growing season. Corn production is r aised for Brazil, as high domestic prices are expected to support an expansion in area. Corn production is also increased for India and Nigeria. Barley production is raised for Russia, the EU, and Australia. Major global coarse grain trade changes for 2020/21 include barley export increases for Russia and Australia. Corn exports are raised for the United States, Brazil, and Mexico. Corn imports are raised for Venezuela. China’s corn feed and residual use for 2019/20 and 2020/21 is raised from last month, based on observed soybean meal equivalent protein consumption and current corn prices. Foreign corn ending stocks ar e lower relative to last month, as increases for India and Nigeria are more than offset by a decline for China. RICE : The outlook for 2020/21 U.S. rice this month is for lower beginning stocks, with increased production, imports, and total use. The August 21 NASS Rice Stocks report reduced 2020/21 beginning stocks by 2.0 million cwt. Imports for 2020/21 are raised 0.8 million cwt to 36.8 million on expectations of continued strong demand for combined medium - and short -grain varieties. In the September Crop Production report, NASS raised the 2020/21 rice crop by 6.9 million cwt to 225.0 million on increased harvested area. The average all rice yield is down 71 pounds per acre to 7,529 pounds. Long grain production is raised 9.8 million cwt to 168.9 mi llion, and combined medium - and short -grain production is cut 3.0 million cwt to 56.0 million. With the increased supplies, domestic and residual use and exports are each raised 2.0 million cwt, all long grain. All rice ending stocks are increased by 1. 6 million cwt to 45.9 million and the season- average farm price is dropped $0.10 per cwt to $12.60. Foreign 2020/21 rice supplies are lowered fractionally with several, mostly offsetting, production changes led by a 1.0- million -ton increase for India and a 1.4- million -ton reduction for Thailand. The India change is based on updated government statistics, and Thailand’s smaller crop reflects limited water supplies in irrigated production areas. Global exports are up fractionally led by a 1.0 -million -ton increase for India that is offset by a 1.0- million -ton decrease for Thailand; both changes are based on each country’s production revisions. With supplies down and global utilization virtually unchanged , global ending stocks are lowered 0.4 million tons to 184.8 million but remain record large. OILSEEDS : U.S. soybean supply and use changes for 2020/21 include lower beginning stocks, production, and ending stocks. Lower beginning stocks reflect increases in exports and crush for 2019/20. Soybean product ion is projected at 4.3 billion bushels, down 1 12 million on a lower yield forecast of 51.9 bushels per acre. Yield is down 1. 4 bushels per acre from the August forecast . With soybean crush and exports unchanged, ending stocks are projected at 460 millio n bushels, down 1 50 million from last month. Other changes this month include higher peanut and lower cottonseed production. Soybean and product prices are all projected higher for 2020/ 21. The U.S. season- average soybean price is forecas t at $ 9.25 per bushel, up 90 cents from last month. The soybean meal price is projected at $315 per short ton, up 25 dollars. The soybean oil price forecast is 32.0 cents per pound, up 2 cents . The 2020/21 foreign oilseed supply and demand forecasts include higher production, exports, and ending stocks. Higher foreign production of soybeans, cottonseed, peanuts, WASDE- 604-3 and rapeseed is partly offset by lower sunflowerseed. Soybean production is raised for Brazil, Canada, and India, and lowered for Ukraine. Brazil’s 2020/21 soybean crop is raised 2 million tons to 133 million, mainly on increased area as producers face stronger prices and competitive exchange rates ahead of planting. Brazil’s production for 2013/14 to 2018/19 also reflect s revisions by Brazil’s National Supply Company (CONAB). Soybean production forecasts for Canada and India are raised on recent government data and planting progress reports. Ukraine’s soybean pr oduction is lowered due to low rainfall throughout August. Global soybean exports are raised 0.9 million tons to 166.3 million, with higher exports for Brazil and lower exports for Ukraine based on available supplies. Crush is reduced for Argentina in line with the prior year ’s reduction. Global ending stocks are reduced 1.8 million tons to 93.6 m illion as lower U.S. stocks are partly offset by higher foreign stocks, particularly for Argentina and Brazil. SUGAR: U.S. sugar production for 2020/21 is increased by 27,095 short tons, raw value (STRV) to 9.292 million. Cane sugar production in Texas is increased by 60,984 STRV to 141,984 based on processor reporting. Projected cane sugar production in Louisiana and Florida are unchanged from last month. Beet sugar production is decreased 33,889 STRV to 5.165 million on a decrease in the NASS -forecas t national sugarbeet yield. The Secretary of Agriculture increased the 2019/20 raw sugar TRQ by 100,000 STRV in early September and extended the period that the TRQ raw sugar can enter through October 31. Of this amount , it is estimated that 11,814 STRV will enter in September of 2019/20 and 66,139 STRV will enter in October of 2020/21. The 2019/20 raw sugar TRQ shortfall is increased by 22,046 STRV to 83,046. FTA sugar for 2019/20 is increased by 6,931 STRV but reduced by the same amount for 2020/21 because sugar allocated to Canada for the 2020 calendar year entered the United States earlier in 2019/20 than forecast last month. On the basis of pace, h igh-tier tariff imports for 2019/20 are increased by 30,000 STRV but imports from Mexico are reduced by 12,766 STRV. For 2020/21, imports from Mexico are projected at 888,150 STRV, a decrease of 190,625 from last month and high- tier tariff imports are unchanged at 50,000 STRV. Deliveries for human consumption for 2019/20 are increased by 100,000 STRV to 12,150 million as the pattern of deliveries to end users has stabili zed. Deliveries for 2020/21 correspondingly are increased by 25,000 STRV to 12,150 million. Ending stocks for 2019/20 are estimated at 1.745 million for an ending stocks -to-use ratio of 14.2 percent. Ending stocks for 2020/21 are projected at 1.659 STRV for an ending stocks -to-use ratio of 13.5 percent. Mexico sugar supply and use for 2019/20 has small changes for imports of sugar for consumption, a small decrease for exports, and increased deliveries for the IMMEX program. These changes are made on the basis of the pace to date. The net result is to increase ending stocks by 4,926 metric tons (MT). High Fructose Corn Syrup ( HFCS ) deliveries for 2019/20 are reduced by 60,000 MT, dry weight, to 1.410 million on pace. For 2019/20, r aw sugar exports to the United States are estimated at 758,113 MT and refinada exports are estimated at 424,765 MT. For 2020/21 total exports are increased to match the increase in beginning stocks. Expor ts to the United States are reduced to 760,110 MT on calculated U.S. Needs as set out in the AD/CVD Suspension Agreements. Exports to third- country WASDE- 604-4 destinations are residually increased to 742,053 MT. Projected deliveries of HFCS are unchanged at 1.470 m illion MT, dry weight. LIVESTOCK, POULTRY, AND DAIRY : The forecast for 2020 total red meat and poultry production is lowered from last month as lower pork and broiler production more than offsets higher beef and turkey production. Beef production is raised from the previous month on higher second- half cattle slaughter . The pork production forecast is reduced on the current pace of slaughter and lighter carcass weights. Broiler production is reduced on recent hatchery data while turkey production is rais ed slightly. The 2020 egg production forecast is raised on increased lay rates. For 2021, the total red meat and poultry forecast is reduced from the previous month on lower expected beef, pork, and broiler production. Beef production is reduced from last month on lower expected steer and heifer slaughter and lighter carcass weights. Pork production is reduced on lighter expected carcass weights. The broiler production forecast is reduced on slower expected growth as the industry adjusts to higher feed costs. The turkey production forecast is unchanged. The 2020 beef import forecast is raised on continued firm import demand for processing grade beef, while the beef export forecast is unchanged. No change is made to the 2021 beef trade forecasts. The 2020 and 2021 pork export forecasts are unchanged as continued demand strength from China offsets weaker demand in other key markets. The 2020 and 2021 broiler, turkey, and egg export forecasts are unchanged from last month. The cattle price forecast for 2020 is unchanged from last month while the 2021 c attle price forecast is raised on lower production. Hog price forecasts are raised for 2020 on recent price strength but are unchanged for 2021. The 2020 broiler, turkey, and egg price forecasts are raised on recent price strength. For 2021, broiler price forecasts are raised on lower forecast production while no changes are made to the turkey and egg price forecasts. The milk production forecast for 2020 is raised from last month on higher expected growth in milk per cow. For 2020, the fat basis impor t forecast is lowered, primarily on recent trade data and the expectation of slower butterfat imports. The fat basis export forecast is raised on stronger global import demand for cheese, butter, and whey products. The skim -solids basis import forecast is unchanged from the previous month, while the export forecast is raised on expectations of robust exports of nonfat dry milk (NDM) and whey products. Cheese, butter, and whey price forecasts are reduced from last month, but the forecast for NDM is unchanged. The Class III price forecast is reduced on lower cheese and whey price forecasts, while the Class IV price forecast is reduced on the lower butter price forecast. The all milk price forecast is lowered to $17.75 per cwt. For 2021, the milk production forecast is raised on stronger anticipated growth in milk per cow. The fat basis import forecast is reduced from the previous month primarily on lower expected imports of cheese and other dairy products, while the fat basis export forecast is raised on anticipated firm global demand for U.S. butter. The skim -solids basis import forecast is raised slightly, but the export forecast is raised on continued strong international demand for skim milk powder and whey products. Price forecasts for cheese, but ter, and whey are lowered while the nonfat dry milk forecast is unchanged. The Class III price forecast is reduced on lower cheese and whey price forecasts. The Class IV price forecast is reduced on the lower butter price forecast. The all milk price forecast is lowered to $17.00 per cwt for 2021. WASDE- 604-5 COTTON : The 2020/21 U.S. cotton estimates include slightly higher beginning stocks relative to last month but lower production, mill use, exports , and ending stocks. Production is lowered 1.0 million bales to 17.1 million, with a lower projection for every region. Mill use is projected 200,000 bales lower this month, but compared with its revised 2019/20 level is still expected to rise 1 6 percent. Export s and ending stocks are 400,000 bales lower, reflecting reduced U.S. supply and stronger foreign competition. Ending stocks in 2020/21 are projected at 7. 2 million bales, equivalent to 42 percent of use. The season- average price for upland cotton is forecast at 59 cents per pound, unchanged from the previous month. The 2020/ 21 world cotton projections include lower beginning stocks, production, consumption, and ending stocks relative to last month . Beginning stocks are lowered in India, more than offset ting increases for China and Brazil. Production is higher in China, India, and Australia, but lower in the United States, Pakistan, and Turkey. Consumption is lower in the United States, Mexico, and Brazil. World trade is slightly higher, with increases for Australia, Brazil, and India offsetting lower U.S. exports . Imports are forecast higher for Pakistan and Turkey, but lower for Vietnam. World ending stocks of cotton in 2020/21 are projected at 103.8 million bales, 1.1 million lower than in August, and 4.4 million higher than in 2019/20. Approved by the Secretary of Agriculture and t he Chairman of the World Agricultural Outlook Board, Mark Jekanowski , (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: STEPHEN CENSKY SECRETARY OF AGRICULTURE DESIGNATE WASDE- 604-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) r eport. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers, ICEC Chair, WAOB, [email protected] Jennifer Bond, ERS; Graham Soley, FAS; Pete Riley, FPAC. Rice: William Chambers, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS; Vidalina Abadam, FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Tom Capehart, ERS; Yoonhee Macke, FAS; Sharon Raszap, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Mark Ash, ERS; Bill George, FAS; Gustavo Ferreir a, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; James Johnson, FAS; Kent Lanc los, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Andrew Sowell , ERS; Souleymane Diaby , FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Lindsay Kuberka , FAS; Georgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Kim Ha, ERS; Claire Mezoughem, FAS ; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kien dl, FAS ; Georgi Gabrielyan, FPAC. In 2020, the WASDE report will be released on Oct 9, Nov 10, and Dec 10. WASDE- 604-7 T A B L E OF C O N T E N T S Page Highlights ..................................................................................................................... 1 Interagency Commodity Estimates Comm ittees ........................................................ 6 World & U.S. Supply & Use for Grains ....................................................................... 8 World & U.S. Supply & Use for Cotton ....................................................................... 9 World & U.S. Supply & Use for Oilseeds ................................................................. 10 U.S. Wheat Supply & Use ......................................................................................... 11 U.S. Wheat Supply & Use by Class ......................................................................... 11 U.S. Feed Grain & Corn Supply & Use .................................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................... 13 U.S. Rice Supply & Use ............................................................................................ 14 U.S. Soybeans & Products Supply & Use ................................................................ 15 U.S. Sugar Supply & Use .......................................................................................... 16 Mexico Sugar Supply and Use ................................................................................. 16 U.S. Cotton Supply & Use ......................................................................................... 17 World Wheat Supply & Use ...................................................................................... 18 World Coarse Grains Supply & Use ......................................................................... 20 World Corn Supply & Use ......................................................................................... 22 World Rice Supply & Use .......................................................................................... 24 World Cotton Supply & Use ...................................................................................... 26 World Soybean Supply & Use .................................................................................. 28 World Soybean Meal Supply & Use ......................................................................... 29 World Soybean Oil Supply & Use ............................................................................. 30 U.S. Quarterly Animal Product Production ............................................................... 31 U.S. Quarterly Prices for Animal Products ............................................................... 31 U.S. Meats Supply and Use ...................................................................................... 32 U.S. Egg Supply & Use ............................................................................................. 33 U.S. Milk Supply and Use ......................................................................................... 33 U.S. Dairy Prices ....................................................................................................... 34 Reliability Tables ....................................................................................................... 35 Related USDA Reports ............................................................................................. 38 Metric Conversion Factors ........................................................................................ 38 Electronic Access and Subscriptions ........................................................................ 40 September 2020 WASDE - 604 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2018/19 2625.20 3448.36 429.34 2639.73 808.63 2019/20 (Est.) 2666.46 3475.09 440.17 2656.00 819.09 fille r fille r 2020/21 (Proj.) Aug 2730.77 3554.40 453.27 2704.11 850.29 2020/21 (Proj.) Sep 2730.33 3549.42 458.02 2707.98 841.45 fille r fille r Wheat 2018/19 730.96 1019.26 173.61 735.28 283.99 2019/20 (Est.) 764.03 1048.01 191.38 748.23 299.78 fille r fille r 2020/21 (Proj.) Aug 766.03 1066.94 187.99 750.14 316.79 2020/21 (Proj.) Sep 770.49 1070.27 189.44 750.90 319.37 fille r fille r Coarse Grains 5/ 2018/19 1397.56 1768.25 212.01 1420.49 347.76 2019/20 (Est.) 1406.51 1754.26 206.45 1416.63 337.64 fille r fille r 2020/21 (Proj.) Aug 1464.70 1805.74 221.02 1457 .44 348.31 2020/21 (Proj.) Sep 1460 .26 1797.90 224.09 1460.66 337.25 fille r fille r Rice, milled 2018/19 496.68 660.85 43.72 483.97 176.88 2019/20 (Est.) 495.93 672.82 42.34 491.14 181.68 fille r fill er 2020/21 (Proj.) Aug 500.05 681.72 44.26 496.53 185.19 2020/21 (Proj.) Sep 499.58 681.25 44.50 496.42 184.83 fille r fille r United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Tota l Gra ins 4 / 2018/19 436.32 532.30 83.45 357.57 91.28 2019/20 (Est.) 417.42 515.93 79.47 346.72 89.75 fille r fille r 2020/21 (Proj.) Aug 459.52 555.98 92.88 363.34 99.76 2020/21 (Proj.) Sep 449.79 546.97 95.48 358.20 93.28 fille r fille r Wheat 2018/19 51.31 84.88 25.50 29.99 29.39 2019/20 (Est.) 52.26 84.50 26.28 29.82 28.41 fille r fille r 2020/21 (Proj.) Aug 50.01 81.96 26.54 30.24 25.19 2020/21 (Proj.) Sep 50.01 81.96 26.54 30.24 25.19 fille r fille r Coarse Grains 5/ 2018/19 377.91 438.46 54.97 323.02 60.47 2019/20 (Est.) 359.30 422.96 50.20 312.33 60.43 fille r fille r 2020/21 (Proj.) Aug 402.59 464.98 63.27 328.55 73.16 2020/21 (Proj.) Sep 392.63 455.79 65.81 323.34 66.64 fille r fille r Rice, milled 2018/19 7.11 8.96 2.97 4.57 1.42 2019/20 (Est.) 5.86 8.47 2.99 4.57 0.91 fille r fille r 2020/21 (Proj.) Aug 6.93 9.04 3.08 4.56 1.41 2020/21 (Proj.) Sep 7.14 9.22 3.14 4.62 1.46 fille r fille r 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet a nd mixed gra ins). September 2020 WASDE - 604 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2018/19 2,188.88 2,916 .06 345.90 2,282.16 717.35 2019/20 (Est.) 2,249.04 2,959.16 360.71 2,309.28 729.34 fille r fille r 2020/21 (Proj.) Aug 2,271.25 2,998.42 360.39 2,340.77 750.53 2020/21 (Proj.) Sep 2,280.54 3,002.46 362.54 2,349.78 748.16 filler fille r Wheat 2018/19 679.65 934.38 148.11 705.29 254.60 2019/20 (Est.) 711.77 963.51 165.10 718.41 271.37 fille r fille r 2020/21 (Proj.) Aug 716.02 984.98 161.45 719.91 291.61 2020/21 (Proj.) Sep 720.48 988.31 162.90 720.67 294.18 fille r fille r Coarse Grains 5/ 2018/19 1,019.66 1,329.79 157.04 1,097.47 287.29 2019/20 (Est.) 1,047.20 1,331.31 156.25 1,104.30 277.21 fille r fille r 2020/2 1 (Proj.) Aug 1,062.11 1,340.77 157.75 1,128.89 275.14 2020/21 (Proj.) Sep 1,067.63 1,342.11 158.28 1,137.31 270.61 fille r fille r Rice, milled 2018/19 489.57 651.89 40.75 479.40 175.46 2019/20 (Est.) 490.07 664.34 39.35 486.57 180.77 fille r fille r 2020/21 (Proj.) Aug 493.12 672.67 41.18 491.97 183.78 2020/21 (Proj.) Sep 492.43 672.03 41.35 491.80 183.38 fille r fille r 1/ Aggregate of local marketing years. 2/ Based on export est imate. See individual commod ity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed g ra ins. World and U.S. Supply and Use f or Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2018/19 118.65 199.59 41.40 120.19 80.27 2019/20 (Est.) 121.98 202.25 40.74 102.13 99.44 fille r fille r 2020/21 (Proj.) Aug 117.53 218.09 41.59 113.05 104.91 2020/21 (Proj.) Sep 117.20 216.65 41.72 112.69 103.84 fille r fille r United States 2018/19 18.37 22.57 14.84 2.98 4.85 2019/20 (Est.) 19.91 24.77 15.53 2.15 7.25 fille r fille r 2020/21 (Proj.) Aug 18.08 25.28 15.00 2.70 7.60 2020/21 (Proj.) Sep 17.06 24.32 14.60 2.50 7.20 fille r fille r Foreign 4/ 2018/19 100.29 177.02 26.56 117.22 75.42 2019/20 (Est.) 102.07 177.49 25.21 99.98 92.19 fille r fille r 2020/21 (Proj.) Aug 99.45 192.80 26.59 110.35 97.31 2020/21 (Proj.) Sep 100.14 192.33 27.12 110.19 96.64 fille r fille r 1/ Marketin g year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. September 2020 WASDE - 604 - 10 World and U.S. Sup ply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2018/19 600.87 717.56 170.39 488.79 132.27 2019/20 (Est.) 577.2 6 709.54 191.0 2 504.16 111.68 fille r fille r 2020/21 (Proj.) Aug 610.42 721.33 188.54 514.96 108.28 2020/21 (Proj.) Sep 609.15 720.83 189.56 515.06 106.98 fille r fille r Oilmea ls 2018/19 332.65 349.68 93.73 328.89 14.98 2019/20 (Est.) 343.44 358.42 93.83 341.06 13.10 fille r fille r 2020/21 (Proj.) Aug 352.72 365.52 94.33 350.07 12.01 2020/21 (Proj.) Sep 352.80 365.90 94.30 350.19 12.14 fille r fille r Vegetab le Oils 2018/19 203.51 226.66 85.72 200.06 22.14 2019/20 (Est.) 205.74 227.88 85.94 201.35 21.66 fille r fille r 2020/21 (Proj.) Aug 209.89 231.97 86.74 206.95 20.54 2020/21 (Proj.) Sep 209.73 231.39 86.61 207.14 20.07 fille r filler United States O u tp To Suppl y T T U se / Endi n S to Oilseeds 2018/19 130.72 145.66 48.82 61.03 26.54 2019/20 (Est.) 107.00 134.77 46.99 63.25 17.41 fille r filler 2020/21 (Proj.) Aug 130.79 150.38 58.98 63.56 18.22 2020/21 (Proj.) Sep 127.72 146.31 59.10 63.55 14.24 fille r fille r Oilmea ls 2018/19 46.52 51.02 12.50 38.10 0.42 2019/20 (Est.) 48.76 53.32 12.83 40.07 0.42 fille r fille r 2020/21 (Proj.) Aug 49.07 53.31 12.55 40.34 0.42 2020/21 (Proj.) Sep 49.04 53.30 12.55 40.33 0.42 fille r fille r Vegeta ble Oils 2018/19 12.20 18.14 1.09 15.88 1.16 2019/20 (Est. ) 12.66 18.76 1.47 16.07 1.22 fille r fille r 2020/21 (Proj.) Aug 12.80 19.08 1.39 16.38 1.31 2020/21 (Proj.) Sep 12.80 18.99 1.40 16.37 1.23 fille r fille r Foreign 3/ O ut pu T o t al Suppl y T rad To U se 2 Endi ng St oc ks Oilseeds 2018/1 9 470.15 571.90 121.57 427.75 105.73 2019/20 (Est.) 470.27 574.77 144.03 440.92 94.27 fille r fille r 2020/21 (Proj.) Aug 479.64 570.95 129.56 451.41 90.06 2020/21 (Proj.) Sep 481.43 574.52 130.47 451.51 92.74 fille r fille r Oilmea ls 2018/19 286.13 298.66 81.23 290.79 14.56 2019/20 (Est.) 294.68 305.10 81.01 300.99 12.68 fille r fille r 2020/21 (Proj.) Aug 303.65 312.20 81.79 309.7 2 11.58 2020/21 (Proj.) Sep 303.76 312.59 81.76 309.86 11.72 fille r fille r Vegeta ble Oils 2018/19 191.31 208.52 84.63 184.18 20.98 2019/20 (Est.) 193.09 209.12 84.47 185.28 20.44 fille r fille r 2020/21 (Proj.) Aug 197.09 212.88 85.35 190.57 19.23 2020/21 (Proj.) Sep 196.93 212.40 85.22 190.78 18.84 fille r fille r 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ C rush only for oilseeds. 3/ Total Foreign is equal t o World minus United States. September 2020 WASDE - 604 - 11 U.S. Wheat Supply and Use 1/ 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Aug Sep Million Acres Area Planted 47.8 45.2 44.3 44.3 Area Har vested 39.6 37.2 36.7 36.7 Bushels Yield per Harvested Acre 47.6 51.7 50.1 50.1 Million Bushels Beginning Stocks 1,099 1,080 1,044 1,044 Production 1,885 1,920 1,838 1,838 Imports 135 105 130 130 Supply, Total 3,119 3,105 3,011 3,011 Food 955 962 960 960 Seed 59 61 61 61 Feed and Residual 88 73 90 90 Domestic, Total 1,102 1,096 1,111 1,111 Exports 937 965 975 975 Use, Total 2,039 2,061 2,086 2,086 Ending Stocks 1,080 1,044 925 925 Avg. Farm Price ($/bu) 2/ 5.16 4.58 4.50 4.50 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2019/20 (Est.) Beginning Stock s 516 263 158 88 55 1,080 Production 833 522 239 272 54 1,920 Supply, Total 3/ 1,351 838 401 366 150 3,105 Domestic Use 454 289 204 84 65 1,096 Exports 376 268 92 187 42 965 Use, Total 830 558 296 271 107 2,061 Ending Stocks, Total 521 280 105 95 43 1,044 2020/21 (Proj.) Beginnin g Stocks 521 280 105 95 43 1,044 Production 695 530 277 274 62 1,838 Supply, Total 3/ 1,221 870 392 374 155 3,011 Domestic Use 426 307 199 90 89 1,111 Exports 410 270 85 180 30 975 Use, To tal 836 577 284 270 119 2,086 Ending Stocks, Total Sep 385 293 108 104 36 925 Ending Stocks, Total Aug 390 293 103 104 36 925 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted ave rage price received by farmers. 3/ Includes im ports. September 2020 WASDE - 604 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Aug Sep Million Ac res Area Planted 99.9 100.5 103.6 103.6 Area H arvested 89.2 89.0 92.1 91.5 Metric Tons Yield per Harvested Acre 4.24 4.03 4.37 4.29 Million Metric Tons Beginning Stocks 57.9 60.5 59.6 60.4 Production 377.7 359.0 402.3 392.3 Imports 2.3 2.9 2.4 2.4 Supply, Total 437.9 422.4 464.4 455.2 Feed and Residual 142.9 146.6 154.3 151.7 Food, Seed & Industrial 179.6 165.2 173.7 171.0 Domestic, Total 322.5 311.8 328.0 322.8 Exports 55.0 50.2 63.3 65.8 Use, Total 377.5 362.0 391.2 388.6 Ending Stocks 60.5 60.4 73.1 66.6 CORN 2018/ 19 2019/ 20 Es t . 2020/ 21 Pr oj . 2020/ 21 Pr oj A ugus t S ep t em b Million Acres Area Planted 88.9 89.7 92.0 92.0 Area Harvested 81.3 81.3 84.0 83.5 Bushels Yield per Harve sted Acre 176.4 167.4 181.8 178.5 Million Bushels Beginni ng Stocks 2,140 2,221 2,228 2,253 Production 14,340 13,617 15,278 14,900 Imports 28 45 25 25 Supply, Total 16,509 15,883 17,531 17,178 Feed and Residual 5,429 5,600 5,925 5,825 Food, S eed & Industri a l 2/ 6,793 6,265 6,625 6,525 Ethanol & by -products 3/ 5,378 4,855 5,200 5,100 Domestic, Total 12,222 11,865 12,550 12,350 Exports 2,066 1,765 2,225 2,325 Use, Total 14,288 13,630 14,775 14,675 Ending Stocks 2,221 2,253 2,756 2,503 Avg. Fa rm Price ($/bu) 4/ 3.61 3.60 3.10 3.50 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access th e data on the Web through the Feed Grai ns Databas e at www.ers.usda.gov/data -products/feed -gra ins -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by -products including distillers' grains, corn gluten feed, corn gluten meal, and co rn oil. 4/ Marketing - year weighted average price received by farmers. September 2020 WASDE - 604 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Aug Sep Million Bushels F ille r F ille r F ille r F ill er F Area Planted (mil. acres) 5.7 5.3 5.6 5.6 Area Harvested (mil. acres) 5.1 4.7 4.8 4.8 Yield (bushels/acre) 72.1 73.0 76.6 73.9 Beginning Stocks 35 64 30 35 Production 365 341 371 358 Import s 0 0 0 0 Supply, Total 400 405 401 393 Feed and Residual 138 90 70 70 Food, Seed & Industrial 106 75 45 40 Tota l Domestic 244 165 115 110 Exports 93 205 260 260 Use, Total 336 370 375 370 Ending Stocks 64 35 26 23 Avg. Fa rm Price ($/bu ) 2/ 3.26 3.30 3.10 3.50 F ille r F ille r F ille r Fille r F BARLEY 2018/ 19 2019/ 20 Es t . 2020/ 21 Pr oj . 2020/ 21 Pr oj A ugus t S ep t em b F ille r F ille r F ille r F ille r F Area Planted (mil. acres) 2.5 2.7 2.8 2.8 Area Harvested (mil. acres) 2.0 2.2 2.2 2.2 Yield (bushels/acre) 77.5 77.7 78.8 78.8 Beginning Stocks 94 87 80 80 Production 154 170 176 176 Imports 6 7 7 7 Supply, Total 254 263 263 263 Feed and Residual 15 41 30 30 Food, Seed & Industrial 148 136 143 143 Tota l Domestic 162 177 173 173 Exports 5 6 5 5 Use, Total 167 183 178 178 Ending Stocks 87 80 85 85 Avg. Farm Price ($/bu) 2/ 4.62 4.69 4.45 4.45 F ille r F ille r F ille r F ille r F OATS 2018/ 19 2019/ 20 Es t . 2020/ 21 Pr oj . 2020/ 21 Pr oj A ugus t S ep t em b F ill er F ille r F ille r F ille r F Area Pla nted (mil . acres) 2.7 2.8 3.1 3.1 Area Harvested (mil. acres) 0.9 0.8 1.0 1.0 Yield (bushels/acre) 64.9 64.3 65.0 65.0 Beginning Stocks 41 38 37 37 Production 56 53 65 65 Imports 86 92 96 96 Supply, Total 184 183 198 198 Feed and Residual 66 63 75 75 Food, Seed & Industrial 78 81 79 79 Tota l Domestic 144 144 154 154 Exports 2 2 2 2 Use, Total 146 146 156 156 Ending Stocks 38 37 42 42 Avg. Farm Price ($/bu) 2/ 2.66 2.82 2.70 2.70 F ille r F iller F ille r F ille r F Note: Totals may not a dd due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. September 2020 WASDE - 604 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Aug Sep Million Acres Area Planted 2.95 2.54 2.92 3.04 Area Harvested 2.91 2.47 2.87 2.99 F ille r Pounds Yield per Harves ted Acre 7,692 7,471 7,600 7,529 Million Hundredweight Beginning Stocks 2/ 29.4 44.9 30.7 28.7 Production 223.8 184.7 218.1 225.0 Imports 29.0 37.3 36.0 36.8 Supply, Tota l 282.2 266.8 284.8 290.4 Domestic & Residual 3/ 143.8 144.0 143.5 145.5 Exports, Total 4/ 93.6 94.2 97.0 99.0 Rough 33.3 31.2 34.5 36.0 Milled (rough equiv.) 60.3 62.9 62.5 63.0 Use, Total 237.3 238.2 240.5 244.5 Ending Stocks 44.9 28.7 44.3 45.9 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 12.60 13.20 12.70 12.60 T o t al LONG -GRAIN RICE 2018/ 19 2019/ 20 Es t . 2020/ 21 Pr oj . 2020/ 21 Pr oj A ugus t S ep t em b Harvested Acres (mil.) 2.18 1.73 Yield (pounds/acre) 7,517 7,261 Beginn ing Stocks 20.3 32.6 14.2 16.9 Production 163.6 125.6 159.1 168.9 Supply, Total 7/ 207.3 188.0 202.3 214.8 Domestic & Residual 3/ 108.5 106.4 109.0 111.0 Exports 8/ 66.2 64.6 69.0 71.0 Use, Total 174.7 171.1 178.0 182.0 Ending Stocks 32.6 16.9 24.3 32.8 Avg. Farm Price ($/cwt) 6/ 10.80 12.00 11.60 11.30 F ille r F ille r F ille r F ille r F MEDIUM & SHORT -GRAIN RICE 2018/ 19 2019/ 20 Es t . 2020/ 21 Pr oj . 2020/ 21 P ro j A ugu st S ep t em b Harvested Acres (mil.) 0.73 0.74 Yield (pounds/acre) 8,209 7,960 Beginning Stocks 7.6 10.2 14.4 10.7 Production 60.3 59.1 59.0 56.0 Supply, Total 7/ 72.8 77.8 80.5 74.5 Domestic & Residual 3/ 35.3 37.6 34.5 34.5 Exports 8/ 27.3 29.6 28.0 28.0 Use, Total 62.6 67.1 62.5 62.5 Ending Stocks 10.2 10.7 18.0 12.0 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 18.50 16.50 16.10 16.40 California 10/ 21.10 18.70 18.30 18.80 Other States 1/ 12.30 11.60 11.50 11.40 F ille r F ille r F ille r F ille r F Note: To tals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of ending stoc ks by type (in mil. cwt): 2015/16 -2.9; 2016/17- 3.5; 2017/18-1.4. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stoc ks. 4/ Include s rough rice and milled rice exports. Milled rice e xports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and br oken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain season -average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool pr ice is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the preliminary C alifornia SAFP forecast and the final price has averaged $1.00 per cwt from 2014/15-2018/19, with a high of $3.50 per cwt in 2017/18 and a low of -$0.20 per cwt in 2015/16. 10/ Marketing year beginning October 1. September 2020 WASD E - 604 - 15 U.S. Soybeans and Products Supply and Use (Domes tic Measure) 1/ SOYBEANS 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Aug Sep F ille r F ille r F ille r F ille r F Million Acres Area Planted 89.2 76.1 83.8 83.8 Area Harvested 87.6 75.0 83.0 83.0 F ille r Bushels Yield per Ha r vested Acre 50.6 47.4 53.3 51.9 Million Bushels Beginning Stocks 438 909 615 575 Production 4,428 3,552 4,425 4,313 Imports 14 16 15 15 Supply, Total 4,880 4,477 5,055 4,903 Crushings 2,092 2,170 2,180 2,180 Exports 1,752 1,680 2,125 2,125 Seed 88 97 100 100 Residual 39 -45 40 38 Use, Total 3,971 3,903 4,445 4,442 Ending Stocks 909 575 610 460 Avg. Farm Price ($/bu) 2/ 8.48 8.55 8.35 9.25 T o t al SOYBEAN OIL 201 8/ 19 2019/ 20 E st. 2020/ 21 Pr oj . 2020/ 21 Pr oj A ugus t S ep t em b F ille r F ille r F ille r F ille r F Million Pounds Beginning Stocks 1,995 1,775 2,060 1,845 Production 4/ 24,197 24,945 25,265 25,265 Imports 397 325 350 350 Supply, Total 26,590 27,045 27,675 27,460 Domestic Disappearance 22,874 22,450 23,000 23,000 Biodiesel 3/ 7,863 7,750 8,000 8,000 Food, Feed & other Industrial 15,011 14,700 15,000 15,000 Exports 1,940 2,750 2,600 2,600 Use, Total 24,815 25,200 25,600 25,600 Ending s tocks 1,775 1,845 2,075 1,860 Avg. Price (c/lb) 2/ 28.26 29.50 30.00 32.00 T o t al SOYBEAN MEAL 2018/ 19 2019/ 20 Es t . 2020/ 21 Pr oj . 2020/ 21 Pr oj A ugus t S ep t em b F ille r 1 2 3 4 Thousand Short Tons Beginning Stocks 555 402 375 400 Produc tion 4/ 48,814 51,098 51,425 51,400 Imports 683 600 400 400 Supply, Total 50,052 52,100 52,200 52,200 Domestic Disappearance 36,212 37,900 38,300 38,300 Exports 13,438 13,800 13,500 13,500 Use, Total 49,650 51,700 51,800 51,800 Ending Stocks 402 400 400 400 Avg. Price ($/s.t.) 2/ 308.28 300.00 290.00 315.00 T o t al Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year we ighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made from methyl ester as repo rted by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,175 million bushels for 2019/20 and 2,180 million bushels for 2020/21. September 2020 WASDE - 604 - 16 U.S. Sugar Suppl y and Use 1/ 2018/19 2019/20 Est. 2020/21 Proj. 2020/2 1 Proj. Aug Sep F ille r F ille r F ille r F ille r F 1,000 Short Tons, Raw Value Beginning Stocks 2,008 1,783 1,744 1,745 Production 2/ 8,999 7,989 9,265 9,292 Beet Sugar 4,939 4,244 5,199 5,165 Cane Sugar 4,060 3,745 4,066 4,127 Florida 2,005 2,106 2,135 2,135 Hawai i 0 0 0 0 Louisiana 1,907 1,513 1,850 1,850 Texas 147 126 81 142 Imports 3,070 4,263 3,044 2,913 TRQ 3/ 1,541 2,256 1,565 1,624 Other Program 4/ 438 415 350 350 Other 5/ 1,092 1,592 1,129 938 Mexico 1,000 1,382 1,079 888 Total Supply 14,077 14,035 14,053 13,949 Exports 35 35 35 35 Deliveries 12,231 12,255 12,230 12,255 Food 12,106 12,150 12,125 12,150 Other 6/ 126 105 105 105 Miscella n eous 28 0 0 0 Tota l Use 12,294 12,290 12,265 12,290 Ending Stocks 1,783 1,745 1,788 1,659 Stocks to Use Ratio 14.5 14.2 14.6 13.5 T o t al 1/ Fiscal years beginning Oct 1. Data a nd projections correspond to category components from "Sw eetener Market Data" (SMD). 2/ Production projections for 2019/20 and 2020/21 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2019/20, WTO raw sugar TRQ shortfall (83) and for 2020/21 (99). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Imports from Mexico; and high -tier tariff sugar and syrups not otherwise specified -- for 201 9/20 (210) and 2020/21 (50). 6/ Transfers accompanying deliveries for s uga r-containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE - reported deliveries: 2018/19 -- 374; estimated 2019/ 20 -- 340; projected 2020/21 -- 353. Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Endin g Stocks Suga r 1,000 Metric Tons, Actual Weight 2019/20 Est. Aug 1,169 5,278 91 4,498 1,233 807 2019/20 Est. Sep 1,169 5,278 105 4,518 1,222 812 2020/21 Proj. Aug 807 6,000 89 4,468 1,497 931 2020/21 Proj. Sep 812 6,000 89 4,468 1,502 931 1/ HFCS consumption by Mexico (1,000 metric tons, dry basi s): 2018/19 = 1,528; Estimated 2019/20 = 1,410; Projected 2020/21 = 1,470; Estimated Oct -July 2019/20 = 1,158, Oct -July 2018/19 =1,279. Footnote source for estimate: Comite Na cio nal para el De sarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2019/20 (365 est =300 dom.+65 import); 2020/21 (395 proj =330 dom .+65 import). Statistical Adjustments: 2019/20 (0), 2020/21 (0). September 2020 WASDE - 604 - 17 U.S. Cotton Supply and Use 1/ 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Aug Sep F ille r F iller F ille r F iller F Area Million Acres Pla nted 14.10 13.74 12.19 12.12 Harvested 9.99 11.61 9.25 9.01 F ille r Pounds Yield per Harvested Acre 882 823 938 910 Million 480 Pound Bales Beginning Stocks 4.20 4.85 7.20 7.25 Production 18.37 19.91 18.08 17.06 Imports 0.00 0.00 0.00 0.00 Supply, Total 22.57 24.77 25.28 24.32 Domestic Use 2.98 2.15 2.70 2.50 Exports, Total 14.84 15.53 15.00 14.60 Use, Total 17.81 17.68 17.70 17.10 Unaccounted 2/ -0.09 -0.16 -0.02 0.02 Ending Sto cks 4.85 7.25 7.60 7.20 Avg. Farm Price 3/ 70.3 59.5 59.0 59.0 T o t al Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the differen ce between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. September 2020 WASDE - 604 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 288.30 730.96 170.74 139.67 735.28 173.61 283.99 World Less China 157.11 599.53 167.60 119.67 610.28 172.61 144.22 United States 29.91 51.31 3.66 2.41 29.99 25.50 29.39 Tota l Foreign 258.40 679.65 167.08 137.26 705.29 148.11 254.60 Major Exporters 4/ 43.93 302.73 7.31 81.91 194.74 120.77 38.46 Argentina 0.47 19.50 0.01 0.05 6.05 12.19 1.74 Austra lia 5.55 17.60 0.50 5.70 9.20 9.01 5.44 Canada 6.73 32.20 0.48 4.16 9.14 24.38 5.89 European Union 5/ 17.94 136.69 5.76 51.50 121.05 23.31 16.02 Russia 12.01 71.69 0.45 18.00 40.50 35.86 7.78 Ukraine 1.24 25.06 0.11 2.50 8.80 16.02 1.59 Major Import ers 6/ 177.58 199.78 111.34 38.34 294.26 12.38 182.05 Bangladesh 2.23 1.10 5.10 0.28 7.18 0.00 1.26 Bra zil 1.31 5.43 7.02 0.50 12.10 0.60 1.06 China 131.20 131.43 3.15 20.00 125.00 1.01 139.77 Japan 1.23 0.86 5.73 0.68 6.48 0.29 1.05 N. Africa 7/ 14.87 21.00 26.96 2.25 46.10 1.19 15.53 Nigeria 0.20 0.06 4.66 0.05 4.32 0.40 0.20 Sel. Midea st 8/ 15.14 17.88 17.23 3.45 37.70 0.63 11.91 Southeast Asia 9/ 5.51 0.00 26.37 8.14 25.34 1.10 5.44 Selected Other India 13.23 99.87 0.02 5.00 95.63 0.50 16.99 Kazakhstan 2.54 13.95 0.09 1.80 6.60 8.30 1.68 2019/20 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 283.99 764.03 183.75 138.31 748.23 191.38 299.78 World Less China 144.22 630.44 178.37 119.31 622.23 190.33 148.10 United States 29.39 52.26 2.86 1.99 29.82 26.28 28.41 Tota l Foreign 254.60 711.77 180.89 136.32 718.41 165.10 271.37 Major Ex porters 4/ 38.46 325.01 6.66 81.11 195.16 141.31 33.66 Argentina 1.74 19.75 0.01 0.05 6.30 13.50 1.69 Austra lia 5.44 15.20 0.75 4.90 8.40 9.50 3.49 Canada 5.89 32.35 0.68 4.16 9.26 24.63 5.03 European Union 5/ 16.02 154.94 4.80 52.50 122.50 38.43 14.83 Russia 7.78 73.61 0.33 17.00 40.00 34.24 7.48 Ukraine 1.59 29.17 0.10 2.50 8.70 21.01 1.15 Major Importers 6/ 182.05 202.47 121.07 36.54 297.08 12.71 195.80 Bangladesh 1.26 1.20 6.75 0.30 7.40 0.00 1.81 Bra zil 1.06 5.20 7.20 0.50 12.10 0.42 0.94 China 139.77 133.59 5.38 19.00 126.00 1.05 151.68 Japan 1.05 1.10 5.68 0.60 6.30 0.29 1.24 N. Africa 7/ 15.53 18.40 27.58 1.85 46.25 1.03 14.23 Nigeria 0.20 0.06 5.25 0.05 4.91 0.40 0.20 Sel. Midea st 8/ 11.91 22.18 17.66 3.60 38.44 0.78 12.54 Southeast Asia 9/ 5.44 0.00 25.83 7.44 24.89 1.14 5.25 Selected Other India 16.99 103.60 0.02 6.00 96.11 0.51 23.99 Kazakhstan 1.68 11.45 0.55 1.50 6.30 6.70 0.69 1/ Aggregate of local marketin g years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing yea rs, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turke y, Egypt, Alge ria , Libya , Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, I raq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2020 WASDE - 604 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Aug 300.91 766.03 183.73 133.84 750.14 187.99 316.79 Sep 299.78 770.49 185.29 134.62 750.90 189.44 319.37 World Less China Aug 149.23 630.03 177.73 113.84 620.14 186.99 154.11 Sep 148.10 634.49 178.29 114.62 620.90 188.44 155.69 United States Aug 28.41 50.01 3.54 2.45 30.24 26.54 25.19 Sep 28.41 50.01 3.54 2.45 30.24 26.54 25.19 Tota l Foreign Aug 272.50 716.02 180.19 131.40 719.91 161.45 291.61 Sep 271.37 720.48 181.75 132.18 720.67 162.90 294.18 Major Exporters 4/ Aug 34.44 321.00 6.73 75.55 189.30 137.00 35.87 Sep 33.66 325.15 6.73 76.35 189.95 138.50 37.09 Argentina Aug 1.69 20.50 0.01 0.05 6.20 14.00 1.99 Sep 1.69 19.50 0.01 0.05 6.05 13.50 1.64 Austra lia Aug 3.49 26.00 0.20 3.50 7.00 17.50 5.19 Sep 3.49 28.50 0.20 4.00 7.50 19.00 5.69 Canada Aug 5.26 34.00 0.45 4.50 9.70 24.50 5.51 Sep 5.03 36.00 0.45 4.80 10.00 25.00 6.48 European Union 5/ Aug 15.36 135.50 5.50 47.50 117.30 25.50 13.56 Sep 14.83 136.15 5.50 47.50 117.30 25.50 13.68 Russia Aug 7.48 78.00 0.50 17.50 40.50 37.50 7.98 Sep 7.48 78.00 0.50 17.50 40.50 37.50 7.98 Ukraine Aug 1.16 27.00 0.08 2.50 8.60 18.00 1.63 Sep 1.15 27.00 0.08 2.50 8.60 18.00 1.62 Major Importers 6/ Aug 196.18 205.68 119.90 36.76 302.91 12.76 206.09 Sep 195.80 205.32 121.20 36.76 302.95 12.71 206.65 Bangladesh Aug 1.76 1.25 6.60 0.30 7.50 0.00 2.11 Sep 1.81 1.25 6.60 0.30 7.50 0.00 2.16 Bra zil Aug 0.94 6.80 6.60 0.50 12.20 0.70 1.44 Sep 0.94 6.60 6.70 0.50 12.20 0.70 1.34 China Aug 151.68 136.00 6.00 20.00 130.00 1.00 162.68 Sep 151.68 136.00 7.00 20.00 130.00 1.00 163.68 Japan Aug 1.24 0.87 5.60 0.60 6.25 0.28 1.18 Sep 1.24 0.87 5.60 0.60 6.25 0.28 1.18 N. Africa 7/ Aug 14.32 16.78 29.60 1.75 46.90 1.04 12.76 Sep 14.23 16.78 29.60 1.75 46.95 0.99 12.67 Nigeria Aug 0.20 0.06 5.10 0.05 4.76 0.40 0.20 Sep 0.20 0.06 5.10 0.05 4.76 0.40 0.20 Sel. Mideast 8/ Aug 12.58 22.35 18.05 3.62 39.41 0.67 12.89 Sep 12.54 22.18 18.25 3.62 39.40 0.67 12.90 Southeast Asia 9/ Aug 5.52 0.00 26.35 6.94 24.74 1.07 6.06 Sep 5.25 0.00 26.35 6.94 24.74 1.07 5.79 Selected Other India Aug 24.00 107.18 0.03 6.50 99.50 1.00 30.71 Sep 23.99 107.59 0.03 6.50 99.50 1.00 31.11 Kazakhstan Aug 0.84 12.50 0.20 1.40 6.20 6.30 1.04 Sep 0.69 12.50 0.20 1.40 6.20 6.30 0.89 1/ Aggregate of local marketing years. 2/ Total foreign a nd world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain i n transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tuni sia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan , Kuwait, Saud i Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2020 WASDE - 604 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 370.69 1,397.56 192.87 852.02 1,420.49 212.01 347.76 World Less China 147.71 1,133.05 182.33 656.57 1,133.12 211.94 137.17 United States 57.92 377.91 2.63 143.10 323.02 54.97 60.47 Tota l Foreign 312.77 1,019.66 190.24 708.92 1,097.47 157.04 287.29 Major Exporters 4/ 27.12 293.19 5.65 127.49 171.89 134.02 20.04 Argentina 3.37 59.22 0.01 12.28 18.09 40.89 3.61 Austra lia 2.29 11.51 0.01 5.29 7.30 4.08 2.43 Bra zil 9.71 104.33 2.32 59.95 70.98 39.72 5.65 Canada 4.57 26.20 2.62 16.19 24.12 5.97 3.30 Russia 1.37 35.00 0.05 18.80 27.37 7.84 1.22 Ukraine 2.91 44.50 0.06 7.93 10.96 34.07 2.45 Major Importers 5/ 39.96 243.73 143.23 295.66 379.86 10.32 36.74 European Union 6/ 16.33 148.27 26.44 127.00 168.69 8.82 13.53 Japan 1.82 0.18 17.73 13.78 17.89 0.00 1.84 Mexico 6.18 33.40 17.36 31.27 50.51 0.72 5.71 N. Afr & Mideast 7/ 7.76 31.08 38.82 61.98 70.10 0.10 7.46 Saudi A ra bia 2.63 0.29 10.17 10.75 11.13 0.00 1.97 Southeast Asia 8/ 2.56 30.22 17.14 37.99 45.82 0.68 3.41 South Korea 1.86 0.21 10.96 8.60 11.18 0.00 1.85 Select ed Other China 222.98 264.51 10.54 195.45 287.37 0.07 210.59 2019/20 Est. B e gi nni ng St oc ks Pr oduc t i on Im p Do m F eed Do m T o ta l 2 Expo Endi ng S t o ck World 3/ 347.76 1,406.51 202.50 872.49 1,416.63 206.45 337.64 World Less China 137.17 1,138.31 186.10 672.89 1,122.88 206.39 136.26 United States 60.47 359.30 3.19 146.78 312.33 50.20 60.43 Tota l Foreign 287.29 1,047.20 199.31 725.71 1,104.30 156.25 277.21 Major Exporters 4/ 20.04 305.17 4.36 133.94 178.29 129.32 21.96 Argentina 3.61 56.75 0.01 11.85 17.44 40.01 2.92 Austra lia 2.43 10.44 0.01 5.00 6.97 3.52 2.38 Bra zil 5.65 105.57 1.90 62.01 73.14 34.01 5.97 Canada 3.30 28.62 2.08 18.01 25.05 5.24 3.71 Russia 1.22 40.50 0.17 22.19 31.29 8.38 2.22 Ukraine 2.45 46.55 0.03 7.99 11.11 35.65 2.26 Major Importers 5/ 36.74 255.13 144.12 299.69 386.04 15.08 34.87 European Union 6/ 13.53 161.24 20.18 124.85 168.16 13.37 13.42 Japan 1.84 0.22 17.67 13.78 17.90 0.00 1.83 Mexico 5.71 30.41 18.01 31.27 50.70 1.00 2.43 N. Afr & Mideast 7/ 7.46 33.33 42.29 66.36 74.66 0.14 8.28 Saudi Arabia 1.97 0.27 11.51 11.15 11.51 0.00 2.24 Southeast Asia 8/ 3.41 29.38 18.68 38.92 46.96 0.57 3.94 South Korea 1.85 0.20 11.50 9.04 11.63 0.00 1.92 Selected Other China 210.59 268.20 16.40 199.60 293.75 0.06 201.38 1/ Aggregate of local marketing years. Coarse grains include co rn, sorghum, b arley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mix ed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World import s and exports may not balance due to differences in mar keting years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ The European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Ira n, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2020 WASDE - 604 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Aug 341.05 1,464.70 214.36 896.8 1 1,457.44 221.02 348.31 Sep 337.64 1,460.26 215.86 900.40 1,460.66 224.09 337.25 Worl d Less China Aug 136.67 1,197.32 195.91 697.31 1,161.76 220.95 153.86 Sep 136.26 1,192.89 197.41 698.90 1,162.98 224.02 147.80 United States Aug 59.67 402.59 2.72 154.52 328.55 63.27 73.16 Sep 60.43 392.63 2.72 151.98 323.34 65.81 66.64 Tota l Foreign Aug 281.38 1,062.11 211.64 742.29 1,128.89 157.75 275.14 Sep 277.21 1,067.63 213.13 748.42 1,137.31 158.28 270.61 Major Exporters 4/ Aug 22.90 313.52 4.15 133.93 179.18 134.66 26.73 Sep 21.96 318.34 4.15 136.84 182.26 135.86 26.33 Argen tina Aug 2.92 56.42 0.01 13.16 18.80 37.01 3.54 Sep 2.92 56.37 0.01 13.11 18.75 37.01 3.54 Austra lia Aug 2.38 13.66 0.00 5.88 7.87 5.15 3.02 Sep 2.38 14.26 0.00 6.08 8.15 5.35 3.14 Bra zil Aug 5.97 110.41 2.20 61.08 72.22 38.01 8.35 Sep 5.97 113.41 2.20 63.08 74.22 39.01 8.35 Canada Aug 4.72 29.60 1.76 17.41 25.39 5.40 5.29 Sep 3.71 29.17 1.76 17.37 25.15 5.40 4.08 Russia Aug 2.22 38.93 0.07 22.13 31.03 8.18 2.01 Sep 2.22 41.63 0.07 22.83 32.03 9.18 2.71 Ukraine Aug 2.18 49.90 0.02 7.60 10.88 38.61 2.61 Sep 2.26 48.90 0.02 7.70 10.98 37.61 2.58 Major Importers 5/ Aug 34.76 260.59 153.10 313.83 401.84 11.09 35.52 Sep 34.87 260.03 154.30 314.82 402.84 10.32 36.03 European Union 6/ Aug 13.76 162.36 25.29 132.70 177.15 9.74 14.51 Sep 13.42 161.66 25.29 132.70 177.15 8.74 14.47 Japan Aug 1.81 0.20 17.67 13.75 17.87 0.00 1.81 Sep 1.83 0.20 17.67 13.75 17.87 0.00 1.83 Mexico Aug 2.43 33.60 18.75 32.17 51.60 0.60 2.58 Sep 2.43 33.60 18.75 31.87 51.30 0.90 2.58 N. Afr & Mideast 7/ Aug 8.22 33.77 44.86 69.69 78.32 0.12 8.42 Sep 8.28 33.77 45.26 70.09 78.72 0.12 8.47 Saudi Ara bia Aug 2.24 0.27 11.21 11.05 11.41 0.00 2.31 Sep 2.24 0.27 11.71 11.55 11.91 0.00 2.31 Southeast Asia 8/ Aug 3.67 30.11 19.03 40.66 48.82 0.63 3.35 Sep 3.94 30.25 19.33 41.05 49.22 0.56 3.74 South Korea Aug 1.92 0.20 11.91 9.45 12.09 0.00 1.95 Sep 1.92 0.20 11.91 9.45 12.09 0.00 1.95 Selected Other China Aug 204.38 267.38 18.45 199.50 295.68 0.07 194.45 Sep 201.38 267.38 18.45 201.50 297.68 0.07 189.45 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. ex cludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance d ue to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ The European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2020 WASDE - 604 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 341.18 1,123.62 163.16 703.0 7 1,144.26 181.06 320.54 World Less China 118.66 866.29 158.67 512.07 870.26 181.04 110.22 United States 54.37 364.26 0.71 137.91 310.45 52.48 56.41 Tota l Foreign 286.82 759.36 162.45 565.16 833.81 128.57 264.13 Major Exporters 4/ 16.16 211.04 2.25 85.90 107.60 111.47 10.38 Argentina 2.41 51.00 0.01 9.70 13.80 37.24 2.37 Bra zil 9.32 101.00 1.66 57.00 67.00 39.68 5.29 Russia 0.20 11.42 0.04 7.60 8.50 2.77 0.38 South Africa 2.67 11.82 0.51 7.00 12.50 1.45 1.06 Ukrai ne 1.57 35.81 0.04 4.60 5.80 30.32 1.29 Major Importers 5/ 23.91 129.09 99.41 170.43 225.07 5.03 22.32 Egypt 1.85 6.80 9.37 13.70 16.20 0.00 1.81 European Union 6/ 9.82 64.36 25.21 68.00 88.00 3.63 7.76 Japan 1.39 0.00 16.05 12.30 16.00 0.00 1.44 Mexico 5.65 27.60 16.66 25.90 44.10 0.72 5.09 Southeast Asia 7/ 2.55 30.17 16.76 37.70 45.40 0.68 3.40 South Korea 1.85 0.08 10.86 8.56 10.95 0.00 1.84 Selected Other 0.00 Canada 2.42 13.89 2.56 9.30 15.09 1.80 1.98 China 222.53 257.33 4.48 191.00 274.00 0.02 210.32 2019/20 Est. B e gi nni ng St oc ks Pr oduc t i on Im p o rts D o m e stic F eed D o m e stic T o ta l 2/ Expor t s Endi ng St oc ks World 3/ 320.54 1,112. 84 167.48 707.95 1,124.23 170.33 309.15 World Less China 110.22 852.07 160.48 515.95 847.23 170.31 108.08 United States 56.41 345.89 1.14 142.25 301.39 44.83 57.23 Tota l Foreign 264.13 766.94 166.33 565.71 822.84 125.50 251.92 Major Exporters 4/ 10.38 218.4 1 1.27 88.50 110.45 108.20 11.42 Argentina 2.37 50.00 0.01 9.50 13.50 37.00 1.87 Bra zil 5.29 102.00 1.20 59.00 69.00 34.00 5.49 Russia 0.38 14.28 0.05 8.70 9.70 4.20 0.80 South Africa 1.06 16.25 0.00 6.80 12.60 2.50 2.21 Ukraine 1.29 35.89 0.02 4.50 5.65 30.50 1.05 Major Importers 5/ 22.32 127.55 96.52 165.10 221.10 6.37 18.91 Egypt 1.81 6.40 10.60 14.60 17.10 0.01 1.70 European Union 6/ 7.76 66.67 19.50 60.70 81.90 4.80 7.23 Japan 1.44 0.00 16.00 12.30 16.00 0.00 1.44 Mexico 5.09 25.00 17.00 26.00 44.20 1.00 1.89 Southeast Asia 7/ 3.40 29.33 17.82 38.20 46.05 0.56 3.93 South Korea 1.84 0.07 11.40 9.00 11.40 0.00 1.91 Selected Other 0.00 Canada 1.98 13.40 2.00 9.20 14.20 0.90 2.28 China 210.32 260.77 7.00 192.00 277.00 0.02 201.07 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world impo rts and exports. 3/ World imports and exports may not balance due to differences in marketing year s, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European Union, Japa n, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2020 WASDE - 604 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Aug 311.30 1,171.03 178.94 731.97 1,164.87 184.66 317.46 Sep 309.15 1,162.38 179.34 733.11 1,164.74 186.03 306.79 Worl d Less China Aug 107.23 911.03 171.94 541.97 887.87 184.64 123.41 Sep 108.08 902.38 172.34 541.11 885.74 186.01 117.75 United States Aug 56.59 388.08 0.64 150.50 318.79 56.52 70.01 Sep 57.23 378.47 0.64 147.96 313.70 59.06 63.57 Tota l F oreign Aug 254.70 782.95 178.31 581.47 846.08 128.14 247.45 Sep 251.92 783.91 178.71 585.15 851.03 126.97 243.23 Major Exporters 4/ Aug 11.32 225.80 1.56 89.50 111.50 112.20 14.98 Sep 11.42 227.50 1.56 91.80 113.80 111.70 14.98 Argentina Aug 1.87 50.00 0.01 11.00 15.00 34.00 2.88 Sep 1.87 50.00 0.01 11.00 15.00 34.00 2.88 Brazil Aug 5.49 107.00 1.50 58.00 68.00 38.00 7.99 Sep 5.49 110.00 1.50 60.00 70.00 39.00 7.99 Russia Aug 0.80 15.30 0.04 9.70 10.80 4.40 0.94 Sep 0.80 15.00 0.04 9.90 11.00 3.90 0.94 South Africa Aug 2.21 14.00 0.00 6.60 12.30 2.30 1.61 Sep 2.21 14.00 0.00 6.60 12.30 2.30 1.61 Ukraine Aug 0.95 39.50 0.02 4.20 5.40 33.50 1.56 Sep 1.05 38.50 0.02 4.30 5.50 32.50 1.56 Major Importers 5/ Aug 18.44 132.42 104.55 175.05 232.10 4.94 18.36 Sep 18.91 131.06 104.65 174.45 231.50 4.17 18.94 Egypt Aug 1.60 6.40 11.00 14.80 17.30 0.01 1.69 Sep 1.70 6.40 11.00 14.80 17.30 0.01 1.79 European Union 6/ Aug 7.23 67.80 25.00 67.00 89.00 3.70 7.33 Sep 7.23 66.30 25.00 66.50 88.50 2.70 7.33 Japan Aug 1.44 0.00 16.00 12.30 16.00 0.00 1.45 Sep 1.44 0.00 16.00 12.30 16.00 0.00 1.45 Mexico Aug 1.89 28.00 18.30 27.30 45.55 0.60 2.04 Sep 1.89 28.00 18.30 27.00 45.25 0.90 2.04 Southeast Asia 7/ Aug 3.66 30.06 18.15 39.90 47.90 0.63 3.34 Sep 3.93 30.20 18.25 40.10 48.10 0.56 3.72 South Korea Aug 1.91 0.08 11.80 9.40 11.85 0.00 1.93 Sep 1.91 0.08 11.80 9.40 11.85 0.00 1.93 Selec ted Other Canada Aug 2.26 14.30 1.70 9.60 15.00 1.00 2.26 Sep 2.28 14.00 1.70 9.60 14.80 1.00 2.18 China Aug 204.07 260.00 7.00 190.00 277.00 0.02 194.05 Sep 201.07 260.00 7.00 192.00 279.00 0.02 189.05 1/ Aggreg a te of loca l m arketing years. 2/ Total foreign and world use adjusted to reflect the differences in w orld imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some count ries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European Un ion, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2020 WASDE - 604 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 164.17 496.6 8 43.76 483.97 43.72 176.88 World Less China 55.17 348.19 40.56 341.05 40.95 61.88 United States 0.93 7.11 0.92 4.57 2.97 1.42 Tota l Foreign 163.24 489.57 42.84 479.40 40.75 175.46 Major Exporters 4/ 28.88 184.66 0.76 145.41 31.76 37.14 Burma 0.81 13.20 0.01 10.25 2.70 1.07 India 22.60 116.48 0.00 99.16 10.42 29.50 Pa kis tan 1.42 7.30 0.00 3.30 4.49 0.93 Tha ila nd 3.01 20.34 0.25 11.50 7.56 4.54 Vietna m 1.03 27.34 0.50 21.20 6.58 1.10 Major Import ers 5/ 122.58 239.15 17.11 247.82 3.18 127.83 China 109.00 148.49 3.20 142.92 2.77 115.00 European Union 6/ 1.18 1.97 2.15 3.80 0.30 1.19 Indonesia 5.56 34.20 0.60 36.30 0.00 4.06 Nigeria 1.58 4.54 1.90 6.80 0.00 1.22 Philippines 2.29 11.73 3.60 14.10 0.00 3.52 Sel. Midea st 7/ 0.90 2.01 3.91 5.90 0.00 0.91 Selected Other 0.00 Bra zil 0.59 7.14 0.75 7.35 0.88 0.25 C. Amer & Carib 8/ 0.63 1.65 1.79 3.37 0.04 0.67 Egypt 1.56 2.80 0.81 4.20 0.02 0.95 Japan 2.22 7.66 0.63 8.40 0.07 2.05 Mexico 0.15 0.19 0.74 0.92 0.03 0.14 South Korea 1.56 3.87 0.29 4.57 0.05 1.09 2019/20 Est. B e gi nni ng St oc ks Pr oduc t i on Im p o T o ta l /2 Do m Expor t s End in g S t o ck World 3/ 176.88 495.93 40.09 491.14 42.34 181.68 World Less China 61.88 349.20 37.69 346.11 39.74 65.18 United States 1.42 5.86 1.19 4.57 2.99 0.91 Tota l Foreign 175.46 490.07 38.90 486.57 39.35 180.77 Major Exporters 4/ 37.14 183.13 0.66 148.18 30.50 42.25 Burma 1.07 12.70 0.01 10.45 2.20 1.13 India 29.50 118.43 0.00 102.13 10.80 35.00 Paki stan 0.93 7.20 0.00 3.00 4.40 0.73 Tha ila nd 4.54 17.66 0.25 11.50 6.50 4.44 Vietna m 1.10 27.15 0.40 21.10 6.60 0.95 Major Importers 5/ 127.83 239.27 13.13 249.48 2.96 127.79 China 115.00 146.73 2.40 145.03 2.60 116.50 European Union 6/ 1.19 1.98 2.30 4.00 0.30 1.17 Indonesia 4.06 34.00 0.55 35.50 0.00 3.11 Nigeria 1.22 5.04 1.00 6.55 0.00 0.71 Philippines 3.52 11.93 2.45 14.30 0.00 3.60 Sel. Midea st 7/ 0.91 2.34 3.40 5.80 0.00 0.85 Selected Other 0.00 Bra zil 0.25 7.56 0.80 7.20 1.10 0.31 C. Amer & Car ib 8/ 0.67 1.46 1.85 3.29 0.04 0.64 Egypt 0.95 4.30 0.30 4.40 0.02 1.13 Japan 2.05 7.61 0.69 8.30 0.07 1.97 Mexico 0.14 0.17 0.79 0.93 0.01 0.15 South Korea 1.09 3.74 0.48 4.10 0.06 1.16 1/ Aggregate of local marketi ng years. 2/ Total foreign and world use adjusted to reflect the differences in world impor ts and exports. Total domestic includes both domestic use and unreported disappea rance . 3/ World imports and exports may not balance due to differenc es in some cou ntries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, an d Saudi Arabia. 8/ Central American and Caribbean countries. September 202 0 WASDE - 604 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginn ing Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Aug 181.67 500.05 42.04 496.53 44.26 185.19 Sep 181.68 499.58 42.21 496.42 44.50 184.83 World Less China Aug 65.17 353.05 39.84 350.23 41.36 68.69 Sep 65.18 352.58 40.01 350.12 41.60 68.33 United States Aug 0.98 6.93 1.14 4.56 3.08 1.41 Sep 0.91 7.14 1.17 4.62 3.14 1.46 Tota l Foreign Aug 180.69 493.12 40.89 491.98 41.18 183.78 Sep 180.77 492.43 41.04 491.80 41.35 183.38 Major Exporters 4/ Aug 42.30 185.60 0.61 150.70 32.30 45.51 Sep 42.25 185.10 0.61 150.40 32.30 45.26 Burma Aug 1.13 13.10 0.01 10.60 2.20 1.44 Sep 1.13 13.00 0.01 10.60 2.20 1.34 India Aug 35.00 118.00 0.00 104.00 11.00 38.00 Sep 35.00 119.00 0.00 104.00 12.00 38.00 Paki stan Aug 0.73 7.50 0.00 3.10 4.30 0.83 Sep 0.73 7.50 0.00 3.10 4.30 0.83 Tha ila nd Aug 4.49 20.00 0.20 11.80 8.50 4.39 Sep 4.44 18.60 0.20 11.50 7.50 4.24 Vietna m Aug 0.95 27.00 0.40 21.20 6.30 0.85 Sep 0.95 27.00 0.40 21.20 6.30 0.85 Major Importers 5/ Aug 127.82 239.94 14.15 251.30 3.26 127.35 Sep 127.79 239.59 14.20 251.20 3.26 127.12 China Aug 116.50 147.00 2.20 146.30 2.90 116.50 Sep 116.50 147.00 2.20 146.30 2.90 116.50 European Un ion 6/ Aug 1.16 1.97 2.35 4.10 0.30 1.08 Sep 1.17 1.99 2.35 4.10 0.30 1.10 Indonesia Aug 3.16 34.90 0.50 35.40 0.00 3.16 Sep 3.11 34.90 0.50 35.40 0.00 3.11 Nigeria Aug 0.71 5.04 1.20 6.40 0.00 0.55 Sep 0.71 5.04 1.20 6.40 0.00 0.55 Philippines Aug 3.58 11.00 3.00 14.40 0.00 3.18 Sep 3.60 11.00 3.00 14.40 0.00 3.20 Sel. Mi deast 7/ Aug 0.85 2.33 3.60 6.00 0.00 0.78 Sep 0.85 2.27 3.65 6.00 0.00 0.76 Selected Other Bra zil Aug 0.21 7.21 0.80 7.15 0.80 0.27 Sep 0.31 7.34 0.80 7.20 0.90 0.35 C. Amer & Carib 8/ Aug 0.64 1.55 1.90 3.41 0.03 0.65 Sep 0.64 1.55 1.90 3.41 0.03 0.64 Egypt Aug 1.13 4.30 0.25 4.50 0.02 1.16 Sep 1.13 4.30 0.25 4.50 0.02 1.16 Japan Aug 1.97 7.65 0.69 8.25 0.08 1.98 Sep 1.97 7.65 0.69 8.25 0.08 1.98 Mexico Aug 0.16 0.19 0.80 0.95 0.01 0.19 Sep 0.15 0.19 0.80 0.95 0.01 0.19 South Korea Aug 1.16 3.86 0.45 4.00 0.06 1.41 Sep 1.16 3.86 0.45 4.00 0.06 1.41 1/ Aggregate of l ocal marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nige ria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. September 2020 WASDE - 604 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2018/19 Beginning Stocks Produc tion Imports Domestic Use Exports Loss /2 Ending Stocks World 80.93 118.65 42.32 120.19 41.40 0.04 80.27 World Less China 42.94 90.90 32.68 80.69 41.19 0.04 44.60 United States 4.20 18.37 3/ 2.98 14.84 -0.09 4.85 Tota l Foreign 76.73 100.29 42.31 117.22 26.56 0.14 75.42 Major Exporters 4/ 26.93 54.61 2.48 33.02 22.32 0.02 28.66 Centra l Asia 5/ 2.67 5.44 3/ 3.80 2.04 0.00 2.28 Afr. Fr. Zone 6/ 1.61 5.43 3/ 0.17 5.47 0.00 1.41 S. Hemis. 7/ 13.19 17.31 0.18 4.39 10.86 0.01 15.41 Austra lia 3.04 2.20 3/ 0.04 3.63 0.00 1.57 Bra zil 8.66 13.00 0.02 3.40 6.02 0.00 12.26 India 9.23 25.80 1.80 24.00 3.51 0.00 9.31 Major Importers 8/ 47.95 42.69 37.29 80.02 3.01 0.11 44.80 Mexico 0.66 1.74 0.85 2.00 0.52 0.03 0.69 China 37.99 27.75 9.64 39.50 0.21 0.00 35.67 European Union 9 / 0.30 1.71 0.64 0.70 1.72 0.03 0.21 Turkey 1.78 3.75 3.50 6.90 0.48 0.00 1.64 Paki stan 2.83 7.60 2.85 10.70 0.06 0.03 2.50 Indonesia 0.63 3/ 3.05 3.15 0.01 0.00 0.53 Tha ila nd 0.20 3/ 1.08 1.08 0.00 0.03 0.18 Bang l ad esh 1.86 0.14 7.00 7.20 0.00 0.01 1.78 Vietna m 1.29 3/ 6.94 7.00 0.00 0.00 1.23 2019/20 Est. B e gi nni ng S t o ck Pr oduc tio n Im p o Dom U Expo L o ss /2 Endi ng St oc ks World 80.27 121.98 40.03 102.13 40.74 -0.03 99.44 World Less China 44.60 94.73 32.89 69.13 40.58 -0.03 62.54 United States 4.85 19.91 3/ 2.15 15.53 -0.16 7.25 Tota l Foreign 75.42 102.07 40.02 99.98 25.21 0.13 92.19 Major Exporters 4/ 28.66 58.36 2.90 28.27 21.04 0.02 40.59 Centra l Asi a 5/ 2.28 5.96 3/ 3.94 1.58 0.00 2.72 Afr. Fr. Zone 6/ 1.41 5.91 3/ 0.14 4.65 0.00 2.53 S. Hemis. 7/ 15.41 16.54 0.15 3.59 11.28 0.01 17.22 Austra lia 1.57 0.63 3/ 0.04 1.36 0.00 0.80 Bra zil 12.26 13.40 0.01 2.70 8.94 0.00 14.02 India 9.31 29.50 2.30 20.00 3.25 0.00 17.86 Major Importers 8/ 44.80 40.62 34.71 68.05 2.89 0.11 49.08 Mexico 0.69 1.57 0.55 1.50 0.53 0.03 0.76 China 35.67 27.25 7.14 33.00 0.16 0.00 36.90 European Union 9/ 0.21 2.00 0.57 0.60 1.76 0.03 0.40 Turkey 1.64 3.45 4.58 6.60 0.36 0.00 2.71 Paki stan 2.50 6.20 3.80 9.20 0.05 0.03 3.22 Indonesia 0.53 3/ 2.60 2.55 0.01 0.00 0.58 Tha ila nd 0.18 3/ 0.70 0.70 0.00 0.03 0.15 Ba ngl adesh 1.78 0.14 7.00 6.50 0.00 0.01 2.42 Vietna m 1.23 3/ 6.48 6.10 0.00 0.00 1.61 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stock s based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbek istan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regi ons listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. September 2020 WASDE - 604 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2020/21 Proj. Beginning Stocks Production Imports Domesti c Use Exports Loss /2 Ending Stocks World Aug 100.56 117.53 41.58 113.05 41.59 0.11 104.91 Sep 99.44 117.20 41.75 112.69 41.72 0.15 103.84 World Less China Aug 63.81 91.03 32.58 76.55 41.46 0.11 69.29 Sep 62.54 89.95 32.75 76.19 41.60 0.15 67.32 United States Aug 7.20 18.08 3/ 2.70 15.00 -0.02 7.60 Sep 7.25 17.06 3/ 2.50 14.60 0.02 7.20 fille r fille r fille r fille r fille r fille r fille r Tota l Foreign Aug 93.36 99.45 41.57 110.35 26.59 0.13 97.31 Sep 92.19 100.14 41.75 110.19 27.12 0.13 96.64 Major Exporters 4/ Aug 41.87 57.44 1.71 31.43 22.81 0.02 46.77 Sep 40.59 57.88 1.71 31.33 23.35 0.02 45.48 Centra l Asia 5/ Aug 2.73 5.67 3/ 4.14 1.41 0.00 2.86 Sep 2.72 5.67 3/ 4.14 1.41 0.00 2.85 Afr. Fr. Zone 6/ Aug 2.53 5.59 3/ 0.14 5.12 0.00 2.86 Sep 2.53 5.53 3/ 0.14 5.06 0.00 2.86 S. Hemis. 7/ Aug 17.14 16.13 0.16 4.02 11.12 0.01 18.28 Sep 17.22 16.33 0.16 3.92 11.62 0.01 18.16 Austra lia Aug 0.79 1.90 3/ 0.04 1.00 0.00 1.65 Sep 0.80 2.10 3/ 0.04 1.30 0.00 1.57 fille r fille r fille r fille r fille r fille r fille r Bra zil Aug 13.92 12.00 0.03 3.10 9.00 0.00 13.85 Sep 14.02 12.00 0.03 3.00 9.20 0.00 13.85 India Aug 19.21 29.70 1.00 22.50 4.90 0.00 22.51 Sep 17.86 30.00 1.00 22.50 5.00 0.00 21.36 Major Importers 8/ Aug 48.96 38.96 37.29 75.00 2.39 0.11 47.72 Sep 49.08 39.21 37.47 74.92 2.39 0.11 48.33 Mexico Aug 0.76 1.05 0.65 1.70 0.20 0.03 0.54 Sep 0.76 1.05 0.60 1.60 0.20 0.03 0.59 China Aug 36.75 26.50 9.00 36.50 0.13 0.00 35.62 Sep 36.90 27.25 9.00 36.50 0.13 0.00 36.52 European Unio n 9/ Aug 0.40 1.76 0.60 0.66 1.65 0.03 0.42 Sep 0.40 1.76 0.60 0.66 1.65 0.03 0.42 Turkey Aug 2.72 3.00 4.20 7.00 0.33 0.00 2.59 Sep 2.71 2.80 4.30 7.00 0.33 0.00 2.49 Paki stan Aug 3.22 6.50 3.50 10.00 0.08 0.03 3.12 Sep 3.22 6.20 3.80 10.00 0.08 0.03 3.12 Indonesia Aug 0.63 3/ 2.90 2.90 0.01 0.00 0.63 Sep 0.58 3/ 2.90 2.90 0.01 0.00 0.58 Tha ila nd Aug 0.15 3/ 0.88 0.85 0.00 0.03 0.15 Sep 0.15 3/ 0.85 0.83 0.00 0.03 0.15 Bangladesh Aug 2.42 0.15 7.30 7.30 0.00 0.01 2.55 Sep 2.42 0.15 7.30 7.30 0.00 0.01 2.55 Vietna m Aug 1.59 3/ 7.00 6.80 0.00 0.00 1.79 Sep 1.61 3/ 6.80 6.80 0.00 0.00 1.61 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, Chi na, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated en ding stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Repub lic, Cha d, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, a nd Zimbabwe. 8 / In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Inclu des intra -EU trade. September 2020 WASDE - 604 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 98.75 361.06 145.05 297.76 343.35 148.42 113.10 World Less China 75.68 345.10 62.51 212.76 241.35 148.30 93.64 United States 11.92 120.52 0.38 56.94 60.40 47.68 24.74 Total Foreign 86.82 240.55 144.67 240.82 282.94 100.74 88.36 Major Exporters 3/ 56.95 186.34 6.56 86.79 96.53 91.35 61.98 Argentina 23.73 55.30 6.41 40.57 47.45 9.10 28.89 Brazil 32.70 119.70 0.14 42.53 45.18 74.59 32.77 Paraguay 0.51 8.51 0.01 3.62 3.82 4.90 0.32 Major Importers 4/ 25.67 19.84 114.98 113.03 138.08 0.32 22.09 China 23.06 15.97 82.54 85.00 102.00 0.12 19.46 European Union 1.40 2.67 14.98 15.60 17.26 0.18 1.61 Southeast Asia 0.84 0.66 8.27 3.81 9.08 0.02 0.67 Mexico 0.17 0.34 5.87 6.15 6.20 0.00 0.18 2019/20 Est. B e gi nni ng S t o ck Pr oduc t i o Im p Do m C ru sh Do T Exp Endi ng S t o ck World 2/ 113.10 337.30 163.50 307.78 351.99 165.90 96.01 World Less China 93.64 319.20 65.50 217.28 243.79 165.80 68.75 United States 24.74 96.68 0.44 59.06 60.49 45.72 15.64 Total Foreign 88.36 240.62 163.06 248.73 291.50 120.18 80.37 Major Exporters 3/ 61.98 187.59 5.34 87.58 97.22 111.57 46.12 Argentina 28.89 49.70 4.65 39.50 46.59 10.25 26.40 Brazil 32.77 126.00 0.67 44.25 46.50 93.50 19.43 Paraguay 0.32 9.90 0.02 3.75 4.05 5.90 0.29 Major Importers 4/ 22.09 21.77 132.13 119.42 145.28 0.37 30.34 China 19.46 18.10 98.00 90.50 108.20 0.10 27.26 European Union 1.61 2.62 15.70 16.00 17.71 0.25 1.96 Southeast Asia 0.67 0.61 9.04 4.22 9.54 0.02 0.76 Mexico 0.18 0.24 6.00 6.20 6.25 0.00 0.16 2020/ 21 Proj. B eg i nni ng S t o ck Pr oduc t i o Im p Do m C ru sh Do T Exp Endi ng S t o ck World 2/ Aug 95.85 370.4 0 162.49 320.08 367.90 165.49 95.36 Sep 96.01 369.74 163.25 320.80 369.07 166.34 93.59 World Less China Aug 68.60 352.90 63.49 222.08 251.5 0 165.39 68.10 Sep 68.75 352.24 64.25 222.80 252.67 166.24 66.33 United States Aug 16.73 120.42 0.41 59.33 63.14 57.83 16.59 Sep 15.64 117.38 0.41 59.33 63.07 57.83 12.52 Total Foreign Aug 79.12 249.98 162.09 260.75 304.76 107.65 78.77 Sep 80.37 252.37 162.84 261.47 306.00 108.50 81.07 Major Exporters 3/ Aug 45.09 196.85 4.16 91.88 101.63 99.83 44.64 Sep 46.12 198.84 4.41 91.38 101.53 100.82 47.02 Argentina Aug 25.70 53.50 4.00 43.00 50.20 7.50 25.50 Sep 26.40 53.50 4.00 42.00 49.20 7.50 27.20 Brazil Aug 19.10 131.00 0.15 45.00 47.25 84.00 19.00 Sep 19.43 133.00 0.40 45.50 48.15 85.00 19.68 Paraguay Aug 0.29 10.25 0.01 3.80 4.10 6.30 0.14 Sep 0.29 10.25 0.01 3.80 4.10 6.30 0.14 Major Importe rs 4/ Aug 30.35 21.43 132.78 126.99 153.87 0.33 30.37 Sep 30.34 21.48 132.78 127.19 154.07 0.38 30.16 China Aug 27.26 17.50 99.00 98.00 116.40 0.10 27.26 Sep 27.26 17.50 99.00 98.00 116.40 0.10 27.26 European Union Aug 1.98 2.75 14.90 15.70 17.43 0.20 2.00 Sep 1.96 2.80 14.90 15.90 17.63 0.25 1.79 Southeast Asia Aug 0.75 0.60 9.37 4.37 9.92 0.03 0.78 Sep 0.76 0.60 9.37 4.37 9.92 0.03 0.78 Mexico Aug 0.16 0.35 6.10 6.40 6.47 0.00 0.14 Sep 0.16 0.35 6.10 6.40 6.47 0.00 0.14 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports a nd imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Total s may not add due to rounding. September 2020 WASDE - 604 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.45 233.36 62.05 229.84 67.28 11.74 World Less China 13.45 166.04 62.03 163.43 66.35 11.74 United States 0.50 44.28 0.62 32.85 12.19 0.37 Tota l Foreign 12.94 189.07 61.43 196.99 55.09 11.37 Major Exporters 3/ 6.99 71.84 0.10 26.05 47.11 5.76 Argentina 2.48 31.20 0.03 3.13 28.83 1.74 Bra zil 4.30 32.96 0.02 17.65 16.09 3.54 India 0.22 7.68 0.05 5.28 2.18 0.48 Major Importers 4/ 1.58 22.02 38.88 60.26 0.59 1.64 European Union 0.21 12.32 18.76 30.44 0.37 0.48 Mexico 0.04 4.86 1.84 6.58 0.01 0.15 Southeast Asia 5/ 1.21 2.98 16.69 19.77 0.20 0.91 2019/20 Est. B e gi nni n S to Pr oduc t i on Im p o Do T Exp Endi n S to World 2/ 11.74 241.76 63.06 239.71 66.94 9.92 World Less China 11.74 170.09 63.01 169.09 65.84 9.92 United States 0.37 46.36 0.54 34.38 12.52 0.36 Tota l Foreign 11.37 195.41 62.52 205.32 54.42 9.56 Major Exporters 3/ 5.76 71.47 0.07 26.86 45.95 4.49 Argentina 1.74 30.40 0.00 3.28 27.00 1.86 Bra zil 3.54 34.35 0.02 18.09 17.50 2.32 India 0.48 6.72 0.05 5.49 1.45 0.31 Ma jor Importer s 4/ 1.64 22.72 39.13 61.65 0.57 1.26 European Union 0.48 12.64 18.20 30.79 0.35 0.18 Mexico 0.15 4.90 1.93 6.90 0.01 0.07 Southeast Asia 5/ 0.91 3.30 17.30 20.37 0.21 0.92 2020/21 Proj. B e gi nni n S to Pr oduc t i on Imp o Do T Exp Endi n S to World 2/ Aug 9.44 251.82 64.52 249.10 67.73 8.95 Sep 9.92 252.06 64.66 249.50 67.83 9.31 World Less China Aug 9.44 174.20 64.51 172.47 66.73 8.95 Sep 9.92 174.44 64.64 172.87 66.83 9.31 United States Aug 0.34 46.65 0.36 34.75 12.25 0.36 Sep 0.36 46.63 0.36 34.75 12.25 0.36 Tota l Foreign Aug 9.10 205.17 64.16 214.35 55.48 8.59 Sep 9.56 205.43 64.30 214.75 55.59 8.94 Major Exporters 3/ Aug 4.25 75.55 0.08 27.86 47.82 4.20 Sep 4.49 75.60 0.07 27.96 47.87 4.34 Argentina Aug 1.61 33.05 0.00 3.40 29.65 1.61 Sep 1.86 32.33 0.00 3.40 29.00 1.79 Bra zil Aug 2.33 34.90 0.03 18.51 16.30 2.45 Sep 2.32 35.28 0.02 18.51 16.80 2.31 India Aug 0.31 7.60 0.05 5.95 1.87 0.14 Sep 0.31 8.00 0.05 6.05 2.07 0.24 Major Importers 4/ Aug 1.32 22.77 39.92 62.10 0.52 1.40 Sep 1.26 22.93 40.07 62.37 0.52 1.37 European Union Aug 0.23 12.40 18.75 30.89 0.30 0.19 Sep 0.18 12.56 18.75 31.02 0.30 0.17 Mexico Aug 0.07 5.06 2.00 7.05 0.01 0.07 Sep 0.07 5.06 2.00 7.05 0.01 0.07 Southeast Asia 5/ Aug 0.93 3.41 17.47 20.56 0.21 1.05 Sep 0.92 3.41 17.62 20.71 0.21 1.04 1/ Data based on local marketing years except for Argentina and Brazil which ar e adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Japan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Tot als may not ad d due to rounding. September 2020 WASDE - 604 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 3.84 55.75 10.44 54.96 11.23 3.84 World Less China 3.27 40.52 9.65 39.07 11.03 3.34 United States 0.91 10.98 0.18 10.38 0.88 0.81 Tota l Foreign 2.93 44.77 10.26 44.58 10.35 3.03 Major Exporters 3/ 0.80 19.74 0.47 12.24 7.78 0.99 Argentina 0.27 7.91 0.00 2.57 5.26 0.35 Bra zil 0.37 8.18 0.02 7.17 1.08 0.33 European Union 0.15 2.96 0.42 2.46 0.79 0.29 Major Importers 4/ 1.02 17.98 6.36 23.99 0.31 1.07 China 0.57 15.23 0.78 15.89 0.20 0.50 India 0.17 1.73 3.00 4.75 0.01 0.14 North Africa 5/ 0.19 0.73 1.56 2.18 0.10 0.20 2019/20 Est. B e gi nni n S to P ro d u c tio n Im p o Do T Exp Endi n S to World 2/ 3.84 57.44 11.03 56.23 12.08 4.01 World Less China 3.34 41.22 10.13 39.38 11.91 3.41 United States 0.81 11.32 0.15 10.18 1.25 0.84 Tota l Foreign 3.03 46.13 10.88 46.04 10.83 3.17 Major Exporters 3/ 0.99 19.87 0.51 12.23 8.14 1.00 Argentina 0.35 7.62 0.00 2.33 5.44 0.20 Bra zil 0.33 8.50 0.05 7.39 1.21 0.28 European Union 0.29 3.04 0.45 2.47 0.83 0.49 Major Importers 4/ 1.07 19.02 6.71 25.18 0.37 1.24 China 0.50 16.22 0.90 16.84 0.18 0.60 India 0.14 1.51 3.35 4.85 0.01 0.14 North Africa 5/ 0.20 0.90 1.66 2.27 0.19 0.31 2020/21 Proj. B e gi nni n S to Pr oduc t i on Im p o Do T Exp Endi n S to World 2/ Aug 4.26 59.86 10.96 58.84 12.06 4.19 Sep 4.01 59.91 11.00 58.88 12.08 3.95 World Less China Aug 3.71 42.30 9.96 40.47 11.91 3.59 Sep 3.41 42.35 10.00 40.47 11.93 3.35 United States Aug 0.94 11.46 0.16 10.43 1.18 0.94 Sep 0.84 11.46 0.16 10.43 1.18 0.84 Tota l Foreign Aug 3.33 48.40 10.80 48.40 10.88 3.25 Sep 3.17 48.45 10.84 48.45 10.90 3.11 Major Expo rters 3/ Aug 1.20 20.73 0.45 12.71 8.55 1.12 Sep 1.00 20.59 0.45 12.55 8.50 0.99 Argentina Aug 0.27 8.39 0.00 2.40 6.00 0.26 Sep 0.20 8.10 0.00 2.30 5.80 0.20 Bra zil Aug 0.42 8.64 0.03 7.60 1.05 0.44 Sep 0.28 8.75 0.03 7.57 1.20 0.29 European Union Aug 0.49 2.98 0.42 2.67 0.83 0.39 Sep 0.49 3.02 0.42 2.64 0.83 0.46 Major Importers 4/ Aug 1.21 20.57 6.67 26.89 0.31 1.25 Sep 1.24 20.66 6.67 27.02 0.31 1.23 China Aug 0.56 17.56 1.00 18.37 0.15 0.60 Sep 0.60 17.56 1.00 18.41 0.15 0.60 India Aug 0.14 1.71 3.24 4.94 0.01 0.14 Sep 0.14 1.80 3.24 5.03 0.01 0.14 North Africa 5 / Aug 0.32 0.87 1.64 2.32 0.16 0.36 Sep 0.31 0.87 1.64 2.32 0.16 0.34 1/ Data based on local marketing y ears except fo r Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due t o differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa. 5/ Algeria, Egypt, Morocco, and T unisia. Totals may not add due to rounding. September 2020 WASDE - 604 - 31 U.S. Quarterly An imal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poul try Egg Milk Million Pounds Mil doz Bil lbs 2019 III 6,923 6,706 13,683 11,402 1,453 12,992 26,675 2,347 54.2 IV 7,001 7,478 14,535 11,175 1,467 12,773 27,308 2,414 54.0 Annual 27,155 27,638 55,015 43,905 5,818 50,251 105,266 9,447 218.4 2020 I 6,929 7,426 14,407 11,237 1,469 12,841 27,248 2,349 56.1 II 6,054 6,311 12,417 10,940 1,369 12,446 24,86 3 2,249 56.0 III* 7,065 7,080 14,196 11,225 1,420 12,784 26,980 2,305 55.0 IV* 7,000 7,420 14,476 11,150 1,450 12,730 27,206 2,345 54.9 Annual Aug Proj. 27,028 28,357 55,597 44,668 5,688 50,889 106,485 9,223 221.8 Sep Proj. 27,048 28,237 55,496 44,552 5,708 50,801 106,296 9,248 222.0 2021 I* 6,840 7,095 13,987 11,000 1,420 12,550 26,537 2,285 56.4 II* 6,935 6,955 13,948 11,165 1,425 12,730 26,678 2,290 57.7 Annual Aug Proj. 27,620 28,565 56,403 45,275 5,770 51,585 107,988 9,385 225.3 Sep Proj. 27,355 28,445 56,018 45,020 5,770 51,330 107,348 9,375 225.4 * Projection. 1/ Com mercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & mutt on. 3/ Broiler s, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products 1/ Year and Quarter Steers 2/ Barrows a nd gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2019 III 108.16 50.08 82.0 90.8 81.9 18.97 IV 114.88 43.11 80.6 97.8 117.2 20.60 Annual 116.78 47.95 88.6 89.2 94.0 18.63 2020 I 118.32 42.52 83.5 97.4 133.1 18.83 II 105.79 38.96 67.0 103.7 119.6 15.37 III* 101.00 39.00 67.0 111.0 87.0 19.60 IV* 104.00 37.00 66.0 111.0 120.0 17.15 Annual Aug Proj. 107.3 38.1 70.4 105.5 114.4 17.95 Sep Proj. 107.3 39.4 70.9 105.8 114.9 17.75 2021 I* 107.00 41.00 81.0 102.0 113.0 16.75 II* 107.00 47.00 88.0 104.0 95.0 16.45 Annual Aug Pro j. 110 44 81 105 110 17.05 Sep Proj. 112 44 82 105 110 17.00 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, To tal all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Ave rage. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. September 2020 WASDE - 604 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Tota l Supply Exports Ending Stocks Total Use Per Ca pita 2/ 3/ Million Pounds /4 Beef 2019 662 27,224 3,058 30,944 3,026 642 27,276 58.1 2020 Proj. Aug 642 27,094 3,137 30,873 2,896 650 27,326 57.9 Sep 642 27,117 3,272 31,031 2,896 660 27,475 58.2 2021 Proj. Aug 650 27,686 3,045 31,381 3,140 650 27,591 58.1 Sep 660 27,424 3,045 31,129 3,140 650 27,339 57.7 F ille r F ille r F iller F ille r F ille r F ille r F ille r F ille r Pork 2019 559 27,652 945 29,156 6,321 646 22,188 52.4 2020 Proj. Aug 646 28,371 861 29,879 7,547 525 21,807 51.2 Sep 646 28,251 861 29,759 7,547 525 21,687 51.0 2021 Proj. Aug 525 28,579 895 29,999 7,650 575 21,774 50.8 Sep 525 28,459 895 29,879 7,650 575 21,654 50.6 F ille r F ille r F ille r F ille r F iller F ille r F iller F ille r Tota l Red Meat 5/ 2019 1,266 55,108 4,275 60,649 9,353 1,330 49,966 111.9 2020 Proj. Aug 1,330 55,687 4,274 61,290 10,454 1,221 49,616 110.4 Sep 1,330 55,589 4,409 61,328 10,459 1,231 49,638 110.5 2021 Proj. Aug 1,221 56,49 3 4,213 61,927 10,796 1,268 49,863 110.2 Sep 1,231 56,111 4,213 61,555 10,797 1,268 49,490 109.6 F ille r F ille r F ille r F ille r F ille r F ille r F ille r F ille r Broiler 2019 845 43,435 131 44,411 7,103 937 36,371 95.1 2020 Proj. Aug 937 44,190 135 45,26 2 7,186 890 37,186 96.7 Sep 937 44,075 135 45,147 7,186 890 37,071 96.4 2021 Proj. Aug 890 44,791 132 45,813 7,140 905 37,768 97.5 Sep 890 44,538 132 45,560 7,140 905 37,515 97.1 F ille r F ille r F ille r F ille r F ille r F ille r F ille r F ille r Turkey 2019 303 5,818 12 6,133 639 233 5,261 16.0 2020 Proj. Aug 233 5,688 15 5,936 540 215 5,181 15.7 Sep 233 5,708 19 5,960 540 215 5,205 15.8 2021 Proj. Aug 215 5,770 12 5,997 555 230 5,212 15.7 Sep 215 5,770 12 5,997 555 230 5,212 15.7 F ille r Fille r F ille r Fille r F ille r F ille r F ille r F ille r Total Poultry 6/ 2019 1,153 49,781 146 51,080 7,824 1,175 42,081 112.5 2020 Proj. Aug 1,175 50,410 152 51,73 7 7,810 1,110 42,817 113.7 Sep 1,175 50,323 156 51,654 7,810 1,110 42,734 113.6 2021 Proj. Aug 1,110 51,10 0 147 52,357 7,765 1,140 43,452 114.6 Sep 1,110 50,848 147 52,105 7,765 1,140 43,200 114.2 F ille r F ille r F ille r F ille r F ille r F ille r F iller F ille r Red Meat & Poultry 2019 2,419 104,889 4,421 111,728 17,177 2,504 92,047 224.4 2020 P roj. Aug 2,504 106,097 4,426 113,027 18,264 2,331 92,433 224.1 Sep 2,504 105,912 4,565 112,982 18,269 2,341 92,372 224.1 2021 Proj. Aug 2,331 107,593 4,360 114,284 18,561 2,408 93,315 224.8 Sep 2,341 106,959 4,360 113,660 18,562 2,408 92,690 223.9 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Poun ds, reta il- weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sou rce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready -to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. September 2020 WASDE - 604 - 33 U.S. Egg Supply and Use Commodity 2018 2019 2020 Proj. 2020 Proj. 2021 Proj. 2021 Proj. Aug Sep Aug Sep Eggs Million Dozen Supply Beginning Stocks 87.5 78.8 128.4 108.7 130.0 130.0 Production 9,205.0 9,447.5 9,223.0 9,248.0 9,385.0 9,375.0 Imports 17.8 14.6 14.2 14.2 16.0 16.0 Total Supply 9,310.3 9,540.9 9,365.6 9,370.9 9,531.0 9,521.0 Use Exports 333.2 333.9 339.6 339.6 335.0 335.0 Hatching Use 1,057.5 1,081.2 1,080.7 1,080.7 1,105.0 1,105.0 Ending Stocks 78.8 108.7 130.0 130.0 135.0 135.0 Disappearance Total 7,840.9 8,017.1 7,815.3 7,820.6 7,956.0 7,946.0 Per Capita (number) 287.8 292.8 283.8 284.2 287.1 287.4 T o t al U.S. Milk Supply and Use Commodity 2018 2019 2020 Proj. 2020 Proj. 2021 Proj. 2021 Proj. Aug Sep Aug Sep Milk Billion Pounds Production 217.6 218.4 221.8 222.0 225.3 225.4 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat B asis Supply Beg. Commercial Stocks 13.4 13.8 13.6 13.6 13.1 13.2 Marketings 216.6 217.4 220.7 221.0 224.3 224.4 Imports 6.3 6.9 7.1 6.9 6.9 6.7 Tota l C ml. Supply 236.2 238.1 241.5 241.6 244.2 244.3 Fat Basis Use Commercial Exports 10.4 9.1 9.2 9.4 9.5 9.6 Ending Commercial Stocks 13.8 13.6 13.1 13.2 13.1 13.1 CCC Donations 0.0 0.2 0.3 0.3 0.0 0.0 Domestic Commercial Use 212.1 215.2 218.9 218.7 221.7 221.6 Skim -solid Basis Supply Beg. Commercial Stocks 11.8 10.7 10.2 10.2 10.1 10.2 Market ings 216.6 217.4 220.7 221.0 224.3 224.4 Imports 5.5 5.8 5.7 5.7 5.6 5.7 Total Cml. Supply 233.8 233.9 236.7 236.8 240.0 240.2 Skim -solid Ba sis Use Commercial Exports 44.6 41.5 46.2 47.2 46.3 47.2 Ending Commercial Stocks 10.7 10.2 10.1 10.2 10.1 10.1 CCC Donations 0.0 0.2 0.1 0.1 0.0 0.0 Domestic Commercial Use 178.5 181.9 180.2 179.3 183.6 182.9 T o t al CCC Donations includ e purchases made through the USDA Trade Mitigation program. They do not include products purchased under other programs. Dairy domestic commercial use for 2020 includes additional milk marketed but not processed. Note: Totals may not add due to rounding . September 2020 WASDE - 604 - 34 U.S. Dairy Prices Commo dity 2018 2019 2020 Proj. 2020 Proj. 2021 Proj. 2021 Proj. Aug Sep Aug Sep Product Prices 1/ Dollars Per Pound Cheese 1.5377 1.7586 1.845 1.835 1.715 1.705 Butter 2.2572 2.2431 1.625 1.600 1.680 1.675 Nonfat Dry Milk 0.7945 1.041 9 1.025 1.025 1.010 1.010 Dry Whey 0.3422 0.3799 0.355 0.350 0.355 0.350 F ille r Dollars Per Cwt Milk Prices 2/ Class III 14.61 16.96 17.40 17.25 16.10 16.00 Class IV 14.23 16.30 13.55 13.40 13.65 13.60 All Milk 3/ 16.27 18.63 17.95 17.75 17.05 17.00 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation. September 2020 WASDE - 604 - 35 Reliability of September Projections 1/ Note: Tables on pages 35 -37 present a record of the September project ion and the final Estimate. Using world wheat production as an example, the "roo t mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 1.9 percent. Chances are 9 out of 1 0 (90% confidence level) that the difference will not exceed 3.3 percent. The average difference between the September projection and the final estimate is 8.7 million tons, ranging from 0.9 million to 30.7 million tons. The September projection has been b elow the estimate 25 times and above 14 times. Differences between fo recast and fin a l estima te 90 percent Years Commodity and Region Root mean square error confidence interval Avera ge Sma llest La rgest Below Fina l Above Fina l WHEAT Percent Million Metric Tons Production World 1.9 3.3 8.7 0.9 30.7 25 14 U.S. 1.9 3.2 0.9 0.0 2.5 16 23 Foreign 2.2 3.8 8.7 0.2 30.9 27 12 Exports World 5.9 10.0 6.4 0.3 22.0 30 9 U.S. 10.2 17.4 2.6 0.2 10.0 17 22 Foreign 7.3 12.4 6.0 0.2 21.4 29 10 Domestic Use World 1.6 2.8 7.1 0.2 23.4 21 18 U.S. 7.4 12.6 2.0 0.0 5.5 12 27 Foreign 1.6 2.8 7.1 0.1 21.0 25 14 Ending Stocks World 8.1 13.7 10.0 1.5 29.6 31 8 U.S. 14.3 24.3 2.7 0.5 12.4 23 16 Foreign 8.8 15.0 8.8 0.5 27.1 30 9 COARSE GRAINS 2/ Production World 2.2 3.7 17.4 0.2 50.6 30 9 U.S. 4.2 7.1 7.7 0.2 26.0 25 14 Foreign 2.6 4.3 15.9 1.0 59.9 29 10 Exports World 7.0 11.9 6.9 0.1 25.2 28 11 U.S. 19.5 33.2 7.3 0.4 19.1 16 23 Foreign 13.6 23.1 7.9 0.7 20.9 26 13 Domestic Use World 1.6 2.6 12.1 0.4 39.0 23 16 U.S. 3.7 6.3 6.4 0.1 15.8 24 15 Foreign 1.8 3.0 10.9 0.4 37.8 26 13 Ending Stocks World 14.3 24.2 19.5 1.7 170.3 30 9 U.S. 23.1 39.2 8.3 0.1 32.2 17 22 Foreign 16.4 27.9 15.4 0.7 155.3 32 7 RICE, milled Production World 2.3 3.9 6.3 0.4 24.1 30 9 U.S. 4.4 7.4 0.2 0.0 0.5 21 17 Foreign 2.3 4.0 6.3 0.3 24.4 30 9 Exports World 9.2 15.6 1.7 0.1 6.8 27 12 U.S. 11.3 19.1 0.2 0.0 0.9 19 18 Foreign 10.3 17.4 1.7 0.1 6.8 27 12 Domestic Use World 1.8 3.0 4.2 0.4 22.7 30 9 U.S. 6.9 11.7 0.2 0.0 0.5 18 20 Foreign 1.8 3.1 4.2 0.2 23.1 30 9 Ending Stocks World 12.3 20.9 6.4 0.5 26.9 33 6 U.S. 22.6 38.4 0.2 0.0 0.9 21 18 Foreign 13.4 22.8 6.5 0.2 26.7 33 6 1/ Footnotes at end of table. CONTINUED September 2020 WASDE - 604 - 36 Reliability of September Projectio ns (Continued) 1/ Differences betwee n forecast and fina l estima te 90 percent Years Commodity and Region Root mean square error confidence interval Avera ge Sma llest La rgest Below Fina l Above Fina l SOYBEANS Percent Million Metric Tons Production World 4.6 7.7 7.1 0.4 27.4 23 16 U.S. 5.0 8.5 3.0 0.2 10.4 21 18 Foreign 7.4 12.6 6.6 0.9 29.1 18 21 Exports World 7.4 12.5 3.8 0.2 15.3 26 13 U.S. 12.4 21.0 3.0 0.1 9.8 23 16 Foreign 17.7 30.0 3.2 0.0 18.6 18 21 Domestic Use World 3.3 5.6 4.6 0.0 15.1 24 15 U.S. 4.5 7.6 1.6 0.1 4.5 25 14 Foreign 4.0 6.9 4.5 0.0 11.2 24 15 Ending Stocks World 17.6 29.9 5.4 0.2 24.8 22 17 U.S. 37.8 64.1 2.2 0.1 6.6 12 27 Foreign 19.6 33.3 4.7 0.0 24.7 23 15 COTTO N Million 480 -Pound Bales Prod uction World 4.7 8.0 3.2 0.1 12.6 23 16 U.S. 6.2 10.6 0.9 0.0 2.4 19 19 Foreign 5.3 8.9 2.8 0.0 11.3 25 14 Exports World 9.2 15.7 2.3 0.0 10.1 23 16 U.S. 20.6 35.0 1.2 0.1 3.4 21 18 Foreign 12.0 20.3 1.8 0.1 8.8 21 18 Domestic Use World 5.0 8.4 3.4 0.1 19.3 15 24 U.S. 10.2 17.2 0.4 0.0 1.3 17 20 Foreign 5.0 8.5 3.3 0.0 18.5 16 22 Ending Stocks World 14.3 24.3 5.6 0.2 16.8 27 12 U.S. 35.5 60.2 1.3 0.0 5.1 16 22 Foreign 14.8 25.1 5.2 0.2 16.8 27 12 1/ Marketing year s 1981/82 thro ugh 2019/20 for grains, soybeans (U.S. only), and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2018/19, and for 2019 /20 the last month’s estimate. 2/ Includes corn , sorghum, barley, oats, rye, millet, and mixed grain. September 2020 WASDE - 604 - 37 Reliability of United States September Projections 1/ Differences between forecas t a nd fina l estima te 90 perce nt Years Root mean square error confidence interval Avera ge Sma llest La rgest Below Fina l Above Fina l CORN Percent Million Bushels Production 4.4 7.4 290 15 885 25 14 Exports 20.4 34.6 265 46 725 16 23 Domestic Use 4.0 6.8 252 0 575 24 14 Ending Stocks 26.3 44.7 314 2 1,321 17 22 SORGHUM Production 6.1 10.3 24 0 81 16 22 Exports 32.1 54.5 42 0 150 20 18 Domestic Use 25.7 43.6 40 0 120 19 18 Ending Stocks 48.1 81.6 32 1 155 12 27 BARLEY Produ ction 4.8 8.1 11 1 36 15 24 Exports 64.9 110.1 13 0 82 16 18 Domestic Use 9.8 16.6 22 0 72 13 24 Ending Stocks 17.7 30.0 19 0 70 19 19 OATS Production 9.7 16.5 11 0 44 6 32 Exports 96.5 163.7 1 0 8 10 14 Domestic Use 6.7 11.3 14 1 39 11 28 Endin g Stocks 22.9 38.9 14 0 47 19 19 SOYBEAN MEAL Thousand Short Tons Production 4.3 7.4 1,320 93 4,200 26 13 Exports 14.3 24.3 885 34 4,100 22 17 Domestic Use 3.7 6.3 792 26 3,200 24 15 Ending Stocks 39.5 67.0 52 0 368 14 14 SOYBEAN OIL Million P ound s Production 4.6 7.7 614 26 2,635 25 14 Exports 34.2 58.0 442 0 1,675 21 17 Domestic Use 4.3 7.2 504 86 2,150 25 14 Ending Stocks 30.5 51.7 439 60 1,357 22 17 ANIMAL PROD. Million Pounds Beef 4.0 6.8 802 32 2,486 26 12 Pork 2.9 5.0 390 5 1,356 22 16 Broilers 2.1 3.5 514 49 1,379 23 15 Turkeys 3.8 6.4 147 2 444 21 17 Million Dozen Eggs 1.9 3.2 112 4 414 25 13 Billion Pounds Milk 1.7 2.8 2.1 0.1 7.2 21 17 1/ See pages 35 and 36 for record of reliability f or U.S. wheat , rice, soybeans, and cotton. Marketing years 1981/82 through 2019/20 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2018/19, and for 2019/ 20 the last month’s estimate. Calendar years 1982 through 2019 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2019. WASDE-604-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign P roduction Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. IPAD is located at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 For complete WASDE tables and previous month’s report visit https://www.usda.g ov/oce/commodity/wasde/ To subscribe to receive WASDE -related notifications by email or text message visit https://public.govdelivery.com/accounts/USDAOC/sub scriber/new?topic_id=USDAOC_223 . Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions c ontact: Mirvat Sewadeh at 202- 720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE -604 – September 11, 2020 The U.S. Department of Agriculture (USDA) prohibits dis crimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons w ith disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202-720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326 -W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and empl oyer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554-9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 527 Approved by the World Agricultural Outlook Board March 10, 2014 WHEAT: There are no changes to the 2013/14 U.S. all wheat supply and use projections this month. A 15-million-bushel increas e in projected Hard Red Spring wheat exports is offset by a decrease for Soft Red Winter wheat, with both changes reflecting the pace of sales and shipments. Projected ending stocks for both cla sses are adjusted accordingly. The projected season-average farm price for all wheat is raised 10 cents on the bottom end of the range to $6.75 to $6.95 per bushel based on recent strength in prices. Global 2013/14 wheat supplies are raised slightly with a 0.8-million-ton increase in world production. Production is raised 1.1 million tons for India and 0.5 million tons for Australia based on the latest government reports. China is lowered 0.3 million tons, also based on the latest official indications. Production is lowered for Uruguay and Paraguay, down 0.3 million tons and 0.2 million tons, respectively, reflecting dry growing season conditions in both countries and early season freeze damage in Paraguay that also reduced yields. Strong demand in the Middle East and North Af rica boosts 2013/14 world wheat imports 3.0 million tons. Imports are raised for Iran, S audi Arabia, Morocco, Syria, Algeria, Iraq, and Turkey. Exports are raised for the European Un ion, Russia, Serbia, and Turkey. European Union exports are raised 1.5 million tons reflec ting the strong pace of licenses with higher corn imports and feeding freeing up more wheat for ex port. For Russia, higher wheat imports and reduced wheat feeding support a 1. 0-million-ton increase in wheat exports. Export business has remained strong for both countries well into the second half of the 2013/14 marketing year as prices remain attractive for buyer s in the Middle East and North Africa. World wheat consumption is raised slightly for 2013/14 with increased use for India, Iran, Australia, Iraq, and Morocco more than offsetti ng lower feed use for the European Union and Russia, and for South Korea, where wheat imports are lowered. Wheat feeding is raised for Australia as drought reduces sorghum supplies and boosts the use of grain in livestock rations. Global wheat ending stocks are nearly unchanged. COARSE GRAINS: Projected U.S. feed grain endi ng stocks for 2013/14 are reduced with higher corn exports and lower oats imports. Co rn exports are projected 25 million bushels higher on stronger world imports and the rising pace of shipments in recent weeks. Continued strong export sales also support the higher figur e. Projected corn ending stocks are lowered 25 million bushels. Oats imports are projected 10 million bushels lower as Canadian logistical problems reduce the availability of importable supplies. Small r eductions in U.S. oats domestic use and ending stocks are projected. The seas on-average farm price for corn is narrowed 5 cents on both ends of the projected range to $4.25 to $4.75 per bushel. Price ranges are similarly narrowed for sorghum and oats. The barley farm price is raised 10 cents on the low end of the range to $5.95 to $6.25 per bushel based on recently higher reported prices for feed barley. WASDE-527-2 Global coarse grain supplies for 2013/14 are projec ted 1.4 million tons hi gher with larger corn beginning stocks for Indonesia, higher corn produc tion for China, and higher barley production for Australia. Partly offsetting is a reduction in expected sorghum output for Australia as a continuation of hot, dry conditions have sharply er oded prospects for this year’s sorghum crop. Global coarse grain imports for 2013/14 are raised 1.3 million tons with higher corn imports for Indonesia and the European Union and higher barley im ports for China. Higher expected corn and barley feeding in these countries drive the import increases. Barley feeding is also raised for Australia as drought reduces sorghum s upplies and boosts demand for other feed grains. Sorghum exports are lowered for Australia. Sorghum imports are reduced for Mexico as strong demand from China has driven U.S. Gulf sorghum prices above those for corn in recent months limiting import opportunities for sorghum feeders in Mexico. Barley exports are raised for Australia with the larger crop. European Uni on corn exports are lowered, but more than offset by this month’s increase for the United States. Global coarse grain ending stocks for 2013/14 are raised slightly with higher corn stocks in China and Indonesia more than offsetting lower barley stocks in the European Union and the reductions in corn and oats stocks in the United States. RICE: The changes made to the U.S. 2013/14 rice supply and use balances this month are confined to the trade categories and ending stocks. The 2013/14 all rice import forecast is raised 1.0 million cwt to 22.0 million, based largely on the pace of imports reflected in the U.S. Bureau of the Census import data through Januar y—all in medium- and short-grain rice. A large shipment of broken rice from Australia was reported by the Bureau of the Census for December. On the use side, the all rice export forecast is unchanged at 100.0 million cwt; however 1.0 million cwt is shifted from rough rice to milled- and brown-rice (on a rough- equivalent basis) export category. No changes are made to the all rice or rice-by-class domestic and residual use projections. All rice ending stocks are projected at 28.3 million cwt, up 1.0 million from a month ago—all in medium- and short-grain rice. Long-grain rice ending stocks are projected at 16.3 m illion cwt, the lowest stocks since 2003/04. Medium- and short- grain ending stocks are increased 1. 0 million cwt to 9.7 million. The 2013/14 long-grain season-aver age price range is forecast at $15.30 to $15.90 per cwt, up 20 cents on each end of the range with the midpoint forecast at $15.60 per cwt—the highest price on record (since 1982/83). The medium- and short-grain season-average price range is forecast at $18.70 to $19.30 per cwt, up $1.50 per cwt on each end of the range with the midpoint forecast at $19.00 per cwt—the highes t price since 2008/09. The all rice season- average price range is forecast at $16.30 to $16.90 per cwt, up 60 cents on each end of the range with the mid-point at $16.60 per cwt—t he highest price since 2008/09. The reduced prospects for 2014/15 medium- and short-grai n production in the Sacramento Valley of California due to drought and reduced irrigation supplies have significantly raised medium- grain prices in California. Additionally, old-crop supplies of medium-grain rice in California are drawing down thus tightening the current supply sit uation. Finally, Australia’s drought is also increasing medium-grain prices as Australia is a primary U.S. export competitor. Long-grain rice prices have strengthened as producers in the Delta in 2014 are expected to increase plantings of medium-grain rice and plant less long-grain area, according to trade reports, due to an advantageous price differential between the tw o rice classes. There are reports that supplies of southern medium-grain rice seed are fair ly tight which could restrict this expansion. WASDE-527-3 Global 2013/14 rice supplies are raised significantly due to several factors including a supply/use series change for Indonesia, and increased production forecasts for Burma, China, and India. World 2013/14 beginning stocks are fore cast at 111.0 million tons, up 4.1 million from last month due mostly to increases for Burma, Indonesia, and India. The Indonesia rice supply/use series was modified beginning in 2010/ 11 based on lower population statistics from the government of Indonesia that indicat ed lower annual consumption and a corresponding increase in stocks. The Burma rice production estimates beginning in 2010/11 are raised based on a re-evaluation of the series. Burma’s 2013/14 rice crop is increased 1.0 million tons to a record 12.0 million—largely due to an incr ease in area harvested. China’s rice 2013/14 production is raised 0.8 million tons to 142.3 million based on official statistics from the government of China. India’s rice production is raised 2.0 million tons to a near-record 105.0- million tons based on a report from the U.S. agricultural office in New Delhi. Additionally, India’s 2012/13 crop is raised 0.8 million to 105.2 million tons—based on data from the government of India. Indonesia’s crop is lo wered 0.3 million tons to 37.4 million due to a decrease in area harvested. Sri Lanka’s 2013/14 rice crop is also lowered 0.3 million tons to 2.75 million tons. Global 2013/14 rice consumption is raised 0.7 million tons to a record 474.0 million tons largely due to increases for Burma and India, partially offset by a decrease for Indonesia and Sri Lanka. World 2013/14 rice trade is raised slightly due mostly to an increase for Burma. Global 2013/14 ending stocks are projected at 111.7 million tons, up 6.7 million (+6%) from a month ago, and up 0.7 million from revised 2012/13. The in crease in stocks is due mostly to revisions in Burma, China, India, and Indonesia. OILSEEDS: U.S. soybean supply and use projections for 2013/14 include higher imports and exports, reduced crush, and reduced ending sto cks compared with last month’s report. Soybean exports are raised 20 million bushels to a record 1.53 billion reflecting continued strong sales and shipments through February. Soybean crush is reduced 10 million bushels to 1.69 billion reflecting weaker-than-expected dom estic soybean meal use through the first quarter of the marketing year. Soybean stocks are projected at 145 million bushels, down 5 million from last month. Soybean oil sto cks are reduced on lower production and increased exports. Other soybean oil changes include reduced use for biodiesel and an offsetting increase for food, feed, and other industrial use. Soybean and soybean product prices are all project ed higher this month. The season-average price range forecast for soybeans is raised 25 cents on both ends of the range to $12.20 to $13.70 per bushel. Soybean oil prices are foreca st at 36 to 39 cents per pound, up 1.5 cents at the midpoint. Soybean meal prices are pr ojected at $450 to $490 per short ton, up 25 dollars at the midpoint. Global oilseed production for 2013/14 is projected at 504.3 million tons, down 1.7 million from last month as reduced soybean and copra producti on are only partly offset by increases for rapeseed, sunflowerseed, and peanuts. Foreign pr oduction, projected at 407.0 million tons, accounts for all of the change. Brazil soybean production is projected at 88.5 million tons, down 1.5 million mainly reflecting hot, dry weather in the south when much of the crop was in the flowering and filling stages. Soybean producti on is also reduced for Paraguay due to the extended period of hot, dry weather. China r apeseed production is estimated at 14.4 million tons, up 0.2 million based on increased area and yield indicated in recently released WASDE-527-4 government statistics. Other changes include higher rapeseed production for Australia and increased peanut production for China, Uganda, and Tanzania. Global oilseed supplies, exports, and ending stocks for 2013/14 are projected lower this month while crush is projected higher. Soybean crush is projected higher for the European Union, Paraguay, and Zambia; rapeseed and peanut crush are each raised for China. Lower soybean stocks in the United States, Brazil, and Par aguay are only partly offset by higher rapeseed stocks in China. Global oilseed stocks are proj ected at 84.0 million t ons, down 1.9 million. SUGAR: Projected U.S. sugar supply for fiscal y ear 2013/14 is decreased 7,000 short tons, raw value (STRV), from last month, as lo wer production more than offsets higher beginning stocks. Forecast use is increased 135,000 ST RV. Higher expected domestic deliveries for food use are based on the pace to date. A larger forecast for exports of refined sugar under the re-export program is the result of shipment s so far in 2013/14. The net reduction in ending stocks of 142,000 STRV brings the stocks-to-use ratio down to 13.6 percent, from 14.9 percent projected in February. Supply and use estimates for Mexico for 2012/13 and forecasts for 2013/14 are unchanged this month. LIVESTOCK, POULTRY, AND DAIRY: The 2014 forecast of total red meat and poultry production is lowered from last month as higher beef production is more than offset by lower pork, broiler, and turkey production. For beef, continued relatively large cattle placements in the first quarter are expected to result in higher slaughter in 2014. Coupled with heavier carcass weights and higher expected first-quarte r cow slaughter, the beef production forecast is raised. Pork production is reduced from last month as higher carcass weights are insufficient to offset tighter supplies of hogs. USDA will release the Quarterly Hogs and Pigs report on March 28. Broiler production is lowered as hatchery data points to slower growth in eggs set and chicks placed. Turkey production is reduced as January slaughter and hatchery data were below expectations. Egg pr oduction forecasts for 2014 are unchanged, but historical data are adjusted to reflect recently published data. The beef import forecast for 2014 is unchanged from last month, but the export forecast is raised on strong sales to Asian markets. Pork im ports are raised as prices are forecast higher, but the export forecast is reduced as high prices are expected to constrain sales. The broiler export forecast is raised as January exports we re higher-than-expected. Turkey exports are lowered. The egg export forecast is unchanged. Cattle prices for 2014 are raised from last month, reflecting tight supplies and continued price strength for fed cattle. The hog price forecast is raised on expected tight supplies of market hogs and strong demand. Broiler and turkey pric es are largely unchanged but the egg price is raised on higher first-quarter prices. The milk production forecast for 2014 is unchanged fr om last month, but historical data are adjusted to reflect revised data for 2012 and 2013. Fat-basis exports for 2014 are raised on higher sales of cheese and butter. Skim-solid exports are unchanged as lower lactose and weaker-than-expected early year sales of nonfat dr y milk (NDM) offset gains in cheese. Fat- basis imports are unchanged. Skim-solid imports are raised on strong demand for milk protein concentrates. WASDE-527-5 Product price forecasts for cheese, butter, NDM, and whey are higher, supported by strong demand and price strength to date. Class III and Class IV prices are raised on higher product prices. The all milk price is forecast at $21.40 to $22.00 per cwt. COTTON: This month’s 2013/14 cotton estimates incl ude slightly higher exports and lower ending stocks. Production and domestic mill use ar e unchanged from last month. The export forecast is raised to 10.7 million bales based on str ong activity in recent weeks. Ending stocks are reduced to 2.8 million bales, resulting in a st ocks-to-use ratio of 20 percent. The range for the marketing-year average price received by producers is raised 1 cent per pound on the lower end to 75 to 78 cents, with a midpoint of 76.5 cents. The global cotton supply and demand estimates for 2013/14 show slightly lower consumption and higher ending stocks. The world production foreca st is virtually unchanged. Decreases in consumption for China and Pakistan are partially offset by increases for India, Bangladesh, Vietnam, and others. China’s consumption is lowered 500,000 bales based on increasing concentrations of domestic supply in the national reserve and continued growth in cotton yarn imports. Pakistan’s consumption also is lowe red 500,000 bales, as sluggish imports indicate lower use. World ending stocks are now forecast at 96.8 million bales. Approved by the Secretary of Agriculture and the Chairperson of the World Agricultural Outlook Board, Gerald A. Bange, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: MICHAEL T. SCUSE ACTING SECRETARY OF AGRICULTURE WASDE-527-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Jerry Norton, ICEC Chair, WAOB, email : [email protected] Gary Vocke, ERS; Teresa McKeivier, FAS; William Chambers, FSA. Rice: Andrew C. Aaronson, ICEC Chair, WAOB, email : [email protected] Nathan Childs, ERS; Debbie Rubas, FAS; Mark Simone, FSA. Feed Grains: Jerry Norton, IC EC Chair, WAOB, email : [email protected] Thomas Capehart, ERS; Richard O’M eara, FAS; Pete Riley, FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, email : [email protected] Mark Ash, ERS; Bill George, FAS; Dale Leuck, FSA. Cotton: Carol Skelly, ICEC Chair, WAOB, email : [email protected] Darryl Earnest, AMS; Leslie Meyer, ERS; Ja mes Johnson, FAS; Scott Sanford, FSA. Sugar: David Stallings, Acting ICEC Chair, WAOB, email : [email protected] Stephen Haley, ERS; Ron Lord, FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, email : [email protected] Sherry Wise, AMS; Kenneth Mathews, ERS; Cla ire Mezoughem, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, email : [email protected] Larry Haller, AMS; David Harvey, ERS; Lazar o Sandoval, FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, email : [email protected] Jerry Cessna, AMS; Roger Hoskin, ERS; Paul Kiendl, FAS; Milton Madison, FSA.. For 2014, the WASDE report release dates are: Jan 10, Feb 10, Mar 10, Apr 9, May 9, June 11, July 11, Aug 12, Sept 11, Oct 10, Nov 10, Dec 10. WASDE-527-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................... 1 Interagency Commodity Estimates Committees ..................................................... 6 World & U.S. Supply & Use for Grains ................................................................... 8 World & U.S. Supply & Use for Cotton ................................................................... 9 World & U.S. Supply & Use for Oilseeds ............................................................. 10 U.S. Wheat Supply & Use .................................................................................... 11 U.S. Wheat Supply & Use by Class ..................................................................... 11 U.S. Feed Grain & Corn Supply & Use ................................................................ 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13 U.S. Rice Supply & Use ....................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................ 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ............................................................................. 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use ................................................................................. 18 World Coarse Grains Supply & Use ..................................................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use..................................................................................... 24 World Cotton Supply & Use ................................................................................. 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ..................................................................... 29 World Soybean Oil Supply & Use ........................................................................ 30 U.S. Quarterly Animal Product Production ........................................................... 31 U.S. Quarterly Prices for Animal Products ........................................................... 31 U.S. Meats Supply and Use ................................................................................. 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use .................................................................................... 33 U.S. Dairy Prices ................................................................................................. 34 Reliability Tables ................................................................................................. 35 Related USDA Reports ........................................................................................ 38 Metric Conversion Factors ................................................................................... 38 Electronic Access and Subscriptions ....................................................................... 40 March 2014 WASDE - 527 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World OutputTotal Supply Trade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2011/12 2315.03 2779.86 344.26 2308.80 471.06 2012/13 (Est.) 2261.07 2732.12 298.70 2280.79 451.34 filler filler filler filler filler 2013/14 (Proj.) Feb 2443.41 2889.88 345.98 2410.04 479.85 2013/14 (Proj.) Mar 2448.25 2899.58 349.69 2412.61 486.97 filler filler filler filler filler Wheat 2011/12 697.27 896.25 157.78 697.31 198.94 2012/13 (Est.) 656.42 855.36 137.39 679.44 175.92 filler filler filler filler filler 2013/14 (Proj.) Feb 711.89 887.73 159.39 703.99 183.73 2013/14 (Proj.) Mar 712.72 888.63 162.05 704.82 183.81 filler filler filler filler filler Coarse Grains 5/ 2011/12 1151.28 1317.56 146.70 1152.14 165.42 2012/13 (Est.) 1133.19 1298.60 122.25 1134.17 164.43 filler filler filler filler filler 2013/14 (Proj.) Feb 1260.01 1423.80 146.20 1232.72 191.08 2013/14 (Proj.) Mar 1260.77 1425.21 146.71 1233.75 191.46 filler filler filler filler filler Rice, milled 2011/12 466.47 566.05 39.79 459.35 106.70 2012/13 (Est.) 471.47 578.16 39.06 467.18 110.98 filler filler filler filler filler 2013/14 (Proj.) Feb 471.51 578.36 40.39 473.33 105.03 2013/14 (Proj.) Mar 474.76 585.74 40.93 474.03 111.71 filler filler filler filler filler United States Output Total SupplyTrade 2 /Total Use 3/Ending Stocks Total Grains 4/ 2011/12 384.01 447.82 72.83 325.65 49.34 2012/13 (Est.) 354.01 414.06 51.55 318.29 44.23 filler filler filler filler filler 2013/14 (Proj.) Feb 433.51 486.22 80.16 349.41 56.65 2013/14 (Proj.) Mar 433.51 486.08 80.79 349.28 56.01 filler filler filler filler filler Wheat 2011/12 54.41 80.93 28.61 32.11 20.21 2012/13 (Est.) 61.67 85.22 27.42 38.27 19.54 filler filler filler filler filler 2013/14 (Proj.) Feb 57.96 82.13 31.98 34.96 15.19 2013/14 (Proj.) Mar 57.96 82.13 31.98 34.96 15.19 filler filler filler filler filler Coarse Grains 5/ 2011/12 323.73 358.89 41.03 290.05 27.82 2012/13 (Est.) 286.01 320.53 20.73 276.27 23.53 filler filler filler filler filler 2013/14 (Proj.) Feb 369.43 396.15 44.96 310.61 40.59 2013/14 (Proj.) Mar 369.43 395.98 45.59 310.48 39.91 filler filler filler filler filler Rice, milled 2011/12 5.87 8.00 3.20 3.49 1.30 2012/13 (Est.) 6.34 8.31 3.40 3.75 1.16 filler filler filler filler filler 2013/14 (Proj.) Feb 6.12 7.94 3.22 3.84 0.88 2013/14 (Proj.) Mar 6.12 7.97 3.22 3.84 0.91 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, ba rley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). March 2014 WASDE - 527 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ OutputTotal Supply Trade 2 /Total UseEnding Stocks Total Grains 4/ 2011/12 1,931.02 2,332.04 271.43 1,983.15 421.72 2012/13 (Est.) 1,907.05 2,318.06 247.16 1,962.50 407.11 filler filler filler filler filler 2013/14 (Proj.) Feb 2,009.90 2,403.67 265.82 2,060.63 423.19 2013/14 (Proj.) Mar 2,014.74 2,413.50 268.90 2,063.33 430.97 filler filler filler filler filler Wheat 2011/12 642.86 815.32 129.18 665.20 178.73 2012/13 (Est.) 594.74 770.14 109.98 641.17 156.38 filler filler filler filler filler 2013/14 (Proj.) Feb 653.92 805.60 127.41 669.04 168.55 2013/14 (Proj.) Mar 654.75 806.51 130.07 669.87 168.62 filler filler filler filler filler Coarse Grains 5/ 2011/12 827.56 958.67 105.67 862.10 137.60 2012/13 (Est.) 847.18 978.07 101.52 857.90 140.90 filler filler filler filler filler 2013/14 (Proj.) Feb 890.58 1,027.64 101.25 922.11 150.49 2013/14 (Proj.) Mar 891.34 1,029.22 101.12 923.27 151.55 filler filler filler filler filler Rice, milled 2011/12 460.61 558.05 36.59 455.86 105.39 2012/13 (Est.) 465.13 569.85 35.66 463.43 109.83 filler filler filler filler filler 2013/14 (Proj.) Feb 465.40 570.42 37.17 469.49 104.16 2013/14 (Proj.) Mar 468.64 577.77 37.71 470.20 110.80 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world mi nus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales OutputTotal Supply Trade 2 /Total Use 3 /Ending Stocks World 2011/12 126.64 176.87 46.06 102.81 73.32 2012/13 (Est.) 123.07 196.39 46.71 106.35 89.16 2013/14 (Proj.) Feb 116.67 205.83 38.47 109.48 96.47 2013/14 (Proj.) Mar 116.68 205.84 38.45 109.21 96.75 United States 2011/12 15.57 18.19 11.71 3.30 3.35 2012/13 (Est.) 17.32 20.68 13.03 3.50 3.90 2013/14 (Proj.) Feb 13.19 17.10 10.50 3.60 3.00 2013/14 (Proj.) Mar 13.19 17.10 10.70 3.60 2.80 Foreign 4/ 2011/12 111.07 158.68 34.35 99.51 69.97 2012/13 (Est.) 105.76 175.71 33.68 102.85 85.26 2013/14 (Proj.) Feb 103.48 188.73 27.97 105.88 93.47 2013/14 (Proj.) Mar 103.49 188.74 27.75 105.61 93.95 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. March 2014 WASDE - 527 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World OutputTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2011/12 447.10 531.54 111.35 396.07 64.88 2012/13 (Est.) 473.71 538.60 117.41 396.72 67.25 2013/14 (Proj.) Feb 505.96 574.00 128.91 413.80 85.97 2013/14 (Proj.) Mar 504.30 571.55 127.77 414.11 84.03 Oilmeals 2011/12 267.66 278.70 80.12 263.04 12.78 2012/13 (Est.) 268.32 281.10 77.49 264.14 11.66 2013/14 (Proj.) Feb 280.08 292.39 83.24 274.31 13.30 2013/14 (Proj.) Mar 280.20 291.85 83.39 274.20 12.95 Vegetable Oils 2011/12 157.45 172.19 63.38 153.00 17.46 2012/13 (Est.) 160.66 178.11 67.08 158.41 18.01 2013/14 (Proj.) Feb 168.93 186.88 69.50 164.27 20.39 2013/14 (Proj.) Mar 168.98 186.98 69.53 164.64 20.32 United States Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2011/12 92.35 100.94 37.78 50.35 5.57 2012/13 (Est.) 93.14 100.20 36.94 50.24 5.76 2013/14 (Proj.) Feb 97.32 104.80 41.86 50.46 5.75 2013/14 (Proj.) Mar 97.32 104.98 42.41 50.05 5.62 Oilmeals 2011/12 39.52 42.93 9.16 33.43 0.34 2012/13 (Est.) 38.65 42.37 10.43 31.62 0.31 2013/14 (Proj.) Feb 39.03 42.81 10.23 32.24 0.34 2013/14 (Proj.) Mar 38.74 42.56 10.23 32.00 0.34 Vegetable Oils 2011/12 10.04 15.48 1.15 12.79 1.54 2012/13 (Est.) 10.20 15.54 1.39 12.99 1.16 2013/14 (Proj.) Feb 10.22 15.54 0.97 13.37 1.20 2013/14 (Proj.) Mar 10.15 15.45 0.99 13.34 1.12 filler filler filler filler filler Foreign 3/ Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2011/12 354.75 430.60 73.57 345.72 59.31 2012/13 (Est.) 380.57 438.40 80.47 346.49 61.49 2013/14 (Proj.) Feb 408.64 469.20 87.04 363.34 80.21 2013/14 (Proj.) Mar 406.98 466.57 85.37 364.06 78.42 Oilmeals 2011/12 228.14 235.78 70.96 229.61 12.44 2012/13 (Est.) 229.67 238.72 67.05 232.52 11.34 2013/14 (Proj.) Feb 241.05 249.59 73.01 242.07 12.97 2013/14 (Proj.) Mar 241.46 249.30 73.16 242.21 12.61 Vegetable Oils 2011/12 147.41 156.71 62.23 140.21 15.92 2012/13 (Est.) 150.45 162.58 65.69 145.42 16.85 2013/14 (Proj.) Feb 158.71 171.33 68.53 150.90 19.19 2013/14 (Proj.) Mar 158.83 171.53 68.54 151.31 19.20 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. March 2014 WASDE - 527 - 11 U.S. Wheat Supply and Use 1/ 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Feb Mar Million Acres Area Planted 54.4 55.7 56.2 56.2 Area Harvested 45.7 48.9 45.2 45.2 Bushels Yield per Harvested Acre 43.7 46.3 47.2 47.2 Million Bushels Beginning Stocks 862 743 718 718 Production 1,999 2,266 2,130 2,130 Imports 112 123 170 170 Supply, Total 2,974 3,131 3,018 3,018 Food 941 945 960 960 Seed 76 73 74 74 Feed and Residual 162 388 250 250 Domestic, Total 1,180 1,406 1,284 1,284 Exports 1,051 1,007 1,175 1,175 Use, Total 2,231 2,414 2,459 2,459 Ending Stocks 743 718 558 558 CCC Inventory 0000 Free Stocks 743 718 558 558 Outstanding Loans 8855 Avg. Farm Price ($/bu) 2/ 7.24 7.77 6.65 - 6.95 6.75 - 6.95 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red WinterHard Red SpringSoft Red Winter White Durum Total Millio n Bushel s 2012/13 (Est.) Beginning Stocks 317 151 185 64 25 743 Production 1,000 505 420 259 83 2,266 Supply, Total 3/ 1,335 699 623 330 144 3,131 Domestic Use 612 303 306 93 93 1,406 Exports 380 232 193 174 29 1,007 Use, Total 992 534 499 267 121 2,414 Ending Stocks, Total 343 165 124 63 23 718 2013/14 (Proj.) Beginning Stocks 343 165 124 63 23 718 Production 744 490 565 268 62 2,130 Supply, Total 3/ 1,102 730 714 339 132 3,018 Domestic Use 471 306 297 130 81 1,284 Exports 450 250 290 160 25 1,175 Use, Total 921 556 587 290 106 2,459 Ending Stocks, Total Mar 181 174 127 49 26 558 Ending Stocks, Total Feb 181 189 112 49 26 558 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketi ng-year weighted average price received by farmers. 3/ Includes imports. March 2014 WASDE - 527 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Feb Mar Million Acres Area Planted 102.5 109.8 109.9 109.9 Area Harvested 91.1 96.6 98.2 98.2 Metric Tons Yield per Harvested Acre 3.55 2.96 3.76 3.76 Million Metric Tons Beginning Stocks 32.3 27.8 23.5 23.5 Production 323.6 285.8 369.2 369.2 Imports 2.7 6.5 3.0 2.8 Supply, Total 358.6 320.1 395.7 395.5 Feed and Residual 119.8 115.5 140.6 140.5 Food Seed & Industrial 169.9 160.4 169.6 169.6 Domestic, Total 289.7 275.9 310.2 310.1 Exports 41.0 20.7 45.0 45.6 Use, Total 330.7 296.6 355.2 355.7 Ending Stocks 27.8 23.5 40.6 39.9 CCC Inventory 0.0 0.0 0.0 0.0 Free Stocks 27.8 23.5 40.6 39.9 Outstanding Loans 1.1 0.8 1.3 1.3 CORN 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Februar y Marc h Million Acres Area Planted 91.9 97.2 95.4 95.4 Area Harvested 84.0 87.4 87.7 87.7 Bushels Yield per Harvested Acre 147.2 123.4 158.8 158.8 Million Bushels Beginning Stocks 1,128 989 821 821 Production 12,360 10,780 13,925 13,925 Imports 29 162 35 35 Supply, Total 13,517 11,932 14,781 14,781 Feed and Residual 4,557 4,335 5,300 5,300 Food, Seed & Industrial 2/ 6,428 6,044 6,400 6,400 Ethanol & by-products 3/ 5,000 4,648 5,000 5,000 Domestic, Total 10,985 10,379 11,700 11,700 Exports 1,543 731 1,600 1,625 Use, Total 12,528 11,111 13,300 13,325 Ending Stocks 989 821 1,481 1,456 CCC Inventory 0000 Free Stocks 989 821 1,481 1,456 Outstanding Loans 41 32 50 50 Avg. Farm Price ($/bu) 4/ 6.22 6.89 4.20 - 4.80 4.25 - 4.75 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see F eed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data-p roducts/feed-grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn glut en feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. March 2014 WASDE - 527 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Feb Mar Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 5.5 6.2 8.1 8.1 Area Harvested (mil. acres) 3.9 5.0 6.5 6.5 Yield (bushels/acre) 54.6 49.8 59.6 59.6 Beginning Stocks 27 23 15 15 Production 214 247 389 389 Imports 0 1 000 Supply, Total 242 279 404 404 Feed and Residual 71 93 125 125 Food, Seed & Industrial 85 95 100 100 Total Domestic 156 188 225 225 Exports 63 76 160 160 Use, Total 219 264 385 385 Ending Stocks 23 15 19 19 Avg. Farm Price ($/bu) 2/ 5.99 6.33 4.00 - 4.50 4.05 - 4.45 Filler Filler Filler Filler Filler BARLEY 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Februar y Marc h Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.6 3.6 3.5 3.5 Area Harvested (mil. acres) 2.2 3.2 3.0 3.0 Yield (bushels/acre) 69.6 67.9 71.7 71.7 Beginning Stocks 89 60 80 80 Production 156 220 215 215 Imports 16 23 20 20 Supply, Total 261 304 315 315 Feed and Residual 38 59 60 60 Food, Seed & Industrial 155 155 155 155 Total Domestic 193 214 215 215 Exports 9 9 10 10 Use, Total 201 223 225 225 Ending Stocks 60 80 90 90 Avg. Farm Price ($/bu) 2/ 5.35 6.43 5.85 - 6.25 5.95 - 6.25 Filler Filler Filler Filler Filler OATS 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Februar y Marc h Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.5 2.8 3.0 3.0 Area Harvested (mil. acres) 0.9 1.0 1.0 1.0 Yield (bushels/acre) 57.1 61.3 64.0 64.0 Beginning Stocks 68 55 36 36 Production 54 64 66 66 Imports 94 93 95 85 Supply, Total 215 212 197 187 Feed and Residual 82 98 85 80 Food, Seed & Industrial 76 76 77 75 Total Domestic 158 174 162 155 Exports 2122 Use, Total 160 176 164 157 Ending Stocks 55 36 33 30 Avg. Farm Price ($/bu) 2/ 3.49 3.89 3.55 - 3.85 3.60 - 3.80 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing y ear beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. March 2014 WASDE - 527 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Feb Mar Million Acres Area Planted 2.69 2.70 2.49 2.49 Area Harvested 2.62 2.68 2.47 2.47 Filler Pounds Yield per Harvested Acre 7,067 7,449 7,694 7,694 Million Hundredweight Beginning Stocks 2/ 48.5 41.1 36.4 36.4 Production 184.9 199.5 189.9 189.9 Imports 19.4 21.1 21.0 22.0 Supply, Total 252.8 261.7 247.3 248.3 Domestic & Residual 3/ 110.8 118.2 120.0 120.0 Exports, Total 4/ 100.9 107.1 100.0 100.0 Rough 32.9 34.2 36.0 35.0 Milled (rough equiv.) 67.9 72.9 64.0 65.0 Use, Total 211.7 225.3 220.0 220.0 Ending Stocks 41.1 36.4 27.3 28.3 Avg. Milling Yield (%) 5/ 69.93 70.00 71.00 71.00 Avg. Farm Price ($/cwt) 6/ 14.50 15.10 15.70 - 16.30 16.30 - 16.90 Total LONG-GRAIN RICE 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Februar y Marc h Harvested Acres (mil.) 1.74 1.98 1.77 1.77 Yield (pounds/acre) 6,691 7,285 7,464 7,464 Beginning Stocks 35.6 24.3 21.9 21.9 Production 116.4 144.2 131.9 131.9 Supply, Total 7/ 168.9 187.2 172.3 172.3 Domestic & Residual 3/ 78.0 89.2 89.0 89.0 Exports 8/ 66.7 76.1 67.0 67.0 Use, Total 144.7 165.3 156.0 156.0 Ending Stocks 24.3 21.9 16.3 16.3 Avg. Farm Price ($/cwt) 6/ 13.40 14.50 15.10 - 15.70 15.30 - 15.90 Filler Filler Filler Filler Filler MEDIUM & SHORT-GRAIN RICE 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Februar y Marc h Harvested Acres (mil.) 0.88 0.70 0.70 0.70 Yield (pounds/acre) 7,812 7,912 8,272 8,272 Beginning Stocks 10.1 14.7 12.2 12.2 Production 68.6 55.4 58.0 58.0 Supply, Total 7/ 81.7 72.2 72.7 73.7 Domestic & Residual 3/ 32.8 29.0 31.0 31.0 Exports 8/ 34.2 31.0 33.0 33.0 Use, Total 67.0 60.0 64.0 64.0 Ending Stocks 14.7 12.2 8.7 9.7 Avg. Farm Price ($/cwt) 6/ 9/ 17.10 17.40 17.20 - 17.80 18.70 - 19.30 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Include s the following quantities of broke n kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2011/12-2.7; 2012/13-2.1; 2013/ 14-2.3. 3/ Residual includes un reported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in br okens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are c onverted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the tot al quantity of whole kernel and broken rice produced divided by the quantity of rough ri ce milled. Data supplied by the USA Rice Federation for years prior to 2013/14. Th e 2013/14 milling yield is calculated using Farm Service Agency (FSA) warehouse stored loan data for l ong, medium, and short grain rice. The year-to-year change in the FSA average all rice milling yield is applied to the WASDE reported 2012/13 milling yield to calculate the 2013/14 forecasted average milling yield. 6/ Mar keting-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated . 9/ The medium/short-grain season-average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not fina l until all the rice in the pool is markete d for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the fi nal price may differ. For exam ple, the average difference betw een the August WASDE SAFP forecast and the final price has averag ed $1.63 per cwt from 2008/09 through 2012/13, with a high of $3.50 per cwt in 2008/09 a nd a low of $0.60 per cwt in 2009/10. March 2014 WASDE - 527 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Feb Mar Filler Filler Filler Filler Filler Million Acres Area Planted 75.0 77.2 76.5 76.5 Area Harvested 73.8 76.2 75.9 75.9 Filler Bushels Yield per Harvested Acre 41.9 39.8 43.3 43.3 Million Bushels Beginning Stocks 215 169 141 141 Production 3,094 3,034 3,289 3,289 Imports 16 36 30 35 Supply, Total 3,325 3,239 3,459 3,464 Crushings 1,703 1,689 1,700 1,690 Exports 1,365 1,320 1,510 1,530 Seed 90 89 87 87 Residual - 2 11 21 2 Use, Total 3,155 3,099 3,309 3,319 Ending Stocks 169 141 150 145 Avg. Farm Price ($/bu) 2/ 12.50 14.40 11.95 - 13.45 12.20 - 13.70 Total SOYBEAN OIL 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Februar y Marc h Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 2,425 2,540 1,705 1,705 Production 19,740 19,820 19,840 19,720 Imports 149 196 200 200 Supply, Total 22,314 22,556 21,745 21,625 Domestic Disappearance 18,310 18,686 18,550 18,550 Biodiesel 3/ 4,874 4,617 5,200 4,900 Food, Feed & other Industrial 13,436 14,069 13,350 13,650 Exports 1,464 2,164 1,450 1,500 Use, Total 19,774 20,851 20,000 20,050 Ending stocks 2,540 1,705 1,745 1,575 Avg. Price (c/lb) 2/ 51.90 47.13 34.50 - 37.50 36.00 - 39.00 Total SOYBEAN MEAL 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Februar y Marc h Filler 1 2 3 4 Thousand Shor t Tons Beginning Stocks 350 300 275 275 Production 41,025 39,875 40,360 40,110 Imports 216 245 165 215 Supply, Total 41,591 40,420 40,800 40,600 Domestic Disappearance 31,548 29,031 29,600 29,400 Exports 9,743 11,114 10,900 10,900 Use, Total 41,291 40,145 40,500 40,300 Ending Stocks 300 275 300 300 Avg. Price ($/s.t.) 2/ 393.53 468.11 425.00 - 465.00 450.00 - 490.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oi l, simple average of crude soybean oil, Decatur; meal , simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made fr om methyl ester as reported by the U.S. Energy Information Administration. March 2014 WASDE - 527 - 16 U.S. Sugar Supply and Use 1/ 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Feb Mar Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 1,378 1,979 2,157 2,160 Production 2/ 8,485 8,981 8,725 8,715 Beet Sugar 4,895 5,076 5,025 5,025 Cane Sugar 3,590 3,905 3,700 3,690 Florida 1,828 1,867 1,780 1,765 Hawaii 172 179 185 190 Louisiana 1,440 1,686 1,600 1,600 Texas 150 173 135 135 Imports 3,631 3,224 3,184 3,184 TRQ 3/ 1,883 957 1,319 1,319 Other Program 4/ 664 136 110 110 Other 5/ 1,084 2,131 1,755 1,755 Mexico 1,071 2,124 1,745 1,745 Total Supply 13,494 14,184 14,066 14,059 Exports 269 274 250 325 Deliveries 11,246 11,750 11,991 12,051 Food 6/ 11,073 11,485 11,490 11,600 Other 7/ 173 265 501 451 Miscellaneous 0000 Total Use 11,515 12,024 12,241 12,376 Ending Stocks 8/ 1,979 2,160 1,825 1,683 Stocks to Use Ratio 17.2 18.0 14.9 13.6 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2013/14 are based on Crop Production and processor projections wh ere appropriate. 3/ For 2012/13, WTO TRQ shortfall (566). For 2013/14, WTO TRQ shortfall (250). 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ For 2011/12, other high-tier (13) and other (0). For 2012/13, other high-tie r (7) and other (0). For 2013/14, other high-tier (10) and othe r (0). 6/Combines SMD deliveries for domestic human food use and SM D miscellaneous uses. 7/ Transfers to sugar-containing products for reexport, and for nonedible alcohol, feed, and et hanol. 8/ For 2012/13, includes 316,415 short tons, raw value, of stocks held by the Commodity Credit Corporation. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ ExportsEnding Stocks Sugar 1,000 Metric Tons, Actual Weight 2012/13 Est. Feb 966 6,975 217 4,726 1,972 1,460 2012/13 Est. Mar 966 6,975 217 4,726 1,972 1,460 2013/14 Proj. Feb 1,460 6,350 226 4,690 2,399 947 2013/14 Proj. Mar 1,460 6,350 226 4,690 2,399 947 1/ HFCS imports by Mexico (1,000 metric tons, dry ba sis): Oct-Sep 2012/13 = 1,105; Oct 2012-Jan 2013 = 394; Oct 2013-Jan 2014 = 302. Footnote source: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes domestic consumption, Mexico's products export pr ogram (IMMEX), and any residual statistical discrepancies. IMMEX: 2012/13 (375 est), 2013/14 (384 proj). March 2014 WASDE - 527 - 17 U.S. Cotton Supply and Use 1/ 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Feb Mar Filler Filler Filler Filler Filler Area Million Acres Planted 14.74 12.31 10.41 10.41 Harvested 9.46 9.37 7.66 7.66 Filler Pounds Yield per Harvested Acre 790 887 826 826 Million 480 Pound Bales Beginning Stocks 2.60 3.35 3.90 3.90 Production 15.57 17.32 13.19 13.19 Imports 0.02 0.01 0.01 0.01 Supply, Total 18.19 20.68 17.10 17.10 Domestic Use 3.30 3.50 3.60 3.60 Exports, Total 11.71 13.03 10.50 10.70 Use, Total 15.01 16.53 14.10 14.30 Unaccounted 2/ -0.17 0.25 0.00 0.00 Ending Stocks 3.35 3.90 3.00 2.80 Avg. Farm Price 3/ 88.3 72.5 74.0 - 78.0 75.0 - 78.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the differe nce between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. March 2014 WASDE - 527 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2011/12 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 198.98 697.27 149.32 146.87 697.31 157.78 198.94 United States 23.47 54.41 3.05 4.42 32.11 28.61 20.21 Total Foreign 175.52 642.86 146.27 142.45 665.20 129.18 178.73 Major Exporters 4/ 31.58 208.88 7.98 65.50 149.54 71.63 27.27 Argentina 4.11 15.50 0.01 0.10 5.95 12.93 0.74 Australia 8.18 29.91 0.12 3.20 6.51 24.66 7.05 Canada 7.36 25.29 0.49 4.70 9.85 17.35 5.93 European Union 5/ 11.93 138.18 7.37 57.50 127.23 16.69 13.56 Major Importers 6/ 89.45 188.58 80.31 38.28 261.77 7.70 88.88 Brazil 1.85 5.80 7.34 0.50 11.20 2.04 1.75 China 59.09 117.40 2.93 24.00 122.50 0.98 55.95 Sel. Mideast 7/ 7.78 17.70 16.31 3.93 34.08 1.33 6.39 N. Africa 8/ 12.19 18.31 24.90 3.48 40.87 0.44 14.09 Pakistan 3.17 25.00 0.05 0.40 23.10 1.10 4.02 Southeast Asia 9/ 4.00 0.00 17.41 3.98 16.02 0.73 4.66 Selected Other 0.00 India 15.36 86.87 0.02 3.10 81.40 0.89 19.95 FSU-12 23.61 115.03 8.02 27.90 79.87 39.77 27.03 Russia 13.74 56.24 0.55 15.50 38.00 21.63 10.90 Kazakhstan 2.88 22.73 0.01 2.60 7.60 11.84 6.18 Ukraine 3.34 22.32 0.08 6.10 14.95 5.44 5.36 2012/13 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 198.94 656.42 144.63 136.49 679.44 137.39 175.92 United States 20.21 61.67 3.34 10.57 38.27 27.42 19.54 Total Foreign 178.73 594.74 141.29 125.92 641.17 109.98 156.38 Major Exporters 4/ 27.27 192.84 5.89 58.59 142.53 63.80 19.67 Argentina 0.74 9.30 0.01 0.30 6.20 3.55 0.29 Australia 7.05 22.46 0.14 3.40 6.74 18.66 4.24 Canada 5.93 27.21 0.48 4.39 9.59 18.98 5.05 European Union 5/ 13.56 133.88 5.26 50.50 120.00 22.62 10.08 Major Importers 6/ 88.88 187.36 79.14 35.29 264.61 6.48 84.30 Brazil 1.75 4.38 7.36 0.20 10.90 1.58 1.00 China 55.95 121.02 2.96 25.00 125.00 0.97 53.96 Sel. Mideast 7/ 6.39 17.34 20.43 2.65 34.17 0.70 9.28 N. Africa 8/ 14.09 17.23 22.16 2.38 41.44 0.60 11.45 Pakistan 4.02 23.30 0.05 0.60 23.90 0.85 2.62 Southeast Asia 9/ 4.66 0.00 15.76 3.04 15.68 0.77 3.98 Selected Other 0.00 India 19.95 94.88 0.02 3.40 83.82 6.82 24.20 FSU-12 27.03 77.50 7.23 20.96 71.80 25.50 14.46 Russia 10.90 37.72 1.17 11.90 33.55 11.29 4.95 Kazakhstan 6.18 9.84 0.01 2.00 6.80 6.29 2.94 Ukraine 5.36 15.76 0.05 3.30 11.80 7.19 2.18 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to di fferences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada , and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and South east Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, a nd Oman. 8/ Algeria, Egypt, Li bya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2014 WASDE - 527 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2013/14 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Feb 175.84 711.89 152.00 135.02 703.99 159.39 183.73 Mar 175.92 712.72 155.03 134.95 704.82 162.05 183.81 United States Feb 19.54 57.96 4.63 6.80 34.96 31.98 15.19 Mar 19.54 57.96 4.63 6.80 34.96 31.98 15.19 Total Foreign Feb 156.31 653.92 147.37 128.22 669.04 127.41 168.55 Mar 156.38 654.75 150.41 128.15 669.87 130.07 168.62 Major Exporters 4/ Feb 19.67 217.37 4.62 57.80 141.55 73.00 27.10 Mar 19.67 217.89 4.63 56.70 140.45 74.50 27.23 Argentina Feb 0.29 10.50 0.01 0.10 6.05 3.00 1.75 Mar 0.29 10.50 0.01 0.10 6.05 3.00 1.75 Australia Feb 4.24 26.50 0.12 3.20 6.55 19.50 4.81 Mar 4.24 27.00 0.13 3.60 6.95 19.50 4.92 Canada Feb 5.05 37.50 0.49 5.00 10.20 23.00 9.84 Mar 5.05 37.50 0.49 5.00 10.20 23.00 9.84 European Union 5/ Feb 10.08 142.87 4.00 49.50 118.75 27.50 10.70 Mar 10.08 142.89 4.00 48.00 117.25 29.00 10.72 Major Importers 6/ Feb 84.30 194.62 85.06 35.51 268.02 5.36 90.61 Mar 84.30 194.34 87.09 35.91 268.77 5.51 91.46 Brazil Feb 1.00 5.30 7.40 0.60 11.40 0.50 1.80 Mar 1.00 5.30 7.40 0.60 11.40 0.50 1.80 China Feb 53.96 122.00 8.50 25.00 125.50 1.00 57.96 Mar 53.96 121.72 8.50 25.00 125.50 1.00 57.68 Sel. Mideast 7/ Feb 9.28 18.89 19.06 3.08 35.44 0.64 11.15 Mar 9.28 18.89 20.69 3.48 36.09 0.62 12.15 N. Africa 8/ Feb 11.45 20.31 22.90 2.68 42.66 0.58 11.43 Mar 11.45 20.31 23.40 2.68 42.76 0.68 11.73 Pakistan Feb 2.62 24.00 0.80 0.60 24.00 0.60 2.82 Mar 2.62 24.00 0.70 0.60 24.00 0.60 2.72 Southeast Asia 9/ Feb 3.98 0.00 15.90 2.56 15.72 0.74 3.42 Mar 3.98 0.00 15.90 2.56 15.72 0.82 3.34 Selected Other India Feb 24.20 92.46 0.02 3.50 89.98 6.50 20.20 Mar 24.20 93.51 0.02 4.80 92.23 6.50 19.00 FSU-12 Feb 14.38 103.83 6.91 23.84 74.38 33.90 16.85 Mar 14.46 103.83 7.41 23.34 73.88 34.90 16.92 Russia Feb 4.95 52.07 0.50 13.50 35.00 16.50 6.02 Mar 4.95 52.07 1.00 13.00 34.50 17.50 6.02 Kazakhstan Feb 2.94 13.94 0.01 2.50 7.30 6.50 3.09 Mar 2.94 13.94 0.01 2.50 7.30 6.50 3.09 Ukraine Feb 2.18 22.28 0.10 3.50 11.50 10.00 3.06 Mar 2.18 22.28 0.10 3.50 11.50 10.00 3.06 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to di fferences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada , and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and South east Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, a nd Oman. 8/ Algeria, Egypt, Li bya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2014 WASDE - 527 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2011/12 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 166.28 1,151.28 128.14 657. 76 1,152.14 146.70 165.42 United States 32.29 323.73 2.88 119.88 290.05 41.03 27.82 Total Foreign 133.99 827.56 125.27 537.88 862.10 105.67 137.60 Major Exporters 4/ 24.96 154.42 2.13 74.77 101.71 60.65 19.15 Argentina 5.68 30.11 0.01 6.85 10.51 23.86 1.43 Australia 1.54 12.26 0.00 4.36 5.94 6.92 0.94 Brazil 10.61 75.88 1.09 45.54 53.74 24.34 9.51 Canada 3.55 22.92 0.90 13.04 20.28 3.70 3.40 Major Importers 5/ 37.24 229.53 92.00 235.25 313.30 7.82 37.66 European Union 6/ 16.73 149.88 6.95 113.24 151.46 6.53 15.58 Japan 1.18 0.18 17.73 13.18 17.99 0.00 1.09 Mexico 2.04 25.69 12.81 21.42 37.99 0.69 1.86 N. Afr & Mideast 7/ 10.51 28.01 25.01 44.29 51.86 0.23 11.45 Saudi Arabia 1.65 0.45 10.53 9.13 9.50 0.00 3.13 Southeast Asia 8/ 3.05 25.08 6.75 23.96 31.87 0.37 2.64 South Korea 1.64 0.21 7.73 5.73 8.03 0.00 1.54 Selected Other 0.00 China 50.13 199.30 7.92 132.40 196.99 0.13 60.23 FSU-12 5.50 78.67 1.05 38.67 54.38 24.61 6.22 Russia 1.88 33.08 0.41 18.10 27.73 5.82 1.81 Ukraine 2.15 33.48 0.10 11.70 15.56 17.74 2.42 2012/13 Est. Beginnin g Stock s Productio n Import sDomesti c FeedDomesti c Total 2 / Export s Endin g Stock s World 3/ 165.42 1,133.19 128.03 667. 35 1,134.17 122.25 164.43 United States 27.82 286.01 6.70 115.61 276.27 20.73 23.53 Total Foreign 137.60 847.18 121.33 551.73 857.90 101.52 140.90 Major Exporters 4/ 19.15 169.26 1.92 75.52 103.57 61.88 24.89 Argentina 1.43 37.05 0.01 7.49 11.65 23.88 2.95 Australia 0.94 11.17 0.00 3.63 5.21 6.06 0.84 Brazil 9.51 83.77 1.26 46.34 55.09 25.03 14.42 Canada 3.40 24.43 0.52 13.04 20.27 4.99 3.09 Major Importers 5/ 37.66 228.02 91.67 238.83 317.50 8.04 31.81 European Union 6/ 15.58 145.88 11.84 114.48 153.50 7.36 12.44 Japan 1.09 0.18 17.74 13.22 18.03 0.00 0.98 Mexico 1.86 28.88 7.60 19.33 36.20 0.52 1.62 N. Afr & Mideast 7/ 11.45 27.18 23.30 45.58 52.77 0.07 9.10 Saudi Arabia 3.13 0.35 10.69 10.65 11.13 0.00 3.03 Southeast Asia 8/ 2.64 25.27 7.78 24.86 32.77 0.09 2.84 South Korea 1.54 0.21 8.27 6.53 8.64 0.00 1.39 Selected Other 0.00 China 60.23 212.92 5.60 146.15 212.27 0.11 66.37 FSU-12 6.22 68.97 0.79 35.90 50.77 19.94 5.27 Russia 1.81 28.66 0.31 16.40 25.13 4.30 1.35 Ukraine 2.42 29.53 0.08 10.83 14.56 15.00 2.47 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjust ed to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in som e countries. 4/ Argentina, Australia, Canada, Brazil, a nd South Africa. 5/ The European Union, Me xico, Japan, selected North Africa and Midd le East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes in tra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, M orocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2014 WASDE - 527 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2013/14 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Feb 163.79 1,260.01 140.51 737. 47 1,232.72 146.20 191.08 Mar 164.43 1,260.77 141.80 739. 31 1,233.75 146.71 191.46 United States Feb 23.53 369.43 3.19 140.77 310.61 44.96 40.59 Mar 23.53 369.43 3.02 140.67 310.48 45.59 39.91 Total Foreign Feb 140.26 890.58 137.32 596.70 922.11 101.25 150.49 Mar 140.90 891.34 138.79 598.64 923.27 101.12 151.55 Major Exporters 4/ Feb 24.89 161.05 1.86 81.22 111.37 54.71 21.71 Mar 24.89 161.36 1.86 81.36 111.51 54.79 21.80 Argentina Feb 2.95 33.82 0.01 7.69 12.45 21.51 2.82 Mar 2.95 33.87 0.01 7.74 12.50 21.51 2.82 Australia Feb 0.84 12.19 0.00 4.29 5.96 6.15 0.91 Mar 0.84 12.45 0.00 4.39 6.06 6.33 0.90 Brazil Feb 14.42 72.81 1.21 48.36 58.16 20.01 10.27 Mar 14.42 72.81 1.21 48.36 58.16 20.01 10.27 Canada Feb 3.09 28.74 0.54 15.74 23.24 5.03 4.10 Mar 3.09 28.74 0.54 15.74 23.24 4.93 4.20 Major Importers 5/ Feb 31.30 246.60 100.33 253.85 333.99 9.38 34.85 Mar 31.81 246.20 101.28 255.15 335.29 9.18 34.82 European Union 6/ Feb 12.46 159.04 10.88 120.45 160.07 8.26 14.05 Mar 12.44 158.77 11.38 121.35 160.97 8.06 13.56 Japan Feb 0.98 0.18 18.54 13.92 18.73 0.00 0.97 Mar 0.98 0.18 18.54 13.92 18.73 0.00 0.97 Mexico Feb 1.62 29.64 12.25 22.72 39.99 0.30 3.23 Mar 1.62 29.64 12.05 22.72 39.99 0.30 3.03 N. Afr & Mideast 7/ Feb 9.10 30.74 24.11 47.74 55.01 0.29 8.64 Mar 9.10 30.74 24.36 47.94 55.21 0.29 8.69 Saudi Arabia Feb 3.03 0.35 12.00 11.03 11.60 0.00 3.78 Mar 3.03 0.36 12.00 11.03 11.60 0.00 3.79 Southeast Asia 8/ Feb 2.30 26.37 8.52 26.27 34.27 0.54 2.38 Mar 2.84 26.23 8.92 26.47 34.47 0.54 2.98 South Korea Feb 1.39 0.21 9.59 7.55 9.82 0.00 1.37 Mar 1.39 0.21 9.59 7.55 9.82 0.00 1.37 Selected Other China Feb 66.37 224.18 10.58 160.35 228.48 0.13 72.52 Mar 66.37 224.91 10.88 160.65 228.78 0.13 73.25 FSU-12 Feb 5.22 87.62 0.86 41.32 57.65 27.54 8.51 Mar 5.27 87.62 0.87 41.32 57.65 27.54 8.58 Russia Feb 1.35 34.73 0.35 19.00 28.72 5.61 2.11 Mar 1.35 34.73 0.35 19.00 28.72 5.61 2.11 Ukraine Feb 2.47 39.92 0.08 12.53 16.63 21.18 4.65 Mar 2.47 39.92 0.08 12.53 16.63 21.18 4.65 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjust ed to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Uni on, Mexico, Japan, selected No rth Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Al geria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tuni sia, and Turkey. 8/ Indonesia, Malaysia, Philippi nes, Thailand, and Vietnam. March 2014 WASDE - 527 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2011/12 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 /ExportsEnding Stocks World 3/ 129.30 885.99 99.92 507.05 882.53 116.98 132.75 United States 28.64 313.95 0.75 115.74 279.03 39.18 25.12 Total Foreign 100.65 572.04 99.17 391.31 603.50 77.79 107.63 Major Exporters 4/ 17.82 106.76 0.79 52.75 68.20 43.30 13.88 Argentina 4.13 21.00 0.01 4.80 7.00 17.15 0.99 Brazil 10.28 73.00 0.77 43.00 50.50 24.34 9.21 South Africa 3.42 12.76 0.01 4.95 10.70 1.81 3.68 Major Importers 5/ 13.29 117.47 58.04 121.09 169.14 4.36 15.31 Egypt 1.27 5.50 7.15 9.70 11.70 0.01 2.22 European Union 6/ 5.22 68.12 6.11 54.00 69.50 3.29 6.67 Japan 0.62 0.00 14.89 10.40 14.90 0.00 0.61 Mexico 1.11 18.73 11.17 13.20 29.00 0.69 1.32 Southeast Asia 7/ 3.05 25.03 6.74 23.90 31.80 0.37 2.64 South Korea 1.59 0.07 7.64 5.69 7.82 0.00 1.48 Selected Other 0.00 Canada 1.26 11.36 0.87 6.40 11.64 0.49 1.37 China 49.42 192.78 5.23 131.00 188.00 0.09 59.34 FSU-12 1.90 34.12 0.33 13.95 16.42 17.49 2.45 Ukraine 1.12 22.84 0.05 6.50 7.80 15.16 1.05 2012/13 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ ExportsEnding Stocks World 3/ 132.75 863.42 98.61 515.58 861.50 94.46 134.67 United States 25.12 273.83 4.13 110.12 263.64 18.58 20.86 Total Foreign 107.63 589.59 94.49 405.46 597.86 75.88 113.81 Major Exporters 4/ 13.88 119.87 0.93 53.95 70.35 45.40 18.92 Argentina 0.99 26.50 0.01 5.00 7.60 18.50 1.40 Brazil 9.21 81.00 0.90 44.00 52.00 25.00 14.11 South Africa 3.68 12.37 0.03 4.95 10.75 1.90 3.42 Major Importers 5/ 15.31 111.60 56.73 119.08 167.94 2.81 12.89 Egypt 2.22 5.80 5.06 9.70 11.70 0.01 1.37 European Union 6/ 6.67 58.86 11.35 53.00 69.30 2.19 5.38 Japan 0.61 0.00 14.41 10.00 14.50 0.00 0.52 Mexico 1.32 21.59 5.68 11.00 27.00 0.52 1.06 Southeast Asia 7/ 2.64 25.22 7.76 24.80 32.70 0.09 2.83 South Korea 1.48 0.08 8.17 6.48 8.42 0.00 1.32 Selected Other 0.00 Canada 1.37 13.06 0.48 6.28 11.61 1.75 1.55 China 59.34 205.61 2.70 144.00 202.00 0.08 65.57 FSU-12 2.45 32.33 0.32 15.49 18.06 15.00 2.04 Ukraine 1.05 20.92 0.05 6.80 8.10 12.73 1.20 1/ Aggregate of local marketing years. 2/ Total forei gn and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Mala ysia, Philippines, Thailand, and Vietnam. March 2014 WASDE - 527 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2013/14 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Feb 134.00 966.63 109.92 573.53 943.33 114.42 157.30 Mar 134.67 967.52 111.04 574.93 943.72 114.53 158.47 United States Feb 20.86 353.72 0.89 134.63 297.19 40.64 37.63 Mar 20.86 353.72 0.89 134.63 297.19 41.28 36.99 Total Foreign Feb 113.14 612.92 109.04 438.90 646.13 73.78 119.67 Mar 113.81 613.80 110.15 440.30 646.53 73.25 121.48 Major Exporters 4/ Feb 18.92 107.00 0.84 56.10 74.00 38.00 14.76 Mar 18.92 107.00 0.84 56.10 74.00 38.00 14.76 Argentina Feb 1.40 24.00 0.01 5.00 8.00 16.00 1.41 Mar 1.40 24.00 0.01 5.00 8.00 16.00 1.41 Brazil Feb 14.11 70.00 0.80 46.00 55.00 20.00 9.91 Mar 14.11 70.00 0.80 46.00 55.00 20.00 9.91 South Africa Feb 3.42 13.00 0.03 5.10 11.00 2.00 3.44 Mar 3.42 13.00 0.03 5.10 11.00 2.00 3.44 Major Importers 5/ Feb 12.36 118.43 66.00 129.30 179.63 3.35 13.82 Mar 12.89 118.49 66.90 130.50 180.83 2.85 14.61 filler filler filler filler filler filler filler Egypt Feb 1.37 5.60 6.20 10.00 12.00 0.01 1.16 Mar 1.37 5.60 6.20 10.00 12.00 0.01 1.16 European Union 6/ Feb 5.38 64.69 10.50 55.50 72.50 2.50 5.56 Mar 5.38 64.89 11.00 56.50 73.50 2.00 5.76 Japan Feb 0.52 0.00 15.50 11.00 15.50 0.00 0.52 Mar 0.52 0.00 15.50 11.00 15.50 0.00 0.52 Mexico Feb 1.06 21.70 11.50 15.00 31.50 0.30 2.46 Mar 1.06 21.70 11.50 15.00 31.50 0.30 2.46 Southeast Asia 7/ Feb 2.30 26.32 8.50 26.20 34.20 0.54 2.38 Mar 2.83 26.18 8.90 26.40 34.40 0.54 2.97 South Korea Feb 1.32 0.08 9.50 7.50 9.60 0.00 1.31 Mar 1.32 0.08 9.50 7.50 9.60 0.00 1.31 Selected Other Canada Feb 1.55 14.20 0.50 7.50 12.90 1.50 1.85 Mar 1.55 14.20 0.50 7.50 12.90 1.50 1.85 China Feb 65.57 217.00 5.00 156.00 216.00 0.10 71.47 Mar 65.57 217.73 5.00 156.00 216.00 0.10 72.20 FSU-12 Feb 1.97 46.21 0.32 19.02 21.99 21.84 4.68 Mar 2.04 46.21 0.33 19.02 21.99 21.84 4.76 Ukraine Feb 1.20 30.90 0.05 8.50 10.10 18.50 3.55 Mar 1.20 30.90 0.05 8.50 10.10 18.50 3.55 1/ Aggregate of local marketing years. 2/ Total foreign a nd world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not ba lance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Ar gentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast As ia. 6/ Trade excludes intra-tr ade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2014 WASDE - 527 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2011/12 Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ 99.57 466.47 35.59 459.35 39.79 106.70 United States 1.51 5.87 0.62 3.49 3.20 1.30 Total Foreign 98.06 460.61 34.98 455.86 36.59 105.39 Major Exporters 4/ 31.36 159.12 0.75 125.93 28.49 36.81 India 23.50 105.31 0.00 93.33 10.38 25.10 Pakistan 0.30 6.20 0.05 2.55 3.46 0.55 Thailand 5.62 20.46 0.60 10.40 6.95 9.33 Vietnam 1.94 27.15 0.10 19.65 7.72 1.83 Major Importers 5/ 13.32 62.21 14.14 75.60 1.21 12.87 Brazil 0.80 7.89 0.73 7.93 0.95 0.54 European Union 6/ 1.22 2.11 1.30 3.30 0.21 1.12 Indonesia 7.13 36.50 1.96 38.19 0.00 7.40 Nigeria 0.54 2.88 3.20 5.60 0.00 1.02 Philippines 2.46 10.71 1.20 12.86 0.00 1.51 Sel. Mideast 7/ 1.13 1.67 3.93 5.78 0.02 0.93 Selected Other 0.00 Burma 0.49 11.47 0.00 10.20 1.36 0.40 C. Amer & Carib 8/ 0.35 1.70 1.52 3.14 0.00 0.43 China 42.57 140.70 1.79 139.60 0.44 45.02 Egypt 0.12 4.25 0.34 3.62 0.60 0.49 Japan 2.71 7.65 0.64 8.05 0.20 2.75 Mexico 0.22 0.11 0.65 0.83 0.00 0.15 South Korea 1.03 4.22 0.38 4.91 0.00 0.73 2012/13 Est. Beginning Stocks Production ImportsTotal /2 Domestic ExportsEnding Stocks World 3/ 106.70 471.47 36.16 467.18 39.06 110.98 United States 1.30 6.34 0.67 3.75 3.40 1.16 Total Foreign 105.39 465.13 35.50 463.43 35.66 109.83 Major Exporters 4/ 36.81 158.94 0.75 127.60 27.90 41.00 India 25.10 105.24 0.00 94.00 10.90 25.44 Pakistan 0.55 5.80 0.05 2.50 3.50 0.40 Thailand 9.33 20.20 0.60 10.60 6.70 12.83 Vietnam 1.83 27.70 0.10 20.50 6.80 2.33 Major Importers 5/ 12.87 62.60 13.31 75.73 0.95 12.09 Brazil 0.54 7.99 0.70 7.85 0.70 0.68 European Union 6/ 1.12 2.10 1.39 3.35 0.20 1.06 Indonesia 7.40 36.55 0.65 38.13 0.00 6.48 Nigeria 1.02 2.37 2.90 5.40 0.00 0.89 Philippines 1.51 11.43 1.40 12.85 0.00 1.49 Sel. Mideast 7/ 0.93 1.67 4.54 5.93 0.02 1.19 Selected Other 0.00 Burma 0.40 11.72 0.00 10.40 1.16 0.55 C. Amer & Carib 8/ 0.43 1.57 1.43 3.04 0.00 0.38 China 45.02 143.00 3.10 144.00 0.34 46.78 Egypt 0.49 4.68 0.05 3.90 0.85 0.46 Japan 2.75 7.76 0.69 8.25 0.20 2.74 Mexico 0.15 0.13 0.73 0.84 0.00 0.17 South Korea 0.73 4.01 0.51 4.61 0.00 0.63 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World impor ts and exports may not balance due to differen ces in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philipp ines, selected Middle East, and the EU-27. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ C entral American and Caribbean countries. March 2014 WASDE - 527 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2013/14 Proj. Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ Feb 106.85 471.51 38.11 473.33 40.39 105.03 Mar 110.98 474.76 38.05 474.03 40.93 111.71 United States Feb 1.16 6.12 0.67 3.84 3.22 0.88 filler filler filler filler filler filler Mar 1.16 6.12 0.70 3.84 3.22 0.91 Total Foreign Feb 105.69 465.40 37.45 469.49 37.17 104.16 filler filler filler filler filler filler Mar 109.83 468.64 37.35 470.20 37.71 110.80 Major Exporters 4/ Feb 40.66 157.60 0.70 128.80 29.40 40.76 Mar 41.00 159.60 0.70 129.80 29.40 42.10 India Feb 25.10 103.00 0.00 95.00 10.00 23.10 Mar 25.44 105.00 0.00 96.00 10.00 24.44 filler filler filler filler filler filler Pakistan Feb 0.40 6.40 0.00 2.60 3.40 0.80 Mar 0.40 6.40 0.00 2.60 3.40 0.80 Thailand Feb 12.83 20.50 0.60 10.70 8.50 14.73 Mar 12.83 20.50 0.60 10.70 8.50 14.73 Vietnam Feb 2.33 27.70 0.10 20.50 7.50 2.13 Mar 2.33 27.70 0.10 20.50 7.50 2.13 Major Importers 5/ Feb 8.69 64.84 13.97 78.37 1.20 7.93 Mar 12.09 64.50 13.92 77.20 1.20 12.11 Brazil Feb 0.68 8.30 0.75 7.95 0.95 0.83 filler filler filler filler filler filler Mar 0.68 8.30 0.75 7.95 0.95 0.83 European Union 6/ Feb 1.06 2.08 1.35 3.40 0.20 0.88 Mar 1.06 2.08 1.35 3.40 0.20 0.88 Indonesia Feb 3.09 37.70 1.50 39.80 0.00 2.49 Mar 6.48 37.36 1.50 38.65 0.00 6.68 Nigeria Feb 0.89 2.77 3.00 6.00 0.00 0.66 Mar 0.89 2.77 3.00 6.00 0.00 0.66 Philippines Feb 1.49 11.64 1.40 12.85 0.00 1.68 Mar 1.49 11.64 1.40 12.85 0.00 1.68 Sel. Mideast 7/ Feb 1.18 1.83 4.30 6.10 0.02 1.19 Mar 1.19 1.83 4.25 6.08 0.02 1.17 Selected Other Burma Feb 0.15 11.00 0.00 10.25 0.75 0.15 Mar 0.55 11.96 0.00 10.50 1.30 0.71 C. Amer & Carib 8/ Feb 0.38 1.66 1.56 3.21 0.00 0.39 Mar 0.38 1.66 1.56 3.21 0.00 0.39 China Feb 46.78 141.50 3.40 146.00 0.35 45.33 Mar 46.78 142.30 3.40 146.00 0.35 46.13 Egypt Feb 0.46 4.85 0.03 4.00 0.85 0.49 Mar 0.46 4.85 0.03 4.00 0.85 0.49 Japan Feb 2.74 7.83 0.70 8.25 0.20 2.82 Mar 2.74 7.83 0.70 8.25 0.20 2.82 Mexico Feb 0.17 0.14 0.75 0.86 0.00 0.19 Mar 0.17 0.14 0.75 0.86 0.00 0.19 South Korea Feb 0.63 4.23 0.41 4.50 0.00 0.77 Mar 0.63 4.23 0.41 4.50 0.00 0.77 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-27. 6/ Tr ade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. March 2014 WASDE - 527 - 26 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2011/12 Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World 50.23 126.64 45.02 102.81 46.06 -0.30 73.32 United States 2.60 15.57 0.02 3.30 11.71 -0.17 3.35 Total Foreign 47.63 111.07 45.00 99.51 34.35 -0.12 69.97 Major Exporters 4/ 27.71 56.96 1.09 28.22 28.84 -0.31 29.00 Central Asia 5/ 2.63 6.81 0.03 2.12 4.21 0.03 3.11 Afr. Fr. Zone 6/ 0.56 3.21 3 / 0.19 2.44 0.00 1.14 S. Hemis 7/ 12.40 16.29 0.16 5.14 10.69 -0.35 13.38 Australia 2.64 5.50 3 / 0.04 4.64 -0.23 3.68 Brazil 7.91 8.70 0.03 4.00 4.79 -0.15 7.99 India 11.80 29.00 0.60 19.40 11.08 0.00 10.92 Major Importers 8/ 18.19 50.96 41.07 67.60 3.35 0.19 39.09 Mexico 0.60 1.18 1.00 1.70 0.34 0.03 0.71 China 10.60 34.00 24.53 38.00 0.06 0.00 31.08 European Union 9/ 0.57 1.60 0.86 0.89 1.39 0.05 0.69 Turkey 1.32 3.44 2.38 5.60 0.30 0.00 1.24 Pakistan 2.52 10.60 0.90 10.00 1.16 0.03 2.84 Indonesia 0.45 0.03 2.30 2.25 0.01 0.05 0.48 Thailand 0.32 3 / 1.26 1.30 0.00 0.03 0.26 Bangladesh 0.84 0.09 3.20 3.30 0.00 0.01 0.82 Vietnam 0.34 0.02 1.63 1.68 0.00 0.00 0.32 2012/13 Est. Beginning Stocks Production ImportsDomestic Use ExportsLoss /2 Ending Stocks World 73.32 123.07 45.95 106.35 46.71 0.12 89.16 United States 3.35 17.32 0.01 3.50 13.03 0.25 3.90 Total Foreign 69.97 105.76 45.94 102.85 33.68 -0.13 85.26 Major Exporters 4/ 29.00 53.51 1.61 30.61 29.02 -0.32 24.81 Central Asia 5/ 3.11 7.27 0.01 2.33 5.34 0.03 2.69 Afr. Fr. Zone 6/ 1.14 4.23 3 / 0.19 3.96 0.00 1.23 S. Hemis 7/ 13.38 12.30 0.17 5.17 11.55 -0.35 9.49 Australia 3.68 4.60 3 / 0.04 6.17 -0.23 2.29 Brazil 7.99 6.00 0.07 4.10 4.31 -0.15 5.80 India 10.92 28.50 1.20 21.80 7.75 0.00 11.07 Major Importers 8/ 39.09 49.65 41.53 68.58 2.79 0.19 58.73 Mexico 0.71 1.09 0.95 1.80 0.23 0.03 0.70 China 31.08 35.00 20.33 36.00 0.05 0.00 50.36 European Union 9/ 0.69 1.51 0.93 0.91 1.58 0.05 0.58 Turkey 1.24 2.60 3.69 6.00 0.22 0.00 1.32 Pakistan 2.84 9.30 2.20 11.00 0.45 0.03 2.86 Indonesia 0.48 0.03 2.60 2.55 0.01 0.05 0.50 Thailand 0.26 3 / 1.51 1.48 0.01 0.03 0.27 Bangladesh 0.82 0.11 3.60 3.60 0.00 0.01 0.92 Vietnam 0.32 0.02 2.41 2.25 0.00 0.00 0.49 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2 / Generally reflects cotton lost or destroyed in the marketing ch annel; for Australia, Brazil, China, and the United States, refl ects the difference between implicit stocks based on supply less total use and indicated ending st ocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Ky rgyzstan, Tajikistan, Turkmenist an, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Co te d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Pa raguay, South Africa, Tanzania, and Zimbabwe . 8/ In addition to the countries and reg ions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiw an. 9/ Includes intra-EU trade. March 2014 WASDE - 527 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2013/14 Proj. Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World Feb 89.16 116.67 38.45 109.48 38.47 -0.14 96.47 Mar 89.16 116.68 38.43 109.21 38.45 -0.14 96.75 United States Feb 3.90 13.19 0.01 3.60 10.50 0.00 3.00 Mar 3.90 13.19 0.01 3.60 10.70 0.00 2.80 Total Foreign Feb 85.26 103.48 38.44 105.88 27.97 -0.14 93.47 Mar 85.26 103.49 38.42 105.61 27.75 -0.14 93.95 filler filler filler filler filler filler filler Major Exporters 4/ Feb 24.81 54.64 1.70 31.94 23.57 -0.33 25.97 Mar 24.81 54.60 1.70 32.24 23.32 -0.33 25.88 Central Asia 5/ Feb 2.69 6.83 0.01 2.41 4.60 0.03 2.50 Mar 2.69 6.78 0.01 2.46 4.45 0.03 2.55 Afr. Fr. Zone 6/ Feb 1.23 4.13 3 / 0.19 3.85 0.00 1.32 Mar 1.23 4.13 3 / 0.19 3.85 0.00 1.32 S. Hemis 7/ Feb 9.49 13.64 0.19 5.29 7.27 -0.36 11.11 Mar 9.49 13.65 0.19 5.29 7.17 -0.36 11.22 Australia Feb 2.29 4.10 3 / 0.04 3.90 -0.23 2.67 Mar 2.29 4.10 3 / 0.04 3.80 -0.23 2.77 Brazil Feb 5.80 7.40 0.08 4.20 2.40 -0.15 6.83 Mar 5.80 7.40 0.08 4.20 2.40 -0.15 6.83 India Feb 11.07 29.00 1.10 23.00 7.50 0.00 10.67 Mar 11.07 29.00 1.10 23.25 7.50 0.00 10.42 filler filler filler filler filler filler filler Major Importers 8/ Feb 58.73 46.30 33.71 70.25 2.53 0.19 65.78 Mar 58.73 46.34 33.68 69.67 2.56 0.19 66.35 Mexico Feb 0.70 0.79 1.10 1.85 0.10 0.03 0.62 Mar 0.70 0.83 1.05 1.85 0.10 0.03 0.61 China Feb 50.36 32.00 11.00 36.00 0.05 0.00 57.31 Mar 50.36 32.00 11.00 35.50 0.05 0.00 57.81 European Union 9/ Feb 0.58 1.60 0.90 0.91 1.49 0.05 0.63 Mar 0.58 1.60 0.92 0.93 1.49 0.05 0.63 Turkey Feb 1.32 2.25 4.10 6.20 0.15 0.00 1.32 Mar 1.32 2.25 4.25 6.25 0.18 0.00 1.39 Pakistan Feb 2.86 9.50 2.50 11.50 0.50 0.03 2.84 Mar 2.86 9.50 2.00 11.00 0.50 0.03 2.84 Indonesia Feb 0.50 0.03 2.70 2.65 0.01 0.05 0.53 Mar 0.50 0.03 2.75 2.70 0.01 0.05 0.53 Thailand Feb 0.27 3 / 1.65 1.60 0.01 0.03 0.29 Mar 0.27 3 / 1.65 1.60 0.01 0.03 0.29 Bangladesh Feb 0.92 0.12 3.70 3.80 0.00 0.01 0.93 Mar 0.92 0.12 3.90 4.00 0.00 0.01 0.93 Vietnam Feb 0.49 0.02 2.80 2.70 0.00 0.00 0.61 Mar 0.49 0.02 2.90 2.80 0.00 0.00 0.61 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing ch annel; for Australia, Brazil, China, and the United States, refl ects the difference between implicit stocks based on supply less total use a nd indicated ending stocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenist an, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions liste d, includes Hong Kong, Japan, Russia, South Kor ea, and Taiwan. 9/ Includes intra-EU trade. March 2014 WASDE - 527 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2011/12 Beginning StocksProduction Imports Domestic CrushDomestic TotalExports Ending Stocks World 2/ 70.36 239.57 93.43 228.02 257.58 92.27 53.51 United States 5.85 84.19 0.44 46.35 48.72 37.15 4.61 Total Foreign 64.51 155.38 92.99 181.67 208.86 55.12 48.90 Major Exporters 3/ 45.86 113.37 0.15 74.94 79.96 49.86 29.56 Argentina 21.40 40.10 0.00 35.89 37.75 7.37 16.39 Brazil 23.64 66.50 0.13 38.08 41.03 36.32 12.92 Paraguay 0.80 4.04 0.02 0.95 1.08 3.57 0.21 Major Importers 4/ 15.82 17.04 83.48 82.16 98.85 0.36 17.12 China 14.54 14.49 59.23 60.97 72.07 0.28 15.91 European Union 0.54 1.22 12.07 12.25 13.23 0.06 0.54 Japan 0.16 0.22 2.76 1.96 3.01 0.00 0.13 Mexico 0.03 0.21 3.61 3.68 3.71 0.00 0.13 2012/13 Est. Beginnin g Stock s Productio n Import sDomesti c CrushDomesti c Total Export sEndin g Stock s World 2/ 53.51 267.47 95.23 229.10 258.77 99.65 57.79 United States 4.61 82.56 0.98 45.97 48.42 35.91 3.83 Total Foreign 48.90 184.91 94.24 183.13 210.35 63.74 53.97 Major Exporters 3/ 29.56 142.60 0.42 71.01 76.19 57.84 38.55 Argentina 16.39 49.30 0.00 33.61 35.55 7.74 22.40 Brazil 12.92 82.00 0.40 34.48 37.48 41.90 15.93 Paraguay 0.21 8.30 0.02 2.90 3.06 5.30 0.17 Major Importers 4/ 17.12 15.49 84.22 86.59 103.13 0.39 13.32 China 15.91 13.05 59.87 64.95 76.18 0.27 12.38 European Union 0.54 1.00 12.51 12.74 13.64 0.09 0.31 Japan 0.13 0.22 2.87 1.92 3.00 0.00 0.22 Mexico 0.13 0.25 3.35 3.65 3.69 0.00 0.05 2013/14 Proj. Beginnin g Stock s Productio n Import s Domesti c CrushDomesti c Total Export s Endin g Stock s World 2/ Feb 58.65 287.69 105.33 238.75 269.34 109.33 73.01 Mar 57.79 285.43 105.34 239.04 269.70 108.22 70.64 United States Feb 3.83 89.51 0.82 46.27 48.96 41.10 4.09 Mar 3.83 89.51 0.95 45.99 48.69 41.64 3.95 Total Foreign Feb 54.82 198.19 104.52 192.48 220.37 68.23 68.92 Mar 53.97 195.93 104.39 193.05 221.01 66.58 66.69 Major Exporters 3/ Feb 39.25 156.42 0.17 77.20 82.61 61.84 51.39 Mar 38.55 153.72 0.17 77.60 82.91 60.34 49.19 Argentina Feb 22.40 54.00 0.00 36.60 38.60 8.00 29.81 Mar 22.40 54.00 0.00 36.60 38.60 8.00 29.81 Brazil Feb 15.93 90.00 0.15 37.28 40.38 45.00 20.70 Mar 15.93 88.50 0.15 37.28 40.38 45.00 19.20 Paraguay Feb 0.87 9.30 0.02 3.30 3.53 5.80 0.86 Mar 0.17 8.10 0.02 3.70 3.83 4.30 0.16 Major Importers 4/ Feb 13.32 14.83 93.92 89.91 106.81 0.34 14.92 Mar 13.32 14.95 93.92 90.03 106.93 0.34 14.92 China Feb 12.38 12.20 69.00 68.35 79.65 0.23 13.70 Mar 12.38 12.20 69.00 68.35 79.65 0.23 13.70 European Union Feb 0.31 1.13 12.30 12.23 13.15 0.08 0.50 Mar 0.31 1.25 12.30 12.35 13.27 0.08 0.50 Japan Feb 0.22 0.21 2.86 2.02 3.09 0.00 0.20 Mar 0.22 0.21 2.86 2.02 3.09 0.00 0.20 Mexico Feb 0.05 0.28 3.65 3.85 3.89 0.00 0.09 Mar 0.05 0.28 3.65 3.85 3.89 0.00 0.09 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an Octobe r-September year. 2/ World i mports and exports may not balance due to differences in local marketing years and to time lags be tween reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japa n, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Phil ippines, Vietnam, and Thailand). March 2014 WASDE - 527 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2011/12 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 8.66 180.35 56.79 177.36 58.27 10.17 United States 0.32 37.22 0.20 28.62 8.84 0.27 Total Foreign 8.34 143.13 56.59 148.74 49.43 9.90 Major Exporters 3/ 5.01 65.14 0.04 18.39 45.11 6.68 Argentina 2.43 27.95 0.00 0.96 26.04 3.38 Brazil 2.44 29.51 0.03 14.10 14.68 3.20 India 0.14 7.68 0.01 3.33 4.39 0.11 Major Importers 4/ 1.79 13.76 34.48 47.59 0.95 1.48 European Union 0.58 9.67 20.87 29.87 0.89 0.37 Southeast Asia 5/ 0.92 2.60 11.33 13.88 0.07 0.90 2012/13 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 10.17 180.58 53.43 176.74 57.48 9.96 United States 0.27 36.17 0.22 26.34 10.08 0.25 Total Foreign 9.90 144.40 53.21 150.41 47.40 9.71 Major Exporters 3/ 6.68 60.57 0.04 18.97 40.97 7.35 Argentina 3.38 26.09 0.00 1.07 23.67 4.73 Brazil 3.20 26.72 0.03 14.20 13.24 2.51 India 0.11 7.76 0.01 3.70 4.06 0.11 Major Importers 4/ 1.48 14.25 31.08 45.16 0.58 1.07 European Union 0.37 10.19 16.94 26.89 0.54 0.08 Southeast Asia 5/ 0.90 2.61 12.37 14.92 0.04 0.92 2013/14 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Feb 10.42 188.50 58.05 184.66 61.12 11.19 Mar 9.96 188.66 58.22 184.49 61.43 10.92 United States Feb 0.25 36.61 0.15 26.85 9.89 0.27 Mar 0.25 36.39 0.20 26.67 9.89 0.27 Total Foreign Feb 10.17 151.89 57.90 157.81 51.23 10.91 Mar 9.71 152.27 58.03 157.81 51.54 10.65 Major Exporters 3/ Feb 7.35 65.02 0.03 19.76 44.88 7.76 Mar 7.35 65.02 0.03 19.76 44.88 7.76 Argentina Feb 4.73 28.53 0.00 1.19 27.33 4.74 Mar 4.73 28.53 0.00 1.19 27.33 4.74 Brazil Feb 2.51 28.89 0.03 14.50 14.00 2.93 Mar 2.51 28.89 0.03 14.50 14.00 2.93 India Feb 0.11 7.60 0.01 4.07 3.55 0.10 Mar 0.11 7.60 0.01 4.07 3.55 0.10 Major Importers 4/ Feb 1.15 14.07 34.08 47.03 0.77 1.50 Mar 1.07 14.10 34.43 47.41 0.75 1.44 European Union Feb 0.08 9.83 19.10 27.93 0.70 0.37 Mar 0.08 9.86 19.10 27.96 0.70 0.37 Southeast Asia 5/ Feb 1.00 2.72 12.75 15.40 0.07 1.00 Mar 0.92 2.72 13.10 15.75 0.05 0.94 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Ar gentina, Brazil, and India. 4/ European Union, Southeast Asia , and Japan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. March 2014 WASDE - 527 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2011/12 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 3.81 42.59 7.96 41.99 8.47 3.90 United States 1.10 8.95 0.07 8.31 0.66 1.15 Total Foreign 2.71 33.63 7.89 33.68 7.80 2.75 Major Exporters 3/ 0.94 16.38 0.39 10.41 6.42 0.88 Argentina 0.30 6.84 0.00 3.02 3.79 0.32 Brazil 0.38 7.31 0.00 5.40 1.89 0.41 European Union 0.27 2.23 0.39 1.99 0.74 0.15 Major Importers 4/ 0.78 13.01 3.60 16.17 0.16 1.07 China 0.20 10.91 1.50 11.94 0.06 0.62 India 0.24 1.71 1.17 2.75 0.01 0.36 North Africa 5/ 0.34 0.39 0.92 1.47 0.09 0.09 2012/13 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 3.90 42.81 8.43 42.45 9.25 3.43 United States 1.15 8.99 0.09 8.48 0.98 0.77 Total Foreign 2.75 33.82 8.34 33.97 8.27 2.66 Major Exporters 3/ 0.88 15.30 0.40 9.47 6.51 0.60 Argentina 0.32 6.36 0.09 2.28 4.24 0.26 Brazil 0.41 6.62 0.01 5.54 1.25 0.24 European Union 0.15 2.32 0.30 1.65 1.01 0.10 Major Importers 4/ 1.07 13.76 3.88 17.20 0.14 1.37 China 0.62 11.63 1.41 12.55 0.08 1.02 India 0.36 1.73 1.09 2.95 0.00 0.23 North Africa 5/ 0.09 0.40 1.39 1.71 0.05 0.12 2013/14 Proj. Beginnin g Stock s Productio n Import s Domes t ic TotalExport s Endin g Stock s World 2/ Feb 3.52 44.61 8.80 44.21 9.19 3.54 Mar 3.43 44.66 8.81 44.32 9.28 3.30 United States Feb 0.77 9.00 0.09 8.41 0.66 0.79 Mar 0.77 8.95 0.09 8.41 0.68 0.71 Total Foreign Feb 2.75 35.61 8.71 35.79 8.53 2.74 Mar 2.66 35.71 8.72 35.91 8.60 2.58 Major Exporters 3/ Feb 0.61 16.35 0.38 10.00 6.65 0.68 Mar 0.60 16.37 0.40 10.00 6.70 0.67 Argentina Feb 0.27 6.98 0.08 2.49 4.50 0.33 Mar 0.26 6.98 0.08 2.49 4.50 0.32 Brazil Feb 0.24 7.15 0.00 5.74 1.45 0.20 Mar 0.24 7.15 0.00 5.74 1.45 0.20 European Union Feb 0.10 2.22 0.30 1.77 0.70 0.15 Mar 0.10 2.24 0.32 1.77 0.75 0.14 Major Importers 4/ Feb 1.37 14.35 4.03 18.26 0.19 1.30 Mar 1.37 14.35 4.09 18.40 0.12 1.30 China Feb 1.02 12.25 1.47 13.65 0.06 1.02 Mar 1.02 12.25 1.47 13.65 0.06 1.02 India Feb 0.23 1.70 1.23 3.00 0.00 0.16 Mar 0.23 1.70 1.23 3.00 0.00 0.16 North Africa 5/ Feb 0.12 0.41 1.33 1.61 0.13 0.12 Mar 0.12 0.41 1.39 1.74 0.06 0.12 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and i mports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and Eurpoean Union. 4/ China, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. March 2014 WASDE - 527 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Mea t 2/Broiler Turkey Total Poultry 3 /Red Meat & PoultryEgg Milk 4 / Million Pounds Mil doz Bil lbs 2012 Annual 25,913 23,253 49,439 37,039 5, 967 43,523 92,963 7,786 200.5 2013 I 6,172 5,777 12,016 9,144 1, 459 10,727 22,743 1,945 50.5 II 6,517 5,519 12,103 9,466 1, 486 11,087 23,190 1,968 52.0 III 6,608 5,624 12,299 9,683 1, 440 11,265 23,564 1,994 49.4 IV 6,420 6,278 12,765 9,537 1, 420 11,080 23,844 2,038 49.3 Annual Feb Est. 25,717 23,198 49,183 37,815 5, 804 44,143 93,326 7,922 201.2 Mar Est. 25,717 23,198 49,183 37,830 5, 805 44,159 93,341 7,946 201.2 2014 I* 5,935 5,890 11,888 9,300 1, 350 10,780 22,668 1,975 50.9 II* 6,280 5,530 11,874 9,775 1, 400 11,315 23,189 2,005 52.7 III* 6,265 5,655 11,982 9,900 1, 450 11,490 23,472 2,015 50.8 IV* 6,060 6,285 12,408 9,725 1, 500 11,355 23,763 2,065 51.3 Annual Feb Proj. 24,350 23,420 48,022 38,875 5, 850 45,265 93,287 8,060 205.7 Mar Proj. 24,540 23,360 48,152 38,700 5, 700 44,940 93,092 8,060 205.7 * Projection. 1/ Commercial production for red meats; federa lly inspected for poultry meats. 2/ Beef, pork, veal and lamb & mutton. 3/ Broile rs, turkeys and mature chicken. 4/ Milk production forecasts reflect change s in available data published by the National Agricultural Stati stics Service in its monthly Milk Production report beginning April 2013. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/Barrows and gilts 3/Broilers 4/Turkeys 5/Eggs 6/Milk 7/ Dol./cw t Dol./cw t Cents/lb. Cents/lb. Cents/doz. Dol./cw t 2012 Annual 122.86 60.88 86.6 105.6 117.4 18.53 2013 I 125.52 59.03 103.5 96.0 126.9 19.50 II 124.95 65.46 108.6 97.7 109.9 19.57 III 122.30 70.59 93.9 99.9 119.0 19.53 IV 130.77 61.11 92.8 105.4 143.0 21.43 Annual Feb Est. 125.89 64.05 99.7 99.8 124.7 20.01 Mar Est. 125.89 64.05 99.7 99.8 124.7 20.01 2014 I* 144-147 63-64 96-97 99-102 136-139 24.15-24.35 II* 139-147 68-72 96-100 98-102 112-118 22.20-22.70 III* 135-147 67-73 95-103 100-108 106-114 20.00-20.80 IV* 134-146 62-68 93-101 104-112 123-133 19.20-20.20 Annual Feb Proj. 132-140 61-65 94-101 100-106 114-122 20.85-21.55 Mar Proj. 138-146 65-69 95-100 100-106 119-126 21.40-22.00 *Projection. 1/ Simple average of months. 2/ 5-Area, Direct, To tal all grades 3/ National Base, Live equiv 51-52% lean. 4/ Whol esale, National Composite Weighted Average. 5/ 8-16 lbs, hens Nationa l. 6/ Grade A large, New York, volume buyer s. 7/ Prices received by farmers for all milk. March 2014 WASDE - 527 - 32 U.S. Meats Supply and Use Item Beginning stocksProduction 1/ ImportsTotal Supply ExportsEnding StocksTotal UsePer Capita 2/ 3/ Million Pounds /4 Beef 2012 600 25,996 2,220 28,816 2,453 608 25,755 57.4 2013 Est. Feb 608 25,800 2,250 28,658 2,583 582 25,493 56.4 Mar 608 25,800 2,250 28,658 2,583 584 25,492 56.4 2014 Proj. Feb 582 24,433 2,285 27,300 2,335 525 24,440 53.7 Mar 584 24,623 2,285 27,492 2,435 525 24,532 53.9 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2012 542 23,270 802 24,613 5,381 625 18,608 45.9 2013 Est. Feb 625 23,215 879 24,719 4,992 620 19,107 46.8 Mar 625 23,215 879 24,719 4,992 618 19,109 46.8 2014 Proj. Feb 620 23,437 880 24,937 5,140 620 19,177 46.7 Mar 618 23,377 890 24,885 5,085 620 19,180 46.7 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2012 1,162 49,553 3,175 53,890 7,844 1,260 44,786 104.5 2013 Est. Feb 1,259 49,296 3,302 53,857 7,582 1,231 45,044 104.4 Mar 1,260 49,296 3,302 53,858 7,582 1,230 45,046 104.4 2014 Proj. Feb 1,231 48,135 3,333 52,699 7,484 1,173 44,042 101.5 Mar 1,230 48,265 3,343 52,838 7,529 1,173 44,136 101.7 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2012 590 36,643 111 37,345 7,274 651 29,420 80.4 2013 Est. Feb 651 37,410 122 38,183 7,364 644 30,175 81.9 Mar 651 37,425 122 38,199 7,364 669 30,166 81.9 2014 Proj. Feb 644 38,459 112 39,215 7,500 650 31,065 83.7 Mar 669 38,286 112 39,067 7,550 650 30,867 83.2 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2012 211 5,889 24 6,123 798 296 5,029 16.0 2013 Est. Feb 296 5,728 22 6,046 758 238 5,050 16.0 Mar 296 5,729 22 6,047 758 237 5,052 16.0 2014 Proj. Feb 238 5,850 20 6,108 780 245 5,083 15.9 Mar 237 5,700 20 5,957 760 245 4,952 15.5 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2012 803 43,049 137 43,989 8,162 949 34,879 97.8 2013 Est. Feb 948 43,662 146 44,755 8,230 888 35,638 99.1 Mar 949 43,677 146 44,771 8,230 912 35,630 99.1 2014 Proj. Feb 888 44,848 134 45,870 8,390 898 36,582 101.0 Mar 912 44,525 134 45,571 8,420 899 36,252 100.1 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2012 1,965 92,602 3,312 97,879 16,006 2,208 79,665 202.3 2013 Est. Feb 2,207 92,958 3,448 98,613 15,812 2,119 80,682 203.6 Mar 2,208 92,973 3,448 98,629 15,812 2,142 80,676 203.6 2014 Proj. Feb 2,119 92,984 3,467 98,570 15,874 2,071 80,625 202.5 Mar 2,142 92,791 3,477 98,409 15,949 2,072 80,388 201.8 1/ Total including farm production for red meats and, for pou ltry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis. 3/ Population sour ce: Dept. of Commerce, Census Bureau. 4/ Carcass weight for red meats and certified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. March 2014 WASDE - 527 - 33 U.S. Egg Supply and Use Commodity 2011 2012 2013 Est. 2013 Est. 2014 Proj. 2014 Proj. Feb Mar Feb Mar Eggs Million Dozen Supply Beginning Stocks 19.3 27.7 20.8 20.8 23.0 23.0 Production 7,660.8 7,786.3 7,922.2 7 ,945.6 8,060.0 8,060.0 Imports 20.9 18.4 16.9 16.9 18.0 18.0 Total Supply 7,700.9 7,832.4 7,959.9 7 ,983.3 8,101.0 8,101.0 Use Exports 276.3 301.7 371.5 371.6 322.0 322.0 Hatching Use 951.8 936.6 954.0 954.0 985.0 985.0 Ending Stocks 27.7 20.8 23.0 23.0 22.0 24.0 Disappearance Total 6,445.1 6,573.3 6,611.4 6 ,634.7 6,772.0 6,770.0 Per Capita (number) 247.9 251.0 250.6 251.5 254.9 254.8 Total U.S. Milk Supply and Use Commodity 2011 2012 2013 Est. 2013 Est. 2014 Proj. 2014 Proj. Feb Mar Feb Mar Milk Billion Pounds Production 1/ 196.2 200.5 201.2 201.2 205.7 205.7 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 10.8 10.9 12.2 12.2 11.1 11.2 Marketings 195.2 199.6 200.2 200.3 204.7 204.7 Imports 3.5 4.1 3.7 3.7 3.7 3.7 Total Cml. Supply 209.5 214.5 216.2 216.2 219.5 219.6 Fat Basis Use Commercial Exports 9.4 8.8 12.4 12.4 11.5 12.4 Ending Commercial Stks 10.9 12.2 11.1 11.2 11.9 11.1 CCC Net Removals 2/ 0.0 0.0 0.0 0.0 0.0 0.0 Commercial Use 3/ 189.2 193.5 192.6 192.6 196.2 196.1 Skim-solid Basis Supply Beg. Commercial Stocks 12.2 11.8 12.4 12.4 11.6 11.6 Marketings 195.2 199.6 200.2 200.3 204.7 204.7 Imports 5.3 5.7 5.3 5.3 5.2 5.3 Total Cml. Supply 212.6 217.1 217.9 217.9 221.5 221.7 Skim-solid Basis Use Commercial Exports 32.5 33.3 38.6 38.6 38.2 38.2 Ending Commercial Stks 11.8 12.4 11.6 11.6 12.0 11.9 CCC Net Removals 2/ 0.0 0.0 0.0 0.0 0.0 0.0 Commercial Use 3/ 168.3 171.4 167.7 167.7 171.3 171.6 Filler Million Pounds CCC product net removals 2/ Butter 000000 Cheese 000000 Nonfat Dry Milk 000000 Dry Whole Milk 000000 Total Note: Totals may not add due to rounding. 1/ Milk production forecasts reflect changes in available data published by the National Agricultural Statistics Service in its monthly M ilk Production report beginning April 2013. 2/ Includes products exported under the Dairy Export Incentive Program. 3/ Domestic commercial use only. March 2014 WASDE - 527 - 34 U.S. Dairy Prices Commodity 2011 2012 2013 Est. 2013 Est. 2014 Proj. 2014 Proj. Feb Mar Feb Mar Product Prices 1/ Dollars Pe r Pound Cheese 1.8246 1.7076 1.7683 1.7683 1.815- 1.8851.860- 1.920 Butter 1.9498 1.5943 1.5451 1.5451 1.550- 1.6501.605- 1.695 Nonfat Dry Milk 1.5058 1.3279 1.7066 1.7066 1.785- 1.8451.825- 1.875 Dry Whey 0.5325 0.5935 0.5902 0.5902 0.560- 0.5900.580- 0.610 Filler Dollars Pe r Cwt Milk Prices 2/ Class III 18.37 17.44 17.99 17.99 18.35- 19.0518.95- 19.55 Class IV 19.04 16.01 19.05 19.05 19.80- 20.6020.35- 21.05 All Milk 3/ 20.14 18.53 20.01 20.01 20.85- 21.5521.40- 22.00 1/ Simple average of monthly prices calculated by AMS from w eekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deduc tions from producers as authorized by legislation. March 2014 WASDE - 527 - 35 Note: Tables on pages 35-37 present a record of the March proj ection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that ch ances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0.6 percent. Chances are 9 out of 10 (90% confidence level) that the differe nce will not exceed 1.0 percent. The average difference between the March projection and the final estimate is 2.5 million tons, ranging from 0.0 million to 8. 0 million tons. The March projection has been below t he estimate 23 times and above 9 times. Reliability of March Projections 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final WHEAT Percent Million Metric Tons Production Worl d 0.6 1.0 2.5 0.0 8.0 23 9 U.S. 0.1 0.2 0.0 0.0 0.3 12 9 Forei gn 0.7 1.2 2.5 0.1 8.0 23 9 Exports Worl d 4.5 7.6 4.3 0.0 17.0 27 5 U.S. 3.2 5.4 0.8 0.1 2.4 18 14 Forei gn 5.5 9.3 4.1 0.2 16.0 25 7 Domestic Use Worl d 1.0 1.7 4.5 0.2 12.2 14 18 U.S. 3.9 6.6 0.9 0.0 2.4 14 18 Forei gn 1.0 1.7 4.2 0.1 11.5 18 14 Ending Stocks Worl d 4.3 7.2 5.1 0.2 14.1 21 11 U.S. 8.6 14.6 1.1 0.0 4.5 17 15 Forei gn 4.6 7.9 4.4 0.0 13.5 20 11 COARSE GRAINS 2/ Production Worl d 1.1 1.8 8.3 0.5 21.7 27 5 U.S. 0.2 0.3 0.1 0.0 1.3 12 7 Forei gn 1.5 2.6 8.3 0.5 21.7 27 5 Exports Worl d 4.6 7.8 4.0 0.0 17.6 22 10 U.S. 7.9 13.4 3.1 0.0 9.1 13 19 Forei gn 8.0 13.6 3.8 0.1 21.5 21 11 Domestic Use Worl d 1.0 1.7 6.5 0.2 24.2 17 15 U.S. 3.1 5.3 4.2 0.2 17.3 12 20 Forei gn 1.1 1.8 5.7 0.4 17.5 21 11 Ending Stocks Worl d 8.9 15.1 10.6 0.6 28.2 27 5 U.S. 14.1 23.9 4.9 0.1 15.3 20 12 Forei gn 11.0 18.8 7.5 0.5 27.0 28 4 RICE, milled Production Worl d 1.4 2.4 3.5 0.2 13.8 23 9 U.S. 1.4 2.4 0.1 0.0 0.2 11 6 Forei gn 1.4 2.4 3.5 0.1 13.8 23 9 Exports Worl d 8.6 14.5 1.4 0.1 5.3 26 6 U.S. 7.0 11.9 0.2 0.0 0.5 16 13 Forei gn 9.6 16.3 1.4 0.1 4.9 25 7 Domestic Use Worl d 1.1 1.9 2.9 0.2 9.8 22 10 U.S. 7.2 12.2 0.2 0.0 0.4 12 19 Forei gn 1.1 1.9 2.9 0.2 10.0 22 10 Ending Stocks Worl d 7.9 13.3 3.4 0.5 14.9 22 10 U.S. 20.0 33.9 0.2 0.0 0.4 17 14 Forei gn 8.2 13.9 3.4 0.3 14.5 22 10 1/ Footnotes at end of table. CONTINUED March 2014 WASDE - 527 - 36 Reliability of March Projections (Continued) Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final SOYBEANS Percent Million Metric Tons Production World 2.3 4.0 3.2 0.1 12.4 18 14 U.S. 1.4 2.3 0.6 0.0 2.5 14 11 Foreign 3.9 6.6 3.0 0.1 12.6 18 14 Exports World 5.7 9.8 2.2 0.0 11.5 20 11 U.S. 6.3 10.7 1.3 0.1 3.7 22 10 Foreign 15.6 26.5 2.1 0.1 9.5 14 18 Domestic Use World 2.1 3.6 2.6 0.0 11.4 17 15 U.S. 3.0 5.1 1.1 0.0 3.0 21 10 Foreign 2.5 4.3 2.2 0.1 12.8 15 17 Ending Stocks World 13.7 23.3 3.2 0.1 13.9 17 15 U.S. 28.9 49.1 1.7 0.1 5.4 9 23 Foreign 14.7 24.9 2.5 0.1 9.7 22 10 COTTON Million 480-Pound Bales Production World 1.7 2.9 1.2 0.0 5.2 20 10 U.S. 0.9 1.6 0.1 0.0 0.3 12 19 Foreign 2.1 3.6 1.2 0.0 5.3 20 11 Exports World 5.2 8.8 1.2 0.0 6.5 16 15 U.S. 6.6 11.3 0.5 0.0 1.4 14 17 Foreign 6.7 11.3 1.0 0.0 5.8 19 13 Domestic Use World 2.1 3.6 1.4 0.0 6.0 16 16 U.S. 3.8 6.5 0.2 0.0 0.7 19 11 Foreign 3.5 6.0 1.7 0.1 10.0 17 15 Ending Stocks World 9.0 15.2 2.9 0.2 8.5 20 12 U.S. 13.4 22.7 0.5 0.0 1.6 11 21 Foreign 9.9 16.7 2.8 0.0 7.9 22 10 1/ Marketing years 1981/82 through 2012/13 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the ma rketing year for 1981/82 through 2012/13. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. March 2014 WASDE - 527 - 37 Reliability of United Stat es March Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final CORN Percent Million Bushels Production 0 . 2 0 . 320 3 812 Exports 8.1 13.7 109 13 284 12 20 Domestic Use 3.1 5.2 149 9 474 13 19 Ending Stocks 15.9 26.9 192 3 713 21 11 SORGHUM Production 0 . 2 0 . 300402 Exports 13.4 22.7 24 0 90 19 11 Domestic Use 10.5 17.7 30 1 178 14 18 Ending Stocks 41.0 69.6 26 1 148 13 19 BARLEY Production 0.5 0.9 1 0 11 12 4 Exports 14.6 24.8 6 0 20 10 19 Domestic Use 5 . 8 9 . 91 5 07 01 31 7 Ending Stocks 13.1 22.2 14 1 53 21 11 OATS Production 0 . 2 0 . 400243 Exports 3 7 . 2 6 3 . 210356 Domestic Use 4 . 3 7 . 31 1 13 61 41 8 Ending Stocks 14.1 23.9 12 1 47 18 14 SOYBEAN MEAL Thousand Short Tons Production 2.9 4.9 834 79 2,328 24 8 Exports 9.1 15.4 561 50 2,150 26 6 Domestic Use 2.4 4.2 538 41 2,066 22 10 Ending Stocks 36.7 62.4 64 0 214 14 16 SOYBEAN OIL Million Pounds Production 2.9 4.9 385 7 1,173 24 8 Exports 19.1 32.5 245 0 750 19 12 Domestic Use 2.4 4.0 272 9 760 20 12 Ending Stocks 17.0 28.9 245 17 721 20 12 ANIMAL PROD. 3/ Million Pounds Beef 2.7 4.6 564 103 1,613 22 9 Pork 3.0 5.1 336 5 1,667 21 10 Broilers 1.6 2.7 348 16 961 18 13 Turkeys 2.7 4.6 114 3 371 17 14 Million Dozen Eggs 1.3 2.2 69 3 169 19 12 Billion Pounds Milk 1.4 2.4 1.7 0.1 5.2 19 12 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2012/13 for grains, soybeans, and cotton. Final for grains , soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2012/13. Calendar years 1983 through 2012 for meats, eggs, and milk. Final for animal products is defined as latest annual production estimate published by NASS for 1983-2012. WASDE-527-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at http://www.fas.usda.gov/psd/online . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric-Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 UNITED STATES DEPARTMENT OF AGRICULTURE WORLD AGRICULTURAL OUTLOOK BOARD WASHINGTON, D.C. 20250-3812 ___________________ OFFICIAL BUSINESS Penalty for Private Use, $300 FIRST-CLASS MAIL POSTAGE & FEES PAID USDA PERMIT NO. G-289 World Agricultural Supply and Demand Estimates WASDE-527 – March 10, 2014 Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e-mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu . Select the “Reports by E-Mail” bar to sign up. Print Subscriptions: For print subscriptions, call the National Technical Information Service (NTIS) at 1-800- 999-6779 or 703-605-6220. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250-9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 611 Approved by the World Agricultural Outlook Board April 9, 2021 NOTE: See announcement on page 39 about upcoming changes to WASDE. WHEAT : This month’s supply and demand outlook for 2020/21 U.S. wheat is for lower supplies, reduced domestic use, unchanged exports, and higher ending stocks. Supplies are lowered with a reduction in projected imports by 10 million bushels to 110 million on a lower than expected import pace with decreases in Durum and Hard Red Spring. Domestic consumption is reduced primarily on less implied feed and residual use as well as a small reduction in seed use. The NASS Grain Stocks report, issued March 31, indicated less feed and residual disappearance for both the second and third quarters. As a result, annual 2020/21 feed and residual use is lowered 25 million bushels to 100 million. Exports are unchanged this month, but there are offsetting by -class cha nges for White and Hard Red Winter exports. Projected 2020/21 ending stocks are raised to 852 million bushels but are still 17 percent below last year. The season -average farm price is unchanged at $5.00 per bushel. The 2020/21 global wheat outlook is for slightly smaller supplies, increased consumption, higher exports, and reduced stocks this month. Supplies are lowered 0.5 million tons to 1,076.5 million but 2020/21 production remains at a record 776.5 million. World 2020/21 consumption is increased 5.1 million tons to 781.0 million, mainly on higher feed and residual use for China. Auction sales of China’s old- crop wheat stocks continue to be large and domestic corn prices in China remain at a premium to wheat. This is expected to further increase China’s 2020/21 wheat feed and residual use, raised 5.0 million tons to a record 40.0 million. Projected 2020/21 global trade is raised 1.2 million tons to a record 198.9 million, mostly on higher exports by Russia and the EU -27+UK. Russia’s exports are raised 0.5 million to 39.5 million despite the recent imposition of an export tax. Russia’s monthly exports continue to be large and its prices remain competitive internationally. EU -27+UK exports are increased 0.5 million tons to 27.5 million on a stro nger than expected pace. Projected 2020/21 world ending stocks are lowered 5.7 million tons to 295.5 million with China accounting for most of the reduction. Stocks in China in 2020/21 are projected to decline for the first time in eight years (or since 2012/13). COARSE GRAINS: This month’s 2020/21 U.S. corn outlook is for greater feed and residual use, increased corn used for ethanol production, larger exports, and lower ending stocks. Feed and residual use is raised 50 million bushels to 5.7 billion based on corn stocks reported as of March 1, which indicated disappearance during the December - February quarter rose about 6 percent relative to a year ago. Corn used to produce ethanol is raised 25 million bushels based on the most recent data from the Grain WASDE-611-2 Crushings and Co -Products Production report, and the pace of weekly ethanol production during March as indicated by Energy Information Administration data. Exports are increased 75 million bushels, based on export inspection data for the month of M arch that was the largest monthly total on record, surpassing the previous high set in November of 1989. The season -average farm price is unchanged at $4.30 per bushel, as reported prices through February indicate much of the crop was marketed at lower pr ices. Global coarse grain production for 2020/21 is forecast 1.2 million tons higher to 1,446.0 million. This month’s 2020/21 foreign coarse grain outlook is for higher production, reduced trade, and larger stocks relative to last month. Corn production is raised for Pakistan, the EU -27+UK, and Ecuador, with partly offsetting reductions for Argentina and Indonesia. Barley production is higher for Argentina and the EU -27+UK, but lowered for Mexico. Major global trade changes include lower forecast corn exports for Ukraine, based on shipment data to date. Corn imports are raised for Bangladesh. Barley exports are raised for Canada, Argentina, and the EU -27+UK, with partly offsetting reductions for Iraq and Kazakhstan. Barl ey imports are sharply higher for China, with a partly offsetting reduction for Morocco. Foreign corn ending stocks are essentially unchanged from last month, mostly reflecting increases for South Korea and Pakistan that are offset by a reduction for Saudi Arabia. RICE : The outlook for 2020/21 U.S. rice this month is for slightly lower supplies, reduced domestic use and exports, and higher ending stocks. Supplies are lowered, entirely on reduced imports with all the decrease for long- grain on a lower than expected pace. Domestic and residual use is lowered (all for long -grain) by 2.0 million cwt to 158.0 million on the NASS Rice Stocks report, issued March 31 and usage expectations for the remainder of the marketing year. Exports are reduced by 2.0 million cwt to 91.0 m illion, all for long -grain on a lower than expected pace of sales and shipments. Projected 2020/21 all rice ending stocks are raised by 3.5 million cwt to 42.9 million, up 49 percent from last year. The projected 2020/21 all rice season -average farm pric e is raised $0.10 per cwt to $13.70 with increases in both long -grain and medium - and short -grain on NASS prices reported to date and price expectations for the remainder of the marketing year. The 2020/21 global outlook is for slightly lower supplies, consumption, trade, and ending stocks. Rice supplies are reduced 0.5 million tons to 682.0 million, primarily on lower rice production for Burma, Taiwan, and Indonesia not being completely offset by increased production for the Philippines and Thailand. World 2020/21 consumption is lowered 0.4 million tons to a still record 504.3 million, mainly on reductions for the United Arab Emirates, Saudi Arabia, and Burma. World trade is reduced by 0.3 million to 46.0 million tons, mostly on Burma as the recent c oup is expected to disrupt its exports. Projected 2020/21 world ending stocks are lowered 0.1 million tons to 177.7 million. OILSEEDS: U.S. soybean supply and use changes for 2020/21 include higher exports, lower crush, residual use, and seed use. Soybean exports are raised mainly reflecting record exports through the first half of the marketing year. Soybean crush is reduced this WASDE-611-3 month on a lower domestic soybean meal disappearance forecast and a higher projected extraction rate. Seed use is reduced in line with plantings for the 2021/22 crop indicated in the March 31 Prospective Plantings report. Residual use is reduced based on indications in the March 31 Grain Stocks report. Soybean ending stocks are projected at 120 million bushels, unchanged from the previous forecast. The season -average soybean price is forecast at $11.25 per bushel, up 10 cents. The soybean oil price is projected at 45.0 cents per pound, up 4 cents reflecting sharply higher prices in March. Higher soybean oil prices are expected to continue in coming months as additional renewable fuel capacity comes online. Soybean meal prices are unchanged at $400 per short ton. The 2020/21 global oilseed outlook includes higher production, exports, and stocks compared to last month. Global production is raised 2.2 million tons to 598.0 million, with higher soybean, rapeseed, and peanut output partly offset by lower palm kernel, sunflowerseed, and cottonseed. Global soybean production is raised 1.4 million tons to 363.2 million, mai nly reflecting a 2-million -ton increase to 136 million for Brazil. Favorable crop conditions in Brazil’s southern state of Rio Grande do Sul and updated harvest results from national and state agencies support higher yields. Partly offsetting is reduced soybean production for the EU-27+UK and Paraguay. Rapeseed and peanut production are increased for India on higher area estimates. Palm oil production is reduced for Malaysia on lower -than- expected output during January and February. Global soybean crush is forecast lower mainly on lower crush for China, which is reduced 2 million tons to 96 million on the recent slow crushing pace. Global soybean exports are increased 1.2 million tons to 170.9 million. Brazil, Russia, and U.S. exports are revised higher while Paraguay and Ukraine shipments are lowered. Global soybean ending stocks are raised 3.1 million tons to 86.9 million, largely on higher stocks for China and Brazil. SUGAR : U.S. sugar supply and use for 2020/21 is unchanged from last month, with small offsetting changes within the balance sheet . An increase in projected imports is offset by a reduction in production, and there are no changes in use. High-tier imports are projected to increase 30,000 STRV to 200,000 on the strong pace set in the first half of the fiscal year and on oversubscribed imports of organic sugar beyond the remaining tranche that adds to sugar already being stored in bonded warehouses. The USDA has been unable to receive confirmation of media reports of decreased export potential in certain raw sugar TRQ countries that would imply an increase in the raw sugar TRQ shortfall. Cane sugar production in Florida is reduced 30,000 STRV to 2.170 million based on recent processors’ reports which indicate lower sucrose recovery and lower area harvested. Ending stocks remain at 1.848 million STRV for an unchanged stocks -to-use ratio of 15.1 percent. There are no changes to the Mexico supply and use for 2020/21. LIVESTOCK, POULTRY, AND DAIRY : The 2021 forecast for total red meat and poultry production is reduced from last month on lower expected pork and turkey production. WASDE-611-4 The beef production forecast is raised from the previous month primarily on higher cattle slaughter in the second half of year, but production gains are partially offset by lighter carcass weights. Pork production is lowered on a slower pace of slaughter through the remainder of the year, but this decline is partially offset by heavier hog weights. USDA’s March Quarterly Ho gs and Pigs report estimated that the December 2020 -February 2021 pig crop was about one percent below year -earlier and producers indicated intentions to farrow about 3 percent fewer sows during March -May. These hogs will be available for slaughter in the second half of 2021. Annual broiler production is unchanged from the previous month while the turkey production forecast is reduced on recent production and hatchery data. The 2021 egg production forecast is reduced from the previous month. For 2021, the beef import forecast is reduced largely on weakness in imports from Australia while exports are unchanged. The pork export forecast is raised on expectation of continued firm global demand for U.S. pork products. The pork import forecast is also raised. The turkey export forecast is raised on recent trade data. No change is made to the broiler export forecast. The 2021 cattle price forecast is raised on current price strength and firm demand. The hog price forecast is raised from last month on recent price strength and lowered supply expectations. The broiler price forecast is reduced, reflecting a lower first -quarter price and weaker demand while the turkey price forecast is raised slightly on lowered production. The egg price forecast is low ered on recent price declines. Dairy production for 2021 is raised from last month, primarily on increased cow numbers. The 2021 fat basis import forecast is reduced while fat basis exports are raised on higher shipments of cheese. On a skim -solids bas is, the import forecast is reduced on lower imports of milk proteins and several other dairy products while the export forecast is raised on strong gains in shipments of skim milk powders and whey. However, lactose shipments remain relatively weak. Product price forecasts are raised on improving demand, both domestically and in international markets. Prices of cheese, butter, nonfat dry milk, and whey are raised, boosting both Class III and Class IV prices. The 2021 all milk price forecast is raised t o $18.40 per cwt. COTTON : The 2020/21 U.S. cotton supply and demand forecasts show higher exports and lower ending stocks relative to last month. Production and domestic mill use are unchanged. The export forecast is raised 250,000 bales, to 15.75 mi llion, based on the pace of recent sales and shipments. Ending stocks are now forecast at 3.9 million bales, equivalent to 22 percent of total disappearance. The marketing year price received by upland cotton producers is projected to average 68 cents pe r pound, a reduction of 1 cent from last month. With lower global 2020/21 beginning stocks this month —combined with slightly lower production and higher consumption —ending stocks are 1.1 million bales lower, while projected trade is more than 900,000 bales higher. Largely driven by revised consumption in Vietnam for the previous year, 2020/21 beginning stocks are estimated WASDE-611-5 427,000 bales lower than in March. Projected production is 276,000 bales lower than a month earlier, led by declines in Australia and Turkmenistan, and rising domestic textile demand in China accounts for much of the 387,000- bale increase in projected 2020/21 world cotton consumption. World trade is raised 935,000 bales to its highest projected level in eight years, with China’s projected imports up 750,000 bales from last month, and Bangladesh’s up 200,000 bales. Higher exports are now expected from Brazil, the United States, and Egypt. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Mark Jekanowski, (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: SETH MEYER SECR ETARY OF AGRICULTURE DESIGNATE WASDE-611-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone, ICEC Chair, WAOB, mark [email protected] Jennifer Bond, ERS; Graham Soley, FAS; Pete Riley, FPAC. Rice: Mark Simone, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS; Vidalina Abadam, FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Michael McConnell, ERS; Yoonhee Macke, FAS; Sharon Raszap, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Mark Ash, ERS; Bill George, FAS; Gustavo Ferreira, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; James Johnson, FAS; Kent Lanclos, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Andrew Sowell, ERS; Souleymane Diaby , FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Jacob Vuillemin, FAS; Georgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Kim Ha, ERS; Claire Mezoughem, FAS; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Georgi Gabrielyan, FPAC. In 2021, the WASDE report will be released on May 12, Jun 10, Jul 12, Aug 12, Sep 10, Oct 12, Nov 9, and Dec 9. WASDE-611-7 T A B L E OF C O N T E N T S Page Highlights ................................................................................................................. 1 Interagency Commodity Estimates Committees ...................................................... 6 World & U.S. Supply & Use for Grains .................................................................... 8 World & U.S. Supply & Use for Cotton .................................................................... 9 World & U.S. Supply & Use for Oilseeds ............................................................... 10 U.S. Wheat Supply & Use ...................................................................................... 11 U.S. Wheat Supply & Use by Class ....................................................................... 11 U.S. Feed Grain & Corn Supply & Use .................................................................. 12 U.S. Sorghum, Barley & Oats Supply & Use ......................................................... 13 U.S. Rice Supply & Use ......................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................. 15 U.S. Sugar Supply & Use ...................................................................................... 16 Mexico Sugar Supply and Use .............................................................................. 16 U.S. Cotton Supply & Use ..................................................................................... 17 World Wheat Supply & Use ................................................................................... 18 World Coarse Grains Supply & Use ...................................................................... 20 World Corn Supply & Use ...................................................................................... 22 World Rice Supply & Use ...................................................................................... 24 World Cotton Supply & Use ................................................................................... 26 World Soybean Supply & Use ............................................................................... 28 World Soybean Meal Supply & Use ....................................................................... 29 World Soybean Oil Supply & Use .......................................................................... 30 U.S. Quarterly Animal Product Production ............................................................ 31 U.S. Quarterly Prices for Animal Products ............................................................. 31 U.S. Meats Supply and Use ................................................................................... 32 U.S. Egg Supply & Use .......................................................................................... 33 U.S. Mi lk Supply and Use ...................................................................................... 33 U.S. Dairy Prices ................................................................................................... 34 Reliability Tables ................................................................................................... 35 Related USDA Reports .......................................................................................... 38 Metric Conversion Factors ..................................................................................... 38 Electronic Access and Subscriptions ...................................................................... 40 April 2021 WASDE - 611 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2018/19 2627.49 3450.91 430.35 2640.85 810.06 2019/20 (Est.) 2673.29 3483.35 443.14 2671.83 811.52 filler filler filler filler filler 2020/21 (Proj.) Mar 2726.02 3536.22 474.02 2739.12 797.10 2020/21 (Proj.) Apr 2726.65 3538.18 476.06 2749.25 788.93 filler filler filler filler filler Wheat 2018/19 731.00 1018.18 173.67 734.81 283.37 2019/20 (Est.) 763.86 1047.23 191.52 747.18 300.04 filler filler filler filler filler 2020/21 (Proj.) Mar 776.78 1077.07 197.69 775.89 301.19 2020/21 (Proj.) Apr 776.49 1076.54 198.91 781.01 295.52 filler filler filler filler filler Coarse Grains 5/ 2018/19 1399.15 1771.66 212.78 1421.46 350.20 2019/20 (Est.) 1411.74 1761.94 208.61 1428.34 333.60 filler filler filler filler filler 2020/21 (Proj.) Mar 1444.83 1776.62 230.09 1458.54 318.08 2020/21 (Proj.) Apr 1445.99 1779.59 231.17 1463.93 315.66 filler filler filler filler filler Rice, milled 2018/19 497.34 661.08 43.90 484.59 176.49 2019/20 (Est.) 497.69 674.18 43.00 496.30 177.88 filler filler filler filler filler 2020/21 (Proj.) Mar 504.41 682.53 46.25 504.69 177.83 2020/21 (Proj.) Apr 504.17 682.05 45.98 504.31 177.74 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2018/19 436.32 532.30 83.45 357.57 91.28 2019/20 (Est.) 417.89 516.32 79.77 355.83 80.73 filler filler filler filler filler 2020/21 (Proj.) Mar 431.48 519.28 103.55 350.61 65.12 2020/21 (Proj.) Apr 431.48 518.99 105.43 351.71 61.85 filler filler filler filler filler Wheat 2018/19 51.31 84.88 25.50 29.99 29.39 2019/20 (Est.) 52.58 84.83 26.28 30.56 27.99 filler filler filler filler filler 2020/21 (Proj.) Mar 49.69 80.94 26.81 31.38 22.76 2020/21 (Proj.) Apr 49.69 80.67 26.81 30.69 23.18 filler filler filler filler filler Coarse Grains 5/ 2018/19 377.91 438.46 54.97 323.02 60.47 2019/20 (Est.) 359.43 423.01 50.51 320.68 51.83 filler filler filler filler filler 2020/21 (Proj.) Mar 374.57 429.05 73.79 314.15 41.11 2020/21 (Proj.) Apr 374.57 429.05 75.74 316.00 37.31 filler filler filler filler filler Rice, milled 2018/19 7.11 8.96 2.97 4.57 1.42 2019/20 (Est.) 5.88 8.49 2.99 4.59 0.91 filler filler filler filler filler 2020/21 (Proj.) Mar 7.23 9.29 2.95 5.08 1.25 2020/21 (Proj.) Apr 7.23 9.27 2.89 5.02 1.36 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, co arse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). April 2021 WASDE - 611 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2018/19 2,191.17 2,918.62 346.91 2,283.28 718.78 2019/20 (Est.) 2,255.40 2,967.03 363.37 2,316.00 730.80 filler filler filler filler filler 2020/21 (Proj.) Mar 2,294.54 3,016.94 370.48 2,388.51 731.98 2020/21 (Proj.) Apr 2,295.17 3,019.19 370.63 2,397.54 727.08 filler filler filler filler filler Wheat 2018/19 679.69 933.30 148.17 704.82 253.99 2019/20 (Est.) 711.27 962.40 165.25 716.62 272.06 filler filler filler filler filler 2020/21 (Proj.) Mar 727.09 996.13 170.88 744.51 278.43 2020/21 (Proj.) Apr 726.80 995.87 172.11 750.33 272.35 filler filler filler filler filler Coarse Grains 5/ 2018/19 1,021.24 1,333.20 157.81 1,098.44 289.73 2019/20 (Est.) 1,052.31 1,338.93 158.11 1,107.66 281.77 filler filler filler filler filler 2020/21 (Proj.) Mar 1,070.27 1,347.57 156.30 1,144.39 276.97 2020/21 (Proj.) Apr 1,071.43 1,350.54 155.43 1,147.92 278.35 filler filler filler filler filler Rice, milled 2018/19 490.24 652.12 40.93 480.02 175.07 2019/20 (Est.) 491.82 665.70 40.01 491.72 176.97 filler filler filler filler filler 2020/21 (Proj.) Mar 497.19 673.24 43.30 499.61 176.58 2020/21 (Proj.) Apr 496.94 672.78 43.10 499.29 176.38 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grain s. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2018/19 118.56 199.66 41.65 120.46 79.95 2019/20 (Est.) 122.12 202.06 41.48 102.93 98.41 filler filler filler filler filler 2020/21 (Proj.) Mar 113.32 212.15 44.54 117.46 94.59 2020/21 (Proj.) Apr 113.04 211.45 45.48 117.85 93.46 filler filler filler filler filler United States 2018/19 18.37 22.57 14.84 2.98 4.85 2019/20 (Est.) 19.91 24.77 15.53 2.15 7.25 filler filler filler filler filler 2020/21 (Proj.) Mar 14.70 21.95 15.50 2.30 4.20 2020/21 (Proj.) Apr 14.70 21.95 15.75 2.30 3.90 filler filler filler filler filler Foreign 4/ 2018/19 100.20 177.09 26.81 117.49 75.10 2019/20 (Est.) 102.20 177.30 25.95 100.78 91.16 filler filler filler filler filler 2020/21 (Proj.) Mar 98.62 190.20 29.04 115.16 90.39 2020/21 (Proj.) Apr 98.34 189.50 29.73 115.55 89.56 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. April 2021 WASDE - 611 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2018/19 599.96 718.80 171.06 488.97 134.13 2019/20 (Est.) 578.68 712.81 190.19 507.81 112.22 filler filler filler filler filler 2020/21 (Proj.) Mar 595.84 707.54 194.69 514.20 96.40 2020/21 (Proj.) Apr 598.03 710.25 195.93 513.88 99.98 filler filler filler filler filler Oilmeals 2018/19 332.98 351.01 94.22 329.02 16.65 2019/20 (Est.) 346.04 362.69 94.16 342.08 14.66 filler filler filler filler filler 2020/21 (Proj.) Mar 353.77 368.65 93.40 350.83 12.56 2020/21 (Proj.) Apr 353.44 368.11 93.69 349.25 13.43 filler filler filler filler filler Vegetable Oils 2018/19 203.63 227.63 86.30 199.26 23.85 2019/20 (Est.) 207.54 231.39 86.25 202.72 24.98 filler filler filler filler filler 2020/21 (Proj.) Mar 209.38 233.84 87.07 207.80 22.18 2020/21 (Proj.) Apr 209.06 234.04 86.88 207.28 22.68 filler filler filler filler filler United States Output Tota l Supply Tra de Tota l Use 2/ Ending Stocks Oilseeds 2018/19 130.72 145.66 48.82 61.03 26.54 2019/20 (Est.) 106.98 134.74 47.04 63.04 15.96 filler filler filler filler filler 2020/21 (Proj.) Mar 122.42 140.11 62.35 64.32 4.79 2020/21 (Proj.) Apr 122.42 140.04 63.17 64.00 4.85 filler filler filler filler filler Oilmeals 2018/19 46.52 51.02 12.50 38.10 0.42 2019/20 (Est.) 48.76 53.31 13.05 39.87 0.39 filler filler filler filler filler 2020/21 (Proj.) Mar 49.67 54.09 13.19 40.50 0.41 2020/21 (Proj.) Apr 49.47 53.95 13.19 40.37 0.39 filler filler filler filler filler Vegetable Oils 2018/19 12.20 18.14 1.09 15.88 1.16 2019/20 (Est.) 12.64 18.72 1.51 16.01 1.21 filler filler filler filler filler 2020/21 (Proj.) Mar 13.07 19.11 1.39 16.54 1.17 2020/21 (Proj.) Apr 13.02 18.98 1.35 16.47 1.17 filler filler filler filler filler Foreign 3/ Output Tota l Supply Tra de Tota l Use 2/ Ending Stocks Oilseeds 2018/19 469.24 573.14 122.24 427.94 107.59 2019/20 (Est.) 471.70 578.07 143.14 444.77 96.27 filler filler filler filler filler 2020/21 (Proj.) Mar 473.42 567.43 132.34 449.88 91.62 2020/21 (Proj.) Apr 475.61 570.21 132.76 449.88 95.13 filler filler filler filler filler Oilmeals 2018/19 286.46 299.99 81.72 290.91 16.23 2019/20 (Est.) 297.28 309.38 81.11 302.20 14.28 filler filler filler filler filler 2020/21 (Proj.) Mar 304.10 314.55 80.21 310.34 12.15 2020/21 (Proj.) Apr 303.97 314.16 80.51 308.88 13.04 filler filler filler filler filler Vegetable Oils 2018/19 191.43 209.49 85.20 183.38 22.69 2019/20 (Est.) 194.90 212.67 84.75 186.71 23.77 filler filler filler filler filler 2020/21 (Proj.) Mar 196.31 214.73 85.68 191.26 21.00 2020/21 (Proj.) Apr 196.05 215.06 85.53 190.82 21.51 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. April 2021 WASDE - 611 - 11 U.S. Wheat Supply and Use 1/ 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Mar Apr Million Acres Area Planted 47.8 45.5 44.3 44.3 Area Harvested 39.6 37.4 36.7 36.7 Bushels Yield per Harvested Acre 47.6 51.7 49.7 49.7 Million Bushels Beginning Stocks 1,099 1,080 1,028 1,028 Production 1,885 1,932 1,826 1,826 Imports 135 105 120 110 Supply, Total 3,119 3,117 2,974 2,964 Food 954 962 965 965 Seed 59 60 63 63 Feed and Residual 88 101 125 100 Domestic, Total 1,102 1,123 1,153 1,128 Exports 937 965 985 985 Use, Total 2,039 2,089 2,138 2,113 Ending Stocks 1,080 1,028 836 852 Avg. Farm Price ($/bu) 2/ 5.16 4.58 5.00 5.00 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2019/20 (Est.) Beginning Stocks 516 263 158 88 55 1,080 Production 845 520 240 273 54 1,932 Supply, Total 3/ 1,363 836 402 367 150 3,117 Domestic Use 480 288 204 85 66 1,123 Exports 376 268 92 187 42 965 Use, Total 856 556 297 272 108 2,089 Ending Stocks, Total 506 280 105 95 42 1,028 2020/21 (Proj.) Beginning Stocks 506 280 105 95 42 1,028 Production 659 530 266 302 69 1,826 Supply, Total 3/ 1,168 862 378 405 151 2,964 Domestic Use 412 323 210 91 94 1,128 Exports 345 285 75 250 30 985 Use, Total 757 608 285 341 124 2,113 Ending Stocks, Total Apr 411 255 94 64 27 852 Ending Stocks, Total Mar 383 258 99 64 32 836 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. April 2021 WASDE - 611 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Mar Apr Million Acres Area Planted 99.9 100.6 102.3 102.3 Area Harvested 89.2 89.1 90.7 90.7 Metric Tons Yield per Harvested Acre 4.24 4.03 4.13 4.13 Million Metric Tons Beginning Stocks 57.9 60.5 51.8 51.8 Production 377.7 359.2 374.3 374.3 Imports 2.3 2.8 2.4 2.4 Supply, Total 437.9 422.4 428.5 428.5 Feed and Residual 142.9 154.3 147.2 148.4 Food, Seed & Industrial 179.6 165.9 166.4 167.0 Domestic, Total 322.5 320.1 313.6 315.4 Exports 55.0 50.5 73.8 75.7 Use, Total 377.5 370.6 387.4 391.2 Ending Stocks 60.5 51.8 41.1 37.3 CORN 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. Mar ch April Million Acres Area Planted 88.9 89.7 90.8 90.8 Area Harvested 81.3 81.3 82.5 82.5 Bushels Yield per Harvested Acre 176.4 167.5 172.0 172.0 Million Bushels Beginning Stocks 2,140 2,221 1,919 1,919 Production 14,340 13,620 14,182 14,182 Imports 28 42 25 25 Supply, Total 16,509 15,883 16,127 16,127 Feed and Residual 5,429 5,897 5,650 5,700 Food, Seed & Industrial 2/ 6,793 6,287 6,375 6,400 Ethanol & by -products 3/ 5,378 4,857 4,950 4,975 Domestic, Total 12,222 12,185 12,025 12,100 Exports 2,066 1,778 2,600 2,675 Use, Total 14,288 13,963 14,625 14,775 Ending Stocks 2,221 1,919 1,502 1,352 Avg. Farm Price ($/bu) 4/ 3.61 3.56 4.30 4.30 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data -products/feed-grains- database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. April 2021 WASDE - 611 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Mar Apr Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 5.7 5.3 5.9 5.9 Area Harvested (mil. acres) 5.1 4.7 5.1 5.1 Yield (bushels/acre) 72.1 73.0 73.2 73.2 Beginning Stocks 35 64 30 30 Production 365 341 373 373 Imports 0 0 0 0 Supply, Total 400 405 403 403 Feed and Residual 138 96 70 75 Food, Seed & Industrial 106 75 10 10 Total Domestic 244 171 80 85 Exports 93 204 295 295 Use, Total 336 375 375 380 Ending Stocks 64 30 28 23 Avg. Farm Price ($/bu) 2/ 3.26 3.34 5.00 5.05 Filler Filler Filler Filler Filler BARLEY 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. Mar ch April Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.5 2.8 2.6 2.6 Area Harvested (mil. acres) 2.0 2.2 2.1 2.1 Yield (bushels/acre) 77.5 77.7 77.5 77.5 Beginning Stocks 94 87 80 80 Production 154 172 165 165 Imports 6 7 7 7 Supply, Total 254 266 253 253 Feed and Residual 14 39 25 20 Food, Seed & Industrial 148 142 141 141 Total Domestic 162 180 166 161 Exports 5 6 10 12 Use, Total 167 186 176 173 Ending Stocks 87 80 77 80 Avg. Farm Price ($/bu) 2/ 4.62 4.69 4.70 4.70 Filler Filler Filler Filler Filler OATS 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. Mar ch April Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.7 2.8 3.0 3.0 Area Harvested (mil. acres) 0.9 0.8 1.0 1.0 Yield (bushels/acre) 64.9 64.3 65.1 65.1 Beginning Stocks 41 38 37 37 Production 56 53 65 65 Imports 86 92 92 92 Supply, Total 184 183 194 194 Feed and Residual 66 63 75 70 Food, Seed & Industrial 78 81 79 79 Total Domestic 144 144 154 149 Exports 2 2 2 2 Use, Total 146 146 156 151 Ending Stocks 38 37 38 43 Avg. Farm Price ($/bu) 2/ 2.66 2.82 2.70 2.75 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. April 2021 WASDE - 611 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Mar Apr Million Acres Area Planted 2.95 2.55 3.04 3.04 Area Harvested 2.91 2.48 2.99 2.99 Filler Pounds Yield per Harvested Acre 7,692 7,473 7,619 7,619 Million Hundredweight Beginning Stocks 2/ 29.4 44.9 28.7 28.7 Production 223.8 185.1 227.6 227.6 Imports 29.0 37.3 36.2 35.7 Supply, Total 282.2 267.3 292.4 291.9 Domestic & Residual 3/ 143.8 144.4 160.0 158.0 Exports, Total 4/ 93.6 94.2 93.0 91.0 Rough 33.3 31.2 35.0 34.0 Milled (rough equiv.) 60.3 62.9 58.0 57.0 Use, Total 237.3 238.6 253.0 249.0 Ending Stocks 44.9 28.7 39.4 42.9 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 12.60 13.60 13.60 13.70 Tota l LONG -GRAIN RICE 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. Mar ch April Harvested Acres (mil.) 2.18 1.73 2.30 2.30 Yield (pounds/acre) 7,517 7,261 7,422 7,422 Beginning Stocks 20.3 32.6 16.9 16.9 Production 163.6 125.6 170.9 170.9 Supply, Total 7/ 207.3 188.0 217.3 216.8 Domestic & Residual 3/ 108.5 106.4 125.0 123.0 Exports 8/ 66.2 64.6 65.0 63.0 Use, Total 174.7 171.1 190.0 186.0 Ending Stocks 32.6 16.9 27.3 30.8 Avg. Farm Price ($/cwt) 6/ 10.80 12.00 12.40 12.50 Filler Filler Filler Filler Filler MEDIUM & SHORT -GRAIN RICE 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. Mar ch April Harvested Acres (mil.) 0.73 0.75 0.69 0.69 Yield (pounds/acre) 8,209 7,964 8,282 8,282 Beginning Stocks 7.6 10.2 10.7 10.7 Production 60.3 59.5 56.7 56.7 Supply, Total 7/ 72.8 78.3 74.1 74.1 Domestic & Residual 3/ 35.3 38.0 35.0 35.0 Exports 8/ 27.3 29.6 28.0 28.0 Use, Total 62.6 67.6 63.0 63.0 Ending Stocks 10.2 10.7 11.1 11.1 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 18.50 18.20 17.00 17.30 California 10/ 21.10 21.60 19.00 19.30 Other States 1/ 12.30 11.60 12.80 12.90 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2015/16- 2.9; 2016/17 -3.5; 2017/18- 1.4. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by ty pe may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing- year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short -grain se ason-average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the preliminary California SAFP forecast and the final price has averaged $1.00 per cwt from 2014/15- 2018/19, with a high of $3.50 per cwt in 2017/18 and a low of -$0.20 per cwt in 2015/16. 10/ Marketing year beginning October 1. April 2021 WASDE - 611 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Mar Apr Filler Filler Filler Filler Filler Million Acres Area Planted 89.2 76.1 83.1 83.1 Area Harvested 87.6 74.9 82.3 82.3 Filler Bushels Yield per Harvested Acre 50.6 47.4 50.2 50.2 Million Bushels Beginning Stocks 438 909 525 525 Production 4,428 3,552 4,135 4,135 Imports 14 15 35 35 Supply, Total 4,880 4,476 4,695 4,695 Crushings 2,092 2,165 2,200 2,190 Exports 1,752 1,682 2,250 2,280 Seed 88 96 104 102 Residual 39 9 21 4 Use, Total 3,971 3,952 4,575 4,575 Ending Stocks 909 525 120 120 Avg. Farm Price ($/bu) 2/ 8.48 8.57 11.15 11.25 Tota l SOYBEAN OIL 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. Mar ch April Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,995 1,775 1,853 1,853 Production 4/ 24,197 24,911 25,630 25,515 Imports 397 319 350 350 Supply, Total 26,590 27,006 27,833 27,718 Domestic Disappearance 22,874 22,314 23,500 23,500 Biodiesel 3/ 7,863 7,858 8,300 7,900 Food, Feed & other Industrial 15,011 14,456 15,200 15,600 Exports 1,940 2,839 2,600 2,500 Use, Total 24,815 25,153 26,100 26,000 Ending stocks 1,775 1,853 1,733 1,718 Avg. Price (c/lb) 2/ 28.26 29.65 41.00 45.00 Tota l SOYBEAN MEAL 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. Mar ch April Filler 1 2 3 4 Thousand Short Tons Beginning Stocks 555 402 341 341 Production 4/ 48,814 51,100 51,959 51,759 Imports 683 639 600 600 Supply, Total 50,052 52,142 52,900 52,700 Domestic Disappearance 36,212 37,723 38,300 38,100 Exports 13,438 14,077 14,250 14,250 Use, Total 49,650 51,800 52,550 52,350 Ending Stocks 402 341 350 350 Avg. Price ($/s.t.) 2/ 308.28 299.50 400.00 400.00 Tota l Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only bio diesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,173 million bushels for 2019/20 and 2,190 million bushels for 2020/21. April 2021 WASDE - 611 - 16 U.S. Sugar Supply and Use 1/ 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Mar Apr Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 2,008 1,783 1,618 1,618 Production 2/ 8,999 8,149 9,374 9,344 Beet Sugar 4,939 4,351 5,093 5,093 Cane Sugar 4,060 3,798 4,281 4,251 Florida 2,005 2,106 2,200 2,170 Hawaii 0 0 0 0 Louisiana 1,907 1,566 1,949 1,949 Texas 147 126 132 132 Imports 3,070 4,235 3,122 3,152 TRQ 3/ 1,541 2,152 1,721 1,721 Other Program 4/ 438 432 300 300 Other 5/ 1,092 1,651 1,101 1,131 Mexico 1,000 1,376 931 931 Total Supply 14,077 14,166 14,113 14,113 Exports 35 61 35 35 Deliveries 12,231 12,414 12,230 12,230 Food 12,106 12,316 12,125 12,125 Other 6/ 126 98 105 105 Miscellaneous 28 74 0 0 Total Use 12,294 12,549 12,265 12,265 Ending Stocks 1,783 1,618 1,848 1,848 Stocks to Use Ratio 14.5 12.9 15.1 15.1 Tota l 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2019/20 and 2020/21 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2019/20, WTO raw sugar TRQ shortfall (80) and for 2020/21 (99). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Imports from Mexico; and high- tier tariff sugar and syrups not otherwise specified -- for 2019/20 (275) and 2020/21 (200). 6/ Transfers accompanying deliveries for sugar- containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE - reported deliveries: 2018/19 -- 374; estimated 2019/20 -- 298; projected 2020/21 -- 347. Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2019/20 Est. Mar 1,169 5,278 77 4,455 1,212 858 2019/20 Est. Apr 1,169 5,278 77 4,455 1,212 858 2020/21 Proj. Mar 858 5,900 105 4,445 1,492 926 2020/21 Proj. Apr 858 5,900 105 4,445 1,492 926 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2018/19 = 1,528; Estimated 2019/20 = 1,388; Projected 2020/21 = 1,377; Estimated Oct -Feb 2020/21 = 537; Estimated Oct -Feb 2019/20 = 571. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2019/20 (352 est =330 dom.+23 import); 2020/21 (415 proj =350 dom.+65 import). Statistical Adjustments: 2019/20 (1), 2020/21 (0). April 2021 WASDE - 611 - 17 U.S. Cotton Supply and Use 1/ 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Mar Apr Filler Filler Filler Filler Filler Area Million Acres Planted 14.10 13.74 12.09 12.09 Harvested 9.99 11.61 8.70 8.70 Filler Pounds Yield per Harvested Acre 882 823 811 811 Million 480 Pound Bales Beginning Stocks 4.20 4.85 7.25 7.25 Production 18.37 19.91 14.70 14.70 Imports 0.00 0.00 0.00 0.00 Supply, Total 22.57 24.77 21.95 21.95 Domestic Use 2.98 2.15 2.30 2.30 Exports, Total 14.84 15.53 15.50 15.75 Use, Total 17.81 17.68 17.80 18.05 Unaccounted 2/ -0.09 -0.16 -0.05 0.00 Ending Stocks 4.85 7.25 4.20 3.90 Avg. Farm Price 3/ 70.3 59.6 69.0 68.0 Tota l Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. April 2021 WASDE - 611 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 287.18 731.00 171.27 139.25 734.81 173.67 283.37 World Less China 155.98 599.57 168.12 119.25 609.81 172.67 143.61 United States 29.91 51.31 3.66 2.39 29.99 25.50 29.39 Total Foreign 257.27 679.69 167.60 136.86 704.82 148.17 253.99 Major Exporters 4/ 42.93 302.77 7.31 81.91 194.75 120.77 37.50 Argentina 0.47 19.50 0.01 0.05 6.05 12.19 1.74 Australia 4.55 17.60 0.50 5.70 9.20 9.01 4.44 Canada 6.73 32.35 0.48 4.16 9.15 24.38 6.04 EU-27+UK 5/ 17.94 136.58 5.76 51.50 121.05 23.31 15.92 Russia 12.01 71.69 0.45 18.00 40.50 35.86 7.78 Ukraine 1.24 25.06 0.11 2.50 8.80 16.02 1.59 Major Importers 6/ 177.35 199.78 111.72 37.99 294.01 12.44 182.40 Bangladesh 2.23 1.10 5.10 0.28 7.18 0.00 1.26 Brazil 1.31 5.43 7.02 0.50 12.10 0.60 1.06 China 131.20 131.43 3.15 20.00 125.00 1.01 139.77 Japan 1.23 0.86 5.73 0.70 6.45 0.29 1.08 N. Africa 7/ 14.87 21.00 26.96 2.25 46.10 1.19 15.53 Nigeria 0.20 0.06 4.66 0.05 4.32 0.40 0.20 Sel. Mideast 8/ 15.28 17.88 17.23 3.45 37.70 0.63 12.06 Southeast Asia 9/ 5.51 0.00 26.72 7.94 25.29 1.07 5.87 Selected Other India 13.23 99.87 0.02 5.00 95.63 0.50 16.99 Kazakhstan 2.54 13.95 0.09 1.80 6.60 8.30 1.68 2019/20 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 283.37 763.86 185.42 139.22 747.18 191.52 300.04 World Less China 143.61 630.27 180.04 120.22 621.18 190.47 148.36 United States 29.39 52.58 2.86 2.75 30.56 26.28 27.99 Total Foreign 253.99 711.27 182.56 136.47 716.62 165.25 272.06 Major Exporters 4/ 37.50 324.77 6.80 81.21 195.26 141.19 32.63 Argentina 1.74 19.78 0.01 0.05 6.30 13.50 1.72 Australia 4.44 15.20 0.89 5.00 8.50 9.14 2.90 Canada 6.04 32.67 0.68 4.16 9.26 24.63 5.50 EU-27+UK 5/ 15.92 154.34 4.80 52.50 122.50 38.43 14.13 Russia 7.78 73.61 0.33 17.00 40.00 34.49 7.23 Ukraine 1.59 29.17 0.10 2.50 8.70 21.01 1.15 Major Importers 6/ 182.40 202.53 122.17 36.79 297.39 12.79 196.91 Bangladesh 1.26 1.20 6.80 0.30 7.40 0.00 1.86 Brazil 1.06 5.20 7.20 0.50 12.10 0.42 0.94 China 139.77 133.59 5.38 19.00 126.00 1.05 151.68 Japan 1.08 1.10 5.68 0.65 6.37 0.29 1.20 N. Africa 7/ 15.53 18.40 27.74 1.85 46.25 1.07 14.36 Nigeria 0.20 0.06 5.34 0.05 4.90 0.40 0.30 Sel. Mideast 8/ 12.06 22.20 17.71 3.60 38.47 0.78 12.71 Southeast Asia 9/ 5.87 0.00 26.45 7.64 25.05 1.13 6.14 Selected Other India 16.99 103.60 0.02 6.00 95.40 0.51 24.70 Kazakhstan 1.68 11.45 0.58 1.30 6.10 6.99 0.63 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, EU -27+UK, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2021 WASDE - 611 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Mar 300.29 776.78 191.59 152.98 775.89 197.69 301.19 Apr 300.04 776.49 191.84 156.66 781.01 198.91 295.52 World Less China Mar 148.61 642.53 181.09 117.98 630.89 196.69 150.76 Apr 148.36 642.24 181.34 116.66 631.01 197.91 150.09 United States Mar 27.99 49.69 3.27 3.40 31.38 26.81 22.76 Apr 27.99 49.69 2.99 2.72 30.69 26.81 23.18 Total Foreign Mar 272.31 727.09 188.32 149.58 744.51 170.88 278.43 Apr 272.06 726.80 188.85 153.94 750.33 172.11 272.35 Major Exporters 4/ Mar 32.80 332.04 7.33 78.75 192.55 144.00 35.61 Apr 32.63 332.27 7.33 77.75 191.75 145.00 35.47 Argentina Mar 1.72 17.20 0.01 0.05 6.05 11.50 1.38 Apr 1.72 17.63 0.01 0.05 6.25 11.50 1.61 Australia Mar 2.90 33.00 0.20 5.00 8.50 22.00 5.60 Apr 2.90 33.00 0.20 5.00 8.50 22.00 5.60 Canada Mar 5.50 35.18 0.55 4.70 9.90 27.00 4.33 Apr 5.50 35.18 0.55 4.70 9.90 27.00 4.33 EU-27+UK 5/ Mar 14.30 135.80 6.00 49.00 118.50 27.00 10.60 Apr 14.13 135.60 6.00 48.00 117.50 27.50 10.73 Russia Mar 7.23 85.35 0.50 18.00 41.50 39.00 12.58 Apr 7.23 85.35 0.50 18.00 41.50 39.50 12.08 Ukraine Mar 1.15 25.50 0.08 2.00 8.10 17.50 1.12 Apr 1.15 25.50 0.08 2.00 8.10 17.50 1.12 Major Importers 6/ Mar 196.91 203.11 125.25 52.18 318.48 13.12 193.68 Apr 196.91 202.82 124.95 57.28 323.48 13.17 188.04 Bangladesh Mar 1.86 1.22 6.60 0.30 7.50 0.00 2.18 Apr 1.86 1.22 6.60 0.30 7.50 0.00 2.18 Brazil Mar 0.94 6.25 6.70 0.50 12.20 0.90 0.79 Apr 0.94 6.25 6.70 0.50 12.20 0.95 0.74 China Mar 151.68 134.25 10.50 35.00 145.00 1.00 150.43 Apr 151.68 134.25 10.50 40.00 150.00 1.00 145.43 Japan Mar 1.20 1.10 5.60 0.60 6.30 0.28 1.32 Apr 1.20 0.99 5.60 0.70 6.40 0.28 1.11 N. Africa 7/ Mar 14.36 16.64 29.40 1.75 46.95 0.99 12.45 Apr 14.36 16.64 29.40 1.75 46.95 0.99 12.45 Nigeria Mar 0.30 0.06 5.50 0.05 4.95 0.50 0.41 Apr 0.30 0.06 5.50 0.05 4.95 0.50 0.41 Sel. Mideast 8/ Mar 12.70 22.28 18.30 3.59 39.44 0.69 13.16 Apr 12.71 22.18 18.30 3.59 39.54 0.74 12.92 Southeast Asia 9/ Mar 6.14 0.00 25.75 7.29 25.09 1.11 5.69 Apr 6.14 0.00 25.55 7.29 24.99 1.11 5.59 Selected Other India Mar 24.70 107.86 0.03 6.50 103.09 2.00 27.50 Apr 24.70 107.86 0.03 6.50 103.09 2.20 27.30 Kazakhstan Mar 0.63 14.26 0.50 1.40 6.20 7.50 1.69 Apr 0.63 14.26 0.50 1.40 6.20 7.50 1.69 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, EU -27+UK, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabi a, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2021 WASDE - 611 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 372.51 1,399.15 194.37 852.77 1,421.46 212.78 350.20 World Less China 149.53 1,135.19 183.83 657.32 1,134.45 212.71 139.80 United States 57.92 377.91 2.63 143.09 323.02 54.97 60.47 Total Foreign 314.59 1,021.24 191.74 709.68 1,098.44 157.81 289.73 Major Exporters 4/ 27.12 293.19 5.66 127.91 172.32 134.02 19.63 Argentina 3.37 59.22 0.02 12.28 18.09 40.89 3.62 Australia 2.29 11.51 0.01 5.29 7.30 4.08 2.43 Brazil 9.71 104.33 2.32 59.95 70.98 39.70 5.67 Canada 4.57 26.20 2.62 16.18 24.10 5.98 3.30 Russia 1.37 35.00 0.05 18.80 27.37 7.84 1.22 Ukraine 2.91 44.50 0.06 8.33 11.36 34.07 2.04 Major Importers 5/ 41.21 243.72 144.25 294.80 379.72 11.12 38.35 EU-27+UK 6/ 17.76 148.26 26.49 126.00 168.19 8.83 15.49 Japan 1.80 0.18 17.73 13.84 17.95 0.00 1.75 Mexico 6.18 33.47 17.36 31.27 50.51 0.72 5.78 N. Afr & Mideast 7/ 7.80 31.09 39.90 62.17 70.48 0.89 7.41 Saudi Arabia 2.44 0.22 10.17 10.75 11.13 0.00 1.70 Southeast Asia 8/ 2.56 30.19 17.04 37.89 45.72 0.68 3.38 South Korea 1.86 0.23 10.96 8.59 11.20 0.00 1.86 Selected Other China 222.98 263.96 10.54 195.45 287.01 0.07 210.40 2019/20 Est. Beginning Stocks Production Imports Domes tic Feed Domes tic Total 2/ Exports Ending Stocks World 3/ 350.20 1,411.74 200.78 879.43 1,428.34 208.61 333.60 World Less China 139.80 1,143.54 183.29 678.61 1,133.27 208.57 132.61 United States 60.47 359.43 3.11 154.45 320.68 50.51 51.83 Total Foreign 289.73 1,052.31 197.68 724.97 1,107.66 158.11 281.77 Major Exporters 4/ 19.63 306.15 4.60 133.97 178.53 128.75 23.11 Argentina 3.62 58.13 0.02 12.12 17.78 39.32 4.68 Australia 2.43 10.44 0.01 4.78 6.75 3.88 2.25 Brazil 5.67 105.57 2.31 61.51 72.64 35.23 5.68 Canada 3.30 28.61 1.92 17.50 24.85 5.01 3.98 Russia 1.22 40.50 0.18 22.29 31.39 8.63 1.87 Ukraine 2.04 46.55 0.03 8.89 11.89 34.08 2.65 Major Importers 5/ 38.35 257.69 142.31 297.98 383.97 15.76 38.62 EU-27+UK 6/ 15.49 162.08 19.29 124.50 167.42 13.38 16.07 Japan 1.75 0.23 17.63 13.91 17.87 0.00 1.74 Mexico 5.78 32.10 17.60 30.83 50.31 1.03 4.14 N. Afr & Mideast 7/ 7.41 33.34 41.65 65.06 73.54 0.74 8.12 Saudi Arabia 1.70 0.20 11.33 11.15 11.51 0.00 1.72 Southeast Asia 8/ 3.38 29.40 18.17 38.50 46.52 0.61 3.82 South Korea 1.86 0.28 11.98 9.55 12.09 0.00 2.02 Selected Other China 210.40 268.20 17.50 200.82 295.07 0.04 200.98 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in ma rketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ EU -27+UK, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2021 WASDE - 611 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Mar 331.79 1,444.83 222.00 904.24 1,458.54 230.09 318.08 Apr 333.60 1,445.99 222.52 908.17 1,463.93 231.17 315.66 World Less China Mar 130.81 1,176.79 181.75 684.44 1,146.36 230.02 121.05 Apr 132.61 1,177.95 181.37 687.47 1,150.85 231.10 118.63 United States Mar 51.83 374.57 2.65 147.40 314.15 73.79 41.11 Apr 51.83 374.57 2.65 148.62 316.00 75.74 37.31 Total Foreign Mar 279.96 1,070.27 219.34 756.84 1,144.39 156.30 276.97 Apr 281.77 1,071.43 219.87 759.56 1,147.92 155.43 278.35 Major Exporters 4/ Mar 22.98 312.10 4.15 138.83 184.40 130.40 24.43 Apr 23.11 311.95 4.22 139.79 185.39 129.92 23.97 Argentina Mar 4.84 55.59 0.01 13.51 19.18 37.81 3.45 Apr 4.68 55.49 0.01 13.01 18.78 38.01 3.39 Australia Mar 2.25 16.56 0.00 6.66 8.73 6.95 3.13 Apr 2.25 16.46 0.00 6.61 8.68 6.90 3.13 Brazil Mar 5.28 112.41 2.20 63.08 74.22 39.03 6.65 Apr 5.68 112.41 2.20 63.58 74.72 39.03 6.54 Canada Mar 3.98 29.64 1.81 17.53 25.21 6.45 3.78 Apr 3.98 29.64 1.89 17.53 25.11 6.75 3.66 Russia Mar 1.87 41.40 0.07 22.87 32.44 8.66 2.23 Apr 1.87 41.40 0.07 22.87 32.44 8.65 2.25 Ukraine Mar 2.65 38.71 0.03 8.10 11.19 28.30 1.90 Apr 2.65 38.71 0.03 9.11 12.21 27.38 1.80 Major Importers 5/ Mar 36.81 260.08 139.21 301.45 388.04 11.88 36.20 Apr 38.62 260.33 138.83 301.75 388.10 12.09 37.60 EU-27+UK 6/ Mar 13.94 161.86 15.76 124.85 168.09 9.34 14.12 Apr 16.07 162.49 15.76 125.75 168.99 9.55 15.77 Japan Mar 1.70 0.25 17.22 13.46 17.53 0.00 1.65 Apr 1.74 0.23 17.17 13.57 17.45 0.00 1.69 Mexico Mar 4.14 33.19 16.88 30.28 49.71 0.90 3.60 Apr 4.14 32.96 17.03 30.25 49.69 0.90 3.54 N. Afr & Mideast 7/ Mar 8.13 33.77 41.02 65.85 74.28 0.77 7.87 Apr 8.12 33.77 40.44 65.26 73.69 0.77 7.86 Saudi Arabia Mar 2.07 0.27 12.31 12.25 12.61 0.00 2.04 Apr 1.72 0.19 12.31 12.25 12.61 0.00 1.62 Southeast Asia 8/ Mar 3.82 30.45 19.93 40.90 49.22 0.86 4.11 Apr 3.82 30.40 20.03 41.00 49.22 0.86 4.16 South Korea Mar 2.03 0.22 11.61 9.35 11.86 0.00 1.99 Apr 2.02 0.22 11.61 9.15 11.66 0.00 2.19 Selected Other China Mar 200.98 268.05 40.25 219.80 312.18 0.07 197.03 Apr 200.98 268.05 41.15 220.70 313.08 0.07 197.03 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S . excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and expor ts. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some coun tries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ EU -27+UK, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vi etnam. April 2021 WASDE - 611 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 340.97 1,124.92 164.42 703.88 1,144.82 181.71 321.07 World Less China 118.44 867.74 159.94 512.88 870.82 181.69 110.90 United States 54.37 364.26 0.71 137.91 310.45 52.48 56.41 Total Foreign 286.60 760.65 163.71 565.98 834.37 129.23 264.66 Major Exporters 4/ 16.16 211.04 2.25 86.34 108.04 111.45 9.97 Argentina 2.41 51.00 0.00 9.70 13.80 37.24 2.37 Brazil 9.32 101.00 1.66 57.00 67.00 39.66 5.31 Russia 0.20 11.42 0.04 7.60 8.50 2.77 0.38 South Africa 2.67 11.82 0.51 7.04 12.54 1.45 1.02 Ukraine 1.57 35.81 0.04 5.00 6.20 30.32 0.89 Major Importers 5/ 23.25 129.15 99.36 169.33 224.47 5.03 22.26 Egypt 1.85 6.80 9.37 13.70 16.20 0.00 1.81 EU-27+UK 6/ 9.16 64.38 25.25 67.00 87.50 3.63 7.66 Japan 1.39 0.00 16.05 12.30 16.00 0.00 1.45 Mexico 5.65 27.67 16.66 25.90 44.10 0.72 5.16 Southeast Asia 7/ 2.54 30.14 16.66 37.60 45.30 0.68 3.37 South Korea 1.85 0.08 10.86 8.56 10.95 0.00 1.84 Selected Other 0.00 Canada 2.42 13.89 2.56 9.30 15.09 1.80 1.98 China 222.53 257.17 4.48 191.00 274.00 0.02 210.16 2019/20 Est. Beginning Stocks Production Imports Domes tic Feed Domes tic Total 2 / Exports Ending Stocks World 3/ 321.07 1,116.52 165.36 714.35 1,134.60 171.72 302.99 World Less China 110.90 855.74 157.77 521.35 856.60 171.71 102.46 United States 56.41 345.96 1.06 149.80 309.51 45.17 48.76 Total Foreign 264.66 770.56 164.30 564.55 825.09 126.55 254.23 Major Exporters 4/ 9.97 219.01 1.73 88.80 110.80 107.08 12.82 Argentina 2.37 51.00 0.00 9.50 13.50 36.25 3.62 Brazil 5.31 102.00 1.65 58.50 68.50 35.23 5.23 Russia 0.38 14.28 0.05 8.80 9.80 4.07 0.83 South Africa 1.02 15.84 0.00 6.80 12.60 2.60 1.66 Ukraine 0.89 35.89 0.03 5.20 6.40 28.93 1.48 Major Importers 5/ 22.26 129.32 95.17 164.05 219.65 6.45 20.65 Egypt 1.81 6.40 10.43 14.40 16.90 0.01 1.73 EU-27+UK 6/ 7.66 66.76 18.61 60.00 81.00 4.81 7.22 Japan 1.45 0.00 15.89 12.40 15.95 0.00 1.39 Mexico 5.16 26.66 16.53 25.60 43.80 1.03 3.52 Southeast Asia 7/ 3.37 29.35 17.26 37.70 45.55 0.61 3.81 South Korea 1.84 0.08 11.88 9.50 11.80 0.00 2.00 Selected Other 0.00 Canada 1.98 13.40 1.84 8.66 13.96 0.71 2.56 China 210.16 260.78 7.60 193.00 278.00 0.01 200.53 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, EU -27+UK, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2021 WASDE - 611 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Mar 303.13 1,136.31 179.94 728.25 1,151.77 186.55 287.67 Apr 302.99 1,137.05 179.98 731.27 1,156.19 187.26 283.85 World Less China Mar 102.60 875.64 155.94 522.25 862.77 186.53 91.49 Apr 102.46 876.38 155.98 525.27 867.19 187.24 87.67 United States Mar 48.76 360.25 0.64 143.52 305.45 66.04 38.15 Apr 48.76 360.25 0.64 144.79 307.35 67.95 34.34 Total Foreign Mar 254.37 776.06 179.30 584.73 846.32 120.51 249.52 Apr 254.23 776.80 179.35 586.48 848.84 119.31 249.51 Major Exporters 4/ Mar 12.54 216.87 1.56 92.70 114.80 103.30 12.87 Apr 12.82 216.37 1.56 93.70 115.80 102.30 12.65 Argentina Mar 3.67 47.50 0.01 11.00 15.00 34.00 2.18 Apr 3.62 47.00 0.01 10.50 14.50 34.00 2.12 Brazil Mar 4.79 109.00 1.50 60.00 70.00 39.00 6.29 Apr 5.23 109.00 1.50 60.50 70.50 39.00 6.23 Russia Mar 0.83 13.87 0.04 9.80 10.90 3.10 0.74 Apr 0.83 13.87 0.04 9.80 10.90 3.10 0.74 South Africa Mar 1.76 17.00 0.00 7.00 12.80 3.20 2.76 Apr 1.66 17.00 0.00 7.00 12.80 3.20 2.66 Ukraine Mar 1.48 29.50 0.02 4.90 6.10 24.00 0.89 Apr 1.48 29.50 0.02 5.90 7.10 23.00 0.89 Major Importers 5/ Mar 20.61 128.46 92.50 161.75 217.60 3.97 20.00 Apr 20.65 128.70 92.50 161.75 217.60 3.97 20.29 Egypt Mar 1.73 6.40 10.30 14.40 16.90 0.01 1.52 Apr 1.73 6.40 10.30 14.40 16.90 0.01 1.52 EU-27+UK 6/ Mar 7.18 63.70 15.50 56.00 77.00 2.20 7.18 Apr 7.22 64.00 15.50 56.30 77.30 2.20 7.22 Japan Mar 1.39 0.00 15.60 12.00 15.65 0.00 1.34 Apr 1.39 0.00 15.60 12.10 15.60 0.00 1.39 Mexico Mar 3.52 27.80 16.50 25.60 43.85 0.90 3.07 Apr 3.52 27.80 16.50 25.60 43.85 0.90 3.07 Southeast Asia 7/ Mar 3.81 30.40 18.70 39.95 47.95 0.86 4.10 Apr 3.81 30.35 18.70 39.75 47.85 0.86 4.15 South Korea Mar 2.00 0.08 11.50 9.30 11.60 0.00 1.98 Apr 2.00 0.08 11.50 9.10 11.40 0.00 2.18 Selected Other Canada Mar 2.56 13.56 1.70 9.60 14.80 1.00 2.02 Apr 2.56 13.56 1.70 9.60 14.80 1.00 2.02 China Mar 200.53 260.67 24.00 206.00 289.00 0.02 196.18 Apr 200.53 260.67 24.00 206.00 289.00 0.02 196.18 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, EU -27+UK, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2021 WASDE - 611 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 163.74 497.34 43.97 484.59 43.90 176.49 World Less China 54.74 348.85 40.77 341.67 41.13 61.49 United States 0.93 7.11 0.92 4.57 2.97 1.42 Total Foreign 162.80 490.24 43.05 480.02 40.93 175.07 Major Exporters 4/ 28.72 184.66 0.76 145.71 31.76 36.68 Burma 0.81 13.20 0.01 10.25 2.70 1.07 India 22.60 116.48 0.00 99.16 10.42 29.50 Pakistan 1.42 7.30 0.00 3.30 4.49 0.93 Thailand 2.85 20.34 0.25 11.80 7.56 4.08 Vietnam 1.03 27.34 0.50 21.20 6.58 1.10 Major Importers 5/ 122.59 239.14 17.13 247.82 3.18 127.87 China 109.00 148.49 3.20 142.92 2.77 115.00 EU-27+UK 6/ 1.18 1.97 2.15 3.80 0.30 1.19 Indonesia 5.56 34.20 0.60 36.30 0.00 4.06 Nigeria 1.58 4.54 1.90 6.80 0.00 1.22 Philippines 2.29 11.73 3.60 14.10 0.00 3.52 Sel. Mideast 7/ 0.90 2.01 3.93 5.90 0.00 0.94 Selected Other 0.00 Brazil 0.59 7.14 0.75 7.35 0.88 0.25 C. Amer & Carib 8/ 0.57 1.74 1.78 3.47 0.04 0.58 Egypt 1.56 2.80 0.81 4.20 0.02 0.95 Japan 2.22 7.66 0.63 8.40 0.07 2.05 Mexico 0.15 0.19 0.77 0.93 0.03 0.15 South Korea 1.56 3.87 0.29 4.57 0.05 1.09 2019/20 Est. Beginning Stocks Production Imports Total /2 Domes tic Exports Ending Stocks World 3/ 176.49 497.69 42.32 496.30 43.00 177.88 World Less China 61.49 350.96 39.72 351.07 40.40 61.38 United States 1.42 5.88 1.19 4.59 2.99 0.91 Total Foreign 175.07 491.82 41.13 491.72 40.01 176.97 Major Exporters 4/ 36.68 183.53 0.66 153.21 30.48 37.17 Burma 1.07 12.70 0.01 10.40 2.30 1.08 India 29.50 118.87 0.00 105.98 12.49 29.90 Pakistan 0.93 7.20 0.00 3.28 3.82 1.03 Thailand 4.08 17.66 0.25 12.30 5.71 3.98 Vietnam 1.10 27.10 0.40 21.25 6.17 1.18 Major Importers 5/ 127.87 239.82 14.48 250.47 2.97 128.73 China 115.00 146.73 2.60 145.23 2.60 116.50 EU-27+UK 6/ 1.19 1.99 2.44 4.06 0.31 1.24 Indonesia 4.06 34.70 0.55 36.00 0.00 3.31 Nigeria 1.22 5.04 1.40 6.85 0.00 0.81 Philippines 3.52 11.93 2.45 14.30 0.00 3.60 Sel. Mideast 7/ 0.94 2.34 3.97 6.03 0.00 1.22 Selected Other 0.00 Brazil 0.25 7.60 0.90 7.30 1.20 0.25 C. Amer & Carib 8/ 0.58 1.63 1.86 3.39 0.04 0.65 Egypt 0.95 4.30 0.30 4.30 0.02 1.23 Japan 2.05 7.61 0.71 8.35 0.03 1.98 Mexico 0.15 0.18 0.80 0.94 0.02 0.18 South Korea 1.09 3.74 0.45 4.10 0.06 1.14 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, EU -27+UK, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. April 2021 WASDE - 611 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Mar 178.12 504.41 43.97 504.69 46.25 177.83 Apr 177.88 504.17 43.65 504.31 45.98 177.74 World Less China Mar 61.62 356.11 40.97 355.69 43.85 61.43 Apr 61.38 355.87 40.65 355.31 43.58 61.34 United States Mar 0.91 7.23 1.15 5.08 2.95 1.25 Apr 0.91 7.23 1.13 5.02 2.89 1.36 Total Foreign Mar 177.21 497.19 42.82 499.61 43.30 176.58 Apr 176.97 496.94 42.52 499.29 43.10 176.38 Major Exporters 4/ Mar 37.22 187.30 0.71 153.95 34.50 36.78 Apr 37.17 187.13 0.71 153.95 34.30 36.76 Burma Mar 1.13 13.00 0.01 10.50 2.40 1.24 Apr 1.08 12.60 0.01 10.40 2.10 1.19 India Mar 29.90 121.00 0.00 106.50 15.50 28.90 Apr 29.90 121.00 0.00 106.50 15.50 28.90 Pakistan Mar 1.03 7.60 0.00 3.30 4.10 1.23 Apr 1.03 7.60 0.00 3.30 4.10 1.23 Thailand Mar 3.98 18.60 0.20 12.40 6.10 4.28 Apr 3.98 18.83 0.20 12.50 6.20 4.31 Vietnam Mar 1.18 27.10 0.50 21.25 6.40 1.13 Apr 1.18 27.10 0.50 21.25 6.40 1.13 Major Importers 5/ Mar 128.95 241.17 15.60 254.66 2.77 128.29 Apr 128.73 241.09 15.60 254.54 2.77 128.12 China Mar 116.50 148.30 3.00 149.00 2.40 116.40 Apr 116.50 148.30 3.00 149.00 2.40 116.40 EU-27+UK 6/ Mar 1.24 1.98 2.40 4.15 0.32 1.15 Apr 1.24 1.96 2.40 4.14 0.32 1.15 Indonesia Mar 3.31 35.50 0.50 35.80 0.00 3.51 Apr 3.31 35.20 0.70 35.80 0.00 3.41 Nigeria Mar 0.81 4.73 1.80 6.70 0.00 0.64 Apr 0.81 4.73 1.80 6.70 0.00 0.64 Philippines Mar 3.60 12.20 2.20 14.40 0.00 3.60 Apr 3.60 12.40 2.00 14.40 0.00 3.60 Sel. Mideast 7/ Mar 1.44 2.27 3.70 6.21 0.00 1.20 Apr 1.22 2.31 3.70 6.10 0.00 1.12 Selected Other Brazil Mar 0.27 7.48 0.85 7.35 0.80 0.45 Apr 0.25 7.48 0.85 7.35 0.80 0.43 C. Amer & Carib 8/ Mar 0.65 1.61 1.92 3.50 0.03 0.65 Apr 0.65 1.59 1.92 3.48 0.03 0.65 Egypt Mar 1.23 4.00 0.25 4.30 0.02 1.16 Apr 1.23 4.00 0.25 4.30 0.02 1.16 Japan Mar 1.98 7.62 0.69 8.27 0.08 1.94 Apr 1.98 7.57 0.69 8.25 0.08 1.90 Mexico Mar 0.18 0.19 0.80 0.96 0.01 0.20 Apr 0.18 0.20 0.80 0.96 0.01 0.21 South Korea Mar 1.14 3.51 0.45 4.00 0.06 1.04 Apr 1.14 3.51 0.45 4.00 0.06 1.04 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, EU -27+UK, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. April 2021 WASDE - 611 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2018/19 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 81.10 118.56 42.43 120.46 41.65 0.04 79.95 World Less China 43.11 90.81 32.79 80.96 41.43 0.04 44.28 United States 4.20 18.37 3/ 2.98 14.84 -0.09 4.85 Total Foreign 76.90 100.20 42.43 117.49 26.81 0.14 75.10 Major Exporters 4/ 26.93 54.52 2.48 33.32 22.33 0.02 28.26 Central Asia 5/ 2.67 5.44 3/ 3.80 2.04 0.00 2.28 Afr. Fr. Zone 6/ 1.61 5.43 3/ 0.17 5.47 0.00 1.41 S. Hemis. 7/ 13.19 17.22 0.18 4.39 10.86 0.01 15.32 Australia 3.04 2.20 3/ 0.04 3.63 0.00 1.57 Brazil 8.66 13.00 0.02 3.40 6.02 0.00 12.26 India 9.23 25.80 1.80 24.30 3.52 0.00 9.00 Major Importers 8/ 48.11 42.69 37.40 79.99 3.24 0.11 44.87 Mexico 0.66 1.74 0.85 2.00 0.52 0.03 0.69 China 37.99 27.75 9.64 39.50 0.21 0.00 35.67 EU-27+UK 9/ 0.30 1.71 0.64 0.70 1.72 0.03 0.22 Turkey 1.95 3.75 3.61 6.90 0.71 0.00 1.69 Pakistan 2.83 7.60 2.85 10.70 0.06 0.03 2.50 Indonesia 0.63 3/ 3.05 3.15 0.01 0.00 0.53 Thailand 0.20 3/ 1.08 1.05 0.00 0.03 0.20 Bangladesh 1.86 0.14 7.00 7.20 0.00 0.01 1.78 Vietnam 1.29 3/ 6.94 7.00 0.00 0.00 1.23 2019/20 Est. Beginning Stocks Production Imports Domes tic Use Exports Los s /2 Ending Stocks World 79.95 122.12 40.73 102.93 41.48 -0.04 98.41 World Less China 44.28 94.87 33.59 69.93 41.32 -0.04 61.51 United States 4.85 19.91 3/ 2.15 15.53 -0.16 7.25 Total Foreign 75.10 102.20 40.72 100.78 25.95 0.13 91.16 Major Exporters 4/ 28.26 58.53 2.92 28.30 21.46 0.02 39.93 Central Asia 5/ 2.28 5.96 3/ 3.94 1.78 0.00 2.53 Afr. Fr. Zone 6/ 1.41 5.91 3/ 0.14 4.89 0.00 2.29 S. Hemis. 7/ 15.32 16.71 0.14 3.56 11.31 0.01 17.29 Australia 1.57 0.63 3/ 0.04 1.36 0.00 0.80 Brazil 12.26 13.78 0.01 2.70 8.94 0.00 14.40 India 9.00 29.50 2.28 20.00 3.20 0.00 17.58 Major Importers 8/ 44.87 40.62 35.44 68.86 3.18 0.11 48.79 Mexico 0.69 1.57 0.59 1.48 0.66 0.03 0.69 China 35.67 27.25 7.14 33.00 0.16 0.00 36.90 EU-27+UK 9/ 0.22 2.00 0.58 0.60 1.82 0.03 0.35 Turkey 1.69 3.45 4.67 6.60 0.45 0.00 2.77 Pakistan 2.50 6.20 3.98 9.20 0.06 0.03 3.39 Indonesia 0.53 3/ 2.51 2.40 0.00 0.00 0.64 Thailand 0.20 3/ 0.70 0.78 0.00 0.02 0.10 Bangladesh 1.78 0.14 7.50 6.90 0.00 0.01 2.52 Vietnam 1.23 3/ 6.48 6.60 0.00 0.00 1.11 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, re flects the difference between implicit stocks based on suppl y less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regi ons listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. April 2021 WASDE - 611 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2020/21 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Mar 98.84 113.32 44.53 117.46 44.54 0.09 94.59 Apr 98.41 113.04 45.47 117.85 45.48 0.14 93.46 World Less China Mar 61.94 84.32 33.53 77.96 44.42 0.09 57.32 Apr 61.51 84.04 33.72 78.10 45.43 0.14 55.61 United States Mar 7.25 14.70 3/ 2.30 15.50 -0.05 4.20 Apr 7.25 14.70 3/ 2.30 15.75 0.00 3.90 filler filler filler filler filler filler filler Total Foreign Mar 91.59 98.62 44.52 115.16 29.04 0.13 90.39 Apr 91.16 98.34 45.47 115.55 29.73 0.13 89.56 Major Exporters 4/ Mar 40.08 56.20 1.51 33.16 24.93 0.02 39.68 Apr 39.93 55.94 1.56 33.15 25.67 0.02 38.59 Central Asia 5/ Mar 2.68 5.83 3/ 4.18 1.63 0.00 2.70 Apr 2.53 5.75 3/ 4.18 1.68 0.00 2.42 Afr. Fr. Zone 6/ Mar 2.29 4.77 3/ 0.14 4.77 0.00 2.14 Apr 2.29 4.77 3/ 0.14 4.85 0.00 2.07 S. Hemis. 7/ Mar 17.29 16.25 0.16 3.91 12.57 0.01 17.21 Apr 17.29 16.07 0.16 3.91 13.05 0.01 16.54 Australia Mar 0.80 2.60 3/ 0.04 1.40 0.00 1.97 Apr 0.80 2.50 3/ 0.04 1.40 0.00 1.87 filler filler filler filler filler filler filler Brazil Mar 14.40 11.50 0.03 3.00 10.00 0.00 12.93 Apr 14.40 11.50 0.03 3.00 10.50 0.00 12.43 India Mar 17.58 29.00 0.80 24.30 5.70 0.00 17.38 Apr 17.58 29.00 0.80 24.30 5.70 0.00 17.38 Major Importers 8/ Mar 49.06 39.26 40.51 78.09 2.69 0.11 47.94 Apr 48.79 39.26 41.44 78.52 2.64 0.11 48.21 Mexico Mar 0.67 1.03 0.80 1.55 0.40 0.03 0.52 Apr 0.69 1.03 0.85 1.70 0.43 0.03 0.42 China Mar 36.90 29.00 11.00 39.50 0.13 0.00 37.27 Apr 36.90 29.00 11.75 39.75 0.05 0.00 37.85 EU-27+UK 9/ Mar 0.35 1.68 0.61 0.66 1.63 0.03 0.32 Apr 0.35 1.68 0.60 0.66 1.63 0.03 0.31 Turkey Mar 2.77 2.90 4.80 7.50 0.45 0.00 2.52 Apr 2.77 2.90 4.80 7.50 0.45 0.00 2.52 Pakistan Mar 3.39 4.50 5.20 10.30 0.05 0.03 2.72 Apr 3.39 4.50 5.30 10.30 0.05 0.03 2.82 Indonesia Mar 0.64 3/ 2.40 2.55 0.00 0.00 0.49 Apr 0.64 3/ 2.25 2.40 0.00 0.00 0.49 Thailand Mar 0.10 3/ 0.60 0.58 0.00 0.03 0.10 Apr 0.10 3/ 0.60 0.58 0.00 0.03 0.10 Bangladesh Mar 2.52 0.15 7.20 7.50 0.00 0.01 2.35 Apr 2.52 0.15 7.40 7.70 0.00 0.01 2.35 Vietnam Mar 1.41 3/ 6.80 6.80 0.00 0.00 1.41 Apr 1.11 3/ 6.80 6.80 0.00 0.00 1.11 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on suppl y less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso , Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. April 2021 WASDE - 611 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 100.66 361.04 145.88 298.53 344.28 148.83 114.48 World Less China 77.60 345.08 63.34 213.53 242.28 148.71 95.02 United States 11.92 120.52 0.38 56.94 60.40 47.68 24.74 Total Foreign 88.74 240.53 145.50 241.60 283.88 101.15 89.74 Major Exporters 3/ 57.90 186.35 6.56 86.99 96.73 91.64 62.44 Argentina 23.73 55.30 6.41 40.57 47.45 9.10 28.89 Brazil 32.70 119.70 0.14 42.53 45.18 74.89 32.47 Paraguay 1.45 8.52 0.01 3.82 4.02 4.90 1.06 Major Importers 4/ 25.67 19.84 115.04 113.03 138.08 0.32 22.16 China 23.06 15.97 82.54 85.00 102.00 0.12 19.46 EU-27+UK 1.40 2.67 14.99 15.60 17.26 0.18 1.61 Southeast Asia 0.84 0.66 8.34 3.81 9.08 0.02 0.74 Mexico 0.17 0.34 5.87 6.15 6.20 0.00 0.18 2019/20 Est. Beginning Stocks Production Imports Domes tic C rus h Domes tic Tota l Exports Ending Stocks World 2/ 114.48 339.00 164.97 311.45 357.01 165.05 96.38 World Less China 95.02 320.90 66.44 219.95 247.81 164.96 69.59 United States 24.74 96.67 0.42 58.91 61.77 45.78 14.28 Total Foreign 89.74 242.33 164.56 252.54 295.24 119.28 82.11 Major Exporters 3/ 62.44 189.19 5.44 88.35 98.30 110.68 48.10 Argentina 28.89 48.80 4.88 38.77 45.87 10.00 26.70 Brazil 32.47 128.50 0.55 46.00 48.65 92.14 20.74 Paraguay 1.06 9.90 0.01 3.50 3.70 6.62 0.65 Major Importers 4/ 22.16 21.77 132.63 120.81 146.65 0.30 29.61 China 19.46 18.10 98.53 91.50 109.20 0.09 26.80 EU-27+UK 1.61 2.62 15.66 16.35 18.01 0.19 1.70 Southeast Asia 0.74 0.61 9.36 4.50 9.85 0.02 0.84 Mexico 0.18 0.24 5.75 6.00 6.05 0.00 0.11 2020/21 Proj. Beginning Stocks Production Imports Domes tic C rus h Domes tic Tota l Exports Ending Stocks World 2/ Mar 96.04 361.82 166.90 323.58 371.31 169.72 83.74 Apr 96.38 363.19 167.76 322.47 369.55 170.91 86.87 World Less China Mar 69.24 342.22 66.90 225.58 254.61 169.62 54.14 Apr 69.59 343.59 67.76 226.47 254.85 170.81 55.27 United States Mar 14.28 112.55 0.95 59.87 63.29 61.24 3.25 Apr 14.28 112.55 0.95 59.60 62.47 62.05 3.25 Total Foreign Mar 81.77 249.28 165.95 263.70 308.03 108.49 80.48 Apr 82.11 250.64 166.81 262.87 307.08 108.86 83.62 Major Exporters 3/ Mar 48.11 193.90 5.11 90.48 100.53 100.63 45.96 Apr 48.10 195.33 5.26 91.03 101.08 100.90 46.70 Argentina Mar 26.70 47.50 4.70 40.20 47.40 7.00 24.50 Apr 26.70 47.50 4.70 40.50 47.70 6.85 24.35 Brazil Mar 20.75 134.00 0.40 46.50 49.15 85.00 21.00 Apr 20.74 136.00 0.55 46.75 49.40 86.00 21.89 Paraguay Mar 0.65 10.20 0.01 3.70 3.90 6.50 0.46 Apr 0.65 9.70 0.01 3.70 3.90 6.00 0.46 Major Importers 4/ Mar 29.62 23.39 134.39 128.49 155.45 0.33 31.62 Apr 29.61 23.25 134.43 126.53 153.44 0.32 33.53 China Mar 26.80 19.60 100.00 98.00 116.70 0.10 29.60 Apr 26.80 19.60 100.00 96.00 114.70 0.10 31.60 EU-27+UK Mar 1.69 2.70 15.15 16.85 18.51 0.20 0.83 Apr 1.70 2.58 15.35 17.00 18.66 0.20 0.76 Southeast Asia Mar 0.79 0.60 9.63 4.72 10.12 0.03 0.87 Apr 0.84 0.60 9.67 4.81 10.19 0.02 0.90 Mexico Mar 0.16 0.26 6.20 6.40 6.47 0.00 0.14 Apr 0.11 0.24 6.00 6.20 6.25 0.00 0.10 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, EU -27+UK, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to rounding. April 2021 WASDE - 611 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 14.40 233.87 62.80 229.86 67.74 13.47 World Less China 14.40 166.55 62.78 163.46 66.80 13.47 United States 0.50 44.28 0.62 32.85 12.19 0.37 Total Foreign 13.90 189.59 62.18 197.01 55.55 13.11 Major Exporters 3/ 7.26 71.89 0.10 26.15 47.11 5.98 Argentina 2.74 31.25 0.03 3.13 28.83 2.06 Brazil 4.30 32.96 0.02 17.65 16.09 3.54 India 0.22 7.68 0.05 5.38 2.19 0.38 Major Importers 4/ 1.86 22.02 38.90 60.21 0.58 1.99 EU-27+UK 0.33 12.32 18.76 30.34 0.37 0.69 Mexico 0.17 4.86 1.89 6.65 0.01 0.26 Southeast Asia 5/ 1.27 2.98 16.66 19.70 0.20 1.01 2019/20 Est. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ 13.47 244.57 61.40 240.95 67.26 11.23 World Less China 13.47 172.10 61.35 169.45 66.25 11.23 United States 0.37 46.36 0.58 34.22 12.77 0.31 Total Foreign 13.11 198.21 60.82 206.73 54.49 10.92 Major Exporters 3/ 5.98 72.24 0.03 27.37 45.85 5.04 Argentina 2.06 29.87 0.00 3.20 27.46 1.27 Brazil 3.54 35.65 0.01 18.50 17.50 3.20 India 0.38 6.72 0.02 5.67 0.89 0.57 Major Importers 4/ 1.99 23.04 38.65 61.73 0.58 1.36 EU-27+UK 0.69 12.92 17.62 30.79 0.36 0.07 Mexico 0.26 4.75 1.82 6.73 0.01 0.10 Southeast Asia 5/ 1.01 3.51 17.36 20.62 0.21 1.05 2020/21 Proj. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ Mar 11.64 254.15 62.82 251.30 67.26 10.05 Apr 11.23 253.32 62.62 249.08 67.48 10.61 World Less China Mar 11.64 176.53 62.81 174.67 66.26 10.05 Apr 11.23 177.29 62.56 173.99 66.48 10.61 United States Mar 0.31 47.14 0.54 34.75 12.93 0.32 Apr 0.31 46.96 0.54 34.56 12.93 0.32 Total Foreign Mar 11.33 207.01 62.28 216.56 54.33 9.73 Apr 10.92 206.37 62.08 214.52 54.55 10.29 Major Exporters 3/ Mar 5.13 74.72 0.06 28.84 46.07 5.00 Apr 5.04 75.22 0.06 28.89 46.17 5.26 Argentina Mar 1.27 31.00 0.00 3.25 27.40 1.62 Apr 1.27 31.22 0.00 3.30 27.50 1.69 Brazil Mar 3.20 36.04 0.02 19.50 16.80 2.96 Apr 3.20 36.24 0.02 19.50 16.80 3.16 India Mar 0.66 7.68 0.04 6.09 1.87 0.42 Apr 0.57 7.76 0.04 6.09 1.87 0.41 Major Importers 4/ Mar 1.47 23.96 38.98 62.42 0.58 1.41 Apr 1.36 23.98 39.10 62.44 0.58 1.42 EU-27+UK Mar 0.12 13.31 18.05 31.04 0.35 0.09 Apr 0.07 13.43 18.05 31.07 0.35 0.13 Mexico Mar 0.10 5.06 1.93 6.98 0.01 0.10 Apr 0.10 4.90 1.88 6.75 0.01 0.12 Southeast Asia 5/ Mar 1.03 3.69 17.30 20.79 0.22 1.01 Apr 1.05 3.75 17.32 20.91 0.22 0.99 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ EU -27+UK, Southeast Asia, and Japan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. April 2021 WASDE - 611 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 3.93 55.98 10.75 55.11 11.24 4.31 World Less China 3.37 40.75 9.96 39.23 11.05 3.80 United States 0.91 10.98 0.18 10.38 0.88 0.81 Total Foreign 3.03 45.01 10.57 44.74 10.36 3.50 Major Exporters 3/ 0.82 19.90 0.45 12.30 7.79 1.08 Argentina 0.27 8.04 0.00 2.62 5.27 0.43 Brazil 0.37 8.18 0.02 7.17 1.09 0.32 EU-27+UK 0.15 2.96 0.42 2.46 0.79 0.29 Major Importers 4/ 1.03 18.06 6.64 24.18 0.30 1.24 China 0.57 15.23 0.78 15.89 0.20 0.50 India 0.17 1.73 3.00 4.75 0.01 0.14 North Africa 5/ 0.19 0.77 1.84 2.38 0.10 0.32 2019/20 Est. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ 4.31 58.32 11.34 57.20 12.13 4.64 World Less China 3.80 41.93 10.34 40.11 11.97 3.99 United States 0.81 11.30 0.15 10.12 1.29 0.84 Total Foreign 3.50 47.02 11.19 47.08 10.84 3.80 Major Exporters 3/ 1.08 20.28 0.56 12.53 7.96 1.42 Argentina 0.43 7.68 0.00 2.18 5.40 0.52 Brazil 0.32 8.85 0.07 7.77 1.16 0.32 EU-27+UK 0.29 3.11 0.49 2.54 0.77 0.57 Major Importers 4/ 1.24 19.46 7.07 25.98 0.47 1.32 China 0.50 16.40 1.00 17.09 0.16 0.65 India 0.14 1.51 3.61 5.10 0.02 0.15 North Africa 5/ 0.32 1.08 1.79 2.54 0.29 0.36 2020/21 Proj. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ Mar 4.56 60.60 11.71 59.93 12.40 4.53 Apr 4.64 60.60 11.83 59.99 12.57 4.51 World Less China Mar 3.91 43.04 10.61 41.42 12.25 3.88 Apr 3.99 43.22 10.73 41.66 12.42 3.86 United States Mar 0.84 11.63 0.16 10.66 1.18 0.79 Apr 0.84 11.57 0.16 10.66 1.13 0.78 Total Foreign Mar 3.72 48.97 11.55 49.27 11.23 3.75 Apr 3.80 49.03 11.67 49.33 11.44 3.73 Major Exporters 3/ Mar 1.43 20.74 0.63 12.59 8.62 1.60 Apr 1.42 20.87 0.63 12.70 8.77 1.46 Argentina Mar 0.52 7.90 0.00 1.95 6.00 0.48 Apr 0.52 7.95 0.00 1.90 6.15 0.43 Brazil Mar 0.33 8.95 0.21 7.95 1.15 0.39 Apr 0.32 9.00 0.21 8.01 1.15 0.37 EU-27+UK Mar 0.57 3.20 0.42 2.64 0.83 0.72 Apr 0.57 3.23 0.42 2.74 0.83 0.65 Major Importers 4/ Mar 1.30 20.93 7.32 27.94 0.37 1.25 Apr 1.32 20.78 7.33 27.74 0.37 1.32 China Mar 0.65 17.56 1.10 18.51 0.15 0.65 Apr 0.65 17.38 1.10 18.33 0.15 0.65 India Mar 0.15 1.73 3.80 5.47 0.02 0.20 Apr 0.15 1.73 3.80 5.47 0.02 0.20 North Africa 5/ Mar 0.35 1.08 1.67 2.63 0.21 0.26 Apr 0.36 1.13 1.68 2.63 0.21 0.33 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and EU -27+UK. 4/ China, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. April 2021 WASDE - 611 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2019 Annual 27,155 27,638 55,015 43,905 5,818 50,251 105,266 9,442 218.4 2020 I 6,929 7,426 14,407 11,238 1,469 12,842 27,248 2,348 56.2 II 6,054 6,311 12,417 10,940 1,369 12,446 24,863 2,254 56.1 III 7,110 7,049 14,208 11,358 1,454 12,958 27,166 2,311 55.4 IV 7,059 7,514 14,622 11,047 1,451 12,630 27,252 2,371 55.6 Annual Mar Est. 27,152 28,300 55,654 44,583 5,743 50,876 106,530 9,283 223.2 Apr Est. 27,152 28,300 55,654 44,583 5,743 50,876 106,530 9,283 223.2 2021 I 6,900 7,295 14,243 10,900 1,375 12,403 26,646 2,300 56.8 II* 6,910 6,675 13,635 11,180 1,400 12,715 26,350 2,315 58.1 III* 6,990 6,980 14,020 11,445 1,430 13,020 27,040 2,345 56.6 IV* 6,840 7,325 14,217 11,255 1,450 12,835 27,052 2,395 56.2 Annual Mar Proj. 27,580 28,680 56,461 44,780 5,690 51,010 107,471 9,380 227.3 Apr Proj. 27,640 28,275 56,115 44,780 5,655 50,973 107,088 9,355 227.7 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2019 Annual 116.78 47.95 88.6 89.2 94.0 18.63 2020 I 118.32 42.52 83.5 97.4 133.1 18.83 II 105.79 38.96 67.0 103.7 119.6 15.37 III 101.74 40.50 66.7 111.3 89.0 19.07 IV 108.18 50.75 75.7 113.6 107.2 20.00 Annual Mar Est. 108.51 43.18 73.2 106.5 112.2 18.32 Apr Est. 108.51 43.18 73.2 106.5 112.2 18.32 2021 I 112.98 55.71 84.0 110.1 127.8 17.35 II* 117.00 77.00 92.0 112.0 92.0 18.10 III* 115.00 71.00 82.0 113.0 102.0 18.60 IV* 120.00 59.00 81.0 112.0 123.0 19.50 Annual Mar Proj. 115.0 56.0 85.0 111.5 114.5 17.75 Apr Proj. 116.0 65.5 84.5 112.0 111.0 18.40 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8 -16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. April 2021 WASDE - 611 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2019 662 27,224 3,058 30,944 3,026 642 27,276 58.1 2020 Est. Mar 642 27,221 3,343 31,206 2,956 716 27,534 58.4 Apr 642 27,221 3,343 31,206 2,956 716 27,534 58.4 2021 Proj. Mar 716 27,649 2,935 31,300 3,145 650 27,505 58.0 Apr 716 27,709 2,900 31,325 3,145 650 27,530 58.1 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2019 559 27,652 945 29,156 6,321 646 22,188 52.4 2020 Est. Mar 646 28,314 904 29,865 7,282 467 22,115 52.0 Apr 646 28,314 904 29,865 7,282 467 22,115 52.0 2021 Proj. Mar 467 28,694 945 30,107 7,175 475 22,457 52.5 Apr 467 28,289 965 29,722 7,250 445 22,027 51.5 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2019 1,266 55,108 4,275 60,649 9,353 1,330 49,966 111.9 2020 Est. Mar 1,330 55,747 4,548 61,625 10,257 1,217 50,151 111.7 Apr 1,330 55,747 4,548 61,625 10,241 1,217 50,167 111.7 2021 Proj. Mar 1,217 56,554 4,162 61,934 10,328 1,158 50,448 111.8 Apr 1,217 56,208 4,141 61,566 10,400 1,128 50,038 110.9 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2019 845 43,435 131 44,411 7,103 937 36,371 95.1 2020 Est. Mar 937 44,106 145 45,188 7,371 830 36,987 96.2 Apr 937 44,106 145 45,188 7,371 830 36,987 96.2 2021 Proj. Mar 830 44,301 132 45,263 7,305 850 37,108 96.1 Apr 830 44,301 128 45,259 7,305 780 37,174 96.2 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2019 303 5,818 12 6,133 639 233 5,261 16.0 2020 Est. Mar 233 5,743 21 5,997 572 223 5,202 15.8 Apr 233 5,743 21 5,997 572 223 5,202 15.8 2021 Proj. Mar 223 5,690 21 5,934 570 230 5,134 15.5 Apr 223 5,655 20 5,898 575 230 5,093 15.3 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2019 1,153 49,781 146 51,080 7,824 1,175 42,081 112.5 2020 Est. Mar 1,175 50,398 167 51,740 8,018 1,057 42,665 113.4 Apr 1,175 50,398 167 51,740 8,018 1,057 42,665 113.4 2021 Proj. Mar 1,057 50,530 156 51,743 7,940 1,085 42,718 113.0 Apr 1,057 50,493 151 51,701 7,944 1,015 42,742 113.0 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2019 2,419 104,889 4,421 111,728 17,177 2,504 92,047 224.4 2020 Est. Mar 2,504 106,145 4,716 113,365 18,275 2,274 92,816 225.1 Apr 2,504 106,145 4,716 113,365 18,259 2,274 92,832 225.2 2021 Proj. Mar 2,274 107,084 4,318 113,677 18,268 2,243 93,166 224.8 Apr 2,274 106,701 4,292 113,267 18,344 2,143 92,780 223.9 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready- to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. April 2021 WASDE - 611 - 33 U.S. Egg Supply and Use Commodity 2018 2019 2020 Est. 2020 Est. 2021 Proj. 2021 Proj. Mar Apr Mar Apr Eggs Million Dozen Supply Beginning Stocks 23.4 22.7 31.6 31.6 24.5 24.5 Production 9,205.2 9,441.8 9,283.4 9,283.4 9,380.0 9,355.0 Imports 17.8 14.6 15.4 15.4 16.0 16.0 Total Supply 9,246.4 9,479.1 9,330.4 9,330.4 9,420.5 9,395.5 Use Exports 333.2 333.9 344.0 344.0 345.0 360.0 Hatching Use 1,057.5 1,081.2 1,077.6 1,077.6 1,080.0 1,098.0 Ending Stocks 22.7 31.6 24.5 24.5 26.0 22.0 Disappearance Total 7,833.0 8,032.5 7,884.3 7,884.3 7,969.5 7,915.5 Per Capita (number) 287.5 293.4 286.6 286.6 288.2 286.3 Tota l U.S. Milk Supply and Use Commodity 2018 2019 2020 Est. 2020 Est. 2021 Proj. 2021 Proj. Mar Apr Mar Apr Milk Billion Pounds Production 217.6 218.4 223.2 223.2 227.3 227.7 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 13.4 13.8 13.6 13.6 15.6 15.6 Marketings 216.6 217.4 222.2 222.2 226.3 226.7 Imports 6.3 6.9 6.8 6.8 6.5 6.0 Total Cml. Supply 236.2 238.1 242.6 242.6 248.4 248.3 Fat Basis Use Commercial Exports 10.4 9.1 9.3 9.3 10.4 10.7 Ending Commercial Stocks 13.8 13.6 15.6 15.6 15.5 15.1 CCC Donations 0.0 0.2 0.3 0.3 0.0 0.0 Domestic Commercial Use 212.1 215.2 217.4 217.4 222.5 222.5 Skim -solid Basis Supply Beg. Commercial Stocks 11.8 10.7 10.2 10.2 10.8 10.8 Marketings 216.6 217.4 222.2 222.2 226.3 226.7 Imports 5.5 5.8 5.6 5.6 5.5 5.3 Total Cml. Supply 233.8 233.9 238.0 238.0 242.7 242.9 Skim -solid Basis Use Commercial Exports 44.6 41.5 47.2 47.2 48.7 49.8 Ending Commercial Stocks 10.7 10.2 10.8 10.8 10.5 10.6 CCC Donations 0.0 0.2 0.1 0.1 0.0 0.0 Domestic Commercial Use 178.5 182.0 179.8 179.8 183.5 182.5 Tota l CCC Donations include purchases made through the USDA Trade Mitigation program. They do not include products purchased under other programs. Dairy domestic commercial use for 2020 includes additional milk marketed but not processed. Note: Totals may not add due to rounding. April 2021 WASDE - 611 - 34 U.S. Dairy Prices Commodity 2018 2019 2020 Est. 2020 Est. 2021 Proj. 2021 Proj. Mar Apr Mar Apr Product Prices 1/ Dollars Per Pound Cheese 1.5377 1.7586 1.9236 1.9236 1.695 1.710 Butter 2.2572 2.2431 1.5808 1.5808 1.615 1.730 Nonfat Dry Milk 0.7945 1.0419 1.0417 1.0417 1.140 1.160 Dry Whey 0.3422 0.3799 0.3621 0.3621 0.500 0.525 Filler Dollars Per Cwt Milk Prices 2/ Class III 14.61 16.96 18.16 18.16 16.75 17.10 Class IV 14.23 16.30 13.49 13.49 14.45 15.15 All Milk 3/ 16.27 18.63 18.32 18.32 17.75 18.40 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated pla nts for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . April 2021 WASDE - 611 - 35 Reliability of April Projections 1/ Note: Tables on pages 35 -37 present a record of the April projection and the final Estimate. Using world wheat production as an example, the "root mea n square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0.5 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 0.8 percent. The average difference between th e April projection and the final estimate is 2 million tons, ranging from 0.1 million to 6.8 million tons. The April projection has been below the estimate 26 times and above 13 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 0.5 0.8 2.0 0.1 6.8 26 13 U.S. 0.2 0.3 0.1 0.0 0.3 17 11 Foreign 0.6 0.9 2.0 0.2 6.8 26 13 Exports World 3.9 6.7 4.2 0.4 14.3 30 9 U.S. 2.5 4.3 0.6 0.0 2.1 16 22 Foreign 5.1 8.6 4.2 0.1 13.3 30 9 Domestic Use World 0.8 1.3 3.5 0.1 9.4 17 22 U.S. 3.2 5.4 0.8 0.0 2.2 15 24 Foreign 0.7 1.3 3.3 0.0 9.6 17 21 Ending Stocks World 3.2 5.4 4.0 0.0 14.5 28 10 U.S. 8.2 13.9 0.9 0.0 4.1 26 13 Foreign 3.5 5.9 3.5 0.0 12.6 29 9 COARSE GRAINS 2/ Production World 1.1 1.8 9.1 0.3 42.1 32 7 U.S. 0.2 0.3 0.1 0.0 1.8 17 8 Foreign 1.5 2.6 9.2 0.3 42.1 32 7 Exports World 4.7 8.0 4.9 0.1 21.8 28 11 U.S. 6.7 11.4 2.8 0.0 7.2 22 17 Foreign 7.4 12.6 4.7 0.3 21.2 30 9 Domestic Use World 0.9 1.5 6.4 0.0 20.3 18 21 U.S. 2.3 4.0 3.2 0.1 16.8 14 25 Foreign 1.0 1.7 6.1 0.2 22.7 24 15 Ending Stocks World 9.7 16.5 12.6 0.2 144.9 33 6 U.S. 11.1 18.9 3.6 0.0 12.1 19 20 Foreign 12.3 20.8 10.9 0.5 144.9 33 6 RICE, milled Production World 1.3 2.2 3.3 0.0 13.3 31 8 U.S. 1.3 2.3 0.0 0.0 0.2 11 5 Foreign 1.3 2.2 3.3 0.0 13.3 31 8 Exports World 7.9 13.4 1.5 0.1 4.5 30 9 U.S. 6.4 10.8 0.1 0.0 0.5 17 19 Foreign 8.8 14.9 1.4 0.0 4.4 30 9 Domestic Use World 1.1 1.8 3.0 0.1 13.7 28 11 U.S. 7.1 12.0 0.2 0.0 0.5 15 23 Foreign 1.1 1.8 2.9 0.2 13.4 28 11 Ending Stocks World 8.2 13.8 4.3 0.1 26.1 27 12 U.S. 18.7 31.8 0.2 0.0 0.4 22 17 Foreign 8.5 14.4 4.3 0.1 26.1 26 13 1/ Footnotes at end of table. CONTINUED April 2021 WASDE - 611 - 36 Reliability of April Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 1.6 2.8 2.5 0.2 7.9 22 17 U.S. 1.4 2.3 0.6 0.0 3.2 16 16 Foreign 2.7 4.6 2.3 0.0 8.1 24 15 Exports World 5.1 8.7 2.8 0.1 13.2 25 14 U.S. 5.6 9.6 1.4 0.0 6.3 27 12 Foreign 11.6 19.6 2.5 0.2 15.9 22 17 Domestic Use World 1.8 3.0 2.6 0.0 10.3 21 18 U.S. 2.2 3.8 0.8 0.1 2.4 26 13 Foreign 2.2 3.7 2.3 0.0 10.4 19 20 Ending Stocks World 11.3 19.2 3.3 0.3 12.0 22 17 U.S. 34.6 58.7 1.7 0.1 6.8 14 25 Foreign 12.5 21.2 3.0 0.0 12.8 25 14 COTTON Million 480 -Pound Bales Production World 1.6 2.7 1.1 0.0 5.2 29 9 U.S. 0.3 0.5 0.0 0.0 0.2 17 14 Foreign 1.9 3.2 1.1 0.0 5.1 28 10 Exports World 4.1 7.0 1.0 0.1 4.2 25 14 U.S. 4.7 7.9 0.4 0.0 1.4 17 19 Foreign 5.2 8.8 0.8 0.1 3.9 24 15 Domestic Use World 2.1 3.5 1.5 0.0 8.5 22 17 U.S. 6.4 10.9 0.2 0.0 0.8 18 17 Foreign 2.1 3.5 1.5 0.2 7.8 22 17 Ending Stocks World 7.0 11.8 2.9 0.0 8.3 26 13 U.S. 13.8 23.4 0.4 0.0 1.6 16 23 Foreign 7.5 12.7 2.8 0.1 8.0 24 15 1/ Marketing years 1981/82 through 2019/20 for grains, soybeans (U.S. only), and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2018/19, and for 2019/20 the last mon th’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. April 2021 WASDE - 611 - 37 Reliability of United States April Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 0.2 0.3 4 0 72 1 3 Exports 6.8 11.5 100 13 248 19 20 Domestic Use 2.2 3.7 112 5 474 15 24 Ending Stocks 12.7 21.6 145 3 470 19 20 SORGHUM Production 0.1 0.2 0 0 4 0 2 Exports 11.9 20.1 20 0 72 27 11 Domestic Use 9.7 16.4 22 0 158 15 22 Ending Stocks 38.2 64.8 21 0 148 17 21 BARLEY Production 0.8 1.3 1 0 11 18 4 Exports 14.0 23.7 3 0 13 10 23 Domestic Use 5.0 8.5 10 0 64 17 19 Ending Stocks 11.6 19.6 12 0 52 25 13 OATS Production 0.3 0.6 0 0 2 4 4 Exports 32.9 55.8 0 0 3 6 6 Domestic Use 4.0 6.8 8 0 26 12 25 Ending Stocks 14.3 24.3 9 1 30 25 14 SOYBEAN MEAL Thousand Short Tons Production 2.7 4.6 835 35 2,667 30 9 Exports 8.0 13.6 547 25 2,326 31 8 Domestic Use 2.2 3.7 491 100 2,066 27 12 Ending Stocks 34.7 59.0 70 0 253 15 22 SOYBEAN OIL Million Pounds Production 2.6 4.5 398 15 1,058 30 9 Exports 15.5 26.3 222 0 650 26 12 Domestic Use 1.9 3.3 246 0 576 23 15 Ending Stocks 17.2 29.1 235 5 753 25 14 ANIMAL PROD. Million Pounds Beef 2.3 4.0 483 19 1,388 24 15 Pork 2.1 3.6 307 10 983 24 15 Broilers 1.3 2.3 301 6 895 26 13 Turkeys 2.5 4.3 101 3 398 19 20 Million Dozen Eggs 1.6 2.8 92 10 433 27 12 Billion Pounds Milk 1.1 1.9 1.4 0.0 5.2 19 19 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2019/20 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2019/20. Calendar years 1982 through 2019 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2019. WASDE- 611-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WA SDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. I PAD is located at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 NOTE TO USERS Changes to WASDE starting May: Starting with the May 12, 2021 release (issue No. 612), the following changes will be made to the World Agricultural Supply and Demand Estimates (WASDE) report: • U.S. Soybeans and Products Supply and Use (page 15): “Biofuel” will replace “Biodiesel” in the soybean oil section, reflecting recent changes to the monthly biofuels data reported by the U.S. Energy Information Administration. The WASDE will follow soybean oil used for biofuel as reported in the Monthly Biofuels Capacity and Feedstocks Update - Table 2C (PDF, 287 KB). • World Soybean Meal Supply and Use (page 29): Soybean meal supply and use for China will be presented separately. • The U.S. Rice Supply and Use table (page 14): The table will include separate categories for U.S. imports of long- grain and combined medium and short -grain rice. The addition is made due to the significant rise in U.S. imports of long- grain and medium - and short -grain rice over the past decade. • The United Kingdom officially left the European Union on January 1, 2021; the trade bloc now has 27 member states instead of 28. Beginning with the January 2021 WASDE report, the heading for the EU -28 region will change from “European Union” to “EU -27+UK”. Starting May 2021, (when projections for the new Marketing Year are released), the UK data will be disaggregated from the regional total and presented separately in the report, where applicable. The May WASDE template will be posted on the WASDE report page by April 30 For c omplete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ To subscribe to receive WASDE -related notifications by email or text message visit https://public.govdelivery.com/accounts/USDAOC/subscriber/new?topic_id=USDAOC_223 . Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at 202 -720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE -611 – April 9, 2021 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202 - 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250 -9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and e mployer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 623 Approved by the World Agricultural Outlook Board April 8, 2022 NOTE: Russia’s recent military action in Ukraine significantly increased the uncertainty of agricultural supply and demand conditions in the region and globally. The April WASDE represents an ongoing assessment of the short -term impacts as a result of this act ion. WHEAT: The outlook for 2021/22 U.S. wheat this month is for stable supplies, lower domestic use, reduced exports, and higher ending stocks. Annual feed and residual use is lowered 10 million bushels to 100 million. The NASS Grain Stocks report, issued March 31, implied less feed and residual disappearance for the third quarter that was partially offset by an upward revision to this category in the second quarter. Exports are lowered 15 million bushels to 785 million as the U.S. remains uncompetitive to most mar kets a nd exports would be the lowest since 2015/16. Projected 2021/22 ending stocks are raised 25 million bushels to 678 million but are still 20 percent lower than last year. The projected season- average farm price (SAFP) is raised $0.10 per bushel to $ 7.60 on NASS prices reported to date and expectations for cash and futures prices for the remainder of 2021/22. This would be the highest SAFP since 2012/13. The global wheat outlook for 2021/22 is for slightly higher supplies, increased consumption, lower trade, and reduced ending stocks. Supplies are increased by 0.7 million tons to 1,069.5 million on a combination of higher beginning stocks for Pakistan, Brazil, and Saudi Arabia and higher production for Pakistan and Argentina more than offsetting low er EU production. Projected 2021/22 world consumption is raised 3.8 million tons to 791.1 million primarily on higher food, seed, and industrial (FSI) use for India. Based on greater offtake from government stocks to food distribution programs, India’s F SI is raised 4.4 million tons to a record 100.9 million. Projected 2021/22 global trade is lowered 3.0 million tons to 200.1 million as lower exports by the EU, Ukraine, the United States, and Kazakhstan are not completely offset by higher exports by R ussia, Brazil, and Argentina. EU exports are reduced 3.5 million tons to 34.0 million on a lower -than- expected pace. Russia’s exports are raised 1.0 million tons to 33.0 million as it continues to export at competitive prices. Ukraine’s exports are lowered 1.0 million tons to 19.0 million as its Black Sea ports remain closed since the invasion by Russia in February. The majority of Ukraine’s exports have already been shipped with limited additional amounts expected for the remainder of 2021/22. Project ed 2021/22 world ending stocks are lowered 3.1 million tons to 278.4 million with India accounting for most of the reduction that is only partially offset by higher EU stocks. Global stocks are projected at a 5-year low. COARSE GRAINS: This month’s 2021/22 U.S. corn outlook is for offsetting changes to feed and residual use and corn used for ethanol production, with unchanged ending stocks. Feed and residual use is lowered 25 million bushels to 5.625 billion based on indicated WASDE- 623-2 disappearance during the December -February quarter. Corn used to produce ethanol is raised 25 million bushels based on the most recent data from the Grain Crushings and Co- Products Production report, and the pace of weekly ethanol production during March as indicated by Energy Information Administration data. With offsetting use changes, ending stocks are unchanged at 1.440 billion bushels. The season- average farm price is raised 15 cents to $5.80 per bushel based on observed prices to date. Global coarse grain production f or 2021/22 is forecast 2.7 million tons higher to 1,501.6 million. This month’s 2021/22 foreign coarse grain outlook is for higher production, reduced trade, and larger ending stocks relative to last month. Foreign corn production is forecast higher with increases for Brazil, Indonesia, Pakistan, and the EU. For Brazil, production is raised reflecting increased area; yield expectations are essentially unchanged this month as much of the second crop will enter the critical phase of development during Apri l. Indonesia corn production is higher as greater area more than offsets a slight reduction to yield. Corn production is raised for the EU, mostly reflecting increases for Germany, Romania, and the Czech Republic. Foreign barley production is lower with reductions for the EU and Tunisia. Major global trade changes include lower forecast corn exports for Ukraine, Serbia, and Paraguay, with increases for Brazil, Canada, and India. Corn imports are lowered for China, Chile, and Bangladesh, but raised for Iran. Foreign corn ending stocks are higher, mostly reflecting increases for Ukraine, Serbia, the EU, and Indonesia that are partly offset by a reduction for Canada. Global corn ending stocks, at 305.5 million tons, are up 4.5 million from last month. RICE : This month’s supply and demand outlook for 2021/22 U.S. rice is unchanged from last month but there are offsetting by -class changes for domestic use and residual. Based on the NASS Rice Stocks report, long -grain domestic use is raised 2.0 million c wt to 115.0 million and medium - and short -grain is reduced 2.0 million cwt to 30.5 million. The season- average farm price for all rice is lowered $0.20 per cwt to $15.70 on lower -than-expected prices reported by NASS for February for long- grain and expect ations regarding prices and marketings for the remainder of 2021/22. The 2021/22 global outlook is for lower supplies, increased trade, fractionally higher use, and reduced ending stocks. Global production is decreased by 1.0 million tons to 513.0 millio n, primarily on a lower estimate for Indonesia. Indonesia’s 2021/22 rice production is lowered 1.0 million tons to 34.4 million, on lower area for its main- season rice crop that was mostly harvested in February and March. Global trade in 2021/22 is raise d 1.1 million tons to 52.5 million, with increased exports for India, Burma, Pakistan, and Thailand. India’s rice exports for 2021/22 are increased 0.5 million tons to a record 21.0 million on a strong pace of exports to date. China’s imports are increas ed 0.6 million tons to 5.2 million in 2021/22 based mostly on a continued strong pace of broken rice imports, which are mostly expected for feed use. Total global use is raised 0.1 million tons million tons to 511.2 million, as increases for China and the Philippines offset a decrease for Indonesia. World ending stocks are projected 1.7 million tons lower to 188.8 million, primarily on decreases for Indonesia and India. Despite the reduction, ending stocks would still be a record high, led by China and I ndia which would hold 60 and 22 percent of global ending stocks respectively. OILSEEDS : U.S. soybean supply and use changes for 2021/22 include increased exports and seed use, and lower ending stocks. Soybean exports are raised 25 million bushels to WASDE- 623-3 2.12 billion, partly offsetting lower exports from Brazil, Ukraine, and Russia. Seed use is raised in line with record soybean plantings indicated in the March 31 Prospective Plantings report. Soybean ending stocks are projected at 260 million bushels, down 25 million from last month. Soybean oil changes include increased exports and lower ending stocks. Despite relatively high soybean oil prices, export sales have been stronger than expected through March. A lower soybean meal export forecast is offset by slightly higher domestic disappearance. The season- average soybean price forecast is unchanged this month at $13.25 per bushel. Soybean meal prices are also unchanged at $420 per short ton. The soybean oil price is projected at 70.0 cents per pound, up 2 cents. The 2021/22 global soybean supply and demand forecasts include lower product ion, crush, trade, and ending stocks. Global soybean production is reduced 3.1 million tons to 350.7 million on lower crops for Brazil and Paraguay. Soybean crush is lowered for Paraguay on lower supplies and reduced for China on the current pace to date. China’s soybean imports are also lowered 3 million tons to 91 million. Lower soybean exports for Brazil, Paraguay, Russia, and Ukraine are partly offset by higher U.S. shipments. Global soybean stocks are lowered 0.4 million tons to 89.6 million mainl y on lower U.S. and Argentine stocks. Another notable oilseed change this month includes lower sunflower seed crush for Ukraine, leading to lower meal and oil supplies for major markets like India, China, the EU, and Turkey. Partly offsetting these decli nes are higher palm and rapeseed oil imports for China, higher soybean oil imports for India, higher soybean meal imports for Turkey, and higher soybean imports for the EU. SUGAR: USDA projects that decreases in 2021/22 U.S. sugar supply combined with an increase in use lowers ending stocks to 1,566,978 short tons, raw value (STRV) for an ending stocks -to-use ratio of 12.53 percent. U.S. sugar supply for 2021/22 is decreased 60,343 STRV as decreases in sugar production are only mildly offset by an inc rease in high -tier tariff imports. Beet sugar production is decreased by 50,670 STRV to 5,338,098. About half of the reduction is attributable to lower production expected out of Michigan due to increased beet pile shrink reported by processors this mont h and fewer sugarbeets imported from Canada for processing than originally expected. With production in the Red River Valley region expected to run unusually long into the first week of June, production is reduced marginally to reflect increased risk to sugarbeets stored in increasingly warmer conditions. Also, production in California is expected to be slightly lower than originally forecast. Beet campaigns in the Pacific Northwest and Great Plains are planned to be over by the date of this WASDE and their production estimates made in late March have been incorporated into projected beet sugar production. Florida sugar production is decreased 22,335 STRV to 1,937,235 based on lower sucrose recovery from processors’ continuing analyses of the effect of late January freezes on the crop. Texas sugar production is reduced by 2,000 STRV to 128,000 based on processor reporting. High -tier tariff imports are increased by 14,662 STRV on recorded entries of raw sugar in the first two months of 2022. Projected high-tier tariff imports of refined sugar are unchanged from last month. WASDE- 623-4 U.S. sugar deliveries for human consumption are increased by 65,000 STRV to 12,365,000 based on strong to- date deliveries by beet processors and on higher -than-expected direct consumption imports though the end of February. Sugar production for 2021/22 in Mexico is increased by 187,690 metric tons (MT) to 6,166,690. Analysis of production data through week 26 (March 26) of the campaign implies that sugarcane yield and sucrose recov ery will likely be higher than forecast but area harvest is likely to be about 10,000 hectares lower. The new forecast for yield is 69.038 MT per hectare; recovery is 11.29 percent; and area harvested is 791,383 hectares. This projection is close to the third estimate recently released by CONADESUCA in Mexico. They estimate production at 6,174,813 MT. They project a higher area harvested than USDA, a lower yield, and about the same level of recovery. Sugar exports are projected to increase by the same amount as the production increase. Exports under license to the United States are unchanged from last month. LIVESTOCK, POULTRY, AND DAIRY : The 2022 forecast for total red meat and poultry production is lowered from last month, as reduced forecasts for pork and poultry offset a higher forecast for beef. The beef production forecast is raised from the previous month as higher expected first quarter placements support larger fed cattle slaughter and more non -fed cattle slaughter is expected. Pork production is lowered based on the Quarterly Hogs and Pigs report, released on March 30, which estimated the March 1 inventory and indicated producers’ intentions to reduce farrowings in March- May. Broiler production is reduced on lower expected sl aughter in the first quarter. No changes are made to production in the outlying quarters. Turkey meat production is lowered as Highly Pathogenic Avian Influenza (HPAI) discoveries to date are resulting in tighter supplies of turkeys. Egg production is a lso lowered as HPAI detections to date have affected the laying flock. For 2022, beef im ports are forecast higher from last month based on recent trade data. Pork imports are raised while exports are reduced on tight supplies and strong domestic prices. The broiler export forecast is raised as import demand has been strong in the early part of the year. The turkey export forecast is reduced as HPAI discoveries are resulting in restrictions from areas affected by outbreaks. Fed-cattle prices are unchanged from last month. Hog prices are raised on tighter supplies and continued strength in demand. Broiler prices are raised on current prices and continued strength in demand. Turkey and egg price forecasts are raised on current prices and expected tighter supplies. The milk production forecast for 2022 is raised on higher dairy cow numbers. The fat basis import forecast is lowered on lower expected imports of cheese and butterfat products, while exports are raised on stronger cheese and butter shipments. On a skim -solids basis, the import forecast is raised as imports of milk proteins are projected to more than offset weaker projected cheese imports. Exports are raised on higher projected shipments for whey and skim milk powder. Price forecasts for cheese and butt er were raised from the previous month on tighter stocks and firm demand. Non-fat dry milk prices were raised fractionally while whey prices were lowered, as U.S. prices are expected to become competitive with international prices. With the higher cheese price more than offsetting a lower whey price, the Class III price is raised. WASDE- 623-5 The Class IV price is raised on higher butter and nonfat dry milk. The 2022 all milk price forecast is increased to $25.80 per cwt. COTTON : The U.S. cotton 2021/22 supply and demand forecasts are unchanged from last month. The marketing year price received by upland cotton producers is projected at a record 91 cents per pound, up 1 cent, reflecting recent high prices. The February 2022 uplan d farm price reached a record 100 cents per pound. Month- to-month changes in the global 2021/22 cotton estimates are also small, with higher production and lower consumption resulting in an 800,000- bale increase in ending stocks, to 83.4 million. Product ion is forecast 340,000 bales higher, with increases for Pakistan and Greece. A 500,000- bale decline in China’s expected consumption resulted in a similar decline in the global estimate, which now stands at 124.1 million. A 300,000- bale decline in both C hina’s and Pakistan’s import forecasts are only partly offset by a 150,000- bale increase for Turkey. World trade is projected about 450,000 bales lower this month, with exports projected lower for India, Brazil, and Malaysia. Approved by the Secretary of Agriculture and t he Chairman of the World Agricultural Outlook Board, Mark Jekanowski , (202) 720- 6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: SETH MEYER SECRETARY OF AGRICULTURE DESIGNATE WASDE- 623-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone, ICEC Chair, WAOB, [email protected] Andrew Sowell , ERS; Rachel Trego, FAS; Pete Riley, FPAC. Rice: Mark Simone, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS; Pete Riley , FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Michael McConnell, ERS; Yoonhee Macke, FAS; Sharon Raszap, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Maria B ukowski, ERS; Bill George, FAS; Gustavo Ferreira, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; Graham Soley, FAS; Kent Lanclos, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Vida Abadam, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Jacob Vuillemin, FAS; Georgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Grace Grossen, ERS; Claire Mezoughem, FAS; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Georgi Gabrielyan, FPAC. In 2022 the WASDE report will be released on May 12, Jun 10, Jul 12, Aug 12, Sep 12, Oct 12, Nov 9, and Dec 9 . WASDE- 623-7 T A B L E OF C O N T E N T S Page Highlights ................................ ................................ ................................ ............. 1 Interagency Commodity Estimates Committees ................................ .................... 6 World & U.S. Supply & Use for Grains ................................ ................................ .. 8 World & U.S. Supply & Use for Cotton ................................ ................................ .. 9 World & U.S. Supply & Use for Oilseeds ................................ ............................ 10 U.S. Wheat Supply & Use ................................ ................................ .................. 11 U.S. Wheat Supply & Use by Class ................................ ................................ .... 11 U.S. Feed Grain & Corn Supply & Use ................................ ............................... 12 U.S. Sorghum, Barley & Oats Supply & Use ................................ ....................... 13 U.S. Rice Supply & Use ................................ ................................ ..................... 14 U.S. Soybeans & Products Supply & Use ................................ ........................... 15 U.S. Sugar Supply & Use ................................ ................................ ................... 16 Mexico Sugar Supply and Use ................................ ................................ ........... 16 U.S. Cotton Supply & Use ................................ ................................ .................. 17 World Wheat Supply & Use ................................ ................................ ................ 18 World Coarse Grains Supply & Use ................................ ................................ .... 20 World Corn Supply & Use ................................ ................................ .................. 22 World Rice Supply & Use ................................ ................................ ................... 24 World Cotton Supply & Use ................................ ................................ ................ 26 World Soybean Supply & Use ................................ ................................ ............ 28 World Soybean Meal Supply & Use ................................ ................................ .... 29 World Soybean Oil Supply & Use ................................ ................................ ....... 30 U.S. Quarterly Animal Product Production ................................ .......................... 31 U.S. Quarterly Prices for Animal Products ................................ .......................... 31 U.S. Meats Supply and Use ................................ ................................ ............... 32 U.S. Egg Supply & Use ................................ ................................ ...................... 33 U.S. Milk Supply and Use ................................ ................................ .................. 33 U.S. Dairy Prices ................................ ................................ ............................... 34 Reliability Tables ................................ ................................ ................................ 35 Related USDA Reports ................................ ................................ ...................... 38 Metric Conversion Factors ................................ ................................ ................. 38 Electronic Access and Subscriptions ...................................................................... 40 April 2022 WASDE - 623 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2019/20 2678.88 3488.55 448.03 2673.36 815.18 2020/21 (Est.) 2721.70 3536.88 485.74 2737.89 798.99 filler filler filler filler filler 2021/22 (Proj.) Mar 2791.48 3589.97 504.47 2791.88 798.09 2021/22 (Proj.) Apr 2793.41 3592.40 499.49 2794.93 797.47 filler filler filler filler filler Wheat 2019/20 762.37 1043.58 193.87 746.75 296.83 2020/21 (Est.) 776.26 1073.09 202.64 782.43 290.67 filler filler filler filler filler 2021/22 (Proj.) Mar 778.52 1068.80 203.11 787.28 281.51 2021/22 (Proj.) Apr 778.83 1069.50 200.10 791.08 278.42 filler filler filler filler filler Coarse Grains 5/ 2019/20 1417.68 1769.53 210.73 1432.82 336.72 2020/21 (Est.) 1436.59 1773.31 232.34 1451.96 321.35 filler filler filler filler filler 2021/22 (Proj.) Mar 1498.89 1819.60 250.02 1493.54 326.06 2021/22 (Proj.) Apr 1501.55 1822.90 246.93 1492.66 330.24 filler filler filler filler filler Rice, milled 2019/20 498.82 675.43 43.43 493.79 181.64 2020/21 (Est.) 508.84 690.48 50.76 503.50 186.98 filler filler filler filler filler 2021/22 (Proj.) Mar 514.07 701.58 51.34 511.06 190.52 2021/22 (Proj.) Apr 513.03 700.01 52.46 511.19 188.82 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2019/20 417.89 516.29 79.82 355.75 80.73 2020/21 (Est.) 429.86 516.87 107.45 351.02 58.40 filler filler filler filler filler 2021/22 (Proj.) Mar 449.59 513.99 96.15 359.84 58.00 2021/22 (Proj.) Apr 449.59 513.99 95.71 359.80 58.48 filler filler filler filler filler Wheat 2019/20 52.58 84.79 26.37 30.44 27.99 2020/21 (Est.) 49.75 80.46 26.99 30.48 23.00 filler filler filler filler filler 2021/22 (Proj.) Mar 44.79 70.38 21.77 30.84 17.77 2021/22 (Proj.) Apr 44.79 70.38 21.36 30.56 18.45 filler filler filler filler filler Coarse Grains 5/ 2019/20 359.43 423.01 50.46 320.73 51.83 2020/21 (Est.) 372.89 427.19 77.48 315.70 34.01 filler filler filler filler filler 2021/22 (Proj.) Mar 398.71 435.17 71.65 324.38 39.13 2021/22 (Proj.) Apr 398.71 435.17 71.62 324.62 38.93 filler filler filler filler filler Rice, milled 2019/20 5.88 8.49 2.99 4.59 0.91 2020/21 (Est.) 7.22 9.22 2.98 4.85 1.39 filler filler filler filler filler 2021/22 (Proj.) Mar 6.09 8.45 2.73 4.62 1.10 2021/22 (Proj.) Apr 6.09 8.45 2.73 4.62 1.10 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and mille d rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). April 2022 WASDE - 623 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2019/20 2,260.99 2,972.25 368.21 2,317.61 734.46 2020/21 (Est.) 2,291.83 3,020.01 378.29 2,386.86 740.59 filler filler filler filler filler 2021/22 (Proj.) Mar 2,341.90 3,075.98 408.32 2,432.04 740.10 2021/22 (Proj.) Apr 2,343.82 3,078.41 403.78 2,435.13 738.99 filler filler filler filler filler Wheat 2019/20 709.79 958.79 167.50 716.32 268.85 2020/21 (Est.) 726.51 992.63 175.66 751.95 267.67 filler filler filler filler filler 2021/22 (Proj.) Mar 733.73 998.42 181.34 756.45 263.74 2021/22 (Proj.) Apr 734.04 999.12 178.74 760.52 259.97 filler filler filler filler filler Coarse Grains 5/ 2019/20 1,058.25 1,346.52 160.28 1,112.09 284.89 2020/21 (Est.) 1,063.70 1,346.11 154.86 1,136.26 287.33 filler filler filler filler filler 2021/22 (Proj.) Mar 1,100.19 1,384.43 178.37 1,169.16 286.93 2021/22 (Proj.) Apr 1,102.85 1,387.73 175.31 1,168.04 291.30 filler filler filler filler filler Rice, milled 2019/20 492.95 666.94 40.44 489.21 180.73 2020/21 (Est.) 501.62 681.26 47.77 498.65 185.60 filler filler filler filler filler 2021/22 (Proj.) Mar 507.98 693.13 48.61 506.44 189.43 2021/22 (Proj.) Apr 506.94 691.56 49.73 506.57 187.72 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2019/20 121.02 201.25 41.08 103.73 97.05 2020/21 (Est.) 111.81 208.86 48.53 122.01 87.35 filler filler filler filler filler 2021/22 (Proj.) Mar 119.85 207.17 46.27 124.54 82.57 2021/22 (Proj.) Apr 120.20 207.55 45.83 124.07 83.38 filler filler filler filler filler United States 2019/20 19.91 24.77 15.51 2.15 7.25 2020/21 (Est.) 14.61 21.86 16.37 2.40 3.15 filler filler filler filler filler 2021/22 (Proj.) Mar 17.62 20.78 14.75 2.55 3.50 2021/22 (Proj.) Apr 17.62 20.78 14.75 2.55 3.50 filler filler filler filler filler Foreign 4/ 2019/20 101.11 176.48 25.56 101.58 89.80 2020/21 (Est.) 97.20 187.00 32.15 119.61 84.20 filler filler filler filler filler 2021/22 (Proj.) Mar 102.23 186.39 31.52 121.99 79.07 2021/22 (Proj.) Apr 102.57 186.77 31.08 121.52 79.88 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. April 2022 WASDE - 623 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2019/20 581.13 716.24 190.95 508.06 114.09 2020/21 (Est.) 605.68 719.76 191.43 507.98 117.56 filler filler filler filler filler 2021/22 (Proj.) Mar 601.62 716.98 181.32 514.01 104.34 2021/22 (Proj.) Apr 599.21 716.77 177.68 510.54 106.41 filler filler filler filler filler Oilmeals 2019/20 346.47 366.59 95.74 340.36 20.24 2020/21 (Est.) 348.32 368.56 96.69 344.42 18.68 filler filler filler filler filler 2021/22 (Proj.) Mar 351.08 369.24 95.39 346.97 16.81 2021/22 (Proj.) Apr 348.79 367.48 94.68 344.59 17.31 filler filler filler filler filler Vegetable Oils 2019/20 207.23 234.47 87.24 201.75 28.43 2020/21 (Est.) 206.51 234.94 85.30 204.99 26.67 filler filler filler filler filler 2021/22 (Proj.) Mar 211.44 237.31 87.00 209.08 24.17 2021/22 (Proj.) Apr 212.04 238.71 85.61 208.92 26.07 filler filler filler filler filler United States Output Total Supply Trade Total Use 2 / Ending Stocks Oilseeds 2019/20 106.98 134.74 46.97 63.04 15.96 2020/21 (Est.) 124.49 141.66 62.64 62.66 8.61 filler filler filler filler filler 2021/22 (Proj.) Mar 130.59 140.26 57.86 64.11 9.33 2021/22 (Proj.) Apr 130.59 140.21 58.57 64.11 8.66 filler filler filler filler filler Oilmeals 2019/20 48.76 53.31 12.83 40.09 0.39 2020/21 (Est.) 48.25 53.01 12.71 39.92 0.39 filler filler filler filler filler 2021/22 (Proj.) Mar 49.32 53.26 13.31 39.51 0.44 2021/22 (Proj.) Apr 49.27 53.26 13.11 39.71 0.44 filler filler filler filler filler Vegetable Oils 2019/20 12.64 18.71 1.50 16.00 1.21 2020/21 (Est.) 12.70 18.86 1.04 16.53 1.29 filler filler filler filler filler 2021/22 (Proj.) Mar 13.09 19.43 0.94 17.21 1.28 2021/22 (Proj.) Apr 13.09 19.50 0.99 17.25 1.26 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2019/20 474.15 581.51 143.98 445.03 98.13 2020/21 (Est.) 481.18 578.10 128.79 445.32 108.95 filler filler filler filler filler 2021/22 (Proj.) Mar 471.03 576.72 123.46 449.90 95.00 2021/22 (Proj.) Apr 468.62 576.56 119.11 446.43 97.75 filler filler filler filler filler Oilmeals 2019/20 297.71 313.29 82.91 300.27 19.85 2020/21 (Est.) 300.08 315.55 83.98 304.50 18.29 filler filler filler filler filler 2021/22 (Proj.) Mar 301.76 315.98 82.08 307.46 16.38 2021/22 (Proj.) Apr 299.52 314.22 81.56 304.88 16.87 filler filler filler filler filler Vegetable Oils 2019/20 194.59 215.76 85.74 185.75 27.22 2020/21 (Est.) 193.81 216.08 84.26 188.47 25.37 filler filler filler filler filler 2021/22 (Proj.) Mar 198.35 217.88 86.06 191.87 22.89 2021/22 (Proj.) Apr 198.95 219.21 84.62 191.67 24.80 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. April 2022 WASDE - 623 - 11 U.S. Wheat Supply and Use 1/ 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Mar Apr Million Acres Area Planted 45.5 44.5 46.7 46.7 Area Harvested 37.4 36.8 37.2 37.2 Bushels Yield per Harvested Acre 51.7 49.7 44.3 44.3 Million Bushels Beginning Stocks 1,080 1,028 845 845 Production 1,932 1,828 1,646 1,646 Imports 104 100 95 95 Supply, Total 3,116 2,957 2,586 2,586 Food 962 961 959 959 Seed 62 64 64 64 Feed and Residual 95 95 110 100 Domestic, Total 1,118 1,120 1,133 1,123 Exports 969 992 800 785 Use, Total 2,087 2,111 1,933 1,908 Ending Stocks 1,028 845 653 678 Avg. Farm Price ($/bu) 2/ 4.58 5.05 7.50 7.60 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2020/21 (Est.) Beginning Stocks 506 280 105 95 42 1,028 Production 659 531 266 303 69 1,828 Supply, Total 3/ 1,169 858 376 404 148 2,957 Domestic Use 402 339 222 64 93 1,120 Exports 340 284 69 270 28 992 Use, Total 742 623 291 334 121 2,111 Ending Stocks, Total 428 235 85 70 27 845 2021/22 (Proj.) Beginning Stocks 428 235 85 70 27 845 Production 749 297 361 201 37 1,646 Supply, Total 3/ 1,182 572 451 276 105 2,586 Domestic Use 507 243 229 80 65 1,123 Exports 310 205 110 145 15 785 Use, Total 817 448 339 225 80 1,908 Ending Stocks, Total Apr 366 124 112 51 25 678 Ending Stocks, Total Mar 356 124 97 51 25 653 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. April 2022 WASDE - 623 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Mar Apr Million Acres Area Planted 100.6 102.3 105.9 105.9 Area Harvested 89.1 90.6 94.5 94.5 Metric Tons Yield per Harvested Acre 4.03 4.11 4.22 4.22 Million Metric Tons Beginning Stocks 60.5 51.8 34.0 34.0 Production 359.2 372.6 398.5 398.5 Imports 2.8 2.2 2.2 2.2 Supply, Total 422.4 426.6 434.6 434.6 Feed and Residual 154.3 146.3 147.6 147.1 Food, Seed & Industrial 165.9 168.9 176.3 177.0 Domestic, Total 320.2 315.2 323.9 324.1 Exports 50.4 77.5 71.6 71.6 Use, Total 370.6 392.6 395.5 395.7 Ending Stocks 51.8 34.0 39.1 38.9 CORN 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. March April Million Acres Area Planted 89.7 90.7 93.4 93.4 Area Harvested 81.3 82.3 85.4 85.4 Bushels Yield per Harvested Acre 167.5 171.4 177.0 177.0 Million Bushels Beginning Stocks 2,221 1,919 1,235 1,235 Production 13,620 14,111 15,115 15,115 Imports 42 24 25 25 Supply, Total 15,883 16,055 16,375 16,375 Feed and Residual 5,900 5,598 5,650 5,625 Food, Seed & Industrial 2/ 6,286 6,470 6,785 6,810 Ethanol & by -products 3/ 4,857 5,033 5,350 5,375 Domestic, Total 12,186 12,068 12,435 12,435 Exports 1,777 2,753 2,500 2,500 Use, Total 13,963 14,821 14,935 14,935 Ending Stocks 1,919 1,235 1,440 1,440 Avg. Farm Price ($/bu) 4/ 3.56 4.53 5.65 5.80 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx . 3/ Corn processed in ethanol plants to produce ethanol and by- products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. April 2022 WASDE - 623 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Mar Apr Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 5.3 5.9 7.3 7.3 Area Harvested (mil. acres) 4.7 5.1 6.5 6.5 Yield (bushels/acre) 73.0 73.2 69.0 69.0 Beginning Stocks 64 30 20 20 Production 341 373 448 448 Imports 0 0 0 0 Supply, Total 405 403 468 468 Feed and Residual 97 92 115 115 Food, Seed & Industrial 75 7 10 15 Total Domestic 172 99 125 130 Exports 203 284 310 310 Use, Total 375 383 435 440 Ending Stocks 30 20 33 28 Avg. Farm Price ($/bu) 2/ 3.34 5.04 5.80 5.85 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. March April Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.8 2.7 2.7 2.7 Area Harvested (mil. acres) 2.2 2.2 1.9 1.9 Yield (bushels/acre) 77.7 77.2 60.4 60.4 Beginning Stocks 87 80 71 71 Production 172 171 118 118 Imports 7 7 11 11 Supply, Total 266 258 200 200 Feed and Residual 38 26 15 20 Food, Seed & Industrial 142 147 115 115 Total Domestic 180 172 130 135 Exports 6 14 11 9 Use, Total 186 186 141 144 Ending Stocks 80 71 59 56 Avg. Farm Price ($/bu) 2/ 4.69 4.75 5.25 5.25 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. March April Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.8 3.0 2.6 2.6 Area Harvested (mil. acres) 0.8 1.0 0.7 0.7 Yield (bushels/acre) 64.3 65.1 61.3 61.3 Beginning Stocks 38 37 38 38 Production 53 66 40 40 Imports 92 85 77 77 Supply, Total 183 188 155 155 Feed and Residual 63 68 45 45 Food, Seed & Industrial 82 78 80 80 Total Domestic 144 147 125 125 Exports 2 3 2 3 Use, Total 146 150 127 128 Ending Stocks 37 38 28 27 Avg. Farm Price ($/bu) 2/ 2.82 2.77 4.20 4.30 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. April 2022 WASDE - 623 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Mar Apr Million Acres Area Planted 2.55 3.04 2.53 2.53 Area Harvested 2.48 2.99 2.49 2.49 Fil ler Pounds Yield per Harvested Acre 7,473 7,619 7,709 7,709 Million Hundredweight Beginning Stocks 2/ 44.9 28.7 43.7 43.7 Production 185.1 227.5 191.8 191.8 Imports 37.3 34.1 30.5 30.5 Supply, Total 267.3 290.2 266.0 266.0 Domestic & Residual 3/ 144.4 152.7 145.5 145.5 Exports, Total 4/ 94.2 93.9 86.0 86.0 Rough 31.3 34.6 34.0 34.0 Milled (rough equiv.) 62.9 59.3 52.0 52.0 Use, Total 238.6 246.6 231.5 231.5 Ending Stocks 28.7 43.7 34.5 34.5 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 13.60 14.40 15.90 15.70 Total LONG -GRAIN RICE 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. March April Harvested Acres (mil.) 1.73 2.30 1.94 1.94 Yield (pounds/acre) 7,261 7,422 7,471 7,471 Beginning Stocks 32.6 16.9 29.7 29.7 Imports 29.8 27.4 24.0 24.0 Production 125.6 170.8 144.6 144.6 Supply, Total 7/ 188.0 215.1 198.4 198.4 Domestic & Residual 3/ 106.3 120.2 113.0 115.0 Exports 8/ 64.8 65.1 64.0 64.0 Use, Total 171.1 185.3 177.0 179.0 Ending Stocks 16.9 29.7 21.4 19.4 Avg. Farm Price ($/cwt) 6/ 12.00 12.60 14.00 13.80 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. March April Harvested Acres (mil.) 0.75 0.69 0.55 0.55 Yield (pounds/acre) 7,964 8,282 8,543 8,543 Beginning Stocks 10.2 10.7 11.5 11.5 Imports 7.6 6.7 6.5 6.5 Production 59.5 56.7 47.2 47.2 Supply, Total 7/ 78.3 72.7 65.1 65.1 Domestic & Residual 3/ 38.2 32.4 32.5 30.5 Exports 8/ 29.4 28.8 22.0 22.0 Use, Total 67.6 61.2 54.5 52.5 Ending Stocks 10.7 11.5 10.6 12.6 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 18.20 20.10 21.60 21.50 California 10/ 21.60 22.60 25.00 25.00 Other States 1/ 11.60 13.00 14.40 14.00 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2017/18 -1.4; 2018/19-2.1; 2019/20 -1.0. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kerne l and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farm ers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The California medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the r ice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. 10/ Marketing year beginning October 1. April 2022 WASDE - 623 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Mar Apr Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 76.1 83.4 87.2 87.2 Area Harvested 74.9 82.6 86.3 86.3 Fil ler Bushels Yield per Harvested Acre 47.4 51.0 51.4 51.4 Million Bushels Beginning Stocks 909 525 257 257 Production 3,552 4,216 4,435 4,435 Imports 15 20 15 15 Supply, Total 4,476 4,761 4,707 4,707 Crushings 2,165 2,141 2,215 2,215 Exports 1,679 2,261 2,090 2,115 Seed 97 101 102 106 Residual 11 1 15 12 Use, Total 3,952 4,504 4,422 4,447 Ending Stocks 525 257 285 260 Avg. Farm Price ($/bu) 2/ 8.57 10.80 13.25 13.25 Total SOYBEAN OIL 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. March April Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,775 1,853 2,131 2,131 Production 4/ 24,911 25,023 26,205 26,205 Imports 320 302 450 450 Supply, Total 27,006 27,177 28,786 28,786 Domestic Disappearance 22,317 23,323 25,085 25,085 Biofuel 3/ 8,658 8,850 10,700 10,700 Food, Feed & other Industrial 13,659 14,473 14,385 14,385 Exports 2,837 1,723 1,625 1,725 Use, Total 25,154 25,046 26,710 26,810 Ending stocks 1,853 2,131 2,076 1,976 Avg. Price (c/lb) 2/ 29.65 56.87 68.00 70.00 Total SOYBEAN MEAL 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. March April Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 402 341 341 341 Production 4/ 51,100 50,565 51,909 51,859 Imports 639 783 450 500 Supply, Total 52,142 51,689 52,700 52,700 Domestic Disappearance 37,967 37,580 37,900 38,100 Exports 13,834 13,768 14,400 14,200 Use, Total 51,801 51,348 52,300 52,300 Ending Stocks 341 341 400 400 Avg. Price ($/s.t.) 2/ 299.50 392.31 420.00 420.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects soybean oil used for biofuels as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,134 million bushels for 2020/21 and 2,215 million bushels for 2021/22. April 2022 WASDE - 623 - 16 U.S. Sugar Supply and Use 1/ 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Mar Apr Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,783 1,618 1,705 1,705 Production 2/ 8,149 9,233 9,384 9,309 Beet Sugar 4,351 5,092 5,389 5,338 Cane Sugar 3,798 4,141 3,996 3,971 Florida 2,106 2,090 1,960 1,937 Louisiana 1,566 1,918 1,906 1,906 Texas 126 134 130 128 Imports 4,165 3,195 3,043 3,058 TRQ 3/ 2,152 1,749 1,568 1,568 Other Program 4/ 432 292 250 250 Other 5/ 1,581 1,154 1,225 1,240 Mexico 1,376 968 1,050 1,050 Total Supply 14,097 14,046 14,132 14,072 Exports 61 49 35 35 Deliveries 12,344 12,252 12,405 12,470 Food 12,246 12,135 12,300 12,365 Other 6/ 98 116 105 105 Miscellaneous 74 40 0 0 Total Use 12,479 12,341 12,440 12,505 Ending Stocks 1,618 1,705 1,692 1,567 Stocks to Use Ratio 13.0 13.8 13.6 12.5 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2020/21 and 2021/22 are based on Crop Production and/or processor projections/industry data and/or s ugar ICEC analysis where appropriate. 3/ For 2020/21, WTO raw sugar TRQ shortfall (114) and for 2021/22 (230). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Imports from Mexico; and high- tier tariff sugar and syrups not otherwise specified -- for 2019/20 (206), 2020/21 (186), and 2021/22 (190). 6/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Tota l refiner license transfers for SCP and POLY inclusive of WASDE -reported deliveries: 2019/20 -- 298; estimated 2020/21 -- 298; projected 2021/22 -- 314. Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2020/21 Est. Mar 858 5,715 65 4,420 1,165 1,053 2020/21 Est. Apr 858 5,715 65 4,420 1,165 1,053 2021/22 Proj. Mar 1,053 5,979 50 4,412 1,751 919 2021/22 Proj. Apr 1,053 6,167 50 4,412 1,939 919 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2019/20 = 1,388; Estimated 2020/21 = 1,320; Projected 2021/22 = 1,310; Estimated Oct - Feb 2022 = 516, Oct - Feb 2021 = 531. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IM MEX: 2020/21 (485 est =451 dom.+33 import); 2021/22 (497 proj = 462 dom.+35 import). Statistical Adjustments: 2020/21 (0), 2021/22 (0). April 2022 WASDE - 623 - 17 U.S. Cotton Supply and Use 1/ 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Mar Apr Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 13.74 12.09 11.22 11.22 Harvested 11.50 8.27 9.97 9.97 Fil ler Pounds Yield per Harvested Acre 831 847 849 849 Million 480 Pound Bales Beginning Stocks 4.85 7.25 3.15 3.15 Production 19.91 14.61 17.62 17.62 Imports 0.00 0.00 0.01 0.01 Supply, Total 24.77 21.86 20.78 20.78 Domestic Use 2.15 2.40 2.55 2.55 Exports, Total 15.51 16.37 14.75 14.75 Use, Total 17.66 18.77 17.30 17.30 Unaccounted 2/ -0.15 -0.06 -0.02 -0.02 Ending Stocks 7.25 3.15 3.50 3.50 Avg. Farm Price 3/ 59.6 66.3 90.0 91.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. April 2022 WASDE - 623 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 281.21 762.37 188.37 139.65 746.75 193.87 296.83 World Less China 143.12 628.77 182.99 120.65 620.75 192.82 146.82 United States 29.39 52.58 2.83 2.59 30.44 26.37 27.99 Total Foreign 251.83 709.79 185.54 137.06 716.32 167.50 268.85 Major Exporters 4/ 37.35 308.48 7.55 73.87 179.65 141.35 32.38 Argentina 1.74 19.75 0.01 0.05 6.35 12.79 2.36 Australia 4.44 14.48 0.89 4.50 8.00 9.14 2.68 Canada 6.04 32.67 0.68 4.62 9.75 24.14 5.50 European Union 5/ 15.80 138.80 5.55 45.50 107.25 39.79 13.11 Russia 7.78 73.61 0.33 17.00 40.00 34.49 7.23 Ukraine 1.56 29.17 0.09 2.20 8.30 21.02 1.50 Major Importers 6/ 179.09 201.29 122.98 37.09 297.91 13.21 192.24 Bangladesh 1.26 1.20 6.80 0.30 7.50 0.00 1.76 Brazil 1.06 5.20 7.03 0.50 12.10 0.43 0.76 China 138.09 133.60 5.38 19.00 126.00 1.05 150.02 Japan 1.08 1.10 5.68 0.65 6.37 0.29 1.21 N. Africa 7/ 15.54 18.40 27.74 1.85 46.25 1.07 14.36 Nigeria 0.20 0.06 5.34 0.05 4.90 0.40 0.30 Sel. Mideast 8/ 11.13 20.95 18.68 3.60 38.47 0.78 11.51 Southeast Asia 9/ 5.95 0.00 26.46 7.94 25.37 1.13 5.91 Selected Other India 16.99 103.60 0.02 6.00 95.40 0.51 24.70 Kazakhstan 1.71 11.45 0.58 1.30 6.10 6.99 0.66 United Kingdom 1.91 15.60 1.75 7.70 15.20 1.62 2.44 2020/21 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 296.83 776.26 194.77 157.70 782.43 202.64 290.67 World Less China 146.82 642.01 184.15 117.70 632.43 201.88 146.55 United States 27.99 49.75 2.73 2.59 30.48 26.99 23.00 Total Foreign 268.85 726.51 192.04 155.11 751.95 175.66 267.67 Major Exporters 4/ 32.38 323.59 6.66 72.83 179.43 147.50 35.70 Argentina 2.36 17.64 0.01 0.05 6.35 11.53 2.12 Australia 2.68 33.30 0.20 4.50 8.00 23.85 4.33 Canada 5.50 35.18 0.55 4.18 9.13 26.43 5.67 European Union 5/ 13.11 126.69 5.38 42.50 104.75 29.74 10.69 Russia 7.23 85.35 0.40 19.00 42.50 39.10 11.38 Ukraine 1.50 25.42 0.13 2.60 8.70 16.85 1.51 Major Importers 6/ 192.24 201.19 124.86 57.38 323.67 12.62 182.00 Bangladesh 1.76 1.18 7.20 0.50 8.00 0.00 2.14 Brazil 0.76 6.25 6.40 0.40 11.90 0.93 0.58 China 150.02 134.25 10.62 40.00 150.00 0.76 144.12 Japan 1.21 1.00 5.49 0.65 6.25 0.30 1.15 N. Africa 7/ 14.36 16.60 28.50 1.75 46.82 0.80 11.84 Nigeria 0.30 0.06 6.59 0.05 5.55 0.60 0.79 Sel. Mideast 8/ 11.51 20.62 17.74 3.54 38.95 0.62 10.30 Southeast Asia 9/ 5.91 0.00 25.64 7.09 24.85 1.14 5.56 Selected Other India 24.70 107.86 0.02 6.50 102.22 2.56 27.80 Kazakhstan 0.66 14.26 1.00 1.45 6.25 8.19 1.48 United Kingdom 2.44 9.66 3.22 5.96 13.46 0.45 1.42 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, M orocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2022 WASDE - 623 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Mar 290.27 778.52 201.27 162.14 787.28 203.11 281.51 Apr 290.67 778.83 197.15 162.23 791.08 200.10 278.42 World Less China Mar 146.15 641.58 191.77 127.14 639.78 202.21 139.35 Apr 146.55 641.88 187.65 127.23 643.58 199.20 136.25 United States Mar 23.00 44.79 2.59 2.99 30.84 21.77 17.77 Apr 23.00 44.79 2.59 2.72 30.56 21.36 18.45 Total Foreign Mar 267.27 733.73 198.69 159.15 756.45 181.34 263.74 Apr 267.67 734.04 194.57 159.51 760.52 178.74 259.97 Major Exporters 4/ Mar 35.96 325.61 6.00 77.55 184.05 146.50 37.02 Apr 35.70 325.53 5.70 78.55 184.95 143.50 38.48 Argentina Mar 2.12 20.50 0.00 0.05 6.55 14.00 2.08 Apr 2.12 21.00 0.00 0.05 6.45 14.50 2.18 Australia Mar 4.33 36.30 0.20 5.50 9.00 27.50 4.33 Apr 4.33 36.30 0.20 5.50 9.00 27.50 4.33 Canada Mar 5.69 21.65 0.60 4.50 9.50 15.50 2.94 Apr 5.67 21.65 0.60 4.50 9.50 15.50 2.92 European Union 5/ Mar 10.93 139.00 4.80 45.50 107.65 37.50 9.58 Apr 10.69 138.42 4.50 46.00 108.25 34.00 11.36 Russia Mar 11.38 75.16 0.30 18.50 41.75 32.00 13.09 Apr 11.38 75.16 0.30 18.50 41.75 33.00 12.09 Ukraine Mar 1.51 33.00 0.10 3.50 9.60 20.00 5.01 Apr 1.51 33.00 0.10 4.00 10.00 19.00 5.61 Major Importers 6/ Mar 181.56 204.60 134.05 55.11 326.60 13.42 180.19 Apr 182.00 204.60 131.35 54.29 324.63 14.22 179.11 Bangladesh Mar 2.14 1.13 7.50 0.60 8.50 0.00 2.27 Apr 2.14 1.13 7.50 0.60 8.50 0.00 2.27 Brazil Mar 0.43 7.70 6.70 0.80 12.50 1.70 0.63 Apr 0.58 7.70 6.50 0.50 11.80 2.50 0.48 China Mar 144.12 136.95 9.50 35.00 147.50 0.90 142.17 Apr 144.12 136.95 9.50 35.00 147.50 0.90 142.17 Japan Mar 1.05 1.10 5.60 0.63 6.30 0.30 1.15 Apr 1.15 1.10 5.40 0.70 6.25 0.30 1.10 N. Africa 7/ Mar 11.84 21.59 28.20 1.97 47.92 0.61 13.10 Apr 11.84 21.59 28.20 1.97 47.62 0.61 13.40 Nigeria Mar 0.79 0.09 6.20 0.05 5.85 0.60 0.63 Apr 0.79 0.09 6.20 0.05 5.85 0.60 0.63 Sel. Mideast 8/ Mar 10.10 16.49 24.35 4.07 39.60 0.71 10.64 Apr 10.30 16.49 23.15 3.97 39.30 0.71 9.93 Southeast Asia 9/ Mar 5.56 0.00 26.40 7.70 25.64 1.16 5.16 Apr 5.56 0.00 26.20 7.50 25.54 1.16 5.06 Selected Other India Mar 27.80 109.59 0.03 7.00 103.50 8.50 25.42 Apr 27.80 109.59 0.03 7.00 107.91 8.50 21.00 Kazakhstan Mar 1.48 11.81 1.40 1.25 6.05 7.40 1.24 Apr 1.48 11.81 1.40 1.45 6.25 7.00 1.44 United Kingdom Mar 1.42 14.00 2.30 7.35 15.30 0.70 1.72 Apr 1.42 14.00 2.30 7.35 15.30 0.70 1.72 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina , Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam , Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2022 WASDE - 623 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 351.85 1,417.68 204.98 884.20 1,432.82 210.73 336.72 World Less China 141.19 1,148.62 187.50 682.48 1,136.61 210.69 135.76 United States 60.47 359.43 3.11 154.53 320.73 50.45 51.83 Total Foreign 291.38 1,058.25 201.87 729.67 1,112.09 160.28 284.89 Major Exporters 4/ 19.49 307.77 4.59 134.48 179.12 128.50 24.24 Argentina 3.50 57.94 0.02 12.12 17.58 39.31 4.57 Australia 2.43 12.00 0.01 5.66 7.55 3.87 3.01 Brazil 5.67 105.82 2.32 61.71 72.84 35.14 5.82 Canada 3.29 28.61 1.92 17.23 24.93 4.91 3.98 Russia 1.22 40.50 0.18 22.29 31.39 8.63 1.87 Ukraine 2.04 46.55 0.03 8.99 11.99 34.08 2.55 Major Importers 5/ 37.34 248.31 142.37 293.19 375.33 15.98 36.71 European Union 6/ 14.51 152.82 19.42 119.90 158.94 13.65 14.16 Japan 1.75 0.23 17.63 13.91 17.87 0.00 1.74 Mexico 5.78 32.10 17.60 30.83 50.31 1.03 4.14 N. Afr & Mideast 7/ 7.39 33.22 41.65 64.98 73.45 0.69 8.12 Saudi Arabia 1.70 0.20 11.22 11.05 11.40 0.00 1.72 Southeast Asia 8/ 3.38 29.40 18.20 38.50 46.55 0.61 3.82 South Korea 1.86 0.28 11.98 9.55 12.09 0.00 2.02 Selected Other China 210.66 269.07 17.48 201.72 296.21 0.04 200.96 2020/21 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 336.72 1,436.59 233.64 902.54 1,451.96 232.34 321.35 World Less China 135.76 1,167.51 183.11 681.59 1,138.85 232.34 113.89 United States 51.83 372.89 2.48 146.49 315.70 77.48 34.01 Total Foreign 284.89 1,063.70 231.17 756.05 1,136.26 154.86 287.33 Major Exporters 4/ 24.24 296.09 5.48 133.66 179.76 126.26 19.79 Argentina 4.57 60.00 0.02 11.28 17.01 45.55 2.02 Australia 3.01 16.69 0.00 5.13 7.00 10.36 2.33 Brazil 5.82 90.96 3.35 62.52 73.96 21.04 5.14 Canada 3.98 29.64 1.90 16.73 24.68 7.23 3.61 Russia 1.87 41.40 0.09 21.47 31.04 10.42 1.90 Ukraine 2.55 39.59 0.07 9.25 12.41 28.15 1.65 Major Importers 5/ 36.71 253.29 136.90 294.73 377.11 13.22 36.57 European Union 6/ 14.16 155.35 15.87 120.29 159.67 11.45 14.26 Japan 1.74 0.23 16.98 13.45 17.29 0.00 1.66 Mexico 4.14 32.66 17.15 30.34 49.84 0.51 3.60 N. Afr & Mideast 7/ 8.12 33.30 38.06 63.09 71.30 0.69 7.50 Saudi Arabia 1.72 0.19 10.03 10.25 10.61 0.00 1.33 Southeast Asia 8/ 3.82 31.25 22.54 43.32 51.60 0.57 5.44 South Korea 2.02 0.22 11.80 9.47 12.03 0.00 2.02 Selected Other China 200.96 269.08 50.53 220.95 313.11 0.01 207.46 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, an d Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indone sia, Malaysia, Philippines, Thailand, and Vietnam. April 2022 WASDE - 623 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Mar 320.70 1,498.89 235.00 922.82 1,493.54 250.02 326.06 Apr 321.35 1,501.55 231.43 920.60 1,492.66 246.93 330.24 World Less China Mar 113.25 1,218.04 187.65 688.67 1,168.99 249.97 115.00 Apr 113.89 1,220.70 187.08 689.45 1,171.11 246.88 119.18 United States Mar 34.01 398.71 2.44 147.76 324.38 71.65 39.13 Apr 34.01 398.71 2.44 147.23 324.62 71.62 38.93 Total Foreign Mar 286.69 1,100.19 232.55 775.07 1,169.16 178.37 286.93 Apr 287.33 1,102.85 228.99 773.37 1,168.04 175.31 291.30 Major Exporters 4/ Mar 19.70 331.38 6.64 141.68 186.85 149.40 21.47 Apr 19.79 333.38 6.64 144.08 189.25 147.20 23.35 Argentina Mar 1.86 62.39 0.01 11.96 17.63 44.80 1.82 Apr 2.02 62.39 0.01 11.96 17.63 44.80 1.98 Australia Mar 2.33 18.10 0.00 5.50 7.38 11.28 1.78 Apr 2.33 18.10 0.00 5.50 7.38 11.28 1.78 Brazil Mar 5.22 118.02 2.50 65.09 77.03 43.03 5.69 Apr 5.14 120.02 2.50 65.59 77.53 44.53 5.62 Canada Mar 3.61 24.21 3.96 17.55 24.85 4.25 2.69 Apr 3.61 24.21 3.96 17.15 24.45 5.05 2.29 Russia Mar 1.90 38.54 0.10 21.23 29.91 9.23 1.40 Apr 1.90 38.54 0.10 21.23 29.91 9.23 1.40 Ukraine Mar 1.65 53.27 0.03 12.94 16.02 33.61 5.32 Apr 1.65 53.27 0.03 15.24 18.32 29.11 7.52 Major Importers 5/ Mar 36.08 248.02 138.43 292.29 375.58 14.32 32.64 Apr 36.57 247.76 138.63 291.14 374.33 14.31 34.32 European Union 6/ Mar 14.06 154.82 16.50 118.85 158.47 12.73 14.17 Apr 14.26 154.08 16.30 117.25 156.87 12.72 15.05 Japan Mar 1.75 0.25 17.24 13.83 17.77 0.00 1.46 Apr 1.66 0.25 17.22 13.71 17.55 0.00 1.57 Mexico Mar 3.60 33.35 18.05 30.99 50.54 0.60 3.86 Apr 3.60 33.35 18.05 30.99 50.54 0.60 3.86 N. Afr & Mideast 7/ Mar 7.50 29.20 41.49 62.75 71.45 0.42 6.33 Apr 7.50 28.98 41.91 62.92 71.62 0.42 6.36 Saudi Arabia Mar 1.33 0.20 9.71 9.46 9.81 0.00 1.43 Apr 1.33 0.20 9.71 9.46 9.81 0.00 1.43 Southeast Asia 8/ Mar 5.14 29.91 19.05 42.35 50.65 0.58 2.88 Apr 5.44 30.61 19.05 42.85 51.15 0.58 3.38 South Korea Mar 1.95 0.22 11.81 9.55 12.11 0.00 1.87 Apr 2.02 0.22 11.81 9.45 12.01 0.00 2.05 Selected Other China Mar 207.46 280.85 47.35 234.15 324.55 0.05 211.06 Apr 207.46 280.85 44.35 231.15 321.55 0.05 211.06 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit , and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Afr ica and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade ex cludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2022 WASDE - 623 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 322.41 1,120.13 167.66 716.03 1,136.17 172.25 306.37 World Less China 112.24 859.35 160.08 523.03 858.17 172.23 105.85 United States 56.41 345.96 1.06 149.87 309.55 45.13 48.76 Total Foreign 266.00 774.17 166.60 566.15 826.62 127.11 257.62 Major Exporters 4/ 9.97 219.01 1.74 88.40 110.40 106.94 13.37 Argentina 2.37 51.00 0.00 9.50 13.50 36.25 3.62 Brazil 5.31 102.00 1.66 58.50 68.50 35.14 5.33 Russia 0.38 14.28 0.05 8.80 9.80 4.07 0.83 South Africa 1.02 15.84 0.00 6.40 12.20 2.55 2.12 Ukraine 0.89 35.89 0.03 5.20 6.40 28.93 1.48 Major Importers 5/ 22.24 129.30 93.95 163.15 217.65 7.04 20.81 Egypt 1.81 6.40 10.43 14.40 16.90 0.01 1.73 European Union 6/ 7.64 66.74 17.38 59.10 79.00 5.39 7.38 Japan 1.45 0.00 15.89 12.40 15.95 0.00 1.39 Mexico 5.16 26.66 16.53 25.60 43.80 1.03 3.52 Southeast Asia 7/ 3.37 29.35 17.26 37.70 45.55 0.61 3.81 South Korea 1.84 0.08 11.88 9.50 11.80 0.00 2.00 Selected Other 0.00 Canada 1.98 13.40 1.84 8.64 13.96 0.71 2.56 China 210.18 260.78 7.58 193.00 278.00 0.01 200.53 2020/21 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2 / Exports Ending Stocks World 3/ 306.37 1,125.88 185.60 722.91 1,140.10 182.12 292.15 World Less China 105.85 865.21 156.09 519.91 855.10 182.12 86.45 United States 48.76 358.45 0.62 142.20 306.54 69.92 31.36 Total Foreign 257.62 767.43 184.99 580.72 833.56 112.20 260.79 Major Exporters 4/ 13.37 200.12 2.92 90.50 113.10 93.32 10.00 Argentina 3.62 52.00 0.01 9.50 13.50 40.94 1.18 Brazil 5.33 87.00 2.85 59.00 69.50 21.02 4.65 Russia 0.83 13.87 0.04 8.90 10.00 3.99 0.75 South Africa 2.12 16.95 0.01 7.20 13.00 3.50 2.58 Ukraine 1.48 30.30 0.02 5.90 7.10 23.86 0.83 Major Importers 5/ 20.81 132.24 92.89 164.07 219.23 4.79 21.92 Egypt 1.73 6.40 9.63 13.90 16.40 0.01 1.36 European Union 6/ 7.38 67.14 14.49 57.00 77.40 3.74 7.88 Japan 1.39 0.00 15.48 12.00 15.45 0.00 1.42 Mexico 3.52 27.35 16.50 25.60 43.80 0.48 3.08 Southeast Asia 7/ 3.81 31.20 20.69 41.65 49.70 0.57 5.44 South Korea 2.00 0.08 11.71 9.42 11.78 0.00 2.00 Selected Other 0.00 Canada 2.56 13.56 1.58 8.62 14.01 1.52 2.17 China 200.53 260.67 29.51 203.00 285.00 0.00 205.70 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting dis crepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2022 WASDE - 623 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Mar 291.45 1,206.14 185.63 753.45 1,196.62 199.90 300.97 Apr 292.15 1,210.45 182.11 752.62 1,197.15 197.00 305.46 World Less China Mar 85.74 933.59 159.63 539.45 902.62 199.88 90.73 Apr 86.45 937.90 159.11 541.62 906.15 196.98 95.22 United States Mar 31.36 383.94 0.64 143.52 315.86 63.50 36.57 Apr 31.36 383.94 0.64 142.88 315.86 63.50 36.57 Total Foreign Mar 260.09 822.20 185.00 609.93 880.76 136.40 264.40 Apr 260.79 826.51 181.47 609.73 881.28 133.50 268.89 Major Exporters 4/ Mar 9.91 240.43 2.07 98.30 121.60 117.20 13.61 Apr 10.00 242.43 2.07 101.10 124.40 114.20 15.89 Argentina Mar 1.02 53.00 0.01 10.00 14.00 39.00 1.03 Apr 1.18 53.00 0.01 10.00 14.00 39.00 1.19 Brazil Mar 4.73 114.00 2.00 61.50 72.50 43.00 5.23 Apr 4.65 116.00 2.00 62.00 73.00 44.50 5.15 Russia Mar 0.75 15.23 0.05 9.80 10.90 4.50 0.63 Apr 0.75 15.23 0.05 9.80 10.90 4.50 0.63 South Africa Mar 2.58 16.30 0.00 7.30 13.30 3.20 2.38 Apr 2.58 16.30 0.00 7.30 13.30 3.20 2.38 Ukraine Mar 0.83 41.90 0.02 9.70 10.90 27.50 4.35 Apr 0.83 41.90 0.02 12.00 13.20 23.00 6.55 Major Importers 5/ Mar 21.35 133.82 91.20 166.10 221.55 6.08 18.74 Apr 21.92 135.22 91.20 166.40 221.75 6.08 20.51 Egypt Mar 1.36 6.40 9.70 13.70 16.20 0.01 1.25 Apr 1.36 6.40 9.70 13.70 16.20 0.01 1.25 European Union 6/ Mar 7.63 69.80 15.00 59.20 79.80 4.90 7.73 Apr 7.88 70.50 15.00 59.20 79.80 4.90 8.68 Japan Mar 1.47 0.01 15.60 12.30 15.85 0.00 1.22 Apr 1.42 0.01 15.60 12.20 15.65 0.00 1.37 Mexico Mar 3.08 27.60 17.30 26.00 44.20 0.60 3.18 Apr 3.08 27.60 17.30 26.00 44.20 0.60 3.18 Southeast Asia 7/ Mar 5.14 29.86 17.40 40.90 48.95 0.58 2.87 Apr 5.44 30.56 17.40 41.40 49.45 0.58 3.37 South Korea Mar 1.93 0.08 11.70 9.50 11.85 0.00 1.86 Apr 2.00 0.08 11.70 9.40 11.75 0.00 2.03 Selected Other Canada Mar 2.17 13.98 3.80 11.80 17.00 1.00 1.95 Apr 2.17 13.98 3.80 11.40 16.60 1.80 1.55 China Mar 205.70 272.55 26.00 214.00 294.00 0.02 210.24 Apr 205.70 272.55 23.00 211.00 291.00 0.02 210.24 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2022 WASDE - 623 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 176.61 498.82 42.34 493.79 43.43 181.64 World Less China 61.61 352.09 39.74 348.56 40.83 65.14 United States 1.42 5.88 1.19 4.59 2.99 0.91 Total Foreign 175.18 492.95 41.16 489.21 40.44 180.73 Major Exporters 4/ 36.69 183.69 0.66 149.30 30.51 41.22 Burma 1.06 12.65 0.00 10.40 2.30 1.01 India 29.50 118.87 0.00 101.95 12.52 33.90 Pakistan 0.95 7.41 0.01 3.40 3.82 1.15 Thailand 4.08 17.66 0.25 12.30 5.71 3.98 Vietnam 1.10 27.10 0.40 21.25 6.17 1.18 Major Importers 5/ 127.77 239.80 13.92 249.85 3.18 128.46 China 115.00 146.73 2.60 145.23 2.60 116.50 European Union 6/ 1.14 1.99 1.96 3.39 0.53 1.16 Indonesia 4.06 34.70 0.55 36.00 0.00 3.31 Nigeria 1.22 5.04 1.40 6.85 0.00 0.81 Philippines 3.52 11.93 2.45 14.30 0.00 3.60 Sel. Mideast 7/ 0.89 2.34 3.97 5.98 0.00 1.22 Selected Other 0.00 Brazil 0.24 7.60 0.90 7.30 1.22 0.21 C. Amer & Carib 8/ 0.61 1.63 1.87 3.41 0.04 0.66 Egypt 0.95 4.30 0.30 4.30 0.02 1.23 Japan 2.05 7.61 0.71 8.35 0.03 1.98 Mexico 0.15 0.18 0.80 0.94 0.02 0.18 South Korea 1.09 3.74 0.45 4.10 0.06 1.14 2020/21 Est. Beginning Stocks Productio n Imports Total /2 Domestic Exports Ending Stocks World 3/ 181.64 508.84 46.32 503.50 50.76 186.98 World Less China 65.14 360.54 42.11 353.20 48.53 70.48 United States 0.91 7.22 1.08 4.85 2.98 1.39 Total Foreign 180.73 501.62 45.24 498.65 47.77 185.60 Major Exporters 4/ 41.22 191.63 2.01 149.57 38.31 46.98 Burma 1.01 12.60 0.00 10.55 1.90 1.16 India 33.90 124.37 0.00 101.07 20.20 37.00 Pakistan 1.15 8.42 0.01 3.80 3.88 1.90 Thailand 3.98 18.86 0.20 12.70 6.06 4.28 Vietnam 1.18 27.38 1.80 21.45 6.27 2.64 Major Importers 5/ 128.46 239.90 16.99 255.02 2.71 127.62 China 116.50 148.30 4.22 150.29 2.22 116.50 European Union 6/ 1.16 1.93 1.72 3.40 0.45 0.97 Indonesia 3.31 34.50 0.65 35.40 0.00 3.06 Nigeria 0.81 4.89 2.20 7.10 0.00 0.80 Philippines 3.60 12.42 2.20 14.45 0.00 3.76 Sel. Mideast 7/ 1.22 2.31 3.25 5.83 0.00 0.95 Selected Other 0.00 Brazil 0.21 8.00 0.61 7.35 0.90 0.58 C. Amer & Carib 8/ 0.66 1.59 1.62 3.29 0.04 0.54 Egypt 1.23 4.00 0.22 4.30 0.01 1.15 Japan 1.98 7.57 0.65 8.20 0.11 1.89 Mexico 0.18 0.20 0.81 0.96 0.02 0.21 South Korea 1.14 3.51 0.43 4.00 0.05 1.02 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. April 2022 WASDE - 623 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Mar 187.51 514.07 50.07 511.06 51.34 190.52 Apr 186.98 513.03 51.42 511.19 52.46 188.82 World Less China Mar 71.01 365.08 45.47 356.22 49.09 77.52 Apr 70.48 364.04 46.22 355.75 50.21 75.82 United States Mar 1.39 6.09 0.97 4.62 2.73 1.10 Apr 1.39 6.09 0.97 4.62 2.73 1.10 Total Foreign Mar 186.12 507.98 49.10 506.44 48.61 189.43 Apr 185.60 506.94 50.45 506.57 49.73 187.72 Major Exporters 4/ Mar 46.98 197.19 0.81 152.75 39.65 52.58 Apr 46.98 197.19 1.01 152.75 40.75 51.68 Burma Mar 1.16 12.60 0.00 10.65 1.90 1.22 Apr 1.16 12.60 0.00 10.65 2.10 1.02 India Mar 37.00 129.00 0.00 103.50 20.50 42.00 Apr 37.00 129.00 0.00 103.50 21.00 41.50 Pakistan Mar 1.90 8.70 0.01 4.10 4.15 2.35 Apr 1.90 8.70 0.01 4.10 4.35 2.15 Thailand Mar 4.28 19.70 0.20 13.00 6.60 4.58 Apr 4.28 19.70 0.20 13.00 6.80 4.38 Vietnam Mar 2.64 27.19 0.60 21.50 6.50 2.43 Apr 2.64 27.19 0.80 21.50 6.50 2.63 Major Importers 5/ Mar 128.16 242.84 19.08 261.11 2.72 126.26 Apr 127.62 241.83 20.10 261.51 2.72 125.33 China Mar 116.50 148.99 4.60 154.84 2.25 113.00 Apr 116.50 148.99 5.20 155.44 2.25 113.00 European Union 6/ Mar 1.16 1.85 1.93 3.44 0.44 1.06 Apr 0.97 1.84 2.10 3.44 0.44 1.03 Indonesia Mar 3.41 35.40 0.60 35.60 0.00 3.81 Apr 3.06 34.40 0.75 35.20 0.00 3.01 Nigeria Mar 0.80 5.00 2.20 7.20 0.00 0.80 Apr 0.80 5.00 2.20 7.20 0.00 0.80 Philippines Mar 3.76 12.40 3.00 14.95 0.00 4.21 Apr 3.76 12.40 3.20 15.15 0.00 4.21 Sel. Mideast 7/ Mar 0.95 2.15 3.75 5.83 0.00 1.02 Apr 0.95 2.15 3.75 5.83 0.00 1.02 Selected Other Brazil Mar 0.58 7.28 0.68 7.45 0.80 0.28 Apr 0.58 7.14 0.80 7.40 0.78 0.34 C. Amer & Carib 8/ Mar 0.54 1.61 1.83 3.36 0.02 0.59 Apr 0.54 1.61 1.83 3.36 0.02 0.59 Egypt Mar 1.15 2.90 0.90 4.25 0.01 0.70 Apr 1.15 2.90 0.90 4.25 0.01 0.70 Japan Mar 1.87 7.56 0.69 8.20 0.07 1.85 Apr 1.89 7.56 0.69 8.20 0.11 1.83 Mexico Mar 0.21 0.19 0.80 0.97 0.01 0.22 Apr 0.21 0.18 0.80 0.97 0.01 0.21 South Korea Mar 1.02 3.88 0.44 3.95 0.06 1.34 Apr 1.02 3.88 0.44 3.95 0.06 1.34 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. April 2022 WASDE - 623 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2019/20 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 80.23 121.02 40.56 103.73 41.08 -0.06 97.05 World Less China 44.56 93.77 33.42 70.73 40.92 -0.06 60.15 United States 4.85 19.91 3/ 2.15 15.51 -0.15 7.25 Total Foreign 75.38 101.11 40.55 101.58 25.56 0.09 89.80 Major Exporters 4/ 28.29 57.40 2.92 28.89 21.15 0.02 38.53 Central Asia 5/ 2.28 5.96 3/ 3.92 1.76 0.00 2.56 Afr. Fr. Zone 6/ 1.40 5.80 3/ 0.13 4.60 0.00 2.46 S. Hemis. 7/ 15.31 16.69 0.14 3.56 11.34 0.01 17.22 Australia 1.57 0.63 3/ 0.04 1.36 0.00 0.80 Brazil 12.26 13.78 0.01 2.70 8.94 0.00 14.40 India 8.60 28.50 2.28 20.50 3.20 0.00 15.68 Major Importers 8/ 45.12 40.62 35.44 69.05 3.19 0.07 48.87 Mexico 0.69 1.57 0.59 1.48 0.66 0.03 0.69 China 35.67 27.25 7.14 33.00 0.16 0.00 36.90 European Union 9/ 0.46 2.00 0.58 0.59 1.82 0.00 0.63 Turkey 1.69 3.45 4.67 6.60 0.45 0.00 2.77 Pakistan 2.50 6.20 3.98 9.40 0.06 0.03 3.19 Indonesia 0.53 3/ 2.51 2.40 0.00 0.00 0.64 Thailand 0.20 3/ 0.70 0.79 0.00 0.01 0.10 Bangladesh 1.78 0.14 7.50 6.90 0.00 0.01 2.52 Vietnam 1.23 3/ 6.48 6.60 0.00 0.00 1.11 2020/21 Est. Beginning Stocks Productio n Imports Domestic Use Exports Loss /2 Ending Stocks World 97.05 111.81 49.06 122.01 48.53 0.03 87.35 World Less China 60.15 82.31 36.19 82.01 48.52 0.03 48.10 United States 7.25 14.61 3/ 2.40 16.37 -0.06 3.15 Total Foreign 89.80 97.20 49.05 119.61 32.15 0.09 84.20 Major Exporters 4/ 38.53 54.22 1.60 34.98 27.65 0.02 31.69 Central Asia 5/ 2.56 5.80 0.01 4.17 1.99 0.00 2.21 Afr. Fr. Zone 6/ 2.46 4.79 3/ 0.13 5.31 0.00 1.81 S. Hemis. 7/ 17.22 15.68 0.14 4.03 13.61 0.01 15.39 Australia 0.80 2.80 3/ 0.04 1.56 0.00 2.00 Brazil 14.40 10.82 0.01 3.10 11.01 0.00 11.12 India 15.68 27.60 0.84 26.00 6.19 0.00 11.94 Major Importers 8/ 48.87 39.77 45.06 80.68 3.10 0.07 49.85 Mexico 0.69 1.02 0.93 1.70 0.49 0.03 0.43 China 36.90 29.50 12.86 40.00 0.01 0.00 39.25 European Union 9/ 0.63 1.69 0.56 0.59 1.96 0.00 0.33 Turkey 2.77 2.90 5.33 7.70 0.59 0.00 2.71 Pakistan 3.19 4.50 5.33 10.70 0.03 0.03 2.27 Indonesia 0.64 3/ 2.31 2.45 0.01 0.00 0.50 Thailand 0.10 3/ 0.60 0.61 0.00 0.01 0.08 Bangladesh 2.52 0.15 8.75 8.50 0.00 0.01 2.90 Vietnam 1.11 3/ 7.31 7.30 0.00 0.00 1.12 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. April 2022 WASDE - 623 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2021/22 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Mar 87.32 119.85 46.28 124.54 46.27 0.07 82.57 Apr 87.35 120.20 45.80 124.07 45.83 0.07 83.38 World Less China Mar 48.07 92.85 36.78 85.04 46.19 0.07 46.40 Apr 48.10 93.20 36.60 85.07 45.76 0.07 47.00 United States Mar 3.15 17.62 0.01 2.55 14.75 -0.02 3.50 Apr 3.15 17.62 0.01 2.55 14.75 -0.02 3.50 filler filler filler filler filler filler filler Total Foreign Mar 84.17 102.23 46.27 121.99 31.52 0.10 79.07 Apr 84.20 102.57 45.80 121.52 31.08 0.09 79.88 Major Exporters 4/ Mar 31.69 59.56 1.88 35.38 27.39 0.02 30.33 Apr 31.69 59.56 1.88 35.38 26.99 0.02 30.73 Central Asia 5/ Mar 2.21 5.68 0.02 4.38 1.55 0.00 1.97 Apr 2.21 5.68 0.02 4.38 1.55 0.00 1.97 Afr. Fr. Zone 6/ Mar 1.81 6.16 3/ 0.13 6.24 0.00 1.59 Apr 1.81 6.16 3/ 0.13 6.24 0.00 1.59 S. Hemis. 7/ Mar 15.39 20.77 0.16 4.22 13.65 0.01 18.44 Apr 15.39 20.77 0.16 4.22 13.55 0.01 18.53 Australia Mar 2.00 5.50 3/ 0.04 4.40 0.00 3.07 Apr 2.00 5.50 3/ 0.04 4.40 0.00 3.07 filler filler filler filler filler filler filler Brazil Mar 11.12 13.20 0.03 3.20 8.00 0.00 13.14 Apr 11.12 13.20 0.03 3.20 7.90 0.00 13.24 India Mar 11.94 26.50 1.10 26.00 5.50 0.00 8.04 Apr 11.94 26.50 1.10 26.00 5.20 0.00 8.34 Major Importers 8/ Mar 49.83 39.44 41.89 82.40 2.67 0.08 46.02 Apr 49.85 39.77 41.42 81.91 2.73 0.07 46.32 Mexico Mar 0.43 1.20 1.08 2.00 0.25 0.03 0.43 Apr 0.43 1.22 1.05 2.00 0.25 0.03 0.42 China Mar 39.25 27.00 9.50 39.50 0.08 0.00 36.18 Apr 39.25 27.00 9.20 39.00 0.08 0.00 36.38 European Union 9/ Mar 0.32 1.48 0.60 0.61 1.62 0.00 0.17 Apr 0.33 1.59 0.60 0.61 1.69 0.00 0.23 Turkey Mar 2.71 3.80 5.30 8.50 0.65 0.00 2.66 Apr 2.71 3.80 5.45 8.50 0.65 0.00 2.81 Pakistan Mar 2.27 5.80 5.30 11.20 0.05 0.03 2.09 Apr 2.27 6.00 5.00 11.20 0.05 0.03 1.99 Indonesia Mar 0.50 3/ 2.50 2.50 0.01 0.00 0.49 Apr 0.50 3/ 2.50 2.50 0.01 0.00 0.49 Thailand Mar 0.08 3/ 0.70 0.68 0.00 0.02 0.09 Apr 0.08 3/ 0.70 0.69 0.00 0.01 0.09 Bangladesh Mar 2.90 0.15 8.30 8.80 0.00 0.01 2.54 Apr 2.90 0.15 8.30 8.80 0.00 0.01 2.54 Vietnam Mar 1.12 3/ 7.50 7.50 0.00 0.00 1.13 Apr 1.12 3/ 7.50 7.50 0.00 0.00 1.13 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. April 2022 WASDE - 623 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 115.24 339.97 165.12 312.31 358.32 165.17 96.84 World Less China 95.79 321.88 66.58 220.81 249.12 165.08 70.05 United States 24.74 96.67 0.42 58.91 61.85 45.70 14.28 Total Foreign 90.50 243.30 164.70 253.40 296.47 119.47 82.56 Major Exporters 3/ 62.60 189.54 5.45 89.09 99.50 110.68 47.41 Argentina 28.89 48.80 4.88 38.77 45.92 10.00 26.65 Brazil 33.34 128.50 0.55 46.74 49.84 92.14 20.42 Paraguay 0.35 10.25 0.01 3.50 3.66 6.62 0.33 Major Importers 4/ 22.16 21.85 131.94 119.98 145.67 0.34 29.94 China 19.46 18.09 98.53 91.50 109.20 0.09 26.79 European Union 1.32 2.71 15.02 15.60 17.17 0.23 1.66 Southeast Asia 0.70 0.60 9.32 4.48 9.77 0.02 0.83 Mexico 0.44 0.24 5.74 6.00 6.05 0.00 0.37 2020/21 Est. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 96.84 367.76 165.38 315.00 362.38 164.48 103.11 World Less China 70.05 348.15 65.61 222.00 250.78 164.41 68.63 United States 14.28 114.75 0.54 58.26 61.05 61.52 6.99 Total Foreign 82.56 253.01 164.84 256.75 301.33 102.96 96.12 Major Exporters 3/ 47.41 197.31 5.85 90.21 100.84 94.81 54.92 Argentina 26.65 46.20 4.82 40.16 47.41 5.20 25.06 Brazil 20.42 139.50 1.02 46.68 49.88 81.65 29.40 Paraguay 0.33 9.90 0.01 3.30 3.47 6.33 0.44 Major Importers 4/ 29.94 23.27 133.36 122.09 148.69 0.27 37.60 China 26.79 19.60 99.76 93.00 111.60 0.07 34.48 European Union 1.66 2.60 14.79 15.80 17.37 0.19 1.49 Southeast Asia 0.83 0.58 9.62 4.74 10.04 0.01 0.99 Mexico 0.37 0.25 6.10 6.20 6.25 0.00 0.46 2021/22 Proj. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ Mar 101.74 353.80 156.73 315.26 363.68 158.63 89.96 Apr 103.11 350.72 152.92 312.91 361.88 155.29 89.58 World Less China Mar 67.26 337.40 62.73 223.26 251.98 158.53 56.87 Apr 68.63 334.32 61.92 223.91 253.18 155.19 56.50 United States Mar 6.99 120.71 0.41 60.28 63.46 56.88 7.77 Apr 6.99 120.71 0.41 60.28 63.47 57.56 7.07 Total Foreign Mar 94.75 233.09 156.32 254.98 300.22 101.75 82.19 Apr 96.12 230.01 152.51 252.63 298.40 97.73 82.51 Major Exporters 3/ Mar 53.47 177.82 3.37 88.18 98.21 93.80 42.65 Apr 54.92 174.72 2.67 88.88 99.45 90.35 42.50 Argentina Mar 25.06 43.50 2.90 40.00 47.21 2.75 21.50 Apr 25.06 43.50 2.20 40.00 47.21 2.75 20.80 Brazil Mar 27.95 127.00 0.45 46.25 48.90 85.50 21.00 Apr 29.40 125.00 0.45 47.25 50.50 82.75 21.61 Paraguay Mar 0.44 5.30 0.01 1.85 2.02 3.60 0.14 Apr 0.44 4.20 0.01 1.55 1.67 2.90 0.09 Major Importers 4/ Mar 37.64 20.19 127.66 121.45 149.30 0.34 35.86 Apr 37.60 20.20 124.56 118.60 146.34 0.34 35.68 China Mar 34.48 16.40 94.00 92.00 111.70 0.10 33.08 Apr 34.48 16.40 91.00 89.00 108.70 0.10 33.08 European Union Mar 1.57 2.74 14.50 15.70 17.37 0.23 1.21 Apr 1.49 2.74 14.55 15.80 17.42 0.23 1.13 Southeast Asia Mar 0.96 0.53 9.69 4.90 10.25 0.01 0.91 Apr 0.99 0.53 9.54 4.95 10.24 0.01 0.81 Mexico Mar 0.46 0.29 6.20 6.40 6.45 0.00 0.50 Apr 0.46 0.29 6.20 6.40 6.45 0.00 0.50 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to roundin g. April 2022 WASDE - 623 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 15.66 245.50 62.01 240.13 67.61 15.42 World Less China 15.66 173.03 61.95 168.63 66.59 15.42 United States 0.37 46.36 0.58 34.44 12.55 0.31 Total Foreign 15.29 199.14 61.43 205.69 55.06 15.11 Major Exporters 3/ 6.90 73.19 0.03 27.37 45.85 6.91 Argentina 2.99 30.24 0.00 3.20 27.46 2.57 Brazil 3.54 36.23 0.01 18.50 17.50 3.77 India 0.38 6.72 0.02 5.67 0.89 0.57 Major Importers 4/ 2.71 22.37 37.36 59.00 0.99 2.45 European Union 1.28 12.32 16.33 28.27 0.87 0.79 Mexico 0.25 4.74 1.82 6.65 0.01 0.15 Southeast Asia 5/ 1.08 3.50 17.36 20.55 0.11 1.28 China 0.00 72.47 0.05 71.51 1.01 0.00 2020/21 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 15.42 247.68 63.91 243.60 68.66 14.75 World Less China 15.42 174.02 63.84 170.92 67.61 14.75 United States 0.31 45.87 0.71 34.09 12.49 0.31 Total Foreign 15.11 201.80 63.20 209.51 56.17 14.45 Major Exporters 3/ 6.91 75.10 0.25 28.45 46.92 6.90 Argentina 2.57 31.32 0.00 3.30 28.32 2.27 Brazil 3.77 36.18 0.02 19.15 16.58 4.25 India 0.57 7.60 0.24 6.00 2.03 0.38 Major Importers 4/ 2.45 22.85 37.26 59.46 1.12 1.99 European Union 0.79 12.48 16.53 28.39 0.85 0.56 Mexico 0.15 4.90 1.85 6.75 0.01 0.15 Southeast Asia 5/ 1.28 3.69 17.05 20.71 0.27 1.05 China 0.00 73.66 0.07 72.68 1.05 0.00 2021/22 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Mar 14.37 247.55 62.92 244.10 67.78 12.96 Apr 14.75 245.64 63.38 242.75 67.81 13.21 World Less China Mar 14.37 174.69 62.86 172.07 66.88 12.96 Apr 14.75 175.16 63.32 172.91 67.11 13.21 United States Mar 0.31 47.09 0.41 34.38 13.06 0.36 Apr 0.31 47.05 0.45 34.56 12.88 0.36 Total Foreign Mar 14.06 200.46 62.51 209.72 54.72 12.60 Apr 14.45 198.59 62.93 208.19 54.93 12.85 Major Exporters 3/ Mar 6.96 75.21 0.52 29.29 46.60 6.79 Apr 6.90 75.98 0.52 29.29 47.35 6.76 Argentina Mar 2.27 31.20 0.00 3.33 28.00 2.15 Apr 2.27 31.20 0.00 3.33 28.00 2.15 Brazil Mar 4.31 35.85 0.02 19.65 16.50 4.02 Apr 4.25 36.62 0.02 19.65 17.25 3.99 India Mar 0.38 8.16 0.50 6.32 2.10 0.63 Apr 0.38 8.16 0.50 6.32 2.10 0.63 Major Importers 4/ Mar 1.76 23.14 37.28 59.49 1.06 1.62 Apr 1.99 23.25 37.43 59.82 1.01 1.83 European Union Mar 0.30 12.41 16.55 28.22 0.75 0.29 Apr 0.56 12.48 16.55 28.34 0.70 0.55 Mexico Mar 0.15 5.06 1.93 6.95 0.01 0.18 Apr 0.15 5.06 1.93 6.95 0.01 0.18 Southeast Asia 5/ Mar 1.08 3.82 17.00 20.67 0.30 0.93 Apr 1.05 3.86 17.15 20.88 0.30 0.88 China Mar 0.00 72.86 0.06 72.02 0.90 0.00 Apr 0.00 70.48 0.06 69.84 0.70 0.00 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. April 2022 WASDE - 623 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 4.66 58.52 11.52 57.11 12.36 5.24 World Less China 4.16 42.13 10.52 40.02 12.20 4.59 United States 0.81 11.30 0.15 10.12 1.29 0.84 Total Foreign 3.86 47.22 11.37 46.99 11.07 4.40 Major Exporters 3/ 1.11 20.33 0.56 12.36 8.10 1.53 Argentina 0.43 7.70 0.00 2.18 5.40 0.55 Brazil 0.32 9.00 0.07 7.75 1.16 0.48 European Union 0.28 2.96 0.48 2.38 0.91 0.44 Major Importers 4/ 1.24 19.43 7.10 25.87 0.47 1.43 China 0.50 16.40 1.00 17.09 0.16 0.65 India 0.14 1.51 3.63 5.12 0.02 0.14 North Africa 5/ 0.33 1.05 1.78 2.45 0.29 0.43 2020/21 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 5.24 59.16 11.75 58.75 12.56 4.84 World Less China 4.59 42.49 10.52 40.94 12.51 4.14 United States 0.84 11.35 0.14 10.58 0.78 0.97 Total Foreign 4.40 47.81 11.62 48.17 11.77 3.88 Major Exporters 3/ 1.53 20.54 0.74 12.48 9.02 1.31 Argentina 0.55 7.93 0.00 2.04 6.14 0.30 Brazil 0.48 8.99 0.25 7.96 1.26 0.50 European Union 0.44 3.00 0.49 2.43 1.06 0.44 Major Importers 4/ 1.43 19.87 6.74 26.59 0.21 1.24 China 0.65 16.67 1.23 17.81 0.04 0.70 India 0.14 1.71 3.25 4.94 0.01 0.15 North Africa 5/ 0.43 0.99 1.61 2.61 0.13 0.29 2021/22 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Mar 4.86 59.37 11.80 59.66 12.39 3.98 Apr 4.84 58.97 11.93 59.34 12.44 3.96 World Less China Mar 4.16 42.89 10.70 41.93 12.29 3.53 Apr 4.14 43.02 10.83 42.02 12.36 3.61 United States Mar 0.97 11.89 0.20 11.38 0.74 0.94 Apr 0.97 11.89 0.20 11.38 0.78 0.90 Total Foreign Mar 3.89 47.49 11.59 48.28 11.65 3.04 Apr 3.88 47.08 11.72 47.97 11.65 3.06 Major Exporters 3/ Mar 1.31 20.13 0.60 12.11 9.01 0.93 Apr 1.31 20.29 0.60 12.11 9.08 1.02 Argentina Mar 0.27 7.90 0.00 2.05 5.90 0.22 Apr 0.30 7.90 0.00 2.05 5.90 0.25 Brazil Mar 0.53 8.90 0.13 7.50 1.70 0.36 Apr 0.50 9.10 0.13 7.50 1.83 0.40 European Union Mar 0.44 2.98 0.48 2.51 1.05 0.34 Apr 0.44 3.00 0.48 2.51 1.05 0.36 Major Importers 4/ Mar 1.23 19.84 6.99 26.87 0.22 0.97 Apr 1.24 19.30 7.11 26.57 0.21 0.88 China Mar 0.70 16.49 1.10 17.74 0.10 0.45 Apr 0.70 15.95 1.10 17.33 0.08 0.35 India Mar 0.15 1.84 3.55 5.30 0.02 0.22 Apr 0.15 1.84 3.65 5.40 0.02 0.22 North Africa 5/ Mar 0.28 1.00 1.59 2.54 0.11 0.22 Apr 0.29 1.00 1.61 2.55 0.12 0.23 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. April 2022 WASDE - 623 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2020 Annual 27,174 28,303 55,680 44,583 5,743 50,876 106,556 9,292 223.3 2021 I 6,895 7,291 14,235 10,893 1,390 12,410 26,645 2,290 56.8 II 6,957 6,668 13,673 11,232 1,399 12,771 26,444 2,277 58.1 III 6,978 6,529 13,551 11,581 1,403 13,125 26,676 2,299 55.8 IV 7,108 7,185 14,342 11,193 1,366 12,689 27,031 2,371 55.4 Annual Mar Est. 27,937 27,673 55,802 44,898 5,558 50,991 106,793 9,238 226.3 Apr Est. 27,937 27,673 55,802 44,899 5,558 50,995 106,797 9,238 226.3 2022 I 7,020 6,910 13,973 11,025 1,370 12,525 26,498 2,295 56.2 II* 6,905 6,505 13,455 11,325 1,340 12,805 26,260 2,190 57.8 III* 7,035 6,555 13,635 11,625 1,370 13,135 26,770 2,255 56.2 IV* 6,750 7,105 13,905 11,225 1,390 12,740 26,645 2,330 56.1 Annual Mar Proj. 27,570 27,315 55,074 45,225 5,620 51,395 106,469 9,385 226.0 Apr Proj. 27,710 27,075 54,968 45,200 5,470 51,205 106,173 9,070 226.3 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2020 Annual 108.51 43.18 73.2 106.5 112.2 18.24 2021 I 112.98 55.71 84.0 110.1 127.8 17.33 II 120.75 80.92 104.4 117.7 94.2 18.67 III 123.51 76.15 105.4 129.7 120.1 18.00 IV 132.36 56.36 110.9 133.4 131.8 20.77 Annual Mar Est. 122.40 67.29 101.2 122.8 118.5 18.69 Apr Est. 122.40 67.29 101.2 122.8 118.5 18.69 2022 I 139.25 65.55 135.1 131.4 170.8 24.85 II* 139.00 80.00 159.0 135.0 155.0 26.75 III* 136.00 77.00 150.0 138.0 145.0 25.75 IV* 143.00 69.00 148.0 140.0 157.0 25.90 Annual Mar Proj. 139.5 71.0 116.5 132.0 136.5 25.05 Apr Proj. 139.5 73.0 148.0 136.0 157.0 25.80 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. April 2022 WASDE - 623 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2020 642 27,244 3,342 31,227 2,951 716 27,561 58.2 2021 Est. Mar 716 28,007 3,348 32,071 3,447 676 27,948 58.9 Apr 716 28,007 3,348 32,071 3,447 676 27,948 58.9 2022 Proj. Mar 676 27,640 3,420 31,736 3,300 650 27,786 58.4 Apr 676 27,780 3,440 31,896 3,300 665 27,931 58.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2020 646 28,318 904 29,869 7,280 467 22,121 51.7 2021 Est. Mar 467 27,688 1,180 29,335 7,030 446 21,859 51.1 Apr 467 27,688 1,180 29,335 7,030 446 21,859 51.1 2022 Proj. Mar 446 27,330 1,385 29,161 6,730 450 21,981 51.2 Apr 446 27,090 1,400 28,936 6,595 465 21,876 51.0 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2020 1,330 55,774 4,547 61,651 10,235 1,217 50,199 111.3 2021 Est. Mar 1,217 55,896 4,892 62,005 10,481 1,147 50,377 111.5 Apr 1,217 55,896 4,892 62,005 10,481 1,147 50,377 111.5 2022 Proj. Mar 1,147 55,169 5,190 61,505 10,033 1,129 50,343 111.1 Apr 1,147 55,062 5,210 61,419 9,898 1,155 50,366 111.1 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2020 937 44,106 145 45,188 7,367 830 36,991 95.8 2021 Est. Mar 830 44,418 155 45,402 7,367 705 37,329 96.5 Apr 830 44,419 155 45,403 7,367 705 37,331 96.5 2022 Proj. Mar 705 44,741 148 45,594 7,305 745 37,544 96.8 Apr 705 44,716 148 45,570 7,365 730 37,475 96.6 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2020 233 5,743 21 5,997 571 223 5,203 15.7 2021 Est. Mar 223 5,558 22 5,803 549 166 5,089 15.3 Apr 223 5,558 22 5,804 549 166 5,089 15.3 2022 Proj. Mar 166 5,620 23 5,809 460 175 5,174 15.5 Apr 166 5,470 25 5,661 375 165 5,121 15.4 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2020 1,175 50,398 167 51,740 8,013 1,057 42,670 112.9 2021 Est. Mar 1,057 50,510 180 51,748 7,961 874 42,913 113.3 Apr 1,057 50,514 180 51,751 7,961 874 42,916 113.3 2022 Proj. Mar 874 50,910 174 51,959 7,825 924 43,210 113.8 Apr 874 50,721 176 51,771 7,788 899 43,084 113.5 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2020 2,504 106,172 4,715 113,391 18,248 2,274 92,869 224.2 2021 Est. Mar 2,274 106,406 5,072 113,752 18,442 2,021 93,290 224.8 Apr 2,274 106,410 5,072 113,756 18,442 2,021 93,293 224.8 2022 Proj. Mar 2,021 106,079 5,364 113,464 17,858 2,053 93,553 224.9 Apr 2,021 105,783 5,386 113,190 17,686 2,054 93,450 224.6 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready -to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. April 2022 WASDE - 623 - 33 U.S. Egg Supply and Use Commodity 2019 2020 2021 Est. 2021 Est. 2022 Proj. 2022 Proj. Mar Apr Mar Apr Eggs Million Dozen Supply Beginning Stocks 22.7 31.6 24.5 24.5 19.1 19.1 Production 9,441.6 9,291.8 9,237.8 9,237.8 9,385.0 9,070.0 Imports 14.6 15.5 18.2 18.2 17.5 48.5 Total Supply 9,478.9 9,338.9 9,280.5 9,280.5 9,421.6 9,137.6 Use Exports 333.8 344.0 392.3 392.3 330.0 277.0 Hatching Use 1,081.2 1,078.5 1,103.7 1,103.7 1,130.0 1,130.4 Ending Stocks 31.6 24.5 19.1 19.1 19.5 19.0 Disappearance Total 8,032.3 7,891.8 7,765.4 7,765.4 7,942.1 7,711.2 Per Capita (number) 291.6 285.5 280.5 280.5 286.1 277.8 Total U.S. Milk Supply and Use Commodity 2019 2020 2021 Est. 2021 Est. 2022 Proj. 2022 Proj. Mar Apr Mar Apr Milk Billion Pounds Production 218.4 223.3 226.3 226.3 226.0 226.3 Farm Use 1.0 1.1 1.1 1.1 1.1 1.1 Fat Basis Supply Beg. Commercial Stocks 13.8 13.6 15.6 15.6 14.3 14.3 Marketings 217.4 222.2 225.2 225.2 225.0 225.3 Imports 6.9 6.8 6.5 6.5 6.8 6.4 Total Cml. Supply 238.1 242.6 247.4 247.4 246.1 246.0 Fat Basis Use Commercial Exports 9.1 9.3 11.6 11.6 10.9 11.5 Ending Commercial Stocks 13.6 15.6 14.3 14.3 13.0 12.9 CCC Donations 0.2 0.3 0.0 0.0 0.0 0.0 Domestic Commercial Use 215.2 217.5 221.4 221.4 222.2 221.6 Skim -solid Basis Supply Beg. Commercial Stocks 10.7 10.2 10.9 10.9 11.0 11.0 Marketings 217.4 222.2 225.2 225.2 225.0 225.3 Imports 5.8 5.6 5.8 5.8 5.8 5.8 Total Cml. Supply 233.9 238.0 241.8 241.8 241.7 242.1 Skim -solid Basis Use Commercial Exports 41.5 47.2 51.1 51.1 49.8 50.3 Ending Commercial Stocks 10.2 10.9 11.0 11.0 11.2 11.0 CCC Donations 0.2 0.1 0.0 0.0 0.0 0.0 Domestic Commercial Use 182.0 179.8 179.7 179.7 180.8 180.8 Total CCC Donations include purchases made through the USDA Trade Mitigation program. They do not include products purchased under other programs. Dairy domestic commercial use for 2020 includes additional milk marketed but not processed. Note: Totals may not add due to rounding. April 2022 WASDE - 623 - 34 U.S. Dairy Prices Commodity 2019 2020 2021 Est. 2021 Est. 2022 Proj. 2022 Proj. Mar Apr Mar Apr Product Prices 1/ Dollars Per Pound Cheese 1.7586 1.9236 1.6755 1.6755 2.030 2.150 Butter 2.2431 1.5808 1.7325 1.7325 2.575 2.640 Nonfat Dry Milk 1.0419 1.0417 1.2693 1.2693 1.740 1.745 Dry Whey 0.3799 0.3621 0.5744 0.5744 0.710 0.690 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 16.96 18.16 17.08 17.08 21.65 22.75 Class IV 16.30 13.49 16.09 16.09 23.70 24.05 All Milk 3/ 18.65 18.24 18.69 18.69 25.05 25.80 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated pla nts for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . April 2022 WASDE - 623 - 35 Reliability of April Projections 1/ Note: Tables on pages 35 -37 present a record of the April projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0.5 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 0.8 percent. The average difference between th e April projection and the final estimate is 2 million tons, ranging from 0.1 million to 6.8 million tons. The April projection has been below the estimate 26 times and above 14 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 0.5 0.8 2.0 0.1 6.8 26 14 U.S. 0.2 0.3 0.1 0.0 0.3 18 11 Foreign 0.5 0.9 2.0 0.2 6.8 26 14 Exports World 3.9 6.6 4.2 0.4 14.3 31 9 U.S. 2.5 4.3 0.6 0.0 2.1 17 22 Foreign 5.0 8.5 4.2 0.1 13.3 31 9 Domestic Use World 0.7 1.3 3.4 0.1 9.4 18 22 U.S. 3.1 5.3 0.7 0.0 2.2 15 25 Foreign 0.7 1.2 3.2 0.0 9.6 18 21 Ending Stocks World 3.2 5.4 4.1 0.0 14.5 28 11 U.S. 8.1 13.8 0.9 0.0 4.1 26 14 Foreign 3.5 5.9 3.6 0.0 12.6 29 10 COARSE GRAINS 2/ Production World 1.1 1.8 9.3 0.3 42.1 32 8 U.S. 0.2 0.3 0.2 0.0 1.8 17 9 Foreign 1.5 2.5 9.3 0.3 42.1 32 8 Exports World 4.6 7.9 4.9 0.1 21.8 28 12 U.S. 6.6 11.2 2.7 0.0 7.2 23 17 Foreign 7.4 12.5 4.7 0.3 21.2 30 10 Domestic Use World 0.9 1.5 6.7 0.0 20.3 18 22 U.S. 2.3 3.9 3.2 0.1 16.8 14 26 Foreign 1.0 1.8 6.4 0.2 22.7 24 16 Ending Stocks World 9.6 16.3 12.5 0.2 144.9 34 6 U.S. 11.1 18.8 3.6 0.0 12.1 19 21 Foreign 12.1 20.6 10.8 0.5 144.9 34 6 RICE, milled Production World 1.3 2.1 3.3 0.0 13.3 32 8 U.S. 1.3 2.2 0.0 0.0 0.2 11 5 Foreign 1.3 2.2 3.3 0.0 13.3 32 8 Exports World 7.9 13.4 1.5 0.1 4.5 31 9 U.S. 6.3 10.7 0.1 0.0 0.5 18 19 Foreign 8.7 14.8 1.5 0.0 4.4 31 9 Domestic Use World 1.1 1.8 3.0 0.1 13.7 28 12 U.S. 7.0 11.9 0.2 0.0 0.5 15 24 Foreign 1.1 1.8 2.9 0.2 13.4 28 12 Ending Stocks World 8.1 13.7 4.4 0.1 26.1 28 12 U.S. 18.5 31.4 0.2 0.0 0.4 23 17 Foreign 8.4 14.3 4.4 0.1 26.1 27 13 1/ Footnotes at end of table. CONTINUED April 2022 WASDE - 623 - 36 Reliability of April Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 1.6 2.8 2.5 0.2 7.9 23 17 U.S. 1.4 2.3 0.7 0.0 3.2 17 16 Foreign 2.7 4.6 2.3 0.0 8.1 25 15 Exports World 5.1 8.6 2.8 0.1 13.2 25 15 U.S. 5.6 9.4 1.4 0.0 6.3 27 13 Foreign 11.4 19.4 2.5 0.2 15.9 22 18 Domestic Use World 1.8 3.0 2.7 0.0 10.3 21 19 U.S. 2.2 3.8 0.9 0.1 2.4 26 14 Foreign 2.1 3.6 2.4 0.0 10.4 19 21 Ending Stocks World 11.4 19.3 3.5 0.3 13.2 23 17 U.S. 35.2 59.7 1.7 0.1 6.8 15 25 Foreign 12.5 21.2 3.2 0.0 12.8 26 14 COTTON Million 480 -Pound Bales Production World 1.6 2.6 1.1 0.0 5.2 29 10 U.S. 0.3 0.5 0.0 0.0 0.2 17 15 Foreign 1.9 3.2 1.1 0.0 5.1 28 11 Exports World 4.2 7.1 1.1 0.1 4.2 26 14 U.S. 4.7 7.9 0.4 0.0 1.4 18 19 Foreign 5.2 8.9 0.9 0.1 3.9 25 15 Domestic Use World 2.1 3.6 1.5 0.0 8.5 23 17 U.S. 6.4 10.8 0.2 0.0 0.8 19 17 Foreign 2.1 3.5 1.5 0.2 7.8 23 17 Ending Stocks World 6.9 11.8 2.9 0.0 8.3 26 14 U.S. 14.2 24.0 0.5 0.0 1.6 16 24 Foreign 7.4 12.6 2.8 0.1 8.0 24 16 1/ Marketing years 1981/82 through 2020/21 for grains, soybeans (U.S. only), and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2019/20, and for 2020/21 the last mo nth’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. April 2022 WASDE - 623 - 37 Reliability of United States April Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 0.2 0.3 5 0 72 1 4 Exports 6.7 11.4 100 13 248 20 20 Domestic Use 2.2 3.7 110 5 474 15 25 Ending Stocks 12.6 21.4 144 3 470 19 21 SORGHUM Production 0.1 0.2 0 0 4 0 2 Exports 11.7 19.9 20 0 72 27 12 Domestic Use 9.8 16.7 22 0 158 16 22 Ending Stocks 37.8 64.1 20 0 148 17 22 BARLEY Production 0.9 1.6 1 0 11 19 4 Exports 14.0 23.7 3 0 13 11 23 Domestic Use 5.1 8.6 10 0 64 18 19 Ending Stocks 11.6 19.7 12 0 52 25 14 OATS Production 0.4 0.7 0 0 2 5 4 Exports 32.9 55.8 1 0 3 7 6 Domestic Use 4.0 6.7 8 0 26 12 26 Ending Stocks 14.3 24.3 9 1 30 25 15 SOYBEAN MEAL Thousand Short Tons Production 2.7 4.5 844 35 2,667 30 10 Exports 7.9 13.5 545 25 2,326 31 9 Domestic Use 2.1 3.6 492 100 2,066 27 13 Ending Stocks 34.3 58.2 68 0 253 15 23 SOYBEAN OIL Million Pounds Production 2.6 4.5 400 15 1,058 30 10 Exports 16.9 28.6 236 0 777 26 13 Domestic Use 1.9 3.3 245 0 576 23 16 Ending Stocks 17.3 29.3 241 5 753 26 14 ANIMAL PROD. Million Pounds Beef 2.3 3.9 478 19 1,388 25 15 Pork 2.1 3.6 315 10 983 24 16 Broilers 1.3 2.2 296 6 895 27 13 Turkeys 2.5 4.3 101 3 398 19 21 Million Dozen Eggs 1.6 2.8 93 10 433 27 13 Billion Pounds Milk 1.1 1.9 1.4 0.0 5.2 19 20 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2020/21 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate followin g the marketing year for 1981/82 through 2020/21. Calendar years 1982 through 2020 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2020. WASDE- 623-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricult ural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. IPAD i s located at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ Click to receive WASDE -related notifications by email Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at mirva [email protected] World Agricultural Supply and Demand Estimates WASDE -623 – April 8, 2022 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program informati on (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW , Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 638 Approved by the World Agricultural Outlook Board July 12, 2023 WHEAT: Changes this month to the 2023/24 U.S. wheat outlook increase supplies and domestic use, leave exports unchanged, and increase ending stocks. Supplies are raised on larger production, which is up 74 million bushels to 1,739 million, on higher harvested are a and yields. The first 2023/24 survey -based production forecast for other spring and Durum indicates a decrease from last year. Conversely, winter wheat production is forecast higher on larger harvested area and higher yields. Gains for all wheat producti on are partly offset by smaller beginning stocks, which are lowered 18 million bushels to 580 million as indicated in the Grain Stocks report, issued June 30. The 2023/24 ending stocks are forecast at 592 million bushels, 30 million higher than last month. The projected season -average farm price is forecast at $7.50 per bushel, down $0.20 from last month. This month provides the first by -class 2023/24 U.S. wheat supply and use projections. Two consecutive years of drought -affected Hard Red Winter ( HRW ) wheat crops reduce HRW ending stocks to the lowest level in 16 years despite decreased total use. HRW food use is forecast to be the smallest since 2010/11, while HRW exports are the lowest since by -class supply and utilization records began in 1973/74. Updat es to the 2023/24 global wheat outlook reduce supplies, increase consumption, lower exports, and decrease stocks compared with last month. Supplies are reduced 0.9 million tons to 1,066.0 million as lower global production is partially offset by larger beginning stocks. Production is reduced primarily for the EU, Argentina, and Canada, and is only partially offset by increases for the United States and Pakistan. EU production is lowered 2.5 million tons to 138.0 million, as ongoing dry weather diminishes yi eld prospects primarily in Germany, Spain, France, and Italy. The forecast for Argentina wheat production is decreased 2.0 million tons to 17.5 million based on revised government estimates of planted area. Dry conditions in parts of Alberta and Saskatchewan lowers production for Canada 2.0 million tons to 35.0 million. Global trade is projected down 1.0 million tons to 211.6 million as l ower exports from Argentina and Canada are only partially offset by more exports from Russia. World consumption is raised 3.3 million tons to 799.5 million, primarily on increased feed and residual use in China where rains at harvest, especially in Henan province, degraded wheat quality for food use. Projected 2023/24 world ending stocks are lowered 4.2 million tons to 266.5 million and would be the fourth consecutive annual decline. COARSE GRAINS: This month’s 2023/24 U.S. corn outlook is for fractionally higher supplies and ending stocks. Corn beginning stocks are lowered 50 million bushels, as greater feed and residual use for 2022/23 more than offsets reductions in corn used for ethanol and exports. Corn production for 2023/24 is forecast up 55 million bushels as greater planted and harvested area from the June 30 Acreage report is partially offset by a 4.0- bushel reduction in yield to 177.5 bushels per acre. According to data from the National Centers for Environmental Information, harvested -area- weighted June precipitation data for the major Corn Belt states represented an extreme downward deviation from average. However, timely rainfall and cooler than normal temperatures for some of the driest parts of the Corn Belt during early July is expected to moderate the impact of June weather. For much of the crop the critical pollination period will be in the coming weeks. With supply rising fractionally and use unchanged, ending stocks are up 5 million bushels. The season- average farm price received by producers is unchanged at $4.80 per bushel . WASDE- 638-2 Global coarse grain production for 2023/24 is forecast 0.1 million tons higher to 1,513.4 million. This month’s 2023/24 foreign coarse grain outlook is for lower production and use, and slightly smaller stocks relative to last month. Foreign corn production is fractionally higher with area increases for Canada and Ukraine that are partially offset by an area reduction for the EU. For 2022/23, corn production is raised for Brazil but lowered for Argentina based on harvest results to date. Foreign barley production for 2023/24 is lowered with cuts for the EU and Ukraine partly offset by increases for Argentina and Morocco. Major global trade changes for 2023/24 include larger corn exports for Ukraine, with greater imports for the EU. For 2022/23 corn exports are higher for Brazil but are lowered for Argentina for the local marketing year beginning March 2023. Corn exports are also raised for Ukraine, Russia, and th e EU but reduced for the United States and India. Barley exports for 2023/24 are lowered for the EU and Ukraine but increased for Argentina. China’s barley and sorghum imports are increased . Foreign corn ending stocks are virtually unchanged relative to last month. Global corn stocks, at 314.1 million tons, are up 0.1 million. RICE : The outlook for 2023/24 U.S. rice this month is for larger supplies, exports, and domestic use but slightly lower ending stocks. Supplies increase as higher production more than offsets reductions in both beginning stocks and imports. All rice production is projected at 201.0 million cwt, up primarily on higher harvested area as indicated in the NASS Acreage report, issued June 30. Most of the production increase is for medium - and short -grain rice with the recovery in California rice area following last ye ar’s severe drought. The projected all rice yield is 7,599 pounds per acre, up 12 pounds from last month with more of the relatively higher yielding medium - and short -grain harvested area than last month. Total 2023/24 imports are down only slightly from l ast year’s record at 38.0 million cwt as Asian aromatic long -grain imports and medium -and short -grain imports from China are expected to remain substantial. Total domestic and residual use is projected higher at 155.0 million cwt with greater supplies and would be the highest on record. Total exports are projected higher at 80.0 million cwt on larger supplies and reduced U.S. prices. All rice 2023/24 ending stocks are projected lower at 29.6 million cwt but still up 16 percent from 2022/23. The 2023/24 all rice season - average farm price is projected at $17.00 per cwt, down $0.60 from last month on reductions for both long- grain and other states medium - and short -grain prices. The 2023/24 global rice outlook this month is for slightly higher supplies and consumption, increased trade, and greater stocks. World supplies are increased by 0.3 million tons to 694.3 million, mostly on higher U.S. production. Global 2023/24 rice consumption is projected at a record 523.9 million tons, up 0.1 million, as higher consu mption by Kenya and Vietnam more than offset s a decline for Thailand. World trade is projected at 56.4 million tons, up 0.6 million on higher exports by Vietnam and the United States. Projected 2023/24 world ending stocks are 170.4 million tons, up 0.2 mill ion as increases for Burma, Vietnam, and Turkey more than offset reductions for Taiwan, Bangladesh, and Thailand . OILSEEDS: U.S. oilseed production for 2023/24 is projected at 127.6 million tons, down 5.6 million from last month with reductions for soybeans and sunflowerseed, partly offset by higher canola and peanuts. Soybean production is projected at 4.3 billion bushels, down 210 million on lower harvested area. Harvested area, forecast at 83.5 million acres in the June 30 Acreage report, is down 4.0 million from last month. The soybean yield forecast is unchanged at 52.0 bushels per acre. With lower production partly offset by higher beginning stocks, 2023/24 soybean supplies are reduced 185 million bushels. Soybean crush is reduced 10 million bushels reflecting a lower soybean meal domestic disappearance forecast. Soybean exports are reduced 125 million bushels to 1.85 billion on lower U.S. supplies and lower global imports. With lower supplies only partly offset by reduced use, ending stocks for 2023/24 are projected at 300 million bushels, down 50 million from last month. The U.S. season- average soybean price for 2023/24 is forecast at $12.40 per bushel, up $0.30 from last month. The soybean meal price is projected at $375.00 per short ton, up $10.00. The soybean oil price forecast of 60.0 cents per pound is up 2 cents. WASDE- 638-3 The Environmental Protection Agency (EPA) issued the final renewable fuels standards rule for 2023, 2024, and 2025. The 2023 biomass -based diesel volume mandate w as unchanged from the proposal published last December. For 2024, EPA increased the non- cellulosic advanced biofuel volume mandate but lowered the implied conventional volume. USDA assumes that biomass -based diesel would be produced in excess of the advanced biofuel volume mandate to make up the shortfall in conventional renewable fuel to meet the total renewable fuel obligation. With the offsetting changes compared to the proposal in 2024, there is no change to soybean oil used for biofuel for 2023/24 this month. Foreign oilseed production is increased 1.5 million tons to 539.7 million on higher sunflowerseed, soybean, and rapeseed production. Sunflowerseed and rapeseed production is raised for Ukraine reflecting higher area in government planting progress reports. Soybean production is increased for Canada based on the latest plantings report from Statistics Canada. Partly offsetting is lower rapeseed production for the EU, down 0.8 million tons to 20.2 million based on dry conditions especially in France and Germany. Global soybean trade for 2023/24 is down 3.1 million tons to 169.3 million as reduced U.S. exports are paired with lower imports for China, Egypt, Bangladesh, Pakistan, Turkey, and Thailand. China’s imports are lowered 1.0 million tons to 99. 0 million due to higher carryin supplies from increased imports in the prior marketing year. Global soybean ending stocks are reduced 2.4 million tons to 121.0 million mainly on lower U.S. stocks. SUGAR : U.S. sugar supply for 2022/23 is raised by 82,447 s hort tons , raw value (STRV) on increased imports only partially offset by lower production while use is lowered 75,000. The resulting 157,447- STRV stock increase pushes the total to 1,840,610 STRV for an ending stocks -to-use ratio of 14.45 percent. U.S. be et sugar production is estimated at 5,146,621 STRV, a decrease of 24,185 on processors’ estimates of their beet sugar from sliced beets. All beet slicing is complete except for the ongoing campaign in California. No changes were made to beet production occ urring in August - September 2023. Cane sugar in Florida is reduced by 31,987 STRV on processor reporting. TRQ raw imports are increased by 137,789 STRV on USDA’s increase announced last week. There is no change in TRQ shortfall as USTR has not yet announced country allocations. Re -export imports are reduced by 125,000 STRV after data reconciliations were completed by USDA and Custom and Border Protection (CBP). Greater sugar supply availability in Mexico results in an import increase of 25,830 STRV. High -tier tariff imports are increased by 100,000 STRV to 350,000 on a large raw sugar entry made in June and on a higher expected pace of refined sugar imports for the remainder of the fiscal year. Use is reduced by 75,000 STRV to 12,740,000 on an observed slowing of the pace of deliveries for human consumption. U.S. sugar supply for 2023/24 is increased by 291,502 STRV on increased beginning stocks, larger beet sugar production, and increased imports while use is lowered 75,000. The resulting 366,502 - STRV stock increase pushes the total to 1,719,260 STRV for an ending stocks -to-use ratio of 13.50 percent. U.S. beet sugar production is projected to increase 72,197 STRV to 5,021,759 on NASS area planted and harvested in the Acreage report that is larger than reported (area planted) or implied (area harvested) in the earlier Prospective Plantings report. TRQ imports are increased by 231,485 STRV on USDA’s July 5 announcement of the additional specialty refined sugar TRQ. In the same announcement USDA also established the raw and refined sugar TRQs set at levels consi stent with WTO bindings. Re -export imports are reduced by 125,000 STRV consistent with the reduction made for 2022/23. High -tier tariff imports are increased by 45,000 STRV to 165,000. The monthly pace of expected high -duty refined imports are projected at about 90 percent of the rate for 2022/23 and raw sugar entries are projected at zero. An evaluation of U.S. Sugar Needs as defined in the CVD Suspension Agreement implies shipments from exported Mexico sugar at 1,485,900 STRV. This is a reduction of 89,627 STRV from last month. The change in use is carried over from 2022/23. The Mexico production campaign for 2022/23 finished at 5,224,239 metric tons (MT) as of June 18. Imports for consumption are increased by 30,000 MT to 75,000 on CONADESUCA reporting and on WASDE- 638-4 other official data concerning exports to Mexico reported by other countries. Production for 2023/24 is unchanged at 5,900,000 MT. Drought conditions are severe in the Pacific region and dryness is a problem in other areas. Greater fertilizer and other input use than in 2022/23 is projected to keep production higher than last year’s poor showing. LIVESTOCK, POULTRY, AND DAIRY : The total U.S. red meat and poultry production forecast for 2023 is raised from last month on higher forecast beef, broiler , and turkey production . Pork production is fractionally lower this month. Beef production is raised with higher expected steer and heifer, cow, and bull slaughter. Pork production is lowered slightly as larger expected fourth -quarter slaughter is more tha n offset by lower production in the second and third quarters . Broiler and turkey production is raised on slaughter data for the second quarter. Turkey production is also raised for the third quarter on hatchery data. Egg production is raised for the second quarter on recent hatchery data. For 2024, the beef production forecast is lowered as expected fed cattle marketings are shifted into late 2023 rather than early 2024 . Pork production is reduced as producers indicated intentions to reduce farrowings in the second half of 2023 and lower farrowings are expected to continue in the first half of 2024. However, a more rapid rate of growth in pigs per litter is expected to partly offset the lower farrowings . Nonetheless, smaller -than-previously -expected pig crops in late- 2023 and early 2024 will result in a lower pork production forecast . Poultry and egg forecasts are unchanged from last month. Beef imports for 2023 are raised on recent trade data . Exports for the year are reduced slightly; but no change is made to the export forecast for 2024. Pork imports for 2023 are raised slightly on recent trade data; exports are raised for 2023 and 2024 on continued demand strength from China and several Latin American countries . No chan ges are made to the broiler export forecasts, but turkey exports are raised for both 2023 and 2024. For 2023, cattle and hog price forecasts are raised from last month on firm demand and relatively tight supplies . This strength is expected to carry into 2024 . Broiler, and turkey prices for 2023 are reduced on current price s and higher production. For 2024, turkey prices are lowered while broiler prices are unchanged. Egg prices for 2023 are raised slightly on second -quarter prices; no change is made to the outlying quarters. The milk production forecast for 2023 is unchanged from last month. The milk production forecast for 2024 is reduced from last month, based on lower dairy cow inventories and slower growth in milk per cow. For 2023, exports are re duced on both a fats and skim -solids basis. Fats basis exports are lowered primarily reflecting lower butter and cheese shipments. Skim -solids basis exports reflect lower exports of whey products as well as a number of other dairy products; however, these declines are partially offset by higher nonfat dry milk (NDM) exports. For 2024, fat basis exports are reduced as weakness in butter sales is expected to carry into the next year . Skim -solids basis export reductions are large ly due to lower expected lactos e exports . Imports on a fat basis for 2023 are unchanged with largely offsetting changes for a number of products, but skim -solids imports are lowered on lower milk protein concentrates . For 2024, imports on both a skim -solids basis and a fat basis are low ered slightly. For 2023, prices of cheese, NDM, and whey are lower than the previous month's forecast based on continued ample supplies of cheese and competition in international NDM and whey markets . The price of butter is unchanged. The Class III price f orecast is reduced on weaker cheese and whey prices , and the Class IV price decline reflects lower NDM prices . The all milk price forecast is lowered to $19.55 per cwt. For 2024, prices of cheese, NDM, and whey are lower than the previous month's forecast, but the butter price is higher . The Class III milk price is lower than the previous month on the weaker cheese WASDE- 638-5 and whey price, but the Class IV price forecast is unchanged as the lower NDM price and higher butter price are offset ting. The all milk price fo recast is lowered to $19.10 per cwt. COTTON : The U.S. 2023/24 cotton projections show lower exports and higher beginning and ending stocks. Beginning stocks are 50,000 bales higher due to lower 2022/23 disappearance, and 2023/24 exports are reduced 250,000 bales due to reductions in projected world trade and U.S. market share. U.S. planted area is 169,000 acres lower this month, as indicated in the June 30 Acreage report. Harvested area is up 117,000 acres however as rainfall in West Texas remains above median levels, and projected U.S. output remains at 16.5 million bales. Ending stocks are forecast at 3.8 million bales, 300,000 bales higher than in June. The projected price received by U.S. upland cotton producers is 76 cents per pound this month, 1 cent lower than in June. For the global 2023/24 cotton balance sheet, higher beginning stocks account for much of the 1.7- million -bale increase in ending stocks. Beginning stocks are 1.1 million bales higher as a 1.8 -million - bale increase in estimated 2022/23 production spread over India, Brazil, and Austr alia more than offsets a 675,000 -bale increase in global consumption, and a 350,000 -bale decrease in Argentina’s ending stocks. The Argentina change follows 10 years of historical balance sheet revisions. Projected world 2023/24 production is 120,000 bales higher this month as expected larger crops in Pakistan and Afghanistan offset a reduced outlook for Australia and Argentina. Consumption is projected 550,000 bales lower as reductions for China, Bangladesh, Turkey, and Vietnam more than offset improved pr ospects for Pakistan. Approved by the Secretary of Agriculture and by the Chairman of the World Agricultural Outlook Board, Mark Jekanowski, (202) 720 -6030 . This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: GLORIA MONTAÑO GREENE SECRETARY OF AGRICULTURE DESIGNATE WASDE- 638-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report . The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone, ICEC Chair, WAOB, [email protected] Andrew Sowell, ERS; Amy Gaito , FAS; Bruce McWilliams, FPAC. Rice: Mark Simone, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Adolfo Escoto , FAS ; Kent Lanclos, FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Todd Hubbs, ERS; Eric Gero , FAS; Jacob Vuillemin, FPAC. Oilseeds: Joanna Hitchner , ICEC Chair (Acting) , WAOB, [email protected] Maria Bukowski, ERS; Agata Kingsbury, FAS; Gustavo Ferreira, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; Graham Soley, FAS; Kent Lanclos, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Vida Abadam, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; John Brower, FAS; Georgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Grace Grossen, ERS; Claire Mezoughem, FAS; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Angel Teran, ERS; Jeffery Dwyer, FAS; Georgi Gabrielyan, FPAC. In 2023 the WASDE report will be released on Aug 11, Sep 12, Oct 12, Nov 9, and Dec 8. WASDE- 638-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Production .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 July 2023 WASDE - 638 - 8 World and U.S. Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2021/22 2799.78 3594.33 513.32 2802.23 792.10 2022/23 (Est.) 2745.50 3537.60 488.26 2771.31 766.29 filler filler filler filler filler 2023/24 (Proj.) Jun 2833.97 3599.05 506.34 2818.07 780.98 2023/24 (Proj.) Jul 2830.81 3597.10 506.37 2820.44 776.67 filler filler filler filler filler Wheat 2021/22 781.05 1065.12 202.85 792.52 272.60 2022/23 (Est.) 790.20 1062.80 217.17 793.49 269.31 filler filler filler filler filler 2023/24 (Proj.) Jun 800.19 1066.85 212.62 796.14 270.71 2023/24 (Proj.) Jul 796.67 1065.98 211.62 799.45 266.53 filler filler filler filler filler Coarse Grains 5/ 2021/22 1504.99 1828.14 253.56 1491.08 337.06 2022/23 (Est.) 1442.81 1779.87 215.53 1456.45 323.42 filler filler filler filler filler 2023/24 (Proj.) Jun 1513.29 1838.21 237.91 1498.16 340.05 2023/24 (Proj.) Jul 1513.38 1836.80 238.32 1497.08 339.72 filler filler filler filler filler Rice, milled 2021/22 513.74 701.07 56.90 518.63 182.44 2022/23 (Est.) 512.49 694.93 55.57 521.37 173.56 filler filler filler filler filler 2023/24 (Proj.) Jun 520.49 693.99 55.81 523.77 170.21 2023/24 (Proj.) Jul 520.77 694.33 56.43 523.91 170.42 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2021/22 448.60 513.41 94.82 360.73 57.85 2022/23 (Est.) 408.46 473.76 66.92 352.23 54.60 filler filler filler filler filler 2023/24 (Proj.) Jun 453.45 517.54 81.49 359.39 76.66 2023/24 (Proj.) Jul 458.24 520.19 82.19 360.57 77.42 filler filler filler filler filler Wheat 2021/22 44.80 70.42 21.66 29.76 19.01 2022/23 (Est.) 44.90 67.23 20.65 30.79 15.79 filler filler filler filler filler 2023/24 (Proj.) Jun 45.32 65.28 19.73 30.26 15.28 2023/24 (Proj.) Jul 47.33 66.66 19.73 30.81 16.12 filler filler filler filler filler Coarse Grains 5/ 2021/22 397.71 434.32 70.52 326.22 37.58 2022/23 (Est.) 358.47 398.95 44.27 316.68 38.00 filler filler filler filler filler 2023/24 (Proj.) Jun 402.01 444.06 59.41 324.23 60.41 2023/24 (Proj.) Jul 404.53 445.13 59.92 324.84 60.37 filler filler filler filler filler Rice, milled 2021/22 6.08 8.67 2.65 4.76 1.26 2022/23 (Est.) 5.09 7.58 2.00 4.76 0.81 filler filler filler filler filler 2023/24 (Proj.) Jun 6.12 8.20 2.35 4.89 0.96 2023/24 (Proj.) Jul 6.38 8.40 2.54 4.92 0.94 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). July 2023 WASDE - 638 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2021/22 2,351.18 3,080.92 418.49 2,441.50 734.25 2022/23 (Est.) 2,337.04 3,063.84 421.34 2,419.08 711.69 filler filler filler filler filler 2023/24 (Proj.) Jun 2,380.52 3,081.51 424.85 2,458.69 704.32 2023/24 (Proj.) Jul 2,372.57 3,076.92 424.18 2,459.86 699.24 filler filler filler filler filler Wheat 2021/22 736.24 994.70 181.20 762.76 253.60 2022/23 (Est.) 745.30 995.57 196.52 762.70 253.52 filler filler filler filler filler 2023/24 (Proj.) Jun 754.87 1,001.57 192.89 765.87 255.43 2023/24 (Proj.) Jul 749.34 999.32 191.89 768.64 250.41 filler filler filler filler filler Coarse Grains 5/ 2021/22 1,107.28 1,393.82 183.05 1,164.86 299.48 2022/23 (Est.) 1,084.34 1,380.92 171.25 1,139.77 285.42 filler filler filler filler filler 2023/24 (Proj.) Jun 1,111.28 1,394.16 178.50 1,173.93 279.64 2023/24 (Proj.) Jul 1,108.85 1,391.67 178.40 1,172.23 279.36 filler filler filler filler filler Rice, milled 2021/22 507.66 692.40 54.25 513.88 181.17 2022/23 (Est.) 507.40 687.35 53.57 516.61 172.75 filler filler filler filler filler 2023/24 (Proj.) Jun 514.37 685.78 53.46 518.88 169.25 2023/24 (Proj.) Jul 514.39 685.92 53.89 518.99 169.48 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grain s. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2021/22 115.66 201.97 42.86 116.00 86.04 2022/23 (Est.) 117.97 204.00 37.56 109.77 93.95 filler filler filler filler filler 2023/24 (Proj.) Jun 116.72 209.61 43.75 117.00 92.79 2023/24 (Proj.) Jul 116.84 210.79 43.51 116.45 94.52 filler filler filler filler filler United States 2021/22 17.52 20.68 14.48 2.55 3.75 2022/23 (Est.) 14.47 18.22 12.90 2.05 3.25 filler filler filler filler filler 2023/24 (Proj.) Jun 16.50 19.71 14.00 2.20 3.50 2023/24 (Proj.) Jul 16.50 19.76 13.75 2.20 3.80 filler filler filler filler filler Foreign 4/ 2021/22 98.13 181.30 28.38 113.45 82.29 2022/23 (Est.) 103.50 185.78 24.66 107.72 90.70 filler filler filler filler filler 2023/24 (Proj.) Jun 100.22 189.90 29.75 114.80 89.29 2023/24 (Proj.) Jul 100.34 191.04 29.76 114.25 90.72 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. July 2023 WASDE - 638 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2021/22 611.07 726.76 178.86 510.73 117.84 2022/23 (Est.) 629.52 747.36 200.64 521.13 120.96 filler filler filler filler filler 2023/24 (Proj.) Jun 671.38 789.78 200.30 541.88 140.20 2023/24 (Proj.) Jul 667.32 788.29 197.90 541.83 138.17 filler filler filler filler filler Oilmeals 2021/22 349.68 368.72 96.19 346.86 19.52 2022/23 (Est.) 354.83 374.34 96.19 354.94 15.87 filler filler filler filler filler 2023/24 (Proj.) Jun 370.77 386.78 98.67 364.92 18.32 2023/24 (Proj.) Jul 370.24 386.12 99.47 364.50 18.02 filler filler filler filler filler Vegetable Oils 2021/22 207.85 236.74 79.40 202.72 29.15 2022/23 (Est.) 216.70 245.85 87.12 211.07 30.23 filler filler filler filler filler 2023/24 (Proj.) Jun 222.78 252.98 88.37 217.87 30.34 2023/24 (Proj.) Jul 223.27 253.50 88.46 218.05 30.55 filler filler filler filler filler United States Output Total Supply Trade Total Use 2 / Ending Stocks Oilseeds 2021/22 131.35 141.17 59.55 63.87 9.14 2022/23 (Est.) 125.93 136.60 54.77 64.60 8.63 filler filler filler filler filler 2023/24 (Proj.) Jun 133.20 142.42 54.82 67.21 11.33 2023/24 (Proj.) Jul 127.65 137.52 51.50 66.93 9.96 filler filler filler filler filler Oilmeals 2021/22 49.27 53.23 12.46 40.42 0.35 2022/23 (Est.) 50.12 54.70 12.93 41.37 0.40 filler filler filler filler filler 2023/24 ( Proj.) Jun 51.81 56.39 13.67 42.26 0.45 2023/24 (Proj.) Jul 51.62 56.21 13.67 42.08 0.45 filler filler filler filler filler Vegetable Oils 2021/22 13.06 19.62 1.05 17.30 1.27 2022/23 (Est.) 13.26 20.68 0.35 19.05 1.29 filler filler filler filler filler 2023/24 (Proj.) Jun 13.71 21.28 0.45 19.58 1.26 2023/24 (Proj.) Jul 13.65 21.33 0.38 19.72 1.23 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2021/22 479.72 585.59 119.30 446.86 108.70 2022/23 (Est.) 503.59 610.76 145.87 456.53 112.34 filler filler filler filler filler 2023/24 (Proj.) Jun 538.17 647.36 145.47 474.67 128.87 2023/24 (Proj.) Jul 539.67 650.77 146.41 474.90 128.21 filler filler filler filler filler Oilmeals 2021/22 300.41 315.49 83.73 306.44 19.16 2022/23 (Est.) 304.71 319.64 83.26 313.58 15.47 filler filler filler filler filler 2023/24 (Proj.) Jun 318.96 330.40 85.00 322.66 17.87 2023/24 (Proj.) Jul 318.62 329.91 85.80 322.42 17.57 filler filler filler filler filler Vegetable Oils 2021/22 194.79 217.11 78.35 185.42 27.87 2022/23 (Est.) 203.44 225.17 86.77 192.03 28.94 filler filler filler filler filler 2023/24 (Proj.) Jun 209.07 231.70 87.92 198.29 29.09 2023/24 (Proj.) Jul 209.62 232.17 88.08 198.33 29.32 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. July 2023 WASDE - 638 - 11 U.S. Wheat Supply and Use 1/ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Jun Jul Million Acres Area Planted 46.7 45.7 49.9 * 49.6 Area Harvested 37.1 35.5 37.1 * 37.7 Bushels Yield per Harvested Acre 44.3 46.5 44.9 * 46.1 Million Bushels Beginning Stocks 845 698 598 580 Production 1,646 1,650 1,665 1,739 Imports 96 122 135 130 Supply, Total 2,588 2,470 2,399 2,449 Food 972 975 977 977 Seed 58 70 65 65 Feed and Residual 64 86 70 90 Domestic, Total 1,093 1,131 1,112 1,132 Exports 796 759 725 725 Use, Total 1,889 1,890 1,837 1,857 Ending Stocks 698 580 562 592 Avg. Farm Price ($/bu) 2/ 7.63 8.83 7.70 7.50 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2022/23 (Est.) Beginning Stocks 376 146 99 54 24 698 Production 531 446 337 272 64 1,650 Imports 5 56 4 7 51 122 Supply, Total 3/ 911 648 439 333 139 2,470 Food 373 269 163 85 85 975 Seed 29 17 15 6 3 70 Feed and Residual 53 -10 64 -20 0 86 Domestic Use 455 276 242 71 88 1,131 Exports 224 214 107 190 23 759 Use, Total 679 490 349 261 111 1,890 Ending Stocks, Total 232 158 90 72 28 580 2023/24 (Proj.) Beginning Stocks 232 158 90 72 28 580 Production 577 441 422 245 54 1,739 Imports 15 55 5 5 50 130 Supply, Total 3/ 824 654 517 322 132 2,449 Food 365 276 166 85 85 977 Seed 27 18 12 6 2 65 Feed and Residual 15 0 75 0 0 90 Domestic Use 407 294 253 91 87 1,132 Exports 190 205 135 170 25 725 Use, Total 597 499 388 261 112 1,857 Ending Stocks, Total Jul 227 155 129 61 20 592 Ending Stocks, Total Jun NA NA NA NA NA NA Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. * For June, planted acres reported in the March 31, 2023, "Prospective Plantings." Winter wheat harvested area and yield reported in the June 9, 2023, "Crop Production." Area harvested and yield for other spring wheat and Durum are projected using 10- year harvested -to-planted ratios by state and 1985- 2022 yield trends by state (except for Arizona an d California Durum). For July, area planted, area harvested, yield, and production as reported in July 12, 2023 "Crop Production." July 2023 WASDE - 638 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Jun Jul Million Acres Area Planted 105.8 100.4 103.6 * 106.8 * Area Harvested 94.4 87.1 92.6 * 95.6 * Metric Tons Yield per Harvested Acre 4.21 4.11 4.34 4.23 Million Metric Tons Beginning Stocks 34.0 37.6 39.4 38.0 Production 397.5 358.2 401.7 404.2 Imports 2.3 2.6 2.3 2.3 Supply, Total 433.8 398.3 443.5 444.5 Feed and Residual 148.6 141.6 147.3 147.6 Food, Seed & Industrial 177.1 174.4 176.5 176.6 Domestic, Total 325.7 316.1 323.7 324.2 Exports 70.5 44.3 59.4 59.9 Use, Total 396.2 360.3 383.1 384.1 Ending Stocks 37.6 38.0 60.4 60.3 CORN 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. June July Million Acres Area Planted 93.3 88.6 92.0 * 94.1 * Area Harvested 85.3 79.2 84.1 * 86.3 * Bushels Yield per Harvested Acre 176.7 173.3 181.5 * 177.5 * Million Bushels Beginning Stocks 1,235 1,377 1,452 1,402 Production 15,074 13,730 15,265 15,320 Imports 24 25 25 25 Supply, Total 16,333 15,132 16,742 16,747 Feed and Residual 5,719 5,425 5,650 5,650 Food, Seed & Industrial 2/ 6,764 6,655 6,735 6,735 Ethanol & by -products 3/ 5,326 5,225 5,300 5,300 Domestic, Total 12,483 12,080 12,385 12,385 Exports 2,472 1,650 2,100 2,100 Use, Total 14,956 13,730 14,485 14,485 Ending Stocks 1,377 1,402 2,257 2,262 Avg. Farm Price ($/bu) 4/ 6.00 6.60 4.80 4.80 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by- products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. * For June, planted acres reported in the March 31, 2023, "Prospective Plantings." Harvested acres projected based on historical abandonment and use for silage. The yield projection is based on a weather -adjusted trend, estimated us ing the 1988- 2022 time period, assuming normal planting progress and summer growing season weather. For July, corn planted and harvested area as reported in the June 30, 2023, "Acreage." The yield projection is based on a weather -adjusted trend, estimated using the 1988 -2022 time period, assuming normal planting progress but lowered to reflect extreme dryness during June. July 2023 WASDE - 638 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Jun Jul Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 7.3 6.3 6.0 * 6.8 * Area Harvested (mil. acres) 6.5 4.6 5.2 * 5.9 * Yield (bushels/acre) 69.0 41.1 69.2 * 69.2 * Beginning Stocks 20 47 25 25 Production 448 188 360 411 Imports 0 0 0 0 Supply, Total 468 235 385 436 Feed and Residual 80 65 70 90 Food, Seed & Industrial 45 55 50 55 Total Domestic 125 120 120 145 Exports 296 90 235 255 Use, Total 421 210 355 400 Ending Stocks 47 25 30 36 Avg. Farm Price ($/bu) 2/ 5.94 6.85 4.80 4.80 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. June July Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.7 2.9 2.9 * 3.4 * Area Harvested (mil. acres) 2.0 2.4 2.4 * 2.5 * Yield (bushels/acre) 60.3 71.7 76.3 * 70.1 * Beginning Stocks 71 42 67 56 Production 120 174 183 177 Imports 15 24 14 14 Supply, Total 206 240 264 248 Feed and Residual 20 52 40 40 Food, Seed & Industrial 137 130 135 135 Total Domestic 157 182 175 175 Exports 7 2 3 3 Use, Total 164 184 178 178 Ending Stocks 42 56 86 70 Avg. Farm Price ($/bu) 2/ 5.31 7.40 6.10 6.10 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. June July Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.6 2.6 2.7 * 2.5 * Area Harvested (mil. acres) 0.7 0.9 0.9 * 0.8 * Yield (bushels/acre) 61.3 64.8 66.7 * 62.8 * Beginning Stocks 38 33 32 35 Production 40 58 60 50 Imports 81 84 80 80 Supply, Total 159 174 172 165 Feed and Residual 44 57 60 50 Food, Seed & Industrial 79 81 81 81 Total Domestic 124 138 141 131 Exports 3 2 2 2 Use, Total 126 140 143 133 Ending Stocks 33 35 29 32 Avg. Farm Price ($/bu) 2/ 4.55 4.57 3.30 3.30 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. * For June --Planted acres reported in the March 31, 2023, "Prospect ive Plantings." Harvested area for sorghum, barley and oats based on historical average harvested- to-planted ratios. For sorghum the yield is the median yield for 2003- 2022. For barley and oats, projected yields are based on the 1993 -2022 linear trends. Yields shown reflect production rounding. For July--Sorghum planted and harvested area as reported in the June 30, 2023, "Acreage." Sorghum yield is the median yield for 2003- 2022. Barley and oats area planted, area harvested, yield, and production as rep orted in the July 12, 2023, "Crop Production." July 2023 WASDE - 638 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Jun Jul Million Acres Area Planted 2.53 2.22 2.58 * 2.69 * Area Harvested 2.49 2.17 2.54 * 2.65 * Fil ler Pounds Yield per Harvested Acre 7,709 7,383 7,587 * 7,599 * Million Hundredweight Beginning Stocks 2/ 43.7 39.7 26.6 25.6 Production 191.6 160.4 192.7 201.0 Imports 37.8 38.5 39.0 38.0 Supply, Total 273.0 238.6 258.3 264.6 Domestic & Residual 3/ 149.8 150.0 154.0 155.0 Exports, Total 4/ 83.5 63.0 74.0 80.0 Rough 28.2 19.0 21.0 23.0 Milled (rough equiv.) 55.3 44.0 53.0 57.0 Use, Total 233.3 213.0 228.0 235.0 Ending Stocks 39.7 25.6 30.3 29.6 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 16.10 19.40 17.60 17.00 Total LONG -GRAIN RICE 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. June July Harvested Acres (mil.) 1.94 1.77 Yield (pounds/acre) 7,471 7,224 Beginning Stocks 29.7 24.6 15.8 15.8 Imports 30.7 31.0 31.0 31.0 Production 144.6 128.2 142.0 144.8 Supply, Total 7/ 205.0 183.8 188.8 191.6 Domestic & Residual 3/ 118.3 117.0 121.0 121.0 Exports 8/ 62.0 51.0 52.0 54.0 Use, Total 180.3 168.0 173.0 175.0 Ending Stocks 24.6 15.8 15.8 16.6 Avg. Farm Price ($/cwt) 6/ 13.60 16.90 15.00 14.50 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. June July Harvested Acres (mil.) 0.55 0.40 Yield (pounds/acre) 8,549 8,094 Beginning Stocks 11.5 13.0 8.8 7.8 Imports 7.1 7.5 8.0 7.0 Production 47.0 32.2 50.7 56.2 Supply, Total 7/ 66.0 52.8 67.5 71.0 Domestic & Residual 3/ 31.5 33.0 33.0 34.0 Exports 8/ 21.5 12.0 22.0 26.0 Use, Total 53.0 45.0 55.0 60.0 Ending Stocks 13.0 7.8 12.5 11.0 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 26.40 29.30 25.70 24.80 California 10/ 31.90 36.00 30.00 29.00 Other States 1/ 13.90 18.00 16.50 16.00 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2019/20 -1.0; 2020/21-2.5;2021/2 2-2.0. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing -year weighted average price received by farme rs. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The California medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the f inal price may differ. 10/ Marketing year beginning October 1. * For June --Planted acres reported in March 31, 2023, "Prospective P lantings." Harvested acres are estimated using long run harvested -to-planted ratios by rice class. For July --Planted and harvested area are reported in June 30, 2023 "Acreage" report. Projected yield is based on by -class trend analysis and planted area. July 2023 WASDE - 638 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Jun Jul Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 87.2 87.5 87.5 * 83.5 ** Area Harvested 86.3 86.3 86.7 * 82.7 ** Fil ler Bushels Yield per Harvested Acre 51.7 49.5 52.0 * 52.0 ** Million Bushels Beginning Stocks 257 274 230 255 Production 4,465 4,276 4,510 4,300 Imports 16 25 20 20 Supply, Total 4,738 4,576 4,760 4,575 Crushings 2,204 2,220 2,310 2,300 Exports 2,152 1,980 1,975 1,850 Seed 102 97 101 101 Residual 6 23 25 25 Use, Total 4,464 4,320 4,411 4,276 Ending Stocks 274 255 350 300 Avg. Farm Price ($/bu) 2/ 13.30 14.20 12.10 12.40 Total SOYBEAN OIL 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. June July Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 2,131 1,991 1,936 1,936 Production 4/ 26,155 26,195 27,145 27,025 Imports 303 375 350 375 Supply, Total 28,589 28,561 29,431 29,336 Domestic Disappearance 24,827 26,225 27,000 27,050 Biofuel 3/ 10,348 11,600 12,500 12,500 Food, Feed & other Industrial 14,479 14,625 14,500 14,550 Exports 1,771 400 600 450 Use, Total 26,598 26,625 27,600 27,500 Ending stocks 1,991 1,936 1,831 1,836 Avg. Price (c/lb) 2/ 72.98 64.00 58.00 60.00 Total SOYBEAN MEAL 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. June July Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 341 311 350 350 Production 4/ 51,814 52,564 54,375 54,175 Imports 655 675 650 650 Supply, Total 52,810 53,550 55,375 55,175 Domestic Disappearance 38,959 39,200 40,175 39,975 Exports 13,540 14,000 14,800 14,800 Use, Total 52,499 53,200 54,975 54,775 Ending Stocks 311 350 400 400 Avg. Price ($/s.t.) 2/ 439.81 450.00 365.00 375.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects soybean oil used for biofuels as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,220 million bushels for 2022/23 and 2,300 million bushels for 2023/24. *Planted acres are reported in the March 31, 2023 Prospective Plantings repor t. Harvested acres are based on historical planted -to-harvested ratios. **Planted and harvested acres are from the June 30, 2023 Acreage report. The projected yield is based on a weather -adjusted trend model. July 2023 WASDE - 638 - 16 U.S. Sugar Supply and Use 1/ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Jun Jul Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,705 1,820 1,683 1,841 Production 2/ 9,157 9,242 9,127 9,199 Beet Sugar 5,155 5,147 4,950 5,022 Cane Sugar 4,002 4,095 4,177 4,177 Florida 1,934 1,983 2,034 2,034 Louisiana 1,944 2,034 2,092 2,092 Texas 124 78 51 51 Imports 3,646 3,519 3,358 3,420 TRQ 3/ 1,579 1,868 1,413 1,644 Other Program 4/ 298 125 250 125 Non-program 1,769 1,526 1,696 1,651 Mexico 1,379 1,176 1,576 1,486 High -tier tariff/other 390 350 120 165 Total Supply 14,508 14,581 14,168 14,459 Exports 29 35 35 35 Deliveries 12,578 12,705 12,780 12,705 Food 12,470 12,600 12,675 12,600 Other 5/ 107 105 105 105 Miscellaneous 81 0 0 0 Total Use 12,688 12,740 12,815 12,740 Ending Stocks 1,820 1,841 1,353 1,719 Stocks to Use Ratio 14.3 14.4 10.6 13.5 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2022/23 and 2023/24 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2022/23, WTO raw sugar TRQ shortfall (132) and for 2023/24 (94). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE - reported deliveries: 2021/22 -- 303; estimated 2022/23 -- 299; projected 2023/24 -- 291 Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2022/23 Est. Jun 964 5,230 45 4,357 1,002 880 2022/23 Est. Jul 964 5,224 75 4,357 1,027 880 2023/24 Proj. Jun 880 5,900 45 4,589 1,348 887 2023/24 Proj. Jul 880 5,900 45 4,589 1,348 888 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2021/22 = 1,320; Estimated 2022/23 = 1,407; Projected 2023/24 = 1,407; Estimated Oct. - May 2023 = 905; Estimated Oct. - May 2022 = 837. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2022/23 (273 est =248 dom.+25 import); 2023/24 (450 proj = 425 dom.+25 import). Statistical Adjustments: 2022/23 (0), 2023/24 (0). July 2023 WASDE - 638 - 17 U.S. Cotton Supply and Use 1/ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Jun Jul Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 11.22 13.76 11.26 * 11.09 ** Harvested 10.27 7.31 9.41 * 9.53 ** Fil ler Pounds Yield per Harvested Acre 819 950 841 * 831 ** Million 480 Pound Bales Beginning Stocks 3.15 3.75 3.20 3.25 Production 17.52 14.47 16.50 16.50 Imports 0.01 0.00 0.01 0.01 Supply, Total 20.68 18.22 19.71 19.76 Domestic Use 2.55 2.05 2.20 2.20 Exports, Total 14.48 12.90 14.00 13.75 Use, Total 17.03 14.95 16.20 15.95 Unaccounted 2/ -0.10 0.02 0.01 0.01 Ending Stocks 3.75 3.25 3.50 3.80 Avg. Farm Price 3/ 91.4 82.0 77.0 76.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. *Planted area as reported in June 30, 2023 Acreage report. Yield based on 5-year average yields by region. Harvested area based on 10- year average abandonment by region, with the Southwest adjusted to reflect conditions to date. Projected abandonment in the Southwest is reduced from 25 percent in June to 21 percent in July due to recent favorable precipitation. July 2023 WASDE - 638 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 284.08 781.05 199.39 161.13 792.52 202.85 272.60 World Less China 144.96 644.10 189.82 126.13 644.52 201.98 135.84 United States 23.00 44.80 2.62 1.75 29.76 21.66 19.01 Total Foreign 261.08 736.24 196.78 159.38 762.76 181.20 253.60 Major Exporters 4/ 34.88 327.22 5.79 78.40 185.70 142.47 39.72 Argentina 2.32 22.15 0.00 0.25 6.55 16.00 1.93 Australia 3.02 36.24 0.21 5.00 8.50 27.51 3.45 Canada 5.95 22.42 0.55 5.15 10.15 15.12 3.66 European Union 5/ 10.70 138.24 4.63 45.00 108.25 32.00 13.32 Russia 11.38 75.16 0.30 18.50 41.75 33.00 12.09 Ukraine 1.51 33.01 0.10 4.50 10.50 18.84 5.27 Major Importers 6/ 177.53 204.00 130.33 54.68 323.57 15.31 172.99 Bangladesh 2.14 1.09 6.34 0.55 8.25 0.00 1.31 Brazil 1.91 7.70 6.39 0.45 11.75 3.07 1.18 China 139.12 136.95 9.57 35.00 148.00 0.88 136.76 Japan 1.04 1.13 5.61 0.75 6.30 0.30 1.18 N. Africa 7/ 12.42 21.27 26.61 1.87 47.02 0.41 12.88 Nigeria 0.79 0.09 6.19 0.05 5.85 0.60 0.62 Sel. Mideast 8/ 10.13 16.47 22.76 3.88 38.77 0.75 9.84 Southeast Asia 9/ 4.45 0.00 27.03 8.50 25.63 1.23 4.62 Selected Other India 27.80 109.59 0.03 7.00 109.88 8.03 19.50 Kazakhstan 1.48 11.81 2.50 1.35 6.20 8.10 1.49 United Kingdom 1.42 13.99 2.64 7.32 15.32 0.87 1.85 2022/23 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 272.60 790.20 210.47 156.42 793.49 217.17 269.31 World Less China 135.84 652.48 196.97 123.42 645.49 216.22 130.28 United States 19.01 44.90 3.32 2.35 30.79 20.65 15.79 Total Foreign 253.60 745.30 207.15 154.07 762.70 196.52 253.52 Major Exporters 4/ 39.72 333.90 13.12 75.45 183.20 159.30 44.23 Argentina 1.93 12.55 0.01 0.05 6.55 5.00 2.93 Australia 3.45 39.69 0.20 4.50 8.00 32.50 2.84 Canada 3.66 33.82 0.55 4.50 10.00 25.50 2.54 European Union 5/ 13.32 134.34 12.00 44.00 108.00 34.00 17.66 Russia 12.09 92.00 0.30 19.00 42.25 45.50 16.64 Ukraine 5.27 21.50 0.06 3.40 8.40 16.80 1.63 Major Importers 6/ 172.99 205.95 133.75 51.00 320.87 15.07 176.76 Bangladesh 1.31 1.10 5.20 0.20 6.70 0.00 0.91 Brazil 1.18 10.60 5.00 0.55 11.95 2.80 2.03 China 136.76 137.72 13.50 33.00 148.00 0.95 139.03 Japan 1.18 1.04 5.70 0.75 6.35 0.30 1.27 N. Africa 7/ 12.88 17.33 29.00 1.67 46.42 0.70 12.09 Nigeria 0.62 0.11 4.75 0.00 4.75 0.40 0.33 Sel. Mideast 8/ 9.84 17.19 24.30 3.68 39.62 0.57 11.14 Southeast Asia 9/ 4.62 0.00 24.20 7.35 24.15 1.15 3.53 Selected Other India 19.50 104.00 0.05 6.50 108.68 5.38 9.50 Kazakhstan 1.49 16.40 2.00 2.30 7.40 9.50 3.00 United Kingdom 1.85 15.54 1.90 7.00 15.00 1.80 2.49 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancie s in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines , Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2023 WASDE - 638 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jun 266.66 800.19 209.54 154.79 796.14 212.62 270.71 Jul 269.31 796.67 207.96 157.13 799.45 211.62 266.53 World Less China Jun 127.08 660.19 197.54 120.79 645.14 211.72 131.03 Jul 130.28 656.67 195.96 121.13 646.45 210.72 129.40 United States Jun 16.28 45.32 3.67 1.91 30.26 19.73 15.28 Jul 15.79 47.33 3.54 2.45 30.81 19.73 16.12 Total Foreign Jun 250.38 754.87 205.87 152.88 765.87 192.89 255.43 Jul 253.52 749.34 204.42 154.68 768.64 191.89 250.41 Major Exporters 4/ Jun 44.65 328.50 8.17 75.60 182.80 157.50 41.01 Jul 44.23 322.00 8.17 74.80 182.00 156.50 35.90 Argentina Jun 2.93 19.50 0.01 0.10 6.60 13.50 2.34 Jul 2.93 17.50 0.01 0.10 6.60 12.00 1.84 Australia Jun 3.15 29.00 0.20 4.50 8.00 21.00 3.35 Jul 2.84 29.00 0.20 4.20 7.70 21.50 2.84 Canada Jun 2.54 37.00 0.60 4.50 9.60 27.50 3.04 Jul 2.54 35.00 0.60 4.00 9.10 26.50 2.54 European Union 5/ Jun 16.66 140.50 7.00 45.00 109.50 38.50 16.16 Jul 17.66 138.00 7.00 45.00 109.50 38.50 14.66 Russia Jun 17.64 85.00 0.30 19.00 42.00 46.50 14.44 Jul 16.64 85.00 0.30 19.00 42.00 47.50 12.44 Ukraine Jun 1.73 17.50 0.06 2.50 7.10 10.50 1.69 Jul 1.63 17.50 0.06 2.50 7.10 10.50 1.59 Major Importers 6/ Jun 173.83 211.10 135.12 51.55 326.29 16.45 177.31 Jul 176.76 211.16 134.62 54.05 328.78 16.35 177.41 Bangladesh Jun 0.71 1.10 5.80 0.25 6.75 0.00 0.86 Jul 0.91 1.10 5.80 0.25 6.75 0.00 1.06 Brazil Jun 2.13 10.00 5.60 0.55 12.05 3.50 2.18 Jul 2.03 10.00 5.60 0.55 12.05 3.50 2.08 China Jun 139.58 140.00 12.00 34.00 151.00 0.90 139.68 Jul 139.03 140.00 12.00 36.00 153.00 0.90 137.13 Japan Jun 1.27 1.17 5.60 0.75 6.35 0.30 1.39 Jul 1.27 1.17 5.60 0.75 6.35 0.30 1.39 N. Africa 7/ Jun 10.13 16.17 31.90 1.45 47.30 0.60 10.30 Jul 12.09 16.73 31.40 1.75 47.65 0.60 11.97 Nigeria Jun 0.33 0.12 6.00 0.00 5.60 0.60 0.25 Jul 0.33 0.12 5.50 0.00 5.20 0.50 0.25 Sel. Mideast 8/ Jun 10.77 19.68 22.52 3.60 40.16 0.58 12.23 Jul 11.14 19.18 23.02 3.60 40.40 0.58 12.36 Southeast Asia 9/ Jun 3.83 0.00 26.00 7.45 24.33 1.13 4.38 Jul 3.53 0.00 26.00 7.45 24.33 1.13 4.08 Selected Other India Jun 9.50 113.50 0.10 5.50 108.10 1.00 14.00 Jul 9.50 113.50 0.10 5.50 108.10 1.00 14.00 Kazakhstan Jun 2.80 14.00 2.00 1.50 6.40 9.50 2.90 Jul 3.00 14.00 2.00 1.60 6.80 9.50 2.70 United Kingdom Jun 2.49 15.70 1.70 7.30 15.40 1.90 2.59 Jul 2.49 15.50 1.70 7.30 15.40 1.90 2.39 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Ir aq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2023 WASDE - 638 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 323.15 1,504.99 230.14 910.53 1,491.08 253.56 337.06 World Less China 115.69 1,224.14 188.64 682.70 1,171.05 253.56 127.29 United States 34.01 397.71 2.59 148.65 326.22 70.52 37.58 Total Foreign 289.14 1,107.28 227.54 761.88 1,164.86 183.05 299.48 Major Exporters 4/ 19.41 332.81 9.77 139.82 186.34 149.05 26.60 Argentina 2.06 59.16 0.01 12.82 18.59 40.11 2.52 Australia 2.98 19.22 0.00 5.89 7.76 10.83 3.61 Brazil 4.60 120.62 3.25 63.59 75.68 48.30 4.50 Canada 3.63 25.12 6.40 17.50 25.79 5.65 3.71 Russia 1.90 38.54 0.10 22.23 31.11 7.58 1.85 Ukraine 1.65 53.51 0.02 10.45 13.58 32.93 8.67 Major Importers 5/ 36.19 248.17 138.74 286.00 370.32 15.31 37.47 European Union 6/ 14.50 154.77 21.30 118.15 158.93 13.74 17.89 Japan 1.66 0.24 16.51 13.09 16.82 0.00 1.59 Mexico 3.60 32.79 18.56 31.05 50.77 0.25 3.93 N. Afr & Mideast 7/ 7.03 29.05 40.51 60.81 69.40 0.69 6.50 Saudi Arabia 1.33 0.15 8.28 8.02 8.35 0.00 1.41 Southeast Asia 8/ 5.29 30.90 17.33 41.11 49.48 0.63 3.40 South Korea 2.04 0.19 11.62 9.26 11.78 0.00 2.07 Selected Other China 207.46 280.85 41.50 227.83 320.03 0.01 209.77 2022/23 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 337.06 1,442.81 213.35 896.01 1,456.45 215.53 323.42 World Less China 127.29 1,157.31 182.10 666.58 1,135.82 215.48 117.57 United States 37.58 358.47 2.91 141.76 316.68 44.27 38.00 Total Foreign 299.48 1,084.34 210.44 754.25 1,139.77 171.25 285.42 Major Exporters 4/ 26.60 325.01 3.46 137.98 186.29 143.56 25.22 Argentina 2.52 42.71 0.01 10.65 16.66 26.00 2.57 Australia 3.61 18.67 0.00 6.42 8.30 10.48 3.51 Brazil 4.50 137.60 1.51 65.55 79.09 56.03 8.49 Canada 3.71 30.54 1.75 16.76 24.73 6.79 4.48 Russia 1.85 44.13 0.10 24.48 33.95 9.82 2.32 Ukraine 8.67 33.93 0.00 6.72 9.70 30.75 2.16 Major Importers 5/ 37.47 229.00 138.60 280.09 362.25 11.93 30.89 European Union 6/ 17.89 133.84 26.84 115.96 155.36 10.11 13.11 Japan 1.59 0.25 16.47 13.05 16.75 0.00 1.55 Mexico 3.93 32.33 18.00 31.37 50.78 0.20 3.28 N. Afr & Mideast 7/ 6.50 31.39 34.90 57.78 65.83 0.76 6.20 Saudi Arabia 1.41 0.14 8.41 8.41 8.75 0.00 1.21 Southeast Asia 8/ 3.40 30.81 17.88 39.65 48.15 0.87 3.07 South Korea 2.07 0.16 11.74 9.55 12.06 0.00 1.91 Selected Other China 209.77 285.50 31.25 229.43 320.63 0.05 205.85 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Afr ica and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2023 WASDE - 638 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jun 324.92 1,513.29 226.05 924.13 1,498.16 237.91 340.05 Jul 323.42 1,513.38 227.48 924.33 1,497.08 238.32 339.72 World Less China Jun 119.07 1,224.99 187.65 687.53 1,170.36 237.89 135.33 Jul 117.57 1,225.08 187.78 686.63 1,168.13 238.29 134.85 United States Jun 39.47 402.01 2.57 147.31 324.23 59.41 60.41 Jul 38.00 404.53 2.60 147.78 324.84 59.92 60.37 Total Foreign Jun 285.45 1,111.28 223.48 776.81 1,173.93 178.50 279.64 Jul 285.42 1,108.85 224.88 776.54 1,172.23 178.40 279.36 Major Exporters 4/ Jun 25.35 330.29 3.69 139.85 189.40 147.95 21.98 Jul 25.22 330.97 3.69 140.53 189.68 148.45 21.75 Argentina Jun 2.52 62.58 0.01 11.51 17.62 44.90 2.58 Jul 2.57 63.38 0.01 11.51 17.62 45.70 2.63 Australia Jun 3.61 13.74 0.00 5.76 7.64 7.61 2.10 Jul 3.51 13.74 0.00 5.76 7.64 7.61 2.00 Brazil Jun 8.49 134.33 1.70 67.30 82.34 55.02 7.17 Jul 8.49 134.33 1.70 67.30 82.34 55.02 7.17 Canada Jun 4.48 28.35 1.85 16.41 24.45 6.48 3.74 Jul 4.48 28.43 1.85 16.99 24.63 6.48 3.64 Russia Jun 2.32 42.25 0.10 24.00 33.40 9.01 2.27 Jul 2.32 42.25 0.10 24.10 33.50 8.91 2.27 Ukraine Jun 2.24 31.67 0.00 7.45 10.03 21.53 2.35 Jul 2.16 31.47 0.00 7.45 10.03 21.33 2.27 Major Importers 5/ Jun 30.78 245.51 143.63 292.16 375.43 14.08 30.42 Jul 30.89 242.41 143.83 290.21 373.43 13.48 30.22 European Union 6/ Jun 13.08 146.65 23.98 118.11 157.83 12.40 13.47 Jul 13.11 143.30 25.48 117.21 156.88 11.80 13.21 Japan Jun 1.55 0.25 17.01 13.34 17.24 0.00 1.57 Jul 1.55 0.25 17.01 13.34 17.24 0.00 1.57 Mexico Jun 3.28 33.24 18.78 32.55 52.37 0.30 2.63 Jul 3.28 33.24 18.78 32.55 52.37 0.30 2.63 N. Afr & Mideast 7/ Jun 6.16 33.67 38.57 63.53 71.73 0.77 5.90 Jul 6.20 33.92 37.87 63.08 71.28 0.77 5.95 Saudi Arabia Jun 1.21 0.15 9.41 9.22 9.56 0.00 1.21 Jul 1.21 0.15 8.81 8.62 8.96 0.00 1.21 Southeast Asia 8/ Jun 3.05 31.31 19.31 41.35 49.90 0.61 3.14 Jul 3.07 31.31 19.31 41.35 49.90 0.61 3.17 South Korea Jun 1.91 0.16 11.91 9.54 12.03 0.00 1.95 Jul 1.91 0.16 11.91 9.54 12.03 0.00 1.95 Selected Other China Jun 205.85 288.30 38.40 236.60 327.80 0.03 204.72 Jul 205.85 288.30 39.70 237.70 328.95 0.03 204.87 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World import s and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected Nor th Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2023 WASDE - 638 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 293.07 1,218.70 184.48 745.93 1,201.90 206.46 309.88 World Less China 87.37 946.15 162.60 536.93 910.90 206.45 100.74 United States 31.36 382.89 0.62 145.27 317.09 62.80 34.98 Total Foreign 261.71 835.81 183.87 600.66 884.81 143.66 274.90 Major Exporters 4/ 9.04 238.99 2.67 94.40 117.70 117.60 15.39 Argentina 1.18 49.50 0.01 10.50 14.50 34.69 1.50 Brazil 4.15 116.00 2.60 59.50 70.50 48.28 3.97 Russia 0.75 15.23 0.05 10.00 11.10 4.00 0.93 South Africa 2.12 16.14 0.00 7.20 13.20 3.65 1.41 Ukraine 0.83 42.13 0.02 7.20 8.40 26.98 7.59 Major Importers 5/ 21.73 136.59 94.28 165.82 222.25 6.91 23.45 Egypt 1.36 7.44 9.76 14.50 17.00 0.00 1.56 European Union 6/ 7.83 71.37 19.74 60.00 81.70 6.03 11.21 Japan 1.42 0.01 15.00 11.70 15.04 0.00 1.39 Mexico 3.08 26.76 17.57 25.80 44.00 0.25 3.16 Southeast Asia 7/ 5.28 30.85 16.15 40.10 48.25 0.63 3.39 South Korea 2.02 0.09 11.51 9.22 11.56 0.00 2.06 Selected Other Canada 2.17 14.61 6.14 12.17 17.98 2.19 2.75 China 205.70 272.55 21.88 209.00 291.00 0.00 209.14 2022/23 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2 / Exports Ending Stocks World 3/ 309.88 1,150.68 175.05 732.43 1,164.26 176.57 296.30 World Less China 100.74 873.48 157.05 514.43 865.26 176.55 90.98 United States 34.98 348.75 0.64 137.80 306.85 41.91 35.60 Total Foreign 274.90 801.93 174.42 594.63 857.42 134.66 260.69 Major Exporters 4/ 15.39 226.83 1.06 90.50 115.30 114.80 13.19 Argentina 1.50 34.00 0.01 8.00 12.00 22.00 1.51 Brazil 3.97 133.00 1.00 61.50 74.00 56.00 7.97 Russia 0.93 15.83 0.05 9.70 10.80 5.10 0.91 South Africa 1.41 17.00 0.00 7.30 13.30 3.70 1.41 Ukraine 7.59 27.00 0.00 4.00 5.20 28.00 1.39 Major Importers 5/ 23.45 117.85 95.02 158.40 213.60 4.57 18.15 Egypt 1.56 7.44 6.00 11.00 13.50 0.00 1.50 European Union 6/ 11.21 52.97 24.50 57.50 78.10 3.50 7.08 Japan 1.39 0.01 15.00 11.70 15.00 0.00 1.40 Mexico 3.16 26.50 17.20 26.00 44.00 0.20 2.66 Southeast Asia 7/ 3.39 30.76 16.42 38.40 46.65 0.87 3.06 South Korea 2.06 0.09 11.60 9.50 11.85 0.00 1.90 Selected Other Canada 2.75 14.54 1.70 9.30 14.60 1.90 2.49 China 209.14 277.20 18.00 218.00 299.00 0.02 205.32 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2023 WASDE - 638 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jun 297.55 1,222.77 187.00 760.79 1,206.35 197.76 313.98 Jul 296.30 1,224.47 188.40 762.09 1,206.65 198.26 314.12 World Less China Jun 92.24 942.77 164.00 537.79 902.35 197.74 109.68 Jul 90.98 944.47 165.40 539.09 902.65 198.24 109.82 United States Jun 36.87 387.75 0.64 143.52 314.59 53.34 57.32 Jul 35.60 389.15 0.64 143.52 314.59 53.34 57.45 Total Foreign Jun 260.68 835.02 186.37 617.27 891.75 144.42 256.65 Jul 260.69 835.32 187.77 618.57 892.05 144.92 256.67 Major Exporters 4/ Jun 13.19 240.60 1.26 94.40 120.70 122.10 12.24 Jul 13.19 241.10 1.26 94.40 120.70 122.60 12.24 Argentina Jun 1.51 54.00 0.01 9.30 13.50 40.50 1.51 Jul 1.51 54.00 0.01 9.30 13.50 40.50 1.51 Brazil Jun 7.97 129.00 1.20 62.50 76.50 55.00 6.67 Jul 7.97 129.00 1.20 62.50 76.50 55.00 6.67 Russia Jun 0.91 16.30 0.05 10.80 11.90 4.20 1.16 Jul 0.91 16.30 0.05 10.80 11.90 4.20 1.16 South Africa Jun 1.41 16.80 0.00 7.30 13.30 3.40 1.51 Jul 1.41 16.80 0.00 7.30 13.30 3.40 1.51 Ukraine Jun 1.39 24.50 0.00 4.50 5.50 19.00 1.39 Jul 1.39 25.00 0.00 4.50 5.50 19.50 1.39 Major Importers 5/ Jun 18.12 130.75 99.35 168.20 224.45 5.91 17.86 Jul 18.15 129.85 100.85 168.80 225.05 5.91 17.88 Egypt Jun 1.50 7.60 8.50 13.70 16.20 0.00 1.40 Jul 1.50 7.60 8.50 13.70 16.20 0.00 1.40 European Union 6/ Jun 7.08 64.30 22.50 60.50 81.50 5.00 7.38 Jul 7.08 63.40 24.00 61.10 82.10 5.00 7.38 Japan Jun 1.40 0.01 15.50 12.00 15.50 0.00 1.42 Jul 1.40 0.01 15.50 12.00 15.50 0.00 1.42 Mexico Jun 2.66 27.40 18.00 27.30 45.70 0.30 2.06 Jul 2.66 27.40 18.00 27.30 45.70 0.30 2.06 Southeast Asia 7/ Jun 3.04 31.26 18.45 40.70 49.00 0.61 3.14 Jul 3.06 31.26 18.45 40.70 49.00 0.61 3.16 South Korea Jun 1.90 0.09 11.80 9.50 11.85 0.00 1.94 Jul 1.90 0.09 11.80 9.50 11.85 0.00 1.94 Selected Other Canada Jun 2.49 14.30 1.80 9.20 14.60 1.80 2.19 Jul 2.49 15.00 1.80 10.00 15.30 1.80 2.19 China Jun 205.32 280.00 23.00 223.00 304.00 0.02 204.30 Jul 205.32 280.00 23.00 223.00 304.00 0.02 204.30 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2023 WASDE - 638 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 187.33 513.74 54.67 518.63 56.90 182.44 World Less China 70.83 364.75 48.72 362.27 54.82 69.44 United States 1.39 6.08 1.20 4.76 2.65 1.26 Total Foreign 185.94 507.66 53.47 513.88 54.25 181.17 Major Exporters 4/ 46.82 197.74 1.76 158.90 43.91 43.51 Burma 1.31 12.40 0.00 10.40 2.34 0.98 India 37.00 129.47 0.00 110.45 22.03 34.00 Pakistan 1.89 9.32 0.01 3.75 4.82 2.65 Thailand 3.98 19.88 0.05 12.80 7.68 3.43 Vietnam 2.64 26.67 1.70 21.50 7.05 2.46 Major Importers 5/ 126.78 242.00 22.43 263.11 2.54 125.55 China 116.50 148.99 5.95 156.36 2.08 113.00 European Union 6/ 0.68 1.73 2.41 3.50 0.41 0.91 Indonesia 3.06 34.40 0.74 35.30 0.00 2.90 Nigeria 1.69 5.26 2.45 7.35 0.00 2.05 Philippines 2.36 12.54 3.60 15.40 0.00 3.10 Sel. Mideast 7/ 0.91 2.15 4.32 6.15 0.00 1.22 Selected Other Brazil 1.17 7.34 0.93 7.15 1.39 0.90 C. Amer & Carib 8/ 0.57 1.62 1.68 3.27 0.04 0.57 Egypt 1.16 2.90 0.61 4.05 0.01 0.61 Japan 1.94 7.64 0.69 8.20 0.12 1.95 Mexico 0.20 0.18 0.74 0.97 0.01 0.14 South Korea 1.02 3.88 0.44 3.95 0.05 1.33 2022/23 Est. Beginning Stocks Productio n Imports Total /2 Domestic Exports Ending Stocks World 3/ 182.44 512.49 54.51 521.37 55.57 173.56 World Less China 69.44 366.55 49.91 366.43 53.77 66.76 United States 1.26 5.09 1.22 4.76 2.00 0.81 Total Foreign 181.17 507.40 53.28 516.61 53.57 172.75 Major Exporters 4/ 43.51 200.50 1.76 160.75 44.05 40.97 Burma 0.98 11.80 0.00 10.25 1.85 0.68 India 34.00 136.00 0.00 112.50 22.50 35.00 Pakistan 2.65 5.50 0.01 3.60 3.70 0.86 Thailand 3.43 20.20 0.05 12.80 8.50 2.38 Vietnam 2.46 27.00 1.70 21.60 7.50 2.06 Major Importers 5/ 125.55 238.72 22.18 263.95 2.24 120.26 China 113.00 145.95 4.60 154.95 1.80 106.80 European Union 6/ 0.91 1.34 2.50 3.55 0.40 0.80 Indonesia 2.90 34.00 1.75 35.30 0.00 3.35 Nigeria 2.05 5.36 2.10 7.50 0.00 2.00 Philippines 3.10 12.60 3.90 16.10 0.00 3.50 Sel. Mideast 7/ 1.22 2.02 4.50 6.35 0.00 1.39 Selected Other Brazil 0.90 6.80 0.90 6.90 1.10 0.60 C. Amer & Carib 8/ 0.57 1.50 1.86 3.30 0.05 0.58 Egypt 0.61 3.60 0.45 4.00 0.01 0.66 Japan 1.95 7.48 0.69 8.20 0.12 1.80 Mexico 0.14 0.14 0.80 0.98 0.01 0.09 South Korea 1.33 3.76 0.38 4.00 0.06 1.42 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. July 2023 WASDE - 638 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Jun 173.49 520.49 53.50 523.77 55.81 170.21 Jul 173.56 520.77 54.15 523.91 56.43 170.42 World Less China Jun 66.69 371.49 48.50 371.77 53.81 63.41 Jul 66.76 371.77 49.15 371.91 54.43 63.62 United States Jun 0.84 6.12 1.24 4.89 2.35 0.96 Jul 0.81 6.38 1.21 4.92 2.54 0.94 Total Foreign Jun 172.65 514.37 52.26 518.88 53.46 169.25 Jul 172.75 514.39 52.94 518.99 53.89 169.48 Major Exporters 4/ Jun 40.75 202.20 1.46 162.35 43.90 38.15 Jul 40.97 202.20 1.76 162.25 44.30 38.38 Burma Jun 0.58 12.50 0.00 10.30 2.20 0.59 Jul 0.68 12.50 0.00 10.30 2.10 0.79 India Jun 35.00 134.00 0.00 114.00 23.00 32.00 Jul 35.00 134.00 0.00 114.00 23.00 32.00 Pakistan Jun 0.86 9.00 0.01 3.75 4.50 1.61 Jul 0.86 9.00 0.01 3.75 4.50 1.61 Thailand Jun 2.55 19.70 0.15 12.70 7.50 2.20 Jul 2.38 19.70 0.05 12.50 7.50 2.13 Vietnam Jun 1.75 27.00 1.30 21.60 6.70 1.75 Jul 2.06 27.00 1.70 21.70 7.20 1.86 Major Importers 5/ Jun 120.44 242.99 21.40 262.55 2.46 119.82 Jul 120.26 242.99 21.40 262.45 2.46 119.74 China Jun 106.80 149.00 5.00 152.00 2.00 106.80 Jul 106.80 149.00 5.00 152.00 2.00 106.80 European Union 6/ Jun 0.90 1.46 2.65 3.75 0.40 0.86 Jul 0.80 1.46 2.65 3.65 0.40 0.86 Indonesia Jun 3.35 34.45 0.70 35.20 0.00 3.30 Jul 3.35 34.45 0.70 35.20 0.00 3.30 Nigeria Jun 2.00 5.23 2.20 7.60 0.00 1.83 Jul 2.00 5.23 2.20 7.60 0.00 1.83 Philippines Jun 3.50 12.60 3.80 16.50 0.00 3.40 Jul 3.50 12.60 3.80 16.50 0.00 3.40 Sel. Mideast 7/ Jun 1.39 2.12 4.50 6.65 0.00 1.36 Jul 1.39 2.12 4.50 6.65 0.00 1.36 Selected Other Brazil Jun 0.60 6.80 0.95 6.80 0.90 0.65 Jul 0.60 6.80 0.95 6.80 0.90 0.65 C. Amer & Carib 8/ Jun 0.54 1.53 1.74 3.24 0.03 0.54 Jul 0.58 1.52 1.83 3.30 0.04 0.59 Egypt Jun 0.66 3.78 0.40 4.10 0.01 0.73 Jul 0.66 3.78 0.40 4.10 0.01 0.73 Japan Jun 1.80 7.45 0.69 8.20 0.12 1.61 Jul 1.80 7.45 0.69 8.20 0.12 1.61 Mexico Jun 0.09 0.17 0.85 1.00 0.01 0.10 Jul 0.09 0.17 0.85 1.00 0.01 0.10 South Korea Jun 1.46 3.57 0.42 4.00 0.06 1.40 Jul 1.42 3.60 0.42 4.00 0.06 1.39 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. July 2023 WASDE - 638 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2021/22 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 86.32 115.66 42.62 116.00 42.86 -0.30 86.04 World Less China 48.53 88.86 34.78 82.25 42.74 -0.30 47.47 United States 3.15 17.52 0.01 2.55 14.48 -0.10 3.75 Total Foreign 83.17 98.13 42.62 113.45 28.38 -0.20 82.29 Major Exporters 4/ 32.91 55.44 1.60 34.29 24.12 -0.20 31.75 Central Asia 5/ 3.02 5.12 0.06 4.27 1.51 0.00 2.42 Afr. Fr. Zone 6/ 1.74 5.98 3/ 0.10 6.09 -0.01 1.54 S. Hemis. 7/ 15.83 19.53 0.19 4.46 12.42 -0.19 18.86 Australia 2.51 5.85 3/ 0.01 3.58 -0.19 4.96 Brazil 11.12 11.72 0.02 3.30 7.73 0.00 11.84 India 11.94 24.40 1.00 25.00 3.74 0.00 8.60 Major Importers 8/ 47.94 39.65 38.69 75.22 2.95 0.00 48.11 Mexico 0.44 1.22 0.96 1.85 0.40 0.00 0.37 China 37.79 26.80 7.84 33.75 0.12 0.00 38.56 European Union 9/ 0.37 1.67 0.64 0.62 1.77 0.00 0.30 Turkey 2.71 3.80 5.52 8.70 0.57 0.00 2.77 Pakistan 2.18 6.00 4.50 10.70 0.05 0.00 1.93 Indonesia 0.50 3/ 2.58 2.60 0.01 0.00 0.46 Thailand 0.13 3/ 0.75 0.74 0.00 0.00 0.15 Bangladesh 2.48 0.15 8.20 8.50 0.00 0.00 2.33 Vietnam 1.09 3/ 6.63 6.70 0.00 0.00 1.02 2022/23 Est. Beginning Stocks Productio n Imports Domestic Use Exports Loss /2 Ending Stocks World 86.04 117.97 37.11 109.77 37.56 -0.16 93.95 World Less China 47.47 87.27 30.76 73.27 37.43 -0.16 54.96 United States 3.75 14.47 3/ 2.05 12.90 0.02 3.25 Total Foreign 82.29 103.50 37.11 107.72 24.66 -0.18 90.70 Major Exporters 4/ 31.75 57.48 2.25 32.16 20.50 -0.19 39.01 Central Asia 5/ 2.42 5.73 0.03 3.83 1.14 0.00 3.22 Afr. Fr. Zone 6/ 1.54 4.02 3/ 0.10 4.02 0.00 1.43 S. Hemis. 7/ 18.86 21.18 0.15 4.28 13.69 -0.19 22.42 Australia 4.96 5.80 3/ 0.01 6.60 -0.19 4.34 Brazil 11.84 13.70 0.02 3.20 6.50 0.00 15.85 India 8.60 26.00 1.75 23.50 1.25 0.00 11.60 Major Importers 8/ 48.11 42.88 32.40 71.73 2.85 0.01 48.80 Mexico 0.37 1.58 0.90 1.80 0.40 0.00 0.65 China 38.56 30.70 6.35 36.50 0.13 0.00 38.99 European Union 9/ 0.30 1.64 0.55 0.56 1.47 0.00 0.46 Turkey 2.77 4.90 4.05 7.30 0.80 0.01 3.61 Pakistan 1.93 3.90 4.30 8.60 0.03 0.00 1.50 Indonesia 0.46 3/ 1.60 1.70 0.02 0.00 0.35 Thailand 0.15 3/ 0.73 0.73 0.00 0.00 0.15 Bangladesh 2.33 0.15 6.60 7.20 0.00 0.00 1.88 Vietnam 1.02 3/ 6.45 6.45 0.00 0.00 1.03 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on suppl y less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regi ons listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. July 2023 WASDE - 638 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2023/24 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Jun 92.89 116.72 43.74 117.00 43.75 -0.20 92.79 Jul 93.95 116.84 43.49 116.45 43.51 -0.20 94.52 World Less China Jun 53.75 89.72 34.24 79.50 43.65 -0.20 54.75 Jul 54.96 89.84 33.74 79.45 43.41 -0.20 55.88 United States Jun 3.20 16.50 0.01 2.20 14.00 0.01 3.50 Jul 3.25 16.50 0.01 2.20 13.75 0.01 3.80 filler filler filler filler filler filler filler Total Foreign Jun 89.69 100.22 43.73 114.80 29.75 -0.20 89.29 Jul 90.70 100.34 43.48 114.25 29.76 -0.20 90.72 Major Exporters 4/ Jun 37.90 57.84 2.12 33.70 25.73 -0.20 38.63 Jul 39.01 57.29 2.12 33.75 25.70 -0.20 39.17 Central Asia 5/ Jun 3.18 5.41 0.10 4.27 1.43 0.00 2.99 Jul 3.22 5.41 0.10 4.27 1.40 0.00 3.05 Afr. Fr. Zone 6/ Jun 1.43 5.32 3/ 0.10 5.20 0.00 1.45 Jul 1.43 5.32 3/ 0.10 5.10 0.00 1.55 S. Hemis. 7/ Jun 21.84 21.03 0.17 4.30 16.28 -0.20 22.66 Jul 22.42 20.48 0.17 4.35 16.58 -0.20 22.34 Australia Jun 3.94 5.80 3/ 0.01 6.00 -0.20 3.93 Jul 4.34 5.40 3/ 0.01 5.80 -0.20 4.13 filler filler filler filler filler filler filler Brazil Jun 15.35 13.25 0.02 3.30 9.25 0.00 16.07 Jul 15.85 13.25 0.02 3.30 9.75 0.00 16.07 India Jun 11.10 25.50 1.50 24.50 2.40 0.00 11.20 Jul 11.60 25.50 1.50 24.50 2.20 0.00 11.90 Major Importers 8/ Jun 48.90 39.33 39.21 77.09 2.57 0.00 47.78 Jul 48.80 39.91 38.96 76.49 2.53 0.00 48.65 Mexico Jun 0.65 1.28 1.00 1.95 0.40 0.00 0.57 Jul 0.65 1.28 1.00 1.95 0.40 0.00 0.57 China Jun 39.14 27.00 9.50 37.50 0.10 0.00 38.04 Jul 38.99 27.00 9.75 37.00 0.10 0.00 38.64 European Union 9/ Jun 0.46 1.49 0.57 0.62 1.50 0.00 0.40 Jul 0.46 1.48 0.57 0.62 1.46 0.00 0.43 Turkey Jun 3.61 3.50 4.40 8.00 0.50 0.00 3.01 Jul 3.61 3.50 4.30 7.90 0.50 0.00 3.01 Pakistan Jun 1.50 5.90 4.50 9.80 0.05 0.00 2.05 Jul 1.50 6.50 4.20 10.00 0.05 0.00 2.15 Indonesia Jun 0.35 3/ 2.30 2.30 0.01 0.00 0.35 Jul 0.35 3/ 2.40 2.30 0.01 0.00 0.45 Thailand Jun 0.15 3/ 0.74 0.74 0.00 0.00 0.15 Jul 0.15 3/ 0.74 0.74 0.00 0.00 0.15 Bangladesh Jun 1.88 0.16 8.10 8.10 0.00 0.00 2.04 Jul 1.88 0.16 8.00 8.00 0.00 0.00 2.04 Vietnam Jun 0.98 3/ 7.10 7.10 0.00 0.00 0.98 Jul 1.03 3/ 7.00 7.00 0.00 0.00 1.03 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on suppl y less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso , Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. July 2023 WASDE - 638 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 100.15 360.12 156.60 314.35 363.84 153.88 99.14 World Less China 69.29 343.72 65.04 226.45 255.44 153.78 68.83 United States 6.99 121.53 0.43 59.98 62.92 58.57 7.47 Total Foreign 93.15 238.59 156.17 254.37 300.93 95.31 91.67 Major Exporters 3/ 55.39 181.82 4.43 91.83 102.47 87.25 51.93 Argentina 25.06 43.90 3.84 38.83 46.04 2.86 23.90 Brazil 29.58 130.50 0.54 50.71 53.96 79.06 27.60 Paraguay 0.48 4.18 0.04 2.20 2.25 2.27 0.18 Major Importers 4/ 34.24 20.29 123.79 116.74 144.66 0.42 33.23 China 30.86 16.40 91.57 87.90 108.40 0.10 30.32 European Union 1.56 2.83 14.55 15.40 16.97 0.29 1.68 Southeast Asia 5/ 1.19 0.53 8.26 4.45 9.27 0.02 0.69 Mexico 0.46 0.29 5.96 6.35 6.40 0.00 0.30 2022/23 Est. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 99.14 369.72 165.81 311.20 362.84 168.93 102.90 World Less China 68.83 349.44 66.81 220.20 250.14 168.80 66.13 United States 7.47 116.38 0.68 60.42 63.69 53.89 6.95 Total Foreign 91.67 253.34 165.13 250.78 299.15 115.04 95.95 Major Exporters 3/ 51.93 191.00 8.97 86.09 96.40 104.60 50.90 Argentina 23.90 25.00 8.70 30.00 36.25 3.80 17.55 Brazil 27.60 156.00 0.25 53.00 56.80 94.00 33.05 Paraguay 0.18 8.80 0.01 3.00 3.13 5.70 0.16 Major Importers 4/ 33.23 23.74 132.01 119.41 148.86 0.39 39.72 China 30.32 20.28 99.00 91.00 112.70 0.13 36.77 European Union 1.68 2.55 13.90 14.70 16.28 0.25 1.61 Southeast Asia 5/ 0.69 0.49 9.21 4.61 9.66 0.02 0.71 Mexico 0.30 0.18 6.40 6.50 6.55 0.00 0.33 2023/24 Proj. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ Jun 101.32 410.70 169.82 331.91 386.09 172.41 123.34 Jul 102.90 405.31 166.57 330.25 384.51 169.29 120.98 World Less China Jun 65.53 390.20 69.82 236.91 268.09 172.31 85.15 Jul 66.13 384.81 67.57 235.25 266.51 169.19 82.81 United States Jun 6.27 122.74 0.54 62.87 66.29 53.75 9.52 Jul 6.95 117.03 0.54 62.60 66.01 50.35 8.16 Total Foreign Jun 95.05 287.96 169.28 269.05 319.81 118.66 113.83 Jul 95.95 288.28 166.03 267.66 318.50 118.94 112.83 Major Exporters 3/ Jun 51.38 223.90 6.18 95.35 106.29 109.40 65.77 Jul 50.90 223.90 6.18 95.60 106.54 109.40 65.04 Argentina Jun 17.55 48.00 5.70 36.00 42.70 4.60 23.95 Jul 17.55 48.00 5.70 36.25 42.95 4.60 23.70 Brazil Jun 33.55 163.00 0.45 55.75 59.70 96.50 40.80 Jul 33.05 163.00 0.45 55.75 59.70 96.50 40.30 Paraguay Jun 0.16 10.00 0.02 3.50 3.65 5.90 0.63 Jul 0.16 10.00 0.02 3.50 3.65 5.90 0.63 Major Importers 4/ Jun 38.77 24.68 134.64 124.93 155.90 0.42 41.77 Jul 39.72 24.68 133.09 124.41 155.38 0.42 41.69 China Jun 35.80 20.50 100.00 95.00 118.00 0.10 38.20 Jul 36.77 20.50 99.00 95.00 118.00 0.10 38.17 European Union Jun 1.61 3.22 14.00 15.15 16.74 0.30 1.78 Jul 1.61 3.22 14.00 15.15 16.74 0.30 1.78 Southeast Asia 5/ Jun 0.73 0.47 10.64 5.58 10.83 0.02 1.00 Jul 0.71 0.47 10.24 5.16 10.41 0.02 1.00 Mexico Jun 0.33 0.24 6.55 6.60 6.66 0.00 0.46 Jul 0.33 0.24 6.40 6.50 6.56 0.00 0.41 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and impo rts. Therefore, world supply may not equal world use. 3/ Includes Uruguay 4/ Includes Japan 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. July 2023 WASDE - 638 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 15.41 246.62 67.00 244.38 68.76 15.89 World Less China 15.41 177.00 66.94 175.19 68.28 15.89 United States 0.31 47.01 0.59 35.34 12.28 0.28 Total Foreign 15.10 199.62 66.41 209.04 56.48 15.60 Major Exporters 3/ 6.54 76.39 0.79 29.15 47.74 6.84 Argentina 2.29 30.29 0.14 3.33 26.59 2.80 Brazil 4.06 39.31 0.01 19.55 20.21 3.62 India 0.19 6.80 0.65 6.27 0.94 0.42 Major Importers 4/ 2.39 22.60 38.56 60.10 1.12 2.34 European Union 0.54 12.17 16.70 28.04 0.77 0.60 Mexico 0.20 5.02 1.83 6.88 0.02 0.15 Southeast Asia 5/ 1.60 3.47 18.33 21.54 0.33 1.53 China 0.00 69.62 0.06 69.19 0.48 0.00 2022/23 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 15.89 244.56 62.89 245.12 66.09 12.14 World Less China 15.89 172.48 62.85 173.70 65.39 12.14 United States 0.28 47.69 0.61 35.56 12.70 0.32 Total Foreign 15.60 196.87 62.28 209.55 53.39 11.82 Major Exporters 3/ 6.84 72.47 0.14 29.93 44.40 5.13 Argentina 2.80 23.40 0.08 3.35 21.20 1.72 Brazil 3.62 41.07 0.02 20.00 21.50 3.21 India 0.42 8.00 0.05 6.58 1.70 0.19 Major Importers 4/ 2.34 22.31 36.97 58.83 1.01 1.76 European Union 0.60 11.61 16.00 27.04 0.70 0.47 Mexico 0.15 5.14 1.85 6.95 0.01 0.18 Southeast Asia 5/ 1.53 3.60 17.55 21.31 0.30 1.07 China 0.00 72.07 0.04 71.41 0.70 0.00 2023/24 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Jun 12.11 260.54 66.42 255.14 69.53 14.40 Jul 12.14 259.23 67.04 254.19 70.07 14.14 World Less China Jun 12.11 185.30 66.37 180.35 69.03 14.40 Jul 12.14 183.99 66.99 179.40 69.57 14.14 United States Jun 0.32 49.33 0.59 36.45 13.43 0.36 Jul 0.32 49.15 0.59 36.27 13.43 0.36 Total Foreign Jun 11.79 211.21 65.83 218.69 56.10 14.04 Jul 11.82 210.08 66.45 217.92 56.65 13.77 Major Exporters 3/ Jun 5.39 79.13 0.12 31.30 46.90 6.43 Jul 5.13 79.40 0.12 31.22 47.40 6.03 Argentina Jun 1.75 28.08 0.01 3.45 24.30 2.09 Jul 1.72 28.28 0.01 3.45 24.50 2.06 Brazil Jun 3.45 43.21 0.01 20.70 21.80 4.16 Jul 3.21 43.21 0.01 20.70 22.00 3.73 India Jun 0.19 7.84 0.10 7.15 0.80 0.18 Jul 0.19 7.92 0.10 7.07 0.90 0.24 Major Importers 4/ Jun 1.79 23.49 37.68 60.05 1.05 1.86 Jul 1.76 23.08 37.88 59.83 1.02 1.88 European Union Jun 0.47 11.97 15.75 26.99 0.70 0.49 Jul 0.47 11.97 15.75 26.99 0.70 0.49 Mexico Jun 0.18 5.22 1.95 7.10 0.02 0.23 Jul 0.18 5.14 2.00 7.10 0.02 0.20 Southeast Asia 5/ Jun 1.09 4.35 18.33 22.36 0.33 1.08 Jul 1.07 4.02 18.53 22.19 0.31 1.12 China Jun 0.00 75.24 0.05 74.79 0.50 0.00 Jul 0.00 75.24 0.05 74.79 0.50 0.00 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ Includes Japan. 5/ Indonesia, Malaysi a, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. July 2023 WASDE - 638 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 5.41 59.24 11.55 59.25 12.24 4.70 World Less China 4.37 43.49 11.25 42.55 12.13 4.44 United States 0.97 11.86 0.14 11.26 0.80 0.90 Total Foreign 4.44 47.38 11.41 47.99 11.44 3.80 Major Exporters 3/ 1.25 20.77 0.59 12.49 8.62 1.49 Argentina 0.30 7.66 0.09 2.66 4.87 0.52 Brazil 0.47 9.76 0.03 7.45 2.41 0.41 European Union 0.44 2.93 0.46 2.31 0.97 0.55 Major Importers 4/ 1.68 18.90 6.64 26.16 0.28 0.78 China 1.03 15.75 0.29 16.70 0.11 0.26 India 0.27 1.53 4.23 5.83 0.02 0.19 North Africa 5/ 0.36 1.19 1.42 2.53 0.14 0.31 2022/23 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 4.70 58.49 9.99 57.63 10.84 4.72 World Less China 4.44 42.18 9.69 41.73 10.73 3.86 United States 0.90 11.88 0.17 11.90 0.18 0.88 Total Foreign 3.80 46.61 9.82 45.73 10.66 3.84 Major Exporters 3/ 1.49 19.50 0.53 12.56 7.78 1.19 Argentina 0.52 5.93 0.00 2.25 3.85 0.36 Brazil 0.41 10.21 0.08 7.93 2.45 0.31 European Union 0.55 2.79 0.45 2.33 0.98 0.49 Major Importers 4/ 0.78 19.32 5.69 24.20 0.18 1.43 China 0.26 16.31 0.30 15.90 0.11 0.86 India 0.19 1.80 3.45 5.10 0.02 0.33 North Africa 5/ 0.31 0.87 1.29 2.23 0.05 0.19 2023/24 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Jun 4.53 62.36 10.80 60.80 11.68 5.21 Jul 4.72 62.07 10.68 60.56 11.62 5.29 World Less China Jun 3.90 45.33 10.30 43.70 11.58 4.26 Jul 3.86 45.05 10.28 43.46 11.52 4.21 United States Jun 0.88 12.31 0.16 12.25 0.27 0.83 Jul 0.88 12.26 0.17 12.27 0.20 0.83 Total Foreign Jun 3.65 50.04 10.65 48.56 11.41 4.38 Jul 3.84 49.81 10.51 48.29 11.42 4.46 Major Exporters 3/ Jun 1.33 21.39 0.43 13.41 8.39 1.34 Jul 1.19 21.44 0.43 13.41 8.44 1.20 Argentina Jun 0.41 7.11 0.00 2.55 4.50 0.47 Jul 0.36 7.16 0.00 2.55 4.55 0.42 Brazil Jun 0.41 10.73 0.03 8.53 2.20 0.44 Jul 0.31 10.73 0.03 8.53 2.20 0.35 European Union Jun 0.49 2.88 0.40 2.27 1.10 0.41 Jul 0.49 2.88 0.40 2.27 1.10 0.41 Major Importers 4/ Jun 1.07 20.27 5.99 25.65 0.20 1.48 Jul 1.43 20.18 5.85 25.51 0.18 1.76 China Jun 0.63 17.02 0.50 17.10 0.10 0.95 Jul 0.86 17.02 0.40 17.10 0.10 1.08 India Jun 0.18 1.73 3.20 4.94 0.02 0.16 Jul 0.33 1.78 3.20 4.98 0.02 0.31 North Africa 5/ Jun 0.20 1.05 1.49 2.40 0.07 0.26 Jul 0.19 0.97 1.45 2.32 0.05 0.24 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Includes Paraguay 4/ Includes Bangladesh 5/ Algeria, Egypt, Morocco, a nd Tunisia. Totals may not add due to rounding. July 2023 WASDE - 638 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2022 III 7,144 6,534 13,723 11,896 1,264 13,312 27,035 2,259 56.4 IV 7,052 6,919 14,017 11,861 1,310 13,310 27,327 2,277 55.9 Annual 28,291 26,996 55,471 46,206 5,222 51,997 107,469 9,074 226.5 2023 I 6,821 7,071 13,937 11,549 1,348 13,039 26,976 2,209 56.9 II 6,710 6,600 13,355 11,500 1,375 13,020 26,375 2,290 58.2 III* 6,810 6,570 13,425 12,150 1,320 13,615 27,040 2,355 56.9 IV* 6,820 7,130 13,996 11,900 1,410 13,440 27,436 2,430 56.4 Annual Jun Proj. 27,086 27,376 54,642 46,899 5,383 52,844 107,486 9,279 228.4 Jul Proj. 27,161 27,371 54,712 47,099 5,453 53,114 107,826 9,284 228.4 2024 I* 6,155 6,895 13,094 11,760 1,390 13,290 26,384 2,355 57.7 II* 6,180 6,520 12,746 11,760 1,400 13,300 26,046 2,385 58.6 Annual Jun Proj. 24,795 27,350 52,325 47,820 5,640 54,015 106,340 9,615 230.8 Jul Proj. 24,700 27,335 52,215 47,820 5,640 54,015 106,230 9,615 230.6 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2022 III 143.42 80.20 136.1 165.4 295.6 24.57 IV 152.99 63.49 123.5 177.5 411.7 25.17 Annual 144.40 71.21 140.5 154.5 282.4 25.34 2023 I 160.92 54.83 124.5 170.8 315.9 21.93 II 179.02 56.69 139.3 158.9 135.8 19.65 III* 178.00 63.00 125.0 160.0 130.0 17.45 IV* 183.00 57.00 125.0 165.0 145.0 19.20 Annual Jun Proj. 171.7 56.7 130.1 168.0 181.5 19.95 Jul Proj. 175.3 57.9 128.4 163.7 181.7 19.55 2024 I* 186.00 63.00 127.0 162.0 155.0 19.50 II* 184.00 68.00 129.0 163.0 130.0 18.60 Annual Jun Proj. 180 62 129 167 144 19.65 Jul Proj. 184 65 129 164 144 19.10 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51-52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. July 2023 WASDE - 638 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2022 676 28,359 3,390 32,425 3,544 723 28,157 59.1 2023 Proj. Jun 723 27,154 3,501 31,378 3,224 650 27,504 57.4 Jul 723 27,229 3,521 31,473 3,214 645 27,614 57.6 2024 Proj. Jun 650 24,863 3,560 29,073 2,950 640 25,483 52.9 Jul 645 24,768 3,560 28,973 2,950 640 25,383 52.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2022 446 27,011 1,344 28,800 6,345 504 21,951 51.1 2023 Proj. Jun 504 27,391 1,069 28,964 6,803 545 21,616 50.0 Jul 504 27,386 1,074 28,964 6,913 510 21,541 49.8 2024 Proj. Jun 545 27,365 1,155 29,065 6,820 575 21,670 49.9 Jul 510 27,350 1,155 29,015 6,980 495 21,540 49.6 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2022 1,147 55,564 5,092 61,804 9,895 1,256 50,653 111.6 2023 Proj. Jun 1,256 54,736 4,909 60,900 10,033 1,227 49,640 108.8 Jul 1,256 54,806 4,914 60,975 10,133 1,187 49,655 108.8 2024 Proj. Jun 1,227 52,418 5,085 58,729 9,776 1,242 47,712 104.2 Jul 1,187 52,308 5,085 58,579 9,936 1,162 47,482 103.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2022 705 45,711 176 46,593 7,290 892 38,411 98.9 2023 Proj. Jun 892 46,397 70 47,360 7,383 880 39,097 100.1 Jul 892 46,595 85 47,572 7,383 870 39,320 100.7 2024 Proj. Jun 880 47,308 40 48,228 7,570 900 39,758 101.2 Jul 870 47,308 84 48,262 7,570 900 39,792 101.3 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2022 166 5,222 85 5,473 407 190 4,877 14.6 2023 Proj. Jun 190 5,383 42 5,615 385 200 5,030 15.0 Jul 190 5,453 50 5,693 410 200 5,083 15.2 2024 Proj. Jun 200 5,640 32 5,872 390 200 5,282 15.7 Jul 200 5,640 85 5,925 435 200 5,290 15.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2022 874 51,502 268 52,645 7,716 1,087 43,841 115.2 2023 Proj. Jun 1,087 52,342 117 53,546 7,783 1,085 44,678 116.8 Jul 1,087 52,610 138 53,835 7,813 1,075 44,946 117.5 2024 Proj. Jun 1,085 53,503 78 54,666 7,976 1,105 45,585 118.5 Jul 1,075 53,503 175 54,753 8,021 1,105 45,627 118.6 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2022 2,021 107,067 5,361 114,449 17,611 2,343 94,494 226.8 2023 Proj. Jun 2,343 107,077 5,026 114,446 17,817 2,312 94,318 225.6 Jul 2,343 107,415 5,051 114,809 17,946 2,262 94,602 226.3 2024 Proj. Jun 2,312 105,921 5,163 113,395 17,752 2,347 93,297 222.7 Jul 2,262 105,811 5,260 113,332 17,957 2,267 93,108 222.3 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. July 2023 WASDE - 638 - 33 U.S. Egg Supply and Use Commodity 2021 2022 2023 Proj. 2023 Proj. 2024 Proj. 2024 Proj. Jun Jul Jun Jul Eggs Million Dozen Supply Beginning Stocks 24.5 19.1 18.8 18.8 20.0 22.5 Production 9,297.9 9,073.8 9,279.1 9,284.1 9,615.0 9,615.0 Imports 18.2 26.0 23.1 29.6 18.0 19.0 Total Supply 9,340.6 9,118.9 9,320.9 9,332.5 9,653.0 9,656.5 Use Exports 392.1 226.5 207.7 285.3 245.0 265.0 Hatching Use 1,103.9 1,116.4 1,126.4 1,126.4 1,145.0 1,145.0 Ending Stocks 19.1 18.8 20.0 22.5 20.0 19.5 Disappearance Total 7,825.4 7,757.2 7,966.9 7,898.3 8,243.0 8,227.0 Per Capita (number) 282.5 279.0 285.1 282.6 293.2 292.7 Total U.S. Milk Supply and Use Commodity 2021 2022 2023 Proj. 2023 Proj. 2024 Proj. 2024 Proj. Jun Jul Jun Jul Milk Billion Pounds Production 226.3 226.5 228.4 228.4 230.8 230.6 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beginning Stocks 15.6 14.3 14.4 14.4 14.6 14.6 Marketings 225.3 225.5 227.4 227.4 229.8 229.6 Imports 6.5 7.1 7.8 7.8 7.7 7.6 Total Supply 247.4 246.9 249.7 249.6 252.0 251.8 Fat Basis Use Exports 11.5 13.4 11.9 11.6 12.8 12.6 Ending Stocks 14.3 14.4 14.6 14.6 14.6 14.6 Domestic Use 221.6 219.1 223.2 223.4 224.7 224.6 Skim -solid Basis Supply Beginning Stocks 10.9 11.1 11.7 11.7 12.1 12.0 Marketings 225.3 225.5 227.4 227.4 229.8 229.6 Imports 5.8 6.7 6.7 6.5 7.0 6.9 Total Supply 241.9 243.3 245.8 245.6 248.8 248.5 Skim -solid Basis Use Exports 50.6 52.9 51.1 50.9 53.8 53.8 Ending Stocks 11.1 11.7 12.1 12.0 12.1 12.1 Domestic Use 180.2 178.7 182.7 182.6 182.9 182.7 Total Dairy domestic use for 2020 includes additional milk marketed but not processed. Note: Totals may not add due to rounding. July 2023 WASDE - 638 - 34 U.S. Dairy Prices Commodity 2021 2022 2023 Proj. 2023 Proj. 2024 Proj. 2024 Proj. Jun Jul Jun Jul Product Prices 1/ Dollars Per Pound Cheese 1.6755 2.1122 1.730 1.675 1.775 1.690 Butter 1.7325 2.8665 2.435 2.435 2.335 2.345 Nonfat Dry Milk 1.2693 1.6851 1.190 1.170 1.130 1.125 Dry Whey 0.5744 0.6057 0.370 0.350 0.360 0.315 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 17.08 21.96 16.70 16.05 17.00 15.95 Class IV 16.09 24.47 18.35 18.20 17.45 17.45 All Milk 3/ 18.53 25.34 19.95 19.55 19.65 19.10 All prices are January -December averages. 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation. July 2023 WASDE - 638 - 35 Reliability of July Projections 1/ Note: Tables on pages 35 -37 present a record of the July projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 2.7 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 4.6 percent. Th e average difference between the July projection and the final estimate is 14 million tons, ranging from 1 million to 34.6 million tons. The July projection has been below the estimate 25 times and above 17 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 2.7 4.6 14.0 1.0 34.6 25 17 U.S. 3.7 6.2 1.6 0.0 6.2 19 23 Foreign 3.0 5.0 13.8 0.3 34.7 26 16 Exports World 5.9 9.9 6.6 0.2 18.7 28 14 U.S. 11.3 19.0 2.6 0.2 10.0 23 19 Foreign 7.2 12.1 6.3 0.1 21.3 29 13 Domestic Use World 2.0 3.4 9.6 0.3 30.0 26 16 U.S. 7.0 11.8 1.8 0.0 5.0 15 27 Foreign 2.0 3.4 9.4 1.3 29.8 28 14 Ending Stocks World 9.4 15.8 11.9 0.1 35.3 28 14 U.S. 17.8 29.9 3.0 0.2 13.9 23 19 Foreign 9.8 16.5 10.3 0.3 31.7 29 13 COARSE GRAINS 2/ Production World 2.8 4.7 22.8 1.3 68.4 22 20 U.S. 9.7 16.4 15.4 0.0 57.9 19 23 Foreign 2.5 4.2 14.3 1.1 53.0 22 20 Exports World 7.5 12.7 7.8 0.6 23.8 28 14 U.S. 26.4 44.5 8.4 0.2 24.4 16 26 Foreign 13.6 22.9 7.3 0.2 19.7 29 13 Domestic Use World 1.7 2.9 14.3 0.0 46.0 22 20 U.S. 4.3 7.3 6.8 0.0 22.2 25 17 Foreign 1.9 3.2 11.8 1.0 40.6 23 19 Ending Stocks World 18.1 30.5 22.4 1.6 171.9 26 16 U.S. 42.6 71.7 12.8 0.4 50.5 18 24 Foreign 15.8 26.7 15.0 0.2 155.2 30 12 RICE, milled Production World 2.3 3.9 6.7 0.4 24.0 26 16 U.S. 5.5 9.2 0.3 0.0 0.8 20 20 Foreign 2.3 3.9 6.7 0.5 24.3 26 16 Exports World 9.0 15.2 1.8 0.0 6.7 30 12 U.S. 11.2 18.9 0.2 0.0 1.0 17 21 Foreign 9.8 16.6 1.8 0.0 6.5 30 12 Domestic Use World 1.9 3.2 4.7 0.2 22.9 27 15 U.S. 8.1 13.6 0.2 0.0 0.5 16 25 Foreign 2.0 3.3 4.7 0.2 22.9 27 15 Ending Stocks World 13.3 22.4 7.0 0.1 26.5 31 11 U.S. 28.9 48.7 0.3 0.0 1.0 24 17 Foreign 14.5 24.4 7.1 0.2 26.0 32 10 1/ Footnotes at end of table. CONTINUED July 2023 WASDE - 638 - 36 Reliability of July Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 5.2 8.7 8.4 0.5 33.2 19 23 U.S. 6.9 11.6 3.7 0.0 11.7 22 20 Foreign 7.6 12.7 7.4 1.0 34.1 21 21 Exports World 7.6 12.8 3.9 0.0 17.0 26 16 U.S. 12.7 21.4 3.0 0.1 9.3 23 19 Foreign 19.1 32.2 3.3 0.0 19.5 25 17 Domestic Use World 3.8 6.3 5.8 0.5 16.4 23 19 U.S. 5.0 8.4 1.6 0.0 4.9 24 18 Foreign 4.1 6.9 5.2 0.1 16.1 23 19 Ending Stocks World 14.9 25.2 4.9 0.0 26.1 23 19 U.S. 61.5 103.5 3.0 0.0 13.4 14 27 Foreign 18.3 30.8 4.3 0.0 21.8 27 15 COTTON Million 480 -Pound Bales Production World 5.5 9.3 3.8 0.0 14.9 23 19 U.S. 10.0 16.8 1.4 0.1 5.3 21 21 Foreign 5.6 9.5 3.0 0.0 12.1 21 20 Exports World 10.7 18.0 2.6 0.1 11.6 23 19 U.S. 26.1 43.9 1.3 0.1 3.6 24 18 Foreign 14.0 23.5 2.0 0.0 9.8 19 23 Domestic Use World 5.4 9.1 3.7 0.0 21.6 19 23 U.S. 10.8 18.2 0.5 0.0 1.4 19 22 Foreign 5.5 9.2 3.6 0.1 21.0 18 24 Ending Stocks World 15.8 26.6 6.2 0.2 20.1 26 16 U.S. 41.9 70.6 1.5 0.1 4.9 19 23 Foreign 15.4 26.0 5.4 0.5 19.5 28 14 1/ Marketing years 1981/82 through 2022/23 for grains, soybeans (U.S. only), and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2021/22, and for 2022/23 the last mon th’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. July 2023 WASDE - 638 - 37 Reliability of United States July Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 10.6 17.9 558 12 2,190 22 20 Exports 27.1 45.7 295 0 900 16 24 Domestic Use 4.7 7.9 265 0 770 25 16 Ending Stocks 50.9 85.7 465 11 1,840 19 23 SORGHUM Production 23.1 38.9 69 3 213 24 18 Exports 51.8 87.2 51 0 195 20 21 Domestic Use 29.0 48.9 51 3 139 18 24 Ending Stocks 64.0 107.8 43 0 174 15 26 BARLEY Production 7.5 12.6 19 0 87 14 27 Exports 74.0 124.6 13 0 92 25 15 Domestic Use 9.7 16.4 23 0 87 17 24 Ending Stocks 21.3 35.9 24 0 114 18 23 OATS Production 12.4 20.9 18 0 144 7 33 Exports 92.6 155.9 1 0 8 12 12 Domestic Use 6.8 11.4 15 0 67 11 27 Ending Stocks 23.4 39.3 13 0 68 16 24 SOYBEAN MEAL Thousand Short Tons Production 5.0 8.4 1,196 118 4,432 29 13 Exports 14.6 24.5 843 0 2,450 23 18 Domestic Use 5.4 9.1 889 0 4,470 20 21 Ending Stocks 39.0 65.7 52 0 413 11 19 SOYBEAN OIL Million Pounds Production 4.8 8.0 586 55 2,130 30 12 Exports 46.5 78.4 434 0 1,575 23 18 Domestic Use 4.2 7.1 501 0 2,300 24 17 Ending Stocks 38.2 64.3 462 15 1,568 22 20 ANIMAL PROD. Million Pounds Beef 3.8 6.5 743 60 2,677 20 9 Pork 2.8 4.8 444 20 1,372 13 16 Broilers 2.1 3.6 630 20 1,338 13 16 Turkeys 3.9 6.7 170 2 468 10 19 Million Dozen Eggs 1.8 3.1 110 4 445 19 10 Billion Pounds Milk 1.6 2.7 2.3 0.1 7.0 17 12 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2022/23 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2022/23. Calendar years 1994 through 2022 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1994 -2022. WASDE- 638-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies . In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service . For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Deman d Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service . IPAD is located at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ Click to receive WASDE -related notifications b y email Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at [email protected] World Agricultural Supply and Demand Estimates WASDE -638 – July 12, 2023 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C . 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 569 Approved by the World Agricultural Outlook Board September 12, 2017 WHEAT: The U.S. 2017/18 wheat supply and demand estimates are unchanged from last month. The season- average farm price is lowered $0.20 per bushel at the midpoint to a range of $4.30 to $4.90. The reduction is due to NASS prices to date and expectations of future cash prices. Global wheat supplies for 2017/18 are lowered as a 1.7 -million -ton production increase is offset by a 2.7- million -ton decrease in beginning stocks. The primary production increase is for Russia, which is raised 3.5 million tons to a rec ord 81.0 million tons; this change is based on excellent growing conditions and updated harvest results. Australia production for 2017/18 is lowered 1.0 million tons on dry conditions, and the EU is lowered 0.7 million tons. In addition, historical produ ction changes for Australia led to lower global ending stocks. The 2015/16 Australia production change is on updated Australia Bureau of Statistics data which lowered harvested area 1.5 million hectares. Australia’s 2016/17 harvested area is lowered 0.5 million hectares. Global trade for 2017/18 is essentially unchanged. However, exports are increased 1.0 million tons for Russia on the larger crop, 0.5 million tons for Ukraine, and 0.3 million tons for Turkey. These are partially offset by a 1.0 -millio n-ton reduction for EU exports and a 0.5 -million -ton reduction for Australia. Total global use is up 0.5 million tons. With total supplies declining and use increasing, global ending stocks are lowered 1.6 million tons. COARSE GRAINS: This month’s 20 17/18 U.S. corn outlook is for increased production, greater feed and residual use, higher ending stocks, and lower prices. Corn production is forecast at 14.184 billion bushels, up 32 million from last month. Corn supplies are up from last month, as a l arger crop more than offsets a small decline in beginning stocks due to updated use estimates for 2016/17. Feed and residual use for 2017/18 is raised 25 million bushels with a larger crop and lower expected prices. Corn used for ethanol for 2017/18 is projected down 25 million bushels at 5.475 billion, based on observed usage during 2016/17 and expectations of lower exports. Other industrial use is lowered 50 million bushels. With supply increasing and use falling, corn ending stocks are up 62 million bushels from last month. The projected range for the season- average corn price received by producers is lowered 10 cents on both ends to a range of $2.80 to $3.60 per bushel. Global coarse grain production for 2017/18 is forecast up 2.4 million tons to 1,316.5 million. The 2017/18 foreign coarse grain outlook is for greater production, slightly lower consumption, reduced trade, and larger stocks relative to last month. Foreign corn production is forecast to decline relative to last month with reductions for Serbia, Ukraine, the EU, and Russia more than offsetting increases for Argentina and Mexico. The projected corn yield for Ukraine is reduced based on heat and dryness during the month of August. In Argentina, corn area is raised from last month and is now forecast to be record high. Barley production is raised for Russia and Canada, but lowered for Argentina and the EU. WASDE- 569-2 Corn exports are lowered for Serbia and Russia, but increased for Ukraine. Despite a smaller crop, Ukraine’s relatively large exportable supplies and logistical advantages are expected to fill demand for imported corn in the EU. Brazil’s 2016/17 exports are raised for the local marketing year beginning March 2017. Foreign corn ending stocks for 2017/18 are virtually unchanged from last month, with declines for Brazil, Serbia, Ukraine, and Russia offset by increases for Argentina and Mexico. Global corn stocks, at 202.5 million tons, are up 1.6 million from last month. RICE : Total U.S. rice supplies are reduced 6.6 million cwt from last month due to a lower production forecast. In the September Crop Production report, NASS reduced the 2017/18 U.S. crop size by 6.7 million c wt to 179.7 million , primarily on lower area. NASS incorporated FSA certified acreage data this month in adjusting forecast acreage lower. The average all rice yield also declined by 9 pounds to 7,504 pounds per acre. Long -grain production is reduced by 5.3 million cwt and combined medium -short is decreased by 1.4 million. The reduction in 2017/18 supplies results in both lower projected domestic use and residual and exports. All rice ending stocks are reduced 1.1 million cwt to 29.0 million, the lowest level since 2007/0 8. The 2017/18 all rice season -average farm price is raised $0.50 per cwt at the midpoint to a range of $12.70 to $13.70. Prices for all rice classes are increased this month. Global 2017/18 rice supplies are increased to 603.7 million tons, primarily on higher production and beginning stocks for India. Production increases are partly offset by reductions in China and Bangladesh. World 2017/18 consumption is increased by 1.1 million tons to 480.2 million. Global 2017/18 trade is raised to a record 44 .2 million tons on higher exports from Burma and India. OILSEEDS : U.S. oilseed production for 2017/18 is projected at 132.8 million tons, up 1.9 million from last month with higher soybean, peanut, and cottonseed production forecasts. Soybean production is projected at a record 4,431 million bushels, up 50 million on a higher yield forecast. Soybean supplies are raised with higher production only partly offset by lower beginning stocks. With increased supplies and lower prices, soybean exports are rais ed to 2,250 million bushels leaving ending stocks unchanged. Soybean oil balance sheet changes for 2017/18 include reduced beginning stocks and supplies and higher use for biodiesel production reflecting recently imposed duties for imported biodiesel from Argentina and Indonesia. Despite reduced forecasts for other domestic use and exports, ending stocks are projected lower. The 2017/18 U.S. season -average soybean price is forecast at $8.35 to $10.05 per bushel, down $0.10 at the midpoint. Soybean meal prices are also lower at $290 to $330 per short ton while soybean oil prices are projected higher at 32.5 to 36.5 cents per pound. Rising soybean oil prices relative to soybean meal reflect s additional demand as increased use of domestic biodiesel feedstock partly offset s reduced biodiesel imports in 2018. Changes for 2016/17 include higher exports, higher crush, and lower ending stocks. Exports are increased 20 million to 2,170 million bushels based on official trade data through July and indicat ions from August export inspections. With crush raised 5 million bushels, ending stocks are projected at 345 million bushels, down 25 million from last month. WASDE- 569-3 The 2017/18 foreign oilseed production is projected at 445.8 million tons, nearly unchanged from last month. Reductions for soybeans and rapeseed are offset with gains for cottonseed and sunflowerseed. Lower soybean production for Uruguay and Serbia is partly offset by higher production for Bolivia. Canola production is reduced for Canada on lower reported area and cottonseed is raised for India based on the latest government planting data. Foreign sunflowerseed production is slightly higher as larger projected crops for Argentina, Turkey, and the EU more than offset lower projections for Ukraine and Bolivia. Foreign oilseed exports for 2017/18 are reduced this month mainly on lower soybean shipments for Uruguay. Soybean imports are raised for China and Thailand reflecting higher U.S. exports. Foreign oilseed stocks for 2017/18 are projected higher as a 1.5 -million -ton reduction for Brazilian soybean stocks due to a lower carryin is offset by increased soybean stocks for China, Bolivia, and Argentina, and larger canola stocks in Canada. Canola stocks in Canada a re adjusted with the final 2016/ 17 crop and stocks estimates recently issued by Statistics Canada. SUGAR : U.S. beet sugar pr oduction for the 2017/18 August -July crop year is unchanged from last month at 5.131 short tons, raw value (STRV) . Fiscal year 2017/18 beet sugar is decreased by 51,057 to 5.017 million STRV based on an increase in the proportion of beet sugar expected to be produced in August and September resulting from early harvest activity in the Red River Valley and Michigan. Beet sugar production for 2016/17 is unchanged at 4.998 million STRV as the increase in expected production for August and September is offset by lower than expected production in July. Cane sugar production in Texas for 2017/18 is increased 10,000 STRV from last month to 160,000 on the basis of increased sugarcane yield. Sugar imported from Mexico for 2016/17 is projected to be 50,000 STRV lower than last month’s forecast . Mexico is not expected to ship all of the Commerce Department ’s increase in the 2016/17 Export Limit. Re-export imports for 2016/17 are increased by 35,000 STRV based on the pace to date. Deliveries for human consumption for 2016/17 are reduced by 100,000 STRV based on an expected reduction in cane sugar deliveries from refineries affected by hurr icanes through shutdowns and resulting logistical complications. Because these difficulties are temporary in nature, corresponding deliveries for 2017/18 are increased by 100,000 STRV. Mexico 2016/17 sugar exports are decreased by 42,792 metric tons (MT) based on fewer shipments to the United States and imports for consumption are increased by 6,500 MT based on the pace to date. These changes combine to increase ending year stocks by 49,292 MT. Production, imports, and deliveries for 2017/18 are unchang ed from last month. For 2017/18, exports to the United States are projected at 1.516 million MT, an increase corresponding to increased beginning stocks but still constrained by available domestic supplies. Exports to the United States are calculated as the lower of the following: (1) anticipated U.S. Needs of 1.551 million MT as defined in the Suspension Agreements; or (2) the export level that yields an ending stocks -to-consumption ratio of 18.0 percent. The 18 - percent stocks -to-consumption ratio is an assumed lower bound necessary for use until the new Mexico sugarcane harvest is well underway. LIVESTOCK, POULTRY, AND DAIRY : The forecast for total meat production in 2017 is reduced from last month as decreases in commercial beef and broiler production more than WASDE- 569-4 offset increases in pork and turkey production. Second -half beef production forecasts are reduced, reflecting a slow er expected marketing pace for fed cattle although cow slaughter is higher. The third and fourth quarter broiler production forecasts are reduced on hatchery data and the current pace of slaughter. The 2017 pork production forecast is raised on higher ex pected carcass weights. USDA will release the Quarterly Hogs and Pigs report on September 28, providing an indication of producer farrowing intentions into early 2018. Third -quarter turkey production forecast is raised slightly, but no changes are made t o the outlying quarter. The annual egg production forecast is increased, reflecting second -quarter production data. For 2018, the beef production forecast is lowered from the previous month as a slower rate of placements during the second- half of 2017 is expected to result in reduced steer and heifer slaughter in the first half of 2018. Annual pork production is reduced slightly from the previous month while poultry and egg production forecasts for 2018 are unchanged. No changes are made to 2017 and 2018 red meat, poultry, or egg trade forecasts. Cattle prices are reduced from last month for the remainder of 2017 and into early 2018 on current price weakness. The hog price forecast for 2017 is lowered, but the 2018 price forecast remains unchanged. The annual broiler price forecasts for 2017 and 2018 are unchanged. The turkey price forecast is reduced for 2017 as slightly higher third -quarter turkey prices are more than offset by expected declines in the fourth quarter; the 2018 forecast is unchang ed. The egg price forecast for 2017 is raised on recent price strength, but no change is made to the 2018 price forecast. The milk production forecast for 2017 is raised as increases in milk per cow more than offset a slower rate of milk cow expansion. For 2017, fat basis exports are reduced from the previous month on slowing cheese shipments, while fat basis imports are raised on increased purchases of butterfat. On a skim -solid s basis, the export forecast for 2017 is lowered on weaker than expected skim milk powder sales, while the import forecast is raised due to stronger demand for a number of dairy products. For 2018, the milk production forecast is reduced from the previous month on slower growth in cow inventories. The annual fat basis export forecast is unchanged from the previous month, but the import forecast is reduced on expected declining cheese imports. The skim -solid s basis export forecast is reduced from the previous month as competition in international powder markets is expected to remain strong; imports are reduced on lower milk protein and cheese shipments. Butter, NDM, and whey prices are forecast lower for 2017 while cheese prices are forecast higher from the previous month. The 2017 Class III price is raised as higher forecas t cheese prices offset lower whey prices. The Class IV price is reduced on lower butter and NDM. For 2018, all dairy product prices are reduced, resulting in lower Class III and Class IV product prices. The all milk price is reduced to $17.70 to $17.90 p er cwt for 2017 and $17.75 to $18.55 per cwt for 2018. COTTON : The 2017/18 U.S. cotton estimates include larger production, exports, and ending stocks relative to last month. Production is raised 1.2 million bales, with notable increases in the Southwest and Delta. Both harvested and planted area are raised, with ab andonment slightly higher this month. Beginning stocks are revised 50,000 bales lower based on indicated stocks as of July 31, 2017, exports are raised 700,000 bales , while domestic use is WASDE- 569-5 unchanged. Ending stocks are forecast 200,000 bales higher than t he month before, at 6.0 million, or 33 percent of total use. The forecast range for the marketing year average farm price is reduced 1 cent on each end, giving a range of 54 to 66 cents per pound. With slightly lower 2017/18 world beginning stocks and slightly higher consumption only partially offsetting a 3.4 -million -bale increase in production, world ending stocks are raised 2.4 million bales this month. Beginning stocks are reduced for India and Australia, offsetting an increase for Brazil. Product ion is raised for several countries, led by the United States and India. Larger production is also forecast this month for Brazil, Australia, Mexico, and Turkey. World trade is revised upwards by 600,000 bales. World ending stocks are projected at 92.5 m illion bales, 3.0 million above their 2016/17 l evel, but unchanged from a year earlier as a share of consumption. Approved by the Secretary of Agriculture and t he Chairman of the World Agricultural Outlook Board, Seth D. Meyer , (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY : ROBERT JOHANSSON SECRETARY OF AGRICULTURE DESIGNATE WASDE- 569-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers , ICEC Chair, WAOB, E -mail: wchambers @oce.usda.gov Jennifer Bond, ERS; Andrew Sowell, FAS; Pete Riley, FSA . Rice: William Chambers , ICEC Chair, WAOB, E-mail: wchambers @oce.usda.gov Nathan Childs, ERS; Rachel Trego, FAS; Sherrie Grimm , FSA. Feed Grains: Michael Jewison , ICEC Chair, WAOB, E-mail: [email protected] Tom Capehart, ERS; Graham Soley , FAS; Thomas Gajnak , FSA . Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail: [email protected] Mark Ash, ERS; Bill George, FAS; Susan Proper, FSA . Cotton: Stephen MacDonald, ICEC Chair, WAOB, E -mail: [email protected] Leslie Meyer, ERS; James Johnson, FAS; Erik Dohlman , FSA . Sugar: Stephen Haley , ICEC Chair, WAOB, E -mail: shaley @oce.usda.gov Michael McConnell, ERS; Ro n Lord, FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Lindsay Kuberka, FAS; Ryan Pfirmann- Powell , FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail: ssha [email protected] Larry Haller, AMS; Sean Ramos, ERS; Tyler Cozzens, FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E -mail: [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Milton Madison, FSA. In 2017, the WASDE report will be released on Oct. 12, Nov. 9, and Dec. 12 . WASDE- 569-7 T A B L E OF C O N T E N T S Page Highlights ................................ ................................ ................................ ............. 1 Interagency Commodity Estimates Committees ................................ .................... 6 World & U.S. Supply & Use for Grains ................................ ................................ .. 8 World & U.S. Supply & Use for Cotton ................................ ................................ .. 9 World & U.S. Supply & Use for Oilseeds ................................ ............................ 10 U.S. Wheat Supply & Use ................................ ................................ .................. 11 U.S. Wheat Supply & Use by Class ................................ ................................ .... 11 U.S. Feed Grain & Corn Supply & Use ................................ ............................... 12 U.S. Sorghum, Barley & Oats Supply & Use ................................ ....................... 13 U.S. Rice Supply & Use ................................ ................................ ..................... 14 U.S. Soybeans & Products Supply & Use ................................ ........................... 15 U.S. Sugar Supply & Use ................................ ................................ ................... 16 Mexico Sugar Supply and Use ................................ ................................ ........... 16 U.S. Cotton Supply & Use ................................ ................................ .................. 17 World Wheat Supply & Use ................................ ................................ ................ 18 World Coarse Grains Supply & Use ................................ ................................ .... 20 World Corn Supply & Use ................................ ................................ .................. 22 World Rice Supply & Use ................................ ................................ ................... 24 World Cotton Supply & Use ................................ ................................ ................ 26 World Soybean Supply & Use ................................ ................................ ............ 28 World Soybean Meal Supply & Use ................................ ................................ .... 29 World Soybean Oil Supply & Use ................................ ................................ ....... 30 U.S. Quarterly Animal Product Production ................................ .......................... 31 U.S. Quarterly Prices for Animal Products ................................ .......................... 31 U.S. Meats Supply and Use ................................ ................................ ............... 32 U.S. Egg Supply & Use ................................ ................................ ...................... 33 U.S. Milk Supply and Use ................................ ................................ .................. 33 U.S. Dair y Prices ................................ ................................ ............................... 34 Reliability Tables ................................ ................................ ................................ 35 Related USDA Reports ................................ ................................ ...................... 38 Metric Conversion Factors ................................ ................................ ................. 38 Electronic Access and Subscriptions ...................................................................... 40 September 2017 WASDE - 569 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2015/16 2467.23 3047.28 376.50 2438.26 609.02 2016/17 (Est.) 2604.18 3213.21 430.30 2575.50 637.71 filler filler filler filler filler 2017/18 (Proj.) Aug 2539.92 3181.18 409.88 2565.43 615.75 2017/18 (Proj.) Sep 2544.73 3182.43 409.85 2565.52 616.91 filler filler filler filler filler Wheat 2015/16 735.30 953.05 172.84 711.87 241.19 2016/17 (Est.) 753.31 994.50 181.68 738.67 255.83 filler filler filler filler filler 2017/18 (Proj.) Aug 743.18 1001.74 179.92 737.05 264.69 2017/18 (Proj.) Sep 744.85 1000.68 180.03 737.54 263.14 filler filler filler filler filler Coarse Grains 5/ 2015/16 1260.21 1507.21 163.40 1255.82 251.39 2016/17 (Est.) 1364.48 1615.87 204.02 1354.32 261.55 filler filler filler filler filler 2017/18 (Proj.) Aug 1314.15 1577.46 186.25 1349.32 228.14 2017/18 (Proj.) Sep 1316.52 1578.07 185.60 1347.81 230.26 filler filler filler filler filler Rice, milled 2015/16 471.72 587.02 40.25 470.58 116.45 2016/17 (Est.) 486.39 602.83 44.60 482.50 120.33 filler filler filler filler filler 2017/18 (Proj.) Aug 482.59 601.98 43.71 479.07 122.92 2017/18 (Proj.) Sep 483.36 603.69 44.22 480.17 123.52 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2015/16 429.26 506.00 81.75 348.12 76.14 2016/17 (Est.) 472.57 556.06 97.09 361.72 97.25 filler filler filler filler filler 2017/18 (Proj.) Aug 426.28 533.03 82.47 363.11 87.45 2017/18 (Proj.) Sep 426.90 532.53 82.37 361.76 88.40 filler filler filler filler filler Wheat 2015/16 56.12 79.66 21.17 31.94 26.55 2016/17 (Est.) 62.86 92.63 28.72 31.68 32.23 filler filler filler filler filler 2017/18 (Proj.) Aug 47.33 83.65 26.54 31.73 25.38 2017/18 (Proj.) Sep 47.33 83.65 26.54 31.73 25.38 filler filler filler filler filler Coarse Grains 5/ 2015/16 367.01 417.89 57.18 312.60 48.11 2016/17 (Est.) 402.60 454.10 64.67 325.87 63.56 filler filler filler filler filler 2017/18 (Proj.) Aug 373.03 441.23 52.47 327.65 61.11 2017/18 (Proj.) Sep 373.86 440.94 52.47 326.38 62.09 filler filler filler filler filler Rice, milled 2015/16 6.13 8.45 3.40 3.58 1.48 2016/17 (Est.) 7.12 9.34 3.70 4.17 1.46 filler filler filler filler filler 2017/18 (Proj.) Aug 5.92 8.15 3.46 3.73 0.96 2017/18 (Proj.) Sep 5.71 7.94 3.37 3.65 0.92 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). September 2017 WASDE - 569 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2015/16 2,037.97 2,541.28 294.75 2,090.14 532.88 2016/17 (Est.) 2,131.61 2,657.15 333.21 2,213.78 540.46 filler filler filler filler filler 2017/18 (Proj.) Aug 2,113.63 2,648.15 327.41 2,202.32 528.30 2017/18 (Proj.) Sep 2,117.82 2,649.90 327.48 2,203.76 528.52 filler filler filler filler filler Wheat 2015/16 679.19 873.39 151.68 679.92 214.64 2016/17 (Est.) 690.46 901.87 152.96 706.99 223.60 filler filler filler filler filler 2017/18 (Proj.) Aug 695.85 918.09 153.39 705.31 239.31 2017/18 (Proj.) Sep 697.52 917.03 153.50 705.81 237.76 filler filler filler filler filler Coarse Grains 5/ 2015/16 893.20 1,089.32 106.22 943.22 203.28 2016/17 (Est.) 961.88 1,161.77 139.35 1,028.45 197.99 filler filler filler filler filler 2017/18 (Proj.) Aug 941.12 1,136.23 133.78 1,021.67 167.03 2017/18 (Proj.) Sep 942.66 1,137.12 133.13 1,021.43 168.16 filler filler filler filler filler Rice, milled 2015/16 465.58 578.57 36.86 467.00 114.97 2016/17 (Est.) 479.27 593.50 40.89 478.33 118.87 filler filler filler filler filler 2017/18 (Proj.) Aug 476.67 593.84 40.24 475.33 121.96 2017/18 (Proj.) Sep 477.65 595.75 40.85 476.52 122.60 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2015/16 96.25 208.00 35.28 111.25 96.72 2016/17 (Est.) 106.74 203.46 37.54 113.68 89.57 filler filler filler filler filler 2017/18 (Proj.) Aug 117.31 207.29 37.17 117.40 90.09 2017/18 (Proj.) Sep 120.75 210.32 37.78 117.75 92.54 filler filler filler filler filler United States 2015/16 12.89 16.57 9.15 3.45 3.80 2016/17 (Est.) 17.17 20.98 14.92 3.25 2.75 filler filler filler filler filler 2017/18 (Proj.) Aug 20.55 23.36 14.20 3.35 5.80 2017/18 (Proj.) Sep 21.76 24.52 14.90 3.35 6.00 filler filler filler filler filler Foreign 4/ 2015/16 83.37 191.43 26.13 107.80 92.92 2016/17 (Est.) 89.57 182.48 22.62 110.43 86.82 filler filler filler filler filler 2017/18 (Proj.) Aug 96.76 183.94 22.97 114.05 84.29 2017/18 (Proj.) Sep 98.99 185.80 22.88 114.40 86.54 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. September 2017 WASDE - 569 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2015/16 521.35 614.48 153.26 445.65 90.54 2016/17 (Est.) 572.53 663.07 169.92 468.78 108.13 filler filler filler filler filler 2017/18 (Proj.) Aug 576.69 685.16 174.06 487.64 109.08 2017/18 (Proj.) Sep 578.60 686.72 174.29 488.43 109.46 filler filler filler filler filler Oilmeals 2015/16 305.82 322.68 86.74 303.61 15.55 2016/17 (Est.) 320.91 336.46 88.74 316.61 16.46 filler filler filler filler filler 2017/18 (Proj.) Aug 333.63 350.01 91.47 330.81 16.26 2017/18 (Proj.) Sep 334.60 351.06 91.46 331.69 16.09 filler filler filler filler filler Vegetable Oils 2015/16 176.69 200.98 73.47 177.93 20.28 2016/17 (Est.) 185.75 206.03 77.73 182.81 18.61 filler filler filler filler filler 2017/18 (Proj.) Aug 194.93 213.54 79.24 189.19 20.31 2017/18 (Proj.) Sep 195.09 213.71 79.21 189.34 20.38 filler filler filler filler filler United States Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2015/16 115.88 123.76 53.96 55.05 6.87 2016/17 (Est.) 127.27 135.71 60.18 56.13 10.72 filler filler filler filler filler 2017/18 (Proj.) Aug 130.90 143.90 61.77 57.87 14.77 2017/18 (Proj.) Sep 132.77 145.03 62.45 57.96 14.86 filler filler filler filler filler Oilmeals 2015/16 42.78 47.15 11.18 35.69 0.28 2016/17 (Est.) 42.96 47.22 10.98 35.89 0.35 filler filler filler filler filler 2017/18 (Proj.) Aug 44.59 48.96 11.41 37.22 0.33 2017/18 (Proj.) Sep 44.61 48.97 11.41 37.24 0.33 filler filler filler filler filler Vegetable Oils 2015/16 11.21 17.03 1.25 14.54 1.24 2016/17 (Est.) 11.42 17.38 1.43 14.67 1.28 filler filler filler filler filler 2017/18 (Proj.) Aug 11.76 17.87 1.32 15.16 1.40 2017/18 (Proj.) Sep 11.75 17.91 1.22 15.46 1.24 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2015/16 405.47 490.72 99.30 390.60 83.67 2016/17 (Est.) 445.26 527.36 109.75 412.65 97.40 filler filler filler filler filler 2017/18 (Proj.) Aug 445.79 541.26 112.28 429.77 94.31 2017/18 (Proj.) Sep 445.82 541.69 111.83 430.47 94.60 filler filler filler filler filler Oilmeals 2015/16 263.04 275.53 75.55 267.92 15.27 2016/17 (Est.) 277.95 289.24 77.76 280.73 16.11 filler filler filler filler filler 2017/18 (Proj.) Aug 289.04 301.06 80.06 293.59 15.93 2017/18 (Proj.) Sep 290.00 302.09 80.06 294.45 15.76 filler filler filler filler filler Vegetable Oils 2015/16 165.48 183.96 72.22 163.39 19.04 2016/17 (Est.) 174.33 188.66 76.30 168.14 17.34 filler filler filler filler filler 2017/18 (Proj.) Aug 183.18 195.66 77.92 174.03 18.91 2017/18 (Proj.) Sep 183.34 195.79 78.00 173.88 19.14 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. September 2017 WASDE - 569 - 11 U.S. Wheat Supply and Use 1/ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Aug Sep Million Acres Area Planted 55.0 50.2 45.7 45.7 Area Harvested 47.3 43.9 38.1 38.1 Bushels Yield per Harvested Acre 43.6 52.6 45.6 45.6 Million Bushels Beginning Stocks 752 976 1,184 1,184 Production 2,062 2,310 1,739 1,739 Imports 113 118 150 150 Supply, Total 2,927 3,403 3,074 3,074 Food 957 949 950 950 Seed 67 61 66 66 Feed and Residual 149 154 150 150 Domestic, Total 1,174 1,164 1,166 1,166 Exports 778 1,055 975 975 Use, Total 1,951 2,219 2,141 2,141 Ending Stocks 976 1,184 933 933 Avg. Farm Price ($/bu) 2/ 4.89 3.89 4.40 - 5.20 4.30 - 4.90 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2016/17 (Est.) Beginning Stocks 446 272 157 74 28 976 Production 1,082 493 345 286 104 2,310 Supply, Total 3/ 1,532 807 535 367 162 3,403 Domestic Use 484 251 228 98 102 1,164 Exports 455 321 92 163 24 1,055 Use, Total 939 572 320 262 126 2,219 Ending Stocks, Total 593 235 215 105 36 1,184 2017/18 (Proj.) Beginning Stocks 593 235 215 105 36 1,184 Production 758 364 306 260 51 1,739 Supply, Total 3/ 1,358 672 536 375 132 3,074 Domestic Use 495 266 217 100 88 1,166 Exports 400 260 90 205 20 975 Use, Total 895 526 307 305 108 2,141 Ending Stocks, Total Sep 463 146 229 70 24 933 Ending Stocks, Total Aug 453 131 236 90 22 933 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. September 2017 WASDE - 569 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Aug Sep Million Acres Area Planted 103.2 106.6 101.8 101.8 Area Harvested 93.0 96.5 91.6 91.6 Metric Tons Yield per Harvested Acre 3.94 4.17 4.07 4.08 Million Metric Tons Beginning Stocks 46.9 48.1 64.7 63.5 Production 366.7 402.3 372.7 373.6 Imports 3.7 3.2 3.3 3.3 Supply, Total 417.4 453.6 440.7 440.4 Feed and Residual 135.3 143.5 142.3 142.9 Food, Seed & Industrial 176.8 181.9 184.8 182.9 Domestic, Total 312.1 325.4 327.1 325.9 Exports 57.2 64.7 52.5 52.5 Use, Total 369.3 390.0 379.6 378.3 Ending Stocks 48.1 63.5 61.1 62.1 CORN 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. August September Million Acres Area Planted 88.0 94.0 90.9 90.9 Area Harvested 80.8 86.7 83.5 83.5 Bushels Yield per Harvested Acre 168.4 174.6 169.5 169.9 Million Bushels Beginning Stocks 1,731 1,737 2,370 2,350 Production 13,602 15,148 14,153 14,184 Imports 68 55 50 50 Supply, Total 15,401 16,940 16,573 16,585 Feed and Residual 5,114 5,425 5,450 5,475 Food, Seed & Industrial 2/ 6,648 6,870 7,000 6,925 Ethanol & by -products 3/ 5,224 5,435 5,500 5,475 Domestic, Total 11,763 12,295 12,450 12,400 Exports 1,901 2,295 1,850 1,850 Use, Total 13,664 14,590 14,300 14,250 Ending Stocks 1,737 2,350 2,273 2,335 Avg. Farm Price ($/bu) 4/ 3.61 3.35 2.90 - 3.70 2.80 - 3.60 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data -products/feed -grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by -products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marke ting- year weighted average price received by farmers. September 2017 WASDE - 569 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Aug Sep Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 8.5 6.7 6.0 6.0 Area Harvested (mil. acres) 7.9 6.2 5.3 5.3 Yield (bushels/acre) 76.0 77.9 69.6 69.8 Beginning Stocks 18 37 53 29 Production 597 480 369 371 Imports 5 2 0 0 Supply, Total 620 519 422 399 Feed and Residual 107 130 60 60 Food, Seed & Industrial 137 115 100 100 Total Domestic 244 245 160 160 Exports 340 245 210 210 Use, Total 583 490 370 370 Ending Stocks 37 29 52 29 Avg. Farm Price ($/bu) 2/ 3.31 2.85 2.50 - 3.30 2.50 - 3.30 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. August September Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.6 3.1 2.4 2.4 Area Harvested (mil. acres) 3.2 2.6 1.9 1.9 Yield (bushels/acre) 69.1 77.9 72.1 72.1 Beginning Stocks 79 102 108 108 Production 218 199 140 140 Imports 19 10 15 15 Supply, Total 315 311 263 263 Feed and Residual 50 46 35 35 Food, Seed & Industrial 153 153 153 153 Total Domestic 202 199 188 188 Exports 11 4 5 5 Use, Total 213 203 193 193 Ending Stocks 102 108 70 70 Avg. Farm Price ($/bu) 2/ 5.52 4.96 4.90 - 5.90 4.20 - 5.20 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. August September Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.1 2.8 2.5 2.5 Area Harvested (mil. acres) 1.3 1.0 0.9 0.9 Yield (bushels/acre) 70.2 66.0 61.0 61.0 Beginning Stocks 54 57 52 52 Production 90 65 54 54 Imports 86 90 100 100 Supply, Total 229 212 206 206 Feed and Residual 93 78 90 90 Food, Seed & Industrial 77 78 80 80 Total Domestic 170 156 170 170 Exports 2 3 2 2 Use, Total 172 159 172 172 Ending Stocks 57 52 34 34 Avg. Farm Price ($/bu) 2/ 2.12 2.06 2.35 - 2.85 2.25 - 2.75 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. September 2017 WASDE - 569 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Aug Sep Million Acres Area Planted 2.63 3.15 2.56 2.49 Area Harvested 2.59 3.10 2.48 2.40 Fil ler Pounds Yield per Harvested Acre 7,472 7,237 7,513 7,504 Million Hundredweight Beginning Stocks 2/ 48.5 46.5 45.9 46.0 Production 193.1 224.1 186.5 179.7 Imports 24.1 23.5 24.2 24.2 Supply, Total 265.8 294.1 256.6 250.0 Domestic & Residual 3/ 112.4 131.4 117.5 115.0 Exports, Total 4/ 107.0 116.7 109.0 106.0 Rough 39.3 42.5 41.0 40.0 Milled (rough equiv.) 67.7 74.2 68.0 66.0 Use, Total 219.3 248.0 226.5 221.0 Ending Stocks 46.5 46.0 30.1 29.0 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 12.20 10.30 12.20 - 13.20 12.70 - 13.70 Total LONG -GRAIN RICE 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. August September Harvested Acres (mil.) 1.85 2.40 Yield (pounds/acre) 7,219 6,927 Beginning Stocks 26.5 22.7 31.3 31.0 Production 133.4 166.5 132.4 127.1 Supply, Total 7/ 180.7 209.4 184.7 179.1 Domestic & Residual 3/ 82.1 99.7 90.0 88.0 Exports 8/ 75.9 78.7 77.0 75.0 Use, Total 158.0 178.4 167.0 163.0 Ending Stocks 22.7 31.0 17.7 16.1 Avg. Farm Price ($/cwt) 6/ 11.20 9.62 11.50 - 12.50 12.00 - 13.00 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. August September Harvested Acres (mil.) 0.74 0.69 Yield (pounds/acre) 8,107 8,311 Beginning Stocks 20.2 20.9 11.8 11.5 Production 59.7 57.7 54.0 52.6 Supply, Total 7/ 82.2 81.1 69.0 67.3 Domestic & Residual 3/ 30.3 31.7 27.5 27.0 Exports 8/ 31.0 37.9 32.0 31.0 Use, Total 61.3 69.6 59.5 58.0 Ending Stocks 20.9 11.5 9.5 9.3 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 15.30 12.80 14.20 - 15.20 14.70 - 15.70 California 10/ 18.10 13.60 15.00 - 16.00 15.50 - 16.50 Other States 1/ 11.20 10.20 11.70 - 12.70 12.20 - 13.20 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2015/16 -2.9; 2016/17 -2.9; 2017/18 -2.9. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and endin g stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by far mers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.65 per cwt from 2008/09 -2013/14, with a high of $3.50 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. September 2017 WASDE - 569 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Aug Sep Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 82.7 83.4 89.5 89.5 Area Harvested 81.7 82.7 88.7 88.7 Fil ler Bushels Yield per Harvested Acre 48.0 52.1 49.4 49.9 Million Bushels Beginning Stocks 191 197 370 345 Production 3,926 4,307 4,381 4,431 Imports 24 25 25 25 Supply, Total 4,140 4,528 4,777 4,801 Crushings 1,886 1,895 1,940 1,940 Exports 1,942 2,170 2,225 2,250 Seed 97 104 101 101 Residual 18 14 35 35 Use, Total 3,944 4,183 4,301 4,326 Ending Stocks 197 345 475 475 Avg. Farm Price ($/bu) 2/ 8.95 9.50 8.45 - 10.15 8.35 - 10.05 Total SOYBEAN OIL 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. August September Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,855 1,687 1,982 1,827 Production 4/ 21,950 22,040 22,505 22,505 Imports 287 350 325 325 Supply, Total 24,092 24,077 24,812 24,657 Domestic Disappearance 20,162 19,700 20,450 20,800 Biodiesel 3/ 5,670 6,050 6,450 7,000 Food, Feed & other Industrial 14,492 13,650 14,000 13,800 Exports 2,243 2,550 2,300 2,100 Use, Total 22,405 22,250 22,750 22,900 Ending stocks 1,687 1,827 2,062 1,757 Avg. Price (c/lb) 2/ 29.86 32.50 31.00 - 35.00 32.50 - 36.50 Total SOYBEAN MEAL 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. August September Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 260 264 325 325 Production 4/ 44,672 44,611 46,075 46,075 Imports 403 350 300 300 Supply, Total 45,336 45,225 46,700 46,700 Domestic Disappearance 33,118 33,150 34,200 34,200 Exports 11,954 11,750 12,200 12,200 Use, Total 45,072 44,900 46,400 46,400 Ending Stocks 264 325 300 300 Avg. Price ($/s.t.) 2/ 324.56 315.00 295.00 - 335.00 290.00 - 330.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only bio diesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 1,900 milli on bushels for 2016/17 and 1,940 million bushels for 2017/18. *Planted and harvested acres are from the June 30, 2017 Acreage repor t. The projected yield is based on a weather -adjusted trend model. September 2017 WASDE - 569 - 16 U.S. Sugar Supply and Use 1/ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Aug Sep Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,815 2,054 1,675 1,760 Production 2/ 8,989 8,848 8,970 8,929 Beet Sugar 5,119 4,998 5,068 5,017 Cane Sugar 3,870 3,850 3,902 3,912 Florida 2,173 2,055 2,126 2,126 Hawaii 152 43 0 0 Louisiana 1,428 1,612 1,626 1,626 Texas 116 140 150 160 Imports 3,341 3,338 3,631 3,688 TRQ 3/ 1,620 1,727 1,707 1,707 Other Program 4/ 396 385 200 200 Other 5/ 1,325 1,226 1,724 1,781 Mexico 1,309 1,216 1,714 1,771 Total Supply 14,145 14,240 14,276 14,377 Exports 74 125 25 25 Deliveries 12,051 12,355 12,578 12,678 Food 6/ 11,881 12,200 12,423 12,523 Other 7/ 170 155 155 155 Miscellaneous -33 0 0 0 Total Use 12,091 12,480 12,603 12,703 Ending Stocks 2,054 1,760 1,673 1,674 Stocks to Use Ratio 17.0 14.1 13.3 13.2 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2016/17 and 2017/18 are based on Crop Production and processor projections where appropriate. 3/ For 2017/18, WTO raw sugar TRQ shortfall (158). For 2016/17, WTO raw sugar TRQ shortfall is undefined because of 13th month rollover into 20 17/18. 4/ Includes sugar under the re -export and polyhydric alcohol programs. 5/ For 2015/16, other high- tier (16) and other (0). For 2016/17, other high- tier (10) and other (0). For 2017/18, other high- tier (10) and other (0). 6/For 2014/15, combines SM D deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar -containing products for reexport, and for nonedible alcohol, feed, and ethanol. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2016/17 Est. Aug 1,037 5,957 94 4,858 1,248 981 2016/17 Est. Sep 1,037 5,957 100 4,858 1,206 1,031 2017/18 Proj. Aug 981 6,100 75 4,864 1,476 816 2017/18 Proj. Sep 1,031 6,100 75 4,864 1,526 816 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): Oct -Sep 2015/16 = 1,482, estimated Oct -Sep 2016/17 = 1,484; projected 2017/18 = 1,484; Oct - Jul 2015/16 = 1,215; Oct - Jul 2016/17 = 1,273. Footnote source: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2015/16 (390 est), 2016/17 (390 est), 2017/18 (330 proj). Other Deliveries /Ending Year Statistical Adjustments: 2015/16 ( -10), 2016/17 (0), 2017/18 (0). September 2017 WASDE - 569 - 17 U.S. Cotton Supply and Use 1/ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Aug Sep Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 8.58 10.07 12.06 12.62 Harvested 8.07 9.51 11.05 11.51 Fil ler Pounds Yield per Harvested Acre 766 867 892 908 Million 480 Pound Bales Beginning Stocks 3.65 3.80 2.80 2.75 Production 12.89 17.17 20.55 21.76 Imports 0.03 0.01 0.01 0.01 Supply, Total 16.57 20.98 23.36 24.52 Domestic Use 3.45 3.25 3.35 3.35 Exports, Total 9.15 14.92 14.20 14.90 Use, Total 12.60 18.17 17.55 18.25 Unaccounted 2/ 0.17 0.06 0.01 0.27 Ending Stocks 3.80 2.75 5.80 6.00 Avg. Farm Price 3/ 61.2 68.0 55.00 - 67.00 54.00 - 66.00 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. September 2017 WASDE - 569 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 217.75 735.30 170.06 136.39 711.87 172.84 241.19 United States 20.48 56.12 3.07 4.06 31.94 21.17 26.55 Total Foreign 197.27 679.19 166.99 132.32 679.92 151.68 214.64 Major Exporters 4/ 29.26 221.65 7.57 65.62 150.76 82.52 25.20 Argentina 4.80 11.30 0.01 0.20 5.90 9.60 0.62 Australia 4.67 22.28 0.15 3.70 7.13 16.12 3.85 Canada 7.09 27.59 0.49 2.72 7.89 22.11 5.18 European Union 5/ 12.70 160.48 6.92 59.00 129.85 34.69 15.56 Major Importers 6/ 113.15 205.47 92.36 27.86 264.70 6.42 139.85 Brazil 0.87 5.54 6.75 0.50 11.10 1.06 1.00 China 76.11 130.19 3.48 10.50 112.00 0.73 97.04 Sel. Mideast 7/ 13.65 19.91 19.19 4.85 37.77 0.55 14.43 N. Africa 8/ 13.21 19.98 27.80 2.28 43.67 0.70 16.63 Pakistan 3.71 25.10 0.02 0.80 24.40 0.60 3.83 Southeast Asia 9/ 3.85 0.00 24.61 8.04 22.37 0.97 5.13 Selected Other India 17.22 86.53 0.47 4.20 88.55 1.13 14.54 FSU-12 20.66 117.96 7.40 26.74 77.78 51.48 16.77 Russia 6.29 61.04 0.82 14.00 37.00 25.54 5.61 Kazakhstan 3.28 13.75 0.07 2.10 6.90 7.60 2.60 Ukraine 5.68 27.27 0.03 5.10 12.20 17.43 3.35 2016/17 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 241.19 753.31 179.39 147.07 738.67 181.68 255.83 United States 26.55 62.86 3.22 4.20 31.68 28.72 32.23 Total Foreign 214.64 690.46 176.18 142.88 706.99 152.96 223.60 Major Exporters 4/ 25.20 228.13 5.91 66.11 152.34 82.71 24.18 Argentina 0.62 17.50 0.01 0.10 5.80 12.00 0.32 Australia 3.85 33.50 0.15 4.30 7.75 23.20 6.55 Canada 5.18 31.70 0.48 5.21 10.29 20.20 6.87 European Union 5/ 15.56 145.43 5.28 56.50 128.50 27.31 10.45 Major Importers 6/ 139.85 200.16 96.22 36.03 278.06 5.57 152.61 Brazil 1.00 6.73 7.10 0.80 11.90 0.70 2.23 China 97.04 128.85 4.41 16.50 118.50 0.75 111.05 Sel. Mideast 7/ 14.43 20.24 18.12 4.97 39.22 0.54 13.03 N. Africa 8/ 16.63 14.08 28.36 2.28 44.77 0.63 13.66 Pakistan 3.83 25.60 0.00 0.80 24.50 0.60 4.33 Southeast Asia 9/ 5.13 0.00 26.95 9.29 24.87 0.96 6.26 Selected Other India 14.54 87.00 5.90 4.70 97.50 0.52 9.42 FSU-12 16.77 130.74 7.41 28.05 79.13 53.85 21.94 Russia 5.61 72.53 0.50 17.00 40.00 27.80 10.84 Kazakhstan 2.60 14.99 0.08 2.10 6.90 6.80 3.96 Ukraine 3.35 26.80 0.04 3.60 10.30 18.11 1.78 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, K uwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2017 WASDE - 569 - 19 World Wheat Supply and Use 1 / (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Aug 258.56 743.18 179.35 140.63 737.05 179.92 264.69 Sep 255.83 744.85 179.35 140.61 737.54 180.03 263.14 United States Aug 32.23 47.33 4.08 4.08 31.73 26.54 25.38 Sep 32.23 47.33 4.08 4.08 31.73 26.54 25.38 Total Foreign Aug 226.32 695.85 175.27 136.55 705.31 153.39 239.31 Sep 223.60 697.52 175.27 136.53 705.81 153.50 237.76 Major Exporters 4/ Aug 27.43 217.06 7.11 63.30 149.65 80.50 21.45 Sep 24.18 215.37 7.11 62.10 148.35 79.00 19.31 Argentina Aug 0.52 17.50 0.01 0.10 6.00 11.50 0.53 Sep 0.32 17.50 0.01 0.10 5.90 11.50 0.43 Australia Aug 8.94 23.50 0.15 4.50 8.00 19.00 5.59 Sep 6.55 22.50 0.15 3.50 7.00 18.50 3.70 Canada Aug 6.91 26.50 0.45 3.20 8.40 20.50 4.96 Sep 6.87 26.50 0.45 3.00 8.20 20.50 5.12 European Union 5/ Aug 11.06 149.56 6.50 55.50 127.25 29.50 10.37 Sep 10.45 148.87 6.50 55.50 127.25 28.50 10.07 Major Importers 6/ Aug 152.08 203.15 93.03 29.98 275.89 6.52 165.85 Sep 152.61 203.15 93.23 30.28 276.69 6.52 165.78 Brazil Aug 2.23 5.20 7.20 0.50 11.70 1.00 1.93 Sep 2.23 5.20 7.20 0.50 11.70 1.00 1.93 China Aug 111.39 130.00 3.00 13.00 116.00 0.80 127.59 Sep 111.05 130.00 3.00 13.00 116.00 0.80 127.25 Sel. Mideast 7/ Aug 12.93 19.48 18.40 4.92 39.87 0.74 10.20 Sep 13.03 19.48 17.90 5.02 40.07 0.74 9.60 N. Africa 8/ Aug 13.80 17.80 28.15 2.18 45.28 0.69 13.79 Sep 13.66 17.80 28.25 2.18 45.38 0.69 13.65 Pakistan Aug 4.35 26.20 0.03 0.90 25.40 0.60 4.58 Sep 4.33 26.20 0.03 0.90 25.40 0.60 4.56 Southeast Asia 9/ Aug 5.48 0.00 25.25 7.49 23.84 1.03 5.86 Sep 6.26 0.00 25.85 7.69 24.14 1.03 6.94 Selected Other India Aug 9.54 96.00 4.00 5.00 99.00 0.50 10.04 Sep 9.42 96.00 4.00 5.00 99.00 0.50 9.92 FSU-12 Aug 21.86 133.77 7.99 30.20 81.42 55.99 26.21 Sep 21.94 137.27 7.96 31.10 82.19 57.49 27.49 Russia Aug 10.84 77.50 0.50 19.00 42.00 31.50 15.34 Sep 10.84 81.00 0.50 20.00 43.00 32.50 16.84 Kazakhstan Aug 3.97 14.00 0.05 2.10 6.90 7.50 3.62 Sep 3.96 14.00 0.05 2.10 6.90 7.50 3.61 Ukraine Aug 1.89 26.50 0.03 3.60 10.20 16.00 2.21 Sep 1.78 26.50 0.03 3.50 10.00 16.50 1.81 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, K uwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2017 WASDE - 569 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 247.00 1,260.21 181.37 767.66 1,255.82 163.40 251.39 United States 46.95 367.01 3.94 135.56 312.60 57.18 48.11 Total Foreign 200.05 893.20 177.44 632.11 943.22 106.22 203.28 Major Exporters 4/ 20.12 153.91 7.92 83.69 112.99 51.62 17.33 Argentina 4.27 37.94 0.01 9.26 14.22 25.22 2.78 Australia 1.53 12.54 0.00 3.96 5.64 6.94 1.50 Brazil 8.24 69.13 3.97 50.89 60.24 14.03 7.07 Canada 3.33 25.62 1.55 13.79 21.24 4.60 4.67 Major Importers 5/ 49.08 246.12 124.06 271.87 353.66 15.71 49.90 European Union 6/ 18.89 152.66 14.24 117.09 157.26 13.11 15.41 Japan 1.77 0.18 17.06 13.29 17.26 0.00 1.75 Mexico 4.83 32.38 14.95 26.72 44.72 1.56 5.89 N. Afr & Mideast 7/ 14.43 32.77 32.82 55.97 64.33 0.11 15.59 Saudi Arabia 3.36 0.36 14.79 13.60 14.11 0.00 4.41 Southeast Asia 8/ 3.67 27.51 15.22 33.16 41.22 0.93 4.25 South Korea 1.89 0.19 10.19 7.83 10.32 0.00 1.95 Selected Other China 101.92 231.40 17.50 166.44 238.74 0.03 112.05 FSU-12 7.91 82.55 0.54 38.26 53.44 31.32 6.24 Russia 2.83 37.43 0.11 20.32 29.72 9.00 1.66 Ukraine 3.29 33.39 0.05 8.74 12.37 21.19 3.17 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 251.39 1,364.48 175.31 800.41 1,354.32 204.02 261.55 United States 48.11 402.60 3.39 143.74 325.87 64.67 63.56 Total Foreign 203.28 961.88 171.93 656.68 1,028.45 139.35 197.99 Major Exporters 4/ 17.33 210.36 2.56 89.14 120.90 84.09 25.26 Argentina 2.78 48.57 0.01 10.76 16.03 30.61 4.72 Australia 1.50 16.91 0.00 4.32 5.99 10.23 2.19 Brazil 7.07 101.35 1.20 53.33 63.89 36.03 9.70 Canada 4.67 25.82 1.10 13.84 21.48 4.70 5.40 Major Importers 5/ 49.90 242.56 124.16 278.73 361.02 10.07 45.52 European Union 6/ 15.41 152.17 14.59 119.95 160.47 7.90 13.80 Japan 1.75 0.17 16.87 13.19 17.18 0.00 1.61 Mexico 5.89 33.50 15.33 27.95 46.90 0.75 7.07 N. Afr & Mideast 7/ 15.59 26.21 35.16 56.46 64.29 0.17 12.50 Saudi Arabia 4.41 0.36 14.00 14.00 14.51 0.00 4.26 Southeast Asia 8/ 4.25 29.86 13.62 35.06 42.86 1.25 3.62 South Korea 1.95 0.20 9.89 7.64 10.11 0.00 1.93 Selected Other China 112.05 227.44 15.22 173.45 252.11 0.07 102.54 FSU-12 6.24 93.25 0.79 41.79 57.17 36.60 6.51 Russia 1.66 40.77 0.28 22.78 32.43 8.47 1.81 Ukraine 3.17 39.26 0.06 8.96 12.42 27.07 2.99 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and ex ports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, sel ected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2017 WASDE - 569 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Aug 263.31 1,314.15 180.55 814.29 1,349.32 186.25 228.14 Sep 261.55 1,316.52 181.45 815.59 1,347.81 185.60 230.26 United States Aug 64.68 373.03 3.53 142.56 327.65 52.47 61.11 Sep 63.56 373.86 3.53 143.19 326.38 52.47 62.09 Total Foreign Aug 198.64 941.12 177.02 671.73 1,021.67 133.78 167.03 Sep 197.99 942.66 177.93 672.40 1,021.43 133.13 168.16 Major Exporters 4/ Aug 25.70 193.89 2.05 90.48 122.26 77.71 21.67 Sep 25.26 196.33 2.05 91.03 123.10 77.91 22.63 Argentina Aug 4.72 47.25 0.01 11.32 16.78 30.81 4.39 Sep 4.72 49.00 0.01 11.72 17.38 30.71 5.64 Australia Aug 2.09 11.43 0.00 4.04 5.71 6.93 0.88 Sep 2.19 11.43 0.00 3.92 5.59 6.93 1.10 Brazil Aug 10.70 97.60 0.85 54.30 64.75 34.02 10.39 Sep 9.70 97.60 0.85 54.30 64.75 34.02 9.39 Canada Aug 4.99 24.57 0.86 14.90 22.56 4.25 3.61 Sep 5.40 25.36 0.86 15.19 22.95 4.55 4.12 Major Importers 5/ Aug 46.22 243.59 132.20 287.88 370.40 9.98 41.63 Sep 45.52 244.42 133.00 288.78 371.30 9.68 41.95 European Union 6/ Aug 13.80 150.37 16.61 119.65 160.17 8.31 12.30 Sep 13.80 150.19 16.61 119.65 160.17 8.01 12.42 Japan Aug 1.62 0.17 16.72 13.06 17.05 0.00 1.46 Sep 1.61 0.17 16.72 13.06 17.05 0.00 1.46 Mexico Aug 7.38 31.83 16.20 29.22 48.19 0.70 6.51 Sep 7.07 32.83 16.20 29.52 48.49 0.70 6.90 N. Afr & Mideast 7/ Aug 12.74 30.32 38.18 60.52 68.52 0.25 12.48 Sep 12.50 30.32 38.98 61.22 69.22 0.25 12.34 Saudi Arabia Aug 4.37 0.36 14.51 15.55 16.11 0.00 3.13 Sep 4.26 0.36 14.51 15.55 16.11 0.00 3.02 Southeast Asia 8/ Aug 3.66 30.26 15.12 37.36 45.16 0.73 3.15 Sep 3.62 30.26 15.12 37.26 45.06 0.73 3.21 South Korea Aug 1.93 0.20 10.27 8.04 10.51 0.00 1.89 Sep 1.93 0.20 10.27 8.04 10.51 0.00 1.89 Selected Other China Aug 102.55 223.04 12.15 175.20 255.63 0.03 82.08 Sep 102.54 223.04 12.15 175.20 255.63 0.03 82.07 FSU-12 Aug 5.78 93.89 0.65 41.73 56.97 37.39 5.96 Sep 6.51 94.35 0.66 41.75 57.09 38.35 6.07 Russia Aug 1.96 42.80 0.11 22.65 32.20 10.36 2.30 Sep 1.81 44.30 0.11 23.65 33.30 10.56 2.36 Ukraine Aug 2.23 38.49 0.03 8.84 12.31 26.11 2.33 Sep 2.99 37.49 0.03 7.94 11.41 26.81 2.30 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and ex ports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, sel ected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2017 WASDE - 569 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 209.62 969.62 139.44 601.67 965.39 119.69 213.86 United States 43.97 345.51 1.72 129.91 298.79 48.29 44.12 Total Foreign 165.65 624.12 137.72 471.76 666.60 71.40 169.73 Major Exporters 4/ 13.19 104.21 5.67 60.60 77.67 36.48 8.93 Argentina 2.90 29.00 0.01 5.90 9.20 21.64 1.06 Brazil 7.84 67.00 3.42 49.00 57.50 14.00 6.77 South Africa 2.45 8.21 2.24 5.70 10.97 0.84 1.10 Major Importers 5/ 23.13 118.33 81.73 144.90 196.44 4.44 22.30 Egypt 2.30 6.00 8.78 12.45 14.85 0.01 2.22 European Union 6/ 9.63 58.75 13.77 55.50 73.50 1.95 6.69 Japan 1.35 0.00 15.19 11.60 15.20 0.00 1.34 Mexico 4.09 25.97 14.01 20.30 37.30 1.56 5.21 Southeast Asia 7/ 3.67 27.46 15.20 33.10 41.15 0.93 4.25 South Korea 1.86 0.08 10.12 7.80 10.12 0.00 1.94 Selected Other 0.00 Canada 1.40 13.56 1.37 7.07 12.35 1.74 2.24 China 100.47 224.63 3.17 153.50 217.50 0.00 110.77 FSU-12 3.16 39.87 0.38 16.62 19.33 21.49 2.59 Ukraine 1.52 23.33 0.03 5.50 6.90 16.60 1.39 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 213.86 1,071.23 136.28 630.52 1,058.13 165.26 226.96 United States 44.12 384.78 1.40 137.80 312.31 58.30 59.70 Total Foreign 169.73 686.45 134.88 492.72 745.82 106.96 167.27 Major Exporters 4/ 8.93 156.65 0.56 65.10 84.30 66.00 15.83 Argentina 1.06 41.00 0.01 7.30 11.00 27.50 3.57 Brazil 6.77 98.50 0.50 51.00 60.50 36.00 9.27 South Africa 1.10 17.15 0.05 6.80 12.80 2.50 3.00 Major Importers 5/ 22.30 124.65 80.51 148.15 200.90 4.01 22.55 Egypt 2.22 6.00 9.00 12.70 15.10 0.01 2.11 European Union 6/ 6.69 61.28 14.00 54.90 73.50 2.00 6.48 Japan 1.34 0.00 15.00 11.50 15.10 0.00 1.24 Mexico 5.21 27.40 14.50 22.00 39.90 0.75 6.46 Southeast Asia 7/ 4.25 29.81 13.61 35.00 42.80 1.25 3.62 South Korea 1.94 0.08 9.80 7.60 9.90 0.00 1.91 Selected Other 0.00 Canada 2.24 13.20 1.00 7.10 12.52 1.50 2.42 China 110.77 219.55 3.00 162.00 232.00 0.05 101.28 FSU-12 2.59 47.36 0.37 17.40 20.18 27.23 2.90 Ukraine 1.39 28.00 0.05 5.00 6.40 21.50 1.54 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting dis crepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra- trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2017 WASDE - 569 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Aug 228.61 1,033.47 147.21 651.32 1,061.22 152.03 200.87 Sep 226.96 1,032.63 147.31 650.28 1,057.13 150.58 202.47 United States Aug 60.20 359.50 1.27 138.44 316.25 46.99 57.74 Sep 59.70 360.30 1.27 139.07 314.98 46.99 59.30 Total Foreign Aug 168.41 673.97 145.94 512.88 744.97 105.04 143.13 Sep 167.27 672.33 146.04 511.21 742.15 103.59 143.16 Major Exporters 4/ Aug 16.78 147.50 0.41 65.80 85.00 64.20 15.49 Sep 15.83 149.50 0.41 66.30 85.70 64.20 15.84 Argentina Aug 3.57 40.00 0.01 8.00 11.80 28.50 3.27 Sep 3.57 42.00 0.01 8.50 12.50 28.50 4.57 Brazil Aug 10.27 95.00 0.30 52.00 61.50 34.00 10.07 Sep 9.27 95.00 0.30 52.00 61.50 34.00 9.07 South Africa Aug 2.95 12.50 0.10 5.80 11.70 1.70 2.15 Sep 3.00 12.50 0.10 5.80 11.70 1.70 2.20 Major Importers 5/ Aug 22.74 121.38 86.30 153.55 206.60 2.93 20.89 Sep 22.55 121.75 86.30 153.35 206.40 2.93 21.27 Egypt Aug 2.11 6.00 10.00 13.40 15.90 0.01 2.20 Sep 2.11 6.00 10.00 13.40 15.90 0.01 2.20 European Union 6/ Aug 6.33 60.01 16.00 56.20 74.90 1.50 5.94 Sep 6.48 59.39 16.00 55.80 74.50 1.50 5.86 Japan Aug 1.24 0.00 15.00 11.50 15.10 0.00 1.15 Sep 1.24 0.00 15.00 11.50 15.10 0.00 1.15 Mexico Aug 6.76 25.00 15.50 22.70 40.70 0.70 5.86 Sep 6.46 26.00 15.50 23.00 41.00 0.70 6.26 Southeast Asia 7/ Aug 3.66 30.21 15.10 37.30 45.10 0.72 3.15 Sep 3.62 30.21 15.10 37.20 45.00 0.72 3.21 South Korea Aug 1.91 0.08 10.20 8.00 10.30 0.00 1.89 Sep 1.91 0.08 10.20 8.00 10.30 0.00 1.89 Selected Other Canada Aug 2.42 13.90 0.80 8.20 13.80 1.30 2.02 Sep 2.42 13.90 0.80 8.20 13.80 1.30 2.02 China Aug 101.28 215.00 3.00 166.00 238.00 0.02 81.26 Sep 101.28 215.00 3.00 166.00 238.00 0.02 81.26 FSU-12 Aug 2.44 49.30 0.38 18.30 21.08 28.21 2.83 Sep 2.90 47.75 0.38 17.33 20.11 28.26 2.66 Ukraine Aug 1.14 28.50 0.03 5.50 6.90 21.50 1.26 Sep 1.54 27.50 0.03 4.50 5.90 22.00 1.16 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2017 WASDE - 569 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 115.31 471.72 38.29 470.58 40.25 116.45 United States 1.55 6.13 0.77 3.58 3.40 1.48 Total Foreign 113.76 465.58 37.53 467.00 36.86 114.97 Major Exporters 4/ 31.54 154.59 0.61 128.07 29.30 29.38 India 17.80 104.41 0.00 93.57 10.24 18.40 Pakistan 1.21 6.80 0.01 2.80 4.10 1.12 Thailand 11.27 15.80 0.30 9.10 9.87 8.40 Vietnam 1.26 27.58 0.30 22.60 5.09 1.46 Major Importers 5/ 11.02 62.46 12.24 75.86 0.84 9.02 Brazil 0.64 7.21 0.90 7.90 0.55 0.31 European Union 6/ 1.15 2.05 1.80 3.55 0.27 1.18 Indonesia 4.11 36.20 1.00 37.80 0.00 3.51 Nigeria 0.99 2.71 2.10 5.20 0.00 0.60 Philippines 2.41 11.00 1.60 12.90 0.00 2.11 Sel. Mideast 7/ 1.23 1.89 3.25 5.58 0.00 0.80 Selected Other 0.00 Burma 0.65 12.16 0.03 10.70 1.30 0.84 C. Amer & Carib 8/ 0.46 1.50 1.91 3.31 0.03 0.53 China 57.44 145.77 4.80 144.00 0.27 63.74 Egypt 0.92 4.00 0.10 3.90 0.20 0.92 Japan 2.82 7.67 0.71 8.60 0.07 2.53 Mexico 0.17 0.16 0.69 0.89 0.00 0.13 South Korea 1.41 4.33 0.31 4.21 0.00 1.83 2016/17 Est. Beginning Sto c ks Production Imports Total /2 Dom estic Exports Ending Sto c ks World 3/ 116.45 486.39 39.95 482.50 44.60 120.33 United States 1.48 7.12 0.75 4.17 3.70 1.46 Total Foreign 114.97 479.27 39.20 478.33 40.89 118.87 Major Exporters 4/ 29.38 164.12 0.56 134.40 31.40 28.26 India 18.40 110.15 0.00 97.00 11.00 20.55 Pakistan 1.12 6.80 0.01 2.90 3.90 1.13 Thailand 8.40 19.20 0.25 12.00 10.50 5.35 Vietnam 1.46 27.97 0.30 22.50 6.00 1.23 Major Importers 5/ 9.02 65.28 11.85 76.07 1.12 8.95 Brazil 0.31 8.38 0.55 7.93 0.75 0.57 European Union 6/ 1.18 2.07 1.85 3.65 0.32 1.13 Indonesia 3.51 37.15 0.50 37.60 0.02 3.54 Nigeria 0.60 2.70 2.20 5.10 0.00 0.40 Philippines 2.11 11.69 1.10 12.90 0.00 2.00 Sel. Mideast 7/ 0.80 1.96 4.00 5.75 0.00 1.00 Selected Other 0.00 Burma 0.84 12.50 0.01 10.60 2.40 0.35 C. Amer & Carib 8/ 0.53 1.60 1.83 3.44 0.03 0.49 China 63.74 144.85 5.30 143.50 0.81 69.58 Egypt 0.92 4.80 0.15 4.20 0.10 1.57 Japan 2.53 7.78 0.69 8.55 0.08 2.37 Mexico 0.13 0.18 0.80 0.90 0.06 0.15 South Korea 1.83 4.20 0.41 4.70 0.00 1.74 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU -28. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. September 2017 WASDE - 569 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Aug 119.39 482.59 41.62 479.07 43.71 122.92 Sep 120.33 483.36 42.51 480.17 44.22 123.52 United States Aug 1.46 5.92 0.77 3.73 3.46 0.96 Sep 1.46 5.71 0.77 3.65 3.37 0.92 Total Foreign Aug 117.94 476.67 40.85 475.33 40.24 121.96 Sep 118.87 477.65 41.74 476.52 40.85 122.60 Major Exporters 4/ Aug 28.21 163.75 0.55 134.00 31.60 26.91 Sep 28.26 165.75 0.55 135.10 31.90 27.56 India Aug 19.30 108.00 0.00 97.00 11.50 18.80 Sep 20.55 110.00 0.00 98.00 11.80 20.75 Pakistan Aug 0.83 6.90 0.00 2.90 4.10 0.73 Sep 1.13 6.90 0.00 3.00 4.10 0.93 Thailand Aug 6.85 20.40 0.25 11.50 10.00 6.00 Sep 5.35 20.40 0.25 11.50 10.00 4.50 Vietnam Aug 1.23 28.45 0.30 22.60 6.00 1.38 Sep 1.23 28.45 0.30 22.60 6.00 1.38 Major Importers 5/ Aug 8.15 64.44 12.45 75.70 1.03 8.31 Sep 8.95 64.44 12.65 76.00 1.03 9.01 Brazil Aug 0.56 8.00 0.60 7.90 0.70 0.56 Sep 0.57 8.00 0.60 7.90 0.70 0.57 European Union 6/ Aug 1.17 2.08 1.90 3.75 0.28 1.12 Sep 1.13 2.08 1.90 3.75 0.28 1.08 Indonesia Aug 3.54 37.00 0.50 37.40 0.02 3.62 Sep 3.54 37.00 0.50 37.40 0.02 3.62 Nigeria Aug 0.40 2.77 2.20 4.90 0.00 0.47 Sep 0.40 2.77 2.20 4.90 0.00 0.47 Philippines Aug 1.41 11.20 1.80 12.90 0.00 1.51 Sep 2.00 11.20 1.80 12.90 0.00 2.10 Sel. Mideast 7/ Aug 0.75 1.96 3.60 5.60 0.00 0.71 Sep 1.00 1.96 3.80 5.90 0.00 0.86 Selected Other Burma Aug 0.50 12.30 0.01 10.75 1.70 0.36 Sep 0.35 12.60 0.01 10.60 2.00 0.36 C. Amer & Carib 8/ Aug 0.49 1.65 1.84 3.53 0.03 0.42 Sep 0.49 1.65 1.84 3.53 0.03 0.42 China Aug 69.43 145.00 5.00 143.00 0.90 75.53 Sep 69.58 144.00 5.25 143.00 0.90 74.93 Egypt Aug 1.57 4.00 0.05 4.25 0.10 1.27 Sep 1.57 4.00 0.05 4.25 0.10 1.27 Japan Aug 2.37 7.60 0.69 8.50 0.08 2.08 Sep 2.37 7.60 0.69 8.50 0.08 2.08 Mexico Aug 0.16 0.19 0.80 0.91 0.00 0.23 Sep 0.15 0.19 0.80 0.91 0.00 0.23 South Korea Aug 1.74 3.90 0.41 4.65 0.00 1.39 Sep 1.74 3.90 0.41 4.65 0.00 1.39 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Ph ilippines, selected Middle East, and the EU -28. 6/ Trade excludes intra -trade. 7/ S elected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. September 2017 WASDE - 569 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2015/16 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 111.75 96.25 35.22 111.25 35.28 -0.02 96.72 United States 3.65 12.89 0.03 3.45 9.15 0.17 3.80 Total Foreign 108.10 83.37 35.19 107.80 26.13 -0.19 92.92 Major Exporters 4/ 30.34 46.58 1.77 31.65 23.03 -0.28 24.30 Central Asia 5/ 3.01 5.97 3/ 2.43 4.46 0.00 2.09 Afr. Fr. Zone 6/ 2.19 4.23 3/ 0.12 4.87 0.00 1.43 S. Hemis 7/ 11.37 9.98 0.25 4.11 7.69 -0.29 10.09 Australia 1.82 2.85 3/ 0.04 2.85 -0.15 1.93 Brazil 7.53 5.90 0.09 3.10 4.31 -0.15 6.26 India 13.49 25.90 1.07 24.25 5.76 0.00 10.44 Major Importers 8/ 75.90 34.00 31.10 71.95 2.07 0.09 66.89 Mexico 0.69 0.94 0.98 1.85 0.13 0.03 0.61 China 66.92 22.00 4.41 35.00 0.13 0.00 58.20 European Union 9/ 0.35 1.28 0.80 0.82 1.31 0.00 0.30 Turkey 1.60 2.65 4.22 6.65 0.23 0.00 1.58 Pakistan 2.89 7.00 3.30 10.30 0.25 0.03 2.62 Indonesia 0.60 0.01 2.94 3.00 0.02 0.00 0.53 Thailand 0.22 3/ 1.28 1.27 0.00 0.03 0.20 Bangladesh 1.33 0.12 6.20 6.10 0.00 0.01 1.54 Vietnam 0.68 3/ 4.50 4.40 0.00 0.00 0.78 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Use Exports Loss /2 Ending Sto c ks World 96.72 106.74 37.21 113.68 37.54 -0.12 89.57 United States 3.80 17.17 0.01 3.25 14.92 0.06 2.75 Total Foreign 92.92 89.57 37.21 110.43 22.62 -0.18 86.82 Major Exporters 4/ 24.30 50.88 3.59 31.04 19.47 -0.27 28.54 Central Asia 5/ 2.09 5.95 3/ 2.54 2.98 0.00 2.52 Afr. Fr. Zone 6/ 1.43 5.03 3/ 0.12 4.55 0.01 1.78 S. Hemis 7/ 10.09 12.53 0.37 4.22 7.07 -0.30 11.99 Australia 1.93 4.20 3/ 0.04 3.71 -0.15 2.54 Brazil 6.26 7.00 0.19 3.20 2.79 -0.15 7.61 India 10.44 27.00 2.70 23.50 4.60 0.00 12.04 Major Importers 8/ 66.89 35.86 31.33 75.34 2.06 0.09 56.60 Mexico 0.61 0.76 1.00 1.75 0.15 0.03 0.44 China 58.20 22.75 5.03 37.50 0.06 0.00 48.42 European Union 9/ 0.30 1.31 0.72 0.72 1.38 0.00 0.23 Turkey 1.58 3.20 3.60 6.40 0.34 0.00 1.65 Pakistan 2.62 7.70 2.40 10.30 0.13 0.03 2.27 Indonesia 0.53 0.01 3.40 3.30 0.01 0.00 0.63 Thailand 0.20 3/ 1.23 1.20 0.00 0.03 0.20 Bangladesh 1.54 0.13 6.25 6.50 0.00 0.01 1.41 Vietnam 0.78 3/ 5.50 5.40 0.00 0.00 0.88 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addi tion to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. September 2017 WASDE - 569 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2017/18 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Aug 89.99 117.31 37.19 117.40 37.17 -0.19 90.09 Sep 89.57 120.75 37.82 117.75 37.78 0.07 92.54 United States Aug 2.80 20.55 0.01 3.35 14.20 0.01 5.80 Sep 2.75 21.76 0.01 3.35 14.90 0.27 6.00 Total Foreign Aug 87.19 96.76 37.18 114.05 22.97 -0.20 84.29 Sep 86.82 98.99 37.81 114.40 22.88 -0.20 86.54 filler filler filler filler filler filler filler Major Exporters 4/ Aug 28.93 54.02 2.04 32.25 19.81 -0.29 33.21 Sep 28.54 55.79 2.07 32.36 19.68 -0.29 34.64 Central Asia 5/ Aug 2.47 6.20 3/ 2.65 3.01 0.00 3.01 Sep 2.52 6.20 3/ 2.66 2.86 0.00 3.20 Afr. Fr. Zone 6/ Aug 1.78 5.24 3/ 0.12 4.56 0.00 2.35 Sep 1.78 5.32 3/ 0.12 4.61 0.00 2.38 S. Hemis 7/ Aug 11.88 13.07 0.26 4.33 7.65 -0.30 13.53 Sep 11.99 13.77 0.27 4.43 7.72 -0.30 14.17 Australia Aug 2.65 4.80 3/ 0.04 3.90 -0.15 3.66 Sep 2.54 5.00 3/ 0.04 3.80 -0.15 3.85 Brazil Aug 7.41 7.00 0.10 3.30 3.20 -0.15 8.16 Sep 7.61 7.50 0.10 3.40 3.40 -0.15 8.56 India Aug 12.59 29.00 1.30 24.50 4.30 0.00 14.09 Sep 12.04 30.00 1.30 24.50 4.20 0.00 14.64 filler filler filler filler filler filler filler Major Importers 8/ Aug 56.58 39.89 32.65 77.75 2.10 0.09 49.19 Sep 56.60 40.32 33.25 77.97 2.15 0.09 49.96 Mexico Aug 0.44 1.15 1.03 1.80 0.15 0.03 0.64 Sep 0.44 1.38 0.95 1.80 0.20 0.03 0.75 China Aug 48.40 24.50 5.00 38.50 0.05 0.00 39.35 Sep 48.42 24.50 5.10 38.50 0.05 0.00 39.47 European Union 9/ Aug 0.23 1.36 0.72 0.74 1.21 0.00 0.35 Sep 0.23 1.36 0.72 0.74 1.21 0.00 0.35 Turkey Aug 1.65 3.60 3.45 6.60 0.33 0.00 1.77 Sep 1.65 3.80 3.40 6.70 0.33 0.00 1.82 Pakistan Aug 2.27 9.15 2.20 10.60 0.35 0.03 2.64 Sep 2.27 9.15 2.40 10.60 0.35 0.03 2.84 Indonesia Aug 0.63 3/ 3.35 3.30 0.01 0.00 0.68 Sep 0.63 3/ 3.40 3.30 0.01 0.00 0.73 Thailand Aug 0.20 3/ 1.30 1.25 0.00 0.03 0.23 Sep 0.20 3/ 1.35 1.25 0.00 0.03 0.28 Bangladesh Aug 1.41 0.13 7.20 6.90 0.00 0.01 1.82 Sep 1.41 0.13 7.25 6.90 0.00 0.01 1.87 Vietnam Aug 0.88 3/ 6.20 5.90 0.00 0.00 1.19 Sep 0.88 3/ 6.40 5.95 0.00 0.00 1.34 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addi tion to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. September 2017 WASDE - 569 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 77.52 313.71 133.33 274.93 314.35 132.46 77.74 United States 5.19 106.86 0.64 51.34 54.47 52.86 5.35 Total Foreign 72.33 206.85 132.68 223.60 259.87 79.60 72.39 Major Exporters 3/ 50.67 164.73 1.12 86.69 94.54 71.79 50.19 Argentina 31.70 56.80 0.68 43.27 47.56 9.92 31.70 Brazil 18.93 96.50 0.41 39.75 43.25 54.38 18.20 Paraguay 0.02 9.22 0.01 3.60 3.64 5.31 0.29 Major Importers 4/ 18.68 15.47 113.50 106.59 128.02 0.32 19.30 China 17.01 11.79 83.23 81.00 95.00 0.11 16.91 European Union 0.68 2.32 15.12 15.20 16.83 0.14 1.15 Japan 0.21 0.24 3.19 2.28 3.38 0.00 0.26 Mexico 0.07 0.33 4.13 4.40 4.43 0.00 0.10 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ 77.74 351.44 142.83 288.51 329.77 146.29 95.96 United States 5.35 117.21 0.68 51.57 54.78 59.06 9.40 Total Foreign 72.39 234.24 142.15 236.94 274.98 87.23 86.56 Major Exporters 3/ 50.19 185.68 1.77 89.60 97.76 78.47 61.41 Argentina 31.70 57.80 1.50 44.15 48.60 6.50 35.90 Brazil 18.20 114.00 0.25 41.30 44.95 62.50 25.00 Paraguay 0.29 10.67 0.01 3.95 3.99 6.60 0.37 Major Importers 4/ 19.30 16.81 121.24 112.38 135.18 0.37 21.80 China 16.91 12.90 92.00 87.00 102.00 0.12 19.69 European Union 1.15 2.38 13.50 14.40 16.04 0.20 0.79 Japan 0.26 0.24 3.20 2.30 3.46 0.00 0.24 Mexico 0.10 0.51 4.20 4.65 4.69 0.00 0.12 2017/18 Proj. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ Aug 96.98 347.36 147.96 300.46 343.32 151.19 97.78 Sep 95.96 348.44 148.86 300.65 344.30 151.42 97.53 United States Aug 10.08 119.23 0.68 52.80 56.50 60.56 12.94 Sep 9.40 120.59 0.68 52.80 56.51 61.24 12.93 Total Foreign Aug 86.90 228.13 147.28 247.66 286.82 90.64 84.84 Sep 86.56 227.84 148.18 247.85 287.79 90.19 84.61 Major Exporters 3/ Aug 62.57 176.40 1.72 90.99 99.26 80.35 61.08 Sep 61.41 175.92 1.72 90.99 99.26 79.90 59.90 Argentina Aug 35.55 57.00 1.50 44.84 49.34 8.00 36.71 Sep 35.90 57.00 1.50 44.84 49.34 8.00 37.06 Brazil Aug 26.52 107.00 0.20 42.00 45.70 64.00 24.02 Sep 25.00 107.00 0.20 42.00 45.70 64.00 22.50 Paraguay Aug 0.37 9.40 0.01 3.95 4.00 5.50 0.28 Sep 0.37 9.40 0.01 3.95 4.00 5.50 0.28 Major Importers 4/ Aug 21.24 17.97 125.00 119.23 142.74 0.40 21.07 Sep 21.80 17.92 126.15 119.63 143.80 0.40 21.67 China Aug 19.19 14.00 94.00 92.50 108.10 0.15 18.94 Sep 19.69 14.00 95.00 93.00 109.10 0.15 19.44 European Union Aug 0.78 2.53 14.60 15.20 16.84 0.20 0.87 Sep 0.79 2.48 14.50 15.10 16.74 0.20 0.83 Japan Aug 0.24 0.26 3.30 2.35 3.51 0.00 0.29 Sep 0.24 0.26 3.30 2.35 3.51 0.00 0.29 Mexico Aug 0.12 0.42 4.30 4.72 4.76 0.00 0.09 Sep 0.12 0.42 4.30 4.72 4.76 0.00 0.09 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports . Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan , Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). September 2017 WASDE - 569 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.58 215.76 61.89 213.49 65.31 12.43 United States 0.24 40.53 0.37 30.04 10.84 0.24 Total Foreign 13.34 175.24 61.52 183.45 54.47 12.19 Major Exporters 3/ 8.39 68.52 0.07 23.58 46.14 7.26 Argentina 4.03 33.21 0.00 2.68 30.33 4.23 Brazil 3.81 30.75 0.03 16.27 15.41 2.91 India 0.55 4.56 0.05 4.63 0.41 0.12 Major Importers 4/ 2.11 16.58 36.57 52.89 0.51 1.85 European Union 0.63 12.01 19.21 31.09 0.30 0.46 Southeast Asia 5/ 1.42 2.85 15.63 18.35 0.21 1.35 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 12.43 226.34 61.76 222.07 65.14 13.32 United States 0.24 40.47 0.32 30.07 10.66 0.30 Total Foreign 12.19 185.87 61.45 192.00 54.48 13.03 Major Exporters 3/ 7.26 73.05 0.03 24.60 46.85 8.89 Argentina 4.23 33.93 0.00 2.85 31.25 4.06 Brazil 2.91 32.00 0.02 16.90 13.85 4.18 India 0.12 7.12 0.01 4.85 1.75 0.65 Major Importers 4/ 1.85 16.21 36.70 52.93 0.55 1.28 European Union 0.46 11.38 19.00 30.34 0.31 0.18 Southeast Asia 5/ 1.35 3.08 16.00 19.14 0.24 1.05 2017/18 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Aug 13.40 236.00 65.00 233.88 67.46 13.06 Sep 13.32 236.55 64.80 234.38 67.42 12.88 United States Aug 0.30 41.80 0.27 31.03 11.07 0.27 Sep 0.30 41.80 0.27 31.03 11.07 0.27 Total Foreign Aug 13.10 194.20 64.73 202.86 56.39 12.79 Sep 13.03 194.75 64.53 203.35 56.36 12.60 Major Exporters 3/ Aug 8.84 73.88 0.03 25.91 48.15 8.69 Sep 8.89 73.88 0.03 26.01 48.15 8.64 Argentina Aug 4.21 34.42 0.00 3.06 31.20 4.38 Sep 4.06 34.42 0.00 3.06 31.20 4.23 Brazil Aug 3.98 32.50 0.02 17.40 15.25 3.85 Sep 4.18 32.50 0.02 17.50 15.25 3.95 India Aug 0.65 6.96 0.01 5.45 1.70 0.46 Sep 0.65 6.96 0.01 5.45 1.70 0.46 Major Importers 4/ Aug 1.41 17.19 38.52 55.19 0.53 1.40 Sep 1.28 17.11 38.37 54.96 0.53 1.27 European Union Aug 0.22 12.01 19.50 31.24 0.30 0.18 Sep 0.18 11.93 19.50 31.14 0.30 0.17 Southeast Asia 5/ Aug 1.15 3.41 17.17 20.33 0.23 1.17 Sep 1.05 3.41 17.02 20.20 0.23 1.05 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. September 2017 WASDE - 569 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 4.21 51.50 11.63 52.10 11.68 3.56 United States 0.84 9.96 0.13 9.15 1.02 0.77 Total Foreign 3.37 41.55 11.50 42.96 10.66 2.80 Major Exporters 3/ 0.96 18.95 0.39 11.41 8.16 0.73 Argentina 0.37 8.43 0.00 2.83 5.70 0.27 Brazil 0.38 7.63 0.07 6.29 1.55 0.24 European Union 0.21 2.89 0.33 2.29 0.92 0.23 Major Importers 4/ 1.53 15.87 6.85 22.89 0.17 1.19 China 0.78 14.52 0.59 15.25 0.10 0.53 India 0.52 1.03 4.27 5.30 0.00 0.51 North Africa 5/ 0.23 0.33 2.00 2.34 0.07 0.15 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 3.56 53.94 11.23 53.53 11.54 3.66 United States 0.77 10.00 0.16 8.94 1.16 0.83 Total Foreign 2.80 43.94 11.07 44.60 10.38 2.83 Major Exporters 3/ 0.73 19.22 0.33 11.67 7.67 0.95 Argentina 0.27 8.55 0.00 2.87 5.45 0.50 Brazil 0.24 7.93 0.06 6.59 1.37 0.27 European Union 0.23 2.74 0.27 2.21 0.85 0.18 Major Importers 4/ 1.19 17.71 6.15 23.79 0.18 1.08 China 0.53 15.59 0.72 16.20 0.11 0.53 India 0.51 1.60 3.70 5.40 0.00 0.41 North Africa 5/ 0.15 0.52 1.73 2.19 0.07 0.13 2017/18 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Aug 3.65 56.01 11.67 55.78 11.92 3.62 Sep 3.66 56.13 11.51 55.74 11.92 3.63 United States Aug 0.90 10.21 0.15 9.28 1.04 0.94 Sep 0.83 10.21 0.15 9.44 0.95 0.80 Total Foreign Aug 2.75 45.80 11.52 46.51 10.87 2.69 Sep 2.83 45.92 11.36 46.31 10.97 2.83 Major Exporters 3/ Aug 0.87 19.58 0.34 11.85 8.10 0.84 Sep 0.95 19.56 0.31 11.68 8.20 0.93 Argentina Aug 0.43 8.63 0.00 2.90 5.75 0.41 Sep 0.50 8.63 0.00 2.80 5.85 0.49 Brazil Aug 0.30 8.06 0.06 6.70 1.45 0.27 Sep 0.27 8.06 0.06 6.70 1.45 0.24 European Union Aug 0.15 2.89 0.28 2.26 0.90 0.16 Sep 0.18 2.87 0.25 2.19 0.90 0.21 Major Importers 4/ Aug 1.09 18.78 6.48 25.05 0.19 1.11 Sep 1.08 18.96 6.38 25.05 0.19 1.17 China Aug 0.54 16.58 0.50 16.95 0.10 0.57 Sep 0.53 16.76 0.50 17.05 0.10 0.64 India Aug 0.41 1.56 4.20 5.75 0.00 0.43 Sep 0.41 1.56 4.10 5.65 0.00 0.43 North Africa 5/ Aug 0.13 0.64 1.78 2.35 0.09 0.11 Sep 0.13 0.64 1.78 2.35 0.09 0.11 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tunisia. September 2017 WASDE - 569 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2016 III 6,472 6,100 12,626 10,338 1,515 11,997 24,623 2,161 52.6 IV 6,625 6,648 13,329 10,065 1,511 11,708 25,037 2,220 52.5 Annual 25,221 24,941 50,388 40,695 5,981 47,225 97,612 8,565 212.4 2017 I 6,300 6,409 12,764 10,233 1,487 11,848 24,612 2,174 53.6 II 6,404 6,137 12,595 10,407 1,481 12,023 24,618 2,175 55.3 III* 6,730 6,270 13,054 10,350 1,465 11,952 25,006 2,190 53.6 IV* 7,125 7,025 14,208 10,300 1,565 12,005 26,213 2,225 53.5 Annual Aug Proj. 26,699 25,806 52,727 41,488 5,983 48,016 100,743 8,763 215.7 Sep Proj. 26,559 25,841 52,621 41,290 5,998 47,828 100,449 8,764 216.0 2018 I* 6,340 6,515 12,907 10,400 1,510 12,045 24,952 2,205 54.6 II* 6,835 6,380 13,271 10,625 1,540 12,305 25,576 2,180 56.5 Annual Aug Proj. 27,360 26,735 54,313 42,275 6,180 49,005 103,318 8,890 220.3 Sep Proj. 27,275 26,715 54,208 42,275 6,180 49,005 103,213 8,890 220.1 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & mutton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2016 III 113.26 49.26 81.7 120.7 71.6 16.90 IV 107.69 37.02 78.0 116.6 81.7 17.80 Annual 120.86 46.16 84.3 117.1 85.7 16.30 2017 I 122.96 49.73 88.5 100.4 80.0 18.23 II 132.76 51.70 104.7 99.1 74.7 16.83 III* 110-113 57-58 95-96 97-98 93-94 17.70 -17.90 IV* 107-113 44-46 86-90 100-106 101-107 18.05 -18.55 Annual Aug Proj. 120-122 51-52 93-95 99-102 86-88 17.80 -18.00 Sep Proj. 118-120 50-51 93-95 99-101 87-89 17.70 -17.90 2018 I* 110-120 48-52 86-94 94-102 84-90 17.60 -18.40 II* 109-119 50-54 86-94 97-105 79-85 17.10 -18.10 Annual Aug Proj. 112-121 46-50 85-92 100-109 87-94 18.00 -19.00 Sep Proj. 111-120 46-50 85-92 100-109 87-94 17.55 -18.55 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. September 2017 WASDE - 569 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2016 683 25,288 3,015 28,986 2,556 757 25,673 55.6 2017 Proj. Aug 757 26,766 2,832 30,355 2,784 650 26,921 57.9 Sep 757 26,626 2,832 30,215 2,784 650 26,781 57.6 2018 Proj. Aug 650 27,427 2,870 30,947 2,860 600 27,487 58.7 Sep 650 27,342 2,870 30,862 2,860 600 27,402 58.5 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2016 590 24,957 1,091 26,638 5,239 507 20,891 50.1 2017 Proj. Aug 507 25,822 1,095 27,424 5,753 600 21,071 50.2 Sep 507 25,857 1,095 27,459 5,753 600 21,106 50.3 2018 Proj. Aug 600 26,751 935 28,286 5,965 750 21,571 51.1 Sep 600 26,731 935 28,266 5,965 750 21,551 51.0 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2016 1,320 50,481 4,322 56,123 7,801 1,304 47,019 106.9 2017 Proj. Aug 1,304 52,820 4,167 58,291 8,544 1,287 48,460 109.4 Sep 1,304 52,714 4,177 58,195 8,543 1,291 48,361 109.2 2018 Proj. Aug 1,287 54,406 4,047 59,740 8,833 1,387 49,520 111.0 Sep 1,291 54,301 4,047 59,639 8,833 1,391 49,415 110.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2016 832 40,260 131 41,223 6,644 778 33,800 89.8 2017 Proj. Aug 778 41,044 134 41,956 6,814 745 34,397 90.7 Sep 778 40,848 134 41,760 6,814 745 34,201 90.2 2018 Proj. Aug 745 41,823 130 42,698 7,030 750 34,918 91.5 Sep 745 41,823 130 42,698 7,030 750 34,918 91.5 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2016 201 5,981 50 6,232 569 279 5,384 16.6 2017 Proj. Aug 279 5,983 35 6,297 611 300 5,386 16.5 Sep 279 5,998 35 6,312 611 300 5,401 16.6 2018 Proj. Aug 300 6,180 40 6,520 650 295 5,575 17.0 Sep 300 6,180 40 6,520 650 295 5,575 17.0 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2016 1,041 46,789 184 48,014 7,372 1,065 39,577 107.6 2017 Proj. Aug 1,065 47,571 172 48,808 7,564 1,053 40,191 108.5 Sep 1,065 47,386 172 48,622 7,564 1,053 40,005 108.1 2018 Proj. Aug 1,053 48,552 174 49,779 7,825 1,053 40,901 109.7 Sep 1,053 48,552 174 49,779 7,825 1,053 40,901 109.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2016 2,361 97,269 4,506 104,137 15,173 2,369 86,595 214.6 2017 Proj. Aug 2,369 100,391 4,339 107,099 16,108 2,340 88,651 217.9 Sep 2,369 100,099 4,349 106,817 16,107 2,344 88,367 217.2 2018 Proj. Aug 2,340 102,958 4,221 109,519 16,658 2,440 90,421 220.7 Sep 2,344 102,853 4,221 109,418 16,658 2,444 90,316 220.5 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready -to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. September 2017 WASDE - 569 - 33 U.S. Egg Supply and Use Commodity 2015 2016 2017 Proj. 2017 Proj. 2018 Proj. 2018 Proj. Aug Sep Aug Sep Eggs Million Dozen Supply Beginning Stocks 23.3 31.1 27.1 27.1 27.0 27.0 Production 8,053.0 8,565.0 8,763.0 8,764.0 8,890.0 8,890.0 Imports 123.5 121.9 51.4 51.4 40.0 40.0 Total Supply 8,199.8 8,718.0 8,841.5 8,842.5 8,957.0 8,957.0 Use Exports 313.6 279.0 305.2 305.2 320.0 320.0 Hatching Use 995.6 1,009.6 1,023.8 1,028.8 1,030.0 1,030.0 Ending Stocks 31.1 27.1 27.0 27.0 27.0 27.0 Disappearance Total 6,859.4 7,402.3 7,485.5 7,481.5 7,580.0 7,580.0 Per Capita (number) 256.3 274.7 275.9 275.7 277.5 277.5 Total U.S. Milk Supply and Use Commodity 2015 2016 2017 Proj. 2017 Proj. 2018 Proj. 2018 Proj. Aug Sep Aug Sep Milk Billion Pounds Production 208.6 212.4 215.7 216.0 220.3 220.1 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 10.5 12.3 12.7 12.7 12.1 12.8 Marketings 207.6 211.4 214.7 215.0 219.3 219.1 Imports 5.8 7.0 6.0 6.1 5.8 5.7 Total Cml. Supply 223.9 230.8 233.4 233.8 237.2 237.6 Fat Basis Use Commercial Exports 8.5 8.4 9.3 9.2 9.2 9.2 Ending Commercial Stocks 12.3 12.7 12.1 12.8 11.8 12.1 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 203.0 209.7 211.9 211.8 216.2 216.3 Skim -solid Basis Supply Beg. Commercial Stocks 9.4 9.2 9.5 9.5 9.9 10.2 Marketings 207.6 211.4 214.7 215.0 219.3 219.1 Imports 6.0 6.5 6.3 6.4 6.4 6.2 Total Cml. Supply 223.1 227.1 230.5 230.9 235.5 235.5 Skim -solid Basis Use Commercial Exports 37.3 39.0 40.7 40.6 42.1 41.8 Ending Commercial Stocks 9.2 9.5 9.9 10.2 9.0 9.4 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 176.6 178.5 179.9 180.1 184.4 184.3 Total Note: Totals may not add due to rounding. September 2017 WASDE - 569 - 34 U.S. Dairy Prices Commodity 2015 2016 2017 Proj. 2017 Proj. 2018 Proj. 2018 Proj. Aug Sep Aug Sep Product Prices 1/ Dollars Per Pound Cheese 1.6454 1.6050 1.590 - 1.610 1.610 - 1.630 1.640 - 1.740 1.630 - 1.730 Butter 2.0670 2.0777 2.425 - 2.465 2.355 - 2.395 2.375 - 2.505 2.330 - 2.460 Nonfat Dry Milk 0.9016 0.8292 0.885 - 0.905 0.880 - 0.900 0.905 - 0.975 0.860 - 0.930 Dry Whey 0.3804 0.2875 0.455 - 0.475 0.445 - 0.465 0.445 - 0.475 0.410 - 0.440 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 15.80 14.87 15.90 - 16.10 16.05 - 16.25 16.30 - 17.30 16.00 - 17.00 Class IV 14.35 13.77 15.75 - 16.05 15.40 - 15.70 15.70 - 16.80 15.10 - 16.20 All Milk 3/ 17.13 16.30 17.80 - 18.00 17.70 - 17.90 18.00 - 19.00 17.55 - 18.55 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated pla nts for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . September 2017 WASDE - 569 - 35 Reliability of September Projections 1/ Note: Tables on pages 35 -37 present a record of the September projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 2 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 3.4 percent. The average difference between the September projection and the final estimate is 9 million tons, ranging from 0.9 million to 30.7 million tons. The September projection has been below the estimate 24 times and above 12 tim es. Differences between forecast and final estimate 90 perce nt Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 2.0 3.4 9.0 0.9 30.7 24 12 U.S. 1.9 3.2 0.9 0.0 2.5 14 22 Foreign 2.3 3.9 9.0 1.0 30.9 25 11 Exports World 6.0 10.2 6.4 0.3 22.0 28 8 U.S. 10.5 17.7 2.6 0.2 10.0 17 19 Foreign 7.5 12.7 6.0 0.2 21.4 27 9 Domestic Use World 1.7 2.9 7.1 0.2 23.4 20 16 U.S. 7.4 12.6 2.0 0.0 5.5 12 24 Foreign 1.7 2.9 7.1 0.1 21.0 24 12 Ending Stocks World 8.3 14.1 9.8 1.5 29.6 28 8 U.S. 14.5 24.7 2.7 0.5 12.4 20 16 Foreign 9.1 15.5 8.7 0.5 27.1 27 9 COARSE GRAINS 2/ Production World 2.2 3.7 17.1 0.2 50.6 28 8 U.S. 4.3 7.3 7.7 0.2 26.0 24 12 Foreign 2.5 4.2 14.8 1.0 42.8 27 9 Exports World 7.3 12.4 7.1 0.1 25.2 25 11 U.S. 19.8 33.6 7.1 0.4 19.1 15 21 Foreign 13.9 23.6 7.6 0.7 20.9 24 12 Domestic Use World 1.6 2.7 12.1 0.4 39.0 21 15 U.S. 3.8 6.4 6.3 0.1 15.8 23 13 Foreign 1.8 3.0 10.5 0.4 37.6 23 13 Ending Stocks World 12.5 21.2 16.1 1.7 43.2 28 8 U.S. 23.6 40.1 8.4 0.1 32.2 15 21 Foreign 14.6 24.8 12.3 0.7 41.6 30 6 RICE, milled Production World 2.3 4.0 6.3 0.4 24.1 27 9 U.S. 4.5 7.6 0.2 0.0 0.5 20 15 Foreign 2.4 4.1 6.3 0.3 24.4 27 9 Exports World 9.2 15.6 1.6 0.1 6.8 26 10 U.S. 11.1 18.8 0.2 0.0 0.9 19 15 Foreign 10.3 17.5 1.5 0.1 6.8 26 10 Domestic Use World 1.9 3.2 4.4 0.4 22.7 28 8 U.S. 6.7 11.4 0.2 0.0 0.4 15 20 Foreign 1.9 3.2 4.4 0.2 23.1 28 8 Ending Stocks World 12.3 20.9 5.4 0.5 21.4 30 6 U.S. 23.2 39.3 0.2 0.0 0.9 19 17 Foreign 13.5 22.9 5.5 0.2 21.4 30 6 1/ Footnotes at end of table. CONTINUED September 2017 WASDE - 569 - 36 Reliability of September Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 4.7 8.0 7.0 0.4 27.4 23 13 U.S. 5.2 8.8 3.0 0.2 10.4 21 15 Foreign 7.7 13.1 6.7 0.9 29.1 18 18 Exports World 7.4 12.6 3.4 0.2 12.5 24 12 U.S. 12.3 20.8 2.8 0.1 7.3 23 13 Foreign 18.2 30.8 2.8 0.0 10.5 15 21 Domestic Use World 3.4 5.8 4.6 0.0 15.1 24 12 U.S. 4.6 7.7 1.7 0.1 4.5 23 13 Foreign 4.2 7.0 4.4 0.0 11.2 24 12 Ending Stocks World 18.3 31.1 5.5 0.2 24.8 21 15 U.S. 39.1 66.3 2.2 0.1 6.6 11 25 Foreign 20.4 34.6 5.0 0.0 24.7 22 13 COTTON Million 480 -Pound Bales Production World 4.8 8.2 3.3 0.1 12.6 22 14 U.S. 6.1 10.4 0.8 0.0 2.4 19 16 Foreign 5.5 9.2 2.9 0.0 11.3 23 13 Exports World 9.5 16.0 2.3 0.0 10.1 22 14 U.S. 21.3 36.2 1.2 0.1 3.4 20 16 Foreign 12.3 20.9 1.8 0.1 8.8 19 17 Domestic Use World 3.9 6.6 2.8 0.1 13.1 14 22 U.S. 8.4 14.2 0.4 0.0 1.3 17 17 Foreign 4.0 6.8 2.8 0.0 12.3 15 20 Ending Stocks World 14.5 24.7 5.3 0.2 15.9 25 11 U.S. 36.4 61.7 1.4 0.1 5.1 15 21 Foreign 15.0 25.5 4.9 0.2 16.0 25 11 1/ Marketing years 1981/82 through 2016/17 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2015/16, and for 2016/17 the last month’s estima te. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. September 2017 WASDE - 569 - 37 Reliability of United States September Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 4.5 7.6 286 15 885 24 12 Exports 20.6 35.0 256 46 725 15 21 Domestic Use 4.1 7.0 248 0 565 23 12 Ending Stocks 27.0 45.8 315 2 1,321 15 21 SORGHUM Production 6.3 10.6 25 0 81 16 19 Exports 27.0 45.8 40 1 150 19 17 Domestic Use 24.7 41.9 39 0 120 18 16 Ending Stocks 48.8 82.8 33 1 155 10 26 BARLEY Production 5.0 8.4 11 1 36 14 22 Exports 67.0 113.7 14 0 82 15 18 Domestic Use 9.6 16.4 23 0 72 12 22 Ending Stocks 17.6 29.8 19 0 70 18 17 OATS Production 9.3 15.7 12 0 44 6 29 Exports 100.4 170.4 1 0 8 10 14 Domestic Use 5.9 10.1 13 1 39 11 25 Ending Stocks 23.6 40.1 15 2 47 18 18 SOYBEAN MEAL Thousand Short Tons Production 4.4 7.5 1,313 93 4,200 24 12 Exports 14.8 25.0 904 34 4,100 20 16 Domestic Use 3.8 6.4 797 26 3,200 22 14 Ending Stocks 40.8 69.3 51 0 368 12 13 SOYBEAN OIL Million Pounds Production 4.7 8.0 628 26 2,635 22 14 Exports 34.9 59.2 434 0 1,675 19 16 Domestic Use 4.3 7.2 485 86 2,150 23 13 Ending Stocks 31.0 52.5 436 60 1,357 20 16 ANIMAL PROD. Million Pounds Beef 4.1 7.0 828 32 2,486 26 9 Pork 3.1 5.2 415 19 1,356 22 13 Broilers 2.1 3.6 526 49 1,379 21 14 Turkeys 3.8 6.4 143 2 444 21 14 Million Dozen Eggs 1.9 3.2 108 4 414 23 12 Billion Pounds Milk 1.7 2.9 1.9 0.0 7.2 20 12 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2016/17 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate followin g the marketing year for 1981/82 through 2015/16, and for 2016/17 the last month’s estimate. Calendar years 1982 through 2016 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 19 82-2016. WASDE -569-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Dema nd Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data f or grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report ar e provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 . WASDE Notification System Subscribers are notified through GovDelivery when the monthly World Agricultural Supply and Demand Estimates (WASDE) report is available. Previous WASDE reports are available at http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1194 For questions contact: Susan Carter at 202- 720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE -569 – September 12, 2017 WASDE Briefing Slides : The briefing slides which accompany today’s WASDE report will be available at http://www.usda.gov/oce/commodity/wasde/ Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e -mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu. Select the “Reports by E -Mail” bar to sign up. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554-9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 563 Approved by the World Agricultural Outlook Board March 9, 2017 WHEAT: U.S. wheat imports for 2016/17 are reduced this month by 10 million bushels to 115 million. Ending stocks are projected lower by the same amount to 1,129 million bushels. The season -average farm price is unchanged with the midpoint of the range at $3.85 per bushel. Internationally, global production increased 2.8 million tons to 751.1 million, mainly due to larger crops in Argentina and Australia more than offsetting a slight reduction in the European Union. Australia’s 2016/17 wheat production is raised 2.0 million tons to a record -large 35.0 million. USDA model -based analysis of weather data estimates Australia’s yield in line with the latest Australia Bureau of Agricultural and Resource Economics and Sciences (ABARES) estimate. Projected exports are increased for both Australia and Argentina on their larger supplies while Canada’s exports are reduced on a sluggish export pace. Global imports are raised this month led by India, which was raised 1.8 million tons to 5.5 million. This would be the largest wheat import total for India since 2006/07; India stocks have successively declined since 2012/13. Despite higher projected global use, driven by India, 2016/17 global ending stocks are increased by 1.3 million tons to 249.9 million. COARSE GRAINS: This month’s 2016/17 U.S. corn outlook is for increased corn used to produce ethanol and reduced feed and residual use. Corn used to produce ethanol is raised 50 million bushels to 5,400 million based on the most recent data from the Grain Crushings and Co-Products Production report and strong pace of weekly ethanol production during February as indicated by Energy Information Administration data. Offsetting is a 50 million bushel reduction in projected feed and residual use to 5,550 million bushels based on indicated use during 2015/16, increased corn used to produce ethanol, and higher expected sorghum feeding. Ending stocks are unchanged from last month. The projected range for the season-average corn price received by producers is unchanged at $3.20 to $3.60 per bushel. Corn for food, seed, and industrial use (FSI) is raised 11 million bushels for 2015/16 reflecting a 18-million-bushel increase in estimated corn used in ethanol production based on revisions to monthly data reported in the March 1 Grain Crushings and Co- Products Production 2016 Summary . Partially offsetting is a marginal reduction in non- ethanol FSI. With stocks and trade known, a change is made to feed and residual use. Global coarse grain production for 2016/17 is forecast 12.7 million tons higher from last month to 1,341.7 million. This month’s foreign coarse grain outlook is for increased production, consumption, trade, and stocks relative to last month. Brazil corn production WASDE-563-2 is raised on increases to both projected area and yield. Reported first crop yields have been record high, while the rapid planting progress of second crop corn in the Center- West boosts expected area and yield prospects, allowing for greater crop development prior to the normal end of the rainy season. South Africa corn production is higher as above normal rainfall and benign temperatures during grain fill support an increased yield forecast. India corn production is raised based on the latest government statistics. Argentina corn production is increased based on higher-than-expected yield results for early-planted corn and indications of larger pl anted area. Barley production for Australia is projected sharply higher based on the latest information from ABARES. Major global trade changes for 2016/17 this month include higher projected corn exports for Brazil, Argentina, and South Africa. Corn imports are raised for Iran, while barley imports are raised for Saudi Arabia and China. Foreign corn ending stocks are raised from last month, mostly reflecting increases for Brazil, Argentina, Iran and South Africa. RICE: The U.S. 2016/17 rice supply and demand estimates are unchanged this month. The all rice marketing year average price is also unchanged with the midpoint of the range at $10.50 per cwt. Medium -and short -grain prices are raised slightly. Global rice production is minimally increased to 480.4 million tons with Brazil accounting for all of the increase. World exports are modestly reduced as lower exports by Australia, India, and Vietnam are only partially offset by increases for Brazil and China. Global use is fractionally raised this month, resulting in projected ending stocks declining to 117.7 million tons, which is still the highest level since 2001/02. OILSEEDS: U.S. soybean supply and use changes for 2016/17 include higher crush, lower exports, and increased ending stocks compared with last month’s report. Soybean crush is raised 10 million bushels to 1,940 million on increased domestic soybean meal disappearance. Soybean exports are reduced 25 million bushels to 2,025 million with increased production and exports for Brazil. Soybean stocks are projected at 435 million bushels, up 15 million from last month. With increased crush, soybean oil production, exports, and ending stocks are forecast higher. The season -average soybean price range forecast of $9.30 to $9.90 per bushel is raised 10 cents at the midpoint. Soybean oil prices are forecast at 32 to 35 cents per pound, down 2 cents at the midpoint. Soybean meal prices are unchanged at $310 to $340 per short ton. The 2016/17 global oilseed supply and demand forecasts include higher production, exports, and ending stocks compared to last month. Global oilseed supplies are raised 3.2 million tons to 646.9 million mainly on a 4 -million- ton increase to the Brazilian soybean crop, which is projected at a record 108 million tons. The crop has benefited from favorable weather with ample rainfall throughout the growing season, raising the prospects for record yields. Also adding to oilseed supplies are increases to rapeseed production in Australia and sunflowerseed in Turkey and Serbia. WASDE-563-3 Global oilseed exports are raised 1.4 million tons from last month mostly on a 1.0 -million - ton increase to soybean exports. Higher soybean shipments for Brazil and Paraguay offset lower U.S. exports. Parallel to higher exports is a 1 -million -ton increase to Chinese soybean imports reaching a record 87 million tons. Forecast global oilseed stocks are raised 2.6 million tons to 94.3 million mainly on higher soybean stocks, which are increased 2.5 million tons for Brazil, China, and the United States combined. Production changes to oilseed products include increased meals and lower vegetable oils. Higher oilseed meal is mainly driven by increased soybean meal production for Brazil, the United States, and Thailand. Global vegetable oil production is lowered 0.6 million tons mostly on a reduction in palm oil for Malaysia and Colombia. SUGAR: U.S. fiscal year 2016/17 beet sugar production is decreased 265,000 short tons, raw value (STRV) to 5.106 million. Sucrose recovery from sugarbeet slicing reported by processors in the Sweetener Market Data (SMD) for the period covering the 6 months between August 2016 and January 2017 of this year’s sugarbeet harvest cycle imply a final crop year recovery projection from slicing at 13.9 percent, much less than the 14.7 percent underlying previous projections based on historical averages. Projected imports of sugar from Mexico for 2016/17 are increased by 189,780 STRV to 1.162 million, and projected tariff -rate quota imports (TRQ) are increased by 44,093 STRV to 1.576 million based on USDA’s increase of the specialty sugar TRQ, announced on February 24. Deliveries for human consum ption for 2016/17 are increased by 100,000 STRV to 12.100 million based on strong deliveries in the first 4 months of the fiscal year and a continuation of that growth, but at a reduced rate for the remainder of the year. Ending stocks for 2016/17 are projected residually at 1.677 million STRV, implying a stocks -to-use ratio of 13.6 percent. Included in ending stocks are 12,476 STRV of sugar recorded by the U.S. Census Bureau as imported from Mexico in 2016/17 but which entered under a 2015/16 Mexico export license. For Mexico, exports to the United States for 2016/17 are projected at 994,502 metric tons (MT), based on changes made in the March 2017 WASDE for the United States as per the Countervailing Duty (CVD) Suspension Agreement of December 19, 2014 (“Target Quantity of U.S. Sugar Needs”). The ending stock total for 2016/17 is forecast at 1.278 million MT, an amount projected to meet sugar supply requirements of domestic consumption and exports to the U.S. market for the first three months of the following marketing year. Exports for 2016/17 to non -U.S. destinations are projected residually at 426,354 MT. Total exports are 1.421 million MT, the sum of projected exports to the United States and to other countries. LIVESTOCK, POULTRY, AND DAIRY: Total U.S. meat production for 2017 is increased from the previous month as higher forecast beef production more than offsets lower forecast pork and turkey production. The broiler production forecast is unchanged from the previous month. First quarter beef prod uction is raised on current slaughter data, and third-quarter production is raised as higher expected first quarter placements are marketed in the second half of the year. However, carcass weights for the year are forecast lower as feedlot operators are expected to remain current in their marketings. The pork production forecast is slightly lower as a result of lighter carcass weights in the first half of the year. USDA will release the Quarterly Hogs and Pigs report March 30 th, WASDE-563-4 providing an indication of producer intentions for farrowings in the next 2 quarters. Small changes are made to 2016 poultry production estimates, reflecting recent data revisions. For 2017, the turkey production forecast is decreased on slower expected second -half production growth. Egg production estimates for 2015 and 2016 reflect recent NASS revisions. Forecast egg production is increased. The forecast for 2017 beef imports is unchanged, but the export forecast is raised on stronger -than-expected export shipments thus far in the quarter. Pork imports are lowered for 2017, reflecting larger domestic supplies and limited demand for foreign product. Forecast pork exports are raised on robust international demand and large domestic supplies of pork. No change is made to broiler and turkey trade forecasts. The egg export forecast is reduced as South Kor ea’s ban on imports of U.S. poultry and products, due to the recent Highly Pathogenic Avian Influenza outbreak in the United States, limits expected export growth. Cattle, hog, and broiler price forecasts for 2017 are raised from last month on continued demand strength. The 2017 turkey price forecast is lowered as the first -quarter price forecast is reduced. Egg price forecasts are lowered from last month on current price movements. The 2017 milk production forecast is raised as milk cow numbers are expected to increase more rapidly. However, growth in milk per cow is reduced on January data. Dairy exports on a fat basis for 2017 are unchanged, while skim -solids basis exports are lowered on expected strong competition in international skim milk powder markets. Both fat basis and skim -solids basis imports forecasts are unchanged. Skim -solids basis ending stocks are forecast higher for 2017 on higher production of dairy products and weaker exports. Fat -basis ending stocks are unchanged. Historical milk production and stock estimates reflect recently released revisions. The cheese price forecast for 2017 is reduced as stocks of cheese are high and are expected to pressure prices. The butter price forecast is raised on continued demand strength. The nonfat dry milk price is forecast lower on expectations of slower export growth due to increased competition from global competitors. The whey price forecast is raised reflecting recent market strength. The Class III price is raised as the higher whey price more than outweighs the reduced cheese price. The Class IV price forecast is lowered, reflecting a weaker nonfat dry milk price which more than offsets a higher forecast butter price. The all milk price for 2017 is forecast at $17.80 to $18.40 per cwt. COTTON: This month’s 2016/17 U.S. cotton forecasts show higher production and exports relative to last month. Production is raised 271,000 bales to 17.2 million based on the March 9 Cotton Ginnings report. The final estimates for this season’s U.S. area, yield, and production will be published in the May 2017 Crop Production report. Domestic mill use is unchanged from last month, but exports are raised 0.5 million bales to 13.2 million based on recent very strong sales and shipments. U.S. exports are projected to capture nearly 37 percent of world trade, a 7 -year high. Ending stocks are lowered 300,000 bales to 4.5 million. The projected range for the marketing year average price received by producers of 67.0 to 70.0 cents per pound is reduced 1 cent on WASDE-563-5 the upper end, as the reported average price for January fell below previous expectations. The forecast 2016/17 global production is raised slightly this month due to the revision in the United States, while world consumption is virtually unchanged. Consumption is raised for Indonesia and Vietnam and reduced for Turkey and other countries. World beginning stocks are raised marginally due to higher estimated 2015/16 production in Australia. Forecast world trade is raised slightly, with imports and exports revised for several countries based on activity to date. World ending stocks are now projected at 90.5 million bales, nearly 600,000 bales above last month. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Seth D. Meyer, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: MICHAEL YOUNG SECRETARY OF AGRICULTURE DESIGNATE WASDE-563-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers, ICEC Chair, WAOB, E-mail : [email protected] Jennifer Bond, ERS; Andrew Sowell, FAS; Pete Riley, FSA. Rice: William Chambers, ICEC Chair, WAOB, E-mail : [email protected] Nathan Childs, ERS; Rachel Trego, FAS; Pete Riley, FSA. Feed Grains: Michael Jewison, ICEC Chair, WAOB, E-mail : [email protected] Tom Capehart, ERS; Yoonhee Macke, FAS; Susan Proper, FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail : [email protected] Mark Ash, ERS; Bill George, FAS; Susan Proper, FSA. Cotton: Stephen MacDonald, ICEC Chair, WAOB, E-mail : [email protected] Leslie Meyer, ERS; James Johnson, FAS; Sherrie Grimm, FSA. Sugar: Stephen Haley, ICEC Chair, WAOB, E-mail : [email protected] Michael McConnell, ERS; Ron Lord, FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Lindsay Kuberka, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Larry Haller, AMS; Sean Ramos, ERS; Tyler Cozzens, FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Milton Madison, FSA. In 2017, the WASDE report will be released on Apr. 11, May 10, Jun. 9, Jul. 12, Aug. 10, Sep. 12, Oct. 12, Nov. 9, Dec. 12 WASDE-563-7 T A B L E OF C O N T E N T S Page Highlights............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Us e for Grains .................................................................. 8 World & U.S. Supply & Us e for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Us e ............................................................... 12 U.S. Sorghum, Barley & Oa ts Supply & Us e ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use.................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supp ly & Use .................................................................... 29 World Soybean Oil Supp ly & Use ....................................................................... 30 U.S. Quarterly Animal Pr oduct Production .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 March 2017 WASDE - 563 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total SupplyTrade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2014/15 2514.44 3034.26 394.13 2455.08 579.18 2015/16 (Est.) 2456.79 3035.97 377.33 2433.49 602.48 filler filler filler filler filler 2016/17 (Proj.) Feb 2557.40 3160.65 406.13 2543.41 617.24 2016/17 (Proj.) Mar 2573.12 3175.60 412.78 2553.00 622.61 filler filler filler filler filler Wheat 2014/15 728.28 923.20 164.42 705.69 217.52 2015/16 (Est.) 735.25 952.77 172.79 712.48 240.29 filler filler filler filler filler 2016/17 (Proj.) Feb 748.24 989.00 178.99 740.40 248.61 2016/17 (Proj.) Mar 751.07 991.36 181.02 741.42 249.94 filler filler filler filler filler Coarse Grains 5/ 2014/15 1307.60 1518.64 186.13 1271.88 246.75 2015/16 (Est.) 1249.37 1496.13 164.15 1250.07 246.05 filler filler filler filler filler 2016/17 (Proj.) Feb 1329.03 1575.06 185.78 1324.39 250.67 2016/17 (Proj.) Mar 1341.70 1587.75 190.53 1332.74 255.01 filler filler filler filler filler Rice, milled 2014/15 478.55 592.42 43.58 477.51 114.91 2015/16 (Est.) 472.16 587.08 40.39 470.93 116.15 filler filler filler filler filler 2016/17 (Proj.) Feb 480.13 596.59 41.36 478.63 117.96 2016/17 (Proj.) Mar 480.35 596.49 41.23 478.84 117.65 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2014/15 439.49 499.23 83.28 346.98 68.98 2015/16 (Est.) 429.26 506.00 81.59 348.28 76.14 filler filler filler filler filler 2016/17 (Proj.) Feb 472.57 556.50 93.79 367.21 95.51 2016/17 (Proj.) Mar 472.57 556.21 93.78 367.21 95.22 filler filler filler filler filler Wheat 2014/15 55.15 75.33 23.52 31.33 20.48 2015/16 (Est.) 56.12 79.67 21.09 32.02 26.55 filler filler filler filler filler 2016/17 (Proj.) Feb 62.86 92.81 27.90 33.91 31.01 2016/17 (Proj.) Mar 62.86 92.54 27.90 33.91 30.73 filler filler filler filler filler Coarse Grains 5/ 2014/15 377.23 414.99 56.70 311.34 46.95 2015/16 (Est.) 367.01 417.89 57.07 312.70 48.11 filler filler filler filler filler 2016/17 (Proj.) Feb 402.60 454.35 62.40 329.10 62.85 2016/17 (Proj.) Mar 402.60 454.33 62.39 329.10 62.83 filler filler filler filler filler Rice, milled 2014/15 7.11 8.91 3.06 4.30 1.55 2015/16 (Est.) 6.13 8.45 3.42 3.55 1.48 filler filler filler filler filler 2016/17 (Proj.) Feb 7.12 9.34 3.49 4.19 1.66 2016/17 (Proj.) Mar 7.12 9.34 3.49 4.19 1.66 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is eq ual to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, mi llet, and mixed grains (for U.S. excludes millet and mixed grains). March 2017 WASDE - 563 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2014/15 2,074.95 2,535.03 310.85 2,108.11 510.20 2015/16 (Est.) 2,027.53 2,529.97 295.74 2,085.21 526.34 filler filler filler filler filler 2016/17 (Proj.) Feb 2,084.82 2,604.15 312.35 2,176.21 521.73 2016/17 (Proj.) Mar 2,100.55 2,619.40 319.00 2,185.79 527.39 filler filler filler filler filler Wheat 2014/15 673.13 847.87 140.90 674.35 197.04 2015/16 (Est.) 679.14 873.10 151.69 680.46 213.74 filler filler filler filler filler 2016/17 (Proj.) Feb 685.38 896.19 151.10 706.48 217.60 2016/17 (Proj.) Mar 688.22 898.82 153.12 707.51 219.21 filler filler filler filler filler Coarse Grains 5/ 2014/15 930.37 1,103.65 129.43 960.54 199.81 2015/16 (Est.) 882.37 1,078.24 107.08 937.37 197.94 filler filler filler filler filler 2016/17 (Proj.) Feb 926.43 1,120.71 123.39 995.28 187.83 2016/17 (Proj.) Mar 939.10 1,133.42 128.14 1,003.64 192.18 filler filler filler filler filler Rice, milled 2014/15 471.45 583.51 40.52 473.21 113.36 2015/16 (Est.) 466.03 578.62 36.97 467.37 114.67 filler filler filler filler filler 2016/17 (Proj.) Feb 473.02 587.25 37.87 474.44 116.30 2016/17 (Proj.) Mar 473.23 587.15 37.74 474.65 116.00 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2014/15 119.19 222.50 35.32 111.41 111.73 2015/16 (Est.) 96.72 208.45 35.29 111.23 97.09 filler filler filler filler filler 2016/17 (Proj.) Feb 105.42 202.25 35.74 112.52 89.90 2016/17 (Proj.) Mar 105.72 202.81 35.95 112.43 90.48 filler filler filler filler filler United States 2014/15 16.32 18.68 11.25 3.58 3.65 2015/16 (Est.) 12.89 16.57 9.15 3.45 3.80 filler filler filler filler filler 2016/17 (Proj.) Feb 16.96 20.77 12.70 3.30 4.80 2016/17 (Proj.) Mar 17.23 21.04 13.20 3.30 4.50 filler filler filler filler filler Foreign 4/ 2014/15 102.87 203.82 24.07 107.84 108.08 2015/16 (Est.) 83.84 191.88 26.14 107.78 93.29 filler filler filler filler filler 2016/17 (Proj.) Feb 88.46 181.48 23.04 109.22 85.10 2016/17 (Proj.) Mar 88.49 181.77 22.75 109.13 85.98 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. March 2017 WASDE - 563 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2014/15 536.65 614.18 147.13 440.14 92.52 2015/16 (Est.) 520.99 613.52 153.44 447.26 88.92 filler filler filler filler filler 2016/17 (Proj.) Feb 554.19 643.71 160.98 468.52 91.67 2016/17 (Proj.) Mar 558.03 646.94 162.36 468.50 94.26 filler filler filler filler filler Oilmeals 2014/15 300.41 314.17 86.14 294.19 16.13 2015/16 (Est.) 306.82 322.96 86.91 304.83 14.68 filler filler filler filler filler 2016/17 (Proj.) Feb 320.54 335.14 91.63 316.73 13.74 2016/17 (Proj.) Mar 320.92 335.60 91.57 316.58 14.09 filler filler filler filler filler Vegetable Oils 2014/15 177.12 200.79 76.50 171.62 23.73 2015/16 (Est.) 177.15 200.88 73.65 178.26 19.93 filler filler filler filler filler 2016/17 (Proj.) Feb 187.35 207.36 78.58 184.92 18.51 2016/17 (Proj.) Mar 186.78 206.71 78.18 184.17 18.39 filler filler filler filler filler United States Output Total Supply Trade Total Use 2/ Ending Stoc ks Oilseeds 2014/15 116.03 121.83 51.12 55.11 6.76 2015/16 (Est.) 115.88 123.76 53.79 55.05 6.87 filler filler filler filler filler 2016/17 (Proj.) Feb 127.31 135.79 56.88 57.05 12.95 2016/17 (Proj.) Mar 127.31 135.79 56.17 57.39 13.32 filler filler filler filler filler Oilmeals 2014/15 43.28 47.44 12.15 35.01 0.29 2015/16 (Est.) 42.87 47.23 11.21 35.74 0.28 filler filler filler filler filler 2016/17 (Proj.) Feb 43.87 48.36 10.88 37.15 0.34 2016/17 (Proj.) Mar 44.07 48.33 10.90 37.10 0.33 filler filler filler filler filler Vegetable Oils 2014/15 10.94 16.14 1.17 13.68 1.29 2015/16 (Est.) 11.20 17.03 1.25 14.54 1.24 filler filler filler filler filler 2016/17 (Proj.) Feb 11.61 17.61 1.24 15.12 1.25 2016/17 (Proj.) Mar 11.71 17.69 1.34 15.10 1.26 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stoc ks Oilseeds 2014/15 420.62 492.35 96.02 385.03 85.77 2015/16 (Est.) 405.11 489.76 99.65 392.20 82.05 filler filler filler filler filler 2016/17 (Proj.) Feb 426.88 507.91 104.10 411.46 78.72 2016/17 (Proj.) Mar 430.72 511.15 106.19 411.10 80.94 filler filler filler filler filler Oilmeals 2014/15 257.13 266.73 73.99 259.19 15.84 2015/16 (Est.) 263.96 275.73 75.70 269.09 14.40 filler filler filler filler filler 2016/17 (Proj.) Feb 276.67 286.78 80.75 279.58 13.40 2016/17 (Proj.) Mar 276.85 287.27 80.66 279.48 13.76 filler filler filler filler filler Vegetable Oils 2014/15 166.18 184.65 75.32 157.94 22.44 2015/16 (Est.) 165.95 183.85 72.40 163.72 18.69 filler filler filler filler filler 2016/17 (Proj.) Feb 175.74 189.75 77.34 169.80 17.26 2016/17 (Proj.) Mar 175.07 189.02 76.84 169.07 17.14 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. March 2017 WASDE - 563 - 11 U.S. Wheat Supply and Use 1/ 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Feb Mar Million Acres Area Planted 56.8 55.0 50.2 50.2 Area Harvested 46.4 47.3 43.9 43.9 Bushels Yield per Harvested Acre 43.7 43.6 52.6 52.6 Million Bushels Beginning Stocks 590 752 976 976 Production 2,026 2,062 2,310 2,310 Imports 151 113 125 115 Supply, Total 2,768 2,927 3,410 3,400 Food 958 957 960 960 Seed 79 67 61 61 Feed and Residual 114 152 225 225 Domestic, Total 1,151 1,177 1,246 1,246 Exports 864 775 1,025 1,025 Use, Total 2,015 1,952 2,271 2,271 Ending Stocks 752 976 1,139 1,129 Avg. Farm Price ($/bu) 2/ 5.99 4.89 3.80 - 3.90 3.80 - 3.90 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2015/16 (Est.) Beginning Stocks 294 212 154 67 26 752 Production 830 568 359 221 84 2,062 Supply, Total 3/ 1,130 828 531 294 143 2,927 Domestic Use 458 304 255 73 86 1,177 Exports 226 252 120 147 29 775 Use, Total 685 556 375 220 116 1,952 Ending Stocks, Total 446 272 157 74 28 976 2016/17 (Proj.) Beginning Stocks 446 272 157 74 28 976 Production 1,082 493 345 286 104 2,310 Supply, Total 3/ 1,532 800 542 366 160 3,400 Domestic Use 541 291 231 95 88 1,246 Exports 425 320 90 170 20 1,025 Use, Total 966 611 321 265 108 2,271 Ending Stocks, Total Mar 566 189 221 101 52 1,129 Ending Stocks, Total Feb 567 197 226 97 52 1,139 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing-year weighted average price received by farmers. 3/ Includes imports. March 2017 WASDE - 563 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Feb Mar Million Acres Area Planted 103.5 103.2 106.6 106.6 Area Harvested 93.1 93.0 96.5 96.5 Metric Tons Yield per Harvested Acre 4.05 3.94 4.17 4.17 Million Metric Tons Beginning Stocks 34.3 46.9 48.1 48.1 Production 377.1 366.7 402.3 402.3 Imports 3.2 3.7 3.4 3.4 Supply, Total 414.6 417.4 453.8 453.7 Feed and Residual 138.5 135.4 148.3 147.3 Food, Seed & Industrial 172.5 176.7 180.2 181.3 Domestic, Total 310.9 312.2 328.6 328.6 Exports 56.7 57.1 62.4 62.4 Use, Total 367.6 369.3 390.9 390.9 Ending Stocks 46.9 48.1 62.8 62.8 CORN 2014/15 2015/16 E st. 2016/17 Proj. 2016/17 Proj. February March Million Acres Area Planted 90.6 88.0 94.0 94.0 Area Harvested 83.1 80.8 86.7 86.7 Bushels Yield per Harvested Acre 171.0 168.4 174.6 174.6 Million Bushels Beginning Stocks 1,232 1,731 1,737 1,737 Production 14,216 13,602 15,148 15,148 Imports 32 67 55 55 Supply, Total 15,479 15,401 16,940 16,940 Feed and Residual 5,280 5,120 5,600 5,550 Food, Seed & Industrial 2/ 6,601 6,646 6,795 6,845 Ethanol & by-products 3/ 5,200 5,224 5,350 5,400 Domestic, Total 11,881 11,766 12,395 12,395 Exports 1,867 1,898 2,225 2,225 Use, Total 13,748 13,664 14,620 14,620 Ending Stocks 1,731 1,737 2,320 2,320 Avg. Farm Price ($/bu) 4/ 3.70 3.61 3.20 - 3.60 3.20 - 3.60 Note: Totals may not add due to rounding. 1/ Marketing ye ar beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Databa se at www.ers.usda.gov/data-products/feed-grains- database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by -products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. March 2017 WASDE - 563 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Feb Mar Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 7.1 8.5 6.7 6.7 Area Harvested (mil. acres) 6.4 7.9 6.2 6.2 Yield (bushels/acre) 67.6 76.0 77.9 77.9 Beginning Stocks 34 18 37 37 Production 433 597 480 480 Imports 0 5 1 1 Supply, Total 467 620 518 518 Feed and Residual 82 108 130 140 Food, Seed & Industrial 15 137 125 115 Total Domestic 97 245 255 255 Exports 352 339 225 225 Use, Total 449 583 480 480 Ending Stocks 18 37 38 38 Avg. Farm Price ($/bu) 2/ 4.03 3.31 2.50 - 2.90 2.50 - 2.90 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2014/15 2015/16 E st. 2016/17 Proj. 2016/17 Proj. February March Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.0 3.6 3.1 3.1 Area Harvested (mil. acres) 2.5 3.2 2.6 2.6 Yield (bushels/acre) 72.7 69.1 77.9 77.9 Beginning Stocks 82 79 102 102 Production 182 218 199 199 Imports 24 19 16 15 Supply, Total 287 315 317 316 Feed and Residual 43 50 55 55 Food, Seed & Industrial 151 153 153 153 Total Domestic 194 202 208 208 Exports 14 11 6 5 Use, Total 209 213 214 213 Ending Stocks 79 102 103 103 Avg. Farm Price ($/bu) 2/ 5.30 5.52 4.70 - 5.20 4.70 - 5.20 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2014/15 2015/16 E st. 2016/17 Proj. 2016/17 Proj. February March Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.8 3.1 2.8 2.8 Area Harvested (mil. acres) 1.0 1.3 1.0 1.0 Yield (bushels/acre) 67.9 70.2 66.0 66.0 Beginning Stocks 25 54 57 57 Production 70 90 65 65 Imports 109 86 95 95 Supply, Total 204 229 217 217 Feed and Residual 71 93 90 90 Food, Seed & Industrial 77 77 78 78 Total Domestic 148 170 168 168 Exports 2 2 2 3 Use, Total 150 172 170 171 Ending Stocks 54 57 47 46 Avg. Farm Price ($/bu) 2/ 3.21 2.12 1.95 - 2.15 1.95 - 2.15 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. March 2017 WASDE - 563 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Feb Mar Million Acres Area Planted 2.95 2.63 3.15 3.15 Area Harvested 2.93 2.59 3.10 3.10 Fil ler Pounds Yield per Harvested Acre 7,576 7,472 7,237 7,237 Million Hundredweight Beginning Stocks 2/ 31.8 48.5 46.5 46.5 Production 222.2 193.1 224.1 224.1 Imports 24.6 24.1 23.5 23.5 Supply, Total 278.7 265.8 294.1 294.1 Domestic & Residual 3/ 134.4 111.6 132.0 132.0 Exports, Total 4/ 95.7 107.7 110.0 110.0 Rough 31.8 38.2 43.0 43.0 Milled (rough equiv.) 63.9 69.6 67.0 67.0 Use, Total 230.2 219.3 242.0 242.0 Ending Stocks 48.5 46.5 52.1 52.1 Avg. Milling Yield (%) 5/ 70.50 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 13.40 12.20 10.10 - 10.90 10.10 - 10.90 Total LONG -GRAIN RICE 2014/15 2015/16 E st. 2016/17 Proj. 2016/17 Proj. February March Harvested Acres (mil.) 2.20 1.85 2.40 2.40 Yield (pounds/acre) 7,407 7,219 6,927 6,927 Beginning Stocks 16.2 26.5 22.7 22.7 Production 162.7 133.4 166.5 166.5 Supply, Total 7/ 200.6 180.7 209.7 209.7 Domestic & Residual 3/ 106.2 81.5 102.0 102.0 Exports 8/ 68.0 76.5 76.0 76.0 Use, Total 174.2 158.0 178.0 178.0 Ending Stocks 26.5 22.7 31.7 31.7 Avg. Farm Price ($/cwt) 6/ 11.90 11.20 9.50 - 10.10 9.50 - 10.10 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2014/15 2015/16 E st. 2016/17 Proj. 2016/17 Proj. February March Harvested Acres (mil.) 0.74 0.74 0.69 0.69 Yield (pounds/acre) 8,080 8,107 8,311 8,311 Beginning Stocks 13.3 20.2 20.9 20.9 Production 59.6 59.7 57.7 57.7 Supply, Total 7/ 76.1 82.2 81.6 81.6 Domestic & Residual 3/ 28.3 30.1 30.0 30.0 Exports 8/ 27.7 31.2 34.0 34.0 Use, Total 56.0 61.3 64.0 64.0 Ending Stocks 20.2 20.9 17.6 17.6 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 18.30 15.30 12.00 - 12.80 12.10 - 12.90 California 10/ 21.60 18.10 13.00 - 14.00 13.10 - 14.10 Other States 1/ 14.40 11.20 9.60 - 10.20 9.70 - 10.30 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2014/15 -1.9; 2015/16-2.9; 2016/17- 2.9. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and endin g stocks. 4/ Includes rough rice and milled rice exports. Mi lled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole ke rnel and broken rice produced divided by the quantity of rough rice milled. The 2014/15 and 2015/16 milling yield is based on the Farm Service Agenc y (FSA) warehouse stored loan data for long, medium, and short grain rice. The 2016/17 milling yield is calculated using the previous five -year Olympic average-- 2011/12-2015/16. 6/ Marketing- year weighted average price received by farmers . 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short-grain seasonaverage- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the ri ce in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the averag e difference between the August WASDE SAFP forecast and the final price has averaged $1.65 per cwt from 2008/09- 2013/14, with a high of $3.50 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. March 2017 WASDE - 563 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Feb Mar Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 83.3 82.7 83.4 83.4 Area Harvested 82.6 81.7 82.7 82.7 Fil ler Bushels Yield per Harvested Acre 47.5 48.0 52.1 52.1 Million Bushels Beginning Stocks 92 191 197 197 Production 3,927 3,926 4,307 4,307 Imports 33 24 25 25 Supply, Total 4,052 4,140 4,528 4,528 Crushings 1,873 1,886 1,930 1,940 Exports 1,842 1,936 2,050 2,025 Seed 96 97 95 95 Residual 50 25 33 33 Use, Total 3,862 3,944 4,108 4,093 Ending Stocks 191 197 420 435 Avg. Farm Price ($/bu) 2/ 10.10 8.95 9.10 - 9.90 9.30 - 9.90 Total SOYBEAN OIL 2014/15 2015/16 E st. 2016/17 Proj. 2016/17 Proj. February March Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,165 1,855 1,687 1,687 Production 4/ 21,399 21,950 22,390 22,560 Imports 264 288 300 325 Supply, Total 22,828 24,093 24,377 24,572 Domestic Disappearance 18,959 20,166 20,550 20,550 Biodiesel 3/ 5,039 5,670 6,200 6,200 Food, Feed & other Industrial 13,920 14,496 14,350 14,350 Exports 2,014 2,240 2,150 2,250 Use, Total 20,973 22,406 22,700 22,800 Ending stocks 1,855 1,687 1,677 1,772 Avg. Price (c/lb) 2/ 31.60 29.86 34.00 - 37.00 32.00 - 35.00 Total SOYBEAN MEAL 2014/15 2015/16 E st. 2016/17 Proj. 2016/17 Proj. February March Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 250 260 264 264 Production 4/ 45,062 44,672 45,411 45,611 Imports 333 403 325 325 Supply, Total 45,645 45,335 46,000 46,200 Domestic Disappearance 32,277 33,108 34,100 34,300 Exports 13,108 11,963 11,600 11,600 Use, Total 45,384 45,071 45,700 45,900 Ending Stocks 260 264 300 300 Avg. Price ($/s.t.) 2/ 368.49 324.56 310.00 - 340.00 310.00 - 340.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by f armers; oil, simple average of crude soybean oil, Decatur; meal, simple av erage of 48 percent protein, Decatur. 3/ Reflects only biodi esel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 1,890 millio n bushels for 2015/16 and 1,940 million bushels for 2016/17. March 2017 WASDE - 563 - 16 U.S. Sugar Supply and Use 1/ 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Feb Mar Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,810 1,815 2,054 2,054 Production 2/ 8,656 8,989 9,240 8,975 Beet Sugar 4,893 5,119 5,371 5,106 Cane Sugar 3,763 3,870 3,869 3,869 Florida 1,981 2,173 2,072 2,072 Hawaii 146 152 43 43 Louisiana 1,513 1,428 1,612 1,612 Texas 123 116 142 142 Imports 3,553 3,341 2,744 2,978 TRQ 3/ 1,536 1,620 1,532 1,576 Other Program 4/ 471 396 225 225 Other 5/ 1,546 1,325 987 1,177 Mexico 1,532 1,309 972 1,162 Total Supply 14,019 14,145 14,038 14,007 Exports 185 74 75 75 Deliveries 12,019 12,051 12,155 12,255 Food 6/ 11,888 11,881 12,000 12,100 Other 7/ 131 170 155 155 Miscellaneous 0 -33 0 0 Total Use 12,204 12,091 12,230 12,330 Ending Stocks 1,815 2,054 1,808 1,677 Stocks to Use Ratio 14.9 17.0 14.8 13.6 Total 1/ Fiscal years beginning Oct 1. Historical data are from FS A "Sweetener Market Data" (SMD). 2/ Production projections for 2015/16 and 2016/17 are based on Crop Production and proce ssor projections where appropriate. 3/ For 2016/17, WTO raw sugar TRQ sh ortfall (99). For 2015/16, WTO raw sugar TRQ shortfall (125) 4/ Includes sugar under the re- export and polyhydric alcohol programs. 5/ For 2014/15, other high -tier (15) and other (0). For 2015/16, other high- tier (16) and other (0). For 2016/17, other hi gh-tier (15) and other (0). 6/For 2014/15, combines SMD deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar -containing products for reexport, an d for nonedible alcohol, feed, and ethanol. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2015/16 Est. Feb 811 6,117 83 4,767 1,207 1,037 2015/16 Est. Mar 811 6,117 83 4,767 1,207 1,037 2016/17 Proj. Feb 1,037 6,371 60 4,769 1,470 1,229 2016/17 Proj. Mar 1,037 6,371 60 4,769 1,421 1,278 1/ HFCS consumption by Mexico (1,000 metric tons, dry basi s): Oct-Sep 2015/16 = 1,482, projected Oct-Sep 2016/17 = 1,459; Oct - Jan 2015/16 = 454, Oct - Dec 2016/17 = 482. Footnote source: Comite Nacional para el Desarollo Sustentable de la Cana de Azuca r. 2/Includes deliveries for consumption, Mex ico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2 015/16 (330 est), 2016/17 (330 proj). Other Deliveries/Ending Year Statistical Adjustments: 2015/16 (50), 2016/17 (50). March 2017 WASDE - 563 - 17 U.S. Cotton Supply and Use 1/ 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Feb Mar Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 11.04 8.58 10.07 10.07 Harvested 9.35 8.07 9.52 9.52 Fil ler Pounds Yield per Harvested Acre 838 766 855 869 Million 480 Pound Bales Beginning Stocks 2.35 3.65 3.80 3.80 Production 16.32 12.89 16.96 17.23 Imports 0.01 0.03 0.01 0.01 Supply, Total 18.68 16.57 20.77 21.04 Domestic Use 3.58 3.45 3.30 3.30 Exports, Total 11.25 9.15 12.70 13.20 Use, Total 14.82 12.60 16.00 16.50 Unaccounted 2/ 0.21 0.17 -0.03 0.04 Ending Stocks 3.65 3.80 4.80 4.50 Avg. Farm Price 3/ 61.3 61.2 67.00 - 71.00 67.00 - 70.00 Total Note: Reliability calculations at end of report. 1/ Upland and extra-long staple; marketin g year beginning August 1. Totals may not add due to rounding. 2/ Reflects th e difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. March 2017 WASDE - 563 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 194.92 728.28 159.08 131.75 705.69 164.42 217.52 United States 16.07 55.15 4.12 3.09 31.33 23.52 20.48 Total Foreign 178.86 673.13 154.97 128.66 674.35 140.90 197.04 Major Exporters 4/ 27.38 224.01 6.66 62.82 147.28 81.47 29.29 Argentina 2.49 13.93 0.04 0.30 6.35 5.30 4.80 Australia 4.56 23.74 0.16 3.80 7.20 16.59 4.67 Canada 10.40 29.42 0.49 3.72 9.05 24.16 7.09 European Union 5/ 9.94 156.91 5.98 55.00 124.68 35.42 12.73 Major Importers 6/ 100.70 197.40 84.96 29.88 262.36 7.59 113.11 Brazil 1.89 6.00 5.37 0.30 10.70 1.69 0.87 China 65.27 126.21 1.93 16.00 116.50 0.80 76.11 Sel. Mideast 7/ 12.37 17.66 21.27 4.45 36.14 1.52 13.64 N. Africa 8/ 14.05 17.01 25.43 2.48 42.73 0.56 13.20 Pakistan 2.19 25.98 0.75 1.00 24.50 0.70 3.72 Southeast Asia 9/ 3.46 0.00 19.86 4.76 18.55 0.95 3.82 Selected Other India 17.83 95.85 0.05 4.50 93.10 3.41 17.22 FSU-12 15.85 112.74 7.68 24.65 75.34 40.24 20.68 Russia 5.18 59.08 0.33 13.00 35.50 22.80 6.29 Kazakhstan 1.99 13.00 0.60 2.00 6.80 5.54 3.25 Ukraine 3.67 24.75 0.03 4.00 11.50 11.27 5.68 2015/16 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 217.52 735.25 169.89 138.52 712.48 172.79 240.29 United States 20.48 56.12 3.07 4.14 32.02 21.09 26.55 Total Foreign 197.04 679.14 166.81 134.38 680.46 151.69 213.74 Major Exporters 4/ 29.29 223.06 7.57 67.67 151.98 82.54 25.41 Argentina 4.80 11.30 0.01 0.20 5.90 9.60 0.62 Australia 4.67 24.17 0.15 3.80 7.23 16.12 5.64 Canada 7.09 27.59 0.49 2.67 7.87 22.13 5.17 European Union 5/ 12.73 160.00 6.92 61.00 130.98 34.68 13.99 Major Importers 6/ 113.11 204.29 92.27 27.61 263.61 6.44 139.62 Brazil 0.87 5.54 6.75 0.50 10.50 1.06 1.60 China 76.11 130.19 3.48 10.50 112.00 0.73 97.04 Sel. Mideast 7/ 13.64 18.80 19.14 4.60 37.30 0.54 13.72 N. Africa 8/ 13.20 19.91 27.78 2.28 43.65 0.71 16.54 Pakistan 3.72 25.10 0.01 0.80 24.40 0.60 3.83 Southeast Asia 9/ 3.82 0.00 24.61 8.04 22.37 0.97 5.09 Selected Other India 17.22 86.53 0.47 4.20 88.55 1.13 14.54 FSU-12 20.68 118.24 7.39 26.89 78.16 51.48 16.67 Russia 6.29 61.04 0.82 14.00 37.00 25.54 5.60 Kazakhstan 3.25 13.75 0.07 2.10 6.90 7.60 2.56 Ukraine 5.68 27.27 0.03 5.20 12.30 17.43 3.25 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World im ports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico , N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2017 WASDE - 563 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Feb 240.77 748.24 174.51 148.98 740.40 178.99 248.61 Mar 240.29 751.07 176.63 148.32 741.42 181.02 249.94 United States Feb 26.55 62.86 3.40 6.12 33.91 27.90 31.01 Mar 26.55 62.86 3.13 6.12 33.91 27.90 30.73 Total Foreign Feb 214.21 685.38 171.11 142.86 706.48 151.10 217.60 Mar 213.74 688.22 173.50 142.20 707.51 153.12 219.21 Major Exporters 4/ Feb 25.74 224.56 6.64 68.10 153.66 79.90 23.39 Mar 25.41 227.36 6.14 67.60 153.06 81.60 24.25 Argentina Feb 0.62 15.00 0.01 0.10 6.30 8.90 0.42 Mar 0.62 16.00 0.01 0.10 6.20 10.10 0.32 Australia Feb 5.97 33.00 0.15 4.50 7.96 24.50 6.66 Mar 5.64 35.00 0.15 4.50 7.96 25.50 7.33 Canada Feb 5.17 31.70 0.49 5.00 10.20 21.00 6.16 Mar 5.17 31.70 0.49 5.00 10.20 20.50 6.66 European Union 5/ Feb 13.99 144.86 6.00 58.50 129.20 25.50 10.15 Mar 13.99 144.66 5.50 58.00 128.70 25.50 9.94 Major Importers 6/ Feb 139.62 199.01 91.66 34.12 274.67 7.32 148.31 Mar 139.62 199.04 92.76 34.17 275.27 7.29 148.86 Brazil Feb 1.60 6.70 6.70 0.70 11.50 1.60 1.90 Mar 1.60 6.73 6.70 0.70 11.50 1.60 1.93 China Feb 97.04 128.85 4.00 16.00 118.00 0.80 111.09 Mar 97.04 128.85 4.00 16.00 118.00 0.80 111.09 Sel. Mideast 7/ Feb 13.72 19.41 17.43 4.61 38.47 0.55 11.55 Mar 13.72 19.41 17.73 4.61 38.69 0.55 11.63 N. Africa 8/ Feb 16.54 14.13 28.60 2.28 44.68 0.68 13.91 Mar 16.54 14.13 28.60 2.28 44.68 0.66 13.94 Pakistan Feb 3.83 25.30 0.03 0.80 24.50 0.90 3.75 Mar 3.83 25.30 0.03 0.80 24.50 0.90 3.75 Southeast Asia 9/ Feb 5.09 0.00 24.50 8.74 23.96 1.02 4.62 Mar 5.09 0.00 25.00 8.79 24.21 1.02 4.87 Selected Other India Feb 14.54 87.00 3.70 4.50 96.84 0.40 8.00 Mar 14.54 87.00 5.50 4.50 98.14 0.40 8.50 FSU-12 Feb 16.62 130.22 7.52 27.90 79.29 53.37 21.70 Mar 16.67 130.22 7.52 27.89 79.26 53.52 21.63 Russia Feb 5.60 72.50 0.50 16.00 39.00 28.50 11.10 Mar 5.60 72.50 0.50 16.00 39.00 28.50 11.10 Kazakhstan Feb 2.56 14.99 0.06 2.10 6.90 7.50 3.20 Mar 2.56 14.99 0.06 2.10 6.90 7.50 3.20 Ukraine Feb 3.25 26.80 0.03 4.40 11.30 16.50 2.27 Mar 3.25 26.80 0.03 4.40 11.30 16.50 2.27 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World im ports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico , N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2017 WASDE - 563 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 211.03 1,307.60 170.13 751.68 1,271.88 186.13 246.75 United States 34.31 377.23 3.44 138.62 311.34 56.70 46.95 Total Foreign 176.72 930.37 166.69 613.06 960.54 129.43 199.80 Major Exporters 4/ 25.53 170.16 4.70 82.70 112.73 67.56 20.09 Argentina 3.17 36.78 0.00 9.07 14.23 21.45 4.27 Australia 1.04 12.61 0.00 3.26 4.94 7.17 1.53 Brazil 14.26 87.67 0.82 50.25 60.02 34.51 8.21 Canada 4.65 21.99 1.71 13.87 21.30 3.72 3.33 Major Importers 5/ 43.82 257.64 109.97 264.53 346.46 15.95 49.02 European Union 6/ 15.57 170.67 9.24 121.38 162.56 13.99 18.92 Japan 1.74 0.17 16.73 12.94 16.90 0.00 1.74 Mexico 3.49 32.69 11.62 24.50 42.18 0.79 4.83 N. Afr & Mideast 7/ 13.42 26.74 34.07 51.65 59.61 0.09 14.54 Saudi Arabia 3.72 0.29 11.26 11.43 11.91 0.00 3.36 Southeast Asia 8/ 3.62 26.77 12.87 30.69 38.70 1.07 3.50 South Korea 1.87 0.24 10.25 8.08 10.47 0.00 1.89 Selected Other China 82.66 222.75 25.70 158.80 229.06 0.02 102.03 FSU-12 7.02 91.60 0.82 42.06 58.15 33.86 7.43 Russia 1.77 40.39 0.09 20.88 31.14 8.67 2.43 Ukraine 3.64 39.39 0.03 11.82 15.43 24.33 3.29 2015/16 Est. Beginning Stoc ks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stoc ks World 3/ 246.75 1,249.37 181.58 763.81 1,250.07 164.15 246.05 United States 46.95 367.01 3.93 135.72 312.70 57.07 48.11 Total Foreign 199.81 882.37 177.65 628.09 937.37 107.08 197.94 Major Exporters 4/ 20.09 153.80 8.24 84.02 113.43 52.01 16.69 Argentina 4.27 37.94 0.01 9.31 14.27 25.33 2.62 Australia 1.53 12.44 0.00 4.19 5.87 7.04 1.06 Brazil 8.21 69.13 3.95 50.84 60.19 14.23 6.87 Canada 3.33 25.62 1.55 13.91 21.24 4.60 4.67 Major Importers 5/ 49.02 245.44 124.06 271.16 353.70 15.72 49.11 European Union 6/ 18.92 151.73 14.24 115.99 156.91 13.11 14.87 Japan 1.74 0.18 17.06 13.29 17.26 0.00 1.72 Mexico 4.83 32.40 14.95 26.72 44.72 1.56 5.91 N. Afr & Mideast 7/ 14.54 32.95 32.84 56.57 64.92 0.11 15.30 Saudi Arabia 3.36 0.36 14.79 13.60 14.11 0.00 4.41 Southeast Asia 8/ 3.50 27.56 15.20 32.96 40.97 0.93 4.37 South Korea 1.89 0.19 10.19 7.83 10.32 0.00 1.95 Selected Other China 102.03 231.82 17.50 166.95 239.17 0.03 112.16 FSU-12 7.43 82.12 0.53 39.54 54.62 31.25 4.21 Russia 2.43 37.43 0.11 20.25 29.64 9.00 1.33 Ukraine 3.29 33.39 0.05 10.34 13.87 21.19 1.67 1/ Aggregate of local marketing years. Coarse grains include co rn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some coun tries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2017 WASDE - 563 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Feb 246.03 1,329.03 173.07 793.15 1,324.39 185.78 250.67 Mar 246.05 1,341.70 174.30 796.54 1,332.74 190.53 255.01 United States Feb 48.11 402.60 3.64 148.62 329.10 62.40 62.85 Mar 48.11 402.60 3.62 147.60 329.10 62.39 62.83 Total Foreign Feb 197.92 926.43 169.43 644.54 995.28 123.39 187.83 Mar 197.94 939.10 170.69 648.94 1,003.64 128.14 192.18 Major Exporters 4/ Feb 16.41 186.53 2.88 86.28 117.13 69.49 19.20 Mar 16.69 196.62 2.23 87.88 119.10 74.59 21.85 Argentina Feb 2.62 43.88 0.01 9.97 15.53 27.71 3.27 Mar 2.62 45.18 0.01 10.22 15.79 28.21 3.80 Australia Feb 1.40 14.48 0.00 4.39 6.06 7.78 2.04 Mar 1.06 16.63 0.00 4.54 6.31 8.88 2.51 Brazil Feb 6.17 89.02 1.05 51.57 61.43 28.03 6.78 Mar 6.87 94.02 0.80 52.57 62.48 31.03 8.18 Canada Feb 4.67 25.63 1.09 14.64 22.10 4.45 4.84 Mar 4.67 25.63 1.09 14.64 22.10 4.45 4.84 Major Importers 5/ Feb 49.14 240.20 124.08 278.25 360.88 10.14 42.41 Mar 49.11 240.37 125.48 279.05 361.38 10.09 43.50 European Union 6/ Feb 14.90 152.00 13.66 119.16 159.88 8.23 12.44 Mar 14.87 152.17 13.66 119.16 159.58 8.23 12.88 Japan Feb 1.72 0.17 16.87 13.19 17.18 0.00 1.58 Mar 1.72 0.17 16.87 13.19 17.18 0.00 1.58 Mexico Feb 5.91 32.33 14.78 27.32 45.92 0.80 6.29 Mar 5.91 32.33 14.78 27.32 45.92 0.80 6.29 N. Afr & Mideast 7/ Feb 15.30 26.72 35.67 57.00 65.04 0.17 12.48 Mar 15.30 26.72 36.57 57.50 65.54 0.12 12.93 Saudi Arabia Feb 4.41 0.36 14.21 14.30 14.81 0.00 4.17 Mar 4.41 0.36 14.71 14.60 15.11 0.00 4.37 Southeast Asia 8/ Feb 4.37 28.36 14.32 35.16 43.17 0.94 2.94 Mar 4.37 28.36 14.32 35.16 43.17 0.94 2.94 South Korea Feb 1.95 0.20 9.89 7.64 10.11 0.00 1.92 Mar 1.95 0.20 9.89 7.64 10.11 0.00 1.92 Selected Other China Feb 112.16 227.35 12.70 170.50 249.05 0.04 103.13 Mar 112.16 227.85 13.10 171.20 249.75 0.04 103.33 FSU-12 Feb 4.21 93.12 0.66 41.70 57.08 34.64 6.27 Mar 4.21 93.12 0.66 41.90 57.28 34.34 6.37 Russia Feb 1.33 40.92 0.11 21.28 30.83 9.24 2.29 Mar 1.33 40.92 0.11 21.48 31.03 8.94 2.39 Ukraine Feb 1.67 39.21 0.06 10.83 14.40 23.91 2.63 Mar 1.67 39.21 0.06 10.83 14.40 23.91 2.63 1/ Aggregate of local marketing years. Coarse grains include co rn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some coun tries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2017 WASDE - 563 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 174.78 1,015.58 125.16 584.45 980.66 142.20 209.70 United States 31.29 361.09 0.80 134.11 301.79 47.42 43.97 Total Foreign 143.48 654.49 124.36 450.34 678.87 94.78 165.73 Major Exporters 4/ 17.58 125.38 2.30 60.15 77.95 54.12 13.19 Argentina 1.41 29.75 0.00 6.00 9.30 18.96 2.90 Brazil 13.97 85.00 0.33 48.00 57.00 34.46 7.84 South Africa 2.20 10.63 1.96 6.15 11.65 0.69 2.45 Major Importers 5/ 19.04 134.04 69.56 142.24 193.81 5.88 22.95 Egypt 2.40 5.96 7.84 11.50 13.90 0.00 2.30 European Union 6/ 6.89 75.73 8.91 59.50 77.88 4.03 9.63 Japan 1.29 0.00 14.66 11.00 14.60 0.00 1.35 Mexico 2.60 25.48 11.34 17.80 34.55 0.78 4.09 Southeast Asia 7/ 3.61 26.72 12.83 30.60 38.60 1.07 3.49 South Korea 1.86 0.08 10.17 8.04 10.25 0.00 1.86 Selected Other 0.00 Canada 1.60 11.49 1.56 7.43 12.82 0.42 1.40 China 81.32 215.65 5.52 140.00 202.00 0.01 100.47 FSU-12 3.37 43.80 0.51 18.76 21.48 23.18 3.02 Ukraine 2.40 28.45 0.03 8.00 9.40 19.66 1.82 2015/16 Est. Beginning Stoc ks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stoc ks World 3/ 209.70 961.85 139.92 598.93 960.69 120.23 210.87 United States 43.97 345.51 1.71 130.05 298.87 48.20 44.12 Total Foreign 165.73 616.35 138.20 468.87 661.82 72.03 166.75 Major Exporters 4/ 13.19 104.21 6.01 60.55 77.85 36.70 8.86 Argentina 2.90 29.00 0.01 5.85 9.15 21.70 1.05 Brazil 7.84 67.00 3.40 49.00 57.50 14.20 6.54 South Africa 2.45 8.21 2.60 5.70 11.20 0.80 1.26 Major Importers 5/ 22.95 118.04 81.72 144.20 195.95 4.45 22.31 Egypt 2.30 6.00 8.78 12.45 14.85 0.01 2.21 European Union 6/ 9.63 58.41 13.77 55.00 73.20 1.95 6.66 Japan 1.35 0.00 15.19 11.60 15.20 0.00 1.34 Mexico 4.09 25.97 14.01 20.30 37.30 1.56 5.21 Southeast Asia 7/ 3.49 27.51 15.19 32.90 40.90 0.93 4.36 South Korea 1.86 0.08 10.12 7.80 10.12 0.00 1.94 Selected Other 0.00 Canada 1.40 13.56 1.37 7.07 12.35 1.74 2.24 China 100.47 224.63 3.17 153.50 217.50 0.00 110.77 FSU-12 3.02 39.85 0.38 17.79 20.40 21.42 1.43 Ukraine 1.82 23.33 0.03 6.70 8.00 16.60 0.59 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Braz il, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Sout heast Asia. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2017 WASDE - 563 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Feb 210.39 1,040.21 136.77 629.06 1,033.03 148.97 217.56 Mar 210.87 1,049.24 137.19 630.24 1,039.43 152.92 220.68 United States Feb 44.12 384.78 1.40 142.25 314.85 56.52 58.93 Mar 44.12 384.78 1.40 140.98 314.85 56.52 58.93 Total Foreign Feb 166.27 655.43 135.37 486.82 718.19 92.45 158.63 Mar 166.75 664.46 135.79 489.27 724.59 96.40 161.75 Major Exporters 4/ Feb 8.24 136.00 1.11 61.90 80.30 54.50 10.55 Mar 8.86 143.60 0.41 63.10 81.70 58.50 12.66 Argentina Feb 1.05 36.50 0.01 6.80 10.50 25.00 2.06 Mar 1.05 37.50 0.01 6.80 10.50 25.50 2.56 Brazil Feb 5.84 86.50 0.60 49.50 58.50 28.00 6.44 Mar 6.54 91.50 0.30 50.50 59.50 31.00 7.84 South Africa Feb 1.35 13.00 0.50 5.60 11.30 1.50 2.05 Mar 1.26 14.60 0.10 5.80 11.70 2.00 2.26 Major Importers 5/ Feb 22.30 120.77 79.60 147.75 199.78 3.74 19.15 Mar 22.31 120.76 79.60 147.75 199.48 3.74 19.45 Egypt Feb 2.21 6.00 9.00 12.70 15.10 0.01 2.10 Mar 2.21 6.00 9.00 12.70 15.10 0.01 2.10 European Union 6/ Feb 6.64 60.31 13.10 55.40 73.30 2.00 4.75 Mar 6.66 60.30 13.10 55.40 73.00 2.00 5.05 Japan Feb 1.34 0.00 15.00 11.50 15.10 0.00 1.24 Mar 1.34 0.00 15.00 11.50 15.10 0.00 1.24 Mexico Feb 5.21 26.00 13.80 21.00 38.60 0.80 5.61 Mar 5.21 26.00 13.80 21.00 38.60 0.80 5.61 Southeast Asia 7/ Feb 4.36 28.31 14.30 35.10 43.10 0.93 2.94 Mar 4.36 28.31 14.30 35.10 43.10 0.93 2.94 South Korea Feb 1.94 0.08 9.80 7.60 9.90 0.00 1.91 Mar 1.94 0.08 9.80 7.60 9.90 0.00 1.91 Selected Other Canada Feb 2.24 13.20 1.00 7.50 12.90 1.00 2.54 Mar 2.24 13.20 1.00 7.50 12.90 1.00 2.54 China Feb 110.77 219.55 3.00 161.00 231.00 0.02 102.31 Mar 110.77 219.55 3.00 161.00 231.00 0.02 102.31 FSU-12 Feb 1.43 47.62 0.42 19.19 21.97 24.40 3.11 Mar 1.43 47.62 0.42 19.19 21.97 24.40 3.11 Ukraine Feb 0.59 28.00 0.05 7.00 8.40 18.70 1.54 Mar 0.59 28.00 0.05 7.00 8.40 18.70 1.54 1/ Aggregate of local marketing years. 2/ Total foreign and worl d use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argent ina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2017 WASDE - 563 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 113.87 478.55 41.11 477.51 43.58 114.91 United States 1.03 7.11 0.78 4.30 3.06 1.55 Total Foreign 112.85 471.45 40.33 473.21 40.52 113.36 Major Exporters 4/ 36.78 159.30 0.73 132.84 32.42 31.54 India 22.80 105.48 0.00 98.24 12.24 17.80 Pakistan 0.68 6.90 0.03 2.60 3.80 1.21 Thailand 12.00 18.75 0.30 10.00 9.78 11.27 Vietnam 1.30 28.17 0.40 22.00 6.61 1.26 Major Importers 5/ 11.47 64.05 13.59 77.15 1.23 10.73 Brazil 0.64 8.47 0.39 7.93 0.93 0.64 European Union 6/ 1.16 1.95 1.71 3.40 0.27 1.15 Indonesia 5.50 35.56 1.35 38.30 0.00 4.11 Nigeria 0.96 2.84 2.60 5.40 0.00 0.99 Philippines 1.70 11.92 1.80 13.20 0.00 2.21 Sel. Mideast 7/ 1.31 1.98 4.11 6.09 0.00 1.31 Selected Other 0.00 Burma 0.37 12.60 0.01 10.60 1.74 0.65 C. Amer & Carib 8/ 0.47 1.69 1.56 3.25 0.01 0.46 China 53.10 144.56 4.70 144.50 0.43 57.44 Egypt 0.61 4.53 0.03 4.00 0.25 0.92 Japan 3.01 7.85 0.64 8.60 0.07 2.82 Mexico 0.16 0.18 0.71 0.88 0.00 0.17 South Korea 0.90 4.24 0.47 4.20 0.00 1.41 2015/16 Est. Beginning Stoc ks Production Imports Total /2 Domestic Exports Ending Stoc ks World 3/ 114.91 472.16 37.89 470.93 40.39 116.15 United States 1.55 6.13 0.77 3.55 3.42 1.48 Total Foreign 113.36 466.03 37.13 467.38 36.97 114.67 Major Exporters 4/ 31.54 154.47 0.61 127.97 29.51 29.14 India 17.80 104.41 0.00 93.57 10.24 18.40 Pakistan 1.21 6.80 0.01 2.70 4.30 1.02 Thailand 11.27 15.80 0.30 9.10 9.87 8.40 Vietnam 1.26 27.46 0.30 22.60 5.10 1.32 Major Importers 5/ 10.73 62.90 12.27 76.31 0.95 8.65 Brazil 0.64 7.21 0.84 7.85 0.60 0.24 European Union 6/ 1.15 2.05 1.80 3.55 0.27 1.18 Indonesia 4.11 36.20 1.00 37.80 0.00 3.51 Nigeria 0.99 2.71 2.10 5.20 0.00 0.60 Philippines 2.21 11.00 1.60 13.00 0.00 1.81 Sel. Mideast 7/ 1.31 1.89 3.35 5.78 0.00 0.78 Selected Other 0.00 Burma 0.65 12.20 0.04 10.80 1.30 0.78 C. Amer & Carib 8/ 0.46 1.62 1.95 3.48 0.02 0.53 China 57.44 145.77 4.80 144.00 0.27 63.74 Egypt 0.92 4.00 0.10 3.90 0.20 0.92 Japan 2.82 7.67 0.71 8.50 0.08 2.62 Mexico 0.17 0.16 0.69 0.89 0.00 0.13 South Korea 1.41 4.33 0.31 4.21 0.00 1.83 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in so me countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countri es. March 2017 WASDE - 563 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Feb 116.46 480.13 38.39 478.63 41.36 117.96 Mar 116.15 480.35 37.95 478.84 41.23 117.65 United States Feb 1.48 7.12 0.75 4.19 3.49 1.66 Mar 1.48 7.12 0.75 4.19 3.49 1.66 Total Foreign Feb 114.98 473.02 37.64 474.44 37.87 116.30 Mar 114.67 473.23 37.21 474.65 37.74 116.00 Major Exporters 4/ Feb 29.14 159.54 0.56 132.75 30.20 26.29 Mar 29.14 159.54 0.56 132.75 29.80 26.69 India Feb 18.40 106.50 0.00 97.00 10.20 17.70 Mar 18.40 106.50 0.00 97.00 10.00 17.90 Pakistan Feb 1.02 6.64 0.01 2.75 4.20 0.72 Mar 1.02 6.64 0.01 2.75 4.20 0.72 Thailand Feb 8.40 18.60 0.25 10.30 10.00 6.95 Mar 8.40 18.60 0.25 10.30 10.00 6.95 Vietnam Feb 1.32 27.80 0.30 22.70 5.80 0.92 Mar 1.32 27.80 0.30 22.70 5.60 1.12 Major Importers 5/ Feb 8.73 64.64 11.80 76.25 0.96 7.96 Mar 8.65 64.89 11.50 76.07 1.06 7.91 Brazil Feb 0.24 7.82 0.70 7.85 0.60 0.31 Mar 0.24 8.07 0.60 7.90 0.70 0.31 European Union 6/ Feb 1.18 2.05 1.85 3.65 0.28 1.15 Mar 1.18 2.05 1.85 3.65 0.28 1.15 Indonesia Feb 3.51 36.60 1.00 37.50 0.00 3.61 Mar 3.51 36.60 0.80 37.30 0.00 3.61 Nigeria Feb 0.60 2.70 2.00 5.00 0.00 0.30 Mar 0.60 2.70 2.00 5.00 0.00 0.30 Philippines Feb 1.81 11.50 1.00 12.90 0.00 1.41 Mar 1.81 11.50 1.00 12.90 0.00 1.41 Sel. Mideast 7/ Feb 0.86 2.02 3.60 5.80 0.00 0.68 Mar 0.78 2.02 3.60 5.78 0.00 0.62 Selected Other Burma Feb 1.01 12.50 0.00 11.00 1.50 1.01 Mar 0.78 12.50 0.00 11.00 1.50 0.78 C. Amer & Carib 8/ Feb 0.53 1.70 1.79 3.53 0.02 0.46 Mar 0.53 1.70 1.79 3.53 0.02 0.46 China Feb 63.74 144.85 5.00 144.00 0.28 69.31 Mar 63.74 144.85 5.00 144.00 0.50 69.09 Egypt Feb 0.92 4.55 0.30 4.00 0.30 1.48 Mar 0.92 4.55 0.15 4.10 0.30 1.23 Japan Feb 2.62 7.79 0.69 8.50 0.09 2.51 Mar 2.62 7.79 0.69 8.50 0.09 2.51 Mexico Feb 0.13 0.19 0.75 0.89 0.00 0.18 Mar 0.13 0.19 0.75 0.89 0.00 0.18 South Korea Feb 1.83 4.20 0.41 4.70 0.00 1.74 Mar 1.83 4.20 0.41 4.70 0.00 1.74 1/ Aggregate of local marketing years. 2/ Total foreign and worl d use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearan ce. 3/ World imports and exports may not balance due to di fferences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Ph ilippines, selected Middle East, and the EU -28. 6/ Trade excludes intra-trade. 7/ Selected Mi ddle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. March 2017 WASDE - 563 - 26 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2014/15 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 103.32 119.19 36.07 111.41 35.32 0.11 111.73 United States 2.35 16.32 0.01 3.58 11.25 0.21 3.65 Total Foreign 100.97 102.87 36.05 107.84 24.07 -0.10 108.08 Major Exporters 4/ 28.43 52.72 1.74 32.32 20.53 -0.28 30.33 Central Asia 5/ 3.76 6.29 3/ 2.37 4.67 0.00 3.01 Afr. Fr. Zone 6/ 1.46 5.09 3/ 0.14 4.21 0.00 2.20 S. Hemis 7/ 11.40 11.02 0.18 4.45 7.08 -0.29 11.35 Australia 1.81 2.30 3/ 0.04 2.40 -0.15 1.82 Brazil 7.67 7.00 0.02 3.40 3.91 -0.15 7.53 India 11.46 29.50 1.23 24.50 4.20 0.00 13.49 Major Importers 8/ 70.69 46.90 32.27 71.16 2.63 0.17 75.90 Mexico 0.58 1.32 0.83 1.85 0.17 0.03 0.69 China 62.71 30.00 8.28 34.00 0.07 0.00 66.92 European Union 9/ 0.38 1.65 0.86 0.87 1.62 0.05 0.35 Turkey 1.36 3.20 3.68 6.40 0.24 0.00 1.60 Pakistan 2.48 10.60 0.95 10.60 0.51 0.03 2.89 Indonesia 0.50 0.01 3.35 3.25 0.01 0.00 0.60 Thailand 0.24 3/ 1.48 1.48 0.00 0.03 0.22 Bangladesh 1.27 0.12 5.75 5.80 0.00 0.01 1.33 Vietnam 0.50 3/ 4.28 4.10 0.00 0.00 0.68 2015/16 Est. Beginning Stoc ks Production Imports Domestic Use Exports Loss /2 Ending Stoc ks World 111.73 96.72 35.20 111.23 35.29 0.04 97.09 United States 3.65 12.89 0.03 3.45 9.15 0.17 3.80 Total Foreign 108.08 83.84 35.17 107.78 26.14 -0.13 93.29 Major Exporters 4/ 30.33 47.03 1.77 31.67 23.02 -0.27 24.71 Central Asia 5/ 3.01 5.97 3/ 2.33 4.46 0.00 2.19 Afr. Fr. Zone 6/ 2.20 4.18 3/ 0.14 4.86 0.00 1.37 S. Hemis 7/ 11.35 9.97 0.25 4.21 7.69 -0.28 9.96 Australia 1.82 2.85 3/ 0.04 2.85 -0.15 1.93 Brazil 7.53 5.90 0.09 3.20 4.31 -0.15 6.16 India 13.49 26.40 1.07 24.25 5.76 0.00 10.94 Major Importers 8/ 75.90 33.98 31.10 71.93 2.07 0.14 66.84 Mexico 0.69 0.91 0.98 1.85 0.13 0.03 0.57 China 66.92 22.00 4.41 35.00 0.13 0.00 58.20 European Union 9/ 0.35 1.29 0.80 0.82 1.31 0.05 0.26 Turkey 1.60 2.65 4.22 6.65 0.23 0.00 1.58 Pakistan 2.89 7.00 3.30 10.30 0.25 0.03 2.62 Indonesia 0.60 0.01 2.94 3.00 0.02 0.00 0.53 Thailand 0.22 3/ 1.28 1.25 0.00 0.03 0.22 Bangladesh 1.33 0.12 6.20 6.10 0.00 0.01 1.54 Vietnam 0.68 3/ 4.50 4.40 0.00 0.00 0.78 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Ta nzania, and Zimbabwe. 8/ In addition to the countries and regi ons listed, includes Hong Kong, Japan, Russia, South Kor ea, and Taiwan. 9/ Includes intra-EU trade. March 2017 WASDE - 563 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2016/17 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Feb 96.83 105.42 35.75 112.52 35.74 -0.17 89.90 Mar 97.09 105.72 35.96 112.43 35.95 -0.10 90.48 United States Feb 3.80 16.96 0.01 3.30 12.70 -0.03 4.80 Mar 3.80 17.23 0.01 3.30 13.20 0.04 4.50 Total Foreign Feb 93.03 88.46 35.74 109.22 23.04 -0.14 85.10 Mar 93.29 88.49 35.95 109.13 22.75 -0.14 85.98 filler filler filler filler filler filler filler Major Exporters 4/ Feb 24.43 50.13 2.59 31.19 20.03 -0.28 26.20 Mar 24.71 50.15 3.09 31.15 19.86 -0.28 27.21 Central Asia 5/ Feb 2.17 5.73 3/ 2.44 3.24 0.00 2.22 Mar 2.19 5.74 3/ 2.39 3.09 0.00 2.46 Afr. Fr. Zone 6/ Feb 1.37 4.91 3/ 0.14 4.55 0.00 1.59 Mar 1.37 4.91 3/ 0.14 4.52 0.00 1.61 S. Hemis 7/ Feb 9.71 12.12 0.26 4.21 7.60 -0.29 10.58 Mar 9.96 12.12 0.36 4.21 7.50 -0.29 11.03 Australia Feb 1.68 4.50 3/ 0.04 4.10 -0.15 2.20 Mar 1.93 4.50 3/ 0.04 4.10 -0.15 2.45 Brazil Feb 6.16 6.50 0.10 3.20 2.90 -0.15 6.81 Mar 6.16 6.50 0.20 3.20 2.80 -0.15 7.01 India Feb 10.94 27.00 1.80 23.75 4.40 0.00 11.59 Mar 10.94 27.00 2.20 23.75 4.50 0.00 11.89 filler filler filler filler filler filler filler Major Importers 8/ Feb 66.84 35.49 30.87 73.84 1.94 0.14 57.29 Mar 66.84 35.49 30.56 73.79 1.81 0.14 57.15 Mexico Feb 0.57 0.73 1.08 1.73 0.10 0.03 0.52 Mar 0.57 0.73 1.08 1.73 0.10 0.03 0.52 China Feb 58.20 22.50 4.50 36.25 0.10 0.00 48.85 Mar 58.20 22.50 4.50 36.25 0.05 0.00 48.90 European Union 9/ Feb 0.26 1.23 0.78 0.80 1.18 0.05 0.25 Mar 0.26 1.23 0.78 0.79 1.18 0.05 0.25 Turkey Feb 1.58 3.20 3.60 6.60 0.33 0.00 1.46 Mar 1.58 3.20 3.25 6.30 0.33 0.00 1.41 Pakistan Feb 2.62 7.70 2.65 10.20 0.23 0.03 2.52 Mar 2.62 7.70 2.60 10.20 0.15 0.03 2.54 Indonesia Feb 0.53 0.01 2.90 2.90 0.01 0.00 0.53 Mar 0.53 0.01 3.10 3.05 0.01 0.00 0.58 Thailand Feb 0.22 3/ 1.20 1.18 0.00 0.03 0.22 Mar 0.22 3/ 1.20 1.18 0.00 0.03 0.22 Bangladesh Feb 1.54 0.12 6.60 6.70 0.00 0.01 1.55 Mar 1.54 0.12 6.40 6.70 0.00 0.01 1.35 Vietnam Feb 0.78 3/ 5.20 5.10 0.00 0.00 0.88 Mar 0.78 3/ 5.40 5.30 0.00 0.00 0.88 1/ Marketing year beginning August 1. Totals may not add ex actly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destro yed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks base d on supply less total use and in dicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions lis ted. 5/ Azerbaijan, Kazakhstan , Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Be nin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Pa raguay, South Africa, Tanzania, and Zimbabwe. 8/ In addi tion to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. March 2017 WASDE - 563 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 61.75 319.60 124.36 264.41 302.00 126.22 77.49 United States 2.50 106.88 0.90 50.98 54.96 50.14 5.19 Total Foreign 59.24 212.72 123.46 213.44 247.04 76.08 72.30 Major Exporters 3/ 41.36 169.86 0.32 84.19 91.77 68.79 50.99 Argentina 25.27 61.40 0.00 40.02 44.18 10.57 31.92 Brazil 15.82 97.20 0.31 40.44 43.79 50.61 18.93 Paraguay 0.13 8.15 0.01 3.65 3.69 4.49 0.12 Major Importers 4/ 15.22 15.39 105.97 98.31 117.69 0.29 18.60 China 13.85 12.15 78.35 74.50 87.20 0.14 17.01 European Union 0.62 1.83 13.91 14.00 15.57 0.12 0.68 Japan 0.25 0.23 3.00 2.15 3.28 0.00 0.21 Mexico 0.12 0.35 3.82 4.18 4.21 0.00 0.07 2015/16 Est. Beginning Stoc ks Production Imports Domestic Crush Domestic Total Exports Ending Stoc ks World 2/ 77.49 312.81 133.34 276.26 314.92 132.13 76.59 United States 5.19 106.86 0.64 51.34 54.64 52.69 5.35 Total Foreign 72.30 205.96 132.70 224.93 260.28 79.44 71.24 Major Exporters 3/ 50.99 164.52 1.12 86.98 94.83 71.60 50.19 Argentina 31.92 56.80 0.68 43.23 47.52 9.92 31.95 Brazil 18.93 96.50 0.41 39.90 43.40 54.38 18.05 Paraguay 0.12 9.01 0.01 3.70 3.74 5.20 0.19 Major Importers 4/ 18.60 15.41 113.30 107.44 128.02 0.32 18.97 China 17.01 11.79 83.23 81.30 95.00 0.11 16.91 European Union 0.68 2.26 15.01 15.10 16.68 0.14 1.12 Japan 0.21 0.24 3.19 2.28 3.38 0.00 0.26 Mexico 0.07 0.33 4.13 4.40 4.45 0.00 0.08 2016/17 Proj. Beginning Stoc ks Production Imports Domestic Crush Domestic Total Exports Ending Stoc ks World 2/ Feb 77.19 336.62 137.43 290.74 330.75 140.11 80.38 Mar 76.59 340.79 138.25 291.55 331.70 141.10 82.82 United States Feb 5.35 117.21 0.68 52.53 56.02 55.79 11.44 Mar 5.35 117.21 0.68 52.80 56.29 55.11 11.84 Total Foreign Feb 71.83 219.42 136.75 238.22 274.73 84.32 68.95 Mar 71.24 223.58 137.57 238.75 275.41 85.99 70.98 Major Exporters 3/ Feb 50.77 171.37 1.36 89.80 97.94 76.25 49.31 Mar 50.19 175.37 1.37 90.30 98.41 77.87 50.65 Argentina Feb 31.95 55.50 1.00 45.30 49.75 9.00 29.70 Mar 31.95 55.50 1.00 45.30 49.75 9.00 29.70 Brazil Feb 18.63 104.00 0.35 40.50 44.10 59.50 19.38 Mar 18.05 108.00 0.35 41.00 44.60 61.00 20.80 Paraguay Feb 0.15 9.17 0.01 3.80 3.85 5.30 0.18 Mar 0.19 9.17 0.01 3.80 3.84 5.40 0.13 Major Importers 4/ Feb 18.97 16.83 114.94 112.38 133.78 0.33 16.64 Mar 18.97 16.80 115.99 112.48 134.18 0.33 17.26 China Feb 16.91 12.90 86.00 86.50 100.80 0.15 14.86 Mar 16.91 12.90 87.00 86.50 101.10 0.15 15.56 European Union Feb 1.12 2.42 13.80 14.70 16.29 0.15 0.90 Mar 1.12 2.39 13.80 14.70 16.29 0.15 0.87 Japan Feb 0.26 0.24 3.10 2.20 3.36 0.00 0.24 Mar 0.26 0.24 3.10 2.20 3.36 0.00 0.24 Mexico Feb 0.08 0.49 4.30 4.70 4.75 0.00 0.12 Mar 0.08 0.49 4.20 4.65 4.70 0.00 0.07 1/ Data based on local marketing years except Argentina and Brazil wh ich are adjusted to an October-September year. 2/ World i mports and exports may not balance due to differences in local market ing years and to time lags between reported exports and imports . Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). March 2017 WASDE - 563 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 10.47 208.26 60.87 202.08 64.46 13.08 United States 0.23 40.88 0.30 29.28 11.89 0.24 Total Foreign 10.25 167.38 60.57 172.80 52.57 12.84 Major Exporters 3/ 6.96 68.39 0.03 22.60 44.49 8.29 Argentina 4.07 30.93 0.00 2.40 28.58 4.03 Brazil 2.48 31.30 0.02 15.70 14.39 3.71 India 0.41 6.16 0.01 4.50 1.52 0.55 Major Importers 4/ 1.44 15.36 36.41 50.50 0.70 2.00 European Union 0.25 11.06 19.62 29.89 0.36 0.68 Southeast Asia 5/ 1.10 2.67 15.08 17.25 0.34 1.26 2015/16 Est. Beginning Stoc ks Production Imports Domestic Total Exports Ending Stoc ks World 2/ 13.08 216.75 62.02 214.55 65.65 11.65 United States 0.24 40.53 0.37 30.04 10.85 0.24 Total Foreign 12.84 176.22 61.65 184.52 54.80 11.41 Major Exporters 3/ 8.29 68.73 0.07 23.59 46.14 7.36 Argentina 4.03 33.21 0.00 2.68 30.33 4.23 Brazil 3.71 30.88 0.03 16.20 15.41 3.01 India 0.55 4.64 0.05 4.71 0.41 0.12 Major Importers 4/ 2.00 17.00 36.57 53.27 0.69 1.61 European Union 0.68 11.93 19.21 31.14 0.30 0.37 Southeast Asia 5/ 1.26 3.35 15.64 18.67 0.39 1.19 2016/17 Proj. Beginning Stoc ks Production Imports Domestic Total Exports Ending Stoc ks World 2/ Feb 11.52 227.86 64.67 225.01 68.29 10.77 Mar 11.65 228.45 64.43 225.07 68.29 11.17 United States Feb 0.24 41.20 0.30 30.94 10.52 0.27 Mar 0.24 41.38 0.30 31.12 10.52 0.27 Total Foreign Feb 11.28 186.66 64.38 194.07 57.76 10.49 Mar 11.41 187.07 64.14 193.95 57.76 10.90 Major Exporters 3/ Feb 7.35 73.33 0.03 24.73 49.40 6.58 Mar 7.36 73.70 0.03 24.74 49.40 6.95 Argentina Feb 4.23 34.78 0.00 2.78 32.40 3.83 Mar 4.23 34.78 0.00 2.79 32.40 3.83 Brazil Feb 3.01 31.35 0.02 16.75 15.20 2.43 Mar 3.01 31.72 0.02 16.75 15.20 2.80 India Feb 0.12 7.20 0.01 5.20 1.80 0.33 Mar 0.12 7.20 0.01 5.20 1.80 0.33 Major Importers 4/ Feb 1.52 16.57 39.23 55.00 0.69 1.62 Mar 1.61 16.69 39.08 55.05 0.69 1.65 European Union Feb 0.37 11.61 20.25 31.54 0.30 0.40 Mar 0.37 11.61 20.25 31.54 0.30 0.40 Southeast Asia 5/ Feb 1.10 3.29 17.18 20.04 0.39 1.14 Mar 1.19 3.42 17.03 20.09 0.39 1.16 1/ Data based on local marketing years except for Argentina and Braz il which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Japan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. March 2017 WASDE - 563 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 3.90 49.29 10.04 48.02 11.09 4.11 United States 0.53 9.71 0.12 8.60 0.91 0.84 Total Foreign 3.37 39.58 9.92 39.42 10.18 3.26 Major Exporters 3/ 1.00 18.11 0.29 10.81 7.61 0.97 Argentina 0.24 7.69 0.02 2.50 5.09 0.35 Brazil 0.39 7.76 0.01 6.27 1.51 0.38 European Union 0.38 2.66 0.25 2.04 1.01 0.24 Major Importers 4/ 1.54 15.20 5.26 20.35 0.18 1.47 China 0.97 13.35 0.77 14.20 0.11 0.78 India 0.42 1.39 2.82 4.10 0.00 0.52 North Africa 5/ 0.16 0.46 1.67 2.05 0.07 0.17 2015/16 Est. Beginning Stoc ks Production Imports Domestic Total Exports Ending Stoc ks World 2/ 4.11 51.80 11.63 51.97 11.71 3.85 United States 0.84 9.96 0.13 9.15 1.02 0.77 Total Foreign 3.26 41.84 11.50 42.83 10.69 3.08 Major Exporters 3/ 0.97 18.96 0.39 11.20 8.16 0.97 Argentina 0.35 8.43 0.00 2.76 5.70 0.33 Brazil 0.38 7.66 0.07 6.27 1.55 0.29 European Union 0.24 2.87 0.33 2.17 0.92 0.35 Major Importers 4/ 1.47 15.95 6.85 22.89 0.16 1.22 China 0.78 14.57 0.59 15.30 0.10 0.54 India 0.52 1.04 4.27 5.30 0.00 0.53 North Africa 5/ 0.17 0.33 2.00 2.29 0.06 0.15 2016/17 Proj. Beginning Stoc ks Production Imports Domestic Total Exports Ending Stoc ks World 2/ Feb 3.87 54.29 11.07 53.97 11.58 3.68 Mar 3.85 54.47 11.09 53.87 11.74 3.80 United States Feb 0.77 10.16 0.14 9.32 0.98 0.76 Mar 0.77 10.23 0.15 9.32 1.02 0.80 Total Foreign Feb 3.10 44.14 10.93 44.65 10.60 2.92 Mar 3.08 44.24 10.94 44.55 10.72 3.00 Major Exporters 3/ Feb 0.97 19.27 0.29 11.56 8.00 0.97 Mar 0.97 19.37 0.29 11.56 8.05 1.02 Argentina Feb 0.33 8.73 0.00 2.97 5.65 0.44 Mar 0.33 8.73 0.00 2.97 5.65 0.44 Brazil Feb 0.29 7.75 0.04 6.42 1.40 0.26 Mar 0.29 7.85 0.04 6.42 1.45 0.31 European Union Feb 0.35 2.79 0.25 2.17 0.95 0.27 Mar 0.35 2.79 0.25 2.17 0.95 0.27 Major Importers 4/ Feb 1.27 17.68 6.11 23.69 0.19 1.17 Mar 1.22 17.68 6.13 23.69 0.19 1.15 China Feb 0.59 15.50 0.62 16.00 0.11 0.60 Mar 0.54 15.50 0.62 16.00 0.11 0.55 India Feb 0.53 1.62 3.80 5.50 0.00 0.45 Mar 0.53 1.62 3.80 5.50 0.00 0.45 North Africa 5/ Feb 0.15 0.55 1.69 2.19 0.08 0.12 Mar 0.15 0.56 1.71 2.19 0.08 0.15 1/ Data based on local marketing years except for Argentina and Braz il which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tunisia. March 2017 WASDE - 563 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2015 Annual 23,698 24,501 48,432 40,048 5,627 46,198 94,630 8,053 208.6 2016 I 5,935 6,230 12,222 10,039 1,435 11,609 23,831 2,073 53.0 II 6,187 5,962 12,206 10,253 1,520 11,911 24,117 2,111 54.3 III 6,468 6,099 12,621 10,338 1,515 11,997 24,618 2,161 52.6 IV 6,623 6,647 13,327 10,065 1,511 11,708 25,035 2,220 52.5 Annual Feb Est. 25,212 24,939 50,377 40,686 5,981 47,212 97,589 8,411 212.5 Mar Est. 25,212 24,939 50,377 40,695 5,981 47,225 97,601 8,565 212.4 2017 I* 6,085 6,400 12,539 10,225 1,450 11,805 24,344 2,190 53.8 II* 6,605 6,320 12,982 10,450 1,535 12,123 25,105 2,165 55.7 III* 6,910 6,415 13,380 10,500 1,525 12,167 25,547 2,190 54.0 IV* 6,650 6,970 13,678 10,350 1,575 12,065 25,743 2,235 54.0 Annual Feb Proj. 26,000 26,170 52,396 41,525 6,120 48,190 100,586 8,545 217.4 Mar Proj. 26,250 26,105 52,579 41,525 6,085 48,160 100,739 8,780 217.5 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & mut ton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2015 Annual 148.12 50.23 90.5 116.2 181.8 17.12 2016 I 134.81 44.63 84.6 114.7 121.5 15.70 II 127.68 53.71 93.0 116.5 67.9 14.77 III 113.26 49.26 81.7 120.7 71.6 16.83 IV 107.69 37.02 78.0 116.6 81.7 17.67 Annual Feb Est. 120.86 46.16 84.3 117.1 85.7 16.24 Mar Est. 120.86 46.16 84.3 117.1 85.7 16.24 2017 I* 121-124 50-51 85-86 99-102 80-81 18.15-18.35 II* 116-122 45-47 86-90 101-107 83-87 17.10-17.60 III* 110-120 43-47 83-89 104-112 88-96 17.65-18.45 IV* 110-120 36-38 81-87 109-119 101-109 18.15-19.15 Annual Feb Proj. 109-116 42-45 82-87 104-110 93-98 17.70-18.40 Mar Proj. 114-121 43-46 83-89 103-110 88-93 17.80-18.40 *Projection. 1/ Simple average of months. 2/ 5-Area, Direct, Total all grades 3/ National Base, Live equiv 51-52% lean. 4/ Whol esale, National Composite Weighted Average. 5/ 8 -16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. March 2017 WASDE - 563 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2015 591 23,760 3,371 27,721 2,265 683 24,773 54.0 2016 Est. Feb 683 25,276 3,016 28,975 2,550 756 25,669 55.4 Mar 683 25,276 3,016 28,975 2,550 757 25,668 55.6 2017 Proj. Feb 756 26,064 2,735 29,555 2,715 600 26,240 56.3 Mar 757 26,314 2,735 29,806 2,725 600 26,481 56.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2015 559 24,517 1,116 26,191 5,009 590 20,593 49.8 2016 Est. Feb 590 24,954 1,092 26,636 5,233 509 20,894 50.0 Mar 590 24,954 1,092 26,636 5,233 507 20,896 50.1 2017 Proj. Feb 509 26,186 1,085 27,780 5,440 660 21,680 51.6 Mar 507 26,121 1,045 27,673 5,670 635 21,368 50.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2015 1,190 48,520 4,700 54,410 7,279 1,320 45,810 105.0 2016 Est. Feb 1,320 50,466 4,324 56,110 7,788 1,306 47,016 106.7 Mar 1,320 50,466 4,324 56,110 7,788 1,304 47,018 106.9 2017 Proj. Feb 1,306 52,486 4,017 57,809 8,163 1,295 48,351 109.0 Mar 1,304 52,669 3,997 57,970 8,403 1,270 48,297 108.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2015 680 39,620 131 40,431 6,321 832 33,277 89.0 2016 Est. Feb 832 40,251 131 41,214 6,647 783 33,784 89.5 Mar 832 40,260 131 41,223 6,647 778 33,798 89.8 2017 Proj. Feb 783 41,081 140 42,004 6,925 745 34,334 90.4 Mar 778 41,081 140 41,999 6,925 745 34,329 90.4 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2015 193 5,627 45 5,866 529 201 5,136 16.0 2016 Est. Feb 201 5,981 50 6,232 568 279 5,386 16.6 Mar 201 5,981 50 6,232 568 279 5,386 16.7 2017 Proj. Feb 279 6,120 40 6,439 630 300 5,509 16.9 Mar 279 6,085 40 6,404 630 300 5,474 16.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2015 877 45,769 177 46,823 6,995 1,041 38,787 106.2 2016 Est. Feb 1,041 46,776 184 48,002 7,369 1,070 39,563 107.4 Mar 1,041 46,789 184 48,014 7,369 1,065 39,581 107.7 2017 Proj. Feb 1,070 47,745 182 48,997 7,695 1,053 40,249 108.5 Mar 1,065 47,715 183 48,963 7,695 1,053 40,215 108.4 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2015 2,066 94,289 4,877 101,232 14,273 2,361 84,598 211.1 2016 Est. Feb 2,361 97,243 4,508 104,112 15,157 2,376 86,579 214.1 Mar 2,361 97,255 4,508 104,125 15,157 2,369 86,599 214.6 2017 Proj. Feb 2,376 100,231 4,199 106,806 15,858 2,348 88,600 217.5 Mar 2,369 100,384 4,180 106,933 16,098 2,323 88,512 217.2 1/ Total including farm production for red meats and, for poultr y, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready-to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready-to- cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. March 2017 WASDE - 563 - 33 U.S. Egg Supply and Use Commodity 2014 2015 2016 Est. 2016 Est. 2017 Proj. 2017 Proj. Feb Mar Feb Mar Eggs Million Dozen Supply Beginning Stocks 23.0 23.3 31.1 31.1 27.2 27.1 Production 8,432.8 8,053.0 8,411.1 8,565.0 8,545.0 8,780.0 Imports 34.7 123.5 122.1 122.1 60.0 60.0 Total Supply 8,490.5 8,199.8 8,564.3 8,718.2 8,632.2 8,867.1 Use Exports 378.5 313.6 279.2 279.2 325.0 305.0 Hatching Use 980.6 995.6 1,009.1 1,009.0 1,020.0 1,035.0 Ending Stocks 23.3 31.1 27.2 27.1 27.0 27.0 Disappearance Total 7,108.0 6,859.5 7,248.8 7,402.9 7,260.2 7,500.1 Per Capita (number) 267.5 256.3 268.4 274.7 267.0 275.8 Total U.S. Milk Supply and Use Commodity 2014 2015 2016 Est. 2016 Est. 2017 Proj. 2017 Proj. Feb Mar Feb Mar Milk Billion Pounds Production 206.1 208.6 212.5 212.4 217.4 217.5 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 11.2 11.2 13.3 13.3 14.3 14.0 Marketings 205.1 207.6 211.5 211.5 216.4 216.5 Imports 4.3 5.7 7.0 7.0 6.6 6.6 Total Cml. Supply 220.6 224.6 231.9 231.8 237.3 237.2 Fat Basis Use Commercial Exports 12.4 8.8 9.2 9.2 8.3 8.3 Ending Commercial Stocks 11.2 13.3 14.3 14.0 14.3 14.3 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 196.9 202.5 208.5 208.6 214.7 214.6 Skim-solid Basis Supply Beg. Commercial Stocks 11.7 13.1 13.9 13.9 14.8 14.7 Marketings 205.1 207.6 211.5 211.5 216.4 216.5 Imports 5.6 6.0 6.5 6.5 6.2 6.2 Total Cml. Supply 222.4 226.7 231.9 231.9 237.3 237.4 Skim-solid Basis Use Commercial Exports 39.0 37.3 38.9 38.9 40.1 39.8 Ending Commercial Stocks 13.1 13.9 14.8 14.7 14.0 14.5 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 170.3 175.5 178.3 178.3 183.2 183.1 Total Note: Totals may not add due to rounding. March 2017 WASDE - 563 - 34 U.S. Dairy Prices Commodity 2014 2015 2016 Est. 2016 Est. 2017 Proj. 2017 Proj. Feb Mar Feb Mar Product Prices 1/ Dollars Per Pound Cheese 2.1551 1.6454 1.6050 1.6050 1.660- 1.7301.645- 1.705 Butter 2.1361 2.0670 2.0777 2.0777 2.045- 2.1452.120- 2.210 Nonfat Dry Milk 1.7682 0.9016 0.8292 0.8292 0.990- 1.0500.925- 0.975 Dry Whey 0.6538 0.3804 0.2875 0.2875 0.455- 0.4850.495- 0.525 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 22.34 15.80 14.87 14.87 16.45- 17.1516.60- 17.20 Class IV 22.09 14.35 13.77 13.77 15.10- 15.9014.85- 15.55 All Milk 3/ 23.97 17.12 16.24 16.24 17.70- 18.4017.80- 18.40 1/ Simple average of monthly prices calculated by AMS fr om weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respectiv e classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not re flect any deductions from producers as authorized by legislation. March 2017 WASDE - 563 - 35 Reliability of March Projections 1/ Note: Tables on pages 35-37 present a record of the March projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0.6 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 1 percent. The average difference between the March pr oject ion and the final estimate is 2.4 million tons, ranging from 0 million to 8 million tons. The March projection has been below the estimate 26 times and ab ove 9 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest LargestBelow Final Above Final WHEAT Percent Million Metric Tons Production World 0.6 1.0 2.4 0.0 8.0 26 9 U.S. 0.2 0.3 0.1 0.0 0.3 15 9 Foreign 0.7 1.1 2.4 0.1 8.0 26 9 Exports World 4.4 7.5 4.5 0.0 17.0 30 5 U.S. 3.2 5.4 0.8 0.0 2.4 19 15 Foreign 5.4 9.1 4.3 0.2 16.0 28 7 Domestic Use World 1.0 1.6 4.4 0.2 12.2 15 20 U.S. 3.7 6.3 0.9 0.0 2.4 14 21 Foreign 0.9 1.6 4.1 0.1 11.5 19 16 Ending Stocks World 4.2 7.2 5.2 0.2 14.1 24 11 U.S. 8.4 14.2 1.1 0.0 4.5 20 15 Foreign 4.6 7.8 4.5 0.0 13.5 23 11 COARSE GRAINS 2/ Production World 1.1 1.9 9.2 0.5 22.0 29 6 U.S. 0.2 0.3 0.1 0.0 1.3 15 7 Foreign 1.6 2.7 9.2 0.5 21.9 29 6 Exports World 5.3 8.9 5.0 0.0 24.2 25 10 U.S. 8.3 14.1 3.3 0.0 9.1 16 19 Foreign 8.3 14.1 4.4 0.1 21.5 23 12 Domestic Use World 1.0 1.6 6.5 0.1 24.2 19 16 U.S. 3.0 5.1 4.1 0.2 17.3 12 23 Foreign 1.0 1.8 5.8 0.4 17.5 23 12 Ending Stocks World 8.8 14.9 11.0 0.6 28.2 30 5 U.S. 13.8 23.4 4.8 0.1 15.3 20 15 Foreign 11.0 18.7 8.5 0.5 27.0 31 4 RICE, milled Production World 1.3 2.3 3.4 0.2 13.8 26 9 U.S. 1.3 2.3 0.0 0.0 0.2 11 6 Foreign 1.4 2.3 3.4 0.1 13.8 26 9 Exports World 8.2 14.0 1.4 0.1 5.3 28 7 U.S. 6.9 11.8 0.2 0.0 0.5 17 15 Foreign 9.2 15.7 1.3 0.1 4.9 27 8 Domestic Use World 1.2 2.0 3.3 0.2 13.9 23 12 U.S. 7.1 12.0 0.2 0.0 0.4 13 21 Foreign 1.2 2.0 3.2 0.2 13.5 23 12 Ending Stocks World 8.5 14.4 4.2 0.5 25.8 24 11 U.S. 19.4 33.0 0.2 0.0 0.4 20 14 Foreign 8.8 14.9 4.2 0.3 25.7 24 11 1/ Footnotes at end of table. CONTINUED March 2017 WASDE - 563 - 36 Reliability of March Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest LargestBelow Final Above Final SOYBEANS Percent Million Metric Tons Production World 2.3 3.9 3.2 0.1 12.4 19 16 U.S. 1.4 2.3 0.6 0.0 2.5 15 13 Foreign 3.8 6.4 3.2 0.1 12.6 19 16 Exports World 5.7 9.6 2.5 0.0 11.5 23 11 U.S. 6.5 11.1 1.5 0.1 6.7 25 10 Foreign 15.1 25.6 2.3 0.1 9.5 16 19 Domestic Use World 2.1 3.6 2.8 0.0 11.4 19 16 U.S. 3.0 5.1 1.1 0.0 3.0 24 10 Foreign 2.5 4.2 2.2 0.1 12.8 17 18 Ending Stocks World 13.4 22.8 3.4 0.1 13.9 17 18 U.S. 40.8 69.2 1.9 0.1 7.2 9 26 Foreign 14.2 24.1 2.7 0.1 9.7 23 12 COTTON Million 480-Pound Bales Production World 1.8 3.1 1.4 0.0 5.2 21 12 U.S. 1.0 1.7 0.1 0.0 0.3 13 21 Foreign 2.2 3.8 1.4 0.0 5.3 21 13 Exports World 5.1 8.6 1.2 0.0 6.5 19 15 U.S. 6.4 10.9 0.5 0.0 1.4 15 19 Foreign 6.6 11.2 1.1 0.0 5.8 22 13 Domestic Use World 2.1 3.5 1.4 0.0 6.0 17 18 U.S. 3.7 6.4 0.2 0.0 0.7 19 14 Foreign 3.4 5.7 1.6 0.1 10.0 18 17 Ending Stocks World 8.7 14.8 3.0 0.2 8.5 22 13 U.S. 13.2 22.5 0.5 0.0 1.6 12 23 Foreign 9.5 16.2 3.0 0.0 7.9 24 11 1/ Marketing years 1981/82 thro ugh 2015/16 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the mark eting year for 1981/82 through 2015/16. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. March 2017 WASDE - 563 - 37 Reliability of United States March Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square errorconfidence interval Average Smallest LargestBelow Final Above Final CORN Percent Million Bushels Production 0.2 0.3 2 0 38 1 2 Exports 8.5 14.4 117 13 292 15 20 Domestic Use 2.9 5.0 142 9 474 13 22 Ending Stocks 15.5 26.3 186 3 713 21 14 SORGHUM Production 0.1 0.3 0 0 4 0 2 Exports 13.7 23.2 25 0 90 22 11 Domestic Use 14.6 24.7 31 1 178 15 20 Ending Stocks 42.8 72.6 25 1 148 14 21 BARLEY Production 0.8 1.3 1 0 11 15 4 Exports 15.7 26.6 5 0 20 12 20 Domestic Use 5.6 9.5 14 0 70 14 19 Ending Stocks 12.7 21.6 14 1 53 23 12 OATS Production 0.3 0.6 0 0 2 4 4 Exports 35.6 60.4 1 0 3 5 6 Domestic Use 4.8 8.2 11 1 36 15 20 Ending Stocks 15.8 26.8 12 1 47 19 16 SOYBEAN MEAL Thousand Short Tons Production 2.9 4.9 849 79 2,328 27 8 Exports 8.8 15.0 563 50 2,150 29 6 Domestic Use 2.5 4.3 550 41 2,066 24 11 Ending Stocks 35.5 60.2 62 0 214 14 19 SOYBEAN OIL Million Pounds Production 2.9 4.9 394 7 1,173 27 8 Exports 18.6 31.6 240 0 750 21 13 Domestic Use 2.4 4.1 294 9 760 23 12 Ending Stocks 18.2 30.9 258 17 721 21 14 ANIMAL PROD. 3/ Million Pounds Beef 2.7 4.5 554 103 1,613 23 11 Pork 2.9 5.0 335 5 1,667 22 12 Broilers 1.6 2.6 334 16 961 19 15 Turkeys 2.9 5.0 119 3 447 18 16 Million Dozen Eggs 1.7 3.0 87 3 534 21 13 Billion Pounds Milk 1.4 2.3 1.6 0.0 5.2 19 12 1/ See pages 35 and 36 for record of reliability for U.S. whe at, rice, soybeans, and cotton. Marketing years 1981/82 through 2015/16 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2015/16. Calendar years 1982 through 2015 for meats, eggs, and milk. Final for animal products is defined as the latest a nnual production estimate published by NASS for 1982-2015. WASDE-563-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Econ omic Research Service and Foreign Agricult ural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric-Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 WASDE Notification System Subscribers are notified through GovDelivery when the monthly World Agricultural Supply and Demand Estimates (WASDE ) report is available. Previous WASDE reports are available at http://usda.mannlib.cornell.edu/MannUsd a/viewDocumentInfo.do?documentID=1194 For questions contact: Susan Carter at 202-720-5447 or [email protected] World Agricultural Suppl y and Demand Estimates WASDE-563 – March 9, 2017 WASDE Briefing Slides: The briefing slides which accompany today’s WASDE report will be available at http://www.usda.gov/oce/commodity/wasde/ Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e-mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu . Select the “Reports by E -Mail” bar to sign up. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202 - 720 -2600 (voice and TDD). To file a complaint of discrimination, write US DA, Director, Office of Civil Rights, Room 326 -W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250 -9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554-9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 552 Approved by the Worl d Agricultural Outlook Board April 12, 2016 WHEAT: U.S. wheat endings stocks for 2015/16 are projected 10 milli on bushels higher on reduced feed and residual use. At 976 million bushels, these would be the largest ending stocks since 198 7. The reduced feed and re sidual use reflects lower disappearance during the December-Februar y and September-November quarters as indicated by March 1 stocks and revised De cember 1 stocks, both from the March 31 Grain Stocks report. The projected season-average farm price is lowe red $0.10 on the high end to $4.90 to $5.00. Global 2015/16 wheat suppli es are raised 1.0 million tons prim arily on increased production, which is a record 733.1 million t ons. EU produc tion is raised 1.5 million tons to a record 160.0 million, and Argentina is rais ed 0.3 million tons to 11.3 million, both on updated government data . Partially offsetting are a 0.6-million-ton reduction for Ethiopia, and a 0.4-million-ton redu ction for Pakistan. World exports are raised 0.4 million tons to 163.1 million. Worl d wheat consumption for 2015/16 is lowered 0.7 million tons on both reduced feed and food use. With supplies rising and use de clining, global ending stocks are raised 1.7 million tons to 239.3 million, and re main record large. COARSE GRAINS: U.S. feed grain endi ng stocks for 2015/16 are projected higher with increases for corn, barley, an d oats based on indicated dis appearance as reported in the March 31 Grain Stocks and adjustments to seed use based on in tended acreage from Prospective Plantings . Corn feed and residual use is pr ojected 50 million bushels lower reflecting indicated disappearanc e through the first half of the marketing year. Corn use in ethanol production is pr ojected 25 milli on bushels hi gher on a stro nger-than-expected pace of weekly ethanol produc tion through March as reporte d by the Energy Information Administration. Projected corn ending sto cks are raised 25 million bushels. The projected season-average farm price for corn is lowered 5 cents at t he midpoint to $3.55 per bushel, with the range lowe red 10 cents on the high end. Offsetting usage changes are made for 2015/16 U.S. sorghu m this month. Projected feed and residual us e is lowered 15 million bushels based on the March 1 stocks. Sorghum food, seed, and indu strial use is projected 25 m illion bushels higher based on robust use of sorghum to make ethanol du ring February as indicated in the latest Grain Crushings and Co-Products Production report. Project ed exports are lowered 10 million bushels as sales have declined sharply in rec ent weeks. The sorghum farm price range is projected 10 cents lower at the midpoint to $3.20 per bushel as discounts to corn remain large in the latest data. WASDE-552-2 Global coarse grain supplies for 2015/16 are projected 0.3 million tons higher with a number of mostly offse tting changes. Corn production is raised 1.0 million tons for Argentina, as timely rain during Februar y and March was benefi cial following some dryness and heat during January. Barley prod uction for Argentina is raised 0.6 million tons on greater area and better -than-expected yields. Argentin a corn production is also revised 1.7 million tons higher for 2014/15. Mali corn pr oduction for 2015/16 is 0.6 million tons higher following favorabl e summer rain over the main production areas. Sorghum output is lowered 3.1 million tons for Sud an and 1.2 million tons fo r Ethiopia, as El Niño conditions over the past year reduced rain in key growing areas. There are also a number of other smaller changes to co arse grains production in se veral other countries of Sub- Saharan Africa. Elsewhere, co rn production is raised 0.5 m illion tons for bot h Mexico and Serbia. Production is raised for Mexico reflec ting the latest government statistics which indicate higher winter planted area in Sinaloa. The change for Se rbia is based on the latest government revisi ons for the crop that wa s grown last summer. Global coarse grain exports fo r 2015/16 are raised 3.5 million tons as increases for corn and barley more than offset a small reduction for sorghum. Corn exports are raised 2.0 million tons for Argentina, 0.3 million tons each for the EU and Russia, and 0.2 million tons for Ukraine. Vi etnam corn imports are raised 2.0 million tons, reflecting trade data and updated estimates for feed and residual disappearance. Corn imports for the EU are lowered 1.0 million tons, on a slowing import license pace and large, competitively priced wheat supplies, which are ex pected to support greater domes tic wheat feeding. Corn consumption for Japan is revised lower for se veral years reflecting official government statistics. Barley exports are raised for th e EU and Argentina with higher imports for Saudi Arabia and Iran. Sorg hum imports are lowered for China but raised for Mexico. China corn feeding is raised, offsetting a decli ne in wheat as inter nal market prices are expected to favor corn. Chin a corn ending stocks for 2015 /16 are lowered 2.0 million tons, but the reduction is more than offset by larger stocks in Japan, the United States, Vietnam, Serbia, and Argentina. Global corn ending stocks are projected 1.9 million tons higher. RICE: U.S. 2015/16 rice supplies are lowe red 0.5 million cwt on lower long-grain imports. Long-grain ending st ocks are lowered 0.5 million cwt to 22.5 million. All rice ending stocks are now 43 .4 million cwt. The all rice and long-grain season-average prices are each lowered $0.30 per cwt at the mi dpoint to $12.30 to $12.70 and $10.80 to $11.20, respectively. Medium- and short-grai n prices are also down with the California price lowered $0.50 per cwt at the midpoint and th e Other States price lowered $0.20 per cwt at the midpoint. Global rice supplies for 20 15/16 are lowered 0.5 million tons, primarily on reduced production. Brazil and Paki stan production are lowered 0. 3 million tons and 0.2 million tons, respectively, both on updated governmen t statistics. Global trade and domestic use projections are both lowered fractionally. Global ending stocks are lowered 0.3 million tons to 90.2 million. WASDE-552-3 OILSEEDS: U.S. soybean supply and use changes for 2015/16 include higher exports, lower seed use, and lower en ding stocks. Soybea n exports are increased 15 million bushels to 1,705 million reflecting stronger gl obal soybean import s led by China and several other countries includ ing Iran, Bangladesh, and Mexi co. Seed use is reduced slightly in line with plantings indicated in the March 31 Prospective Plantings report. Soybean ending stocks are proj ected at 445 m illion bushels, down 15 million from last month. Soybean crush and balance sheets for soybean meal and oil are unchanged. Forecast price ranges for so ybeans and products are narrowe d this month with midpoints all unchanged. Global oilseed production for 2015/16 is projected at 527.0 million tons, marginally higher than last month, with small, mostly offset ting changes in foreign production. Global soybean production is virtually unchanged at 320.2 million tons as a projected boost to Argentina production offsets a decline for India. Arg entina soybean production is projected at 59.0 mil lion tons, up 0.5 million, as a higher forecast yield more than offsets a decline to harvested area. India soybean pr oduction is lowered 0.5 million tons to 7.5 million on reduced harvested area and yield. Yields are estima ted at just 0. 66 tons per hectare, reflecting excessive moisture in Madhya Pradesh and e rratic rainfall in Maharashtra. Other changes include redu ced soybean producti on for China, and increased rapeseed production for the EU and China. China sunflowerseed production is also raised, but more than offs et by lower forecasts for the EU , Brazil, and Argentina. For 2014/15, global soybean production is raised 1.0 million tons to 319.5 million on a larger estimate for Brazil. Brazil 2014/15 soybean production is boosted as marketing year trade and crush data indicate a larger production estimate. Global oilseed trade for 2015/1 6 is projected at 150.8 millio n tons, up 1.4 million mainly reflecting increased soybean tr ade. Increased exports projec ted for Brazil and the United States are only partly offset by reductions fo r Argentina and India. Soybean imports are raised 1.0 million tons to 83 .0 million for China reflecting stronger-than-expected imports from Brazil. Higher soybean imports are projected for several other countries including Iran, Japan, Bangladesh, and Mexi co. Partly offsetting are soybean import reductions for Vietnam, Egypt, Venezuela, a nd Chile. Global so ybean ending stocks are projected at 79.0 million tons, up 0.2 million with gains for Argent ina and China most ly offset with reductions for Brazil and the United States. SUGAR: U.S. sugar production for 2015/16 is decreased by 35,418 short tons, raw value (STRV) due to lower expected sucrose recovery from both sugarbeet slicing and from sugarcane milling in Florid a. Imports are increased by 8,646 STRV, mostly due to more calendar year 2016 shipm ents under Free Trade Agreements occurring in the fiscal year 2015/16 than origin ally anticipated. Imports from Me xico are lowered slightly on the basis of a rounding adjustment. There are no use changes. Ending stocks for 2015/16 are projected at 1.619 millio n STRV, implying a stocks-to- use ratio of 13.3 percent. WASDE-552-4 Mexico sugar deliveries for 2015/16 human c onsumption are lowered by 25,241 metric tons (MT) to 4.319 million. Ex ports are reduced slig htly due to a rou nding adjustment. Ending stocks are projec ted at 1.160 million MT implying a stocks-to-consumption ratio of 26.85 percent. LIVESTOCK, POULTRY, AND DAIRY: The 2016 forecast of total red meat and poultry production is raised from last month as higher expected cattle slaughter and heavier carcass weights more than offset a lower pork production forecast. The Quarterly Hogs and Pigs report, released March 25, estimated that growth in pigs per litter in the first quarter was slower than expected and that producers expected to farrow fewer sows in March-May than previously intended. Coupled with slower-than-ex pected first quarter slaughter, forecast pork produc tion is reduced. No change is made to broiler and turkey production. The beef import forecast is raised and the export is reduce d from last month based on recent trade data. The strength of the U.S. dollar continues to make the United States an attractive market for imports and constrains exports. Pork imports are raised on the strength of the dollar, but im proving demand in several impo rting countries is providing support for increased exports. The broiler export forecast is unchanged from last month, but turkey exports are reduced on a slower pace of export recovery. The cattle price forecast is reduced from last month on relatively weak demand and larger expected fed cattle supplies. Hog pr ices are lowered on weaker demand. No change is made to 2016 bro iler and turkey prices. Egg prices are reduced on weaker demand. The milk production forecast is increased from last month on a slower reduction in the cow inventory and slightly faster growth in milk per cow. Fat basis exports are raised on strong exports of butterfat-containing products , but strong imports of butterfat and cheese supported an increase in the fat basis import forecast. Skim-solids exports and imports are lowered on the pace of trade to date. The butter and nonfat dry m ilk (NDM) price forecast are reduced from last month on relatively large supplies and continued pressu re from weak internat ional prices. Cheese and whey prices are unchanged at the midpoint , but the range is narrowed for cheese. With no change made to chee se and whey, the Class III price is unchanged at the midpoint. The Class IV price is lowered on lo wer butter and NDM pric es. The annual all milk price forecast is unchange d at the midpoint as stronger fi rst-half prices are offset by lower second-half price forecasts. COTTON: The U.S. cotton 2015/1 6 supply and demand forecasts show only marginal changes from last month. Production is dec reased 73,000 bales to reflect USDA’s March Cotton Ginnings report. Domestic mill use and exports are unchan ged. With small adjustments to imports and th e “unaccounted” residual, en ding stocks are lowered 100,000 bales to 3.5 million. The marketing year av erage price received by producers is WASDE-552-5 expected to fall between 58.0 and 59.0 cents per pound, a reduction of 1.0 cent at the upper end of the range. The world cotton 2015/16 supply and dem and forecasts include lower estimated beginning stocks and production combined with slightly higher consumption, resulting in a 1.1-million-bale reduction in ending stocks. Beginning stocks are lowered about 300,000 bales, mainly for Greece and Mala ysia on historical revisions, partly offset by an increase for Brazil. World production is reduced 400,000 bal es, with reductions in Côte d’Ivoire, Mali, and Brazil. Consumption is raised for China and Pakistan, but is lowered for Indonesia, Bangladesh, and Tu rkey. World stocks are now projected at 102.2 million bales. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Seth D. Meyer, (202) 720- 6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: ROBERT C. JOHANSSON SECRETARY OF AGRICULTURE DESIGNATE WASDE-552-6 INTERAGENCY COMMODIT Y ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers, ICEC Chair, WAOB, E-mail : [email protected] Jennifer Bond, ERS; Teresa McKeiv ier, FAS; Mark Simone, FSA. Rice: William Chambers, ICEC Chair, WAOB, E-mail : wchambers @oce.usda.gov Nathan Childs, ERS; Rachel Tr ego, FAS; Mark Simone, FSA. Feed Grains: Jerry Norton, ICEC Chair, WAOB, E-mail : [email protected] Thomas Capehart, ERS; Yoonhee Mack e, FAS; Pete Riley, FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail : [email protected] Mark Ash, ERS; Bill George , FAS; Susan Proper, FSA. Cotton: Carol Skelly, ICEC Chair, WAOB, E-mail : [email protected] Darryl Earnest, AMS; Leslie Me yer, ERS; James Johnson, FAS; Sherrie Grimm, FSA. Sugar: Stephen Haley, ICEC Chair, WAOB, E-mail : [email protected] Michael McConnell, ERS; Ron Lor d, FAS; Barbar a Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Sherry Wise, AMS; Kenneth Mathews, ERS; Claire Mezoughem, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Larry Haller, AMS; David Harvey, ERS; Joa nna Hitchner, FAS; Milt on Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Roger Cryan, AMS; Jerry Cessna, ERS; Pa ul Kiendl, FAS; Milt on Madison, FSA. In 2016, The WASDE report will be released on May. 10, Jun. 10, Jul. 12, Aug. 12, Sep. 12, Oct. 12, Nov. 9, Dec. 9. WASDE-552-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................... 1 Interagency Commodity Estimates Committees ..................................................... 6 World & U.S. Supply & Use for Grains ................................................................... 8 World & U.S. Supply & Use for Cotton ................................................................... 9 World & U.S. Supply & Use for Oilseeds .............................................................. 10 U.S. Wheat Supply & Use .................................................................................... 11 U.S. Wheat Supply & Use by Class ..................................................................... 11 U.S. Feed Grain & Corn Supply & Use ................................................................ 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13 U.S. Rice Supply & Use ....................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................ 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ............................................................................. 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use .................................................................................. 18 World Coarse Grains Supply & Use ..................................................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use ..................................................................................... 24 World Cotton Supply & Use ................................................................................. 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ..................................................................... 29 World Soybean Oil Supply & Use......................................................................... 30 U.S. Quarterly Animal Product Production ........................................................... 31 U.S. Quarterly Prices for Animal Products ........................................................... 31 U.S. Meats Supply and Use ................................................................................. 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use .................................................................................... 33 U.S. Dairy Prices ................................................................................................. 34 Reliability Tables ................................................................................................. 35 Related USDA Reports ........................................................................................ 38 Metric Conversion Factors ................................................................................... 38 Electronic Access and Subscriptions ....................................................................... 40 April 2016 WASDE - 552 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Outpu tTotal SupplyTrade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2013/14 2473.04 2924.65 372.54 2412.01 512.64 2014/15 (Est.) 2507.65 3020.29 393.70 2458.20 562.09 filler filler filler filler filler 2015/16 (Proj.) Mar 2466.96 3026.42 365.08 2455.24 571.18 2015/16 (Proj.) Apr 2465.11 3027.20 368.97 2452.66 574.54 filler filler filler filler filler Wheat 2013/14 714.92 891.81 165.90 697.89 193.92 2014/15 (Est.) 725.44 919.36 164.07 704.56 214.80 filler filler filler filler filler 2015/16 (Proj.) Mar 732.32 946.96 162.73 709.37 237.59 2015/16 (Proj.) Apr 733.14 947.94 163.13 708.69 239.26 filler filler filler filler filler Coarse Grains 5/ 2013/14 1279.70 1443.86 164.41 1232.50 211.36 2014/15 (Est.) 1303.41 1514.77 185.65 1271.09 243.68 filler filler filler filler filler 2015/16 (Proj.) Mar 1263.56 1504.71 160.69 1261.63 243.08 2015/16 (Proj.) Apr 1261.34 1505.01 164.22 1259.90 245.12 filler filler filler filler filler Rice, milled 2013/14 478.42 588.98 42.23 481.61 107.37 2014/15 (Est.) 478.80 586.16 43.98 482.54 103.62 filler filler filler filler filler 2015/16 (Proj.) Mar 471.09 574.75 41.66 484.23 90.51 2015/16 (Proj.) Apr 470.63 574.25 41.61 484.08 90.17 filler filler filler filler filler United States Outpu tTotal Supply Trade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2013/14 431.31 484.21 89.49 343.31 51.40 2014/15 (Est.) 439.49 499.16 83.13 347.06 68.98 filler filler filler filler filler 2015/16 (Proj.) Mar 428.85 505.55 74.77 351.77 79.01 2015/16 (Proj.) Apr 428.85 505.54 74.52 351.04 79.98 filler filler filler filler filler Wheat 2013/14 58.11 82.35 32.00 34.29 16.07 2014/15 (Est.) 55.15 75.28 23.25 31.55 20.48 filler filler filler filler filler 2015/16 (Proj.) Mar 55.84 79.58 21.09 32.20 26.29 2015/16 (Proj.) Apr 55.84 79.58 21.09 31.93 26.56 filler filler filler filler filler Coarse Grains 5/ 2013/14 367.09 393.85 54.49 305.05 34.31 2014/15 (Est.) 377.23 414.96 56.67 311.35 46.95 filler filler filler filler filler 2015/16 (Proj.) Mar 366.90 417.55 50.51 315.72 51.32 2015/16 (Proj.) Apr 366.90 417.55 50.25 315.26 52.04 filler filler filler filler filler Rice, milled 2013/14 6.12 8.01 3.01 3.98 1.03 2014/15 (Est.) 7.11 8.91 3.21 4.16 1.55 filler filler filler filler filler 2015/16 (Proj.) Mar 6.11 8.42 3.18 3.85 1.39 2015/16 (Proj.) Apr 6.11 8.41 3.18 3.85 1.38 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). April 2016 WASDE - 552 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Outpu tTotal Supply Trade 2 /Total UseEnding Stocks Total Grains 4/ 2013/14 2,041.73 2,440.44 283.05 2,068.69 461.24 2014/15 (Est.) 2,068.16 2,521.13 310.57 2,111.14 493.12 filler filler filler filler filler 2015/16 (Proj.) Mar 2,038.11 2,520.87 290.30 2,103.47 492.17 2015/16 (Proj.) Apr 2,036.26 2,521.67 294.45 2,101.62 494.56 filler filler filler filler filler Wheat 2013/14 656.82 809.45 133.90 663.61 177.85 2014/15 (Est.) 670.29 844.08 140.82 673.00 194.32 filler filler filler filler filler 2015/16 (Proj.) Mar 676.48 867.38 141.64 677.18 211.30 2015/16 (Proj.) Apr 677.30 868.36 142.04 676.75 212.70 filler filler filler filler filler Coarse Grains 5/ 2013/14 912.62 1,050.01 109.92 927.45 177.05 2014/15 (Est.) 926.18 1,099.81 128.99 959.74 196.73 filler filler filler filler filler 2015/16 (Proj.) Mar 896.65 1,087.16 110.18 945.92 191.75 2015/16 (Proj.) Apr 894.43 1,087.46 113.97 944.64 193.08 filler filler filler filler filler Rice, milled 2013/14 472.30 580.97 39.22 477.63 106.34 2014/15 (Est.) 471.69 577.25 40.77 478.39 102.07 filler filler filler filler filler 2015/16 (Proj.) Mar 464.98 566.32 38.48 480.38 89.12 2015/16 (Proj.) Apr 464.52 565.84 38.44 480.23 88.79 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales Outpu tTotal Supply Trade 2 /Total Use 3 /Ending Stocks World 2013/14 120.41 212.07 40.87 109.92 102.86 2014/15 (Est.) 119.07 221.94 35.38 110.20 111.88 filler filler filler filler filler 2015/16 (Proj.) Mar 100.22 212.39 34.90 109.21 103.34 2015/16 (Proj.) Apr 99.80 211.68 34.84 109.59 102.22 filler filler filler filler filler United States 2013/14 12.91 16.72 10.53 3.55 2.35 2014/15 (Est.) 16.32 18.68 11.25 3.58 3.70 filler filler filler filler filler 2015/16 (Proj.) Mar 12.94 16.65 9.50 3.60 3.60 2015/16 (Proj.) Apr 12.87 16.61 9.50 3.60 3.50 filler filler filler filler filler Foreign 4/ 2013/14 107.50 195.34 30.34 106.37 100.51 2014/15 (Est.) 102.75 203.26 24.13 106.63 108.18 filler filler filler filler filler 2015/16 (Proj.) Mar 87.28 195.73 25.40 105.61 99.74 2015/16 (Proj.) Apr 86.93 195.07 25.34 105.99 98.72 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. * Planted area based on March 31 Prospective Plantings. Harvested area based on th e previous 10-year average abandonment by region, with the Southwest estimated at 15 percen t due to favorable moisture. Yield per harveste d acre based on the previous 3-year average by region, with the Southwest ad justed to the 10-year average. April 2016 WASDE - 552 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Outpu tTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2013/14 504.09 571.20 133.51 418.05 77.25 2014/15 (Est.) 536.77 614.01 146.71 438.98 91.70 filler filler filler filler filler 2015/16 (Proj.) Mar 526.88 617.83 149.33 448.81 89.48 2015/16 (Proj.) Apr 526.98 618.68 150.77 448.90 89.37 filler filler filler filler filler Oilmeals 2013/14 282.21 293.95 82.14 276.68 13.44 2014/15 (Est.) 300.01 313.45 85.19 292.88 15.24 filler filler filler filler filler 2015/16 (Proj.) Mar 308.62 323.41 89.13 305.30 14.15 2015/16 (Proj.) Apr 308.79 324.03 89.02 304.60 14.89 filler filler filler filler filler Vegetable Oils 2013/14 171.33 190.59 70.05 167.24 19.86 2014/15 (Est.) 176.73 196.59 76.53 170.82 18.87 filler filler filler filler filler 2015/16 (Proj.) Mar 178.69 197.87 76.20 177.16 16.46 2015/16 (Proj.) Apr 179.55 198.42 76.62 176.94 16.95 filler filler filler filler filler United States Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2013/14 99.02 107.85 45.55 51.46 3.95 2014/15 (Est.) 116.03 121.82 51.14 55.11 6.76 filler filler filler filler filler 2015/16 (Proj.) Mar 116.15 124.25 46.78 54.86 14.44 2015/16 (Proj.) Apr 116.15 124.18 47.18 54.69 14.02 filler filler filler filler filler Oilmeals 2013/14 39.39 43.50 10.77 32.44 0.29 2014/15 (Est.) 43.27 47.42 12.18 34.95 0.29 filler filler filler filler filler 2015/16 (Proj.) Mar 42.39 46.89 10.46 36.10 0.34 2015/16 (Proj.) Apr 42.28 46.79 10.45 36.00 0.34 filler filler filler filler filler Vegetable Oils 2013/14 10.42 15.58 1.12 13.50 0.97 2014/15 (Est.) 10.94 16.13 1.17 13.75 1.21 filler filler filler filler filler 2015/16 (Proj.) Mar 11.11 16.61 1.19 14.01 1.40 2015/16 (Proj.) Apr 11.06 16.59 1.21 14.01 1.38 filler filler filler filler filler Foreign 3/ OutputTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2013/14 405.07 463.35 87.96 366.59 73.30 2014/15 (Est.) 420.74 492.19 95.57 383.88 84.95 filler filler filler filler filler 2015/16 (Proj.) Mar 410.73 493.58 102.55 393.95 75.04 2015/16 (Proj.) Apr 410.83 494.51 103.59 394.22 75.35 filler filler filler filler filler Oilmeals 2013/14 242.82 250.45 71.37 244.24 13.15 2014/15 (Est.) 256.74 266.03 73.01 257.93 14.95 filler filler filler filler filler 2015/16 (Proj.) Mar 266.23 276.52 78.68 269.20 13.81 2015/16 (Proj.) Apr 266.50 277.24 78.57 268.61 14.56 filler filler filler filler filler Vegetable Oils 2013/14 160.91 175.01 68.94 153.74 18.89 2014/15 (Est.) 165.79 180.46 75.36 157.07 17.66 filler filler filler filler filler 2015/16 (Proj.) Mar 167.58 181.26 75.00 163.15 15.06 2015/16 (Proj.) Apr 168.49 181.83 75.41 162.93 15.58 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. April 2016 WASDE - 552 - 11 U.S. Wheat Supply and Use 1/ 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Mar Ap r Million Acres Area Planted 56.2 56.8 54.6 54.6 Area Harvested 45.3 46.4 47.1 47.1 Bushels Yield per Harvested Acre 47.1 43.7 43.6 43.6 Million Bushels Beginning Stocks 718 590 752 752 Production 2,135 2,026 2,052 2,052 Imports 173 149 120 120 Supply, Total 3,026 2,766 2,924 2,924 Food 955 958 967 967 Seed 77 79 66 66 Feed and Residual 228 122 150 140 Domestic, Total 1,260 1,159 1,183 1,173 Exports 1,176 854 775 775 Use, Total 2,436 2,014 1,958 1,948 Ending Stocks 590 752 966 976 Avg. Farm Price ($/bu) 2/ 6.87 5.99 4.90 - 5.10 4.90 - 5.00 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winte rHard Red SpringSoft Red Winte r White Durum Total Millio n Bushel s 2014/15 (Est.) Beginning Stocks 237 169 113 50 22 590 Production 739 556 455 224 54 2,026 Supply, Total 3/ 985 791 581 283 126 2,766 Domestic Use 423 308 294 71 63 1,159 Exports 269 270 133 146 37 854 Use, Total 692 579 427 216 100 2,014 Ending Stocks, Total 294 212 154 67 26 752 2015/16 (Proj.) Beginning Stocks 294 212 154 67 26 752 Production 827 564 359 219 82 2,052 Supply, Total 3/ 1,127 831 532 293 141 2,924 Domestic Use 474 285 234 101 78 1,173 Exports 225 250 120 145 35 775 Use, Total 699 535 354 246 113 1,948 Ending Stocks, Total Apr 427 296 178 47 28 976 Ending Stocks, Total Mar 419 288 170 55 34 966 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing-year weighted average price received by farmers. 3/ Includes imports. April 2016 WASDE - 552 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Mar Ap r Million Acres Area Planted 109.9 103.5 103.1 103.1 Area Harvested 98.1 93.1 93.0 93.0 Metric Tons Yield per Harvested Acre 3.74 4.05 3.94 3.94 Million Metric Tons Beginning Stocks 23.5 34.3 46.9 46.9 Production 366.9 377.1 366.6 366.6 Imports 3.0 3.2 3.5 3.5 Supply, Total 393.4 414.5 417.0 417.0 Feed and Residual 133.5 139.5 140.7 139.0 Food, Seed & Industrial 171.1 171.4 174.5 175.8 Domestic, Total 304.6 310.9 315.2 314.8 Exports 54.5 56.7 50.5 50.2 Use, Total 359.1 367.6 365.7 365.0 Ending Stocks 34.3 46.9 51.3 52.0 CORN 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Marc h April Million Acres Area Planted 95.4 90.6 88.0 88.0 Area Harvested 87.5 83.1 80.7 80.7 Bushels Yield per Harvested Acre 158.1 171.0 168.4 168.4 Million Bushels Beginning Stocks 821 1,232 1,731 1,731 Production 13,829 14,216 13,601 13,601 Imports 36 32 50 50 Supply, Total 14,686 15,479 15,382 15,382 Feed and Residual 5,040 5,324 5,300 5,250 Food, Seed & Industrial 2/ 6,493 6,560 6,595 6,621 Ethanol & by-products 3/ 5,124 5,200 5,225 5,250 Domestic, Total 11,534 11,883 11,895 11,871 Exports 1,920 1,864 1,650 1,650 Use, Total 13,454 13,748 13,545 13,521 Ending Stocks 1,232 1,731 1,837 1,862 Avg. Farm Price ($/bu) 4/ 4.46 3.70 3.40 - 3.80 3.40 - 3.70 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access th e data on the Web through the Feed Grains Database at www.ers.usda.gov/data-products/feed-grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average pr ice received by farmers. April 2016 WASDE - 552 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Mar Ap r Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 8.1 7.1 8.5 8.5 Area Harvested (mil. acres) 6.6 6.4 7.9 7.9 Yield (bushels/acre) 59.6 67.6 76.0 76.0 Beginning Stocks 15 34 18 18 Production 392 433 597 597 Imports 0055 Supply, Total 408 467 620 620 Feed and Residual 93 81 130 115 Food, Seed & Industrial 70 15 100 125 Total Domestic 162 96 230 240 Exports 211 353 325 315 Use, Total 374 449 555 555 Ending Stocks 34 18 65 65 Avg. Farm Price ($/bu) 2/ 4.28 4.03 3.15 - 3.45 3.10 - 3.30 Filler Filler Filler Filler Filler BARLEY 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Marc h April Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.5 3.0 3.6 3.6 Area Harvested (mil. acres) 3.0 2.5 3.1 3.1 Yield (bushels/acre) 71.3 72.7 68.9 68.9 Beginning Stocks 80 82 79 79 Production 217 182 214 214 Imports 19 24 20 20 Supply, Total 316 287 313 313 Feed and Residual 66 43 50 50 Food, Seed & Industrial 153 151 153 152 Total Domestic 219 194 203 202 Exports 14 14 14 14 Use, Total 234 209 217 216 Ending Stocks 82 79 96 97 Avg. Farm Price ($/bu) 2/ 6.06 5.30 5.35 - 5.65 5.40 - 5.60 Filler Filler Filler Filler Filler OATS 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Marc h April Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.0 2.8 3.1 3.1 Area Harvested (mil. acres) 1.0 1.0 1.3 1.3 Yield (bushels/acre) 64.1 67.9 70.2 70.2 Beginning Stocks 36 25 54 54 Production 65 70 90 90 Imports 97 107 95 95 Supply, Total 198 202 238 238 Feed and Residual 98 70 100 95 Food, Seed & Industrial 73 77 77 76 Total Domestic 172 147 177 171 Exports 2222 Use, Total 173 149 179 173 Ending Stocks 25 54 59 65 Avg. Farm Price ($/bu) 2/ 3.75 3.21 2.10 - 2.20 2.10 - 2.20 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. April 2016 WASDE - 552 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Mar Ap r Million Acres Area Planted 2.49 2.95 2.61 2.61 Area Harvested 2.47 2.93 2.58 2.58 Filler Pounds Yield per Harvested Acre 7,694 7,576 7,470 7,470 Million Hundredweight Beginning Stocks 2/ 36.4 31.8 48.5 48.5 Production 190.0 222.2 192.3 192.3 Imports 23.1 24.7 24.0 23.5 Supply, Total 249.5 278.7 264.9 264.4 Domestic & Residual 3/ 124.4 129.9 121.0 121.0 Exports, Total 4/ 93.3 100.3 100.0 100.0 Rough 28.0 34.0 33.0 33.0 Milled (rough equiv.) 65.3 66.3 67.0 67.0 Use, Total 217.7 230.2 221.0 221.0 Ending Stocks 31.8 48.5 43.9 43.4 Avg. Milling Yield (%) 5/ 71.00 70.50 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 16.30 13.40 12.40 - 13.20 12.30 - 12.70 Total LONG-GRAIN RICE 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Marc h April Harvested Acres (mil.) 1.77 2.20 1.84 1.84 Yield (pounds/acre) 7,464 7,407 7,218 7,218 Beginning Stocks 21.9 16.2 26.5 26.5 Production 131.9 162.7 133.0 133.0 Supply, Total 7/ 173.3 200.0 180.0 179.5 Domestic & Residual 3/ 95.3 102.7 88.0 88.0 Exports 8/ 61.9 70.8 69.0 69.0 Use, Total 157.1 173.5 157.0 157.0 Ending Stocks 16.2 26.5 23.0 22.5 Avg. Farm Price ($/cwt) 6/ 15.40 11.90 11.00 - 11.60 10.80 - 11.20 Filler Filler Filler Filler Filler MEDIUM & SHORT-GRAIN RICE 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Marc h April Harvested Acres (mil.) 0.70 0.74 0.73 0.73 Yield (pounds/acre) 8,270 8,080 8,103 8,103 Beginning Stocks 12.2 13.3 20.2 20.2 Production 58.1 59.6 59.3 59.3 Supply, Total 7/ 73.8 76.8 83.0 83.0 Domestic & Residual 3/ 29.1 27.1 33.0 33.0 Exports 8/ 31.4 29.5 31.0 31.0 Use, Total 60.5 56.7 64.0 64.0 Ending Stocks 13.3 20.2 19.0 19.0 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 19.20 18.30 16.00 - 16.80 15.70 - 16.30 California 10/ 20.70 21.60 18.50 - 19.50 18.20 - 18.80 Other States 1/ 15.70 14.40 11.40 - 12.00 11.20 - 11.80 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of bro ken kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2013/14-2.1; 2014/15-2.3; 2015/16-1.9. 3/ Residual include s unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and en ding stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. The 2013/14 and 2014/15 milling yield is based on the Farm Service Agency (FSA) warehouse stored loan data for long, medium, and short grain rice. The 2015/16 milling yield is calculated using the previous five-year Olympic average-- 2010/11-2014/15. 6/ Marketing-year weighted average price r eceived by farmers. 7/ Includes imports. 8/ Expor ts by type of rice are estimated. 9 / The medium/short-grain season- average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not fin al until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP fo recast and the final price has av eraged $1.65 per cwt from 2008/09 -2013/14, with a high of $3.5 0 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. April 2016 WASDE - 552 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Mar Apr Filler Filler Filler Filler Filler Million Acres Area Planted 76.8 83.3 82.7 82.7 Area Harvested 76.3 82.6 81.8 81.8 Filler Bushels Yield per Harvested Acre 44.0 47.5 48.0 48.0 Million Bushels Beginning Stocks 141 92 191 191 Production 3,358 3,927 3,929 3,929 Imports 72 33 30 30 Supply, Total 3,570 4,052 4,150 4,150 Crushings 1,734 1,873 1,870 1,870 Exports 1,638 1,843 1,690 1,705 Seed 97 96 96 95 Residual 10 49 34 34 Use, Total 3,478 3,862 3,690 3,705 Ending Stocks 92 191 460 445 Avg. Farm Price ($/bu) 2/ 13.00 10.10 8.25 - 9.25 8.50 - 9.00 Total SOYBEAN OIL 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Marc h April Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,655 1,165 1,855 1,855 Production 4/ 20,130 21,399 21,730 21,730 Imports 165 264 300 300 Supply, Total 21,950 22,828 23,885 23,885 Domestic Disappearance 18,908 18,959 19,600 19,600 Biodiesel 3/ 5,010 5,037 5,500 5,500 Food, Feed & other Industrial 13,898 13,923 14,100 14,100 Exports 1,877 2,014 2,100 2,100 Use, Total 20,785 20,973 21,700 21,700 Ending stocks 1,165 1,855 2,185 2,185 Avg. Price (c/lb) 2/ 38.23 31.60 28.50 - 31.50 29.00 - 31.00 Total SOYBEAN MEAL 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Marc h April Filler 1 2 3 4 Thousand Shor t Tons Beginning Stocks 275 250 260 260 Production 4/ 40,685 45,062 44,165 44,165 Imports 383 333 375 375 Supply, Total 41,343 45,645 44,800 44,800 Domestic Disappearance 29,547 32,235 33,300 33,300 Exports 11,546 13,150 11,200 11,200 Use, Total 41,093 45,384 44,500 44,500 Ending Stocks 250 260 300 300 Avg. Price ($/s.t.) 2/ 489.94 368.49 270.00 - 300.00 275.00 - 295.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by f armers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodi esel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 1,903 millio n bushels for 2014/15 and 1,870 million bushels for 2015/16. April 2016 WASDE - 552 - 16 U.S. Sugar Supply and Use 1/ 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Mar Ap r Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 2,158 1,810 1,809 1,809 Production 2/ 8,462 8,649 8,827 8,792 Beet Sugar 4,794 4,893 5,016 4,998 Cane Sugar 3,667 3,756 3,811 3,794 Florida 1,763 1,975 2,108 2,091 Hawaii 168 146 165 165 Louisiana 1,591 1,513 1,423 1,423 Texas 145 123 115 115 Imports 3,742 3,553 3,200 3,209 TRQ 3/ 1,302 1,536 1,586 1,595 Other Program 4/ 305 471 300 300 Other 5/ 2,135 1,546 1,314 1,314 Mexico 2,130 1,532 1,299 1,299 Total Supply 14,361 14,012 13,836 13,809 Exports 306 185 100 100 Deliveries 12,246 12,019 12,090 12,090 Food 6/ 11,819 11,888 11,955 11,955 Other 7/ 427 131 135 135 Miscellaneous 0000 Total Use 12,552 12,204 12,190 12,190 Ending Stocks 1,810 1,809 1,646 1,619 Stocks to Use Ratio 14.4 14.8 13.5 13.3 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2014/15 and 2015/16 are based on Crop Production and processor projections where appropriate. 3/ For 2015/16, WTO raw sugar TRQ shortfall (28). For 2014/15, WTO raw sugar TRQ shortfall (69). 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ For 2013/14, other high-tier (5) and other (0). For 2014/15, other high-tier (15) and other (0). For 2015/16, other high-tier (15) and other (0). 6/Combines SMD deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar-containing products for reexport, and for nonedible alcohol, feed, and ethanol. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2014/15 Est. Mar 831 5,985 128 4,691 1,442 811 2014/15 Est. Apr 831 5,985 128 4,691 1,442 811 2015/16 Proj. Mar 811 6,056 70 4,681 1,122 1,134 2015/16 Proj. Apr 811 6,056 70 4,656 1,121 1,160 1/ HFCS imports by Mexico (1,000 metric tons, dry basis): Oct-Sep 2014/15 = 979; Oct-Feb 2014/15 = 368, Oct-Feb 2015/16 = 348 . Footnote source: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes domestic consumption, Mexico's products export program (IMMEX), and any residual statistical discrepancies. IMMEX: 2014/15 (337 est), 2015/16 (337 proj). Statistical Adjustment: 2014/15 (-54), 2015/16 (0). April 2016 WASDE - 552 - 17 U.S. Cotton Supply and Use 1/ 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Mar Apr Filler Filler Filler Filler Filler Area Million Acres Planted 10.41 11.04 8.58 8.58 Harvested 7.54 9.35 8.06 8.06 Filler Pounds Yield per Harvested Acre 821 838 771 767 Million 480 Pound Bales Beginning Stocks 3.80 2.35 3.70 3.70 Production 12.91 16.32 12.94 12.87 Imports 0.01 0.01 0.01 0.04 Supply, Total 16.72 18.68 16.65 16.61 Domestic Use 3.55 3.58 3.60 3.60 Exports, Total 10.53 11.25 9.50 9.50 Use, Total 14.08 14.82 13.10 13.10 Unaccounted 2/ 0.29 0.16 -0.05 0.01 Ending Stocks 2.35 3.70 3.60 3.50 Avg. Farm Price 3/ 77.9 61.3 58.00 - 60.00 58.00 - 59.00 Total Note: Reliability calculations at end of report. 1/ Upland and ex tra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. April 2016 WASDE - 552 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 176.88 714.92 158.35 126.54 697.89 165.90 193.92 United States 19.54 58.11 4.71 6.20 34.29 32.00 16.07 Total Foreign 157.35 656.82 153.64 120.35 663.61 133.90 177.85 Major Exporters 4/ 20.77 217.92 4.59 56.92 139.72 76.17 27.39 Argentina 0 . 2 9 1 0 . 5 00 . 0 00 . 1 06 . 0 52 . 2 52 . 4 9 Australia 4.66 25.30 0.16 3.60 6.95 18.62 4.56 Canada 5.11 37.53 0.46 4.22 9.42 23.27 10.41 European Union 5/ 10.71 144.59 3.98 49.00 117.30 32.03 9.94 Major Importers 6/ 83.31 194.24 87.32 28.45 259.66 5.17 100.05 Brazil 1.00 5.30 7.07 0.60 11.40 0.08 1.89 China 53.96 121.93 6.77 16.00 116.50 0.89 65.27 Sel. Mideast 7/ 9.00 18.96 20.73 4.92 36.07 0.50 12.11 N. Africa 8/ 11.70 19.66 25.22 2.68 42.43 0.47 13.68 Pakistan 2.44 24.21 0.39 0.60 24.10 0.75 2.19 Southeast Asia 9/ 3.69 0.00 16.39 2.46 15.76 0.89 3.43 Selected Other India 24.20 93.51 0.03 4.80 93.85 6.05 17.83 FSU-12 14.27 103.89 7.47 22.65 72.75 37.19 15.69 Russia 4.93 52.09 0.86 12.50 34.10 18.61 5.18 Kazakhstan 2 . 9 4 1 3 . 9 40 . 0 12 . 0 06 . 8 08 . 1 01 . 9 9 Ukraine 2.58 22.28 0.07 3.40 11.50 9.76 3.67 2014/15 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 193.92 725.44 158.78 130.94 704.56 164.07 214.80 United States 16.07 55.15 4.07 3.33 31.55 23.25 20.48 Total Foreign 177.85 670.29 154.71 127.62 673.01 140.82 194.32 Major Exporters 4/ 27.39 221.82 6.67 61.91 146.19 81.42 28.28 Argentina 2 . 4 9 1 2 . 5 00 . 0 40 . 3 06 . 3 55 . 3 03 . 3 7 Australia 4.56 23.08 0.16 3.80 7.20 16.59 4.00 Canada 10.41 29.42 0.50 3.81 9.14 24.11 7.08 European Union 5/ 9.94 156.83 5.98 54.00 123.50 35.42 13.83 Major Importers 6/ 100.05 197.40 84.70 29.88 262.21 7.64 112.30 Brazil 1.89 6.00 5.37 0.30 10.70 1.69 0.87 China 65.27 126.21 1.93 16.00 116.50 0.80 76.11 Sel. Mideast 7/ 12.11 17.66 21.26 4.45 36.10 1.52 13.41 N. Africa 8/ 13.68 17.01 25.19 2.48 42.65 0.61 12.63 Pakistan 2.19 25.98 0.74 1.00 24.50 0.70 3.71 Southeast Asia 9/ 3.43 0.00 19.85 4.76 18.52 0.95 3.82 Selected Other India 17.83 95.85 0.05 4.50 93.13 3.41 17.19 FSU-12 15.69 112.74 7.68 24.65 75.86 40.19 20.05 Russia 5.18 59.08 0.33 13.00 35.50 22.80 6.29 Kazakhstan 1 . 9 9 1 3 . 0 00 . 6 02 . 0 06 . 8 05 . 5 43 . 2 5 Ukraine 3.67 24.75 0.03 4.00 12.00 11.27 5.18 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, Ch ina, Japan, Mexico, N. Africa, Pa kistan, selected Middle East, and S outheast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeri a, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2016 WASDE - 552 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Mar 214.65 732.32 160.34 133.49 709.37 162.73 237.59 Apr 214.80 733.14 160.54 132.92 708.69 163.13 239.26 United States Mar 20.48 55.84 3.27 4.08 32.20 21.09 26.29 Apr 20.48 55.84 3.27 3.81 31.93 21.09 26.56 Total Foreign Mar 194.17 676.48 157.08 129.41 677.18 141.64 211.30 Apr 194.32 677.30 157.28 129.11 676.75 142.04 212.70 Major Exporters 4/ Mar 28.12 221.56 6.97 64.70 148.13 78.50 30.02 Apr 28.28 223.40 6.97 66.70 151.18 78.50 28.97 Argentina Mar 3.37 11.00 0.03 0.30 6.35 7.00 1.05 Apr 3.37 11.30 0.03 0.30 6.35 7.50 0.85 Australia Mar 3.98 24.50 0.15 3.80 7.23 17.00 4.41 Apr 4.00 24.50 0.15 3.80 7.23 17.00 4.43 Canada Mar 7.11 27.60 0.49 3.60 8.80 22.00 4.39 Apr 7.08 27.60 0.49 3.60 8.80 22.00 4.36 European Union 5/ Mar 13.65 158.46 6.30 57.00 125.75 32.50 20.16 Apr 13.83 160.00 6.30 59.00 128.80 32.00 19.33 Major Importers 6/ Mar 112.07 203.82 84.27 26.62 263.12 7.01 130.04 Apr 112.30 203.33 84.47 24.62 260.52 6.61 132.97 Brazil Mar 0.87 5.54 6.50 0.60 10.60 1.30 1.01 Apr 0.87 5.54 6.00 0.30 10.20 1.30 0.91 China Mar 76.11 130.19 2.50 12.00 114.00 1.00 93.80 Apr 76.11 130.19 3.00 10.50 112.00 1.00 96.30 Sel. Mideast 7/ Mar 13.03 17.86 19.85 4.55 37.22 0.83 12.68 Apr 13.41 17.83 19.35 4.55 37.22 0.53 12.84 N. Africa 8/ Mar 12.35 20.00 25.10 2.28 43.73 0.85 12.87 Apr 12.63 19.91 25.50 2.28 43.73 0.85 13.46 Pakistan Mar 3.74 25.48 0.10 1.00 24.60 0.70 4.02 Apr 3.71 25.10 0.10 0.80 24.40 0.60 3.91 Southeast Asia 9/ Mar 3.98 0.00 20.13 5.29 19.58 0.96 3.57 Apr 3.82 0.00 20.43 5.29 19.58 0.96 3.71 Selected Other India Mar 17.20 86.53 0.50 4.20 90.03 1.00 13.20 Apr 17.19 86.53 0.50 4.20 90.03 1.00 13.19 FSU-12 Mar 20.01 117.53 7.69 25.83 78.11 45.86 21.27 Apr 20.05 117.60 7.69 25.83 78.11 46.36 20.87 Russia Mar 6.28 61.00 0.70 14.00 37.00 23.00 7.98 Apr 6.29 61.04 0.70 14.00 37.00 23.00 8.03 Kazakhstan Mar 3.25 13.75 0.08 2.10 6.90 6.50 3.67 Apr 3.25 13.75 0.08 2.10 6.90 7.00 3.17 Ukraine Mar 5.18 27.25 0.05 4.50 12.50 15.50 4.48 Apr 5.18 27.27 0.05 4.50 12.50 15.50 4.50 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, Ch ina, Japan, Mexico, N. Africa, Pa kistan, selected Middle East, and S outheast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeri a, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2016 WASDE - 552 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 164.16 1,279.70 156.20 733.91 1,232.50 164.41 211.36 United States 23.53 367.09 3.23 133.69 305.05 54.49 34.31 Total Foreign 140.63 912.62 152.97 600.23 927.45 109.92 177.05 Major Exporters 4/ 16.74 174.69 1.81 81.23 111.25 56.45 25.54 Argentina 2.47 35.67 0.00 8.84 13.70 21.27 3.17 Australia 0.85 12.16 0.00 3.36 5.04 6.92 1.05 Brazil 9.56 82.60 1.11 48.28 58.03 20.98 14.26 Canada 3.02 28.75 0.54 15.14 22.37 5.29 4.65 Major Importers 5/ 34.12 249.57 113.03 259.85 341.51 10.98 44.24 European Union 6/ 13.06 158.92 16.27 122.36 164.11 8.63 15.50 Japan 1.63 0.19 17.50 13.61 17.57 0.00 1.75 Mexico 1.63 32.02 11.32 23.62 40.89 0.50 3.58 N. Afr & Mideast 7/ 9.94 31.00 30.66 50.37 57.93 0.30 13.36 Saudi Arabia 3.39 0.36 11.69 11.13 11.55 0.00 3.89 Southeast Asia 8/ 2.83 26.84 10.74 26.86 34.96 1.54 3.90 South Korea 1.29 0.19 10.50 7.80 10.11 0.00 1.87 Selected Other China 68.38 225.41 12.45 157.78 223.55 0.03 82.65 FSU-12 5.04 87.76 0.78 40.03 55.69 30.80 7.09 Russia 1.38 35.74 0.26 18.90 28.62 6.98 1.77 Ukraine 2.33 40.02 0.08 12.27 15.98 22.77 3.69 2014/15 Est. Beginning Stocks Productio n ImportsDomestic FeedDomesti c Total 2 / ExportsEnding Stocks World 3/ 211.36 1,303.41 168.48 750.17 1,271.09 185.65 243.68 United States 34.31 377.23 3.42 139.69 311.35 56.67 46.95 Total Foreign 177.05 926.18 165.07 610.48 959.74 128.99 196.73 Major Exporters 4/ 25.54 168.09 4.84 82.27 112.64 67.53 18.30 Argentina 3.17 35.73 0.01 9.07 14.23 21.39 3.29 Australia 1.05 11.65 0.00 2.99 4.66 7.19 0.85 Brazil 14.26 87.60 0.88 50.20 60.00 34.51 8.24 Canada 4.65 21.99 1.71 13.81 21.29 3.72 3.34 Major Importers 5/ 44.24 257.45 108.13 262.82 344.85 15.96 49.01 European Union 6/ 15.50 170.48 8.97 121.48 162.87 13.99 18.09 Japan 1.75 0.17 16.73 12.94 16.93 0.00 1.71 Mexico 3.58 32.39 11.55 24.40 41.93 0.79 4.81 N. Afr & Mideast 7/ 13.36 26.87 34.02 51.63 59.58 0.10 14.58 Saudi Arabia 3.89 0.36 11.26 11.15 11.63 0.00 3.88 Southeast Asia 8/ 3.90 26.86 11.41 29.29 37.30 1.07 3.80 South Korea 1.87 0.24 10.25 8.08 10.47 0.00 1.89 Selected Other China 82.65 222.75 25.70 158.80 229.06 0.02 102.02 FSU-12 7.09 91.60 0.82 41.90 57.93 33.87 7.71 Russia 1.77 40.39 0.09 20.88 31.14 8.67 2.44 Ukraine 3.69 39.39 0.03 11.62 15.23 24.33 3.54 1/ Aggregate of local marketing years. Co arse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing year s, grain in transit, and reportin g discrepancies in some countr ies. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Malays ia, Philippines, Th ailand, and Vietnam. April 2016 WASDE - 552 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Mar 241.15 1,263.56 166.92 762.70 1,261.63 160.69 243.08 Apr 243.68 1,261.34 168.70 762.04 1,259.90 164.22 245.12 United States Mar 46.95 366.90 3.70 140.96 315.72 50.51 51.32 Apr 46.95 366.90 3.70 139.24 315.26 50.25 52.04 Total Foreign Mar 194.21 896.65 163.22 621.74 945.92 110.18 191.75 Apr 196.73 894.43 165.00 622.80 944.64 113.97 193.08 Major Exporters 4/ Mar 17.34 167.04 5.69 83.85 114.23 60.44 15.40 Apr 18.30 168.41 5.83 83.76 114.01 62.54 16.00 Argentina Mar 2.12 35.07 0.01 9.22 14.58 20.11 2.51 Apr 3.29 36.53 0.01 9.17 14.33 22.51 2.99 Australia Mar 0.86 12.68 0.00 3.44 5.12 7.43 1.00 Apr 0.85 12.58 0.00 3.39 5.07 7.18 1.19 Brazil Mar 8.25 86.61 1.00 51.14 60.94 28.04 6.89 Apr 8.24 86.61 1.00 51.14 60.94 28.04 6.88 Canada Mar 3.34 25.66 1.06 14.45 21.95 4.05 4.06 Apr 3.34 25.66 1.13 14.45 21.95 4.10 4.07 Major Importers 5/ Mar 48.20 243.37 112.95 266.65 349.87 12.22 42.43 Apr 49.01 242.79 114.91 266.73 348.89 13.08 44.74 European Union 6/ Mar 18.00 150.98 16.46 119.61 161.51 10.09 13.84 Apr 18.09 150.73 15.48 117.50 158.80 10.99 14.52 Japan Mar 0.91 0.18 17.03 12.47 17.11 0.00 1.01 Apr 1.71 0.18 16.72 12.86 16.85 0.00 1.76 Mexico Mar 4.81 30.78 12.25 25.22 42.82 1.00 4.02 Apr 4.81 30.38 12.95 25.32 42.92 1.00 4.22 N. Afr & Mideast 7/ Mar 14.66 33.18 29.89 54.97 62.98 0.27 14.48 Apr 14.58 33.29 29.94 54.82 62.83 0.27 14.71 Saudi Arabia Mar 3.88 0.25 12.03 11.75 12.15 0.00 4.00 Apr 3.88 0.24 12.53 12.25 12.65 0.00 3.99 Southeast Asia 8/ Mar 3.80 27.71 11.02 30.56 38.67 0.87 3.00 Apr 3.80 27.69 13.02 31.91 40.22 0.83 3.47 South Korea Mar 1.90 0.19 10.09 8.04 10.32 0.00 1.86 Apr 1.89 0.19 10.09 8.04 10.32 0.00 1.85 Selected Other China Mar 102.02 231.58 17.25 165.63 237.98 0.08 112.80 Apr 102.02 231.58 17.00 167.38 239.73 0.08 110.80 FSU-12 Mar 7.70 82.26 0.82 40.73 56.07 28.65 6.06 Apr 7.71 82.51 0.82 40.43 55.72 29.62 5.70 Russia Mar 2.47 37.32 0.16 20.87 30.42 7.60 1.92 Apr 2.44 37.43 0.16 20.65 30.14 8.17 1.71 Ukraine Mar 3.54 33.25 0.06 10.43 14.00 20.19 2.65 Apr 3.54 33.39 0.06 10.45 14.03 20.32 2.64 1/ Aggregate of local marketing years. Co arse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing year s, grain in transit, and reportin g discrepancies in some countr ies. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Malays ia, Philippines, Th ailand, and Vietnam. April 2016 WASDE - 552 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 133.41 990.47 123.95 571.08 948.85 131.10 175.03 United States 20.86 351.27 0.91 128.02 292.97 48.78 31.29 Total Foreign 112.55 639.20 123.04 443.06 655.89 82.32 143.74 Major Exporters 4/ 11.12 120.93 0.86 57.30 75.30 40.03 17.58 Argentina 1.31 26.00 0.00 5.80 8.80 17.10 1.41 Brazil 9.15 80.00 0.79 46.00 55.00 20.97 13.97 South Africa 0.66 14.93 0.07 5.50 11.50 1.96 2.20 Major Importers 5/ 12.90 120.24 76.07 134.16 185.42 4.44 19.35 Egypt 1.08 5.80 8.73 11.00 13.20 0.00 2.40 European Union 6/ 5.15 64.64 15.95 58.00 76.50 2.41 6.83 Japan 1.17 0.00 15.12 11.40 15.00 0.00 1.30 Mexico 1.06 22.88 10.95 15.20 31.70 0.50 2.69 Southeast Asia 7/ 2.82 26.78 10.72 26.80 34.90 1.53 3.89 South Korea 1.27 0.08 10.41 7.76 9.89 0.00 1.86 Selected Other 0.00 Canada 1.55 14.19 0.51 7.52 12.70 1.95 1.60 China 67.57 218.49 3.28 150.00 208.00 0.02 81.32 FSU-12 2.00 46.92 0.44 18.36 21.13 24.81 3.42 Ukraine 1.19 30.90 0.07 8.30 9.70 20.00 2.45 2014/15 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 175.03 1,012.84 123.47 583.83 980.29 141.67 207.58 United States 31.29 361.09 0.80 135.23 301.85 47.36 43.97 Total Foreign 143.74 651.75 122.67 448.60 678.44 94.31 163.60 Major Exporters 4/ 17.58 124.33 2.41 60.10 78.10 54.06 12.15 Argentina 1.41 28.70 0.01 6.00 9.30 18.90 1.91 Brazil 13.97 85.00 0.40 48.00 57.00 34.46 7.91 South Africa 2.20 10.63 2.00 6.10 11.80 0.70 2.33 Major Importers 5/ 19.35 133.91 67.75 140.74 192.03 5.89 23.09 Egypt 2.40 5.96 7.83 11.50 13.90 0.01 2.27 European Union 6/ 6.83 75.50 8.65 59.50 77.60 4.03 9.35 Japan 1.30 0.00 14.66 11.00 14.60 0.00 1.35 Mexico 2.69 25.48 11.27 17.70 34.45 0.78 4.21 Southeast Asia 7/ 3.89 26.81 11.36 29.20 37.20 1.07 3.79 South Korea 1.86 0.08 10.17 8.04 10.25 0.00 1.86 Selected Other 0.00 Canada 1.60 11.49 1.56 7.43 12.82 0.42 1.40 China 81.32 215.65 5.52 140.00 202.00 0.01 100.46 FSU-12 3.42 43.80 0.49 18.74 21.46 23.18 3.07 Ukraine 2.45 28.45 0.03 8.00 9.40 19.66 1.87 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Braz il, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade ex cludes intra-trade. 7/ Indo nesia, Malaysia, Philippines, Thailand, and Vietnam. April 2016 WASDE - 552 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Mar 205.11 969.64 128.90 596.95 967.78 119.73 206.97 Apr 207.58 972.13 129.96 598.40 970.80 122.34 208.91 United States Mar 43.97 345.49 1.27 134.63 302.15 41.91 46.67 Apr 43.97 345.49 1.27 133.36 301.53 41.91 47.29 Total Foreign Mar 161.14 624.15 127.63 462.33 665.63 77.82 160.30 Apr 163.60 626.65 128.69 465.04 669.26 80.43 161.63 Major Exporters 4/ Mar 11.23 117.50 4.11 60.50 78.50 45.80 8.54 Apr 12.15 118.50 4.11 60.50 78.30 47.70 8.75 Argentina Mar 0.81 27.00 0.01 6.00 9.50 17.00 1.32 Apr 1.91 28.00 0.01 6.00 9.30 19.00 1.62 Brazil Mar 7.92 84.00 0.60 49.00 58.00 28.00 6.52 Apr 7.91 84.00 0.60 49.00 58.00 28.00 6.51 South Africa Mar 2.50 6.50 3.50 5.50 11.00 0.80 0.70 Apr 2.33 6.50 3.50 5.50 11.00 0.70 0.63 Major Importers 5/ Mar 22.24 115.09 75.30 140.40 192.83 2.97 16.84 Apr 23.09 115.28 77.05 141.65 193.08 3.23 19.11 Egypt Mar 2.27 6.00 8.00 12.10 14.50 0.01 1.76 Apr 2.27 6.00 8.25 12.10 14.50 0.01 2.01 European Union 6/ Mar 9.35 57.75 16.00 57.50 76.00 1.10 6.00 Apr 9.35 57.47 15.00 56.00 74.00 1.40 6.41 Japan Mar 0.50 0.00 14.70 10.40 14.70 0.00 0.50 Apr 1.35 0.00 14.70 11.00 14.60 0.00 1.45 Mexico Mar 4.21 23.50 11.50 17.90 34.70 1.00 3.51 Apr 4.21 24.00 12.00 18.70 35.50 1.00 3.71 Southeast Asia 7/ Mar 3.79 27.66 11.00 30.50 38.60 0.86 2.99 Apr 3.79 27.64 13.00 31.85 40.15 0.82 3.46 South Korea Mar 1.86 0.08 10.00 8.00 10.10 0.00 1.84 Apr 1.86 0.08 10.00 8.00 10.10 0.00 1.84 Selected Other Canada Mar 1.40 13.60 1.00 8.00 13.40 1.00 1.60 Apr 1.40 13.60 1.00 8.00 13.40 1.00 1.60 China Mar 100.46 224.58 2.50 152.00 216.00 0.05 111.49 Apr 100.46 224.58 2.50 154.00 218.00 0.05 109.49 FSU-12 Mar 3.06 39.94 0.49 18.66 21.53 19.50 2.47 Apr 3.07 40.15 0.50 18.46 21.23 20.05 2.44 Ukraine Mar 1.87 23.30 0.05 7.00 8.40 15.50 1.32 Apr 1.87 23.33 0.05 7.00 8.40 15.70 1.15 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Tr ade excludes intra-trade. 7/ Indonesi a, Malaysia, Philippines, Thailand, and Vietnam. April 2016 WASDE - 552 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2013/14 Beginning StocksProductio n Imports Total /2 DomesticExports Ending Stocks World 3/ 110.56 478.42 38.40 481.61 42.23 107.37 United States 1.16 6.12 0.73 3.98 3.01 1.03 Total Foreign 109.41 472.30 37.66 477.63 39.22 106.34 Major Exporters 4/ 39.41 162.07 0.63 134.19 31.11 36.81 India 25.44 106.65 0.00 98.71 10.62 22.76 Pakistan 0.30 6.80 0.03 2.60 3.20 1.33 Thailand 12.81 20.46 0.30 10.88 10.97 11.72 Vietnam 0.86 28.16 0.30 22.00 6.33 1.00 Major Importers 5/ 12.51 64.32 12.42 76.99 1.10 11.15 Brazil 0.53 8.30 0.53 7.90 0.82 0.64 European Union 6/ 1.19 1.94 1.53 3.25 0.24 1.16 Indonesia 6.48 36.30 1.23 38.50 0.00 5.50 Nigeria 0.89 2.77 2.80 5.80 0.00 0.66 Philippines 1.49 11.86 1.20 12.85 0.00 1.70 Sel. Mideast 7/ 1.50 1.95 3.96 6.12 0.00 1.29 Selected Other 0.00 Burma 0.55 11.96 0.00 10.45 1.69 0.37 C. Amer & Carib 8/ 0.48 1.78 1.41 3.19 0.01 0.47 China 46.83 142.53 4.00 146.30 0.26 46.80 Egypt 0.43 4.75 0.03 4.00 0.60 0.60 Japan 2.86 7.93 0.66 8.38 0.06 3.01 Mexico 0.19 0.13 0.69 0.86 0.00 0.15 South Korea 0.78 4.23 0.31 4.42 0.00 0.90 2014/15 Est. Beginning Stocks Productio n ImportsTotal / 2 Domesti c ExportsEndin g Stock s World 3/ 107.37 478.80 41.06 482.54 43.98 103.62 United States 1.03 7.11 0.78 4.16 3.21 1.55 Total Foreign 106.34 471.69 40.28 478.39 40.77 102.07 Major Exporters 4/ 36.81 159.30 0.73 133.83 32.62 30.38 India 22.76 105.48 0.00 98.23 12.24 17.77 Pakistan 1.33 6.90 0.03 2.70 4.00 1.56 Thailand 11.72 18.75 0.30 10.90 9.78 10.10 Vietnam 1.00 28.17 0.40 22.00 6.61 0.96 Major Importers 5/ 11.15 64.06 14.13 77.30 1.21 10.84 Brazil 0.64 8.47 0.37 7.93 0.91 0.64 European Union 6/ 1.16 1.96 1.70 3.32 0.27 1.24 Indonesia 5.50 35.56 1.20 38.30 0.00 3.96 Nigeria 0.66 2.84 3.50 5.80 0.00 1.19 Philippines 1.70 11.92 1.80 13.20 0.00 2.21 Sel. Mideast 7/ 1.29 1.98 3.93 6.08 0.00 1.12 Selected Other 0.00 Burma 0.37 12.60 0.00 10.65 1.75 0.57 C. Amer & Carib 8/ 0.47 1.81 1.62 3.38 0.01 0.51 China 46.80 144.56 4.70 148.00 0.43 47.64 Egypt 0.60 4.53 0.03 4.00 0.25 0.92 Japan 3.01 7.85 0.64 8.60 0.07 2.82 Mexico 0.15 0.18 0.69 0.86 0.00 0.15 South Korea 0.90 4.24 0.47 4.42 0.00 1.19 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to re flect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ Worl d imports and exports may not ba lance due to differences in so me countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Braz il, Indonesia, Hong K ong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Ir aq, and Saudi Arabia. 8/ Centra l American and Caribbean countri es. April 2016 WASDE - 552 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ Mar 103.65 471.09 40.02 484.23 41.66 90.51 Apr 103.62 470.63 39.60 484.08 41.61 90.17 United States Mar 1.55 6.11 0.76 3.85 3.18 1.39 Apr 1.55 6.11 0.75 3.85 3.18 1.38 Total Foreign Mar 102.10 464.98 39.26 480.38 38.48 89.12 Apr 102.07 464.52 38.85 480.23 38.44 88.79 Major Exporters 4/ Mar 30.25 154.00 0.72 134.80 30.20 19.97 Apr 30.38 153.60 0.72 134.15 30.40 20.15 India Mar 17.77 103.00 0.00 98.90 8.60 13.27 Apr 17.77 103.00 0.00 98.50 9.00 13.27 Pakistan Mar 1.56 6.90 0.02 2.80 4.60 1.08 Apr 1.56 6.70 0.02 2.80 4.40 1.08 Thailand Mar 10.00 15.90 0.30 11.20 10.00 5.00 Apr 10.10 15.80 0.30 11.00 10.00 5.20 Vietnam Mar 0.93 28.20 0.40 21.90 7.00 0.63 Apr 0.96 28.10 0.40 21.85 7.00 0.61 Major Importers 5/ Mar 10.83 62.71 13.94 77.19 1.16 9.13 Apr 10.84 62.31 14.09 77.19 1.08 8.96 Brazil Mar 0.69 7.91 0.70 7.94 0.83 0.53 Apr 0.64 7.60 0.80 7.84 0.75 0.45 European Union 6/ Mar 1.23 2.01 1.50 3.28 0.28 1.18 Apr 1.24 2.06 1.60 3.38 0.28 1.23 Indonesia Mar 3.96 35.30 2.00 38.10 0.00 3.16 Apr 3.96 35.30 2.00 38.10 0.00 3.16 Nigeria Mar 1.19 2.71 2.50 5.85 0.00 0.55 Apr 1.19 2.71 2.50 5.85 0.00 0.55 Philippines Mar 2.21 11.50 2.00 13.25 0.00 2.46 Apr 2.21 11.35 2.00 13.25 0.00 2.31 Sel. Mideast 7/ Mar 1.06 1.89 4.10 6.13 0.00 0.93 Apr 1.12 1.89 4.05 6.13 0.00 0.94 Selected Other Burma Mar 0.57 12.20 0.00 10.65 1.80 0.32 Apr 0.57 12.20 0.00 10.65 1.80 0.32 C. Amer & Carib 8/ Mar 0.47 1.61 1.69 3.33 0.01 0.43 Apr 0.51 1.63 1.69 3.35 0.01 0.47 China Mar 47.64 145.77 5.00 150.30 0.35 47.76 Apr 47.64 145.77 5.00 150.30 0.35 47.76 Egypt Mar 0.92 4.00 0.03 4.00 0.40 0.54 Apr 0.92 4.00 0.03 3.80 0.25 0.89 Japan Mar 3.20 7.65 0.70 8.30 0.08 3.18 Apr 2.82 7.65 0.70 8.60 0.08 2.49 Mexico Mar 0.15 0.13 0.70 0.87 0.00 0.11 Apr 0.15 0.15 0.70 0.87 0.00 0.13 South Korea Mar 1.19 4.33 0.47 4.39 0.00 1.59 Apr 1.19 4.33 0.47 4.39 0.00 1.59 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use a nd unreported disappearance. 3/ World impor ts and exports may not balance due to di fferences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indones ia, Hong Kong, Cote d'Ivoire, Nigeria, Phil ippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Ara bia. 8/ Central American and Caribbean countries. April 2016 WASDE - 552 - 26 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2013/14 Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World 91.66 120.41 41.23 109.92 40.87 -0.36 102.86 United States 3.80 12.91 0.01 3.55 10.53 0.29 2.35 Total Foreign 87.86 107.50 41.22 106.37 30.34 -0.66 100.51 Major Exporters 4/ 27.37 57.03 1.36 32.00 26.58 -0.83 28.01 Central Asia 5/ 4.21 6.60 3 / 2.35 5.05 0.00 3.41 Afr. Fr. Zone 6/ 1.30 4.37 3 / 0.15 4.13 0.00 1.39 S. Hemis 7/ 9.73 14.04 0.29 5.26 7.74 -0.34 11.40 Australia 2.40 4.10 3 / 0.04 4.85 -0.20 1.81 Brazil 5.80 8.00 0.15 4.20 2.23 -0.15 7.67 India 11.80 31.00 0.68 23.25 9.26 -0.50 11.46 Major Importers 8/ 58.63 47.23 37.59 69.96 2.64 0.17 70.69 Mexico 0.65 0.93 1.04 1.85 0.16 0.03 0.58 China 50.36 32.75 14.12 34.50 0.03 0.00 62.71 European Union 9/ 0.41 1.60 0.87 0.85 1.60 0.05 0.38 Turkey 1.32 2.30 4.25 6.30 0.20 0.00 1.36 Pakistan 2.71 9.50 1.20 10.40 0.51 0.03 2.48 Indonesia 0.54 0.03 2.99 3.05 0.01 0.00 0.50 Thailand 0.24 3 / 1.55 1.53 0.00 0.03 0.24 Bangladesh 1.17 0.12 5.30 5.30 0.00 0.01 1.27 Vietnam 0.49 0.01 3.20 3.20 0.00 0.00 0.50 2014/15 Est. Beginning Stocks Productio n ImportsDomestic Use ExportsLoss /2 Ending Stocks World 102.86 119.07 35.63 110.20 35.38 0.11 111.88 United States 2.35 16.32 0.01 3.58 11.25 0.16 3.70 Total Foreign 100.51 102.75 35.62 106.63 24.13 -0.05 108.18 Major Exporters 4/ 28.01 52.62 1.73 32.40 20.65 -0.23 29.54 Central Asia 5/ 3.41 6.20 3 / 2.46 4.69 0.00 2.45 Afr. Fr. Zone 6/ 1.39 5.09 3 / 0.14 4.33 0.00 2.00 S. Hemis 7/ 11.40 11.02 0.17 4.45 7.05 -0.24 11.32 Australia 1.81 2.30 3 / 0.04 2.39 -0.10 1.78 Brazil 7.67 7.00 0.02 3.40 3.91 -0.15 7.53 India 11.46 29.50 1.23 24.50 4.20 0.00 13.49 Major Importers 8/ 70.69 46.89 31.82 69.86 2.57 0.17 76.80 Mexico 0.58 1.32 0.83 1.85 0.17 0.03 0.69 China 62.71 30.00 8.28 33.00 0.07 0.00 67.92 European Union 9/ 0.38 1.64 0.86 0.87 1.62 0.05 0.33 Turkey 1.36 3.20 3.68 6.40 0.24 0.00 1.60 Pakistan 2.48 10.60 0.84 10.60 0.45 0.03 2.84 Indonesia 0.50 0.01 3.35 3.25 0.01 0.00 0.60 Thailand 0.24 3 / 1.48 1.48 0.00 0.03 0.22 Bangladesh 1.27 0.12 5.40 5.50 0.00 0.01 1.28 Vietnam 0.50 3 / 4.30 4.10 0.00 0.00 0.70 1/ Marketing year beginning August 1. Tota ls may not add exactly and trade may not ba lance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing ch annel; for Australia, Brazil, China, and the United States, refl ects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, an d Uzbekistan. 6/ Benin, Burkino Faso, Came roon, Central African Republic, Chad, Cote d' Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Pa raguay, South Africa, Tanzania, and Zimbabwe . 8/ In addition to the countries and regi ons listed, includes Hong Kong, Japan, Russia, South Kore a, and Taiwan. 9/ Includes intra-EU trade. April 2016 WASDE - 552 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2015/16 Proj. Beginning StocksProduction Imports Domestic UseExports Loss /2Ending Stocks World Mar 112.17 100.22 34.92 109.21 34.90 -0.15 103.34 Apr 111.88 99.80 34.89 109.59 34.84 -0.08 102.22 United States Mar 3.70 12.94 0.01 3.60 9.50 -0.05 3.60 Apr 3.70 12.87 0.04 3.60 9.50 0.01 3.50 Total Foreign Mar 108.47 87.28 34.91 105.61 25.40 -0.11 99.74 Apr 108.18 86.93 34.85 105.99 25.34 -0.09 98.72 filler filler filler filler filler filler filler Major Exporters 4/ Mar 29.47 48.56 1.57 32.21 22.40 -0.23 25.22 Apr 29.54 48.18 1.46 32.18 22.36 -0.23 24.87 Central Asia 5/ Mar 2.45 5.65 3 / 2.50 3.85 0.00 1.75 Apr 2.45 5.65 3 / 2.50 3.85 0.00 1.75 Afr. Fr. Zone 6/ Mar 2.03 4.81 3 / 0.14 5.13 0.00 1.56 Apr 2.00 4.54 3 / 0.14 4.79 0.00 1.60 S. Hemis 7/ Mar 11.22 10.69 0.22 4.26 7.62 -0.24 10.48 Apr 11.32 10.59 0.21 4.26 7.67 -0.24 10.43 Australia Mar 1.78 2.50 3 / 0.04 2.75 -0.10 1.59 Apr 1.78 2.50 3 / 0.04 2.75 -0.10 1.59 Brazil Mar 7.43 6.70 0.05 3.20 4.20 -0.15 6.93 Apr 7.53 6.60 0.05 3.20 4.30 -0.15 6.83 India Mar 13.49 26.80 0.90 24.50 5.50 0.00 11.19 Apr 13.49 26.80 0.80 24.50 5.75 0.00 10.84 filler filler filler filler filler filler filler Major Importers 8/ Mar 77.02 35.74 31.20 69.07 2.08 0.12 72.69 Apr 76.80 35.77 31.25 69.47 2.08 0.14 72.14 Mexico Mar 0.74 0.95 0.98 1.90 0.15 0.03 0.59 Apr 0.69 0.91 0.98 1.90 0.15 0.03 0.50 China Mar 67.92 23.80 5.00 32.00 0.20 0.00 64.52 Apr 67.92 23.80 5.00 32.50 0.20 0.00 64.02 European Union 9/ Mar 0.50 1.20 0.86 0.88 1.22 0.03 0.44 Apr 0.33 1.28 0.86 0.87 1.22 0.05 0.33 Turkey Mar 1.60 2.65 3.80 6.40 0.25 0.00 1.40 Apr 1.60 2.65 3.75 6.30 0.25 0.00 1.45 Pakistan Mar 2.84 7.00 2.30 9.60 0.25 0.03 2.26 Apr 2.84 7.00 2.90 10.10 0.25 0.03 2.36 Indonesia Mar 0.60 0.01 3.10 3.15 0.01 0.00 0.55 Apr 0.60 0.01 2.70 2.75 0.01 0.00 0.55 Thailand Mar 0.22 3 / 1.43 1.40 0.00 0.03 0.22 Apr 0.22 3 / 1.43 1.40 0.00 0.03 0.22 Bangladesh Mar 1.28 0.13 5.75 5.85 0.00 0.01 1.30 Apr 1.28 0.13 5.65 5.75 0.00 0.01 1.30 Vietnam Mar 0.70 3 / 5.20 5.10 0.00 0.00 0.80 Apr 0.70 3 / 5.20 5.10 0.00 0.00 0.80 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destro yed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan , Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions lis ted, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. April 2016 WASDE - 552 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Domestic CrushDomestic TotalExports Ending Stocks World 2/ 55.26 282.61 111.85 241.27 275.25 112.70 61.77 United States 3.83 91.39 1.95 47.19 50.09 44.57 2.50 Total Foreign 51.44 191.22 109.90 194.08 225.16 68.13 59.27 Major Exporters 3/ 35.01 151.59 0.63 76.47 83.13 62.67 41.43 Argentina 19.47 53.40 0.00 36.17 39.76 7.84 25.27 Brazil 15.36 86.70 0.61 36.86 39.81 46.83 16.02 Paraguay 0.15 8.19 0.01 3.35 3.41 4.80 0.13 Major Importers 4/ 13.76 14.48 96.52 91.35 109.13 0.34 15.29 China 12.38 11.95 70.36 68.85 80.60 0.22 13.88 European Union 0.74 1.21 13.29 13.40 14.56 0.06 0.62 Japan 0.18 0.20 2.89 1.97 3.05 0.00 0.23 Mexico 0.10 0.24 3.84 4.03 4.07 0.00 0.12 2014/15 Est. Beginnin g Stock s Productio n Import sDomesti c Crus hDomesti c Total Export s Endin g Stock s World 2/ 61.77 319.55 122.08 262.08 299.69 125.97 77.73 United States 2.50 106.88 0.90 50.98 54.93 50.17 5.19 Total Foreign 59.27 212.67 121.17 211.11 244.76 75.81 72.54 Major Exporters 3/ 41.43 169.81 0.32 84.52 91.77 68.52 51.27 Argentina 25.27 61.40 0.00 40.24 44.40 10.57 31.70 Brazil 16.02 97.20 0.31 40.44 43.41 50.61 19.50 Paraguay 0.13 8.10 0.01 3.65 3.69 4.49 0.06 Major Importers 4/ 15.29 15.42 105.25 98.03 117.20 0.29 18.47 China 13.88 12.15 78.35 74.50 87.20 0.14 17.03 European Union 0.62 1.83 13.39 13.60 15.07 0.12 0.66 Japan 0.23 0.23 3.00 2.15 3.24 0.00 0.22 Mexico 0.12 0.36 3.82 4.18 4.21 0.00 0.08 2015/16 Proj. Beginnin g Stock s Productio n Import s Domesti c Crus hDomesti c TotalExport s Endin g Stock s World 2/ Mar 77.14 320.21 128.16 278.04 315.75 130.90 78.87 Apr 77.73 320.15 129.85 277.66 316.35 132.36 79.02 United States Mar 5.19 106.93 0.82 50.89 54.43 45.99 12.51 Apr 5.19 106.93 0.82 50.89 54.42 46.40 12.11 Total Foreign Mar 71.95 213.27 127.35 227.15 261.32 84.90 66.36 Apr 72.54 213.22 129.03 226.77 261.92 85.96 66.91 Major Exporters 3/ Mar 50.88 170.41 0.32 90.00 97.33 77.25 47.04 Apr 51.27 170.91 0.37 90.00 97.47 78.35 46.74 Argentina Mar 31.80 58.50 0.00 45.70 49.85 11.80 28.65 Apr 31.70 59.00 0.05 45.70 50.05 11.40 29.30 Brazil Mar 19.01 100.00 0.30 40.00 43.00 58.00 18.31 Apr 19.50 100.00 0.30 40.00 43.00 59.50 17.30 Paraguay Mar 0.06 8.80 0.01 4.10 4.20 4.60 0.06 Apr 0.06 8.80 0.01 4.10 4.14 4.60 0.13 Major Importers 4/ Mar 18.39 15.48 109.18 106.31 125.81 0.38 16.86 Apr 18.47 15.41 110.43 105.99 126.15 0.33 17.83 China Mar 17.03 12.00 82.00 81.80 95.25 0.20 15.58 Apr 17.03 11.80 83.00 81.80 95.25 0.15 16.43 European Union Mar 0.58 2.05 13.20 14.30 15.17 0.15 0.51 Apr 0.66 2.20 13.20 13.80 15.32 0.15 0.59 Japan Mar 0.22 0.22 2.90 2.02 3.10 0.00 0.24 Apr 0.22 0.22 3.10 2.20 3.30 0.00 0.24 Mexico Mar 0.08 0.36 3.85 4.15 4.19 0.00 0.10 Apr 0.08 0.36 3.95 4.25 4.29 0.00 0.10 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October-September year. 2/ World i mports and exports may not balance due to differences in local marke ting years and to time lags betw een reported exports and imports. Therefore, world supply may not equal world us e. 3/ Argentina, Br azil, Paraguay, and Uruguay. 4/ China, European Union, Japan , Mexico, and Southeast Asia (inc ludes Indonesia, Malaysia, Philip pines, Vietnam, and Thailand). April 2016 WASDE - 552 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 9.64 189.95 57.85 186.54 60.12 10.79 United States 0.25 36.91 0.35 26.81 10.47 0.23 Total Foreign 9.39 153.04 57.51 159.74 49.64 10.56 Major Exporters 3/ 6.64 63.07 0.03 20.69 41.66 7.39 Argentina 3.25 27.89 0.00 2.10 24.97 4.07 Brazil 3.10 28.54 0.03 14.65 13.95 3.07 India 0.29 6.64 0.01 3.94 2.74 0.25 Major Importers 4/ 1.15 14.52 33.84 47.70 0.36 1.46 European Union 0.27 10.59 18.14 28.44 0.30 0.25 Southeast Asia 5/ 0.79 2.44 13.73 15.88 0.06 1.02 2014/15 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 10.79 207.34 60.00 202.08 63.65 12.39 United States 0.23 40.88 0.30 29.24 11.93 0.24 Total Foreign 10.56 166.46 59.70 172.84 51.72 12.15 Major Exporters 3/ 7.39 67.67 0.03 22.01 44.04 9.04 Argentina 4.07 30.93 0.00 2.30 28.58 4.13 Brazil 3.07 31.30 0.02 15.25 14.39 4.75 India 0.25 5.44 0.01 4.46 1.07 0.17 Major Importers 4/ 1.46 15.20 35.81 50.78 0.43 1.27 European Union 0.25 10.74 19.25 29.64 0.36 0.25 Southeast Asia 5/ 1.02 2.83 14.86 17.73 0.07 0.92 2015/16 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Mar 12.15 218.72 64.90 216.36 67.26 12.14 Apr 12.39 219.05 64.42 216.16 67.08 12.63 United States Mar 0.24 40.07 0.34 30.21 10.16 0.27 Apr 0.24 40.07 0.34 30.21 10.16 0.27 Total Foreign Mar 11.91 178.65 64.56 186.15 57.10 11.87 Apr 12.15 178.99 64.08 185.95 56.92 12.35 Major Exporters 3/ Mar 8.67 71.50 0.03 23.03 48.55 8.61 Apr 9.04 71.22 0.03 22.83 48.50 8.96 Argentina Mar 4.16 35.38 0.00 2.40 32.80 4.34 Apr 4.13 35.38 0.00 2.40 32.80 4.31 Brazil Mar 4.34 30.96 0.02 15.55 15.60 4.17 Apr 4.75 30.96 0.02 15.55 15.60 4.58 India Mar 0.18 5.16 0.01 5.08 0.15 0.11 Apr 0.17 4.88 0.01 4.88 0.10 0.07 Major Importers 4/ Mar 1.31 16.00 38.60 54.18 0.48 1.25 Apr 1.27 15.66 38.45 53.72 0.47 1.19 European Union Mar 0.24 11.30 20.70 31.64 0.40 0.19 Apr 0.25 10.90 20.70 31.24 0.40 0.21 Southeast Asia 5/ Mar 0.94 3.18 16.05 19.18 0.08 0.91 Apr 0.92 3.09 15.90 18.98 0.07 0.87 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketi ng years and to time lags be tween reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Br azil, and India. 4/ European Union, Southeast Asia, and Japa n. 5/ Indonesia, Malaysia, Philippine s, Vietnam, and Thailand. April 2016 WASDE - 552 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 3.88 45.12 9.28 45.21 9.46 3.61 United States 0.75 9.13 0.08 8.58 0.85 0.53 Total Foreign 3.13 35.99 9.21 36.63 8.61 3.09 Major Exporters 3/ 0.86 16.40 0.34 10.38 6.23 0.99 Argentina 0.26 6.79 0.01 2.73 4.09 0.24 Brazil 0.40 7.07 0.00 5.71 1.38 0.39 European Union 0.21 2.55 0.33 1.95 0.77 0.37 Major Importers 4/ 1.42 14.22 4.59 18.69 0.21 1.34 China 1.02 12.34 1.35 13.65 0.09 0.97 India 0.25 1.48 1.83 3.30 0.00 0.26 North Africa 5/ 0.15 0.41 1.41 1.74 0.11 0.12 2014/15 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 3.61 49.04 10.01 47.87 11.10 3.69 United States 0.53 9.71 0.12 8.60 0.91 0.84 Total Foreign 3.09 39.33 9.89 39.27 10.19 2.85 Major Exporters 3/ 0.99 18.03 0.29 10.73 7.61 0.96 Argentina 0.24 7.69 0.02 2.50 5.09 0.35 Brazil 0.39 7.76 0.01 6.28 1.51 0.37 European Union 0.37 2.58 0.25 1.95 1.01 0.24 Major Importers 4/ 1.34 15.03 5.21 20.23 0.18 1.18 China 0.97 13.35 0.77 14.20 0.11 0.78 India 0.26 1.21 2.80 4.00 0.00 0.27 North Africa 5/ 0.12 0.47 1.64 2.03 0.07 0.13 2015/16 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Mar 3.62 52.01 11.26 51.28 11.95 3.65 Apr 3.69 52.10 11.35 51.20 12.20 3.74 United States Mar 0.84 9.86 0.14 8.89 0.95 0.99 Apr 0.84 9.86 0.14 8.89 0.95 0.99 Total Foreign Mar 2.78 42.15 11.12 42.39 11.00 2.66 Apr 2.85 42.24 11.21 42.31 11.24 2.74 Major Exporters 3/ Mar 0.81 19.11 0.17 11.03 8.32 0.74 Apr 0.96 19.04 0.27 10.88 8.52 0.88 Argentina Mar 0.25 8.71 0.01 2.66 5.93 0.38 Apr 0.35 8.74 0.01 2.56 6.13 0.41 Brazil Mar 0.27 7.68 0.01 6.37 1.39 0.21 Apr 0.37 7.68 0.01 6.37 1.39 0.31 European Union Mar 0.29 2.72 0.15 2.00 1.00 0.16 Apr 0.24 2.62 0.25 1.95 1.00 0.16 Major Importers 4/ Mar 1.22 16.30 6.18 22.30 0.21 1.19 Apr 1.18 16.22 6.18 22.26 0.19 1.13 China Mar 0.85 14.66 0.85 15.45 0.08 0.82 Apr 0.78 14.66 0.82 15.45 0.11 0.69 India Mar 0.25 1.15 3.70 4.85 0.00 0.25 Apr 0.27 1.09 3.70 4.75 0.00 0.30 North Africa 5/ Mar 0.13 0.50 1.63 2.00 0.13 0.12 Apr 0.13 0.47 1.66 2.06 0.08 0.13 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketi ng years and to time lags be tween reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Brazil an d European Union. 4/ Chin a, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. April 2016 WASDE - 552 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef PorkRed Mea t 2/Broile r Turkey Total Poultry 3 /Red Meat & PoultryEgg Milk Million Pounds Mil doz Bil lbs 2014 Annual 24,252 22,843 47,345 38,565 5, 756 44,842 92,187 8,431 206.1 2015 I 5,664 6,161 11,883 9,718 1,429 11,273 23,156 2,078 51.9 II 5,855 5,925 11,839 10,021 1,389 11,542 23,381 1,991 53.7 III 6,066 5,957 12,080 10,372 1,352 11,857 23,937 1,929 51.7 IV 6,105 6,456 12,620 9,937 1,458 11,526 24,146 1,980 51.3 Annual Mar Est. 23,690 24,499 48,422 40,048 5, 627 46,198 94,619 7,977 208.6 Apr Est. 23,690 24,499 48,422 40,048 5, 627 46,198 94,619 7,977 208.6 2016 I 5,945 6,240 12,243 10,100 1,425 11,650 23,893 2,025 52.8 II* 6,190 5,935 12,183 10,200 1,475 11,815 23,998 2,035 54.1 III* 6,395 6,170 12,621 10,500 1,525 12,165 24,786 2,085 52.5 IV* 6,295 6,625 12,980 10,300 1,585 12,020 25,000 2,160 52.4 Annual Mar Proj. 24,540 25,025 49,798 41,100 6, 010 47,650 97,448 8,305 211.6 Apr Proj. 24,825 24,970 50,027 41,100 6, 010 47,650 97,677 8,305 211.8 * Projection. 1/ Commercial production for re d meats; federally inspected for poultry me ats. 2/ Beef, pork, veal and lamb & mut ton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/Barrows and gilts 3/Broilers 4/Turkeys 5/Eggs 6/Milk 7/ Dol./cw t Dol./cw t Cents/lb. Cents/lb. Cents/doz. Dol./cw t 2014 Annual 154.56 76.03 104.9 107.6 142.3 23.97 2015 I 162.43 48.47 97.0 99.6 146.9 17.00 II 158.11 53.20 104.2 108.5 170.3 16.70 III 144.22 54.59 83.7 126.4 235.7 16.93 IV 127.71 44.66 77.2 130.1 174.1 17.70 Annual Mar Est. 148.12 50.23 90.5 116.2 181.8 17.08 Apr Est. 148.12 50.23 90.5 116.2 181.8 17.08 2016 I 134.81 44.63 84.6 114.7 121.5 15.60-15.70 II* 132-138 48-50 84-88 114-118 85-89 14.40-14.80 III* 128-138 48-52 85-91 106-114 86-92 14.60-15.30 IV* 129-139 41-45 84-90 111-121 106-114 15.30-16.30 Annual Mar Proj. 133-142 46-49 84-88 111-117 137-145 14.95-15.55 Apr Proj. 131-137 46-48 84-88 111-117 100-104 15.00-15.50 *Projection. 1/ Simple average of months. 2/ 5-Area, Direct, To tal all grades 3/ National Base, Live equiv 51-52% lean. 4/ Whol esale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, Ne w York, volume buyers. 7/ Prices received by farmers for all milk. April 2016 WASDE - 552 - 32 U.S. Meats Supply and Use Item Beginning stocksProduction 1/ ImportsTotal Supply ExportsEnding Stocks Total UsePer Capita 2/ 3/ Million Pounds /4 Beef 2014 584 24,320 2,947 27,850 2,573 591 24,687 54.1 2015 Est. Mar 591 23,755 3,370 27,716 2,266 683 24,767 53.9 Apr 591 23,755 3,370 27,716 2,266 683 24,767 53.9 2016 Proj. Mar 683 24,604 2,845 28,132 2,475 600 25,057 54.3 Apr 683 24,889 2,900 28,472 2,455 630 25,387 55.0 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2014 618 22,861 1,008 24,486 4,857 559 19,071 46.4 2015 Est. Mar 559 24,517 1,111 26,187 4,941 590 20,656 49.9 Apr 559 24,517 1,111 26,187 4,941 590 20,656 49.8 2016 Proj. Mar 590 25,043 1,100 26,733 5,100 625 21,008 50.4 Apr 590 24,988 1,180 26,758 5,200 625 20,933 50.2 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2014 1,230 47,441 4,149 52,820 7,436 1,190 44,195 101.7 2015 Est. Mar 1,190 48,515 4,695 54,400 7,212 1,320 45,868 105.0 Apr 1,190 48,515 4,695 54,400 7,212 1,320 45,868 104.9 2016 Proj. Mar 1,320 49,891 4,140 55,351 7,585 1,265 46,501 105.9 Apr 1,320 50,120 4,283 55,723 7,663 1,296 46,764 106.4 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2014 669 38,153 117 38,938 7,301 680 30,957 83.3 2015 Est. Mar 680 39,620 130 40,430 6,319 832 33,279 89.0 Apr 680 39,620 130 40,430 6,319 832 33,279 88.9 2016 Proj. Mar 832 40,660 123 41,616 6,740 690 34,186 90.8 Apr 832 40,660 123 41,616 6,740 665 34,211 90.9 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2014 237 5,756 28 6,021 805 193 5,022 15.7 2015 Est. Mar 193 5,627 45 5,865 533 201 5,131 16.0 Apr 193 5,627 45 5,865 533 201 5,131 16.0 2016 Proj. Mar 201 6,010 43 6,254 655 250 5,349 16.5 Apr 201 6,010 43 6,254 610 225 5,419 16.8 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2014 912 44,429 147 45,488 8,216 877 36,395 100.3 2015 Est. Mar 877 45,769 177 46,822 6,997 1,041 38,785 106.1 Apr 877 45,769 177 46,822 6,997 1,041 38,785 106.0 2016 Proj. Mar 1,041 47,210 167 48,418 7,531 948 39,939 108.6 Apr 1,041 47,210 169 48,420 7,486 899 40,035 108.9 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2014 2,142 91,870 4,297 98,308 15,652 2,066 80,590 202.0 2015 Est. Mar 2,066 94,284 4,872 101,222 14,209 2,361 84,652 211.1 Apr 2,066 94,284 4,872 101,222 14,209 2,361 84,652 210.9 2016 Proj. Mar 2,361 97,101 4,307 103,769 15,116 2,213 86,440 214.5 Apr 2,361 97,330 4,452 104,143 15,149 2,195 86,799 215.3 1/ Total including farm production for red meats and, for pou ltry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis for red meat an d broilers; certified ready-to-cook weight for turkey. 3/ Population source: Dept. of Commerce, Census Bureau. 4/ Carcass weight for red meats and certified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. April 2016 WASDE - 552 - 33 U.S. Egg Supply and Use Commodity 2013 2014 2015 Est. 2015 Est. 2016 Proj. 2016 Proj. Mar Ap r Mar Ap r Eggs Million Dozen Supply Beginning Stocks 20.8 23.0 23.3 23.3 31.1 31.1 Production 8,148.7 8,431.4 7,977.3 7,977.3 8,305.0 8,305.0 Imports 16.9 34.7 123.3 123.3 110.0 110.0 Total Supply 8,186.4 8,489.1 8,123.9 8,123.9 8,446.1 8,446.1 Use Exports 371.8 393.8 317.6 317.6 320.0 315.0 Hatching Use 964.8 980.7 995.4 995.4 1,015.0 1,015.0 Ending Stocks 23.0 23.3 31.1 31.1 26.0 26.0 Disappearance Total 6,826.7 7,091.3 6,779.8 6,779.8 7,085.1 7,090.1 Per Capita (number) 258.6 266.6 253.2 252.9 263.0 263.2 Total U.S. Milk Supply and Use Commodity 2013 2014 2015 Est. 2015 Est. 2016 Proj. 2016 Proj. Mar Ap r Mar Ap r Milk Billion Pounds Production 201.2 206.1 208.6 208.6 211.6 211.8 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 12.2 11.2 11.2 11.2 13.3 13.3 Marketings 200.3 205.1 207.7 207.7 210.6 210.9 Imports 3.7 4.3 5.7 5.7 7.0 7.5 Total Cml. Supply 216.2 220.6 224.6 224.6 230.9 231.7 Fat Basis Use Commercial Exports 12.4 12.4 8.8 8.8 8.2 8.4 Ending Commercial Stocks 11.2 11.2 13.3 13.3 12.4 12.7 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 192.6 196.9 202.5 202.5 210.3 210.6 Skim-solid Basis Supply Beg. Commercial Stocks 12.4 11.7 13.1 13.1 13.9 13.9 Marketings 200.3 205.1 207.7 207.7 210.6 210.9 Imports 5.3 5.6 5.9 5.9 6.4 6.2 Total Cml. Supply 217.9 222.4 226.7 226.7 230.8 230.9 Skim-solid Basis Use Commercial Exports 38.6 39.1 37.3 37.3 36.3 36.2 Ending Commercial Stocks 11.7 13.1 13.9 13.9 14.1 14.1 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 167.7 170.2 175.5 175.5 180.5 180.6 Total Note: Totals may not add due to rounding. April 2016 WASDE - 552 - 34 U.S. Dairy Prices Commodity 2013 2014 2015 Est. 2015 Est. 2016 Proj. 2016 Proj. Mar Apr Mar Apr Product Prices 1/ Dollars Pe r Pound Cheese 1.7683 2.1551 1.6454 1.6454 1.505- 1.565 1.510- 1.560 Butter 1.5451 2.1361 2.0670 2.0670 2.010- 2.100 2.005- 2.085 Nonfat Dry Milk 1.7066 1.7682 0.9016 0.9016 0.770- 0.820 0.760- 0.800 Dry Whey 0.5902 0.6538 0.3804 0.3804 0.230- 0.260 0.230- 0.260 Filler Dollars Pe r Cwt Milk Prices 2/ Class III 17.99 22.34 15.80 15.80 13.60- 14.20 13.65- 14.15 Class IV 19.05 22.09 14.35 14.35 13.05- 13.75 12.90- 13.50 All Milk 3/ 20.05 23.97 17.08 17.08 14.95- 15.55 15.00- 15.50 1/ Simple average of monthly prices calculated by AMS from weekly averag e dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test . 3/ Does not reflect any deductions from producers as authori zed by legislation. April 2016 WASDE - 552 - 35 Reliability of April Projections 1/ Note: Tables on pages 35-37 present a record of the April projec tion and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0.5 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 0.9 percent. The averag e difference between the April pr ojection and the final estimate is 2 million tons, ranging from 0.1 million to 6.8 milli on tons. The April projection has been below the estimate 22 t imes and above 12 times. Differences between forecast and final estimate 90 percen t Years Commodity and Region Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final WHEAT Percen t Million Metric Tons Production Worl d 0.5 0.9 2.0 0.1 6.8 22 12 U.S. 0.1 0.2 0.0 0.0 0.3 14 9 Forei gn 0.6 1.0 2.0 0.2 6.8 22 12 Exports Worl d 4.0 6.8 4.1 0.4 14.3 27 7 U.S. 2.6 4.4 0.6 0.0 2.1 15 19 Forei gn 5.2 8.8 4.1 0.3 13.3 27 7 Domestic Use Worl d 0.8 1.4 3.7 0.1 9.4 15 19 U.S. 3.3 5.6 0.8 0.0 2.2 13 21 Forei gn 0.8 1.3 3.5 0.0 9.6 15 19 Endin g Stocks Worl d 3.3 5.7 3.9 0.0 14.5 23 10 U.S. 8.7 14.8 1.0 0.0 4.1 23 11 Forei gn 3.7 6.2 3.4 0.0 12.6 24 9 COARSE GRAINS 2/ Production Worl d 0.9 1.6 7.4 0.3 19.2 28 6 U.S. 0.2 0.3 0.1 0.0 1.3 14 7 Forei gn 1.3 2.2 7.5 0.3 19.2 28 6 Exports Worl d 4.8 8.2 4.6 0.1 21.8 25 9 U.S. 6.5 11.0 2.6 0.0 7.2 18 16 Forei gn 7.4 12.6 4.0 0.3 21.2 27 7 Domestic Use Worl d 0.8 1.4 5.1 0.0 20.0 14 20 U.S. 2.5 4.2 3.3 0.1 16.8 13 21 Forei gn 0.9 1.6 4.8 0.2 17.3 20 14 Endin g Stocks Worl d 8.0 13.5 9.9 0.3 27.0 29 5 U.S. 11.8 20.0 3.9 0.1 12.1 18 16 Forei gn 10.4 17.7 7.8 0.5 24.2 28 6 RICE , milled Production Worl d 1.3 2.3 3.4 0.2 13.3 28 6 U.S. 1.4 2.4 0.0 0.0 0.2 11 5 Forei gn 1.3 2.3 3.4 0.1 13.3 28 6 Exports Worl d 8.2 13.9 1.4 0.1 4.5 28 6 U.S. 6.4 10.8 0.1 0.0 0.5 15 16 Forei gn 9.1 15.4 1.3 0.0 4.4 28 6 Domestic Use Worl d 1.0 1.7 2.6 0.1 8.7 25 9 U.S. 7.0 11.8 0.2 0.0 0.5 12 21 Forei gn 1.0 1.7 2.6 0.2 8.8 25 9 Endin g Stocks Worl d 7.2 12.3 2.9 0.1 13.2 23 11 U.S. 19.5 33.2 0.2 0.0 0.4 21 13 Forei gn 7.6 12.9 2.9 0.1 12.8 22 12 1/ Footnotes at end of table. CONTINUED April 2016 WASDE - 552 - 36 Reliability of April Projections (Continued) 1/ Differences between forecast and final estimate 90 percen t Years Commodity and Region Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final SOYBEANS Percent Million Metric Tons Production World 1.7 2.9 2.3 0.2 7.9 20 14 U.S. 1.4 2.3 0.6 0.0 2.5 15 12 Foreign 2.8 4.8 2.1 0.0 8.1 21 13 Exports World 5.2 8.9 2.4 0.1 10.3 22 12 U.S. 5.3 9.0 1.1 0.0 3.0 24 10 Foreign 12.1 20.5 2.1 0.2 8.8 19 15 Domestic Use World 1.8 3.1 2.5 0.0 10.3 20 14 U.S. 2.3 3.9 0.8 0.1 2.4 23 11 Foreign 2.2 3.8 2.1 0.0 10.4 18 16 Ending Stocks World 11.9 20.1 2.9 0.3 12.0 19 15 U.S. 28.6 48.5 1.5 0.1 4.9 12 22 Foreign 12.8 21.8 2.3 0.0 7.2 21 13 COTTON Million 480-Pound Bales Production World 1.6 2.7 1.1 0.0 5.2 26 7 U.S. 0.3 0.5 0.0 0.0 0.2 15 11 Foreign 1.9 3.2 1.1 0.0 5.1 25 8 Exports World 4.3 7.3 1.0 0.1 4.2 21 13 U.S. 4.7 8.0 0.4 0.0 1.4 14 17 Foreign 5.4 9.2 0.9 0.1 3.9 21 13 Domestic Use World 1.6 2.7 1.2 0.0 4.6 19 15 U.S. 3.1 5.3 0.2 0.0 0.6 18 12 Foreign 1.6 2.7 1.2 0.2 4.5 19 15 Ending Stocks World 7.0 11.9 2.5 0.0 8.2 24 10 U.S. 12.7 21.6 0.4 0.0 1.6 13 21 Foreign 7.6 12.9 2.5 0.1 8.0 22 12 1/ Marketing years 1981/82 through 2014/15 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2014/15. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. April 2016 WASDE - 552 - 37 Reliability of United States April Projections 1/ Differences between forecast and final estimate 90 percen t Years Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final CORN Percent Million Bushels Production 0 . 2 0 . 320 3 812 Exports 6.4 10.8 91 13 209 15 19 Domestic Use 2.3 3.9 114 5 474 14 20 Ending Stocks 13.5 22.9 156 3 470 18 16 SORGHUM Production 0 . 2 0 . 300402 Exports 11.9 20.3 20 0 72 23 10 Domestic Use 9.6 16.2 24 0 158 13 20 Ending Stocks 37.8 64.2 22 0 148 15 18 BARLEY Production 0.7 1.2 1 0 11 14 4 Exports 13.1 22.3 4 0 13 10 20 Domestic Use 4 . 2 7 . 11 0 06 41 51 7 Ending Stocks 11.0 18.6 12 0 52 22 11 OATS Production 0 . 3 0 . 600244 Exports 3 5 . 2 5 9 . 710366 Domestic Use 3.6 6.0 8 0 26 12 20 Ending Stocks 12.7 21.5 9 1 30 21 13 SOYBEAN MEAL Thousand Short Tons Production 2.7 4.5 798 35 2,153 27 7 Exports 8.0 13.6 503 25 1,700 28 6 Domestic Use 2.3 3.8 511 100 2,066 24 10 Ending Stocks 35.9 61.0 66 0 214 13 19 SOYBEAN OIL Million Pounds Production 2.7 4.6 383 15 1,058 27 7 Exports 15.7 26.6 207 0 650 22 11 Domestic Use 2.0 3.3 236 0 562 20 13 Ending Stocks 17.3 29.3 240 5 753 23 11 ANIMAL PROD. 3/ Million Pounds Beef 2.4 4.1 498 19 1,388 23 11 Pork 2.2 3.7 291 10 983 23 11 Broilers 1.4 2.3 278 6 675 23 11 Turkeys 2.6 4.5 103 3 398 19 15 Million Dozen Eggs 1.6 2.7 83 10 433 23 11 Billion Pounds Milk 1.2 2.0 1.4 0.0 5.2 17 14 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2014/15 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2014/15. Calendar years 1983 through 2014 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate pub lished by NASS for 1983-2014. WASDE-552-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oc e/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Produc tion, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 19 0 countries and regions at http://www.fas.usda.gov/psd/online . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric-Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 . WASDE Notification System Subscribers are notified through GovDelivery when the monthly World Agricultural Supply and Demand Estimates (WASDE ) report is available. Previous WASDE reports are available at http://usda.mannlib.cornell.edu/MannUsd a/viewDocumentInfo.do?documentID=1194 For questions contact: Susan Carter at 202-720-5447 or [email protected] World Agricultural Suppl y and Demand Estimates WASDE-552 – April 12, 2016 WASDE Briefing Slides: The briefing slides wh ich accompany today’s WASDE report will be available at http://www.usda.gov/oce /commodity/wasde/ Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e-mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu . Select the “Reports by E-Mail” bar to sign up. 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January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 588 Approved by the World Agricultural Outlook Board May 10, 2019 WHEAT: The initial outlook for 2019/20 U.S. wheat is for larger supplies, higher domestic use, lower exports, and larger stocks. Supplies are increased by 41 million bushels year to year with higher carry -in stocks and larger production. The 2019/20 U.S. wheat crop is projected at 1, 897 million bushels, up less than 1 percent from last year as a higher yield more than offsets reduced harvested acreage. The all -wheat yield is projected at 48.6 bushels per acre, up 1.0 bushel from last year. The first 2019 NASS survey -based winter wheat production forecast indicated larger Hard Red Winter production more than offsetting smaller Soft Red Winter and White Wheat crops. Total 2019/20 domestic use is projected up 5 percent with increases in all usage categories. Exports are projected at 900 million bushels, down 25 million from the revised 2018/19 exports. The 2019/20 global export situation is expected to be highly competitive for the United States with all of the other major exporters projected to have larger supplies. Ending stocks for 2019/20 are projected 14 million bushels higher than last year at 1,1 41 million. The projected season- average farm price is $4.70 per bushel, down from last year’s estimated $5.20 on the expectation of greater export competition and lower U.S. corn prices. The initial outlook for 2019/20 international wheat is for larger supplies, increased trade, greater consumption, and higher ending stocks. Foreign supplies are projected to increase 38.5 million tons to 966.4 million as all of the major wheat exporters (Argentina, Australia, Canada, EU, Russia, and Ukraine) are expec ted to have higher production for 2019/20. The EU is projected to have the largest increase to 153.8 million tons, as it recovers from last year’s drought. Russia is projected to have its second-largest wheat production on record at 77.0 million tons. Collectively, the major foreign exporters ’ projected output rises 33.9 million tons, up 11 percent from last year. Additionally, the Middle East region is expected to have significantly larger production with abundant rainfall as both Iran and Iraq are projected to have record output while Syria and Turkey have near-record production. Projected 2019/20 global trade is 6.7 million tons or 4 percent higher at 184.6 million with greater exportable supplies and lower expected export prices. Russia is projec ted as the leading world wheat exporter for the third consecutive year with exports at 36.0 million tons, down slightly from 37.0 million for 2018/19. But all other major foreign exporters are projected to have higher exports than last year. Projected 20 19/20 world consumption increases 21.6 million tons from last year to a record-large 759.5 million tons with both food, seed, and industrial use and feed use significantly higher. Global ending stocks increase 18.0 million tons or 7 percent to a record-la rge 293.0 million. World stocks less China are projected at 146.8 million tons, up 11.8 million from last year. COARSE GRAINS: The U.S. feed- grain outlook for 2 019/20 is for larger production and domestic use, lower exports, and greater ending stocks. The corn crop is projected at 15.0 billion bushels, up from last year and the second largest on record behind 2016/17 as an increase in area more than offsets a reduction in yield. The yield project ion of 176.0 bushels per acre is based on a weather -adjusted trend assuming normal planting progress and summer growing season weather, estimated using the 1988- 2018 time period. With beginning stocks down from a year ago, total corn supplies are forecast record high at 17.2 billion bushels. Total U.S. corn use in 2019/20 is forecast to rise relative to a year ago as greater domestic use offsets a slight decline in exports. Food, seed, and industrial (FSI) use is projected to rise 50 million bushels to 7.0 billion. Corn used for ethanol is projected to increase 1 percent from a year ago, based on expectations of modest growth in motor gasoline consumption, a slight decline in ethanol’s inclusion rate into gasoline, and larger exports. Feed and residual use is projected higher on a larger crop, lower expected prices, and continued growth in grain consuming animal units. U.S. corn exports are forecast to decline 25 million bushels in 2019/20, despite larger world corn trade. Increased exports out of Ar gentina and Brazil during 2018/19 (local marketing years beginning March 2019 and WASDE -588-2 ending February 2020) are expected to limit U.S. exports during the first half of 2019/20. Combined corn exports for Ukraine and Russia in 2019/20 are projected to decline, mostly reflecting a return to normal weather for Ukraine following a bumper harvest in 2018/19. With total U.S. corn supply rising more than use, 2019/20 U.S. ending stocks are up 390 million bushels from last year and if realized would be the highest si nce 1987/88. Stocks relative to use at 16.9 percent would be the highest since 2005/06. With larger stocks relative to use, the season- average farm price is projected at $3.30 per bushel, down 20 cents from 2018/19 and the lowest since 2006/07. The glob al coarse grain outlook for 2019/20 is for record production and use, and lower ending stocks. World corn production is forecast record high, with the largest increases for the United States, South Africa, Russia, Canada, India, and Brazil. Partly offset ting are smaller crops projected for China and Ukraine. Global corn use is expected to grow 1 percent, while global corn imports are projected to increase 2 percent. Notable forecast increases in corn imports include China, Iran, Kenya, Mexico, Saudi Ara bia, Turkey, and Vietnam. Global corn ending stocks are down 11.2 million tons from a year ago, mostly reflecting a forecast decline for China. Outside of China, stocks are up 6.8 million tons, and if realized would be the highest since 2016/17. For China, total coarse grain imports are forecast at 15.1 million tons, up 2.7 million from 2018/19. Corn imports are forecast to increase, based on expectations of sharply reduced sorghum imports and a wider price wedge between China’s domestic and world market prices relative to a year ago, particularly in the feed deficit South. RICE : The 2019/20 outlook for U.S. rice is for higher supplies, exports, domestic use, and ending stocks. For the 2018/19 market year, imports and exports are each reduced 1.0 million cwt, and the season- average farm price is lowered $0.10 per cwt to $12.00. U.S. 2019/20 all rice production is projected at 218.2 million cwt, down 3 percent from the previous year. Both long- grain and combined medium - and short -grain production are projected to be smaller this year. The year -over-year supply increase stems from an 82 percent increase in beginning stocks. Total U.S. rice supplies are projected to increase more than 6 percent to 299.8 million cwt. U.S. 2019/20 total use is projected at 241.0 million cwt, up nearly 6 percent from the previous year with both domestic and residual use and exports higher. Long -grain exports are projected up 9 percent to 72.0 million cwt, and combined medium - and short -grain exports are up 7 percent to 29.0 million cwt. Both export changes are based on improved price competitivene ss and larger exportable supplies. All rice ending stocks are projected at 58.8 million cwt, up 10 percent and the largest since the 1985/86 market year. The 2019/20 all rice season -average farm price is projected at $11.20 per cwt, down $0.80 from last year’s revised price. World rice production for 2019/20 is projected at 498.4 million tons, down fractionally from the previous year’s record. China and India lead production declines with crops reduced 2.5 million tons and 1.0 million tons, respective ly. Vietnam, Thailand, Bangladesh, and Indonesia have the largest production increases. Global rice consumption is projected at a record 496.1 million tons, up 4.1 million. Global exports for 2019/20 are projected at a record 47.6 million tons, up 0.9 m illion from the previous year. World 2019/20 ending stocks are projected at a record 172.2 million tons with China projected to hold 68 percent of global stocks. OILSEEDS: The 2019/20 outlook for U.S. soybeans is for higher supplies, crush, exports, and slightly lower ending stocks compared to 2018/19. The soybean crop is projected at 4,150 million bushels, down 394 million from last year’s record crop on lower harvested area and trend yields. With sharply higher beginning stocks, soybean supplies ar e projected at 5,165 million bushels, up 3 percent from 2018/19. Total U.S. oilseed production for 2019/20 is forecast at 124.2 million tons, down 9.6 million from 2018/19, mainly on lower soybean production. Production forecasts are also lower for canol a, but higher for sunflowerseed, peanuts, and cottonseed. The U.S. soybean crush for 2019/20 is projected at 2,115 million bushels, up from the 2018/19 forecast with higher soybean meal disappearance partly offset by lower soybean meal exports. U.S. soybean exports are forecast at 1,950 million bushels, up 175 million from the revised forecast for 2018/19. Despite limited growth in global soybean import demand, U.S. export share is expected to rise to 35 percent from the 2018/19 record low of 32 percent on higher supplies and competitive prices. U.S. ending stocks for 2019/20 are projected at 970 million bushels, down 25 million from the revised 2018/19 forecast. The 2019/20 U.S. season- average soybean price is projected at $8.10 per bushel, down 45 c ents from the 2018/19 forecast. Soybean meal prices WASDE -588-3 are forecast at $290 per short ton, down $15.00 from 2018/19. Soybean oil prices are forecast at 29.5 cents per pound, up 1.5 cents from 2018/19. Global oilseed production for 2019/20 is projected at 5 98.0 million tons, down 2.9 million from 2018/19. Global soybean production is forecast at 355.7 million tons, down 6.4 million with lower production for the Unite d States, Argentina, and Canada partly offset by a higher Brazilian crop. Brazil’s soybean production is projected at a record 123.0 million tons, up 6.0 million on higher area and trend yield. Argentina’s soybean production is forecast at 53.0 million tons, down 3.0 million from the revised 2018/19 forecast due to a lower trend yield. China’s soybean production is projected 1.1 million tons higher to 17.0 million on reported higher planting intentions. Global production of high- oil content seeds (rapeseed and sunflowerseed) is projected up 1 percent from 2018/19 on increased rapeseed producti on for Australia and Ukraine, which is partly offset by lower production for the EU and India. Sunflowerseed crops for Turkey, Russia, and Ukraine are also lower . Global soybean beginning stocks for 2019/20 are forecast to increase 14.1 million tons compared to 2018/19, leading to higher supply despite lower production. Global protein meal consumption is projected to increase 2 percent in 2019/20, compared to the prior 5 -year average of 4 percent. Protein meal consumption growth in China is flat, largely due to suppressed feed demand from outbreaks of African Swine Fever. Global soybean exports at 151.2 million tons are also relatively flat compared to 2018/19. C hina’s soybean imports are projected at 87.0 million tons, up only 1.0 million from the revised 2018/19 projection and significantly lower than growth seen in prior years. With stagnant trade and a 2 percent increase for crush offsetting the higher global supply, ending stocks at 113.1 million tons are forecast to decline slightly from 2018/19. Global vegetable oil production is projected to increase 2 percent to 208.2 million tons, led by increases for palm oil production for Indonesia, soybean oil for Argentina, and sunflowerseed oil for Russia. Global consumption is projected to increase 3 percent in 2019/20, led by palm oil increases for Indonesia, China, Malaysia, and India. With higher consumption, global ending stocks are projected down 1.3 milli on tons to 20.1 million. SUGAR: U.S. sugarbeet production for 2019/20 is projected at 33.556 million tons with yield forecast at 30.5 tons/acre. Slower -than- average planting progress in the Upper Midwest and Michigan has dampened prospects for significant gains in the national yield over last year and for harvesting prospects prior to October 1. Assuming average levels of beet pile shrink and slicing recovery, beet sugar production from this crop is projected at 4.943 million short tons, raw value (STRV ). Beet sugar produced prior to October 1 is projected at 502,000 STRV, or about 123,000 STRV lower than the average of the 5 previous years. Beet sugar production for 2018/19 is estimated to fall to 4.910 million STRV , as the drop in August -September pr oduction is only marginally offset by a small increase in estimated slicing recovery. Beet sugar production for the new 2019/20 fiscal year is projected at 5.114 million STRV. The increase over the crop year total is due to a higher level of assumed 2020 August -September production. Cane sugar production for 2019/20 is projected at 4.001 million STRV. Small increases over 2018/19 are projected for both Florida and Texas. Louisiana production is projected to fall from the 2018/19 record to 1.800 million STRV as a lower sugarcane yield closer to trend more than offsets expected area expansion and less sugarcane used for seed. Imports for 2019/20 are projected at 3.219 million STRV . Projected 2019/20 TRQ imports of specialty sugar include only the WTO minimum quantity as additional quantities have not been announced by the Secretary of Agriculture. The WTO raw sugar TRQ shortfall for 2019/20 is projected at 99,000 STRV and the shortfall for 2018/19 is increased 22,046 STRV based on FAS Post reporting. High-tier tariff imports for 2018/19 are increased to 70,000 STRV based on the pace to date. Deliveries to domestic users for 2019/20 are projected at 12.320 million STRV, an increa se of 50,000 in deliveries for human consumption over 2018/19. Ending stocks for 2019/20 are residually projected at 1.484 million STRV, implying a stocks -to-use ratio of 12.01 percent. Ending stocks for 2018/19 are estimated at 1.505 million STRV, a reduction of 119,930 matching estimated supply reductions. The estimated 2018/19 stocks -to-use ratio is 12.23 percent. Mexico sugar production for 2018/19 is increased to 6.200 million metric tons (MT) as increases to sugarcane yield and sucrose recovery m ore than offset an area harvested decrease. Total deliveries for human consumption are reduced by 378,883 MT to 4.236 million. Ending stocks available for the domestic market are projected to be the quantity of sugar needed at the end of September to meet projected delivery requirements until the start of the 2019/20 harvest in mid-November. Exports to the United States are unchanged but exports to third -country destinations and commitments under the CEDES export certificate program now total 1.186 milli on MT. Production for 2019/20 is set at 6.100 million MT; deliveries for human consumption are WASDE -588-4 projected at the same level of per capita sweetener consumption as in 2018/19; and ending stocks are calculated in the same manner as in 2018/19. Total exports are residually projected but exports to the United States are projected at the expected level of U.S. Needs as defined in the amended Suspension Agreements. LIVESTOCK, POULTRY, AND DAIRY : Total U.S. red meat and poultry production for 2020 is forecast a bove 2019. Beef production is forecast higher primarily on higher projected steer and heifer slaughter and heavier carcass weights. Pork production in 2020 is forecast to increase as producers in late 2019 and into 2020 continue to expand hog supplies. H og carcass weights are also forecast higher in 2020 as feed prices are forecast lower. Broiler production is expected to surpass 2019 levels as the industry responds to increased expansion of processing capacity late in 2019 and favorable feed prices. Tur key production is forecast to increase as producers respond to lower feed prices and a continued gradual recovery in prices. Egg production is forecast to increase modestly as margins improve with lower feed prices and higher egg prices during 2020. The total red meat and poultry production forecast for 2019 is little changed from last month. Small reductions are made to beef and pork, largely due to offsetting changes in slaughter and carcass weights. Broiler production is lowered on hatchery and slaug hter data to date, but the turkey forecast is raised on recent hatchery data. Egg production for 2019 is raised on continued expansion of the laying flock. For 2020, tightness in competitor beef supplies and firm global demand are expected to support stronger U.S. beef exports relative to 2019. Pork exports are forecast to increase next year on stronger global demand for U.S. pork. Both beef and pork imports are projected to decline year over year. Broiler and turkey exports are forecast higher on expected gains in foreign demand. These forecasts assume current trade policies remain in place. The 2019 beef export forecast is reduced from last month on slower -than -anticipated exports to key trading partners. The pork export forecast is raised as higher expec ted sales of pork in the second half of the year are expected to more than offset the sl ower -than- expected pace of exports to date. Small changes are made to beef and pork import forecasts reflecting first -quarter trade data; however , forecasts for the remainder of the year are unchanged. The broiler export forecast is reduc ed on lower -than -expected shipments in the first quarter . The turkey export forecast is virtually unchanged from the previous month. For 2020, fed cattle, hog, broiler, and turkey prices are forecast above 2019 on expectations of strengthening demand. The egg price s are forecast higher as improved demand and modest growth in production are expected to support higher prices. The 2019 cattle price forecast is lowered from the previous month on recent price weakness. However, the hog price forecast is raised each quart er on stronger prices to date and expected price support from global pork demand in the second half of the year. Broiler, turkey, and egg price forecasts are all reduced from the previous month on weaker demand expectations for the remainder of the year. Milk production for 2020 is forecast higher than 2019. Dairy herds are expected to begin to expand as producers respond to higher milk prices and lower feed costs. Milk per cow is expected to continue increasing, and the forecast also reflects the one extra day due to leap year. Commercial exports on both fat and skim - solids bases are expected to grow in 2020 as U.S. products are expected to become more competitive due to slower growth in competitor supplies. For 2020, fat basis imports are forecast hig her while skim -solids basis imports are expected to decline slightly next year. Cheese, butter , and nonfat dry milk (NDM) prices are forecast higher than the previous year on robust demand expectations. However, the whey price forecast is slightly lower on continued softness in export demand. The Class III price is forecast to increase as stronger cheese prices more than offset the weaker expected whey price. The Class IV price is expected to increase due to higher NDM and butter prices. The 2020 all milk price is forecast at $18.80 per cwt. The 2019 milk production forecast is reduced from the previous month on declining milk cow inventories and slow growth in milk per cow. Fat basis exports are raised from the previous month on strong cheese sales to key trading partners. The skim -solids basis export forecast is also raised on higher expected cheese and lactose sales. The fat basis import forecast is unchanged from last month while the skim -solids basis import forecast is reduced on lower imports of milk protein products . Cheese and NDM price forecasts are raised from the previous month resulting in both Class III and Class IV prices being raised. The 2019 all milk price is forecast at $18.05 per cwt . WASDE -588-5 COTTON : Led by higher production, the U.S. cotton fo recasts for 2019/20 include s higher exports and ending stocks. Production is forecast at 22.0 million bales, based on 13.8 million planted acres as indicated in the NASS March Prospective Plantings report. While planted area is expected lower in 2019/20, increased precipitation to date in the Southwest suggests abandonment will fall from 2018/19’s above-average level and harvested area will rise. With harvested area up, production is projected 20 p ercent higher than in 2018/19. Domestic mill use is projected unchanged at 3.1 million bales, while exports are expected to rise 15 percent to 17.0 million. At 6.4 million bales, 2019/20 ending stocks are projected 1.8 million higher than the year before, equivalent to 32 percent of use. This would be the highest U.S. stocks -to-use ratio since 2008/09. The marketing year price received by producers is forecast to average 65 cents per pound, 5 cents lower than in 2018/19. For 2018/19, U.S. cotton produc tion is reduced marginally from last month. The export forecast is reduced 250,000 bales to 14.75 million bales as the expected U.S. share of world trade declines, and ending stocks are increased about 200,000 bales. The world 2019/20 cotton projections show a small decline in stocks and rebounding production and consumption. With global harvested area for cotton projected at its highest in 7 years, and yields rebounding in major producing countries, production is expected to rise 7.0 million bales to a near -record 125.5 million. U.S. production is expected to rise the most, closely followed by India, while lower crops are foreseen for Australia and Brazil, and China’s crop is projected unchanged. World consumption is expected to rise 2.6 percent to 125.9 million bales, slightly above the previous consumption record realized in 2006/07. Projected world trade is raised from 2018/19 as import -oriented consumers such as Bangladesh and Vietnam are accounting for a larger share of world consumpti on, and China ’s imports rise. Global en ding stocks are projected down 0.8 million this year, to 75.7 million bales, 60 percent of consumption. An even larger decline is expected in China’s stocks, and stocks outside of China are expected to rebound from their decline in 2018/19 to a new record level. For 2018/19, both world production and consumption is decreased about 500,000 bales from last month, leaving ending stocks virtually unchanged. Production is lower in India, more than offsetting an increase in Brazil. Use is reduced in Indonesia and Vietnam. Approved by the Secretary of Agriculture and t he Chairman of the World Agricultural Outlook Board, Seth D. Meyer , (202) 720- 6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY : ROBERT JOHANSSON SECRETARY OF AGRICULTURE DESIGNATE WASDE -588-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers, ICEC Chair, WAOB, E -mail: [email protected] Jennifer Bond, ERS; Andrew Sowell, FAS; Pete Riley, FPAC. Rice: William Chambers, ICEC Chair, WAOB, E-mail: wchambers @oce.usda.gov Nathan Childs, ERS; Rachel Trego, FAS; Vidalina Abadam , FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, E-mail: [email protected] Tom Capehart, ERS; Yoonhee Macke, FAS; Erik Dohlman, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail: [email protected] Mark Ash, ERS; Bill George, FAS; Sherrie Grimm , FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, E -mail: [email protected] Leslie Meyer, ERS; James Johnson, FAS; Erik Dohlman, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, E-mail: [email protected] Michael McConnell, ERS; Ron Lord, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E -mail: [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Lindsay Kuberka, FAS; Ryan Pfirrmann- Powell, FPAC. Poultry: Shayle S hagam, ICEC Chair, WAOB, E-mail: [email protected] Sherry Wise, AMS; Kim Ha, ERS; Claire Mezoughem, FAS; Milton Madison, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, E -mail: [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Milton Madison, FPAC. In 2019, the WASDE report will be released on Jun 11, July 11, Aug 12, Sep 12, Oct 10, Nov 8, and Dec 10. WASDE -588-7 T A B L E OF C O N T E N T S Page Highlights ................................................................................................................. 1 Interagency Commodity Estimates Committees ...................................................... 6 World & U.S. Supply & Use for Grains .................................................................... 8 World & U.S. Supply & Use for Cotton .................................................................... 9 World & U.S. Supply & Use for Oilseeds ............................................................... 10 U.S. Wheat Supply & Use ...................................................................................... 11 U.S. Wheat Supply & Use by Class ....................................................................... 11 U.S. Feed Grain & Corn Supply & Use .................................................................. 12 U.S. Sorghum, Barley & Oats Supply & Use ......................................................... 13 U.S. Rice Supply & Use ......................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................. 15 U.S. Sugar Supply & Use ...................................................................................... 16 Mexico Sugar Supply and Use .............................................................................. 16 U.S. Cotton Supply & Use ..................................................................................... 17 World Wheat Supply & Use ................................................................................... 18 World Coarse Grains Supply & Use ...................................................................... 20 World Corn Supply & Use ...................................................................................... 22 World Ric e Supply & Use ...................................................................................... 24 World Cotton Supply & Use ................................................................................... 26 World Soybean Supply & Use ............................................................................... 28 World Soybean Meal Supply & Use ....................................................................... 29 World Soybean Oil Supply & Use .......................................................................... 30 U.S. Quarterly Animal Product Production ............................................................ 31 U.S. Quarterly Prices for Animal Products ............................................................. 31 U.S. Meats Supply and Use ................................................................................... 32 U.S. Egg Supply & Use .......................................................................................... 33 U.S. Milk Supply and Use ...................................................................................... 33 U.S. Dairy Prices ................................................................................................... 34 Reliability Tables ................................................................................................... 35 Related USDA Reports .......................................................................................... 38 Metric Conversion Factors ..................................................................................... 38 Electronic Access and Subscriptions ...................................................................... 40 May 2019 WASDE - 588 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2017/18 2615.22 3413.47 414.91 2601.73 811.74 2018/19 (Est.) 2623.97 3435.71 427.36 2639.09 796.61 filler filler filler filler filler 2019/20 (Proj.) Apr NA NA NA NA NA 2019/20 (Proj.) May 2701.59 3498.20 438.70 2689.35 808.85 filler filler filler filler filler Wheat 2017/18 762.24 1024.32 181.77 743.02 281.31 2018/19 (Est.) 731.55 1012.86 177.91 737.87 274.98 filler filler filler filler filler 2019/20 (Proj.) Apr NA NA NA NA NA 2019/20 (Proj.) May 777.49 1052.47 184.60 759.46 293.01 filler filler filler filler filler Coarse Grains 5/ 2017/18 1357.95 1744.50 186.04 1376.14 368.37 2018/19 (Est.) 1392.53 1760.90 202.72 1409.19 351.71 filler filler filler filler filler 2019/20 (Proj.) Apr NA NA NA NA NA 2019/20 (Proj.) May 1425.68 1777.39 206.50 1433.77 343.62 filler filler filler filler filler Rice, milled 2017/18 495.03 644.65 47.10 482.58 162.06 2018/19 (Est.) 499.89 661.95 46.73 492.03 169.92 filler filler filler filler filler 2019/20 (Proj.) Apr NA NA NA NA NA 2019/20 (Proj.) May 498.42 668.35 47.60 496.13 172.22 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2017/18 437.43 541.28 94.58 357.94 88.76 2018/19 (Est.) 438.33 534.60 88.85 356.21 89.54 filler filler filler filler filler 2019/20 (Proj.) Apr NA NA NA NA NA 2019/20 (Proj.) May 452.78 550.15 88.13 362.39 99.63 filler filler filler filler filler Wheat 2017/18 47.38 83.80 24.52 29.36 29.91 2018/19 (Est.) 51.29 85.00 25.17 29.16 30.67 filler filler filler filler filler 2019/20 (Proj.) Apr NA NA NA NA NA 2019/20 (Proj.) May 51.62 86.10 24.49 30.56 31.05 filler filler filler filler filler Coarse Grains 5/ 2017/18 384.39 449.49 67.30 324.28 57.92 2018/19 (Est.) 379.92 440.66 60.73 322.76 57.17 filler filler filler filler filler 2019/20 (Proj.) Apr NA NA NA NA NA 2019/20 (Proj.) May 394.22 454.53 60.43 327.38 66.72 filler filler filler filler filler Rice, milled 2017/18 5.66 8.00 2.76 4.30 0.93 2018/19 (Est.) 7.12 8.94 2.95 4.29 1.70 filler filler filler filler filler 2019/20 (Proj.) Apr NA NA NA NA NA 2019/20 (Proj.) May 6.93 9.52 3.21 4.45 1.87 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). May 2019 WASDE - 588 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2017/18 2,177.80 2,872.19 320.33 2,243.79 722.98 2018/19 (Est.) 2,185.64 2,901.10 338.51 2,282.89 707.07 filler filler filler filler filler 2019/20 (Proj.) Apr NA NA NA NA NA 2019/20 (Proj.) May 2,248.81 2,948.05 350.57 2,326.96 709.22 filler filler filler filler filler Wheat 2017/18 714.86 940.53 157.25 713.65 251.40 2018/19 (Est.) 680.26 927.85 152.74 708.71 244.32 filler filler filler filler filler 2019/20 (Proj.) Apr NA NA NA NA NA 2019/20 (Proj.) May 725.87 966.37 160.10 728.89 261.97 filler filler filler filler filler Coarse Grains 5/ 2017/18 973.57 1,295.01 118.75 1,051.86 310.45 2018/19 (Est.) 1,012.61 1,320.24 142.00 1,086.43 294.54 filler filler filler filler filler 2019/20 (Proj.) Apr NA NA NA NA NA 2019/20 (Proj.) May 1,031.45 1,322.85 146.08 1,106.39 276.89 filler filler filler filler filler Rice, milled 2017/18 489.37 636.65 44.34 478.28 161.13 2018/19 (Est.) 492.77 653.01 43.78 487.74 168.22 filler filler filler filler filler 2019/20 (Proj.) Apr NA NA NA NA NA 2019/20 (Proj.) May 491.50 658.83 44.39 491.68 170.35 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2017/18 123.78 204.20 40.93 122.77 81.08 2018/19 (Est.) 118.43 199.51 42.03 122.71 76.47 filler filler filler filler filler 2019/20 (Proj.) Apr NA NA NA NA NA 2019/20 (Proj.) May 125.45 201.92 45.35 125.93 75.69 filler filler filler filler filler United States 2017/18 20.92 23.68 15.85 3.23 4.30 2018/19 (Est.) 18.37 22.67 14.75 3.10 4.65 filler filler filler filler filler 2019/20 (Proj.) Apr NA NA NA NA NA 2019/20 (Proj.) May 22.00 26.66 17.00 3.10 6.40 filler filler filler filler filler Foreign 4/ 2017/18 102.86 180.52 25.08 119.54 76.78 2018/19 (Est.) 100.07 176.84 27.28 119.61 71.82 filler filler filler filler filler 2019/20 (Proj.) Apr NA NA NA NA NA 2019/20 (Proj.) May 103.45 175.27 28.35 122.83 69.29 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal t o world minus United States. See global cotton tables for treatment of export/import imbalances. May 2019 WASDE - 588 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2017/18 580.49 690.34 176.19 484.60 115.75 2018/19 (Est.) 600.98 716.72 173.19 493.68 130.64 filler filler filler filler filler 2019/20 (Proj.) Apr NA NA NA NA NA 2019/20 (Proj.) May 598.03 728.66 175.31 503.09 130.42 filler filler filler filler filler Oilmeals 2017/18 331.53 348.26 88.13 328.74 16.35 2018/19 (Est.) 336.35 352.70 92.32 333.33 15.96 filler filler filler filler filler 2019/20 (Proj.) Apr NA NA NA NA NA 2019/20 (Proj.) May 343.52 359.48 94.92 340.67 15.28 filler filler filler filler filler Vegetable Oils 2017/18 198.78 219.18 79.61 192.20 22.09 2018/19 (Est.) 203.95 226.05 84.60 200.43 21.44 filler filler filler filler filler 2019/20 (Proj.) Apr NA NA NA NA NA 2019/20 (Proj.) May 208.22 229.76 87.18 205.90 20.10 filler filler filler filler filler United States Output Tota l Supply Tra de Tota l Use 2/ Ending Stocks Oilseeds 2017/18 131.48 142.50 59.19 60.17 13.83 2018/19 (Est.) 133.85 148.81 49.50 61.38 28.79 filler filler filler filler filler 2019/20 (Proj.) Apr NA NA NA NA NA 2019/20 (Proj.) May 124.25 154.48 54.30 62.27 28.05 filler filler filler filler filler Oilmeals 2017/18 47.03 51.18 13.04 37.58 0.56 2018/19 (Est.) 46.93 51.28 12.78 38.03 0.46 filler filler filler filler filler 2019/20 (Proj.) Apr NA NA NA NA NA 2019/20 (Proj.) May 47.80 51.97 12.64 38.90 0.42 filler filler filler filler filler Vegetable Oils 2017/18 12.11 18.13 1.35 15.54 1.24 2018/19 (Est.) 12.44 18.32 1.21 15.87 1.24 filler filler filler filler filler 2019/20 (Proj.) Apr NA NA NA NA NA 2019/20 (Proj.) May 12.56 18.58 1.06 16.48 1.05 filler filler filler filler filler Foreign 3/ Output Tota l Supply Tra de Tota l Use 2/ Ending Stocks Oilseeds 2017/18 449.01 547.84 117.00 424.43 101.92 2018/19 (Est.) 467.12 567.91 123.69 432.31 101.85 filler filler filler filler filler 2019/20 (Proj.) Apr NA NA NA NA NA 2019/20 (Proj.) May 473.78 574.19 121.02 440.82 102.36 filler filler filler filler filler Oilmeals 2017/18 284.50 297.08 75.09 291.16 15.78 2018/19 (Est.) 289.42 301.42 79.54 295.29 15.50 filler filler filler filler filler 2019/20 (Proj.) Apr NA NA NA NA NA 2019/20 (Proj.) May 295.72 307.51 82.28 301.76 14.86 filler filler filler filler filler Vegetable Oils 2017/18 186.67 201.06 78.26 176.66 20.85 2018/19 (Est.) 191.52 207.73 83.38 184.56 20.21 filler filler filler filler filler 2019/20 (Proj.) Apr NA NA NA NA NA 2019/20 (Proj.) May 195.66 211.18 86.12 189.42 19.05 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. May 2019 WASDE - 588 - 11 U.S. Wheat Supply and Use 1/ 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Apr May Million Acres Area Planted 46.1 47.8 NA 45.8 * Area Harvested 37.6 39.6 NA 39.0 * Bushels Yield per Harvested Acre 46.4 47.6 NA 48.6 * Million Bushels Beginning Stocks 1,181 1,099 NA 1,127 Production 1,741 1,884 NA 1,897 Imports 157 140 NA 140 Supply, Total 3,079 3,123 NA 3,164 Food 964 960 NA 965 Seed 63 62 NA 68 Feed and Residual 51 50 NA 90 Domestic, Total 1,079 1,072 NA 1,123 Exports 901 925 NA 900 Use, Total 1,980 1,997 NA 2,023 Ending Stocks 1,099 1,127 NA 1,141 Avg. Farm Price ($/bu) 2/ 4.72 5.20 NA 4.70 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2018/19 (Est.) Beginning Stocks 581 191 205 87 35 1,099 Production 662 587 286 272 77 1,884 Supply, Total 3/ 1,249 846 496 365 167 3,123 Domestic Use 423 279 188 96 86 1,072 Exports 325 255 125 200 20 925 Use, Total 748 534 313 296 106 1,997 Ending Stocks, Total May 501 313 183 69 61 1,127 Ending Stocks, Total Apr 490 305 168 69 55 1,087 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. * Planted acres reported in the March 29, 2019, "Prospective Plantings." Harvested acres and yield for other spring wheat and Durum are projected using 10 -year harvested -to-planted ratios by state and 1985-2018 yield trends by state (except for Arizona, California, and Idaho Durum). Winter wheat harvested acres and yield reported in the May 1 0, 2019,"Crop Production." ****************************************************************************** Wheat-by-class projections for 2019/ 20 will first be published in the July 11, 2019, WASDE. ****************************************************************************** May 2019 WASDE - 588 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Apr May Million Acres Area Planted 100.9 100.1 NA 103.0 * Area Harvested 90.5 89.6 NA 93.0 * Metric Tons Yield per Harvested Acre 4.24 4.24 NA 4.24 Million Metric Tons Beginning Stocks 62.1 57.9 NA 57.2 Production 384.1 379.7 NA 393.9 Imports 2.7 2.5 NA 2.8 Supply, Total 449.0 440.1 NA 453.9 Feed and Residual 138.5 139.9 NA 143.3 Food, Seed & Industrial 185.3 182.3 NA 183.5 Domestic, Total 323.8 322.2 NA 326.8 Exports 67.3 60.7 NA 60.4 Use, Total 391.1 382.9 NA 387.2 Ending Stocks 57.9 57.2 NA 66.7 CORN 2017/18 2018/19 Est. 2019/20 Pro j. 2019/20 Pro j. April May Million Acres Area Planted 90.2 89.1 NA 92.8 * Area Harvested 82.7 81.7 NA 85.4 * Bushels Yield per Harvested Acre 176.6 176.4 NA 176.0 * Million Bushels Beginning Stocks 2,293 2,140 NA 2,095 Production 14,609 14,420 NA 15,030 Imports 36 35 NA 35 Supply, Total 16,939 16,595 NA 17,160 Feed and Residual 5,304 5,300 NA 5,450 Food, Seed & Industrial 2/ 7,056 6,900 NA 6,950 Ethanol & by -products 3/ 5,605 5,450 NA 5,500 Domestic, Total 12,360 12,200 NA 12,400 Exports 2,438 2,300 NA 2,275 Use, Total 14,799 14,500 NA 14,675 Ending Stocks 2,140 2,095 NA 2,485 Avg. Farm Price ($/bu) 4/ 3.36 3.50 NA 3.30 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Databa se at www.ers.usda.gov/data -products/feed -grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by -products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average pric e received by farmers. *Planted acres reported in the March 29, 2019, "Prospective Plantings." For corn, harvested acres projected based on historical abandonment and use for silage. The yield projection is based on a weather -adjusted trend assuming nor mal mid -May planting progress and summer growing season weather, estimated using the 1988- 2018 time period, and includes a downward stochastic adjustment to account for the asymmetric response of yield to July precipitation. May 2019 WASDE - 588 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Apr May Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 5.6 5.7 NA 5.1 * Area Harvested (mil. acres) 5.0 5.1 NA 4.6 * Yield (bushels/acre) 71.7 72.1 NA 67.4 * Beginning Stocks 33 35 NA 60 Production 362 365 NA 310 Imports 2 0 NA 0 Supply, Total 397 400 NA 370 Feed and Residual 97 155 NA 125 Food, Seed & Industrial 60 100 NA 100 Total Domestic 157 255 NA 225 Exports 205 85 NA 100 Use, Total 362 340 NA 325 Ending Stocks 35 60 NA 45 Avg. Farm Price ($/bu) 2/ 3.22 3.20 NA 3.00 Filler Filler Filler Filler Filler BARLEY 2017/18 2018/19 Est. 2019/20 Pro j. 2019/20 Pro j. April May Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.5 2.5 NA 2.6 * Area Harvested (mil. acres) 2.0 2.0 NA 2.1 * Yield (bushels/acre) 73.0 77.4 NA 74.8 * Beginning Stocks 106 94 NA 89 Production 143 153 NA 157 Imports 9 6 NA 10 Supply, Total 259 254 NA 256 Feed and Residual 2 5 NA 10 Food, Seed & Industrial 157 155 NA 153 Total Domestic 159 160 NA 163 Exports 5 5 NA 3 Use, Total 164 165 NA 166 Ending Stocks 94 89 NA 90 Avg. Farm Price ($/bu) 2/ 4.47 4.60 NA 4.20 Filler Filler Filler Filler Filler OATS 2017/18 2018/19 Est. 2019/20 Pro j. 2019/20 Pro j. April May Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.6 2.7 NA 2.6 * Area Harvested (mil. acres) 0.8 0.9 NA 0.9 * Yield (bushels/acre) 61.7 64.9 NA 66.7 * Beginning Stocks 50 41 NA 33 Production 50 56 NA 60 Imports 89 85 NA 100 Supply, Total 189 182 NA 193 Feed and Residual 68 70 NA 80 Food, Seed & Industrial 77 77 NA 78 Total Domestic 146 147 NA 158 Exports 2 2 NA 2 Use, Total 148 149 NA 160 Ending Stocks 41 33 NA 33 Avg. Farm Price ($/bu) 2/ 2.59 2.65 NA 2.60 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. *Planted acres reported in the March 29, 2019, "Prospective Plantin gs." Harvested area for sorghum, barley and oats based on historical average harvested -to-planted ratios. For sorghum the projected yield is the median yield for 1989 -2018. For barley and oats, projected yields are based on the 1990 -2018 linear trends. Y ields shown reflect production rounding. May 2019 WASDE - 588 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Apr May Million Acres Area Planted 2.46 2.95 NA 2.87 * Area Harvested 2.37 2.92 NA 2.84 * Filler Pounds Yield per Harvested Acre 7,507 7,692 NA 7,697 * Million Hundredweight Beginning Stocks 2/ 46.0 29.4 NA 53.6 Production 178.2 224.2 NA 218.2 Imports 27.5 28.0 NA 28.0 Supply, Total 251.8 281.6 NA 299.8 Domestic & Residual 3/ 135.4 135.0 NA 140.0 Exports, Total 4/ 87.0 93.0 NA 101.0 Rough 28.6 33.0 NA 38.0 Milled (rough equiv.) 58.4 60.0 NA 63.0 Use, Total 222.4 228.0 NA 241.0 Ending Stocks 29.4 53.6 NA 58.8 Avg. Milling Yield (%) 5/ 70.00 70.00 NA 70.00 Avg. Farm Price ($/cwt) 6/ 12.90 12.00 NA 11.20 Tota l LONG -GRAIN RICE 2017/18 2018/19 Est. 2019/20 Pro j. 2019/20 Pro j. April May Harvested Acres (mil.) 1.75 2.18 Yield (pounds/acre) 7,314 7,517 Beginning Stocks 31.0 20.3 NA 35.3 Production 127.9 164.0 NA 159.6 Supply, Total 7/ 182.2 207.3 NA 217.9 Domestic & Residual 3/ 98.6 106.0 NA 108.0 Exports 8/ 63.3 66.0 NA 72.0 Use, Total 161.9 172.0 NA 180.0 Ending Stocks 20.3 35.3 NA 37.9 Avg. Farm Price ($/cwt) 6/ 11.50 10.70 NA 10.00 Filler Filler Filler Filler Filler MEDIUM & SHORT -GRAIN RICE 2017/18 2018/19 Est. 2019/20 Pro j. 2019/20 Pro j. April May Harvested Acres (mil.) 0.63 0.73 Yield (pounds/acre) 8,048 8,209 Beginning Stocks 11.5 7.6 NA 16.9 Production 50.4 60.3 NA 58.6 Supply, Total 7/ 68.2 72.9 NA 80.5 Domestic & Residual 3/ 36.9 29.0 NA 32.0 Exports 8/ 23.7 27.0 NA 29.0 Use, Total 60.6 56.0 NA 61.0 Ending Stocks 7.6 16.9 NA 19.5 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 17.00 16.10 NA 14.60 California 10/ 20.10 17.80 NA 16.50 Other States 1/ 11.70 12.20 NA 10.50 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2015/16 -2.9; 2016/17- 3.5; 2017/ 18-1.4. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and endin g stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing- year weighted average price received by farm ers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short -grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the preliminary California SAFP forecast and the final price has averaged $0.98 per cwt from 2014/15- 2017/18, with a high of $3.50 per cwt in 2017/18 and a low of - $0.20 per cwt in 2015/16. 10/ Marketing year beginning October 1. * Planted acres reported in March 29, 2019, "Prospective Plantings." Harvested acres are estimated u sing long run harvested -to-planted ratios by rice class. Projected yield is based on by class trend analysis and prospective planting. May 2019 WASDE - 588 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Apr May Filler Filler Filler Filler Filler Million Acres Area Planted 90.2 89.2 NA 84.6 * Area Harvested 89.5 88.1 NA 83.8 * Filler Bushels Yield per Harvested Acre 49.3 51.6 NA 49.5 * Million Bushels Beginning Stocks 302 438 NA 995 Production 4,412 4,544 NA 4,150 Imports 22 17 NA 20 Supply, Total 4,735 4,999 NA 5,165 Crushings 2,055 2,100 NA 2,115 Exports 2,129 1,775 NA 1,950 Seed 104 98 NA 96 Residual 9 31 NA 34 Use, Total 4,297 4,004 NA 4,195 Ending Stocks 438 995 NA 970 Avg. Farm Price ($/bu) 2/ 9.33 8.55 NA 8.10 Tota l SOYBEAN OIL 2017/18 2018/19 Est. 2019/20 Pro j. 2019/20 Pro j. April May Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,711 1,995 NA 1,865 Production 4/ 23,772 24,570 NA 24,535 Imports 335 400 NA 450 Supply, Total 25,819 26,965 NA 26,850 Domestic Disappearance 21,376 22,950 NA 23,600 Biodiesel 3/ 7,134 8,350 NA 8,700 Food, Feed & other Industrial 14,243 14,600 NA 14,900 Exports 2,447 2,150 NA 1,800 Use, Total 23,823 25,100 NA 25,400 Ending stocks 1,995 1,865 NA 1,450 Avg. Price (c/lb) 2/ 30.04 28.00 NA 29.50 Tota l SOYBEAN MEAL 2017/18 2018/19 Es t. 2019/20 Pro j. 2019/20 Pro j. April May Filler 1 2 3 4 Thousand Short Tons Beginning Stocks 401 555 NA 450 Production 4/ 49,226 49,095 NA 49,800 Imports 495 500 NA 350 Supply, Total 50,121 50,150 NA 50,600 Domestic Disappearance 35,509 35,950 NA 36,600 Exports 14,057 13,750 NA 13,600 Use, Total 49,566 49,700 NA 50,200 Ending Stocks 555 450 NA 400 Avg. Price ($/s.t.) 2/ 345.02 305.00 NA 290.00 Tota l Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple av erage of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,100 million bushels for 2018/19 and 2,115 milli on bushels for 2019/20. *Planted acres are reported in the March 29, 2019 Prospective Plantings report. Harvested acres are based on the 5 -year planted -to-harvested ratio. The projected yield is based on a weather -adjusted trend model and assumes normal weather. May 2019 WASDE - 588 - 16 U.S. Sugar Supply and Use 1/ 2017/18 2018/19 Est. 2018/19 Est. 2019/20 Proj. Apr May May Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 1,876 2,008 2,008 1,505 Production 2/ 9,293 9,060 8,947 9,115 Beet Sugar 5,279 4,997 4,910 5,114 Cane Sugar 4,014 4,063 4,037 4,001 Florida 1,983 2,043 2,014 2,051 Hawaii 0 0 0 0 Louisiana 1,862 1,875 1,875 1,800 Texas 169 145 148 150 Imports 3,277 2,862 2,855 3,219 TRQ 3/ 1,663 1,560 1,538 1,381 Other Program 4/ 326 350 350 350 Other 5/ 1,287 952 967 1,488 Mexico 1,223 897 897 1,418 Total Supply 14,445 13,930 13,810 13,839 Exports 170 35 35 35 Deliveries 12,185 12,270 12,270 12,320 Food 12,048 12,125 12,125 12,175 Other 6/ 137 145 145 145 Miscellaneous 82 0 0 0 Total Use 12,438 12,305 12,305 12,355 Ending Stocks 2,008 1,625 1,505 1,484 Stocks to Use Ratio 16.1 13.2 12.2 12.0 Tota l 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2017/18 and 2018/19 are based on Crop Production and processor projections where appropriate. 3/ For 2018/19, WTO raw sugar TRQ shortfall (121) and for 2019/20 (99). 4/ Composed of sugar under the re - export and polyhydric alcohol programs. 5/ Imports from Mexico; and high -tier tariff sugar and syrups not otherwise specified -- for 2018/19 (70) and 2019/20 (70). 6/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE -reported deliveries: 2017/18 -- 278; estimated 2018/19 -- 324; projected 2019/20 -- 340. Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2018/19 Est. Apr 1,395 6,152 70 5,095 1,102 1,420 2018/19 Est. May 1,395 6,200 70 4,716 1,954 995 2019/20 Proj. Apr NA NA NA NA NA NA 2019/20 Proj. May 995 6,100 70 4,776 1,394 995 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2017/18 = 1,593; Estimated Oct -Mar 2018 = 755; Projected 2018/19 = 1,520; Estimated Oct -Mar 2019 = 713; Projected 2019/20 = 1,520. Footnote source for estimate: Comite Nacional para el Desarollo Suste ntable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2018/19 (480 est); 2019/20 (480 proj). Other Deliveries/Ending Year Statistica l Adjustments: 2018/19 (0), 2019/20 (0). May 2019 WASDE - 588 - 17 U.S. Cotton Supply and Use 1/ 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Apr May Filler Filler Filler Filler Filler Area Million Acres Planted 12.72 14.10 NA 13.78 * Harvested 11.10 10.21 NA 12.54 * Filler Pounds Yield per Harvested Acre 905 864 NA 842 * Million 480 Pound Bales Beginning Stocks 2.75 4.30 NA 4.65 Production 20.92 18.37 NA 22.00 Imports 0.00 0.01 NA 0.01 Supply, Total 23.68 22.67 NA 26.66 Domestic Use 3.23 3.10 NA 3.10 Exports, Total 15.85 14.75 NA 17.00 Use, Total 19.07 17.85 NA 20.10 Unaccounted 2/ 0.30 0.17 NA 0.16 Ending Stocks 4.30 4.65 NA 6.40 Avg. Farm Price 3/ 68.6 70.0 NA 65.0 Tota l Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. *Planted area as reported in March 29, 2019 Prospective Plantings. Harvested area based on 10 -year average abandonment by region, with the Southwest adjusted to reflect favorable moisture conditions. Yield based on 5 -year average yields by region. May 2019 WASDE - 588 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 262.08 762.24 179.82 146.77 743.02 181.77 281.31 World Less China 147.15 627.91 175.82 129.27 622.02 180.77 150.04 United States 32.13 47.38 4.28 1.39 29.36 24.52 29.91 Total Foreign 229.95 714.86 175.53 145.38 713.65 157.25 251.40 Major Exporters 4/ 36.16 333.07 6.96 89.87 205.54 130.95 39.70 Argentina 0.25 18.50 0.00 0.05 5.45 12.66 0.64 Australia 5.73 21.30 0.16 4.00 7.48 13.85 5.87 Canada 6.86 29.98 0.45 4.52 9.42 21.95 5.92 European Union 5/ 10.72 151.14 5.82 58.00 130.40 23.29 14.00 Russia 10.83 85.17 0.47 20.00 43.00 41.42 12.04 Ukraine 1.77 26.98 0.06 3.30 9.80 17.78 1.24 Major Importers 6/ 160.50 202.93 115.28 37.60 290.24 12.24 176.23 Bangladesh 1.88 1.15 6.15 0.00 7.50 0.00 1.69 Brazil 2.26 4.26 7.02 0.50 12.00 0.23 1.31 China 114.93 134.33 4.00 17.50 121.00 1.00 131.26 Japan 1.21 0.97 5.88 0.75 6.60 0.28 1.18 N. Africa 7/ 14.15 19.25 27.45 2.25 45.23 0.83 14.79 Nigeria 0.20 0.07 5.09 0.05 4.75 0.40 0.20 Sel. Mideast 8/ 16.67 18.36 18.27 4.11 37.91 0.83 14.56 Southeast Asia 9/ 5.60 0.00 25.87 8.94 25.39 1.04 5.03 Selected Other India 9.80 98.51 1.17 5.00 95.83 0.44 13.20 Kazakhstan 3.36 14.80 0.10 2.10 6.90 9.00 2.37 2018/19 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 281.31 731.55 175.15 139.72 737.87 177.91 274.98 World Less China 150.04 600.12 171.65 119.72 612.87 176.71 134.99 United States 29.91 51.29 3.81 1.36 29.16 25.17 30.67 Total Foreign 251.40 680.26 171.34 138.36 708.71 152.74 244.32 Major Exporters 4/ 39.70 302.56 6.97 82.55 196.55 125.20 27.48 Argentina 0.64 19.50 0.01 0.05 5.65 13.70 0.79 Australia 5.87 17.30 0.15 5.70 9.20 10.00 4.12 Canada 5.92 31.80 0.45 4.30 9.30 24.00 4.87 European Union 5/ 14.00 137.22 5.80 52.00 123.10 24.00 9.91 Russia 12.04 71.69 0.50 18.00 40.50 37.00 6.73 Ukraine 1.24 25.06 0.06 2.50 8.80 16.50 1.06 Major Importers 6/ 176.23 199.70 112.75 38.38 294.45 12.26 181.98 Bangladesh 1.69 1.00 5.00 0.00 7.00 0.00 0.69 Brazil 1.31 5.43 7.50 0.50 12.10 0.80 1.34 China 131.26 131.43 3.50 20.00 125.00 1.20 139.99 Japan 1.18 0.88 5.80 0.68 6.53 0.27 1.06 N. Africa 7/ 14.79 21.00 26.80 2.25 46.08 0.70 15.82 Nigeria 0.20 0.06 5.00 0.05 4.66 0.40 0.20 Sel. Mideast 8/ 14.56 17.88 17.65 3.66 37.94 0.54 11.61 Southeast Asia 9/ 5.03 0.00 26.70 8.34 25.64 1.06 5.03 Selected Other India 13.20 99.70 0.10 5.00 95.00 0.50 17.50 Kazakhstan 2.37 13.95 0.06 1.80 6.60 8.50 1.27 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Sa udi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2019 WASDE - 588 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Apr NA NA NA NA NA NA NA May 274.98 777.49 179.64 150.27 759.46 184.60 293.01 World Less China Apr NA NA NA NA NA NA NA May 134.99 645.49 176.14 129.27 631.46 183.30 146.82 United States Apr NA NA NA NA NA NA NA May 30.67 51.62 3.81 2.45 30.56 24.49 31.05 Total Foreign Apr NA NA NA NA NA NA NA May 244.32 725.87 175.83 147.82 728.90 160.10 261.97 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 27.48 336.80 6.69 88.35 202.15 133.50 35.31 Argentina Apr NA NA NA NA NA NA NA May 0.79 20.00 0.01 0.05 5.75 14.00 1.05 Australia Apr NA NA NA NA NA NA NA May 4.12 22.50 0.15 5.00 8.50 13.50 4.77 Canada Apr NA NA NA NA NA NA NA May 4.87 34.50 0.45 4.50 9.50 24.00 6.32 European Union 5/ Apr NA NA NA NA NA NA NA May 9.91 153.80 5.50 56.50 128.00 27.00 14.21 Russia Apr NA NA NA NA NA NA NA May 6.73 77.00 0.50 18.50 40.50 36.00 7.73 Ukraine Apr NA NA NA NA NA NA NA May 1.06 29.00 0.08 3.80 9.90 19.00 1.23 Major Importers 6/ Apr NA NA NA NA NA NA NA May 181.98 205.17 116.49 40.56 301.48 13.05 189.10 Bangladesh Apr NA NA NA NA NA NA NA May 0.69 1.10 6.50 0.00 7.30 0.00 0.99 Brazil Apr NA NA NA NA NA NA NA May 1.34 5.50 7.50 0.50 12.20 0.80 1.34 China Apr NA NA NA NA NA NA NA May 139.99 132.00 3.50 21.00 128.00 1.30 146.19 Japan Apr NA NA NA NA NA NA NA May 1.06 0.95 5.90 0.70 6.50 0.28 1.13 N. Africa 7/ Apr NA NA NA NA NA NA NA May 15.82 18.87 27.40 2.25 46.65 0.69 14.75 Nigeria Apr NA NA NA NA NA NA NA May 0.20 0.06 5.30 0.05 4.96 0.40 0.20 Sel. Mideast 8/ Apr NA NA NA NA NA NA NA May 11.61 22.46 17.39 3.92 39.01 0.72 11.73 Southeast Asia 9/ Apr NA NA NA NA NA NA NA May 5.03 0.00 27.90 9.04 26.92 1.07 4.95 Selected Other India Apr NA NA NA NA NA NA NA May 17.50 100.00 0.05 5.50 97.00 0.50 20.05 Kazakhstan Apr NA NA NA NA NA NA NA May 1.27 13.80 0.06 1.80 6.60 7.50 1.03 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, Chin a, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egy pt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2019 WASDE - 588 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 386.55 1,357.95 187.45 836.42 1,376.14 186.04 368.37 World Less China 162.21 1,091.13 171.03 637.17 1,091.99 185.98 144.99 United States 62.17 384.39 2.94 138.61 324.28 67.30 57.92 Total Foreign 324.38 973.57 184.52 697.81 1,051.86 118.75 310.45 Major Exporters 4/ 38.41 251.87 3.62 126.15 170.16 98.87 24.87 Argentina 6.70 39.32 0.01 11.93 17.46 25.00 3.56 Australia 2.65 11.91 0.00 3.94 5.81 6.84 1.91 Brazil 14.49 85.06 1.46 57.70 68.18 25.13 7.71 Canada 5.56 26.24 1.77 15.92 23.23 5.78 4.57 Russia 2.06 41.72 0.13 21.57 31.02 11.52 1.37 Ukraine 3.01 34.07 0.05 8.44 11.82 22.50 2.81 Major Importers 5/ 39.08 243.34 133.73 283.20 367.12 10.02 39.02 European Union 6/ 15.11 152.31 19.40 121.05 162.57 7.92 16.34 Japan 1.69 0.19 17.58 13.75 17.75 0.00 1.71 Mexico 6.00 33.19 16.36 29.20 48.41 0.96 6.18 N. Afr & Mideast 7/ 7.97 27.23 39.15 58.73 66.55 0.13 7.67 Saudi Arabia 2.54 0.26 11.99 12.28 12.70 0.00 2.08 Southeast Asia 8/ 3.29 29.89 14.54 36.17 44.39 1.01 2.33 South Korea 1.81 0.20 10.19 7.80 10.31 0.00 1.90 Selected Other China 224.34 266.82 16.43 199.25 284.15 0.06 223.38 2018/19 Est. Beginning Stocks Production Imports Domes tic Feed Domes tic Total 2/ Exports Ending Stocks World 3/ 368.37 1,392.53 196.19 851.00 1,409.19 202.72 351.71 World Less China 144.99 1,127.13 183.84 652.35 1,118.54 202.66 141.29 United States 57.92 379.92 2.82 140.11 322.76 60.73 57.17 Total Foreign 310.45 1,012.61 193.37 710.89 1,086.43 142.00 294.54 Major Exporters 4/ 24.87 288.63 5.10 124.85 169.47 121.24 27.88 Argentina 3.56 56.92 0.01 12.70 18.46 34.81 7.22 Australia 1.91 10.89 0.00 3.49 5.54 5.32 1.96 Brazil 7.71 103.44 1.60 59.04 70.54 32.05 10.15 Canada 4.57 26.24 2.26 16.34 23.60 5.95 3.52 Russia 1.37 35.00 0.10 18.70 27.27 8.19 1.01 Ukraine 2.81 44.50 0.04 7.91 11.11 33.93 2.32 Major Importers 5/ 39.02 241.73 144.00 295.57 379.87 9.54 35.34 European Union 6/ 16.34 147.15 25.01 126.00 167.97 7.56 12.96 Japan 1.71 0.18 17.27 13.52 17.51 0.00 1.64 Mexico 6.18 32.50 18.11 31.02 50.26 0.80 5.74 N. Afr & Mideast 7/ 7.67 31.07 39.87 62.37 70.35 0.20 8.06 Saudi Arabia 2.08 0.29 12.61 12.75 13.23 0.00 1.75 Southeast Asia 8/ 2.33 30.27 16.56 37.46 45.41 0.99 2.77 South Korea 1.90 0.20 10.38 8.11 10.60 0.00 1.88 Selected Other China 223.38 265.41 12.35 198.65 290.65 0.06 210.42 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia and Ukraine. 5/ The European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippi nes, Thailand, and Vietnam. May 2019 WASDE - 588 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Apr NA NA NA NA NA NA NA May 351.71 1,425.68 200.76 867.21 1,433.77 206.50 343.62 World Less China Apr NA NA NA NA NA NA NA May 141.29 1,163.20 185.71 670.11 1,138.32 206.44 151.18 United States Apr NA NA NA NA NA NA NA May 57.17 394.22 3.14 143.49 327.38 60.43 66.72 Total Foreign Apr NA NA NA NA NA NA NA May 294.54 1,031.45 197.63 723.72 1,106.39 146.08 276.89 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 27.88 299.57 2.93 130.45 177.04 124.23 29.12 Argentina Apr NA NA NA NA NA NA NA May 7.22 56.56 0.01 13.48 19.94 35.31 8.54 Australia Apr NA NA NA NA NA NA NA May 1.96 12.75 0.00 4.50 6.57 6.17 1.97 Brazil Apr NA NA NA NA NA NA NA May 10.15 104.46 1.60 61.07 73.55 34.01 8.65 Canada Apr NA NA NA NA NA NA NA May 3.52 29.76 1.03 17.10 24.36 5.46 4.49 Russia Apr NA NA NA NA NA NA NA May 1.01 38.40 0.09 19.20 27.95 10.09 1.46 Ukraine Apr NA NA NA NA NA NA NA May 2.32 43.10 0.03 8.43 11.68 31.69 2.08 Major Importers 5/ Apr NA NA NA NA NA NA NA May 35.34 256.52 145.15 302.09 387.74 11.13 38.14 European Union 6/ Apr NA NA NA NA NA NA NA May 12.96 157.83 21.01 125.80 168.32 8.36 15.12 Japan Apr NA NA NA NA NA NA NA May 1.64 0.18 17.37 13.52 17.61 0.00 1.58 Mexico Apr NA NA NA NA NA NA NA May 5.74 33.10 19.01 32.41 51.99 1.50 4.36 N. Afr & Mideast 7/ Apr NA NA NA NA NA NA NA May 8.06 33.12 42.32 65.33 73.56 0.29 9.65 Saudi Arabia Apr NA NA NA NA NA NA NA May 1.75 0.25 14.01 13.55 14.00 0.00 2.02 Southeast Asia 8/ Apr NA NA NA NA NA NA NA May 2.77 31.76 16.59 38.86 46.83 0.99 3.30 South Korea Apr NA NA NA NA NA NA NA May 1.88 0.20 10.66 8.29 10.88 0.00 1.85 Selected Other China Apr NA NA NA NA NA NA NA May 210.42 262.48 15.05 197.10 295.45 0.06 192.44 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia and Ukraine. 5/ The European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2019 WASDE - 588 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 351.46 1,077.95 149.83 672.86 1,090.13 148.70 339.28 World Less China 128.44 818.88 146.37 485.86 827.13 148.69 116.75 United States 58.25 371.10 0.92 134.73 313.97 61.94 54.37 Total Foreign 293.21 706.85 148.91 538.13 776.16 86.77 284.91 Major Exporters 4/ 25.32 164.42 1.11 82.40 103.50 73.29 14.05 Argentina 5.27 32.00 0.01 8.50 12.40 22.50 2.38 Brazil 14.02 82.00 0.92 55.00 64.50 25.12 7.31 Russia 0.78 13.20 0.05 7.40 8.30 5.53 0.20 South Africa 3.70 13.10 0.10 6.60 12.10 2.10 2.70 Ukraine 1.55 24.12 0.04 4.90 6.20 18.04 1.47 Major Importers 5/ 21.97 125.99 88.35 154.70 208.85 3.72 23.74 Egypt 1.89 6.40 9.46 13.40 15.90 0.01 1.84 European Union 6/ 7.60 62.03 18.47 57.00 76.50 1.75 9.84 Japan 1.32 0.00 15.67 12.00 15.60 0.00 1.39 Mexico 5.41 27.57 16.13 24.30 42.50 0.96 5.65 Southeast Asia 7/ 3.28 29.84 14.20 36.10 44.00 1.00 2.32 South Korea 1.80 0.07 10.02 7.70 10.00 0.00 1.89 Selected Other 0.00 Canada 2.57 14.10 1.70 8.87 14.02 1.94 2.42 China 223.02 259.07 3.46 187.00 263.00 0.02 222.53 2018/19 Est. Beginning Stocks Production Imports Domes tic Feed Domes tic Total 2/ Exports Ending Stocks World 3/ 339.28 1,119.00 163.99 699.68 1,132.34 170.32 325.94 World Less China 116.75 861.67 158.99 507.68 857.34 170.30 116.11 United States 54.37 366.29 0.89 134.63 309.89 58.42 53.23 Total Foreign 284.91 752.71 163.10 565.05 822.44 111.90 272.72 Major Exporters 4/ 14.05 207.22 2.08 84.60 107.20 97.00 19.15 Argentina 2.38 49.00 0.01 9.70 13.80 31.50 6.08 Brazil 7.31 100.00 1.00 56.00 66.50 32.00 9.81 Russia 0.20 11.42 0.05 7.50 8.40 3.00 0.26 South Africa 2.70 11.00 1.00 6.60 12.30 1.00 1.40 Ukraine 1.47 35.81 0.03 4.80 6.20 29.50 1.60 Major Importers 5/ 23.74 127.28 96.90 168.00 222.55 3.99 21.38 Egypt 1.84 6.80 9.70 13.70 16.20 0.01 2.13 European Union 6/ 9.84 63.40 23.50 67.00 87.00 2.20 7.54 Japan 1.39 0.00 15.50 11.90 15.50 0.00 1.40 Mexico 5.65 26.70 17.50 25.70 43.90 0.80 5.15 Southeast Asia 7/ 2.32 30.22 16.40 37.40 45.20 0.98 2.76 South Korea 1.89 0.08 10.20 8.00 10.30 0.00 1.86 Selected Other 0.00 Canada 2.42 13.90 2.20 9.30 14.50 2.00 2.02 China 222.53 257.33 5.00 192.00 275.00 0.02 209.84 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting dis crepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2019 WASDE - 588 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Apr NA NA NA NA NA NA NA May 325.94 1,133.78 167.06 705.10 1,145.01 171.61 314.71 World Less China Apr NA NA NA NA NA NA NA May 116.11 879.78 160.06 515.10 866.01 171.59 122.90 United States Apr NA NA NA NA NA NA NA May 53.23 381.78 0.89 138.44 314.98 57.79 63.13 Total Foreign Apr NA NA NA NA NA NA NA May 272.72 752.00 166.17 566.66 830.04 113.82 251.58 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 19.15 210.00 1.17 87.50 111.70 99.50 19.12 Argentina Apr NA NA NA NA NA NA NA May 6.08 49.00 0.01 10.30 15.00 32.50 7.59 Brazil Apr NA NA NA NA NA NA NA May 9.81 101.00 1.00 58.00 69.50 34.00 8.31 Russia Apr NA NA NA NA NA NA NA May 0.26 13.00 0.04 7.60 8.50 4.50 0.30 South Africa Apr NA NA NA NA NA NA NA May 1.40 14.00 0.10 6.60 12.30 1.50 1.70 Ukraine Apr NA NA NA NA NA NA NA May 1.60 33.00 0.02 5.00 6.40 27.00 1.22 Major Importers 5/ Apr NA NA NA NA NA NA NA May 21.38 130.27 95.10 165.60 221.15 4.49 21.11 Egypt Apr NA NA NA NA NA NA NA May 2.13 7.20 10.00 14.40 16.90 0.01 2.42 European Union 6/ Apr NA NA NA NA NA NA NA May 7.54 64.20 20.00 61.00 81.50 2.00 8.24 Japan Apr NA NA NA NA NA NA NA May 1.40 0.00 15.60 11.90 15.60 0.00 1.40 Mexico Apr NA NA NA NA NA NA NA May 5.15 27.00 18.50 27.00 45.50 1.50 3.65 Southeast Asia 7/ Apr NA NA NA NA NA NA NA May 2.76 31.71 16.40 38.80 46.60 0.98 3.29 South Korea Apr NA NA NA NA NA NA NA May 1.86 0.08 10.50 8.20 10.60 0.00 1.84 Selected Other Canada Apr NA NA NA NA NA NA NA May 2.02 15.40 1.00 9.50 14.70 1.50 2.22 China Apr NA NA NA NA NA NA NA May 209.84 254.00 7.00 190.00 279.00 0.02 191.82 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2019 WASDE - 588 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 149.62 495.03 46.84 482.58 47.10 162.06 World Less China 51.12 346.15 41.34 340.10 45.71 53.06 United States 1.46 5.66 0.88 4.30 2.76 0.93 Total Foreign 148.16 489.37 45.97 478.28 44.34 161.13 Major Exporters 4/ 27.64 181.84 0.76 144.92 36.45 28.88 Burma 0.55 13.20 0.01 10.20 2.75 0.81 India 20.55 112.91 0.00 98.82 12.04 22.60 Pakistan 1.34 7.50 0.00 3.40 4.01 1.42 Thailand 4.24 20.58 0.25 11.00 11.06 3.01 Vietnam 0.97 27.66 0.50 21.50 6.59 1.03 Major Importers 5/ 108.57 241.03 21.35 248.30 1.82 120.83 China 98.50 148.87 5.50 142.49 1.39 109.00 European Union 6/ 1.19 2.01 2.00 3.70 0.35 1.15 Indonesia 2.92 37.00 2.35 38.10 0.00 4.16 Nigeria 1.74 4.66 2.00 7.10 0.00 1.30 Philippines 2.00 12.24 1.30 13.25 0.00 2.29 Sel. Mideast 7/ 0.86 2.22 3.63 5.81 0.00 0.91 Selected Other 0.00 Brazil 0.53 8.20 0.56 7.75 1.15 0.39 C. Amer & Carib 8/ 0.68 1.64 1.66 3.27 0.04 0.68 Egypt 1.43 4.30 0.09 4.20 0.05 1.56 Japan 2.41 7.79 0.69 8.60 0.06 2.23 Mexico 0.17 0.18 0.81 0.87 0.10 0.20 South Korea 2.00 3.97 0.40 4.75 0.06 1.56 2018/19 Est. Beginning Stocks Production Imports Total /2 Domes tic Exports Ending Stocks World 3/ 162.06 499.89 44.20 492.03 46.73 169.92 World Less China 53.06 351.40 40.20 347.74 44.53 54.92 United States 0.93 7.12 0.89 4.29 2.95 1.70 Total Foreign 161.13 492.77 43.31 487.74 43.78 168.22 Major Exporters 4/ 28.88 184.93 0.66 147.15 35.80 31.51 Burma 0.81 13.10 0.01 10.25 2.80 0.87 India 22.60 116.00 0.00 101.10 12.50 25.00 Pakistan 1.42 7.40 0.00 3.50 4.00 1.32 Thailand 3.01 20.72 0.25 10.80 10.00 3.17 Vietnam 1.03 27.71 0.40 21.50 6.50 1.15 Major Importers 5/ 120.83 242.64 17.40 251.40 2.61 126.87 China 109.00 148.49 4.00 144.29 2.20 115.00 European Union 6/ 1.15 1.94 2.00 3.76 0.30 1.04 Indonesia 4.16 37.10 0.50 38.10 0.00 3.66 Nigeria 1.30 4.79 2.20 7.20 0.00 1.09 Philippines 2.29 12.00 3.00 13.90 0.00 3.39 Sel. Mideast 7/ 0.91 2.01 3.85 5.90 0.00 0.87 Selected Other 0.00 Brazil 0.39 7.48 0.85 7.70 0.66 0.36 C. Amer & Carib 8/ 0.68 1.69 1.76 3.41 0.04 0.67 Egypt 1.56 2.80 0.50 4.00 0.02 0.84 Japan 2.23 7.65 0.69 8.56 0.06 1.95 Mexico 0.20 0.19 0.82 0.89 0.09 0.22 South Korea 1.56 3.87 0.41 4.71 0.05 1.07 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia , Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. May 2019 WASDE - 588 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Apr NA NA NA NA NA NA May 169.92 498.42 44.96 496.13 47.60 172.22 World Less China Apr NA NA NA NA NA NA May 54.92 352.42 40.96 351.13 44.60 55.22 United States Apr NA NA NA NA NA NA May 1.70 6.93 0.89 4.45 3.21 1.87 Total Foreign Apr NA NA NA NA NA NA May 168.22 491.50 44.07 491.68 44.39 170.35 Major Exporters 4/ Apr NA NA NA NA NA NA May 31.51 184.90 0.66 148.90 35.80 32.37 Burma Apr NA NA NA NA NA NA May 0.87 13.30 0.01 10.40 2.80 0.98 India Apr NA NA NA NA NA NA May 25.00 115.00 0.00 102.00 12.50 25.50 Pakistan Apr NA NA NA NA NA NA May 1.32 7.50 0.00 3.60 4.00 1.22 Thailand Apr NA NA NA NA NA NA May 3.17 21.10 0.25 10.90 10.00 3.62 Vietnam Apr NA NA NA NA NA NA May 1.15 28.00 0.40 22.00 6.50 1.05 Major Importers 5/ Apr NA NA NA NA NA NA May 126.87 241.25 17.33 253.01 3.40 129.03 China Apr NA NA NA NA NA NA May 115.00 146.00 4.00 145.00 3.00 117.00 European Union 6/ Apr NA NA NA NA NA NA May 1.04 2.01 2.00 3.75 0.30 1.00 Indonesia Apr NA NA NA NA NA NA May 3.66 37.40 0.50 38.00 0.00 3.56 Nigeria Apr NA NA NA NA NA NA May 1.09 4.90 2.40 7.30 0.00 1.09 Philippines Apr NA NA NA NA NA NA May 3.39 12.20 2.70 14.45 0.00 3.84 Sel. Mideast 7/ Apr NA NA NA NA NA NA May 0.87 2.03 3.93 6.06 0.00 0.78 Selected Other Brazil Apr NA NA NA NA NA NA May 0.36 7.34 0.90 7.65 0.55 0.40 C. Amer & Carib 8/ Apr NA NA NA NA NA NA May 0.67 1.64 1.83 3.43 0.04 0.67 Egypt Apr NA NA NA NA NA NA May 0.84 3.00 0.50 3.80 0.01 0.53 Japan Apr NA NA NA NA NA NA May 1.95 7.70 0.69 8.48 0.06 1.79 Mexico Apr NA NA NA NA NA NA May 0.22 0.20 0.79 0.91 0.10 0.20 South Korea Apr NA NA NA NA NA NA May 1.07 3.88 0.41 4.50 0.06 0.81 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. May 2019 WASDE - 588 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2017/18 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 80.42 123.78 41.05 122.77 40.93 0.47 81.08 World Less China 34.50 96.28 35.32 81.77 40.80 0.47 43.06 United States 2.75 20.92 3/ 3.23 15.85 0.30 4.30 Total Foreign 77.67 102.86 41.05 119.54 25.08 0.17 76.78 Major Exporters 4/ 22.03 57.10 2.46 32.75 21.72 0.02 27.11 Central Asia 5/ 2.18 6.50 3/ 3.38 2.60 0.00 2.71 Afr. Fr. Zone 6/ 1.55 5.44 3/ 0.14 4.99 0.00 1.87 S. Hemis. 7/ 10.21 15.70 0.24 4.44 8.63 0.01 13.07 Australia 2.19 4.80 3/ 0.04 3.92 0.00 3.04 Brazil 6.93 9.22 0.08 3.40 4.17 0.00 8.66 India 7.88 29.00 1.68 24.15 5.18 0.00 9.23 Major Importers 8/ 54.17 42.93 35.96 82.76 2.34 0.15 47.81 Mexico 0.45 1.56 0.93 1.90 0.35 0.03 0.66 China 45.92 27.50 5.73 41.00 0.13 0.00 38.02 European Union 9/ 0.18 1.53 0.73 0.76 1.37 0.06 0.25 Turkey 1.53 4.00 4.02 7.45 0.33 0.00 1.78 Pakistan 2.32 8.20 3.30 10.80 0.16 0.03 2.83 Indonesia 0.62 3/ 3.50 3.50 0.01 0.00 0.62 Thailand 0.20 3/ 1.15 1.13 0.00 0.03 0.20 Bangladesh 1.63 0.14 7.60 7.50 0.00 0.01 1.86 Vietnam 0.88 3/ 7.00 6.70 0.00 0.00 1.19 2018/19 Est. Beginning Stocks Production Imports Domes tic Use Exports Los s /2 Ending Stocks World 81.08 118.43 42.03 122.71 42.03 0.33 76.47 World Less China 43.06 90.68 33.53 82.21 41.88 0.33 42.85 United States 4.30 18.37 0.01 3.10 14.75 0.17 4.65 Total Foreign 76.78 100.07 42.02 119.61 27.28 0.16 71.82 Major Exporters 4/ 27.11 54.51 2.06 33.89 23.36 0.02 26.42 Central Asia 5/ 2.71 5.48 3/ 3.70 2.19 0.00 2.30 Afr. Fr. Zone 6/ 1.87 5.41 3/ 0.14 5.50 0.00 1.64 S. Hemis. 7/ 13.07 17.49 0.19 4.56 11.09 0.01 15.09 Australia 3.04 2.50 3/ 0.04 4.20 0.00 1.30 Brazil 8.66 12.80 0.05 3.50 5.80 0.00 12.21 India 9.23 25.50 1.40 24.80 4.20 0.00 7.13 Major Importers 8/ 47.81 42.70 37.37 81.53 2.78 0.14 43.43 Mexico 0.66 1.69 0.85 1.95 0.50 0.03 0.72 China 38.02 27.75 8.50 40.50 0.15 0.00 33.62 European Union 9/ 0.25 1.72 0.69 0.75 1.55 0.05 0.31 Turkey 1.78 3.70 3.00 6.50 0.45 0.00 1.53 Pakistan 2.83 7.70 3.00 10.60 0.13 0.03 2.78 Indonesia 0.62 3/ 3.20 3.20 0.01 0.00 0.61 Thailand 0.20 3/ 1.18 1.15 0.00 0.03 0.20 Bangladesh 1.86 0.14 8.00 8.00 0.00 0.01 1.98 Vietnam 1.19 3/ 7.10 7.00 0.00 0.00 1.29 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. May 2019 WASDE - 588 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2019/20 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Apr NA NA NA NA NA NA NA May 76.47 125.45 45.35 125.93 45.35 0.31 75.69 World Less China Apr NA NA NA NA NA NA NA May 42.85 97.70 34.35 84.43 45.22 0.31 44.94 United States Apr NA NA NA NA NA NA NA May 4.65 22.00 0.01 3.10 17.00 0.16 6.40 filler filler filler filler filler filler filler Total Foreign Apr NA NA NA NA NA NA NA May 71.82 103.45 45.35 122.83 28.35 0.16 69.29 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 26.42 56.97 2.14 34.81 24.18 0.02 26.51 Central Asia 5/ Apr NA NA NA NA NA NA NA May 2.30 5.57 3/ 3.99 1.79 0.00 2.10 Afr. Fr. Zone 6/ Apr NA NA NA NA NA NA NA May 1.64 6.01 3/ 0.14 5.70 0.00 1.81 S. Hemis. 7/ Apr NA NA NA NA NA NA NA May 15.09 16.40 0.21 4.67 11.93 0.01 15.09 Australia Apr NA NA NA NA NA NA NA May 1.30 2.20 3/ 0.04 2.40 0.00 1.07 filler filler filler filler filler filler filler Brazil Apr NA NA NA NA NA NA NA May 12.21 12.00 0.08 3.60 8.20 0.00 12.48 India Apr NA NA NA NA NA NA NA May 7.13 28.50 1.40 25.30 4.50 0.00 7.23 Major Importers 8/ Apr NA NA NA NA NA NA NA May 43.43 43.52 40.60 83.79 2.90 0.14 40.72 Mexico Apr NA NA NA NA NA NA NA May 0.72 1.75 0.85 2.00 0.55 0.03 0.75 China Apr NA NA NA NA NA NA NA May 33.62 27.75 11.00 41.50 0.13 0.00 30.74 European Union 9/ Apr NA NA NA NA NA NA NA May 0.31 1.78 0.67 0.73 1.69 0.05 0.29 Turkey Apr NA NA NA NA NA NA NA May 1.53 4.10 3.00 6.70 0.38 0.00 1.55 Pakistan Apr NA NA NA NA NA NA NA May 2.78 8.00 2.90 10.70 0.15 0.03 2.81 Indonesia Apr NA NA NA NA NA NA NA May 0.61 3/ 3.20 3.20 0.01 0.00 0.61 Thailand Apr NA NA NA NA NA NA NA May 0.20 3/ 1.18 1.15 0.00 0.03 0.21 Bangladesh Apr NA NA NA NA NA NA NA May 1.98 0.14 8.40 8.40 0.00 0.01 2.11 Vietnam Apr NA NA NA NA NA NA NA May 1.29 3/ 7.60 7.60 0.00 0.00 1.29 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. May 2019 WASDE - 588 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 96.16 341.54 152.92 295.14 338.56 152.96 99.10 World Less China 75.50 326.34 58.82 205.14 232.26 152.82 75.58 United States 8.21 120.07 0.59 55.93 59.00 57.95 11.92 Total Foreign 87.95 221.48 152.32 239.22 279.56 95.01 87.18 Major Exporters 3/ 60.64 171.43 4.89 85.39 94.17 85.57 57.23 Argentina 27.00 37.80 4.70 36.93 43.63 2.11 23.75 Brazil 33.21 122.00 0.18 44.52 46.51 76.18 32.70 Paraguay 0.44 10.30 0.01 3.87 3.94 6.03 0.77 Major Importers 4/ 23.34 19.11 124.51 116.06 140.35 0.43 26.17 China 20.66 15.20 94.10 90.00 106.30 0.13 23.52 European Union 1.15 2.54 14.58 14.95 16.60 0.28 1.40 Southeast Asia 1.15 0.69 7.71 3.46 8.64 0.02 0.88 Mexico 0.15 0.43 4.87 5.25 5.29 0.00 0.17 2018/19 Est. Beginning Stocks Production Imports Domes tic C rus h Domes tic Tota l Exports Ending Stocks World 2/ 99.10 362.08 149.56 301.63 347.25 150.30 113.18 World Less China 75.58 346.18 63.56 215.63 244.15 150.18 90.99 United States 11.92 123.66 0.46 57.15 60.66 48.31 27.09 Total Foreign 87.18 238.41 149.09 244.47 286.59 102.00 86.10 Major Exporters 3/ 57.23 183.98 6.51 88.68 98.31 92.30 57.11 Argentina 23.75 56.00 6.35 42.00 48.90 6.30 30.90 Brazil 32.70 117.00 0.15 42.70 45.35 78.50 26.00 Paraguay 0.77 9.00 0.01 3.90 3.98 5.60 0.20 Major Importers 4/ 26.17 19.79 119.12 114.40 139.69 0.36 25.03 China 23.52 15.90 86.00 86.00 103.10 0.13 22.20 European Union 1.40 2.68 15.50 16.30 17.96 0.20 1.42 Southeast Asia 0.88 0.66 9.09 4.20 9.56 0.04 1.03 Mexico 0.17 0.34 5.23 5.50 5.54 0.00 0.20 2019/20 Proj. Beginning Stocks Production Imports Domes tic C rus h Domes tic Tota l Exports Ending Stocks World 2/ Apr NA NA NA NA NA NA NA May 113.18 355.66 150.82 308.20 355.42 151.15 113.09 World Less China Apr NA NA NA NA NA NA NA May 90.99 338.66 63.82 222.20 251.72 151.03 90.72 United States Apr NA NA NA NA NA NA NA May 27.09 112.95 0.54 57.56 61.09 53.07 26.41 Total Foreign Apr NA NA NA NA NA NA NA May 86.10 242.72 150.27 250.64 294.33 98.08 86.68 Major Exporters 3/ Apr NA NA NA NA NA NA NA May 57.11 188.10 4.11 92.78 102.76 90.03 56.53 Argentina Apr NA NA NA NA NA NA NA May 30.90 53.00 3.90 45.00 52.15 7.00 28.65 Brazil Apr NA NA NA NA NA NA NA May 26.00 123.00 0.20 43.75 46.50 75.00 27.70 Paraguay Apr NA NA NA NA NA NA NA May 0.20 10.20 0.01 3.95 4.03 6.20 0.18 Major Importers 4/ Apr NA NA NA NA NA NA NA May 25.03 21.07 121.24 115.01 141.16 0.39 25.78 China Apr NA NA NA NA NA NA NA May 22.20 17.00 87.00 86.00 103.70 0.13 22.37 European Union Apr NA NA NA NA NA NA NA May 1.42 2.78 15.10 16.00 17.66 0.23 1.41 Southeast Asia Apr NA NA NA NA NA NA NA May 1.03 0.64 9.99 4.63 10.24 0.04 1.37 Mexico Apr NA NA NA NA NA NA NA May 0.20 0.40 5.80 5.95 5.99 0.00 0.41 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includ es Indonesia, Malaysia, Philippines, Vietnam, and Thailand). T otals may not add due to rounding. May 2019 WASDE - 588 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.24 232.35 59.99 229.23 63.92 12.43 World Less China 13.24 161.07 59.97 159.13 62.72 12.43 United States 0.36 44.66 0.45 32.21 12.75 0.50 Total Foreign 12.87 187.69 59.54 197.02 51.17 11.92 Major Exporters 3/ 7.24 68.59 0.03 25.51 43.26 7.09 Argentina 3.34 27.93 0.00 3.00 25.35 2.92 Brazil 3.32 34.50 0.02 17.71 16.06 4.06 India 0.58 6.16 0.01 4.80 1.84 0.11 Major Importers 4/ 1.90 20.48 38.62 58.96 0.66 1.38 European Union 0.49 11.81 18.35 30.04 0.40 0.21 Mexico 0.04 4.15 1.82 5.95 0.02 0.04 Southeast Asia 5/ 1.28 2.70 16.72 19.42 0.25 1.04 2018/19 Est. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ 12.43 236.34 62.88 232.74 66.37 12.54 World Less China 12.43 168.22 62.85 165.50 65.47 12.54 United States 0.50 44.54 0.45 32.61 12.47 0.41 Total Foreign 11.92 191.80 62.43 200.13 53.90 12.13 Major Exporters 3/ 7.09 72.50 0.04 26.92 45.65 7.07 Argentina 2.92 31.80 0.00 3.19 28.10 3.44 Brazil 4.06 33.10 0.03 18.13 15.70 3.36 India 0.11 7.60 0.02 5.60 1.85 0.28 Major Importers 4/ 1.38 22.31 39.77 61.21 0.58 1.67 European Union 0.21 12.88 18.70 31.04 0.35 0.40 Mexico 0.04 4.35 2.00 6.33 0.02 0.05 Southeast Asia 5/ 1.04 3.28 17.30 20.27 0.22 1.13 2019/20 Proj. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ Apr NA NA NA NA NA NA May 12.54 241.72 65.11 238.45 68.83 12.09 World Less China Apr NA NA NA NA NA NA May 12.54 173.61 65.06 171.19 67.93 12.09 United States Apr NA NA NA NA NA NA May 0.41 45.18 0.32 33.20 12.34 0.36 Total Foreign Apr NA NA NA NA NA NA May 12.13 196.54 64.79 205.25 56.49 11.73 Major Exporters 3/ Apr NA NA NA NA NA NA May 7.07 75.55 0.04 28.00 48.05 6.61 Argentina Apr NA NA NA NA NA NA May 3.44 34.00 0.00 3.30 31.00 3.14 Brazil Apr NA NA NA NA NA NA May 3.36 33.95 0.03 18.95 15.20 3.19 India Apr NA NA NA NA NA NA May 0.28 7.60 0.02 5.75 1.85 0.29 Major Importers 4/ Apr NA NA NA NA NA NA May 1.67 22.79 40.81 62.88 0.60 1.79 European Union Apr NA NA NA NA NA NA May 0.40 12.64 19.00 31.34 0.35 0.35 Mexico Apr NA NA NA NA NA NA May 0.05 4.70 2.13 6.75 0.02 0.12 Southeast Asia 5/ Apr NA NA NA NA NA NA May 1.13 3.61 17.90 21.19 0.23 1.23 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Japan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding . May 2019 WASDE - 588 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 3.79 55.17 9.72 54.63 10.51 3.54 World Less China 3.12 39.04 9.23 38.13 10.30 2.97 United States 0.78 10.78 0.15 9.70 1.11 0.91 Total Foreign 3.02 44.39 9.56 44.94 9.40 2.64 Major Exporters 3/ 0.74 19.35 0.33 12.28 7.25 0.89 Argentina 0.28 7.24 0.00 3.08 4.13 0.31 Brazil 0.29 8.54 0.05 6.94 1.51 0.42 European Union 0.16 2.84 0.28 2.23 0.90 0.16 Major Importers 4/ 1.37 18.43 5.78 24.41 0.27 0.89 China 0.67 16.13 0.48 16.50 0.21 0.57 India 0.48 1.39 2.98 4.72 0.01 0.12 North Africa 5/ 0.13 0.70 1.53 2.18 0.06 0.13 2018/19 Est. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ 3.54 56.54 10.95 56.24 11.21 3.58 World Less China 2.97 41.13 10.05 39.99 11.09 3.07 United States 0.91 11.15 0.18 10.41 0.98 0.85 Total Foreign 2.64 45.40 10.76 45.83 10.24 2.73 Major Exporters 3/ 0.89 20.23 0.38 12.52 8.01 0.97 Argentina 0.31 8.20 0.00 3.08 5.10 0.33 Brazil 0.42 8.20 0.05 7.13 1.20 0.34 European Union 0.16 3.10 0.33 2.28 1.00 0.30 Major Importers 4/ 0.89 18.09 6.71 24.57 0.21 0.91 China 0.57 15.41 0.90 16.25 0.13 0.51 India 0.12 1.71 3.40 5.00 0.01 0.23 North Africa 5/ 0.13 0.73 1.63 2.28 0.08 0.13 2019/20 Proj. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ Apr NA NA NA NA NA NA May 3.58 57.69 11.43 57.44 11.77 3.48 World Less China Apr NA NA NA NA NA NA May 3.07 42.27 10.33 41.05 11.64 2.98 United States Apr NA NA NA NA NA NA May 0.85 11.13 0.20 10.71 0.82 0.66 Total Foreign Apr NA NA NA NA NA NA May 2.73 46.56 11.23 46.74 10.95 2.83 Major Exporters 3/ Apr NA NA NA NA NA NA May 0.97 20.97 0.38 12.68 8.62 1.03 Argentina Apr NA NA NA NA NA NA May 0.33 8.80 0.00 3.14 5.65 0.34 Brazil Apr NA NA NA NA NA NA May 0.34 8.39 0.05 7.20 1.25 0.32 European Union Apr NA NA NA NA NA NA May 0.30 3.04 0.33 2.31 1.00 0.36 Major Importers 4/ Apr NA NA NA NA NA NA May 0.91 18.16 7.06 24.97 0.21 0.94 China Apr NA NA NA NA NA NA May 0.51 15.41 1.10 16.39 0.13 0.50 India Apr NA NA NA NA NA NA May 0.23 1.71 3.50 5.20 0.01 0.23 North Africa 5/ Apr NA NA NA NA NA NA May 0.13 0.73 1.66 2.32 0.08 0.12 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. May 2019 WASDE - 588 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2018 II 6,726 6,325 13,107 10,687 1,477 12,303 25,410 2,262 55.8 III 6,819 6,315 13,189 10,940 1,431 12,515 25,704 2,300 54.0 IV 6,862 7,031 13,952 10,588 1,518 12,239 26,191 2,331 53.4 Annual 26,872 26,315 53,417 42,601 5,878 49,018 102,435 9,115 217.6 2019 I 6,414 6,838 13,308 10,381 1,446 11,953 25,261 2,307 54.5 II* 6,790 6,550 13,397 10,760 1,455 12,353 25,750 2,345 56.0 III* 7,040 6,695 13,790 11,100 1,460 12,701 26,491 2,325 54.2 IV* 7,025 7,240 14,323 10,750 1,520 12,403 26,726 2,385 54.0 Annual Apr Proj. 27,280 27,325 54,833 43,010 5,860 49,412 104,245 9,285 219.5 May Proj. 27,269 27,323 54,818 42,991 5,881 49,410 104,228 9,362 218.7 2020 I* 6,480 7,080 13,617 10,475 1,460 12,061 25,678 2,320 55.8 Annual Apr Proj. NA NA NA NA NA NA NA NA NA May Proj. 27,510 28,285 56,023 43,550 5,940 50,036 106,059 9,440 222.7 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2018 II 116.72 47.91 115.1 79.6 124.4 16.07 III 110.83 43.90 93.7 80.4 120.8 16.17 IV 115.32 42.77 86.7 81.4 125.6 17.07 Annual 117.12 45.93 97.8 80.2 137.6 16.26 2019 I 125.27 40.67 94.0 82.8 107.3 16.97 II* 121.00 59.00 104.0 84.0 70.0 17.75 III* 113.00 62.00 91.0 86.0 80.0 18.40 IV* 114.00 57.00 83.0 90.0 90.0 19.00 Annual Apr Proj. 119.50 46.00 96.00 87.00 105.50 17.50 May Proj. 118.5 54.5 93.0 85.5 87.0 18.05 2020 I* 126.00 58.00 95.0 84.0 100.0 18.75 Annual Apr Proj. NA NA NA NA NA NA May Proj. 121 60 97 88 105 18.80 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8 -16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. May 2019 WASDE - 588 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2018 649 26,938 2,998 30,585 3,156 662 26,767 57.2 2019 Proj. Apr 662 27,343 3,010 31,015 3,255 675 27,085 57.6 May 662 27,335 3,013 31,010 3,171 675 27,165 57.7 2020 Proj. Apr NA NA NA NA NA NA NA NA May 675 27,576 2,960 31,211 3,245 660 27,306 57.7 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2018 554 26,330 1,042 27,926 5,870 559 21,497 50.9 2019 Proj. Apr 559 27,339 1,005 28,903 6,175 540 22,188 52.3 May 559 27,337 1,004 28,900 6,246 540 22,114 52.1 2020 Proj. Apr NA NA NA NA NA NA NA NA May 540 28,299 965 29,804 6,675 555 22,574 52.9 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2018 1,246 53,507 4,313 59,066 9,032 1,266 48,769 109.5 2019 Proj. Apr 1,266 54,920 4,287 60,473 9,437 1,256 49,780 111.2 May 1,266 54,907 4,282 60,455 9,424 1,256 49,775 111.1 2020 Proj. Apr NA NA NA NA NA NA NA NA May 1,256 56,113 4,196 61,565 9,927 1,257 50,381 111.9 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2018 856 42,145 139 43,140 7,068 845 35,227 92.4 2019 Proj. Apr 845 42,550 137 43,531 7,145 880 35,506 92.6 May 845 42,531 133 43,509 7,107 845 35,557 92.7 2020 Proj. Apr NA NA NA NA NA NA NA NA May 845 43,084 132 44,061 7,250 840 35,971 93.2 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2018 310 5,878 19 6,207 611 303 5,293 16.2 2019 Proj. Apr 303 5,860 16 6,179 610 305 5,264 16.0 May 303 5,881 16 6,199 612 305 5,283 16.0 2020 Proj. Apr NA NA NA NA NA NA NA NA May 305 5,940 16 6,261 630 305 5,326 16.1 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2018 1,170 48,562 160 49,892 7,763 1,153 40,976 110.0 2019 Proj. Apr 1,153 48,951 157 50,261 7,823 1,191 41,247 110.0 May 1,153 48,950 152 50,254 7,788 1,156 41,310 110.2 2020 Proj. Apr NA NA NA NA NA NA NA NA May 1,156 49,569 151 50,876 7,952 1,150 41,774 110.7 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2018 2,416 102,069 4,473 108,958 16,794 2,419 89,745 219.5 2019 Proj. Apr 2,419 103,871 4,444 110,734 17,260 2,447 91,027 221.2 May 2,419 103,857 4,433 110,709 17,212 2,412 91,085 221.3 2020 Proj. Apr NA NA NA NA NA NA NA NA May 2,412 105,682 4,347 112,441 17,879 2,407 92,155 222.6 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready -to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. May 2019 WASDE - 588 - 33 U.S. Egg Supply and Use Commodity 2017 2018 2019 Proj. 2019 Proj. 2020 Proj. 2020 Proj. Apr May Apr May Eggs Million Dozen Supply Beginning Stocks 142.2 87.5 78.8 78.8 NA 92.0 Production 8,890.6 9,114.6 9,285.0 9,361.8 NA 9,440.0 Imports 34.2 17.8 19.0 18.1 NA 18.0 Total Supply 9,067.0 9,219.9 9,382.8 9,458.7 NA 9,550.0 Use Exports 354.9 333.1 320.0 281.8 NA 280.0 Hatching Use 1,035.2 1,057.5 1,090.0 1,076.3 NA 1,090.0 Ending Stocks 87.5 78.8 92.0 92.0 NA 95.0 Disappearance Total 7,589.4 7,750.5 7,880.8 8,008.6 NA 8,085.0 Per Capita (number) 279.9 284.0 287.1 291.7 NA 292.8 Tota l U.S. Milk Supply and Use Commodity 2017 2018 2019 Proj. 2019 Proj. 2020 Proj. 2020 Proj. Apr May Apr May Milk Billion Pounds Production 215.5 217.6 219.5 218.7 NA 222.7 Farm Use 1.0 1.0 1.0 1.0 NA 1.0 Fat Basis Supply Beg. Commercial Stocks 12.7 13.4 13.9 13.8 NA 13.0 Marketings 214.5 216.6 218.6 217.7 NA 221.7 Imports 6.0 6.3 6.5 6.5 NA 6.6 Total Cml. Supply 233.2 236.3 239.0 238.0 NA 241.3 Fat Basis Use Commercial Exports 9.2 10.4 9.8 10.2 NA 10.4 Ending Commercial Stocks 13.4 13.8 13.4 13.0 NA 13.1 CCC Donations 0.0 0.0 0.2 0.2 NA 0.0 Domestic Commercial Use 210.6 212.2 215.6 214.6 NA 217.8 Skim -solid Basis Supply Beg. Commercial Stocks 9.5 11.8 10.5 10.7 NA 10.2 Marketings 214.5 216.6 218.6 217.7 NA 221.7 Imports 6.1 5.5 5.3 5.1 NA 5.0 Total Cml. Supply 230.2 233.9 234.3 233.5 NA 236.9 Skim -solid Basis Use Commercial Exports 40.8 44.7 42.2 42.6 NA 43.6 Ending Commercial Stocks 11.8 10.7 10.4 10.2 NA 10.3 CCC Donations 0.0 0.0 0.2 0.2 NA 0.0 Domestic Commercial Use 177.5 178.6 181.5 180.5 NA 183.0 Tota l Note: Totals may not add due to rounding. May 2019 WASDE - 588 - 34 U.S. Dairy Prices Commodity 2017 2018 2019 Proj. 2019 Proj. 2020 Proj. 2020 Proj. Apr May Apr May Product Prices 1/ Dollars Per Pound Cheese 1.6344 1.5377 1.580 1.650 NA 1.710 Butter 2.3303 2.2572 2.295 2.290 NA 2.360 Nonfat Dry Milk 0.8666 0.7945 0.985 1.005 NA 1.045 Dry Whey 0.4437 0.3422 0.395 0.395 NA 0.380 Filler Dollars Per Cwt Milk Prices 2/ Class III 16.17 14.61 15.35 16.05 NA 16.55 Class IV 15.16 14.23 16.05 16.20 NA 16.80 All Milk 3/ 17.65 16.26 17.50 18.05 NA 18.80 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated pla nts for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . May 2019 WASDE - 588 - 35 Reliability of May Projections 1/ Note: Tables on pages 35 -37 present a record of the May projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the f inal estimate by more than 3.1 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 5.3 percent. The average difference between the May pr ojection and the final estimate is 16.6 million tons, ranging from 1.7 million to 35 million tons. The May projection has been below the estimate 23 times and above 15 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 3.1 5.3 16.6 1.7 35.0 23 15 U.S. 6.7 11.4 3.0 0.0 9.8 20 18 Foreign 3.3 5.6 15.3 1.6 32.9 22 16 Exports World 6.1 10.3 6.1 0.1 17.6 26 12 U.S. 12.5 21.2 3.0 0.0 10.2 21 16 Foreign 7.0 11.9 5.7 0.4 17.8 27 11 Domestic Use World 2.2 3.7 10.3 0.3 28.3 24 14 U.S. 7.3 12.4 1.8 0.2 6.4 18 20 Foreign 2.2 3.7 9.8 0.2 28.0 25 13 Ending Stocks World 10.2 17.3 12.5 0.3 35.9 24 14 U.S. 20.8 35.3 3.6 0.1 14.1 22 16 Foreign 10.3 17.5 10.6 2.5 31.0 23 15 COARSE GRAINS 2/ Production World 3.7 6.3 26.7 1.1 103.6 19 19 U.S. 14.1 23.8 20.6 0.9 103.8 21 17 Foreign 2.8 4.7 14.8 0.2 42.8 17 21 Exports World 7.6 13.0 7.7 1.3 20.9 27 11 U.S. 27.5 46.7 8.2 0.1 29.5 17 21 Foreign 13.8 23.4 6.7 0.3 20.8 26 12 Domestic Use World 2.1 3.5 15.6 0.4 68.4 20 18 U.S. 6.0 10.1 8.0 0.2 38.4 24 14 Foreign 2.1 3.5 12.2 0.5 32.8 20 18 Ending Stocks World 21.4 36.3 25.7 2.6 155.8 24 14 U.S. 55.4 94.1 16.8 1.3 57.6 19 19 Foreign 18.8 31.9 15.0 0.0 145.0 26 12 RICE, milled Production World 2.4 4.1 7.1 0.0 21.8 23 15 U.S. 7.5 12.8 0.4 0.0 1.0 21 17 Foreign 2.5 4.2 7.1 0.4 22.0 23 15 Exports World 9.7 16.4 1.7 0.1 7.5 28 10 U.S. 11.9 20.2 0.3 0.0 1.0 19 14 Foreign 10.4 17.6 1.6 0.2 7.1 28 10 Domestic Use World 1.9 3.2 4.7 0.0 19.4 26 12 U.S. 9.3 15.9 0.2 0.0 0.6 14 23 Foreign 1.9 3.2 4.7 0.2 20.0 27 11 Ending Stocks World 14.4 24.5 6.4 0.1 26.7 26 12 U.S. 32.8 55.7 0.3 0.0 0.9 20 16 Foreign 15.8 26.7 6.4 0.1 26.3 26 12 1/ Footnotes at end of table. CONTINUED May 2019 WASDE - 588 - 36 Reliability of May Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World NA NA 10.9 1.5 23.1 6 4 U.S. 8.8 15.0 4.6 0.0 13.8 20 18 Foreign NA NA 7.3 0.7 16.9 7 3 Exports World NA NA 5.9 0.6 10.6 8 2 U.S. 15.8 26.8 3.3 0.0 11.3 20 17 Foreign NA NA 3.7 0.7 12.3 8 2 Domestic Use World NA NA 6.5 1.2 12.1 5 5 U.S. 6.4 10.8 2.0 0.2 7.5 24 14 Foreign NA NA 6.1 0.2 11.3 5 5 Ending Stocks World NA NA 9.9 2.0 20.7 6 4 U.S. 60.1 102.0 3.1 0.2 13.1 13 25 Foreign NA NA 7.4 0.1 15.7 7 3 COTTON Million 480 -Pound Bales Production World 6.3 10.7 4.4 0.1 16.7 23 15 U.S. 11.1 18.9 1.6 0.1 5.5 19 19 Foreign 6.4 10.8 3.5 0.1 12.2 21 17 Exports World 10.2 17.3 2.2 0.1 12.4 22 16 U.S. 29.8 50.6 1.4 0.1 3.9 23 15 Foreign 13.2 22.4 1.6 0.1 10.4 21 17 Domestic Use World 4.5 7.6 3.1 0.1 17.2 15 23 U.S. 9.6 16.2 0.5 0.0 1.4 17 20 Foreign 4.5 7.7 3.0 0.0 16.6 17 21 Ending Stocks World 17.8 30.2 6.4 1.0 18.1 25 13 U.S. 43.4 73.6 1.5 0.0 4.3 17 21 Foreign 16.9 28.6 5.4 0.1 17.2 25 13 1/ Marketing years 1981/82 through 2018/19 for grains, soybeans (U.S. only), and cotton. Marketing years 2009/10 through 2018/19 for global and foreign soybeans. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2017/18, and for 2018/19 the last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. May 2019 WASDE - 588 - 37 Reliability of United States May Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 14.9 25.3 730 8 4,010 17 21 Exports 28.7 48.7 298 0 1,100 18 19 Domestic Use 6.4 10.8 313 11 1,538 25 13 Ending Stocks 66.6 112.9 602 41 2,091 19 19 SORGHUM Production 20.3 34.4 87 0 228 18 19 Exports 35.7 60.6 46 0 190 18 19 Domestic Use 25.6 43.4 55 0 162 16 21 Ending Stocks 71.1 120.7 49 1 238 15 23 BARLEY Production 14.3 24.2 27 1 206 15 23 Exports 77.5 131.5 14 0 92 19 15 Domestic Use 11.5 19.4 29 0 95 17 20 Ending Stocks 22.4 38.0 23 0 78 18 19 OATS Production 25.7 43.5 31 1 231 9 29 Exports 112.0 190.1 1 0 8 9 12 Domestic Use 10.7 18.2 20 0 160 13 24 Ending Stocks 36.0 61.1 17 0 77 12 23 SOYBEAN MEAL Thousand Short Tons Production 5.7 9.7 1,317 0 5,344 24 13 Exports 17.9 30.4 987 0 2,750 23 14 Domestic Use 4.5 7.6 852 24 4,950 20 18 Ending Stocks 42.7 72.5 56 0 388 12 15 SOYBEAN OIL Million Pounds Production 5.4 9.2 658 18 2,500 27 11 Exports 35.4 60.1 477 25 1,700 21 17 Domestic Use 4.0 6.8 463 8 1,800 23 15 Ending Stocks 36.8 62.4 457 24 1,702 23 15 ANIMAL PROD. Million Pounds Beef 3.9 6.7 759 40 2,727 17 8 Pork 3.3 5.6 505 61 1,722 15 9 Broilers 2.4 4.1 656 75 1,640 11 14 Turkeys 4.1 7.0 174 2 500 12 13 Million Dozen Eggs 1.6 2.8 99 2 300 16 9 Billion Pounds Milk 1.5 2.6 2.0 0.0 6.7 11 9 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2018/19 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate followin g the marketing year for 1981/82 through 2017/18, and for 2018/19 the last month’s estimate. Calendar years 1994 through 2018 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 199 4-2018. WASDE -588-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Dema nd Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data f or grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report ar e provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ To subscribe to receive WASDE -related notifications by email or text message visit https://public.govdelivery.com/accounts/USDAOC/subscriber/new?topic_id=USDAOC_223 . Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at 202 -720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE- 588 – May 10, 2019 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202 - 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250 -9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 600 Approved by the World Agricultura l Outlook Board May 12, 2020 WHEAT: The initial outlook for 2020/21 U.S. wheat is for smaller supplies, decreased domestic use, lower exports, and reduced stocks. Supplies are decreased by 121 million bushels from 2019/20 on lower carry -in stocks and smaller production. The 2020/21 U.S. wheat crop is projected at 1,866 million bushels, down 3 percent from last year on lower yields offsetting higher harvested acreage. The all -wheat yield is projected at 49.5 bushels per acre, down 2.2 bushels from last year. The first 2020 NASS survey -base d winter wheat production forecast of 1,255 million bushels is down 4 percent from 2019, on lower Hard Red Winter and White Winter production. Total 2020/21 domestic use is projected down nearly 3 percent on reduced feed and residual use as record -large 2020/21 corn supplies are expected to displace wheat for feeding. Higher food use is partially offsetting as 2020/21 is projected up 2 million bushels to 964 million, up fr om a revised 2019/20 estimate of 962 million, which was raised 7 million this month. The NASS Flour Milling Products report, issued on May 1, indicated an unusually large volume of wheat was ground for flour in the first quarter of 2020. Exports for 2020 /21 are projected at 950 million bushels, down 20 million from the revised 2019/20 exports. Greater global 2020/21 export competition is expected for the United States with several major exporters projected having larger supplies. Projected 2020/21 ending stocks are 69 million bushels lower than last year at 909 million. The projected season -average farm price is $4.60 per bushel, unchanged from last year as the outlook for low U.S. corn prices is expected to restrain 2020/21 U.S. wheat prices. The initial outlook for 2020/21 international wheat is for larger supplies, increased trade, greater consumption, and higher ending stocks. Foreign supplies are projected to increase 23.2 million tons to 982.4 million as several major exporters (Argentina, Australia, Canada, and Russia) are projected to have higher production for 2020/21. Australia is projected with the largest increase from last year to 24.0 million tons, up 8.8 million as it recovers from a multi -year drought. Conversely, the EU is projected to decline nearly 12 million tons to 143 0 million on lower harvested area and yields. Ukraine production is also projected lower at 28.0 million tons, but this would still be the second - largest production on record. Projected 2020/21 global trade is 4 .6 million tons , or more than 2 percent higher , at a record -high 188.0 million on gr eater exportable supplies. Imports are projected to rise, primarily on increased demand by China, Algeria, Morocco, the EU, Iraq, and Uzbekistan. Russia is projected as t he 2020/21 leading world wheat exporter at 35.0 million tons with Argentina, Australia, and Canada also projected higher while the EU, Ukraine, and United States are lower. Projected 2020/21 world consumption is increased 4.9 million tons to a record -large 753.5 million as higher food, seed, and industrial use more than offsets reduced f eed use on greater global corn supplies. Projected 2020/21 world ending stocks increased 5 percent to a record -large 310.1 million tons with China accounting for 52 percent of the total. COARSE GRAINS: The U.S. feed -grain outlook for 2020/21 is for record high production and domestic use, greater exports, and larger ending stocks. The corn crop is projected at a record 16.0 billion bushels, up from last year on increased area and a return to trend yield. The yield projection of 178.5 bushels per acre is based on a weather -adjusted trend assuming normal planting progress and summer growing season weather, estimated using the 1988- 2019 time period. Despite WASDE- 600-2 beginning stock s that are down slightly from a y ear ago, total corn supplies are forecast record high at 18.1 billion bushels. Total U.S. corn use in 2020/21 is forecast to rise relative to a year ago with increases for domestic use and exports. Food, seed, and indust rial (FSI) use is projected to rise 245 million bushels to 6.6 billion. Corn used for ethanol is projected to increase from the 2019/20 COVID- 19 reduced levels, based on expectations of a rebound in U.S. motor gasoline consumption. Sorghum FSI for 2020/2 1 is lower as expectations of increased sorghum import demand from China reduce available domestic supplies. Corn feed and residual use is projected higher mostly reflecting a larger crop and lower expected prices. U.S. 2020/21 corn exports are forecast to rise 375 million bushels to 2,150 million, driven by growth in world corn trade. U.S. market share is expected to increase from the 2019/20 multi -year low, but remain s below the average level seen during 2015/16 to 2019/20 with expected competition fr om Argentina, Brazil, and Ukraine . With total U.S. corn supply rising more than use, 2020/21 U.S. ending stocks are up 1.2 billion bushels from last year and if realized would be the highest since 1987/88. Stocks relative to use at 22.4 percent would be the highest since 1992/93. With larger stocks relative to use, the season- average farm price is projected at $3.20 per bushel, down 40 cents from 2019/20 and the lowest since 2006/07. The global coarse grain outlook for 2020/21 is for record production and use and larger ending stocks. World corn production is forecast record -high, with the largest increases for the United States, Brazil, Ukraine, Mexico, and Canada. Global corn use is expected to grow 4 percent, with foreign consumption up 3 percent. Global corn imports are projected to increase 4 percent. Notable forecast increases in corn imports include the EU, Egypt, Mexico, Iran, Morocco, and Vietnam. Global corn ending stocks are up from a year ago, as a decline in foreign stocks is more than offset by an increase for the United States. Excluding China and the United States, ending stocks are up 4 percent relative to a year ago. For China, total coarse grain imports are forecast at 18.3 million tons, up 1.3 million from 2019/20 but below the 2014/15 record of 25.7 million tons. Since 2001/02, China’s largest individual coarse grain import total occurred during 2014/15 with 10.2 million tons of sorghum. Over that same time period realized corn imports reached a high of 5.5 million tons. Expectations are for robust demand from China in 2020/21, with 7.0 million tons of corn, 6.0 million of barley, and 5.0 million of sorghum imports from all sources. RICE : For the 2019/20 market year, exports are reduced 1.0 million cwt to 98 million and the all rice season -average farm price (SAFP) is lowered $0.20 per cwt to $13.00. The 2020/21 outlook for U.S. rice is for larger supplies, exports, domestic use, and ending stocks. U.S. 2020/21 all rice production is projected at 216.2 million cwt, up 17 p ercent from the previous year. Partly offsetting the increased 2020/21 crop is a 32 percent decrease in beginning stocks. The total 2020/21 rice supply is projected at 279.3 million cwt, up 7 percent from last year. U.S. 2020/21 total use is projected a t 237.5 million cwt, up 3 percent from the previous year with both domestic and residual use and exports higher. All rice ending stocks for 2020/21 are projected at 41.8 million cwt, up 37 percent from the previous year’s low level. The 2020/21 SAFP is projected at $12.90 per cwt, down $0.10 from the 2019/20 revised SAFP. World production for 2020/21 is projected at 502.0 million tons, a record , and up nearly 2 percen t from the previous year. Thailand and China lead production increases with crops rai sed 2.4 million tons and 2.3 million tons, respectively. The largest production declines are for the Philippines and Brazil. Global rice consumption is projected at a r ecord -large 498.1 million tons, up 7.9 million from the previous year. Global exports for 2020/21 are projected at 45.2 million tons, up 2.8 million tons WASDE- 600-3 from the previous year. With supplies rising more than use, global 2020/21 ending stocks are a recor d-large 184.2 million tons with China and India respectively holding 64 and 21 percent . OILSEEDS: The 2020/21 outlook for U.S. soybeans is for higher supplies, crush, exports, and lower ending stocks compared to 2019/20. The soybean crop is projected at 4.125 billion bushels, up 568 million from last year on increased harvested area and trend yields. Despite lower beginning stocks, soybean supplies are projected up 5 percent from 2019/20 to 4.720 billion bushels. Total U.S. oilseed production for 2020/21 is forecast at 123.2 million tons, up 16.1 million from 2019/20 mainly on higher soybean production. Production forecasts are also higher for sunflowerseed, peanuts, and cottonseed. Canola production is forecast lower on a reduced yield. The U.S. soybean crush for 2020/21 is projected at 2.130 billion bushels, up slightly from th e 2019/20 forecast with higher soybean meal disappearance partly offset by lower soybean meal exports. U.S. soybean exports are forecast at 2.050 billion bushels, up 375 million from the revised forecast for 2019/20. With higher global soybean import demand for 2020/21 led by expected gains for China, U.S. export share is expected to rise to 34 percent from the 2019/20 record low of 30 percent. U.S. ending stocks for 2020/21 are projected at 405 million bushels, down 175 million from the revised 2019/20 forecast. The 2020/21 U.S. season- average soybean price is projected at $8.20 per bushel, down 30 cents from 2019/20. Soybean meal prices are forecast at $290 per short ton, down $10.00 from 2019/20. Soybean oil prices are forecast at 29.0 cents per pound, up 0.5 cents from 2019/20. The global oilseed outlook for 2020/21 includes larger supplies with lower beginning stocks offset by record production; however, ending stocks are expected to decline modestly with rising use. Global oilseed production for 2020/21 is projected at a record 605.9 million tons, up 30.7 million from 2019/20 mainly on higher soybean production. Global soybean production is forecast up 26.6 mil lion tons to 362.8 million, with Brazil’s crop rising 7.0 million tons to 131.0 millio n, Argentina’s crop is up 2.5 million tons to 53.5 million, and U.S. production rising from last year’s decline. Partly offsetting are smaller soybean crops projected for China and Ukraine. Global production of high -oil content seeds is projected up 3 percent from 2019/20 on increased canola production for Canada, Australia, and Ukraine, and higher sunflowerseed production for Argentina and Ukraine. Partly offsetting is lower sunflowerseed production for Turkey. Global protein meal consumption outside of China is projected to increase 2 percent in 2020/21, down from the prior 5 -year average of 3 percent due to the slowing global economy. Protein meal consumption in China at 6 percent is stronger than the prior few years, however, as China recovers from the August 2018 outbreak of African Swine Fever. With higher protein meal demand, soybean exports are expected to increase 8.0 million tons to 161.9 million. China accounts for most of the increase in shipments with imports rising 4 million tons to 96 million. Global soybean ending stocks are projected at 98.4 million tons, down 1.9 million from 2019/20. Lower year -over-year U.S. stocks offset higher stocks in China, Brazil, and Argentina. SUGAR : U.S. sugarbeet production for 2020/21 is projected at 33.672 million tons w ith yield forecast at 30.11 tons/acre. Slower -than-average planting progress in the Upper Midwest has dampened prospects for significant gains in the national yield over last year. Assuming average levels of beet pile shrink and sli cing recovery, beet su gar production from this crop is projected at 4.965 million short tons, raw value (STRV). Beet sugar production for 2019/20 is estimated to fall slightly from last month due to processors’ reporting. Cane sugar production for 2020/2 1 is projected at 4.040 million STRV. Production in Florida and Texas are expected to be close to prior year levels. Louisiana production is projected higher at 1.800 million STRV on a return to trend yield and recovery. Imports for 2020/21 are project ed at 3.461 million STRV. TRQ imports are projected at 1.395 million STRV with levels set at minimum levels consistent with the WTO and FTA bindings. Projected 2020/21 TRQ imports of specialty sugar include only the WTO minimum quantity as additional quantities have not been announced by the Secretary of Agriculture. The WTO raw sugar TRQ WASDE- 600-4 shortfall for 2020/21 is projected at 99,208 STRV. High-tier ta riff imports for 2020/21 are projected at 50,000 STRV. Imports from Mexico for 2020/21 are projected at 1.660 million STRV. Imports from Mexico for 2019/20 are reduced by 148,840 STRV to 1.050 million on lower production in Mexico. Deliveries to domesti c users for 2020/21 are projected at 12.320 million STRV, flat with levels estimated for 2019/20. Ending stocks for 2020/21 are residually projected at 1.468 million STRV, implying a stocks -to-use ratio of 11.97 percent , up from 10.38 percent in 2019/20. Mexico production for 2020/21 is set at 6.100 million metric tons (MT), assuming a return to normal weather and area harvested projected at about the same level as this year. Production for 2019/20 is reduced by 110,000 M T to 5.125 million, mainly on redu ced area for harvest and below- average yields and sucrose recovery. Deliveries of high fructose corn s yrup for 2020/21 are projected at 1.493 million MT, the same level as now estimated for 2019/20 . Per capita sweetener deliveries for 2020/21 for human consumption are projected at the same level as in 2019/20, implying sugar deliveries at 4.140 million MT . IMMEX deliveries for 2020/21 from domestic and imported sources are projected at 435,000 MT, the same as estimated for 2019/20. Ending stocks for bot h 2020/21 and 2019/20 are set equal to 2.5 months of forecast domestic sugar deliveries before the star t of the succeeding sugarcane harvest. Total exports are residually projected but exports to the United States are projected at the expected level of U.S. Needs as defined in the amended Suspension Agreements. LIVESTOCK, POULTRY, AND DAIRY : Total U.S. r ed meat and poultry production for 2021 is projected to be above 2020 as the sector continues to recover from the impacts of COVID -19 in 2020. Beef production is forecast higher as cattle placements in 2020 are expected to shift toward the latter part of the year and be marketed and slaughtered in 2021. Heavier carcass weights are also expected to support higher production. Pork production is expect ed to increase as the sector recovers from the slaughter adjustments of 2020 . Broiler production is expect ed to surpass 2020 levels on expectations of improved returns. Turkey and egg production are forecast higher as producers respond to favorable prices in 2020. For 2020, the total red meat and poultry production forecast is reduced from last month as the sector adjusts to COVID -19 and economic uncertainty. Beef production is reduced as lower expected cattle slaughter more than offsets heavier carcass weights. Pork production is forecast lower on a slower expected pace of slaughter. However, heavier hog carcass weights are expected to partially offset lower production. Broiler and turkey production are lowered from last month as producers respond to weaker demand and adjustments to the pace of slaughter due to COVID -19. Egg production for 2020 is also r educed from last month. Red meat and poultry exports are expected to increase in 2021 on expanding production and an expected increase in global demand. For 2020, export forecasts for beef and pork are reduced on slower expected export growth due to ec onomic weakness and reduced supplies. Broiler exports are raised on current trade data and firm demand ; the turkey export forecast is virtually unchanged. For 2021, fed cattle, hog, and broiler prices are forecast higher on stronger expected demand, despite larger production. The 2021 turkey price forecast is fractionally below 2020. Egg prices in 2021 are forecast lower on supply pressure. For 2020, fed cattle prices are forecast lower on current prices and weak demand. Hog prices are raised from last month on current prices and improved demand expectations as the year progresses. Broiler prices are forecast lower on current prices , while turke y and egg price forecasts are raised. Milk production for 2021 is forecast higher than 2020 on stronger expected growth in milk per cow, despite a slightly smaller dairy cow herd. Commercial exports on a fat basis are about the same as 2020 while skim -solids basis exports are forecast higher than 2020 on relatively firm demand. Imports on both a fat basis and skim -solid basis are forecast above 2020. With improved domestic and export demand, all dairy products prices are forecast higher in 2021. Both Class III and Class IV prices are forecast higher on stronger product prices. The 2021 all milk price is forecast higher at $15.00 per cwt. WASDE- 600-5 The 2020 milk production forecast is raised from the previous month primarily on higher -than- expected cow numbers. The fat basis export forecast is rais ed from the previous month on recent trade data and stronger expected global demand. The fat basis import forecast is also raised from last month on stronger expected imports of cheese. On a skim -solids basis, the export forecast for 2020 is raised on st ronger global import demand for skim milk powder, whey products, and a number of dairy products , while the import forecast is raised on increased imports of cheese and milk protein products. Cheese and whey prices are raised from the previous month result ing in a higher Class III price forecast. Butter and NDM prices a re lowered from last month, resulting in a lower Class IV price forecast. The 2020 all milk price is forecast at $14.55 per cwt. COTTON : The U.S. cotton forecasts for 2020/21 include larger beginning stocks, consumption, exports , and ending stocks compared with the year before. Production is forecast at 19.5 million bales —400,000 bales less than the year before, based on 13.7 million planted acres as indicated in the NASS March Prospective Plantings report. Planted area is expected to be virtually unchanged from 2019/20, but harvested area is projected 2 percent lower, as abandonment rises from 2019/20. The yield is projected only slightly higher, using 10- year regional averages. Domestic mill use and exports are expected to rebound as the world economy begins to recover. Mill use is expected to rise 200,000 bales, and exports by 1 million; but ending stocks are expected to rise 600,000 bales to 7.7 million, equivalent to 41 percent of use. This would be marginally higher than in 2019/20 and the highest since 2007/08’s 55 percent. The price received by upland producers is forecast at 57 cents per pound, slightly below 2019/20. For 2019/20, U.S. cotton production is raised slightly from last month. The export forecast is unchanged, but expected consumption is 200,000 bales lower, and ending stocks 400,000 bales higher. World ending stocks in 2020/21 are projected to rise for a second consecutive year, but at a much slower pace. With harvested area down globally, production i s expected to decline 3. 7 million bales, while consumption is expected to rise 11.5 million bales as the global economy begins recovering. Global ending stocks are expected to rise 2.3 million bales, but fall as a share of consumption, from 93 percent in 2019/20 to 85 percent. For 2019/20, the world consumption forecast is reduced to 105.0 million bales, down 5.6 million from the previous forecast and 12.7 percent below the previous year. This would be the largest annual decline in world consumption sinc e the 19 th century. Wor ld production is raised 1 million bales from the previous month, and 2019/20 ending stocks are 5.9 million higher. The revised year -to-year increase in global ending stocks is 16.9 million bales. Approved by the Secretary of Agri culture and t he Chairman of the World Agricultural Outlook Board, Mark Jekanowski , (202) 720- 6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: SONNY PERDUE SECRETARY OF AGRICULTURE WASDE- 600-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers, ICEC Chair, WAOB, [email protected] Jennifer Bond, ERS; Andrew Sowell, FAS; Pete Riley, FPAC. Rice: William Chambers, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS; Vidali na Abadam, FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Tom Capehart, ERS; Yoonhee Macke, FAS; Sharon Raszap, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Mark Ash, ERS; Bill George, FAS; Sher rie Grimm, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; James Johnson, FAS; Kent Lanclos , FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Michael McConnell, ERS; Souleymane Diaby , FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Lindsay Kuberka, FAS; Georgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Kim Ha, ERS; Claire Mezoughem, FAS ; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Georgi Gabrielyan, FPAC. In 2020, the WASDE report will be released on June 11, July 10, Aug 12, Sep 11, Oct 9, Nov 10, and Dec 10. WASDE- 600-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Co tton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & U se ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Sup ply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Production .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 May 2020 WASDE - 600 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2018/19 2623.41 3442.36 429.16 2638.13 804.22 2019/20 (Est.) 2664.19 3468.42 429.48 2647.07 821.35 filler filler filler filler filler 2020/21 (Proj.) Apr NA NA NA NA NA 2020/21 (Proj.) May 2751.89 3573.24 450.74 2705.50 867.74 filler filler filler filler filler Wheat 2018/19 730.54 1014.59 173.56 735.24 279.35 2019/20 (Est.) 764.32 1043.67 183.40 748.55 295.12 filler filler filler filler filler 2020/21 (Proj.) Apr NA NA NA NA NA 2020/21 (Proj.) May 768.49 1063.61 187.98 753.49 310.12 filler filler filler filler filler Coarse Grains 5/ 2018/19 1396.42 1767.19 211.90 1419.06 348.13 2019/20 (Est.) 1406.08 1754.21 203.68 1408.33 345.88 filler filler filler filler filler 2020/21 (Proj.) Apr NA NA NA NA NA 2020/21 (Proj.) May 1481.44 1827.32 217.55 1453.88 373.44 filler filler filler filler filler Rice, milled 2018/19 496.46 660.57 43.71 483.83 176.74 2019/20 (Est.) 493.79 670.53 42.40 490.19 180.35 filler filler filler filler filler 2020/21 (Proj.) Apr NA NA NA NA NA 2020/21 (Proj.) May 501.96 682.31 45.22 498.12 184.18 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2018/19 436.32 532.31 83.39 357.64 91.28 2019/20 (Est.) 418.58 516.92 79.84 352.86 84.22 filler filler filler filler filler 2020/21 (Proj.) Apr NA NA NA NA NA 2020/21 (Proj.) May 478.15 569.91 89.37 366.74 113.80 filler filler filler filler filler Wheat 2018/19 51.31 84.89 25.48 30.02 29.39 2019/20 (Est.) 52.26 84.50 26.40 31.49 26.61 filler filler filler filler filler 2020/21 (Proj.) Apr NA NA NA NA NA 2020/21 (Proj.) May 50.78 81.21 25.86 30.62 24.74 filler filler filler filler filler Coarse Grains 5/ 2018/19 377.91 438.46 54.94 323.05 60.47 2019/20 (Est.) 360.45 424.12 50.33 317.15 56.64 filler filler filler filler filler 2020/21 (Proj.) Apr NA NA NA NA NA 2020/21 (Proj.) May 420.50 479.83 60.34 331.75 87.74 filler filler filler filler filler Rice, milled 2018/19 7.11 8.96 2.97 4.57 1.42 2019/20 (Est.) 5.86 8.30 3.11 4.22 0.97 filler filler filler filler filler 2020/21 (Proj.) Apr NA NA NA NA NA 2020/21 (Proj.) May 6.86 8.87 3.18 4.37 1.33 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use f or the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). May 20 20 WASDE - 600 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2018/19 2,187.10 2,910.05 345.77 2,280.50 712.9 4 2019/20 (Est.) 2,245.62 2,951.49 349.63 2,294.21 737.13 filler filler filler filler filler 2020/21 (Proj.) Apr NA NA NA NA NA 2020/21 (Proj.) May 2,273.74 3,003.33 361.36 2,338.76 753.94 filler filler filler filler filler Wheat 2018/19 679.23 929.71 148.08 705.22 249.97 2019/20 (Est.) 712.06 959.17 157.00 717.06 268.51 filler filler filler filler filler 2020/21 (Proj.) Apr NA NA NA NA NA 2020/21 (Proj.) May 717.71 982.40 162.12 722.88 285.38 filler filler filler filler filler Coarse Grains 5/ 2018/19 1,018.52 1,328.73 156.95 1,096.01 287.66 2019/20 (Est.) 1,045.63 1,330.10 153.35 1,091.18 289.24 filler filler filler filler filler 2020/21 (Proj.) Apr NA NA NA NA NA 2020/21 (Proj.) May 1,060.94 1,347.49 157.20 1,122.13 285.70 filler filler filler filler filler Rice, milled 2018/19 489.35 651.61 40.74 479.27 175.32 2019/20 (Est.) 487.93 662.23 39.29 485.96 179.38 filler filler filler filler filler 2020/21 (Proj.) Apr NA NA NA NA NA 2020/ 21 (Proj.) May 495.09 673.44 42.04 493.76 182.85 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2018/19 118.65 199.39 41.12 120.32 80.31 2019/20 (Est.) 122.67 202.98 40.05 105.00 97.16 filler filler filler filler filler 2020/21 (Proj.) Apr NA NA NA NA NA 2020/21 (Proj.) May 118.95 216.11 42.93 116.46 99.43 filler filler filler filler filler United States 2018/19 18.37 22.57 14.76 2.98 4.85 2019/20 (Est.) 19.91 24.77 15.00 2.70 7.10 filler filler filler filler filler 2020/21 (Proj.) Apr NA NA NA NA NA 2020/21 (Proj.) May 19.50 26.61 16.00 2.90 7.70 filler filler filler filler filler Foreign 4/ 2018/19 100.29 176.82 26.35 117.35 75.46 2019/20 (Est.) 102.76 178.21 25.05 102.30 90.06 filler filler filler filler filler 2020/21 (Proj.) Apr NA NA NA NA NA 2020 /21 (Proj.) May 99.45 189.51 26.93 113.56 91.73 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal t o world minus United States. See global cotton tables for treatment of export/import imbalances. May 2020 WASDE - 600 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2018/19 599.66 716.18 170.25 488.18 131.12 2019/20 (Est.) 575.21 706.33 177.20 497.36 114.92 filler filler filler filler filler 2020/21 (Proj.) Apr NA NA NA NA NA 2020/21 (Proj.) May 605.91 720.83 185.67 508.14 113.51 filler filler filler filler filler Oilmeals 2018/19 332.53 349.58 93.76 328.74 14.98 2019/20 (Est.) 338.64 353.62 93.89 335.60 13.68 filler filler filler filler filler 2020/21 (Proj.) Apr NA NA NA NA NA 2020/21 (Proj.) May 347.28 360.97 94.18 344.1 6 13.10 filler filler filler filler filler Vegetable Oils 2018/19 203.38 226.43 85.47 200.38 21.88 2019/20 (Est.) 203.91 225.79 83.76 200.27 21.81 filler filler filler filler filler 2020/21 (Proj.) Apr NA NA NA NA NA 2020/21 (Proj.) May 208.34 230.15 86.17 205.89 20.29 filler filler filler filler filler United States Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2018/19 130.72 145.65 48.70 61.03 26.54 2019/20 (Est.) 107.11 134.86 46.76 62.03 17.31 filler filler filler filler filler 2020/21 (Proj.) Apr NA NA NA NA NA 2020/21 (Proj.) May 123.20 141.69 57.01 62.24 12.56 filler filler filler filler filler Oilmeals 2018/19 46.52 51.01 12.60 37.99 0.42 2019/20 (Est.) 47.76 52.24 12.52 39.33 0.40 filler filler filler filler filler 2020/21 (Proj.) Apr NA NA NA NA NA 2020/21 (Proj.) May 48.01 52.26 12.20 39.64 0.42 filler filler filler filler filler Vegetable Oils 2018/19 12.20 18.14 1.10 15.89 1.16 2019/20 (Est.) 12.44 18.56 1.37 15.94 1.25 filler filler filler filler filler 2020/21 (Proj.) Apr NA NA NA NA NA 2020/21 (Proj.) May 12.54 18.76 1.17 16.35 1.25 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stock s Oilseeds 2018/19 468.95 570.52 121.55 427.15 104.58 2019/20 (Est.) 468.10 571.47 130.44 435.33 97.62 filler filler filler filler filler 2020/21 (Proj.) Apr NA NA NA NA NA 2020/21 (Proj.) May 482.71 579.15 128.66 445.89 100.95 filler filler filler filler filler Oilmeals 2018/19 286.01 298.56 81.16 290.75 14.56 2019/20 (Est.) 290.88 301.37 81.37 296.28 13.28 filler filler filler filler filler 2020/21 (Proj.) Apr NA NA NA NA NA 2020/21 (Proj.) May 299.27 308.71 81.99 304.52 12.68 filler filler filler filler filler Vegetable Oils 2018/19 191.18 208.29 84.37 184.50 20.72 2019/20 (Est.) 191.47 207.23 82.39 184.33 20.56 filler filler filler filler filler 2020/21 (Proj.) Apr NA NA NA NA NA 2020/21 (Pr oj.) May 195.80 211.39 85.00 189.54 19.05 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States . May 2020 WASDE - 600 - 11 U.S. Wheat Supply and Use 1/ 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Apr May Million Acres Area Planted 47.8 45.2 NA 44.7 * Area Harvested 39.6 37.2 NA 37.7 * Bushels Yield per Harvested Acre 47.6 51.7 NA 49.5 * Million Bushels Beginning Stocks 1,099 1,080 NA 978 Production 1,885 1,920 NA 1,866 Imports 135 105 NA 140 Supply, Total 3,119 3,105 NA 2,984 Food 955 962 NA 964 Seed 59 60 NA 61 Feed and Re sidual 90 135 NA 100 Domestic, Total 1,103 1,157 NA 1,125 Exports 936 970 NA 950 Use, Total 2,039 2,127 NA 2,075 Ending Stocks 1,080 978 NA 909 Avg. Farm Price ($/bu) 2/ 5.16 4.60 NA 4.60 U.S. Wheat by Class: Supply and Use Year be ginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2019/20 (Est.) Beginning Stocks 516 263 158 88 55 1,080 Production 833 522 239 272 54 1,920 Supply, Total 3/ 1,352 836 402 366 149 3,105 Domestic Use 472 318 189 90 88 1,157 Exports 370 275 95 190 40 970 Use, Total 842 593 284 280 128 2,127 Ending Stocks, Total May 510 243 118 86 21 978 Ending Stocks, Total Apr 503 250 116 80 21 970 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. * Planted acres reported in the March 31, 2020, "Prospective Plantings." Harvested acres and yield for other spring wheat and Durum are projected using 10- year harvested -to-planted ratios by state and 1985- 2019 yield trends by state (except for Arizona, California, and Idaho Durum). Winter wheat harvested acres and yield reported in the May 12, 2020,"Crop Production." ****************************************************************************** Wheat -by-class projections for 2020/21 wil l first be published in the July 10, 2020, WASDE. ****************************************************************************** May 2020 WASDE - 600 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Apr May Million Acres Area Planted 99.9 100.5 NA 108.7 * Area Harvested 89.2 89.1 NA 98.3 * Metric Tons Yield per Harvested Acre 4.24 4.04 NA 4.28 Million Metric Tons Beginning Stocks 57.9 60.5 NA 56.6 Production 377.7 360.2 NA 420.2 Imports 2.3 2.9 NA 2.4 Supply, Total 437.9 423.5 NA 479.3 Feed and Residual 143.0 149.2 NA 158.1 Food, Seed & Industrial 179.6 167.3 NA 173.2 Domestic, Total 322.5 316.6 NA 331.2 Exports 54.9 50.3 NA 60.3 Use, Total 377.5 366.9 NA 391.6 Ending Stocks 60.5 56.6 NA 87.7 CORN 2018/19 2019/20 E st. 2020/21 Proj. 2020/21 Proj. April May Million Acres Area Planted 88.9 89.7 NA 97.0 * Area Harvested 81.3 81.4 NA 89.6 * Bushels Yield per Harvested Acre 176.4 167.8 NA 178.5 * Million Bushels Beginning Stocks 2,140 2,221 NA 2,098 Production 14,340 13,663 NA 15,995 Imports 28 45 NA 25 Supply, Total 16,509 15,928 NA 18,118 Feed and Residual 5,430 5,700 NA 6,050 Food, Seed & Industrial 2/ 6,793 6,355 NA 6,600 Ethanol & by -products 3/ 5,378 4,950 NA 5,200 Domestic, Total 12,223 12,055 NA 12,650 Exports 2,065 1,775 NA 2,150 Use, Total 14,288 13,830 NA 14,800 Ending Stocks 2,221 2,098 NA 3,318 Avg. Farm Price ($/bu) 4/ 3.61 3.60 NA 3.20 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by- products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. * Planted acres reported in the March 31, 2020, "Prospective Plantings." For corn, harvested acres projected based on historical abandonment and use for silage. The yield projection is based on a weather -adjusted trend assuming nor mal mid -May planting progress and summer growing season weather, estimated using the 1988- 2019 time period, and includes a downward stochastic adjustment to account for the asymmetric response of yield to July precipitation. May 2020 WASDE - 600 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Apr May Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 5.7 5.3 NA 5.8 * Area Harvested (mil. acres) 5.1 4.7 NA 5.2 * Yield (bushels/acre) 72.1 73.0 NA 67.5 * Beginning Stocks 35 64 NA 35 Production 365 341 NA 351 Imports 0 0 NA 0 Supply, Total 400 405 NA 386 Feed and Residual 138 100 NA 85 Food, Seed & Industrial 106 70 NA 50 Total Domestic 244 170 NA 135 Exports 93 200 NA 220 Use, Total 336 370 NA 355 Ending Stocks 64 35 NA 31 Avg. Farm Price ($/bu) 2/ 3.26 3.25 NA 3.20 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2018/19 2019/20 E st. 2020/21 Proj. 2020/21 Proj. April May Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.5 2.7 NA 2.9 * Area Harvested (mil. acres) 2.0 2.2 NA 2.4 * Yield (bushels/acre) 77.5 77.7 NA 75.8 * Beginning Stocks 94 87 NA 92 Production 154 170 NA 182 Imports 6 8 NA 7 Supply, Total 254 264 NA 281 Feed and Residual 15 30 NA 40 Food, Seed & Industrial 148 136 NA 143 Total Domestic 162 166 NA 183 Exports 5 6 NA 5 Use, Total 167 172 NA 188 Ending Stocks 87 92 NA 93 Avg. Farm P rice ($/bu) 2/ 4.62 4.70 NA 4.30 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2018/19 2019/20 E st. 2020/21 Proj. 2020/21 Proj. April May Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.7 2.8 NA 3.0 * Area Harvested (mil. acres) 0.9 0.8 NA 1.1 * Yield (bushels/acre) 64.9 64.3 NA 66.4 * Beginning Stocks 41 38 NA 29 Production 56 53 NA 73 Imports 87 91 NA 96 Supply, Total 184 182 NA 198 Feed and Residual 66 70 NA 75 Food, Seed & Industrial 78 81 NA 79 Total Domestic 144 151 NA 154 Exports 2 2 NA 2 Use, Total 146 153 NA 156 Ending Stocks 38 29 NA 42 Avg. Farm Price ($/bu) 2/ 2.66 2.85 NA 2.50 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. * Planted acres reported in the March 31, 2020, "Prospective Plantin gs." Harvested area for sorghum, barley and oats based on historical average harveste d-to-planted ratios. For sorghum the projected yield is the median yield for 1990- 2019. For barley and oats, projected yields are based on the 1990 -2019 linear trends. Y ields shown reflect production rounding. May 2020 WASDE - 600 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Apr May Million Acres Area Planted 2.95 2.54 NA 2.85 * Area Harvested 2.91 2.47 NA 2.81 * Fil ler Pounds Yield per Harvested Acre 7,692 7,471 NA 7,699 * Million Hundredweight Beginning Stocks 2/ 29.4 44.9 NA 30.5 Production 223.8 184.7 NA 216.2 Imports 29.0 32.0 NA 32.6 Supply, Total 282.2 261.5 NA 279.3 Domesti c & Residual 3/ 143.8 133.0 NA 137.5 Exports, Total 4/ 93.6 98.0 NA 100.0 Rough 33.0 36.0 NA 37.0 Milled (rough equiv.) 60.6 62.0 NA 63.0 Use, Total 237.3 231.0 NA 237.5 Ending Stocks 44.9 30.5 NA 41.8 Avg. Milling Yield ( %) 5/ 70.00 70.00 NA 70.00 Avg. Farm Price ($/cwt) 6/ 12.60 13.00 NA 12.90 Total LONG -GRAIN RICE 2018/19 2019/20 E st. 2020/21 Proj. 2020/21 Proj. April May Harvested Acres (mil.) 2.18 1.73 Yield (pounds/acre) 7,517 7,261 Beginning Stocks 20.3 32.6 NA 14.7 Production 163.6 125.6 NA 155.5 Supply, Total 7/ 207.3 183.7 NA 196.2 Domestic & Residual 3/ 109.0 99.0 NA 103.0 Exports 8/ 65.7 70.0 NA 72.0 Use, Total 174.7 169.0 NA 175.0 Ending Stocks 32.6 14.7 NA 21.2 Avg. Farm Price ($/cwt) 6/ 10.80 12.00 NA 11.80 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2018/19 2019/20 E st. 2020/21 Proj. 2020/21 Proj. April May Harvested Acres (mil.) 0.73 0.74 Yield (pounds/acre) 8,209 7,960 Beginning Stocks 7.6 10.2 NA 13.7 Production 60.3 59.1 NA 60.7 Supply, Total 7/ 72.8 75.7 NA 81.1 Domestic & Residual 3/ 34.8 34.0 NA 34.5 Exports 8/ 27.8 28.0 NA 28.0 Use, Total 62.6 62.0 NA 62.5 Ending Stocks 10.2 13.7 NA 18.6 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 18.50 16.00 NA 16.00 California 10/ 21.10 18.00 NA 18.00 Other States 1/ 12.30 11.80 NA 11.80 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing ye ar beginning August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2016/17 -3.5; 2017/18-1.4; 2018/19 -2.1. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farm ers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain season -average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forec asts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the preliminary California SAFP forecast and the final price has averaged $1.00 per cwt from 2014/15 -2018/19, with a high of $3.50 per cwt in 2017/18 and a low of - $0.20 per cwt in 2015/16. 10/ Marketing year beginning October 1. * Planted acres reported in March 31, 2020, "Prospective Plantings." Harvested acres are estimated using long run harvested -to-planted ratios by rice class. Projected yield is based on by class trend analysis and prospective planting. May 2020 WASDE - 600 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Apr May Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 89.2 76.1 NA 83.5 * Area Harvested 87.6 75.0 NA 82.8 * Fil ler Bushels Yield per Harvested Acre 50.6 47.4 NA 49.8 * Million Bushels Beginning Stocks 438 909 NA 580 Production 4,428 3,557 NA 4,125 Imports 14 15 NA 15 Supply, Total 4,880 4,481 NA 4,720 Crushings 2,092 2,125 NA 2,130 Exports 1,748 1,675 NA 2,050 Seed 88 97 NA 100 Residual 43 4 NA 35 Use, Total 3,971 3,901 NA 4,315 Ending Stoc ks 909 580 NA 405 Avg. Farm Price ($/bu) 2/ 8.48 8.50 NA 8.20 Total SOYBEAN OIL 2018/19 2019/20 E st. 2020/21 Proj. 2020/21 Proj. April May Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,995 1,775 NA 1,880 Product ion 4/ 24,197 24,480 NA 24,685 Imports 398 375 NA 400 Supply, Total 26,590 26,630 NA 26,965 Domestic Disappearance 22,874 22,200 NA 23,000 Biodiesel 3/ 7,863 7,500 NA 8,000 Food, Feed & other Industrial 15,011 14,700 NA 15,000 Exports 1,941 2,550 NA 2,100 Use, Total 24,815 24,750 NA 25,100 Ending stocks 1,775 1,880 NA 1,865 Avg. Price (c/lb) 2/ 28.26 28.50 NA 29.00 Total SOYBEAN MEAL 2018/19 2019/20 E st. 2020/21 Proj. 2020/21 Proj. April May Fil ler 1 2 3 4 Thousa nd Short Tons Beginning Stocks 555 402 NA 375 Production 4/ 48,814 49,973 NA 50,225 Imports 684 550 NA 400 Supply, Total 50,053 50,925 NA 51,000 Domestic Disappearance 36,097 37,100 NA 37,500 Exports 13,554 13,450 NA 13,100 Use, Total 49,651 50,550 NA 50,600 Ending Stocks 402 375 NA 400 Avg. Price ($/s.t.) 2/ 308.28 300.00 NA 290.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel m ade from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,125 million bushels for 2019/20 and 2,130 million bushels for 2020/21. *Planted acres are reported in the March 31, 2020 Prospective Plantings report. Harvested acres are based on the 5 -year planted -to-harvested ratio. The projected yield is bas ed on a weather -adjusted trend model and assumes normal weather. May 2020 WASDE - 600 - 16 U.S. Sugar Supply and Use 1/ 2018/19 2019/20 Est. 2019/20 Est. 2020/21 Proj. Apr May May Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 2,008 1,783 1,783 1,273 Production 2/ 8,999 8,038 8,024 9,005 Beet Sugar 4,939 4,298 4,285 4,965 Cane Sugar 4,060 3,740 3,740 4,040 Florida 2,005 2,100 2,100 2,105 Hawaii 0 0 0 0 Louisiana 1,907 1,513 1,513 1,800 Texas 147 127 127 135 Imports 3,070 3,879 3,731 3,456 TRQ 3/ 1,541 2,180 2,180 1,395 Other Program 4/ 438 350 350 350 Other 5/ 1,092 1,349 1,200 1,710 Mexico 1,000 1,199 1,050 1,660 Total Supply 14,077 13,699 13,538 13,733 Exports 35 35 35 35 Deliveries 12,231 12,230 12,230 12,230 Food 12,106 12,125 12,125 12,125 Other 6/ 126 105 105 105 Miscellaneous 28 0 0 0 Total Use 12,294 12,265 12,265 12,265 Ending Stocks 1,783 1,434 1,273 1,468 Stocks to Use Ratio 14.5 11.7 10.4 12.0 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2019/20 and 2020/21 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2019/20, WTO raw sugar TRQ shortfall (56) and for 2020/21 (99). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Imports from Mexico; and high- tier tariff sugar and syrups not other wise specified -- for 2019/20 (150) and 2020/21 (50). 6/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license t ransfers for SCP and POLY incl usive of WASDE - reported deliveries: 2018/19 -- 374; estimated 2019/20 -- 340; projected 2020/21 -- 353. Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2019/20 Est. Apr 1,169 5,235 89 4,492 1,065 936 2019/20 Est. May 1,169 5,125 89 4,492 938 953 2020/21 Proj. Apr NA NA NA NA NA NA 2020/21 Proj. May 953 6,100 89 4,575 1,614 953 1/ HF CS consumption by Mexico (1,000 metric tons, dry basis): 2018/19 = 1,528; Estimated 2019/20 = 1,493; Projected 2020/21 = 1,493; Estimated Oct -Mar 2019/20 = 685, Oct -mar 2018/19 = 713. Footnote source for estimate: Comite Nacional para el Desarollo Suste ntable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2019/20 (435 est); 2020/21 (435 proj). Other Deliveries/Ending Year Stati stical Adjustments: 2019/20 (0), 2020/21 (0). May 2020 WASDE - 600 - 17 U.S. Cotton Supply and Use 1/ 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Apr May Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 14.10 13.74 NA 13.70 * Harvested 9.99 11.61 NA 11.35 * Fil ler Pounds Yield per Harvested Acre 882 823 NA 825 * Million 480 Pound Bales Beginning Stocks 4.20 4.85 NA 7.10 Production 18.37 19.91 NA 19.50 Imports 0.00 0.01 NA 0.01 Supply, Total 22.57 24.77 NA 26.61 Domestic Use 2.98 2.70 NA 2.90 Exports, Total 14.76 15.00 NA 16.00 Use, Total 17.74 17.70 NA 18.90 Unaccounted 2/ -0.02 -0.03 NA 0.01 Ending Stocks 4.85 7.10 NA 7.70 Avg. Farm Price 3/ 70.3 59.0 NA 57.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. *Planted area as reported in March 31, 2020 Prospective Plantings. Harvested area based on 10 -year average abandonment by region. Yield is based on 10 -year average yields by region. May 2020 WASDE - 600 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 284.06 730.54 170.56 139.53 735.24 173.56 279.35 World Less China 152.86 599.11 167.41 119.53 610.24 172.55 139.59 United States 29.91 51.31 3.67 2.44 30.02 25.48 29.39 Total Foreign 254.15 679.23 166.88 137.09 705.22 148.08 249.97 Major Exporters 4/ 39.86 302.43 7.17 81.73 194.57 120.77 34.12 Argentina 0.47 19.50 0.01 0.05 6.05 12.19 1.74 Australia 5.51 17.30 0.36 5.70 9.20 9.01 4.96 Canada 6.73 32.20 0.48 3.98 8.97 24.40 6.04 European Union 5/ 13.89 136.69 5.76 51.50 121.05 23.31 11.97 Russia 12.03 71.69 0.45 18.00 40.50 35.84 7.82 Ukraine 1.24 25.06 0.11 2.50 8.80 16.02 1.59 Major Importers 6/ 177.49 199.78 111.28 38.34 294.24 12.33 181.98 Bangladesh 2.23 1.10 5.10 0.28 7.18 0.00 1.26 Brazil 1.31 5.43 7.02 0.50 12.10 0.60 1.06 China 131.20 131.43 3.15 20.00 125.00 1.01 139.77 Japan 1.23 0.86 5.73 0.68 6.48 0.29 1.05 N. Africa 7/ 14.86 21.00 26.95 2.25 46.15 1.19 15.47 Nigeria 0.20 0.06 4.59 0.05 4.25 0.40 0.20 Sel. Mideast 8/ 15.07 17.88 17.25 3.45 37.70 0.58 11.91 Southeast Asia 9/ 5.51 0.00 26.37 8.14 25.34 1.10 5.44 Selected Other India 13.23 99.87 0.02 5.00 95.63 0.50 16.99 Kazakhstan 2.54 13.95 0.09 1.80 6.60 8.30 1.68 2019/20 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 279.35 764.32 179.76 143.38 748.55 183.40 295.12 World Less China 139.59 630.73 175.76 124.38 622.55 182.40 144.77 United States 29.39 52.26 2.86 3.67 31.49 26.40 26.61 Total Foreign 249.97 712.06 176.90 139.71 717.06 157.00 268.51 Major Exporters 4/ 34.12 324.61 6.04 83.35 197.50 133.70 33.56 Argentina 1.74 19.50 0.01 0.05 6.30 13.50 1.45 Australia 4.96 15.20 0.45 5.20 8.70 8.20 3.71 Canada 6.04 32.35 0.55 5.30 10.40 23.00 5.54 European Union 5/ 11.97 154.78 4.60 53.00 123.00 35.00 13.35 Russia 7.82 73.61 0.35 17.00 40.00 33.50 8.28 Ukraine 1.59 29.17 0.08 2.80 9.10 20.50 1.23 Major Importers 6/ 181.98 203.47 119.28 37.36 297.84 12.84 194.05 Bangladesh 1.26 1.20 6.70 0.30 7.40 0.00 1.76 Brazil 1.06 5.20 7.20 0.50 12.10 0.45 0.91 China 139.77 133.59 4.00 19.00 126.00 1.00 150.36 Japan 1.05 1.10 5.60 0.60 6.25 0.28 1.22 N. Africa 7/ 15.47 18.40 27.65 2.25 46.78 0.99 13.75 Nigeria 0.20 0.06 5.10 0.05 4.76 0.40 0.20 Sel. Mideast 8/ 11.91 22.18 16.73 3.42 38.06 0.80 11.96 Southeast Asia 9/ 5.44 0.00 26.60 8.04 25.64 1.02 5.38 Selected Other India 16.99 103.60 0.02 6.00 96.11 0.50 24.00 Kazakhstan 1.68 11.45 0.40 1.60 6.40 6.00 1.14 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the diffe rences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arab ia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2020 WASDE - 600 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Apr NA NA NA NA NA NA NA May 295.12 768.49 182.84 137.47 753.49 187.98 310.12 World Less China Apr NA NA NA NA NA NA NA May 144.77 633.49 176.84 117.47 623.49 186.98 149.76 United States Apr NA NA NA NA NA NA NA May 26.61 50.78 3.81 2.72 30.62 25.86 24.74 Total Foreign Apr NA NA NA NA NA NA NA May 268.51 717.71 179.03 134.75 722.88 162.12 285.38 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 33.56 327.00 6.73 79.15 193.15 136.50 37.64 Argentina Apr NA NA NA NA NA NA NA May 1.45 21.00 0.01 0.05 6.20 14.50 1.75 Australia Apr NA NA NA NA NA NA NA May 3.71 24.00 0.20 4.00 7.55 15.00 5.36 Canada Apr NA NA NA NA NA NA NA May 5.54 34.00 0.45 4.60 9.80 24.50 5.69 European Union 5/ Apr NA NA NA NA NA NA NA May 13.35 143.00 5.50 50.50 120.30 28.50 13.05 Russia Apr NA NA NA NA NA NA NA May 8.28 77.00 0.50 17.50 40.50 35.00 10.28 Ukraine Apr NA NA NA NA NA NA NA May 1.23 28.00 0.08 2.50 8.80 19.00 1.51 Major Importers 6/ Apr NA NA NA NA NA NA NA May 194.05 204.28 119.84 36.76 302.38 12.91 202.88 Bangladesh Apr NA NA NA NA NA NA NA May 1.76 1.25 6.60 0.30 7.50 0.00 2.11 Brazil Apr NA NA NA NA NA NA NA May 0.91 5.50 7.10 0.50 12.10 0.60 0.81 China Apr NA NA NA NA NA NA NA May 150.36 135.00 6.00 20.00 130.00 1.00 160.36 Japan Apr NA NA NA NA NA NA NA May 1.22 0.87 5.60 0.60 6.25 0.28 1.16 N. Africa 7/ Apr NA NA NA NA NA NA NA May 13.75 17.43 29.70 1.95 47.15 0.99 12.74 Nigeria Apr NA NA NA NA NA NA NA May 0.20 0.06 5.10 0.05 4.76 0.40 0.20 Sel. Mideast 8/ Apr NA NA NA NA NA NA NA May 11.96 22.35 16.99 3.42 38.78 0.67 11.85 Southeast Asia 9/ Apr NA NA NA NA NA NA NA May 5.38 0.00 26.35 7.04 24.89 1.07 5.77 Selected Other India Apr NA NA NA NA NA NA NA May 24.00 103.00 0.03 6.00 99.00 1.00 27.03 Kazakhstan Apr NA NA NA NA NA NA NA May 1.14 13.50 0.10 1.50 6.30 7.10 1.34 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Phi lippines, Thailand, Vietnam, Leb anon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2020 WASDE - 600 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 370.77 1,396.42 192.74 850.32 1,419.06 211.90 348.13 World Less China 147.79 1,131.91 182.20 654.87 1,131.69 211.83 137.54 United States 57.92 377.91 2.64 143.14 323.05 54.94 60.47 Total Foreign 312.85 1,018.52 190.10 707.19 1,096.02 156.95 287.66 Major Exporters 4/ 27.09 292.61 5.74 126.34 170.87 133.85 20.72 Argentina 3.37 59.22 0.01 12.28 18.09 40.89 3.61 Australia 2.29 10.93 0.00 4.74 6.76 4.09 2.39 Brazil 9.67 104.33 2.32 59.95 70.98 39.79 5.55 Canada 4.57 26.20 2.69 16.20 24.15 5.97 3.34 Russia 1.37 35.00 0.05 18.80 27.37 7.84 1.22 Ukraine 2.91 44.50 0.06 7.93 10.96 34.07 2.45 Major Importers 5/ 39.96 243.51 142.98 295.36 379.76 10.32 36.36 European Union 6/ 16.33 148.27 26.44 127.00 168.69 8.82 13.53 Japan 1.82 0.18 17.73 13.78 17.89 0.00 1.84 Mexico 6.18 33.40 17.41 31.27 50.51 0.72 5.76 N. Afr & Mideast 7/ 7.76 31.08 38.82 61.98 70.10 0.10 7.46 Saudi Arabia 2.63 0.29 10.17 10.75 11.13 0.00 1.97 Southeast Asia 8/ 2.56 29.99 16.84 37.69 45.72 0.68 2.99 South Korea 1.86 0.21 10.96 8.60 11.18 0.00 1.85 Selected Other China 222.98 264.51 10.54 195.45 287.37 0.07 210.59 2019/20 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 348.13 1,406.08 203.38 866.75 1,408.33 203.68 345.88 World Less China 137.54 1,137.89 186.38 673.75 1,121.18 203.62 137.30 United States 60.47 360.45 3.19 149.46 317.15 50.33 56.64 Total Foreign 287.66 1,045.63 200.19 717.29 1,091.18 153.35 289.24 Major Exporters 4/ 20.72 303.94 3.81 129.82 173.82 130.04 24.60 Argentina 3.61 56.75 0.01 12.55 18.14 36.91 5.32 Australia 2.39 10.56 0.00 4.42 6.39 4.35 2.21 Brazil 5.55 104.57 1.90 60.01 71.14 36.01 4.87 Canada 3.34 28.51 1.67 16.90 23.76 5.04 4.72 Russia 1.22 40.50 0.09 22.14 31.09 8.39 2.33 Ukraine 2.45 46.55 0.03 6.92 10.04 36.84 2.14 Major Importers 5/ 36.36 255.34 145.46 301.62 388.23 12.58 36.36 European Union 6/ 13.53 161.06 22.28 126.60 169.92 11.20 15.75 Japan 1.84 0.22 17.62 13.75 17.87 0.00 1.81 Mexico 5.76 30.41 18.36 31.97 51.15 0.70 2.68 N. Afr & Mideast 7/ 7.46 33.33 41.91 66.12 74.52 0.10 8.08 Saudi Arabia 1.97 0.27 11.51 11.15 11.51 0.00 2.24 Southeast Asia 8/ 2.99 29.77 18.20 38.77 47.19 0.59 3.17 South Korea 1.85 0.20 11.51 9.04 11.64 0.00 1.92 Selected Other China 210.59 268.20 17.00 193.00 287.15 0.06 208.58 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, an d Ukraine. 5/ The European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ In donesia, Malaysia, Philippines, Thailand, and Vietnam. May 2020 WASDE - 600 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Apr NA NA NA NA NA NA NA May 345.88 1,481.44 211.01 892.97 1,453.88 217.55 373.44 World Less China Apr NA NA NA NA NA NA NA May 137.30 1,214.07 192.76 695.52 1,160.28 217.48 172.91 United States Apr NA NA NA NA NA NA NA May 56.64 420.50 2.70 158.23 331.75 60.34 87.74 Total Foreign Apr NA NA NA NA NA NA NA May 289.24 1,060.94 208.31 734.74 1,122.13 157.20 285.70 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 24.60 312.99 3.45 132.46 178.49 133.69 28.86 Argentina Apr NA NA NA NA NA NA NA May 5.32 56.70 0.01 13.49 19.75 36.71 5.57 Australia Apr NA NA NA NA NA NA NA May 2.21 12.71 0.00 4.88 6.87 5.30 2.75 Brazil Apr NA NA NA NA NA NA NA May 4.87 109.41 2.20 61.08 72.22 38.01 6.25 Canada Apr NA NA NA NA NA NA NA May 4.72 30.30 1.06 17.03 24.99 4.98 6.11 Russia Apr NA NA NA NA NA NA NA May 2.33 39.40 0.07 21.80 30.95 8.28 2.57 Ukraine Apr NA NA NA NA NA NA NA May 2.14 49.85 0.02 7.50 10.72 38.11 3.18 Major Importers 5/ Apr NA NA NA NA NA NA NA May 36.36 261.77 150.02 310.29 398.59 11.79 37.77 European Union 6/ Apr NA NA NA NA NA NA NA May 15.75 163.09 23.31 130.40 174.75 10.44 16.96 Japan Apr NA NA NA NA NA NA NA May 1.81 0.20 17.67 13.75 17.87 0.00 1.81 Mexico Apr NA NA NA NA NA NA NA May 2.68 33.60 18.80 32.27 51.65 0.60 2.83 N. Afr & Mideast 7/ Apr NA NA NA NA NA NA NA May 8.08 33.92 44.66 69.44 78.07 0.12 8.48 Saudi Arabia Apr NA NA NA NA NA NA NA May 2.24 0.27 11.01 11.05 11.41 0.00 2.11 Southeast Asia 8/ Apr NA NA NA NA NA NA NA May 3.17 30.41 18.28 39.57 48.17 0.63 3.05 South Korea Apr NA NA NA NA NA NA NA May 1.92 0.20 11.91 9.45 12.09 0.00 1.95 Selected Other China Apr NA NA NA NA NA NA NA May 208.58 267.38 18.25 197.45 293.60 0.07 200.53 1/ Aggregate of local marketing years. Coars e grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differen ces in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ The European Union, Japan, Mexico, selected North Africa and Midd le East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2020 WASDE - 600 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 341.28 1,123.41 162.96 702.40 1,143.76 180.9 3 320.92 World Less China 118.75 866.08 158.47 511.40 869.76 180.91 110.60 United States 54.37 364.26 0.71 137.93 310.47 52.46 56.41 Total Foreign 286.91 759.15 162.25 564.46 833.29 128.47 264.51 Major Exporters 4/ 16.12 211.04 2.27 85.30 107.10 111.28 11.05 Argentina 2.41 51.00 0.01 9.70 13.80 37.24 2.37 Brazil 9.28 101.00 1.66 57.00 67.00 39.75 5.19 Russia 0.20 11.42 0.04 7.60 8.50 2.77 0.38 South Africa 2.67 11.82 0.53 6.40 12.00 1.20 1.83 Ukraine 1.57 35.81 0.04 4.60 5.80 30.32 1.29 Major Importers 5/ 23.91 128.86 99.11 170.33 224.97 5.03 21.89 Egypt 1.85 6.80 9.37 13.70 16.20 0.00 1.81 European Union 6/ 9.82 64.36 25.21 68.00 88.00 3.63 7.76 Japan 1.39 0.00 16.05 12.30 16.00 0.00 1.44 Mexico 5.65 27.60 16.66 25.90 44.10 0.72 5.09 Southeast Asia 7/ 2.55 29.94 16.46 37.60 45.30 0.68 2.98 South Korea 1.85 0.08 10.86 8.56 10.95 0.00 1.84 Selected Other 0.00 Canada 2.42 13.89 2.63 9.37 15.16 1.80 1.98 China 222.53 257.33 4.48 191.00 274.00 0.02 210.32 2019/20 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 320.92 1,114.75 168.82 704.51 1,120.95 169.34 314.73 World Less China 110.60 853.98 161.82 519.51 850.95 169.32 106.66 United States 56.41 347.05 1.14 144.79 306.21 45.09 53.30 Total Foreign 264.51 767.71 167.68 559.72 814.74 124.26 261.42 Major Exporters 4/ 11.05 217.16 1.27 85.80 107.75 108.70 13.03 Argentina 2.37 50.00 0.01 10.00 14.00 34.00 4.37 Brazil 5.19 101.00 1.20 57.00 67.00 36.00 4.39 Russia 0.38 14.28 0.04 8.70 9.70 4.20 0.79 South Africa 1.83 16.00 0.00 6.80 12.60 2.50 2.73 Ukraine 1.29 35.89 0.02 3.30 4.45 32.00 0.75 Major Importers 5/ 21.89 127.91 97.70 167.10 222.90 5.80 18.80 Egypt 1.81 6.40 9.90 14.20 16.70 0.01 1.40 European Union 6/ 7.76 66.63 21.50 62.20 83.40 4.50 7.99 Japan 1.44 0.00 16.00 12.30 16.00 0.00 1.44 Mexico 5.09 25.00 17.30 26.50 44.50 0.70 2.19 Southeast Asia 7/ 2.98 29.72 17.60 38.70 46.55 0.59 3.16 South Korea 1.84 0.07 11.40 9.00 11.40 0.00 1.91 Selected Other 0.00 Canada 1.98 13.38 1.60 9.00 13.80 1.10 2.06 China 210.32 260.77 7.00 185.00 270.00 0.02 208.07 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2020 WASDE - 600 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2020/ 21 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Apr NA NA NA NA NA NA NA May 314.73 1,186.86 176.21 729.02 1,161.96 182.25 339.62 World Less China Apr NA NA NA NA NA NA NA May 106.66 926.86 169.21 541.02 886.96 182.23 139.57 United States Apr NA NA NA NA NA NA NA May 53.30 406.29 0.64 153.68 321.33 54.61 84.29 Total Foreign Apr NA NA NA NA NA NA NA May 261.42 780.57 175.58 575.34 840.64 127.64 255.33 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 13.03 223.50 1.56 88.50 111.00 111.70 15.39 Argentina Apr NA NA NA NA NA NA NA May 4.37 50.00 0.01 11.00 15.50 34.00 4.88 Brazil Apr NA NA NA NA NA NA NA May 4.39 106.00 1.50 58.00 68.00 38.00 5.89 Russia Apr NA NA NA NA NA NA NA May 0.79 14.50 0.04 8.90 10.00 4.40 0.93 South Africa Apr NA NA NA NA NA NA NA May 2.73 14.00 0.00 6.60 12.30 2.30 2.13 Ukraine Apr NA NA NA NA NA NA NA May 0.75 39.00 0.02 4.00 5.20 33.00 1.56 Major Importers 5/ Apr NA NA NA NA NA NA NA May 18.80 133.22 102.05 172.55 229.60 5.64 18.83 Egypt Apr NA NA NA NA NA NA NA May 1.40 6.40 11.00 14.70 17.20 0.01 1.59 European Union 6/ Apr NA NA NA NA NA NA NA May 7.99 68.30 23.00 65.00 87.00 4.40 7.89 Japan Apr NA NA NA NA NA NA NA May 1.44 0.00 16.00 12.30 16.00 0.00 1.45 Mexico Apr NA NA NA NA NA NA NA May 2.19 28.00 18.30 27.30 45.55 0.60 2.34 Southeast Asia 7/ Apr NA NA NA NA NA NA NA May 3.16 30.36 17.65 39.50 47.50 0.63 3.04 South Korea Apr NA NA NA NA NA NA NA May 1.91 0.08 11.80 9.40 11.85 0.00 1.93 Selected Other Canada Apr NA NA NA NA NA NA NA May 2.06 15.60 1.00 9.40 14.80 1.00 2.86 China Apr NA NA NA NA NA NA NA May 208.07 260.00 7.00 188.00 275.00 0.02 200.05 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2020 WASDE - 600 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 164.12 496.46 43.76 483.83 43.71 176.74 World Less China 55.12 347.97 40.56 340.91 40.94 61.74 United States 0.93 7.11 0.92 4.57 2.97 1.42 Total Foreign 163.18 489.35 42.84 479.27 40.74 175.32 Major Exporters 4/ 28.88 184.66 0.76 145.41 31.76 37.14 Burma 0.81 13.20 0.01 10.25 2.70 1.07 India 22.60 116.48 0.00 99.16 10.42 29.50 Pakistan 1.42 7.30 0.00 3.30 4.49 0.93 Thailand 3.01 20.34 0.25 11.50 7.56 4.54 Vietnam 1.03 27.34 0.50 21.20 6.58 1.10 Major Importers 5/ 122.58 239.15 17.11 247.82 3.18 127.83 China 109.00 148.49 3.20 142.92 2.77 115.00 European Union 6/ 1.18 1.97 2.15 3.80 0.30 1.19 Indonesia 5.56 34.20 0.60 36.30 0.00 4.06 Nigeria 1.58 4.54 1.90 6.80 0.00 1.22 Philippines 2.29 11.73 3.60 14.10 0.00 3.52 Sel. Mideast 7/ 0.90 2.01 3.91 5.90 0.00 0.91 Selected Other 0.00 Brazil 0.59 7.14 0.74 7.40 0.88 0.19 C. Amer & Carib 8/ 0.63 1.65 1.79 3.37 0.04 0.67 Egypt 1.56 2.80 0.81 4.15 0.02 1.00 Japan 2.22 7.66 0.63 8.40 0.07 2.05 Mexico 0.15 0.19 0.74 0.92 0.03 0.14 South Korea 1.56 3.87 0.29 4.57 0.05 1.09 2019/20 Est. Beginning Stocks Productio n Imports Total /2 Domestic Exports Ending Stocks World 3/ 176.74 493.79 40.66 490.19 42.40 180.35 World Less China 61.74 347.06 38.26 345.06 39.40 64.35 United States 1.42 5.86 1.02 4.22 3.11 0.97 Total Foreign 175.32 487.93 39.64 485.96 39.29 179.38 Major Exporters 4/ 37.14 183.27 0.66 148.25 30.80 42.02 Burma 1.07 12.70 0.01 10.45 2.20 1.13 India 29.50 118.00 0.00 102.30 10.20 35.00 Pakistan 0.93 7.20 0.00 3.00 4.40 0.73 Thailand 4.54 18.00 0.25 11.20 7.50 4.09 Vietnam 1.10 27.37 0.40 21.30 6.50 1.07 Major Importers 5/ 127.83 237.90 13.96 249.48 3.41 126.81 China 115.00 146.73 2.40 145.13 3.00 116.00 European Union 6/ 1.19 1.97 2.20 3.90 0.30 1.16 Indonesia 4.06 33.50 1.00 35.50 0.00 3.06 Nigeria 1.22 4.71 1.20 6.50 0.00 0.63 Philippines 3.52 11.40 2.50 14.30 0.00 3.12 Sel. Mideast 7/ 0.91 2.34 3.30 5.70 0.00 0.85 Selected Other 0.00 Brazil 0.19 7.14 0.85 7.30 0.50 0.38 C. Amer & Carib 8/ 0.67 1.50 1.89 3.38 0.03 0.64 Egypt 1.00 4.30 0.20 4.35 0.02 1.13 Japan 2.05 7.61 0.69 8.30 0.07 1.97 Mexico 0.14 0.18 0.79 0.93 0.01 0.16 South Korea 1.09 3.74 0.55 4.10 0.06 1.23 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. May 2020 WASDE - 600 - 25 World Rice Supply and Use (Milled Ba sis) 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Apr NA NA NA NA NA NA May 180.35 501.96 42.08 498.12 45.22 184.18 World Less China Apr NA NA NA NA NA NA May 64.35 352.96 39.88 351.12 42.02 67.18 United States Apr NA NA NA NA NA NA May 0.97 6.86 1.04 4.37 3.18 1.33 Total Foreign Apr NA NA NA NA NA NA May 179.38 495.09 41.04 493.76 42.04 182.85 Major Exporters 4/ Apr NA NA NA NA NA NA May 42.02 186.50 0.61 150.90 33.10 45.13 Burma Apr NA NA NA NA NA NA May 1.13 13.10 0.01 10.60 2.20 1.44 India Apr NA NA NA NA NA NA May 35.00 118.00 0.00 104.00 11.00 38.00 Pakistan Apr NA NA NA NA NA NA May 0.73 7.50 0.00 3.10 4.30 0.83 Thailand Apr NA NA NA NA NA NA May 4.09 20.40 0.20 11.80 9.00 3.89 Vietnam Apr NA NA NA NA NA NA May 1.07 27.50 0.40 21.40 6.60 0.97 Major Importers 5/ Apr NA NA NA NA NA NA May 126.81 241.56 14.36 252.05 3.61 127.08 China Apr NA NA NA NA NA NA May 116.00 149.00 2.20 147.00 3.20 117.00 European Union 6/ Apr NA NA NA NA NA NA May 1.16 1.97 2.25 4.00 0.30 1.08 Indonesia Apr NA NA NA NA NA NA May 3.06 34.90 0.50 35.30 0.00 3.16 Nigeria Apr NA NA NA NA NA NA May 0.63 4.96 1.40 6.50 0.00 0.50 Philippines Apr NA NA NA NA NA NA May 3.12 11.00 3.00 14.50 0.00 2.62 Sel. Mideast 7/ Apr NA NA NA NA NA NA May 0.85 2.33 3.60 6.00 0.00 0.78 Selected Other Brazil Apr NA NA NA NA NA NA May 0.38 6.87 0.90 7.20 0.50 0.44 C. Amer & Carib 8/ Apr NA NA NA NA NA NA May 0.64 1.58 1.90 3.45 0.03 0.64 Egypt Apr NA NA NA NA NA NA May 1.13 4.30 0.20 4.50 0.02 1.11 Japan Apr NA NA NA NA NA NA May 1.97 7.65 0.69 8.25 0.08 1.98 Mexico Apr NA NA NA NA NA NA May 0.16 0.19 0.80 0.95 0.01 0.20 South Korea Apr NA NA NA NA NA NA May 1.23 3.74 0.41 4.00 0.06 1.33 1/ Aggregate of lo cal marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. May 2020 WASDE - 600 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2018/19 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 80.74 118.65 42.47 120.32 41.12 0.12 80.31 World Less China 42.75 90.90 32.83 80.82 40.90 0.12 44.64 United States 4.20 18.37 3/ 2.98 14.76 -0.02 4.85 Total Foreign 76.54 100.29 42.47 117.35 26.35 0.14 75.46 Major Exporters 4/ 26.75 54.61 2.48 33.02 22.14 0.02 28.66 Central Asia 5/ 2.67 5.44 3/ 3.80 2.01 0.00 2.31 Afr. Fr. Zone 6/ 1.61 5.43 3/ 0.17 5.31 0.00 1.56 S. Hemis. 7/ 13.01 17.31 0.18 4.39 10.86 0.01 15.23 Australia 3.04 2.20 3/ 0.04 3.63 0.00 1.57 Brazil 8.66 13.00 0.02 3.40 6.02 0.00 12.26 India 9.23 25.80 1.80 24.00 3.51 0.00 9.31 Major Importers 8/ 47.95 42.69 37.46 80.16 2.99 0.11 44.84 Mexico 0.66 1.74 0.85 1.95 0.50 0.03 0.77 China 37.99 27.75 9.64 39.50 0.21 0.00 35.67 European Union 9/ 0.30 1.71 0.64 0.69 1.72 0.03 0.22 Turkey 1.78 3.75 3.50 6.90 0.48 0.00 1.64 Pakistan 2.83 7.60 2.85 10.70 0.06 0.03 2.50 Indonesia 0.63 3/ 3.05 3.15 0.01 0.00 0.53 Thailand 0.20 3/ 1.08 1.08 0.00 0.03 0.18 Bangladesh 1.86 0.14 7.20 7.40 0.00 0.01 1.78 Vietnam 1.29 3/ 6.90 7.00 0.00 0.00 1.19 2019/20 Est. Beginning Stocks Productio n Imports Domestic Use Exports Loss /2 Ending Stocks World 80.31 122.67 39.33 105.00 40.05 0.10 97.16 World Less China 44.64 95.42 31.83 71.00 39.87 0.10 60.92 United States 4.85 19.91 0.01 2.70 15.00 -0.03 7.10 Total Foreign 75.46 102.76 39.32 102.30 25.05 0.13 90.06 Major Exporters 4/ 28.66 58.88 2.62 29.17 20.92 0.02 40.03 Central Asia 5/ 2.31 5.97 3/ 3.94 1.58 0.00 2.76 Afr. Fr. Zone 6/ 1.56 6.10 3/ 0.14 5.04 0.00 2.48 S. Hemis. 7/ 15.23 15.86 0.17 3.99 10.83 0.01 16.43 Australia 1.57 0.63 3/ 0.04 1.25 0.00 0.91 Brazil 12.26 13.20 0.03 3.10 8.60 0.00 13.78 India 9.31 30.50 2.00 20.50 3.20 0.00 18.11 Major Importers 8/ 44.84 40.77 33.68 69.33 2.76 0.11 47.09 Mexico 0.77 1.57 0.60 1.75 0.38 0.03 0.79 China 35.67 27.25 7.50 34.00 0.18 0.00 36.25 European Union 9/ 0.22 2.00 0.64 0.63 1.73 0.03 0.47 Turkey 1.64 3.60 3.80 6.40 0.35 0.00 2.29 Pakistan 2.50 6.20 3.20 9.00 0.10 0.03 2.78 Indonesia 0.53 3/ 2.85 2.70 0.01 0.00 0.68 Thailand 0.18 3/ 0.70 0.75 0.00 0.03 0.10 Bangladesh 1.78 0.14 6.60 6.50 0.00 0.01 2.02 Vietnam 1.19 3/ 6.50 6.30 0.00 0.00 1.39 1/ Marketing year beginning August 1. Totals may not add exa ctly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on s upply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russ ia, South Korea, and Taiwan. 9/ Includes intra -EU trade. May 2020 WASDE - 600 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2020/21 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Apr NA NA NA NA NA NA NA May 97.16 118.95 42.84 116.46 42.93 0.14 99.43 World Less China Apr NA NA NA NA NA NA NA May 60.92 92.45 33.34 78.46 42.81 0.14 65.31 United States Apr NA NA NA NA NA NA NA May 7.10 19.50 0.01 2.90 16.00 0.01 7.70 filler filler filler filler filler filler filler Total Foreign Apr NA NA NA NA NA NA NA May 90.06 99.45 42.84 113.56 26.93 0.13 91.73 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 40.03 56.58 1.81 32.64 22.82 0.02 42.95 Central Asia 5/ Apr NA NA NA NA NA NA NA May 2.76 5.90 3/ 4.24 1.38 0.00 3.04 Afr. Fr. Zone 6/ Apr NA NA NA NA NA NA NA May 2.48 6.09 3/ 0.14 5.54 0.00 2.88 S. Hemis. 7/ Apr NA NA NA NA NA NA NA May 16.43 15.74 0.16 4.13 11.13 0.01 17.07 Australia Apr NA NA NA NA NA NA NA May 0.91 1.70 3/ 0.04 1.00 0.00 1.58 filler filler filler filler filler filler filler Brazil Apr NA NA NA NA NA NA NA May 13.78 12.00 0.03 3.20 9.00 0.00 13.61 India Apr NA NA NA NA NA NA NA May 18.11 28.50 1.10 23.50 4.50 0.00 19.71 Major Importers 8/ Apr NA NA NA NA NA NA NA May 47.09 39.78 38.58 76.94 2.63 0.11 45.76 Mexico Apr NA NA NA NA NA NA NA May 0.79 1.23 0.88 1.85 0.25 0.03 0.76 China Apr NA NA NA NA NA NA NA May 36.25 26.50 9.50 38.00 0.13 0.00 34.12 European Union 9/ Apr NA NA NA NA NA NA NA May 0.47 1.95 0.61 0.66 1.77 0.03 0.58 Turkey Apr NA NA NA NA NA NA NA May 2.29 3.65 3.70 7.00 0.33 0.00 2.32 Pakistan Apr NA NA NA NA NA NA NA May 2.78 6.30 4.70 10.50 0.15 0.03 3.10 Indonesia Apr NA NA NA NA NA NA NA May 0.68 3/ 3.05 3.00 0.01 0.00 0.73 Thailand Apr NA NA NA NA NA NA NA May 0.10 3/ 0.93 0.85 0.00 0.03 0.16 Bangladesh Apr NA NA NA NA NA NA NA May 2.02 0.15 7.00 7.00 0.00 0.01 2.15 Vietnam Apr NA NA NA NA NA NA NA May 1.39 3/ 6.95 6.80 0.00 0.00 1.54 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not bal ance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and i ndicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central Af rican Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwa n. 9/ Includes intra-EU trade. May 2020 WASDE - 600 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 98.60 360.26 144.61 297.27 342.65 148.30 112.52 World Less China 75.54 344.29 62.07 212.27 240.65 148.18 93.07 United States 11.92 120.52 0.38 56.94 60.52 47.56 24.74 Total Foreign 86.68 239.74 144.23 240.33 282.14 100.74 87.78 Major Exporters 3/ 56.87 185.98 6.56 86.73 96.15 91.35 61.90 Argentina 23.73 55.30 6.41 40.57 47.45 9.10 28.89 Brazil 32.74 119.00 0.14 42.47 44.81 74.59 32.48 Paraguay 0.39 8.85 0.01 3.62 3.82 4.90 0.53 Major Importers 4/ 25.67 19.84 114.98 113.03 138.08 0.32 22.09 China 23.06 15.97 82.54 85.00 102.00 0.12 19.46 European Union 1.40 2.66 14.98 15.60 17.26 0.18 1.61 Southeast Asia 0.84 0.66 8.27 3.81 9.08 0.02 0.67 Mexico 0.17 0.34 5.87 6.15 6.20 0.00 0.18 2019/20 Est. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 112.52 336.11 153.31 302.04 347.70 153.98 100.27 World Less China 93.07 318.01 61.31 215.54 243.50 153.85 75.04 United States 24.74 96.79 0.41 57.83 60.57 45.59 15.79 Total Foreign 87.78 239.32 152.90 244.21 287.13 108.39 84.49 Major Exporters 3/ 61.90 187.10 3.98 89.68 99.72 100.03 53.23 Argentina 28.89 51.00 3.80 41.60 48.69 8.00 27.00 Brazil 32.48 124.00 0.15 44.25 46.90 84.00 25.73 Paraguay 0.53 9.90 0.02 3.75 4.05 5.90 0.50 Major Importers 4/ 22.09 21.78 125.01 114.74 140.51 0.40 27.97 China 19.46 18.10 92.00 86.50 104.20 0.13 25.23 European Union 1.61 2.63 15.10 15.80 17.46 0.25 1.63 Southeast Asia 0.67 0.61 8.52 3.74 9.02 0.03 0.75 Mexico 0.18 0.24 6.00 6.20 6.25 0.00 0.16 2020/21 Proj. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ Apr NA NA NA NA NA NA NA May 100.27 362.76 158.02 312.80 360.73 161.93 98.39 World Less China Apr NA NA NA NA NA NA NA May 75.04 345.26 62.02 219.80 249.33 161.83 71.16 United States Apr NA NA NA NA NA NA NA May 15.79 112.26 0.41 57.97 61.64 55.79 11.03 Total Foreign Apr NA NA NA NA NA NA NA May 84.49 250.49 157.62 254.83 299.09 106.14 87.36 Major Exporters 3/ Apr NA NA NA NA NA NA NA May 53.23 197.10 3.76 91.88 102.03 98.08 53.98 Argentina Apr NA NA NA NA NA NA NA May 27.00 53.50 3.60 43.00 50.20 6.50 27.40 Brazil Apr NA NA NA NA NA NA NA May 25.73 131.00 0.15 45.00 47.65 83.00 26.23 Paraguay Apr NA NA NA NA NA NA NA May 0.50 10.25 0.01 3.80 4.10 6.30 0.35 Major Importers 4/ Apr NA NA NA NA NA NA NA May 27.97 21.34 129.33 121.54 148.34 0.33 29.97 China Apr NA NA NA NA NA NA NA May 25.23 17.50 96.00 93.00 111.40 0.10 27.23 European Union Apr NA NA NA NA NA NA NA May 1.63 2.60 14.90 15.70 17.36 0.20 1.57 Southeast Asia Apr NA NA NA NA NA NA NA May 0.75 0.60 8.92 3.92 9.46 0.03 0.79 Mexico Apr NA NA NA NA NA NA NA May 0.16 0.40 6.10 6.40 6.47 0.00 0.19 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -Septem ber year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ C hina, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to rounding. May 2020 WASDE - 600 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.47 233.28 62.05 229.68 67.27 11.86 World Less China 13.47 165.96 62.03 163.28 66.33 11.86 United States 0.50 44.28 0.62 32.75 12.30 0.37 Total Foreign 12.97 189.00 61.43 196.94 54.97 11.49 Major Exporters 3/ 6.99 71.79 0.10 26.05 46.99 5.83 Argentina 2.48 31.20 0.03 3.13 28.83 1.74 Brazil 4.30 32.91 0.02 17.65 15.97 3.61 India 0.22 7.68 0.05 5.28 2.18 0.48 Major Importers 4/ 1.58 22.02 38.88 60.26 0.59 1.64 European Union 0.21 12.32 18.76 30.44 0.37 0.48 Mexico 0.04 4.86 1.84 6.58 0.01 0.15 Southeast Asia 5/ 1.21 2.98 16.69 19.77 0.20 0.91 2019/20 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 11.86 237.46 63.36 235.25 67.09 10.34 World Less China 11.86 168.95 63.35 167.70 66.11 10.34 United States 0.37 45.34 0.50 33.66 12.20 0.34 Total Foreign 11.49 192.13 62.86 201.59 54.89 10.00 Major Exporters 3/ 5.83 72.99 0.08 26.85 46.75 5.30 Argentina 1.74 32.00 0.00 3.28 29.00 1.46 Brazil 3.61 34.35 0.03 18.08 16.30 3.61 India 0.48 6.64 0.05 5.49 1.45 0.23 Major Importers 4/ 1.64 22.19 39.20 61.05 0.52 1.46 European Union 0.48 12.48 18.50 30.79 0.30 0.37 Mexico 0.15 4.90 1.93 6.90 0.01 0.07 Southeast Asia 5/ 0.91 2.92 17.15 19.85 0.21 0.92 2020/21 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Apr NA NA NA NA NA NA May 10.34 246.05 64.43 243.53 67.39 9.90 World Less China Apr NA NA NA NA NA NA May 10.34 172.39 64.41 170.86 66.39 9.90 United States Apr NA NA NA NA NA NA May 0.34 45.56 0.36 34.02 11.88 0.36 Total Foreign Apr NA NA NA NA NA NA May 10.00 200.49 64.06 209.51 55.51 9.54 Major Exporters 3/ Apr NA NA NA NA NA NA May 5.30 75.47 0.08 27.69 47.82 5.34 Argentina Apr NA NA NA NA NA NA May 1.46 33.05 0.00 3.40 29.65 1.46 Brazil Apr NA NA NA NA NA NA May 3.61 34.90 0.03 18.50 16.30 3.74 India Apr NA NA NA NA NA NA May 0.23 7.52 0.05 5.79 1.87 0.14 Major Importers 4/ Apr NA NA NA NA NA NA May 1.46 22.42 39.84 61.72 0.52 1.49 European Union Apr NA NA NA NA NA NA May 0.37 12.40 18.75 30.94 0.30 0.28 Mexico Apr NA NA NA NA NA NA May 0.07 5.06 2.00 7.05 0.01 0.07 Southeast Asia 5/ Apr NA NA NA NA NA NA May 0.92 3.06 17.47 20.21 0.21 1.04 1/ Data b ased on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. May 2020 WASDE - 600 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 3.83 55.64 10.43 54.92 11.18 3.81 World Less China 3.26 40.41 9.65 39.04 10.98 3.31 United States 0.91 10.98 0.18 10.38 0.88 0.81 Total Foreign 2.93 44.67 10.25 44.55 10.30 3.00 Major Exporters 3/ 0.80 19.71 0.47 12.24 7.78 0.96 Argentina 0.27 7.91 0.00 2.57 5.26 0.35 Brazil 0.37 8.15 0.02 7.17 1.08 0.30 European Union 0.15 2.96 0.42 2.46 0.79 0.29 Major Importers 4/ 1.02 17.98 6.36 23.98 0.31 1.08 China 0.57 15.23 0.78 15.89 0.20 0.50 India 0.17 1.73 3.00 4.75 0.01 0.14 North Africa 5/ 0.19 0.73 1.56 2.17 0.10 0.21 2019/20 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 3.81 56.52 10.76 55.46 11.50 4.12 World Less China 3.31 41.02 9.76 39.07 11.35 3.66 United States 0.81 11.10 0.17 10.07 1.16 0.85 Total Foreign 3.00 45.41 10.59 45.39 10.34 3.27 Major Exporters 3/ 0.96 20.31 0.46 12.35 8.02 1.37 Argentina 0.35 8.10 0.00 2.39 5.50 0.56 Brazil 0.30 8.50 0.03 7.45 1.05 0.33 European Union 0.29 3.00 0.43 2.47 0.80 0.45 Major Importers 4/ 1.08 18.15 6.56 24.55 0.25 0.99 China 0.50 15.50 1.00 16.39 0.15 0.46 India 0.14 1.50 3.20 4.71 0.01 0.12 North Africa 5/ 0.21 0.77 1.56 2.23 0.09 0.22 2020/21 Proj. Beginning Stocks Produ ctio n Imports Domestic Total Exports Ending Stocks World 2/ Apr NA NA NA NA NA NA May 4.12 58.53 11.12 57.88 11.75 4.14 World Less China Apr NA NA NA NA NA NA May 3.66 41.87 9.92 40.31 11.60 3.54 United States Apr NA NA NA NA NA NA May 0.85 11.20 0.18 10.43 0.95 0.85 Total Foreign Apr NA NA NA NA NA NA May 3.27 47.34 10.94 47.45 10.80 3.29 Major Exporters 3/ Apr NA NA NA NA NA NA May 1.37 20.73 0.45 12.70 8.55 1.30 Argentina Apr NA NA NA NA NA NA May 0.56 8.39 0.00 2.40 6.00 0.55 Brazil Apr NA NA NA NA NA NA May 0.33 8.64 0.03 7.65 1.05 0.30 European Union Apr NA NA NA NA NA NA May 0.45 2.98 0.42 2.61 0.83 0.42 Major Importers 4/ Apr NA NA NA NA NA NA May 0.99 19.57 6.82 26.01 0.23 1.13 China Apr NA NA NA NA NA NA May 0.46 16.67 1.20 17.57 0.15 0.60 India Apr NA NA NA NA NA NA May 0.12 1.69 3.24 4.90 0.01 0.14 North Africa 5/ Apr NA NA NA NA NA NA May 0.22 0.78 1.58 2.27 0.08 0.24 1/ Data based on l ocal marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefor e, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. May 2020 WASDE - 600 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2019 II 6,817 6,615 13,491 10,945 1,451 12,529 26,020 2,351 55.7 III 6,923 6,706 13,683 11,402 1,453 12,992 26,675 2,347 54.2 IV 7,001 7,478 14,535 11,175 1,467 12,773 27,308 2,414 54.0 Annual 27,155 27,638 55,015 43,905 5,818 50,251 105,266 9,447 218.4 2020 I 6,929 7,426 14,407 11,228 1,469 12,832 27,239 2,349 56.0 II* 5,635 6,035 11,725 10,550 1,445 12,135 23,860 2,340 56.8 III* 6,405 6,900 13,358 10,950 1,440 12,532 25,890 2,385 54.9 IV* 6,795 7,075 13,926 11,050 1,480 12,660 26,586 2,440 54.6 Annual Apr Proj. 27,445 29,03 5 56,691 45,160 5,910 51,612 108,303 9,525 222.2 May Proj. 25,764 27,436 53,416 43,778 5,834 50,159 103,575 9,514 222.4 2021 I* 6,665 7,080 13,797 10,900 1,465 12,495 26,292 2,365 55.9 Annual Apr Proj. NA NA NA NA NA NA NA NA NA May Proj. 27,490 28,235 55,943 44,975 5,885 51,400 107,343 9,680 224.1 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature c hicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2019 II 118.79 57.95 97.7 85.5 69.7 17.93 III 108.16 50.08 82.0 90.8 81.9 18.97 IV 114.88 43.11 80.6 97.8 117.2 20.60 Annual 116.78 47.95 88.6 89.2 94.0 18.63 2020 I 118.32 42.52 83.5 97.4 133.1 18.83 II* 99.00 42.00 68.0 103.0 130.0 12.95 III* 99.00 45.00 68.0 108.0 120.0 12.70 IV* 100.00 43.00 66.0 110.0 135.0 13.80 Annual Apr Proj. 111.00 40.00 74.0 103.5 127.0 14.35 May Proj. 104.1 43.1 71.4 104.6 129.5 14.55 2021 I* 101.00 44.00 80.0 101.0 120.0 14.10 Annual Apr Proj. NA NA NA NA NA NA May P roj. 109 47 81 104 115 15.00 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. May 2020 WASDE - 600 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per C apita 2/ 3/ Million Pounds /4 Beef 2019 662 27,221 3,057 30,940 3,022 642 27,276 58.1 2020 Proj. Apr 642 27,511 2,940 31,093 3,160 700 27,233 57.7 May 642 25,830 2,904 29,376 2,894 675 25,806 54.7 2021 Proj. Apr NA NA NA NA NA NA NA NA May 675 27,556 3,020 31,251 3,140 650 27,461 57.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2019 559 27,652 945 29,155 6,321 646 22,188 52.4 2020 Proj. Apr 646 29,049 815 30,510 7,475 780 22,255 52.3 May 646 27,450 816 28,913 7,148 580 21,185 49.7 2021 Proj. Apr NA NA NA NA NA NA NA NA May 580 28,249 855 29,684 7,300 600 21,784 50.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2019 1,266 55,105 4,274 60,644 9,349 1,330 49,966 111.9 2020 Proj. Apr 1,330 56,781 4,012 62,122 10,640 1,522 49,960 111.2 May 1,330 53,506 3,993 58,828 10,050 1,300 47,478 105.7 2021 Proj. Apr NA NA NA NA NA NA NA NA May 1,300 56,033 4,139 61,472 10,446 1,293 49,733 109.9 Fil ler Fil ler Fil ler Fil le r Fil ler Fil ler Fil ler Fil ler Broiler 2019 845 43,435 131 44,411 7,109 937 36,365 95.1 2020 Proj. Apr 937 44,677 133 45,746 7,230 840 37,676 97.9 May 937 43,310 140 44,386 7,363 840 36,183 94.1 2021 Proj. Apr NA NA NA NA NA NA NA NA May 840 44,494 132 45,466 7,400 850 37,216 96.1 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2019 303 5,818 12 6,133 639 233 5,261 16.0 2020 Proj. Apr 233 5,910 12 6,155 580 240 5,335 16.1 May 233 5,834 13 6,079 584 235 5,260 15.9 2021 Proj. Apr NA NA NA NA NA NA NA NA May 235 5,885 12 6,132 595 240 5,297 15.9 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2019 1,153 49,781 146 51,080 7,829 1,175 42,076 112.5 2020 Proj. Apr 1,175 51,128 148 52,451 7,890 1,089 43,472 115.5 May 1,175 49,690 156 51,020 8,023 1,082 41,915 111.4 2021 Proj. Apr NA NA NA NA NA NA NA NA May 1,082 50,918 147 52,147 8,061 1,097 42,989 113.5 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2019 2,419 104,886 4,420 111,724 17,179 2,504 92,041 224.3 2020 Proj. Apr 2,504 107,909 4,160 114,573 18,530 2,611 93,432 226.7 May 2,504 103,196 4,149 109,849 18,073 2,382 89,394 217.1 2021 Proj. Apr NA NA NA NA NA NA NA NA May 2,382 106,951 4,286 113,619 18,507 2,390 92,722 223.4 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. May 20 20 WASDE - 600 - 33 U.S. Egg Supply and Use Commodity 2018 2019 2020 Proj. 2020 Proj. 2021 Proj. 2021 Proj. Apr May Apr May Eggs Million Dozen Supply Beginning Stocks 87.5 78.8 108.7 108.7 NA 130.0 Production 9,205.0 9,447.5 9,525.0 9,513.6 NA 9,680.0 Imports 17.8 14.5 14.0 14.1 NA 16.0 Total Supply 9,310.3 9,540.8 9,647.7 9,636.4 NA 9,826.0 Use Exports 333.1 334.1 315.0 311.0 NA 330.0 Hatching Use 1,057.5 1,079.4 1,100.0 1,078.9 NA 1,120.0 Ending Stocks 78.8 108.7 135.0 130.0 NA 135.0 Disappearance Total 7,841.0 8,018.6 8,097.7 8,116.5 NA 8,241.0 Per Capita (number) 287.8 292.9 294.0 294.7 NA 297.4 Total U.S. Milk Supply and Use Commodity 2018 2019 2020 Proj. 2020 Proj. 2021 Proj. 2021 Proj. Apr May Apr May Milk Billion Pounds Production 217.6 218.4 222.2 222.4 NA 224.1 Farm Use 1.0 1.0 1.0 1.0 NA 1.0 Fat Basis Supply Beg. Commercial Stocks 13.4 13.8 13.7 13.6 NA 15.3 Marketings 216.6 217.4 221.2 221.3 NA 223.1 Imports 6.3 7.0 6.6 6.7 NA 6.8 Total Cml. Supply 236.2 238.1 241.4 241.7 NA 245.2 Fat Basis Use Commercial Exports 10.4 9.1 8.9 9.2 NA 9.2 Ending Commercial Stocks 13.8 13.6 15.3 15.3 NA 14.1 CCC Donations 0.0 0.2 0.3 0.3 NA 0.0 Domestic Commercial Use 212.1 215.2 217.0 216.9 NA 221.9 Skim -solid Basis Supply Beg. Commercial Stocks 11.8 10.7 10.2 10.2 NA 11.3 Marketings 216.6 217.4 221.2 221.3 NA 223.1 Imports 5.5 5.8 5.6 5.7 NA 5.8 Total Cml. Supply 233.8 233.9 237.0 237.3 NA 240.2 Skim -solid Basis Use Commercial Exports 44.7 41.6 42.1 44.4 NA 44.9 Ending Commercial Stocks 10.7 10.2 11.4 11.3 NA 10.3 CCC Donations 0.0 0.2 0.1 0.1 NA 0.0 Domestic Commercial Use 178.5 181.9 183.3 181.5 NA 185.0 Total CCC Donations include purchases made through the USDA Trade Mitigation program. They do not include products purchased under other programs. Dairy domestic commercial use for 2020 includes additional milk marketed but not processed. Note: Totals may not add due to rounding. May 2020 WASDE - 600 - 34 U.S. Dairy Prices Commodity 2018 2019 2020 Proj. 2020 Proj. 2021 Pro j. 2021 Proj. Apr May Apr May Product Prices 1/ Dollars Per Pound Cheese 1.5377 1.7586 1.380 1.420 NA 1.495 Butter 2.2572 2.2431 1.430 1.410 NA 1.465 Nonfat Dry Milk 0.7945 1.0419 0.955 0.940 NA 0.955 Dry Whey 0.3422 0.3799 0.345 0.380 NA 0.395 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 14.61 16.96 12.75 13.35 NA 14.20 Class IV 14.23 16.30 12.15 11.90 NA 12.20 All Milk 3/ 16.27 18.63 14.35 14.55 NA 15.00 1/ Simple average of monthly prices calculated by AMS f rom weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated pla nts for milk used in the respective classes. All milk pr ice is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . May 2020 WASDE - 600 - 35 Reliability of May Projections 1/ Note: Tables on pages 35 -37 present a record of the May projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 3.1 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 5.3 percent. The average difference between the May projection and the final estimate is 16.5 million tons, ranging from 1.7 million to 35 million tons. The May projection has been below the estimate 23 times and above 16 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 3.1 5.3 16.5 1.7 35.0 23 16 U.S. 6.6 11.3 3.0 0.0 9.8 21 18 Foreign 3.3 5.6 15.3 1.6 32.9 22 17 Exports World 6.0 10.1 6.0 0.1 17.6 26 13 U.S. 12.4 21.0 3.0 0.0 10.2 22 16 Foreign 6.9 11.7 5.7 0.4 17.8 27 12 Domestic Use World 2.2 3.7 10.2 0.3 28.3 24 15 U.S. 7.2 12.3 1.8 0.2 6.4 19 20 Foreign 2.2 3.7 9.8 0.2 28.0 25 14 Ending Stocks World 10.0 17.0 12.2 0.2 35.9 24 15 U.S. 20.7 35.1 3.7 0.1 14.1 22 17 Foreign 10.2 17.2 10.5 2.5 31.0 24 15 COARSE GRAINS 2/ Production World 3.7 6.3 26.6 1.1 103.6 19 20 U.S. 13.9 23.7 20.9 0.9 103.8 21 18 Foreign 2.7 4.7 14.7 0.2 42.8 18 21 Exports World 7.6 12.8 7.6 1.3 20.9 27 12 U.S. 27.4 46.5 8.3 0.1 29.5 17 22 Foreign 13.6 23.1 6.6 0.3 20.8 27 12 Domestic Use World 2.0 3.4 15.6 0.4 68.4 20 19 U.S. 5.9 10.0 7.9 0.2 38.4 24 15 Foreign 2.1 3.5 12.1 0.5 32.8 20 19 Ending Stocks World 21.1 35.8 25.3 2.6 155.8 24 15 U.S. 54.8 93.0 16.6 1.3 57.6 19 20 Foreign 18.6 31.5 14.7 0.0 145.0 27 12 RICE, milled Production World 2.4 4.1 6.9 0.0 21.8 23 16 U.S. 8.0 13.6 0.4 0.0 1.1 21 18 Foreign 2.4 4.1 6.9 0.4 22.0 23 16 Exports World 9.8 16.5 1.8 0.1 7.5 28 11 U.S. 11.7 19.9 0.2 0.0 1.0 19 15 Foreign 10.5 17.8 1.7 0.2 7.1 28 11 Domestic Use World 1.9 3.2 4.8 0.0 19.4 26 13 U.S. 9.3 15.7 0.2 0.0 0.6 14 24 Foreign 1.9 3.2 4.8 0.2 20.0 27 12 Ending Stocks World 14.3 24.2 6.4 0.1 26.7 27 12 U.S. 36.0 61.2 0.3 0.0 0.9 20 17 Foreign 15.6 26.4 6.5 0.1 26.3 27 12 1/ Footnotes at end of table. CONTINUED May 2020 WASDE - 600 - 36 Reliability of May Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Averag e Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World NA NA 11.5 1.5 23.1 6 5 U.S. 9.1 15.5 4.9 0.0 16.1 20 19 Foreign NA NA 6.8 0.7 16.9 7 4 Exports World NA NA 5.4 0.4 10.6 9 2 U.S. 15.7 26.6 3.3 0.0 11.3 20 18 Foreign NA NA 3.8 0.7 12.3 9 2 Domestic Use World NA NA 6.6 1.2 12.1 5 6 U.S. 6.3 10.7 2.0 0.2 7.5 24 15 Foreign NA NA 6.1 0.2 11.3 5 6 Ending Stocks World NA NA 10.2 2.0 20.7 6 5 U.S. 61.5 104.4 3.4 0.2 13.3 13 26 Foreign NA NA 6.8 0.1 15.7 8 3 COTTON Million 480 -Pound Bales Production World 6.2 10.6 4.4 0.1 16.7 23 16 U.S. 11.1 18.9 1.6 0.1 5.5 19 20 Foreign 6.3 10.7 3.4 0.1 12.2 21 18 Exports World 10.2 17.4 2.2 0.1 12.4 22 17 U.S. 29.5 50.1 1.4 0.1 3.9 23 16 Foreign 13.2 22.3 1.7 0.1 10.4 21 18 Domestic Use World 4.9 8.4 3.4 0.1 17.2 15 24 U.S. 9.5 16.1 0.5 0.0 1.4 17 21 Foreign 5.0 8.5 3.3 0.0 16.6 17 22 Ending Stocks World 17.8 30.2 6.6 1.0 18.1 26 13 U.S. 42.8 72.6 1.5 0.0 4.3 18 21 Foreign 16.9 28.7 5.6 0.1 17.2 26 13 1/ Marketing years 1981/82 through 2019/20 for grains, soybeans (U.S. only), and cotton. Marketing years 2009/10 through 2019/20 for global and foreign soybeans. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2018/19, and for 2019/20 the last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. May 2020 WASDE - 600 - 37 Reliability of United States May Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 14.8 25.1 745 8 4,010 17 22 Exports 28.8 48.8 304 0 1,100 18 20 Domestic Use 6.3 10.7 311 11 1,538 25 14 Ending Stocks 65.8 111.6 597 41 2,091 19 20 SORGHUM Production 20.1 34.1 86 0 228 19 19 Exports 36.0 61.1 47 0 190 19 19 Domestic Use 25.5 43.2 55 0 162 16 22 Ending Stocks 70.4 119.4 48 1 238 15 24 BARLEY Production 14.1 24.0 27 1 206 16 23 Exports 76.9 130.5 14 0 92 20 15 Domestic Use 11.3 19.2 28 0 95 18 20 Ending Stocks 22.1 37.5 23 0 78 18 20 OATS Production 25.4 43.1 31 1 231 9 30 Exports 110.6 187.6 1 0 8 9 12 Domestic Use 10.6 18.0 20 0 160 13 25 Ending Stocks 35.5 60.3 17 0 77 12 23 SOYBEAN MEAL Thousand Short Tons Production 5.6 9.5 1,288 0 5,344 25 13 Exports 17.7 30.0 966 0 2,750 23 15 Domestic Use 4.4 7.5 843 24 4,950 21 18 Ending Stocks 42.2 71.6 56 0 388 12 16 SOYBEAN OIL Million Pounds Production 5.4 9.1 643 18 2,500 27 12 Exports 35.2 59.7 480 25 1,700 22 17 Domestic Use 4.1 6.9 482 8 1,800 23 16 Ending S tocks 36.5 61.9 455 24 1,702 24 15 ANIMAL PROD. Million Pounds Beef 3.8 6.6 733 40 2,727 17 9 Pork 3.2 5.5 515 61 1,722 16 9 Broilers 2.5 4.2 692 75 1,640 12 14 Turkeys 4.0 6.8 169 2 500 12 14 Million Dozen Eggs 1.6 2.7 99 2 300 17 9 Billion Pounds Milk 1.5 2.6 1.9 0.0 6.7 11 9 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2019/20 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2018/19, and for 2019/20 the last month’s estimate. Calendar years 1994 through 2019 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1994 -2019. WASDE- 600-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricult ural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Dema nd Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data f or grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Fore ign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. IPAD is located at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ To subscribe to receive WASDE -related notifications by email or text message visit https://public.govdelivery.com/accounts/USDAOC/subscriber/new?topic_id=USDAOC_223 . Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at 202 -720-5447 or [email protected] World Agricultural Su pply and Demand Estimates WASDE -600 – May 12, 2020 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 580 Approved by the World Agricultura l Outlook Board August 10, 2018 WHEAT: The outlook for 2018/19 U.S. wheat this month is lower supplies, greater use, and reduced stocks. Wheat production is lowered 4 million bushels to 1,877 million on a sl ight reduction in winter wheat, durum, and other spring wheat production as indicated by the NASS August Crop Production report. Projected food use is increased by 5 million bushels to 970 million based on the latest NASS Flour Milling Products report. T his would be record food use, surpassing 2017/18, which was also revised higher. Projected wheat exports are raised 50 million bushels to 1,025 million on substantially lower exportable supplies for the EU and limited additional export capacity of several other major competitors. Projected 2018/19 ending stocks are reduced 50 million bushels to 935 million, down 15 percent from last year. The projected season- average farm price is up $0.10 per bushel at the midpoint with the range at $4.60 to $5.60. World 2018/19 wheat supplies are reduced this month by 7.1 million tons, primarily on lower EU production. Continued drought conditions in several n orthern European count ries, most notably Germany, resulted in lower production, down 7.5 million tons to 137.5 million. This would be the lowest EU wheat production since 2012/13. Russia’s wheat production is increased 1.0 million tons to 68.0 million on continued favorable conditions for spring wheat. Projected global 2018/19 trade is lower, mainly on reduced EU exports, which are down 4.5 million tons to 23.0 million, the lowest in six years. Russia’s exports are increased 1.0 million tons to 35.0 million; Russia is projected to remain the leading world wheat exporter for the second consecutive year. Gl obal imports are lowered for several countries with the largest reduction for Algeria. Projected 2018/19 world consumption is 5.1 million tons lower, primarily on reduced feed use in the EU and Russia. Global ending stocks are down 1.9 million tons to 259.0 million, down 5 percent from last year’s record. COARSE GRAINS: This month’s 2018/19 U.S. corn outlook is for larger supplies, greater feed and residual use, increased exports, and larger ending stocks. Corn production is forecast at 14.6 billion bushels, up 356 million from the July projection. The season’s first survey- based corn yield forecast, at a record 178.4 bushels per acre, is 4.4 bushels higher than last month’s trend -based projection. Today’s Crop Production report indicates that Illinois, Indiana, Nebraska, Ohio, North Dakota, and South Dakota are forecast to have yields above a year ago. The yield for Iowa is unchanged relative to last year, while Missouri, Minnesota, and Kansas are forecast below a year ago. Feed and residual use is up based mostly on a larger crop and lower expected prices. Exports are raised reflecting U.S. export competitiveness and expectations of reduced competition from Brazil. With supply rising faster than use, ending stocks are raised 132 million bushels t o 1.7 billion. The season- average corn price received by producers is down 20 cents at the midpoint at a range of $3.10 to $4.10 per bushel. WASDE- 580-2 Sorghum production is forecast 19 million bushels higher with the forecast yield 3.6 bushels per acre above last month’s projection. Sorghum food, seed, and industrial use is raised reflecting an increase in the amount of sorghum used to produce ethanol. This month’s 2018/19 foreign coarse grain outlook is for lower production, reduced trade, and slightly lowe r stocks relative to last month. EU corn production is lowered, mostly reflecting reductions for France and Germany that are partially offset by increases for Romania and Bulgaria. Brazil corn production is lowered based on updated expectations for secon d-crop corn area that will be planted beginning early 2019. Ukraine corn production is forecast higher, as timely rainfall and lack of excessive heat during reproduction boost yield prospects. Other notable corn production changes include projected increases for Zimbabwe, Serbia, and Moldova, with reductions for Zambia and South Africa. Barley production is lowered for the EU, but raised for Ukraine. Major foreign coarse grain trade changes for 2018/19 include corn export reductions for Brazil, Zambia, and South Africa that are partially offset by increases for Serbia, Ukraine, and Moldova. Brazil’s corn exports are lowered for 2017/18 based on lower -than- expected shipments observed for the local marketing year beginning in March 2018. Global c orn imports for 2018/19 are raised reflecting expectations of record- high imports for the EU that are partially offset by reductions for Vietnam and Zimbabwe. Foreign corn ending stocks are slightly higher relative to last month, mostly reflecting increases for Brazil and Zimbabwe that are largely offset by reductions for Zambia, South Africa, Canada, and Russia. RICE : Total U.S. rice supplies for 2018/19 are raised slightly from last month due to increased beginning stocks that were mostly offset by a smaller crop. Beginning stocks are raised 2.5 million cwt on a 3.5- million export reduction for the 2017/18 crop year that is partially offset by increased domestic and residual use. U.S. rice production is lowered 2.1 million cwt to 210.9 million on the first survey -based yield forecast of the 2018/19 season. Long -grain production is lowered 2.8 million cwt, while combined medium - and short -grain is raised 0.7 million cwt. The all rice yield forecast is lowered 76 pounds per acre from the previous forecast to 7,523. Exports for the 2018/19 crop year are lowered 4 million cwt to 98 million on a lack of price competitiveness relative to both Asian and South American exporters. Ending stocks are raised 1.4 million cwt to 43.6 million and the 2018/19 all rice se ason -average farm price is lowered $0.20 per cwt at the midpoint to a range of $11.40 to $12.40. Global supplies for 2018/19 are lowered fractionally on reduced production for Madagascar and Iraq. World trade is raised slightly, led by higher Pakistan exports and Iraq imports. Global exports remain record large. Global consumption and ending stocks are each lowered fractionally. OILSEEDS : U.S. oilseed production for 2018/19 is projected at 135. 6 million tons, up 7. 7 million from last month mainly due to a higher soybean production forecast. Soybean production is forecast at 4,586 million bushels, up 276 million on higher yields. Harvested area is forecast at 88.9 million acres, unchanged from the July projection. The first survey -based soybean yield forecast of 51.6 bushels per acre is 3.1 bushels above last month and 2.5 bushels above last year. As higher production more than offsets lower beginning stocks, soybean supplies for 2018/19 are projected at a record 5,040 million bushels, 5 percent above last month. With larger supplies, crush and exports are raised 15 and 20 million bushels, WASDE- 580-3 respectively. Ending stocks are projected at 785 million bushels, up 205 million from last month. The U.S. season- average soybean pri ce for 2018/19 is forec ast at $8.90 per bushel at the midpoint , down 35 cents from last month. The soybean meal price forecast at $295 to $335 per short ton, down $20 at the midpoint. The soybean oil price forecast is unchanged at 28.0 to 32.0 cents per pound. U.S. soybean changes for 2017/18 include higher exports, higher crush, and lower ending stocks. Exports are raised 25 million bushels to 2,110 million on strong export sales and shipments through July. Crush is raised 10 million bushels to a record 2,040 million on strong soybean meal exports. With increased crush and exports, soybean ending stocks are reduced 35 million bushels to 430 million. Global oilseed 2018/19 supply and demand forecasts include higher production, exports, crush, and stocks compared to last mont h. Global oilseed production for 2018/19 is projected at 60 3.1 million tons, up 10. 5 million with higher soybean, sunflower seed, cottonseed, and peanut production partly offset by lower rapeseed. Global soybean, peanut , and cottonseed crops are raised on higher U.S. production. Sunflowerseed production is higher for the EU , benefit ting from favorable weather conditions in southern and s outheastern Europe. Conversely, hot , dry weather in northern Europe resulted in a 1- million -ton reduction to EU rapeseed production. Other oilseed production changes include higher sunflowerseed and rapeseed production for Russia and Ukraine due to beneficial weather conditions over the past few weeks. Global oilseed exports for 2018/19 are projected at 182.5 million tons, up 1.2 million with higher soybean exports for the United States and higher rapeseed exports for Ukraine. Global crush is raised 1.2 million tons to 501.8 million. Lower soybean crush for China and rapeseed crush for the EU are offset by higher rap eseed crush for Russia and sunflowerseed crush for the EU, Russia, and Ukraine. With larger increases to supply than use, global oilseed stocks are raised 8.3 million tons to 119.9 million. SUGAR : Beet sugar production for 2018/19 is projected up 71,000 short tons, raw value (STRV) to 5.107 million based on sugarbeet area and yield forecasts made by NASS in Crop Production. Beet sugar production for 2017/18 is reduced by 34,353 STRV to 5.241 million based on higher beet pile shrink estimated for the 2017/18 slicing campaign. Based on NASS sugarcane yield and area harvested, 2018/19 cane sugar production in Louisiana is increased by 191,000 STRV to 1.781 million and cane sugar production in Florida is increased by 50,000 STRV to 2.050 million. Deliveries for human consumption for 2017/18 are reduced by 135,000 STRV to 12.100 million based on pace to date and the corresponding projection for 2018/19 is reduced in line by 150,000 STRV to 12.250 million. Ending stocks for 2017/18 are estimated at 2.103 mill ion STRV for a stocks -to-use ratio of 16.9 percent. Ending stocks for 2018/19 are projected at 2.261 million STRV for a stocks -to-use ratio of 18.1 percent. Sugar supply and use in Mexico are unchanged from last month. LIVESTOCK, POULTRY, AND DAIRY : The forecast for total meat production in 2018 is raised from last month as increases in broiler production more than offset declines in beef, pork, and turkey production. Second- quarter broiler production is raised on June production data, while third- quarter production is raised on hatchery data and expected growth in bird WASDE- 580-4 weights. The decline in beef production largely reflects a slower pace of marketings in the third quarter. Cow slaughter is raised, but recent carcass weight data and a larger proporti on of cows in the slaughter mix led to a reduction in expected carcass weights during the second half of the year. Pork production is reduced on a slower expected pace of slaughter during the last half of the year. Forecast turkey production is reduced s lightly from the previous month on June production data. Egg production is increased on second- quarter production data. For 2019, the pork production forecast is raised from the previous month on higher expected hog slaughter in the first part of the year and heavier carcass weights. The beef production forecast is raised on heavier carcass weights in 2019. Broiler production is also raised for 2019 on lower forecast feed prices . Annual turkey and egg production forecasts for 2019 are unchanged from the previous month. For 2018, second- quarter beef imports are reduced on June trade data; the forecasts for the outlying quarters and into 2019 are unchanged. Beef export forecasts are raised for both 2018 and 2019 on expectations of continued strong global demand. Second- quarter pork imports for 2018 are lowered slightly on recent trade data, but the forecasts for the outlying quarters and into 2019 are unchanged. The second- quarter pork export forecast is adjusted for June data; the forecast for the re mainder of 2018 and into 2019 is reduced slightly on expected competition in several markets. Broiler and turkey export forecasts are reduced for both 2018 and 2019 on weaker -than-expected demand. Cattle and turkey price forecasts are unchanged at the m idpoint for 2018 and 2019. Hog and broiler price forecasts are lowered for 2018 and 2019. The egg price forecast for 2018 is raised on recent price strength; no changes are made to the 2019 egg price forecasts. The milk production forecast for 2018 is unchanged from last month. The milk production forecast for 2019 is raised from the previous month on slightly higher cow numbers and increased milk per cow. For 2018, fat basis exports are raised from the previous month on higher sales of butter and other fat-containing products. The fat basis import forecast is also raised on higher expected imports of butterfat products. The skim -solids basis export forecast for 2018 is lowered on weaker sales of nonfat dry milk (NDM) and the imposition of tariffs b y China on lactose and other dairy products. The import forecast is unchanged. For 2019, the fat basis import and export forecasts are unchanged from the previous month. Skim -solids basis exports are lowered on expected continued weak sales of lactose. T he skim -solids import forecast for 2019 is reduced from the previous month on lower expected imports of milk protein concentrates. For 2018, cheese, butter, NDM and whey price forecasts are raised for 2018. Prices for cheese, NDM and whey a re also rai sed for 2019 as demand strength is expected to carry into next year. However, the 2019 butter price forecast remains unchanged from the previous month. The 2018 Class III and Class IV price forecasts are raised from the previous month to reflect the higher dairy product price forecasts. For 2019, Class III price forecast is raised on higher forecast cheese and whey prices. The Class IV price forecast is raised on the stronger forecast NDM price. The all milk price is raised to $16.10 to $16.30 per cwt for 2018, and is raised to $16.45 to $17.45 per cwt for 2019. COTTON : This month’s 2018/19 U.S. cotton forecast includes higher beginning stocks, production, exports, and ending stocks relative to last month. Production for the 2018 crop is raised 4 perc ent to 19.2 million bales, on this season’s first survey -based production forecast . WASDE- 580-5 NASS’s survey indicates higher abandonment, but a higher average yield compared to last month’s expectations. Beginning stocks are raised 400,000 bales due to lower -than- expected 2017/18 exports and domestic consumption, and 2018/19 exports are 500,000 bales higher, at 15.5 million bales. Ending stocks are 600,000 bales higher this month. The midpoint of the marketing -year-average price is unchanged from last month, at 75 cents per pound. Projected world 2018/19 ending stocks are down 1 percent this month, due to a combination of lower beginning stocks and higher consumption offsetting higher production. Beginning stocks are reduced 450,000 bales, reflect ing both lower production and higher consumption estimates for 2017/18. Production in 2018/19 is increased 400,000 bales, with higher expected crops in the United States, Argentina, and Turkey offsetting reduced crops in Uzbekistan, Australia, and Turkmenistan. Consumption is raised 660,000 bales, led by a 300,000- bale increase for Pakistan, with smaller increases in Indonesia, Turkey, and other countries. Approved by the Secretary of Agriculture and t he Chairman of the World Agricultural Outlook Board, Seth D. Meyer , (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY : SONNY PERDUE SECRETARY OF AGRICULTURE WASDE- 580-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers , ICEC Chair, WAOB, E -mail: wchambers @oce.usda.gov Jennifer Bond, ERS; Andrew Sowell, FAS; Pete Riley, FSA . Rice: William Chambers , ICEC Chair, WAOB, E-mail: wchambers @oce.usda.gov Nathan Childs, ERS; Rachel Trego, FAS; Sherrie Grimm, FSA. Feed Grains: Michael Jewison , ICEC Chair, WAOB, E-mail: [email protected] Tom Capehart, ERS; Yoonhee Macke , FAS; Thomas Gajnak , FSA . Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail: [email protected] Mark Ash, ERS; Bill George, FAS; Susan Proper, FSA . Cotton: Stephen MacDonald , ICEC Chair, WAOB, E -mail: [email protected] Leslie Meyer, ERS; James Johnson, FAS; Erik Dohlman , FSA . Sugar: Stephen Haley , ICEC Chair, WAOB, E -mail: shaley @oce.usda.gov Michael McConnell, ERS; Ro n Lord, FAS; Barbara Fecso, FSA. Meat Anim als: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Lindsay Kuberka, FAS; Ryan Pfirrmann- Powell, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Larry Haller, AMS; Sean R amos, ERS; Claire Mezoughem , FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E -mail: [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Milton Madison, FSA. In 2018, the WASDE report will be released at 12:00pm Eastern Time Sep 12, Oct 11, Nov 8, and Dec 11. WASDE- 580-7 T A B L E OF C O N T E N T S Page Highlights ................................ ................................ ................................ ............. 1 Interagency Commodity Estimates Committees ................................ .................... 6 World & U.S. Supply & Use for Grains ................................ ................................ .. 8 World & U.S. Supply & Use for Cotton ................................ ................................ .. 9 World & U.S. Suppl y & Use for Oilseeds ................................ ............................ 10 U.S. Wheat Supply & Use ................................ ................................ .................. 11 U.S. Wheat Supply & Use by Class ................................ ................................ .... 11 U.S. Feed Grain & Corn Supply & Use ................................ ............................... 12 U.S. Sorghum, Barley & Oats Supply & Use ................................ ....................... 13 U.S. Rice Supply & Use ................................ ................................ ..................... 14 U.S. Soybeans & Products Supply & Use ................................ ........................... 15 U.S. Sugar Supply & Use ................................ ................................ ................... 16 Mexico Sugar Supply and Use ................................ ................................ ........... 16 U.S. Cotton Supply & Use ................................ ................................ .................. 17 World Wheat Supply & Use ................................ ................................ ................ 18 World Coarse Grains Supply & Use ................................ ................................ .... 20 World Corn Supply & Use ................................ ................................ .................. 22 World Rice Supply & Use ................................ ................................ ................... 24 World Cotton Supply & Use ................................ ................................ ................ 26 World Soybean Supply & Use ................................ ................................ ............ 28 World Soybean Meal Supply & Use ................................ ................................ .... 29 World Soybean Oil Supply & Use ................................ ................................ ....... 30 U.S. Quarterly Animal Product Production ................................ .......................... 31 U.S. Quarterly Prices for Animal Products ................................ .......................... 31 U.S. Meats Supply and Use ................................ ................................ ............... 32 U.S. Egg Supply & Use ................................ ................................ ...................... 33 U.S. Milk Supply and Use ................................ ................................ .................. 33 U.S. Dairy Prices ................................ ................................ ............................... 34 Reliability Tables ................................ ................................ ................................ 35 Related USDA Reports ................................ ................................ ...................... 38 Metric Conversion Factors ................................ ................................ ................. 38 Electronic Access and Subscriptions ...................................................................... 40 August 2018 WASDE - 580 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2016/17 2608.63 3233.85 429.05 2577.72 656.12 2017/18 (Est.) 2561.03 3217.15 417.04 2577.56 639.59 filler filler filler filler filler 2018/19 (Proj.) Jul 2560.97 3199.33 430.53 2614.91 584.43 2018/19 (Proj.) Aug 2559.33 3198.92 431.00 2613.28 585.64 filler filler filler filler filler Wheat 2016/17 751.99 996.21 183.27 739.03 257.19 2017/18 (Est.) 758.02 1015.20 182.64 742.13 273.07 filler filler filler filler filler 2018/19 (Proj.) Jul 736.26 1009.75 185.45 748.87 260.88 2018/19 (Proj.) Aug 729.63 1002.70 183.87 743.74 258.96 filler filler filler filler filler Coarse Grains 5/ 2016/17 1369.92 1618.10 198.57 1355.94 262.16 2017/18 (Est.) 1314.47 1576.63 186.15 1353.93 222.70 filler filler filler filler filler 2018/19 (Proj.) Jul 1336.91 1557.92 195.87 1378.12 179.79 2018/19 (Proj.) Aug 1342.13 1564.84 197.87 1381.73 183.11 filler filler filler filler filler Rice, milled 2016/17 486.71 619.53 47.21 482.76 136.77 2017/18 (Est.) 488.54 625.31 48.25 481.50 143.82 filler filler filler filler filler 2018/19 (Proj.) Jul 487.80 631.66 49.21 487.91 143.75 2018/19 (Proj.) Aug 487.57 631.38 49.26 487.81 143.57 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2016/17 472.56 556.09 96.71 363.62 95.76 2017/18 (Est.) 437.29 541.22 93.72 361.15 86.35 filler filler filler filler filler 2018/19 (Pro j.) Jul 433.06 527.15 90.88 365.13 71.14 2018/19 (Proj.) Aug 442.44 536.86 95.29 368.27 73.31 filler filler filler filler filler Wheat 2016/17 62.83 92.60 28.60 31.86 32.13 2017/18 (Est.) 47.37 83.79 24.52 29.32 29.95 filler filler filler filler filler 2018/19 (Proj.) Jul 51.21 84.82 26.54 31.49 26.80 2018/19 (Proj.) Aug 51.08 84.70 27.90 31.35 25.45 filler filler filler filler filler Coarse Grains 5/ 2016/17 402.61 454.15 64.46 327.53 62.17 2017/18 (Est.) 384.26 449.45 66.45 327.71 55.30 filler filler filler filler filler 2018/19 (Proj.) Jul 375.09 433.68 61.11 329.58 43.00 2018/19 (Proj.) Aug 384.67 443.51 64.28 332.75 46.47 filler filler filler filler filler Rice, milled 2016/17 7.12 9.34 3.65 4.23 1.46 2017/18 (Est.) 5.66 7.98 2.75 4.13 1.10 filler filler filler filler filler 2018/19 (Proj.) Jul 6.76 8.65 3.24 4.06 1.34 2018/19 (Proj.) Aug 6.70 8.66 3.11 4.16 1.39 filler filler filler filler filler 1/ Aggregate of local marketing years . 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Cor n, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). August 2018 WASDE - 580 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2016/17 2,136.07 2,677.76 332.34 2,214.10 560.36 2017/18 (Est.) 2,123.74 2,675.93 323.32 2,216.40 553.25 filler filler filler filler filler 2018/19 (Proj.) Jul 2,127. 90 2,672.18 339.65 2,249.77 513.29 2018/19 (Proj.) Aug 2,116.89 2,662.06 335.71 2,245.01 512.34 filler filler filler filler filler Wheat 2016/17 689.16 903.62 154.67 707.16 225.06 2017/18 (Est.) 710.65 931.42 158.12 712.81 243.13 filler filler filler filler filler 2018/19 (Proj.) Jul 685.05 924.93 158.92 717.39 234.08 2018/19 (Proj.) Aug 678.55 918.00 155.97 712.39 233.51 filler filler filler filler filler Coarse Grains 5/ 2016/17 967.31 1,163.95 134.11 1,028.41 200.00 2017/1 8 (Est.) 930.22 1,127.18 119.70 1,026.22 167.41 filler filler filler filler filler 2018/19 (Proj.) Jul 961.82 1,124.23 134.76 1,048.54 136.80 2018/19 (Proj.) Aug 957.47 1,121.33 133.59 1,048.97 136.64 filler filler filler filler filler Rice, milled 2016/17 479.60 610.20 43.57 478.53 135.31 2017/18 (Est.) 482.88 617.34 45.51 477.37 142.71 filler filler filler filler filler 2018/19 (Proj.) Jul 481.04 623.02 45.97 483.84 142.41 2018/19 (Proj.) Aug 480.87 622.73 46.14 483.65 142.19 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat , coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2016/17 106.63 200.07 37.65 115.78 84.09 2017/18 (Est.) 123.51 207.60 40.79 122.74 84.51 filler filler filler filler filler 2018/19 (Proj.) Jul 120.11 205.06 41.24 126.95 77.84 2018/19 (Proj.) Aug 120.53 205.04 41.82 127.62 77.10 filler filler filler filler filler United States 2016/17 17.17 20.98 14.92 3.25 2.75 2017/18 (Est.) 20.92 23.68 15.85 3.25 4.40 filler filler filler filler filler 2018/19 (Proj.) Jul 18.50 22.51 15.00 3.40 4.00 2018/19 (Proj.) Aug 19.24 23.64 15.50 3.40 4.60 filler filler filler filler filler Foreign 4/ 2016/17 89.46 179.10 22.73 112.53 81.34 2017/18 (Est.) 102.59 183.92 24.94 119.49 80.11 filler filler filler filler filler 2018/19 (Proj.) Jul 101.61 182.56 26.24 123.55 73.84 2018/19 (Proj.) Aug 101.29 181.40 26.32 124.22 72.50 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal t o world minus United States. See globa l cotton tables for treatment of export/import imbalances. August 2018 WASDE - 580 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2016/17 574.22 668.65 170.43 469.57 110.95 2017/18 (Est.) 573.40 684.36 177.49 484.06 111.65 filler filler filler filler filler 2018/19 (Proj.) Jul 592.59 704.48 181.30 500.64 111.69 2018/19 (Proj.) Aug 603.12 714.78 182.50 501.81 119.94 filler filler filler filler filler Oilmeals 2016/17 321.13 338.24 88.19 318.61 16.31 2017/18 (Est.) 330.41 346.72 87.79 329.95 13.73 filler filler filler filler filler 2018/19 (Proj.) Jul 343.19 358.19 88.72 340.36 14.98 2018/19 (Proj.) Aug 343.43 357.17 89.48 340.42 13.84 filler filler filler filler filler Vegetable Oils 2016/17 189.18 210.66 81.13 183.81 20.60 2017/18 (Est.) 197.35 217.95 81.01 191.11 21.33 filler filler filler filler filler 2018/19 (Proj.) Jul 203.74 225.98 83.88 197.47 22.85 2018/19 (Proj.) Aug 204.42 225.75 84.45 197.74 22.12 filler filler filler filler filler United States Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2016/17 126.93 135.31 60.08 56.26 9.60 2017/18 (Est.) 131.03 142.05 58.67 59.77 13.65 filler filler filler filler filler 2018/19 (Proj.) Jul 127.83 143.89 56.66 60.21 17.65 2018/19 (Proj.) Aug 135.55 150.61 57.20 60.62 23.19 filler filler filler filler filler Oilmeals 2016/17 43.11 47.31 10.83 36.08 0.41 2017/18 (Est.) 46.35 50.54 13.10 37.03 0.42 filler filler filler filler filler 2018/19 (Proj.) Jul 46.49 50.70 12.26 38.02 0.42 2018/19 (Proj.) Aug 46.72 50.93 12.48 38.02 0.42 filler filler filler filler filler Vegetable Oils 2016/17 11.43 17.37 1.42 14.72 1.23 2017/18 (Est.) 11.97 18.23 1.36 15.46 1.41 filler filler filler filler filler 2018/19 (Proj.) Jul 12.15 18.75 1.25 16.07 1.43 2018/19 (Proj.) Aug 12.23 18.76 1.25 16.16 1.35 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2016/17 447.29 533.35 110.35 413.31 101.35 2017/18 (Est.) 442.37 542.31 118.83 424.29 98.01 filler filler filler filler filler 2018/19 (Proj.) Jul 464.76 560.59 124.64 440.43 94.04 2018/19 (Proj.) Aug 467.57 564.16 125.30 441.19 96.74 filler filler filler filler filler Oilmeals 2016/17 278.02 290.93 77.36 282.53 15.90 2017/18 (Est.) 284.06 296.18 74.70 292.93 13.32 filler filler filler filler filler 2018/19 (Proj.) Jul 296.70 307.49 76.46 302.34 14.56 2018/19 (Proj.) Aug 296.72 306.24 76.99 302.39 13.42 filler filler filler filler filler Vegetable Oils 2016/17 177.74 193.29 79.71 169.09 19.37 2017/18 (Est.) 185.38 199.72 79.65 175.65 19.91 filler filler filler filler filler 2018/19 (Proj.) Jul 191.59 207.23 82.63 181.40 21.42 2018/19 (Proj.) Aug 192.19 206.99 83.20 181.58 20.76 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. August 2018 WASDE - 580 - 11 U.S. Wheat Supply and Use 1/ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Jul Aug Million Acres Area Planted 50.1 46.0 47.8 47.8 Area Harvested 43.9 37.6 39.6 39.6 Bushels Yield per Harvested Acre 52.7 46.3 47.5 47.4 Million Bushels Beginning Stocks 976 1,181 1,100 1,100 Production 2,309 1,741 1,881 1,877 Imports 118 157 135 135 Supply, Total 3,402 3,079 3,117 3,112 Food 949 964 965 970 Seed 61 64 62 62 Feed and Residual 161 48 130 120 Domestic, Total 1,171 1,077 1,157 1,152 Exports 1,051 901 975 1,025 Use, Total 2,222 1,978 2,132 2,177 Ending Stocks 1,181 1,100 985 935 Avg. Farm Price ($/bu) 2/ 3.89 4.73 4.50 - 5.50 4.60 - 5.60 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft R ed Winter White Durum Total Million Bushels 2017/18 (Est.) Beginning Stocks 589 235 215 105 36 1,181 Production 750 385 292 258 55 1,741 Supply, Total 3/ 1,346 708 511 371 143 3,079 Domestic Use 394 288 216 90 89 1,077 Exports 371 228 90 194 18 901 Use, Total 765 517 306 284 107 1,978 Ending Stocks, Total 581 191 205 87 36 1,100 2018/19 (Proj.) Beginning Stocks 581 191 205 87 36 1,100 Production 661 583 292 267 73 1,877 Supply, Total 3/ 1,253 839 507 364 149 3,112 Domestic Use 464 292 214 94 88 1,152 Exports 395 285 115 200 30 1,025 Use, Total 859 577 329 294 118 2,177 Ending Stocks, Total Aug 394 262 178 70 31 935 Ending Stocks, Total Jul 417 283 169 75 41 985 Note: Tota ls may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. August 2018 WASDE - 580 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Jul Aug Million Acres Area Planted 106.6 100.9 100.6 * 100.6 Area Harvested 96.5 90.5 90.1 * 90.1 Metric Tons Yield per Harvested Acre 4.17 4.24 4.16 4.27 Million Me tric Tons Beginning Stocks 48.1 62.1 55.0 55.3 Production 402.3 384.0 374.8 384.4 Imports 3.3 2.8 3.3 3.3 Supply, Total 453.6 449.0 433.2 443.0 Feed and Residual 144.6 141.8 141.6 144.1 Food, Seed & Industrial 182.4 185.4 187.5 188.2 Domest ic, Total 327.0 327.2 329.1 332.3 Exports 64.5 66.4 61.1 64.3 Use, Total 391.5 393.7 390.2 396.6 Ending Stocks 62.1 55.3 43.0 46.5 CORN 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. July August Million Acres Area Planted 94.0 90.2 89.1 * 89.1 Area Harvested 86.7 82.7 81.8 * 81.8 Bushels Yield per Harvested Acre 174.6 176.6 174.0 * 178.4 Million Bushels Beginning Stocks 1,737 2,293 2,027 2,027 Production 15,148 14,604 14,230 14,586 Imports 57 40 50 50 Supply , Total 16,942 16,937 16,307 16,664 Feed and Residual 5,470 5,450 5,425 5,525 Food, Seed & Industrial 2/ 6,885 7,060 7,105 7,105 Ethanol & by -products 3/ 5,432 5,600 5,625 5,625 Domestic, Total 12,355 12,510 12,530 12,630 Exports 2,294 2,400 2,225 2,350 Use, Total 14,649 14,910 14,755 14,980 Ending Stocks 2,293 2,027 1,552 1,684 Avg. Farm Price ($/bu) 4/ 3.36 3.35 - 3.45 3.30 - 4.30 3.10 - 4.10 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 f or corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by -products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing - year weighted average price received by farmers. * For July, planted acres reported in the June 29, 2018, "Acr eage." The corn yield projection is based on a weather -adjusted trend assuming normal mid -May planting progress and summer growing season weather, estimated using the 1988 -2017 time period, and includes a downward stochastic adjustment to account for the asymmetric response of yield to July precipitation. (For an explanation of the yield trend model see Westcott and Jewison, Weather Effects on Expected Corn and Soybean Yields, USDA -ERS, Feed Outlook No. (FDS -13G-01), July 2013, www.ers.usda.gov/webdocs/pub lications/fds13g01/39297_fds -13g-01.pdf?v=41481.) August 2018 WASDE - 580 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Jul Aug Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 6.7 5.6 6.0 * 6.0 Area Harvested (mil. acres) 6.2 5.0 5.3 * 5.3 Yield (bushels/acre) 77.9 72.1 67.3 * 70.9 Beginning Stocks 37 33 34 44 Production 480 364 356 375 Imports 2 2 0 0 Supp ly, Total 519 399 390 420 Feed and Residual 133 85 80 80 Food, Seed & Industrial 115 60 100 125 Total Domestic 247 145 180 205 Exports 238 210 175 175 Use, Total 485 355 355 380 Ending Stocks 33 44 35 40 Avg. Farm Price ($/bu) 2/ 2.79 3.15 - 3.25 3.10 - 4.10 2.90 - 3.90 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. July August Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.1 2.5 2.5 * 2.5 Area Harvested (mil. acres) 2.6 2.0 2.0 * 2.0 Yield (bushels/acre) 77.9 72.6 75.6 * 76.3 Beginning Stocks 102 106 95 95 Production 200 142 155 156 Imports 10 9 20 20 Supply, Total 312 257 269 271 Feed and Residual 39 0 15 15 Food, Seed & Industrial 162 157 155 155 Total D omestic 201 158 170 170 Exports 4 5 5 5 Use, Total 205 163 175 175 Ending Stocks 106 95 94 96 Avg. Farm Price ($/bu) 2/ 4.96 4.47 4.00 - 5.20 4.00 - 5.20 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. July August Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.8 2.6 2.9 * 2.9 Area Harvested (mil. acres) 1.0 0.8 1.0 * 1.0 Yield (bushels/acre) 66.0 61.7 65.8 * 65.1 Beginning Stocks 57 50 41 41 Production 65 49 66 66 Imports 90 89 95 95 Supply, Total 212 189 202 202 Feed and Residual 82 68 80 80 Food, Seed & Industrial 76 78 79 79 Total Domestic 158 146 159 159 Exports 3 2 2 2 Use, Total 161 148 161 161 Ending Stocks 50 41 41 41 Avg. Farm Price ($/bu) 2/ 2.06 2.58 2.50 - 3.10 2.50 - 3.10 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. * For July, for sorghum planted and harvested acres reported in the June 29, 2018, "Acreage." The yield is the median yield for 1986 -2017. Barley and oats area planted, area harvested, yield, and production as reported in the July 12, 2018, "Crop Producti on." August 2018 WASDE - 580 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Jul Aug Million Acres Area Plante d 3.15 2.46 2.84 * 2.84 Area Harvested 3.10 2.37 2.80 * 2.80 Fil ler Pounds Yield per Harvested Acre 7,237 7,507 7,599 * 7,523 Million Hundredweight Beginning Stocks 2/ 46.5 46.0 32.3 34.8 Production 224.1 178.2 213.0 210.9 Imports 23.5 27.0 27.0 27.0 Supply, Total 294.1 251.3 272.3 272.6 Domestic & Residual 3/ 133.2 130.0 128.0 131.0 Exports, Total 4/ 114.8 86.5 102.0 98.0 Rough 40.4 29.0 34.0 34.0 Milled (rough equiv.) 74.4 57.5 68.0 64.0 Use, Tot al 248.0 216.5 230.0 229.0 Ending Stocks 46.0 34.8 42.3 43.6 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 10.40 12.50 11.60 - 12.60 11.40 - 12.40 Total LONG -GRAIN RICE 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. July August Harvested Acres (mil.) 2.40 1.75 Yield (pounds/acre) 6,927 7,314 Beginning Stocks 22.7 31.0 20.4 23.4 Production 166.5 127.9 156.5 153.7 Supply, Total 7/ 209.4 182.4 200.4 200.6 Domestic & Residual 3/ 101.8 96.0 99.0 102.0 Exports 8/ 76.6 63.0 72.0 68.0 Use, Total 178.4 159.0 171.0 170.0 Ending Stocks 31.0 23.4 29.4 30.6 Avg. Farm Price ($/cwt) 6/ 9.61 11.70 10.70 - 11.70 10.50 - 11.50 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. July August Harvested Acres (mil.) 0.69 0.63 Yield (pounds/acre) 8,311 8,048 Beginning Stocks 20.9 11.5 8.4 7.9 Production 57.7 50.4 56.5 57.2 Supply, Total 7/ 81.1 65.4 68.4 68.5 Domestic & Residual 3/ 31.4 34.0 29.0 29.0 Exports 8/ 38.2 23.5 30.0 30.0 Use, Total 69.6 57.5 59.0 59.0 Ending Stocks 11.5 7.9 9.4 9.5 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 13.10 15.00 14.50 - 15.50 14.40 - 15.40 California 10/ 14.10 16.60 16.00 - 17.00 16.00 - 17.00 Other States 1/ 10.10 12.00 11.00 - 12.00 10.80 - 11.80 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the foll owing quantities of broken kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2015/16 -2.9; 2016/17 -3.5; 2017/18 -3.5. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type m ay not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the tot al quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NAS S monthly p rices and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.65 per cwt from 2008/09 -2013/14, with a high of $3.50 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. * For July-- Planted and harvested area reported in June 29, 2018 "Acreage" report. Projected yield is based on by -class trend analysis and prospective planting. August 2018 WASDE - 580 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Jul Aug Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 83.4 90.1 89.6 * 89.6 Area Harv ested 82.7 89.5 88.9 * 88.9 Fil ler Bushels Yield per Harvested Acre 52.0 49.1 48.5 * 51.6 Million Bushels Beginning Stocks 197 302 465 430 Production 4,296 4,392 4,310 4,586 Imports 22 22 25 25 Supply, Total 4,515 4,715 4,800 5,040 Crush ings 1,901 2,040 2,045 2,060 Exports 2,166 2,110 2,040 2,060 Seed 105 104 103 103 Residual 41 32 32 33 Use, Total 4,214 4,286 4,220 4,256 Ending Stocks 302 430 580 785 Avg. Farm Price ($/bu) 2/ 9.47 9.35 8.00 - 10.50 7.65 - 10.15 Total SOYBEAN OIL 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. July August Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,687 1,711 2,316 2,171 Production 4/ 22,123 23,495 23,620 23,795 Imports 319 315 300 300 Supply, T otal 24,129 25,521 26,236 26,266 Domestic Disappearance 19,862 20,900 21,800 22,000 Biodiesel 3/ 6,200 6,900 7,800 7,800 Food, Feed & other Industrial 13,662 14,000 14,000 14,200 Exports 2,556 2,450 2,200 2,200 Use, Total 22,418 23,350 24,000 24,200 Ending stocks 1,711 2,171 2,236 2,066 Avg. Price (c/lb) 2/ 32.48 30.00 28.00 - 32.00 28.00 - 32.00 Total SOYBEAN MEAL 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. July August Fil ler 1 2 3 4 Thousand Short Tons Beginn ing Stocks 264 401 400 400 Production 4/ 44,787 48,499 48,450 48,700 Imports 350 500 350 350 Supply, Total 45,400 49,400 49,200 49,450 Domestic Disappearance 33,420 34,900 35,700 35,700 Exports 11,580 14,100 13,100 13,350 Use, Total 45,000 49,000 48,800 49,050 Ending Stocks 401 400 400 400 Avg. Price ($/s.t.) 2/ 316.88 350.00 315.00 - 355.00 295.00 - 335.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning Septe mber 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple av erage of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,050 million bushels for 2017/18 and 2,060 million bushels for 2018/19. *Planted and harvested acres are from th e June 29, 2018 Acreage report. The yield is based on a weather -adjusted trend model. August 2018 WASDE - 580 - 16 U.S. Sugar Supply and Use 1/ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Jul Aug Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 2,054 1,876 2,011 2,103 Production 2/ 8,969 9,258 8,776 9,088 Beet Sugar 5,103 5,241 5,036 5,107 Cane Sugar 3,866 4,017 3,740 3,981 Florida 2,055 1,983 2,000 2,050 Hawaii 43 0 0 0 Louisiana 1,628 1,859 1,590 1,781 Texas 140 175 150 150 Imports 3,244 3,394 3,560 3,560 TRQ 3/ 1,611 1,754 1,539 1,539 Other Program 4/ 419 325 350 350 Other 5/ 1,213 1,314 1,670 1,670 Mexico 1,201 1,269 1,655 1,655 Total Supply 14,267 14,528 14,347 14,751 Exports 95 170 85 85 Deliveries 12,258 12,255 12,555 12,405 Food 6/ 12,102 12,100 12,400 12,250 Other 7/ 156 155 155 155 Miscellaneous 38 0 0 0 Total Use 12,391 12,425 12,640 12,490 Ending Stocks 1,876 2,103 1,707 2,261 Stocks to Use Ratio 15.1 16.9 13.5 18.1 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market D ata" (SMD). 2/ Production projections for 2017/18 and 2018/19 are based on Crop Production and processor projections where appropriate. 3/ For 2017/18, WTO raw sugar TRQ shortfall (211) and for 2018/19 (99). 4/ Composed of sugar under the re - export and polyhydric alcohol programs. 5/ Imports from Mexico; and high- tier tariff sugar and syrups not otherwise specified -- for 2017/18 (45) and 2018/19 (15). 6/ After 2014/15, SMD deliveries for domestic human food use and for miscellaneous uses reported separ ately. 7/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE -reported deliveries: 2016/17 -- 389; estimated 2017/18 -- 254; projected 2018/19 -- 346. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metri c Tons, Actual Weight 2017/18 Est. Jul 1,002 6,009 190 4,727 1,228 1,247 2017/18 Est. Aug 1,002 6,009 190 4,727 1,228 1,247 2018/19 Proj. Jul 1,247 6,025 115 4,952 1,427 1,008 2018/19 Proj. Aug 1,247 6,025 115 4,952 1,427 1,008 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): Oct -Sep 2016/17 = 1,522, Estimated 2017/18 = 1,608; Oct - Jun 2016/17 = 1,119; Oct - Jun 2017/18 = 1,182; Projected 2018/19 = 1,608. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2017/18 (390 est); 2018/19 (390). Other Deliveries/Ending Year Stat istical Adjustments: 2017/18 (0), 2018/19 (0). August 2018 WASDE - 580 - 17 U.S. Cotton Supply and Use 1/ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Jul Aug Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 10.07 12.61 13.52 ** 13.52 Harvested 9.51 11.10 10.51 ** 10.14 Fil ler Pounds Yield per Harvested Acre 867 905 845 ** 911 Million 480 Pound Bales Beginning Stocks 3.80 2.75 4.00 4.40 Production 17.17 20.92 18.50 19.24 Imports 0.01 0.01 0.01 0.01 Supply, Total 20.98 23.68 22.51 23.64 Domestic Use 3.25 3.25 3.40 3.40 Exports, Total 14.92 15.85 15.00 15.50 Use, Total 18.17 19.10 18.40 18.90 Unaccounted 2/ 0.06 0.18 0.11 0.14 Ending Stocks 2.75 4.40 4.00 4.60 Avg. F arm Price 3/ 68.0 68.0 68.00 - 82.00 70.00 - 80.00 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between th e previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. **Planted area as reported in June 29, 2018 Acreage. Harvested area based on 10-year average abandonment by region, with the Southwest adjusted to 35 percent based on weather conditions. Yield based on 5 -year average yields by region. August 2018 WASDE - 580 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 244.22 751.99 179.10 146.90 739.03 183.27 257.19 United States 26.55 62.83 3.21 4.37 31.86 28.60 32.13 Total Foreign 217.67 689.16 175.89 142.53 707.16 154.67 225.06 Major Exporters 4/ 25.34 227.73 5.95 65.82 151.35 84.05 23.61 Argentina 0.82 18.40 0.00 0.05 5.15 13.83 0.25 Australia 3.85 31.82 0.14 4.00 7.45 22.64 5.72 Canada 5.18 32.14 0.50 5.77 10.75 20.16 6.91 European Union 5/ 15.49 145.37 5.30 56.00 128.00 27.43 10.73 Major Importers 6/ 142.30 199.07 96.35 36.17 277.35 5.48 154.89 Brazil 1.00 6.73 7.35 0.80 12.20 0.62 2.26 China 97.04 128.85 4.41 16.50 118.50 0.75 111.05 Sel. Mideast 7/ 16.68 19.14 18.11 4.44 37.75 0.53 15.65 N. Africa 8/ 16.63 14.08 28.30 2.35 44.55 0.57 13.89 Pakistan 3.82 25.63 0.00 0.80 24.50 0.60 4.35 Southeast Asia 9/ 5.19 0.00 26.91 9.89 25.47 1.02 5.61 Selected Other India 14.54 87.00 5.90 4.70 97.12 0.52 9.80 FSU-12 16.79 130.09 7.34 27.62 78.65 54.42 21.15 Russia 5.61 72.53 0.50 17.00 40.00 27.81 10.83 Kazakhstan 2.60 14.99 0.08 2.10 6.90 7.40 3.36 Ukraine 3.35 26.79 0.04 3.60 10.30 18.11 1.77 2017/18 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 257.19 758.02 181.64 145.18 742.13 182.64 273.07 United States 32.13 47.37 4.28 1.32 29.32 24.52 29.95 Total Foreign 225.06 710.65 177.36 143.86 712.82 158.12 243.13 Major Exporters 4/ 23.61 220.98 6.21 66.25 152.53 72.60 25.67 Argentina 0.25 18.00 0.01 0.05 5.55 12.00 0.70 Australia 5.72 21.30 0.15 3.80 7.28 15.00 4.90 Canada 6.91 30.00 0.45 4.40 9.30 22.10 5.96 European Union 5/ 10.73 151.68 5.60 58.00 130.40 23.50 14.12 Major Importers 6/ 154.89 202.68 94.81 32.45 278.09 6.59 167.70 Brazil 2.26 4.26 7.00 0.50 12.00 0.25 1.27 China 111.05 129.77 4.00 13.50 117.00 1.00 126.82 Sel. Mideast 7/ 15.65 18.33 18.38 5.11 38.95 0.79 12.62 N. Africa 8/ 13.89 19.25 27.53 2.25 45.25 0.84 14.58 Pakistan 4.35 26.67 0.01 1.00 25.00 1.20 4.83 Southeast Asia 9/ 5.61 0.00 26.60 9.04 25.69 1.05 5.47 Selec ted Other India 9.80 98.51 1.17 5.00 95.83 0.44 13.20 FSU-12 21.15 142.22 8.22 32.31 83.96 69.11 18.52 Russia 10.83 84.99 0.40 21.50 45.00 42.00 9.22 Kazakhstan 3.36 14.80 0.06 2.10 6.90 8.50 2.83 Ukraine 1.77 26.98 0.06 3.40 9.90 17.50 1.41 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Sou theast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2018 WASDE - 580 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jul 273.50 736.26 182.69 142.33 748.87 185.45 260.88 Aug 273.07 729.63 181.68 138.45 743.74 183.87 258.96 United States Jul 29.95 51.21 3.67 3.54 31.49 26.54 26.80 Aug 29.95 51.08 3.67 3.27 31.35 27.90 25.45 Total Foreign Jul 243.55 685.05 179.01 138.80 717.39 158.92 234.08 Aug 243.13 678.55 178.01 135.19 712.39 155.97 233.51 Major Exporters 4/ Jul 25.59 219.00 6.16 63.20 149.90 82.20 18.65 Aug 25.67 211.50 6.11 61.10 147.20 77.70 18.38 Argentina Jul 0.70 19.50 0.01 0.10 5.70 14.20 0.31 Aug 0.70 19.50 0.01 0.10 5.70 14.20 0.31 Australia Jul 4.90 22.00 0.15 4.60 8.10 16.00 2.95 Aug 4.90 22.00 0.15 4.60 8.10 16.00 2.95 Canada Jul 5.61 32.50 0.50 4.00 9.10 24.50 5.01 Aug 5.96 32.50 0.45 4.40 9.40 24.50 5.01 European Union 5/ Jul 14.39 145.00 5.50 54.50 127.00 27.50 10.39 Aug 14.12 137.50 5.50 52.00 124.00 23.00 10.12 Major Importers 6/ Jul 167.49 202.02 95.77 35.62 285.04 6.43 173.81 Aug 167.70 202.62 95.22 35.25 284.92 6.86 173.77 Brazil Jul 1.27 4.90 7.50 0.60 12.20 0.30 1.17 Aug 1.27 4.70 7.50 0.50 12.10 0.30 1.07 China Jul 126.82 128.00 4.50 17.00 122.00 1.20 136.12 Aug 126.82 128.00 4.50 17.00 122.00 1.20 136.12 Sel. Mideast 7/ Jul 12.67 18.86 18.59 4.83 39.12 1.14 9.86 Aug 12.62 18.86 18.46 4.81 39.08 1.14 9.73 N. Africa 8/ Jul 14.40 21.10 26.28 2.25 45.88 0.69 15.22 Aug 14.58 21.10 25.95 2.25 45.95 0.69 14.99 Pakistan Jul 4.83 25.50 0.01 1.20 25.30 1.00 4.04 Aug 4.83 26.30 0.01 1.20 25.30 1.20 4.64 Southeast Asia 9/ Jul 5.29 0.00 27.50 8.79 26.24 1.04 5.51 Aug 5.47 0.00 27.40 8.54 26.29 1.07 5.51 Selected Other India Jul 13.20 97.00 0.50 5.00 98.00 0.40 12.30 Aug 13.20 97.00 0.50 5.00 98.00 0.40 12.30 FSU-12 Jul 19.38 121.24 8.88 27.51 77.89 60.03 11.58 Aug 18.52 122.54 8.91 26.36 76.64 61.03 12.31 Russia Jul 10.22 67.00 0.60 17.00 39.00 34.00 4.82 Aug 9.22 68.00 0.60 16.00 38.00 35.00 4.82 Kazakhstan Jul 2.83 14.00 0.06 1.90 6.70 8.50 1.69 Aug 2.83 14.50 0.06 2.00 6.80 8.50 2.09 Ukraine Jul 1.40 25.50 0.03 3.20 9.40 16.50 1.03 Aug 1.41 25.50 0.03 3.00 9.20 16.50 1.24 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in w orld imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2018 WASDE - 580 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 248.17 1,369.92 172.76 800.53 1,355.94 198.57 262.16 United States 48.11 402.61 3.43 144.75 327.53 64.46 62.17 Total Foreign 200.06 967.31 169.33 655.78 1,028.41 134.11 200.00 Major Exporters 4/ 18.09 212.15 2.50 90.19 121.41 77.85 33.47 Argentina 3.28 48.57 0.01 10.77 16.04 29.11 6.71 Australia 1.50 17.27 0.00 4.22 6.09 10.00 2.68 Brazil 7.01 101.58 1.55 53.45 64.03 31.61 14.49 Canada 4.97 26.62 0.79 14.22 21.94 4.85 5.60 Major Importers 5/ 45.10 241.15 120.77 275.39 357.99 11.05 37.99 European Union 6/ 15.57 152.95 15.61 119.87 160.84 8.09 15.20 Japan 1.76 0.17 17.00 13.25 17.25 0.00 1.68 Mexico 5.89 33.26 15.24 27.95 46.85 1.54 6.01 N. Afr & Mideast 7/ 10.51 24.90 34.15 54.79 62.59 0.16 6.81 Saudi Arabia 4.40 0.25 11.53 13.22 13.62 0.00 2.56 Southeast Asia 8/ 4.37 29.35 13.67 34.96 42.93 1.27 3.19 South Korea 1.95 0.20 9.32 7.25 9.62 0.00 1.85 Selected Other China 112.09 226.87 16.06 173.90 252.95 0.11 101.95 FSU-12 6.25 92.74 0.77 41.04 56.36 36.59 6.80 Russia 1.67 40.77 0.28 22.48 32.08 8.56 2.08 Ukraine 3.17 39.22 0.04 9.06 12.53 26.90 3.00 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 262.16 1,314.47 183.88 814.18 1,353.93 186.15 222.70 United States 62.17 384.26 3.03 141.96 327.71 66.45 55.30 Total Foreig n 200.00 930.22 180.85 672.23 1,026.22 119.70 167.41 Major Exporters 4/ 33.47 178.49 2.79 92.14 124.12 66.02 24.61 Argentina 6.71 40.33 0.01 9.89 15.32 27.11 4.62 Australia 2.68 11.91 0.00 3.29 5.16 7.77 1.66 Brazil 14.49 85.79 1.05 57.01 67.46 23.01 10.86 Canada 5.60 26.21 1.58 15.49 23.25 5.83 4.31 Major Importers 5/ 37.99 245.13 130.34 282.55 366.33 10.39 36.75 European Union 6/ 15.20 152.97 17.92 120.80 162.32 7.98 15.79 Japan 1.68 0.19 17.07 13.31 17.30 0.00 1.64 Mexico 6.01 32.51 16.45 29.30 48.31 1.30 5.36 N. Afr & Mideast 7/ 6.81 29.41 38.23 58.90 66.90 0.16 7.39 Saudi Arabia 2.56 0.36 12.10 12.64 13.20 0.00 1.82 Southeast Asia 8/ 3.19 29.43 14.38 35.85 43.82 0.95 2.22 South Korea 1.85 0.20 10.00 7.61 10.13 0.00 1.92 Selected Other China 101.95 223.39 17.00 179.22 262.08 0.08 80.18 FSU-12 6.80 88.80 0.69 39.42 54.48 35.94 5.87 Russia 2.08 41.71 0.11 21.87 31.32 10.99 1.60 Ukraine 3.00 34.07 0.03 8.02 11.40 23.00 2.70 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2 / Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentin a, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Sy ria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2018 WASDE - 580 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jul 221.01 1,336.91 188.98 827.99 1,378.12 195.87 179.79 Aug 222.70 1,342.13 190.02 830.83 1,381.73 197.87 183.11 United States Jul 55.04 375.09 3.55 141.70 329.5 8 61.11 43.00 Aug 55.30 384.67 3.55 144.24 332.75 64.28 46.47 Total Foreign Jul 165.96 961.82 185.43 686.29 1,048.55 134.76 136.80 Aug 167.41 957.47 186.48 686.59 1,048.97 133.59 136.64 Major Exporters 4/ Jul 23.32 202.24 2.00 93.43 126.43 77.20 23.93 Aug 24.61 200.27 2.00 94.48 127.48 75.02 24.38 Argentina Jul 4.62 48.85 0.01 10.90 16.55 30.31 6.62 Aug 4.62 48.85 0.01 10.90 16.55 30.31 6.62 Australia Jul 1.66 12.35 0.00 2.74 4.59 8.27 1.16 Aug 1.66 12.35 0.00 2.74 4.59 8.27 1.16 Brazil Jul 9.36 98.96 1.25 57.54 68.99 31.02 9.56 Aug 10.86 97.49 1.25 58.59 70.04 29.02 10.54 Canada Jul 4.53 27.53 0.61 15.58 23.04 5.40 4.23 Aug 4.31 27.53 0.61 15.58 23.04 5.42 3.99 Major Importers 5/ Jul 36.22 246.8 1 134.21 291.82 375.83 11.22 30.19 Aug 36.75 242.58 135.63 291.01 374.42 10.42 30.12 European Union 6/ Jul 14.97 154.66 16.56 122.70 164.37 8.76 13.06 Aug 15.79 150.43 18.86 123.25 164.32 7.96 12.80 Japan Jul 1.63 0.19 16.87 13.42 17.41 0.00 1.27 Aug 1.64 0.19 16.87 13.42 17.41 0.00 1.28 Mexico Jul 5.35 31.89 18.31 31.62 50.84 1.50 3.21 Aug 5.36 31.89 18.31 31.62 50.84 1.50 3.22 N. Afr & Mideast 7/ Jul 7.44 30.07 38.61 60.90 68.86 0.20 7.06 Aug 7.39 30.07 38.24 60.74 68.70 0.20 6.80 Saudi Arabia Jul 1.82 0.34 13.21 13.75 14.28 0.00 1.10 Aug 1.82 0.34 13.21 13.35 13.88 0.00 1.50 Southeast Asia 8/ Jul 2.51 29.39 16.16 37.18 45.11 0.77 2.18 Aug 2.22 29.39 15.66 36.38 44.31 0.77 2.20 South Korea Jul 1.92 0.20 10.39 8.11 10.62 0.00 1.89 Aug 1.92 0.20 10.39 8.11 10.62 0.00 1.89 Selected Other China Jul 80.38 232.81 16.90 184.35 270.43 0.07 59.59 Aug 80.18 232.81 16.90 184.35 270.43 0.07 59.39 FSU-12 Jul 6.08 88.07 0.70 36.50 50.99 38.50 5.36 Aug 5.87 89.67 0.72 36.61 50.98 40.03 5.24 Russia Jul 1.82 36.43 0.16 19.18 28.23 8.86 1.32 Aug 1.60 35.98 0.18 18.88 27.83 8.84 1.09 Ukraine Jul 2.69 38.25 0.04 7.28 10.49 27.71 2.77 Aug 2.70 40.10 0.04 7.70 10.89 29.16 2.78 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to r eflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Afr ica. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Mal aysia, Philippines, Thailand, and Vietnam. August 2018 WASDE - 580 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 210.07 1,078.56 135.49 633.24 1,060.80 159.96 227.83 United States 44.12 384.78 1.45 138.95 313.83 58.27 58.25 Total Foreign 165.94 693.78 134.04 494.29 746.97 101.69 169.58 Major Exporters 4/ 9.32 157.05 0.87 65.96 84.36 59.88 23.00 Argentina 1.46 41.00 0.01 7.50 11.20 25.99 5.28 Brazil 6.77 98.50 0.85 51.00 60.50 31.60 14.02 South Africa 1.10 17.55 0.00 7.46 12.66 2.29 3.70 Major Importers 5/ 22.45 124.91 80.41 147.96 201.01 5.00 21.75 Egypt 2.22 6.00 8.77 12.70 15.10 0.01 1.89 European Union 6/ 6.71 61.89 15.02 55.00 74.00 2.19 7.44 Japan 1.35 0.00 15.17 11.60 15.20 0.00 1.32 Mexico 5.21 27.58 14.57 22.50 40.40 1.54 5.42 Southeast Asia 7/ 4.36 29.30 13.48 34.90 42.70 1.26 3.18 South Korea 1.94 0.08 9.23 7.21 9.41 0.00 1.83 Selected Other 0.00 Canada 2.45 13.89 0.71 7.50 12.96 1.52 2.57 China 110.77 219.55 2.46 162.00 232.00 0.08 100.71 FSU-12 2.60 47.79 0.35 17.67 20.51 27.15 3.08 Ukraine 1.39 27.97 0.03 5.10 6.50 21.33 1.55 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 227.83 1,033.30 146.26 650.6 9 1,067.80 147.50 193.33 United States 58.25 370.96 1.02 138.44 317.77 60.96 51.50 Total Foreign 169.58 662.34 145.25 512.25 750.03 86.53 141.83 Major Exporters 4/ 23.00 129.80 0.51 67.90 87.10 49.30 16.90 Argentina 5.28 33.00 0.01 7.00 10.80 24.00 3.49 Brazil 14.02 83.00 0.50 54.50 64.00 23.00 10.52 South Africa 3.70 13.80 0.00 6.40 12.30 2.30 2.90 Major Importers 5/ 21.75 125.00 85.80 153.60 207.45 4.26 20.85 Egypt 1.89 6.40 9.40 13.40 15.90 0.01 1.78 European Union 6/ 7.44 62.28 17.00 57.00 76.50 2.00 8.21 Japan 1.32 0.00 15.20 11.60 15.20 0.00 1.32 Mexico 5.42 26.80 16.20 24.30 42.30 1.30 4.82 Southeast Asia 7/ 3.18 29.38 14.10 35.70 43.50 0.95 2.21 South Kor ea 1.83 0.08 9.80 7.50 9.80 0.00 1.91 Selected Other 0.00 Canada 2.57 14.10 1.50 8.40 14.00 1.80 2.37 China 100.71 215.89 4.00 167.00 241.00 0.05 79.55 FSU-12 3.08 42.07 0.44 16.05 18.75 24.26 2.58 Ukraine 1.55 24.12 0.03 4.50 5.80 18.50 1.39 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in m arketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra- trade. 7/ Indonesia, Mala ysia, Philippines, Thailand, and Vietnam. August 2018 WASDE - 580 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jul 191.73 1,054.30 151.22 666.66 1,094.08 157.79 151.96 Aug 193.33 1,061.05 152.32 671.40 1,098.89 159.61 155.49 United States Jul 51.50 361.46 1.27 137.80 318.28 56.52 39.43 Aug 51.50 370.51 1.27 140.34 320.82 59.69 42.77 Total Foreign Jul 140.23 692.85 149.95 528.86 775.80 101.27 112.52 Aug 141.83 690.54 151.05 531.06 778.08 99.92 112.72 Major Exporters 4/ Jul 15.41 151.00 0.71 69.60 90.10 60.20 16.81 Aug 16.90 149.00 0.71 70.60 91.10 58.00 17.51 Argentina Jul 3.49 41.00 0.01 8.00 12.00 27.00 5.49 Aug 3.49 41.00 0.01 8.00 12.00 27.00 5.49 Brazil Jul 9.02 96.00 0.70 55.00 65.50 31.00 9.22 Aug 10.52 94.50 0.70 56.00 66.50 29.00 10.22 South Africa Jul 2.90 14.00 0.00 6.60 12.60 2.20 2.10 Aug 2.90 13.50 0.00 6.60 12.60 2.00 1.80 Major Importers 5/ Jul 20.42 123.39 86.60 157.40 211.55 3.77 15.10 Aug 20.85 121.69 88.10 158.10 211.75 3.77 15.12 Egypt Jul 1.78 6.40 9.70 13.60 16.10 0.01 1.77 Aug 1.78 6.40 9.70 13.60 16.10 0.01 1.77 European Union 6/ Jul 7.50 61.50 16.00 58.50 78.00 1.50 5.50 Aug 8.21 59.80 18.00 60.00 79.00 1.50 5.51 Japan Jul 1.32 0.00 14.50 11.20 14.80 0.00 1.02 Aug 1.32 0.00 14.50 11.20 14.80 0.00 1.02 Mexico Jul 4.82 26.00 16.20 25.00 43.20 1.50 2.32 Aug 4.82 26.00 16.20 25.00 43.20 1.50 2.32 Southeast Asia 7/ Jul 2.50 29.34 16.00 37.00 44.90 0.76 2.17 Aug 2.21 29.34 15.50 36.20 44.10 0.76 2.19 South Korea Jul 1.91 0.08 10.20 8.00 10.30 0.00 1.88 Aug 1.91 0.08 10.20 8.00 10.30 0.00 1.88 Selected Other Canada Jul 2.57 14.80 0.50 8.50 13.90 1.55 2.42 Aug 2.37 14.80 0.50 8.50 13.90 1.55 2.22 China Jul 79.55 225.00 5.00 174.00 251.00 0.05 58.50 Aug 79.55 225.00 5.00 174.00 251.00 0.05 58.50 FSU-12 Jul 2.75 46.50 0.39 15.84 18.54 28.35 2.75 Aug 2.58 47.70 0.39 16.34 19.04 28.95 2.68 Ukraine Jul 1.39 30.00 0.03 4.50 5.80 24.00 1.61 Aug 1.39 31.00 0.03 5.00 6.30 24.50 1.61 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporti ng discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2018 WASDE - 580 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 132.82 486.71 41.29 482.76 47.21 136.77 United States 1.48 7.12 0.75 4.23 3.65 1.46 Total Foreign 131.35 479.60 40.54 478.53 43.57 135.31 Major Exporters 4/ 29.48 163.15 0.76 132.88 33.39 27.12 India 18.40 109.70 0.00 95.78 11.77 20.55 Pakistan 1.12 6.85 0.01 3.10 3.52 1.37 Thailand 8.40 19.20 0.25 12.00 11.62 4.24 Vietnam 1.56 27.40 0.50 22.00 6.49 0.97 Major Importers 5/ 10.02 65.90 11.90 77.61 1.18 9.04 Brazil 0.31 8.38 0.61 8.00 0.83 0.48 European Unio n 6/ 1.18 2.08 1.84 3.60 0.32 1.18 Indonesia 3.51 36.86 0.35 37.80 0.00 2.92 Nigeria 1.53 3.78 2.50 6.55 0.00 1.26 Philippines 2.12 11.69 1.10 12.90 0.00 2.00 Sel. Mideast 7/ 0.86 1.78 3.87 5.63 0.00 0.88 Selected Other 0.00 Burma 1.24 12.65 0.01 10.00 3.35 0.55 C. Amer & Carib 8/ 0.52 1.67 1.77 3.36 0.04 0.56 China 78.50 144.95 5.30 141.45 0.81 86.50 Egypt 0.92 4.80 0.10 4.30 0.10 1.43 Japan 2.55 7.78 0.71 8.50 0.05 2.49 Mexico 0.13 0.18 0.87 0.92 0.09 0.17 South Korea 1.83 4.20 0.41 4.65 0.00 1.78 2017/18 Est. Beginning Sto c ks Production Imports Total /2 Dom estic Exports Ending Sto c ks World 3/ 136.77 488.54 48.06 481.50 48.25 143.82 United States 1.46 5.66 0.86 4.13 2.75 1.10 Total Foreign 135.31 482.88 47.20 477.37 45.51 142.71 Major Exporters 4/ 27.12 166.81 0.65 133.82 34.60 26.17 India 20.55 110.00 0.00 97.35 12.80 20.40 Pakistan 1.37 7.50 0.00 3.20 4.30 1.37 Thailand 4.24 20.37 0.25 11.17 10.50 3.19 Vietnam 0.97 28.94 0.40 22.10 7.00 1.21 Major Importers 5/ 9.04 66.50 13.95 78.47 1.24 9.76 Brazil 0.48 8.08 0.70 8.03 0.85 0.38 European Union 6/ 1.18 2.04 1.90 3.65 0.36 1.11 Indonesia 2.92 37.00 2.00 38.00 0.00 3.91 Nigeria 1.26 3.78 2.60 6.70 0.00 0.94 Philippines 2.00 12.30 1.20 13.10 0.00 2.40 Sel. Mideast 7/ 0.88 1.93 3.70 5.75 0.00 0.76 Selected Other 0.00 Burma 0.55 13.20 0.01 9.90 3.30 0.56 C. Amer & Carib 8/ 0.56 1.67 1.74 3.33 0.04 0.60 China 86.50 145.99 5.50 142.70 1.30 93.99 Egypt 1.43 4.30 0.05 4.40 0.05 1.33 Japan 2.49 7.59 0.69 8.45 0.05 2.26 Mexico 0.17 0.18 0.85 0.92 0.10 0.19 South Korea 1.78 3.97 0.41 4.88 0.06 1.23 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in so me countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU -28. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. August 2018 WASDE - 580 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Jul 143.86 487.80 46.44 487.91 49.21 143.75 Aug 143.82 487.57 46.66 487.81 49.26 143.57 United States Jul 1.03 6.76 0.86 4.06 3.24 1.34 Aug 1.10 6.70 0.86 4.16 3.11 1.39 Total Foreign Jul 142.84 481.04 45.59 483.84 45.97 142.41 Aug 142.71 480.87 45.81 483.65 46.14 142.19 Major Exporters 4/ Jul 26.27 166.67 0.65 133.9 0 34.70 24.98 Aug 26.17 166.67 0.65 133.90 34.80 24.78 India Jul 20.40 109.00 0.00 98.00 12.50 18.90 Aug 20.40 109.00 0.00 98.00 12.50 18.90 Pakistan Jul 1.47 7.40 0.00 3.30 4.20 1.37 Aug 1.37 7.40 0.00 3.30 4.30 1.17 Thail and Jul 3.19 21.20 0.25 10.20 11.00 3.44 Aug 3.19 21.20 0.25 10.20 11.00 3.44 Vietnam Jul 1.21 29.07 0.40 22.40 7.00 1.28 Aug 1.21 29.07 0.40 22.40 7.00 1.28 Major Importers 5/ Jul 9.99 66.73 13.80 79.37 1.03 10.11 Aug 9.76 66.65 13.90 79.35 1.08 9.88 Brazil Jul 0.45 8.02 0.70 8.10 0.70 0.37 Aug 0.38 8.02 0.70 8.05 0.70 0.35 European Union 6/ Jul 1.17 2.00 2.00 3.70 0.30 1.17 Aug 1.11 2.00 2.00 3.68 0.35 1.08 Indonesia Jul 3.91 37.30 1.20 38.20 0.00 4.21 Aug 3.91 37.30 1.20 38.20 0.00 4.21 Nigeria Jul 0.94 3.78 3.00 6.90 0.00 0.82 Aug 0.94 3.78 3.00 6.90 0.00 0.82 Philippines Jul 2.50 12.35 1.10 13.40 0.00 2.55 Aug 2.40 12.35 1.10 13.40 0.00 2.45 Sel. Mideast 7/ Jul 0.76 1.82 3.85 5.73 0.00 0.70 Aug 0.76 1.74 3.95 5.78 0.00 0.67 Selected Other Burma Jul 0.36 13.40 0.01 9.90 3.50 0.37 Aug 0.56 13.40 0.01 9.90 3.50 0.57 C. Amer & Carib 8/ Jul 0.61 1.72 1.92 3.57 0.03 0.65 Aug 0.60 1.72 1.92 3.56 0.03 0.65 China Jul 93.99 142.20 5.50 144.00 1.70 95.99 Aug 93.99 142.20 5.50 144.00 1.70 95.99 Egypt Jul 1.33 3.30 0.40 4.40 0.02 0.61 Aug 1.33 3.30 0.40 4.40 0.02 0.61 Japan Jul 2.26 7.60 0.69 8.40 0.05 2.10 Aug 2.26 7.60 0.69 8.40 0.05 2.10 Mexico Jul 0.19 0.18 0.88 0.94 0.09 0.22 Aug 0.19 0.18 0.88 0.94 0.09 0.22 South Korea Jul 1.23 3.73 0.41 4.48 0.05 0.84 Aug 1.23 3.73 0.41 4.48 0.05 0.84 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU -28. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Centr al American and Caribbean countries. August 2018 WASDE - 580 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2016/17 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 93.45 106.63 37.65 115.78 37.65 0.21 84.09 United States 3.80 17.17 0.01 3.25 14.92 0.06 2.75 Total Foreign 89.65 89.46 37.65 112.53 22.73 0.15 81.34 Major Exporters 4/ 22.68 50.69 3.63 31.91 19.52 0.01 25.56 Central Asia 5/ 2.35 5.99 3/ 2.82 3.34 0.00 2.17 Afr. Fr. Zone 6/ 1.38 5.09 3/ 0.14 4.33 0.01 2.00 S. Hemis 7/ 8.77 12.25 0.37 4.29 7.05 -0.02 10.06 Australia 1.88 4.05 3/ 0.04 3.73 -0.03 2.19 Brazil 5.71 7.02 0.19 3.20 2.79 0.00 6.93 India 9.94 27.00 2.74 24.00 4.55 0.00 11.13 Major Importers 8/ 65.26 35.86 31.86 76.66 2.03 0.14 54.15 Mexico 0.61 0.77 1.00 1.75 0.15 0.03 0.45 China 56.70 22.75 5.03 38.50 0.06 0.00 45.92 European Union 9/ 0.25 1.31 0.69 0.71 1.33 0.05 0.17 Turkey 1.53 3.20 3.68 6.50 0.33 0.00 1.58 Pakistan 2.62 7.70 2.40 10.30 0.13 0.03 2.27 Indonesia 0.53 0.01 3.39 3.30 0.01 0.00 0.62 Thailand 0.20 3/ 1.23 1.20 0.00 0.03 0.20 Bangladesh 1.52 0.13 6.80 6.80 0.00 0.01 1.63 Vietnam 0.78 3/ 5.50 5.40 0.00 0.00 0.88 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Use Exports Loss /2 Ending Sto c ks World 84.09 123.51 40.79 122.74 40.79 0.35 84.51 United States 2.75 20.92 0.01 3.25 15.85 0.18 4.40 Total Foreign 81.34 102.59 40.79 119.49 24.94 0.17 80.11 Major Exporters 4/ 25.56 56.67 2.48 32.92 21.50 0.02 30.28 Central Asia 5/ 2.17 6.62 3/ 3.49 2.54 0.00 2.77 Afr. Fr. Zone 6/ 2.00 5.22 3/ 0.14 4.87 0.00 2.22 S. Hemis 7/ 10.06 15.37 0.23 4.46 8.58 0.01 12.61 Australia 2.19 4.70 3/ 0.04 4.00 0.00 2.86 Brazil 6.93 9.20 0.08 3.40 4.18 0.00 8.63 India 11.13 29.00 1.70 24.20 5.20 0.00 12.43 Major Importers 8/ 54.15 42.94 35.68 82.53 2.36 0.15 47.74 Mexico 0.45 1.56 0.93 1.90 0.35 0.03 0.65 China 45.92 27.50 5.50 41.00 0.13 0.00 37.79 European Union 9/ 0.17 1.54 0.73 0.76 1.37 0.06 0.25 Turkey 1.58 4.00 4.00 7.30 0.33 0.00 1.95 Pakistan 2.27 8.20 3.40 10.80 0.17 0.03 2.87 Indonesia 0.62 3/ 3.55 3.55 0.01 0.00 0.62 Thailand 0.20 3/ 1.13 1.13 0.00 0.03 0.18 Bangladesh 1.63 0.14 7.60 7.50 0.00 0.01 1.86 Vietnam 0.88 3/ 6.90 6.60 0.00 0.00 1.19 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. August 2018 WASDE - 580 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2018/19 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Jul 84.96 120.11 41.23 126.95 41.24 0.27 77.84 Aug 84.51 120.53 41.80 127.62 41.82 0.30 77.10 United States Jul 4.00 18.50 0.01 3.40 15.00 0.11 4.00 Aug 4.40 19.24 0.01 3.40 15.50 0.14 4.60 Total Foreign Jul 80.96 101.61 41.23 123.55 26.24 0.16 73.84 Aug 80.11 101.29 41.79 124.22 26.32 0.16 72.50 filler filler filler filler filler filler filler Major E xporters 4/ Jul 31.20 55.85 2.17 34.42 22.28 0.02 32.50 Aug 30.28 55.34 2.22 34.42 22.39 0.02 31.01 Central Asia 5/ Jul 2.83 6.47 3/ 3.72 2.58 0.00 3.01 Aug 2.77 5.90 3/ 3.71 2.38 0.00 2.58 Afr. Fr. Zone 6/ Jul 2.65 5.28 3/ 0.14 4.76 0.00 3.02 Aug 2.22 5.28 3/ 0.14 4.97 0.00 2.39 S. Hemis 7/ Jul 12.85 14.86 0.22 4.69 10.35 0.01 12.89 Aug 12.61 14.92 0.22 4.69 10.20 0.01 12.86 Australia Jul 3.06 3.70 3/ 0.04 4.40 0.00 2.32 Aug 2.86 3.55 3/ 0.04 4.30 0.00 2.07 Brazil Jul 8.63 9.50 0.08 3.60 5.40 0.00 9.20 Aug 8.63 9.50 0.08 3.60 5.30 0.00 9.31 India Jul 12.63 28.70 1.50 25.20 4.30 0.00 13.33 Aug 12.43 28.70 1.50 25.20 4.50 0.00 12.93 filler filler filler filler filler filler filler Major Importers 8/ Jul 47.83 42.75 36.60 85.10 2.72 0.14 39.22 Aug 47.74 42.95 37.09 85.74 2.66 0.14 39.25 Mexico Jul 0.75 1.75 0.93 1.90 0.55 0.03 0.95 Aug 0.65 1.75 0.90 1.90 0.55 0.03 0.83 China Jul 37.69 26.50 7.00 42.50 0.15 0.00 28.54 Aug 37.79 26.50 7.00 42.50 0.15 0.00 28.64 European Union 9/ Jul 0.25 1.56 0.71 0.74 1.46 0.05 0.27 Aug 0.25 1.56 0.70 0.75 1.45 0.05 0.26 Turkey Jul 2.03 4.30 3.60 7.40 0.35 0.00 2.18 Aug 1.95 4.50 3.50 7.50 0.33 0.00 2.13 Pakistan Jul 2.88 8.50 2.30 10.70 0.20 0.03 2.76 Aug 2.87 8.50 2.50 11.00 0.18 0.03 2.67 Indonesia Jul 0.62 3/ 3.50 3.50 0.01 0.00 0.62 Aug 0.62 3/ 3.75 3.65 0.01 0.00 0.72 Thailand Jul 0.18 3/ 1.08 1.05 0.00 0.03 0.18 Aug 0.18 3/ 1.13 1.10 0.00 0.03 0.18 Bangladesh Jul 1.86 0.14 8.00 8.00 0.00 0.01 1.98 Aug 1.86 0.14 8.10 8.00 0.00 0.01 2.08 Vietnam Jul 1.19 3/ 7.70 7.50 0.00 0.00 1.39 Aug 1.19 3/ 7.70 7.50 0.00 0.00 1.39 1/ Marketing year begin ning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the differen ce between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, Tajikistan, Turkmenistan , and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries a nd regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. August 2018 WASDE - 580 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Prod uction Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 80.45 348.12 144.32 287.35 328.87 147.35 96.67 United States 5.35 116.92 0.61 51.74 55.71 58.96 8.21 Total Foreign 75.09 231.20 143.72 235.60 273.16 88.39 88.46 Major Expo rters 3/ 52.29 183.14 1.94 87.54 95.54 79.51 62.33 Argentina 33.65 55.00 1.67 43.30 47.83 7.03 35.47 Brazil 18.56 114.60 0.25 40.41 43.81 63.14 26.46 Paraguay 0.03 10.20 0.01 3.75 3.81 6.13 0.30 Major Importers 4/ 19.76 16.79 122.61 113.10 135.87 0.39 22.91 China 16.91 12.90 93.50 88.00 102.80 0.11 20.39 European Union 1.56 2.41 13.42 14.40 16.04 0.22 1.13 Japan 0.26 0.24 3.18 2.39 3.46 0.00 0.22 Mexico 0.15 0.52 4.13 4.60 4.64 0.00 0.16 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ 96.67 336.70 153.48 294.36 337.53 153.70 95.61 United States 8.21 119.52 0.60 55.52 59.21 57.43 11.69 Total Foreign 88.46 217.19 152.88 238.84 278.32 96.28 83.92 Major Exporters 3/ 62.33 168.20 4.14 84.55 92.88 86.50 55.28 Argentina 35.47 37.00 3.90 37.77 42.47 3.10 30.80 Brazil 26.46 119.50 0.23 43.00 46.54 75.50 24.15 Paraguay 0.30 10.00 0.01 3.70 3.78 6.25 0.28 Major Importers 4/ 22.91 18.24 126.70 117.39 141.64 0.44 25.77 China 20.39 14.20 96.00 91.00 107.00 0.11 23.48 European Union 1.13 2.67 14.10 14.90 16.55 0.28 1.07 Japan 0.22 0.25 3.25 2.35 3.51 0.00 0.21 Mexico 0.16 0.43 4.60 5.00 5.04 0.00 0.16 2018/19 Proj. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ Jul 96.02 359.49 154.36 309.31 354.29 157.32 98.27 Aug 95.61 367.10 154.83 308.67 353.64 157.96 105.94 United States Jul 12.64 117.30 0.68 55.66 59.33 55.52 15.77 Aug 11.69 124.81 0.68 56.06 59.76 56.06 21.35 Total Foreign Jul 83.38 242.19 153.68 253.65 294.96 101.80 82.49 Aug 83.92 242.30 154.15 252.60 293.88 101.90 84.59 Major Ex porters 3/ Jul 54.68 190.30 2.69 89.73 98.35 91.82 57.50 Aug 55.28 190.30 2.66 89.73 98.32 91.82 58.10 Argentina Jul 29.35 57.00 2.25 43.00 47.95 8.00 32.65 Aug 30.80 57.00 2.22 43.00 47.92 8.00 34.10 Brazil Jul 25.00 120.50 0.43 42.70 46.28 75.00 24.65 Aug 24.15 120.50 0.43 42.70 46.28 75.00 23.80 Paraguay Jul 0.28 9.80 0.01 3.95 4.03 5.90 0.15 Aug 0.28 9.80 0.01 3.95 4.03 5.90 0.15 Major Importers 4/ Jul 25.73 18.67 127.76 124.16 149.75 0.50 21.90 Aug 25.77 18.69 128.26 123.16 148.75 0.45 23.52 China Jul 23.44 14.50 95.00 96.50 113.60 0.15 19.19 Aug 23.48 14.50 95.00 95.00 112.10 0.10 20.78 European Union Jul 1.07 2.75 15.30 15.80 17.45 0.30 1.37 Aug 1.07 2.78 15.80 16.30 17.95 0.30 1.40 Japan Jul 0.21 0.26 3.30 2.35 3.52 0.00 0.26 Aug 0.21 0.26 3.30 2.35 3.52 0.00 0.26 Mexico Jul 0.16 0.49 4.75 5.20 5.24 0.00 0.16 Aug 0.16 0.49 4.75 5.20 5.24 0.00 0.16 1/ Data based on local marketing years except Argentina an d Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports . Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). August 2018 WASDE - 580 - 29 World Soybean Meal Supply a nd Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.22 225.52 60.54 222.04 64.48 12.76 United States 0.24 40.63 0.32 30.32 10.51 0.36 Total Foreign 12.98 184.89 60.22 191.72 53.97 12.39 Major Exporters 3/ 7.07 71.76 0.05 24.65 47.09 7.13 Argentina 4.23 33.28 0.00 2.85 31.32 3.34 Brazil 2.71 31.28 0.04 16.94 13.76 3.32 India 0.13 7.20 0.01 4.86 2.01 0.48 Major Importers 4/ 2.11 16.08 36.61 52.49 0.53 1.77 European Union 0.83 11.38 18.92 30.34 0.33 0.46 Southeast Asia 5/ 1.18 2.90 16.07 18.73 0.20 1.22 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 12.76 231.14 60.25 229.62 63.96 10.57 United States 0.36 44.00 0.45 31.66 12.79 0.36 Total Foreign 12.39 187.14 59.80 197.96 51.17 10.21 Major Exporters 3/ 7.13 67.93 0.05 25.55 43.95 5.61 Argentina 3.34 28.55 0.00 3.00 26.20 2.69 Brazi l 3.32 33.30 0.03 17.50 16.35 2.80 India 0.48 6.08 0.02 5.05 1.40 0.12 Major Importers 4/ 1.77 16.76 36.48 52.93 0.59 1.50 European Union 0.46 11.77 18.50 30.04 0.38 0.31 Southeast Asia 5/ 1.22 3.22 16.33 19.42 0.21 1.13 2018/19 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Jul 11.87 243.31 62.22 240.32 65.15 11.93 Aug 10.57 242.71 62.46 239.69 65.43 10.62 United States Jul 0.36 43.95 0.32 32.39 11.88 0.36 Aug 0.36 44.18 0.32 32.39 12.11 0.36 Total Foreign Jul 11.51 199.36 61.90 207.94 53.27 11.57 Aug 10.21 198.53 62.14 207.30 53.32 10.26 Major Exporters 3/ Jul 6.86 73.35 0.04 26.98 46.20 7.07 Aug 5.61 73.35 0.04 26.96 46.20 5.84 Argentina Jul 2.79 33.05 0.00 3.20 29.80 2.84 Aug 2.69 33.05 0.00 3.20 29.80 2.74 Brazil Jul 3.95 33.10 0.03 18.15 15.00 3.93 Aug 2.80 33.10 0.03 18.13 15.00 2.80 India Jul 0.12 7.20 0.01 5.63 1.40 0.31 Aug 0.12 7.20 0.01 5.63 1.40 0.31 Major Importers 4/ Jul 1.50 17.59 36.77 53.98 0.50 1.38 Aug 1.50 17.99 36.97 54.58 0.50 1.38 European Union Jul 0.31 12.48 18.30 30.54 0.30 0.25 Aug 0.31 12.88 18.50 31.14 0.30 0.25 Southeast Asia 5/ Jul 1.13 3.34 16.82 20.02 0.20 1.07 Aug 1.13 3.34 16.82 20.02 0.20 1.07 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing year s and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. August 2018 WASDE - 580 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 3.67 53.69 10.84 53.39 11.25 3.55 United States 0.77 10.04 0.15 9.01 1.16 0.78 Total Foreign 2.90 43.66 10.70 44.38 10.10 2.78 Major Exporters 3/ 0.71 18.89 0.35 11.77 7.46 0.71 Argentina 0.26 8.40 0.00 2.99 5.39 0.28 Brazil 0.29 7.76 0.06 6.58 1.24 0.28 Europea n Union 0.16 2.74 0.29 2.21 0.83 0.15 Major Importers 4/ 1.16 17.89 5.81 23.58 0.21 1.08 China 0.52 15.77 0.71 16.35 0.12 0.54 India 0.48 1.62 3.53 5.20 0.00 0.43 North Africa 5/ 0.16 0.50 1.56 2.03 0.09 0.11 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 3.55 54.88 9.86 54.87 10.02 3.40 United States 0.78 10.66 0.14 9.48 1.11 0.99 Total Foreign 2.78 44.22 9.71 45.39 8.90 2.41 Major Exporters 3/ 0.71 18.42 0.31 12.53 6.20 0.71 Argentina 0.28 7.34 0.00 3.41 3.85 0.37 Brazil 0.28 8.25 0.06 6.90 1.53 0.17 European Union 0.15 2.83 0.25 2.23 0.83 0.18 Major Importers 4/ 1.08 18.36 5.15 23.57 0.21 0.80 China 0.54 16.31 0.45 16.73 0.14 0.43 India 0.43 1.37 3.10 4.65 0.00 0.25 North Africa 5/ 0.11 0.68 1.60 2.20 0.08 0.12 2018/19 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Jul 3.44 57.68 10.87 57.15 11.33 3.51 Aug 3.40 57.58 10.67 57.15 11.09 3.41 United States Jul 1.05 10.71 0.14 9.89 1.00 1.01 Aug 0.99 10.79 0.14 9.98 1.00 0.94 Total Foreign Jul 2.39 46.97 10.73 47.26 10.33 2.50 Aug 2.41 46.79 10.53 47.17 10.09 2.47 Major Exporters 3/ Jul 0.67 19.56 0.26 12.32 7.54 0.64 Aug 0.71 19.65 0.26 12.65 7.33 0.65 Argentina Jul 0.20 8.36 0.00 3.04 5.33 0.20 Aug 0.37 8.36 0.00 3.42 5.10 0.21 Brazil Jul 0.25 8.20 0.06 7.02 1.28 0.21 Aug 0.17 8.20 0.06 6.98 1.28 0.17 European Union Jul 0.23 3.00 0.20 2.26 0.94 0.24 Aug 0.18 3.10 0.20 2.26 0.95 0.27 Major Importers 4/ Jul 0.82 19.62 6.01 25.25 0.24 0.96 Aug 0.80 19.35 5.81 24.82 0.22 0.92 China Jul 0.47 17.29 0.70 17.83 0.15 0.49 Aug 0.43 17.02 0.70 17.60 0.13 0.43 India Jul 0.25 1.62 3.60 5.10 0.01 0.36 Aug 0.25 1.62 3.40 4.90 0.01 0.36 North Africa 5/ Jul 0.10 0.71 1.71 2.32 0.09 0.12 Aug 0.12 0.71 1.71 2.32 0.09 0.13 1/ Data based on local marketing years excep t for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. August 2018 WASDE - 580 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2017 III 6,736 6,240 13,029 10,551 1,479 12,167 25,197 2,204 53.5 IV 6,742 6,796 13,595 10,472 1,533 12,139 25,734 2,235 53.1 Annual 26,187 25,584 51,991 41,662 5,981 48,178 100,169 8,808 215.5 2018 I 6,465 6,645 13,167 10,385 1,452 11,962 25,129 2,186 54.4 II 6,724 6,325 13,105 10,680 1,477 12,295 25,400 2,230 55.8 III* 6,840 6,515 13,408 10,850 1,475 12,465 25,873 2,262 53.9 IV* 7,065 7,225 14,346 10,700 1,535 12,370 26,716 2,305 53.8 Annual Jul Proj. 27,150 26,745 54,118 42,495 5,942 48,972 103,090 8,971 217.9 Aug Proj. 27,094 26,710 54,026 42,615 5,939 49,092 103,117 8,983 217.9 2019 I* 6,515 6,890 13,459 10,600 1,475 12,202 25,661 2,240 55.0 II* 6,975 6,690 13,720 10,870 1,465 12,476 26,196 2,265 56.7 Annual Jul Proj. 27,690 27,700 55,607 43,360 5,970 49,876 105,483 9,130 220.6 Aug Proj. 27,720 27,87 5 55,812 43,420 5,970 49,936 105,748 9,130 220.9 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Qua rterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2017 III 112.46 55.59 94.9 96.9 102.1 17.73 IV 117.88 44.89 86.1 88.0 147.0 17.83 Annual 121.52 50.48 93.5 96.1 100.9 17.65 2018 I 125.60 49.12 95.7 79.4 179.6 15.67 II 116.72 47.91 115.1 79.6 124.4 16.10 III* 107-111 45-47 97-99 79-81 130-134 15.80 -16.10 IV* 109-115 33-35 89-95 87-93 131-139 16.80 -17.40 Annual Jul Proj. 114-117 45-46 102-105 81-84 140-144 15.95 -16.25 Aug Proj. 115-117 44-45 99-101 81-83 141-144 16.10 -16.30 2019 I* 116-126 37-41 94-102 77-83 115-125 16.55 -17.45 II* 118-128 41-45 104-112 82-88 110-120 16.10 -17.10 Annual Jul Proj. 113-122 40-44 97-105 84-91 119-129 16.25 -17.25 Aug Proj. 113-122 39-42 96-104 84-91 119-129 16.45 -17.45 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. August 2018 WASDE - 580 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2017 757 26,250 2,993 30,000 2,860 649 26,492 56.9 2018 Proj. Jul 649 27,213 3,052 30,913 3,070 680 27,163 57.9 Aug 649 27,157 3,037 30,842 3,124 680 27,038 57.7 2019 Proj. Jul 680 27,753 3,140 31,573 3,165 690 27,718 58.7 Aug 680 27,783 3,140 31,603 3,205 690 27,708 58.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2017 507 25,598 1,116 27,221 5,632 554 21,035 50.1 2018 Proj. Jul 554 26,759 1,144 28,457 5,991 575 21,891 51.8 Aug 554 26,723 1,129 28,407 5,969 550 21,888 51.7 2019 Proj. Jul 575 27,714 1,165 29,454 6,165 585 22,704 53.3 Aug 550 27,889 1,165 29,604 6,095 585 22,924 53.9 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2017 1,304 52,078 4,361 57,744 8,497 1,246 48,000 108.2 2018 Proj. Jul 1,246 54,206 4,455 59,907 9,068 1,310 49,529 111.0 Aug 1,246 54,113 4,434 59,793 9,100 1,285 49,409 110.7 2019 Proj. Jul 1,310 55,695 4,568 61,573 9,338 1,330 50,905 113.4 Aug 1,285 55,900 4,584 61,769 9,308 1,330 51,131 113.9 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2017 778 41,217 126 42,120 6,791 856 34,473 90.8 2018 Proj. Jul 856 42,040 127 43,023 6,938 840 35,245 92.2 Aug 856 42,159 126 43,141 6,869 860 35,412 92.7 2019 Proj. Jul 840 42,896 129 43,865 7,100 860 35,905 93.4 Aug 860 42,955 129 43,944 7,045 860 36,039 93.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2017 279 5,981 25 6,284 622 310 5,352 16.4 2018 Proj. Jul 310 5,942 26 6,278 663 300 5,315 16.2 Aug 310 5,939 25 6,273 630 300 5,343 16.3 2019 Proj. Jul 300 5,970 28 6,298 655 310 5,333 16.1 Aug 300 5,970 28 6,298 640 310 5,348 16.2 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2017 1,065 47,732 154 48,951 7,544 1,170 40,236 108.5 2018 Proj. Jul 1,170 48,516 157 49,843 7,701 1,144 40,998 109.8 Aug 1,170 48,635 154 49,959 7,592 1,164 41,204 110.3 2019 Proj. Jul 1,144 49,411 161 50,716 7,890 1,177 41,649 110.8 Aug 1,164 49,471 161 50,796 7,801 1,177 41,818 111.2 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2017 2,369 99,810 4,515 106,694 16,041 2,416 88,237 216.8 2018 Proj. Jul 2,416 102,722 4,612 109,750 16,769 2,454 90,527 220.7 Aug 2,416 102,748 4,588 109,753 16,691 2,449 90,613 221.0 2019 Proj. Jul 2,454 105,106 4,729 112,289 17,228 2,507 92,554 224.1 Aug 2,449 105,370 4,745 112,564 17,109 2,507 92,948 225.1 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broiler s; certified ready -to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready -to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. August 2018 WASDE - 580 - 33 U.S. Egg Supply and Use Commodity 2016 2017 2018 Proj. 2018 Proj. 2019 Proj. 2019 Proj. Jul Aug Jul Aug Eggs Million Dozen Supply Beginning Stocks 73.6 142.2 87.5 87.5 75.0 75.0 Production 8,578.7 8,807.8 8,970.6 8,982.6 9,130.0 9,130.0 Imports 129.5 34.2 28.0 22.1 35.0 27.0 Total Supply 8,781.8 8,984.1 9,086.1 9,092.2 9,240.0 9,232.0 Use Exports 304.2 354.9 341.9 336.4 340.0 340.0 Hatching Use 1,009.6 1,034.9 1,067.0 1,065.6 1,085.0 1,085.0 Ending Stocks 142.2 87.5 75.0 75.0 80.0 80.0 Disappearance Total 7,325.8 7,506.9 7,602.2 7,615.2 7,735.0 7,727.0 Per Capita (number) 271.6 276.3 277.9 278.4 281.0 280.7 Total U.S. Milk Supply and Use Commodity 2016 2017 2018 Proj. 2018 Proj. 2019 Proj. 2019 Proj. Jul Aug Jul Aug Milk Billion Pounds Production 212.4 215.5 217.9 217.9 220.6 220.9 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 12.3 12.7 13.4 13.4 13.5 13.5 Marketings 211.4 214.5 216.9 216.9 219.6 219.9 Imports 6.9 6.0 5.9 6.0 5.6 5.6 Total Cml. Supply 230.7 233.2 236.2 236.3 238.7 239.0 Fat Basis Use Commercial Exports 8.4 9.2 10.2 10.4 9.9 9.9 Ending Commercial Stocks 12.7 13.4 13.5 13.5 12.5 12.5 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 209.6 210.5 212.5 212.4 216.3 216.6 Skim -solid Basis Supply Beg. Commer cial Stocks 9.2 9.5 11.8 11.8 10.5 10.5 Marketings 211.4 214.5 216.9 216.9 219.6 219.9 Imports 6.5 6.1 5.6 5.6 5.6 5.5 Total Cml. Supply 227.1 230.1 234.3 234.3 235.7 235.9 Skim -solid Basis Use Commercial Exports 39.1 40.7 46.0 45.4 44.9 44.8 Ending Commercial Stocks 9.5 11.8 10.5 10.5 10.8 10.5 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 178.5 177.6 177.8 178.4 180.0 180.6 Total Note: Totals may not add due to rounding. August 2018 WASDE - 580 - 34 U.S. Dairy Prices Commodity 2016 2017 2018 Proj. 2018 Proj. 2019 Proj. 2019 Proj. Jul Aug Jul Aug Product Prices 1/ Dollars Per Pound Cheese 1.6050 1.6344 1.540 - 1.570 1.550 - 1.570 1.575 - 1.675 1.590 - 1.690 Butter 2.0777 2.3303 2.245 - 2.305 2.265 - 2.305 2.220 - 2.350 2.220 - 2.350 Nonfat Dry Milk 0.8292 0.8666 0.730 - 0.760 0.755 - 0.775 0.740 - 0.810 0.755 - 0.825 Dry Whey 0.2875 0.4437 0.275 - 0.295 0.295 - 0.315 0.280 - 0.310 0.300 - 0.330 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 14.87 16.17 14.30 - 14.60 14.50 - 14.70 14.70 - 15.70 14.95 - 15.95 Class IV 13.77 15.16 13.65 - 14.05 13.95 - 14.25 13.65 - 14.75 13.75 - 14.85 All Milk 3/ 16.30 17.65 15.95 - 16.25 16.10 - 16.30 16.25 - 17.25 16.45 - 17.45 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regula ted plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . August 2018 WASDE - 580 - 35 Reliability of August Projections 1/ Note: Tables on pages 35 -37 present a record of the August projection and the final Estimate. Using world wheat production as an example, the "root me an square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 2.3 percent. Cha nces are 9 out of 10 (90% confidence level) that the difference will not exceed 4 percent. The average difference between the Augu st projection and the final estimate is 11.1 million tons, ranging from 0.2 million to 32.1 million tons. The August projection has been below the estima te 25 times and above 12 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 2.3 4.0 11.1 0.2 32.1 25 12 U.S. 2.3 4.0 1.1 0.0 4.2 15 22 Foreign 2.6 4.4 10.9 0.6 31.1 25 12 Exports World 5.9 9.9 6.2 0.4 19.1 28 9 U.S. 11.1 18.9 2.7 0.0 10.0 17 19 Foreign 7.3 12.4 6.0 0.3 20.5 27 10 Domestic Use World 1.8 3.1 7.9 0.2 23.4 20 17 U.S. 7.5 12.8 2.0 0.0 5.5 12 25 Foreign 1.8 3.1 7.7 0.2 22.0 23 14 Ending Stocks World 9.3 15.8 11.0 0.3 31.2 28 9 U.S. 15.5 26.2 3.0 0.5 12.6 23 14 Foreign 10.0 17.0 9.5 0.2 28.7 28 9 COARSE GRAINS 2/ Production World 2.4 4.0 17.7 0.4 51.0 28 9 U.S. 6.2 10.5 9.7 0.0 31.4 24 13 Foreign 2.4 4.1 13.9 0.7 39.5 25 12 Exports World 7.3 12.4 7.0 0.1 23.8 25 12 U.S. 21.2 35.9 7.5 0.4 19.7 16 21 Foreign 14.5 24.5 7.6 1.4 19.9 24 13 Domestic Use World 1.7 2.9 13.0 0.2 36.8 21 16 U.S. 4.2 7.1 6.7 0.2 17.0 22 15 Foreign 1.8 3.1 11.0 1.1 35.8 23 14 Ending Stocks World 14.7 25.0 17.5 0.1 53.5 29 8 U.S. 28.6 48.6 10.0 0.3 43.5 18 19 Foreign 15.1 25.6 12.1 0.2 42.5 29 8 RICE, milled Production World 2.3 4.0 6.4 0.1 24.4 24 13 U.S. 5.3 9.1 0.3 0.0 0.6 19 18 Foreign 2.4 4.0 6.4 0.4 24.7 25 12 Exports World 9.2 15.5 1.6 0.0 6.9 27 10 U.S. 11.7 19.9 0.2 0.0 1.0 19 16 Foreign 10.2 17.3 1.6 0.1 6.8 26 11 Domestic Use World 1.9 3.2 4.3 0.1 23.5 28 9 U.S. 8.6 14.5 0.2 0.0 0.5 16 21 Foreign 1.9 3.2 4.3 0.0 24.0 27 10 Ending Stocks World 12.4 21.0 5.7 0.1 20.9 29 8 U.S. 29.4 49.9 0.2 0.0 1.0 22 14 Foreign 13.4 22.7 5.7 0.1 20.9 29 8 1/ Footnotes at end of table. CONTINUED August 2018 WASDE - 580 - 36 Reliability of August Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity a nd Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 4.8 8.1 7.4 0.3 26.7 22 15 U.S. 6.2 10.5 3.4 0.0 11.1 21 15 Foreign 7.7 13.1 6.9 1.1 26.4 19 18 Exports World 7.1 12.1 3.1 0.2 11.6 25 12 U.S. 12.2 20.7 2.8 0.0 7.1 22 14 Foreign 19.7 33.4 2.7 0.0 9.4 18 19 Domestic Use World 3.6 6.0 4.8 0.0 15.9 24 13 U.S. 5.1 8.7 1.8 0.0 4.6 24 13 Foreign 4.1 7.0 4.4 0.6 11.3 23 14 Ending Stocks World 17.1 28.9 4.7 0.1 23.5 19 18 U.S. 45.8 77.7 2.5 0.3 7.3 12 25 Foreign 19.3 32.7 4.6 0.2 21.3 22 15 COTTON Million 480 -Pound Bales Production World 5.1 8.6 3.5 0.0 13.2 21 15 U.S. 7.6 12.9 1.0 0.0 3.9 19 17 Foreig n 5.5 9.4 3.2 0.0 10.9 21 15 Exports World 9.8 16.6 2.4 0.1 10.2 18 19 U.S. 21.9 37.2 1.2 0.0 3.2 20 17 Foreign 12.7 21.5 1.8 0.1 8.5 19 18 Domestic Use World 4.0 6.8 3.0 0.3 14.2 15 22 U.S. 8.9 15.2 0.4 0.0 1.3 18 16 Foreign 4.1 6.9 2.9 0.3 13.4 16 21 Ending Stocks World 15.1 25.6 5.5 0.2 14.2 25 12 U.S. 40.7 69.1 1.5 0.0 5.1 13 23 Foreign 15.3 25.9 4.9 0.1 14.0 27 10 1/ Marketing years 1981/82 through 2017/18 for grains, soybeans and cotton. Final for grains, soybeans and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2016/17, and for 2017/18 the last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. August 2018 WASDE - 580 - 37 Reliability of United States August Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 6.7 11.3 363 1 1,079 23 14 Exports 22.1 37.5 267 12 750 16 21 Domestic Use 4.6 7.8 275 10 590 24 13 Ending Stocks 34.1 57.8 365 12 1,674 17 20 SORGHUM Production 8.1 13.7 33 1 108 20 17 Exports 29.3 49.7 41 1 160 18 19 Domestic Use 26.4 44.8 42 0 130 17 18 Ending Stocks 55.1 93.5 37 2 201 14 23 BARLEY Production 6.2 10.6 15 1 67 14 23 Exports 66.9 113.5 13 0 82 16 18 Domestic Use 10.2 17.3 24 0 82 12 24 Ending Stocks 19.4 32.9 22 0 94 18 18 OATS Production 9.6 16.3 14 1 57 7 30 Exports 98.2 166.7 1 0 8 9 12 Domestic Use 6.6 11.2 14 1 39 11 26 Ending Stocks 24.1 40.8 15 2 40 17 20 SOYBEAN MEAL Thousand Short Tons Production 5.1 8.7 1,395 32 3,669 26 11 Exports 16.2 27.4 971 50 3,500 23 14 Domestic Use 4.1 7.0 828 24 3,800 22 15 Ending Stocks 43.7 74.2 52 0 428 11 14 SOYBEAN OIL Million Pounds Production 5.1 8.6 673 11 2,290 24 13 Exports 33.3 56.6 398 0 1,575 17 17 Domestic Use 4.3 7.2 464 8 2,200 24 13 Ending Stocks 33.4 56.6 475 0 1,472 20 16 ANIMAL PROD. Million Pounds Beef 4.1 7.0 819 110 2,536 25 11 Pork 3.1 5.2 409 10 1,375 22 14 Broilers 2.3 3.8 570 49 1,338 20 16 Turkeys 3.8 6.5 146 2 458 21 15 Million Dozen Eggs 1.8 3.1 105 4 394 24 12 Billion Pounds Milk 1.7 2.8 2.0 0.0 7.0 19 13 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2017/18 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2016/17, and for 2017/18 the last month’s estimate. Calendar years 1994 through 2017 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1994 -2017. WASDE -580-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASD E report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Dem and Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report a re provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Eq uivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 WASDE Notification System Subscri bers are notified through GovDelivery when the monthly World Agricultural Supply and Demand Estimates (WASDE) report is available. Previous WASDE reports are available at http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1194 For questions contact: Susan Carter at 202- 720-5447 or [email protected] World Agricultural Supply and Demand Estimate s WASDE -580 – August 10, 2018 WASDE Briefing Slides : The briefing slides which accompany today’s WASDE report will be available at http://www.usda.gov/oce/commodity/wasde/ Electronic Subscript ions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e -mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu. Select the “Reports by E -Mail” bar to sign up. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal oppor tunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 573 Approved by the World Agricultura l Outlook Board January 12, 2018 WHEAT: Projected 2017/18 U.S. wheat ending stocks are raised 29 million bushels on increased supplies and decreased use. Seed use is lowered 4 million bushels on the winter wheat planted area released today in the NASS Winter Wheat and Canola Seedings report. Wheat feed and residual use for 2017/18 is lowered 20 million bushels and r eflects disappearance for June - November as indicated by the December 1 and revised September 1 stocks released in th e NASS Grain Stocks report. All wheat exports are unchanged at 975 million bushels; however, a 10 million bushel decrease in Hard Red Spring exports is offset by 5-million -bushel increases each for Soft Red Winter and White wheat. Total supplies are raised 5 million bushels on higher imports while production and the season- average farm price are unchanged. Global wheat supplies for 2017/18 are lowered 0.8 million tons on reduced beginning stocks, more than offsetting increased production. World beginn ing stocks are lowered 2.6 million tons mostly on a large 2016/17 production cut for Australia, reflecting updated Australia Bureau of Statistics data. World production for 2017/18 is raised 1.8 million tons led by a 2.0-million -ton increase for Russia and a 0.8- million -ton increased for Pakistan. Partially offsetting is a 0.9- million -ton reduction for the EU. All these production changes reflect updated government data. Global exports are lowered 1.3 million tons led by reductions for Australia and the EU that reflect decreased supplies and increase market competition. Russian exports, in contrast, are raised 1.5 million tons to a record 35.0 million on increased supplies and competitive prices. Global use for 2017/18 is lowered fractionally and ending stocks a re lowered 0.4 million tons to 268.0 million, which remain record large. COARSE GRAINS: This month’s 2017/18 U.S. corn outlook is for larger production, increased food, seed, and industrial use (FSI), lower feed and residual use, and greater stocks. Corn production is estimated at 14.604 billion bushels, up 26 million from last month as an increase in yield to a record 176.6 bushels per acre is partially offset by a 0.4- million - acre reduction in harvested area. Among the major producing states, yields are estimated to be record high in Illinois, Minnesota, and Ohio. FSI is raised 10 million bushels, reflecting an estimated amount of corn used for glucose and dextrose during September -November that was above expectations. Feed and residual use is down 25 million bushels to 5,550 million based on indicated disappearance during September -November as reflected by the December 1 stocks. With supply rising and use falling, corn stocks are up 40 million bushels from last month. The season- average corn price received by producers is projected at $3.25 per bushel, up 5 cents at the midpoint based on observed prices to date. Sorghum production for 2017/18 is estimated 8 million bushels higher as an increase in yield to 72.1 bushels per acre more than offsets a mar ginal reduction in harvested area. Grain sorghum prices are forecast at $3.15 per bushel, up 5 cents at the midpoint. WASDE- 573-2 Global coarse grain production for 2017/18 is forecast 0.3 million tons higher to 1,324.2 million. This month’s 2017/18 foreign coarse g rain outlook is for l ower production and consumption and greater trade relative to last month. Foreign corn production is forecast lower with reductions for Russia, Vietnam and the Philippines more than offsetting an increase for Pakistan. Russia’s corn p roduction is down based on harvest results to date. Vietnam corn production is reduced as the impact of heavy rain during the growing season in the northern production area was worse than previously expected. Barley production is down as a reduction for Russia more than offsets an increase for Argentina. Major global trade changes for 2017/18 include lower corn exports for Russia, partially offset by an increase for Thailand. Brazil’s 2016/17 corn exports are reduced based on observed shipments to date fo r the local marketing year that started in March 2017. Imports for 2017/18 are lowered for Iran but increased for Vietnam and the Philippines. Foreign corn ending stocks are higher than last month, mostly reflecting increases for Brazil and Pakistan. Global corn stoc ks, at 206.6 million, are up 2.5 million from last month. RICE : U.S. 2017/18 all rice production is 178.2 million cwt, down fractionally from the previous estimate and down 20 percent from last year. The all rice average yield is estimated at 7,507 pounds per acre, up 46 pounds from the prior estimate. Long -grain production is raised to 127.9 million cwt and medium - and short -grain production is lowered to 50.4 million. All rice domestic and residual usage is increased by 5.0 million cwt to 120.0 million on higher -than-expected usage for August -November as implied by the NASS Rice Stocks report. Projected U.S. all rice exports are reduced by 3.0 million cwt to 100.0 million, all for long -grain on slower -than-expected exports to Western Hemisphere mar kets. Projected 2017/18 all rice ending stocks are reduced 1.8 million cwt to 29.2 million, the lowest level since 2003/04. The projected 2017/18 season- average farm price for all rice is reduced 20 cents at both ends of the range to $12.10 to $13.10 p er cwt, primarily due to lower -than-expected long -grain prices reported to date by NASS. Global 2017/18 rice supplies are increased by 1.3 million tons to 622.8 million, primarily on larger crops for the Philippines and Pakistan. Philippine rice product ion is projected at a record 12.0 million tons, mainly on larger harvested area, also a record. World 2017/18 consumption increases 1.0 million tons to 481.8 million on higher expected usage in China, Ecuador, Nigeria, Vietnam, and the United States . Global 2017/18 trade i s raised to 45.8 million tons on higher exports by China and India more than offsetting lower U.S exports. Trade is slightly below the 2016/17 record of 46.0 million tons. World ending stocks are projected fractionally higher to 141.1 million tons for 2017/18 and are at the highest level since 2000/01 with China holding over 66 percent of total stocks. OILSEEDS : U.S. oilseed production for 2017/18 is estimated at 131.3 million tons, down 0.9 million from last month. Smaller soybean, peanut, and c ottonseed crops are partly offset by increases for canola and sunflowerseed. Soybean production is estimated at 4,392 million bushels, down 33 million on lower yields. Harvested area is estimated at 89.5 million acres, up fractionally from the previous f orecast. Yield is estimated at 49.1 bus hels per acre, down 0.4 bushels, led by reductions for Kansas, North Dakota, and South Dakota. The soybean crush forecast is raised 10 million bushels to 1,950 million. Soybean meal production is unchanged as the higher crush is offset by a lower extraction rate. Soybean exports are reduced 65 million bushels to 2,160 million, reflecting lagging sales commitments through December and increased competition with higher soybean production and export forecasts WASDE- 573-3 for Brazi l. Ending stocks are projected at 470 million bushels, up 25 million from the previous forecast. The 2017/18 U.S. season- average farm price for soybeans is projected at $8.80 to $9.80 per bushel, unchanged at the midpoint. The soybean oil price forecast of 32 to 35 cents per pound is lowered 1 cent at the midpoint. The soybean meal price forecast is unchanged at $295 to $335 per short ton. Global oilseed production is projected at 580.1 million tons, up 0.5 million. Soybean production is raised 0.1 million tons to 348.6 million on gains for Brazil and the EU that are partly offset by lower production for Argentina and the United States. The Brazil soybean crop is increased 2 million tons to 110 million reflecting higher yield estimates in rec ent government reports. Soybean production for Argentina is reduced 1 million tons to 56 million on lower area plant ed to date, particularly in northern Argentina. Other changes include higher rapeseed production for Ukraine and lower sunflowerseed production for Argentina. Global oilseed trade for 2017/18 is projected at 176.0 million tons, down 0.4 million from last month. Lower U.S. soybean and Australian rapeseed shipments are partly offset by increased soybean exports for Brazil and rapeseed for Ukraine. Global oilseed ending stocks are projected at 111.2 million tons, up 0.4 million mainly on higher soybean stocks for Brazil and the United States and higher rapeseed stocks for Australia. Partly offsetting are lower soybean stocks for Argentina and sunflowerseed stocks for the EU. SUGAR : U.S. sugar supply for 2017/18 is increased by 72,353 short tons, raw value (STRV), mainly due to increases in expected cane sugar production partially offset by a decrease in beet sugar production. Louisiana c ane sugar production for 2017/18 is increased by 130,000 STRV to 1.820 million due to a strong harvest campaign that is expected to extend into mid- January, according to industry reporting. Florida cane sugar production is increased by 39,038 STRV to 2.075 million based on processors ’ estimates of sugar yield per acre made at the end of December. Beet sugar production for 2017/18 is decreased by 102,455 STRV to 5.257 million based on lower sugarbeet production reported by NASS. Additionally, beginning stocks are increased by 15,438 STRV based on inventory revisions submitted by processors to Sweetener Market Data . These supply increases are slightly offset by a reduction of 9,668 STRV due to fewer imports forecast to enter under FTA tariff-rate quotas. U.S. sugar use for 2017/18 is increased by a 50,000- STRV export increase consisting mostly of shipments to Mexico, part of which is expected to be under the U.S. re -export program. Ending stocks for 2017/18 are projected at 1.824 million STRV, implying a stocks -to-use ratio of 14.4 percent. In Mexico, an increase in imports of 40,000 metric tons (MT) is offset by an increase in exports to non- U.S. destinations. The ending stock s total for 2017/18 remains at 1.008 million MT, an amount to meet sugar supply requir ements of domestic consumption before the next season harvest. LIVESTOCK, POULTRY, AND DAIRY : The estimate of 2017 total red meat and poultry production is reduced from last month. Based on preliminary data, beef and turkey production estimates are lowered, more than offset ting higher pork and broiler production. The egg production estimate is raised modestly on late- 2017 production data. For 2018, the total red meat and poultry production forecast is raised as higher expected pork, beef, and WASDE- 573-4 broiler production offsets lower turkey production. The 2018 beef production forecast is raised as higher c attle placements in late 2017 are expected to result in higher fed cattle marketings and slaughter in the first half of 2018. Average carcass weights are also expected to be heavier. USDA will release its semi -annual Cattle report on January 31, providing estimates of heifers held for breeding and an insight into the number of feeder cattle available for placement during 2018. The pork production forecast for 2018 is raised. USDA ’s Quarterly Hogs and Pigs report estimated the Sep tember -November pig crop was 3 percent above 2016 which supports a higher first half production forecast. The report also indicated producers expect to expand farrowings about 3 percent in the first half of the year which, coupled with continued gains in pigs per litter, support s higher second -half production. Forecast broiler production is raised for 2018 on favorable returns. Turkey production is reduced based on continued weak demand. The egg production forecast is raised slightly. Beef import s are increased for 2017 on increased shipments from Oceania. No change is made to exports . Pork exports for 2017 are raised reflecting the pace of trade to date but no change is made to pork import s. Broiler import s and export s are raised for 2017 , reflect ing recent trade data. For 2018, livestock, broiler, and egg trade forecasts remain unchanged from last month. Livestock and poultry price estimates for 2017 are adjusted to reflect December price data. For 2018, the cattle price is raised, reflecting early -year price strength. The first -quarter 2018 hog price forecast is raised, reflecting recent price strength and firm demand. First and second quarter broiler and egg price forecasts are raised as well on recent price strength and continued strong demand. Turkey price forecasts for 2018 are lowered on recent price movements and continued weakness in demand. The milk production estimate for 2017 is reduced on recent data. For 2018, the milk production estimate is reduced on slower anticipated growth in the dairy cow herd combined with continued slow growth in milk per cow. Fat basis import s for 2017 a re reduced on slower butter imports , but exports are raised on solid global demand for U.S. butter and other dairy products. S kim-solids basis import s are reduced modestly while export s are raised on strong demand for skim milk powder and several other products. For 2018, the fat basis import forecast is reduced on slowing demand for butter products, while the export forecast is raised on expected robust foreign demand for U.S. fat -containing products. On a s kim-solids basis, the 2018 import forecast is reduced on weak demand for U.S. milk protein concentrates. The 2018 skim -solids basis export forecast is raised reflecting stronger demand for a number of products. Dairy product prices for 2017 are adjusted for December data. For 2018, all dairy product prices are reduced on slowing domestic demand and global competition. The Class III and Class IV price forecast s for 2018 are reduced on lower product prices. The all milk price is lowered to $15.80 to $16.60 per cwt for 2018. COTTON : This month ’s 2017/18 U.S. cotton forecast s include slightly lower production and ending stocks. Production i s reduced 177,000 bales due to small declines in regions outside the Delta. Ending stocks are reduced 100,000 bales, while domestic mill use and exports are unchanged. The forecast for t he marketing year average price received by producers is raised 3 cents per pound, to a mid point of 69 cents. WASDE- 573-5 Offsetting changes in foreign production and consumption characterize the global 2017/18 cotton forecasts this month. Global production is raised 1.0 million bales as a 1.4- million - bale increase for China is only partly offset by small decreases in India, the United States, and Australia. Global consumption is raised 1.2 million bales largely due to a 1.0- million -bale increase for China. World consumption is forecast to grow at a 5.2 percent annual rate in 2017/18, more than double its long -run level. Projected world ending stocks are changed slightly this month, down 200,000 bales from December, but at 87.8 million bales are still forecast marginally higher than the year before. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Seth D. Meyer , (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY : SONNY PERDUE SECRETARY OF AGRICULTURE WASDE- 573-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers , ICEC Chair, WAOB, E- mail: wchambers @oce.usda.gov Jennifer Bond, ERS; Andrew Sowell, FAS; Pete Riley, FSA . Rice: William Chambers , ICEC Chair, WAOB, E-mail: wchambers @oce.usda.gov Nathan Childs, ERS; Rachel Trego, FAS; Sherrie Grimm , FSA. Feed Grains: Michael Jewison , ICEC Chair, WAOB, E-mail: [email protected] Tom Capehart, ERS; Yoonhee Macke , FAS; Thomas Gajnak , FSA . Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail: [email protected] Mark Ash, ERS; Bill George, FAS; Susan Proper, FSA . Cotton: Stephen MacDonald, ICEC Chair, WAOB, E- mail: [email protected] Leslie Meyer, ERS; James Johnson, FAS; E rik Dohlman , FSA . Suga r: Stephen Haley , ICEC Chair, WAOB, E- mail: [email protected] Michael McConnell, ERS; Ro n Lord, FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Lindsay Kuber ka, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Larry Haller, AMS; Sean Ramos, ERS; C laire Mezoughem , FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E- mail: [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Milton Madison, FSA. In 2018, the WASDE report will be released on Feb 8, Mar 8, Apr 10, May 10, Jun 12, Jul 12, Aug 10, Sep 12, Oct 11, Nov 8, and Dec 11. WASDE- 573-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World C oarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Production .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 January 2018 WASDE - 573 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2015/16 2468.53 3061.44 376.64 2434.65 626.79 2016/17 (Est.) 2603.58 3230.37 430.99 2577.77 652.60 filler filler filler filler filler 2017/18 (Proj.) Dec 2562.59 3218.33 415.98 2576.95 641.38 2017/18 (Proj.) Jan 2565.94 3218.54 415.58 2575.68 642.86 filler filler filler filler filler Wheat 2015/16 735.31 953.26 172.84 711.58 241.67 2016/17 (Est.) 750.44 992.12 183.36 739.40 252.72 filler filler filler filler filler 2017/18 (Proj.) Dec 755.21 1010.53 182.15 742.12 268.42 2017/18 (Proj.) Jan 757.01 1009.72 180.85 741.70 268.02 filler filler filler filler filler Coarse Grains 5/ 2015/16 1260.26 1507.43 163.46 1254.95 252.48 2016/17 (Est.) 1366.06 1618.55 201.63 1356.77 261.77 filler filler filler filler filler 2017/18 (Proj.) Dec 1323.92 1586.31 188.51 1354.07 232.24 2017/18 (Proj.) Jan 1324.22 1586.00 188.91 1352.23 233.77 filler filler filler filler filler Rice, milled 2015/16 472.96 600.75 40.34 468.11 132.63 2016/17 (Est.) 487.08 619.71 46.01 481.60 138.11 filler filler filler filler filler 2017/18 (Proj.) Dec 483.47 621.48 45.32 480.76 140.73 2017/18 (Proj.) Jan 484.71 622.82 45.82 481.75 141.08 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Gra ins 4/ 2015/16 429.26 506.00 81.75 348.12 76.14 2016/17 (Est.) 472.56 556.09 96.92 363.41 95.76 filler filler filler filler filler 2017/18 (Proj.) Dec 436.41 540.65 85.45 363.85 91.35 2017/18 (Proj.) Jan 437.29 541.63 85.36 363.10 93.17 filler filler filler filler filler Wheat 2015/16 56.12 79.66 21.17 31.94 26.55 2016/17 (Est.) 62.83 92.60 28.72 31.75 32.13 filler filler filler filler filler 2017/18 (Proj.) Dec 47.37 83.59 26.54 30.92 26.13 2017/18 (Proj.) Jan 47.37 83.72 26.54 30.26 26.92 filler filler filler filler filler Coarse Grains 5/ 2015/16 367.01 417.89 57.18 312.60 48.11 2016/17 (Est.) 402.61 454.15 64.50 327.48 62.17 filler filler filler filler filler 2017/18 (Proj.) Dec 383.37 449.16 55.65 329.28 64.23 2017/18 (Proj.) Jan 384.26 450.00 55.65 329.03 65.33 filler filler filler filler filler Rice, milled 2015/16 6.13 8.45 3.40 3.58 1.48 2016/17 (Est.) 7.12 9.34 3.70 4.17 1.46 filler filler filler filler filler 2017/18 (Proj.) Dec 5.66 7.90 3.27 3.65 0.98 2017/18 (Proj.) Jan 5.66 7.91 3.18 3.81 0.93 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbala nces. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). January 2018 WASDE - 573 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2015/16 2,039.27 2,555 .44 294.90 2,086.53 550.65 2016/17 (Est.) 2,131.02 2,674.28 334.07 2,214.36 556.84 filler filler filler filler filler 2017/18 (Proj.) Dec 2,126.18 2,677.68 330.53 2,213.10 550.03 2017/18 (Proj.) Jan 2,128.65 2,676.91 330.23 2,212.58 549.69 filler filler filler filler filler Wheat 2015/16 679.19 873.60 151.67 679.64 215.12 2016/17 (Est.) 687.61 899.52 154.65 707.65 220.59 filler filler filler filler filler 2017/18 (Proj.) Dec 707.84 926.95 155.61 711.20 242.28 2017/18 (Proj.) Jan 709.64 926.00 154.31 711.44 241.10 filler filler filler filler filler Coarse Grains 5/ 2015/16 893.25 1,089.54 106.28 942.36 204.37 2016/17 (Est.) 963.45 1,164.39 137.13 1,029.29 199.61 filler filler filler filler filler 2017/18 (Pro j.) Dec 940.54 1,137.15 132.87 1,024.79 168.01 2017/18 (Proj.) Jan 939.97 1,136.00 133.27 1,023.20 168.44 filler filler filler filler filler Rice, milled 2015/16 466.83 592.30 36.95 464.54 131.16 2016/17 (Est.) 479.96 610.37 42.30 477.43 136.65 filler filler filler filler filler 2017/18 (Proj.) Dec 477.81 613.58 42.05 477.10 139.74 2017/18 (Proj.) Jan 479.05 614.91 42.65 477.94 140.15 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2015/16 96.15 207.30 35.13 112.26 95.35 2016/17 (Est.) 106.56 201.91 37.24 114.77 87.64 filler filler filler filler filler 2017/18 (Proj.) Dec 119.96 207.61 38.46 119.59 88.00 2017/18 (Proj.) Jan 120.97 208.60 38.38 120.83 87.79 filler filler filler filler filler United States 2015/16 12.89 16.57 9.15 3.45 3.80 2016/17 (Est.) 17.17 20.98 14.92 3.25 2.75 filler filler filler filler filler 2017/18 (Proj.) Dec 21.44 24.20 14.80 3.35 5.80 2017/18 (Proj.) Jan 21.26 24.02 14.80 3.35 5.70 filler filler filler filler filler Foreign 4/ 2015/16 83.26 190.73 25.98 108.81 91.55 2016/17 (Est.) 89.39 180.93 22.33 111.52 84.89 filler filler filler filler filler 2017/18 (Proj.) Dec 98.52 183.41 23.66 116.24 82.20 2017/18 (Proj.) Jan 99.70 184.58 23.58 117.48 82.09 filler filler filler filler filler 1/ Marketing ye ar beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. January 2018 WASDE - 573 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2015/16 520.87 614.24 153.30 445.86 90.68 2016/17 (Est.) 573.63 664.31 170.48 469.59 108.34 filler filler filler filler filler 2017/18 (Proj.) Dec 579.54 687.95 176.33 488.58 110.80 2017/18 (Proj.) Jan 580.08 688.42 175.97 488.49 111.18 filler filler filler filler filler Oilmeals 2015/16 306.11 323.49 86.89 303.51 16.32 2016/17 (Est.) 321.50 337.81 88.38 317.58 15.84 filler filler filler filler filler 2017/18 (Proj.) Dec 334.81 350.76 91.33 331.58 15.32 2017/18 (Proj.) Jan 334.55 350.39 91.16 331.15 15.25 filler filler filler filler filler Vegetable Oils 2015/16 176.73 201.11 73.48 177.45 20.83 2016/17 (Est.) 188.67 209.50 80.61 183.87 19.30 filler filler filler filler filler 2017/18 (Proj.) Dec 196.88 216.41 81.41 189.94 20.72 2017/18 (Proj.) Jan 196.85 216.15 81.02 190.34 20.55 filler filler filler filler filler United States Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2015/16 115.88 123.76 53.96 55.05 6.87 2016/17 (Est.) 126.93 135.30 60.28 56.24 9.60 filler filler filler filler filler 2017/18 ( Proj.) Dec 132.16 143.31 61.81 57.69 13.90 2017/18 (Proj.) Jan 131.31 142.40 60.04 57.96 14.57 filler filler filler filler filler Oilmeals 2015/16 42.78 47.15 11.18 35.69 0.28 2016/17 (Est.) 43.08 47.28 10.83 36.04 0.41 filler filler filler filler filler 2017/18 (Proj.) Dec 44.49 48.92 11.41 37.19 0.33 2017/18 (Proj.) Jan 44.47 48.76 11.41 37.03 0.33 filler filler filler filler filler Vegetable Oils 2015/16 11.21 17.03 1.25 14.58 1.20 2016/17 (Est.) 11.44 17.37 1.42 14.73 1.23 filler filler filler filler filler 2017/18 (Proj.) Dec 11.65 17.82 1.13 15.57 1.12 2017/18 (Proj.) Jan 11.67 17.81 1.12 15.60 1.09 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2015/16 404.99 490.48 99.34 390.81 83.81 2016/17 (Est.) 446.69 529.01 110.20 413.35 98.74 filler filler filler filler filler 2017/18 (Proj.) Dec 447.39 544.64 114.52 430.89 96.90 2017/18 (Proj.) Jan 448.77 546.02 115.93 430.5 3 96.61 filler filler filler filler filler Oilmeals 2015/16 263.34 276.34 75.71 267.82 16.04 2016/17 (Est.) 278.41 290.53 77.55 281.54 15.43 filler filler filler filler filler 2017/18 (Proj.) Dec 290.32 301.84 79.92 294.39 14.99 2017/18 (Proj.) Jan 290.08 301.62 79.76 294.12 14.93 filler filler filler filler filler Vegetable Oils 2015/16 165.52 184.09 72.23 162.87 19.62 2016/17 (Est.) 177.23 192.13 79.20 169.15 18.07 filler filler filler filler filler 2017/18 (Proj.) Dec 185.23 198.59 80.28 174.38 19.59 2017/18 (Proj.) Jan 185.18 198.34 79.90 174.74 19.46 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Tota l Foreign is equal to World minus United States. January 2018 WASDE - 573 - 11 U.S. Wheat Supply and Use 1/ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Dec Jan Million Acres Area Planted 55.0 50.1 46.0 46.0 Area Harvested 47.3 43.9 37.6 37.6 Bushels Yield per Harvested Acre 43.6 52.7 46.3 46.3 Million Bushels Beginning Stocks 752 976 1,181 1,181 Production 2,062 2,309 1,741 1,741 Imports 113 118 150 155 Supply, Total 2,927 3,402 3,071 3,076 Food 957 949 950 950 Seed 67 61 66 62 Feed and Residual 149 156 120 100 Domestic, Total 1,174 1,167 1,136 1,112 Exports 778 1,055 975 975 Use, Total 1,951 2,222 2,111 2,087 Ending Stocks 976 1,181 960 989 Avg. Farm Price ($/bu) 2/ 4.89 3.89 4.50 - 4.70 4.50 - 4.70 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2016/17 (Est.) Beginning Stocks 446 272 157 74 28 976 Production 1,082 491 345 286 104 2,309 Supply, Total 3/ 1,533 805 535 368 162 3,402 Domestic Use 489 249 228 99 101 1,167 Exports 455 321 92 163 24 1,055 Use, Total 943 570 320 263 126 2,222 Ending Stocks, Total 589 235 215 105 36 1,181 2017/18 (Proj.) Beginning Stocks 589 235 215 105 36 1,181 Production 750 385 292 258 55 1,741 Supply, Total 3/ 1,346 695 527 370 138 3,076 Domestic Use 457 272 206 94 83 1,112 Exports 405 245 90 215 20 975 Use, Total 862 517 296 309 103 2,087 Ending Stocks, Total Jan 484 178 231 61 35 989 Ending Stocks, Total Dec 470 167 230 65 28 960 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. January 2018 WASDE - 573 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Dec Jan Million Acres Area Plan ted 103.2 106.6 101.2 100.9 Area Harvested 93.0 96.5 90.9 90.5 Metric Tons Yield per Harvested Acre 3.94 4.17 4.21 4.24 Million Metric Tons Beginning Stocks 46.9 48.1 62.2 62.1 Production 366.7 402.3 383.1 384.0 Imports 3.7 3.3 3.4 3.4 Supply, Total 417.4 453.6 448.7 449.5 Feed and Residual 135.2 144.4 145.5 145.0 Food, Seed & Industrial 176.9 182.5 183.4 183.6 Domestic, Total 312.1 327.0 328.8 328.6 Exports 57.2 64.5 55.6 55.6 Use, Total 369.3 391.5 384.5 384.2 Ending Sto cks 48.1 62.1 64.2 65.3 CORN 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. Decemb er January Million Acres Area Planted 88.0 94.0 90.4 90.2 Area Harvested 80.8 86.7 83.1 82.7 Bushels Yield per Harvested Acre 168.4 174.6 175.4 176.6 Million Bushels Beginning Stocks 1,731 1,737 2,295 2,293 Production 13,602 15,148 14,578 14,604 Imports 68 57 50 50 Supply, Total 15,401 16,942 16,922 16,947 Feed and Residual 5,114 5,467 5,575 5,550 Food, Seed & Industrial 2/ 6,648 6,889 6,985 6,995 Ethanol & by -products 3/ 5,224 5,439 5,525 5,525 Domestic, Total 11,763 12,356 12,560 12,545 Exports 1,901 2,293 1,925 1,925 Use, Total 13,664 14,649 14,485 14,470 Ending Stocks 1,737 2,293 2,437 2,477 Avg. Farm Price ($/bu ) 4/ 3.61 3.36 2.85 - 3.55 2.95 - 3.55 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data -products/feed -grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by -products including distillers' grains, corn gluten feed, corn gluten meal, and cor n oil. 4/ Marketing - year weighted average price received by farmers. January 2018 WASDE - 573 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Dec Jan Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 8.5 6.7 5.7 5.6 Area Harvested (mil. acres) 7.9 6.2 5.0 5.0 Yield (bushels/acre) 76.0 77.9 70.4 72.1 Beginning Stocks 18 37 34 33 Production 597 480 356 364 Imports 5 2 2 2 Supply, Total 620 519 391 399 Feed and Residual 107 130 60 65 Food, Seed & Industrial 137 115 50 50 Total Domestic 244 245 110 115 Exports 340 241 260 260 Use, Total 583 485 370 375 Ending Stocks 37 33 21 24 Avg. Farm Price ($/bu) 2/ 3.31 2.79 2.75 - 3.45 2.85 - 3.45 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. Decemb er January Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.6 3.1 2.5 2.5 Area Harvested (mil. acres) 3.2 2.6 2.0 2.0 Yield (bushels/acre) 69.1 77.9 72.6 72.6 Beginning Stocks 79 102 106 106 Production 218 200 142 142 Imports 19 10 15 15 Supply, Total 315 312 263 263 Feed and Residual 44 39 35 35 Food, Seed & Industrial 158 162 162 162 Total Domestic 202 201 197 197 Exports 11 4 5 5 Use, Total 213 205 202 202 Ending Stocks 102 106 61 61 Avg. Farm Price ($/bu) 2/ 5.52 4.96 4.10 - 4.90 4.15 - 4.85 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. Decemb er January Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.1 2.8 2.6 2.6 Area Harvested (mil. acres) 1.3 1.0 0.8 0.8 Yield (bushels/acre) 70.2 66.0 61.7 61.7 Beginning Stocks 54 57 50 50 Production 90 65 49 49 Imports 86 90 100 100 Supply, Total 229 212 200 200 Feed and Residual 94 82 90 90 Food, Seed & Industrial 77 76 78 78 Total Domestic 170 158 168 168 Exports 2 3 2 2 Use, Total 172 162 170 170 Ending Stocks 57 50 30 30 Avg. Farm Price ($/b u) 2/ 2.12 2.06 2.30 - 2.70 2.35 - 2.65 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. January 2018 WASDE - 573 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Dec Jan Million Acres Area Planted 2.63 3.15 2.49 2.46 Area Harvested 2.59 3.10 2.39 2.37 Fil ler Pounds Yield per Harvested Acre 7,472 7,237 7,461 7,507 Million Hundredweight Beginning Stocks 2/ 48.5 46.5 46.0 46.0 Production 193.1 224.1 178.4 178.2 Imports 24.1 23.5 24.5 24.9 Supply, Total 265.8 294.1 248.9 249.2 Domestic & Residual 3/ 112.4 131.4 115.0 120.0 Exports, Total 4/ 107.0 116.7 103.0 100.0 Rough 39.3 42.5 36.0 34.0 Milled (rough equiv.) 67.7 74.2 67.0 66.0 Use, Total 219.3 248.0 218.0 220.0 Ending Stocks 46.5 46.0 30.9 29.2 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 12.20 10.40 12.30 - 13.30 12.10 - 13.10 Total LONG -GRAIN RICE 2015/16 2016/17 E st. 2017/18 Proj . 2017/18 Proj. Decemb er January Harvested Acres (mil.) 1.85 2.40 1.75 Yield (pounds/acre) 7,219 6,927 7,314 Beginning Stocks 26.5 22.7 31.0 31.0 Production 133.4 166.5 126.1 127.9 Supply, Total 7/ 180.7 209.4 178.5 180.4 Domes tic & Residual 3/ 82.1 99.7 88.0 93.0 Exports 8/ 75.9 78.7 74.0 71.0 Use, Total 158.0 178.4 162.0 164.0 Ending Stocks 22.7 31.0 16.5 16.4 Avg. Farm Price ($/cwt) 6/ 11.20 9.64 11.60 - 12.60 11.30 - 12.30 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. Decemb er January Harvested Acres (mil.) 0.74 0.69 0.63 Yield (pounds/acre) 8,107 8,311 8,048 Beginning Stocks 20.2 20.9 11.5 11.5 Production 59.7 57.7 52.2 50.4 Supply, Total 7/ 82.2 81.1 66.9 65.3 Domestic & Residual 3/ 30.3 31.7 27.0 27.0 Exports 8/ 31.0 37.9 29.0 29.0 Use, Total 61.3 69.6 56.0 56.0 Ending Stocks 20.9 11.5 10.9 9.3 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 15.30 12.90 14.20 - 15.20 14.50 - 15.50 California 10/ 18.10 13.70 15.00 - 16.00 15.50 - 16.50 Other States 1/ 11.20 10.10 11.80 - 12.80 11.50 - 12.50 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginn ing August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2015/16 -2.9; 2016/17 -2.9; 2017/18 -2.9. 3/ Residual includes unreported use, processing losses, a nd estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and endin g stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.65 per cwt from 2008/09 -2013/14, with a high of $3.50 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. January 2018 WASDE - 573 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Dec Jan Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 82.7 83.4 90.2 90.1 Area Harvested 81.7 82.7 89.5 89.5 Fil ler Bushels Yield per Harvested Acre 48.0 52.0 49.5 49.1 Million Bushels Beginning Stocks 191 197 301 302 Production 3,926 4,296 4,425 4,392 Imports 24 22 25 25 Supply, Total 4,140 4,515 4,752 4,718 Crushings 1,886 1,899 1,940 1,950 Exports 1,942 2,174 2,225 2,160 Seed 97 105 106 106 Residual 18 36 35 33 Use, Total 3,944 4,213 4,306 4,248 Ending Stocks 197 302 445 470 Avg. Farm Price ($/bu) 2/ 8.95 9.47 8.60 - 10.00 8.80 - 9.80 Total SOYBEAN OIL 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. Decemb er January Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,855 1,687 1,711 1,711 Production 4/ 21,950 22,099 22,505 22,525 Imports 287 319 300 300 Supply, Total 24,092 24,104 24,516 24,536 Domestic Disappearance 20,162 19,837 21,000 21,100 Biodiesel 3/ 5,670 6,200 7,500 7,500 Food, Feed & other Industrial 14,492 13,637 13,500 13,600 Exports 2,243 2,556 1,900 1,900 Use, Total 22,405 22,393 22,900 23,000 Ending stocks 1,687 1,711 1,616 1,536 Avg. Price (c/lb) 2/ 29.86 32.48 32.50 - 36.50 32.00 - 35.00 Total SOYBEAN MEAL 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. Decemb er January Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 260 264 401 401 Production 4/ 44,672 44,733 46,099 46,099 Imports 403 349 300 300 Supply, Total 45,336 45,34 7 46,800 46,800 Domestic Disappearance 33,118 33,345 34,300 34,300 Exports 11,954 11,601 12,200 12,200 Use, Total 45,072 44,946 46,500 46,500 Ending Stocks 264 401 300 300 Avg. Price ($/s.t.) 2/ 324.56 316.88 295.00 - 335.00 295.00 - 335.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 1,906 million bushels for 2016/17 and 1,950 million bushels for 2017/18. January 2018 WASDE - 573 - 16 U.S. Sugar Supply and Use 1/ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Dec Jan Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,815 2,054 1,836 1,851 Production 2/ 8,989 8,969 9,245 9,312 Beet Sugar 5,119 5,103 5,359 5,257 Cane Sugar 3,870 3,866 3,886 4,055 Florida 2,173 2,055 2,036 2,075 Hawaii 152 43 0 0 Louisiana 1,428 1,628 1,690 1,820 Texas 116 140 160 160 Imports 3,341 3,244 3,326 3,316 TRQ 3/ 1,620 1,611 1,798 1,788 Other Program 4/ 396 419 250 250 Other 5/ 1,325 1,213 1,278 1,278 Mexico 1,309 1,201 1,268 1,268 Total Supply 14,145 14,267 14,407 14,479 Exports 74 95 50 100 Deliveries 12,051 12,283 12,555 12,555 Food 6/ 11,881 12,127 12,400 12,400 Other 7/ 170 156 155 155 Miscellaneous -33 38 0 0 Total Use 12,091 12,416 12,605 12,655 Ending Stocks 2,054 1,851 1,802 1,824 Stocks to Use Ratio 17.0 14.9 14.3 14.4 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2016/17 and 2017/18 are based on Crop Production and processor projections where appropriate. 3/ For 2017/18, WTO raw sugar TRQ shortfall (183). For 2016/17, WTO raw sugar TRQ shortfall is undefined because of 13th month rollover into 20 17/18. 4/ Includes sugar under the re -export and polyhydric alcohol programs. 5/ For 2015/16, other high- tier (16) and other (0). For 2016/17, other high- tier (12) and other (0). For 2017/18, other high- tier (10) and other (0). 6/For 2014/15, combines SMD deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar -containing products for reexport, and for nonedible alcohol, feed, and ethanol. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginni ng Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2016/17 Est. Dec 1,037 5,957 93 4,851 1,234 1,002 2016/17 Est. Jan 1,037 5,957 93 4,851 1,234 1,002 2017/18 Proj. Dec 1,002 6,100 95 4,972 1,217 1,008 2017/18 Proj. Jan 1,002 6,100 135 4,972 1,257 1,008 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): Estimated Oct -Sep 2016/17 = 1,531, projected 2017/18 = 1,531; Oct - Nov 2016/17 = 229, Oct - Oct 2017/18 = 247. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2016/17 (397 est), 2017/18 (390 proj). Other Deliveries/Ending Year Statistical Adjustments: 2015/16 ( -10), 2016/17 ( -61), 2017/18 (0). January 2018 WASDE - 573 - 17 U.S. Cotton Supply and Use 1/ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Dec Jan Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 8.58 10.07 12.62 12.61 Harvested 8.07 9.51 11.41 11.35 Fil ler Pounds Yield per Harvested Acre 766 867 902 899 Million 480 Pound Bales Begi nning Stocks 3.65 3.80 2.75 2.75 Production 12.89 17.17 21.44 21.26 Imports 0.03 0.01 0.01 0.01 Supply, Total 16.57 20.98 24.20 24.02 Domestic Use 3.45 3.25 3.35 3.35 Exports, Total 9.15 14.92 14.80 14.80 Use, Total 12.60 18.17 18.15 18.15 Unacc ounted 2/ 0.17 0.06 0.25 0.17 Ending Stocks 3.80 2.75 5.80 5.70 Avg. Farm Price 3/ 61.2 68.0 63.00 - 69.00 67.00 - 71.00 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. T otals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. January 2018 WASDE - 573 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 217.95 735.31 170.10 136.50 711.58 172.84 241.67 United States 20.48 56.12 3.07 4.07 31.94 21.17 26.55 Total Foreign 197.48 679.19 167.03 132.44 679.64 151.67 215.12 Major Exporters 4/ 29.27 221.65 7.60 65.66 150.60 82.52 25.41 Argentina 4.80 11.30 0.01 0.20 5.70 9.60 0.82 Australia 4.67 22.28 0.15 3.70 7.13 16.12 3.85 Cana da 7.10 27.59 0.52 2.76 7.92 22.11 5.18 European Union 5/ 12.70 160.48 6.92 59.00 129.85 34.69 15.56 Major Importers 6/ 113.34 205.43 92.35 27.94 264.64 6.42 140.06 Brazil 0.87 5.54 6.75 0.50 11.10 1.06 1.00 China 76.11 130.19 3.48 10.50 112.00 0.73 97.04 Sel. Mideast 7/ 13.65 19.91 19.19 4.85 37.77 0.55 14.43 N. Africa 8/ 13.22 19.98 27.80 2.28 43.67 0.70 16.63 Pakistan 3.71 25.10 0.02 0.80 24.40 0.60 3.83 Southeast Asia 9/ 3.85 0.00 24.60 8.02 22.30 0.97 5.19 Selected Other India 17.22 86.53 0.47 4.20 88.55 1.13 14.54 FSU-12 20.66 117.96 7.40 26.74 77.78 51.48 16.77 Russia 6.29 61.04 0.82 14.00 37.00 25.54 5.61 Kazakhstan 3.28 13.75 0.07 2.10 6.90 7.60 2.60 Ukraine 5.68 27.27 0.03 5.10 12.20 17.43 3.35 2016/17 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 241.67 750.44 179.20 147.10 739.40 183.36 252.72 United States 26.55 62.83 3.22 4.26 31.75 28.72 32.13 Total Foreign 215.12 687.61 175.98 142.84 707.65 154.65 220.59 Major Exporters 4/ 25.41 225.74 5.94 65.42 150.95 83.94 22.20 Argentina 0.82 18.40 0.01 0.10 5.20 13.80 0.22 Austr alia 3.85 30.36 0.14 3.90 7.35 22.64 4.37 Canada 5.18 31.73 0.51 5.42 10.40 20.18 6.84 European Union 5/ 15.56 145.25 5.29 56.00 128.00 27.32 10.77 Major Importers 6/ 140.06 200.04 96.42 36.62 278.75 5.57 152.20 Brazil 1.00 6.73 7.35 0.80 12.20 0.70 2.18 China 97.04 128.85 4.41 16.50 118.50 0.75 111.05 Sel. Mideast 7/ 14.43 20.14 18.11 4.97 39.12 0.53 13.03 N. Africa 8/ 16.63 14.08 28.36 2.28 44.57 0.58 13.92 Pakistan 3.83 25.60 0.00 0.80 24.50 0.60 4.33 Southeast Asia 9/ 5.19 0.00 26.91 9.89 25.47 1.02 5.61 Selected Other India 14.54 87.00 5.90 4.70 97.12 0.52 9.80 FSU-12 16.77 130.48 7.36 28.00 79.07 54.42 21.11 Russia 5.61 72.53 0.50 17.00 40.00 27.81 10.83 Kazakhstan 2.60 14.99 0.08 2.10 6.90 7.40 3.36 Ukraine 3.35 26.80 0.04 3.60 10.30 18.11 1.78 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra- trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. January 2018 WASDE - 573 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Dec 255.33 755.21 180.60 142.67 742.12 182.15 268.42 Jan 252.72 757.01 180.19 143.32 741.70 180.85 268.02 United States Dec 32.13 47.37 4.08 3.27 30.92 26.54 26.13 Jan 32.13 47.37 4.22 2.72 30.26 26.54 26.92 Total Foreign Dec 223.20 707.84 176.52 139.41 711.20 155.61 242.28 Jan 220.59 709.64 175.97 140.60 711.44 154.31 241.10 Major Exporters 4/ Dec 25.03 221.50 6.66 64.10 150.05 79.70 23.44 Jan 22.20 220.60 6.66 64.00 149.75 76.90 22.81 Argentina Dec 0.32 17.50 0.01 0.10 5.60 11.70 0.53 Jan 0.22 17.50 0.01 0.10 5.50 11.90 0.33 Australia Dec 7.10 21.50 0.15 3.50 7.00 17.50 4.25 Jan 4.37 21.50 0.15 3.40 6.80 16.00 3.22 Canada Dec 6.84 30.00 0.50 3.50 8.70 22.00 6.64 Jan 6.84 30.00 0.50 3.50 8.70 22.00 6.64 European Union 5/ Dec 10.77 152.50 6.00 57.00 128.75 28.50 12.02 Jan 10.77 151.60 6.00 57.00 128.75 27.00 12.62 Major Importers 6/ Dec 152.08 202.00 95.78 30.48 276.89 6.46 166.51 Jan 152.20 202.80 95.48 30.78 277.11 6.46 166.90 Brazil Dec 2.18 4.25 8.00 0.50 12.10 0.80 1.53 Jan 2.18 4.25 8.00 0.50 12.10 0.80 1.53 China Dec 111.05 130.00 3.50 13.00 116.00 0.80 127.75 Jan 111.05 130.00 4.00 13.00 116.00 0.80 128.25 Sel. Mideast 7/ Dec 13.03 19.42 18.70 5.22 40.47 0.84 9.84 Jan 13.03 19.42 18.40 5.31 40.50 0.84 9.51 N. Africa 8/ Dec 13.92 18.15 28.35 2.18 45.08 0.69 14.66 Jan 13.92 18.15 27.85 2.18 45.08 0.69 14.16 Pakistan Dec 4.33 25.70 0.03 0.80 24.80 0.60 4.66 Jan 4.33 26.50 0.03 1.00 25.00 0.60 5.26 Southeast Asia 9/ Dec 5.61 0.00 26.00 7.79 24.34 1.07 6.20 Jan 5.61 0.00 26.00 7.79 24.34 1.07 6.20 Selected Other India Dec 9.80 98.38 3.00 5.00 100.00 0.50 10.68 Jan 9.80 98.38 2.50 5.00 100.00 0.50 10.18 FSU-12 Dec 21.11 139.27 7.96 31.50 82.99 59.04 26.32 Jan 21.11 141.27 7.96 32.50 83.99 60.54 25.82 Russia Dec 10.83 83.00 0.50 20.50 44.00 33.50 16.83 Jan 10.83 85.00 0.50 21.50 45.00 35.00 16.33 Kazakhstan Dec 3.36 14.00 0.05 2.10 6.90 7.50 3.01 Jan 3.36 14.00 0.05 2.10 6.90 7.50 3.01 Ukraine Dec 1.78 26.50 0.03 3.40 9.80 17.00 1.51 Jan 1.78 26.50 0.03 3.40 9.80 17.00 1.51 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. January 2018 WASDE - 573 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 247.17 1,260.26 181.15 767.15 1,254.95 163.46 252.48 United States 46.95 367.01 3.94 135.37 312.60 57.18 48.11 Total Foreign 200.22 893.25 177.22 631.78 942.36 106.28 204.37 Major Exporters 4/ 20.12 153.93 7.90 83.39 112.69 51.63 17.63 Argentina 4.27 38.44 0.00 9.36 14.32 25.22 3.18 Australia 1.53 12.54 0.00 3.96 5.64 6.94 1.50 Brazil 8.24 68.65 3.97 50.47 59.82 14.03 7.01 Canada 3.33 25.62 1.55 13.81 21.25 4.61 4.64 Major Importers 5/ 49.13 246.12 123.97 271.75 353.48 15.71 50.03 European Union 6/ 18.89 152.67 14.26 117.08 157.25 13.11 15.45 Japan 1.77 0.18 17.07 13.29 17.26 0.00 1.76 Mexico 4.83 32.38 14.95 26.72 44.72 1.56 5.89 N. Afr & Mideast 7/ 14.49 32.77 32.75 55.96 64.31 0.11 15.59 Saudi Arabia 3.36 0.36 14.79 13.60 14.11 0.00 4.41 Southeast Asia 8/ 3.66 27.51 15.17 33.06 41.07 0.93 4.33 South Korea 1.89 0.19 10.19 7.83 10.32 0.00 1.95 Selected Other China 101.92 231.40 17.50 166.44 238.74 0.03 112.05 FSU-12 7.92 82.55 0.54 38.26 53.43 31.33 6.25 Russia 2.82 37.43 0.13 20.32 29.72 9.00 1.66 Ukraine 3.29 33.39 0.05 8.74 12.37 21.19 3.17 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 252.48 1,366.06 172.70 799.66 1,356.77 201.63 261.77 United States 48.11 402.61 3.43 144.60 327.48 64.50 62.17 Total Foreign 204.37 963.45 169.27 655.06 1,029.29 137.13 199.61 Major Exporters 4/ 17.63 210.59 2.65 89.84 121.99 80.97 27.91 Argentina 3.18 48.57 0.00 11.07 16.34 28.46 6.95 Australia 1.50 16.62 0.00 4.29 6.16 10.17 1.78 Brazil 7.01 101.58 1.49 53.45 64.03 35.01 11.04 Canada 4.64 25.79 0.94 13.80 21.65 4.81 4.91 Major Importers 5/ 50.03 242.32 120.94 276.35 358.56 11.04 43.69 European Union 6/ 15.45 152.59 15.83 120.07 160.69 8.07 15.11 Japan 1.76 0.17 17.00 13.25 17.25 0.00 1.69 Mexico 5.89 33.32 15.24 28.00 46.90 1.54 6.01 N. Afr & Mideast 7/ 15.59 26.21 34.29 55.51 63.33 0.16 12.60 Saudi Arabia 4.41 0.36 11.52 13.22 13.73 0.00 2.56 Southeast Asia 8/ 4.33 29.40 13.50 34.96 42.77 1.27 3.18 South Korea 1.95 0.20 9.29 7.24 9.59 0.00 1.85 Selected Other China 112.05 227.44 16.06 174.28 252.94 0.11 102.49 FSU-12 6.25 92.19 0.76 40.55 55.91 36.58 6.70 Russia 1.66 40.77 0.28 22.48 32.13 8.56 2.02 Ukraine 3.17 39.26 0.04 9.06 12.52 26.90 3.04 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. January 2018 WASDE - 573 - 21 World Coarse G rain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Dec 262.40 1,323.92 182.85 817.12 1,354.07 188.51 232.24 Jan 261.77 1,324.22 183.55 815.32 1,352.23 188.91 233.77 United States Dec 62.21 383.37 3.58 145.57 329.28 55.65 64.23 Jan 62.17 384.26 3.58 145.07 329.03 55.65 65.33 Total Foreign Dec 200.19 940.54 179.28 671.54 1,024.79 132.87 168.01 Jan 199.61 939.97 179.98 670.25 1,023.20 133.27 168.44 Major Exporters 4/ Dec 27.10 197.45 2.23 91.18 123.43 78.61 24.75 Jan 27.91 197.55 2.23 90.87 123.12 78.81 25.77 Argentina Dec 6.91 49.00 0.01 11.72 17.38 31.21 7.33 Jan 6.95 49.10 0.01 11.72 17.38 31.31 7.37 Australia Dec 2.01 11.50 0.00 3.64 5.51 6.93 1.07 Jan 1.78 11.50 0.00 3.34 5.21 7.03 1.05 Brazil Dec 10.04 97.79 0.85 54.44 64.89 34.02 9.77 Jan 11.04 97.79 0.85 54.44 64.89 34.02 10.77 Canada Dec 4.91 26.21 1.06 15.49 23.25 4.75 4.18 Jan 4.91 26.21 1.06 15.49 23.25 4.75 4.18 Major Importers 5/ Dec 45.36 243.25 130.69 284.91 367.33 10.78 41.18 Jan 43.69 242.68 131.19 283.81 366.23 10.88 40.44 European Union 6/ Dec 15.12 150.80 16.71 119.48 160.10 8.51 14.01 Jan 15.11 150.80 16.71 119.48 160.10 8.51 14.01 Japan Dec 1.69 0.19 16.72 13.07 17.06 0.00 1.53 Jan 1.69 0.19 16.72 13.07 17.06 0.00 1.53 Mexico Dec 6.01 31.63 16.90 29.22 48.19 1.30 5.05 Jan 6.01 31.63 16.90 29.22 48.19 1.30 5.05 N. Afr & Mideast 7/ Dec 12.61 29.99 38.87 60.91 68.91 0.25 12.31 Jan 12.60 29.99 38.77 60.31 68.31 0.25 12.81 Saudi Arabia Dec 4.26 0.36 13.01 14.05 14.61 0.00 3.02 Jan 2.56 0.36 13.01 13.55 14.11 0.00 1.82 Southeast Asia 8/ Dec 3.14 30.01 14.12 36.16 43.76 0.73 2.77 Jan 3.18 29.44 14.72 36.16 43.76 0.83 2.75 South Korea Dec 1.85 0.20 9.77 7.54 10.01 0.00 1.82 Jan 1.85 0.20 9.77 7.54 10.01 0.00 1.82 Selected Other China Dec 102.49 223.93 16.00 178.85 261.38 0.08 80.97 Jan 102.49 223.93 16.10 178.95 261.48 0.08 80.96 FSU-12 Dec 6.70 89.85 0.72 40.38 55.52 36.27 5.48 Jan 6.70 89.54 0.72 40.30 55.44 36.37 5.16 Russia Dec 2.02 42.30 0.11 22.95 32.60 9.86 1.97 Jan 2.02 42.00 0.11 23.07 32.72 9.66 1.75 Ukraine Dec 3.04 34.99 0.03 7.24 10.51 25.41 2.15 Jan 3.04 34.99 0.03 7.04 10.31 25.61 2.15 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, a nd mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in tran sit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-tra de. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. January 2018 WASDE - 573 - 22 World Corn Supply and Use 1/ (Million Metr ic Tons) 2015/16 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 209.74 973.45 139.25 601.78 968.23 119.74 214.96 United States 43.97 345.51 1.72 129.91 298.79 48.29 44.12 Total Foreign 165.77 627.95 137.54 471.87 669.45 71.45 170.84 Major Exporters 4/ 13.19 104.71 5.67 60.70 77.77 36.48 9.32 Argentina 2.90 29.50 0.00 6.00 9.30 21.64 1.46 Brazil 7.84 67.00 3.42 49.00 57.50 14.00 6.77 South Africa 2.45 8.21 2.24 5.70 10.97 0.84 1.10 Major Importers 5/ 23.17 118.33 81.66 144.80 196.29 4.44 22.42 Egypt 2.36 6.00 8.72 12.45 14.85 0.01 2.22 European Union 6/ 9.63 58.75 13.79 55.50 73.50 1.95 6.72 Japan 1.35 0.00 15.20 11.60 15.20 0.00 1.35 Mexico 4.09 25.97 14.01 20.30 37.30 1.56 5.21 Southeast Asia 7/ 3.65 27.46 15.15 33.00 41.00 0.93 4.33 South Korea 1.86 0.08 10.12 7.80 10.12 0.00 1.94 Selected Other 0.00 Canada 1.40 13.56 1.37 7.10 12.38 1.74 2.21 China 100.47 224.63 3.17 153.50 217.50 0.00 110.77 FSU-12 3.16 39.87 0.38 16.62 19.33 21.49 2.59 Ukraine 1.52 23.33 0.03 5.50 6.90 16.60 1.39 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 214.96 1,075.99 135.62 631.93 1,062.20 163.10 228.75 United States 44.12 384.78 1.45 138.87 313.86 58.24 58.25 Total Foreign 170.84 691.21 134.17 493.07 748.35 104.86 170.50 Major Exporters 4/ 9.32 156.98 0.85 65.63 84.83 63.00 19.33 Argentina 1.46 41.00 0.00 7.50 11.20 25.50 5.76 Brazil 6.77 98.50 0.80 51.00 60.50 35.00 10.57 South Africa 1.10 17.48 0.05 7.13 13.13 2.50 3.00 Major Importers 5/ 22.42 124.52 80.62 147.96 200.71 4.99 21.86 Egypt 2.22 6.00 8.77 12.70 15.10 0.01 1.89 European Union 6/ 6.72 61.45 15.24 55.00 73.70 2.17 7.54 Japan 1.35 0.00 15.17 11.60 15.20 0.00 1.32 Mexico 5.21 27.57 14.57 22.50 40.40 1.54 5.41 Southeast Asia 7/ 4.33 29.35 13.48 34.90 42.70 1.27 3.18 South Korea 1.94 0.08 9.23 7.21 9.41 0.00 1.83 Selected Other 0.00 Canada 2.21 13.19 0.85 7.10 12.70 1.52 2.04 China 110.77 219.55 2.46 162.00 232.00 0.08 100.71 FSU-12 2.59 47.30 0.35 17.20 19.98 27.15 3.11 Ukraine 1.39 28.00 0.03 5.10 6.50 21.33 1.58 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differenc es in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexi co, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra- trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. January 2018 WASDE - 573 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Dec 227.34 1,044.75 146.48 652.40 1,068.01 151.61 204.08 Jan 228.75 1,044.56 146.08 650.57 1,066.73 151.51 206.57 United States Dec 58.30 370.29 1.27 141.61 319.04 48.90 61.92 Jan 58.25 370.96 1.27 140.98 318.66 48.90 62.93 Total Foreign Dec 169.04 674.47 145.21 510.79 748.97 102.72 142.16 Jan 170.50 673.60 144.81 509.59 748.07 102.62 143.65 Major Expor ters 4/ Dec 18.33 149.50 0.41 66.30 85.70 64.70 17.83 Jan 19.33 149.50 0.41 66.30 85.70 64.70 18.83 Argentina Dec 5.76 42.00 0.01 8.50 12.50 29.00 6.27 Jan 5.76 42.00 0.01 8.50 12.50 29.00 6.27 Brazil Dec 9.57 95.00 0.30 52.00 61.50 34.00 9.37 Jan 10.57 95.00 0.30 52.00 61.50 34.00 10.37 South Africa Dec 3.00 12.50 0.10 5.80 11.70 1.70 2.20 Jan 3.00 12.50 0.10 5.80 11.70 1.70 2.20 Major Importers 5/ Dec 21.82 122.41 85.80 153.25 206.20 4.03 19.80 Jan 21.86 121.84 86.40 153.25 206.20 4.13 19.77 Egypt Dec 1.89 6.00 10.00 13.40 15.90 0.01 1.98 Jan 1.89 6.00 10.00 13.40 15.90 0.01 1.98 European Union 6/ Dec 7.55 60.09 16.00 56.00 74.80 2.00 6.84 Jan 7.54 60.09 16.00 56.00 74.80 2.00 6.83 Japan Dec 1.32 0.00 15.00 11.50 15.10 0.00 1.22 Jan 1.32 0.00 15.00 11.50 15.10 0.00 1.22 Mexico Dec 5.41 26.20 16.50 24.30 42.30 1.30 4.51 Jan 5.41 26.20 16.50 24.30 42.30 1.30 4.51 Southeast Asia 7/ Dec 3.14 29.96 14.10 36.10 43.70 0.72 2.77 Jan 3.18 29.39 14.70 36.10 43.70 0.82 2.75 South Korea Dec 1.83 0.08 9.70 7.50 9.80 0.00 1.81 Jan 1.83 0.08 9.70 7.50 9.80 0.00 1.81 Selected Other Canada Dec 2.04 14.10 1.00 8.40 14.00 1.30 1.84 Jan 2.04 14.10 1.00 8.40 14.00 1.30 1.84 China Dec 100.72 215.89 3.00 166.00 240.00 0.05 79.56 Jan 100.71 215.89 3.00 166.00 240.00 0.05 79.55 FSU-12 Dec 3.11 43.25 0.45 15.98 18.66 25.76 2.38 Jan 3.11 42.75 0.45 15.68 18.36 25.56 2.38 Ukraine Dec 1.58 25.00 0.03 3.80 5.10 20.50 1.01 Jan 1.58 25.00 0.03 3.80 5.10 20.50 1.01 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World i mports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southea st Asia. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. January 2018 WASDE - 573 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 127.78 472.96 38.34 468.11 40.34 132.63 United States 1.55 6.13 0.77 3.58 3.40 1.48 Total Foreign 126.23 466.83 37.57 464.54 36.95 131.16 Major Exporters 4/ 31.54 154.59 0.61 127.97 29.40 29.38 India 17.80 104.41 0.00 93.57 10.24 18.40 Pakistan 1.21 6.80 0.01 2.80 4.20 1.02 Thailand 11.27 15.80 0.30 9.10 9.87 8.40 Vietnam 1.26 27.58 0.30 22.50 5.09 1.56 Major Importers 5/ 11.80 63.28 12.24 76.66 0.84 9.82 Brazil 0.64 7.21 0.90 7.90 0.55 0.31 European Union 6/ 1.15 2.05 1.80 3.55 0.27 1.18 Indonesia 4.11 36.20 1.00 37.80 0.00 3.51 Nigeria 1.77 3.53 2.10 6.00 0.00 1.40 Philippine s 2.41 11.00 1.60 12.90 0.00 2.11 Sel. Mideast 7/ 1.23 1.89 3.25 5.58 0.00 0.80 Selected Other 0.00 Burma 0.75 12.16 0.03 10.40 1.30 1.24 C. Amer & Carib 8/ 0.44 1.49 1.91 3.31 0.04 0.50 China 69.00 145.77 4.80 140.80 0.27 78.50 Egypt 0.92 4.00 0.10 3.90 0.20 0.92 Japan 2.82 7.67 0.71 8.60 0.05 2.55 Mexico 0.17 0.16 0.69 0.89 0.00 0.13 South Korea 1.41 4.33 0.31 4.21 0.00 1.83 2016/17 Est. Beginning Sto c ks Production Imports Total /2 Dom estic Exports Ending Sto c ks World 3/ 132.63 487.08 41.31 481.60 46.01 138.11 United States 1.48 7.12 0.75 4.17 3.70 1.46 Total Foreign 131.16 479.96 40.56 477.43 42.30 136.65 Major Exporters 4/ 29.38 163.60 0.76 133.73 32.47 27.54 India 18.40 110.15 0.00 96.78 11.22 20.55 Pakistan 1.02 6.85 0.01 3.10 3.60 1.18 Thailand 8.40 19.20 0.25 11.75 11.25 4.85 Vietnam 1.56 27.40 0.50 22.10 6.40 0.96 Major Importers 5/ 9.82 66.23 12.13 77.27 1.02 9.89 Brazil 0.31 8.38 0.70 8.10 0.65 0.64 European Union 6/ 1.18 2.07 1.83 3.65 0.32 1.12 Indonesia 3.51 37.15 0.30 37.50 0.02 3.44 Nigeria 1.40 3.65 2.50 6.20 0.00 1.35 Philippines 2.11 11.69 1.10 12.90 0.00 2.00 Sel. Mideast 7/ 0.80 1.96 4.05 5.78 0.00 1.03 Selected Other 0.00 Burma 1.24 12.65 0.01 10.20 3.10 0.60 C. Amer & Carib 8/ 0.50 1.58 1.83 3.41 0.03 0.46 China 78.50 144.95 5.30 141.45 0.81 86.50 Egypt 0.92 4.80 0.15 4.30 0.10 1.47 Japan 2.55 7.78 0.69 8.50 0.06 2.46 Mexico 0.13 0.18 0.87 0.92 0.09 0.17 South Korea 1.83 4.20 0.40 4.73 0.00 1.70 1/ Aggregate of local marketing years. 2/ Total f oreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU -28. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. January 2018 WASDE - 573 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Endin g Stocks World 3/ Dec 138.01 483.47 43.85 480.76 45.32 140.73 Jan 138.11 484.71 44.57 481.75 45.82 141.08 United States Dec 1.46 5.66 0.78 3.65 3.27 0.98 Jan 1.46 5.66 0.79 3.81 3.18 0.93 Total Foreign Dec 136.55 477.81 43.07 477.10 42.05 139.74 Jan 136.65 479.05 43.78 477.94 42.65 140.15 Major Exporters 4/ Dec 27.69 163.25 0.55 134.80 32.10 24.59 Jan 27.54 163.55 0.65 134.85 32.50 24.39 India Dec 20.55 107.50 0.00 98.00 11.60 18.45 Jan 20.55 107.50 0.00 97.75 12.00 18.30 Pakistan Dec 1.28 6.90 0.00 3.20 3.80 1.18 Jan 1.18 7.20 0.00 3.30 3.80 1.28 Thailand Dec 4.85 20.40 0.25 11.50 10.20 3.80 Jan 4.85 20.40 0.25 11.50 10.20 3.80 Vietnam Dec 1.01 28.45 0.30 22.10 6.50 1.16 Jan 0.96 28.45 0.40 22.30 6.50 1.01 Major Importers 5/ Dec 9.89 65.15 12.52 77.30 0.93 9.33 Jan 9.89 65.92 12.42 77.50 0.93 9.80 Brazil Dec 0.64 7.82 0.63 7.95 0.60 0.54 Jan 0.64 7.82 0.63 7.95 0.60 0.54 European Union 6/ Dec 1.12 2.09 1.90 3.75 0.28 1.08 Jan 1.12 2.09 1.90 3.75 0.28 1.08 Indonesia Dec 3.44 37.00 0.30 37.30 0.02 3.42 Jan 3.44 37.00 0.30 37.30 0.02 3.42 Nigeria Dec 1.35 3.65 2.30 6.20 0.00 1.11 Jan 1.35 3.65 2.60 6.40 0.00 1.21 Philippines Dec 2.00 11.20 1.70 12.90 0.00 2.00 Jan 2.00 11.97 1.30 12.90 0.00 2.37 Sel. Mideast 7/ Dec 1.03 1.96 3.85 5.95 0.00 0.88 Jan 1.03 1.96 3.85 5.95 0.00 0.88 Selected Other Burma Dec 0.60 12.95 0.01 10.20 3.00 0.36 Jan 0.60 12.95 0.01 10.20 3.00 0.36 C. Amer & Carib 8/ Dec 0.49 1.65 1.87 3.55 0.03 0.44 Jan 0.46 1.62 1.90 3.53 0.03 0.42 China Dec 86.50 146.00 5.25 142.15 1.10 94.50 Jan 86.50 146.00 5.25 142.45 1.30 94.00 Egypt Dec 1.47 4.30 0.05 4.40 0.10 1.32 Jan 1.47 4.30 0.05 4.40 0.10 1.32 Japan Dec 2.46 7.60 0.69 8.45 0.06 2.24 Jan 2.46 7.60 0.69 8.45 0.06 2.24 Mexico Dec 0.17 0.19 0.85 0.92 0.09 0.20 Jan 0.17 0.19 0.85 0.92 0.09 0.20 South Korea Dec 1.70 3.97 0.41 4.80 0.00 1.28 Jan 1.70 3.97 0.41 4.80 0.00 1.28 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unrep orted disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Ph ilippines, selected Middle East, and the EU -28. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. January 2018 WASDE - 573 - 26 World Cotton Supply and Use 1/ (Million 480 -Poun d Bales) 2015/16 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 111.15 96.15 35.42 112.26 35.13 -0.02 95.35 United States 3.65 12.89 0.03 3.45 9.15 0.17 3.80 Total Foreign 107.50 83.26 35.39 108.8 1 25.98 -0.19 91.55 Major Exporters 4/ 29.72 46.56 1.77 32.48 22.81 -0.28 23.05 Central Asia 5/ 3.01 5.97 3/ 2.63 4.26 0.00 2.09 Afr. Fr. Zone 6/ 2.15 4.20 3/ 0.13 4.87 0.00 1.34 S. Hemis 7/ 10.80 9.98 0.25 4.22 7.67 -0.29 9.43 Australia 1.82 2.85 3/ 0.04 2.83 -0.15 1.96 Brazil 7.53 5.90 0.09 3.10 4.31 -0.15 6.26 India 13.49 25.90 1.07 24.75 5.76 0.00 9.94 Major Importers 8/ 75.89 34.00 31.30 72.20 2.07 0.09 66.83 Mexico 0.69 0.94 0.98 1.85 0.13 0.03 0.61 China 66.92 22.00 4.41 35.00 0.13 0.00 58.20 European Union 9/ 0.34 1.28 0.80 0.81 1.31 0.00 0.30 Turkey 1.60 2.65 4.22 6.70 0.23 0.00 1.53 Pakistan 2.89 7.00 3.30 10.30 0.25 0.03 2.62 Indon esia 0.60 0.01 2.94 3.00 0.02 0.00 0.53 Thailand 0.22 3/ 1.28 1.27 0.00 0.03 0.20 Bangladesh 1.33 0.12 6.40 6.30 0.00 0.01 1.54 Vietnam 0.68 3/ 4.50 4.40 0.00 0.00 0.78 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Use Exports Loss /2 Ending Sto c ks World 95.35 106.56 37.62 114.77 37.24 -0.12 87.64 United States 3.80 17.17 0.01 3.25 14.92 0.06 2.75 Total Foreign 91.55 89.39 37.61 111.52 22.33 -0.18 84.89 Major Exporters 4/ 23.05 50.75 3.63 31.97 19.20 -0.27 26.54 Central Asia 5/ 2.09 5.99 3/ 2.89 2.79 0.00 2.39 Afr. Fr. Zone 6/ 1.34 5.09 3/ 0.13 4.52 0.01 1.77 S. Hemis 7/ 9.43 12.31 0.37 4.29 7.07 -0.30 11.05 Australia 1.96 4.05 3/ 0.04 3.73 -0.15 2.39 Brazil 6.26 7.00 0.19 3.20 2.79 -0.15 7.61 India 9.94 27.00 2.74 24.00 4.55 0.00 11.13 Major Importers 8/ 66.83 35.86 31.78 75.57 2.04 0.09 56.78 Mexico 0.61 0.76 1.00 1.75 0.15 0.03 0.44 China 58.20 22.75 5.03 37.50 0.06 0.00 48.42 European Union 9/ 0.30 1.31 0.70 0.72 1.33 0.00 0.27 Turkey 1.53 3.20 3.68 6.50 0.33 0.00 1.58 Pakistan 2.62 7.70 2.40 10.30 0.13 0.03 2.27 Indonesia 0.53 0.01 3.39 3.30 0.01 0.00 0.62 Thailand 0.20 3/ 1.23 1.20 0.00 0.03 0.20 Bangladesh 1.54 0.13 6.70 6.70 0.00 0.01 1.66 Vietnam 0.78 3/ 5.50 5.40 0.00 0.00 0.88 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding an d other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, C ote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Incl udes intra -EU trade. January 2018 WASDE - 573 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2017/18 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Dec 87.65 119.96 38.48 119.59 38.46 0.06 88.00 Jan 87.64 120.97 38.37 120.83 38.38 -0.02 87.79 United States Dec 2.75 21.44 0.01 3.35 14.80 0.25 5.80 Jan 2.75 21.26 0.01 3.35 14.80 0.17 5.70 Total Foreign Dec 84.90 98.52 38.47 116.24 23.66 -0.20 82.20 Jan 84.89 99.70 38.36 117.48 23.58 -0.20 82.09 filler filler filler filler filler filler filler Major Exporters 4/ Dec 26.56 55.35 2.40 33.22 20.30 -0.29 31.07 Jan 26.54 55.11 2.40 33.20 20.21 -0.29 30.93 Central Asia 5/ Dec 2.39 6.30 3/ 3.22 2.49 0.00 2.98 Jan 2.39 6.32 3/ 3.23 2.50 0.00 2.98 Afr. Fr. Zone 6/ Dec 1.78 5.10 3/ 0.13 4.46 0.00 2.30 Jan 1.77 5.14 3/ 0.13 4.36 0.00 2.42 S. Hemis 7/ Dec 11.05 14.00 0.30 4.48 8.78 -0.30 12.38 Jan 11.05 13.90 0.30 4.45 8.78 -0.30 12.31 Australia Dec 2.39 4.70 3/ 0.04 4.30 -0.15 2.91 Jan 2.39 4.60 3/ 0.04 4.30 -0.15 2.81 Brazil Dec 7.61 7.80 0.13 3.40 4.00 -0.15 8.28 Jan 7.61 7.80 0.13 3.40 4.10 -0.15 8.18 India Dec 11.13 29.50 1.60 24.75 4.30 0.00 13.18 Jan 11.13 29.30 1.60 24.75 4.30 0.00 12.98 filler filler filler filler filler filler filler Major Importers 8/ Dec 56.78 40.35 33.64 78.99 2.35 0.09 49.35 Jan 56.78 41.79 33.52 80.25 2.37 0.09 49.39 Mexico Dec 0.44 1.50 0.80 1.80 0.28 0.03 0.64 Jan 0.44 1.54 0.83 1.85 0.30 0.03 0.63 China Dec 48.42 25.00 5.30 39.00 0.05 0.00 39.67 Jan 48.42 26.40 5.00 40.00 0.05 0.00 39.77 European Union 9/ Dec 0.27 1.52 0.71 0.74 1.41 0.00 0.36 Jan 0.27 1.52 0.71 0.74 1.41 0.00 0.36 Turkey Dec 1.58 4.00 3.50 7.00 0.30 0.00 1.78 Jan 1.58 4.00 3.50 7.00 0.30 0.00 1.78 Pakistan Dec 2.27 8.20 2.70 10.40 0.30 0.03 2.44 Jan 2.27 8.20 2.70 10.40 0.30 0.03 2.44 Indonesia Dec 0.62 3/ 3.45 3.40 0.01 0.00 0.67 Jan 0.62 3/ 3.50 3.45 0.01 0.00 0.67 Thailand Dec 0.20 3/ 1.25 1.20 0.00 0.03 0.23 Jan 0.20 3/ 1.25 1.20 0.00 0.03 0.23 Bangladesh Dec 1.66 0.13 7.25 7.20 0.00 0.01 1.82 Jan 1.66 0.13 7.25 7.20 0.00 0.01 1.82 Vietnam Dec 0.88 3/ 6.50 6.10 0.00 0.00 1.29 Jan 0.88 3/ 6.60 6.25 0.00 0.00 1.24 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects co tton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3 / Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. January 201 8 WASDE - 573 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 77.73 313.77 133.33 275.31 314.25 132.55 78.02 United States 5.19 106.86 0.64 51.34 54.47 52.86 5.35 Total Foreign 72.55 206.91 132.69 223.97 259.78 79.69 72.67 Major Exporters 3/ 50.72 164.73 1.12 86.89 94.75 71.88 49.94 Argentina 31.70 56.80 0.68 43.27 47.55 9.92 31.70 Brazil 18.93 96.50 0.41 39.75 43.25 54.38 18.20 Paraguay 0.07 9.22 0.01 3.80 3.86 5.40 0.03 Major Importers 4/ 18.85 15.48 113.50 106.83 127.77 0.32 19.73 China 17.01 11.79 83.23 81.50 95.00 0.11 16.91 European Union 0.84 2.32 15.12 14.95 16.58 0.14 1.56 Japan 0.21 0.24 3.19 2.28 3.38 0.00 0.26 Mexico 0.11 0.34 4.13 4.40 4.43 0.00 0.15 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ 78.02 351.32 144.22 288.31 329.81 147.27 96.49 United States 5.35 116.92 0.61 51.68 55.51 59.16 8.21 Total Foreign 72.67 234.40 143.61 236.63 274.29 88.11 88.28 Major Exporters 3/ 49.94 185.78 1.96 88.05 96.21 79.23 62.23 Argentina 31.70 57.80 1.67 43.30 47.73 7.03 36.42 Brazil 18.20 114.10 0.25 40.90 44.55 63.14 24.86 Paraguay 0.03 10.67 0.01 3.65 3.72 6.17 0.82 Major Importers 4/ 19.73 16.80 122.48 113.21 135.89 0.39 22.73 China 16.91 12.90 93.50 88.00 102.80 0.11 20.39 European Union 1.56 2.38 13.38 14.40 16.04 0.22 1.06 Japan 0.26 0.24 3.18 2.39 3.45 0.00 0.21 Mexico 0.15 0.51 4.13 4.60 4.64 0.00 0.15 2017/18 Proj. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ Dec 96.62 348.47 150.41 301.57 344.72 152.45 98.32 Jan 96.49 348.57 150.17 301.45 344.47 152.19 98.57 United States Dec 8.20 120.44 0.68 52.80 56.64 60.56 12.12 Jan 8.21 119.52 0.68 53.07 56.83 58.79 12.79 Total Foreign Dec 88.42 228.03 149.73 248.77 288.08 91.90 86.20 Jan 88.28 229.05 149.49 248.38 287.64 93.40 85.78 Major Exporters 3/ Dec 62.23 176.92 1.93 90.74 99.15 82.40 59.54 Jan 62.23 177.92 1.93 90.74 99.15 83.90 59.04 Argentina Dec 36.42 57.00 1.70 44.84 49.45 8.50 37.17 Jan 36.42 56.00 1.70 44.84 49.45 8.50 36.17 Brazil Dec 24.86 108.00 0.20 42.00 45.70 65.50 21.86 Jan 24.86 110.00 0.20 42.00 45.70 67.00 22.36 Paraguay Dec 0.82 9.40 0.01 3.70 3.78 6.00 0.45 Jan 0.82 9.40 0.01 3.70 3.78 6.00 0.45 Major Importers 4/ Dec 22.79 18.18 127.25 120.68 144.56 0.40 23.26 Jan 22.73 18.20 127.25 120.68 144.56 0.40 23.23 China Dec 20.39 14.20 97.00 95.00 110.80 0.15 20.64 Jan 20.39 14.20 97.00 95.00 110.80 0.15 20.64 European Union Dec 1.06 2.48 14.00 14.50 16.15 0.20 1.19 Jan 1.06 2.50 14.00 14.50 16.15 0.20 1.21 Japan Dec 0.21 0.26 3.30 2.35 3.51 0.00 0.26 Jan 0.21 0.26 3.30 2.35 3.51 0.00 0.26 Mexico Dec 0.15 0.48 4.30 4.72 4.76 0.00 0.17 Jan 0.15 0.48 4.30 4.72 4.76 0.00 0.17 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philip pines, Vietnam, and Thailand). January 2018 WASDE - 573 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.70 216.11 61.86 213.42 65.42 12.83 United States 0.24 40.53 0.37 30.04 10.84 0.24 Total Foreign 13.47 175.59 61.49 183.38 54.58 12.59 Major Exporters 3/ 8.39 68.52 0.07 23.57 46.15 7.26 Argentina 4.03 33.21 0.00 2.67 30.33 4.23 Brazil 3.81 30.75 0.03 16.27 15.41 2.91 India 0.55 4.56 0.05 4.63 0.41 0.12 Major Importers 4/ 1.96 16.43 36.57 52.54 0.51 1.89 European Union 0.66 11.81 19.21 30.89 0.30 0.48 Southeast Asia 5/ 1.24 2.89 15.64 18.20 0.21 1.36 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 12.83 226.29 59.90 222.00 64.63 12.38 United States 0.24 40.58 0.32 30.25 10.52 0.36 Total Foreign 12.59 185.71 59.58 191.75 54.11 12.02 Major Exporters 3/ 7.26 72.30 0.05 24.70 47.09 7.81 Argentina 4.23 33.28 0.00 2.85 31.32 3.33 Brazil 2.91 31.66 0.04 16.84 13.76 4.00 India 0.12 7.36 0.01 5.01 2.00 0.48 Major Importers 4/ 1.89 16.17 36.09 52.34 0.55 1.26 European Union 0.48 11.38 18.89 30.24 0.33 0.17 Southeast Asia 5/ 1.36 2.98 15.59 18.68 0.21 1.05 2017/18 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Dec 12.52 236.97 63.86 233.79 67.25 12.30 Jan 12.38 236.73 63.47 233.12 67.18 12.28 United States Dec 0.36 41.82 0.27 31.12 11.07 0.27 Jan 0.36 41.82 0.27 31.12 11.07 0.27 Total Foreign Dec 12.15 195.15 63.59 202.68 56.19 12.03 Jan 12.02 194.91 63.20 202.00 56.11 12.01 Major Exporters 3/ Dec 7.81 74.12 0.04 25.99 48.25 7.74 Jan 7.81 74.12 0.04 25.99 48.25 7.74 Argentina Dec 3.33 34.42 0.00 3.06 31.20 3.50 Jan 3.33 34.42 0.00 3.06 31.20 3.50 Brazil Dec 4.00 32.50 0.03 17.48 15.25 3.80 Jan 4.00 32.50 0.03 17.48 15.25 3.80 India Dec 0.48 7.20 0.01 5.45 1.80 0.44 Jan 0.48 7.20 0.01 5.45 1.80 0.44 Major Importers 4/ Dec 1.41 16.45 37.68 53.47 0.53 1.54 Jan 1.26 16.45 37.58 53.37 0.50 1.42 European Union Dec 0.20 11.46 19.20 30.34 0.30 0.21 Jan 0.17 11.46 19.20 30.34 0.30 0.18 Southeast Asia 5/ Dec 1.17 3.22 16.73 19.61 0.23 1.28 Jan 1.05 3.22 16.63 19.51 0.20 1.19 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Japan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. January 2018 WASDE - 573 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2015/16 Beginnin g Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 4.27 51.57 11.63 52.19 11.71 3.57 United States 0.84 9.96 0.13 9.15 1.02 0.77 Total Foreign 3.43 41.61 11.50 43.04 10.69 2.81 Major Exporters 3/ 0.95 18.90 0.39 11.41 8.16 0.67 Argentina 0.37 8.43 0.00 2.83 5.70 0.27 Brazil 0.38 7.63 0.07 6.29 1.55 0.24 European Union 0.20 2.84 0.33 2.29 0.92 0.16 Major Importers 4/ 1.57 15.95 6.85 22.99 0.17 1.21 China 0.78 14.61 0.59 15.35 0.10 0.52 India 0.52 1.03 4.27 5.30 0.00 0.51 North Africa 5/ 0.27 0.32 2.00 2.34 0.07 0.18 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 3.57 53.90 10.93 53.81 11.34 3.25 United Sta tes 0.77 10.02 0.15 9.00 1.16 0.78 Total Foreign 2.81 43.88 10.78 44.81 10.18 2.47 Major Exporters 3/ 0.67 18.98 0.35 11.77 7.47 0.76 Argentina 0.27 8.40 0.00 2.97 5.39 0.31 Brazil 0.24 7.85 0.06 6.59 1.24 0.32 European Un ion 0.16 2.74 0.29 2.21 0.84 0.14 Major Importers 4/ 1.21 17.93 5.81 23.80 0.21 0.94 China 0.52 15.77 0.71 16.35 0.12 0.54 India 0.51 1.66 3.53 5.40 0.00 0.30 North Africa 5/ 0.18 0.50 1.56 2.05 0.09 0.11 2017/1 8 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Dec 3.28 56.20 11.49 56.01 11.70 3.26 Jan 3.25 56.15 11.20 56.10 11.37 3.13 United States Dec 0.78 10.21 0.14 9.53 0.86 0.73 Jan 0.78 10.22 0.14 9.57 0.86 0.70 Total Foreign Dec 2.51 46.00 11.35 46.48 10.84 2.53 Jan 2.47 45.93 11.06 46.53 10.50 2.43 Major Exporters 3/ Dec 0.76 19.45 0.31 11.60 8.17 0.75 Jan 0.76 19.45 0.31 11.90 7.87 0.75 Argentina Dec 0.31 8.63 0.00 2.75 5.90 0.29 Jan 0.31 8.63 0.00 3.05 5.60 0.29 Brazil Dec 0.32 8.06 0.06 6.70 1.45 0.29 Jan 0.32 8.06 0.06 6.70 1.45 0.29 European Union Dec 0.14 2.76 0.25 2.16 0.82 0.17 Jan 0.14 2.76 0.25 2.16 0.82 0.17 Major Importers 4/ Dec 0.97 19.27 6.37 25.34 0.17 1.10 Jan 0.94 19.21 6.06 25.04 0.18 1.00 China Dec 0.54 17.02 0.50 17.40 0.10 0.56 Jan 0.54 17.02 0.50 17.40 0.10 0.56 India Dec 0.30 1.62 4.10 5.60 0.00 0.42 Jan 0.30 1.62 3.80 5.40 0.00 0.32 North Africa 5/ Dec 0.13 0.62 1.77 2.34 0.07 0.12 Jan 0.11 0.57 1.76 2.24 0.08 0.12 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tunisia. January 2018 WASDE - 573 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2016 Annual 25,221 24,941 50,387 40,695 5,981 47,225 97,612 8,565 212.4 2017 I 6,300 6,409 12,764 10,233 1,487 11,848 24,612 2,174 53.6 II 6,404 6,137 12,595 10,407 1,481 12,023 24,618 2,175 55.3 III 6,731 6,239 13,023 10,551 1,479 12,167 25,191 2,187 53.5 IV 6,740 6,800 13,596 10,400 1,540 12,075 25,671 2,220 53.2 Annual Dec Proj. 26,305 25,560 52,082 41,541 5,997 48,073 100,155 8,746 215.7 Jan Est. 26,175 25,585 51,978 41,591 5,987 48,113 100,091 8,756 215.5 2018 I* 6,510 6,670 13,236 10,425 1,475 12,033 25,269 2,215 54.3 II* 7,070 6,440 13,564 10,675 1,490 12,305 25,869 2,215 56.2 III* 6,985 6,580 13,619 10,750 1,490 12,380 25,999 2,240 54.2 IV* 7,195 7,270 14,521 10,600 1,545 12,280 26,801 2,285 54.2 Annual Dec Proj. 27,590 26,915 54,723 42,275 6,025 48,848 103,571 8,935 219.3 Jan Proj. 27,760 26,960 54,940 42,450 6,000 48,998 103,938 8,955 218.8 * Projection. 1/ Commercial production for red meats; federally inspecte d for poultry meats. 2/ Beef, pork, veal and lamb & mutton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2016 Annual 120.86 46.16 84.3 117.1 85.7 16.30 2017 I 122.96 49.73 88.5 100.4 80.0 18.23 II 132.76 51.70 104.7 99.1 74.7 16.83 III 112.46 55.59 94.9 96.9 102.1 17.70 IV 117.88 44.89 86.1 88.0 147.0 17.75 -17.85 Annual Dec Proj. 121.42 50.38 93.4 95.7 100.3 17.60 -17.70 Jan Est. 121.52 50.48 93.5 96.1 100.9 17.65 2018 I* 120-124 48-50 91-95 77-81 110-114 15.70 -16.10 II* 115-123 49-53 92-98 87-93 94-100 15.35 -16.05 III* 110-120 47-51 84-92 91-99 96-104 15.45 -16.45 IV* 112-122 40-44 83-89 96-104 106-114 16.80 -17.80 Annual Dec Proj. 113-122 46-49 85-92 93-100 100-107 16.65 -17.45 Jan Proj. 114-122 46-49 87-94 88-94 101-108 15.80 -16.60 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. January 2018 WASDE - 573 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2016 683 25,288 3,015 28,986 2,556 757 25,673 55.6 2017 Est. Dec 757 26,372 2,966 30,095 2,875 700 26,520 57.0 Jan 757 26,242 2,976 29,975 2,875 680 26,420 56.8 2018 Proj. Dec 700 27,657 3,030 31,387 2,985 715 27,687 59.1 Jan 680 27,827 3,030 31,537 2,985 715 27,837 59.4 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2016 590 24,956 1,091 26,637 5,239 507 20,891 50.1 2017 Est. Dec 507 25,576 1,113 27,196 5,588 630 20,978 50.0 Jan 507 25,601 1,113 27,221 5,623 550 21,048 50.2 2018 Proj. Dec 630 26,931 1,000 28,561 5,900 660 22,001 52.1 Jan 550 26,976 1,000 28,526 5,900 660 21,966 52.0 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2016 1,320 50,480 4,322 56,123 7,801 1,304 47,018 106.9 2017 Est. Dec 1,304 52,175 4,330 57,809 8,470 1,374 47,965 108.3 Jan 1,304 52,071 4,342 57,717 8,505 1,274 47,938 108.2 2018 Proj. Dec 1,374 54,816 4,272 60,462 8,893 1,419 50,150 112.4 Jan 1,274 55,033 4,284 60,591 8,893 1,419 50,279 112.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2016 832 40,260 131 41,223 6,644 778 33,800 89.8 2017 Est. Dec 778 41,097 123 41,998 6,713 825 34,460 90.9 Jan 778 41,146 125 42,049 6,783 885 34,381 90.7 2018 Proj. Dec 825 41,823 130 42,778 6,910 790 35,078 91.9 Jan 885 41,996 130 43,011 6,910 830 35,271 92.4 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2016 201 5,981 50 6,232 569 279 5,384 16.6 2017 Est. Dec 279 5,997 28 6,304 623 325 5,356 16.4 Jan 279 5,987 25 6,291 623 325 5,343 16.4 2018 Proj. Dec 325 6,025 40 6,390 655 300 5,435 16.6 Jan 325 6,000 32 6,357 655 300 5,402 16.5 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2016 1,041 46,789 184 48,014 7,372 1,065 39,57 7 107.6 2017 Est. Dec 1,065 47,628 154 48,848 7,469 1,158 40,220 108.6 Jan 1,065 47,668 153 48,886 7,539 1,216 40,131 108.4 2018 Proj. Dec 1,158 48,395 174 49,727 7,710 1,098 40,919 109.7 Jan 1,216 48,543 166 49,925 7,710 1,138 41,077 110.1 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2016 2,361 97,269 4,506 104,136 15,173 2,369 86,595 214.6 2017 Est. Dec 2,369 99,803 4,484 106,656 15,939 2,532 88,185 216.9 Jan 2,369 99,739 4,495 106,603 16,044 2,490 88,069 216.6 2018 Proj. Dec 2,532 103,211 4,446 110,189 16,603 2,517 91,069 222.2 Jan 2,490 103,576 4,450 110,516 16,603 2,557 91,356 222.8 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federa lly inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready -to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. January 2018 WASDE - 573 - 33 U.S. Egg Supply and Use Commodity 2015 2016 2017 Proj. 2017 Est. 2018 Proj. 2018 Proj. Dec Jan Dec Jan Eggs Million Dozen Supply Beginning Stocks 23.3 31.1 27.1 27.1 26.0 20.0 Production 8,053.0 8,565.0 8,746.3 8,756.3 8,935.0 8,955.0 Imports 123.5 121.9 34.4 32.4 40.0 40.0 Total Supply 8,199.8 8,718. 0 8,807.8 8,815.8 9,001.0 9,015.0 Use Exports 313.6 279.0 323.0 323.0 320.0 320.0 Hatching Use 995.6 1,009.6 1,033.7 1,033.7 1,030.0 1,050.0 Ending Stocks 31.1 27.1 26.0 20.0 27.0 27.0 Disappearance Total 6,859.4 7,402.3 7,425.1 7,439.1 7,624.0 7,618.0 Per Capita (number) 256.3 274.7 273.7 274.2 279.1 278.9 Total U.S. Milk Supply and Use Commodity 2015 2016 2017 Proj. 2017 Est. 2018 Proj. 2018 Proj. Dec Jan Dec Jan Milk Billion Pounds Production 208.6 212.4 215.7 215.5 219.3 218.8 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 10.5 12.3 12.7 12.7 13.6 13.6 Marketings 207.6 211.4 214.7 214.5 218.3 217.8 Imports 5.8 7.0 6.1 6.0 6.1 6.0 Total Cml. Supply 223.9 230.8 233.6 233.3 238.0 237.4 Fat Basis Use Commercial Exports 8.5 8.4 9.1 9.3 9.4 9.5 Ending Commercial Stocks 12.3 12.7 13.6 13.6 12.8 12.8 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 203.0 209.7 210.8 210.4 215.9 215.1 Skim -solid Basis Supply Beg. Commercial Stocks 9.4 9.2 9.5 9.5 12.6 12.2 Marketings 207.6 211.4 214.7 214.5 218.3 217.8 Imports 6.0 6.5 6.1 6.0 6.1 5.9 Total Cml. Supply 223.1 227.1 230.4 230.1 237.0 236.0 Skim -solid Basis Use Commercial Exports 37.3 39.0 40.1 40.4 41.8 42.0 Ending Commercial Stocks 9.2 9.5 12.6 12.2 12.0 11.6 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 176.6 178.5 177.6 177.4 183.2 182.4 Total Note: Totals may not add due to rounding. January 2018 WASDE - 573 - 34 U.S. Dairy Prices Commodity 2015 2016 2017 Proj. 2017 Est. 2018 Proj. 2018 Proj. Dec Jan Dec Jan Product Prices 1/ Dollars Per Pound Cheese 1.6454 1.6050 1.630 - 1.640 1.6344 1.620 - 1.700 1.535 - 1.615 Butter 2.0670 2.0777 2.315 - 2.345 2.3303 2.270 - 2.380 2.245 - 2.355 Nonfat Dry Milk 0.9016 0.8292 0.855 - 0.875 0.8666 0.745 - 0.805 0.715 - 0.775 Dry Whey 0.3804 0.2875 0.440 - 0.450 0.4437 0.310 - 0.340 0.270 - 0.300 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 15.80 14.87 16.15 - 16.25 16.17 15.30 - 16.10 14.25 - 15.05 Class IV 14.35 13.77 15.05 - 15.25 15.16 13.90 - 14.80 13.55 - 14.45 All Milk 3/ 17.13 16.30 17.60 - 17.70 17.65 16.65 - 17.45 15.80 - 16.60 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation. January 2018 WASDE - 573 - 35 Reliability of January Projections 1/ Note: Tables on pages 35 -37 present a record of the January projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by mo re than 0.7 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 1.1 percent . The average difference between the January projection and the final estimate is 3 million tons, ranging from 0 million to 8.3 million tons. The January projection has been below the estimate 27 times and above 9 times. Differences between forecast an d final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 0.7 1.1 3.0 0.0 8.3 27 9 U.S. 0.2 0.3 0.1 0.0 0.3 15 10 Foreign 0.8 1.3 3.0 0.1 8.3 26 10 Exports World 5.3 9.0 5.4 0.1 18.4 28 8 U.S. 5.1 8.6 1.4 0.1 3.9 20 16 Foreign 6.4 10.9 5.1 0.3 18.0 30 6 Domestic Use World 1.2 2.1 5.3 0.1 14.7 21 15 U.S. 4.7 8.0 1.1 0.0 3.0 11 24 Foreign 1.2 2.1 5.2 0.6 14.8 23 13 Ending Stocks World 5.0 8.4 5.9 0.2 18.1 25 11 U.S. 8.9 15.1 1.4 0.0 4.6 21 14 Foreign 5.4 9.1 5.1 0.1 16.9 25 11 COARSE GRAINS 2/ Production World 1.3 2.3 11.1 0.0 37.7 26 10 U.S. 0.4 0.7 0.3 0.0 4.6 17 7 Foreign 1.9 3.2 11.0 0.0 37.6 25 11 Exports World 6.6 11.3 6.4 0.2 31.9 27 9 U.S. 11.8 20.1 4.5 0.2 13.3 17 19 Foreign 11.1 18.9 6.1 0.4 26.8 25 11 Domestic Use World 1.2 2.0 8.4 0.0 36.2 19 17 U.S. 3.0 5.2 3.9 0.1 18.8 16 20 Foreign 1.4 2.3 8.1 0.1 36.2 25 11 Ending Stocks World 9.6 16.2 11.7 0.6 31.8 30 6 U.S. 15.4 26.1 5.7 0.0 24.3 19 16 Foreign 12.3 20.9 9.8 0.1 29.6 29 7 RICE, milled Production World 1.6 2.8 4.8 0.0 13.9 30 5 U.S. 1.7 2.8 0.1 0.0 0.3 13 7 Foreign 1.7 2.8 4.7 0.1 13.9 31 5 Exports World 9.2 15.6 1.7 0.0 6.6 27 9 U.S. 7.3 12.4 0.2 0.0 0.6 19 15 Foreign 10.2 17.4 1.6 0.0 6.2 26 10 Domestic Use World 1.4 2.4 3.6 0.0 13.9 25 11 U.S. 7.7 13.0 0.2 0.0 0.5 15 21 Foreign 1.4 2.4 3.5 0.0 13.6 26 10 Ending Stocks World 9.5 16.2 4.8 0.5 26.6 30 6 U.S. 21.0 35.6 0.2 0.0 0.6 20 15 Foreign 9.7 16.5 4.8 0.2 26.5 30 6 1/ Footnotes at end of table. CONTINUED January 2018 WASDE - 573 - 36 Reliability of January Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 3.5 5.9 4.9 0.0 22.4 21 15 U.S. 1.4 2.4 0.7 0.0 2.5 15 16 Foreign 5.8 9.9 5.1 0.2 22.6 21 15 Exports World 6.9 11.7 3.0 0.1 12.2 23 13 U.S. 8.2 14.0 1.9 0.1 6.7 22 14 Foreign 17.7 30.0 2.8 0.0 11.8 17 19 Domestic Use World 2.6 4.5 3.5 0.1 13.0 20 16 U.S. 3.3 5.6 1.2 0.0 3.6 23 13 Foreign 3.2 5.5 3.2 0.2 12.7 21 15 Ending Stocks World 14.9 25.2 4.2 0.1 18.7 20 16 U.S. 43.0 73.0 2.0 0.1 6.6 8 28 Foreign 17.0 28.9 3.9 0.1 17.2 24 12 COTTON Million 480 -Pound Bales Production World 2.6 4.4 1.9 0.0 5.4 23 12 U.S. 1.0 1.7 0.1 0.0 0.3 14 21 Foreign 3.1 5.3 1.9 0.0 5.7 25 10 Exports World 6.4 10.9 1.7 0.1 8.8 20 16 U.S. 11.3 19.2 0.8 0.0 2.7 23 13 Foreign 8.1 13.7 1.2 0.0 8.1 21 15 Domestic Use World 2.6 4.5 2.0 0.3 6.8 19 17 U.S. 5.6 9.4 0.3 0.0 0.9 20 15 Foreign 2.7 4.6 1.9 0.4 6.5 20 16 Ending Stocks World 10.0 17.0 3.7 0.1 11.3 23 13 U.S. 24.7 41.9 0.9 0.2 2.4 10 26 Foreign 10.8 18.3 3.6 0.2 11.6 25 11 1/ Marketing years 1981/82 through 2016/17 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2016/17. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. January 2018 WASDE - 573 - 37 Reliability o f United States January Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 0.4 0.7 11 0 148 4 2 Exports 12.3 20.9 161 9 467 16 20 Domestic Use 3.0 5.1 140 6 574 17 19 Ending Stocks 17.2 29.1 223 1 986 20 16 SORGHUM Production 1.1 1.8 2 0 53 1 3 Exports 15.9 26.9 28 0 97 24 10 Domestic Use 17.7 30.1 35 1 148 17 19 Ending Stocks 45.4 77.0 24 1 98 12 24 BARLEY Production 0.8 1.3 1 0 11 16 4 Exports 23.3 39.6 8 0 37 12 22 Domestic Use 6.0 10.2 14 0 70 13 20 Ending Stocks 11.6 19.7 11 1 52 23 13 OATS Production 0.3 0.6 0 0 2 4 4 Exports 67.0 113.7 1 0 7 8 10 Domestic Use 4.6 7.9 11 1 39 17 19 Ending Stocks 17.5 29.8 12 1 47 21 15 SOYBEAN MEAL Thousand Short Tons Production 3.2 5.4 869 15 2,728 23 13 Exports 10.1 17.2 617 1 2,350 26 10 Domestic Use 2.9 4.9 644 34 2,066 18 18 Ending Stocks 34.7 58.8 62 0 214 14 20 SOYBEAN OIL Million Pounds Production 3.1 5.3 409 7 1,418 25 11 Exports 23.6 40.1 289 0 1,325 20 14 Domestic Use 3.5 6.0 429 25 1,628 23 13 Ending Stocks 20.5 34.8 290 25 1,206 23 13 ANIMAL PROD. Million Pounds Beef 3.5 5.9 717 9 2,111 24 11 Pork 3.1 5.3 400 5 1,717 19 16 Broilers 1.7 2.9 383 24 1,011 22 13 Turkeys 2.9 5.0 122 2 407 18 17 Million Dozen Eggs 1.9 3.3 103 4 525 22 13 Billion Pounds Milk 1.5 2.6 1.7 0.0 5.7 17 13 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2016/17 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2016/17. Calendar years 1982 through 2016 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2016. WASDE -573-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PE CAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 United States Department of Agriculture Agricultural Outlook Forum February 22-23, 2018 Crystal Gateway Marriott Hotel Arlington, Virginia www.usda.gov/oce/forumtHe Roots of PRospeRity USDA’s 94th Annual WASDE Notification System Subscribers are notified through GovDelivery when the monthly World Agricultural Supply and Demand Estimates (WASDE) report is available. Previous WASDE reports are available at http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1194 For questions contact: Susan Carter at 202- 720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE -573 – January 12, 2018 WASDE Briefing Slides : The briefing slides which accompany today’s WASDE report will be available at http://www.usda.gov/oce/commodity/wasde/ Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e -mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu. Select the “Reports by E -Mail” bar to sign up. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) 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January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 648 Approved by the World Agricultural Outlook Board May 10, 2024 Note: This report presents USDA’s initial assessment of U.S. and world crop supply and demand prospects and U.S. prices for 2024/25. Also presented are the first calendar -year 2025 projections of U.S. livestock, poultry, and dairy products. Due to spring planting still underway in the Northern Hemisphere and several months away in the Southern Hemisphere, these projections are highly tentative. Forecasts for U.S. winter wheat area, yield, and production are from the May 10 Crop Production report. For other U.S. crops, the March 28 Prospective Plantings report is used for planted acreage. Methods used to project 2024/25 harvested acreage and yield are noted in each table. WHEAT: The outlook for 2024/25 U.S. wheat is for larger supplies, modestly higher domestic use, increased exports, and higher stocks . Supplies are projected up 6 percent from 2023/24 on larger carry -in stocks and production . All wheat production is projected at 1,858 million bushels, up 3 percent from last year on higher harvested acreage and yields . The all wheat yield is projected at 48.9 bushels per acre, up 0.3 bushels . The first 2024 NASS survey -based winter wheat production forecast of 1,278 million bushels is up 2 percent from 2023 on increased Hard Red Winter and White Winter production more than offsetting lower Soft Red Winter production . Total 2024/25 domestic use is projected up 1 percent, primarily on higher feed and residual use. Exports are projected at 775 million bushels, up 55 million from the revised 2023/24 exports, which remain at a 52 -year low . Increased U.S. exportable supplies and more competitive prices are expected to result in higher exports . Projected 2024/25 ending stocks are 11 percent above last year at 766 million bushels , the highest level in four years . The projected 2024/25 season -average farm price (SAFP) is $6.00 per bushel, down $1.10 from last year’s SAFP on higher stocks and lower projected U.S. corn prices. The global wheat outlook for 2024/25 is for slightly lower supplies, increased consumption, modestly higher trade, and reduced stocks . Supplies are projected to decrease 2.2 million tons to 1,056.0 million with production projected at a record 798.2 million tons , but lower carry -in stocks for several countries, most notably China and Russia, more than offset higher global production . Increased output for India, China, Australia, Kazakhstan, Canada, and the United States is expected to more than offset reductions for Russia, the United Kingdom, the EU, and Ukraine. Projected 2024/25 world consumption is raised 2.0 million tons to a record 802.4 million as food, seed, and industrial (FSI) use is expected to continue growing , while feed and residual use is projected lower as feed grains are anticipated to be more competitively priced than wheat . India is the largest FSI increase while China is the largest feed and residual reduction. Projected 2024/25 global trade is 216.0 million tons, up 0.4 million from last year but below the 2022/23 record of 220.7 million. Russia is projected to remain the leading 2024/25 world wheat exporter at 52.0 million tons, though down from 2023/24. Exports are projected higher for Australia, Argentina, the United States, Kazakhstan, and Canada , but lower for Ukraine, the EU, and Turkey . Projected 2024/25 world ending stocks are 4.2 million tons , down from last year at 253.6 million tons, the lowest since 2015/16. Russia and the EU account for the largest reductions , which are partially offset by increases for the United States and India. COARSE GRAINS: The 2024/25 U.S. corn outlook is for larger supplies, greater domestic use and exports, and higher ending stocks . The corn crop is projected at 14.9 billion bushels, down 3 percent from last year’s record as a decline in area is partially offset by an increase in yield . The yield projection of 181.0 bushels per acre is based on a weather -adjusted trend assuming normal planting progress and summer growing season weather, estimated using the 1988- 2023 time period. With WASDE- 648-2 higher beginning stocks, total corn supplies are forecast at 16.9 billion bushels, the highest since 2017/18. Total U.S. corn use for 2024/25 is forecast to rise just under 1 percent relative to a year ago on higher domestic use and exports . Food, seed, and industrial use is forecast at 6.9 billion bushels . Corn used for ethanol is unchanged relative to a year ago, based on expectations of essentially flat motor gasoline consumption. Feed and residual use is projected higher on larger supplies and lower expected prices. U.S. corn exports for 2024/25 are forecast to rise 50 million bushels to 2.2 billion, supported by a combined 5.4- million -ton reduction in exports for Argentina, Brazil, Russia, and Ukraine. The United States is projected to be the world’s largest exporter for the second consecutive year, with an expected increase in global market share. With total U.S. corn supply rising more than use, 2024/25 ending stocks are up 80 million bushels from last year and , if realized , would be the highest in absolute terms since 2018/19. Stocks would represent 14.2 percent of use, up from 13.7 percent the prior year and the highest since 2019/20 . The season- average farm price is projected at $4.40 per bushel, down 25 cents from 2023/24. The 2024/25 global coarse grain outlook is for record production and use, and fractionally lower ending stocks . World corn production is forecast to decline from the prior year ’s record to 1.220 billion metric tons, with the largest declines for the United States, Ukraine, Zambia, Argentina, Malawi, Mozambique, and Turkey . Partly offsetting are larger crops projected for Brazil, the EU, China, South Africa, and Mexico . Lower area expectations drive a decline in corn production for Argentina, in contrast to Brazil where production is forecast higher on expanded area. Ukraine corn production is expected to be down on reductions to both area and yield. Corn crop prospects for Russia are down as higher area is more than offset by a decline in yield. World barley , sorghum, oats, millet, mixed grain, and rye production are all forecast higher than a year ago. World corn use is expected to rise less than 1 percent to a record 1.221 billion metric tons, with foreign consumption increasing modestly . World corn imports are forecast to fall just under 1 percent, driven by declines for several countries, including the EU, Canada, Iraq, and Venezuela. Partly offsetting are increases for Mexico, Saudi Arabia, Vietnam, Egypt, and Iran. Global corn ending stocks for 2024/25 are down 0.8 million tons to 312.3 million. Stocks in the major exporting countries of Argentina, Brazil, Russia, Ukraine, and the United States are projected down slightly, reflecting higher stocks in the United States mostly offset by declines for Brazil and Ukraine. For China, total coarse grain imports for 2024/25 are forecast at 41.5 million tons, up marginally from a year ago . Despite lower internal market prices for energy feedstuffs , expectations are for China’s prices to remain higher than the world market . Corn imports are projected unchanged at 23.0 million tons, barley imports are down 0.2 million to 10.0 million, and sorghum is up 0.5 million to 8.0 million. RICE : The 2024/25 outlook for U.S. rice is for larger supplies, exports, domestic use, and ending stocks. Total supplies are projected at 305.5 million cwt, up 5 percent from 2023/24 on higher production, beginning stocks, and imports. All rice production is pro jected at 220.2 million cwt, up 1 percent from the previous year on increased harvested area and slightly lower expected yields. The projected all rice yield is 7,635 pounds per acre, down 14 pounds from last year. Total imports are forecast at a rec ord 44.5 million cwt, up 1.2 million from last year. Total domestic and residual use is projected higher at 160.0 million cwt, reflecting greater supplies, and would be the largest on record. Total exports are projected at 100.0 million cwt, up 6.0 million cwt from 2023/24 on larger supplies and reduced U.S. prices . All rice 2024/25 ending stocks are projected at 45.5 million cwt, up 12 percent from 2023/24. The 2024/25 all rice season- average farm price (SAFP) is projected at $15.60 per cwt, down from the 2023/24 SAFP forecast of $18.00. WASDE- 648-3 The global rice outlook for 2024/25 is for rising supplies, trade, consumption, and ending stocks. Supplies increase year to year on record production at 527.6 million tons that more than offsets lower beginning stocks . The record global crop is primarily driven by increases for India, China, Bangladesh, and Indonesia. Global consumption is projected at a record 526.4 million tons, mostly on higher use by India, the Philippines, Indonesia, and Bangladesh offsetting a reduction for China. With production and consumption gains projected in many of the same countries, global trade is forecast up only slightly at 53.8 million tons, still lower than levels of trade before India first imposed restrictions on rice exports in 2022 . India remains the leading exporter at 18.0 million tons, 2.0 million higher than in 2023/24 but below its record volume of 22.0 million tons in 2021/22, as ongoing export restrictions are expected to limit shipments . Projected 2024/25 world ending stocks are 176.1 million tons, up 1.2 million from a year earlier and would be the first increase in global stocks since 2020/21. OILSEEDS: The 2024/25 outlook for U.S. soybeans is for higher supplies, crush, exports, and ending stocks compared with 2023/24. The soybean crop is projected at 4.45 billion bushels, up 285 million on higher area and trend yield. With higher beginning stocks and production, soybean supplies are forecast at 4.8 billion bushels, up 8 percent from 2023/24. Total U.S. oilseed production is projected at 131.2 million tons, up 8.9 million from 2023/24 on higher soybean, cottonseed, and peanut production partly offset by lower rapeseed and sunflowerseed. To note, the methodology for soybean planting seed is revised back to 2001/02 to reflect changes in management practices and technology resulting in lower seed use per acre over time. More information on this change will be released in ERS’ Oil Crops Outlook on May 14, 2024. U.S. soybean crush for 2024/25 is projected at 2.43 billion bushels, up 125 million from the 2023/24 forecast on higher demand for soybean oil as a biofuel feedstock, projected to increase 1.0 billion pounds to 14.0 billion. Domestic soybean meal disappearance is forecast to increase 3 percent from 2023/24 on increased pork and poultry production. U.S. soybean meal exports are forecast at 17.3 million short tons, indicating a 21 percent share of global trade, compared to the prior 5- year average of 19 percent. U.S. soybean exports are forecast at 1.83 billion bushels, up 125 million from 2023/24 with higher exports this fall due to a lower Brazilian 2024 harvest. With strong seasonal exports after harvest followed by pressure from larger South American production in 2025 , the U.S. share of global exports is forecast at 28 percent, down from the prior 5- year average of 32 percent . U.S. ending stocks for 2024/25 are projected at 445 million bushels, up 105 million from last year. The 2024/25 U.S. season- average soybean price is forecast at $11.20 per bushel compared with $12.55 per bushel in 2023/24. The soybean meal price is forecast at $330 per short ton, down $50. The soybean oil price is forecast at 42 cents per pound, down 6 cents from 2023/24. The 2024/25 global oilseed outlook shows higher production, crush, exports, and ending stocks compared with 2023/24. Global production is rising 28.9 million tons to 687.1 million mainly on higher soybean production for South America, the United States, and South Africa. Brazil’s soybean production is forecast at 169.0 million tons, up from the revised 2023/24 crop of 154.0 million, which was reduced due to flooding in Rio Grande do Sul. Argentina’s soybean output is forecast at 51.0 million tons for 2024/25. Global production of high- oil content seeds (rapeseed and sunflowerseed) is nearly flat compared to the prior year as higher sunflowerseed production for the EU and rapeseed production for Canada and Australia is mostly offset by lower rapeseed producti on for the EU, Ukraine, India, and the UK. Global 2024/25 oilseed crush is growing 17.3 million tons to 560.8 million from 2023/24, with most of the growth for soybeans (15.9 million) mainly for Argentina, China, Pakistan, and the United States. Global sunflowerseed and rapeseed crush is flat on stable available supplies. Soybean meal exports account for the majority of meal export g rowth. Lower year -over-year exports of sunflowerseed oil and rapeseed oil are mostly offset by growth in soybean, palm, and palm kernel oil shipments. WASDE- 648-4 Global soybean exports for 2024/25 are increasing 4 percent from last marketing year mainly on higher soybean exports for the United States, Brazil, Argentina, and Ukraine. Soybean imports are higher for China, Pakistan, Egypt, Mexico, Iran, and Vietnam. China’s soybean imports are rising 4.0 million tons to 109.0 million on larger global supplies and lower prices. Global 2024/25 soybean ending stocks are projected up 16.7 million tons to 128.5 million, with most of the increase for Brazil, Argentina, the U nited States, and China . SUGAR : Mexico production for 2023/24 is projected at 4.649 million metric tons (MT), an increase of 76,541 over last month. Area harvested is unchanged at 727,116 hectares (ha) but sugarcane yield is increased to 62.73 MT/ha and sucrose recovery is increased to 10.19 percent on interim analysis from CONADESUCA production data through April 27. There remains significant downside risk on area that may not be harvested due to inadequate sugar content in the rem aining sugarcane. The low polarity sugar share of total production has been trending downward and is estimated at 6.50 percent, down from 7.00 percent last month. Assuming that all projected low polarity sugar is exported to the U.S. market and constitutes 71 percent of the total exported, exports to the United States are projected at 425,607 M T, a very slight decrease from last month. Mexico production for 2024/25 is projected at 5.189 million MT. Yield and recovery are expected to be closer to historical trend and area harvested will be more than in 2023/24 but likely far below the 800,000- hectare level initially forecast for recent years. Exports to the United States are projected at 1.024 million on the assumption that Mexico authorities expect that the U.S. additional specialty TRQ will be set no lower than the level of 2023/24 before the July WASDE when the Department of Commerce fi rst calculates U.S. Needs for 2024/25. Deliveries for consumption are projected at 4.236 million MT on population growth. D eliveries for IMMEX are the same as in 2023/24. Ending stocks are projected at 900,181 MT to cover use in 2025/26 for the 2.3 months before the start of sugar production. Imports are residually projected at 524,814 MT , with 499,814 MT for consumption and 25,000 MT for IMMEX. U.S. beet sugar production for 2023/24 is decreased 49,192 short tons, raw value (STRV) to 5.095 million. Production in Red River Valley will continue for another month with piled sugarbeets under stress. Beet pile shrink is still at 9.0 percent, higher than processors’ estimates, but sucrose recovery is reduced to 14.75 percent as increased impurities in sliced beets have reduced extraction effectiveness. Beet sugar production for 2024/25 is projected at 5.111 million STRV. Area planted is 1.129 million ac res from Prospective Plantings. National sugarbeet yield is projected at a robust 31.52 tons/acre due to a high proportion of sugarbeets planted as of May 5. Other production parameters are projected on the basis of recent 5 -year averages. Cane sugar production in Florida for 2023/24 is decreased 35,264 STRV on processors’ reporting. Cane sugar production for 2024/25 is projected at 4.121 million STRV based on recent yield trends under the assumption of normal weather and some area expansion in Louisiana. Imports for 2023/24 are increased 22,597 STRV on a decrease in TRQ shortfall due to more sugar expected to enter from the Philippines. TRQ imports for 2024/25 are projected 1.415 million STRV consistent with minimum access WTO bindings and with allocations set for various FTAs. Re -export imports are projected at 200,000 STRV and high -tier tariff imports of refined sugar are projected at 216,000 STRV. High- tier tariff raw sugar imports are projected at zero. Imports from Mexico are expected to be 1.197 million STRV. Deliveries for human consumption for 2023/24 are reduced 100,000 STRV on the pace to date to 12.350 million. This estimate is carried over to the level projected for 2024/25. Ending stocks for 2024/25 are projected at 1.464 million STRV for a stock s-to-use ratio of 11.66 percent. LIVESTOCK, POULTRY, AND DAIRY : Total U.S. red meat and poultry production for 2025 is forecast to be lower than 2024. Beef production is forecast lower as tighter cattle supplies and increased heifer and cow retention are expected to result in lower slaughter of both fed and non -fed cattle . Pork production is forecast to increase as growth in pigs per litter will more than offset fewer expected farrowings . Broiler production is expected to increase as lower feed costs and tighter red meat supplies support steady growth . Turkey production is forecast to increase, as it recovers from WASDE- 648-5 Highly Pathogenic Avian Influenza (HPAI) -related culls . Egg production is forecast higher on flock rebuilding. Total red meat and poultry production forecasts for 2024 are reduced from last month, with lower broiler, turkey, and pork forecasts offset slightly by higher beef production. Beef production is raised on higher cattle slaughter in the second half of the year and heavier dressed weights . Pork production is lower as higher slaughter in the first half of the year is more than offset by lighter expected dressed weights for the duration of 2024. Broiler production is lower based on slaughter data through the fi rst quarter, with the forecast for the remainder of the year unchanged . Turkey production is lowered reflecting slaughter as well as hatchery data and expectations that weaker returns will put downward pressure on production for the second half of the year. Egg production is up slightly reflecting official data. For 2025, beef exports are forecast lower than 2024 as tight domestic supplies limit competitiveness . Beef imports are higher due to tight beef domestic supplies, particularly for processing- grade beef . Pork exports are forecast higher on improved price competitiveness and increased demand in several key markets . Broiler exports are higher due to greater supplies, but growth is expected to be constrained by competition from other major exporters . Turkey exports are forecast to be slightly higher as supplies increase. For 2024, the beef export forecast is raised from last month on data reported through the first quarter. Beef imports are lowered slightly on first -quarter data , but the forecasts for the remaining quarters are unchanged. Pork exports are lowered based on recent trade data and slower -than-expected demand growth in several key markets . Broiler exports are lowered on recent data and increased price competition from major exporters. For 2025, cattle prices are above 2024 on tighter cattle and beef supplies . Hog prices are lower than 2024 on increased expected hog supplies . Broiler prices are forecast slightly lower due to increased production. Turkey prices are higher . The egg price is below 2024 with larger expected supplies. Cattle prices in 2024 are lowered on recent data and a more rapid pace of marketing in the second half of the year . Hog prices are lowered on weaker -than-expected demand in the second half of the year. Broiler and turkey prices are lowered on recent data and softer expected demand . Egg prices are lowered on recent data and continued rebuilding of table egg inventories after outbreaks of HPAI in late -2023 and early -2024. Milk production in 2025 is forecast to increase from 2024, driven by higher milk per cow and an expanding milk cow herd. With increases in a number of products, commercial exports are expected to grow on both a fat and skim -solids basis . Imports are forecast lower, both on a fat and skim -solids basis . Domestic use is forecast to increase on a fat and skim -solids basis . Stocks are forecast lower on both a fat and skim -solids basis. The Class III and Class IV price forecasts are lower, as prices for cheese, butter, nonfat dry milk (NDM), and whey are all expected to decline due to larger milk supplies . The all milk price is forecast at $20.90 per cwt. The 2024 milk production forecast is raised based on an increase in dairy cows and more rapid growth in output per cow . On both a fat and skim -solids basis, imports are raised and exports are lowered . Domestic use is higher on both a fat and skim -solids basis, as well. The cheese price is raised, but the whey price is lowered . The butter price forecast is raised, while the NDM price is lowered . The Class III price forecast is raised, as higher cheese prices more than offset the lower whey . The Class IV pric e forecast is lower, as higher butter prices are more than offset by the lower NDM . The all milk price forecast for 2024 is raised to $21.20 per cwt. (Continued on page 39) WASDE- 648-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone, ICEC Chair, WAOB, [email protected] Andrew Sowell, ERS; Rachel Trego, FAS; Bruce McWilliams, FPAC. Rice: Mark Simone, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS ; Kent Lanclos, FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Aaron Ates , ERS; Kevin Min, FAS; Jacob Vuillemin, FPAC. Oilseeds: Joanna Hitchner , ICEC Chair, WAOB, [email protected] Maria Bukowski, ERS; Agata Kingsbury, FAS; Gustavo Ferreira, FPAC. Cotton: Hunter Colby , ICEC Chair (Acting) , WAOB, [email protected] Leslie Meyer, ERS; Graham Soley, FAS; Kent Lanclos, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Vida Abadam, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Mildred Haley, ERS; Mason Grahame, FAS; Jacob Vuillemin, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Grace Grossen, ERS; Claire Mezoughem, FAS . Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Jessica Richard, AMS; Adriana Valcu-Lisman , ERS; Jeffery Dwyer, FAS. In 2024 the WASDE report will be released on Jun 12, Jul 12, Aug 12, Sep 12, Oct 11, Nov 8, and Dec 10. WASDE- 648-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Production .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 May 2024 WASDE - 648 - 8 World and U.S. Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2022/23 2754.69 3552.88 495.63 2771.22 781.67 2023/24 (Est.) 2807.19 3588.85 507.57 2816.56 772.29 filler filler filler filler filler 2024/25 (Proj.) Apr NA NA NA NA NA 2024/25 (Proj.) May 2838.41 3610.70 502.69 2841.53 769.17 filler filler filler filler filler Wheat 2022/23 789.19 1062.36 220.66 791.94 270.42 2023/24 (Est.) 787.72 1058.13 215.65 800.34 257.80 filler filler filler filler filler 2024/25 (Proj.) Apr NA NA NA NA NA 2024/25 (Proj.) May 798.19 1055.98 216.00 802.37 253.61 filler filler filler filler filler Coarse Grains 5/ 2022/23 1449.72 1791.07 220.35 1459.01 332.05 2023/24 (Est.) 1502.13 1834.18 238.68 1494.60 339.58 filler filler filler filler filler 2024/25 (Proj.) Apr NA NA NA NA NA 2024/25 (Proj.) May 1512.62 1852.20 232.92 1512.76 339.45 filler filler filler filler filler Rice, milled 2022/23 515.78 699.46 54.62 520.26 179.20 2023/24 (Est.) 517.34 696.54 53.24 521.63 174.91 filler filler filler filler filler 2024/25 (Proj.) Apr NA NA NA NA NA 2024/25 (Proj.) May 527.61 702.52 53.76 526.40 176.12 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2022/23 406.43 471.36 67.73 350.03 53.60 2023/24 (Est.) 459.13 520.48 83.54 362.85 74.09 filler filler filler filler filler 2024/25 (Proj.) Apr NA NA NA NA NA 2024/25 (Proj.) May 449.32 530.61 86.85 365.07 78.69 filler filler filler filler filler Wheat 2022/23 44.90 66.57 20.65 30.42 15.50 2023/24 (Est.) 49.31 68.63 19.60 30.32 18.71 filler filler filler filler filler 2024/25 (Proj.) Apr NA NA NA NA NA 2024/25 (Proj.) May 50.56 72.54 21.09 30.59 20.85 filler filler filler filler filler Coarse Grains 5/ 2022/23 356.45 397.18 45.04 315.00 37.14 2023/24 (Est.) 402.89 442.59 60.96 327.54 54.08 filler filler filler filler filler 2024/25 (Proj.) Apr NA NA NA NA NA 2024/25 (Proj.) May 391.77 448.37 62.59 329.40 56.39 filler filler filler filler filler Rice, milled 2022/23 5.08 7.61 2.04 4.61 0.96 2023/24 (Est.) 6.93 9.27 2.99 4.99 1.30 filler filler filler filler filler 2024/25 (Proj.) Apr NA NA NA NA NA 2024/25 (Proj.) May 6.99 9.70 3.18 5.08 1.45 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). May 2024 WASDE - 648 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2022/23 2,348.26 3,081.53 427.90 2,421.19 728.07 2023/24 (Est.) 2,348.06 3,068.37 424.03 2,453.71 698.20 filler filler filler filler filler 2024/25 (Proj.) Apr NA NA NA NA NA 2024/25 (Proj.) May 2,389.09 3,080.10 415.83 2,476.46 690.49 filler filler filler filler filler Wheat 2022/23 744.30 995.79 200.01 761.52 254.91 2023/24 (Est.) 738.40 989.51 196.06 770.02 239.08 filler filler filler filler filler 2024/25 (Proj.) Apr NA NA NA NA NA 2024/25 (Proj.) May 747.63 983.45 194.91 771.78 232.76 filler filler filler filler filler Coarse Grains 5/ 2022/23 1,093.27 1,393.89 175.31 1,144.01 294.92 2023/24 (Est.) 1,099.24 1,391.60 177.72 1,167.05 285.50 filler filler filler filler filler 2024/25 (Proj.) Apr NA NA NA NA NA 2024/25 (Proj.) May 1,120.85 1,403.84 170.34 1,183.36 283.06 filler filler filler filler filler Rice, milled 2022/23 510.70 691.85 52.58 515.66 178.24 2023/24 (Est.) 510.41 687.27 50.25 516.64 173.61 filler filler filler filler filler 2024/25 (Proj.) Apr NA NA NA NA NA 2024/25 (Proj.) May 520.61 692.82 50.59 521.32 174.67 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2022/23 116.31 190.81 37.11 111.67 80.42 2023/24 (Est.) 113.57 193.98 44.48 113.36 80.48 filler filler filler filler filler 2024/25 (Proj.) Apr NA NA NA NA NA 2024/25 (Proj.) May 119.05 199.52 44.98 116.86 83.01 filler filler filler filler filler United States 2022/23 14.47 18.52 12.77 2.05 4.25 2023/24 (Est.) 12.07 16.32 12.30 1.80 2.40 filler filler filler filler filler 2024/25 (Proj.) Apr NA NA NA NA NA 2024/25 (Proj.) May 16.00 18.41 13.00 1.90 3.70 filler filler filler filler filler Foreign 4/ 2022/23 101.84 172.29 24.34 109.62 76.17 2023/24 (Est.) 101.50 177.66 32.18 111.56 78.08 filler filler filler filler filler 2024/25 (Proj.) Apr NA NA NA NA NA 2024/25 (Proj.) May 103.05 181.12 31.98 114.96 79.31 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. May 2024 WASDE - 648 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2022/23 637.72 749.21 201.67 525.47 118.92 2023/24 (Est.) 658.14 777.06 198.29 543.56 128.39 filler filler filler filler filler 2024/25 (Proj.) Apr NA NA NA NA NA 2024/25 (Proj.) May 687.06 815.45 206.84 560.84 144.84 filler filler filler filler filler Oilmeals 2022/23 357.49 377.40 97.81 355.42 17.01 2023/24 (Est.) 370.84 387.85 103.48 365.21 18.41 filler filler filler filler filler 2024/25 ( Proj.) Apr NA NA NA NA NA 2024/25 (Proj.) May 384.14 402.55 106.98 377.39 20.67 filler filler filler filler filler Vegetable Oils 2022/23 218.33 248.17 88.90 211.26 31.86 2023/24 (Est.) 223.80 255.66 88.33 218.86 31.80 filler filler filler filler filler 2024/25 (Proj.) Apr NA NA NA NA NA 2024/25 (Proj.) May 228.28 260.08 88.27 224.91 29.91 filler filler filler filler filler United States Output Total Supply Trade Total Use 2 / Ending Stocks Oilseeds 2022/23 125.75 136.42 55.12 64.16 8.85 2023/24 (Est.) 122.24 132.33 47.49 66.68 10.80 filler filler filler filler filler 2024/25 (Proj.) Apr NA NA NA NA NA 2024/25 (Proj.) May 131.16 143.05 50.83 70.32 13.76 filler filler filler filler filler Oilmeals 2022/23 49.94 54.60 13.50 40.69 0.41 2023/24 (Est.) 51.58 56.18 14.53 41.20 0.44 filler filler filler filler filler 2024/25 (Proj.) Apr NA NA NA NA NA 2024/25 (Proj.) May 54.24 58.97 15.90 42.58 0.50 filler filler filler filler filler Vegetable Oils 2022/23 13.18 20.75 0.33 19.28 1.14 2023/24 (Est.) 13.58 21.51 0.31 20.06 1.15 filler filler filler filler filler 2024/25 (Proj.) Apr NA NA NA NA NA 2024/25 (Proj.) May 14.29 22.54 0.37 20.93 1.24 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2022/23 511.97 612.79 146.55 461.30 110.07 2023/24 (Est.) 535.90 644.73 150.80 476.88 117.59 filler filler filler filler filler 2024/25 (Proj.) Apr NA NA NA NA NA 2024/25 (Proj.) May 555.90 672.40 156.01 490.52 131.08 filler filler filler filler filler Oilmeals 2022/23 307.55 322.80 84.32 314.74 16.59 2023/24 (Est.) 319.27 331.67 88.95 324.01 17.97 filler filler filler filler filler 2024/25 (Proj.) Apr NA NA NA NA NA 2024/25 (Proj.) May 329.90 343.58 91.08 334.81 20.17 filler filler filler filler filler Vegetable Oils 2022/23 205.15 227.42 88.57 191.98 30.73 2023/24 (Est.) 210.22 234.15 88.02 198.80 30.65 filler filler filler filler filler 2024/25 (Proj.) Apr NA NA NA NA NA 2024/25 (Proj.) May 213.99 237.54 87.89 203.98 28.67 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. May 2024 WASDE - 648 - 11 U.S. Wheat Supply and Use 1/ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Apr May Million Acres Area Planted 45.8 49.6 NA 47.5 * Area Harvested 35.5 37.3 NA 38.0 * Bushels Yield per Harvested Acre 46.5 48.6 NA 48.9 * Million Bushels Beginning Stocks 674 570 NA 688 Production 1,650 1,812 NA 1,858 Imports 122 140 NA 120 Supply, Total 2,446 2,522 NA 2,665 Food 973 960 NA 962 Seed 68 64 NA 62 Feed and Residual 77 90 NA 100 Domestic, Total 1,118 1,114 NA 1,124 Exports 759 720 NA 775 Use, Total 1,876 1,834 NA 1,899 Ending Stocks 570 688 NA 766 Avg. Farm Price ($/bu) 2/ 8.83 7.10 NA 6.00 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2023/24 (Est.) Beginning Stocks 223 155 90 74 28 570 Production 601 468 449 235 59 1,812 Imports 18 65 7 6 44 140 Supply, Total 3/ 842 688 546 315 131 2,522 Food 382 253 158 84 83 960 Seed 27 16 12 6 3 64 Feed and Residual 25 -10 90 -10 -5 90 Domestic Use 434 259 260 80 81 1,114 Exports 138 240 160 155 27 720 Use, Total 572 499 420 235 108 1,834 Ending Stocks, Total May 270 189 126 80 23 688 Ending Stocks, Total Apr 277 197 119 80 25 698 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. * Planted acres reported in the March 28, 2024, "Prospective Plantings." Harvested acres and yi eld for other spring wheat and Durum are projected using 10- year harvested -to-planted ratios by state and 1985- 2023 yield trends by state (except for Arizona and California Durum). Winter wheat harvested acres and yield reported in the May 10, 2024,"Crop Production." ** Wheat -by-class projections for 2023/24 will first be published in the July 12, 2024, WASDE. May 2024 WASDE - 648 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Apr May Million Acres Area Planted 100.0 107.5 NA 101.3 * Area Harvested 86.6 96.0 NA 90.5 * Metric Tons Yield per Harvested Acre 4.11 4.19 NA 4.33 Million Metric Tons Beginning Stocks 37.5 37.1 NA 54.1 Production 356.1 402.6 NA 391.5 Imports 2.9 2.2 NA 2.2 Supply, Total 396.5 442.0 NA 447.8 Feed and Residual 142.3 148.3 NA 149.8 Food, Seed & Industrial 172.1 178.7 NA 179.1 Domestic, Total 314.4 327.0 NA 328.9 Exports 45.0 61.0 NA 62.6 Use, Total 359.4 387.9 NA 391.4 Ending Stocks 37.1 54.1 NA 56.4 CORN 2022/23 2023/24 E st. 2024/25 Proj. 2024/25 Proj. April May Million Acres Area Planted 88.2 94.6 NA 90.0 * Area Harvested 78.7 86.5 NA 82.1 * Bushels Yield per Harvested Acre 173.4 177.3 NA 181.0 * Million Bushels Beginning Stocks 1,377 1,360 NA 2,022 Production 13,651 15,342 NA 14,860 Imports 39 25 NA 25 Supply, Total 15,066 16,727 NA 16,907 Feed and Residual 5,486 5,700 NA 5,750 Food, Seed & Industrial 2/ 6,558 6,855 NA 6,855 Ethanol & by -products 3/ 5,176 5,450 NA 5,450 Domestic, Total 12,045 12,555 NA 12,605 Exports 1,661 2,150 NA 2,200 Use, Total 13,706 14,705 NA 14,805 Ending Stocks 1,360 2,022 NA 2,102 Avg. Farm Price ($/bu) 4/ 6.54 4.65 NA 4.40 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by- products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average pric e received by farmers. * Planted acres reported in the March 28, 2024, "Prospective Plantings." For corn, harvested acres projected based on historical abandonment and use for silage. The yield projection is based on a weather -adjusted trend, estimated using the 1988- 2023 time period, assuming normal planting progress and summer growing season weather. May 2024 WASDE - 648 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Apr May Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 6.3 7.2 NA 6.4 * Area Harvested (mil. acres) 4.6 6.1 NA 5.6 * Yield (bushels/acre) 41.1 52.0 NA 69.3 * Beginning Stocks 47 24 NA 22 Production 188 318 NA 388 Imports 0 0 NA 0 Supply, Total 235 342 NA 410 Feed and Residual 42 50 NA 70 Food, Seed & Industrial 59 25 NA 45 Total Domestic 102 75 NA 115 Exports 109 245 NA 260 Use, Total 211 320 NA 375 Ending Stocks 24 22 NA 35 Avg. Farm Price ($/bu) 2/ 5.94 4.90 NA 4.40 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2022/23 2023/24 E st. 2024/25 Proj. 2024/25 Proj. April May Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.9 3.1 NA 2.6 * Area Harvested (mil. acres) 2.4 2.6 NA 2.1 * Yield (bushels/acre) 71.7 72.4 NA 76.7 * Beginning Stocks 37 66 NA 76 Production 174 185 NA 161 Imports 24 14 NA 14 Supply, Total 235 265 NA 251 Feed and Residual 35 60 NA 50 Food, Seed & Industrial 132 125 NA 120 Total Domestic 167 185 NA 170 Exports 2 4 NA 3 Use, Total 169 189 NA 173 Ending Stocks 66 76 NA 78 Avg. Farm Price ($/bu) 2/ 7.40 7.35 NA 6.30 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2022/23 2023/24 E st. 2024/25 Proj. 2024/25 Proj. April May Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.6 2.6 NA 2.3 * Area Harvested (mil. acres) 0.9 0.8 NA 0.7 * Yield (bushels/acre) 65.5 68.6 NA 67.1 * Beginning Stocks 33 35 NA 34 Production 58 57 NA 47 Imports 84 75 NA 75 Supply, Total 174 167 NA 156 Feed and Residual 57 50 NA 45 Food, Seed & Industrial 81 81 NA 82 Total Domestic 138 131 NA 127 Exports 2 2 NA 2 Use, Total 140 133 NA 129 Ending Stocks 35 34 NA 27 Avg. Farm Price ($/bu) 2/ 4.57 3.90 NA 3.60 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. * Planted acres reported in the March 28, 2024, "Prospective Plantings." Harvested area for sorghum, barley and oats based on historical average harvested- to-planted ratios. For sorghum the projected yield is the median yield for 2004- 2023. For barley and oats, projected yields are based on the 1994 -2023 linear trends. Yields shown reflect production rounding. May 2024 WASDE - 648 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Apr May Million Acres Area Planted 2.22 2.89 NA 2.93 * Area Harvested 2.17 2.85 NA 2.88 * Fil ler Pounds Yield per Harvested Acre 7,385 7,649 NA 7,635 * Million Hundredweight Beginning Stocks 2/ 39.7 30.3 NA 40.8 Production 160.0 218.3 NA 220.2 Imports 39.9 43.3 NA 44.5 Supply, Total 239.7 291.8 NA 305.5 Domestic & Residual 3/ 145.1 157.0 NA 160.0 Exports, Total 4/ 64.3 94.0 NA 100.0 Rough 18.1 43.0 NA 44.0 Milled (rough equiv.) 46.2 51.0 NA 56.0 Use, Total 209.4 251.0 NA 260.0 Ending Stocks 30.3 40.8 NA 45.5 Avg. Milling Yield (%) 5/ 70.00 70.00 NA 70.00 Avg. Farm Price ($/cwt) 6/ 19.80 18.00 NA 15.60 Total LONG -GRAIN RICE 2022/23 2023/24 E st. 2024/25 Proj. 2024/25 Proj. April May Harvested Acres (mil.) 1.78 2.05 Yield (pounds/acre) 7,225 7,524 Beginning Stocks 24.6 21.2 NA 18.0 Imports 31.9 36.0 NA 37.0 Production 128.5 153.9 NA 169.3 Supply, Total 7/ 185.0 211.0 NA 224.3 Domestic & Residual 3/ 114.0 120.0 NA 123.0 Exports 8/ 49.8 73.0 NA 75.0 Use, Total 163.8 193.0 NA 198.0 Ending Stocks 21.2 18.0 NA 26.3 Avg. Farm Price ($/cwt) 6/ 16.70 16.10 NA 14.50 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2022/23 2023/24 E st. 2024/25 Proj. 2024/25 Proj. April May Harvested Acres (mil.) 0.39 0.81 Yield (pounds/acre) 8,118 7,963 Beginning Stocks 13.0 6.8 NA 20.5 Imports 8.0 7.3 NA 7.5 Production 31.6 64.4 NA 50.9 Supply, Total 7/ 52.4 78.5 NA 78.9 Domestic & Residual 3/ 31.1 37.0 NA 37.0 Exports 8/ 14.5 21.0 NA 25.0 Use, Total 45.6 58.0 NA 62.0 Ending Stocks 6.8 20.5 NA 16.9 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 33.80 25.00 NA 19.80 California 10/ 40.90 29.00 NA 22.00 Other States 1/ 18.20 17.90 NA 15.00 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2020/21 -2.5; 2021/22-2.0; 22/23 - 2.3. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing -year weighted average price received by farmer s. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The California medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. 10/ Marketing year beginning October 1. * Planted acres reported in March 28, 2024, "Prospective Plantings. " Harvested acres are estimated using long run harvested -to-planted ratios by rice class. Projected yield is based on by class trend analysis. May 2024 WASDE - 648 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Apr May Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 87.5 83.6 NA 86.5 * Area Harvested 86.2 82.4 NA 85.6 * Fil ler Bushels Yield per Harvested Acre 49.6 50.6 NA 52.0 * Million Bushels Beginning Stocks 274 264 NA 340 Production 4,270 4,165 NA 4,450 Imports 25 25 NA 15 Supply, Total 4,569 4,454 NA 4,805 Crushings 2,212 2,300 NA 2,425 Exports 1,992 1,700 NA 1,825 Seed 75 77 NA 78 Residual 27 37 NA 32 Use, Total 4,305 4,114 NA 4,360 Ending Stocks 264 340 NA 445 Avg. Farm Price ($/bu) 2/ 14.20 12.55 NA 11.20 Total SOYBEAN OIL 2022/23 2023/24 E st. 2024/25 Proj. 2024/25 Proj. April May Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,991 1,607 NA 1,677 Production 4/ 26,227 27,070 NA 28,515 Imports 376 550 NA 450 Supply, Total 28,594 29,227 NA 30,642 Domestic Disappearance 26,609 27,200 NA 28,300 Biofuel 3/ 12,491 13,000 NA 14,000 Food, Feed & other Industrial 14,118 14,200 NA 14,300 Exports 378 350 NA 500 Use, Total 26,987 27,550 NA 28,800 Ending stocks 1,607 1,677 NA 1,842 Avg. Price (c/lb) 2/ 65.26 48.00 NA 42.00 Total SOYBEAN MEAL 2022/23 2023/24 E st. 2024/25 Proj. 2024/25 Proj. April May Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 311 371 NA 400 Production 4/ 52,493 54,254 NA 57,075 Imports 632 600 NA 600 Supply, Total 53,436 55,225 NA 58,075 Domestic Disappearance 38,402 39,025 NA 40,325 Exports 14,664 15,800 NA 17,300 Use, Total 53,065 54,825 NA 57,625 Ending Stocks 371 400 NA 450 Avg. Price ($/ s.t.) 2/ 451.91 380.00 NA 330.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects soybean oil used for biofuels as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,300 million bushels for 2023/24 and 2,425 million bushels for 2024/25. *Planted acres are reported in the March 28, 2024 Prospective Plantings repor t. Harvested acres are based on historical planted -to-harvested ratios. The projected yield is based on a weather -adjusted trend model and assumes normal weather. May 2024 WASDE - 648 - 16 U.S. Sugar Supply and Use 1/ 2022/23 2023/24 Est. 2023/24 Est. 2024/25 Proj. Apr May May Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,820 1,843 1,843 1,758 Production 2/ 9,250 9,215 9,131 9,232 Beet Sugar 5,187 5,144 5,095 5,111 Cane Sugar 4,063 4,071 4,036 4,121 Florida 1,985 2,095 2,060 2,036 Louisiana 2,001 1,936 1,936 2,085 Texas 76 40 40 0 Imports 3,614 3,417 3,438 3,028 TRQ 3/ 1,862 1,775 1,798 1,415 Other Program 4/ 141 288 288 200 Non-program 1,611 1,354 1,352 1,413 Mexico 1,156 499 497 1,197 High -tier tariff/other 455 855 855 216 Total Supply 14,685 14,474 14,411 14,019 Exports 82 198 198 100 Deliveries 12,589 12,555 12,455 12,455 Food 12,473 12,450 12,350 12,350 Other 5/ 116 105 105 105 Miscellaneous 171 0 0 0 Total Use 12,843 12,753 12,653 12,555 Ending Stocks 1,843 1,722 1,758 1,464 Stocks to Use Ratio 14.3 13.5 13.9 11.7 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2023/24 and 2024/25 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2023/24, WTO raw sugar TRQ short fall (44) and for 2024/25 (94). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE - reported deliveries: 2022/23 -- 304; estimated 2023/24 -- 291; projected 2024/25 -- NA. Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2023/24 Est. Apr 835 4,572 575 4,618 471 894 2023/24 Est. May 835 4,649 575 4,618 569 872 2024/25 Proj. Apr NA NA NA NA NA NA 2024/25 Proj. May 872 5,189 525 4,661 1,024 900 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2022/23 = 1,392; Estimated 2023/24 = 1,407; Projected 2024/25 = 1,407. Estimated Oct.2023 -Mar. 2024 = 724; Estimated Oct.- Mar. 2023 = 672. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: estimated 2023/24 (425 est = 325 dom.+100 import). Projected 2024/25 (425 proj = 400 dom.+25 import). Statistical Adjustments: 2023/24 (0); 2024/25 (0). May 2024 WASDE - 648 - 17 U.S. Cotton Supply and Use 1/ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Apr May Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 13.75 10.23 NA 10.67 * Harvested 7.29 6.44 NA 9.13 * Fil ler Pounds Yield per Harvested Acre 953 899 NA 842 * Million 480 Pound Bales Beginning Stocks 4.05 4.25 NA 2.40 Production 14.47 12.07 NA 16.00 Imports 0.00 0.01 NA 0.01 Supply, Total 18.52 16.32 NA 18.41 Domestic Use 2.05 1.80 NA 1.90 Exports, Total 12.77 12.30 NA 13.00 Use, Total 14.82 14.10 NA 14.90 Unaccounted 2/ -0.55 -0.18 NA -0.20 Ending Stocks 4.25 2.40 NA 3.70 Avg. Farm Price 3/ 84.8 76.0 NA 74.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Ce nts per pound for upland cotton. *Planted area as reported in March 28, 2024 Prospective Plantings. Harvested area based on 10 -year average abandonment by region, with the Southwest adjusted to reflect moisture conditions. Yield based on 5 -year average yie lds by region. May 2024 WASDE - 648 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2022/23 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 273.16 789.19 212.06 154.91 791.94 220.66 270.42 World Less China 136.41 651.47 198.78 121.91 643.94 219.71 131.60 United States 18.36 44.90 3.32 2.09 30.42 20.65 15.50 Total Foreign 254.81 744.30 208.75 152.82 761.52 200.01 254.91 Major Exporters 4/ 41.03 335.22 13.30 76.06 183.35 161.28 44.93 Argentina 1.93 12.55 0.00 0.25 6.85 3.66 3.97 Australia 3.45 40.55 0.20 4.50 8.00 31.82 4.37 Canada 3.66 34.34 0.55 4.31 9.45 25.59 3.51 European Union 5/ 13.63 134.29 12.19 45.00 109.00 35.08 16.04 Russia 12.09 92.00 0.30 19.00 42.25 48.00 14.14 Ukraine 6.27 21.50 0.06 3.00 7.80 17.12 2.90 Major Importers 6/ 172.92 206.07 134.01 50.69 320.41 15.13 177.46 Bangladesh 1.31 1.10 5.12 0.20 6.70 0.00 0.83 Brazil 1.10 10.55 4.68 0.45 11.85 2.69 1.80 China 136.76 137.72 13.28 33.00 148.00 0.95 138.82 Japan 1.18 1.06 5.45 0.75 6.25 0.29 1.14 N. Africa 7/ 12.72 17.24 29.68 1.67 46.62 0.77 12.25 Nigeria 0.62 0.11 4.73 0.00 4.70 0.40 0.36 Sel. Mideast 8/ 10.22 17.43 24.71 3.58 39.44 0.65 12.26 Southeast Asia 9/ 4.68 0.00 24.54 7.55 24.35 1.28 3.59 Selected Other India 19.50 104.00 0.05 6.50 108.68 5.38 9.50 Kazakhstan 1.49 16.40 3.00 1.80 6.75 10.87 3.27 United Kingdom 1.85 15.54 2.02 7.00 15.00 1.91 2.50 2023/24 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 270.42 787.72 213.74 160.08 800.34 215.65 257.80 World Less China 131.60 651.13 202.24 123.08 646.84 214.75 125.29 United States 15.50 49.31 3.81 2.45 30.32 19.60 18.71 Total Foreign 254.91 738.40 209.93 157.63 770.02 196.06 239.08 Major Exporters 4/ 44.93 322.51 14.73 76.25 184.05 159.50 38.62 Argentina 3.97 15.91 0.05 0.25 7.05 9.00 3.88 Australia 4.37 26.00 0.20 3.50 7.00 20.50 3.07 Canada 3.51 31.95 0.60 4.50 9.70 24.00 2.37 European Union 5/ 16.04 134.15 13.50 47.50 112.00 35.00 16.69 Russia 14.14 91.50 0.30 18.00 41.00 53.50 11.44 Ukraine 2.90 23.00 0.08 2.50 7.30 17.50 1.18 Major Importers 6/ 177.46 207.34 130.67 54.97 328.07 18.48 168.92 Bangladesh 0.83 1.10 6.30 0.25 7.15 0.00 1.08 Brazil 1.80 8.10 5.70 0.60 12.00 2.70 0.90 China 138.82 136.59 11.50 37.00 153.50 0.90 132.51 Japan 1.14 1.14 5.30 0.65 6.15 0.30 1.13 N. Africa 7/ 12.25 16.37 30.10 1.75 46.75 1.50 10.47 Nigeria 0.36 0.12 4.80 0.00 4.60 0.35 0.33 Sel. Mideast 8/ 12.26 20.77 19.77 3.02 39.52 0.76 12.52 Southeast Asia 9/ 3.59 0.00 27.80 8.20 25.75 1.12 4.52 Selected Other India 9.50 110.55 0.12 6.75 112.34 0.33 7.50 Kazakhstan 3.27 12.11 2.50 1.30 6.25 9.50 2.13 United Kingdom 2.50 13.98 2.60 7.10 15.25 0.70 3.13 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancie s in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirat es, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2024 WASDE - 648 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2024/25 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Apr NA NA NA NA NA NA NA May 257.80 798.19 209.42 151.76 802.37 216.00 253.61 World Less China Apr NA NA NA NA NA NA NA May 125.29 658.19 198.42 118.76 652.37 215.10 121.01 United States Apr NA NA NA NA NA NA NA May 18.71 50.56 3.27 2.72 30.59 21.09 20.85 Total Foreign Apr NA NA NA NA NA NA NA May 239.08 747.63 206.16 149.04 771.78 194.91 232.76 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 38.62 321.00 12.14 73.75 181.55 158.50 31.71 Argentina Apr NA NA NA NA NA NA NA May 3.88 17.00 0.01 0.25 7.05 11.50 2.34 Australia Apr NA NA NA NA NA NA NA May 3.07 29.00 0.20 3.50 7.00 22.50 2.77 Canada Apr NA NA NA NA NA NA NA May 2.37 34.00 0.55 4.00 9.30 24.50 3.12 European Union 5/ Apr NA NA NA NA NA NA NA May 16.69 132.00 11.00 46.50 111.25 34.00 14.44 Russia Apr NA NA NA NA NA NA NA May 11.44 88.00 0.30 17.00 39.75 52.00 7.99 Ukraine Apr NA NA NA NA NA NA NA May 1.18 21.00 0.08 2.50 7.20 14.00 1.06 Major Importers 6/ Apr NA NA NA NA NA NA NA May 168.92 212.43 131.32 50.53 325.80 17.91 168.97 Bangladesh Apr NA NA NA NA NA NA NA May 1.08 1.10 6.40 0.25 7.45 0.00 1.13 Brazil Apr NA NA NA NA NA NA NA May 0.90 9.50 5.50 0.50 11.90 3.00 1.00 China Apr NA NA NA NA NA NA NA May 132.51 140.00 11.00 33.00 150.00 0.90 132.61 Japan Apr NA NA NA NA NA NA NA May 1.13 1.16 5.30 0.65 6.10 0.30 1.19 N. Africa 7/ Apr NA NA NA NA NA NA NA May 10.47 16.00 31.50 1.65 47.00 1.10 9.87 Nigeria Apr NA NA NA NA NA NA NA May 0.33 0.12 4.80 0.00 4.50 0.38 0.37 Sel. Mideast 8/ Apr NA NA NA NA NA NA NA May 12.52 22.09 19.42 3.03 40.11 0.81 13.12 Southeast Asia 9/ Apr NA NA NA NA NA NA NA May 4.52 0.00 26.90 8.05 25.95 1.14 4.33 Selected Other India Apr NA NA NA NA NA NA NA May 7.50 114.00 0.30 6.00 113.00 0.30 8.50 Kazakhstan Apr NA NA NA NA NA NA NA May 2.13 14.50 2.00 1.50 6.45 10.50 1.68 United Kingdom Apr NA NA NA NA NA NA NA May 3.13 11.20 3.00 6.00 14.00 0.60 2.73 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2024 WASDE - 648 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2022/23 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 341.35 1,449.72 213.13 891.84 1,459.01 220.35 332.05 World Less China 131.33 1,164.01 180.51 661.59 1,137.45 220.34 125.29 United States 37.48 356.45 3.25 142.39 315.00 45.04 37.14 Total Foreign 303.88 1,093.27 209.87 749.45 1,144.01 175.31 294.92 Major Exporters 4/ 30.35 331.29 4.60 139.31 190.91 145.91 29.42 Argentina 5.58 42.84 0.02 11.65 17.58 28.75 2.11 Australia 3.61 18.84 0.00 5.77 7.65 10.89 3.92 Brazil 4.47 143.49 1.98 67.35 84.99 54.28 10.67 Canada 3.71 30.54 2.18 17.11 24.76 7.95 3.72 Russia 1.85 44.13 0.10 23.68 33.15 10.62 2.32 Ukraine 8.84 33.93 0.02 6.70 9.08 29.92 3.79 Major Importers 5/ 38.36 229.17 135.95 272.95 354.46 13.07 35.94 European Union 6/ 18.81 132.96 25.51 111.78 150.44 11.11 15.72 Japan 1.56 0.24 16.45 13.11 16.80 0.00 1.45 Mexico 3.93 33.88 20.24 32.88 52.75 0.10 5.20 N. Afr & Mideast 7/ 6.63 31.12 32.85 54.91 62.69 1.06 6.85 Saudi Arabia 1.41 0.25 7.61 7.51 7.85 0.00 1.41 Southeast Asia 8/ 3.30 30.46 17.80 39.49 47.90 0.80 2.86 South Korea 2.07 0.16 11.23 9.04 11.55 0.00 1.91 Selected Other China 210.02 285.70 32.62 230.25 321.57 0.01 206.77 2023/24 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 332.05 1,502.13 225.54 913.86 1,494.60 238.68 339.58 World Less China 125.29 1,204.99 184.44 672.86 1,161.30 238.65 127.90 United States 37.14 402.89 2.56 148.42 327.54 60.96 54.08 Total Foreign 294.92 1,099.24 222.98 765.44 1,167.05 177.72 285.50 Major Exporters 4/ 29.42 326.26 5.70 139.40 191.58 149.57 20.24 Argentina 2.11 61.28 0.02 12.21 18.47 42.50 2.43 Australia 3.92 14.34 0.00 5.86 7.74 8.66 1.86 Brazil 10.67 128.15 1.88 68.64 86.18 50.14 4.38 Canada 3.72 27.16 3.30 17.40 25.34 5.80 3.03 Russia 2.32 42.54 0.10 21.94 31.04 11.80 2.12 Ukraine 3.79 38.28 0.02 6.77 9.40 28.45 4.24 Major Importers 5/ 35.94 229.42 139.16 275.89 359.23 13.63 31.66 European Union 6/ 15.72 135.96 23.15 110.40 150.07 10.50 14.27 Japan 1.45 0.25 17.01 13.32 17.22 0.00 1.49 Mexico 5.20 28.42 21.90 32.78 52.73 0.05 2.74 N. Afr & Mideast 7/ 6.85 33.32 36.09 59.45 67.73 2.52 6.01 Saudi Arabia 1.41 0.24 6.11 6.02 6.36 0.00 1.40 Southeast Asia 8/ 2.86 30.96 18.51 40.05 48.50 0.56 3.26 South Korea 1.91 0.16 11.71 9.34 11.83 0.00 1.96 Selected Other China 206.77 297.14 41.10 241.00 333.30 0.03 211.68 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grai n in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Afr ica and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2024 WASDE - 648 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2024/25 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Apr NA NA NA NA NA NA NA May 339.58 1,512.62 225.14 936.85 1,512.76 232.92 339.45 World Less China Apr NA NA NA NA NA NA NA May 127.90 1,212.32 183.69 689.20 1,172.81 232.90 125.99 United States Apr NA NA NA NA NA NA NA May 54.08 391.77 2.51 149.86 329.40 62.59 56.39 Total Foreign Apr NA NA NA NA NA NA NA May 285.50 1,120.85 222.63 786.99 1,183.36 170.34 283.06 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 20.24 329.33 4.58 140.54 193.05 143.36 17.75 Argentina Apr NA NA NA NA NA NA NA May 2.43 59.99 0.01 12.43 18.84 40.70 2.89 Australia Apr NA NA NA NA NA NA NA May 1.86 14.87 0.00 5.49 7.36 7.61 1.76 Brazil Apr NA NA NA NA NA NA NA May 4.38 133.76 2.02 70.05 87.59 49.09 3.49 Canada Apr NA NA NA NA NA NA NA May 3.03 28.68 2.29 17.40 25.45 5.73 2.82 Russia Apr NA NA NA NA NA NA NA May 2.12 41.53 0.10 21.96 31.13 10.65 1.97 Ukraine Apr NA NA NA NA NA NA NA May 4.24 32.97 0.02 6.16 8.58 26.36 2.29 Major Importers 5/ Apr NA NA NA NA NA NA NA May 31.66 243.12 140.25 285.70 369.49 13.30 32.25 European Union 6/ Apr NA NA NA NA NA NA NA May 14.27 148.19 19.49 114.79 154.68 11.97 15.30 Japan Apr NA NA NA NA NA NA NA May 1.49 0.26 16.91 13.45 17.20 0.00 1.47 Mexico Apr NA NA NA NA NA NA NA May 2.74 30.36 22.58 33.00 53.00 0.05 2.62 N. Afr & Mideast 7/ Apr NA NA NA NA NA NA NA May 6.01 32.29 38.04 61.54 69.76 0.72 5.87 Saudi Arabia Apr NA NA NA NA NA NA NA May 1.40 0.24 7.61 7.52 7.86 0.00 1.39 Southeast Asia 8/ Apr NA NA NA NA NA NA NA May 3.26 31.51 19.06 41.35 50.20 0.56 3.05 South Korea Apr NA NA NA NA NA NA NA May 1.96 0.16 11.80 9.43 11.92 0.00 2.00 Selected Other China Apr NA NA NA NA NA NA NA May 211.68 300.30 41.45 247.65 339.95 0.03 213.46 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Afr ica and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Isra el, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2024 WASDE - 648 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2022/23 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 313.59 1,157.88 173.46 732.08 1,170.56 180.36 300.91 World Less China 104.46 880.68 154.75 514.08 871.56 180.35 94.87 United States 34.98 346.74 0.98 139.36 305.95 42.20 34.55 Total Foreign 278.62 811.14 172.48 592.71 864.61 138.17 266.36 Major Exporters 4/ 19.40 232.93 1.49 91.30 120.10 116.03 17.69 Argentina 4.75 36.00 0.02 10.00 14.20 25.24 1.32 Brazil 3.97 137.00 1.33 61.50 78.00 54.26 10.04 Russia 0.93 15.83 0.05 8.90 10.00 5.90 0.91 South Africa 1.95 17.10 0.07 6.90 13.00 3.50 2.62 Ukraine 7.80 27.00 0.02 4.00 4.90 27.12 2.80 Major Importers 5/ 23.59 118.42 95.26 157.25 211.95 5.10 20.21 Egypt 1.56 7.44 6.22 11.20 13.70 0.00 1.51 European Union 6/ 11.51 52.29 23.21 55.50 75.20 4.20 7.61 Japan 1.36 0.01 14.93 11.70 15.00 0.00 1.30 Mexico 3.16 28.08 19.36 27.50 46.00 0.10 4.50 Southeast Asia 7/ 3.29 30.41 16.25 38.15 46.30 0.80 2.85 South Korea 2.06 0.09 11.10 9.00 11.35 0.00 1.90 Selected Other Canada 2.75 14.54 2.13 9.59 14.93 2.86 1.63 China 209.14 277.20 18.71 218.00 299.00 0.01 206.04 2023/24 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2 / Exports Ending Stocks World 3/ 300.91 1,228.09 185.75 760.25 1,215.92 197.38 313.08 World Less China 94.87 939.25 162.75 535.25 908.92 197.36 102.22 United States 34.55 389.69 0.64 144.79 318.91 54.61 51.36 Total Foreign 266.36 838.40 185.11 615.46 897.01 142.77 261.72 Major Exporters 4/ 17.69 236.60 1.53 93.60 122.90 121.80 11.12 Argentina 1.32 53.00 0.02 10.40 14.80 38.00 1.54 Brazil 10.04 122.00 1.30 63.00 79.50 50.00 3.84 Russia 0.91 16.60 0.05 9.90 11.00 5.60 0.96 South Africa 2.62 14.00 0.15 6.40 12.70 2.20 1.87 Ukraine 2.80 31.00 0.02 3.90 4.90 26.00 2.91 Major Importers 5/ 20.21 122.62 99.00 163.25 218.80 4.81 18.21 Egypt 1.51 7.20 7.50 12.30 14.80 0.00 1.41 European Union 6/ 7.61 61.00 21.00 57.70 77.90 4.20 7.51 Japan 1.30 0.01 15.50 12.00 15.50 0.00 1.31 Mexico 4.50 23.30 21.10 28.00 46.60 0.05 2.25 Southeast Asia 7/ 2.85 30.91 17.70 39.45 47.65 0.56 3.25 South Korea 1.90 0.09 11.60 9.30 11.65 0.00 1.94 Selected Other Canada 1.63 15.08 3.20 11.00 16.50 1.80 1.60 China 206.04 288.84 23.00 225.00 307.00 0.02 210.86 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2024 WASDE - 648 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2024/25 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Apr NA NA NA NA NA NA NA May 313.08 1,219.93 184.37 774.03 1,220.75 191.10 312.27 World Less China Apr NA NA NA NA NA NA NA May 102.22 927.93 161.37 543.03 907.75 191.08 99.42 United States Apr NA NA NA NA NA NA NA May 51.36 377.46 0.64 146.06 320.18 55.88 53.39 Total Foreign Apr NA NA NA NA NA NA NA May 261.72 842.47 183.74 627.98 900.57 135.21 258.88 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 11.12 238.00 1.58 94.50 124.05 117.40 9.25 Argentina Apr NA NA NA NA NA NA NA May 1.54 51.00 0.01 10.30 14.80 36.00 1.74 Brazil Apr NA NA NA NA NA NA NA May 3.84 127.00 1.50 64.00 80.50 49.00 2.84 Russia Apr NA NA NA NA NA NA NA May 0.96 16.00 0.05 9.80 10.90 5.20 0.91 South Africa Apr NA NA NA NA NA NA NA May 1.87 17.00 0.00 6.90 13.40 3.20 2.27 Ukraine Apr NA NA NA NA NA NA NA May 2.91 27.00 0.02 3.50 4.45 24.00 1.48 Major Importers 5/ Apr NA NA NA NA NA NA NA May 18.21 129.07 97.95 166.45 222.55 4.81 17.87 Egypt Apr NA NA NA NA NA NA NA May 1.41 7.60 8.00 13.10 15.60 0.00 1.41 European Union 6/ Apr NA NA NA NA NA NA NA May 7.51 64.80 18.00 58.20 78.60 4.20 7.51 Japan Apr NA NA NA NA NA NA NA May 1.31 0.02 15.50 12.20 15.55 0.00 1.27 Mexico Apr NA NA NA NA NA NA NA May 2.25 25.00 21.80 28.20 46.90 0.05 2.10 Southeast Asia 7/ Apr NA NA NA NA NA NA NA May 3.25 31.46 18.25 40.75 49.35 0.56 3.05 South Korea Apr NA NA NA NA NA NA NA May 1.94 0.10 11.70 9.40 11.75 0.00 1.99 Selected Other Canada Apr NA NA NA NA NA NA NA May 1.60 15.00 2.20 10.00 15.50 1.70 1.60 China Apr NA NA NA NA NA NA NA May 210.86 292.00 23.00 231.00 313.00 0.02 212.84 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2024 WASDE - 648 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2022/23 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 183.68 515.78 56.64 520.26 54.62 179.20 World Less China 70.68 369.84 52.26 365.27 52.89 72.60 United States 1.26 5.08 1.27 4.61 2.04 0.96 Total Foreign 182.42 510.70 55.38 515.66 52.58 178.24 Major Exporters 4/ 44.44 202.70 2.81 163.11 42.54 44.31 Burma 1.08 11.80 0.01 10.20 1.58 1.11 India 34.00 135.76 0.00 114.51 20.25 35.00 Pakistan 2.38 7.30 0.01 3.90 3.76 2.03 Thailand 4.13 20.91 0.05 12.60 8.74 3.75 Vietnam 2.86 26.94 2.75 21.90 8.23 2.42 Major Importers 5/ 125.49 238.77 23.40 263.89 2.16 121.60 China 113.00 145.95 4.38 154.99 1.74 106.60 European Union 6/ 0.91 1.29 2.31 3.30 0.39 0.81 Indonesia 2.90 33.90 3.50 35.60 0.00 4.70 Nigeria 2.05 5.36 2.28 7.50 0.00 2.18 Philippines 3.10 12.63 3.75 16.00 0.00 3.48 Sel. Mideast 7/ 1.16 2.01 4.46 6.35 0.00 1.27 Selected Other Brazil 0.90 6.82 1.04 7.00 1.15 0.62 C. Amer & Carib 8/ 0.57 1.49 1.97 3.34 0.05 0.65 Egypt 0.61 3.60 0.39 4.00 0.01 0.60 Japan 1.90 7.48 0.66 8.15 0.08 1.81 Mexico 0.14 0.14 0.78 0.98 0.00 0.09 South Korea 1.33 3.76 0.26 3.95 0.06 1.35 2023/24 Est. Beginning Stocks Productio n Imports Total /2 Domestic Exports Ending Stocks World 3/ 179.20 517.34 50.46 521.63 53.24 174.91 World Less China 72.60 372.72 48.86 373.41 51.64 71.91 United States 0.96 6.93 1.38 4.99 2.99 1.30 Total Foreign 178.24 510.41 49.08 516.64 50.25 173.61 Major Exporters 4/ 44.31 201.95 2.86 165.20 39.90 44.01 Burma 1.11 11.95 0.00 10.10 2.00 0.96 India 35.00 134.00 0.00 116.50 16.00 36.50 Pakistan 2.03 9.00 0.01 4.00 5.50 1.53 Thailand 3.75 20.00 0.10 12.60 8.40 2.85 Vietnam 2.42 27.00 2.75 22.00 8.00 2.17 Major Importers 5/ 121.60 237.20 19.25 258.37 2.00 117.68 China 106.60 144.62 1.60 148.22 1.60 103.00 European Union 6/ 0.81 1.38 2.10 3.25 0.36 0.68 Indonesia 4.70 33.02 3.50 36.00 0.00 5.22 Nigeria 2.18 5.36 1.80 7.50 0.00 1.83 Philippines 3.48 12.50 4.20 16.60 0.00 3.58 Sel. Mideast 7/ 1.27 2.02 4.60 6.55 0.00 1.34 Selected Other Brazil 0.62 7.24 1.20 7.10 1.30 0.66 C. Amer & Carib 8/ 0.65 1.51 1.72 3.17 0.03 0.68 Egypt 0.60 3.78 0.35 4.10 0.01 0.63 Japan 1.81 7.27 0.69 8.00 0.08 1.69 Mexico 0.09 0.15 0.83 0.98 0.01 0.08 South Korea 1.35 3.70 0.46 3.93 0.10 1.48 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. May 2024 WASDE - 648 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2024/25 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Apr NA NA NA NA NA NA May 174.91 527.61 49.97 526.40 53.76 176.12 World Less China Apr NA NA NA NA NA NA May 71.91 381.61 48.47 381.40 52.26 72.12 United States Apr NA NA NA NA NA NA May 1.30 6.99 1.41 5.08 3.18 1.45 Total Foreign Apr NA NA NA NA NA NA May 173.61 520.61 48.56 521.32 50.59 174.67 Major Exporters 4/ Apr NA NA NA NA NA NA May 44.01 206.70 3.06 169.00 40.00 44.77 Burma Apr NA NA NA NA NA NA May 0.96 12.10 0.01 10.20 1.80 1.07 India Apr NA NA NA NA NA NA May 36.50 138.00 0.00 120.00 18.00 36.50 Pakistan Apr NA NA NA NA NA NA May 1.53 9.50 0.00 4.10 5.20 1.73 Thailand Apr NA NA NA NA NA NA May 2.85 20.10 0.10 12.60 7.50 2.95 Vietnam Apr NA NA NA NA NA NA May 2.17 27.00 2.95 22.10 7.50 2.52 Major Importers 5/ Apr NA NA NA NA NA NA May 117.68 241.47 17.55 257.10 1.95 117.66 China Apr NA NA NA NA NA NA May 103.00 146.00 1.50 145.00 1.50 104.00 European Union 6/ Apr NA NA NA NA NA NA May 0.68 1.72 2.20 3.35 0.40 0.85 Indonesia Apr NA NA NA NA NA NA May 5.22 34.00 1.50 36.50 0.00 4.22 Nigeria Apr NA NA NA NA NA NA May 1.83 5.48 2.00 7.60 0.00 1.71 Philippines Apr NA NA NA NA NA NA May 3.58 12.70 4.20 17.10 0.00 3.38 Sel. Mideast 7/ Apr NA NA NA NA NA NA May 1.34 2.28 4.70 6.85 0.00 1.46 Selected Other Brazil Apr NA NA NA NA NA NA May 0.66 7.50 1.00 6.95 1.30 0.91 C. Amer & Carib 8/ Apr NA NA NA NA NA NA May 0.68 1.55 1.84 3.31 0.03 0.72 Egypt Apr NA NA NA NA NA NA May 0.63 3.60 0.40 4.15 0.01 0.47 Japan Apr NA NA NA NA NA NA May 1.69 7.20 0.69 7.95 0.08 1.55 Mexico Apr NA NA NA NA NA NA May 0.08 0.16 0.84 0.99 0.01 0.08 South Korea Apr NA NA NA NA NA NA May 1.48 3.60 0.44 3.90 0.13 1.49 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. May 2024 WASDE - 648 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2022/23 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 74.50 116.31 37.65 111.67 37.11 -0.73 80.42 World Less China 36.44 85.61 31.42 74.17 37.01 -0.73 43.02 United States 4.05 14.47 3/ 2.05 12.77 -0.55 4.25 Total Foreign 70.45 101.84 37.65 109.62 24.34 -0.19 76.17 Major Exporters 4/ 21.44 55.76 2.38 32.34 20.06 -0.20 27.38 Central Asia 5/ 2.43 5.54 0.01 3.55 1.13 0.00 3.30 Afr. Fr. Zone 6/ 1.01 4.02 3/ 0.10 3.98 0.00 0.96 S. Hemis. 7/ 9.19 19.32 0.14 4.12 13.39 -0.20 11.34 Australia 4.98 5.80 3/ 0.01 6.19 -0.20 4.78 Brazil 2.05 11.72 0.01 3.11 6.66 0.00 4.01 India 8.40 26.30 1.73 24.00 1.10 0.00 11.32 Major Importers 8/ 46.67 42.88 32.86 73.57 3.01 0.02 45.83 Mexico 0.32 1.58 0.69 1.80 0.41 0.00 0.38 China 38.06 30.70 6.23 37.50 0.09 0.00 37.40 European Union 9/ 0.30 1.64 0.52 0.56 1.52 0.00 0.39 Turkey 1.92 4.90 4.19 7.50 0.86 0.02 2.63 Pakistan 1.93 3.90 4.50 8.70 0.10 0.00 1.53 Indonesia 0.46 3/ 1.66 1.75 0.02 0.00 0.36 Thailand 0.15 3/ 0.66 0.68 0.00 0.00 0.14 Bangladesh 2.28 0.15 7.00 7.70 0.00 0.00 1.73 Vietnam 1.02 3/ 6.47 6.45 0.00 0.00 1.05 2023/24 Est. Beginning Stocks Productio n Imports Domestic Use Exports Loss /2 Ending Stocks World 80.42 113.57 43.98 113.36 44.48 -0.35 80.48 World Less China 43.02 86.07 29.18 74.86 44.41 -0.35 39.35 United States 4.25 12.07 0.01 1.80 12.30 -0.18 2.40 Total Foreign 76.17 101.50 43.97 111.56 32.18 -0.18 78.08 Major Exporters 4/ 27.38 58.61 1.66 33.62 27.65 -0.18 26.56 Central Asia 5/ 3.30 5.20 0.01 3.89 1.38 0.00 3.24 Afr. Fr. Zone 6/ 0.96 4.93 3/ 0.10 4.46 0.00 1.33 S. Hemis. 7/ 11.34 21.97 0.15 4.26 19.27 -0.18 10.12 Australia 4.78 5.00 3/ 0.01 6.00 -0.18 3.95 Brazil 4.01 14.57 0.01 3.20 12.10 0.00 3.29 India 11.32 26.00 1.00 24.70 2.10 0.00 11.52 Major Importers 8/ 45.83 39.51 39.73 74.08 2.78 0.00 48.21 Mexico 0.38 0.90 0.60 1.40 0.23 0.00 0.25 China 37.40 27.50 14.80 38.50 0.08 0.00 41.13 European Union 9/ 0.39 1.05 0.52 0.55 0.95 0.00 0.46 Turkey 2.63 3.20 3.70 6.70 1.40 0.00 1.43 Pakistan 1.53 6.70 2.80 9.30 0.10 0.00 1.63 Indonesia 0.36 3/ 1.90 1.85 0.02 0.00 0.40 Thailand 0.14 3/ 0.43 0.47 0.00 0.00 0.10 Bangladesh 1.73 0.16 7.40 7.70 0.00 0.00 1.59 Vietnam 1.05 3/ 6.80 6.80 0.00 0.00 1.05 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. May 2024 WASDE - 648 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2024/25 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Apr NA NA NA NA NA NA NA May 80.48 119.05 44.95 116.86 44.98 -0.37 83.01 World Less China Apr NA NA NA NA NA NA NA May 39.35 92.05 32.95 77.86 44.88 -0.37 41.98 United States Apr NA NA NA NA NA NA NA May 2.40 16.00 0.01 1.90 13.00 -0.20 3.70 filler filler filler filler filler filler filler Total Foreign Apr NA NA NA NA NA NA NA May 78.08 103.05 44.94 114.96 31.98 -0.18 79.31 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 26.56 59.83 2.22 34.43 27.77 -0.18 26.59 Central Asia 5/ Apr NA NA NA NA NA NA NA May 3.24 5.19 0.03 4.10 1.31 0.00 3.05 Afr. Fr. Zone 6/ Apr NA NA NA NA NA NA NA May 1.33 5.12 3/ 0.10 4.90 0.00 1.45 S. Hemis. 7/ Apr NA NA NA NA NA NA NA May 10.12 24.05 0.15 4.36 19.13 -0.18 11.00 Australia Apr NA NA NA NA NA NA NA May 3.95 5.00 3/ 0.01 5.30 -0.18 3.81 filler filler filler filler filler filler filler Brazil Apr NA NA NA NA NA NA NA May 3.29 16.70 0.01 3.30 12.50 0.00 4.20 India Apr NA NA NA NA NA NA NA May 11.52 25.00 1.50 25.20 2.00 0.00 10.82 Major Importers 8/ Apr NA NA NA NA NA NA NA May 48.21 39.82 40.02 76.57 2.42 0.00 49.06 Mexico Apr NA NA NA NA NA NA NA May 0.25 0.80 0.90 1.50 0.20 0.00 0.25 China Apr NA NA NA NA NA NA NA May 41.13 27.00 12.00 39.00 0.10 0.00 41.03 European Union 9/ Apr NA NA NA NA NA NA NA May 0.46 1.36 0.55 0.57 1.25 0.00 0.55 Turkey Apr NA NA NA NA NA NA NA May 1.43 4.00 4.70 7.50 0.80 0.00 1.83 Pakistan Apr NA NA NA NA NA NA NA May 1.63 6.50 3.70 9.80 0.05 0.00 1.98 Indonesia Apr NA NA NA NA NA NA NA May 0.40 3/ 2.00 2.00 0.01 0.00 0.39 Thailand Apr NA NA NA NA NA NA NA May 0.10 3/ 0.40 0.42 0.00 0.00 0.09 Bangladesh Apr NA NA NA NA NA NA NA May 1.59 0.16 8.00 8.00 0.00 0.00 1.74 Vietnam Apr NA NA NA NA NA NA NA May 1.05 3/ 7.00 7.00 0.00 0.00 1.05 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia and the United States, reflects the d ifference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkm enistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countr ies and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. May 2024 WASDE - 648 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2022/23 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 92.56 378.20 167.86 315.34 366.04 172.05 100.53 World Less China 67.41 357.92 63.36 219.34 248.54 171.96 68.19 United States 7.47 116.22 0.67 60.20 62.96 54.21 7.19 Total Foreign 85.09 261.98 167.19 255.14 303.09 117.84 93.34 Major Exporters 3/ 51.49 197.75 9.25 87.23 97.45 106.96 54.09 Argentina 23.69 25.00 9.06 30.32 36.57 4.19 17.00 Brazil 27.38 162.00 0.15 53.41 57.21 95.50 36.82 Paraguay 0.18 10.05 0.01 3.45 3.58 6.50 0.17 Major Importers 4/ 27.77 23.80 135.67 123.47 152.40 0.33 34.51 China 25.15 20.28 104.50 96.00 117.50 0.09 32.34 European Union 1.45 2.61 13.14 14.30 15.87 0.23 1.10 Southeast Asia 5/ 0.64 0.49 8.25 3.92 8.70 0.01 0.67 Mexico 0.30 0.18 6.44 6.65 6.70 0.00 0.22 2023/24 Est. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 100.53 396.95 170.30 329.97 383.53 172.47 111.78 World Less China 68.19 376.11 65.30 230.97 261.83 172.37 75.40 United States 7.19 113.34 0.68 62.60 65.69 46.27 9.26 Total Foreign 93.34 283.60 169.62 267.38 317.84 126.20 102.53 Major Exporters 3/ 54.09 217.70 6.98 93.10 104.50 115.90 58.37 Argentina 17.00 50.00 6.50 35.50 42.75 4.60 26.15 Brazil 36.82 154.00 0.45 54.00 57.85 102.00 31.42 Paraguay 0.17 10.50 0.02 3.50 3.65 6.50 0.54 Major Importers 4/ 34.51 24.73 138.54 127.60 158.08 0.42 39.28 China 32.34 20.84 105.00 99.00 121.70 0.10 36.38 European Union 1.10 2.98 14.30 14.90 16.62 0.30 1.46 Southeast Asia 5/ 0.67 0.47 9.34 4.59 9.52 0.01 0.95 Mexico 0.22 0.19 6.40 6.48 6.54 0.01 0.26 2024/25 Proj. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ Apr NA NA NA NA NA NA NA May 111.78 422.26 176.40 345.87 401.74 180.20 128.50 World Less China Apr NA NA NA NA NA NA NA May 75.40 401.56 67.40 242.87 274.94 180.10 89.32 United States Apr NA NA NA NA NA NA NA May 9.26 121.11 0.41 66.00 68.99 49.67 12.11 Total Foreign Apr NA NA NA NA NA NA NA May 102.53 301.15 175.99 279.88 332.75 130.53 116.39 Major Exporters 3/ Apr NA NA NA NA NA NA NA May 58.37 233.80 5.68 97.75 109.78 120.10 67.97 Argentina Apr NA NA NA NA NA NA NA May 26.15 51.00 5.50 40.00 47.60 5.50 29.55 Brazil Apr NA NA NA NA NA NA NA May 31.42 169.00 0.15 54.00 58.10 105.00 37.47 Paraguay Apr NA NA NA NA NA NA NA May 0.54 10.70 0.02 3.65 3.83 6.80 0.63 Major Importers 4/ Apr NA NA NA NA NA NA NA May 39.28 24.62 143.36 132.35 164.28 0.42 42.56 China Apr NA NA NA NA NA NA NA May 36.38 20.70 109.00 103.00 126.80 0.10 39.18 European Union Apr NA NA NA NA NA NA NA May 1.46 3.05 14.30 15.20 17.02 0.30 1.49 Southeast Asia 5/ Apr NA NA NA NA NA NA NA May 0.95 0.46 10.01 5.00 10.16 0.01 1.24 Mexico Apr NA NA NA NA NA NA NA May 0.26 0.16 6.70 6.65 6.71 0.00 0.41 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and impo rts. Therefore, world supply may not equal world use. 3/ Includes Uruguay 4/ Includes Japan 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. May 2024 WASDE - 648 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2022/23 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 16.23 247.75 62.98 246.66 67.18 13.11 World Less China 15.52 171.72 62.94 171.61 66.39 12.18 United States 0.28 47.62 0.57 34.84 13.30 0.34 Total Foreign 15.95 200.13 62.40 211.83 53.88 12.78 Major Exporters 3/ 6.88 73.01 0.10 30.38 43.96 5.66 Argentina 2.80 23.65 0.07 3.45 20.75 2.31 Brazil 3.66 41.13 0.01 20.30 21.33 3.15 India 0.42 8.24 0.03 6.63 1.87 0.20 Major Importers 4/ 2.28 21.57 36.77 57.95 0.98 1.68 European Union 0.66 11.30 16.01 26.74 0.74 0.49 Mexico 0.15 5.26 1.67 6.93 0.00 0.15 Southeast Asia 5/ 1.37 3.05 17.55 20.73 0.24 1.01 China 0.71 76.03 0.04 75.05 0.80 0.94 2023/24 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 13.11 258.93 67.59 254.44 71.01 14.19 World Less China 12.18 180.53 67.54 177.09 70.01 13.15 United States 0.34 49.22 0.54 35.40 14.33 0.36 Total Foreign 12.78 209.72 67.05 219.03 56.68 13.83 Major Exporters 3/ 5.66 77.99 0.07 31.25 46.90 5.57 Argentina 2.31 27.69 0.01 3.48 24.40 2.14 Brazil 3.15 41.58 0.01 20.60 21.10 3.04 India 0.20 8.72 0.05 7.17 1.40 0.40 Major Importers 4/ 1.68 22.45 38.10 59.07 0.99 2.17 European Union 0.49 11.77 15.80 26.74 0.70 0.61 Mexico 0.15 5.12 2.08 7.15 0.00 0.19 Southeast Asia 5/ 1.01 3.58 18.63 21.62 0.29 1.30 China 0.94 78.41 0.05 77.35 1.00 1.05 2024/25 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Apr NA NA NA NA NA NA May 14.19 271.31 70.94 265.64 74.51 16.29 World Less China Apr NA NA NA NA NA NA May 13.15 189.74 70.89 185.19 73.51 15.07 United States Apr NA NA NA NA NA NA May 0.36 51.78 0.54 36.58 15.69 0.41 Total Foreign Apr NA NA NA NA NA NA May 13.83 219.54 70.39 229.05 58.82 15.88 Major Exporters 3/ Apr NA NA NA NA NA NA May 5.57 81.58 0.07 32.38 49.00 5.85 Argentina Apr NA NA NA NA NA NA May 2.14 31.20 0.01 3.55 27.30 2.50 Brazil Apr NA NA NA NA NA NA May 3.04 41.58 0.01 21.20 20.50 2.93 India Apr NA NA NA NA NA NA May 0.40 8.80 0.05 7.63 1.20 0.42 Major Importers 4/ Apr NA NA NA NA NA NA May 2.17 23.04 39.70 61.19 1.19 2.53 European Union Apr NA NA NA NA NA NA May 0.61 12.01 16.20 27.24 0.90 0.68 Mexico Apr NA NA NA NA NA NA May 0.19 5.26 2.20 7.40 0.00 0.24 Southeast Asia 5/ Apr NA NA NA NA NA NA May 1.30 3.90 19.55 22.94 0.29 1.53 China Apr NA NA NA NA NA NA May 1.05 81.58 0.05 80.45 1.00 1.22 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ Includes Japan. 5/ Indonesia, Malaysi a, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. May 2024 WASDE - 648 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2022/23 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 5.10 59.60 10.96 58.94 11.71 5.01 World Less China 4.72 42.39 10.56 41.94 11.60 4.13 United States 0.90 11.90 0.17 12.07 0.17 0.73 Total Foreign 4.20 47.70 10.79 46.87 11.54 4.28 Major Exporters 3/ 2.04 19.94 0.65 12.91 8.27 1.46 Argentina 0.53 5.99 0.00 2.06 4.14 0.32 Brazil 0.95 10.58 0.03 8.38 2.69 0.49 European Union 0.55 2.72 0.62 2.41 0.92 0.56 Major Importers 4/ 0.83 20.10 6.32 25.37 0.20 1.68 China 0.39 17.20 0.40 17.00 0.11 0.87 India 0.19 1.85 3.97 5.40 0.01 0.60 North Africa 5/ 0.24 0.74 1.28 1.98 0.08 0.19 2023/24 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 5.01 62.41 10.61 61.36 11.35 5.31 World Less China 4.13 44.67 10.21 43.46 11.25 4.29 United States 0.73 12.28 0.25 12.34 0.16 0.76 Total Foreign 4.28 50.13 10.36 49.03 11.20 4.54 Major Exporters 3/ 1.46 21.31 0.54 13.73 8.04 1.53 Argentina 0.32 7.01 0.00 2.25 4.80 0.28 Brazil 0.49 10.80 0.04 8.95 1.80 0.58 European Union 0.56 2.83 0.50 2.46 0.80 0.64 Major Importers 4/ 1.68 20.96 5.40 26.13 0.18 1.74 China 0.87 17.74 0.40 17.90 0.10 1.02 India 0.60 1.96 3.00 5.15 0.02 0.39 North Africa 5/ 0.19 0.90 1.30 2.08 0.05 0.27 2024/25 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Apr NA NA NA NA NA NA May 5.31 65.39 11.14 64.54 12.01 5.28 World Less China Apr NA NA NA NA NA NA May 4.29 46.93 10.74 45.74 11.91 4.31 United States Apr NA NA NA NA NA NA May 0.76 12.93 0.20 12.84 0.23 0.84 Total Foreign Apr NA NA NA NA NA NA May 4.54 52.46 10.93 51.71 11.78 4.45 Major Exporters 3/ Apr NA NA NA NA NA NA May 1.53 22.28 0.49 14.27 8.56 1.48 Argentina Apr NA NA NA NA NA NA May 0.28 7.90 0.00 2.36 5.50 0.32 Brazil Apr NA NA NA NA NA NA May 0.58 10.80 0.04 9.43 1.40 0.60 European Union Apr NA NA NA NA NA NA May 0.64 2.89 0.45 2.41 1.05 0.52 Major Importers 4/ Apr NA NA NA NA NA NA May 1.74 21.87 5.80 27.64 0.21 1.56 China Apr NA NA NA NA NA NA May 1.02 18.46 0.40 18.80 0.10 0.97 India Apr NA NA NA NA NA NA May 0.39 1.98 3.50 5.60 0.02 0.26 North Africa 5/ Apr NA NA NA NA NA NA May 0.27 1.04 1.25 2.20 0.08 0.29 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Includes Paraguay 4/ Includes Bangladesh 5/ Algeria, Egypt, Morocco, a nd Tunisia. Totals may not add due to rounding. May 2024 WASDE - 648 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2023 II 6,712 6,593 13,351 11,546 1,410 13,106 26,457 2,272 58.0 III 6,622 6,490 13,153 11,681 1,355 13,195 26,348 2,311 56.0 IV 6,810 7,148 14,003 11,611 1,343 13,090 27,094 2,352 55.5 Annual 26,967 27,302 54,448 46,387 5,457 52,431 106,880 9,142 226.4 2024 I 6,560 7,094 13,699 11,430 1,269 12,834 26,533 2,265 56.9 II* 6,820 6,690 13,555 11,725 1,310 13,180 26,735 2,260 57.9 III* 6,630 6,820 13,496 11,850 1,310 13,305 26,801 2,320 56.4 IV* 6,585 7,460 14,093 11,800 1,325 13,265 27,358 2,385 56.1 Annual Apr Proj. 26,455 28,090 54,727 47,100 5,375 53,048 107,775 9,223 226.3 May Proj. 26,595 28,064 54,842 46,805 5,214 52,584 107,426 9,230 227.3 2025 I* 6,280 7,180 13,505 11,800 1,300 13,245 26,750 2,365 57.2 Annual Apr Proj. NA NA NA NA NA NA NA NA NA May Proj. 25,120 28,400 53,698 47,550 5,320 53,450 107,148 9,480 229.3 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2023 II 179.02 56.69 139.3 156.2 135.8 19.17 III 184.27 69.27 115.3 132.5 135.8 19.27 IV 177.93 53.58 118.5 100.8 182.2 21.17 Annual 175.54 58.59 124.4 140.1 192.4 20.34 2024 I 181.03 54.97 128.0 92.1 258.5 20.65 II* 184.00 68.00 132.0 93.0 190.0 21.20 III* 182.00 71.00 124.0 98.0 170.0 21.25 IV* 187.00 56.00 124.0 98.0 175.0 21.75 Annual Apr Proj. 185.01 62.99 129.2 104.3 203.4 20.90 May Proj. 183.51 62.49 127.0 95.3 198.4 21.20 2025 I* 185.00 59.00 124.0 95.0 160.0 21.10 Annual Apr Proj. NA NA NA NA NA NA May Proj. 188 60 126 105 156 20.90 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. May 2024 WASDE - 648 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2023 723 27,034 3,727 31,485 3,038 638 27,809 58.1 2024 Proj. Apr 638 26,523 4,175 31,336 2,805 585 27,946 58.1 May 638 26,662 4,171 31,470 2,818 585 28,067 58.3 2025 Proj. Apr NA NA NA NA NA NA NA NA May 585 25,187 4,225 29,997 2,500 570 26,927 55.6 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2023 504 27,318 1,143 28,965 6,818 471 21,676 50.2 2024 Proj. Apr 471 28,105 1,205 29,782 7,340 435 22,007 50.7 May 471 28,079 1,203 29,754 7,262 445 22,047 50.8 2025 Proj. Apr NA NA NA NA NA NA NA NA May 445 28,415 1,230 30,090 7,615 450 22,025 50.4 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2023 1,256 54,540 5,154 60,950 9,861 1,130 49,959 109.5 2024 Proj. Apr 1,130 54,820 5,700 61,650 10,150 1,042 50,459 110.1 May 1,130 54,934 5,693 61,758 10,084 1,052 50,622 110.4 2025 Proj. Apr NA NA NA NA NA NA NA NA May 1,052 53,790 5,790 60,631 10,120 1,041 49,471 107.3 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2023 892 45,890 131 46,914 7,265 835 38,814 99.5 2024 Proj. Apr 835 46,596 178 47,609 7,060 800 39,749 101.3 May 835 46,304 178 47,317 6,889 800 39,628 101.0 2025 Proj. Apr NA NA NA NA NA NA NA NA May 800 47,041 200 48,041 7,025 800 40,216 101.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2023 190 5,457 43 5,689 489 243 4,957 14.8 2024 Proj. Apr 243 5,375 31 5,649 520 200 4,929 14.6 May 243 5,214 31 5,488 510 200 4,778 14.2 2025 Proj. Apr NA NA NA NA NA NA NA NA May 200 5,320 40 5,560 515 200 4,845 14.3 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2023 1,087 51,934 178 53,200 7,774 1,085 44,341 115.9 2024 Proj. Apr 1,085 52,543 212 53,840 7,605 1,006 45,229 117.6 May 1,085 52,083 211 53,379 7,427 1,006 44,946 116.8 2025 Proj. Apr NA NA NA NA NA NA NA NA May 1,006 52,941 246 54,193 7,568 1,006 45,619 117.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2023 2,343 106,474 5,332 114,149 17,635 2,215 94,300 225.4 2024 Proj. Apr 2,215 107,364 5,912 115,491 17,755 2,048 95,688 227.7 May 2,215 107,017 5,905 115,137 17,512 2,058 95,567 227.2 2025 Proj. Apr NA NA NA NA NA NA NA NA May 2,058 106,730 6,036 114,824 17,688 2,047 95,089 225.1 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. May 2024 WASDE - 648 - 33 U.S. Egg Supply and Use Commodity 2022 2023 2024 Proj. 2024 Proj. 2025 Proj. 2025 Proj. Apr May Apr May Eggs Million Dozen Supply Beginning Stocks 19.1 18.8 23.1 23.1 NA 23.0 Production 9,116.6 9,142.4 9,223.0 9,229.9 NA 9,480.0 Imports 26.0 27.6 26.0 23.3 NA 24.0 Total Supply 9,161.7 9,188.7 9,272.1 9,276.3 NA 9,527.0 Use Exports 226.5 250.4 246.0 260.5 NA 269.0 Hatching Use 1,117.9 1,111.8 1,125.0 1,132.2 NA 1,135.0 Ending Stocks 18.8 23.1 23.0 23.0 NA 23.0 Disappearance Total 7,798.6 7,803.4 7,878.1 7,860.6 NA 8,100.0 Per Capita (number) 280.5 279.3 280.6 279.9 NA 286.5 Total U.S. Milk Supply and Use Commodity 2022 2023 2024 Proj. 2024 Proj. 2025 Proj. 2025 Proj. Apr May Apr May Milk Billion Pounds Production 226.4 226.4 226.3 227.3 NA 229.3 Farm Use 1.0 1.0 1.0 1.0 NA 1.0 Fat Basis Supply Beginning Stocks 14.3 14.4 13.8 13.8 NA 13.2 Marketings 225.4 225.4 225.3 226.3 NA 228.3 Imports 7.1 7.4 8.0 8.2 NA 8.1 Total Supply 246.8 247.1 247.1 248.3 NA 249.6 Fat Basis Use Exports 13.4 10.6 11.3 11.0 NA 11.2 Ending Stocks 14.4 13.8 12.8 13.2 NA 13.0 Domestic Use 219.1 222.8 223.0 224.2 NA 225.3 Skim -solid Basis Supply Beginning Stocks 11.1 11.7 9.9 9.9 NA 9.7 Marketings 225.4 225.4 225.3 226.3 NA 228.3 Imports 6.7 6.3 6.8 7.0 NA 6.9 Total Supply 243.2 243.3 242.0 243.2 NA 244.9 Skim -solid Basis Use Exports 52.9 49.9 49.7 49.3 NA 50.2 Ending Stocks 11.7 9.9 9.4 9.7 NA 9.5 Domestic Use 178.7 183.5 182.9 184.2 NA 185.2 Total Note: Totals may not add due to rounding. May 2024 WASDE - 648 - 34 U.S. Dairy Prices Commodity 2022 2023 2024 Proj. 2024 Proj. 2025 Proj. 2025 Proj. Apr May Apr May Product Prices 1/ Dollars Per Pound Cheese 2.1122 1.7593 1.620 1.695 NA 1.665 Butter 2.8665 2.6170 2.925 2.935 NA 2.915 Nonfat Dry Milk 1.6851 1.1856 1.180 1.160 NA 1.140 Dry Whey 0.6057 0.3618 0.425 0.400 NA 0.375 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 21.96 17.02 16.20 16.75 NA 16.30 Class IV 24.47 19.12 20.40 20.25 NA 19.95 All Milk 3/ 25.34 20.34 20.90 21.20 NA 20.90 All prices are January -December averages. 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation. May 2024 WASDE - 648 - 35 Reliability of May Projections 1/ Note: Tables on pages 35 -37 present a record of the May projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 3 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 5 percent. The average difference between the May projection and the final estimate is 15.7 million tons, ranging from 1.7 million to 35 million tons. The May projection has been below the estimate 25 times and above 18 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 3.0 5.0 15.7 1.7 35.0 25 18 U.S. 6.8 11.5 3.0 0.0 9.8 22 21 Foreign 3.1 5.3 14.7 1.6 32.9 24 19 Exports World 5.8 9.7 6.0 0.1 17.6 29 14 U.S. 12.0 20.3 2.8 0.0 10.2 23 18 Foreign 6.7 11.3 5.7 0.4 17.8 31 12 Domestic Use World 2.2 3.6 10.4 0.3 28.3 28 15 U.S. 7.0 11.7 1.7 0.1 6.4 21 22 Foreign 2.1 3.6 10.0 0.2 28.0 29 14 Ending Stocks World 9.6 16.2 12.0 0.2 35.9 24 19 U.S. 20.1 33.9 3.5 0.1 14.1 23 20 Foreign 9.8 16.4 10.4 1.4 31.0 24 19 COARSE GRAINS 2/ Production World 3.6 6.0 26.1 1.1 103.6 20 23 U.S. 13.5 22.7 20.7 0.9 103.8 23 20 Foreign 2.6 4.4 14.2 0.2 42.8 20 23 Exports World 7.3 12.3 7.7 1.2 20.9 30 13 U.S. 26.9 45.4 8.3 0.1 29.5 20 23 Foreign 13.0 21.9 6.3 0.3 20.8 30 13 Domestic Use World 2.0 3.3 15.2 0.4 68.4 22 21 U.S. 5.7 9.6 7.8 0.2 38.4 26 17 Foreign 2.0 3.4 12.3 0.2 32.8 21 22 Ending Stocks World 20.3 34.2 24.8 2.6 155.8 26 17 U.S. 56.1 94.5 16.4 0.9 57.6 19 24 Foreign 17.7 29.8 14.1 0.0 145.0 29 14 RICE, milled Production World 2.3 3.9 6.8 0.0 21.8 25 18 U.S. 8.2 13.8 0.4 0.0 1.1 23 20 Foreign 2.3 3.9 6.7 0.4 22.0 25 18 Exports World 9.5 16.0 1.9 0.1 7.5 31 12 U.S. 12.8 21.5 0.3 0.0 1.0 20 18 Foreign 10.2 17.2 1.8 0.2 7.1 31 12 Domestic Use World 1.8 3.0 4.6 0.0 19.4 28 15 U.S. 9.2 15.4 0.2 0.0 0.7 17 25 Foreign 1.8 3.1 4.6 0.2 20.0 29 14 Ending Stocks World 13.8 23.2 6.9 0.1 26.7 29 14 U.S. 34.8 58.7 0.3 0.0 0.9 22 19 Foreign 15.0 25.3 7.0 0.1 26.3 29 14 1/ Footnotes at end of table. CONTINUED May 2024 WASDE - 648 - 36 Reliability of May Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World NA NA 13.4 0.4 34.8 7 8 U.S. 8.9 14.9 4.9 0.0 16.1 22 21 Foreign NA NA 8.7 0.2 35.6 8 7 Exports World NA NA 5.9 0.4 17.6 11 4 U.S. 15.3 25.7 3.5 0.0 11.3 22 20 Foreign NA NA 5.0 0.7 18.7 12 3 Domestic Use World NA NA 7.8 1.2 18.9 6 9 U.S. 6.0 10.1 1.9 0.2 7.5 25 18 Foreign NA NA 7.3 0.2 18.6 6 9 Ending Stocks World NA NA 8.9 0.7 20.7 7 8 U.S. 69.8 117.5 3.4 0.2 13.3 15 28 Foreign NA NA 6.3 0.1 15.7 9 6 COTTON Million 480 -Pound Bales Production World 6.0 10.1 4.3 0.1 16.7 24 19 U.S. 12.6 21.3 1.7 0.1 5.5 20 23 Foreign 6.0 10.1 3.2 0.1 12.2 23 20 Exports World 10.4 17.5 2.3 0.1 12.4 25 18 U.S. 28.3 47.6 1.4 0.1 3.9 24 19 Foreign 13.2 22.2 1.8 0.1 10.4 24 19 Domestic Use World 5.0 8.5 3.5 0.1 17.2 17 26 U.S. 11.0 18.6 0.5 0.0 1.4 18 24 Foreign 5.1 8.5 3.4 0.0 16.6 19 24 Ending Stocks World 17.2 28.9 6.7 1.0 18.1 27 16 U.S. 43.9 74.0 1.5 0.0 4.3 20 23 Foreign 16.3 27.5 5.7 0.1 17.2 27 16 1/ Marketing years 1981/82 through 2023/24 for grains, soybeans (U.S. only), and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2022/23, and for 2023/24 the last mon th’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. May 2024 WASDE - 648 - 37 Reliability of United States May Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 14.3 24.0 740 8 4,010 19 24 Exports 27.9 47.1 302 0 1,100 20 21 Domestic Use 6.0 10.2 306 11 1,538 27 16 Ending Stocks 66.4 111.9 591 18 2,091 19 24 SORGHUM Production 24.8 41.8 84 0 228 21 21 Exports 47.8 80.6 50 0 195 21 21 Domestic Use 28.2 47.6 54 0 162 18 24 Ending Stocks 67.6 113.8 44 1 238 17 26 BARLEY Production 14.7 24.7 26 1 206 17 26 Exports 76.8 129.3 13 0 92 22 17 Domestic Use 11.3 19.0 27 0 95 20 22 Ending Stocks 22.7 38.2 22 0 78 18 24 OATS Production 24.8 41.7 29 1 231 9 34 Exports 105.4 177.5 1 0 8 10 12 Domestic Use 10.9 18.3 19 0 160 13 29 Ending Stocks 34.0 57.3 16 0 77 14 25 SOYBEAN MEAL Thousand Short Tons Production 5.4 9.1 1,234 0 5,344 26 16 Exports 16.9 28.5 945 0 2,750 25 17 Domestic Use 4.3 7.2 826 24 4,950 23 20 Ending Stocks 40.8 68.7 56 0 388 12 19 SOYBEAN OIL Million Pounds Production 5.1 8.6 615 18 2,500 29 14 Exports 44.8 75.4 478 25 1,700 24 19 Domestic Use 3.9 6.6 466 8 1,800 26 17 Ending Stocks 35.0 59.0 437 24 1,702 26 17 ANIMAL PROD. Million Pounds Beef 3.8 6.5 737 40 2,727 21 9 Pork 3.2 5.4 522 5 1,722 18 11 Broilers 2.3 4.0 675 75 1,640 13 17 Turkeys 4.0 6.7 172 2 500 12 18 Million Dozen Eggs 2.0 3.4 130 2 400 17 13 Billion Pounds Milk 1.6 2.7 2.4 0.2 6.7 13 17 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2023/24 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate followin g the marketing year for 1981/82 through 2023/24. Calendar years 1994 through 2023 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1994 -2023. WASDE- 648-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. IPAD is located at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 (Continued from page 5) COTTON : The U.S. cotton projections for 2024/25 include a larger crop as planted area is slightly higher and abandonment is projected at less than half the rate realized in 2023/24. Production is forecast at 16.0 million bales, based on 10.67 million planted acres as indicated in the March Prospective Plantings report, with harvested area expected to rise 2.7 million acres year over year to 9.1 million. U.S. abandonment is projected below the 10- year average reflecting moisture conditions to date in the Southwest. Despite a lower national yield, production is forecast nearly 4 million bales larger. Although beginning stocks are lower, 2024/25 total supplies are projected 12 percent higher. Exports are expected to rise 700,000 bales due to increased supplies and higher world trade, while U.S. mill use is expected to rise 100,000 bales. At 3.7 million bales, 2024/25 U.S. ending stocks are projected 1.3 million bales above the relatively low 2023/24 level. The marketing year average upland farm price is projected at 74 cents per pound, 2 cents below the previous year. For 2023/24, final U.S. cotton production is estimated at 12.1 million bales. Exports are unchanged, with mill use increased slightly due to activity to date. Ending stocks are estimated lower at 2.4 million bales, while the projected season -average price is unchanged. Global supplies in 2024/25 are projected above a year earlier, as beginning stocks are unchanged and combine with a 5.4 -million -bale increase in production. Consumption is projected up 3 percent year to year, and ending stocks are expected to rise as well. Production is expected to rise nearly 5 percent in 2024/25 as both global area and yield are expected to rise. Larger crops in Brazil, the United States, and Turkey more than offset smaller crops in China and India. Greater global supplies are expected to increase use and world trade to a 4 -year high. As production outpaces consumption growth, global ending stocks are projected up 2.5 million bales to 83.0 million. The global 2023/24 estimates show higher production and consumption compared with the previous month. Australia’s crop is increased by 200,000 bales and India’s by 500,000. Increased use in China and India more than offsets lower use in Bangladesh, Brazil, Pakistan, Turkey, and Uzbekistan. Global ending stocks are lowered 2.6 million bales to 80.5 million, mostly due to historical revisions to Brazil and India consumption. Approved by the Secretary of Agriculture and by the Chairman of the World Agricultural Outlook Board, Mark Jekanowski, (202) 720- 6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: ALEXIS TAYLOR SECRETARY OF AGRICULTURE DESIGNATE For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ Click to receive WASDE -related notifications b y email Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at [email protected] World Agricultural Supply and Demand Estimates WASDE -648 – May 10, 2024 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 596 Approved by the World Agricultural Outlook Board January 10, 2020 WHEAT: The outlook for 2019/20 U.S. wheat is for stable supplies, increased feed and residual use, and lower stocks. Feed and residual use is raised 10 million bushels on lower -than-expected second -quarter stocks reported in today ’s NASS Grain Stocks report. Seed use is down 1 million bushels reflecting 2020/21 wheat planted area released today in the NASS Winter Wheat and Canola Seedings report. Ending stocks are now projected at 965 million bushels, down 9 million from the previous report . The season -average farm price is unchanged at $4.55 per bushel. Foreign production for the 2019/20 market year is dropped 1.0 million tons led by a 1.0-million -ton reduction for Russia on updated government production data, and a 0.5 - million -ton decrease for Australia reflecting the severe drought conditions in parts of the country. Partly offsetting is a 0.5 -million -ton increase for the European Union. Foreign consumption is raised fractionally, and global exports are raised 1.3 million tons. The export increase is led by a 2.0- million -ton increase for the EU on improved price competitiveness and a 0.5 -million -ton increase for Ukraine on pace to date. Partly offsetting is a 1.0 -million -ton decrease for Russia reflecting lower supplies and higher relative prices. With foreign supplies falling and total use increasing, foreign ending stocks are lowered 1.2 million tons to 261.8 million. COARSE GRAINS: This month’s 2019/20 U.S. corn outlook is for greater beginning stocks, slightly higher production, reduced food, seed, and industrial use (FSI), larger feed and residual use, lower exports, and smaller ending stocks. Beginning stocks are raised 107 milli on bushels reflecting upward revisions to both on- farm and off -farm stocks as of September 1 as reported in Grain Stocks . Corn production is estimated at 13.692 billion bushels, up 31 million as a higher yield more than offsets a reduction in harvested area. Total corn use is up 155 million bushels to 14.070 billion. Exports are reduced 75 million bushels to 1.775 billion, reflecting the slow pace of shipments through December, and the lowest level of outstanding sales as of early January since the 2012/13 marketing year. FSI use is lowered 20 million bushels, with lower projected corn used for starch, glucose and dextrose, and high fructose corn syrup. Feed and residual use is raised 250 million bushels to 5.525 billion, based on indicated disappeara nce during the September - November quarter and the 2018/19 marketing year as reflected by the Grain Stocks report. With use rising more than supply, 2019/20 corn stocks are reduced 18 million bushels. The season -average corn price received by producers is unchanged at $3.85 per bushel. WASDE- 596-2 Global coarse grain production for 2019/20 is forecast marginally higher to 1,401.8 million tons. This month’s foreign coarse grain outlook is for slightly lower production and consumption, and reduced stocks. Foreign corn production is forecast higher with increases for Bangladesh, Russia, and the EU. Other major coarse grain production changes include larger barley production for the EU, with reductions for China and Australia. Major global coarse grain trade changes for 2019/20 include increased corn exports for Ukraine and the EU. For 2018/19, Brazil’s exports for the marketing year beginning in March 2019 are raised based on observed shipments to date. Barley exports for 2019/20 are raised for the EU, Argentina, and Ukraine, with a partly offsetting reduction for Australia. Barley imports are raised for Turkey and China. China’s corn feed and residual use is raised for both 2018/19 and 2019/20 based on lower barley feeding. Foreign corn ending stocks are lower, mostly reflecting reductions for China and Brazil. Global corn stocks, at 297.8 million tons, are down 2.8 million. RICE : This month’ s outlook for 2019/20 U.S. rice is for lower supplies, increased use, and declining ending stocks. U.S. 2019/20 all rice production is 184.7 million cwt, down 3.3 million from the previous estimate. Medium - and short -grain production is lowere d 1.8 million cwt and long- grain is reduced 1.5 million. The all rice average yield is estimated at 7,471 pounds per acre, down 116 pounds from the prior estimate. Rice imports are raised 0.5 million cwt to a record 30.1 million on strong imports of arom atics from Asia. All rice domestic and residual use is raised 2.0 million cwt on higher -than- expected usage for August -November as implied by the NASS Rice Stocks report. Projected all rice exports are increased 0.5 million cwt to 98.0 million reflecting a 1.0- million -cwt increase for long- grain and a 0.5- million -cwt decrease for medium - and short - grain. The long grain increase is due to a fast export pace to date, while combined medium - and short -grain shipments have been slow. With use rising and supplies falling, projected 2019/20 ending stocks are lowered 5.3 million cwt to 28.6 million. The projected 2019/20 all rice season -average farm price is raised $0.20 per cwt to $13.20. Global 2019/20 rice supplies are down fractionally to 671.1 million t ons based on a 1.7 - million -ton production decline being mostly offset by an increase in world beginning stocks. The increase in stocks is almost entirely due to final government data from India. The production decline is mostly caused by a 2.0 -million -ton cut to Thailand’ s crop as the severe drought in the region has reduced both planted area and yield prospects. Partly offsetting is a 0.4 -million -ton increase in the Bangladesh crop. World consumption increased slightly and global trade is down fractionally. For trade, Thailand’ s exports are lowered 0.9 million tons on the smaller crop. However, this reduction is partially offset by a 0.4 -million -ton increase for Pakistan, and a 0.3 -million -ton increase for India. Global ending stocks are lowered 0.8 million tons to 177.1 million but remain record high. OILSEEDS: U.S. oilseed production for 2019/20 is estimated at 107.4 million tons, down 0.2 million from last month. Smaller canola, sunflowerseed, peanut , and cottonseed crops are partly offset by a larger soybean crop. Soybean production is estimated at 3.56 billion bushels, up 8 million on a higher yield. Harvested area is estimated at 75.0 million acres, down 0.6 million from the previous forecast, with the largest reductions for North WASDE- 596-3 Dakota and South Dakota. Yield is estimated at 47.4 bushels per acre, up 0. 5 bushels led by increases for Illinois and Indiana. Soybean supplies are relatively unchanged as lower beginning stocks and imports offset higher production. With crush and export forecasts unchanged, ending stocks are projected at 475 million bushels. The U.S. season- average soybean price for 2019/20 is forecast at $9.00 per bushel, up 15 cents in part reflecting stronger soybean oil prices. The soybean oil price forecast is raised 3 cents to 34.0 cents per pound. The soybean meal price forecast is r educed $5.00 to $305.00 per short ton. Foreign oilseed 2019/20 production is up 0.2 million tons to 467.2 million, with higher sunflowerseed production partly offset by lower cottonseed, rapeseed, and palm kernel. Sunflowerseed production is increased for Russia on higher yields. Palm kernel and palm oil production are lower ed for Malaysia due to dry weather conditions over the past year. Lower global vegetable oil production paired with increasing demand results in a 9 percent year -over-year decline in vegetable oil stocks. Other notable oilseed changes include a 0.5 -million -ton increase to Chinese soybean crush due to a higher -than- expected pace to date. SUGAR : Total U.S. sugar supply for 2019/20 is reduced by 99,566 short tons, raw value (STRV) on lower production, partially offset by increased imports. Cane sugar production in Louisiana is estimated at 1.513 million STRV, a reduction of 199,453 based on preliminary industry reporting. Production in Louisiana for September 2020 is expect ed to be in line with average production for the previous 5 years. Beet sugar production for 2019/20 is estimated at 4.444 million STRV, an increase of 76,890 based on NASS ’s estimate of sugarbeet production in the January Crop Production report. High -tier tariff imports are increased 30,000 STRV to 100,000 based on pace and on favorable margins between U.S. and world refined sugar prices. This increase is offset by a reduction of FTA imports due to lower -than- expected entries for the calendar year 2019 TRQs. There are no changes to use. Ending stocks are projected at 1.556 million STRV implying an ending stocks -to-use ratio of 12.7 percent, down from 13.5 percent last month. The only change for the projected 2019/20 Mexico supply and use balance is a 4,000 metric ton increase for imports intended for consumption based on the pace to date. LIVESTOCK, POULTRY, AND DAIRY : The 2019 total red meat and poultry production estimate is reduced from last month as lower pork and turkey production more than offset higher beef production. The beef production estimate is raised on the pace of late- year slaughter. The pork production estimate is reduced on the slower pace of slaughter in late 2019. The broiler production estimate is unchanged from the previous month, but the turkey production estimate is lowered or recent production data. The egg production estimate is raised on lat e-2019 production data. For 2020, the total red meat and poultry production forecast is increased fractionally from last month as higher broiler production more than offsets lower expected beef, pork, and turkey production. The 2020 beef production for ecast is reduced on lighter expected carcass weights. However, quarterly beef production was increased in the first half of the WASDE- 596-4 year and reduced in the second half of the year due to higher -than- expected cattle placements in late 2019 and a reduced placem ent forecast for early 2020. USDA will release its semi -annual Cattle report on January 31, providing estimates of heifers held for breeding and an insight into the number of feeder cattle available for placement during 2020. The pork production forecast for 2020 is reduced from the previous month. USDA ’s Quarterly Hogs and Pigs report estimated the 2019 September -November pig crop 2 percent higher than the prior year which supports a higher first -half 2020 slaughter and production forecast. The report also indicated producers intend to expand farrowings about 1 percent in the first half of 2020, which coupled with adjustments to the rate of growth in pigs per litter , result s in reduced hog slaughter forecast for the second half of 2020. Forecast broiler production is raised for 2020 on recent hatchery data which points to continued expansion of laying flocks. The turkey production forecast is reduced, while the egg production forecast is raised on gains in the laying flock. The beef import forecast is increased for 2019 on recent trade data. No change is made to the 2020 import forecast. The 2019 beef export forecast is reduced to reflect a slower export pace late in the year, but no change is made to the 2020 beef export forecast. The pork export forecasts for 2019 and 2020 are unchanged from the previous month. The 2019 broiler export forecast is raised on recent trade data, but no change is made to the 2020 export forecast. Livestock and poultry price estimates for 2019 are adjusted to r eflect December price data. For 2020, the first -quarter cattle price is raised, reflecting current early -year price strength. First -half hog price forecasts are reduced on current prices and increased production. Broiler prices are lowered as higher for ecast production weighs on markets. Turkey price forecasts for 2020 are raised on lower production and continued demand recovery. Egg price forecasts are lowered on recent price weakness and increased production. Milk production forecasts for 2019 and 2020 are lowered from December on slower expected growth in milk per cow. The 2019 fat basis import forecast is unchanged from last month, but the 2020 import forecast is reduced on lower expected cheese and butterfat imports. The fat basis export forecas t for 2019 and 2020 is raised on recent trade data and strong sales of cheese and other dairy -containing products . On a skim - solids basis, the 2019 and 2020 import forecasts are unchanged. Skim -solids basis export forecasts for 2019 and 2020 are raised on strong global demand for nonfat dry milk (NDM). Dairy product price estimates for 2019 include December price data. For 2020, cheese, butter, and whey price forecasts are reduced on demand weakness and relatively high stocks. The NDM price forecast i s raised from December on continued strength in demand f rom export markets. The Class III price and Class IV price are lowered from the previous month. The 2019 all milk estimate is unchanged at $18.60, but the 2020 all milk price forecast is reduced to $19.25 per cwt. COTTON : This month’ s outlook for U.S. cotton in 2019/20 includes lower production and ending stocks compared with last month, while domestic mill use and exports are WASDE- 596-5 unchanged. Production is lowered 100,000 bales, mainly due to a decline in Texas which was partially offset in other States. Ending stocks are 100,000 bales lower this month at 5.4 million bales. Upland cotton season -average price received by farmers is projected 2 cents higher than a month ago at 63 cents per pound, based on stronger -than- expected early season prices. The global 2019/20 cotton forecasts include lower production, trade, and ending stocks. Production is forecast 630,000 bales lower, and changes for 2019/20 this month, other than the United States , include dec reases for Turkey, Australia, Mali, and Pakistan. World consumption is virtually unchanged as an increase in Uzbekistan’ s expected use is offset by declines for Bangladesh and Vietnam. World trade in 2019/20 is projected 550,000 bales lower, largely due to a 500,000- bale drop in China ’s expected imports. Smaller declines for Bangladesh and Vietnam are offset by increases for Turkey and Pakistan. Exports are 200,000 bales lower for India and Uzbekistan, and also lower for Australia and Mali. Global 2019/20 ending stocks are 730,000 bales lower this month. At 79.6 million bales, total ending stocks are projected about unchanged from 2018/19, but stocks outside of China are expected 3.0 million bales above the year before. Approved by the Secretary of Agriculture and t he Acting -Chairman of the World Agricultural Outlook Board, Mark Jekanowski , (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY : STEPHEN CENSKY SECRETARY OF AGRICULTURE DESIGNATE WASDE- 596-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers, ICEC Chair, WAOB, [email protected] Jennifer Bond, ERS; Andrew Sowell, FAS; Pete Riley, FPAC. Rice: William Chambers, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS; Vidalina Abadam, FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Tom Capehart, ERS; Yoonhee Macke, FAS; Sharon Raszap, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Mark Ash, ERS; Bill George, FAS; Sherrie Grimm, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; James Johnson, FAS; Kent Lanclos , FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Michael McConnell, ERS; Ron Lord, FAS; Barbara Fecso, F PAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Lindsay Kuberka, FAS. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Kim Ha, ERS; Claire Mezoughem, FAS. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS ; Georgi Gabrielyan, FPAC. In 2020, the WASDE report will be released on Feb 11, Mar 10, Apr 9, May 12, June 11, July 10, Aug 12, Sep 11, Oct 9, Nov 10, and Dec 10. WASDE- 596-7 T A B L E OF C O N T E N T S Page Highlights ................................ ................................ ................................ ............. 1 Interagency Commodity Estimates Committees ................................ .................... 6 World & U.S. Supply & Use for Grains ................................ ................................ .. 8 World & U.S. Supply & Use for Cotton ................................ ................................ .. 9 World & U.S. Supply & Use for Oilseeds ................................ ............................ 10 U.S. Wheat Supply & Use ................................ ................................ .................. 11 U.S. Wheat Supply & Use by Class ................................ ................................ .... 11 U.S. Feed Grain & Corn Supply & Use ................................ ............................... 12 U.S. Sorghum, Barley & Oats Supply & Use ................................ ....................... 13 U.S. Rice Supply & Use ................................ ................................ ..................... 14 U.S. Soybeans & Products Supply & Use ................................ ........................... 15 U.S. Sugar Supply & Use ................................ ................................ ................... 16 Mexico Sugar Supply and Use ................................ ................................ ........... 16 U.S. Cotton Supply & Use ................................ ................................ .................. 17 World Wheat Supply & Use ................................ ................................ ................ 18 World Coarse Grains Supply & Use ................................ ................................ .... 20 World Corn Supply & Use ................................ ................................ .................. 22 World Rice Supply & Use ................................ ................................ ................... 24 World Cotton Supply & Use ................................ ................................ ................ 26 World Soybean Supply & Use ................................ ................................ ............ 28 World Soybean Meal Supply & Use ................................ ................................ .... 29 World Soybean Oil Supply & Use ................................ ................................ ....... 30 U.S. Quarterly Animal Product Production ................................ .......................... 31 U.S. Quarterly Prices for Animal Products ................................ .......................... 31 U.S. Meats Supply and Use ................................ ................................ ............... 32 U.S. Egg Supply & Use ................................ ................................ ...................... 33 U.S. Milk Supply and Use ................................ ................................ .................. 33 U.S. Dairy Prices ................................ ................................ ............................... 34 Reliability Tables ................................ ................................ ................................ 35 Related USDA Reports ................................ ................................ ...................... 38 Metric Conversion Factors ................................ ................................ ................. 38 Electronic Access and Subscriptions ...................................................................... 40 January 2020 WASDE - 596 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2017/18 2619.04 3417.31 414.93 2600.70 816.61 2018/19 (Est.) 2625.96 3442.57 429.63 2642.79 799.79 filler filler filler filler filler 2019/20 (Proj.) Dec 2665.50 3462.95 426.56 2664.18 798.77 2019/20 (Proj.) Jan 2662.86 3462.64 427.68 2669.81 792.83 filler filler filler filler filler Wheat 2017/18 762.88 1025.58 182.47 742.52 283.06 2018/19 (Est.) 731.45 1014.50 173.06 736.45 278.06 filler filler filler filler filler 2019/20 (Proj.) Dec 765.41 1043.26 179.81 753.76 289.50 2019/20 (Proj.) Jan 764.39 1042.45 181.07 754.37 288.08 filler filler filler filler filler Coarse Grains 5/ 2017/18 1361.36 1746.99 185.23 1376.07 370.92 2018/19 (Est.) 1395.36 1766.27 212.43 1418.93 347.34 filler filler filler filler filler 2019/20 (Proj.) Dec 1401.70 1748.07 201.08 1416.59 331.48 2019/20 (Proj.) Jan 1401.80 1749.14 201.03 1421.44 327.70 filler filler filler filler filler Rice, milled 2017/18 494.80 644.74 47.24 482.11 162.64 2018/19 (Est.) 499.16 661.80 44.14 487.41 174.39 filler filler filler filler filler 2019/20 (Proj.) Dec 498.40 671.63 45.67 493.83 177.80 2019/20 (Proj.) Jan 496.67 671.05 45.59 494.00 177.05 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2017/18 437.43 541.29 94.57 357.95 88.76 2018/19 (Est.) 436.32 532.31 83.39 357.64 91.28 filler filler filler filler filler 2019/20 (Proj.) Dec 419.05 514.81 79.54 355.32 79.95 2019/20 (Proj.) Jan 419.31 517.79 77.90 361.03 78.86 filler filler filler filler filler Wheat 2017/18 47.38 83.81 24.66 29.25 29.91 2018/19 (Est.) 51.31 84.89 25.48 30.02 29.39 filler filler filler filler filler 2019/20 (Proj.) Dec 52.26 84.50 26.54 31.46 26.51 2019/20 (Proj.) Jan 52.26 84.50 26.54 31.71 26.26 filler filler filler filler filler Coarse Grains 5/ 2017/18 384.39 449.48 67.16 324.41 57.92 2018/19 (Est.) 377.91 438.46 54.94 323.05 60.47 filler filler filler filler filler 2019/20 (Proj.) Dec 360.82 421.98 49.91 319.70 52.37 2019/20 (Proj.) Jan 361.19 425.05 48.26 325.10 51.69 filler filler filler filler filler Rice, milled 2017/18 5.66 8.00 2.76 4.30 0.93 2018/19 (Est.) 7.11 8.96 2.97 4.57 1.42 filler filler filler filler filler 2019/20 (Proj.) Dec 5.97 8.33 3.10 4.16 1.08 2019/20 (Proj.) Jan 5.86 8.24 3.11 4.22 0.91 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, co arse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). January 2020 WASDE - 596 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2017/18 2,181.61 2,876.02 320.35 2,242.75 727.85 2018/19 (Est.) 2,189.65 2,910.27 346.23 2,285.15 708.51 filler filler filler filler filler 2019/20 (Proj.) Dec 2,246.46 2,948.14 347.02 2,308.86 718.82 2019/20 (Proj.) Jan 2,243.55 2,944.85 349.78 2,308.79 713.97 filler filler filler filler filler Wheat 2017/18 715.50 941.77 157.81 713.27 253.15 2018/19 (Est.) 680.14 929.62 147.58 706.42 248.67 filler filler filler filler filler 2019/20 (Proj.) Dec 713.15 958.75 153.27 722.30 262.99 2019/20 (Proj.) Jan 712.13 957.95 154.53 722.66 261.82 filler filler filler filler filler Coarse Grains 5/ 2017/18 976.97 1,297.51 118.07 1,051.67 313.00 2018/19 (Est.) 1,017.45 1,327.81 157.48 1,095.88 286.87 filler filler filler filler filler 2019/20 (Proj.) Dec 1,040.87 1,326.09 151.17 1,096.89 279.10 2019/20 (Proj.) Jan 1,040.61 1,324.10 152.77 1,096.34 276.01 filler filler filler filler filler Rice, milled 2017/18 489.14 636.75 44.47 477.81 161.71 2018/19 (Est.) 492.05 652.84 41.17 482.85 172.96 filler filler filler filler filler 2019/20 (Proj.) Dec 492.43 663.30 42.58 489.67 176.73 2019/20 (Proj.) Jan 490.80 662.81 42.48 489.78 176.14 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grain s. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2017/18 123.78 204.07 41.51 122.76 80.84 2018/19 (Est.) 118.14 198.98 41.34 120.19 79.53 filler filler filler filler filler 2019/20 (Proj.) Dec 121.11 200.80 44.40 120.27 80.32 2019/20 (Proj.) Jan 120.48 200.01 43.85 120.22 79.59 filler filler filler filler filler United States 2017/18 20.92 23.68 16.28 3.23 4.20 2018/19 (Est.) 18.37 22.57 14.76 2.98 4.85 filler filler filler filler filler 2019/20 (Proj.) Dec 20.21 25.06 16.50 3.00 5.50 2019/20 (Proj.) Jan 20.10 24.96 16.50 3.00 5.40 filler filler filler filler filler Foreign 4/ 2017/18 102.86 180.39 25.24 119.54 76.64 2018/19 (Est.) 99.77 176.41 26.58 117.21 74.68 filler filler filler filler filler 2019/20 (Proj.) Dec 100.90 175.74 27.90 117.27 74.82 2019/20 (Proj.) Jan 100.38 175.06 27.35 117.22 74.19 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. January 2020 WASDE - 596 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2017/18 581.45 690.63 176.28 484.22 116.48 2018/19 (Est.) 596.63 713.12 171.47 489.12 128.54 filler filler filler filler filler 2019/20 (Proj.) Dec 574.62 702.54 171.63 496.50 111.57 2019/20 (Proj.) Jan 574.63 703.17 171.60 496.69 112.32 filler filler filler filler filler Oilmeals 2017/18 331.71 349.36 89.16 327.98 17.33 2018/19 (Est.) 333.27 350.60 93.91 331.52 15.67 filler filler filler filler filler 2019/20 (Proj.) Dec 338.59 353.55 94.34 336.79 14.51 2019/20 (Proj.) Jan 338.88 354.55 94.38 337.05 15.28 filler filler filler filler filler Vegetable Oils 2017/18 198.64 219.18 79.97 192.19 22.11 2018/19 (Est.) 203.02 225.13 86.04 200.12 21.44 filler filler filler filler filler 2019/20 (Proj.) Dec 207.06 228.15 89.01 204.83 19.21 2019/20 (Proj.) Jan 206.50 227.93 88.46 204.69 19.58 filler filler filler filler filler United States Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2017/18 131.48 142.50 59.31 60.17 13.83 2018/19 (Est.) 130.72 145.65 48.70 61.03 26.54 filler filler filler filler filler 2019/20 (Proj.) Dec 107.57 135.37 49.44 61.57 14.62 2019/20 (Proj.) Jan 107.42 134.94 49.39 61.38 14.47 filler filler filler filler filler Oilmeals 2017/18 47.03 51.17 13.00 37.61 0.56 2018/19 (Est.) 46.52 51.01 12.60 37.99 0.42 filler filler filler filler filler 2019/20 (Proj.) Dec 47.33 51.59 12.28 38.88 0.42 2019/20 (Proj.) Jan 47.24 51.54 12.30 38.82 0.42 filler filler filler filler filler Vegetable Oils 2017/18 12.11 18.12 1.34 15.54 1.24 2018/19 (Est.) 12.19 18.14 1.10 15.88 1.16 filler filler filler filler filler 2019/20 (Proj.) Dec 12.41 18.37 1.01 16.34 1.02 2019/20 (Proj.) Jan 12.34 18.35 1.01 16.33 1.01 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2017/18 449.97 548.12 116.97 424.06 102.65 2018/19 (Est.) 465.92 567.46 122.76 428.09 102.00 filler filler filler filler filler 2019/20 (Proj.) Dec 467.05 567.17 122.19 434.94 96.95 2019/20 (Proj.) Jan 467.21 568.23 122.21 435.32 97.86 filler filler filler filler filler Oilmeals 2017/18 284.68 298.19 76.16 290.38 16.77 2018/19 (Est.) 286.75 299.59 81.31 293.53 15.25 filler filler filler filler filler 2019/20 (Proj.) Dec 291.26 301.96 82.06 297.90 14.09 2019/20 (Proj.) Jan 291.64 303.00 82.08 298.23 14.85 filler filler filler filler filler Vegetable Oils 2017/18 186.53 201.06 78.62 176.64 20.87 2018/19 (Est.) 190.82 206.99 84.95 184.24 20.28 filler filler filler filler filler 2019/20 (Proj.) Dec 194.65 209.78 88.00 188.49 18.20 2019/20 (Proj.) Jan 194.15 209.59 87.45 188.36 18.57 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. January 2020 WASDE - 596 - 11 U.S. Wheat Supply and Use 1/ 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Dec Jan Million Acres Area Planted 46.1 47.8 45.2 45.2 Area Harvested 37.6 39.6 37.2 37.2 Bushels Yield per Harvested Acre 46.4 47.6 51.7 51.7 Million Bushels Beginning Stocks 1,181 1,099 1,080 1,080 Production 1,741 1,885 1,920 1,920 Imports 158 135 105 105 Supply, Total 3,080 3,119 3,105 3,105 Food 964 955 955 955 Seed 63 59 61 60 Feed and Residual 47 90 140 150 Domestic, Total 1,075 1,103 1,156 1,165 Exports 906 936 975 975 Use, Total 1,981 2,039 2,131 2,140 Ending Stocks 1,099 1,080 974 965 Avg. Farm Price ($/bu) 2/ 4.72 5.16 4.55 4.55 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2018/19 (Est.) Beginning Stocks 581 191 205 87 35 1,099 Production 662 587 286 272 78 1,885 Supply, Total 3/ 1,248 846 495 365 165 3,119 Domestic Use 401 324 209 81 88 1,103 Exports 331 259 128 196 22 936 Use, Total 732 583 337 277 110 2,039 Ending Stocks, Total 516 263 158 88 55 1,080 2019/20 (Proj.) Beginning Stocks 516 263 158 88 55 1,080 Production 833 522 239 272 54 1,920 Supply, Total 3/ 1,354 835 402 365 149 3,105 Domestic Use 480 311 196 90 88 1,165 Exports 385 260 100 190 40 975 Use, Total 865 571 296 280 128 2,140 Ending Stocks, Total Jan 489 264 106 85 21 965 Ending Stocks, Total Dec 483 269 111 85 26 974 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. January 2020 WASDE - 596 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Dec Jan Million Acres Area Planted 100.9 99.9 100.7 100.5 Area Harvested 90.5 89.2 89.5 89.2 Metric Tons Yield per Harvested Acre 4.24 4.24 4.03 4.05 Million Metric Tons Beginning Stocks 62.1 57.9 57.8 60.5 Production 384.1 377.7 360.6 360.9 Imports 2.7 2.3 3.1 3.1 Supply, Total 449.0 437.9 421.4 424.5 Feed and Residual 138.7 143.0 139.7 145.7 Food, Seed & Industrial 185.2 179.5 179.5 178.8 Domestic, Total 323.9 322.5 319.1 324.5 Exports 67.2 54.9 49.9 48.3 Use, Total 391.1 377.5 369.0 372.8 Ending Stocks 57.9 60.5 52.4 51.7 CORN 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Proj. Decemb er January Million Acres Area Planted 90.2 88.9 89.9 89.7 Area Harvested 82.7 81.3 81.8 81.5 Bushels Yield per Harvested Acre 176.6 176.4 167.0 168.0 Million Bushels Beginning Stocks 2,293 2,140 2,114 2,221 Production 14,609 14,340 13,661 13,692 Imports 36 28 50 50 Supply, Total 16,939 16,509 15,825 15,962 Feed and Residual 5,304 5,432 5,275 5,525 Food, Seed & Industrial 2/ 7,057 6,791 6,790 6,770 Ethanol & by -products 3/ 5,605 5,376 5,375 5,375 Domestic, Total 12,361 12,223 12,065 12,295 Exports 2,438 2,065 1,850 1,775 Use, Total 14,798 14,288 13,915 14,070 Ending Stocks 2,140 2,221 1,910 1,892 Avg. Farm Price ($/bu) 4/ 3.36 3.61 3.85 3.85 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce e thanol and by- products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing - year weighted average price received by farmers. January 2020 WASDE - 596 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Dec Jan Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 5.6 5.7 5.3 5.3 Area Harvested (mil. acres) 5.0 5.1 4.7 4.7 Yield (bushels/acre) 71.7 72.1 75.9 73.0 Beginning Stocks 33 35 64 64 Production 362 365 358 341 Imports 2 0 0 0 Supply, Total 397 400 421 405 Feed and Residual 102 138 160 140 Food, Seed & Industrial 60 106 100 100 Total Domestic 162 244 260 240 Exports 200 93 110 120 Use, Total 362 336 370 360 Ending Stocks 35 64 51 45 Avg. Farm Price ($/bu) 2/ 3.22 3.26 3.40 3.40 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Proj. Decemb er January Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.5 2.5 2.7 2.7 Area Harvested (mil. acres) 2.0 2.0 2.2 2.2 Yield (bushels/acre) 73.0 77.5 77.7 77.7 Beginning Stocks 106 94 87 87 Production 143 154 170 170 Imports 9 6 8 8 Supply, Total 259 254 264 264 Feed and Residual 7 15 15 25 Food, Seed & Industrial 152 148 153 146 Total Domestic 159 162 168 171 Exports 5 5 4 4 Use, Total 164 167 172 175 Ending Stocks 94 87 92 89 Avg. Farm Price ($/bu) 2/ 4.47 4.62 4.65 4.60 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Proj. Decemb er January Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.6 2.7 2.8 2.8 Area Harvested (mil. acres) 0.8 0.9 0.8 0.8 Yield (bushels/acre) 61.7 64.9 64.3 64.3 Beginning Stocks 50 41 38 38 Production 50 56 53 53 Imports 89 87 95 95 Supply, Total 189 184 186 186 Feed and Residual 68 66 70 70 Food, Seed & Industrial 77 78 78 78 Total Domestic 146 144 148 148 Exports 2 2 2 2 Use, Total 148 146 150 150 Ending Stocks 41 38 36 36 Avg. Farm Price ($/bu) 2/ 2.59 2.66 2.90 2.95 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. January 2020 WASDE - 596 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Dec Jan Million Acres Area Planted 2.46 2.95 2.54 2.54 Area Harvested 2.37 2.91 2.48 2.47 Fil ler Pounds Yield per Harvested Acre 7,507 7,692 7,587 7,471 Million Hundredweight Beginning Stocks 2/ 46.0 29.4 44.9 44.9 Production 178.2 223.8 187.9 184.7 Imports 27.5 29.0 29.6 30.1 Supply, Total 251.8 282.2 262.4 259.6 Domestic & Residual 3/ 135.4 143.8 131.0 133.0 Exports, Total 4/ 87.1 93.6 97.5 98.0 Rough 28.8 33.0 35.0 36.0 Milled (rough equiv.) 58.2 60.6 62.5 62.0 Use, Total 222.4 237.3 228.5 231.0 Ending Stocks 29.4 44.9 33.9 28.6 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 12.90 12.30 13.00 13.20 Total LONG -GRAIN RICE 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Proj. Decemb er January Harvested Acres (mil.) 1.75 2.18 1.73 Yield (pounds/acre) 7,314 7,517 7,261 Beginning Stocks 31.0 20.3 32.6 32.6 Production 127.9 163.6 127.1 125.6 Supply, Total 7/ 182.2 207.3 183.7 182.7 Domestic & Residual 3/ 98.6 109.0 98.0 99.0 Exports 8/ 63.2 65.7 69.0 70.0 Use, Total 161.9 174.7 167.0 169.0 Ending Stocks 20.3 32.6 16.7 13.7 Avg. Farm Price ($/cwt) 6/ 11.50 10.80 11.80 12.20 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Proj. Decemb er January Harvested Acres (mil.) 0.63 0.73 0.74 Yield (pounds/acre) 8,048 8,209 7,960 Beginning Stocks 11.5 7.6 10.2 10.2 Production 50.4 60.3 60.9 59.1 Supply, Total 7/ 68.2 72.8 76.7 74.8 Domestic & Residual 3/ 36.7 34.8 33.0 34.0 Exports 8/ 23.8 27.8 28.5 28.0 Use, Total 60.6 62.6 61.5 62.0 Ending Stocks 7.6 10.2 15.2 12.8 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 17.00 17.60 16.50 16.30 California 10/ 20.10 20.00 18.50 18.30 Other States 1/ 11.70 12.30 12.10 12.20 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2015/16 -2.9; 2016/17 -3.5; 2017/18 -3.5. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and endin g stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kerne l and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farm ers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the preliminary California SAFP forecast and the final price has averaged $0.98 per cwt from 2014/15 -2017/18, with a high of $3.50 per cwt in 2017/18 and a low of -$0.20 per cwt in 2015/16. 10/ Marketing year beginning October 1. January 2020 WASDE - 596 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Dec Jan Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 90.2 89.2 76.5 76.1 Area Harvested 89.5 87.6 75.6 75.0 Fil ler Bushels Yield per Harvested Acre 49.3 50.6 46.9 47.4 Million Bushels Beginning Stocks 302 438 913 909 Production 4,412 4,428 3,550 3,558 Imports 22 14 20 15 Supply, Total 4,735 4,880 4,483 4,482 Crushings 2,055 2,092 2,105 2,105 Exports 2,134 1,748 1,775 1,775 Seed 104 88 96 96 Residual 5 43 32 32 Use, Total 4,297 3,971 4,008 4,008 Ending Stocks 438 909 475 475 Avg. Farm Price ($/bu) 2/ 9.33 8.48 8.85 9.00 Total SOYBEAN OIL 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Proj. Decemb er January Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,711 1,995 1,776 1,776 Production 4/ 23,772 24,195 24,420 24,420 Imports 335 398 450 450 Supply, Total 25,819 26,589 26,646 26,646 Domestic Disappearance 21,380 22,872 23,500 23,500 Biodiesel 3/ 7,134 7,863 8,500 8,500 Food, Feed & other Industrial 14,247 15,008 15,000 15,000 Exports 2,443 1,941 1,700 1,700 Use, Total 23,823 24,813 25,200 25,200 Ending stocks 1,995 1,776 1,446 1,446 Avg. Price (c/lb) 2/ 30.04 28.26 31.00 34.00 Total SOYBEAN MEAL 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Proj. Decemb er January Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 401 555 402 402 Production 4/ 49,226 48,809 49,498 49,498 Imports 483 684 500 500 Supply, Total 50,109 50,048 50,400 50,400 Domestic Disappearance 35,537 36,092 36,800 36,800 Exports 14,016 13,554 13,200 13,200 Use, Total 49,554 49,646 50,000 50,000 Ending Stocks 555 402 400 400 Avg. Price ($/s.t.) 2/ 345.02 308.28 310.00 305.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received b y farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only bio diesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year cr ush of 2,085 million bushels for 2018/19 and 2,105 million bushels for 2019/20. January 2020 WASDE - 596 - 16 U.S. Sugar Supply and Use 1/ 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Dec Jan Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,876 2,008 1,780 1,783 Production 2/ 9,293 8,999 8,280 8,158 Beet Sugar 5,279 4,939 4,367 4,444 Cane Sugar 4,014 4,060 3,913 3,713 Florida 1,983 2,005 2,069 2,069 Hawaii 0 0 0 0 Louisiana 1,862 1,907 1,712 1,513 Texas 169 147 131 131 Imports 3,277 3,070 3,860 3,881 TRQ 3/ 1,663 1,541 1,614 1,604 Other Program 4/ 326 438 350 350 Other 5/ 1,287 1,092 1,897 1,927 Mexico 1,223 1,000 1,827 1,827 Total Supply 14,445 14,077 13,920 13,821 Exports 170 35 35 35 Deliveries 12,185 12,231 12,230 12,230 Food 12,048 12,106 12,125 12,125 Other 6/ 137 126 105 105 Miscellaneous 82 28 0 0 Total Use 12,438 12,294 12,265 12,265 Ending Stocks 2,008 1,783 1,655 1,556 Stocks to Use Ratio 16.1 14.5 13.5 12.7 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2018/19 and 2019/20 are based on Crop Production and/or processor projections/industry data where ap propriate. 3/ For 2018/19, WTO raw sugar TRQ shortfall (56) and for 2019/20 (110). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Imports from Mexico; and high -tier tariff sugar and syrups not otherwise specified -- for 2018/19 (91) and 2019/20 (100). 6/ Transfers accompanying deliveries for sugar - containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE -reported deliveries: 2017/18 -- 278; estimated 2018/19 -- 374; projected 2019/20 -- 340. Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2018/19 Est. Dec 1,395 6,426 85 4,532 2,204 1,169 2018/19 Est. Jan 1,395 6,426 85 4,532 2,204 1,169 2019/20 Proj. Dec 1,169 5,772 85 4,492 1,603 930 2019/20 Proj. Jan 1,169 5,772 89 4,492 1,603 934 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2017/18 = 1,593; Estimated 2018/19 = 1,528; Projected 2019/20 = 1,520; Estimated Oct -Nov 2019/20 = 236, Oct -Nov 2018/19 = 233. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2018/19 (463 est); 2019/20 (435 proj). Other Deliveries/Ending Year Statistical Adjustments: 2018/19 ( -23), 2019/20 (0). January 2020 WASDE - 596 - 17 U.S. Cotton Supply and Use 1/ 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Dec Jan Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 12.72 14.10 13.76 13.74 Harvested 11.10 10.21 12.51 11.80 Fil ler Pounds Yield per Harvested Acre 905 864 775 817 Million 480 Pound Bales Beginning Stocks 2.75 4.20 4.85 4.85 Production 20.92 18.37 20.21 20.10 Imports 0.00 0.00 0.01 0.01 Supply, Total 23.68 22.57 25.06 24.96 Domestic Use 3.23 2.98 3.00 3.00 Exports, Total 16.28 14.76 16.50 16.50 Use, Total 19.50 17.74 19.50 19.50 Unaccounted 2/ -0.03 -0.02 0.06 0.06 Ending Stocks 4.20 4.85 5.50 5.40 Avg. Farm Price 3/ 68.6 70.3 61.0 63.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. January 2020 WASDE - 596 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 262.70 762.88 180.03 146.39 742.52 182.47 283.06 World Less China 147.77 628.55 176.09 128.89 621.52 181.46 151.86 United States 32.13 47.38 4.30 1.29 29.25 24.66 29.91 Total Foreign 230.57 715.50 175.73 145.10 713.27 157.81 253.15 Major Exporters 4/ 36.22 333.09 6.97 89.55 205.51 131.17 39.61 Argentina 0.25 18.50 0.01 0.05 5.55 12.73 0.47 Australia 5.73 20.94 0.16 4.00 7.48 13.85 5.51 Canada 6.93 30.38 0.45 4.20 9.28 22.00 6.48 European Union 5/ 10.72 151.13 5.82 58.00 130.40 23.38 13.89 Russia 10.82 85.17 0.47 20.00 43.00 41.43 12.03 Ukraine 1.77 26.98 0.06 3.30 9.80 17.78 1.24 Major Importers 6/ 160.57 202.93 115.67 37.70 289.75 12.42 177.00 Bangladesh 1.76 1.15 6.15 0.25 7.05 0.00 2.02 Brazil 2.26 4.26 7.02 0.50 12.00 0.23 1.31 China 114.93 134.33 3.94 17.50 121.00 1.00 131.20 Japan 1.21 0.97 5.88 0.75 6.60 0.28 1.18 N. Africa 7/ 14.28 19.25 27.45 2.25 45.23 0.88 14.87 Nigeria 0.20 0.07 5.16 0.05 4.83 0.40 0.20 Sel. Mideast 8/ 16.65 18.36 18.46 4.10 37.92 0.90 14.65 Southeast Asia 9/ 5.68 0.00 26.06 8.99 25.44 1.11 5.19 Selected Other India 9.80 98.51 1.17 5.00 95.68 0.57 13.23 Kazakhstan 3.54 14.80 0.10 2.10 6.90 9.00 2.54 2018/19 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 283.06 731.45 169.91 139.41 736.45 173.06 278.06 World Less China 151.86 600.02 166.76 119.41 611.45 172.05 138.29 United States 29.91 51.31 3.67 2.44 30.02 25.48 29.39 Total Foreign 253.15 680.14 166.24 136.97 706.42 147.58 248.67 Major Exporters 4/ 39.61 302.60 7.17 81.81 196.61 120.75 32.02 Argentina 0.47 19.50 0.01 0.05 6.05 12.19 1.74 Australia 5.51 17.30 0.36 5.70 9.20 9.01 4.96 Canada 6.48 32.20 0.48 3.56 8.86 24.38 5.92 European Union 5/ 13.89 136.86 5.76 52.00 123.20 23.31 10.00 Russia 12.03 71.69 0.45 18.00 40.50 35.84 7.82 Ukraine 1.24 25.06 0.11 2.50 8.80 16.02 1.59 Major Importers 6/ 177.00 200.27 110.93 38.44 293.69 12.33 182.18 Bangladesh 2.02 1.10 5.00 0.28 7.08 0.00 1.04 Brazil 1.31 5.43 7.02 0.50 12.10 0.60 1.06 China 131.20 131.43 3.15 20.00 125.00 1.01 139.77 Japan 1.18 0.86 5.73 0.68 6.53 0.29 0.95 N. Africa 7/ 14.87 21.00 26.93 2.25 46.15 1.19 15.46 Nigeria 0.20 0.06 4.59 0.05 4.25 0.40 0.20 Sel. Mideast 8/ 14.65 18.37 17.23 3.55 37.90 0.58 11.77 Southeast Asia 9/ 5.19 0.00 26.16 8.14 25.34 1.10 4.92 Selected Other India 13.23 99.87 0.02 5.00 95.63 0.50 16.99 Kazakhstan 2.54 13.95 0.09 1.80 6.60 8.30 1.68 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. January 2020 WASDE - 596 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Dec 277.85 765.41 177.57 148.69 753.76 179.81 289.50 Jan 278.06 764.39 178.19 148.36 754.37 181.07 288.08 World Less China Dec 138.08 631.82 174.37 127.69 625.76 178.71 142.04 Jan 138.29 630.80 174.99 127.36 626.37 179.97 140.62 United States Dec 29.39 52.26 2.86 3.81 31.46 26.54 26.51 Jan 29.39 52.26 2.86 4.08 31.71 26.54 26.26 Total Foreign Dec 248.46 713.15 174.72 144.88 722.30 153.27 262.99 Jan 248.67 712.13 175.34 144.28 722.67 154.53 261.82 Major Exporters 4/ Dec 31.91 324.45 6.96 85.90 200.50 129.40 33.42 Jan 32.02 323.45 6.86 85.40 200.00 130.70 31.63 Argentina Dec 1.63 19.00 0.01 0.05 6.05 13.00 1.59 Jan 1.74 19.00 0.01 0.05 6.05 13.00 1.70 Australia Dec 4.96 16.10 0.45 5.20 8.70 8.40 4.41 Jan 4.96 15.60 0.55 5.20 8.70 8.20 4.21 Canada Dec 5.92 32.35 0.45 4.35 9.35 24.00 5.37 Jan 5.92 32.35 0.45 4.35 9.35 24.00 5.37 European Union 5/ Dec 10.00 153.50 5.50 56.00 127.50 29.00 12.50 Jan 10.00 154.00 5.30 56.00 127.50 31.00 10.80 Russia Dec 7.82 74.50 0.48 17.00 39.50 35.00 8.29 Jan 7.82 73.50 0.48 17.00 39.50 34.00 8.29 Ukraine Dec 1.59 29.00 0.08 3.30 9.40 20.00 1.26 Jan 1.59 29.00 0.08 2.80 8.90 20.50 1.26 Major Importers 6/ Dec 182.08 204.89 116.19 39.56 299.72 13.15 190.29 Jan 182.18 204.89 116.69 39.46 299.82 13.30 190.64 Bangladesh Dec 0.94 1.10 6.00 0.30 7.20 0.00 0.84 Jan 1.04 1.20 6.00 0.30 7.20 0.00 1.04 Brazil Dec 1.06 5.30 7.70 0.50 12.20 0.60 1.26 Jan 1.06 5.20 7.70 0.50 12.10 0.60 1.26 China Dec 139.77 133.59 3.20 21.00 128.00 1.10 147.46 Jan 139.77 133.59 3.20 21.00 128.00 1.10 147.46 Japan Dec 0.95 0.96 5.90 0.70 6.50 0.28 1.03 Jan 0.95 0.96 5.90 0.70 6.50 0.28 1.03 N. Africa 7/ Dec 15.46 18.87 27.40 2.25 46.75 0.89 14.09 Jan 15.46 18.87 27.40 2.25 46.75 0.99 13.99 Nigeria Dec 0.20 0.06 5.10 0.05 4.76 0.40 0.20 Jan 0.20 0.06 5.10 0.05 4.76 0.40 0.20 Sel. Mideast 8/ Dec 11.77 22.68 17.29 3.82 39.04 0.72 11.98 Jan 11.77 22.68 17.49 3.82 39.14 0.77 12.03 Southeast Asia 9/ Dec 4.92 0.00 27.10 8.04 25.82 1.07 5.14 Jan 4.92 0.00 26.80 7.84 25.62 1.07 5.04 Selected Other India Dec 16.99 102.19 0.02 6.00 98.00 0.50 20.70 Jan 16.99 102.19 0.02 6.00 98.00 0.50 20.70 Kazakhstan Dec 1.68 11.50 0.06 1.80 6.60 5.20 1.44 Jan 1.68 11.50 0.13 1.80 6.60 5.20 1.51 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. January 2020 WASDE - 596 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 385.63 1,361.36 187.78 834.95 1,376.07 185.23 370.92 World Less China 162.13 1,095.64 171.35 637.40 1,093.47 185.16 147.94 United States 62.17 384.39 2.93 138.85 324.40 67.16 57.92 Total Foreign 323.46 976.97 184.85 696.10 1,051.67 118.07 313.00 Major Exporters 4/ 38.41 252.15 3.66 125.39 169.42 97.68 27.12 Argentina 6.70 39.32 0.01 11.98 17.61 24.91 3.50 Australia 2.65 12.19 0.00 3.94 5.81 6.74 2.29 Brazil 14.49 85.06 1.46 56.70 67.18 24.16 9.67 Canada 5.56 26.24 1.74 15.90 23.20 5.78 4.57 Russia 2.06 41.72 0.13 21.57 31.02 11.52 1.37 Ukraine 3.01 34.07 0.05 8.44 11.82 22.50 2.81 Major Importers 5/ 38.21 245.11 133.71 283.62 367.84 10.01 39.18 European Union 6/ 15.11 152.12 19.40 120.85 162.37 7.92 16.35 Japan 1.69 0.19 17.58 13.67 17.66 0.00 1.80 Mexico 6.00 33.19 16.36 29.20 48.41 0.96 6.18 N. Afr & Mideast 7/ 7.13 29.07 39.13 59.33 67.45 0.13 7.76 Saudi Arabia 2.54 0.26 11.99 12.28 12.70 0.00 2.08 Southeast Asia 8/ 3.29 30.00 14.54 36.27 44.49 1.01 2.34 South Korea 1.77 0.20 10.19 7.80 10.31 0.00 1.86 Selected Other China 223.49 265.72 16.43 197.55 282.60 0.06 222.98 2018/19 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 370.91 1,395.36 192.58 848.04 1,418.93 212.43 347.34 World Less China 147.94 1,130.84 182.04 652.59 1,131.56 212.36 136.75 United States 57.92 377.91 2.64 143.18 323.05 54.94 60.47 Total Foreign 313.00 1,017.45 189.94 704.85 1,095.88 157.48 286.87 Major Exporters 4/ 27.12 292.58 5.65 124.68 169.57 134.78 21.01 Argentina 3.50 59.22 0.01 12.48 18.34 39.57 4.82 Australia 2.29 10.93 0.00 4.59 6.66 4.19 2.38 Brazil 9.67 104.33 2.16 58.15 69.18 42.04 4.94 Canada 4.57 26.19 2.69 16.19 24.14 5.97 3.34 Russia 1.37 35.00 0.05 18.80 27.37 7.84 1.22 Ukraine 2.81 44.50 0.06 7.93 11.11 34.07 2.20 Major Importers 5/ 39.18 243.03 142.74 294.83 379.52 10.32 35.11 European Union 6/ 16.35 147.91 26.41 126.60 168.57 8.82 13.28 Japan 1.80 0.18 17.73 13.77 17.88 0.00 1.83 Mexico 6.18 33.40 17.41 31.27 50.51 0.72 5.76 N. Afr & Mideast 7/ 7.76 31.08 38.82 61.98 70.11 0.10 7.46 Saudi Arabia 2.08 0.29 10.17 10.65 11.10 0.00 1.45 Southeast Asia 8/ 2.34 29.88 16.64 37.49 45.52 0.68 2.65 South Korea 1.86 0.20 10.96 8.54 11.08 0.00 1.94 Selected Other China 222.98 264.51 10.54 195.45 287.37 0.07 210.59 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia and Ukraine. 5/ The European Union, Japan, Mexico, selected North Africa and Mid dle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. January 2020 WASDE - 596 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Dec 346.37 1,401.70 201.73 859.16 1,416.59 201.08 331.48 Jan 347.34 1,401.80 202.41 865.46 1,421.44 201.03 327.70 World Less China Dec 134.69 1,132.45 187.33 663.46 1,122.74 201.02 130.06 Jan 136.75 1,133.61 187.81 669.66 1,127.49 200.97 128.32 United States Dec 57.77 360.82 3.39 139.88 319.70 49.91 52.37 Jan 60.47 361.19 3.39 145.94 325.10 48.26 51.69 Total Foreign Dec 288.60 1,040.87 198.34 719.29 1,096.89 151.17 279.10 Jan 286.87 1,040.61 199.02 719.52 1,096.34 152.77 276.01 Major Exporters 4/ Dec 21.72 301.63 3.05 126.73 171.82 130.73 23.85 Jan 21.01 301.82 3.05 126.49 171.43 131.43 23.02 Argentina Dec 4.99 57.62 0.01 13.01 19.45 36.71 6.46 Jan 4.82 57.62 0.01 13.01 19.45 36.91 6.09 Australia Dec 2.38 10.16 0.00 4.12 6.09 4.35 2.11 Jan 2.38 9.96 0.00 4.12 6.09 4.15 2.11 Brazil Dec 5.44 104.35 1.70 58.87 70.00 36.01 5.48 Jan 4.94 104.35 1.70 58.87 70.00 36.01 4.98 Canada Dec 3.34 28.56 1.03 16.07 23.43 5.76 3.74 Jan 3.34 28.56 1.03 16.07 23.43 5.76 3.74 Russia Dec 1.22 40.38 0.09 20.18 28.73 11.47 1.49 Jan 1.22 40.77 0.09 20.44 28.94 11.47 1.67 Ukraine Dec 2.15 46.04 0.03 7.81 11.16 34.94 2.12 Jan 2.20 46.04 0.03 7.31 10.56 35.64 2.07 Major Importers 5/ Dec 35.14 254.27 146.38 303.65 389.25 9.91 36.64 Jan 35.11 254.31 147.04 303.66 389.36 10.81 36.29 European Union 6/ Dec 13.28 159.00 22.01 126.60 169.17 8.33 16.79 Jan 13.28 159.04 21.91 125.85 168.52 9.23 16.48 Japan Dec 1.83 0.20 17.77 13.96 18.07 0.00 1.72 Jan 1.83 0.20 17.77 13.96 18.07 0.00 1.72 Mexico Dec 5.76 30.60 18.24 31.81 50.89 0.70 3.01 Jan 5.76 30.60 18.39 31.96 51.04 0.70 3.01 N. Afr & Mideast 7/ Dec 7.49 32.96 42.29 65.99 74.42 0.14 8.18 Jan 7.46 32.96 42.89 66.59 75.02 0.14 8.14 Saudi Arabia Dec 1.45 0.27 12.51 12.25 12.71 0.00 1.52 Jan 1.45 0.27 12.51 12.25 12.71 0.00 1.52 Southeast Asia 8/ Dec 2.65 30.96 18.26 39.96 48.11 0.74 3.03 Jan 2.65 30.96 18.27 39.97 48.12 0.74 3.03 South Korea Dec 1.94 0.20 10.91 8.55 11.14 0.00 1.92 Jan 1.94 0.20 10.91 8.55 11.14 0.00 1.92 Selected Other China Dec 211.69 269.25 14.40 195.70 293.85 0.06 201.42 Jan 210.59 268.20 14.60 195.80 293.95 0.06 199.38 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia and Ukraine. 5/ T he European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malays ia, Philippines, Thailand, and Vietnam. January 2020 WASDE - 596 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 351.78 1,079.91 149.93 672.31 1,090.40 148.19 341.29 World Less China 128.76 820.84 146.47 485.31 827.40 148.17 118.77 United States 58.25 371.10 0.92 134.73 313.98 61.92 54.37 Total Foreign 293.53 708.82 149.02 537.58 776.42 86.27 286.93 Major Exporters 4/ 25.32 164.42 1.18 81.63 102.63 72.26 16.02 Argentina 5.27 32.00 0.01 8.50 12.40 22.47 2.41 Brazil 14.02 82.00 0.92 54.00 63.50 24.15 9.28 Russia 0.78 13.20 0.05 7.40 8.30 5.53 0.20 South Africa 3.70 13.10 0.17 6.83 12.23 2.07 2.67 Ukraine 1.55 24.12 0.04 4.90 6.20 18.04 1.47 Major Importers 5/ 21.93 126.08 88.35 154.80 208.95 3.71 23.71 Egypt 1.89 6.40 9.46 13.40 15.90 0.01 1.85 European Union 6/ 7.60 62.02 18.47 57.00 76.50 1.75 9.84 Japan 1.32 0.00 15.67 12.00 15.60 0.00 1.39 Mexico 5.41 27.57 16.13 24.30 42.50 0.96 5.65 Southeast Asia 7/ 3.28 29.95 14.20 36.20 44.10 1.00 2.33 South Korea 1.76 0.07 10.02 7.70 10.00 0.00 1.85 Selected Other 0.00 Canada 2.57 14.10 1.67 8.84 13.99 1.94 2.42 China 223.02 259.07 3.46 187.00 263.00 0.02 222.53 2018/19 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 341.29 1,122.46 162.76 700.62 1,143.37 181.43 320.39 World Less China 118.77 865.13 158.28 509.62 869.37 181.41 110.07 United States 54.37 364.26 0.71 137.98 310.47 52.46 56.41 Total Foreign 286.93 758.20 162.05 562.64 832.89 128.97 263.98 Major Exporters 4/ 16.02 211.02 2.18 83.80 105.75 112.19 11.28 Argentina 2.41 51.00 0.01 9.70 13.80 36.00 3.61 Brazil 9.28 101.00 1.50 55.20 65.20 42.00 4.58 Russia 0.20 11.42 0.04 7.60 8.50 2.77 0.38 South Africa 2.67 11.80 0.60 6.50 12.20 1.10 1.77 Ukraine 1.47 35.81 0.04 4.80 6.05 30.32 0.94 Major Importers 5/ 23.71 128.60 98.91 170.30 224.90 5.03 21.29 Egypt 1.85 6.80 9.37 13.70 16.20 0.00 1.81 European Union 6/ 9.84 64.22 25.21 68.00 88.00 3.63 7.63 Japan 1.39 0.00 16.05 12.30 16.00 0.00 1.44 Mexico 5.65 27.60 16.66 25.90 44.10 0.72 5.09 Southeast Asia 7/ 2.33 29.83 16.26 37.40 45.10 0.68 2.64 South Korea 1.85 0.08 10.86 8.50 10.85 0.00 1.93 Selected Other 0.00 Canada 2.42 13.89 2.63 9.37 15.16 1.80 1.98 China 222.53 257.33 4.48 191.00 274.00 0.02 210.32 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting dis crepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra- trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. January 2020 WASDE - 596 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Dec 319.17 1,108.62 167.56 696.32 1,127.23 166.64 300.56 Jan 320.39 1,110.84 167.42 703.92 1,133.41 165.64 297.81 World Less China Dec 107.85 847.85 160.56 507.32 849.23 166.62 99.49 Jan 110.07 850.07 160.42 513.92 854.41 165.62 98.74 United States Dec 53.71 347.01 1.27 133.99 306.47 46.99 48.53 Jan 56.41 347.78 1.27 140.34 312.31 45.09 48.07 Total Foreign Dec 265.46 761.61 166.29 562.33 820.76 119.65 252.03 Jan 263.98 763.05 166.15 563.58 821.11 120.55 249.74 Major Exporters 4/ Dec 11.83 214.50 1.17 84.70 107.30 106.70 13.50 Jan 11.28 215.00 1.17 84.60 107.15 107.20 13.10 Argentina Dec 3.61 50.00 0.01 10.30 15.00 33.50 5.12 Jan 3.61 50.00 0.01 10.30 15.00 33.50 5.12 Brazil Dec 5.08 101.00 1.00 56.00 66.00 36.00 5.08 Jan 4.58 101.00 1.00 56.00 66.00 36.00 4.58 Russia Dec 0.38 14.00 0.04 7.50 8.40 5.70 0.32 Jan 0.38 14.50 0.04 7.80 8.75 5.70 0.47 South Africa Dec 1.87 14.00 0.10 6.60 12.30 1.50 2.17 Jan 1.77 14.00 0.10 6.60 12.30 1.50 2.07 Ukraine Dec 0.89 35.50 0.02 4.30 5.60 30.00 0.81 Jan 0.94 35.50 0.02 3.90 5.10 30.50 0.86 Major Importers 5/ Dec 21.32 127.03 97.40 168.00 223.05 3.44 19.26 Jan 21.29 127.47 97.40 168.00 223.05 3.84 19.27 Egypt Dec 1.84 6.40 9.90 14.20 16.70 0.01 1.43 Jan 1.81 6.40 9.90 14.20 16.70 0.01 1.40 European Union 6/ Dec 7.63 64.56 21.00 62.00 82.50 2.00 8.69 Jan 7.63 65.00 21.00 62.00 82.50 2.40 8.73 Japan Dec 1.44 0.00 16.00 12.40 16.10 0.00 1.34 Jan 1.44 0.00 16.00 12.40 16.10 0.00 1.34 Mexico Dec 5.09 25.00 17.50 26.50 44.50 0.70 2.39 Jan 5.09 25.00 17.50 26.50 44.50 0.70 2.39 Southeast Asia 7/ Dec 2.64 30.91 17.90 39.90 47.70 0.73 3.02 Jan 2.64 30.91 17.90 39.90 47.70 0.73 3.02 South Korea Dec 1.93 0.08 10.80 8.50 10.90 0.00 1.91 Jan 1.93 0.08 10.80 8.50 10.90 0.00 1.91 Selected Other Canada Dec 1.98 13.40 1.00 8.30 13.50 1.30 1.58 Jan 1.98 13.40 1.00 8.30 13.50 1.30 1.58 China Dec 211.32 260.77 7.00 189.00 278.00 0.02 201.07 Jan 210.32 260.77 7.00 190.00 279.00 0.02 199.07 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. January 2020 WASDE - 596 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 149.95 494.80 46.70 482.11 47.24 162.64 World Less China 51.45 345.92 41.20 339.62 45.85 53.64 United States 1.46 5.66 0.87 4.30 2.76 0.93 Total Foreign 148.48 489.14 45.83 477.81 44.47 161.71 Major Exporters 4/ 27.64 181.69 0.76 144.77 36.45 28.88 Burma 0.55 13.20 0.01 10.20 2.75 0.81 India 20.55 112.76 0.00 98.67 12.04 22.60 Pakistan 1.34 7.50 0.00 3.40 4.01 1.42 Thailand 4.24 20.58 0.25 11.00 11.06 3.01 Vietnam 0.97 27.66 0.50 21.50 6.59 1.03 Major Importers 5/ 108.70 241.11 21.35 248.08 1.82 121.25 China 98.50 148.87 5.50 142.49 1.39 109.00 European Union 6/ 1.19 2.03 2.01 3.70 0.35 1.18 Indonesia 2.92 37.00 2.35 38.10 0.00 4.16 Nigeria 1.86 4.73 2.00 6.90 0.00 1.69 Philippines 2.00 12.24 1.30 13.25 0.00 2.29 Sel. Mideast 7/ 0.86 2.22 3.62 5.80 0.00 0.91 Selected Other 0.00 Brazil 0.63 8.20 0.56 7.75 1.15 0.49 C. Amer & Carib 8/ 0.68 1.64 1.66 3.27 0.04 0.68 Egypt 1.43 4.30 0.09 4.20 0.05 1.56 Japan 2.41 7.79 0.69 8.60 0.06 2.22 Mexico 0.17 0.18 0.81 0.92 0.10 0.15 South Korea 2.00 3.97 0.40 4.75 0.06 1.56 2018/19 Est. Beginning Sto c ks Production Imports Total /2 Dom estic Exports Ending Sto c ks World 3/ 162.64 499.16 43.46 487.41 44.14 174.39 World Less China 53.64 350.67 40.76 344.44 41.34 59.97 United States 0.93 7.11 0.92 4.57 2.97 1.42 Total Foreign 161.71 492.05 42.54 482.85 41.17 172.96 Major Exporters 4/ 28.88 185.00 0.66 145.87 32.25 36.42 Burma 0.81 13.18 0.01 10.40 2.50 1.10 India 22.60 116.42 0.00 99.02 10.50 29.50 Pakistan 1.42 7.30 0.00 3.30 4.50 0.92 Thailand 3.01 20.34 0.25 11.80 7.90 3.90 Vietnam 1.03 27.77 0.40 21.35 6.85 1.00 Major Importers 5/ 121.25 241.89 16.07 249.68 3.23 126.31 China 109.00 148.49 2.70 142.97 2.80 114.42 European Union 6/ 1.18 1.96 2.10 3.79 0.32 1.13 Indonesia 4.16 36.70 0.30 37.90 0.00 3.26 Nigeria 1.69 4.79 1.90 7.00 0.00 1.38 Philippines 2.29 11.73 3.57 14.10 0.00 3.49 Sel. Mideast 7/ 0.91 2.01 3.75 5.87 0.00 0.80 Selected Other 0.00 Brazil 0.49 7.14 0.90 7.50 0.80 0.23 C. Amer & Carib 8/ 0.68 1.68 1.84 3.49 0.03 0.67 Egypt 1.56 2.80 0.90 4.15 0.02 1.09 Japan 2.22 7.66 0.69 8.50 0.06 2.01 Mexico 0.15 0.19 0.76 0.92 0.03 0.15 South Korea 1.56 3.87 0.41 4.71 0.10 1.02 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia , Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. January 2020 WASDE - 596 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Dec 173.23 498.40 43.52 493.83 45.67 177.80 Jan 174.39 496.67 43.10 494.00 45.59 177.05 World Less China Dec 58.68 351.67 41.12 350.83 42.37 60.42 Jan 59.97 349.94 40.70 351.00 42.29 59.80 United States Dec 1.42 5.97 0.94 4.16 3.10 1.08 Jan 1.42 5.86 0.96 4.22 3.11 0.91 Total Foreign Dec 171.81 492.43 42.58 489.67 42.58 176.73 Jan 172.96 490.80 42.14 489.78 42.48 176.14 Major Exporters 4/ Dec 35.09 184.60 0.66 149.10 33.50 37.75 Jan 36.42 182.60 0.66 149.35 33.30 37.03 Burma Dec 1.10 13.30 0.01 10.55 2.60 1.26 Jan 1.10 13.30 0.01 10.55 2.60 1.26 India Dec 28.02 115.00 0.00 102.00 11.50 29.52 Jan 29.50 115.00 0.00 102.50 11.80 30.20 Pakistan Dec 1.27 7.50 0.00 3.55 4.00 1.22 Jan 0.92 7.50 0.00 3.30 4.40 0.72 Thailand Dec 3.70 20.50 0.25 11.50 8.40 4.55 Jan 3.90 18.50 0.25 11.50 7.50 3.65 Vietnam Dec 1.00 28.30 0.40 21.50 7.00 1.20 Jan 1.00 28.30 0.40 21.50 7.00 1.20 Major Importers 5/ Dec 126.58 241.33 15.48 250.73 3.71 128.95 Jan 126.31 241.68 15.04 250.43 3.71 128.89 China Dec 114.55 146.73 2.40 143.00 3.30 117.38 Jan 114.42 146.73 2.40 143.00 3.30 117.25 European Union 6/ Dec 1.13 2.00 2.05 3.80 0.30 1.09 Jan 1.13 2.00 2.05 3.80 0.30 1.09 Indonesia Dec 3.26 36.50 1.40 38.10 0.00 3.06 Jan 3.26 36.50 1.00 37.70 0.00 3.06 Nigeria Dec 1.38 4.90 1.80 7.00 0.00 1.08 Jan 1.38 4.90 1.80 7.00 0.00 1.08 Philippines Dec 3.49 12.00 2.70 14.40 0.00 3.79 Jan 3.49 12.00 2.70 14.40 0.00 3.79 Sel. Mideast 7/ Dec 0.80 2.29 3.68 6.08 0.00 0.69 Jan 0.80 2.29 3.68 6.08 0.00 0.69 Selected Other Brazil Dec 0.23 7.14 1.10 7.60 0.50 0.37 Jan 0.23 7.14 1.10 7.50 0.60 0.37 C. Amer & Carib 8/ Dec 0.67 1.55 2.00 3.54 0.03 0.65 Jan 0.67 1.55 2.00 3.54 0.03 0.65 Egypt Dec 1.09 4.30 0.30 4.35 0.10 1.24 Jan 1.09 4.30 0.30 4.35 0.10 1.24 Japan Dec 2.01 7.80 0.69 8.40 0.07 2.03 Jan 2.01 7.80 0.69 8.40 0.07 2.03 Mexico Dec 0.15 0.20 0.79 0.93 0.02 0.19 Jan 0.15 0.20 0.79 0.93 0.02 0.19 South Korea Dec 1.02 3.74 0.41 4.40 0.06 0.72 Jan 1.02 3.74 0.41 4.40 0.06 0.72 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. January 2020 WASDE - 596 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2017/18 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 80.29 123.78 41.16 122.76 41.51 0.12 80.84 World Less China 34.37 96.28 35.45 81.76 41.38 0.12 42.85 United States 2.75 20.92 3/ 3.23 16.28 -0.03 4.20 Total Foreign 77.54 102.86 41.16 119.54 25.24 0.15 76.64 Major Exporters 4/ 21.90 57.10 2.47 32.75 21.86 0.02 26.84 Central Asia 5/ 2.18 6.50 3/ 3.38 2.63 0.00 2.67 Afr. Fr. Zone 6/ 1.46 5.44 3/ 0.14 5.06 0.00 1.70 S. Hemis. 7/ 10.18 15.70 0.24 4.44 8.65 0.01 13.01 Australia 2.19 4.80 3/ 0.04 3.92 0.00 3.04 Brazil 6.93 9.22 0.08 3.40 4.17 0.00 8.66 India 7.88 29.00 1.68 24.15 5.18 0.00 9.23 Major Importers 8/ 54.18 42.93 36.05 82.74 2.35 0.12 47.95 Mexico 0.45 1.56 0.93 1.90 0.35 0.03 0.66 China 45.92 27.50 5.71 41.00 0.14 0.00 37.99 European Union 9/ 0.19 1.53 0.73 0.75 1.37 0.04 0.30 Turkey 1.53 4.00 4.02 7.45 0.33 0.00 1.78 Pakistan 2.32 8.20 3.40 10.90 0.16 0.03 2.83 Indonesia 0.62 3/ 3.52 3.50 0.01 0.00 0.63 Thailand 0.20 3/ 1.15 1.13 0.00 0.03 0.20 Bangladesh 1.63 0.14 7.60 7.50 0.00 0.01 1.86 Vietnam 0.88 3/ 7.00 6.60 0.00 0.00 1.29 2018/19 Est. Beginning Sto c ks Production Imports Dom estic Use Exports Loss /2 Ending Sto c ks World 80.84 118.14 42.20 120.19 41.34 0.12 79.53 World Less China 42.85 90.39 32.56 80.69 41.13 0.12 43.86 United States 4.20 18.37 3/ 2.98 14.76 -0.02 4.85 Total Foreign 76.64 99.77 42.20 117.21 26.58 0.14 74.68 Major Exporters 4/ 26.84 54.18 2.50 32.99 22.37 0.02 28.13 Central Asia 5/ 2.67 5.44 3/ 3.80 2.01 0.00 2.31 Afr. Fr. Zone 6/ 1.70 5.41 3/ 0.14 5.55 0.00 1.42 S. Hemis. 7/ 13.01 16.89 0.18 4.39 10.86 0.01 14.81 Australia 3.04 2.20 3/ 0.04 3.63 0.00 1.57 Brazil 8.66 12.52 0.02 3.40 6.02 0.00 11.78 India 9.23 25.80 1.80 24.00 3.51 0.00 9.31 Major Importers 8/ 47.95 42.65 37.16 80.06 2.99 0.11 44.60 Mexico 0.66 1.74 0.85 1.95 0.50 0.03 0.77 China 37.99 27.75 9.64 39.50 0.21 0.00 35.67 European Union 9/ 0.30 1.72 0.64 0.69 1.72 0.03 0.23 Turkey 1.78 3.70 3.50 6.90 0.48 0.00 1.59 Pakistan 2.83 7.60 2.85 10.70 0.06 0.03 2.50 Indonesia 0.63 3/ 3.05 3.15 0.01 0.00 0.53 Thailand 0.20 3/ 1.08 1.08 0.00 0.03 0.18 Bangladesh 1.86 0.14 6.90 7.30 0.00 0.01 1.58 Vietnam 1.29 3/ 6.90 7.00 0.00 0.00 1.19 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on suppl y less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regi ons listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. January 2020 WASDE - 596 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2019/20 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Dec 79.69 121.11 44.38 120.27 44.40 0.19 80.32 Jan 79.53 120.48 43.83 120.22 43.85 0.19 79.59 World Less China Dec 44.02 93.86 35.38 81.77 44.22 0.19 47.08 Jan 43.86 93.23 35.33 81.72 43.67 0.19 46.85 United States Dec 4.85 20.21 0.01 3.00 16.50 0.06 5.50 Jan 4.85 20.10 0.01 3.00 16.50 0.06 5.40 filler filler filler filler filler filler filler Total Foreign Dec 74.84 100.90 44.38 117.27 27.90 0.13 74.82 Jan 74.68 100.38 43.83 117.22 27.35 0.13 74.19 Major Exporters 4/ Dec 28.08 57.12 2.88 33.85 23.40 0.02 30.82 Jan 28.13 56.91 2.88 34.05 22.85 0.02 31.00 Central Asia 5/ Dec 2.31 5.86 3/ 4.14 1.89 0.00 2.14 Jan 2.31 5.86 3/ 4.34 1.69 0.00 2.14 Afr. Fr. Zone 6/ Dec 1.37 5.91 3/ 0.14 5.68 0.00 1.46 Jan 1.42 5.87 3/ 0.14 5.68 0.00 1.47 S. Hemis. 7/ Dec 14.81 15.37 0.18 4.38 11.54 0.01 14.44 Jan 14.81 15.19 0.18 4.38 11.39 0.01 14.41 Australia Dec 1.57 0.85 3/ 0.04 1.50 0.00 0.89 Jan 1.57 0.68 3/ 0.04 1.35 0.00 0.86 filler filler filler filler filler filler filler Brazil Dec 11.78 12.50 0.03 3.40 8.80 0.00 12.10 Jan 11.78 12.50 0.03 3.40 8.80 0.00 12.10 India Dec 9.31 29.50 2.20 24.50 4.00 0.00 12.51 Jan 9.31 29.50 2.20 24.50 3.80 0.00 12.71 Major Importers 8/ Dec 44.80 40.73 38.92 79.22 2.94 0.11 42.17 Jan 44.60 40.42 38.37 78.97 2.94 0.11 41.36 Mexico Dec 0.77 1.58 0.85 2.00 0.45 0.03 0.72 Jan 0.77 1.57 0.80 1.95 0.45 0.03 0.71 China Dec 35.67 27.25 9.00 38.50 0.18 0.00 33.25 Jan 35.67 27.25 8.50 38.50 0.18 0.00 32.75 European Union 9/ Dec 0.23 1.96 0.65 0.69 1.86 0.03 0.26 Jan 0.23 1.96 0.65 0.69 1.86 0.03 0.26 Turkey Dec 1.59 3.60 4.00 7.10 0.35 0.00 1.74 Jan 1.59 3.40 4.10 7.10 0.35 0.00 1.64 Pakistan Dec 2.50 6.20 4.20 10.60 0.10 0.03 2.17 Jan 2.50 6.10 4.30 10.60 0.10 0.03 2.17 Indonesia Dec 0.53 3/ 3.10 3.10 0.01 0.00 0.53 Jan 0.53 3/ 3.10 3.10 0.01 0.00 0.53 Thailand Dec 0.18 3/ 1.00 1.00 0.00 0.03 0.15 Jan 0.18 3/ 1.00 1.00 0.00 0.03 0.15 Bangladesh Dec 1.78 0.14 7.30 7.40 0.00 0.01 1.81 Jan 1.58 0.14 7.20 7.30 0.00 0.01 1.61 Vietnam Dec 1.19 3/ 7.20 7.20 0.00 0.00 1.19 Jan 1.19 3/ 7.10 7.10 0.00 0.00 1.19 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on suppl y less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso , Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. January 2020 WASDE - 596 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 95.03 341.99 153.27 294.90 338.33 153.07 98.89 World Less China 74.91 326.71 59.17 204.90 232.03 152.93 75.83 United States 8.21 120.07 0.59 55.93 58.87 58.07 11.92 Total Foreign 86.82 221.93 152.67 238.97 279.46 94.99 86.97 Major Exporters 3/ 60.41 171.61 4.89 85.08 94.17 85.55 57.19 Argentina 27.00 37.80 4.70 36.93 43.63 2.13 23.73 Brazil 33.21 122.00 0.18 44.21 46.51 76.14 32.74 Paraguay 0.20 10.48 0.01 3.87 3.95 6.03 0.71 Major Importers 4/ 22.79 19.19 124.49 116.06 140.35 0.43 25.69 China 20.12 15.28 94.10 90.00 106.30 0.13 23.06 European Union 1.15 2.54 14.58 14.95 16.60 0.28 1.40 Southeast Asia 1.15 0.69 7.68 3.46 8.64 0.02 0.86 Mexico 0.15 0.43 4.87 5.25 5.29 0.00 0.17 2018/19 Est. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ 98.89 358.28 145.95 298.34 343.62 149.22 110.28 World Less China 75.83 342.31 63.41 213.34 241.62 149.11 90.82 United States 11.92 120.52 0.38 56.94 60.52 47.56 24.74 Total Foreign 86.97 237.76 145.57 241.40 283.10 101.66 85.54 Major Exporters 3/ 57.19 183.98 6.56 87.07 96.18 92.30 59.25 Argentina 23.73 55.30 6.41 40.57 47.45 9.10 28.89 Brazil 32.74 117.00 0.14 42.53 44.67 74.95 30.26 Paraguay 0.71 8.85 0.01 3.90 3.98 5.50 0.09 Major Importers 4/ 25.69 19.84 115.44 113.55 138.73 0.33 21.91 China 23.06 15.97 82.54 85.00 102.00 0.12 19.46 European Union 1.40 2.66 15.00 16.15 17.81 0.18 1.08 Southeast Asia 0.86 0.66 8.69 3.85 9.19 0.04 0.97 Mexico 0.17 0.34 5.91 6.15 6.20 0.00 0.22 2019/20 Proj. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ Dec 109.80 337.48 147.94 302.83 349.67 149.15 96.40 Jan 110.28 337.70 147.95 303.58 350.11 149.15 96.67 World Less China Dec 90.41 319.38 62.94 218.33 247.47 149.02 76.23 Jan 90.82 319.60 62.95 218.58 247.41 149.02 76.94 United States Dec 24.85 96.62 0.54 57.29 60.78 48.31 12.92 Jan 24.74 96.84 0.41 57.29 60.77 48.31 12.92 Total Foreign Dec 84.95 240.86 147.39 245.54 288.89 100.84 83.47 Jan 85.54 240.86 147.54 246.29 289.35 100.84 83.76 Major Exporters 3/ Dec 58.75 188.40 4.11 92.33 102.30 92.53 56.43 Jan 59.25 188.40 4.06 92.33 102.00 92.53 57.18 Argentina Dec 28.89 53.00 3.90 44.60 51.70 8.20 25.89 Jan 28.89 53.00 3.90 44.60 51.70 8.20 25.89 Brazil Dec 29.76 123.00 0.20 43.75 46.54 76.00 30.42 Jan 30.26 123.00 0.15 43.75 46.24 76.00 31.17 Paraguay Dec 0.09 10.20 0.01 3.90 3.98 6.20 0.11 Jan 0.09 10.20 0.01 3.90 3.98 6.20 0.11 Major Importers 4/ Dec 21.82 21.83 118.64 112.84 138.93 0.42 22.93 Jan 21.91 21.83 118.84 113.59 139.69 0.42 22.47 China Dec 19.39 18.10 85.00 84.50 102.20 0.13 20.16 Jan 19.46 18.10 85.00 85.00 102.70 0.13 19.73 European Union Dec 1.08 2.60 15.20 15.90 17.56 0.25 1.07 Jan 1.08 2.60 15.20 15.90 17.56 0.25 1.07 Southeast Asia Dec 0.97 0.64 9.29 4.06 9.61 0.04 1.25 Jan 0.97 0.64 9.29 4.06 9.61 0.04 1.25 Mexico Dec 0.19 0.24 5.80 5.95 6.00 0.00 0.23 Jan 0.22 0.24 6.00 6.20 6.25 0.00 0.20 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includ es Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to rounding. January 2020 WASDE - 596 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 14.03 232.67 60.13 228.68 64.85 13.30 World Less China 14.03 161.39 60.10 158.58 63.65 13.30 United States 0.36 44.66 0.44 32.24 12.72 0.50 Total Foreign 13.67 188.01 59.69 196.44 52.13 12.80 Major Exporters 3/ 7.30 68.86 0.03 25.05 44.16 6.99 Argentina 3.34 28.40 0.00 3.00 26.27 2.48 Brazil 3.32 34.30 0.02 17.31 16.03 4.30 India 0.65 6.16 0.01 4.74 1.86 0.22 Major Importers 4/ 1.84 20.48 38.70 58.86 0.66 1.50 European Union 0.49 11.81 18.35 30.04 0.40 0.21 Mexico 0.04 4.15 1.82 5.95 0.02 0.04 Southeast Asia 5/ 1.22 2.70 16.80 19.42 0.25 1.06 2018/19 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 13.30 234.16 63.31 230.93 67.52 12.32 World Less China 13.30 166.84 63.29 164.53 66.58 12.32 United States 0.50 44.28 0.62 32.74 12.30 0.37 Total Foreign 12.80 189.88 62.69 198.19 55.22 11.96 Major Exporters 3/ 6.99 71.84 0.07 26.02 47.01 5.87 Argentina 2.48 31.20 0.00 3.10 28.83 1.74 Brazil 4.30 32.96 0.02 17.64 15.98 3.66 India 0.22 7.68 0.05 5.28 2.20 0.47 Major Importers 4/ 1.50 22.43 39.67 61.16 0.60 1.84 European Union 0.21 12.76 18.70 30.89 0.37 0.41 Mexico 0.04 4.86 1.93 6.63 0.01 0.20 Southeast Asia 5/ 1.06 3.00 17.41 20.17 0.22 1.10 2019/20 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Dec 11.61 238.00 64.61 235.47 67.81 10.95 Jan 12.32 238.60 64.64 235.81 67.80 11.94 World Less China Dec 11.61 171.08 64.56 169.39 66.91 10.95 Jan 12.32 171.28 64.59 169.39 66.85 11.94 United States Dec 0.37 44.90 0.45 33.38 11.98 0.36 Jan 0.37 44.90 0.45 33.38 11.98 0.36 Total Foreign Dec 11.24 193.10 64.16 202.08 55.83 10.58 Jan 11.96 193.70 64.18 202.43 55.83 11.58 Major Exporters 3/ Dec 5.37 74.65 0.08 27.21 47.70 5.19 Jan 5.87 74.65 0.08 26.91 47.70 5.99 Argentina Dec 1.74 34.30 0.00 3.28 30.85 1.91 Jan 1.74 34.30 0.00 3.28 30.85 1.91 Brazil Dec 3.16 33.95 0.03 18.58 15.40 3.16 Jan 3.66 33.95 0.03 18.28 15.40 3.96 India Dec 0.47 6.40 0.05 5.35 1.45 0.12 Jan 0.47 6.40 0.05 5.35 1.45 0.12 Major Importers 4/ Dec 1.71 22.26 40.55 62.12 0.60 1.80 Jan 1.84 22.46 40.55 62.34 0.59 1.92 European Union Dec 0.41 12.56 19.00 31.19 0.35 0.42 Jan 0.41 12.56 19.00 31.19 0.35 0.42 Mexico Dec 0.06 4.70 1.98 6.65 0.02 0.08 Jan 0.20 4.90 1.98 6.88 0.01 0.20 Southeast Asia 5/ Dec 1.10 3.17 17.89 20.78 0.23 1.15 Jan 1.10 3.17 17.89 20.78 0.23 1.15 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. January 2020 WASDE - 596 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 3.76 55.15 9.82 54.71 10.54 3.48 World Less China 3.09 39.02 9.34 38.21 10.32 2.92 United States 0.78 10.78 0.15 9.70 1.11 0.91 Total Foreign 2.98 44.36 9.67 45.01 9.43 2.58 Major Exporters 3/ 0.74 19.31 0.33 12.28 7.28 0.83 Argentina 0.28 7.24 0.00 3.08 4.16 0.27 Brazil 0.29 8.50 0.05 6.94 1.51 0.39 European Union 0.16 2.84 0.28 2.23 0.90 0.16 Major Importers 4/ 1.37 18.44 5.86 24.43 0.27 0.96 China 0.67 16.13 0.48 16.50 0.21 0.57 India 0.48 1.39 2.98 4.72 0.01 0.12 North Africa 5/ 0.13 0.70 1.53 2.13 0.06 0.18 2018/19 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 3.48 55.85 10.64 55.33 11.05 3.59 World Less China 2.92 40.62 9.86 39.45 10.85 3.09 United States 0.91 10.98 0.18 10.37 0.88 0.81 Total Foreign 2.58 44.87 10.46 44.96 10.17 2.79 Major Exporters 3/ 0.83 19.88 0.47 12.37 7.84 0.97 Argentina 0.27 7.91 0.00 2.68 5.26 0.24 Brazil 0.39 8.16 0.05 7.19 1.08 0.33 European Union 0.16 3.07 0.42 2.46 0.79 0.40 Major Importers 4/ 0.96 18.00 6.39 24.14 0.26 0.94 China 0.57 15.23 0.78 15.89 0.20 0.50 India 0.12 1.73 3.10 4.81 0.01 0.13 North Africa 5/ 0.18 0.75 1.46 2.20 0.06 0.13 2019/20 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Dec 3.60 56.73 11.61 56.84 11.81 3.28 Jan 3.59 56.86 11.59 56.87 11.84 3.34 World Less China Dec 3.10 41.59 10.41 40.56 11.66 2.88 Jan 3.09 41.63 10.39 40.54 11.69 2.88 United States Dec 0.81 11.08 0.20 10.66 0.77 0.66 Jan 0.81 11.08 0.20 10.66 0.77 0.66 Total Foreign Dec 2.80 45.65 11.40 46.18 11.04 2.63 Jan 2.79 45.79 11.38 46.21 11.07 2.68 Major Exporters 3/ Dec 0.97 20.86 0.41 12.53 8.76 0.95 Jan 0.97 20.86 0.41 12.53 8.76 0.95 Argentina Dec 0.24 8.70 0.00 2.69 6.00 0.25 Jan 0.24 8.70 0.00 2.69 6.00 0.25 Brazil Dec 0.33 8.40 0.05 7.35 1.10 0.33 Jan 0.33 8.40 0.05 7.35 1.10 0.33 European Union Dec 0.40 3.02 0.35 2.46 0.95 0.37 Jan 0.40 3.02 0.35 2.46 0.95 0.37 Major Importers 4/ Dec 0.94 17.68 7.30 24.89 0.22 0.82 Jan 0.94 17.77 7.30 24.92 0.22 0.87 China Dec 0.50 15.14 1.20 16.29 0.15 0.41 Jan 0.50 15.23 1.20 16.33 0.15 0.46 India Dec 0.13 1.44 3.50 4.95 0.01 0.12 Jan 0.13 1.44 3.50 4.95 0.01 0.12 North Africa 5/ Dec 0.13 0.77 1.55 2.27 0.06 0.12 Jan 0.13 0.77 1.55 2.27 0.06 0.12 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. January 2020 WASDE - 596 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2018 Annual 26,872 26,315 53,417 42,601 5,878 49,018 102,435 9,115 217.6 2019 I 6,414 6,838 13,308 10,384 1,446 11,957 25,264 2,307 54.5 II 6,814 6,615 13,487 10,933 1,450 12,513 26,000 2,337 55.8 III 6,923 6,706 13,683 11,397 1,453 12,986 26,669 2,338 54.3 IV 7,000 7,480 14,534 11,125 1,500 12,747 27,281 2,398 53.8 Annual Dec Proj. 27,136 27,694 55,052 43,839 5,889 50,246 105,298 9,364 218.6 Jan Est. 27,151 27,639 55,011 43,839 5,849 50,203 105,214 9,380 218.3 2020 I* 6,495 7,180 13,731 10,900 1,445 12,471 26,202 2,345 55.6 II* 7,140 6,850 14,045 11,350 1,450 12,937 26,982 2,365 56.8 III* 6,880 6,950 13,884 11,725 1,465 13,332 27,216 2,385 54.9 IV* 6,925 7,665 14,649 11,425 1,550 13,105 27,754 2,420 54.7 Annual Dec Proj. 27,515 28,680 56,423 45,250 5,925 51,721 108,144 9,500 222.4 Jan Proj. 27,440 28,645 56,309 45,400 5,910 51,845 108,154 9,515 222.0 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2018 Annual 117.12 45.93 97.8 80.2 137.6 16.27 2019 I 125.27 40.67 94.0 82.8 107.3 16.97 II 118.79 57.95 97.7 85.5 69.7 17.93 III 108.16 50.08 82.0 90.8 81.9 18.97 IV 114.88 43.11 80.6 97.8 117.2 20.50 Annual Dec Proj. 117.00 48.00 88.5 89.0 94.0 18.60 Jan Est. 116.78 47.95 88.6 89.2 94.0 18.60 2020 I* 125.00 50.00 86.0 88.0 93.0 19.30 II* 118.00 56.00 95.0 90.0 78.0 19.15 III* 112.00 59.00 86.0 93.0 95.0 19.15 IV* 114.00 53.00 78.0 98.0 115.0 19.30 Annual Dec Proj. 117 55 89 90 104 19.40 Jan Proj. 117.5 54.5 86.5 92.5 95.5 19.25 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. January 2020 WASDE - 596 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2018 649 26,938 2,998 30,585 3,161 662 26,762 57.2 2019 Est. Dec 662 27,202 3,046 30,910 3,074 625 27,211 57.8 Jan 662 27,217 3,061 30,940 3,024 640 27,276 58.0 2020 Proj. Dec 625 27,581 2,880 31,086 3,305 625 27,156 57.4 Jan 640 27,506 2,880 31,026 3,305 640 27,081 57.2 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2018 554 26,330 1,042 27,926 5,876 559 21,491 50.9 2019 Est. Dec 559 27,708 958 29,225 6,296 550 22,378 52.7 Jan 559 27,653 958 29,170 6,296 550 22,323 52.6 2020 Proj. Dec 550 28,694 915 30,159 7,100 580 22,479 52.6 Jan 550 28,659 885 30,094 7,100 580 22,414 52.5 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2018 1,246 53,507 4,313 59,066 9,043 1,266 48,757 109.5 2019 Est. Dec 1,266 55,142 4,260 60,667 9,376 1,218 50,074 111.8 Jan 1,266 55,101 4,282 60,648 9,325 1,237 50,087 111.8 2020 Proj. Dec 1,218 56,513 4,036 61,766 10,412 1,245 50,110 111.3 Jan 1,237 56,399 4,010 61,645 10,412 1,268 49,966 110.9 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2018 856 42,145 139 43,140 7,069 845 35,227 92.4 2019 Est. Dec 845 43,370 132 44,347 7,040 910 36,397 94.9 Jan 845 43,370 129 44,344 7,105 940 36,299 94.7 2020 Proj. Dec 910 44,766 134 45,810 7,425 910 37,475 97.1 Jan 940 44,914 134 45,988 7,425 945 37,618 97.5 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2018 310 5,878 19 6,206 611 303 5,293 16.2 2019 Est. Dec 303 5,889 13 6,205 639 260 5,306 16.1 Jan 303 5,849 12 6,164 646 245 5,273 16.0 2020 Proj. Dec 260 5,925 12 6,197 680 285 5,232 15.8 Jan 245 5,910 12 6,167 680 260 5,227 15.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2018 1,170 48,562 160 49,892 7,764 1,153 40,975 110.0 2019 Est. Dec 1,153 49,776 148 51,077 7,762 1,176 42,139 112.3 Jan 1,153 49,733 144 51,030 7,831 1,190 42,009 112.0 2020 Proj. Dec 1,176 51,236 149 52,561 8,185 1,203 43,173 114.3 Jan 1,190 51,359 149 52,698 8,185 1,211 43,302 114.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2018 2,416 102,069 4,473 108,958 16,807 2,419 89,732 219.5 2019 Est. Dec 2,419 104,918 4,408 111,745 17,139 2,394 92,213 224.2 Jan 2,419 104,834 4,426 111,679 17,157 2,427 92,096 223.8 2020 Proj. Dec 2,394 107,749 4,185 114,328 18,597 2,448 93,283 225.6 Jan 2,427 107,758 4,159 114,343 18,597 2,479 93,268 225.6 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready -to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. January 2020 WASDE - 596 - 33 U.S. Egg Supply and Use Commodity 2017 2018 2019 Proj. 2019 Est. 2020 Proj. 2020 Proj. Dec Jan Dec Jan Eggs Million Dozen Supply Beginning Stocks 142.2 87.5 78.8 78.8 104.0 104.0 Production 8,942.7 9,114.6 9,363.6 9,379.6 9,500.0 9,515.0 Imports 34.2 17.8 15.0 15.0 16.0 16.0 Total Supply 9,119.1 9,220.0 9,457.4 9,473.4 9,620.0 9,635.0 Use Exports 354.9 333.1 326.7 331.7 310.0 310.0 Hatching Use 1,035.2 1,057.5 1,079.9 1,079.9 1,110.0 1,110.0 Ending Stocks 87.5 78.8 104.0 104.0 115.0 115.0 Disappearance Total 7,641.5 7,750.6 7,946.9 7,957.9 8,085.0 8,100.0 Per Capita (number) 281.8 284.0 289.5 289.9 292.8 293.3 Total U.S. Milk Supply and Use Commodity 2017 2018 2019 Proj. 2019 Est. 2020 Proj. 2020 Proj. Dec Jan Dec Jan Milk Billion Pounds Production 215.5 217.6 218.6 218.3 222.4 222.0 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 12.7 13.4 13.8 13.8 13.8 13.7 Marketings 214.5 216.6 217.6 217.3 221.4 221.0 Imports 6.0 6.3 7.1 7.1 6.4 6.3 Total Cml. Supply 233.2 236.3 238.5 238.1 241.6 241.0 Fat Basis Use Commercial Exports 9.2 10.4 9.0 9.1 9.3 9.4 Ending Commercial Stocks 13.4 13.8 13.8 13.7 13.3 13.4 CCC Donations 0.0 0.0 0.2 0.2 0.3 0.3 Domestic Commercial Use 210.6 212.1 215.5 215.0 218.7 218.0 Skim -solid Basis Supply Beg. Commercial Stocks 9.5 11.8 10.7 10.7 10.6 10.3 Marketings 214.5 216.6 217.6 217.3 221.4 221.0 Imports 6.1 5.5 5.8 5.8 5.5 5.5 Total Cml. Supply 230.1 233.8 234.1 233.7 237.5 236.8 Skim -solid Basis Use Commercial Exports 40.8 44.7 40.8 41.2 43.1 43.4 Ending Commercial Stocks 11.8 10.7 10.6 10.3 10.8 10.4 CCC Donations 0.0 0.0 0.2 0.2 0.1 0.1 Domestic Commercial Use 177.5 178.5 182.4 182.0 183.5 182.9 Total Note: Totals may not add due to rounding. January 2020 WASDE - 596 - 34 U.S. Dairy Prices Commodity 2017 2018 2019 Proj. 2019 Est. 2020 Proj. 2020 Proj. Dec Jan Dec Jan Product Prices 1/ Dollars Per Pound Cheese 1.6344 1.5377 1.760 1.759 1.865 1.835 Butter 2.3303 2.2572 2.240 2.243 2.020 1.960 Nonfat Dry Milk 0.8666 0.7945 1.040 1.042 1.230 1.255 Dry Whey 0.4437 0.3422 0.380 0.380 0.345 0.340 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 16.17 14.61 16.95 16.96 17.65 17.35 Class IV 15.16 14.23 16.30 16.30 16.95 16.90 All Milk 3/ 17.65 16.27 18.60 18.60 19.40 19.25 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated pla nts for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . January 2020 WASDE - 596 - 35 Reliability of January Projections 1/ Note: Tables on pages 35 -37 present a record of the January projection and the final Estimate. Using world wheat production as an example, the "root m ean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0.7 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 1.1 percent. The average differen ce between the January projection and the final estimate is 3 million tons, ranging from 0 million to 8.3 million tons. The January projection has been below the estimate 27 times and above 9 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 0.7 1.2 3.1 0.0 8.3 28 9 U.S. 0.1 0.3 0.1 0.0 0.3 15 11 Foreign 0.8 1.3 3.1 0.1 8.3 27 10 Exports World 5.2 8.9 5.2 0.1 18.4 29 8 U.S. 5.2 8.8 1.4 0.1 3.9 20 17 Foreign 6.3 10.7 5.0 0.3 18.0 31 6 Domestic Use World 1.2 2.0 5.2 0.1 14.7 22 15 U.S. 4.7 7.9 1.1 0.0 3.0 11 25 Foreign 1.2 2.0 5.2 0.6 14.8 24 13 Ending Stocks World 4.9 8.4 6.0 0.2 18.1 26 11 U.S. 8.9 15.2 1.5 0.0 4.6 22 14 Foreign 5.3 9.1 5.2 0.1 16.9 26 11 COARSE GRAINS 2/ Production World 1.4 2.3 11.7 0.0 37.7 27 10 U.S. 0.4 0.7 0.3 0.0 4.6 17 7 Foreign 1.9 3.3 11.6 0.0 37.6 26 11 Exports World 6.6 11.1 6.4 0.2 31.9 27 10 U.S. 12.0 20.4 4.7 0.2 13.3 18 19 Foreign 11.2 19.0 6.3 0.4 26.8 25 12 Domestic Use World 1.2 2.0 8.7 0.0 36.2 20 17 U.S. 3.0 5.1 3.9 0.1 18.8 16 21 Foreign 1.4 2.4 8.5 0.1 36.2 26 11 Ending Stocks World 11.2 19.0 15.1 0.6 136.0 31 6 U.S. 15.3 26.0 5.7 0.0 24.3 19 17 Foreign 14.3 24.3 13.4 0.1 143.4 30 7 RICE, milled Production World 1.7 2.8 4.9 0.0 13.9 31 5 U.S. 1.7 2.8 0.1 0.0 0.3 13 7 Foreign 1.7 2.8 4.9 0.1 13.9 32 5 Exports World 9.1 15.4 1.7 0.0 6.6 28 9 U.S. 7.6 12.9 0.2 0.0 0.6 19 16 Foreign 10.1 17.2 1.6 0.0 6.2 27 10 Domestic Use World 1.4 2.3 3.5 0.0 13.9 26 11 U.S. 7.8 13.2 0.2 0.0 0.5 16 21 Foreign 1.4 2.3 3.4 0.0 13.6 27 10 Ending Stocks World 9.6 16.3 5.2 0.5 26.6 31 6 U.S. 20.7 35.1 0.2 0.0 0.6 20 15 Foreign 9.8 16.6 5.2 0.2 26.5 31 6 1/ Footnotes at end of table. CONTINUED January 2020 WASDE - 596 - 36 Reliability of January Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 3.4 5.8 5.1 0.0 22.4 21 16 U.S. 1.4 2.4 0.6 0.0 2.5 16 16 Foreign 5.8 9.9 5.2 0.2 22.6 21 16 Exports World 6.8 11.5 3.0 0.1 12.2 24 13 U.S. 8.1 13.8 1.9 0.1 6.7 22 15 Foreign 17.4 29.6 2.7 0.0 11.8 18 19 Domestic Use World 2.6 4.5 3.6 0.1 13.0 20 17 U.S. 3.3 5.6 1.2 0.0 3.6 24 13 Foreign 3.2 5.5 3.3 0.2 12.7 21 16 Ending Stocks World 14.7 24.9 4.1 0.1 18.7 21 16 U.S. 42.5 72.1 1.9 0.1 6.6 8 29 Foreign 16.8 28.5 3.8 0.1 17.2 25 12 COTTON Million 480 -Pound Bales Production World 2.6 4.4 2.0 0.0 5.4 24 12 U.S. 1.0 1.7 0.1 0.0 0.3 14 22 Foreign 3.1 5.3 2.0 0.0 5.7 26 10 Exports World 6.4 10.9 1.7 0.1 8.8 21 16 U.S. 11.2 19.1 0.8 0.0 2.7 24 13 Foreign 8.0 13.6 1.3 0.0 8.1 22 15 Domestic Use World 2.6 4.4 2.0 0.3 6.8 20 17 U.S. 5.5 9.4 0.3 0.0 0.9 20 16 Foreign 2.7 4.5 2.0 0.4 6.5 21 16 Ending Stocks World 10.0 17.0 3.8 0.1 11.3 23 14 U.S. 25.0 42.4 0.9 0.2 2.4 10 27 Foreign 10.7 18.2 3.6 0.2 11.6 25 12 1/ Marketing years 1981/82 through 2017/18 for grains, soybeans and cotton. There was no WASDE published in January 2019, due to a partial government shutdown, so no 2018/19 forecasts were published for that month. Final for grains, soybeans and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2017/18. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. January 2020 WASDE - 596 - 37 Reliability of United States January Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 0.4 0.7 10 0 148 4 2 Exports 12.6 21.4 171 9 513 17 20 Domestic Use 3.0 5.1 142 6 574 17 20 Ending Stocks 17.1 29.1 226 1 986 20 17 SORGHUM Production 1.0 1.8 2 0 53 1 3 Exports 16.2 27.6 28 0 97 24 11 Domestic Use 18.1 30.6 35 1 148 18 19 Ending Stocks 45.1 76.5 24 1 98 13 24 BARLEY Production 0.7 1.3 1 0 11 16 4 Exports 23.0 39.1 7 0 37 12 22 Domestic Use 7.2 12.2 15 0 70 13 21 Ending Stocks 12.8 21.8 11 1 52 24 13 OATS Production 0.3 0.6 0 0 2 4 4 Exports 66.1 112.1 1 0 7 8 10 Domestic Use 5.2 8.8 11 1 39 17 20 Ending Stocks 17.8 30.3 12 1 47 22 15 SOYBEAN MEAL Thousand Short Tons Production 3.3 5.6 930 15 3,117 24 13 Exports 10.4 17.6 671 1 2,626 27 10 Domestic Use 2.8 4.8 638 34 2,066 19 18 Ending Stocks 35.0 59.4 67 0 253 15 20 SOYBEAN OIL Million Pounds Production 3.2 5.5 432 7 1,418 26 11 Exports 23.6 40.0 296 0 1,325 21 14 Domestic Use 3.5 5.9 424 25 1,628 24 13 Ending Stocks 20.5 34.9 294 25 1,206 24 13 ANIMAL PROD. Million Pounds Beef 3.5 5.9 722 9 2,111 24 12 Pork 3.1 5.3 407 5 1,717 19 17 Broilers 1.7 2.9 377 24 1,011 23 13 Turkeys 2.9 4.9 122 2 407 18 18 Million Dozen Eggs 1.9 3.2 104 4 525 23 13 Billion Pounds Milk 1.5 2.5 1.7 0.0 5.7 17 13 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2017/18 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate followin g the marketing year for 1981/82 through 2017/18. Calendar years 1982 through 2017 for meats, eggs and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982- 2017. There was no WASDE published in Jan uary 2019, due to a partial government shutdown, so no 2018/19 forecasts were published in that month for grains, soybeans, and cotton, and no 2018 forecasts were published in that month for animal products. WASDE -596-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Resea rch Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the For eign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 The 2020 Agricultural Outlook Forum “Program at a Glance” Join us February 20- 21, 2020 Crystal Gateway Marriott Hotel Arlington, Virginia Register today For More Information , please contact the Forum Coordinator Mirvat Sewadeh at 202 -720-5447 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ To subscribe to receive WASDE -related notifications by email or text message visit https://public.govdelivery.com/accounts/USDAOC/subscriber/new?topic_id=USDAOC_223 . Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at 202 -720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE -596 – January 10, 2020 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and empl oyer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554-9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 585 Approved by the Worl d Agricultural Outlook Board February 8, 2019 NOTE: Due to the lapse in Federal funding, the World Agricultural Su pply and Demand Estimates report for January 2019 will not be published. WHEAT: Projected 2018/19 wheat ending stocks are raised 36 million b ushels on reduced feed and residual use and lower seed use. Feed and residual use is lowered 30 million bushels on larger than expected second-quar ter stocks reported in today’s NASS Grain Stocks report. Seed use is down 6 million bushels reflecting 2019/20 winter wheat p lanted area released today in the NASS Winter Wheat and Canola Seedings report. Winter wheat planted area is lower than expected on excessive precipitation and cool temperatures durin g the planting window. Ending stocks are now projected at 1,010 million bushels. The season- average farm price is unchanged based on NASS prices reported to date and price expectations fo r the remainder of the marketing year. World production for the 2018/19 market year is raised 1.3 mill ion tons, led by a 1.6-million-ton increase for Russia, a 0.6-milli on-ton increase for Brazil, and a 0.5-million-ton increase for Paraguay. These changes are partly offset by a 1.1 million ton decrease for China and a 0.3- million-ton decrease for Argentina. All these production chang es reflect updated government statistics and harvest results. Global exports are raised 1.3 million tons led by a 0.7-million-ton increase for Pakistan on report s of new export subsidies. Russian exports are raised 0.5 million tons and Paraguay is raised 0.4 million tons, both on larger ex portable supplies. In contrast, Australia’s exports are lowered 0.5 million tons on a slow pace to date, and Argentina exports are down 0.2 million tons reflecting the smaller crop. G lobal use for 2018/19 is raised 2.0 million tons, primarily on a 2.0-million-ton increase in China feed and residual use. W ith global use rising more than supplies, world ending stocks are lowered 0.6 million tons to 267.5 million. COARSE GRAINS: This month’s 2018/19 U.S. corn outlook is for lower imports, production, food, seed, and industrial use (FSI), feed and residual use, an d stocks. Corn production is estimated at 14.420 billion bushels, down 206 million on reduction in yield to 176.4 bushels per acre. Harvested area is down fractionally. Total corn use is down 165 million bushels to 14.865 billion. F SI use is lowered 40 million bushels, reflecting reductions to corn used for ethanol and oth er industrial use. For ethanol, the reduction is based on the most recent data from the Grain Crushings and Co-Products Production report and weekly ethanol production data as reported by the En ergy Information Administration for the months of December and January. Other FS I use is lowered 15 million bushels with lower projections for high fructose corn syrup and glucose and dextrose. Feed and residual use is lowered 125 million bushels to 5.375 billion ba sed on a smaller crop and indicated disappearance during September-November as reflected by the Dec ember 1 stocks. With supply falling more than use, corn stoc ks are lowered 46 million bushe ls. The season-average corn price received by producers is unchanged at a midpoint of $3.60 per bushel. WASDE-585-2 Sorghum production for 2018/19 is estimated slightly higher at 365 million bushels, as an increase in yield to 72.1 bushels per acre more than offsets a decline in harve sted area. Grain sorghum prices are forecast at $3.35 per bushel, down 5 cents a t the midpoint. Global coarse grain production for 2018/19 is forecast 1.5 mill ion tons lower to 1,372.1 million. This month’s foreign coarse grain outlook is for increased prod uction and consumption, and marginally lower trade. Foreign corn production is forecast hig her with increases for Argentina, China, and Ukraine more than offsetting reductions for South Af rica and Mexico. Argentina’s corn production is up based on higher expected area and yield, with abundant rainfall and benign temperatures over the past two months boosting yield prospects. China and Ukraine are higher based on the latest official sta tistics. South Africa is lowered as heat and dryness during the month of January, particularly in the western producing areas, reduces yield prospects. Major global trade changes for 2018/19 include increased corn e xports for Argentina and Ukraine, partially offset by reductions for South Africa and Me xico. For 2017/18, Argentina’s exports are reduced with a partia lly offsetting increase for Br azil based on observed shipments to date for the local marketing year s that both started in March 2 018. Imports are raised for South Africa for the marketing years that both started in May 2018. For 2018/19, imports are raised for Chile but lowered for Venezuela. China’s barley imports are red uced, while barley exports are lowered for Australia. Foreign corn ending stocks are higher, m ostly reflecting increases for Argentina and China. Global corn stocks, at 309.8 million, are up 1.0 million. RICE: This month’s outlook for 2018/19 U.S. rice is for larger supp lies, higher use, and increased ending stocks. 2018/19 all rice production is 224.2 million cwt, up nearly 6 million cwt from the previous estimate and up 26 percent from last year wit h long-grain accounting for most of the increase. The all rice average yield is estimated at 7, 692 pounds per acre, up 170 pounds from the prior estimate and the second highest on record. Long -grain production is raised to 164.0 million cwt and medium- and short-grain production is rai sed to 60.3 million. All rice domestic and residual usage is increased by 2.0 million cwt to 135.0 million o n higher-than- expected usage for August-Nove mber as implied by the NASS Rice Stocks report. Projected U.S. all rice export s are increased by 1.0 million cwt to 100.0 million, with the increase for long- grain on reduced competition expected from Brazil with a smalle r crop. Projected 2018/19 all rice ending stocks ar e increased 2.9 million cwt to 47.1, up 60 percent from last year. The projected 2018/19 all rice season-average farm price range is u nchanged at $11.60 to $12.60 per cwt. Global 2018/19 rice supplies ar e increased by 5. 1 million tons to 657.9 million, mostly on higher production for China. Based on National Bureau of Statistics d ata, China’s 2018/19 rice production is raised nearly 5 million tons to 148.5 million and is virtually unchanged from last year. World 2018/19 consumption is increased 0.7 million tons to 490.3 million on higher expected use in China, Nepal, and the Philippines more than off setting reduced use in Brazil and Nigeria. Global 2018/19 trade is lowered marginally to 47.7 mi ll ion tons as reduced exports by Cambodia, Thailand, and Burma are not completely offset by high er Chinese exports. Because of greater supplies and competitive export prices, China’s expo rts are raised to the highest level since 2002/03. Nevertheless, China remains the largest global rice importer at 4.5 million tons. World ending stocks are projected to increase to a record-large 167.6 million tons, led by China, which accounts for 69 percent of global stocks. OILSEEDS: U.S. oilseed production for 2018/19 is estimated at 134.0 mil lion tons, down 1.5 million from the previous report. Smaller soybean, canola, pea nut, and cottonseed crops are partly offset by an increase for sunflowerseed. Soybean produc tion is estimated at 4,544 million bushels, down 56 million. Harvested area is est imated at 88.1 million acres, down fractionally WASDE-585-3 from the previous report. Yield is estimated at 51.6 bushels p er acre, down 0.5 bushels, led by reductions for North Dakota, Sou th Dakota, and Nebraska. The s oybean crush forecast is raised 10 million bushels to 2,090 million. Soybean meal production i s unchanged as the higher crush is offset by a lower extraction rate. Lower supplies and incre ased crush are partly offset with a 25-million-bushel reduc tion in exports. Ending stocks are proj ected at 910 million bushels, down 45 million from the previous forecast. The 2018/19 U.S. season-average farm price forecast for soybean s is projected at $8.10 to $9.10 per bushel, unchanged at the midpoint. The soybean meal price is forecast at $295 to $335 per short ton, up $5.00 at the midpoint. The soybean oil p rice forecast of 28.5 to 31.5 cents per pound is unchanged at the midpoint. The 2018/19 global soybean outlook includes lower production, e xports, crush, and stocks. Global soybean p roduction is lowered 8.2 million tons to 361.0 million with lower crops for Brazil, Argentina, Paraguay, Uruguay, an d South Africa. Production for Brazil is lowered 5 million tons to 117 million due to dryness in parts of the South and Center- West regions. Production for Argentina is lowered 0.5 million tons to 55 milli on due to a re duction in harvested area that is partly offset by increased yields. Global soybean exports are reduced 1.7 million tons to 154.4 million. Lower exports for Brazil, Uruguay, and Paraguay are p artly offset by higher exports for Argentina. Global imports are also reduced mainly on a 2-milli on-ton reduction for China due to lower crush demand. Global 2018/19 soybean marketing-year ending stocks are lowered 8.6 million tons this month to 106.7 million, which i s an 8.6-million-ton increase over the 20 17/18 estimate. In addition to crop- related changes, this month’s lower global ending stocks foreca st reflects historical balance sheet revisions for Argentina (back to 2009/10) and Brazil (bac k to 1999/00). The revisions were motivated by supply and demand conditions indicating that begin ning stock levels for the 2017/18 local year should be higher in Brazil and lower in Argentina th an previously estimated. Additionally, these revi sions are more in lin e with historical stocks revisions made in late 2018 by Argentina’s Ministry of Agriculture and Brazil’s Association of Vegetable Oil Industries (ABIOVE). With Argentina’s 2018 crop falling 30 percent below initial pro jections due to the drought, soybean stocks are assumed to be lower than prior estimates. T he post-drought stocks-to-use ratio had been projected at 38 percent for the 2017/18 local ye ar (April 2018-March 2019). The USDA’s estimates are guided by Argentina’s offi cial crush, trad e, and production data. Projected stocks are reduced with upward revisions to residuals, which ta ke into account supplies needed for reported use, statistical errors, and possible unreported d emand during the past decade. While stocks are reduced for Ar gentina, Brazil’s stocks are rev ised higher starting in 1999/00. Record exports during October 201 8-January 2019, the end of Bra zil’s 2017/18 local year (February 2018-January 2019), motivated the revisions. Record late-season exports made it apparent that, in addition to a record crop, beginning stocks w e re higher than previously estimated. Brazil’s ending stocks were revised over several ye ars to increase supplies in order to meet reported use through 2017/18. For more information, re ad the USDA Foreign Agricultural Service’s Oilseeds: World Markets and Trade and the Economic Research Service’s Oil Crops Outlook February reports. SUGAR: U.S. beet sugar production for 2018/19 is unchanged at 4.900 million short tons, raw value (STRV) as an increase in projected sucrose recovery from sliced sugarbeets is offset by less sugarbeet production estimat ed by NASS. Cane sugar production for 2018/19 in Louisiana is increased to 1.875 million STRV bas ed on a reporting of cane processor manufacturing results completed in January. Cane sugar production for Florida is inc reased to 2.091 million STRV WASDE-585-4 based on higher sugarcane production forecast by NASS and a pro cessor recovery forecast of 12.48 percent. Beginning stocks fo r 2018/19 are increased 59,7 00 STRV based on cane processors’ and refiners’ revisions in the Sweetener Market Data . Tariff-rate quota imports are reduced by 4,002 STRV. Lower-t han-expected entries of FTA sugar under calendar-year 2018 TRQs more than offset additional 2017/18 WTO TRQ sugar entered under USDA waivers in October 2018. In sum, projected e nding stocks are increased by 131,698 STRV to 1.795 million for a stocks-to-use ratio of 14.59 percent. There are no chang es to the Mexico 2018/19 supply and use balance. LIVESTOCK, POULTRY, AND DAIRY: Total red meat and poultry production for 2018 is lowered from December as beef and broile r production more than offsets slightly higher pork production. Beef production is reduced on lower cattle slaughter and lighte r carcass weights through late December. Pork production is rais ed as heavier carcass weights through late December more than offset lower-than-expected fourth-quarter hog slaughter. Broiler production is lowered while turkey production is unchanged. Egg production is increased sl ightly for 2018. For 2019, the total red meat and poultry production forecast is lowered from December on lower expected beef, pork, and broiler production. The 2019 beef pro duction forecast is reduced on lower projected slaughter as smaller anticipated placements in late 2018 and early 2019 are expected to result in lower fed cattle marketings and slaughter in the first half of the year. The pork production forecast for 2019 is lowered from December on l ower expected hog slaughter and slightly lighter carcass weights in the first half of the y ear. USDA’s Quarterly Hogs and Pigs report estimated the September-N ovember pig crop was 2 percent above 2017 and the report also indicated producers expect t o expand farrowings about 2 pe rcent in the first half of 2019. Forecast broiler production is lowered for 2019 on slower expec ted production growth in the second half of the year. The tu rkey production forecast is rai sed slightly. For 2018 and 2019, beef import and export forecasts are lowered from December on trade data to date. Pork export forecasts for 2018 and 2019 are reduced o n the lowered forecast of production and slower expected pork shipments to key trading pa rtners. The 2018 and 2019 broiler and turkey export forecast s are raised on recent trade data and expectations of firm export demand carrying into next year. Livestock, poultry and egg prices for 2018 are adjusted to refl ect December price data. Fed- cattle prices for the first quart er of 2019 are raised on curre nt prices. Hog prices are unchanged from December. For 2019, first-half broiler, turkey, and egg p rice forecasts are raised on prices to date. Milk production for 2018 is lowered on available data through December. The milk production forecast for 2019 is reduced on lower expected first-half dairy cow numbers and continued slow growth in milk per cow. The 2018 and 2019 fat basis import for ecasts are reduced from December on recent trade data and lower expected cheese and but terfat imports. The fat basis exports are unchanged for 2018 but the forecast is raised for 2 019 primarily on strong expected demand for butter and butterfat p roducts. On a skim-solids bas is, the 2018 imports are raised on current trade dat a while the 2019 import f orecast is unchanged. Skim-solids basis exports for 2018 are lowered, but the 2019 export forecast is raised from D ecember on anticipated strong demand for nonfat dry milk (NDM). Dairy product prices for 2018 are ad justed to reflect available December price data. For 2019, the cheese price forecast is lo wered while butter, NDM, and whe y price forecasts are raised from December. The Class III price for 2019 is unchanged from Decem ber while the Class IV price is WASDE-585-5 raised on higher butter and NDM prices. The 2019 all milk pric e forecast is raised to $16.90 to $17.60 per cwt. COTTON: This month’s 2018/19 U.S. cotton forecasts include slightly l ower production, mill use, and ending stocks. Production is reduced 200,000 bales due to small declines outside the Southeast. Ending stoc ks and mill use are re duced 100,000 bale s each, while exports are unchanged. The forecast for the marketing-year average price r eceived by producers is reduced 2 cents per pound, to a midpoint of 72 cents. The world 2018/19 cotton supply and demand estimates include lo wer production and mill use but higher trade and stocks. Production is reduced nearly 300, 000 bales, as smaller crops in Turkey, India, Burkina Faso and the United States offset increa ses in China, Brazi l, Pakistan, and Australia. World trade is increased 600,000 bales as higher im ports by China, Turkey, and Pakistan more than offset declines in Vietnam and Bangladesh. E xports rose for Brazil, Benin, and India, but fell for Turkey and Burkina Faso. Lower 2017/18 India mill use is largely responsible for a 600,000-bale increase in world 2018/19 beginn ing stocks. Projected 2018/19 consumption in India is reduced 500,000 bales since December, a nd is reduced 1 million bales for China. Global use is reduced 2 m illion bales, with smaller declines in Vietnam, Turkey, and the United States. World 2018/19 ending stocks are now 2.3 mil lion bales above their previous estimate, with a 2.0-million -bale increase for China. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Seth D. Meyer, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: STEPHEN CENSKY SECRETARY OF AGRI CULTURE DESIGNATE WASDE-585-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers, ICEC Chair, WAOB, E-mail : [email protected] Jennifer Bond, ERS; Andrew Sow ell, FAS; Pete Riley, FPAC. Rice: William Chambers, ICEC Chair, WAOB, E-mail : wchambers @oce.usda.gov Nathan Childs, ERS; Rachel Tre go, FAS; Sherrie Grimm, FPAC. Feed Grains: Michael Jewison, I CEC Chair, WAOB, E-mail: [email protected] Tom Capehart, ERS; Yoonhee Macke, FAS; Milton Madison, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail : kmenzie@o ce.usda.gov Mark Ash, ERS; Bill George, FAS; Susan Proper, FPAC. Cotton: Stephen MacDonald, IC EC Chair, WAOB, E-mail : smacdonald@oc e.usda.gov Leslie Meyer, ERS; James Johnson, FAS; Erik Dohlman, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, E-mail : [email protected] Michael McConnell, ERS; Ron Lor d, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Sherry Wise, AMS; Mildred Haley, E RS; Lindsay Kuberka, FAS; Rya n Pfirrmann-Powell, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Sherry Wise, AMS; Kim Ha, ERS; Claire Mezoughem , FAS; Milton Ma dison, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Mil ton Madison, FPAC. In 2019, the WASDE report will be released on Mar 8, Apr 9, May 10, Jun 11, July 11, Aug 12, Sep 12, Oct 10, Nov 8, and Dec 10. WASDE-585-7 T A B L E OF C O N T E N T S Page Highlights .................................................... ........................................................... 1 Interagency Commodity Estimates Committees .................... ................................. 6 World & U.S. Supply & Use for Grains .......................... ......................................... 8 World & U.S. Supply & Use for Cotton .......................... ......................................... 9 World & U.S. Supply & Use for Oilseeds ........................ ...................................... 10 U.S. Wheat Supply & Use ....................................... ............................................. 11 U.S. Wheat Supply & Use by Class .............................. ....................................... 11 U.S. Feed Grain & Corn Supply & Use ........................... ..................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ...................... .................................. 13 U.S. Rice Supply & Use ........................................ ............................................... 14 U.S. Soybeans & Products Supply & Use ......................... ................................... 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ................................... .......................................... 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use .................................................................................. 18 World Coarse Grains Supply & Use .............................. ....................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use ..................................................................................... 24 World Cotton Supply & Use ..................................... ............................................ 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ............................... ...................................... 29 World Soybean Oil Supply & Use................................. ........................................ 30 U.S. Quarterly Animal Product Production ...................... ..................................... 31 U.S. Quarterly Prices for Animal Products ..................... ...................................... 31 U.S. Meats Supply and Use ..................................... ............................................ 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use ...................................... .............................................. 33 U.S. Dairy Prices ............................................. .................................................... 34 Reliability Tables ............................................ ..................................................... 35 Related USDA Reports .......................................... .............................................. 38 Metric Conversion Factors ..................................... .............................................. 38 Electronic Access and Subscriptions ........................... ............................................ 40 February 2019 WASDE - 585 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Outpu tTotal SupplyTrade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2016/17 2661.15 3397.57 429.21 2602.38 795.19 2017/18 (Est.) 2615.08 3410.28 411.93 2598.18 812.10 filler filler filler filler filler 2018/19 (Proj.) Dec 2598.17 3409.08 426.74 2642.50 766.58 2018/19 (Proj.) Feb 2602.75 3414.85 427.40 2642.68 772.17 filler filler filler filler filler Wheat 2016/17 756.51 1000.89 183.35 739.85 261.05 2017/18 (Est.) 763.18 1024.22 181.23 744.20 280.02 filler filler filler filler filler 2018/19 (Proj.) Dec 733.41 1013.35 177.36 745.25 268.10 2018/19 (Proj.) Feb 734.75 1014.77 178.67 747.23 267.53 filler filler filler filler filler Coarse Grains 5/ 2016/17 1413.71 1763.18 198.61 1378.71 384.47 2017/18 (Est.) 1356.84 1741.31 183.04 1371.25 370.06 filler filler filler filler filler 2018/19 (Proj.) Dec 1373.61 1742.92 201.28 1407.69 335.23 2018/19 (Proj.) Feb 1372.14 1742.19 201.01 1405.18 337.01 filler filler filler filler filler Rice, milled 2016/17 490.94 633.50 47.25 483.82 149.68 2017/18 (Est.) 495.07 644.75 47.66 482.73 162.02 filler filler filler filler filler 2018/19 (Proj.) Dec 491.14 652.81 48.11 489.56 163.25 2018/19 (Proj.) Feb 495.87 657.89 47.72 490.27 167.62 filler filler filler filler filler United States Outpu tTotal Supply Trade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2016/17 472.56 556.08 96.71 363.61 95.76 2017/18 (Est.) 437.43 541.26 94.58 357.92 88.76 filler filler filler filler filler 2018/19 (Proj.) Dec 443.33 540.06 95.28 368.30 76.48 2018/19 (Proj.) Feb 438.33 534.93 95.31 362.34 77.28 filler filler filler filler filler Wheat 2016/17 62.83 92.60 28.60 31.86 32.13 2017/18 (Est.) 47.38 83.80 24.52 29.36 29.91 filler filler filler filler filler 2018/19 (Proj.) Dec 51.29 85.00 27.22 31.27 26.52 2018/19 (Proj.) Feb 51.29 85.00 27.22 30.29 27.50 filler filler filler filler filler Coarse Grains 5/ 2016/17 402.61 454.15 64.46 327.52 62.17 2017/18 (Est.) 384.39 449.49 67.30 324.28 57.92 filler filler filler filler filler 2018/19 (Proj.) Dec 385.12 446.29 64.92 332.81 48.56 2018/19 (Proj.) Feb 379.92 440.97 64.92 327.77 48.28 filler filler filler filler filler Rice, milled 2016/17 7.12 9.34 3.65 4.23 1.46 2017/18 (Est.) 5.66 7.98 2.76 4.28 0.93 filler filler filler filler filler 2018/19 (Proj.) Dec 6.93 8.77 3.14 4.22 1.40 2018/19 (Proj.) Feb 7.12 8.96 3.18 4.29 1.50 filler filler filler filler filler 1/ Aggregate of local marketing y ears. 2/ Based on export estimate. See individual commod ity tables for treatment of export/import imbalan ces. 3/ Total use for the United States i s equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and mil led rice. 5/ Corn, sorghum, ba rley, oats, rye, millet, and m ixed grains (for U.S. excludes millet and mixed grains). February 2019 WASDE - 585 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Outpu tTotal Supply Trade 2 /Total UseEnding Stocks Total Grains 4/ 2016/17 2,188.60 2,841.49 332.50 2,238.76 699.43 2017/18 (Est.) 2,177.66 2,869.02 317.35 2,240.26 723.34 filler filler filler filler filler 2018/19 (Proj.) Dec 2,154.83 2,869.02 331.46 2,274.20 690.10 2018/19 (Proj.) Feb 2,164.42 2,879.92 332.09 2,280.34 694.89 filler filler filler filler filler Wheat 2016/17 693.68 908.30 154.74 707.98 228.92 2017/18 (Est.) 715.80 940.43 156.71 714.84 250.11 filler filler filler filler filler 2018/19 (Proj.) Dec 682.13 928.35 150.14 713.98 241.58 2018/19 (Proj.) Feb 683.46 929.76 151.45 716.94 240.04 filler filler filler filler filler Coarse Grains 5/ 2016/17 1,011.10 1,309.03 134.15 1,051.19 322.30 2017/18 (Est.) 972.45 1,291.81 115.75 1,046.98 312.14 filler filler filler filler filler 2018/19 (Proj.) Dec 988.50 1,296.63 136.36 1,074.88 286.67 2018/19 (Proj.) Feb 992.22 1,301.22 136.09 1,077.42 288.72 filler filler filler filler filler Rice, milled 2016/17 483.82 624.16 43.61 479.59 148.22 2017/18 (Est.) 489.41 636.78 44.89 478.45 161.09 filler filler filler filler filler 2018/19 (Proj.) Dec 484.21 644.05 44.96 485.34 161.85 2018/19 (Proj.) Feb 488.75 648.93 44.55 485.98 166.13 filler filler filler filler filler 1/ Aggregate of local marketing y ears. 2/ Based on export estimate. See individual commod ity tables for treatment of export/import imbalan ces. 3/ Total foreign is equal to world m inus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats , rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales Outpu tTotal Supply Trade 2 /Total Use 3 /Ending Stocks World 2016/17 106.66 197.00 37.91 116.18 80.40 2017/18 (Est.) 123.69 204.09 40.92 122.58 81.05 filler filler filler filler filler 2018/19 (Proj.) Dec 118.74 199.19 41.73 125.63 73.19 2018/19 (Proj.) Feb 118.45 199.51 42.32 123.64 75.50 filler filler filler filler filler United States 2016/17 17.17 20.98 14.92 3.25 2.75 2017/18 (Est.) 20.92 23.68 15.85 3.23 4.30 filler filler filler filler filler 2018/19 (Proj.) Dec 18.59 22.89 15.00 3.30 4.40 2018/19 (Proj.) Feb 18.39 22.70 15.00 3.20 4.30 filler filler filler filler filler Foreign 4/ 2016/17 89.49 176.02 22.99 112.93 77.65 2017/18 (Est.) 102.77 180.41 25.07 119.35 76.75 filler filler filler filler filler 2018/19 (Proj.) Dec 100.15 176.30 26.73 122.33 68.79 2018/19 (Proj.) Feb 100.06 176.81 27.32 120.44 71.20 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estim ate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See gl obal cotton tables for treatme nt of export/import imbalances. February 2019 WASDE - 585 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Outpu tTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2016/17 572.85 666.74 170.61 467.45 109.53 2017/18 (Est.) 575.74 685.27 176.55 483.22 114.08 filler filler filler filler filler 2018/19 (Proj.) Dec 600.47 717.57 180.00 498.05 129.23 2018/19 (Proj.) Feb 593.26 707.34 178.34 495.37 120.92 filler filler filler filler filler Oilmeals 2016/17 319.77 336.88 88.17 316.90 16.59 2017/18 (Est.) 330.54 347.12 88.58 327.79 15.60 filler filler filler filler filler 2018/19 (Proj.) Dec 341.36 356.99 90.39 337.98 15.44 2018/19 (Proj.) Feb 338.79 354.39 91.28 334.98 15.61 filler filler filler filler filler Vegetable Oils 2016/17 188.41 209.66 81.24 183.74 19.87 2017/18 (Est.) 198.01 217.88 79.52 191.98 20.89 filler filler filler filler filler 2018/19 (Proj.) Dec 203.84 224.80 84.22 197.33 21.42 2018/19 (Proj.) Feb 203.85 224.74 84.50 198.19 21.31 filler filler filler filler filler United States Outpu t Total Suppl y Trade Total Use 2 / Endin g Stock s Oilseeds 2016/17 126.94 135.31 60.08 56.26 9.60 2017/18 (Est.) 131.48 142.50 59.19 60.17 13.83 filler filler filler filler filler 2018/19 (Proj.) Dec 135.50 150.70 52.89 61.01 27.66 2018/19 (Proj.) Feb 134.00 149.07 52.21 61.27 26.49 filler filler filler filler filler Oilmeals 2016/17 43.11 47.31 10.83 36.08 0.41 2017/18 (Est.) 47.02 51.17 13.75 36.86 0.56 filler filler filler filler filler 2018/19 (Proj.) Dec 47.05 51.39 12.84 38.09 0.46 2018/19 (Proj.) Feb 47.06 51.41 12.84 38.11 0.46 filler filler filler filler filler Vegetable Oils 2016/17 11.43 17.37 1.42 14.72 1.23 2017/18 (Est.) 12.11 18.13 1.35 15.54 1.24 filler filler filler filler filler 2018/19 (Proj.) Dec 12.30 18.50 1.25 15.94 1.30 2018/19 (Proj.) Feb 12.48 18.68 1.28 16.02 1.38 filler filler filler filler filler Foreign 3/ OutputTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2016/17 445.91 531.43 110.53 411.19 99.93 2017/18 (Est.) 444.26 542.77 117.37 423.04 100.25 filler filler filler filler filler 2018/19 (Proj.) Dec 464.97 566.88 127.11 437.04 101.56 2018/19 (Proj.) Feb 459.25 558.26 126.13 434.10 94.43 filler filler filler filler filler Oilmeals 2016/17 276.66 289.57 77.35 280.83 16.18 2017/18 (Est.) 283.52 295.95 74.83 290.92 15.04 filler filler filler filler filler 2018/19 (Proj.) Dec 294.31 305.59 77.55 299.89 14.97 2018/19 (Proj.) Feb 291.73 302.98 78.44 296.87 15.15 filler filler filler filler filler Vegetable Oils 2016/17 176.97 192.29 79.83 169.02 18.63 2017/18 (Est.) 185.91 199.75 78.17 176.44 19.65 filler filler filler filler filler 2018/19 (Proj.) Dec 191.54 206.31 82.97 181.38 20.12 2018/19 (Proj.) Feb 191.37 206.06 83.22 182.17 19.92 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. February 2019 WASDE - 585 - 11 U.S. Wheat Supply and Use 1/ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Dec Feb Million Acres Area Planted 50.1 46.1 47.8 47.8 Area Harvested 43.8 37.6 39.6 39.6 Bushels Yield per Harvested Acre 52.7 46.4 47.6 47.6 Million Bushels Beginning Stocks 976 1,181 1,099 1,099 Production 2,309 1,741 1,884 1,884 Imports 118 157 140 140 Supply, Total 3,402 3,079 3,123 3,123 Food 949 964 970 970 Seed 61 63 69 63 Feed and Residual 160 51 110 80 Domestic, Total 1,171 1,079 1,149 1,113 Exports 1,051 901 1,000 1,000 Use, Total 2,222 1,980 2,149 2,113 Ending Stocks 1,181 1,099 974 1,010 Avg. Farm Price ($/bu) 2/ 3.89 4.72 5.05 - 5.25 5.05 - 5.25 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winte rHard Red SpringSoft Red Winte r White Durum Total Millio n Bushel s 2017/18 (Est.) Beginning Stocks 589 235 215 105 36 1,181 Production 750 384 293 259 55 1,741 Supply, Total 3/ 1,346 707 513 371 142 3,079 Domestic Use 394 288 217 91 90 1,079 Exports 371 228 91 193 18 901 Use, Total 765 516 308 284 107 1,980 Ending Stocks, Total 581 191 205 87 35 1,099 2018/19 (Proj.) Beginning Stocks 581 191 205 87 35 1,099 Production 662 587 286 272 77 1,884 Supply, Total 3/ 1,248 850 497 365 163 3,123 Domestic Use 437 288 204 96 88 1,113 Exports 320 300 130 220 30 1,000 Use, Total 757 588 334 316 118 2,113 Ending Stocks, Total Feb 491 262 163 49 45 1,010 Ending Stocks, Total Dec 468 255 157 49 45 974 Note: Totals may not add due to rounding. 1/ Marketing year b eginning June 1. 2/ Marketing-year weighted average price received by farmers. 3/ Includes imports. February 2019 WASDE - 585 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Dec Feb Million Acres Area Planted 106.6 100.9 100.2 100.1 Area Harvested 96.5 90.5 89.7 89.6 Metric Tons Yield per Harvested Acre 4.17 4.24 4.29 4.24 Million Metric Tons Beginning Stocks 48.1 62.1 57.9 57.9 Production 402.3 384.1 384.9 379.7 Imports 3.3 2.7 3.0 2.9 Supply, Total 453.6 449.0 445.8 440.5 Feed and Residual 144.6 138.5 145.2 141.2 Food, Seed & Industrial 182.4 185.3 187.2 186.1 Domestic, Total 327.0 323.8 332.3 327.3 Exports 64.5 67.3 64.9 64.9 Use, Total 391.5 391.1 397.3 392.2 Ending Stocks 62.1 57.9 48.5 48.3 CORN 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Decembe r February Million Acres Area Planted 94.0 90.2 89.1 89.1 Area Harvested 86.7 82.7 81.8 81.7 Bushels Yield per Harvested Acre 174.6 176.6 178.9 176.4 Million Bushels Beginning Stocks 1,737 2,293 2,140 2,140 Production 15,148 14,609 14,626 14,420 Imports 57 36 45 40 Supply, Total 16,942 16,939 16,811 16,600 Feed and Residual 5,470 5,304 5,500 5,375 Food, Seed & Industrial 2/ 6,885 7,056 7,080 7,040 Ethanol & by-products 3/ 5,432 5,605 5,600 5,575 Domestic, Total 12,355 12,360 12,580 12,415 Exports 2,294 2,438 2,450 2,450 Use, Total 14,649 14,799 15,030 14,865 Ending Stocks 2,293 2,140 1,781 1,735 Avg. Farm Price ($/bu) 4/ 3.36 3.36 3.25 - 3.95 3.35 - 3.85 Note: Totals may not add due to rounding. 1/ Marketing year b eginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the da ta on the Web through the Feed Grains Database at www.ers.usda.gov/data-products/feed-gra ins-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, c orn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average pri ce received by farmers. February 2019 WASDE - 585 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Dec Feb Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 6.7 5.6 5.8 5.7 Area Harvested (mil. acres) 6.2 5.0 5.1 5.1 Yield (bushels/acre) 77.9 71.7 71.4 72.1 Beginning Stocks 37 33 35 35 Production 480 362 364 365 Imports 2200 Supply, Total 519 397 399 400 Feed and Residual 133 97 150 125 Food, Seed & Industrial 115 60 110 110 Total Domestic 247 157 260 235 Exports 238 205 100 100 Use, Total 485 362 360 335 Ending Stocks 33 35 39 65 Avg. Farm Price ($/bu) 2/ 2.79 3.22 3.05 - 3.75 3.10 - 3.60 Filler Filler Filler Filler Filler BARLEY 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Decembe r February Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.1 2.5 2.5 2.5 Area Harvested (mil. acres) 2.6 2.0 2.0 2.0 Yield (bushels/acre) 77.9 73.0 77.4 77.4 Beginning Stocks 102 106 94 94 Production 200 143 153 153 Imports 10 91 01 0 Supply, Total 312 259 258 258 Feed and Residual 39 2 15 5 Food, Seed & Industrial 162 157 155 155 Total Domestic 201 159 170 160 Exports 4555 Use, Total 205 164 175 165 Ending Stocks 1069 48 39 3 Avg. Farm Price ($/bu) 2/ 4.96 4.47 4.10 - 5.00 4.35 - 4.85 Filler Filler Filler Filler Filler OATS 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Decembe r February Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.8 2.6 2.7 2.7 Area Harvested (mil. acres) 1.0 0.8 0.9 0.9 Yield (bushels/acre) 66.0 61.7 64.9 64.9 Beginning Stocks 57 50 41 41 Production 65 50 56 56 Imports 90 89 95 95 Supply, Total 212 189 192 192 Feed and Residual 82 68 75 75 Food, Seed & Industrial 76 78 79 79 Total Domestic 158 146 154 154 Exports 3222 Use, Total 161 148 156 156 Ending Stocks 50 41 36 36 Avg. Farm Price ($/bu) 2/ 2.06 2.59 2.40 - 2.90 2.50 - 2.80 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year b eginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing-year weighte d average price received by far mers. February 2019 WASDE - 585 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Dec Feb Million Acres Area Planted 3.15 2.46 2.94 2.95 Area Harvested 3.10 2.37 2.90 2.92 Filler Pounds Yield per Harvested Acre 7,237 7,507 7,522 7,692 Million Hundredweight Beginning Stocks 2/ 46.5 46.0 29.4 29.4 Production 224.1 178.2 218.3 224.2 Imports 23.5 26.9 28.5 28.5 Supply, Total 294.1 251.2 276.2 282.1 Domestic & Residual 3/ 133.2 134.8 133.0 135.0 Exports, Total 4/ 114.8 87.0 99.0 100.0 Rough 40.4 28.6 32.0 33.0 Milled (rough equiv.) 74.4 58.4 67.0 67.0 Use, Total 248.0 221.8 232.0 235.0 Ending Stocks 46.0 29.4 44.2 47.1 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 10.40 12.70 11.60 - 12.60 11.60 - 12.60 Total LONG-GRAIN RICE 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Decembe r February Harvested Acres (mil.) 2.40 1.75 2.17 2.18 Yield (pounds/acre) 6,927 7,314 7,295 7,517 Beginning Stocks 22.7 31.0 20.3 20.3 Production 166.5 127.9 158.6 164.0 Supply, Total 7/ 209.4 182.2 202.4 207.8 Domestic & Residual 3/ 101.8 98.6 103.0 105.0 Exports 8/ 76.6 63.3 67.0 68.0 Use, Total 178.4 161.9 170.0 173.0 Ending Stocks 31.0 20.3 32.4 34.8 Avg. Farm Price ($/cwt) 6/ 9.61 11.50 10.20 - 11.20 10.20 - 11.20 Filler Filler Filler Filler Filler MEDIUM & SHORT-GRAIN RICE 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Decembe r February Harvested Acres (mil.) 0.69 0.63 0.73 0.73 Yield (pounds/acre) 8,311 8,048 8,200 8,209 Beginning Stocks 20.9 11.5 7.6 7.6 Production 57.7 50.4 59.7 60.3 Supply, Total 7/ 81.1 67.5 72.3 72.9 Domestic & Residual 3/ 31.4 36.2 30.0 30.0 Exports 8/ 38.2 23.7 32.0 32.0 Use, Total 69.6 59.9 62.0 62.0 Ending Stocks 11.5 7.6 10.3 10.9 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 13.10 16.20 16.00 - 17.00 16.00 - 17.00 California 10/ 14.10 18.70 17.80 - 18.80 17.80 - 18.80 Other States 1/ 10.10 11.70 11.70 - 12.70 11.70 - 12.70 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beg inning August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2 015/16-2.9; 2016/17-3.5; 2017/18-1.4. 3/ Residual includes unre ported use, processing losses, and estimating errors. Use by type may not add to total rice use be cause of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an eq uivalent rough basis. 5/ Expre ssed as a percent, i.e., the tota l quantity of whole kernel and broken rice produced divided by the quantity of rou gh rice milled. 6/ Marketing-year weighted average price received by farmers. 7/ Inclu des imports. 8/ Exports by type of rice are estimated. 9/ The medium/short-grain season-average- farm p rice (SAFP) largely reflects rice that is marketed through pric e pools in California. The pool price is not final until all the rice in the pool is marketed for the cr op year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.65 per cwt from 2008/09-2013/14, with a high of $3.50 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. February 2019 WASDE - 585 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1 / SOYBEANS 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Dec Feb Filler Filler Filler Filler Filler Million Acres Area Planted 83.5 90.2 89.1 89.2 Area Harvested 82.7 89.5 88.3 88.1 Filler Bushels Yield per Harvested Acre 51.9 49.3 52.1 51.6 Million Bushels Beginning Stocks 197 302 438 438 Production 4,296 4,412 4,600 4,544 Imports 22 22 25 20 Supply, Total 4,516 4,735 5,063 5,002 Crushings 1,901 2,055 2,080 2,090 Exports 2,166 2,129 1,900 1,875 Seed 105 104 96 96 Residual 42 93 23 1 Use, Total 4,214 4,297 4,107 4,092 Ending Stocks 302 438 955 910 Avg. Farm Price ($/bu) 2/ 9.47 9.33 7.85 - 9.35 8.10 - 9.10 Total SOYBEAN OIL 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Decembe r February Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,687 1,711 1,990 1,990 Production 4/ 22,123 23,767 24,025 24,455 Imports 319 335 300 300 Supply, Total 24,129 25,814 26,315 26,745 Domestic Disappearance 19,862 21,376 22,200 22,400 Biodiesel 3/ 6,200 7,134 7,800 8,000 Food, Feed & other Industrial 13,662 14,243 14,400 14,400 Exports 2,556 2,447 2,200 2,250 Use, Total 22,418 23,824 24,400 24,650 Ending stocks 1,711 1,990 1,915 2,095 Avg. Price (c/lb) 2/ 32.48 30.04 28.00 - 32.00 28.50 - 31.50 Total SOYBEAN MEAL 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Decembe r February Filler 1 2 3 4 Thousand Shor t Tons Beginning Stocks 264 401 553 553 Production 4/ 44,787 49,216 49,147 49,147 Imports 350 495 350 350 Supply, Total 45,400 50,112 50,050 50,050 Domestic Disappearance 33,420 34,733 35,850 35,850 Exports 11,580 14,826 13,750 13,750 Use, Total 45,000 49,559 49,600 49,600 Ending Stocks 401 553 450 450 Avg. Price ($/s.t.) 2/ 316.88 345.02 290.00 - 330.00 295.00 - 335.00 Total Note: Totals may not add due to rounding. Reliability calcula tions at end of report. 1/ Marke ting year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biod iesel made from methyl ester as reported by the U.S. Energy Information Ad ministration. 4/ Based on an October year crush of 2,079 milli on bushels for 2017/18 and 2,090 million bushels for 2018/19. February 2019 WASDE - 585 - 16 U.S. Sugar Supply and Use 1/ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Dec Feb Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 2,054 1,876 1,948 2,008 Production 2/ 8,969 9,293 8,941 9,017 Beet Sugar 5,103 5,279 4,900 4,900 Cane Sugar 3,866 4,014 4,041 4,117 Florida 2,055 1,983 2,050 2,091 Hawaii 43000 Louisiana 1,628 1,862 1,841 1,875 Texas 140 169 150 150 Imports 3,244 3,277 3,080 3,076 TRQ 3/ 1,611 1,663 1,564 1,560 Other Program 4/ 419 326 350 350 Other 5/ 1,213 1,287 1,165 1,165 Mexico 1,201 1,223 1,120 1,120 Total Supply 14,267 14,445 13,969 14,100 Exports 95 170 35 35 Deliveries 12,258 12,185 12,270 12,270 Food 6/ 12,102 12,048 12,125 12,125 Other 7/ 156 137 145 145 Miscellaneous 38 82 0 0 Total Use 12,391 12,438 12,305 12,305 Ending Stocks 1,876 2,008 1,664 1,795 Stocks to Use Ratio 15.1 16.1 13.5 14.6 Total 1/ Fiscal years beginning Oct 1. Data and projections correspon d to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2017/18 and 2018/19 are b ased on Crop Production and processor projections where appropriate. 3/ For 2017/18, WTO raw sugar TRQ shortfall (268) and for 2018/19 (99). 4/ Composed of sugar under the re- export and polyhydric alcohol programs. 5/ Imports from Mexico; and high-tier tariff sugar and syrups not otherwise specified -- for 2017/18 (64) and 2018/19 (45). 6/ After 2014/ 15, SMD deliveries for domestic human food use and for miscellaneous uses reported separately. 7/ Transfers accompanyi ng deliveries for sugar-contai ning products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and etha nol. Total refiner license transfers for SCP and POLY inclusive of WASDE-reported deliveri es: 2016/17 -- 389; estimated 2017/18 -- 278; projected 2018/19 -- 324. Mexico Sugar Supply and Use and High Fructose Corn Syrup Import s 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2017/18 Est. Dec 1,002 6,010 204 4,723 1,099 1,395 2017/18 Est. Feb 1,002 6,010 204 4,723 1,099 1,395 2018/19 Proj. Dec 1,395 6,025 70 4,893 1,266 1,330 2018/19 Proj. Feb 1,395 6,025 70 4,893 1,266 1,330 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): Oct-Sep 2016/17 = 1,522; Estimated 2017/18 = 1,593; Oct-Dec 2017 = 395; P rojected 2018/19 = 1, 593; Oct-Dec 2018 = 3 55. Footnote source for esti mate: Comite Nacional para el Desarollo Sustentable de la C ana de Azucar. 2/ Includes deliv eries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/E nding Year Statistical Adjustmen ts. IMMEX: 2017/18 (482 est ); 2018/19 (480). Other Deliveries/Ending Year Statistical Adjustments: 2017/18 (29), 2018/19 (13). February 2019 WASDE - 585 - 17 U.S. Cotton Supply and Use 1/ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Dec Feb Filler Filler Filler Filler Filler Area Million Acres Planted 10.07 12.72 14.04 14.10 Harvested 9.51 11.10 10.37 10.53 Filler Pounds Yield per Harvested Acre 867 905 860 838 Million 480 Pound Bales Beginning Stocks 3.80 2.75 4.30 4.30 Production 17.17 20.92 18.59 18.39 Imports 0.01 0.00 0.01 0.01 Supply, Total 20.98 23.68 22.89 22.70 Domestic Use 3.25 3.23 3.30 3.20 Exports, Total 14.92 15.85 15.00 15.00 Use, Total 18.17 19.07 18.30 18.20 Unaccounted 2/ 0.06 0.30 0.19 0.20 Ending Stocks 2.75 4.30 4.40 4.30 Avg. Farm Price 3/ 68.0 68.6 71.00 - 77.00 71.00 - 73.00 Total Note: Reliability calculations at end of report. 1/ Upland and extra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. February 2019 WASDE - 585 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 244.39 756.51 178.92 147.56 739.85 183.35 261.05 United States 26.55 62.83 3.21 4.37 31.86 28.60 32.13 Total Foreign 217.83 693.68 175.71 143.20 707.98 154.74 228.92 Major Exporters 4/ 25.34 227.73 5.96 65.87 151.40 84.05 23.57 Argentina 0.82 18.40 0.00 0.05 5.15 13.83 0.25 Australia 3.85 31.82 0.15 4.00 7.45 22.64 5.73 Canada 5.18 32.14 0.50 5.82 10.80 20.16 6.86 European Union 5/ 15.49 145.37 5.30 56.00 128.00 27.43 10.73 Major Importers 6/ 142.25 203.61 96.34 36.78 277.96 5.48 158.76 Brazil 1.00 6.73 7.35 0.80 12.20 0.62 2.26 China 97.00 133.27 4.41 17.00 119.00 0.75 114.93 Sel. Mideast 7/ 16.68 19.14 18.11 4.44 37.75 0.53 15.65 N. Africa 8/ 16.63 14.08 28.30 2.35 44.55 0.57 13.89 Pakistan 3.82 25.63 0.00 0.80 24.50 0.60 4.35 Southeast Asia 9/ 5.19 0.00 26.89 9.89 25.47 1.02 5.60 Selected Other India 14.54 87.00 5.90 4.70 97.12 0.52 9.80 FSU-12 16.98 130.09 7.24 27.62 78.65 54.42 21.23 Russia 5.61 72.53 0.50 17.00 40.00 27.81 10.83 Kazakhstan 2 . 6 0 1 4 . 9 90 . 0 82 . 1 06 . 9 07 . 4 03 . 3 6 Ukraine 3.35 26.79 0.04 3.60 10.30 18.11 1.77 2017/18 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 261.05 763.18 179.14 147.69 744.20 181.23 280.02 United States 32.13 47.38 4.28 1.39 29.36 24.52 29.91 Total Foreign 228.92 715.80 174.85 146.29 714.84 156.71 250.11 Major Exporters 4/ 23.57 221.05 6.44 66.31 152.68 71.25 27.12 Argentina 0.25 18.50 0.00 0.05 5.65 12.16 0.94 Australia 5.73 21.30 0.16 4.00 7.48 13.85 5.87 Canada 6.86 29.98 0.45 4.26 9.16 21.95 6.18 European Union 5/ 10.73 151.26 5.82 58.00 130.40 23.29 14.13 Major Importers 6/ 158.76 207.37 93.73 36.45 281.72 6.50 171.63 Brazil 2.26 4.26 7.02 0.50 12.00 0.23 1.31 China 114.93 134.33 4.00 17.50 121.00 1.00 131.26 Sel. Mideast 7/ 15.65 18.39 18.27 5.11 38.91 0.78 12.62 N. Africa 8/ 13.89 19.25 27.45 2.25 45.13 0.83 14.63 Pakistan 4.35 26.67 0.00 1.00 25.00 1.20 4.83 Southeast Asia 9/ 5.60 0.00 25.87 8.94 25.39 1.04 5.03 Selected Other India 9.80 98.51 1.17 5.00 95.83 0.44 13.20 FSU-12 21.23 142.37 8.22 30.71 81.81 69.12 20.88 Russia 10.83 84.99 0.47 20.00 43.00 41.42 11.87 Kazakhstan 3 . 3 6 1 4 . 8 00 . 1 02 . 1 06 . 9 09 . 0 02 . 3 7 Ukraine 1.77 26.98 0.06 3.30 9.80 17.78 1.24 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differenc es in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing y ears, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Austra lia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakist an, selected Middle East, and S outheast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeri a, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2019 WASDE - 585 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Dec 279.94 733.41 175.79 141.96 745.25 177.36 268.10 Feb 280.02 734.75 176.24 143.19 747.23 178.67 267.53 United States Dec 29.91 51.29 3.81 2.99 31.27 27.22 26.52 Feb 29.91 51.29 3.81 2.18 30.29 27.22 27.50 Total Foreign Dec 250.03 682.13 171.98 138.97 713.98 150.14 241.58 Feb 250.11 683.46 172.43 141.02 716.94 151.45 240.04 Major Exporters 4/ Dec 27.01 205.90 7.11 62.90 149.10 70.70 20.22 Feb 27.12 205.60 7.11 62.85 148.95 70.00 20.88 Argentina Dec 1.00 19.50 0.01 0.10 5.80 14.20 0.51 Feb 0.94 19.20 0.01 0.05 5.65 14.00 0.50 Australia Dec 5.70 17.00 0.15 5.50 9.00 10.50 3.35 Feb 5.87 17.00 0.15 5.50 9.00 10.00 4.02 Canada Dec 6.18 31.80 0.45 4.30 9.30 24.00 5.13 Feb 6.18 31.80 0.45 4.30 9.30 24.00 5.13 European Union 5/ Dec 14.13 137.60 6.50 53.00 125.00 22.00 11.23 Feb 14.13 137.60 6.50 53.00 125.00 22.00 11.23 Major Importers 6/ Dec 171.62 206.71 91.41 35.88 284.96 6.25 178.53 Feb 171.63 206.32 91.36 37.98 287.31 7.05 174.95 Brazil Dec 1.31 4.80 7.50 0.50 12.10 0.30 1.21 Feb 1.31 5.43 7.50 0.50 12.10 0.50 1.64 China Dec 131.26 132.50 4.00 18.00 123.00 1.20 143.57 Feb 131.26 131.43 3.50 20.00 125.00 1.20 139.99 Sel. Mideast 7/ Dec 12.61 18.86 17.80 5.01 39.29 0.74 9.24 Feb 12.62 18.91 18.25 5.11 39.64 0.64 9.50 N. Africa 8/ Dec 14.63 21.18 25.70 2.25 45.90 0.69 14.93 Feb 14.63 21.18 25.70 2.25 45.90 0.69 14.93 Pakistan Dec 4.83 25.50 0.01 1.20 25.30 1.00 4.03 Feb 4.83 25.50 0.01 1.20 25.30 1.70 3.33 Southeast Asia 9/ Dec 5.03 0.00 25.00 7.94 25.14 1.06 3.83 Feb 5.03 0.00 25.00 7.94 25.14 1.06 3.83 Selected Other India Dec 13.20 99.70 0.20 5.00 98.00 0.50 14.60 Feb 13.20 99.70 0.20 5.00 98.00 0.50 14.60 FSU-12 Dec 20.86 124.48 8.16 27.76 78.44 62.53 12.54 Feb 20.88 126.05 8.16 27.76 78.44 63.03 13.63 Russia Dec 11.87 70.00 0.50 18.00 40.50 36.50 5.37 Feb 11.87 71.60 0.50 18.00 40.50 37.00 6.47 Kazakhstan Dec 2.37 15.00 0.06 2.20 7.00 8.50 1.93 Feb 2.37 15.00 0.06 2.20 7.00 8.50 1.93 Ukraine Dec 1.24 25.00 0.03 2.40 8.70 16.50 1.06 Feb 1.24 25.00 0.03 2.40 8.70 16.50 1.06 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differenc es in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing y ears, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Austra lia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakist an, selected Middle East, and S outheast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeri a, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2019 WASDE - 585 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 349.47 1,413.71 172.61 823.03 1,378.71 198.61 384.47 United States 48.11 402.61 3.43 144.73 327.52 64.46 62.17 Total Foreign 301.36 1,011.10 169.18 678.30 1,051.19 134.15 322.30 Major Exporters 4/ 18.07 212.15 2.45 90.23 121.44 77.89 33.35 Argentina 3.27 48.57 0.01 10.77 16.04 29.11 6.70 Australia 1.50 17.27 0.00 4.22 6.09 10.02 2.65 Brazil 7.01 101.58 1.55 53.45 64.03 31.61 14.49 Canada 4.97 26.62 0.79 14.26 21.97 4.85 5.56 Major Importers 5/ 45.20 241.04 120.79 275.11 357.93 11.05 38.05 European Union 6/ 15.74 152.83 15.56 119.87 160.84 8.09 15.20 Japan 1.76 0.18 17.00 13.26 17.25 0.00 1.69 Mexico 5.84 33.26 15.29 27.95 46.85 1.54 6.00 N. Afr & Mideast 7/ 10.49 24.90 34.17 54.69 62.49 0.16 6.92 Saudi Arabia 4.40 0.25 11.53 13.22 13.62 0.00 2.56 Southeast Asia 8/ 4.37 29.35 13.68 34.97 42.94 1.27 3.19 South Korea 1.95 0.20 9.31 7.07 9.64 0.00 1.81 Selected Other China 213.33 270.93 16.06 196.90 275.95 0.11 224.25 FSU-12 6.32 92.74 0.76 41.04 56.36 36.52 6.94 Russia 1.67 40.77 0.28 22.48 32.08 8.57 2.07 Ukraine 3.17 39.22 0.04 9.06 12.53 26.89 3.01 2017/18 Est. Beginning Stocks Productio n ImportsDomestic FeedDomesti c Total 2 / ExportsEnding Stocks World 3/ 384.47 1,356.84 187.71 836.09 1,371.25 183.04 370.06 United States 62.17 384.39 2.94 138.62 324.28 67.30 57.92 Total Foreign 322.30 972.45 184.77 697.47 1,046.98 115.75 312.14 Major Exporters 4/ 33.35 176.53 3.75 96.02 128.40 62.17 23.05 Argentina 6.70 39.32 0.01 12.28 18.01 22.93 5.08 Australia 2.65 11.91 0.00 3.94 5.81 6.84 1.91 Brazil 14.49 85.06 1.55 57.70 68.18 24.51 8.41 Canada 5.56 26.24 1.77 15.43 23.27 5.78 4.53 Major Importers 5/ 38.05 244.36 133.97 283.42 367.23 10.01 39.13 European Union 6/ 15.20 152.49 19.35 121.15 162.67 7.92 16.46 Japan 1.69 0.19 17.58 13.75 17.75 0.00 1.71 Mexico 6.00 33.07 16.36 29.20 48.21 0.96 6.26 N. Afr & Mideast 7/ 6.92 28.71 39.15 59.14 67.05 0.13 7.59 Saudi Arabia 2.56 0.26 12.08 12.28 12.80 0.00 2.10 Southeast Asia 8/ 3.19 29.37 14.74 35.87 43.99 1.01 2.31 South Korea 1.81 0.20 10.19 7.80 10.31 0.00 1.90 Selected Other China 224.25 266.57 16.43 199.12 283.98 0.06 223.21 FSU-12 6.94 88.94 0.74 39.64 54.72 35.94 5.96 Russia 2.07 41.71 0.13 21.57 31.02 11.51 1.39 Ukraine 3.01 34.07 0.05 8.44 11.82 22.50 2.81 1/ Aggregate of local marketing y ears. Coarse grains include corn, sorghum, barley, oat s, rye, millet, and mixed grains (for U .S. excludes millet and mixed grains). 2/ Total foreign and world use adjus ted to reflect the differences in world imports and exports. 3/ World imports and exports may not bal ance due to differences in marketing years, grain in transit, and reportin g discrepancies in some count ries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intr a-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocc o, Syria, Tunisia, and Turkey. 8/ Indonesia , Malaysia, Philippines, Thail and, and Vietnam. February 2019 WASDE - 585 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Dec 369.31 1,373.61 194.39 853.48 1,407.69 201.28 335.23 Feb 370.06 1,372.14 193.68 851.65 1,405.18 201.01 337.01 United States Dec 57.92 385.12 3.25 145.31 332.81 64.92 48.56 Feb 57.92 379.92 3.13 141.28 327.77 64.92 48.28 Total Foreign Dec 311.39 988.50 191.14 708.17 1,074.88 136.36 286.67 Feb 312.14 992.22 190.55 710.37 1,077.42 136.09 288.72 Major Exporters 4/ Dec 22.18 197.47 2.97 94.03 126.86 74.90 20.86 Feb 23.05 200.32 3.07 95.38 128.60 75.00 22.84 Argentina Dec 3.51 50.35 0.01 11.39 16.95 31.31 5.61 Feb 5.08 53.92 0.01 12.55 18.31 32.31 8.39 Australia Dec 1.91 10.85 0.00 2.64 4.49 7.12 1.16 Feb 1.91 10.65 0.00 2.84 4.89 6.52 1.16 Brazil Dec 9.41 97.42 1.55 58.59 70.04 29.02 9.33 Feb 8.41 97.42 1.55 58.59 70.04 29.02 8.33 Canada Dec 4.53 26.24 1.31 15.54 23.02 5.55 3.51 Feb 4.53 26.24 1.31 15.54 23.02 5.55 3.51 Major Importers 5/ Dec 39.46 240.80 139.74 293.26 376.76 9.23 34.01 Feb 39.13 240.25 140.49 293.66 377.11 8.93 33.83 European Union 6/ Dec 16.46 147.19 22.36 124.80 165.77 6.95 13.28 Feb 16.46 146.90 22.41 124.80 165.77 6.95 13.04 Japan Dec 1.71 0.18 17.27 13.52 17.51 0.00 1.65 Feb 1.71 0.18 17.27 13.52 17.51 0.00 1.65 Mexico Dec 6.29 31.69 17.31 30.72 49.94 1.30 4.05 Feb 6.26 31.29 17.31 30.72 49.94 1.00 3.92 N. Afr & Mideast 7/ Dec 7.88 31.66 38.05 61.07 69.04 0.20 8.34 Feb 7.59 31.86 38.25 61.27 69.24 0.20 8.25 Saudi Arabia Dec 2.12 0.34 13.01 13.25 13.78 0.00 1.70 Feb 2.10 0.29 13.51 13.45 13.93 0.00 1.98 Southeast Asia 8/ Dec 2.31 29.46 17.16 37.46 45.56 0.79 2.59 Feb 2.31 29.46 17.16 37.46 45.56 0.79 2.59 South Korea Dec 1.90 0.20 10.39 8.11 10.62 0.00 1.87 Feb 1.90 0.20 10.39 8.11 10.62 0.00 1.87 Selected Other China Dec 223.22 263.81 16.35 203.90 294.98 0.07 208.33 Feb 223.21 265.14 14.85 203.80 294.78 0.07 208.34 FSU-12 Dec 5.80 92.90 0.79 36.57 50.91 43.34 5.24 Feb 5.96 93.27 0.74 37.11 51.17 43.33 5.47 Russia Dec 1.42 34.73 0.18 18.68 27.53 7.78 1.02 Feb 1.39 34.67 0.13 18.60 27.17 7.96 1.06 Ukraine Dec 2.72 43.70 0.04 7.90 11.16 32.70 2.59 Feb 2.81 43.99 0.04 8.42 11.67 32.51 2.66 1/ Aggregate of local marketing y ears. Coarse grains include corn, sorghum, barley, oat s, rye, millet, and mixed grains (for U .S. excludes millet and mixed grains). 2/ Total foreign and world use adjus ted to reflect the differences in world imports and exports. 3/ World imports and exports may not bal ance due to differences in marketing years, grain in transit, and reportin g discrepancies in some count ries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intr a-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocc o, Syria, Tunisia, and Turkey. 8/ Indonesia , Malaysia, Philippines, Thail and, and Vietnam. February 2019 WASDE - 585 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 311.38 1,122.41 135.59 655.95 1,083.55 160.05 350.24 United States 44.12 384.78 1.45 138.94 313.83 58.27 58.25 Total Foreign 267.26 737.63 134.14 517.01 769.72 101.78 291.99 Major Exporters 4/ 9.31 157.05 0.87 65.96 84.36 59.88 22.99 Argentina 1.45 41.00 0.01 7.50 11.20 25.99 5.27 Brazil 6.77 98.50 0.85 51.00 60.50 31.60 14.02 South Africa 1.10 17.55 0.00 7.46 12.66 2.29 3.70 Major Importers 5/ 22.61 124.90 80.39 147.78 201.04 5.00 21.87 Egypt 2.22 6.00 8.77 12.70 15.10 0.01 1.89 European Union 6/ 6.93 61.88 14.97 55.00 74.00 2.19 7.60 Japan 1.35 0.00 15.17 11.60 15.20 0.00 1.32 Mexico 5.16 27.58 14.61 22.50 40.40 1.54 5.41 Southeast Asia 7/ 4.36 29.30 13.48 34.90 42.70 1.26 3.18 South Korea 1.94 0.08 9.22 7.03 9.44 0.00 1.80 Selected Other 0.00 Canada 2.45 13.89 0.71 7.50 12.95 1.52 2.57 China 212.02 263.61 2.46 185.00 255.00 0.08 223.02 FSU-12 2.60 47.79 0.35 17.67 20.51 27.16 3.07 Ukraine 1.39 27.97 0.03 5.10 6.50 21.33 1.55 2017/18 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 350.24 1,075.61 149.99 670.96 1,085.05 146.29 340.81 United States 58.25 371.10 0.92 134.73 313.97 61.94 54.37 Total Foreign 291.99 704.52 149.07 536.23 771.08 84.36 286.44 Major Exporters 4/ 22.99 127.53 1.31 70.10 89.40 47.60 14.82 Argentina 5.27 32.00 0.01 8.50 12.40 21.00 3.88 Brazil 14.02 82.00 1.00 55.00 64.50 24.50 8.02 South Africa 3.70 13.53 0.30 6.60 12.50 2.10 2.92 Major Importers 5/ 21.87 125.42 88.50 154.40 208.25 3.72 23.82 Egypt 1.89 6.40 9.46 13.40 15.90 0.01 1.84 European Union 6/ 7.60 62.10 18.41 57.00 76.50 1.75 9.86 Japan 1.32 0.00 15.67 12.00 15.60 0.00 1.39 Mexico 5.41 27.45 16.13 24.30 42.30 0.96 5.73 Southeast Asia 7/ 3.18 29.32 14.40 35.80 43.60 1.00 2.30 South Korea 1.80 0.07 10.02 7.70 10.00 0.00 1.89 Selected Other 0.00 Canada 2.57 14.10 1.70 8.40 14.06 1.94 2.37 China 223.02 259.07 3.46 187.00 263.00 0.02 222.53 FSU-12 3.07 42.07 0.45 16.35 19.04 24.03 2.52 Ukraine 1.55 24.12 0.04 4.90 6.20 18.04 1.47 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differenc es in world imports and exports. 3/ World imports a nd exports may not balance due t o differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil , and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade exclud es intra-trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2019 WASDE - 585 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Dec 340.20 1,099.91 159.74 698.74 1,131.31 166.46 308.80 Feb 340.81 1,099.61 159.71 698.06 1,130.64 167.36 309.78 United States Dec 54.37 371.52 1.14 139.71 319.55 62.23 45.25 Feb 54.37 366.29 1.02 136.53 315.36 62.23 44.08 Total Foreign Dec 285.83 728.40 158.60 559.03 811.76 104.23 263.56 Feb 286.44 733.32 158.70 561.53 815.29 105.13 265.70 Major Exporters 4/ Dec 14.02 149.00 1.01 70.30 90.60 58.90 14.52 Feb 14.82 152.00 1.11 71.50 92.00 59.60 16.32 Argentina Dec 2.38 42.50 0.01 8.50 12.40 28.00 4.48 Feb 3.88 46.00 0.01 9.70 13.80 29.00 7.08 Brazil Dec 9.02 94.50 1.00 56.00 66.50 29.00 9.02 Feb 8.02 94.50 1.00 56.00 66.50 29.00 8.02 South Africa Dec 2.62 12.00 0.00 5.80 11.70 1.90 1.02 Feb 2.92 11.50 0.10 5.80 11.70 1.60 1.22 Major Importers 5/ Dec 23.82 122.76 94.20 164.80 218.50 3.59 18.69 Feb 23.82 122.68 94.20 165.00 218.70 3.29 18.71 Egypt Dec 1.84 6.80 9.70 13.70 16.20 0.01 2.13 Feb 1.84 6.80 9.70 13.70 16.20 0.01 2.13 European Union 6/ Dec 9.86 60.40 21.00 64.00 83.00 1.50 6.76 Feb 9.86 60.72 21.00 64.20 83.20 1.50 6.88 Japan Dec 1.39 0.00 15.50 11.90 15.50 0.00 1.40 Feb 1.39 0.00 15.50 11.90 15.50 0.00 1.40 Mexico Dec 5.73 26.00 16.70 25.50 43.70 1.30 3.43 Feb 5.73 25.60 16.70 25.50 43.70 1.00 3.33 Southeast Asia 7/ Dec 2.30 29.41 17.00 37.40 45.35 0.78 2.58 Feb 2.30 29.41 17.00 37.40 45.35 0.78 2.58 South Korea Dec 1.89 0.08 10.20 8.00 10.30 0.00 1.86 Feb 1.89 0.08 10.20 8.00 10.30 0.00 1.86 Selected Other Canada Dec 2.37 13.90 1.20 8.50 13.90 1.60 1.97 Feb 2.37 13.90 1.20 8.50 13.90 1.60 1.97 China Dec 222.54 256.00 5.00 194.00 276.00 0.05 207.49 Feb 222.53 257.33 5.00 195.00 277.00 0.05 207.81 FSU-12 Dec 2.50 51.30 0.45 17.09 19.89 31.75 2.61 Feb 2.52 51.80 0.45 17.09 19.89 32.25 2.63 Ukraine Dec 1.41 35.00 0.03 5.50 6.90 28.00 1.53 Feb 1.47 35.50 0.03 5.50 6.90 28.50 1.59 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the d ifferences in world imports an d exports. 3/ World imports and exports may not balance due to di fferences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and Sout h Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asi a. 6/ Trade excludes intra-trad e. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2019 WASDE - 585 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2016/17 Beginning StocksProductio n Imports Total /2 DomesticExports Ending Stocks World 3/ 142.56 490.94 41.29 483.82 47.25 149.68 United States 1.48 7.12 0.75 4.23 3.65 1.46 Total Foreign 141.09 483.82 40.54 479.59 43.61 148.22 Major Exporters 4/ 29.48 163.15 0.76 132.88 33.39 27.12 India 18.40 109.70 0.00 95.78 11.77 20.55 Pakistan 1.12 6.85 0.01 3.10 3.52 1.37 Thailand 8.40 19.20 0.25 12.00 11.62 4.24 Vietnam 1.56 27.40 0.50 22.00 6.49 0.97 Major Importers 5/ 10.04 66.54 11.90 77.56 1.22 9.71 Brazil 0.31 8.38 0.61 8.00 0.83 0.48 European Union 6/ 1.18 2.09 1.84 3.60 0.32 1.19 Indonesia 3.51 36.86 0.35 37.80 0.00 2.92 Nigeria 1.53 4.41 2.50 6.70 0.00 1.74 Philippines 2.12 11.69 1.10 12.90 0.00 2.00 Sel. Mideast 7/ 0.86 1.78 3.87 5.63 0.00 0.88 Selected Other 0.00 Burma 1.24 12.65 0.01 10.00 3.35 0.55 C. Amer & Carib 8/ 0.54 1.72 1.77 3.36 0.04 0.63 China 88.00 147.77 5.30 141.76 0.81 98.50 Egypt 0.92 4.80 0.10 4.30 0.10 1.43 Japan 2.55 7.93 0.71 8.73 0.05 2.41 Mexico 0.13 0.18 0.87 0.92 0.09 0.17 South Korea 1.83 4.20 0.41 4.65 0.00 1.78 2017/18 Est. Beginning Stocks Productio n ImportsTotal / 2 Domesti c ExportsEndin g Stock s World 3/ 149.68 495.07 47.41 482.73 47.66 162.02 United States 1.46 5.66 0.85 4.28 2.76 0.93 Total Foreign 148.22 489.41 46.56 478.45 44.89 161.09 Major Exporters 4/ 27.12 169.20 0.65 134.46 34.17 28.35 India 20.55 112.91 0.00 98.66 12.20 22.60 Pakistan 1.37 7.45 0.00 3.20 4.30 1.32 Thailand 4.24 20.37 0.25 10.60 11.08 3.18 Vietnam 0.97 28.47 0.40 22.00 6.59 1.25 Major Importers 5/ 9.71 67.41 13.57 78.73 1.58 10.38 Brazil 0.48 8.21 0.58 7.80 1.15 0.31 European Union 6/ 1.19 2.00 2.00 3.70 0.35 1.14 Indonesia 2.92 37.00 2.30 38.10 0.00 4.11 Nigeria 1.74 4.66 2.00 7.10 0.00 1.30 Philippines 2.00 12.24 1.30 13.25 0.00 2.29 Sel. Mideast 7/ 0.88 1.93 3.70 5.75 0.00 0.76 Selected Other 0.00 Burma 0.55 13.20 0.01 10.10 2.80 0.86 C. Amer & Carib 8/ 0.63 1.62 1.69 3.28 0.04 0.62 China 98.50 148.87 5.50 142.49 1.39 109.00 Egypt 1.43 4.30 0.09 4.20 0.05 1.56 Japan 2.41 7.79 0.69 8.66 0.06 2.17 Mexico 0.17 0.18 0.80 0.86 0.10 0.20 South Korea 1.78 3.97 0.40 4.88 0.06 1.21 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports an d exports. Total domestic includes both domestic use and unreported disappearance. 3/ Wo rld imports and exports may not balance due to differences in s ome countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong K ong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, I raq, and Saudi Arabia. 8/ Central American and Caribbean countr ies. February 2019 WASDE - 585 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ Dec 161.68 491.14 45.26 489.56 48.11 163.25 Feb 162.02 495.87 45.23 490.27 47.72 167.62 United States Dec 0.93 6.93 0.91 4.22 3.14 1.40 Feb 0.93 7.12 0.91 4.29 3.18 1.50 Total Foreign Dec 160.74 484.21 44.36 485.34 44.96 161.85 Feb 161.09 488.75 44.33 485.98 44.55 166.13 Major Exporters 4/ Dec 28.21 168.17 0.65 135.95 34.05 27.03 Feb 28.35 168.17 0.65 135.95 33.75 27.47 India Dec 22.60 111.00 0.00 100.00 12.50 21.10 Feb 22.60 111.00 0.00 100.00 12.50 21.10 Pakistan Dec 1.32 7.40 0.00 3.25 4.25 1.22 Feb 1.32 7.40 0.00 3.25 4.25 1.22 Thailand Dec 3.16 20.70 0.25 10.50 10.30 3.31 Feb 3.18 20.70 0.25 10.50 10.00 3.63 Vietnam Dec 1.14 29.07 0.40 22.20 7.00 1.41 Feb 1.25 29.07 0.40 22.20 7.00 1.52 Major Importers 5/ Dec 10.46 67.59 13.45 79.70 1.29 10.50 Feb 10.38 67.18 14.00 79.42 1.29 10.84 Brazil Dec 0.41 8.16 0.65 8.03 0.85 0.34 Feb 0.31 7.75 0.85 7.75 0.85 0.31 European Union 6/ Dec 1.14 1.99 2.00 3.75 0.35 1.04 Feb 1.14 1.99 2.00 3.75 0.35 1.04 Indonesia Dec 4.06 37.30 0.80 38.10 0.00 4.06 Feb 4.11 37.30 0.80 38.10 0.00 4.11 Nigeria Dec 1.30 4.79 2.40 7.40 0.00 1.09 Feb 1.30 4.79 2.20 7.20 0.00 1.09 Philippines Dec 2.29 12.15 1.80 13.50 0.00 2.74 Feb 2.29 12.15 2.30 13.65 0.00 3.09 Sel. Mideast 7/ Dec 0.76 1.74 4.00 5.78 0.00 0.72 Feb 0.76 1.74 4.00 5.78 0.00 0.72 Selected Other Burma Dec 0.86 13.12 0.01 10.20 3.00 0.79 Feb 0.86 13.12 0.01 10.20 2.80 0.99 C. Amer & Carib 8/ Dec 0.62 1.70 1.86 3.46 0.03 0.68 Feb 0.62 1.70 1.86 3.47 0.04 0.68 China Dec 109.00 143.58 5.00 142.78 1.80 113.00 Feb 109.00 148.49 4.50 143.79 2.20 116.00 Egypt Dec 1.55 2.80 0.40 4.10 0.02 0.63 Feb 1.56 2.80 0.40 4.10 0.02 0.64 Japan Dec 2.17 7.70 0.69 8.60 0.07 1.88 Feb 2.17 7.70 0.69 8.60 0.07 1.88 Mexico Dec 0.19 0.18 0.88 0.94 0.09 0.22 Feb 0.20 0.18 0.88 0.94 0.09 0.22 South Korea Dec 1.21 3.87 0.41 4.67 0.05 0.76 Feb 1.21 3.87 0.41 4.67 0.05 0.76 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. Total domestic includes both dom estic use and unreported disapp earance. 3/ World imports and e xports may not balance due to d ifferences in some countries. 4 / India, Pakistan, T hailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Phi lippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-tr ade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Ar abia. 8/ Central American and Caribbean countries. February 2019 WASDE - 585 - 26 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2016/17 Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World 90.34 106.66 37.70 116.18 37.91 0.21 80.40 United States 3.80 17.17 0.01 3.25 14.92 0.06 2.75 Total Foreign 86.54 89.49 37.69 112.93 22.99 0.15 77.65 Major Exporters 4/ 19.55 50.72 3.63 32.27 19.78 0.01 21.85 Central Asia 5/ 2.35 5.99 3 / 2.83 3.32 0.00 2.18 Afr. Fr. Zone 6/ 1.16 5.12 3 / 0.14 4.60 0.01 1.53 S. Hemis 7/ 8.76 12.25 0.37 4.29 7.05 -0.02 10.05 Australia 1.88 4.05 3 / 0.04 3.73 -0.03 2.19 Brazil 5.71 7.02 0.19 3.20 2.79 0.00 6.93 India 7.04 27.00 2.74 24.35 4.55 0.00 7.88 Major Importers 8/ 65.27 35.86 31.92 76.72 2.03 0.14 54.17 Mexico 0.61 0.77 1.00 1.75 0.15 0.03 0.45 China 56.70 22.75 5.03 38.50 0.06 0.00 45.92 European Union 9/ 0.27 1.31 0.69 0.72 1.33 0.05 0.18 Turkey 1.53 3.20 3.68 6.55 0.33 0.00 1.53 Pakistan 2.62 7.70 2.45 10.30 0.13 0.03 2.32 Indonesia 0.53 0.01 3.39 3.30 0.01 0.00 0.62 Thailand 0.20 3 / 1.23 1.20 0.00 0.03 0.20 Bangladesh 1.52 0.13 6.80 6.80 0.00 0.01 1.63 Vietnam 0.78 3 / 5.50 5.40 0.00 0.00 0.88 2017/18 Est. Beginning Stocks Productio n ImportsDomestic Use ExportsLoss /2 Ending Stocks World 80.40 123.69 40.93 122.58 40.92 0.47 81.05 United States 2.75 20.92 3 / 3.23 15.85 0.30 4.30 Total Foreign 77.65 102.77 40.93 119.35 25.07 0.17 76.75 Major Exporters 4/ 21.85 56.82 2.47 32.75 21.63 0.02 26.75 Central Asia 5/ 2.18 6.51 3 / 3.38 2.60 0.00 2.72 Afr. Fr. Zone 6/ 1.53 5.42 3 / 0.14 4.99 0.00 1.83 S. Hemis 7/ 10.05 15.44 0.25 4.45 8.55 0.01 12.73 Australia 2.19 4.70 3 / 0.04 3.92 0.00 2.94 Brazil 6.93 9.22 0.08 3.40 4.17 0.00 8.66 India 7.88 29.00 1.68 24.15 5.18 0.00 9.23 Major Importers 8/ 54.17 42.95 35.85 82.58 2.34 0.15 47.90 Mexico 0.45 1.56 0.93 1.90 0.35 0.03 0.66 China 45.92 27.50 5.73 41.00 0.13 0.00 38.02 European Union 9/ 0.18 1.54 0.72 0.75 1.37 0.06 0.27 Turkey 1.53 4.00 4.02 7.35 0.33 0.00 1.88 Pakistan 2.32 8.20 3.30 10.80 0.16 0.03 2.83 Indonesia 0.62 3 / 3.50 3.50 0.01 0.00 0.62 Thailand 0.20 3 / 1.15 1.15 0.00 0.03 0.18 Bangladesh 1.63 0.14 7.60 7.50 0.00 0.01 1.86 Vietnam 0.88 3 / 6.90 6.60 0.00 0.00 1.19 1/ Marketing year beginning Augus t 1. Totals may not add exactl y and trade may not balance due to rounding and ot her factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, Chi na, and the United States, ref lects the difference between implicit stocks based on supply less total u se and indicated endi ng stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the count ries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzsta n, Tajikistan, Turkmenistan, a nd Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, C entral African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, L esotho, Paraguay , South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, Russi a, South Korea, and Taiwan. 9/ Includes intra-EU trade. February 2019 WASDE - 585 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2018/19 Proj. Beginning StocksProduction Imports Domestic UseExports Loss /2Ending Stocks World Dec 80.45 118.74 41.71 125.63 41.73 0.35 73.19 Feb 81.05 118.45 42.31 123.64 42.32 0.36 75.50 United States Dec 4.30 18.59 0.01 3.30 15.00 0.19 4.40 Feb 4.30 18.39 0.01 3.20 15.00 0.20 4.30 Total Foreign Dec 76.15 100.15 41.71 122.33 26.73 0.16 68.79 Feb 76.75 100.06 42.30 120.44 27.32 0.16 71.20 filler filler filler filler filler filler filler Major Exporters 4/ Dec 26.15 54.91 2.32 34.30 22.57 0.02 26.50 Feb 26.75 54.77 2.35 33.80 23.22 0.02 26.83 Central Asia 5/ Dec 2.72 5.47 3 / 3.61 2.21 0.00 2.37 Feb 2.72 5.59 3 / 3.61 2.26 0.00 2.44 Afr. Fr. Zone 6/ Dec 1.80 5.86 3 / 0.14 5.45 0.00 2.07 Feb 1.83 5.58 3 / 0.14 5.47 0.00 1.80 S. Hemis 7/ Dec 12.72 15.51 0.22 4.57 10.16 0.01 13.70 Feb 12.73 15.98 0.27 4.57 10.61 0.01 13.79 Australia Dec 2.94 2.50 3 / 0.04 3.60 0.00 1.81 Feb 2.94 2.60 3 / 0.04 3.60 0.00 1.90 Brazil Dec 8 . 6 6 1 1 . 0 00 . 0 83 . 5 05 . 8 00 . 0 0 1 0 . 4 3 Feb 8 . 6 6 1 1 . 4 00 . 1 33 . 5 06 . 2 00 . 0 0 1 0 . 4 8 India Dec 8.68 27.50 1.60 25.30 4.40 0.00 8.08 Feb 9.23 27.00 1.60 24.80 4.50 0.00 8.53 filler filler filler filler filler filler filler Major Importers 8/ Dec 47.91 42.23 36.80 83.94 2.84 0.14 40.02 Feb 47.90 42.25 37.36 82.55 2.74 0.14 42.09 Mexico Dec 0.66 1.73 0.90 1.95 0.60 0.03 0.71 Feb 0.66 1.73 0.85 1.95 0.60 0.03 0.66 China Dec 38.02 27.00 7.00 41.50 0.15 0.00 30.37 Feb 38.02 27.50 7.50 40.50 0.15 0.00 32.37 European Union 9/ Dec 0.27 1.66 0.71 0.75 1.53 0.05 0.32 Feb 0.27 1.69 0.70 0.74 1.55 0.05 0.31 Turkey Dec 1.88 4.30 2.90 7.00 0.40 0.00 1.68 Feb 1.88 3.70 3.20 6.80 0.30 0.00 1.68 Pakistan Dec 2.83 7.40 2.90 10.60 0.15 0.03 2.36 Feb 2.83 7.50 3.00 10.60 0.13 0.03 2.58 Indonesia Dec 0.62 3 / 3.65 3.60 0.01 0.00 0.66 Feb 0.62 3 / 3.65 3.60 0.01 0.00 0.66 Thailand Dec 0.18 3 / 1.18 1.15 0.00 0.03 0.18 Feb 0.18 3 / 1.18 1.15 0.00 0.03 0.18 Bangladesh Dec 1.86 0.14 8.10 8.00 0.00 0.01 2.08 Feb 1.86 0.14 8.00 8.00 0.00 0.01 1.98 Vietnam Dec 1.19 3 / 7.60 7.50 0.00 0.00 1.29 Feb 1.19 3 / 7.40 7.30 0.00 0.00 1.29 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally refle cts cotton lost or destroyed in the marketing channel; for Au stralia, Brazil, C hina, and the United States, reflects the diff erence between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhsta n, Kyrgyzstan, Tajikistan, Turkmenis tan, and Uzbekistan. 6/ Benin , Burkina Faso, Cameroon, Cen tral African Republic, Chad, Cote d'Ivoire, Mali, Niger, Sen egal, and Togo. 7/ Argentina, A ustralia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to t he countries and regions liste d, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. February 2019 WASDE - 585 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning StocksProduction Imports Domestic CrushDomestic TotalExports Ending Stocks World 2/ 80.35 349.31 144.37 287.42 330.77 147.50 95.76 United States 5.35 116.93 0.61 51.74 55.72 58.96 8.21 Total Foreign 75.00 232.38 143.76 235.68 275.05 88.54 87.55 Major Exporters 3/ 51.80 183.15 1.98 87.55 96.47 79.52 60.94 Argentina 27.16 55.00 1.67 43.31 49.51 7.03 27.30 Brazil 24.56 114.60 0.25 40.41 43.06 63.14 33.21 Paraguay 0.03 10.34 0.01 3.75 3.81 6.13 0.44 Major Importers 4/ 19.98 17.54 122.63 113.10 136.57 0.39 23.19 China 17.14 13.64 93.50 88.00 103.50 0.11 20.66 European Union 1.56 2.41 13.44 14.40 16.04 0.22 1.15 Japan 0.26 0.24 3.18 2.39 3.46 0.00 0.22 Mexico 0.15 0.52 4.13 4.60 4.64 0.00 0.16 2017/18 Est. Beginnin g Stock s Productio n Import s Domesti c Crus h Domesti c Total Export s Endin g Stock s World 2/ 95.76 339.99 153.48 295.26 338.15 152.99 98.09 United States 8.21 120.07 0.59 55.93 59.00 57.95 11.92 Total Foreign 87.55 219.93 152.89 239.33 279.16 95.04 86.17 Major Exporters 3/ 60.94 169.74 5.24 85.39 93.65 85.57 56.71 Argentina 27.30 37.80 5.05 36.93 43.13 2.11 24.90 Brazil 33.21 120.80 0.18 44.52 46.49 76.18 31.53 Paraguay 0.44 9.81 0.01 3.87 3.94 6.03 0.28 Major Importers 4/ 23.19 19.24 124.69 116.11 140.43 0.46 26.23 China 20.66 15.20 94.10 90.00 106.30 0.13 23.52 European Union 1.15 2.67 14.58 14.95 16.60 0.28 1.53 Japan 0.22 0.25 3.26 2.35 3.51 0.00 0.22 Mexico 0.16 0.43 4.87 5.25 5.29 0.00 0.18 2018/19 Proj. Beginnin g Stock s Productio n Import s Domesti c Crus h Domesti c Total Export s Endin g Stock s World 2/ Dec 101.30 369.20 152.46 308.19 351.53 156.09 115.33 Feb 98.09 360.99 151.42 304.80 349.44 154.36 106.72 United States Dec 11.92 125.18 0.68 56.61 60.08 51.71 26.00 Feb 11.92 123.66 0.54 56.88 60.34 51.03 24.76 Total Foreign Dec 89.37 244.02 151.78 251.58 291.45 104.38 89.34 Feb 86.17 237.33 150.88 247.92 289.10 103.33 81.95 Major Exporters 3/ Dec 59.86 189.80 4.41 89.68 96.98 94.17 62.92 Feb 56.71 183.48 5.61 89.88 98.51 93.27 54.02 Argentina Dec 34.52 55.50 4.20 43.00 47.92 5.00 41.30 Feb 24.90 55.00 5.35 43.20 49.40 6.30 29.55 Brazil Dec 25.15 122.00 0.20 42.70 45.00 81.00 21.35 Feb 31.53 117.00 0.25 42.70 45.05 79.50 24.23 Paraguay Dec 0.18 9.80 0.01 3.90 3.98 5.80 0.21 Feb 0.28 9.50 0.01 3.90 3.98 5.60 0.21 Major Importers 4/ Dec 26.24 19.97 123.33 121.03 146.41 0.43 22.69 Feb 26.23 19.87 121.33 117.53 142.91 0.43 24.08 China Dec 23.54 16.00 90.00 92.50 109.60 0.10 19.84 Feb 23.52 15.90 88.00 89.00 106.10 0.10 21.22 European Union Dec 1.53 2.70 15.80 16.60 18.25 0.28 1.50 Feb 1.53 2.70 15.80 16.60 18.25 0.28 1.50 Japan Dec 0.22 0.26 3.30 2.35 3.52 0.00 0.26 Feb 0.22 0.26 3.30 2.35 3.52 0.00 0.26 Mexico Dec 0.18 0.34 5.03 5.30 5.34 0.00 0.21 Feb 0.18 0.34 5.03 5.30 5.34 0.00 0.21 1/ Data based on local marketing years except Argentina and Bra zil which are adjusted to an October-September year. 2/ World imports and exports may not bal ance due to differences in local marketing years and to time lags betw een reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (in cludes Indonesia, Malaysia, Phili ppines, Vietnam, and Thailand). February 2019 WASDE - 585 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 13.42 225.56 60.42 221.77 64.55 13.07 United States 0.24 40.63 0.32 30.32 10.51 0.36 Total Foreign 13.18 184.93 60.10 191.46 54.04 12.71 Major Exporters 3/ 7.07 71.76 0.05 24.55 47.09 7.24 Argentina 4.23 33.28 0.00 2.85 31.32 3.34 Brazil 2.71 31.28 0.04 16.94 13.76 3.32 India 0.13 7.20 0.01 4.75 2.01 0.58 Major Importers 4/ 2.21 16.08 36.49 52.38 0.53 1.86 European Union 0.89 11.38 18.79 30.24 0.33 0.49 Southeast Asia 5/ 1.23 2.90 16.07 18.72 0.20 1.28 2017/18 Est. Beginnin g Stock s Productio n Import s Domesti c Total Export s Endin g Stock s World 2/ 13.07 232.36 60.40 228.96 64.51 12.36 United States 0.36 44.65 0.45 31.51 13.45 0.50 Total Foreign 12.71 187.71 59.95 197.45 51.06 11.86 Major Exporters 3/ 7.24 68.59 0.03 25.51 43.26 7.09 Argentina 3.34 27.93 0.00 3.00 25.35 2.92 Brazil 3.32 34.50 0.02 17.71 16.06 4.06 India 0.58 6.16 0.01 4.80 1.84 0.11 Major Importers 4/ 1.86 16.37 37.00 53.17 0.64 1.42 European Union 0.49 11.81 18.35 30.04 0.39 0.22 Southeast Asia 5/ 1.28 2.78 16.92 19.62 0.25 1.11 2018/19 Proj. Beginnin g Stock s Productio n Import s Domesti c Total Export s Endin g Stock s World 2/ Dec 12.41 242.34 62.53 238.89 66.26 12.14 Feb 12.36 239.43 62.61 235.36 66.84 12.20 United States Dec 0.50 44.59 0.32 32.52 12.47 0.41 Feb 0.50 44.59 0.32 32.52 12.47 0.41 Total Foreign Dec 11.91 197.76 62.21 206.37 53.79 11.73 Feb 11.86 194.84 62.29 202.84 54.36 11.79 Major Exporters 3/ Dec 7.22 73.67 0.04 27.27 46.53 7.14 Feb 7.09 73.50 0.04 26.42 47.03 7.19 Argentina Dec 3.00 33.05 0.00 3.19 29.80 3.07 Feb 2.92 33.20 0.00 3.19 29.80 3.14 Brazil Dec 4.06 33.10 0.03 18.13 15.23 3.83 Feb 4.06 33.10 0.03 18.13 15.23 3.83 India Dec 0.16 7.52 0.02 5.95 1.50 0.25 Feb 0.11 7.20 0.02 5.10 2.00 0.23 Major Importers 4/ Dec 1.44 18.22 37.32 55.00 0.53 1.44 Feb 1.42 18.22 37.32 55.00 0.53 1.43 European Union Dec 0.23 13.11 18.50 31.29 0.30 0.26 Feb 0.22 13.11 18.50 31.29 0.30 0.24 Southeast Asia 5/ Dec 1.11 3.33 17.05 20.17 0.23 1.09 Feb 1.11 3.33 17.05 20.17 0.23 1.09 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October-September year. 2/ Wo rld imports and exports may not balance due to differences in local marketing years and to time lags bet ween reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Jap an. 5/ Indonesia, Malaysia , Philippines, Vietn am, and Thailand. February 2019 WASDE - 585 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 3.76 53.72 10.83 53.41 11.25 3.66 United States 0 . 7 7 1 0 . 0 40 . 1 59 . 0 11 . 1 60 . 7 8 Total Foreign 3.00 43.68 10.69 44.40 10.09 2.88 Major Exporters 3/ 0.71 18.89 0.35 11.76 7.45 0.74 Argentina 0.26 8.40 0.00 2.99 5.39 0.28 Brazil 0.29 7.76 0.06 6.57 1.24 0.29 European Union 0.16 2.74 0.29 2.21 0.82 0.16 Major Importers 4/ 1.29 17.89 5.80 23.57 0.21 1.21 China 0.66 15.77 0.71 16.35 0.12 0.67 India 0.47 1.62 3.53 5.20 0.00 0.43 North Africa 5/ 0.16 0.50 1.56 2.02 0.09 0.12 2017/18 Est. Beginnin g Stock s Productio n Import s Domesti c Total Export s Endin g Stock s World 2/ 3.66 55.16 9.73 54.47 10.49 3.59 United States 0 . 7 8 1 0 . 7 80 . 1 59 . 7 01 . 1 10 . 9 0 Total Foreign 2.88 44.38 9.58 44.77 9.38 2.69 Major Exporters 3/ 0.74 18.61 0.33 12.25 6.55 0.88 Argentina 0.28 7.24 0.00 3.08 4.13 0.31 Brazil 0.29 8.54 0.05 6.94 1.51 0.42 European Union 0.16 2.84 0.28 2.23 0.90 0.16 Major Importers 4/ 1.21 18.22 5.00 23.31 0.27 0.86 China 0.67 16.13 0.48 16.50 0.21 0.57 India 0.43 1.39 2.98 4.62 0.01 0.17 North Africa 5/ 0.12 0.71 1.53 2.19 0.05 0.12 2018/19 Proj. Beginnin g Stock s Productio n Import s Domesti c Total Export s Endin g Stock s World 2/ Dec 3.73 57.54 10.74 57.05 11.23 3.73 Feb 3.59 57.07 10.74 56.31 11.32 3.77 United States Dec 0.90 10.90 0.14 10.07 1.00 0.87 Feb 0.90 11.09 0.14 10.16 1.02 0.95 Total Foreign Dec 2.82 46.64 10.60 46.98 10.23 2.86 Feb 2.69 45.98 10.61 46.15 10.30 2.82 Major Exporters 3/ Dec 0.91 19.74 0.25 12.52 7.45 0.93 Feb 0.88 19.76 0.25 12.42 7.50 0.98 Argentina Dec 0.31 8.39 0.00 3.28 5.10 0.32 Feb 0.31 8.42 0.00 3.13 5.15 0.45 Brazil Dec 0.45 8.20 0.05 6.99 1.35 0.36 Feb 0.42 8.20 0.05 7.04 1.35 0.28 European Union Dec 0.16 3.15 0.20 2.26 1.00 0.26 Feb 0.16 3.15 0.20 2.26 1.00 0.26 Major Importers 4/ Dec 0.94 19.02 5.84 24.65 0.22 0.93 Feb 0.86 18.32 5.84 23.93 0.22 0.86 China Dec 0.65 16.58 0.80 17.40 0.13 0.51 Feb 0.57 15.95 0.80 16.69 0.13 0.51 India Dec 0.17 1.69 3.40 4.95 0.01 0.31 Feb 0.17 1.62 3.40 4.95 0.01 0.24 North Africa 5/ Dec 0.12 0.75 1.64 2.30 0.09 0.12 Feb 0.12 0.75 1.64 2.30 0.09 0.12 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October-September year. 2/ Wo rld imports and exports may not balance due to differences in local marketing years and to time lags bet ween reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa. 5/ Algeria, Egypt, Moro cco, and Tunisia. February 2019 WASDE - 585 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef PorkRed Mea t 2/Broile r Turkey Total Poultry 3 /Red Meat & PoultryEgg Milk Million Pounds Mil doz Bil lbs 2017 Annual 26,187 25,584 51,991 41,662 5,981 48,178 100,169 8,808 215.5 2018 I 6,465 6,645 13,167 10,385 1,452 11,962 25,129 2,186 54.4 II 6,724 6,325 13,105 10,685 1,477 12,301 25,406 2,230 55.8 III 6,820 6,315 13,191 10,940 1,431 12,515 25,706 2,265 54.0 IV 6,855 7,035 13,948 10,525 1,530 12,189 26,137 2,315 53.4 Annual Dec Proj. 26,939 26,310 53,475 42,670 5,890 49,105 102,580 8,986 217.8 Feb Est. 26,864 26,320 53,410 42,535 5,890 48,967 102,377 8,996 217.6 2019 I* 6,490 6,755 13,304 10,500 1,465 12,092 25,396 2,235 54.7 II* 6,910 6,540 13,508 10,800 1,470 12,411 25,919 2,260 56.5 III* 7,155 6,720 13,930 11,050 1,460 12,652 26,582 2,290 54.5 IV* 7,055 7,325 14,438 10,750 1,520 12,406 26,844 2,345 54.4 Annual Dec Proj. 27,785 27,715 55,730 43,250 5,905 49,701 105,431 9,120 220.6 Feb Proj. 27,610 27,340 55,180 43,100 5,915 49,561 104,741 9,130 220.1 * Projection. 1/ Commercial pro duction for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & mu tton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/Barrows and gilts 3/Broilers 4/Turkeys 5/Eggs 6/Milk 7/ Dol./cw t Dol./cw t Cents/lb. Cents/lb. Cents/doz. Dol./cw t 2017 Annual 121.52 50.48 93.5 96.1 100.9 17.65 2018 I 125.60 49.12 95.7 79.4 179.6 15.67 II 116.72 47.91 115.1 79.6 124.4 16.10 III 110.83 43.90 93.7 80.4 120.8 16.00 IV 115.32 42.77 86.7 81.4 125.6 16.95-17.05 Annual Dec Proj. 116.91 45.86 97.5 80.2 137.6 16.15-16.25 Feb Est. 117.12 45.93 97.8 80.2 137.6 16.20 2019 I* 122-126 40-42 97-99 81-83 125-129 16.80-17.10 II* 119-127 43-45 102-108 80-84 112-118 16.80-17.40 III* 109-119 44-48 91-99 84-90 120-130 16.70-17.60 IV* 108-118 38-42 86-94 88-96 130-140 17.30-18.30 Annual Dec Proj. 114-122 41-44 92-99 81-88 119-128 16.40-17.20 Feb Proj. 115-122 41-44 94-100 83-88 122-129 16.90-17.60 *Projection. 1/ Simple average of months. 2/ 5-Area, Direct, To tal all grades 3/ National Base , Live equiv 51-52% lean. 4/ Who lesale, National Composite Weighted Aver age. 5/ 8-16 lbs , hens National . 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. February 2019 WASDE - 585 - 32 U.S. Meats Supply and Use Item Beginning stocksProduction 1/ Imports Total Supply ExportsEnding Stocks Total UsePer Capita 2/ 3/ Million Pounds /4 Beef 2017 757 26,250 2,993 30,000 2,860 649 26,492 56.9 2018 Est. Dec 649 27,002 3,004 30,654 3,190 685 26,779 57.1 Feb 649 26,927 2,994 30,569 3,180 685 26,704 56.9 2019 Proj. Dec 685 27,848 3,020 31,553 3,265 690 27,598 58.3 Feb 685 27,673 3,010 31,368 3,255 690 27,423 58.0 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2017 507 25,598 1,116 27,221 5,632 554 21,035 50.1 2018 Est. Dec 554 26,323 1,059 27,937 5,984 525 21,428 50.6 Feb 554 26,333 1,059 27,947 5,939 525 21,483 50.8 2019 Proj. Dec 525 27,729 1,060 29,314 6,450 560 22,304 52.3 Feb 525 27,354 1,060 28,939 6,300 560 22,079 51.7 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2017 1,304 52,078 4,361 57,744 8,497 1,246 48,000 108.2 2018 Est. Dec 1,246 53,563 4,341 59,150 9,180 1,261 48,709 109.1 Feb 1,246 53,498 4,328 59,072 9,125 1,256 48,691 109.0 2019 Proj. Dec 1,261 55,818 4,359 61,438 9,723 1,298 50,417 111.9 Feb 1,256 55,268 4,349 60,873 9,563 1,295 50,015 111.0 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2017 778 41,217 126 42,120 6,791 856 34,473 90.8 2018 Est. Dec 856 42,213 137 43,206 7,056 925 35,225 92.1 Feb 856 42,080 137 43,073 7,081 900 35,092 91.8 2019 Proj. Dec 925 42,787 137 43,849 7,085 895 35,869 93.0 Feb 900 42,639 137 43,676 7,145 895 35,636 92.4 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2017 279 5,981 25 6,284 622 310 5,352 16.4 2018 Est. Dec 310 5,890 21 6,220 596 300 5,324 16.2 Feb 310 5,890 21 6,220 606 300 5,314 16.2 2019 Proj. Dec 300 5,905 20 6,225 595 310 5,320 16.1 Feb 300 5,915 20 6,235 610 310 5,315 16.0 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2017 1,065 47,732 154 48,950 7,544 1,170 40,236 108.5 2018 Est. Dec 1,170 48,647 160 49,978 7,741 1,230 41,007 109.7 Feb 1,170 48,511 160 49,841 7,776 1,204 40,862 109.4 2019 Proj. Dec 1,230 49,238 161 50,629 7,784 1,212 41,633 110.4 Feb 1,204 49,099 161 50,464 7,859 1,212 41,393 109.8 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2017 2,369 99,810 4,515 106,694 16,041 2,416 88,237 216.8 2018 Est. Dec 2,416 102,210 4,501 109,128 16,921 2,491 89,716 218.8 Feb 2,416 102,009 4,488 108,913 16,901 2,460 89,552 218.4 2019 Proj. Dec 2,491 105,055 4,520 112,066 17,507 2,510 92,049 222.4 Feb 2,460 104,367 4,510 111,337 17,422 2,507 91,408 220.8 1/ Total including farm production for red meats and, for poult ry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis for red meat and broilers; certified ready-to -cook weight for turkey. 3/ Population source: Dept. of Comme rce. 4/ Carcass weight for red meats and certified ready-to -cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mat ure chicken. February 2019 WASDE - 585 - 33 U.S. Egg Supply and Use Commodity 2016 2017 2018 Proj. 2018 Est. 2019 Proj. 2019 Proj. Dec Feb Dec Feb Eggs Million Dozen Supply Beginning Stocks 7 3 . 6 1 4 2 . 28 7 . 58 7 . 57 0 . 07 9 . 0 Production 8,578.7 8,807.8 8,985.6 8,995.6 9,120.0 9,130.0 Imports 1 2 9 . 53 4 . 21 8 . 61 7 . 92 3 . 01 9 . 0 Total Supply 8,781.8 8,984.1 9,091.7 9,101.0 9,213.0 9,228.0 Use Exports 304.2 354.9 334.1 334.1 340.0 340.0 Hatching Use 1,009.6 1,034.9 1,059.2 1,059.2 1,085.0 1,085.0 Ending Stocks 1 4 2 . 28 7 . 57 0 . 07 9 . 08 0 . 08 0 . 0 Disappearance Total 7,325.8 7,506.9 7,628.4 7,628.7 7,708.0 7,723.0 Per Capita (number) 271.6 276.3 278.8 278.8 279.2 279.8 Total U.S. Milk Supply and Use Commodity 2016 2017 2018 Proj. 2018 Est. 2019 Proj. 2019 Proj. Dec Feb Dec Feb Milk Billion Pounds Production 212.4 215.5 217.8 217.6 220.6 220.1 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 12.3 12.7 13.4 13.4 14.1 13.7 Marketings 211.4 214.5 216.8 216.6 219.6 219.1 Imports 6.9 6.0 6.5 6.3 6.7 6.6 Total Cml. Supply 230.7 233.2 236.7 236.4 240.4 239.4 Fat Basis Use Commercial Exports 8.4 9.2 10.6 10.6 10.0 10.3 Ending Commercial Stocks 12.7 13.4 14.1 13.7 13.7 13.3 CCC Donations 0.0 0.0 0.0 0.0 0.3 0.3 Domestic Commercial Use 209.6 210.5 212.0 212.1 216.3 215.5 Skim-solid Basis Supply Beg. Commercial Stocks 9.2 9.5 11.8 11.8 10.7 11.2 Marketings 211.4 214.5 216.8 216.6 219.6 219.1 Imports 6.5 6.1 5.4 5.5 5.2 5.2 Total Cml. Supply 227.1 230.1 234.0 233.9 235.5 235.5 Skim-solid Basis Use Commercial Exports 39.1 40.7 45.2 44.8 44.1 44.6 Ending Commercial Stocks 9 . 51 1 . 81 0 . 71 1 . 21 0 . 41 1 . 1 CCC Donations 0.0 0.0 0.0 0.0 0.2 0.2 Domestic Commercial Use 178.5 177.6 178.0 177.9 180.9 179.6 Total Note: Totals may not add due to rounding. February 2019 WASDE - 585 - 34 U.S. Dairy Prices Commodity 2016 2017 2018 Proj. 2018 Est. 2019 Proj. 2019 Proj. Dec Feb Dec Feb Product Prices 1/ Dollars Pe r Pound Cheese 1.6050 1.6344 1.530- 1.5401.5377 1.495- 1.575 1.480- 1.550 Butter 2.0777 2.3303 2.240- 2.2702.2572 2.200- 2.310 2.230- 2.330 Nonfat Dry Milk 0.8292 0.8666 0.785- 0.8050.7945 0.835- 0.895 0.955- 1.015 Dry Whey 0.2875 0.4437 0.335- 0.3450.3422 0.405- 0.435 0.435- 0.465 Filler Dollars Pe r Cwt Milk Prices 2/ Class III 14.87 16.17 14.50- 14.6014.61 14.65- 15.45 14.70- 15.40 Class IV 13.77 15.16 14.10- 14.3014.23 14.40- 15.30 15.55- 16.35 All Milk 3/ 16.30 17.65 16.15- 16.2516.20 16.40- 17.20 16.90- 17.60 1/ Simple average of monthly prices calculated by AMS from wee kly average dairy produc t prices for class price computations. 2/ Annual Class III and Class IV prices are the s imple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the s imple average of monthly price s received by farmers for milk at av erage test. 3/ Does not refl ect any deductions from producers as authorized by legislation. February 2019 WASDE - 585 - 35 Reliability of February Projections 1/ Note: Tables on pages 35-37 present a record of the February projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forec ast will not be above or below the final estimate by more than 0.6 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 1 percent . The average difference between the February projection and th e final estimate is 2.5 million tons, ranging from 0 million to 7.3 million tons. The February projec tion has been below the estimate 28 times and above 9 times. Differences between foreca st and final estimate 90 percen t Years Commodity and Region Root mean square erro rconfidence interval Average Smalles t L a r g e s tBelow FinalAbove Final WHEAT Percen t Million Metric Tons Production Worl d 0.6 1.0 2.5 0.0 7.3 28 9 U.S. 0.1 0.3 0.1 0.0 0.3 15 11 Forei gn 0.7 1.1 2.5 0.0 7.3 28 9 Exports Worl d 4.8 8.1 4.7 0.1 18.8 28 9 U.S. 3.9 6.7 1.0 0.0 3.0 19 17 Forei gn 5.8 9.8 4.6 0.5 18.4 32 5 Domestic Use Worl d 1.0 1.7 4.6 0.1 15.6 17 20 U.S. 3.9 6.6 0.9 0.0 2.4 12 24 Forei gn 1.0 1.8 4.4 0.1 15.1 21 16 Endin g Stocks Worl d 4.6 7.9 5.7 0.1 18.2 25 12 U.S. 8.5 14.3 1.3 0.0 4.5 25 12 Forei gn 5.1 8.7 5.0 0.3 17.0 24 13 COARSE GRAINS 2/ Production Worl d 1.3 2.2 11.1 0.0 36.3 30 7 U.S. 0.2 0.3 0.1 0.0 1.3 17 7 Forei gn 1.9 3.2 11.2 0.0 36.3 28 8 Exports Worl d 6.0 10.1 5.8 0.5 27.7 29 8 U.S. 10.3 17.5 4.0 0.1 12.2 19 18 Forei gn 9.7 16.5 5.6 0.1 23.4 26 11 Domestic Use Worl d 1.1 1.9 8.0 0.1 31.3 19 18 U.S. 2.9 5.0 4.0 0.2 17.3 13 24 Forei gn 1.3 2.2 7.8 0.5 33.0 24 13 Endin g Stocks Worl d 11.2 19.0 15.2 0.2 139.8 32 5 U.S. 13.9 23.6 5.0 0.0 18.5 19 18 Forei gn 13.8 23.4 13.1 0.8 144.0 32 5 RICE , milled Production Worl d 1.6 2.7 4.5 0.1 14.0 29 8 U.S. 1.5 2.5 0.1 0.0 0.3 12 6 Forei gn 1.6 2.7 4.5 0.1 14.0 29 8 Exports Worl d 8.5 14.5 1.5 0.0 5.2 29 8 U.S. 7.7 13.0 0.2 0.0 0.6 19 16 Forei gn 9.5 16.1 1.4 0.0 5.0 28 9 Domestic Use Worl d 1.3 2.2 3.4 0.2 13.3 24 13 U.S. 7.2 12.2 0.2 0.0 0.5 15 22 Forei gn 1.3 2.2 3.4 0.1 13.0 24 13 Endin g Stocks Worl d 9.4 15.9 5.2 0.2 27.0 30 7 U.S. 19.2 32.6 0.2 0.0 0.5 20 16 Forei gn 9.6 16.3 5.2 0.0 26.9 30 6 1/ Footnotes at end of table. CONTINUED February 2019 WASDE - 585 - 36 Reliability of February Projections (Continued) 1/ Differences between foreca st and final estimate 90 percen t Years Commodity and Region Root mean square erro rconfidence interval Average Smalles t L a r g e s tBelow FinalAbove Final SOYBEANS Percent Million Metric Tons Production World 2.8 4.7 4.4 0.4 15.3 22 15 U.S. 1.3 2.2 0.6 0.0 2.5 16 15 Foreign 4.7 7.9 4.5 0.3 14.9 23 14 Exports World 6.2 10.5 2.8 0.1 12.0 25 12 U.S. 7.2 12.3 1.7 0.2 6.7 25 12 Foreign 15.6 26.5 2.4 0.0 11.6 18 19 Domestic Use World 2.3 3.8 3.1 0.0 10.9 20 17 U.S. 3.1 5.2 1.1 0.0 3.0 25 12 Foreign 2.7 4.6 2.7 0.0 12.5 20 17 Ending Stocks World 14.3 24.3 3.9 0.0 19.3 21 16 U.S. 41.2 70.0 2.0 0.1 6.9 10 27 Foreign 15.7 26.7 3.5 0.2 19.1 24 13 COTTON Million 480-Pound Bales Production World 2.4 4.1 1.8 0.0 5.4 27 10 U.S. 1.0 1.7 0.1 0.0 0.3 14 22 Foreign 2.9 4.9 1.8 0.1 5.7 27 10 Exports World 5.7 9.6 1.5 0.0 7.9 24 13 U.S. 10.3 17.4 0.7 0.0 2.2 21 15 Foreign 7.1 12.1 1.2 0.1 7.2 23 14 Domestic Use World 2.3 3.9 1.7 0.3 6.5 20 17 U.S. 4.5 7.7 0.2 0.0 0.9 22 14 Foreign 2.3 4.0 1.7 0.4 6.3 21 16 Ending Stocks World 9.5 16.1 3.5 0.0 8.9 22 14 U.S. 20.9 35.5 0.8 0.0 2.1 11 26 Foreign 10.4 17.6 3.4 0.1 9.3 24 13 1/ Marketing years 1981/82 through 2017/18 for grains, soybeans and cotton. Final for grains, soybeans and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2017/18. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. February 2019 WASDE - 585 - 37 Reliability of United States February Projections 1/ Differences between foreca st and final estimate 90 percen t Years Root mean square erro rconfidence interval Average Smalles t L a r g e s tBelow FinalAbove Final CORN Percent Million Bushels Production 0 . 2 0 . 330 4 122 Exports 10.9 18.5 144 9 388 17 20 Domestic Use 2.9 4.9 138 7 474 15 22 Ending Stocks 15.8 26.9 199 8 838 21 16 SORGHUM Production 0 . 1 0 . 200402 Exports 15.5 26.3 27 0 97 24 11 Domestic Use 14.8 25.2 31 1 178 16 21 Ending Stocks 42.0 71.3 24 1 148 13 24 BARLEY Production 0.7 1.3 1 0 11 16 4 Exports 21.3 36.2 6 0 35 12 21 Domestic Use 7.0 12.0 15 0 70 15 20 Ending Stocks 12.9 21.9 13 0 52 25 11 OATS Production 0 . 3 0 . 600244 Exports 5 1 . 1 8 6 . 710378 Domestic Use 5 . 2 8 . 81 1 13 61 52 2 Ending Stocks 17.1 29.0 12 1 47 21 16 SOYBEAN MEAL Thousand Short Tons Production 3.0 5.2 872 35 3,117 28 9 Exports 9.6 16.3 634 1 2,626 29 8 Domestic Use 2.6 4.4 565 7 2,066 22 15 Ending Stocks 35.7 60.6 69 0 253 16 19 SOYBEAN OIL Million Pounds Production 2.9 5.0 402 7 1,242 26 11 Exports 21.9 37.2 280 25 1,025 21 16 Domestic Use 3.0 5.1 369 0 1,261 24 12 Ending Stocks 19.4 33.0 282 25 1,131 22 15 ANIMAL PROD. Million Pounds Beef 2.9 4.9 587 9 1,613 24 12 Pork 3.0 5.1 379 10 1,717 22 14 Broilers 1.6 2.7 344 16 1,011 23 13 Turkeys 2.8 4.8 119 2 465 19 17 Million Dozen Eggs 1.8 3.1 95 6 525 22 14 Billion Pounds Milk 1.3 2.2 1.5 0.0 5.7 18 13 1/ See pages 35 and 36 for record of reliability for U.S. wheat , rice, soybeans, and cotton. M arketing years 1981/82 through 2017/18 for grains, soybeans, and cotton. Final for grains, soy beans, and cotton is defined a s the first November estimate following the marketing year for 1981/82 through 2017/18. Cale ndar years 1982 through 2017 for meats, eggs, and milk. Final for animal products is defined as the latest annua l production estimate published by NASS for 1982-2017. WASDE-585-38 Related USDA Reports The WASDE report incorporates information from a number of statistical r eports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Researc h Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oc e/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand bal ances by commodity for 190 cou ntries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequen tly. Foreign Production Assessments Preliminary foreign production assessments and s atellite imager y analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assess ment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric-Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ To subscribe to receive WA SDE-related notifications by email or tex t message visit https://public.govdelivery.com/ac counts/USDAOC/subscriber/new?topic_id=USDAOC_223. Previous WASDE reports are available at http://usda.mannlib.cornell.edu/ MannUsda/viewDocumentInfo.do?do cumentID=1194 For questions contact: Mirvat Sewadeh at 202-720-5447 or [email protected] World Agricultural Suppl y and Demand Estimates WASDE-585 – February 8, 2019 The U.S. Department of Agriculture (USDA) prohibits discriminat ion in all its programs and activities on the basis of race, color, national origin, gender , religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabiliti es who require alternative me ans for communication of program information (Braille, large print, audiotape, etc.) should cont act USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Of fice of Civil Rights, Room 326-W, Whitten Building, 1400 Independenc e Avenue, SW, Washington, D.C . 20250-9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 575 Approved by the World Agricultura l Outlook Board March 8, 2018 WHEAT: U.S. wheat exports for 2017/18 are reduced 25 million bushels to 925 million, while ending stocks are raised by the same amount. Exports are lowered on reduced price comp etitiveness in some international markets. Hard red winter wheat and hard red spring wheat exports are reduced 15 million bushels and 10 million bushels, respectively. The season- average farm price is raised $0.05 per bushel at the midpoint of the range to $4.65 on NASS prices reported to date and expectations of higher cash prices for the remainder of the marketing year, reflecting the ongoing drought in the Southern Plains. Global 2017/18 wheat supplies increased 0.5 million tons, primarily on a higher production forecast for Kazakhstan. World exports are raised fractionally with Russia increased 1.5 million tons, partially offset by a 1.0- million -ton reduction for the EU. Russia exports are now projected at 37.5 million tons, up 35 percent from the previous year’s record and surpassing EU exports by 12.5 million. Global imports are also raised, led by a 1.0- million - ton increase for Turkey, which is largely attributed to supplies from Russia. Total world consumption is reduced, primarily on a 2.0- million-ton reduction for India on reports of weakening demand from rising domestic prices. Despite the reduction, total India consumption is still up marginally from the previous year’s record. With global supplies rising and total demand falling, world ending stocks are raised 2.8 million tons to a record 268.9 million. COARSE GRAINS: This month’s 2017/18 U.S. corn outlook is for larger exports and increased corn used to produce ethanol . Corn used to produce ethanol is raised 50 million bushels to 5.575 billion based on the most recent data from the Grain Crushings and Co -Products Production report and pace of weekly ethanol production during February , as indicated by Energy Information Administration data. Exports are raised 175 million bushel s to 2.225 billion, reflecting U.S. price competitiveness, record -high outstanding sales, and reduced exports for Argentina. With no other use changes, ending stocks are lowered 225 million bushels to 2.127 billion, and if realized would be down from the prior marketing year. The projected range for the season- average corn price received by producers is narrowed 10 cents on the low end to $3.15 to $3.55 per bushel, with the midpoint up 5 cents to $3.35 per bushel. For sorghum, 2017/18 exports are lowere d 15 million bushels to 245 million based on expectations of reduced shipments to China. Offsetting is an increase in projected feed and residual use to 80 million bushels. The midpoint price forecast is unchanged at $3.15 per bushel. The global coarse grain production forecast for 2017/18 is virtually unchanged at 1,321.96 million metric tons. This month’s foreign coarse grain outlook is for nearly WASDE- 575-2 unchanged production, increased use, lower trade, and greater stocks relative to last month. Brazil corn production is down based on expectations of a more modest increase in second- crop corn area. For Argentina, continued heat and dryness during February and into early March reduces yield prospects for late -planted corn. Yield results for early - planted corn have also been lower than expected. South Africa corn production is higher as timely rains during reproduction support an increased yield forecast. Partially offsetting is lower expected area. Corn production is raised for India based on the latest information from the government. EU corn production is higher based on recent data for France and Germany. Sorghum production for Australia is down as a period of heat and dryness during the growing season has reduced yield prospects. Area is also reduced. Major global trade ch anges for 2017/18 this month include higher projected corn exports for the United States more than offsetting a reduction for Argentina. Sorghum exports are lowered for Australia, reflecting reduced exportable supplies. Corn and barley imports are raised for China, partially offset by lower imports of sorghum. Barley imports are lowered for Saudi Arabia, based on tenders to date and expectations of robust demand from China. Brazil 2016/17 exports for the local marketing year ending February 2018 are lowered based on data to date. Foreign corn ending stocks for 2017/18 are higher from last month, mostly reflecting increases for Brazil, India, and the EU. RICE : The 2017/18 U.S. rice supply and use estimates are unchanged relative to last month. The projec ted season- average farm price (SAFP) for all rice classes are unchanged at the midpoint. The SAFP for all rice is $12.50 per cwt at the midpoint of the range of $12.10 to $12.90. Global 2017/18 rice production is raised to a new record of 486.3 million tons, fractionally surpassing last year’s record. Almost all of the production increase is for India, where production is raised to 110.0 million tons, based on the India government updated data for 2017/18. The increase in India’s production more than offsets a reduction in Sri Lanka, where production is now below average for the second consecutive year. Global 2017/18 trade is raised to a record 47.3 million tons, mainly on higher exports expected from India with greater exportable supplies. World ending stocks are projected increasing to 143.1 million tons for 2017/18, w hich would match the second highest on recor d. China now holds over 66 percent of total stocks. OILSEEDS: U.S. soybean supply and use changes for 2017/18 include higher crush, lower exports, and increased ending stocks compared with last month’ s report. Soybean crush is raised 10 million bushels to 1,960 million with increased soybean meal exports. Soybean exports are reduced 35 million bu shels to 2,065 million with increased production and exports for Brazil. Soybean stocks are projected at 555 million bushels, up 25 million from last month. With increased crush, soybean oil production is raised. An increase in food use is more than off set by lower biodiesel use, leaving domestic disappearance lower this month. Lower biodiesel use reflects lower -than- expected soyoil -based biodiesel production through the first quarter of the marketing year. With increased production and lower use, soybean oil stocks are forecast higher. WASDE- 575-3 The season -average soybean price range forecast of $9.00 to $9.60 per bushel is unchanged at the midpoint. Soybean oil prices are forecast at 30 to 33 cents per pound, down 1 cent at the midpoint. Soybean meal pric es are projected at $325 to $355 per short ton, up $20.00 at the midpoint. Higher soybean meal prices reflect the impact of sharply lower soybean production in Argentina. Global oilseed production for 2017/18 is projected at 574 .5 million tons, down 4.1 million from last month. Argentina soybean production is forecast at 47.0 million tons, down 7.0 million from last month mainly due to lower projected yields resulting from dry conditions through much of the growing region in January and February. Brazil soybean production is raised 1.0 million tons to 11 3.0 million, reflecting the most recent report from the Brazilian government. Global rapeseed production is projected at 73.9 million tons, up 0.9 million with larger crops for China and Australia partly offset with a smaller crop projected for India. Other changes include higher sunflowerseed production for China and Kazakhstan, lower sunflowerseed production for Russia, and higher cottonseed production for Sudan. Global oilseed trade for 2017/18 is reduced 1.2 million tons mainly on lower soybean exports. Lower soybean exports forecast for Argentina, the United States, and Uruguay are only partly offset with a higher projection for Brazil. Global soybean crush is raised with higher crush projected for Brazil and the United States partly offset by lower crush in Argentina. Global soybean ending stocks are projected at 94 .4 million tons, down 3.7 million from last month. Reduced soybean stocks in Argentina and Brazil are only partly offset by an increase for the United States. SUGAR : U.S. cane sugar production is increased 10,000 short tons, raw value (STRV) to 4.021 million based on a processor report from Texas. Re-export imports for 2017/18 are increased by 150,000 STRV to 400,000 based on pace to date. Exports for 2017/18 are increased by 50,000 STR V to 150,000. Ending stocks for 2017/18 are residually projected at 1.953 million STRV, implying a stocks -to-use ratio of 15.5 percent, up from last month’s 14.6 percent. Mexico sugar production for 2017/18 is decreased by 50,000 metric tons (MT) to 6.050 million due to lower sugarcane area. Imports are increased 35,000 MT to 170,000 based on increased pace to date reported by the Comité Nacional Para El Desarrollo Sustentable de la Caña de Azúcar (CONADESUCA) through the end of Janu ary 2018. According to CONADESUCA, the increase reflects imports for consumption of sugar sourced from the United States. The projection of Mexico sugar exports to the United States is raised by 984 MT , reflecting sugar that was exported under a 2016/17 export li cense but recorded by the U.S. Census Bureau as imported in 2017/18. The 2017/18 Export Limit previously established by the U.S. Department of Commerce exceeds the projected Target Quantity of U.S. Sugar Needs calculated from the March 2018 WASDE . Unchanged ending stocks are projected at 22.0 percent of consumption to meet needs before the start of production in 2018/19. Exports to non- U.S. destinations are residually projected at 260,997 MT, a decrease of 15,984 from last month. WASDE- 575-4 LIVESTOCK, POULTRY, AND DAIRY : The 2018 forecast for total red meat and poultry production is fractionally lower than last month, as lower beef production more than offsets higher pork and turkey production. Broiler production is unchanged. The beef production forecast is reduced from t he previous month on lower first -quarter slaughter and lower weights. However, the decline is offset somewhat by higher second- quarter fed beef production and higher non- fed beef production during the first half of the year. Pork production is lowered for the first half of the year on a slower pace of slaughter, but higher carcass weights are expected and second- half production is increased. USDA will release the Quarterly Hogs and Pigs report on March 29th, providing an indication of producer intentions for farrowin gs in the next two quarters. First -quarter egg production is reduced on recent hatchery data. Estimates of 2017 broiler , turkey meat , and egg supply and utilization are adjusted to reflect revised annual production and storage summary data. For 2018, beef imports are raised as early -year demand remains robust. No change is made to beef exports. The pork import forecast is rai sed on expected demand strength. Expo rt forecasts are also raised from last month. Broiler exports are unchanged, but turkey exports are reduced slightly on weaker expected demand in key markets. Cattle and hog prices for the first quarter of 2018 are raised from last month on curre nt price movements. The second- quarter broiler price forecast is raised from last month on stronger expected demand. Turkey prices are reduced through the third quarter on the continued slow recovery in demand. Egg price forecasts are raised on robust demand. The milk production forecast for 2018 is raised from last mont h on more rapid growth in milk per cow in the first half of the year. The 2018 imports on a fat and skim -solids basis are reduced on slower sales of a number of processed dairy products. Exports on fat basis are raised on increased cheese sales and exports on a skim -solids basis are raised on stronger sales of both cheese and whey products. The supply and use estimates are adjusted to reflect revisions to 2016 and 2017 milk production and 2017 storage data. Annual product price forecasts for cheese and butter are raised from the previous month as recent prices have i ncreas ed. However, continued large supplies of nonfat dry milk (NDM) are expected to pressure NDM prices , and the forecast is reduced. No change is made to the annual whey price for ecast. The Class III price is raised on the cheese price projection, while the Class IV price is down, as the lower NDM price more than offsets a higher butter price forecast. The all milk price is forecast at $15.75 to $16 .35 per cwt, unchanged at the mi dpoint. COTTON : This month’ s 2017/18 U.S. cotton forecasts show lower production, higher exports, and lower ending stocks relative to last month. Production is reduced 233,000 bales to 21.0 million, based on the March 8 Cotton Ginnings report. The final estima tes for this season’ s U.S. area, yield, and production will be published in the May 2018 Crop Production report. Domestic mill use is unchanged from last month, but exports are raised 300,000 bales to 14.8 million, based on stronger world demand and expect ations of above- average shipments during the second half of the marketing year. Ending stocks are lowered 500,000 bales to 5.5 million. The projected range for the marketing year WASDE- 575-5 average price received by producers of 68.0 to 70.0 cents per pound is narr owed by 1 cent at each end from last month. The forecast for 2017/18 global production is raised nearly 600,000 bales this month due to revisions in Sudan’ s estimates back to 2013/14 and higher area in Australia, partially offset by smaller crops in the United States and Uzbekistan. Sudan’ s 2017/18 forecast is raised 730,000 bales based on reports of new technology and investment , and Australia’ s production is raised 300,000 bales following reports area previously forecast for sorghum was pla nted to cotton. World consumption is raised slightly, while world trade is fo recast 600,000 bales higher , as higher expected imports by Turkey, Bangladesh, China, and Vietnam more than offset a decline for Taiwan. World ending stocks are now projected at 88.8 million bales, nearly 300,000 bales above last month. Approved by the Secretary of Agriculture and t he Chairman of the World Agricultural Outlook Board, Seth D. Meyer , (202) 720 -6030. This report was prepared by the Interagency Commodity Estimat es Committees. APPROVED BY : ROBERT JOHANSSON SECRETARY OF AGRICULTURE DESIGNATE WASDE- 575-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers , ICEC Chair, WAOB, E -mail: wchambers @oce.usda.gov Jennifer Bond, ERS; Andrew Sowell, F AS; Pete Riley, FSA . Rice: William Chambers , ICEC Chair, WAOB, E-mail: wchambers @oce.usda.gov Nathan Childs, ERS; Rachel Trego, FAS; Sherrie Grimm, FSA. Feed Grains: Michael Jewison , ICEC Chair, WAOB, E-mail: [email protected] Tom Capehart, ERS; Yoonhee Macke , FAS; Thomas Gajnak , FSA . Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail: [email protected] Mark Ash, ERS; Bill George, FAS; Susan Proper, FSA . Cotton: Stephen MacDonald, ICEC Chair, WAOB, E -mail: [email protected] Leslie Meyer, ERS; James Johnson, FAS; Erik Dohlman , FSA . Sugar: Stephen Haley , ICEC Chair, WAOB, E -mail: shaley @oce.usda.gov Michael McConnell, ERS; Ro n Lord, FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] ov Sherry Wise, AMS; Mildred Haley, ERS; Lindsay Kuberka, FAS; Ryan Pfirrmann- Powell, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Larry Haller, AMS; Sean Ramos, ERS; Claire Mezoughem , FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E -mail: [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Milton Madison, FSA. In 2018, the WASDE report will be released on Apr 10, May 10, Jun 12, Jul 12, Aug 10, Sep 12, Oct 11, Nov 8, a nd Dec 11. WASDE- 575-7 T A B L E OF C O N T E N T S Page Highlights ................................ ................................ ................................ ............. 1 Interagency Commodity Estimates Committees ................................ .................... 6 World & U.S. Supply & Use for Grains ................................ ................................ .. 8 World & U.S. Supply & Use for Cotton ................................ ................................ .. 9 World & U.S. Supply & Use for Oilseeds ................................ ............................ 10 U.S. Wheat Supply & Use ................................ ................................ .................. 11 U.S. Wheat Supply & Use by Class ................................ ................................ .... 11 U.S. Feed Grain & Corn Supply & Use ................................ ............................... 12 U.S. Sorghum, Barley & Oats Supply & Use ................................ ....................... 13 U.S. Rice Supply & Use ................................ ................................ ..................... 14 U.S. Soybeans & Products Supply & Use ................................ ........................... 15 U.S. Sugar Supply & Use ................................ ................................ ................... 16 Mexico Sugar Supply and Use ................................ ................................ ........... 16 U.S. Cott on Supply & Use ................................ ................................ .................. 17 World Wheat Supply & Use ................................ ................................ ................ 18 World Coarse Grains Supply & Use ................................ ................................ .... 20 World Corn Supply & Use ................................ ................................ .................. 22 World Rice Supply & Use ................................ ................................ ................... 24 World Cotton Supply & Use ................................ ................................ ................ 26 World Soybean Supply & Use ................................ ................................ ............ 28 World Soybean Meal Supply & Use ................................ ................................ .... 29 World Soybean Oil Supply & Use ................................ ................................ ....... 30 U.S. Quarterly Animal Product Production ................................ .......................... 31 U.S. Quarterly Prices for Animal Products ................................ .......................... 31 U.S. Meats Supply and Use ................................ ................................ ............... 32 U.S. Egg Supply & Use ................................ ................................ ...................... 33 U.S. Milk Supply and Use ................................ ................................ .................. 33 U.S. Dairy Prices ................................ ................................ ............................... 34 Reliability Tables ................................ ................................ ................................ 35 Related USDA Reports ................................ ................................ ...................... 38 Metric Co nversion Factors ................................ ................................ ................. 38 Electronic Access and Subscriptions ...................................................................... 40 March 2018 WASDE - 575 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2015/16 2468.58 3061.58 376.64 2434.81 626.77 2016/17 (Est.) 2601.38 3228.15 428.31 2573.88 654.26 filler filler filler filler filler 2017/18 (Proj.) Feb 2564.51 3217.04 420.71 2580.11 636.93 2017/18 (Proj.) Mar 2567.01 3221.28 422.93 2583.31 637.97 filler filler filler filler filler Wheat 2015/16 735.21 953.10 172.84 711.61 241.49 2016/17 (Est.) 750.51 992.00 183.28 739.39 252.60 filler filler filler filler filler 2017/18 (Proj.) Feb 758.25 1010.89 181.69 744.79 266.10 2017/18 (Proj.) Mar 758.79 1011.39 182.03 742.50 268.89 filler filler filler filler filler Coarse Grains 5/ 2015/16 1260.44 1507.65 163.46 1255.09 252.56 2016/17 (Est.) 1364.72 1617.28 198.28 1352.91 264.38 filler filler filler filler filler 2017/18 (Proj.) Feb 1321.94 1584.58 192.18 1354.54 230.04 2017/18 (Proj.) Mar 1321.96 1586.34 193.56 1360.32 226.02 filler filler filler filler filler Rice, milled 2015/16 472.94 600.83 40.34 468.11 132.72 2016/17 (Est.) 486.15 618.87 46.75 481.58 137.29 filler filler filler filler filler 2017/18 (Proj.) Feb 484.33 621.57 46.84 480.78 140.79 2017/18 (Proj.) Mar 486.26 623.55 47.34 480.49 143.06 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2015/16 429.26 506.00 81.75 348.12 76.14 2016/17 (Est.) 472.56 556.09 96.92 363.41 95.76 filler filler filler filler filler 2017/18 (Proj.) Feb 437.29 541.63 87.85 363.24 90.54 2017/1 8 (Proj.) Mar 437.29 541.46 91.26 364.86 85.34 filler filler filler filler filler Wheat 2015/16 56.12 79.66 21.17 31.94 26.55 2016/17 (Est.) 62.83 92.60 28.72 31.75 32.13 filler filler filler filler filler 2017/18 (Proj.) Feb 47.37 83.72 25.86 30.40 27.47 2017/18 (Proj.) Mar 47.37 83.72 25.17 30.40 28.15 filler filler filler filler filler Coarse Grains 5/ 2015/16 367.01 417.89 57.18 312.60 48.11 2016/17 (Est.) 402.61 454.15 64.50 327.48 62.17 filler filler filler filler filler 2017/18 (Proj.) Feb 384.26 450.00 58.82 329.03 62.15 2017/18 (Proj.) Mar 384.26 449.83 62.91 330.65 56.27 filler filler filler filler filler Rice, milled 2015/16 6.13 8.45 3.40 3.58 1.48 2016/17 (Est.) 7.12 9.34 3.70 4.17 1.46 filler filler filler filler filler 2017/18 (Proj.) Feb 5.66 7.91 3.18 3.81 0.93 2017/18 (Proj.) Mar 5.66 7.91 3.18 3.81 0.93 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual co mmodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). March 2018 WASDE - 575 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2015/16 2,039.33 2,555.57 294.89 2,086.69 550.63 2016/17 (Est.) 2,128.82 2,672.06 331.39 2,210.48 558.51 filler filler filler filler filler 2017/18 (Proj.) Feb 2,127.23 2,675.41 332.86 2,216.87 546.39 2017/18 (Proj. ) Mar 2,129.73 2,679.82 331.68 2,218.45 552.63 filler filler filler filler filler Wheat 2015/16 679.09 873.44 151.67 679.67 214.94 2016/17 (Est.) 687.67 899.39 154.57 707.64 220.47 filler filler filler filler filler 2017/18 (Proj.) Feb 710.88 927.16 155.84 714.39 238.63 2017/18 (Proj.) Mar 711.42 927.67 156.86 712.10 240.74 filler filler filler filler filler Coarse Grains 5/ 2015/16 893.43 1,089.76 106.28 942.49 204.45 2016/17 (Est.) 962.11 1,163.13 133.78 1,025.43 202.21 filler filler filler filler filler 2017/18 (Proj.) Feb 937.68 1,134.58 133.36 1,025.52 167.89 2017/18 (Proj.) Mar 937.71 1,136.51 130.66 1,029.67 169.75 filler filler filler filler filler Rice, milled 2015/16 466.81 592.38 36.95 464.53 131.24 2016/17 (Est.) 479.04 609.53 43.04 477.41 135.82 filler filler filler filler filler 2017/18 (Proj.) Feb 478.67 613.66 43.66 476.97 139.87 2017/18 (Proj.) Mar 480.60 615.64 44.16 476.67 142.14 filler filler filler filler filler 1/ Aggre gate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum , barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2015/16 96.20 207.25 35.07 112.30 95.32 2016/17 (Es t.) 106.80 202.12 37.33 114.81 87.70 filler filler filler filler filler 2017/18 (Proj.) Feb 121.37 209.03 38.22 120.50 88.55 2017/18 (Proj.) Mar 121.94 209.64 38.83 120.79 88.85 filler filler filler filler filler United States 2015/16 12.89 16.57 9.15 3.45 3.80 2016/17 (Est.) 17.17 20.98 14.92 3.25 2.75 filler filler filler filler filler 2017/18 (Proj.) Feb 21.26 24.02 14.50 3.35 6.00 2017/18 (Proj.) Mar 21.03 23.79 14.80 3.35 5.50 filler filler filler filler filler Foreign 4/ 2015/16 83.31 190.68 25.92 108.85 91.52 2016/17 (Est.) 89.63 181.14 22.41 111.56 84.95 filler filler filler filler filler 2017/18 (Proj.) Feb 100.11 185.01 23.72 117.15 82.55 2017/18 (Proj.) Mar 100.91 185.85 24.03 117.44 83.35 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal t o world minus United States. See global cotton tables for treatment of export/import imbalance s. March 2018 WASDE - 575 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2015/16 521.53 615.06 153.28 446.41 90.97 2016/17 (Est.) 575.30 666.27 170.62 470.89 108.64 filler filler filler filler filler 2017/18 (Proj.) Feb 578.62 686.63 175.85 487.47 110.43 2017/18 (Proj.) Mar 574.50 683.14 174.66 489.19 107.30 filler filler filler filler filler Oilme als 2015/16 306.43 323.77 86.89 303.82 16.18 2016/17 (Est.) 322.31 338.49 88.30 318.90 15.67 filler filler filler filler filler 2017/18 (Proj.) Feb 333.67 349.55 91.06 331.20 14.19 2017/18 (Proj.) Mar 335.29 350.96 90.84 332.11 14.67 filler filler filler filler filler Vegetable Oils 2015/16 176.92 201.36 73.56 177.67 20.75 2016/17 (Est.) 189.11 209.85 80.93 184.43 19.95 filler filler filler filler filler 2017/18 (Proj.) Feb 197.12 216.52 81.11 190.83 20.72 2017/18 (Proj.) Mar 197.78 217.73 81.03 191.63 21.21 filler filler filler filler filler United States Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2015/16 115.88 123.76 53.96 55.05 6.87 2016/17 (Est.) 126.93 135.30 60.28 56.26 9.60 filler filler filler filler filler 2017/18 (Proj.) Feb 131.31 142.35 58.41 57.58 16.23 2017/18 (Proj.) Mar 131.31 142.33 57.46 57.78 16.92 filler filler filler filler filler Oilmeals 2015/16 42.78 47.15 11.18 35.69 0.28 2016/17 (Est.) 43.11 47.31 10.83 36.07 0.41 filler filler filler filler filler 2017/18 (Proj.) Feb 44.33 48.44 11.41 36.71 0.33 2017/18 (Proj.) Mar 44.46 48.57 11.59 36.66 0.33 filler filler filler filler filler Vegetable Oils 2015/16 11.21 17.03 1.25 14.58 1.20 2016/17 (Est.) 11.43 17.37 1.42 14.72 1.23 filler filler filler filler filler 2017/18 (Proj.) Feb 11.60 17.69 1.10 15.48 1.11 2017/18 (Proj.) Mar 11.64 17.76 1.10 15.45 1.20 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2015/16 405.65 491.30 99.32 391.36 84.10 2016/17 (Est.) 448.36 530.96 110.34 414.63 99.04 filler filler filler filler filler 2017/18 (Proj.) Feb 447.31 544.28 117.44 429.89 94.19 2017/18 (Proj.) Mar 443.19 540.81 117.20 431.41 90.39 filler filler filler filler filler Oilmeals 2015/16 263.65 276.62 75.71 268.13 15.90 2016/17 (Est.) 279.20 291.18 77.47 282.83 15.26 filler filler filler filler filler 2017/18 (Proj. ) Feb 289.34 301.10 79.65 294.49 13.86 2017/18 (Proj.) Mar 290.83 302.38 79.25 295.45 14.34 filler filler filler filler filler Vegetable Oils 2015/16 165.71 184.34 72.32 163.10 19.55 2016/17 (Est.) 177.67 192.49 79.51 169.71 18.72 filler filler filler filler filler 2017/18 (Proj.) Feb 185.52 198.83 80.01 175.35 19.62 2017/18 (Proj.) Mar 186.14 199.98 79.93 176.18 20.01 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. March 2018 WASDE - 575 - 11 U.S. Wheat Supply and Use 1/ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Feb Mar Million Acres Area Planted 55.0 50.1 46.0 46.0 Area Harvested 47.3 43.9 37.6 37.6 Bushels Yield per Harvested Acre 43.6 52.7 46.3 46.3 Million Bushels Beginning Stocks 752 976 1,181 1,181 Production 2,062 2,309 1,741 1,741 Imports 113 118 155 155 Supply, Total 2,927 3,402 3,076 3,076 Food 957 949 955 955 Seed 67 61 62 62 Feed and Residual 149 156 100 100 Domestic, Total 1,174 1,167 1,117 1,117 Exports 778 1,055 950 925 Use, Total 1,951 2,222 2,067 2,042 Ending Stocks 976 1,181 1,009 1,034 Avg. Farm Price ($/bu) 2/ 4.89 3.89 4.55 - 4.65 4.60 - 4.70 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2016/17 (Est.) Beginning Stocks 446 272 157 74 28 976 Production 1,082 491 345 286 104 2,309 Supply, Total 3/ 1,533 805 535 368 162 3,402 Domestic Use 489 249 228 99 101 1,167 Exports 455 321 92 163 24 1,055 Use, Total 943 570 320 263 126 2,222 Ending Stocks, Total 589 235 215 105 36 1,181 2017/18 (Proj.) Beginning Stocks 589 235 215 105 36 1,181 Production 750 385 292 258 55 1,741 Supply, Total 3/ 1,347 694 527 370 138 3,076 Domestic Use 457 274 209 94 83 1,117 Exports 380 235 90 200 20 925 Use, Total 837 509 299 294 103 2,042 Ending Stocks, Total Mar 510 185 228 76 35 1,034 Ending Stocks, Total Feb 494 176 228 76 35 1,009 Note: Totals may not add due to rounding. 1/ Marketing year begi nning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. March 2018 WASDE - 575 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Feb Mar Million Acres Area Planted 103.2 106.6 100.9 100.9 Area Harvested 93.0 96.5 90.5 90.5 Metric Tons Yield per Harvested Acre 3.94 4.17 4.24 4.24 Million Metric Tons Beginning Stocks 46.9 48.1 62.1 62.1 Production 366.7 402.3 384.0 384.0 Imports 3.7 3.3 3.4 3.2 Supply, Total 417.4 453.6 449.5 449.4 Feed and Residual 135.2 144.6 145.0 145.3 Food, Seed & Industrial 176.9 182.4 183.6 184.9 Domestic, Total 312.1 327.0 328.6 330.2 Exports 57.2 64.5 58.8 62.9 Use, Total 369.3 391.5 387.4 393.1 Ending Stocks 48.1 62.1 62.1 56.3 CORN 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. February March Million Acres Area Planted 88.0 94.0 90.2 90.2 Area Harvested 80.8 86.7 82.7 82.7 Bushels Yield per Harvested Acre 168.4 174.6 176.6 176.6 Million Bushels Beginning Stocks 1,731 1,737 2,293 2,293 Production 13,602 15,148 14,604 14,604 Imports 68 57 50 50 Supply, Total 15,401 16,942 16,947 16,947 Feed and Residual 5,114 5,473 5,550 5,550 Food, Seed & Industrial 2/ 6,648 6,882 6,995 7,045 Ethanol & by -products 3/ 5,224 5,432 5,525 5,575 Domestic, Total 11,763 12,356 12,545 12,595 Exports 1,901 2,293 2,050 2,225 Use, Total 13,664 14,649 14,595 14,820 Ending S tocks 1,737 2,293 2,352 2,127 Avg. Farm Price ($/bu) 4/ 3.61 3.36 3.05 - 3.55 3.15 - 3.55 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of F SI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data -products/feed -grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by -products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing - year weighted average price received by farmers. March 2018 WASDE - 575 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Feb Mar Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 8.5 6.7 5.6 5.6 Area Harvested (mil. acres) 7.9 6.2 5.0 5.0 Yield (bushels/acre) 76.0 77.9 72.1 72.1 Beginning Stocks 18 37 33 33 Production 597 480 364 364 Imports 5 2 2 2 Supply, Total 620 519 399 399 Feed and Residual 107 130 65 80 Food, Seed & Industrial 137 115 50 50 Total Domestic 244 245 115 130 Exports 340 241 260 245 Use, Total 583 485 375 375 Ending Stocks 37 33 24 24 Avg. Farm Price ($/bu) 2/ 3.31 2.79 2.90 - 3.40 2.95 - 3.35 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. February March Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mi l. acres) 3.6 3.1 2.5 2.5 Area Harvested (mil. acres) 3.2 2.6 2.0 2.0 Yield (bushels/acre) 69.1 77.9 72.6 72.6 Beginning Stocks 79 102 106 106 Production 218 200 142 142 Imports 19 10 15 15 Supply, Total 315 312 263 263 Feed and Residual 44 39 35 35 Food, Seed & Industrial 158 162 162 162 Total Domestic 202 201 197 197 Exports 11 4 5 6 Use, Total 213 205 202 203 Ending Stocks 102 106 61 60 Avg. Farm Price ($/bu) 2/ 5.52 4.96 4.15 - 4.75 4.20 - 4.70 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. February March Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.1 2.8 2.6 2.6 Area Harvested (mil. acres) 1.3 1.0 0.8 0.8 Yield (bushels/acre) 70.2 66.0 61.7 61.7 Beginning Stocks 54 57 50 50 Production 90 65 49 49 Imports 86 90 100 90 Supply, Total 229 212 200 190 Feed and Residual 94 82 90 90 Food, Seed & Industrial 77 76 78 78 Total Domestic 170 158 168 168 Exports 2 3 2 2 Use, Total 172 162 170 170 Ending Stocks 57 50 30 20 Avg. Farm Price ($/bu) 2/ 2.12 2.06 2.50 - 2.70 2.55 - 2.75 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Ma rketing -year weighted average price received by farmers. March 2018 WASDE - 575 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2015/16 2016/17 Est. 2017/18 Proj. 2017/1 8 Proj. Feb Mar Million Acres Area Planted 2.63 3.15 2.46 2.46 Area Harvested 2.59 3.10 2.37 2.37 Fil ler Pounds Yield per Harvested Acre 7,472 7,237 7,507 7,507 Million Hundredweight Beginning Stocks 2/ 48.5 46.5 46.0 46.0 Produc tion 193.1 224.1 178.2 178.2 Imports 24.1 23.5 24.9 24.9 Supply, Total 265.8 294.1 249.2 249.2 Domestic & Residual 3/ 112.4 131.4 120.0 120.0 Exports, Total 4/ 107.0 116.7 100.0 100.0 Rough 39.3 42.5 34.0 34.0 Milled (rough equiv.) 67.7 74.2 66.0 66.0 Use, Total 219.3 248.0 220.0 220.0 Ending Stocks 46.5 46.0 29.2 29.2 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 12.20 10.40 12.10 - 12.90 12.10 - 12.90 Total LONG -GRAIN RICE 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. February March Harvested Acres (mil.) 1.85 2.40 1.75 1.75 Yield (pounds/acre) 7,219 6,927 7,314 7,314 Beginning Stocks 26.5 22.7 31.0 31.0 Production 133.4 166.5 127.9 127.9 Supply, Total 7/ 180.7 209.4 180.4 180.4 Domestic & Residual 3/ 82.1 99.7 93.0 93.0 Exports 8/ 75.9 78.7 71.0 71.0 Use, Total 158.0 178.4 164.0 164.0 Ending Stocks 22.7 31.0 16.4 16.4 Avg. Farm Price ($/cwt) 6/ 11.20 9.61 11.30 - 12.10 11.40 - 12.00 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. February March Harvested Acres (mil.) 0.74 0.69 0.63 0.63 Yield (pounds/acre) 8,107 8,311 8,048 8,048 Beginning Stocks 20.2 20.9 11.5 11.5 Production 59.7 57.7 50.4 50.4 Supply, Total 7/ 82.2 81.1 65.3 65.3 Domestic & Residual 3/ 30.3 31.7 27.0 27.0 Exports 8/ 31.0 37.9 29.0 29.0 Use, Total 61.3 69.6 56.0 56.0 Ending Stocks 20.9 11.5 9.3 9.3 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 15.30 13.10 14.60 - 15.40 14.60 - 15.40 California 10/ 18.10 14.10 15.50 - 16.50 15.50 - 16.50 Other States 1/ 11.20 10.10 11.50 - 12.30 11.60 - 12.20 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Tota ls may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broken kernel r ice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2015/16 -2.9; 2016/17 -2.9; 2017/18 -2.9. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and endin g stocks. 4/ Includes rough rice and milled rice exports. Milled rice ex ports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farmers. 7/ I ncludes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is m arketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.65 per cwt from 2008/09 -2013/14, with a high of $3.50 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. March 2018 WASDE - 575 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Feb Mar Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 82.7 83.4 90.1 90.1 Area Harvested 81.7 82.7 89.5 89.5 Fil ler Bushels Yield per Harvested Acre 48.0 52.0 49.1 49.1 Million Bushels Beginning Stocks 191 197 302 302 Production 3,926 4,296 4,392 4,392 Imports 24 22 25 25 Supply, Total 4,140 4,515 4,718 4,718 Crushings 1,886 1,901 1,950 1,960 Exports 1,942 2,174 2,100 2,065 Seed 97 105 106 106 Residual 18 34 33 33 Use, Total 3,944 4,213 4,188 4,163 Ending Stocks 197 302 530 555 Avg. Farm Price ($/bu) 2/ 8.95 9.47 8.90 - 9.70 9.00 - 9.60 Total SOYBEAN OIL 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. February March Filler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,855 1,687 1,711 1,711 Production 4/ 21,950 22,123 22,525 22,640 Imports 287 319 300 300 Supply, Total 24,092 24,129 24,536 24,651 Domestic Disappearance 20,162 19,862 21,100 21,000 Biodiesel 3/ 5,670 6,200 7,500 7,200 Food, Feed & other Industrial 14,492 13,661 13,600 13,800 Exports 2,243 2,556 1,900 1,900 Use, Total 22,405 22,418 23,000 22,900 Ending stocks 1,687 1,711 1,536 1,751 Avg. Price (c/lb) 2/ 29.86 32.48 31.00 - 34.00 30.00 - 33.00 Total SOYBEAN MEAL 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. February March Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 260 264 401 401 Production 4/ 44,672 44,787 46,099 46,299 Import s 403 349 300 300 Supply, Total 45,336 45,400 46,800 47,000 Domestic Disappearance 33,118 33,399 34,300 34,300 Exports 11,954 11,601 12,200 12,400 Use, Total 45,072 45,000 46,500 46,700 Ending Stocks 264 401 300 300 Avg. Price ($/s.t.) 2/ 324.56 316.88 305.00 - 335.00 325.00 - 355.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: s oybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only bio diesel made from methyl ester as reported by the U.S. Energy In formation Administration. 4/ Based on an October year crush of 1,908 million bushels for 2016/17 and 1,960 million bushels for 2017/18. March 2018 WASDE - 575 - 16 U.S. Sugar Supply and Use 1/ 2015/16 2016/17 Est . 2017/18 Proj. 2017/18 Proj. Feb Mar Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,815 2,054 1,876 1,876 Production 2/ 8,989 8,969 9,230 9,240 Beet Sugar 5,119 5,103 5,219 5,219 Cane Sugar 3,870 3,866 4,011 4,021 Florida 2,173 2,055 1,992 1,992 Hawaii 152 43 0 0 Louisiana 1,428 1,628 1,859 1,859 Texas 116 140 160 170 Imports 3,341 3,244 3,316 3,467 TRQ 3/ 1,620 1,611 1,788 1,788 Other Program 4/ 396 419 250 400 Other 5/ 1,325 1,213 1,278 1,279 Mexico 1,309 1,201 1,268 1,269 Total Supply 14,145 14,267 14,422 14,583 Exports 74 95 100 150 Deliveries 12,051 12,258 12,480 12,480 Food 6/ 11,881 12,102 12,325 12,325 Other 7/ 170 156 155 155 Miscellaneous -33 38 0 0 Total Use 12,091 12,391 12,580 12,630 Ending Stocks 2,054 1,876 1,842 1,953 Stocks to Use Ratio 17.0 15.1 14.6 15.5 Total 1/ Fiscal years beginning Oct 1. Historical data are from FS A "Sweetener Market Data" (SMD). 2/ Production projections for 2016/17 and 2017/18 are based on Crop Production and processor projections where appropriate. 3/ For 2017/18, WTO raw sugar TRQ shortfall (183). For 2016/17, WTO raw sugar TRQ shortfall is undefined because of 13th month rollover into 2017/18. 4/ Includes sugar under the re -export and polyhydric alcohol programs. 5/ For 2015/16, other high- tier (16) and other (0). For 2016/17, other high- tier (12) and other (0). For 2017/18, other high- tier (10) and other (0). 6/For 2014/15, combines SMD deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar -containing products for reexport, and for nonedible alcohol, feed, and ethanol. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2016/17 Est. Feb 1,037 5,957 93 4,851 1,234 1,002 2016/17 Est. Mar 1,037 5,957 93 4,851 1,234 1,002 2017/18 Proj. Feb 1,002 6,100 135 4,886 1,362 989 2017/18 Proj. Mar 1,002 6,050 170 4,886 1,347 989 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): Estimated Oct -Sep 2016/17 = 1,522, projected 2017/18 = 1,608; Oc t - Jan 2016/17 = 470, Oct - Jan 2017/18 = 513. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Y ear Statistical Adjustments. IMMEX: 2016/17 (397 est), 2017/18 (390 proj). Other Deliveries/Ending Year Statistical Adjustments: 2015/16 ( -10), 2016/17 ( -61), 2017/18 (0). March 2018 WASDE - 575 - 17 U.S. Cotton Supply and Use 1/ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Feb Mar Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 8.58 10.07 12.61 12.61 Harvested 8.07 9.51 11.35 11.35 Fil ler Pounds Yield per Harvested Acre 766 867 899 889 Million 480 Pound Bales Beginning Stocks 3.65 3.80 2.75 2.75 Production 12.89 17.17 21.26 21.03 Imports 0.03 0.01 0.01 0.01 Supply, Total 16.57 20.98 24.02 23.79 Domestic Use 3.45 3.25 3.35 3.35 Exports, Total 9.15 14.92 14.50 14.80 Use, Total 12.60 18.17 17.85 18.15 Unaccounted 2/ 0.17 0.06 0.17 0.14 Ending Stocks 3.80 2.75 6.00 5.50 Avg. Farm Price 3/ 61.2 68.0 67.00 - 71.00 68.00 - 70.00 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long st aple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. March 2018 WASD E - 575 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 217.89 735.21 170.19 136.50 711.61 172.84 241.49 United States 20.48 56.12 3.07 4.07 31.94 21.17 26.55 Total Foreign 197.42 679.09 167.12 132.43 679.67 151.67 214.94 Major Exporters 4/ 29.27 221.65 7.59 65.65 150.59 82.52 25.41 Argentina 4.80 11.30 0.01 0.20 5.70 9.60 0.82 Australia 4.67 22.28 0.15 3.70 7.13 16.12 3.85 Canada 7.10 27.59 0.51 2.75 7.92 22.11 5.18 European Union 5/ 12.70 160.48 6.92 59.00 129.85 34.69 15.56 Major Importers 6/ 113.34 205.41 92.35 27.94 264.64 6.42 140.05 Brazil 0.87 5.54 6.75 0.50 11.10 1.06 1.00 China 76.11 130.19 3.48 10.50 112.00 0.73 97.04 Sel. Mideast 7/ 13.65 19.91 19.19 4.85 37.77 0.55 14.43 N. Africa 8/ 13.22 19.98 27.80 2.28 43.67 0.70 16.63 Pakistan 3.71 25.09 0.02 0.80 24.40 0.60 3.82 Southeast Asia 9/ 3.85 0.00 24.60 8.02 22.30 0.97 5.19 Selected Other India 17.22 86.53 0.47 4.20 88.55 1.13 14.54 FSU-12 20.66 117.96 7.40 26.74 77.78 51.48 16.77 Russia 6.29 61.04 0.82 14.00 37.00 25.54 5.61 Kazakhstan 3.28 13.75 0.07 2.10 6.90 7.60 2.60 Ukraine 5.68 27.27 0.03 5.10 12.20 17.43 3.35 2016/17 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 241.49 750.51 179.21 147.09 739.39 183.28 252.60 United States 26.55 62.83 3.22 4.26 31.75 28.72 32.13 Total Foreign 214.94 687.67 176.00 142.83 707.64 154.57 220.47 Major Exporters 4/ 25.41 225.74 5.94 65.39 150.92 83.95 22.22 Argentina 0.82 18.40 0.00 0.05 5.15 13.83 0.25 Australia 3.85 30.36 0.14 3.90 7.35 22.64 4.37 Canada 5.18 31.73 0.50 5.44 10.42 20.16 6.84 European Union 5/ 15.56 145.25 5.29 56.00 128.00 27.32 10.77 Major Importers 6/ 140.05 200.07 96.41 36.62 278.75 5.49 152.30 Brazil 1.00 6.73 7.35 0.80 12.20 0.62 2.26 China 97.04 128.85 4.41 16.50 118.50 0.75 111.05 Sel. Mideast 7/ 14.43 20.14 18.11 4.97 39.12 0.53 13.03 N. Africa 8/ 16.63 14.08 28.36 2.28 44.57 0.57 13.92 Pakistan 3.82 25.63 0.00 0.80 24.50 0.60 4.35 Southeast Asia 9/ 5.19 0.00 26.91 9.89 25.47 1.02 5.61 Selected Other India 14.54 87.00 5.90 4.70 97.12 0.52 9.80 FSU-12 16.77 130.47 7.36 28.00 79.07 54.42 21.11 Russia 5.61 72.53 0.50 17.00 40.00 27.81 10.83 Kazakhstan 2.60 14.99 0.08 2.10 6.90 7.40 3.36 Ukraine 3.35 26.79 0.04 3.60 10.30 18.11 1.77 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, an d the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Alg eria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2018 WASDE - 575 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Feb 252.64 758.25 180.31 144.52 744.79 181.69 266.10 Mar 252.60 758.79 181.75 144.57 742.50 182.03 268.89 United States Feb 32.13 47.37 4.22 2.72 30.40 25.86 27.47 Mar 32.13 47.37 4.22 2.72 30.40 25.17 28.15 Total Foreign Feb 220.51 710.88 176.09 141.80 714.39 155.84 238.63 Mar 220.47 711.42 177.53 141.85 712.10 156.86 240.74 Major Exporters 4/ Feb 22.22 221.10 6.16 64.00 149.75 77.00 22.73 Mar 22.22 221.10 6.16 64.00 149.75 76.00 23.73 Argentina Feb 0.25 18.00 0.01 0.10 5.50 12.50 0.26 Mar 0.25 18.00 0.01 0.10 5.50 12.50 0.26 Australia Feb 4.37 21.50 0.15 3.40 6.80 16.00 3.22 Mar 4.37 21.50 0.15 3.40 6.80 16.00 3.22 Canada Feb 6.84 30.00 0.50 3.50 8.70 22.50 6.14 Mar 6.84 30.00 0.50 3.50 8.70 22.50 6.14 European Union 5/ Feb 10.77 151.60 5.50 57.00 128.75 26.00 13.12 Mar 10.77 151.60 5.50 57.00 128.75 25.00 14.12 Major Importers 6/ Feb 152.28 202.75 95.88 31.78 278.71 6.71 165.49 Mar 152.30 202.53 96.13 31.93 278.99 7.01 164.97 Brazil Feb 2.26 4.25 7.80 0.50 12.10 0.60 1.61 Mar 2.26 4.26 7.80 0.50 12.10 0.60 1.62 China Feb 111.05 130.00 4.00 13.50 117.00 1.00 127.05 Mar 111.05 129.77 4.00 13.50 117.00 1.00 126.82 Sel. Mideast 7/ Feb 13.03 19.42 18.20 5.31 40.50 0.89 9.26 Mar 13.03 19.42 18.25 5.36 40.57 0.94 9.19 N. Africa 8/ Feb 13.92 18.15 27.85 2.18 45.08 0.69 14.16 Mar 13.92 18.15 27.85 2.18 45.08 0.74 14.11 Pakistan Feb 4.33 26.50 0.03 1.00 25.00 1.00 4.86 Mar 4.35 26.50 0.03 1.00 25.00 1.20 4.68 Southeast Asia 9/ Feb 5.61 0.00 27.00 8.29 24.94 1.07 6.60 Mar 5.61 0.00 27.20 8.39 25.14 1.07 6.60 Selected Other India Feb 9.80 98.38 2.00 5.00 100.00 0.50 9.68 Mar 9.80 98.51 1.50 5.00 98.00 0.50 11.31 FSU-12 Feb 21.11 142.15 8.03 32.70 84.19 61.65 25.45 Mar 21.11 142.75 8.08 32.60 84.09 63.36 24.48 Russia Feb 10.83 85.00 0.50 21.50 45.00 36.00 15.33 Mar 10.83 84.99 0.50 21.50 45.00 37.50 13.82 Kazakhstan Feb 3.36 14.00 0.05 2.10 6.90 7.50 3.01 Mar 3.36 14.80 0.05 2.10 6.90 7.50 3.82 Ukraine Feb 1.77 26.98 0.03 3.50 9.90 17.00 1.88 Mar 1.77 26.98 0.03 3.50 9.90 17.20 1.68 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq , Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2018 WASDE - 575 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 247.21 1,260.44 181.15 767.19 1,255.09 163.46 252.56 United States 46.95 367.01 3.94 135.37 312.60 57.18 48.11 Total Foreign 200.27 893.43 177.22 631.82 942.49 106.28 204.45 Major Exporters 4/ 20.12 153.93 7.90 83.39 112.69 51.63 17.63 Argentina 4.27 38.44 0.00 9.36 14.32 25.22 3.18 Australia 1.53 12.54 0.00 3.96 5.64 6.94 1.50 Brazil 8.24 68.65 3.97 50.47 59.82 14.03 7.01 Canada 3.33 25.62 1.55 13.81 21.25 4.61 4.64 Major Importers 5/ 49.13 246.12 123.97 271.75 353.48 15.71 50.03 European Union 6/ 18.89 152.67 14.26 117.08 157.25 13.11 15.45 Japan 1.77 0.18 17.07 13.29 17.26 0.00 1.76 Mexico 4.83 32.38 14.95 26.72 44.72 1.56 5.89 N. Afr & Mideast 7/ 14.49 32.77 32.75 55.96 64.31 0.11 15.59 Saudi Arabia 3.36 0.36 14.79 13.60 14.11 0.00 4.41 Southeast Asia 8/ 3.66 27.51 15.17 33.06 41.07 0.93 4.33 South Korea 1.89 0.19 10.19 7.83 10.32 0.00 1.95 Selected Other China 101.92 231.49 17.50 166.47 238.79 0.03 112.09 FSU-12 7.92 82.55 0.54 38.26 53.43 31.33 6.25 Russia 2.82 37.43 0.13 20.32 29.72 9.00 1.66 Ukraine 3.29 33.39 0.05 8.74 12.37 21.19 3.17 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 252.56 1,364.72 172.67 798.91 1,352.91 198.28 264.38 United States 48.11 402.61 3.43 144.78 327.48 64.50 62.17 Total Foreign 204.45 962.11 169.24 654.14 1,025.43 133.78 202.21 Major Exporters 4/ 17.63 210.60 2.80 89.74 121.99 77.62 31.42 Argentina 3.18 48.57 0.00 10.97 16.34 28.56 6.85 Australia 1.50 16.63 0.00 4.29 6.16 10.03 1.94 Brazil 7.01 101.58 1.64 53.45 64.03 31.71 14.49 Canada 4.64 25.79 0.94 13.80 21.65 4.81 4.91 Major Importers 5/ 50.03 242.33 120.78 276.22 358.43 11.04 43.67 European Union 6/ 15.45 152.59 15.83 120.07 160.69 8.07 15.11 Japan 1.76 0.17 17.00 13.25 17.25 0.00 1.69 Mexico 5.89 33.33 15.24 28.00 46.90 1.54 6.02 N. Afr & Mideast 7/ 15.59 26.21 34.14 55.38 63.20 0.16 12.59 Saudi Arabia 4.41 0.36 11.52 13.22 13.73 0.00 2.56 Southeast Asia 8/ 4.33 29.40 13.48 34.96 42.77 1.27 3.17 South Korea 1.95 0.20 9.29 7.24 9.59 0.00 1.85 Selected Other Chin a 112.09 226.87 16.06 173.90 252.95 0.11 101.95 FSU-12 6.25 92.15 0.76 40.70 55.97 36.58 6.61 Russia 1.66 40.77 0.28 22.58 32.13 8.56 2.02 Ukraine 3.17 39.22 0.04 9.06 12.53 26.90 3.00 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middl e East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2018 WAS DE - 575 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Feb 262.65 1,321.94 185.20 816.04 1,354.54 192.18 230.04 Mar 264.38 1,321.96 185.32 818.70 1,360.32 193.56 226.02 United States Feb 62.17 384.26 3.58 145.07 329.03 58.82 62.15 Mar 62.17 384.26 3.40 145.42 330.65 62.91 56.27 Total Foreign Feb 200.48 937.68 181.63 670.97 1,025.52 133.36 167.89 Mar 202.21 937.71 181.92 673.28 1,029.67 130.66 169.75 Major Exporters 4/ Feb 28.91 194.90 2.33 90.22 122.47 78.81 24.86 Mar 31.42 191.30 2.53 91.42 123.67 75.81 25.77 Argentina Feb 6.80 46.45 0.01 11.22 16.88 30.11 6.27 Mar 6.85 43.45 0.01 10.72 16.38 27.61 6.32 Australia Feb 1.78 11.50 0.00 3.19 5.06 7.23 0.99 Mar 1.94 10.90 0.00 2.99 4.86 6.93 1.05 Brazil Feb 12.19 97.79 0.95 54.44 64.89 35.02 11.02 Mar 14.49 97.29 0.95 55.44 65.89 35.02 11.82 Canada Feb 4.91 26.21 1.06 15.49 23.25 4.75 4.18 Mar 4.91 26.21 1.26 15.89 23.65 4.55 4.18 Major Importers 5/ Feb 43.67 243.23 132.64 285.46 367.88 10.75 40.91 Mar 43.67 244.08 132.26 285.78 368.20 10.75 41.06 European Union 6/ Feb 15.11 150.80 16.91 119.68 160.30 8.51 14.01 Mar 15.11 151.64 16.91 120.38 161.00 8.51 14.16 Japan Feb 1.69 0.19 16.72 13.07 17.06 0.00 1.53 Mar 1.69 0.19 16.72 13.07 17.06 0.00 1.53 Mexico Feb 6.02 32.08 16.90 29.37 48.34 1.30 5.36 Mar 6.02 32.08 16.90 29.37 48.34 1.30 5.36 N. Afr & Mideast 7/ Feb 12.59 29.99 40.02 61.51 69.51 0.12 12.97 Mar 12.59 29.99 40.14 61.63 69.63 0.12 12.97 Saudi Arabia Feb 2.56 0.36 13.01 13.55 14.11 0.00 1.82 Mar 2.56 0.36 12.51 13.05 13.61 0.00 1.82 Southeast Asia 8/ Feb 3.17 29.54 14.72 36.26 43.86 0.83 2.73 Mar 3.17 29.54 14.72 36.26 43.86 0.83 2.73 South Korea Feb 1.85 0.20 9.77 7.54 10.01 0.00 1.82 Mar 1.85 0.20 9.77 7.54 10.01 0.00 1.82 Selected Other China Feb 102.49 223.93 16.30 179.10 261.66 0.08 80.98 Mar 101.95 223.39 17.10 179.12 261.98 0.08 80.38 FSU-12 Feb 6.61 89.10 0.72 39.77 54.86 36.59 4.98 Mar 6.61 89.47 0.72 39.67 54.75 36.79 5.26 Russia Feb 2.02 42.00 0.11 22.77 32.32 10.06 1.75 Mar 2.02 41.71 0.11 22.57 32.12 10.06 1.67 Ukraine Feb 3.00 34.07 0.03 6.69 10.00 25.11 1.99 Mar 3.00 34.07 0.03 6.69 10.00 25.11 1.99 1/ Aggregate of local marketing years. Coarse grains include corn, s orghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differenc es in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middl e East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2018 WASDE - 575 - 22 World Corn Supp ly and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 209.78 973.45 139.25 601.78 968.23 119.74 215.00 United States 43.97 345.51 1.72 129.91 298.79 48.29 44.12 Total Foreign 165.80 627.95 137.54 471.87 669.45 71.45 170.87 Major Exporters 4/ 13.19 104.71 5.67 60.70 77.77 36.48 9.32 Argentina 2.90 29.50 0.00 6.00 9.30 21.64 1.46 Brazil 7.84 67.00 3.42 49.00 57.50 14.00 6.77 South Africa 2.45 8.21 2.24 5.70 10.97 0.84 1.10 Major Importers 5/ 23.17 118.33 81.66 144.80 196.29 4.44 22.42 Egypt 2.36 6.00 8.72 12.45 14.85 0.01 2.22 European Union 6/ 9.63 58.75 13.79 55.50 73.50 1.95 6.72 Japan 1.35 0.00 15.20 11.60 15.20 0.00 1.35 Mexico 4.09 25.97 14.01 20.30 37.30 1.56 5.21 Southeast Asia 7/ 3.65 27.46 15.15 33.00 41.00 0.93 4.33 South Korea 1.86 0.08 10.12 7.80 10.12 0.00 1.94 Selected Other 0.00 Canada 1.40 13.56 1.37 7.10 12.38 1.74 2.21 China 100.47 224.63 3.17 153.50 217.50 0.00 110.77 FSU-12 3.16 39.87 0.38 16.62 19.33 21.49 2.59 Ukraine 1.52 23.33 0.03 5.50 6.90 16.60 1.39 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 215.00 1,075.23 135.72 631.68 1,058.37 159.80 231.86 United States 44.12 384.78 1.45 139.03 313.86 58.24 58.25 Total Foreign 170.87 690.45 134.27 492.65 744.52 101.56 173.60 Major Exporters 4/ 9.32 156.98 1.00 65.63 84.83 59.70 22.78 Argentina 1.46 41.00 0.00 7.50 11.20 25.50 5.76 Brazil 6.77 98.50 0.95 51.00 60.50 31.70 14.02 South Africa 1.10 17.48 0.05 7.13 13.13 2.50 3.00 Major Importers 5/ 22.42 124.53 80.61 147.96 200.71 4.99 21.86 Egypt 2.22 6.00 8.77 12.70 15.10 0.01 1.89 European Union 6/ 6.72 61.45 15.24 55.00 73.70 2.17 7.54 Japan 1.35 0.00 15.17 11.60 15.20 0.00 1.32 Mexico 5.21 27.58 14.57 22.50 40.40 1.54 5.42 Southeast Asia 7/ 4.33 29.35 13.46 34.90 42.70 1.27 3.17 South Korea 1.94 0.08 9.23 7.21 9.41 0.00 1.83 Selected Other 0.00 Canada 2.21 13.19 0.85 7.10 12.70 1.52 2.04 China 110.77 219.55 2.46 162.00 232.00 0.08 100.71 FSU-12 2.59 47.27 0.35 17.30 20.08 27.15 2.97 Ukraine 1.39 27.97 0.03 5.10 6.50 21.33 1.55 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra- trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2018 WASDE - 575 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Feb 229.76 1,041.73 146.78 650.57 1,068.41 153.89 203.09 Mar 231.86 1,041.74 147.65 653.85 1,074.43 155.93 199.17 United States Feb 58.25 370.96 1.27 140.98 318.66 52.07 59.75 Mar 58.25 370.96 1.27 140.98 319.93 56.52 54.04 Total Foreign Feb 171.51 670.77 145.51 509.59 749.75 101.82 143.33 Mar 173.60 670.78 146.38 512.87 754.5 0 99.42 145.13 Major Exporters 4/ Feb 20.48 146.50 0.51 65.80 85.20 64.20 18.08 Mar 22.78 143.50 0.51 66.80 86.20 61.70 18.88 Argentina Feb 5.76 39.00 0.01 8.00 12.00 27.50 5.27 Mar 5.76 36.00 0.01 7.50 11.50 25.00 5.27 Brazil Feb 11.72 95.00 0.40 52.00 61.50 35.00 10.62 Mar 14.02 94.50 0.40 53.00 62.50 35.00 11.42 South Africa Feb 3.00 12.50 0.10 5.80 11.70 1.70 2.20 Mar 3.00 13.00 0.10 6.30 12.20 1.70 2.20 Major Importers 5/ Feb 21.86 122.24 86.60 153.55 206.50 4.13 20.06 Mar 21.86 123.29 86.60 154.35 207.30 4.13 20.31 Egypt Feb 1.89 6.00 10.00 13.40 15.90 0.01 1.98 Mar 1.89 6.00 10.00 13.40 15.90 0.01 1.98 European Union 6/ Feb 7.54 60.09 16.20 56.20 75.00 2.00 6.83 Mar 7.54 61.14 16.20 57.00 75.80 2.00 7.08 Japan Feb 1.32 0.00 15.00 11.50 15.10 0.00 1.22 Mar 1.32 0.00 15.00 11.50 15.10 0.00 1.22 Mexico Feb 5.42 26.50 16.50 24.30 42.30 1.30 4.82 Mar 5.42 26.50 16.50 24.30 42.30 1.30 4.82 Southeast Asia 7 / Feb 3.17 29.49 14.70 36.20 43.80 0.82 2.73 Mar 3.17 29.49 14.70 36.20 43.80 0.82 2.73 South Korea Feb 1.83 0.08 9.70 7.50 9.80 0.00 1.81 Mar 1.83 0.08 9.70 7.50 9.80 0.00 1.81 Selected Other Canada Feb 2.04 14.10 1.00 8.40 14.00 1.30 1.84 Mar 2.04 14.10 1.20 8.60 14.20 1.30 1.84 China Feb 100.71 215.89 3.00 166.00 240.00 0.05 79.55 Mar 100.71 215.89 4.00 167.00 241.00 0.05 79.55 FSU-12 Feb 2.97 42.27 0.45 15.48 18.16 25.26 2.26 Mar 2.97 42.03 0.45 15.28 17.96 25.26 2.23 Ukraine Feb 1.55 24.12 0.03 3.50 4.80 20.00 0.89 Mar 1.55 24.12 0.03 3.50 4.80 20.00 0.89 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in worl d imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2018 WASDE - 575 - 24 World Rice Supply and Use (Milled Basis) 1/ (Milli on Metric Tons) 2015/16 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 127.89 472.94 38.33 468.11 40.34 132.72 United States 1.55 6.13 0.77 3.58 3.40 1.48 Total Foreign 126.33 466.81 37.57 464.53 36.95 131.24 Major Exporters 4/ 31.64 154.59 0.61 127.97 29.40 29.48 India 17.80 104.41 0.00 93.57 10.24 18.40 Pakistan 1.31 6.80 0.01 2.80 4.20 1.12 Thailand 11.27 15.80 0.30 9.10 9.87 8.40 Vietnam 1.26 27.58 0.30 22.50 5.09 1.56 Major Importers 5/ 11.80 63.28 12.24 76.66 0.84 9.82 Brazil 0.64 7.21 0.90 7.90 0.55 0.31 European Union 6/ 1.15 2.05 1.80 3.55 0.27 1.18 Indonesia 4.11 36.20 1.00 37.80 0.00 3.51 Nigeria 1.77 3.53 2.10 6.00 0.00 1.40 Philippines 2.41 11.00 1.60 12.90 0.00 2.11 Sel. Mideast 7/ 1.23 1.89 3.25 5.58 0.00 0.80 Selected Other 0.00 Burma 0.75 12.16 0.03 10.40 1.30 1.24 C. Amer & Carib 8/ 0.44 1.48 1.90 3.29 0.04 0.50 China 69.00 145.77 4.80 140.80 0.27 78.50 Egypt 0.92 4.00 0.10 3.90 0.20 0.92 Japan 2.82 7.67 0.71 8.60 0.05 2.55 Mexico 0.17 0.16 0.69 0.89 0.00 0.13 South Korea 1.41 4.33 0.31 4.21 0.00 1.83 2016/17 Est. Beginning Sto c ks Production Imports Total /2 Dom estic Exports Ending Sto c ks World 3/ 132.72 486.15 41.43 481.58 46.75 137.29 United States 1.48 7.12 0.75 4.17 3.70 1.46 Total Foreign 131.24 479.04 40.68 477.41 43.04 135.82 Major Expor ters 4/ 29.48 163.15 0.76 133.43 32.92 27.04 India 18.40 109.70 0.00 96.33 11.22 20.55 Pakistan 1.12 6.85 0.01 3.10 3.60 1.28 Thailand 8.40 19.20 0.25 12.00 11.62 4.24 Vietnam 1.56 27.40 0.50 22.00 6.49 0.97 Major Importers 5/ 9.82 65.94 12.15 77.27 1.00 9.64 Brazil 0.31 8.38 0.70 8.10 0.65 0.64 European Union 6/ 1.18 2.07 1.83 3.65 0.32 1.12 Indonesia 3.51 36.86 0.30 37.50 0.00 3.17 Nigeria 1.40 3.65 2.50 6.20 0.00 1.35 Philippines 2.11 11.69 1.10 12.90 0.00 2.00 Sel. Mideast 7/ 0.80 1.96 4.07 5.78 0.00 1.05 Selected Other 0.00 Burma 1.24 12.65 0.01 10.00 3.35 0.55 C. Amer & Carib 8/ 0.50 1.68 1.80 3.39 0.03 0.55 China 78.50 144.95 5.30 141.45 0.81 86.50 Egypt 0.92 4.80 0.15 4.30 0.10 1.47 Japan 2.55 7.78 0.69 8.50 0.06 2.46 Mexico 0.13 0.18 0.87 0.92 0.09 0.17 South Korea 1.83 4.20 0.41 4.71 0.00 1.73 1/ Aggregate of loc al marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total d omestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences i n some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East , and the EU -28. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Sau di Arabia. 8/ Central American and Caribbean countries. March 2018 WASDE - 575 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Feb 137.24 484.33 46.36 480.78 46.84 140.79 Mar 137.29 486.26 46.61 480.49 47.34 143.06 United States Feb 1.46 5.66 0.79 3.81 3.18 0.93 Mar 1.46 5.66 0.79 3.81 3.18 0.93 Total Foreign Feb 135.78 478.67 45.57 476.97 43.66 139.87 Mar 135.82 480.60 45.82 476.68 44.16 142.14 Major Exporters 4/ Feb 26.94 163.55 0.65 134.45 33.20 23.49 Mar 27.04 166.05 0.65 134.45 33.70 25.59 India Feb 20.55 107.50 0.00 97.55 12.50 18.00 Mar 20.55 110.00 0.00 97.55 13.00 20.00 Pakistan Feb 1.18 7.20 0.00 3.30 3.80 1.28 Mar 1.28 7.20 0.00 3.30 3.80 1.38 Thailand Feb 4.24 20.40 0.25 11.50 10.20 3.19 Mar 4.24 20.40 0.25 11.50 10.20 3.19 Vietnam Feb 0.97 28.45 0.40 22.10 6.70 1.02 Mar 0.97 28.45 0.40 22.10 6.70 1.02 Major Importers 5/ Feb 9.60 65.92 13.00 77.67 0.93 9.91 Mar 9.64 65.92 13.00 77.67 0.91 9.97 Brazil Feb 0.64 7.82 0.70 8.03 0.60 0.54 Mar 0.64 7.82 0.70 8.03 0.60 0.54 European Un ion 6/ Feb 1.12 2.09 1.90 3.75 0.28 1.08 Mar 1.12 2.09 1.90 3.75 0.28 1.08 Indonesia Feb 3.15 37.00 0.80 37.40 0.02 3.53 Mar 3.17 37.00 0.80 37.40 0.00 3.56 Nigeria Feb 1.35 3.65 2.60 6.40 0.00 1.21 Mar 1.35 3.65 2.60 6.40 0.00 1.21 Philippines Feb 2.00 11.97 1.30 12.90 0.00 2.37 Mar 2.00 11.97 1.30 12.90 0.00 2.37 Sel. Mideast 7/ Feb 1.03 1.96 3.85 5.95 0.00 0.88 Mar 1.05 1.96 3.85 5.95 0.00 0.90 Selected Other Burma Feb 0.60 12.95 0.01 10.00 3.30 0.26 Mar 0.55 12.95 0.01 10.00 3.30 0.21 C. Amer & Carib 8/ Feb 0.46 1.62 1.89 3.52 0.03 0.42 Mar 0.55 1.71 1.89 3.51 0.03 0.61 China Feb 86.50 146.00 5.50 142.70 1.30 94.00 Mar 86.50 145.99 5.50 142.70 1.30 93.99 Egypt Feb 1.47 4.30 0.05 4.40 0.10 1.32 Mar 1.47 4.30 0.05 4.40 0.10 1.32 Japan Feb 2.46 7.60 0.69 8.45 0.06 2.24 Mar 2.46 7.60 0.69 8.45 0.06 2.24 Mexico Feb 0.17 0.19 0.85 0.92 0.09 0.20 Mar 0.17 0.19 0.85 0.92 0.09 0.20 South Korea Feb 1.73 3.97 0.41 4.87 0.01 1.23 Mar 1.73 3.97 0.41 4.87 0.01 1.23 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic include s both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Ph ilippines, selec ted Middle East, and the EU -28. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. March 2018 WASDE - 575 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2015/16 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 111.05 96.20 35.42 112.30 35.07 -0.02 95.32 United States 3.65 12.89 0.03 3.45 9.15 0.17 3.80 Total Forei gn 107.40 83.31 35.39 108.85 25.92 -0.19 91.52 Major Exporters 4/ 29.72 46.55 1.77 32.48 22.81 -0.28 23.04 Central Asia 5/ 3.01 5.97 3/ 2.63 4.26 0.00 2.09 Afr. Fr. Zone 6/ 2.15 4.20 3/ 0.13 4.87 0.00 1.34 S. Hemis 7/ 10.80 9.97 0.25 4.22 7.67 -0.29 9.42 Australia 1.82 2.85 3/ 0.04 2.83 -0.15 1.96 Brazil 7.53 5.90 0.09 3.10 4.31 -0.15 6.26 India 13.49 25.90 1.07 24.75 5.76 0.00 9.94 Major Importers 8/ 75.89 34.00 31.30 72.20 2.07 0.09 66.83 Mexico 0.69 0.94 0.98 1.85 0.13 0.03 0.61 China 66.92 22.00 4.41 35.00 0.13 0.00 58.20 European Union 9/ 0.34 1.28 0.80 0.81 1.31 0.00 0.30 Turkey 1.60 2.65 4.22 6.70 0.23 0.00 1.53 Pakistan 2.89 7.00 3.30 10.30 0.25 0.03 2.62 Indonesia 0.60 0.01 2.94 3.00 0.02 0.00 0.53 Thailand 0.22 3/ 1.28 1.27 0.00 0.03 0.20 Bangladesh 1.33 0.12 6.40 6.30 0.00 0.01 1.54 Vietnam 0.68 3/ 4.50 4.40 0.00 0.00 0.78 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Use Exports Loss /2 Ending Sto c ks World 95.32 106.80 37.60 114.81 37.33 -0.12 87.70 United States 3.80 17.17 0.01 3.25 14.92 0.06 2.75 Total Foreign 91.52 89.63 37.59 111.56 22.41 -0.18 84.95 Major Exp orters 4/ 23.04 50.75 3.63 31.97 19.17 -0.27 26.55 Central Asia 5/ 2.09 5.99 3/ 2.89 2.79 0.00 2.39 Afr. Fr. Zone 6/ 1.34 5.09 3/ 0.13 4.52 0.01 1.77 S. Hemis 7/ 9.42 12.31 0.37 4.29 7.05 -0.29 11.05 Australia 1.96 4.05 3/ 0.04 3.73 -0.15 2.39 Brazil 6.26 7.00 0.19 3.20 2.79 -0.15 7.61 India 9.94 27.00 2.74 24.00 4.55 0.00 11.13 Major Importers 8/ 66.83 35.86 31.78 75.57 2.04 0.09 56.78 Mexico 0.61 0.76 1.00 1.75 0.15 0.03 0.44 China 58.20 22.75 5.03 37.50 0.06 0.00 48.42 European Union 9/ 0.30 1.31 0.70 0.72 1.33 0.00 0.27 Turkey 1.53 3.20 3.68 6.50 0.33 0.00 1.58 Pakistan 2.62 7.70 2.40 10.30 0.13 0.03 2.27 Indonesia 0.53 0.01 3.39 3.30 0.01 0.00 0.62 Thailand 0.20 3/ 1.23 1.20 0.00 0.03 0.20 Bangladesh 1.54 0.13 6.70 6.70 0.00 0.01 1.66 Vietnam 0.78 3/ 5.50 5.40 0.00 0.00 0.88 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Centra l African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. March 2018 WASDE - 575 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2017/18 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Feb 87.66 121.37 38.23 120.50 38.22 -0.02 88.55 Mar 87.70 121.94 38.83 120.79 38.83 0.00 88.85 United States Feb 2.75 21.26 0.01 3.35 14.50 0.17 6.00 Mar 2.75 21.03 0.01 3.35 14.80 0.14 5.50 Total Foreign Feb 84.91 100.11 38.22 117.15 23.72 -0.19 82.55 Mar 84.95 100.91 38.82 117.44 24.03 -0.14 83.35 filler filler filler filler filler filler filler Major Exporters 4/ Feb 26.55 54.44 2.46 32.94 20.39 -0.28 30.40 Mar 26.55 54.53 2.46 32.94 20.33 -0.28 30.56 Central Asia 5/ Feb 2.39 6.32 3/ 3.20 2.75 0.00 2.76 Mar 2.39 6.20 3/ 3.20 2.68 0.00 2.71 Afr. Fr. Zone 6/ Feb 1.77 5.16 3/ 0.13 4.19 0.00 2.62 Mar 1.77 5.16 3/ 0.13 4.19 0.00 2.62 S. Hemis 7/ Feb 11.05 14.00 0.26 4.47 8.99 -0.29 12.15 Mar 11.05 14.21 0.26 4.47 8.99 -0.29 12.36 Australia Feb 2.39 4.40 3/ 0.04 4.40 -0.15 2.51 Mar 2.39 4.70 3/ 0.04 4.40 -0.15 2.81 Brazil Feb 7.61 8.00 0.10 3.40 4.20 -0.15 8.26 Mar 7.61 8.00 0.10 3.40 4.20 -0.15 8.26 India Feb 11.13 28.50 1.70 24.50 4.20 0.00 12.63 Mar 11.13 28.50 1.70 24.50 4.20 0.00 12.63 filler filler filler filler filler filler filler Major Importers 8/ Feb 56.78 42.89 33.32 80.20 2.37 0.09 50.34 Mar 56.78 42.89 33.87 80.39 2.37 0.09 50.70 Mexico Feb 0.44 1.54 0.83 1.85 0.30 0.03 0.63 Mar 0.44 1.54 0.88 1.85 0.30 0.03 0.68 China Feb 48.42 27.50 5.00 40.00 0.05 0.00 40.87 Mar 48.42 27.50 5.10 40.00 0.05 0.00 40.97 European Union 9/ Feb 0.27 1.52 0.71 0.74 1.41 0.00 0.36 Mar 0.27 1.52 0.71 0.74 1.41 0.00 0.36 Turkey Feb 1.58 4.00 3.50 7.00 0.30 0.00 1.78 Mar 1.58 4.00 3.80 7.10 0.35 0.00 1.93 Pakistan Feb 2.27 8.20 2.70 10.40 0.30 0.03 2.44 Mar 2.27 8.20 2.70 10.40 0.25 0.03 2.49 Indonesia Feb 0.62 3/ 3.50 3.45 0.01 0.00 0.67 Mar 0.62 3/ 3.50 3.45 0.01 0.00 0.67 Thailand Feb 0.20 3/ 1.05 1.05 0.00 0.03 0.18 Mar 0.20 3/ 1.05 1.05 0.00 0.03 0.18 Bangladesh Feb 1.66 0.13 7.25 7.20 0.00 0.01 1.82 Mar 1.66 0.13 7.40 7.30 0.00 0.01 1.87 Vietnam Feb 0.88 3/ 6.60 6.35 0.00 0.00 1.14 Mar 0.88 3/ 6.70 6.45 0.00 0.00 1.14 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3 / Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. March 2018 WASDE - 575 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 77.89 313.77 133.33 275.36 314.15 132.56 78.28 United States 5.19 106.86 0.64 51.34 54.47 52.86 5.35 Total Foreign 72.70 206.91 132.69 224.03 259.68 79.70 72.93 Major Exporters 3/ 50.88 164.73 1.12 86.89 94.65 71.88 50.19 Argentina 31.70 56.80 0.68 43.27 47.65 9.92 31.60 Brazil 19.08 96.50 0.41 39.75 43.05 54.38 18.56 Paraguay 0.07 9.22 0.01 3.80 3.86 5.40 0.03 Major Importers 4/ 18.85 15.48 113.50 106.83 127.77 0.32 19.73 China 17.01 11.79 83.23 81.50 95.00 0.11 16.91 European Unio n 0.84 2.32 15.12 14.95 16.58 0.14 1.56 Japan 0.21 0.24 3.19 2.28 3.38 0.00 0.26 Mexico 0.11 0.34 4.13 4.40 4.43 0.00 0.15 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ 78.28 351.32 144.28 288.50 329.77 147.46 96.65 United States 5.35 116.92 0.61 51.74 55.51 59.16 8.21 Total Foreign 72.93 234.40 143.68 236.76 274.26 88.30 88.44 Major Exporters 3/ 50.19 185.78 1.94 88.13 96.14 79.42 62.36 Argent ina 31.60 57.80 1.67 43.30 47.83 7.03 36.22 Brazil 18.56 114.10 0.25 40.90 44.30 63.14 25.47 Paraguay 0.03 10.67 0.01 3.85 3.92 6.13 0.66 Major Importers 4/ 19.73 16.80 122.59 113.24 135.92 0.39 22.82 China 16.91 12.90 93.50 88.00 102.80 0.11 20.39 European Union 1.56 2.38 13.47 14.40 16.04 0.22 1.14 Japan 0.26 0.24 3.18 2.39 3.45 0.00 0.21 Mexico 0.15 0.51 4.13 4.60 4.64 0.00 0.15 2017/18 Proj. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ Feb 96.14 346.92 150.24 300.10 343.20 151.95 98.14 Mar 96.65 340.86 151.27 300.86 343.78 150.60 94.40 United States Feb 8.21 119.52 0.68 53.07 56.83 57.15 14.42 Mar 8.21 119.52 0.68 53.34 57.11 56.20 15.10 Total Foreign Feb 87.93 227.40 149.56 247.03 286.37 94.80 83.71 Mar 88.44 221.34 150.59 247.52 286.67 94.40 79.30 Major Exporters 3/ Feb 61.87 177.72 1.93 89.58 98.07 85.70 57.76 Mar 62.36 171.40 2.61 89.78 97.99 85.20 53.18 Argentina Feb 36.22 54.00 1.70 43.68 48.42 8.50 35.00 Mar 36.22 47.00 2.40 43.00 47.62 6.80 31.20 Brazil Feb 24.86 112.00 0.20 42.00 45.65 69.00 22.41 Mar 25.47 113.00 0.20 43.00 46.50 70.50 21.67 Paraguay Feb 0.66 9.20 0.01 3.70 3.78 5.80 0.29 Mar 0.66 9.20 0.01 3.70 3.78 5.80 0.29 Major Importers 4/ Feb 22.73 18.20 127.30 120.72 144.60 0.40 23.24 Mar 22.82 18.20 127.30 120.75 144.73 0.50 23.09 China Feb 20.39 14.20 97.00 95.00 110.80 0.15 20.64 Mar 20.39 14.20 97.00 95.00 110.80 0.15 20.64 European Union Feb 1.06 2.50 14.00 14.50 16.15 0.20 1.21 Mar 1.14 2.50 14.00 14.50 16.15 0.30 1.19 Japan Feb 0.21 0.26 3.30 2.35 3.51 0.00 0.26 Mar 0.21 0.26 3.25 2.35 3.51 0.00 0.21 Mexico Feb 0.15 0.48 4.30 4.72 4.76 0.00 0.17 Mar 0.15 0.48 4.25 4.72 4.76 0.00 0.12 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to diffe rences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes In donesia, Malaysia, Philippines, Vietnam, and Thailand). March 2018 WASDE - 575 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Total Exports Endin g Stocks World 2/ 13.67 216.13 61.75 213.50 65.43 12.64 United States 0.24 40.53 0.37 30.04 10.84 0.24 Total Foreign 13.44 175.61 61.38 183.45 54.58 12.40 Major Exporters 3/ 8.39 68.52 0.07 23.77 46.15 7.06 Argentina 4.03 33.21 0.00 2.67 30.33 4.23 Brazil 3.81 30.75 0.03 16.47 15.41 2.71 India 0.55 4.56 0.05 4.63 0.41 0.12 Major Importers 4/ 1.99 16.42 36.47 52.47 0.51 1.91 European Union 0.66 11.81 19.21 30.84 0.30 0.53 Southeast Asia 5/ 1.28 2.89 15.54 18.17 0.21 1.33 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 12.64 226.44 60.18 222.51 64.63 12.11 United States 0.24 40.63 0.32 30.30 10.52 0.36 Total Foreign 12.40 185.81 59.86 192.21 54.11 11.75 Major Exporters 3/ 7.06 72.30 0.05 24.90 47.09 7.41 Argentina 4.23 33.28 0.00 2.85 31.32 3.33 Brazil 2.71 31.66 0.04 17.04 13.76 3.60 India 0.12 7.36 0.01 5.01 2.00 0.48 Major Importers 4/ 1.91 16.19 36.16 52.47 0.53 1.25 European Union 0.53 11.38 18.89 30.24 0.33 0.23 Southeast Asia 5/ 1.33 3.01 15.65 18.80 0.20 0.98 2017/18 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Feb 12.35 235.61 63.42 233.07 67.08 11.24 Mar 12.11 236.70 63.26 233.66 66.69 11.71 United States Feb 0.36 41.82 0.27 31.12 11.07 0.27 Mar 0.36 42.00 0.27 31.12 11.25 0.27 Total Foreign Feb 11.99 193.79 63.15 201.95 56.01 10.97 Mar 11.75 194.70 62.98 202.55 55.44 11.43 Major Exporters 3/ Feb 7.81 72.99 0.04 25.99 48.15 6.70 Mar 7.41 73.70 0.04 26.53 47.75 6.87 Argentina Feb 3.33 33.47 0.00 3.06 31.20 2.55 Mar 3.33 33.28 0.00 3.00 30.80 2.81 Brazil Feb 4.00 32.50 0.03 17.48 15.25 3.80 Mar 3.60 33.40 0.03 17.98 15.25 3.80 India Feb 0.48 7.02 0.01 5.45 1.70 0.36 Mar 0.48 7.02 0.01 5.55 1.70 0.26 Major Importers 4/ Feb 1.28 16.48 37.53 53.30 0.50 1.48 Mar 1.25 16.48 37.53 53.29 0.51 1.45 European Union Feb 0.20 11.46 19.20 30.34 0.30 0.21 Mar 0.23 11.46 19.20 30.34 0.30 0.24 Southeast Asia 5/ Feb 1.03 3.25 16.58 19.44 0.20 1.22 Mar 0.98 3.25 16.63 19.48 0.21 1.17 1/ Data based on local marketing years except for Argentina and Brazi l which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argent ina, Brazil, and India. 4/ European Union, Southeast Asia, and Japan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. March 2018 WASDE - 575 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 4.31 51.60 11.64 52.17 11.77 3.61 United States 0.84 9.96 0.13 9.15 1.02 0.77 Total Foreign 3.47 41.65 11.51 43.03 10.75 2.84 Major Exporters 3/ 0.95 18.90 0.39 11.41 8.16 0.67 Argentina 0.37 8.43 0.00 2.83 5.70 0.27 Brazil 0.38 7.63 0.07 6.29 1.55 0.24 European Union 0.20 2.84 0.33 2.29 0.92 0.16 Major Importers 4/ 1.57 15.95 6.85 22.99 0.17 1.21 China 0.78 14.61 0.59 15.35 0.10 0.52 India 0.52 1.03 4.27 5.30 0.00 0.51 North Africa 5/ 0.27 0.32 2.00 2.34 0.07 0.18 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 3.61 53.92 10.89 53.74 11.28 3.39 United States 0.77 10.04 0.15 9.01 1.16 0.78 Total Foreign 2.84 43.89 10.75 44.74 10.12 2.62 Major Exporters 3/ 0.67 18.98 0.35 11.77 7.46 0.77 Argentina 0.27 8.40 0.00 2.97 5.39 0.31 Brazil 0.24 7.85 0.06 6.59 1.24 0.32 European Union 0.16 2.74 0.29 2.21 0.83 0.15 Major Importers 4/ 1.21 17.93 5.81 23.78 0.21 0.96 China 0.52 15.77 0.71 16.35 0.12 0.54 India 0.51 1.66 3.53 5.40 0.00 0.30 North Africa 5/ 0.18 0.50 1.56 2.03 0.09 0.12 2017/18 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Feb 3.29 55.93 11.06 55.97 11.25 3.07 Mar 3.39 56.16 10.75 56.28 10.89 3.14 United States Feb 0.78 10.22 0.14 9.57 0.86 0.70 Mar 0.78 10.27 0.14 9.53 0.86 0.79 Total Foreign Feb 2.52 45.72 10.93 46.40 10.39 2.37 Mar 2.62 45.89 10.62 46.75 10.02 2.35 Major Exporters 3/ Feb 0.76 19.26 0.31 11.92 7.77 0.64 Mar 0.77 19.41 0.31 12.46 7.39 0.64 Argentina Feb 0.31 8.44 0.00 3.05 5.50 0.20 Mar 0.31 8.40 0.00 3.39 5.12 0.20 Brazil Feb 0.32 8.06 0.06 6.72 1.45 0.27 Mar 0.32 8.25 0.06 6.92 1.45 0.26 European Union Feb 0.14 2.76 0.25 2.16 0.82 0.17 Mar 0.15 2.76 0.25 2.16 0.82 0.18 Major Importers 4/ Feb 0.94 19.17 5.91 24.84 0.18 1.00 Mar 0.96 19.18 5.66 24.75 0.18 0.87 China Feb 0.54 17.02 0.50 17.40 0.10 0.56 Mar 0.54 17.02 0.48 17.40 0.10 0.54 India Feb 0.30 1.58 3.65 5.20 0.00 0.32 Mar 0.30 1.58 3.55 5.20 0.00 0.22 North Africa 5/ Feb 0.11 0.57 1.76 2.24 0.08 0.12 Mar 0.12 0.58 1.63 2.15 0.08 0.11 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not ba lance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Mor occo, and Tunisia. March 2018 WASDE - 575 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2016 Annual 25,221 24,941 50,387 40,696 5,981 47,226 97,613 8,579 212.4 2017 I 6,300 6,409 12,764 10,233 1,488 11,849 24,613 2,182 53.6 II 6,404 6,137 12,595 10,407 1,482 12,023 24,618 2,187 55.3 III 6,731 6,239 13,023 10,551 1,479 12,167 25,190 2,204 53.5 IV 6,738 6,796 13,591 10,472 1,533 12,139 25,729 2,235 53.1 Annual Feb Est. 26,173 25,581 51,972 41,659 5,979 48,173 100,145 8,758 215.4 Mar Est. 26,173 25,581 51,972 41,662 5,981 48,178 100,151 8,808 215.5 2018 I* 6,480 6,590 13,125 10,475 1,475 12,075 25,200 2,195 54.4 II* 7,225 6,435 13,712 10,675 1,465 12,280 25,992 2,215 56.2 III* 6,885 6,595 13,533 10,800 1,490 12,430 25,963 2,240 54.2 IV* 7,095 7,290 14,441 10,650 1,545 12,330 26,771 2,285 54.2 Annual Feb Proj. 27,725 26,885 54,826 42,600 5,970 49,118 103,944 8,945 218.7 Mar Proj. 27,685 26,910 54,811 42,600 5,975 49,115 103,926 8,935 219.0 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & mutton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2016 Annual 120.86 46.16 84.3 117.1 85.7 16.30 2017 I 122.96 49.73 88.5 100.4 80.0 18.23 II 132.76 51.70 104.7 99.1 74.7 16.83 III 112.46 55.59 94.9 96.9 102.1 17.70 IV 117.8 8 44.89 86.1 88.0 147.0 17.73 Annual Feb Est. 121.52 50.48 93.5 96.1 100.9 17.63 Mar Est. 121.52 50.48 93.5 96.1 100.9 17.63 2018 I* 124-127 51-52 93-94 78-79 162-165 15.55 -15.75 II* 118-124 50-52 96-100 83-87 113-119 15.25 -15.75 III* 110-120 47-51 84-92 86-94 113-123 15.60 -16.40 IV* 112-122 40-44 83-89 96-104 120-130 16.60 -17.60 Annual Feb Proj. 116-123 47-49 88-94 88-94 114-121 15.70 -16.40 Mar Proj. 116-123 47-50 89-94 86-91 127-134 15.75 -16.35 *Project ion. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. March 2018 WASDE - 575 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2016 683 25,288 3,015 28,986 2,556 757 25,673 55.5 2017 Est. Feb 757 26,240 2,994 29,991 2,862 651 26,478 56.9 Mar 757 26,240 2,994 29,990 2,862 649 26,480 56.9 2018 Proj. Feb 651 27,792 3,030 31,473 3,025 700 27,748 59.2 Mar 649 27,752 3,040 31,441 3,025 700 27,716 59.1 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2016 590 24,956 1,091 26,637 5,239 507 20,891 50.1 2017 Est. Feb 507 25,597 1,116 27,220 5,632 555 21,033 50.1 Mar 507 25,597 1,116 27,220 5,632 554 21,034 50.1 2018 Proj. Feb 555 26,901 1,000 28,456 5,900 660 21,896 51.8 Mar 554 26,926 1,065 28,545 5,925 635 21,985 52.0 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2016 1,320 50,480 4,322 56,123 7,801 1,304 47,018 106.8 2017 Est. Feb 1,304 52,065 4,362 57,731 8,500 1,249 47,982 108.3 Mar 1,304 52,065 4,362 57,731 8,500 1,246 47,985 108.2 2018 Proj. Feb 1,249 54,919 4,284 60,452 8,933 1,402 50,117 112.3 Mar 1,246 54,904 4,359 60,509 8,958 1,377 50,174 112.4 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2016 832 40,261 131 41,224 6,644 778 33,802 89.7 2017 Est. Feb 778 41,213 126 42,117 6,780 855 34,483 91.0 Mar 778 41,217 126 42,120 6,780 856 34,484 90.9 2018 Proj. Feb 855 42,144 130 43,129 6,950 830 35,349 92.6 Mar 856 42,144 130 43,130 6,950 830 35,350 92.5 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2016 201 5,981 50 6,232 569 279 5,384 16.6 2017 Est. Feb 279 5,979 24 6,282 621 311 5,350 16.4 Mar 279 5,981 24 6,284 621 310 5,353 16.4 2018 Proj. Feb 311 5,970 32 6,313 645 300 5,368 16.4 Mar 310 5,975 28 6,313 635 310 5,368 16.4 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2016 1,041 46,790 184 48,015 7,372 1,065 39,578 107.6 2017 Est. Feb 1,065 47,727 154 48,945 7,531 1,170 40,244 108.7 Mar 1,065 47,732 154 48,950 7,531 1,170 40,248 108.6 2018 Proj. Feb 1,170 48,662 166 49,998 7,740 1,138 41,120 110.2 Mar 1,170 48,659 162 49,991 7,730 1,148 41,113 110.1 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2016 2,361 97,270 4,506 104,137 15,173 2,369 86,596 214.4 2017 Est. Feb 2,369 99,792 4,515 106,676 16,032 2,419 88,225 217.0 Mar 2,369 99,797 4,515 106,682 16,032 2,416 88,234 216.8 2018 Proj. Feb 2,419 103,581 4,450 110,450 16,673 2,540 91,237 222.6 Mar 2,416 103,563 4,521 110,500 16,688 2,525 91,287 222.4 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready -to-cook weight for pou ltry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. March 2018 WASDE - 575 - 33 U.S. Egg Supply and Use Commodity 2015 2016 2017 Est. 2017 Est. 2018 Proj. 2018 Proj. Feb Mar Feb Mar Eggs Million Dozen Supply Beginning Stocks 23.3 31.1 27.1 27.1 22.8 22.9 Production 8,052.5 8,578.7 8,758.3 8,807.8 8,945.0 8,935.0 Imports 123.5 121.9 32.3 32.3 40.0 32.0 Total Supply 8,199.3 8,731.7 8,817.7 8,867.2 9,007.8 8,989.9 Use Exports 313.6 279.0 321.1 321.1 320.0 320.0 Hatching Use 995.6 1,009.6 1,034.4 1,034.5 1,050.0 1,050.0 Ending Stocks 31.1 27.1 22.8 22.9 27.0 27.0 Disappearance Total 6,858.9 7,416.0 7,439.4 7,488.7 7,610.8 7,592.9 Per Capita (number) 256.2 274.9 274.2 275.7 278.6 277.6 Total U.S. Milk Supply and Use Commodity 2015 2016 2017 Est. 2017 Est. 2018 Proj. 2018 Proj. Feb Mar Feb Mar Milk Billion Pounds Production 208.6 212.4 215.4 215.5 218.7 219.0 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 10.5 12.3 12.7 12.7 13.5 13.5 Marketings 207.6 211.4 214.4 214.5 217.7 218.0 Imports 5.8 7.0 6.0 6.0 6.0 5.7 Total Cml. Supply 223.9 230.8 233.2 233.2 237.3 237.2 Fat Basis Use Commercial Exports 8.5 8.4 9.3 9.3 9.5 9.6 Ending Commercial Stocks 12.3 12.7 13.5 13.5 12.9 12.8 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercia l Use 203.0 209.6 210.4 210.4 214.9 214.8 Skim -solid Basis Supply Beg. Commercial Stocks 9.4 9.2 9.5 9.5 11.9 11.8 Marketings 207.6 211.4 214.4 214.5 217.7 218.0 Imports 6.0 6.5 6.1 6.1 6.0 5.9 Total Cml. Supply 223.1 227.1 230.0 230.0 235.7 235.7 Skim -solid Basis Use Commercial Exports 37.3 39.0 40.8 40.8 42.5 42.8 Ending Commercial Stocks 9.2 9.5 11.9 11.8 11.6 11.3 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 176.6 178.5 177.3 177.5 181.6 181.6 Total Note: Totals may not add due to rounding. March 2018 WASDE - 575 - 34 U.S. Dairy Prices Commodity 2015 2016 2017 Est. 2017 Est. 2018 Proj. 2018 Proj. Feb Mar Feb Mar Product Prices 1/ Dollars Per Pound Cheese 1.6454 1.6050 1.6344 1.6344 1.530 - 1.600 1.545 - 1.605 Butter 2.0670 2.0777 2.3303 2.3303 2.195 - 2.295 2.210 - 2.300 Nonfat Dry Milk 0.9016 0.8292 0.8666 0.8666 0.715 - 0.775 0.700 - 0.750 Dry Whey 0.3804 0.2875 0.4437 0.4437 0.270 - 0.300 0.265 - 0.295 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 15.80 14.87 16.17 16.17 14.20 - 14.90 14.30 - 14.90 Class IV 14.35 13.77 15.16 15.16 13.35 - 14.15 13.25 - 13.95 All Milk 3/ 17.13 16.30 17.63 17.63 15.70 - 16.40 15.75 - 16.35 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . March 2018 WASDE - 575 - 35 Reliability of March Projections 1/ Note: Tables on pages 35 -37 present a record of the March projection and the final Estimate. Using world wheat production as an example, the "root mea n square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0.6 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 1 percent. The average difference between the March pr ojection a nd the final estimate is 2.4 million tons, ranging from 0 million to 8 million tons. The March projection has been below the estimate 27 times and above 9 times. Differences between forecast and final estimate 90 percent Years Commod ity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 0.6 1.0 2.4 0.0 8.0 27 9 U.S. 0.2 0.3 0.1 0.0 0.3 15 10 Foreign 0.7 1.1 2.4 0.1 8.0 27 9 Exports World 4.4 7.4 4.4 0.0 17.0 31 5 U.S. 3.2 5.4 0.8 0.0 2.4 20 15 Foreign 5.3 9.0 4.2 0.2 16.0 29 7 Domestic Use World 0.9 1.6 4.3 0.2 12.2 15 21 U.S. 3.9 6.5 0.9 0.0 2.4 14 22 Foreign 0.9 1.6 4.0 0.1 11.5 20 16 Ending Stocks World 4.2 7.1 5.2 0.2 14.1 25 11 U.S. 8.3 14.1 1.1 0.0 4.5 21 15 Foreign 4.5 7.7 4.5 0.0 13.5 24 11 COARSE GRAINS 2/ Production World 1.1 1.9 9.6 0.5 23.6 30 6 U.S. 0.2 0.3 0.1 0.0 1.3 16 7 Foreign 1.6 2.7 9.6 0.5 23.6 30 6 Exports World 5.3 9.0 5.2 0.0 24.2 26 10 U.S. 8.2 14.0 3.3 0.0 9.1 17 19 Foreign 8.3 14.1 4.5 0.1 21.5 24 12 Domestic Use World 1.0 1.7 6.9 0.1 24.2 20 16 U.S. 3.0 5.0 4.0 0.2 17.3 12 24 Foreign 1.1 1.9 6.3 0.4 24.6 24 12 Ending Stocks World 8.7 14.7 10.8 0.6 28.2 31 5 U.S. 13.6 23.1 4.7 0.1 15.3 20 16 Foreign 10.9 18.5 8.4 0.5 27.0 32 4 RICE, milled Production World 1.3 2.3 3.5 0.2 13.8 27 9 U.S. 1.3 2.2 0.0 0.0 0.2 11 6 Foreign 1.4 2.3 3.5 0.1 13.8 27 9 Exports World 8.3 14.0 1.4 0.1 5.3 29 7 U.S. 6.9 11.7 0.2 0.0 0.5 18 15 Foreign 9.2 15.7 1.4 0.1 4.9 28 8 Domestic Use World 1.2 2.0 3.3 0.2 13.9 24 12 U.S. 7.0 11.8 0.2 0.0 0.4 13 22 Foreign 1.2 2.0 3.2 0.2 13.5 24 12 Ending Stocks World 8.7 14.8 4.6 0.5 25.8 25 11 U.S. 19.3 32.7 0.2 0.0 0.4 20 15 Foreign 9.0 15.3 4.6 0.3 25.7 25 11 1/ Footnotes at end of table. CONTINUED March 2018 WASDE - 575 - 36 Reliability of March Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 2.3 3.9 3.4 0.1 12.4 20 16 U.S. 1.3 2.3 0.6 0.0 2.5 15 14 Foreign 3.8 6.5 3.4 0.1 12.6 20 16 Exports World 5.6 9.6 2.6 0.0 11.5 24 11 U.S. 6.5 11.1 1.6 0.1 6.7 26 10 Foreign 14.9 25.2 2.3 0.1 9.5 17 19 Domestic Use World 2.1 3.6 2.7 0.0 11.4 19 17 U.S. 3.0 5.1 1.1 0.0 3.0 24 11 Foreign 2.5 4.2 2.2 0.1 12.8 17 19 Ending Stocks World 13.5 22.8 3.7 0.1 13.9 18 18 U.S. 40.9 69.4 2.0 0.1 7.2 9 27 Foreign 14.4 24.4 3.1 0.1 17.1 24 12 COTTON Million 480 -Pound Bales Production World 1.8 3.1 1.3 0.0 5.2 22 12 U.S. 1.0 1.7 0.1 0.0 0.3 13 22 Foreign 2.2 3.7 1.3 0.0 5.3 22 13 Exports World 5.0 8.6 1.2 0.0 6.5 20 15 U.S. 6.6 11.3 0.5 0.0 1.7 16 19 Foreign 6.5 11.0 1.0 0.0 5.8 22 14 Domestic Use World 2.1 3.5 1.4 0.0 6.0 18 18 U.S. 3.7 6.3 0.2 0.0 0.7 19 15 Foreign 3.3 5.7 1.6 0.1 10.0 19 17 Ending Stocks World 8.6 14.6 3.0 0.2 8.5 22 14 U.S. 16.8 28.5 0.6 0.0 1.8 12 24 Foreign 9.4 16.0 2.9 0.0 7.9 24 12 1/ Marketing years 1981/82 through 2016/17 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2016/17. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. March 2018 WASDE - 575 - 37 Reliability of United States March Projections 1/ Differences between forecast and f inal estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 0.2 0.3 2 0 38 1 2 Exports 8.4 14.2 116 13 292 16 20 Domestic Use 2.9 4.9 139 9 474 13 23 Ending Stocks 15.3 26.0 182 3 713 21 15 SORGHUM Production 0.1 0.2 0 0 4 0 2 Exports 13.5 23.0 25 0 90 23 11 Domestic Use 14.4 24.4 31 1 178 15 21 Ending Stocks 42.2 71.7 25 1 148 14 22 BARLEY Production 0.8 1.3 1 0 11 16 4 Exports 16.0 27.2 5 0 20 12 21 Domestic Use 5.6 9.4 14 0 70 14 20 Ending Stocks 12.6 21.3 13 1 53 24 12 OATS Production 0.3 0.6 0 0 2 4 4 Exports 35.1 59.6 1 0 3 5 6 Domestic Use 4.9 8.2 11 1 36 15 21 Ending Stocks 15.6 26.5 12 1 47 20 16 SOYBEAN MEAL Thousand Short Tons Production 2.9 4.9 850 79 2,328 27 9 Exports 8.7 14.8 548 1 2,150 30 6 Domestic Use 2.5 4.3 561 41 2,066 24 12 Ending Stocks 35.2 59.8 63 0 214 15 19 SOYBEAN OIL Million Pounds Production 2.8 4.8 395 7 1,173 27 9 Exports 18.5 31.4 242 0 750 22 13 Domestic Use 2.4 4.1 306 9 760 23 13 Ending Stocks 17.9 30.4 252 17 721 21 15 ANIMAL PROD. Million Pounds Beef 2.6 4.5 540 77 1,613 23 12 Pork 2.9 4.9 340 5 1,667 22 13 Broilers 1.5 2.6 328 16 961 20 15 Turkeys 2.9 5.0 119 3 447 18 17 Million Dozen Eggs 1.7 2.9 85 3 534 21 14 Billion Pounds Milk 1.3 2.3 1.5 0.0 5.2 19 12 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2016/17 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2016/17. Calendar years 1982 through 2016 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2016. WASDE -575-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other g overnment agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov /oce/commodity/wasde. Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usd a.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analy sis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 . WASDE Notification System Subscribers are notified through GovDelivery when the monthly World Agricultural Supply and Demand Estimates (WASDE) report is available. Previous WASDE reports are available at http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1194 For questions contact: Susan Carter at 202- 720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE -575 – March 8, 2018 WASDE Briefing Slides : The briefing slides which accompany today’s WASDE report will be available at http://www.usda.gov/oce/co mmodity/wasde/ Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e -mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu . Select the “Reports by E -Mail” bar to sign up. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 ( voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 594 Approved by the World Agricultura l Outlook Board November 8, 2019 WHEAT: The outlook for 2019/20 U.S. wheat this month is for smaller supplies, reduced domestic use, and lower stocks. Wheat supplies are decreased 42 million bushels , based o n updated production estimates for the S tates resurveyed following the NASS Small Grains Summary , issued September 30. Adjustments to production in these S tates, where significant acreage remained unharvested in early September, lowers production estimate s for Hard Red Spring wheat , White wheat , and Durum with most reductions occurring in North Dakota and Montana. Estimated seed use is reduced 7 million bushels to 61 million, reflecting a projected 2020/21 all wheat planted acreage of 45.0 mil lion. Food use is lowered 5 million bushels to 955 million, primarily based on the NASS Flour Milling Products report, issued November 1. Projected 2019/20 wheat stocks are reduced 30 million bu shels to 1,014 million. The season -average farm price is reduced $0.10 per bushel to $4.60, based on NASS prices reported to date and expectations for cash and futures prices the remainder of the 2019/20 marketing year. The global outlook for wheat this month is for higher supplies, increased exports, fractionally greater consumption, and higher ending stocks. Supplies are raised with increased production forecasts for the EU, Russia, and Ukraine more than offsetting reductions for Argentina and Australi a. EU and Russia production forecasts are raised to 153.0 and 74. 0 million tons, respectively , on updated harvest results. Australia’ s production is lowered to 17.2 million tons on further damage from the continent ’s severe drought and is now forecast lower than last year ’s drought-affected crop . Argentina ’s production i s reduced to 20.0 million tons on dry conditions but remains record large . World exports are raised by 1.0 million tons to 180. 7 million on increases for the EU, Russia, a nd Ukraine more than offsetting reductions for Argentina and Australia. Global consump tion is nearly unchanged at 755.2 million tons , which is 3 percent greater than last year. With global supplies rising more than consumption, 2019/20 ending stocks are raised to a record 288.3 million tons with China comprising 5 1 percent of the total. COARSE GRAINS: This month’s 2019/ 20 U.S. corn outlook is for lower production, reduced use, and smaller ending stocks . Corn production is forecast at 13. 661 billion bushels, down 118 million from last month on a 1.4 -bushel reduction in yield to 167.0 bush els per acre . Feed and residual use is down 25 million bushels based on a smaller crop and higher expected prices . Exports are reduced reflecting the slow pace of early-season sales and shipments . Corn used for ethanol is down 25 million bushels based on September data from the Grain Crushings and Co- Products Production report and weekly ethanol production data as reported by the Energy Information Administration for the month of October . With supply falling more than use , corn ending stocks are lowered 18 million bushels from last month . The season- average corn price received by producers is raised 5 cents to $3.85 per bushel based on observed prices to date. WASDE- 594-2 Glob al coarse grain production for 20 19/20 is forecast 1.8 million tons lower to 1,394.9 millio n. This month ’s 2019/20 foreign coarse grain outlook is for larger production , increased trade, and lower stocks relative to last month. Foreign c orn production is forecast higher as increase s for several African countries , as wel l as Russia and Turke y, more than offset declines for Mexico, Ukraine , and the EU . For Mexico, production is lowered as area for summer season corn is e xpected to be the lowest on record. Yield forecasts for Russia and Ukraine are raised and lowered, respectively, based on observed harvest results to date. Corn ex ports are raised for Brazil and Russia, with reductions for the United States and Mexico. For 2018/19, corn exports for Brazil are raised for the local marketing year beginning March 2019, based on shipme nts observed t hrough O ctober . For 2019/20, corn impo rts are raised for Vietnam, Colombia, Japan , and South Korea . Partly offsetting , are reductions for Iran, Egypt , Malaysia , and Turkey. Foreign corn ending stocks are lower relative to last month, with declines f or Brazil, Iran, Mexico, China, and A rgentina that are partly offset by small increases for several Af rican countries . Global corn ending stocks, at 296.0 millio n tons, are down 6.6 million . RICE : This mon th’s outlook for 2019/20 U.S. rice is for slightly lower supplies, unchanged use, and decreased ending stocks. The NASS November Crop Production report indicated 2019/20 rice production is lowered 0.7 million cwt from the previous forecast to 187.9 million. Long -grain is lowered 0.5 million cwt and c ombined medium - and short -grain is lowered 0.2 million cwt. The average all rice yield is down 29 pounds to 7,587 pounds per acre. The production decrease corresponds t o a 0.7 million cwt decrease in all rice ending stocks. The season- average farm price is unchanged at $13.00 per cwt, up from last year ’s revised $12.30. Global 2019/20 rice supplies are raised 1.4 million tons, mainly on increased beginning stocks ref lecting lower 2018/19 consumption. Several mostly offsetting changes led to fractionally lower global production. India production is raised 1.0 million tons due to ample water supplies and increased planting intentions of the irrigated Rabi crop. Indonesia produc tion is lowered 0.9 million tons due to the delayed onset of the monsoon, and the Philippines are lowered 0.2 million tons as farmers shift production to more profitable crops. Global exports for 2019/20 are lowered fractionally led by a 0.5- million -ton reduction for Thailand as its expor t prices are expected to remain uncompeti tive. Partly offsetting is a 0.2 - million -ton increase in India exports reflecting the larger crop, and a 0.2- million -ton increase for Vietnam on improved price competitivenes s. Global imports are down 0.5 million tons with a 0.8- million -ton increase for Indonesia more than offset by 0.6- million -ton decrease for China, a 0.4- million -ton decrease for Nigeria, and a 0.2 -million -ton decrease for the Philippines. Ending stocks ar e raised 2.0 million tons to a record 17 7.0 million. OILSEEDS : The U.S. soybe an outlook is for slightly lower production, reduced crush , and higher ending stocks. Soybean production is forecast at 3.55 b illion bushels, down less than 1 million on frac tionally lower yields and unchanged harvested area. Soybean crush is reduced 15 million bushels to 2.1 1 billion on lower -than expected early -season crush and reduced soybean meal export prospects. With reduced crush, soybean ending stocks are projected at 475 million bushels, up 15 million. The U.S. season -average soybean price for 2019/20 is forecast at $9.00 per bushel, unchanged from last month. The soybean meal price forecast is also unchanged at $325.00 WASDE- 594-3 per short ton. The soybean oil price is forecast at $0.31 per pound, up $0.01 from last month on sharply higher reported pric es through October. The foreign oilseed supply and demand forecasts for 2019/ 20 includ e lower production, crush , and stocks , compared with last month. Foreign production is forecast at 463.6 million tons, down 3.4 million on lower soybean, cottonseed, su nflowerseed, and rapeseed production. Soybean production for India is reduced 2.0 million tons to 9.0 million on lower yields resulting from excessive late- season rainfall . Soybean production is also reduced for Canada on lower yields . Other production changes include lower sunflowerseed production for Argentina and lower rapeseed production for Australia and the European Union. Fo reign soybean crush changes for 2019/ 20 include reductions for India, China, and Canada. Foreign soybean ending stocks for 2019/ 20 are reduced with lower projections for Argentina, Canada, and India only partly offset with higher forecasts for Brazil and Egypt. SUGAR : Estimates of U.S. sugar supply and use for 2018/19 are revised on complete fiscal year Sweetener Market Dat a (SMD) and trade data through September from U.S. Census and FAS . Beet sugar production is increased 29,680 short tons, raw value ( STRV) and Louisiana cane sugar production is increased 29,015 STRV , both on higher -than-expected production in September 2019 . Deliveries for human consumption are estimated at 1 2.106 million STRV, a reduction of 19,347 from last month. Delivery growth of 0.5 percent over the previous year results from a relatively large increase in direct consumption imports . Combined domestic beet and cane sugar processors ’ deliveries have remained flat since 2016/17 . Ending stocks are estimated at 1.779 million STRV impl ying an ending stocks -to- use ratio of 14.5 percent and adding 54,105 STRV to 2019/20 beginning stocks over last month. Beet sugar production for 2019/20 is projected at 4.588 million STRV, a reduction of 466,485 due to poor harvest conditions resulting in lower s ugarbeet production. Beet processors reduc ed their sliced sugarbeets projection in SMD by 10.3 percent to 28. 442 million tons. The largest reductions are centered in the Red River Valley. Louisiana cane sugar production is reduced by 105,803 STRV to 1. 794 m illion based on a lower NASS sugarcane yield forecast and processors ’ lower recovery rate. Deliveries for huma n consumption are reduced by 25,000 STRV to 12.125 million in line with the reduction for 2018/19. Ending stocks are residually projected at 1. 285 million STRV for an ending stocks -to-use ratio of 10. 5 percent. Estimates of Mexico sugar supply and use for 2018/19 are revised on complete fiscal year data published by CONADESUCA and U.S. Census. Sugar production for 2019/20 is projected at 5.772 million metric tons (MT), a reduction of 293,320 MT from last month. The projection matches the first publishe d CONADESUCA survey of most, if not all, sugar mills in Mexico. Although area harvested is up 0.64 percent, sugarcane yield is down 10.95 p ercent from last year to 63.17 MT/hectare. Drought has severely reduced yields in the Northeast and Gulf of Mexico production regions. Deliveries for human consumption for 2019/20 are projected down 142,587 MT from last month to 4.057 million. This is 35 ,316 MT lower than the estimate for 2018/19 and reportedly attributable to a continuing trend of food manufacturers reformulating the sugar content in products. The FAS Mexico Post also notes the effects of negative health campaigns, increased use of high fructose corn syrup in food and beverage products, and government taxes on sugar -containing products. Ending stoc ks are forecast at 935,751 MT, a sufficient amount to cover delivery needs before the start of the WASDE- 594-4 2020/21 campaign. Exports to non- U.S. des tinations are residually forecast at 641,329 MT. Exports to the United States are unchanged from last month. LIVES TOCK, POULTRY, AND DAIRY : The forecast for 2019 total red meat and poultry production is raised from last month on higher beef, pork , broiler , and turkey production. Beef production is raised from the previous month on higher expected slaughter of both f ed and non- fed cattle. The pork production forecast is raised on both higher hog slaughter and slightly higher carcass weights. The b roiler production forecast is raised as hatchery data points to larger supplies of bir ds available for slaughter in the f ourth quarter. Turkey production is raised on higher -than-expected third- quarter production and higher expected supplies of birds in the fourth quarter . Egg production is reduced on lower reported hatching egg production in the third quarter which more t han offset s higher -than-expected table egg production. However, no change is made to the fourth -quarter production for ecast . For 2020, the total red meat and poultry forecast is increased from last month as higher broiler and turkey production more than offsets a lower beef production forecast . The pork production forecast is unchanged. Broiler and turkey production forecasts are raised as t he increase in production late this year is forecast to carry into late 2020. The beef production forecast is reduced on a slower expected pace of gains in carcass weights. A slightly slower pace of feedlot marketings also contributes to the reduced production forecast. The 20 20 egg production forecast is unchanged from the previous month. Beef and pork trade for 2019 are adjusted to reflect third- quarter reported data; the forecast s for the fourth -quarter 2019 and for 2020 are unchanged from last m onth. The 2019 broiler export forecast is lowered as weaker -than-expected third quarter exports further dampen expec tations for shipments in the fourth quarter; no change is made to the 2020 forecast. Turkey export forecasts for 2019 and 2020 are unchanged . The cattle price forecast is raised for fourth -quarter 2019 based on recent data; no change is made to the 2020 forecast. The 2019 and 2020 hog price forecasts are reduced on current price weakness. The 201 9 broiler price forecast is raised from the previous month on current prices . The price strength is carried into early 2020, but increased production in the later part of 2020 is expected to pressure prices; the 2020 annual price forecast is unchanged . The 2019 and 20 20 turkey price forecasts are unchanged from the previous month. The egg price forecast for 2019 is increased on current price strength, but the 2020 forecast is unchanged. The m ilk production forecast s for 201 9 and 20 20 are r aised from the previous month as stronger growth in milk per cow more than offsets a slower expected recovery in the cow inventory. The 2019 fat basis import forecast is raised on recent trade data; the 2020 import forecast is unchanged. The fat basis export forecast for 20 20 is lowered as higher domestic cheese prices are expected to affect the competitiveness of U.S. cheese in international markets. The skim -solids basis import forecast for 2019 is reduced on lower imports of milk protein products . The 2020 f orecast is unchanged. The 2019 s kim-solids basis export forecast is raised on stronger sales of nonfat/ skim milk powder (NDM/SMP). The 2020 forecast is unchanged as weak exports of ch eese and whey products offset higher expected NDM/SMP sales . WASDE- 594-5 Cheese and nonfat dr y milk (NDM) price forecasts for both 2019 and 202 0 are raised from last month on strength i n demand. For both 2019 and 2020, butter and whey prices are lowered on current pr ice weakness which is expected to carry into 2020. The 2019 Class III and Class IV pr ice forecast s are raised as the higher cheese price more than offsets the lower whey pr ice. The 2019 Class IV price is raised as the higher NDM price more than offsets a wea ker butter price, but for 2020, the lower butter price outweighs the higher NDM price and the Class IV price is reduced. The 2019 all milk price forecast is raised to $18.60 per cwt ; the 2020 all milk price is forecast unchanged at $18.85 per cwt. COTTON : This month ’s 2019/ 20 U.S. cotton estimates include low er production and ending stocks due to a smaller crop in the Southwest. While the U.S. production forecast is r educed 4 percent, to 20.8 million bales, domestic mill use and exports are unchanged. U.S. ending stocks are now 900,000 bales lower at 6.1 million but, at 3 1 percent, are still forecast at their highest share of use since 2008/09. The marketing -year average price received by upland producers is forecast at 61 cents per pound, 5 percent ( 3 cents) above the October forecast , but 13 percent lower than the final 201 8/19 price of 70.3 cents . This month’ s 2019/20 world cotton forecasts include lower production, lower ending stocks and higher world trade. World production is reduced nearly 3 .0 million bales, with reductions occurring primarily in the United States, Pa kistan, India, and China. There are also smaller declines in the production estimates for Turk ey and T urkmenistan. World trade is forecast 1.1 million bales higher, with higher imports by Turkey, Pakistan, and India more than offsetting a 200,000 -bale decline in Indonesia. Higher exports are projected from Brazil, Malaysia, Benin, Greece, India, and several smaller countries. With little change from the previous month in beginning stocks or consumption, world 2019/20 cotton ending stocks are projected nearly 3 .0 million bales lower this month . At 8 0.8 million bales, world ending stocks in 2019/20 are for ecast nearly unchanged from 2018/19. Approved by the Secretary of Agriculture and t he Acting- Chairman of the World Agricultural Outlook Board, Mark Jekanowski , (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates C ommittees. APPROVED BY : STEPHEN CENSKY SECRETARY OF AGRICULTURE DESIGN ATE WASDE- 594-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estima tes (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers, ICEC Chair, WAOB, [email protected] Jennifer Bond, ERS; Andrew Sowell, FAS; Pete Ri ley, FPAC. Rice: William Chambers, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Nicole Podesta, FAS; Vidalina Abadam, FPAC . Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Tom Capehart, ERS; Yoonhee Macke, FAS; Sharon Raszap, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Mark Ash, ERS; Bill George, FAS; Sherrie Grimm, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; James Johnson, F AS; Kent Lanclos, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Michael McConnell, ERS; Ron Lord, FAS; Barbara Fecso, FPAC. Meat Animal s: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Lindsay Kuberka, FAS. Poultry: Shayle Shagam, ICEC Chai r, WAOB, [email protected] Peyton Ferrier, AMS; Kim Ha, ERS; Claire Mezoughem, FAS . Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS ; Paul Kiendl, FAS. In 2019, the WASDE report will be released on Dec 10 . In 2020, the WASDE report will be released on Jan 10, Feb 11, Mar 10, Apr 9, May 12, June 11, July 10, Aug 12, Sep 11, Oct 9, Nov 10, and Dec 10 . WASDE- 594-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U. S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Fe ed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice S upply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Product ion .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Us e ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subs criptions ...................................................................... 40 November 2019 WASDE - 594 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2017/18 2618.41 3416.96 414.83 2600.42 816.54 2018/19 (Est.) 2629.43 3445.97 428.40 2647.47 798.49 filler filler filler filler filler 2019/20 (Proj.) Oct 2659.68 3460.07 426.56 2663.17 796.90 2019/20 (Proj.) Nov 2658.19 3456.69 428.02 2664.54 792.15 filler filler filler filler filler Wheat 2017/18 762.31 1025.03 182.47 742.31 282.73 2018/19 (Est.) 731.28 1014.01 172.89 736.11 277.90 filler filler filler filler filler 2019/20 (Proj.) Oct 765.23 1042.91 179.68 755.11 287.80 2019/20 (Proj.) Nov 765.55 1043. 45 180.68 755.17 288.28 filler filler filler filler filler Coarse Grains 5/ 2017/18 1361.22 1747.20 185.23 1375.95 371.25 2018/19 (Est.) 1398.80 1770.05 211.36 1422.75 347.30 filler filler filler filler filler 2019/20 (Proj.) Oct 1396.68 1747.53 201.01 1413. 52 334.01 2019/20 (Proj.) Nov 1394.89 1742.19 201.56 1415.37 326.83 filler filler filler filler filler Rice, milled 2017/18 494.88 644.73 47.13 482.17 162.56 2018/19 (Est.) 499.34 661.90 44.15 488.61 173.29 filler filler filler filler filler 2019/20 (Proj.) Oct 497.77 669.62 45.88 494.54 175.09 2019/20 (Proj.) Nov 497.76 671.05 45.78 494.01 177.04 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2017/18 437.43 541.29 94.57 357.95 88.76 2018/19 (Est.) 438.36 534.34 83.39 362.37 88.58 filler filler filler filler filler 2019/20 (Proj.) Oct 423.03 519.25 79.77 356.92 82.56 2019/20 (Proj.) Nov 419.05 515.22 78.76 355.32 81.14 filler filler filler filler filler Wheat 2017/18 47.38 83.81 24.66 29.25 29.91 2018/19 (Est.) 51.31 84.89 25.48 30.02 29.39 filler filler filler filler filler 2019/20 (Proj.) Oct 53.39 86.04 25.86 31.79 28.40 2019/20 (Proj.) Nov 52.26 84.91 25.86 31.46 27.59 filler filler filler filler filler Coarse Grains 5/ 2017/18 384.39 449.48 67.16 324.41 57.92 2018/19 (Est.) 379.93 440.49 54.94 327.77 57.77 filler filler filler filler filler 2019/20 (Proj.) Oct 363.65 424.85 50.90 320.97 52.98 2019/20 (Proj.) Nov 360.82 421.98 49.89 319.70 52.39 filler filler filler filler filler Rice, milled 2017/18 5.66 8.00 2.76 4.30 0.93 2018/19 (Est.) 7.12 8.97 2.97 4.58 1.42 filler filler filler filler filler 2019/20 (Proj.) Oct 5.99 8.35 3.02 4.16 1.18 2019/20 (Proj.) Nov 5.97 8.33 3.02 4.16 1.16 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/im port imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixe d grains). November 2019 WASDE - 594 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2017/18 2,180.98 2,875.6 7 320.25 2,242.47 727.78 2018/19 (Est.) 2,191.07 2,911.62 345.01 2,285.10 709.92 filler filler filler filler filler 2019/20 (Proj.) Oct 2,236.65 2,940.82 346.78 2,306.25 714.34 2019/20 (Proj.) Nov 2,239.15 2,941.47 349.26 2,309. 22 711.00 filler filler filler filler filler Wheat 2017/18 714.93 941.22 157.81 713.06 252.82 2018/19 (Est.) 679.98 929.12 147.41 706.09 248.51 filler filler filler filler filler 2019/20 (Proj.) Oct 711.84 956.87 153.82 723.32 259.40 2019/20 (Proj.) Nov 713.29 958.54 154.82 723.71 260.68 filler filler filler filler filler Coarse Grains 5/ 2017/18 976.83 1,297.72 118.08 1,051.55 313.33 2018/19 (Est.) 1,018.87 1,329.57 156.41 1,094.98 289.54 filler filler filler filler filler 2019/20 (P roj.) Oct 1,033.03 1,322.68 150.10 1,092.55 281.03 2019/20 (Proj.) Nov 1,034.06 1,320.21 151.67 1,095.67 274.43 filler filler filler filler filler Rice, milled 2017/18 489.23 636.73 44.37 477.87 161.63 2018/19 (Est.) 492.22 652.93 41.18 484.0 3 171.87 filler filler filler filler filler 2019/20 (Proj.) Oct 491.78 661.27 42.86 490.38 173.91 2019/20 (Proj.) Nov 491.79 662.72 42.76 489.85 175.89 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estima te. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, a nd mixed grain s. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2017/18 123.78 204.07 41.41 122.76 80.94 2018/19 (Est.) 118.80 199.74 41.28 120.29 80.55 filler filler filler filler filler 2019/20 (Proj.) Oct 124.77 205.50 42.91 121.61 83.69 2019/20 (Proj.) Nov 121.94 202.49 44.03 121.49 80.80 filler filler filler filler filler United States 2017/18 20.92 23.68 16.28 3.23 4.20 2018/19 (Est.) 18.37 22.57 14.76 2.98 4.85 filler filler filler filler filler 2019/20 (Proj.) Oct 21.71 26.56 16.50 3.00 7.00 2019/20 (Proj.) Nov 20.82 25.67 16.50 3.00 6.10 filler filler filler filler filler Foreign 4/ 2017/18 102.86 180.40 25.14 119.54 76.74 2018/19 (Est.) 100.43 177.17 26.52 117.31 75.70 filler filler filler filler filler 2019/20 (Proj.) Oct 103.07 178.94 26.41 118.61 76.69 2019/20 (Proj.) Nov 101.12 176.82 27.53 118.49 74.70 filler filler filler filler filler 1/ Marketing y ear beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. November 2019 WASDE - 594 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2017/18 580.77 690.45 176.30 484.13 116.52 2018/19 (Est.) 596.69 713.20 171.18 489.90 127.77 filler filler filler filler filler 2019/20 (Proj.) Oct 574.85 703.02 172.38 498.21 109.75 2019/20 (Proj.) Nov 571.30 699.06 172.55 494.66 109.99 filler filler filler filler filler Oilmeals 2017/18 331.71 349.08 89.12 328.60 16.56 2018/19 (Est.) 333.79 350.34 93.42 331.69 14.88 filler filler filler filler filler 2019/20 (Proj.) Oct 340.32 355.04 94.21 338.20 14.27 2019/20 (Proj.) Nov 337.76 352.64 93.64 336.39 13.79 filler filler filler filler filler Vegetable O ils 2017/18 198.67 219.33 79.87 192.25 22.22 2018/19 (Est.) 203.24 225.46 86.19 200.14 21.09 filler filler filler filler filler 2019/20 (Proj.) Oct 207.50 228.78 88.61 205.21 19.66 2019/20 (Proj.) Nov 206.47 227.55 88.69 204.54 19.09 filler filler filler filler filler United States Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2017/18 131.48 142.50 59.31 60.17 13.83 2018/19 (Est.) 130.72 145.65 48.70 61.03 26.66 filler filler filler filler filler 2019/20 (Proj.) Oct 107.93 135.94 49.53 62.32 14.19 2019/20 (Proj.) Nov 107.74 135.58 49.53 61.60 14.63 filler filler filler filler filler Oilmeals 2017/18 47.03 51.17 13.00 37.61 0.56 2018/19 (Est.) 46.52 51.02 12.58 38.01 0.42 filler filler filler filler filler 2019/20 (Proj.) Oct 47.77 52.07 12.74 38.91 0.42 2019/20 (Proj.) Nov 47.33 51.59 12.42 38.75 0.42 filler filler filler filler filler Vegetable Oils 2017/18 12.11 18.12 1.34 15.54 1.24 2018/19 (Es t.) 12.19 18.14 1.10 15.88 1.16 filler filler filler filler filler 2019/20 (Proj.) Oct 12.58 18.54 1.02 16.46 1.05 2019/20 (Proj.) Nov 12.41 18.37 1.01 16.34 1.02 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Endin g Sto c ks Oilseeds 2017/18 449.29 547.94 116.99 423.97 102.69 2018/19 (Est.) 465.97 567.55 122.48 428.87 101.11 filler filler filler filler filler 2019/20 (Proj.) Oct 466.92 567.08 122.84 435.89 95.56 2019/20 (Proj. ) Nov 463.55 563.49 123.01 433.06 95.37 filler filler filler filler filler Oilmeals 2017/18 284.69 297.91 76.12 291.00 16.00 2018/19 (Est.) 287.27 299.33 80.83 293.68 14.46 filler filler filler filler filler 2019/20 (Proj.) Oct 292.56 302.97 81.48 299.29 13.84 2019/20 (Proj.) Nov 290.43 301.05 81.22 297.64 13.37 filler filler filler filler filler Vegetable Oils 2017/18 186.56 201.21 78.52 176.71 20.98 2018/19 (Est.) 191.05 207.32 85.10 184.26 19.92 filler filler filler filler filler 2019/ 20 (Proj.) Oct 194.92 210.24 87.59 188.75 18.61 2019/20 (Proj.) Nov 194.06 209.18 87.68 188.20 18.07 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oil seeds. 3/ Total Foreign is equal to World minus United States. November 2019 WASDE - 594 - 11 U.S. Wheat Supply and Use 1/ 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Oct Nov Millio n Acres Area Planted 46.1 47.8 45.2 45.2 Area Harvested 37.6 39.6 38.1 37.2 Bushels Yield per Harvested Acre 46.4 47.6 51.6 51.7 Million Bushels Beginning Stocks 1,181 1,099 1,080 1,080 Production 1,741 1,885 1,962 1,920 Imports 158 135 120 120 Supply, Total 3,080 3,119 3,161 3,120 Food 964 955 960 955 Seed 63 59 68 61 Feed and Residual 47 90 140 140 Domestic, Total 1,075 1,103 1,168 1,156 Exports 906 936 950 950 Use, Total 1,981 2,039 2,118 2,106 Ending Stocks 1,099 1,080 1,043 1,014 Avg. Farm Price ($/bu) 2/ 4.72 5.16 4.70 4.60 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2018/19 (Est.) Beginning Stoc ks 581 191 205 87 35 1,099 Production 662 587 286 272 78 1,885 Supply, Total 3/ 1,248 846 495 365 165 3,119 Domestic Use 401 324 209 81 88 1,103 Exports 331 259 128 196 22 936 Use, Total 732 583 337 277 110 2,039 Ending Stocks, Tota l 516 263 158 88 55 1,080 2019/20 (Proj.) Beginning Stocks 516 263 158 88 55 1,080 Production 833 522 239 272 54 1,920 Supply, Total 3/ 1,354 840 402 365 159 3,120 Domestic Use 481 306 191 90 88 1,156 Exports 380 255 100 190 25 950 Use, Total 861 561 291 280 113 2,106 Ending Stocks, Total Nov 493 279 111 85 46 1,014 Ending Stocks, Total Oct 491 308 110 85 49 1,043 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketin g-year weight ed average price received by farmers. 3/ Includes imports. November 2019 WASDE - 594 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Oct Nov Milli on Acres Area Planted 100.9 100.1 100.7 100.7 Area Harvested 90.5 89.6 89.6 89.5 Metric Tons Yield per Harvested Acre 4.24 4.24 4.06 4.03 Million Metric Tons Beginning Stocks 62.1 57.9 57.8 57.8 Production 384.1 379.7 363.4 360.6 Imports 2.7 2.3 3.1 3.1 Supply, Total 449.0 440.0 424.3 421.4 Feed and Residual 138.6 147.6 140.3 139.7 Food, Seed & Industrial 185.3 179.7 180.1 179.5 Domestic, Total 323.9 327.3 320.4 319.1 Exports 67.2 54.9 50.9 49.9 Use, Total 391.1 382.2 371.3 369.0 Ending Stocks 57.9 57.8 53.0 52.4 CORN 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Proj. October November Million Acres Area Planted 90.2 89.1 89.9 89.9 Area Harvested 82.7 81.7 81.8 81.8 Bushels Yield per Harves ted Acr e 176.6 176.4 168.4 167.0 Million Bushels Beginning Stocks 2,293 2,140 2,114 2,114 Production 14,609 14,420 13,779 13,661 Imports 36 28 50 50 Supply, Total 16,939 16,588 15,944 15,825 Feed and Residual 5,304 5,618 5,300 5,275 Food, Se ed & In dustrial 2/ 7,057 6,791 6,815 6,790 Ethanol & by -products 3/ 5,605 5,376 5,400 5,375 Domestic, Total 12,361 12,409 12,115 12,065 Exports 2,438 2,065 1,900 1,850 Use, Total 14,798 14,474 14,015 13,915 Ending Stocks 2,140 2,114 1,929 1,910 Avg. Farm Price ($/bu) 4/ 3.36 3.61 3.80 3.85 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook t able 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by -products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing - year weighted average price received by farmers. November 2019 WASDE - 594 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2017/18 2018/19 Est. 2019/20 Proj. 2019 /20 Pro j. Oct Nov Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 5.6 5.7 5.3 5.3 Area Harvested (mil. acres) 5.0 5.1 4.7 4.7 Yield (bushels/acre) 71.7 72.1 73.9 75.9 Beginning Stocks 33 35 64 64 Production 362 365 349 358 Imports 2 0 0 0 Supply, Total 397 400 412 421 Feed and Residual 102 138 160 160 Food, Seed & Industrial 60 106 100 100 Total Domestic 162 244 260 260 Exports 200 93 100 110 Use, Total 362 336 360 370 Ending Stocks 35 64 52 51 Avg. Farm P rice ($/bu) 2/ 3.22 3.26 3.40 3.40 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Proj. October November Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.5 2.5 2.7 2.7 Area Harves ted (mi l. acr es) 2.0 2.0 2.2 2.2 Yield (bushels/acre) 73.0 77.5 77.4 77.7 Beginning Stocks 106 94 87 87 Production 143 154 171 170 Imports 9 6 10 8 Supply, Total 259 254 268 264 Feed and Residual 2 8 15 15 Food, Seed & Industrial 157 155 153 153 Total D omestic 159 162 168 168 Exports 5 5 3 3 Use, Total 164 167 171 171 Ending Stocks 94 87 97 93 Avg. Farm Price ($/bu) 2/ 4.47 4.62 4.65 4.70 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Proj. Octob er November Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.6 2.7 2.8 2.8 Area Harvested (mil. acres) 0.8 0.9 0.8 0.8 Yield (bushels/acre) 61.7 64.9 64.4 64.3 Beginning Stocks 50 41 38 38 Production 50 56 54 53 Imports 89 87 95 95 Supp ly, Total 189 184 187 186 Feed and Residual 68 66 70 70 Food, Seed & Industrial 77 78 78 78 Total Domestic 146 144 148 148 Exports 2 2 2 2 Use, Total 148 146 150 150 Ending Stocks 41 38 37 36 Avg. Farm Price ($/bu) 2/ 2.59 2.66 2.95 2.95 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. November 2019 WASDE - 594 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Oct Nov Million Acres Area Planted 2.46 2.95 2.54 2.54 Area Harvested 2.37 2.92 2.48 2.48 Fil ler Pounds Yield per Harvested Acre 7,507 7,692 7,616 7,587 Million Hundredweight Beginning Stocks 2/ 46.0 29.4 44.9 44.9 Production 178.2 224.2 188.6 187.9 Imports 27.5 29.0 29.6 29.6 Supply , Tot al 251.8 282.6 263.1 262.4 Domestic & Residual 3/ 135.4 144.1 131.0 131.0 Exports, Total 4/ 87.1 93.6 95.0 95.0 Rough 28.8 33.0 33.0 33.0 Milled (rough equiv.) 58.2 60.6 62.0 62.0 Use, Total 222.4 237.7 226.0 226.0 Endin g Stocks 29.4 44.9 37.1 36.4 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 12.90 12.30 13.00 13.00 Total LONG -GRAIN RICE 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Proj. October November Harvested Acres (mil.) 1.75 2.18 Yield (pounds/acre) 7,314 7,517 Beginning Stocks 31.0 20.3 32.6 32.6 Production 127.9 164.0 127.5 127.1 Supply, Total 7/ 182.2 207.7 184.1 183.7 Domestic & Residual 3/ 98.6 109.4 98.0 98.0 Exports 8/ 63.2 65.7 66.0 66.0 Use, Total 161.9 175.1 164.0 164.0 Ending Stocks 20.3 32.6 20.1 19.7 Avg. Farm Price ($/cwt) 6/ 11.50 10.80 11.80 11.80 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2017/18 2018/19 E st. 2019/20 Pro j. 2019/ 20 Pr oj. October November Harvested Acres (mil.) 0.63 0.73 Yield (pounds/acre) 8,048 8,209 Beginning Stocks 11.5 7.6 10.2 10.2 Production 50.4 60.3 61.1 60.9 Supply, Total 7/ 68.2 72.8 76.9 76.7 Domestic & Residual 3 / 36.7 34.8 33.0 33.0 Exports 8/ 23.8 27.8 29.0 29.0 Use, Total 60.6 62.6 62.0 62.0 Ending Stocks 7.6 10.2 14.9 14.7 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 17.00 17.60 16.50 16.50 California 10/ 20.10 20.00 18.50 18.50 Other States 1/ 11.70 12.30 12.30 12.30 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of e nding st ocks by type (in mil. cwt): 2015/16 -2.9; 2016/17 -3.5; 2017/18 -3.5. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and e nding st ocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in Califor nia. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the pre liminary California SAFP forecast and the final price has averaged $0.98 per cwt from 2014/15 -2017/18, with a high of $3.50 per cwt in 2017/18 and a low of -$0.20 per cwt in 2015/16. 10/ Marketing year beginning October 1. November 2019 WAS DE - 594 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Oct Nov Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 90.2 89.2 76.5 76.5 Area Harvested 89.5 87.6 75.6 75.6 Fil ler Bushels Yield per Harvested Acre 49.3 50.6 46.9 46.9 Million Bushels Beginning Stocks 302 438 913 913 Production 4,412 4,428 3,550 3,550 Imports 22 14 20 20 Supply, Total 4,735 4,880 4,483 4,483 Crushings 2,055 2,092 2,120 2,105 Exports 2,134 1,748 1,775 1,775 Seed 104 89 96 96 Residual 5 39 32 32 Use, Total 4,297 3,967 4,023 4,008 Ending Stocks 438 913 460 475 Avg. Farm Price ($/bu) 2/ 9.33 8.48 9.00 9.00 Total SOYBEAN OIL 2017/ 18 2018/19 E st. 2019/20 Proj. 2019/20 Proj. October November Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,711 1,995 1,710 1,776 Production 4/ 23,772 24,195 24,590 24,420 Imports 335 398 450 450 Supply, Tot al 25,819 26,589 26,750 26,646 Domestic Disappearance 21,380 22,872 23,500 23,500 Biodiesel 3/ 7,134 8,000 8,500 8,500 Food, Feed & other Industrial 14,247 14,872 15,000 15,000 Exports 2,443 1,941 1,725 1,700 Use, Total 23,823 24,813 25,225 25,200 Ending stocks 1,995 1,776 1,525 1,446 Avg. Price (c/lb) 2/ 30.04 28.26 30.00 31.00 Total SOYBEAN MEAL 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Proj. October November Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 401 555 450 402 Production 4/ 49,226 48,809 49,800 49,498 Imports 483 684 500 500 Supply, Total 50,109 50,048 50,750 50,400 Domestic Disappearance 35,537 36,092 36,650 36,650 Exports 14,016 13,554 13,700 13,350 Use, Total 49,554 49,646 50,350 50,000 Ending Stocks 555 402 400 400 Avg. Price ($/s.t.) 2/ 345.02 308.28 325.00 325.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybe an oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made from methyl e ster as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,085 million bushels for 2018/19 and 2,105 million bushels for 2019/20. November 2019 WASDE - 594 - 16 U.S. Sug ar Supply an d Use 1/ 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Oct Nov Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,876 2,008 1,725 1,779 Production 2/ 9,293 8,994 9,184 8,612 Beet Sugar 5,279 4,937 5,055 4,588 Cane Sugar 4,014 4,057 4,129 4,024 Florida 1,983 2,005 2,096 2,096 Hawaii 0 0 0 0 Louisiana 1,862 1,904 1,900 1,794 Texas 169 147 134 134 Imports 3,277 3,070 3,165 3,159 TRQ 3/ 1,663 1,541 1,627 1,621 Other Program 4/ 326 438 350 350 Other 5/ 1,287 1,092 1,188 1,188 Mexico 1,223 1,000 1,118 1,118 Total Supply 14,445 14,072 14,074 13,550 Exports 170 35 35 35 Deliveries 12,185 12,231 12,255 12,230 Food 12,048 12,106 12,150 12,125 Other 6/ 137 126 105 105 Miscellaneous 82 27 0 0 Total Use 12,438 12,292 12,290 12,265 Ending Stocks 2,008 1,779 1,784 1,285 Stocks to Use Ratio 16.1 14.5 14.5 10.5 Total 1/ Fiscal years beginni ng Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2018/19 and 2019/20 are based on Crop Production and/or processor projections where appropriate. 3/ For 2018/ 19, WTO raw s ugar TRQ shortfall (56) and for 2019/20 (99). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Imports from Mexico; and high- tier tariff sugar and syrups not otherwise specified -- for 2018/19 (91) and 2019/20 (70). 6/ Transfe rs accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE- reporte d deliveries: 2 017/18 -- 278; estimated 2018/19 -- 324; projected 2019/20 -- 340. Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Me tric Tons, Actua l Weight 2018/19 Est. Oct 1,395 6,426 86 4,565 2,194 1,148 2018/19 Est. Nov 1,395 6,426 85 4,532 2,204 1,169 2019/20 Proj. Oct 1,148 6,065 70 4,624 1,695 963 2019/20 Proj. Nov 1,169 5,772 85 4,492 1,598 936 1/ HFCS consumpt ion b y Mexico (1,000 metric tons, dry basis): 2017/18 = 1,593; Estimated 2018/19 = 1,528; Projected 2019/20 = 1,520. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexi co's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2018/19 (460 est); 2019/20 (435 proj). Other Deliveries/Ending Year Statistical Adjustments: 2018/19 ( -20), 2019/20 (0). Novemb er 2019 WASDE - 594 - 17 U.S. Cotton Supply and Use 1/ 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Oct Nov Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 12.72 14.10 13.76 13.76 Harves ted 11.10 10.21 12.51 12.51 Fil ler Pounds Yield per Harvested Acre 905 864 833 799 Million 480 Pound Bales Beginning Stocks 2.75 4.20 4.85 4.85 Production 20.92 18.37 21.71 20.82 Imports 0.00 0.00 0.01 0.01 Supply, Total 23.68 22.57 26.56 25.67 Domest ic Use 3.23 2.98 3.00 3.00 Exports, Total 16.28 14.76 16.50 16.50 Use, Total 19.50 17.74 19.50 19.50 Unaccounted 2/ -0.03 -0.02 0.06 0.07 Ending Stocks 4.20 4.85 7.00 6.10 Avg. Farm Price 3/ 68.6 70.3 58.0 61.0 Total Note: Relia bility calcul ations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per po und for uplan d cotto n. November 2019 WASDE - 594 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 262.72 762.31 180.03 146.50 742.31 182.47 282.73 World Less China 147.79 627.98 176.09 129.00 621.31 181.46 151.53 United States 32.13 47.38 4.30 1.29 29.25 24.66 29.91 Total Foreign 230.59 714.93 175.72 145.22 713.06 157.81 252.82 Major Exporters 4 / 36.22 333.09 6.96 89.73 205.50 131.17 39.61 Argentina 0.25 18.50 0.01 0.05 5.55 12.73 0.47 Australia 5.73 20.94 0.16 4.00 7.48 13.85 5.51 Canada 6.93 30.38 0.45 4.38 9.28 22.00 6.48 European Union 5/ 10.72 151.13 5.82 58.00 130.4 0 23.38 13.89 Russia 10.82 85.17 0.47 20.00 43.00 41.43 12.03 Ukraine 1.77 26.98 0.06 3.30 9.80 17.78 1.24 Major Importers 6/ 160.57 202.93 115.67 37.70 289.75 12.42 177.00 Bangladesh 1.76 1.15 6.15 0.25 7.05 0.00 2.02 Brazil 2.26 4.26 7.02 0.50 12.00 0.23 1.31 China 114.93 134.33 3.94 17.50 121.00 1.00 131.20 Japan 1.21 0.97 5.88 0.75 6.60 0.28 1.18 N. Africa 7/ 14.28 19.25 27.45 2.25 45.23 0.88 14.87 Nigeria 0.20 0.07 5.16 0.05 4.83 0.40 0.20 Sel. Mideast 8/ 16.65 18.36 18.46 4.10 37.92 0.90 14.65 Southeast Asia 9/ 5.68 0.00 26.06 8.99 25.44 1.11 5.19 Selected Other India 9.80 98.51 1.17 5.00 95.68 0.57 13.23 Kazakhst an 3.54 14.80 0.10 2.10 6.90 9.00 2.54 2018/19 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 282.73 731.28 169.91 139.76 736.11 172.89 277.90 World Less China 151.53 599.85 166.77 119.76 611.11 171.8 9 138.13 United States 29.91 51.31 3.67 2.44 30.02 25.48 29.39 Total Foreign 252.82 679.98 166.24 137.31 706.09 147.41 248.51 Major Exporters 4/ 39.61 302.60 7.17 82.19 196.59 120.58 32.21 Argentina 0.47 19.50 0.01 0.05 6.05 12.00 1.93 Australia 5.51 17.30 0.36 5.70 9.20 9.01 4.96 Canada 6.48 32.20 0.48 3.94 8.84 24.41 5.92 European Union 5/ 13.89 136.86 5.76 52.00 123.20 23.31 10.00 Russia 12.03 71.69 0.45 18.00 40.50 35.84 7.82 Ukraine 1.24 25.06 0.11 2.50 8.80 16.02 1.59 Major Importers 6/ 177.00 200.19 110.93 38.44 293.69 12.33 182.10 Bangladesh 2.02 1.00 5.00 0.28 7.08 0.00 0.94 Brazil 1.31 5.43 7.02 0.50 12.10 0.60 1.06 China 131.20 131.43 3.15 20.00 125.00 1.01 139.77 Japan 1.18 0.88 5.73 0.68 6.53 0.29 0.97 N. Africa 7/ 14.87 21.00 26.93 2.25 46.15 1.19 15.46 Nigeria 0.20 0.06 4.59 0.05 4.25 0.40 0.20 Sel. Mideast 8/ 14.65 18.37 17.23 3.55 37.90 0.58 11.77 Southeast Asia 9/ 5.19 0.00 26.16 8.14 25.34 1.10 4.92 Selected Other India 13.23 99.87 0.02 5.00 95.63 0.50 16.99 Kazakhstan 2.54 13.95 0.09 1.80 6.60 8.30 1.68 1/ Aggregate of local marketing years. 2/ Total fo reign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Arge ntina, Austra lia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vi etnam, Lebano n, Iraq, Ira n, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Ma laysia, Philippines, Thailand, and Vietnam. November 2019 WASDE - 594 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Oct 277.68 765.23 175.68 148.47 755.11 179.68 287.80 Nov 277.90 765.55 176.53 148.47 755.17 180.68 288.28 World Less China Oct 137.92 633.23 172.48 127.47 627.11 178.38 142.14 Nov 138.13 633.55 173.33 127.47 627.17 179.38 142.61 United States Oct 29.39 53.39 3.27 3.81 31.79 25.86 28.40 Nov 29.39 52.26 3.27 3.81 31.46 25.86 27.59 Total Foreign Oct 248.30 711.84 172.41 144.66 723.32 153.82 259.40 Nov 248.51 713.29 173.27 144.66 723.71 154.82 260.68 Major Exp orters 4/ Oct 32.54 324.70 6.66 85.85 200.45 130.00 33.45 Nov 32.21 326.20 6.66 85.85 200.45 131.00 33.62 Argentina Oct 1.83 20.50 0.01 0.05 6.05 14.50 1.79 Nov 1.93 20.00 0.01 0.05 6.05 14.00 1.89 Austral ia Oct 4.97 18.00 0.15 5.00 8.50 9.50 5.12 Nov 4.96 17.20 0.15 5.00 8.50 9.00 4.81 Canada Oct 5.92 33.00 0.45 4.50 9.50 24.50 5.37 Nov 5.92 33.00 0.45 4.50 9.50 24.50 5.37 European Union 5/ Oct 10.00 152.00 5.50 56.00 127.50 28.00 12.00 Nov 10.00 153.00 5.50 56.00 127.50 29.00 12.00 Russia Oct 8.25 72.50 0.48 17.00 39.50 34.00 7.72 Nov 7.82 74.00 0.48 17.00 39.50 34.50 8.29 Ukraine Oct 1.59 28.70 0.08 3.30 9.40 19.50 1.46 Nov 1.59 29.00 0.08 3.30 9.40 20.00 1.26 Major Importers 6/ Oct 181.41 203.07 114.99 39.66 299.72 13.05 186.70 Nov 182.10 203.29 115.49 39.66 299.72 13.05 188.11 Bangladesh Oct 0.66 1.10 6.00 0.30 7.20 0.00 0.56 Nov 0.94 1.10 6.00 0.30 7.20 0.00 0.84 Brazil Oct 1.06 5.30 7.70 0.50 12.20 0.60 1.26 Nov 1.06 5.30 7.70 0.50 12.20 0.60 1.26 China Oct 139.77 132.00 3.20 21.00 128.00 1.30 145.67 Nov 139.77 132.00 3.20 21.00 128.00 1.30 145.67 Japan Oct 0.97 0.95 5.90 0.70 6.50 0.28 1.04 Nov 0.97 0.95 5.90 0.70 6.50 0.28 1.04 N. Africa 7/ Oct 15.45 18.87 27.40 2.25 46.75 0.89 14.09 Nov 15.46 18.87 27.40 2.25 46.75 0.89 14.09 Nigeria Oct 0.20 0.06 5.10 0.05 4.76 0.40 0.20 Nov 0.20 0.06 5.10 0.05 4.76 0.40 0.20 Sel. Mideast 8/ Oct 11.36 22.46 17.29 3.92 39.04 0.72 11.35 Nov 11.77 22.68 17.09 3.92 39.04 0.72 11.78 Southeast Asia 9/ Oct 4.92 0.00 27.10 8.04 25.82 1.07 5.14 Nov 4.92 0.00 27.10 8.04 25.82 1.07 5.14 Selected Other India Oct 17.11 102.19 0.02 6.00 98.00 0.50 20.82 Nov 16.99 102.19 0.02 6.00 98.00 0.50 20.70 Kazakhstan Oct 1.83 11.50 0.06 1.80 6.60 5.20 1.59 Nov 1.68 11.50 0.06 1.80 6.60 5.20 1.44 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Eur opean Union, Russia, and Ukr aine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan , Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand , and Vietnam. November 2019 WASDE - 594 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 385.99 1,361.22 187.74 834.74 1,375.95 185.23 371.25 World Less China 162.49 1,095.50 171.31 637.19 1,093.35 185.17 148.27 United States 62.17 384.39 2.93 138.73 324.41 67.16 57.92 Total Foreign 323.82 976.83 184.81 696.01 1,051.55 118.08 313.33 Major Exporters 4/ 38.41 252.15 3.69 125.43 169.45 97.68 27.12 Argentina 6.70 39.32 0.01 11.98 17.61 24.91 3.50 Australia 2.65 12.19 0.00 3.94 5.81 6.74 2.29 Brazil 14.49 85.06 1.46 56.70 67.18 24.16 9.67 Canada 5.56 26.24 1.77 15.92 23.23 5.78 4.57 Russia 2.06 41.72 0.13 21.57 31.02 11.52 1.37 Ukraine 3.01 34.07 0.05 8.44 11.82 22.50 2.81 Major Importers 5/ 38.21 245.11 133.71 283.62 367.84 10.01 39.18 Europea n Union 6/ 15.11 152.12 19.40 120.85 162.37 7.92 16.35 Japan 1.69 0.19 17.58 13.67 17.66 0.00 1.80 Mexico 6.00 33.19 16.36 29.20 48.41 0.96 6.18 N. Afr & Mideast 7/ 7.13 29.07 39.13 59.33 67.45 0.13 7.76 Saudi Arabia 2.54 0.26 11.99 12.28 12.70 0.00 2.08 Southeast Asia 8/ 3.29 30.00 14.54 36.27 44.49 1.01 2.34 South Korea 1.77 0.20 10.19 7.80 10.31 0.00 1.86 Selected Other China 223.49 265.72 16.43 197.55 282.60 0.06 222.98 2018/19 Est. Beginning Sto c ks Produ ction Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 371.25 1,398.80 191.83 852.57 1,422.75 211.36 347.30 World Less China 148.27 1,133.40 181.29 657.32 1,135.58 211.29 135.62 United States 57.92 379.93 2.64 147.75 327.77 54.94 57.77 Total Foreign 313.33 1,018.87 189.20 704.82 1,094.98 156.41 289.54 Major Exporters 4/ 27.12 292.53 5.65 124.82 169.16 133.96 22.18 Argentina 3.50 59.23 0.01 12.49 18.35 39.41 4.99 Australia 2.29 10.93 0.00 4.39 6.46 4.41 2.36 Brazil 9.67 104.33 2.00 58.45 69.48 41.04 5.49 Canada 4.57 26.19 2.83 16.32 23.68 5.97 3.94 Russia 1.37 35.00 0.06 18.70 27.27 8.07 1.10 Ukraine 2.81 44.50 0.06 7.93 11.16 34.06 2.16 Major Importers 5 / 39.18 243.03 141.94 294.63 379.34 10.08 34.73 European Union 6/ 16.35 147.91 26.00 126.60 168.57 8.49 13.20 Japan 1.80 0.18 17.73 13.77 17.88 0.00 1.82 Mexico 6.18 33.40 17.11 31.07 50.31 0.80 5.58 N. Afr & Mideast 7 / 7.76 31.08 38.87 61.96 70.08 0.10 7.53 Saudi Arabia 2.08 0.29 10.31 10.75 11.24 0.00 1.45 Southeast Asia 8/ 2.34 29.88 16.75 37.59 45.62 0.68 2.66 South Korea 1.86 0.20 10.96 8.54 11.08 0.00 1.94 Selec ted Other China 222.98 265.41 10.54 195.25 287.17 0.07 211.69 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world u se adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Aust ralia, Brazil, Canad a, Russia and Ukraine. 5/ The European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Liby a, Morocco, Syria, Tunisia, and T urkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2019 WASDE - 594 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Oct 350.85 1,396.68 199.73 855.30 1,413.52 201.01 334.01 Nov 347.30 1,394.89 201.43 857.26 1,415.37 201.56 326.83 World Less China Oct 138.59 1,134.21 185.33 660.80 1,120.67 200.95 137.78 Nov 135.62 1,132.41 187.03 662.56 1,122.52 201.50 131.18 United States Oct 57.77 363.65 3.43 140.51 320.97 50.90 52.98 Nov 57.77 360.82 3.39 139.88 319.70 49.89 52.39 Total Foreign Oct 293.08 1,033.03 196.30 714.79 1,092.55 150.10 281.03 Nov 289.54 1,034.06 198.05 717.38 1,095.67 151.67 274.43 Major Exporters 4/ Oct 24.80 302.69 3.03 126.60 172.82 129.05 28.65 Nov 22.18 302.48 3.05 126.55 171.64 131.40 24.67 Argentina Oct 5.39 57.73 0.01 13.02 19.66 36.61 6.86 Nov 4.99 57.63 0.01 13.02 19.46 36.71 6.46 Australia Oct 2.32 11.50 0.00 4.40 6.47 5.12 2.24 Nov 2.36 11.00 0.00 4.15 6.22 4.87 2.28 Brazil Oct 7.62 104.23 1.70 58.87 70.95 34.01 8.59 Nov 5.49 104.35 1.70 58.87 70.00 36.01 5.52 Cana da Oct 3.94 28.56 1.03 15.80 23.06 5.96 4.51 Nov 3.94 28.56 1.03 15.80 23.06 5.96 4.51 Russia Oct 1.10 39.88 0.09 19.83 28.38 10.92 1.78 Nov 1.10 40.38 0.09 20.23 28.78 11.42 1.38 Ukraine Oct 2.16 46.20 0.03 8.01 11.33 34.94 2.12 Nov 2.16 46.04 0.03 7.81 11.16 34.94 2.13 Major Importers 5/ Oct 36.00 256.34 144.88 301.73 387.42 10.38 39.42 Nov 34.73 253.80 146.05 303.20 388.80 9.66 36.13 European Union 6/ Oct 13.18 158.75 22.01 126.40 168.97 7.96 17.01 Nov 13.20 158.55 22.01 126.60 169.17 7.93 16.66 Japan Oct 1.79 0.18 17.37 13.46 17.57 0.00 1.77 Nov 1.82 0.18 17.77 13.96 18.07 0.00 1.71 Mexico Oct 5.80 33.10 18.01 32.41 51.69 1.50 3.72 Nov 5.58 30.60 18.16 31.61 50.69 0.80 2.85 N. Afr & Mideast 7/ Oct 8.30 32.81 42.92 65.67 74.00 0.19 9.83 Nov 7.53 32.96 42.24 65.94 74.37 0.19 8.17 Saudi Arabia Oct 1.75 0.25 12.51 12.25 12.70 0.00 1.82 Nov 1.45 0.27 12.51 12.25 12.71 0.00 1.53 Southeast Asi a 8/ Oct 2.76 30.96 17.26 38.96 47.11 0.74 3.14 Nov 2.66 30.96 18.26 39.96 48.11 0.74 3.04 South Korea Oct 1.89 0.20 10.61 8.25 10.84 0.00 1.86 Nov 1.94 0.20 10.91 8.55 11.14 0.00 1.92 Selected Other China Oct 212.26 262.48 14.40 194.50 292.85 0.06 196.23 Nov 211.69 262.48 14.40 194.70 292.85 0.06 195.65 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and w orld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countri es. 4/ Argent ina, Australia, Brazil, Canada, Russia and Ukraine. 5/ The European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jor dan, Libya, M orocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2019 WASDE - 594 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Product ion Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 352.16 1,080.02 149.96 672.39 1,090.45 148.19 341.72 World Less China 129.14 820.94 146.50 485.39 827.45 148.17 119.20 United States 58.25 371.10 0.92 134.73 313.98 61.92 54.37 Total Foreign 293.91 708.92 149.05 537.66 776.47 86.28 287.35 Major Exporters 4/ 25.32 164.42 1.18 81.63 102.63 72.26 16.02 Argentina 5.27 32.00 0.01 8.50 12.40 22.47 2.41 Brazil 14.02 82.00 0.92 54.00 63.50 24.15 9.28 Russia 0.78 13.20 0.05 7.40 8.30 5.53 0.20 South Africa 3.70 13.10 0.17 6.83 12.23 2.07 2.67 Ukraine 1.55 24.12 0.04 4.90 6.20 18.04 1.47 Major Importers 5/ 21.93 126.08 88.35 154.80 208.95 3.71 23.71 Egypt 1.89 6.40 9.46 13.40 15.90 0.01 1.85 European Union 6/ 7.60 62.02 18.47 57.00 76.50 1.75 9.84 Japan 1.32 0.00 15.67 12.00 15.60 0.00 1.39 Mexico 5.41 27.57 16.13 24.30 42.50 0.96 5.65 Southeast Asia 7/ 3.28 29.95 14.20 36.20 44.10 1.00 2.33 South Korea 1.76 0.07 10.02 7.70 10.00 0.00 1.85 Selected Other 0.00 Canada 2.57 14.10 1.70 8.87 14.02 1.94 2.42 China 223.02 259.07 3.46 187.00 263.00 0.02 222.53 2018/19 Est . Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 341.72 1,125.01 161.97 704.79 1,146.67 180.30 320.06 World Less China 119.20 867.68 157.48 514.79 873.67 180.28 108.74 United States 54.37 366.29 0.71 142.70 315.20 52.46 53.71 Total Foreign 287.35 758.73 161.26 562.09 831.47 127.84 266.35 Major Exporters 4/ 16.02 210.97 2.00 84.00 106.00 111.30 11.69 Argentina 2.41 51.00 0.01 9.70 13.80 36.00 3.61 Brazil 9.28 101.00 1.30 55.50 65.50 41.00 5.08 Russia 0.20 11.42 0.05 7.50 8.40 3.00 0.26 South Africa 2.67 11.75 0.60 6.50 12.20 1.00 1.82 Ukraine 1.47 35.81 0.04 4.80 6.10 30.30 0.91 Major Importers 5/ 23.71 128.60 97.97 170.00 224.60 4.78 20.90 Egypt 1.85 6.80 9.40 13.70 16.20 0.00 1.84 European Union 6/ 9.84 64.22 24.80 68.00 88.00 3.30 7.55 Japan 1.39 0.00 16.05 12.30 16.00 0.00 1.44 Mexico 5.65 27.60 16.40 25.70 43.90 0.80 4.95 Southeast Asi a 7/ 2.33 29.83 16.38 37.50 45.20 0.68 2.65 South Korea 1.85 0.08 10.86 8.50 10.85 0.00 1.93 Selected Other 0.00 Canada 2.42 13.89 2.77 9.50 14.70 1.80 2.58 China 222.53 257.33 4.48 190.00 273.00 0.02 211.32 1/ Aggre gate of local marketing year s. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Arge ntina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra- trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietna m. November 2019 WASDE - 594 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Oct 324.03 1,104.01 166.09 693.8 6 1,125.49 166.59 302.55 Nov 320.06 1,102.16 167.44 694.89 1,126.27 167.05 295.96 World Less China Oct 112.19 850.01 159.09 505.86 848.49 166.57 106.73 Nov 108.74 848.16 160.44 506.89 849.27 167.03 100.6 6 United Sta tes Oct 53.71 350.01 1.27 134.6 3 307.74 48.26 48.99 Nov 53.71 347.01 1.27 133.99 306.47 46.99 48.53 Total Foreign Oct 270.32 754.00 164.82 559.23 817.76 118.33 253.56 Nov 266.35 755.16 166.17 560.90 819.80 120.06 247.43 Major Exporte rs 4/ Oct 14.51 214.50 1.17 85.20 108.80 104.20 17.17 Nov 11.69 214.50 1.17 84.70 107.30 106.70 13.35 Argentina Oct 4.09 50.00 0.01 10.30 15.00 33.50 5.59 Nov 3.61 50.00 0.01 10.30 15.00 33.50 5.12 Brazil Oct 7.28 101.00 1.00 56.00 67.00 34.00 8.28 Nov 5.08 101.00 1.00 56.00 66.00 36.00 5.08 Russia Oct 0.26 13.50 0.04 7.50 8.40 5.20 0.20 Nov 0.26 14.00 0.04 7.50 8.40 5.70 0.20 South Africa Oct 1.97 14.00 0.10 6.60 12.30 1.50 2.27 Nov 1.82 14.00 0.10 6.60 12.30 1.50 2.12 Ukraine Oct 0.91 36.00 0.02 4.80 6.10 30.00 0.83 Nov 0.91 35.50 0.02 4.30 5.60 30.00 0.83 Major Importers 5/ Oct 21.49 129.27 95.80 166.50 221.75 4.24 20.56 Nov 20.90 127.03 97.20 167.60 222.65 3.54 18.93 Egypt Oct 2.13 6.40 10.20 14.20 16.70 0.01 2.02 Nov 1.84 6.40 9.90 14.20 16.70 0.01 1.43 European Union 6/ Oct 7.55 64.80 21.00 62.00 82.50 2.00 8.85 Nov 7.55 64.56 21.00 62.00 82.50 2.00 8.61 Japan Oct 1.40 0.00 15.60 11.90 15.60 0.00 1.40 Nov 1.44 0.00 16.00 12.40 16.10 0.00 1.34 Mexico Oct 5.25 27.00 17.50 27.00 45.20 1.50 3.05 Nov 4.95 25.00 17.50 26.30 44.30 0.80 2.35 Southeast Asia 7/ Oct 2.75 30.91 16.90 38.90 46.70 0.73 3.12 Nov 2.65 30.91 17.90 39.90 47.70 0.73 3.02 South Korea Oct 1.88 0.08 10.50 8.20 10.60 0.00 1.85 Nov 1.93 0.08 10.80 8.50 10.90 0.00 1.91 Selected Other Canada Oct 2.58 14.00 1.00 8.50 13.70 1.50 2.38 Nov 2.58 14.00 1.00 8.50 13.70 1.50 2.38 China Oct 211.84 254.00 7.00 188.00 277.00 0.02 195.82 Nov 211.32 254.00 7.00 188.00 277.00 0.02 195.30 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World im ports and exports may not balance due to dif ferences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European Union, Japan, Mexico, Southeast Asia, a nd South Kore a. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2019 WASDE - 594 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 149.84 494.88 46.70 482.17 47.13 162.56 World Less China 51.34 346.01 41.20 339.68 45.75 53.56 United States 1.46 5.66 0.87 4.30 2.76 0.93 Total Foreign 148.38 489.23 45.83 477.87 44.37 161.63 Major Exporters 4/ 27.64 181.69 0.76 144.77 36.45 28.88 Burma 0.55 13.20 0.01 10.20 2.75 0.81 India 20.55 112.76 0.00 98.67 12.04 22.60 Pakistan 1.34 7.50 0.00 3.40 4.01 1.42 Thailand 4.24 20.58 0.25 11.00 11.06 3.01 Vietnam 0.97 27.66 0.50 21.50 6.59 1.03 Major Importers 5/ 108.70 241.09 21.35 248.06 1.82 121.25 China 98.50 148.87 5.50 142.49 1.39 109.00 European Union 6/ 1.19 2.01 2.01 3.68 0.35 1.18 Indonesia 2.92 37.00 2.35 38.10 0.00 4.16 Nigeria 1.86 4.73 2.00 6.90 0.00 1.69 Philippines 2.00 12.24 1.30 13.25 0.00 2.29 Sel. Mideast 7/ 0.86 2.22 3.62 5.80 0.00 0.91 Selected Other 0.00 Braz il 0.63 8.20 0.56 7.75 1.15 0.49 C. Amer & Carib 8/ 0.68 1.64 1.66 3.27 0.04 0.68 Egypt 1.43 4.30 0.09 4.20 0.05 1.56 Japan 2.41 7.79 0.69 8.60 0.06 2.22 Mexico 0.17 0.18 0.81 0.92 0.10 0.15 South Korea 2.00 3.97 0.40 4.75 0.06 1.56 2018/19 Est. Beginning Sto c ks Production Imports Total /2 Dom estic Exports Ending Sto c ks World 3/ 162.56 499.34 43.71 488.61 44.15 173.29 World Less China 53.56 350.85 40.91 345.64 41.38 58.74 United States 0.93 7.12 0.92 4.58 2.97 1.42 Total Foreign 161.63 492.22 42.79 484.03 41.18 171.87 Major Exporters 4/ 28.88 185.26 0.66 147.15 32.40 35.25 Burma 0.81 13.18 0.01 10.50 2.40 1.10 India 22.60 116.42 0.00 100.00 11.00 28.02 Pakistan 1.42 7.40 0.00 3.45 4.10 1.27 Thailand 3.01 20.34 0.25 11.70 8.20 3.70 Vietnam 1.03 27.92 0.40 21.50 6.70 1.16 Major Importers 5/ 121.25 241.97 16.42 249.87 3.20 126.58 China 109.00 148.49 2.80 142.97 2.77 114.55 European Union 6/ 1.18 1.94 2.10 3.78 0.32 1.13 Indonesia 4.16 36.70 0.40 38.00 0.00 3.26 Nigeria 1.69 4.79 1.90 7.00 0.00 1.38 Philippines 2.29 11.73 3.57 14.10 0.00 3.49 Sel. Mideast 7/ 0.91 2.01 3.75 5.87 0.00 0.80 Selected Other 0.00 Brazil 0.49 7.14 0.90 7.55 0.75 0.23 C. Amer & Carib 8/ 0.68 1.69 1.82 3.48 0.03 0.67 Egypt 1.56 2.80 0.90 4.15 0.02 1.09 Japan 2.22 7.66 0.69 8.50 0.06 2.01 Mexico 0.15 0.19 0.76 0.92 0.03 0.15 South Korea 1.56 3.87 0.41 4.71 0.10 1.02 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both d omestic use and unreported disappear ance. 3/ World imports and exports may not balance due to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, In donesia, Iran, Iraq, and Saudi Arabi a. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. November 2019 WASDE - 594 - 25 World Rice Supply and Use (Milled Basis) 1/ (Con t'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Oct 171.85 497.77 43.85 494.54 45.88 175.09 Nov 173.29 497.76 43.35 494.01 45.78 177.04 World Less China Oct 56.85 351.77 40.75 351.54 42.58 57.29 Nov 58.74 351.76 40.85 351.01 42.48 60.29 United States Oct 1.42 5.99 0.94 4.16 3.02 1.18 Nov 1.42 5.97 0.94 4.16 3.02 1.16 Total Foreign Oct 170.43 491.78 42.91 490.38 42.86 173.91 Nov 171.87 491.79 42.41 489.85 42.76 175.89 Major Exporters 4/ Oct 33.43 183.60 0.66 149.30 33.98 34.41 Nov 35.25 184.60 0.66 149.10 33.75 37.66 Burma Oct 0.90 13.30 0.01 10.50 2.63 1.08 Nov 1.10 13.30 0.01 10.55 2.50 1.36 India Oct 26.20 114.00 0.00 102.10 11.80 26.30 Nov 28.02 115.00 0.00 102.00 12.00 29.02 Pakistan Oct 1.27 7.50 0.00 3.55 4.00 1.22 Nov 1.27 7.50 0.00 3.55 4.00 1.22 Thailand Oct 3.70 20.50 0.25 11.20 9.00 4.25 Nov 3.70 20.50 0.25 11.40 8.50 4.55 Vietnam Oct 1.36 28.30 0.40 21.95 6.55 1.56 Nov 1.16 28.30 0.40 21.60 6.75 1.51 Major Importers 5/ Oct 126.99 241.70 16.03 251.41 3.71 129.60 Nov 126.58 240.60 15.43 250.58 3.71 128.32 China Oct 115.00 146.00 3.10 143.00 3.30 117.80 Nov 114.55 146.00 2.50 143.00 3.30 116.75 European Union 6/ Oct 1.13 2.01 2.05 3.80 0.30 1.09 Nov 1.13 2.01 2.05 3.80 0.30 1.09 Indonesia Oct 3.26 37.40 0.60 38.10 0.00 3.16 Nov 3.26 36.50 1.40 38.10 0.00 3.06 Nigeria Oct 1.29 4.90 2.20 7.30 0.00 1.09 Nov 1.38 4.90 1.80 7.00 0.00 1.08 Philippines Oct 3.49 12.20 2.70 14.60 0.00 3.79 Nov 3.49 12.00 2.50 14.20 0.00 3.79 Sel. Mideast 7/ Oct 0.80 2.29 3.68 6.06 0.00 0.71 Nov 0.80 2.29 3.68 6.08 0.00 0.69 Selected Other Brazil Oct 0.23 7.14 1.10 7.60 0.50 0.37 Nov 0.23 7.14 1.10 7.60 0.50 0.37 C. Amer & Carib 8/ Oct 0.67 1.55 1.90 3.44 0.03 0.65 Nov 0.67 1.55 2.00 3.54 0.03 0.65 Egypt Oct 1.09 4.30 0.30 4.35 0.10 1.24 Nov 1.09 4.30 0.30 4.35 0.10 1.24 Japan Oct 2.01 7.80 0.69 8.40 0.07 2.03 Nov 2.01 7.80 0.69 8.40 0.07 2.03 Mexico Oct 0.15 0.20 0.79 0.93 0.02 0.19 Nov 0.15 0.20 0.79 0.93 0.02 0.19 South Korea Oct 1.02 3.88 0.41 4.48 0.06 0.78 Nov 1.02 3.88 0.41 4.48 0.06 0.78 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic incl udes both domestic use and unreported disap pearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi A rabia. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. November 2019 WASDE - 594 - 26 World Cotton Supply and Use 1/ (Million 4 80-Pound Bales) 2017/18 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 80.29 123.78 41.16 122.76 41.41 0.12 80.94 World Less China 34.37 96.28 35.45 81.76 41.28 0.12 42.95 United States 2.75 20.92 3/ 3.23 16.28 -0.03 4.20 Total Foreign 77.54 102.86 41.16 119.54 25.14 0.15 76.74 Major Exporters 4/ 21.90 57.10 2.47 32.75 21.76 0.02 26.94 Central Asia 5/ 2.18 6.50 3/ 3.38 2.53 0.00 2.77 Afr. Fr. Zone 6/ 1.46 5.44 3/ 0.14 5.06 0.00 1.70 S. Hemis. 7/ 10.18 15.70 0.24 4.44 8.65 0.01 13.01 Australia 2.19 4.80 3/ 0.04 3.92 0.00 3.04 Brazil 6.93 9.22 0.08 3.40 4.17 0.00 8.66 India 7.88 29.00 1.68 24.15 5.18 0.00 9.23 Major Importers 8/ 54.18 42.93 36.05 82.74 2.35 0.12 47.95 Mexico 0.45 1.56 0.93 1.90 0.35 0.03 0.66 China 45.92 27.50 5.71 41.00 0.14 0.00 37.99 European Union 9/ 0.19 1.53 0.73 0.75 1.37 0.04 0.30 Turkey 1.53 4.00 4.02 7.45 0.33 0.00 1.78 Pakistan 2.32 8.20 3.40 10.90 0.16 0.03 2.83 Indonesia 0.62 3/ 3.52 3.50 0.01 0.00 0.63 Thailand 0.20 3/ 1.15 1.13 0.00 0.03 0.20 Bangladesh 1.63 0.14 7.60 7.50 0.00 0.01 1.86 Vietnam 0.88 3/ 7.00 6.60 0.00 0.00 1.29 2018/19 Est. Beginning Sto c ks Production Imports Dom estic Use Exports Loss /2 Ending Sto c ks World 80.94 118.80 42.50 120.29 41.28 0.12 80.55 World Less China 42.95 91.05 32.86 80.79 41.07 0.12 44.88 United States 4.20 18.37 3/ 2.98 14.76 -0.02 4.85 Total Foreign 76.74 100.43 42.50 117.31 26.52 0.14 75.70 Major Exporters 4/ 26.94 54.83 2.50 32.99 22.31 0.02 28.95 Central Asia 5/ 2.77 5.44 3/ 3.80 1.95 0.00 2.47 Afr. Fr. Zone 6/ 1.70 5.36 3/ 0.14 5.55 0.00 1.37 S. Hemis. 7/ 13.01 16.89 0.18 4.39 10.86 0.01 14.82 Australia 3.04 2.20 3/ 0.04 3.63 0.00 1.57 Brazil 8.66 12.52 0.02 3.40 6.01 0.00 11.78 India 9.23 26.50 1.80 24.00 3.51 0.00 10.01 Major Importers 8 / 47.95 42.65 37.46 80.16 2.99 0.11 44.80 Mexico 0.66 1.74 0.85 1.95 0.50 0.03 0.77 China 37.99 27.75 9.64 39.50 0.21 0.00 35.67 European Union 9/ 0.30 1.72 0.64 0.69 1.72 0.03 0.23 Turkey 1.78 3.70 3.50 6.90 0.48 0.00 1.59 Pakistan 2.83 7.60 2.85 10.70 0.06 0.03 2.50 Indonesia 0.63 3/ 3.05 3.15 0.01 0.00 0.53 Thailand 0.20 3/ 1.08 1.08 0.00 0.03 0.18 Bangladesh 1.86 0.14 7.20 7.40 0.00 0.01 1.78 Vietnam 1.29 3/ 6.90 7.00 0.00 0.00 1.19 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the market ing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition t o the countri es and regions listed. 5/ Azerbaijan, Kazakhstan , Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia , Brazil, Les otho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. November 2019 WASDE - 594 - 27 World Cotton Su pply and Use 1/ (Million 480 -Pound Bales) 2019/20 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Oct 80.73 124.77 42.90 121.61 42.91 0.19 83.69 Nov 80.55 121.94 44.03 121.49 44.03 0.20 80.80 World Less China Oct 45.06 97.02 33.40 82.11 42.74 0.19 50.45 Nov 44.88 94.69 34.53 81.99 43.85 0.20 48.06 United States Oct 4.85 21.71 0.01 3.00 16.50 0.06 7.00 Nov 4.85 20.82 0.01 3.00 16.50 0.07 6.10 filler filler filler filler filler filler filler Total Foreign Oct 75.88 103.07 42.90 118.61 26.41 0.13 76.69 Nov 75.70 101.12 44.03 118.49 27.53 0.13 74.70 Major Exporters 4/ Oct 29.23 57.09 2.28 33.94 22.43 0.02 32.21 Nov 28.95 56.44 2.48 33.75 23.13 0.02 30.97 Centra l Asia 5/ Oct 2.52 5.40 3/ 3.99 1.53 0.00 2.40 Nov 2.47 5.25 3/ 4.04 1.53 0.00 2.15 Afr. Fr. Zone 6/ Oct 1.37 5.89 3/ 0.14 5.41 0.00 1.71 Nov 1.37 5.89 3/ 0.14 5.66 0.00 1.46 S. Hemis. 7/ Oct 15.09 14.82 0.18 4.40 11.19 0.01 14.49 Nov 14.82 14.82 0.18 4.38 11.54 0.01 13.89 Australia Oct 1.57 1.20 3/ 0.04 1.70 0.00 1.04 Nov 1.57 1.20 3/ 0.04 1.70 0.00 1.04 filler filler filler filler filler filler filler Brazil Oct 12.01 11.60 0.03 3.40 8.30 0.00 11.94 Nov 11.78 11.60 0.03 3.40 8.60 0.00 11.41 India Oct 10.03 30.50 1.60 24.75 4.00 0.00 13.38 Nov 10.01 30.00 1.80 24.50 4.10 0.00 13.21 Major Importers 8/ Oct 44.89 42.93 38.13 80.49 2.70 0.11 42.64 Nov 44.80 41.63 38.97 80.54 2.84 0.11 41.90 Mexico Oct 0.77 1.58 0.85 2.00 0.45 0.03 0.72 Nov 0.77 1.58 0.85 2.00 0.45 0.03 0.72 China Oct 35.67 27.75 9.50 39.50 0.18 0.00 33.25 Nov 35.67 27.25 9.50 39.50 0.18 0.00 32.75 European Union 9/ Oct 0.24 1.76 0.68 0.71 1.67 0.03 0.27 Nov 0.23 1.86 0.65 0.69 1.76 0.03 0.26 Turkey Oct 1.69 4.10 3.20 6.90 0.35 0.00 1.74 Nov 1.59 3.80 3.80 7.10 0.35 0.00 1.74 Pakistan Oct 2.50 7.60 3.10 10.70 0.05 0.03 2.42 Nov 2.50 7.00 3.60 10.70 0.10 0.03 2.27 Indonesia Oct 0.51 3/ 3.30 3.20 0.01 0.00 0.61 Nov 0.53 3/ 3.10 3.10 0.01 0.00 0.53 Thailand Oct 0.18 3/ 1.05 1.03 0.00 0.03 0.18 Nov 0.18 3/ 1.05 1.03 0.00 0.03 0.18 Bangladesh Oct 1.78 0.14 7.30 7.40 0.00 0.01 1.81 Nov 1.78 0.14 7.30 7.40 0.00 0.01 1.81 Vietnam Oct 1.19 3/ 7.50 7.40 0.00 0.00 1.29 Nov 1.19 3/ 7.50 7.40 0.00 0.00 1.29 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2 / Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3 / Less t han 5,000 bal es. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoir e, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Braz il, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. November 2019 WASDE - 594 - 28 World Soyb ean Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 95.62 341.61 153.29 294.90 338.34 153.07 99.11 World Less China 75.50 326.33 59.20 204.90 232.04 152.93 76.04 United States 8.21 120.07 0.59 55.93 58.87 58.07 11.92 Total Foreign 87.41 221.54 152.70 238.97 279.47 94.99 87.19 Major Exporters 3/ 60.64 171.43 4.89 85.08 94.17 85.55 57.25 Argentina 27.00 37.80 4.70 36.93 43.63 2.13 23.73 Brazil 33.21 122.00 0.18 44.21 46.51 76.14 32.74 Paraguay 0.44 10.30 0.01 3.87 3.94 6.03 0.77 Major Importers 4/ 22.79 19.19 124.51 116.06 140.35 0.43 25.71 China 20.12 15.28 94.10 90.00 106.30 0.13 23.06 European Union 1.15 2.54 14.58 14.95 16.60 0.28 1.40 Southeast Asia 1.15 0.69 7.71 3.46 8.64 0.02 0.88 Mexico 0.15 0.43 4.87 5.25 5.29 0.00 0.17 2018/19 Est. Beginni ng Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ 99.11 358.21 145.72 298.55 344.24 149.13 109.66 World Less China 76.04 342.31 63.18 213.55 242.24 149.01 90.28 United States 11.92 120.52 0.38 56.94 60.41 47.56 24.85 Total Foreign 87.19 237.69 145.33 241.61 283.83 101.57 84.82 Major Exporters 3/ 57.25 183.98 6.56 87.54 97.15 92.21 58.43 Argentina 23.73 55.30 6.41 40.56 47.45 9.10 28.89 Brazil 32.74 117.00 0.14 43.00 45.64 74.86 29.38 Parag uay 0.77 8.85 0.01 3.90 3.98 5.50 0.15 Major Imp orters 4/ 25.71 19.77 115.21 113.30 138.49 0.33 21.88 China 23.06 15.90 82.54 85.00 102.00 0.12 19.39 European Union 1.40 2.66 15.05 16.20 17.86 0.18 1.08 Southeast Asi a 0.88 0.66 9.09 4.20 9.56 0.04 1.03 Mexico 0.17 0.34 5.23 5.50 5.54 0.00 0.20 2019/20 Proj. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ Oct 109.87 338.97 148.10 305.21 352.34 149.39 95.21 Nov 109.66 336.56 148.54 302.71 349.60 149.75 95.42 World Less China Oct 90.13 321.87 63.10 220.21 249.64 149.27 76.19 Nov 90.28 319.46 63.54 218.21 247.40 149.62 76.26 United States Oct 24.85 96.62 0.54 57.70 61.19 48.31 12.52 Nov 24.85 96.62 0.54 57.29 60.78 48.31 12.92 Total Foreign Oct 85.03 242.35 147.55 247.52 291.15 101.09 82.69 Nov 84.82 239.95 147.99 245.42 288.82 101.44 82.50 Major Exporters 3/ Oct 58.20 188.40 4.11 91.73 101.75 92.83 56.13 Nov 58.43 188.40 4.11 91.73 101.70 93.13 56.11 Argentina Oct 29.20 53.00 3.90 44.00 51.15 8.00 26.95 Nov 28.89 53.00 3.90 44.00 51.10 8.80 25.89 Brazil Oct 28.84 123.00 0.20 43.75 46.54 76.50 29.00 Nov 29.38 123.00 0.20 43.75 46.54 76.00 30.04 Paraguay Oct 0.15 10.20 0.01 3.90 3.98 6.20 0.18 Nov 0.15 10.20 0.01 3.90 3.98 6.20 0.18 Major Importers 4/ Oct 22.29 20.81 119.14 113.81 139.96 0.39 21.89 Nov 21.88 20.81 119.24 113.31 139.46 0.42 22.05 China Oct 19.74 17.10 85.00 85.00 102.70 0.13 19.02 Nov 19.39 17.10 85.00 84.50 102.20 0.13 19.16 European Union Oct 1.14 2.60 15.10 15.90 17.56 0.23 1.05 Nov 1.08 2.60 15.20 15.90 17.56 0.25 1.07 Southeast Asia Oct 1.03 0.64 9.89 4.53 10.14 0.04 1.37 Nov 1.03 0.64 9.89 4.53 10.14 0.04 1.37 Mexico Oct 0.20 0.22 5.80 5.95 5.99 0.00 0.23 Nov 0.20 0.22 5.80 5.95 5.99 0.00 0.23 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World i mports and ex ports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexic o, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to rounding. November 2019 WASDE - 594 - 29 World Soybean Meal Supply and Use 1/ (Million M etric Tons) 2017/18 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.88 232.67 60.21 229.25 64.83 12.68 World Less China 13.88 161.39 60.19 159.15 63.63 12.68 United States 0.36 44.66 0.44 32.24 12.72 0.50 Total Forei gn 13.51 188.01 59.77 197.02 52.11 12.17 Major Exporte rs 3/ 7.30 68.86 0.03 25.45 44.16 6.59 Argentina 3.34 28.40 0.00 3.00 26.27 2.48 Brazil 3.32 34.30 0.02 17.71 16.03 3.90 India 0.65 6.16 0.01 4.74 1.86 0.22 Major I mporters 4/ 1.84 20.48 38.77 58.96 0.66 1.46 Euro pean Union 0.49 11.81 18.35 30.04 0.40 0.21 Mexico 0.04 4.15 1.93 6.05 0.02 0.05 Southeast Asia 5/ 1.22 2.70 16.75 19.42 0.25 1.01 2018/19 Est. Beginning Sto c ks Produc tion Imports Dom estic Total Exports Ending Sto c ks World 2 / 12.68 234.36 62.65 230.75 67.40 11.53 World Less China 12.68 167.04 62.63 164.34 66.47 11.53 United States 0.50 44.28 0.62 32.74 12.30 0.37 Total Foreign 12.17 190.08 62.03 198.01 55.11 11.17 Major Exporters 3/ 6.59 72.23 0.07 26.53 46.92 5.44 Argentina 2.48 31.20 0.00 3.10 28.81 1.77 Brazil 3.90 33.35 0.02 18.15 15.91 3.21 India 0.22 7.68 0.05 5.28 2.20 0.47 Major Importers 4/ 1.46 22.23 38.99 60.54 0.59 1.56 European Union 0.21 12.80 18.60 30.89 0.36 0.36 Mexico 0.05 4.35 1.90 6.23 0.02 0.06 Southeast Asia 5/ 1.01 3.28 16.86 19.94 0.22 1.00 2019/20 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Oct 11.25 239.71 64.41 236.24 67.99 11.14 Nov 11.53 237.83 63.78 235.20 67.20 10.75 World Less China Oct 11.25 172.39 64.36 169.77 67.09 11.14 Nov 11.53 170.90 63.73 169.12 66.30 10.75 United States Oct 0.41 45.18 0.45 33.25 12.43 0.36 Nov 0.37 44.90 0.45 33.25 12.11 0.36 Total Foreign Oct 10.84 194.53 63.95 202.99 55.56 10.78 Nov 11.17 192.92 63.33 201.95 55.08 10.38 Major Exporters 3/ Oct 5.76 75.46 0.04 28.14 47.40 5.72 Nov 5.44 74.10 0.08 27.60 46.95 5.07 Argentina Oct 2.34 33.75 0.00 3.39 30.30 2.40 Nov 1.77 33.75 0.00 3.30 30.30 1.92 Brazil Oct 3.21 33.95 0.03 18.95 15.20 3.04 Nov 3.21 33.95 0.03 18.95 15.20 3.04 India Oct 0.21 7.76 0.02 5.80 1.90 0.29 Nov 0.47 6.40 0.05 5.35 1.45 0.12 Major Importers 4/ Oct 1.46 22.63 39.68 61.55 0.60 1.62 Nov 1.56 22.63 39.68 61.55 0.60 1.72 European Union Oct 0.25 12.56 19.00 31.19 0.35 0.27 Nov 0.36 12.56 19.00 31.19 0.35 0.38 Mexico Oct 0.06 4.70 1.98 6.65 0.02 0.08 Nov 0.06 4.70 1.98 6.65 0.02 0.08 South east Asia 5/ Oct 1.01 3.54 17.02 20.21 0.23 1.13 Nov 1.00 3.54 17.02 20.21 0.23 1.12 1/ Data based on local marketing years except for Argentina and Brazil which are ad justed to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Japan. 5/ Indonesia, M alaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. November 2019 WASDE - 594 - 30 World Soybean Oil Supply and Use 1/ (Milli on Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 3.76 55.15 9.82 54.68 10.54 3.51 World Less China 3.09 39.02 9.34 38.18 10.32 2.95 United States 0.78 10.78 0.15 9.70 1.11 0.91 Total Foreign 2.98 44.36 9.67 44.98 9.43 2.61 Major Exporters 3/ 0.74 19.31 0.33 12.28 7.28 0.83 Argentina 0.28 7.24 0.00 3.08 4.16 0.27 Brazil 0.29 8.50 0.05 6.94 1.51 0.39 European Union 0.16 2.84 0.28 2.23 0.90 0.16 Major Importers 4/ 1.37 18.44 5.86 24.43 0.27 0.96 China 0.67 16.13 0.48 16.50 0.21 0.57 India 0.48 1.39 2.98 4.72 0.01 0.12 North Africa 5/ 0.13 0.70 1.53 2.13 0.06 0.18 2018/19 Est. Beginning Sto c ks Product ion Imports Dom estic Total Exports Ending Sto c ks World 2/ 3.51 55.89 10.68 55.29 11.11 3.68 World Less China 2.95 40.66 9.89 39.40 10.91 3.18 United States 0.91 10.98 0.18 10.37 0.88 0.81 Total Foreign 2.61 44.92 10.50 44.91 10.23 2.88 Major Exporters 3/ 0.83 19.97 0.46 12.32 7.87 1.07 Argentina 0.27 7.91 0.00 2.68 5.26 0.24 Brazil 0.39 8.25 0.05 7.19 1.09 0.40 European Union 0.16 3.08 0.40 2.41 0.81 0.42 Major Importers 4/ 0.96 18.00 6.39 24.14 0.26 0.94 China 0.57 15.23 0.78 15.89 0.20 0.50 India 0.12 1.73 3.10 4.81 0.01 0.13 North Africa 5/ 0.18 0.75 1.46 2.20 0.06 0.13 2019/20 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Oct 3.77 57.20 11.74 57.17 11.87 3.68 Nov 3.68 56.75 11.63 56.83 11.83 3.41 World Less China Oct 3.26 41.97 10.54 40.88 11.72 3.18 Nov 3.18 41.61 10.43 40.55 11.68 3.00 United States Oct 0.78 11.15 0.20 10.66 0.78 0.69 Nov 0.81 11.08 0.20 10.66 0.77 0.66 Total Foreign Oct 2.99 46.05 11.54 46.51 11.09 2.98 Nov 2.88 45.68 11.43 46.17 11.06 2.75 Major Exporters 3/ Oct 1.08 20.80 0.41 12.43 8.76 1.09 Nov 1.07 20.80 0.41 12.43 8.76 1.08 Argentina Oct 0.30 8.65 0.00 2.69 5.95 0.31 Nov 0.24 8.65 0.00 2.69 5.95 0.25 Brazil Oct 0.40 8.39 0.05 7.30 1.15 0.39 Nov 0.40 8.39 0.05 7.30 1.15 0.38 European Union Oct 0.38 3.02 0.35 2.41 0.95 0.39 Nov 0.42 3.02 0.35 2.41 0.95 0.44 Major Importers 4/ Oct 1.03 18.04 7.41 25.22 0.24 1.02 Nov 0.94 17.68 7.30 24.89 0.22 0.82 China Oct 0.51 15.23 1.20 16.29 0.15 0.50 Nov 0.50 15.14 1.20 16.29 0.15 0.41 India Oct 0.23 1.75 3.50 5.24 0.01 0.23 Nov 0.13 1.44 3.50 4.95 0.01 0.12 North Africa 5/ Oct 0.13 0.73 1.66 2.32 0.08 0.12 Nov 0.13 0.77 1.55 2.27 0.06 0.12 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tun isia. Totals may not add due to rounding. November 2019 WASDE - 594 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Mea t & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2018 IV 6,862 7,031 13,952 10,588 1,518 12,239 26,191 2,331 53.4 Annual 26,872 26,315 53,417 42,601 5,878 49,018 102,435 9,115 217.6 2019 I 6,414 6,838 13,308 10,384 1,446 11,957 25,264 2,307 54.5 II 6,814 6,615 13,487 10,933 1,450 12,513 26,000 2,337 55.8 III 6,923 6,707 13,683 11,396 1,453 12,984 26,667 2,338 54.3 IV* 6,885 7,460 14,400 11,025 1,540 12,692 27,092 2,360 54.1 Annual Oct Proj. 26,948 27,578 54,750 43,667 5,846 50,017 104,767 9,344 218.2 Nov Proj. 27,036 27,620 54,878 43,738 5,889 50,146 105,024 9,342 218.6 2020 I* 6,510 7,180 13,747 10,640 1,450 12,216 25,963 2,330 55.8 II* 7,055 6,825 13,936 11,190 1,460 12,792 26,728 2,350 56.9 III* 6,945 6,990 13,990 11,565 1,465 13,173 27,163 2,360 55.0 Annual Oct Proj . 27,670 28,680 56,578 44,385 5,910 50,841 107,419 9,420 221.6 Nov Proj. 27,550 28,680 56,458 44,535 5,925 51,006 107,464 9,420 222.4 * Projection . 1/ Commerci al production for red meats; federally inspected for poultry meats. 2/ Beef, p ork, veal and lamb & mutton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cent s/doz. Dol./cwt 2018 IV 115.32 42.77 86.7 81.4 125.6 17.07 Annual 117.12 45.93 97.8 80.2 137.6 16.26 2019 I 125.27 40.67 94.0 82.8 107.3 16.97 II 118.79 57.95 97.7 85.5 69.7 17.93 III 108.16 50.08 82.0 90.8 81.9 18.97 IV* 112.00 44.00 81.0 95.0 110.0 20.50 Annual Oct Proj. 115.50 49.00 87.50 88.50 89.50 18.40 Nov Proj. 116.00 48.00 88.50 88.50 92.00 18.60 2020 I* 120.00 54.00 90.0 86.0 87.0 19.25 II* 117.00 59.00 100.0 88.0 88.0 18.65 III* 113.00 61.00 90.0 91.0 105.0 18.75 Annual Oct Proj. 116 58 91 90 99 18.85 Nov Proj. 116 57 91 90 99 18.85 *Projection. 1/ Simple average of months. 2/ 5 -Area , Direct, Tot al all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8 -16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. November 2019 WASDE - 594 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2018 649 26,938 2,998 30,585 3,161 662 26,762 57.2 2019 Proj. Oct 662 27,014 3,030 30,706 3,126 675 26,905 57.2 Nov 662 27,102 2,960 30,724 3,104 650 26,970 57.3 2020 Proj. Oct 675 27,736 2,870 31,281 3,305 675 27,301 57.7 Nov 650 27,616 2,870 31,136 3,305 665 27,166 57.4 Filler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2018 554 26,330 1,042 27,926 5,876 559 21,491 50.9 2019 Proj. Oct 559 27,592 956 29,107 6,580 590 21,937 51.7 Nov 559 27,634 958 29,150 6,496 550 22,104 52.1 2020 Proj. Oct 590 28,694 915 30,199 7,300 630 22,269 52.1 Nov 550 28,694 915 30,159 7,300 580 22,279 52.2 Fil ler Fil ler Fil le r Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2018 1,246 53,507 4,313 59,066 9,043 1,266 48,757 109.5 2019 Proj. Oct 1,266 54,839 4,239 60,34 4 9,713 1,310 49,321 110.1 Nov 1,266 54,967 4,169 60,402 9,606 1,242 49,554 110.7 2020 Proj. Oct 1,310 56,668 4,029 62,007 10,612 1,344 50,051 111.1 Nov 1,242 56,548 4,022 61,812 10,612 1,284 49,916 110.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Filler Broiler 2018 856 42,145 139 43,140 7,069 845 35,227 92.4 2019 Proj. Oct 845 43,20 0 130 44,174 7,111 895 36,169 94.3 Nov 845 43,270 132 44,247 7,040 895 36,312 94.7 2020 Proj. Oct 895 43,910 132 44,937 7,250 870 36,817 95.4 Nov 895 44,058 134 45,087 7,250 870 36,967 95.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2018 310 5,878 19 6,206 611 303 5,293 16.2 2019 Proj. Oct 303 5,846 13 6,162 637 265 5,259 16.0 Nov 303 5,889 13 6,205 637 265 5,303 16.1 2020 Proj. Oct 265 5,910 16 6,191 660 285 5,246 15.8 Nov 265 5,925 12 6,202 660 285 5,257 15.9 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2018 1,170 48,562 160 49,892 7,764 1,153 40,975 110.0 2019 Proj. Oct 1,153 49,549 145 50,847 7,830 1,167 41,851 111.6 Nov 1,153 49,678 148 50,979 7,760 1,167 42,051 112.1 2020 Proj. Oct 1,167 50,365 151 51,683 7,990 1,163 42,530 112.7 Nov 1,167 50,529 149 51,845 7,990 1,163 42,692 113.1 Fil ler Fil ler Fil ler Fil ler Filler Fil ler Fil ler Fil ler Red Meat & Poultry 2018 2,416 102,069 4,473 108,958 16,807 2,419 89,732 219.5 2019 Proj. Oct 2,419 104,389 4,384 111,192 17,543 2,477 91,172 221.7 Nov 2,419 104,645 4,317 111,381 17,367 2,409 91,605 222.8 2020 Proj. Oct 2,477 107,033 4,180 113,690 18,602 2,507 92,581 223.8 Nov 2,409 107,077 4,171 113,657 18,602 2,447 92,608 223.9 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condem nations. 2/ P ounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready -to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. November 2019 WASDE - 594 - 33 U.S. Egg Supply and Use Commodity 2017 2018 2019 Proj. 2019 Proj. 2020 Proj. 2020 Proj. Oct Nov Oct Nov Eggs Million Dozen Supply Beginning Stocks 142.2 87.5 78.8 78.8 104.0 104.0 Production 8,942. 7 9,114.6 9,344.0 9,341.6 9,420.0 9,420.0 Imports 34.2 17.8 15.5 15.0 16.0 16.0 Total Supply 9,119.1 9,220.0 9,438.3 9,435.4 9,540.0 9,540 .0 Use Exports 354.9 333.1 314.3 318.7 300.0 300.0 Hatching Use 1,035. 2 1,057.5 1,073.1 1,079.6 1,090.0 1,090.0 Ending Stocks 87.5 78.8 104.0 104.0 108.0 108.0 Disappearance Total 7,641. 5 7,750.6 7,946.8 7,933.2 8,042.0 8,042.0 Per Capita (number) 281.8 284.0 289.5 289.0 291.2 291.2 Total U.S. Milk Supply and Use Commodity 2017 2018 2019 Proj. 2019 Proj. 2020 Proj. 2020 Proj. Oct Nov Oct Nov Milk Billion Poun ds Production 215.5 217.6 218.2 218.6 221.6 222.4 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 12.7 13.4 13.8 13.8 13.0 13.7 Marketings 214.5 216.6 217.1 217.5 220.5 221.4 Imports 6.0 6.3 7.0 7.2 6.5 6.5 Total Cml. Supply 233.2 236.3 237.9 238.5 240.0 241.6 Fat Basis Use Commercial Exports 9.2 10.4 9.0 9.0 9.3 9.2 Ending Commercial Stocks 13.4 13.8 13.0 13.7 12.8 13.2 CCC Donations 0.0 0.0 0.2 0.2 0.2 0.2 Domestic Commercial Use 210.6 212.1 215.7 215.6 217.8 219.0 Skim -solid Basis Supply Beg. Commercial Stocks 9.5 11.8 10.7 10.7 10.4 10.6 Marketings 214.5 216.6 217.1 217.5 220.5 221.4 Imports 6.1 5.5 5.9 5.8 5.5 5.5 Total Cml. Supply 230.1 233.8 233.7 234.0 236.4 237.5 Skim -solid B asis Use Commercial Exports 40.8 44.7 40.0 40.4 43.0 43.0 Ending Commercial Stocks 11.8 10.7 10.4 10.6 9.5 10.8 CCC Donations 0.0 0.0 0.2 0.2 0.1 0.1 Domestic Commercial Use 177.5 178.5 183.1 182.8 183.8 183.6 Total Note: Totals ma y not add due to rounding. November 2019 WASDE - 594 - 34 U.S. Dair y Prices Commodity 2017 2018 2019 Proj. 2019 Proj. 2020 Proj. 2020 Proj. Oct Nov Oct Nov Product Prices 1/ Dollars Per Pound Cheese 1.6344 1.5377 1.710 1.765 1.790 1.860 Butter 2.3303 2.2572 2.260 2.250 2.200 2.060 Nonfat Dry Milk 0.8666 0.7945 1.020 1.035 1.040 1.095 Dry Whey 0.4437 0.3422 0.390 0.380 0.375 0.320 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 16.17 14.61 16.55 17.00 17.20 17.50 Class IV 15.16 14.23 16.20 16.30 16.10 15.95 All Milk 3/ 17.65 16.26 18.40 18.60 18.85 18.85 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price comput ations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal or der milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices recei ved by farmer s for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legis lation. November 2019 WASDE - 594 - 35 Reliability of November Projections 1/ Note: Tables on pages 35 -37 present a record of the November projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by mo re than 1.2 p ercent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 2 percent. The average difference between the November projection and the final estimate is 5.5 million tons, ranging from 0.1 million to 18 .1 million tons. The Nov ember projection has been below the estimate 28 times and above 10 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Avera ge Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 1.2 2.0 5.5 0.1 18.1 28 10 U.S. 0.4 0.7 0.2 0.0 1.2 18 13 Foreign 1.4 2.3 5.4 0.0 18.2 28 10 Export s World 5.7 9.6 6.0 0.2 19.2 31 7 U.S. 7.6 12.8 2.0 0.2 8.6 17 21 Foreign 6.9 11.8 5.8 0.3 17.2 33 5 Domestic Use World 1.3 2.3 5.8 0.0 18.8 23 14 U.S. 6.0 10.2 1.6 0.1 3.6 11 27 Foreign 1.4 2.4 6.0 0.5 21.1 26 12 Ending Stocks World 6.2 10.5 7.9 0.9 23.1 29 9 U.S. 11.4 19.3 2.1 0.2 7.0 24 14 Foreign 6.4 10.8 6.6 0.8 22.7 29 9 COARSE GRAINS 2/ Production World 1.6 2.7 13.2 0.2 47.3 29 9 U.S. 1.3 2.2 2.4 0.0 7.5 19 19 Foreign 2.2 3.8 13.3 0.2 48.8 29 9 Exports World 6.8 11.5 6.7 0.1 29.7 26 12 U.S. 16.1 27.3 6.0 0.4 14.7 19 19 Foreign 12.5 21.2 7.3 0.3 23.5 25 13 Domestic U se World 1.4 2.3 10.7 0.2 41.9 22 16 U.S. 3.6 6.2 5.2 0.2 17.2 18 20 Foreign 1.6 2.7 9.7 0.3 42.2 25 13 Ending Stocks World 12.5 21.2 13.0 0.3 39.6 31 7 U.S. 20.4 34.7 7.8 0.6 23.9 21 17 Foreign 16.3 27.6 11.1 0.2 31.1 34 4 RICE, milled Prod uction World 2.1 3.6 5.9 0.1 16.8 32 6 U.S. 2.9 4.9 0.1 0.0 0.5 19 16 Foreign 2.1 3.6 5.9 0.2 16.9 32 6 Exports World 9.2 15.6 1.8 0.1 6.0 30 8 U.S. 9.5 16.1 0.2 0.0 0.7 20 15 Foreign 10.5 17.8 1.7 0.0 6.0 28 10 Domestic Use World 1.7 2.9 4.0 0.1 17.5 31 7 U.S. 8.4 14.2 0.2 0.0 0.6 19 19 Foreign 1.7 2.9 4.0 0.0 17.7 32 6 Ending Stocks World 10.8 18.3 5.5 0.1 24.6 31 7 U.S. 22.8 38.8 0.2 0.0 0.8 22 16 Foreign 11.2 19.0 5.6 0.1 24.4 31 7 1/ Footnotes at end of table. CONTINUED November 2019 WASDE - 594 - 36 Reliability of November Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 4.0 6.8 6.1 0.1 25.1 22 16 U.S. 2.2 3.7 1.2 0.1 4.7 15 23 Foreign 6.6 11.2 5.9 0.0 26.4 20 18 Exports World 7.2 12.3 3.4 0.0 13.4 24 14 U.S. 10.1 17.2 2.4 0.1 7.1 24 14 Foreign 18.2 30.8 2.8 0.1 11.7 19 19 Domestic Use World 2.9 4.9 4.1 0.0 14.2 22 16 U.S. 3.6 6.2 1.3 0.0 3.8 26 12 Foreign 3.6 6.1 3.9 0.2 12.8 22 16 Ending Stocks World 16.3 27.6 4.4 0.0 18.4 21 17 U.S. 48.7 82.6 2.3 0.1 7.3 9 29 Foreign 17.3 29.4 3.9 0.1 18.2 22 16 COTTON Million 480 -Pound Bales Production World 3.6 6.1 2.5 0.1 9.3 24 14 U.S. 2.9 5.0 0.4 0.0 1.0 19 18 Foreign 4.2 7.1 2.4 0.1 8.9 24 14 Exports World 7.8 13.2 2.0 0.1 10.3 25 13 U.S. 17.2 29.2 1.1 0.1 3.2 23 15 Foreign 10.2 17.3 1.5 0.0 8.9 20 17 Domestic Use World 3.5 5.9 2.6 0.0 11.1 18 19 U.S. 7.4 12.5 0.3 0.0 1.1 19 19 Foreign 3.5 6.0 2.5 0.0 10.6 19 19 Ending Stocks World 12.0 20.3 4.8 0.3 14.6 24 14 U.S. 31.9 54.1 1.1 0.1 3.5 13 25 Foreign 12.8 21.7 4.6 0.0 15.1 26 12 1/ Marketing years 1981/82 through 2018/19 for grains, soybeans and cotton. Final fo r grains, soybeans and cotton is defined as the first November estimate following the mark eting year fo r 1981/82 through 2017/18, and for 2018/19 the last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. November 2019 WASDE - 594 - 37 Reliability of United States November Pro jections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smalle st Largest Below Final Above Final CORN Percent Million Bushels Production 1.3 2.2 90 0 250 19 18 Exports 16.6 28.2 212 9 575 18 20 Domestic Use 3.9 6.6 200 3 574 22 16 Ending Stocks 23.2 39.4 304 17 986 19 19 SORGHUM Production 4.1 7.0 15 1 53 20 18 Exports 19.6 33.3 31 0 123 21 16 Domestic Use 18.4 31.2 34 0 127 18 19 Ending Stocks 47.2 80.0 25 2 104 14 24 BARLEY Production 1.5 2.5 4 0 24 16 10 Exports 38.9 66.1 9 0 37 14 19 Domestic Use 7.7 13.1 17 0 70 13 24 Ending Stocks 13.7 23.3 13 0 38 25 11 OATS Production 1.1 1.9 2 0 18 7 9 Exports 72.0 122.1 1 0 7 9 10 Domestic Use 5.5 9.4 12 1 39 15 23 Ending Stocks 20.7 35.1 14 1 52 25 13 SOYBEAN MEAL Thousand Short Tons Production 3.6 6.2 1,067 14 3,250 24 14 Exports 11.6 19.7 730 0 3,600 20 15 Domestic Use 3.4 5.7 719 30 2,350 18 20 Endin g Stocks 28.3 48.1 44 0 249 14 13 SOYBEAN OIL Million Pounds Production 3.9 6.6 523 40 2,240 27 11 Exports 28.5 48.3 347 0 1,425 20 17 Domestic Use 3.8 6.5 462 56 1,828 25 13 Ending Stocks 23.4 39.7 345 0 1,077 19 18 ANIMAL P ROD. Milli on Pounds Beef 3.8 6.4 778 92 2,461 25 12 Pork 3.2 5.4 413 2 1,592 21 16 Broilers 1.8 3.1 407 17 1,394 23 14 Turkeys 3.4 5.8 134 2 444 21 16 Million Dozen Eggs 2.0 3.3 110 2 513 26 11 Billion Pounds Milk 1.5 2.6 1.7 0.0 6.0 18 13 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2018/19 for grains, soybeans, and cotton. Final for grains, soybean s, and cotton is defined as the first Novemb er estimate following the marketing year for 1981/82 through 2017/18, and for 2018/19 the last month’s estimate. Calendar years 1982 through 2018 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate publi shed by NASS for 1982 -2018. WASDE -594-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply an d Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (P ECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 Registration is now open fo r the 2020 Agricultural Outlook Forum Join us February 20- 21, 2020 Crystal G ateway Marriott Hotel Arlington, Virginia Register Here For More Information , please contact Forum Coordinator Mirvat Sewadeh at 202-720-5447 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ To subscribe to receive WASDE -related notifications by email or text message visit https://public.govdelivery.com/accounts/USDAOC/subscriber/new?topic_id= USDAOC_223 . Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at 202 -720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE -594 – November 8, 2019 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender , religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Righ ts, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and empl oyer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554-9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 546 Approved by the Worl d Agricultural Outlook Board October 9, 2015 WHEAT: Projected U.S. ending stocks for 2015/16 are lowered 14 million bushels as decreased production more than offsets a decline in total use. Production for 2015/16 is lowered 84 million bushels based on the latest estimate from the NASS September 30 Small Grains 2015 Summary . Feed and residual use is lowered 20 million bushels reflecting the September 1 stocks that indicated lower-than-expected June-A ugust disappearance. Exports are lowered 50 million bushels to 850 million on a slow sales pace to date and continued lack of U.S. price competitiveness, particularly compared to Black Sea Countries and EU. The projected range for the 2015/16 U.S. season-average farm price is nar rowed 10 cents on both the high and low ends to $4.75 to $5.25 per bushel. Global wheat supplies for 2015/16 are raised 2.0 million tons, on both increased production and beginning stocks. The biggest production increases are 1.0 million tons each for Australia and Canada, and 1.1 million tons for EU. The Canada and EU increases are based on government reports and harvest progress. Australia had sufficient sub-soil moisture that allowed it to withstand a drier-than-normal September; increas ed yield potential is supported by satellite imagery. The United States had the largest production decline. The global wheat crop is now projected at 732.8 million tons, the third consecutive record. World wheat exports for 2015/16 are raised 3.0 million tons with increases for several key U.S. competitors. Ukraine is raised 1.5 million tons on a larger crop. Canada exports are raised 1.0 million tons, and Australia, the EU, Kazakhstan, and Russia are each raised 0.5 million tons. These increases are based on larger supplies and expor t pace to date. Partly offsetting is a 1.4 million ton reduction for the United States and a 0.5 million ton decline for Argentina. Imports are raised 1.0 million tons in Iran on the elimination of an import duty and 0.5 million tons in Syria because of distribution problems. Total world usage is up fractionally, and ending stocks are raised 1.9 million tons to a record 228.5 million tons. COARSE GRAINS: Projected 2015/16 U.S. feed grain production is down slightly this month with a small reduction for corn partly offset by in creases for barley and oats. Corn production is forecast 30 million bushels lower with harvested area lowered 437,000 acres. Partly offsetting is a 0.5-bushel-per acre increase in the national average corn yield to 168.0 bushels per acre. Estimated 2015/16 beginning stocks, from the September 30 Grain Stocks report, are nearly unchanged from last month’s projection. Small revisions to food, seed, and industrial use and trade, based on the latest data, boost 2014/15 feed and residual use 17 million bushels. Projected U.S. corn usage for 2015/16 is unchanged this month. Ending stocks are projected 31 million bushels lower to 1,561 million. The 20 15/16 season-average corn price received by producers is projected 5 cents higher on both ends to $3.50 to $4.10 per bushel. Global coarse grain supplies for 2015/16 are proj ected 8.3 million tons lower mostly on reduced foreign corn beginning stocks and production. Global corn beginning stocks are lowered 1.2 million tons, reflecting higher 2014/15 EU corn feeding and exports and Ukraine exports. Global WASDE-546-2 corn production for 2015/ 16 is lowered 5.5 million tons with reductions for Ukraine, Argentina, India, Philippines, and several Sub-Saharan African countries more than offsetting an increase for Brazil. Brazil corn production is also raised for 2014/15. Global 2015/16 production is lowered for rye, millet, sorghum, and barley. Rye production is lowered for EU. Millet and sorghum production are lowered for a number of Sub-Saharan African countries. Barley production is lowered for Russia, but mostly offset by increases for EU, Canada, and Australia. Mixed grain production is also raised for EU, leaving EU coarse grain production higher on the month. Global 2015/16 coarse grain co nsumption is lowered 6.4 million tons with a 4.8-million-ton reduction in corn usage and smaller cuts in rye, millet, and sorghum consumption. Much of the decline in coarse grain consumpt ion is for those Sub-Saharan African counties with lower output this month; however, reductions are also made for corn consumption in Saudi Arabia, EU, Ukraine, and Philippines, and rye consumption in EU. Corn trade for 2015/16 is lowered with a reduction in Saudi Arabia imports. Corn exports are lowered for Ukraine and Argentina but raised for Brazil. Globa l 2015/16 corn ending stocks are projecte d 1.9 million tons lower at 187.8 million, 8.2 million lo wer than in 2014/15. RICE: U.S. all rice production in 2015/16 is forecast at 187.8 million cwt, down 1.7 million from last month with the decline entirely due to lower yield. The average all rice yield is forecast at 7,307 pounds per acre, down 67 pounds from last month, and the lowest since 2011/12. Yields are lowered for California, Louisiana, Mississippi, and Texas; increased for Missouri; and unchanged for Arkansas. All rice harvested area is unchanged at 2.57 milli on acres. Long-grain and combined medium- and short-grain rice production are both lowered from last month, with long-grain production projected at 130.3 million cwt and combi ned medium- and short-grain production at 57.5 million. The all rice import foreca st is unchanged at 25.5 million cwt. All rice domestic and residual use is unchanged at 125.0 million cwt. All rice exports are unchanged at 97.0 million cwt with long-grain exports projecte d at 64.0 million and medium- and short-grain exports at 33 million. All rice ending stocks are projected at 39.8 million cwt, down 1.7 million from last month with lo ng-grain stocks at 21.8 million, an d medium- and short-grain at 16.1 million. The 2015/16 long-grain season-average farm price range is projected at $12.80 to $13.80 per cwt, unchanged from last month. The medium- and short-grain farm price range is projected at $17.30 to $18.30 per cwt, down 20 cents per cwt on each end of the range. The California medium- and short-grain rice price at a midpoint of $21.00 per cwt is unchanged from last month. The Other States medium- and short-grain rice price at a midpoint of $14.00 per cwt is lowered 50 cents per cwt. The all rice season-average farm price is forecast at $14.20 to $15.20 per cwt, unchanged from a month ago. Projected global 2015/16 rice ending stocks are reduced on lower supplies. World ending stocks at 88.3 million tons are down 1.9 million from last month and the lowest since 2007/08. Stocks have dropped 22.5 million tons or 20 percent since 2012/13. The global stocks- to-use ratio at 18.1 percent is the smallest sinc e 2006/07. Global rice production is projected at 474.0 million tons, down 1.7 million from last month, primarily due to smaller crops forecast for India and Thailand. Thailand’s crop is lowered 1.6 m illion tons, or 9 percent, due to drought and low irrigation supplies in the lower northern region and central plains, as both area harvested and yield are lowered. India’s crop is lowered 0.5 milli on tons to 103.5 million due to a 2 percent drop in area harvested. Global 2015/16 rice consumption is projected at a record 487.5 million tons, up slightly from a month ago. Ending stocks for 2015/16 are lowered for China, India, Pakistan, Thailand, and the United States, partially offset with an increase for Philippines. WASDE-546-3 OILSEEDS: U.S. oilseed production for 2015/16 is projected at 115.3 million tons, down 0.8 million from last month. Soybean production is forecast at 3,88 8 million bushels, do wn 47 million with higher yields only partly offsetting reduced harvested area. The soybean yield is forecast at 47.2 bushels per acre, up 0.1 bushels from the September forecast. Harvested area is reduced 1.1 million acres to 82.4 million . Soybean supplies for 2015/16 are projected 66 million bushels below last month with lower beginning stocks and production. Sunflowerseed and canola production are forcast higher on higher yields and harvested area. U.S. soybean exports for 2015/16 are reduced 50 million bushels to 1,675 million on the slow pace of sales and increa sed competitor supplies. Soybean crush is projec ted at 1,880 million, up 10 million on higher domestic soybean meal disappearance, which is raised in line with an increase for 2014 /15. Soybean ending stoc ks for 2015/16 are projecte d at 425 million bushels, down 25 million. The soybean price is projected at $8.40 to $9.90, unchanged from last month. Soybean meal and soybean oil price projections ar e also unchanged at $310 to $350 per short ton and 27.5 to 30.5 cents per pound, respectively. Soybean balance sheet changes for 2014/15 include lower planted and harvested area, lower yield, production, and ending stocks from the September 30 Grain Stocks report. Exports are increased based on final trade data for the marketing year. Soybean crush is raised based on data from the October 1 Fats and Oils: Oilseed Crushings, Production, Consumption and Stocks report published by NASS. Global oilseed production for 2015/ 16 is projected at 531.0 million tons, up 3.9 million from last month on higher soybean, rapeseed, sunflower, and peanut production. Global soybean production is projected at a record 320.5 million tons, up 0.9 million with higher Brazil production only partly offset by lower projections for the United States, India, and Ukraine. Brazil soybean production is projected at a record 100.0 million tons on higher ar ea. A sharp declin e in the value of the Brazilian real recent months is expected to lead to increased area despite lower international soybean prices this year. Soybean crops in Ukraine and India are reduced on lower projected yields. Rapeseed prod uction for Canada is projected at 14.3 million tons, up 1.0 million based on higher yields reported in t he most recent survey from Statistics Canada. Global sunflowerseed production is raised on higher estimates for Argentina and Ukraine. Global cottonseed production is projected lower with reductions for China and Pakistan only partly offset an increase for Brazil. Global oilseed stocks for 2015/16 are projected at 96.3 million tons, up 1.4 million mainly on higher rapeseed stocks in Canada and China, and higher sunflowerseed stocks in Argentina and Ukraine. Global soybean stocks are raised marginal ly as higher stocks for Brazil are only partly offset by reductions for the United States, Argentina, and India. SUGAR: Total imports for 2014/15 are increased by 42,721 short tons, raw value (STRV) to 3.544 million based on Se ptember data from U.S. Customs. Imports from Mexico are increased by 79,000 STRV for a 2 014/15 total of 1.530 milli on STRV. This estima te, if realized, would exceed by about 4,000 STRV, the export limit imposed by the Countervail Duty (CVD) Suspension Agreement. Other 2014/15 import changes are: an increase in re-export imports by 9,492 STRV; imports under tariff-rate quotas (TRQs) decreased by 44,895 and high-tier tariff imports decreased by 610. Exports are increased by 15,000 STRV to 180,000 based on pace to date. Deliveries for human consumption are incr eased by 60,000 STRV to 11.935 million based on large imports of refined sugar for direct consumption, mostly from Mexico. Although classified as deliveries for human consumption, analysis of individual sourcing components and of import data strongly imply an estimated 90,000 STRV of the imported sugar is not being immediately consumed but is being held for delivery in the 2015 /16 marketing year by entities not required to WASDE-546-4 report to USDA. Ending stocks are estimated at 1.697 million ST RV, implying an ending stocks- to-use ratio of 13.9 percent. Total 2015/16 U.S. production is forecast at 8. 760 million STRV, a 26,000 increase from last month. Beet sugar for the 2015/16 August-July crop year is fore cast at 5.243 million STRV, an increase of 41,000 based on NASS-reported im proved sugarbeet yield and processor-reported sucrose levels of 17.95 percent. All of the increa se is projected to occur in the 2015/16 fiscal year, implying production at 5.075 million. Cane sugar production in Hawa ii is reduced 15,000 STRV to 165,000 based on processor’s forecasts. Imports are projected up 3,694 STRV based on minor changes amongst TRQ suppliers. As a result of refined sugar from non-reporting entities imported in 2014/15 but likely held for marketing at a later time, deliveries for human consumption are reduced by the estimated 90,000 STRV to 11.785 million. The 2015/16 ending stocks are forecast at 1.736 million STRV, implyi ng an ending stocks-to-use ratio of 14.3 percent. Mexico 2014/15 imports are increased by 10,912 metric tons (MT) for more refined sugar imported from the United States for the IMMEX sugar-containing products export program. Exports for 2014/15 to the United States are increased by 67,611 MT to 1. 309 million based on USDA estimated imports from Mexi co. Exports to other destinations are reduced by 18,525 MT to 131,475 based on reporting by Comite Nacional Para El Desarr ollo Sustentable de la Caña de Azucar (CONADESUCA). Because there are no changes in supply or use for 2015/16, ending stocks fall by the same 38,174 MT for both 2014/15 and 2015/16. The stocks-to-consumption ratios of 17.2 percent in 2014/15 and 17.0 percent in 2015/16 are below the historical average of 22 percent. LIVESTOCK, POULTRY, AND DAIRY: The forecasts for total meat production in 2015 and 2016 are increased from last month. Beef production fo r 2015 is raised on larger forecast slaughter of fed cattle in the second half of 2015 and heavier carcass weights. The forecast for 2016 is raised as cattle slaughter and carcass weights in the first half are proj ected higher than last month. The pork production forecasts for both 2015 and 2016 are raised. The pace of hog slaughter in the remainder of 2015 is expected to be higher. USDA’s Quarterly Hogs and Pigs estimated less of a decline in sows farrowing during June-August than indicated in prior intentions and farrowing intentions into early 2016 support an increase in forecast pork production for 2016. Broiler production is raised for 2015 as a larger third quarter level more than offsets a reduction for the fourth quarter, but the forecast for 2016 is reduced as broiler producers have slowed the pace of egg sets. Turkey production for 2015 is lowered based on third-quarter production data; subsequent quart ers through 2016 are unchanged. Egg production for 2015 is raised on higher third quarter hatching egg production. Production forecasts for 2016 are unchanged. Beef imports are unchanged for 2015 and 2016. Beef exports for 2015 and 2016 are lowered as demand is projected to remain relatively weak. Pork export forecasts are unchanged, but a small increase is made to third-quar ter 2015 imports based on recent trade data. Broiler exports are reduced from last month as slow global demand is expected to continue for in the remainder of the year and into 2016. Cattle prices for 2015 and 2016 ar e reduced from last month on cu rrent large supplies of market- ready cattle, weaker demand and competition from relatively large supplies of competing meats. Hog prices are raised for both 2015 and 2016 as demand has firmed. Broiler prices are lowered for both 2015 and 2016 on relatively large broiler meat supplies. Turkey prices are raised for 2015 on current price strength, but the forecast for 2016 is unchanged from last month. Egg prices for 2015 are lowered reflecting recent price declines, but the forecast for 2016 is unchanged. WASDE-546-5 Milk production forecasts for 2015 and 2016 are unchanged from last month. Fat-basis imports are increased as domestic demand continues to support higher imports of cheese and butter. Exports are reduced for 2015 on weaker cheese sales, but are unchanged for 2016. Skim-solids imports are reduced for 2015 and 2016, while exports are reduced for 2015 and unchanged for 2016. Large world supplies of dairy products, a strong dollar, and generally weak global demand are expected to continue to pressure exports during 2015 and 2016. Although butter prices have declined sharply from recent high levels, domestic demand for butter is expected to support relatively high butter prices during 2016. The butter price for 2015 is unchanged at the midpoint, and is raised for 2016. Cheese prices are raised for 2015 and 2016 on support from domestic demand. Nonfat dry mi lk (NDM) prices are forecast higher in 2015 and 2016 reflecting a rebound in both domestic and in ternational prices. Whey prices are lowered for both 2015 and 2016 as supplies are large. Class III prices are raised for 2015, but lowered for 2016 as the decline in whey prices more than of fsets higher cheese prices . Class IV prices are raised for both 2015 and 2016 due to higher butter and NDM prices. The all milk price is raised to $16.90 to $17.00 per cwt for 2015, but lowered to $16.05 to $16.95 per cwt for 2016. COTTON: The 2015/16 U.S. cotton forecasts include marginally lower production and ending stocks relative to last month, with prices r educed sharply. Production is lowered 90,000 bales. Domestic mill use and exports are unchanged. Ending stocks are now projected at 3.1 million bales, or 22 percent of total use. The marketi ng year average price received by producers is projected to range from 54 to 64 cents per pound. The mid-point of 59 cents per pound is reduced 3 cents from last month, as relatively weak global demand for yarn and lower prices for polyester are pressuring world cotton prices. The 2015/16 world cotton forecasts show higher beginning stocks, lower production and consumption, and higher ending stocks relative to last month. Beginning stocks are raised about 900,000 bales, due mainly to a reduction in China’s 2014/15 consumption, which reflects indications of net cotton textile exports that are lower than previously expected. Production for 2015/16 is reduced for China, Pakistan, and Braz il, but is raised for Mali. Consumption is reduced mainly in China, Pakistan, and India. With world trade virtually unchanged from last month, global stocks are now projected at 107 million bales. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Seth D. Meyer, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: ROBERT C. JOHANSSON SECRETARY OF AGRICULTURE DESIGNATE WASDE-546-6 INTERAGENCY COMMODIT Y ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers, ICEC Chair, WAOB, E-mail : [email protected] Gary Vocke, ERS; Te resa McKeivier, FAS; Tom Tice, FSA. Rice: Andrew C. Aaronson , ICEC Chair, WAOB, E-mail : [email protected] Nathan Childs, ERS; Yoonhee Mack e, FAS; Mark Simone, FSA. Feed Grains: Jerry Norton, ICEC Chair, WAOB, E-mail : [email protected] Thomas Capehart, ERS; Richard O’Me ara, FAS; Pete Riley, FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail : [email protected] Mark Ash, ERS; Bill Geor ge, FAS; Phil Sronce, FSA. Cotton: Carol Skelly, ICEC Chair, WAOB, E-mail : [email protected] Darryl Earnest, AMS; Leslie Me yer, ERS; James Johnson, FAS; Tiffany Arthur, FSA. Sugar: Stephen Haley, ICEC Chair, WAOB, E-mail : [email protected] Michael McConnell, ERS; Ron Lor d, FAS; Barbar a Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Sherry Wise, AMS; Kenneth Mathews, ERS; Claire Mezoughem, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Larry Haller, AMS; Davi d Harvey, ERS; Claire Mezoughem, FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Uthra Raghunathan, AMS; Jerry Cessna, ERS; Paul Kiendl , FAS; Milton Madison, FSA. In 2015, the WASDE report will be released on Nov. 10, Dec. 9. In 2016, The WASDE report will be released on Jan. 12, Feb. 9, Mar. 9, Apr. 12, May. 10, Jun. 10, Jul. 12, Aug. 12, Sep. 12, Oct. 12, Nov. 9, Dec. 9. WASDE-546-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................... 1 Interagency Commodity Estimates Committees ..................................................... 6 World & U.S. Supply & Use for Grains ................................................................... 8 World & U.S. Supply & Use for Cotton ................................................................... 9 World & U.S. Supply & Use for Oilseeds .............................................................. 10 U.S. Wheat Supply & Use .................................................................................... 11 U.S. Wheat Supply & Use by Class ..................................................................... 11 U.S. Feed Grain & Corn Supply & Use ................................................................ 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13 U.S. Rice Supply & Use ....................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................ 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ............................................................................. 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use .................................................................................. 18 World Coarse Grains Supply & Use ..................................................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use ..................................................................................... 24 World Cotton Supply & Use ................................................................................. 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ..................................................................... 29 World Soybean Oil Supply & Use......................................................................... 30 U.S. Quarterly Animal Product Production ........................................................... 31 U.S. Quarterly Prices for Animal Products ........................................................... 31 U.S. Meats Supply and Use ................................................................................. 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use .................................................................................... 33 U.S. Dairy Prices ................................................................................................. 34 Reliability Tables ................................................................................................. 35 Related USDA Reports ........................................................................................ 38 Metric Conversion Factors ................................................................................... 38 Electronic Access and Subscriptions ....................................................................... 40 October 2015 WASDE - 546 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Outpu tTotal SupplyTrade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2013/14 2474.62 2931.35 372.10 2417.91 513.44 2014/15 (Est.) 2501.72 3015.16 384.56 2470.07 545.09 filler filler filler filler filler 2015/16 (Proj.) Sep 2481.69 3027.24 366.78 2485.70 541.54 2015/16 (Proj.) Oct 2474.05 3019.15 367.84 2479.47 539.68 filler filler filler filler filler Wheat 2013/14 715.11 892.27 165.90 698.50 193.77 2014/15 (Est.) 725.49 919.27 164.50 707.16 212.11 filler filler filler filler filler 2015/16 (Proj.) Sep 731.61 942.92 157.58 716.36 226.56 2015/16 (Proj.) Oct 732.79 944.90 160.58 716.41 228.49 filler filler filler filler filler Coarse Grains 5/ 2013/14 1281.12 1449.92 164.45 1237.85 212.07 2014/15 (Est.) 1297.42 1509.49 177.27 1278.29 231.20 filler filler filler filler filler 2015/16 (Proj.) Sep 1274.32 1506.74 167.54 1281.92 224.83 2015/16 (Proj.) Oct 1267.25 1498.44 165.79 1275.55 222.90 filler filler filler filler filler Rice, milled 2013/14 478.39 589.16 41.74 481.56 107.60 2014/15 (Est.) 478.81 586.41 42.79 484.62 101.79 filler filler filler filler filler 2015/16 (Proj.) Sep 475.76 577.58 41.67 487.42 90.16 2015/16 (Proj.) Oct 474.02 575.81 41.47 487.52 88.29 filler filler filler filler filler United States Outpu tTotal Supply Trade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2013/14 431.31 484.21 89.49 343.31 51.40 2014/15 (Est.) 439.45 499.12 83.13 346.99 69.00 filler filler filler filler filler 2015/16 (Proj.) Sep 429.84 506.09 85.85 350.99 69.25 2015/16 (Proj.) Oct 426.94 503.21 84.49 350.32 68.40 filler filler filler filler filler Wheat 2013/14 58.11 82.35 32.00 34.29 16.07 2014/15 (Est.) 55.15 75.28 23.25 31.53 20.50 filler filler filler filler filler 2015/16 (Proj.) Sep 58.13 82.02 24.49 33.72 23.81 2015/16 (Proj.) Oct 55.84 79.74 23.13 33.18 23.43 filler filler filler filler filler Coarse Grains 5/ 2013/14 367.09 393.85 54.49 305.05 34.31 2014/15 (Est.) 377.23 414.96 56.67 311.34 46.95 filler filler filler filler filler 2015/16 (Proj.) Sep 365.69 415.69 58.28 313.29 44.13 2015/16 (Proj.) Oct 365.14 415.14 58.28 313.16 43.70 filler filler filler filler filler Rice, milled 2013/14 6.12 8.01 3.01 3.98 1.03 2014/15 (Est.) 7.07 8.88 3.21 4.12 1.55 filler filler filler filler filler 2015/16 (Proj.) Sep 6.02 8.38 3.08 3.98 1.32 2015/16 (Proj.) Oct 5.96 8.32 3.08 3.98 1.26 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). October 2015 WASDE - 546 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Outpu tTotal Supply Trade 2 /Total UseEnding Stocks Total Grains 4/ 2013/14 2,043.31 2,447.14 282.61 2,074.59 462.04 2014/15 (Est.) 2,062.27 2,516.04 301.44 2,123.08 476.09 filler filler filler filler filler 2015/16 (Proj.) Sep 2,051.85 2,521.15 280.93 2,134.71 472.29 2015/16 (Proj.) Oct 2,047.12 2,515.94 283.35 2,129.15 471.28 filler filler filler filler filler Wheat 2013/14 657.01 809.92 133.90 664.21 177.71 2014/15 (Est.) 670.35 843.99 141.25 675.63 191.61 filler filler filler filler filler 2015/16 (Proj.) Sep 673.48 860.90 133.08 682.64 202.75 2015/16 (Proj.) Oct 676.95 865.15 137.44 683.23 205.06 filler filler filler filler filler Coarse Grains 5/ 2013/14 914.03 1,056.07 109.97 932.80 177.75 2014/15 (Est.) 920.19 1,094.52 120.60 966.95 184.24 filler filler filler filler filler 2015/16 (Proj.) Sep 908.63 1,091.05 109.26 968.63 180.70 2015/16 (Proj.) Oct 902.11 1,083.30 107.52 962.38 179.20 filler filler filler filler filler Rice, milled 2013/14 472.27 581.15 38.74 477.58 106.58 2014/15 (Est.) 471.74 577.53 39.59 480.50 100.24 filler filler filler filler filler 2015/16 (Proj.) Sep 469.74 569.20 38.59 483.44 88.84 2015/16 (Proj.) Oct 468.06 567.49 38.39 483.54 87.03 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales Outpu tTotal Supply Trade 2 /Total Use 3 /Ending Stocks World 2013/14 120.40 212.21 40.84 110.05 102.98 2014/15 (Est.) 118.92 221.90 35.46 110.48 111.79 filler filler filler filler filler 2015/16 (Proj.) Sep 108.74 219.65 34.26 113.44 106.26 2015/16 (Proj.) Oct 107.38 219.18 34.19 112.27 106.97 filler filler filler filler filler United States 2013/14 12.91 16.72 10.53 3.55 2.35 2014/15 (Est.) 16.32 18.68 11.25 3.58 3.70 filler filler filler filler filler 2015/16 (Proj.) Sep 13.43 17.14 10.20 3.70 3.20 2015/16 (Proj.) Oct 13.34 17.05 10.20 3.70 3.10 filler filler filler filler filler Foreign 4/ 2013/14 107.49 195.49 30.31 106.50 100.63 2014/15 (Est.) 102.61 203.22 24.21 106.90 108.09 filler filler filler filler filler 2015/16 (Proj.) Sep 95.31 202.51 24.06 109.74 103.06 2015/16 (Proj.) Oct 94.05 202.13 23.99 108.57 103.87 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. * Planted area based on March 31 Prospective Plantings. Harvested area based on th e previous 10-year average abandonment by region, with the Southwest estimated at 15 percen t due to favorable moisture. Yield per harveste d acre based on the previous 3-year average by region, with the Southwest ad justed to the 10-year average. October 2015 WASDE - 546 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Outpu tTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2013/14 505.98 574.05 133.34 419.25 78.23 2014/15 (Est.) 536.74 614.97 146.36 438.48 91.90 filler filler filler filler filler 2015/16 (Proj.) Sep 527.17 620.09 143.76 444.86 94.88 2015/16 (Proj.) Oct 531.03 622.93 144.42 447.11 96.27 filler filler filler filler filler Oilmeals 2013/14 282.35 293.53 82.04 277.12 12.70 2014/15 (Est.) 298.94 311.64 84.89 293.41 14.49 filler filler filler filler filler 2015/16 (Proj.) Sep 304.97 318.60 88.15 302.43 12.78 2015/16 (Proj.) Oct 306.13 320.62 88.10 303.16 13.83 filler filler filler filler filler Vegetable Oils 2013/14 171.03 188.76 70.01 166.54 18.69 2014/15 (Est.) 176.01 194.70 74.34 171.16 19.12 filler filler filler filler filler 2015/16 (Proj.) Sep 180.91 199.63 74.97 178.40 17.69 2015/16 (Proj.) Oct 181.66 200.78 75.58 178.17 18.82 filler filler filler filler filler United States Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2013/14 99.02 107.85 45.55 51.46 3.95 2014/15 (Est.) 116.03 121.82 51.14 55.19 6.78 filler filler filler filler filler 2015/16 (Proj.) Sep 116.07 125.03 47.97 54.98 14.05 2015/16 (Proj.) Oct 115.27 123.66 46.58 55.48 13.54 filler filler filler filler filler Oilmeals 2013/14 39.39 43.50 10.77 32.43 0.29 2014/15 (Est.) 43.47 47.66 12.23 35.09 0.34 filler filler filler filler filler 2015/16 (Proj.) Sep 42.70 46.81 10.84 35.62 0.35 2015/16 (Proj.) Oct 42.99 47.06 10.84 35.88 0.34 filler filler filler filler filler Vegetable Oils 2013/14 10.42 15.60 1.12 13.51 0.98 2014/15 (Est.) 11.00 16.14 1.18 13.83 1.13 filler filler filler filler filler 2015/16 (Proj.) Sep 11.09 16.41 1.17 14.04 1.20 2015/16 (Proj.) Oct 11.23 16.64 1.17 14.15 1.31 filler filler filler filler filler Foreign 3/ OutputTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2013/14 406.97 466.20 87.79 367.79 74.27 2014/15 (Est.) 420.72 493.15 95.22 383.29 85.12 filler filler filler filler filler 2015/16 (Proj.) Sep 411.10 495.07 95.79 389.88 80.83 2015/16 (Proj.) Oct 415.75 499.26 97.84 391.63 82.73 filler filler filler filler filler Oilmeals 2013/14 242.96 250.03 71.27 244.68 12.40 2014/15 (Est.) 255.47 263.97 72.66 258.32 14.15 filler filler filler filler filler 2015/16 (Proj.) Sep 262.27 271.79 77.31 266.82 12.43 2015/16 (Proj.) Oct 263.14 273.56 77.26 267.28 13.49 filler filler filler filler filler Vegetable Oils 2013/14 160.60 173.16 68.89 153.03 17.71 2014/15 (Est.) 165.01 178.56 73.16 157.33 17.99 filler filler filler filler filler 2015/16 (Proj.) Sep 169.82 183.22 73.80 164.36 16.48 2015/16 (Proj.) Oct 170.43 184.14 74.42 164.02 17.50 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total F oreign is equal to World minus United States. October 2015 WASDE - 546 - 11 U.S. Wheat Supply and Use 1/ 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Sep Oct Million Acres Area Planted 56.2 56.8 56.1 54.6 Area Harvested 45.3 46.4 48.5 47.1 Bushels Yield per Harvested Acre 47.1 43.7 44.1 43.6 Million Bushels Beginning Stocks 718 590 753 753 Production 2,135 2,026 2,136 2,052 Imports 173 149 125 125 Supply, Total 3,026 2,766 3,014 2,930 Food 955 958 967 967 Seed 77 81 72 72 Feed and Residual 228 120 200 180 Domestic, Total 1,260 1,159 1,239 1,219 Exports 1,176 854 900 850 Use, Total 2,436 2,013 2,139 2,069 Ending Stocks 590 753 875 861 Avg. Farm Price ($/bu) 2/ 6.87 5.99 4.65 - 5.35 4.75 - 5.25 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winte rHard Red SpringSoft Red Winte r White Durum Total Millio n Bushel s 2014/15 (Est.) Beginning Stocks 237 169 113 50 22 590 Production 739 556 455 224 54 2,026 Supply, Total 3/ 985 791 581 283 126 2,766 Domestic Use 422 308 294 71 63 1,159 Exports 269 270 133 146 37 854 Use, Total 691 579 427 216 100 2,013 Ending Stocks, Total 295 212 154 67 26 753 2015/16 (Proj.) Beginning Stocks 295 212 154 67 26 753 Production 827 564 359 219 82 2,052 Supply, Total 3/ 1,132 821 533 296 148 2,930 Domestic Use 491 287 256 107 78 1,219 Exports 240 295 135 140 40 850 Use, Total 731 582 391 247 118 2,069 Ending Stocks, Total Oct 401 239 142 49 30 861 Ending Stocks, Total Sep 374 237 171 68 25 875 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing-year weighted average price received by farmers. 3/ Includes imports. October 2015 WASDE - 546 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Sep Oct Million Acres Area Planted 109.9 103.5 104.1 103.7 Area Harvested 98.1 93.1 92.9 92.7 Metric Tons Yield per Harvested Acre 3.74 4.05 3.93 3.94 Million Metric Tons Beginning Stocks 23.5 34.3 46.9 46.9 Production 366.9 377.1 365.5 364.8 Imports 3.0 3.2 2.8 2.8 Supply, Total 393.4 414.5 415.2 414.6 Feed and Residual 133.5 139.3 139.6 139.5 Food, Seed & Industrial 171.1 171.6 173.2 173.2 Domestic, Total 304.6 310.9 312.8 312.7 Exports 54.5 56.7 58.3 58.3 Use, Total 359.1 367.6 371.1 371.0 Ending Stocks 34.3 46.9 44.1 43.6 CORN 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Septembe r Octobe r Million Acres Area Planted 95.4 90.6 88.9 88.4 Area Harvested 87.5 83.1 81.1 80.7 Bushels Yield per Harvested Acre 158.1 171.0 167.5 168.0 Million Bushels Beginning Stocks 821 1,232 1,732 1,731 Production 13,829 14,216 13,585 13,555 Imports 36 32 30 30 Supply, Total 14,686 15,479 15,347 15,316 Feed and Residual 5,040 5,317 5,275 5,275 Food, Seed & Industrial 2/ 6,493 6,566 6,630 6,630 Ethanol & by-products 3/ 5,124 5,207 5,250 5,250 Domestic, Total 11,534 11,883 11,905 11,905 Exports 1,920 1,864 1,850 1,850 Use, Total 13,454 13,748 13,755 13,755 Ending Stocks 1,232 1,731 1,592 1,561 Avg. Farm Price ($/bu) 4/ 4.46 3.70 3.45 - 4.05 3.50 - 4.10 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access th e data on the Web through the Feed Grains Database at www.ers.usda.gov/data-products/feed-grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average pr ice received by farmers. October 2015 WASDE - 546 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Sep Oct Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 8.1 7.1 8.7 8.7 Area Harvested (mil. acres) 6.6 6.4 7.7 7.6 Yield (bushels/acre) 59.6 67.6 74.9 75.0 Beginning Stocks 15 34 17 18 Production 392 433 574 574 Imports 0000 Supply, Total 408 467 591 592 Feed and Residual 93 80 105 105 Food, Seed & Industrial 70 15 15 15 Total Domestic 162 96 120 120 Exports 211 353 430 430 Use, Total 374 449 550 550 Ending Stocks 34 18 41 42 Avg. Farm Price ($/bu) 2/ 4.28 4.03 3.65 - 4.35 3.65 - 4.35 Filler Filler Filler Filler Filler BARLEY 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Septembe r Octobe r Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.5 3.0 3.4 3.6 Area Harvested (mil. acres) 3.0 2.5 2.9 3.1 Yield (bushels/acre) 71.3 72.7 71.8 68.9 Beginning Stocks 80 82 79 79 Production 217 182 210 214 Imports 19 24 20 20 Supply, Total 316 287 308 313 Feed and Residual 66 43 60 50 Food, Seed & Industrial 153 151 153 153 Total Domestic 219 194 213 203 Exports 14 14 15 15 Use, Total 234 209 228 218 Ending Stocks 82 79 80 95 Avg. Farm Price ($/bu) 2/ 6.06 5.30 4.50 - 5.30 4.65 - 5.45 Filler Filler Filler Filler Filler OATS 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Septembe r Octobe r Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.0 2.8 3.1 3.1 Area Harvested (mil. acres) 1.0 1.0 1.2 1.3 Yield (bushels/acre) 64.1 67.9 70.0 70.2 Beginning Stocks 36 25 54 54 Production 65 70 85 90 Imports 97 107 95 95 Supply, Total 198 202 234 238 Feed and Residual 98 70 95 100 Food, Seed & Industrial 73 77 77 77 Total Domestic 172 147 172 177 Exports 2222 Use, Total 173 149 174 179 Ending Stocks 25 54 60 59 Avg. Farm Price ($/bu) 2/ 3.75 3.21 2.10 - 2.60 2.00 - 2.50 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. October 2015 WASDE - 546 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Sep Oct Million Acres Area Planted 2.49 2.94 2.61 2.61 Area Harvested 2.47 2.92 2.57 2.57 Filler Pounds Yield per Harvested Acre 7,694 7,572 7,374 7,307 Million Hundredweight Beginning Stocks 2/ 36.4 31.8 48.5 48.5 Production 190.0 221.0 189.5 187.8 Imports 23.1 24.7 25.5 25.5 Supply, Total 249.5 277.5 263.5 261.8 Domestic & Residual 3/ 124.4 128.7 125.0 125.0 Exports, Total 4/ 93.3 100.3 97.0 97.0 Rough 28.0 34.0 33.0 33.0 Milled (rough equiv.) 65.3 66.3 64.0 64.0 Use, Total 217.7 229.0 222.0 222.0 Ending Stocks 31.8 48.5 41.5 39.8 Avg. Milling Yield (%) 5/ 71.00 70.50 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 16.30 13.20 14.20 - 15.20 14.20 - 15.20 Total LONG-GRAIN RICE 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Septembe r Octobe r Harvested Acres (mil.) 1.77 2.19 Yield (pounds/acre) 7,464 7,408 Beginning Stocks 21.9 16.2 26.5 26.5 Production 131.9 162.4 131.5 130.3 Supply, Total 7/ 173.3 199.7 180.0 178.8 Domestic & Residual 3/ 95.3 102.5 93.0 93.0 Exports 8/ 61.9 70.8 64.0 64.0 Use, Total 157.1 173.2 157.0 157.0 Ending Stocks 16.2 26.5 23.0 21.8 Avg. Farm Price ($/cwt) 6/ 15.40 11.90 12.80 - 13.80 12.80 - 13.80 Filler Filler Filler Filler Filler MEDIUM & SHORT-GRAIN RICE 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Septembe r Octobe r Harvested Acres (mil.) 0.70 0.73 Yield (pounds/acre) 8,270 8,068 Beginning Stocks 12.2 13.3 20.2 20.2 Production 58.1 58.7 58.0 57.5 Supply, Total 7/ 73.8 75.9 81.7 81.1 Domestic & Residual 3/ 29.1 26.2 32.0 32.0 Exports 8/ 31.4 29.5 33.0 33.0 Use, Total 60.5 55.8 65.0 65.0 Ending Stocks 13.3 20.2 16.7 16.1 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 19.20 17.90 17.50 - 18.50 17.30 - 18.30 California 10/ 20.70 20.40 20.50 - 21.50 20.50 - 21.50 Other States 1/ 15.70 14.60 14.00 - 15.00 13.50 - 14.50 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of bro ken kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2013/14-2.1; 2014/15-2.3; 2015/16-1.9. 3/ Residual include s unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and en ding stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. The 2013/14 and 2014/15 milling yield is based on the Farm Service Agency (FSA) warehouse stored loan data for long, medium, and short grain rice. The 2015/16 milling yield is calculated using the previous five-year Olympic average-- 2010/11-2014/15. 6/ Marketing-year weighted average price r eceived by farmers. 7/ Includes imports. 8/ Expor ts by type of rice are estimated. 9 / The medium/short-grain season- average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not fin al until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP fo recast and the final price has av eraged $1.65 per cwt from 2008/09 -2013/14, with a high of $3.5 0 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. October 2015 WASDE - 546 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Sep Oct Filler Filler Filler Filler Filler Million Acres Area Planted 76.8 83.3 84.3 83.2 Area Harvested 76.3 82.6 83.5 82.4 Filler Bushels Yield per Harvested Acre 44.0 47.5 47.1 47.2 Million Bushels Beginning Stocks 141 92 210 191 Production 3,358 3,927 3,935 3,888 Imports 72 33 30 30 Supply, Total 3,570 4,052 4,175 4,109 Crushings 1,734 1,875 1,870 1,880 Exports 1,638 1,843 1,725 1,675 Seed 97 97 92 92 Residual 10 46 38 38 Use, Total 3,478 3,861 3,725 3,685 Ending Stocks 92 191 450 425 Avg. Farm Price ($/bu) 2/ 13.00 10.10 8.40 - 9.90 8.40 - 9.90 Total SOYBEAN OIL 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Septembe r Octobe r Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,705 1,165 1,565 1,620 Production 4/ 20,130 21,430 21,615 21,735 Imports 165 275 200 225 Supply, Total 22,000 22,870 23,380 23,580 Domestic Disappearance 18,958 19,200 19,600 19,550 Biodiesel 3/ 5,010 5,050 5,200 5,200 Food, Feed & other Industrial 13,948 14,150 14,400 14,350 Exports 1,877 2,050 2,000 2,000 Use, Total 20,835 21,250 21,600 21,550 Ending stocks 1,165 1,620 1,780 2,030 Avg. Price (c/lb) 2/ 38.23 31.60 27.50 - 30.50 27.50 - 30.50 Total SOYBEAN MEAL 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Septembe r Octobe r Filler 1 2 3 4 Thousand Shor t Tons Beginning Stocks 275 250 300 300 Production 4/ 40,685 45,220 44,425 44,625 Imports 383 330 325 325 Supply, Total 41,343 45,800 45,050 45,250 Domestic Disappearance 29,547 32,300 33,100 33,300 Exports 11,546 13,200 11,650 11,650 Use, Total 41,093 45,500 44,750 44,950 Ending Stocks 250 300 300 300 Avg. Price ($/s.t.) 2/ 489.94 368.49 310.00 - 350.00 310.00 - 350.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted aver age price received by farmers; oil, simple aver age of crude soybean oil, Decatur; meal, simple average of 48 percent pr otein, Decatur. 3/ Reflects only biodiesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year cr ush of 1,905 million bushels for 2014/ 15 and 1,880 million bushels f or 2015/16. October 2015 WASDE - 546 - 16 U.S. Sugar Supply and Use 1/ 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Sep Oct Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 2,158 1,810 1,730 1,697 Production 2/ 8,462 8,588 8,734 8,760 Beet Sugar 4,794 4,825 5,034 5,075 Cane Sugar 3,667 3,763 3,700 3,685 Florida 1,763 1,975 1,940 1,940 Hawaii 168 160 180 165 Louisiana 1,591 1,505 1,450 1,450 Texas 145 123 130 130 Imports 3,742 3,544 3,394 3,398 TRQ 3/ 1,302 1,540 1,524 1,528 Other Program 4/ 305 459 315 315 Other 5/ 2,135 1,544 1,555 1,555 Mexico 2,130 1,530 1,540 1,540 Total Supply 14,361 13,941 13,858 13,856 Exports 306 180 200 200 Deliveries 12,246 12,064 12,010 11,920 Food 6/ 11,819 11,935 11,875 11,785 Other 7/ 427 129 135 135 Miscellaneous 0000 Total Use 12,552 12,244 12,210 12,120 Ending Stocks 1,810 1,697 1,648 1,736 Stocks to Use Ratio 14.4 13.9 13.5 14.3 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2014/15 and 2015/16 are based on Crop Production and processor projections where appropriate. 3/ For 2015/16, WTO raw sugar TRQ shortfall (99). For 2014/15, WTO raw sugar TRQ shortfall (65). 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ For 2013/14, other high-tier (5) and other (0). For 2014/15, other high-tier (14) and other (0). For 2015/16, other high-tier (15) and other (0). 6/Combines SMD deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar-containing products for reexport, and for nonedible alcohol, feed, and ethanol. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2014/15 Est. Sep 831 5,985 140 4,764 1,392 800 2014/15 Est. Oct 831 5,985 151 4,764 1,441 762 2015/16 Proj. Sep 800 6,000 155 4,825 1,328 803 2015/16 Proj. Oct 762 6,000 155 4,825 1,328 764 1/ HFCS imports by Mexico (1,000 metric tons, dry basis): Oct-Sep 2013/14 = 913, Oct-Aug 2013/14 = 815, Oct-Aug 2014/15 = 894 . Footnote source: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes domestic consumption, Mexico's products export program (IMMEX), and any residual statistical discrepancies. IMMEX: 2014/15 (324 est), 2015/16 (324 proj). Statistical Adjustment: 2014/15 (0), 2015/16 (0). October 2015 WASDE - 546 - 17 U.S. Cotton Supply and Use 1/ 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Sep Oct Filler Filler Filler Filler Filler Area Million Acres Planted 10.41 11.04 8.56 8.56 Harvested 7.54 9.35 8.17 8.17 Filler Pounds Yield per Harvested Acre 821 838 789 784 Million 480 Pound Bales Beginning Stocks 3.80 2.35 3.70 3.70 Production 12.91 16.32 13.43 13.34 Imports 0.01 0.01 0.01 0.01 Supply, Total 16.72 18.68 17.14 17.05 Domestic Use 3.55 3.58 3.70 3.70 Exports, Total 10.53 11.25 10.20 10.20 Use, Total 14.08 14.82 13.90 13.90 Unaccounted 2/ 0.29 0.16 0.04 0.05 Ending Stocks 2.35 3.70 3.20 3.10 Avg. Farm Price 3/ 77.9 60.5 56.00 - 68.00 54.00 - 64.00 Total Note: Reliability calculations at end of report. 1/ Upland and ex tra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. October 2015 WASDE - 546 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 177.16 715.11 158.36 126.79 698.50 165.90 193.77 United States 19.54 58.11 4.71 6.20 34.29 32.00 16.07 Total Foreign 157.62 657.01 153.65 120.60 664.21 133.90 177.71 Major Exporters 4/ 20.80 217.75 4.58 56.90 139.61 76.17 27.35 Argentina 0 . 2 9 1 0 . 5 00 . 0 00 . 1 06 . 0 52 . 2 52 . 4 9 Australia 4.66 25.30 0.16 3.60 6.95 18.62 4.56 Canada 5.14 37.53 0.45 4.20 9.41 23.27 10.44 European Union 5/ 10.71 144.42 3.97 49.00 117.20 32.03 9.87 Major Importers 6/ 83.62 194.11 87.36 28.30 259.73 5.19 100.18 Brazil 1.00 5.30 7.07 0.60 11.40 0.08 1.89 China 53.96 121.93 6.77 16.00 116.50 0.89 65.27 Sel. Mideast 7/ 8.94 18.97 20.69 4.92 36.02 0.49 12.09 N. Africa 8/ 11.49 19.72 25.27 2.68 42.42 0.50 13.55 Pakistan 2.62 24.00 0.40 0.60 24.10 0.75 2.17 Southeast Asia 9/ 3.78 0.00 16.41 2.46 15.76 0.89 3.55 Selected Other India 24.20 93.51 0.03 4.80 93.85 6.05 17.83 FSU-12 13.92 103.87 7.41 22.75 72.94 37.15 15.12 Russia 4.95 52.09 0.80 12.50 34.10 18.57 5.18 Kazakhstan 2 . 9 4 1 3 . 9 40 . 0 12 . 0 06 . 8 08 . 1 01 . 9 9 Ukraine 2.58 22.28 0.07 3.40 11.50 9.76 3.67 2014/15 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 193.77 725.49 158.96 132.88 707.16 164.50 212.11 United States 16.07 55.15 4.07 3.25 31.53 23.25 20.50 Total Foreign 177.71 670.35 154.90 129.62 675.63 141.25 191.61 Major Exporters 4/ 27.35 222.11 6.65 62.69 146.87 81.71 27.53 Argentina 2 . 4 9 1 2 . 5 00 . 0 40 . 3 06 . 3 55 . 5 03 . 1 8 Australia 4.56 23.67 0.16 4.10 7.50 16.70 4.18 Canada 10.44 29.42 0.48 3.79 9.12 24.12 7.11 European Union 5/ 9.87 156.52 5.97 54.50 123.90 35.40 13.07 Major Importers 6/ 100.18 196.47 84.94 30.63 263.49 7.67 110.43 Brazil 1.89 6.00 5.60 0.30 10.70 1.70 1.09 China 65.27 126.17 1.93 17.00 118.00 0.80 74.57 Sel. Mideast 7/ 12.09 17.37 21.26 4.55 36.20 1.53 12.98 N. Africa 8/ 13.55 16.90 25.18 2.48 42.68 0.61 12.35 Pakistan 2.17 25.50 0.75 1.00 24.50 0.70 3.22 Southeast Asia 9/ 3.55 0.00 19.91 4.51 18.27 0.96 4.23 Selected Other India 17.83 95.85 0.05 4.50 93.13 3.40 17.20 FSU-12 15.12 112.73 7.67 24.60 75.84 40.22 19.46 Russia 5.18 59.08 0.33 13.00 35.50 22.80 6.28 Kazakhstan 1 . 9 9 1 3 . 0 00 . 6 02 . 0 06 . 8 05 . 5 43 . 2 5 Ukraine 3.67 24.75 0.03 4.00 12.00 11.27 5.18 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, Ch ina, Japan, Mexico, N. Africa, Pa kistan, selected Middle East, and S outheast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeri a, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2015 WASDE - 546 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Sep 211.31 731.61 156.24 138.08 716.36 157.58 226.56 Oct 212.11 732.79 157.80 137.72 716.41 160.58 228.49 United States Sep 20.48 58.13 3.40 5.44 33.72 24.49 23.81 Oct 20.50 55.84 3.40 4.90 33.18 23.13 23.43 Total Foreign Sep 190.82 673.48 152.84 132.64 682.64 133.08 202.75 Oct 191.61 676.95 154.40 132.82 683.23 137.44 205.06 Major Exporters 4/ Sep 27.46 216.13 6.67 64.80 148.33 74.50 27.43 Oct 27.53 218.76 6.67 64.80 148.33 76.00 28.63 Argentina Sep 3.18 11.00 0.03 0.10 6.15 5.50 2.56 Oct 3.18 10.50 0.03 0.10 6.15 5.00 2.56 Australia Sep 4.18 26.00 0.15 3.90 7.33 18.50 4.50 Oct 4.18 27.00 0.15 3.90 7.33 19.00 5.00 Canada Sep 7.11 25.00 0.49 3.80 9.00 18.00 5.59 Oct 7.11 26.00 0.49 3.80 9.00 19.00 5.59 European Union 5/ Sep 13.00 154.13 6.00 57.00 125.85 32.50 14.78 Oct 13.07 155.26 6.00 57.00 125.85 33.00 15.48 Major Importers 6/ Sep 110.43 202.92 84.00 29.62 266.53 6.36 124.45 Oct 110.43 203.62 85.12 29.82 266.33 6.41 126.42 Brazil Sep 1.09 6.00 7.00 0.60 11.50 1.00 1.59 Oct 1.09 6.00 6.70 0.60 11.20 1.00 1.59 China Sep 74.57 130.00 2.20 15.00 116.50 1.00 89.27 Oct 74.57 130.00 2.50 15.00 116.50 1.00 89.57 Sel. Mideast 7/ Sep 12.93 17.86 19.70 4.85 37.56 0.83 12.10 Oct 12.98 17.86 20.60 4.85 37.46 0.83 13.15 N. Africa 8/ Sep 12.36 19.56 25.60 2.88 44.33 0.63 12.57 Oct 12.35 20.26 25.60 2.88 44.33 0.65 13.23 Pakistan Sep 3.22 25.00 0.10 1.00 24.60 0.60 3.12 Oct 3.22 25.00 0.10 1.00 24.60 0.60 3.12 Southeast Asia 9/ Sep 4.26 0.00 19.20 4.49 18.75 0.94 3.77 Oct 4.23 0.00 19.43 4.69 18.95 0.96 3.74 Selected Other India Sep 17.20 88.94 0.80 4.80 94.74 0.30 11.90 Oct 17.20 88.94 0.80 4.80 94.54 0.50 11.90 FSU-12 Sep 18.97 117.03 7.09 25.83 78.13 42.91 22.06 Oct 19.46 117.53 7.09 25.83 78.13 45.41 20.55 Russia Sep 6.28 61.00 0.35 14.00 37.00 23.00 7.63 Oct 6.28 61.00 0.35 14.00 37.00 23.50 7.13 Kazakhstan Sep 2.78 14.00 0.03 2.00 6.80 6.00 4.01 Oct 3.25 14.00 0.03 2.00 6.80 6.50 3.97 Ukraine Sep 5.18 26.50 0.05 4.50 12.70 13.50 5.53 Oct 5.18 27.00 0.05 4.50 12.70 15.00 4.53 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, Ch ina, Japan, Mexico, N. Africa, Pa kistan, selected Middle East, and S outheast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeri a, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2015 WASDE - 546 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 168.80 1,281.12 156.18 737.11 1,237.85 164.45 212.07 United States 23.53 367.09 3.23 133.69 305.05 54.49 34.31 Total Foreign 145.26 914.03 152.95 603.42 932.80 109.97 177.75 Major Exporters 4/ 21.75 174.69 1.81 81.14 111.15 56.45 30.65 Argentina 2.47 35.67 0.00 8.74 13.60 21.27 3.27 Australia 0.85 12.16 0.00 3.36 5.04 6.92 1.05 Brazil 14.56 82.60 1.11 48.28 58.03 20.98 19.26 Canada 3.02 28.75 0.54 15.14 22.37 5.29 4.65 Major Importers 5/ 33.52 249.77 112.99 259.12 341.58 10.97 43.73 European Union 6/ 13.08 158.98 16.24 122.36 164.11 8.63 15.56 Japan 0.98 0.19 17.50 12.88 17.64 0.00 1.03 Mexico 1.63 32.02 11.32 23.62 40.89 0.50 3.58 N. Afr & Mideast 7/ 9.93 31.12 30.66 50.38 57.94 0.30 13.46 Saudi Arabia 3.39 0.36 11.69 11.13 11.55 0.00 3.89 Southeast Asia 8/ 2.83 26.84 10.73 26.86 34.96 1.54 3.90 South Korea 1.29 0.20 10.50 7.80 10.11 0.00 1.88 Selected Other China 68.38 225.07 12.45 161.78 227.60 0.03 78.26 FSU-12 5.04 87.63 0.80 39.97 55.63 30.85 6.97 Russia 1.38 35.74 0.26 18.90 28.62 6.95 1.80 Ukraine 2.33 39.92 0.08 12.22 15.93 22.77 3.64 2014/15 Est. Beginning Stocks Productio n ImportsDomestic FeedDomesti c Total 2 / ExportsEnding Stocks World 3/ 212.07 1,297.42 164.70 764.60 1,278.29 177.27 231.20 United States 34.31 377.23 3.42 139.51 311.34 56.67 46.95 Total Foreign 177.75 920.19 161.29 625.09 966.95 120.60 184.24 Major Exporters 4/ 30.65 166.07 3.19 81.65 111.75 60.60 27.55 Argentina 3.27 33.53 0.01 9.17 14.33 19.61 2.87 Australia 1.05 11.66 0.00 2.79 4.46 7.43 0.83 Brazil 19.26 87.60 0.93 50.20 59.93 29.04 18.82 Canada 4.65 21.99 1.63 13.91 21.24 3.81 3.23 Major Importers 5/ 43.73 257.93 107.79 262.51 346.09 15.43 47.92 European Union 6/ 15.56 170.59 8.93 121.48 163.87 13.97 17.24 Japan 1.03 0.17 16.83 12.37 17.03 0.00 1.00 Mexico 3.58 32.33 11.25 24.42 41.94 0.51 4.71 N. Afr & Mideast 7/ 13.46 26.88 33.42 51.53 59.49 0.10 14.17 Saudi Arabia 3.89 0.36 11.35 11.25 11.73 0.00 3.87 Southeast Asia 8/ 3.90 27.28 11.62 29.29 37.29 0.85 4.66 South Korea 1.88 0.21 10.09 8.05 10.32 0.00 1.86 Selected Other China 78.26 222.17 24.85 174.60 242.65 0.05 82.58 FSU-12 6.97 91.45 0.84 41.83 57.99 33.66 7.62 Russia 1.80 40.39 0.16 21.08 31.44 8.36 2.54 Ukraine 3.64 39.35 0.06 11.55 15.19 24.45 3.40 1/ Aggregate of local marketing years. Co arse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing year s, grain in transit, and reportin g discrepancies in some countr ies. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Malays ia, Philippines, Th ailand, and Vietnam. October 2015 WASDE - 546 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Sep 232.42 1,274.32 163.08 771.61 1,281.92 167.54 224.83 Oct 231.20 1,267.25 162.63 768.84 1,275.55 165.79 222.90 United States Sep 46.94 365.69 3.06 139.80 313.29 58.28 44.13 Oct 46.95 365.14 3.05 139.68 313.16 58.28 43.70 Total Foreign Sep 185.48 908.63 160.02 631.80 968.63 109.26 180.70 Oct 184.24 902.11 159.58 629.16 962.38 107.52 179.20 Major Exporters 4/ Sep 27.64 164.99 2.82 84.85 115.54 55.37 24.53 Oct 27.55 165.55 2.70 84.88 115.47 55.67 24.66 Argentina Sep 2.87 33.46 0.01 9.62 15.08 19.11 2.15 Oct 2.87 32.46 0.01 9.62 14.98 18.11 2.25 Australia Sep 0.83 12.58 0.00 3.44 5.12 7.33 0.96 Oct 0.83 12.78 0.00 3.44 5.12 7.33 1.16 Brazil Sep 18.82 81.58 1.00 52.09 61.84 24.02 15.54 Oct 18.82 82.58 1.00 52.09 61.84 25.02 15.54 Canada Sep 3.23 23.30 1.71 14.08 21.48 3.40 3.35 Oct 3.23 23.63 1.61 14.11 21.51 3.70 3.25 Major Importers 5/ Sep 48.91 242.80 110.12 266.14 349.75 10.22 41.86 Oct 47.92 243.36 109.61 264.92 348.63 10.22 42.04 European Union 6/ Sep 17.94 148.59 16.36 119.23 161.53 8.81 12.55 Oct 17.24 149.34 16.36 118.83 161.32 8.81 12.82 Japan Sep 1.00 0.17 17.09 12.58 17.24 0.00 1.02 Oct 1.00 0.17 17.08 12.57 17.23 0.00 1.02 Mexico Sep 4.71 31.98 10.78 25.02 42.59 0.50 4.37 Oct 4.71 31.98 10.78 25.02 42.59 0.50 4.37 N. Afr & Mideast 7/ Sep 14.24 33.07 28.67 54.33 62.34 0.27 13.38 Oct 14.17 33.07 28.67 54.33 62.34 0.27 13.30 Saudi Arabia Sep 4.07 0.25 12.03 12.25 12.65 0.00 3.69 Oct 3.87 0.25 11.53 11.55 11.95 0.00 3.69 Southeast Asia 8/ Sep 4.67 28.41 10.72 30.46 38.57 0.64 4.59 Oct 4.66 28.21 10.72 30.36 38.37 0.64 4.58 South Korea Sep 1.86 0.20 10.09 8.04 10.32 0.00 1.84 Oct 1.86 0.20 10.09 8.04 10.32 0.00 1.84 Selected Other China Sep 82.38 231.50 21.25 173.13 243.48 0.08 91.58 Oct 82.58 231.50 21.25 173.13 243.48 0.08 91.78 FSU-12 Sep 7.91 89.71 0.82 41.93 58.16 32.94 7.33 Oct 7.62 85.83 0.82 41.06 57.29 30.94 6.04 Russia Sep 2.54 41.80 0.16 21.65 32.10 9.11 3.29 Oct 2.54 39.80 0.16 21.15 31.60 8.61 2.29 Ukraine Sep 3.69 36.78 0.06 10.90 14.46 23.18 2.88 Oct 3.40 34.78 0.06 10.40 13.96 21.68 2.59 1/ Aggregate of local marketing years. Co arse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing year s, grain in transit, and reportin g discrepancies in some countr ies. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Malays ia, Philippines, Th ailand, and Vietnam. October 2015 WASDE - 546 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 137.92 991.42 123.94 574.34 953.46 131.10 175.88 United States 20.86 351.27 0.91 128.02 292.97 48.78 31.29 Total Foreign 117.06 640.14 123.03 446.32 660.49 82.32 144.59 Major Exporters 4/ 16.12 120.93 0.86 57.30 75.30 40.03 22.58 Argentina 1.31 26.00 0.00 5.80 8.80 17.10 1.41 Brazil 14.15 80.00 0.79 46.00 55.00 20.97 18.97 South Africa 0.66 14.93 0.07 5.50 11.50 1.96 2.20 Major Importers 5/ 12.27 120.25 76.03 133.46 185.52 4.44 18.60 Egypt 1.08 5.80 8.73 11.00 13.20 0.00 2.40 European Union 6/ 5.15 64.63 15.92 58.00 76.50 2.40 6.80 Japan 0.52 0.00 15.12 10.70 15.10 0.00 0.55 Mexico 1.06 22.88 10.95 15.20 31.70 0.50 2.69 Southeast Asia 7/ 2.82 26.78 10.72 26.80 34.90 1.53 3.89 South Korea 1.27 0.08 10.41 7.76 9.89 0.00 1.86 Selected Other 0.00 Canada 1.55 14.19 0.51 7.52 12.70 1.95 1.60 China 67.57 218.49 3.28 154.00 212.00 0.02 77.32 FSU-12 2.00 46.90 0.46 18.37 21.14 24.81 3.42 Ukraine 1.19 30.90 0.07 8.30 9.70 20.00 2.45 2014/15 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 175.88 1,008.68 121.22 599.68 988.53 133.04 196.03 United States 31.29 361.09 0.80 135.06 301.85 47.36 43.98 Total Foreign 144.59 647.59 120.42 464.62 686.68 85.68 152.05 Major Exporters 4/ 22.58 122.30 1.11 59.60 77.60 46.70 21.68 Argentina 1.41 26.50 0.01 6.10 9.40 17.00 1.51 Brazil 18.97 85.00 0.60 48.00 57.00 29.00 18.57 South Africa 2.20 10.80 0.50 5.50 11.20 0.70 1.60 Major Importers 5/ 18.60 134.11 67.58 140.20 192.98 5.36 21.96 Egypt 2.40 5.96 7.50 11.50 13.90 0.01 1.95 European Union 6/ 6.80 75.73 8.60 59.50 78.50 4.00 8.63 Japan 0.55 0.00 14.70 10.40 14.70 0.00 0.55 Mexico 2.69 25.00 11.00 17.50 34.25 0.50 3.94 Southeast Asia 7/ 3.89 27.23 11.58 29.20 37.20 0.85 4.65 South Korea 1.86 0.08 10.00 8.00 10.10 0.00 1.84 Selected Other 0.00 Canada 1.60 11.49 1.50 7.50 12.80 0.50 1.29 China 77.32 215.67 5.70 157.00 217.00 0.03 81.66 FSU-12 3.42 43.47 0.47 18.72 21.54 23.00 2.82 Ukraine 2.45 28.45 0.05 8.00 9.40 19.80 1.75 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Braz il, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade ex cludes intra-trade. 7/ Indo nesia, Malaysia, Philippines, Thailand, and Vietnam. October 2015 WASDE - 546 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Sep 197.21 978.10 123.66 604.84 985.62 123.48 189.69 Oct 196.03 972.60 123.31 602.49 980.79 121.93 187.83 United States Sep 44.01 345.07 0.76 133.99 302.40 46.99 40.45 Oct 43.98 344.31 0.76 133.99 302.40 46.99 39.66 Total Foreign Sep 153.21 633.03 122.90 470.85 683.22 76.49 149.24 Oct 152.05 628.29 122.55 468.50 678.39 74.94 148.18 Major Exporters 4/ Sep 21.79 117.50 0.63 62.00 80.40 41.00 18.52 Oct 21.68 117.50 0.63 62.00 80.40 41.00 18.41 Argentina Sep 1.51 25.00 0.01 6.50 10.00 15.50 1.02 Oct 1.51 24.00 0.01 6.50 10.00 14.50 1.02 Brazil Sep 18.57 79.00 0.60 50.00 59.00 24.00 15.17 Oct 18.57 80.00 0.60 50.00 59.00 25.00 15.17 South Africa Sep 1.71 13.50 0.03 5.50 11.40 1.50 2.33 Oct 1.60 13.50 0.03 5.50 11.40 1.50 2.22 Major Importers 5/ Sep 22.62 116.07 74.30 140.40 193.33 2.15 17.51 Oct 21.96 115.87 74.30 139.80 192.63 2.15 17.35 Egypt Sep 1.95 6.00 8.00 12.10 14.50 0.01 1.44 Oct 1.95 6.00 8.00 12.10 14.50 0.01 1.44 European Union 6/ Sep 9.27 58.00 16.00 58.00 77.00 1.00 5.27 Oct 8.63 58.00 16.00 57.50 76.50 1.00 5.12 Japan Sep 0.55 0.00 14.80 10.50 14.80 0.00 0.55 Oct 0.55 0.00 14.80 10.50 14.80 0.00 0.55 Mexico Sep 3.94 23.50 10.50 17.20 34.00 0.50 3.44 Oct 3.94 23.50 10.50 17.20 34.00 0.50 3.44 Southeast Asia 7/ Sep 4.67 28.36 10.70 30.40 38.50 0.64 4.59 Oct 4.65 28.16 10.70 30.30 38.30 0.64 4.58 South Korea Sep 1.84 0.08 10.00 8.00 10.10 0.00 1.82 Oct 1.84 0.08 10.00 8.00 10.10 0.00 1.82 Selected Other Canada Sep 1.29 12.30 1.50 8.00 13.35 0.50 1.24 Oct 1.29 12.30 1.50 8.00 13.35 0.50 1.24 China Sep 81.46 225.00 3.00 157.00 219.00 0.05 90.41 Oct 81.66 225.00 3.00 157.00 219.00 0.05 90.61 FSU-12 Sep 3.12 43.76 0.49 19.14 22.01 22.63 2.74 Oct 2.82 41.76 0.49 18.64 21.51 21.13 2.44 Ukraine Sep 2.05 27.00 0.05 7.50 8.90 18.50 1.70 Oct 1.75 25.00 0.05 7.00 8.40 17.00 1.40 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Tr ade excludes intra-trade. 7/ Indonesi a, Malaysia, Philippines, Thailand, and Vietnam. October 2015 WASDE - 546 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2013/14 Beginning StocksProductio n Imports Total /2 DomesticExports Ending Stocks World 3/ 110.77 478.39 38.38 481.56 41.74 107.60 United States 1.16 6.12 0.73 3.98 3.01 1.03 Total Foreign 109.61 472.27 37.64 477.58 38.74 106.58 Major Exporters 4/ 39.61 161.97 0.63 134.66 30.64 36.91 India 25.44 106.65 0.00 99.18 10.15 22.76 Pakistan 0.50 6.70 0.03 2.60 3.20 1.43 Thailand 12.81 20.46 0.30 10.88 10.97 11.72 Vietnam 0.86 28.16 0.30 22.00 6.33 1.00 Major Importers 5/ 12.51 64.32 12.43 76.99 1.10 11.17 Brazil 0.53 8.30 0.55 7.90 0.82 0.66 European Union 6/ 1.19 1.94 1.53 3.25 0.24 1.16 Indonesia 6.48 36.30 1.23 38.50 0.00 5.50 Nigeria 0.89 2.77 2.80 5.80 0.00 0.66 Philippines 1.49 11.86 1.20 12.85 0.00 1.70 Sel. Mideast 7/ 1.50 1.95 3.96 6.12 0.00 1.29 Selected Other 0.00 Burma 0.55 11.96 0.00 10.45 1.69 0.37 C. Amer & Carib 8/ 0.52 1.72 1.41 3.16 0.01 0.48 China 46.83 142.53 4.02 146.30 0.26 46.81 Egypt 0.43 4.75 0.03 4.00 0.60 0.60 Japan 2.86 7.94 0.66 8.29 0.06 3.11 Mexico 0.19 0.13 0.69 0.86 0.00 0.15 South Korea 0.78 4.23 0.31 4.42 0.00 0.90 2014/15 Est. Beginning Stocks Productio n ImportsTotal / 2 Domesti c ExportsEndin g Stock s World 3/ 107.60 478.81 40.66 484.62 42.79 101.79 United States 1.03 7.07 0.78 4.12 3.21 1.55 Total Foreign 106.58 471.74 39.87 480.51 39.59 100.24 Major Exporters 4/ 36.91 158.52 0.73 135.85 30.90 29.41 India 22.76 104.80 0.00 99.25 11.70 16.61 Pakistan 1.43 6.90 0.03 2.80 4.00 1.56 Thailand 11.72 18.75 0.30 11.70 9.00 10.07 Vietnam 1.00 28.07 0.40 22.10 6.20 1.17 Major Importers 5/ 11.17 64.75 14.65 78.24 1.31 11.03 Brazil 0.66 8.50 0.50 7.90 1.00 0.76 European Union 6/ 1.16 1.88 1.63 3.27 0.28 1.13 Indonesia 5.50 36.30 1.25 38.60 0.00 4.45 Nigeria 0.66 2.84 4.00 6.40 0.00 1.09 Philippines 1.70 11.92 1.70 13.20 0.00 2.11 Sel. Mideast 7/ 1.29 1.98 4.06 6.17 0.00 1.16 Selected Other 0.00 Burma 0.37 12.60 0.00 10.55 2.00 0.42 C. Amer & Carib 8/ 0.48 1.75 1.54 3.32 0.01 0.44 China 46.81 144.50 4.32 148.40 0.43 46.80 Egypt 0.60 4.53 0.03 4.00 0.25 0.91 Japan 3.11 7.84 0.65 8.31 0.08 3.21 Mexico 0.15 0.17 0.66 0.87 0.00 0.11 South Korea 0.90 4.24 0.47 4.45 0.00 1.16 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to re flect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ Worl d imports and exports may not ba lance due to differences in so me countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Braz il, Indonesia, Hong K ong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Ir aq, and Saudi Arabia. 8/ Centra l American and Caribbean countri es. October 2015 WASDE - 546 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ Sep 101.82 475.76 39.79 487.42 41.67 90.16 Oct 101.79 474.02 39.43 487.52 41.47 88.29 United States Sep 1.55 6.02 0.81 3.98 3.08 1.32 Oct 1.55 5.96 0.81 3.98 3.08 1.26 Total Foreign Sep 100.27 469.74 38.98 483.44 38.59 88.84 Oct 100.24 468.06 38.62 483.54 38.39 87.03 Major Exporters 4/ Sep 29.51 157.10 0.82 136.25 30.20 20.98 Oct 29.41 155.00 0.82 136.25 30.00 18.98 India Sep 16.70 104.00 0.00 99.20 9.00 12.50 Oct 16.61 103.50 0.00 99.20 9.00 11.91 Pakistan Sep 1.56 6.90 0.02 2.85 4.00 1.63 Oct 1.56 6.90 0.02 2.85 4.50 1.13 Thailand Sep 10.07 18.00 0.30 12.00 10.20 6.17 Oct 10.07 16.40 0.30 12.00 9.50 5.27 Vietnam Sep 1.17 28.20 0.50 22.20 7.00 0.67 Oct 1.17 28.20 0.50 22.20 7.00 0.67 Major Importers 5/ Sep 10.95 64.20 13.72 78.20 1.18 9.49 Oct 11.03 64.20 13.86 78.01 1.18 9.90 Brazil Sep 0.76 8.00 0.70 7.95 0.90 0.61 Oct 0.76 8.00 0.70 7.95 0.90 0.61 European Union 6/ Sep 1.13 1.93 1.55 3.28 0.23 1.10 Oct 1.13 1.93 1.55 3.28 0.23 1.10 Indonesia Sep 4.45 36.30 1.30 38.65 0.00 3.40 Oct 4.45 36.30 1.30 38.65 0.00 3.40 Nigeria Sep 1.09 2.71 3.00 6.00 0.00 0.80 Oct 1.09 2.71 3.00 6.00 0.00 0.80 Philippines Sep 2.08 12.00 1.30 13.25 0.00 2.13 Oct 2.11 12.00 1.70 13.25 0.00 2.56 Sel. Mideast 7/ Sep 1.22 1.86 4.50 6.35 0.00 1.23 Oct 1.16 1.86 4.35 6.22 0.00 1.15 Selected Other Burma Sep 0.42 12.20 0.00 10.50 1.80 0.32 Oct 0.42 12.20 0.00 10.50 1.80 0.32 C. Amer & Carib 8/ Sep 0.46 1.68 1.61 3.30 0.01 0.44 Oct 0.44 1.68 1.61 3.29 0.01 0.42 China Sep 46.91 145.50 4.70 151.00 0.40 45.71 Oct 46.80 145.50 4.70 151.00 0.40 45.60 Egypt Sep 0.91 4.00 0.03 4.00 0.40 0.53 Oct 0.91 4.00 0.03 4.00 0.40 0.53 Japan Sep 3.26 7.90 0.70 8.38 0.08 3.41 Oct 3.21 7.90 0.70 8.38 0.08 3.36 Mexico Sep 0.12 0.17 0.79 0.91 0.00 0.15 Oct 0.11 0.17 0.70 0.87 0.00 0.10 South Korea Sep 1.16 4.00 0.41 4.36 0.00 1.21 Oct 1.16 4.00 0.41 4.36 0.00 1.21 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use a nd unreported disappearance. 3/ World impor ts and exports may not balance due to di fferences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indones ia, Hong Kong, Cote d'Ivoire, Nigeria, Phil ippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Ara bia. 8/ Central American and Caribbean countries. October 2015 WASDE - 546 - 26 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2013/14 Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World 91.81 120.40 41.28 110.05 40.84 -0.38 102.98 United States 3.80 12.91 0.01 3.55 10.53 0.29 2.35 Total Foreign 88.01 107.49 41.26 106.50 30.31 -0.68 100.63 Major Exporters 4/ 27.42 57.03 1.36 32.10 26.60 -0.83 27.94 Central Asia 5/ 4.21 6.60 3 / 2.35 5.05 0.00 3.41 Afr. Fr. Zone 6/ 1.30 4.37 3 / 0.15 4.13 0.00 1.39 S. Hemis 7/ 9.78 14.04 0.29 5.26 7.76 -0.34 11.42 Australia 2.40 4.10 3 / 0.04 4.85 -0.20 1.81 Brazil 5.80 8.00 0.15 4.20 2.23 -0.15 7.67 India 11.80 31.00 0.68 23.35 9.26 -0.50 11.37 Major Importers 8/ 58.77 47.23 37.58 69.98 2.64 0.15 70.81 Mexico 0.65 0.93 1.04 1.85 0.16 0.03 0.58 China 50.36 32.75 14.12 34.50 0.03 0.00 62.71 European Union 9/ 0.55 1.60 0.87 0.85 1.60 0.03 0.53 Turkey 1.32 2.30 4.25 6.30 0.20 0.00 1.36 Pakistan 2.71 9.50 1.20 10.40 0.51 0.03 2.48 Indonesia 0.54 0.03 2.99 3.05 0.01 0.00 0.50 Thailand 0.24 3 / 1.55 1.55 0.00 0.03 0.22 Bangladesh 1.17 0.12 5.30 5.30 0.00 0.01 1.27 Vietnam 0.49 0.01 3.20 3.20 0.00 0.00 0.50 2014/15 Est. Beginning Stocks Productio n ImportsDomestic Use ExportsLoss /2 Ending Stocks World 102.98 118.92 35.92 110.48 35.46 0.09 111.79 United States 2.35 16.32 0.01 3.58 11.25 0.16 3.70 Total Foreign 100.63 102.61 35.90 106.90 24.21 -0.07 108.09 Major Exporters 4/ 27.94 52.57 1.73 32.61 20.75 -0.23 29.11 Central Asia 5/ 3.41 6.20 3 / 2.46 4.69 0.00 2.45 Afr. Fr. Zone 6/ 1.39 5.04 3 / 0.14 4.46 0.00 1.83 S. Hemis 7/ 11.42 11.01 0.17 4.65 7.03 -0.24 11.15 Australia 1.81 2.30 3 / 0.04 2.39 -0.10 1.78 Brazil 7.67 7.00 0.02 3.60 3.91 -0.15 7.33 India 11.37 29.50 1.23 24.50 4.20 0.00 13.39 Major Importers 8/ 70.81 46.94 32.10 69.94 2.54 0.15 77.23 Mexico 0.58 1.37 0.83 1.85 0.18 0.03 0.73 China 62.71 30.00 8.28 33.00 0.07 0.00 67.92 European Union 9/ 0.53 1.63 0.87 0.88 1.58 0.03 0.54 Turkey 1.36 3.20 3.68 6.40 0.24 0.00 1.60 Pakistan 2.48 10.60 0.85 10.60 0.45 0.03 2.85 Indonesia 0.50 0.02 3.50 3.40 0.01 0.00 0.61 Thailand 0.22 3 / 1.47 1.45 0.00 0.03 0.21 Bangladesh 1.27 0.12 5.40 5.50 0.00 0.01 1.28 Vietnam 0.50 0.01 4.40 4.05 0.00 0.00 0.85 1/ Marketing year beginning August 1. Tota ls may not add exactly and trade may not ba lance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing ch annel; for Australia, Brazil, China, and the United States, refl ects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, an d Uzbekistan. 6/ Benin, Burkino Faso, Came roon, Central African Republic, Chad, Cote d' Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Pa raguay, South Africa, Tanzania, and Zimbabwe . 8/ In addition to the countries and regi ons listed, includes Hong Kong, Japan, Russia, South Kore a, and Taiwan. 9/ Includes intra-EU trade. October 2015 WASDE - 546 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2015/16 Proj. Beginning StocksProduction Imports Domestic UseExports Loss /2Ending Stocks World Sep 110.91 108.74 34.24 113.44 34.26 -0.07 106.26 Oct 111.79 107.38 34.20 112.27 34.19 -0.06 106.97 United States Sep 3.70 13.43 0.01 3.70 10.20 0.04 3.20 Oct 3.70 13.34 0.01 3.70 10.20 0.05 3.10 Total Foreign Sep 107.21 95.31 34.23 109.74 24.06 -0.11 103.06 Oct 108.09 94.05 34.19 108.57 23.99 -0.11 103.87 filler filler filler filler filler filler filler Major Exporters 4/ Sep 29.19 50.67 1.64 33.56 20.70 -0.23 27.46 Oct 29.11 50.59 1.70 33.37 20.52 -0.23 27.74 Central Asia 5/ Sep 2.48 5.95 3 / 2.52 3.78 0.00 2.13 Oct 2.45 5.92 3 / 2.51 3.75 0.00 2.11 Afr. Fr. Zone 6/ Sep 1.70 4.56 3 / 0.14 4.62 0.00 1.50 Oct 1.83 4.89 3 / 0.14 5.00 0.00 1.57 S. Hemis 7/ Sep 11.14 10.55 0.24 4.40 7.11 -0.24 10.65 Oct 11.15 10.17 0.25 4.42 7.07 -0.24 10.33 Australia Sep 1.78 2.20 3 / 0.04 2.50 -0.10 1.54 Oct 1.78 2.10 3 / 0.04 2.50 -0.10 1.44 Brazil Sep 7.33 6.70 0.10 3.35 3.80 -0.15 7.13 Oct 7.33 6.50 0.10 3.35 3.80 -0.15 6.93 India Sep 13.57 29.00 0.95 25.70 4.90 0.00 12.92 Oct 13.39 29.00 1.00 25.50 4.40 0.00 13.49 filler filler filler filler filler filler filler Major Importers 8/ Sep 76.22 41.49 30.34 71.72 2.40 0.12 73.82 Oct 77.23 40.29 30.26 70.76 2.52 0.12 74.38 Mexico Sep 0.73 1.05 0.90 1.90 0.15 0.03 0.61 Oct 0.73 1.05 0.88 1.90 0.15 0.03 0.58 China Sep 66.92 26.00 5.75 34.00 0.05 0.00 64.62 Oct 67.92 25.30 5.75 33.50 0.20 0.00 65.27 European Union 9/ Sep 0.51 1.49 0.85 0.88 1.45 0.03 0.49 Oct 0.54 1.49 0.85 0.87 1.45 0.03 0.52 Turkey Sep 1.60 2.80 3.80 6.40 0.23 0.00 1.57 Oct 1.60 2.80 3.80 6.40 0.25 0.00 1.55 Pakistan Sep 2.88 10.00 1.15 10.80 0.50 0.03 2.70 Oct 2.85 9.50 1.15 10.40 0.45 0.03 2.63 Indonesia Sep 0.61 0.02 3.20 3.20 0.01 0.00 0.63 Oct 0.61 0.02 3.20 3.20 0.01 0.00 0.63 Thailand Sep 0.21 3 / 1.45 1.40 0.00 0.03 0.24 Oct 0.21 3 / 1.45 1.40 0.00 0.03 0.24 Bangladesh Sep 1.28 0.13 5.55 5.65 0.00 0.01 1.30 Oct 1.28 0.13 5.55 5.65 0.00 0.01 1.30 Vietnam Sep 0.85 3 / 4.85 4.65 0.00 0.00 1.06 Oct 0.85 3 / 4.85 4.65 0.00 0.00 1.06 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destro yed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan , Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions lis ted, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. October 2015 WASDE - 546 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Domestic CrushDomestic TotalExports Ending Stocks World 2/ 56.17 283.15 111.29 241.08 275.26 112.57 62.77 United States 3.83 91.39 1.95 47.19 50.09 44.57 2.50 Total Foreign 52.34 191.76 109.33 193.89 225.17 68.00 60.27 Major Exporters 3/ 36.46 151.69 0.63 76.47 84.04 62.66 42.09 Argentina 20.96 53.50 0.00 36.17 40.57 7.84 26.05 Brazil 15.33 86.70 0.61 36.86 39.86 46.83 15.95 Paraguay 0.13 8.19 0.01 3.35 3.45 4.80 0.07 Major Importers 4/ 13.33 14.73 96.22 91.39 108.45 0.30 15.51 China 12.38 12.20 70.36 68.85 80.30 0.22 14.43 European Union 0.30 1.21 12.99 13.44 14.20 0.06 0.25 Japan 0.18 0.20 2.89 1.97 3.05 0.00 0.23 Mexico 0.10 0.24 3.84 4.03 4.07 0.00 0.12 2014/15 Est. Beginnin g Stock s Productio n Import sDomesti c Crus hDomesti c Total Export s Endin g Stock s World 2/ 62.77 318.95 120.20 260.54 297.89 126.05 77.97 United States 2.50 106.88 0.90 51.03 54.91 50.17 5.21 Total Foreign 60.27 212.07 119.29 209.51 242.99 75.88 72.76 Major Exporters 3/ 42.09 168.60 0.30 83.35 91.64 68.32 51.03 Argentina 26.05 60.80 0.00 40.00 45.00 9.60 32.25 Brazil 15.95 96.20 0.28 39.50 42.60 51.11 18.71 Paraguay 0.07 8.10 0.01 3.65 3.75 4.38 0.06 Major Importers 4/ 15.51 15.45 104.07 98.10 115.76 0.33 18.94 China 14.43 12.35 77.00 74.20 86.05 0.18 17.55 European Union 0.25 1.69 13.55 14.00 14.82 0.12 0.54 Japan 0.23 0.23 2.95 2.12 3.19 0.00 0.21 Mexico 0.12 0.36 4.03 4.28 4.32 0.00 0.18 2015/16 Proj. Beginnin g Stock s Productio n Import s Domesti c Crus hDomesti c TotalExport s Endin g Stock s World 2/ Sep 78.73 319.61 123.22 271.79 310.10 126.48 84.98 Oct 77.97 320.49 123.92 272.39 310.47 126.77 85.14 United States Sep 5.71 107.10 0.82 50.89 54.43 46.95 12.26 Oct 5.21 105.81 0.82 51.17 54.69 45.59 11.56 Total Foreign Sep 73.01 212.51 122.40 220.90 255.67 79.53 72.72 Oct 72.76 214.69 123.10 221.23 255.78 81.18 73.59 Major Exporters 3/ Sep 51.05 166.30 0.27 85.35 93.86 72.08 51.69 Oct 51.03 169.30 0.27 85.35 93.86 74.03 52.72 Argentina Sep 32.78 57.00 0.00 41.50 46.60 9.75 33.43 Oct 32.25 57.00 0.00 41.50 46.60 9.75 32.90 Brazil Sep 18.17 97.00 0.25 39.55 42.77 54.50 18.15 Oct 18.71 100.00 0.25 39.55 42.77 56.45 19.74 Paraguay Sep 0.08 8.80 0.01 4.10 4.20 4.60 0.09 Oct 0.06 8.80 0.01 4.10 4.20 4.60 0.06 Major Importers 4/ Sep 18.96 14.86 106.15 103.86 122.05 0.33 17.59 Oct 18.94 14.93 106.45 104.24 122.42 0.33 17.56 China Sep 17.55 11.50 79.00 79.50 91.70 0.20 16.15 Oct 17.55 11.50 79.00 79.50 91.70 0.20 16.15 European Union Sep 0.54 1.95 13.50 14.50 15.33 0.10 0.56 Oct 0.54 2.03 13.60 14.70 15.53 0.10 0.54 Japan Sep 0.23 0.22 2.85 1.97 3.05 0.00 0.25 Oct 0.21 0.22 2.90 2.02 3.10 0.00 0.23 Mexico Sep 0.18 0.36 4.05 4.35 4.39 0.00 0.20 Oct 0.18 0.36 4.05 4.35 4.39 0.00 0.20 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October-September year. 2/ World i mports and exports may not balance due to differences in local marke ting years and to time lags betw een reported exports and imports. Therefore, world supply may not equal world us e. 3/ Argentina, Br azil, Paraguay, and Uruguay. 4/ China, European Union, Japan , Mexico, and Southeast Asia (inc ludes Indonesia, Malaysia, Philip pines, Vietnam, and Thailand). October 2015 WASDE - 546 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 9.40 189.37 57.86 186.31 60.03 10.29 United States 0.25 36.91 0.35 26.81 10.47 0.23 Total Foreign 9.15 152.46 57.51 159.50 49.55 10.07 Major Exporters 3/ 6.70 63.07 0.03 20.80 41.66 7.34 Argentina 3.25 27.89 0.00 2.10 24.97 4.07 Brazil 3.10 28.54 0.03 14.65 13.95 3.07 India 0.35 6.64 0.01 4.05 2.74 0.20 Major Importers 4/ 1.00 14.55 33.88 47.72 0.36 1.35 European Union 0.12 10.61 18.18 28.44 0.30 0.17 Southeast Asia 5/ 0.79 2.44 13.72 15.90 0.06 1.00 2014/15 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 10.29 205.68 61.18 201.77 63.27 12.12 United States 0.23 41.02 0.30 29.30 11.98 0.27 Total Foreign 10.07 164.66 60.88 172.46 51.30 11.85 Major Exporters 3/ 7.34 67.05 0.03 22.24 43.49 8.69 Argentina 4.07 30.79 0.00 2.30 28.00 4.56 Brazil 3.07 30.58 0.02 15.25 14.39 4.03 India 0.20 5.68 0.01 4.69 1.10 0.10 Major Importers 4/ 1.35 15.42 36.38 51.25 0.43 1.46 European Union 0.17 11.06 19.65 30.24 0.36 0.28 Southeast Asia 5/ 1.00 2.76 15.03 17.68 0.07 1.03 2015/16 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Sep 11.67 214.22 64.14 212.70 66.23 11.08 Oct 12.12 214.63 63.98 213.17 65.84 11.72 United States Sep 0.27 40.30 0.30 30.03 10.57 0.27 Oct 0.27 40.48 0.30 30.21 10.57 0.27 Total Foreign Sep 11.40 173.91 63.84 182.68 55.66 10.81 Oct 11.85 174.14 63.69 182.96 55.27 11.44 Major Exporters 3/ Sep 8.10 70.07 0.03 23.16 47.43 7.62 Oct 8.69 69.75 0.03 23.12 47.10 8.25 Argentina Sep 4.14 32.18 0.00 2.50 30.20 3.62 Oct 4.56 32.18 0.00 2.50 30.20 4.04 Brazil Sep 3.64 30.61 0.03 15.40 15.20 3.68 Oct 4.03 30.61 0.02 15.40 15.20 4.06 India Sep 0.32 7.28 0.01 5.26 2.03 0.33 Oct 0.10 6.96 0.01 5.22 1.70 0.15 Major Importers 4/ Sep 1.61 15.76 38.65 54.04 0.48 1.50 Oct 1.46 16.03 38.40 53.95 0.48 1.47 European Union Sep 0.32 11.46 20.30 31.39 0.40 0.28 Oct 0.28 11.62 20.30 31.49 0.40 0.30 Southeast Asia 5/ Sep 1.13 2.80 16.50 19.32 0.08 1.04 Oct 1.03 2.89 16.25 19.10 0.08 0.99 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketi ng years and to time lags be tween reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Br azil, and India. 4/ European Union, Southeast Asia, and Japa n. 5/ Indonesia, Malaysia, Philippine s, Vietnam, and Thailand. October 2015 WASDE - 546 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 3.75 44.98 9.35 45.28 9.39 3.41 United States 0.77 9.13 0.08 8.60 0.85 0.53 Total Foreign 2.98 35.85 9.28 36.69 8.54 2.89 Major Exporters 3/ 0.86 16.41 0.33 10.40 6.24 0.96 Argentina 0.26 6.79 0.01 2.73 4.09 0.24 Brazil 0.40 7.07 0.00 5.71 1.38 0.39 European Union 0.20 2.55 0.33 1.97 0.77 0.34 Major Importers 4/ 1.41 14.22 4.59 18.68 0.22 1.32 China 1.02 12.34 1.35 13.66 0.09 0.96 India 0.25 1.48 1.83 3.30 0.00 0.26 North Africa 5/ 0.14 0.41 1.40 1.72 0.13 0.11 2014/15 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 3.41 48.57 10.10 47.81 10.84 3.43 United States 0.53 9.72 0.13 8.71 0.93 0.74 Total Foreign 2.89 38.85 9.98 39.10 9.91 2.70 Major Exporters 3/ 0.96 17.87 0.30 10.86 7.45 0.83 Argentina 0.24 7.63 0.03 2.65 4.93 0.32 Brazil 0.39 7.58 0.01 6.21 1.52 0.25 European Union 0.34 2.66 0.26 2.00 1.00 0.26 Major Importers 4/ 1.32 15.01 5.16 20.07 0.22 1.19 China 0.96 13.28 0.90 14.19 0.10 0.85 India 0.26 1.26 2.65 3.90 0.00 0.26 North Africa 5/ 0.11 0.47 1.61 1.98 0.12 0.09 2015/16 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Sep 3.51 50.70 10.25 49.98 11.02 3.46 Oct 3.43 50.80 10.37 50.00 11.08 3.52 United States Sep 0.71 9.80 0.09 8.89 0.91 0.81 Oct 0.74 9.86 0.10 8.87 0.91 0.92 Total Foreign Sep 2.80 40.89 10.16 41.09 10.11 2.65 Oct 2.70 40.94 10.27 41.13 10.17 2.60 Major Exporters 3/ Sep 0.87 18.21 0.17 10.96 7.49 0.79 Oct 0.83 18.25 0.18 10.94 7.54 0.77 Argentina Sep 0.21 7.86 0.02 2.66 5.20 0.23 Oct 0.32 7.86 0.02 2.66 5.20 0.33 Brazil Sep 0.30 7.59 0.00 6.23 1.39 0.27 Oct 0.25 7.59 0.01 6.28 1.39 0.19 European Union Sep 0.36 2.76 0.15 2.07 0.90 0.30 Oct 0.26 2.80 0.15 2.00 0.95 0.25 Major Importers 4/ Sep 1.25 16.34 5.38 21.65 0.22 1.10 Oct 1.19 16.27 5.43 21.62 0.22 1.05 China Sep 0.85 14.23 0.95 15.24 0.08 0.71 Oct 0.85 14.23 0.95 15.24 0.08 0.71 India Sep 0.32 1.63 2.80 4.45 0.00 0.30 Oct 0.26 1.54 2.85 4.40 0.00 0.25 North Africa 5/ Sep 0.09 0.48 1.63 1.96 0.14 0.09 Oct 0.09 0.50 1.63 1.99 0.14 0.09 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketi ng years and to time lags be tween reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Brazil an d European Union. 4/ Chin a, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. October 2015 WASDE - 546 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef PorkRed Mea t 2/Broile r Turkey Total Poultry 3 /Red Meat & PoultryEgg Milk Million Pounds Mil doz Bil lbs 2014 IV 6,021 6,131 12,212 9,814 1,517 11,459 23,671 2,139 51.0 Annual 24,252 22,843 47,345 38,550 5, 756 44,827 92,171 8,335 206.0 2015 I 5,664 6,161 11,883 9,717 1,429 11,273 23,156 2,059 51.9 II 5,855 5,925 11,839 10,020 1,389 11,541 23,380 1,968 53.7 III 6,100 5,950 12,106 10,275 1,325 11,730 23,836 1,910 51.7 IV* 6,175 6,545 12,780 10,025 1,400 11,550 24,330 1,980 51.6 Annual Sep Proj. 23,549 24,526 48,307 40,012 5, 568 46,099 94,406 7,912 208.9 Oct Proj. 23,794 24,581 48,608 40,037 5, 543 46,094 94,702 7,917 208.9 2016 I* 5,940 6,150 12,146 9,925 1,350 11,400 23,546 1,975 53.3 II* 6,545 5,945 12,547 10,225 1,500 11,865 24,412 2,005 54.4 III* 6,330 6,175 12,561 10,475 1,550 12,165 24,726 2,049 52.7 Annual Sep Proj. 24,930 24,705 49,864 41,100 6, 010 47,650 97,514 8,141 213.0 Oct Proj. 24,960 24,925 50,114 40,925 6, 010 47,475 97,589 8,141 213.0 * Projection. 1/ Commercial production for re d meats; federally inspected for poultry me ats. 2/ Beef, pork, veal and lamb & mut ton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/Barrows and gilts 3/Broilers 4/Turkeys 5/Eggs 6/Milk 7/ Dol./cw t Dol./cw t Cents/lb. Cents/lb. Cents/doz. Dol./cw t 2014 IV 165.60 66.74 102.8 113.9 162.7 22.77 Annual 154.56 76.03 104.9 107.6 142.3 23.97 2015 I 162.43 48.47 97.0 99.6 146.9 17.00 II 158.11 53.20 104.2 108.5 170.3 16.70 III 144.22 54.59 83.7 126.4 235.7 16.75-16.85 IV* 129-135 46-48 73-77 131-137 222-232 17.00-17.40 Annual Sep Proj. 152-155 50-51 92-93 115-117 199-202 16.80-17.00 Oct Proj. 149.19 50.82 90.0 117.1 195.0 16.90-17.00 2016 I* 131-141 47-51 81-87 111-119 188-202 16.00-16.70 II* 138-150 50-54 83-89 112-122 168-182 15.45-16.45 III* 137-149 50-54 87-95 106-114 149-161 16.05-17.05 Annual Sep Proj. 147-159 46-49 90-98 110-119 164-178 16.10-17.10 Oct Proj. 136-147 47-50 84-91 110-119 164-178 16.05-16.95 *Projection. 1/ Simple average of months. 2/ 5-Area, Direct, To tal all grades 3/ National Base, Live equiv 51-52% lean. 4/ Whol esale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, Ne w York, volume buyers. 7/ Prices received by farmers for all milk. October 2015 WASDE - 546 - 32 U.S. Meats Supply and Use Item Beginning stocksProduction 1/ ImportsTotal Supply ExportsEnding Stocks Total UsePer Capita 2/ 3/ Million Pounds /4 Beef 2014 584 24,320 2,947 27,850 2,573 591 24,687 54.1 2015 Proj. Sep 591 23,614 3,437 27,642 2,307 560 24,775 53.9 Oct 591 23,859 3,437 27,887 2,282 560 25,045 54.5 2016 Proj. Sep 560 24,994 3,045 28,599 2,485 560 25,554 55.2 Oct 560 25,024 3,045 28,629 2,425 560 25,644 55.4 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2014 618 22,861 1,008 24,486 4,857 560 19,070 46.4 2015 Proj. Sep 560 24,544 1,097 26,201 4,999 650 20,552 49.6 Oct 560 24,599 1,107 26,266 4,999 675 20,592 49.7 2016 Proj. Sep 650 24,723 1,000 26,373 5,225 650 20,498 49.1 Oct 675 24,943 1,000 26,618 5,225 650 20,743 49.7 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2014 1,230 47,441 4,149 52,820 7,436 1,191 44,194 101.7 2015 Proj. Sep 1,191 48,400 4,725 54,317 7,311 1,248 45,757 104.7 Oct 1,191 48,701 4,743 54,636 7,286 1,281 46,068 105.4 2016 Proj. Sep 1,248 49,957 4,235 55,440 7,721 1,247 46,472 105.5 Oct 1,281 50,207 4,235 55,723 7,661 1,247 46,815 106.3 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2014 669 38,137 117 38,923 7,301 680 30,942 83.3 2015 Proj. Sep 680 39,584 120 40,384 6,718 765 32,902 87.9 Oct 680 39,609 128 40,417 6,593 765 33,059 88.3 2016 Proj. Sep 765 40,660 116 41,541 7,150 685 33,706 89.4 Oct 765 40,487 116 41,368 7,100 685 33,583 89.1 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2014 237 5,756 29 6,022 805 193 5,023 15.7 2015 Proj. Sep 193 5,568 36 5,797 542 190 5,065 15.8 Oct 193 5,543 36 5,772 537 190 5,045 15.7 2016 Proj. Sep 190 6,010 28 6,228 740 250 5,238 16.2 Oct 190 6,010 36 6,236 740 250 5,246 16.2 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2014 912 44,414 148 45,474 8,216 877 36,381 100.3 2015 Proj. Sep 877 45,670 157 46,704 7,393 959 38,352 104.9 Oct 877 45,665 167 46,709 7,267 963 38,479 105.2 2016 Proj. Sep 959 47,210 146 48,315 8,022 939 39,354 106.8 Oct 963 47,037 154 48,154 7,976 939 39,239 106.5 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2014 2,142 91,855 4,297 98,294 15,652 2,067 80,574 202.0 2015 Proj. Sep 2,067 94,071 4,883 101,021 14,704 2,207 84,109 209.6 Oct 2,067 94,366 4,911 101,344 14,553 2,244 84,547 210.6 2016 Proj. Sep 2,207 97,167 4,381 103,755 15,743 2,186 85,826 212.3 Oct 2,244 97,243 4,389 103,876 15,637 2,186 86,053 212.8 1/ Total including farm production for red meats and, for pou ltry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis for red meat an d broilers; certified ready-to-cook weight for turkey. 3/ Population source: Dept. of Commerce, Census Bureau. 4/ Carcass weight for red meats and certified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. October 2015 WASDE - 546 - 33 U.S. Egg Supply and Use Commodity 2013 2014 2015 Proj. 2015 Proj. 2016 Proj. 2016 Proj. Sep Oct Sep Oct Eggs Million Dozen Supply Beginning Stocks 20.8 23.0 23.3 23.3 18.0 21.0 Production 8,144.6 8,334.8 7,912.0 7,917.0 8,141.0 8,141.0 Imports 16.9 34.7 45.8 64.8 48.0 48.0 Total Supply 8,182.3 8,392.4 7,981.1 8,005.1 8,207.0 8,210.0 Use Exports 371.8 393.8 316.7 321.7 350.0 350.0 Hatching Use 964.8 980.7 1,004.3 1,004.3 1,020.0 1,020.0 Ending Stocks 23.0 23.3 18.0 21.0 20.0 21.0 Disappearance Total 6,822.6 6,994.6 6,642.1 6,658.1 6,817.0 6,819.0 Per Capita (number) 258.4 263.0 247.9 248.5 252.6 252.6 Total U.S. Milk Supply and Use Commodity 2013 2014 2015 Proj. 2015 Proj. 2016 Proj. 2016 Proj. Sep Oct Sep Oct Milk Billion Pounds Production 201.2 206.0 208.9 208.9 213.0 213.0 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 12.2 11.2 11.2 11.2 12.1 12.2 Marketings 200.3 205.1 207.9 207.9 212.1 212.1 Imports 3.7 4.3 5.9 6.0 5.7 5.9 Total Cml. Supply 216.2 220.6 225.0 225.1 229.9 230.1 Fat Basis Use Commercial Exports 12.4 12.4 9.1 9.0 10.0 10.0 Ending Commercial Stocks 11.2 11.2 12.1 12.2 12.1 12.1 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 192.6 196.9 203.8 204.0 207.8 208.0 Skim-solid Basis Supply Beg. Commercial Stocks 12.4 11.7 13.1 13.1 13.2 13.4 Marketings 200.3 205.1 207.9 207.9 212.1 212.1 Imports 5.3 5.6 6.6 6.4 6.4 6.3 Total Cml. Supply 217.9 222.4 227.7 227.4 231.6 231.8 Skim-solid Basis Use Commercial Exports 38.6 39.1 38.6 38.3 39.5 39.5 Ending Commercial Stocks 11.7 13.1 13.2 13.4 13.5 13.5 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 167.7 170.2 175.9 175.7 178.6 178.8 Total Note: Totals may not add due to rounding. October 2015 WASDE - 546 - 34 U.S. Dairy Prices Commodity 2013 2014 2015 Proj. 2015 Proj. 2016 Proj. 2016 Proj. Sep Oct Sep Oct Product Prices 1/ Dollars Pe r Pound Cheese 1.7683 2.1551 1.645- 1.6651.665- 1.6751.590- 1.690 1.600- 1.690 Butter 1.5451 2.1361 1.915- 1.9551.920- 1.9501.785- 1.915 1.840- 1.960 Nonfat Dry Milk 1.7066 1.7682 0.880- 0.9000.910- 0.9300.950- 1.020 0.960- 1.030 Dry Whey 0.5902 0.6538 0.380- 0.4000.375- 0.3850.345- 0.375 0.280- 0.310 Filler Dollars Pe r Cwt Milk Prices 2/ Class III 17.99 22.34 15.80- 16.0015.90- 16.0015.00- 16.00 14.75- 15.65 Class IV 19.05 22.09 13.55- 13.8513.85- 14.0513.60- 14.70 13.95- 14.95 All Milk 3/ 20.05 23.97 16.80- 17.0016.90- 17.0016.10- 17.10 16.05- 16.95 1/ Simple average of monthly prices calculated by AMS from weekly averag e dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test . 3/ Does not reflect any deductions from producers as authori zed by legislation. October 2015 WASDE - 546 - 35 Reliability of October Projections 1/ Note: Tables on pages 35-37 present a record of the October projection and the final Estimate. Using world wheat production as a n example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimat e by more than 1.7 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 2.9 percent. Th e average difference between the October pr ojection and the final estimate is 7.6 mil lion tons, ranging from 1.2 million to 26.7 million tons. The October projection has been below the estimate 24 times and above 9 times . Differences between forecast and final estimate 90 percen t Years Commodity and Region Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final WHEAT Percen t Million Metric Tons Production Worl d 1.7 2.9 7.6 1.2 26.7 24 9 U.S. 0.5 0.8 0.2 0.0 1.2 12 16 Forei gn 2.0 3.4 7.7 1.4 26.8 24 9 Exports Worl d 5.8 9.8 5.8 0.0 19.3 25 7 U.S. 8.3 14.1 2.3 0.3 10.0 15 18 Forei gn 6.9 11.7 5.3 0.5 17.3 27 6 Domestic Use Worl d 1.5 2.6 6.6 0.5 22.7 19 14 U.S. 6.0 10.1 1.6 0.1 3.6 10 23 Forei gn 1.6 2.7 6.5 0.2 20.3 20 13 Endin g Stocks Worl d 8.3 14.1 9.8 0.6 32.5 25 8 U.S. 11.7 19.9 2.1 0.0 6.8 18 15 Forei gn 8.8 15.0 8.4 0.0 29.3 25 8 COARSE GRAINS 2/ Production Worl d 1.8 3.1 13.8 0.8 33.7 27 6 U.S. 2.8 4.7 4.5 0.1 17.9 19 14 Forei gn 2.3 3.8 12.6 0.6 30.0 28 5 Exports Worl d 7.5 12.7 7.1 0.1 28.9 23 10 U.S. 15.9 26.9 6.9 1.2 19.3 15 18 Forei gn 13.3 22.5 6.7 0.6 21.4 22 11 Domestic Use Worl d 1.5 2.5 11.0 0.2 24.9 21 12 U.S. 3.8 6.4 5.9 0.0 17.0 17 16 Forei gn 1.6 2.7 9.1 0.0 23.7 22 11 Endin g Stocks Worl d 11.9 20.2 14.6 0.2 41.2 26 7 U.S. 23.0 39.0 9.0 0.5 29.1 17 16 Forei gn 15.2 25.8 12.6 0.7 44.4 28 5 RICE , milled Production Worl d 2.4 4.0 6.4 0.0 20.9 26 6 U.S. 3.3 5.6 0.1 0.0 0.5 19 14 Forei gn 2.4 4.1 6.4 0.1 21.0 26 7 Exports Worl d 9.5 16.1 1.5 0.1 6.3 25 8 U.S. 10.1 17.1 0.2 0.0 0.8 17 14 Forei gn 10.9 18.5 1.5 0.0 6.3 25 8 Domestic Use Worl d 1.9 3.2 4.2 0.3 20.3 26 7 U.S. 7.4 12.6 0.2 0.0 0.6 16 16 Forei gn 1.9 3.2 4.2 0.1 20.7 26 7 Endin g Stocks Worl d 11.2 19.1 4.8 0.2 16.3 26 7 U.S. 24.1 41.0 0.2 0.0 0.8 17 15 Forei gn 11.9 20.2 4.9 0.6 15.9 26 7 1/ Footnotes at end of table. CONTINUED October 2015 WASDE - 546 - 36 Reliability of October Projections (Continued) 1/ Differences between forecast and final estimate 90 percen t Years Commodity and Region Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final SOYBEANS Percent Million Metric Tons Production World 4.5 7.7 6.2 0.1 28.7 18 15 U.S. 3.0 5.0 1.5 0.0 3.8 14 19 Foreign 7.4 12.5 6.2 0.0 28.1 17 16 Exports World 7.8 13.3 3.4 0.3 13.0 20 13 U.S. 11.4 19.4 2.4 0.1 7.5 21 12 Foreign 18.9 32.1 2.8 0.1 11.4 15 18 Domestic Use World 3.2 5.5 4.3 0.0 14.0 20 13 U.S. 3.9 6.7 1.4 0.0 4.5 22 11 Foreign 4.0 6.7 3.9 0.1 11.0 21 12 Ending Stocks World 18.0 30.6 4.6 0.3 15.0 19 14 U.S. 41.2 69.9 2.1 0.0 6.6 6 27 Foreign 19.9 33.7 4.1 0.3 12.0 19 14 COTTON Million 480-Pound Bales Production World 4.3 7.2 2.6 0.0 10.6 18 14 U.S. 4.5 7.7 0.6 0.0 1.7 21 12 Foreign 5.0 8.4 2.5 0.0 10.4 17 15 Exports World 7.9 13.5 2.0 0.1 8.5 19 14 U.S. 18.3 31.0 1.1 0.1 3.1 20 13 Foreign 10.9 18.6 1.6 0.1 8.3 16 17 Domestic Use World 3.9 6.6 2.9 0.1 11.7 15 18 U.S. 7.7 13.1 0.4 0.0 1.2 18 14 Foreign 4.0 6.8 2.8 0.0 10.9 15 18 Ending Stocks World 13.8 23.5 4.7 0.0 15.1 20 12 U.S. 32.3 54.8 1.2 0.0 4.3 9 23 Foreign 14.9 25.3 4.3 0.2 15.6 24 9 1/ Marketing years 1981/82 through 2014/15 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2013/14, and for 2014/15 last month's estimate. 2/ Includes corn, sorghum , barley, oats, rye, millet, and mixed grain. October 2015 WASDE - 546 - 37 Reliability of United States October Projections 1/ Differences between forecast and final estimate 90 percen t Years Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final CORN Percent Million Bushels Production 2.9 5.0 178 5 618 18 15 Exports 16.4 27.8 244 12 700 14 19 Domestic Use 4.1 7.0 230 14 558 20 13 Ending Stocks 25.9 44.0 332 18 1,187 17 16 SORGHUM Production 5 . 0 8 . 52 0 17 11 91 4 Exports 22.6 38.3 38 1 130 20 13 Domestic Use 17.6 29.9 35 0 114 15 17 Ending Stocks 49.4 83.8 31 0 142 11 21 BARLEY Production 1.6 2.6 4 0 24 9 15 Exports 49.5 84.0 12 0 38 15 15 Domestic Use 7.3 12.4 19 0 70 12 20 Ending Stocks 13.7 23.2 14 1 56 21 12 OATS Production 2.7 4.5 2 0 18 6 11 Exports 9 6 . 6 1 6 4 . 01088 1 2 Domestic Use 4 . 9 8 . 31 1 03 91 31 9 Ending Stocks 24.0 40.7 16 1 47 23 10 SOYBEAN MEAL Thousand Short Tons Production 3.7 6.2 1,075 123 2,815 23 10 Exports 12.1 20.6 755 0 2,100 18 14 Domestic Use 3.6 6.2 787 45 2,650 18 15 Ending Stocks 34.2 58.0 51 0 198 12 15 SOYBEAN OIL Million Pounds Production 3.9 6.6 508 1 1,473 24 9 Exports 31.2 52.9 380 25 1,525 18 15 Domestic Use 4.0 6.8 428 20 1,928 22 11 Ending Stocks 27.2 46.1 407 35 1,327 16 17 ANIMAL PROD. 3/ Million Pounds Beef 4.1 6.9 823 171 2,461 22 10 Pork 3.4 5.7 439 2 1,592 19 13 Broilers 2.0 3.3 453 49 1,337 20 12 Turkeys 3.8 6.5 142 2 444 18 14 Million Dozen Eggs 1.8 3.0 94 4 468 20 12 Billion Pounds Milk 1.6 2.7 1.9 0.0 6.8 18 13 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2014/15 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2013/14, and for 2014/15 last month's estimate. Calendar years 1983 through 2014 for meats, eggs, and milk. Final for animal products is defined as the la test annual production estimate published by NASS for 1983-2014. WASDE-546-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oc e/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Produc tion, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 19 0 countries and regions at http://www.fas.usda.gov/psd/online . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric-Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 . UNITED STATES DEPARTMENT OF AGRICULTURE WORLD AGRICULTURAL OUTLOOK BOARD WASHINGTON, D.C. 20250-3812 ___________________ OFFICIAL BUSINESS Penalty for Private Use, $300 FIRST-CL ASS MAIL POSTAGE & FEES PAID USDA PERMIT NO. G-289 World Agricultural Suppl y and Demand Estimates WASDE-546 – October 9, 2015 Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e-mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu . Select the “Reports by E-Mail” bar to sign up. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250-9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554-9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 543 Approved by the World Agricultural Outlook Board July 10, 2015 NOTE: This report adopts U.S. area, yield, and production forecasts for winter wheat, durum, other spring wheat, barley, and oats released today by the National Agricultural Statistics Service (NASS). For rice, corn, sorghum, soybeans, and cotton, area estimates reflect the June 30 NASS Acreage report, and methods used to project production are noted on each table. The first survey -based 2015 production forecasts for those crops will be reported by NASS on August 12. WHEAT: Projected U.S. wheat supplies for 2015/16 are raised 58 million bushels this month on larger beginning stocks and production. A 10-million-bushel decrease in imports is partially offsetting. Production is raised on increased spring wheat production that more than offsets decreases for Hard Red Winter, Soft Red Winter, and White Wheat. Overall yields for spring wheat are forecast above average. Feed and residual use for all wheat in 2015/16 is raised 5 million bushels to 200 million on the larger crop. All wheat exports for 2015/16 are raised 25 million bushels to 950 million on increased U.S. supplies and reduced wheat production in Canada. These exports would be up 11 percent from the low level of 2014/15, but still well below the 5-year average. Ending stocks are raised 28 million bushels to 842 million, the largest since the 2010/11. Despite higher stocks, the season-average price is raised 35 cents to $4.75 to $5.75 per bushel on recently higher cash and futures prices and the rising outlook for corn prices, particularly in the summer months when a majority of this year’s wheat crop will be marketed. Global wheat supplies for 2015/16 are raised 12.1 million tons primarily on increased beginning stocks. China beginning stocks are raised 11.4 million tons on reductions to feed and residual use. China wheat feeding fell substantially starting with the 2013/14 market year as wheat prices became uncompetitive with corn. Partly offsetting is a 2.0-million-ton decrease for 2015/16 Australia beginning stocks mostly on a 1.6-million-ton revision to 2013/14 production as reported by the Australian Bureau of Statistics. Foreign 2015/16 production is lowered slightly as increased production in the Black Sea region is more than offset by reductions for EU and Canada. Total world production is raised to 722.0 million tons; down from last year’s record but still the second largest. Global wheat consumption for 2015/16 is lowered 5.4 million tons primarily on the reduced feed and residual use for China. Canada and EU wheat feed and residual use are reduced 0.7 and 0.5 million tons, respectively. Partly offsetting is a 1.4-million- ton increase in India food use. Global wheat exports are lowered 0.3 million tons to 158.1 million, down nearly 4 percent from the previous year. The largest import reduction is for Iran, which is lowered 1.0 million tons on large supplies. EU imports are raised 1.0 million tons with the smaller crop and more expec ted imports of feed-quality wheat from Ukraine. China imports are raised 0.8 million tons on increas ed purchases. Exports are raised 1.0 million tons each for Russia and Ukraine on larger crops and less competition from EU. The largest exporter reductions are 1.5 million tons for EU and 1.0 million tons for Canada, both on smaller crops. Global ending stocks for 2015/16 are raised 17.4 million tons to a record 219.8 million tons, mostly reflecting the 17.2-million-ton increase in China. COARSE GRAINS: Projected 2015/16 U.S. feed grain supplies are lowered this month with reductions in corn beginning stocks and production. Corn beginning stocks for 2015/16 are down 97 million bushels as increases in 2014/15 feed and residual use, use in ethanol production, and exports more than offset a small increase in imports. Corn production for 2015/16 is projected down 100 million WASDE-543-2 bushels reflecting the lower planted and harvested areas from the June 30 Acreage . Sorghum, barley, and oats production are forecast higher based on the higher areas reported for all three crops and higher yields for barley and oats in today’s Crop Production . Projected 2015/16 U.S. corn use is lowered with reductions for feed and residual use and exports more than offsetting higher expected corn use in ethanol production. Projected feed and residual use is reduced 25 million bushels with lower production, higher expected supplies of distillers’ grains, and the higher price outlook. Exports are lowered 25 milli on bushels with increased competition expected from larger supplies in Brazil. Use for ethanol is raised 25 million bushels with higher forecasts for 2015 and 2016 gasoline consumption in the latest outlook from the Energy Information Administration. The higher gasoline consumption outlook also boosts expected 2014/15 corn use for ethanol by 25 million bushels. This month’s higher projections for 2014/15 corn feed and residual use and exports reflect the latest indications of disappearance from the June 1 stocks estimate and reported export shipments and sales to date. Other important 2015/16 feed grain changes include higher projected sorghum use, particularly for exports, and higher projected feed and residual use for sorghum and barley. Ending stocks for sorghum, barley, and oats are all projected higher reflecting larger crops and supplies this month. Corn ending stocks for 2015/16 are projected 172 million bushels lower. Projected season-average prices received by producers for 2015/16 are higher for all the feed grains with corn up 25 cents to $3.45 to $4.05 per bushel. This is up 5 cents per bushel, at the midpoint, from this month’s higher forecast for 2014/15. At $3.60 to $3.80 per bushel, the 2014/15 corn price range is raised 5 cents on both ends. Global coarse grain supplies for 2015/16 are projected down 4.3 million tons with much of the reduction from lower corn beginning stocks in the United States. Foreign coarse grain beginning stocks are also lower with Brazil corn stocks down 1.5 million tons. Brazil corn exports for 2014/15 are increased, outpacing this month’s increase in 2014/15 production. Globally, corn production for 2015/16 is lowered 2.2 million tons with reductions in the United States and EU only partly offset by increases for Brazil and China. EU corn production is lowered 2.4 million tons as recent excessive heat and developing dryness across major growing areas reduces yield prospects. Corn production is lowered 0.3 million tons for neighboring Serbia where heat and dryness are also concerns. Brazil corn production is raised 2.0 million tons for 2015/16 with higher expected area for the crop that will be planted in the coming months. China corn production is raised 1.0 million tons also on higher area. Global barley and oats production for 2015/16 are lowered with reductions for EU and Canada. Global 2015/16 coarse grain consumption is raised 0.9 million tons, partly reflecting higher expected sorghum feeding and imports for China with the larger U.S. crop. Corn feeding is raised for EU supported by larger imports as domestic grain supp lies decline. World barley consumption is lowered with reductions for EU, Australia, and Canada on tighter global supplies. Brazil corn exports are raised for 2014/15 and 2015/16, up 2.5 million tons and 1.0 million tons, respectively. EU corn imports are raised in both years. Global 2015/16 corn ending stocks are projected 5.2 million tons lower mostly on the reduction expected for the United States. Corn ending stocks are also expected lower for EU and Brazil. RICE: U.S. 2015/16 all rice supplies are lowered 11.0 million cwt to 278.4 million due to a production decrease. Supplies of long-grain rice are lowered 12.5 million, but medium- and short-grain rice supplies are raised 1.5 million. All rice production is lowered 12.0 million cwt to 207.0 million due mostly to a decrease in area with long-grain production reduced 9.5 million and medium- and short-grain rice lowered 2.5 million. All rice planted area, as reported in Acreage is estimated at 2.77 million acres, with long-grain at 2.07 million, and medium- and short-grain area at 0.69 million. Beginning stocks for 2015/16 are raised 1.0 million cwt to 46.4 million due to revisions made to 2014/15 all rice and rice-by-class supply and use. All rice average yield is estimated at 7,544 pounds per acre. All rice WASDE-543-3 total use is lowered 1.0 million cwt to 240.0 million cwt, with domestic and residual use lowered 1.0 million cwt to 130.0 million, and exports unchanged at 110. 0 million cwt. Ending stocks are projected at 38.4 million cwt, down 10.0 million. U.S. 2014/15 all rice exports are lowered 1.0 m illion cwt, raising ending stocks by the same amount. Long-grain domestic and residual use and exports are raised; ending stocks lowered; and the season-average price increased. Medium-and short-grai n domestic and residual use and exports lowered; ending stocks raised and the average price unchanged. June 1 Rice Stocks implied shifts in the rice- by-class domestic and residual use estimates. Rice-by-class export estimates are based on U.S. Census Bureau trade data through May and the latest export sales data. U.S. long-grain 2015/16 rice season-average price is projected at $10.90 to $11.90 per cwt, up 90 cents per cwt on each end of the range. Medium- and short-grain price is unchanged at $17.80 to $18.80 per cwt. All rice price is projected at $13.00 to $14.00 per cwt, up 70 cents on each end of the range. California medium- and short-grain price r ange is raised 50 cents. Other States medium-and short-grain price midpoint is lowered 20 cents per cwt. Reduced global 2015/16 rice production leads to lower ending stocks. World rice production is projected at 480.3 million tons, still a record, down 1. 4 million from last month, but up 4.0 million from last year. Rice crops are lowered for Australia, Madagascar, North Korea, Thailand, and the United States. Dry conditions in principal rice growing areas of Thailand led to a 4-percent cut in production to 19.0 million tons, still slightly above 2014/15. North Korea’s crop is lowered 6 percent to 1.6 million tons due to dry conditions in the main rice producing region. Australia’s rice crop is lowered due to falling reservoir levels and a drop in expected planted area. Global consumption and trade are lowered. Thailand’s export projection is reduced 0.8 million tons to 10.2 million because of tighter supplies. Conversely, export projections are ra ised for Burma, Pakistan, and Vietnam. Global ending stocks are projected at 90.5 million tons, down 0.9 million, the lowest since 2007/08. The global stocks-to-use ratio at 18.5 percent is the lowest since 2006/07. Ending stocks are lowered for Pakistan, Philippines, Thailand, Vietnam, and the United States. OILSEEDS: U.S. oilseed production for 2015/16 is projected at 115.1 million tons, up 1.0 million tons mainly on higher soybean production. Soybean production is projected at 3,885 million bushels, up 35 million due to increased harvested area. Harvested area, forecast at 84.4 million acres in the Acreage report, is 0.7 million above the June forecast. The soybean yield is projected at 46.0 bushels per acre, unchanged from last month. Despite increased production, soybean supplies are reduced 40 million bushels on account of lower beginning stocks. Soybean crush is projected at 1,840 million bushels, up 10 million reflecting increased domestic soybean m eal disappearance in line with adjustments for 2014/15. Soybean ending stocks are projected at 425 million bushels, down 50 million. U.S. soybean crush for 2014/15 is raised 15 million bushels to 1,830 million on increased domestic soybean meal use. Soybean exports are project ed at 1,825 million bushels, up 15 million reflecting shipments and outstanding sales through early July. Seed and residual use are each raised based on indications from the Acreage and Grain Stocks reports, respectively. Soybean ending stocks for 2014/15 are projected at 255 million bushels, down 75 million from last month. The U.S. season-average soybean price for 2015/16 is projected at $8.50 to $10.00 per bushel, up 25 cents on both ends of the range. Soybean meal prices are projected at $315 to $355 per short ton, up 10 dollars on both ends. The soybean oil price projection is unchanged at 30.5 to 33.5 cents per pound. Global oilseed production for 2015/16 is projected at 531.8 million tons, down fractionally from last month. Global soybean production is projected at 318.9 million tons, up 1.3 million mostly due to higher production in the United States and Bolivia. U.S. peanut production is raised 0.2 million tons on higher harvested area as reported in the Acreage report. Rapeseed production is reduced for Canada WASDE-543-4 with lower yields more than offsetting increased planted area reported by Statistics Canada. Rapeseed and sunflowerseed production are also reduced for EU on lower yields resulting from dry weather and above average temperatures that persisted thr ough early July. Other changes include reduced rapeseed production for China and Russia, and reduced soybean production for Turkey. Global oilseed ending stocks for 2015/16 are projected at 102.2 million tons, down 2.4 million mostly reflecting lower soybean stocks in the United States and reduced rapeseed stocks in Australia, Canada, and EU. South America soybean stock changes are mostly offsetting. SUGAR: U.S. sugar beginning stocks for 2015/16 are decreased by 77,955 short tons, raw value (STRV) due to changes made in the 2014/15 supply and use balances of less sugar imported from Mexico (100,000) but more specialty sugar imported (22,046) due to an increase in the refined sugar tariff rate quota (TRQ) on June 15. Changes made to 2014/15 beet sugar production and cane sugar production offset each other. Total 2015/16 sugar production is projected at 8.765 million STRV, an increase of 45,000 over last month. Cane sugar production is increased by 105,000 STRV to 3.785 million and beet sugar production is decreased by 60, 000 to 4.980 million. Both changes stem from changes in area harvested based on forecasts published in NASS’s Acreage report of June 30. Imports are forecast at 3.364 million STRV, an increase of 148,698. The Secretary of Agriculture established the raw and refined sugar TRQs last month on June 15. As expected, the raw sugar TRQ was established at the World Trade Organization (WTO) minimum access level and there was no change from last month in the forecast shortfall of 99,208 STRV. In addition to the refined sugar TRQ minimum access of 24,251, the Secretary announced additional refined sugar access of 121,254 STRV for specialty sugar. Imports from Mexico are forecast at 1.549 million STRV, 27,444 STRV higher than last month. Ending stocks are forecast at 1.648 million STRV, implying an ending stocks-to-use ratio of 13.5 percent. Mexico 2014/15 production is estimated 45,000 metric tons (MT) higher than last month at 5.985 million as the sugarcane harvest is nearly complete. Total exports for 2014/15 are reduced by 135,583 MT based on pace-to-date. Exports to the United States are estimated at 1.220 million MT (85,583 less) and exports to other countries are estimated at 150,000 MT (50,000 less). For 2015/16, exports to the United States are forecast at 1.325 million MT, an increase based on the changes made in the July sugar WASDE for the United States as per the CVD Suspension Agreement. LIVESTOCK, POULTRY, AND DAIRY: The forecasts for total meat production for 2015 and 2016 are raised from last month. Beef production for 2015 is lowered as fed cattle slaughter in the second quarter is reduced. In addition, relatively good forage conditions and higher feed prices are expected to slow the pace of placements until later in 2015, reducing available supplies of fed cattle for slaughter in late 2015. However, these large placements will lead to higher marketings and slaughter in 2016 and the beef production forecast is raised. The pork production forecast for 2015 is raised. Pig crop data in the Quarterly Hogs and Pigs report supported a higher third-quarter 2015 slaughter forecast. The 2016 forecast is raised slightly. Broiler production for 2015 and 2016 is raised based on hatchery data and continued increases in bird weights. Turkey production is reduced for 2015 based on hatchery data. Egg production for 2015 is reduced slightly as lower table egg production more than offsets an expected increase in hatching egg production. Forecasts for beef imports for 2015 and 2016 are raised as demand for processing grade beef remains strong; the export forecast is reduced slightly on trade data to date. Pork imports for 2015 and 2016 are reduced and the export forecasts are raised. Broiler exports for 2015 are raised on improved demand and large supplies; no change is made to 2016. Turkey exports are reduced for 2015 as supplies are tight; no change is made to 2016. Cattle prices for 2015 and 2016 are reduced from last month on weaker demand and larger supplies of competing meats. Hog prices are higher for 2015 and 2016 as both export and domestic demand has improved. Broiler prices are slightly lower for 2015 on weaker June prices but the forecast for 2016 is WASDE-543-5 unchanged. Turkey prices for 2015 and 2016 are raised on tighter supplies. Egg prices for 2015 are raised on tight supplies and prices to date but the forecast for 2016 is unchanged. The milk production forecast for 2015 is raised on a slightly more rapid increase in cow numbers and milk per cow. However, higher expected feed prices and weaker milk prices during late 2015 and 2016 are expected to temper the rate of growth in production and the 2016 production forecast is lowered. Fat basis exports are reduced as competition in world markets is expected to be strong in both 2015 and 2016 and domestic butter demand is expected to absorb much of the available supply. Skim-solids exports are raised from last month as weaker nonfat dry milk (NDM) prices allow the United States to remain competitive in export markets. Fat basis and skim-solids imports are raised for both 2015 and 2016 on expectations of abundant global supplies of dairy products and continued strength in U.S. domestic demand for butter and cheese. Cheese and butter prices for 2015 are raised from last month on continued domestic demand strength, but NDM and whey prices are forecast lower as the supplies of those products are abundant and prices decline to maintain competitiveness in export markets. For 2016, the cheese price is unchanged, but the butter price is raised on expectations of r obust domestic demand. NDM and whey prices are reduced as lower prices are expected to maintain export competitiveness. For 2015 and 2016 Class III prices are reduced on lower whey prices. Class IV prices for both years are reduced on lower NDM prices. The all milk price is forecast at $17.05 to $17.35 per cwt for 2015 and $17.00 to $18.00 per cwt for 2016. COTTON: The U.S. cotton projections for 2015/16 show marginally lower beginning and ending stocks. The production forecast of 14.5 million bales is unchanged from last month, as lower expected abandonment and slightly higher yields offset the reduced planted area indicated in the Acreage report. Domestic mill use and exports are both revised slightly, based on changes made in the 2014/15 balance sheet, which reflect recent activity. The 2015/16 projected ending stocks are 4.2 million bales, down 200,000 from last month and unchanged from the beginning level. The projected range for the marketing year average price received by producer s of 54 to 70 cents per pound is raised 4 cents on the lower end, with a midpoint of 62 cents. This month’s world cotton supply and demand estimates indicate lower consumption and higher ending stocks for both 2014/15 and 2015/16 relative to last month. China’s consumption is reduced sharply in both years due to continued strong competition from both polyester and imported cotton products. At the same time, 2015/16’s projected growth in world cotton consumption remains above 3 percent, as this month’s reductions in consumption by China, Brazil, Bangladesh, and Pakistan are partially offset by increases for India and Vietnam. World production is about unchanged, but world trade is raised, as lower imports by China, Pakistan, and Bangladesh are more than offset by an increase for Vietnam. Projected 2015/16 world ending stocks are raised by more than 2.0 million bales; however, with the expected China carryover 2.5 million bales above last month, stocks outside of China are projected lower. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Seth D. Meyer, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: ROBERT A. JOHANSSON SECRETARY OF AGRICULTURE DESIGNATE WASDE-543-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Jerry Norton, ICEC Chair, WAOB, E-mail : [email protected] Gary Vocke, ERS; Teresa McKeivier, FAS; Tom Tice, FSA. Rice: Andrew C. Aaronson, ICEC Chair, WAOB, E-mail : [email protected] Nathan Childs, ERS; Yoonhee Macke, FAS; Mark Simone, FSA. Feed Grains: Jerry Norton, IC EC Chair, WAOB, E-mail : [email protected] Thomas Capehart, ERS; Richard O’M eara, FAS; Pete Riley, FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail : [email protected] Mark Ash, ERS; Bill George , FAS; Phil Sronce, FSA. Cotton: Carol Skelly, ICEC Chair, WAOB, E-mail : [email protected] Darryl Earnest, AMS; Leslie Meyer, ERS; Ja mes Johnson, FAS; Scott Sanford, FSA. Sugar: Stephen Haley, ICEC Chair, WAOB, E-mail : [email protected] Michael McConnell, ERS; Ron Lord, FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Sherry Wise, AMS; Kenneth Mathews, ERS; Cla ire Mezoughem, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Larry Haller, AMS; David Harvey, ERS; Clair e Mezoughem, FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Uthra Raghunathan, AMS; Jerry Cessna, ERS; P aul Kiendl, FAS; Milton Madison, FSA. In 2015, the WASDE report will be released on Jan. 12, Feb. 10, Mar. 10, Apr. 9, May 12, Jun. 10, Jul. 10, Aug. 12, Sep. 11, Oct. 9, Nov. 10, Dec. 9. WASDE-543-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................... 1 Interagency Commodity Estimates Committees ..................................................... 6 World & U.S. Supply & Use for Grains ................................................................... 8 World & U.S. Supply & Use for Cotton ................................................................... 9 World & U.S. Supply & Use for Oilseeds ............................................................. 10 U.S. Wheat Supply & Use .................................................................................... 11 U.S. Wheat Supply & Use by Class ..................................................................... 11 U.S. Feed Grain & Corn Supply & Use ................................................................ 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13 U.S. Rice Supply & Use ....................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................ 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ............................................................................. 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use ................................................................................. 18 World Coarse Grains Supply & Use ..................................................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use..................................................................................... 24 World Cotton Supply & Use ................................................................................. 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ..................................................................... 29 World Soybean Oil Supply & Use ........................................................................ 30 U.S. Quarterly Animal Product Production ........................................................... 31 U.S. Quarterly Prices for Animal Products ........................................................... 31 U.S. Meats Supply and Use ................................................................................. 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use .................................................................................... 33 U.S. Dairy Prices ................................................................................................. 34 Reliability Tables ................................................................................................. 35 Related USDA Reports ........................................................................................ 38 Metric Conversion Factors ................................................................................... 38 Electronic Access and Subscriptions ....................................................................... 40 July 2015 WASDE - 543 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World OutputTotal SupplyTrade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2013/14 2474.27 2930.14 372.02 2417.87 512.27 2014/15 (Est.) 2492.63 3004.90 375.54 2464.63 540.27 filler filler filler filler filler 2015/16 (Proj.) Jun 2479.30 3010.96 360.65 2489.78 521.18 2015/16 (Proj.) Jul 2477.26 3017.53 362.61 2485.14 532.39 filler filler filler filler filler Wheat 2013/14 715.11 892.24 165.92 698.72 193.52 2014/15 (Est.) 725.92 919.44 163.94 707.38 212.06 filler filler filler filler filler 2015/16 (Proj.) Jun 721.55 921.96 158.41 719.56 202.40 2015/16 (Proj.) Jul 721.96 934.01 158.07 714.20 219.81 filler filler filler filler filler Coarse Grains 5/ 2013/14 1280.98 1449.07 164.39 1237.67 211.40 2014/15 (Est.) 1290.43 1501.83 168.58 1272.56 229.27 filler filler filler filler filler 2015/16 (Proj.) Jun 1276.00 1508.58 159.74 1281.23 227.35 2015/16 (Proj.) Jul 1274.97 1504.24 162.30 1282.17 222.07 filler filler filler filler filler Rice, milled 2013/14 478.18 588.83 41.72 481.48 107.36 2014/15 (Est.) 476.28 583.64 43.02 484.69 98.95 filler filler filler filler filler 2015/16 (Proj.) Jun 481.74 580.43 42.51 488.99 91.44 2015/16 (Proj.) Jul 480.34 579.28 42.24 488.78 90.51 filler filler filler filler filler United States OutputTotal Supply Trade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2013/14 431.31 484.09 89.42 343.27 51.40 2014/15 (Est.) 439.32 498.71 82.77 345.87 70.08 filler filler filler filler filler 2015/16 (Proj.) Jun 427.48 506.40 85.69 349.37 71.35 2015/16 (Proj.) Jul 427.50 504.95 87.13 349.73 68.09 filler filler filler filler filler Wheat 2013/14 58.11 82.23 32.01 34.15 16.07 2014/15 (Est.) 55.13 75.11 23.28 31.35 20.48 filler filler filler filler filler 2015/16 (Proj.) Jun 57.72 80.92 25.17 33.58 22.16 2015/16 (Proj.) Jul 58.46 82.48 25.86 33.72 22.90 filler filler filler filler filler Coarse Grains 5/ 2013/14 367.09 393.85 54.42 305.11 34.31 2014/15 (Est.) 377.12 414.73 56.23 310.39 48.11 filler filler filler filler filler 2015/16 (Proj.) Jun 362.81 416.29 57.03 311.61 47.65 2015/16 (Proj.) Jul 362.47 413.62 57.79 311.87 43.97 filler filler filler filler filler Rice, milled 2013/14 6.12 8.01 2.99 4.00 1.03 2014/15 (Est.) 7.07 8.87 3.26 4.13 1.48 filler filler filler filler filler 2015/16 (Proj.) Jun 6.95 9.20 3.49 4.17 1.54 2015/16 (Proj.) Jul 6.57 8.85 3.49 4.14 1.22 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is e qual to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley , oats, rye, millet, and mixed grains (for U.S. excludes mille t and mixed grains). July 2015 WASDE - 543 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ OutputTotal Supply Trade 2 /Total UseEnding Stocks Total Grains 4/ 2013/14 2,042.96 2,446.05 282.60 2,074.60 460.87 2014/15 (Est.) 2,053.31 2,506.19 292.77 2,118.76 470.20 filler filler filler filler filler 2015/16 (Proj.) Jun 2,051.82 2,504.55 274.96 2,140.41 449.84 2015/16 (Proj.) Jul 2,049.76 2,512.58 275.47 2,135.41 464.30 filler filler filler filler filler Wheat 2013/14 657.01 810.00 133.90 664.57 177.45 2014/15 (Est.) 670.79 844.33 140.66 676.03 191.57 filler filler filler filler filler 2015/16 (Proj.) Jun 663.84 841.04 133.23 685.97 180.24 2015/16 (Proj.) Jul 663.50 851.54 132.21 680.48 196.91 filler filler filler filler filler Coarse Grains 5/ 2013/14 913.89 1,055.22 109.97 932.56 177.08 2014/15 (Est.) 913.31 1,087.09 112.35 962.16 181.16 filler filler filler filler filler 2015/16 (Proj.) Jun 913.19 1,092.29 102.71 969.62 179.69 2015/16 (Proj.) Jul 912.50 1,090.61 104.51 970.30 178.10 filler filler filler filler filler Rice, milled 2013/14 472.06 580.83 38.73 477.48 106.33 2014/15 (Est.) 469.21 574.77 39.75 480.56 97.46 filler filler filler filler filler 2015/16 (Proj.) Jun 474.79 571.23 39.02 484.82 89.90 2015/16 (Proj.) Jul 473.77 570.43 38.75 484.64 89.29 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world mi nus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales OutputTotal Supply Trade 2 /Total Use 3 /Ending Stocks World 2013/14 120.48 211.24 40.08 108.96 102.80 2014/15 (Est.) 118.98 221.78 34.60 110.86 110.96 filler filler filler filler filler 2015/16 (Proj.) Jun 111.32 221.33 33.80 115.31 106.08 2015/16 (Proj.) Jul 111.46 222.43 34.05 114.44 108.14 filler filler filler filler filler United States 2013/14 12.91 16.72 10.53 3.55 2.45 2014/15 (Est.) 16.32 18.78 11.00 3.55 4.20 filler filler filler filler filler 2015/16 (Proj.) Jun 14.50 18.91 10.70 3.80 4.40 2015/16 (Proj.) Jul 14.50 18.71 10.80 3.75 4.20 filler filler filler filler filler Foreign 4/ 2013/14 107.57 194.52 29.55 105.41 100.35 2014/15 (Est.) 102.66 203.00 23.60 107.31 106.76 filler filler filler filler filler 2015/16 (Proj.) Jun 96.82 202.42 23.10 111.51 101.68 2015/16 (Proj.) Jul 96.96 203.72 23.25 110.69 103.94 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treat ment of export/import imbalances. * Planted area based on March 31 Prospective Plantings. Harvested area based on the previous 10-year average abandonment by region, with the Southwest estimated at 15 percent due to favorable moisture. Yield per harvested acre based on the previous 3-year average by region, with the Southwest adjusted to the 10-year average. July 2015 WASDE - 543 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World OutputTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2013/14 505.85 574.11 133.68 419.59 77.53 2014/15 (Est.) 535.89 613.42 138.93 435.63 95.08 filler filler filler filler filler 2015/16 (Proj.) Jun 531.86 629.06 140.62 444.43 104.59 2015/16 (Proj.) Jul 531.77 626.85 141.76 444.18 102.23 filler filler filler filler filler Oilmeals 2013/14 282.60 293.84 82.07 277.29 12.71 2014/15 (Est.) 296.42 309.13 84.55 290.49 14.50 filler filler filler filler filler 2015/16 (Proj.) Jun 303.56 318.41 89.15 299.50 14.46 2015/16 (Proj.) Jul 303.55 318.05 87.96 299.85 14.02 filler filler filler filler filler Vegetable Oils 2013/14 171.28 189.11 70.00 166.80 18.80 2014/15 (Est.) 175.48 194.28 71.14 174.06 17.13 filler filler filler filler filler 2015/16 (Proj.) Jun 181.51 198.67 73.31 180.20 15.78 2015/16 (Proj.) Jul 181.33 198.47 73.82 179.96 15.58 filler filler filler filler filler United States Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2013/14 99.02 107.95 45.79 51.47 3.95 2014/15 (Est.) 117.17 122.91 50.67 53.98 8.41 filler filler filler filler filler 2015/16 (Proj.) Jun 114.08 126.35 49.31 54.19 14.49 2015/16 (Proj.) Jul 115.05 125.30 49.31 54.39 13.28 filler filler filler filler filler Oilmeals 2013/14 39.39 43.46 10.78 32.39 0.29 2014/15 (Est.) 42.15 46.26 11.72 34.20 0.34 filler filler filler filler filler 2015/16 (Proj.) Jun 41.96 46.05 10.96 34.75 0.34 2015/16 (Proj.) Jul 42.18 46.27 10.96 34.98 0.34 filler filler filler filler filler Vegetable Oils 2013/14 10.43 15.60 1.12 13.51 0.98 2014/15 (Est.) 10.77 15.80 1.13 13.65 1.01 filler filler filler filler filler 2015/16 (Proj.) Jun 10.98 16.10 1.21 13.91 0.99 2015/16 (Proj.) Jul 11.00 16.15 1.19 13.88 1.08 filler filler filler filler filler Foreign 3/ OutputTotal Supply TradeTotal Use 2/Ending Stocks Oilseeds 2013/14 406.83 466.16 87.89 368.12 73.58 2014/15 (Est.) 418.72 490.51 88.26 381.65 86.67 filler filler filler filler filler 2015/16 (Proj.) Jun 417.78 502.71 91.31 390.24 90.10 2015/16 (Proj.) Jul 416.72 501.55 92.44 389.79 88.95 filler filler filler filler filler Oilmeals 2013/14 243.21 250.38 71.30 244.90 12.42 2014/15 (Est.) 254.27 262.87 72.83 256.29 14.17 filler filler filler filler filler 2015/16 (Proj.) Jun 261.60 272.36 78.19 264.75 14.12 2015/16 (Proj.) Jul 261.37 271.78 77.00 264.88 13.68 filler filler filler filler filler Vegetable Oils 2013/14 160.85 173.51 68.89 153.29 17.83 2014/15 (Est.) 164.71 178.48 70.01 160.41 16.12 filler filler filler filler filler 2015/16 (Proj.) Jun 170.53 182.56 72.10 166.30 14.78 2015/16 (Proj.) Jul 170.34 182.31 72.63 166.08 14.50 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. July 2015 WASDE - 543 - 11 U.S. Wheat Supply and Use 1/ 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Jun Jul Million Acres Area Planted 56.2 56.8 55.4 * 56.1 Area Harvested 45.3 46.4 48.0 * 48.5 Bushels Yield per Harvested Acre 47.1 43.7 44.2 * 44.3 Million Bushels Beginning Stocks 718 590 712 753 Production 2,135 2,026 2,121 2,148 Imports 169 144 140 130 Supply, Total 3,021 2,760 2,973 3,031 Food 955 960 967 967 Seed 77 81 72 72 Feed and Residual 223 111 195 200 Domestic, Total 1,255 1,152 1,234 1,239 Exports 1,176 855 925 950 Use, Total 2,431 2,007 2,159 2,189 Ending Stocks 590 753 814 842 Avg. Farm Price ($/bu) 2/ 6.87 5.99 4.40 - 5.40 4.75 - 5.75 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red WinterHard Red SpringSoft Red Winter White Durum Total Millio n Bushel s 2014/15 (Est.) Beginning Stocks 237 169 113 50 22 590 Production 738 556 455 224 53 2,026 Supply, Total 3/ 984 791 581 284 120 2,760 Domestic Use 421 307 295 71 58 1,152 Exports 270 271 133 146 36 855 Use, Total 691 578 428 217 94 2,007 Ending Stocks, Total 294 213 153 67 26 753 2015/16 (Proj.) Beginning Stocks 294 213 153 67 26 753 Production 866 573 393 239 76 2,148 Supply, Total 3/ 1,170 836 566 316 141 3,031 Domestic Use 511 287 256 107 78 1,239 Exports 295 325 135 155 40 950 Use, Total 806 612 391 262 118 2,189 Ending Stocks, Total Jul 364 224 175 54 23 842 Ending Stocks, Total Jun NA NA NA NA NA NA Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketi ng-year weighted average price received by farmers. 3/ Includes imports. * For June, plante d acres reported in the March 31, 2015, "Prospective Plantings." Winter wheat area harvested and yield reported in the June 10, 2015, "Crop Production." Area harvested and yield for other spring wheat and durum projected using 10-year harvested- to-planted ratios by state and 1985-2014 yield trends by state (except for Arizona, California, and Idaho durum). For July, area planted, area harvested, yield, and production as reported in the July 10, 2015, "Crop Production." July 2015 WASDE - 543 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Jun Jul Million Acres Area Planted 109.9 103.4 103.3 * 104.2 * Area Harvested 98.1 93.0 92.3 * 93.0 * Metric Tons Yield per Harvested Acre 3.74 4.05 3.93 3.89 Million Metric Tons Beginning Stocks 23.5 34.3 50.3 48.1 Production 366.9 376.9 362.6 362.3 Imports 3.0 3.1 2.9 2.8 Supply, Total 393.4 414.3 415.9 413.2 Feed and Residual 133.3 138.9 139.7 139.3 Food, Seed & Industrial 171.3 171.1 171.5 172.1 Domestic, Total 304.7 310.0 311.2 311.4 Exports 54.4 56.2 57.0 57.8 Use, Total 359.1 366.2 368.2 369.2 Ending Stocks 34.3 48.1 47.6 44.0 CORN 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. June July Million Acres Area Planted 95.4 90.6 89.2 * 88.9 * Area Harvested 87.5 83.1 81.7 * 81.1 * Bushels Yield per Harvested Acre 158.1 171.0 166.8 * 166.8 * Million Bushels Beginning Stocks 821 1,232 1,876 1,779 Production 13,829 14,216 13,630 13,530 Imports 36 27 25 25 Supply, Total 14,686 15,474 15,531 15,334 Feed and Residual 5,034 5,300 5,300 5,275 Food, Seed & Industrial 2/ 6,503 6,546 6,560 6,585 Ethanol & by-products 3/ 5,134 5,200 5,200 5,225 Domestic, Total 11,537 11,846 11,860 11,860 Exports 1,917 1,850 1,900 1,875 Use, Total 13,454 13,696 13,760 13,735 Ending Stocks 1,232 1,779 1,771 1,599 Avg. Farm Price ($/bu) 4/ 4.46 3.60 - 3.80 3.20 - 3.80 3.45 - 4.05 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data-p roducts/feed-grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn glut en feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. * For J une, planted acres reported in the March 31, 2015, "Prospective Plantings." For corn, harvested acres projected based on histor ical abandonment and use for silage. For July, corn planted and harvested area as reported in the June 30, 2015, "Acreage. " Projected corn yield based on a weather adjusted trend model and assumes normal July growing conditions. (For an e xplanation of the yield trend model see Westcott and Jewison, Weather Effects on Expected Corn and Soybean Yields , USDA-ERS, Feed Outlook No . (FDS-13G-01), July 2013, www.ers.usda.gov/publications/fds -feed-outlook/fds-13g-01.aspx.) July 2015 WASDE - 543 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Jun Jul Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 8.1 7.1 7.9 * 8.8 * Area Harvested (mil. acres) 6.6 6.4 6.7 * 7.8 * Yield (bushels/acre) 59.6 67.6 64.9 * 65.0 * Beginning Stocks 15 34 17 17 Production 392 433 435 505 Imports 0000 Supply, Total 408 467 452 522 Feed and Residual 92 85 85 90 Food, Seed & Industrial 70 15 15 15 Total Domestic 162 100 100 105 Exports 212 350 335 390 Use, Total 374 450 435 495 Ending Stocks 34 17 17 27 Avg. Farm Price ($/bu) 2/ 4.28 3.90 - 4.10 3.40 - 4.20 3.65 - 4.45 Filler Filler Filler Filler Filler BARLEY 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. June July Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.5 3.0 3.3 * 3.4 * Area Harvested (mil. acres) 3.0 2.4 2.8 * 2.9 * Yield (bushels/acre) 71.3 72.4 70.7 * 71.3 * Beginning Stocks 80 82 77 79 Production 217 177 198 208 Imports 19 24 25 25 Supply, Total 316 283 300 312 Feed and Residual 66 38 60 65 Food, Seed & Industrial 153 151 153 153 Total Domestic 219 190 213 218 Exports 14 14 10 10 Use, Total 234 204 223 228 Ending Stocks 82 79 77 84 Avg. Farm Price ($/bu) 2/ 6.06 5.30 4.10 - 4.90 4.20 - 5.00 Filler Filler Filler Filler Filler OATS 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. June July Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.0 2.7 2.9 * 3.1 * Area Harvested (mil. acres) 1.0 1.0 1.1 * 1.2 * Yield (bushels/acre) 64.1 67.7 65.5 * 68.6 * Beginning Stocks 36 25 40 54 Production 65 70 72 84 Imports 97 107 100 95 Supply, Total 198 202 212 232 Feed and Residual 99 69 95 95 Food, Seed & Industrial 73 77 77 77 Total Domestic 172 146 172 172 Exports 2222 Use, Total 173 148 174 174 Ending Stocks 25 54 38 58 Avg. Farm Price ($/bu) 2/ 3.75 3.21 2.00 - 2.60 2.10 - 2.70 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2 / Marketing-year weighted average price received by farmers. * For June--Planted acres reported in the Ma rch 31, 2015, "Prospective Pl antings." Harvested area - For sorghum, harvested acres are based on the 10-year Olympic average harvested-to-planted ratio, 2005-2014. For barley and oats, harvested acres are based on the 5-year average harvested-to- planted ratios, 2010-2014. Yield - For sorghum the projected yield is based on the average for 1990-2014 excluding years that are more than 1 standard deviation from the mean for the period. For barley and oats, projected yields are based on the 1990-2014 trends. Yields shown reflect pr oduction rounding. For July--Sorghum planted and harvested area as reported in the June 30, 2015, "Acreage." Sorghum yield based on the average for 1990-2014 exclud ing years that are more than 1 standard deviation from the mean for the period. Barley and oats area planted, area harvested, yield, and production as report ed in the July 10, 2015, "Crop Production." July 2015 WASDE - 543 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Jun Jul Million Acres Area Planted 2.49 2.94 2.92 * 2.77 * Area Harvested 2.47 2.92 2.90 * 2.74 * Filler Pounds Yield per Harvested Acre 7,694 7,572 7,562 * 7,544 * Million Hundredweight Beginning Stocks 2/ 36.4 31.8 45.4 46.4 Production 190.0 221.0 219.0 207.0 Imports 23.1 24.5 25.0 25.0 Supply, Total 249.5 277.4 289.4 278.4 Domestic & Residual 3/ 124.9 129.0 131.0 130.0 Exports, Total 4/ 92.7 102.0 110.0 110.0 Rough 28.6 35.0 36.0 35.0 Milled (rough equiv.) 64.1 67.0 74.0 75.0 Use, Total 217.6 231.0 241.0 240.0 Ending Stocks 31.8 46.4 48.4 38.4 Avg. Milling Yield (%) 5/ 71.00 70.50 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 16.30 13.40 12.30 - 13.30 13.00 - 14.00 Total LONG-GRAIN RICE 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. June July Harvested Acres (mil.) 1.77 2.19 Yield (pounds/acre) 7,464 7,408 Beginning Stocks 21.9 16.2 28.6 25.6 Production 131.9 162.4 162.0 152.5 Supply, Total 7/ 173.3 199.6 212.1 199.6 Domestic & Residual 3/ 95.3 100.0 101.0 100.0 Exports 8/ 61.8 74.0 76.0 76.0 Use, Total 157.1 174.0 177.0 176.0 Ending Stocks 16.2 25.6 35.1 23.6 Avg. Farm Price ($/cwt) 6/ 15.40 12.10 10.00 - 11.00 10.90 - 11.90 Filler Filler Filler Filler Filler MEDIUM & SHORT-GRAIN RICE 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. June July Harvested Acres (mil.) 0.70 0.73 Yield (pounds/acre) 8,270 8,068 Beginning Stocks 12.2 13.3 14.5 18.5 Production 58.1 58.7 57.0 54.5 Supply, Total 7/ 73.8 75.5 75.0 76.5 Domestic & Residual 3/ 29.6 29.0 30.0 30.0 Exports 8/ 30.9 28.0 34.0 34.0 Use, Total 60.5 57.0 64.0 64.0 Ending Stocks 13.3 18.5 11.0 12.5 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 19.20 18.00 17.80 - 18.80 17.80 - 18.80 California 10/ 20.70 20.50 20.00 - 21.00 20.50 - 21.50 Other States 1/ 15.70 14.80 14.50 - 15.50 14.30 - 15.30 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2013/14-2.1; 2014/15-2.3; 2015/16-2.3. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice expo rts. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. The 2013/14 and 2014/15 milling yield is based on the Farm Service Agency (FSA) warehouse stored loan data for long, medium, and short grain rice. The 2015/16 milling yield is calculated using the previous five-year Olympic average-- 2010/11-2014/15. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of ri ce are estimated. 9/ The medium/short-grain season-average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference betw een the August WASDE SAFP forecast and the final price has averaged $1.70 per cwt from 2008/09-2012/13, with a high of $3.50 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. * For June-- Planted acres reported in March 31, 2015 "Prospective Plantings". Harvested acres are estimated using the average harvested-to-plante d ratios by rice class, 2010-2014. For July-- Planted and harvested area reported in June 30, 2015 "Acreage" report. For June and July: projected yield is based on linear trend analys is by rice class for the period 1990/91 to 2014/15. July 2015 WASDE - 543 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Jun Jul Filler Filler Filler Filler Filler Million Acres Area Planted 76.8 83.7 84.6 * 85.1 ** Area Harvested 76.3 83.1 83.7 * 84.4 ** Filler Bushels Yield per Harvested Acre 44.0 47.8 46.0 * 46.0 ** Million Bushels Beginning Stocks 141 92 330 255 Production 3,358 3,969 3,850 3,885 Imports 72 30 30 30 Supply, Total 3,570 4,091 4,210 4,170 Crushings 1,734 1,830 1,830 1,840 Exports 1,647 1,825 1,775 1,775 Seed 97 99 92 92 Residual 08 23 83 8 Use, Total 3,478 3,836 3,734 3,744 Ending Stocks 92 255 475 425 Avg. Farm Price ($/bu) 2/ 13.00 10.05 8.25 - 9.75 8.50 - 10.00 Total SOYBEAN OIL 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. June July Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,705 1,165 1,225 1,395 Production 4/ 20,130 20,905 21,155 21,270 Imports 165 225 175 175 Supply, Total 22,000 22,295 22,555 22,840 Domestic Disappearance 18,958 19,000 19,200 19,300 Biodiesel 3/ 5,010 5,000 5,100 5,100 Food, Feed & other Industrial 13,949 14,000 14,100 14,200 Exports 1,877 1,900 2,000 2,000 Use, Total 20,835 20,900 21,200 21,300 Ending stocks 1,165 1,395 1,355 1,540 Avg. Price (c/lb) 2/ 38.23 33.00 30.50 - 33.50 30.50 - 33.50 Total SOYBEAN MEAL 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. June July Filler 1 2 3 4 Thousand Shor t Tons Beginning Stocks 275 250 300 300 Production 4/ 40,685 43,750 43,425 43,725 Imports 336 400 325 325 Supply, Total 41,296 44,400 44,050 44,350 Domestic Disappearance 29,496 31,500 32,000 32,300 Exports 11,550 12,600 11,750 11,750 Use, Total 41,046 44,100 43,750 44,050 Ending Stocks 250 300 300 300 Avg. Price ($/s.t.) 2/ 489.94 365.00 305.00 - 345.00 315.00 - 355.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average pri ce received by farmers; oil, simple average of crude soybean oil , Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made from methyl es ter as reported by the U.S. En ergy Information Administration. 4/ Based on an October year crush of 1,850 million bushels for 2014/15 and 1,840 million bus hels for 2015/16. *Planted acres are reported in the March 31, 2015, “Prospec tive Plantings.” Harvested acres are based on the 5- year average harvested-to-planted ratio. The projected yield is based on a weather adjusted tr end model and assumes normal sum mer weather. (See Westcott and Jewison, Weather Effects on Expected Corn and Soybean Yields, USDA-ERS, Feed Outlook No. (FDS-13G-01), July 2013, www.ers.usda.gov/publications/ fds-feed-outlook/fds-13g-01.aspx.) ** Planted and harvested acres are from the J une 30, 2015 "Acreage" report. The projected yield is based on a weather adjusted tr end model (Westcott and Jewison, 2013). July 2015 WASDE - 543 - 16 U.S. Sugar Supply and Use 1/ 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Jun Jul Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 2,158 1,810 1,807 1,729 Production 2/ 8,462 8,560 8,720 8,765 Beet Sugar 4,794 4,780 5,040 4,980 Cane Sugar 3,667 3,780 3,680 3,785 Florida 1,763 1,975 1,825 1,875 Hawaii 168 180 190 190 Louisiana 1,591 1,520 1,535 1,590 Texas 145 105 130 130 Imports 3,742 3,444 3,215 3,364 TRQ 3/ 1,302 1,608 1,369 1,491 Other Program 4/ 305 400 315 315 Other 5/ 2,135 1,436 1,531 1,559 Mexico 2,130 1,426 1,521 1,549 Total Supply 14,361 13,814 13,742 13,858 Exports 306 200 200 200 Deliveries 12,246 11,885 12,010 12,010 Food 6/ 11,819 11,750 11,875 11,875 Other 7/ 427 135 135 135 Miscellaneous 0000 Total Use 12,552 12,085 12,210 12,210 Ending Stocks 1,810 1,729 1,533 1,648 Stocks to Use Ratio 14.4 14.3 12.6 13.5 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD ). 2/ Production projections for 2014/15 and 2015/16 are based on Crop Production and processo r projections where appropriate. 3/ For 2015/16, WTO raw sugar TRQ shortfall (99). For 2014/15, WTO raw sugar TRQ shortfall (41). 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ For 2013/14, other high-tier (5 ) and other (0). For 2014/15, other high-tier (10) and other (0). For 2015/16, other high-tier (10) and other (0). 6/Co mbines SMD deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar-containing products for reexport, and for nonedible alcohol, feed, and ethanol. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2014/15 Est. Jun 831 5,940 155 4,574 1,506 847 2014/15 Est. Jul 831 5,985 155 4,574 1,370 1,027 2015/16 Proj. Jun 847 6,000 155 4,632 1,312 1,059 2015/16 Proj. Jul 1,027 6,000 155 4,632 1,335 1,216 1/ HFCS imports by Mexico (1,000 metric tons, dry basis): Oct-Sep 2013/14 = 913, Oct-May 2013/14 = 594, Oct-May 2014/15 = 624 . Footnote source: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes domestic consumption, Mexico's products export program (IMMEX), and any residual statistical discrepancies. IMMEX: 2014/15 (324 est), 2015/16 (324 proj). Statistical Adjustment: 2014/15 (0), 2015/16 (0). July 2015 WASDE - 543 - 17 U.S. Cotton Supply and Use 1/ 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Jun Jul Filler Filler Filler Filler Filler Area Million Acres Planted 10.41 11.04 9.55 * 9.00 ** Harvested 7.54 9.35 8.60 * 8.50 ** Filler Pounds Yield per Harvested Acre 821 838 809 * 819 ** Million 480 Pound Bales Beginning Stocks 3.80 2.45 4.40 4.20 Production 12.91 16.32 14.50 14.50 Imports 0.01 0.01 0.01 0.01 Supply, Total 16.72 18.78 18.91 18.71 Domestic Use 3.55 3.55 3.80 3.75 Exports, Total 10.53 11.00 10.70 10.80 Use, Total 14.08 14.55 14.50 14.55 Unaccounted 2/ 0.19 0.03 0.01 -0.04 Ending Stocks 2.45 4.20 4.40 4.20 Avg. Farm Price 3/ 77.9 60.5 50.00 - 70.00 54.00 - 70.00 Total Note: Reliability calculations at end of report. 1/ Upland and extra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference be tween the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. *Planted area from March 31 Prospective Plantings. Harvested area based on the previous 10-year average abandonment by region, with the S outhwest estimated at 15 percent due to favorable moisture. Yield per harvested acre based on the previous 3-year average yields by region, with the Southwest adjusted to the 10-year average. **Planted area from the June 30 Acreage report. Harvested area based on the previous 10-year average abandonment by region, with the Southwest estimated at 7.5 pe rcent due to favorable moisture. Yield per harvested acre based on previous 3-year average yields by region, with the Southwest adjusted due to favorable moisture. July 2015 WASDE - 543 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 177.12 715.11 158.24 127.22 698.72 165.92 193.52 United States 19.54 58.11 4.59 6.06 34.15 32.01 16.07 Total Foreign 157.59 657.01 153.65 121.16 664.57 133.90 177.45 Major Exporters 4/ 20.83 217.75 4.58 57.40 139.51 76.17 27.47 Argentina 0.29 10.50 0.00 0.10 6.05 2.25 2.49 Australia 4.67 25.30 0.15 3.60 6.95 18.62 4.56 Canada 5.05 37.53 0.45 4.20 9.41 23.27 10.35 European Union 5/ 10.82 144.42 3.97 49.50 117.10 32.03 10.07 Major Importers 6/ 83.62 194.11 87.36 28.30 259.91 5.19 100.00 Brazil 1.00 5.30 7.07 0.60 11.40 0.08 1.89 China 53.96 121.93 6.77 16.00 116.50 0.89 65.27 Sel. Mideast 7/ 8.94 18.97 20.69 4.92 36.10 0.49 12.02 N. Africa 8/ 11.49 19.72 25.27 2.68 42.42 0.50 13.55 Pakistan 2.62 24.00 0.40 0.60 24.10 0.75 2.17 Southeast Asia 9/ 3.78 0.00 16.41 2.46 15.86 0.89 3.45 Selected Other India 24.20 93.51 0.03 4.80 93.85 6.05 17.83 FSU-12 13.92 103.87 7.41 22.75 72.98 37.15 15.08 Russia 4.95 52.09 0.80 12.50 34.10 18.57 5.18 Kazakhstan 2.94 13.94 0.01 2.00 6.80 8.10 1.99 Ukraine 2.58 22.28 0.07 3.40 11.50 9.76 3.67 2014/15 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 193.52 725.92 160.20 134.07 707.38 163.94 212.06 United States 16.07 55.13 3.92 3.03 31.35 23.28 20.48 Total Foreign 177.45 670.79 156.28 131.04 676.03 140.66 191.57 Major Exporters 4/ 27.47 221.92 6.67 64.60 147.98 80.40 27.68 Argentina 2.49 12.50 0.04 0.30 6.35 5.00 3.68 Australia 4.56 23.67 0.15 3.80 7.20 17.00 4.18 Canada 10.35 29.30 0.48 6.00 11.33 23.70 5.10 European Union 5/ 10.07 156.45 6.00 54.50 123.10 34.70 14.72 Major Importers 6/ 100.00 196.46 86.24 30.13 263.88 8.09 110.73 Brazil 1.89 6.00 6.30 0.30 11.20 1.80 1.19 China 65.27 126.17 1.70 17.00 118.00 0.85 74.29 Sel. Mideast 7/ 12.02 17.37 21.74 4.55 36.16 1.53 13.43 N. Africa 8/ 13.55 16.90 25.75 2.48 42.90 0.55 12.75 Pakistan 2.17 25.50 0.75 1.00 24.50 0.70 3.22 Southeast Asia 9/ 3.45 0.00 19.60 4.11 18.07 0.89 4.09 Selected Other India 17.83 95.85 0.05 4.50 93.13 3.40 17.20 FSU-12 15.08 112.73 7.71 24.63 75.93 40.33 19.26 Russia 5.18 59.08 0.35 13.00 35.50 22.20 6.91 Kazakhstan 1.99 13.00 0.60 2.00 6.80 6.00 2.78 Ukraine 3.67 24.75 0.05 4.00 12.00 11.50 4.97 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Austra lia, Canada, and the European Union. 5/ Trade excludes intra- trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Ph ilippines, Thailand, and Vietnam. July 2015 WASDE - 543 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Jun 200.41 721.55 155.12 138.97 719.56 158.41 202.40 Jul 212.06 721.96 155.26 133.20 714.20 158.07 219.81 United States Jun 19.39 57.72 3.81 5.31 33.58 25.17 22.16 Jul 20.48 58.46 3.54 5.44 33.72 25.86 22.90 Total Foreign Jun 181.02 663.84 151.31 133.66 685.97 133.23 180.24 Jul 191.57 663.50 151.73 127.76 680.48 132.21 196.91 Major Exporters 4/ Jun 30.04 217.18 6.14 64.00 147.68 78.20 27.48 Jul 27.68 212.88 7.14 62.80 146.48 75.70 25.52 Argentina Jun 3.68 11.50 0.03 0.10 6.15 6.70 2.36 Jul 3.68 11.50 0.03 0.10 6.15 6.70 2.36 Australia Jun 6.14 26.00 0.15 3.90 7.33 18.50 6.46 Jul 4.18 26.00 0.15 3.90 7.33 18.50 4.50 Canada Jun 5.30 29.00 0.46 4.50 9.70 20.50 4.56 Jul 5.10 27.50 0.46 3.80 9.00 19.50 4.56 European Union 5/ Jun 14.92 150.68 5.50 55.50 124.50 32.50 14.10 Jul 14.72 147.88 6.50 55.00 124.00 31.00 14.10 Major Importers 6/ Jun 98.55 203.22 82.65 33.62 270.30 6.84 107.28 Jul 110.73 203.22 82.45 28.62 265.30 6.44 124.66 Brazil Jun 1.19 6.50 6.50 0.60 11.60 1.00 1.59 Jul 1.19 6.50 6.50 0.60 11.60 1.00 1.59 China Jun 62.94 130.00 1.20 20.00 121.50 1.00 71.64 Jul 74.29 130.00 2.00 15.00 116.50 1.00 88.79 Sel. Mideast 7/ Jun 13.40 17.86 21.25 4.65 37.10 0.83 14.58 Jul 13.43 17.86 20.25 4.65 37.10 0.83 13.61 N. Africa 8/ Jun 12.15 19.36 24.60 2.88 44.23 0.55 11.34 Jul 12.75 19.36 24.60 2.88 44.23 0.55 11.94 Pakistan Jun 3.22 25.00 0.10 1.00 24.60 1.00 2.72 Jul 3.22 25.00 0.10 1.00 24.60 0.60 3.12 Southeast Asia 9/ Jun 3.89 0.00 18.80 3.84 18.13 0.89 3.68 Jul 4.09 0.00 18.80 3.84 18.13 0.89 3.88 Selected Other India Jun 16.50 90.00 0.50 4.80 94.60 0.50 11.90 Jul 17.20 90.00 1.00 4.80 96.00 0.30 11.90 FSU-12 Jun 19.26 105.88 7.27 23.83 76.14 38.86 17.41 Jul 19.26 109.88 6.89 24.13 76.44 40.86 18.74 Russia Jun 6.91 55.00 0.35 13.00 36.00 21.00 5.26 Jul 6.91 57.00 0.35 13.00 36.00 22.00 6.26 Kazakhstan Jun 2.78 12.50 0.40 2.00 6.80 6.00 2.88 Jul 2.78 13.50 0.03 2.00 6.80 6.00 3.51 Ukraine Jun 4.97 23.00 0.05 3.70 11.90 11.50 4.62 Jul 4.97 24.00 0.05 4.00 12.20 12.50 4.32 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Austra lia, Canada, and the European Union. 5/ Trade excludes intra- trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Ph ilippines, Thailand, and Vietnam. July 2015 WASDE - 543 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 168.09 1,280.98 156.00 735. 93 1,237.67 164.39 211.40 United States 23.53 367.09 3.23 133.53 305.11 54.42 34.31 Total Foreign 144.55 913.89 152.77 602.41 932.56 109.97 177.08 Major Exporters 4/ 21.81 174.75 1.82 81.09 111.23 56.45 30.70 Argentina 2.47 35.67 0.00 8.74 13.60 21.27 3.27 Australia 0.85 12.16 0.00 3.36 5.04 6.92 1.05 Brazil 14.56 82.60 1.11 48.28 58.03 20.98 19.26 Canada 3.08 28.75 0.54 15.19 22.45 5.29 4.63 Major Importers 5/ 33.52 249.81 112.99 258.42 340.98 10.97 44.37 European Union 6/ 13.08 159.02 16.24 122.36 164.11 8.63 15.61 Japan 0.98 0.19 17.50 12.78 17.64 0.00 1.03 Mexico 1.63 32.02 11.32 23.62 40.89 0.50 3.58 N. Afr & Mideast 7/ 9.93 31.12 30.66 50.38 57.94 0.30 13.46 Saudi Arabia 3.39 0.36 11.69 10.53 10.95 0.00 4.49 Southeast Asia 8/ 2.83 26.84 10.73 26.86 34.96 1.54 3.90 South Korea 1.29 0.20 10.50 7.80 10.11 0.00 1.88 Selected Other China 68.38 225.07 12.45 161.78 227.60 0.03 78.26 FSU-12 5.04 87.63 0.80 40.07 55.93 30.85 6.67 Russia 1.38 35.74 0.26 18.90 28.62 6.95 1.80 Ukraine 2.33 39.92 0.08 12.32 16.23 22.77 3.34 2014/15 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ ExportsEnding Stocks World 3/ 211.40 1,290.43 157.40 760. 71 1,272.56 168.58 229.27 United States 34.31 377.12 3.29 139.08 310.39 56.23 48.11 Total Foreign 177.08 913.31 154.10 621.63 962.16 112.35 181.16 Major Exporters 4/ 30.70 161.65 3.05 82.09 112.46 55.52 27.42 Argentina 3.27 32.00 0.01 9.17 14.33 18.31 2.64 Australia 1.05 11.35 0.00 3.39 5.06 6.53 0.81 Brazil 19.26 84.60 1.13 50.20 59.93 26.04 19.02 Canada 4.63 21.92 1.56 13.80 21.15 3.90 3.05 Major Importers 5/ 44.37 256.98 105.43 260.92 344.61 14.64 47.53 European Union 6/ 15.61 169.63 8.81 120.28 162.57 13.23 18.24 Japan 1.03 0.17 17.39 12.68 17.54 0.00 1.05 Mexico 3.58 31.94 10.30 24.42 41.94 0.51 3.38 N. Afr & Mideast 7/ 13.46 26.88 33.21 51.63 59.59 0.11 13.85 Saudi Arabia 4.49 0.36 11.65 11.45 11.93 0.00 4.57 Southeast Asia 8/ 3.90 27.67 10.09 28.29 36.29 0.80 4.58 South Korea 1.88 0.21 9.69 8.05 10.32 0.00 1.46 Selected Other China 78.26 222.17 19.65 171.10 239.15 0.05 80.88 FSU-12 6.67 91.45 0.84 42.93 59.19 31.88 7.89 Russia 1.80 40.39 0.16 21.18 31.54 8.22 2.58 Ukraine 3.34 39.35 0.06 12.45 16.19 22.89 3.66 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjust ed to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in som e countries. 4/ Argentina, Australia, Canada, Brazil, a nd South Africa. 5/ The European Union, Me xico, Japan, selected North Africa and Midd le East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes in tra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, M orocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2015 WASDE - 543 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Jun 232.57 1,276.00 155.28 774. 80 1,281.23 159.74 227.35 Jul 229.27 1,274.97 158.39 773. 72 1,282.17 162.30 222.07 United States Jun 50.35 362.81 3.13 139.91 311.61 57.03 47.65 Jul 48.11 362.47 3.05 139.53 311.87 57.79 43.97 Total Foreign Jun 182.22 913.19 152.15 634.89 969.62 102.71 179.69 Jul 181.16 912.50 155.35 634.19 970.30 104.51 178.10 Major Exporters 4/ Jun 29.23 161.22 2.85 85.76 116.37 53.37 23.56 Jul 27.42 163.09 2.85 84.97 115.59 54.67 23.10 Argentina Jun 2.85 33.45 0.01 9.58 15.04 19.31 1.96 Jul 2.64 33.46 0.01 9.59 15.05 19.31 1.75 Australia Jun 0.84 12.28 0.00 3.89 5.57 6.73 0.83 Jul 0.81 12.58 0.00 3.44 5.12 7.33 0.95 Brazil Jun 20.52 77.58 1.20 52.09 61.84 22.02 15.44 Jul 19.02 79.58 1.20 52.09 61.84 23.02 14.94 Canada Jun 3.25 23.85 1.54 14.58 21.91 3.80 2.93 Jul 3.05 23.40 1.54 14.23 21.56 3.50 2.93 Major Importers 5/ Jun 46.96 253.49 104.07 266.49 350.35 11.62 42.55 Jul 47.53 249.51 106.07 267.19 351.05 11.62 40.45 European Union 6/ Jun 17.19 159.48 12.26 120.73 163.13 10.31 15.50 Jul 18.24 155.70 14.26 121.53 163.93 10.31 13.97 Japan Jun 1.05 0.17 17.39 12.68 17.54 0.00 1.07 Jul 1.05 0.17 17.39 12.68 17.54 0.00 1.07 Mexico Jun 3.38 31.98 10.63 24.97 42.54 0.50 2.94 Jul 3.38 31.98 10.63 24.97 42.54 0.50 2.94 N. Afr & Mideast 7/ Jun 14.08 32.17 28.97 54.23 62.19 0.17 12.87 Jul 13.85 32.17 28.97 54.13 62.09 0.17 12.73 Saudi Arabia Jun 4.57 0.25 11.03 11.75 12.15 0.00 3.69 Jul 4.57 0.25 11.03 11.75 12.15 0.00 3.69 Southeast Asia 8/ Jun 4.82 29.11 9.32 29.76 37.87 0.64 4.74 Jul 4.58 28.91 9.32 29.76 37.87 0.64 4.30 South Korea Jun 1.46 0.20 10.09 8.14 10.42 0.00 1.33 Jul 1.46 0.20 10.09 8.14 10.42 0.00 1.33 Selected Other China Jun 80.88 234.50 19.15 174.03 242.38 0.08 92.08 Jul 80.88 235.50 20.25 173.13 243.48 0.08 93.08 FSU-12 Jun 7.90 82.96 0.82 43.43 59.71 25.99 5.97 Jul 7.89 83.46 0.82 43.43 59.71 26.49 5.96 Russia Jun 2.59 38.30 0.16 21.65 32.10 7.11 1.84 Jul 2.58 38.80 0.16 21.65 32.10 7.61 1.83 Ukraine Jun 3.66 33.13 0.06 12.20 15.81 18.18 2.86 Jul 3.66 33.13 0.06 12.20 15.81 18.18 2.86 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjust ed to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in som e countries. 4/ Argentina, Australia, Canada, Brazil, a nd South Africa. 5/ The European Union, Me xico, Japan, selected North Africa and Midd le East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes in tra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, M orocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2015 WASDE - 543 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 137.18 990.69 123.82 573.82 953.14 131.02 174.73 United States 20.86 351.27 0.91 127.87 293.05 48.70 31.29 Total Foreign 116.32 639.41 122.92 445.95 660.09 82.32 143.43 Major Exporters 4/ 16.12 120.98 0.86 57.20 75.30 40.03 22.64 Argentina 1.31 26.00 0.00 5.80 8.80 17.10 1.41 Brazil 14.15 80.00 0.79 46.00 55.00 20.97 18.97 South Africa 0.66 14.98 0.07 5.40 11.50 1.96 2.26 Major Importers 5/ 12.27 120.27 76.03 133.36 185.52 4.44 18.62 Egypt 1.08 5.80 8.73 11.00 13.20 0.00 2.40 European Union 6/ 5.15 64.66 15.92 58.00 76.50 2.40 6.82 Japan 0.52 0.00 15.12 10.60 15.10 0.00 0.55 Mexico 1.06 22.88 10.95 15.20 31.70 0.50 2.69 Southeast Asia 7/ 2.82 26.78 10.72 26.80 34.90 1.53 3.89 South Korea 1.27 0.08 10.41 7.76 9.89 0.00 1.86 Selected Other 0.00 Canada 1.55 14.19 0.51 7.52 12.70 1.95 1.60 China 67.57 218.49 3.28 154.00 212.00 0.02 77.32 FSU-12 2.00 46.90 0.46 18.57 21.34 24.81 3.22 Ukraine 1.19 30.90 0.07 8.50 9.90 20.00 2.25 2014/15 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 174.73 1,001.74 116.47 597.52 982.51 125.07 193.95 United States 31.29 361.09 0.69 134.63 300.90 46.99 45.18 Total Foreign 143.43 640.64 115.79 462.89 681.61 78.08 148.77 Major Exporters 4/ 22.64 118.30 1.06 59.50 77.80 42.20 21.99 Argentina 1.41 25.00 0.01 6.10 9.40 15.50 1.51 Brazil 18.97 82.00 0.80 48.00 57.00 26.00 18.77 South Africa 2.26 11.30 0.25 5.40 11.40 0.70 1.71 Major Importers 5/ 18.62 132.79 64.85 138.10 191.08 4.80 20.39 Egypt 2.40 5.96 7.50 11.50 13.90 0.01 1.95 European Union 6/ 6.82 75.03 8.50 59.00 78.00 3.50 8.85 Japan 0.55 0.00 15.00 10.50 15.00 0.00 0.55 Mexico 2.69 24.00 10.00 16.80 33.55 0.50 2.64 Southeast Asia 7/ 3.89 27.62 10.05 28.20 36.20 0.79 4.57 South Korea 1.86 0.08 9.60 8.00 10.10 0.00 1.44 Selected Other 0.00 Canada 1.60 11.50 1.50 7.50 12.80 0.50 1.30 China 77.32 215.67 3.00 156.00 216.00 0.03 79.96 FSU-12 3.22 43.47 0.47 19.92 22.74 21.02 3.40 Ukraine 2.25 28.45 0.05 9.00 10.40 18.00 2.35 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Braz il, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indone sia, Malaysia, Philippines, Thailand, and Vietnam. July 2015 WASDE - 543 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Jun 197.01 989.30 118.73 610.32 991.12 122.20 195.19 Jul 193.95 987.11 120.83 609.46 991.10 122.56 189.95 United States Jun 47.65 346.22 0.64 134.63 301.26 48.26 44.98 Jul 45.18 343.68 0.64 133.99 301.26 47.63 40.61 Total Foreign Jun 149.36 643.08 118.10 475.70 689.86 73.94 150.21 Jul 148.77 643.43 120.20 475.47 689.84 74.94 149.35 Major Exporters 4/ Jun 23.36 113.50 0.83 62.00 80.40 39.00 18.29 Jul 21.99 115.50 0.83 62.00 80.40 40.00 17.92 Argentina Jun 1.51 25.00 0.01 6.50 10.00 15.50 1.02 Jul 1.51 25.00 0.01 6.50 10.00 15.50 1.02 Brazil Jun 20.27 75.00 0.80 50.00 59.00 22.00 15.07 Jul 18.77 77.00 0.80 50.00 59.00 23.00 14.57 South Africa Jun 1.58 13.50 0.03 5.50 11.40 1.50 2.20 Jul 1.71 13.50 0.03 5.50 11.40 1.50 2.33 Major Importers 5/ Jun 19.78 126.91 68.90 141.25 194.38 3.65 17.57 Jul 20.39 124.34 70.90 142.75 195.88 3.65 16.11 Egypt Jun 1.95 6.00 8.00 12.10 14.50 0.01 1.44 Jul 1.95 6.00 8.00 12.10 14.50 0.01 1.44 European Union 6/ Jun 7.99 68.14 12.00 59.50 78.50 2.50 7.13 Jul 8.85 65.77 14.00 61.00 80.00 2.50 6.12 Japan Jun 0.55 0.00 15.00 10.50 15.00 0.00 0.55 Jul 0.55 0.00 15.00 10.50 15.00 0.00 0.55 Mexico Jun 2.64 23.50 10.30 17.15 33.95 0.50 1.99 Jul 2.64 23.50 10.30 17.15 33.95 0.50 1.99 Southeast Asia 7/ Jun 4.81 29.06 9.30 29.70 37.80 0.64 4.74 Jul 4.57 28.86 9.30 29.70 37.80 0.64 4.29 South Korea Jun 1.44 0.08 10.00 8.10 10.20 0.00 1.32 Jul 1.44 0.08 10.00 8.10 10.20 0.00 1.32 Selected Other Canada Jun 1.30 12.30 1.50 8.00 13.35 0.50 1.25 Jul 1.30 12.30 1.50 8.00 13.35 0.50 1.25 China Jun 79.96 228.00 3.00 160.00 220.00 0.05 90.91 Jul 79.96 229.00 3.00 158.00 220.00 0.05 91.91 FSU-12 Jun 3.40 42.66 0.49 20.84 23.71 19.68 3.16 Jul 3.40 42.66 0.49 20.84 23.71 19.68 3.16 Ukraine Jun 2.35 26.00 0.05 9.00 10.40 16.00 2.00 Jul 2.35 26.00 0.05 9.00 10.40 16.00 2.00 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to di fferences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and Sout h Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra- trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2015 WASDE - 543 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ 110.66 478.18 38.38 481.48 41.72 107.36 United States 1.16 6.12 0.73 4.00 2.99 1.03 Total Foreign 109.50 472.06 37.65 477.48 38.73 106.33 Major Exporters 4/ 39.61 161.86 0.63 134.66 30.64 36.81 India 25.44 106.54 0.00 99.18 10.15 22.65 Pakistan 0.50 6.70 0.03 2.60 3.20 1.43 Thailand 12.81 20.46 0.30 10.88 10.97 11.72 Vietnam 0.86 28.16 0.30 22.00 6.33 1.00 Major Importers 5/ 12.51 64.30 12.43 76.99 1.10 11.15 Brazil 0.53 8.30 0.55 7.90 0.82 0.66 European Union 6/ 1.19 1.92 1.53 3.25 0.24 1.15 Indonesia 6.48 36.30 1.23 38.50 0.00 5.50 Nigeria 0.89 2.77 2.80 5.80 0.00 0.66 Philippines 1.49 11.86 1.20 12.85 0.00 1.70 Sel. Mideast 7/ 1.50 1.95 3.96 6.12 0.00 1.29 Selected Other 0.00 Burma 0.55 11.96 0.00 10.45 1.69 0.37 C. Amer & Carib 8/ 0.52 1.72 1.42 3.17 0.01 0.48 China 46.83 142.53 4.02 146.30 0.26 46.81 Egypt 0.43 4.75 0.03 4.00 0.60 0.60 Japan 2.86 7.94 0.66 8.29 0.06 3.11 Mexico 0.19 0.13 0.69 0.86 0.00 0.15 South Korea 0.78 4.23 0.31 4.42 0.00 0.90 2014/15 Est. Beginning Stocks Production ImportsTotal /2 Domestic ExportsEnding Stocks World 3/ 107.36 476.28 40.77 484.69 43.02 98.95 United States 1.03 7.07 0.78 4.13 3.26 1.48 Total Foreign 106.33 469.21 39.99 480.57 39.75 97.46 Major Exporters 4/ 36.81 156.20 0.73 135.75 30.90 27.08 India 22.65 102.50 0.00 99.35 10.20 15.60 Pakistan 1.43 6.90 0.03 2.80 4.00 1.56 Thailand 11.72 18.75 0.30 11.70 10.00 9.07 Vietnam 1.00 28.05 0.40 21.90 6.70 0.85 Major Importers 5/ 11.15 64.72 14.67 78.35 1.31 10.89 Brazil 0.66 8.50 0.55 7.90 1.00 0.81 European Union 6/ 1.15 1.88 1.58 3.27 0.28 1.07 Indonesia 5.50 36.30 1.25 38.60 0.00 4.45 Nigeria 0.66 2.84 4.00 6.40 0.00 1.09 Philippines 1.70 11.88 1.70 13.20 0.00 2.08 Sel. Mideast 7/ 1.29 1.98 4.21 6.26 0.00 1.22 Selected Other 0.00 Burma 0.37 12.60 0.00 10.55 2.00 0.42 C. Amer & Carib 8/ 0.48 1.75 1.54 3.29 0.01 0.46 China 46.81 144.50 4.40 148.40 0.40 46.91 Egypt 0.60 4.53 0.03 4.00 0.25 0.91 Japan 3.11 7.84 0.70 8.31 0.08 3.26 Mexico 0.15 0.16 0.78 0.89 0.00 0.19 South Korea 0.90 4.24 0.47 4.45 0.00 1.16 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in so me countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Braz il, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Ira q, and Saudi Arabia. 8/ Central American and Caribbean countri es. July 2015 WASDE - 543 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ Jun 98.68 481.74 39.57 488.99 42.51 91.44 Jul 98.95 480.34 39.50 488.78 42.24 90.51 United States Jun 1.45 6.95 0.79 4.17 3.49 1.54 Jul 1.48 6.57 0.79 4.14 3.49 1.22 Total Foreign Jun 97.23 474.79 38.77 484.82 39.02 89.90 Jul 97.46 473.77 38.70 484.64 38.75 89.29 Major Exporters 4/ Jun 26.88 158.90 0.82 135.85 30.00 20.75 Jul 27.08 158.10 0.82 136.35 29.60 20.05 India Jun 15.60 104.00 0.00 99.50 8.50 11.60 Jul 15.60 104.00 0.00 99.50 8.50 11.60 Pakistan Jun 1.76 6.90 0.02 2.95 3.80 1.93 Jul 1.56 6.90 0.02 2.85 4.00 1.63 Thailand Jun 8.67 19.80 0.30 11.40 11.00 6.37 Jul 9.07 19.00 0.30 12.00 10.20 6.17 Vietnam Jun 0.85 28.20 0.50 22.00 6.70 0.85 Jul 0.85 28.20 0.50 22.00 6.90 0.65 Major Importers 5/ Jun 11.11 65.04 13.47 78.20 1.18 10.23 Jul 10.89 65.10 13.47 78.20 1.18 10.08 Brazil Jun 0.74 8.00 0.70 7.95 0.90 0.59 Jul 0.81 8.00 0.70 7.95 0.90 0.66 European Union 6/ Jun 1.07 1.90 1.55 3.28 0.23 1.00 Jul 1.07 1.90 1.55 3.28 0.23 1.00 Indonesia Jun 4.45 36.65 1.10 38.65 0.00 3.55 Jul 4.45 36.65 1.10 38.65 0.00 3.55 Nigeria Jun 1.09 2.71 3.00 6.00 0.00 0.80 Jul 1.09 2.71 3.00 6.00 0.00 0.80 Philippines Jun 2.40 12.40 1.30 13.25 0.00 2.85 Jul 2.08 12.40 1.30 13.25 0.00 2.53 Sel. Mideast 7/ Jun 1.19 1.98 4.45 6.35 0.00 1.27 Jul 1.22 2.05 4.45 6.35 0.00 1.37 Selected Other Burma Jun 0.42 12.80 0.00 10.80 2.00 0.42 Jul 0.42 12.80 0.00 10.60 2.20 0.42 C. Amer & Carib 8/ Jun 0.46 1.74 1.56 3.31 0.01 0.44 Jul 0.46 1.74 1.56 3.31 0.01 0.44 China Jun 46.91 146.00 4.70 151.00 0.40 46.21 Jul 46.91 146.00 4.70 151.00 0.40 46.21 Egypt Jun 0.91 4.60 0.03 4.00 0.40 1.13 Jul 0.91 4.60 0.03 4.00 0.40 1.13 Japan Jun 3.26 7.90 0.70 8.38 0.08 3.41 Jul 3.26 7.90 0.70 8.38 0.08 3.41 Mexico Jun 0.19 0.17 0.79 0.91 0.00 0.23 Jul 0.19 0.17 0.79 0.91 0.00 0.23 South Korea Jun 1.16 4.10 0.41 4.36 0.00 1.31 Jul 1.16 4.10 0.41 4.36 0.00 1.31 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indone sia, Hong Kong, Cote d'Ivoire, N igeria, Philippines, selected Middle East, and the EU-28. 6/ Trade exclude s intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. July 2015 WASDE - 543 - 26 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2013/14 Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World 90.77 120.48 40.08 108.96 40.08 -0.51 102.80 United States 3.80 12.91 0.01 3.55 10.53 0.19 2.45 Total Foreign 86.97 107.57 40.07 105.41 29.55 -0.71 100.35 Major Exporters 4/ 26.44 57.05 1.36 32.11 25.82 -0.83 27.75 Central Asia 5/ 2.98 6.60 3 / 2.36 4.26 0.00 2.96 Afr. Fr. Zone 6/ 1.30 4.36 3 / 0.15 4.13 0.00 1.38 S. Hemis 7/ 9.79 14.06 0.29 5.26 7.78 -0.34 11.43 Australia 2.40 4.10 3 / 0.04 4.85 -0.20 1.81 Brazil 5.80 8.00 0.15 4.20 2.23 -0.15 7.67 India 12.05 31.00 0.68 23.35 9.26 -0.50 11.62 Major Importers 8/ 58.70 47.23 36.38 68.83 2.64 0.12 70.72 Mexico 0.65 0.93 1.04 1.85 0.16 0.03 0.58 China 50.36 32.75 14.12 34.50 0.03 0.00 62.71 European Union 9/ 0.55 1.60 0.87 0.85 1.60 0.03 0.53 Turkey 1.32 2.30 4.25 6.30 0.20 0.00 1.36 Pakistan 2.71 9.50 1.20 10.40 0.51 0.03 2.48 Indonesia 0.64 0.03 2.99 3.05 0.01 0.00 0.60 Thailand 0.24 3 / 1.55 1.55 0.00 0.03 0.22 Bangladesh 0.97 0.12 4.10 4.15 0.00 0.01 1.02 Vietnam 0.49 0.01 3.20 3.20 0.00 0.00 0.50 2014/15 Est. Beginning Stocks Production ImportsDomestic Use ExportsLoss /2 Ending Stocks World 102.80 118.98 34.57 110.86 34.60 -0.07 110.96 United States 2.45 16.32 0.01 3.55 11.00 0.03 4.20 Total Foreign 100.35 102.66 34.56 107.31 23.60 -0.11 106.76 Major Exporters 4/ 27.75 52.59 1.66 33.19 19.94 -0.23 29.09 Central Asia 5/ 2.96 6.23 3 / 2.41 3.77 0.00 3.01 Afr. Fr. Zone 6/ 1.38 4.98 3 / 0.14 4.22 0.00 2.00 S. Hemis 7/ 11.43 11.07 0.16 4.94 7.63 -0.24 10.32 Australia 1.81 2.30 3 / 0.04 2.90 -0.10 1.27 Brazil 7.67 7.00 0.03 3.90 3.90 -0.15 7.04 India 11.62 29.50 1.15 24.85 4.00 0.00 13.42 Major Importers 8/ 70.72 46.94 30.65 69.67 2.73 0.12 75.80 Mexico 0.58 1.37 0.83 1.85 0.16 0.03 0.74 China 62.71 30.00 8.25 34.00 0.08 0.00 66.88 European Union 9/ 0.53 1.63 0.87 0.87 1.57 0.03 0.56 Turkey 1.36 3.20 3.65 6.30 0.25 0.00 1.66 Pakistan 2.48 10.60 0.80 10.75 0.55 0.03 2.55 Indonesia 0.60 0.02 3.35 3.30 0.01 0.00 0.66 Thailand 0.22 3 / 1.48 1.45 0.01 0.03 0.21 Bangladesh 1.02 0.12 4.30 4.35 0.00 0.01 1.08 Vietnam 0.50 0.01 4.40 4.05 0.00 0.00 0.85 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing ch annel; for Australia, Brazil, China, and the United States, refl ects the difference between implicit stocks based on supply less total use and indicated ending st ocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzst an, Tajikistan, Turkmenistan, an d Uzbekistan. 6/ Benin, Burkino Faso, Came roon, Central African Republic, Chad, Cote d' Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Para guay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regi ons listed, includes Hong Kong, Japan, Russi a, South Korea, and Taiwan. 9/ Includes intra-EU trade. July 2015 WASDE - 543 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2015/16 Proj. Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World Jun 110.01 111.32 33.77 115.31 33.80 -0.10 106.08 Jul 110.96 111.46 34.05 114.44 34.05 -0.15 108.14 United States Jun 4.40 14.50 0.01 3.80 10.70 0.01 4.40 Jul 4.20 14.50 0.01 3.75 10.80 -0.04 4.20 Total Foreign Jun 105.61 96.82 33.76 111.51 23.10 -0.11 101.68 Jul 106.76 96.96 34.04 110.69 23.25 -0.11 103.94 filler filler filler filler filler filler filler Major Exporters 4/ Jun 29.15 51.29 1.64 34.30 19.83 -0.23 28.17 Jul 29.09 51.32 1.64 34.55 19.91 -0.23 27.82 Central Asia 5/ Jun 2.85 6.11 3 / 2.56 3.60 0.00 2.81 Jul 3.01 6.15 3 / 2.56 3.77 0.00 2.83 Afr. Fr. Zone 6/ Jun 2.00 4.56 3 / 0.14 4.47 0.00 1.95 Jul 2.00 4.56 3 / 0.14 4.47 0.00 1.95 S. Hemis 7/ Jun 10.29 10.50 0.29 5.05 6.47 -0.24 9.79 Jul 10.32 10.50 0.24 4.80 6.67 -0.24 9.82 Australia Jun 1.27 2.00 3 / 0.04 2.00 -0.10 1.34 Jul 1.27 2.00 3 / 0.04 2.00 -0.10 1.34 Brazil Jun 6.97 6.75 0.15 4.00 3.60 -0.15 6.42 Jul 7.04 6.75 0.10 3.75 3.80 -0.15 6.49 India Jun 13.67 29.50 0.90 25.75 5.00 0.00 13.32 Jul 13.42 29.50 0.95 26.25 4.70 0.00 12.92 filler filler filler filler filler filler filler Major Importers 8/ Jun 74.61 42.46 29.78 72.66 2.38 0.12 71.69 Jul 75.80 42.49 30.06 71.59 2.40 0.12 74.25 Mexico Jun 0.74 1.05 1.00 1.90 0.15 0.03 0.72 Jul 0.74 1.05 1.00 1.90 0.15 0.03 0.72 China Jun 65.63 27.00 6.00 36.00 0.05 0.00 62.58 Jul 66.88 27.00 5.75 34.50 0.05 0.00 65.08 European Union 9/ Jun 0.62 1.46 0.85 0.88 1.43 0.03 0.59 Jul 0.56 1.49 0.85 0.88 1.45 0.03 0.54 Turkey Jun 1.66 2.80 3.70 6.40 0.23 0.00 1.53 Jul 1.66 2.80 3.70 6.40 0.23 0.00 1.53 Pakistan Jun 2.55 10.00 1.70 11.10 0.50 0.03 2.63 Jul 2.55 10.00 1.50 11.00 0.50 0.03 2.53 Indonesia Jun 0.66 0.02 3.50 3.40 0.01 0.00 0.78 Jul 0.66 0.02 3.50 3.40 0.01 0.00 0.78 Thailand Jun 0.21 3 / 1.55 1.50 0.00 0.03 0.24 Jul 0.21 3 / 1.55 1.50 0.00 0.03 0.24 Bangladesh Jun 1.18 0.13 4.60 4.70 0.00 0.01 1.20 Jul 1.08 0.13 4.50 4.55 0.00 0.01 1.15 Vietnam Jun 0.75 3 / 4.20 4.10 0.00 0.00 0.86 Jul 0.85 3 / 5.00 4.75 0.00 0.00 1.11 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects co tton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks ba sed on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan , Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Be nin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. July 2015 WASDE - 543 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Domestic CrushDomestic TotalExports Ending Stocks World 2/ 56.35 283.24 111.27 241.26 275.25 112.89 62.73 United States 3.83 91.39 1.95 47.19 49.85 44.82 2.50 Total Foreign 52.52 191.85 109.32 194.07 225.40 68.08 60.22 Major Exporters 3/ 36.45 151.79 0.61 76.56 84.08 62.67 42.10 Argentina 20.96 53.50 0.00 36.17 40.57 7.84 26.05 Brazil 15.33 86.70 0.61 36.86 39.86 46.83 15.95 Paraguay 0.13 8.19 0.01 3.35 3.45 4.80 0.07 Major Importers 4/ 13.33 14.72 96.22 91.35 108.42 0.30 15.55 China 12.38 12.20 70.36 68.85 80.30 0.22 14.43 European Union 0.30 1.21 12.99 13.40 14.16 0.06 0.28 Japan 0.18 0.20 2.89 1.97 3.05 0.00 0.23 Mexico 0.10 0.24 3.84 4.03 4.07 0.00 0.12 2014/15 Est. Beginnin g Stock s Productio n Import sDomesti c CrushDomesti c Total Export s Endin g Stock s World 2/ 62.73 318.60 115.91 257.50 296.07 119.49 81.68 United States 2.50 108.01 0.82 49.80 54.73 49.67 6.94 Total Foreign 60.22 210.59 115.09 207.70 241.35 69.82 74.74 Major Exporters 3/ 42.10 166.40 0.41 81.98 90.25 62.68 55.98 Argentina 26.05 60.00 0.00 38.78 43.78 8.00 34.28 Brazil 15.95 94.50 0.40 39.30 42.45 46.80 21.60 Paraguay 0.07 8.40 0.01 3.70 3.80 4.60 0.08 Major Importers 4/ 15.55 15.45 100.34 97.63 115.31 0.35 15.67 China 14.43 12.35 74.00 74.20 86.05 0.18 14.55 European Union 0.28 1.69 12.95 13.75 14.57 0.10 0.25 Japan 0.23 0.23 2.90 2.05 3.12 0.00 0.23 Mexico 0.12 0.36 4.03 4.28 4.32 0.00 0.18 2015/16 Proj. Beginnin g Stock s Productio n Import s Domesti c CrushDomesti c TotalExport s Endin g Stock s World 2/ Jun 83.70 317.58 119.73 267.79 305.64 122.15 93.22 Jul 81.68 318.92 120.77 268.08 306.23 123.34 91.80 United States Jun 8.97 104.78 0.82 49.80 53.33 48.31 12.93 Jul 6.94 105.73 0.82 50.08 53.60 48.31 11.58 Total Foreign Jun 74.73 212.80 118.91 217.99 252.31 73.84 80.29 Jul 74.74 213.19 119.96 218.01 252.63 75.03 80.22 Major Exporters 3/ Jun 55.81 166.30 0.46 86.30 94.75 66.13 61.69 Jul 55.98 166.30 0.46 85.30 93.75 67.33 61.66 Argentina Jun 32.95 57.00 0.00 42.50 47.60 8.50 33.85 Jul 34.28 57.00 0.00 41.50 46.60 8.70 35.98 Brazil Jun 22.75 97.00 0.45 39.50 42.73 49.75 27.72 Jul 21.60 97.00 0.45 39.50 42.73 50.75 25.57 Paraguay Jun 0.09 8.80 0.01 4.10 4.20 4.60 0.10 Jul 0.08 8.80 0.01 4.10 4.20 4.60 0.09 Major Importers 4/ Jun 15.51 14.89 103.95 100.76 118.90 0.38 15.07 Jul 15.67 14.89 104.25 101.26 119.40 0.33 15.07 China Jun 14.38 11.50 77.50 77.10 89.25 0.25 13.88 Jul 14.55 11.50 77.50 77.30 89.45 0.20 13.90 European Union Jun 0.27 1.98 12.80 13.80 14.63 0.10 0.32 Jul 0.25 1.98 13.10 14.10 14.93 0.10 0.30 Japan Jun 0.26 0.22 2.85 1.97 3.05 0.00 0.28 Jul 0.23 0.22 2.85 1.97 3.05 0.00 0.25 Mexico Jun 0.18 0.36 4.05 4.35 4.39 0.00 0.20 Jul 0.18 0.36 4.05 4.35 4.39 0.00 0.20 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October-September year. 2/ World i mports and exports may not balance due to differences in local marke ting years and to time lags betw een reported exports and imports. Therefore, world supply may not equal world us e. 3/ Argentina, Brazil, Paraguay, and Ur uguay. 4/ China, European Union, Japan , Mexico, and Southeast Asia (inc ludes Indonesia, Malaysia, Philippi nes, Vietnam, and Thailand). July 2015 WASDE - 543 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 9.71 189.52 57.79 186.34 60.06 10.63 United States 0.25 36.91 0.31 26.76 10.48 0.23 Total Foreign 9.46 152.61 57.49 159.58 49.58 10.40 Major Exporters 3/ 6.99 63.07 0.03 20.70 41.66 7.73 Argentina 3.54 27.89 0.00 2.00 24.97 4.46 Brazil 3.10 28.54 0.03 14.65 13.95 3.07 India 0.35 6.64 0.01 4.05 2.74 0.20 Major Importers 4/ 1.00 14.52 33.88 47.77 0.36 1.27 European Union 0.12 10.59 18.18 28.44 0.30 0.14 Southeast Asia 5/ 0.79 2.44 13.72 15.95 0.06 0.95 2014/15 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 10.63 202.98 60.20 198.59 62.77 12.45 United States 0.23 39.69 0.36 28.58 11.43 0.27 Total Foreign 10.40 163.29 59.83 170.01 51.34 12.18 Major Exporters 3/ 7.73 66.23 0.03 21.81 43.20 8.98 Argentina 4.46 29.89 0.00 2.22 27.40 4.73 Brazil 3.07 30.42 0.03 14.98 14.60 3.93 India 0.20 5.92 0.01 4.61 1.20 0.32 Major Importers 4/ 1.27 15.04 36.25 50.64 0.41 1.52 European Union 0.14 10.87 19.55 29.94 0.34 0.28 Southeast Asia 5/ 0.95 2.63 14.95 17.38 0.07 1.08 2015/16 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Jun 12.83 210.99 63.76 207.98 67.04 12.57 Jul 12.45 211.31 62.87 208.56 65.91 12.16 United States Jun 0.27 39.39 0.30 29.03 10.66 0.27 Jul 0.27 39.67 0.30 29.30 10.66 0.27 Total Foreign Jun 12.55 171.60 63.47 178.95 56.38 12.29 Jul 12.18 171.64 62.57 179.26 55.25 11.89 Major Exporters 3/ Jun 9.27 70.89 0.03 23.09 48.10 9.01 Jul 8.98 70.03 0.03 23.21 47.03 8.81 Argentina Jun 4.62 32.96 0.00 2.50 31.00 4.08 Jul 4.73 32.18 0.00 2.50 30.20 4.21 Brazil Jun 4.33 30.57 0.03 15.45 14.78 4.70 Jul 3.93 30.57 0.03 15.45 14.80 4.28 India Jun 0.32 7.36 0.01 5.14 2.33 0.23 Jul 0.32 7.28 0.01 5.26 2.03 0.33 Major Importers 4/ Jun 1.62 15.17 38.15 52.82 0.48 1.64 Jul 1.52 15.44 38.10 53.14 0.48 1.44 European Union Jun 0.31 10.87 20.10 30.54 0.40 0.34 Jul 0.28 11.14 20.10 30.89 0.40 0.22 Southeast Asia 5/ Jun 1.08 2.80 16.10 18.87 0.08 1.04 Jul 1.08 2.80 16.15 18.92 0.08 1.04 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Japa n. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. July 2015 WASDE - 543 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 3.74 45.01 9.35 45.36 9.39 3.36 United States 0.77 9.13 0.08 8.60 0.85 0.53 Total Foreign 2.97 35.88 9.28 36.76 8.54 2.84 Major Exporters 3/ 0.86 16.40 0.33 10.47 6.24 0.88 Argentina 0.26 6.79 0.01 2.73 4.09 0.24 Brazil 0.40 7.07 0.00 5.77 1.38 0.33 European Union 0.20 2.55 0.33 1.98 0.77 0.32 Major Importers 4/ 1.41 14.22 4.59 18.67 0.22 1.33 China 1.02 12.34 1.35 13.66 0.09 0.96 India 0.25 1.48 1.83 3.30 0.00 0.26 North Africa 5/ 0.14 0.41 1.40 1.71 0.13 0.12 2014/15 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 3.36 47.95 9.79 47.50 10.08 3.52 United States 0.53 9.48 0.10 8.62 0.86 0.63 Total Foreign 2.84 38.47 9.69 38.89 9.22 2.89 Major Exporters 3/ 0.88 17.51 0.32 10.92 6.78 1.02 Argentina 0.24 7.36 0.02 2.76 4.56 0.30 Brazil 0.33 7.54 0.00 6.09 1.37 0.41 European Union 0.32 2.61 0.30 2.07 0.85 0.32 Major Importers 4/ 1.33 15.05 4.86 19.84 0.23 1.16 China 0.96 13.28 0.90 14.24 0.10 0.80 India 0.26 1.32 2.50 3.80 0.00 0.27 North Africa 5/ 0.12 0.45 1.46 1.80 0.13 0.09 2015/16 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Jun 3.41 49.95 10.18 49.17 10.78 3.60 Jul 3.52 50.01 10.36 49.38 10.86 3.66 United States Jun 0.56 9.60 0.08 8.71 0.91 0.61 Jul 0.63 9.65 0.08 8.75 0.91 0.70 Total Foreign Jun 2.86 40.36 10.10 40.46 9.87 2.99 Jul 2.89 40.36 10.28 40.62 9.95 2.96 Major Exporters 3/ Jun 1.03 18.25 0.21 11.15 7.30 1.04 Jul 1.02 18.12 0.21 10.97 7.38 1.00 Argentina Jun 0.30 8.05 0.01 2.96 5.10 0.30 Jul 0.30 7.86 0.01 2.77 5.10 0.30 Brazil Jun 0.41 7.58 0.00 6.23 1.38 0.38 Jul 0.41 7.58 0.00 6.23 1.38 0.38 European Union Jun 0.33 2.62 0.20 1.96 0.82 0.37 Jul 0.32 2.68 0.20 1.97 0.90 0.33 Major Importers 4/ Jun 1.11 15.92 5.25 20.87 0.22 1.18 Jul 1.16 15.94 5.45 21.15 0.22 1.19 China Jun 0.80 13.81 1.30 15.03 0.08 0.80 Jul 0.80 13.84 1.30 15.06 0.08 0.80 India Jun 0.22 1.63 2.45 4.00 0.00 0.30 Jul 0.27 1.63 2.65 4.25 0.00 0.30 North Africa 5/ Jun 0.09 0.48 1.50 1.84 0.14 0.08 Jul 0.09 0.48 1.50 1.84 0.14 0.09 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Brazil and European Uni on. 4/ China, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. July 2015 WASDE - 543 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Mea t 2/Broiler Turkey Total Poultry 3 /Red Meat & PoultryEgg Milk Million Pounds Mil doz Bil lbs 2014 III 6,179 5,424 11,663 9,835 1, 478 11,448 23,111 2,099 51.2 IV 6,021 6,131 12,212 9,814 1, 517 11,459 23,671 2,139 51.0 Annual 24,252 22,843 47,345 38,550 5, 756 44,827 92,171 8,335 206.0 2015 I 5,664 6,161 11,883 9,717 1, 429 11,273 23,156 2,059 51.9 II 5,885 5,925 11,871 10,050 1, 360 11,542 23,413 1,980 53.6 III* 6,250 5,990 12,298 10,400 1, 360 11,892 24,190 1,935 51.7 IV* 6,025 6,505 12,592 10,325 1, 415 11,865 24,457 2,010 51.6 Annual Jun Proj. 24,009 24,456 48,700 40,317 5, 604 46,437 95,137 7,994 208.7 Jul Proj. 23,824 24,581 48,644 40,492 5, 564 46,572 95,216 7,984 208.8 2016 I* 5,885 6,115 12,056 10,075 1, 350 11,550 23,606 1,975 53.3 II* 6,470 5,845 12,373 10,350 1, 500 11,990 24,363 2,005 54.5 Annual Jun Proj. 24,735 24,700 49,668 41,175 6, 010 47,725 97,393 8,141 213.9 Jul Proj. 24,850 24,705 49,788 41,375 6, 010 47,925 97,713 8,141 213.6 * Projection. 1/ Commercial produc tion for red meats; federally inspected for poultr y meats. 2/ Beef, pork, veal and lamb & mut ton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/Barrows and gilts 3/Broilers 4/Turkeys 5/Eggs 6/Milk 7/ Dol./cw t Dol./cw t Cents/lb. Cents/lb. Cents/doz. Dol./cw t 2014 III 158.49 83.30 104.6 110.2 129.3 24.40 IV 165.60 66.74 102.8 113.9 162.7 22.77 Annual 154.56 76.03 104.9 107.6 142.3 23.97 2015 I 162.43 48.47 97.0 99.6 146.9 17.00 II 158.11 53.20 104.2 108.5 170.3 16.50-16.60 III* 155-161 53-55 100-104 118-122 172-178 17.15-17.55 IV* 155-167 45-49 97-103 125-135 179-191 17.45-18.15 Annual Jun Proj. 159-165 49-51 99-103 108-112 160-166 17.15-17.55 Jul Proj. 158-162 50-51 99-102 113-116 167-172 17.05-17.35 2016 I* 153-165 46-50 97-105 110-120 149-161 16.80-17.80 II* 156-168 49-53 99-107 112-122 130-140 16.45-17.45 Annual Jun Proj. 155-168 44-48 99-107 106-114 136-147 17.45-18.45 Jul Proj. 155-167 46-49 99-107 110-119 136-147 17.00-18.00 *Projection. 1/ Simple average of months. 2/ 5-Area, Direct, Total all grades 3/ Na tional Base, Live equiv 51-52% lean. 4/ Whol esale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. July 2015 WASDE - 543 - 32 U.S. Meats Supply and Use Item Beginning stocksProduction 1/ ImportsTotal Supply ExportsEnding StocksTotal UsePer Capita 2/ 3/ Million Pounds /4 Beef 2014 584 24,320 2,947 27,850 2,573 591 24,686 54.2 2015 Proj. Jun 591 24,074 3,316 27,981 2,461 560 24,960 54.4 Jul 591 23,889 3,431 27,911 2,436 560 24,915 54.3 2016 Proj. Jun 560 24,799 2,920 28,279 2,510 560 25,209 54.6 Jul 560 24,914 2,995 28,469 2,510 560 25,399 55.0 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2014 618 22,861 1,007 24,486 4,858 559 19,069 46.4 2015 Proj. Jun 559 24,474 1,158 26,191 4,915 610 20,666 49.9 Jul 559 24,599 1,083 26,241 5,065 610 20,566 49.7 2016 Proj. Jun 610 24,718 1,020 26,348 5,125 610 20,613 49.5 Jul 610 24,723 1,000 26,333 5,225 610 20,498 49.2 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2014 1,230 47,441 4,149 52,820 7,438 1,190 44,192 101.9 2015 Proj. Jun 1,190 48,794 4,667 54,650 7,385 1,209 46,056 105.5 Jul 1,190 48,738 4,707 54,634 7,509 1,209 45,916 105.2 2016 Proj. Jun 1,209 49,761 4,130 55,100 7,646 1,208 46,246 105.2 Jul 1,209 49,881 4,185 55,275 7,746 1,208 46,321 105.3 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2014 669 38,137 117 38,923 7,304 680 30,939 83.4 2015 Proj. Jun 680 39,886 117 40,683 6,754 775 33,154 88.7 Jul 680 40,059 117 40,856 6,864 775 33,217 88.8 2016 Proj. Jun 775 40,734 116 41,625 7,215 685 33,725 89.6 Jul 775 40,932 116 41,823 7,215 685 33,923 90.1 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2014 237 5,756 29 6,022 804 193 5,024 15.8 2015 Proj. Jun 193 5,604 29 5,826 669 200 4,957 15.4 Jul 193 5,564 29 5,786 599 200 4,987 15.5 2016 Proj. Jun 200 6,010 28 6,238 750 250 5,238 16.2 Jul 200 6,010 28 6,238 750 250 5,238 16.2 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2014 912 44,414 148 45,474 8,218 876 36,379 100.5 2015 Proj. Jun 876 46,005 147 47,028 7,552 979 38,498 105.3 Jul 876 46,138 147 47,161 7,592 979 38,591 105.6 2016 Proj. Jun 979 47,284 146 48,409 8,097 939 39,373 107.1 Jul 979 47,482 146 48,607 8,097 939 39,571 107.6 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2014 2,142 91,855 4,297 98,294 15,656 2,066 80,572 202.3 2015 Proj. Jun 2,066 94,799 4,814 101,679 14,937 2,188 84,554 210.8 Jul 2,066 94,876 4,854 101,796 15,101 2,188 84,507 210.8 2016 Proj. Jun 2,188 97,045 4,276 103,509 15,743 2,147 85,619 212.3 Jul 2,188 97,363 4,331 103,882 15,843 2,147 85,892 213.0 1/ Total including farm production for red meats and, for pou ltry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis for red meat and broilers; certified ready-to-cook weight for turkey. 3/ Population source: Dept. of Commerce, Ce nsus Bureau. 4/ Carcass weight for re d meats and certified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutt on. 6/ Broilers, turkeys and mature chicken. July 2015 WASDE - 543 - 33 U.S. Egg Supply and Use Commodity 2013 2014 2015 Proj. 2015 Proj. 2016 Proj. 2016 Proj. Jun Jul Jun Jul Eggs Million Dozen Supply Beginning Stocks 20.8 23.0 23.3 23.3 18.0 18.0 Production 8,144.6 8,334.8 7,994.0 7 ,984.0 8,141.0 8,141.0 Imports 16.9 32.8 41.4 41.4 48.0 48.0 Total Supply 8,182.3 8,390.6 8,058.7 8 ,048.7 8,207.0 8,207.0 Use Exports 371.9 395.4 369.3 364.3 385.0 385.0 Hatching Use 964.8 980.7 1,011.4 1,016.4 1,020.0 1,020.0 Ending Stocks 23.0 23.3 18.0 18.0 20.0 20.0 Disappearance Total 6,822.6 6,991.2 6,660.0 6 ,650.0 6,782.0 6,782.0 Per Capita (number) 258.7 263.3 248.9 248.5 251.7 251.7 Total U.S. Milk Supply and Use Commodity 2013 2014 2015 Proj. 2015 Proj. 2016 Proj. 2016 Proj. Jun Jul Jun Jul Milk Billion Pounds Production 201.2 206.0 208.7 208.8 213.9 213.6 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 12.2 11.2 11.2 11.2 11.3 11.6 Marketings 200.3 205.1 207.8 207.9 212.9 212.6 Imports 3.7 4.3 5.0 5.2 4.4 4.9 Total Cml. Supply 216.2 220.6 224.0 224.3 228.6 229.2 Fat Basis Use Commercial Exports 12.4 12.5 10.9 10.5 11.5 11.0 Ending Commercial Stocks 11.2 11.2 11.3 11.6 11.9 12.0 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 192.6 196.9 201.8 202.3 205.2 206.1 Skim-solid Basis Supply Beg. Commercial Stocks 12.4 11.7 13.1 13.1 12.2 12.3 Marketings 200.3 205.1 207.8 207.9 212.9 212.6 Imports 5.3 5.6 5.7 6.1 5.6 6.0 Total Cml. Supply 217.9 222.3 226.6 227.1 230.7 231.0 Skim-solid Basis Use Commercial Exports 38.5 39.2 38.7 39.7 39.5 39.9 Ending Commercial Stocks 11.7 13.1 12.2 12.3 12.9 12.9 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 167.7 170.1 175.7 175.1 178.3 178.1 Total Note: Totals may not add due to rounding. July 2015 WASDE - 543 - 34 U.S. Dairy Prices Commodity 2013 2014 2015 Proj. 2015 Proj. 2016 Proj. 2016 Proj. Jun Jul Jun Jul Product Prices 1/ Dollars Pe r Pound Cheese 1.7683 2.1551 1.635- 1.6751.650- 1.6801.610- 1.7101.610- 1.710 Butter 1.5451 2.1361 1.800- 1.8701.810- 1.8701.720- 1.8501.750- 1.880 Nonfat Dry Milk 1.7066 1.7682 1.005- 1.0450.945- 0.9751.195- 1.2651.065- 1.135 Dry Whey 0.5902 0.6538 0.465- 0.4850.440- 0.4600.505- 0.5350.460- 0.490 Filler Dollars Pe r Cwt Milk Prices 2/ Class III 17.99 22.34 16.15- 16.5516.15- 16.4516.15- 17.1515.90- 16.90 Class IV 19.05 22.09 14.20- 14.7013.70- 14.1015.40- 16.5014.45- 15.55 All Milk 3/ 20.05 23.97 17.15- 17.5517.05- 17.3517.45- 18.4517.00- 18.00 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are th e simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not re flect any deductions from producers as authorized by legislation. July 2015 WASDE - 543 - 35 Reliability of July Projections 1/ Note: Tables on pages 35-37 present a record of the July projec tion and the final Estimate. Using world wheat production as an e xample, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 2.9 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 4.9 percent. The average difference between the July pro jection and the final estimate is 14.5 million tons, ranging from 1 million to 34.6 million tons. The July projection has been below the estimate 20 times and above 14 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final WHEAT Percen t Million Metric Tons Production Worl d 2.9 4.9 14.5 1.0 34.6 20 14 U.S. 3.6 6.1 1.6 0.2 6.2 16 18 Forei gn 3.2 5.4 14.1 0.3 34.7 21 13 Exports Worl d 6.1 10.3 6.2 0.2 18.7 22 12 U.S. 11.6 19.7 2.8 0.2 10.0 20 14 Forei gn 7.5 12.7 5.9 0.1 21.3 23 11 Domestic Use Worl d 2.1 3.5 9.3 1.6 25.7 21 13 U.S. 7.2 12.2 1.8 0.0 5.0 14 20 Forei gn 2.0 3.4 8.9 1.3 26.9 23 11 Endin g Stocks Worl d 10.1 17.1 11.8 0.1 35.3 23 11 U.S. 19.2 32.6 3.2 0.2 13.9 19 15 Forei gn 10.6 18.0 10.3 2.3 31.7 23 11 COARSE GRAINS 2/ Production Worl d 2.9 4.9 21.9 3.7 68.4 18 16 U.S. 10.7 18.1 16.5 0.6 57.9 15 19 Forei gn 2.5 4.2 12.8 1.1 37.9 18 16 Exports Worl d 7.9 13.5 7.6 0.6 23.5 23 11 U.S. 27.5 46.7 8.2 0.2 24.4 13 21 Forei gn 14.7 25.0 7.2 1.4 19.7 23 11 Domestic Use Worl d 1.7 2.9 13.2 0.0 41.7 18 16 U.S. 4.7 8.0 7.2 0.0 22.2 21 13 Forei gn 1.8 3.1 10.1 1.0 30.5 19 15 Endin g Stocks Worl d 18.1 30.7 18.9 1.6 60.2 21 13 U.S. 41.5 70.5 13.6 0.5 50.5 13 21 Forei gn 14.9 25.3 11.7 0.2 43.6 24 10 RICE , mille d Production Worl d 2.5 4.2 7.1 0.4 24.0 21 13 U.S. 4.7 8.0 0.2 0.0 0.6 18 14 Forei gn 2.5 4.3 7.1 0.5 24.3 21 13 Exports Worl d 9.3 15.8 1.6 0.0 6.7 25 9 U.S. 10.7 18.1 0.2 0.0 1.0 16 14 Forei gn 10.2 17.3 1.5 0.0 6.5 25 9 Domestic Use Worl d 2.1 3.5 4.8 0.2 22.9 22 12 U.S. 8.6 14.6 0.2 0.0 0.5 13 21 Forei gn 2.1 3.6 4.9 0.2 22.9 22 12 Endin g Stocks Worl d 13.7 23.3 5.1 0.1 15.6 25 9 U.S. 29.2 49.6 0.3 0.0 1.0 21 12 Forei gn 15.2 25.8 5.1 0.2 16.5 26 8 1/ Footnotes at end of table. CONTINUED July 2015 WASDE - 543 - 36 Reliability of July Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final SOYBEANS Percent Million Metric Tons Production World 5.2 8.9 7.1 0.5 26.9 16 18 U.S. 7.2 12.2 3.5 0.2 11.7 16 18 Foreign 7.8 13.2 6.4 1.0 25.8 19 15 Exports World 8.0 13.6 3.2 0.0 10.7 21 13 U.S. 13.2 22.5 2.7 0.1 6.8 20 14 Foreign 20.8 35.3 2.4 0.0 10.5 18 16 Domestic Use World 4.0 6.7 5.3 0.5 16.1 20 14 U.S. 5.5 9.3 1.7 0.0 4.9 21 13 Foreign 4.3 7.3 4.4 0.1 11.2 20 14 Ending Stocks World 14.9 25.2 3.6 0.0 13.6 20 14 U.S. 56.0 95.0 2.6 0.0 8.2 10 24 Foreign 19.1 32.3 3.7 0.0 15.4 22 12 COTTON Million 480-Pound Bales Production World 5.5 9.3 3.6 0.0 14.9 21 13 U.S. 9.9 16.8 1.3 0.1 5.3 19 15 Foreign 5.7 9.6 2.9 0.0 12.1 19 14 Exports World 10.7 18.2 2.4 0.1 11.6 18 16 U.S. 28.3 48.0 1.2 0.1 3.6 21 13 Foreign 14.2 24.2 2.0 0.0 9.8 15 19 Domestic Use World 4.3 7.3 2.9 0.0 15.4 16 18 U.S. 9.5 16.0 0.5 0.0 1.4 18 15 Foreign 4.4 7.4 2.9 0.1 14.6 15 19 Ending Stocks World 17.0 28.8 6.1 0.2 16.3 24 10 U.S. 40.9 69.5 1.5 0.1 4.9 15 19 Foreign 16.6 28.2 5.2 0.5 16.1 25 9 1/ Marketing years 1981/82 through 2014/15 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the ma rketing year for 1981/82 through 2013/14, and for 2014/15 last month's estimate. 2/ Includes corn, sorghum , barley, oats, rye, millet, and mixed grain. July 2015 WASDE - 543 - 37 Reliability of United States July Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final CORN Percent Million Bushels Production 11.7 19.8 597 12 2,190 18 16 Exports 28.6 48.6 292 0 900 13 19 Domestic Use 5.2 8.8 287 10 770 22 12 Ending Stocks 50.9 86.4 489 11 1,840 14 20 SORGHUM Production 18.8 31.9 71 3 213 17 17 Exports 38.5 65.3 45 0 170 16 17 Domestic Use 27.3 46.3 50 3 139 13 21 Ending Stocks 68.0 115.5 50 0 174 11 22 BARLEY Production 8.1 13.8 22 0 87 11 22 Exports 59.4 100.9 15 0 92 20 13 Domestic Use 10.5 17.8 27 0 87 14 19 Ending Stocks 23.3 39.5 28 0 114 13 20 OATS Production 12.5 21.2 21 0 144 5 28 Exports 102.3 173.6 1088 1 2 Domestic Use 6.6 11.3 17 0 67 11 21 Ending Stocks 22.9 38.8 15 2 68 15 19 SOYBEAN MEAL Thousand Short Tons Production 5.5 9.3 1,300 118 4,432 24 10 Exports 16.1 27.3 944 81 2,450 20 14 Domestic Use 5.9 10.0 973 76 4,470 16 18 Ending Stocks 42.5 72.0 54 0 413 10 16 SOYBEAN OIL Million Pounds Production 5.2 8.8 635 81 2,130 24 10 Exports 35.9 61.0 441 0 1,575 19 14 Domestic Use 4.4 7.5 467 0 2,300 19 14 Ending Stocks 41.4 70.2 492 15 1,568 17 17 ANIMAL PROD. 3/ Million Pounds Beef 4.3 7.3 844 83 2,677 15 6 Pork 3.1 5.4 461 39 1,372 11 10 Broilers 2.4 4.1 697 184 1,338 9 12 Turkeys 4.1 7.1 172 2 468 10 11 Million Dozen Eggs 1.5 2.7 87 4 266 14 7 Billion Pounds Milk 1.7 2.8 2.2 0.0 7.0 13 7 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2014/15 for grains, soybeans, and cotton. Final for grai ns, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2013/14, and for 2014/15 last month's estimate. Calendar years 1983 through 2014 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1983-2014. WASDE-543-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at http://www.fas.usda.gov/psd/online . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric-Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 . UNITED STATES DEPARTMENT OF AGRICULTURE WORLD AGRICULTURAL OUTLOOK BOARD WASHINGTON, D.C. 20250-3812 ___________________ OFFICIAL BUSINESS Penalty for Private Use, $300 FIRST-CLASS MAIL POSTAGE & FEES PAID USDA PERMIT NO. G-289 World Agricultural Supply and Demand Estimates WASDE-543 – July 10, 2015 Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e-mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu . Select the “Reports by E-Mail” bar to sign up. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250-9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

O C W W s m A r d w p r N G p E f a 1 0 o f t m C i b a b S U m p G b l m r u ISSN: 1554-9 Office of the Chief Econo m WASDE - 5 5 WHEAT: P supplies ar e million bus h Annual Su m reflecting t h disappeara wheat parti production raised $0.1 NASS pric e Global wh e production EU is parti a for Australi a and yields a 1.0-million- t 0.5-million- t offset by a for 2016/1 7 the EU. W i million ton s COARSE G ncreased e billion bus h an increas e bushels, a s September U.S. expor t million bus h producers i Grain sorg h bushel per ower harv e million bus h report. Gr a up 5 cents o 089 mist 58 Projected U e more tha hels based mmary . Fe he Septem b nce. Expo cularly in N and qualit y 0 per bush es to date. eat supplie s decrease a ally offset b a. The Au s are project e ton increa s ton increa s 1.0-million - 7 is down 1 ith total su p s but remai n GRAINS: T exports, re d hels, down 3 e in harves t s a lower c r 30 Grain S t commitm e hels. The p s raised 5 c hum produ c acre incre a ested area, hels and o a ain sorghu m on both en W an Agri Farm Approve d .S. ending n offset by on the lat e ed and re s ber 1 stoc k rts are rai s North Afric a y problems . el at the m s for 2016/ 1 and lower b y a 1.0-mil stralia incr e ed to be re se for Aust r ses each f o -ton decre a .0 million t o pplies decli n record la r This month ’ duced stoc k 36 million f ted area. C rop more t h Stocks repo ents that a r projected r a cents on b o ction is for e ase in yield with the l a at producti o m prices in ds of the r a World nd D icultural Ma r m Service A g d by the Wo r stocks for 2 lower proj e est estimat e sidual use i s ks that indi c sed 25 milli o a where the . The mar k idpoint to a 17 are low e beginning s lion-ton in c ease is attri cord high. ralia, a 0.7 - or Canada a ase for the ons led by r ning more rge. ’s 2016/17 ks, and hig from last m Corn suppl i han offsets ort. Export s re well abo v ange for th e oth ends t o ecast 22 m i to a recor d argest redu c on is down 2016/17 a r ange. d Agr ema rketing Ser v gency rld Agricultu 2016/17 a r ected use. e from the N s reduced 7 cated lowe r on bushel s EU has lo keting year a range of $ ered 1.6 mi stocks. A 2 crease for C buted to c o Global ex p -million-ton and Ukrain e EU on the reductions than use, w U.S. corn o her prices. onth as a l o ies for 201 6 a small in c s are raise d ve a year a e season- a o $2.95 to $ illion bush e d 77.2 bus h ction in Te x 12 million b re projecte dricult nd E vice ral Outlook re raised 3 8 Productio n NASS Sep 70 million b r-than-exp e s on increa s st some m a average p $3.50 to $ 3 llion tons o .0-million-t o Canada an d ontinued e x ports are r a increase f o e. Global e projected s in feed us e world endi n outlook is f Corn pro d ower forec a 6/17 are d o crease in b e d 50 millio n ago. Corn e average co r $3.55 per b els below l a hels per a c xas. Barle y bushels b a d to avera gtural Estim Economi c Foreign A Board 8 million b u n for 2016 / tember 30 bushels to 2 ected June - sed compe arket shar e rice receiv e 3.90 on hig h on a 0.4-mi l on product d a 0.8-mil xcellent gr o aised 1.9 m or the Unit e export gai n supply red u e for the U n ng stocks a for lower p r duction is f o ast yield m own slightl y eginning s t n bushels, r ending sto c rn price re c bushel. ast month, cre is more y producti o ased on th e ge $2.80 to Sup mates c Research S Agricultural S October ushels as r e /17 is lowe r Small Gra i 260 million -August titiveness o e because o ed by prod her-than-e x llion-ton ion declin e lion-ton in c owing cond million tons ed States, ns are parti a uction. Gl o nited State s are reduce d roduction, orecast at ore than o f y to 16.845 tocks base d reflecting c cks are do w ceived by as a forec a than offse t on is raised e Small Gr a $3.40 per ply s Service Service 12, 2016 educed red 11 ins of U.S. of lower ucers is xpected e for the crease itions, led by a and ally obal use s and d 0.7 15.057 ffsets billion d on the current wn 63 ast 1.5- t by 10 ains bushel, WASDE-558-2 Global coarse grain production for 2016/17 is forecast down 5.0 million tons to 1,314.8 million. This month’s 2016/17 fo reign coarse grain outlook is for lower production, higher consumption, increased trade , and lower stocks relative to last month. Brazil corn production is raised on higher area, bas ed on the latest Companhia Nacional de Abastecimento (CONAB) report indicating a foreca st level of first cr op corn area above prior expectations. Corn and barley production are lowered for the EU, while domestic feed demand and competitive world corn prices underpin larger projec ted imports. Russia ba rley production is down based on the la test government harvest reports. Corn exports are raised for Braz il and Argentina, with larger projected supplies in the former and an expected increase in the relative comp etitiveness of both co untries for the local marketing year that begins March 2017. Other la rge month-to-month increases in corn imports are forecast for Iran, Vietnam, and Mexico. Foreig n corn ending stocks for 2016/17 are lowered 1.0 millio n tons, with the largest st ock declines in Argentin a and Ukraine. Global corn stocks are pr ojected 2.7 m illion tons lower to 216 .8 million, but are still record high. RICE: The 2016/17 U.S. rice crop is reduced 1.1 million cwt to 23 6.0 million on lower yields. The average yield forecast is lo wered 37 pounds per ac re to 7,532. A re duction in Arkansas is partially offset by increases in California, Mississippi, and Texas. The long-grain crop is reduced 0.9 million cwt to 177.0 million but still the largest since the 2010/11 record. Medium- and short-grain production is lowered 0.3 million cwt to 59.0 million. Total rice exports are down 3.0 million cwt to 112.0 million reflecting a slow export pa ce to date and increased international co mpetition. Ending stoc ks are raised 1.9 millio n cwt to 61.0 million, the largest since 1985/86. The all rice season-average farm pric e is unchanged at a range of $10.20 to $11.20 per cwt. Global rice supplies for 2016/17 ar e raised 4.5 million tons on higher beginning stocks and production. Production is increased 1.5 million tons to 483.3 million and remains record large. Thailand production for 20 16/17 is raised 1.6 million tons on beneficial precipitation and good reservoir recharge for irrigation, which led to in creased dry-season rice area. Egypt and Australia production ar e raised 0.6 million tons and 0. 2 million tons, respectively. However, these increases are partially offset by a 0.5-million-ton redu ction for Br azil and a 0.3-million-ton reduction for Sri L anka. Global exports for 2016/17 are rais ed 0.3 million tons and global consumption for 2016/17 is lowered 0.6 million tons. Wi th total supplies rising and total use declining, world ending stocks are raised 5.1 million tons to 120.7 million. OILSEEDS: U.S. oilseed production for 2016/17 is projected at 126.2 million tons, up 1.9 million from last mo nth with increased soybean, canola, and sunflowerseed production partly offset with lower cottonseed and peanuts. Soybean production is forecast at 4,269 million bushels, up 68 million mainly on higher yields. The soybean yield is projected at 51.4 bushels per acre, up 0.8 bushe ls from the September fore cast. Soybean supplies for 2016/17 are projected 70 million bushels above last month with slightly higher beginning stocks adding to hi gher production. U.S. soybean exports fo r 2016/17 are projected at 2,025 million bushels, up 40 million with increased supplies. An offsetti ng reduction is foreca st for Argentina soy bean exports. With soybean crush unchanged, ending stocks for 2016/17 ar e projected at 39 5 million bushels, up 30 million from last month. The soybean price is projecte d at $8.30 to $9.80 per bushel, WASDE-558-3 unchanged from last month. So ybean meal and soybean oil price projections are also unchanged at $300 to $340 per short ton an d 30.5 to 33.5 cents per pound, respectively. Global oilseed production for 2016/ 17 is projected at 548.1 m illion tons, up 3.6 million from last month mainly on higher so ybean production. Global soybean production is projected at a record 333.2 million t ons, up 2.8 million with higher forecasts for th e United States, Brazil, and Canada partly offset by a reduction for Russia. Brazil soybean produc tion is projected at a record 102.0 million t ons on higher area reflecting the most recent CONAB survey. The soybean crop in Canada is raised on higher expec ted area and yields. The soybean crop in Russia is projected lower on the most recent harvest results. Ra peseed production for Canada is projected at 18.5 m illion tons, up 0.5 million based on the most recent analysis from Statistics Canada. Ra peseed production is also increa sed for Australia on higher expected yields. Other oilseed production changes include highe r sunflowerseed production for Turkey, higher cottons eed production fo r Australia, and lower cott onseed production for Brazil. Malaysia palm oil produc tion is reduced for 201 5/16 based on final production data, and for 2016/17 with the impa ct of reduced rainfall cont inuing to affect yields. With increased global beginni ng stocks and pr oduction, 2016/17 oilseed supplies are projected 1 percent higher than last month. With crush mostly unc hanged, global oilseed stocks for 2016/17 are projected at 88.1 million tons, up 5.3 million mainly on higher soybean stocks in the United States, Brazil, Argentina, and China. SUGAR: The projection of beet sugar production from the 2016 s ugarbeet crop is increased by 80,000 short tons, raw va lue (STRV) due to higher crop yields reported in the NASS October Crop Production that are only partially offset by r educed harvested area. Fiscal year 2016/17 beet sugar production is further increased by 100,000 STRV and 2015/16 is reduced by the same amount d ue to slower-than-antic ipated harvesting in Minnesota and North Dakota, shifting beet sugar production expected in September into the ne xt fiscal year. Beet sugar production for 2 016/17 is therefore proj ected at 5.468 million ST RV, an increase of 180,000 over last mont h. Florida cane suga r production for 2016/1 7 is reduced 25,100 STRV based on reduced su garcane harvested area forecast by NASS. Cane sugar production in Louisiana for 20 15/16 is increased 15 ,542 STRV based on estimated production occu rring in September, but is reduce d in Hawaii by 10,000 based on a lower production pace-to-date than expected. Imports for 2015/16 are reduced by 40,756 STRV. The raw sugar tariff-rate quota shortfall is increased by 35,069 STRV to 125,057 based on full fiscal year data reported by U.S. Customs and Border Protection (Customs). Impo rts from calendar-year Free Trade Agreement quotas are reduc ed by 30,603 STRV for 2015/16 but with that portion totaling 26,656 attributable to Colombia now expected to enter in the first quarter of 2016/17. Re- export imports are increased 20 ,916 STRV based on Customs reporting. Imports from Mexico are increased by 3, 000 STRV and high-ti er tariff import s by 1,000. Based on 2015/16 pace-to-date, deliveries for human consumpt ion are reduced by 50,000 STRV to 11.950 million and deliveries of re-export import sugar for food product exports are increased by 20,000 to 150,000 . Deliveries for human consum ption in 2016/17 are reduced by 30,000 STRV to 12 .050 million in line with the downward adjustment for 2015/16. Ending WASDE-558-4 stocks for 2016/17 are projected residually at 1.762 million STRV, impl ying an ending stocks- to-use ratio of 14.4 percent. Mexico exports to the United States for 2015/1 6 are increased 2,567 me tric tons (MT) based on U.S. import data. Pr oduction for 2016/17 is increased 200,000 MT to 6.300 million based on direct-source informat ion gathered by USDA’s Foreign Agricultural Se rvice post in Mexico City. The ending stock total for 2016/17 is unchanged at 1.248 m illion MT, an amount projected to meet suga r supply requirements of domestic consumption and exports to the U.S. market for the first three months of the following marketing year. Exports for 2016/17 to non-U.S. destinations are projected residua lly at 421,396 MT. LIVESTOCK, POULTRY, AND DAIRY: The forecast for total red meat and poultry production for 2 016 is reduced from last month as slightly higher beef and pork production is more than offset by lower broile r production. No chang e is made to turkey production. Beef production is raised on high er expected slaughter although carcass weights are reduced slightly. Pork production for 2016 is raised on the pac e of third quarter sl aughter. Broiler production is lowered as recent production data points towards continued slow growth in bird weights. For 2017, the total red meat and poul try product forecast wa s raised, primarily due to higher pork produc tion. Beef producti on is raised based on ex pectations of higher first- quarter slaughter, but the broiler production forecast was lowere d on more mode rate growth in production continuing from 20 16. The turkey production fo recast was unchanged. Egg production forecasts for 2016 or 2017 were ra ised on continued growth in table-egg laying flocks. Beef import and export forecasts for 2016 and 2017 were raised as slightly larger supplies of beef in a number of ex porting countries support higher impor ts and lower U.S. beef prices make the United States more competitive in wo rld markets. The pork export forecast for 2017 is raised on expectations of higher sales to Asia . Broiler and turkey export forecasts are unchanged for 2016 and 2017. Cattle, hog, broiler, and turkey pr ices for the last quarter of 20 16 are reduced fr om last month as supplies of product are large. For 2017, the continued large supplies of beef, pork, and broiler meat are expected to pressure prices th rough the year. Egg pr ices are also reduced for both 20 16 and 2017. The milk production forecasts for 2016 and 2017 are raised from last month as the cow inventory has grown more rapi dly than previously expected. The higher cow inventories appear to reflect growth in herds supplying expanding dair y product facilities. Import forecasts for 2016 and 2017 are raised on hi gher expected imports of butter and several other dairy products. Exports are forecast higher as increases in Oceania prices and relatively low U.S. prices are expected to make the United States more competitive in world markets. Ending stocks are reduced as lower prices encour age increased demand from both export and domestic markets. Cheese and butter pric e forecasts for 2016 and 2017 have been lowered due to higher expected milk supplies. Howeve r, nonfat dry milk (NDM) and whey will likely benefit from increased competitiveness in expor t markets, and strong er exports will help support prices of those products. Thus, price forecasts for NDM and whey are raised from last month. Class III and Class IV prices ar e lowered from last month as lower cheese prices more than offset WASDE-558-5 the higher whey price in the Cla ss III calculation and the lower butter price outweighs the NDM price increase in the calculation of the Class IV price. All milk prices are forecast lower at $15.80 to $15.90 per cwt for 2016 and $15.55 to $16.45 per cwt for 2017. COTTON: The 2016/17 U.S. cotton supply and de mand estimates show marginally lower production, larger export s, and lower ending stoc ks relative to last month. Production is reduced 108,000 bales, mainly in Texas. Domestic mill use is unchanged from last month, but the export forecast is rais ed to 12.0 m illion bales, due mainly to higher world import demand. Ending stocks ar e now projected at 4.3 million bal es. The resulting stocks-to-use ratio of 28 percent is slightly below last season, but is st ill above the preceding six seasons. The forecast range for the marketing year aver age farm price is 59 .0 to 69.0 cents per pound; the midpoint of 64.0 ce nts per pound is 1 cent abov e last month’s projection. The global cotton supply and de mand forecasts for 2016/17 in clude sharply lower beginning and ending stocks. Beginning stocks are reduced nearly 2.0 million bales, as consumption estimates for China are raised for 2014/15 and 2015/16. The sale of more than 12 million bales from China’s recently comp leted reserve auctions amid rising domestic prices suggests the China mill demand was previ ously underestima ted. Consumption is also raised for the previous two seasons in Banglades h based on revi sed data (see http://apps.fas.usda.gov/ps donline/circulars/cotton.pdf for more information). World 2016/17 production is raised for Austra lia, partially offset by decreas es for Brazil and the United States. Consumptio n is raised for China and Bangladesh, but is reduced for Uzbekistan. An increase of approximately 1.0 million bales in wo rld trade mainly reflec ts higher imports for India and Bangladesh, and higher exports for Au stralia, the United St ates, and the African Franc Zone, partially offset by lower exports for Brazil. World ending stocks are now projected at 87 .3 million bales. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Seth D. Meyer, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: MICHAEL T. SCUSE SECRETARY OF AGRICULTURE DESIGNATE N D E INTE Note: The W Demand Est i Estimates C o Wheat: Jennife r Rice: W Nathan Feed G r mjewiso n Oilsee d Mark A s Cotton:Darryl E Sugar: Michael Meat A n Sherry W Poultry Larry H a Dairy: S Roger C In 2 In 2 ApERAGE N World Agric u imates (WA ommittees ( William C r Bond, ER William Ch a Childs, E R rains: Mich [email protected] a ds: Keith M sh, ERS; B i Carol Sk e Earnest, A M Stephen H McConnel nimals: Sh Wise, AMS : Shayle S aller, AMS; Shayle Sh a Cryan, AM S 2016, the W 2017, the W pr. 11, May NCY C O ultural Outlo o SDE) repor t (ICECs) tha t hambers, I S; Teresa M ambers, IC E RS; Rachel hael Jewis o a.gov, Tom Menzie, IC E ill George, elly, ICEC C MS; Leslie M Haley, ICE C l, ERS; Ro hayle Sha g ; Mildred H Shagam, I C Sean Ra m agam, ICE C S; Jerry Ce s WASDE re p WASDE re p 10, Jun. 9, WA OMMODI ok Board re v t. The Boa r t prepare th e CEC Chai r McKeivier, EC Chair, W Trego, FA S on, Acting I Capehart, EC Chair, W FAS; Sus a Chair, WA O Meyer, ER S C Chair, W A n Lord, F A gam, ICEC Haley, ERS ; CEC Chai r, mos, ERS; C C Chair, W ssna, ERS ; port will be port will be Jul. 12, A u ASDE-558-6 TY EST views and a p rd’s analyst s e monthly r e r, WAOB, E FAS; Mar k WAOB, E-m S; Mark Si m CEC Chai r ERS; Yoo n WAOB, E-m an Prope r, F OB, E-mail : S; James J AOB, E-ma AS; Barbar a Chair, WA O ; Claire M e WAOB, E-m Claire Mez o AOB, E-ma ; Paul Kien released o released o ug. 10, Se p IMATE S approves th e s chair the I n eport. E-mail : wc h k Simone, F mail: wcha mone, FS A r, WAOB, E nhee Mac k mail: kmen z FSA. : cskelly @ ohnson, F A ail: shaley @ a Fecso, F S OB, E-mai l ezoughem, mail: ssh a oughem, F ail: sshag a ndl, FAS; M on Nov. 9, on Jan. 12, p. 12, Oct. 1 S COM M e World Agr i nteragency hambers@ FSA. mbers @o c A. E-mail : ke, FAS; S u [email protected] s @oce.usda. g AS; Sherri e @oce.usd a SA. l: sshaga m FAS; Dale agam@oce FAS; Milton [email protected] s Milton Madi s Dec. 9. Feb. 9, M a 12, Nov. 9, MITTEE S icultural Su p Commodity oce.usda. g ce.usda.g o usan Prop e sda.gov gov e Grimm, F a.gov [email protected] d Leuck, F S .usda.gov Madison, F sda.gov son, FSA. ar. 9, Dec. 12 S pply and gov ov er, FSA. SA. da.gov SA. FSA. WASDE-558-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................... 1 Interagency Commodity Estimates Committees ..................................................... 6 World & U.S. Supply & Use for Grains ................................................................... 8 World & U.S. Supply & Use for Cotton ................................................................... 9 World & U.S. Supply & Use for Oilseeds .............................................................. 10 U.S. Wheat Supply & Use .................................................................................... 11 U.S. Wheat Supply & Use by Class ..................................................................... 11 U.S. Feed Grain & Corn Supply & Use ................................................................ 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13 U.S. Rice Supply & Use ....................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................ 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ............................................................................. 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use .................................................................................. 18 World Coarse Grains Supply & Use ..................................................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use ..................................................................................... 24 World Cotton Supply & Use ................................................................................. 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ..................................................................... 29 World Soybean Oil Supply & Use......................................................................... 30 U.S. Quarterly Animal Product Production ........................................................... 31 U.S. Quarterly Prices for Animal Products ........................................................... 31 U.S. Meats Supply and Use ................................................................................. 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use .................................................................................... 33 U.S. Dairy Prices ................................................................................................. 34 Reliability Tables ................................................................................................. 35 Related USDA Reports ........................................................................................ 38 Metric Conversion Factors ................................................................................... 38 Electronic Access and Subscriptions ....................................................................... 40 October 2016 WASDE - 558 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Outpu tTotal SupplyTrade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2014/15 2513.38 3033.00 393.68 2456.23 576.78 2015/16 (Est.) 2454.90 3031.68 375.17 2430.06 601.62 filler filler filler filler filler 2016/17 (Proj.) Sep 2546.32 3144.93 392.51 2526.95 617.98 2016/17 (Proj.) Oct 2542.49 3144.10 397.63 2525.77 618.33 filler filler filler filler filler Wheat 2014/15 728.25 922.22 164.42 706.14 216.08 2015/16 (Est.) 735.02 951.10 172.00 711.44 239.66 filler filler filler filler filler 2016/17 (Proj.) Sep 744.85 985.74 172.80 736.68 249.07 2016/17 (Proj.) Oct 744.44 984.10 174.68 735.73 248.37 filler filler filler filler filler Coarse Grains 5/ 2014/15 1306.39 1518.05 185.68 1271.96 246.09 2015/16 (Est.) 1247.79 1493.88 163.09 1247.52 246.36 filler filler filler filler filler 2016/17 (Proj.) Sep 1319.74 1564.79 178.77 1311.47 253.31 2016/17 (Proj.) Oct 1314.79 1561.15 181.73 1311.88 249.26 filler filler filler filler filler Rice, milled 2014/15 478.74 592.73 43.58 478.13 114.61 2015/16 (Est.) 472.09 586.70 40.09 471.10 115.60 filler filler filler filler filler 2016/17 (Proj.) Sep 481.73 594.41 40.94 478.80 115.60 2016/17 (Proj.) Oct 483.26 598.86 41.22 478.16 120.70 filler filler filler filler filler United States Outpu tTotal Supply Trade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2014/15 439.49 499.23 83.28 346.98 68.98 2015/16 (Est.) 429.21 505.96 81.59 348.21 76.16 filler filler filler filler filler 2016/17 (Proj.) Sep 472.03 555.14 91.47 367.08 96.60 2016/17 (Proj.) Oct 470.30 554.12 93.21 365.09 95.82 filler filler filler filler filler Wheat 2014/15 55.15 75.33 23.52 31.33 20.48 2015/16 (Est.) 56.12 79.67 21.09 32.02 26.55 filler filler filler filler filler 2016/17 (Proj.) Sep 63.16 92.99 25.86 37.20 29.93 2016/17 (Proj.) Oct 62.86 92.82 26.54 35.30 30.98 filler filler filler filler filler Coarse Grains 5/ 2014/15 377.23 414.99 56.70 311.34 46.95 2015/16 (Est.) 366.99 417.87 57.07 312.67 48.13 filler filler filler filler filler 2016/17 (Proj.) Sep 401.34 452.39 61.96 325.65 64.79 2016/17 (Proj.) Oct 399.95 451.59 63.12 325.57 62.90 filler filler filler filler filler Rice, milled 2014/15 7.11 8.91 3.06 4.30 1.55 2015/16 (Est.) 6.11 8.43 3.42 3.53 1.48 filler filler filler filler filler 2016/17 (Proj.) Sep 7.53 9.75 3.65 4.22 1.88 2016/17 (Proj.) Oct 7.49 9.72 3.56 4.22 1.94 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). October 2016 WASDE - 558 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Outpu tTotal Supply Trade 2 /Total UseEnding Stocks Total Grains 4/ 2014/15 2,073.89 2,533.78 310.40 2,109.25 507.80 2015/16 (Est.) 2,025.69 2,525.72 293.59 2,081.85 525.46 filler filler filler filler filler 2016/17 (Proj.) Sep 2,074.29 2,589.80 301.04 2,159.87 521.39 2016/17 (Proj.) Oct 2,072.19 2,589.98 304.42 2,160.68 522.52 filler filler filler filler filler Wheat 2014/15 673.11 846.89 140.90 674.80 195.60 2015/16 (Est.) 678.90 871.43 150.90 679.42 213.11 filler filler filler filler filler 2016/17 (Proj.) Sep 681.69 892.75 146.95 699.47 219.13 2016/17 (Proj.) Oct 681.58 891.28 148.15 700.43 217.39 filler filler filler filler filler Coarse Grains 5/ 2014/15 929.16 1,103.07 128.98 960.62 199.15 2015/16 (Est.) 880.80 1,076.02 106.02 934.86 198.23 filler filler filler filler filler 2016/17 (Proj.) Sep 918.40 1,112.39 116.81 985.82 188.53 2016/17 (Proj.) Oct 914.84 1,109.55 118.61 986.31 186.36 filler filler filler filler filler Rice, milled 2014/15 471.63 583.82 40.52 473.83 113.05 2015/16 (Est.) 465.99 578.27 36.67 467.57 114.12 filler filler filler filler filler 2016/17 (Proj.) Sep 474.20 584.66 37.29 474.58 113.73 2016/17 (Proj.) Oct 475.77 589.14 37.67 473.93 118.77 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales Outpu tTotal Supply Trade 2 /Total Use 3 /Ending Stocks World 2014/15 119.10 222.41 35.31 111.13 111.54 2015/16 (Est.) 96.32 207.86 35.11 111.31 96.60 filler filler filler filler filler 2016/17 (Proj.) Sep 102.47 201.02 33.91 111.23 89.81 2016/17 (Proj.) Oct 102.69 199.29 34.87 112.03 87.35 filler filler filler filler filler United States 2014/15 16.32 18.68 11.25 3.58 3.65 2015/16 (Est.) 12.89 16.57 9.15 3.45 3.80 filler filler filler filler filler 2016/17 (Proj.) Sep 16.14 19.95 11.50 3.50 4.90 2016/17 (Proj.) Oct 16.03 19.84 12.00 3.50 4.30 filler filler filler filler filler Foreign 4/ 2014/15 102.78 203.73 24.07 107.56 107.89 2015/16 (Est.) 83.43 191.29 25.96 107.86 92.80 filler filler filler filler filler 2016/17 (Proj.) Sep 86.33 181.07 22.41 107.73 84.91 2016/17 (Proj.) Oct 86.66 179.45 22.87 108.53 83.05 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. October 2016 WASDE - 558 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Outpu tTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2014/15 536.84 614.50 147.05 439.25 93.37 2015/16 (Est.) 520.42 613.80 153.37 447.32 86.95 filler filler filler filler filler 2016/17 (Proj.) Sep 544.47 628.74 158.24 463.90 82.81 2016/17 (Proj.) Oct 548.10 635.05 159.24 463.86 88.13 filler filler filler filler filler Oilmeals 2014/15 299.49 313.29 85.46 294.21 15.36 2015/16 (Est.) 306.46 321.82 87.28 305.15 14.09 filler filler filler filler filler 2016/17 (Proj.) Sep 318.30 332.96 92.33 316.10 13.60 2016/17 (Proj.) Oct 318.20 332.29 92.24 316.49 12.32 filler filler filler filler filler Vegetable Oils 2014/15 177.06 200.29 76.57 171.50 22.90 2015/16 (Est.) 176.73 199.63 74.77 177.83 19.05 filler filler filler filler filler 2016/17 (Proj.) Sep 186.87 206.47 78.81 184.10 18.39 2016/17 (Proj.) Oct 185.85 204.89 78.65 183.42 18.04 filler filler filler filler filler United States Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2014/15 116.03 121.83 51.12 55.11 6.76 2015/16 (Est.) 115.88 123.76 53.79 55.08 6.88 filler filler filler filler filler 2016/17 (Proj.) Sep 124.26 132.52 55.15 57.43 11.52 2016/17 (Proj.) Oct 126.16 134.64 56.28 57.58 12.32 filler filler filler filler filler Oilmeals 2014/15 43.27 47.44 12.15 35.00 0.29 2015/16 (Est.) 42.86 47.22 11.09 35.79 0.34 filler filler filler filler filler 2016/17 (Proj.) Sep 44.54 48.90 11.49 37.07 0.34 2016/17 (Proj.) Oct 44.61 48.97 11.49 37.14 0.34 filler filler filler filler filler Vegetable Oils 2014/15 10.94 16.14 1.17 13.75 1.21 2015/16 (Est.) 11.21 16.91 1.25 14.47 1.20 filler filler filler filler filler 2016/17 (Proj.) Sep 11.56 17.24 1.30 14.80 1.14 2016/17 (Proj.) Oct 11.61 17.25 1.28 14.82 1.15 filler filler filler filler filler Foreign 3/ OutputTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2014/15 420.81 492.67 95.93 384.14 86.62 2015/16 (Est.) 404.54 490.04 99.59 392.24 80.08 filler filler filler filler filler 2016/17 (Proj.) Sep 420.21 496.22 103.10 406.47 71.29 2016/17 (Proj.) Oct 421.94 500.41 102.96 406.28 75.81 filler filler filler filler filler Oilmeals 2014/15 256.22 265.86 73.31 259.21 15.07 2015/16 (Est.) 263.61 274.61 76.20 269.36 13.75 filler filler filler filler filler 2016/17 (Proj.) Sep 273.75 284.07 80.84 279.03 13.26 2016/17 (Proj.) Oct 273.60 283.32 80.75 279.35 11.98 filler filler filler filler filler Vegetable Oils 2014/15 166.12 184.15 75.40 157.74 21.69 2015/16 (Est.) 165.52 182.72 73.52 163.37 17.84 filler filler filler filler filler 2016/17 (Proj.) Sep 175.31 189.23 77.51 169.30 17.25 2016/17 (Proj.) Oct 174.24 187.64 77.37 168.60 16.89 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. October 2016 WASDE - 558 - 11 U.S. Wheat Supply and Use 1/ 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Sep Oct Million Acres Area Planted 56.8 55.0 50.8 50.2 Area Harvested 46.4 47.3 44.1 43.9 Bushels Yield per Harvested Acre 43.7 43.6 52.6 52.6 Million Bushels Beginning Stocks 590 752 981 976 Production 2,026 2,062 2,321 2,310 Imports 151 113 115 125 Supply, Total 2,768 2,927 3,417 3,410 Food 958 957 968 968 Seed 79 67 69 69 Feed and Residual 114 152 330 260 Domestic, Total 1,151 1,176 1,367 1,297 Exports 864 775 950 975 Use, Total 2,015 1,952 2,317 2,272 Ending Stocks 752 976 1,100 1,138 Avg. Farm Price ($/bu) 2/ 5.99 4.89 3.30 - 3.90 3.50 - 3.90 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winte rHard Red SpringSoft Red Winte r White Durum Total Millio n Bushel s 2015/16 (Est.) Beginning Stocks 294 212 154 67 26 752 Production 830 568 359 221 84 2,062 Supply, Total 3/ 1,130 828 531 294 143 2,927 Domestic Use 458 304 255 73 86 1,176 Exports 226 252 120 147 29 775 Use, Total 685 556 375 220 116 1,952 Ending Stocks, Total 446 272 157 74 28 976 2016/17 (Proj.) Beginning Stocks 446 272 157 74 28 976 Production 1,082 493 345 286 104 2,310 Supply, Total 3/ 1,532 809 532 367 170 3,410 Domestic Use 546 312 249 102 88 1,297 Exports 385 290 95 170 35 975 Use, Total 931 602 344 272 123 2,272 Ending Stocks, Total Oct 601 207 188 95 47 1,138 Ending Stocks, Total Sep 548 248 170 103 32 1,100 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing-year weighted average price received by farmers. 3/ Includes imports. October 2016 WASDE - 558 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Sep Oct Million Acres Area Planted 103.5 103.2 107.4 107.1 Area Harvested 93.1 93.0 96.7 96.4 Metric Tons Yield per Harvested Acre 4.05 3.94 4.15 4.14 Million Metric Tons Beginning Stocks 34.3 46.9 47.5 48.1 Production 377.1 366.7 401.0 399.6 Imports 3.2 3.7 3.3 3.3 Supply, Total 414.6 417.3 451.8 451.0 Feed and Residual 139.3 137.2 148.6 148.6 Food, Seed & Industrial 171.6 175.0 176.6 176.4 Domestic, Total 310.9 312.1 325.1 325.0 Exports 56.7 57.1 62.0 63.1 Use, Total 367.6 369.2 387.1 388.1 Ending Stocks 46.9 48.1 64.8 62.9 CORN 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Septembe r Octobe r Million Acres Area Planted 90.6 88.0 94.1 94.5 Area Harvested 83.1 80.7 86.6 86.8 Bushels Yield per Harvested Acre 171.0 168.4 174.4 173.4 Million Bushels Beginning Stocks 1,232 1,731 1,716 1,738 Production 14,216 13,601 15,093 15,057 Imports 32 67 50 50 Supply, Total 15,479 15,400 16,859 16,845 Feed and Residual 5,314 5,192 5,650 5,650 Food, Seed & Industrial 2/ 6,567 6,573 6,650 6,650 Ethanol & by-products 3/ 5,200 5,206 5,275 5,275 Domestic, Total 11,881 11,764 12,300 12,300 Exports 1,867 1,898 2,175 2,225 Use, Total 13,748 13,662 14,475 14,525 Ending Stocks 1,731 1,738 2,384 2,320 Avg. Farm Price ($/bu) 4/ 3.70 3.61 2.90 - 3.50 2.95 - 3.55 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access th e data on the Web through the Feed Grains Database at www.ers.usda.gov/data-products/feed-grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average pric e received by farmers. October 2016 WASDE - 558 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Sep Oct Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 7.1 8.5 7.2 6.8 Area Harvested (mil. acres) 6.4 7.9 6.5 6.0 Yield (bushels/acre) 67.6 76.0 75.7 77.2 Beginning Stocks 34 18 35 37 Production 433 597 488 467 Imports 0511 Supply, Total 467 620 525 504 Feed and Residual 82 103 95 90 Food, Seed & Industrial 15 142 125 120 Total Domestic 97 245 220 210 Exports 352 339 250 250 Use, Total 449 583 470 460 Ending Stocks 18 37 55 44 Avg. Farm Price ($/bu) 2/ 4.03 3.31 2.75 - 3.35 2.80 - 3.40 Filler Filler Filler Filler Filler BARLEY 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Septembe r Octobe r Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.0 3.6 3.0 3.1 Area Harvested (mil. acres) 2.5 3.2 2.6 2.6 Yield (bushels/acre) 72.7 69.1 73.6 77.9 Beginning Stocks 82 79 102 102 Production 182 218 190 199 Imports 24 19 20 20 Supply, Total 287 315 312 321 Feed and Residual 43 50 50 60 Food, Seed & Industrial 151 153 153 153 Total Domestic 194 202 203 213 Exports 14 11 15 10 Use, Total 209 213 218 223 Ending Stocks 79 102 94 98 Avg. Farm Price ($/bu) 2/ 5.30 5.52 4.55 - 5.35 4.50 - 5.30 Filler Filler Filler Filler Filler OATS 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Septembe r Octobe r Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.8 3.1 3.0 2.8 Area Harvested (mil. acres) 1.0 1.3 1.2 1.0 Yield (bushels/acre) 67.9 70.2 66.0 66.0 Beginning Stocks 25 54 57 57 Production 70 90 77 65 Imports 1 0 98 69 09 0 Supply, Total 204 229 224 212 Feed and Residual 71 93 90 85 Food, Seed & Industrial 77 77 78 78 Total Domestic 148 170 168 163 Exports 2222 Use, Total 150 172 170 165 Ending Stocks 54 57 54 47 Avg. Farm Price ($/bu) 2/ 3.21 2.12 1.55 - 1.95 1.60 - 2.00 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. October 2016 WASDE - 558 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Sep Oct Million Acres Area Planted 2.95 2.61 3.18 3.18 Area Harvested 2.93 2.58 3.13 3.13 Filler Pounds Yield per Harvested Acre 7,576 7,470 7,569 7,532 Million Hundredweight Beginning Stocks 2/ 31.8 48.5 46.5 46.5 Production 222.2 192.3 237.1 236.0 Imports 24.6 24.1 23.5 23.5 Supply, Total 278.7 265.0 307.1 306.0 Domestic & Residual 3/ 134.4 110.8 133.0 133.0 Exports, Total 4/ 95.7 107.7 115.0 112.0 Rough 31.8 38.2 39.0 40.0 Milled (rough equiv.) 63.9 69.6 76.0 72.0 Use, Total 230.2 218.5 248.0 245.0 Ending Stocks 48.5 46.5 59.1 61.0 Avg. Milling Yield (%) 5/ 70.50 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 13.40 12.20 10.20 - 11.20 10.20 - 11.20 Total LONG-GRAIN RICE 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Septembe r Octobe r Harvested Acres (mil.) 2.20 1.84 Yield (pounds/acre) 7,407 7,218 Beginning Stocks 16.2 26.5 22.7 22.7 Production 162.7 133.0 177.9 177.0 Supply, Total 7/ 200.6 180.4 221.1 220.2 Domestic & Residual 3/ 106.2 81.1 103.0 103.0 Exports 8/ 68.0 76.5 81.0 79.0 Use, Total 174.2 157.7 184.0 182.0 Ending Stocks 26.5 22.7 37.1 38.2 Avg. Farm Price ($/cwt) 6/ 11.90 11.10 9.20 - 10.20 9.20 - 10.20 Filler Filler Filler Filler Filler MEDIUM & SHORT-GRAIN RICE 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Septembe r Octobe r Harvested Acres (mil.) 0.74 0.73 Yield (pounds/acre) 8,080 8,103 Beginning Stocks 13.3 20.2 20.9 20.9 Production 59.6 59.3 59.3 59.0 Supply, Total 7/ 76.1 81.8 83.1 82.9 Domestic & Residual 3/ 28.3 29.6 30.0 30.0 Exports 8/ 27.7 31.2 34.0 33.0 Use, Total 56.0 60.9 64.0 63.0 Ending Stocks 20.2 20.9 19.1 19.9 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 18.30 15.50 13.00 - 14.00 13.00 - 14.00 California 10/ 21.60 18.10 14.50 - 15.50 14.50 - 15.50 Other States 1/ 14.40 11.30 9.70 - 10.70 9.50 - 10.50 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2014/15-1.9; 2015/16-2.9; 2016/17-2.9. 3/ Residual includes un reported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. The 2014/15 and 2015/16 milling yield is based on the Farm Service Agenc y (FSA) warehouse stored loan data for long, medium, and short grain rice. The 2016/17 milling yield is calculated using the previous five-year Olympic average-- 2011/12-2015/16. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain seasonaverage- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.65 per cwt from 2008/09-2013/14, with a high of $3.50 per cwt in 2008/0 9 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. October 2016 WASDE - 558 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Sep Oct Filler Filler Filler Filler Filler Million Acres Area Planted 83.3 82.7 83.7 83.7 Area Harvested 82.6 81.7 83.0 83.0 Filler Bushels Yield per Harvested Acre 47.5 48.0 50.6 51.4 Million Bushels Beginning Stocks 92 191 195 197 Production 3,927 3,926 4,201 4,269 Imports 33 24 30 30 Supply, Total 4,052 4,140 4,426 4,496 Crushings 1,873 1,886 1,950 1,950 Exports 1,842 1,936 1,985 2,025 Seed 96 97 95 95 Residual 50 24 31 31 Use, Total 3,862 3,943 4,061 4,101 Ending Stocks 191 197 365 395 Avg. Farm Price ($/bu) 2/ 10.10 8.95 8.30 - 9.80 8.30 - 9.80 Total SOYBEAN OIL 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Septembe r Octobe r Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,165 1,855 1,810 1,750 Production 4/ 21,399 21,960 22,525 22,525 Imports 264 285 250 250 Supply, Total 22,828 24,100 24,585 24,525 Domestic Disappearance 18,959 20,100 20,550 20,550 Biodiesel 3/ 5,039 5,600 5,950 5,950 Food, Feed & other Industrial 13,920 14,500 14,600 14,600 Exports 2,014 2,250 2,300 2,250 Use, Total 20,973 22,350 22,850 22,800 Ending stocks 1,855 1,750 1,735 1,725 Avg. Price (c/lb) 2/ 31.60 29.86 30.50 - 33.50 30.50 - 33.50 Total SOYBEAN MEAL 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Septembe r Octobe r Filler 1 2 3 4 Thousand Shor t Tons Beginning Stocks 250 260 300 300 Production 4/ 45,062 44,690 46,275 46,275 Imports 333 400 325 325 Supply, Total 45,645 45,350 46,900 46,900 Domestic Disappearance 32,277 33,200 34,300 34,300 Exports 13,108 11,850 12,300 12,300 Use, Total 45,384 45,050 46,600 46,600 Ending Stocks 260 300 300 300 Avg. Price ($/s.t.) 2/ 368.49 324.56 300.00 - 340.00 300.00 - 340.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by f armers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodi esel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 1,890 millio n bushels for 2015/16 and 1,950 million bushels for 2016/17. October 2016 WASDE - 558 - 16 U.S. Sugar Supply and Use 1/ 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Sep Oct Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 1,810 1,815 1,991 1,887 Production 2/ 8,656 8,907 9,272 9,427 Beet Sugar 4,893 5,024 5,288 5,468 Cane Sugar 3,763 3,883 3,984 3,959 Florida 1,981 2,173 2,133 2,108 Hawaii 146 155 40 40 Louisiana 1,513 1,439 1,676 1,676 Texas 123 116 135 135 Imports 3,553 3,364 2,652 2,678 TRQ 3/ 1,536 1,621 1,507 1,533 Other Program 4/ 471 396 125 125 Other 5/ 1,546 1,348 1,020 1,020 Mexico 1,532 1,332 1,005 1,005 Total Supply 14,019 14,087 13,916 13,992 Exports 1 8 57 52 52 5 Deliveries 12,019 12,125 12,235 12,205 Food 6/ 11,888 11,950 12,080 12,050 Other 7/ 131 175 155 155 Miscellaneous 0000 Total Use 12,204 12,200 12,260 12,230 Ending Stocks 1,815 1,887 1,656 1,762 Stocks to Use Ratio 14.9 15.5 13.5 14.4 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2015/16 and 2016/17 are based on Crop Production and processor projections where appropriate. 3/ For 2016/17, WTO raw sugar TRQ shortfall (99). For 2015/16, WTO raw sugar TR Q shortfall (125) 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ For 2014/15, other high-tier (15) and other (0). For 2015/16, other high-tier (16) and other (0). For 2016/17, other high-tier (15) and other (0). 6/Combines SMD deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar-containing products for reexport, and for nonedible alcohol, feed, and ethanol. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2015/16 Est. Sep 811 6,117 70 4,761 1,187 1,050 2015/16 Est. Oct 811 6,117 70 4,761 1,190 1,047 2016/17 Proj. Sep 1,050 6,100 10 4,828 1,084 1,248 2016/17 Proj. Oct 1,047 6,300 10 4,828 1,282 1,248 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): Oct-Sep 2014/15 = 1,444; Oct-Aug 14/15 = 1,320, Oct- Aug 2015/16 = 1,352 . Footnote source: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes domestic consumption, Mexico's products export program (IMMEX) , and any residual statistical discrepancies. IMMEX: 2015/16 (330 est), 2016/17 (330 proj). Statistical Adjustment: 2014/15 (-54), 2015/16 (0), 2016/17 (0). October 2016 WASDE - 558 - 17 U.S. Cotton Supply and Use 1/ 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Sep Oct Filler Filler Filler Filler Filler Area Million Acres Planted 11.04 8.58 10.15 10.15 Harvested 9.35 8.07 9.66 9.66 Filler Pounds Yield per Harvested Acre 838 766 802 797 Million 480 Pound Bales Beginning Stocks 2.35 3.65 3.80 3.80 Production 16.32 12.89 16.14 16.03 Imports 0.01 0.03 0.01 0.01 Supply, Total 18.68 16.57 19.95 19.84 Domestic Use 3.58 3.45 3.50 3.50 Exports, Total 11.25 9.15 11.50 12.00 Use, Total 14.82 12.60 15.00 15.50 Unaccounted 2/ 0.21 0.17 0.05 0.04 Ending Stocks 3.65 3.80 4.90 4.30 Avg. Farm Price 3/ 61.3 58.0 57.00 - 69.00 59.00 - 69.00 Total Note: Reliability calculations at end of report. 1/ Upland and ex tra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. October 2016 WASDE - 558 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 193.96 728.25 159.10 131.79 706.14 164.42 216.08 United States 16.07 55.15 4.12 3.09 31.33 23.52 20.48 Total Foreign 177.90 673.11 154.98 128.70 674.80 140.90 195.60 Major Exporters 4/ 27.39 224.18 6.66 62.87 147.32 81.47 29.44 Argentina 2 . 4 9 1 3 . 9 30 . 0 40 . 3 06 . 3 55 . 3 04 . 8 0 Australia 4.56 23.91 0.16 3.80 7.20 16.59 4.84 Canada 10.41 29.42 0.49 3.77 9.10 24.16 7.05 European Union 5/ 9.94 156.92 5.98 55.00 124.68 35.42 12.74 Major Importers 6/ 99.95 197.40 84.96 29.88 262.21 7.64 112.47 Brazil 1.89 6.00 5.37 0.30 10.70 1.69 0.87 China 65.27 126.21 1.93 16.00 116.50 0.80 76.11 Sel. Mideast 7/ 12.19 17.66 21.27 4.45 36.10 1.52 13.51 N. Africa 8/ 13.51 17.01 25.43 2.48 42.65 0.61 12.69 Pakistan 2.19 25.98 0.75 1.00 24.50 0.70 3.72 Southeast Asia 9/ 3.43 0.00 19.85 4.76 18.52 0.95 3.82 Selected Other India 17.83 95.85 0.05 4.50 93.12 3.41 17.20 FSU-12 15.62 112.74 7.68 24.65 75.86 40.21 19.97 Russia 5.18 59.08 0.33 13.00 35.50 22.80 6.29 Kazakhstan 1 . 9 9 1 3 . 0 00 . 6 02 . 0 06 . 8 05 . 5 43 . 2 5 Ukraine 3.67 24.75 0.03 4.00 12.00 11.27 5.18 2015/16 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 216.08 735.02 169.94 137.14 711.44 172.00 239.66 United States 20.48 56.12 3.07 4.13 32.02 21.09 26.55 Total Foreign 195.60 678.90 166.86 133.00 679.42 150.90 213.11 Major Exporters 4/ 29.44 223.41 7.56 67.53 152.19 81.91 26.30 Argentina 4 . 8 0 1 1 . 3 00 . 0 10 . 1 06 . 1 59 . 1 00 . 8 6 Australia 4.84 24.50 0.15 3.80 7.23 16.00 6.26 Canada 7.05 27.59 0.49 2.63 7.83 22.13 5.17 European Union 5/ 12.74 160.01 6.92 61.00 130.98 34.68 14.01 Major Importers 6/ 112.47 204.29 92.22 27.61 263.40 6.45 139.13 Brazil 0.87 5.54 6.75 0.50 10.50 1.06 1.60 China 76.11 130.19 3.48 10.50 112.00 0.73 97.04 Sel. Mideast 7/ 13.51 18.80 19.14 4.60 37.15 0.55 13.74 N. Africa 8/ 12.69 19.91 27.78 2.28 43.62 0.72 16.04 Pakistan 3.72 25.10 0.01 0.80 24.40 0.60 3.83 Southeast Asia 9/ 3.82 0.00 24.55 8.04 22.33 0.97 5.08 Selected Other India 17.20 86.53 0.47 4.20 88.64 1.06 14.50 FSU-12 19.97 117.72 7.37 25.70 77.91 51.48 15.67 Russia 6.29 61.04 0.82 14.00 37.00 25.54 5.60 Kazakhstan 3 . 2 5 1 3 . 7 50 . 0 72 . 1 06 . 9 07 . 6 02 . 5 6 Ukraine 5.18 27.27 0.03 4.50 12.50 17.43 2.55 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, Ch ina, Japan, Mexico, N. Africa, Pa kistan, selected Middle East, and S outheast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeri a, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2016 WASDE - 558 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Sep 240.89 744.85 168.44 148.04 736.68 172.80 249.07 Oct 239.66 744.44 169.91 144.94 735.73 174.68 248.37 United States Sep 26.71 63.16 3.13 8.98 37.20 25.86 29.93 Oct 26.55 62.86 3.40 7.08 35.30 26.54 30.98 Total Foreign Sep 214.19 681.69 165.31 139.06 699.47 146.95 219.13 Oct 213.11 681.58 166.51 137.87 700.43 148.15 217.39 Major Exporters 4/ Sep 27.36 217.67 7.64 66.90 152.06 75.00 25.61 Oct 26.30 217.42 7.64 66.10 151.66 75.50 24.20 Argentina Sep 0.86 14.40 0.01 0.10 6.30 8.00 0.96 Oct 0.86 14.40 0.01 0.10 6.30 8.00 0.96 Australia Sep 6.26 27.50 0.15 4.00 7.46 19.50 6.95 Oct 6.26 28.30 0.15 4.00 7.46 20.50 6.75 Canada Sep 5.17 30.50 0.49 3.80 9.00 21.50 5.65 Oct 5.17 31.50 0.49 4.00 9.20 22.00 5.95 European Union 5/ Sep 15.07 145.27 7.00 59.00 129.30 26.00 12.04 Oct 14.01 143.22 7.00 58.00 128.70 25.00 10.53 Major Importers 6/ Sep 139.20 197.64 86.83 31.32 270.23 7.14 146.30 Oct 139.13 197.91 86.88 31.42 270.68 7.34 145.90 Brazil Sep 1.31 6.00 5.80 0.30 10.10 1.50 1.51 Oct 1.60 6.34 6.00 0.50 10.60 1.50 1.84 China Sep 97.04 128.00 3.50 15.00 117.00 0.80 110.74 Oct 97.04 128.00 3.50 15.00 117.00 0.80 110.74 Sel. Mideast 7/ Sep 13.73 19.41 17.36 4.61 38.25 0.55 11.70 Oct 13.74 19.41 17.36 4.61 38.25 0.55 11.71 N. Africa 8/ Sep 16.23 14.20 28.45 2.38 44.85 0.84 13.19 Oct 16.04 14.13 28.10 2.28 44.80 0.84 12.63 Pakistan Sep 3.83 25.30 0.03 0.80 24.50 0.90 3.75 Oct 3.83 25.30 0.03 0.80 24.50 0.90 3.75 Southeast Asia 9/ Sep 5.08 0.00 21.50 7.24 21.96 0.99 3.64 Oct 5.08 0.00 21.50 7.24 21.96 0.99 3.64 Selected Other India Sep 14.50 90.00 2.00 4.50 95.10 0.40 11.00 Oct 14.50 90.00 3.00 4.50 96.10 0.40 11.00 FSU-12 Sep 15.65 131.43 7.55 27.60 80.12 54.14 20.37 Oct 15.67 131.43 7.55 27.10 79.62 54.64 20.39 Russia Sep 5.57 72.00 0.50 15.50 38.50 30.00 9.57 Oct 5.60 72.00 0.50 15.50 38.50 30.00 9.60 Kazakhstan Sep 2.56 16.50 0.06 2.20 7.00 8.50 3.62 Oct 2.56 16.50 0.06 2.20 7.00 8.50 3.62 Ukraine Sep 2.55 27.00 0.05 4.50 12.50 15.00 2.10 Oct 2.55 27.00 0.05 4.00 12.00 15.50 2.10 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, Ch ina, Japan, Mexico, N. Africa, Pa kistan, selected Middle East, and S outheast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeri a, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2016 WASDE - 558 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 211.66 1,306.39 169.80 752.79 1,271.96 185.68 246.09 United States 34.31 377.23 3.44 139.49 311.34 56.70 46.95 Total Foreign 177.35 929.16 166.36 613.30 960.62 128.98 199.15 Major Exporters 4/ 25.53 169.11 4.70 82.69 112.74 67.50 19.09 Argentina 3.17 35.73 0.00 9.07 14.23 21.39 3.29 Australia 1.03 12.61 0.00 3.26 4.94 7.17 1.53 Brazil 14.26 87.67 0.82 50.25 60.02 34.51 8.21 Canada 4.65 21.99 1.71 13.87 21.30 3.72 3.33 Major Importers 5/ 44.41 257.96 109.65 264.52 346.46 15.95 49.62 European Union 6/ 15.57 170.85 8.97 121.38 162.56 13.99 18.85 Japan 1.74 0.17 16.73 12.94 16.93 0.00 1.71 Mexico 3.49 32.69 11.55 24.40 42.08 0.79 4.86 N. Afr & Mideast 7/ 13.46 26.73 34.07 51.63 59.55 0.09 14.61 Saudi Arabia 3.91 0.36 11.26 11.55 12.03 0.00 3.50 Southeast Asia 8/ 3.97 26.86 12.87 30.69 38.70 1.07 3.95 South Korea 1.87 0.24 10.25 8.08 10.47 0.00 1.89 Selected Other China 82.65 222.75 25.70 158.80 229.06 0.02 102.02 FSU-12 7.03 91.60 0.82 42.11 58.15 33.87 7.44 Russia 1.77 40.39 0.09 20.88 31.14 8.67 2.43 Ukraine 3.64 39.39 0.03 11.82 15.43 24.33 3.29 2015/16 Est. Beginning Stocks Productio n ImportsDomestic FeedDomesti c Total 2 / ExportsEnding Stocks World 3/ 246.09 1,247.79 180.17 763.32 1,247.52 163.09 246.36 United States 46.95 366.99 3.93 137.43 312.67 57.07 48.13 Total Foreign 199.15 880.80 176.23 625.90 934.86 106.02 198.23 Major Exporters 4/ 19.09 152.53 7.53 82.12 111.76 51.75 15.63 Argentina 3.29 36.94 0.01 9.26 14.32 23.11 2.80 Australia 1.53 12.44 0.00 3.89 5.57 6.80 1.60 Brazil 8.21 69.13 2.81 48.64 57.99 16.54 5.62 Canada 3.33 25.66 1.49 14.52 21.97 4.60 3.91 Major Importers 5/ 49.62 245.03 123.04 270.80 352.86 15.11 49.71 European Union 6/ 18.85 151.82 13.87 116.27 157.00 12.97 14.56 Japan 1.71 0.18 16.95 13.26 17.25 0.00 1.59 Mexico 4.86 32.19 14.65 26.32 44.12 1.00 6.59 N. Afr & Mideast 7/ 14.61 33.78 32.96 56.76 65.07 0.25 16.04 Saudi Arabia 3.50 0.24 14.61 13.55 13.95 0.00 4.40 Southeast Asia 8/ 3.95 26.56 15.19 32.46 40.57 0.90 4.24 South Korea 1.89 0.19 10.39 8.14 10.57 0.00 1.90 Selected Other China 102.02 231.78 17.35 166.85 238.90 0.04 112.22 FSU-12 7.44 82.76 0.56 40.20 55.26 30.88 4.62 Russia 2.43 37.43 0.12 20.45 29.84 8.71 1.43 Ukraine 3.29 33.39 0.05 10.37 13.86 21.10 1.77 1/ Aggregate of local marketing years. Co arse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing year s, grain in transit, and reportin g discrepancies in some countr ies. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Malays ia, Philippines, Th ailand, and Vietnam. October 2016 WASDE - 558 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Sep 245.05 1,319.74 167.44 789.56 1,311.47 178.77 253.31 Oct 246.36 1,314.79 170.77 790.33 1,311.88 181.73 249.26 United States Sep 47.54 401.34 3.51 148.85 325.65 61.96 64.79 Oct 48.13 399.95 3.51 148.89 325.57 63.12 62.90 Total Foreign Sep 197.51 918.40 163.92 640.72 985.82 116.81 188.53 Oct 198.23 914.84 167.26 641.44 986.31 118.61 186.36 Major Exporters 4/ Sep 15.37 181.96 3.30 86.05 117.14 64.89 18.61 Oct 15.63 182.52 3.30 85.82 116.74 66.89 17.81 Argentina Sep 2.80 44.14 0.01 10.08 15.74 27.01 4.20 Oct 2.80 44.14 0.01 10.08 15.64 28.01 3.30 Australia Sep 1.60 14.16 0.00 4.17 5.84 7.98 1.94 Oct 1.60 14.26 0.00 4.27 5.94 7.98 1.94 Brazil Sep 5.62 85.46 1.05 51.47 61.32 24.53 6.29 Oct 5.62 86.02 1.05 51.07 60.92 25.53 6.23 Canada Sep 3.93 24.64 1.59 14.63 22.26 3.85 4.05 Oct 3.91 24.57 1.59 14.70 22.26 3.85 3.97 Major Importers 5/ Sep 50.17 243.10 118.89 275.86 357.83 10.56 43.77 Oct 49.71 240.15 121.69 276.90 358.74 10.16 42.65 European Union 6/ Sep 14.95 154.38 12.53 119.60 160.55 8.86 12.47 Oct 14.56 151.80 14.08 119.66 160.48 8.26 11.71 Japan Sep 1.59 0.17 16.90 13.22 17.21 0.00 1.45 Oct 1.59 0.17 16.90 13.22 17.21 0.00 1.45 Mexico Sep 6.46 31.83 14.48 27.62 45.52 0.80 6.45 Oct 6.59 31.83 14.78 27.92 45.82 0.80 6.57 N. Afr & Mideast 7/ Sep 15.83 27.34 33.27 55.46 63.42 0.17 12.85 Oct 16.04 27.52 33.72 56.34 64.40 0.17 12.71 Saudi Arabia Sep 4.40 0.24 14.01 14.13 14.53 0.00 4.12 Oct 4.40 0.24 14.01 14.13 14.53 0.00 4.12 Southeast Asia 8/ Sep 4.64 28.86 13.32 33.91 41.92 0.74 4.16 Oct 4.24 28.31 13.82 33.71 41.62 0.94 3.81 South Korea Sep 1.90 0.21 10.09 7.84 10.32 0.00 1.88 Oct 1.90 0.21 10.09 7.84 10.32 0.00 1.88 Selected Other China Sep 111.88 223.70 13.70 169.50 244.65 0.03 104.60 Oct 112.22 223.70 13.70 170.00 245.15 0.03 104.44 FSU-12 Sep 4.73 89.38 0.66 41.89 57.29 32.37 5.10 Oct 4.62 88.88 0.66 41.39 56.79 32.67 4.70 Russia Sep 1.43 40.00 0.11 21.20 30.85 8.96 1.72 Oct 1.43 39.50 0.11 21.10 30.75 8.56 1.72 Ukraine Sep 1.88 37.05 0.06 11.17 14.68 22.23 2.08 Oct 1.77 37.05 0.06 10.77 14.28 22.93 1.67 1/ Aggregate of local marketing years. Co arse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing year s, grain in transit, and reportin g discrepancies in some countr ies. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Malays ia, Philippines, Th ailand, and Vietnam. October 2016 WASDE - 558 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 175.30 1,014.37 124.85 585.57 980.76 141.74 208.92 United States 31.29 361.09 0.80 134.98 301.79 47.42 43.97 Total Foreign 144.01 653.28 124.05 450.59 678.96 94.32 164.94 Major Exporters 4/ 17.58 124.33 2.30 60.15 77.95 54.06 12.20 Argentina 1.41 28.70 0.00 6.00 9.30 18.90 1.91 Brazil 13.97 85.00 0.33 48.00 57.00 34.46 7.84 South Africa 2.20 10.63 1.96 6.15 11.65 0.69 2.45 Major Importers 5/ 19.40 134.24 69.23 142.14 193.71 5.88 23.29 Egypt 2.40 5.96 7.84 11.50 13.90 0.00 2.30 European Union 6/ 6.89 75.84 8.65 59.50 77.88 4.03 9.47 Japan 1.29 0.00 14.66 11.00 14.60 0.00 1.35 Mexico 2.60 25.48 11.27 17.70 34.45 0.78 4.12 Southeast Asia 7/ 3.97 26.81 12.83 30.60 38.60 1.07 3.94 South Korea 1.86 0.08 10.17 8.04 10.25 0.00 1.86 Selected Other 0.00 Canada 1.60 11.49 1.56 7.43 12.82 0.42 1.40 China 81.32 215.65 5.52 140.00 202.00 0.01 100.46 FSU-12 3.37 43.80 0.51 18.76 21.48 23.18 3.02 Ukraine 2.40 28.45 0.03 8.00 9.40 19.66 1.82 2015/16 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 208.92 959.14 138.68 598.47 958.01 119.46 210.05 United States 43.97 345.49 1.71 131.88 298.83 48.20 44.14 Total Foreign 164.94 613.66 136.97 466.60 659.18 71.26 165.91 Major Exporters 4/ 12.20 102.90 5.31 58.50 75.80 36.70 7.90 Argentina 1.91 28.00 0.01 6.00 9.30 19.50 1.11 Brazil 7.84 67.00 2.30 46.80 55.30 16.50 5.34 South Africa 2.45 7.90 3.00 5.70 11.20 0.70 1.45 Major Importers 5/ 23.29 116.94 80.48 143.15 194.54 3.71 22.45 Egypt 2.30 6.00 8.50 12.35 14.75 0.01 2.04 European Union 6/ 9.47 58.48 13.40 54.70 72.71 1.80 6.84 Japan 1.35 0.00 15.00 11.50 15.10 0.00 1.25 Mexico 4.12 25.80 13.80 20.10 36.90 1.00 5.82 Southeast Asia 7/ 3.94 26.51 15.18 32.40 40.50 0.90 4.23 South Korea 1.86 0.08 10.30 8.10 10.35 0.00 1.89 Selected Other 0.00 Canada 1.40 13.60 1.33 7.70 13.10 1.74 1.49 China 100.46 224.58 3.18 153.50 217.50 0.01 110.71 FSU-12 3.02 40.42 0.38 18.40 21.02 21.06 1.75 Ukraine 1.82 23.33 0.03 6.70 8.00 16.50 0.68 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Braz il, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade ex cludes intra-trade. 7/ Indo nesia, Malaysia, Philippines, Thailand, and Vietnam. October 2016 WASDE - 558 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Sep 209.25 1,026.61 130.22 622.66 1,016.40 139.83 219.46 Oct 210.05 1,025.69 133.65 624.25 1,018.93 143.79 216.81 United States Sep 43.58 383.38 1.27 143.52 312.43 55.25 60.55 Oct 44.14 382.48 1.27 143.52 312.43 56.52 58.94 Total Foreign Sep 165.67 643.23 128.95 479.14 703.96 84.58 158.92 Oct 165.91 643.22 132.38 480.73 706.50 87.28 157.88 Major Exporters 4/ Sep 7.65 132.00 1.11 61.40 79.90 50.00 10.86 Oct 7.90 133.00 1.11 61.40 79.80 52.00 10.21 Argentina Sep 1.11 36.50 0.01 6.80 10.60 24.00 3.02 Oct 1.11 36.50 0.01 6.80 10.50 25.00 2.12 Brazil Sep 5.34 82.50 0.60 49.00 58.00 24.50 5.94 Oct 5.34 83.50 0.60 49.00 58.00 25.50 5.94 South Africa Sep 1.20 13.00 0.50 5.60 11.30 1.50 1.90 Oct 1.45 13.00 0.50 5.60 11.30 1.50 2.15 Major Importers 5/ Sep 23.16 120.62 76.75 145.35 196.78 3.54 20.21 Oct 22.45 119.20 79.05 146.05 197.38 3.44 19.88 Egypt Sep 2.04 6.00 8.75 12.65 15.05 0.01 1.73 Oct 2.04 6.00 8.75 12.65 15.05 0.01 1.73 European Union 6/ Sep 7.24 61.15 12.00 55.20 73.20 2.00 5.19 Oct 6.84 60.28 13.50 55.80 73.80 1.70 5.12 Japan Sep 1.25 0.00 15.00 11.50 15.10 0.00 1.15 Oct 1.25 0.00 15.00 11.50 15.10 0.00 1.15 Mexico Sep 5.72 24.50 13.50 20.30 37.20 0.80 5.72 Oct 5.82 24.50 13.80 20.60 37.50 0.80 5.82 Southeast Asia 7/ Sep 4.63 28.81 13.30 33.85 41.85 0.73 4.16 Oct 4.23 28.26 13.80 33.65 41.55 0.93 3.81 South Korea Sep 1.89 0.08 10.00 7.80 10.10 0.00 1.86 Oct 1.89 0.08 10.00 7.80 10.10 0.00 1.86 Selected Other Canada Sep 1.50 12.35 1.50 7.80 13.30 0.60 1.45 Oct 1.49 12.50 1.50 7.80 13.30 0.70 1.49 China Sep 110.67 216.00 3.00 159.00 226.00 0.02 103.65 Oct 110.71 216.00 3.00 159.00 226.00 0.02 103.69 FSU-12 Sep 1.87 44.06 0.42 19.49 22.27 21.90 2.19 Oct 1.75 44.06 0.42 19.09 21.87 22.60 1.77 Ukraine Sep 0.80 26.00 0.05 7.30 8.70 17.00 1.15 Oct 0.68 26.00 0.05 6.90 8.30 17.70 0.73 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Tr ade excludes intra-trade. 7/ Indonesi a, Malaysia, Philippines, Thailand, and Vietnam. October 2016 WASDE - 558 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2014/15 Beginning StocksProductio n Imports Total /2 DomesticExports Ending Stocks World 3/ 114.00 478.74 41.13 478.13 43.58 114.61 United States 1.03 7.11 0.78 4.30 3.06 1.55 Total Foreign 112.97 471.63 40.35 473.83 40.52 113.05 Major Exporters 4/ 36.78 159.30 0.73 133.34 32.42 31.04 India 22.80 105.48 0.00 98.24 12.24 17.80 Pakistan 0.68 6.90 0.03 2.60 3.80 1.21 Thailand 12.00 18.75 0.30 10.50 9.78 10.77 Vietnam 1.30 28.17 0.40 22.00 6.61 1.26 Major Importers 5/ 11.47 64.06 13.59 77.15 1.23 10.74 Brazil 0.64 8.47 0.39 7.93 0.93 0.64 European Union 6/ 1.16 1.96 1.71 3.35 0.27 1.21 Indonesia 5.50 35.56 1.35 38.30 0.00 4.11 Nigeria 0.96 2.84 2.60 5.40 0.00 0.99 Philippines 1.70 11.92 1.80 13.20 0.00 2.21 Sel. Mideast 7/ 1.31 1.98 4.11 6.14 0.00 1.26 Selected Other 0.00 Burma 0.37 12.60 0.01 10.50 1.74 0.75 C. Amer & Carib 8/ 0.47 1.81 1.56 3.34 0.01 0.50 China 53.10 144.56 4.70 144.50 0.43 57.44 Egypt 0.61 4.53 0.03 4.00 0.25 0.92 Japan 3.01 7.85 0.64 8.60 0.07 2.82 Mexico 0.16 0.18 0.71 0.88 0.00 0.16 South Korea 0.90 4.24 0.47 4.20 0.00 1.41 2015/16 Est. Beginning Stocks Productio n ImportsTotal / 2 Domesti c ExportsEndin g Stock s World 3/ 114.61 472.09 38.32 471.10 40.09 115.60 United States 1.55 6.11 0.77 3.53 3.42 1.48 Total Foreign 113.05 465.99 37.56 467.57 36.67 114.12 Major Exporters 4/ 31.04 154.28 0.71 128.62 29.10 28.31 India 17.80 104.32 0.00 94.02 10.30 17.80 Pakistan 1.21 6.70 0.01 2.80 4.20 0.92 Thailand 10.77 15.80 0.30 9.80 9.20 7.87 Vietnam 1.26 27.46 0.40 22.00 5.40 1.72 Major Importers 5/ 10.74 63.25 12.64 76.67 0.96 9.01 Brazil 0.64 7.21 0.80 7.80 0.60 0.25 European Union 6/ 1.21 2.06 1.75 3.45 0.26 1.31 Indonesia 4.11 36.20 1.20 38.00 0.00 3.51 Nigeria 0.99 2.71 2.10 5.20 0.00 0.60 Philippines 2.21 11.35 1.60 13.20 0.00 1.96 Sel. Mideast 7/ 1.26 1.89 3.60 5.88 0.00 0.88 Selected Other 0.00 Burma 0.75 12.20 0.04 10.70 1.40 0.89 C. Amer & Carib 8/ 0.50 1.63 1.89 3.42 0.02 0.57 China 57.44 145.77 4.80 144.00 0.27 63.74 Egypt 0.92 4.00 0.10 3.90 0.20 0.92 Japan 2.82 7.65 0.70 8.60 0.08 2.49 Mexico 0.16 0.15 0.70 0.89 0.00 0.12 South Korea 1.41 4.33 0.35 4.25 0.00 1.83 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to re flect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ Worl d imports and exports may not ba lance due to differences in so me countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Braz il, Indonesia, Hong K ong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Ir aq, and Saudi Arabia. 8/ Centra l American and Caribbean countri es. October 2016 WASDE - 558 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ Sep 112.68 481.73 38.72 478.80 40.94 115.60 Oct 115.60 483.26 38.71 478.16 41.22 120.70 United States Sep 1.48 7.53 0.75 4.22 3.65 1.88 Oct 1.48 7.49 0.75 4.22 3.56 1.94 Total Foreign Sep 111.20 474.20 37.97 474.58 37.29 113.73 Oct 114.12 475.77 37.96 473.93 37.67 118.77 Major Exporters 4/ Sep 26.02 158.20 0.67 132.80 29.15 22.94 Oct 28.31 159.80 0.66 132.60 29.50 26.67 India Sep 17.80 106.50 0.00 97.00 9.50 17.80 Oct 17.80 106.50 0.00 97.00 10.00 17.30 Pakistan Sep 0.83 6.90 0.02 2.70 4.25 0.80 Oct 0.92 6.90 0.01 2.80 4.20 0.83 Thailand Sep 6.17 17.00 0.25 11.10 9.00 3.32 Oct 7.87 18.60 0.25 10.60 9.50 6.62 Vietnam Sep 1.22 27.80 0.40 22.00 6.40 1.02 Oct 1.72 27.80 0.40 22.20 5.80 1.92 Major Importers 5/ Sep 9.26 65.89 12.35 77.30 1.23 8.96 Oct 9.01 65.36 12.05 76.75 1.08 8.59 Brazil Sep 0.25 8.50 0.60 7.95 0.80 0.60 Oct 0.25 8.03 0.65 7.90 0.65 0.38 European Union 6/ Sep 1.31 2.03 1.75 3.50 0.28 1.30 Oct 1.31 2.03 1.75 3.50 0.28 1.30 Indonesia Sep 3.71 36.60 1.25 38.00 0.00 3.56 Oct 3.51 36.60 1.25 37.70 0.00 3.66 Nigeria Sep 0.65 2.70 2.00 5.10 0.00 0.25 Oct 0.60 2.70 2.00 5.00 0.00 0.30 Philippines Sep 1.96 12.00 1.50 13.30 0.00 2.16 Oct 1.96 12.00 1.20 13.30 0.00 1.86 Sel. Mideast 7/ Sep 0.88 2.11 3.70 6.00 0.00 0.69 Oct 0.88 2.06 3.65 5.90 0.00 0.69 Selected Other Burma Sep 0.89 12.50 0.00 10.85 1.70 0.84 Oct 0.89 12.50 0.00 10.85 1.70 0.84 C. Amer & Carib 8/ Sep 0.52 1.77 1.80 3.53 0.02 0.53 Oct 0.57 1.77 1.80 3.53 0.02 0.58 China Sep 63.21 146.50 5.00 144.50 0.30 69.91 Oct 63.74 146.50 5.00 144.00 0.30 70.94 Egypt Sep 0.85 4.00 0.04 3.95 0.20 0.74 Oct 0.92 4.55 0.30 4.00 0.30 1.48 Japan Sep 2.49 7.68 0.70 8.70 0.09 2.09 Oct 2.49 7.68 0.70 8.70 0.09 2.09 Mexico Sep 0.12 0.17 0.75 0.89 0.00 0.15 Oct 0.12 0.17 0.75 0.89 0.00 0.15 South Korea Sep 1.83 4.00 0.41 4.33 0.00 1.90 Oct 1.83 4.00 0.41 4.33 0.00 1.90 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use a nd unreported disappearance. 3/ World impor ts and exports may not balance due to di fferences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indones ia, Hong Kong, Cote d'Ivoire, Nigeria, Phil ippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Ara bia. 8/ Central American and Caribbean countries. October 2016 WASDE - 558 - 26 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2014/15 Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World 103.31 119.10 35.74 111.13 35.31 0.16 111.54 United States 2.35 16.32 0.01 3.58 11.25 0.21 3.65 Total Foreign 100.96 102.78 35.73 107.56 24.07 -0.05 107.89 Major Exporters 4/ 28.43 52.63 1.74 32.33 20.52 -0.23 30.17 Central Asia 5/ 3.76 6.20 3 / 2.38 4.67 0.00 2.90 Afr. Fr. Zone 6/ 1.46 5.09 3 / 0.14 4.21 0.00 2.20 S. Hemis 7/ 11.40 11.02 0.18 4.45 7.08 -0.24 11.30 Australia 1.81 2.30 3 / 0.04 2.40 -0.10 1.77 Brazil 7.67 7.00 0.02 3.40 3.91 -0.15 7.53 India 11.46 29.50 1.23 24.50 4.20 0.00 13.49 Major Importers 8/ 70.69 46.89 31.94 70.86 2.63 0.17 75.86 Mexico 0.58 1.32 0.83 1.85 0.17 0.03 0.69 China 62.71 30.00 8.28 34.00 0.07 0.00 66.92 European Union 9/ 0.38 1.64 0.86 0.87 1.62 0.05 0.33 Turkey 1.36 3.20 3.68 6.40 0.24 0.00 1.60 Pakistan 2.48 10.60 0.95 10.60 0.51 0.03 2.89 Indonesia 0.50 0.01 3.35 3.25 0.01 0.00 0.60 Thailand 0.24 3 / 1.48 1.48 0.00 0.03 0.22 Bangladesh 1.27 0.12 5.40 5.50 0.00 0.01 1.28 Vietnam 0.50 3 / 4.30 4.10 0.00 0.00 0.70 2015/16 Est. Beginning Stocks Productio n ImportsDomestic Use ExportsLoss /2 Ending Stocks World 111.54 96.32 35.25 111.31 35.11 0.09 96.60 United States 3 . 6 5 1 2 . 8 90 . 0 33 . 4 59 . 1 50 . 1 73 . 8 0 Total Foreign 107.89 83.43 35.21 107.86 25.96 -0.08 92.80 Major Exporters 4/ 30.17 46.65 1.77 31.72 22.85 -0.22 24.24 Central Asia 5/ 2.90 5.80 3 / 2.38 4.36 0.00 1.97 Afr. Fr. Zone 6/ 2.20 4.19 3 / 0.14 4.82 0.00 1.42 S. Hemis 7/ 1 1 . 3 09 . 7 50 . 2 54 . 2 17 . 6 6 - 0 . 2 39 . 6 7 Australia 1.77 2.60 3 / 0.04 2.84 -0.10 1.60 Brazil 7.53 5.90 0.09 3.20 4.31 -0.15 6.16 India 13.49 26.40 1.07 24.25 5.76 0.00 10.94 Major Importers 8/ 75.86 33.97 31.12 71.93 2.06 0.14 66.82 Mexico 0.69 0.91 0.98 1.85 0.13 0.03 0.57 China 66.92 22.00 4.41 35.00 0.13 0.00 58.20 European Union 9/ 0.33 1.28 0.82 0.82 1.30 0.05 0.26 Turkey 1.60 2.65 4.22 6.65 0.23 0.00 1.58 Pakistan 2.89 7.00 3.30 10.30 0.25 0.03 2.62 Indonesia 0.60 0.01 3.00 3.00 0.02 0.00 0.59 Thailand 0.22 3 / 1.28 1.25 0.00 0.03 0.22 Bangladesh 1.28 0.12 6.20 6.10 0.00 0.01 1.49 Vietnam 0.70 3 / 4.45 4.40 0.00 0.00 0.75 1/ Marketing year beginning August 1. Tota ls may not add exactly and trade may not ba lance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing ch annel; for Australia, Brazil, China, and the United States, refl ects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, an d Uzbekistan. 6/ Benin, Burkino Faso, Came roon, Central African Republic, Chad, Cote d' Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Pa raguay, South Africa, Tanzania, and Zimbabwe . 8/ In addition to the countries and regi ons listed, includes Hong Kong, Japan, Russia, South Kore a, and Taiwan. 9/ Includes intra-EU trade. October 2016 WASDE - 558 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2016/17 Proj. Beginning StocksProduction Imports Domestic UseExports Loss /2Ending Stocks World Sep 98.55 102.47 33.90 111.23 33.91 -0.03 89.81 Oct 96.60 102.69 34.91 112.03 34.87 -0.04 87.35 United States Sep 3.80 16.14 0.01 3.50 11.50 0.05 4.90 Oct 3.80 16.03 0.01 3.50 12.00 0.04 4.30 Total Foreign Sep 94.75 86.33 33.89 107.73 22.41 -0.09 84.91 Oct 92.80 86.66 34.90 108.53 22.87 -0.09 83.05 filler filler filler filler filler filler filler Major Exporters 4/ Sep 24.37 48.91 1.80 31.49 19.52 -0.23 24.29 Oct 24.24 49.32 2.30 31.39 19.99 -0.23 24.71 Central Asia 5/ Sep 2.19 5.81 3 / 2.48 3.59 0.00 1.94 Oct 1.97 5.84 3 / 2.38 3.61 0.00 1.82 Afr. Fr. Zone 6/ Sep 1.37 4.80 3 / 0.14 4.59 0.00 1.45 Oct 1.42 4.84 3 / 0.14 4.74 0.00 1.38 S. Hemis 7/ Sep 9.62 11.43 0.27 4.21 7.20 -0.24 10.14 Oct 9.67 11.78 0.27 4.21 7.50 -0.24 10.24 Australia Sep 1.54 3.50 3 / 0.04 3.10 -0.10 2.01 Oct 1.60 4.00 3 / 0.04 3.90 -0.10 1.76 Brazil Sep 6.16 6.65 0.10 3.20 3.40 -0.15 6.46 Oct 6.16 6.50 0.10 3.20 2.90 -0.15 6.81 India Sep 10.94 26.50 1.00 24.00 3.90 0.00 10.54 Oct 10.94 26.50 1.50 24.00 3.90 0.00 11.04 filler filler filler filler filler filler filler Major Importers 8/ Sep 68.57 34.51 29.81 71.94 1.88 0.14 58.93 Oct 66.82 34.46 30.28 72.87 1.87 0.14 56.68 Mexico Sep 0.51 0.70 1.28 1.90 0.10 0.03 0.46 Oct 0.57 0.65 1.28 1.85 0.10 0.03 0.52 China Sep 60.20 21.00 4.50 35.00 0.10 0.00 50.60 Oct 58.20 21.00 4.50 35.50 0.10 0.00 48.10 European Union 9/ Sep 0.27 1.23 0.83 0.84 1.14 0.05 0.29 Oct 0.26 1.23 0.80 0.81 1.14 0.05 0.29 Turkey Sep 1.58 3.20 3.70 6.75 0.28 0.00 1.46 Oct 1.58 3.20 3.70 6.75 0.28 0.00 1.46 Pakistan Sep 2.62 8.25 2.20 10.20 0.25 0.03 2.59 Oct 2.62 8.25 2.20 10.20 0.25 0.03 2.59 Indonesia Sep 0.59 0.01 2.80 2.80 0.01 0.00 0.59 Oct 0.59 0.01 2.90 2.90 0.01 0.00 0.59 Thailand Sep 0.22 3 / 1.23 1.20 0.00 0.03 0.22 Oct 0.22 3 / 1.23 1.20 0.00 0.03 0.22 Bangladesh Sep 1.29 0.12 5.90 6.00 0.00 0.01 1.30 Oct 1.49 0.12 6.30 6.40 0.00 0.01 1.50 Vietnam Sep 0.75 3 / 4.80 4.70 0.00 0.00 0.86 Oct 0.75 3 / 4.80 4.70 0.00 0.00 0.86 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destro yed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan , Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions lis ted, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. October 2016 WASDE - 558 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning StocksProduction Imports Domestic CrushDomestic TotalExports Ending Stocks World 2/ 61.89 319.78 123.88 263.24 300.77 126.22 78.56 United States 2.50 106.88 0.90 50.98 54.96 50.14 5.19 Total Foreign 59.39 212.90 122.98 212.26 245.82 76.08 73.37 Major Exporters 3/ 41.43 170.05 0.32 84.27 91.47 68.79 51.54 Argentina 25.27 61.40 0.00 40.02 44.18 10.57 31.92 Brazil 16.02 97.20 0.31 40.44 43.41 50.61 19.50 Paraguay 0.13 8.15 0.01 3.65 3.69 4.49 0.12 Major Importers 4/ 15.22 15.39 105.49 97.91 117.19 0.29 18.62 China 13.88 12.15 78.35 74.50 87.20 0.14 17.03 European Union 0.62 1.83 13.42 13.60 15.07 0.12 0.69 Japan 0.23 0.23 3.00 2.15 3.28 0.00 0.18 Mexico 0.12 0.35 3.82 4.18 4.21 0.00 0.07 2015/16 Est. Beginnin g Stock s Productio n Import sDomesti c Crus hDome s tic Total Export s Endin g Stock s World 2/ 78.56 313.01 131.65 275.94 315.24 132.54 75.45 United States 5.19 106.86 0.64 51.34 54.63 52.69 5.36 Total Foreign 73.37 206.16 131.01 224.61 260.61 79.85 70.08 Major Exporters 3/ 51.54 164.30 1.07 87.05 94.99 71.81 50.12 Argentina 31.92 56.80 0.65 43.30 47.67 10.30 31.40 Brazil 19.50 96.50 0.41 39.90 43.40 54.38 18.63 Paraguay 0.12 9.00 0.01 3.70 3.74 5.30 0.08 Major Importers 4/ 18.62 15.25 111.43 106.55 127.21 0.33 17.76 China 17.03 11.60 82.50 81.30 95.00 0.12 16.01 European Union 0.69 2.26 14.20 14.40 15.98 0.15 1.02 Japan 0.18 0.24 3.25 2.40 3.55 0.00 0.12 Mexico 0.07 0.33 4.07 4.35 4.39 0.00 0.08 2016/17 Proj. Beginnin g Stocks Productio n Import s Domesti c Crus hDomesti c TotalExport s Endin g Stock s World 2/ Sep 72.90 330.43 135.74 288.86 328.67 138.23 72.17 Oct 75.45 333.22 136.22 288.49 328.75 138.78 77.36 United States Sep 5.32 114.33 0.82 53.07 56.50 54.02 9.95 Oct 5.36 116.18 0.82 53.07 56.51 55.11 10.74 Total Foreign Sep 67.58 216.09 134.93 235.79 272.17 84.20 62.23 Oct 70.08 217.04 135.41 235.42 272.24 83.67 66.62 Major Exporters 3/ Sep 48.11 170.17 0.66 89.25 96.93 76.69 45.33 Oct 50.12 171.17 0.66 88.80 96.95 76.10 48.90 Argentina Sep 30.67 57.00 0.30 44.30 48.75 10.65 28.57 Oct 31.40 57.00 0.30 44.30 48.75 9.65 30.30 Brazil Sep 17.25 101.00 0.35 40.50 43.60 58.40 16.60 Oct 18.63 102.00 0.35 40.50 44.10 58.40 18.48 Paraguay Sep 0.18 9.17 0.01 4.20 4.25 4.95 0.16 Oct 0.08 9.17 0.01 3.80 3.85 5.30 0.11 Major Importers 4/ Sep 17.09 16.37 113.58 111.32 132.59 0.34 14.12 Oct 17.76 16.35 114.00 111.26 132.54 0.33 15.24 China Sep 15.51 12.50 86.00 87.00 101.20 0.15 12.66 Oct 16.01 12.50 86.00 86.50 100.70 0.15 13.66 European Union Sep 0.92 2.44 13.00 13.80 15.39 0.15 0.82 Oct 1.02 2.42 13.00 13.80 15.39 0.15 0.89 Japan Sep 0.12 0.24 3.10 2.20 3.33 0.00 0.14 Oct 0.12 0.24 3.10 2.20 3.33 0.00 0.14 Mexico Sep 0.06 0.37 4.00 4.28 4.33 0.00 0.11 Oct 0.08 0.37 4.20 4.50 4.55 0.00 0.10 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October-September year. 2/ World i mports and exports may not balance due to differences in local marke ting years and to time lags betw een reported exports and imports. Therefore, world supply may not equal world us e. 3/ Argentina, Br azil, Paraguay, and Uruguay. 4/ China, European Union, Japan , Mexico, and Southeast Asia (inc ludes Indonesia, Malaysia, Philip pines, Vietnam, and Thailand). October 2016 WASDE - 558 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 10.73 207.33 60.36 202.18 64.01 12.22 United States 0.23 40.88 0.30 29.28 11.89 0.24 Total Foreign 10.51 166.45 60.05 172.90 52.12 11.99 Major Exporters 3/ 7.15 67.67 0.03 22.74 44.04 8.06 Argentina 4.07 30.93 0.00 2.30 28.58 4.13 Brazil 2.48 31.30 0.02 15.70 14.39 3.71 India 0.59 5.44 0.01 4.74 1.07 0.23 Major Importers 4/ 1.53 15.04 35.94 50.25 0.70 1.56 European Union 0.25 10.74 19.16 29.54 0.36 0.25 Southeast Asia 5/ 1.10 2.67 15.08 17.30 0.34 1.21 2015/16 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 12.22 216.47 63.32 214.95 65.68 11.37 United States 0.24 40.54 0.36 30.12 10.75 0.27 Total Foreign 11.99 175.92 62.95 184.83 54.93 11.10 Major Exporters 3/ 8.06 68.86 0.07 23.40 46.11 7.49 Argentina 4.13 33.22 0.00 2.40 30.60 4.35 Brazil 3.71 30.88 0.03 16.20 15.41 3.01 India 0.23 4.76 0.04 4.80 0.10 0.13 Major Importers 4/ 1.56 16.36 37.28 53.44 0.68 1.09 European Union 0.25 11.38 19.90 31.04 0.30 0.19 Southeast Asia 5/ 1.21 3.17 15.63 18.87 0.38 0.76 2016/17 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s En ding Stock s World 2/ Sep 12.10 226.99 66.76 225.34 69.44 11.08 Oct 11.37 226.68 66.46 225.52 69.40 9.58 United States Sep 0.27 41.98 0.30 31.12 11.16 0.27 Oct 0.27 41.98 0.30 31.12 11.16 0.27 Total Foreign Sep 11.83 185.01 66.47 194.22 58.28 10.81 Oct 11.10 184.70 66.16 194.41 58.25 9.31 Major Exporters 3/ Sep 8.33 71.78 0.02 23.30 49.50 7.34 Oct 7.49 71.78 0.02 24.05 49.50 5.74 Argentina Sep 3.94 34.35 0.00 2.48 32.80 3.02 Oct 4.35 34.35 0.00 2.48 32.80 3.42 Brazil Sep 4.27 31.35 0.02 15.85 15.80 3.99 Oct 3.01 31.35 0.02 16.60 15.80 1.98 India Sep 0.13 6.08 0.00 4.97 0.90 0.34 Oct 0.13 6.08 0.00 4.97 0.90 0.34 Major Importers 4/ Sep 1.00 15.66 40.65 55.45 0.68 1.18 Oct 1.09 15.83 40.55 55.55 0.73 1.20 European Union Sep 0.22 10.90 21.15 31.69 0.35 0.23 Oct 0.19 10.90 21.15 31.69 0.35 0.20 Southeast Asia 5/ Sep 0.64 3.10 17.60 20.19 0.33 0.81 Oct 0.76 3.27 17.50 20.29 0.38 0.86 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketi ng years and to time lags be tween reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Br azil, and India. 4/ European Union, Southeast Asia, and Japa n. 5/ Indonesia, Malaysia, Philippine s, Vietnam, and Thailand. October 2016 WASDE - 558 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 3.67 49.06 10.00 47.91 11.09 3.74 United States 0.53 9.71 0.12 8.60 0.91 0.84 Total Foreign 3.14 39.36 9.88 39.31 10.18 2.90 Major Exporters 3/ 0.99 18.03 0.29 10.72 7.61 0.98 Argentina 0.24 7.69 0.02 2.50 5.09 0.35 Brazil 0.39 7.76 0.01 6.27 1.51 0.38 European Union 0.37 2.58 0.25 1.95 1.01 0.24 Major Importers 4/ 1.34 15.02 5.21 20.28 0.18 1.12 China 0.97 13.35 0.77 14.20 0.11 0.78 India 0.25 1.21 2.80 4.06 0.00 0.20 North Africa 5/ 0.13 0.47 1.64 2.02 0.07 0.15 2015/16 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 3.74 51.68 11.67 51.35 12.04 3.70 United States 0.84 9.96 0.13 9.12 1.02 0.79 Total Foreign 2.90 41.72 11.54 42.23 11.02 2.91 Major Exporters 3/ 0.98 18.81 0.37 10.80 8.45 0.91 Argentina 0.35 8.42 0.01 2.58 5.90 0.29 Brazil 0.38 7.66 0.07 6.27 1.55 0.29 European Union 0.24 2.74 0.30 1.95 1.00 0.33 Major Importers 4/ 1.12 15.95 6.75 22.59 0.18 1.06 China 0.78 14.57 0.67 15.30 0.10 0.62 India 0.20 1.06 4.20 5.10 0.00 0.36 North Africa 5/ 0.15 0.32 1.88 2.19 0.07 0.09 2016/17 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Sep 3.69 53.77 10.97 53.15 11.63 3.66 Oct 3.70 53.70 11.09 53.19 11.73 3.58 United States Sep 0 . 8 2 1 0 . 2 20 . 1 19 . 3 21 . 0 40 . 7 9 Oct 0 . 7 9 1 0 . 2 20 . 1 19 . 3 21 . 0 20 . 7 8 Total Foreign Sep 2.87 43.55 10.86 43.83 10.59 2.87 Oct 2.91 43.49 10.98 43.87 10.71 2.80 Major Exporters 3/ Sep 0.81 18.81 0.27 11.19 7.84 0.86 Oct 0.91 18.81 0.30 11.09 8.01 0.92 Argentina Sep 0.32 8.44 0.01 2.82 5.61 0.34 Oct 0.29 8.44 0.01 2.82 5.61 0.31 Brazil Sep 0.24 7.75 0.01 6.42 1.33 0.25 Oct 0.29 7.75 0.04 6.32 1.50 0.26 European Union Sep 0.25 2.62 0.25 1.95 0.90 0.28 Oct 0.33 2.62 0.25 1.95 0.90 0.35 Major Importers 4/ Sep 1.14 17.49 5.74 22.99 0.19 1.19 Oct 1.06 17.41 6.05 23.29 0.19 1.04 China Sep 0.70 15.59 0.82 16.20 0.11 0.80 Oct 0.62 15.50 0.82 16.20 0.11 0.63 India Sep 0.34 1.35 3.30 4.70 0.00 0.29 Oct 0.36 1.35 3.60 5.00 0.00 0.31 North Africa 5/ Sep 0.09 0.56 1.62 2.09 0.08 0.10 Oct 0.09 0.55 1.63 2.09 0.08 0.10 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketi ng years and to time lags be tween reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Brazil an d European Union. 4/ Chin a, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. October 2016 WASDE - 558 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef PorkRed Mea t 2/Broile r Turkey Total Poultry 3 /Red Meat & PoultryEgg Milk Million Pounds Mil doz Bil lbs 2015 IV 6,109 6,457 12,625 9,937 1,458 11,526 24,150 1,979 51.3 Annual 23,698 24,501 48,432 40,048 5, 627 46,198 94,630 7,975 208.6 2016 I 5,935 6,230 12,222 10,039 1,435 11,609 23,830 2,039 53.0 II 6,187 5,962 12,206 10,253 1,520 11,911 24,117 2,077 54.4 III 6,445 6,095 12,594 10,350 1,525 12,005 24,599 2,115 52.7 IV* 6,400 6,625 13,082 10,100 1,580 11,810 24,892 2,145 52.6 Annual Sep Proj. 24,942 24,892 50,057 40,902 6, 060 47,495 97,552 8,349 212.2 Oct Proj. 24,967 24,912 50,104 40,742 6, 060 47,335 97,439 8,376 212.7 2017 I* 6,130 6,440 12,628 10,150 1,445 11,725 24,353 2,115 53.8 II* 6,470 6,150 12,680 10,450 1,525 12,118 24,798 2,120 55.7 III* 6,670 6,415 13,142 10,650 1,550 12,342 25,484 2,130 53.9 Annual Sep Proj. 25,800 25,510 51,546 42,005 6,135 48,695 100,241 8,515 216.1 Oct Proj. 25,880 25,865 51,979 41,650 6,135 48,340 100,319 8,570 217.3 * Projection. 1/ Commercial production for re d meats; federally inspected for poultry me ats. 2/ Beef, pork, veal and lamb & mut ton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/Barrows and gilts 3/Broilers 4/Turkeys 5/Eggs 6/Milk 7/ Dol./cw t Dol./cw t Cents/lb. Cents/lb. Cents/doz. Dol./cw t 2015 IV 127.71 44.66 77.2 130.1 174.1 17.73 Annual 148.12 50.23 90.5 116.2 181.8 17.12 2016 I 134.81 44.63 84.6 114.7 121.5 15.70 II 127.68 53.71 93.0 116.5 67.9 14.77 III 113.26 49.26 81.7 120.7 71.6 16.80-16.90 IV* 110-114 36-38 74-78 120-124 78-82 15.85-16.25 Annual Sep Proj. 123-125 47-47 85-86 118-120 86-87 16.10-16.30 Oct Proj. 121.94 46.15 83.8 118.5 85.3 15.80-15.90 2017 I* 109-117 38-40 77-83 107-115 72-78 15.35-16.05 II* 111-121 43-47 80-86 108-118 91-99 15.05-16.05 III* 112-122 42-46 80-86 113-123 98-106 15.70-16.70 Annual Sep Proj. 116-126 42-45 85-92 111-120 95-103 16.15-17.15 Oct Proj. 112-121 39-43 78-85 111-120 93-100 15.55-16.45 *Projection. 1/ Simple average of months. 2/ 5-Area, Direct, To tal all grades 3/ National Base, Live equiv 51-52% lean. 4/ Whol esale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, Ne w York, volume buyers. 7/ Prices received by farmers for all milk. October 2016 WASDE - 558 - 32 U.S. Meats Supply and Use Item Beginning stocksProduction 1/ ImportsTotal Supply ExportsEnding Stocks Total UsePer Capita 2/ 3/ Million Pounds /4 Beef 2015 591 23,760 3,371 27,721 2,265 683 24,773 53.9 2016 Proj. Sep 683 25,006 2,955 28,644 2,460 630 25,554 55.2 Oct 683 25,031 3,020 28,734 2,470 630 25,634 55.4 2017 Proj. Sep 630 25,864 2,600 29,094 2,580 600 25,914 55.6 Oct 630 25,944 2,680 29,254 2,630 600 26,024 55.8 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2015 559 24,517 1,116 26,191 5,009 590 20,593 49.7 2016 Proj. Sep 590 24,908 1,150 26,647 5,193 625 20,829 49.9 Oct 590 24,928 1,140 26,657 5,193 625 20,839 49.9 2017 Proj. Sep 625 25,526 1,160 27,311 5,300 635 21,376 50.8 Oct 625 25,881 1,160 27,666 5,400 635 21,631 51.4 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2015 1,190 48,520 4,700 54,410 7,279 1,320 45,810 104.8 2016 Proj. Sep 1,320 50,147 4,326 55,793 7,659 1,301 46,833 106.3 Oct 1,320 50,194 4,379 55,893 7,668 1,301 46,924 106.5 2017 Proj. Sep 1,301 51,636 3,948 56,885 7,888 1,280 47,717 107.6 Oct 1,301 52,069 4,028 57,398 8,038 1,280 48,080 108.4 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2015 680 39,620 131 40,431 6,321 832 33,277 88.9 2016 Proj. Sep 832 40,464 131 41,428 6,565 800 34,063 90.3 Oct 832 40,306 131 41,269 6,565 800 33,904 89.9 2017 Proj. Sep 800 41,556 132 42,488 6,895 715 34,878 91.8 Oct 800 41,204 132 42,136 6,895 715 34,526 90.9 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2015 193 5,627 45 5,866 529 201 5,136 16.0 2016 Proj. Sep 201 6,060 48 6,309 565 240 5,504 17.0 Oct 201 6,060 48 6,309 565 240 5,504 17.0 2017 Proj. Sep 240 6,135 40 6,415 630 250 5,535 17.0 Oct 240 6,135 40 6,415 630 250 5,535 17.0 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2015 877 45,769 177 46,823 6,995 1,041 38,787 106.0 2016 Proj. Sep 1,041 47,056 182 48,279 7,275 1,049 39,955 108.5 Oct 1,041 46,898 182 48,121 7,275 1,049 39,797 108.0 2017 Proj. Sep 1,049 48,245 174 49,468 7,665 974 40,829 110.0 Oct 1,049 47,894 174 49,117 7,665 974 40,478 109.1 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2015 2,066 94,289 4,877 101,232 14,273 2,361 84,598 210.8 2016 Proj. Sep 2,361 97,203 4,508 104,072 14,934 2,350 86,788 214.8 Oct 2,361 97,092 4,561 104,014 14,943 2,350 86,721 214.5 2017 Proj. Sep 2,350 99,881 4,122 106,353 15,553 2,254 88,546 217.6 Oct 2,350 99,963 4,202 106,515 15,703 2,254 88,558 217.5 1/ Total including farm production for red meats and, for pou ltry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis for red meat an d broilers; certified ready-to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. October 2016 WASDE - 558 - 33 U.S. Egg Supply and Use Commodity 2014 2015 2016 Proj. 2016 Proj. 2017 Proj. 2017 Proj. Sep Oct Sep Oct Eggs Million Dozen Supply Beginning Stocks 23.0 23.3 31.1 31.1 27.0 27.0 Production 8,431.0 7,974.7 8,349.0 8,375.9 8,515.0 8,570.0 Imports 34.7 123.5 104.7 104.7 60.0 60.0 Total Supply 8,488.7 8,121.5 8,484.8 8,511.7 8,602.0 8,657.0 Use Exports 378.5 313.6 258.4 263.4 295.0 295.0 Hatching Use 980.6 995.6 1,012.0 1,012.0 1,040.0 1,040.0 Ending Stocks 23.3 31.1 27.0 27.0 27.0 27.0 Disappearance Total 7,106.2 6,781.2 7,187.4 7,209.3 7,240.0 7,295.0 Per Capita (number) 267.1 252.9 266.1 266.9 266.2 268.2 Total U.S. Milk Supply and Use Commodity 2014 2015 2016 Proj. 2016 Proj. 2017 Proj. 2017 Proj. Sep Oct Sep Oct Milk Billion Pounds Production 206.1 208.6 212.2 212.7 216.1 217.3 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 11.2 11.2 13.3 13.3 13.9 13.5 Marketings 205.1 207.7 211.3 211.7 215.1 216.4 Imports 4.3 5.7 7.0 7.2 6.9 7.1 Total Cml. Supply 220.6 224.6 231.6 232.2 235.9 236.9 Fat Basis Use Commercial Exports 12.4 8.8 8.7 9.0 8.9 9.1 Ending Commercial Stocks 11.2 13.3 13.9 13.5 13.1 12.8 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 196.9 202.5 209.0 209.7 213.9 215.0 Skim-solid Basis Supply Beg. Commercial Stocks 11.7 13.1 13.9 13.9 13.8 13.5 Marketings 205.1 207.7 211.3 211.7 215.1 216.4 Imports 5.6 6.0 6.6 6.7 6.3 6.4 Total Cml. Supply 222.4 226.7 231.7 232.2 235.2 236.2 Skim-solid Basis Use Commercial Exports 39.0 37.3 37.6 38.5 38.1 39.7 Ending Commercial Stocks 13.1 13.9 13.8 13.5 13.3 13.2 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 170.3 175.5 180.3 180.2 183.8 183.3 Total Note: Totals may not add due to rounding. October 2016 WASDE - 558 - 34 U.S. Dairy Prices Commodity 2014 2015 2016 Proj. 2016 Proj. 2017 Proj. 2017 Proj. Sep Oct Sep Oct Product Prices 1/ Dollars Pe r Pound Cheese 2.1551 1.6454 1.600- 1.6201.550- 1.5601.605- 1.705 1.510- 1.600 Butter 2.1361 2.0670 2.080- 2.1202.040- 2.0701.955- 2.085 1.855- 1.975 Nonfat Dry Milk 1.7682 0.9016 0.810- 0.8300.825- 0.8450.890- 0.960 0.925- 0.995 Dry Whey 0.6538 0.3804 0.260- 0.2800.270- 0.2800.295- 0.325 0.330- 0.360 Filler Dollars Pe r Cwt Milk Prices 2/ Class III 22.34 15.80 14.75- 14.9514.30- 14.4014.95- 15.95 14.20- 15.10 Class IV 22.09 14.35 13.65- 13.9513.60- 13.8013.80- 14.90 13.70- 14.70 All Milk 3/ 23.97 17.12 16.10- 16.3015.80- 15.9016.15- 17.15 15.55- 16.45 1/ Simple average of monthly prices calculated by AMS from weekly averag e dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test . 3/ Does not reflect any deductions from producers as authori zed by legislation. October 2016 WASDE - 558 - 35 Reliability of October Projections 1/ Note: Tables on pages 35-37 present a record of the October proj ection and the final Estimate. Us ing world wheat production as a n example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 1.7 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 2.9 percent. The averag e difference between the October projection and the final estimate is 7.5 million tons, ranging from 1.2 million to 26.7 million tons. The October projection has been below the estimate 25 times and above 9 times. Differences between forecast and final estimate 90 percen t Years Commodity and Region Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final WHEAT Percen t Million Metric Tons Production Worl d 1.7 2.9 7.5 1.2 26.7 25 9 U.S. 0.5 0.8 0.2 0.0 1.2 12 16 Forei gn 1.9 3.3 7.5 1.4 26.8 25 9 Exports Worl d 5.8 9.8 5.9 0.0 19.3 26 7 U.S. 8.4 14.2 2.3 0.3 10.0 15 19 Forei gn 6.9 11.8 5.5 0.5 17.3 28 6 Domestic Use Worl d 1.5 2.6 6.6 0.5 22.7 19 15 U.S. 5.9 10.1 1.6 0.1 3.6 10 24 Forei gn 1.6 2.7 6.5 0.2 20.3 20 14 Endin g Stocks Worl d 8.2 14.0 9.9 0.6 32.5 26 8 U.S. 11.8 19.9 2.1 0.0 6.8 19 15 Forei gn 8.7 14.8 8.5 0.0 29.3 26 8 COARSE GRAINS 2/ Production Worl d 1.8 3.1 14.0 0.8 33.7 27 7 U.S. 2.7 4.7 4.5 0.1 17.9 20 14 Forei gn 2.3 3.8 12.9 0.6 30.0 28 6 Exports Worl d 7.4 12.5 7.0 0.1 28.9 23 11 U.S. 15.6 26.5 6.7 0.7 19.3 15 19 Forei gn 13.1 22.2 6.6 0.6 21.4 22 12 Domestic Use Worl d 1.5 2.6 11.5 0.2 27.9 21 13 U.S. 3.7 6.3 5.7 0.0 17.0 17 17 Forei gn 1.6 2.8 9.6 0.0 27.4 22 12 Endin g Stocks Worl d 11.8 20.1 14.8 0.2 41.2 27 7 U.S. 22.7 38.5 8.8 0.5 29.1 18 16 Forei gn 15.1 25.6 12.8 0.7 44.4 29 5 RICE , milled Production Worl d 2.3 4.0 6.3 0.0 20.9 26 7 U.S. 3.3 5.6 0.1 0.0 0.5 20 14 Forei gn 2.4 4.0 6.3 0.1 21.0 26 8 Exports Worl d 9.4 15.9 1.5 0.1 6.3 25 9 U.S. 10.1 17.1 0.2 0.0 0.8 18 14 Forei gn 10.7 18.2 1.5 0.0 6.3 25 9 Domestic Use Worl d 1.9 3.2 4.5 0.3 20.3 26 8 U.S. 7.6 12.9 0.2 0.0 0.6 16 17 Forei gn 1.9 3.3 4.5 0.1 20.7 26 8 Endin g Stocks World 11.7 19.8 5.4 0.2 24.4 27 7 U.S. 23.9 40.6 0.2 0.0 0.8 18 15 Forei gn 12.3 20.8 5.5 0.6 24.2 27 7 1/ Footnotes at end of table. CONTINUED October 2016 WASDE - 558 - 36 Reliability of October Projections (Continued) 1/ Differences between forecast and final estimate 90 percen t Years Commodity and Region Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final SOYBEANS Percent Million Metric Tons Production World 4.5 7.6 6.2 0.1 28.7 18 16 U.S. 2.9 5.0 1.5 0.0 3.8 15 19 Foreign 7.3 12.4 6.2 0.0 28.1 17 17 Exports World 7.8 13.2 3.5 0.3 13.0 21 13 U.S. 11.5 19.5 2.5 0.1 7.5 22 12 Foreign 18.7 31.7 2.8 0.1 11.4 15 19 Domestic Use World 3.2 5.4 4.4 0.0 14.0 21 13 U.S. 3.9 6.6 1.3 0.0 4.5 22 11 Foreign 3.9 6.7 4.0 0.1 11.0 22 12 Ending Stocks World 18.0 30.5 4.8 0.3 15.0 19 15 U.S. 45.3 76.9 2.2 0.0 6.6 6 28 Foreign 19.7 33.3 4.2 0.3 12.0 19 15 COTTON Million 480-Pound Bales Production World 4.6 7.8 2.9 0.0 10.9 18 15 U.S. 4.5 7.6 0.6 0.0 1.7 21 13 Foreign 5.3 9.1 2.7 0.0 10.5 17 16 Exports World 7.8 13.3 1.9 0.1 8.5 20 14 U.S. 18.1 30.7 1.1 0.1 3.1 20 14 Foreign 10.8 18.4 1.6 0.1 8.3 17 17 Domestic Use World 3.8 6.5 2.9 0.1 11.7 15 19 U.S. 7.7 13.1 0.4 0.0 1.2 18 15 Foreign 3.9 6.7 2.8 0.0 10.9 15 19 Ending Stocks World 13.7 23.3 4.8 0.0 15.1 20 13 U.S. 32.0 54.3 1.2 0.0 4.3 10 23 Foreign 14.8 25.1 4.5 0.2 15.6 24 10 1/ Marketing years 1981/82 through 2015/16 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2014/15, and for 2015/16 last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. October 2016 WASDE - 558 - 37 Reliability of United States October Projections 1/ Differences between forecast and final estimate 90 percen t Years Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final CORN Percent Million Bushels Production 2.9 4.9 174 5 618 19 15 Exports 16.2 27.4 239 12 700 15 19 Domestic Use 4.1 6.9 227 14 558 20 14 Ending Stocks 25.6 43.4 327 18 1,187 18 16 SORGHUM Production 5 . 0 8 . 42 0 17 12 01 4 Exports 22.7 38.5 40 1 130 20 14 Domestic Use 19.4 33.0 38 0 125 16 17 Ending Stocks 48.7 82.7 30 0 142 11 22 BARLEY Production 1.5 2.6 4 0 24 9 15 Exports 49.2 83.5 12 0 38 15 16 Domestic Use 7.2 12.3 18 0 70 12 21 Ending Stocks 13.5 22.9 14 1 56 22 12 OATS Production 2.6 4.4 2 0 18 6 11 Exports 9 5 . 2 1 6 1 . 61088 1 2 Domestic Use 4 . 9 8 . 31 1 03 91 32 0 Ending Stocks 23.6 40.1 16 1 47 23 11 SOYBEAN MEAL Thousand Short Tons Production 3.6 6.1 1,052 123 2,815 24 10 Exports 11.9 20.3 737 0 2,100 19 14 Domestic Use 3.6 6.1 770 45 2,650 19 15 Ending Stocks 33.7 57.1 49 0 198 12 15 SOYBEAN OIL Million Pounds Production 3.9 6.5 504 1 1,473 25 9 Exports 30.9 52.4 381 25 1,525 19 15 Domestic Use 3.9 6.7 428 20 1,928 23 11 Ending Stocks 26.8 45.5 402 35 1,327 16 18 ANIMAL PROD. 3/ Million Pounds Beef 4.0 6.8 799 18 2,461 22 11 Pork 3.3 5.7 427 2 1,592 19 14 Broilers 1.9 3.3 440 23 1,337 20 13 Turkeys 3.8 6.4 140 2 444 19 14 Million Dozen Eggs 1.8 3.1 97 4 468 21 12 Billion Pounds Milk 1.5 2.6 1.8 0.0 6.8 18 13 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2015/16 for grains, soybeans, and cotton. Final for grains, so ybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2014/15, and for 2015/16 last month’s estimate. Calendar years 1982 through 2015 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982-2015. WASDE-558-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oc e/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Produc tion, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 19 0 countries and regions at http://www.fas.usda.gov/psd/online . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric-Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 WASDE Notification System Subscribers are notified through GovDelivery when the monthly World Agricultural Supply and Demand Estimates (WASDE ) report is available. Previous WASDE reports are available at http://usda.mannlib.cornell.edu/MannUsd a/viewDocumentInfo.do?documentID=1194 For questions contact: Susan Carter at 202-720-5447 or [email protected] World Agricultural Suppl y and Demand Estimates WASDE-558 – October 12, 2016 WASDE Briefing Slides: The briefing slides wh ich accompany today’s WASDE report will be available at http://www.usda.gov/oce /commodity/wasde/ Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e-mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu . Select the “Reports by E-Mail” bar to sign up. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250-9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554-9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 555 Approved by the Worl d Agricultural Outlook Board July 12, 2016 NOTE: This report adopts U.S. area, yiel d, and production forecasts for winter wheat, durum, other spring wheat, barley, and oats released today by the National Agricultural St atistics Service (NASS). For rice, corn, sorghum, soybeans, and cotton, area es timates reflect the June 30 NASS Acreage report, and methods used to project production are noted on each table. The first survey-based 2016 production fo recasts for those crops will be reported by NASS on August 12. WHEAT: Projected U.S. supplies for 2016/17 are raised 180 million bushels this month on increased production and slightly higher beginning stocks. A 5-million-bushel decrease in imports is minimally offsetting. Production is raised throughout the wheat belt. Winter wheat yields are projected to be record high, and spri ng wheat yields are slightly above average. Feed and residual use for 2016/17 is raised 100 million bushels to 300 million on the larger supplies and increased wheat price competitiveness with corn. U.S. exports are raised 25 million bushels to 925 million, which would be the highest in 3 years. Ending stocks are raised 55 million bushels to 1,105 million bushels, the highest since 1988/89. With the large increase in carryover stocks, the season-average farm pr ice is lowered $0.20 per bushel at the midpoint to a projected range of $3.40 to $4.20. Global 2016/17 wheat supplies are raised 9.2 million tons to 983.0 million on increased production as well as a 1.5-million-ton increase in beginning stocks. Foreign production is raised 2.7 million tons led by 1.0-million-ton increases for both Russia and Ukraine on favorable weather. Production for Argentina, Australia, and Canada are each raised 0.5 million tons. These increases are partially offset by a 1.0-million-ton decrease for the EU on heavy rain in France and a 0.7-million-ton decrease for Algeria on a worse-than-expected impact from drought. Total world production is now projected at a record 738.5 million tons. Global use for 2016/17 is raised 13.3 million tons to 729.3 million, primarily on increased feed use, stemming from the large world supplies and heavy late-season rain in several production regions. Feed use in China and the EU are raised 5.5 million tons and 1.5 million tons, respectively. Global food and industrial use is raised 1.7 million tons, led by a 1.0-million-ton increase for China. Global 2016/17 exports are raised 2.8 million tons on increased supplies and strong demand in several countries. Foreign ex port increases are led by a 1.0-million-ton increase for Ukraine, and 0.5 million tons each for Argentina, Australia, Canada, Russia, and Turkey. The increases are partly offset by a 1.5-million-ton reduction for EU exports on a smaller crop and increased domestic feed use. With total use rising faster than supplies, world ending stocks are lowered 4.1 million tons to 253.7 million, but remain record large. COARSE GRAINS: Projected 2016/17 U.S. feed grain supplies are raised this month as lower beginning stocks are more than offset by increas ed production. Corn beginning stocks for 2016/17 are lowered 7 million bushels as reductions in 2015/16 feed and residual use and use for ethanol production are more than offset by increases in exports and seed use. Corn production for 2016/17 is projected 110 million bushels higher reflecting the increased planted and harvested areas from the June 30 Acreage report. Projected sorghum production for 2016/17 is raised 13 million bushels on higher expected harvested area. Oats production is WASDE-555-2 forecast 9 million bushels higher and barley production is foreca st 10 million bushels lower in today’s Crop Production report mostly reflecting area adjustments in the Acreage report. Projected 2016/17 U.S. corn use is raised 30 million bushels as increased prospects fo r exports and higher seed use more than offset lower projected use for feed and residual and ethanol production. Exports are project ed 100 million bushels higher on re duced competition from Brazil, as reflected by new-crop export sales that are well above a year ago. Projected feed and residual use for 2016/17 is lowered, despite the la rger crop, reflecting implications of the lower- than-expected disappearance for 2015/16 indicated by the June 30 Grain Stocks report. Projected corn use for ethanol is lowered 25 million bushels in line with changes for 2015/16 driven by the latest data from the Grain Crushings and Co-Products Production report. Corn seed use is revised higher back to 1995/96 to better reflect rising plant populations reported in the NASS objective yield survey data. Updated seed use estimates will be available in this month’s Economic Research Service Feed Outlook and from the Feed Grains Database at http://www.ers.usda.gov/data-produ cts/feed-grains-database.aspx . Corn ending stocks for 2016/17 are projected 73 million bushels higher. Projected season- average prices received by producers for 2016/17 are lowered for all the feed grains, with corn down 10 cents to $3.10 to $3.70 per bushel. For 2015/16 the corn price is lowered 5 cents at the midpoint to a range of $3.60 to $3.70 per bushel. Global coarse grain supplies for 2016/17 are projected slightly lower this month. Coarse grain beginning stocks are down slightly from last month mostly reflecting reductions in barley for the EU and corn for Brazil. Partly offsetting are higher corn stocks for China and Mexico. Global coarse grain output is largely unchanged with lower corn and barley production mostly offset by higher oats, sorghum, and rye production. Brazil corn production for 2016/17 is reduced 2.0 million tons based on lowered yield expectations. Canada co rn production for 2016/17 is lowered 1.3 million tons based on the latest area information from Statistics Canada and lower yield prospects following one of the driest Junes in over 30 years in Ontario. Global barley production for 2016/17 is lowered, mostly on reductions for Turkey, Canada, Algeria, and Morocco, which more than offset increas es for Australia, Ukraine and Uruguay. Brazil corn production for 2015/16 is lowered 7.5 million tons reflecting the latest government statistics which confirm the adverse impact of this year’s early end to the rainy season in much of central Brazil. An unusual early June freeze also adversely affected second-crop corn in Parana following what had been a generally favorable growing season. Argentina corn production for 2015/16 is raised 1.0 million tons based on harvest data reported to date. Global 2016/17 coarse grain cons umption is lowered 3.3 million to ns, mostly reflecting reduced corn feeding for the United States, Brazil, China, EU, South Korea, and Indonesia. Larger global supplies of feed-quality wheat are expected to undercut corn in price sensitive markets in the EU and Asia. EU corn imports are lowered for 2015/16 and 2016/17 with greater wheat and barley feeding. Brazil corn exports are lowered for 2015/16 and 2016/17, down 4.0 million tons and 1.0 million tons, respectively. Gl obal 2016/17 corn ending stocks ar e projected 3.3 million tons higher mostly on a 2.1-million-ton increase for China. Outside of China, corn stocks are 1.2 million tons higher with larger stocks for the United States and Indonesia more than offsetting reductions for Brazil, Japan, and Canada. RICE: U.S. 2016/17 all rice supplies are raised 12.0 million cwt to 309.9 million on a production increase that is partially offset by lower beginn ing stocks. Long-grain production is raised 2.0 million cwt while co mbined medium- and short-grain production is rais ed 12.0 million cwt. The production increase reflects the 148,000 acre increase in planted area (mostly California WASDE-555-3 medium- and short-grain rice) from NASS’ June Acreage report. Harvested area is forecast at 3.2 million acres, up 24 percent from the previous year. Beginnin g stocks are reduced 2.0 million cwt on an equivalent increase in 2015/16 exports. For 2016/17, all rice domestic and residual use and exports are each raised 3.0 million cwt to 138.0 milli on and 115.0 million, respectively. Ending stocks are unchanged for lo ng-grain, but raised 6.0 million to 16.5 million for medium- and short-grain. All rice ending stocks are now forecast at 56.9 million cwt, the largest since 1985/86. The all rice season-average farm price is lowered $0.40 per cwt at the midpoint to a projected range of $11.20 to $12.20, reflecting lower expected California prices. Global rice supplies for 2016/17 are raised 0.6 million tons primarily on the larger U.S. crop. Several mostly offsetting changes are made for 2015/16 and 2016/17 exports, imports, and domestic use. Global ending stoc ks for 2016/17 are raised 0.4 millio n tons to 107.3 million. OILSEEDS: U.S. oilseed production fo r 2016/17 is projected at 115. 4 million tons, up 2.5 million tons mainly on higher soybea n production. Soybean producti on is projected at 3,880 million bushels, up 80 million due to increased harvested area. Harvested area, forecast at a record 83.0 million acres in the June 30 Acreage report, is 1.6 million abov e the June forecast. The soybean yield is projected at 46.7 bushels per acre, unchanged from last month. Soybean supplies are raised 60 milli on bushels with lower beginning stocks partly offsetting production gains. With increased supplies, soybean crush and exports are raised 10 and 20 million bushels respectively. Soybean ending stoc ks are projected at 290 million bu shels, up 30 million from last month. Soybean exports for 2015/16 are projected at 1,795 million bushe ls, up 35 millio n reflecting shipments and outstanding sales through early July. Residual use is reduced based on indications from the June 30 Grain Stocks report. Soybean ending stocks for 2015/16 are projected at 350 million bushels, down 20 million from last month. The U.S. season-average soybean price for 2016/17 is projected at $8.75 to $10.25 per bushel, unchanged from last month. The soybean meal pric e is projected at $325 to $365 per short ton, up 5 dollars on both ends. The soybean oil price is projected at 29.5 to 32.5 cents per pound, down 1 cent on both ends of the range. Global oilseed production for 2016/ 17 is projected at 536.4 million tons, up 2.6 million from last month with U.S. soybean production accounting for most of the change. Foreign oilseed production is projected at 42 1.1 million tons, up 0.1 mil lion with higher rapeseed and sunflowerseed production mostly offset with lower forecasts for cottonseed and copra. Rapeseed production is raised for Canada mainly on increased planted area reported by Statistics Canada. Rapeseed production is reduc ed for the EU on lower harvested area and yields. Lower yields reflect excessive June rain fall, mainly in France. Other changes include increased soybean production for Canada and increased peanut production for the United States. Cottonseed production is reduced for Indi a and Pakistan with partly offsetting increases for the United States and Australia. Global oilseed ending stocks for 2016/17 are projected at 76.1 million tons, up 1.0 million with higher soybean, rapeseed , and sunflowers eed stocks only partly offset with lower peanut stocks. Global vegetable oil stocks are raised mainly reflecting historical revisions for Indonesia. SUGAR: Sugar production for the fiscal year (FY) 2016/17 is increased 250,896 short tons, raw value (STRV) to 8.961 million resulting from increases made by NASS in the June 30 Acreage report. Sugarbeet planted area is forecast at 1.166 million tons, up slightly from last year and 0.6 percent above Prospective Plantings . Sugarbeet harvested area is projected at 1.149 million acres, an increase of 2.2 percent over the level used for projecting production in the June 2016 WASDE-555-4 WASDE . Projected 2016/17 beet sugar production for the August/July crop year is increased 115,000 STRV to 5.333 m illion. With 11.5 percen t of the crop expected to be harvested prior to the start of the fiscal ye ar, production for FY 2016 /17 is increased 101,774 STRV to 5.192 million. NASS projects sugarcane harvested area at 918,200 acres, up 3.5 percent from last year. That increase, along with sugar yield in Texas return ing to historical levels , implies an increase in 2016/17 cane sugar production of 149,000 STRV to 3.769 million. Imports for 2016/17 are reduced by 408,090 ST RV to 3.068 million. Reduced imports from Mexico totaling 387,109 STRV account for most of the decrease. Beginning stocks for 2016/17 are reduced by 53,308 STRV due to lowered beet sugar production for 2015/16 and fewer imports under tariff-rate quotas for raw sugar an d certain free trade agreements for 2015/16. Ending stocks for 2016/17 are projected residually at 1.654 million STRV, implying an ending stocks-to-use ratio of 13.5 percent. Beginning stocks for 2016/17 in Mexico are reduced 165,107 metric tons (MT) due to less 2015/16 production than projected last month and increased sugar for domestic consumption. Deliveries for consumption in 2016/17 are expected to increase in line with the 2015/16 increase by 100,508 MT. Exports to the United States are projected to decrease 331,302 MT to 1.173 million, based on c hanges made in this month’s July 2016 WASDE for the United States as per the Countervailing Duty (CVD) Suspension Agreem ent of December 19, 20 14 (“Target Quantity of U.S. Sugar Needs”). Endi ng stocks for 2016/17 are projecte d residually at 1.275 million MT, up 65,687 as lower beginning stocks and increased domestic deliveries partially offset the reduction in exports. LIVESTOCK, POULTRY, AND DAIRY: The forecast for total red meat and poultry production for 2016 is raised from last month. Beef production is forecast higher largely on the pace of slaughter in the second quarter, but also as feedlot marketings during the second half of the year are expected to remain relatively high. Pork production for 2016 is also raised, based on second quarter slaughter and larger expected slaughter in th e fourth quarter. Broiler production for 2016 is raised on year-to-date production and hatchery data. The turkey production forecast is raised on second quarter production data. For 2017, pork production is reduced. In the June 24 Quarterly Hogs and Pigs report, producers indicated intentions to have fewer sows farrow in the second half of 2016 compared to 2015. No change is made to the 2017 production forecasts for beef or poultry. Table egg production is raised for both 2016 and 2017 on improved returns. Only small changes are made to the beef and po rk trade forecasts for 2016 and no change is made to the 2017 forecast. Both beef imports and exports are raised based on May trade data. Pork imports are lowered, but exports are raised. Broiler exports are raised slightly for 2016 and 2017, based on the recent reopening of South Korea to U.S. fresh and frozen poultry meat. No change is made to turkey exports. Cattle price forecasts for second-half 2016 are unchanged from last month as is the 2017 forecast. Hog prices are raised for both years on current prices and lower expected supplies of hogs in 2017. Broiler prices are unchanged for both 2016 and 2017. Turkey prices are raised for the second-half of 2016, but are unchanged for 2017. Egg prices are raised for 2016 as demand has begun to recover; the forecast for 2017 is unchanged. The milk production forecast for 2016 is lowe red from last month as the pace of cow herd expansion has slowed. However, the production forecast for 2017 is raised as higher forecast milk prices and lower feed costs in late 2016 and early 2017 are expected to lead to higher 2017 cow numbers. Fat basis exports are lowered for 2016 as slowing sales of butterfat products more than offset higher whole milk powder (WMP) exports. The forecast for 2017 is unchanged. WASDE-555-5 On a skim-solids basis, the export forecasts for 2016 and 2017 are raised on higher WMP sales. For 2016 and 2017, imports are unchanged on a fat basis, but are raised on a skim-solids basis. Fat basis stocks are forecast higher as stocks of butter remain high, but on a skim-solids basis, stocks are reduced. Cheese, butter, nonfat dry milk, and whey prices for 2016 and 2017 are forecast higher as demand remains robust. Class III and Class IV price forecasts are raised for both 2016 and 2017 as the component product prices forecasts ar e raised. The all milk prices are forecast higher at $15.55 to $15.85 per cwt for 2016 and $15.70 to $16.70 per cwt for 2017. COTTON: The U.S. 2016/17 cotton projections show higher production offset by higher exports, with beginning and ending stocks revised down from last month. The 1.0-million-bale increase in the crop projection is attributable mainly to hig her planted area as indicated in the June 30 Acreage report, combined with slightly more favorable assumptions about abandonment and yield based on current conditions. Domestic m ill use is unchanged, but exports are projected sharply higher due to the larger U.S. supply and an expectation of continued tight foreign stocks. The projected range of 52 to 66 cents per pound for the marketing year average price received by producers is raised 5 cents on the lower end and reduced 1 cent on the upper end; the midpoint of 59 cents is raised 2 cents from last month. A combination of modestly lower production and significantly higher consumption is reducing this month’s global cotton stock forecasts for both 2015/16 and 2016/17. The world carryin for 2016/17 is decreased 1.8 million bales owing to a sharp increase of 1.5 million bales in estimated 2015/16 China consumption. Recent strong demand for the government’s reserve sales indicates that mills are consuming more cotton than previously estimated. A parallel increase is made in projected China consumption for 2016/17. World 2016/17 production is reduced about 600,000 bales, despite the higher expected U.S. crop, mainly on reduced area expectations for Pakistan and India. Production is also raised for Australia, but is lowered for Greece and Uzbekistan. Smaller foreign cr ops are raising impor ts and reducing exports, especially for Pakistan. World 2016/17 ending stocks are now pr ojected at 91.3 million bales, a reduction of 9.0 million from the beginning level. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Seth D. Meyer, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: ROBERT C. JOHANSSON SECRETARY OF AGRICULTURE DESIGNATE WASDE-555-6 INTERAGENCY COMMODIT Y ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers, ICEC Chair, WAOB, E-mail : [email protected] Jennifer Bond, ERS; Teresa McKeiv ier, FAS; Mark Simone, FSA. Rice: William Chambers, ICEC Chair, WAOB, E-mail : wchambers @oce.usda.gov Nathan Childs, ERS; Rachel Tr ego, FAS; Mark Simone, FSA. Feed Grains: Jerry Norton, ICEC Chair, WAOB, E-mail : [email protected] Thomas Capehart, ERS; Yoonhee Mack e, FAS; Susan Proper, FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail : [email protected] Mark Ash, ERS; Bill George , FAS; Susan Proper, FSA. Cotton: Carol Skelly, ICEC Chair, WAOB, E-mail : [email protected] Darryl Earnest, AMS; Leslie Me yer, ERS; James Johnson, FAS; Sherrie Grimm, FSA. Sugar: Stephen Haley, ICEC Chair, WAOB, E-mail : [email protected] Michael McConnell, ERS; Ron Lor d, FAS; Barbar a Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Cl aire Mezoughem, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Larry Haller, AMS; David Harvey, ERS; Joa nna Hitchner, FAS; Milt on Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Roger Cryan, AMS; Jerry Cessna, ERS; Pa ul Kiendl, FAS; Milt on Madison, FSA. In 2016, the WASDE report will be released on Aug. 12, Sep. 12, Oct. 12, Nov. 9, Dec. 9. WASDE-555-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................... 1 Interagency Commodity Estimates Committees ..................................................... 6 World & U.S. Supply & Use for Grains ................................................................... 8 World & U.S. Supply & Use for Cotton ................................................................... 9 World & U.S. Supply & Use for Oilseeds .............................................................. 10 U.S. Wheat Supply & Use .................................................................................... 11 U.S. Wheat Supply & Use by Class ..................................................................... 11 U.S. Feed Grain & Corn Supply & Use ................................................................ 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13 U.S. Rice Supply & Use ....................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................ 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ............................................................................. 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use .................................................................................. 18 World Coarse Grains Supply & Use ..................................................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use ..................................................................................... 24 World Cotton Supply & Use ................................................................................. 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ..................................................................... 29 World Soybean Oil Supply & Use......................................................................... 30 U.S. Quarterly Animal Product Production ........................................................... 31 U.S. Quarterly Prices for Animal Products ........................................................... 31 U.S. Meats Supply and Use ................................................................................. 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use .................................................................................... 33 U.S. Dairy Prices ................................................................................................. 34 Reliability Tables ................................................................................................. 35 Related USDA Reports ........................................................................................ 38 Metric Conversion Factors ................................................................................... 38 Electronic Access and Subscriptions ....................................................................... 40 July 2016 WASDE - 555 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Outpu tTotal SupplyTrade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2014/15 2511.75 3031.83 393.56 2454.61 577.23 2015/16 (Est.) 2453.35 3030.58 373.02 2436.74 593.84 filler filler filler filler filler 2016/17 (Proj.) Jun 2514.55 3107.01 377.89 2502.57 604.44 2016/17 (Proj.) Jul 2522.15 3115.98 381.36 2512.88 603.10 filler filler filler filler filler Wheat 2014/15 727.85 922.03 164.14 704.63 217.40 2015/16 (Est.) 734.62 952.02 169.23 707.50 244.52 filler filler filler filler filler 2016/17 (Proj.) Jun 730.83 973.83 165.59 716.00 257.84 2016/17 (Proj.) Jul 738.51 983.04 168.43 729.34 253.70 filler filler filler filler filler Coarse Grains 5/ 2014/15 1305.19 1517.29 185.63 1272.01 245.28 2015/16 (Est.) 1248.10 1493.38 162.50 1250.77 242.62 filler filler filler filler filler 2016/17 (Proj.) Jun 1303.00 1545.84 171.77 1306.19 239.65 2016/17 (Proj.) Jul 1302.40 1545.02 172.40 1302.92 242.10 filler filler filler filler filler Rice, milled 2014/15 478.70 592.51 43.78 477.97 114.54 2015/16 (Est.) 470.64 585.18 41.29 478.48 106.70 filler filler filler filler filler 2016/17 (Proj.) Jun 480.72 587.34 40.53 480.39 106.95 2016/17 (Proj.) Jul 481.23 587.93 40.53 480.63 107.30 filler filler filler filler filler United States Outpu tTotal Supply Trade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2014/15 439.49 499.16 83.13 347.06 68.98 2015/16 (Est.) 428.85 505.47 81.33 348.73 75.42 filler filler filler filler filler 2016/17 (Proj.) Jun 446.12 529.49 83.53 360.86 85.10 2016/17 (Proj.) Jul 454.72 537.51 86.85 361.98 88.68 filler filler filler filler filler Wheat 2014/15 55.15 75.28 23.25 31.55 20.48 2015/16 (Est.) 55.84 79.44 21.14 31.59 26.71 filler filler filler filler filler 2016/17 (Proj.) Jun 56.53 86.60 24.49 33.53 28.58 2016/17 (Proj.) Jul 61.53 91.51 25.17 36.25 30.08 filler filler filler filler filler Coarse Grains 5/ 2014/15 377.23 414.96 56.67 311.35 46.95 2015/16 (Est.) 366.90 417.62 56.91 313.29 47.41 filler filler filler filler filler 2016/17 (Proj.) Jun 382.26 433.43 55.48 323.04 54.90 2016/17 (Proj.) Jul 385.40 436.16 58.02 321.35 56.79 filler filler filler filler filler Rice, milled 2014/15 7.11 8.91 3.21 4.16 1.55 2015/16 (Est.) 6.11 8.42 3.27 3.85 1.30 filler filler filler filler filler 2016/17 (Proj.) Jun 7.34 9.46 3.56 4.29 1.62 2016/17 (Proj.) Jul 7.78 9.84 3.65 4.38 1.81 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). July 2016 WASDE - 555 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Outpu tTotal Supply Trade 2 /Total UseEnding Stocks Total Grains 4/ 2014/15 2,072.26 2,532.68 310.43 2,107.55 508.25 2015/16 (Est.) 2,024.50 2,525.11 291.70 2,088.01 518.42 filler filler filler filler filler 2016/17 (Proj.) Jun 2,068.43 2,577.52 294.36 2,141.71 519.34 2016/17 (Proj.) Jul 2,067.43 2,578.48 294.51 2,150.90 514.42 filler filler filler filler filler Wheat 2014/15 672.70 846.75 140.90 673.07 196.92 2015/16 (Est.) 678.78 872.58 148.09 675.91 217.82 filler filler filler filler filler 2016/17 (Proj.) Jun 674.30 887.23 141.10 682.47 229.26 2016/17 (Proj.) Jul 676.98 891.53 143.25 693.08 223.62 filler filler filler filler filler Coarse Grains 5/ 2014/15 927.96 1,102.33 128.96 960.66 198.34 2015/16 (Est.) 881.20 1,075.77 105.59 937.48 195.20 filler filler filler filler filler 2016/17 (Proj.) Jun 920.75 1,112.41 116.29 983.14 184.75 2016/17 (Proj.) Jul 917.00 1,108.85 114.38 981.57 185.30 filler filler filler filler filler Rice, milled 2014/15 471.60 583.60 40.58 473.81 112.99 2015/16 (Est.) 464.53 576.76 38.02 474.63 105.40 filler filler filler filler filler 2016/17 (Proj.) Jun 473.38 577.88 36.97 476.11 105.33 2016/17 (Proj.) Jul 473.45 578.09 36.88 476.25 105.50 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales Outpu tTotal Supply Trade 2 /Total Use 3 /Ending Stocks World 2014/15 119.08 222.32 35.36 110.12 112.46 2015/16 (Est.) 97.92 210.38 34.31 110.20 100.27 filler filler filler filler filler 2016/17 (Proj.) Jun 103.17 205.24 33.33 110.59 94.73 2016/17 (Proj.) Jul 102.55 202.82 34.36 111.60 91.29 filler filler filler filler filler United States 2014/15 16.32 18.68 11.25 3.58 3.70 2015/16 (Est.) 12.89 16.62 9.20 3.55 3.90 filler filler filler filler filler 2016/17 (Proj.) Jun 14.80 18.91 10.50 3.60 4.80 2016/17 (Proj.) Jul 15.80 19.71 11.50 3.60 4.60 filler filler filler filler filler Foreign 4/ 2014/15 102.76 203.63 24.12 106.54 108.76 2015/16 (Est.) 85.03 193.76 25.11 106.65 96.37 filler filler filler filler filler 2016/17 (Proj.) Jun 88.37 186.33 22.83 106.99 89.93 2016/17 (Proj.) Jul 86.75 183.11 22.86 108.00 86.69 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. July 2016 WASDE - 555 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Outpu tTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2014/15 536.84 614.50 147.01 439.49 92.97 2015/16 (Est.) 518.31 611.28 151.68 450.16 82.61 filler filler filler filler filler 2016/17 (Proj.) Jun 533.87 616.80 155.51 461.61 75.11 2016/17 (Proj.) Jul 536.44 619.05 156.56 462.34 76.06 filler filler filler filler filler Oilmeals 2014/15 299.58 313.59 85.44 294.90 15.21 2015/16 (Est.) 309.09 324.30 89.93 306.23 14.88 filler filler filler filler filler 2016/17 (Proj.) Jun 317.44 331.86 92.71 316.58 13.03 2016/17 (Proj.) Jul 318.00 332.87 93.24 316.25 13.93 filler filler filler filler filler Vegetable Oils 2014/15 177.21 200.10 76.63 171.99 22.35 2015/16 (Est.) 179.32 201.66 77.37 178.82 19.73 filler filler filler filler filler 2016/17 (Proj.) Jun 185.92 204.07 78.74 183.70 17.03 2016/17 (Proj.) Jul 186.17 205.90 78.87 184.21 18.34 filler filler filler filler filler United States Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2014/15 116.03 121.82 51.14 55.11 6.76 2015/16 (Est.) 116.05 123.95 49.83 55.20 11.39 filler filler filler filler filler 2016/17 (Proj.) Jun 112.92 126.16 52.75 56.26 8.95 2016/17 (Proj.) Jul 115.38 128.04 53.29 56.57 9.86 filler filler filler filler filler Oilmeals 2014/15 43.27 47.42 12.18 34.95 0.29 2015/16 (Est.) 42.71 47.12 10.93 35.86 0.34 filler filler filler filler filler 2016/17 (Proj.) Jun 43.68 48.32 11.20 36.78 0.34 2016/17 (Proj.) Jul 43.87 48.50 11.38 36.79 0.34 filler filler filler filler filler Vegetable Oils 2014/15 10.94 16.13 1.17 13.75 1.21 2015/16 (Est.) 11.17 16.84 1.26 14.12 1.46 filler filler filler filler filler 2016/17 (Proj.) Jun 11.30 17.18 1.35 14.55 1.29 2016/17 (Proj.) Jul 11.36 17.25 1.35 14.67 1.23 filler filler filler filler filler Foreign 3/ OutputTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2014/15 420.81 492.68 95.88 384.38 86.22 2015/16 (Est.) 402.26 487.33 101.85 394.97 71.22 filler filler filler filler filler 2016/17 (Proj.) Jun 420.95 490.64 102.76 405.34 66.16 2016/17 (Proj.) Jul 421.06 491.01 103.27 405.78 66.20 filler filler filler filler filler Oilmeals 2014/15 256.31 266.16 73.26 259.95 14.92 2015/16 (Est.) 266.38 277.18 79.00 270.37 14.54 filler filler filler filler filler 2016/17 (Proj.) Jun 273.76 283.55 81.51 279.80 12.70 2016/17 (Proj.) Jul 274.13 284.37 81.86 279.46 13.60 filler filler filler filler filler Vegetable Oils 2014/15 166.27 183.97 75.45 158.24 21.14 2015/16 (Est.) 168.15 184.83 76.11 164.70 18.27 filler filler filler filler filler 2016/17 (Proj.) Jun 174.63 186.89 77.40 169.15 15.74 2016/17 (Proj.) Jul 174.81 188.65 77.52 169.53 17.11 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. July 2016 WASDE - 555 - 11 U.S. Wheat Supply and Use 1/ 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Jun Jul Million Acres Area Planted 56.8 54.6 49.6 * 50.8 Area Harvested 46.4 47.1 42.8 * 44.1 Bushels Yield per Harvested Acre 43.7 43.6 48.6 * 51.3 Million Bushels Beginning Stocks 590 752 980 981 Production 2,026 2,052 2,077 2,261 Imports 149 115 125 120 Supply, Total 2,766 2,919 3,182 3,362 Food 958 960 963 963 Seed 79 68 69 69 Feed and Residual 122 132 200 300 Domestic, Total 1,159 1,161 1,232 1,332 Exports 854 777 900 925 Use, Total 2,014 1,937 2,132 2,257 Ending Stocks 752 981 1,050 1,105 Avg. Farm Price ($/bu) 2/ 5.99 4.89 3.60 - 4.40 3.40 - 4.20 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winte rHard Red SpringSoft Red Winte r White Durum Total Millio n Bushel s 2015/16 (Est.) Beginning Stocks 294 212 154 67 26 752 Production 827 564 359 219 82 2,052 Supply, Total 3/ 1,127 826 531 292 142 2,919 Domestic Use 455 295 255 72 84 1,161 Exports 227 253 120 147 30 777 Use, Total 681 548 375 219 114 1,937 Ending Stocks, Total 446 278 157 74 28 981 2016/17 (Proj.) Beginning Stocks 446 278 157 74 28 981 Production 1,034 511 370 263 83 2,261 Supply, Total 3/ 1,485 834 552 346 146 3,362 Domestic Use 582 295 275 102 78 1,332 Exports 325 285 125 155 35 925 Use, Total 907 580 400 257 113 2,257 Ending Stocks, Total Jul 578 254 152 89 33 1,105 Ending Stocks, Total Jun NA NA NA NA NA NA Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing-year weighted average price received by farmers. 3/ Includes imports. * For June, planted acres reported in th e March 31, 2016, "Prospective Plantings." Winter wheat area harvested and yield reported in the June 10, 2016, "Crop Production." Area harvested and yield for other spring wheat and durum projected using 10-year harvested-to-planted ratios by state and 1985-2015 yield trends by state (except for Arizona, California, and Idaho du rum). For July, area planted, area harvested, yield, and production as reported in the July 10, 2016, "Crop Production." July 2016 WASDE - 555 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Jun Jul Million Acres Area Planted 103.5 103.1 106.7 * 107.4 * Area Harvested 93.1 93.0 95.9 * 96.7 * Metric Tons Yield per Harvested Acre 4.05 3.94 3.98 3.98 Million Metric Tons Beginning Stocks 34.3 46.9 47.8 47.4 Production 377.1 366.6 382.1 385.1 Imports 3.2 3.5 3.1 3.1 Supply, Total 414.5 417.1 433.0 435.6 Feed and Residual 139.3 137.5 146.2 144.9 Food, Seed & Industrial 171.6 175.3 176.4 175.9 Domestic, Total 310.9 312.8 322.6 320.8 Exports 56.7 56.9 55.5 58.0 Use, Total 367.6 369.7 378.1 378.8 Ending Stocks 46.9 47.4 54.9 56.8 CORN 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. June July Million Acres Area Planted 90.6 88.0 93.6 * 94.1 * Area Harvested 83.1 80.7 85.9 * 86.6 * Bushels Yield per Harvested Acre 171.0 168.4 168.0 * 168.0 * Million Bushels Beginning Stocks 1,232 1,731 1,708 1,701 Production 14,216 13,601 14,430 14,540 Imports 32 60 40 40 Supply, Total 15,479 15,392 16,178 16,281 Feed and Residual 5,316 5,200 5,550 5,500 Food, Seed & Industrial 2/ 6,567 6,592 6,670 6,650 Ethanol & by-products 3/ 5,200 5,225 5,300 5,275 Domestic, Total 11,883 11,792 12,220 12,150 Exports 1,864 1,900 1,950 2,050 Use, Total 13,748 13,692 14,170 14,200 Ending Stocks 1,731 1,701 2,008 2,081 Avg. Farm Price ($/bu) 4/ 3.70 3.60 - 3.70 3.20 - 3.80 3.10 - 3.70 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access th e data on the Web through the Feed Grains Database at www.ers.usda.gov/data-products/feed-grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. *For June, plan ted acres reported in the March 31, 2016, "Prospective Plantings." For corn, harvested acres projected based on historical abandonment and use for silage. For July, corn planted and harvested area as reported in the June 30, 2016, "Acreage." Projected yield based on a weather adjusted trend model that assumes normal mid-May planting progr ess and summer weather. The trend yiel d is not adjusted for planting pace as yield is largely determined by July weather. (For an explanation of the yield trend model see Westcott and Jewison, Weather Effects on Expected Corn an d Soybean Yields, USDA-ERS, Feed Outlook No. (FDS-13G-01), July 2013, www.ers.usda.gov/publications/fds-feed-outlook/fds-13g-01.aspx.) July 2016 WASDE - 555 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Jun Jul Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 7.1 8.5 7.2 * 7.2 * Area Harvested (mil. acres) 6.4 7.9 6.3 * 6.5 * Yield (bushels/acre) 67.6 76.0 65.0 * 65.1 * Beginning Stocks 34 18 55 45 Production 433 597 407 420 Imports 0511 Supply, Total 467 620 463 466 Feed and Residual 81 110 100 100 Food, Seed & Industrial 15 135 100 100 Total Domestic 96 245 200 200 Exports 353 330 220 220 Use, Total 449 575 420 420 Ending Stocks 18 45 43 46 Avg. Farm Price ($/bu) 2/ 4.03 3.25 - 3.35 2.95 - 3.55 2.85 - 3.45 Filler Filler Filler Filler Filler BARLEY 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. June July Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.0 3.6 3.1 * 3.0 * Area Harvested (mil. acres) 2.5 3.1 2.7 * 2.6 * Yield (bushels/acre) 72.7 68.9 71.0 * 70.9 * Beginning Stocks 82 79 99 102 Production 182 214 193 183 Imports 24 19 20 20 Supply, Total 287 311 312 305 Feed and Residual 43 46 50 50 Food, Seed & Industrial 151 153 153 153 Total Domestic 194 198 203 203 Exports 14 11 15 15 Use, Total 209 209 218 218 Ending Stocks 79 102 94 87 Avg. Farm Price ($/bu) 2/ 5.30 5.52 4.40 - 5.20 4.30 - 5.10 Filler Filler Filler Filler Filler OATS 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. June July Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.8 3.1 2.8 * 3.0 * Area Harvested (mil. acres) 1.0 1.3 1.0 * 1.2 * Yield (bushels/acre) 67.9 70.2 66.0 * 65.8 * Beginning Stocks 25 54 58 57 Production 70 90 68 77 Imports 1 0 78 69 59 5 Supply, Total 202 230 221 228 Feed and Residual 70 94 90 90 Food, Seed & Industrial 77 77 78 78 Total Domestic 147 171 168 168 Exports 2222 Use, Total 149 173 170 170 Ending Stocks 54 57 51 58 Avg. Farm Price ($/bu) 2/ 3.21 2.12 1.80 - 2.20 1.75 - 2.15 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2 / Marketing-year weighted average price received by farmers. *For June--Planted acres re ported in the March 31, 2016, "Prospective Plantings." Harvested area - For sorghum, harvested acres are based on the average harvested-to-planted ratio for 2010-2015, excluding the 2011 low. For barley and oats , harvested acres are based on the 5-year average harvested-to-planted ratios, 2011-2015. Yi eld - For sorghum the projected yield is based on the average for 1990-2015 excluding years that are more than 1 standard deviation from the mean fo r the period. For barley and oa ts, projected yields are based on the 1990-2015 trends. Yields shown reflect production rounding. For July-- Sorghum planted and harvested area as reported in the June 30, 2016, "Acreage." S orghum yield is based on the average for 1990-2015 excluding years that are more than 1 sta ndard deviation from the mean. Barley and oats area planted, area harvested, yield, and production as reported in the July 12, 2016, "Crop Production." July 2016 WASDE - 555 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Jun Jul Million Acres Area Planted 2.95 2.61 3.06 * 3.21 * Area Harvested 2.93 2.58 3.03 * 3.19 * Filler Pounds Yield per Harvested Acre 7,576 7,470 7,618 * 7,680 * Million Hundredweight Beginning Stocks 2/ 31.8 48.5 42.9 40.9 Production 222.2 192.3 231.0 245.0 Imports 24.7 24.0 24.0 24.0 Supply, Total 278.7 264.9 297.9 309.9 Domestic & Residual 3/ 129.9 121.0 135.0 138.0 Exports, Total 4/ 100.3 103.0 112.0 115.0 Rough 34.0 34.5 35.0 37.0 Milled (rough equiv.) 66.3 68.5 77.0 78.0 Use, Total 230.2 224.0 247.0 253.0 Ending Stocks 48.5 40.9 50.9 56.9 Avg. Milling Yield (%) 5/ 70.50 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 13.40 12.30 11.60 - 12.60 11.20 - 12.20 Total LONG-GRAIN RICE 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. June July Harvested Acres (mil.) 2.20 1.84 Yield (pounds/acre) 7,407 7,218 Beginning Stocks 16.2 26.5 23.0 21.0 Production 162.7 133.0 181.0 183.0 Supply, Total 7/ 200.0 180.0 224.5 224.5 Domestic & Residual 3/ 102.7 88.0 105.0 105.0 Exports 8/ 70.8 71.0 81.0 81.0 Use, Total 173.5 159.0 186.0 186.0 Ending Stocks 26.5 21.0 38.5 38.5 Avg. Farm Price ($/cwt) 6/ 11.90 11.00 10.00 - 11.00 10.00 - 11.00 Filler Filler Filler Filler Filler MEDIUM & SHORT-GRAIN RICE 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. June July Harvested Acres (mil.) 0.74 0.73 Yield (pounds/acre) 8,080 8,103 Beginning Stocks 13.3 20.2 18.0 18.0 Production 59.6 59.3 50.0 62.0 Supply, Total 7/ 76.8 83.0 71.5 83.5 Domestic & Residual 3/ 27.1 33.0 30.0 33.0 Exports 8/ 29.5 32.0 31.0 34.0 Use, Total 56.7 65.0 61.0 67.0 Ending Stocks 20.2 18.0 10.5 16.5 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 18.30 15.40 15.40 - 16.40 14.00 - 15.00 California 10/ 21.60 18.20 17.50 - 18.50 15.50 - 16.50 Other States 1/ 14.40 11.30 10.50 - 11.50 10.50 - 11.50 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2014/15-2.3; 2015/16-1.9; 2016/17-1.9. 3/ Residual includes un reported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. The 2014/15 and 2015/16 milling yield is based on the Farm Service Agenc y (FSA) warehouse stored loan data for long, medium, and short grain rice. The 2016/17 milling yield is calculated using the previous five-year Olympic average-- 2011/12-2015/16. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain season-average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.65 per cwt from 2008/09-2013/14, with a high of $3.50 per cwt in 2008/0 9 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. * For June-- Planted acres reported in March 31, 2016 "Prospective Plantings". Harvested acres are estimated using the average harvested-to-planted ratios by rice class, 2011-2015. For July-- Planted and harvested area reported in June 30, 20 16 "Acreage" report. For June and July: projected yield is based on linear trend analysis by rice class for the period 1990/91 to 2015/16. July 2016 WASDE - 555 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Jun Jul Filler Filler Filler Filler Filler Million Acres Area Planted 83.3 82.7 82.2 * 83.7 ** Area Harvested 82.6 81.8 81.4 * 83.0 ** Filler Bushels Yield per Harvested Acre 47.5 48.0 46.7 * 46.7 ** Million Bushels Beginning Stocks 92 191 370 350 Production 3,927 3,929 3,800 3,880 Imports 33 25 30 30 Supply, Total 4,052 4,145 4,200 4,260 Crushings 1,873 1,890 1,915 1,925 Exports 1,843 1,795 1,900 1,920 Seed 96 97 95 95 Residual 49 12 30 30 Use, Total 3,862 3,794 3,940 3,970 Ending Stocks 191 350 260 290 Avg. Farm Price ($/bu) 2/ 10.10 9.05 8.75 - 10.25 8.75 - 10.25 Total SOYBEAN OIL 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. June July Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,165 1,855 2,375 2,275 Production 4/ 21,399 22,020 22,120 22,235 Imports 264 300 250 250 Supply, Total 22,828 24,175 24,745 24,760 Domestic Disappearance 18,959 19,600 20,300 20,450 Biodiesel 3/ 5,037 5,350 5,800 5,950 Food, Feed & other Industrial 13,923 14,250 14,500 14,500 Exports 2,014 2,300 2,400 2,400 Use, Total 20,973 21,900 22,700 22,850 Ending stocks 1,855 2,275 2,045 1,910 Avg. Price (c/lb) 2/ 31.60 29.50 30.50 - 33.50 29.50 - 32.50 Total SOYBEAN MEAL 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. June July Filler 1 2 3 4 Thousand Shor t Tons Beginning Stocks 250 260 300 300 Production 4/ 45,062 44,615 45,475 45,675 Imports 333 425 325 325 Supply, Total 45,645 45,300 46,100 46,300 Domestic Disappearance 32,235 33,300 33,800 33,800 Exports 13,150 11,700 12,000 12,200 Use, Total 45,384 45,000 45,800 46,000 Ending Stocks 260 300 300 300 Avg. Price ($/s.t.) 2/ 368.49 340.00 320.00 - 360.00 325.00 - 365.00 Total Note: Totals may not add due to rounding. Reliability calculation s at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketin g year weighted average price received by fa rmers; oil, simple average of crude soy bean oil, Decatur; meal , simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made from me thyl ester as reported by the U.S. Energy Information Adminis tration. 4/ Based on an October year crush of 1,890 million bushels for 2015/16 and 1,925 million bushels for 2016/17. *Planted acres are reported in the March 31, 2016 Prospective Plantings . Harvested acres are based on the 5-year harvested-to-planted ratio. The projected yield is based on a weather-adjusted trend model and assumes normal weath er. **Planted and harvested acres are from the June 30, 2016 Acreage report. The projected yield is based on a weather-adjusted trend model. July 2016 WASDE - 555 - 16 U.S. Sugar Supply and Use 1/ 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Jun Jul Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 1,810 1,815 1,939 1,886 Production 2/ 8,656 8,925 8,710 8,961 Beet Sugar 4,893 5,049 5,090 5,192 Cane Sugar 3,763 3,877 3,620 3,769 Florida 1,981 2,173 1,970 1,990 Hawaii 146 165 40 40 Louisiana 1,513 1,423 1,495 1,604 Texas 123 116 115 135 Imports 3,553 3,375 3,476 3,068 TRQ 3/ 1,536 1,701 1,528 1,507 Other Program 4/ 471 300 175 175 Other 5/ 1,546 1,374 1,773 1,386 Mexico 1,532 1,359 1,758 1,371 Total Supply 14,019 14,116 14,124 13,914 Exports 1 8 57 52 52 5 Deliveries 12,019 12,155 12,235 12,235 Food 6/ 11,888 12,000 12,080 12,080 Other 7/ 131 155 155 155 Miscellaneous 0000 Total Use 12,204 12,230 12,260 12,260 Ending Stocks 1,815 1,886 1,864 1,654 Stocks to Use Ratio 14.9 15.4 15.2 13.5 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2015/16 and 2016/17 are based on Crop Production and processor projections where appropriate. 3/ For 2016/17, WTO raw sugar TRQ shortfall (99). For 2015/16, WTO raw sugar TRQ shortfall (75). 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ For 2014/15, other high-tier (15) and other (0). For 2015/16, other high-tier (15) and other (0). For 2016/17, other high-tier (15) and other (0). 6/Combines SMD deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar-containing products for reexport, and for nonedible alcohol, feed, and ethanol. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2015/16 Est. Jun 811 6,184 70 4,586 1,213 1,266 2015/16 Est. Jul 811 6,119 70 4,685 1,213 1,101 2016/17 Proj. Jun 1,266 6,100 10 4,652 1,515 1,209 2016/17 Proj. Jul 1,101 6,100 10 4,753 1,183 1,275 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): Oct-Sep 2014/15 = 1,444; Oct-May 2014/15 = 933, Oct- May 2015/16 = 937 . Footnote source: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes domestic consumption, Mexico's products export program (IMMEX) , and any residual statistical discrepancies. IMMEX: 2015/16 (255 est), 2016/17 (255 proj). Statistical Adjustment: 2014/15 (-54), 2015/16 (0), 2016/17 (0). July 2016 WASDE - 555 - 17 U.S. Cotton Supply and Use 1/ 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Jun Jul Filler Filler Filler Filler Filler Area Million Acres Planted 11.04 8.58 9.56 * 10.02 ** Harvested 9.35 8.07 8.80 * 9.30 ** Filler Pounds Yield per Harvested Acre 838 766 807 * 815 ** Million 480 Pound Bales Beginning Stocks 2.35 3.70 4.10 3.90 Production 16.32 12.89 14.80 15.80 Imports 0.01 0.04 0.01 0.01 Supply, Total 18.68 16.62 18.91 19.71 Domestic Use 3.58 3.55 3.60 3.60 Exports, Total 11.25 9.20 10.50 11.50 Use, Total 14.82 12.75 14.10 15.10 Unaccounted 2/ 0.16 -0.03 0.01 0.01 Ending Stocks 3.70 3.90 4.80 4.60 Avg. Farm Price 3/ 61.3 58.0 47.00 - 67.00 52.00 - 66.00 Total Note: Reliability calculations at end of report. 1/ Upland and ex tra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. *Planted area as reported in March 31, 2016 Prospective Plantings. Harvested area based on 10-year average abandonment by regi on, with the Southwest adjusted to 12 percent to reflect favorable moisture conditions. Yield per harvested acre based on 3-year average yields by region. **Planted area as reported in the June 30 Acreage report. Harvested area based on 10-year average abandonment by region, with the Southwest adjusted to 10 percent to refl ect favorable moisture conditions. Yield per harvested acre based on 3-year average yields by region, with the Southwest yield raised slightly to reflect favorable moisture conditions. July 2016 WASDE - 555 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 194.18 727.85 158.84 130.86 704.63 164.14 217.40 United States 16.07 55.15 4.07 3.33 31.55 23.25 20.48 Total Foreign 178.11 672.70 154.77 127.53 673.08 140.90 196.92 Major Exporters 4/ 27.39 224.16 6.66 61.85 146.13 81.47 30.61 Argentina 2 . 4 9 1 4 . 0 00 . 0 40 . 3 06 . 3 55 . 3 04 . 8 7 Australia 4.56 23.91 0.16 3.80 7.20 16.59 4.84 Canada 10.41 29.42 0.49 3.75 9.08 24.16 7.08 European Union 5/ 9.94 156.83 5.98 54.00 123.50 35.42 13.82 Major Importers 6/ 100.19 197.40 84.75 29.88 262.21 7.64 112.49 Brazil 1.89 6.00 5.37 0.30 10.70 1.69 0.87 China 65.27 126.21 1.93 16.00 116.50 0.80 76.11 Sel. Mideast 7/ 12.13 17.66 21.26 4.45 36.10 1.52 13.44 N. Africa 8/ 13.80 17.01 25.23 2.48 42.65 0.61 12.78 Pakistan 2.19 25.98 0.75 1.00 24.50 0.70 3.72 Southeast Asia 9/ 3.43 0.00 19.85 4.76 18.52 0.95 3.82 Selected Other India 17.83 95.85 0.05 4.50 93.12 3.41 17.20 FSU-12 15.73 112.74 7.68 24.65 75.86 40.20 20.08 Russia 5.18 59.08 0.33 13.00 35.50 22.80 6.29 Kazakhstan 1 . 9 9 1 3 . 0 00 . 6 02 . 0 06 . 8 05 . 5 43 . 2 5 Ukraine 3.67 24.75 0.03 4.00 12.00 11.27 5.18 2015/16 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 217.40 734.62 167.18 134.34 707.50 169.23 244.52 United States 20.48 55.84 3.12 3.60 31.59 21.14 26.71 Total Foreign 196.92 678.78 164.06 130.74 675.91 148.09 217.82 Major Exporters 4/ 30.61 223.41 7.34 66.30 150.78 80.20 30.38 Argentina 4 . 8 7 1 1 . 3 00 . 0 10 . 1 06 . 1 58 . 8 01 . 2 3 Australia 4.84 24.50 0.15 3.80 7.23 16.40 5.86 Canada 7.08 27.60 0.49 3.40 8.60 22.00 4.56 European Union 5/ 13.82 160.01 6.70 59.00 128.80 33.00 18.73 Major Importers 6/ 112.49 204.28 89.76 26.56 261.94 6.29 138.31 Brazil 0.87 5.54 6.00 0.50 10.20 1.10 1.11 China 76.11 130.19 3.30 10.50 112.00 0.80 96.80 Sel. Mideast 7/ 13.44 18.80 18.91 4.60 37.14 0.54 13.47 N. Africa 8/ 12.78 19.91 27.60 2.28 43.53 0.70 16.07 Pakistan 3.72 25.10 0.03 0.80 24.40 0.60 3.85 Southeast Asia 9/ 3.82 0.00 23.53 6.99 21.28 0.98 5.09 Selected Other India 17.20 86.53 0.47 4.20 88.64 1.06 14.50 FSU-12 20.08 117.72 7.56 25.75 77.93 50.38 17.05 Russia 6.29 61.04 0.80 14.00 37.00 25.00 6.13 Kazakhstan 3 . 2 5 1 3 . 7 50 . 0 82 . 1 06 . 9 07 . 5 02 . 6 7 Ukraine 5.18 27.27 0.05 4.50 12.50 17.00 3.00 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, Ch ina, Japan, Mexico, N. Africa, Pa kistan, selected Middle East, and S outheast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeri a, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2016 WASDE - 555 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Jun 243.01 730.83 162.02 133.48 716.00 165.59 257.84 Jul 244.52 738.51 164.20 144.42 729.34 168.43 253.70 United States Jun 26.67 56.53 3.40 5.44 33.53 24.49 28.58 Jul 26.71 61.53 3.27 8.17 36.25 25.17 30.08 Total Foreign Jun 216.34 674.30 158.62 128.04 682.47 141.10 229.26 Jul 217.82 676.98 160.93 136.25 693.09 143.25 223.62 Major Exporters 4/ Jun 28.55 225.50 6.14 65.20 150.36 81.00 28.83 Jul 30.38 226.00 6.14 66.70 151.86 81.00 29.66 Argentina Jun 1.03 14.50 0.01 0.10 6.30 8.50 0.73 Jul 1.23 15.00 0.01 0.10 6.30 9.00 0.93 Australia Jun 4.93 25.00 0.15 4.00 7.46 17.00 5.62 Jul 5.86 25.50 0.15 4.00 7.46 17.50 6.55 Canada Jun 3.86 28.50 0.49 3.60 8.80 20.00 4.05 Jul 4.56 29.00 0.49 3.60 8.80 20.50 4.75 European Union 5/ Jun 18.73 157.50 5.50 57.50 127.80 35.50 18.43 Jul 18.73 156.50 5.50 59.00 129.30 34.00 17.43 Major Importers 6/ Jun 137.12 199.51 85.93 24.29 261.69 6.48 154.39 Jul 138.31 199.01 86.43 30.29 268.69 6.41 148.65 Brazil Jun 1.01 5.30 6.00 0.30 10.10 1.00 1.21 Jul 1.11 5.30 6.00 0.30 10.10 1.00 1.31 China Jun 96.30 130.00 3.20 9.50 110.50 1.00 118.00 Jul 96.80 130.00 3.50 15.00 117.00 0.80 112.50 Sel. Mideast 7/ Jun 13.56 19.41 16.88 4.60 38.02 0.54 11.29 Jul 13.47 19.41 16.98 4.60 38.02 0.54 11.31 N. Africa 8/ Jun 15.97 14.70 27.90 1.78 44.00 0.84 13.73 Jul 16.07 14.20 27.90 1.78 44.00 0.84 13.33 Pakistan Jun 3.85 25.30 0.03 0.80 24.50 0.70 3.97 Jul 3.85 25.30 0.03 0.80 24.50 0.70 3.97 Southeast Asia 9/ Jun 4.71 0.00 21.83 6.42 21.10 0.93 4.51 Jul 5.09 0.00 22.03 6.82 21.50 0.96 4.66 Selected Other India Jun 14.50 88.00 2.00 4.50 93.10 0.40 11.00 Jul 14.50 88.00 2.00 4.50 93.10 0.40 11.00 FSU-12 Jun 18.76 116.83 7.47 26.33 78.97 44.13 19.97 Jul 17.05 118.93 7.27 26.30 78.79 45.63 18.83 Russia Jun 6.63 64.00 0.50 14.50 37.50 25.00 8.63 Jul 6.13 65.00 0.50 14.50 37.50 25.50 8.63 Kazakhstan Jun 2.67 13.00 0.06 2.10 6.90 7.00 1.83 Jul 2.67 13.00 0.06 2.10 6.90 7.00 1.83 Ukraine Jun 4.20 24.00 0.05 4.50 12.50 11.50 4.25 Jul 3.00 25.00 0.05 4.50 12.50 12.50 3.05 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, Ch ina, Japan, Mexico, N. Africa, Pa kistan, selected Middle East, and S outheast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeri a, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2016 WASDE - 555 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 212.10 1,305.19 169.89 752.77 1,272.01 185.63 245.28 United States 34.31 377.23 3.42 139.50 311.35 56.67 46.95 Total Foreign 177.79 927.96 166.48 613.28 960.66 128.96 198.34 Major Exporters 4/ 25.53 169.11 4.74 82.69 112.93 67.50 18.94 Argentina 3.17 35.73 0.00 9.07 14.23 21.39 3.29 Australia 1.03 12.61 0.00 3.36 5.04 7.17 1.43 Brazil 14.26 87.67 0.82 50.25 60.02 34.51 8.21 Canada 4.65 21.99 1.71 13.81 21.29 3.72 3.34 Major Importers 5/ 44.41 257.87 109.70 264.47 346.40 15.95 49.63 European Union 6/ 15.57 170.76 8.97 121.33 162.50 13.99 18.81 Japan 1.74 0.17 16.73 12.94 16.93 0.00 1.71 Mexico 3.49 32.69 11.55 24.40 42.08 0.79 4.86 N. Afr & Mideast 7/ 13.46 26.73 34.17 51.63 59.55 0.09 14.71 Saudi Arabia 3.91 0.36 11.26 11.55 12.03 0.00 3.50 Southeast Asia 8/ 3.97 26.86 12.82 30.69 38.70 1.07 3.90 South Korea 1.87 0.24 10.25 8.08 10.47 0.00 1.89 Selected Other China 82.65 222.75 25.70 158.80 229.06 0.02 102.02 FSU-12 7.03 91.60 0.82 42.11 58.15 33.87 7.44 Russia 1.77 40.39 0.09 20.88 31.14 8.67 2.43 Ukraine 3.64 39.39 0.03 11.82 15.43 24.33 3.29 2015/16 Est. Beginning Stocks Productio n ImportsDomestic FeedDomesti c Total 2 / ExportsEnding Stocks World 3/ 245.28 1,248.10 174.82 762.66 1,250.77 162.50 242.62 United States 46.95 366.90 3.77 137.74 313.29 56.91 47.41 Total Foreign 198.34 881.20 171.05 624.92 937.48 105.59 195.20 Major Exporters 4/ 18.94 154.09 6.79 81.90 111.64 52.94 15.25 Argentina 3.29 36.91 0.01 9.27 14.43 22.71 3.06 Australia 1.43 12.44 0.00 3.81 5.49 6.88 1.50 Brazil 8.21 72.06 1.90 48.74 58.02 18.54 5.62 Canada 3.34 25.66 1.16 14.45 21.95 4.10 4.11 Major Importers 5/ 49.63 244.78 119.68 270.39 352.37 14.05 47.67 European Union 6/ 18.81 151.25 13.70 116.62 157.38 12.10 14.27 Japan 1.71 0.18 16.95 13.26 17.25 0.00 1.59 Mexico 4.86 31.39 13.98 25.52 43.32 1.00 5.91 N. Afr & Mideast 7/ 14.71 33.77 31.45 55.86 64.07 0.27 15.59 Saudi Arabia 3.50 0.24 13.61 12.95 13.35 0.00 4.00 Southeast Asia 8/ 3.90 27.69 15.32 34.06 42.17 0.69 4.05 South Korea 1.89 0.19 10.39 8.14 10.57 0.00 1.90 Selected Other China 102.02 231.78 17.10 166.98 239.03 0.05 111.83 FSU-12 7.44 82.76 0.70 40.55 55.69 30.42 4.78 Russia 2.43 37.43 0.11 20.45 29.84 8.77 1.36 Ukraine 3.29 33.39 0.06 10.65 14.23 20.52 1.99 1/ Aggregate of local marketing years. Co arse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing year s, grain in transit, and reportin g discrepancies in some countr ies. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Malays ia, Philippines, Th ailand, and Vietnam. July 2016 WASDE - 555 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Jun 242.84 1,303.00 164.20 788.58 1,306.19 171.77 239.65 Jul 242.62 1,302.40 163.90 784.66 1,302.92 172.40 242.10 United States Jun 47.83 382.26 3.34 146.37 323.04 55.48 54.90 Jul 47.41 385.40 3.34 145.18 321.35 58.02 56.79 Total Foreign Jun 195.01 920.75 160.86 642.21 983.14 116.29 184.75 Jul 195.20 917.00 160.55 639.48 981.57 114.38 185.30 Major Exporters 4/ Jun 15.63 178.56 2.70 85.98 117.00 62.39 17.51 Jul 15.25 175.91 2.70 85.32 116.34 60.89 16.64 Argentina Jun 2.99 41.89 0.01 9.78 15.44 26.21 3.24 Jul 3.06 41.89 0.01 9.78 15.44 26.21 3.31 Australia Jun 1.30 12.36 0.00 3.42 5.09 7.18 1.40 Jul 1.50 13.16 0.00 3.87 5.54 7.38 1.74 Brazil Jun 6.27 84.66 1.00 52.15 61.95 23.03 6.95 Jul 5.62 82.96 1.00 51.44 61.24 22.03 6.31 Canada Jun 4.11 26.07 1.07 14.92 22.53 4.45 4.26 Jul 4.11 24.32 1.07 14.52 22.13 3.75 3.61 Major Importers 5/ Jun 48.12 250.36 118.23 276.98 358.75 14.01 43.95 Jul 47.67 248.68 117.66 275.71 357.48 13.51 43.02 European Union 6/ Jun 15.47 160.47 12.36 120.55 161.30 12.36 14.65 Jul 14.27 159.86 11.36 119.55 160.30 11.86 13.34 Japan Jun 1.76 0.17 16.52 12.64 16.63 0.00 1.82 Jul 1.59 0.17 16.90 13.22 17.21 0.00 1.45 Mexico Jun 5.51 31.93 13.98 26.82 44.72 0.80 5.89 Jul 5.91 31.93 13.98 27.02 44.92 0.80 6.09 N. Afr & Mideast 7/ Jun 15.23 28.41 32.97 55.66 63.62 0.17 12.82 Jul 15.59 27.34 33.32 55.46 63.42 0.17 12.66 Saudi Arabia Jun 3.90 0.24 13.51 13.73 14.13 0.00 3.52 Jul 4.00 0.24 13.71 13.73 14.13 0.00 3.82 Southeast Asia 8/ Jun 4.05 28.86 14.12 35.31 43.32 0.69 3.03 Jul 4.05 28.86 14.12 34.91 42.92 0.69 3.43 South Korea Jun 1.85 0.21 10.59 8.29 10.77 0.00 1.88 Jul 1.90 0.21 10.09 7.84 10.32 0.00 1.88 Selected Other China Jun 110.73 225.70 12.20 170.90 246.15 0.03 102.45 Jul 111.83 225.70 12.20 169.90 245.15 0.03 104.55 FSU-12 Jun 4.71 87.58 0.71 41.70 57.08 31.00 4.92 Jul 4.78 88.03 0.71 41.80 57.18 31.19 5.16 Russia Jun 1.36 39.38 0.11 21.13 30.78 8.61 1.45 Jul 1.36 39.38 0.11 21.13 30.78 8.61 1.45 Ukraine Jun 1.99 35.78 0.06 10.95 14.43 21.13 2.26 Jul 1.99 36.23 0.06 11.05 14.53 21.33 2.41 1/ Aggregate of local marketing years. Co arse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing year s, grain in transit, and reportin g discrepancies in some countr ies. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Malays ia, Philippines, Th ailand, and Vietnam. July 2016 WASDE - 555 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 175.74 1,013.56 124.92 585.64 980.79 141.67 208.51 United States 31.29 361.09 0.80 135.05 301.85 47.36 43.97 Total Foreign 144.45 652.47 124.12 450.59 678.93 94.31 164.54 Major Exporters 4/ 17.58 124.33 2.31 60.10 78.00 54.05 12.16 Argentina 1.41 28.70 0.00 6.00 9.30 18.90 1.91 Brazil 13.97 85.00 0.33 48.00 57.00 34.46 7.84 South Africa 2.20 10.63 1.97 6.10 11.70 0.69 2.41 Major Importers 5/ 19.40 134.18 69.18 142.14 193.71 5.88 23.17 Egypt 2.40 5.96 7.84 11.50 13.90 0.00 2.30 European Union 6/ 6.89 75.78 8.65 59.50 77.88 4.03 9.41 Japan 1.29 0.00 14.66 11.00 14.60 0.00 1.35 Mexico 2.60 25.48 11.27 17.70 34.45 0.78 4.12 Southeast Asia 7/ 3.97 26.81 12.78 30.60 38.60 1.07 3.89 South Korea 1.86 0.08 10.17 8.04 10.25 0.00 1.86 Selected Other 0.00 Canada 1.60 11.49 1.56 7.43 12.82 0.42 1.40 China 81.32 215.65 5.52 140.00 202.00 0.01 100.46 FSU-12 3.37 43.80 0.51 18.76 21.48 23.18 3.02 Ukraine 2.40 28.45 0.03 8.00 9.40 19.66 1.82 2015/16 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 208.51 959.79 134.56 598.18 961.40 119.38 206.90 United States 43.97 345.49 1.52 132.09 299.52 48.26 43.20 Total Foreign 164.54 614.30 133.04 466.09 661.88 71.12 163.70 Major Exporters 4/ 12.16 104.50 5.01 58.50 75.80 38.20 7.67 Argentina 1.91 28.00 0.01 6.00 9.30 19.00 1.61 Brazil 7.84 70.00 1.50 47.00 55.50 18.50 5.34 South Africa 2.41 6.50 3.50 5.50 11.00 0.70 0.71 Major Importers 5/ 23.17 116.77 79.50 143.80 195.19 3.29 20.96 Egypt 2.30 6.00 8.50 12.35 14.75 0.01 2.04 European Union 6/ 9.41 57.98 13.20 54.70 72.71 1.60 6.28 Japan 1.35 0.00 15.00 11.50 15.10 0.00 1.25 Mexico 4.12 25.00 13.00 19.20 36.00 1.00 5.12 Southeast Asia 7/ 3.89 27.64 15.30 34.00 42.10 0.68 4.05 South Korea 1.86 0.08 10.30 8.10 10.35 0.00 1.89 Selected Other 0.00 Canada 1.40 13.60 1.00 8.00 13.40 1.00 1.60 China 100.46 224.58 3.10 153.50 217.50 0.02 110.62 FSU-12 3.02 40.42 0.44 18.66 21.38 20.62 1.89 Ukraine 1.82 23.33 0.05 7.00 8.40 16.00 0.80 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Braz il, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade ex cludes intra-trade. 7/ Indo nesia, Malaysia, Philippines, Thailand, and Vietnam. July 2016 WASDE - 555 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Jun 206.45 1,011.77 127.15 622.83 1,013.09 133.13 205.12 Jul 206.90 1,010.74 126.55 618.51 1,009.25 133.37 208.39 United States Jun 43.38 366.54 1.02 140.98 310.40 49.53 51.00 Jul 43.20 369.33 1.02 139.71 308.62 52.07 52.85 Total Foreign Jun 163.07 645.23 126.14 481.86 702.69 83.60 154.13 Jul 163.70 641.41 125.54 478.81 700.63 81.30 155.54 Major Exporters 4/ Jun 8.27 129.00 1.11 62.20 80.70 47.50 10.17 Jul 7.67 127.00 1.11 61.20 79.70 46.50 9.57 Argentina Jun 1.61 34.00 0.01 6.60 10.40 23.00 2.22 Jul 1.61 34.00 0.01 6.60 10.40 23.00 2.22 Brazil Jun 5.94 82.00 0.60 50.00 59.00 23.00 6.54 Jul 5.34 80.00 0.60 49.00 58.00 22.00 5.94 South Africa Jun 0.71 13.00 0.50 5.60 11.30 1.50 1.41 Jul 0.71 13.00 0.50 5.60 11.30 1.50 1.41 Major Importers 5/ Jun 20.81 123.44 76.95 146.60 197.83 4.49 18.89 Jul 20.96 123.00 75.95 145.65 196.88 3.99 19.04 Egypt Jun 2.04 6.00 8.75 12.65 15.05 0.01 1.73 Jul 2.04 6.00 8.75 12.65 15.05 0.01 1.73 European Union 6/ Jun 6.28 64.28 12.00 56.50 74.30 3.00 5.25 Jul 6.28 63.83 11.00 55.50 73.30 2.50 5.31 Japan Jun 1.45 0.00 14.50 10.80 14.40 0.00 1.55 Jul 1.25 0.00 15.00 11.50 15.10 0.00 1.15 Mexico Jun 4.82 24.20 13.00 19.20 36.10 0.80 5.12 Jul 5.12 24.20 13.00 19.40 36.30 0.80 5.22 Southeast Asia 7/ Jun 4.05 28.81 14.10 35.25 43.25 0.68 3.03 Jul 4.05 28.81 14.10 34.85 42.85 0.68 3.43 South Korea Jun 1.84 0.08 10.50 8.25 10.55 0.00 1.86 Jul 1.89 0.08 10.00 7.80 10.10 0.00 1.86 Selected Other Canada Jun 1.60 13.75 1.00 8.10 13.60 1.20 1.55 Jul 1.60 12.50 1.00 7.90 13.40 0.50 1.20 China Jun 109.52 218.00 1.00 160.00 227.00 0.02 101.50 Jul 110.62 218.00 1.00 159.00 226.00 0.02 103.60 FSU-12 Jun 1.81 44.16 0.42 19.49 22.27 21.97 2.16 Jul 1.89 44.16 0.42 19.49 22.27 21.97 2.24 Ukraine Jun 0.80 26.00 0.05 7.30 8.70 17.00 1.15 Jul 0.80 26.00 0.05 7.30 8.70 17.00 1.15 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Tr ade excludes intra-trade. 7/ Indonesi a, Malaysia, Philippines, Thailand, and Vietnam. July 2016 WASDE - 555 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2014/15 Beginning StocksProductio n Imports Total /2 DomesticExports Ending Stocks World 3/ 113.81 478.70 41.11 477.97 43.78 114.54 United States 1.03 7.11 0.78 4.16 3.21 1.55 Total Foreign 112.78 471.60 40.32 473.81 40.58 112.99 Major Exporters 4/ 36.63 159.30 0.73 133.43 32.42 30.80 India 22.76 105.48 0.00 98.23 12.24 17.77 Pakistan 0.68 6.90 0.03 2.60 3.80 1.21 Thailand 11.90 18.75 0.30 10.60 9.78 10.57 Vietnam 1.30 28.17 0.40 22.00 6.61 1.26 Major Importers 5/ 11.37 64.06 13.67 76.94 1.23 10.93 Brazil 0.64 8.47 0.38 7.91 0.93 0.64 European Union 6/ 1.16 1.96 1.70 3.32 0.27 1.24 Indonesia 5.50 35.56 1.35 38.30 0.00 4.11 Nigeria 0.86 2.84 2.70 5.40 0.00 0.99 Philippines 1.70 11.92 1.80 13.20 0.00 2.21 Sel. Mideast 7/ 1.31 1.98 4.11 6.14 0.00 1.26 Selected Other 0.00 Burma 0.37 12.60 0.00 10.50 1.74 0.74 C. Amer & Carib 8/ 0.47 1.81 1.60 3.36 0.01 0.51 China 53.10 144.56 4.70 144.50 0.43 57.44 Egypt 0.61 4.53 0.03 4.00 0.25 0.92 Japan 3.01 7.85 0.64 8.60 0.07 2.82 Mexico 0.15 0.18 0.69 0.86 0.00 0.15 South Korea 0.90 4.24 0.47 4.20 0.00 1.41 2015/16 Est. Beginning Stocks Productio n ImportsTotal / 2 Domesti c ExportsEndin g Stock s World 3/ 114.54 470.64 39.02 478.48 41.29 106.70 United States 1.55 6.11 0.76 3.85 3.27 1.30 Total Foreign 112.99 464.53 38.26 474.63 38.02 105.40 Major Exporters 4/ 30.80 154.10 0.72 133.55 30.40 21.67 India 17.77 103.50 0.00 98.30 9.20 13.77 Pakistan 1.21 6.70 0.02 2.60 4.50 0.83 Thailand 10.57 15.80 0.30 10.80 9.80 6.07 Vietnam 1.26 28.10 0.40 21.85 6.90 1.01 Major Importers 5/ 10.93 62.27 13.24 76.72 0.98 8.74 Brazil 0.64 7.13 0.85 7.80 0.60 0.22 European Union 6/ 1.24 2.06 1.60 3.38 0.28 1.23 Indonesia 4.11 35.30 1.85 38.10 0.00 3.16 Nigeria 0.99 2.71 2.20 5.25 0.00 0.65 Philippines 2.21 11.35 1.60 13.20 0.00 1.96 Sel. Mideast 7/ 1.26 1.89 3.80 6.05 0.00 0.91 Selected Other 0.00 Burma 0.74 12.20 0.00 10.60 1.65 0.69 C. Amer & Carib 8/ 0.51 1.63 1.79 3.41 0.02 0.50 China 57.44 145.77 5.00 145.50 0.30 62.41 Egypt 0.92 4.00 0.08 3.95 0.20 0.85 Japan 2.82 7.65 0.70 8.60 0.08 2.49 Mexico 0.15 0.16 0.70 0.87 0.00 0.14 South Korea 1.41 4.33 0.47 4.37 0.00 1.83 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to re flect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ Worl d imports and exports may not ba lance due to differences in so me countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Braz il, Indonesia, Hong K ong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Ir aq, and Saudi Arabia. 8/ Centra l American and Caribbean countri es. July 2016 WASDE - 555 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ Jun 106.62 480.72 38.59 480.39 40.53 106.95 Jul 106.70 481.23 38.19 480.63 40.53 107.30 United States Jun 1.36 7.34 0.76 4.29 3.56 1.62 Jul 1.30 7.78 0.76 4.38 3.65 1.81 Total Foreign Jun 105.26 473.38 37.82 476.11 36.97 105.33 Jul 105.40 473.45 37.42 476.25 36.88 105.50 Major Exporters 4/ Jun 21.87 157.40 0.67 134.30 28.75 16.89 Jul 21.67 157.40 0.67 134.20 28.75 16.79 India Jun 13.77 105.00 0.00 98.60 8.50 11.67 Jul 13.77 105.00 0.00 98.60 8.50 11.67 Pakistan Jun 1.13 6.90 0.02 2.80 4.25 1.00 Jul 0.83 6.90 0.02 2.70 4.25 0.80 Thailand Jun 6.07 17.00 0.25 11.10 9.00 3.22 Jul 6.07 17.00 0.25 11.10 9.00 3.22 Vietnam Jun 0.91 28.50 0.40 21.80 7.00 1.01 Jul 1.01 28.50 0.40 21.80 7.00 1.11 Major Importers 5/ Jun 9.15 65.78 12.40 77.37 1.21 8.75 Jul 8.74 65.78 12.05 77.12 1.21 8.24 Brazil Jun 0.45 8.50 0.60 8.00 0.80 0.75 Jul 0.22 8.50 0.60 7.95 0.80 0.57 European Union 6/ Jun 1.23 2.03 1.60 3.42 0.26 1.18 Jul 1.23 2.03 1.60 3.42 0.26 1.18 Indonesia Jun 3.16 36.60 1.25 38.10 0.00 2.91 Jul 3.16 36.60 1.25 38.10 0.00 2.91 Nigeria Jun 0.80 2.70 2.10 5.20 0.00 0.40 Jul 0.65 2.70 2.00 5.10 0.00 0.25 Philippines Jun 1.96 12.00 1.50 13.30 0.00 2.16 Jul 1.96 12.00 1.50 13.30 0.00 2.16 Sel. Mideast 7/ Jun 0.94 2.01 4.10 6.15 0.00 0.89 Jul 0.91 2.01 3.85 6.05 0.00 0.71 Selected Other Burma Jun 0.69 12.50 0.00 10.70 1.75 0.74 Jul 0.69 12.50 0.00 10.70 1.75 0.74 C. Amer & Carib 8/ Jun 0.49 1.72 1.71 3.44 0.02 0.45 Jul 0.50 1.72 1.71 3.45 0.02 0.46 China Jun 61.86 146.50 5.00 145.00 0.30 68.06 Jul 62.41 146.50 5.00 145.00 0.30 68.61 Egypt Jun 0.90 4.00 0.04 3.90 0.25 0.79 Jul 0.85 4.00 0.04 3.95 0.20 0.74 Japan Jun 2.49 7.68 0.70 8.70 0.09 2.09 Jul 2.49 7.68 0.70 8.70 0.09 2.09 Mexico Jun 0.14 0.17 0.75 0.88 0.00 0.18 Jul 0.14 0.17 0.75 0.88 0.00 0.18 South Korea Jun 1.67 4.00 0.41 4.33 0.00 1.74 Jul 1.83 4.00 0.41 4.33 0.00 1.90 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use a nd unreported disappearance. 3/ World impor ts and exports may not balance due to di fferences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indones ia, Hong Kong, Cote d'Ivoire, Nigeria, Phil ippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Ara bia. 8/ Central American and Caribbean countries. July 2016 WASDE - 555 - 26 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2014/15 Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World 103.23 119.08 35.73 110.12 35.36 0.11 112.46 United States 2.35 16.32 0.01 3.58 11.25 0.16 3.70 Total Foreign 100.88 102.76 35.72 106.54 24.12 -0.05 108.76 Major Exporters 4/ 28.36 52.63 1.74 32.33 20.63 -0.23 29.99 Central Asia 5/ 3.76 6.20 3 / 2.38 4.67 0.00 2.90 Afr. Fr. Zone 6/ 1.39 5.09 3 / 0.14 4.33 0.00 2.00 S. Hemis 7/ 11.40 11.02 0.18 4.45 7.06 -0.24 11.32 Australia 1.81 2.30 3 / 0.04 2.39 -0.10 1.78 Brazil 7.67 7.00 0.02 3.40 3.91 -0.15 7.53 India 11.46 29.50 1.23 24.50 4.20 0.00 13.49 Major Importers 8/ 70.69 46.89 31.94 69.86 2.57 0.17 76.92 Mexico 0.58 1.32 0.83 1.85 0.17 0.03 0.69 China 62.71 30.00 8.28 33.00 0.07 0.00 67.92 European Union 9/ 0.38 1.64 0.86 0.87 1.62 0.05 0.33 Turkey 1.36 3.20 3.68 6.40 0.24 0.00 1.60 Pakistan 2.48 10.60 0.95 10.60 0.45 0.03 2.95 Indonesia 0.50 0.01 3.35 3.25 0.01 0.00 0.60 Thailand 0.24 3 / 1.48 1.48 0.00 0.03 0.22 Bangladesh 1.27 0.12 5.40 5.50 0.00 0.01 1.28 Vietnam 0.50 3 / 4.30 4.10 0.00 0.00 0.70 2015/16 Est. Beginning Stocks Productio n ImportsDomestic Use ExportsLoss /2 Ending Stocks World 112.46 97.92 34.30 110.20 34.31 -0.11 100.27 United States 3.70 12.89 0.04 3.55 9.20 -0.03 3.90 Total Foreign 108.76 85.03 34.26 106.65 25.11 -0.08 96.37 Major Exporters 4/ 29.99 47.73 1.66 31.88 22.22 -0.22 25.49 Central Asia 5/ 2.90 5.80 3 / 2.45 4.06 0.00 2.19 Afr. Fr. Zone 6/ 2.00 4.34 3 / 0.14 4.66 0.00 1.54 S. Hemis 7/ 11.32 10.20 0.26 4.27 7.41 -0.23 10.33 Australia 1.78 2.60 3 / 0.04 2.60 -0.10 1.84 Brazil 7.53 6.20 0.10 3.20 4.30 -0.15 6.48 India 13.49 26.80 0.95 24.25 5.80 0.00 11.19 Major Importers 8/ 76.92 34.47 30.45 70.54 1.98 0.14 69.19 Mexico 0.69 0.91 0.98 1.90 0.15 0.03 0.50 China 67.92 22.50 4.50 34.00 0.13 0.00 60.80 European Union 9/ 0.33 1.28 0.84 0.84 1.22 0.05 0.34 Turkey 1.60 2.65 4.10 6.55 0.23 0.00 1.57 Pakistan 2.95 7.00 3.10 10.25 0.25 0.03 2.53 Indonesia 0.60 0.01 2.80 2.83 0.01 0.00 0.57 Thailand 0.22 3 / 1.33 1.30 0.00 0.03 0.22 Bangladesh 1.28 0.12 5.60 5.70 0.00 0.01 1.29 Vietnam 0.70 3 / 4.60 4.55 0.00 0.00 0.75 1/ Marketing year beginning August 1. Tota ls may not add exactly and trade may not ba lance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing ch annel; for Australia, Brazil, China, and the United States, refl ects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, an d Uzbekistan. 6/ Benin, Burkino Faso, Came roon, Central African Republic, Chad, Cote d' Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Pa raguay, South Africa, Tanzania, and Zimbabwe . 8/ In addition to the countries and regi ons listed, includes Hong Kong, Japan, Russia, South Kore a, and Taiwan. 9/ Includes intra-EU trade. July 2016 WASDE - 555 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2016/17 Proj. Beginning StocksProduction Imports Domestic UseExports Loss /2Ending Stocks World Jun 102.08 103.17 33.33 110.59 33.33 -0.08 94.73 Jul 100.27 102.55 34.35 111.60 34.36 -0.08 91.29 United States Jun 4.10 14.80 0.01 3.60 10.50 0.01 4.80 Jul 3.90 15.80 0.01 3.60 11.50 0.01 4.60 Total Foreign Jun 97.98 88.37 33.32 106.99 22.83 -0.09 89.93 Jul 96.37 86.75 34.34 108.00 22.86 -0.09 86.69 filler filler filler filler filler filler filler Major Exporters 4/ Jun 25.57 49.50 1.45 31.70 19.83 -0.23 25.21 Jul 25.49 49.11 1.85 31.55 20.11 -0.23 25.02 Central Asia 5/ Jun 2.14 5.91 3 / 2.48 3.59 0.00 1.99 Jul 2.19 5.81 3 / 2.48 3.59 0.00 1.94 Afr. Fr. Zone 6/ Jun 1.54 4.62 3 / 0.14 4.46 0.00 1.56 Jul 1.54 4.62 3 / 0.14 4.46 0.00 1.56 S. Hemis 7/ Jun 10.61 10.61 0.23 4.18 7.53 -0.24 9.97 Jul 10.33 10.82 0.37 4.27 7.61 -0.24 9.87 Australia Jun 1.74 2.60 3 / 0.04 2.70 -0.10 1.71 Jul 1.84 2.80 3 / 0.04 2.80 -0.10 1.91 Brazil Jun 6.78 6.40 0.05 3.10 4.00 -0.15 6.28 Jul 6.48 6.40 0.20 3.20 4.00 -0.15 6.03 India Jun 11.04 28.00 0.70 24.25 4.00 0.00 11.49 Jul 11.19 27.50 0.95 24.00 4.20 0.00 11.44 filler filler filler filler filler filler filler Major Importers 8/ Jun 70.73 35.96 29.65 70.99 2.12 0.14 63.08 Jul 69.19 34.73 30.23 72.11 1.87 0.14 60.02 Mexico Jun 0.50 0.87 1.15 1.90 0.10 0.03 0.50 Jul 0.50 0.87 1.15 1.90 0.10 0.03 0.50 China Jun 62.30 21.50 4.50 33.50 0.10 0.00 54.70 Jul 60.80 21.50 4.50 35.00 0.10 0.00 51.70 European Union 9/ Jun 0.33 1.46 0.81 0.83 1.39 0.05 0.33 Jul 0.34 1.23 0.82 0.83 1.19 0.05 0.33 Turkey Jun 1.57 3.00 3.70 6.50 0.28 0.00 1.50 Jul 1.57 3.00 3.80 6.60 0.28 0.00 1.50 Pakistan Jun 2.53 9.00 1.70 10.50 0.25 0.03 2.45 Jul 2.53 8.00 2.40 10.25 0.20 0.03 2.45 Indonesia Jun 0.57 0.01 2.75 2.75 0.01 0.00 0.57 Jul 0.57 0.01 2.75 2.75 0.01 0.00 0.57 Thailand Jun 0.22 3 / 1.30 1.28 0.00 0.03 0.22 Jul 0.22 3 / 1.30 1.28 0.00 0.03 0.22 Bangladesh Jun 1.29 0.12 5.90 6.00 0.00 0.01 1.30 Jul 1.29 0.12 5.90 6.00 0.00 0.01 1.30 Vietnam Jun 0.80 3 / 5.20 5.10 0.00 0.00 0.91 Jul 0.75 3 / 5.00 4.90 0.00 0.00 0.86 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destro yed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan , Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions lis ted, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. July 2016 WASDE - 555 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning StocksProduction Imports Domestic CrushDomestic TotalExports Ending Stocks World 2/ 61.96 319.72 123.71 263.25 300.83 126.16 78.41 United States 2.50 106.88 0.90 50.98 54.93 50.17 5.19 Total Foreign 59.46 212.84 122.81 212.28 245.90 75.99 73.23 Major Exporters 3/ 41.43 169.99 0.32 84.30 91.56 68.70 51.49 Argentina 25.27 61.40 0.00 40.02 44.18 10.57 31.92 Brazil 16.02 97.20 0.31 40.44 43.41 50.61 19.50 Paraguay 0.13 8.10 0.01 3.65 3.69 4.49 0.06 Major Importers 4/ 15.22 15.39 105.46 97.91 117.13 0.29 18.64 China 13.88 12.15 78.35 74.50 87.20 0.14 17.03 European Union 0.62 1.83 13.39 13.60 15.07 0.12 0.66 Japan 0.23 0.23 3.00 2.15 3.24 0.00 0.22 Mexico 0.12 0.35 3.82 4.18 4.21 0.00 0.07 2015/16 Est. Beginnin g Stock s Productio n Import sDomesti c Crus hDomesti c Total Export s Endin g Stock s World 2/ 78.41 312.36 130.37 279.20 317.34 131.64 72.17 United States 5.19 106.93 0.68 51.44 54.42 48.85 9.54 Total Foreign 73.23 205.43 129.69 227.77 262.92 82.79 62.63 Major Exporters 3/ 51.49 163.80 0.41 90.73 98.19 74.90 42.61 Argentina 31.92 56.50 0.05 45.70 50.05 11.40 27.02 Brazil 19.50 96.50 0.35 40.70 43.70 57.20 15.45 Paraguay 0.06 8.80 0.01 4.10 4.14 4.60 0.13 Major Importers 4/ 18.64 15.19 110.13 105.67 125.92 0.36 17.68 China 17.03 11.60 83.00 81.80 95.25 0.15 16.23 European Union 0.66 2.20 13.20 13.80 15.32 0.15 0.59 Japan 0.22 0.24 3.10 2.20 3.32 0.00 0.24 Mexico 0.07 0.33 3.95 4.25 4.29 0.00 0.06 2016/17 Proj. Beginnin g Stock s Productio n Import s Domesti c Crus hDomesti c TotalExport s Endin g Stock s World 2/ Jun 72.29 323.70 136.02 288.44 327.99 137.71 66.31 Jul 72.17 325.95 136.02 289.23 328.78 138.26 67.10 United States Jun 10.07 103.42 0.82 52.12 55.53 51.71 7.06 Jul 9.54 105.60 0.82 52.39 55.79 52.25 7.90 Total Foreign Jun 62.22 220.28 135.21 236.32 272.45 86.00 59.24 Jul 62.63 220.35 135.21 236.84 272.99 86.00 59.20 Major Exporters 3/ Jun 42.21 172.00 0.36 88.75 96.43 77.79 40.36 Jul 42.61 172.00 0.36 89.25 96.93 77.79 40.26 Argentina Jun 27.02 57.00 0.05 44.30 48.75 10.65 24.67 Jul 27.02 57.00 0.05 44.30 48.75 10.65 24.67 Brazil Jun 15.05 103.00 0.30 40.00 43.10 59.70 15.55 Jul 15.45 103.00 0.30 40.50 43.60 59.70 15.45 Paraguay Jun 0.13 9.00 0.01 4.20 4.25 4.75 0.14 Jul 0.13 9.00 0.01 4.20 4.25 4.75 0.14 Major Importers 4/ Jun 17.68 16.03 114.18 110.82 131.62 0.34 15.94 Jul 17.68 16.08 114.18 110.82 131.64 0.34 15.97 China Jun 16.23 12.20 87.00 87.00 100.80 0.15 14.48 Jul 16.23 12.20 87.00 87.00 100.80 0.15 14.48 European Union Jun 0.59 2.40 12.60 13.30 14.87 0.15 0.57 Jul 0.59 2.45 12.60 13.30 14.87 0.15 0.62 Japan Jun 0.24 0.24 3.10 2.20 3.33 0.00 0.26 Jul 0.24 0.24 3.10 2.20 3.33 0.00 0.26 Mexico Jun 0.06 0.37 4.00 4.28 4.33 0.00 0.11 Jul 0.06 0.37 4.00 4.28 4.33 0.00 0.11 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October-September year. 2/ World i mports and exports may not balance due to differences in local marke ting years and to time lags betw een reported exports and imports. Therefore, world supply may not equal world us e. 3/ Argentina, Br azil, Paraguay, and Uruguay. 4/ China, European Union, Japan , Mexico, and Southeast Asia (inc ludes Indonesia, Malaysia, Philip pines, Vietnam, and Thailand). July 2016 WASDE - 555 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 11.19 207.35 60.19 202.49 63.93 12.30 United States 0.23 40.88 0.30 29.24 11.93 0.24 Total Foreign 10.96 166.47 59.89 173.25 52.00 12.06 Major Exporters 3/ 7.73 67.67 0.03 22.89 44.04 8.50 Argentina 4.07 30.93 0.00 2.30 28.58 4.13 Brazil 3.07 31.30 0.02 15.85 14.39 4.15 India 0.59 5.44 0.01 4.74 1.07 0.23 Major Importers 4/ 1.51 15.04 35.94 50.34 0.70 1.46 European Union 0.25 10.74 19.16 29.54 0.36 0.25 Southeast Asia 5/ 1.07 2.67 15.08 17.39 0.34 1.11 2015/16 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 12.30 219.10 64.82 216.00 68.08 12.14 United States 0.24 40.47 0.39 30.21 10.61 0.27 Total Foreign 12.06 178.63 64.43 185.79 57.47 11.86 Major Exporters 3/ 8.50 71.53 0.03 22.91 48.70 8.44 Argentina 4.13 35.33 0.00 2.40 32.80 4.25 Brazil 4.15 31.50 0.02 15.80 15.80 4.07 India 0.23 4.70 0.01 4.71 0.10 0.13 Major Importers 4/ 1.46 15.35 38.65 53.71 0.77 0.98 European Union 0.25 10.90 20.70 31.24 0.40 0.21 Southeast Asia 5/ 1.11 2.79 16.10 18.97 0.37 0.65 2016/17 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Jun 11.95 226.76 67.74 226.11 69.87 10.47 Jul 12.14 227.34 67.62 225.46 70.40 11.23 United States Jun 0.27 41.25 0.30 30.66 10.89 0.27 Jul 0.27 41.44 0.30 30.66 11.07 0.27 Total Foreign Jun 11.68 185.50 67.45 195.45 58.98 10.20 Jul 11.86 185.90 67.33 194.80 59.33 10.96 Major Exporters 3/ Jun 8.05 72.63 0.02 23.55 50.40 6.76 Jul 8.44 72.98 0.02 23.50 50.40 7.55 Argentina Jun 4.25 34.35 0.00 2.48 32.80 3.33 Jul 4.25 34.35 0.00 2.48 32.80 3.33 Brazil Jun 3.73 31.00 0.02 15.90 15.80 3.05 Jul 4.07 31.35 0.02 15.85 15.80 3.79 India Jun 0.07 7.28 0.00 5.17 1.80 0.38 Jul 0.13 7.28 0.00 5.17 1.80 0.44 Major Importers 4/ Jun 1.16 15.27 41.20 55.94 0.45 1.23 Jul 0.98 15.27 41.20 55.56 0.73 1.16 European Union Jun 0.21 10.51 21.70 31.79 0.40 0.23 Jul 0.21 10.51 21.70 31.79 0.40 0.23 Southeast Asia 5/ Jun 0.83 3.10 17.60 20.57 0.05 0.91 Jul 0.65 3.10 17.60 20.19 0.33 0.83 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketi ng years and to time lags be tween reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Br azil, and India. 4/ European Union, Southeast Asia, and Japa n. 5/ Indonesia, Malaysia, Philippine s, Vietnam, and Thailand. July 2016 WASDE - 555 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 3.63 49.06 10.08 48.04 11.10 3.62 United States 0.53 9.71 0.12 8.60 0.91 0.84 Total Foreign 3.10 39.36 9.96 39.44 10.19 2.78 Major Exporters 3/ 0.99 18.03 0.29 10.82 7.61 0.87 Argentina 0.24 7.69 0.02 2.50 5.09 0.35 Brazil 0.39 7.76 0.01 6.37 1.51 0.28 European Union 0.37 2.58 0.25 1.95 1.01 0.24 Major Importers 4/ 1.33 15.02 5.21 20.28 0.18 1.10 China 0.97 13.35 0.77 14.20 0.11 0.78 India 0.25 1.20 2.80 4.05 0.00 0.20 North Africa 5/ 0.12 0.47 1.64 2.03 0.07 0.13 2015/16 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 3.62 52.19 11.72 51.20 12.47 3.87 United States 0.84 9.99 0.14 8.89 1.04 1.03 Total Foreign 2.78 42.21 11.58 42.31 11.42 2.83 Major Exporters 3/ 0.87 19.19 0.31 10.85 8.78 0.75 Argentina 0.35 8.77 0.01 2.51 6.28 0.35 Brazil 0.28 7.80 0.05 6.39 1.50 0.24 European Union 0.24 2.62 0.25 1.95 1.00 0.16 Major Importers 4/ 1.10 16.13 6.68 22.51 0.19 1.21 China 0.78 14.66 0.82 15.45 0.11 0.69 India 0.20 1.04 4.00 4.89 0.00 0.34 North Africa 5/ 0.13 0.44 1.86 2.17 0.08 0.17 2016/17 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Jun 3.94 53.69 11.07 53.13 11.85 3.72 Jul 3.87 53.82 11.01 53.07 11.96 3.67 United States Jun 1 . 0 8 1 0 . 0 30 . 1 19 . 2 11 . 0 90 . 9 3 Jul 1 . 0 3 1 0 . 0 90 . 1 19 . 2 81 . 0 90 . 8 7 Total Foreign Jun 2.86 43.66 10.96 43.93 10.76 2.80 Jul 2.83 43.73 10.90 43.80 10.87 2.80 Major Exporters 3/ Jun 0.78 18.65 0.27 10.97 8.00 0.73 Jul 0.75 18.72 0.27 10.89 8.11 0.73 Argentina Jun 0.35 8.44 0.01 2.52 5.98 0.30 Jul 0.35 8.44 0.01 2.52 5.98 0.30 Brazil Jun 0.27 7.68 0.01 6.50 1.22 0.24 Jul 0.24 7.75 0.01 6.42 1.33 0.25 European Union Jun 0.16 2.53 0.25 1.95 0.80 0.19 Jul 0.16 2.53 0.25 1.95 0.80 0.19 Major Importers 4/ Jun 1.20 17.76 5.76 23.25 0.19 1.27 Jul 1.21 17.76 5.78 23.29 0.19 1.26 China Jun 0.69 15.59 0.82 16.20 0.11 0.79 Jul 0.69 15.59 0.82 16.20 0.11 0.79 India Jun 0.35 1.61 3.30 4.90 0.00 0.36 Jul 0.34 1.61 3.30 4.90 0.00 0.36 North Africa 5/ Jun 0.16 0.56 1.64 2.15 0.08 0.12 Jul 0.17 0.56 1.66 2.19 0.08 0.12 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketi ng years and to time lags be tween reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Brazil an d European Union. 4/ Chin a, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. July 2016 WASDE - 555 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef PorkRed Mea t 2/Broile r Turkey Total Poultry 3 /Red Meat & PoultryEgg Milk Million Pounds Mil doz Bil lbs 2015 III 6,068 5,958 12,083 10,372 1,352 11,857 23,940 1,929 51.7 IV 6,109 6,457 12,625 9,937 1,458 11,526 24,150 1,980 51.3 Annual 23,698 24,501 48,432 40,048 5, 627 46,198 94,630 7,977 208.6 2016 I 5,935 6,230 12,222 10,039 1,435 11,609 23,830 2,041 53.0 II 6,190 5,970 12,215 10,250 1,475 11,860 24,075 2,075 54.4 III* 6,460 6,160 12,675 10,500 1,475 12,110 24,785 2,095 52.5 IV* 6,360 6,640 13,059 10,275 1,550 11,960 25,019 2,135 52.5 Annual Jun Proj. 24,675 24,960 49,864 41,014 5, 920 47,474 97,337 8,311 212.6 Jul Proj. 24,945 25,000 50,171 41,064 5, 935 47,539 97,709 8,346 212.4 2017 I* 6,045 6,245 12,348 10,240 1,440 11,810 24,158 2,080 53.4 II* 6,470 6,050 12,581 10,540 1,520 12,203 24,784 2,100 55.3 Annual Jun Proj. 25,785 25,610 51,631 42,020 6,115 48,690 100,321 8,475 215.3 Jul Proj. 25,785 25,455 51,476 42,020 6,115 48,690 100,166 8,515 215.6 * Projection. 1/ Commercial production for re d meats; federally inspected for poultry me ats. 2/ Beef, pork, veal and lamb & mut ton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/Barrows and gilts 3/Broilers 4/Turkeys 5/Eggs 6/Milk 7/ Dol./cw t Dol./cw t Cents/lb. Cents/lb. Cents/doz. Dol./cw t 2015 III 144.22 54.59 83.7 126.4 235.7 16.97 IV 127.71 44.66 77.2 130.1 174.1 17.73 Annual 148.12 50.23 90.5 116.2 181.8 17.12 2016 I 134.81 44.63 84.6 114.7 121.5 15.70 II 127.68 53.71 93.0 116.5 67.9 14.65-14.75 III* 120-124 53-55 89-93 115-119 93-97 15.60-16.00 IV* 120-128 41-45 87-93 116-124 106-114 16.25-16.95 Annual Jun Proj. 125-129 48-49 88-91 114-119 90-94 14.95-15.35 Jul Proj. 125-129 48-50 88-91 115-119 97-100 15.55-15.85 2017 I* 118-128 41-45 84-90 107-115 91-99 15.60-16.60 II* 120-130 46-50 86-94 108-118 106-114 15.05-16.05 Annual Jun Proj. 118-128 42-46 85-93 111-120 105-114 15.25-16.25 Jul Proj. 118-128 43-46 85-93 111-120 105-114 15.70-16.70 *Projection. 1/ Simple average of months. 2/ 5-Area, Direct, To tal all grades 3/ National Base, Live equiv 51-52% lean. 4/ Whol esale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, Ne w York, volume buyers. 7/ Prices received by farmers for all milk. July 2016 WASDE - 555 - 32 U.S. Meats Supply and Use Item Beginning stocksProduction 1/ ImportsTotal Supply ExportsEnding Stocks Total UsePer Capita 2/ 3/ Million Pounds /4 Beef 2015 591 23,760 3,370 27,721 2,266 683 24,771 53.9 2016 Proj. Jun 683 24,739 2,893 28,315 2,449 630 25,236 54.5 Jul 683 25,009 2,908 28,600 2,469 630 25,501 55.1 2017 Proj. Jun 630 25,849 2,550 29,029 2,580 600 25,849 55.4 Jul 630 25,849 2,550 29,029 2,580 600 25,849 55.4 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2015 559 24,517 1,111 26,187 4,941 590 20,656 49.8 2016 Proj. Jun 590 24,976 1,158 26,723 5,198 600 20,925 50.1 Jul 590 25,016 1,153 26,758 5,208 600 20,950 50.2 2017 Proj. Jun 600 25,626 1,160 27,386 5,300 610 21,476 51.1 Jul 600 25,471 1,160 27,231 5,300 610 21,321 50.7 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2015 1,190 48,520 4,695 54,404 7,212 1,320 45,872 104.9 2016 Proj. Jun 1,320 49,953 4,284 55,558 7,655 1,276 46,627 105.9 Jul 1,320 50,260 4,294 55,875 7,684 1,281 46,910 106.5 2017 Proj. Jun 1,276 51,721 3,898 56,895 7,890 1,255 47,750 107.7 Jul 1,281 51,566 3,898 56,745 7,890 1,260 47,595 107.3 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2015 680 39,620 130 40,430 6,319 832 33,279 88.9 2016 Proj. Jun 832 40,575 132 41,539 6,723 695 34,121 90.4 Jul 832 40,625 132 41,589 6,753 695 34,141 90.5 2017 Proj. Jun 695 41,570 132 42,397 6,905 715 34,777 91.5 Jul 695 41,570 132 42,397 6,995 715 34,687 91.3 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2015 193 5,627 45 5,865 533 201 5,131 16.0 2016 Proj. Jun 201 5,920 44 6,165 605 240 5,320 16.4 Jul 201 5,935 48 6,184 605 240 5,339 16.5 2017 Proj. Jun 240 6,115 40 6,395 670 250 5,475 16.8 Jul 240 6,115 40 6,395 670 250 5,475 16.8 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2015 877 45,769 177 46,822 6,997 1,041 38,785 106.0 2016 Proj. Jun 1,041 47,034 179 48,254 7,471 944 39,839 108.1 Jul 1,041 47,099 183 48,323 7,501 944 39,878 108.2 2017 Proj. Jun 944 48,240 174 49,358 7,715 974 40,669 109.6 Jul 944 48,240 174 49,358 7,805 974 40,579 109.4 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2015 2,066 94,289 4,872 101,227 14,209 2,361 84,657 210.9 2016 Proj. Jun 2,361 96,988 4,463 103,812 15,126 2,220 86,466 214.0 Jul 2,361 97,359 4,477 104,197 15,185 2,225 86,787 214.7 2017 Proj. Jun 2,220 99,961 4,072 106,253 15,605 2,229 88,419 217.2 Jul 2,225 99,806 4,072 106,103 15,695 2,234 88,174 216.6 1/ Total including farm production for red meats and, for pou ltry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis for red meat an d broilers; certified ready-to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. July 2016 WASDE - 555 - 33 U.S. Egg Supply and Use Commodity 2014 2015 2016 Proj. 2016 Proj. 2017 Proj. 2017 Proj. Jun Jul Jun Jul Eggs Million Dozen Supply Beginning Stocks 23.0 23.3 31.1 31.1 25.0 27.0 Production 8,431.4 7,977.3 8,311.0 8,346.0 8,475.0 8,515.0 Imports 34.7 123.3 113.6 108.6 60.0 60.0 Total Supply 8,489.1 8,123.9 8,455.7 8,485.7 8,560.0 8,602.0 Use Exports 393.8 317.6 315.8 310.8 355.0 355.0 Hatching Use 980.6 995.6 1,017.5 1,017.5 1,040.0 1,040.0 Ending Stocks 23.3 31.1 25.0 27.0 25.0 27.0 Disappearance Total 7,091.4 6,779.6 7,097.4 7,130.4 7,140.0 7,180.0 Per Capita (number) 266.6 252.9 262.8 264.0 262.5 264.0 Total U.S. Milk Supply and Use Commodity 2014 2015 2016 Proj. 2016 Proj. 2017 Proj. 2017 Proj. Jun Jul Jun Jul Milk Billion Pounds Production 206.1 208.6 212.6 212.4 215.3 215.6 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 11.2 11.2 13.3 13.3 13.1 13.5 Marketings 205.1 207.7 211.6 211.5 214.3 214.6 Imports 4.3 5.7 6.8 6.8 6.7 6.7 Total Cml. Supply 220.6 224.6 231.7 231.6 234.1 234.8 Fat Basis Use Commercial Exports 12.4 8.8 8.5 8.4 8.7 8.7 Ending Commercial Stocks 11.2 13.3 13.1 13.5 12.2 12.8 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 196.9 202.5 210.2 209.7 213.2 213.3 Skim-solid Basis Supply Beg. Commercial Stocks 11.7 13.1 13.9 13.9 14.3 13.8 Marketings 205.1 207.7 211.6 211.5 214.3 214.6 Imports 5.6 5.9 6.4 6.5 6.2 6.3 Total Cml. Supply 222.4 226.7 231.8 231.9 234.8 234.7 Skim-solid Basis Use Commercial Exports 39.1 37.3 36.0 36.4 37.1 37.3 Ending Commercial Stocks 13.1 13.9 14.3 13.8 14.0 13.8 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 170.2 175.5 181.5 181.7 183.7 183.6 Total Note: Totals may not add due to rounding. July 2016 WASDE - 555 - 34 U.S. Dairy Prices Commodity 2014 2015 2016 Proj. 2016 Proj. 2017 Proj. 2017 Proj. Jun Jul Jun Jul Product Prices 1/ Dollars Pe r Pound Cheese 2.1551 1.6454 1.475- 1.5151.515- 1.5451.535- 1.635 1.565- 1.665 Butter 2.1361 2.0670 2.050- 2.1202.155- 2.2151.880- 2.010 1.940- 2.070 Nonfat Dry Milk 1.7682 0.9016 0.760- 0.8000.785- 0.8150.855- 0.925 0.865- 0.935 Dry Whey 0.6538 0.3804 0.240- 0.2600.250- 0.2700.255- 0.285 0.280- 0.310 Filler Dollars Pe r Cwt Milk Prices 2/ Class III 22.34 15.80 13.40- 13.8013.90- 14.2014.00- 15.00 14.50- 15.50 Class IV 22.09 14.35 13.15- 13.6513.80- 14.2013.15- 14.25 13.50- 14.60 All Milk 3/ 23.97 17.12 14.95- 15.3515.55- 15.8515.25- 16.25 15.70- 16.70 1/ Simple average of monthly prices calculated by AMS from weekly averag e dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test . 3/ Does not reflect any deductions from producers as authori zed by legislation. July 2016 WASDE - 555 - 35 Reliability of July Projections 1/ Note: Tables on pages 35-37 present a record of the July projec tion and the final Estimate. Using world wheat production as an e xample, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 2.9 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 4.9 percent. The average difference between the July pro jection and the final estimate is 14.4 million tons, ranging from 1 million to 34.6 million tons. The July projection has been below the estimate 21 times and above 14 times. Differences between forecast and final estimate 90 percen t Years Commodity and Region Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final WHEAT Percen t Million Metric Tons Production Worl d 2.9 4.9 14.4 1.0 34.6 21 14 U.S. 3.6 6.1 1.7 0.2 6.2 16 19 Forei gn 3.1 5.3 14.1 0.3 34.7 22 13 Exports Worl d 6.1 10.3 6.4 0.2 18.7 23 12 U.S. 12.0 20.4 2.8 0.2 10.0 20 15 Forei gn 7.6 12.8 6.2 0.1 21.3 24 11 Domestic Use Worl d 2.1 3.5 9.2 1.6 25.7 21 14 U.S. 7.2 12.2 1.8 0.0 5.0 14 21 Forei gn 2.0 3.4 8.7 1.3 26.9 23 12 Endin g Stocks Worl d 10.1 17.1 12.2 0.1 35.3 24 11 U.S. 19.1 32.4 3.2 0.2 13.9 20 15 Forei gn 10.6 17.9 10.6 2.3 31.7 24 11 COARSE GRAINS 2/ Production Worl d 2.9 4.9 21.8 3.7 68.4 18 17 U.S. 10.5 17.8 16.2 0.6 57.9 16 19 Forei gn 2.5 4.2 13.1 1.1 37.9 18 17 Exports Worl d 7.8 13.3 7.4 0.6 23.5 24 11 U.S. 27.1 46.0 8.1 0.2 24.4 13 22 Forei gn 14.5 24.7 7.1 1.4 19.7 24 11 Domestic Use Worl d 1.7 2.9 13.6 0.0 41.7 18 17 U.S. 4.7 7.9 7.1 0.0 22.2 22 13 Forei gn 1.9 3.2 10.6 1.0 30.5 19 16 Endin g Stocks Worl d 17.9 30.3 18.9 1.6 60.2 22 13 U.S. 41.0 69.5 13.3 0.5 50.5 14 21 Forei gn 14.7 25.0 11.9 0.2 43.6 25 10 RICE , milled Production Worl d 2.5 4.2 7.1 0.4 24.0 21 14 U.S. 4.8 8.2 0.2 0.0 0.6 18 15 Forei gn 2.5 4.3 7.1 0.5 24.3 21 14 Exports Worl d 9.2 15.6 1.6 0.0 6.7 25 10 U.S. 10.6 18.1 0.2 0.0 1.0 16 15 Forei gn 10.0 17.0 1.5 0.0 6.5 25 10 Domestic Use Worl d 2.1 3.5 4.9 0.2 22.9 22 13 U.S. 8.6 14.6 0.2 0.0 0.5 13 22 Forei gn 2.1 3.6 5.0 0.2 22.9 22 13 Endin g Stocks Worl d 13.8 23.4 5.4 0.1 16.1 26 9 U.S. 28.8 48.9 0.3 0.0 1.0 22 12 Forei gn 15.2 25.8 5.4 0.2 16.5 27 8 1/ Footnotes at end of table. CONTINUED July 2016 WASDE - 555 - 36 Reliability of July Projections (Continued) 1/ Differences between forecast and final estimate 90 percen t Years Commodity and Region Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final SOYBEANS Percent Million Metric Tons Production World 5.2 8.8 7.0 0.5 26.9 16 19 U.S. 7.1 12.0 3.4 0.2 11.7 17 18 Foreign 7.7 13.0 6.4 1.0 25.8 19 16 Exports World 8.0 13.5 3.3 0.0 10.7 22 13 U.S. 13.1 22.2 2.6 0.1 6.8 20 15 Foreign 20.6 34.9 2.6 0.0 10.5 19 16 Domestic Use World 4.0 6.7 5.4 0.5 16.1 21 14 U.S. 5.4 9.2 1.7 0.0 4.9 22 13 Foreign 4.3 7.3 4.6 0.1 11.2 21 14 Ending Stocks World 15.3 26.0 4.0 0.0 19.5 20 15 U.S. 55.3 93.8 2.6 0.0 8.2 10 25 Foreign 19.4 32.9 4.1 0.0 18.0 22 13 COTTON Million 480-Pound Bales Production World 5.9 10.0 3.9 0.0 14.9 21 14 U.S. 10.0 17.0 1.4 0.1 5.3 19 16 Foreign 6.0 10.3 3.2 0.0 12.1 19 15 Exports World 10.6 17.9 2.3 0.1 11.6 19 16 U.S. 28.1 47.7 1.3 0.1 3.6 21 14 Foreign 14.1 23.9 2.0 0.0 9.8 16 19 Domestic Use World 4.3 7.3 3.0 0.0 15.4 16 19 U.S. 9.4 15.9 0.5 0.0 1.4 18 16 Foreign 4.4 7.5 2.9 0.1 14.6 15 20 Ending Stocks World 16.8 28.5 6.1 0.2 16.3 24 11 U.S. 40.3 68.5 1.5 0.1 4.9 15 20 Foreign 16.4 27.8 5.3 0.5 16.1 25 10 1/ Marketing years 1981/82 through 2015/16 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2014/15, and for 2015/16 last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. July 2016 WASDE - 555 - 37 Reliability of United States July Projections 1/ Differences between forecast and final estimate 90 percen t Years Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final CORN Percent Million Bushels Production 11.5 19.6 582 12 2,190 19 16 Exports 28.2 47.9 285 0 900 13 20 Domestic Use 5.1 8.6 279 0 770 22 12 Ending Stocks 50.2 85.2 478 11 1,840 15 20 SORGHUM Production 18.7 31.7 72 3 213 18 17 Exports 38.0 64.5 46 0 170 16 18 Domestic Use 28.5 48.3 52 3 139 14 21 Ending Stocks 67.6 114.7 49 0 174 12 22 BARLEY Production 8.0 13.6 22 0 87 12 22 Exports 58.6 99.5 15 0 92 21 13 Domestic Use 10.4 17.7 26 0 87 14 20 Ending Stocks 23.1 39.1 28 0 114 14 20 OATS Production 12.4 21.0 21 0 144 6 28 Exports 1 0 0 . 8 1 7 1 . 11088 1 2 Domestic Use 6.5 11.1 17 0 67 11 21 Ending Stocks 22.5 38.2 15 0 68 15 19 SOYBEAN MEAL Thousand Short Tons Production 5.4 9.2 1,289 118 4,432 25 10 Exports 15.8 26.9 918 50 2,450 20 15 Domestic Use 5.9 9.9 974 76 4,470 17 18 Ending Stocks 41.8 71.0 53 0 413 10 16 SOYBEAN OIL Million Pounds Production 5.2 8.8 639 81 2,130 25 10 Exports 35.4 60.1 435 0 1,575 20 14 Domestic Use 4.4 7.4 462 0 2,300 20 14 Ending Stocks 41.2 70.0 501 15 1,568 18 17 ANIMAL PROD. 3/ Million Pounds Beef 4.2 7.2 813 83 2,677 15 7 Pork 3.1 5.3 452 39 1,372 12 10 Broilers 2.3 4.0 681 184 1,338 9 13 Turkeys 4.0 6.9 169 2 468 10 12 Million Dozen Eggs 1.6 2.7 91 4 266 15 7 Billion Pounds Milk 1.6 2.8 2.1 0.0 7.0 13 7 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2015/16 for grains, soybeans, and cotton. Final for grains, so ybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2014/15, and for 2015/16 last month’s estimate. Calendar years 1995 through 2015 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1995-2015. WASDE-555-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oc e/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Produc tion, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 19 0 countries and regions at http://www.fas.usda.gov/psd/online . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production As sessment Division (IPAD) of the Foreign Agricultural Service. IPAD is located at www.pecad.fa s.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric-Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 WASDE Notification System Subscribers are notified through GovDelivery when the monthly World Agricultural Supply and Demand Estimates (WASDE ) report is available. Previous WASDE reports are available at http://usda.mannlib.cornell.edu/MannUsd a/viewDocumentInfo.do?documentID=1194 For questions contact: Susan Carter at 202-720-5447 or [email protected] World Agricultural Suppl y and Demand Estimates WASDE-555 – July 12, 2016 WASDE Briefing Slides: The briefing slides wh ich accompany today’s WASDE report will be available at http://www.usda.gov/oce /commodity/wasde/ Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e-mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu . Select the “Reports by E-Mail” bar to sign up. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250-9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 647 Approved by the World Agricultural Outlook Board April 11, 2024 WHEAT: This month’s supply and demand outlook for 2023/24 U.S. wheat is for lower supplies, reduced domestic use, unchanged exports, and higher ending stocks. Supplies are tightened with a reduction in projected imports by 5 million bushels to 140 million on a slower -than-expected import pace, primarily for Hard Red Winter. Domestic consumption is forecast down on lower -than-expected implied feed and residual use in the second and third quarters based on the latest NASS Grain Stocks report. As a result, annual fee d and residual use is lowered 30 million bushels to 90 million. Projected 2023/24 ending stocks are raised 25 million bushels to 698 million, 22 percent above last year. The season-average farm price is reduced $0.05 per bushel to $7.10. The 2023/24 global wheat outlook this month is for larger supplies, consumption, and exports and smaller ending stocks. Supplies are raised 0.6 million tons to 1,058.4 million on increased production estimates for the EU, Moldova, and Pakistan. The world consumption forecast is increased 1.1 million tons to 800.1 million. Food, Seed, and Industrial use in India is increased 2.0 million tons this month to 106.2 million . The latest monthly stocks reports issued by the Food Corporation of India shows continued open market sales as the Government of India attempts to limit food price inflation ahead of elections, which begin later this month. Global feed and residual use is forecast lower on reductions for Russia and the United States that are only partly offset by increased use for the EU . Projected 2023/24 global trade is raised 1.3 million tons to 213.5 million, mostly on higher export forecasts for Russia and Ukraine that are only partly offset by a reduction for the European Union . Russia’s export forecast is raised 1.0 million tons to 52.0 million, as shipments have continued at a robust pace. Ukraine exports are raised, up 1.5 million tons to 17.5 million as competitive prices and expanded operating hours at the ports of Odessa this year allow trade to increase. EU exports, however, are reduced 2.0 million tons to 34.5 million as competition from the Black Sea has restrained their exports to date. Projected 2023/24 world ending stocks are down 0.6 million tons to 258.3 million as lower stocks for India and Ukraine are only partly offset by increases for Algeria and the EU. If realized, global stocks for 2023/24 would be five percent below last year and the lowest since 2015/16 . COARSE GRAINS: This month’s 2023/24 U.S. corn outlook is for greater corn used for ethanol and feed and residual use and smaller ending stocks . Corn used for ethanol is raised 25 million bushels to 5.4 billion based on data through February from the Grain Crushings and Co- Products Production report and weekly ethanol production data as reported by the Energy Information Administration for the month of March. Feed and residual use is increased 25 million to 5.7 billion based on indicated disappearance WASDE- 647-2 during the December -February quarter . With no supply changes and use rising, ending stocks are lowered 50 million bushels to 2.1 billion bushels . The season -average farm price is lowered 5 cents to $4.70 per bushel. Global coarse grain production for 2023/24 is forecast 2.3 million tons lower to 1,505.1 million . This month’s foreign coarse grain outlook is for declines in production, trade, and ending stocks . Foreign corn production is forecast lower as cuts for South Africa, Argentina, Mexico, and Moldova are partially offset by increases for the EU and the Philippines . Corn production is cut for South Africa as a continuation of drought during March further reduces yield prospects . Argentina and Mexico are both lower ed reflecting a decline in yield expectations. EU corn production is raised mostly reflecting increases for Hungary, Poland, Spain, and France that are partly offset by declines for Romania, Slovakia, and Bulgaria. Foreign barley production is virtually unchanged. Major global trade changes for 2023/24 include lower forecast corn exports for South Africa, India, and Tanzania but an increase for Russia. Corn imports are lowered for the EU, Saudi Arabia, Bangladesh, Thailand, Cuba, and Kenya but raised for Mexico. Barley imports are raised for China but lowered for Saudi Arabia and Algeria. Foreign corn ending stocks are essentially unchanged, mostly reflecting declines for Mexico and South Africa that are offset by small increases for several countries. Global corn ending stocks, at 318.3 million tons, are down 1.4 million from last month. RICE : The outlook for 2023/24 U.S. rice this month is for unchanged supplies, reduced domestic use, higher exports, and increased ending stocks . Total domestic and residual use is lowered 5.0 million cwt to 157.0 million with all of the decline for long- grain. This is the result of a reduction in the December -February quarter in implied disappearance compared to a year earlier as indicated in the latest NASS Rice Stocks report . Total exports are raised 3.0 million cwt to 91.0 million as higher long- grain exports are partially offset by a reduction in medium - and short -grain. Long- grain exports, now at 70.0 million cwt, would be the highest since 2016/17 despite current long- grain prices significantly higher than 2016/17. Sustained higher sales and shipments of long- grain rough rice to Mexico, Central America, Venezuela, and Colombia drive this increase. Despite larger exports, the reduction in domestic and residual use more than offsets the export increase resulting in higher ending stocks, up 2.0 million cwt to 43.5 million. The season- average price for all rice is unchanged at $18.80 per cwt with prices by class also unchanged. The 2023/24 global outlook this month is for larger supplies, lower consumption, modestly higher trade, and higher ending stocks . Supplies are raised 0.9 million tons to 693.5 million, primarily on higher beginning stocks for Cambodia and Burma. World 2023/24 consumption is lowered 1.5 million tons to a still record 521.3 million, largely on a reduction for China. India’s export restrictions on broken rice and fewer Chinese auctions of old- crop rice are factors causing this reduction. Global 2023/24 trade i s raised 0.4 million tons to 52.9 million on higher exports for Burma, Cambodia, Vietnam, and the United States more than offsetting lower China exports . Projected world ending stocks are raised 2.5 million tons to 172.2 million primarily on increases for China, Vietnam, and Bangladesh. OILSEEDS: The outlook for U.S. soybean supply and use for 2023/24 includes lower imports, residual, and exports, and higher ending stocks. Soybean trade is reduced on WASDE- 647-3 pace to date and expectations for future shipments . With the trade changes and slightly lower residual, soybean ending stocks are raised 25 million bushels to 340 million . The U.S. season -average soybean price for 2023/24 is forecast at $12.55 per bushel, down 10 cents. Soybean meal and oil prices are unchanged at $380 per short ton and 49 cents per pound, respectively. Global 2023/24 soybean supply and demand forecasts include lower production, exports, crush, and nearly unchanged ending stocks. Soybean production is lowered mainly for South Africa on drought conditions during the season, which negatively impacted yield potential. Partly offsetting is higher production for Paraguay, up 0.2 million tons to 10.5 million . Global s oybean exports are lowered 0.5 million tons to 173.1 million mainly on lower exports for the United States and South Africa partly offset by higher shipments for Paraguay . Imports are lowered for Indonesia, Russia, Algeria, and the United States, but raised for the EU . Global soybean ending stocks are nearly unchanged with higher stocks for the United States offset by lower stocks for Canada, Iran, and Russia. SUGAR: Mexico production for 2023/24 is projected at 4.572 million metric tons (MT), a decrease of 175,090 from last month and 651,856 lower than last year. Area harvested is running over 20,000 hectares below the level forecast by CONADESUCA resulting in the current USDA projection of 727,116 hectares. Interim analysis based on the CONADESU CA production data through March 30 supports an increase in sugarcane yield from last month to 62.25 MT/hectare and also in sucrose recovery to 10.10 percent. However, the area reduction more than offsets the yield and recovery increases to reach this mont h’s projection of sugar production. Production of low polarity sugar is reduced by 107,206 MT to 320,067 as producers have hastened the trend toward more profitable estandar sugar for the domestic market at the expense of less low polarity sugar. The low polarity sugar share of total production is at 7 percent, down from 9 percent last month. Assuming that all projected low polarity sugar is exported to the U.S. market and lik e last year constitutes 75 percent of the total exported, exports to the United St ates are projected at 426,757 MT, a decrease of 142,941. On April 5, the Secretaría de Economía in Mexico announced that it would temporarily accept imports of sugar intended for use in the IMMEX program until August 31 with each shipment requiring its approval. This effectively means that imports from the United States under USDA’s re- export import program can be shipped duty -free into Mexico only for use in IMMEX. Thus, 50,000 -MT worth of Mexico production for IMMEX can be redirected to deliveries for human consumption. With more net sugar available, IMMEX is projected 25,000 MT higher at 425,000 MT. Given that Mexico has imported 435,000 MT of high -tier tariff sugar for consumption through March 31, USDA projects imports in the pipeline at 40,000 MT , implying imports for consumption at 475,000 MT. Total imports are, therefore, at 575,000 MT. Exports to other countries are residually projected at 43,914 MT. U.S. beet sugar production for 2023/24 is decreased by 27,340 short tons, raw value (STRV) to 5.144 million on lower forecast sucrose recovery. Beet pile shrink is unchanged at 9 percent . Cane sugar production is unchanged. TRQ imports are up WASDE- 647-4 25,086 STRV to 1.775 million on higher imports expected from Argentina and Panama. TRQ shortfall falls by that same amount to 66,690 STRV. Imports from Mexico decrease by 167,020 STRV to 498,644 but are largely offset by an increase of high- tier tariff imports of 140,000 STRV (all raw sugar) to bring the total to 855,000. This pace -to-date adjustment reflects that imports for the remaining 6 months of the fiscal year will be close to imports for the first 6 months. Exports are increased by 37,634 STRV to 197,634 as increased program exports more than offset a reduction of other sugar exports to Mexico. Deliveries for consumption are unchanged. Deliveries for human consumption were low in February due to a likely underreporting of direct consumption imports i n February that will see an offsetting expansion in March. Ending stocks are projected at 1.722 million STRV for an ending stocks -to-use ratio of 13.50 percent . LIVESTOCK, POULTRY, AND DAIRY : For 2024, red meat and poultry production is raised from last month. Beef production is raised due to heavier weights and higher slaughter . Pork production is raised on higher hog slaughter more than offsetting a slight decline in weights . The current outlook for hog slaughter in 2024 reflects the information provided in the March 28 Quarterly Hogs and Pigs report that showed higher pig crops than previously reported for 2023 and continued strong growth in pigs per litter in early 2024. Broiler production is raised based on recent production and hatchery data, as well as a continuing trend of heavier bird weights . Turkey production is raised for the first quarter on recent production and hatchery data. Egg production is lowered based on recent discoveries of Highly Pathogenic Avian Influenza (HPAI) in commercial laying flocks. Beef exports are raised for 2024 based on recent trade data . Pork exports are also raised based on strong exports reported through the first two months of the year . Larger U.S. pork supplies will support exports . Broiler exports are lower ed based on recent trade data and expectations that higher prices may affect trade to a number of price sensitive markets . Turkey exports are unchanged. Egg exports are raised slightly based on recent trade data. Cattle prices are raised for the year based on recent data and expected strength in demand. Hog prices are also raised based on reported data and stronger -than- expected demand. Broiler prices are raised based on recent price strength carrying into the rest of the year. Turkey prices are lowered based on latest reported data and continued signs of relatively weak demand. Egg prices are raised due to recent prices and expectations of tighter supplies. The milk production forecast for 2024 is lowered on slower expected growth in milk per cow; cow numbers are unchanged from last month. Fat basis imports for 2024 are raised on higher expected butter and cheese imports . Skim -solids basis imports are raised for a number of dairy products . Fat basis exports are raised on strong international demand for butter and price competitiveness of U.S. cheese. Skim -solids basis exports are lowered as fewer expected shipments of lactose and whey products more than offset higher shipments of nonfat dry milk (NDM) and cheese. Butter prices for 2024 are raised on observed prices and continued strength in demand. Cheese, NDM, and whey prices are all lowered on recent prices. Class III prices are WASDE- 647-5 lowered due to lower cheese and wh ey price forecasts. Class IV prices are raised due to higher butter prices more than offsetting lower NDM prices . The all milk price for 2024 is projected lower at $20.90 per cwt. COTTON : The U.S. 2023/24 cotton supply and demand projections are unchanged this month, with ending stocks forecast at 2.5 million bales or 18 percent of total disappearance. The marketing year price received by upland cotton producers is projected to average 76 cents per pound, a decrease of 1 cent from last month. The global cotton supply and demand estimates for 2023/24 show higher trade and lower ending stocks compared with last month. World production and consumption are mostly unchanged. World trade for 2023/24 is projected 700,000 bales higher this month to nearly 44 million, as a 1.3 -million -bale increase in China’s imports is only partially offset by reductions for Pakistan and Indonesia. Brazil, Australia, and Turkey exports are all projected higher. Ending stocks for 2023/24 are projected down nearly 300,000 bales this month as lower stocks across West Africa, Australia, and Brazil more than offset higher supplies in China. Approved by the Secretary of Agriculture and by the Chairman of the World Agricultural Outlook Board, Mark Jekanowski, (202) 720- 6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: GLORIA MONTAÑO GREENE SECRETARY OF AGRICULTURE DESIGNATE WASDE- 647-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone, ICEC Chair, WAOB, [email protected] Andrew Sowell, ERS; Rachel Trego, FAS; Bruce McWilliams, FPAC. Rice: Mark Simone, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS ; Kent Lanclos, FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Aaron Ates , ERS; Kevin Min, FAS; Jacob Vuillemin, FPAC. Oilseeds: Joanna Hitchner , ICEC Chair, WAOB, [email protected] Maria Bukowski, ERS; Agata Kingsbury, FAS; Gustavo Ferreira, FPAC. Cotton: Hunter Colby , ICEC Chair (Acting) , WAOB, [email protected] Leslie Meyer, ERS; Graham Soley, FAS; Kent Lanclos, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Vida Abadam, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Mildred Haley, ERS; Mason Grahame, FAS; Jacob Vuillemin, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Grace Grossen, ERS; Claire Mezoughem, FAS . Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Jessica Richard, AMS; Adriana Valcu-Lisman , ERS; Jeffery Dwyer, FAS. In 2024 the WASDE report will be released on May 10, Jun 12, Jul 12, Aug 12, Sep 12, Oct 11, Nov 8, and Dec 10. WASDE- 647-7 T A B L E OF C O N T E N T S Page Highlights ................................ ................................ ................................ ............. 1 Interagency Commodity Estimates Committees ................................ .................... 6 World & U.S. Supply & Use for Grains ................................ ................................ .. 8 World & U.S. Supply & Use for Cotton ................................ ................................ .. 9 World & U.S. Supply & Use for Oilseeds ................................ ............................ 10 U.S. Wheat Supply & Use ................................ ................................ .................. 11 U.S. Wheat Supply & Use by Class ................................ ................................ .... 11 U.S. Feed Grain & Corn Supply & Use ................................ ............................... 12 U.S. Sorghum, Barley & Oats Supply & Use ................................ ....................... 13 U.S. Rice Supply & Use ................................ ................................ ..................... 14 U.S. Soybeans & Products Supply & Use ................................ ........................... 15 U.S. Sugar Supply & Use ................................ ................................ ................... 16 Mexico Sugar Supply and Use ................................ ................................ ........... 16 U.S. Cotton Supply & Use ................................ ................................ .................. 17 World Wheat Supply & Use ................................ ................................ ................ 18 World Coarse Grains Supply & Use ................................ ................................ .... 20 World Corn Supply & Use ................................ ................................ .................. 22 World Rice Supply & Use ................................ ................................ ................... 24 World Cotton Supply & Use ................................ ................................ ................ 26 World Soybean Supply & Use ................................ ................................ ............ 28 World Soybean Meal Supply & Use ................................ ................................ .... 29 World Soybean Oil Supply & Use ................................ ................................ ....... 30 U.S. Quarterly Animal Product Production ................................ .......................... 31 U.S. Quarterly Prices for Animal Products ................................ .......................... 31 U.S. Meats Supply and Use ................................ ................................ ............... 32 U.S. Egg Supply & Use ................................ ................................ ...................... 33 U.S. Milk Supply and Use ................................ ................................ .................. 33 U.S. Dairy Prices ................................ ................................ ............................... 34 Reliability Tables ................................ ................................ ................................ 35 Related USDA Reports ................................ ................................ ...................... 38 Metric Conversion Factors ................................ ................................ ................. 38 Electronic Access and Subscriptions ...................................................................... 40 April 2024 WASDE - 647 - 8 World and U.S. Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2021/22 2794.18 3589.21 513.28 2794.83 794.38 2022/23 (Est.) 2749.83 3544.21 494.49 2762.90 781.31 filler filler filler filler filler 2023/24 (Proj.) Mar 2809.49 3589.13 507.86 2814.47 774.66 2023/24 (Proj.) Apr 2808.02 3589.33 507.84 2814.33 774.99 filler filler filler filler filler Wheat 2021/22 780.35 1064.02 202.76 791.34 272.69 2022/23 (Est.) 789.34 1062.03 220.17 791.02 271.00 filler filler filler filler filler 2023/24 (Proj.) Mar 786.70 1057.80 212.13 798.98 258.83 2023/24 (Proj.) Apr 787.36 1058.37 213.47 800.10 258.27 filler filler filler filler filler Coarse Grains 5/ 2021/22 1500.73 1824.37 253.62 1485.87 338.50 2022/23 (Est.) 1446.07 1784.58 220.25 1452.24 332.34 filler filler filler filler filler 2023/24 (Proj.) Mar 1507.41 1838.76 243.15 1492.63 346.14 2023/24 (Proj.) Apr 1505.13 1837.46 241.43 1492.89 344.58 filler filler filler filler filler Rice, milled 2021/22 513.10 700.81 56.91 517.63 183.19 2022/23 (Est.) 514.42 697.61 54.07 519.64 177.97 filler filler filler filler filler 2023/24 (Proj.) Mar 515.39 692.57 52.58 522.87 169.70 2023/24 (Proj.) Apr 515.53 693.50 52.94 521.35 172.15 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2021/22 447.17 511.98 94.82 360.06 57.09 2022/23 (Est.) 406.43 471.36 67.73 350.03 53.60 filler filler filler filler filler 2023/24 (Proj.) Mar 459.13 520.63 81.81 361.26 77.57 2023/24 (Proj.) Apr 459.13 520.46 81.90 361.55 77.01 filler filler filler filler filler Wheat 2021/22 44.80 70.42 21.66 30.41 18.36 2022/23 (Est.) 44.90 66.57 20.65 30.42 15.50 filler filler filler filler filler 2023/24 (Proj.) Mar 49.31 68.76 19.32 31.14 18.30 2023/24 (Proj.) Apr 49.31 68.63 19.32 30.32 18.98 filler filler filler filler filler Coarse Grains 5/ 2021/22 396.30 432.90 70.52 324.91 37.48 2022/23 (Est.) 356.45 397.18 45.04 315.00 37.14 filler filler filler filler filler 2023/24 (Proj.) Mar 402.89 442.62 59.69 324.99 57.94 2023/24 (Proj.) Apr 402.89 442.58 59.69 326.25 56.64 filler filler filler filler filler Rice, milled 2021/22 6.07 8.65 2.65 4.74 1.26 2022/23 (Est.) 5.08 7.61 2.04 4.61 0.96 filler filler filler filler filler 2023/24 (Proj.) Mar 6.93 9.26 2.79 5.14 1.32 2023/24 (Proj.) Apr 6.93 9.26 2.89 4.99 1.38 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). April 2024 WASDE - 647 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2021/22 2,347.01 3,077.23 418.46 2,434.77 737.29 2022/23 (Est.) 2,343.40 3,072.85 426.76 2,412.87 727.71 filler filler filler filler filler 2023/24 (Proj.) Mar 2,350.36 3,068.50 426.06 2,453.20 697.10 2023/24 (Proj.) Apr 2,348.89 3,068.86 425.94 2,452.78 697.98 filler filler filler filler filler Wheat 2021/22 735.55 993.60 181.10 760.92 254.33 2022/23 (Est.) 744.44 995.46 199.52 760.60 255.50 filler filler filler filler filler 2023/24 (Proj.) Mar 737.39 989.04 192.81 767.84 240.52 2023/24 (Proj.) Apr 738.05 989.74 194.15 769.78 239.28 filler filler filler filler filler Coarse Grains 5/ 2021/22 1,104.43 1,391.47 183.10 1,160.95 301.03 2022/23 (Est.) 1,089.62 1,387.40 175.21 1,137.24 295.20 filler filler filler filler filler 2023/24 (Proj.) Mar 1,104.52 1,396.15 183.46 1,167.64 288.19 2023/24 (Proj.) Apr 1,102.24 1,394.88 181.74 1,166.64 287.93 filler filler filler filler filler Rice, milled 2021/22 507.03 692.16 54.26 512.89 181.92 2022/23 (Est.) 509.34 690.00 52.03 515.03 177.01 filler filler filler filler filler 2023/24 (Proj.) Mar 508.46 683.31 49.79 517.72 168.38 2023/24 (Proj.) Apr 508.60 684.24 50.05 516.36 170.77 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grain s. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2021/22 114.51 192.18 43.32 116.10 76.32 2022/23 (Est.) 116.15 192.47 37.04 111.22 82.61 filler filler filler filler filler 2023/24 (Proj.) Mar 112.96 195.92 43.26 112.94 83.34 2023/24 (Proj.) Apr 112.92 195.53 43.97 112.82 83.08 filler filler filler filler filler United States 2021/22 17.52 20.68 14.48 2.55 4.05 2022/23 (Est.) 14.47 18.52 12.77 2.05 4.25 filler filler filler filler filler 2023/24 (Proj.) Mar 12.10 16.36 12.30 1.75 2.50 2023/24 (Proj.) Apr 12.10 16.36 12.30 1.75 2.50 filler filler filler filler filler Foreign 4/ 2021/22 96.98 171.50 28.84 113.55 72.27 2022/23 (Est.) 101.68 173.95 24.27 109.17 78.36 filler filler filler filler filler 2023/24 (Proj.) Mar 100.86 179.57 30.96 111.19 80.84 2023/24 (Proj.) Apr 100.82 179.17 31.67 111.07 80.58 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. April 2024 WASDE - 647 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2021/22 611.55 725.45 179.56 512.24 112.01 2022/23 (Est.) 637.47 749.48 202.02 524.88 119.88 filler filler filler filler filler 2023/24 (Proj.) Mar 658.68 779.44 199.63 541.25 131.36 2023/24 (Proj.) Apr 658.50 778.38 199.41 541.84 130.60 filler filler filler filler filler Oilmeals 2021/22 350.98 370.46 96.54 348.08 20.01 2022/23 (Est.) 357.27 377.28 97.72 355.39 17.02 filler filler filler filler filler 2023/24 (Proj.) Mar 369.37 386.93 101.85 364.42 18.83 2023/24 (Proj.) Apr 369.60 386.62 102.84 364.51 18.30 filler filler filler filler filler Vegetable Oils 2021/22 208.13 237.27 79.56 202.61 29.34 2022/23 (Est.) 217.88 247.22 88.77 210.74 31.35 filler filler filler filler filler 2023/24 (Proj.) Mar 222.85 254.21 88.99 218.16 30.85 2023/24 (Proj.) Apr 223.17 254.51 89.08 218.15 31.08 filler filler filler filler filler United States Output Total Supply Trade Total Use 2 / Ending Stocks Oilseeds 2021/22 131.32 141.14 59.55 63.87 9.14 2022/23 (Est.) 125.75 136.42 55.12 64.16 8.85 filler filler filler filler filler 2023/24 (Proj.) Mar 122.37 132.65 48.05 66.66 10.10 2023/24 (Proj.) Apr 122.37 132.48 47.48 66.68 10.76 filler filler filler filler filler Oilmeals 2021/22 49.23 53.19 12.46 40.38 0.35 2022/23 (Est.) 49.94 54.60 13.50 40.69 0.41 filler filler filler filler filler 2023/24 (Proj.) Mar 51.56 56.21 14.54 41.23 0.44 2023/24 (Proj.) Apr 51.58 56.23 14.54 41.24 0.44 filler filler filler filler filler Vegetable Oils 2021/22 13.05 19.61 1.05 17.27 1.30 2022/23 (Est.) 13.18 20.75 0.33 19.28 1.14 filler filler filler filler filler 2023/24 (Proj.) Mar 13.55 21.35 0.29 19.94 1.11 2023/24 (Proj.) Apr 13.58 21.51 0.31 20.06 1.14 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2021/22 480.22 584.31 120.01 448.37 102.87 2022/23 (Est.) 511.72 613.06 146.91 460.72 111.04 filler filler filler filler filler 2023/24 (Proj.) Mar 536.31 646.79 151.58 474.59 121.26 2023/24 (Proj.) Apr 536.12 645.91 151.94 475.16 119.83 filler filler filler filler filler Oilmeals 2021/22 301.75 317.27 84.08 307.70 19.66 2022/23 (Est.) 307.33 322.68 84.22 314.71 16.60 filler filler filler filler filler 2023/24 (Proj.) Mar 317.81 330.72 87.31 323.20 18.39 2023/24 (Proj.) Apr 318.03 330.39 88.30 323.27 17.86 filler filler filler filler filler Vegetable Oils 2021/22 195.08 217.65 78.52 185.33 28.05 2022/23 (Est.) 204.70 226.48 88.44 191.46 30.21 filler filler filler filler filler 2023/24 (Proj.) Mar 209.29 232.86 88.70 198.22 29.74 2023/24 (Proj.) Apr 209.59 233.00 88.78 198.09 29.95 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. April 2024 WASDE - 647 - 11 U.S. Wheat Supply and Use 1/ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Mar Apr Million Acres Area Planted 46.7 45.8 49.6 49.6 Area Harvested 37.1 35.5 37.3 37.3 Bushels Yield per Harvested Acre 44.3 46.5 48.6 48.6 Million Bushels Beginning Stocks 845 674 570 570 Production 1,646 1,650 1,812 1,812 Imports 96 122 145 140 Supply, Total 2,588 2,446 2,527 2,522 Food 971 973 960 960 Seed 58 68 64 64 Feed and Residual 88 77 120 90 Domestic, Total 1,117 1,118 1,144 1,114 Exports 796 759 710 710 Use, Total 1,913 1,876 1,854 1,824 Ending Stocks 674 570 673 698 Avg. Farm Price ($/bu) 2/ 7.63 8.83 7.15 7.10 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2022/23 (Est.) Beginning Stocks 356 142 99 54 24 674 Production 531 446 336 272 64 1,650 Imports 5 56 4 7 51 122 Supply, Total 3/ 891 644 439 333 139 2,446 Food 374 266 163 85 85 973 Seed 29 17 14 6 3 68 Feed and Residual 42 -8 65 -22 0 77 Domestic Use 444 275 242 68 88 1,118 Exports 224 214 107 190 23 759 Use, Total 669 489 349 259 111 1,876 Ending Stocks, Total 223 155 90 74 28 570 2023/24 (Proj.) Beginning Stocks 223 155 90 74 28 570 Production 601 468 449 235 59 1,812 Imports 18 65 7 6 44 140 Supply, Total 3/ 842 688 546 315 131 2,522 Food 378 255 160 84 83 960 Seed 27 16 12 6 3 64 Feed and Residual 25 -10 90 -10 -5 90 Domestic Use 430 261 262 80 81 1,114 Exports 135 230 165 155 25 710 Use, Total 565 491 427 235 106 1,824 Ending Stocks, Total Apr 277 197 119 80 25 698 Ending Stocks, Total Mar 282 177 119 74 21 673 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. April 2024 WASDE - 647 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Mar Apr Million Acres Area Planted 105.5 100.0 107.5 107.5 Area Harvested 94.1 86.6 96.0 96.0 Metric Tons Yield per Harvested Acre 4.21 4.11 4.19 4.19 Million Metric Tons Beginning Stocks 34.0 37.5 37.1 37.1 Production 396.0 356.1 402.6 402.6 Imports 2.3 2.9 2.3 2.3 Supply, Total 432.4 396.5 442.0 442.0 Feed and Residual 147.4 142.3 147.5 148.3 Food, Seed & Industrial 177.0 172.1 176.9 177.4 Domestic, Total 324.4 314.4 324.4 325.7 Exports 70.5 45.0 59.7 59.7 Use, Total 394.9 359.4 384.1 385.4 Ending Stocks 37.5 37.1 57.9 56.6 CORN 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. March April Million Acres Area Planted 92.9 88.2 94.6 94.6 Area Harvested 85.0 78.7 86.5 86.5 Bushels Yield per Harvested Acre 176.7 173.4 177.3 177.3 Million Bushels Beginning Stocks 1,235 1,377 1,360 1,360 Production 15,018 13,651 15,342 15,342 Imports 24 39 25 25 Supply, Total 16,277 15,066 16,727 16,727 Feed and Residual 5,671 5,486 5,675 5,700 Food, Seed & Industrial 2/ 6,757 6,558 6,780 6,805 Ethanol & by -products 3/ 5,320 5,176 5,375 5,400 Domestic, Total 12,427 12,045 12,455 12,505 Exports 2,472 1,661 2,100 2,100 Use, Total 14,900 13,706 14,555 14,605 Ending Stocks 1,377 1,360 2,172 2,122 Avg. Farm Price ($/bu) 4/ 6.00 6.54 4.75 4.70 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by- products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Market ing- year weighted average price received by farmers. April 2024 WASDE - 647 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Mar Apr Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 7.3 6.3 7.2 7.2 Area Harvested (mil. acres) 6.5 4.6 6.1 6.1 Yield (bushels/acre) 69.0 41.1 52.0 52.0 Beginning Stocks 20 47 24 24 Production 448 188 318 318 Imports 0 0 0 0 Supply, Total 468 235 342 342 Feed and Residual 80 42 45 50 Food, Seed & Industrial 45 59 30 25 Total Domestic 125 102 75 75 Exports 296 109 245 245 Use, Total 421 211 320 320 Ending Stocks 47 24 22 22 Avg. Farm Price ($/bu) 2/ 5.94 5.94 4.85 4.85 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. March April Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.7 2.9 3.1 3.1 Area Harvested (mil. acres) 2.0 2.4 2.6 2.6 Yield (bushels/acre) 60.5 71.7 72.4 72.4 Beginning Stocks 71 37 66 66 Production 121 174 185 185 Imports 15 24 15 15 Supply, Total 207 235 266 266 Feed and Residual 23 36 60 60 Food, Seed & Industrial 139 131 125 125 Total Domestic 162 167 185 185 Exports 7 2 4 4 Use, Total 170 169 189 189 Ending Stocks 37 66 77 77 Avg. Farm Price ($/bu) 2/ 5.31 7.40 7.40 7.35 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. March April Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.6 2.6 2.6 2.6 Area Harvested (mil. acres) 0.7 0.9 0.8 0.8 Yield (bushels/acre) 61.3 65.5 68.6 68.6 Beginning Stocks 38 33 35 35 Production 40 58 57 57 Imports 81 84 77 75 Supply, Total 159 174 169 167 Feed and Residual 44 57 50 50 Food, Seed & Industrial 79 81 81 81 Total Domestic 124 138 131 131 Exports 3 2 2 2 Use, Total 126 140 133 133 Ending Stocks 33 35 36 34 Avg. Farm Price ($/bu) 2/ 4.55 4.57 3.80 3.80 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. April 2024 WASDE - 647 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Mar Apr Million Acres Area Planted 2.53 2.22 2.89 2.89 Area Harvested 2.48 2.17 2.85 2.85 Fil ler Pounds Yield per Harvested Acre 7,710 7,385 7,649 7,649 Million Hundredweight Beginning Stocks 2/ 43.7 39.7 30.3 30.3 Production 191.1 160.0 218.3 218.3 Imports 37.8 39.9 43.0 43.0 Supply, Total 272.5 239.7 291.5 291.5 Domestic & Residual 3/ 149.3 145.1 162.0 157.0 Exports, Total 4/ 83.5 64.3 88.0 91.0 Rough 28.2 18.1 36.0 40.0 Milled (rough equiv.) 55.3 46.2 52.0 51.0 Use, Total 232.8 209.4 250.0 248.0 Ending Stocks 39.7 30.3 41.5 43.5 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 16.10 19.80 18.80 18.80 Total LONG -GRAIN RICE 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. March April Harvested Acres (mil.) 1.93 1.78 2.05 2.05 Yield (pounds/acre) 7,471 7,225 7,524 7,524 Beginning Stocks 29.7 24.6 21.2 21.2 Imports 30.7 31.9 36.0 36.0 Production 144.0 128.5 153.9 153.9 Supply, Total 7/ 204.4 185.0 211.0 211.0 Domestic & Residual 3/ 117.7 114.0 125.0 120.0 Exports 8/ 62.0 49.8 66.0 70.0 Use, Total 179.7 163.8 191.0 190.0 Ending Stocks 24.6 21.2 20.0 21.0 Avg. Farm Price ($/cwt) 6/ 13.60 16.70 16.10 16.10 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. March April Harvested Acres (mil.) 0.55 0.39 0.81 0.81 Yield (pounds/acre) 8,546 8,118 7,963 7,963 Beginning Stocks 11.5 13.0 6.8 6.8 Imports 7.1 8.0 7.0 7.0 Production 47.1 31.6 64.4 64.4 Supply, Total 7/ 66.1 52.4 78.2 78.2 Domestic & Residual 3/ 31.6 31.1 37.0 37.0 Exports 8/ 21.5 14.5 22.0 21.0 Use, Total 53.1 45.6 59.0 58.0 Ending Stocks 13.0 6.8 19.2 20.2 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 26.40 33.80 27.50 27.50 California 10/ 31.90 40.90 32.00 32.00 Other States 1/ 13.90 18.20 18.00 18.00 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2019/20 -1.0; 2020/21-2.5;2021/2 2-2.0. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kerne l and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing -year weighted average price received by farme rs. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The California medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the ri ce in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the f inal price may differ. 10/ Marketing year beginning October 1. * For June --Planted acres reported in March 31, 2023, "Prospective P lantings." Harvested acres are estimated using long run harvested -to-planted ratios by rice class. For July --Planted and harvested area are reported in June 30, 2023 "Acreage" report. Projected yield is based on by -class trend analysis and planted area. April 2024 WASDE - 647 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Mar Apr Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 87.2 87.5 83.6 83.6 Area Harvested 86.3 86.2 82.4 82.4 Fil ler Bushels Yield per Harvested Acre 51.7 49.6 50.6 50.6 Million Bushels Beginning Stocks 257 274 264 264 Production 4,464 4,270 4,165 4,165 Imports 16 25 30 25 Supply, Total 4,737 4,569 4,459 4,454 Crushings 2,204 2,212 2,300 2,300 Exports 2,152 1,992 1,720 1,700 Seed 102 97 102 100 Residual 5 4 22 13 Use, Total 4,463 4,305 4,144 4,114 Ending Stocks 274 264 315 340 Avg. Farm Price ($/bu) 2/ 13.30 14.20 12.65 12.55 Total SOYBEAN OIL 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. March April Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 2,131 1,991 1,607 1,607 Production 4/ 26,155 26,227 27,025 27,070 Imports 303 376 450 500 Supply, Total 28,589 28,594 29,082 29,177 Domestic Disappearance 24,827 26,609 27,200 27,200 Biofuel 3/ 10,379 12,491 13,000 13,000 Food, Feed & other Industrial 14,449 14,118 14,200 14,200 Exports 1,771 378 300 350 Use, Total 26,598 26,987 27,500 27,550 Ending stocks 1,991 1,607 1,582 1,627 Avg. Price (c/lb) 2/ 72.98 65.26 49.00 49.00 Total SOYBEAN MEAL 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. March April Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 341 311 371 371 Production 4/ 51,814 52,493 54,254 54,254 Imports 655 632 600 600 Supply, Total 52,810 53,436 55,225 55,225 Domestic Disappearance 38,959 38,402 39,025 39,025 Exports 13,540 14,664 15,800 15,800 Use, Total 52,499 53,065 54,825 54,825 Ending Stocks 311 371 400 400 Avg. Price ($/s.t.) 2/ 439.81 451.91 380.00 380.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received b y farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects soybean oil used for biofuels as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,219 million bushels for 2022/23 and 2,300 million bushels for 2023/24. April 2024 WASDE - 647 - 16 U.S. Sugar Supply and Use 1/ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Mar Apr Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,705 1,820 1,843 1,843 Production 2/ 9,157 9,250 9,243 9,215 Beet Sugar 5,155 5,187 5,172 5,144 Cane Sugar 4,002 4,063 4,071 4,071 Florida 1,934 1,985 2,095 2,095 Louisiana 1,944 2,001 1,936 1,936 Texas 124 76 40 40 Imports 3,646 3,614 3,331 3,417 TRQ 3/ 1,579 1,862 1,750 1,775 Other Program 4/ 298 141 200 288 Non-program 1,769 1,611 1,381 1,354 Mexico 1,379 1,156 666 499 High -tier tariff/other 390 455 715 855 Total Supply 14,508 14,685 14,416 14,474 Exports 29 82 160 198 Deliveries 12,578 12,589 12,555 12,555 Food 12,470 12,473 12,450 12,450 Other 5/ 107 116 105 105 Miscellaneous 81 171 0 0 Total Use 12,688 12,843 12,715 12,753 Ending Stocks 1,820 1,843 1,701 1,722 Stocks to Use Ratio 14.3 14.3 13.4 13.5 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2022/23 and 2023/24 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2022/23, WTO raw sugar TRQ short fall (161) and for 2023/24 (67). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries fo r livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE - reported deliveries: 2021/22 -- 303; estimated 2022/23 -- 304; projected 2023/24 -- 291 Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2022/23 Est. Mar 964 5,224 285 4,627 1,011 835 2022/23 Est. Apr 964 5,224 285 4,627 1,011 835 2023/24 Proj. Mar 835 4,747 494 4,593 595 889 2023/24 Proj. Apr 835 4,572 575 4,618 471 894 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2021/22 = 1,320; Estimated 2022/23 = 1,392; Projected 2023/24 = 1,407; Estimated Oct.2023 -Feb. 2024 = 595; Estimated Oct. -Feb. 2023 = 559. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2022/23 (405 est =387 dom.+18 import); 2023/24 (425 proj = 325 dom.+100 import). Statistical Adjustments: 2022/23 (29), 2023/24 (0). April 2024 WASDE - 647 - 17 U.S. Cotton Supply and Use 1/ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Mar Apr Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 11.21 13.75 10.23 10.23 Harvested 10.26 7.29 7.06 7.06 Fil ler Pounds Yield per Harvested Acre 820 953 822 822 Million 480 Pound Bales Beginning Stocks 3.15 4.05 4.25 4.25 Production 17.52 14.47 12.10 12.10 Imports 0.01 0.00 0.01 0.01 Supply, Total 20.68 18.52 16.36 16.36 Domestic Use 2.55 2.05 1.75 1.75 Exports, Total 14.48 12.77 12.30 12.30 Use, Total 17.03 14.82 14.05 14.05 Unaccounted 2/ -0.40 -0.55 -0.20 -0.20 Ending Stocks 4.05 4.25 2.50 2.50 Avg. Farm Price 3/ 91.4 84.8 77.0 76.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. April 2024 WASDE - 647 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 283.67 780.35 200.18 160.69 791.34 202.76 272.69 World Less China 144.55 643.41 190.62 125.69 643.34 201.88 135.93 United States 23.00 44.80 2.62 2.40 30.41 21.66 18.36 Total Foreign 260.67 735.55 197.57 158.29 760.92 181.10 254.33 Major Exporters 4/ 34.88 327.45 5.79 77.40 184.70 142.40 41.03 Argentina 2.32 22.15 0.00 0.25 6.55 16.00 1.93 Australia 3.02 36.24 0.21 5.00 8.50 27.51 3.45 Canada 5.95 22.42 0.55 5.15 10.15 15.12 3.66 European Union 5/ 10.70 138.48 4.63 45.00 108.25 31.93 13.63 Russia 11.38 75.16 0.30 18.50 41.75 33.00 12.09 Ukraine 1.51 33.01 0.10 3.50 9.50 18.84 6.27 Major Importers 6/ 176.96 204.02 130.56 54.87 323.89 15.28 172.37 Bangladesh 2.14 1.09 6.34 0.55 8.25 0.00 1.31 Brazil 1.85 7.68 6.39 0.45 11.75 3.07 1.10 China 139.12 136.95 9.57 35.00 148.00 0.88 136.76 Japan 1.04 1.13 5.61 0.75 6.30 0.30 1.18 N. Africa 7/ 11.85 21.28 26.82 1.87 47.02 0.41 12.52 Nigeria 0.79 0.09 6.19 0.05 5.85 0.60 0.62 Sel. Mideast 8/ 10.20 16.51 22.74 3.88 38.83 0.75 9.87 Southeast Asia 9/ 4.45 0.00 27.06 8.50 25.63 1.20 4.68 Selected Other India 27.80 109.59 0.03 7.00 109.88 8.03 19.50 Kazakhstan 1.48 11.81 2.50 1.35 6.20 8.10 1.49 United Kingdom 1.42 13.99 2.64 7.32 15.32 0.87 1.85 2022/23 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 272.69 789.34 211.96 155.17 791.02 220.17 271.00 World Less China 135.93 651.61 198.68 122.17 643.02 219.22 132.18 United States 18.36 44.90 3.32 2.09 30.42 20.65 15.50 Total Foreign 254.33 744.44 208.64 153.08 760.60 199.52 255.50 Major Exporters 4/ 41.03 335.22 13.30 76.06 183.25 160.78 45.53 Argentina 1.93 12.55 0.00 0.25 6.75 3.66 4.07 Australia 3.45 40.55 0.20 4.50 8.00 31.82 4.37 Canada 3.66 34.34 0.55 4.31 9.45 25.59 3.51 European Union 5/ 13.63 134.29 12.19 45.00 109.00 35.08 16.04 Russia 12.09 92.00 0.30 19.00 42.25 47.50 14.64 Ukraine 6.27 21.50 0.06 3.00 7.80 17.12 2.90 Major Importers 6/ 172.37 206.07 133.96 50.79 320.20 15.13 177.06 Bangladesh 1.31 1.10 5.12 0.20 6.70 0.00 0.83 Brazil 1.10 10.55 4.68 0.45 11.85 2.69 1.80 China 136.76 137.72 13.28 33.00 148.00 0.95 138.82 Japan 1.18 1.06 5.45 0.75 6.25 0.29 1.14 N. Africa 7/ 12.52 17.24 29.68 1.67 46.32 0.77 12.35 Nigeria 0.62 0.11 4.73 0.00 4.70 0.40 0.36 Sel. Mideast 8/ 9.87 17.43 24.65 3.68 39.53 0.65 11.76 Southeast Asia 9/ 4.68 0.00 24.54 7.55 24.35 1.28 3.59 Selected Other India 19.50 104.00 0.05 6.50 108.68 5.38 9.50 Kazakhstan 1.49 16.40 3.00 1.80 6.75 10.87 3.27 United Kingdom 1.85 15.54 2.02 7.00 15.00 1.91 2.50 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancie s in some countries. 4/ Argentina, Aust ralia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines , Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2024 WASDE - 647 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Mar 271.10 786.70 211.21 162.06 798.98 212.13 258.83 Apr 271.00 787.36 212.34 161.34 800.10 213.47 258.27 World Less China Mar 132.28 650.11 200.21 125.06 645.48 211.23 126.82 Apr 132.18 650.77 201.34 124.34 646.60 212.57 126.26 United States Mar 15.50 49.31 3.95 3.27 31.14 19.32 18.30 Apr 15.50 49.31 3.81 2.45 30.32 19.32 18.98 Total Foreign Mar 255.60 737.39 207.27 158.80 767.84 192.81 240.52 Apr 255.50 738.05 208.53 158.90 769.78 194.15 239.28 Major Exporters 4/ Mar 46.61 322.40 14.23 76.90 184.60 158.00 40.65 Apr 45.53 322.90 14.73 76.70 184.20 158.50 40.46 Argentina Mar 4.07 15.90 0.05 0.20 6.70 10.50 2.82 Apr 4.07 15.90 0.05 0.20 6.70 10.00 3.32 Australia Mar 4.37 26.00 0.20 3.50 7.00 20.00 3.57 Apr 4.37 26.00 0.20 3.50 7.00 20.50 3.07 Canada Mar 3.51 31.95 0.60 3.50 8.70 24.00 3.37 Apr 3.51 31.95 0.60 3.50 8.70 24.00 3.37 European Union 5/ Mar 16.52 133.65 13.00 47.00 111.50 36.50 15.17 Apr 16.04 134.15 13.50 48.00 112.50 34.50 16.69 Russia Mar 14.64 91.50 0.30 20.00 43.00 51.00 12.44 Apr 14.64 91.50 0.30 19.00 42.00 52.00 12.44 Ukraine Mar 3.50 23.40 0.08 2.70 7.70 16.00 3.28 Apr 2.90 23.40 0.08 2.50 7.30 17.50 1.58 Major Importers 6/ Mar 176.18 207.54 130.32 55.52 328.54 17.10 168.41 Apr 177.06 207.20 130.57 55.62 328.34 18.20 168.30 Bangladesh Mar 0.83 1.10 5.80 0.25 6.75 0.00 0.98 Apr 0.83 1.10 5.80 0.25 6.75 0.00 0.98 Brazil Mar 1.82 8.10 5.60 0.80 12.20 2.20 1.12 Apr 1.80 8.10 5.70 0.70 12.10 2.50 1.00 China Mar 138.82 136.59 11.00 37.00 153.50 0.90 132.01 Apr 138.82 136.59 11.00 37.00 153.50 0.90 132.01 Japan Mar 1.14 1.12 5.30 0.65 6.15 0.30 1.11 Apr 1.14 1.14 5.30 0.65 6.15 0.30 1.13 N. Africa 7/ Mar 11.48 16.73 29.40 1.75 47.05 0.70 9.86 Apr 12.35 16.37 30.10 1.75 46.95 1.30 10.57 Nigeria Mar 0.36 0.12 4.80 0.00 4.60 0.35 0.33 Apr 0.36 0.12 4.80 0.00 4.60 0.35 0.33 Sel. Mideast 8/ Mar 11.76 20.77 21.62 3.52 40.04 0.88 13.24 Apr 11.76 20.77 20.47 3.52 39.84 0.88 12.29 Southeast Asia 9/ Mar 3.55 0.00 26.90 7.75 25.20 1.12 4.13 Apr 3.59 0.00 27.50 8.15 25.70 1.12 4.27 Selected Other India Mar 9.50 110.55 0.25 6.75 111.00 0.30 9.00 Apr 9.50 110.55 0.12 6.75 112.97 0.30 6.90 Kazakhstan Mar 3.27 12.11 2.50 1.30 6.25 10.00 1.63 Apr 3.27 12.11 2.50 1.30 6.25 9.50 2.13 United Kingdom Mar 2.50 14.00 2.40 7.30 15.50 0.80 2.60 Apr 2.50 14.00 2.40 7.30 15.50 0.80 2.60 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangla desh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman . 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2024 WASDE - 647 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 323.64 1,500.73 230.09 906.29 1,485.87 253.62 338.50 World Less China 115.95 1,219.74 188.60 678.26 1,165.64 253.61 128.56 United States 34.01 396.30 2.59 147.49 324.91 70.52 37.48 Total Foreign 289.63 1,104.43 227.50 758.80 1,160.96 183.10 301.03 Major Exporters 4/ 19.40 332.29 9.78 138.87 184.88 149.16 27.43 Argentina 2.05 58.64 0.01 12.02 17.84 40.22 2.63 Australia 2.98 19.22 0.00 5.89 7.76 10.83 3.61 Brazil 4.60 120.62 3.25 63.59 75.68 48.30 4.50 Canada 3.63 25.12 6.40 17.50 25.79 5.65 3.71 Russia 1.90 38.54 0.10 22.23 31.11 7.58 1.85 Ukraine 1.65 53.51 0.02 10.63 13.41 32.93 8.84 Major Importers 5/ 36.21 248.33 138.71 285.13 369.55 15.34 38.36 European Union 6/ 14.51 155.03 21.30 117.48 158.27 13.76 18.81 Japan 1.63 0.24 16.51 13.09 16.82 0.00 1.56 Mexico 3.60 32.79 18.56 31.05 50.77 0.25 3.93 N. Afr & Mideast 7/ 7.16 28.95 40.50 60.61 69.30 0.69 6.63 Saudi Arabia 1.33 0.15 8.28 8.02 8.35 0.00 1.41 Southeast Asia 8/ 5.21 30.90 17.31 41.11 49.48 0.64 3.30 South Korea 2.04 0.19 11.62 9.26 11.78 0.00 2.07 Selected Other China 207.69 280.99 41.50 228.03 320.23 0.01 209.94 2022/23 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 338.50 1,446.07 213.41 887.99 1,452.24 220.25 332.34 World Less China 128.56 1,161.57 180.79 658.74 1,131.79 220.24 125.73 United States 37.48 356.45 3.25 142.40 315.00 45.04 37.14 Total Foreign 301.03 1,089.62 210.16 745.59 1,137.24 175.21 295.20 Major Exporters 4/ 27.43 329.40 4.60 136.66 184.83 145.92 30.68 Argentina 2.63 42.84 0.02 8.80 14.73 28.75 2.01 Australia 3.61 18.84 0.00 5.77 7.65 10.89 3.91 Brazil 4.50 141.60 1.98 67.55 81.69 54.28 12.11 Canada 3.71 30.54 2.18 17.11 24.76 7.95 3.72 Russia 1.85 44.13 0.10 23.68 33.15 10.62 2.32 Ukraine 8.84 33.93 0.02 6.70 9.16 29.92 3.71 Major Importers 5/ 38.36 229.51 136.22 273.36 356.02 13.07 34.99 European Union 6/ 18.81 132.97 25.51 111.53 151.25 11.11 14.92 Japan 1.56 0.24 16.45 13.11 16.80 0.00 1.45 Mexico 3.93 33.88 20.24 32.88 52.75 0.10 5.20 N. Afr & Mideast 7/ 6.63 31.11 33.13 55.47 63.25 1.07 6.55 Saudi Arabia 1.41 0.14 7.61 7.41 7.75 0.00 1.41 Southeast Asia 8/ 3.30 30.93 17.80 39.69 48.20 0.80 3.04 South Korea 2.07 0.16 11.23 9.04 11.55 0.00 1.91 Selected Other China 209.94 284.50 32.62 229.25 320.45 0.01 206.60 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grai n in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Afr ica and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2024 WASDE - 647 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Mar 331.36 1,507.41 229.40 914.29 1,492.63 243.15 346.14 Apr 332.34 1,505.13 227.83 912.68 1,492.89 241.43 344.58 World Less China Mar 124.76 1,210.26 189.55 674.44 1,161.53 243.12 133.67 Apr 125.73 1,207.99 186.93 671.78 1,160.74 241.41 132.11 United States Mar 37.14 402.89 2.60 147.64 324.99 59.69 57.94 Apr 37.14 402.89 2.56 148.40 326.25 59.69 56.64 Total Foreign Mar 294.22 1,104.52 226.81 766.65 1,167.64 183.46 288.19 Apr 295.20 1,102.24 225.27 764.28 1,166.64 181.74 287.93 Major Exporters 4/ Mar 30.24 330.30 5.31 139.87 189.15 153.86 22.84 Apr 30.68 327.78 5.44 138.22 187.76 153.48 22.67 Argentina Mar 1.95 64.28 0.02 11.61 17.77 46.50 1.97 Apr 2.01 63.28 0.02 10.61 16.77 46.50 2.03 Australia Mar 3.87 14.34 0.00 5.61 7.49 8.36 2.37 Apr 3.91 14.34 0.00 5.61 7.49 8.36 2.41 Brazil Mar 12.04 129.33 1.73 69.28 84.31 52.06 6.72 Apr 12.11 129.33 1.73 69.28 84.31 52.06 6.79 Canada Mar 3.72 27.16 3.28 17.11 25.15 5.78 3.22 Apr 3.72 27.16 3.28 17.11 25.15 5.78 3.22 Russia Mar 2.32 42.54 0.10 22.39 31.54 11.39 2.04 Apr 2.32 42.54 0.10 22.14 31.24 11.80 1.92 Ukraine Mar 3.71 36.62 0.02 6.81 9.31 26.87 4.18 Apr 3.71 36.62 0.02 6.81 9.31 26.97 4.08 Major Importers 5/ Mar 34.55 228.78 143.58 278.63 362.58 13.40 30.93 Apr 34.99 229.38 141.51 277.71 361.94 13.18 30.76 European Union 6/ Mar 14.68 134.78 24.10 109.15 149.25 10.66 13.65 Apr 14.92 135.97 23.15 109.60 149.77 10.50 13.77 Japan Mar 1.45 0.25 17.01 13.34 17.24 0.00 1.47 Apr 1.45 0.25 17.01 13.32 17.22 0.00 1.49 Mexico Mar 5.20 29.19 21.43 32.78 52.73 0.05 3.03 Apr 5.20 28.49 21.90 32.78 52.73 0.05 2.81 N. Afr & Mideast 7/ Mar 6.35 33.36 37.89 61.37 69.74 2.07 5.79 Apr 6.55 33.28 37.69 61.32 69.69 2.07 5.76 Saudi Arabia Mar 1.41 0.15 7.71 7.52 7.86 0.00 1.41 Apr 1.41 0.15 6.71 6.52 6.86 0.00 1.41 Southeast Asia 8/ Mar 3.04 30.81 19.06 40.60 49.15 0.61 3.13 Apr 3.04 31.01 18.66 40.30 49.05 0.56 3.08 South Korea Mar 1.91 0.16 11.71 9.34 11.83 0.00 1.95 Apr 1.91 0.16 11.71 9.34 11.83 0.00 1.95 Selected Other China Mar 206.60 297.14 39.85 239.85 331.10 0.03 212.47 Apr 206.60 297.14 40.90 240.90 332.15 0.03 212.47 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philip pines, Thailand, and Vietnam. April 2024 WASDE - 647 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 292.94 1,216.13 184.43 743.28 1,198.29 206.39 310.79 World Less China 87.24 943.58 162.55 534.28 907.29 206.38 101.65 United States 31.36 381.47 0.62 144.04 315.67 62.80 34.98 Total Foreign 261.58 834.66 183.82 599.25 882.62 143.59 275.82 Major Exporters 4/ 9.04 238.99 2.67 93.66 116.66 117.60 16.45 Argentina 1.18 49.50 0.01 10.10 14.20 34.69 1.80 Brazil 4.15 116.00 2.60 59.50 70.50 48.28 3.97 Russia 0.75 15.23 0.05 10.00 11.10 4.00 0.93 South Africa 2.12 16.14 0.00 6.86 12.66 3.65 1.95 Ukraine 0.83 42.13 0.02 7.20 8.20 26.98 7.80 Major Importers 5/ 21.60 136.90 94.26 165.82 222.25 6.92 23.59 Egypt 1.36 7.44 9.76 14.50 17.00 0.00 1.56 European Union 6/ 7.83 71.67 19.74 60.00 81.70 6.03 11.51 Japan 1.39 0.01 15.00 11.70 15.04 0.00 1.36 Mexico 3.08 26.76 17.57 25.80 44.00 0.25 3.16 Southeast Asia 7/ 5.21 30.85 16.13 40.10 48.25 0.64 3.29 South Korea 2.02 0.09 11.51 9.22 11.56 0.00 2.06 Selected Other Canada 2.17 14.61 6.14 12.17 17.98 2.19 2.75 China 205.70 272.55 21.88 209.00 291.00 0.00 209.14 2022/23 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2 / Exports Ending Stocks World 3/ 310.79 1,157.74 172.84 729.57 1,166.34 180.23 302.19 World Less China 101.65 880.54 154.13 511.57 867.34 180.22 96.15 United States 34.98 346.74 0.98 139.36 305.95 42.20 34.55 Total Foreign 275.82 811.00 171.86 590.21 860.39 138.04 267.64 Major Exporters 4/ 16.45 232.93 1.49 90.50 115.80 116.03 19.04 Argentina 1.80 36.00 0.02 7.20 11.40 25.24 1.17 Brazil 3.97 137.00 1.33 63.50 76.50 54.26 11.54 Russia 0.93 15.83 0.05 8.90 10.00 5.90 0.91 South Africa 1.95 17.10 0.07 6.90 13.00 3.50 2.62 Ukraine 7.80 27.00 0.02 4.00 4.90 27.12 2.80 Major Importers 5/ 23.59 118.86 95.26 156.95 212.55 5.10 20.06 Egypt 1.56 7.44 6.22 11.20 13.70 0.00 1.51 European Union 6/ 11.51 52.29 23.21 55.00 75.50 4.20 7.31 Japan 1.36 0.01 14.93 11.70 15.00 0.00 1.30 Mexico 3.16 28.08 19.36 27.50 46.00 0.10 4.50 Southeast Asia 7/ 3.29 30.88 16.25 38.35 46.60 0.80 3.03 South Korea 2.06 0.09 11.10 9.00 11.35 0.00 1.90 Selected Other Canada 2.75 14.54 2.13 9.59 14.93 2.86 1.63 China 209.14 277.20 18.71 218.00 299.00 0.01 206.04 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting dis crepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2024 WASDE - 647 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Mar 301.62 1,230.24 189.48 761.62 1,212.24 202.27 319.63 Apr 302.19 1,227.86 187.47 758.95 1,211.77 200.59 318.28 World Less China Mar 95.58 941.40 166.48 536.62 906.24 202.25 107.76 Apr 96.15 939.02 164.47 533.95 905.77 200.57 106.42 United States Mar 34.55 389.69 0.64 144.15 316.37 53.34 55.17 Apr 34.55 389.69 0.64 144.79 317.64 53.34 53.90 Total Foreign Mar 267.07 840.55 188.85 617.46 895.86 148.92 264.46 Apr 267.64 838.17 186.83 614.17 894.13 147.24 264.38 Major Exporters 4/ Mar 18.64 241.60 1.29 95.30 121.70 126.70 13.13 Apr 19.04 239.10 1.39 93.70 120.40 126.10 13.03 Argentina Mar 1.11 56.00 0.02 9.80 14.10 42.00 1.03 Apr 1.17 55.00 0.02 8.80 13.10 42.00 1.09 Brazil Mar 11.47 124.00 1.20 64.50 78.50 52.00 6.17 Apr 11.54 124.00 1.20 64.50 78.50 52.00 6.24 Russia Mar 0.91 16.60 0.05 10.10 11.20 5.30 1.06 Apr 0.91 16.60 0.05 9.90 11.00 5.60 0.96 South Africa Mar 2.35 15.50 0.00 6.90 12.90 2.90 2.05 Apr 2.62 14.00 0.10 6.50 12.80 2.00 1.92 Ukraine Mar 2.80 29.50 0.02 4.00 5.00 24.50 2.82 Apr 2.80 29.50 0.02 4.00 5.00 24.50 2.82 Major Importers 5/ Mar 19.98 122.24 100.95 164.00 220.35 4.86 17.96 Apr 20.06 122.64 100.05 163.70 220.25 4.81 17.69 Egypt Mar 1.51 7.20 8.50 13.30 15.80 0.00 1.41 Apr 1.51 7.20 8.50 13.30 15.80 0.00 1.41 European Union 6/ Mar 7.23 60.10 22.00 57.00 77.90 4.20 7.23 Apr 7.31 61.00 21.00 57.00 77.90 4.20 7.21 Japan Mar 1.30 0.01 15.50 12.00 15.50 0.00 1.31 Apr 1.30 0.01 15.50 12.00 15.50 0.00 1.31 Mexico Mar 4.50 24.00 20.60 28.00 46.60 0.05 2.45 Apr 4.50 23.30 21.10 28.00 46.60 0.05 2.25 Southeast Asia 7/ Mar 3.03 30.76 18.15 39.90 48.20 0.61 3.13 Apr 3.03 30.96 17.75 39.60 48.10 0.56 3.08 South Korea Mar 1.90 0.09 11.60 9.30 11.65 0.00 1.94 Apr 1.90 0.09 11.60 9.30 11.65 0.00 1.94 Selected Other Canada Mar 1.63 15.08 3.20 10.50 16.00 1.80 2.10 Apr 1.63 15.08 3.20 10.50 16.00 1.80 2.10 China Mar 206.04 288.84 23.00 225.00 306.00 0.02 211.86 Apr 206.04 288.84 23.00 225.00 306.00 0.02 211.86 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2024 WASDE - 647 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 187.71 513.10 54.48 517.63 56.91 183.19 World Less China 71.21 364.11 48.53 361.27 54.83 70.19 United States 1.39 6.07 1.20 4.74 2.65 1.26 Total Foreign 186.33 507.03 53.28 512.89 54.26 181.92 Major Exporters 4/ 47.22 197.74 1.76 158.55 43.94 44.24 Burma 1.31 12.40 0.00 10.30 2.34 1.08 India 37.00 129.47 0.00 110.45 22.03 34.00 Pakistan 1.79 9.32 0.01 3.90 4.84 2.38 Thailand 4.38 19.88 0.05 12.50 7.68 4.13 Vietnam 2.74 26.67 1.70 21.40 7.05 2.66 Major Importers 5/ 126.70 242.03 22.46 263.16 2.54 125.49 China 116.50 148.99 5.95 156.36 2.08 113.00 European Union 6/ 0.68 1.73 2.40 3.50 0.41 0.91 Indonesia 3.06 34.40 0.74 35.30 0.00 2.90 Nigeria 1.69 5.26 2.45 7.35 0.00 2.05 Philippines 2.36 12.54 3.60 15.40 0.00 3.10 Sel. Mideast 7/ 0.83 2.18 4.35 6.20 0.00 1.16 Selected Other Brazil 1.16 7.34 0.93 7.15 1.38 0.90 C. Amer & Carib 8/ 0.57 1.62 1.68 3.27 0.04 0.57 Egypt 1.16 2.90 0.61 4.05 0.01 0.61 Japan 1.89 7.64 0.69 8.20 0.12 1.90 Mexico 0.20 0.18 0.74 0.97 0.01 0.14 South Korea 1.02 3.88 0.44 3.95 0.05 1.33 2022/23 Est. Beginning Stocks Productio n Imports Total /2 Domestic Exports Ending Stocks World 3/ 183.19 514.42 55.67 519.64 54.07 177.97 World Less China 70.19 368.48 51.28 364.64 52.33 71.37 United States 1.26 5.08 1.27 4.61 2.04 0.96 Total Foreign 181.92 509.34 54.40 515.03 52.03 177.01 Major Exporters 4/ 44.24 202.70 1.86 162.51 42.54 43.76 Burma 1.08 11.80 0.01 10.20 1.58 1.11 India 34.00 135.76 0.00 114.51 20.25 35.00 Pakistan 2.38 7.30 0.01 3.90 3.76 2.03 Thailand 4.13 20.91 0.05 12.50 8.74 3.85 Vietnam 2.66 26.94 1.80 21.40 8.23 1.77 Major Importers 5/ 125.49 238.58 23.40 263.84 2.16 121.46 China 113.00 145.95 4.38 154.99 1.74 106.60 European Union 6/ 0.91 1.29 2.31 3.35 0.39 0.76 Indonesia 2.90 33.90 3.50 35.60 0.00 4.70 Nigeria 2.05 5.36 2.28 7.50 0.00 2.18 Philippines 3.10 12.63 3.75 16.00 0.00 3.48 Sel. Mideast 7/ 1.16 2.01 4.46 6.35 0.00 1.27 Selected Other Brazil 0.90 6.82 1.04 7.00 1.15 0.62 C. Amer & Carib 8/ 0.57 1.54 1.95 3.38 0.05 0.63 Egypt 0.61 3.60 0.39 4.00 0.01 0.60 Japan 1.90 7.48 0.66 8.15 0.08 1.81 Mexico 0.14 0.14 0.78 0.98 0.00 0.09 South Korea 1.33 3.76 0.26 3.95 0.06 1.35 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. April 2024 WASDE - 647 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Mar 177.18 515.39 50.07 522.87 52.58 169.70 Apr 177.97 515.53 50.30 521.35 52.94 172.15 World Less China Mar 70.58 370.77 47.97 372.95 50.58 68.30 Apr 71.37 370.91 48.60 373.13 51.24 69.15 United States Mar 0.96 6.93 1.37 5.14 2.79 1.32 Apr 0.96 6.93 1.37 4.99 2.89 1.38 Total Foreign Mar 176.22 508.46 48.71 517.72 49.79 168.38 Apr 177.01 508.60 48.94 516.36 50.05 170.77 Major Exporters 4/ Mar 43.57 201.95 1.71 165.80 39.50 41.93 Apr 43.76 201.95 2.41 165.75 39.90 42.46 Burma Mar 0.91 11.95 0.00 10.25 1.80 0.81 Apr 1.11 11.95 0.00 10.10 2.00 0.96 India Mar 35.00 134.00 0.00 118.00 16.00 35.00 Apr 35.00 134.00 0.00 118.00 16.00 35.00 Pakistan Mar 2.04 9.00 0.01 3.95 5.50 1.60 Apr 2.03 9.00 0.01 3.95 5.50 1.58 Thailand Mar 3.85 20.00 0.10 12.40 8.40 3.15 Apr 3.85 20.00 0.10 12.50 8.40 3.05 Vietnam Mar 1.77 27.00 1.60 21.20 7.80 1.37 Apr 1.77 27.00 2.30 21.20 8.00 1.87 Major Importers 5/ Mar 121.51 236.52 20.50 260.22 2.42 115.89 Apr 121.46 237.00 19.40 258.37 2.12 117.37 China Mar 106.60 144.62 2.10 149.92 2.00 101.40 Apr 106.60 144.62 1.70 148.22 1.70 103.00 European Union 6/ Mar 0.81 1.43 2.20 3.30 0.36 0.78 Apr 0.76 1.38 2.20 3.30 0.36 0.68 Indonesia Mar 4.70 33.50 3.50 36.10 0.00 5.60 Apr 4.70 33.02 3.50 36.00 0.00 5.22 Nigeria Mar 2.18 5.23 1.90 7.60 0.00 1.70 Apr 2.18 5.23 1.90 7.60 0.00 1.70 Philippines Mar 3.48 12.30 4.20 16.50 0.00 3.48 Apr 3.48 12.60 3.90 16.50 0.00 3.48 Sel. Mideast 7/ Mar 1.27 2.02 4.65 6.65 0.00 1.29 Apr 1.27 2.02 4.65 6.60 0.00 1.34 Selected Other Brazil Mar 0.52 7.48 0.90 7.00 1.30 0.60 Apr 0.62 7.17 1.05 7.00 1.30 0.54 C. Amer & Carib 8/ Mar 0.64 1.52 1.77 3.26 0.03 0.63 Apr 0.63 1.52 1.79 3.27 0.03 0.65 Egypt Mar 0.60 3.78 0.35 4.10 0.01 0.63 Apr 0.60 3.78 0.35 4.10 0.01 0.63 Japan Mar 1.77 7.30 0.69 8.06 0.12 1.57 Apr 1.81 7.27 0.69 8.00 0.08 1.69 Mexico Mar 0.09 0.15 0.83 0.98 0.01 0.08 Apr 0.09 0.15 0.83 0.98 0.01 0.08 South Korea Mar 1.35 3.70 0.46 3.93 0.10 1.48 Apr 1.35 3.70 0.46 3.93 0.10 1.48 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. April 2024 WASDE - 647 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2021/22 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 77.67 114.51 42.96 116.10 43.32 -0.60 76.32 World Less China 40.38 87.71 35.12 82.35 43.20 -0.60 38.26 United States 3.15 17.52 0.01 2.55 14.48 -0.40 4.05 Total Foreign 74.52 96.98 42.96 113.55 28.84 -0.20 72.27 Major Exporters 4/ 25.73 54.43 1.70 34.28 24.59 -0.20 23.19 Central Asia 5/ 3.07 5.03 0.06 4.24 1.47 0.00 2.46 Afr. Fr. Zone 6/ 1.68 5.98 3/ 0.10 6.56 -0.01 1.01 S. Hemis. 7/ 8.77 18.71 0.19 4.38 12.47 -0.19 11.00 Australia 2.51 5.85 3/ 0.01 3.58 -0.19 4.96 Brazil 4.07 10.82 0.02 3.30 7.73 0.00 3.88 India 11.84 24.30 1.00 25.00 3.74 0.00 8.40 Major Importers 8/ 46.49 39.65 38.94 75.47 2.94 0.00 46.67 Mexico 0.44 1.22 0.96 1.90 0.40 0.00 0.32 China 37.29 26.80 7.84 33.75 0.12 0.00 38.06 European Union 9/ 0.37 1.67 0.64 0.62 1.77 0.00 0.30 Turkey 1.76 3.80 5.52 8.60 0.57 0.00 1.92 Pakistan 2.18 6.00 4.50 10.70 0.05 0.00 1.93 Indonesia 0.50 3/ 2.58 2.60 0.01 0.00 0.46 Thailand 0.13 3/ 0.75 0.74 0.00 0.00 0.15 Bangladesh 2.48 0.15 8.45 8.80 0.00 0.00 2.28 Vietnam 1.09 3/ 6.63 6.70 0.00 0.00 1.02 2022/23 Est. Beginning Stocks Productio n Imports Domestic Use Exports Loss /2 Ending Stocks World 76.32 116.15 37.68 111.22 37.04 -0.72 82.61 World Less China 38.26 85.45 31.44 73.72 36.94 -0.72 45.20 United States 4.05 14.47 3/ 2.05 12.77 -0.55 4.25 Total Foreign 72.27 101.68 37.67 109.17 24.27 -0.18 78.36 Major Exporters 4/ 23.19 55.73 2.38 31.93 19.99 -0.19 29.58 Central Asia 5/ 2.46 5.54 0.01 3.55 1.10 0.00 3.36 Afr. Fr. Zone 6/ 1.01 4.02 3/ 0.10 3.98 0.00 0.96 S. Hemis. 7/ 11.00 19.32 0.14 4.21 13.37 -0.19 13.08 Australia 4.96 5.80 3/ 0.01 6.17 -0.19 4.77 Brazil 3.88 11.72 0.01 3.20 6.66 0.00 5.76 India 8.40 26.30 1.73 23.50 1.10 0.00 11.82 Major Importers 8/ 46.67 42.88 32.86 73.57 3.01 0.02 45.82 Mexico 0.32 1.58 0.69 1.80 0.41 0.00 0.38 China 38.06 30.70 6.23 37.50 0.09 0.00 37.40 European Union 9/ 0.30 1.64 0.52 0.55 1.52 0.00 0.39 Turkey 1.92 4.90 4.19 7.50 0.86 0.02 2.63 Pakistan 1.93 3.90 4.50 8.70 0.10 0.00 1.53 Indonesia 0.46 3/ 1.66 1.75 0.02 0.00 0.36 Thailand 0.15 3/ 0.66 0.68 0.00 0.00 0.14 Bangladesh 2.28 0.15 7.00 7.70 0.00 0.00 1.73 Vietnam 1.02 3/ 6.47 6.45 0.00 0.00 1.05 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on suppl y less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regi ons listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. April 2024 WASDE - 647 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2023/24 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Mar 82.97 112.96 43.23 112.94 43.26 -0.40 83.34 Apr 82.61 112.92 43.94 112.82 43.97 -0.40 83.08 World Less China Mar 45.56 85.46 30.33 75.44 43.21 -0.40 43.09 Apr 45.20 85.42 29.74 74.82 43.92 -0.40 42.02 United States Mar 4.25 12.10 0.01 1.75 12.30 -0.20 2.50 Apr 4.25 12.10 0.01 1.75 12.30 -0.20 2.50 filler filler filler filler filler filler filler Total Foreign Mar 78.72 100.86 43.23 111.19 30.96 -0.20 80.84 Apr 78.36 100.82 43.93 111.07 31.67 -0.20 80.58 Major Exporters 4/ Mar 29.89 57.91 1.73 33.13 26.36 -0.20 30.24 Apr 29.58 57.91 1.68 33.12 27.01 -0.20 29.24 Central Asia 5/ Mar 3.44 5.24 0.08 4.00 1.32 0.00 3.45 Apr 3.36 5.24 0.03 3.99 1.34 0.00 3.30 Afr. Fr. Zone 6/ Mar 1.19 4.93 3/ 0.10 4.58 0.00 1.44 Apr 0.96 4.93 3/ 0.10 4.46 0.00 1.33 S. Hemis. 7/ Mar 13.08 21.76 0.16 4.36 18.14 -0.20 12.70 Apr 13.08 21.76 0.16 4.36 18.79 -0.20 12.05 Australia Mar 4.77 4.80 3/ 0.01 5.75 -0.20 4.01 Apr 4.77 4.80 3/ 0.01 6.00 -0.20 3.76 filler filler filler filler filler filler filler Brazil Mar 5.76 14.56 0.01 3.30 11.20 0.00 5.83 Apr 5.76 14.56 0.01 3.30 11.70 0.00 5.33 India Mar 11.82 25.50 1.00 24.00 2.00 0.00 12.32 Apr 11.82 25.50 1.00 24.00 2.10 0.00 12.22 Major Importers 8/ Mar 45.87 39.54 38.99 74.23 2.78 0.00 47.39 Apr 45.82 39.51 39.67 74.11 2.83 0.00 48.06 Mexico Mar 0.43 0.93 0.70 1.50 0.25 0.00 0.30 Apr 0.38 0.90 0.68 1.48 0.23 0.00 0.25 China Mar 37.40 27.50 12.90 37.50 0.05 0.00 40.25 Apr 37.40 27.50 14.20 38.00 0.05 0.00 41.05 European Union 9/ Mar 0.39 1.05 0.55 0.57 1.13 0.00 0.29 Apr 0.39 1.05 0.55 0.57 1.03 0.00 0.39 Turkey Mar 2.63 3.20 3.80 7.00 1.25 0.00 1.38 Apr 2.63 3.20 3.80 6.80 1.40 0.00 1.43 Pakistan Mar 1.53 6.70 3.40 9.80 0.08 0.00 1.75 Apr 1.53 6.70 3.00 9.50 0.10 0.00 1.63 Indonesia Mar 0.36 3/ 2.00 1.90 0.02 0.00 0.45 Apr 0.36 3/ 1.90 1.85 0.02 0.00 0.40 Thailand Mar 0.14 3/ 0.50 0.50 0.00 0.00 0.14 Apr 0.14 3/ 0.45 0.49 0.00 0.00 0.10 Bangladesh Mar 1.73 0.16 7.50 7.80 0.00 0.00 1.59 Apr 1.73 0.16 7.50 7.80 0.00 0.00 1.59 Vietnam Mar 1.05 3/ 6.80 6.80 0.00 0.00 1.05 Apr 1.05 3/ 6.80 6.80 0.00 0.00 1.05 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on suppl y less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso , Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. April 2024 WASDE - 647 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 98.64 360.45 154.47 316.51 366.03 154.43 93.09 World Less China 69.78 344.05 64.17 226.51 255.73 154.33 67.95 United States 6.99 121.50 0.43 59.98 62.89 58.57 7.47 Total Foreign 91.64 238.94 154.03 256.53 303.14 95.86 85.62 Major Exporters 3/ 55.39 181.82 4.43 91.83 102.47 87.25 51.93 Argentina 25.06 43.90 3.84 38.83 46.04 2.86 23.90 Brazil 29.58 130.50 0.54 50.71 53.96 79.06 27.60 Paraguay 0.48 4.18 0.04 2.20 2.25 2.27 0.18 Major Importers 4/ 32.13 20.29 122.51 118.84 146.74 0.42 27.77 China 28.86 16.40 90.30 90.00 110.30 0.10 25.15 European Union 1.46 2.83 14.54 15.40 17.10 0.29 1.45 Southeast Asia 5/ 1.19 0.53 8.26 4.45 9.33 0.02 0.64 Mexico 0.46 0.29 5.96 6.35 6.40 0.00 0.30 2022/23 Est. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 93.09 378.20 167.87 315.03 365.76 172.09 101.31 World Less China 67.95 357.91 63.37 219.03 248.26 172.00 68.97 United States 7.47 116.22 0.67 60.20 62.96 54.21 7.19 Total Foreign 85.62 261.98 167.21 254.83 302.81 117.88 94.12 Major Exporters 3/ 51.93 197.75 9.26 86.91 97.18 106.99 54.78 Argentina 23.90 25.00 9.06 30.32 36.57 4.19 17.21 Brazil 27.60 162.00 0.15 53.10 56.90 95.51 37.35 Paraguay 0.18 10.05 0.01 3.45 3.58 6.50 0.17 Major Importers 4/ 27.77 23.80 135.67 123.47 152.40 0.33 34.50 China 25.15 20.28 104.50 96.00 117.50 0.09 32.34 European Union 1.45 2.61 13.14 14.30 15.87 0.23 1.10 Southeast Asia 5/ 0.64 0.49 8.25 3.92 8.70 0.01 0.67 Mexico 0.30 0.18 6.44 6.65 6.70 0.00 0.22 2023/24 Proj. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ Mar 102.15 396.85 170.78 328.19 381.90 173.61 114.27 Apr 101.31 396.73 170.33 328.03 381.08 173.06 114.22 World Less China Mar 69.81 376.01 65.78 230.19 261.40 173.51 76.69 Apr 68.97 375.89 65.33 230.03 260.58 172.96 76.64 United States Mar 7.19 113.34 0.82 62.60 65.97 46.81 8.57 Apr 7.19 113.34 0.68 62.60 65.69 46.27 9.26 Total Foreign Mar 94.96 283.51 169.96 265.60 315.93 126.80 105.70 Apr 94.12 283.38 169.65 265.44 315.39 126.80 104.96 Major Exporters 3/ Mar 54.78 218.20 6.58 92.10 103.39 116.30 59.87 Apr 54.78 218.40 6.58 92.10 103.39 116.50 59.87 Argentina Mar 17.21 50.00 6.10 35.50 42.75 4.60 25.96 Apr 17.21 50.00 6.10 35.50 42.75 4.60 25.96 Brazil Mar 37.35 155.00 0.45 53.00 56.75 103.00 33.05 Apr 37.35 155.00 0.45 53.00 56.75 103.00 33.05 Paraguay Mar 0.17 10.30 0.02 3.50 3.65 6.30 0.54 Apr 0.17 10.50 0.02 3.50 3.65 6.50 0.54 Major Importers 4/ Mar 34.66 24.76 138.29 126.60 157.01 0.42 40.29 Apr 34.50 24.68 138.54 126.60 156.89 0.42 40.43 China Mar 32.34 20.84 105.00 98.00 120.50 0.10 37.58 Apr 32.34 20.84 105.00 98.00 120.50 0.10 37.58 European Union Mar 1.26 3.06 13.80 14.90 16.49 0.30 1.33 Apr 1.10 2.98 14.30 14.90 16.62 0.30 1.46 Southeast Asia 5/ Mar 0.67 0.47 9.59 4.59 9.78 0.01 0.94 Apr 0.67 0.47 9.34 4.59 9.53 0.01 0.94 Mexico Mar 0.22 0.14 6.40 6.48 6.54 0.00 0.22 Apr 0.22 0.14 6.40 6.48 6.54 0.00 0.22 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and impo rts. Therefore, world supply may not equal world use. 3/ Includes Uruguay 4/ Includes Japan 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. April 2024 WASDE - 647 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 15.76 248.40 67.13 246.05 68.80 16.43 World Less China 14.80 177.12 67.08 174.95 68.32 15.72 United States 0.31 47.01 0.59 35.34 12.28 0.28 Total Foreign 15.45 201.39 66.54 210.71 56.52 16.15 Major Exporters 3/ 6.95 76.39 0.79 29.30 47.74 7.10 Argentina 2.29 30.29 0.14 3.33 26.59 2.80 Brazil 4.47 39.31 0.01 19.70 20.21 3.88 India 0.19 6.80 0.65 6.27 0.94 0.42 Major Importers 4/ 1.90 22.60 38.39 59.50 1.12 2.28 European Union 0.46 12.17 16.54 27.74 0.76 0.66 Mexico 0.20 5.02 1.83 6.88 0.02 0.15 Southeast Asia 5/ 1.18 3.47 18.33 21.28 0.33 1.37 China 0.96 71.28 0.06 71.10 0.48 0.71 2022/23 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 16.43 247.77 62.97 246.61 67.27 13.28 World Less China 15.72 171.73 62.93 171.56 66.48 12.35 United States 0.28 47.62 0.57 34.84 13.30 0.34 Total Foreign 16.15 200.15 62.40 211.78 53.97 12.95 Major Exporters 3/ 7.10 73.03 0.10 30.33 43.96 5.95 Argentina 2.80 23.65 0.07 3.40 20.75 2.36 Brazil 3.88 41.14 0.01 20.30 21.34 3.39 India 0.42 8.24 0.03 6.63 1.87 0.20 Major Importers 4/ 2.28 21.57 36.77 57.95 0.98 1.68 European Union 0.66 11.30 16.01 26.74 0.74 0.49 Mexico 0.15 5.26 1.67 6.93 0.00 0.15 Southeast Asia 5/ 1.37 3.05 17.55 20.73 0.24 1.01 China 0.71 76.03 0.04 75.05 0.80 0.94 2023/24 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Mar 13.70 257.76 66.95 253.49 70.03 14.89 Apr 13.28 257.68 67.41 253.59 70.49 14.30 World Less China Mar 12.77 180.15 66.90 176.74 69.03 14.04 Apr 12.35 180.07 67.36 176.84 69.49 13.44 United States Mar 0.34 49.22 0.54 35.40 14.33 0.36 Apr 0.34 49.22 0.54 35.40 14.33 0.36 Total Foreign Mar 13.37 208.55 66.41 218.09 55.70 14.53 Apr 12.95 208.46 66.87 218.19 56.16 13.93 Major Exporters 3/ Mar 5.95 77.17 0.07 31.23 45.90 6.06 Apr 5.95 77.17 0.07 31.03 46.40 5.76 Argentina Mar 2.36 27.69 0.01 3.48 24.40 2.19 Apr 2.36 27.69 0.01 3.48 24.40 2.19 Brazil Mar 3.39 41.08 0.01 20.70 20.10 3.68 Apr 3.39 41.08 0.01 20.50 20.60 3.38 India Mar 0.20 8.40 0.05 7.05 1.40 0.20 Apr 0.20 8.40 0.05 7.05 1.40 0.20 Major Importers 4/ Mar 1.58 22.45 38.05 59.10 0.99 1.99 Apr 1.68 22.45 38.10 59.07 0.99 2.17 European Union Mar 0.44 11.77 15.80 26.84 0.70 0.46 Apr 0.49 11.77 15.80 26.74 0.70 0.61 Mexico Mar 0.15 5.12 2.05 7.13 0.00 0.19 Apr 0.15 5.12 2.08 7.15 0.00 0.19 Southeast Asia 5/ Mar 0.96 3.58 18.60 21.57 0.29 1.28 Apr 1.01 3.58 18.63 21.62 0.29 1.30 China Mar 0.94 77.62 0.05 76.75 1.00 0.85 Apr 0.94 77.62 0.05 76.75 1.00 0.85 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ Includes Japan. 5/ Indonesia, Malaysi a, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. April 2024 WASDE - 647 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 5.50 59.62 11.35 59.52 12.32 4.63 World Less China 4.32 43.50 11.06 42.42 12.21 4.24 United States 0.97 11.86 0.14 11.26 0.80 0.90 Total Foreign 4.53 47.76 11.21 48.26 11.52 3.73 Major Exporters 3/ 1.25 20.77 0.59 12.49 8.62 1.50 Argentina 0.30 7.66 0.09 2.66 4.87 0.52 Brazil 0.47 9.76 0.03 7.45 2.41 0.41 European Union 0.44 2.93 0.46 2.31 0.97 0.55 Major Importers 4/ 1.77 19.27 6.49 26.43 0.28 0.83 China 1.18 16.13 0.29 17.10 0.11 0.39 India 0.27 1.53 4.23 5.83 0.02 0.19 North Africa 5/ 0.31 1.18 1.28 2.40 0.13 0.24 2022/23 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 4.63 59.24 10.93 58.28 11.65 4.89 World Less China 4.24 42.04 10.54 41.28 11.54 4.01 United States 0.90 11.90 0.17 12.07 0.17 0.73 Total Foreign 3.73 47.35 10.76 46.21 11.48 4.16 Major Exporters 3/ 1.50 19.59 0.65 12.20 8.27 1.27 Argentina 0.52 5.99 0.00 2.05 4.14 0.33 Brazil 0.41 10.23 0.03 7.68 2.69 0.30 European Union 0.55 2.72 0.62 2.41 0.92 0.56 Major Importers 4/ 0.83 20.10 6.32 25.37 0.20 1.68 China 0.39 17.20 0.40 17.00 0.11 0.87 India 0.19 1.85 3.97 5.40 0.01 0.60 North Africa 5/ 0.24 0.74 1.28 1.98 0.08 0.19 2023/24 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Mar 4.91 61.68 10.78 60.86 11.50 5.01 Apr 4.89 61.63 10.72 60.67 11.41 5.16 World Less China Mar 4.03 44.12 10.38 43.06 11.30 4.18 Apr 4.01 44.07 10.32 42.87 11.21 4.32 United States Mar 0.73 12.26 0.20 12.34 0.14 0.72 Apr 0.73 12.28 0.23 12.34 0.16 0.74 Total Foreign Mar 4.18 49.43 10.58 48.52 11.37 4.29 Apr 4.16 49.35 10.50 48.33 11.25 4.42 Major Exporters 3/ Mar 1.32 20.72 0.43 13.25 8.10 1.10 Apr 1.27 20.72 0.53 13.21 7.99 1.32 Argentina Mar 0.33 7.01 0.00 2.25 4.80 0.29 Apr 0.33 7.01 0.00 2.25 4.80 0.29 Brazil Mar 0.30 10.21 0.03 8.43 1.75 0.36 Apr 0.30 10.21 0.03 8.43 1.75 0.36 European Union Mar 0.61 2.83 0.40 2.51 0.90 0.44 Apr 0.56 2.83 0.50 2.46 0.80 0.64 Major Importers 4/ Mar 1.72 20.79 5.87 26.28 0.28 1.82 Apr 1.68 20.75 5.70 26.06 0.28 1.80 China Mar 0.87 17.56 0.40 17.80 0.20 0.84 Apr 0.87 17.56 0.40 17.80 0.20 0.84 India Mar 0.60 1.89 3.30 5.15 0.02 0.62 Apr 0.60 1.89 3.30 5.15 0.02 0.62 North Africa 5/ Mar 0.23 1.01 1.44 2.34 0.05 0.29 Apr 0.19 0.95 1.30 2.11 0.05 0.28 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Includes Paraguay 4/ Includes Bangladesh 5/ Algeria, Egypt, Morocco, a nd Tunisia. Totals may not add due to rounding. April 2024 WASDE - 647 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2022 Annual 28,291 26,996 55,471 46,207 5,222 51,999 107,470 9,117 226.4 2023 I 6,821 7,071 13,937 11,549 1,349 13,040 26,977 2,208 56.8 II 6,710 6,593 13,348 11,546 1,410 13,106 26,454 2,272 58.0 III 6,621 6,488 13,151 11,681 1,355 13,195 26,346 2,311 56.0 IV 6,812 7,149 14,006 11,611 1,343 13,090 27,097 2,352 55.5 Annual Mar Est. 26,963 27,301 54,442 46,387 5,457 52,431 106,873 9,142 226.4 Apr Est. 26,963 27,301 54,442 46,387 5,457 52,431 106,873 9,142 226.4 2024 I 6,565 7,110 13,718 11,725 1,305 13,173 26,891 2,258 56.6 II* 6,750 6,670 13,466 11,725 1,310 13,180 26,646 2,260 57.6 III* 6,590 6,835 13,471 11,850 1,360 13,355 26,826 2,320 56.1 IV* 6,550 7,475 14,073 11,800 1,400 13,340 27,413 2,385 56.0 Annual Mar Proj. 26,325 27,910 54,415 46,875 5,370 52,818 107,233 9,293 227.3 Apr Proj. 26,455 28,090 54,727 47,100 5,375 53,048 107,775 9,223 226.3 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2022 Annual 144.40 71.21 140.5 154.5 282.4 25.34 2023 I 160.92 54.83 124.5 170.8 315.9 21.93 II 179.02 56.69 139.3 156.2 135.8 19.30 III 184.27 69.27 115.3 132.5 135.8 19.37 IV 177.93 53.58 118.5 100.8 182.2 21.30 Annual Mar Est. 175.54 58.59 124.4 140.1 192.4 20.48 Apr Est. 175.54 58.59 124.4 140.1 192.4 20.48 2024 I 181.03 54.97 128.0 92.1 258.5 20.65 II* 185.00 68.00 137.0 103.0 200.0 20.65 III* 184.00 72.00 126.0 108.0 175.0 20.40 IV* 190.00 57.00 126.0 114.0 180.0 21.80 Annual Mar Proj. 183.0 61.0 127.0 108.0 180.0 21.25 Apr Proj. 185.0 63.0 129.0 104.0 203.0 20.90 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51-52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. April 2024 WASDE - 647 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2022 676 28,359 3,390 32,425 3,544 723 28,157 59.1 2023 Est. Mar 723 27,032 3,727 31,483 3,038 638 27,807 58.1 Apr 723 27,032 3,727 31,483 3,038 638 27,807 58.1 2024 Proj. Mar 638 26,393 4,175 31,206 2,785 615 27,806 57.8 Apr 638 26,523 4,175 31,336 2,805 585 27,946 58.1 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2022 446 27,011 1,344 28,800 6,345 504 21,951 51.1 2023 Est. Mar 504 27,316 1,143 28,963 6,818 471 21,674 50.2 Apr 504 27,316 1,143 28,963 6,818 471 21,674 50.2 2024 Proj. Mar 471 27,925 1,185 29,582 7,130 465 21,987 50.6 Apr 471 28,105 1,205 29,782 7,340 435 22,007 50.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2022 1,147 55,564 5,092 61,804 9,895 1,256 50,653 111.6 2023 Est. Mar 1,256 54,535 5,154 60,945 9,861 1,130 49,954 109.5 Apr 1,256 54,535 5,154 60,945 9,861 1,130 49,954 109.5 2024 Proj. Mar 1,130 54,508 5,671 61,309 9,920 1,101 50,288 109.7 Apr 1,130 54,820 5,700 61,650 10,150 1,042 50,459 110.1 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2022 705 45,713 176 46,594 7,290 892 38,412 98.9 2023 Est. Mar 892 45,890 131 46,914 7,265 835 38,814 99.5 Apr 892 45,890 131 46,914 7,265 835 38,814 99.5 2024 Proj. Mar 835 46,373 215 47,423 7,165 860 39,398 100.4 Apr 835 46,596 178 47,609 7,060 800 39,749 101.3 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2022 166 5,222 85 5,473 407 190 4,877 14.6 2023 Est. Mar 190 5,457 43 5,689 489 243 4,957 14.8 Apr 190 5,457 43 5,689 489 243 4,957 14.8 2024 Proj. Mar 243 5,370 51 5,664 520 195 4,949 14.7 Apr 243 5,375 31 5,649 520 200 4,929 14.6 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2022 874 51,504 268 52,646 7,716 1,087 43,843 115.2 2023 Est. Mar 1,087 51,934 178 53,200 7,774 1,085 44,341 115.9 Apr 1,087 51,934 178 53,200 7,774 1,085 44,341 115.9 2024 Proj. Mar 1,085 52,316 272 53,673 7,703 1,061 44,909 116.8 Apr 1,085 52,543 212 53,840 7,605 1,006 45,229 117.6 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2022 2,021 107,068 5,361 114,450 17,611 2,343 94,496 226.8 2023 Est. Mar 2,343 106,470 5,332 114,145 17,635 2,215 94,295 225.4 Apr 2,343 106,470 5,332 114,145 17,635 2,215 94,295 225.4 2024 Proj. Mar 2,215 106,824 5,943 114,982 17,623 2,162 95,197 226.5 Apr 2,215 107,364 5,912 115,491 17,755 2,048 95,688 227.7 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. April 2024 WASDE - 647 - 33 U.S. Egg Supply and Use Commodity 2021 2022 2023 Est. 2023 Est. 2024 Proj. 2024 Proj. Mar Apr Mar Apr Eggs Million Dozen Supply Beginning Stocks 24.5 19.1 18.8 18.8 23.1 23.1 Production 9,402.0 9,116.6 9,142.4 9,142.4 9,293.0 9,223.0 Imports 18.2 26.0 27.6 27.6 26.0 26.0 Total Supply 9,444.7 9,161.7 9,188.7 9,188.7 9,342.1 9,272.1 Use Exports 392.1 226.5 250.4 250.4 241.0 246.0 Hatching Use 1,103.9 1,117.9 1,111.8 1,111.8 1,125.0 1,125.0 Ending Stocks 19.1 18.8 23.1 23.1 22.0 23.0 Disappearance Total 7,929.5 7,798.6 7,803.4 7,803.4 7,954.1 7,878.1 Per Capita (number) 286.3 280.5 279.3 279.3 283.3 280.6 Total U.S. Milk Supply and Use Commodity 2021 2022 2023 Est. 2023 Est. 2024 Proj. 2024 Proj. Mar Apr Mar Apr Milk Billion Pounds Production 226.2 226.4 226.4 226.4 227.3 226.3 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beginning Stocks 15.6 14.3 14.4 14.4 13.8 13.8 Marketings 225.2 225.4 225.4 225.4 226.3 225.3 Imports 6.5 7.1 7.4 7.4 7.7 8.0 Total Supply 247.4 246.8 247.1 247.1 247.7 247.1 Fat Basis Use Exports 11.5 13.4 10.6 10.6 11.1 11.3 Ending Stocks 14.3 14.4 13.8 13.8 11.9 12.8 Domestic Use 221.5 219.1 222.8 222.8 224.7 223.0 Skim -solid Basis Supply Beginning Stocks 10.9 11.1 11.7 11.7 9.9 9.9 Marketings 225.2 225.4 225.4 225.4 226.3 225.3 Imports 5.8 6.7 6.3 6.3 6.7 6.8 Total Supply 241.9 243.2 243.3 243.3 242.8 242.0 Skim -solid Basis Use Exports 50.6 52.9 49.9 49.9 50.0 49.7 Ending Stocks 11.1 11.7 9.9 9.9 9.4 9.4 Domestic Use 180.1 178.7 183.5 183.5 183.4 182.9 Total Note: Totals may not add due to rounding. April 2024 WASDE - 647 - 34 U.S. Dairy Prices Commodity 2021 2022 2023 Est. 2023 Est. 2024 Proj. 2024 Proj. Mar Apr Mar Apr Product Prices 1/ Dollars Per Pound Cheese 1.6755 2.1122 1.7593 1.7593 1.710 1.620 Butter 1.7325 2.8665 2.6170 2.6170 2.800 2.925 Nonfat Dry Milk 1.2693 1.6851 1.1856 1.1856 1.210 1.180 Dry Whey 0.5744 0.6057 0.3618 0.3618 0.450 0.425 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 17.08 21.96 17.02 17.02 17.15 16.20 Class IV 16.09 24.47 19.12 19.12 20.10 20.40 All Milk 3/ 18.53 25.34 20.48 20.48 21.25 20.90 All prices are January -December averages. 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Feder al order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation. April 2024 WASDE - 647 - 35 Reliability of April Projections 1/ Note: Tables on pages 35 -37 present a record of the April projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0.5 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 0.8 percent. Th e average difference between the April projection and the final estimate is 1.9 million tons, ranging from 0.1 million to 6.8 million tons. The April projection has been below the estimate 28 times and above 14 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 0.5 0.8 1.9 0.1 6.8 28 14 U.S. 0.2 0.3 0.1 0.0 0.3 19 11 Foreign 0.5 0.9 1.9 0.2 6.8 28 14 Exports World 3.9 6.5 4.3 0.4 14.3 33 9 U.S. 2.5 4.2 0.6 0.0 2.1 18 23 Foreign 4.9 8.3 4.3 0.1 13.3 33 9 Domestic Use World 0.7 1.2 3.4 0.1 9.4 19 23 U.S. 3.1 5.2 0.7 0.0 2.2 16 26 Foreign 0.7 1.2 3.2 0.0 9.6 19 22 Ending Stocks World 3.1 5.2 4.1 0.0 14.5 29 12 U.S. 7.9 13.4 0.9 0.0 4.1 26 16 Foreign 3.4 5.7 3.6 0.0 12.6 30 11 COARSE GRAINS 2/ Production World 1.0 1.8 9.1 0.3 42.1 34 8 U.S. 0.2 0.3 0.2 0.0 1.8 17 11 Foreign 1.5 2.5 9.2 0.3 42.1 34 8 Exports World 4.6 7.7 4.9 0.1 21.8 30 12 U.S. 6.6 11.2 2.7 0.0 7.2 23 19 Foreign 7.3 12.3 4.9 0.3 21.2 32 10 Domestic Use World 0.9 1.5 6.5 0.0 20.3 19 23 U.S. 2.3 3.8 3.1 0.1 16.8 16 26 Foreign 1.0 1.7 6.2 0.2 22.7 25 17 Ending Stocks World 9.4 15.8 12.1 0.2 144.9 36 6 U.S. 10.8 18.2 3.5 0.0 12.1 20 22 Foreign 11.8 20.0 10.6 0.5 144.9 36 6 RICE, milled Production World 1.2 2.1 3.3 0.0 13.3 34 8 U.S. 1.3 2.2 0.0 0.0 0.2 11 5 Foreign 1.3 2.1 3.3 0.0 13.3 34 8 Exports World 7.8 13.1 1.6 0.1 4.5 32 10 U.S. 6.2 10.5 0.1 0.0 0.5 19 20 Foreign 8.6 14.5 1.5 0.0 4.4 32 10 Domestic Use World 1.1 1.8 3.1 0.1 13.7 30 12 U.S. 6.9 11.6 0.2 0.0 0.5 16 25 Foreign 1.1 1.8 3.0 0.2 13.4 30 12 Ending Stocks World 7.9 13.3 4.4 0.1 26.1 29 13 U.S. 18.2 30.7 0.2 0.0 0.4 25 17 Foreign 8.2 13.9 4.4 0.1 26.1 28 14 1/ Footnotes at end of table. CONTINUED April 2024 WASDE - 647 - 36 Reliability of April Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 1.6 2.7 2.6 0.2 7.9 25 17 U.S. 1.3 2.3 0.7 0.0 3.2 18 17 Foreign 2.6 4.4 2.3 0.0 8.1 27 15 Exports World 5.0 8.4 2.8 0.1 13.2 26 16 U.S. 5.4 9.2 1.4 0.0 6.3 28 14 Foreign 11.2 18.8 2.6 0.2 15.9 23 19 Domestic Use World 1.7 2.9 2.7 0.0 10.3 22 20 U.S. 2.2 3.7 0.9 0.1 2.4 26 16 Foreign 2.1 3.5 2.3 0.0 10.4 20 22 Ending Stocks World 11.1 18.7 3.5 0.0 13.2 25 17 U.S. 34.5 58.1 1.7 0.1 6.8 17 25 Foreign 12.2 20.5 3.2 0.0 12.8 27 15 COTTON Million 480 -Pound Bales Production World 1.6 2.8 1.2 0.0 5.2 30 11 U.S. 0.4 0.7 0.0 0.0 0.2 17 17 Foreign 2.0 3.3 1.2 0.0 5.1 29 12 Exports World 4.3 7.2 1.1 0.1 4.2 26 16 U.S. 4.6 7.7 0.4 0.0 1.4 19 20 Foreign 5.6 9.4 1.0 0.1 3.9 25 17 Domestic Use World 2.2 3.8 1.6 0.0 8.5 24 18 U.S. 6.2 10.5 0.2 0.0 0.8 19 18 Foreign 2.2 3.7 1.6 0.2 7.8 24 18 Ending Stocks World 7.0 11.7 3.0 0.0 9.0 27 15 U.S. 13.9 23.3 0.4 0.0 1.6 18 24 Foreign 7.5 12.5 2.9 0.1 9.1 25 17 1/ Marketing years 1981/82 through 2022/23 for grains, soybeans (U.S. only), and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2021/22, and for 2022/23 the last mon th’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. April 2024 WASDE - 647 - 37 Reliability of United States April Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 0.2 0.3 6 0 72 1 6 Exports 6.8 11.4 100 13 248 20 22 Domestic Use 2.1 3.6 110 5 474 17 25 Ending Stocks 12.4 20.8 140 3 470 20 22 SORGHUM Production 0.1 0.2 0 0 4 0 2 Exports 11.8 19.8 20 0 72 28 13 Domestic Use 10.0 16.9 22 0 158 16 24 Ending Stocks 37.6 63.3 20 0 148 18 23 BARLEY Production 0.9 1.6 1 0 11 21 4 Exports 16.3 27.4 3 0 13 11 25 Domestic Use 5.5 9.2 11 0 64 20 19 Ending Stocks 12.5 21.0 12 0 52 25 16 OATS Production 0.4 0.7 0 0 2 5 4 Exports 32.1 54.0 0 0 3 7 6 Domestic Use 3.9 6.5 8 0 26 12 27 Ending Stocks 14.2 23.9 9 1 30 27 15 SOYBEAN MEAL Thousand Short Tons Production 2.6 4.4 805 4 2,667 31 11 Exports 7.8 13.2 558 25 2,326 32 10 Domestic Use 2.2 3.6 513 100 2,066 28 14 Ending Stocks 33.8 56.9 68 0 253 16 24 SOYBEAN OIL Million Pounds Production 2.6 4.3 383 15 1,058 31 11 Exports 17.2 29.0 229 0 777 27 14 Domestic Use 1.9 3.2 254 0 576 24 17 Ending Stocks 17.2 28.9 238 5 753 27 15 ANIMAL PROD. Million Pounds Beef 2.3 3.9 474 19 1,388 27 15 Pork 2.1 3.5 303 10 983 24 18 Broilers 1.3 2.3 318 6 1,006 28 14 Turkeys 2.6 4.4 105 3 398 19 23 Million Dozen Eggs 1.6 2.7 92 4 433 28 14 Billion Pounds Milk 1.1 1.9 1.4 0.0 5.2 20 21 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2022/23 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate followin g the marketing year for 1981/82 through 2022/23. Calendar years 1982 through 2022 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2022. WASDE- 647-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. IPAD is located at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ Click to receive WASDE -related notifications by email Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at [email protected] World Agricultural Supply and Demand Estimates WASDE -647 – April 11, 2024 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 598 Appro ved by the World Agricultura l Outlook Board March 10, 2020 WHEAT: The 2019/20 U.S. wheat supply and demand outlook is unchanged this month. The projected season -average farm price is also unchanged at $4.55 per bushel. The 2019/20 global outlook this month for wheat is for higher production , increased consumption and exports, and lower ending stocks. Output is r aised on higher production forecasts for India and Argentina more than offsetting reduc tions for Turkey and Australia. India’s production is raised 1.4 million tons to a record 103.6 million, mainly on an updated government production estimate. World exports are increased by 0.8 million tons to 18 3.6 million as higher exports by Russia and Argentina more than offset reductions for Canada and Australia. Russia’s exports are increased 1.0 million tons to 35.0 million, primarily on higher projected imports by Turkey as Russia is its leading supplier. Turkey’s wheat imports are raised 2 .0 million tons to a record- large 10.5 million on higher consumption, reduced production, and government polic ies to import additional quantities duty -free to stabilize domestic prices. Turkey’s wheat imports have been rising for the last decade and the country is now projected to be the third -largest importer for 2019/20 behind Egypt and Indonesia. Wheat imports are also higher for Bangladesh as they increased to a record 6.5 million tons on a robust pace. Global consumption is raised 0.7 million tons as increases for Tur key, Bangladesh, and Canada more than offset reductions for the EU , Iraq, and Lebanon. Global ending stocks are projected lower this month but remain record large for the 2019/20 crop year at 287.1 million tons with China comprising 52 percent of the total. COARSE GRAINS: This month’s 2019 /20 U.S. corn supply and use outlook is unchanged relative to last month. The season- average corn price received by producers is lowered 5 cents to $3.80 per bushel b ased on observed prices to date. Global coarse grain production for 2019/ 20 is virtually unchanged from last month at 1,402.8 million tons. This month’s foreign coarse grain outlook is for slightly higher production, consumption, and stocks relative to last month. Global corn production is raised 0.4 million tons, as an increase for South Africa is partially offset by reductions for India, Peru, and Russia. For South Africa, production is higher as continued favorable conditions during the month of February boost yield prospects. Major global trade changes for 2019 /20 incl ude higher projected corn exports for Ukraine, South Africa, and the EU. For 2018/19, Brazil’s exports for the marketing year ending February 2020 are lowered based on smaller -than-expected late-s eason shipments. Partly offsetting is an increase for Argentina. Corn imports for 2019/20 are raised for Canada and Peru but lowered for the Philippines . China’s sorghum imports are raised reflecting recent purchases from the United States. Foreign corn ending stocks are WASDE- 598-2 raised, as increases for South Africa, Canada, and Russia more than offset a decline for Argentina. Global corn ending stocks, at 2 97.3 million tons, are up 0.5 million from last month. RICE: The 2019/20 U.S. rice supply and use estimates are unchanged relative to last month. The projected all rice season -average farm price is unchanged at $13.00 per cwt ; however, the Other States medium -grain price is lowered $0.20 per cwt to $11.90. Global 2019/20 rice supplies are raised 3.4 million tons primarily on a 3.0- million -ton increase for India production stemming from revised government data. Global exports are lowered 0.5 million tons primarily on a reduced forecast for India, despite its larger supplies. India’s exports are lowered 0.7 million tons on a slowing pace of trade to African m arkets . Global imports are reduced 0.6 million tons led by a 0.3 -million -ton reduction for Nigeria which was lowered on a slowing pace of parboiled exports to West Africa and enforcement of land border closures. India is an important parboil ed rice expor ter to the region. World consumption is lowered 0.8 million tons, led by a 0.5- million -ton reduction for India. With supplies higher and use revised down this month, global ending stocks are raised 4.2 million tons. Outside of several small and mostly offsetting changes, India accounts for nearly all of the global stock increase. India and world st ocks are now projected at 35.0 million tons and 182.3 million tons respectively. OILSEEDS: U.S. soybean supply and use projections for 20 19/20 are mostly unchanged this month. With soybean crush and exports projected at 2.1 billion bushels and 1.8 billion bushels, respectively, ending stocks remain at 425 million bushels , down 484 million from last year’s record. Soybean and soybean oil price s are reduced this month. The U.S. season- average soybean price is projected at $8.70 per bushel, down 5 cents. The soybean oil price is projected at 31.5 cents per pound, down 2 cents. Soybean meal prices are unchanged at $305.00 per ton. This month’s 2019/20 global oilseed outlook includes higher production and stocks relative to last month. Global soybean production is raised 2.4 million tons to 341.8 million , mainly on a 1 -million -ton increase for both Argentina (to 54 million) and Brazil (to 126 million). Argentina’s larger crop is due to overall favorable conditions in higher - yielding central and northwestern farming areas. Soybean crush is lowered 1 million tons for Argentina on the current pace to date. With higher South American production and lower use, global soybean stocks are increased 3.6 million tons to 102.4 million. Another notable oilseed change includes a 1- million -ton reduction for palm oil production, mainly in Malaysia and Colombia, leading to a 19 percent year -over-year decline in global vegetable oil stocks. SUGAR: Mexico sugar production for 2019/20 is projected at 5. 200 million metric tons (MT), a reduction of 471,686 from last month. Analysis based on production through the end of February supports the following projections: area, 780,000 hectares; sugarcane yield, 63.66 MT/hectare; and sucrose recovery, 10.466 percent. Domestic deliveries and ending stocks equaling 2.5 months of forecast domestic sugar use before the start of the 2020/21 sugarcane harvest , are unchanged. Exports outside of those shipments under license to the United States are at 33,552 MT, an amount estimated by CONADESUCA WASDE- 598-3 that is equal to exports through February 23. Exports to the United States are reduced by 472,287 MT to 996,834. Projected total U.S. supply for 2019/20 is reduced by 668,664 short tons, raw value (STRV) on lower production and imports. Beet sugar production is forecast lower by 126,820 STRV at 4.317 million. The reduction is based on processors’ surveys of crop- year production from sugarbeet slicing in the Sweetener Market Data (SMD). Imports from Mexico are reduced by 551,844 STRV to 1.164 million based on lower sugar supply availability in Mexico. This reduction is partially offset by a 50,000- STRV increase in high- tier tariff imports, raising the total to 150,000. This increase is based on import pace and on favorable margins between U.S. and world refined sugar prices. There are no changes to use. Ending stocks are projected at 887,559 STRV, implying an ending stocks- to-use ratio of 7 .24 percent. LIVESTOCK, POULTRY, AND DAIRY : The 2020 forecast of total red meat and poultry production is raised from last month. Beef production is r aised from the previous month as higher expected steer and heifer slaughter more than offsets lower non- fed cattle slaughter. Heavier carcass weights are also expected to support increased beef production. Pork production is increased on higher first -quarter slaughter. The broiler production forecast is raised on the current pace of slaughter as well as recent hatchery data which points towards continued flock expansion. The turkey production forecast is increased on recent production data and hatchery data. Forecast egg production is increased as the laying flock conti nues to expand. The 2 020 beef import forecast is raised from last month on higher expected imports of processing grade beef , while the export forecast is reduced on weaker anticipated demand in several markets . Pork exports are raised from last month on recent trade data and strong international demand for U.S. pork products . The broiler and egg export forecasts are raised slightly from last month on recent trade data, while the turkey forecast is reduced. The fed cattle price forecast is reduced from last month on recent price weakness and increased production. The hog price forecast is reduced on pressure from large hog supplies. Broiler prices are lowered as larger supplies outweigh demand. The f irst- quarter turkey price is reduced on recent price weakness . Egg prices are raised on expected demand strength. The milk produc tion forecast for 2020 is raised from last month on a higher expected cow inventory. The 2020 fat basis import forecast is raised from the previous month on recent trade data and stronger anticipated imports of cheese and butterfat products . The fat basis export forecast is reduced on slower expected demand in the first half of the year. On a skim -solids basis, the import forecast is raised on stronger imports of cheese, milk proteins, and several other dairy products. The skim -solids basis export forecast is raised on expectations of continued strength in international demand. Annual product price forecasts for cheese, butter , and nonfat dry milk (NDM) are lowered from the previous month. However, the whey price forecast is raised. The Class III price WASDE- 598-4 is reduced on the lower cheese price forecast , while the Class IV price is reduced on lower butter and NDM price forecasts. The all milk price forecast is lowered from the previous month to $18.25 per cwt . COTTON : This month’s 2019/ 20 U.S. cotton forecasts show lower production, price, and ending stocks relative to last month. Production is reduced 300,000 bales to 19.8 million, based on the March 10 Cotton Ginnings report. The final estimates for this season’s U.S. area, yield, and production will be published in the May 20 20 Crop Production report. Domestic mill use and exports are unchanged from last month, and ending stocks are lowered 300,000 bales to 5. 1 million. The projected mar keting year average price received by upland producers of 60 .0 cents per pound is down 2 cents from last month. The global cotton supply and demand estimates show larger production and ending stocks. Consumption is forecast 850,000 bales lower, as a 1 -million-bale cut in China’s expected consumption is only partially offset by increases for Bangladesh and Turkey. Production is up about 250,000 bales as larger expected crops in Brazil, Chad, and Tajikistan offset a lower U.S. crop and some smaller declines elsewhere . Ending stocks for 2019/20 are projected 1. 3 million bales higher this month and 3. 2 million bales higher than in 2018/19. Approved by the Secretary of Agriculture and t he Acting Chairman of the World Agricultural Outlook Board, Mark Jekan owski , (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: JOSEPH COOPER SECRETARY OF AGRICULTURE DESIGNATE WASDE- 598-5 THIS PAGE INTENTIONALLY LEFT BLANK WASDE- 598-6 INTERAGENCY COMMODI TY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estima tes Committees (ICECs) that prepar e the monthly report. Wheat: William Chambers, ICEC Chair, WAOB, [email protected] Jennifer Bond, ERS; Andrew Sowell, FAS; Pete Riley, FPAC. Rice: William Chambers, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS; Vidalina Abadam, FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Tom Capehart, ERS; Yoonhee Macke, FAS; Sharon Raszap, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Mark Ash, ERS; Bill Geor ge, FAS; Sherrie Grimm, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; James Johnson, FAS; Kent Lanclos , FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Michael McConnell, ERS; R on Lord, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Lindsay Kuberka, FAS ; Georgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Kim Ha, ERS; Claire Mezoughem, FAS ; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Georgi Gabrielyan, FPAC. In 2020, the WASDE report will be released on Apr 9, May 12, June 11, July 10, Aug 12, Sep 11, Oct 9, Nov 10, and Dec 10. WASDE- 598-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U. S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supp ly & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Us e ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Production .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats S upply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 March 2020 WASDE - 598 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2017/18 2619.27 3417.67 414.99 2600.35 817.32 2018/19 (Est.) 2626.89 3444.21 428.28 2643.35 800.86 filler filler filler filler filler 2019/20 (Proj.) Feb 2662.87 3463.61 428.82 2670.86 792.75 2019/20 (Proj.) Mar 2666.55 3467.41 427.98 2670.64 796.77 filler filler filler filler filler Wheat 2017/18 762.88 1025.58 182.47 742.05 283.53 2018/19 (Est.) 731.46 1014.99 173.54 737.42 277.57 filler filler filler filler filler 2019/20 (Proj.) Feb 763.95 1042.22 182.82 754.19 288.03 2019/20 (Proj.) Mar 764.49 1042.06 183.62 754.93 287.14 filler filler filler filler filler Coarse Grains 5/ 2017/18 1361.55 1747.36 185.27 1376.14 371.22 2018/19 (Est.) 1396.06 1767.28 211.29 1419.30 347.97 filler filler filler filler filler 2019/20 (Proj.) Feb 1402.70 1750.17 201.19 1423.54 326.63 2019/20 (Proj.) Mar 1402.75 1750.72 200.08 1423.39 327.33 filler filler filler filler filler Rice, milled 2017/18 494.84 644.74 47.25 482.17 162.57 2018/19 (Est.) 499.37 661.94 43.46 486.62 175.32 filler filler filler filler filler 2019/20 (Proj.) Feb 496.22 671.22 44.81 493.13 178.09 2019/20 (Proj.) Mar 499.31 674.63 44.28 492.32 182.30 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2017/18 437.43 541.29 94.57 357.95 88.76 2018/19 (Est.) 436.32 532.31 83.39 357.64 91.28 filler filler filler filler filler 2019/20 (Proj.) Feb 419.31 517.87 77.37 362.43 78.08 2019/20 (Proj.) Mar 419.31 517.87 77.75 362.17 77.95 filler filler filler filler filler Wheat 2017/18 47.38 83.81 24.66 29.25 29.91 2018/19 (Est.) 51.31 84.89 25.48 30.02 29.39 filler filler filler filler filler 2019/20 (Proj.) Feb 52.26 84.50 27.22 31.71 25.58 2019/20 (Proj.) Mar 52.26 84.50 27.22 31.71 25.58 filler filler filler filler filler Coarse Grains 5/ 2017/18 384.39 449.48 67.16 324.41 57.92 2018/19 (Est.) 377.91 438.46 54.94 323.05 60.47 filler filler filler filler filler 2019/20 (Proj.) Feb 361.19 425.05 47.01 326.50 51.54 2019/20 (Proj.) Mar 361.19 425.05 47.39 326.24 51.42 filler filler filler filler filler Rice, milled 2017/18 5.66 8.00 2.76 4.30 0.93 2018/19 (Est.) 7.11 8.96 2.97 4.57 1.42 filler filler filler filler filler 2019/20 (Proj.) Feb 5.86 8.32 3.14 4.22 0.95 2019/20 (Proj.) Mar 5.86 8.32 3.14 4.22 0.95 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). March 2020 WASDE - 598 - 9 World and U.S. Supply and Use for Grains, Continued 1 / Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2017/18 2,181.84 2,876.38 320.42 2,242.40 728.56 2018/19 (Est.) 2,190.57 2,911.90 344.89 2,285.71 709.58 filler filler filler filler filler 2019/20 (Proj.) Feb 2,243.56 2,945.74 351.46 2,308.43 714.67 2019/20 (Proj.) Mar 2,247.24 2,949.54 350.23 2,308.47 718.82 filler filler filler filler filler Wheat 2017/18 715.50 941.77 157.82 712.80 253.63 2018/19 (Est.) 680.15 930.11 148.07 707.40 248.19 filler filler filler filler filler 2019/20 (Proj.) Feb 711.69 957.72 155.61 722.48 262.45 2019/20 (Proj.) Mar 712.24 957.56 156.41 723.22 261.56 filler filler filler filler filler Coarse Grains 5/ 2017/18 977.16 1,297.88 118.12 1,051.73 313.30 2018/19 (Est.) 1,018.15 1,328.81 156.34 1,096.26 287.50 filler filler filler filler filler 2019/20 (Proj.) Feb 1,041.51 1,325.12 154.19 1,097.04 275.09 2019/20 (Proj.) Mar 1,041.56 1,325.67 152.69 1,097.15 275.92 filler filler filler filler filler Rice, milled 2017/18 489.18 636.74 44.48 477.87 161.64 2018/19 (Est.) 492.27 652.98 40.49 482.06 173.90 filler filler filler filler filler 2019/20 (Proj.) Feb 490.35 662.90 41.66 488.90 177.14 2019/20 (Proj.) Mar 493.45 666.31 41.14 488.10 181.35 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total fore ign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World an d U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2017/18 123.78 204.07 41.51 122.76 80.84 2018/19 (Est.) 118.61 199.44 41.35 120.30 80.18 filler filler filler filler filler 2019/20 (Proj.) Feb 121.33 201.32 43.54 119.01 82.12 2019/20 (Proj. ) Mar 121.59 201.77 43.60 118.16 83.40 filler filler filler filler filler United States 2017/18 20.92 23.68 16.28 3.23 4.20 2018/19 (Est.) 18.37 22.57 14.76 2.98 4.85 filler filler filler filler filler 2019/20 (Proj.) Feb 20.10 24.96 16.50 3.00 5.40 2019/20 (Proj.) Mar 19.80 24.66 16.50 3.00 5.10 filler filler filler filler filler Foreign 4/ 2017/18 102.86 180.39 25.24 119.54 76.64 2018/19 (Est.) 100.24 176.87 26.59 117.33 75.33 filler filler filler filler filler 2019/20 (Proj.) Feb 101.23 176.36 27.04 116.01 76.72 2019/20 (Proj.) Mar 101.79 177.12 27.10 115.16 78.30 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total For eign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. March 2020 WASDE - 598 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2017/18 581.59 690.65 176.24 483.59 116.75 2018/19 (Est.) 597.23 713.98 170.57 488.94 129.82 filler filler filler filler filler 2019/20 (Proj.) Feb 576.82 705.98 174.09 498.07 113.81 2019/20 (Proj.) Mar 580.13 709.94 174.96 497.94 117.37 filler filler filler filler filler Oilmeals 2017/18 331.33 348.67 89.16 326.88 17.86 2018/19 (Est.) 332.64 350.50 93.65 329.94 16.24 filler filler filler filler filler 2019/20 (Proj.) Feb 339.65 356.22 94.21 338.76 15.14 2019/20 (Proj.) Mar 339.15 355.40 93.10 338.10 14.66 filler filler filler filler filler Vegetable Oils 2017/18 198.54 220.15 79.98 192.89 22.57 2018/19 (Est.) 203.34 225.91 85.17 200.43 21.59 filler filler filler filler filler 2019/20 (Proj.) Feb 205.49 227.17 87.58 206.55 17.77 2019/20 (Proj.) Mar 204.54 226.13 86.38 204.98 17.43 filler filler filler filler filler United States Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2017/18 131.48 142.50 59.31 60.17 13.83 2018/19 (Est.) 130.72 145.65 48.70 61.03 26.54 filler filler filler filler filler 2019/20 (Proj.) Feb 107.42 134.94 50.77 61.38 13.10 2019/20 (Proj.) Mar 107.42 135.03 50.80 61.41 13.10 filler filler filler filler filler Oilmeals 2017/18 47.03 51.17 13.00 37.61 0.56 2018/19 (Est.) 46.52 51.01 12.60 37.99 0.42 filler filler filler filler filler 2019/20 (Proj.) Feb 47.21 51.56 12.29 38.87 0.40 2019/20 (Proj.) Mar 47.23 51.58 12.29 38.89 0.40 filler filler filler filler filler Vegetable Oils 2017/18 12.11 18.12 1.34 15.54 1.24 2018/19 (Est.) 12.20 18.14 1.10 15.89 1.16 filler filler filler filler filler 2019/20 (Proj.) Feb 12.29 18.32 1.10 16.18 1.04 2019/20 (Proj.) Mar 12.30 18.32 1.19 16.09 1.05 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2017/18 450.11 548.15 116.93 423.42 102.93 2018/19 (Est.) 466.51 568.33 121.87 427.91 103.28 filler filler filler filler filler 2019/20 (Proj.) Feb 469.40 571.04 123.32 436.69 100.70 2019/20 (Proj.) Mar 472.70 574.91 124.16 436.53 104.28 filler filler filler filler filler Oilmeals 2017/18 284.31 297.50 76.15 289.28 17.30 2018/19 (Est.) 286.12 299.48 81.05 291.95 15.82 filler filler filler filler filler 2019/20 (Proj.) Feb 292.43 304.66 81.92 299.89 14.74 2019/20 (Proj.) Mar 291.93 303.82 80.81 299.21 14.26 filler filler filler filler filler Vegetable Oils 2017/18 186.43 202.02 78.64 177.35 21.33 2018/19 (Est.) 191.14 207.76 84.08 184.54 20.43 filler filler filler filler filler 2019/20 ( Proj.) Feb 193.20 208.85 86.49 190.37 16.73 2019/20 (Proj.) Mar 192.24 207.81 85.19 188.89 16.38 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only f or oilseed s. 3/ Total Foreign is equal to World minus United States. March 2020 WASDE - 598 - 11 U.S. Wheat Supply and Use 1/ 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Feb Mar Million Acres Area Plant ed 46.1 47.8 45.2 45.2 Area Harvested 37.6 39.6 37.2 37.2 Bushels Yield per Harvested Acre 46.4 47.6 51.7 51.7 Million Bushels Beginning Stocks 1,181 1,099 1,080 1,080 Production 1,741 1,885 1,920 1,920 Imports 158 135 105 105 Supply, To tal 3,080 3,119 3,105 3,105 Food 964 955 955 955 Seed 63 59 60 60 Feed and Residual 47 90 150 150 Domestic, Total 1,075 1,103 1,165 1,165 Exports 906 936 1,000 1,000 Use, Total 1,981 2,039 2,165 2,165 Ending Stocks 1,099 1,080 940 940 Avg. Farm Price ($/bu) 2/ 4.72 5.16 4.55 4.55 U.S. Wheat by Class: Supply and Use Year beginning J une 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2018/19 (Est.) Beginning Stocks 581 191 205 87 35 1,099 Production 662 587 286 272 78 1,885 Supply, Total 3/ 1,248 846 495 365 165 3,119 Domestic Use 401 324 209 81 88 1,103 Exports 331 259 128 196 22 936 Use, Total 732 583 337 277 110 2,039 Ending Stocks, Total 516 263 158 88 55 1,080 2019/20 (Proj.) Beginning Stocks 516 263 158 88 55 1,080 Production 833 522 239 272 54 1,920 Supply, Total 3/ 1,354 835 402 365 149 3,105 Domestic Use 480 311 196 90 88 1,165 Exports 390 275 100 195 40 1,000 Use, Total 870 586 296 285 128 2,165 Ending Stocks, Total Mar 484 249 106 80 21 940 Ending Stocks, Total Feb 484 249 106 80 21 940 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weigh ted averag e price received by farmers. 3/ Includes imports. March 2020 WASDE - 598 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Feb Mar Million Acres Area Planted 100.9 99.9 100.5 100.5 Area Harvested 90.5 89.2 89.2 89.2 Metric Tons Yield per Harvested A cre 4.24 4.24 4.05 4.05 Million Metric Tons Beginning Stocks 62.1 57.9 60.5 60.5 Production 384.1 377.7 360.9 360.9 Imports 2.7 2.3 3.1 3.1 Supply, Total 449.0 437.9 424.5 424.5 Feed and Residual 138.7 143.0 145.7 145.5 Food, Seed & Industri al 185.2 179.6 180.2 180.2 Domestic, Total 323.9 322.5 325.9 325.7 Exports 67.2 54.9 47.0 47.4 Use, Total 391.1 377.5 372.9 373.1 Ending Stocks 57.9 60.5 51.5 51.4 CORN 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. February March Million Acres Area Planted 90.2 88.9 89.7 89.7 Area Harvested 82.7 81.3 81.5 81.5 Bushels Yield per Harvested Acre 176.6 176.4 168.0 168.0 Million Bushels Beginning Stocks 2,293 2,140 2,221 2,221 Production 14,609 14,340 13,692 13,692 Imports 36 28 50 50 Supply, Total 16,939 16,509 15,962 15,962 Feed and Residual 5,304 5,430 5,525 5,525 Food, Seed & Industr ial 2/ 7,057 6,793 6,820 6,820 Ethanol & by -products 3/ 5,605 5,378 5,425 5,425 Domestic, Total 12,361 12,223 12,345 12,345 Exports 2,438 2,065 1,725 1,725 Use, Total 14,798 14,288 14,070 14,070 Ending Stocks 2,140 2,221 1,892 1,892 Avg. Farm Price ($/bu) 4/ 3.36 3.61 3.85 3.80 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access t he data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by- products including distillers' grains, corn gluten feed, corn gluten meal, and c orn oil. 4/ Marketing - year weighted average price received by farmers. March 2020 WASDE - 598 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Feb Mar Milli on Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 5.6 5.7 5.3 5.3 Area Harvested (mil. acres) 5.0 5.1 4.7 4.7 Yield (bushels/acre) 71.7 72.1 73.0 73.0 Beginning Stocks 33 35 64 64 Production 362 365 341 341 Imports 2 0 0 0 Supply, Total 397 400 405 405 Feed and Residual 102 138 140 130 Food, Seed & Industrial 60 106 105 105 Total Domestic 162 244 245 235 Exports 200 93 120 135 Use, Total 362 336 365 370 Ending Stocks 35 64 40 35 Avg. Farm Price ($/ bu) 2/ 3.22 3.26 3.35 3.30 Filler Filler Filler Filler Filler BARLEY 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. February March Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.5 2.5 2.7 2.7 Area Harvested (mil. acres) 2.0 2.0 2.2 2.2 Yield (bushels/acre) 73.0 77.5 77.7 77.7 Beginning Stocks 106 94 87 87 Production 143 154 170 170 Imports 9 6 8 8 Supply, Total 259 254 264 264 Feed and Residual 7 15 25 25 Food, Seed & Industrial 152 148 146 146 Total Domestic 159 162 171 171 Exports 5 5 5 5 Use, Total 164 167 176 176 Ending Stocks 94 87 88 88 Avg. Farm Price ($/bu) 2/ 4.47 4.62 4.60 4.60 Filler Filler Filler Filler Filler OATS 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. February March Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.6 2.7 2.8 2.8 Area Harvested (mil. acres) 0.8 0.9 0.8 0.8 Yield (bushels/acre) 61.7 64.9 64.3 64.3 Beginning Stocks 50 41 38 38 Production 50 56 53 53 Imports 89 87 95 95 Supply, Total 189 184 186 186 Feed and Residual 68 66 70 70 Food, Seed & Industrial 77 78 78 78 Total Domestic 146 144 148 148 Exports 2 2 2 2 Use, Total 148 146 150 150 Ending Stocks 41 38 36 36 Avg. Farm Price ($/bu) 2/ 2.59 2.66 2.95 2.95 Filler Filler Filler Filler Filler Note: Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sor ghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. March 2020 WASDE - 598 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Feb Mar Million Acres Area Planted 2.46 2.95 2.54 2.54 Area Harvested 2.37 2.91 2.47 2.47 Filler Pounds Yield per Harvested Acre 7,507 7,692 7,471 7,471 Million Hundredweight Beginning Stocks 2/ 46.0 29.4 44.9 44.9 Production 178.2 223.8 184.7 184.7 Imports 27.5 29.0 32.5 32.5 Supply, Total 251.8 282.2 262.0 262.0 Domestic & Residual 3/ 135.4 143.8 133.0 133.0 Exports, Total 4/ 87.1 93.6 99.0 99.0 Rough 28.8 33.0 37.0 37.0 Milled (rough equiv.) 58.2 60.6 62.0 62.0 Use, Total 222.4 237.3 232.0 232.0 Ending Stocks 29.4 44.9 30.0 30.0 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 12.90 12.60 13.00 13.00 Total LONG-GRAIN RICE 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. February March Harvested Acres (mil.) 1.75 2.18 1.73 1.73 Yield (pounds/acre) 7,314 7,517 7,261 7,261 Beginning Stocks 31.0 20.3 32.6 32.6 Production 127.9 163.6 125.6 125.6 Supply, Total 7/ 182.2 207.3 184.2 184.2 Domestic & Residual 3/ 98.6 109.0 99.0 99.0 Exports 8/ 63.2 65.7 71.0 71.0 Use, Total 161.9 174.7 170.0 170.0 Ending Stocks 20.3 32.6 14.2 14.2 Avg. Farm Price ($/cwt) 6/ 11.50 10.80 12.00 12.00 Filler Filler Filler Filler Filler MEDIUM & SHORT -GRAIN RICE 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 P roj. February March Harvested Acres (mil.) 0.63 0.73 0.74 0.74 Yield (pounds/acre) 8,048 8,209 7,960 7,960 Beginning Stocks 11.5 7.6 10.2 10.2 Production 50.4 60.3 59.1 59.1 Supply, Total 7/ 68.2 72.8 75.7 75.7 Domestic & Residua l 3/ 36.7 34.8 34.0 34.0 Exports 8/ 23.8 27.8 28.0 28.0 Use, Total 60.6 62.6 62.0 62.0 Ending Stocks 7.6 10.2 13.7 13.7 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 17.00 18.50 16.10 16.00 California 10/ 20.10 21.10 18.00 18.00 Other Sta tes 1/ 11.70 12.30 12.10 11.90 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketi ng year beginning August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2015/16 -2.9; 2016/17-3.5; 2017/18 -3.5. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice mille d. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain season -average- farm price (SAFP) largely reflects rice that is marketed through price pool s in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the prelimina ry California SAFP forecast and the final price has averaged $0.98 per cwt from 2014/15- 2017/18, with a high of $ 3.50 per cwt in 2017/18 and a low of -$0.20 per cwt in 2015/16. 10/ Marketing year beginning October 1. March 2020 WASDE - 598 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Feb Mar Filler Filler Filler Filler Filler Million Acres Area Planted 90.2 89.2 76.1 76.1 Area Harvested 89.5 87.6 75.0 75.0 Filler Bushels Yield per Harvested Acre 49.3 50.6 47.4 47.4 Million Bus hels Beginning Stocks 302 438 909 909 Production 4,412 4,428 3,558 3,558 Imports 22 14 15 15 Supply, Total 4,735 4,880 4,482 4,482 Crushings 2,055 2,092 2,105 2,105 Exports 2,134 1,748 1,825 1,825 Seed 104 88 96 99 Residual 5 43 32 29 Use, Total 4,297 3,971 4,058 4,058 Ending Stocks 438 909 425 425 Avg. Farm Price ($/bu) 2/ 9.33 8.48 8.75 8.70 Total SOYBEAN OIL 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. February March Filler Filler Filler Filler Filler Million Pou nds Beginning Stocks 1,711 1,995 1,775 1,775 Production 4/ 23,772 24,197 24,290 24,290 Imports 335 398 450 450 Supply, Tota l 25,819 26,590 26,515 26,515 Domestic Disappearance 21,380 22,874 23,100 22,900 Biodiesel 3/ 7,134 7,863 8,200 8,000 Food, Feed & other Industrial 14,247 15,011 14,900 14,900 Exports 2,443 1,941 1,900 2,100 Use, Total 23,823 24,815 25,000 25,000 Ending stocks 1,995 1,775 1,515 1,515 Avg. Price (c/lb) 2/ 30.04 28.26 33.50 31.50 Total SOYBEAN MEAL 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. February March Filler 1 2 3 4 Thousand Short Tons Beginning Stocks 401 555 402 402 Production 4/ 49,226 48,814 49,473 49,473 Imports 483 684 500 500 Supply, Total 50,109 50,053 50,375 50,375 Domestic Disappearance 35,537 36,097 36,800 36,800 Exports 14,016 13,554 13,200 13,200 Use, Total 49,554 49,651 50,000 50,000 Ending Stocks 555 402 375 375 Avg. Price ($/s.t.) 2/ 345.02 308.28 305.00 305.00 Total Note: Totals may not a dd due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,085 million bu shels for 2018/19 and 2,105 million bushels for 2019/20. March 2020 WASDE - 598 - 16 U.S. Sugar Sup ply and Us e 1/ 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Feb Mar Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 1,876 2,008 1,783 1,783 Production 2/ 9,293 8,999 8,158 8,031 Beet Sugar 5,279 4,939 4,444 4,317 Cane Sugar 4,014 4,060 3,713 3,713 Florida 1,983 2,005 2,069 2,069 Hawaii 0 0 0 0 Louisiana 1,862 1,907 1,513 1,513 Texas 169 147 131 131 Imports 3,277 3,070 3,841 3,339 TRQ 3/ 1,663 1,541 1,674 1,674 Other Program 4/ 326 438 350 350 Other 5/ 1,287 1,092 1,817 1,315 Mexico 1,223 1,000 1,717 1,165 Total Supply 14,445 14,077 13,781 13,153 Exports 170 35 35 35 Deliveries 12,185 12,231 12,230 12,230 Food 12,048 12,106 12,125 12,125 Other 6/ 137 126 105 105 Miscellaneous 82 28 0 0 Total Use 12,438 12,294 12,265 12,265 Ending Stocks 2,008 1,783 1,516 888 Stocks to Use Ratio 16.1 14.5 12.4 7.2 Total 1/ Fiscal years beg inning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2018/19 and 2019/20 are based on Crop Production and/or processor projections/industry data where appropriate. 3/ For 2018/19, WTO raw sugar TRQ shortfall (56) and for 2019/20 (40). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Imports from Mexico; and high -tier tariff sugar and syrups not otherwise specified -- for 2018/19 (91) and 2019/20 (150). 6 / Transfers accompanying deliveries for sugar - containing products to be exported (SCP) and polyhydric alcohol manufactur e (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE -reported de liveries: 2017/18 -- 278; estimated 2018/19 -- 374; projected 2019/20 -- 340. Mexico Sugar Supply and Use and Hig h Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2018/19 Est. Feb 1,395 6,426 85 4,532 2,204 1,169 2018/19 Est. Mar 1,395 6,426 85 4,532 2,204 1,169 2019/20 Proj. Feb 1,169 5,672 89 4,492 1,502 936 2019/20 Proj. Mar 1,169 5,200 89 4,492 1,030 936 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2017/18 = 1,593; Estimated 2018/19 = 1,528; Projected 2019/20 = 1 ,520; Estimated Oct- Jan 2019/20 = 460, Oct -Jan 2018/19 = 468. Footnote source for estimate: Comite Nacional para el Desarol lo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliv eries/Ending Year Statistical Adjustments. IMMEX: 2018/19 (463 est); 2019/20 (435 proj). Other Deliveries/Ending Year St atistical Adjustments: 2018/19 ( -23), 2019/20 (0). March 2020 WASDE - 598 - 17 U.S. Cotton Supply and Use 1/ 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Feb Mar Filler Filler Filler Filler Filler Area Million Ac res Planted 12.72 14.10 13.74 13.74 Harvested 11.10 10.21 11.80 11.80 Filler Pounds Yield per Harvested Acre 905 864 817 805 Million 480 Pound Bales Beginning Stocks 2.75 4.20 4.85 4.85 Production 20.92 18.37 20.10 19.80 Imports 0.00 0.00 0.01 0.01 Supply, Total 23.68 22.57 24.96 24.66 Domestic Use 3.23 2.98 3.00 3.00 Exports, Total 16.28 14.76 16.50 16.50 Use, Total 19.50 17.74 19.50 19.50 Unaccounted 2/ -0.03 -0.02 0.06 0.06 Ending Stocks 4.20 4.85 5.40 5.10 Avg. Farm Price 3/ 68.6 70.3 62.0 60.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marke ting year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. March 2020 WASDE - 598 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 262.70 762.88 180.86 146.52 742.05 182.47 283.53 World Less China 147.77 628.55 176.92 129.02 621.05 181.47 152.34 United States 32.13 47.38 4.30 1.29 29.25 24.66 29.91 Total Foreign 230.57 715.50 176.56 145.24 712.80 157.82 253.63 Major Exporters 4/ 36.22 333.09 6.97 89.48 205.25 131.17 39.86 Argentina 0.25 18.50 0.01 0.05 5.55 12.73 0.47 Australia 5.73 20.94 0.16 4.00 7.48 13.85 5.51 Canada 6.93 30.38 0.45 4.13 9.03 22.00 6.73 European Union 5/ 10.72 151.13 5.82 58.00 130.40 23.38 13.89 Russia 10.82 85.17 0.47 20.00 43.00 41.43 12.03 Ukraine 1.77 26.98 0.06 3.30 9.80 17.78 1.24 Major Importers 6/ 160.57 202.93 116.31 37.90 290.35 12.43 177.03 Bangladesh 1.76 1.15 6.47 0.25 7.15 0.00 2.23 Brazil 2.26 4.26 7.02 0.50 12.00 0.23 1.31 China 114.93 134.33 3.94 17.50 121.00 1.00 131.20 Japan 1.21 0.97 5.88 0.75 6.60 0.28 1.18 N. Africa 7/ 14.28 19.25 27.45 2.25 45.23 0.88 14.86 Nigeria 0.20 0.07 5.16 0.05 4.83 0.40 0.20 Sel. Mideast 8/ 16.65 18.36 18.46 4.10 37.92 0.90 14.65 Southeast Asia 9/ 5.68 0.00 26.37 8.99 25.44 1.11 5.51 Selected Other India 9.80 98.51 1.17 5.00 95.68 0.57 13.23 Kazakhstan 3.54 14.80 0.10 2.10 6.90 9.00 2.54 2018/19 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 283.53 731.46 170.42 139.86 737.42 173.54 277.57 World Less China 152.34 600.03 167.28 119.86 612.42 172.54 137.81 United States 29.91 51.31 3.67 2.44 30.02 25.48 29.39 Total Foreign 253.63 680.15 166.75 137.41 707.40 148.07 248.19 Major Exporters 4/ 39.86 302.60 7.17 82.23 196.72 120.77 32.14 Argentina 0.47 19.50 0.01 0.05 6.05 12.19 1.74 Australia 5.51 17.30 0.36 5.70 9.20 9.01 4.96 Canada 6.73 32.20 0.48 3.98 8.97 24.40 6.04 European Union 5/ 13.89 136.86 5.76 52.00 123.20 23.31 10.00 Russia 12.03 71.69 0.45 18.00 40.50 35.84 7.82 Ukraine 1.24 25.06 0.11 2.50 8.80 16.02 1.59 Major Importers 6/ 177.03 200.27 111.26 38.44 294.49 12.33 181.74 Bangladesh 2.23 1.10 5.10 0.28 7.18 0.00 1.26 Brazil 1.31 5.43 7.02 0.50 12.10 0.60 1.06 China 131.20 131.43 3.15 20.00 125.00 1.01 139.77 Japan 1.18 0.86 5.73 0.68 6.53 0.29 0.95 N. Africa 7/ 14.86 21.00 26.95 2.25 46.15 1.19 15.47 Nigeria 0.20 0.06 4.59 0.05 4.25 0.40 0.20 Sel. Mideast 8/ 14.65 18.37 17.23 3.55 37.90 0.58 11.77 Southeast Asia 9/ 5.51 0.00 26.37 8.14 25.34 1.10 5.44 Selected Other India 13.23 99.87 0.02 5.00 95.63 0.50 16.99 Kazakhstan 2.54 13.95 0.09 1.80 6.60 8.30 1.68 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world import s and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes int ra-trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Ara bia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2020 WASDE - 598 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Feb 278.27 763.95 180.09 148.01 754.19 182.82 288.03 Mar 277.57 764.49 180.81 147.91 754.93 183.62 287.14 World Less China Feb 138.51 630.36 176.09 127.01 626.19 181.72 139.78 Mar 137.81 630.90 176.81 126.91 626.93 182.52 138.88 United States Feb 29.39 52.26 2.86 4.08 31.71 27.22 25.58 Mar 29.39 52.26 2.86 4.08 31.71 27.22 25.58 Total Foreign Feb 248.89 711.69 177.24 143.93 722.49 155.61 262.45 Mar 248.19 712.24 177.96 143.83 723.22 156.41 261.56 Major Exporters 4/ Feb 32.14 323.45 6.86 85.25 199.95 131.20 31.30 Mar 32.14 323.66 6.41 84.95 199.65 132.00 30.56 Argentina Feb 1.74 19.00 0.01 0.05 6.15 13.00 1.60 Mar 1.74 19.50 0.01 0.05 6.15 13.50 1.60 Australia Feb 4.96 15.60 0.55 5.20 8.70 8.20 4.21 Mar 4.96 15.20 0.55 5.20 8.70 8.00 4.01 Canada Feb 6.04 32.35 0.45 4.70 9.70 23.50 5.64 Mar 6.04 32.35 0.50 4.90 9.90 23.00 5.99 European Union 5/ Feb 10.00 154.00 5.30 55.50 127.00 32.00 10.30 Mar 10.00 154.00 4.80 55.00 126.50 32.00 10.30 Russia Feb 7.82 73.50 0.48 17.00 39.50 34.00 8.29 Mar 7.82 73.61 0.48 17.00 39.50 35.00 7.40 Ukraine Feb 1.59 29.00 0.08 2.80 8.90 20.50 1.26 Mar 1.59 29.00 0.08 2.80 8.90 20.50 1.26 Major Importers 6/ Feb 182.44 204.40 118.39 39.46 299.99 13.28 191.96 Mar 181.74 203.40 119.47 39.56 300.79 13.38 190.44 Bangladesh Feb 1.26 1.20 6.00 0.30 7.10 0.00 1.36 Mar 1.26 1.20 6.50 0.30 7.30 0.00 1.66 Brazil Feb 1.06 5.20 7.70 0.50 12.10 0.60 1.26 Mar 1.06 5.20 7.50 0.50 12.10 0.60 1.06 China Feb 139.77 133.59 4.00 21.00 128.00 1.10 148.26 Mar 139.77 133.59 4.00 21.00 128.00 1.10 148.26 Japan Feb 0.95 0.96 5.90 0.70 6.50 0.28 1.03 Mar 0.95 0.96 5.90 0.70 6.50 0.28 1.03 N. Africa 7/ Feb 15.47 18.47 27.40 2.25 46.75 0.99 13.61 Mar 15.47 18.47 26.90 2.25 46.75 0.99 13.11 Nigeria Feb 0.20 0.06 5.10 0.05 4.76 0.40 0.20 Mar 0.20 0.06 5.10 0.05 4.76 0.40 0.20 Sel. Mideast 8/ Feb 11.77 22.68 17.49 3.82 39.14 0.77 12.03 Mar 11.77 22.68 16.77 3.52 38.64 0.77 11.81 Southeast Asia 9/ Feb 5.44 0.00 27.00 7.84 25.69 1.04 5.71 Mar 5.44 0.00 27.00 7.84 25.69 1.04 5.71 Selected Other India Feb 16.99 102.19 0.02 6.00 98.00 0.50 20.70 Mar 16.99 103.60 0.02 6.00 98.00 0.50 22.11 Kazakhstan Feb 1.68 11.50 0.30 1.60 6.40 6.00 1.08 Mar 1.68 11.45 0.35 1.60 6.40 6.00 1.09 1/ Aggregate o f local ma rketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, P hilippines , Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, E gypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates , and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2020 WASDE - 598 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 385.81 1,361.55 187.78 835.01 1,376.14 185.27 371.22 World Less Chi na 162.31 1,095.83 171.35 637.46 1,093.54 185.21 148.24 United States 62.17 384.39 2.93 138.85 324.40 67.16 57.92 Total Foreign 323.64 977.16 184.85 696.16 1,051.73 118.12 313.30 Major Exporters 4/ 38.46 252.15 3.66 125.39 169.37 97.68 27.22 Argentina 6.70 39.32 0.01 11.98 17.61 24.91 3.50 Australia 2.65 12.19 0.00 3.94 5.81 6.74 2.29 Brazil 14.49 85.06 1.46 56.70 67.18 24.16 9.67 Canada 5.56 26.24 1.74 15.90 23.20 5.78 4.57 Russia 2.06 41.72 0.13 21.57 31.02 11.52 1.37 Ukraine 3.06 34.07 0.05 8.44 11.77 22.50 2.91 Major Importers 5/ 38.33 245.29 133.71 283.72 367.94 10.01 39.39 European Union 6/ 15.11 152.10 19.40 120.85 162.37 7.92 16.33 Japan 1.69 0.19 17.58 13.67 17.66 0.00 1.80 Mexico 6.00 33.19 16.36 29.20 48.41 0.96 6.18 N. Afr & Mideast 7/ 7.13 29.07 39.13 59.33 67.45 0.13 7.76 Saudi Arabia 2.54 0.26 11.99 12.28 12.70 0.00 2.08 Southeast Asia 8/ 3.41 30.20 14.54 36.37 44.59 1.01 2.56 South Korea 1.77 0.20 10.19 7.80 10.31 0.00 1.86 Selected Other China 223.49 265.72 16.43 197.55 282.60 0.06 222.98 2018/19 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 371.22 1,396.06 192.73 850.03 1,419.30 211.29 347.97 World Less China 148.24 1,131.54 182.19 654.58 1,131.93 211.22 137.38 United States 57.92 377.91 2.64 143.14 323.05 54.94 60.47 Total Foreign 313.30 1,018.15 190.10 706.89 1,096.26 156.34 287.50 Major Exporters 4/ 27.22 292.61 5.81 126.44 171.17 133.36 21.11 Argentina 3.50 59.22 0.01 12.48 18.34 40.43 3.96 Australia 2.29 10.93 0.00 4.74 6.81 4.09 2.34 Brazil 9.67 104.33 2.32 59.95 70.98 39.79 5.55 Canada 4.57 26.20 2.69 16.20 24.15 5.97 3.34 Russia 1.37 35.00 0.05 18.80 27.37 7.84 1.22 Ukraine 2.91 44.50 0.06 7.73 10.86 34.07 2.55 Major Importers 5/ 39.39 243.67 142.74 295.23 379.92 10.32 35.56 European Union 6/ 16.33 148.19 26.41 126.60 168.57 8.82 13.53 Japan 1.80 0.18 17.73 13.77 17.88 0.00 1.83 Mexico 6.18 33.40 17.41 31.27 50.51 0.72 5.76 N. Afr & Mideast 7/ 7.76 31.08 38.82 61.98 70.11 0.10 7.46 Saudi Arabia 2.08 0.29 10.17 10.65 11.10 0.00 1.45 Southeast Asia 8/ 2.56 30.25 16.64 37.89 45.92 0.68 2.84 South Korea 1.86 0.20 10.96 8.54 11.08 0.00 1.94 Selected Other China 222.98 264.51 10.54 195.45 287.37 0.07 210.59 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixe d grains ( for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and expor ts. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, an d reportin g discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ The European Union, Japa n, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes int ra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thaila nd, and Vietnam. March 2020 WASDE - 598 - 21 World Coarse Grain Supply and Use 1/ (Cont' d.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Feb 347.47 1,402.70 202.92 866.35 1,423.54 201.19 326.63 Mar 347.97 1,402.75 202.47 866.57 1,423.39 200.08 327.33 World Less China Feb 136.87 1,134.51 188.32 670.55 1,129.59 201.13 127.25 Mar 137.38 1,134.55 187.47 670.47 1,129.14 200.02 127.85 United States Feb 60.47 361.19 3.39 145.94 326.50 47.01 51.54 Mar 60.47 361.19 3.39 145.68 326.24 47.39 51.42 Total Foreign Feb 287.00 1,041.51 199.53 720.41 1,097.04 154.19 275.09 Mar 287.50 1,041.56 199.08 720.89 1,097.15 152.69 275.92 Major Exporters 4/ Feb 20.98 302.60 3.25 126.81 171.78 132.45 22.62 Mar 21.11 303.67 3.69 128.59 174.25 131.00 23.23 Argentina Feb 4.82 57.51 0.01 12.91 19.35 36.91 6.08 Mar 3.96 56.75 0.01 12.85 19.29 36.51 4.92 Australia Feb 2.35 9.96 0.00 4.12 6.09 4.15 2.07 Mar 2.34 10.56 0.00 4.32 6.29 4.35 2.26 Brazil Feb 4.94 104.35 1.90 59.37 70.50 36.01 4.68 Mar 5.55 104.35 1.90 59.87 71.00 36.01 4.79 Canada Feb 3.34 28.56 1.03 16.07 23.43 5.75 3.75 Mar 3.34 28.56 1.56 16.30 23.86 5.35 4.25 Russia Feb 1.22 40.77 0.09 20.44 28.94 11.47 1.67 Mar 1.22 40.50 0.09 21.44 30.39 9.44 1.98 Ukraine Feb 2.20 46.43 0.03 7.23 10.50 36.16 1.99 Mar 2.55 46.43 0.03 6.93 10.15 36.84 2.01 Major Impo rters 5/ Feb 35.39 254.16 147.35 304.06 389.86 11.20 35.83 Mar 35.56 254.16 145.91 302.80 388.60 11.35 35.68 European Union 6/ Feb 13.53 159.04 21.91 125.85 168.52 9.63 16.33 Mar 13.53 159.04 21.83 125.80 168.47 9.83 16.10 Japan Feb 1.83 0.20 17.77 13.96 18.07 0.00 1.72 Mar 1.83 0.20 17.77 13.96 18.07 0.00 1.72 Mexico Feb 5.76 30.60 18.50 31.96 51.14 0.70 3.02 Mar 5.76 30.60 18.50 31.96 51.14 0.70 3.02 N. Afr & Mideast 7/ Feb 7.46 33.16 43.09 66.99 75.42 0.14 8.14 Mar 7.46 33.16 42.84 66.99 75.42 0.14 7.89 Saudi Arabia Feb 1.45 0.27 12.51 12.25 12.71 0.00 1.52 Mar 1.45 0.27 11.51 11.15 11.61 0.00 1.62 Southeast Asia 8/ Feb 2.68 30.61 18.27 39.97 48.12 0.73 2.70 Mar 2.84 30.61 18.17 39.87 48.02 0.68 2.92 South Korea Feb 1.94 0.20 10.91 8.55 11.14 0.00 1.92 Mar 1.94 0.20 10.91 8.55 11.14 0.00 1.92 Selected Other China Feb 210.59 268.20 14.60 195.80 293.95 0.06 199.38 Mar 210.59 268.20 15.00 196.10 294.25 0.06 199.48 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, r ye, millet , and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ The European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Ph ilippines, Thailand, and Vietnam. March 2020 WASDE - 598 - 22 World Corn S upply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 351.96 1,080.10 149.93 672.36 1,090.45 148.24 341.60 World Less China 128.94 821.02 146.47 485.36 827.45 148.22 119.08 United States 58.25 371.10 0.92 134.73 313.98 61.92 54.37 Total Foreign 293.70 709.00 149.02 537.63 776.47 86.32 287.23 Major Exporters 4/ 25.37 164.42 1.18 81.63 102.58 72.26 16.12 Argentina 5.27 32.00 0.01 8.50 12.40 22.47 2.41 Brazil 14.02 82.00 0.92 54.00 63.50 24.15 9.28 Russia 0.78 13.20 0.05 7.40 8.30 5.53 0.20 South Africa 3.70 13.10 0.17 6.83 12.23 2.07 2.67 Ukraine 1.60 24.12 0.04 4.90 6.15 18.04 1.57 Major Imp orters 5/ 22.05 126.27 88.35 154.90 209.05 3.71 23.91 Egypt 1.89 6.40 9.46 13.40 15.90 0.01 1.85 European Union 6/ 7.60 62.01 18.47 57.00 76.50 1.75 9.82 Japan 1.32 0.00 15.67 12.00 15.60 0.00 1.39 Mexico 5.41 27.57 16.13 24.30 42.50 0.96 5.65 Southeast Asia 7/ 3.40 30.15 14.20 36.30 44.20 1.00 2.55 South Korea 1.76 0.07 10.02 7.70 10.00 0.00 1.85 Selected Other 0.00 Canada 2.57 14.10 1.67 8.84 13.99 1.94 2.42 China 223.02 259.07 3.46 187.00 263.00 0.02 222.53 2018/19 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 341.60 1,123.33 162.97 702.50 1,144.13 180.54 320.81 World Less Ch ina 119.08 866.00 158.48 511.50 870.13 180.52 110.49 United States 54.37 364.26 0.71 137.93 310.47 52.46 56.41 Total Foreign 287.23 759.07 162.26 564.57 833.66 128.08 264.40 Major Exporters 4/ 16.12 211.04 2.34 85.40 107.20 111.01 11.30 Argentina 2.41 51.00 0.01 9.70 13.80 37.00 2.61 Brazil 9.28 101.00 1.66 57.00 67.00 39.75 5.19 Russia 0.20 11.42 0.04 7.60 8.50 2.77 0.38 South Africa 2.67 11.82 0.60 6.50 12.10 1.17 1.83 Ukraine 1.57 35.81 0.04 4.60 5.80 30.32 1.29 Major Importers 5/ 23.91 129.20 98.91 170.70 225.30 5.03 21.69 Egypt 1.85 6.80 9.37 13.70 16.20 0.00 1.81 European Union 6/ 9.82 64.44 25.21 68.00 88.00 3.63 7.84 Japan 1.39 0.00 16.05 12.30 16.00 0.00 1.44 Mexico 5.65 27.60 16.66 25.90 44.10 0.72 5.09 Southeast Asia 7/ 2.55 30.20 16.26 37.80 45.50 0.68 2.83 South Korea 1.85 0.08 10.86 8.50 10.85 0.00 1.93 Selected Other 0.00 Canada 2.42 13.89 2.63 9.37 15.16 1.80 1.98 China 222.53 257.33 4.48 191.00 274.00 0.02 210.32 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2020 WASDE - 598 - 23 World Corn Supply a nd Use 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Feb 320.47 1,111.59 167.99 704.89 1,135.22 165.77 296.84 Mar 320.81 1,112.01 168.62 705.80 1,135.47 165.83 297.34 World Less China Feb 110.15 850.82 160.99 514.89 856.22 165.75 97.77 Mar 110.49 851.24 161.62 515.80 856.47 165.81 98.27 United States Feb 56.41 347.78 1.27 140.34 313.58 43.82 48.07 Mar 56.41 347.78 1.27 140.34 313.58 43.82 48.07 Total Foreign Feb 264.06 763.80 166.72 564.55 821.64 121.96 248.77 Mar 264.40 764.22 167.35 565.46 821.89 122.01 249.27 Major Exporters 4/ Feb 11.28 215.80 1.37 85.00 107.55 108.20 12.70 Mar 11.30 217.08 1.27 85.70 108.35 108.70 12.59 Argentina Feb 3.61 50.00 0.01 10.30 15.00 33.50 5.12 Mar 2.61 50.00 0.01 10.30 15.00 33.50 4.12 Brazil Feb 4.58 101.00 1.20 56.50 66.50 36.00 4.28 Mar 5.19 101.00 1.20 57.00 67.00 36.00 4.39 Russia Feb 0.38 14.50 0.04 7.80 8.75 5.70 0.47 Mar 0.38 14.28 0.04 8.30 9.30 4.70 0.69 South Africa Feb 1.77 14.50 0.10 6.60 12.30 2.00 2.07 Mar 1.83 16.00 0.00 6.80 12.60 2.50 2.73 Ukraine Feb 0.94 35.80 0.02 3.80 5.00 31.00 0.76 Mar 1.29 35.80 0.02 3.30 4.45 32.00 0.66 Major Importers 5/ Feb 21.52 127.12 97.40 168.00 223.05 4.24 18.75 Mar 21.69 127.12 97.20 167.90 222.85 4.29 18.87 Egypt Feb 1.81 6.40 9.90 14.20 16.70 0.01 1.40 Mar 1.81 6.40 9.90 14.20 16.70 0.01 1.40 European Union 6/ Feb 7.84 65.00 21.00 62.00 82.50 2.80 8.54 Mar 7.84 65.00 21.00 62.00 82.50 2.90 8.44 Japan Feb 1.44 0.00 16.00 12.40 16.10 0.00 1.34 Mar 1.44 0.00 16.00 12.40 16.10 0.00 1.34 Mexico Feb 5.09 25.00 17.50 26.50 44.50 0.70 2.39 Mar 5.09 25.00 17.50 26.50 44.50 0.70 2.39 Southeast Asia 7/ Feb 2.66 30.56 17.90 39.90 47.70 0.73 2.69 Mar 2.83 30.56 17.70 39.80 47.50 0.68 2.91 South Korea Feb 1.93 0.08 10.80 8.50 10.90 0.00 1.91 Mar 1.93 0.08 10.80 8.50 10.90 0.00 1.91 Selected Other Canada Feb 1.98 13.40 1.00 8.30 13.50 1.30 1.58 Mar 1.98 13.40 1.50 8.50 13.90 0.90 2.08 China Feb 210.32 260.77 7.00 190.00 279.00 0.02 199.07 Mar 210.32 260.77 7.00 190.00 279.00 0.02 199.07 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted t o reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, a nd reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukra ine. 5/ Eg ypt, the European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2020 WASDE - 598 - 24 World Rice S upply and Use (Milled Basis) 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 149.90 494.84 46.59 482.17 47.25 162.57 World Less China 51.40 345.96 41.09 339.66 45.88 53.57 United States 1.46 5.66 0.87 4.30 2.76 0.93 Total Foreign 148.44 489.18 45.71 477.87 44.48 161.64 Major Exporters 4/ 27.64 181.69 0.76 144.77 36.45 28.88 Burma 0.55 13.20 0.01 10.20 2.75 0.81 India 20.55 112.76 0.00 98.67 12.04 22.60 Pakistan 1.34 7.50 0.00 3.40 4.01 1.42 Thailand 4.24 20.58 0.25 11.00 11.06 3.01 Vietnam 0.97 27.66 0.50 21.50 6.59 1.03 Major Importers 5/ 108.69 241.11 21.35 248.11 1.80 121.25 China 98.50 148.87 5.50 142.51 1.36 109.00 European Union 6/ 1.19 2.03 2.01 3.70 0.35 1.18 Indonesia 2.92 37.00 2.35 38.10 0.00 4.16 Nigeria 1.86 4.73 2.00 6.90 0.00 1.69 Philippines 2.00 12.24 1.30 13.25 0.00 2.29 Sel. Mideast 7/ 0.86 2.22 3.62 5.80 0.00 0.91 Selected Other 0.00 Brazil 0.63 8.20 0.56 7.75 1.15 0.49 C. Amer & Carib 8/ 0.68 1.64 1.66 3.28 0.04 0.67 Egypt 1.43 4.30 0.09 4.20 0.05 1.56 Japan 2.41 7.79 0.69 8.60 0.06 2.22 Mexico 0.17 0.18 0.81 0.92 0.10 0.15 South Korea 2.00 3.97 0.40 4.75 0.06 1.56 2018/19 Est. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 162.57 499.37 43.01 486.62 43.46 175.32 World Less China 53.57 350.88 40.01 343.90 40.69 60.32 United States 0.93 7.11 0.92 4.57 2.97 1.42 Total Foreign 161.64 492.27 42.09 482.06 40.49 173.90 Major Exporters 4/ 28.88 185.06 0.66 146.16 31.56 36.88 Burma 0.81 13.18 0.01 10.40 2.50 1.10 India 22.60 116.48 0.00 99.16 10.42 29.50 Pakistan 1.42 7.30 0.00 3.30 4.50 0.92 Thailand 3.01 20.34 0.25 11.80 7.56 4.24 Vietnam 1.03 27.77 0.40 21.50 6.58 1.12 Major Importers 5/ 121.25 241.89 16.83 249.67 3.18 127.12 China 109.00 148.49 3.00 142.72 2.77 115.00 European Union 6/ 1.18 1.96 2.15 3.80 0.30 1.18 Indonesia 4.16 36.70 0.60 38.10 0.00 3.36 Nigeria 1.69 4.79 1.90 7.00 0.00 1.38 Philippines 2.29 11.73 3.60 14.10 0.00 3.52 Sel. Mideast 7/ 0.91 2.01 3.83 5.90 0.00 0.84 Selected Other 0.00 Brazil 0.49 7.14 0.90 7.47 0.83 0.23 C. Amer & Carib 8/ 0.67 1.68 1.76 3.42 0.04 0.65 Egypt 1.56 2.80 0.81 4.15 0.02 1.00 Japan 2.22 7.66 0.63 8.50 0.06 1.95 Mexico 0.15 0.19 0.74 0.92 0.03 0.14 South Korea 1.56 3.87 0.29 4.71 0.05 0.95 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Banglade sh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middl e East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. March 2020 WASDE - 598 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Feb 175.00 496.22 42.68 493.13 44.81 178.09 Mar 175.32 499.31 42.04 492.32 44.28 182.30 World Less China Feb 60.00 349.49 40.28 350.20 41.61 60.09 Mar 60.32 352.58 39.64 349.39 41.08 64.30 United States Feb 1.42 5.86 1.03 4.22 3.14 0.95 Mar 1.42 5.86 1.03 4.22 3.14 0.95 Total Foreign Feb 173.58 490.35 41.65 488.90 41.66 177.14 Mar 173.90 493.45 41.01 488.10 41.14 181.35 Major Exporters 4/ Feb 36.76 182.60 0.66 149.55 32.70 37.77 Mar 36.88 185.60 0.66 149.05 32.10 41.99 Burma Feb 1.10 13.30 0.01 10.55 2.60 1.26 Mar 1.10 13.30 0.01 10.55 2.70 1.16 India Feb 29.50 115.00 0.00 102.50 11.20 30.80 Mar 29.50 118.00 0.00 102.00 10.50 35.00 Pakistan Feb 0.92 7.50 0.00 3.30 4.40 0.72 Mar 0.92 7.50 0.00 3.30 4.40 0.72 Thailand Feb 4.24 18.50 0.25 11.70 7.50 3.79 Mar 4.24 18.50 0.25 11.70 7.50 3.79 Vietnam Feb 1.00 28.30 0.40 21.50 7.00 1.20 Mar 1.12 28.30 0.40 21.50 7.00 1.32 Major Importers 5/ Feb 126.97 241.64 15.04 250.41 3.61 129.63 Mar 127.12 241.64 14.86 250.38 3.61 129.63 China Feb 115.00 146.73 2.40 142.93 3.20 118.00 Mar 115.00 146.73 2.40 142.93 3.20 118.00 European Union 6/ Feb 1.18 1.97 2.20 3.90 0.30 1.15 Mar 1.18 1.97 2.20 3.90 0.30 1.15 Indonesia Feb 3.26 36.50 1.00 37.70 0.00 3.06 Mar 3.36 36.50 1.00 37.80 0.00 3.06 Nigeria Feb 1.38 4.90 1.80 7.00 0.00 1.08 Mar 1.38 4.90 1.50 6.80 0.00 0.98 Philippines Feb 3.52 12.00 2.60 14.40 0.00 3.72 Mar 3.52 12.00 2.60 14.40 0.00 3.72 Sel. Mideast 7/ Feb 0.80 2.29 3.63 6.03 0.00 0.69 Mar 0.84 2.29 3.75 6.10 0.00 0.79 Selected Other Brazil Feb 0.23 7.14 1.10 7.50 0.60 0.37 Mar 0.23 7.14 1.10 7.50 0.60 0.37 C. Amer & Carib 8/ Feb 0.66 1.52 1.95 3.45 0.03 0.65 Mar 0.65 1.52 1.95 3.45 0.03 0.64 Egypt Feb 1.00 4.30 0.20 4.35 0.10 1.05 Mar 1.00 4.30 0.20 4.35 0.10 1.05 Japan Feb 1.95 7.80 0.69 8.40 0.07 1.97 Mar 1.95 7.80 0.69 8.40 0.07 1.97 Mexico Feb 0.14 0.18 0.79 0.93 0.01 0.16 Mar 0.14 0.18 0.79 0.93 0.01 0.16 South Korea Feb 1.02 3.74 0.41 4.40 0.06 0.72 Mar 0.95 3.74 0.55 4.45 0.06 0.74 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vie tnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean coun tries. March 2020 WASDE - 598 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2017/18 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 80.29 123.78 41.16 122.76 41.51 0.12 80.84 World Less China 34.37 96.28 35.45 81.76 41.38 0.12 42.84 United States 2.75 20.92 3/ 3.23 16.28 -0.03 4.20 Total Foreign 77.54 102.86 41.16 119.54 25.24 0.15 76.64 Major Exporters 4/ 21.90 57.10 2.47 32.75 21.86 0.02 26.84 Central Asia 5/ 2.18 6.50 3/ 3.38 2.63 0.00 2.67 Afr. Fr. Zone 6/ 1.46 5.44 3/ 0.14 5.06 0.00 1.70 S. Hemis. 7/ 10.18 15.70 0.24 4.44 8.65 0.01 13.01 Australia 2.19 4.80 3/ 0.04 3.92 0.00 3.04 Brazil 6.93 9.22 0.08 3.40 4.17 0.00 8.66 India 7.88 29.00 1.68 24.15 5.18 0.00 9.23 Major Importers 8/ 54.18 42.93 36.05 82.74 2.35 0.12 47.95 Mexico 0.45 1.56 0.93 1.90 0.35 0.03 0.66 China 45.92 27.50 5.71 41.00 0.14 0.00 37.99 European Union 9/ 0.19 1.53 0.73 0.75 1.37 0.04 0.30 Turkey 1.53 4.00 4.02 7.45 0.33 0.00 1.78 Pakistan 2.32 8.20 3.40 10.90 0.16 0.03 2.83 Indonesia 0.62 3/ 3.52 3.50 0.01 0.00 0.63 Thailand 0.20 3/ 1.15 1.13 0.00 0.03 0.20 Bangladesh 1.63 0.14 7.60 7.50 0.00 0.01 1.86 Vietnam 0.88 3/ 7.00 6.60 0.00 0.00 1.29 2018/19 Est. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 80.84 118.61 42.50 120.30 41.35 0.12 80.18 World Less China 42.84 90.86 32.86 80.80 41.14 0.12 44.51 United States 4.20 18.37 3/ 2.98 14.76 -0.02 4.85 Total Foreign 76.64 100.24 42.50 117.33 26.59 0.14 75.33 Major Exporters 4/ 26.84 54.62 2.50 32.99 22.37 0.02 28.57 Central Asia 5/ 2.67 5.44 3/ 3.80 2.01 0.00 2.31 Afr. Fr. Zone 6/ 1.70 5.42 3/ 0.14 5.55 0.00 1.44 S. Hemis. 7/ 13.01 17.31 0.18 4.39 10.86 0.01 15.23 Australia 3.04 2.20 3/ 0.04 3.63 0.00 1.57 Brazil 8.66 13.00 0.02 3.40 6.02 0.00 12.26 India 9.23 25.80 1.80 24.00 3.51 0.00 9.31 Major Importers 8/ 47.95 42.65 37.46 80.16 2.99 0.11 44.80 Mexico 0.66 1.74 0.85 1.95 0.50 0.03 0.77 China 37.99 27.75 9.64 39.50 0.21 0.00 35.67 European Union 9/ 0.30 1.72 0.64 0.69 1.72 0.03 0.23 Turkey 1.78 3.70 3.50 6.90 0.48 0.00 1.59 Pakistan 2.83 7.60 2.85 10.70 0.06 0.03 2.50 Indonesia 0.63 3/ 3.05 3.15 0.01 0.00 0.53 Thailand 0.20 3/ 1.08 1.08 0.00 0.03 0.18 Bangladesh 1.86 0.14 7.20 7.40 0.00 0.01 1.78 Vietnam 1.29 3/ 6.90 7.00 0.00 0.00 1.19 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factor s. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit s tocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Nige r, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regi ons listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. March 2020 WASDE - 598 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2019/20 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Feb 79.99 121.33 43.55 119.01 43.54 0.19 82.12 Mar 80.18 121.59 43.57 118.16 43.60 0.19 83.40 World Less China Feb 44.32 94.08 35.05 81.51 43.37 0.19 48.38 Mar 44.51 94.34 35.32 81.66 43.42 0.19 48.90 United States Feb 4.85 20.10 0.01 3.00 16.50 0.06 5.40 Mar 4.85 19.80 0.01 3.00 16.50 0.06 5.10 filler filler filler filler filler filler filler Total Foreign Feb 75.14 101.23 43.54 116.01 27.04 0.13 76.72 Mar 75.33 101.79 43.57 115.16 27.10 0.13 78.30 Major Exporters 4/ Feb 28.57 57.21 2.98 34.05 22.67 0.02 32.02 Mar 28.57 57.81 2.98 34.05 22.70 0.02 32.58 Central Asia 5/ Feb 2.31 5.86 3/ 4.34 1.69 0.00 2.14 Mar 2.31 6.01 3/ 4.35 1.74 0.00 2.23 Afr. Fr. Zone 6/ Feb 1.44 5.87 3/ 0.14 5.60 0.00 1.56 Mar 1.44 6.10 3/ 0.14 5.71 0.00 1.69 S. Hemis. 7/ Feb 15.24 15.49 0.18 4.38 11.49 0.01 15.04 Mar 15.23 15.71 0.18 4.38 11.36 0.01 15.38 Australia Feb 1.57 0.68 3/ 0.04 1.30 0.00 0.91 Mar 1.57 0.68 3/ 0.04 1.30 0.00 0.91 filler filler filler filler filler filler filler Brazil Feb 12.26 12.70 0.03 3.40 8.90 0.00 12.68 Mar 12.26 13.00 0.03 3.40 8.80 0.00 13.08 India Feb 9.31 29.50 2.30 24.50 3.60 0.00 13.01 Mar 9.31 29.50 2.30 24.50 3.60 0.00 13.01 Major Importers 8/ Feb 44.60 40.93 37.73 77.76 2.89 0.11 42.50 Mar 44.80 40.93 37.73 76.91 2.91 0.11 43.53 Mexico Feb 0.77 1.57 0.80 1.95 0.43 0.03 0.74 Mar 0.77 1.57 0.80 1.95 0.43 0.03 0.74 China Feb 35.67 27.25 8.50 37.50 0.18 0.00 33.75 Mar 35.67 27.25 8.25 36.50 0.18 0.00 34.50 European Union 9/ Feb 0.23 1.96 0.65 0.69 1.81 0.03 0.31 Mar 0.23 1.96 0.65 0.69 1.83 0.03 0.29 Turkey Feb 1.59 3.40 4.10 7.20 0.35 0.00 1.54 Mar 1.59 3.40 4.30 7.30 0.35 0.00 1.64 Pakistan Feb 2.50 6.60 4.20 10.80 0.10 0.03 2.37 Mar 2.50 6.60 4.20 10.80 0.10 0.03 2.37 Indonesia Feb 0.53 3/ 3.05 3.05 0.01 0.00 0.53 Mar 0.53 3/ 3.00 3.00 0.01 0.00 0.53 Thailand Feb 0.18 3/ 0.98 0.98 0.00 0.03 0.15 Mar 0.18 3/ 0.95 0.95 0.00 0.03 0.15 Banglades h Feb 1.58 0.14 7.20 7.30 0.00 0.01 1.61 Mar 1.78 0.14 7.30 7.40 0.00 0.01 1.81 Vietnam Feb 1.19 3/ 6.80 6.80 0.00 0.00 1.19 Mar 1.19 3/ 6.80 6.80 0.00 0.00 1.19 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply les s total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, an d Taiwan. 9/ Includes intra-EU trade. March 2020 WASDE - 598 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 94.83 342.09 153.26 294.64 338.07 153.07 99.05 World Less China 74.71 326.81 59.17 204.64 231.77 152.93 75.98 United States 8.21 120.07 0.59 55.93 58.87 58.07 11.92 Total Foreign 86.62 222.02 152.67 238.71 279.20 94.99 87.12 Major Exp orters 3/ 60.21 171.61 4.89 85.08 94.17 85.55 56.99 Argentina 27.00 37.80 4.70 36.93 43.63 2.13 23.73 Brazil 33.21 122.00 0.18 44.21 46.51 76.14 32.74 Paraguay 0.00 10.48 0.01 3.87 3.95 6.03 0.51 Major Importers 4/ 22.79 19.19 124.49 116.06 140.35 0.43 25.69 China 20.12 15.28 94.10 90.00 106.30 0.13 23.06 European Union 1.15 2.54 14.58 14.95 16.60 0.28 1.40 Southeast As ia 1.15 0.69 7.68 3.46 8.64 0.02 0.86 Mexico 0.15 0.43 4.87 5.25 5.29 0.00 0.17 2018/19 Est. Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 99.05 358.65 145.40 297.48 342.88 148.33 111.88 World Less China 75.98 342.68 62.86 212.48 240.88 148.21 92.42 United St ates 11.92 120.52 0.38 56.94 60.52 47.56 24.74 Total Foreign 87.12 238.13 145.01 240.55 282.37 100.77 87.14 Major Exporters 3/ 56.99 183.98 6.56 87.01 96.31 91.35 59.88 Argentina 23.73 55.30 6.41 40.57 47.45 9.10 28.89 Brazil 32.74 117.00 0.14 42.47 44.81 74.59 30.48 Paraguay 0.51 8.85 0.01 3.90 3.97 4.90 0.50 Major Importers 4/ 25.69 19.84 115.44 112.90 138.08 0.33 22.56 China 23.06 15.97 82.54 85.00 102.00 0.12 19.46 European Union 1.40 2.66 15.00 15.50 17.16 0.18 1.73 Southeast Asia 0.86 0.66 8.69 3.85 9.19 0.04 0.97 Mexico 0.17 0.34 5.91 6.15 6.20 0.00 0.22 2019/20 Proj. Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ Feb 111.22 339.40 150.80 304.33 351.06 151.50 98.86 Mar 111.88 341.76 150.75 303.45 350.07 151.88 102.44 World Less China Feb 91.77 321.30 62.80 218.33 247.36 151.38 77.13 Mar 92.42 323.66 62.75 217.45 246.37 151.75 80.71 United States Feb 24.74 96.84 0.41 57.29 60.77 49.67 11.55 Mar 24.74 96.84 0.41 57.29 60.76 49.67 11.56 Total Foreign Feb 86.48 242.56 150.39 247.04 290.30 101.84 87.31 Mar 87.14 244.92 150.34 246.16 289.31 102.21 90.88 Major Exporters 3/ Feb 59.81 190.10 4.06 92.33 102.16 93.23 58.58 Mar 59.88 192.10 4.06 91.33 101.16 93.23 61.65 Argentina Feb 28.89 53.00 3.90 44.60 51.70 8.20 25.89 Mar 28.89 54.00 3.90 43.60 50.70 8.20 27.89 Brazil Feb 30.42 125.00 0.15 43.75 46.40 77.00 32.17 Mar 30.48 126.00 0.15 43.75 46.40 77.00 33.23 Paraguay Feb 0.50 9.90 0.01 3.90 3.98 5.90 0.53 Mar 0.50 9.90 0.01 3.90 3.98 5.90 0.53 Major Importers 4/ Feb 22.06 21.83 121.84 114.59 140.74 0.42 24.57 Mar 22.56 21.83 121.84 114.59 140.74 0.42 25.07 China Feb 19.46 18.10 88.00 86.00 103.70 0.13 21.73 Mar 19.46 18.10 88.00 86.00 103.70 0.13 21.73 European Union Feb 1.23 2.60 15.20 15.90 17.61 0.25 1.17 Mar 1.73 2.60 15.20 15.90 17.61 0.25 1.67 Southeast Asia Feb 0.97 0.64 9.29 4.06 9.61 0.04 1.25 Mar 0.97 0.64 9.29 4.06 9.61 0.04 1.25 Mexico Feb 0.22 0.24 6.00 6.20 6.25 0.00 0.20 Mar 0.22 0.24 6.00 6.20 6.25 0.00 0.20 1/ Data based on local marketing years except Argentina and Brazil which are adjus ted to an October-September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Para guay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to rounding . March 2020 WASDE - 598 - 29 World Soybean Meal Supp ly and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.77 232.47 60.60 228.45 64.79 13.60 World Less China 13.77 161.19 60.57 158.34 63.60 13.60 United States 0.36 44.66 0.44 32.24 12.72 0.50 Total Foreign 13.41 187.81 60.16 196.21 52.08 13.09 Major Exporters 3/ 7.30 68.86 0.03 25.05 44.16 6.99 Argentina 3.34 28.40 0.00 3.00 26.27 2.48 Brazil 3.32 34.30 0.02 17.31 16.03 4.30 India 0.65 6.16 0.01 4.74 1.86 0.22 Major Importers 4/ 1.88 20.48 38.66 58.78 0.61 1.63 European Union 0.49 11.81 18.35 30.04 0.40 0.21 Mexico 0.04 4.15 1.82 5.95 0.02 0.04 Southeast Asia 5/ 1.26 2.70 16.76 19.34 0.20 1.19 2018/19 Est. Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.60 233.33 62.97 230.07 67.24 12.59 World Less China 13.60 166.01 62.95 163.66 66.31 12.59 United States 0.50 44.28 0.62 32.75 12.30 0.37 Total Foreign 13.09 189.05 62.35 197.32 54.95 12.22 Major Exporters 3/ 6.99 71.79 0.07 26.03 47.01 5.82 Argentina 2.48 31.20 0.00 3.10 28.83 1.74 Brazil 4.30 32.91 0.02 17.65 15.97 3.61 India 0.22 7.68 0.05 5.28 2.20 0.47 Major Importers 4/ 1.63 21.92 39.60 60.43 0.56 2.15 European Union 0.21 12.25 18.70 30.44 0.37 0.34 Mexico 0.04 4.86 1.93 6.58 0.01 0.25 Southeast A sia 5/ 1.19 3.00 17.34 19.96 0.18 1.40 2019/20 Proj. Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ Feb 12.91 239.17 64.63 237.25 67.80 11.66 Mar 12.59 238.49 63.78 236.64 66.89 11.33 World Less China Feb 12.91 171.06 64.60 170.06 66.85 11.66 Mar 12.59 170.38 63.77 169.49 65.91 11.33 United States Feb 0.37 44.88 0.45 33.38 11.98 0.34 Mar 0.37 44.88 0.45 33.38 11.98 0.34 Total Foreign Feb 12.55 194.29 64.17 203.86 55.83 11.32 Mar 12.22 193.61 63.33 203.26 54.91 10.99 Major Exporters 3/ Feb 5.87 74.65 0.08 27.11 47.70 5.79 Mar 5.82 74.12 0.08 27.25 46.85 5.91 Argentina Feb 1.74 34.30 0.00 3.28 30.85 1.91 Mar 1.74 33.53 0.00 3.28 30.00 1.99 Brazil Feb 3.66 33.95 0.03 18.48 15.40 3.76 Mar 3.61 33.95 0.03 18.48 15.40 3.71 India Feb 0.47 6.40 0.05 5.35 1.45 0.12 Mar 0.47 6.64 0.05 5.49 1.45 0.22 Major Importers 4/ Feb 2.34 22.46 40.60 62.71 0.54 2.15 Mar 2.15 22.46 40.03 62.25 0.49 1.90 European Union Feb 0.74 12.56 19.00 31.34 0.30 0.66 Mar 0.34 12.56 18.70 31.14 0.30 0.16 Mexico Feb 0.25 4.90 1.98 6.93 0.01 0.20 Mar 0.25 4.90 1.98 6.93 0.01 0.20 Southeast Asia 5/ Feb 1.20 3.17 17.94 20.93 0.23 1.15 Mar 1.40 3.17 17.68 20.66 0.18 1.40 1/ Data based on local marketing years ex cept for A rgentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Japan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to r ounding. March 2020 WASDE - 598 - 30 World So ybean Oil Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 3.79 55.11 9.85 54.72 10.54 3.49 World Less China 3.12 38.98 9.37 38.22 10.32 2.92 United Sta tes 0.78 10.78 0.15 9.70 1.11 0.91 Total Foreign 3.01 44.33 9.70 45.02 9.43 2.59 Major Exporters 3/ 0.75 19.30 0.35 12.29 7.28 0.82 Argentina 0.28 7.24 0.00 3.08 4.16 0.27 Brazil 0.29 8.49 0.05 6.94 1.51 0.37 European Unio n 0.15 2.84 0.28 2.23 0.90 0.15 Major Importers 4/ 1.36 18.44 5.87 24.45 0.27 0.94 China 0.67 16.13 0.48 16.50 0.21 0.57 India 0.48 1.39 2.98 4.72 0.01 0.12 North Africa 5/ 0.12 0.70 1.54 2.14 0.06 0.16 2018/19 Est. Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 3.49 55.63 10.56 55.16 10.96 3.55 World Less China 2.92 40.39 9.78 39.28 10.76 3.05 United States 0.91 10.98 0.18 10.38 0.88 0.81 Total Foreign 2.59 44.65 10.38 44.79 10.08 2.75 Major Exporters 3/ 0.82 19.71 0.47 12.24 7.78 0.97 Argentina 0.27 7.91 0.00 2.57 5.26 0.35 Brazil 0.37 8.15 0.02 7.17 1.08 0.30 European Union 0.15 2.95 0.42 2.46 0.79 0.27 Major Importers 4/ 0.94 18.00 6.41 24.13 0.26 0.96 China 0.57 15.23 0.78 15.89 0.20 0.50 India 0.12 1.73 3.10 4.81 0.01 0.13 North Africa 5/ 0.16 0.75 1.49 2.21 0.06 0.13 2019/20 Proj. Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ Feb 3.57 56.95 11.51 56.78 11.85 3.41 Mar 3.55 56.78 11.17 56.63 11.55 3.32 World Less China Feb 3.07 41.54 10.41 40.37 11.70 2.95 Mar 3.05 41.37 10.07 40.23 11.40 2.86 United States Feb 0.81 11.02 0.20 10.48 0.86 0.69 Mar 0.81 11.02 0.20 10.39 0.95 0.69 Total Foreign Feb 2.77 45.94 11.31 46.30 10.99 2.72 Mar 2.75 45.76 10.96 46.24 10.59 2.63 Major Exporters 3/ Feb 0.98 20.86 0.41 12.46 8.71 1.08 Mar 0.97 20.66 0.41 12.63 8.36 1.05 Argentina Feb 0.35 8.70 0.00 2.59 6.00 0.46 Mar 0.35 8.50 0.00 2.59 5.80 0.46 Brazil Feb 0.33 8.40 0.05 7.35 1.10 0.33 Mar 0.30 8.40 0.03 7.45 1.00 0.28 European Union Feb 0.25 3.02 0.35 2.46 0.90 0.27 Mar 0.27 3.02 0.38 2.53 0.85 0.29 Major Im porters 4/ Feb 0.96 18.00 7.22 25.13 0.22 0.84 Mar 0.96 18.05 6.87 24.90 0.22 0.77 China Feb 0.50 15.41 1.10 16.40 0.15 0.46 Mar 0.50 15.41 1.10 16.40 0.15 0.46 India Feb 0.13 1.44 3.50 4.95 0.01 0.12 Mar 0.13 1.50 3.50 5.00 0.01 0.12 North Africa 5/ Feb 0.13 0.77 1.57 2.30 0.06 0.12 Mar 0.13 0.77 1.57 2.30 0.06 0.12 1/ Data based on local marketing years except for Argentina and Brazil wh ich are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Afric a. 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. March 2020 WASDE - 598 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2018 Annual 26,872 26,315 53,417 42,601 5,878 49,018 102,435 9,205 217.6 2019 I 6,414 6,838 13,308 10,384 1,446 11,957 25,265 2,335 54.4 II 6,814 6,615 13,487 10,945 1,451 12,529 26,016 2,351 55.7 III 6,923 6,706 13,683 11,402 1,453 12,992 26,675 2,347 54.2 IV 7,000 7,478 14,534 11,175 1,467 12,773 27,306 2,414 54.0 Annual Feb Est. 27,151 27,637 55,011 43,877 5,816 50,216 105,227 9,394 218.3 Mar Est. 27,151 27,637 55,011 43,905 5,818 50,251 105,262 9,447 218.4 2020 I* 6,845 7,380 14,280 11,250 1,460 12,836 27,116 2,360 55.7 II* 7,185 6,865 14,103 11,525 1,460 13,122 27,225 2,390 56.9 III* 6,825 7,015 13,894 11,800 1,485 13,427 27,321 2,410 55.0 IV* 6,845 7,725 14,628 11,500 1,515 13,145 27,773 2,445 54.7 Annual Feb Proj. 27,480 28,885 56,588 45,775 5,890 52,200 108,788 9,565 222.0 Mar Proj. 27,700 28,985 56,905 46,075 5,920 52,530 109,435 9,605 222.3 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quar ter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2018 Annual 117.12 45.93 97.8 80.2 137.6 16.27 2019 I 125.27 40.67 94.0 82.8 107.3 16.97 II 118.79 57.95 97.7 85.5 69.7 17.93 III 108.16 50.08 82.0 90.8 81.9 18.97 IV 114.88 43.11 80.6 97.8 117.2 20.53 Annual Feb Est. 116.78 47.95 88.6 89.2 94.0 18.60 Mar Est. 116.78 47.95 88.6 89.2 94.0 18.60 2020 I* 118.00 42.00 86.0 97.0 110.0 18.80 II* 114.00 51.00 90.0 100.0 89.0 17.90 III* 111.00 54.00 80.0 101.0 105.0 18.05 IV* 114.00 44.00 75.0 103.0 120.0 18.20 Annual Feb Proj. 117.0 49.0 87.0 100.5 99.5 18.85 Mar Proj. 114.5 48.0 83.0 100.5 106.0 18.25 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A l arge, New York, volume buyers. 7/ Prices received by farmers for all milk. March 2020 WASDE - 598 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pound s /4 Beef 2018 649 26,938 2,998 30,585 3,161 662 26,762 57.2 2019 Est. Feb 662 27,217 3,057 30,936 3,022 643 27,271 57.9 Mar 662 27,217 3,057 30,936 3,022 642 27,272 58.0 2020 Proj. Feb 643 27,546 2,880 31,069 3,300 640 27,129 57.3 Mar 642 27,766 2,915 31,323 3,265 640 27,418 57.9 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2018 554 26,330 1,042 27,926 5,876 559 21,491 50.9 2019 Est. Feb 559 27,651 945 29,155 6,321 646 22,187 52.3 Mar 559 27,651 945 29,155 6,321 646 22,187 52.3 2020 Proj. Feb 646 28,899 835 30,380 7,375 675 22,330 52.3 Mar 646 28,999 815 30,460 7,750 655 22,055 51.6 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2018 1,246 53,507 4,313 59,066 9,043 1,266 48,757 109.5 2019 Est. Feb 1,266 55,101 4,274 60,640 9,349 1,330 49,961 111.6 Mar 1,266 55,101 4,274 60,640 9,349 1,330 49,962 111.6 2020 Proj. Feb 1,330 56,678 3,972 61,980 10,682 1,357 49,941 110.9 Mar 1,330 56,995 3,992 62,316 11,021 1,337 49,959 110.8 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2018 856 42,145 139 43,140 7,069 845 35,227 92.4 2019 Est. Feb 845 43,408 131 44,383 7,109 921 36,353 94.8 Mar 845 43,435 131 44,411 7,109 937 36,365 94.8 2020 Proj. Feb 921 45,285 134 46,340 7,425 915 38,000 98.5 Mar 937 45,582 131 46,650 7,430 940 38,280 99.2 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2018 310 5,878 19 6,206 611 303 5,293 16.2 2019 Est. Feb 303 5,816 12 6,131 639 233 5,259 16.0 Mar 303 5,818 12 6,133 639 233 5,261 16.0 2020 Proj. Feb 233 5,890 12 6,135 660 245 5,230 15.8 Mar 233 5,920 12 6,165 650 240 5,275 15.9 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2018 1,170 48,562 160 49,892 7,764 1,153 40,975 110.0 2019 Est. Feb 1,153 49,746 146 51,045 7,829 1,160 42,056 112.1 Mar 1,153 49,781 146 51,080 7,829 1,175 42,076 112.2 2020 Proj. Feb 1,160 51,710 149 53,018 8,165 1,166 43,687 115.7 Mar 1,175 52,036 146 53,357 8,152 1,187 44,018 116.5 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2018 2,416 102,069 4,473 108,958 16,807 2,419 89,732 219.5 2019 Est. Feb 2,419 104,847 4,420 111,685 17,179 2,489 92,017 223.7 Mar 2,419 104,881 4,420 111,720 17,179 2,504 92,037 223.7 2020 Proj. Feb 2,489 108,388 4,121 114,998 18,847 2,523 93,628 226.5 Mar 2,504 109,031 4,138 115,674 19,173 2,524 93,977 227.4 1/ Total including farm production for red meat s and, for poultry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for re d meats and certified ready -to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. March 2020 WASDE - 598 - 33 U.S. Egg Supply and Use Commodity 2017 2018 2019 Est. 2019 Est. 2020 Proj. 2020 Proj. Feb Mar Feb Mar Eggs Million Dozen Supply Beginning Stocks 142.2 87.5 78.8 78.8 108.7 108.7 Production 8,947.2 9,205.0 9,394.0 9,447.5 9,565.0 9,605.0 Imports 34.2 17.8 14.5 14.5 16.0 14.0 Total Supply 9,123.6 9,310.3 9,487.3 9,540.8 9,689.7 9,727.7 Use Exports 354.9 333.1 334.1 334.1 310.0 315.0 Hatching Use 1,035.2 1,057.5 1,079.4 1,079.4 1,110.0 1,120.0 Ending Stocks 87.5 78.8 108.7 108.7 121.0 126.0 Disappearanc e Total 7,646.0 7,841.0 7,965.2 8,018.6 8,148.7 8,166.7 Per Capita (number) 282.0 287.4 290.1 292.1 295.1 295.7 Total U.S. Milk Supply and Use Commodity 2017 2018 2019 Est. 2019 Est. 2020 Proj. 2020 Proj. Feb Mar Feb Mar Milk Billion Pounds Production 215.5 217.6 218.3 218.4 222.0 222.3 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 12.7 13.4 13.8 13.8 13.6 13.7 Marketings 214.5 216.5 217.3 217.4 221.0 221.2 Imports 6.0 6.3 7.0 7.0 6.3 6.8 Total Cml. Supply 233.2 236.2 238.0 238.1 241.0 241.7 Fat Basis Use Commercial Exports 9.2 10.4 9.1 9.1 9.4 9.2 Ending Commercial Stocks 13.4 13.8 13.6 13.7 13.4 14.1 CCC Donations 0.0 0.0 0.2 0.2 0.3 0.3 Domestic Commercial Use 210.6 212.1 215.1 215.1 217.9 218.2 Skim-solid Basis Supply Beg. Commercial Stocks 9.5 11.8 10.7 10.7 10.2 10.2 Marketings 214.5 216.5 217.3 217.4 221.0 221.2 Imports 6.1 5.5 5.8 5.8 5.5 5.6 Total Cml. Supply 230.1 233.8 233.8 233.9 236.7 237.1 Skim-solid Basis Use Commercial Exports 40.8 44.7 41.6 41.6 43.6 43.9 Ending Commercial Stocks 11.8 10.7 10.2 10.2 10.3 10.4 CCC Donations 0.0 0.0 0.2 0.2 0.1 0.1 Domestic Comme rcial Use 177.5 178.5 181.8 181.9 182.7 182.7 Total Note: Totals may not add due to rounding. March 2020 WASDE - 598 - 34 U.S. Dairy Prices Commodity 2017 2018 2019 Est. 2019 Est. 2020 Proj. 2020 Proj . Feb Mar Feb Mar Product Prices 1/ Dollars Per Pound Cheese 1.6344 1.5377 1.7586 1.7586 1.790 1.755 Butter 2.3303 2.2572 2.2431 2.2431 1.910 1.845 Nonfat Dry Milk 0.8666 0.7945 1.0419 1.0419 1.255 1.175 Dry Whey 0.4437 0.3422 0.3799 0.3799 0.345 0.355 Filler Dollar s Per Cwt Milk Prices 2/ Class III 16.17 14.61 16.96 16.96 16.95 16.65 Class IV 15.16 14.23 16.30 16.30 16.70 15.75 All Milk 3/ 17.65 16.27 18.60 18.60 18.85 18.25 1/ Simple average of monthly prices ca lculated by AMS from weekly average d airy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective cla sses. All milk price is the simple av erage of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . March 2020 WASDE - 598 - 35 Reliability of March Projections 1 / Note: Tables on pages 35 -37 present a record of the March projection and the final Estimate. Using world wheat production as an example, the "root mea n square error" means that chances are 2 out of 3 that the current forecas t will not be above or below the final estimate by more than 0.6 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 0.9 percent. The average difference between the March projection and the final estimate is 2.5 mil lion tons, ranging fro m 0 millio n to 8 million tons. The March projection has been below the estimate 28 times and above 10 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 0.6 0.9 2.5 0.0 8.0 28 10 U.S. 0.1 0.2 0.1 0.0 0.3 16 11 Foreign 0.6 1.1 2.4 0.1 8.0 28 10 Exports World 4.3 7.3 4.3 0.0 17.0 31 7 U.S. 3.2 5.4 0.8 0.0 2.4 20 17 Foreign 5.2 8.8 4.1 0.1 16.0 29 9 Domestic Use World 0.9 1.6 4.3 0.2 12.2 16 22 U.S. 3.8 6.5 0.9 0.0 2.4 14 24 Foreign 0.9 1.6 4.1 0.1 11.5 21 17 Ending Stocks World 4.2 7.0 5.4 0.2 14.1 27 11 U.S. 8.1 13.8 1.1 0.0 4.5 23 15 Foreign 4.5 7.6 4.7 0.0 13.5 26 11 COARSE GRAINS 2/ Production World 1.2 2.1 10.7 0.5 35.1 32 6 U.S. 0.2 0.3 0.1 0.0 1.3 17 7 Foreign 1.7 2.9 10.7 0.5 35.1 32 6 Exports World 5.3 8.9 5.4 0.0 24.2 27 11 U.S. 8.4 14.3 3.4 0.0 9.1 18 20 Foreign 8.5 14.4 5.2 0.1 21.5 25 13 Domestic Use World 1.0 1.7 7.3 0.1 24.2 22 16 U.S. 2.9 4.9 4.0 0.2 17.3 13 25 Foreign 1.1 1.9 6.9 0.4 24.6 26 12 Ending Stocks World 10.6 17.9 14.3 0.6 143.8 33 5 U.S. 13.4 22.7 4.6 0.1 15.3 22 16 Foreign 12.9 21.9 11.8 0.5 142.1 34 4 RICE, mille d Production World 1.3 2.3 3.5 0.2 13.8 28 10 U.S. 1.3 2.2 0.0 0.0 0.2 11 6 Foreign 1.4 2.3 3.5 0.1 13.8 28 10 Exports World 8.1 13.8 1.5 0.1 5.3 30 8 U.S. 7.2 12.2 0.2 0.0 0.5 18 17 Foreign 9.1 15.4 1.4 0.1 4.9 29 9 Domestic Use World 1.2 2.0 3.2 0.2 13.9 25 13 U.S. 7.1 12.0 0.2 0.0 0.5 15 22 Foreign 1.2 2.0 3.2 0.2 13.5 25 13 Ending Stocks World 8.7 14.8 4.9 0.5 25.8 27 11 U.S. 18.8 32.0 0.2 0.0 0.4 20 16 Foreign 9.0 15.2 4.9 0.3 25.7 27 11 1/ Footnotes at end of table. CONTINUED March 2020 WASDE - 598 - 36 Reliability of March Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 2.2 3.8 3.4 0.1 12.4 20 18 U.S. 1.4 2.3 0.7 0.0 3.2 16 15 Foreign 3.7 6.3 3.3 0.1 12.6 21 17 Exports World 5.5 9.4 2.6 0.0 11.5 25 12 U.S. 6.5 11.0 1.7 0.1 6.7 27 11 Foreign 14.5 24.6 2.3 0.1 9.5 18 20 Domestic Use World 2.1 3.5 2.9 0.0 11.4 19 19 U.S. 3.0 5.0 1.1 0.0 3.0 25 12 Foreign 2.5 4.2 2.4 0.1 12.8 17 21 Ending Stocks World 13.1 22.3 3.7 0.1 13.9 20 18 U.S. 40.0 67.9 2.0 0.1 7.2 10 28 Foreign 14.1 23.9 3.2 0.1 17.1 26 12 COTTON Million 480 -Pound Bales Production World 1.8 3.0 1.3 0.0 5.2 23 13 U.S. 1.0 1.6 0.1 0.0 0.3 13 24 Foreign 2.2 3.7 1.3 0.0 5.3 23 14 Exports World 5.0 8.5 1.2 0.0 6.5 21 16 U.S. 6.5 11.1 0.5 0.0 1.7 17 20 Foreign 6.4 10.8 1.0 0.0 5.8 23 15 Domestic Use World 2.1 3.5 1.5 0.0 6.0 19 19 U.S. 3.8 6.5 0.2 0.0 0.7 19 17 Foreign 3.3 5.6 1.7 0.1 10.0 20 18 Ending Stocks World 8.6 14.5 3.2 0.2 8.5 23 15 U.S. 17.1 29.0 0.6 0.0 1.8 13 25 Foreign 9.3 15.8 3.1 0.0 7.9 25 13 1/ Marketing years 1981/82 through 2018/19 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2018/19. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. March 2020 WASDE - 598 - 37 Reliability of United States March Projections 1/ Differences betw een foreca st and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 0.2 0.3 2 0 38 1 2 Exports 8.6 14.6 124 13 310 17 21 Domestic Use 2.8 4.8 139 9 474 14 24 Ending Stocks 15.0 25.5 180 3 713 23 15 SORGHUM Production 0.1 0.2 0 0 4 0 2 Exports 13.6 23.1 25 0 90 24 12 Domestic Use 14.3 24.3 30 1 178 16 22 Ending Stocks 41.4 70.3 24 1 148 15 23 BARLEY Production 0.7 1.3 1 0 11 17 4 Exports 15.9 27.0 5 0 20 12 22 Domestic Use 6.7 11.4 14 0 70 15 21 Ending Stocks 13.6 23.0 14 1 53 25 13 OATS Production 0.3 0.6 0 0 2 4 4 Exports 34.2 58.0 0 0 3 5 6 Domestic Use 5.3 9.1 11 1 36 15 23 Ending Sto cks 17.3 29.4 12 1 47 22 16 SOYBEAN MEAL Thou sand Short Tons Production 3.0 5.0 891 79 2,917 28 10 Exports 8.9 15.1 588 1 2,426 31 7 Domestic Use 2.5 4.2 546 41 2,066 26 12 Ending Stocks 35.1 59.6 68 0 253 16 20 SOYBEAN OIL Million Pounds Production 2.9 4.9 414 7 1,173 28 10 Exports 18.5 31.5 252 0 750 23 14 Domestic Use 2.4 4.1 307 9 760 25 13 Ending Stocks 17.7 30.0 251 17 721 22 16 ANIMAL PROD. Million Pounds Beef 2.6 4.4 537 77 1,613 23 14 Pork 2.9 4.8 344 5 1,667 23 14 Broilers 1.5 2.6 333 16 961 21 16 Turkeys 2.8 4.8 116 3 447 18 19 Million Dozen Eggs 1.7 2.9 87 3 534 23 14 Billion Pounds Milk 1.3 2.2 1.4 0.0 5.2 19 12 1/ See pages 35 and 36 for record of reliability for U.S. wh eat, rice, soybeans, and cotton. Marketing years 1981/82 through 2018/19 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2018/19. Calendar years 1982 through 2018 for meats, eggs, and milk. Final for animal pro ducts is defined as the latest annual production estimate published by NASS for 1982 -2018. WASDE- 598-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agenc ies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Ser vice. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Prod uction Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is loc ated at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushel s bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 USDA NASS Data Users’ Meeting Tuesday, April 21, 2020 Embassy Suites by Hilton Chicago Downtown 600 North State Street Chicago, IL 60654 312-943-3800 USDA’s National Agricultural Statistics Service will hold an open forum for users of U.S. domestic and international agriculture data. NASS is organizing the 2020 Data Users’ Meeting in cooperation with five other USDA agencies – Agricultural Marketing Service, Economic Research Service, Farm Service Agency, Foreign Agricultural Service, and World Agricultural Outlook Board – and the Census Bureau’s Foreign Trade Division. Agency representatives will provide updates on recent and pending changes in statistical and information programs important to agriculture, answer questions, and welcome comments and input from data users. For registration details or additional information about the Data Users’ Meeting, see the meeting page on the NASS website ( https://www.nass.usda.gov/Education_and_Outreach/Meeting/index.php ). Contact Vernita Murray (NASS) at 202-690 -8141 or [email protected] or Patricia Snipe (NASS) at 202- 720-2248 or [email protected] for information. The Data Users’ Meeting precedes the Industry Outlook Conference at the same location on Wednesday, April 22, 2020. The outlook meeting brings together analysts from various commodity sectors to discuss developments and trends. For registration details or additional information about the Industry Outlook Conference, see the conference page on the LMIC website ( http://lmic.info/page/meetings ). Or contact Laura Lahr at 303-716-9935 or [email protected]. For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ To subscribe to receive WASDE -related notifications by email or text message visit https://public.govdelivery.com/accounts/USDAOC/subscriber/new?topic_id=USDA OC_223 . Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at 202-720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE -598 – March 10, 2020 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, politic al beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5 964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554-9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 539 Approved by the World Agricultural Outlook Board March 10, 2015 WHEAT: Projected U.S. wheat ending stocks for 2014/15 are reduced 1 million bushels with an increase in expected seed use. The seed use change is based on the 2015 planted area projection released at USDA’s February Agricult ural Outlook Forum. The projected season- average farm price range is narrowed 5 cents on both the high and low ends to $5.90 to $6.10 per bushel. Global wheat supplies for 2014/15 are lowered fractionally due mainly to reduced Brazil production, which is partially offset by a la rger Belarus crop. Both changes are made on updated government statistics. Global wheat expor ts are raised 0.5 million tons. The primary export increase is for EU on a fast pace of bot h shipments and export licenses. Imports are raised 0.3 million tons each for Morocco, Philippines, and Thailand, 0.2 million tons each for Jordan and Vietnam, and 0.1 million tons eac h for Ecuador and Saudi Arabia. These increases are partially offset by reductions of 0.3 million tons each for Algeria, Syria, and Yemen, 0.2 million tons for Libya, and 0.1 m illion tons each for Israel and Japan. Global wheat consumption for 2014/15 is down fracti onally on lower food use, which is partially offset by increased wheat feeding. The larges t decreases for food use are Brazil, India, and Syria (down 0.3 million tons each), and Libya and Yemen (down 0.2 million tons each). Feed use is raised 0.5 million tons for Australia, and 0.2 million tons for Thailand. This is partially offset by a 0.2-million-ton reduction for Israel w heat feeding. With world supplies falling faster than use, ending stocks are reduced fractionally. COARSE GRAINS: U.S. feed grain ending stocks for 2014/15 are projected lower with reductions for corn and barley. Corn use in ethanol production is projected 50 million bushels lower based on the new Grain Crushings and Co-Products Production report recently released by the National Agricultural Statistics Serv ice (NASS). Reported corn use for ethanol for October through January implies a higher conversi on rate than previously assumed. Partly offsetting the impact of the higher conversion rate is higher-than-expected December ethanol production and a stronger-than-expected pace of w eekly production through February as reported by the Energy Information Administration. The reduction in corn use for ethanol is offset by a 50-million-bushel increase in projec ted feed and residual use. Thus, expected total domestic disappearance is unchanged. Corn expor ts are projected 50 million bushels higher based on commitments to date and higher projec ted global demand. Projected ending stocks are lowered 50 million bushels. The season-average farm price for corn is projected at $3.50 to $3.90 per bushel, up 5 cents at the midpoint. Revisions to estimated 2014/15 first-quarter (September-November) corn use in ethanol production, based on the Grain Crushings and Co-Products Production data for October and November, will be detailed in the March 12 Feed Outlook available from the Economic Research Service at www.ers.usda.gov/topi cs/crops/corn.aspx . WASDE-539-2 U.S. barley ending stocks for 2014/15 are proj ected 4 million bushels lower with imports lowered 2 million bushels and exports raised 2 m illion bushels based on the pace of shipments to date. The projected barley farm price range is narrowed and raised 10 cents at the midpoint to $5.20 to $5.50 per bushel. The sorghum farm price projection is also narrowed and raised 10 cents at the midpoint to $3.70 to $4.10 per bushel. Both increases reflect farm prices reported through January. Global coarse grain supplies for 2014/15 are pr ojected 2.4 million tons lower mostly on reduced corn beginning stocks and production for Sout h Africa. Upward revisions to 2005/06 through 2009/10 South Africa corn consumption lo wer estimated stocks over the last decade and cause a 2.2-million-ton reduction in 2014/15 begi nning stocks. A 1.0-million-ton increase in Brazil beginning stocks is partly offsetti ng with 2013/14 production raised 0.5 million tons and exports lowered 0.5 million tons. Argentina corn exports are raised 0.5 million tons for 2013/14. Global corn production for 2014/15 is lowered 1.6 million tons with reductions for South Africa and Belarus only partly offset by an increase fo r Argentina. South Africa corn output is lowered 2.0 million tons as February dryness and periodic heat, particularly in the western and central corn growing regions, coincided with corn pollination. Corn production is lowered 0.1 million tons for Belarus based on indications of lower harvested area from the Ministry of Agriculture. Argentina corn production is rais ed 0.5 million tons as a small reduction in harvested area due to recent flooding is more than offset by higher expected yields with abundant soil moisture available for pollination and grain fill in other areas. Developing dryness in southern growing areas, however , limits this month’s yield increase. Other coarse grain production changes for 2014/15 include a 0.5-million-ton increase for India millet, a 0.4-million-ton increase for Australia barley, and 0.2-million-ton increases for both Belarus barley and rye. Global coarse grain consumption for 2014/15 is raised 2.7 million tons mostly on higher barley use for China with larger imports and higher millet use for India with larger production. Barley consumption and imports are also raised for Iran. Partly offsetting the increases in barley imports for China and Iran is a reduction for Saudi Arabia. Barley exports are raised for EU and Australia. Corn imports are raised for Saudi Arabia and Israel. In addition to the United States, corn exports are raised for Argentina and Brazil, more than offsetting a reduction for South Africa. Global coarse grain ending sto cks for 2014/15 are lowered 5.0 million tons with corn ending stocks down 4.4 million. Project ed foreign corn ending stocks are lowered 3.1 million tons with reductions fo r South Africa and Argentina. RICE: The changes made to the U.S. 2014/15 rice supply and use balances this month are confined to forecast exports, ending stocks, and pric es. The 2014/15 all rice export projection is raised 1.0 million cwt to 104.0 million. Long-grai n exports are forecast at 72.0 million, up 1.0 million from last month based on larger expected exports to markets in the Western Hemisphere. The combined medium- and short- grain export projection is unchanged at 32.0 million. All rice ending stocks are projected at 40.9 million cwt, down 1.0 million from a month ago—all in long-grain rice. Long-grain rice endi ng stocks are projected at 27.1 million cwt, the largest since 2010/11. Medium- and short-gr ain ending stocks are unchanged at 11.5 million. WASDE-539-3 The 2014/15 long-grain season-average rice price range is projected at $12.20 to $12.80 per cwt, up 30 cents on each end of the range. T he all combined medium- and short-grain season-average price range is forecast at $18. 10 to $18.90 per cwt, up 20 cents per cwt on each end of the range. The California medium- and short-grain rice price is increased 30 cents per cwt to $19.80 to $20.80 per cwt. The Other St ates medium- and short-grain rice price is unchanged at $14.80 to $15.40 per cwt. Global 2014/15 rice ending stocks are lowered 0.6 million tons primarily due to increase in consumption. Total supplies for 2014/15 are lowered 37,000 tons as the increase in production is insufficient to offset the decr ease in beginning stocks. Global production is increased 300,000 tons based primarily on incr eases for India (+500,000) and Sri Lanka (+150,000), partially offset by a reduction for T hailand (-350,000). The increase in India is based on an expected larger Rabi crop. Sri Lank a rice production is raised because of an expected increase in plantings and yield for the Maha crop. Thailand 2014/15 rice crop is lowered 0.35 million tons to 19.15 million due to a reduction in dry-season plantings resulting from an on-going drought and a reduction in irrigat ion water availability concentrated in the Central Region. Thailand 2014/15 crop would be t he smallest since 2006/07. The reduction in 2014/15 global beginning stocks is due primarily to reductions for Burma and Malaysia. Global rice consumption (includes residual) is raised 0.5 million tons with the largest increases for China and India. Global rice exports are rais ed 0.4 million tons due mostly to increases for Burma, India, and the United States. Global impor ts are raised for China, Saudi Arabia, and Venezuela. OILSEEDS: U.S. soybean supply and use projections for 2014/15 are unchanged this month. With soybean crush and exports projected at 1,795 million bushels and 1,790 million bushels respectively, ending stocks remain projected at an 8-year high of 385 million bushels. Soybean and soybean product prices are also unchanged. The U.S. season-average soybean price range for 2014/15 is projected at $9.45 to $10.95 per bushel; soybean meal and soybean oil prices are projected at $350 to $390 per short ton and 30 to 34 cents per pound, respectively. Global oilseed production for 2014/15 is projected at 532.2 million tons, up fractionally from last month on small changes in foreign produc tion. Global soybean production is unchanged at a record 315.1 million tons with Brazil soy bean production projected at 94.5 million tons, Argentina at 56.0 million, and Par aguay at 8.5 million. Small changes in other oilseeds include increased rapeseed production for Australia, lower sunflowerseed production for India, and higher cottonseed production for Pakistan. Global oilseed trade for 2014/15 is projected at 136.8 million tons, up 0.3 million mainly reflecting increased soybean exports for Paraguay and India. Soybean imports are raised for several countries including Russia, Turkey, Me xico, and Bangladesh. Lower soybean imports for Brazil and Iran partly offset these gains . Oilseed product trade changes include reduced soybean meal exports for India and reduced soy bean meal imports for Turkey, the Philippines, Japan, and Venezuela. Global oilseed ending sto cks are projected at 103.3 million tons, up fractionally from last month. SUGAR: Mexico 2014/15 sugar imports are reduced by 18,186 metric tons (MT) due to fewer imports from the United States for Mexico sugar-containing product export program (IMMEX). The new import level is equal to 173,678 MT. With no change either to beginning stocks or to WASDE-539-4 production, total supply is reduced by the same amount as imports. Mexico 2014/15 exports are reduced by 65,068 MT to 1.631 million. Exports are split between 1.306 million MT projected to go to the United States and 325,000 to other countries. Exports to the United States are projected under the terms of the Agreement Suspending the Countervailing Duty Investigations on Sugar from Mexico, dated De cember 19, 2014 – specifically the “Target Quantity of U.S. Needs” defined within the Agreement. There are no changes to deliveries, and ending stocks are calculated residually at 1.001 million MT, 46,882 MT more than last month. Florida 2014/15 cane sugar production is incr eased 35,000 short tons, raw value (STRV) based on the sugarcane production estimates repor ted by the NASS in the March 10, 2015, Crop Production and on trend sugar per acre. Sugar imports expected from Mexico are reduced by 76,029 STRV to 1,525,911. There are no other changes to components of U.S sugar supply. U.S. sugar exports for 2014/15 are reduced by 25,000 STRV, based on pace-to-date analysis. There are no changes to 2014/15 deliveries. Endi ng stocks are calculated residually at 1.650 million STRV, a decrease from last month of 16,029. The implied stocks-to-use ratio is 13.5 percent. LIVESTOCK, POULTRY, AND DAIRY: The 2015 forecast of total red meat and poultry production is lowered from last month as lower beef production more than offsets increases in pork and broiler production. Fed cattle slaughter is expected to be lower in the first-quarter, but cow slaughter remains higher than expected. In addition, carcass weights are reduced slightly in the first quarter. Pork production is increased on higher first quarter slaughter and slightly heavier carcass weights. USDA will release the Quarterly Hogs and Pigs report on March 27 which will provide an indication of producers’ expectations to farrow sows through the third quarter. Broiler production is higher as hatchery data shows continued growth in chicks placed. Turkey and egg production is unchanged from last month. The 2015 beef import forecast is higher than la st month as demand for processing grade beef remains strong and strength of the dollar makes t he United States an attractive market. Beef exports for 2015 are reduced due to relatively high U.S. prices and the strong dollar. Pork exports are lowered based on lower-than-expected shipments in January. Pork imports are raised as the strong dollar makes the United States an attractive market despite large supplies of domestic pork. The broiler export forecast is lowered as the strong dollar crimps demand. Turkey exports are also reduced. The egg export forecast is raised. The 2015 cattle price is unchanged. The hog price forecast is reduced as greater production and lower exports imply greater supplies for the domestic market. Broiler prices are lowered on weaker demand and larger supplies of product. Turkey prices are unchanged. The egg price is raised on stronger first quarter demand. The milk production forecast for 2015 is lowered fr om last month as slower growth in output per cow more than offsets faster herd expansion. Both fat and skim-solids exports for 2015 are reduced as export demand is hampered by a strong dollar and increas ed competition from other exporters. Fat basis imports are higher on expectations of greater butterfat imports. However, robust domestic demand is expec ted to support increased product use. WASDE-539-5 Product price forecasts for butter and nonfat dr y milk (NDM) are higher, supported by demand and price strength to date. Cheese prices are unchanged at the midpoint but the range is narrowed. Whey is lower on weaker demand. The Class III price is lowered on reduced whey prices. The Class IV price is higher due to higher NDM prices and butter prices. The all milk price is forecast at $17.05 to $17.65 per cwt. COTTON: The U.S. 2014/15 cotton supply and demand estimates are unchanged from last month. The forecast range for the marketing y ear average price received by producers of 59.0 to 62.0 cents per pound is lowered 1 cent on the upper end, with the midpoint estimated at 60.5 cents per pound. Marginal reductions in 2014/15 world cott on production and consumption are boosting projected global stocks to just over 110 million bal es. Production is raised for Pakistan, but is lowered for Tajikistan and others. Consumpti on is reduced mainly for China, where yarn imports continue to rise, displacing growth in domestic cotton spinning. Lower consumption by China is partially offset by increases for Bangladesh, Indonesia, and Vietnam. World trade is raised slightly. Approved by the Secretary of Agriculture and the Acting Chairperson of the World Agricultural Outlook Board, David Stallings, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: ROBERT C. JOHANSSON SECRETARY OF AGRICULTURE DESIGNATE WASDE-539-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Jerry Norton, ICEC Chair, WAOB, E-mail : [email protected] Gary Vocke, ERS; Teresa McKeivier, FAS; Tom Tice, FSA. Rice: Andrew C. Aaronson, ICEC Chair, WAOB, E-mail : [email protected] Nathan Childs, ERS; Yoonhee Macke, FAS; Mark Simone, FSA. Feed Grains: Jerry Norton, IC EC Chair, WAOB, E-mail : [email protected] Thomas Capehart, ERS; Richard O’M eara, FAS; Pete Riley, FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail : [email protected] Mark Ash, ERS; Bill George , FAS; Philip Sronce, FSA. Cotton: Carol Skelly, ICEC Chair, WAOB, E-mail : [email protected] Darryl Earnest, AMS; Leslie Meyer, ERS; Ja mes Johnson, FAS; Scott Sanford, FSA. Sugar: Stephen Haley, ICEC Chair, WAOB, E-mail : [email protected] Michael McConnell, ERS; Ron Lord, FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Sherry Wise, AMS; Kenneth Mathews, ERS; Cla ire Mezoughem, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Larry Haller, AMS; David Harvey, ERS; J oanna Hitchner, FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Uthra Raghunathan, AMS; Jerry Cessna, ERS; P aul Kiendl, FAS; Milton Madison, FSA. In 2015, the WASDE report will be released on Jan. 12, Feb. 10, Mar. 10, Apr. 9, May 12, Jun. 10, Jul. 10, Aug. 12, Sep. 11, Oct. 9, Nov. 10, Dec. 9. WASDE-539-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................... 1 Interagency Commodity Estimates Committees ..................................................... 6 World & U.S. Supply & Use for Grains ................................................................... 8 World & U.S. Supply & Use for Cotton ................................................................... 9 World & U.S. Supply & Use for Oilseeds ............................................................. 10 U.S. Wheat Supply & Use .................................................................................... 11 U.S. Wheat Supply & Use by Class ..................................................................... 11 U.S. Feed Grain & Corn Supply & Use ................................................................ 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13 U.S. Rice Supply & Use ....................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................ 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ............................................................................. 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use ................................................................................. 18 World Coarse Grains Supply & Use ..................................................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use..................................................................................... 24 World Cotton Supply & Use ................................................................................. 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ..................................................................... 29 World Soybean Oil Supply & Use ........................................................................ 30 U.S. Quarterly Animal Product Production ........................................................... 31 U.S. Quarterly Prices for Animal Products ........................................................... 31 U.S. Meats Supply and Use ................................................................................. 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use .................................................................................... 33 U.S. Dairy Prices ................................................................................................. 34 Reliability Tables ................................................................................................. 35 Related USDA Reports ........................................................................................ 38 Metric Conversion Factors ................................................................................... 38 Electronic Access and Subscriptions ....................................................................... 40 March 2015 WASDE - 539 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World OutputTotal Supply Trade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2012/13 2266.80 2736.61 299.64 2284.20 452.41 2013/14 (Est.) 2473.82 2926.23 371.80 2423.58 502.65 filler filler filler filler filler 2014/15 (Proj.) Feb 2475.08 2979.93 354.54 2459.81 520.12 2014/15 (Proj.) Mar 2474.65 2977.30 358.97 2462.89 514.41 filler filler filler filler filler Wheat 2012/13 658.54 855.38 137.36 679.79 175.59 2013/14 (Est.) 716.10 891.69 165.77 704.20 187.49 filler filler filler filler filler 2014/15 (Proj.) Feb 725.03 912.49 160.11 714.65 197.85 2014/15 (Proj.) Mar 724.76 912.25 160.57 714.53 197.71 filler filler filler filler filler Coarse Grains 5/ 2012/13 1136.26 1302.40 122.88 1135.74 166.66 2013/14 (Est.) 1280.65 1447.31 163.76 1238.60 208.71 filler filler filler filler filler 2014/15 (Proj.) Feb 1275.49 1486.09 152.26 1262.03 224.06 2014/15 (Proj.) Mar 1275.03 1483.74 155.83 1264.68 219.06 filler filler filler filler filler Rice, milled 2012/13 472.00 578.83 39.40 468.68 110.15 2013/14 (Est.) 477.08 587.23 42.27 480.78 106.46 filler filler filler filler filler 2014/15 (Proj.) Feb 474.56 581.35 42.17 483.13 98.22 2014/15 (Proj.) Mar 474.86 581.31 42.58 483.68 97.64 filler filler filler filler filler United States Output Total SupplyTrade 2 /Total Use 3/Ending Stocks Total Grains 4/ 2012/13 352.96 412.94 51.63 317.09 44.23 2013/14 (Est.) 431.31 484.09 89.42 343.27 51.40 filler filler filler filler filler 2014/15 (Proj.) Feb 439.32 498.95 80.11 349.43 69.41 2014/15 (Proj.) Mar 439.32 498.91 81.46 349.46 67.99 filler filler filler filler filler Wheat 2012/13 61.30 84.85 27.54 37.77 19.54 2013/14 (Est.) 58.11 82.23 32.01 34.15 16.07 filler filler filler filler filler 2014/15 (Proj.) Feb 55.13 75.55 24.49 32.22 18.83 2014/15 (Proj.) Mar 55.13 75.55 24.49 32.25 18.80 filler filler filler filler filler Coarse Grains 5/ 2012/13 285.31 319.77 20.70 275.54 23.53 2013/14 (Est.) 367.09 393.85 54.42 305.11 34.31 filler filler filler filler filler 2014/15 (Proj.) Feb 377.12 414.58 52.33 313.01 49.24 2014/15 (Proj.) Mar 377.12 414.53 53.64 313.01 47.88 filler filler filler filler filler Rice, milled 2012/13 6.35 8.32 3.39 3.78 1.16 2013/14 (Est.) 6.12 8.01 2.99 4.00 1.03 filler filler filler filler filler 2014/15 (Proj.) Feb 7.07 8.82 3.29 4.19 1.34 2014/15 (Proj.) Mar 7.07 8.82 3.33 4.19 1.31 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export es timate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). March 2015 WASDE - 539 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ OutputTotal Supply Trade 2 /Total UseEnding Stocks Total Grains 4/ 2012/13 1,913.84 2,323.67 248.01 1,967.12 408.18 2013/14 (Est.) 2,042.51 2,442.14 282.38 2,080.31 451.25 filler filler filler filler filler 2014/15 (Proj.) Feb 2,035.76 2,480.98 274.43 2,110.38 450.71 2014/15 (Proj.) Mar 2,035.33 2,478.39 277.52 2,113.44 446.42 filler filler filler filler filler Wheat 2012/13 597.24 770.53 109.82 642.02 156.06 2013/14 (Est.) 657.99 809.46 133.76 670.05 171.42 filler filler filler filler filler 2014/15 (Proj.) Feb 669.91 836.95 135.62 682.43 179.01 2014/15 (Proj.) Mar 669.63 836.70 136.08 682.28 178.91 filler filler filler filler filler Coarse Grains 5/ 2012/13 850.95 982.63 102.17 860.20 143.13 2013/14 (Est.) 913.56 1,053.46 109.34 933.48 174.40 filler filler filler filler filler 2014/15 (Proj.) Feb 898.37 1,071.51 99.94 949.01 174.83 2014/15 (Proj.) Mar 897.91 1,069.21 102.19 951.67 171.18 filler filler filler filler filler Rice, milled 2012/13 465.65 570.51 36.02 464.90 108.99 2013/14 (Est.) 470.96 579.22 39.28 476.78 105.43 filler filler filler filler filler 2014/15 (Proj.) Feb 467.49 572.52 38.88 478.94 96.88 2014/15 (Proj.) Mar 467.79 572.49 39.26 479.48 96.33 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world mi nus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales OutputTotal Supply Trade 2 /Total Use 3 /Ending Stocks World 2012/13 123.63 197.41 46.74 107.78 90.02 2013/14 (Est.) 120.44 210.46 40.73 109.10 101.71 2014/15 (Proj.) Feb 119.37 221.04 34.24 111.25 109.84 2014/15 (Proj.) Mar 119.24 220.95 34.42 110.96 110.06 United States 2012/13 17.31 20.67 13.03 3.50 3.80 2013/14 (Est.) 12.91 16.72 10.53 3.55 2.45 2014/15 (Proj.) Feb 16.08 18.54 10.70 3.65 4.20 2014/15 (Proj.) Mar 16.08 18.54 10.70 3.65 4.20 Foreign 4/ 2012/13 106.32 176.74 33.71 104.28 86.22 2013/14 (Est.) 107.53 193.74 30.20 105.55 99.26 2014/15 (Proj.) Feb 103.29 202.49 23.54 107.60 105.64 2014/15 (Proj.) Mar 103.16 202.41 23.72 107.31 105.86 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. March 2015 WASDE - 539 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World OutputTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2012/13 475.82 543.49 118.11 397.00 69.55 2013/14 (Est.) 504.31 573.86 134.10 418.22 80.54 2014/15 (Proj.) Feb 532.15 612.61 136.48 432.14 103.16 2014/15 (Proj.) Mar 532.20 612.74 136.81 431.94 103.32 Oilmeals 2012/13 268.71 281.20 78.21 264.34 11.40 2013/14 (Est.) 281.84 293.24 82.08 276.88 12.56 2014/15 (Proj.) Feb 293.61 306.21 86.25 289.28 12.79 2014/15 (Proj.) Mar 293.80 306.36 85.77 288.83 12.97 Vegetable Oils 2012/13 161.13 179.13 68.57 157.45 17.70 2013/14 (Est.) 170.87 188.57 69.69 165.84 18.24 2014/15 (Proj.) Feb 175.69 193.79 71.08 173.39 17.61 2014/15 (Proj.) Mar 175.65 193.89 70.91 173.27 17.66 United States Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2012/13 93.32 100.70 36.87 50.23 5.76 2013/14 (Est.) 99.02 107.95 45.79 51.47 3.95 2014/15 (Proj.) Feb 117.34 122.99 49.72 53.19 12.03 2014/15 (Proj.) Mar 117.34 122.99 49.74 53.19 11.98 Oilmeals 2012/13 38.69 42.42 10.49 31.61 0.31 2013/14 (Est.) 39.40 43.47 10.78 32.40 0.29 2014/15 (Proj.) Feb 41.65 45.54 11.90 33.31 0.34 2014/15 (Proj.) Mar 41.65 45.54 11.90 33.31 0.34 Vegetable Oils 2012/13 10.23 15.57 1.39 13.03 1.16 2013/14 (Est.) 10.44 15.62 1.12 13.53 0.98 2014/15 (Proj.) Feb 10.68 15.87 1.20 13.55 1.12 2014/15 (Proj.) Mar 10.68 15.79 1.16 13.51 1.11 filler filler filler filler filler Foreign 3/ Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2012/13 382.50 442.79 81.24 346.77 63.78 2013/14 (Est.) 405.30 465.91 88.31 366.75 76.59 2014/15 (Proj.) Feb 414.80 489.62 86.76 378.94 91.13 2014/15 (Proj.) Mar 414.86 489.75 87.07 378.75 91.34 Oilmeals 2012/13 230.03 238.79 67.72 232.72 11.08 2013/14 (Est.) 242.44 249.77 71.30 244.48 12.27 2014/15 (Proj.) Feb 251.96 260.67 74.35 255.97 12.46 2014/15 (Proj.) Mar 252.15 260.82 73.87 255.53 12.63 Vegetable Oils 2012/13 150.90 163.56 67.19 144.43 16.54 2013/14 (Est.) 160.43 172.96 68.57 152.32 17.27 2014/15 (Proj.) Feb 165.01 177.92 69.88 159.84 16.49 2014/15 (Proj.) Mar 164.97 178.10 69.74 159.76 16.55 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. March 2015 WASDE - 539 - 11 U.S. Wheat Supply and Use 1/ 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Feb Mar Million Acres Area Planted 55.3 56.2 56.8 56.8 Area Harvested 48.8 45.3 46.4 46.4 Bushels Yield per Harvested Acre 46.2 47.1 43.7 43.7 Million Bushels Beginning Stocks 743 718 590 590 Production 2,252 2,135 2,026 2,026 Imports 123 169 160 160 Supply, Total 3,118 3,021 2,776 2,776 Food 945 952 960 960 Seed 73 77 74 75 Feed and Residual 370 226 150 150 Domestic, Total 1,388 1,255 1,184 1,185 Exports 1,012 1,176 900 900 Use, Total 2,400 2,431 2,084 2,085 Ending Stocks 718 590 692 691 CCC Inventory 0000 Free Stocks 718 590 692 691 Outstanding Loans 8 8 45 45 Avg. Farm Price ($/bu) 2/ 7.77 6.87 5.85 - 6.15 5.90 - 6.10 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red WinterHard Red SpringSoft Red Winter White Durum Total Millio n Bushel s 2013/14 (Est.) Beginning Stocks 343 165 124 63 23 718 Production 747 491 568 271 58 2,135 Supply, Total 3/ 1,109 733 713 341 125 3,021 Domestic Use 426 318 318 120 73 1,255 Exports 446 246 283 171 31 1,176 Use, Total 872 564 600 291 103 2,431 Ending Stocks, Total 237 169 113 50 22 590 2014/15 (Proj.) Beginning Stocks 237 169 113 50 22 590 Production 738 556 455 224 53 2,026 Supply, Total 3/ 986 795 583 283 130 2,776 Domestic Use 433 311 258 100 83 1,185 Exports 285 295 140 150 30 900 Use, Total 718 606 398 250 113 2,085 Ending Stocks, Total Mar 268 189 185 33 16 691 Ending Stocks, Total Feb 268 190 180 33 22 692 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketi ng-year weighted average price received by farmers. 3/ Includes imports. March 2015 WASDE - 539 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Feb Mar Million Acres Area Planted 109.9 109.9 103.4 103.4 Area Harvested 96.6 98.1 93.0 93.0 Metric Tons Yield per Harvested Acre 2.95 3.74 4.05 4.05 Million Metric Tons Beginning Stocks 27.8 23.5 34.3 34.3 Production 285.1 366.9 376.9 376.9 Imports 6.4 3.0 2.9 2.9 Supply, Total 319.4 393.4 414.2 414.1 Feed and Residual 115.1 133.3 138.6 139.9 Food Seed & Industrial 160.1 171.4 174.0 172.7 Domestic, Total 275.2 304.7 312.6 312.6 Exports 20.7 54.4 52.3 53.6 Use, Total 295.8 359.1 364.9 366.2 Ending Stocks 23.5 34.3 49.2 47.9 CCC Inventory 0.0 0.0 0.0 0.0 Free Stocks 23.5 34.3 49.2 47.9 Outstanding Loans 0.8 2.0 5.9 5.9 CORN 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Februar y Marc h Million Acres Area Planted 97.3 95.4 90.6 90.6 Area Harvested 87.4 87.5 83.1 83.1 Bushels Yield per Harvested Acre 123.1 158.1 171.0 171.0 Million Bushels Beginning Stocks 989 821 1,232 1,232 Production 10,755 13,829 14,216 14,216 Imports 160 36 25 25 Supply, Total 11,904 14,686 15,472 15,472 Feed and Residual 4,315 5,036 5,250 5,300 Food, Seed & Industrial 2/ 6,038 6,501 6,645 6,595 Ethanol & by-products 3/ 4,641 5,134 5,250 5,200 Domestic, Total 10,353 11,537 11,895 11,895 Exports 730 1,917 1,750 1,800 Use, Total 11,083 13,454 13,645 13,695 Ending Stocks 821 1,232 1,827 1,777 CCC Inventory 0000 Free Stocks 821 1,232 1,827 1,777 Outstanding Loans 32 76 230 230 Avg. Farm Price ($/bu) 4/ 6.89 4.46 3.40 - 3.90 3.50 - 3.90 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data-p roducts/feed-grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn glut en feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. March 2015 WASDE - 539 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Feb Mar Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 6.3 8.1 7.1 7.1 Area Harvested (mil. acres) 5.0 6.6 6.4 6.4 Yield (bushels/acre) 49.6 59.6 67.6 67.6 Beginning Stocks 23 15 34 34 Production 248 392 433 433 Imports 1 0000 Supply, Total 280 408 467 467 Feed and Residual 94 92 110 110 Food, Seed & Industrial 95 70 30 30 Total Domestic 189 162 140 140 Exports 76 212 300 300 Use, Total 265 374 440 440 Ending Stocks 15 34 27 27 Avg. Farm Price ($/bu) 2/ 6.33 4.28 3.55 - 4.05 3.70 - 4.10 Filler Filler Filler Filler Filler BARLEY 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Februar y Marc h Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.7 3.5 3.0 3.0 Area Harvested (mil. acres) 3.3 3.0 2.4 2.4 Yield (bushels/acre) 66.9 71.3 72.4 72.4 Beginning Stocks 60 80 82 82 Production 219 217 177 177 Imports 23 19 25 23 Supply, Total 302 316 284 282 Feed and Residual 66 65 45 45 Food, Seed & Industrial 147 155 152 152 Total Domestic 213 219 197 197 Exports 91 41 01 2 Use, Total 222 234 207 209 Ending Stocks 80 82 77 73 Avg. Farm Price ($/bu) 2/ 6.43 6.06 5.05 - 5.45 5.20 - 5.50 Filler Filler Filler Filler Filler OATS 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Februar y Marc h Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.7 3.0 2.7 2.7 Area Harvested (mil. acres) 1.0 1.0 1.0 1.0 Yield (bushels/acre) 61.2 64.1 67.7 67.7 Beginning Stocks 55 36 25 25 Production 61 65 70 70 Imports 93 97 100 100 Supply, Total 209 198 194 194 Feed and Residual 96 97 85 85 Food, Seed & Industrial 76 75 77 77 Total Domestic 172 172 162 162 Exports 1222 Use, Total 173 173 164 164 Ending Stocks 36 25 30 30 Avg. Farm Price ($/bu) 2/ 3.89 3.75 3.10 - 3.40 3.15 - 3.35 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing y ear beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. March 2015 WASDE - 539 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Feb Mar Million Acres Area Planted 2.70 2.49 2.94 2.94 Area Harvested 2.68 2.47 2.92 2.92 Filler Pounds Yield per Harvested Acre 7,463 7,694 7,572 7,572 Million Hundredweight Beginning Stocks 2/ 41.1 36.4 31.8 31.8 Production 199.9 190.0 221.0 221.0 Imports 21.1 23.1 23.0 23.0 Supply, Total 262.1 249.5 275.9 275.9 Domestic & Residual 3/ 119.0 124.9 131.0 131.0 Exports, Total 4/ 106.6 92.7 103.0 104.0 Rough 34.1 28.6 35.0 35.0 Milled (rough equiv.) 72.5 64.1 68.0 69.0 Use, Total 225.7 217.6 234.0 235.0 Ending Stocks 36.4 31.8 41.9 40.9 Avg. Milling Yield (%) 5/ 70.00 71.00 70.50 70.50 Avg. Farm Price ($/cwt) 6/ 15.10 16.30 13.70 - 14.30 14.00 - 14.60 Total LONG-GRAIN RICE 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Februar y Marc h Harvested Acres (mil.) 1.98 1.77 2.19 2.19 Yield (pounds/acre) 7,291 7,464 7,408 7,408 Beginning Stocks 24.3 21.9 16.2 16.2 Production 144.3 131.9 162.4 162.4 Supply, Total 7/ 187.3 173.3 198.1 198.1 Domestic & Residual 3/ 89.6 95.3 99.0 99.0 Exports 8/ 75.8 61.8 71.0 72.0 Use, Total 165.4 157.1 170.0 171.0 Ending Stocks 21.9 16.2 28.1 27.1 Avg. Farm Price ($/cwt) 6/ 14.50 15.40 11.90 - 12.50 12.20 - 12.80 Filler Filler Filler Filler Filler MEDIUM & SHORT-GRAIN RICE 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Februar y Marc h Harvested Acres (mil.) 0.70 0.70 0.73 0.73 Yield (pounds/acre) 7,951 8,270 8,068 8,068 Beginning Stocks 14.7 12.2 13.3 13.3 Production 55.7 58.1 58.7 58.7 Supply, Total 7/ 72.5 73.8 75.5 75.5 Domestic & Residual 3/ 29.4 29.6 32.0 32.0 Exports 8/ 30.8 30.9 32.0 32.0 Use, Total 60.3 60.5 64.0 64.0 Ending Stocks 12.2 13.3 11.5 11.5 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 17.40 19.20 17.90 - 18.70 18.10 - 18.90 California 10/ 18.40 20.70 19.50 - 20.50 19.80 - 20.80 Other States 1/ 14.70 15.70 14.80 - 15.40 14.80 - 15.40 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cw t): 2012/13-2.1; 2013/14-2.3; 2014/15-2.3. 3/ Residua l includes unreported use, processing losses, and estimating errors. Us e by type may not add to total rice use because of the difference in brokens between beginni ng and ending stocks. 4/ Incl udes rough rice and milled rice expo rts. Milled rice exports are c onverted to an equivalent rough basis. 5/ Expressed as a percent, i.e ., the total quantity of whole kernel and br oken rice produced divided by the quantity of rough rice milled. Data supplied by the USA Rice Federation for years prior to 2013/14. The 2013/14 milling yield is calculated using Farm Service Agency (FSA) warehouse stored loan data for long, medium, and short grain rice. The year-to-year change in the FSA average all rice milling yield is applied to the WASDE reported 2012/13 milling yield to calculate the 2013/14 forecasted average milling yield. The 2014/15 milling yield is calculated using the previous five-year Olympic average-- 2009/10-2013/14. 6/ Marketing-year weighted average price receive d by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short-grain s eason-average- farm price (S AFP) largely reflects rice that is marketed through pric e pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SA FP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.65 per cwt from 2008/09-2013/14, with a high of $3.50 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. 10/ Marketing y ear beginning October 1. March 2015 WASDE - 539 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Feb Mar Filler Filler Filler Filler Filler Million Acres Area Planted 77.2 76.8 83.7 83.7 Area Harvested 76.1 76.3 83.1 83.1 Filler Bushels Yield per Harvested Acre 40.0 44.0 47.8 47.8 Million Bushels Beginning Stocks 169 141 92 92 Production 3,042 3,358 3,969 3,969 Imports 41 72 25 25 Supply, Total 3,252 3,570 4,086 4,086 Crushings 1,689 1,734 1,795 1,795 Exports 1,317 1,647 1,790 1,790 Seed 89 97 92 92 Residual 1 6 02 42 4 Use, Total 3,111 3,478 3,701 3,701 Ending Stocks 141 92 385 385 Avg. Farm Price ($/bu) 2/ 14.40 13.00 9.45 - 10.95 9.45 - 10.95 Total SOYBEAN OIL 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Februar y Marc h Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 2,540 1,705 1,165 1,165 Production 4/ 19,820 20,130 20,580 20,580 Imports 196 165 160 160 Supply, Total 22,555 22,000 21,905 21,905 Domestic Disappearance 18,687 18,958 18,350 18,350 Biodiesel 3/ 4,689 5,010 4,700 4,700 Food, Feed & other Industrial 13,998 13,949 13,650 13,650 Exports 2,164 1,877 2,050 2,050 Use, Total 20,850 20,835 20,400 20,400 Ending stocks 1,705 1,165 1,505 1,505 Avg. Price (c/lb) 2/ 47.13 38.23 30.00 - 34.00 30.00 - 34.00 Total SOYBEAN MEAL 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Februar y Marc h Filler 1 2 3 4 Thousand Shor t Tons Beginning Stocks 300 275 250 250 Production 4/ 39,875 40,685 43,100 43,100 Imports 245 336 250 250 Supply, Total 40,420 41,296 43,600 43,600 Domestic Disappearance 28,969 29,496 30,500 30,500 Exports 11,176 11,550 12,800 12,800 Use, Total 40,145 41,046 43,300 43,300 Ending Stocks 275 250 300 300 Avg. Price ($/s.t.) 2/ 468.11 489.94 350.00 - 390.00 350.00 - 390.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oi l, simple average of crude soybean oil, Decatur; meal , simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made fr om methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 1,725 million bushels for 2013 /14 and 1,815 million bushels for 2014/15. March 2015 WASDE - 539 - 16 U.S. Sugar Supply and Use 1/ 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Feb Mar Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 1,979 2,158 1,796 1,796 Production 2/ 8,982 8,457 8,610 8,645 Beet Sugar 5,076 4,794 4,870 4,870 Cane Sugar 3,906 3,663 3,740 3,775 Florida 1,867 1,759 1,915 1,950 Hawaii 179 168 180 180 Louisiana 1,686 1,591 1,520 1,520 Texas 173 145 125 125 Imports 3,224 3,742 3,504 3,428 TRQ 3/ 957 1,302 1,492 1,492 Other Program 4/ 136 305 400 400 Other 5/ 2,131 2,135 1,612 1,536 Mexico 2,124 2,130 1,602 1,526 Total Supply 14,184 14,357 13,910 13,868 Exports 274 306 250 225 Deliveries 11,752 12,255 11,994 11,994 Food 6/ 11,487 11,828 11,859 11,859 Other 7/ 265 427 135 135 Miscellaneous 0000 Total Use 12,026 12,561 12,244 12,219 Ending Stocks 8/ 2,158 1,796 1,666 1,650 Stocks to Use Ratio 17.9 14.3 13.6 13.5 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2013/14 and 2014/15 are based on Crop Production and processor projec tions where appropriate. 3/ For 2014/15, WTO raw sugar TRQ shortfall (99). For 2013/14, WTO raw sugar TRQ shortfa ll (237). 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ For 2012/13, other high-tier (7) and other (0). For 2013/14, other high-tier (5) and other (0). For 2014/ 15, other high-tier (10) and other (0). 6/Combines SMD deliverie s for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar-containing products for reexport, and for nonedible alcohol, feed, and ethanol. 8/ For 2012/13, includes 316 ,415 short tons, raw value, of stocks held by the Commodity Credit Corporation. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ ExportsEnding Stocks Sugar 1,000 Metric Tons, Actual Weight 2013/14 Est. Feb 1,460 6,021 131 4,271 2,511 831 2013/14 Est. Mar 1,460 6,021 131 4,271 2,511 831 2014/15 Proj. Feb 831 6,151 192 4,524 1,696 955 2014/15 Proj. Mar 831 6,151 174 4,524 1,631 1,001 1/ HFCS imports by Mexico (1,000 metric tons, dry basi s): Oct-Sep 2013/14 = 913, Oct-Jan 2013/14 = 302, Oct-Jan 2014/15 = 311 . Footnote source: Comite Nacional para el Desarollo Sustenta ble de la Cana de Azucar. 2/Includes domestic consumption, Mexico's products export program (IMMEX), and any residual st atistical discrepancies. IMMEX: 2013/14 (324 est), 2014/15 (324 proj). Statistical Adjustment: 2013/14 (-151), 2014/15 (0). March 2015 WASDE - 539 - 17 U.S. Cotton Supply and Use 1/ 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Feb Mar Filler Filler Filler Filler Filler Area Million Acres Planted 12.26 10.41 11.04 11.04 Harvested 9.32 7.54 9.71 9.71 Filler Pounds Yield per Harvested Acre 892 821 795 795 Million 480 Pound Bales Beginning Stocks 3.35 3.80 2.45 2.45 Production 17.31 12.91 16.08 16.08 Imports 0.01 0.01 0.01 0.01 Supply, Total 20.67 16.72 18.54 18.54 Domestic Use 3.50 3.55 3.65 3.65 Exports, Total 13.03 10.53 10.70 10.70 Use, Total 16.53 14.08 14.35 14.35 Unaccounted 2/ 0.35 0.19 -0.01 -0.01 Ending Stocks 3.80 2.45 4.20 4.20 Avg. Farm Price 3/ 72.5 77.9 59.0 - 63.0 59.0 - 62.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the differe nce between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. March 2015 WASDE - 539 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 196.84 658.54 144.22 137.14 679.79 137.36 175.59 United States 20.21 61.30 3.34 10.07 37.77 27.54 19.54 Total Foreign 176.63 597.24 140.88 127.08 642.02 109.82 156.06 Major Exporters 4/ 27.23 193.31 5.91 59.06 141.79 63.85 20.81 Argentina 0.73 9.30 0.00 0.30 6.20 3.55 0.29 Australia 7.05 22.86 0.14 3.40 6.74 18.66 4.65 Canada 5.93 27.21 0.48 4.36 9.60 18.97 5.05 European Union 5/ 13.52 133.95 5.28 51.00 119.25 22.68 10.82 Major Importers 6/ 87.64 187.29 79.47 35.29 264.98 6.47 82.94 Brazil 1.75 4.38 7.36 0.20 10.90 1.58 1.00 China 55.95 121.02 2.96 25.00 125.00 0.97 53.96 Sel. Mideast 7/ 5.14 17.18 20.86 2.65 34.23 0.69 8.26 N. Africa 8/ 14.09 17.32 22.06 2.38 41.42 0.61 11.44 Pakistan 4.02 23.30 0.05 0.60 23.90 0.85 2.62 Southeast Asia 9/ 4.65 0.00 15.76 2.84 15.81 0.77 3.84 Selected Other 0.00 India 19.95 94.88 0.02 3.40 83.82 6.82 24.20 FSU-12 26.01 77.80 7.23 21.53 71.73 25.38 13.94 Russia 10.90 37.72 1.17 11.90 33.55 11.29 4.95 Kazakhstan 6.18 9.84 0.01 2.00 6.80 6.29 2.94 Ukraine 5.36 15.76 0.05 3.10 11.40 7.19 2.58 2013/14 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 175.59 716.10 156.65 130.57 704.20 165.77 187.49 United States 19.54 58.11 4.59 6.14 34.15 32.01 16.07 Total Foreign 156.06 657.99 152.06 124.43 670.05 133.76 171.42 Major Exporters 4/ 20.81 218.47 4.60 56.63 138.89 75.98 29.01 Argentina 0.29 10.50 0.02 0.10 6.05 2.20 2.56 Australia 4.65 26.93 0.15 3.60 6.95 18.62 6.16 Canada 5.05 37.53 0.45 4.93 10.14 23.24 9.65 European Union 5/ 10.82 143.51 3.98 48.00 115.75 31.93 10.64 Major Importers 6/ 82.94 194.10 87.32 32.45 266.04 5.26 93.06 Brazil 1.00 5.30 7.07 0.60 11.40 0.08 1.89 China 53.96 121.93 6.77 21.00 121.50 0.89 60.27 Sel. Mideast 7/ 8.26 18.96 20.69 3.77 37.23 0.58 10.10 N. Africa 8/ 11.44 19.72 25.24 2.68 42.42 0.50 13.48 Pakistan 2.62 24.00 0.39 0.60 24.10 0.75 2.16 Southeast Asia 9/ 3.84 0.00 16.40 2.46 15.84 0.88 3.53 Selected Other 0.00 India 24.20 93.51 0.03 4.80 93.85 6.05 17.83 FSU-12 13.94 103.87 7.39 22.85 73.08 37.10 15.02 Russia 4.95 52.09 0.80 12.50 34.10 18.53 5.21 Kazakhstan 2.94 13.94 0.01 2.00 6.80 8.10 1.99 Ukraine 2.58 22.28 0.07 3.40 11.50 9.76 3.67 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to di fferences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada , and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and South east Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, a nd Oman. 8/ Algeria, Egypt, Li bya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2015 WASDE - 539 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Feb 187.46 725.03 157.35 139.70 714.65 160.11 197.85 Mar 187.49 724.76 157.48 140.08 714.53 160.57 197.71 United States Feb 16.07 55.13 4.35 4.08 32.22 24.49 18.83 Mar 16.07 55.13 4.35 4.08 32.25 24.49 18.80 Total Foreign Feb 171.40 669.91 153.00 135.62 682.43 135.62 179.01 Mar 171.42 669.63 153.13 136.00 682.28 136.08 178.91 Major Exporters 4/ Feb 29.09 221.49 6.17 64.20 147.48 77.50 31.76 Mar 29.01 221.49 6.17 64.70 147.98 78.00 30.68 Argentina Feb 2.56 12.50 0.04 0.10 6.15 6.50 2.45 Mar 2.56 12.50 0.04 0.10 6.15 6.50 2.45 Australia Feb 6.24 24.00 0.15 3.60 7.00 17.00 6.39 Mar 6.16 24.00 0.15 4.10 7.50 17.00 5.81 Canada Feb 9.65 29.30 0.48 4.50 9.83 23.00 6.60 Mar 9.65 29.30 0.48 4.50 9.83 23.00 6.60 European Union 5/ Feb 10.64 155.69 5.50 56.00 124.50 31.00 16.32 Mar 10.64 155.69 5.50 56.00 124.50 31.50 15.82 Major Importers 6/ Feb 93.11 196.14 84.38 35.50 271.87 7.92 93.84 Mar 93.06 195.62 84.78 35.35 271.35 7.94 94.17 Brazil Feb 1.89 6.30 6.70 0.70 12.00 1.50 1.39 Mar 1.89 5.90 6.70 0.60 11.60 1.50 1.39 China Feb 60.27 126.00 1.50 23.00 124.00 1.00 62.77 Mar 60.27 126.00 1.50 23.00 124.00 1.00 62.77 Sel. Mideast 7/ Feb 10.15 17.53 23.28 4.72 38.61 1.53 10.82 Mar 10.10 17.42 23.18 4.37 38.17 1.53 10.99 N. Africa 8/ Feb 13.48 16.80 24.35 2.28 42.35 0.55 11.73 Mar 13.48 16.80 24.15 2.28 42.25 0.55 11.63 Pakistan Feb 2.16 25.00 0.75 1.20 25.10 0.70 2.11 Mar 2.16 25.00 0.75 1.20 25.10 0.70 2.11 Southeast Asia 9/ Feb 3.53 0.00 17.20 2.71 16.56 0.84 3.34 Mar 3.53 0.00 18.00 3.01 16.98 0.86 3.69 Selected Other India Feb 17.83 95.91 0.05 4.50 93.99 3.50 16.30 Mar 17.83 95.85 0.05 4.50 93.73 3.50 16.50 FSU-12 Feb 15.02 112.35 7.64 24.58 75.89 37.74 21.38 Mar 15.02 112.65 7.51 24.58 75.89 37.66 21.64 Russia Feb 5.21 59.00 0.35 13.00 35.50 20.00 9.06 Mar 5.21 59.00 0.35 13.00 35.50 20.00 9.06 Kazakhstan Feb 1.99 13.00 0.40 2.00 6.80 6.00 2.58 Mar 1.99 13.00 0.40 2.00 6.80 6.00 2.58 Ukraine Feb 3.67 24.75 0.05 4.00 12.00 11.00 5.47 Mar 3.67 24.75 0.05 4.00 12.00 11.00 5.47 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to di fferences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada , and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and South east Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, a nd Oman. 8/ Algeria, Egypt, Li bya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2015 WASDE - 539 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 166.14 1,136.26 128.77 668. 60 1,135.74 122.88 166.66 United States 27.82 285.31 6.64 115.21 275.54 20.70 23.53 Total Foreign 138.32 850.95 122.13 553.39 860.20 102.17 143.13 Major Exporters 4/ 16.98 170.21 1.97 76.93 105.23 62.11 21.82 Argentina 1.34 37.25 0.00 7.79 12.05 24.05 2.48 Australia 0.94 11.41 0.00 3.91 5.49 6.02 0.85 Brazil 9.82 84.25 1.27 47.05 55.80 24.98 14.56 Canada 3.39 24.43 0.51 12.97 20.26 4.99 3.08 Major Importers 5/ 38.88 227.33 92.11 238.36 317.44 8.10 32.79 European Union 6/ 15.60 145.89 11.85 113.68 153.10 7.36 12.88 Japan 1.09 0.18 17.74 13.22 18.03 0.00 0.98 Mexico 1.86 28.88 7.60 19.33 36.20 0.52 1.62 N. Afr & Mideast 7/ 12.56 26.48 23.53 45.85 53.03 0.13 9.41 Saudi Arabia 3.21 0.36 10.74 10.50 10.93 0.00 3.39 Southeast Asia 8/ 2.64 25.27 7.98 25.06 32.97 0.09 2.83 South Korea 1.52 0.21 8.27 6.53 8.71 0.00 1.29 Selected Other 0.00 China 60.36 212.19 5.60 146.05 209.67 0.11 68.38 FSU-12 6.16 68.22 0.73 35.55 50.21 19.87 5.04 Russia 1.81 28.66 0.34 16.40 25.13 4.30 1.38 Ukraine 2.42 29.53 0.05 10.93 14.66 15.00 2.33 2013/14 Est. Beginnin g Stock s Productio n Import sDomesti c FeedDomesti c Total 2 / Export s Endin g Stock s World 3/ 166.66 1,280.65 154.40 735. 81 1,238.60 163.76 208.71 United States 23.53 367.09 3.23 133.51 305.11 54.42 34.31 Total Foreign 143.13 913.56 151.17 602.30 933.49 109.34 174.40 Major Exporters 4/ 21.82 175.04 1.87 81.47 111.67 56.47 30.59 Argentina 2.48 35.67 0.01 8.74 13.60 21.20 3.36 Australia 0.85 12.45 0.00 3.69 5.36 6.95 0.98 Brazil 14.56 82.60 1.20 48.28 58.08 21.02 19.27 Canada 3.08 28.75 0.54 15.26 22.49 5.28 4.60 Major Importers 5/ 32.79 248.53 112.24 257.44 340.07 10.98 42.50 European Union 6/ 12.88 158.51 16.24 122.38 164.30 8.63 14.70 Japan 0.98 0.19 17.50 12.88 17.69 0.00 0.98 Mexico 1.62 32.02 11.32 23.62 40.89 0.50 3.58 N. Afr & Mideast 7/ 9.41 30.22 29.89 49.18 56.69 0.31 12.52 Saudi Arabia 3.39 0.36 11.69 10.53 10.95 0.00 4.49 Southeast Asia 8/ 2.83 26.94 10.54 26.86 34.96 1.55 3.80 South Korea 1.29 0.20 10.50 7.81 10.11 0.00 1.87 Selected Other 0.00 China 68.38 225.07 12.45 161.78 227.60 0.03 78.26 FSU-12 5.04 87.63 0.73 40.12 55.98 30.72 6.70 Russia 1.38 35.74 0.21 18.80 28.52 6.95 1.86 Ukraine 2.33 39.92 0.08 12.32 16.23 22.77 3.33 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjust ed to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in som e countries. 4/ Argentina, Australia, Canada, Brazil, a nd South Africa. 5/ The European Union, Me xico, Japan, selected North Africa and Midd le East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Mala ysia, Philippines, Thailand, and Vietnam. March 2015 WASDE - 539 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Feb 210.60 1,275.49 147.79 760. 30 1,262.03 152.26 224.06 Mar 208.71 1,275.03 149.97 762. 62 1,264.68 155.83 219.06 United States Feb 34.31 377.12 3.14 138.80 313.01 52.33 49.24 Mar 34.31 377.12 3.10 140.07 313.01 53.64 47.88 Total Foreign Feb 176.28 898.37 144.65 621.50 949.01 99.94 174.83 Mar 174.40 897.91 146.88 622.55 951.67 102.19 171.18 Major Exporters 4/ Feb 32.32 155.45 2.86 82.82 113.86 47.75 29.01 Mar 30.59 154.28 2.86 82.12 112.96 48.77 25.99 Argentina Feb 3.96 30.52 0.01 9.17 14.43 16.51 3.55 Mar 3.36 31.02 0.01 9.17 14.43 17.51 2.45 Australia Feb 0.91 11.21 0.00 4.21 5.89 5.60 0.63 Mar 0.98 11.54 0.00 3.81 5.49 6.13 0.91 Brazil Feb 18.27 77.71 1.21 49.78 59.60 19.52 18.07 Mar 19.27 77.71 1.21 49.78 59.60 20.52 18.07 Canada Feb 4.60 21.92 1.54 14.04 21.49 3.60 2.96 Mar 4.60 21.92 1.54 14.04 21.49 3.60 2.96 Major Importers 5/ Feb 42.65 253.40 102.37 262.94 346.40 10.90 41.12 Mar 42.50 253.40 103.17 262.94 346.40 12.20 40.47 European Union 6/ Feb 14.70 168.25 8.28 122.80 164.92 9.65 16.66 Mar 14.70 168.25 8.28 122.30 164.42 10.95 15.86 Japan Feb 0.98 0.17 17.79 13.18 17.99 0.00 0.95 Mar 0.98 0.17 17.79 13.18 17.99 0.00 0.95 Mexico Feb 3.58 31.14 11.20 24.42 41.94 0.50 3.48 Mar 3.58 31.14 11.20 24.42 41.94 0.50 3.48 N. Afr & Mideast 7/ Feb 12.62 25.39 30.77 50.77 58.53 0.11 10.13 Mar 12.52 25.39 31.47 51.27 59.03 0.11 10.23 Saudi Arabia Feb 4.50 0.36 11.05 11.45 11.93 0.00 3.99 Mar 4.49 0.36 11.15 11.45 11.93 0.00 4.07 Southeast Asia 8/ Feb 3.80 27.74 9.24 27.99 36.19 0.64 3.95 Mar 3.80 27.74 9.24 27.99 36.19 0.64 3.95 South Korea Feb 1.91 0.21 9.69 8.05 10.32 0.00 1.49 Mar 1.87 0.21 9.69 8.05 10.32 0.00 1.45 Selected Other China Feb 78.26 222.15 14.13 168.18 234.23 0.13 80.19 Mar 78.26 222.15 15.65 169.70 235.75 0.13 80.19 FSU-12 Feb 6.70 91.43 0.78 43.88 60.12 30.28 8.51 Mar 6.70 91.62 0.78 44.15 60.34 30.20 8.55 Russia Feb 1.86 40.55 0.18 22.10 32.40 7.01 3.17 Mar 1.86 40.55 0.18 22.10 32.40 7.01 3.17 Ukraine Feb 3.33 39.35 0.06 12.85 16.59 22.39 3.76 Mar 3.33 39.35 0.06 12.85 16.59 22.39 3.76 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjust ed to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Uni on, Mexico, Japan, selected No rth Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Al geria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tuni sia, and Turkey. 8/ Indonesia, Malaysia, Philippi nes, Thailand, and Vietnam. March 2015 WASDE - 539 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 /ExportsEnding Stocks World 3/ 132.13 868.00 99.42 517.67 864.46 95.16 135.66 United States 25.12 273.19 4.06 109.60 262.97 18.55 20.86 Total Foreign 107.01 594.80 95.36 408.07 601.49 76.61 114.80 Major Exporters 4/ 11.39 120.87 0.97 54.90 71.40 45.69 16.13 Argentina 0.90 27.00 0.00 5.30 7.90 18.69 1.32 Brazil 9.21 81.50 0.89 44.50 52.50 24.95 14.15 South Africa 1.28 12.37 0.08 5.10 11.00 2.06 0.66 Major Importers 5/ 15.36 111.65 56.87 119.58 168.81 2.82 12.26 Egypt 2.22 5.80 5.06 10.00 12.00 0.01 1.07 European Union 6/ 6.68 58.90 11.36 53.00 69.60 2.19 5.15 Japan 0.61 0.00 14.41 10.00 14.50 0.00 0.52 Mexico 1.32 21.59 5.68 11.00 27.00 0.52 1.06 Southeast Asia 7/ 2.64 25.22 7.96 25.00 32.90 0.09 2.82 South Korea 1.48 0.08 8.17 6.48 8.48 0.00 1.26 Selected Other 0.00 Canada 1.37 13.06 0.48 6.28 11.61 1.75 1.55 China 59.34 205.61 2.70 144.00 200.00 0.08 67.57 FSU-12 2.45 32.31 0.34 15.52 18.09 15.00 2.00 Ukraine 1.05 20.92 0.04 6.80 8.10 12.73 1.19 2013/14 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ ExportsEnding Stocks World 3/ 135.66 989.61 122.12 573.10 953.13 130.38 172.14 United States 20.86 351.27 0.91 127.92 293.05 48.70 31.29 Total Foreign 114.80 638.34 121.21 445.19 660.09 81.67 140.85 Major Exporters 4/ 16.13 120.98 0.83 57.20 75.30 40.00 22.64 Argentina 1.32 26.00 0.01 5.80 8.80 17.00 1.52 Brazil 14.15 80.00 0.80 46.00 55.00 21.00 18.95 South Africa 0.66 14.98 0.03 5.40 11.50 2.00 2.17 Major Importers 5/ 12.26 120.01 75.83 133.46 185.62 4.45 18.03 Egypt 1.07 5.80 8.50 11.00 13.20 0.01 2.16 European Union 6/ 5.15 64.26 15.92 58.00 76.50 2.40 6.42 Japan 0.52 0.00 15.12 10.60 15.10 0.00 0.55 Mexico 1.06 22.88 10.95 15.20 31.70 0.50 2.69 Southeast Asia 7/ 2.82 26.89 10.53 26.80 34.90 1.53 3.80 South Korea 1.26 0.08 10.41 7.76 9.89 0.00 1.86 Selected Other 0.00 Canada 1.55 14.19 0.51 7.52 12.70 1.95 1.60 China 67.57 218.49 3.28 154.00 212.00 0.02 77.32 FSU-12 2.00 46.90 0.42 18.67 21.44 24.65 3.24 Ukraine 1.19 30.90 0.05 8.50 9.90 20.00 2.24 1/ Aggregate of local marketing years. 2/ Total forei gn and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Mala ysia, Philippines, Thailand, and Vietnam. March 2015 WASDE - 539 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Feb 173.80 991.29 112.10 595.54 975.45 115.14 189.64 Mar 172.14 989.66 112.80 597.16 976.52 116.84 185.28 United States Feb 31.29 361.09 0.64 133.36 302.15 44.45 46.42 Mar 31.29 361.09 0.64 134.63 302.15 45.72 45.15 Total Foreign Feb 142.51 630.20 111.46 462.19 673.30 70.69 143.22 Mar 140.85 628.57 112.16 462.54 674.37 71.12 140.13 Major Exporters 4/ Feb 24.34 111.50 0.84 59.10 77.70 35.50 23.48 Mar 22.64 110.00 0.84 58.80 77.20 36.00 20.28 Argentina Feb 2.02 23.00 0.01 6.10 9.40 13.50 2.13 Mar 1.52 23.50 0.01 6.10 9.40 14.50 1.13 Brazil Feb 17.95 75.00 0.80 47.50 56.50 19.50 17.75 Mar 18.95 75.00 0.80 47.50 56.50 20.50 17.75 South Africa Feb 4.37 13.50 0.03 5.50 11.80 2.50 3.60 Mar 2.17 11.50 0.03 5.20 11.30 1.00 1.40 Major Importers 5/ Feb 18.03 131.01 64.80 138.80 191.88 3.65 18.32 Mar 18.03 131.01 64.80 138.80 191.88 3.65 18.32 filler filler filler filler filler filler filler Egypt Feb 2.16 5.75 7.50 11.50 13.80 0.01 1.60 Mar 2.16 5.75 7.50 11.50 13.80 0.01 1.60 European Union 6/ Feb 6.42 74.16 8.00 59.50 78.50 2.50 7.58 Mar 6.42 74.16 8.00 59.50 78.50 2.50 7.58 Japan Feb 0.55 0.00 15.40 10.90 15.40 0.00 0.55 Mar 0.55 0.00 15.40 10.90 15.40 0.00 0.55 Mexico Feb 2.69 23.20 10.90 16.80 33.55 0.50 2.74 Mar 2.69 23.20 10.90 16.80 33.55 0.50 2.74 Southeast Asia 7/ Feb 3.80 27.68 9.20 27.90 36.10 0.64 3.95 Mar 3.80 27.68 9.20 27.90 36.10 0.64 3.95 South Korea Feb 1.86 0.08 9.60 8.00 10.10 0.00 1.43 Mar 1.86 0.08 9.60 8.00 10.10 0.00 1.43 Selected Other Canada Feb 1.60 11.50 1.50 7.50 12.90 0.50 1.20 Mar 1.60 11.50 1.50 7.50 12.90 0.50 1.20 China Feb 77.32 215.50 2.50 158.00 216.00 0.10 79.22 Mar 77.32 215.50 2.50 158.00 216.00 0.10 79.22 FSU-12 Feb 3.24 43.77 0.42 20.39 23.26 20.84 3.33 Mar 3.24 43.64 0.42 20.39 23.21 20.76 3.33 Ukraine Feb 2.24 28.45 0.05 9.00 10.40 18.00 2.34 Mar 2.24 28.45 0.05 9.00 10.40 18.00 2.34 1/ Aggregate of local marketing years. 2/ Total foreign a nd world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not ba lance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Ar gentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast As ia. 6/ Trade excludes intra-tr ade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2015 WASDE - 539 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ 106.83 472.00 36.54 468.68 39.40 110.15 United States 1.30 6.35 0.67 3.78 3.39 1.16 Total Foreign 105.53 465.65 35.87 464.90 36.02 108.99 Major Exporters 4/ 36.81 158.78 0.75 128.85 27.87 39.61 India 25.10 105.24 0.00 94.03 10.87 25.44 Pakistan 0.55 5.80 0.05 2.32 3.58 0.50 Thailand 9.33 20.20 0.60 10.60 6.72 12.81 Vietnam 1.83 27.54 0.10 21.90 6.70 0.86 Major Importers 5/ 12.93 62.72 13.13 75.47 1.07 12.25 Brazil 0.54 8.04 0.64 7.85 0.84 0.53 European Union 6/ 1.15 2.10 1.40 3.25 0.20 1.19 Indonesia 7.40 36.55 0.65 38.13 0.00 6.48 Nigeria 1.02 2.37 2.80 5.30 0.00 0.89 Philippines 1.51 11.43 1.40 12.85 0.00 1.49 Sel. Mideast 7/ 0.97 1.77 4.84 6.07 0.00 1.50 Selected Other 0.00 Burma 0.40 11.72 0.00 10.40 1.16 0.55 C. Amer & Carib 8/ 0.43 1.65 1.42 3.14 0.01 0.35 China 45.02 143.00 3.14 144.00 0.34 46.83 Egypt 0.49 4.68 0.02 4.05 0.70 0.43 Japan 2.75 7.76 0.69 8.25 0.20 2.74 Mexico 0.15 0.13 0.74 0.84 0.00 0.19 South Korea 0.76 4.01 0.51 4.49 0.00 0.78 2013/14 Est. Beginning Stocks Production ImportsTotal /2 Domestic ExportsEnding Stocks World 3/ 110.15 477.08 38.95 480.78 42.27 106.46 United States 1.16 6.12 0.73 4.00 2.99 1.03 Total Foreign 108.99 470.96 38.22 476.78 39.28 105.43 Major Exporters 4/ 39.61 161.86 0.63 134.69 30.84 36.57 India 25.44 106.54 0.00 99.18 10.15 22.65 Pakistan 0.50 6.70 0.03 2.63 3.40 1.20 Thailand 12.81 20.46 0.30 10.88 10.97 11.72 Vietnam 0.86 28.16 0.30 22.00 6.33 1.00 Major Importers 5/ 12.25 63.67 12.99 76.52 1.18 11.19 Brazil 0.53 8.30 0.70 7.90 0.90 0.73 European Union 6/ 1.19 1.97 1.53 3.25 0.24 1.19 Indonesia 6.48 36.30 1.23 38.50 0.00 5.50 Nigeria 0.89 2.77 2.80 5.80 0.00 0.66 Philippines 1.49 11.86 1.20 12.85 0.00 1.70 Sel. Mideast 7/ 1.50 1.95 4.01 6.17 0.00 1.29 Selected Other 0.00 Burma 0.55 11.96 0.00 10.45 1.66 0.40 C. Amer & Carib 8/ 0.35 1.72 1.43 3.18 0.01 0.30 China 46.83 142.53 4.02 146.30 0.26 46.81 Egypt 0.43 4.75 0.04 4.00 0.60 0.61 Japan 2.74 7.83 0.65 8.25 0.20 2.78 Mexico 0.19 0.13 0.69 0.86 0.00 0.15 South Korea 0.78 4.23 0.31 4.46 0.00 0.86 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World impor ts and exports may not balance due to differen ces in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philipp ines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ C entral American and Caribbean countries. March 2015 WASDE - 539 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ Feb 106.79 474.56 39.50 483.13 42.17 98.22 Mar 106.46 474.86 40.03 483.68 42.58 97.64 United States Feb 1.03 7.07 0.73 4.19 3.29 1.34 filler filler filler filler filler filler Mar 1.03 7.07 0.73 4.19 3.33 1.31 Total Foreign Feb 105.77 467.49 38.77 478.94 38.88 96.88 filler filler filler filler filler filler Mar 105.43 467.79 39.30 479.48 39.26 96.33 Major Exporters 4/ Feb 36.57 156.25 0.73 134.65 30.30 28.60 Mar 36.57 156.40 0.73 134.85 30.60 28.25 India Feb 22.65 102.00 0.00 99.15 8.70 16.80 Mar 22.65 102.50 0.00 99.35 9.00 16.80 filler filler filler filler filler filler Pakistan Feb 1.20 6.50 0.03 2.70 3.90 1.13 Mar 1.20 6.50 0.03 2.70 3.90 1.13 Thailand Feb 11.72 19.50 0.30 10.90 11.00 9.62 Mar 11.72 19.15 0.30 10.90 11.00 9.27 Vietnam Feb 1.00 28.25 0.40 21.90 6.70 1.05 Mar 1.00 28.25 0.40 21.90 6.70 1.05 Major Importers 5/ Feb 11.25 63.99 14.50 78.07 1.15 10.52 Mar 11.19 63.99 14.68 78.15 1.15 10.57 Brazil Feb 0.73 8.30 0.70 7.90 0.90 0.93 filler filler filler filler filler filler Mar 0.73 8.30 0.70 7.90 0.90 0.93 European Union 6/ Feb 1.19 1.97 1.50 3.26 0.22 1.18 Mar 1.19 1.97 1.50 3.26 0.22 1.19 Indonesia Feb 5.50 36.50 1.30 39.20 0.00 4.10 Mar 5.50 36.50 1.30 39.20 0.00 4.10 Nigeria Feb 0.66 2.55 3.50 6.10 0.00 0.61 Mar 0.66 2.55 3.50 6.10 0.00 0.61 Philippines Feb 1.70 12.20 1.60 13.20 0.00 2.30 Mar 1.70 12.20 1.60 13.20 0.00 2.30 Sel. Mideast 7/ Feb 1.35 1.95 4.28 6.28 0.00 1.29 Mar 1.29 1.95 4.45 6.36 0.00 1.33 Selected Other Burma Feb 0.51 12.15 0.00 10.70 1.55 0.41 Mar 0.40 12.15 0.00 10.60 1.60 0.35 C. Amer & Carib 8/ Feb 0.33 1.77 1.56 3.31 0.01 0.33 Mar 0.30 1.77 1.56 3.31 0.01 0.30 China Feb 46.81 144.50 4.00 148.00 0.40 46.91 Mar 46.81 144.50 4.40 148.40 0.40 46.91 Egypt Feb 0.61 4.50 0.03 4.00 0.50 0.64 Mar 0.61 4.50 0.03 4.00 0.50 0.64 Japan Feb 2.78 7.68 0.70 8.20 0.20 2.76 Mar 2.78 7.68 0.70 8.20 0.20 2.76 Mexico Feb 0.15 0.16 0.78 0.89 0.00 0.19 Mar 0.15 0.16 0.78 0.89 0.00 0.19 South Korea Feb 0.86 4.24 0.41 4.45 0.00 1.06 Mar 0.86 4.24 0.41 4.45 0.00 1.06 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-28. 6/ Tr ade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. March 2015 WASDE - 539 - 26 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2012/13 Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World 73.78 123.63 46.30 107.78 46.74 -0.83 90.02 United States 3.35 17.31 0.01 3.50 13.03 0.35 3.80 Total Foreign 70.43 106.32 46.29 104.28 33.71 -1.18 86.22 Major Exporters 4/ 29.11 53.51 1.59 30.69 29.11 -1.32 25.72 Central Asia 5/ 3.06 7.32 3 / 2.33 5.30 0.00 2.75 Afr. Fr. Zone 6/ 1.12 4.25 3 / 0.17 4.14 0.00 1.07 S. Hemis 7/ 13.60 12.23 0.17 5.22 11.48 -0.33 9.62 Australia 3.81 4.60 3 / 0.04 6.17 -0.20 2.40 Brazil 7.99 6.00 0.07 4.10 4.31 -0.15 5.80 India 10.87 28.50 1.19 21.85 7.76 -1.00 11.95 Major Importers 8/ 39.19 49.63 41.97 69.26 2.71 0.14 58.69 Mexico 0.71 1.04 0.95 1.80 0.23 0.03 0.65 China 31.08 35.00 20.33 36.00 0.05 0.00 50.36 European Union 9/ 0.69 1.49 0.92 0.92 1.58 0.05 0.56 Turkey 1.24 2.65 3.69 6.05 0.22 0.00 1.32 Pakistan 2.84 9.30 1.80 10.75 0.45 0.03 2.71 Indonesia 0.53 0.03 3.14 3.05 0.01 0.00 0.64 Thailand 0.26 3 / 1.51 1.50 0.01 0.03 0.24 Bangladesh 0.87 0.11 3.90 3.90 0.00 0.01 0.97 Vietnam 0.32 0.02 2.41 2.25 0.00 0.00 0.49 2013/14 Est. Beginning Stocks Production ImportsDomestic Use ExportsLoss /2 Ending Stocks World 90.02 120.44 40.58 109.10 40.73 -0.49 101.71 United States 3.80 12.91 0.01 3.55 10.53 0.19 2.45 Total Foreign 86.22 107.53 40.57 105.55 30.20 -0.69 99.26 Major Exporters 4/ 25.72 57.01 1.31 32.28 25.91 -0.83 26.67 Central Asia 5/ 2.75 6.55 3 / 2.41 4.33 0.00 2.57 Afr. Fr. Zone 6/ 1.07 4.37 3 / 0.17 4.10 0.00 1.16 S. Hemis 7/ 9.62 14.06 0.23 5.35 7.83 -0.34 11.07 Australia 2.40 4.10 3 / 0.04 4.85 -0.20 1.81 Brazil 5.80 8.00 0.15 4.20 2.23 -0.15 7.67 India 11.95 31.00 0.68 23.35 9.26 -0.50 11.52 Major Importers 8/ 58.69 47.23 36.31 68.81 2.55 0.14 70.73 Mexico 0.65 0.92 1.04 1.85 0.16 0.03 0.58 China 50.36 32.75 14.12 34.50 0.03 0.00 62.71 European Union 9/ 0.56 1.60 0.87 0.90 1.51 0.05 0.56 Turkey 1.32 2.30 4.25 6.30 0.20 0.00 1.36 Pakistan 2.71 9.50 1.20 10.40 0.51 0.03 2.48 Indonesia 0.64 0.03 2.99 3.05 0.01 0.00 0.60 Thailand 0.24 3 / 1.55 1.55 0.00 0.03 0.22 Bangladesh 0.97 0.12 4.10 4.15 0.00 0.01 1.02 Vietnam 0.49 0.02 3.20 3.20 0.00 0.00 0.51 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marke ting channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks base d on supply less total use and indicated endi ng stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kaza khstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Re public, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Austra lia, Brazil, Paraguay, South Africa, Tanzan ia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes H ong Kong, Japan, Russia, South Korea, a nd Taiwan. 9/ Includes intra-EU trade. March 2015 WASDE - 539 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2014/15 Proj. Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World Feb 101.66 119.37 34.20 111.25 34.24 -0.09 109.84 Mar 101.71 119.24 34.40 110.96 34.42 -0.09 110.06 United States Feb 2.45 16.08 0.01 3.65 10.70 -0.01 4.20 Mar 2.45 16.08 0.01 3.65 10.70 -0.01 4.20 Total Foreign Feb 99.21 103.29 34.19 107.60 23.54 -0.09 105.64 Mar 99.26 103.16 34.39 107.31 23.72 -0.09 105.86 filler filler filler filler filler filler filler Major Exporters 4/ Feb 26.63 53.42 1.69 32.61 19.30 -0.23 30.05 Mar 26.67 53.40 1.69 32.62 19.62 -0.23 29.75 Central Asia 5/ Feb 2.52 6.31 3 / 2.40 3.55 0.00 2.88 Mar 2.57 6.21 3 / 2.40 3.45 0.00 2.93 Afr. Fr. Zone 6/ Feb 1.16 4.71 3 / 0.16 4.05 0.00 1.66 Mar 1.16 4.78 3 / 0.16 4.08 0.00 1.71 S. Hemis 7/ Feb 11.07 11.08 0.24 5.15 7.22 -0.24 10.25 Mar 11.07 11.08 0.24 5.16 7.62 -0.24 9.85 Australia Feb 1.81 2.20 3 / 0.04 3.00 -0.10 1.07 Mar 1.81 2.20 3 / 0.04 3.00 -0.10 1.07 Brazil Feb 7.67 7.00 0.15 4.00 3.40 -0.15 7.57 Mar 7.67 7.00 0.15 4.00 3.75 -0.15 7.22 India Feb 11.52 30.50 1.10 24.00 4.20 0.00 14.92 Mar 11.52 30.50 1.10 24.00 4.20 0.00 14.92 filler filler filler filler filler filler filler Major Importers 8/ Feb 70.73 46.52 29.42 70.52 2.52 0.14 73.49 Mar 70.73 46.62 29.62 70.27 2.47 0.14 74.09 Mexico Feb 0.58 1.22 0.95 1.85 0.18 0.03 0.70 Mar 0.58 1.22 0.90 1.85 0.15 0.03 0.67 China Feb 62.71 30.00 7.30 35.50 0.05 0.00 64.46 Mar 62.71 30.00 7.30 35.00 0.05 0.00 64.96 European Union 9/ Feb 0.56 1.54 0.84 0.90 1.33 0.05 0.66 Mar 0.56 1.54 0.84 0.90 1.30 0.05 0.68 Turkey Feb 1.36 3.20 3.60 6.40 0.23 0.00 1.53 Mar 1.36 3.20 3.55 6.35 0.23 0.00 1.53 Pakistan Feb 2.48 10.40 0.80 10.50 0.60 0.03 2.55 Mar 2.48 10.50 0.75 10.50 0.60 0.03 2.60 Indonesia Feb 0.60 0.03 3.25 3.20 0.01 0.00 0.67 Mar 0.60 0.03 3.35 3.30 0.01 0.00 0.67 Thailand Feb 0.22 3 / 1.48 1.45 0.01 0.03 0.21 Mar 0.22 3 / 1.48 1.45 0.01 0.03 0.21 Bangladesh Feb 1.02 0.12 4.45 4.35 0.00 0.01 1.23 Mar 1.02 0.12 4.55 4.45 0.00 0.01 1.23 Vietnam Feb 0.51 0.02 3.80 3.55 0.00 0.00 0.77 Mar 0.51 0.02 3.95 3.65 0.00 0.00 0.82 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing ch annel; for Australia, Brazil, China, and the United States, refl ects the difference between implicit stocks based on supply less total use a nd indicated ending stocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenist an, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions liste d, includes Hong Kong, Japan, Russia, South Kor ea, and Taiwan. 9/ Includes intra-EU trade. March 2015 WASDE - 539 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Domestic CrushDomestic TotalExports Ending Stocks World 2/ 54.45 268.77 95.91 230.19 261.20 100.53 57.39 United States 4.61 82.79 1.10 45.97 48.83 35.85 3.83 Total Foreign 49.84 185.97 94.80 184.22 212.37 64.69 53.56 Major Exporters 3/ 29.82 143.15 0.42 71.90 77.41 58.69 37.30 Argentina 16.30 49.30 0.00 33.61 36.05 7.74 21.81 Brazil 13.02 82.00 0.40 35.24 38.19 41.90 15.33 Paraguay 0.47 8.20 0.03 2.95 3.05 5.52 0.13 Major Importers 4/ 17.26 15.33 84.23 86.63 103.21 0.38 13.22 China 15.91 13.05 59.87 64.95 76.18 0.27 12.38 European Union 0.80 0.95 12.54 13.23 13.96 0.09 0.23 Japan 0.13 0.24 2.83 1.92 3.01 0.00 0.18 Mexico 0.13 0.25 3.41 3.65 3.69 0.00 0.10 2013/14 Est. Beginnin g Stock s Productio n Import sDomesti c CrushDomesti c Total Export sEndin g Stock s World 2/ 57.39 283.74 111.25 240.85 273.02 113.04 66.32 United States 3.83 91.39 1.95 47.19 49.85 44.82 2.50 Total Foreign 53.56 192.35 109.30 193.65 223.17 68.22 63.82 Major Exporters 3/ 37.30 152.40 0.61 75.95 81.87 62.81 45.63 Argentina 21.81 54.00 0.00 36.17 38.97 7.84 29.00 Brazil 15.33 86.70 0.61 36.28 39.28 46.83 16.53 Paraguay 0.13 8.20 0.01 3.35 3.45 4.80 0.08 Major Importers 4/ 13.22 14.78 96.22 91.55 108.59 0.30 15.33 China 12.38 12.20 70.36 68.85 80.30 0.22 14.43 European Union 0.23 1.23 12.99 13.59 14.17 0.06 0.22 Japan 0.18 0.20 2.89 1.94 3.05 0.00 0.23 Mexico 0.10 0.25 3.84 4.03 4.07 0.00 0.13 2014/15 Proj. Beginnin g Stock s Productio n Import s Domesti c CrushDomesti c Total Export s Endin g Stock s World 2/ Feb 66.25 315.06 113.66 254.52 288.53 117.18 89.26 Mar 66.32 315.06 114.08 254.19 288.50 117.42 89.53 United States Feb 2.50 108.01 0.68 48.85 52.00 48.72 10.48 Mar 2.50 108.01 0.68 48.85 52.00 48.72 10.48 Total Foreign Feb 63.75 207.04 112.98 205.66 236.53 68.47 78.78 Mar 63.82 207.04 113.40 205.33 236.50 68.70 79.05 Major Exporters 3/ Feb 45.78 162.40 0.58 80.58 87.04 61.70 60.02 Mar 45.63 162.40 0.31 80.58 86.95 61.98 59.41 Argentina Feb 29.00 56.00 0.00 39.18 42.28 8.00 34.72 Mar 29.00 56.00 0.00 39.18 42.28 8.00 34.72 Brazil Feb 16.53 94.50 0.55 37.60 40.75 46.00 24.83 Mar 16.53 94.50 0.30 37.60 40.75 46.00 24.58 Paraguay Feb 0.23 8.50 0.03 3.60 3.79 4.52 0.45 Mar 0.08 8.50 0.01 3.60 3.70 4.80 0.09 Major Importers 4/ Feb 15.31 15.44 100.25 97.67 115.19 0.43 15.38 Mar 15.33 15.44 100.30 97.71 115.25 0.35 15.47 China Feb 14.43 12.35 74.00 74.50 86.20 0.35 14.23 Mar 14.43 12.35 74.00 74.50 86.20 0.25 14.33 European Union Feb 0.22 1.72 12.75 13.60 14.28 0.06 0.34 Mar 0.22 1.72 12.75 13.60 14.28 0.07 0.34 Japan Feb 0.23 0.21 2.90 1.97 3.07 0.00 0.27 Mar 0.23 0.21 2.90 1.97 3.09 0.00 0.25 Mexico Feb 0.12 0.29 3.95 4.20 4.24 0.00 0.12 Mar 0.13 0.29 4.05 4.25 4.29 0.00 0.18 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an Octobe r-September year. 2/ World i mports and exports may not balance due to differences in local marketing years and to time lags be tween reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japa n, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Phil ippines, Vietnam, and Thailand). March 2015 WASDE - 539 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 10.02 181.29 53.83 177.40 57.94 9.80 United States 0.27 36.17 0.22 26.28 10.14 0.25 Total Foreign 9.74 145.12 53.61 151.12 47.80 9.55 Major Exporters 3/ 6.38 61.32 0.04 19.29 41.26 7.19 Argentina 2.92 26.09 0.00 1.60 23.67 3.74 Brazil 3.20 27.31 0.03 14.20 13.24 3.10 India 0.26 7.92 0.01 3.49 4.35 0.35 Major Importers 4/ 1.55 14.14 31.17 45.28 0.57 1.00 European Union 0.44 10.43 16.94 27.12 0.54 0.15 Southeast Asia 5/ 0.90 2.26 12.47 14.80 0.04 0.78 2013/14 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 9.80 189.34 57.84 186.41 60.02 10.55 United States 0.25 36.91 0.31 26.76 10.48 0.23 Total Foreign 9.55 152.43 57.54 159.65 49.54 10.33 Major Exporters 3/ 7.19 62.61 0.03 20.35 41.66 7.82 Argentina 3.74 27.89 0.00 1.80 24.97 4.86 Brazil 3.10 28.08 0.03 14.50 13.95 2.76 India 0.35 6.64 0.01 4.05 2.74 0.20 Major Importers 4/ 1.00 14.67 33.88 47.87 0.37 1.31 European Union 0.15 10.74 18.18 28.50 0.31 0.26 Southeast Asia 5/ 0.78 2.47 13.72 15.95 0.06 0.96 2014/15 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Feb 10.58 200.92 61.62 197.61 64.57 10.94 Mar 10.55 200.82 60.76 197.09 64.07 10.97 United States Feb 0.23 39.10 0.23 27.67 11.61 0.27 Mar 0.23 39.10 0.23 27.67 11.61 0.27 Total Foreign Feb 10.35 161.82 61.39 169.94 52.96 10.66 Mar 10.33 161.72 60.53 169.42 52.46 10.70 Major Exporters 3/ Feb 7.82 66.11 0.03 21.27 45.18 7.52 Mar 7.82 65.60 0.03 21.17 44.58 7.70 Argentina Feb 4.86 30.39 0.00 2.10 28.83 4.32 Mar 4.86 30.39 0.00 2.10 28.83 4.32 Brazil Feb 2.76 29.00 0.03 14.78 14.10 2.90 Mar 2.76 29.13 0.03 14.78 14.10 3.03 India Feb 0.20 6.72 0.01 4.39 2.25 0.29 Mar 0.20 6.08 0.01 4.29 1.65 0.35 Major Importers 4/ Feb 1.20 14.89 36.18 50.31 0.46 1.50 Mar 1.31 14.90 35.88 50.09 0.46 1.53 European Union Feb 0.26 10.75 19.30 29.44 0.39 0.48 Mar 0.26 10.75 19.30 29.44 0.39 0.48 Southeast Asia 5/ Feb 0.85 2.65 14.78 17.27 0.07 0.94 Mar 0.96 2.66 14.58 17.15 0.07 0.97 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Ar gentina, Brazil, and India. 4/ European Union, Southeast Asia , and Japan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. March 2015 WASDE - 539 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 4.13 43.10 8.47 42.59 9.36 3.76 United States 1.15 8.99 0.09 8.48 0.98 0.77 Total Foreign 2.98 34.11 8.38 34.11 8.38 2.98 Major Exporters 3/ 1.07 15.64 0.40 9.72 6.51 0.88 Argentina 0.32 6.36 0.09 2.28 4.24 0.26 Brazil 0.42 6.76 0.01 5.53 1.25 0.40 European Union 0.33 2.51 0.30 1.91 1.01 0.22 Major Importers 4/ 1.07 13.79 3.88 17.17 0.16 1.41 China 0.62 11.63 1.41 12.55 0.08 1.02 India 0.36 1.75 1.09 2.95 0.00 0.25 North Africa 5/ 0.10 0.41 1.39 1.68 0.08 0.14 2013/14 Est. Beginnin g Stock s Productio n Import sD omestic Total Export s Endin g Stock s World 2/ 3.76 44.96 9.35 45.35 9.37 3.36 United States 0.77 9.13 0.08 8.60 0.85 0.53 Total Foreign 2.98 35.83 9.28 36.75 8.52 2.83 Major Exporters 3/ 0.88 16.33 0.33 10.47 6.24 0.83 Argentina 0.26 6.79 0.01 2.73 4.09 0.24 Brazil 0.40 6.96 0.00 5.77 1.38 0.22 European Union 0.22 2.58 0.33 1.98 0.77 0.38 Major Importers 4/ 1.41 14.22 4.59 18.67 0.22 1.33 China 1.02 12.34 1.35 13.66 0.09 0.96 India 0.25 1.48 1.83 3.30 0.00 0.26 North Africa 5/ 0.14 0.41 1.40 1.71 0.13 0.12 2014/15 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Feb 3.22 47.44 9.21 46.65 9.67 3.55 Mar 3.36 47.37 9.41 46.79 9.75 3.61 United States Feb 0.53 9.34 0.07 8.32 0.93 0.68 Mar 0.53 9.34 0.07 8.32 0.93 0.68 Total Foreign Feb 2.69 38.10 9.13 38.32 8.74 2.87 Mar 2.83 38.04 9.34 38.46 8.82 2.92 Major Exporters 3/ Feb 0.83 17.24 0.32 11.00 6.45 0.94 Mar 0.83 17.24 0.31 11.00 6.45 0.93 Argentina Feb 0.24 7.44 0.01 2.89 4.48 0.32 Mar 0.24 7.44 0.01 2.89 4.48 0.32 Brazil Feb 0.22 7.22 0.00 6.04 1.17 0.22 Mar 0.22 7.22 0.00 6.04 1.17 0.22 European Union Feb 0.37 2.58 0.31 2.07 0.80 0.40 Mar 0.38 2.58 0.30 2.07 0.80 0.39 Major Importers 4/ Feb 1.31 15.30 4.29 19.44 0.18 1.28 Mar 1.33 15.14 4.44 19.43 0.21 1.26 China Feb 0.96 13.34 1.00 14.26 0.08 0.96 Mar 0.96 13.34 1.00 14.26 0.08 0.96 India Feb 0.26 1.50 1.93 3.45 0.00 0.23 Mar 0.26 1.35 2.00 3.40 0.00 0.21 North Africa 5/ Feb 0.10 0.46 1.37 1.73 0.10 0.09 Mar 0.12 0.44 1.44 1.77 0.13 0.09 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and i mports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and Eurpoean Union. 4/ China, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. March 2015 WASDE - 539 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Mea t 2/Broiler Turkey Total Poultry 3 /Red Meat & PoultryEgg Milk Million Pounds Mil doz Bil lbs 2013 Annual 25,720 23,187 49,174 37,830 5, 806 44,159 93,333 8,145 201.2 2014 I 5,868 5,785 11,716 9,283 1, 332 10,740 22,456 2,032 51.0 II 6,183 5,504 11,754 9,618 1, 428 11,180 22,933 2,066 52.9 III 6,178 5,423 11,661 9,835 1, 478 11,448 23,109 2,099 51.2 IV 6,023 6,132 12,215 9,814 1, 517 11,459 23,673 2,139 51.0 Annual Feb Est. 24,252 22,844 47,345 38,548 5, 755 44,824 92,169 8,238 206.0 Mar Est. 24,252 22,844 47,345 38,550 5, 756 44,827 92,172 8,335 206.0 2015 I* 5,670 6,160 11,889 9,725 1, 450 11,305 23,194 2,070 52.4 II* 6,135 5,735 11,929 10,000 1, 500 11,640 23,569 2,095 54.2 III* 6,195 5,845 12,099 10,200 1, 550 11,895 23,994 2,110 52.3 IV* 6,060 6,380 12,502 10,100 1, 575 11,810 24,312 2,155 52.2 Annual Feb Proj. 24,220 24,090 48,553 39,950 6, 075 46,575 95,128 8,430 211.5 Mar Proj. 24,060 24,120 48,419 40,025 6, 075 46,650 95,069 8,430 211.1 * Projection. 1/ Commercial production for red meats; federa lly inspected for poultry meats. 2/ Beef, pork, veal and lamb & mutton. 3/ Broile rs, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/Barrows and gilts 3/Broilers 4/Turkeys 5/Eggs 6/Milk 7/ Dol./cw t Dol./cw t Cents/lb. Cents/lb. Cents/doz. Dol./cw t 2013 Annual 125.89 64.05 99.7 99.8 124.7 20.05 2014 I 146.34 68.69 98.4 100.7 142.7 24.53 II 147.82 85.40 113.7 105.6 134.6 24.23 III 158.49 83.30 104.6 110.2 129.3 24.37 IV 165.60 66.74 102.8 113.9 162.7 22.77 Annual Feb Est. 154.56 76.03 104.9 107.6 142.3 23.98 Mar Est. 154.56 76.03 104.9 107.6 142.3 23.98 2015 I* 158-161 49-50 97-98 99-100 141-144 16.80-17.00 II* 159-167 56-58 98-102 99-105 118-124 16.00-16.50 III* 156-168 57-61 96-104 103-111 112-122 17.05-17.85 IV* 156-170 53-57 95-103 107-115 133-145 18.30-19.30 Annual Feb Proj. 157-167 54-58 97-103 102-108 125-134 17.40-18.10 Mar Proj. 157-167 53-57 96-102 102-108 126-134 17.05-17.65 *Projection. 1/ Simple average of months . 2/ 5-Area, Direct, Total all grades 3/ National Base, Live equiv 51-52% lean. 4/ Who lesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. March 2015 WASDE - 539 - 32 U.S. Meats Supply and Use Item Beginning stocksProduction 1/ ImportsTotal Supply ExportsEnding StocksTotal UsePer Capita 2/ 3/ Million Pounds /4 Beef 2013 608 25,791 2,250 28,649 2,590 584 25,475 56.3 2014 Est. Feb 584 24,323 2,947 27,853 2,573 586 24,694 54.2 Mar 584 24,323 2,947 27,853 2,573 591 24,689 54.2 2015 Proj. Feb 586 24,291 2,810 27,687 2,450 485 24,752 54.0 Mar 591 24,131 2,860 27,582 2,400 485 24,697 53.9 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2013 625 23,200 880 24,705 4,992 618 19,095 46.8 2014 Est. Feb 618 22,858 1,007 24,483 4,858 551 19,073 46.4 Mar 618 22,858 1,007 24,483 4,858 559 19,065 46.4 2015 Proj. Feb 551 24,103 910 25,564 4,820 605 20,139 48.7 Mar 559 24,133 1,000 25,692 4,750 605 20,337 49.2 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2013 1,260 49,270 3,302 53,832 7,589 1,230 45,013 104.4 2014 Est. Feb 1,230 47,440 4,149 52,819 7,438 1,177 44,204 101.9 Mar 1,230 47,440 4,149 52,819 7,438 1,190 44,191 101.9 2015 Proj. Feb 1,177 48,648 3,911 53,736 7,280 1,123 45,333 103.9 Mar 1,190 48,514 4,051 53,755 7,160 1,128 45,467 104.2 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2013 651 37,425 122 38,198 7,345 669 30,184 81.9 2014 Est. Feb 669 38,136 117 38,921 7,304 680 30,937 83.4 Mar 669 38,137 117 38,923 7,304 680 30,939 83.4 2015 Proj. Feb 680 39,523 116 40,319 7,115 700 32,504 87.0 Mar 680 39,597 116 40,393 7,100 700 32,593 87.2 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2013 296 5,729 22 6,048 759 237 5,051 16.0 2014 Est. Feb 237 5,755 29 6,021 804 193 5,023 15.8 Mar 237 5,756 29 6,022 804 193 5,024 15.8 2015 Proj. Feb 193 6,075 28 6,296 775 275 5,246 16.3 Mar 193 6,075 28 6,296 765 300 5,231 16.3 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2013 949 43,678 146 44,772 8,213 912 35,648 99.2 2014 Est. Feb 912 44,411 148 45,471 8,218 876 36,376 100.4 Mar 912 44,414 148 45,474 8,218 876 36,379 100.5 2015 Proj. Feb 876 46,147 146 47,169 8,015 980 38,174 104.6 Mar 876 46,221 146 47,243 7,990 1,005 38,248 104.8 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2013 2,208 92,947 3,449 98,604 15,802 2,142 80,661 203.6 2014 Est. Feb 2,142 91,851 4,297 98,290 15,656 2,053 80,581 202.3 Mar 2,142 91,854 4,297 98,293 15,656 2,066 80,570 202.3 2015 Proj. Feb 2,053 94,795 4,057 100,905 15,295 2,103 83,507 208.5 Mar 2,066 94,735 4,197 100,998 15,150 2,133 83,715 209.0 1/ Total including farm production for red meats and, for pou ltry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis for red meat and broilers; certified ready-to-cook weight for turkey. 3/ Populati on source: Dept. of Commerce, Census Bureau . 4/ Carcass weight for red meats and cer tified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. March 2015 WASDE - 539 - 33 U.S. Egg Supply and Use Commodity 2012 2013 2014 Est. 2014 Est. 2015 Proj. 2015 Proj. Feb Mar Feb Mar Eggs Million Dozen Supply Beginning Stocks 27.7 20.8 23.0 23.0 23.3 23.3 Production 7,883.4 8,144.6 8,238.0 8 ,334.8 8,430.0 8,430.0 Imports 18.5 16.9 32.8 32.8 40.0 40.0 Total Supply 7,929.6 8,182.3 8,293.8 8 ,390.6 8,493.3 8,493.3 Use Exports 301.7 371.9 395.4 395.4 400.0 405.0 Hatching Use 940.8 959.9 976.0 976.2 1,000.0 1,000.0 Ending Stocks 20.8 23.0 23.3 23.3 23.0 23.0 Disappearance Total 6,666.3 6,827.5 6,899.2 6 ,995.7 7,070.3 7,065.3 Per Capita (number) 254.6 258.9 259.8 263.4 264.3 264.1 Total U.S. Milk Supply and Use Commodity 2012 2013 2014 Est. 2014 Est. 2015 Proj. 2015 Proj. Feb Mar Feb Mar Milk Billion Pounds Production 200.6 201.2 206.0 206.0 211.5 211.1 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 10.9 12.2 11.2 11.2 11.0 11.2 Marketings 199.7 200.3 205.0 205.1 210.5 210.1 Imports 4.1 3.7 4.3 4.3 4.0 4.1 Total Cml. Supply 214.7 216.2 220.5 220.5 225.5 225.5 Fat Basis Use Commercial Exports 8.8 12.4 12.5 12.5 11.1 10.8 Ending Commercial Stocks 12.2 11.2 11.0 11.2 11.7 11.5 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 193.7 192.6 197.0 196.9 202.7 203.1 Skim-solid Basis Supply Beg. Commercial Stocks 11.8 12.4 11.6 11.6 13.1 13.1 Marketings 199.7 200.3 205.0 205.1 210.5 210.1 Imports 5.7 5.3 5.6 5.6 5.5 5.5 Total Cml. Supply 217.2 217.9 222.2 222.3 229.1 228.7 Skim-solid Basis Use Commercial Exports 33.3 38.5 39.2 39.2 38.0 37.3 Ending Commercial Stocks 12.4 11.6 13.1 13.1 13.2 13.0 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 171.5 167.7 169.9 170.0 177.9 178.4 Total Note: Totals may not add due to rounding. March 2015 WASDE - 539 - 34 U.S. Dairy Prices Commodity 2012 2013 2014 Est. 2014 Est. 2015 Proj. 2015 Proj. Feb Mar Feb Mar Product Prices 1/ Dollars Pe r Pound Cheese 1.7076 1.7683 2.1551 2.1551 1.595- 1.6651.600- 1.660 Butter 1.5943 1.5451 2.1361 2.1361 1.655- 1.7551.670- 1.760 Nonfat Dry Milk 1.3279 1.7066 1.7682 1.7682 1.185- 1.2451.205- 1.255 Dry Whey 0.5935 0.5902 0.6538 0.6538 0.560- 0.5900.490- 0.520 Filler Dollars Pe r Cwt Milk Prices 2/ Class III 17.44 17.99 22.34 22.34 16.30- 17.0015.95- 16.55 Class IV 16.01 19.05 22.09 22.09 15.10- 15.9015.30- 16.00 All Milk 3/ 18.52 20.05 23.98 23.98 17.40- 18.1017.05- 17.65 1/ Simple average of monthly prices calculated by AMS from w eekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deduc tions from producers as authorized by legislation. March 2015 WASDE - 539 - 35 Note: Tables on pages 35-37 present a record of the March proj ection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that ch ances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0.6 percent. Chances are 9 out of 10 (90% confidence level) that the differe nce will not exceed 1.0 percent. The average difference between the March projection and the final estimate is 2.5 million tons, ranging from 0.0 million to 8. 0 million tons. The March projection has been below t he estimate 24 times and above 7.3 times. Reliability of March Projections 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final WHEAT Percent Million Metric Tons Production Worl d 0.6 1.0 2.5 0.0 8.0 24 9 U.S. 0.1 0.2 0.0 0.0 0.3 13 9 Forei gn 0.7 1.1 2.4 0.1 8.0 24 9 Exports Worl d 4.4 7.5 4.3 0.0 17.0 28 5 U.S. 3.2 5.4 0.8 0.0 2.4 19 14 Forei gn 5.4 9.2 4.1 0.2 16.0 26 7 Domestic Use Worl d 1.0 1.6 4.4 0.2 12.2 14 19 U.S. 3.8 6.5 0.9 0.0 2.4 14 19 Forei gn 1.0 1.6 4.1 0.1 11.5 18 15 Ending Stocks Worl d 4.2 7.1 5.0 0.2 14.1 22 11 U.S. 8.5 14.4 1.1 0.0 4.5 18 15 Forei gn 4.6 7.8 4.3 0.0 13.5 21 11 COARSE GRAINS 2/ Production Worl d 1.1 1.8 8.6 0.5 21.7 28 5 U.S. 0.2 0.3 0.1 0.0 1.3 13 7 Forei gn 1.5 2.6 8.7 0.5 21.7 28 5 Exports Worl d 4.9 8.3 4.4 0.0 17.6 23 10 U.S. 8.3 14.1 3.3 0.0 9.1 14 19 Forei gn 8.0 13.6 3.9 0.1 21.5 22 11 Domestic Use Worl d 1.0 1.6 6.4 0.2 24.2 18 15 U.S. 3.1 5.3 4.2 0.2 17.3 12 21 Forei gn 1.1 1.8 5.8 0.4 17.5 22 11 Ending Stocks Worl d 8.9 15.1 10.8 0.6 28.2 28 5 U.S. 14.2 24.0 4.9 0.1 15.3 20 13 Forei gn 11.1 18.9 8.0 0.5 27.0 29 4 RICE, milled Production Worl d 1.4 2.3 3.5 0.2 13.8 24 9 U.S. 1.4 2.3 0.0 0.0 0.2 11 6 Forei gn 1.4 2.4 3.4 0.1 13.8 24 9 Exports Worl d 8.4 14.3 1.4 0.1 5.3 27 6 U.S. 7.0 11.9 0.2 0.0 0.5 16 14 Forei gn 9.5 16.0 1.3 0.1 4.9 26 7 Domestic Use Worl d 1.1 1.9 3.0 0.2 9.8 23 10 U.S. 7.1 12.1 0.2 0.0 0.4 13 19 Forei gn 1.1 1.9 3.0 0.2 10.0 23 10 Ending Stocks Worl d 7.8 13.2 3.4 0.5 14.9 22 11 U.S. 19.8 33.6 0.2 0.0 0.4 18 14 Forei gn 8.1 13.8 3.4 0.3 14.5 22 11 1/ Footnotes at end of table. CONTINUED March 2015 WASDE - 539 - 36 Reliability of March Projections (Continued) Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final SOYBEANS Percent Million Metric Tons Production World 2.3 3.9 3.1 0.1 12.4 18 15 U.S. 1.4 2.3 0.6 0.0 2.5 15 11 Foreign 3.8 6.5 3.0 0.1 12.6 18 15 Exports World 5.7 9.7 2.3 0.0 11.5 21 11 U.S. 6.3 10.7 1.4 0.1 3.7 23 10 Foreign 15.4 26.1 2.1 0.1 9.5 15 18 Domestic Use World 2.1 3.6 2.6 0.0 11.4 18 15 U.S. 3.0 5.1 1.1 0.0 3.0 22 10 Foreign 2.5 4.3 2.1 0.1 12.8 16 17 Ending Stocks World 13.6 23.0 3.2 0.1 13.9 17 16 U.S. 30.2 51.3 1.7 0.1 5.4 9 24 Foreign 14.5 24.6 2.5 0.1 9.7 22 11 COTTON Million 480-Pound Bales Production World 1.8 3.0 1.3 0.0 5.2 21 10 U.S. 1.0 1.7 0.1 0.0 0.3 12 20 Foreign 2.2 3.7 1.3 0.0 5.3 21 11 Exports World 5.2 8.8 1.3 0.0 6.5 17 15 U.S. 6.5 11.1 0.5 0.0 1.4 14 18 Foreign 6.8 11.5 1.1 0.0 5.8 20 13 Domestic Use World 2.1 3.6 1.4 0.0 6.0 16 17 U.S. 3.8 6.4 0.2 0.0 0.7 19 12 Foreign 3.5 5.9 1.7 0.1 10.0 17 16 Ending Stocks World 8.9 15.1 2.9 0.2 8.5 21 12 U.S. 13.4 22.7 0.5 0.0 1.6 11 22 Foreign 9.7 16.5 2.9 0.0 7.9 23 10 1/ Marketing years 1981/82 through 2013/14 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the ma rketing year for 1981/82 through 2013/14. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. March 2015 WASDE - 539 - 37 Reliability of United Stat es March Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final CORN Percent Million Bushels Production 0 . 2 0 . 320 3 812 Exports 8.4 14.2 115 13 292 13 20 Domestic Use 3.0 5.1 147 9 474 13 20 Ending Stocks 15.9 27.0 193 3 713 21 12 SORGHUM Production 0 . 2 0 . 300402 Exports 13.8 23.5 25 0 90 20 11 Domestic Use 12.7 21.5 32 1 178 14 19 Ending Stocks 41.1 69.8 26 1 148 14 19 BARLEY Production 0.5 0.9 1 0 11 13 4 Exports 15.2 25.8 6 0 20 11 19 Domestic Use 5 . 8 9 . 81 5 07 01 41 7 Ending Stocks 13.0 22.1 14 1 53 21 12 OATS Production 0 . 4 0 . 600244 Exports 3 6 . 7 6 2 . 210356 Domestic Use 4 . 6 7 . 71 1 13 61 51 8 Ending Stocks 14.3 24.2 12 1 47 18 15 SOYBEAN MEAL Thousand Short Tons Production 2.9 4.9 826 79 2,328 25 8 Exports 9.0 15.3 564 50 2,150 27 6 Domestic Use 2.4 4.1 524 41 2,066 23 10 Ending Stocks 36.4 61.7 63 0 214 14 17 SOYBEAN OIL Million Pounds Production 2.9 4.9 386 7 1,173 25 8 Exports 19.2 32.5 249 0 750 20 12 Domestic Use 2.4 4.0 276 9 760 21 12 Ending Stocks 17.9 30.3 250 17 721 20 13 ANIMAL PROD. 3/ Million Pounds Beef 2.7 4.6 556 103 1,613 22 10 Pork 3.0 5.1 341 5 1,667 21 11 Broilers 1.6 2.7 342 16 961 18 14 Turkeys 2.7 4.6 112 3 371 18 14 Million Dozen Eggs 1.3 2.2 72 3 178 20 12 Billion Pounds Milk 1.4 2.4 1.7 0.0 5.2 19 12 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2013/14 for grains, soybeans, and cotton. Final for grains , soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2013/14. Calendar years 1983 through 2013 for meats, eggs, and milk. Final for animal products is defined as th e latest annual production estimate published by NASS for 1983-2013. WASDE-539-38 Related USDA Reports The WASDE report incorporates information from a numbe r of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at http://www.fas.usda.gov/psd/online . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric-Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 UNITED STATES DEPARTMENT OF AGRICULTURE WORLD AGRICULTURAL OUTLOOK BOARD WASHINGTON, D.C. 20250-3812 ___________________ OFFICIAL BUSINESS Penalty for Private Use, $300 FIRST-CLASS MAIL POSTAGE & FEES PAID USDA PERMIT NO. G-289 World Agricultural Supply and Demand Estimates WASDE-539 – March 10, 2015 Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e-mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu . Select the “Reports by E-Mail” bar to sign up. Print Subscriptions: For print subscriptions, call the National Technical Information Service (NTIS) at 1-800- 999-6779 or 703-605-6220. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250-9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 594 Approved by the World Agricultura l Outlook Board November 8, 2019 WHEAT: The outlook for 2019/20 U.S. wheat this month is for smaller supplies, reduced domestic use, and lower stocks. Wheat supplies are decreased 42 million bushels , based o n updated production estimates for the S tates resurveyed following the NASS Small Grains Summary , issued September 30. Adjustments to production in these S tates, where significant acreage remained unharvested in early September, lowers production estimate s for Hard Red Spring wheat , White wheat , and Durum with most reductions occurring in North Dakota and Montana. Estimated seed use is reduced 7 million bushels to 61 million, reflecting a projected 2020/21 all wheat planted acreage of 45.0 mil lion. Food use is lowered 5 million bushels to 955 million, primarily based on the NASS Flour Milling Products report, issued November 1. Projected 2019/20 wheat stocks are reduced 30 million bu shels to 1,014 million. The season -average farm price is reduced $0.10 per bushel to $4.60, based on NASS prices reported to date and expectations for cash and futures prices the remainder of the 2019/20 marketing year. The global outlook for wheat this month is for higher supplies, increased exports, fractionally greater consumption, and higher ending stocks. Supplies are raised with increased production forecasts for the EU, Russia, and Ukraine more than offsetting reductions for Argentina and Australi a. EU and Russia production forecasts are raised to 153.0 and 74. 0 million tons, respectively , on updated harvest results. Australia’ s production is lowered to 17.2 million tons on further damage from the continent ’s severe drought and is now forecast lower than last year ’s drought-affected crop . Argentina ’s production i s reduced to 20.0 million tons on dry conditions but remains record large . World exports are raised by 1.0 million tons to 180. 7 million on increases for the EU, Russia, a nd Ukraine more than offsetting reductions for Argentina and Australia. Global consump tion is nearly unchanged at 755.2 million tons , which is 3 percent greater than last year. With global supplies rising more than consumption, 2019/20 ending stocks are raised to a record 288.3 million tons with China comprising 5 1 percent of the total. COARSE GRAINS: This month’s 2019/ 20 U.S. corn outlook is for lower production, reduced use, and smaller ending stocks . Corn production is forecast at 13. 661 billion bushels, down 118 million from last month on a 1.4 -bushel reduction in yield to 167.0 bush els per acre . Feed and residual use is down 25 million bushels based on a smaller crop and higher expected prices . Exports are reduced reflecting the slow pace of early-season sales and shipments . Corn used for ethanol is down 25 million bushels based on September data from the Grain Crushings and Co- Products Production report and weekly ethanol production data as reported by the Energy Information Administration for the month of October . With supply falling more than use , corn ending stocks are lowered 18 million bushels from last month . The season- average corn price received by producers is raised 5 cents to $3.85 per bushel based on observed prices to date. WASDE- 594-2 Glob al coarse grain production for 20 19/20 is forecast 1.8 million tons lower to 1,394.9 millio n. This month ’s 2019/20 foreign coarse grain outlook is for larger production , increased trade, and lower stocks relative to last month. Foreign c orn production is forecast higher as increase s for several African countries , as wel l as Russia and Turke y, more than offset declines for Mexico, Ukraine , and the EU . For Mexico, production is lowered as area for summer season corn is e xpected to be the lowest on record. Yield forecasts for Russia and Ukraine are raised and lowered, respectively, based on observed harvest results to date. Corn ex ports are raised for Brazil and Russia, with reductions for the United States and Mexico. For 2018/19, corn exports for Brazil are raised for the local marketing year beginning March 2019, based on shipme nts observed t hrough O ctober . For 2019/20, corn impo rts are raised for Vietnam, Colombia, Japan , and South Korea . Partly offsetting , are reductions for Iran, Egypt , Malaysia , and Turkey. Foreign corn ending stocks are lower relative to last month, with declines f or Brazil, Iran, Mexico, China, and A rgentina that are partly offset by small increases for several Af rican countries . Global corn ending stocks, at 296.0 millio n tons, are down 6.6 million . RICE : This mon th’s outlook for 2019/20 U.S. rice is for slightly lower supplies, unchanged use, and decreased ending stocks. The NASS November Crop Production report indicated 2019/20 rice production is lowered 0.7 million cwt from the previous forecast to 187.9 million. Long -grain is lowered 0.5 million cwt and c ombined medium - and short -grain is lowered 0.2 million cwt. The average all rice yield is down 29 pounds to 7,587 pounds per acre. The production decrease corresponds t o a 0.7 million cwt decrease in all rice ending stocks. The season- average farm price is unchanged at $13.00 per cwt, up from last year ’s revised $12.30. Global 2019/20 rice supplies are raised 1.4 million tons, mainly on increased beginning stocks ref lecting lower 2018/19 consumption. Several mostly offsetting changes led to fractionally lower global production. India production is raised 1.0 million tons due to ample water supplies and increased planting intentions of the irrigated Rabi crop. Indonesia produc tion is lowered 0.9 million tons due to the delayed onset of the monsoon, and the Philippines are lowered 0.2 million tons as farmers shift production to more profitable crops. Global exports for 2019/20 are lowered fractionally led by a 0.5- million -ton reduction for Thailand as its expor t prices are expected to remain uncompeti tive. Partly offsetting is a 0.2 - million -ton increase in India exports reflecting the larger crop, and a 0.2- million -ton increase for Vietnam on improved price competitivenes s. Global imports are down 0.5 million tons with a 0.8- million -ton increase for Indonesia more than offset by 0.6- million -ton decrease for China, a 0.4- million -ton decrease for Nigeria, and a 0.2 -million -ton decrease for the Philippines. Ending stocks ar e raised 2.0 million tons to a record 17 7.0 million. OILSEEDS : The U.S. soybe an outlook is for slightly lower production, reduced crush , and higher ending stocks. Soybean production is forecast at 3.55 b illion bushels, down less than 1 million on frac tionally lower yields and unchanged harvested area. Soybean crush is reduced 15 million bushels to 2.1 1 billion on lower -than expected early -season crush and reduced soybean meal export prospects. With reduced crush, soybean ending stocks are projected at 475 million bushels, up 15 million. The U.S. season -average soybean price for 2019/20 is forecast at $9.00 per bushel, unchanged from last month. The soybean meal price forecast is also unchanged at $325.00 WASDE- 594-3 per short ton. The soybean oil price is forecast at $0.31 per pound, up $0.01 from last month on sharply higher reported pric es through October. The foreign oilseed supply and demand forecasts for 2019/ 20 includ e lower production, crush , and stocks , compared with last month. Foreign production is forecast at 463.6 million tons, down 3.4 million on lower soybean, cottonseed, su nflowerseed, and rapeseed production. Soybean production for India is reduced 2.0 million tons to 9.0 million on lower yields resulting from excessive late- season rainfall . Soybean production is also reduced for Canada on lower yields . Other production changes include lower sunflowerseed production for Argentina and lower rapeseed production for Australia and the European Union. Fo reign soybean crush changes for 2019/ 20 include reductions for India, China, and Canada. Foreign soybean ending stocks for 2019/ 20 are reduced with lower projections for Argentina, Canada, and India only partly offset with higher forecasts for Brazil and Egypt. SUGAR : Estimates of U.S. sugar supply and use for 2018/19 are revised on complete fiscal year Sweetener Market Dat a (SMD) and trade data through September from U.S. Census and FAS . Beet sugar production is increased 29,680 short tons, raw value ( STRV) and Louisiana cane sugar production is increased 29,015 STRV , both on higher -than-expected production in September 2019 . Deliveries for human consumption are estimated at 1 2.106 million STRV, a reduction of 19,347 from last month. Delivery growth of 0.5 percent over the previous year results from a relatively large increase in direct consumption imports . Combined domestic beet and cane sugar processors ’ deliveries have remained flat since 2016/17 . Ending stocks are estimated at 1.779 million STRV impl ying an ending stocks -to- use ratio of 14.5 percent and adding 54,105 STRV to 2019/20 beginning stocks over last month. Beet sugar production for 2019/20 is projected at 4.588 million STRV, a reduction of 466,485 due to poor harvest conditions resulting in lower s ugarbeet production. Beet processors reduc ed their sliced sugarbeets projection in SMD by 10.3 percent to 28. 442 million tons. The largest reductions are centered in the Red River Valley. Louisiana cane sugar production is reduced by 105,803 STRV to 1. 794 m illion based on a lower NASS sugarcane yield forecast and processors ’ lower recovery rate. Deliveries for huma n consumption are reduced by 25,000 STRV to 12.125 million in line with the reduction for 2018/19. Ending stocks are residually projected at 1. 285 million STRV for an ending stocks -to-use ratio of 10. 5 percent. Estimates of Mexico sugar supply and use for 2018/19 are revised on complete fiscal year data published by CONADESUCA and U.S. Census. Sugar production for 2019/20 is projected at 5.772 million metric tons (MT), a reduction of 293,320 MT from last month. The projection matches the first publishe d CONADESUCA survey of most, if not all, sugar mills in Mexico. Although area harvested is up 0.64 percent, sugarcane yield is down 10.95 p ercent from last year to 63.17 MT/hectare. Drought has severely reduced yields in the Northeast and Gulf of Mexico production regions. Deliveries for human consumption for 2019/20 are projected down 142,587 MT from last month to 4.057 million. This is 35 ,316 MT lower than the estimate for 2018/19 and reportedly attributable to a continuing trend of food manufacturers reformulating the sugar content in products. The FAS Mexico Post also notes the effects of negative health campaigns, increased use of high fructose corn syrup in food and beverage products, and government taxes on sugar -containing products. Ending stoc ks are forecast at 935,751 MT, a sufficient amount to cover delivery needs before the start of the WASDE- 594-4 2020/21 campaign. Exports to non- U.S. des tinations are residually forecast at 641,329 MT. Exports to the United States are unchanged from last month. LIVES TOCK, POULTRY, AND DAIRY : The forecast for 2019 total red meat and poultry production is raised from last month on higher beef, pork , broiler , and turkey production. Beef production is raised from the previous month on higher expected slaughter of both f ed and non- fed cattle. The pork production forecast is raised on both higher hog slaughter and slightly higher carcass weights. The b roiler production forecast is raised as hatchery data points to larger supplies of bir ds available for slaughter in the f ourth quarter. Turkey production is raised on higher -than-expected third- quarter production and higher expected supplies of birds in the fourth quarter . Egg production is reduced on lower reported hatching egg production in the third quarter which more t han offset s higher -than-expected table egg production. However, no change is made to the fourth -quarter production for ecast . For 2020, the total red meat and poultry forecast is increased from last month as higher broiler and turkey production more than offsets a lower beef production forecast . The pork production forecast is unchanged. Broiler and turkey production forecasts are raised as t he increase in production late this year is forecast to carry into late 2020. The beef production forecast is reduced on a slower expected pace of gains in carcass weights. A slightly slower pace of feedlot marketings also contributes to the reduced production forecast. The 20 20 egg production forecast is unchanged from the previous month. Beef and pork trade for 2019 are adjusted to reflect third- quarter reported data; the forecast s for the fourth -quarter 2019 and for 2020 are unchanged from last m onth. The 2019 broiler export forecast is lowered as weaker -than-expected third quarter exports further dampen expec tations for shipments in the fourth quarter; no change is made to the 2020 forecast. Turkey export forecasts for 2019 and 2020 are unchanged . The cattle price forecast is raised for fourth -quarter 2019 based on recent data; no change is made to the 2020 forecast. The 2019 and 2020 hog price forecasts are reduced on current price weakness. The 201 9 broiler price forecast is raised from the previous month on current prices . The price strength is carried into early 2020, but increased production in the later part of 2020 is expected to pressure prices; the 2020 annual price forecast is unchanged . The 2019 and 20 20 turkey price forecasts are unchanged from the previous month. The egg price forecast for 2019 is increased on current price strength, but the 2020 forecast is unchanged. The m ilk production forecast s for 201 9 and 20 20 are r aised from the previous month as stronger growth in milk per cow more than offsets a slower expected recovery in the cow inventory. The 2019 fat basis import forecast is raised on recent trade data; the 2020 import forecast is unchanged. The fat basis export forecast for 20 20 is lowered as higher domestic cheese prices are expected to affect the competitiveness of U.S. cheese in international markets. The skim -solids basis import forecast for 2019 is reduced on lower imports of milk protein products . The 2020 f orecast is unchanged. The 2019 s kim-solids basis export forecast is raised on stronger sales of nonfat/ skim milk powder (NDM/SMP). The 2020 forecast is unchanged as weak exports of ch eese and whey products offset higher expected NDM/SMP sales . WASDE- 594-5 Cheese and nonfat dr y milk (NDM) price forecasts for both 2019 and 202 0 are raised from last month on strength i n demand. For both 2019 and 2020, butter and whey prices are lowered on current pr ice weakness which is expected to carry into 2020. The 2019 Class III and Class IV pr ice forecast s are raised as the higher cheese price more than offsets the lower whey pr ice. The 2019 Class IV price is raised as the higher NDM price more than offsets a wea ker butter price, but for 2020, the lower butter price outweighs the higher NDM price and the Class IV price is reduced. The 2019 all milk price forecast is raised to $18.60 per cwt ; the 2020 all milk price is forecast unchanged at $18.85 per cwt. COTTON : This month ’s 2019/ 20 U.S. cotton estimates include low er production and ending stocks due to a smaller crop in the Southwest. While the U.S. production forecast is r educed 4 percent, to 20.8 million bales, domestic mill use and exports are unchanged. U.S. ending stocks are now 900,000 bales lower at 6.1 million but, at 3 1 percent, are still forecast at their highest share of use since 2008/09. The marketing -year average price received by upland producers is forecast at 61 cents per pound, 5 percent ( 3 cents) above the October forecast , but 13 percent lower than the final 201 8/19 price of 70.3 cents . This month’ s 2019/20 world cotton forecasts include lower production, lower ending stocks and higher world trade. World production is reduced nearly 3 .0 million bales, with reductions occurring primarily in the United States, Pa kistan, India, and China. There are also smaller declines in the production estimates for Turk ey and T urkmenistan. World trade is forecast 1.1 million bales higher, with higher imports by Turkey, Pakistan, and India more than offsetting a 200,000 -bale decline in Indonesia. Higher exports are projected from Brazil, Malaysia, Benin, Greece, India, and several smaller countries. With little change from the previous month in beginning stocks or consumption, world 2019/20 cotton ending stocks are projected nearly 3 .0 million bales lower this month . At 8 0.8 million bales, world ending stocks in 2019/20 are for ecast nearly unchanged from 2018/19. Approved by the Secretary of Agriculture and t he Acting- Chairman of the World Agricultural Outlook Board, Mark Jekanowski , (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates C ommittees. APPROVED BY : STEPHEN CENSKY SECRETARY OF AGRICULTURE DESIGN ATE WASDE- 594-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estima tes (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers, ICEC Chair, WAOB, [email protected] Jennifer Bond, ERS; Andrew Sowell, FAS; Pete Ri ley, FPAC. Rice: William Chambers, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Nicole Podesta, FAS; Vidalina Abadam, FPAC . Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Tom Capehart, ERS; Yoonhee Macke, FAS; Sharon Raszap, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Mark Ash, ERS; Bill George, FAS; Sherrie Grimm, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; James Johnson, F AS; Kent Lanclos, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Michael McConnell, ERS; Ron Lord, FAS; Barbara Fecso, FPAC. Meat Animal s: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Lindsay Kuberka, FAS. Poultry: Shayle Shagam, ICEC Chai r, WAOB, [email protected] Peyton Ferrier, AMS; Kim Ha, ERS; Claire Mezoughem, FAS . Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS ; Paul Kiendl, FAS. In 2019, the WASDE report will be released on Dec 10 . In 2020, the WASDE report will be released on Jan 10, Feb 11, Mar 10, Apr 9, May 12, June 11, July 10, Aug 12, Sep 11, Oct 9, Nov 10, and Dec 10 . WASDE- 594-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U. S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Fe ed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice S upply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Product ion .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Us e ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subs criptions ...................................................................... 40 November 2019 WASDE - 594 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2017/18 2618.41 3416.96 414.83 2600.42 816.54 2018/19 (Est.) 2629.43 3445.97 428.40 2647.47 798.49 filler filler filler filler filler 2019/20 (Proj.) Oct 2659.68 3460.07 426.56 2663.17 796.90 2019/20 (Proj.) Nov 2658.19 3456.69 428.02 2664.54 792.15 filler filler filler filler filler Wheat 2017/18 762.31 1025.03 182.47 742.31 282.73 2018/19 (Est.) 731.28 1014.01 172.89 736.11 277.90 filler filler filler filler filler 2019/20 (Proj.) Oct 765.23 1042.91 179.68 755.11 287.80 2019/20 (Proj.) Nov 765.55 1043. 45 180.68 755.17 288.28 filler filler filler filler filler Coarse Grains 5/ 2017/18 1361.22 1747.20 185.23 1375.95 371.25 2018/19 (Est.) 1398.80 1770.05 211.36 1422.75 347.30 filler filler filler filler filler 2019/20 (Proj.) Oct 1396.68 1747.53 201.01 1413. 52 334.01 2019/20 (Proj.) Nov 1394.89 1742.19 201.56 1415.37 326.83 filler filler filler filler filler Rice, milled 2017/18 494.88 644.73 47.13 482.17 162.56 2018/19 (Est.) 499.34 661.90 44.15 488.61 173.29 filler filler filler filler filler 2019/20 (Proj.) Oct 497.77 669.62 45.88 494.54 175.09 2019/20 (Proj.) Nov 497.76 671.05 45.78 494.01 177.04 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2017/18 437.43 541.29 94.57 357.95 88.76 2018/19 (Est.) 438.36 534.34 83.39 362.37 88.58 filler filler filler filler filler 2019/20 (Proj.) Oct 423.03 519.25 79.77 356.92 82.56 2019/20 (Proj.) Nov 419.05 515.22 78.76 355.32 81.14 filler filler filler filler filler Wheat 2017/18 47.38 83.81 24.66 29.25 29.91 2018/19 (Est.) 51.31 84.89 25.48 30.02 29.39 filler filler filler filler filler 2019/20 (Proj.) Oct 53.39 86.04 25.86 31.79 28.40 2019/20 (Proj.) Nov 52.26 84.91 25.86 31.46 27.59 filler filler filler filler filler Coarse Grains 5/ 2017/18 384.39 449.48 67.16 324.41 57.92 2018/19 (Est.) 379.93 440.49 54.94 327.77 57.77 filler filler filler filler filler 2019/20 (Proj.) Oct 363.65 424.85 50.90 320.97 52.98 2019/20 (Proj.) Nov 360.82 421.98 49.89 319.70 52.39 filler filler filler filler filler Rice, milled 2017/18 5.66 8.00 2.76 4.30 0.93 2018/19 (Est.) 7.12 8.97 2.97 4.58 1.42 filler filler filler filler filler 2019/20 (Proj.) Oct 5.99 8.35 3.02 4.16 1.18 2019/20 (Proj.) Nov 5.97 8.33 3.02 4.16 1.16 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/im port imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixe d grains). November 2019 WASDE - 594 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2017/18 2,180.98 2,875.6 7 320.25 2,242.47 727.78 2018/19 (Est.) 2,191.07 2,911.62 345.01 2,285.10 709.92 filler filler filler filler filler 2019/20 (Proj.) Oct 2,236.65 2,940.82 346.78 2,306.25 714.34 2019/20 (Proj.) Nov 2,239.15 2,941.47 349.26 2,309. 22 711.00 filler filler filler filler filler Wheat 2017/18 714.93 941.22 157.81 713.06 252.82 2018/19 (Est.) 679.98 929.12 147.41 706.09 248.51 filler filler filler filler filler 2019/20 (Proj.) Oct 711.84 956.87 153.82 723.32 259.40 2019/20 (Proj.) Nov 713.29 958.54 154.82 723.71 260.68 filler filler filler filler filler Coarse Grains 5/ 2017/18 976.83 1,297.72 118.08 1,051.55 313.33 2018/19 (Est.) 1,018.87 1,329.57 156.41 1,094.98 289.54 filler filler filler filler filler 2019/20 (P roj.) Oct 1,033.03 1,322.68 150.10 1,092.55 281.03 2019/20 (Proj.) Nov 1,034.06 1,320.21 151.67 1,095.67 274.43 filler filler filler filler filler Rice, milled 2017/18 489.23 636.73 44.37 477.87 161.63 2018/19 (Est.) 492.22 652.93 41.18 484.0 3 171.87 filler filler filler filler filler 2019/20 (Proj.) Oct 491.78 661.27 42.86 490.38 173.91 2019/20 (Proj.) Nov 491.79 662.72 42.76 489.85 175.89 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estima te. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, a nd mixed grain s. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2017/18 123.78 204.07 41.41 122.76 80.94 2018/19 (Est.) 118.80 199.74 41.28 120.29 80.55 filler filler filler filler filler 2019/20 (Proj.) Oct 124.77 205.50 42.91 121.61 83.69 2019/20 (Proj.) Nov 121.94 202.49 44.03 121.49 80.80 filler filler filler filler filler United States 2017/18 20.92 23.68 16.28 3.23 4.20 2018/19 (Est.) 18.37 22.57 14.76 2.98 4.85 filler filler filler filler filler 2019/20 (Proj.) Oct 21.71 26.56 16.50 3.00 7.00 2019/20 (Proj.) Nov 20.82 25.67 16.50 3.00 6.10 filler filler filler filler filler Foreign 4/ 2017/18 102.86 180.40 25.14 119.54 76.74 2018/19 (Est.) 100.43 177.17 26.52 117.31 75.70 filler filler filler filler filler 2019/20 (Proj.) Oct 103.07 178.94 26.41 118.61 76.69 2019/20 (Proj.) Nov 101.12 176.82 27.53 118.49 74.70 filler filler filler filler filler 1/ Marketing y ear beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. November 2019 WASDE - 594 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2017/18 580.77 690.45 176.30 484.13 116.52 2018/19 (Est.) 596.69 713.20 171.18 489.90 127.77 filler filler filler filler filler 2019/20 (Proj.) Oct 574.85 703.02 172.38 498.21 109.75 2019/20 (Proj.) Nov 571.30 699.06 172.55 494.66 109.99 filler filler filler filler filler Oilmeals 2017/18 331.71 349.08 89.12 328.60 16.56 2018/19 (Est.) 333.79 350.34 93.42 331.69 14.88 filler filler filler filler filler 2019/20 (Proj.) Oct 340.32 355.04 94.21 338.20 14.27 2019/20 (Proj.) Nov 337.76 352.64 93.64 336.39 13.79 filler filler filler filler filler Vegetable O ils 2017/18 198.67 219.33 79.87 192.25 22.22 2018/19 (Est.) 203.24 225.46 86.19 200.14 21.09 filler filler filler filler filler 2019/20 (Proj.) Oct 207.50 228.78 88.61 205.21 19.66 2019/20 (Proj.) Nov 206.47 227.55 88.69 204.54 19.09 filler filler filler filler filler United States Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2017/18 131.48 142.50 59.31 60.17 13.83 2018/19 (Est.) 130.72 145.65 48.70 61.03 26.66 filler filler filler filler filler 2019/20 (Proj.) Oct 107.93 135.94 49.53 62.32 14.19 2019/20 (Proj.) Nov 107.74 135.58 49.53 61.60 14.63 filler filler filler filler filler Oilmeals 2017/18 47.03 51.17 13.00 37.61 0.56 2018/19 (Est.) 46.52 51.02 12.58 38.01 0.42 filler filler filler filler filler 2019/20 (Proj.) Oct 47.77 52.07 12.74 38.91 0.42 2019/20 (Proj.) Nov 47.33 51.59 12.42 38.75 0.42 filler filler filler filler filler Vegetable Oils 2017/18 12.11 18.12 1.34 15.54 1.24 2018/19 (Es t.) 12.19 18.14 1.10 15.88 1.16 filler filler filler filler filler 2019/20 (Proj.) Oct 12.58 18.54 1.02 16.46 1.05 2019/20 (Proj.) Nov 12.41 18.37 1.01 16.34 1.02 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Endin g Sto c ks Oilseeds 2017/18 449.29 547.94 116.99 423.97 102.69 2018/19 (Est.) 465.97 567.55 122.48 428.87 101.11 filler filler filler filler filler 2019/20 (Proj.) Oct 466.92 567.08 122.84 435.89 95.56 2019/20 (Proj. ) Nov 463.55 563.49 123.01 433.06 95.37 filler filler filler filler filler Oilmeals 2017/18 284.69 297.91 76.12 291.00 16.00 2018/19 (Est.) 287.27 299.33 80.83 293.68 14.46 filler filler filler filler filler 2019/20 (Proj.) Oct 292.56 302.97 81.48 299.29 13.84 2019/20 (Proj.) Nov 290.43 301.05 81.22 297.64 13.37 filler filler filler filler filler Vegetable Oils 2017/18 186.56 201.21 78.52 176.71 20.98 2018/19 (Est.) 191.05 207.32 85.10 184.26 19.92 filler filler filler filler filler 2019/ 20 (Proj.) Oct 194.92 210.24 87.59 188.75 18.61 2019/20 (Proj.) Nov 194.06 209.18 87.68 188.20 18.07 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oil seeds. 3/ Total Foreign is equal to World minus United States. November 2019 WASDE - 594 - 11 U.S. Wheat Supply and Use 1/ 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Oct Nov Millio n Acres Area Planted 46.1 47.8 45.2 45.2 Area Harvested 37.6 39.6 38.1 37.2 Bushels Yield per Harvested Acre 46.4 47.6 51.6 51.7 Million Bushels Beginning Stocks 1,181 1,099 1,080 1,080 Production 1,741 1,885 1,962 1,920 Imports 158 135 120 120 Supply, Total 3,080 3,119 3,161 3,120 Food 964 955 960 955 Seed 63 59 68 61 Feed and Residual 47 90 140 140 Domestic, Total 1,075 1,103 1,168 1,156 Exports 906 936 950 950 Use, Total 1,981 2,039 2,118 2,106 Ending Stocks 1,099 1,080 1,043 1,014 Avg. Farm Price ($/bu) 2/ 4.72 5.16 4.70 4.60 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2018/19 (Est.) Beginning Stoc ks 581 191 205 87 35 1,099 Production 662 587 286 272 78 1,885 Supply, Total 3/ 1,248 846 495 365 165 3,119 Domestic Use 401 324 209 81 88 1,103 Exports 331 259 128 196 22 936 Use, Total 732 583 337 277 110 2,039 Ending Stocks, Tota l 516 263 158 88 55 1,080 2019/20 (Proj.) Beginning Stocks 516 263 158 88 55 1,080 Production 833 522 239 272 54 1,920 Supply, Total 3/ 1,354 840 402 365 159 3,120 Domestic Use 481 306 191 90 88 1,156 Exports 380 255 100 190 25 950 Use, Total 861 561 291 280 113 2,106 Ending Stocks, Total Nov 493 279 111 85 46 1,014 Ending Stocks, Total Oct 491 308 110 85 49 1,043 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketin g-year weight ed average price received by farmers. 3/ Includes imports. November 2019 WASDE - 594 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Oct Nov Milli on Acres Area Planted 100.9 100.1 100.7 100.7 Area Harvested 90.5 89.6 89.6 89.5 Metric Tons Yield per Harvested Acre 4.24 4.24 4.06 4.03 Million Metric Tons Beginning Stocks 62.1 57.9 57.8 57.8 Production 384.1 379.7 363.4 360.6 Imports 2.7 2.3 3.1 3.1 Supply, Total 449.0 440.0 424.3 421.4 Feed and Residual 138.6 147.6 140.3 139.7 Food, Seed & Industrial 185.3 179.7 180.1 179.5 Domestic, Total 323.9 327.3 320.4 319.1 Exports 67.2 54.9 50.9 49.9 Use, Total 391.1 382.2 371.3 369.0 Ending Stocks 57.9 57.8 53.0 52.4 CORN 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Proj. October November Million Acres Area Planted 90.2 89.1 89.9 89.9 Area Harvested 82.7 81.7 81.8 81.8 Bushels Yield per Harves ted Acr e 176.6 176.4 168.4 167.0 Million Bushels Beginning Stocks 2,293 2,140 2,114 2,114 Production 14,609 14,420 13,779 13,661 Imports 36 28 50 50 Supply, Total 16,939 16,588 15,944 15,825 Feed and Residual 5,304 5,618 5,300 5,275 Food, Se ed & In dustrial 2/ 7,057 6,791 6,815 6,790 Ethanol & by -products 3/ 5,605 5,376 5,400 5,375 Domestic, Total 12,361 12,409 12,115 12,065 Exports 2,438 2,065 1,900 1,850 Use, Total 14,798 14,474 14,015 13,915 Ending Stocks 2,140 2,114 1,929 1,910 Avg. Farm Price ($/bu) 4/ 3.36 3.61 3.80 3.85 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook t able 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by -products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing - year weighted average price received by farmers. November 2019 WASDE - 594 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2017/18 2018/19 Est. 2019/20 Proj. 2019 /20 Pro j. Oct Nov Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 5.6 5.7 5.3 5.3 Area Harvested (mil. acres) 5.0 5.1 4.7 4.7 Yield (bushels/acre) 71.7 72.1 73.9 75.9 Beginning Stocks 33 35 64 64 Production 362 365 349 358 Imports 2 0 0 0 Supply, Total 397 400 412 421 Feed and Residual 102 138 160 160 Food, Seed & Industrial 60 106 100 100 Total Domestic 162 244 260 260 Exports 200 93 100 110 Use, Total 362 336 360 370 Ending Stocks 35 64 52 51 Avg. Farm P rice ($/bu) 2/ 3.22 3.26 3.40 3.40 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Proj. October November Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.5 2.5 2.7 2.7 Area Harves ted (mi l. acr es) 2.0 2.0 2.2 2.2 Yield (bushels/acre) 73.0 77.5 77.4 77.7 Beginning Stocks 106 94 87 87 Production 143 154 171 170 Imports 9 6 10 8 Supply, Total 259 254 268 264 Feed and Residual 2 8 15 15 Food, Seed & Industrial 157 155 153 153 Total D omestic 159 162 168 168 Exports 5 5 3 3 Use, Total 164 167 171 171 Ending Stocks 94 87 97 93 Avg. Farm Price ($/bu) 2/ 4.47 4.62 4.65 4.70 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Proj. Octob er November Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.6 2.7 2.8 2.8 Area Harvested (mil. acres) 0.8 0.9 0.8 0.8 Yield (bushels/acre) 61.7 64.9 64.4 64.3 Beginning Stocks 50 41 38 38 Production 50 56 54 53 Imports 89 87 95 95 Supp ly, Total 189 184 187 186 Feed and Residual 68 66 70 70 Food, Seed & Industrial 77 78 78 78 Total Domestic 146 144 148 148 Exports 2 2 2 2 Use, Total 148 146 150 150 Ending Stocks 41 38 37 36 Avg. Farm Price ($/bu) 2/ 2.59 2.66 2.95 2.95 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. November 2019 WASDE - 594 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Oct Nov Million Acres Area Planted 2.46 2.95 2.54 2.54 Area Harvested 2.37 2.92 2.48 2.48 Fil ler Pounds Yield per Harvested Acre 7,507 7,692 7,616 7,587 Million Hundredweight Beginning Stocks 2/ 46.0 29.4 44.9 44.9 Production 178.2 224.2 188.6 187.9 Imports 27.5 29.0 29.6 29.6 Supply , Tot al 251.8 282.6 263.1 262.4 Domestic & Residual 3/ 135.4 144.1 131.0 131.0 Exports, Total 4/ 87.1 93.6 95.0 95.0 Rough 28.8 33.0 33.0 33.0 Milled (rough equiv.) 58.2 60.6 62.0 62.0 Use, Total 222.4 237.7 226.0 226.0 Endin g Stocks 29.4 44.9 37.1 36.4 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 12.90 12.30 13.00 13.00 Total LONG -GRAIN RICE 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Proj. October November Harvested Acres (mil.) 1.75 2.18 Yield (pounds/acre) 7,314 7,517 Beginning Stocks 31.0 20.3 32.6 32.6 Production 127.9 164.0 127.5 127.1 Supply, Total 7/ 182.2 207.7 184.1 183.7 Domestic & Residual 3/ 98.6 109.4 98.0 98.0 Exports 8/ 63.2 65.7 66.0 66.0 Use, Total 161.9 175.1 164.0 164.0 Ending Stocks 20.3 32.6 20.1 19.7 Avg. Farm Price ($/cwt) 6/ 11.50 10.80 11.80 11.80 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2017/18 2018/19 E st. 2019/20 Pro j. 2019/ 20 Pr oj. October November Harvested Acres (mil.) 0.63 0.73 Yield (pounds/acre) 8,048 8,209 Beginning Stocks 11.5 7.6 10.2 10.2 Production 50.4 60.3 61.1 60.9 Supply, Total 7/ 68.2 72.8 76.9 76.7 Domestic & Residual 3 / 36.7 34.8 33.0 33.0 Exports 8/ 23.8 27.8 29.0 29.0 Use, Total 60.6 62.6 62.0 62.0 Ending Stocks 7.6 10.2 14.9 14.7 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 17.00 17.60 16.50 16.50 California 10/ 20.10 20.00 18.50 18.50 Other States 1/ 11.70 12.30 12.30 12.30 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of e nding st ocks by type (in mil. cwt): 2015/16 -2.9; 2016/17 -3.5; 2017/18 -3.5. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and e nding st ocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in Califor nia. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the pre liminary California SAFP forecast and the final price has averaged $0.98 per cwt from 2014/15 -2017/18, with a high of $3.50 per cwt in 2017/18 and a low of -$0.20 per cwt in 2015/16. 10/ Marketing year beginning October 1. November 2019 WAS DE - 594 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Oct Nov Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 90.2 89.2 76.5 76.5 Area Harvested 89.5 87.6 75.6 75.6 Fil ler Bushels Yield per Harvested Acre 49.3 50.6 46.9 46.9 Million Bushels Beginning Stocks 302 438 913 913 Production 4,412 4,428 3,550 3,550 Imports 22 14 20 20 Supply, Total 4,735 4,880 4,483 4,483 Crushings 2,055 2,092 2,120 2,105 Exports 2,134 1,748 1,775 1,775 Seed 104 89 96 96 Residual 5 39 32 32 Use, Total 4,297 3,967 4,023 4,008 Ending Stocks 438 913 460 475 Avg. Farm Price ($/bu) 2/ 9.33 8.48 9.00 9.00 Total SOYBEAN OIL 2017/ 18 2018/19 E st. 2019/20 Proj. 2019/20 Proj. October November Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,711 1,995 1,710 1,776 Production 4/ 23,772 24,195 24,590 24,420 Imports 335 398 450 450 Supply, Tot al 25,819 26,589 26,750 26,646 Domestic Disappearance 21,380 22,872 23,500 23,500 Biodiesel 3/ 7,134 8,000 8,500 8,500 Food, Feed & other Industrial 14,247 14,872 15,000 15,000 Exports 2,443 1,941 1,725 1,700 Use, Total 23,823 24,813 25,225 25,200 Ending stocks 1,995 1,776 1,525 1,446 Avg. Price (c/lb) 2/ 30.04 28.26 30.00 31.00 Total SOYBEAN MEAL 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Proj. October November Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 401 555 450 402 Production 4/ 49,226 48,809 49,800 49,498 Imports 483 684 500 500 Supply, Total 50,109 50,048 50,750 50,400 Domestic Disappearance 35,537 36,092 36,650 36,650 Exports 14,016 13,554 13,700 13,350 Use, Total 49,554 49,646 50,350 50,000 Ending Stocks 555 402 400 400 Avg. Price ($/s.t.) 2/ 345.02 308.28 325.00 325.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybe an oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made from methyl e ster as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,085 million bushels for 2018/19 and 2,105 million bushels for 2019/20. November 2019 WASDE - 594 - 16 U.S. Sug ar Supply an d Use 1/ 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Oct Nov Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,876 2,008 1,725 1,779 Production 2/ 9,293 8,994 9,184 8,612 Beet Sugar 5,279 4,937 5,055 4,588 Cane Sugar 4,014 4,057 4,129 4,024 Florida 1,983 2,005 2,096 2,096 Hawaii 0 0 0 0 Louisiana 1,862 1,904 1,900 1,794 Texas 169 147 134 134 Imports 3,277 3,070 3,165 3,159 TRQ 3/ 1,663 1,541 1,627 1,621 Other Program 4/ 326 438 350 350 Other 5/ 1,287 1,092 1,188 1,188 Mexico 1,223 1,000 1,118 1,118 Total Supply 14,445 14,072 14,074 13,550 Exports 170 35 35 35 Deliveries 12,185 12,231 12,255 12,230 Food 12,048 12,106 12,150 12,125 Other 6/ 137 126 105 105 Miscellaneous 82 27 0 0 Total Use 12,438 12,292 12,290 12,265 Ending Stocks 2,008 1,779 1,784 1,285 Stocks to Use Ratio 16.1 14.5 14.5 10.5 Total 1/ Fiscal years beginni ng Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2018/19 and 2019/20 are based on Crop Production and/or processor projections where appropriate. 3/ For 2018/ 19, WTO raw s ugar TRQ shortfall (56) and for 2019/20 (99). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Imports from Mexico; and high- tier tariff sugar and syrups not otherwise specified -- for 2018/19 (91) and 2019/20 (70). 6/ Transfe rs accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE- reporte d deliveries: 2 017/18 -- 278; estimated 2018/19 -- 324; projected 2019/20 -- 340. Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Me tric Tons, Actua l Weight 2018/19 Est. Oct 1,395 6,426 86 4,565 2,194 1,148 2018/19 Est. Nov 1,395 6,426 85 4,532 2,204 1,169 2019/20 Proj. Oct 1,148 6,065 70 4,624 1,695 963 2019/20 Proj. Nov 1,169 5,772 85 4,492 1,598 936 1/ HFCS consumpt ion b y Mexico (1,000 metric tons, dry basis): 2017/18 = 1,593; Estimated 2018/19 = 1,528; Projected 2019/20 = 1,520. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexi co's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2018/19 (460 est); 2019/20 (435 proj). Other Deliveries/Ending Year Statistical Adjustments: 2018/19 ( -20), 2019/20 (0). Novemb er 2019 WASDE - 594 - 17 U.S. Cotton Supply and Use 1/ 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Oct Nov Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 12.72 14.10 13.76 13.76 Harves ted 11.10 10.21 12.51 12.51 Fil ler Pounds Yield per Harvested Acre 905 864 833 799 Million 480 Pound Bales Beginning Stocks 2.75 4.20 4.85 4.85 Production 20.92 18.37 21.71 20.82 Imports 0.00 0.00 0.01 0.01 Supply, Total 23.68 22.57 26.56 25.67 Domest ic Use 3.23 2.98 3.00 3.00 Exports, Total 16.28 14.76 16.50 16.50 Use, Total 19.50 17.74 19.50 19.50 Unaccounted 2/ -0.03 -0.02 0.06 0.07 Ending Stocks 4.20 4.85 7.00 6.10 Avg. Farm Price 3/ 68.6 70.3 58.0 61.0 Total Note: Relia bility calcul ations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per po und for uplan d cotto n. November 2019 WASDE - 594 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 262.72 762.31 180.03 146.50 742.31 182.47 282.73 World Less China 147.79 627.98 176.09 129.00 621.31 181.46 151.53 United States 32.13 47.38 4.30 1.29 29.25 24.66 29.91 Total Foreign 230.59 714.93 175.72 145.22 713.06 157.81 252.82 Major Exporters 4 / 36.22 333.09 6.96 89.73 205.50 131.17 39.61 Argentina 0.25 18.50 0.01 0.05 5.55 12.73 0.47 Australia 5.73 20.94 0.16 4.00 7.48 13.85 5.51 Canada 6.93 30.38 0.45 4.38 9.28 22.00 6.48 European Union 5/ 10.72 151.13 5.82 58.00 130.4 0 23.38 13.89 Russia 10.82 85.17 0.47 20.00 43.00 41.43 12.03 Ukraine 1.77 26.98 0.06 3.30 9.80 17.78 1.24 Major Importers 6/ 160.57 202.93 115.67 37.70 289.75 12.42 177.00 Bangladesh 1.76 1.15 6.15 0.25 7.05 0.00 2.02 Brazil 2.26 4.26 7.02 0.50 12.00 0.23 1.31 China 114.93 134.33 3.94 17.50 121.00 1.00 131.20 Japan 1.21 0.97 5.88 0.75 6.60 0.28 1.18 N. Africa 7/ 14.28 19.25 27.45 2.25 45.23 0.88 14.87 Nigeria 0.20 0.07 5.16 0.05 4.83 0.40 0.20 Sel. Mideast 8/ 16.65 18.36 18.46 4.10 37.92 0.90 14.65 Southeast Asia 9/ 5.68 0.00 26.06 8.99 25.44 1.11 5.19 Selected Other India 9.80 98.51 1.17 5.00 95.68 0.57 13.23 Kazakhst an 3.54 14.80 0.10 2.10 6.90 9.00 2.54 2018/19 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 282.73 731.28 169.91 139.76 736.11 172.89 277.90 World Less China 151.53 599.85 166.77 119.76 611.11 171.8 9 138.13 United States 29.91 51.31 3.67 2.44 30.02 25.48 29.39 Total Foreign 252.82 679.98 166.24 137.31 706.09 147.41 248.51 Major Exporters 4/ 39.61 302.60 7.17 82.19 196.59 120.58 32.21 Argentina 0.47 19.50 0.01 0.05 6.05 12.00 1.93 Australia 5.51 17.30 0.36 5.70 9.20 9.01 4.96 Canada 6.48 32.20 0.48 3.94 8.84 24.41 5.92 European Union 5/ 13.89 136.86 5.76 52.00 123.20 23.31 10.00 Russia 12.03 71.69 0.45 18.00 40.50 35.84 7.82 Ukraine 1.24 25.06 0.11 2.50 8.80 16.02 1.59 Major Importers 6/ 177.00 200.19 110.93 38.44 293.69 12.33 182.10 Bangladesh 2.02 1.00 5.00 0.28 7.08 0.00 0.94 Brazil 1.31 5.43 7.02 0.50 12.10 0.60 1.06 China 131.20 131.43 3.15 20.00 125.00 1.01 139.77 Japan 1.18 0.88 5.73 0.68 6.53 0.29 0.97 N. Africa 7/ 14.87 21.00 26.93 2.25 46.15 1.19 15.46 Nigeria 0.20 0.06 4.59 0.05 4.25 0.40 0.20 Sel. Mideast 8/ 14.65 18.37 17.23 3.55 37.90 0.58 11.77 Southeast Asia 9/ 5.19 0.00 26.16 8.14 25.34 1.10 4.92 Selected Other India 13.23 99.87 0.02 5.00 95.63 0.50 16.99 Kazakhstan 2.54 13.95 0.09 1.80 6.60 8.30 1.68 1/ Aggregate of local marketing years. 2/ Total fo reign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Arge ntina, Austra lia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vi etnam, Lebano n, Iraq, Ira n, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Ma laysia, Philippines, Thailand, and Vietnam. November 2019 WASDE - 594 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Oct 277.68 765.23 175.68 148.47 755.11 179.68 287.80 Nov 277.90 765.55 176.53 148.47 755.17 180.68 288.28 World Less China Oct 137.92 633.23 172.48 127.47 627.11 178.38 142.14 Nov 138.13 633.55 173.33 127.47 627.17 179.38 142.61 United States Oct 29.39 53.39 3.27 3.81 31.79 25.86 28.40 Nov 29.39 52.26 3.27 3.81 31.46 25.86 27.59 Total Foreign Oct 248.30 711.84 172.41 144.66 723.32 153.82 259.40 Nov 248.51 713.29 173.27 144.66 723.71 154.82 260.68 Major Exp orters 4/ Oct 32.54 324.70 6.66 85.85 200.45 130.00 33.45 Nov 32.21 326.20 6.66 85.85 200.45 131.00 33.62 Argentina Oct 1.83 20.50 0.01 0.05 6.05 14.50 1.79 Nov 1.93 20.00 0.01 0.05 6.05 14.00 1.89 Austral ia Oct 4.97 18.00 0.15 5.00 8.50 9.50 5.12 Nov 4.96 17.20 0.15 5.00 8.50 9.00 4.81 Canada Oct 5.92 33.00 0.45 4.50 9.50 24.50 5.37 Nov 5.92 33.00 0.45 4.50 9.50 24.50 5.37 European Union 5/ Oct 10.00 152.00 5.50 56.00 127.50 28.00 12.00 Nov 10.00 153.00 5.50 56.00 127.50 29.00 12.00 Russia Oct 8.25 72.50 0.48 17.00 39.50 34.00 7.72 Nov 7.82 74.00 0.48 17.00 39.50 34.50 8.29 Ukraine Oct 1.59 28.70 0.08 3.30 9.40 19.50 1.46 Nov 1.59 29.00 0.08 3.30 9.40 20.00 1.26 Major Importers 6/ Oct 181.41 203.07 114.99 39.66 299.72 13.05 186.70 Nov 182.10 203.29 115.49 39.66 299.72 13.05 188.11 Bangladesh Oct 0.66 1.10 6.00 0.30 7.20 0.00 0.56 Nov 0.94 1.10 6.00 0.30 7.20 0.00 0.84 Brazil Oct 1.06 5.30 7.70 0.50 12.20 0.60 1.26 Nov 1.06 5.30 7.70 0.50 12.20 0.60 1.26 China Oct 139.77 132.00 3.20 21.00 128.00 1.30 145.67 Nov 139.77 132.00 3.20 21.00 128.00 1.30 145.67 Japan Oct 0.97 0.95 5.90 0.70 6.50 0.28 1.04 Nov 0.97 0.95 5.90 0.70 6.50 0.28 1.04 N. Africa 7/ Oct 15.45 18.87 27.40 2.25 46.75 0.89 14.09 Nov 15.46 18.87 27.40 2.25 46.75 0.89 14.09 Nigeria Oct 0.20 0.06 5.10 0.05 4.76 0.40 0.20 Nov 0.20 0.06 5.10 0.05 4.76 0.40 0.20 Sel. Mideast 8/ Oct 11.36 22.46 17.29 3.92 39.04 0.72 11.35 Nov 11.77 22.68 17.09 3.92 39.04 0.72 11.78 Southeast Asia 9/ Oct 4.92 0.00 27.10 8.04 25.82 1.07 5.14 Nov 4.92 0.00 27.10 8.04 25.82 1.07 5.14 Selected Other India Oct 17.11 102.19 0.02 6.00 98.00 0.50 20.82 Nov 16.99 102.19 0.02 6.00 98.00 0.50 20.70 Kazakhstan Oct 1.83 11.50 0.06 1.80 6.60 5.20 1.59 Nov 1.68 11.50 0.06 1.80 6.60 5.20 1.44 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Eur opean Union, Russia, and Ukr aine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan , Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand , and Vietnam. November 2019 WASDE - 594 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 385.99 1,361.22 187.74 834.74 1,375.95 185.23 371.25 World Less China 162.49 1,095.50 171.31 637.19 1,093.35 185.17 148.27 United States 62.17 384.39 2.93 138.73 324.41 67.16 57.92 Total Foreign 323.82 976.83 184.81 696.01 1,051.55 118.08 313.33 Major Exporters 4/ 38.41 252.15 3.69 125.43 169.45 97.68 27.12 Argentina 6.70 39.32 0.01 11.98 17.61 24.91 3.50 Australia 2.65 12.19 0.00 3.94 5.81 6.74 2.29 Brazil 14.49 85.06 1.46 56.70 67.18 24.16 9.67 Canada 5.56 26.24 1.77 15.92 23.23 5.78 4.57 Russia 2.06 41.72 0.13 21.57 31.02 11.52 1.37 Ukraine 3.01 34.07 0.05 8.44 11.82 22.50 2.81 Major Importers 5/ 38.21 245.11 133.71 283.62 367.84 10.01 39.18 Europea n Union 6/ 15.11 152.12 19.40 120.85 162.37 7.92 16.35 Japan 1.69 0.19 17.58 13.67 17.66 0.00 1.80 Mexico 6.00 33.19 16.36 29.20 48.41 0.96 6.18 N. Afr & Mideast 7/ 7.13 29.07 39.13 59.33 67.45 0.13 7.76 Saudi Arabia 2.54 0.26 11.99 12.28 12.70 0.00 2.08 Southeast Asia 8/ 3.29 30.00 14.54 36.27 44.49 1.01 2.34 South Korea 1.77 0.20 10.19 7.80 10.31 0.00 1.86 Selected Other China 223.49 265.72 16.43 197.55 282.60 0.06 222.98 2018/19 Est. Beginning Sto c ks Produ ction Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 371.25 1,398.80 191.83 852.57 1,422.75 211.36 347.30 World Less China 148.27 1,133.40 181.29 657.32 1,135.58 211.29 135.62 United States 57.92 379.93 2.64 147.75 327.77 54.94 57.77 Total Foreign 313.33 1,018.87 189.20 704.82 1,094.98 156.41 289.54 Major Exporters 4/ 27.12 292.53 5.65 124.82 169.16 133.96 22.18 Argentina 3.50 59.23 0.01 12.49 18.35 39.41 4.99 Australia 2.29 10.93 0.00 4.39 6.46 4.41 2.36 Brazil 9.67 104.33 2.00 58.45 69.48 41.04 5.49 Canada 4.57 26.19 2.83 16.32 23.68 5.97 3.94 Russia 1.37 35.00 0.06 18.70 27.27 8.07 1.10 Ukraine 2.81 44.50 0.06 7.93 11.16 34.06 2.16 Major Importers 5 / 39.18 243.03 141.94 294.63 379.34 10.08 34.73 European Union 6/ 16.35 147.91 26.00 126.60 168.57 8.49 13.20 Japan 1.80 0.18 17.73 13.77 17.88 0.00 1.82 Mexico 6.18 33.40 17.11 31.07 50.31 0.80 5.58 N. Afr & Mideast 7 / 7.76 31.08 38.87 61.96 70.08 0.10 7.53 Saudi Arabia 2.08 0.29 10.31 10.75 11.24 0.00 1.45 Southeast Asia 8/ 2.34 29.88 16.75 37.59 45.62 0.68 2.66 South Korea 1.86 0.20 10.96 8.54 11.08 0.00 1.94 Selec ted Other China 222.98 265.41 10.54 195.25 287.17 0.07 211.69 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world u se adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Aust ralia, Brazil, Canad a, Russia and Ukraine. 5/ The European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Liby a, Morocco, Syria, Tunisia, and T urkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2019 WASDE - 594 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Oct 350.85 1,396.68 199.73 855.30 1,413.52 201.01 334.01 Nov 347.30 1,394.89 201.43 857.26 1,415.37 201.56 326.83 World Less China Oct 138.59 1,134.21 185.33 660.80 1,120.67 200.95 137.78 Nov 135.62 1,132.41 187.03 662.56 1,122.52 201.50 131.18 United States Oct 57.77 363.65 3.43 140.51 320.97 50.90 52.98 Nov 57.77 360.82 3.39 139.88 319.70 49.89 52.39 Total Foreign Oct 293.08 1,033.03 196.30 714.79 1,092.55 150.10 281.03 Nov 289.54 1,034.06 198.05 717.38 1,095.67 151.67 274.43 Major Exporters 4/ Oct 24.80 302.69 3.03 126.60 172.82 129.05 28.65 Nov 22.18 302.48 3.05 126.55 171.64 131.40 24.67 Argentina Oct 5.39 57.73 0.01 13.02 19.66 36.61 6.86 Nov 4.99 57.63 0.01 13.02 19.46 36.71 6.46 Australia Oct 2.32 11.50 0.00 4.40 6.47 5.12 2.24 Nov 2.36 11.00 0.00 4.15 6.22 4.87 2.28 Brazil Oct 7.62 104.23 1.70 58.87 70.95 34.01 8.59 Nov 5.49 104.35 1.70 58.87 70.00 36.01 5.52 Cana da Oct 3.94 28.56 1.03 15.80 23.06 5.96 4.51 Nov 3.94 28.56 1.03 15.80 23.06 5.96 4.51 Russia Oct 1.10 39.88 0.09 19.83 28.38 10.92 1.78 Nov 1.10 40.38 0.09 20.23 28.78 11.42 1.38 Ukraine Oct 2.16 46.20 0.03 8.01 11.33 34.94 2.12 Nov 2.16 46.04 0.03 7.81 11.16 34.94 2.13 Major Importers 5/ Oct 36.00 256.34 144.88 301.73 387.42 10.38 39.42 Nov 34.73 253.80 146.05 303.20 388.80 9.66 36.13 European Union 6/ Oct 13.18 158.75 22.01 126.40 168.97 7.96 17.01 Nov 13.20 158.55 22.01 126.60 169.17 7.93 16.66 Japan Oct 1.79 0.18 17.37 13.46 17.57 0.00 1.77 Nov 1.82 0.18 17.77 13.96 18.07 0.00 1.71 Mexico Oct 5.80 33.10 18.01 32.41 51.69 1.50 3.72 Nov 5.58 30.60 18.16 31.61 50.69 0.80 2.85 N. Afr & Mideast 7/ Oct 8.30 32.81 42.92 65.67 74.00 0.19 9.83 Nov 7.53 32.96 42.24 65.94 74.37 0.19 8.17 Saudi Arabia Oct 1.75 0.25 12.51 12.25 12.70 0.00 1.82 Nov 1.45 0.27 12.51 12.25 12.71 0.00 1.53 Southeast Asi a 8/ Oct 2.76 30.96 17.26 38.96 47.11 0.74 3.14 Nov 2.66 30.96 18.26 39.96 48.11 0.74 3.04 South Korea Oct 1.89 0.20 10.61 8.25 10.84 0.00 1.86 Nov 1.94 0.20 10.91 8.55 11.14 0.00 1.92 Selected Other China Oct 212.26 262.48 14.40 194.50 292.85 0.06 196.23 Nov 211.69 262.48 14.40 194.70 292.85 0.06 195.65 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and w orld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countri es. 4/ Argent ina, Australia, Brazil, Canada, Russia and Ukraine. 5/ The European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jor dan, Libya, M orocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2019 WASDE - 594 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Product ion Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 352.16 1,080.02 149.96 672.39 1,090.45 148.19 341.72 World Less China 129.14 820.94 146.50 485.39 827.45 148.17 119.20 United States 58.25 371.10 0.92 134.73 313.98 61.92 54.37 Total Foreign 293.91 708.92 149.05 537.66 776.47 86.28 287.35 Major Exporters 4/ 25.32 164.42 1.18 81.63 102.63 72.26 16.02 Argentina 5.27 32.00 0.01 8.50 12.40 22.47 2.41 Brazil 14.02 82.00 0.92 54.00 63.50 24.15 9.28 Russia 0.78 13.20 0.05 7.40 8.30 5.53 0.20 South Africa 3.70 13.10 0.17 6.83 12.23 2.07 2.67 Ukraine 1.55 24.12 0.04 4.90 6.20 18.04 1.47 Major Importers 5/ 21.93 126.08 88.35 154.80 208.95 3.71 23.71 Egypt 1.89 6.40 9.46 13.40 15.90 0.01 1.85 European Union 6/ 7.60 62.02 18.47 57.00 76.50 1.75 9.84 Japan 1.32 0.00 15.67 12.00 15.60 0.00 1.39 Mexico 5.41 27.57 16.13 24.30 42.50 0.96 5.65 Southeast Asia 7/ 3.28 29.95 14.20 36.20 44.10 1.00 2.33 South Korea 1.76 0.07 10.02 7.70 10.00 0.00 1.85 Selected Other 0.00 Canada 2.57 14.10 1.70 8.87 14.02 1.94 2.42 China 223.02 259.07 3.46 187.00 263.00 0.02 222.53 2018/19 Est . Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 341.72 1,125.01 161.97 704.79 1,146.67 180.30 320.06 World Less China 119.20 867.68 157.48 514.79 873.67 180.28 108.74 United States 54.37 366.29 0.71 142.70 315.20 52.46 53.71 Total Foreign 287.35 758.73 161.26 562.09 831.47 127.84 266.35 Major Exporters 4/ 16.02 210.97 2.00 84.00 106.00 111.30 11.69 Argentina 2.41 51.00 0.01 9.70 13.80 36.00 3.61 Brazil 9.28 101.00 1.30 55.50 65.50 41.00 5.08 Russia 0.20 11.42 0.05 7.50 8.40 3.00 0.26 South Africa 2.67 11.75 0.60 6.50 12.20 1.00 1.82 Ukraine 1.47 35.81 0.04 4.80 6.10 30.30 0.91 Major Importers 5/ 23.71 128.60 97.97 170.00 224.60 4.78 20.90 Egypt 1.85 6.80 9.40 13.70 16.20 0.00 1.84 European Union 6/ 9.84 64.22 24.80 68.00 88.00 3.30 7.55 Japan 1.39 0.00 16.05 12.30 16.00 0.00 1.44 Mexico 5.65 27.60 16.40 25.70 43.90 0.80 4.95 Southeast Asi a 7/ 2.33 29.83 16.38 37.50 45.20 0.68 2.65 South Korea 1.85 0.08 10.86 8.50 10.85 0.00 1.93 Selected Other 0.00 Canada 2.42 13.89 2.77 9.50 14.70 1.80 2.58 China 222.53 257.33 4.48 190.00 273.00 0.02 211.32 1/ Aggre gate of local marketing year s. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Arge ntina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra- trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietna m. November 2019 WASDE - 594 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Oct 324.03 1,104.01 166.09 693.8 6 1,125.49 166.59 302.55 Nov 320.06 1,102.16 167.44 694.89 1,126.27 167.05 295.96 World Less China Oct 112.19 850.01 159.09 505.86 848.49 166.57 106.73 Nov 108.74 848.16 160.44 506.89 849.27 167.03 100.6 6 United Sta tes Oct 53.71 350.01 1.27 134.6 3 307.74 48.26 48.99 Nov 53.71 347.01 1.27 133.99 306.47 46.99 48.53 Total Foreign Oct 270.32 754.00 164.82 559.23 817.76 118.33 253.56 Nov 266.35 755.16 166.17 560.90 819.80 120.06 247.43 Major Exporte rs 4/ Oct 14.51 214.50 1.17 85.20 108.80 104.20 17.17 Nov 11.69 214.50 1.17 84.70 107.30 106.70 13.35 Argentina Oct 4.09 50.00 0.01 10.30 15.00 33.50 5.59 Nov 3.61 50.00 0.01 10.30 15.00 33.50 5.12 Brazil Oct 7.28 101.00 1.00 56.00 67.00 34.00 8.28 Nov 5.08 101.00 1.00 56.00 66.00 36.00 5.08 Russia Oct 0.26 13.50 0.04 7.50 8.40 5.20 0.20 Nov 0.26 14.00 0.04 7.50 8.40 5.70 0.20 South Africa Oct 1.97 14.00 0.10 6.60 12.30 1.50 2.27 Nov 1.82 14.00 0.10 6.60 12.30 1.50 2.12 Ukraine Oct 0.91 36.00 0.02 4.80 6.10 30.00 0.83 Nov 0.91 35.50 0.02 4.30 5.60 30.00 0.83 Major Importers 5/ Oct 21.49 129.27 95.80 166.50 221.75 4.24 20.56 Nov 20.90 127.03 97.20 167.60 222.65 3.54 18.93 Egypt Oct 2.13 6.40 10.20 14.20 16.70 0.01 2.02 Nov 1.84 6.40 9.90 14.20 16.70 0.01 1.43 European Union 6/ Oct 7.55 64.80 21.00 62.00 82.50 2.00 8.85 Nov 7.55 64.56 21.00 62.00 82.50 2.00 8.61 Japan Oct 1.40 0.00 15.60 11.90 15.60 0.00 1.40 Nov 1.44 0.00 16.00 12.40 16.10 0.00 1.34 Mexico Oct 5.25 27.00 17.50 27.00 45.20 1.50 3.05 Nov 4.95 25.00 17.50 26.30 44.30 0.80 2.35 Southeast Asia 7/ Oct 2.75 30.91 16.90 38.90 46.70 0.73 3.12 Nov 2.65 30.91 17.90 39.90 47.70 0.73 3.02 South Korea Oct 1.88 0.08 10.50 8.20 10.60 0.00 1.85 Nov 1.93 0.08 10.80 8.50 10.90 0.00 1.91 Selected Other Canada Oct 2.58 14.00 1.00 8.50 13.70 1.50 2.38 Nov 2.58 14.00 1.00 8.50 13.70 1.50 2.38 China Oct 211.84 254.00 7.00 188.00 277.00 0.02 195.82 Nov 211.32 254.00 7.00 188.00 277.00 0.02 195.30 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World im ports and exports may not balance due to dif ferences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European Union, Japan, Mexico, Southeast Asia, a nd South Kore a. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2019 WASDE - 594 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 149.84 494.88 46.70 482.17 47.13 162.56 World Less China 51.34 346.01 41.20 339.68 45.75 53.56 United States 1.46 5.66 0.87 4.30 2.76 0.93 Total Foreign 148.38 489.23 45.83 477.87 44.37 161.63 Major Exporters 4/ 27.64 181.69 0.76 144.77 36.45 28.88 Burma 0.55 13.20 0.01 10.20 2.75 0.81 India 20.55 112.76 0.00 98.67 12.04 22.60 Pakistan 1.34 7.50 0.00 3.40 4.01 1.42 Thailand 4.24 20.58 0.25 11.00 11.06 3.01 Vietnam 0.97 27.66 0.50 21.50 6.59 1.03 Major Importers 5/ 108.70 241.09 21.35 248.06 1.82 121.25 China 98.50 148.87 5.50 142.49 1.39 109.00 European Union 6/ 1.19 2.01 2.01 3.68 0.35 1.18 Indonesia 2.92 37.00 2.35 38.10 0.00 4.16 Nigeria 1.86 4.73 2.00 6.90 0.00 1.69 Philippines 2.00 12.24 1.30 13.25 0.00 2.29 Sel. Mideast 7/ 0.86 2.22 3.62 5.80 0.00 0.91 Selected Other 0.00 Braz il 0.63 8.20 0.56 7.75 1.15 0.49 C. Amer & Carib 8/ 0.68 1.64 1.66 3.27 0.04 0.68 Egypt 1.43 4.30 0.09 4.20 0.05 1.56 Japan 2.41 7.79 0.69 8.60 0.06 2.22 Mexico 0.17 0.18 0.81 0.92 0.10 0.15 South Korea 2.00 3.97 0.40 4.75 0.06 1.56 2018/19 Est. Beginning Sto c ks Production Imports Total /2 Dom estic Exports Ending Sto c ks World 3/ 162.56 499.34 43.71 488.61 44.15 173.29 World Less China 53.56 350.85 40.91 345.64 41.38 58.74 United States 0.93 7.12 0.92 4.58 2.97 1.42 Total Foreign 161.63 492.22 42.79 484.03 41.18 171.87 Major Exporters 4/ 28.88 185.26 0.66 147.15 32.40 35.25 Burma 0.81 13.18 0.01 10.50 2.40 1.10 India 22.60 116.42 0.00 100.00 11.00 28.02 Pakistan 1.42 7.40 0.00 3.45 4.10 1.27 Thailand 3.01 20.34 0.25 11.70 8.20 3.70 Vietnam 1.03 27.92 0.40 21.50 6.70 1.16 Major Importers 5/ 121.25 241.97 16.42 249.87 3.20 126.58 China 109.00 148.49 2.80 142.97 2.77 114.55 European Union 6/ 1.18 1.94 2.10 3.78 0.32 1.13 Indonesia 4.16 36.70 0.40 38.00 0.00 3.26 Nigeria 1.69 4.79 1.90 7.00 0.00 1.38 Philippines 2.29 11.73 3.57 14.10 0.00 3.49 Sel. Mideast 7/ 0.91 2.01 3.75 5.87 0.00 0.80 Selected Other 0.00 Brazil 0.49 7.14 0.90 7.55 0.75 0.23 C. Amer & Carib 8/ 0.68 1.69 1.82 3.48 0.03 0.67 Egypt 1.56 2.80 0.90 4.15 0.02 1.09 Japan 2.22 7.66 0.69 8.50 0.06 2.01 Mexico 0.15 0.19 0.76 0.92 0.03 0.15 South Korea 1.56 3.87 0.41 4.71 0.10 1.02 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both d omestic use and unreported disappear ance. 3/ World imports and exports may not balance due to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, In donesia, Iran, Iraq, and Saudi Arabi a. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. November 2019 WASDE - 594 - 25 World Rice Supply and Use (Milled Basis) 1/ (Con t'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Oct 171.85 497.77 43.85 494.54 45.88 175.09 Nov 173.29 497.76 43.35 494.01 45.78 177.04 World Less China Oct 56.85 351.77 40.75 351.54 42.58 57.29 Nov 58.74 351.76 40.85 351.01 42.48 60.29 United States Oct 1.42 5.99 0.94 4.16 3.02 1.18 Nov 1.42 5.97 0.94 4.16 3.02 1.16 Total Foreign Oct 170.43 491.78 42.91 490.38 42.86 173.91 Nov 171.87 491.79 42.41 489.85 42.76 175.89 Major Exporters 4/ Oct 33.43 183.60 0.66 149.30 33.98 34.41 Nov 35.25 184.60 0.66 149.10 33.75 37.66 Burma Oct 0.90 13.30 0.01 10.50 2.63 1.08 Nov 1.10 13.30 0.01 10.55 2.50 1.36 India Oct 26.20 114.00 0.00 102.10 11.80 26.30 Nov 28.02 115.00 0.00 102.00 12.00 29.02 Pakistan Oct 1.27 7.50 0.00 3.55 4.00 1.22 Nov 1.27 7.50 0.00 3.55 4.00 1.22 Thailand Oct 3.70 20.50 0.25 11.20 9.00 4.25 Nov 3.70 20.50 0.25 11.40 8.50 4.55 Vietnam Oct 1.36 28.30 0.40 21.95 6.55 1.56 Nov 1.16 28.30 0.40 21.60 6.75 1.51 Major Importers 5/ Oct 126.99 241.70 16.03 251.41 3.71 129.60 Nov 126.58 240.60 15.43 250.58 3.71 128.32 China Oct 115.00 146.00 3.10 143.00 3.30 117.80 Nov 114.55 146.00 2.50 143.00 3.30 116.75 European Union 6/ Oct 1.13 2.01 2.05 3.80 0.30 1.09 Nov 1.13 2.01 2.05 3.80 0.30 1.09 Indonesia Oct 3.26 37.40 0.60 38.10 0.00 3.16 Nov 3.26 36.50 1.40 38.10 0.00 3.06 Nigeria Oct 1.29 4.90 2.20 7.30 0.00 1.09 Nov 1.38 4.90 1.80 7.00 0.00 1.08 Philippines Oct 3.49 12.20 2.70 14.60 0.00 3.79 Nov 3.49 12.00 2.50 14.20 0.00 3.79 Sel. Mideast 7/ Oct 0.80 2.29 3.68 6.06 0.00 0.71 Nov 0.80 2.29 3.68 6.08 0.00 0.69 Selected Other Brazil Oct 0.23 7.14 1.10 7.60 0.50 0.37 Nov 0.23 7.14 1.10 7.60 0.50 0.37 C. Amer & Carib 8/ Oct 0.67 1.55 1.90 3.44 0.03 0.65 Nov 0.67 1.55 2.00 3.54 0.03 0.65 Egypt Oct 1.09 4.30 0.30 4.35 0.10 1.24 Nov 1.09 4.30 0.30 4.35 0.10 1.24 Japan Oct 2.01 7.80 0.69 8.40 0.07 2.03 Nov 2.01 7.80 0.69 8.40 0.07 2.03 Mexico Oct 0.15 0.20 0.79 0.93 0.02 0.19 Nov 0.15 0.20 0.79 0.93 0.02 0.19 South Korea Oct 1.02 3.88 0.41 4.48 0.06 0.78 Nov 1.02 3.88 0.41 4.48 0.06 0.78 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic incl udes both domestic use and unreported disap pearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi A rabia. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. November 2019 WASDE - 594 - 26 World Cotton Supply and Use 1/ (Million 4 80-Pound Bales) 2017/18 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 80.29 123.78 41.16 122.76 41.41 0.12 80.94 World Less China 34.37 96.28 35.45 81.76 41.28 0.12 42.95 United States 2.75 20.92 3/ 3.23 16.28 -0.03 4.20 Total Foreign 77.54 102.86 41.16 119.54 25.14 0.15 76.74 Major Exporters 4/ 21.90 57.10 2.47 32.75 21.76 0.02 26.94 Central Asia 5/ 2.18 6.50 3/ 3.38 2.53 0.00 2.77 Afr. Fr. Zone 6/ 1.46 5.44 3/ 0.14 5.06 0.00 1.70 S. Hemis. 7/ 10.18 15.70 0.24 4.44 8.65 0.01 13.01 Australia 2.19 4.80 3/ 0.04 3.92 0.00 3.04 Brazil 6.93 9.22 0.08 3.40 4.17 0.00 8.66 India 7.88 29.00 1.68 24.15 5.18 0.00 9.23 Major Importers 8/ 54.18 42.93 36.05 82.74 2.35 0.12 47.95 Mexico 0.45 1.56 0.93 1.90 0.35 0.03 0.66 China 45.92 27.50 5.71 41.00 0.14 0.00 37.99 European Union 9/ 0.19 1.53 0.73 0.75 1.37 0.04 0.30 Turkey 1.53 4.00 4.02 7.45 0.33 0.00 1.78 Pakistan 2.32 8.20 3.40 10.90 0.16 0.03 2.83 Indonesia 0.62 3/ 3.52 3.50 0.01 0.00 0.63 Thailand 0.20 3/ 1.15 1.13 0.00 0.03 0.20 Bangladesh 1.63 0.14 7.60 7.50 0.00 0.01 1.86 Vietnam 0.88 3/ 7.00 6.60 0.00 0.00 1.29 2018/19 Est. Beginning Sto c ks Production Imports Dom estic Use Exports Loss /2 Ending Sto c ks World 80.94 118.80 42.50 120.29 41.28 0.12 80.55 World Less China 42.95 91.05 32.86 80.79 41.07 0.12 44.88 United States 4.20 18.37 3/ 2.98 14.76 -0.02 4.85 Total Foreign 76.74 100.43 42.50 117.31 26.52 0.14 75.70 Major Exporters 4/ 26.94 54.83 2.50 32.99 22.31 0.02 28.95 Central Asia 5/ 2.77 5.44 3/ 3.80 1.95 0.00 2.47 Afr. Fr. Zone 6/ 1.70 5.36 3/ 0.14 5.55 0.00 1.37 S. Hemis. 7/ 13.01 16.89 0.18 4.39 10.86 0.01 14.82 Australia 3.04 2.20 3/ 0.04 3.63 0.00 1.57 Brazil 8.66 12.52 0.02 3.40 6.01 0.00 11.78 India 9.23 26.50 1.80 24.00 3.51 0.00 10.01 Major Importers 8 / 47.95 42.65 37.46 80.16 2.99 0.11 44.80 Mexico 0.66 1.74 0.85 1.95 0.50 0.03 0.77 China 37.99 27.75 9.64 39.50 0.21 0.00 35.67 European Union 9/ 0.30 1.72 0.64 0.69 1.72 0.03 0.23 Turkey 1.78 3.70 3.50 6.90 0.48 0.00 1.59 Pakistan 2.83 7.60 2.85 10.70 0.06 0.03 2.50 Indonesia 0.63 3/ 3.05 3.15 0.01 0.00 0.53 Thailand 0.20 3/ 1.08 1.08 0.00 0.03 0.18 Bangladesh 1.86 0.14 7.20 7.40 0.00 0.01 1.78 Vietnam 1.29 3/ 6.90 7.00 0.00 0.00 1.19 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the market ing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition t o the countri es and regions listed. 5/ Azerbaijan, Kazakhstan , Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia , Brazil, Les otho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. November 2019 WASDE - 594 - 27 World Cotton Su pply and Use 1/ (Million 480 -Pound Bales) 2019/20 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Oct 80.73 124.77 42.90 121.61 42.91 0.19 83.69 Nov 80.55 121.94 44.03 121.49 44.03 0.20 80.80 World Less China Oct 45.06 97.02 33.40 82.11 42.74 0.19 50.45 Nov 44.88 94.69 34.53 81.99 43.85 0.20 48.06 United States Oct 4.85 21.71 0.01 3.00 16.50 0.06 7.00 Nov 4.85 20.82 0.01 3.00 16.50 0.07 6.10 filler filler filler filler filler filler filler Total Foreign Oct 75.88 103.07 42.90 118.61 26.41 0.13 76.69 Nov 75.70 101.12 44.03 118.49 27.53 0.13 74.70 Major Exporters 4/ Oct 29.23 57.09 2.28 33.94 22.43 0.02 32.21 Nov 28.95 56.44 2.48 33.75 23.13 0.02 30.97 Centra l Asia 5/ Oct 2.52 5.40 3/ 3.99 1.53 0.00 2.40 Nov 2.47 5.25 3/ 4.04 1.53 0.00 2.15 Afr. Fr. Zone 6/ Oct 1.37 5.89 3/ 0.14 5.41 0.00 1.71 Nov 1.37 5.89 3/ 0.14 5.66 0.00 1.46 S. Hemis. 7/ Oct 15.09 14.82 0.18 4.40 11.19 0.01 14.49 Nov 14.82 14.82 0.18 4.38 11.54 0.01 13.89 Australia Oct 1.57 1.20 3/ 0.04 1.70 0.00 1.04 Nov 1.57 1.20 3/ 0.04 1.70 0.00 1.04 filler filler filler filler filler filler filler Brazil Oct 12.01 11.60 0.03 3.40 8.30 0.00 11.94 Nov 11.78 11.60 0.03 3.40 8.60 0.00 11.41 India Oct 10.03 30.50 1.60 24.75 4.00 0.00 13.38 Nov 10.01 30.00 1.80 24.50 4.10 0.00 13.21 Major Importers 8/ Oct 44.89 42.93 38.13 80.49 2.70 0.11 42.64 Nov 44.80 41.63 38.97 80.54 2.84 0.11 41.90 Mexico Oct 0.77 1.58 0.85 2.00 0.45 0.03 0.72 Nov 0.77 1.58 0.85 2.00 0.45 0.03 0.72 China Oct 35.67 27.75 9.50 39.50 0.18 0.00 33.25 Nov 35.67 27.25 9.50 39.50 0.18 0.00 32.75 European Union 9/ Oct 0.24 1.76 0.68 0.71 1.67 0.03 0.27 Nov 0.23 1.86 0.65 0.69 1.76 0.03 0.26 Turkey Oct 1.69 4.10 3.20 6.90 0.35 0.00 1.74 Nov 1.59 3.80 3.80 7.10 0.35 0.00 1.74 Pakistan Oct 2.50 7.60 3.10 10.70 0.05 0.03 2.42 Nov 2.50 7.00 3.60 10.70 0.10 0.03 2.27 Indonesia Oct 0.51 3/ 3.30 3.20 0.01 0.00 0.61 Nov 0.53 3/ 3.10 3.10 0.01 0.00 0.53 Thailand Oct 0.18 3/ 1.05 1.03 0.00 0.03 0.18 Nov 0.18 3/ 1.05 1.03 0.00 0.03 0.18 Bangladesh Oct 1.78 0.14 7.30 7.40 0.00 0.01 1.81 Nov 1.78 0.14 7.30 7.40 0.00 0.01 1.81 Vietnam Oct 1.19 3/ 7.50 7.40 0.00 0.00 1.29 Nov 1.19 3/ 7.50 7.40 0.00 0.00 1.29 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2 / Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3 / Less t han 5,000 bal es. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoir e, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Braz il, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. November 2019 WASDE - 594 - 28 World Soyb ean Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 95.62 341.61 153.29 294.90 338.34 153.07 99.11 World Less China 75.50 326.33 59.20 204.90 232.04 152.93 76.04 United States 8.21 120.07 0.59 55.93 58.87 58.07 11.92 Total Foreign 87.41 221.54 152.70 238.97 279.47 94.99 87.19 Major Exporters 3/ 60.64 171.43 4.89 85.08 94.17 85.55 57.25 Argentina 27.00 37.80 4.70 36.93 43.63 2.13 23.73 Brazil 33.21 122.00 0.18 44.21 46.51 76.14 32.74 Paraguay 0.44 10.30 0.01 3.87 3.94 6.03 0.77 Major Importers 4/ 22.79 19.19 124.51 116.06 140.35 0.43 25.71 China 20.12 15.28 94.10 90.00 106.30 0.13 23.06 European Union 1.15 2.54 14.58 14.95 16.60 0.28 1.40 Southeast Asia 1.15 0.69 7.71 3.46 8.64 0.02 0.88 Mexico 0.15 0.43 4.87 5.25 5.29 0.00 0.17 2018/19 Est. Beginni ng Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ 99.11 358.21 145.72 298.55 344.24 149.13 109.66 World Less China 76.04 342.31 63.18 213.55 242.24 149.01 90.28 United States 11.92 120.52 0.38 56.94 60.41 47.56 24.85 Total Foreign 87.19 237.69 145.33 241.61 283.83 101.57 84.82 Major Exporters 3/ 57.25 183.98 6.56 87.54 97.15 92.21 58.43 Argentina 23.73 55.30 6.41 40.56 47.45 9.10 28.89 Brazil 32.74 117.00 0.14 43.00 45.64 74.86 29.38 Parag uay 0.77 8.85 0.01 3.90 3.98 5.50 0.15 Major Imp orters 4/ 25.71 19.77 115.21 113.30 138.49 0.33 21.88 China 23.06 15.90 82.54 85.00 102.00 0.12 19.39 European Union 1.40 2.66 15.05 16.20 17.86 0.18 1.08 Southeast Asi a 0.88 0.66 9.09 4.20 9.56 0.04 1.03 Mexico 0.17 0.34 5.23 5.50 5.54 0.00 0.20 2019/20 Proj. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ Oct 109.87 338.97 148.10 305.21 352.34 149.39 95.21 Nov 109.66 336.56 148.54 302.71 349.60 149.75 95.42 World Less China Oct 90.13 321.87 63.10 220.21 249.64 149.27 76.19 Nov 90.28 319.46 63.54 218.21 247.40 149.62 76.26 United States Oct 24.85 96.62 0.54 57.70 61.19 48.31 12.52 Nov 24.85 96.62 0.54 57.29 60.78 48.31 12.92 Total Foreign Oct 85.03 242.35 147.55 247.52 291.15 101.09 82.69 Nov 84.82 239.95 147.99 245.42 288.82 101.44 82.50 Major Exporters 3/ Oct 58.20 188.40 4.11 91.73 101.75 92.83 56.13 Nov 58.43 188.40 4.11 91.73 101.70 93.13 56.11 Argentina Oct 29.20 53.00 3.90 44.00 51.15 8.00 26.95 Nov 28.89 53.00 3.90 44.00 51.10 8.80 25.89 Brazil Oct 28.84 123.00 0.20 43.75 46.54 76.50 29.00 Nov 29.38 123.00 0.20 43.75 46.54 76.00 30.04 Paraguay Oct 0.15 10.20 0.01 3.90 3.98 6.20 0.18 Nov 0.15 10.20 0.01 3.90 3.98 6.20 0.18 Major Importers 4/ Oct 22.29 20.81 119.14 113.81 139.96 0.39 21.89 Nov 21.88 20.81 119.24 113.31 139.46 0.42 22.05 China Oct 19.74 17.10 85.00 85.00 102.70 0.13 19.02 Nov 19.39 17.10 85.00 84.50 102.20 0.13 19.16 European Union Oct 1.14 2.60 15.10 15.90 17.56 0.23 1.05 Nov 1.08 2.60 15.20 15.90 17.56 0.25 1.07 Southeast Asia Oct 1.03 0.64 9.89 4.53 10.14 0.04 1.37 Nov 1.03 0.64 9.89 4.53 10.14 0.04 1.37 Mexico Oct 0.20 0.22 5.80 5.95 5.99 0.00 0.23 Nov 0.20 0.22 5.80 5.95 5.99 0.00 0.23 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World i mports and ex ports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexic o, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to rounding. November 2019 WASDE - 594 - 29 World Soybean Meal Supply and Use 1/ (Million M etric Tons) 2017/18 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.88 232.67 60.21 229.25 64.83 12.68 World Less China 13.88 161.39 60.19 159.15 63.63 12.68 United States 0.36 44.66 0.44 32.24 12.72 0.50 Total Forei gn 13.51 188.01 59.77 197.02 52.11 12.17 Major Exporte rs 3/ 7.30 68.86 0.03 25.45 44.16 6.59 Argentina 3.34 28.40 0.00 3.00 26.27 2.48 Brazil 3.32 34.30 0.02 17.71 16.03 3.90 India 0.65 6.16 0.01 4.74 1.86 0.22 Major I mporters 4/ 1.84 20.48 38.77 58.96 0.66 1.46 Euro pean Union 0.49 11.81 18.35 30.04 0.40 0.21 Mexico 0.04 4.15 1.93 6.05 0.02 0.05 Southeast Asia 5/ 1.22 2.70 16.75 19.42 0.25 1.01 2018/19 Est. Beginning Sto c ks Produc tion Imports Dom estic Total Exports Ending Sto c ks World 2 / 12.68 234.36 62.65 230.75 67.40 11.53 World Less China 12.68 167.04 62.63 164.34 66.47 11.53 United States 0.50 44.28 0.62 32.74 12.30 0.37 Total Foreign 12.17 190.08 62.03 198.01 55.11 11.17 Major Exporters 3/ 6.59 72.23 0.07 26.53 46.92 5.44 Argentina 2.48 31.20 0.00 3.10 28.81 1.77 Brazil 3.90 33.35 0.02 18.15 15.91 3.21 India 0.22 7.68 0.05 5.28 2.20 0.47 Major Importers 4/ 1.46 22.23 38.99 60.54 0.59 1.56 European Union 0.21 12.80 18.60 30.89 0.36 0.36 Mexico 0.05 4.35 1.90 6.23 0.02 0.06 Southeast Asia 5/ 1.01 3.28 16.86 19.94 0.22 1.00 2019/20 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Oct 11.25 239.71 64.41 236.24 67.99 11.14 Nov 11.53 237.83 63.78 235.20 67.20 10.75 World Less China Oct 11.25 172.39 64.36 169.77 67.09 11.14 Nov 11.53 170.90 63.73 169.12 66.30 10.75 United States Oct 0.41 45.18 0.45 33.25 12.43 0.36 Nov 0.37 44.90 0.45 33.25 12.11 0.36 Total Foreign Oct 10.84 194.53 63.95 202.99 55.56 10.78 Nov 11.17 192.92 63.33 201.95 55.08 10.38 Major Exporters 3/ Oct 5.76 75.46 0.04 28.14 47.40 5.72 Nov 5.44 74.10 0.08 27.60 46.95 5.07 Argentina Oct 2.34 33.75 0.00 3.39 30.30 2.40 Nov 1.77 33.75 0.00 3.30 30.30 1.92 Brazil Oct 3.21 33.95 0.03 18.95 15.20 3.04 Nov 3.21 33.95 0.03 18.95 15.20 3.04 India Oct 0.21 7.76 0.02 5.80 1.90 0.29 Nov 0.47 6.40 0.05 5.35 1.45 0.12 Major Importers 4/ Oct 1.46 22.63 39.68 61.55 0.60 1.62 Nov 1.56 22.63 39.68 61.55 0.60 1.72 European Union Oct 0.25 12.56 19.00 31.19 0.35 0.27 Nov 0.36 12.56 19.00 31.19 0.35 0.38 Mexico Oct 0.06 4.70 1.98 6.65 0.02 0.08 Nov 0.06 4.70 1.98 6.65 0.02 0.08 South east Asia 5/ Oct 1.01 3.54 17.02 20.21 0.23 1.13 Nov 1.00 3.54 17.02 20.21 0.23 1.12 1/ Data based on local marketing years except for Argentina and Brazil which are ad justed to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Japan. 5/ Indonesia, M alaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. November 2019 WASDE - 594 - 30 World Soybean Oil Supply and Use 1/ (Milli on Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 3.76 55.15 9.82 54.68 10.54 3.51 World Less China 3.09 39.02 9.34 38.18 10.32 2.95 United States 0.78 10.78 0.15 9.70 1.11 0.91 Total Foreign 2.98 44.36 9.67 44.98 9.43 2.61 Major Exporters 3/ 0.74 19.31 0.33 12.28 7.28 0.83 Argentina 0.28 7.24 0.00 3.08 4.16 0.27 Brazil 0.29 8.50 0.05 6.94 1.51 0.39 European Union 0.16 2.84 0.28 2.23 0.90 0.16 Major Importers 4/ 1.37 18.44 5.86 24.43 0.27 0.96 China 0.67 16.13 0.48 16.50 0.21 0.57 India 0.48 1.39 2.98 4.72 0.01 0.12 North Africa 5/ 0.13 0.70 1.53 2.13 0.06 0.18 2018/19 Est. Beginning Sto c ks Product ion Imports Dom estic Total Exports Ending Sto c ks World 2/ 3.51 55.89 10.68 55.29 11.11 3.68 World Less China 2.95 40.66 9.89 39.40 10.91 3.18 United States 0.91 10.98 0.18 10.37 0.88 0.81 Total Foreign 2.61 44.92 10.50 44.91 10.23 2.88 Major Exporters 3/ 0.83 19.97 0.46 12.32 7.87 1.07 Argentina 0.27 7.91 0.00 2.68 5.26 0.24 Brazil 0.39 8.25 0.05 7.19 1.09 0.40 European Union 0.16 3.08 0.40 2.41 0.81 0.42 Major Importers 4/ 0.96 18.00 6.39 24.14 0.26 0.94 China 0.57 15.23 0.78 15.89 0.20 0.50 India 0.12 1.73 3.10 4.81 0.01 0.13 North Africa 5/ 0.18 0.75 1.46 2.20 0.06 0.13 2019/20 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Oct 3.77 57.20 11.74 57.17 11.87 3.68 Nov 3.68 56.75 11.63 56.83 11.83 3.41 World Less China Oct 3.26 41.97 10.54 40.88 11.72 3.18 Nov 3.18 41.61 10.43 40.55 11.68 3.00 United States Oct 0.78 11.15 0.20 10.66 0.78 0.69 Nov 0.81 11.08 0.20 10.66 0.77 0.66 Total Foreign Oct 2.99 46.05 11.54 46.51 11.09 2.98 Nov 2.88 45.68 11.43 46.17 11.06 2.75 Major Exporters 3/ Oct 1.08 20.80 0.41 12.43 8.76 1.09 Nov 1.07 20.80 0.41 12.43 8.76 1.08 Argentina Oct 0.30 8.65 0.00 2.69 5.95 0.31 Nov 0.24 8.65 0.00 2.69 5.95 0.25 Brazil Oct 0.40 8.39 0.05 7.30 1.15 0.39 Nov 0.40 8.39 0.05 7.30 1.15 0.38 European Union Oct 0.38 3.02 0.35 2.41 0.95 0.39 Nov 0.42 3.02 0.35 2.41 0.95 0.44 Major Importers 4/ Oct 1.03 18.04 7.41 25.22 0.24 1.02 Nov 0.94 17.68 7.30 24.89 0.22 0.82 China Oct 0.51 15.23 1.20 16.29 0.15 0.50 Nov 0.50 15.14 1.20 16.29 0.15 0.41 India Oct 0.23 1.75 3.50 5.24 0.01 0.23 Nov 0.13 1.44 3.50 4.95 0.01 0.12 North Africa 5/ Oct 0.13 0.73 1.66 2.32 0.08 0.12 Nov 0.13 0.77 1.55 2.27 0.06 0.12 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tun isia. Totals may not add due to rounding. November 2019 WASDE - 594 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Mea t & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2018 IV 6,862 7,031 13,952 10,588 1,518 12,239 26,191 2,331 53.4 Annual 26,872 26,315 53,417 42,601 5,878 49,018 102,435 9,115 217.6 2019 I 6,414 6,838 13,308 10,384 1,446 11,957 25,264 2,307 54.5 II 6,814 6,615 13,487 10,933 1,450 12,513 26,000 2,337 55.8 III 6,923 6,707 13,683 11,396 1,453 12,984 26,667 2,338 54.3 IV* 6,885 7,460 14,400 11,025 1,540 12,692 27,092 2,360 54.1 Annual Oct Proj. 26,948 27,578 54,750 43,667 5,846 50,017 104,767 9,344 218.2 Nov Proj. 27,036 27,620 54,878 43,738 5,889 50,146 105,024 9,342 218.6 2020 I* 6,510 7,180 13,747 10,640 1,450 12,216 25,963 2,330 55.8 II* 7,055 6,825 13,936 11,190 1,460 12,792 26,728 2,350 56.9 III* 6,945 6,990 13,990 11,565 1,465 13,173 27,163 2,360 55.0 Annual Oct Proj . 27,670 28,680 56,578 44,385 5,910 50,841 107,419 9,420 221.6 Nov Proj. 27,550 28,680 56,458 44,535 5,925 51,006 107,464 9,420 222.4 * Projection . 1/ Commerci al production for red meats; federally inspected for poultry meats. 2/ Beef, p ork, veal and lamb & mutton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cent s/doz. Dol./cwt 2018 IV 115.32 42.77 86.7 81.4 125.6 17.07 Annual 117.12 45.93 97.8 80.2 137.6 16.26 2019 I 125.27 40.67 94.0 82.8 107.3 16.97 II 118.79 57.95 97.7 85.5 69.7 17.93 III 108.16 50.08 82.0 90.8 81.9 18.97 IV* 112.00 44.00 81.0 95.0 110.0 20.50 Annual Oct Proj. 115.50 49.00 87.50 88.50 89.50 18.40 Nov Proj. 116.00 48.00 88.50 88.50 92.00 18.60 2020 I* 120.00 54.00 90.0 86.0 87.0 19.25 II* 117.00 59.00 100.0 88.0 88.0 18.65 III* 113.00 61.00 90.0 91.0 105.0 18.75 Annual Oct Proj. 116 58 91 90 99 18.85 Nov Proj. 116 57 91 90 99 18.85 *Projection. 1/ Simple average of months. 2/ 5 -Area , Direct, Tot al all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8 -16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. November 2019 WASDE - 594 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2018 649 26,938 2,998 30,585 3,161 662 26,762 57.2 2019 Proj. Oct 662 27,014 3,030 30,706 3,126 675 26,905 57.2 Nov 662 27,102 2,960 30,724 3,104 650 26,970 57.3 2020 Proj. Oct 675 27,736 2,870 31,281 3,305 675 27,301 57.7 Nov 650 27,616 2,870 31,136 3,305 665 27,166 57.4 Filler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2018 554 26,330 1,042 27,926 5,876 559 21,491 50.9 2019 Proj. Oct 559 27,592 956 29,107 6,580 590 21,937 51.7 Nov 559 27,634 958 29,150 6,496 550 22,104 52.1 2020 Proj. Oct 590 28,694 915 30,199 7,300 630 22,269 52.1 Nov 550 28,694 915 30,159 7,300 580 22,279 52.2 Fil ler Fil ler Fil le r Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2018 1,246 53,507 4,313 59,066 9,043 1,266 48,757 109.5 2019 Proj. Oct 1,266 54,839 4,239 60,34 4 9,713 1,310 49,321 110.1 Nov 1,266 54,967 4,169 60,402 9,606 1,242 49,554 110.7 2020 Proj. Oct 1,310 56,668 4,029 62,007 10,612 1,344 50,051 111.1 Nov 1,242 56,548 4,022 61,812 10,612 1,284 49,916 110.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Filler Broiler 2018 856 42,145 139 43,140 7,069 845 35,227 92.4 2019 Proj. Oct 845 43,20 0 130 44,174 7,111 895 36,169 94.3 Nov 845 43,270 132 44,247 7,040 895 36,312 94.7 2020 Proj. Oct 895 43,910 132 44,937 7,250 870 36,817 95.4 Nov 895 44,058 134 45,087 7,250 870 36,967 95.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2018 310 5,878 19 6,206 611 303 5,293 16.2 2019 Proj. Oct 303 5,846 13 6,162 637 265 5,259 16.0 Nov 303 5,889 13 6,205 637 265 5,303 16.1 2020 Proj. Oct 265 5,910 16 6,191 660 285 5,246 15.8 Nov 265 5,925 12 6,202 660 285 5,257 15.9 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2018 1,170 48,562 160 49,892 7,764 1,153 40,975 110.0 2019 Proj. Oct 1,153 49,549 145 50,847 7,830 1,167 41,851 111.6 Nov 1,153 49,678 148 50,979 7,760 1,167 42,051 112.1 2020 Proj. Oct 1,167 50,365 151 51,683 7,990 1,163 42,530 112.7 Nov 1,167 50,529 149 51,845 7,990 1,163 42,692 113.1 Fil ler Fil ler Fil ler Fil ler Filler Fil ler Fil ler Fil ler Red Meat & Poultry 2018 2,416 102,069 4,473 108,958 16,807 2,419 89,732 219.5 2019 Proj. Oct 2,419 104,389 4,384 111,192 17,543 2,477 91,172 221.7 Nov 2,419 104,645 4,317 111,381 17,367 2,409 91,605 222.8 2020 Proj. Oct 2,477 107,033 4,180 113,690 18,602 2,507 92,581 223.8 Nov 2,409 107,077 4,171 113,657 18,602 2,447 92,608 223.9 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condem nations. 2/ P ounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready -to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. November 2019 WASDE - 594 - 33 U.S. Egg Supply and Use Commodity 2017 2018 2019 Proj. 2019 Proj. 2020 Proj. 2020 Proj. Oct Nov Oct Nov Eggs Million Dozen Supply Beginning Stocks 142.2 87.5 78.8 78.8 104.0 104.0 Production 8,942. 7 9,114.6 9,344.0 9,341.6 9,420.0 9,420.0 Imports 34.2 17.8 15.5 15.0 16.0 16.0 Total Supply 9,119.1 9,220.0 9,438.3 9,435.4 9,540.0 9,540 .0 Use Exports 354.9 333.1 314.3 318.7 300.0 300.0 Hatching Use 1,035. 2 1,057.5 1,073.1 1,079.6 1,090.0 1,090.0 Ending Stocks 87.5 78.8 104.0 104.0 108.0 108.0 Disappearance Total 7,641. 5 7,750.6 7,946.8 7,933.2 8,042.0 8,042.0 Per Capita (number) 281.8 284.0 289.5 289.0 291.2 291.2 Total U.S. Milk Supply and Use Commodity 2017 2018 2019 Proj. 2019 Proj. 2020 Proj. 2020 Proj. Oct Nov Oct Nov Milk Billion Poun ds Production 215.5 217.6 218.2 218.6 221.6 222.4 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 12.7 13.4 13.8 13.8 13.0 13.7 Marketings 214.5 216.6 217.1 217.5 220.5 221.4 Imports 6.0 6.3 7.0 7.2 6.5 6.5 Total Cml. Supply 233.2 236.3 237.9 238.5 240.0 241.6 Fat Basis Use Commercial Exports 9.2 10.4 9.0 9.0 9.3 9.2 Ending Commercial Stocks 13.4 13.8 13.0 13.7 12.8 13.2 CCC Donations 0.0 0.0 0.2 0.2 0.2 0.2 Domestic Commercial Use 210.6 212.1 215.7 215.6 217.8 219.0 Skim -solid Basis Supply Beg. Commercial Stocks 9.5 11.8 10.7 10.7 10.4 10.6 Marketings 214.5 216.6 217.1 217.5 220.5 221.4 Imports 6.1 5.5 5.9 5.8 5.5 5.5 Total Cml. Supply 230.1 233.8 233.7 234.0 236.4 237.5 Skim -solid B asis Use Commercial Exports 40.8 44.7 40.0 40.4 43.0 43.0 Ending Commercial Stocks 11.8 10.7 10.4 10.6 9.5 10.8 CCC Donations 0.0 0.0 0.2 0.2 0.1 0.1 Domestic Commercial Use 177.5 178.5 183.1 182.8 183.8 183.6 Total Note: Totals ma y not add due to rounding. November 2019 WASDE - 594 - 34 U.S. Dair y Prices Commodity 2017 2018 2019 Proj. 2019 Proj. 2020 Proj. 2020 Proj. Oct Nov Oct Nov Product Prices 1/ Dollars Per Pound Cheese 1.6344 1.5377 1.710 1.765 1.790 1.860 Butter 2.3303 2.2572 2.260 2.250 2.200 2.060 Nonfat Dry Milk 0.8666 0.7945 1.020 1.035 1.040 1.095 Dry Whey 0.4437 0.3422 0.390 0.380 0.375 0.320 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 16.17 14.61 16.55 17.00 17.20 17.50 Class IV 15.16 14.23 16.20 16.30 16.10 15.95 All Milk 3/ 17.65 16.26 18.40 18.60 18.85 18.85 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price comput ations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal or der milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices recei ved by farmer s for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legis lation. November 2019 WASDE - 594 - 35 Reliability of November Projections 1/ Note: Tables on pages 35 -37 present a record of the November projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by mo re than 1.2 p ercent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 2 percent. The average difference between the November projection and the final estimate is 5.5 million tons, ranging from 0.1 million to 18 .1 million tons. The Nov ember projection has been below the estimate 28 times and above 10 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Avera ge Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 1.2 2.0 5.5 0.1 18.1 28 10 U.S. 0.4 0.7 0.2 0.0 1.2 18 13 Foreign 1.4 2.3 5.4 0.0 18.2 28 10 Export s World 5.7 9.6 6.0 0.2 19.2 31 7 U.S. 7.6 12.8 2.0 0.2 8.6 17 21 Foreign 6.9 11.8 5.8 0.3 17.2 33 5 Domestic Use World 1.3 2.3 5.8 0.0 18.8 23 14 U.S. 6.0 10.2 1.6 0.1 3.6 11 27 Foreign 1.4 2.4 6.0 0.5 21.1 26 12 Ending Stocks World 6.2 10.5 7.9 0.9 23.1 29 9 U.S. 11.4 19.3 2.1 0.2 7.0 24 14 Foreign 6.4 10.8 6.6 0.8 22.7 29 9 COARSE GRAINS 2/ Production World 1.6 2.7 13.2 0.2 47.3 29 9 U.S. 1.3 2.2 2.4 0.0 7.5 19 19 Foreign 2.2 3.8 13.3 0.2 48.8 29 9 Exports World 6.8 11.5 6.7 0.1 29.7 26 12 U.S. 16.1 27.3 6.0 0.4 14.7 19 19 Foreign 12.5 21.2 7.3 0.3 23.5 25 13 Domestic U se World 1.4 2.3 10.7 0.2 41.9 22 16 U.S. 3.6 6.2 5.2 0.2 17.2 18 20 Foreign 1.6 2.7 9.7 0.3 42.2 25 13 Ending Stocks World 12.5 21.2 13.0 0.3 39.6 31 7 U.S. 20.4 34.7 7.8 0.6 23.9 21 17 Foreign 16.3 27.6 11.1 0.2 31.1 34 4 RICE, milled Prod uction World 2.1 3.6 5.9 0.1 16.8 32 6 U.S. 2.9 4.9 0.1 0.0 0.5 19 16 Foreign 2.1 3.6 5.9 0.2 16.9 32 6 Exports World 9.2 15.6 1.8 0.1 6.0 30 8 U.S. 9.5 16.1 0.2 0.0 0.7 20 15 Foreign 10.5 17.8 1.7 0.0 6.0 28 10 Domestic Use World 1.7 2.9 4.0 0.1 17.5 31 7 U.S. 8.4 14.2 0.2 0.0 0.6 19 19 Foreign 1.7 2.9 4.0 0.0 17.7 32 6 Ending Stocks World 10.8 18.3 5.5 0.1 24.6 31 7 U.S. 22.8 38.8 0.2 0.0 0.8 22 16 Foreign 11.2 19.0 5.6 0.1 24.4 31 7 1/ Footnotes at end of table. CONTINUED November 2019 WASDE - 594 - 36 Reliability of November Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 4.0 6.8 6.1 0.1 25.1 22 16 U.S. 2.2 3.7 1.2 0.1 4.7 15 23 Foreign 6.6 11.2 5.9 0.0 26.4 20 18 Exports World 7.2 12.3 3.4 0.0 13.4 24 14 U.S. 10.1 17.2 2.4 0.1 7.1 24 14 Foreign 18.2 30.8 2.8 0.1 11.7 19 19 Domestic Use World 2.9 4.9 4.1 0.0 14.2 22 16 U.S. 3.6 6.2 1.3 0.0 3.8 26 12 Foreign 3.6 6.1 3.9 0.2 12.8 22 16 Ending Stocks World 16.3 27.6 4.4 0.0 18.4 21 17 U.S. 48.7 82.6 2.3 0.1 7.3 9 29 Foreign 17.3 29.4 3.9 0.1 18.2 22 16 COTTON Million 480 -Pound Bales Production World 3.6 6.1 2.5 0.1 9.3 24 14 U.S. 2.9 5.0 0.4 0.0 1.0 19 18 Foreign 4.2 7.1 2.4 0.1 8.9 24 14 Exports World 7.8 13.2 2.0 0.1 10.3 25 13 U.S. 17.2 29.2 1.1 0.1 3.2 23 15 Foreign 10.2 17.3 1.5 0.0 8.9 20 17 Domestic Use World 3.5 5.9 2.6 0.0 11.1 18 19 U.S. 7.4 12.5 0.3 0.0 1.1 19 19 Foreign 3.5 6.0 2.5 0.0 10.6 19 19 Ending Stocks World 12.0 20.3 4.8 0.3 14.6 24 14 U.S. 31.9 54.1 1.1 0.1 3.5 13 25 Foreign 12.8 21.7 4.6 0.0 15.1 26 12 1/ Marketing years 1981/82 through 2018/19 for grains, soybeans and cotton. Final fo r grains, soybeans and cotton is defined as the first November estimate following the mark eting year fo r 1981/82 through 2017/18, and for 2018/19 the last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. November 2019 WASDE - 594 - 37 Reliability of United States November Pro jections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smalle st Largest Below Final Above Final CORN Percent Million Bushels Production 1.3 2.2 90 0 250 19 18 Exports 16.6 28.2 212 9 575 18 20 Domestic Use 3.9 6.6 200 3 574 22 16 Ending Stocks 23.2 39.4 304 17 986 19 19 SORGHUM Production 4.1 7.0 15 1 53 20 18 Exports 19.6 33.3 31 0 123 21 16 Domestic Use 18.4 31.2 34 0 127 18 19 Ending Stocks 47.2 80.0 25 2 104 14 24 BARLEY Production 1.5 2.5 4 0 24 16 10 Exports 38.9 66.1 9 0 37 14 19 Domestic Use 7.7 13.1 17 0 70 13 24 Ending Stocks 13.7 23.3 13 0 38 25 11 OATS Production 1.1 1.9 2 0 18 7 9 Exports 72.0 122.1 1 0 7 9 10 Domestic Use 5.5 9.4 12 1 39 15 23 Ending Stocks 20.7 35.1 14 1 52 25 13 SOYBEAN MEAL Thousand Short Tons Production 3.6 6.2 1,067 14 3,250 24 14 Exports 11.6 19.7 730 0 3,600 20 15 Domestic Use 3.4 5.7 719 30 2,350 18 20 Endin g Stocks 28.3 48.1 44 0 249 14 13 SOYBEAN OIL Million Pounds Production 3.9 6.6 523 40 2,240 27 11 Exports 28.5 48.3 347 0 1,425 20 17 Domestic Use 3.8 6.5 462 56 1,828 25 13 Ending Stocks 23.4 39.7 345 0 1,077 19 18 ANIMAL P ROD. Milli on Pounds Beef 3.8 6.4 778 92 2,461 25 12 Pork 3.2 5.4 413 2 1,592 21 16 Broilers 1.8 3.1 407 17 1,394 23 14 Turkeys 3.4 5.8 134 2 444 21 16 Million Dozen Eggs 2.0 3.3 110 2 513 26 11 Billion Pounds Milk 1.5 2.6 1.7 0.0 6.0 18 13 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2018/19 for grains, soybeans, and cotton. Final for grains, soybean s, and cotton is defined as the first Novemb er estimate following the marketing year for 1981/82 through 2017/18, and for 2018/19 the last month’s estimate. Calendar years 1982 through 2018 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate publi shed by NASS for 1982 -2018. WASDE -594-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply an d Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (P ECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 Registration is now open fo r the 2020 Agricultural Outlook Forum Join us February 20- 21, 2020 Crystal G ateway Marriott Hotel Arlington, Virginia Register Here For More Information , please contact Forum Coordinator Mirvat Sewadeh at 202-720-5447 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ To subscribe to receive WASDE -related notifications by email or text message visit https://public.govdelivery.com/accounts/USDAOC/subscriber/new?topic_id= USDAOC_223 . Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at 202 -720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE -594 – November 8, 2019 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender , religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Righ ts, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and empl oyer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 578 Approved by the World Agricultura l Outlook Board June 12, 2018 Note: Because planting is still underway in the Northern Hemisphere and remains several months away in the Southern Hemisphere, these projections are highly tentative. National Agricultural Statistics Service (NASS) forec asts are used for U.S. winter wheat area, yield, and production. For other U.S. crops, methods used to project acreage and yield are noted on each table. WHEAT: U.S. 2018/19 wheat supplies are increased slightly this month on higher beginning stocks and production. Winter wheat is forecast up 6 million bushels to 1,198 million with modest increases in all winter wheat classes and total wheat production is now at 1,827 million. U.S. exports are raised 25 mill ion bushels to 950 million on tightening Russian exportable supplies. Projected 2018/19 ending stocks are lowered 9 million bushels to 946 million, down 12 percent from last year. The projected season- average farm price is up $0.10 per bushel with the mi dpoint at $5.10, compared to the revised 2017/18 price of $4.75. World 2018/19 wheat supplies decreased this month by 1.2 million tons on production declines in Russia, the EU, and Mexico not completely offset by higher projected production from India and the United States. Russia’s production is lowered by 3.5 million tons to 68.5 million on drier-than- normal conditions this spring in winter wheat areas and excessive wetness in spring wheat regions lowering plantings. Russia’s wheat production is projected down 19 percent from last year’s record 85.0 million tons. EU wheat production is reduced 1.0 million tons to 149.4 million on dry conditions this spring for winter wheat in Germany and Poland. India’s wheat production is raised 2.0 million tons to 97.0 million, based on record yields and supported by reports of higher procurement for the 2018/19 crop compared to last year. Projected global 2018/19 trade is lower, mainly on reduced Russian exportable supplies with a smaller crop. Russia’s exports are reduced 1.5 million tons to 35.0 million, but Russia still remains the world’s leading wheat exporter. Global imports are lowered, mainly on reduced imports for India as the government recently raised its wheat import tariff. Projected 2018/19 world consumption is 3.0 million tons lower, primarily on reduced feed usage for Russia and the EU. Global ending stocks are raised 1.8 million tons this month to 266.2 million but are still below last year’s record 272.4 million. COARSE GRAINS: This mon th’s 2018/19 U.S. corn outlook is for reduced beginning stocks, lower feed and residual use, greater corn used for ethanol production, and lower ending stocks. Beginning stocks are down largely reflecting a 75- million -bushel increase in projected exports for 2017/18 to 2.300 billion bushels, which if realized would be the highest since 2007/08. Exports during the month of April were record high, besting the prior monthly shipment record set in November 1989. Export inspection data for the month of May im plies continued robust global demand for U.S. corn, while old crop outstanding sales at this point in the marketing year are record high. Projected 2018/19 corn used for ethanol is raised 50 million bushels, offsetting a 50- million -bushel reduction in foo d, seed, and industrial (FSI) use WASDE- 578-2 of sorghum. Corn feed and residual use is lowered 25 million bushels with increased ethanol by-product production and higher expected prices. With supply falling and use rising, ending stocks are lowered 105 million bushels to 1.577 billion bushels, which if realized , would be the lowest level since 2013/14. The season- average farm price is raised 10 cents at the midpoint with a range of $3.40 to $4.40 per bushel. The 2018/19 U .S. sorghum outlook is for a 50- million -bushel increase in forecast exports offset by reduced FSI use. Exports are raised reflecting expectations of China’s demand for U.S. sorghum, based on the announcement by The Ministry of Commerce May 18 terminating the anti -dumping and subsidy investigation o n imported sorghum originating from the United States. This month’s 2018/19 foreign coarse grain outlook is for lower production, reduced trade and lower stocks relative to last month. Russia corn production is down based on government data indicating l ower -than-expected planted area. Barley production is reduced for Ukraine, India, and the EU, but raised for Argentina. For 2017/18, Brazil corn production is lowered, as below -normal rainfall in the Center -West and South during May reduces yield prospec ts for second- crop corn. Area is also reduced based on the latest government statistics. Major global trade changes for 2018/19 include lower forecast corn exports for Russia, with reductions in corn imports for Vietnam, Iran, and Algeria. Foreign corn ending stocks are lowered from last month, mostly reflecting reductions for the EU, Brazil, and Vietnam that more than offset increases for Ukraine and South Africa. RICE : U.S. 2017/18 rice ending stocks are raised 3.0 million cwt this month on a 1.0- million- cwt increase in imports and a 2.0- million -cwt decrease in exports. Both changes reflect the pace of trade to date. The import increase is primarily for long -grain aromatics from Asia. The entire export reduction was medium - and short -grain and is now projected at the lowest level in more than a decade. The 2017/18 season- average farm price for all rice is lowered $0.10 per cwt at the midpoint to a range of $12.30 to $12.70. Total supplies for 2018/19 are raised 4.0 million cwt on increased beginning stocks and imports. Domestic and residual usage is raised 1.0 million cwt on larger supplies. Exports are raised 2.0 million cwt following the unusually low medium - and short -grain sales from the previous market year. Ending stocks for 2018/19 are raised 1.0 million cwt and prices are unchanged. Global supplies for 2018/19 are lowered 2.1 million tons primarily on reduced China production. China’ s harvested area is decreased 0.5 million hectares and production is down 2.3 million tons. The redu ced China supplies are accounted for by a 1.0- million -ton reduction in consumption and a 1.3- million -ton decrease in stocks. Global consumption is lowered 0.6 million tons and exports are raised fractionally. With reduced supplies more than offsetting lower use, global ending stocks are down 1.5 million tons. OILSEEDS : This month’ s U.S. soybean supply and use projections for 2018/19 include lower beginning stocks, slightly higher crush, and lower ending stocks. Lower beginning stocks reflect higher c rush for 2017/18. Soybean crush for 2017/18 is raised 25 million bushels to 2,015 million reflecting an increase in projected soybean meal domestic disappearance and exports. Higher soybean meal domestic disappearance reflects stronger - than-expected use for the marketing year through April. Soybean meal exports are raised based in part on commitments through May. Soybean ending stocks for 2017/18 are WASDE- 578-3 projected at 505 million bushels, down 25 million from last month. Ending stocks for 2018/19 are projec ted at 385 million bushels, down 30 million from last month. Price forecasts for 2018/19 are unchanged this month. The 2018/19 season- average price for soybeans is forecast at $8.75 to $11.25 per bushel; soybean meal and oil prices are projected at $330 to $370 per short ton and 29.5 to 33.5 cents per pound, respectively. The 2018/19 global oilseed supply and demand forecasts include higher production, exports, and stocks compared to last month. Higher global soybean production is partly offset by lower rapeseed and cottonseed. Soybean production is up 0.7 million tons to 355.2 million mainly on higher production for Brazil. A higher trend yield for the 2018/19 Brazil soybean crop reflects harvest and yield results for the 2017/18 crop, which is increased 2 million tons to 119 million. With higher production, soybean exports for Brazil are revised up for both the 2017/18 and 2018/19 marketing years. Ending stocks for Brazil are also increased with higher production and a lower crush estimate for 2016/ 17. Global 2018/19 soybean ending stocks are increased 0.3 million tons to 87.0 million with higher stocks for Brazil partly offset by lower stocks for the United States and Argentina. Stocks for Argentina are lowered mainly on a 2.0- million -ton reduct ion to the 2017/18 crop to 37 million. Other changes include lower EU rapeseed production which is reduced on lower yields for Germany and Poland, where crops experienced warm and dry weather conditions through key flowering stages. SUGAR : U.S. sugar su pply for 2018/19 is decreased 44,387 short tons, raw value (STRV) to 14.203 million on lower beginning stocks and lower cane sugar production. Cane sugar production in Texas is lowered by 20,000 STRV to 160,000 based on processor -reported lower area harvested but with the same crop yield and sucrose recovery as in the previous year. Imports for 2018/19 are unchanged and like last month, projected TRQ imports of specialty sugar include only the WTO minimum quantity as additi onal quantities have not been announced by the Secretary of Agriculture. Exports are increased by 35,000 STRV to 85,000 on larger expected shipments to Mexico. U.S. sugar supply for 2017/18 is decreased 49,387 STRV on lower cane sugar production and fewer imports. Florida cane sugar production for 2017/18 is reduced 14,387 STRV on processors’ estimates. Re-export imports are reduced 50,000 S TRV. Partially offsetting this reduction is an increase in high-tier tariff imports as indicated in preliminary U.S. Customs import data. Deliveries for human consumption are reduced by 25,000 STRV based on pace- to-date, but this reduction is tempered by high raw sugar stocks held by cane refiners for t his time of year . In Mexico 2018/19 sugar imports are increased by 30,767 metric tons (MT) to 115,000. The end uses of these imports are forecast for human consumption and are projected to be imported from the United States. LIVESTOCK, POULTRY, AND DAIRY : The 2018 forecast for total meat production is lowered from last month, but production forecasts are unchanged for 2019. Beef production for 2018 is lowered primarily as lighter carcass weights more than offset higher second- quarter steer and heifer and cow slaughter. Pork production for 2018 is lowered on the current pace of second- quarter slaughter and lower -expected commercial slaughter in the third quarter. Slightly WASDE- 578-4 heavier expected hog carcass weights in the second and third quarters partially o ffset declines in slaughter. USDA’s Quarterly Hogs and Pigs report will be released June 28th and will provide an indication of producer farrowing intentions for the remainder of 2018. Broiler production for 2018 is raised on the pace of second -quarter production data and stronger growth in production during the second half of the year. Turkey production in the second quarter of 2018 is raised on the current pace of slaughter; no changes are made to outlying quarters. Eg g production for 2018 is raised on recent hatchery data. The 2018 beef import forecast is raised on increased shipments from Oceania, while the beef export forecast is raised largely on strong A sian demand reflected in recent trade data. The 2018 pork export forecast is raised on continued strong shipments to a number of key markets and expectations of continued pork exports to Mexico. Pork exports for 2019 are raised on expected strong demand to a number of key trading partners. Second- half 2018 turkey export forecasts are raised as U.S. prices remain attractive. The 2018 broiler trade forecast is unchanged from the previous month. No changes are made to 2019 beef and poultry trade forecasts. Cattle prices for 2018 are lowered slightly on second- quarter price data; no changes are made to outlying quarters. Hog prices are raised for the second quarter of 2018 on current price strength, but no changes are made to the outlying quarters. Second -quarter broiler prices are lowered for 2018; no changes are mad e to outlying quarters. Turkey prices are increased fractionally for 2018, reflecting a higher second- quarter forecast. Egg prices for 2018 are lowered on recent price data. For 2019, hog prices are lowered on weaker expected demand, but no changes are made to cattle, poultry , and egg price forecasts for 2019. The milk production forecast for 2018 is reduced from last month on slightly lower cow numbers and slower expected growth in milk per cow. No change is made to the annual cow herd for 2019, but th e milk production forecast for 2019 is lowered from last month on continued slow growth in milk per cow. For 2018, fat basis exports are raised from the previous month as second- quarter exports are strong and continued strength in sales of a number of f at-containing products will largely mitigate the impacts of Mexico’s tariff s on U.S. cheese. For 2019, the fat basis export forecast is lowered. Skim -solids basis export forecasts for 2018 and 2019 are raised from the previous month on robust demand for non -fat dry milk and lactose thus far in 2018, and this strength is expected to carry into 2019. Fat basis imports for 2018 and 2019 are rai sed on h igher imports of butterfat products, while skim -solids basis import forecasts for 2018 and 2019 are reduced on lower imports of milk proteins and a number of other dairy products. The 2018 cheese price is unchanged at the midpoint of the range, but is raised for 2019. The 2018 butter price forecast is raised, but is reduced slightly for 2019. Nonfat dry milk (NDM) and whey pric e forecasts are raised for both 2018 and 2019 on strong demand and a reduced production forecast. For 2018, the Class III price is raised on the stronger whey price. The Class IV price forecasts reflects higher butter and NDM prices. For 2019, both Clas s III and Class IV prices are raised. The all milk price is forecast higher at $1 6.60 to $17.00 per cwt for 2018 and is increased to $16.70 to $17.70 per cwt for 2019. COTTON : The most significant revision to this month’s U.S. cotton supply and demand estimates is a 500,000 -bale increase in 2017/18 exports, to 16.0 million bales, due to above-WASDE- 578-5 average late- season shipments. U.S. ending stocks are now forecast at 4.2 million bales in 2017/18, and 4.7 million bales in 2018/19, for a stocks -to-use ratio of 25 percent. The projected range of the marketing -year-average farm price is raised 5 cents at each end to 60- 80 cents per pound. The 2018/19 world projections include lower production for China, Pakistan, and Australia offset in part for higher production for Brazil. World production is nearly 800,000 bales lower this month, while 2018/19 consumption is reduced only 85,000 bales, as a 225,000- bale reduction for South Korea is largely offset by increases for Uzbekistan and Vietnam. World beginning stocks for 2018/19 are unchanged from a month earlier, but ending stocks are 725,000 bales lower. At 83.0 million bales, 2018/19 world ending stocks are projected 5.2 million bales lower than a year earlier, but stocks outside of China are expected to rise for the third consecutive year. Approved by the Secretary of Agriculture and t he Chairman of the World Agricultural Outlook Board, Seth D. Meyer , (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY : ROBERT JOHANSSON SECRETARY OF AGRICULTURE DESIGNATE WASDE- 578-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’ s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers , ICEC Chair, WAOB, E -mail: wchambers @oce.usda.gov Jennifer Bond, ERS; Andrew Sowell, FAS; Pete Riley, FSA . Rice: William Chambers , ICEC Chair, WAOB, E-mail: wchambers @oce.usda.gov Nathan Childs, ERS; Rachel Trego, FAS; Sherrie Grimm, FSA. Feed Grains: Michael Jewison , ICEC Chair, WAOB, E-mail: [email protected] Tom Capehart, ERS; Yoonhee Macke , FAS; Thomas Gajnak , FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail: [email protected] Mark Ash, ERS; Bill George, FAS; Susan Proper, FSA . Cotton: Stephen MacDonald, ICEC Chair, WAOB, E -mail: [email protected] Leslie Meyer, ERS; James Johnson, FAS; Erik Do hlman , FSA . Sugar: Stephen Haley , ICEC Chair, WAOB, E -mail: shaley @oce.usda.gov Michael McConnell, ERS; Ro n Lord, FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Sherry Wise, AMS; Mildred Haley, E RS; Lindsa y Kuberka, FAS; Ryan Pfirrmann- Powell, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Larry Haller, AMS; Sean Ramos, ERS; Claire Mezoughem , FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E -mail: [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Milton Madison, FSA. In 2018, the WASDE report will be released at 12:00pm Eastern Time Jul 12, Aug 10, Sep 12, Oct 11, Nov 8, and Dec 11. WASDE- 578-7 T A B L E OF C O N T E N T S Page Highlights ................................ ................................ ................................ ............. 1 Interagency Commodity Estimates Committees ................................ .................... 6 World & U.S. Supply & Use for Grains ................................ ................................ .. 8 World & U.S. Supply & Use for Cotton ................................ ................................ .. 9 World & U.S. Supply & Use for Oilseeds ................................ ............................ 10 U.S. Wheat Supply & Use ................................ ................................ .................. 11 U.S. Wheat Supply & Use by Class ................................ ................................ .... 11 U.S. Feed Grain & Corn Supply & Use ................................ ............................... 12 U.S. Sorghum, Barley & Oats Supply & Use ................................ ....................... 13 U.S. Rice Supply & Use ................................ ................................ ..................... 14 U.S. Soybeans & Products Supply & Use ................................ ........................... 15 U.S. Sugar Supply & Use ................................ ................................ ................... 16 Mexico Sugar Supply and Use ................................ ................................ ........... 16 U.S. Cotton Supply & Use ................................ ................................ .................. 17 World Wheat Suppl y & Use ................................ ................................ ................ 18 World Coarse Grains Supply & Use ................................ ................................ .... 20 World Corn Supply & Use ................................ ................................ .................. 22 World Rice Supply & Use ................................ ................................ ................... 24 World Cotton Supply & Use ................................ ................................ ................ 26 World Soybean Supply & Use ................................ ................................ ............ 28 World Soybean Meal Supply & Use ................................ ................................ .... 29 World Soybean Oil Supply & Use ................................ ................................ ....... 30 U.S. Quarterly Animal Produ ct Production ................................ .......................... 31 U.S. Quarterly Prices for Animal Products ................................ .......................... 31 U.S. Meats Supply and Use ................................ ................................ ............... 32 U.S. Egg Supply & Use ................................ ................................ ...................... 33 U.S. Milk Supply and Use ................................ ................................ .................. 33 U.S. Dairy Prices ................................ ................................ ............................... 34 Reliability Tables ................................ ................................ ................................ 35 Related USDA Reports ................................ ................................ ...................... 38 Metric Conversion Factors ................................ ................................ ................. 38 Electronic Acces s and Subscriptions ...................................................................... 40 June 2018 WASDE - 578 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2016/17 2608.41 3233.50 428.99 2577.19 656.31 2017/18 (Est.) 2561.69 3218.00 421.48 2580.67 637.33 filler filler filler filler filler 2018/19 (Proj.) May 2578.35 3215.31 434.58 2620.85 594.46 2018/19 (Proj.) Jun 2568.88 3206.21 432.39 2615.29 590.91 filler filler filler filler filler Wheat 2016/17 751.99 996.23 183.28 738.91 257.33 2017/18 (Est.) 758.22 1015.55 182.80 743.18 272.37 filler filler filler filler filler 2018/19 (Proj.) May 747.76 1018.22 188.43 753.89 264.33 2018/19 (Proj.) Jun 744.69 1017.06 187.32 750.90 266.16 filler filler filler filler filler Coarse Grains 5/ 2016/17 1369.75 1617.84 198.44 1355.60 262.24 2017/18 (Est.) 1315.16 1577.40 190.42 1356.32 221.07 filler filler filler filler filler 2018/19 (Proj.) May 1341 .10 1563.77 196.85 1378.33 185.45 2018/19 (Proj.) Jun 1336.84 1557.91 195.72 1376.34 181.57 filler filler filler filler filler Rice, milled 2016/17 486.66 619.43 47.28 482.68 136.74 2017/18 (Est.) 488.31 625.06 48.25 481.17 143.89 filler filler filler filler filler 2018/19 (Proj.) May 489.50 633.31 49.30 488.63 144.68 2018/19 (Proj.) Jun 487.35 631.24 49.35 488.06 143.18 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2016/17 472.56 556.09 96.92 363.41 95.76 2017/18 (Est.) 437.29 541.29 91.92 362.86 86.52 filler filler filler filler filler 2018/19 (Proj.) May 425.82 522.01 86.06 363.83 72.12 2018/19 (Proj.) Jun 425.99 520.58 88.07 363.23 69.28 filler filler filler filler filler Wheat 2016/17 62.83 92.60 28.72 31.75 32.13 2017/18 (Est.) 47.37 83.72 24.49 29.83 29.40 filler filler filler filler filler 2018/19 (Proj.) May 49.57 82.37 25.17 31.22 25.98 2018/19 (Proj.) Jun 49.74 82.81 25.86 31.22 25.74 filler filler filler filler filler Coarse Grains 5/ 2016/17 402.61 454.15 64.50 327.48 62.17 2017/18 (Est.) 384.26 449.60 64.44 329.22 55.94 filler filler filler filler filler 2018/19 (Proj.) May 369.80 431.27 57.68 328.74 44.85 2018/19 (Proj.) Jun 369.80 429.28 58.95 328.11 42.23 filler filler filler filler filler Rice, milled 2016/17 7.12 9.34 3.70 4.17 1.46 2017/18 (Est.) 5.66 7.98 2.99 3.81 1.18 filler filler filler filler filler 2018/19 (Proj.) May 6.45 8.37 3.21 3.87 1.29 2018/19 (Proj.) Jun 6.45 8.49 3.27 3.91 1.32 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of expo rt/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). June 2018 WASDE - 578 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2016/17 2,135.85 2,677.41 332.07 2,213.78 560.55 2017/18 (Est.) 2,124.40 2,676.70 329.56 2,217.81 550.81 filler filler filler filler filler 2018/19 (Proj.) May 2,152.53 2,693.30 348.52 2,257.01 522.35 2018/19 (Proj.) Jun 2,142.89 2,685.62 344.32 2,252 .06 521.63 filler filler filler filler filler Wheat 2016/17 689.16 903.63 154.56 707.15 225.20 2017/18 (Est.) 710.85 931.82 158.31 713.35 242.97 filler filler filler filler filler 2018/19 (Proj.) May 698.19 935.85 163.26 722.67 238.35 2018/19 (Proj.) Jun 694.95 934.25 161.47 719.68 240.42 filler filler filler filler filler Coarse Grains 5/ 2016/17 967.14 1,163.69 133.93 1,028.12 200.07 2017/18 (Est.) 930.90 1,127.80 125.99 1,027.10 165.14 filler filler filler filler filler 2018/19 (Proj.) May 971.30 1,132.50 139.17 1,049.59 140.59 2018/19 (Proj.) Jun 967.04 1,128.63 136.77 1,048.23 139.34 filler filler filler filler filler Rice, milled 2016/17 479.55 610.09 43.57 478.51 135.28 2017/18 (Est.) 482.65 617.08 45.27 477.36 142.70 filler filler filler filler filler 2018/19 (Proj.) May 483.05 624.95 46.09 484.76 143.40 2018/19 (Proj.) Jun 480.90 622.75 46.08 484.15 141.87 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mi xed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2016/17 106.63 201.65 37.40 114.81 86.94 2017/18 (Est.) 122.76 209.70 40.13 120.77 88.21 filler filler filler filler filler 2018/19 (Proj.) May 121.19 209.39 41.12 125.44 83.75 2018/19 (Proj.) Jun 120.40 208.61 41.07 125.35 83.02 filler filler filler filler filler United States 2016/17 17.17 20.98 14.92 3.25 2.75 2017/18 (Est.) 20.92 23.68 16.00 3.35 4.20 filler filler filler filler filler 2018/19 (Proj.) May 19.50 24.21 15.50 3.40 5.20 2018/19 (Proj.) Jun 19.50 23.71 15.50 3.40 4.70 filler filler filler filler filler Foreign 4/ 2016/17 89.46 180.68 22.48 111.56 84.19 2017/18 (Est.) 101.84 186.02 24.13 117.42 84.01 filler filler filler filler filler 2018/19 (Proj.) May 101.69 185.19 25.62 122.04 78.55 2018/19 (Proj.) Jun 100.90 184.90 25.57 121.95 78.32 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal t o world minus United States. See global cotton tables for treatment of export/import imbalances. June 2018 WASDE - 578 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2016/17 576.96 669.33 170.63 469.52 111.67 2017/18 (Est.) 572.93 684.59 175.94 489.83 108.09 filler filler filler filler filler 2018/19 (Proj.) May 593.72 700.80 186.35 509.38 100.05 2018/19 (Proj.) Jun 593.94 702.03 187.10 509.56 100.68 filler filler filler filler filler Oilmeals 2016/17 321.48 338.59 88.21 318.61 16.62 2017/18 (Est.) 335.07 351.69 88.60 332.92 15.05 filler filler filler filler filler 2018/19 (Proj.) May 348.48 363.26 90.38 345.21 14.71 2018/19 (Proj.) Jun 348.71 363.75 90.42 345.47 14.95 filler filler filler filler filler Vegetable Oils 2016/17 189.26 210.66 81.13 183.96 20.45 2017/18 (Est.) 198.68 219.14 81.25 191.42 21.78 filler filler filler filler filler 2018/19 (Proj.) May 206.21 227.65 83.71 198.63 23.43 2018/19 (Proj.) Jun 206.28 228.05 83.97 198.25 24.05 filler filler filler filler filler United States Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2016/17 126.93 135.30 60.28 56.26 9.60 2017/18 (Est.) 131.03 142.11 57.46 59.12 15.83 filler filler filler filler filler 2018/19 (Proj.) May 127.29 145.18 63.46 58.88 13.15 2018/19 (Proj.) Jun 127.29 144.54 63.46 59.02 12.36 filler filler filler filler filler Oilmeals 2016/17 43.11 47.31 10.85 36.06 0.41 2017/18 (Est.) 45.66 49.85 12.19 37.33 0.33 filler filler filler filler filler 2018/19 (Proj.) May 45.42 49.54 11.61 37.60 0.33 2018/19 (Proj.) Jun 45.60 49.72 11.62 37.77 0.33 filler filler filler filler filler Vegetable Oils 2016/17 11.43 17.37 1.42 14.72 1.23 2017/18 (Est.) 11.83 18.15 1.34 15.37 1.43 filler filler filler filler filler 2018/19 (Proj.) May 11.90 18.33 1.21 15.84 1.28 2018/19 (Proj.) Jun 11.93 18.48 1.21 15.84 1.43 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2 / Ending Sto c ks Oilseeds 2016/17 450.02 534.03 110.35 413.27 102.07 2017/18 (Est.) 441.89 542.48 118.49 430.71 92.25 filler filler filler filler filler 2018/19 (Proj.) May 466.43 555.63 122.89 450.50 86.91 2018/19 (Proj.) Jun 466.6 5 557.49 123.64 450.54 88.32 filler filler filler filler filler Oilmeals 2016/17 278.36 291.27 77.36 282.55 16.21 2017/18 (Est.) 289.42 301.84 76.41 295.59 14.72 filler filler filler filler filler 2018/19 (Proj.) May 303.07 313.73 78.76 307.62 14.38 2018/19 (Proj.) Jun 303.10 314.03 78.79 307.70 14.63 filler filler filler filler filler Vegetable Oils 2016/17 177.83 193.30 79.71 169.24 19.22 2017/18 (Est.) 186.85 200.99 79.91 176.05 20.35 filler filler filler filler filler 2018/19 (Proj.) May 194.32 209.32 82.50 182.79 22.15 2018/19 (Proj.) Jun 194.35 209.58 82.77 182.41 22.62 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only f or oilseeds. 3/ Total Foreign is equal to World minus United States. June 2018 WASDE - 578 - 11 U.S. Wheat Supply and Use 1/ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. May Jun Million Acres Area P lanted 50.1 46.0 47.3 * 47.3 * Area Harvested 43.9 37.6 38.9 * 38.9 * Bushels Yield per Harvested Acre 52.7 46.3 46.8 * 46.9 * Million Bushels Beginning Stocks 976 1,181 1,070 1,080 Production 2,309 1,741 1,821 1,827 Imports 118 155 135 135 Supply, Total 3,402 3,076 3,027 3,043 Food 949 963 965 965 Seed 61 63 62 62 Feed and Residual 156 70 120 120 Domestic, Total 1,167 1,096 1,147 1,147 Exports 1,055 900 925 950 Use, Total 2,222 1,996 2,072 2,097 Ending Stocks 1,181 1,080 955 946 Avg. Farm Price ($/bu) 2/ 3.89 4.75 4.50 - 5.50 4.60 - 5.60 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2017/18 (Est.) Beginning S tocks 589 235 215 105 36 1,181 Production 750 385 292 258 55 1,741 Supply, Total 3/ 1,347 694 523 371 141 3,076 Domestic Use 436 269 211 96 85 1,096 Exports 370 225 90 195 20 900 Use, Total 806 494 301 291 105 1,996 Ending Stocks, T otal Jun 541 200 223 81 36 1,080 Ending Stocks, Total May 551 195 223 71 31 1,070 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes im ports. * Planted acres reported in the March 28, 2018, "Prospective Plantings." Harvested acres and yield for other spring wheat and Durum are projected using 10 -year harvested -to-planted ratios by state and 1985- 2017 yield trends by state (except for Ar izona, California, and Idaho Durum). For May, winter wheat harvested acres and yield reported in the May 10, 2018,"Crop Production." For June, winter wheat harvested acres and yield reported in the June 12, 2018,"Crop Production." *********************** ******************************************************* Wheat -by-class projections for 2018/19 will first be published in the July 12, 2018, WASDE. ****************************************************************************** June 2018 WASDE - 578 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. May Jun Million Acres Area Planted 106.6 100.9 99.0 * 99.0 * Area Harvested 96.5 90.5 88.8 * 88.8 * Metric Tons Yield per Harvested Acre 4.17 4.24 4.16 4.16 Million Metric Tons Beginning Stocks 48.1 62.1 57.9 55.9 Production 402.3 384.0 369.5 369.5 Imports 3.3 3.0 3.3 3.3 Supply, Total 453.6 449.1 430.8 428.8 Feed and Residual 144.6 144.0 140.5 139.8 Food, Seed & Industrial 182.4 184.8 187.8 187.8 Domestic, Total 327.0 328.8 328.2 327.6 Exports 64.5 64.4 57.7 58.9 Use, Total 391.5 393.2 385.9 386.6 Ending Stocks 62.1 55.9 44.8 42.2 CORN 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. May June Million Acres Area Planted 94.0 90.2 88.0 * 88.0 * Area Harvested 86.7 82.7 80.7 * 80.7 * Bushels Yield per Harvested Acre 174.6 176.6 174.0 * 174.0 * Million Bushels Beginning Stocks 1,737 2,293 2,182 2,102 Production 15,148 14,604 14,040 14,040 Imports 57 45 50 50 Supply, Total 16,942 16,942 16,272 16,192 Feed and Residual 5,472 5,500 5,375 5,350 Food, Seed & Industrial 2/ 6,883 7,040 7,115 7,165 Ethanol & by -products 3/ 5,432 5,575 5,625 5,675 Domestic, Total 12,356 12,540 12,490 12,515 Exports 2,293 2,300 2,100 2,100 Use, Total 14,649 14,840 14,590 14,615 Ending Stocks 2,293 2,102 1,682 1,577 Avg. Farm Price ($/bu) 4/ 3.36 3.25 - 3.55 3.30 - 4.30 3.40 - 4.40 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by -products including distiller s' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing - year weighted average price received by farmers. * Planted acres reported in the March 29, 2018, "Prospective Plantings." For corn, harvested acres projected based on historical abandonment and use for silage. The yield projection is based on a weather -adjusted trend assuming normal mid -May planting progress and summer growing season weather, estimated using the 1988- 2017 time period, and includes a downward stochastic adjustment to account for the asymmetric response of yield to July precipitation. (For an explanation of the yield trend model see Westcott and Jewison, Weather Effects on Expected Corn and Soybean Yields, USDA -ERS, Feed Outlook No. (FDS -13G-01), July 2013, https://w ww.ers.usda.gov/publications/pub -details/?pubid=36652.) June 2018 WASDE - 578 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. May Jun Million Bushe ls Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 6.7 5.6 5.9 * 5.9 * Area Harvested (mil. acres) 6.2 5.0 5.1 * 5.1 * Yield (bushels/acre) 77.9 72.1 67.3 * 67.3 * Beginning Stocks 37 33 29 29 Production 480 364 343 343 Imports 2 2 0 0 Supply, Total 519 399 372 372 Feed and Residual 130 90 80 80 Food, Seed & Industrial 115 50 100 50 Total Domestic 245 140 180 130 Exports 241 230 165 215 Use, Total 485 370 345 345 Ending Stocks 33 29 27 27 Avg. Farm Price ($/bu) 2/ 2.79 3.10 - 3.30 3.10 - 4.10 3.20 - 4.20 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. May June Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.1 2.5 2.3 * 2.3 * Area Harvested (mil. acr es) 2.6 2.0 2.0 * 2.0 * Yield (bushels/acre) 77.9 72.6 73.5 * 73.5 * Beginning Stocks 102 106 65 65 Production 200 142 147 147 Imports 10 10 20 20 Supply, Total 312 258 232 232 Feed and Residual 39 25 25 25 Food, Seed & Industrial 162 162 155 155 Total Domestic 201 187 180 180 Exports 4 6 5 5 Use, Total 205 193 185 185 Ending Stocks 106 65 47 47 Avg. Farm Price ($/bu) 2/ 4.96 4.50 4.00 - 5.20 4.00 - 5.20 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. May June Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.8 2.6 2.7 * 2.7 * Area Harvested (mil. acres) 1.0 0.8 1.0 * 1.0 * Yield (bushels/acre) 66.0 61.7 66.0 * 66.0 * Beginning Stocks 57 50 21 24 Production 65 49 66 66 Imports 90 90 95 95 Supply, Total 212 190 182 185 Feed and Residual 82 85 75 75 Food, Seed & Industrial 76 78 79 79 Total Domestic 158 163 154 154 Exports 3 3 2 2 Use, Total 162 166 156 156 Ending Stocks 50 24 26 29 Avg. Farm Price ($/bu) 2/ 2.06 2.55 2.55 - 3.15 2.60 - 3.20 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price recei ved by farmers. * Planted acres reported in the March 29, 2018, "Prospective Plantings." Harvested area for sorghum, barley and oats based on historical average harvested -to-planted ratios. For sorghum the projected yield is the median yield for 1986- 2017. For barley and oats, projected yields are based on the 1990 -2017 trends. Yields shown reflect production rounding. June 2018 WASDE - 578 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice ) TOTAL RICE 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. May Jun Million Acres Area Planted 3.15 2.46 2.69 * 2.69 * Area Harvested 3.10 2.37 2.67 * 2.67 * Fil ler Pounds Yield per Harvested Acre 7,237 7,507 7,610 * 7,610 * Million Hundredweight Beginning Stocks 2/ 46.5 46.0 34.3 37.3 Production 224.1 178.2 203.2 203.2 Imports 23.5 27.0 26.0 27.0 Supply, Total 294.1 251.3 263.5 267.5 Domestic & Residual 3/ 131.4 120.0 122.0 123.0 Exports, Total 4/ 116.7 94.0 101.0 103.0 Rough 42.5 31.0 34.0 34.0 Milled (rough equiv.) 74.2 63.0 67.0 69.0 Use, Total 248.0 214.0 223.0 226.0 Ending Stocks 46.0 37.3 40.5 41.5 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/c wt) 6/ 10.40 12.30 - 12.70 11.90 - 12.90 11.90 - 12.90 Total LONG -GRAIN RICE 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. May June Harvested Acres (mil.) 2.40 1.75 Yield (pounds/acre) 6,927 7,314 Beginning Stocks 22.7 31.0 20.4 21.4 Production 166.5 127.9 150.2 150.2 Supply, Total 7/ 209.4 182.4 193.1 195.1 Domestic & Residual 3/ 99.7 92.0 95.0 96.0 Exports 8/ 78.7 69.0 72.0 72.0 Use, Total 178.4 161.0 167.0 168.0 Ending Stocks 31.0 21.4 26.1 27.1 Avg. Farm Price ($/cwt) 6/ 9.61 11.50 - 11.70 11.00 - 12.00 11.00 - 12.00 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. May June Harvested Acres (mil.) 0.69 0.63 Yield (pounds/acre) 8,311 8,048 Beginning Stocks 20.9 11.5 10.4 12.4 Production 57.7 50.4 53.0 53.0 Supply, Total 7/ 81.1 65.4 66.9 68.9 Domestic & Residual 3/ 31.7 28.0 27.0 27.0 Exports 8/ 37.9 25.0 29.0 31.0 Use, Total 69.6 53.0 56.0 58.0 Ending Stocks 11.5 12.4 10.9 10.9 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 13.10 14.70 - 15.30 14.70 - 15.70 14.70 - 15.70 California 10/ 14.10 16.20 - 17.00 16.50 - 17.50 16.50 - 17.50 Other States 1/ 10.10 11.90 - 12.10 11.20 - 12.20 11.20 - 12.20 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2015/16 -2.9; 2016/17 -3.5; 2017/18 -3.5. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and endin g stock s. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the tot al quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California . The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NAS S monthly prices and the final price may differ. For example, the average difference between the August WASDE S AFP forecast and the final price has averaged $1.65 per cwt from 2008/09 -2013/14, with a high of $3.50 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. * Planted acr es reported in March 29, 2018, "Prospectiv e Plantings." Harvested acres are estimated using the average harvested -to-planted ratios by rice class, 2013 -2017. Projected yield is based on by class trend analysis and prospective planting. June 2018 WASDE - 578 - 15 U.S. S oybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. May Jun Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 83.4 90.1 89.0 * 89.0 * Area Harvested 82.7 89.5 88.2 * 88.2 * Fil ler Bushels Yield per Harvested Acre 52.0 49.1 48.5 * 48.5 * Million Bushels Beginning Stocks 197 302 530 505 Production 4,296 4,392 4,280 4,280 Imports 22 25 25 25 Supply, Total 4,515 4,718 4,835 4,810 Crushings 1,901 2,015 1,995 2,000 Exports 2,174 2,065 2,290 2,290 Seed 105 103 103 103 Residual 34 30 32 32 Use, Total 4,213 4,213 4,420 4,425 Ending Stocks 302 505 415 385 Avg. Farm Price ($/bu) 2/ 9.47 9.40 8.75 - 11.25 8.75 - 11.25 Total SOYBEAN OI L 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. May June Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,687 1,711 1,896 2,176 Production 4/ 22,123 23,150 23,040 23,100 Imports 319 315 300 300 Supply, Total 24,129 25,176 25,236 25,576 Domestic Disappearance 19,862 20,600 21,300 21,300 Biodiesel 3/ 6,200 6,800 7,300 7,300 Food, Feed & other Industrial 13,661 13,800 14,000 14,000 Exports 2,556 2,400 2,100 2,100 Use, Total 22,418 23,000 23,400 23,40 0 Ending stocks 1,711 2,176 1,836 2,176 Avg. Price (c/lb) 2/ 32.48 30.50 29.50 - 33.50 29.50 - 33.50 Total SOYBEAN MEAL 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. May June Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 264 401 300 300 Production 4/ 44,787 47,699 47,250 47,450 Imports 349 500 350 350 Supply, Total 45,400 48,600 47,900 48,100 Domestic Disappearance 33,399 35,200 35,200 35,400 Exports 11,601 13,100 12,400 12,400 Use, Total 45,000 48,300 47,600 47,800 Ending Stocks 401 300 300 300 Avg. Price ($/s.t.) 2/ 316.88 360.00 330.00 - 370.00 330.00 - 370.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybe ans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple av erage of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biod iesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,015 million bushels for 2017/18 and 2,000 million bushels for 2018/19. *Planted acres are reported in the March 29, 2018 Prospec tive Plantings report. Harvested acres are based on the 5 -year planted -to-harvested ratio. The projected yield is based on a weather -adjusted trend model and assumes normal weather. June 2018 WASDE - 578 - 16 U.S. Sugar Supply and Use 1/ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. May Jun Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 2,054 1,876 1,901 1,876 Production 2/ 8,969 9,238 8,981 8,961 Beet Sugar 5,103 5,221 5,036 5,036 Cane Sugar 3,866 4,017 3,945 3,925 Florida 2,055 1,983 2,085 2,085 Hawaii 43 0 0 0 Louisiana 1,628 1,859 1,680 1,680 Texas 140 175 180 160 Imports 3,244 3,387 3,365 3,365 TRQ 3/ 1,611 1,788 1,355 1,355 Other Program 4/ 419 300 350 350 Other 5/ 1,213 1,299 1,660 1,660 Mexico 1,201 1,269 1,645 1,645 Total Supply 14,267 14,501 14,247 14,203 Exports 95 170 50 85 Deliveries 12,258 12,455 12,655 12,655 Food 6/ 12,102 12,300 12,500 12,500 Other 7/ 156 155 155 155 Miscellaneous 38 0 0 0 Total Use 12,391 12,625 12,705 12,740 Ending Stocks 1,876 1,876 1,542 1,463 Stocks to Use Ratio 15.1 14.9 12.1 11.5 Total 1/ Fiscal years beg inning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2017/18 and 2018/19 are based on Crop Production and processor projections where appropriate. 3/ For 2017/18, WTO raw sugar TRQ shortfall (183) and for 2018/19 (99). 4/ Composed of sugar under the re - export and polyhydric alcohol programs. 5/ Imports from Mexico, high- tier tariff sugar, and syrups not otherwise specified. 6/ After 2014/15, SMD deliveries for domestic hum an food use and for miscellaneous uses reported separately. 7/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE - reported deliveries: 2016/17 -- 389; estimated 2017/18 -- 332; projected 2018/19 -- 346. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2017/18 Est. May 1,002 5,970 190 4,727 1,192 1,243 2017/18 Est. Jun 1,002 5,970 190 4,727 1,192 1,243 2018/19 Proj. May 1,243 6,025 84 4,952 1,418 983 2018/19 Proj. Jun 1,243 6,025 115 4,952 1,418 1,014 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): Oct -Sep 2016/17 = 1,522, Estimated 2017/18 = 1,608; Oct - Apr 2016/17 = 830; Oct - Apr 2017/18 = 903; Projected 2018/19 = 1,608. Footnote sou rce for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2017/18 (390 est); 20 18/19 (390). Other Deliveries/Ending Year Statistical Adjustments: 2017/18 (0), 2018/19 (0). June 2018 WASDE - 578 - 17 U.S. Cotton Supply and Use 1/ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. May Jun Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 10.07 12.61 13.47 * 13.47 * Harvested 9.51 11.10 11.13 * 11.13 * Fil ler Pounds Yield per Harvested Acre 867 905 841 * 841 * Million 480 Pound Bales Beginning Stocks 3.80 2.75 4.70 4.20 Production 17.17 20.92 19.50 19.50 Imports 0.01 0.01 0.01 0.01 Supply, Total 20.98 23.68 24.21 23.71 Domestic Use 3.25 3.35 3.40 3.40 Exports, Total 14.92 16.00 15.50 15.50 Use, Total 18.17 19.35 18.90 18.90 Unaccounted 2/ 0.06 0.13 0.11 0.11 Ending Stocks 2.75 4.20 5.20 4.70 Avg. Farm Price 3/ 68.0 67.00 - 69.00 55.00 - 75.00 60.00 - 80.00 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. *Planted area as reported in March 29, 2018 Prospective Plantings. Harvested area based on 10 -year average abandonment by region. Yield based on 5 -year average yields by region. June 2018 WASDE - 578 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 244.24 751.99 179.14 146.79 738.91 183.28 257.33 United States 26.55 62.83 3.22 4.26 31.75 28.72 32.13 Total Foreign 217.69 689.16 175.92 142.53 707.15 154.56 225.20 Major Exporters 4/ 25.41 227.73 5.93 65.82 151.35 83.95 23.77 Argentina 0.82 18.40 0.00 0.05 5.15 13.83 0.25 Australia 3.85 31.82 0.14 4.00 7.45 22.64 5.72 Canada 5.18 32.14 0.50 5.77 10.75 20.16 6.91 European Union 5/ 15.56 145.37 5.29 56.00 128.00 27.32 10.89 Major Importers 6/ 142.30 199.07 96.41 36.17 277.35 5.48 154.95 Brazil 1.00 6.73 7.35 0.80 12.20 0.62 2.26 China 97.04 128.85 4.41 16.50 118.50 0.75 111.05 Sel. Mideast 7/ 16.68 19.14 18.11 4.44 37.75 0.53 15.65 N. Africa 8/ 16.63 14.08 28.36 2.35 44.55 0.57 13.95 Pakistan 3.82 25.63 0.00 0.80 24.50 0.60 4.35 Southeast Asia 9/ 5.19 0.00 26.91 9.89 25.47 1.02 5.61 Selected Other India 14.54 87.00 5.90 4.70 97.12 0.52 9.80 FSU-12 16.79 130.09 7.34 27.62 78.65 54.42 21.15 Russia 5.61 72.53 0.50 17.00 40.00 27.81 10.83 Kazakhstan 2.60 14.99 0.08 2.10 6.90 7.40 3.36 Ukraine 3.35 26.79 0.04 3.60 10.30 18.11 1.77 2017/18 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 257.33 758.22 181.26 145.45 743.18 182.80 272.37 United States 32.13 47.37 4.22 1.91 29.83 24.49 29.40 Total Foreign 225.20 710.85 177.04 143.55 713.35 158.31 242.97 Major Exporters 4/ 23.77 221.08 6.16 66.15 152.38 74.80 23.83 Argentina 0.25 18.00 0.01 0.05 5.20 12.80 0.25 Australia 5.72 21.50 0.15 3.80 7.28 15.00 5.10 Canada 6.91 30.00 0.50 3.80 9.00 23.00 5.41 European Union 5/ 10.89 151.58 5.50 58.50 130.90 24.00 13.07 Major Importers 6/ 154.95 202.68 94.31 32.12 277.82 6.44 167.68 Brazil 2.26 4.26 7.10 0.50 12.00 0.30 1.32 China 111.05 129.77 4.00 13.50 117.00 1.00 126.82 Sel. Mideast 7/ 15.65 18.33 18.25 5.08 38.91 0.79 12.54 N. Africa 8/ 13.95 19.25 26.85 2.25 45.08 0.81 14.16 Pakistan 4.35 26.67 0.01 1.00 25.00 1.20 4.83 Southeast Asia 9/ 5.61 0.00 26.90 8.74 25.59 1.07 5.85 Selected Other India 9.80 98.51 1.17 5.00 95.83 0.44 13.20 FSU-12 21.15 142.22 8.18 32.41 84.01 67.33 20.20 Russia 10.83 84.99 0.40 21.50 45.00 40.50 10.72 Kazakhstan 3.36 14.80 0.06 2.10 6.90 8.50 2.83 Ukraine 1.77 26.98 0.05 3.50 9.90 17.20 1.70 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differenc es in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. June 2018 WASDE - 578 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ May 270.46 747.76 184.86 145.59 753.89 188.43 264.33 Jun 272.37 744.69 183.68 142.67 750.90 187.32 266.16 United States May 29.13 49.57 3.67 3.27 31.22 25.17 25.98 Jun 29.40 49.74 3.67 3.27 31.22 25.86 25.74 Total Foreign May 241.34 698.19 181.18 142.32 722.67 163.26 238.35 Jun 242.97 694.95 180.00 139.40 719.68 161.47 240.42 Major Exporters 4/ May 22.88 226.40 6.16 65.40 151.60 83.70 20.14 Jun 23.83 225.40 6.16 64.60 150.90 83.70 20.79 Argentina May 0.25 19.50 0.01 0.10 5.30 14.20 0.26 Jun 0.25 19.50 0.01 0.10 5.30 14.20 0.26 Australia May 4.22 24.00 0.15 3.80 7.20 17.00 4.17 Jun 5.10 24.00 0.15 4.00 7.50 17.00 4.75 Canada May 5.34 32.50 0.50 4.50 9.60 23.50 5.24 Jun 5.41 32.50 0.50 4.50 9.60 23.50 5.31 European Union 5/ May 13.07 150.40 5.50 57.00 129.50 29.00 10.47 Jun 13.07 149.40 5.50 56.00 128.50 29.00 10.47 Major Importers 6/ May 167.64 203.49 95.74 34.32 284.01 6.68 176.18 Jun 167.68 203.02 95.82 34.22 284.01 6.48 176.03 Brazil May 1.32 4.90 7.50 0.60 12.20 0.30 1.22 Jun 1.32 4.90 7.50 0.60 12.20 0.30 1.22 China May 126.82 129.00 4.00 15.00 120.00 1.20 138.62 Jun 126.82 129.00 4.00 15.00 120.00 1.20 138.62 Sel. Mideast 7/ May 12.47 18.86 18.74 4.78 39.10 1.14 9.83 Jun 12.54 18.86 18.74 4.78 39.20 1.14 9.80 N. Africa 8/ May 14.16 21.10 26.28 2.25 45.78 0.69 15.07 Jun 14.16 21.10 26.28 2.25 45.78 0.69 15.08 Pakistan May 4.86 25.50 0.03 1.20 25.30 1.00 4.09 Jun 4.83 25.50 0.01 1.20 25.30 1.00 4.04 Southeast Asia 9/ May 5.85 0.00 27.90 9.44 27.24 1.09 5.42 Jun 5.85 0.00 27.90 9.44 27.24 1.09 5.42 Selected Other India May 11.75 95.00 2.00 5.00 98.00 0.40 10.35 Jun 13.20 97.00 0.50 5.00 98.00 0.40 12.30 FSU-12 May 21.20 127.4 4 8.72 29.63 80.91 62.63 13.82 Jun 20.20 123.74 8.71 27.61 78.39 61.03 13.23 Russia May 11.72 72.00 0.50 19.00 42.00 36.50 5.72 Jun 10.72 68.50 0.50 17.00 39.50 35.00 5.22 Kazakhstan May 2.83 14.00 0.06 1.90 6.70 8.00 2.19 Jun 2.83 14.00 0.06 1.90 6.70 8.00 2.19 Ukraine May 1.70 26.50 0.03 3.40 9.60 17.00 1.63 Jun 1.70 26.50 0.03 3.40 9.60 17.00 1.63 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9 / Indonesia, Malaysia, Philippines, Thailand, and Vietnam. June 2018 WASDE - 578 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 248.09 1,369.75 173.04 800.55 1,355.60 198.44 262.24 United States 48.11 402.61 3.43 144.75 327.48 64.50 62.17 Total Foreign 199.97 967.14 169.62 655.80 1,028.12 133.93 200.07 Major Exporters 4/ 18.09 212.15 2.64 90.19 121.56 77.86 33.46 Argentina 3.28 48.57 0.00 10.77 16.04 29.11 6.70 Australia 1.50 17.27 0.00 4.22 6.09 10.00 2.67 Brazil 7.01 101.58 1.55 53.45 64.03 31.61 14.49 Canada 4.97 26.62 0.94 14.22 22.08 4.85 5.60 Major Importers 5/ 45.05 241.06 120.97 275.39 357.99 11.03 38.06 European Union 6/ 15.58 152.82 15.83 119.87 160.84 8.07 15.31 Japan 1.76 0.17 17.00 13.25 17.25 0.00 1.68 Mexico 5.89 33.26 15.24 27.95 46.85 1.54 6.01 N. Afr & Mideast 7/ 10.51 24.90 34.13 54.79 62.59 0.16 6.80 Saudi Arabia 4.40 0.25 11.53 13.22 13.62 0.00 2.56 Southeast Asia 8/ 4.31 29.40 13.66 34.96 42.93 1.27 3.17 South Korea 1.95 0.20 9.32 7.25 9.62 0.00 1.85 Selected Other China 112.09 226.87 16.06 173.90 252.95 0.11 101.95 FSU-12 6.25 92.74 0.77 41.04 56.36 36.58 6.81 Russia 1.67 40.77 0.28 22.48 32.08 8.56 2.08 Ukraine 3.17 39.22 0.04 9.06 12.53 26.90 3.00 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 262.24 1,315.16 184.38 813.28 1,356.32 190.42 221.07 United States 62.17 384.26 3.17 144.13 329.22 64.44 55.94 Total Foreig n 200.07 930.90 181.21 669.15 1,027.10 125.99 165.14 Major Exporters 4/ 33.46 179.17 2.49 89.07 121.05 71.67 22.41 Argentina 6.70 40.33 0.01 8.89 14.32 28.11 4.61 Australia 2.67 10.90 0.00 3.02 4.89 7.33 1.36 Brazil 14.49 87.79 1.05 55.01 65.46 29.02 8.86 Canada 5.60 26.21 1.28 15.69 23.45 5.11 4.53 Major Importers 5/ 38.06 245.24 130.46 282.67 366.38 10.79 36.59 European Union 6/ 15.31 153.08 17.26 119.90 161.52 8.51 15.62 Japan 1.68 0.19 16.97 13.22 17.21 0.00 1.63 Mexico 6.01 32.51 16.58 29.44 48.45 1.30 5.35 N. Afr & Mideast 7/ 6.80 29.41 38.63 59.45 67.45 0.12 7.28 Saudi Arabia 2.56 0.36 12.60 13.14 13.70 0.00 1.82 Southeast Asia 8/ 3.17 29.43 14.42 35.84 43.66 0.87 2.49 South Korea 1.85 0.20 9.82 7.55 10.05 0.00 1.82 Selected Other China 101.95 223.39 17.50 179.52 262.38 0.08 80.38 FSU-12 6.81 88.80 0.64 38.73 53.82 36.35 6.08 Russia 2.08 41.71 0.11 22.27 31.82 10.27 1.82 Ukraine 3.00 34.07 0.03 6.89 10.20 24.21 2.69 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syri a, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. June 2018 WASDE - 578 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Product ion Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ May 222.68 1,341.10 190.79 828.26 1,378.33 196.85 185.45 Jun 221.07 1,336.84 190.31 826.56 1,376.34 195.72 181.57 United States May 57.92 369.80 3.55 140.61 328.74 57.68 44.85 Jun 55.94 369.80 3.55 139.98 328.11 58.95 42.23 Total Foreign May 164.75 971.30 187.24 687.65 1,049.59 139.17 140.59 Jun 165.14 967.04 186.76 686.59 1,048.23 136.77 139.34 Major Exporters 4/ May 22.54 203.20 2.00 93.78 126.78 77.06 23.90 Jun 22.41 203.50 2.00 93.88 126.88 77.36 23.67 Argentina May 4.47 48.55 0.01 10.90 16.55 30.01 6.47 Jun 4.61 48.85 0.01 10.90 16.55 30.31 6.61 Australia May 1.07 13.76 0.00 2.89 4.74 9.03 1.07 Jun 1.36 13.76 0.00 2.99 4.84 9.03 1.25 Brazil May 9.76 98.96 1.25 57.54 68.99 31.02 9.96 Jun 8.86 98.96 1.25 57.54 68.99 31.02 9.06 Canada May 4.61 27.38 0.61 15.78 23.24 4.80 4.56 Jun 4.53 27.38 0.61 15.78 23.24 4.80 4.48 Major Importers 5/ May 36.71 246.59 137.14 291.92 376.61 11.27 32.57 Jun 36.59 246.39 132.70 289.20 373.82 11.07 30.80 European Union 6/ May 15.62 154.44 16.56 120.80 163.07 8.81 14.74 Jun 15.62 154.24 16.56 121.80 164.07 8.61 13.74 Japan May 1.53 0.19 17.57 13.92 17.91 0.00 1.37 Jun 1.63 0.19 16.77 13.12 17.11 0.00 1.47 Mexico May 5.56 31.89 18.81 32.02 51.24 1.50 3.52 Jun 5.35 31.89 17.31 30.52 49.74 1.50 3.31 N. Afr & Mideast 7/ May 7.38 30.07 40.06 62.30 70.26 0.20 7.05 Jun 7.28 30.07 38.91 61.30 69.26 0.20 6.80 Saudi Arabia May 1.82 0.34 13.01 13.55 14.08 0.00 1.10 Jun 1.82 0.34 13.01 13.55 14.08 0.00 1.10 Southeast Asia 8/ May 2.49 29.39 17.20 37.65 45.65 0.77 2.67 Jun 2.49 29.39 16.21 37.23 45.16 0.77 2.17 South Korea May 1.82 0.20 9.84 7.55 10.05 0.00 1.80 Jun 1.82 0.20 9.84 7.55 10.05 0.00 1.80 Selected Other China May 80.28 232.81 16.10 181.75 267.83 0.07 61.29 Jun 80.38 232.81 19.70 185.15 271.23 0.07 61.59 FSU-12 May 5.54 97.07 0.67 40.03 55.01 43.10 5.16 Jun 6.08 92.57 0.73 37.97 52.86 40.60 5.91 Russia May 1.82 44.93 0.16 22.58 32.13 13.06 1.72 Jun 1.82 40.93 0.16 20.68 30.13 11.06 1.72 Ukraine May 1.99 38.75 0.04 7.28 10.49 28.21 2.07 Jun 2.69 38.25 0.04 7.28 10.49 27.71 2.77 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5 / The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. June 2018 WASDE - 578 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 209.98 1,078.43 135.81 633.40 1,060.52 159.77 227.89 United States 44.12 384.78 1.45 139.01 313.86 58.24 58.25 Total Foreign 165.86 693.65 134.36 494.39 746.66 101.52 169.64 Major Exporters 4/ 9.32 157.05 0.86 65.96 84.36 59.88 22.99 Argentina 1.46 41.00 0.00 7.50 11.20 25.99 5.28 Brazil 6.77 98.50 0.85 51.00 60.50 31.60 14.02 South Africa 1.10 17.55 0.00 7.46 12.66 2.29 3.70 Major Importers 5/ 22.40 124.80 80.62 147.96 201.01 4.98 21.83 Egypt 2.22 6.00 8.77 12.70 15.10 0.01 1.89 European Union 6/ 6.72 61.74 15.24 55.00 74.00 2.17 7.53 Japan 1.35 0.00 15.17 11.60 15.20 0.00 1.32 Mexico 5.21 27.58 14.57 22.50 40.40 1.54 5.42 Southeast Asia 7/ 4.30 29.35 13.48 34.90 42.70 1.26 3.16 South Korea 1.94 0.08 9.23 7.21 9.41 0.00 1.83 Selected Other 0.00 Canada 2.45 13.89 0.85 7.50 13.10 1.52 2.57 China 110.77 219.55 2.46 162.00 232.00 0.08 100.71 FSU-12 2.60 47.79 0.35 17.67 20.51 27.15 3.08 Ukraine 1.39 27.97 0.03 5.10 6.50 21.33 1.55 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 227.89 1,034.77 145.80 648.61 1,069. 97 151.51 192.69 United States 58.25 370.96 1.14 139.71 318.53 58.42 53.40 Total Foreign 169.64 663.81 144.65 508.90 751.44 93.09 139.29 Major Exporters 4/ 22.99 131.50 0.51 64.90 84.10 56.10 14.80 Argentina 5.28 33.00 0.01 6.00 9.80 25.00 3.48 Brazil 14.02 85.00 0.50 52.50 62.00 29.00 8.52 South Africa 3.70 13.50 0.01 6.40 12.30 2.10 2.80 Major Importers 5/ 21.83 124.82 85.30 153.00 206.85 4.17 20.93 Egypt 1.89 6.40 9.40 13.40 15.90 0.01 1.78 Europ ean Union 6/ 7.53 62.10 16.50 56.50 76.00 2.00 8.13 Japan 1.32 0.00 15.20 11.60 15.20 0.00 1.32 Mexico 5.42 26.80 16.20 24.30 42.30 1.30 4.82 Southeast Asia 7/ 3.16 29.38 14.20 35.60 43.40 0.86 2.48 South Korea 1.83 0.08 9.70 7.50 9.80 0.00 1.81 Selected Other 0.00 Canada 2.57 14.10 1.20 8.60 14.20 1.30 2.37 China 100.71 215.89 4.00 167.00 241.00 0.05 79.55 FSU-12 3.08 42.07 0.40 15.24 18.04 24.76 2.75 Ukraine 1.55 24.12 0.03 3.50 4.80 19.50 1.39 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing y ears, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra- trade. 7/ Indonesia, Malaysia, Phil ippines, Thailand, and Vietnam. June 2018 WASDE - 578 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Endin g Stocks World 3/ May 194.85 1,056.07 153.01 665.56 1,091.77 158.02 159.15 Jun 192.69 1,052.42 151.61 663.10 1,090.42 156.02 154.69 United States May 55.44 356.63 1.27 136.53 317.26 53.34 42.73 Jun 53.40 356.63 1.27 135.90 317.90 53.34 40.07 Total Foreign May 139.41 699.43 151.74 529.03 774.51 104.68 116.41 Jun 139.29 695.79 150.34 527.21 772.52 102.68 114.62 Major Exporters 4/ May 15.34 151.00 0.71 69.60 90.10 60.20 16.74 Jun 14.80 151.00 0.71 69.60 90.10 60.20 16.21 Argentina May 3.48 41.00 0.01 8.00 12.00 27.00 5.49 Jun 3.48 41.00 0.01 8.00 12.00 27.00 5.49 Brazil May 9.42 96.00 0.70 55.00 65.50 31.00 9.62 Jun 8.52 96.00 0.70 55.00 65.50 31.00 8.72 South Africa May 2.44 14.00 0.00 6.60 12.60 2.20 1.64 Jun 2.80 14.00 0.00 6.60 12.60 2.20 2.00 Major Importers 5/ May 20.73 122.89 88.10 155.70 210.35 3.77 17.60 Jun 20.93 122.89 87.10 156.20 210.85 3.77 16.30 Egypt May 1.78 6.40 9.70 13.60 16.10 0.01 1.77 Jun 1.78 6.40 9.70 13.60 16.10 0.01 1.77 European Union 6/ May 8.13 61.00 16.00 56.50 76.50 1.50 7.13 Jun 8.13 61.00 16.00 57.50 77.50 1.50 6.13 Japan May 1.22 0.00 15.00 11.50 15.10 0.00 1.12 Jun 1.32 0.00 15.00 11.50 15.10 0.00 1.22 Mexico May 4.82 26.00 16.70 25.00 43.20 1.50 2.82 Jun 4.82 26.00 16.70 25.00 43.20 1.50 2.82 Southeast Asia 7/ May 2.48 29.34 17.00 37.50 45.40 0.76 2.66 Jun 2.48 29.34 16.00 37.00 44.90 0.76 2.16 South Korea May 1.81 0.08 9.70 7.50 9.80 0.00 1.78 Jun 1.81 0.08 9.70 7.50 9.80 0.00 1.78 Selected Other Canada May 2.37 15.30 0.50 8.80 14.20 1.55 2.42 Jun 2.37 15.30 0.50 8.80 14.20 1.55 2.42 China May 79.55 225.00 5.00 172.00 249.00 0.05 60.50 Jun 79.55 225.00 5.00 172.00 249.00 0.05 60.50 FSU-12 May 2.25 53.50 0.41 18.97 21.86 31.85 2.44 Jun 2.75 49.50 0.41 17.07 19.86 29.85 2.95 Ukraine May 0.89 30.00 0.03 4.50 5.80 24.00 1.11 Jun 1.39 30.00 0.03 4.50 5.80 24.00 1.61 1/ Aggrega te of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. June 2018 WASDE - 578 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 132.76 486.66 41.33 482.68 47.28 136.74 United States 1.48 7.12 0.75 4.17 3.70 1.46 Total Foreign 131.29 479.55 40.59 478.51 43.57 135.28 Major Exporters 4/ 29.48 163.15 0.76 132.88 33.39 27.12 India 18.40 109.70 0.00 95.78 11.77 20.55 Pakistan 1.12 6.85 0.01 3.10 3.52 1.37 Thailand 8.40 19.20 0.25 12.00 11.62 4.24 Vietnam 1.56 27.40 0.50 22.00 6.49 0.97 Major Importers 5/ 10.01 65.90 11.90 77.61 1.18 9.03 Brazil 0.31 8.38 0.61 8.00 0.83 0.48 European Union 6/ 1.18 2.08 1.84 3.60 0.32 1.18 Indonesia 3.51 36.86 0.35 37.80 0.00 2.92 Nigeria 1.53 3.78 2.50 6.55 0.00 1.26 Philippines 2.11 11.69 1.10 12.90 0.00 2.00 Sel. Mideast 7/ 0.86 1.78 3.87 5.63 0.00 0.88 Selected Other 0.00 Burma 1.24 12.65 0.01 10.00 3.35 0.55 C. Amer & Carib 8/ 0.50 1.67 1.81 3.37 0.04 0.57 China 78.50 144.95 5.30 141.45 0.81 86.50 Egypt 0.92 4.80 0.10 4.30 0.10 1.43 Japan 2.55 7.78 0.71 8.50 0.05 2.49 Mexico 0.13 0.18 0.87 0.92 0.09 0.17 South Korea 1.83 4.20 0.41 4.71 0.00 1.73 2017/18 Est. Beginning Sto c ks Production Imports Total /2 Dom estic Exports Ending Sto c ks World 3/ 136.74 488.31 48.50 481.17 48.25 143.89 United State s 1.46 5.66 0.86 3.81 2.99 1.18 Total Foreign 135.28 482.65 47.64 477.36 45.27 142.70 Major Exporters 4/ 27.12 166.45 0.65 133.92 34.30 26.00 India 20.55 110.00 0.00 97.35 13.00 20.20 Pakistan 1.37 7.50 0.00 3.40 4.00 1.47 Thailand 4.24 20.37 0.25 11.17 10.50 3.19 Vietnam 0.97 28.58 0.40 22.00 6.80 1.15 Major Importers 5/ 9.03 66.50 14.10 78.55 1.08 9.99 Brazil 0.48 8.08 0.70 8.05 0.75 0.45 European Union 6/ 1.18 2.04 1.90 3.65 0.30 1.17 Indonesia 2.92 37.00 2.00 38.00 0.00 3.91 Nigeria 1.26 3.78 2.60 6.70 0.00 0.94 Philippines 2.00 12.30 1.40 13.20 0.00 2.50 Sel. Mideast 7/ 0.88 1.93 3.65 5.70 0.00 0.76 Selected Other 0.00 Burma 0.55 13.20 0.01 9.90 3.50 0.36 C. Amer & Carib 8/ 0.57 1.67 1.83 3.42 0.04 0.61 China 86.50 145.99 5.50 142.70 1.30 93.99 Egypt 1.43 4.30 0.05 4.40 0.05 1.33 Japan 2.49 7.59 0.69 8.45 0.05 2.26 Mexico 0.17 0.18 0.85 0.92 0.10 0.19 South Korea 1.73 3.97 0.41 4.87 0.01 1.23 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domesti c use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle Eas t, and the EU -28. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. June 2018 WASDE - 578 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ May 143.81 489.50 46.37 488.63 49.30 144.68 Jun 143.89 487.35 46.60 488.06 49.35 143.18 United States May 1.09 6.45 0.83 3.87 3.21 1.29 Jun 1.18 6.45 0.86 3.91 3.27 1.32 Total Foreign May 142.73 483.05 45.54 484.76 46.09 143.40 Jun 142.70 480.90 45.74 484.15 46.08 141.87 Major Exporters 4/ May 25.80 166.08 0.65 133.70 34.80 24.03 Jun 26.00 166.28 0.65 134.10 34.80 24.03 India May 20.00 109.00 0.00 98.00 13.00 18.00 Jun 20.20 109.00 0.00 98.20 13.00 18.00 Pakistan May 1.47 7.40 0.00 3.50 4.00 1.37 Jun 1.47 7.40 0.00 3.50 4.00 1.37 Thailand May 3.19 21.00 0.25 10.00 11.00 3.44 Jun 3.19 21.20 0.25 10.20 11.00 3.44 Vietnam May 1.15 28.68 0.40 22.20 6.80 1.22 Jun 1.15 28.68 0.40 22.20 6.80 1.22 Major Importers 5/ May 9.82 66.73 13.80 79.42 1.03 9.89 Jun 9.99 66.73 13.80 79.37 1.03 10.11 Brazil May 0.48 8.02 0.70 8.15 0.70 0.35 Jun 0.45 8.02 0.70 8.10 0.70 0.37 European Union 6/ May 1.17 2.00 2.00 3.70 0.30 1.17 Jun 1.17 2.00 2.00 3.70 0.30 1.17 Indonesia May 3.71 37.30 1.20 38.20 0.00 4.01 Jun 3.91 37.30 1.20 38.20 0.00 4.21 Nigeria May 0.94 3.78 3.00 6.90 0.00 0.82 Jun 0.94 3.78 3.00 6.90 0.00 0.82 Philippines May 2.50 12.35 1.10 13.40 0.00 2.55 Jun 2.50 12.35 1.10 13.40 0.00 2.55 Sel. Mideast 7/ May 0.76 1.82 3.85 5.73 0.00 0.70 Jun 0.76 1.82 3.85 5.73 0.00 0.70 Selected Other Burma May 0.36 13.40 0.01 9.90 3.50 0.37 Jun 0.36 13.40 0.01 9.90 3.50 0.37 C. Amer & Carib 8/ May 0.60 1.72 1.94 3.59 0.03 0.64 Jun 0.61 1.72 1.94 3.59 0.03 0.65 China May 93.99 144.50 5.50 145.00 1.70 97.29 Jun 93.99 142.20 5.50 144.00 1.70 95.99 Egypt May 1.33 3.30 0.20 4.20 0.02 0.61 Jun 1.33 3.30 0.40 4.40 0.02 0.61 Japan May 2.26 7.60 0.69 8.40 0.05 2.10 Jun 2.26 7.60 0.69 8.40 0.05 2.10 Mexico May 0.21 0.21 0.88 0.94 0.09 0.27 Jun 0.19 0.18 0.88 0.94 0.09 0.22 South Korea May 1.23 3.85 0.41 4.50 0.01 0.98 Jun 1.23 3.85 0.41 4.50 0.01 0.98 1/ Aggregate of local marketing years. 2/ Total foreign an d world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU -28. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Carib bean countries. June 2018 WASDE - 578 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2016/17 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 95.03 106.63 37.66 114.81 37.40 0.16 86.94 United States 3.80 17.17 0.01 3.25 14.92 0.06 2.75 Total Foreign 91.23 89.46 37.65 111.56 22.48 0.10 84.19 Major Exporters 4/ 22.71 50.69 3.63 31.96 19.27 0.01 25.79 Central Asia 5/ 2.37 5.99 3/ 2.87 3.09 0.00 2.40 Afr. Fr. Zone 6/ 1.38 5.09 3/ 0.14 4.33 0.01 2.00 S. Hemis 7/ 8.77 12.25 0.37 4.29 7.05 -0.02 10.06 Australia 1.88 4.05 3/ 0.04 3.73 -0.03 2.19 Brazil 5.71 7.02 0.19 3.20 2.79 0.00 6.93 India 9.94 27.00 2.74 24.00 4.55 0.00 11.13 Major Importers 8/ 66.81 35.86 31.88 75.67 2.04 0.09 56.75 Mexico 0.61 0.77 1.00 1.75 0.15 0.03 0.45 China 58.20 22.75 5.03 37.50 0.06 0.00 48.42 European Union 9/ 0.30 1.31 0.70 0.72 1.33 0.00 0.27 Turkey 1.53 3.20 3.68 6.50 0.33 0.00 1.58 Pakistan 2.62 7.70 2.40 10.30 0.13 0.03 2.27 Indonesia 0.53 0.01 3.39 3.30 0.01 0.00 0.62 Thailand 0.20 3/ 1.23 1.20 0.00 0.03 0.20 Bangladesh 1.52 0.13 6.80 6.80 0.00 0.01 1.63 Vietnam 0.78 3/ 5.50 5.40 0.00 0.00 0.88 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Use Exports Loss /2 Ending Sto c ks World 86.94 122.76 39.65 120.77 40.13 0.25 88.21 United States 2.75 20.92 0.01 3.35 16.00 0.13 4.20 Total Foreign 84.19 101.84 39.64 117.42 24.13 0.12 84.01 Major Exporters 4/ 25.79 55.92 2.51 32.81 20.70 0.02 30.70 Central Asia 5/ 2.40 6.47 3/ 3.37 2.77 0.00 2.73 Afr. Fr. Zone 6/ 2.00 5.22 3/ 0.14 4.44 0.00 2.65 S. Hemis 7/ 10.06 15.27 0.21 4.46 8.47 0.01 12.60 Australia 2.19 4.90 3/ 0.04 3.90 0.00 3.16 Brazil 6.93 8.90 0.05 3.40 4.20 0.00 8.28 India 11.13 28.50 1.80 24.20 4.75 0.00 12.48 Major Importers 8/ 56.75 42.94 34.69 80.60 2.30 0.10 51.38 Mexico 0.45 1.56 1.00 1.85 0.33 0.03 0.80 China 48.42 27.50 5.30 40.00 0.05 0.00 41.17 European Union 9/ 0.27 1.54 0.72 0.74 1.41 0.01 0.38 Turkey 1.58 4.00 4.10 7.30 0.35 0.00 2.03 Pakistan 2.27 8.20 2.90 10.40 0.16 0.03 2.78 Indonesia 0.62 3/ 3.40 3.40 0.01 0.00 0.62 Thailand 0.20 3/ 1.05 1.05 0.00 0.03 0.18 Bangladesh 1.63 0.14 7.40 7.30 0.00 0.01 1.86 Vietnam 0.88 3/ 6.90 6.60 0.00 0.00 1.19 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the Unit ed States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8 / In addition to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. June 2018 WASDE - 578 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2018/19 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World May 88.21 121.19 41.12 125.44 41.12 0.22 83.75 Jun 88.21 120.40 41.06 125.35 41.07 0.22 83.02 United States May 4.70 19.50 0.01 3.40 15.50 0.11 5.20 Jun 4.20 19.50 0.01 3.40 15.50 0.11 4.70 Total Foreign May 83.51 101.69 41.12 122.04 25.62 0.11 78.55 Jun 84.01 100.90 41.05 121.95 25.57 0.11 78.32 filler filler filler filler filler filler filler Major Exporters 4/ May 30.50 55.24 2.14 34.20 21.69 0.02 31.97 Jun 30.70 55.28 2.17 34.27 21.71 0.02 32.15 Central Asia 5/ May 2.77 6.52 3/ 3.66 2.57 0.00 3.06 Jun 2.73 6.50 3/ 3.72 2.58 0.00 2.94 Afr. Fr. Zone 6/ May 2.57 5.21 3/ 0.14 4.73 0.00 2.91 Jun 2.65 5.28 3/ 0.14 4.74 0.00 3.05 S. Hemis 7/ May 12.30 14.46 0.22 4.54 9.85 0.01 12.59 Jun 12.60 14.46 0.22 4.54 9.85 0.01 12.89 Australia May 3.06 4.00 3/ 0.04 4.50 0.00 2.52 Jun 3.16 3.80 3/ 0.04 4.40 0.00 2.52 Brazil May 8.08 8.80 0.08 3.45 4.80 0.00 8.70 Jun 8.28 9.00 0.08 3.45 4.90 0.00 9.00 India May 12.63 28.50 1.50 25.20 4.25 0.00 13.18 Jun 12.48 28.50 1.50 25.20 4.25 0.00 13.03 filler filler filler filler filler filler filler Major Importers 8/ May 51.08 43.40 36.52 83.78 2.69 0.09 44.45 Jun 51.38 42.60 36.42 83.65 2.64 0.09 44.02 Mexico May 0.80 1.60 0.90 1.85 0.55 0.03 0.88 Jun 0.80 1.60 0.93 1.85 0.55 0.03 0.90 China May 40.97 27.00 7.00 41.50 0.05 0.00 33.42 Jun 41.17 26.50 7.00 41.50 0.05 0.00 33.12 European Union 9/ May 0.38 1.56 0.71 0.74 1.48 0.00 0.42 Jun 0.38 1.56 0.71 0.74 1.48 0.00 0.42 Turkey May 1.98 4.30 3.60 7.40 0.35 0.00 2.13 Jun 2.03 4.30 3.60 7.40 0.35 0.00 2.18 Pakistan May 2.78 8.80 2.10 10.50 0.25 0.03 2.91 Jun 2.78 8.50 2.20 10.50 0.20 0.03 2.76 Indonesia May 0.62 3/ 3.50 3.50 0.01 0.00 0.62 Jun 0.62 3/ 3.50 3.50 0.01 0.00 0.62 Thailand May 0.18 3/ 1.08 1.05 0.00 0.03 0.18 Jun 0.18 3/ 1.08 1.05 0.00 0.03 0.18 Bangladesh May 1.88 0.14 7.90 7.80 0.00 0.01 2.11 Jun 1.86 0.14 7.90 7.80 0.00 0.01 2.08 Vietnam May 1.09 3/ 7.70 7.40 0.00 0.00 1.39 Jun 1.19 3/ 7.70 7.50 0.00 0.00 1.39 1/ Marketing year beginning August 1. Totals may n ot add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin , Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. June 2018 WASDE - 578 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 78.39 350.84 144.32 287.32 328.63 147.54 97.38 United States 5.35 116.92 0.61 51.74 55.51 59.16 8.21 Total Foreign 73.03 233.92 143.72 235.57 273.12 88.39 89.17 Major Exporters 3/ 50.24 185.94 1.94 87.54 95.54 79.51 63.08 Argentina 31.60 57.80 1.67 43.30 47.83 7.03 36.22 Brazil 18.56 114.60 0.25 40.41 43.81 63.14 26.46 Paraguay 0.03 10.20 0.01 3.75 3.81 6.13 0.30 Major Importers 4/ 19.76 16.79 122.61 113.10 135.87 0.39 22.91 China 16.91 12.90 93.50 88.00 102.80 0.11 20.39 European Union 1.56 2.41 13.42 14.40 16.04 0.22 1.13 Japan 0.26 0.24 3.18 2.39 3.46 0.00 0.22 Mexico 0.15 0.52 4.13 4.60 4.64 0.00 0.16 2017/18 Est. Beginni ng Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ 97.38 336.70 152.96 299.65 342.44 152.11 92.49 United States 8.21 119.52 0.68 54.84 58.46 56.20 13.75 Total Foreign 89.17 217.18 152.28 244.81 283.98 95.91 78.74 Major Exporters 3/ 63.08 167.70 3.59 87.08 95.33 86.05 52.98 Argentina 36.22 37.00 3.35 40.30 44.92 3.50 28.15 Brazil 26.46 119.00 0.23 43.00 46.54 74.65 24.50 Paraguay 0.30 10.00 0.01 3.70 3.78 6.25 0.28 Major Importers 4 / 22.91 18.24 127.45 121.21 145.25 0.48 22.86 China 20.39 14.20 97.00 95.00 110.80 0.15 20.64 European Union 1.13 2.67 14.10 14.90 16.55 0.28 1.07 Japan 0.22 0.25 3.25 2.35 3.50 0.00 0.21 Mexico 0.16 0.43 4.40 4.87 4.91 0.00 0.09 2018/19 Proj. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ May 92.16 354.54 159.54 313.34 357.72 161.82 86.70 Jun 92.49 355.24 159.37 313.47 357.70 162.37 87.02 United States May 14.43 116.48 0.68 54.30 57.98 62.32 11.29 Jun 13.75 116.48 0.68 54.43 58.11 62.32 10.48 Total Foreign May 77.73 238.06 158.86 259.04 299.75 99.50 75.41 Jun 78.74 238.76 158.69 259.04 299.59 100.05 76.55 Major Exporters 3/ May 51.98 185.80 2.26 91.23 99.83 89.12 51.09 Jun 52.98 186.80 2.09 91.23 99.84 89.77 52.26 Argentina May 28.78 56.00 1.85 44.00 48.94 8.00 29.69 Jun 28.15 56.00 1.85 44.00 48.94 8.00 29.06 Brazil May 22.87 117.00 0.40 43.20 46.77 72.30 21.20 Jun 24.50 118.00 0.23 43.20 46.78 72.95 23.00 Paraguay May 0.28 9.80 0.01 3.95 4.03 5.90 0.15 Jun 0.28 9.80 0.01 3.95 4.03 5.90 0.15 Major Importers 4/ May 22.86 18.27 134.29 128.51 153.39 0.50 21.52 Jun 22.86 18.27 134.29 128.51 153.39 0.50 21.52 China May 20.64 14.10 103.00 102.00 118.40 0.15 19.19 Jun 20.64 14.10 103.00 102.00 118.40 0.15 19.19 European Union May 1.07 2.75 14.20 14.90 16.55 0.30 1.17 Jun 1.07 2.75 14.20 14.90 16.55 0.30 1.17 Japan May 0.21 0.26 3.25 2.30 3.47 0.00 0.26 Jun 0.21 0.26 3.25 2.30 3.47 0.00 0.26 Mexico May 0.09 0.49 4.65 5.05 5.09 0.00 0.14 Jun 0.09 0.49 4.65 5.05 5.09 0.00 0.14 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports . Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paragua y, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). June 2018 WASDE - 578 - 29 World Soybean Meal Supply and Use 1/ (Million Met ric Tons) 2016/17 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.21 225.87 60.53 222.02 64.50 13.09 United States 0.24 40.63 0.32 30.30 10.52 0.36 Total Foreign 12.97 185.24 60.21 191.72 53.97 12.73 Majo r Exporters 3/ 7.07 72.14 0.05 24.65 47.10 7.51 Argentina 4.23 33.28 0.00 2.85 31.32 3.34 Brazil 2.71 31.66 0.04 16.94 13.76 3.70 India 0.13 7.20 0.01 4.86 2.01 0.47 Major Importers 4/ 2.11 16.08 36.60 52.48 0.53 1.77 European Union 0.83 11.38 18.92 30.34 0.33 0.46 Southeast Asia 5/ 1.18 2.90 16.06 18.72 0.20 1.22 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 13.09 235.65 60.93 233.09 64.70 11.89 United States 0.36 43.27 0.45 31.93 11.88 0.27 Total Foreign 12.73 192.38 60.47 201.16 52.81 11.61 Major Exporters 3/ 7.51 70.91 0.04 25.87 45.60 6.99 Argentina 3.34 30.95 0.00 3.00 28.50 2.79 Brazil 3.70 33.40 0.03 17.48 15.60 4.05 India 0.47 6.56 0.01 5.39 1.50 0.15 Major Importers 4/ 1.77 16.72 36.48 52.90 0.53 1.55 European Union 0.46 11.77 18.50 30.04 0.32 0.37 Southeast Asia 5/ 1.22 3.18 16.33 19.39 0.21 1.12 2018/19 Proj. Begin ning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ May 11.57 246.36 62.53 243.22 65.82 11.42 Jun 11.89 246.54 62.53 243.42 65.82 11.72 United States May 0.27 42.86 0.32 31.93 11.25 0.27 Jun 0.27 43.05 0.32 32.11 11.25 0.27 Total Foreign May 11.30 203.50 62.22 211.29 54.57 11.15 Jun 11.61 203.50 62.22 211.31 54.57 11.45 Major Exporters 3/ May 6.69 74.49 0.04 27.25 47.40 6.58 Jun 6.99 74.49 0.04 27.25 47.40 6.87 Argentina May 2.49 33.66 0.00 3.20 30.50 2.45 Jun 2.79 33.66 0.00 3.20 30.50 2.75 Brazil May 4.05 33.55 0.03 18.15 15.50 3.98 Jun 4.05 33.55 0.03 18.15 15.50 3.98 India May 0.15 7.28 0.01 5.90 1.40 0.14 Jun 0.15 7.28 0.01 5.90 1.40 0.14 Major Importers 4/ May 1.55 16.81 36.98 53.35 0.50 1.49 Jun 1.55 16.81 36.98 53.35 0.50 1.49 European Union May 0.37 11.77 18.50 29.94 0.30 0.39 Jun 0.37 11.77 18.50 29.94 0.30 0.39 Southeast Asia 5/ May 1.12 3.30 16.83 20.02 0.20 1.03 Jun 1.12 3.30 16.83 20.02 0.20 1.03 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between re ported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. June 2018 WASDE - 578 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 3.58 53.79 10.85 53.49 11.26 3.48 United States 0.77 10.04 0.15 9.01 1.16 0.78 Total Foreign 2.81 43.75 10.71 44.48 10.10 2.70 Major Exporters 3/ 0.62 18.98 0.35 11.80 7.46 0.69 Argentina 0.26 8.40 0.00 2.99 5.39 0.28 Brazil 0.20 7.85 0.06 6.61 1.24 0.26 European Union 0.16 2.74 0.29 2.21 0.83 0.15 Major Importers 4/ 1.16 17.89 5.81 23.58 0.21 1.08 China 0.52 15.77 0.71 16.35 0.12 0.54 India 0.48 1.62 3.53 5.20 0.00 0.43 North Africa 5/ 0.16 0.50 1.56 2.03 0.09 0.11 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 3.48 55.81 10.23 55.43 10.71 3.37 United States 0.78 10.50 0.14 9.34 1.09 0.99 Total Foreign 2.70 45.31 10.09 46.09 9.62 2.38 Major Exporters 3/ 0.69 18.88 0.31 12.32 6.91 0.65 Argentina 0.28 7.80 0.00 3.21 4.68 0.20 Brazil 0.26 8.25 0.06 6.89 1.48 0.20 European Union 0.15 2.83 0.25 2.23 0.75 0.25 Major Importers 4/ 1.08 19.10 5.46 24.47 0.25 0.92 China 0.54 17.02 0.45 17.30 0.17 0.54 India 0.43 1.48 3.35 5.00 0.00 0.25 North Africa 5/ 0.11 0.60 1.66 2.17 0.08 0.13 2018/19 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ May 3.18 58.35 10.58 57.92 10.96 3.23 Jun 3.37 58.38 10.68 57.57 11.19 3.67 United States May 0.86 10.45 0.14 9.66 0.95 0.83 Jun 0.99 10.48 0.14 9.66 0.95 0.99 Total Foreign May 2.32 47.90 10.45 48.26 10.01 2.40 Jun 2.38 47.90 10.55 47.91 10.23 2.69 Major Exporters 3/ May 0.67 19.63 0.31 12.64 7.23 0.75 Jun 0.65 19.63 0.31 12.39 7.45 0.75 Argentina May 0.23 8.51 0.00 3.42 5.10 0.22 Jun 0.20 8.51 0.00 3.17 5.33 0.22 Brazil May 0.20 8.29 0.06 6.98 1.33 0.24 Jun 0.20 8.29 0.06 6.98 1.33 0.24 European Union May 0.25 2.83 0.25 2.25 0.80 0.29 Jun 0.25 2.83 0.25 2.25 0.80 0.29 Major Importers 4/ May 0.82 20.60 5.61 25.97 0.24 0.82 Jun 0.92 20.60 5.71 25.87 0.24 1.12 China May 0.54 18.28 0.35 18.45 0.15 0.57 Jun 0.54 18.28 0.35 18.45 0.15 0.57 India May 0.15 1.64 3.55 5.20 0.01 0.13 Jun 0.25 1.64 3.65 5.10 0.01 0.43 North Africa 5/ May 0.13 0.69 1.71 2.32 0.09 0.12 Jun 0.13 0.69 1.71 2.32 0.09 0.12 1/ Data based on local marketing years except for Argentina and Brazil wh ich are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. June 2018 WASDE - 578 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2017 II 6,407 6,137 12,598 10,407 1,482 12,023 24,621 2,187 55.3 III 6,736 6,240 13,029 10,551 1,479 12,167 25,197 2,204 53.5 IV 6,742 6,796 13,595 10,472 1,533 12,139 25,734 2,235 53.1 Annual 26,187 25,584 51,991 41,662 5,981 48,178 100,169 8,808 215.5 2018 I 6,465 6,645 13,167 10,385 1,452 11,962 25,129 2,186 54.4 II* 6,730 6,380 13,162 10,615 1,470 12,220 25,382 2,218 55.8 III* 6,895 6,505 13,453 10,750 1,480 12,370 25,823 2,242 54.0 IV* 7,035 7,185 14,276 10,700 1,535 12,370 26,646 2,285 53.9 Annual May Proj. 27,215 26,770 54,203 42,330 5,917 48,786 102,989 8,926 218.7 Jun Proj. 27,125 26,715 54,058 42,450 5,937 48,922 102,980 8,931 218.0 2019 I* 6,560 6,800 13,414 10,625 1,475 12,227 25,641 2,235 55.1 Annual May Proj. 27,715 27,610 55,542 43,300 5,970 49,816 105,358 9,110 221.5 Jun Proj. 27,715 27,610 55,542 43,300 5,970 49,816 105,358 9,110 221.1 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Produc ts Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2017 II 132.76 51.70 104.7 99.1 74.7 16.83 III 112.46 55.59 94.9 96.9 102.1 17.73 IV 117.88 44.89 86.1 88.0 147.0 17.83 Annual 121.52 50.48 93.5 96.1 100.9 17.65 2018 I 125.60 49.12 95.7 79.4 179.6 15.67 II* 116-119 46-47 112-115 79-80 118-121 16.10 -16.30 III* 106-112 44-46 99-105 78-82 117-123 17.00 -17.50 IV* 108-116 36-38 93-101 86-94 125-135 17.70 -18.50 Annual May Proj. 114-119 43-45 100-104 80-84 136-142 16.20 -16.70 Jun Proj. 114-118 44-45 100-104 81-84 135-140 16.60 -17.00 2019 I* 116-126 41-45 96-104 77-83 115-125 16.85 -17.85 Annual May Proj. 113-122 43-46 97-105 84-91 120-130 16.25 -17.25 Jun Proj. 113-122 42-45 97-105 84-91 120-130 16.70 -17.70 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. June 2018 WASDE - 578 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2017 757 26,250 2,994 30,001 2,862 649 26,490 56.9 2018 Proj. May 649 27,278 3,032 30,958 3,035 680 27,243 58.1 Jun 649 27,188 3,052 30,888 3,050 680 27,158 57.9 2019 Proj. May 680 27,778 3,140 31,598 3,150 690 27,758 58.8 Jun 680 27,778 3,140 31,598 3,150 690 27,758 58.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2017 507 25,598 1,116 27,221 5,632 554 21,035 50.1 2018 Proj. May 554 26,784 1,099 28,437 5,916 575 21,946 51.9 Jun 554 26,729 1,144 28,427 5,991 575 21,861 51.7 2019 Proj. May 575 27,624 1,120 29,319 6,125 585 22,609 53.1 Jun 575 27,624 1,165 29,364 6,165 585 22,614 53.1 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2017 1,304 52,078 4,362 57,744 8,500 1,246 47,998 108.2 2018 Proj. May 1,246 54,291 4,383 59,920 8,958 1,303 49,659 111.2 Jun 1,246 54,146 4,448 59,840 9,048 1,303 49,489 110.9 2019 Proj. May 1,303 55,630 4,516 61,449 9,283 1,323 50,843 113.2 Jun 1,303 55,630 4,561 61,494 9,323 1,323 50,848 113.2 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2017 778 41,217 126 42,120 6,780 856 34,484 90.9 2018 Proj. May 856 41,877 133 42,866 6,938 830 35,098 91.9 Jun 856 41,996 133 42,985 6,938 830 35,217 92.2 2019 Proj. May 830 42,837 136 43,803 7,100 860 35,843 93.2 Jun 830 42,837 136 43,803 7,100 860 35,843 93.2 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2017 279 5,981 24 6,284 621 310 5,353 16.4 2018 Proj. May 310 5,917 26 6,253 653 325 5,275 16.1 Jun 310 5,937 26 6,273 663 325 5,285 16.1 2019 Proj. May 325 5,970 28 6,323 655 310 5,358 16.2 Jun 325 5,970 28 6,323 655 310 5,358 16.2 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2017 1,065 47,732 154 48,950 7,531 1,170 40,248 108.6 2018 Proj. May 1,170 48,333 163 49,666 7,714 1,163 40,789 109.2 Jun 1,170 48,467 163 49,800 7,724 1,163 40,913 109.5 2019 Proj. May 1,163 49,352 168 50,683 7,895 1,178 41,610 110.7 Jun 1,163 49,352 168 50,683 7,890 1,178 41,615 110.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2017 2,369 99,810 4,515 106,695 16,032 2,416 88,247 216.8 2018 Proj. May 2,416 102,624 4,546 109,586 16,672 2,466 90,448 220.4 Jun 2,416 102,612 4,611 109,640 16,772 2,466 90,402 220.4 2019 Proj. May 2,466 104,982 4,684 112,132 17,178 2,501 92,453 223.9 Jun 2,466 104,982 4,729 112,177 17,213 2,501 92,463 223.9 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weig ht for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready -to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. June 2018 WASDE - 578 - 33 U.S. Egg Supply and Use Commodity 2016 2017 2018 Proj. 2018 Proj. 2019 Proj. 2019 Proj. May Jun May Jun Eggs Million Dozen Supply Beginning Stocks 73.6 142.2 87.5 87.5 101.0 90.0 Production 8,578.7 8,807.8 8,925.6 8,930.6 9,110.0 9,110.0 Imports 129.5 34.1 33.0 28.0 40.0 35.0 Total Supply 8,781.8 8,984.1 9,046.1 9,046.1 9,251.0 9,235.0 Use Exports 302.8 354.0 335.9 335.9 340.0 340.0 Hatching Use 1,009.6 1,034.9 1,052.0 1,052.0 1,075.0 1,075.0 Ending Stocks 142.2 87.5 101.0 90.0 96.0 90.0 Disappearance Total 7,327.1 7,507.7 7,557.2 7,568.2 7,740.0 7,730.0 Per Capita (number) 271.7 276.4 276.3 276.7 281.2 280.8 Total U.S. Milk Supply and Use Commodity 2016 2017 2018 Proj. 2018 Proj. 2019 Proj. 2019 Proj. May Jun May Jun Milk Billion Pounds Production 212.4 215.5 218.7 218.0 221.5 221.1 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 12.3 12.7 13.5 13.4 12.6 12.6 Marketings 211.4 214.5 217.7 217.1 220.5 220.1 Imports 7.0 6.0 5.5 5.8 5.5 5.6 Total Cml. Supply 230.8 233.2 236.6 236.3 238.6 238.3 Fat Basis Use Commercial Exports 8.4 9.2 9.9 10.2 10.2 9.8 Ending Commercial Stocks 12.7 13.4 12.6 12.6 11.8 11.8 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 209.6 210.5 214.2 213.5 216.6 216.7 Skim -solid Basis Supply Beg. Commercial Stocks 9.2 9.5 11.8 11.8 11.0 10.4 Marketings 211.4 214.5 217.7 217.1 220.5 220.1 Imports 6.5 6.1 5.8 5.6 5.8 5.6 Total Cml. Supply 227.1 230.1 235.3 234.5 237.3 236.1 Skim -solid Basis Use Commercial Exports 39.0 40.8 45.1 46.2 45.3 45.6 Ending Commercial Stocks 9.5 11.8 11.0 10.4 10.8 10.7 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 178.5 177.5 179.1 177.9 181.1 179.8 Total Note: Totals may not add due to rounding. June 2018 WASDE - 578 - 34 U.S. Dairy P rices Commodity 2016 2017 2018 Proj. 2018 Proj. 2019 Proj. 2019 Proj. May Jun May Jun Product Prices 1/ Dollars Per Pound Cheese 1.6050 1.6344 1.600 - 1.650 1.605 - 1.645 1.585 - 1.685 1.625 - 1.725 Butter 2.0777 2.3303 2.245 - 2.325 2.295- 2.365 2.215 - 2.345 2.210 - 2.340 Nonfat Dry Milk 0.8292 0.8666 0.740 - 0.780 0.775 - 0.815 0.745 - 0.815 0.755 - 0.825 Dry Whey 0.2875 0.4437 0.255 - 0.285 0.295 - 0.315 0.285 - 0.315 0.300 - 0.330 Fil ler Dollars Per Cwt Milk Prices 2/ Class II I 14.87 16.17 14.80 - 15.30 15.05 - 15.45 14.80 - 15.80 15.30 - 16.30 Class IV 13.77 15.16 13.75 - 14.35 14.30 - 14.80 13.65 - 14.75 13.70 - 14.80 All Milk 3/ 16.30 17.65 16.20 - 16.70 16.60 - 17.00 16.25 - 17.25 16.70 - 17.70 1/ Simple average of mont hly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the r espective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . June 2018 WASDE - 578 - 35 Reliability of June Projections 1/ Note: Tables on pages 35 -37 present a record of the June projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the curren t forecast will not be above or below the final estimate by more than 3.1 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 5.3 percent. The average difference between the June p rojection and the final estimate is 16.4 million tons, ranging from 0.4 million to 32.2 million tons. The June projection has been below the estimate 24 times an d above 13 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 3.1 5.3 16.4 0.4 32.2 24 13 U.S. 5.9 10.0 2.8 0.0 8.4 21 16 Foreign 3.3 5.6 15.3 1.1 31.9 23 13 Exports World 6.2 10.5 6.3 0.0 19.2 26 10 U.S. 12.3 20.9 3.0 0.1 10.2 21 16 Foreign 6.7 11.4 5.5 0.6 19.8 28 8 Domestic Use World 2.2 3.8 10.2 0.5 27.5 23 14 U.S. 7.2 12.2 1.8 0.0 6.4 18 19 Foreign 2.2 3.8 10.0 0.6 28.6 24 12 Ending Stocks World 10.5 17.9 12.9 1.7 40.5 24 13 U.S. 18.9 32.1 3.4 0.1 14.9 22 15 Foreign 10.8 18.3 10.8 0.8 36.1 23 13 COARSE GRAINS 2/ Production World 3.7 6.3 26.3 0.6 103.3 20 17 U.S. 14.0 23.7 20.4 1.0 103.8 19 18 Foreign 2.8 4.7 14.4 0.4 41.6 18 18 Exports World 7.9 13.3 7.9 0.3 24.0 26 11 U.S. 29.6 50.2 8.4 0.1 30.8 16 21 Foreign 14.1 23.9 7.1 0.5 19.2 23 13 Domestic Use World 2.0 3.4 14.7 0.7 66.7 17 20 U.S. 5.7 9.8 7.7 0.1 37.0 24 13 Foreign 2.0 3.4 11.2 0.1 34.7 18 18 Ending Stocks World 20.0 33.9 22.0 1.7 69.9 25 12 U.S. 51.5 87.3 16.1 0.5 57.6 20 17 Foreign 15.9 26.9 12.4 0.1 41.6 27 9 RICE, milled Production World 2.4 4.1 7.1 0.3 21.8 24 13 U.S. 7.2 12.3 0.3 0.0 1.1 20 17 Foreign 2.5 4.2 7.1 0.4 21.9 23 13 Exports World 9.7 16.5 1.7 0.1 7.5 27 10 U.S. 11.6 19.6 0.3 0.0 1.0 19 15 Foreign 10.7 18.1 1.7 0.1 7.1 27 9 Domestic Use World 1.9 3.3 4.9 0.0 20.3 24 13 U.S. 8.6 14.6 0.2 0.0 0.5 15 22 Foreign 2.0 3.3 4.9 0.0 20.8 25 11 Ending Stocks World 14.8 25.0 6.8 0.2 23.3 26 11 U.S. 32.1 54.5 0.3 0.0 0.9 20 15 Foreign 16.0 27.2 7.0 0.4 23.3 26 10 1/ Footnotes at end of table. CONTINUED June 2018 WASDE - 578 - 36 Reliability of June Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World NA NA 11.6 1.5 27.9 5 9 U.S. 9.0 15.2 4.6 0.0 13.8 19 18 Foreign NA NA 9.6 1.2 23.9 6 7 Exports World NA NA 5.1 0.5 10.4 8 6 U.S. 15.1 25.6 3.0 0.3 6.4 21 16 Foreign NA NA 4.0 0.4 11.4 8 5 Domestic Use World NA NA 6.5 0.3 17.0 6 8 U.S. 6.3 10.7 2.0 0.1 7.2 23 14 Foreign NA NA 5.5 0.4 11.4 6 7 Ending Stocks World NA NA 7.0 0.1 23.8 7 7 U.S. 56.8 96.4 2.8 0.4 8.4 12 25 Foreign NA NA 6.8 0.7 19.1 7 6 COTTON Million 480 -Pound Bales Production World 6.2 10.5 4.2 0.0 16.4 22 14 U.S. 10.4 17.7 1.5 0.1 5.7 19 18 Foreign 6.3 10.7 3.4 0.2 12.4 22 14 Exports World 10.5 17.9 2.3 0.1 12.4 21 16 U.S. 30.1 51.1 1.5 0.1 4.0 23 14 Foreign 13.4 22.8 1.7 0.1 9.9 19 17 Domestic Use World 4.6 7.8 3.1 0.1 17.1 15 22 U.S. 9.5 16.2 0.5 0.0 1.4 17 19 Foreign 4.7 8.0 3.1 0.0 16.3 18 18 Ending Stocks World 17.4 29.5 6.3 0.5 18.6 25 12 U.S. 41.8 71.0 1.5 0.1 4.6 18 19 Foreign 16.6 28.2 5.3 0.3 17.7 26 10 1/ Marketing years 1981/82 through 2017/18 for grains, soybeans (U.S. only), and cotton. Marketing years 2009/10 through 2017/18 for global and foreign soybeans. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2016/17, and for 2017/18 the last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. June 2018 WASDE - 578 - 37 Reliability of United States June Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 16.5 28.1 801 8 4,010 19 18 Exports 31.1 52.7 305 38 1,150 17 20 Domestic Use 13.7 23.2 458 0 5,888 23 13 Ending Stocks 61.7 104.7 581 32 2,091 20 17 SORGHUM Production 20.4 34.7 88 0 228 17 19 Exports 33.5 56.9 45 0 190 17 19 Domestic Use 24.8 42.2 53 0 140 16 20 Ending Stocks 68.3 115.9 47 0 191 13 23 BARLEY Production 14.4 24.5 28 1 206 14 23 Exports 77.9 132.1 14 0 92 19 15 Domestic Use 11.6 19.7 30 0 95 17 19 Ending Stocks 21.8 37.1 22 1 79 16 21 OATS Production 24.4 41.4 31 1 231 8 29 Exports 113.7 192.9 1 0 8 10 12 Domestic Use 10.8 18.4 21 0 160 13 22 Ending Stocks 31.2 53.0 17 0 77 11 24 SOYBEAN MEAL Thousand Short Tons Production 5.8 9.8 1,321 57 4,919 23 14 Exports 17.9 30.4 992 50 2,650 24 13 Domestic Use 4.8 8.1 926 24 4,650 19 18 Ending Stocks 45.4 77.0 52 0 488 12 14 SOYBEAN OIL Million Pounds Production 5.4 9.2 649 18 2,330 27 10 Exports 33.7 57.2 452 0 1,700 20 16 Domestic Use 4.1 6.9 424 0 2,100 22 14 Ending Stocks 38.2 64.8 460 0 1,432 19 17 ANIMAL PROD. Million Pounds Beef 4.0 6.8 747 41 2,727 18 6 Pork 3.3 5.7 520 61 1,722 16 8 Broilers 2.4 4.1 668 55 1,465 10 14 Turkeys 4.0 6.9 167 2 478 12 12 Millio n Dozen Eggs 1.5 2.5 89 2 259 17 7 Billion Pounds Milk 1.6 2.7 2.0 0.0 7.0 11 9 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2017/18 for grains, soybeans, and cot ton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2016/17, and for 2017/18 the last month’s estimate. Calendar years 1982 through 2017 for meats, eggs, and milk. Final f or animal products is defined as the latest annual production estimate published by NASS for 1982 -2017. WASDE -578-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other gov ernment agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda. gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysi s used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kil ogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 WASDE Notification System Subscribers are notified through GovDelivery when the monthly World Agricultural Supply and Demand Estimates (WASDE) report is available. Previous WASDE reports are available at http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1194 For questions contact: Susan Carter at 202- 720-5447 or [email protected] World Agr icultural Supply and Demand Estimates WASDE -578 – June 12, 2018 WASDE Briefing Slides : The briefing slides which accompany today’s WASDE report will be available at http://www.usda.gov/oce/commo dity/wasde/ Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e -mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell .edu. Select the “Reports by E -Mail” bar to sign up. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political belie fs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voi ce or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 584 Approved by the World Agricultura l Outlook Board December 11, 2018 WHEAT: The outlook for 2018/19 U.S. wheat this month is for unchanged supplies, lower exports, and higher ending stocks. Wheat exports are lowered 25 million bushels to 1.0 billion with all of the reduction in Hard Red Winter (HRW) on historically low exports for this class in the first half of the 2018/19 marketing year (MY). The reduction in HRW is partially offset by higher exports of Hard Red Spring and Soft Red Winter. Projected 2018/19 ending stocks are raised 25 million bushels to 974 million, which are still down 11 percent from last year. Based on NASS monthly prices reported to date and price expectations for the remainder of the MY , the projected season- average f arm price is up $0.05 per bushel at the midpoint with the range narrowed to $5.05 to $5.25. World 2018/19 wheat supplies are increased 0.8 million tons as additional Russian carry - in stocks and a larger Canadian crop more than offset a reduction in Austr alian production. Based on the updated ABARES estimate, Australia’ s production is lowered by 500,000 tons to 17.0 million. This would be the lowest Australian wheat output since 2007/08. Canada’ s wheat production is raised 300,000 tons to 31.8 million, based on the latest estimate by Statistics Canada. Projected global 2018/19 trade is lower, as reduced Australian, EU, and U.S. exports are partly offset by higher Russian exports, which are increased 1.5 million tons to 36.5 million. Russia and other Black Sea suppliers continue to displace EU and U.S. exports in several markets in the first half of 2018/19 but are expected to be less competitive in the second half based on reduced exportable supplies. Australia’ s wheat exports are lowered 1.0 million tons to 10.5 million as its export prices are expected to remain uncompetitive and more supplies are consumed domestically for feed. Global ending stocks are raised 1.4 million tons to 268.1 million, primarily on increases for the EU and the United States but are 4 percent lower than last year ’s record 279.9 million. COARSE GRAINS: This month’s 2018/19 U.S. corn outlook is for lower corn used for ethanol, reduced imports, and larger ending stocks. Imports are lowered based on observed trade to date. Corn used to produce ethanol is reduced 50 million bushels to 5.6 billion, based on the most recent data from the Grain Crushings and Co- Products Production report and weekly ethanol production data as reported by the Energy Information Administration for the month of November. These data imply corn used for ethanol during the September to November quarter declined relative to the prior year for the first time since 2012. With no other use changes, ending stocks are up 45 million bushels from last month. The season- average corn price received by producers is unchanged at a midpoint of $3.60 per bushel but the range is narrowed 5 cents on each end to $3.25 to $3.95 per bushel. WASDE- 584-2 Global coarse grain production for 2018/19 is forecast 0.3 million tons higher to 1,373.6 million. The 2018/19 foreign coarse grain outlook is for larger production, and virtually unchanged consumption and ending stocks relative to last month. Foreign corn production is forecast higher with increases for Ukraine, the EU, and Thail and more than offsetting reductions for South Africa and Canada. EU corn production is higher reflecting a larger forecast for Romania. Ukraine corn production is raised based on harvest results to date, and if realized, this month’s yield forecast would surpass the previous record set during 2016/17 by nearly 20 percent. South Africa corn production is lowered as dry planting conditions are expected to reduce area. Canada corn output is down on declines in both area and yield. Corn exports are raised for Ukraine, but lowered for Mexico. Imports are raised for Vietnam, Canada, Japan, Iran, and Colombia, with partially offsetting reductions for Libya and Venezuela. Foreign corn ending stocks are higher than last month, mostly reflecting increases for t he EU, Mexico, Vietnam, Ukraine, and Japan, that more than offset declines for Brazil, Canada, and South Africa. RICE : The outlook for 2018/19 U.S. rice this month is for slightly higher supplies, higher exports, and reduced ending stocks. Total 2018/19 rice supplies are raised 0.5 million cwt to 276.2 million on higher medium - and short- grain imports. Exports are raised 3.0 million cwt (all medium - and short -grain milled rice) in response to the sharp reduction in Australia’ s crop. No changes are made this month to the long grain supply and demand estimates. Long -grain ending stocks remain at 32.4 million cwt, up nearly 60 percent from the previous year. Medium - and short -grain ending stocks are lowered 2.5 million cwt to 10.3 million. The all rice marketing year average price is raised $0.10 per cwt at the midpoint to a range of $11.60 – 12.60. The long -grain price is unchanged but medium - and short -grain prices are raised $0.50 per cwt for California to a midpoint of $18.30 and $0.10 per cwt for other states to a midpoint of $12.20. Global rice production for 2018/19 is raised 0.4 million tons to 491.1 million led by a 1.0- million -ton increase for Nigeria, which is based on updated government statistics for multiple years. The Nepal crop is raised 0.2 million tons. Partly offsetting is a 0.5- million - ton reduction for Thailand on limited water availability for the dry season crop and a 0.3- million -ton decrease for Australia on the severe drought in the Eastern part of the country. Global exports are lowered 0.8 million tons with Thailand down 0.7 million tons and Australia down 0.2 million, both on the smaller crops. Imports for 2018/19 are lowered 0.6 million tons for Nigeria and 0.4 million tons for Indonesia. Total use is raised 1.2 millio n tons, led by increases for Nigeria and Thailand, and global ending stocks are raised fractionally to 163.3 million tons. OILSEEDS: Total U.S. oilseed production for 2018/19 is forecast at 135.5 million tons, up slightly due to an increase for cottonseed. Soybean supply and use projections for 2018/19 are unchanged from last month. With soybean exports and crush unchanged, soybean ending stocks are projected at a record 955 million bushels. The U.S. season-average soybean price for 2018/19 is forecast at $7.85 to $9.35 per bushel, unchanged at the midpoint. Soybean meal and oil price forecasts are also unchanged at $290 to $330 per short ton and 28.0 to 32.0 cents per pound, respectively. WASDE- 584-3 Global 2018/19 oilseed production is forecast up 0.9 million tons to 600.5 million, with greater soybean production for Brazil and Nigeria. Brazil ’s soybean production is projected up 1.5 million tons to 122.0 million, reflecting higher yields in the Center -West region where crops have benefitted from favorable weather conditions. Higher global soybean production is partly offset by a 0.7- million -ton reduction to rapeseed, mainly due to lower area projections for Australia and India based on recent government data. Global 2018/19 soybean exports are increased 0.7 million tons to 156.1 million. Soybean exports are increase 4 million tons for Brazil but are lowered for Argentina, Canada, and Paraguay. Larger competitive supplies in Brazil are expected to slow the export pace and increase the stocks held by other exporters, particularly Argentina. SUGAR : U.S. beet sugar production for 2018/19 is reduced 73,942 short tons, raw value (STRV) to 4.900 million based on lower projected sucrose recovery from sliced sugarbeets. Recovery for the period covering August -October 2018 is estimated below the level originally expected. Beginning stocks are decreased 44,694 STRV based on a cane processor revision for ending 2017/18 stocks as recorded in revised 2017/18 Sweetener Market Data. Imports from Mexico for 2018/19 are projected to increase 278,177 STRV to 1.120 million. U.S. sugar exports are projected down 50,000 STRV to 35,000 based on reduced import demand in Mexico. Deliveries for human consumption are reduced by 50,000 STRV to 12.125 million on industry -repor ted softening sales. Ending stocks are projected at 1.664 million STRV for a stocks -to-use ratio of 13.52 percent. Mexico sugar imports for 2018/19 are projected to decrease 45,000 metric tons (MT) reflecting expected lower domestic prices relative to those of prospective import suppliers. Mexico exports for 2018/19 are increased by 238,074 MT to 1.266 million. This change reflects larger exports to the United States based on a forecast increase in U.S. Needs as defined in the amended Suspension Agreements plus 1,842 MT reported by CONADESUCA corresponding to export licenses for 2017/18 extended for a period between October 1 and 15. Ending stocks for 2018/19 are projected residually at 1.330 million MT, implying a stocks- to-human consumption ratio of 30.1 percent. LIVESTOCK, POULTRY, AND DAIRY : The 2018 forecast for total red meat and poultry production is raised from last month as higher beef and poultry production forecasts more than offset lower pork production. The increase in beef production r eflects a faster pace of steer and heifer slaughter. However, this is slightly offset by lower carcass weights. The pork production forecast is reduced as smaller expected fourth- quarter hog slaughter more t han offsets heavier carcass weights. Broiler and turkey production forecasts are raised from the previous month on the current pace of slaughter and hatchery data. The egg production forecast is lowered on recent hatchery data. For 2019, the total red meat and poultry forecast is lowered from last month on lower expected beef and broiler production. Beef production is forecast lower, reflecting slightly lighter carcass weights in early 2019. The pork production forecast is unchanged from last month. USDA will release its Quarterly Hogs and Pigs report on December 20 th, which will provide an indication of producers ’ farrowing intentions for the first half of 2019. WASDE- 584-4 Broiler production is reduced as hatchery data points towards slowing production growth. Turkey production is unchanged from the previous month. Egg production is forecast lower for 2019. Beef import forecasts for 2018 and 2019 are reduced from the previous month on lower expected exportable supplies of processing grade beef from Australi a. No change is made to beef export forecasts for 2018 and 2019. The 2018 pork export forecast is unchanged from the previous month, but the export forecast for 2019 is raised on continued strong global demand for U.S. pork. The broiler export forecast is raised for 2018 on recent trade data. For 2019, the broiler export forecast is raised as competitively priced U.S. broiler meat is expected to support global demand. Turkey export forecasts are raised for 2018 and 2019 on recent trade data. The cattle price forecast for 2018 is raised on recent price strength, but the 2019 cattle price forecast is unchanged from the previous month. The hog price forecast for 2018 is raised on recent demand strength and as this strength is expected to carry into next year, price forecasts are raised for 2019. The broiler price forecast is raised for 2018, but no change is made to the 2019 forecast. Turkey and egg price forecasts are lowered for 2018 on current price movements, but no change is made to the 2019 price forecasts. The 2018 and 2019 milk production forecasts are lowered from the previous month on slower growth in milk per cow and lower cow numbers. Relatively weak returns are expected to result in a smaller 2019 cow herd. Fat basis import forecasts are raised for 2018 and 2019, primarily as strong domestic demand supports higher imports of butter. Fat basis export forecasts are raised for both 2018 and 2019 on higher sales of butteroil and anhydrous milk fat (AMF). On a skim -solids basis, the 2018 export forecast is raised on higher expected sales of skim milk/nonfat dry milk powder (SMP/NDM), but the 2019 export forecast is unchanged as higher SMP/NDM sales are largely offset by weaker exports of lactose. The price forecast for cheese is lowered for 2018 on current price weakness and continued high stock levels, but the forecasts for butter, NDM , and whey are unchanged. For 2019, cheese and butter price forecasts are reduced while the NDM price forecast is unchanged. The 2019 whey price forecast is raised from last month as stocks remain relatively low . The 2018 and 2019 Class III price forecasts are lowered from last month on lower cheese prices. The 2018 and 2019 Class IV prices are unchanged at the midpoint of the range. The all milk price is forecast lower at $16.15 to $16.25 per cwt for 2018 and $16.40 to $17.20 per cwt for 2019. COTTON : This month’ s 2018/19 U.S. cotton forecasts include slightly higher production and ending stocks. Production is raised 180,000 bales due mainly to a 300,000 -bale increase in Texas. Domestic mill use and exports are unchanged. Ending stocks, forecast at 4.4 million bales in 2018/19, are 100,000 bales above both last month and the 2017/18 estimate. The forecast range for the marketing year average price received by producers is unchanged from November, 71 to 77 cents per pound, with a midpoint of 74 cents. WASDE- 584-5 The global 2018/19 forecasts compared with last month include lower production, lower consumption, higher trade, and slightly higher ending stocks. Global production is 645,000 bales lower with smaller crops in Pakistan, China, India, Turkmenistan, and Turkey. These changes more than offset a 1.0- million -bale increase in Brazil and smaller increases in the United States and Cote d’ Ivoire. Global consumption is 1.3 million bales lower largely due to a 1.0- million -bale decline for China, but consumption is also lower in Pakistan, Turkey, and Uzbekistan. Global trade is 600,000 bales higher, with imports up in Pakistan, India, and Malaysia, while exports are higher from Brazil, Argentina, Cote d’Ivoire, India, and Uzbekistan. Projected 2018/19 global ending stocks are nearly 600,000 bales higher this month, but at 73.2 million bales are down 7.3 million bales from the year before. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Seth D. Meyer , (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY : ROBERT JOHANSSON SECRETARY OF AGRI CULTURE DESIGNATE WASDE- 584-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers , ICEC Chair, WAOB, E- mail: wchambers @oce.usda.gov Jennifer Bond, ERS; Andrew Sowell, FAS; Pete Riley, F PAC . Rice: William Chambers , ICEC Chair, WAOB, E-mail: wchamb ers @oce.usda.gov Nathan Childs, ERS; Rachel Trego, FAS; Sherrie Grimm, F PAC. Feed Grains: Michael Jewison , ICEC Chair, WAOB, E-mail: [email protected] Tom Capehart, ERS; Yoonhee Macke , FAS; Milton Madison , FPAC. Oilseeds: Keith Menzie, ICEC Chair , WAOB, E-mail: [email protected] Mark Ash, ERS; Bill George, FAS; Susan Proper, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, E- mail: [email protected] Leslie Meyer, ERS; James Johnson, FAS; Erik Dohlman , FPAC. Sugar: Stephen Haley , ICEC Chair, WAOB, E-mail: [email protected] Michael McConnell, ERS; Ro n Lord, FAS; Barbara Fecso, F PAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Lindsay Kuberka, FAS; Ryan Pfirrm ann-Powell, FPAC . Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Sherry Wise , AMS; Kim Ha , ERS; Claire Mezoughem, FAS; Milton Madison, F PAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, E- mail: [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Milton Madison, F PAC. In 2019, the WASDE report will be released on Jan 11, Feb 8, Mar 8, Apr 9, May 10, Jun 11, July 11, Aug 12, Sep 12, Oct 10, Nov 8, and Dec 10. WASDE- 584-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World C oarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Production .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 December 2018 WASDE - 584 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2016/17 2661.04 3397.27 429.22 2602.35 794.92 2017/18 (Est.) 2615.43 3410.35 414.62 2599.43 810.92 filler filler filler filler filler 2018/19 (Proj.) Nov 2597.49 3407.00 428.84 2643.08 763.91 2018/19 (Proj.) Dec 2598.17 3409.08 426.74 2642.50 766.58 filler filler filler filler filler Wheat 2016/17 756.51 1000.90 183.35 739.86 261.04 2017/18 (Est.) 763.06 1024.10 181.23 744.16 279.94 filler filler filler filler filler 2018/19 (Proj.) Nov 733.51 1012.51 178.79 745.80 266.71 2018/19 (Proj.) Dec 733.41 1013.35 177.3 6 745.25 268.10 filler filler filler filler filler Coarse Grains 5/ 2016/17 1413.71 1763.18 198.62 1378.73 384.45 2017/18 (Est.) 1357.30 1741.76 186.06 1372.45 369.31 filler filler filler filler filler 2018/19 (Proj.) Nov 1373.28 1743.08 201.14 1408.90 334.18 2018/19 (Proj.) Dec 1373.61 1742.92 201.28 1407.69 335.23 filler filler filler filler filler Rice, milled 2016/17 490.82 633.19 47.25 483.77 149.43 2017/18 (Est.) 495.07 644.49 47.33 482.82 161.68 filler filler filler filler filler 2018/19 (Proj.) Nov 490.70 651.41 48.91 488.39 163.02 2018/19 (Proj.) Dec 491.14 652.81 48.11 489.56 163.25 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2016/17 472.56 556.09 96.71 363.62 95.76 2017/18 (Est.) 437.26 541.09 94.58 357.75 88.76 filler filler filler filler filler 2018/19 (Proj.) Nov 443.33 540.28 95.86 369.57 74.85 2018/19 (Proj.) Dec 443.33 540.06 95.28 368.30 76.48 filler filler filler filler filler Wheat 2016/17 62.83 92.60 28.60 31.86 32.13 2017/18 (Est.) 47.35 83.76 24.52 29.33 29.91 filler filler filler filler filler 2018/19 (Proj.) Nov 51.29 85.00 27.90 31.27 25.84 2018/19 (Proj.) Dec 51.29 85.00 27.22 31.27 26.52 filler filler filler filler filler Coarse Grains 5/ 2016/17 402.61 454.15 64.46 327.53 62.17 2017/18 (Est.) 384.26 449.36 67.30 324.14 57.92 filler filler filler filler filler 2018/19 (Proj.) Nov 385.12 446.52 64.92 334.08 47.53 2018/19 (Proj.) Dec 385.12 446.29 64.92 332.81 48.56 filler filler filler filler filler Rice, milled 2016/17 7.12 9.34 3.65 4.23 1.46 2017/18 (Est.) 5.66 7.98 2.76 4.28 0.93 filler filler filler filler filler 2018/19 (Proj.) Nov 6.93 8.75 3.05 4.22 1.48 2018/19 (Proj.) Dec 6.93 8.77 3.14 4.22 1.40 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains ). December 2018 WASDE - 584 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2016/17 2,188.48 2,841.18 332.51 2,238.73 699.16 2017/18 (Est.) 2,178.17 2,869.25 320.04 2,241.68 722.16 filler filler filler filler filler 2018/19 (Proj.) Nov 2,154.15 2,866.71 332.98 2,273.51 689.07 2018/19 (Proj.) Dec 2,154.83 2,869.02 331.46 2,274.20 690.1 0 filler filler filler filler filler Wheat 2016/17 693.68 908.30 154.74 707.99 228.91 2017/18 (Est.) 715.72 940.34 156.70 714.83 250.03 filler filler filler filler filler 2018/19 (Proj.) Nov 682.23 927.51 150.89 714.53 240.88 2018/19 (Pr oj.) Dec 682.13 928.35 150.14 713.98 241.58 filler filler filler filler filler Coarse Grains 5/ 2016/17 1,011.10 1,309.03 134.16 1,051.20 322.29 2017/18 (Est.) 973.05 1,292.40 118.77 1,048.31 311.39 filler filler filler filler filler 2018 /19 (Proj.) Nov 988.16 1,296.55 136.23 1,074.81 286.65 2018/19 (Proj.) Dec 988.50 1,296.63 136.36 1,074.88 286.67 filler filler filler filler filler Rice, milled 2016/17 483.70 623.86 43.61 479.54 147.96 2017/18 (Est.) 489.41 636.52 44.57 478.54 160.74 filler filler filler filler filler 2018/19 (Proj.) Nov 483.77 642.65 45.86 484.16 161.54 2018/19 (Proj.) Dec 484.21 644.05 44.96 485.34 161.85 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based o n export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed gra ins. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2016/17 106.66 196.99 37.90 116.17 80.40 2017/18 (Est.) 123.70 204.10 40.99 123.16 80.45 filler filler filler filler filler 2018/19 (Proj.) Nov 119.39 199.78 41.13 126.88 72.61 2018/19 (Proj.) Dec 118.74 199.19 41.73 125.63 73.19 filler filler filler filler filler United States 2016/17 17.17 20.98 14.92 3.25 2.75 2017/18 (Est.) 20.92 23.68 15.85 3.23 4.30 filler filler filler filler filler 2018/19 (Proj.) Nov 18.41 22.71 15.00 3.30 4.30 2018/19 (Proj.) Dec 18.59 22.89 15.00 3.30 4.40 filler filler filler filler filler Foreign 4/ 2016/17 89.49 176.01 22.99 112.92 77.65 2017/18 (Est.) 102.77 180.42 25.15 119.94 76.15 filler filler filler filler filler 2018/19 (Proj.) Nov 100.98 177.06 26.13 123.58 68.31 2018/19 (Proj.) Dec 100.15 176.30 26.73 122.33 68.79 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. December 2018 WASDE - 584 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2016/17 572.84 667.43 170.62 467.45 111.30 2017/18 (Est.) 575.35 686.65 176.72 483.17 117.10 filler filler filler filler filler 2018/19 (Proj.) Nov 599.57 715.13 179.51 497.85 126.20 2018/19 (Proj.) Dec 600.47 717.57 180.00 498.05 129.23 filler filler filler filler filler Oilmeals 2016/17 319.77 336.88 88.22 316.88 16.53 2017/18 (Est.) 330.56 347.08 88.45 327.52 15.63 filler filler filler filler filler 2018/19 (Proj.) Nov 341.06 356.64 90.14 337.34 15.64 2018/19 (Proj.) Dec 341.36 356.99 90.39 337.98 15.44 filler filler filler filler filler Vegetable Oils 2016/17 188.41 209.65 81.29 183.35 19.86 2017/18 (Est.) 197.95 217.81 79.71 191.04 20.96 filler filler filler filler filler 2018/19 (Proj.) Nov 202.69 223.20 83.91 196.30 20.96 2018/19 (Proj.) Dec 203.84 224.80 84.22 197.33 21.42 filler filler filler filler filler United States Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2016/17 126.93 135.31 60.08 56.26 9.60 2017/18 (Est.) 131.49 142.51 59.19 60.17 13.83 filler filler filler filler filler 2018/19 (Proj.) Nov 135.45 150.64 52.85 61.05 27.66 2018/19 (Proj.) Dec 135.50 150.70 52.89 61.01 27.66 filler filler filler filler filler Oilmeals 2016/17 43.11 47.31 10.83 36.08 0.41 2017/18 (Est.) 47.02 51.18 13.75 36.86 0.56 filler filler filler filler filler 2018/19 (Proj.) Nov 47.07 51.42 12.84 38.12 0.46 2018/19 (Proj.) Dec 47.05 51.39 12.84 38.09 0.46 filler filler filler filler filler Vegetable Oils 2016/17 11.43 17.37 1.42 14.72 1.23 2017/18 (Est.) 12.11 18.13 1.35 15.54 1.24 filler filler filler filler filler 2018/19 (Proj.) Nov 12.32 18.52 1.25 15.96 1.31 2018/19 (Proj.) Dec 12.30 18.50 1.25 15.94 1.30 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2016/17 445.91 532.12 110.54 411.19 101.70 2017/18 (Est.) 443.86 544.14 117.53 423.00 103.27 filler filler filler filler filler 2018/19 (Proj.) Nov 464.13 564.49 126.66 436.80 98.54 2018/19 (Proj.) Dec 464.97 566.88 127.11 437.04 101.56 filler filler filler filler filler Oilmeals 2016/17 276.66 289.57 77.39 280.80 16.12 2017/18 (Est.) 283.54 295.91 74.70 290.66 15.08 filler filler filler filler filler 2018/19 (Proj.) Nov 293.99 305.22 77.30 299.22 15.17 2018/19 (Proj.) Dec 294.31 305.59 77.55 299.89 14.97 filler filler filler filler filler Vegetable Oils 2016/17 176.98 192.28 79.87 168.63 18.63 2017/18 (Est.) 185.84 199.68 78.36 175.50 19.73 filler filler filler filler filler 2018/19 (Proj.) Nov 190.37 204.69 82.67 180.34 19.66 2018/19 (Proj.) Dec 191.54 206.31 82.97 181.38 20.12 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only fo r oilseeds. 3/ Total Foreign is equal to World minus United States. December 2018 WASDE - 584 - 11 U.S. Wheat Supply and Use 1/ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Nov Dec Million Acres Area Planted 50.1 46.0 47.8 47.8 Area Harvested 43.9 37.5 39.6 39.6 Bushels Yield per Harvested Acre 52.7 46.3 47.6 47.6 Million Bushels Beginning Stocks 976 1,181 1,099 1,099 Production 2,309 1,740 1,884 1,884 Imports 118 157 140 140 Supply, Total 3,402 3,078 3,123 3,123 Food 949 964 970 970 Seed 61 63 69 69 Feed and Residual 161 50 110 110 Domestic, Total 1,171 1,078 1,149 1,149 Exports 1,051 901 1,025 1,000 Use, Total 2,222 1,979 2,174 2,149 Ending Stocks 1,181 1,099 949 974 Avg. Farm Price ($/bu) 2/ 3.89 4.72 4.90 - 5.30 5.05 - 5.25 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2017/18 (Est.) Beginning Stocks 589 235 215 105 36 1,181 Production 750 384 292 258 55 1,740 Supply, Total 3/ 1,346 707 511 371 142 3,078 Domestic Use 394 288 216 90 90 1,078 Exports 371 228 91 193 18 901 Use, Total 765 516 306 284 107 1,979 Ending Stocks, Total 581 191 205 87 35 1,099 2018/19 (Proj.) Beginning Stocks 581 191 205 87 35 1,099 Production 662 587 286 272 77 1,884 Supply, Total 3/ 1,248 850 497 365 163 3,123 Domestic Use 460 295 210 96 88 1,149 Exports 320 300 130 220 30 1,000 Use, Total 780 595 340 316 118 2,149 Ending Stocks, Total Dec 468 255 157 49 45 974 Ending Stocks, Total Nov 426 260 169 50 44 949 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. December 2018 WASDE - 584 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Nov Dec Million Acres Area Planted 106.6 100.9 100.2 100.2 Area Harvested 96.5 90.5 89.7 89.7 Metric Tons Yield per Harvested Acre 4.17 4.24 4.29 4.29 Million Metric Tons Beginning Stocks 48.1 62.1 57.9 57.9 Production 402.3 384.0 384.9 384.9 Imports 3.3 2.7 3.2 3.0 Supply, Total 453.6 448.9 446.0 445.8 Feed and Residual 144.6 138.4 144.8 145.2 Food, Seed & Industrial 182.4 185.3 188.8 187.2 Domestic, Total 327.0 323.7 333.6 332.3 Exports 64.5 67.3 64.9 64.9 Use, Total 391.5 391.0 398.5 397.3 Ending Stocks 62.1 57.9 47.5 48.5 CORN 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. November Decemb er Million Acres Area Planted 94.0 90.2 89.1 89.1 Area Harvested 86.7 82.7 81.8 81.8 Bushels Yield per Harvest ed Acre 174.6 176.6 178.9 178.9 Million Bushels Beginning Stocks 1,737 2,293 2,140 2,140 Production 15,148 14,604 14,626 14,626 Imports 57 36 50 45 Supply, Total 16,942 16,934 16,816 16,811 Feed and Residual 5,470 5,298 5,500 5,500 Food, See d & Industrial 2/ 6,885 7,058 7,130 7,080 Ethanol & by -products 3/ 5,432 5,605 5,650 5,600 Domestic, Total 12,355 12,355 12,630 12,580 Exports 2,294 2,438 2,450 2,450 Use, Total 14,649 14,793 15,080 15,030 Ending Stocks 2,293 2,140 1,736 1,781 Avg. Farm Price ($/bu) 4/ 3.36 3.36 3.20 - 4.00 3.25 - 3.95 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by -products including distillers' grains, corn gluten fee d, corn gluten meal, and corn oil. 4/ Marketing - year weighted average price received by farmers. December 2018 WASDE - 584 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2016/17 2017/18 Est. 2018/19 P roj. 2018/19 Proj. Nov Dec Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 6.7 5.6 5.8 5.8 Area Harvested (mil. acres) 6.2 5.0 5.1 5.1 Yield (bushels/acre) 77.9 72.1 71.4 71.4 Beginning Stocks 37 33 35 35 Product ion 480 364 364 364 Imports 2 2 0 0 Supply, Total 519 399 399 399 Feed and Residual 133 100 135 150 Food, Seed & Industrial 115 59 125 110 Total Domestic 247 159 260 260 Exports 238 205 100 100 Use, Total 485 364 360 360 Ending Stocks 33 35 39 39 Avg. Farm Price ($/bu) 2/ 2.79 3.22 3.00 - 3.80 3.05 - 3.75 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. November Decemb er Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.1 2.5 2.5 2.5 Area Harvested (mil. acres) 2.6 2.0 2.0 2.0 Yield (bushels/acre) 77.9 72.6 77.4 77.4 Beginning Stocks 102 106 94 94 Production 200 142 153 153 Imports 10 9 15 10 Supply, Total 312 257 263 258 Feed and Residual 39 1 15 15 Food, Seed & Industrial 162 157 155 155 Total Domestic 201 158 170 170 Exports 4 5 5 5 Use, Total 205 163 175 175 Ending Stocks 106 94 88 83 Avg. Farm Price ($/bu) 2/ 4.96 4.47 4.15 - 5.15 4.10 - 5.00 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. November Decemb er Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.8 2.6 2.7 2.7 Area Harvested (mil. acres) 1.0 0.8 0.9 0.9 Yield (bushels/acre) 66.0 61.7 64.9 64.9 Beginning Stocks 57 50 41 41 Production 65 49 56 56 Imports 90 89 95 95 Supply, Total 212 189 192 192 Feed and Residual 82 68 75 75 Food, Seed & Industrial 76 78 79 79 Total Domestic 158 146 154 154 Exports 3 2 2 2 Use, Total 161 148 156 156 Ending Stocks 50 41 36 36 Avg. Farm Price ($/bu) 2/ 2.06 2.59 2.40 - 3.00 2.40 - 2.90 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year wei ghted average price received by farmers. December 2018 WASDE - 584 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Nov Dec Million Acres Area Planted 3.15 2.46 2.94 2.94 Area Harvested 3.10 2.37 2.90 2.90 Fil ler Pounds Yield per Harvested Acre 7,237 7,507 7,522 7,522 Million Hundredweight Beginning Stocks 2/ 46.5 46.0 29.4 29.4 Production 224.1 178.2 218.3 218.3 Imports 23.5 26.9 28.0 28.5 Supply, Total 294.1 251.2 275.7 276.2 Domestic & Residual 3/ 133.2 134.8 133.0 133.0 Exports, Total 4/ 114.8 87.0 96.0 99.0 Rough 40.4 28.6 32.0 32.0 Milled (rough equiv.) 74.4 58.4 64.0 67.0 Use, Total 248.0 221.8 229.0 232.0 Ending Stocks 46.0 29.4 46.7 44.2 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 10.40 12.70 11.50 - 12.50 11.60 - 12.60 Total LONG -GRAIN RICE 2016/1 7 2017/18 E st. 2018/19 Proj. 2018/19 Proj. November Decemb er Harvested Acres (mil.) 2.40 1.75 Yield (pounds/acre) 6,927 7,314 Beginning Stocks 22.7 31.0 20.3 20.3 Production 166.5 127.9 158.6 158.6 Supply, Total 7/ 209.4 182.2 202.4 202.4 Domestic & Residual 3/ 101.8 98.6 103.0 103.0 Exports 8/ 76.6 63.3 67.0 67.0 Use, Total 178.4 161.9 170.0 170.0 Ending Stocks 31.0 20.3 32.4 32.4 Avg. Farm Price ($/cwt) 6/ 9.61 11.50 10.20 - 11.20 10.20 - 11.20 Fil ler Filler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. November Decemb er Harvested Acres (mil.) 0.69 0.63 Yield (pounds/acre) 8,311 8,048 Beginning Stocks 20.9 11.5 7.6 7.6 Production 57.7 50.4 59.7 59.7 Supply, Total 7/ 81.1 67.5 71.8 72.3 Domestic & Residual 3/ 31.4 36.2 30.0 30.0 Exports 8/ 38.2 23.7 29.0 32.0 Use, Total 69.6 59.9 59.0 62.0 Ending Stocks 11.5 7.6 12.8 10.3 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 13.10 16.20 15.60 - 16.60 16.00 - 17.00 California 10/ 14.10 18.70 17.30 - 18.30 17.80 - 18.80 Other States 1/ 10.10 11.70 11.60 - 12.60 11.70 - 12.70 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2015/16 -2.9; 2016/17 -3.5; 2017/18 -1.4. 3/ Residual includes unreported use, processin g losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and endin g stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.65 per cwt from 2008/09 -2013/14, with a high of $3.50 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. December 2018 WASDE - 584 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Nov Dec Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 83.4 90.1 89.1 89.1 Area Harvested 82.7 89.5 88.3 88.3 Fil ler Bushels Yield per Harvested Acre 52.0 49.3 52.1 52.1 Million Bushels Begi nning Stocks 197 302 438 438 Production 4,296 4,411 4,600 4,600 Imports 22 22 25 25 Supply, Total 4,515 4,734 5,063 5,063 Crushings 1,901 2,055 2,080 2,080 Exports 2,166 2,129 1,900 1,900 Seed 105 104 96 96 Residual 41 8 32 32 Use, Total 4,214 4,296 4,107 4,107 Ending Stocks 302 438 955 955 Avg. Farm Price ($/bu) 2/ 9.47 9.33 7.60 - 9.60 7.85 - 9.35 Total SOYBEAN OIL 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. November Decemb er Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,687 1,711 1,990 1,990 Production 4/ 22,123 23,767 24,025 24,025 Imports 319 335 300 300 Supply, Total 24,129 25,814 26,315 26,315 Domestic Disappearance 19,862 21,376 22,200 22,200 Biodiesel 3/ 6,200 7,134 7,800 7,800 Food, Feed & other Industrial 13,662 14,243 14,400 14,400 Exports 2,556 2,447 2,200 2,200 Use, Total 22,418 23,824 24,400 24,400 Ending stocks 1,711 1,990 1,915 1,915 Avg. Price (c/lb) 2/ 32.48 30.04 28.00 - 32.00 28.00 - 32.00 Total SOYBEAN MEAL 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. November Decemb er Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 264 401 553 553 Production 4/ 44,787 49,216 49,147 49,147 Imports 350 495 350 350 Supply, Total 45,400 50,112 50,050 50,050 Domestic Disappearance 33,420 34,733 35,850 35,850 Exports 11,580 14,826 13,750 13,750 Use, Total 45,000 49,559 49,600 49,600 Ending Stocks 401 553 450 450 Avg. Price ($/s.t.) 2/ 316.88 345.02 290.00 - 330.00 290.00 - 330.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted ave rage price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,079 million bushels for 2017/18 and 2,080 million bushels for 2018/19. December 2018 WASDE - 584 - 16 U.S. Sugar Supply and Use 1/ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Nov Dec Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 2,054 1,876 1,993 1,948 Production 2/ 8,969 9,293 9,015 8,941 Beet Sugar 5,103 5,279 4,974 4,900 Cane Sugar 3,866 4,014 4,041 4,041 Florida 2,055 1,983 2,050 2,050 Hawaii 43 0 0 0 Louisiana 1,628 1,862 1,841 1,841 Texas 140 169 150 150 Imports 3,244 3,277 2,801 3,080 TRQ 3/ 1,611 1,663 1,564 1,564 Other Program 4/ 419 326 350 350 Other 5/ 1,213 1,287 887 1,165 Mexico 1,201 1,223 842 1,120 Total Supply 14,267 14,445 13,809 13,969 Exports 95 170 85 35 Deliveries 12,258 12,185 12,320 12,270 Food 6/ 12,102 12,048 12,175 12,125 Other 7/ 156 137 145 145 Miscellaneous 38 142 0 0 Total Use 12,391 12,497 12,405 12,305 Ending Stocks 1,876 1,948 1,404 1,664 Stocks to Use Ratio 15.1 15.6 11.3 13.5 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweete ner Market Data" (SMD). 2/ Production projections for 2017/18 and 2018/19 are based on Crop Production and processor projections where appropriate. 3/ For 2017/18, WTO raw sugar TRQ shortfall (280) and for 2018/19 (99). 4/ Composed of sugar under the re - export and polyhydric alcohol programs. 5/ Imports from Mexico; and high- tier tariff sugar and syrups not otherwise specified -- for 2017/18 (64) and 2018/19 (45). 6/ After 2014/15, SMD deliveries for domestic human food use and for miscellaneous uses re ported separately. 7/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE -reported deliveries: 2016/17 -- 389; estimated 2017/18 -- 269; projected 2018/19 -- 346. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2017/18 Est. Nov 1,002 6,010 220 4,739 1,099 1,395 2017/18 Est. Dec 1,002 6,010 204 4,723 1,099 1,395 2018/19 Proj. Nov 1,395 6,025 115 4,893 1,028 1,613 2018/19 Proj. Dec 1,395 6,025 70 4,893 1,266 1,330 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): Oct -Sep 2016/17 = 1,522; Estimated 2017/18 = 1,593; Oct-Oct 2017 = 116; Projected 2018/19 = 1,593; Oct -Oct 2018 = 127. Footnote source for estimate: Comite Nacional para el Desaro llo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2017/18 (482 est); 2018/19 (480). Other Deliveries/Ending Year Statis tical Adjustments: 2017/18 (29), 2018/19 (13). December 2018 WASDE - 584 - 17 U.S. Cotton Supply and Use 1/ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Nov Dec Fil ler Fil ler Fil ler Fil ler Fil ler Area Milli on Acres Planted 10.07 12.61 14.04 14.04 Harvested 9.51 11.10 10.37 10.37 Fil ler Pounds Yield per Harvested Acre 867 905 852 860 Million 480 Pound Bales Beginning Stocks 3.80 2.75 4.30 4.30 Production 17.17 20.92 18.41 18.59 Imports 0.01 0.00 0.01 0.01 Supply, Total 20.98 23.68 22.71 22.89 Domestic Use 3.25 3.23 3.30 3.30 Exports, Total 14.92 15.85 15.00 15.00 Use, Total 18.17 19.07 18.30 18.30 Unaccounted 2/ 0.06 0.30 0.11 0.19 Ending Stocks 2.75 4.30 4.30 4.40 Avg. Farm Pri ce 3/ 68.0 68.6 71.00 - 77.00 71.00 - 77.00 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previ ous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. December 2018 WASDE - 584 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 244.39 756.51 178.91 147.57 739.86 183.35 261.04 United States 26.55 62.83 3.21 4.37 31.86 28.60 32.13 Total Foreign 217.83 693.68 175.70 143.20 707.99 154.74 228.91 Major Exporte rs 4/ 25.34 227.73 5.95 65.87 151.40 84.05 23.56 Argentina 0.82 18.40 0.00 0.05 5.15 13.83 0.25 Australia 3.85 31.82 0.14 4.00 7.45 22.64 5.72 Canada 5.18 32.14 0.50 5.82 10.80 20.16 6.86 European Union 5/ 15.49 145.37 5.30 56.00 128.00 27.43 10.73 Major Importers 6/ 142.25 203.61 96.34 36.78 277.96 5.48 158.76 Brazil 1.00 6.73 7.35 0.80 12.20 0.62 2.26 China 97.00 133.27 4.41 17.00 119.00 0.75 114.93 Sel. Mideast 7/ 16.68 19.14 18.11 4.44 37.75 0.53 15.65 N. Africa 8/ 16.63 14.08 28.30 2.35 44.55 0.57 13.89 Pakistan 3.82 25.63 0.00 0.80 24.50 0.60 4.35 Southeast Asia 9/ 5.19 0.00 26.89 9.89 25.47 1.02 5.60 Selected Other India 14.54 87.00 5.90 4.70 97.12 0.52 9.80 FSU-12 16.98 130.09 7.24 27.62 78.65 54.42 21.23 Russia 5.61 72.53 0.50 17.00 40.00 27.81 10.83 Kazakhstan 2.60 14.99 0.08 2.10 6.90 7.40 3.36 Ukraine 3.35 26.79 0.04 3.60 10.30 18.11 1.77 2017/18 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 261.04 763.06 179.19 147.65 744.16 181.23 279.94 United States 32.13 47.35 4.28 1.36 29.33 24.52 29.91 Total Foreign 228.91 715.72 174.90 146.29 714.83 156.70 250.03 Major Exporters 4/ 23.56 221.05 6.43 66.31 152.78 71.24 27.01 Argentina 0.25 18.50 0.01 0.05 5.75 12.00 1.00 Australia 5.72 21.30 0.15 4.00 7.48 14.00 5.70 Canada 6.86 29.98 0.45 4.26 9.16 21.95 6.18 European Union 5/ 10.73 151.26 5.82 58.00 130.40 23.29 14.13 Major Importers 6/ 158.76 207.31 93.73 36.45 281.67 6.50 171.62 Brazil 2.26 4.26 7.02 0.50 12.00 0.23 1.31 China 114.93 134.33 4.00 17.50 121.00 1.00 131.26 Sel. Mideast 7/ 15.65 18.33 18.27 5.11 38.86 0.78 12.61 N. Africa 8/ 13.89 19.25 27.45 2.25 45.13 0.83 14.63 Pakistan 4.35 26.67 0.00 1.00 25.00 1.20 4.83 Southeast Asia 9/ 5.60 0.00 25.87 8.94 25.39 1.04 5.03 Selected Other India 9.80 98.51 1.17 5.00 95.83 0.44 13.20 FSU-12 21.23 142.35 8.22 30.71 81.81 69.12 20.86 Russia 10.83 84.99 0.47 20.00 43.00 41.42 11.87 Kazakhstan 3.36 14.80 0.10 2.10 6.90 9.00 2.37 Ukraine 1.77 26.98 0.06 3.30 9.80 17.78 1.24 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Midd le East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2018 WASDE - 584 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Nov 279.00 733.51 175.81 140.96 745.80 178.79 266.71 Dec 279.94 733.41 175.79 141.96 745.25 177.36 268.10 United States Nov 29.91 51.29 3.81 2.99 31.27 27.90 25.84 Dec 29.91 51.29 3.81 2.99 31.27 27.22 26.52 Total Foreign Nov 249.09 682.23 172.00 137.97 714.53 150.89 240.88 Dec 250.03 682.13 171.98 138.97 713.98 150.14 241.58 Major Exporters 4/ Nov 27.01 206.10 7.11 62.10 148.30 72.70 19.22 Dec 27.01 205.90 7.11 62.90 149.10 70.70 20.22 Argentina Nov 1.00 19.50 0.01 0.10 5.80 14.20 0.51 Dec 1.00 19.50 0.01 0.10 5.80 14.20 0.51 Australia Nov 5.70 17.50 0.15 5.00 8.50 11.50 3.35 Dec 5.70 17.00 0.15 5.50 9.00 10.50 3.35 Canada Nov 6.18 31.50 0.45 4.00 9.00 24.00 5.13 Dec 6.18 31.80 0.45 4.30 9.30 24.00 5.13 European Unio n 5/ Nov 14.13 137.60 6.50 53.00 125.00 23.00 10.23 Dec 14.13 137.60 6.50 53.00 125.00 22.00 11.23 Major Importers 6/ Nov 171.62 206.61 91.41 35.68 284.76 6.55 178.33 Dec 171.62 206.71 91.41 35.88 284.96 6.25 178.53 Brazil Nov 1.31 4.80 7.50 0.50 12.10 0.30 1.21 Dec 1.31 4.80 7.50 0.50 12.10 0.30 1.21 China Nov 131.26 132.50 4.00 18.00 123.00 1.20 143.57 Dec 131.26 132.50 4.00 18.00 123.00 1.20 143.57 Sel. Mideast 7/ Nov 12.61 18.86 17.80 4.81 39.09 1.04 9.14 Dec 12.61 18.86 17.80 5.01 39.29 0.74 9.24 N. Africa 8/ Nov 14.63 21.18 25.70 2.25 45.90 0.69 14.93 Dec 14.63 21.18 25.70 2.25 45.90 0.69 14.93 Pakistan Nov 4.83 25.50 0.01 1.20 25.30 1.00 4.03 Dec 4.83 25.50 0.01 1.20 25.30 1.00 4.03 Southeast Asia 9/ Nov 5.03 0.00 25.00 7.94 25.14 1.06 3.83 Dec 5.03 0.00 25.00 7.94 25.14 1.06 3.83 Selected Other India Nov 13.20 99.70 0.20 5.00 98.00 0.50 14.60 Dec 13.20 99.70 0.20 5.00 98.00 0.50 14.60 FSU-12 Nov 19.86 124.48 8.16 27.76 78.44 61.03 13.04 Dec 20.86 124.48 8.16 27.76 78.44 62.53 12.54 Russia Nov 10.87 70.00 0.50 18.00 40.50 35.00 5.87 Dec 11.87 70.00 0.50 18.00 40.50 36.50 5.37 Kazakhstan Nov 2.37 15.00 0.06 2.20 7.00 8.50 1.93 Dec 2.37 15.00 0.06 2.20 7.00 8.50 1.93 Ukraine Nov 1.24 25.00 0.03 2.40 8.70 16.50 1.06 Dec 1.24 25.00 0.03 2.40 8.70 16.50 1.06 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect t he differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra- trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2018 WASDE - 584 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Dome stic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 349.47 1,413.71 172.63 823.03 1,378.73 198.62 384.45 United States 48.11 402.61 3.43 144.74 327.53 64.46 62.17 Total Foreign 301.36 1,011.10 169.20 678.30 1,051.20 134.16 322.29 Major Exporters 4/ 18.07 212.15 2.45 90.23 121.44 77.89 33.35 Argentina 3.27 48.57 0.01 10.77 16.04 29.11 6.70 Australia 1.50 17.27 0.00 4.22 6.09 10.02 2.65 Brazil 7.01 101.58 1.55 53.45 64.03 31.61 14.49 Canada 4.97 26.62 0.79 14.26 21.97 4.85 5.56 Major Importers 5/ 45.20 241.04 120.79 275.11 357.93 11.05 38.05 European Union 6/ 15.74 152.83 15.56 119.87 160.84 8.09 15.20 Japan 1.76 0.18 17.00 13.26 17.25 0.00 1.69 Mexico 5.84 33.26 15.29 27.95 46.85 1.54 6.00 N. Afr & Mideast 7/ 10.49 24.90 34.17 54.69 62.49 0.16 6.92 Saudi Arabia 4.40 0.25 11.53 13.22 13.62 0.00 2.56 Southeast Asia 8/ 4.37 29.35 13.68 34.97 42.94 1.27 3.19 South Korea 1.95 0.20 9.31 7.07 9.64 0.00 1.81 Selected Other China 213.33 270.93 16.06 196.90 275.95 0.11 224.25 FSU-12 6.32 92.74 0.76 41.04 56.36 36.53 6.92 Russia 1.67 40.77 0.28 22.48 32.08 8.57 2.07 Ukraine 3.17 39.22 0.04 9.06 12.53 26.90 3.00 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 384.45 1,357.30 187.83 834.43 1,372.45 186.06 369.31 United States 62.17 384.26 2.94 138.48 324.14 67.30 57.92 Total Foreign 322.29 973.05 184.90 695.95 1,048.31 118.77 311.39 Major Exporters 4/ 33.35 176.53 3.45 94.40 126.60 64.54 22.18 Argentina 6.70 39.32 0.01 10.88 16.41 26.11 3.51 Australia 2.65 11.91 0.00 3.94 5.81 6.84 1.91 Brazil 14.49 85.06 1.55 57.70 68.18 23.51 9.41 Canada 5.56 26.24 1.77 15.43 23.27 5.78 4.53 Major Importers 5/ 38.05 245.16 134.04 283.92 367.75 10.03 39.46 European Union 6/ 15.20 152.49 19.35 121.15 162.67 7.91 16.46 Japan 1.69 0.19 17.58 13.75 17.75 0.00 1.71 Mexico 6.00 33.07 16.38 29.20 48.21 0.96 6.29 N. Afr & Mideast 7/ 6.92 29.41 39.18 59.56 67.47 0.16 7.88 Saudi Arabia 2.56 0.36 12.10 12.34 12.90 0.00 2.12 Southeast As ia 8/ 3.19 29.37 14.72 35.87 43.96 1.01 2.31 South Korea 1.81 0.20 10.21 7.81 10.33 0.00 1.90 Selected Other China 224.25 266.57 16.54 199.22 284.08 0.06 223.22 FSU-12 6.92 88.79 0.76 39.12 54.18 36.49 5.80 Russia 2.07 41.71 0.14 21.57 31.02 11.49 1.42 Ukraine 3.00 34.07 0.05 8.02 11.40 23.00 2.72 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ Wo rld imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in som e countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2018 WASDE - 584 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Nov 369.80 1,373.28 192.47 851.04 1,408.90 201.14 334.18 Dec 369.31 1,373.61 194.39 853.48 1,407.69 201.28 335.23 United States Nov 57.92 385.12 3.49 144.93 334.08 64.92 47.53 Dec 57.92 385.12 3.25 145.31 332.81 64.92 48.56 Total Foreign Nov 311.88 988.16 188.98 706.12 1,074.82 136.23 286.65 Dec 311.39 988.50 191.14 708.17 1,074.88 136.36 286.67 Major Exporters 4/ Nov 23.37 199.49 2.27 94.39 127.30 75.37 22.46 Dec 22.18 197.47 2.97 94.03 126.86 74.90 20.86 Argentina Nov 3.51 50.35 0.01 11.39 16.95 31.31 5.61 Dec 3.51 50.35 0.01 11.39 16.95 31.31 5.61 Australia Nov 1.67 11.10 0.00 2.44 4.29 7.57 0.91 Dec 1.91 10.85 0.00 2.64 4.49 7.12 1.16 Brazil Nov 10.86 97.49 1.55 58.59 70.04 29.02 10.84 Dec 9.41 97.42 1.55 58.59 70.04 29.02 9.33 Canada Nov 4.51 26.95 0.61 15.30 22.76 5.57 3.74 Dec 4.53 26.24 1.31 15.54 23.02 5.55 3.51 Major Imp orters 5/ Nov 38.51 239.93 137.84 290.61 374.06 9.71 32.50 Dec 39.46 240.80 139.74 293.26 376.76 9.23 34.01 European Union 6/ Nov 16.09 146.69 22.36 124.10 165.07 7.25 12.82 Dec 16.46 147.19 22.36 124.80 165.77 6.95 13.28 Japan Nov 1.71 0.18 16.77 13.22 17.21 0.00 1.45 Dec 1.71 0.18 17.27 13.52 17.51 0.00 1.65 Mexico Nov 6.02 31.49 17.31 30.62 49.84 1.50 3.48 Dec 6.29 31.69 17.31 30.72 49.94 1.30 4.05 N. Afr & Mideast 7/ Nov 7.81 31.66 37.75 60.72 68.69 0.20 8.33 Dec 7.88 31.66 38.05 61.07 69.04 0.20 8.34 Saudi Arabia Nov 2.12 0.34 13.01 13.25 13.78 0.00 1.70 Dec 2.12 0.34 13.01 13.25 13.78 0.00 1.70 Southeast Asia 8/ Nov 2.27 29.29 16.16 36.46 44.51 0.77 2.44 Dec 2.31 29.46 17.16 37.46 45.56 0.79 2.59 South Korea Nov 1.88 0.20 10.39 8.11 10.62 0.00 1.86 Dec 1.90 0.20 10.39 8.11 10.62 0.00 1.87 Selected Other China Nov 223.22 263.81 16.90 204.45 295.53 0.07 208.33 Dec 223.22 263.81 16.35 203.90 294.98 0.07 208.33 FSU-12 Nov 5.82 91.40 0.79 36.37 50.74 42.26 5.01 Dec 5.80 92.90 0.79 36.57 50.91 43.34 5.24 Russia Nov 1.44 34.73 0.18 18.68 27.63 7.74 0.98 Dec 1.42 34.73 0.18 18.68 27.53 7.78 1.02 Ukraine Nov 2.72 42.20 0.04 7.70 10.89 31.66 2.40 Dec 2.72 43.70 0.04 7.90 11.16 32.70 2.59 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, C anada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, a nd Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2018 WASDE - 584 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Feed Dome stic Total 2/ Exports Ending Stocks World 3/ 311.38 1,122.41 135.59 655.95 1,083.55 160.05 350.24 United States 44.12 384.78 1.45 138.94 313.83 58.27 58.25 Total Foreign 267.26 737.63 134.14 517.01 769.72 101.78 291.99 Major Exporters 4/ 9.31 157.05 0.87 65.96 84.36 59.88 22.99 Argentina 1.45 41.00 0.01 7.50 11.20 25.99 5.27 Brazil 6.77 98.50 0.85 51.00 60.50 31.60 14.02 South Africa 1.10 17.55 0.00 7.46 12.66 2.29 3.70 Major Importers 5/ 22.61 124.90 80.39 147.78 201.04 5.00 21.87 Egypt 2.22 6.00 8.77 12.70 15.10 0.01 1.89 European Union 6/ 6.93 61.88 14.97 55.00 74.00 2.19 7.60 Japan 1.35 0.00 15.17 11.60 15.20 0.00 1.32 Mexico 5.16 27.58 14.61 22.50 40.40 1.54 5.41 Southeast Asia 7/ 4.36 29.30 13.48 34.90 42.70 1.26 3.18 South Korea 1.94 0.08 9.22 7.03 9.44 0.00 1.80 Selected Other 0.00 Canada 2.45 13.89 0.71 7.50 12.95 1.52 2.57 China 212.02 263.61 2.46 185.00 255.00 0.08 223.02 FSU-12 2.60 47.79 0.35 17.67 20.51 27.16 3.07 Ukraine 1.39 27.97 0.03 5.10 6.50 21.33 1.55 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3 / 350.24 1,076.18 149.71 670.09 1,086.23 148.02 340.20 United States 58.25 370.96 0.92 134.57 313.83 61.94 54.37 Total Foreign 291.99 705.22 148.79 535.53 772.39 86.08 285.83 Major Exporters 4/ 22.99 127.53 1.01 69.40 88.70 48.80 14.02 Argentina 5.27 32.00 0.01 8.00 11.90 23.00 2.38 Brazil 14.02 82.00 1.00 55.00 64.50 23.50 9.02 South Africa 3.70 13.53 0.00 6.40 12.30 2.30 2.62 Major Importers 5/ 21.87 125.42 88.50 154.40 208.25 3.72 23.82 Egypt 1.89 6.40 9.46 13.40 15.90 0.01 1.84 European Union 6/ 7.60 62.10 18.41 57.00 76.50 1.75 9.86 Japan 1.32 0.00 15.67 12.00 15.60 0.00 1.39 Mexico 5.41 27.45 16.13 24.30 42.30 0.96 5.73 Southeast Asia 7/ 3.18 29.32 14.40 35.80 43.60 1.00 2.30 South Korea 1.80 0.07 10.02 7.70 10.00 0.00 1.89 Selected Other 0.00 Canada 2.57 14.10 1.70 8.40 14.06 1.94 2.37 China 223.02 259.07 3.47 187.00 263.00 0.02 222.54 FSU-12 3.07 42.07 0.46 15.94 18.64 24.46 2.50 Ukraine 1.55 24.12 0.05 4.50 5.80 18.50 1.41 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2018 WASDE - 584 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Nov 340.92 1,098.95 157.16 696.67 1,132.36 165.64 307.51 Dec 340.20 1,099.91 159.74 698.74 1,131.31 166.46 308.80 United States Nov 54.37 371.52 1.27 139.71 320.82 62.23 44.10 Dec 54.37 371.52 1.14 139.71 319.55 62.23 45.25 Total Foreign Nov 286.55 727.44 155.89 556.96 811.54 103.41 263.41 Dec 285.83 728.40 158.60 559.03 811.76 104.23 263.56 Major Exporters 4/ Nov 15.52 150.00 1.01 71.10 91.50 58.90 16.12 Dec 14.02 149.00 1.01 70.30 90.60 58.90 14.52 Argentina Nov 2.38 42.50 0.01 8.50 12.40 28.00 4.48 Dec 2.38 42.50 0.01 8.50 12.40 28.00 4.48 Brazil Nov 10.52 94.50 1.00 56.00 66.50 29.00 10.52 Dec 9.02 94.50 1.00 56.00 66.50 29.00 9.02 South Africa Nov 2.62 13.00 0.00 6.60 12.60 1.90 1.12 Dec 2.62 12.00 0.00 5.80 11.70 1.90 1.02 Major Importers 5/ Nov 22.87 121.69 92.60 162.80 216.45 3.77 16.94 Dec 23.82 122.76 94.20 164.80 218.50 3.59 18.69 Egypt Nov 1.78 6.80 9.70 13.70 16.20 0.01 2.07 Dec 1.84 6.80 9.70 13.70 16.20 0.01 2.13 European Union 6/ Nov 9.50 59.50 21.00 63.50 82.50 1.50 6.00 Dec 9.86 60.40 21.00 64.00 83.00 1.50 6.76 Japan Nov 1.39 0.00 15.00 11.60 15.20 0.00 1.20 Dec 1.39 0.00 15.50 11.90 15.50 0.00 1.40 Mexico Nov 5.47 26.00 16.70 25.50 43.70 1.50 2.97 Dec 5.73 26.00 16.70 25.50 43.70 1.30 3.43 Southeast Asia 7/ Nov 2.26 29.24 16.00 36.40 44.30 0.76 2.43 Dec 2.30 29.41 17.00 37.40 45.35 0.78 2.58 South Korea Nov 1.88 0.08 10.20 8.00 10.30 0.00 1.85 Dec 1.89 0.08 10.20 8.00 10.30 0.00 1.86 Selected Other Canada Nov 2.37 14.50 0.50 8.30 13.70 1.60 2.07 Dec 2.37 13.90 1.20 8.50 13.90 1.60 1.97 China Nov 222.54 256.00 5.00 194.00 276.00 0.05 207.49 Dec 222.54 256.00 5.00 194.00 276.00 0.05 207.49 FSU-12 Nov 2.50 49.80 0.45 16.89 19.59 30.75 2.41 Dec 2.50 51.30 0.45 17.09 19.89 31.75 2.61 Ukraine Nov 1.41 33.50 0.03 5.30 6.60 27.00 1.33 Dec 1.41 35.00 0.03 5.50 6.90 28.00 1.53 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketi ng years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2018 WASDE - 584 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 142.37 490.82 41.29 483.77 47.25 149.43 United States 1.48 7.12 0.75 4.23 3.65 1.46 Total Foreign 140.90 483.70 40.54 479.54 43.61 147.96 Major Exporters 4/ 29.48 163.15 0.76 132.88 33.39 27.12 India 18.40 109.70 0.00 95.78 11.77 20.55 Pakistan 1.12 6.85 0.01 3.10 3.52 1.37 Thailand 8.40 19.20 0.25 12.00 11.62 4.24 Vietnam 1.56 27.40 0.50 22.00 6.49 0.97 Major Importers 5/ 10.04 66.54 11.90 77.56 1.22 9.71 Brazil 0.31 8.38 0.61 8.00 0.83 0.48 European Union 6/ 1.18 2.09 1.84 3.60 0.32 1.19 Indonesia 3.51 36.86 0.35 37.80 0.00 2.92 Nigeria 1.53 4.41 2.50 6.70 0.00 1.74 Philippines 2.12 11.69 1.10 12.90 0.00 2.00 Sel. Mideast 7/ 0.86 1.78 3.87 5.63 0.00 0.88 Selected Other 0.00 Burma 1.24 12.65 0.01 10.00 3.35 0.55 C. Amer & Carib 8/ 0.54 1.72 1.77 3.36 0.04 0.63 China 88.00 147.77 5.30 141.76 0.81 98.50 Egypt 0.92 4.80 0.10 4.30 0.10 1.43 Japan 2.55 7.93 0.71 8.73 0.05 2.41 Mexico 0.13 0.18 0.87 0.92 0.09 0.17 South Korea 1.83 4.20 0.41 4.65 0.00 1.78 2017/18 Est. Beginning Sto c ks Production Imports Total /2 Dom estic Exports Ending Sto c ks World 3/ 149.43 495.07 47.38 482.82 47.33 161.68 United States 1.46 5.66 0.85 4.28 2.76 0.93 Total Foreign 147.96 489.41 46.53 478.54 44.57 160.74 Major Exporters 4/ 27.12 169.20 0.65 134.86 33.90 28.21 India 20.55 112.91 0.00 98.66 12.20 22.60 Pakistan 1.37 7.45 0.00 3.20 4.30 1.32 Thailand 4.24 20.37 0.25 11.00 10.70 3.16 Vietnam 0.97 28.47 0.40 22.00 6.70 1.14 Major Importers 5/ 9.71 67.41 13.57 78.85 1.38 10.46 Brazil 0.48 8.21 0.68 8.00 0.95 0.41 European Union 6/ 1.19 2.00 2.00 3.70 0.35 1.14 Indonesia 2.92 37.00 2.15 38.00 0.00 4.06 Nigeria 1.74 4.66 2.00 7.10 0.00 1.30 Philippines 2.00 12.24 1.30 13.25 0.00 2.29 Sel. Mideast 7/ 0.88 1.93 3.70 5.75 0.00 0.76 Selected Other 0.00 Burma 0.55 13.20 0.01 10.10 2.80 0.86 C. Amer & Carib 8/ 0.63 1.62 1.66 3.25 0.04 0.62 China 98.50 148.87 5.50 142.49 1.39 109.00 Egypt 1.43 4.30 0.08 4.20 0.05 1.55 Japan 2.41 7.79 0.69 8.66 0.06 2.17 Mexico 0.17 0.18 0.85 0.92 0.10 0.19 South Korea 1.78 3.97 0.40 4.88 0.06 1.21 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU -28. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. December 2018 WASDE - 584 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Nov 160.71 490.70 46.32 488.39 48.91 163.02 Dec 161.68 491.14 45.26 489.56 48.11 163.25 United States Nov 0.93 6.93 0.89 4.22 3.05 1.48 Dec 0.93 6.93 0.91 4.22 3.14 1.40 Total Foreign Nov 159.78 483.77 45.44 484.16 45.86 161.54 Dec 160.74 484.21 44.36 485.34 44.96 161.85 Major Exporters 4/ Nov 27.94 168.67 0.65 135.55 34.75 26.96 Dec 28.21 168.17 0.65 135.95 34.05 27.03 India Nov 22.60 111.00 0.00 100.00 12.50 21.10 Dec 22.60 111.00 0.00 100.00 12.50 21.10 Pakistan Nov 1.32 7.40 0.00 3.25 4.25 1.22 Dec 1.32 7.40 0.00 3.25 4.25 1.22 Thailand Nov 2.99 21.20 0.25 10.20 11.00 3.24 Dec 3.16 20.70 0.25 10.50 10.30 3.31 Vietnam Nov 1.04 29.07 0.40 22.10 7.00 1.41 Dec 1.14 29.07 0.40 22.20 7.00 1.41 Major Importers 5/ Nov 9.97 66.55 14.50 79.40 1.29 10.33 Dec 10.46 67.59 13.45 79.70 1.29 10.50 Brazil Nov 0.43 8.16 0.65 8.03 0.85 0.37 Dec 0.41 8.16 0.65 8.03 0.85 0.34 European Union 6/ Nov 1.14 1.96 2.05 3.75 0.35 1.06 Dec 1.14 1.99 2.00 3.75 0.35 1.04 Indonesia Nov 3.91 37.30 1.20 38.30 0.00 4.11 Dec 4.06 37.30 0.80 38.10 0.00 4.06 Nigeria Nov 0.94 3.78 3.00 6.90 0.00 0.82 Dec 1.30 4.79 2.40 7.40 0.00 1.09 Philippines Nov 2.29 12.15 1.80 13.50 0.00 2.74 Dec 2.29 12.15 1.80 13.50 0.00 2.74 Sel. Mideast 7/ Nov 0.76 1.74 4.00 5.78 0.00 0.72 Dec 0.76 1.74 4.00 5.78 0.00 0.72 Selected Other Burma Nov 0.66 13.12 0.01 10.10 3.00 0.69 Dec 0.86 13.12 0.01 10.20 3.00 0.79 C. Amer & Carib 8/ Nov 0.62 1.75 1.91 3.56 0.03 0.68 Dec 0.62 1.70 1.86 3.46 0.03 0.68 China Nov 109.00 143.58 5.00 142.78 1.80 113.00 Dec 109.00 143.58 5.00 142.78 1.80 113.00 Egypt Nov 1.55 2.80 0.40 4.10 0.02 0.63 Dec 1.55 2.80 0.40 4.10 0.02 0.63 Japan Nov 2.17 7.70 0.69 8.60 0.07 1.88 Dec 2.17 7.70 0.69 8.60 0.07 1.88 Mexico Nov 0.19 0.18 0.88 0.94 0.09 0.22 Dec 0.19 0.18 0.88 0.94 0.09 0.22 South Korea Nov 1.21 3.88 0.41 4.67 0.05 0.77 Dec 1.21 3.87 0.41 4.67 0.05 0.76 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Ph ilippines, selected Middle East, and the EU -28. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. December 2018 WASDE - 584 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2016/17 Beginning Stocks Productio n Imports Domestic Use Exports Loss /2 Ending Stocks World 90.33 106.66 37.70 116.17 37.90 0.21 80.40 United States 3.80 17.17 0.01 3.25 14.92 0.06 2.75 Total Foreign 86.53 89.49 37.69 112.92 22.99 0.15 77.65 Major Exporters 4/ 19.55 50.72 3.63 32.27 19.78 0.01 21.86 Central Asia 5/ 2.35 5.99 3/ 2.83 3.32 0.00 2.18 Afr. Fr. Zone 6/ 1.16 5.12 3/ 0.14 4.60 0.01 1.53 S. Hemis 7/ 8.76 12.25 0.37 4.29 7.04 -0.02 10.06 Australia 1.88 4.05 3/ 0.04 3.73 -0.03 2.19 Brazil 5.71 7.02 0.19 3.20 2.79 0.00 6.93 India 7.04 27.00 2.74 24.35 4.55 0.00 7.88 Major Importers 8/ 65.27 35.86 31.91 76.71 2.03 0.14 54.17 Mexico 0.61 0.77 1.00 1.75 0.15 0.03 0.45 China 56.70 22.75 5.03 38.50 0.06 0.00 45.92 European Union 9/ 0.26 1.31 0.69 0.71 1.33 0.05 0.18 Turkey 1.53 3.20 3.68 6.55 0.33 0.00 1.53 Pakistan 2.62 7.70 2.45 10.30 0.13 0.03 2.32 Indonesia 0.53 0.01 3.39 3.30 0.01 0.00 0.62 Thail and 0.20 3/ 1.23 1.20 0.00 0.03 0.20 Bangladesh 1.52 0.13 6.80 6.80 0.00 0.01 1.63 Vietnam 0.78 3/ 5.50 5.40 0.00 0.00 0.88 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Use Exports Loss /2 Ending Sto c ks World 80.40 123.70 40.98 123.16 40.99 0.47 80.45 United States 2.75 20.92 3/ 3.23 15.85 0.30 4.30 Total Foreign 77.65 102.77 40.98 119.94 25.15 0.17 76.15 Major Exporters 4/ 21.86 56.88 2.47 33.30 21.73 0.02 26.15 Central Asia 5/ 2.18 6.51 3/ 3.38 2.60 0.00 2.72 Afr. Fr. Zone 6/ 1.53 5.49 3/ 0.14 5.09 0.00 1.80 S. Hemis 7/ 10.06 15.42 0.25 4.45 8.55 0.01 12.72 Australia 2.19 4.70 3/ 0.04 3.92 0.00 2.94 Brazil 6.93 9.22 0.08 3.40 4.17 0.00 8.66 India 7.88 29.00 1.68 24.70 5.18 0.00 8.68 Major Importers 8/ 54.17 42.95 35.86 82.58 2.34 0.15 47.91 Mexico 0.45 1.56 0.93 1.90 0.35 0.03 0.66 China 45.92 27.50 5.73 41.00 0.13 0.00 38.02 European Union 9/ 0.18 1.54 0.73 0.76 1.37 0.06 0.27 Turkey 1.53 4.00 4.02 7.35 0.33 0.00 1.88 Pakistan 2.32 8.20 3.30 10.80 0.16 0.03 2.83 Indonesia 0.62 3/ 3.50 3.50 0.01 0.00 0.62 Thailand 0.20 3/ 1.15 1.15 0.00 0.03 0.18 Bangladesh 1.63 0.14 7.60 7.50 0.00 0.01 1.86 Vietnam 0.88 3/ 6.90 6.60 0.00 0.00 1.19 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in ad dition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions listed , includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. December 2018 WASDE - 584 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2018/19 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Nov 80.39 119.39 41.11 126.88 41.13 0.27 72.61 Dec 80.45 118.74 41.71 125.63 41.73 0.35 73.19 United States Nov 4.30 18.41 0.01 3.30 15.00 0.11 4.30 Dec 4.30 18.59 0.01 3.30 15.00 0.19 4.40 Total Foreign Nov 76.09 100.98 41.11 123.58 26.13 0.16 68.31 Dec 76.15 100.15 41.71 122.33 26.73 0.16 68.79 filler filler filler filler filler filler filler Major Exporters 4/ Nov 26.10 54.44 2.22 34.45 21.97 0.02 26.31 Dec 26.15 54.91 2.32 34.30 22.57 0.02 26.50 Central Asia 5/ Nov 2.66 5.67 3/ 3.76 2.11 0.00 2.46 Dec 2.72 5.47 3/ 3.61 2.21 0.00 2.37 Afr. Fr. Zone 6/ Nov 1.80 5.73 3/ 0.14 5.35 0.00 2.05 Dec 1.80 5.86 3/ 0.14 5.45 0.00 2.07 S. Hemis 7/ Nov 12.72 14.46 0.22 4.57 9.86 0.01 12.95 Dec 12.72 15.51 0.22 4.57 10.16 0.01 13.70 Australia Nov 2.94 2.50 3/ 0.04 3.70 0.00 1.71 Dec 2.94 2.50 3/ 0.04 3.60 0.00 1.81 Brazil Nov 8.66 10.00 0.08 3.50 5.50 0.00 9.73 Dec 8.66 11.00 0.08 3.50 5.80 0.00 10.43 India Nov 8.68 28.00 1.50 25.30 4.30 0.00 8.58 Dec 8.68 27.50 1.60 25.30 4.40 0.00 8.08 filler filler filler filler filler filler filler Major Importers 8/ Nov 47.91 43.53 36.40 85.04 2.84 0.14 39.82 Dec 47.91 42.23 36.80 83.94 2.84 0.14 40.02 Mexico Nov 0.66 1.73 0.90 1.90 0.60 0.03 0.76 Dec 0.66 1.73 0.90 1.95 0.60 0.03 0.71 China Nov 38.02 27.50 7.00 42.50 0.15 0.00 29.87 Dec 38.02 27.00 7.00 41.50 0.15 0.00 30.37 European Union 9/ Nov 0.27 1.66 0.71 0.75 1.53 0.05 0.32 Dec 0.27 1.66 0.71 0.75 1.53 0.05 0.32 Turkey Nov 1.88 4.50 2.90 7.10 0.40 0.00 1.78 Dec 1.88 4.30 2.90 7.00 0.40 0.00 1.68 Pakistan Nov 2.83 8.00 2.60 10.80 0.15 0.03 2.46 Dec 2.83 7.40 2.90 10.60 0.15 0.03 2.36 Indonesia Nov 0.62 3/ 3.65 3.55 0.01 0.00 0.71 Dec 0.62 3/ 3.65 3.60 0.01 0.00 0.66 Thailand Nov 0.18 3/ 1.13 1.10 0.00 0.03 0.18 Dec 0.18 3/ 1.18 1.15 0.00 0.03 0.18 Bangladesh Nov 1.86 0.14 8.10 8.00 0.00 0.01 2.08 Dec 1.86 0.14 8.10 8.00 0.00 0.01 2.08 Vietnam Nov 1.19 3/ 7.60 7.50 0.00 0.00 1.29 Dec 1.19 3/ 7.60 7.50 0.00 0.00 1.29 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil , China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3 / Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbai jan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanz ania, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. December 2018 WASDE - 584 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 81.05 349.30 144.37 287.42 329.68 147.50 97.53 United States 5.35 116.92 0.61 51.74 55.71 58.96 8.21 Total Foreign 75.69 232.38 143.77 235.68 273.97 88.54 89.32 Major Exporters 3/ 52.49 183.15 1.98 87.55 95.40 79.52 62.71 Argentina 33.65 55.00 1.67 43.31 47.83 7.03 35.46 Brazil 18.76 114.60 0.25 40.41 43.66 63.14 26.81 Paraguay 0.03 10.34 0.01 3.75 3.81 6.13 0.44 Major Importers 4/ 19.98 17.54 122.63 113.10 136.57 0.39 23.19 China 17.14 13.64 93.50 88.00 103.50 0.11 20.66 European Union 1.56 2.41 13.44 14.40 16.04 0.22 1.15 Japan 0.26 0.24 3.18 2.39 3.46 0.00 0.22 Mexico 0.15 0.52 4.13 4.60 4.64 0.00 0.16 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ 97.53 339.47 153.54 295.24 336.08 153.16 101.30 United States 8.21 120.04 0.59 55.93 58.97 57.95 11.92 Total Foreign 89.32 219.43 152.94 239.31 277.10 95.22 89.37 Major Exporters 3/ 62.71 169.24 5.24 85.36 91.58 85.76 59.86 Argentina 35.46 37.80 5.05 36.98 41.68 2.11 34.52 Brazil 26.81 120.30 0.18 44.50 45.94 76.20 25.15 Paraguay 0.44 9.81 0.01 3.80 3.87 6.20 0.18 Major Importers 4/ 23.19 19.24 124.72 116.11 140.43 0.48 26.24 China 20.66 15.20 94.13 90.00 106.30 0.15 23.54 European Union 1.15 2.67 14.58 14.95 16.60 0.28 1.53 Japan 0.22 0.25 3.26 2.35 3.51 0.00 0.22 Mexico 0.16 0.43 4.87 5.25 5.29 0.00 0.18 2018/19 Proj. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ Nov 99.69 367.50 152.27 307.60 351.94 155.44 112.08 Dec 101.30 369.20 152.46 308.19 351.53 156.09 115.33 United States Nov 11.92 125.18 0.68 56.61 60.08 51.71 26.00 Dec 11.92 125.18 0.68 56.61 60.08 51.71 26.00 Total Foreign Nov 87.77 242.32 151.59 251.00 291.86 103.73 86.09 Dec 89.37 244.02 151.78 251.58 291.45 104.38 89.34 Major Exporters 3/ Nov 58.03 188.30 4.41 89.73 98.03 93.32 59.38 Dec 59.86 189.80 4.41 89.68 96.98 94.17 62.92 Argentina Nov 34.24 55.50 4.20 43.00 47.92 8.00 38.02 Dec 34.52 55.50 4.20 43.00 47.92 5.00 41.30 Brazil Nov 23.55 120.50 0.20 42.70 46.00 77.00 21.25 Dec 25.15 122.00 0.20 42.70 45.00 81.00 21.35 Paraguay Nov 0.23 9.80 0.01 3.95 4.03 5.90 0.11 Dec 0.18 9.80 0.01 3.90 3.98 5.80 0.21 Major Importers 4/ Nov 26.59 19.97 123.42 121.03 146.56 0.45 22.96 Dec 26.24 19.97 123.33 121.03 146.41 0.43 22.69 China Nov 23.54 16.00 90.00 92.50 109.60 0.10 19.84 Dec 23.54 16.00 90.00 92.50 109.60 0.10 19.84 European Union Nov 1.87 2.70 15.80 16.60 18.25 0.30 1.82 Dec 1.53 2.70 15.80 16.60 18.25 0.28 1.50 Japan Nov 0.22 0.26 3.30 2.35 3.52 0.00 0.26 Dec 0.22 0.26 3.30 2.35 3.52 0.00 0.26 Mexico Nov 0.18 0.34 5.00 5.30 5.34 0.00 0.18 Dec 0.18 0.34 5.03 5.30 5.34 0.00 0.21 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and impor ts. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). December 201 8 WASDE - 584 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.42 225.56 60.41 221.78 64.57 13.03 United States 0.24 40.63 0.32 30.32 10.51 0.36 Total Foreign 13.18 184.93 60.10 191.47 54.07 12.67 Major Exporters 3/ 7.07 71.76 0.05 24.55 47.09 7.24 Argentina 4.23 33.28 0.00 2.85 31.32 3.34 Brazil 2.71 31.28 0.04 16.94 13.76 3.32 India 0.13 7.20 0.01 4.75 2.01 0.58 Major Importers 4/ 2.21 16.08 36.49 52.38 0.53 1.86 European Union 0.89 11.38 18.79 30.24 0.33 0.49 Southeast Asia 5/ 1.23 2.90 16.07 18.72 0.20 1.28 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 13.03 232.39 60.39 228.95 64.46 12.41 United States 0.36 44.65 0.45 31.51 13.45 0.50 Total Foreign 12.67 187.75 59.94 197.44 51.01 11.91 Major Exporters 3/ 7.24 68.67 0.03 25.46 43.26 7.22 Argentina 3.34 28.01 0.00 3.00 25.35 3.00 Brazil 3.32 34.50 0.02 17.71 16.07 4.06 India 0.58 6.16 0.01 4.75 1.84 0.16 Major Importers 4/ 1.86 16.37 37.02 53.17 0.64 1.44 European Union 0.49 11.81 18.37 30.04 0.39 0.23 Southeast Asia 5/ 1.28 2.78 16.92 19.62 0.25 1.11 2018/19 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Nov 12.30 241.88 62.23 238.09 66.21 12.10 Dec 12.41 242.34 62.53 238.89 66.26 12.14 United States Nov 0.50 44.59 0.32 32.52 12.47 0.41 Dec 0.50 44.59 0.32 32.52 12.47 0.41 Total Foreign Nov 11.80 197.29 61.91 205.57 53.74 11.69 Dec 11.91 197.76 62.21 206.37 53.79 11.73 Major Exporters 3/ Nov 7.17 73.51 0.04 26.97 46.53 7.23 Dec 7.22 73.67 0.04 27.27 46.53 7.14 Argentina Nov 3.00 33.05 0.00 3.19 29.80 3.07 Dec 3.00 33.05 0.00 3.19 29.80 3.07 Brazil Nov 4.07 33.10 0.03 18.13 15.23 3.84 Dec 4.06 33.10 0.03 18.13 15.23 3.83 India Nov 0.11 7.36 0.02 5.65 1.50 0.33 Dec 0.16 7.52 0.02 5.95 1.50 0.25 Major Importers 4/ Nov 1.41 18.22 37.12 54.85 0.53 1.37 Dec 1.44 18.22 37.32 55.00 0.53 1.44 European Union Nov 0.27 13.11 18.50 31.34 0.30 0.24 Dec 0.23 13.11 18.50 31.29 0.30 0.26 Southeast Asia 5/ Nov 1.05 3.33 16.85 19.97 0.23 1.03 Dec 1.11 3.33 17.05 20.17 0.23 1.09 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indon esia, Malaysia, Philippines, Vietnam, and Thailand. December 2018 WASDE - 584 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Total Exports Endin g Stocks World 2/ 3.76 53.72 10.84 53.41 11.25 3.66 United States 0.77 10.04 0.15 9.01 1.16 0.78 Total Foreign 3.00 43.68 10.69 44.41 10.09 2.88 Major Exporters 3/ 0.71 18.89 0.35 11.76 7.45 0.74 Argentina 0.26 8.40 0.00 2.99 5.39 0.28 Brazil 0.29 7.76 0.06 6.57 1.24 0.29 European Union 0.16 2.74 0.29 2.21 0.82 0.16 Major Importers 4/ 1.29 17.89 5.80 23.57 0.21 1.21 China 0.66 15.77 0.71 16.35 0.12 0.67 India 0.47 1.62 3.53 5.20 0.00 0.43 North Africa 5/ 0.16 0.50 1.56 2.02 0.09 0.12 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 3.66 55.23 9.84 54.59 10.41 3.73 United States 0.78 10.78 0.15 9.70 1.11 0.90 Total Foreign 2.88 44.45 9.68 44.89 9.30 2.82 Major Exporters 3/ 0.74 18.69 0.33 12.30 6.55 0.91 Argentina 0.28 7.31 0.00 3.16 4.13 0.31 Brazil 0.29 8.54 0.05 6.92 1.51 0.45 European Union 0.16 2.84 0.28 2.23 0.90 0.16 Major Importers 4/ 1.21 18.22 5.06 23.36 0.20 0.94 China 0.67 16.13 0.55 16.55 0.14 0.65 India 0.43 1.39 2.98 4.62 0.01 0.17 North Africa 5/ 0.12 0.71 1.53 2.19 0.05 0.12 2018/19 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Nov 3.70 57.44 10.69 56.98 11.21 3.64 Dec 3.73 57.54 10.74 57.05 11.23 3.73 United States Nov 0.90 10.90 0.14 10.07 1.00 0.87 Dec 0.90 10.90 0.14 10.07 1.00 0.87 Total Foreign Nov 2.80 46.54 10.56 46.91 10.21 2.77 Dec 2.82 46.64 10.60 46.98 10.23 2.86 Major Exporters 3/ Nov 0.90 19.74 0.25 12.57 7.45 0.88 Dec 0.91 19.74 0.25 12.52 7.45 0.93 Argentina Nov 0.31 8.39 0.00 3.28 5.10 0.32 Dec 0.31 8.39 0.00 3.28 5.10 0.32 Brazil Nov 0.45 8.20 0.05 7.04 1.35 0.31 Dec 0.45 8.20 0.05 6.99 1.35 0.36 European Union Nov 0.15 3.15 0.20 2.26 1.00 0.25 Dec 0.16 3.15 0.20 2.26 1.00 0.26 Major Importers 4/ Nov 0.94 18.98 5.86 24.62 0.22 0.93 Dec 0.94 19.02 5.84 24.65 0.22 0.93 China Nov 0.62 16.58 0.80 17.40 0.13 0.47 Dec 0.65 16.58 0.80 17.40 0.13 0.51 India Nov 0.19 1.66 3.40 4.90 0.01 0.34 Dec 0.17 1.69 3.40 4.95 0.01 0.31 North Africa 5/ Nov 0.13 0.75 1.66 2.32 0.09 0.13 Dec 0.12 0.75 1.64 2.30 0.09 0.12 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tunisia. December 2018 WASDE - 584 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2017 IV 6,742 6,796 13,595 10,472 1,533 12,139 25,734 2,235 53.1 Annual 26,187 25,584 51,991 41,662 5,981 48,178 100,169 8,808 215.5 2018 I 6,465 6,645 13,167 10,385 1,452 11,962 25,129 2,186 54.4 II 6,724 6,325 13,105 10,685 1,477 12,301 25,406 2,230 55.8 III 6,820 6,315 13,191 10,940 1,431 12,515 25,706 2,265 54.0 IV* 6,930 7,025 14,013 10,660 1,530 12,327 26,340 2,305 53.6 Annual Nov Proj. 26,914 26,320 53,459 42,649 5,875 49,067 102,526 9,001 217.9 Dec Proj. 26,939 26,310 53,475 42,670 5,890 49,105 102,580 8,986 217.8 2019 I* 6,565 6,850 13,474 10,500 1,465 12,092 25,566 2,230 54.8 II* 6,975 6,605 13,638 10,800 1,460 12,401 26,039 2,255 56.6 III* 7,170 6,760 13,985 11,050 1,460 12,652 26,637 2,290 54.7 Annual Nov Proj. 27,810 27,715 55,749 43,370 5,905 49,821 105,570 9,140 220.9 Dec Proj. 27,785 27,715 55,730 43,250 5,905 49,701 105,431 9,120 220.6 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2017 IV 117.88 44.89 86.1 88.0 147.0 17.83 Annual 121.52 50.48 93.5 96.1 100.9 17.65 2018 I 125.60 49.12 95.7 79.4 179.6 15.67 II 116.72 47.91 115.1 79.6 124.4 16.10 III 110.83 43.90 93.7 80.4 120.8 16.00 IV* 113-116 42-43 85-86 81-82 124-127 16.90 -17.10 Annual Nov Proj. 116.79 45.48 97.4 80.8 141.2 16.20 -16.30 Dec Proj. 116.91 45.86 97.5 80.2 137.6 16.15 -16.25 2019 I* 119-125 40-42 92-96 75-79 117-123 16.30 -16.80 II* 118-128 42-46 100-108 79-85 110-120 16.00 -16.80 III* 109-119 44-48 91-99 84-90 120-130 16.25 -17.25 Annual Nov Proj. 114-122 40-43 92-99 81-88 119-128 16.70 -17.60 Dec Proj. 114-122 41-44 92-99 81-88 119-128 16.40 -17.20 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Tot al all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. December 2018 WASDE - 584 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2017 757 26,250 2,993 30,000 2,860 649 26,492 56.9 2018 Proj. Nov 649 26,977 3,014 30,639 3,190 685 26,764 57.0 Dec 649 27,002 3,004 30,654 3,190 685 26,779 57.1 2019 Proj. Nov 685 27,873 3,060 31,618 3,265 690 27,663 58.5 Dec 685 27,848 3,020 31,553 3,265 690 27,598 58.3 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2017 507 25,598 1,116 27,221 5,632 554 21,035 50.1 2018 Proj. Nov 554 26,333 1,059 27,947 5,984 525 21,438 50.6 Dec 554 26,323 1,059 27,937 5,984 525 21,428 50.6 2019 Proj. Nov 525 27,729 1,060 29,314 6,200 560 22,554 52.8 Dec 525 27,729 1,060 29,314 6,450 560 22,304 52.3 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2017 1,304 52,078 4,361 57,744 8,497 1,246 48,000 108.2 2018 Proj. Nov 1,246 53,547 4,346 59,139 9,180 1,259 48,700 109.0 Dec 1,246 53,563 4,341 59,150 9,180 1,261 48,709 109.1 2019 Proj. Nov 1,259 55,837 4,399 61,495 9,473 1,299 50,723 112.6 Dec 1,261 55,818 4,359 61,438 9,723 1,298 50,417 111.9 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2017 778 41,217 126 42,120 6,791 856 34,473 90.8 2018 Proj. Nov 856 42,193 137 43,186 6,916 950 35,320 92.4 Dec 856 42,213 137 43,206 7,056 925 35,225 92.1 2019 Proj. Nov 950 42,906 137 43,993 7,045 895 36,053 93.5 Dec 925 42,787 137 43,849 7,085 895 35,869 93.0 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2017 279 5,981 25 6,284 622 310 5,352 16.4 2018 Proj. Nov 310 5,875 21 6,205 586 300 5,319 16.2 Dec 310 5,890 21 6,220 596 300 5,324 16.2 2019 Proj. Nov 300 5,905 20 6,225 585 310 5,330 16.1 Dec 300 5,905 20 6,225 595 310 5,320 16.1 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2017 1,065 47,732 154 48,950 7,544 1,170 40,236 108.5 2018 Proj. Nov 1,170 48,610 160 49,940 7,591 1,255 41,095 109.9 Dec 1,170 48,647 160 49,978 7,741 1,230 41,007 109.7 2019 Proj. Nov 1,255 49,356 161 50,772 7,734 1,212 41,826 110.9 Dec 1,230 49,238 161 50,629 7,784 1,212 41,633 110.4 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2017 2,369 99,810 4,515 106,694 16,041 2,416 88,237 216.8 2018 Proj. Nov 2,416 102,157 4,506 109,079 16,771 2,514 89,794 219.0 Dec 2,416 102,210 4,501 109,128 16,921 2,491 89,716 218.8 2019 Proj. Nov 2,514 105,193 4,560 112,267 17,207 2,511 92,549 223.6 Dec 2,491 105,055 4,520 112,066 17,507 2,510 92,049 222.4 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ P ounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready -to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. December 2018 WASDE - 584 - 33 U.S. Egg Supply and Use Commodity 2016 2017 2018 Proj. 2018 Proj. 2019 Proj. 2019 Proj. Nov Dec Nov Dec Eggs Million Dozen Supp ly Beginning Stocks 73.6 142.2 87.5 87.5 70.0 70.0 Production 8,578.7 8,807.8 9,000.6 8,985.6 9,140.0 9,120.0 Imports 129.5 34.2 21.6 18.6 27.0 23.0 Total Supply 8,781.8 8,984.1 9,109.7 9,091.7 9,237.0 9,213.0 Use Exports 304.2 354.9 334.1 334.1 340.0 340.0 Hatching Use 1,009.6 1,034.9 1,054.2 1,059.2 1,085.0 1,085.0 Ending Stocks 142.2 87.5 70.0 70.0 80.0 80.0 Disappearance Total 7,325.8 7,506.9 7,651.4 7,628.4 7,732.0 7,708.0 Per Capita (number) 271.6 276.3 279.5 278.8 280.1 279.2 Total U.S. Milk Supply and Use Commodity 2016 2017 2018 Proj. 2018 Proj. 2019 Proj. 2019 Proj. Nov Dec Nov Dec Milk Billion Pounds Prod uction 212.4 215.5 217.9 217.8 220.9 220.6 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 12.3 12.7 13.4 13.4 13.9 14.1 Marketings 211.4 214.5 216.9 216.8 219.9 219.6 Imports 6.9 6.0 6.3 6.5 6.2 6.7 Total Cml. Supply 230.7 233.2 236.7 236.7 240.0 240.4 Fat Basis Use Commercial Exports 8.4 9.2 10.5 10.6 9.8 11.0 Ending Commercial Stocks 12.7 13.4 13.9 14.1 12.6 13.7 CCC Donations 0.0 0.0 0.0 0.0 0.3 0.3 Domestic Commercial Use 209.6 210.5 212.3 212.0 217.3 215.3 Skim -solid Basis Supply Beg. Commercial Stocks 9.2 9.5 11.8 11.8 10.7 10.7 Marketings 211.4 214.5 216.9 216.8 219.9 219.6 Imports 6.5 6.1 5.4 5.4 5.3 5.2 Total Cml. Supply 227.1 230.1 234.1 234.0 235.9 235.5 Skim -solid Basis Use Commercial Exports 39.1 40.7 45.1 45.2 44.1 44.1 Ending Commercial Stocks 9.5 11.8 10.7 10.7 10.5 10.4 CCC Donations 0.0 0.0 0.0 0.0 0.2 0.2 Domestic Commercial Use 178.5 177.6 178.2 178.0 181.2 180.9 Total Note: Totals may not add due to rounding. December 2018 WASDE - 584 - 34 U.S. Dairy Prices Commodity 2016 2017 2018 Proj. 2018 Proj. 2019 Proj. 2019 Proj. Nov Dec Nov Dec Product Prices 1/ Dollars Per Pound Cheese 1.6050 1.6344 1.535 - 1.545 1.530 - 1.540 1.560 - 1.650 1.495 - 1.575 Butter 2.0777 2.3303 2.240 - 2.270 2.240 - 2.270 2.200 - 2.320 2.200 - 2.310 Nonfat Dry Milk 0.8292 0.8666 0.785 - 0.805 0.785 - 0.805 0.830 - 0.900 0.835 - 0.895 Dry Whey 0.2875 0.4437 0.335 - 0.345 0.335 - 0.345 0.390 - 0.420 0.405 - 0.435 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 14.87 16.17 14.60 - 14.70 14.50 - 14.60 15.15 - 16.05 14.65 - 15.45 Class IV 13.77 15.16 14.10 - 14.30 14.10 - 14.30 14.35 - 15.35 14.40 - 15.30 All Milk 3/ 16.30 17.65 16.20- 16.30 16.15 - 16.25 16.70 - 17.60 16.40 - 17.20 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from produc ers as authorized by legislation. December 2018 WASDE - 584 - 35 Reliability of December Projections 1/ Note: Tables on pages 35 -37 present a record of the December projection and the final Estimate. Using world wheat pr oduction as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0.8 pe rcent. Chances are 9 out of 10 (90% confidence level) that the difference wil l not exceed 1.4 percent. The average difference between the December projection and the final estimate is 4 million tons, ra nging from 0.4 million to 10.2 million tons. The December projection has been below the estimate 28 times and above 9 times . Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 0.8 1.4 4.0 0.4 10.2 28 9 U.S. 0.4 0.7 0.2 0.0 1.2 17 14 Foreign 0.9 1.6 3.9 0.3 10.3 28 9 Exports World 5.2 8.9 5.4 0.1 18.3 30 7 U.S. 5.9 9.9 1.6 0.2 3.9 20 17 Foreign 6.5 11.0 5.3 0.5 17.9 33 4 Domestic Use World 1.2 2.1 5.5 0.1 16.7 21 16 U.S. 6.0 10.1 1.6 0.1 3.6 10 27 Foreign 1.3 2.2 5.5 0.1 16.1 25 12 Ending Stocks World 5.6 9.5 6.9 0.9 19.4 27 10 U.S. 10.7 18.1 1.8 0.1 7.0 25 12 Foreign 5.7 9.7 5.7 0.4 19.3 26 11 COARSE GRAINS 2/ Production World 1.5 2.5 12.2 0.0 36.0 27 10 U.S. 1.3 2.2 2.3 0.0 7.5 19 18 Foreign 2.0 3.5 12.3 0.3 37.5 26 11 Exports World 6.8 11.5 6.5 0.1 33.3 27 10 U.S. 15.4 26.2 5.5 0.1 12.8 17 20 Foreign 12.0 20.3 6.8 0.0 27.1 24 12 Domestic Use World 1.3 2.1 9.9 0.3 36.5 22 15 U.S. 3.6 6.1 4.9 0.1 17.9 17 20 Foreign 1.5 2.5 9.3 0.3 36.9 24 13 Ending Stocks World 11.4 19.4 15.7 1.0 137.6 30 7 U.S. 19.1 32.4 7.3 0.7 23.9 19 18 Foreign 14.8 25.2 14.1 0.1 143.9 30 7 RICE, milled Production World 2.0 3.3 5.7 0.0 16.2 30 7 U.S. 2.9 4.9 0.1 0.0 0.5 18 14 Foreign 2.0 3.4 5.7 0.1 16.2 31 6 Exports World 9.3 15.8 1.7 0.1 6.1 29 8 U.S. 8.1 13.7 0.2 0.0 0.6 19 16 Foreign 10.5 17.8 1.7 0.0 6.0 27 10 Domestic Use World 1.6 2.7 3.8 0.0 15.9 26 11 U.S. 7.9 13.4 0.2 0.0 0.6 18 19 Foreign 1.6 2.7 3.8 0.0 16.1 26 11 Ending Stocks World 10.8 18.4 5.7 0.1 27.9 30 7 U.S. 21.5 36.6 0.2 0.0 0.8 20 17 Foreign 11.1 18.9 5.7 0.2 27.7 30 7 1/ Footnotes at end of table. CONTINUED December 2018 WASDE - 584 - 36 Reliability of December Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 3.8 6.5 5.5 0.1 23.8 21 16 U.S. 2.0 3.4 1.1 0.1 2.7 15 22 Foreign 6.3 10.7 5.6 0.1 25.1 18 19 Exports World 6.9 11.6 3.1 0.1 13.1 23 14 U.S. 9.2 15.5 2.1 0.1 6.4 22 15 Foreign 17.7 30.0 2.8 0.0 11.4 19 18 Domestic Use World 2.8 4.7 3.9 0.0 13.2 20 17 U.S. 3.5 6.0 1.3 0.0 3.6 24 13 Foreign 3.4 5.7 3.6 0.2 11.9 21 16 Ending Stocks World 15.6 26.5 4.4 0.1 18.5 22 15 U.S. 44.8 76.1 2.1 0.2 7.3 10 27 Foreign 17.2 29.2 3.9 0.1 18.3 23 14 COTTON Million 480 -Pound Bales Production World 3.2 5.4 2.4 0.0 7.2 21 15 U.S. 2.1 3.5 0.3 0.0 0.8 18 18 Foreign 3.8 6.4 2.3 0.0 7.1 20 16 Exports World 7.1 12.0 1.9 0.1 9.0 23 14 U.S. 13.9 23.6 0.9 0.0 3.0 24 13 Foreign 9.1 15.5 1.4 0.0 8.3 20 16 Domestic Use World 2.8 4.8 2.2 0.1 8.2 19 18 U.S. 6.1 10.3 0.3 0.0 1.0 19 17 Foreign 2.9 4.9 2.1 0.1 7.9 21 16 Ending Stocks World 11.2 19.0 4.3 0.5 12.0 21 16 U.S. 28.3 48.0 1.1 0.1 3.2 10 27 Foreign 11.8 20.1 4.0 0.1 12.1 25 12 1/ Marketing years 1981/82 through 2017/18 for grains, soybe ans and cotton. Final for grains, soybeans and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2017/18. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. December 201 8 WASDE - 584 - 37 Reliability of United States December Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 1.3 2.2 86 0 250 19 17 Exports 16.1 27.4 195 9 513 17 20 Domestic Use 3.8 6.5 187 14 574 21 16 Ending Stocks 22.0 37.3 287 16 986 19 18 SORGHUM Production 4.2 7.1 15 1 53 19 18 Exports 17.6 29.9 29 0 123 24 12 Domestic Use 19.2 32.6 36 0 127 16 20 Ending Stocks 45.6 77.4 25 1 104 14 23 BARLEY Production 1.5 2.6 4 0 24 15 10 Exports 30.4 51.6 9 0 37 13 21 Domestic Use 7.6 13.0 17 0 70 13 23 Ending Stocks 13.4 22.8 13 0 39 26 9 OAT S Production 1.1 1.9 2 0 18 7 9 Exports 72.9 123.8 1 0 7 9 10 Domestic Use 5.3 9.0 12 1 39 15 22 Ending Stocks 20.6 34.9 14 1 52 24 13 SOYBEAN MEAL Thousand Short Tons Production 3.6 6.0 1,060 152 3,117 23 14 Exports 11.4 19.3 742 100 2,850 22 15 Domestic Use 3.2 5.5 697 50 2,293 19 18 Ending Stocks 34.5 58.5 65 0 253 16 19 SOYBEAN OIL Million Pounds Production 3.5 6.0 467 43 1,530 25 12 Exports 26.9 45.6 324 0 1,325 20 15 Domestic Use 3.7 6.3 447 25 1,761 23 14 Ending Stocks 21.7 36.9 300 1 1,051 23 14 ANIMAL PROD. Million Pounds Beef 3.6 6.1 722 9 2,311 26 10 Pork 3.3 5.6 430 20 1,592 21 15 Broilers 1.8 3.0 390 1 1,346 22 14 Turkeys 3.0 5.1 122 2 407 21 15 Million Dozen Eggs 1.9 3.2 104 3 515 25 11 Billion Pounds Milk 1.5 2.6 1.7 0.0 6.1 18 13 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2017/18 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2017/18. Calendar years 1982 through 2017 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS fo r 1982 -2017. WASDE -584-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 United States Department of Agriculture February 21-22, 2019 Crystal Gateway Marriott Hotel, Arlington, Virginia www.usda.gov/oce/forum Agricultural Outlook Forum USDA’s 95th Annual Growing Locally, Selling Globally Follow us on Social Media (#AgOutlook) @USDA @USDA @usdagov WASDE Notification System Subscribers are notified through GovDelivery when the monthly World Agricultural Supply and Demand Estimates (WASDE) report is available. Previous WASDE reports are available at http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1194 For questions contact: Mirvat Sewadeh at 202 -720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE -584 – December 11, 2018 WASDE Briefing Slides : The briefing slides which accompany today’s WASDE report will be available at http://www.usda.gov/oce/commodity/wasde/ Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e -mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu. Select the “Reports by E -Mail” bar to sign up. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) 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January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554-9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 540 Approved by the World Agricultural Outlook Board April 9, 2015 WHEAT: U.S. wheat ending stocks for 2014/15 are pr ojected 7 million bushels lower with reduced imports and higher domestic use mostly offset by lower exports. Imports are projected 15 million bushels lower (mostly durum) based on available shipment data. Feed and residual use is projected 10 million bushels higher on dis appearance during the December-February and September-November quarters as indicated by March 1 stocks and revisions to December 1 stocks, both from the March 31 Grain Stocks report. The all wheat expor t projection is lowered 20 million bushels on continued strong competition in global markets. This would be the lowest export total since 2009/10. The projec ted season-average farm price r ange for all wheat is raised 10 cents on the low end to $6.00 to $6.10 per bushel. Global 2014/15 wheat supplies are raised 0.8 milli on tons with increased production more than offsetting lower beginning stocks. The largest produc tion increase is for EU, up 0.8 million tons for both 2013/14 and 2014/15 on revised country data. The Pakistan crop for 2014/15 is also raised 0.5 million tons. Global beginning stocks are lower ed 0.9 million tons mostly on an EU increase in wheat feeding for 2013/14. World wheat imports for 2014/15 are raised 1.5 milli on tons mostly on the addition of six African countries (Benin, Malawi, Mali, Namibia, Rwanda, and Uganda) to the official USDA wheat database this month. Global exports are also ra ised 1.5 million tons with EU having by far the biggest increase. EU exports are raised 2 million tons to a record 33.5 million on the continued fast pace of export licenses and the competitiveness of EU supplies to key markets in the Middle East and North Africa. Canada and Russia are each ra ised 0.5 million tons. Canada is raised on a strong pace to date and Russia on expectations that small shipments will continue despite export taxes. Argentina is lowered 1 million t ons on the slow pace of export licenses. Global wheat consumption for 2014/15 is raised 1.3 million tons largely on the addition of the six African countries. Global wheat ending stocks for 2014/15 are lowered 0.5 million tons with large decreases for Canada, EU, and Russia and lar ge increases for Pakistan and Argentina. COARSE GRAINS: U.S. feed grain ending stocks for 2014/15 are projected higher with increases for corn, barley, and oats, only partly offset by a reduction for sorghum. Projected corn ending stocks are raised 50 million bushels with a reducti on in expected feed and residual use reflecting December-February disappearance as indicated by March 1 stocks. Barley feed and residual use is lowered 5 million bushels, also on indications fr om March 1 stocks. Oats stocks are projected higher with a 3-million-bushel increase in impor ts based on the pace of trade to date. The projected range for the corn season-average farm price is narrowed 5 cents on each end to $3.55 to $3.85 per bushel. A number of significant changes are made this month to the 2014/15 U.S. sorghum balance sheet to accommodate the continuing strong demand from Ch ina. Domestic sorghum use is lowered 41 million tons with decreases pr ojected for food, seed, and indus trial (FSI) use and for feed and residual disappearance. FSI use is lowered 16 million bushels reflecting use for ethanol production WASDE-540-2 to date from the Grain Crushings and Co -Products Production report which indicated that use for ethanol dropped to zero in February. Feed and resi dual use is projected 25 million bushels lower. Projected exports are raised 50 million bushels based on the continued strong pace of shipments and large outstanding sales. Ending stocks are expected 9 million bushels lower. The season- average sorghum farm price is pr ojected at $3.85 to $4.15 per bushel, up 10 cents at the midpoint of the range and 30 cents higher than the corn farm price. U.S. sorghum feed and residual use for 2014/15 is projected at 85 million bushels, despite indicated feed and residual disappearance for the fi rst half of the marketing year (September- February) of 154 million bushels. Early harvested 2015-crop sorghum, particularly from Texas, is expected to augment 2014/15 marketing year s upplies and support exports at 350 million bushels during the 2014/15 marketing year that ends August 31. The Prospective Plantings report indicated that Texas producers intend to increase sorghum plantings by 20 percent for 2015. Last year, more than 80 percent of the Texas sorghum cr op was mature by mid-August. These additional supplies, exported before the September 1 start of the new marketing year, push feed and residual use during the second half of 2014/15 (March-August) well into negative territory. These supplies will also boost first-quarter (September-Novem ber) feed and residual disappearance in the 2015/16 marketing year, as in 2014/15. NOTE: For additional information on this month’s sorghum changes see the April 13 Feed Outlook available from the Economic Research Service at www.ers.usda.gov/topics/crops/corn.aspx . Global coarse grain supplies for 2014/15 are projec ted 4.2 million tons higher with much of the increase reflecting higher sorghum and millet output in Sudan. There are a number of smaller changes to corn, sorghum, and millet production in se veral other countries of Sub-Saharan Africa. Elsewhere, corn production is raised for Serbia , Mexico, and Argentina, up 0.9 million tons, 0.8 million tons, and 0.5 million tons, respectively. The change for Serbia is based on the latest government revisions for the crop that was grown last summer. Heavy fall rains delayed harvesting and the final tally for that crop. Production is ra ised for Mexico reflecting the latest government statistics for the crop grown last summer. Increas ed area, exceptional winter rains, and plentiful supplies of irrigation water support prospects for the winter crop that was planted in the final months of 2014. The increase for Argentina is based on early harvest results that suggest very good yields in early planted corn and abundant soil moisture for the later planted corn now in grain fill. In addition to last month’s reduction of 2.0 m illion tons, the South Africa corn crop is lowered an additional 0.2 million tons based on further analysis of weather and satellite imagery. Global coarse grain consumption for 2014/15 is ra ised slightly, mostly on higher sorghum and millet food use for Sudan. China sorghum feed use is also raised, up 1.5 million tons with higher expected sorghum imports from the United States . Indonesia corn feeding is raised 0.4 million tons, more than offsetting a decrease in FSI us e. Lower domestic use of corn, sorghum, and barley in the United States offset much of thes e increases. Global corn trade is raised for 2014/15 with imports higher for Indonesia, China, Iran, Alger ia, Peru, and Colombia. Partly offsetting is a reduction in imports for Mexico with the larger crop. Corn exports are raised for Argentina and Serbia, but lowered for South Africa. Global coar se grain ending stocks are higher with corn stocks projected up 3.2 million tons mostly on increas es for the United States, Indonesia, and China. RICE: U.S. all rice 2014/15 supply and use changes re sult in a 1.5 million cwt increase in ending stocks to 42.4 million, up 33 percent from t he previous year. Long-grain ending stocks are increased 0.5 million to 27.6 million, and comb ined medium- and short-grain ending stocks are increased 1.0 million to 12.5 million. All rice imports are raised 0.5 million (all in long-grain) to 23.5 million as imports from Thailand were strong in February according to the U.S. Census Bureau trade data. No other changes are made on the suppl y side. Total 2014/15 all rice use is lowered 1.0 million cwt to 234.0 million—all in combined medium- and short-grain rice. All rice domestic WASDE-540-3 and residual use is lowered 2.0 million cwt to 129.0 million with long-grain and combined medium- and short-grain each reduced 1.0 m illion to 98.0 million and 31.0 million, respectively. Partially offsetting the decrease in domestic and residual use is a 1.0 million cwt increase in all rice exports to 105.0 million (all in long-grain) as exports incr eased recently to Western Hemisphere markets. Long-grain exports are forecast at 73.0 million cwt, and combined medium- and short-grain exports at 32.0 million. The decrease in 2014/15 all rice domestic and residual use is based primarily on total use implied from USDA’s Rice Stocks report on March 31. USDA’s March 1 rice stocks were higher than expected and above trade expectations. All rice March 1 stocks totaled 120.8 million cwt (rough- equivalent basis), up 24 percent from the previ ous year, and the highest since 2011. Implied all rice domestic and residual use for December-February 2014/15 was down 8 percent from the previous market year, and 5 percent bel ow the previous 4-year average. The 2014/15 long-grain season-average price at the midpoint is pr ojected at $12.30 per cwt, down 20 cents per cwt from a month ago and down $3.10 per cwt from last year. The all combined medium- and short-grain season-aver age price at the midpoint is forecast at $18.60 per cwt, up 10 cents per cwt from last month, but 60 cents per cwt below a year ago. The California medium- and short-grain rice price is raised slightly from last month and the Other States price is unchanged. The all rice price at the midpoint is projected at $14.20 per cwt, down 10 cents per cwt from last month, and $2.10 per cwt below 2013/14. Global 2014/15 rice ending stocks are increased 0.9 m illion tons as the decr ease in use adds to a slight increase in supplies. Global consumpti on (includes residual) is lowered nearly 0.65 million tons as projected use is lowe red for Indonesia, Japan, and the Unit ed States, partially offset by increases for Pakistan and Thailand. Total rice supplies in 2014/15 are increased 0.3 million tons due to an increase in beginning stocks (+0.6 million) more than offsetting a reduction in production (-0.3 million). The rise in global beginning stocks is due primarily to increases for Japan, Pakistan, and Taiwan. The reduction in global 2014/15 rice production results mainly from decreases for Indonesia, Vietnam, and Sub-Saharan Africa, partially offset by an increase for Pakistan. Global rice exports for 2014/15 are lowered slightly due to reductions for Egypt, Japan, and Pakistan, partially offset by increases for Brazil, and the Un ited States. Imports are lowered slightly for Sub- Saharan Africa and the Middle East, but raised for the United States. OILSEEDS: U.S. soybean supplies for 2014/15 are proj ected at 4,091 million bushels, up 5 million on increased imports. Soybean exports and crus h projections are unc hanged at 1,790 million and 1,795 million bushels, respectively. Seed use is raised in line with the record plantings indicated in the March 31 Prospective Plantings report, and residual use is rais ed based on indications from the March 31 Grain Stocks report. U.S. soybean ending stocks are projected at 370 million bushels, down 15 million from last month. Soybean oil supplies are increased this month with higher imports more than offsetting slightly lower production resulting from a lower oil extr action rate. Soybean oil domestic disappearance is raised on increased food use which offsets reductions for palm oil and canola oil consumption. Despite lower projected soybean oil exports, ending stocks are projected at 1.38 billion pounds, down 125 million from last month. Projected prices for soybeans and soybean oil are reduced this m onth. The range for the season- average soybean price is lowered 10 cents at t he midpoint to $9.60 to $10.60 per bushel based on marketings to date and lower expected prices for the second half of the marketing year. Soybean oil prices are project ed at 30 to 33 cents per pound, down 0.5 cents at the midpoint. Soybean meal prices are projected at $355 to $385 per short ton, unchanged at the midpoint. WASDE-540-4 Global oilseed production for 2014/15 is projected at a record 532.8 million tons, up 0.6 million from last month. Gains for soybeans, rapeseed, and s unflowerseed more than offset lower projections for peanuts, copra, palm kernel, and cottonseed. Global soybean production is projected at 315.5 million tons, up 0.4 million from last month. Ar gentina soybean production is forecast at 57.0 million tons, up 1.0 million from last month on higher yiel ds resulting from favorable rainfall and mild temperatures across much of the growing area. India soybean production is reduced 0.7 million tons to 9.8 million reflecting below average yi elds resulting from an unusually short monsoon season. Uruguay soybean production is raised this month on higher harvested area. Changes for other crops include higher rapes eed production for India; higher sunflowerseed production for Argentina, Bolivia, and Russia; lower peanut production for Vietnam; lower cottonseed production for India and Australia; and lower copra production for the Philippines. Palm oil production is reduced for Malaysia on excessive rainfall in December and January and also for Thailand on dry conditions in the s outhern producing areas. SUGAR: U.S. 2014/15 beginning sugar stocks are incr eased 13,874 short tons, raw value (STRV) to 1.810 million based on revised processors’ estimates of 2013/14 cane sugar production and other miscellaneous adjustments that resulted in an increase to the ending stocks estimate for 2013/14. Imports for 2014/15 are increased by 36, 524 STRV to 3.464 million, stemming mostly from sugar entering under free tr ade agreements that was previously expected to be imported in the first quarter of 2015/16. With no other c hanges, the 2014/15 ending stocks projection rises by 50,398 STRV to 1.700 million, implying a 13.9 percent ending stocks-to-use ratio. Mexico 2014/15 sugar production is reduced by 101,372 metric tons (MT) to 6.050 million due to a slower than anticipated production pac e, especially in the state of Veracruz that has experienced excessive precipitation in the first 3 months of 2015, with especially severe weather in March. Deliveries for human consumption are increased by 50,000 MT to 4.250 million, based on a strong pace-to-date through February. Ex ports to destinations other t han the United States are reduced by 125,000 MT to 200,000 because of much lower world raw sugar prices than existed when certain contracts for export were originally negotiated. Exports to the United States are still forecast at 1.306 million MT, the maximum amount as set under the terms of the Agreement Suspending the Countervailing Duty Investigations on Sugar from Mexico, dated December 19, 2014. Ending stocks are projected residually at 975,069 MT , an increase of 26,372 from last month. LIVESTOCK, POULTRY, AND DAIRY: The 2015 forecast of total red meat and poultry production is raised from last month as higher beef and pork production more than offset lower turkey production. The forecast for broiler producti on is unchanged. Beef is higher on greater cow slaughter and heavier carcass weights. Pork pr oduction is increased on hi gher-than-expected first- quarter slaughter and expectations of la rger second-half slaughter. USDA’s Quarterly Hogs and Pigs report, released on March 27, estimated t he December-February pig crop was 9 percent higher and indicated that producers intend to farrow 2 percent more sows in March-May. Turkey production is reduced based on slaught er and hatchery data to date. The egg production forecast is lowered based on recent hatchery data. The 2015 beef import forecast is raised from last month as demand for processing grade beef remains strong and strength of the dollar makes the United States an attractive market. Beef exports for 2015 are raised based on trade data to date. Pork exports are unchanged from last month, but the forecast for imports is raised as the strong dollar makes the United States an attractive market despite larger pr oduction. The broiler export forecast is lowered. The recovery in exports after U.S.-wide highly pathogenic avian influenza (HPAI)-related restrictions has been limited by weak economic growth in a number of ke y markets and the strong dollar. Turkey exports WASDE-540-5 are also reduced as the strength of the dollar make s it difficult to expand exports in the face of HPAI restrictions from a number of count ries. The egg export forecast is unchanged. Cattle prices for 2015 are raised as demand for fed ca ttle remains strong. The hog price forecast is reduced as greater produc tion pressures prices. Broiler pr ices are unchanged at the midpoint. Turkey prices are lowered. The egg price is raised on strong demand and slightly lower production. The milk production forecast for 2015 is lowered from last month as growth in output per cow is constrained by dry conditions in the West. Fat basis imports ar e raised on demand for butterfat, but skim-solids imports are unchanged. Ex ports are hampered by relatively weak international prices and the strong dollar; thus forecasts for both fat and skim-solids are reduced from last month. Product price forecasts for butter and cheese are raised on domestic demand strength. However, relatively weak exports of nonfat dry milk (NDM) ar e expected to pressure prices lower. The whey price forecast is unchanged. The Class III price is raised on the strength of cheese prices, but the Class IV price is reduced as a lower NDM price more than offsets a higher butter price. The all milk price is forecast at $17.10 to $17.60 per cwt. COTTON: The U.S. 2014/15 cotton supply and demand estimates include higher production and ending stocks relative to last month. Production is raised to 16.3 million bales to reflect the USDA’s final Cotton Ginnings report, released March 25, 2015. With no revisions to domestic mill use or exports, ending stocks are raised 200,000 bales to 4. 4 million. The range of 59 to 61 cents per pound for the estimated marketing year average pr ice received by producer s is reduced 1 cent on the upper end, based on prices to date. The aggregate 2014/15 world supply and demand estimates show very marginal changes from last month. World production is virtually the same at 119 million bales, as decreases for India and Uzbekistan are offset by incr eases for the United States, Mexico, Pakistan, and others. Consumption is raised marginally, as increases for India, Vietnam, and Pakistan are mostly offset by reductions for Turkey, Brazil, Hong Kong, and ot hers. World trade is lowered slightly, including increases in imports by China and Vietnam and r eductions for several other countries. Global stocks of 110 million bales are virtually unchanged from last month. Approved by the Secretary of Agriculture and the Acting Chairperson of the World Agricultural Outlook Board, David Stallings, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: KARIS T. GUTTER SECRETARY OF AGRICULTURE DESIGNATE WASDE-540-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Jerry Norton, ICEC Chair, WAOB, E-mail : [email protected] Gary Vocke, ERS; Teresa McKeivier, FAS; Tom Tice, FSA. Rice: Andrew C. Aaronson, ICEC Chair, WAOB, E-mail : [email protected] Nathan Childs, ERS; Yoonhee Macke, FAS; Mark Simone, FSA. Feed Grains: Jerry Norton, IC EC Chair, WAOB, E-mail : [email protected] Thomas Capehart, ERS; Richard O’M eara, FAS; Pete Riley, FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail : [email protected] Mark Ash, ERS; Bill George , FAS; Phil Sronce, FSA. Cotton: Carol Skelly, ICEC Chair, WAOB, E-mail : [email protected] Darryl Earnest, AMS; Leslie Meyer, ERS; Ja mes Johnson, FAS; Scott Sanford, FSA. Sugar: Stephen Haley, ICEC Chair, WAOB, E-mail : [email protected] Michael McConnell, ERS; Ron Lord, FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Sherry Wise, AMS; Kenneth Mathews, ERS; Cla ire Mezoughem, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Larry Haller, AMS; David Harvey, ERS; Clair e Mezoughem, FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Uthra Raghunathan, AMS; Jerry Cessna, ERS; P aul Kiendl, FAS; Milton Madison, FSA. In 2015, the WASDE report will be released on Jan. 12, Feb. 10, Mar. 10, Apr. 9, May 12, Jun. 10, Jul. 10, Aug. 12, Sep. 11, Oct. 9, Nov. 10, Dec. 9. WASDE-540-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................... 1 Interagency Commodity Estimates Committees ..................................................... 6 World & U.S. Supply & Use for Grains ................................................................... 8 World & U.S. Supply & Use for Cotton ................................................................... 9 World & U.S. Supply & Use for Oilseeds ............................................................. 10 U.S. Wheat Supply & Use .................................................................................... 11 U.S. Wheat Supply & Use by Class ..................................................................... 11 U.S. Feed Grain & Corn Supply & Use ................................................................ 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13 U.S. Rice Supply & Use ....................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................ 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ............................................................................. 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use ................................................................................. 18 World Coarse Grains Supply & Use ..................................................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use..................................................................................... 24 World Cotton Supply & Use ................................................................................. 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ..................................................................... 29 World Soybean Oil Supply & Use ........................................................................ 30 U.S. Quarterly Animal Product Production ........................................................... 31 U.S. Quarterly Prices for Animal Products ........................................................... 31 U.S. Meats Supply and Use ................................................................................. 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use .................................................................................... 33 U.S. Dairy Prices ................................................................................................. 34 Reliability Tables ................................................................................................. 35 Related USDA Reports ........................................................................................ 38 Metric Conversion Factors ................................................................................... 38 Electronic Access and Subscriptions ....................................................................... 40 April 2015 WASDE - 540 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World OutputTotal Supply Trade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2012/13 2266.84 2736.68 299.56 2284.41 452.27 2013/14 (Est.) 2473.09 2925.36 371.60 2424.12 501.24 filler filler filler filler filler 2014/15 (Proj.) Mar 2474.65 2977.30 358.97 2462.89 514.41 2014/15 (Proj.) Apr 2481.31 2982.55 362.54 2464.00 518.55 filler filler filler filler filler Wheat 2012/13 658.72 855.56 137.36 679.96 175.59 2013/14 (Est.) 716.82 892.42 165.80 705.84 186.57 filler filler filler filler filler 2014/15 (Proj.) Mar 724.76 912.25 160.57 714.53 197.71 2014/15 (Proj.) Apr 726.45 913.03 162.03 715.82 197.21 filler filler filler filler filler Coarse Grains 5/ 2012/13 1136.19 1302.38 122.88 1135.93 166.45 2013/14 (Est.) 1279.39 1445.84 164.00 1238.18 207.65 filler filler filler filler filler 2014/15 (Proj.) Mar 1275.03 1483.74 155.83 1264.68 219.06 2014/15 (Proj.) Apr 1280.26 1487.92 158.23 1265.15 222.77 filler filler filler filler filler Rice, milled 2012/13 471.94 578.74 39.33 468.52 110.22 2013/14 (Est.) 476.88 587.11 41.80 480.09 107.01 filler filler filler filler filler 2014/15 (Proj.) Mar 474.86 581.31 42.58 483.68 97.64 2014/15 (Proj.) Apr 474.60 581.61 42.29 483.03 98.58 filler filler filler filler filler United States Output Total SupplyTrade 2 /Total Use 3/Ending Stocks Total Grains 4/ 2012/13 352.96 412.94 51.63 317.09 44.23 2013/14 (Est.) 431.31 484.09 89.42 343.27 51.40 filler filler filler filler filler 2014/15 (Proj.) Mar 439.32 498.91 81.46 349.46 67.99 2014/15 (Proj.) Apr 439.32 498.56 82.22 347.28 69.06 filler filler filler filler filler Wheat 2012/13 61.30 84.85 27.54 37.77 19.54 2013/14 (Est.) 58.11 82.23 32.01 34.15 16.07 filler filler filler filler filler 2014/15 (Proj.) Mar 55.13 75.55 24.49 32.25 18.80 2014/15 (Proj.) Apr 55.13 75.14 23.95 32.57 18.63 filler filler filler filler filler Coarse Grains 5/ 2012/13 285.31 319.77 20.70 275.54 23.53 2013/14 (Est.) 367.09 393.85 54.42 305.11 34.31 filler filler filler filler filler 2014/15 (Proj.) Mar 377.12 414.53 53.64 313.01 47.88 2014/15 (Proj.) Apr 377.12 414.58 54.91 310.59 49.08 filler filler filler filler filler Rice, milled 2012/13 6.35 8.32 3.39 3.78 1.16 2013/14 (Est.) 6.12 8.01 2.99 4.00 1.03 filler filler filler filler filler 2014/15 (Proj.) Mar 7.07 8.82 3.33 4.19 1.31 2014/15 (Proj.) Apr 7.07 8.84 3.36 4.13 1.36 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, ba rley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). April 2015 WASDE - 540 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ OutputTotal Supply Trade 2 /Total UseEnding Stocks Total Grains 4/ 2012/13 1,913.88 2,323.74 247.93 1,967.32 408.04 2013/14 (Est.) 2,041.78 2,441.27 282.18 2,080.85 449.84 filler filler filler filler filler 2014/15 (Proj.) Mar 2,035.33 2,478.39 277.52 2,113.44 446.42 2014/15 (Proj.) Apr 2,041.99 2,483.99 280.32 2,116.71 449.49 filler filler filler filler filler Wheat 2012/13 597.42 770.71 109.82 642.20 156.06 2013/14 (Est.) 658.72 810.18 133.79 671.69 170.51 filler filler filler filler filler 2014/15 (Proj.) Mar 669.63 836.70 136.08 682.28 178.91 2014/15 (Proj.) Apr 671.32 837.88 138.08 683.25 178.58 filler filler filler filler filler Coarse Grains 5/ 2012/13 850.87 982.61 102.18 860.39 142.92 2013/14 (Est.) 912.30 1,051.99 109.57 933.07 173.34 filler filler filler filler filler 2014/15 (Proj.) Mar 897.91 1,069.21 102.19 951.67 171.18 2014/15 (Proj.) Apr 903.14 1,073.33 103.32 954.56 173.68 filler filler filler filler filler Rice, milled 2012/13 465.59 570.42 35.94 464.74 109.07 2013/14 (Est.) 470.76 579.10 38.82 476.10 105.99 filler filler filler filler filler 2014/15 (Proj.) Mar 467.79 572.49 39.26 479.48 96.33 2014/15 (Proj.) Apr 467.53 572.77 38.93 478.90 97.22 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world mi nus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales OutputTotal Supply Trade 2 /Total Use 3 /Ending Stocks World 2012/13 123.63 197.27 46.65 107.73 90.04 2013/14 (Est.) 120.43 210.47 40.74 109.02 101.82 2014/15 (Proj.) Mar 119.24 220.95 34.42 110.96 110.06 2014/15 (Proj.) Apr 119.23 221.05 34.26 111.05 110.09 United States 2012/13 17.31 20.67 13.03 3.50 3.80 2013/14 (Est.) 12.91 16.72 10.53 3.55 2.45 2014/15 (Proj.) Mar 16.08 18.54 10.70 3.65 4.20 2014/15 (Proj.) Apr 16.30 18.76 10.70 3.65 4.40 Foreign 4/ 2012/13 106.32 176.60 33.62 104.23 86.24 2013/14 (Est.) 107.52 193.75 30.21 105.47 99.37 2014/15 (Proj.) Mar 103.16 202.41 23.72 107.31 105.86 2014/15 (Proj.) Apr 102.93 202.29 23.56 107.40 105.69 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. April 2015 WASDE - 540 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World OutputTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2012/13 475.54 542.99 118.12 397.01 69.24 2013/14 (Est.) 504.66 573.90 133.66 418.96 80.68 2014/15 (Proj.) Mar 532.20 612.74 136.81 431.94 103.32 2014/15 (Proj.) Apr 532.77 613.44 137.06 432.18 103.41 Oilmeals 2012/13 268.72 281.24 78.23 264.41 11.31 2013/14 (Est.) 282.17 293.48 82.12 277.03 12.62 2014/15 (Proj.) Mar 293.80 306.36 85.77 288.83 12.97 2014/15 (Proj.) Apr 293.91 306.54 85.73 288.79 13.08 Vegetable Oils 2012/13 161.14 179.20 68.54 157.69 17.84 2013/14 (Est.) 171.26 189.09 70.31 166.34 18.81 2014/15 (Proj.) Mar 175.65 193.89 70.91 173.27 17.66 2014/15 (Proj.) Apr 174.96 193.76 71.05 173.27 17.33 United States Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2012/13 93.32 100.70 36.87 50.23 5.76 2013/14 (Est.) 99.02 107.95 45.79 51.47 3.95 2014/15 (Proj.) Mar 117.34 122.99 49.74 53.19 11.98 2014/15 (Proj.) Apr 117.34 123.13 49.75 53.10 11.54 Oilmeals 2012/13 38.69 42.42 10.49 31.61 0.31 2013/14 (Est.) 39.40 43.47 10.78 32.40 0.29 2014/15 (Proj.) Mar 41.65 45.54 11.90 33.31 0.34 2014/15 (Proj.) Apr 41.61 45.59 11.90 33.35 0.34 Vegetable Oils 2012/13 10.23 15.57 1.39 13.03 1.16 2013/14 (Est.) 10.44 15.62 1.12 13.53 0.98 2014/15 (Proj.) Mar 10.68 15.79 1.16 13.51 1.11 2014/15 (Proj.) Apr 10.66 15.60 1.09 13.46 1.06 filler filler filler filler filler Foreign 3/ Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2012/13 382.22 442.29 81.25 346.78 63.48 2013/14 (Est.) 405.64 465.95 87.87 367.49 76.73 2014/15 (Proj.) Mar 414.86 489.75 87.07 378.75 91.34 2014/15 (Proj.) Apr 415.42 490.32 87.32 379.08 91.87 Oilmeals 2012/13 230.04 238.82 67.74 232.80 11.00 2013/14 (Est.) 242.76 250.01 71.34 244.63 12.33 2014/15 (Proj.) Mar 252.15 260.82 73.87 255.53 12.63 2014/15 (Proj.) Apr 252.30 260.95 73.83 255.44 12.74 Vegetable Oils 2012/13 150.91 163.63 67.15 144.66 16.68 2013/14 (Est.) 160.82 173.48 69.19 152.82 17.83 2014/15 (Proj.) Mar 164.97 178.10 69.74 159.76 16.55 2014/15 (Proj.) Apr 164.30 178.16 69.96 159.81 16.27 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. April 2015 WASDE - 540 - 11 U.S. Wheat Supply and Use 1/ 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Mar Apr Million Acres Area Planted 55.3 56.2 56.8 56.8 Area Harvested 48.8 45.3 46.4 46.4 Bushels Yield per Harvested Acre 46.2 47.1 43.7 43.7 Million Bushels Beginning Stocks 743 718 590 590 Production 2,252 2,135 2,026 2,026 Imports 123 169 160 145 Supply, Total 3,118 3,021 2,776 2,761 Food 951 955 960 960 Seed 73 77 75 77 Feed and Residual 364 223 150 160 Domestic, Total 1,388 1,255 1,185 1,197 Exports 1,012 1,176 900 880 Use, Total 2,400 2,431 2,085 2,077 Ending Stocks 718 590 691 684 CCC Inventory 0000 Free Stocks 718 590 691 684 Outstanding Loans 8 8 45 45 Avg. Farm Price ($/bu) 2/ 7.77 6.87 5.90 - 6.10 6.00 - 6.10 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red WinterHard Red SpringSoft Red Winter White Durum Total Millio n Bushel s 2013/14 (Est.) Beginning Stocks 343 165 124 63 23 718 Production 747 491 568 271 58 2,135 Supply, Total 3/ 1,109 733 713 341 125 3,021 Domestic Use 426 318 318 120 73 1,255 Exports 446 246 283 171 31 1,176 Use, Total 872 564 600 291 103 2,431 Ending Stocks, Total 237 169 113 50 22 590 2014/15 (Proj.) Beginning Stocks 237 169 113 50 22 590 Production 738 556 455 224 53 2,026 Supply, Total 3/ 985 790 583 284 120 2,761 Domestic Use 438 310 275 100 74 1,197 Exports 275 290 140 145 30 880 Use, Total 713 600 415 245 104 2,077 Ending Stocks, Total Apr 272 190 169 38 16 684 Ending Stocks, Total Mar 268 189 185 33 16 691 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketi ng-year weighted average price received by farmers. 3/ Includes imports. April 2015 WASDE - 540 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Mar Apr Million Acres Area Planted 109.9 109.9 103.4 103.4 Area Harvested 96.6 98.1 93.0 93.0 Metric Tons Yield per Harvested Acre 2.95 3.74 4.05 4.05 Million Metric Tons Beginning Stocks 27.8 23.5 34.3 34.3 Production 285.1 366.9 376.9 376.9 Imports 6.4 3.0 2.9 2.9 Supply, Total 319.4 393.4 414.1 414.2 Feed and Residual 115.1 133.3 139.9 137.9 Food Seed & Industrial 160.1 171.4 172.7 172.3 Domestic, Total 275.2 304.7 312.6 310.2 Exports 20.7 54.4 53.6 54.9 Use, Total 295.8 359.1 366.2 365.1 Ending Stocks 23.5 34.3 47.9 49.1 CCC Inventory 0.0 0.0 0.0 0.0 Free Stocks 23.5 34.3 47.9 49.1 Outstanding Loans 0.8 2.0 5.9 5.9 CORN 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Marc h April Million Acres Area Planted 97.3 95.4 90.6 90.6 Area Harvested 87.4 87.5 83.1 83.1 Bushels Yield per Harvested Acre 123.1 158.1 171.0 171.0 Million Bushels Beginning Stocks 989 821 1,232 1,232 Production 10,755 13,829 14,216 14,216 Imports 160 36 25 25 Supply, Total 11,904 14,686 15,472 15,472 Feed and Residual 4,315 5,036 5,300 5,250 Food, Seed & Industrial 2/ 6,038 6,501 6,595 6,595 Ethanol & by-products 3/ 4,641 5,134 5,200 5,200 Domestic, Total 10,353 11,537 11,895 11,845 Exports 730 1,917 1,800 1,800 Use, Total 11,083 13,454 13,695 13,645 Ending Stocks 821 1,232 1,777 1,827 CCC Inventory 0000 Free Stocks 821 1,232 1,777 1,827 Outstanding Loans 32 76 230 230 Avg. Farm Price ($/bu) 4/ 6.89 4.46 3.50 - 3.90 3.55 - 3.85 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see F eed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data-p roducts/feed-grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn glut en feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. April 2015 WASDE - 540 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Mar Apr Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 6.3 8.1 7.1 7.1 Area Harvested (mil. acres) 5.0 6.6 6.4 6.4 Yield (bushels/acre) 49.6 59.6 67.6 67.6 Beginning Stocks 23 15 34 34 Production 248 392 433 433 Imports 1 0000 Supply, Total 280 408 467 467 Feed and Residual 94 92 110 85 Food, Seed & Industrial 95 70 30 14 Total Domestic 189 162 140 99 Exports 76 212 300 350 Use, Total 265 374 440 449 Ending Stocks 15 34 27 18 Avg. Farm Price ($/bu) 2/ 6.33 4.28 3.70 - 4.10 3.85 - 4.15 Filler Filler Filler Filler Filler BARLEY 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Marc h April Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.7 3.5 3.0 3.0 Area Harvested (mil. acres) 3.3 3.0 2.4 2.4 Yield (bushels/acre) 66.9 71.3 72.4 72.4 Beginning Stocks 60 80 82 82 Production 219 217 177 177 Imports 23 19 23 23 Supply, Total 302 316 282 282 Feed and Residual 66 65 45 40 Food, Seed & Industrial 147 155 152 152 Total Domestic 213 219 197 192 Exports 91 41 21 2 Use, Total 222 234 209 204 Ending Stocks 80 82 73 78 Avg. Farm Price ($/bu) 2/ 6.43 6.06 5.20 - 5.50 5.25 - 5.35 Filler Filler Filler Filler Filler OATS 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Marc h April Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.7 3.0 2.7 2.7 Area Harvested (mil. acres) 1.0 1.0 1.0 1.0 Yield (bushels/acre) 61.2 64.1 67.7 67.7 Beginning Stocks 55 36 25 25 Production 61 65 70 70 Imports 93 97 100 103 Supply, Total 209 198 194 197 Feed and Residual 96 97 85 85 Food, Seed & Industrial 76 75 77 77 Total Domestic 172 172 162 162 Exports 1222 Use, Total 173 173 164 164 Ending Stocks 36 25 30 33 Avg. Farm Price ($/bu) 2/ 3.89 3.75 3.15 - 3.35 3.20 - 3.30 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing y ear beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. April 2015 WASDE - 540 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Mar Apr Million Acres Area Planted 2.70 2.49 2.94 2.94 Area Harvested 2.68 2.47 2.92 2.92 Filler Pounds Yield per Harvested Acre 7,463 7,694 7,572 7,572 Million Hundredweight Beginning Stocks 2/ 41.1 36.4 31.8 31.8 Production 199.9 190.0 221.0 221.0 Imports 21.1 23.1 23.0 23.5 Supply, Total 262.1 249.5 275.9 276.4 Domestic & Residual 3/ 119.0 124.9 131.0 129.0 Exports, Total 4/ 106.6 92.7 104.0 105.0 Rough 34.1 28.6 35.0 35.0 Milled (rough equiv.) 72.5 64.1 69.0 70.0 Use, Total 225.7 217.6 235.0 234.0 Ending Stocks 36.4 31.8 40.9 42.4 Avg. Milling Yield (%) 5/ 70.00 71.00 70.50 70.50 Avg. Farm Price ($/cwt) 6/ 15.10 16.30 14.00 - 14.60 14.00 - 14.40 Total LONG-GRAIN RICE 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Marc h April Harvested Acres (mil.) 1.98 1.77 2.19 2.19 Yield (pounds/acre) 7,291 7,464 7,408 7,408 Beginning Stocks 24.3 21.9 16.2 16.2 Production 144.3 131.9 162.4 162.4 Supply, Total 7/ 187.3 173.3 198.1 198.6 Domestic & Residual 3/ 89.6 95.3 99.0 98.0 Exports 8/ 75.8 61.8 72.0 73.0 Use, Total 165.4 157.1 171.0 171.0 Ending Stocks 21.9 16.2 27.1 27.6 Avg. Farm Price ($/cwt) 6/ 14.50 15.40 12.20 - 12.80 12.10 - 12.50 Filler Filler Filler Filler Filler MEDIUM & SHORT-GRAIN RICE 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Marc h April Harvested Acres (mil.) 0.70 0.70 0.73 0.73 Yield (pounds/acre) 7,951 8,270 8,068 8,068 Beginning Stocks 14.7 12.2 13.3 13.3 Production 55.7 58.1 58.7 58.7 Supply, Total 7/ 72.5 73.8 75.5 75.5 Domestic & Residual 3/ 29.4 29.6 32.0 31.0 Exports 8/ 30.8 30.9 32.0 32.0 Use, Total 60.3 60.5 64.0 63.0 Ending Stocks 12.2 13.3 11.5 12.5 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 17.40 19.20 18.10 - 18.90 18.40 - 18.80 California 10/ 18.40 20.70 19.80 - 20.80 20.20 - 20.60 Other States 1/ 14.70 15.70 14.80 - 15.40 14.90 - 15.30 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2012/13-2.1; 2013/14-2.3; 2014/15-2.3. 3/ Residual includes unreported use, processing losses, an d estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice export s are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. Data supplied by the USA Rice Federation for years prior to 2013/14. The 2013/14 milling yield is calculated using Farm Service Agency (FSA) warehouse stored loan data for long, medium, and short grain rice. The year-to-year change in the FSA average all rice milling yield is applied to the WASDE reported 2012/13 milling yield to calculate the 2013/14 forecasted average milling yield. The 2014/15 milling yield is calcula ted using the previous five-year Olympic average-- 2009/10-2013/14. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9 / The medium/short-grain season-average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is markete d for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.65 per cwt from 2008/09-2013/14, with a high of $3.50 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. April 2015 WASDE - 540 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Mar Apr Filler Filler Filler Filler Filler Million Acres Area Planted 77.2 76.8 83.7 83.7 Area Harvested 76.1 76.3 83.1 83.1 Filler Bushels Yield per Harvested Acre 40.0 44.0 47.8 47.8 Million Bushels Beginning Stocks 169 141 92 92 Production 3,042 3,358 3,969 3,969 Imports 41 72 25 30 Supply, Total 3,252 3,570 4,086 4,091 Crushings 1,689 1,734 1,795 1,795 Exports 1,317 1,647 1,790 1,790 Seed 89 97 92 98 Residual 1 6 02 43 8 Use, Total 3,111 3,478 3,701 3,721 Ending Stocks 141 92 385 370 Avg. Farm Price ($/bu) 2/ 14.40 13.00 9.45 - 10.95 9.60 - 10.60 Total SOYBEAN OIL 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Marc h April Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 2,540 1,705 1,165 1,165 Production 4/ 19,820 20,130 20,580 20,565 Imports 196 165 160 200 Supply, Total 22,555 22,000 21,905 21,930 Domestic Disappearance 18,687 18,958 18,350 18,650 Biodiesel 3/ 4,689 5,010 4,700 4,700 Food, Feed & other Industrial 13,998 13,949 13,650 13,950 Exports 2,164 1,877 2,050 1,900 Use, Total 20,850 20,835 20,400 20,550 Ending stocks 1,705 1,165 1,505 1,380 Avg. Price (c/lb) 2/ 47.13 38.23 30.00 - 34.00 30.00 - 33.00 Total SOYBEAN MEAL 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Marc h April Filler 1 2 3 4 Thousand Shor t Tons Beginning Stocks 300 275 250 250 Production 4/ 39,875 40,685 43,100 43,100 Imports 245 336 250 250 Supply, Total 40,420 41,296 43,600 43,600 Domestic Disappearance 28,969 29,496 30,500 30,500 Exports 11,176 11,550 12,800 12,800 Use, Total 40,145 41,046 43,300 43,300 Ending Stocks 275 250 300 300 Avg. Price ($/s.t.) 2/ 468.11 489.94 350.00 - 390.00 355.00 - 385.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oi l, simple average of crude soybean oil, Decatur; meal , simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made fr om methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 1,725 million bushels for 2013 /14 and 1,815 million bushels for 2014/15. April 2015 WASDE - 540 - 16 U.S. Sugar Supply and Use 1/ 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Mar Apr Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 1,979 2,158 1,796 1,810 Production 2/ 8,982 8,462 8,645 8,645 Beet Sugar 5,076 4,794 4,870 4,870 Cane Sugar 3,906 3,667 3,775 3,775 Florida 1,867 1,763 1,950 1,950 Hawaii 179 168 180 180 Louisiana 1,686 1,591 1,520 1,520 Texas 173 145 125 125 Imports 3,224 3,742 3,428 3,464 TRQ 3/ 957 1,302 1,492 1,528 Other Program 4/ 136 305 400 400 Other 5/ 2,131 2,135 1,536 1,536 Mexico 2,124 2,130 1,526 1,526 Total Supply 14,184 14,362 13,868 13,919 Exports 274 306 225 225 Deliveries 11,752 12,246 11,994 11,994 Food 6/ 11,487 11,819 11,859 11,859 Other 7/ 265 427 135 135 Miscellaneous 0000 Total Use 12,026 12,552 12,219 12,219 Ending Stocks 8/ 2,158 1,810 1,650 1,700 Stocks to Use Ratio 17.9 14.4 13.5 13.9 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2013/14 and 2014/15 are based on Crop Production and processor projec tions where appropriate. 3/ For 2014/15, WTO raw sugar TRQ shortfall (99). For 2013/14, WTO raw sugar TRQ shortfa ll (237). 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ For 2012/13, other high-tier (7) and other (0). For 2013/14, other high-tier (5) and other (0). For 2014/ 15, other high-tier (10) and other (0). 6/Combines SMD deliverie s for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar-containing products for reexport, and for nonedible alcohol, feed, and ethanol. 8/ For 2012/13, includes 316 ,415 short tons, raw value, of stocks held by the Commodity Credit Corporation. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ ExportsEnding Stocks Sugar 1,000 Metric Tons, Actual Weight 2013/14 Est. Mar 1,460 6,021 131 4,271 2,511 831 2013/14 Est. Apr 1,460 6,021 131 4,271 2,511 831 2014/15 Proj. Mar 831 6,151 174 4,524 1,631 1,001 2014/15 Proj. Apr 831 6,050 174 4,574 1,506 975 1/ HFCS imports by Mexico (1,000 metric tons, dry basi s): Oct-Sep 2013/14 = 913, Oct-Feb 2013/14 = 354, Oct-Feb 2014/15 = 368 . Footnote source: Comite Nacional para el Desarollo Sustenta ble de la Cana de Azucar. 2/Includes domestic consumption, Mexico's products export program (IMMEX), and any residual st atistical discrepancies. IMMEX: 2013/14 (324 est), 2014/15 (324 proj). Statistical Adjustment: 2013/14 (-151), 2014/15 (0). April 2015 WASDE - 540 - 17 U.S. Cotton Supply and Use 1/ 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Mar Apr Filler Filler Filler Filler Filler Area Million Acres Planted 12.26 10.41 11.04 11.04 Harvested 9.32 7.54 9.71 9.71 Filler Pounds Yield per Harvested Acre 892 821 795 806 Million 480 Pound Bales Beginning Stocks 3.35 3.80 2.45 2.45 Production 17.31 12.91 16.08 16.30 Imports 0.01 0.01 0.01 0.01 Supply, Total 20.67 16.72 18.54 18.76 Domestic Use 3.50 3.55 3.65 3.65 Exports, Total 13.03 10.53 10.70 10.70 Use, Total 16.53 14.08 14.35 14.35 Unaccounted 2/ 0.35 0.19 -0.01 0.01 Ending Stocks 3.80 2.45 4.20 4.40 Avg. Farm Price 3/ 72.5 77.9 59.0 - 62.0 59.0 - 61.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the differe nce between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. April 2015 WASDE - 540 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 196.84 658.72 145.29 136.98 679.96 137.36 175.59 United States 20.21 61.30 3.34 9.90 37.77 27.54 19.54 Total Foreign 176.63 597.42 141.95 127.08 642.20 109.82 156.06 Major Exporters 4/ 27.23 193.31 5.91 59.06 141.79 63.85 20.81 Argentina 0.73 9.30 0.00 0.30 6.20 3.55 0.29 Australia 7.05 22.86 0.14 3.40 6.74 18.66 4.65 Canada 5.93 27.21 0.48 4.36 9.60 18.97 5.05 European Union 5/ 13.52 133.95 5.28 51.00 119.25 22.68 10.82 Major Importers 6/ 87.64 187.29 79.47 35.29 264.98 6.47 82.94 Brazil 1.75 4.38 7.36 0.20 10.90 1.58 1.00 China 55.95 121.02 2.96 25.00 125.00 0.97 53.96 Sel. Mideast 7/ 5.14 17.18 20.86 2.65 34.23 0.69 8.26 N. Africa 8/ 14.09 17.32 22.06 2.38 41.42 0.61 11.44 Pakistan 4.02 23.30 0.05 0.60 23.90 0.85 2.62 Southeast Asia 9/ 4.65 0.00 15.76 2.84 15.81 0.77 3.84 Selected Other 0.00 India 19.95 94.88 0.02 3.40 83.82 6.82 24.20 FSU-12 26.01 77.80 7.23 21.53 71.73 25.38 13.94 Russia 10.90 37.72 1.17 11.90 33.55 11.29 4.95 Kazakhstan 6.18 9.84 0.01 2.00 6.80 6.29 2.94 Ukraine 5.36 15.76 0.05 3.10 11.40 7.19 2.58 2013/14 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 175.59 716.82 157.84 131.69 705.84 165.80 186.57 United States 19.54 58.11 4.59 6.06 34.15 32.01 16.07 Total Foreign 156.06 658.72 153.25 125.63 671.69 133.79 170.51 Major Exporters 4/ 20.81 219.29 4.59 58.13 140.24 76.09 28.35 Argentina 0.29 10.50 0.02 0.10 6.05 2.20 2.56 Australia 4.65 26.93 0.15 3.60 6.95 18.62 6.16 Canada 5.05 37.53 0.45 4.93 10.14 23.24 9.65 European Union 5/ 10.82 144.33 3.97 49.50 117.10 32.03 9.98 Major Importers 6/ 82.94 194.10 87.36 32.15 266.01 5.26 93.14 Brazil 1.00 5.30 7.07 0.60 11.40 0.08 1.89 China 53.96 121.93 6.77 21.00 121.50 0.89 60.27 Sel. Mideast 7/ 8.26 18.96 20.69 3.77 37.23 0.58 10.10 N. Africa 8/ 11.44 19.72 25.28 2.68 42.42 0.50 13.52 Pakistan 2.62 24.00 0.40 0.60 24.10 0.75 2.17 Southeast Asia 9/ 3.84 0.00 16.40 2.46 15.84 0.88 3.53 Selected Other 0.00 India 24.20 93.51 0.03 4.80 93.85 6.05 17.83 FSU-12 13.94 103.87 7.39 22.85 73.08 37.10 15.02 Russia 4.95 52.09 0.80 12.50 34.10 18.53 5.21 Kazakhstan 2.94 13.94 0.01 2.00 6.80 8.10 1.99 Ukraine 2.58 22.28 0.07 3.40 11.50 9.76 3.67 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to di fferences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada , and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and South east Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, a nd Oman. 8/ Algeria, Egypt, Li bya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2015 WASDE - 540 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Mar 187.49 724.76 157.48 140.08 714.53 160.57 197.71 Apr 186.57 726.45 158.96 139.38 715.82 162.03 197.21 United States Mar 16.07 55.13 4.35 4.08 32.25 24.49 18.80 Apr 16.07 55.13 3.95 4.35 32.57 23.95 18.63 Total Foreign Mar 171.42 669.63 153.13 136.00 682.28 136.08 178.91 Apr 170.51 671.32 155.02 135.03 683.25 138.08 178.58 Major Exporters 4/ Mar 29.01 221.49 6.17 64.70 147.98 78.00 30.68 Apr 28.35 222.25 6.17 63.60 146.98 79.50 30.29 Argentina Mar 2.56 12.50 0.04 0.10 6.15 6.50 2.45 Apr 2.56 12.50 0.04 0.30 6.35 5.50 3.25 Australia Mar 6.16 24.00 0.15 4.10 7.50 17.00 5.81 Apr 6.16 24.00 0.15 3.80 7.20 17.00 6.11 Canada Mar 9.65 29.30 0.48 4.50 9.83 23.00 6.60 Apr 9.65 29.30 0.48 5.00 10.33 23.50 5.60 European Union 5/ Mar 10.64 155.69 5.50 56.00 124.50 31.50 15.82 Apr 9.98 156.45 5.50 54.50 123.10 33.50 15.33 Major Importers 6/ Mar 93.06 195.62 84.78 35.35 271.35 7.94 94.17 Apr 93.14 196.24 84.93 35.45 271.60 8.01 94.69 Brazil Mar 1.89 5.90 6.70 0.60 11.60 1.50 1.39 Apr 1.89 5.90 6.70 0.80 11.80 1.60 1.09 China Mar 60.27 126.00 1.50 23.00 124.00 1.00 62.77 Apr 60.27 126.00 1.50 23.00 124.00 1.00 62.77 Sel. Mideast 7/ Mar 10.10 17.42 23.18 4.37 38.17 1.53 10.99 Apr 10.10 17.42 23.03 4.37 38.22 1.53 10.79 N. Africa 8/ Mar 13.48 16.80 24.15 2.28 42.25 0.55 11.63 Apr 13.52 16.90 24.35 2.28 42.75 0.55 11.47 Pakistan Mar 2.16 25.00 0.75 1.20 25.10 0.70 2.11 Apr 2.17 25.50 0.75 1.00 24.50 0.70 3.22 Southeast Asia 9/ Mar 3.53 0.00 18.00 3.01 16.98 0.86 3.69 Apr 3.53 0.00 18.20 3.31 17.28 0.86 3.59 Selected Other India Mar 17.83 95.85 0.05 4.50 93.73 3.50 16.50 Apr 17.83 95.85 0.05 4.50 93.73 3.50 16.50 FSU-12 Mar 15.02 112.65 7.51 24.58 75.89 37.66 21.64 Apr 15.02 112.73 7.61 24.58 75.89 38.16 21.32 Russia Mar 5.21 59.00 0.35 13.00 35.50 20.00 9.06 Apr 5.21 59.08 0.35 13.00 35.50 20.50 8.64 Kazakhstan Mar 1.99 13.00 0.40 2.00 6.80 6.00 2.58 Apr 1.99 13.00 0.40 2.00 6.80 6.00 2.58 Ukraine Mar 3.67 24.75 0.05 4.00 12.00 11.00 5.47 Apr 3.67 24.75 0.05 4.00 12.00 11.00 5.47 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to di fferences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada , and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and South east Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, a nd Oman. 8/ Algeria, Egypt, Li bya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2015 WASDE - 540 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 166.20 1,136.19 128.78 668. 83 1,135.93 122.88 166.45 United States 27.82 285.31 6.64 115.21 275.54 20.70 23.53 Total Foreign 138.38 850.87 122.14 553.62 860.39 102.18 142.92 Major Exporters 4/ 16.98 170.21 1.97 76.93 105.23 62.11 21.81 Argentina 1.33 37.25 0.00 7.79 12.05 24.06 2.48 Australia 0.94 11.41 0.00 3.91 5.49 6.02 0.85 Brazil 9.82 84.25 1.27 47.05 55.80 24.98 14.56 Canada 3.39 24.43 0.51 12.97 20.26 4.99 3.08 Major Importers 5/ 38.94 227.33 92.12 238.66 317.74 8.10 32.55 European Union 6/ 15.60 145.89 11.85 113.68 153.10 7.36 12.88 Japan 1.09 0.18 17.74 13.22 18.03 0.00 0.98 Mexico 1.86 28.88 7.60 19.33 36.20 0.52 1.62 N. Afr & Mideast 7/ 12.61 26.48 23.54 46.15 53.33 0.13 9.18 Saudi Arabia 3.21 0.36 10.74 10.50 10.93 0.00 3.39 Southeast Asia 8/ 2.64 25.27 7.98 25.06 32.97 0.09 2.83 South Korea 1.52 0.21 8.27 6.53 8.71 0.00 1.29 Selected Other 0.00 China 60.36 212.19 5.60 146.05 209.67 0.11 68.38 FSU-12 6.16 68.22 0.73 35.55 50.21 19.87 5.04 Russia 1.81 28.66 0.34 16.40 25.13 4.30 1.38 Ukraine 2.42 29.53 0.05 10.93 14.66 15.00 2.33 2013/14 Est. Beginnin g Stock s Productio n Import sDomesti c FeedDomesti c Total 2 / Export s Endin g Stock s World 3/ 166.45 1,279.39 154.35 735. 63 1,238.18 164.00 207.65 United States 23.53 367.09 3.23 133.51 305.11 54.42 34.31 Total Foreign 142.92 912.30 151.12 602.12 933.07 109.57 173.34 Major Exporters 4/ 21.81 175.04 1.86 81.47 111.63 56.74 30.34 Argentina 2.48 35.67 0.01 8.74 13.60 21.50 3.06 Australia 0.85 12.45 0.00 3.69 5.36 6.95 0.98 Brazil 14.56 82.60 1.19 48.28 58.08 20.98 19.29 Canada 3.08 28.75 0.54 15.26 22.49 5.28 4.60 Major Importers 5/ 32.55 248.40 112.37 257.54 340.00 10.97 42.36 European Union 6/ 12.88 158.51 16.24 122.28 164.02 8.63 14.97 Japan 0.98 0.19 17.50 12.88 17.69 0.00 0.98 Mexico 1.62 32.02 11.32 23.62 40.89 0.50 3.58 N. Afr & Mideast 7/ 9.18 30.22 30.12 49.48 56.99 0.31 12.22 Saudi Arabia 3.39 0.36 11.69 10.53 10.95 0.00 4.49 Southeast Asia 8/ 2.83 26.84 10.66 26.86 34.96 1.53 3.83 South Korea 1.29 0.20 10.50 7.81 10.11 0.00 1.87 Selected Other 0.00 China 68.38 225.07 12.45 161.78 227.60 0.03 78.26 FSU-12 5.04 87.63 0.73 40.12 55.98 30.72 6.70 Russia 1.38 35.74 0.21 18.80 28.52 6.95 1.86 Ukraine 2.33 39.92 0.08 12.32 16.23 22.77 3.33 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjust ed to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in som e countries. 4/ Argentina, Australia, Canada, Brazil, a nd South Africa. 5/ The European Union, Me xico, Japan, selected North Africa and Midd le East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Mala ysia, Philippines, Thailand, and Vietnam. April 2015 WASDE - 540 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Mar 208.71 1,275.03 149.97 762. 62 1,264.68 155.83 219.06 Apr 207.65 1,280.26 153.45 761. 98 1,265.15 158.23 222.77 United States Mar 34.31 377.12 3.10 140.07 313.01 53.64 47.88 Apr 34.31 377.12 3.15 138.06 310.59 54.91 49.08 Total Foreign Mar 174.40 897.91 146.88 622.55 951.67 102.19 171.18 Apr 173.34 903.14 150.30 623.92 954.56 103.32 173.68 Major Exporters 4/ Mar 30.59 154.28 2.86 82.12 112.96 48.77 25.99 Apr 30.34 154.50 2.86 82.12 112.80 48.97 25.93 Argentina Mar 3.36 31.02 0.01 9.17 14.43 17.51 2.45 Apr 3.06 31.52 0.01 9.17 14.43 18.01 2.15 Australia Mar 0.98 11.54 0.00 3.81 5.49 6.13 0.91 Apr 0.98 11.54 0.00 3.81 5.49 6.13 0.91 Brazil Mar 19.27 77.71 1.21 49.78 59.60 20.52 18.07 Apr 19.29 77.71 1.21 49.78 59.60 20.52 18.09 Canada Mar 4.60 21.92 1.54 14.04 21.49 3.60 2.96 Apr 4.60 21.92 1.54 14.04 21.49 3.60 2.96 Major Importers 5/ Mar 42.50 253.40 103.17 262.94 346.40 12.20 40.47 Apr 42.36 254.61 104.32 263.39 346.92 12.33 42.03 European Union 6/ Mar 14.70 168.25 8.28 122.30 164.42 10.95 15.86 Apr 14.97 168.25 8.28 122.25 164.55 10.92 16.04 Japan Mar 0.98 0.17 17.79 13.18 17.99 0.00 0.95 Apr 0.98 0.17 17.79 13.18 17.99 0.00 0.95 Mexico Mar 3.58 31.14 11.20 24.42 41.94 0.50 3.48 Apr 3.58 31.94 10.30 24.42 41.94 0.50 3.38 N. Afr & Mideast 7/ Mar 12.52 25.39 31.47 51.27 59.03 0.11 10.23 Apr 12.22 25.60 32.72 51.67 59.53 0.11 10.89 Saudi Arabia Mar 4.49 0.36 11.15 11.45 11.93 0.00 4.07 Apr 4.49 0.36 11.15 11.45 11.93 0.00 4.07 Southeast Asia 8/ Mar 3.80 27.74 9.24 27.99 36.19 0.64 3.95 Apr 3.83 27.97 10.04 28.19 36.19 0.80 4.85 South Korea Mar 1.87 0.21 9.69 8.05 10.32 0.00 1.45 Apr 1.87 0.21 9.69 8.05 10.32 0.00 1.45 Selected Other China Mar 78.26 222.15 15.65 169.70 235.75 0.13 80.19 Apr 78.26 222.15 17.65 171.20 237.25 0.13 80.69 FSU-12 Mar 6.70 91.62 0.78 44.15 60.34 30.20 8.55 Apr 6.70 91.45 0.78 43.88 60.13 30.50 8.30 Russia Mar 1.86 40.55 0.18 22.10 32.40 7.01 3.17 Apr 1.86 40.39 0.18 21.83 32.19 7.31 2.92 Ukraine Mar 3.33 39.35 0.06 12.85 16.59 22.39 3.76 Apr 3.33 39.35 0.06 12.85 16.59 22.39 3.76 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjust ed to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Uni on, Mexico, Japan, selected No rth Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Al geria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tuni sia, and Turkey. 8/ Indonesia, Malaysia, Philippi nes, Thailand, and Vietnam. April 2015 WASDE - 540 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 /ExportsEnding Stocks World 3/ 132.16 868.00 99.43 517.95 864.73 95.16 135.43 United States 25.12 273.19 4.06 109.60 262.97 18.55 20.86 Total Foreign 107.04 594.80 95.37 408.34 601.76 76.61 114.57 Major Exporters 4/ 11.38 120.87 0.97 54.90 71.40 45.70 16.12 Argentina 0.90 27.00 0.00 5.30 7.90 18.69 1.31 Brazil 9.21 81.50 0.89 44.50 52.50 24.95 14.15 South Africa 1.28 12.37 0.08 5.10 11.00 2.06 0.66 Major Importers 5/ 15.36 111.65 56.87 119.58 168.81 2.82 12.26 Egypt 2.22 5.80 5.06 10.00 12.00 0.01 1.07 European Union 6/ 6.68 58.90 11.36 53.00 69.60 2.19 5.15 Japan 0.61 0.00 14.41 10.00 14.50 0.00 0.52 Mexico 1.32 21.59 5.68 11.00 27.00 0.52 1.06 Southeast Asia 7/ 2.64 25.22 7.96 25.00 32.90 0.09 2.82 South Korea 1.48 0.08 8.17 6.48 8.48 0.00 1.26 Selected Other 0.00 Canada 1.37 13.06 0.48 6.28 11.61 1.75 1.55 China 59.34 205.61 2.70 144.00 200.00 0.08 67.57 FSU-12 2.45 32.31 0.34 15.52 18.09 15.00 2.00 Ukraine 1.05 20.92 0.04 6.80 8.10 12.73 1.19 2013/14 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ ExportsEnding Stocks World 3/ 135.43 988.70 122.12 573.05 953.29 130.61 170.84 United States 20.86 351.27 0.91 127.92 293.05 48.70 31.29 Total Foreign 114.57 637.43 121.21 445.14 660.24 81.91 139.55 Major Exporters 4/ 16.12 120.98 0.82 57.20 75.30 40.27 22.36 Argentina 1.31 26.00 0.01 5.80 8.80 17.30 1.21 Brazil 14.15 80.00 0.79 46.00 55.00 20.97 18.97 South Africa 0.66 14.98 0.03 5.40 11.50 2.00 2.17 Major Importers 5/ 12.26 119.87 75.96 133.36 185.52 4.43 18.14 Egypt 1.07 5.80 8.73 11.00 13.20 0.01 2.39 European Union 6/ 5.15 64.26 15.92 58.00 76.50 2.40 6.42 Japan 0.52 0.00 15.12 10.60 15.10 0.00 0.55 Mexico 1.06 22.88 10.95 15.20 31.70 0.50 2.69 Southeast Asia 7/ 2.82 26.78 10.64 26.80 34.90 1.52 3.82 South Korea 1.26 0.08 10.41 7.76 9.89 0.00 1.86 Selected Other 0.00 Canada 1.55 14.19 0.51 7.52 12.70 1.95 1.60 China 67.57 218.49 3.28 154.00 212.00 0.02 77.32 FSU-12 2.00 46.90 0.42 18.67 21.44 24.65 3.24 Ukraine 1.19 30.90 0.05 8.50 9.90 20.00 2.24 1/ Aggregate of local marketing years. 2/ Total forei gn and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Mala ysia, Philippines, Thailand, and Vietnam. April 2015 WASDE - 540 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Mar 172.14 989.66 112.80 597.16 976.52 116.84 185.28 Apr 170.84 991.92 114.62 596.07 974.31 117.69 188.46 United States Mar 31.29 361.09 0.64 134.63 302.15 45.72 45.15 Apr 31.29 361.09 0.64 133.36 300.88 45.72 46.42 Total Foreign Mar 140.85 628.57 112.16 462.54 674.37 71.12 140.13 Apr 139.55 630.83 113.99 462.71 673.43 71.97 142.04 Major Exporters 4/ Mar 22.64 110.00 0.84 58.80 77.20 36.00 20.28 Apr 22.36 110.30 0.84 58.80 77.10 36.20 20.19 Argentina Mar 1.52 23.50 0.01 6.10 9.40 14.50 1.13 Apr 1.21 24.00 0.01 6.10 9.40 15.00 0.82 Brazil Mar 18.95 75.00 0.80 47.50 56.50 20.50 17.75 Apr 18.97 75.00 0.80 47.50 56.50 20.50 17.77 South Africa Mar 2.17 11.50 0.03 5.20 11.30 1.00 1.40 Apr 2.17 11.30 0.03 5.20 11.20 0.70 1.60 Major Importers 5/ Mar 18.03 131.01 64.80 138.80 191.88 3.65 18.32 Apr 18.14 132.22 64.70 138.90 191.88 3.80 19.38 filler filler filler filler filler filler filler Egypt Mar 2.16 5.75 7.50 11.50 13.80 0.01 1.60 Apr 2.39 5.96 7.50 11.50 13.90 0.01 1.94 European Union 6/ Mar 6.42 74.16 8.00 59.50 78.50 2.50 7.58 Apr 6.42 74.16 8.00 59.50 78.50 2.50 7.58 Japan Mar 0.55 0.00 15.40 10.90 15.40 0.00 0.55 Apr 0.55 0.00 15.40 10.90 15.40 0.00 0.55 Mexico Mar 2.69 23.20 10.90 16.80 33.55 0.50 2.74 Apr 2.69 24.00 10.00 16.80 33.55 0.50 2.64 Southeast Asia 7/ Mar 3.80 27.68 9.20 27.90 36.10 0.64 3.95 Apr 3.82 27.91 10.00 28.10 36.10 0.79 4.85 South Korea Mar 1.86 0.08 9.60 8.00 10.10 0.00 1.43 Apr 1.86 0.08 9.60 8.00 10.10 0.00 1.43 Selected Other Canada Mar 1.60 11.50 1.50 7.50 12.90 0.50 1.20 Apr 1.60 11.50 1.50 7.50 12.90 0.50 1.20 China Mar 77.32 215.50 2.50 158.00 216.00 0.10 79.22 Apr 77.32 215.50 3.00 158.00 216.00 0.10 79.72 FSU-12 Mar 3.24 43.64 0.42 20.39 23.21 20.76 3.33 Apr 3.24 43.47 0.42 20.19 23.01 20.76 3.35 Ukraine Mar 2.24 28.45 0.05 9.00 10.40 18.00 2.34 Apr 2.24 28.45 0.05 9.00 10.40 18.00 2.34 1/ Aggregate of local marketing years. 2/ Total foreign a nd world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not ba lance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Ar gentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast As ia. 6/ Trade excludes intra-tr ade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2015 WASDE - 540 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ 106.80 471.94 36.54 468.52 39.33 110.22 United States 1.30 6.35 0.67 3.78 3.39 1.16 Total Foreign 105.50 465.59 35.87 464.74 35.94 109.07 Major Exporters 4/ 36.81 158.78 0.75 128.85 27.87 39.61 India 25.10 105.24 0.00 94.03 10.87 25.44 Pakistan 0.55 5.80 0.05 2.32 3.58 0.50 Thailand 9.33 20.20 0.60 10.60 6.72 12.81 Vietnam 1.83 27.54 0.10 21.90 6.70 0.86 Major Importers 5/ 12.93 62.72 13.13 75.47 1.07 12.25 Brazil 0.54 8.04 0.64 7.85 0.84 0.53 European Union 6/ 1.15 2.10 1.40 3.25 0.20 1.19 Indonesia 7.40 36.55 0.65 38.13 0.00 6.48 Nigeria 1.02 2.37 2.80 5.30 0.00 0.89 Philippines 1.51 11.43 1.40 12.85 0.00 1.49 Sel. Mideast 7/ 0.97 1.77 4.84 6.07 0.00 1.50 Selected Other 0.00 Burma 0.40 11.72 0.00 10.40 1.16 0.55 C. Amer & Carib 8/ 0.43 1.65 1.42 3.14 0.01 0.35 China 45.02 143.00 3.14 144.00 0.34 46.83 Egypt 0.49 4.68 0.02 4.05 0.70 0.43 Japan 2.74 7.76 0.69 8.20 0.12 2.86 Mexico 0.15 0.13 0.74 0.84 0.00 0.19 South Korea 0.76 4.01 0.51 4.49 0.00 0.78 2013/14 Est. Beginning Stocks Production ImportsTotal /2 Domestic ExportsEnding Stocks World 3/ 110.22 476.88 38.91 480.09 41.80 107.01 United States 1.16 6.12 0.73 4.00 2.99 1.03 Total Foreign 109.07 470.76 38.18 476.10 38.82 105.99 Major Exporters 4/ 39.61 161.86 0.63 134.66 30.64 36.81 India 25.44 106.54 0.00 99.18 10.15 22.65 Pakistan 0.50 6.70 0.03 2.60 3.20 1.43 Thailand 12.81 20.46 0.30 10.88 10.97 11.72 Vietnam 0.86 28.16 0.30 22.00 6.33 1.00 Major Importers 5/ 12.25 63.60 12.89 76.52 1.08 11.12 Brazil 0.53 8.30 0.60 7.90 0.80 0.73 European Union 6/ 1.19 1.92 1.53 3.25 0.24 1.15 Indonesia 6.48 36.30 1.23 38.50 0.00 5.50 Nigeria 0.89 2.77 2.80 5.80 0.00 0.66 Philippines 1.49 11.86 1.20 12.85 0.00 1.70 Sel. Mideast 7/ 1.50 1.95 4.01 6.17 0.00 1.29 Selected Other 0.00 Burma 0.55 11.96 0.00 10.45 1.66 0.40 C. Amer & Carib 8/ 0.35 1.72 1.43 3.18 0.01 0.30 China 46.83 142.53 4.02 146.30 0.26 46.81 Egypt 0.43 4.75 0.03 4.00 0.60 0.60 Japan 2.86 7.83 0.66 8.18 0.06 3.11 Mexico 0.19 0.13 0.69 0.86 0.00 0.15 South Korea 0.78 4.23 0.31 4.42 0.00 0.90 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World impor ts and exports may not balance due to differen ces in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philipp ines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ C entral American and Caribbean countries. April 2015 WASDE - 540 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ Mar 106.46 474.86 40.03 483.68 42.58 97.64 Apr 107.01 474.60 40.03 483.03 42.29 98.58 United States Mar 1.03 7.07 0.73 4.19 3.33 1.31 filler filler filler filler filler filler Apr 1.03 7.07 0.75 4.13 3.36 1.36 Total Foreign Mar 105.43 467.79 39.30 479.48 39.26 96.33 filler filler filler filler filler filler Apr 105.99 467.53 39.29 478.90 38.93 97.22 Major Exporters 4/ Mar 36.57 156.40 0.73 134.85 30.60 28.25 Apr 36.81 156.60 0.73 135.25 30.50 28.38 India Mar 22.65 102.50 0.00 99.35 9.00 16.80 Apr 22.65 102.50 0.00 99.35 9.00 16.80 filler filler filler filler filler filler Pakistan Mar 1.20 6.50 0.03 2.70 3.90 1.13 Apr 1.43 6.90 0.03 2.80 3.80 1.76 Thailand Mar 11.72 19.15 0.30 10.90 11.00 9.27 Apr 11.72 19.15 0.30 11.20 11.00 8.97 Vietnam Mar 1.00 28.25 0.40 21.90 6.70 1.05 Apr 1.00 28.05 0.40 21.90 6.70 0.85 Major Importers 5/ Mar 11.19 63.99 14.68 78.15 1.15 10.57 Apr 11.12 63.68 14.64 77.56 1.25 10.63 Brazil Mar 0.73 8.30 0.70 7.90 0.90 0.93 filler filler filler filler filler filler Apr 0.73 8.30 0.70 7.90 1.00 0.83 European Union 6/ Mar 1.19 1.97 1.50 3.26 0.22 1.19 Apr 1.15 1.88 1.55 3.28 0.22 1.09 Indonesia Mar 5.50 36.50 1.30 39.20 0.00 4.10 Apr 5.50 36.30 1.25 38.60 0.00 4.45 Nigeria Mar 0.66 2.55 3.50 6.10 0.00 0.61 Apr 0.66 2.55 3.50 6.10 0.00 0.61 Philippines Mar 1.70 12.20 1.60 13.20 0.00 2.30 Apr 1.70 12.20 1.60 13.20 0.00 2.30 Sel. Mideast 7/ Mar 1.29 1.95 4.45 6.36 0.00 1.33 Apr 1.29 1.95 4.41 6.36 0.00 1.29 Selected Other Burma Mar 0.40 12.15 0.00 10.60 1.60 0.35 Apr 0.40 12.15 0.00 10.60 1.60 0.35 C. Amer & Carib 8/ Mar 0.30 1.77 1.56 3.31 0.01 0.30 Apr 0.30 1.77 1.56 3.31 0.01 0.30 China Mar 46.81 144.50 4.40 148.40 0.40 46.91 Apr 46.81 144.50 4.40 148.40 0.40 46.91 Egypt Mar 0.61 4.50 0.03 4.00 0.50 0.64 Apr 0.60 4.53 0.03 4.00 0.25 0.91 Japan Mar 2.78 7.68 0.70 8.20 0.20 2.76 Apr 3.11 7.68 0.70 8.15 0.08 3.26 Mexico Mar 0.15 0.16 0.78 0.89 0.00 0.19 Apr 0.15 0.16 0.78 0.89 0.00 0.19 South Korea Mar 0.86 4.24 0.41 4.45 0.00 1.06 Apr 0.90 4.24 0.47 4.45 0.00 1.16 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-28. 6/ Tr ade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. April 2015 WASDE - 540 - 26 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2012/13 Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World 73.64 123.63 46.32 107.73 46.65 -0.83 90.04 United States 3.35 17.31 0.01 3.50 13.03 0.35 3.80 Total Foreign 70.29 106.32 46.31 104.23 33.62 -1.18 86.24 Major Exporters 4/ 29.07 53.51 1.59 30.64 29.12 -1.32 25.72 Central Asia 5/ 3.02 7.32 3 / 2.28 5.31 0.00 2.75 Afr. Fr. Zone 6/ 1.12 4.25 3 / 0.17 4.14 0.00 1.07 S. Hemis 7/ 13.60 12.23 0.17 5.22 11.48 -0.33 9.62 Australia 3.81 4.60 3 / 0.04 6.17 -0.20 2.40 Brazil 7.99 6.00 0.07 4.10 4.31 -0.15 5.80 India 10.87 28.50 1.19 21.85 7.76 -1.00 11.95 Major Importers 8/ 39.09 49.63 42.03 69.30 2.61 0.14 58.71 Mexico 0.71 1.04 0.95 1.80 0.23 0.03 0.65 China 31.08 35.00 20.33 36.00 0.05 0.00 50.36 European Union 9/ 0.59 1.49 0.92 0.92 1.48 0.05 0.56 Turkey 1.24 2.65 3.69 6.05 0.22 0.00 1.32 Pakistan 2.84 9.30 1.80 10.75 0.45 0.03 2.71 Indonesia 0.53 0.03 3.14 3.05 0.01 0.00 0.64 Thailand 0.26 3 / 1.51 1.50 0.01 0.03 0.24 Bangladesh 0.87 0.11 3.90 3.90 0.00 0.01 0.97 Vietnam 0.32 0.02 2.41 2.25 0.00 0.00 0.49 2013/14 Est. Beginning Stocks Production ImportsDomestic Use ExportsLoss /2 Ending Stocks World 90.04 120.43 40.60 109.02 40.74 -0.51 101.82 United States 3.80 12.91 0.01 3.55 10.53 0.19 2.45 Total Foreign 86.24 107.52 40.59 105.47 30.21 -0.71 99.37 Major Exporters 4/ 25.72 57.01 1.31 32.23 25.84 -0.83 26.79 Central Asia 5/ 2.75 6.55 3 / 2.36 4.26 0.00 2.69 Afr. Fr. Zone 6/ 1.07 4.37 3 / 0.17 4.10 0.00 1.16 S. Hemis 7/ 9.62 14.06 0.23 5.35 7.83 -0.34 11.07 Australia 2.40 4.10 3 / 0.04 4.85 -0.20 1.81 Brazil 5.80 8.00 0.15 4.20 2.23 -0.15 7.67 India 11.95 31.00 0.68 23.35 9.26 -0.50 11.52 Major Importers 8/ 58.71 47.22 36.38 68.83 2.64 0.12 70.73 Mexico 0.65 0.92 1.04 1.85 0.16 0.03 0.58 China 50.36 32.75 14.12 34.50 0.03 0.00 62.71 European Union 9/ 0.56 1.60 0.87 0.85 1.60 0.03 0.54 Turkey 1.32 2.30 4.25 6.30 0.20 0.00 1.36 Pakistan 2.71 9.50 1.20 10.40 0.51 0.03 2.48 Indonesia 0.64 0.03 2.99 3.05 0.01 0.00 0.60 Thailand 0.24 3 / 1.55 1.55 0.00 0.03 0.22 Bangladesh 0.97 0.12 4.10 4.15 0.00 0.01 1.02 Vietnam 0.49 0.01 3.20 3.20 0.00 0.00 0.50 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marke ting channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks base d on supply less total use and indicated endi ng stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kaza khstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Re public, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Austra lia, Brazil, Paraguay, South Africa, Tanzan ia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes H ong Kong, Japan, Russia, South Korea, a nd Taiwan. 9/ Includes intra-EU trade. April 2015 WASDE - 540 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2014/15 Proj. Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World Mar 101.71 119.24 34.40 110.96 34.42 -0.09 110.06 Apr 101.82 119.23 34.25 111.05 34.26 -0.10 110.09 United States Mar 2.45 16.08 0.01 3.65 10.70 -0.01 4.20 Apr 2.45 16.30 0.01 3.65 10.70 0.01 4.40 Total Foreign Mar 99.26 103.16 34.39 107.31 23.72 -0.09 105.86 Apr 99.37 102.93 34.24 107.40 23.56 -0.11 105.69 filler filler filler filler filler filler filler Major Exporters 4/ Mar 26.67 53.40 1.69 32.62 19.62 -0.23 29.75 Apr 26.79 52.85 1.59 32.73 19.26 -0.23 29.47 Central Asia 5/ Mar 2.57 6.21 3 / 2.40 3.45 0.00 2.93 Apr 2.69 6.16 3 / 2.41 3.59 0.00 2.85 Afr. Fr. Zone 6/ Mar 1.16 4.78 3 / 0.16 4.08 0.00 1.71 Apr 1.16 4.78 3 / 0.16 4.00 0.00 1.78 S. Hemis 7/ Mar 11.07 11.08 0.24 5.16 7.62 -0.24 9.85 Apr 11.07 11.08 0.14 5.06 7.52 -0.24 9.95 Australia Mar 1.81 2.20 3 / 0.04 3.00 -0.10 1.07 Apr 1.81 2.20 3 / 0.04 2.80 -0.10 1.27 Brazil Mar 7.67 7.00 0.15 4.00 3.75 -0.15 7.22 Apr 7.67 7.00 0.05 3.90 3.85 -0.15 7.12 India Mar 11.52 30.50 1.10 24.00 4.20 0.00 14.92 Apr 11.52 30.00 1.10 24.20 3.90 0.00 14.52 filler filler filler filler filler filler filler Major Importers 8/ Mar 70.73 46.62 29.62 70.27 2.47 0.14 74.09 Apr 70.73 46.94 29.59 70.28 2.68 0.12 74.19 Mexico Mar 0.58 1.22 0.90 1.85 0.15 0.03 0.67 Apr 0.58 1.37 0.83 1.85 0.16 0.03 0.73 China Mar 62.71 30.00 7.30 35.00 0.05 0.00 64.96 Apr 62.71 30.00 7.50 35.00 0.08 0.00 65.13 European Union 9/ Mar 0.56 1.54 0.84 0.90 1.30 0.05 0.68 Apr 0.54 1.62 0.87 0.87 1.45 0.03 0.68 Turkey Mar 1.36 3.20 3.55 6.35 0.23 0.00 1.53 Apr 1.36 3.20 3.55 6.20 0.28 0.00 1.63 Pakistan Mar 2.48 10.50 0.75 10.50 0.60 0.03 2.60 Apr 2.48 10.60 0.70 10.60 0.60 0.03 2.55 Indonesia Mar 0.60 0.03 3.35 3.30 0.01 0.00 0.67 Apr 0.60 0.02 3.35 3.30 0.01 0.00 0.66 Thailand Mar 0.22 3 / 1.48 1.45 0.01 0.03 0.21 Apr 0.22 3 / 1.48 1.45 0.01 0.03 0.21 Bangladesh Mar 1.02 0.12 4.55 4.45 0.00 0.01 1.23 Apr 1.02 0.12 4.55 4.45 0.00 0.01 1.23 Vietnam Mar 0.51 0.02 3.95 3.65 0.00 0.00 0.82 Apr 0.50 0.01 4.10 3.85 0.00 0.00 0.75 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing ch annel; for Australia, Brazil, China, and the United States, refl ects the difference between implicit stocks based on supply less total use a nd indicated ending stocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenist an, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions liste d, includes Hong Kong, Japan, Russia, South Kor ea, and Taiwan. 9/ Includes intra-EU trade. April 2015 WASDE - 540 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Domestic CrushDomestic TotalExports Ending Stocks World 2/ 54.45 268.77 95.91 230.19 261.20 100.53 57.40 United States 4.61 82.79 1.10 45.97 48.83 35.85 3.83 Total Foreign 49.84 185.98 94.80 184.22 212.37 64.69 53.57 Major Exporters 3/ 29.82 143.15 0.42 71.90 77.41 58.69 37.30 Argentina 16.30 49.30 0.00 33.61 36.05 7.74 21.81 Brazil 13.02 82.00 0.40 35.24 38.19 41.90 15.33 Paraguay 0.47 8.20 0.03 2.95 3.05 5.52 0.13 Major Importers 4/ 17.26 15.34 84.23 86.63 103.21 0.38 13.23 China 15.91 13.05 59.87 64.95 76.18 0.27 12.38 European Union 0.80 0.95 12.54 13.23 13.96 0.09 0.23 Japan 0.13 0.24 2.83 1.92 3.01 0.00 0.18 Mexico 0.13 0.25 3.41 3.65 3.69 0.00 0.10 2013/14 Est. Beginnin g Stock s Productio n Import sDomesti c CrushDomesti c Total Export sEndin g Stock s World 2/ 57.40 283.63 111.25 240.85 273.02 112.94 66.32 United States 3.83 91.39 1.95 47.19 49.85 44.82 2.50 Total Foreign 53.57 192.24 109.30 193.65 223.17 68.12 63.81 Major Exporters 3/ 37.30 152.30 0.61 75.95 81.87 62.71 45.63 Argentina 21.81 54.00 0.00 36.17 38.97 7.84 29.00 Brazil 15.33 86.70 0.61 36.28 39.28 46.83 16.53 Paraguay 0.13 8.20 0.01 3.35 3.45 4.80 0.08 Major Importers 4/ 13.23 14.76 96.22 91.55 108.59 0.30 15.32 China 12.38 12.20 70.36 68.85 80.30 0.22 14.43 European Union 0.23 1.23 12.99 13.59 14.17 0.06 0.22 Japan 0.18 0.20 2.89 1.94 3.05 0.00 0.23 Mexico 0.10 0.25 3.84 4.03 4.07 0.00 0.13 2014/15 Proj. Beginnin g Stock s Productio n Import s Domesti c CrushDomesti c Total Export s Endin g Stock s World 2/ Mar 66.32 315.06 114.08 254.19 288.50 117.42 89.53 Apr 66.32 315.46 114.21 253.99 288.92 117.52 89.55 United States Mar 2.50 108.01 0.68 48.85 52.00 48.72 10.48 Apr 2.50 108.01 0.82 48.85 52.56 48.72 10.06 Total Foreign Mar 63.82 207.04 113.40 205.33 236.50 68.70 79.05 Apr 63.81 207.45 113.40 205.13 236.36 68.80 79.49 Major Exporters 3/ Mar 45.63 162.40 0.31 80.58 86.95 61.98 59.41 Apr 45.63 163.50 0.31 80.58 86.95 62.08 60.41 Argentina Mar 29.00 56.00 0.00 39.18 42.28 8.00 34.72 Apr 29.00 57.00 0.00 39.18 42.28 8.00 35.72 Brazil Mar 16.53 94.50 0.30 37.60 40.75 46.00 24.58 Apr 16.53 94.50 0.30 37.60 40.75 46.00 24.58 Paraguay Mar 0.08 8.50 0.01 3.60 3.70 4.80 0.09 Apr 0.08 8.50 0.01 3.60 3.70 4.80 0.09 Major Importers 4/ Mar 15.33 15.44 100.30 97.71 115.25 0.35 15.47 Apr 15.32 15.37 100.30 97.56 115.25 0.35 15.39 China Mar 14.43 12.35 74.00 74.50 86.20 0.25 14.33 Apr 14.43 12.35 74.00 74.35 86.20 0.25 14.33 European Union Mar 0.22 1.72 12.75 13.60 14.28 0.07 0.34 Apr 0.22 1.72 12.75 13.60 14.28 0.07 0.34 Japan Mar 0.23 0.21 2.90 1.97 3.09 0.00 0.25 Apr 0.23 0.21 2.90 1.97 3.09 0.00 0.25 Mexico Mar 0.13 0.29 4.05 4.25 4.29 0.00 0.18 Apr 0.13 0.29 4.05 4.25 4.29 0.00 0.18 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an Octobe r-September year. 2/ World i mports and exports may not balance due to differences in local marketing years and to time lags be tween reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japa n, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Phil ippines, Vietnam, and Thailand). April 2015 WASDE - 540 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 10.02 181.29 53.83 177.40 57.94 9.80 United States 0.27 36.17 0.22 26.28 10.14 0.25 Total Foreign 9.74 145.12 53.61 151.12 47.80 9.55 Major Exporters 3/ 6.38 61.32 0.04 19.29 41.26 7.19 Argentina 2.92 26.09 0.00 1.60 23.67 3.74 Brazil 3.20 27.31 0.03 14.20 13.24 3.10 India 0.26 7.92 0.01 3.49 4.35 0.35 Major Importers 4/ 1.55 14.14 31.17 45.28 0.57 1.00 European Union 0.44 10.43 16.94 27.12 0.54 0.15 Southeast Asia 5/ 0.90 2.26 12.47 14.80 0.04 0.78 2013/14 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 9.80 189.34 57.84 186.41 60.02 10.55 United States 0.25 36.91 0.31 26.76 10.48 0.23 Total Foreign 9.55 152.43 57.54 159.65 49.54 10.33 Major Exporters 3/ 7.19 62.61 0.03 20.35 41.66 7.82 Argentina 3.74 27.89 0.00 1.80 24.97 4.86 Brazil 3.10 28.08 0.03 14.50 13.95 2.76 India 0.35 6.64 0.01 4.05 2.74 0.20 Major Importers 4/ 1.00 14.67 33.88 47.87 0.37 1.31 European Union 0.15 10.74 18.18 28.50 0.31 0.26 Southeast Asia 5/ 0.78 2.47 13.72 15.95 0.06 0.96 2014/15 Proj. Beginnin g Stock s Productio n Import s Dom estic TotalExport s Endin g Stock s World 2/ Mar 10.55 200.82 60.76 197.09 64.07 10.97 Apr 10.55 200.66 60.76 196.99 63.97 11.01 United States Mar 0.23 39.10 0.23 27.67 11.61 0.27 Apr 0.23 39.10 0.23 27.67 11.61 0.27 Total Foreign Mar 10.33 161.72 60.53 169.42 52.46 10.70 Apr 10.33 161.56 60.53 169.32 52.36 10.73 Major Exporters 3/ Mar 7.82 65.60 0.03 21.17 44.58 7.70 Apr 7.82 65.52 0.03 21.24 44.38 7.75 Argentina Mar 4.86 30.39 0.00 2.10 28.83 4.32 Apr 4.86 30.39 0.00 2.10 28.83 4.32 Brazil Mar 2.76 29.13 0.03 14.78 14.10 3.03 Apr 2.76 29.13 0.03 14.78 14.10 3.03 India Mar 0.20 6.08 0.01 4.29 1.65 0.35 Apr 0.20 6.00 0.01 4.36 1.45 0.40 Major Importers 4/ Mar 1.31 14.90 35.88 50.09 0.46 1.53 Apr 1.31 14.90 35.88 50.09 0.46 1.53 European Union Mar 0.26 10.75 19.30 29.44 0.39 0.48 Apr 0.26 10.75 19.30 29.44 0.39 0.48 Southeast Asia 5/ Mar 0.96 2.66 14.58 17.15 0.07 0.97 Apr 0.96 2.66 14.58 17.15 0.07 0.97 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Ar gentina, Brazil, and India. 4/ European Union, Southeast Asia , and Japan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. April 2015 WASDE - 540 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 4.13 43.10 8.47 42.59 9.36 3.76 United States 1.15 8.99 0.09 8.48 0.98 0.77 Total Foreign 2.98 34.11 8.38 34.11 8.38 2.98 Major Exporters 3/ 1.07 15.64 0.40 9.72 6.51 0.88 Argentina 0.32 6.36 0.09 2.28 4.24 0.26 Brazil 0.42 6.76 0.01 5.53 1.25 0.40 European Union 0.33 2.51 0.30 1.91 1.01 0.22 Major Importers 4/ 1.07 13.79 3.88 17.17 0.16 1.41 China 0.62 11.63 1.41 12.55 0.08 1.02 India 0.36 1.75 1.09 2.95 0.00 0.25 North Africa 5/ 0.10 0.41 1.39 1.68 0.08 0.14 2013/14 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 3.76 44.96 9.35 45.35 9.37 3.36 United States 0.77 9.13 0.08 8.60 0.85 0.53 Total Foreign 2.98 35.83 9.28 36.75 8.52 2.83 Major Exporters 3/ 0.88 16.33 0.33 10.47 6.24 0.83 Argentina 0.26 6.79 0.01 2.73 4.09 0.24 Brazil 0.40 6.96 0.00 5.77 1.38 0.22 European Union 0.22 2.58 0.33 1.98 0.77 0.38 Major Importers 4/ 1.41 14.22 4.59 18.67 0.22 1.33 China 1.02 12.34 1.35 13.66 0.09 0.96 India 0.25 1.48 1.83 3.30 0.00 0.26 North Africa 5/ 0.14 0.41 1.40 1.71 0.13 0.12 2014/15 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Mar 3.36 47.37 9.41 46.79 9.75 3.61 Apr 3.36 47.33 9.43 46.93 9.73 3.46 United States Mar 0.53 9.34 0.07 8.32 0.93 0.68 Apr 0.53 9.33 0.09 8.46 0.86 0.63 Total Foreign Mar 2.83 38.04 9.34 38.46 8.82 2.92 Apr 2.83 38.00 9.34 38.47 8.87 2.83 Major Exporters 3/ Mar 0.83 17.24 0.31 11.00 6.45 0.93 Apr 0.83 17.24 0.31 11.00 6.50 0.88 Argentina Mar 0.24 7.44 0.01 2.89 4.48 0.32 Apr 0.24 7.44 0.01 2.89 4.53 0.27 Brazil Mar 0.22 7.22 0.00 6.04 1.17 0.22 Apr 0.22 7.22 0.00 6.04 1.17 0.22 European Union Mar 0.38 2.58 0.30 2.07 0.80 0.39 Apr 0.38 2.58 0.30 2.07 0.80 0.39 Major Importers 4/ Mar 1.33 15.14 4.44 19.43 0.21 1.26 Apr 1.33 15.09 4.44 19.43 0.21 1.21 China Mar 0.96 13.34 1.00 14.26 0.08 0.96 Apr 0.96 13.32 1.00 14.26 0.08 0.93 India Mar 0.26 1.35 2.00 3.40 0.00 0.21 Apr 0.26 1.33 2.00 3.40 0.00 0.19 North Africa 5/ Mar 0.12 0.44 1.44 1.77 0.13 0.09 Apr 0.12 0.44 1.44 1.77 0.13 0.09 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and i mports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and Eurpoean Union. 4/ China, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. April 2015 WASDE - 540 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Mea t 2/Broiler Turkey Total Poultry 3 /Red Meat & PoultryEgg Milk Million Pounds Mil doz Bil lbs 2013 Annual 25,720 23,187 49,174 37,830 5, 806 44,159 93,333 8,145 201.2 2014 I 5,868 5,785 11,716 9,283 1, 332 10,740 22,456 2,032 51.0 II 6,183 5,504 11,754 9,618 1, 428 11,180 22,933 2,066 52.9 III 6,178 5,423 11,661 9,835 1, 478 11,448 23,109 2,099 51.2 IV 6,023 6,132 12,215 9,814 1, 517 11,459 23,673 2,139 51.0 Annual Mar Est. 24,252 22,844 47,345 38,550 5, 756 44,827 92,172 8,335 206.0 Apr Est. 24,252 22,844 47,345 38,550 5, 756 44,827 92,172 8,335 206.0 2015 I 5,660 6,155 11,871 9,725 1, 425 11,280 23,151 2,060 52.1 II* 6,240 5,720 12,018 10,000 1, 475 11,615 23,633 2,085 53.9 III* 6,210 5,915 12,183 10,200 1, 550 11,895 24,078 2,110 52.0 IV* 6,100 6,450 12,612 10,100 1, 575 11,810 24,422 2,155 52.0 Annual Mar Proj. 24,060 24,120 48,419 40,025 6, 075 46,650 95,069 8,430 211.1 Apr Proj. 24,210 24,240 48,684 40,025 6, 025 46,600 95,284 8,410 210.0 * Projection. 1/ Commercial production for red meats; federa lly inspected for poultry meats. 2/ Beef, pork, veal and lamb & mutton. 3/ Broile rs, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/Barrows and gilts 3/Broilers 4/Turkeys 5/Eggs 6/Milk 7/ Dol./cw t Dol./cw t Cents/lb. Cents/lb. Cents/doz. Dol./cw t 2013 Annual 125.89 64.05 99.7 99.8 124.7 20.05 2014 I 146.34 68.69 98.4 100.7 142.7 24.53 II 147.82 85.40 113.7 105.6 134.6 24.23 III 158.49 83.30 104.6 110.2 129.3 24.37 IV 165.60 66.74 102.8 113.9 162.7 22.77 Annual Mar Est. 154.56 76.03 104.9 107.6 142.3 23.98 Apr Est. 154.56 76.03 104.9 107.6 142.3 23.98 2015 I 162.43 48.47 97.0 99.6 146.9 16.95-17.05 II* 162-168 49-51 98-102 100-104 123-127 16.25-16.65 III* 157-169 50-54 96-104 101-109 116-124 17.10-17.80 IV* 157-171 45-49 95-103 106-114 133-145 17.90-18.90 Annual Mar Proj. 157-167 53-57 96-102 102-108 126-134 17.05-17.65 Apr Proj. 160-167 48-51 97-101 101-107 130-136 17.10-17.60 *Projection. 1/ Simple average of months . 2/ 5-Area, Direct, Total all grades 3/ National Base, Live equiv 51-52% lean. 4/ Who lesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. April 2015 WASDE - 540 - 32 U.S. Meats Supply and Use Item Beginning stocksProduction 1/ ImportsTotal Supply ExportsEnding StocksTotal UsePer Capita 2/ 3/ Million Pounds /4 Beef 2013 608 25,791 2,250 28,649 2,590 584 25,475 56.3 2014 Est. Mar 584 24,323 2,947 27,853 2,573 591 24,689 54.2 Apr 584 24,323 2,947 27,853 2,573 591 24,689 54.2 2015 Proj. Mar 591 24,131 2,860 27,582 2,400 485 24,697 53.9 Apr 591 24,281 2,910 27,782 2,420 560 24,802 54.1 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2013 625 23,200 880 24,705 4,992 618 19,095 46.8 2014 Est. Mar 618 22,858 1,007 24,483 4,858 559 19,065 46.4 Apr 618 22,858 1,007 24,483 4,858 559 19,065 46.4 2015 Proj. Mar 559 24,133 1,000 25,692 4,750 605 20,337 49.2 Apr 559 24,253 1,225 26,037 4,750 610 20,677 50.0 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2013 1,260 49,270 3,302 53,832 7,589 1,230 45,013 104.4 2014 Est. Mar 1,230 47,440 4,149 52,819 7,438 1,190 44,191 101.9 Apr 1,230 47,440 4,149 52,819 7,438 1,190 44,191 101.9 2015 Proj. Mar 1,190 48,514 4,051 53,755 7,160 1,128 45,467 104.2 Apr 1,190 48,779 4,326 54,295 7,180 1,212 45,903 105.2 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2013 651 37,425 122 38,198 7,345 669 30,184 81.9 2014 Est. Mar 669 38,137 117 38,923 7,304 680 30,939 83.4 Apr 669 38,137 117 38,923 7,304 680 30,939 83.4 2015 Proj. Mar 680 39,597 116 40,393 7,100 700 32,593 87.2 Apr 680 39,597 116 40,393 6,680 700 33,013 88.3 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2013 296 5,729 22 6,048 759 237 5,051 16.0 2014 Est. Mar 237 5,756 29 6,022 804 193 5,024 15.8 Apr 237 5,756 29 6,022 804 193 5,024 15.8 2015 Proj. Mar 193 6,075 28 6,296 765 300 5,231 16.3 Apr 193 6,025 28 6,246 720 300 5,226 16.3 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2013 949 43,678 146 44,772 8,213 912 35,648 99.2 2014 Est. Mar 912 44,414 148 45,474 8,218 876 36,379 100.5 Apr 912 44,414 148 45,474 8,218 876 36,379 100.5 2015 Proj. Mar 876 46,221 146 47,243 7,990 1,005 38,248 104.8 Apr 876 46,171 146 47,193 7,525 1,005 38,663 105.9 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2013 2,208 92,947 3,449 98,604 15,802 2,142 80,661 203.6 2014 Est. Mar 2,142 91,854 4,297 98,293 15,656 2,066 80,570 202.3 Apr 2,142 91,854 4,297 98,293 15,656 2,066 80,570 202.3 2015 Proj. Mar 2,066 94,735 4,197 100,998 15,150 2,133 83,715 209.0 Apr 2,066 94,950 4,472 101,488 14,705 2,217 84,566 211.1 1/ Total including farm production for red meats and, for pou ltry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis for red meat and broilers; certified ready-to-cook weight for turkey. 3/ Populati on source: Dept. of Commerce, Census Bureau . 4/ Carcass weight for red meats and cer tified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. April 2015 WASDE - 540 - 33 U.S. Egg Supply and Use Commodity 2012 2013 2014 Est. 2014 Est. 2015 Proj. 2015 Proj. Mar Apr Mar Apr Eggs Million Dozen Supply Beginning Stocks 27.7 20.8 23.0 23.0 23.3 23.3 Production 7,883.4 8,144.6 8,334.8 8 ,334.8 8,430.0 8,410.0 Imports 18.5 16.9 32.8 32.8 40.0 32.0 Total Supply 7,929.6 8,182.3 8,390.6 8 ,390.6 8,493.3 8,465.3 Use Exports 301.7 371.9 395.4 395.4 405.0 405.0 Hatching Use 940.8 959.9 976.2 976.2 1,000.0 1,000.0 Ending Stocks 20.8 23.0 23.3 23.3 23.0 23.0 Disappearance Total 6,666.3 6,827.5 6,995.7 6 ,995.7 7,065.3 7,037.3 Per Capita (number) 254.6 258.9 263.4 263.4 264.1 263.0 Total U.S. Milk Supply and Use Commodity 2012 2013 2014 Est. 2014 Est. 2015 Proj. 2015 Proj. Mar Apr Mar Apr Milk Billion Pounds Production 200.6 201.2 206.0 206.0 211.1 210.0 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 10.9 12.2 11.2 11.2 11.2 11.2 Marketings 199.7 200.3 205.1 205.1 210.1 209.0 Imports 4.1 3.7 4.3 4.3 4.1 4.4 Total Cml. Supply 214.7 216.2 220.5 220.5 225.5 224.6 Fat Basis Use Commercial Exports 8.8 12.4 12.5 12.5 10.8 10.7 Ending Commercial Stocks 12.2 11.2 11.2 11.2 11.5 11.4 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 193.7 192.6 196.9 196.9 203.1 202.5 Skim-solid Basis Supply Beg. Commercial Stocks 11.8 12.4 11.6 11.6 13.1 13.1 Marketings 199.7 200.3 205.1 205.1 210.1 209.0 Imports 5.7 5.3 5.6 5.6 5.5 5.5 Total Cml. Supply 217.2 217.9 222.3 222.3 228.7 227.6 Skim-solid Basis Use Commercial Exports 33.3 38.5 39.2 39.2 37.3 36.5 Ending Commercial Stocks 12.4 11.6 13.1 13.1 13.0 12.9 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 171.5 167.7 170.0 170.0 178.4 178.2 Total Note: Totals may not add due to rounding. April 2015 WASDE - 540 - 34 U.S. Dairy Prices Commodity 2012 2013 2014 Est. 2014 Est. 2015 Proj. 2015 Proj. Mar Apr Mar Apr Product Prices 1/ Dollars Pe r Pound Cheese 1.7076 1.7683 2.1551 2.1551 1.600- 1.6601.625- 1.675 Butter 1.5943 1.5451 2.1361 2.1361 1.670- 1.7601.705- 1.785 Nonfat Dry Milk 1.3279 1.7066 1.7682 1.7682 1.205- 1.2551.090- 1.130 Dry Whey 0.5935 0.5902 0.6538 0.6538 0.490- 0.5200.490- 0.520 Filler Dollars Pe r Cwt Milk Prices 2/ Class III 17.44 17.99 22.34 22.34 15.95- 16.5516.20- 16.70 Class IV 16.01 19.05 22.09 22.09 15.30- 16.0014.45- 15.05 All Milk 3/ 18.52 20.05 23.98 23.98 17.05- 17.6517.10- 17.60 1/ Simple average of monthly prices calculated by AMS from w eekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deduc tions from producers as authorized by legislation. April 2015 WASDE - 540 - 35 Note: Tables on pages 35-37 present a record of the April proj ection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that ch ances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0.5 percent. Chances are 9 out of 10 (90% confidence level) that the differe nce will not exceed 0.9 percent. The average difference between the April projection and the final estimate is 2.0 million tons, rangi ng from 0.1 million to 6.8 million tons. Th e April projection has been below the e stimate 22 times and above 11 times. Reliability of April Projections 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final WHEAT Percent Million Metric Tons Production Worl d 0.5 0.9 2.0 0.1 6.8 22 11 U.S. 0.1 0.2 0.0 0.0 0.3 13 9 Forei gn 0.6 1.0 2.0 0.2 6.8 22 11 Exports Worl d 4.1 6.9 4.1 0.4 14.3 26 7 U.S. 2.6 4.4 0.6 0.0 2.1 15 18 Forei gn 5.3 8.9 4.2 0.3 13.3 26 7 Domestic Use Worl d 0.8 1.3 3.5 0.1 9.4 15 18 U.S. 3.3 5.6 0.8 0.0 2.2 13 20 Forei gn 0.8 1.3 3.3 0.0 9.6 15 18 Ending Stocks Worl d 3.2 5.4 3.6 0.0 13.1 22 10 U.S. 8.7 14.8 1.0 0.0 4.1 22 11 Forei gn 3.5 6.0 3.2 0.0 12.5 23 9 COARSE GRAINS 2/ Production Worl d 0.9 1.5 7.1 0.3 19.2 27 6 U.S. 0.2 0.3 0.1 0.0 1.3 13 7 Forei gn 1.3 2.2 7.2 0.3 19.2 27 6 Exports Worl d 4.4 7.5 4.1 0.1 17.3 24 9 U.S. 6.6 11.1 2.6 0.0 7.2 17 16 Forei gn 7.0 11.9 3.5 0.3 21.2 26 7 Domestic Use Worl d 0.8 1.4 5.3 0.0 20.0 14 19 U.S. 2.5 4.3 3.4 0.1 16.8 12 21 Forei gn 0.9 1.6 4.9 0.2 17.3 20 13 Ending Stocks Worl d 8.0 13.5 9.6 0.3 27.0 28 5 U.S. 11.9 20.2 4.0 0.1 12.1 18 15 Forei gn 10.4 17.7 7.4 0.5 24.2 27 6 RICE, milled Production Worl d 1.3 2.3 3.4 0.2 13.3 27 6 U.S. 1.5 2.5 0.1 0.0 0.2 11 5 Forei gn 1.4 2.3 3.3 0.1 13.3 27 6 Exports Worl d 8.3 14.1 1.4 0.1 4.5 27 6 U.S. 6.4 10.9 0.1 0.0 0.5 15 15 Forei gn 9.2 15.6 1.3 0.0 4.4 27 6 Domestic Use Worl d 1.0 1.7 2.7 0.1 8.7 25 8 U.S. 7.1 12.0 0.2 0.0 0.5 12 20 Forei gn 1.0 1.7 2.7 0.2 8.8 25 8 Ending Stocks Worl d 7.3 12.4 2.8 0.1 13.2 22 11 U.S. 19.7 33.5 0.2 0.0 0.4 20 13 Forei gn 7.7 13.0 2.8 0.1 12.8 21 12 1/ Footnotes at end of table. CONTINUED April 2015 WASDE - 540 - 36 Reliability of April Projections (Continued) Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final SOYBEANS Percent Million Metric Tons Production World 1.7 2.9 2.2 0.2 7.9 19 14 U.S. 1.4 2.3 0.6 0.0 2.5 15 11 Foreign 2.8 4.8 2.1 0.0 8.1 20 13 Exports World 5.2 8.7 2.2 0.1 10.3 21 12 U.S. 5.3 9.1 1.1 0.0 3.0 23 10 Foreign 12.1 20.6 1.9 0.2 8.8 18 15 Domestic Use World 1.8 3.0 2.2 0.0 9.0 19 14 U.S. 2.2 3.8 0.8 0.1 2.3 22 11 Foreign 2.2 3.7 1.9 0.0 10.4 17 16 Ending Stocks World 11.7 19.9 2.7 0.3 10.5 19 14 U.S. 24.1 40.9 1.4 0.1 4.7 12 21 Foreign 12.9 21.9 2.2 0.0 7.2 21 12 COTTON Million 480-Pound Bales Production World 1.6 2.7 1.1 0.0 5.2 26 6 U.S. 0.3 0.5 0.0 0.0 0.2 14 11 Foreign 1.9 3.3 1.1 0.0 5.1 25 7 Exports World 4.3 7.3 1.0 0.1 4.2 20 13 U.S. 4.7 8.0 0.4 0.0 1.4 13 17 Foreign 5.5 9.4 0.9 0.1 3.9 20 13 Domestic Use World 1.6 2.7 1.2 0.0 4.6 19 14 U.S. 3.1 5.3 0.2 0.0 0.6 18 11 Foreign 1.6 2.8 1.2 0.2 4.5 19 14 Ending Stocks World 7.1 12.1 2.5 0.0 8.2 23 10 U.S. 12.5 21.2 0.4 0.0 1.6 13 20 Foreign 7.7 13.1 2.5 0.1 8.0 21 12 1/ Marketing years 1981/82 through 2013/14 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the ma rketing year for 1981/82 through 2013/14. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. April 2015 WASDE - 540 - 37 Reliability of United States April Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final CORN Percent Million Bushels Production 0 . 2 0 . 320 3 812 Exports 6.5 11.0 92 13 209 14 19 Domestic Use 2.4 4.0 116 5 474 13 20 Ending Stocks 13.7 23.2 158 3 470 18 15 SORGHUM Production 0 . 2 0 . 300402 Exports 12.1 20.6 20 0 72 22 10 Domestic Use 9.7 16.5 24 0 158 13 19 Ending Stocks 38.4 65.2 23 1 148 15 18 BARLEY Production 0.5 0.9 1 0 11 13 4 Exports 13.1 22.2 4 0 13 9 20 Domestic Use 4 . 2 7 . 21 0 06 41 41 7 Ending Stocks 11.1 18.9 13 0 52 21 11 OATS Production 0 . 4 0 . 600244 Exports 3 5 . 7 6 0 . 610366 Domestic Use 3.2 5.3 8 0 26 12 19 Ending Stocks 10.9 18.6 9 1 30 20 13 SOYBEAN MEAL Thousand Short Tons Production 2.6 4.4 763 35 2,153 26 7 Exports 8.1 13.8 508 25 1,700 27 6 Domestic Use 2.1 3.6 474 100 2,066 23 10 Ending Stocks 36.4 61.7 67 0 214 13 18 SOYBEAN OIL Million Pounds Production 2.6 4.5 369 15 1,058 26 7 Exports 15.9 26.9 210 0 650 21 11 Domestic Use 2.0 3.3 232 0 562 19 13 Ending Stocks 17.0 28.9 234 5 753 22 11 ANIMAL PROD. 3/ Million Pounds Beef 2.4 4.1 498 19 1,388 23 10 Pork 2.2 3.8 292 10 983 22 11 Broilers 1.4 2.3 286 6 675 22 11 Turkeys 2.4 4.0 95 3 305 19 14 Million Dozen Eggs 1.3 2.2 73 10 275 23 10 Billion Pounds Milk 1.2 2.1 1.4 0.0 5.2 17 14 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2013/14 for grains, soybeans, and cotton. Final for grains , soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2013/14. Calendar years 1983 through 2013 for meats, eggs, and milk. Final for animal products is defined as th e latest annual production estimate published by NASS for 1983-2013. WASDE-540-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Forei gn Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at http://www.fas.usda.gov/psd/online . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric-Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 UNITED STATES DEPARTMENT OF AGRICULTURE WORLD AGRICULTURAL OUTLOOK BOARD WASHINGTON, D.C. 20250-3812 ___________________ OFFICIAL BUSINESS Penalty for Private Use, $300 FIRST-CLASS MAIL POSTAGE & FEES PAID USDA PERMIT NO. G-289 World Agricultural Supply and Demand Estimates WASDE-540 – April 9, 2015 Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e-mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu . Select the “Reports by E-Mail” bar to sign up. Print Subscriptions: For print subscriptions, call the National Technical Information Service (NTIS) at 1-800- 999-6779 or 703-605-6220. 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January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 624 Approved by the World Agricultural Outlook Board May 12, 2022 NOTE: Russia’s recent military invasion of Ukraine significantly increased the uncertainty of agricultural supply and demand conditions in the region and globally. The May WASDE represents an ongoing assessment of the short -term impacts as a result of this action. WHEAT: The outlook for 2022/23 U.S. wheat is for reduced supplies, exports, domestic use stocks, and higher prices. U.S. 2022/23 wheat supplies are projected down 3 percent, as lower beginning stocks more than offset a larger harvest. All wheat production for 2 022/23 is projected at 1,729 million bushels, up 83 million from last year, as higher yields more than offset a slight decrease in harvested area. The all wheat yield, projected at 46.6 bushels per acre, is up 2.3 bushels from last year. The first survey -based forecast for 2022/23 winter wheat production is down 8 percent from last year as lower Hard Red Winter and Soft Red Winter production more than offset an increase in White Wheat production. Abandonment for Winter Wheat is the highest since 2002 with the highest levels in Texas and Oklahoma. Spring Wheat production for 2022/23 is projected to rebound significantly from last year’s drought -reduced Hard Red Spring and Durum crops primarily on return- to-trend yields. Total 2022/23 domestic use is projected down 1 percent on lower feed and residual use more than offsetting higher food use. Exports are projected at 775 million bushels, down from revised 2021/22 exports and would be the lowest since 1971/72. Projected 2022/23 ending stocks are 6 percent lower than last year at 619 million bushels, the lowest level in nine years. The projected 2022/23 season -average farm price (SAFP) is a record $10.75 per bushel, up $3.05 from last year’s revised SAFP. Wheat cash and futures prices are expected to remain sharply elevated through the first part of the marketing year when the largest proportion of U.S. wheat is marketed. The global wheat outlook for 2022/23 is for lower supplies and consumption, increased trade, and lower ending stocks. Global production is forecast at 774.8 million tons, 4.5 million lower than in 2021/22. Reduced production in Ukraine, Australia, and Morocco is only partly offset by increases in Canada, Russia, and the United States. Production in Ukraine is forecast at 21.5 million tons i n 2022/23, 11.5 million lower than 2021/22 due to the ongoing war. Canada’s production is forecast to rebound to 33.0 million tons in 2022/23, up significantly from last year’s drought -affected crop. Projected 2022/23 world use is slightly lower at 787.5 million tons, as increases for food use are more than offset by declining feed and residual use. The largest feed and residual use reductions are in China, the European Union, and Australia as well as a sizeable decline in food use in India. Projected 2022/23 global trade is a record 204.9 million tons, up 5.0 million from last year. Imports are projected to rise on increased exportable supplies from Russia and Canada more than offsetting reductions for Ukraine and Australia. Russia is projected as the l eading 2022/23 wheat exporter at 39.0 million tons, followed by the European Union, Australia, Canada, and the United States. Ukraine’s 2022/23 export forecast is 10.0 million tons, down sharply from last year on reduced production and significant logistical constraints for exports. India is expected to remain a significant wheat exporter in 2022/23. Projected 2022/23 world ending stocks are reduced 5 percent to 267.0 million tons and would be the lowest level in six years. The largest change is for Indi a, where stocks are forecast to declin e to 16.4 million tons, a five- year low. WASDE- 624-2 COARSE GRAINS: The 2022/23 U.S. corn outlook is for lower production, domestic use, exports, ending stocks, and higher prices. The corn crop is projected at 14.5 billion bushels, down 4.3 percent from last year. The corn yield is projected at 177.0 bushels per acre, 4.0 bushels below the weather adjusted trend presented at USDA’s Agricultural Outlook Forum in February. The very slow start to this year’s planting in the major corn producing States and the likelihood that progress by mid- May will remain well behind normal reduce yield prospects. Despite beginning stocks that are up relative to a year ago, total corn supplies are forecast to decline 2.7 percent to 15.9 billion b ushels. Total U.S. corn use in 2022/23 is forecast to fall 2.5 percent on declines in domestic use and exports. Food, seed, and industrial (FSI) use is virtually unchanged at 6.8 billion bushels. Corn used for ethanol is unchanged relative to a year ago on expectations of flat U.S. motor gasoline consumption. Sorghum FSI is unchanged but higher than the minimum seen in recent years as China is expected to continue to source sorghum from other exporters in addition to the United States. Corn feed and residual use is down 4.9 percent relative to a year ago, reflecting a smaller crop, higher expected season -average farm prices received by producers, and a decline in grain consuming animal units. U.S. corn exports are forecast to decline 4.0 percent in 2022/23 as lower supplies and robust domestic demand limit prospects. Even with record exports projected for Argentina and Brazil, a 550-million -bushel drop in exports for Ukraine due to the ongoing conflict is the primary catalyst for a decline in world trade. With expectations of robust global demand in the face of high prices, the U.S. share of global corn trade is up slightly relative to a year ago. With total U.S. corn supply falling more than use, 2022/23 U.S. ending stocks are down 80 million bushels from last year. Stocks relative to use at 9.3 percent would be below a year ago and lower than the 14.4 percent average seen during 2015/16 to 2019/20. The season- average corn price received by producers is projected at $6.75 per bushel, up 85 cents from a year ago and if realized the highest since $6.89 reached during 2012/13. The global coarse grain outlook for 2022/23 is for lower production and use, and smaller ending stocks. World corn production is forecast to decline from last year’s record high, mostly reflecting reductions for Ukraine, the United States, the EU, and China that are partially offset by increases for Brazil, Argentina, Serbia, and South Africa. World corn use is expected to decline 1. 2 percent, with foreign consumption down 0. 9 percent. World corn imports are projected to fall 2.3 percent, with the largest year -over-year declines for China, Canada, the EU, Brazil, and the United Kingdom. Notable increases in corn imports include Vietnam, Iran, and Bangladesh. Global corn ending stocks are down 1. 4 percent to 305.1 million tons, mostly reflecting expected declines for China and the United States that are partially offset by increases for Brazil, Serbia, and Ukraine. For China, total coarse grain imports for 2022/23 are forecast at 37.9 million tons, down 5.0 million from a year ago and below the record 50.5 million reached during 2020/21. China’s internal market prices for energy feedstuffs remain higher than the world market, despite a surge in prices among major exporting countries. Corn imports are expected to decline 5.0 million tons to 18.0 million with a decline in imports from Ukraine. Barley imports are projected at 10.0 million tons and sorghum at 9.5 million. RICE : The 2022/23 outlook for U.S. rice is for reduced supplies, exports, domestic use, and ending stocks. Total 2022/23 supplies are projected at 258.2 million cwt, down 4 percent from a year earlier on lower production and beginning stocks more than offsetting record imports. All rice production is projected at 182. 7 million cwt, down 5 percent from 2021/22 on reduced harvested area and yield. The projected all rice yield is 7,596 pounds per acre, down 113 pounds from last year’s record with a reduction in relatively higher -yielding California acreage, as indicated in the NASS Prospective Plantings report. Projected all rice imports are 38.0 million cwt, up from the revised 34.5 million for 2021/22. Continued strong demand for Asian aromatic varieties and reduced domestic supplies are factors behind the increase. Domestic and residual use for 2022/23 is projected lower at 143.0 WASDE- 624-3 million cwt on reduced supplies. Exports are projected at 82.0 million cwt, down from the revised 85.0 million for 2021/22 with U.S. rice increasingly uncompetitive due to higher prices. A ll rice 2022/23 ending stocks are projected at 33.2 million cwt, down 11 percent from last year. The 2022/23 all rice season -average farm price (SAFP) is projected at a record $17.80 per cwt, up $2.10 from the 2021/22 revised SAFP. The increase for 2022/23 is primarily the result of a record long-grain SAFP and a record California medium - and short -grain SAFP. The global rice outlook for 2022/23 is for record production, consumption, and trade but with reduced ending stocks. Production is projected at a record 514.6 million tons, up slightly from the 2021/22 record with greater output expected from China, India, and Bangladesh, the three largest global rice producers. World rice consumption is projected at a record 518.4 million tons, up nearly 8.0 million from 2021/22 with most of the increase coming from India and China. Global trade is projected at 54.2 million tons, up 1.5 million from 2021/22 as higher exports are expected from several of the major Asia exporters, with India again projected as the leading global exporter and Thailand remaining a distant second. Projected 2022/23 world ending stocks are 186.3 million tons, down 3.8 million from the 2021/22 record, mostly on a reduction for China. OILSEEDS: The 2022/23 outlook for U.S. soybeans is for higher supplies, crush, exports, and ending stocks compared with 2021/22. The soybean crop is projected at 4.64 billion bushels, up 5 percent from last year’s crop mainly on higher harvested area. With slightly lower beginning stocks, soybean supplies are projected at 4.89 billion bushels, up 4 percent from 2021/22. Total U.S. oilseed production for 2022/23 is projected at 136.6 million tons, up 6.1 million from 2021/22 mainly on higher soybean production. Production forecasts are also higher for canola and sunflowerseed. The U.S. soybean crush for 2022/23 is projected at 2.26 billion bushels, up 40 million from the 2021/22 forecast. Domestic soybean meal disappearance is forecast to increase 2 percent from 2021/22 with low soybean meal prices relative to corn. U.S. soybean meal exports are forecast at 14.4 million short tons, leaving the U.S share of global trade near the prior 5- year average. With increased supplies, U.S. soybean exports are forecast at 2.2 billion bushels, up 60 m illion from the revised 2021/22 projection. Despite reduced soybean supplies available for export from South America for the first half of the 2022/23 marketing year, an anticipated record harvest and sharply higher exports beginning in early 2023 is expected to leave the U.S. with a lower share of global trade in 2022/23. U.S. ending stocks for 2022/23 are projected at 310 million bushels, up 75 million from the revised 2021/22 forecast. The 2022/23 U.S. season- average soybean price is forecast at $14.40 per bushel compared with $13.25 per bushel in 2021/22. Soybean meal prices are forecast down $20 per short ton from 2021/22 to $400 per short ton and soybean oil prices are forecast down 5 cents to average 70 cents per pound, as oilseed and product supplies rebound in foreign markets. Global oilseed production for 2022/23 is projected at 647.1 million tons, rising 50.3 million from last marketing year when droughts impacted South American soybean production and the Canadian canola crop. Global soybean production is forecast up 45.3 million tons to 394.7 million, with Brazil accounting for over half of the increase, up 24 million tons to a record 149 million. Argentina’s soybean crop is expected to reach 51 million tons and Paraguay 10 million. Partly offsetting higher global soybean and canola production is lower oilseed production for Ukraine. Global protein meal consumption is expected to grow 3 percent in 2022/23, recovering from slow growth in the past two marketing years. Nearly half of the gains are in China where soybean crush is forecast to increase 6 million tons from 2021/22 to 95 million. Exportable supplies of oilseed meals and oils are expected to recover, with higher 2022/23 crush for Canada and South America, which offset declines i n sunflower products out of Ukraine. Further, palm oil exports are expected to increase for Indonesia after slower -than-normal shipments and export restrictions in the prior marketing year. WASDE- 624-4 Global 2022/23 soybean exports are expected to increase 9 percent to 170.0 million tons after last year’s drought -related declines in South America. China accounts for about half of the trade growth, with 2022/23 imports rising 7 million tons to 99 million. Global soybean ending stocks are projected at 99.6 million t ons, up 14.4 million, with most of the increase in Brazil, Argentina, and the United States. Other notable soybean changes include back year revisions to China’s domestic consumption growth to better reflect per capita consumption and population growth. Soybean imports for China in 2021/22 are raised 1 million tons to 92 million. Global 2021/22 ending stocks are lowered with lower Chinese stocks, a reduction in Argentina’s soybean production, and lower U.S. stocks. SUGAR : U.S. sugarbeet production for 2022/23 is projected at 33.652 million tons with yield forecast at 30.23 tons/acre and area harvested projected at 1.113 million acres. Assuming average regional levels of beet pile shrink and slicing recovery, beet sugar production for the August -July crop year is projected at 4.922 million short tons, raw value (STRV). Sugar production from the 2022 crop in the August -September period is projected at 600,000 STRV, a drop of 78,461 from last month due to a very slow pace of plantings this year. The net effect of August -September production projected for both 2022 and 2023 (5- year average of 678,461) is to increase fiscal year 2022/23 production over the crop year to 5.000 million STRV. While beet sugar production for crop year 2021/22 is only marginally changed based on processors’ data, the fiscal year 2021/22 total is reduced to 5.254 million due to the lower anticipated production in 2022 August and September. Cane sugar production for 2022/23 is projected at 4.040 million STRV. Production levels in Florida, Louisiana, and Texas are expected to be close to 2021/22 levels. For 2021/22, Florida cane production is increased by 4,358 STRV to 1.942 million on processors’ reporting. TRQ imports for 2022/23 are projected at 1.379 million STRV with levels set at minimum levels consistent with the WTO and FTA bindings and with TRQ shortfall projected at 99,208. Re-export imports are projected at 250,000 STRV and high -tier tariff imports at 50,000 STRV. Imports from Mexico for 2022/23 are projected at 1.323 million STRV. For 2021/22, TRQ imports are up 159,625 STRV to 1.727 million on the reallocation of the TRQ shortfall. Shortfall for 2021/22 is now estimated at 70,548 STRV. Re-export imports are increased 50,000 STRV to 300,000 on pace to date. Imports from Mexico are up by 170,000 STRV to reflect the recent increase in the “Other Sugar” Export Limit made b y the Department of Commerce at the request of USDA. High-tier tariff imports for 2021/22 are increased by 31,833 STRV on recent imports of raw sugar paying the high duty. Deliveries for 2021/22 are increased by 85,000 STRV to 12.450 million on a very strong pace for the first 6 months of the fiscal year, especially by beet processors and direct importers of refined sugar. Deliveries for 2022/23 are at the same levels as estimated for 2021/22. Ending stocks for 2021/22 are estimated at 1.813 million STRV, implying a stocks -to-use ratio of 14.40 percent, up from 12.53 percent last month. Ending stocks for 2022/23 are residually projected at 1.266 million STRV for an ending stocks -to-use ratio of 10.05 percent. Mexico production for 2022/23 is projected at 6.000 million metric tons (MT). Area harvested is projected at 795,000 hectares, yield at 67.76 MT/hectare, and recovery at 11.14 percent. Production of less -than-99.2 pol raw sugar, or “Other Sugar” as defined in the AD/CVD Suspension Agreements, is projected at 792,868 MT. This production level corresponds to the 13.2 -percent 5 -year average of low pol sugar as a proportion of total sugar production. This sugar is for shipment to the U.S. market and is projected to constitute 70 percent of total exports to the United States, or 1.133 million MT. Deliveries, imports, and ending stocks are expected to be close to 2021/22 levels. Exports are residually projected at 1.628 million MT, with 495,804 going to destinations other than the United States under license. WASDE-6 24-5 LIVESTOCK, POULTRY, AND DAIRY: Total U.S. red meat and poultry production for 2023 is forec ast below 2022, as lower beef production more than offsets higher pork and poultry production. For 2023, beef production is forecast lower with expected declines in both fed and non-fe d cattle supplies. Pork production is forecast higher with increased farrowings and continued growth in productivity. Higher forecast broiler production reflects moderating feed costs and improved productivity. Turkey production is projected higher as the sector recovers from the 2022 Highly Pathogenic Avian Influenza (HPAI) outbreaks. Egg production is likewise forecast higher with post- HPAI flock rebuilding. Total red meat and poultry production forecasts for 2022 are raised from last month. Higher beef and broiler production more than offset a reduction in pork and turkey production. Beef production is raised, with more cattle placed in feedlots sooner than normally expected due to drought conditions, supporting higher annual fed cattle slaughter. Additionally, cow slaughter is forecast higher. Pork production is reduced on lighter expected carcass weights. Based on recent slaughter and hatchery data, the broiler production forecast is raised while the turkey production forecast is lowered. Egg production is lowered on reduced expected laying flocks. For 2023, beef exports are down from 2022 on lower beef production and higher prices. Beef imports are lower on tight global supplies. Pork imports are slightly higher compared to 2022 and exports are slightly lower. Broiler exports are forecast higher on increased production and lower prices, and turkey exports are forecast slightly higher on increased supplies and a resumption of pre-H PAI trade patterns. For 2022, beef and broiler exports are raised while pork and turkey exports are lowered bas ed on recent trade data. For 2023, cattle prices are forecast above 2022 on tighter supplies. Hog, broiler, and turkey prices are forecast lower with increased production. The egg price is forecast lower with higher expected production. The 2022 cattle price forecast is raised on recent data and tighter expected fed cattle supplies later in the year. Hog prices are lowered on prices to date and weaker demand, while broiler and turkey prices are raised on stronger prices to date and continued demand strength. Milk production for 2023 is forecast above 2022 driven by gains in milk per cow, with the milk c ow herd expected to average close to 2022 levels. Ex ports on a fat basis are forecast lower, largely on lower expected butter sales. On a skim-s olids basis, exports are forecast higher with gains expected i n cheese, skim milk powder, and whey sales. Imports are projected to grow on a skim-s olids basis with higher imports of a number of dairy products, but are unchanged on a fat basis. The Class III price is forecast lower on weaker cheese and whey prices. The Class IV price is forecast lower as well, with projections lower than 2022 for butter and non-f at dry milk. The 2023 all milk price is forecast at $23.55 per cwt. The 2022 milk production forecast is raised from the previous month, with higher milk cow inventories more than offsetting slower growth in milk per cow. Fat-b asis exports are raised from the previous month mainly on stronger butter and cheese shipments. The skim-s olids basis export forec ast is lowered on weaker skim milk powder and whey exports. Fat basis and skim-s olids basis import forecasts are raised from last month on higher expected imports of a number of dairy- containing p roducts. Cheese and butter prices are raised from the previous month on strong demand, but non-f at dry milk and whey prices are lowered. The Class III price is unchanged and Class IV is lowered. The 2022 all milk price is forecast at $25.75. COTTON: Des pite an expected 1-m illion -acre year-t o-year increase in U.S. area planted to cotton, (Continued on page 39) WASDE- 624-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone, ICEC Chair, WAOB, [email protected] Andrew Sowell , ERS; Rachel Trego, FAS; Pete Riley, FPAC. Rice: Mark Simone, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS; Pete Riley , FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Michael McC onnell, ERS; Yoonhee Macke, FAS; Sharon Raszap, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Maria Bukowski, ERS; Bill George, FAS; Gustavo Ferreira, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; Graham Soley, FAS; Kent Lanclos, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Vida Abadam, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Jacob Vuillemin, FAS; Ge orgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Grace Grossen, ERS; Claire Mezoughem, FAS; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Angel Teran, ERS; Paul Kiendl, FAS; Georgi Gabrielyan, FPAC. In 2022 the WASDE report will be released on Jun 10, Jul 12, Aug 12, Sep 12, Oct 12, Nov 9, and Dec 9 . WASDE- 624-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Production .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Highlights Continued .......................................................................................... 39 Electronic Access and Subscriptions ...................................................................... 40 May 2022 WASDE - 624 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2020/21 2724.13 3541.55 488.27 2739.91 801.64 2021/22 (Est.) 2793.56 3595.20 500.18 2790.99 804.21 filler filler filler filler filler 2022/23 (Proj.) Apr NA NA NA NA NA 2022/23 (Proj.) May 2765.33 3569.54 487.29 2785.91 783.63 filler filler filler filler filler Wheat 2020/21 775.72 1073.64 203.34 782.42 291.22 2021/22 (Est.) 779.29 1070.51 199.89 790.79 279.72 filler filler filler filler filler 2022/23 (Proj.) Apr NA NA NA NA NA 2022/23 (Proj.) May 774.83 1054.55 204.89 787.52 267.02 filler filler filler filler filler Coarse Grains 5/ 2020/21 1439.10 1776.53 234.00 1453.92 322.61 2021/22 (Est.) 1501.42 1824.03 247.66 1489.60 334.42 filler filler filler filler filler 2022/23 (Proj.) Apr NA NA NA NA NA 2022/23 (Proj.) May 1475.87 1810.30 228.20 1479.95 330.35 filler filler filler filler filler Rice, milled 2020/21 509.31 691.38 50.93 503.57 187.81 2021/22 (Est.) 512.86 700.67 52.64 510.60 190.07 filler filler filler filler filler 2022/23 (Proj.) Apr NA NA NA NA NA 2022/23 (Proj.) May 514.63 704.70 54.20 518.44 186.26 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2020/21 429.86 516.87 107.45 351.02 58.40 2021/22 (Est.) 449.59 514.17 95.97 360.09 58.11 filler filler filler filler filler 2022/23 (Proj.) Apr NA NA NA NA NA 2022/23 (Proj.) May 434.96 500.26 92.08 352.87 55.31 filler filler filler filler filler Wheat 2020/21 49.75 80.46 26.99 30.48 23.00 2021/22 (Est.) 44.79 70.38 21.91 30.65 17.82 filler filler filler filler filler 2022/23 (Proj.) Apr NA NA NA NA NA 2022/23 (Proj.) May 47.05 68.14 21.09 30.21 16.84 filler filler filler filler filler Coarse Grains 5/ 2020/21 372.89 427.19 77.48 315.70 34.01 2021/22 (Est.) 398.71 435.22 71.36 324.76 39.10 filler filler filler filler filler 2022/23 (Proj.) Apr NA NA NA NA NA 2022/23 (Proj.) May 382.10 423.92 68.39 318.12 37.41 filler filler filler filler filler Rice, milled 2020/21 7.22 9.22 2.98 4.85 1.39 2021/22 (Est.) 6.09 8.57 2.70 4.68 1.19 filler filler filler filler filler 2022/23 (Proj.) Apr NA NA NA NA NA 2022/23 (Proj.) May 5.80 8.20 2.60 4.54 1.05 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). May 2022 WASDE - 624 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2020/21 2,294.27 3,024.68 380.82 2,388.89 743.24 2021/22 (Est.) 2,343.97 3,081.03 404.22 2,430.90 746.10 filler filler filler filler filler 2022/23 (Proj.) Apr NA NA NA NA NA 2022/23 (Proj.) May 2,330.37 3,069.27 395.20 2,433.04 728.32 filler filler filler filler filler Wheat 2020/21 725.97 993.18 176.36 751.94 268.22 2021/22 (Est.) 734.50 1,000.13 177.98 760.15 261.89 filler filler filler filler filler 2022/23 (Proj.) Apr NA NA NA NA NA 2022/23 (Proj.) May 727.78 986.41 183.80 757.31 250.19 filler filler filler filler filler Coarse Grains 5/ 2020/21 1,066.21 1,349.34 156.52 1,138.22 288.60 2021/22 (Est.) 1,102.71 1,388.81 176.29 1,164.84 295.33 filler filler filler filler filler 2022/23 (Proj.) Apr NA NA NA NA NA 2022/23 (Proj.) May 1,093.77 1,386.37 159.81 1,161.83 292.93 filler filler filler filler filler Rice, milled 2020/21 502.09 682.16 47.95 498.72 186.42 2021/22 (Est.) 506.77 692.09 49.94 505.92 188.88 filler filler filler filler filler 2022/23 (Proj.) Apr NA NA NA NA NA 2022/23 (Proj.) May 508.83 696.50 51.60 513.90 185.20 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2020/21 111.48 209.13 48.51 121.69 88.07 2021/22 (Est.) 118.45 206.52 45.54 122.94 83.65 filler filler filler filler filler 2022/23 (Proj.) Apr NA NA NA NA NA 2022/23 (Proj.) May 121.06 204.71 47.56 121.99 82.82 filler filler filler filler filler United States 2020/21 14.61 21.86 16.37 2.40 3.15 2021/22 (Est.) 17.52 20.68 14.75 2.55 3.40 filler filler filler filler filler 2022/23 (Proj.) Apr NA NA NA NA NA 2022/23 (Proj.) May 16.50 19.91 14.50 2.50 2.90 filler filler filler filler filler Foreign 4/ 2020/21 96.87 187.27 32.14 119.29 84.92 2021/22 (Est.) 100.92 185.84 30.79 120.39 80.25 filler filler filler filler filler 2022/23 (Proj.) Apr NA NA NA NA NA 2022/23 (Proj.) May 104.56 184.80 33.06 119.49 79.92 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal t o world minus United States. See global cotton tables for treatment of export/import imbalances. May 2022 WASDE - 624 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2020/21 606.64 718.60 191.41 508.00 115.02 2021/22 (Est.) 596.87 711.89 177.97 510.31 103.16 filler filler filler filler filler 2022/23 (Proj.) Apr NA NA NA NA NA 2022/23 (Proj.) May 647.15 750.31 196.35 528.05 119.06 filler filler filler filler filler Oilmeals 2020/21 348.17 368.24 96.71 344.28 18.48 2021/22 (Est.) 348.81 367.29 94.02 344.62 17.36 filler filler filler filler filler 2022/23 (Proj.) Apr NA NA NA NA NA 2022/23 (Proj.) May 361.98 379.33 97.32 354.91 18.26 filler filler filler filler filler Vegetable Oils 2020/21 206.55 235.69 85.31 205.02 27.42 2021/22 (Est.) 211.71 239.13 81.77 208.36 27.14 filler filler filler filler filler 2022/23 (Proj.) Apr NA NA NA NA NA 2022/23 (Proj.) May 217.72 244.86 88.15 212.91 28.13 filler filler filler filler filler United States Output Total Supply Trade Total Use 2 / Ending Stocks Oilseeds 2020/21 124.52 141.69 62.64 62.66 8.64 2021/22 (Est.) 130.54 140.23 59.24 64.13 8.03 filler filler filler filler filler 2022/23 (Proj.) Apr NA NA NA NA NA 2022/23 (Proj.) May 136.60 145.77 60.89 65.75 10.14 filler filler filler filler filler Oilmeals 2020/21 48.25 53.01 12.71 39.92 0.39 2021/22 (Est.) 49.30 53.22 12.93 39.85 0.44 filler filler filler filler filler 2022/23 (Proj.) Apr NA NA NA NA NA 2022/23 (Proj.) May 50.64 54.92 13.30 41.08 0.54 filler filler filler filler filler Vegetable Oils 2020/21 12.70 18.86 1.04 16.53 1.29 2021/22 (Est.) 13.10 19.61 1.03 17.32 1.26 filler filler filler filler filler 2022/23 (Proj.) Apr NA NA NA NA NA 2022/23 (Proj.) May 13.43 20.09 0.87 18.06 1.16 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2020/21 482.12 576.91 128.78 445.35 106.39 2021/22 (Est.) 466.33 571.66 118.74 446.17 95.14 filler filler filler filler filler 2022/23 (Proj.) Apr NA NA NA NA NA 2022/23 (Proj.) May 510.54 604.53 135.46 462.31 108.92 filler filler filler filler filler Oilmeals 2020/21 299.93 315.23 84.00 304.36 18.09 2021/22 (Est.) 299.52 314.07 81.09 304.77 16.92 filler filler filler filler filler 2022/23 (Proj.) Apr NA NA NA NA NA 2022/23 (Proj.) May 311.34 324.42 84.02 313.83 17.72 filler filler filler filler filler Vegetable Oils 2020/21 193.84 216.83 84.28 188.49 26.13 2021/22 (Est.) 198.61 219.52 80.74 191.04 25.88 filler filler filler filler filler 2022/23 (Proj.) Apr NA NA NA NA NA 2022/23 (Proj.) May 204.29 224.76 87.27 194.85 26.97 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. May 2022 WASDE - 624 - 11 U.S. Wheat Supply and Use 1/ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Apr May Million Acres Area Planted 44.5 46.7 NA 47.4 * Area Harvested 36.8 37.2 NA 37.1 * Bushels Yield per Harvested Acre 49.7 44.3 NA 46.6 * Million Bushels Beginning Stocks 1,028 845 NA 655 Production 1,828 1,646 NA 1,729 Imports 100 95 NA 120 Supply, Total 2,957 2,586 NA 2,504 Food 961 962 NA 964 Seed 64 64 NA 66 Feed and Residual 95 100 NA 80 Domestic, Total 1,120 1,126 NA 1,110 Exports 992 805 NA 775 Use, Total 2,111 1,931 NA 1,885 Ending Stocks 845 655 NA 619 Avg. Farm Price ($/bu) 2/ 5.05 7.70 NA 10.75 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2021/22 (Est.) Beginning Stocks 428 235 85 70 27 845 Production 749 297 361 201 37 1,646 Supply, Total 3/ 1,182 572 451 276 105 2,586 Domestic Use 502 250 229 80 66 1,126 Exports 320 210 115 145 15 805 Use, Total 822 460 344 225 81 1,931 Ending Stocks, Total May 361 112 107 51 24 655 Ending Stocks, Total Apr 366 124 112 51 25 678 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. * Planted acres reported in the March 31, 2022, "Prospective Plantings." Harvested acres and yield for other spring wheat and Durum are projected using 10- year harvested -to-planted ratios by state and 1985- 2021 yield trends by state (except for Arizona and California Durum). Winter wheat harvested acres and yield reported in the May 12, 2022,"Crop Production." ** Wheat -by-class projections for 2022/23 will first be published in the July 12, 2022, WASDE. May 2022 WASDE - 624 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Apr May Million Acres Area Planted 102.3 105.9 NA 101.2 * Area Harvested 90.6 94.5 NA 90.5 * Metric Tons Yield per Harvested Acre 4.11 4.22 NA 4.22 Million Metric Tons Beginning Stocks 51.8 34.0 NA 39.1 Production 372.6 398.5 NA 381.8 Imports 2.2 2.2 NA 2.5 Supply, Total 426.6 434.7 NA 423.3 Feed and Residual 146.3 147.1 NA 139.6 Food, Seed & Industrial 168.9 177.2 NA 178.0 Domestic, Total 315.2 324.3 NA 317.5 Exports 77.5 71.4 NA 68.4 Use, Total 392.6 395.6 NA 385.9 Ending Stocks 34.0 39.1 NA 37.4 CORN 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. April May Million Acres Area Planted 90.7 93.4 NA 89.5 * Area Harvested 82.3 85.4 NA 81.7 * Bushels Yield per Harvested Acre 171.4 177.0 NA 177.0 * Million Bushels Beginning Stocks 1,919 1,235 NA 1,440 Production 14,111 15,115 NA 14,460 Imports 24 25 NA 25 Supply, Total 16,055 16,375 NA 15,925 Feed and Residual 5,598 5,625 NA 5,350 Food, Seed & Industrial 2/ 6,470 6,810 NA 6,815 Ethanol & by -products 3/ 5,033 5,375 NA 5,375 Domestic, Total 12,068 12,435 NA 12,165 Exports 2,753 2,500 NA 2,400 Use, Total 14,821 14,935 NA 14,565 Ending Stocks 1,235 1,440 NA 1,360 Avg. Farm Price ($/bu) 4/ 4.53 5.90 NA 6.75 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by- products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average pric e received by farmers. * Planted acres reported in the March 31, 2022, "Prospective Plantings." For corn, harvested acres projected based on historical abandonment and use for silage. The yield projection is based on a weather -adjusted trend, estimated using the 1988- 2021 time period, assuming normal summer growing season weather but lowered to reflect the slow pace of planting progress as of early May. May 2022 WASDE - 624 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Apr May Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 5.9 7.3 NA 6.2 * Area Harvested (mil. acres) 5.1 6.5 NA 5.5 * Yield (bushels/acre) 73.2 69.0 NA 69.3 * Beginning Stocks 30 20 NA 33 Production 373 448 NA 381 Imports 0 0 NA 0 Supply, Total 403 468 NA 414 Feed and Residual 92 115 NA 85 Food, Seed & Industrial 7 20 NA 20 Total Domestic 99 135 NA 105 Exports 284 300 NA 285 Use, Total 383 435 NA 390 Ending Stocks 20 33 NA 24 Avg. Farm Price ($/bu) 2/ 5.04 5.95 NA 6.65 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. April May Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.7 2.7 NA 2.9 * Area Harvested (mil. acres) 2.2 1.9 NA 2.4 * Yield (bushels/acre) 77.2 60.4 NA 75.4 * Beginning Stocks 80 71 NA 57 Production 171 118 NA 181 Imports 7 12 NA 9 Supply, Total 258 201 NA 247 Feed and Residual 26 20 NA 15 Food, Seed & Industrial 147 115 NA 145 Total Domestic 172 135 NA 160 Exports 14 9 NA 7 Use, Total 186 144 NA 167 Ending Stocks 71 57 NA 80 Avg. Farm Price ($/bu) 2/ 4.75 5.30 NA 7.35 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. April May Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.0 2.6 NA 2.5 * Area Harvested (mil. acres) 1.0 0.7 NA 0.9 * Yield (bushels/acre) 65.1 61.3 NA 65.6 * Beginning Stocks 37 38 NA 28 Production 66 40 NA 59 Imports 85 78 NA 95 Supply, Total 188 156 NA 182 Feed and Residual 68 45 NA 65 Food, Seed & Industrial 78 80 NA 81 Total Domestic 147 125 NA 146 Exports 3 3 NA 2 Use, Total 150 128 NA 148 Ending Stocks 38 28 NA 34 Avg. Farm Price ($/bu) 2/ 2.77 4.40 NA 5.70 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. * Planted acres reported in the March 31, 2022, "Prospective Plantings." Harvested area for sorghum, barley and oats based on historical average harvested- to-planted ratios. For sorghum the projected yield is the median yield for 2002- 2021. For barley and oats, projected yields are based on the 1992 -2021 linear trends. Yields shown reflect production rounding. May 2022 WASDE - 624 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Apr May Million Acres Area Planted 3.04 2.53 NA 2.45 * Area Harvested 2.99 2.49 NA 2.41 * Fil ler Pounds Yield per Harvested Acre 7,619 7,709 NA 7,596 * Million Hundredweight Beginning Stocks 2/ 28.7 43.7 NA 37.5 Production 227.5 191.8 NA 182.7 Imports 34.1 34.5 NA 38.0 Supply, Total 290.2 270.0 NA 258.2 Domestic & Residual 3/ 152.7 147.5 NA 143.0 Exports, Total 4/ 93.9 85.0 NA 82.0 Rough 34.6 33.0 NA 34.0 Milled (rough equiv.) 59.3 52.0 NA 48.0 Use, Total 246.6 232.5 NA 225.0 Ending Stocks 43.7 37.5 NA 33.2 Avg. Milling Yield (%) 5/ 70.00 70.00 NA 70.00 Avg. Farm Price ($/cwt) 6/ 14.40 15.70 NA 17.80 Total LONG -GRAIN RICE 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. April May Harvested Acres (mil.) 2.30 1.94 Yield (pounds/acre) 7,422 7,471 Beginning Stocks 16.9 29.7 NA 21.4 Imports 27.4 28.0 NA 30.0 Production 170.8 144.6 NA 140.9 Supply, Total 7/ 215.1 202.4 NA 192.3 Domestic & Residual 3/ 120.2 117.0 NA 113.0 Exports 8/ 65.1 64.0 NA 61.0 Use, Total 185.3 181.0 NA 174.0 Ending Stocks 29.7 21.4 NA 18.3 Avg. Farm Price ($/cwt) 6/ 12.60 13.80 NA 15.50 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. April May Harvested Acres (mil.) 0.69 0.55 Yield (pounds/acre) 8,282 8,543 Beginning Stocks 10.7 11.5 NA 13.6 Imports 6.7 6.5 NA 8.0 Production 56.7 47.2 NA 41.8 Supply, Total 7/ 72.7 65.1 NA 63.4 Domestic & Residual 3/ 32.4 30.5 NA 30.0 Exports 8/ 28.8 21.0 NA 21.0 Use, Total 61.2 51.5 NA 51.0 Ending Stocks 11.5 13.6 NA 12.4 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 20.10 21.50 NA 24.80 California 10/ 22.60 25.00 NA 29.00 Other States 1/ 13.00 14.00 NA 16.00 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2017/18 -1.4; 2018/19-2.1; 2019 /20-1.0. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing -year weighted average price received by farm ers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The California medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. 10/ Marketing year beginning October 1. * Planted acres reported in March 31, 2022, "Prospective Plantings. " Harvested acres are estimated using long run harvested -to-planted ratios by rice class. Projected yield is based on by class trend analysis. May 2022 WASDE - 624 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Apr May Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 83.4 87.2 NA 91.0 * Area Harvested 82.6 86.3 NA 90.1 * Fil ler Bushels Yield per Harvested Acre 51.0 51.4 NA 51.5 * Million Bushels Beginning Stocks 525 257 NA 235 Production 4,216 4,435 NA 4,640 Imports 20 15 NA 15 Supply, Total 4,761 4,707 NA 4,890 Crushings 2,141 2,215 NA 2,255 Exports 2,261 2,140 NA 2,200 Seed 101 106 NA 102 Residual 1 12 NA 23 Use, Total 4,504 4,472 NA 4,580 Ending Stocks 257 235 NA 310 Avg. Farm Price ($/bu) 2/ 10.80 13.25 NA 14.40 Total SOYBEAN OIL 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. April May Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,853 2,131 NA 1,976 Production 4/ 25,023 26,205 NA 26,430 Imports 302 450 NA 500 Supply, Total 27,177 28,786 NA 28,906 Domestic Disappearance 23,323 25,085 NA 25,800 Biofuel 3/ 8,850 10,700 NA 12,000 Food, Feed & other Industrial 14,473 14,385 NA 13,800 Exports 1,723 1,725 NA 1,400 Use, Total 25,046 26,810 NA 27,200 Ending stocks 2,131 1,976 NA 1,706 Avg. Price (c/lb) 2/ 56.87 75.00 NA 70.00 Total SOYBEAN MEAL 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. April May Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 341 341 NA 400 Production 4/ 50,565 51,859 NA 53,050 Imports 783 500 NA 450 Supply, Total 51,689 52,700 NA 53,900 Domestic Disappearance 37,580 38,300 NA 39,000 Exports 13,768 14,000 NA 14,400 Use, Total 51,348 52,300 NA 53,400 Ending Stocks 341 400 NA 500 Avg. Price ($/s.t.) 2/ 392.31 420.00 NA 400.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects soybean oil used for biofuels as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,215 million bushels for 2021/22 and 2,255 million bushels for 2022/23. *Planted acres are reported in the March 31, 2022 Prospective Plantings repor t. Harvested acres are based on historical planted -to-harvested ratios. The projected yield is based on a weather -adjusted trend model and assumes normal weather. May 2022 WASDE - 624 - 16 U.S. Sugar Supply and Use 1/ 2020/21 2021/22 Est. 2021/22 Est. 2022/23 Proj. Apr May May Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,618 1,705 1,705 1,813 Production 2/ 9,233 9,309 9,229 9,040 Beet Sugar 5,092 5,338 5,254 5,000 Cane Sugar 4,141 3,971 3,976 4,040 Florida 2,090 1,937 1,942 2,000 Louisiana 1,918 1,906 1,906 1,910 Texas 134 128 128 130 Imports 3,195 3,058 3,469 3,003 TRQ 3/ 1,749 1,568 1,727 1,379 Other Program 4/ 292 250 300 250 Non-program 1,154 1,240 1,442 1,373 Mexico 968 1,050 1,220 1,323 High -tier tariff/other 186 190 221 50 Total Supply 14,046 14,072 14,403 13,856 Exports 49 35 35 35 Deliveries 12,252 12,470 12,555 12,555 Food 12,135 12,365 12,450 12,450 Other 5/ 116 105 105 105 Miscellaneous 40 0 0 0 Total Use 12,341 12,505 12,590 12,590 Ending Stocks 1,705 1,567 1,813 1,266 Stocks to Use Ratio 13.8 12.5 14.4 10.1 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2021/22 and 2022/23 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2021/22, WTO raw sugar TRQ short fall (71) and for 2022/23 (99). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE - reported deliveries: 2020/21 -- 298; estimated 2021/22 -- 314; projected 2022/23 -- 315 Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2021/22 Est. Apr 1,053 6,167 50 4,412 1,939 919 2021/22 Est. May 1,053 6,167 50 4,412 1,937 921 2022/23 Proj. Apr NA NA NA NA NA NA 2022/23 Proj. May 921 6,000 50 4,422 1,628 921 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2020/21 = 1,320; Estimated 2020/21 = 1,310; Projected 2022/23 = 1,317; Estimated Oct - Mar 2022 = 619, Oct - Mar 2021 = 634. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistica l Adjustments. IMMEX: 2021/22 (497 est =462 dom.+35 import); 2022/23 (497 proj = 462 dom.+35 import). Statistical Adjustments: 2021/22 (0), 2022/23 (0). May 2022 WASDE - 624 - 17 U.S. Cotton Supply and Use 1/ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Apr May Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 12.09 11.22 NA 12.23 * Harvested 8.22 10.27 NA 9.14 * Fil ler Pounds Yield per Harvested Acre 853 819 NA 867 * Million 480 Pound Bales Beginning Stocks 7.25 3.15 NA 3.40 Production 14.61 17.52 NA 16.50 Imports 0.00 0.01 NA 0.01 Supply, Total 21.86 20.68 NA 19.91 Domestic Use 2.40 2.55 NA 2.50 Exports, Total 16.37 14.75 NA 14.50 Use, Total 18.77 17.30 NA 17.00 Unaccounted 2/ -0.06 -0.02 NA 0.01 Ending Stocks 3.15 3.40 NA 2.90 Avg. Farm Price 3/ 66.3 92.0 NA 90.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. *Planted area as reported in March 31, 2022 Prospective Plantings. Harvested area based on 10 -year average abandonment by region, with the Southwest adjusted to reflect unfavorable moisture conditions. Yield based on 5 -year average yields by region. May 2022 WASDE - 624 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 297.92 775.72 195.37 158.03 782.42 203.34 291.22 World Less China 147.91 641.47 184.75 118.03 632.42 202.58 147.10 United States 27.99 49.75 2.73 2.59 30.48 26.99 23.00 Total Foreign 269.94 725.97 192.64 155.44 751.94 176.36 268.22 Major Exporters 4/ 32.38 323.59 6.66 72.83 179.43 147.50 35.70 Argentina 2.36 17.64 0.01 0.05 6.35 11.53 2.12 Australia 2.68 33.30 0.20 4.50 8.00 23.85 4.33 Canada 5.50 35.18 0.55 4.18 9.13 26.43 5.67 European Union 5/ 13.11 126.69 5.38 42.50 104.75 29.74 10.69 Russia 7.23 85.35 0.40 19.00 42.50 39.10 11.38 Ukraine 1.50 25.42 0.13 2.60 8.70 16.85 1.51 Major Importers 6/ 193.57 200.40 125.06 57.58 323.57 12.62 182.84 Bangladesh 1.76 1.18 7.20 0.50 8.00 0.00 2.14 Brazil 1.99 6.25 6.40 0.40 11.80 0.93 1.91 China 150.02 134.25 10.62 40.00 150.00 0.76 144.12 Japan 1.21 1.00 5.49 0.65 6.25 0.30 1.15 N. Africa 7/ 14.36 15.81 28.50 1.75 46.72 0.80 11.14 Nigeria 0.30 0.06 6.59 0.05 5.55 0.60 0.79 Sel. Mideast 8/ 11.61 20.62 17.74 3.54 38.85 0.62 10.50 Southeast Asia 9/ 5.91 0.00 25.84 7.29 25.05 1.14 5.56 Selected Other India 24.70 107.86 0.02 6.50 102.22 2.56 27.80 Kazakhstan 0.66 14.26 1.00 1.45 6.25 8.19 1.48 United Kingdom 2.44 9.66 3.22 5.96 13.46 0.45 1.42 2021/22 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 291.22 779.29 196.49 161.02 790.79 199.89 279.72 World Less China 147.10 642.34 186.79 126.02 642.79 199.04 137.80 United States 23.00 44.79 2.59 2.72 30.65 21.91 17.82 Total Foreign 268.22 734.50 193.91 158.30 760.15 177.98 261.89 Major Exporters 4/ 35.70 326.69 5.70 78.05 185.20 141.50 41.39 Argentina 2.12 22.15 0.00 0.05 6.45 15.50 2.33 Australia 4.33 36.30 0.20 5.00 8.50 27.50 4.83 Canada 5.67 21.65 0.60 4.50 9.50 15.50 2.92 European Union 5/ 10.69 138.42 4.50 46.00 109.00 31.00 13.61 Russia 11.38 75.16 0.30 18.50 41.75 33.00 12.09 Ukraine 1.51 33.01 0.10 4.00 10.00 19.00 5.61 Major Importers 6/ 182.84 203.23 130.95 53.69 323.92 14.95 178.16 Bangladesh 2.14 1.13 7.50 0.60 8.50 0.00 2.27 Brazil 1.91 7.70 6.50 0.45 11.75 3.20 1.16 China 144.12 136.95 9.70 35.00 148.00 0.85 141.92 Japan 1.15 1.13 5.40 0.75 6.30 0.30 1.08 N. Africa 7/ 11.14 20.43 28.00 1.97 47.12 0.41 12.05 Nigeria 0.79 0.09 6.20 0.05 5.85 0.60 0.63 Sel. Mideast 8/ 10.50 16.50 23.05 3.97 39.20 0.71 10.14 Southeast Asia 9/ 5.56 0.00 25.80 7.20 25.23 1.16 4.97 Selected Other India 27.80 109.59 0.03 7.00 107.91 8.15 21.35 Kazakhstan 1.48 11.81 1.40 1.45 6.25 7.00 1.44 United Kingdom 1.42 13.99 2.30 7.35 15.30 0.70 1.70 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2022 WASDE - 624 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Apr NA NA NA NA NA NA NA May 279.72 774.83 201.26 153.53 787.52 204.89 267.02 World Less China Apr NA NA NA NA NA NA NA May 137.80 639.83 191.76 123.53 643.52 203.99 125.51 United States Apr NA NA NA NA NA NA NA May 17.82 47.05 3.27 2.18 30.21 21.09 16.84 Total Foreign Apr NA NA NA NA NA NA NA May 261.89 727.78 198.00 151.35 757.31 183.80 250.19 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 41.39 321.00 6.21 77.55 185.15 147.00 36.44 Argentina Apr NA NA NA NA NA NA NA May 2.33 20.00 0.01 0.05 6.55 14.00 1.78 Australia Apr NA NA NA NA NA NA NA May 4.83 30.00 0.20 4.00 7.55 24.00 3.48 Canada Apr NA NA NA NA NA NA NA May 2.92 33.00 0.60 4.00 9.10 24.00 3.42 European Union 5/ Apr NA NA NA NA NA NA NA May 13.61 136.50 5.00 44.50 108.50 36.00 10.61 Russia Apr NA NA NA NA NA NA NA May 12.09 80.00 0.30 19.00 42.25 39.00 11.14 Ukraine Apr NA NA NA NA NA NA NA May 5.61 21.50 0.10 6.00 11.20 10.00 6.01 Major Importers 6/ Apr NA NA NA NA NA NA NA May 178.16 201.50 132.80 46.89 320.91 15.02 176.53 Bangladesh Apr NA NA NA NA NA NA NA May 2.27 1.10 7.50 0.60 8.70 0.00 2.17 Brazil Apr NA NA NA NA NA NA NA May 1.16 8.50 6.40 0.55 12.05 2.80 1.21 China Apr NA NA NA NA NA NA NA May 141.92 135.00 9.50 30.00 144.00 0.90 141.52 Japan Apr NA NA NA NA NA NA NA May 1.08 1.15 5.30 0.60 6.10 0.30 1.13 N. Africa 7/ Apr NA NA NA NA NA NA NA May 12.05 17.25 29.20 1.87 47.72 0.51 10.27 Nigeria Apr NA NA NA NA NA NA NA May 0.63 0.11 6.50 0.00 6.00 0.60 0.64 Sel. Mideast 8/ Apr NA NA NA NA NA NA NA May 10.14 17.59 22.97 3.42 39.34 0.77 10.59 Southeast Asia 9/ Apr NA NA NA NA NA NA NA May 4.97 0.00 26.03 6.70 25.05 1.15 4.80 Selected Other India Apr NA NA NA NA NA NA NA May 21.35 108.50 0.03 7.00 105.00 8.50 16.38 Kazakhstan Apr NA NA NA NA NA NA NA May 1.44 13.00 1.00 1.40 6.23 8.00 1.21 United Kingdom Apr NA NA NA NA NA NA NA May 1.70 14.40 2.00 7.70 15.70 0.90 1.50 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2022 WASDE - 624 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 337.43 1,439.10 234.46 902.38 1,453.92 234.00 322.61 World Less China 136.48 1,170.02 183.93 681.43 1,140.82 233.99 115.15 United States 51.83 372.89 2.48 146.49 315.70 77.48 34.01 Total Foreign 285.60 1,066.21 231.99 755.89 1,138.22 156.52 288.60 Major Exporters 4/ 24.24 295.85 5.47 133.47 179.57 126.71 19.27 Argentina 4.57 60.00 0.02 11.28 17.01 45.52 2.06 Australia 3.01 17.09 0.00 5.26 7.14 10.52 2.44 Brazil 5.82 90.32 3.35 62.42 73.86 21.04 4.60 Canada 3.98 29.64 1.89 16.69 24.65 7.26 3.61 Russia 1.87 41.40 0.09 21.47 31.04 10.42 1.90 Ukraine 2.55 39.59 0.07 9.25 12.41 28.15 1.65 Major Importers 5/ 36.36 252.76 137.72 294.60 377.01 13.22 36.61 European Union 6/ 14.16 155.35 15.87 119.89 159.29 11.45 14.64 Japan 1.74 0.23 16.98 13.45 17.29 0.00 1.66 Mexico 4.14 32.66 17.15 30.34 49.84 0.51 3.60 N. Afr & Mideast 7/ 7.77 32.61 38.76 63.25 71.46 0.69 7.00 Saudi Arabia 1.72 0.19 10.03 10.25 10.61 0.00 1.33 Southeast Asia 8/ 3.82 31.40 22.65 43.43 51.72 0.57 5.59 South Korea 2.02 0.24 11.80 9.47 12.03 0.00 2.04 Selected Other China 200.96 269.08 50.53 220.95 313.11 0.01 207.46 2021/22 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 322.61 1,501.42 229.04 916.75 1,489.60 247.66 334.42 World Less China 115.15 1,220.57 186.19 688.70 1,169.35 247.61 123.57 United States 34.01 398.71 2.50 147.24 324.76 71.36 39.10 Total Foreign 288.60 1,102.71 226.54 769.51 1,164.84 176.29 295.33 Major Exporters 4/ 19.27 335.03 6.63 143.73 188.85 147.70 24.39 Argentina 2.06 62.89 0.01 11.76 17.48 45.00 2.46 Australia 2.44 18.40 0.00 5.50 7.38 11.58 1.89 Brazil 4.60 120.62 2.50 66.10 78.04 44.53 5.16 Canada 3.61 24.21 3.97 16.49 23.79 5.05 2.95 Russia 1.90 38.54 0.10 21.23 29.91 9.23 1.40 Ukraine 1.65 53.51 0.03 15.24 18.32 29.11 7.77 Major Importers 5/ 36.61 248.65 138.44 290.77 373.89 14.53 35.28 European Union 6/ 14.64 154.08 17.29 117.99 157.56 13.02 15.43 Japan 1.66 0.24 16.92 13.41 17.25 0.00 1.57 Mexico 3.60 33.35 18.25 31.19 50.74 0.40 4.06 N. Afr & Mideast 7/ 7.00 29.38 41.83 62.61 71.29 0.49 6.43 Saudi Arabia 1.33 0.20 9.31 9.06 9.41 0.00 1.43 Southeast Asia 8/ 5.59 31.11 18.55 42.65 50.94 0.63 3.67 South Korea 2.04 0.22 11.82 9.45 12.01 0.00 2.06 Selected Other China 207.46 280.85 42.85 228.05 320.25 0.05 210.86 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, Sout h Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turke y. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2022 WASDE - 624 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Apr NA NA NA NA NA NA NA May 334.42 1,475.87 221.24 912.83 1,479.95 228.20 330.35 World Less China Apr NA NA NA NA NA NA NA May 123.57 1,196.57 183.39 680.78 1,156.70 228.15 125.64 United States Apr NA NA NA NA NA NA NA May 39.10 382.10 2.72 139.81 318.12 68.39 37.41 Total Foreign Apr NA NA NA NA NA NA NA May 295.33 1,093.77 218.52 773.03 1,161.83 159.81 292.93 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 24.39 326.67 4.50 144.53 190.95 134.84 29.76 Argentina Apr NA NA NA NA NA NA NA May 2.46 64.92 0.01 11.97 17.77 47.20 2.42 Australia Apr NA NA NA NA NA NA NA May 1.89 15.02 0.00 5.02 6.90 8.18 1.84 Brazil Apr NA NA NA NA NA NA NA May 5.16 130.54 1.80 69.50 81.99 47.03 8.49 Canada Apr NA NA NA NA NA NA NA May 2.95 29.81 2.54 17.36 24.75 7.25 3.30 Russia Apr NA NA NA NA NA NA NA May 1.40 41.93 0.10 22.28 31.43 10.45 1.56 Ukraine Apr NA NA NA NA NA NA NA May 7.77 26.56 0.00 11.02 14.15 11.03 9.15 Major Importers 5/ Apr NA NA NA NA NA NA NA May 35.28 247.97 137.93 289.01 372.40 13.82 34.97 European Union 6/ Apr NA NA NA NA NA NA NA May 15.43 151.62 16.09 115.75 155.38 12.27 15.48 Japan Apr NA NA NA NA NA NA NA May 1.57 0.24 16.67 13.06 16.95 0.00 1.53 Mexico Apr NA NA NA NA NA NA NA May 4.06 33.50 18.47 31.74 51.36 0.60 4.07 N. Afr & Mideast 7/ Apr NA NA NA NA NA NA NA May 6.43 30.72 40.31 62.40 70.92 0.37 6.17 Saudi Arabia Apr NA NA NA NA NA NA NA May 1.43 0.19 9.51 9.55 9.91 0.00 1.23 Southeast Asia 8/ Apr NA NA NA NA NA NA NA May 3.67 31.41 20.81 42.85 51.40 0.58 3.90 South Korea Apr NA NA NA NA NA NA NA May 2.06 0.22 11.60 9.24 11.80 0.00 2.09 Selected Other China Apr NA NA NA NA NA NA NA May 210.86 279.30 37.85 232.05 323.25 0.05 204.71 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisi a, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2022 WASDE - 624 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 307.46 1,129.00 185.61 723.73 1,143.29 182.97 293.17 World Less China 106.94 868.33 156.10 520.73 858.29 182.97 87.47 United States 48.76 358.45 0.62 142.20 306.54 69.92 31.36 Total Foreign 258.71 770.55 185.00 581.54 836.75 113.05 261.81 Major Exporters 4/ 13.37 200.12 2.92 90.70 113.30 93.62 9.50 Argentina 3.62 52.00 0.01 9.50 13.50 40.94 1.18 Brazil 5.33 87.00 2.85 59.50 70.00 21.02 4.15 Russia 0.83 13.87 0.04 8.90 10.00 3.99 0.75 South Africa 2.12 16.95 0.01 6.90 12.70 3.80 2.58 Ukraine 1.48 30.30 0.02 5.90 7.10 23.86 0.83 Major Importers 5/ 20.81 132.40 92.89 164.07 219.23 4.79 22.08 Egypt 1.73 6.40 9.63 13.90 16.40 0.01 1.36 European Union 6/ 7.38 67.14 14.49 57.00 77.40 3.74 7.88 Japan 1.39 0.01 15.48 12.00 15.45 0.00 1.42 Mexico 3.52 27.35 16.50 25.60 43.80 0.48 3.08 Southeast Asia 7/ 3.81 31.35 20.69 41.65 49.70 0.57 5.58 South Korea 2.00 0.09 11.71 9.42 11.78 0.00 2.02 Selected Other Canada 2.56 13.56 1.58 8.59 13.98 1.56 2.17 China 200.53 260.67 29.51 203.00 285.00 0.00 205.70 2021/22 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2 / Exports Ending Stocks World 3/ 293.17 1,215.62 180.99 749.98 1,199.40 197.79 309.39 World Less China 87.47 943.06 157.99 540.98 908.40 197.77 99.15 United States 31.36 383.94 0.64 142.88 315.86 63.50 36.57 Total Foreign 261.81 831.67 180.35 607.09 883.54 134.28 272.82 Major Exporters 4/ 9.50 242.65 2.07 100.90 124.10 114.20 15.92 Argentina 1.18 53.00 0.01 9.80 13.70 39.00 1.49 Brazil 4.15 116.00 2.00 62.00 73.00 44.50 4.65 Russia 0.75 15.23 0.05 9.80 10.90 4.50 0.63 South Africa 2.58 16.30 0.00 7.30 13.30 3.20 2.38 Ukraine 0.83 42.13 0.02 12.00 13.20 23.00 6.77 Major Importers 5/ 22.08 136.76 90.80 166.70 222.05 6.23 21.36 Egypt 1.36 7.44 9.20 13.90 16.40 0.01 1.59 European Union 6/ 7.88 70.50 16.00 59.90 80.50 5.20 8.68 Japan 1.42 0.01 15.40 12.00 15.45 0.00 1.38 Mexico 3.08 27.60 17.50 26.20 44.40 0.40 3.38 Southeast Asia 7/ 5.58 31.06 16.60 40.90 48.95 0.63 3.66 South Korea 2.02 0.08 11.70 9.40 11.75 0.00 2.05 Selected Other Canada 2.17 13.98 3.80 10.80 16.00 1.80 2.15 China 205.70 272.55 23.00 209.00 291.00 0.02 210.24 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2022 WASDE - 624 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Apr NA NA NA NA NA NA NA May 309.39 1,180.72 176.84 746.62 1,184.97 182.70 305.13 World Less China Apr NA NA NA NA NA NA NA May 99.15 909.72 158.84 532.62 889.97 182.68 100.91 United States Apr NA NA NA NA NA NA NA May 36.57 367.30 0.64 135.90 309.01 60.96 34.54 Total Foreign Apr NA NA NA NA NA NA NA May 272.82 813.41 176.20 610.72 875.97 121.74 270.59 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 15.92 233.30 1.36 100.80 124.70 105.00 20.87 Argentina Apr NA NA NA NA NA NA NA May 1.49 55.00 0.01 10.00 14.00 41.00 1.49 Brazil Apr NA NA NA NA NA NA NA May 4.65 126.00 1.30 65.50 77.00 47.00 7.95 Russia Apr NA NA NA NA NA NA NA May 0.63 15.50 0.05 10.00 11.20 4.30 0.68 South Africa Apr NA NA NA NA NA NA NA May 2.38 17.30 0.00 7.30 13.30 3.70 2.68 Ukraine Apr NA NA NA NA NA NA NA May 6.77 19.50 0.00 8.00 9.20 9.00 8.07 Major Importers 5/ Apr NA NA NA NA NA NA NA May 21.36 134.82 91.95 164.90 220.55 5.89 21.69 Egypt Apr NA NA NA NA NA NA NA May 1.59 7.44 9.20 13.90 16.40 0.01 1.83 European Union 6/ Apr NA NA NA NA NA NA NA May 8.68 68.25 15.00 58.00 78.60 4.70 8.63 Japan Apr NA NA NA NA NA NA NA May 1.38 0.01 15.20 11.70 15.20 0.00 1.39 Mexico Apr NA NA NA NA NA NA NA May 3.38 27.60 17.70 26.50 44.70 0.60 3.38 Southeast Asia 7/ Apr NA NA NA NA NA NA NA May 3.66 31.36 18.95 41.20 49.50 0.58 3.89 South Korea Apr NA NA NA NA NA NA NA May 2.05 0.08 11.50 9.20 11.55 0.00 2.08 Selected Other Canada Apr NA NA NA NA NA NA NA May 2.15 14.00 2.50 9.70 14.90 1.60 2.15 China Apr NA NA NA NA NA NA NA May 210.24 271.00 18.00 214.00 295.00 0.02 204.22 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2022 WASDE - 624 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 182.06 509.31 46.45 503.57 50.93 187.81 World Less China 65.56 361.01 42.23 353.27 48.71 71.31 United States 0.91 7.22 1.08 4.85 2.98 1.39 Total Foreign 181.15 502.09 45.37 498.72 47.95 186.42 Major Exporters 4/ 41.22 191.63 2.01 149.52 38.31 47.03 Burma 1.01 12.60 0.00 10.50 1.90 1.21 India 33.90 124.37 0.00 101.07 20.20 37.00 Pakistan 1.15 8.42 0.01 3.80 3.88 1.90 Thailand 3.98 18.86 0.20 12.70 6.06 4.28 Vietnam 1.18 27.38 1.80 21.45 6.27 2.64 Major Importers 5/ 128.87 240.06 17.05 255.07 2.71 128.21 China 116.50 148.30 4.22 150.29 2.22 116.50 European Union 6/ 0.90 1.83 1.78 3.40 0.45 0.66 Indonesia 3.31 34.50 0.65 35.40 0.00 3.06 Nigeria 1.49 5.15 2.20 7.15 0.00 1.69 Philippines 3.60 12.42 2.20 14.45 0.00 3.76 Sel. Mideast 7/ 1.22 2.31 3.25 5.83 0.00 0.95 Selected Other Brazil 0.24 8.00 0.63 7.35 0.95 0.57 C. Amer & Carib 8/ 0.67 1.59 1.62 3.29 0.04 0.55 Egypt 1.23 4.00 0.22 4.30 0.01 1.15 Japan 1.98 7.57 0.65 8.20 0.11 1.89 Mexico 0.17 0.20 0.81 0.96 0.02 0.20 South Korea 1.14 3.51 0.43 4.00 0.05 1.02 2021/22 Est. Beginning Stocks Productio n Imports Total /2 Domestic Exports Ending Stocks World 3/ 187.81 512.86 51.97 510.60 52.64 190.07 World Less China 71.31 363.87 46.77 355.16 50.39 77.07 United States 1.39 6.09 1.10 4.68 2.70 1.19 Total Foreign 186.42 506.77 50.88 505.92 49.94 188.88 Major Exporters 4/ 47.03 197.03 1.01 152.60 40.95 51.52 Burma 1.21 12.35 0.00 10.50 2.10 0.97 India 37.00 129.00 0.00 103.50 21.00 41.50 Pakistan 1.90 8.70 0.01 4.10 4.35 2.15 Thailand 4.28 19.65 0.20 13.00 7.00 4.13 Vietnam 2.64 27.33 0.80 21.50 6.50 2.77 Major Importers 5/ 128.21 241.91 20.10 261.52 2.72 125.98 China 116.50 148.99 5.20 155.44 2.25 113.00 European Union 6/ 0.66 1.72 2.10 3.45 0.44 0.59 Indonesia 3.06 34.40 0.75 35.20 0.00 3.01 Nigeria 1.69 5.26 2.20 7.25 0.00 1.90 Philippines 3.76 12.47 3.20 15.20 0.00 4.24 Sel. Mideast 7/ 0.95 2.15 3.85 5.93 0.00 1.02 Selected Other Brazil 0.57 7.14 0.80 7.30 0.78 0.43 C. Amer & Carib 8/ 0.55 1.61 1.83 3.38 0.02 0.59 Egypt 1.15 2.90 0.90 4.25 0.01 0.70 Japan 1.89 7.64 0.69 8.20 0.11 1.91 Mexico 0.20 0.18 0.80 0.97 0.01 0.21 South Korea 1.02 3.88 0.44 3.95 0.06 1.34 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. May 2022 WASDE - 624 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Apr NA NA NA NA NA NA May 190.07 514.63 52.70 518.44 54.20 186.26 World Less China Apr NA NA NA NA NA NA May 77.07 365.63 46.70 361.84 51.80 77.26 United States Apr NA NA NA NA NA NA May 1.19 5.80 1.21 4.54 2.60 1.05 Total Foreign Apr NA NA NA NA NA NA May 188.88 508.83 51.49 513.90 51.60 185.20 Major Exporters 4/ Apr NA NA NA NA NA NA May 51.52 198.60 0.81 156.55 42.60 51.78 Burma Apr NA NA NA NA NA NA May 0.97 12.50 0.00 10.50 2.10 0.87 India Apr NA NA NA NA NA NA May 41.50 130.00 0.00 107.00 22.00 42.50 Pakistan Apr NA NA NA NA NA NA May 2.15 8.90 0.01 4.40 4.60 2.06 Thailand Apr NA NA NA NA NA NA May 4.13 19.80 0.20 13.10 7.50 3.53 Vietnam Apr NA NA NA NA NA NA May 2.77 27.40 0.60 21.55 6.40 2.82 Major Importers 5/ Apr NA NA NA NA NA NA May 125.98 242.45 20.00 263.45 2.85 122.14 China Apr NA NA NA NA NA NA May 113.00 149.00 6.00 156.60 2.40 109.00 European Union 6/ Apr NA NA NA NA NA NA May 0.59 1.74 2.20 3.45 0.42 0.66 Indonesia Apr NA NA NA NA NA NA May 3.01 34.60 0.65 35.05 0.00 3.21 Nigeria Apr NA NA NA NA NA NA May 1.90 5.36 2.20 7.45 0.00 2.00 Philippines Apr NA NA NA NA NA NA May 4.24 12.41 3.00 15.35 0.00 4.30 Sel. Mideast 7/ Apr NA NA NA NA NA NA May 1.02 2.24 3.95 6.15 0.00 1.06 Selected Other Brazil Apr NA NA NA NA NA NA May 0.43 7.10 0.85 7.20 0.65 0.53 C. Amer & Carib 8/ Apr NA NA NA NA NA NA May 0.59 1.56 1.89 3.41 0.03 0.60 Egypt Apr NA NA NA NA NA NA May 0.70 2.90 0.95 4.10 0.01 0.44 Japan Apr NA NA NA NA NA NA May 1.91 7.55 0.69 8.15 0.12 1.87 Mexico Apr NA NA NA NA NA NA May 0.21 0.19 0.82 0.98 0.01 0.23 South Korea Apr NA NA NA NA NA NA May 1.34 3.77 0.43 3.95 0.06 1.53 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. May 2022 WASDE - 624 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2020/21 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 97.65 111.48 49.08 121.69 48.51 -0.07 88.07 World Less China 60.75 81.98 36.22 81.69 48.50 -0.07 48.82 United States 7.25 14.61 3/ 2.40 16.37 -0.06 3.15 Total Foreign 90.40 96.87 49.08 119.29 32.14 -0.01 84.92 Major Exporters 4/ 39.11 53.89 1.60 34.62 27.63 -0.08 32.42 Central Asia 5/ 2.68 5.45 0.01 3.82 1.99 0.00 2.33 Afr. Fr. Zone 6/ 2.52 4.84 3/ 0.11 5.31 0.00 1.93 S. Hemis. 7/ 17.62 15.65 0.14 4.04 13.59 -0.09 15.87 Australia 1.20 2.80 3/ 0.01 1.56 -0.10 2.52 Brazil 14.40 10.82 0.01 3.10 11.01 0.00 11.12 India 15.68 27.60 0.84 26.00 6.19 0.00 11.94 Major Importers 8/ 48.87 39.77 45.06 80.67 3.10 0.07 49.85 Mexico 0.69 1.02 0.93 1.70 0.49 0.03 0.43 China 36.90 29.50 12.86 40.00 0.01 0.00 39.25 European Union 9/ 0.62 1.69 0.56 0.59 1.96 0.00 0.33 Turkey 2.77 2.90 5.33 7.70 0.59 0.00 2.71 Pakistan 3.19 4.50 5.33 10.70 0.03 0.03 2.27 Indonesia 0.64 3/ 2.31 2.45 0.01 0.00 0.50 Thailand 0.10 3/ 0.60 0.61 0.00 0.01 0.08 Bangladesh 2.52 0.15 8.75 8.50 0.00 0.01 2.90 Vietnam 1.11 3/ 7.31 7.30 0.00 0.00 1.12 2021/22 Est. Beginning Stocks Productio n Imports Domestic Use Exports Loss /2 Ending Stocks World 88.07 118.45 45.47 122.94 45.54 -0.15 83.65 World Less China 48.82 91.45 36.67 84.44 45.47 -0.15 47.17 United States 3.15 17.52 0.01 2.55 14.75 -0.02 3.40 Total Foreign 84.92 100.92 45.46 120.39 30.79 -0.13 80.25 Major Exporters 4/ 32.42 57.91 1.98 34.78 26.59 -0.17 31.10 Central Asia 5/ 2.33 5.03 0.02 3.82 1.62 0.00 1.94 Afr. Fr. Zone 6/ 1.93 6.21 3/ 0.11 6.25 0.00 1.77 S. Hemis. 7/ 15.87 20.77 0.16 4.23 13.58 -0.18 19.18 Australia 2.52 5.50 3/ 0.01 4.40 -0.19 3.80 Brazil 11.12 13.20 0.03 3.20 7.90 0.00 13.24 India 11.94 25.50 1.20 26.00 4.70 0.00 7.94 Major Importers 8/ 49.85 39.77 40.89 81.28 2.83 0.05 46.36 Mexico 0.43 1.22 1.05 2.00 0.33 0.03 0.35 China 39.25 27.00 8.80 38.50 0.08 0.00 36.48 European Union 9/ 0.33 1.59 0.61 0.62 1.71 -0.03 0.23 Turkey 2.71 3.80 5.55 8.60 0.65 0.00 2.81 Pakistan 2.27 6.00 4.80 11.00 0.05 0.03 1.99 Indonesia 0.50 3/ 2.55 2.55 0.01 0.00 0.49 Thailand 0.08 3/ 0.73 0.70 0.00 0.01 0.10 Bangladesh 2.90 0.15 8.30 8.80 0.00 0.01 2.54 Vietnam 1.12 3/ 7.40 7.40 0.00 0.00 1.13 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. May 2022 WASDE - 624 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2022/23 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Apr NA NA NA NA NA NA NA May 83.65 121.06 47.56 121.99 47.56 -0.10 82.82 World Less China Apr NA NA NA NA NA NA NA May 47.17 93.56 37.06 83.99 47.51 -0.10 46.40 United States Apr NA NA NA NA NA NA NA May 3.40 16.50 0.01 2.50 14.50 0.01 2.90 filler filler filler filler filler filler filler Total Foreign Apr NA NA NA NA NA NA NA May 80.25 104.56 47.56 119.49 33.06 -0.10 79.92 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 31.10 60.24 2.46 34.15 28.98 -0.17 30.84 Central Asia 5/ Apr NA NA NA NA NA NA NA May 1.94 5.29 0.02 3.75 1.54 0.00 1.95 Afr. Fr. Zone 6/ Apr NA NA NA NA NA NA NA May 1.77 6.25 3/ 0.11 6.06 0.00 1.85 S. Hemis. 7/ Apr NA NA NA NA NA NA NA May 19.18 20.76 0.15 4.18 16.91 -0.18 19.18 Australia Apr NA NA NA NA NA NA NA May 3.80 5.50 3/ 0.01 5.70 -0.19 3.78 filler filler filler filler filler filler filler Brazil Apr NA NA NA NA NA NA NA May 13.24 13.20 0.02 3.20 10.00 0.00 13.26 India Apr NA NA NA NA NA NA NA May 7.94 27.50 1.70 25.50 4.00 0.00 7.64 Major Importers 8/ Apr NA NA NA NA NA NA NA May 46.36 41.07 42.71 81.15 2.57 0.07 46.35 Mexico Apr NA NA NA NA NA NA NA May 0.35 1.33 1.10 2.10 0.28 0.03 0.37 China Apr NA NA NA NA NA NA NA May 36.48 27.50 10.50 38.00 0.05 0.00 36.43 European Union 9/ Apr NA NA NA NA NA NA NA May 0.23 1.58 0.58 0.61 1.53 0.00 0.26 Turkey Apr NA NA NA NA NA NA NA May 2.81 4.30 5.00 8.60 0.65 0.00 2.86 Pakistan Apr NA NA NA NA NA NA NA May 1.99 6.20 5.00 11.10 0.05 0.03 2.02 Indonesia Apr NA NA NA NA NA NA NA May 0.49 3/ 2.50 2.50 0.01 0.00 0.49 Thailand Apr NA NA NA NA NA NA NA May 0.10 3/ 0.70 0.70 0.00 0.01 0.09 Bangladesh Apr NA NA NA NA NA NA NA May 2.54 0.16 8.80 9.00 0.00 0.01 2.49 Vietnam Apr NA NA NA NA NA NA NA May 1.13 3/ 7.50 7.50 0.00 0.00 1.13 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. May 2022 WASDE - 624 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 94.66 368.12 165.47 315.08 363.84 164.51 99.91 World Less China 70.04 348.52 65.71 222.08 251.10 164.44 68.74 United States 14.28 114.75 0.54 58.26 61.05 61.52 6.99 Total Foreign 80.38 253.37 164.93 256.82 302.79 102.99 92.91 Major Exporters 3/ 47.41 197.31 5.85 90.21 100.84 94.81 54.92 Argentina 26.65 46.20 4.82 40.16 47.41 5.20 25.06 Brazil 20.42 139.50 1.02 46.68 49.88 81.65 29.40 Paraguay 0.33 9.90 0.01 3.30 3.47 6.33 0.44 Major Importers 4/ 27.91 23.25 133.42 122.10 149.91 0.27 34.40 China 24.62 19.60 99.76 93.00 112.74 0.07 31.17 European Union 1.66 2.60 14.79 15.80 17.46 0.19 1.40 Southeast Asia 0.97 0.59 9.68 4.74 10.05 0.01 1.18 Mexico 0.37 0.25 6.10 6.20 6.25 0.00 0.46 2021/22 Est. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 99.91 349.37 154.46 313.68 362.93 155.57 85.24 World Less China 68.74 332.97 62.46 224.68 254.21 155.47 54.48 United States 6.99 120.71 0.41 60.28 63.47 58.24 6.39 Total Foreign 92.91 228.66 154.05 253.39 299.46 97.33 78.84 Major Exporters 3/ 54.92 173.22 2.67 89.13 99.70 90.35 40.75 Argentina 25.06 42.00 2.20 40.00 47.21 2.75 19.30 Brazil 29.40 125.00 0.45 47.50 50.75 82.75 21.36 Paraguay 0.44 4.20 0.01 1.55 1.67 2.90 0.09 Major Importers 4/ 34.40 20.19 125.64 118.75 146.59 0.34 33.30 China 31.17 16.40 92.00 89.00 108.72 0.10 30.75 European Union 1.40 2.73 14.65 15.90 17.62 0.23 0.93 Southeast Asia 1.18 0.53 9.49 4.95 10.24 0.01 0.94 Mexico 0.46 0.29 6.20 6.40 6.45 0.00 0.50 2022/23 Proj. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ Apr NA NA NA NA NA NA NA May 85.24 394.69 167.12 326.76 377.44 170.01 99.60 World Less China Apr NA NA NA NA NA NA NA May 54.48 377.19 68.12 231.76 261.85 169.91 68.04 United States Apr NA NA NA NA NA NA NA May 6.39 126.28 0.41 61.37 64.78 59.87 8.43 Total Foreign Apr NA NA NA NA NA NA NA May 78.84 268.41 166.71 265.39 312.65 110.14 91.17 Major Exporters 3/ Apr NA NA NA NA NA NA NA May 40.75 212.50 5.57 93.08 103.89 102.13 52.81 Argentina Apr NA NA NA NA NA NA NA May 19.30 51.00 4.80 41.00 48.30 4.70 22.10 Brazil Apr NA NA NA NA NA NA NA May 21.36 149.00 0.75 48.75 52.10 88.50 30.51 Paraguay Apr NA NA NA NA NA NA NA May 0.09 10.00 0.01 3.25 3.41 6.50 0.19 Major Importers 4/ Apr NA NA NA NA NA NA NA May 33.30 21.53 133.53 125.20 154.15 0.33 33.88 China Apr NA NA NA NA NA NA NA May 30.75 17.50 99.00 95.00 115.59 0.10 31.56 European Union Apr NA NA NA NA NA NA NA May 0.93 3.00 15.00 16.10 17.93 0.22 0.79 Southeast Asia Apr NA NA NA NA NA NA NA May 0.94 0.50 9.88 5.00 10.42 0.02 0.88 Mexico Apr NA NA NA NA NA NA NA May 0.50 0.30 6.35 6.60 6.65 0.00 0.50 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to roundin g. May 2022 WASDE - 624 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 15.27 247.55 63.90 243.50 68.68 14.53 World Less China 15.27 173.89 63.82 170.83 67.63 14.53 United States 0.31 45.87 0.71 34.09 12.49 0.31 Total Foreign 14.96 201.68 63.19 209.41 56.19 14.22 Major Exporters 3/ 6.91 75.10 0.25 28.44 46.92 6.90 Argentina 2.57 31.32 0.00 3.30 28.32 2.27 Brazil 3.77 36.18 0.02 19.15 16.58 4.25 India 0.57 7.60 0.24 6.00 2.03 0.38 Major Importers 4/ 2.41 22.86 37.26 59.50 1.12 1.91 European Union 0.79 12.48 16.53 28.39 0.85 0.56 Mexico 0.15 4.90 1.85 6.75 0.01 0.15 Southeast Asia 5/ 1.28 3.69 17.05 20.71 0.27 1.05 China 0.00 73.66 0.07 72.68 1.05 0.00 2021/22 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 14.53 246.06 63.51 243.17 67.70 13.22 World Less China 14.53 175.57 63.45 173.22 67.10 13.22 United States 0.31 47.05 0.45 34.75 12.70 0.36 Total Foreign 14.22 199.01 63.05 208.43 55.00 12.85 Major Exporters 3/ 6.90 76.18 0.52 29.19 47.45 6.95 Argentina 2.27 31.20 0.00 3.33 28.00 2.15 Brazil 4.25 36.82 0.02 19.55 17.35 4.18 India 0.38 8.16 0.50 6.32 2.10 0.63 Major Importers 4/ 1.91 23.37 37.48 59.97 1.06 1.73 European Union 0.56 12.56 16.60 28.44 0.75 0.53 Mexico 0.15 5.06 1.93 6.95 0.01 0.18 Southeast Asia 5/ 1.05 3.86 17.15 20.88 0.30 0.88 China 0.00 70.49 0.06 69.95 0.60 0.00 2022/23 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Apr NA NA NA NA NA NA May 13.22 256.52 65.10 251.15 69.79 13.89 World Less China Apr NA NA NA NA NA NA May 13.22 181.28 65.05 176.86 68.79 13.89 United States Apr NA NA NA NA NA NA May 0.36 48.13 0.41 35.38 13.06 0.45 Total Foreign Apr NA NA NA NA NA NA May 12.85 208.40 64.69 215.77 56.73 13.44 Major Exporters 3/ Apr NA NA NA NA NA NA May 6.95 77.92 0.12 30.03 47.90 7.06 Argentina Apr NA NA NA NA NA NA May 2.15 31.98 0.00 3.38 28.50 2.25 Brazil Apr NA NA NA NA NA NA May 4.18 37.78 0.02 20.15 17.50 4.32 India Apr NA NA NA NA NA NA May 0.63 8.16 0.10 6.51 1.90 0.48 Major Importers 4/ Apr NA NA NA NA NA NA May 1.73 23.72 38.20 60.68 1.11 1.86 European Union Apr NA NA NA NA NA NA May 0.53 12.72 16.65 28.57 0.80 0.53 Mexico Apr NA NA NA NA NA NA May 0.18 5.22 1.93 7.13 0.01 0.18 Southeast Asia 5/ Apr NA NA NA NA NA NA May 0.88 3.90 17.80 21.28 0.31 1.00 China Apr NA NA NA NA NA NA May 0.00 75.24 0.05 74.29 1.00 0.00 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. May 2022 WASDE - 624 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 5.28 59.17 11.76 58.52 12.57 5.12 World Less China 4.58 42.50 10.52 40.89 12.53 4.19 United States 0.84 11.35 0.14 10.58 0.78 0.97 Total Foreign 4.44 47.82 11.62 47.94 11.79 4.16 Major Exporters 3/ 1.53 20.54 0.74 12.48 9.02 1.31 Argentina 0.55 7.93 0.00 2.04 6.14 0.30 Brazil 0.48 8.99 0.25 7.96 1.26 0.50 European Union 0.44 3.00 0.49 2.43 1.06 0.44 Major Importers 4/ 1.48 19.87 6.74 26.41 0.21 1.47 China 0.70 16.67 1.23 17.63 0.04 0.93 India 0.14 1.71 3.25 4.94 0.01 0.15 North Africa 5/ 0.43 0.99 1.61 2.61 0.13 0.29 2021/22 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 5.12 59.11 11.77 59.66 12.25 4.09 World Less China 4.19 43.16 10.82 42.26 12.16 3.75 United States 0.97 11.89 0.20 11.38 0.78 0.90 Total Foreign 4.16 47.23 11.56 48.28 11.47 3.20 Major Exporters 3/ 1.31 20.36 0.63 12.26 8.83 1.21 Argentina 0.30 7.90 0.00 2.25 5.60 0.35 Brazil 0.50 9.14 0.13 7.50 1.88 0.39 European Union 0.44 3.02 0.50 2.46 1.05 0.46 Major Importers 4/ 1.47 19.32 6.99 26.77 0.20 0.82 China 0.93 15.95 0.95 17.40 0.09 0.34 India 0.15 1.84 3.70 5.50 0.02 0.17 North Africa 5/ 0.29 1.01 1.59 2.58 0.09 0.23 2022/23 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Apr NA NA NA NA NA NA May 4.09 61.43 12.12 61.02 12.75 3.88 World Less China Apr NA NA NA NA NA NA May 3.75 44.41 11.02 42.97 12.66 3.55 United States Apr NA NA NA NA NA NA May 0.90 11.99 0.23 11.70 0.64 0.77 Total Foreign Apr NA NA NA NA NA NA May 3.20 49.44 11.89 49.31 12.11 3.10 Major Exporters 3/ Apr NA NA NA NA NA NA May 1.21 21.17 0.60 12.38 9.43 1.18 Argentina Apr NA NA NA NA NA NA May 0.35 8.10 0.00 2.27 5.90 0.29 Brazil Apr NA NA NA NA NA NA May 0.39 9.39 0.10 7.60 1.88 0.41 European Union Apr NA NA NA NA NA NA May 0.46 3.06 0.50 2.46 1.10 0.46 Major Importers 4/ Apr NA NA NA NA NA NA May 0.82 20.53 7.14 27.47 0.21 0.81 China Apr NA NA NA NA NA NA May 0.34 17.02 1.10 18.05 0.09 0.33 India Apr NA NA NA NA NA NA May 0.17 1.84 3.65 5.48 0.02 0.17 North Africa 5/ Apr NA NA NA NA NA NA May 0.23 1.13 1.61 2.62 0.11 0.24 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. May 2022 WASDE - 624 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2021 II 6,963 6,668 13,679 11,232 1,399 12,771 26,450 2,277 58.1 III 6,979 6,530 13,554 11,581 1,403 13,125 26,679 2,299 55.8 IV 7,106 7,185 14,341 11,193 1,366 12,689 27,030 2,371 55.4 Annual 27,948 27,675 55,815 44,899 5,558 50,995 106,810 9,238 226.3 2022 I 7,022 6,904 13,972 11,169 1,374 12,676 26,648 2,297 56.3 II* 7,080 6,490 13,616 11,350 1,300 12,785 26,401 2,165 58.0 III* 7,125 6,555 13,725 11,650 1,325 13,115 26,840 2,230 56.2 IV* 6,615 7,090 13,755 11,250 1,360 12,735 26,490 2,305 56.1 Annual Apr Proj. 27,710 27,075 54,968 45,200 5,470 51,205 106,173 9,070 226.3 May Proj. 27,842 27,039 55,068 45,419 5,359 51,311 106,379 8,997 226.7 2023 I* 6,510 6,995 13,547 11,225 1,385 12,740 26,287 2,320 56.9 Annual Apr Proj. NA NA NA NA NA NA NA NA NA May Proj. 25,950 27,365 53,495 45,675 5,650 51,845 105,340 9,490 229.5 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2021 II 120.75 80.92 104.4 117.7 94.2 18.53 III 123.51 76.15 105.4 129.7 120.1 17.90 IV 132.36 56.36 110.9 133.4 131.8 20.67 Annual 122.40 67.29 101.2 122.8 118.5 18.53 2022 I 139.25 65.55 135.1 131.4 170.8 24.93 II* 140.00 77.00 170.0 140.0 245.0 26.90 III* 136.00 76.00 165.0 145.0 190.0 25.20 IV* 145.00 66.00 150.0 150.0 170.0 25.90 Annual Apr Proj. 139.50 73.00 148.0 136.0 157.0 25.80 May Proj. 140.1 71.1 155.0 141.6 194.0 25.75 2023 I* 150.00 66.00 155.0 135.0 160.0 24.40 Annual Apr Proj. NA NA NA NA NA NA May Proj. 153 71 149 138 149 23.55 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. May 2022 WASDE - 624 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2021 716 28,016 3,348 32,079 3,447 676 27,956 58.9 2022 Proj. Apr 676 27,780 3,440 31,896 3,300 665 27,931 58.7 May 676 27,910 3,545 32,131 3,356 675 28,100 59.0 2023 Proj. Apr NA NA NA NA NA NA NA NA May 675 26,018 3,200 29,893 2,930 640 26,323 55.1 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2021 467 27,690 1,180 29,337 7,030 446 21,861 51.1 2022 Proj. Apr 446 27,090 1,400 28,936 6,595 465 21,876 51.0 May 446 27,054 1,408 28,907 6,581 500 21,826 50.8 2023 Proj. Apr NA NA NA NA NA NA NA NA May 500 27,380 1,440 29,320 6,510 515 22,295 51.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2021 1,217 55,906 4,892 62,015 10,481 1,147 50,388 111.5 2022 Proj. Apr 1,147 55,062 5,210 61,419 9,898 1,155 50,366 111.1 May 1,147 55,159 5,308 61,615 9,941 1,200 50,474 111.3 2023 Proj. Apr NA NA NA NA NA NA NA NA May 1,200 53,587 5,010 59,797 9,444 1,179 49,174 108.3 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2021 830 44,419 155 45,403 7,367 705 37,331 96.5 2022 Proj. Apr 705 44,716 148 45,570 7,365 730 37,475 96.6 May 705 44,933 178 45,816 7,376 750 37,690 97.2 2023 Proj. Apr NA NA NA NA NA NA NA NA May 750 45,186 152 46,088 7,465 750 37,873 97.3 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2021 223 5,558 22 5,804 549 166 5,089 15.3 2022 Proj. Apr 166 5,470 25 5,661 375 165 5,121 15.4 May 166 5,359 28 5,553 372 150 5,031 15.1 2023 Proj. Apr NA NA NA NA NA NA NA NA May 150 5,650 28 5,828 395 170 5,263 15.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2021 1,057 50,514 180 51,751 7,961 874 42,916 113.3 2022 Proj. Apr 874 50,721 176 51,771 7,788 899 43,084 113.5 May 874 50,824 210 51,908 7,796 904 43,208 113.7 2023 Proj. Apr NA NA NA NA NA NA NA NA May 904 51,356 183 52,443 7,908 924 43,611 114.4 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2021 2,274 106,420 5,072 113,767 18,442 2,021 93,304 224.8 2022 Proj. Apr 2,021 105,783 5,386 113,190 17,686 2,054 93,450 224.6 May 2,021 105,984 5,518 113,523 17,737 2,104 93,682 225.1 2023 Proj. Apr NA NA NA NA NA NA NA NA May 2,104 104,943 5,193 112,240 17,352 2,103 92,785 222.7 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. May 2022 WASDE - 624 - 33 U.S. Egg Supply and Use Commodity 2020 2021 2022 Proj. 2022 Proj. 2023 Proj. 2023 Proj. Apr May Apr May Eggs Million Dozen Supply Beginning Stocks 31.6 24.5 19.1 19.1 NA 19.0 Production 9,291.8 9,237.8 9,070.0 8,996.8 NA 9,490.0 Imports 15.5 18.2 48.5 45.1 NA 28.5 Total Supply 9,338.9 9,280.5 9,137.6 9,061.0 NA 9,537.5 Use Exports 344.0 392.3 277.0 281.1 NA 320.0 Hatching Use 1,078.5 1,103.7 1,130.4 1,130.9 NA 1,140.0 Ending Stocks 24.5 19.1 19.0 19.0 NA 21.0 Disappearance Total 7,891.8 7,765.4 7,711.2 7,630.0 NA 8,056.5 Per Capita (number) 285.5 280.5 277.8 274.8 NA 289.0 Total U.S. Milk Supply and Use Commodity 2020 2021 2022 Proj. 2022 Proj. 2023 Proj. 2023 Proj. Apr May Apr May Milk Billion Pounds Production 223.3 226.3 226.3 226.7 NA 229.5 Farm Use 1.1 1.0 1.1 1.1 NA 1.1 Fat Basis Supply Beginning Stocks 13.6 15.6 14.3 14.3 NA 12.9 Marketings 222.2 225.2 225.3 225.6 NA 228.4 Imports 6.8 6.5 6.4 6.6 NA 6.6 Total Supply 242.6 247.4 246.0 246.5 NA 247.9 Fat Basis Use Exports 9.3 11.6 11.5 12.0 NA 11.5 Ending Stocks 15.6 14.3 12.9 12.9 NA 13.6 Domestic Use 217.8 221.4 221.6 221.6 NA 222.8 Skim -solid Basis Supply Beginning Stocks 10.2 10.9 11.0 11.1 NA 11.0 Marketings 222.2 225.2 225.3 225.6 NA 228.4 Imports 5.6 5.8 5.8 5.9 NA 6.0 Total Supply 238.0 241.9 242.1 242.6 NA 245.4 Skim -solid Basis Use Exports 47.2 51.1 50.3 49.9 NA 51.0 Ending Stocks 10.9 11.1 11.0 11.0 NA 11.7 Domestic Use 179.9 179.7 180.8 181.7 NA 182.7 Total Dairy domestic use for 2020 includes additional milk marketed but not processed. Note: Totals may not add due to rounding. May 2022 WASDE - 624 - 34 U.S. Dairy Prices Commodity 2020 2021 2022 Proj. 2022 Proj. 2023 Proj. 2023 Proj. Apr May Apr May Product Prices 1/ Dollars Per Pound Cheese 1.9236 1.6755 2.150 2.175 NA 2.040 Butter 1.5808 1.7325 2.640 2.650 NA 2.350 Nonfat Dry Milk 1.0417 1.2693 1.745 1.715 NA 1.580 Dry Whey 0.3621 0.5744 0.690 0.655 NA 0.520 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 18.16 17.08 22.75 22.75 NA 20.50 Class IV 13.49 16.09 24.05 23.80 NA 21.40 All Milk 3/ 18.13 18.53 25.80 25.75 NA 23.55 All prices are January -December averages. 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation. May 2022 WASDE - 624 - 35 Reliability of May Projections 1/ Note: Tables on pages 35 -37 present a record of the May projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 3.1 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 5.1 percent. The average difference between the May projection and the final estimate is 16.1 million tons, ranging from 1.7 millio n to 35 million tons. The May projection has been below the estimate 24 times and above 17 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 3.1 5.1 16.1 1.7 35.0 24 17 U.S. 6.8 11.5 3.0 0.0 9.8 21 20 Foreign 3.2 5.4 14.9 1.6 32.9 23 18 Exports World 5.9 9.9 6.0 0.1 17.6 27 14 U.S. 12.3 20.7 3.0 0.0 10.2 23 17 Foreign 6.8 11.5 5.7 0.4 17.8 29 12 Domestic Use World 2.2 3.7 10.5 0.3 28.3 26 15 U.S. 7.1 12.0 1.7 0.1 6.4 20 21 Foreign 2.2 3.7 10.1 0.2 28.0 27 14 Ending Stocks World 9.9 16.6 12.4 0.2 35.9 24 17 U.S. 20.3 34.3 3.6 0.1 14.1 22 19 Foreign 10.0 16.8 10.6 2.5 31.0 24 17 COARSE GRAINS 2/ Production World 3.6 6.1 26.3 1.1 103.6 20 21 U.S. 13.7 23.1 21.1 0.9 103.8 22 19 Foreign 2.7 4.5 14.3 0.2 42.8 20 21 Exports World 7.4 12.5 7.6 1.2 20.9 29 12 U.S. 26.9 45.4 8.3 0.1 29.5 19 22 Foreign 13.3 22.4 6.4 0.3 20.8 28 13 Domestic Use World 2.0 3.3 15.2 0.4 68.4 22 19 U.S. 5.8 9.8 8.0 0.2 38.4 25 16 Foreign 2.0 3.4 12.2 0.2 32.8 21 20 Ending Stocks World 20.8 35.0 25.7 2.6 155.8 25 16 U.S. 57.5 96.8 17.1 1.3 57.6 19 22 Foreign 18.1 30.5 14.4 0.0 145.0 28 13 RICE, milled Production World 2.3 4.0 6.8 0.0 21.8 25 16 U.S. 7.9 13.3 0.4 0.0 1.1 22 19 Foreign 2.4 4.0 6.8 0.4 22.0 25 16 Exports World 9.7 16.3 1.9 0.1 7.5 30 11 U.S. 11.6 19.5 0.2 0.0 1.0 19 17 Foreign 10.4 17.5 1.8 0.2 7.1 30 11 Domestic Use World 1.8 3.1 4.7 0.0 19.4 27 14 U.S. 9.3 15.7 0.2 0.0 0.7 15 25 Foreign 1.9 3.1 4.7 0.2 20.0 28 13 Ending Stocks World 14.0 23.6 6.8 0.1 26.7 28 13 U.S. 35.3 59.4 0.3 0.0 0.9 21 18 Foreign 15.3 25.8 6.8 0.1 26.3 28 13 1/ Footnotes at end of table. CONTINUED May 2022 WASDE - 624 - 36 Reliability of May Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World NA NA 12.5 0.4 34.8 7 6 U.S. 8.9 15.0 4.7 0.0 16.1 22 19 Foreign NA NA 8.5 0.2 35.6 8 5 Exports World NA NA 6.6 0.4 17.6 10 3 U.S. 15.3 25.8 3.3 0.0 11.3 22 18 Foreign NA NA 4.9 0.7 18.7 10 3 Domestic Use World NA NA 7.7 1.2 18.9 6 7 U.S. 6.1 10.3 1.9 0.2 7.5 25 16 Foreign NA NA 7.2 0.2 18.6 6 7 Ending Stocks World NA NA 9.6 1.5 20.7 6 7 U.S. 71.1 119.7 3.5 0.2 13.3 14 27 Foreign NA NA 6.4 0.1 15.7 8 5 COTTON Million 480 -Pound Bales Production World 6.1 10.3 4.3 0.1 16.7 24 17 U.S. 12.0 20.2 1.6 0.1 5.5 20 21 Foreign 6.1 10.3 3.3 0.1 12.2 22 19 Exports World 10.0 16.9 2.2 0.1 12.4 24 17 U.S. 28.8 48.5 1.4 0.1 3.9 24 17 Foreign 12.9 21.7 1.6 0.1 10.4 23 18 Domestic Use World 4.8 8.1 3.3 0.1 17.2 17 24 U.S. 10.1 17.1 0.5 0.0 1.4 18 22 Foreign 4.9 8.2 3.3 0.0 16.6 19 22 Ending Stocks World 17.4 29.3 6.6 1.0 18.1 26 15 U.S. 44.5 74.9 1.5 0.0 4.3 19 22 Foreign 16.6 27.9 5.6 0.1 17.2 26 15 1/ Marketing years 1981/82 through 2021/22 for grains, soybeans (U.S. only), and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2020/21, and for 2021/22 the last mo nth’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. May 2022 WASDE - 624 - 37 Reliability of United States May Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 14.6 24.6 756 8 4,010 18 23 Exports 28.2 47.6 303 0 1,100 20 20 Domestic Use 6.2 10.4 312 11 1,538 26 15 Ending Stocks 68.0 114.6 617 41 2,091 19 22 SORGHUM Production 19.6 33.0 83 0 228 21 19 Exports 35.4 59.6 47 0 190 20 20 Domestic Use 27.3 46.0 55 0 162 17 23 Ending Stocks 69.0 116.2 46 1 238 16 25 BARLEY Production 15.0 25.3 27 1 206 16 25 Exports 75.8 127.6 13 0 92 21 16 Domestic Use 11.5 19.4 28 0 95 18 22 Ending Stocks 22.7 38.2 22 0 78 18 22 OATS Production 25.4 42.7 30 1 231 9 32 Exports 108.0 181.8 1 0 8 10 12 Domestic Use 11.0 18.6 20 0 160 13 27 Ending Stocks 34.7 58.5 16 0 77 13 24 SOYBEAN MEAL Thousand Short Tons Production 5.5 9.3 1,278 0 5,344 26 14 Exports 17.3 29.1 949 0 2,750 24 16 Domestic Use 4.3 7.3 828 24 4,950 22 19 Ending Stocks 41.3 69.5 55 0 388 12 18 SOYBEAN OIL Million Pounds Production 5.3 8.9 638 18 2,500 29 12 Exports 34.5 58.1 473 25 1,700 24 17 Domestic Use 4.0 6.7 478 8 1,800 24 17 Ending Stocks 35.8 60.3 448 24 1,702 25 16 ANIMAL PROD. Million Pounds Beef 3.7 6.3 699 40 2,727 19 9 Pork 3.3 5.6 533 40 1,722 17 10 Broilers 2.4 4.0 654 75 1,640 12 16 Turkeys 4.0 6.8 173 2 500 12 16 Million Dozen Eggs 1.9 3.2 117 2 400 17 11 Billion Pounds Milk 1.6 2.7 2.4 0.2 6.7 13 15 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2021/22 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate followin g the marketing year for 1981/82 through 2021/22. Calendar years 1982 through 2021 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2021. WASDE- 624-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricult ural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. IPAD is located at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 (Continued from page 5) the U.S. cotton projections for 2022/23 include a smaller crop as abandonment is projected to more than double. Production is forecast at 16.5 million bales, based on 12.2 million planted acres as indicated in the March Prospective Plantings , but harvested area is expected to fall 1.1 million acres to 9.1 million as limited precipitation in the Southwest suggests more abandonment compared with 2021/22’s below -average level. With a higher national yield, production is forecast about 1 million bales lower. With a larger carryin, supplies are projected slightly lower. Exports are also expected to fall slightly, to 14.5 million bales, as the U.S. share of world trade declines. At 2.9 million bales, 2022/23 U.S. ending stocks are projected 500, 000 bales lower than the year before, and equivalent to 17 percent of total use. The marketing year average upland farm price is projected at 90 cents per pound, down slightly from the previous year’s record high. For 2021/22, U.S. cotton production is reduced about 100,000 bales from last month to 17.5 million bales. Exports and consumption are unchanged, and ending stocks are estimated 100,000 bales lower, at 3.4 million. The projected season -average price is 1 cent higher than in April, at 92 cents per pound. Global supplies in 2022/23 are projected below a year earlier, as lower beginning stocks more than offset a 2.6 -million -bale increase in production, with consumption and ending stocks also lower. Increased area is expected to drive production higher, with a 2 -million -bale increase expected in India’s crop, 500,000 -bale gains expected in China and Turkey, and smaller increases forecast for Uzbekistan, Pakistan, and Mexico. World consumption in 2022/23 is projected to fall 1 million bales from th e year before to 122 million bales, with cotton prices currently the highest since 2011 and the highest ever relative to polyester. World ending stocks are expected to fall 1 percent from the year before, to 82.8 million bales. World trade is expected to rise 2 million bales as China’s imports partly rebound. The global 2021/22 estimates show lower production and use compared with the previous month. India’s crop i s reduced 1 million bales as late -season marketings fell, accounting for much of the 1.8- million-bale global decrease. Projected world consumption is down 1.1 million bales from April as China’s forecast is reduced 500,000 bales and historical revisions to Uzbekistan’s balance sheet reduced estimated consumption there 500,000 bales. Ending st ocks a re slightly lower as well, down 270,000 bales to 83.6 million. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Mark Jekanowski , (202) 720- 6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: ROBERT BONNIE SECRETARY OF AGRICULTURE DESIGNATE For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ Click to receive WASDE -related notifications by email Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at [email protected] World Agricultural Supply and Demand Estimates WASDE -624 – May 12, 2022 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 637 Approved by the World Agricultural Outlook Board June 9, 2023 WHEAT: The outlook for 2023/24 U.S. wheat this month is for larger supplies, unchanged domestic use and exports, and higher stocks. Supplies are raised as all wheat production is projected at 1,665 million bushels, up 6 million from last month on higher Hard Red Winter production more than offsetting reductions in Soft Red Winter and White Winter. The all wheat yield is 44.9 bushels per acre, up 0.2 bushels from last month but remaining below last year. Total use is unchanged with all of the production increase added to ending stocks, now projected at 562 million bushels. The 2023/24 season- average farm price is lowered $0.30 per bushel to $7.70 on larger U.S. and foreign wheat supplies. The global wheat outlook for 2023/24 is for larger supplies, higher consumption, increased trade, and larger stocks. Supplies are projected to increase 10.8 million tons to 1,066.9 million, primarily on larger production for Russia, India, the EU, and Ukraine. Russia is raised 3.5 million tons to 85.0 million, all for winter whea t, on generally favorable conditions after abundant spring precipitation. India is increased 3.5 million tons to 113.5 million, mainly on the government’s third Advanced Estimate. The EU is raised 1.5 million tons to 140.5 million on continued favorable winter wheat conditions for most of the EU member countries. Ukraine is increased 1.0 million tons to 17.5 million on favorable weather conditions in southern Ukraine but production remains below last year on reduced harvested area. Global consumption is increased 4.4 million tons to 796.1 million, mainly on higher feed and residual use for China, Russia, and India. The heavy rains in China’s Henan province during winter wheat harvest is expected to result in larger supplies of feed -quality wheat as China’s feed and residual is raised 2.0 million tons to 34.0 million. World trade is raised 2.9 million tons to 212.6 million, on increased exports by Russia, the EU, India, and Ukraine. Projected 2023/24 global ending stocks are raised 6.4 million tons to 270.7 m illion, largely on increases for India, Russia, and the EU. COARSE GRAINS: The 2023/24 U.S. corn outlook is little changed from last month with increases to both beginning and ending stocks. Corn area and yield forecasts are unchanged. USDA will release its Acreage report on June 30, which will provide survey - based indications of planted and harvested area. Beginning stocks are up 35 million bushels reflecting a forecast decline in exports for 2022/23 that is partly offset by lower imports. Exports are lo wered 50 million bushels, based on reported U.S. Census Bureau shipments through the month of April, export inspection data for the month of May, and expectations of competition from Brazil in the coming months. With no supply or use changes for 2023/24, ending stocks are raised 35 million bushels. The season- average farm price received by producers is unchanged at $4.80 per bushel. Global coarse grain production for 2023/24 is forecast 3.8 million tons higher to 1,513.3 million. This month’s foreign coarse grain outlook is for larger production, trade, and ending WASDE- 637-2 stocks relative to last month. Corn production is raised for Ukraine, reflecting higher area based on data reported by the government. For 2022/23, corn production is lowered for Argentina but rais ed for Brazil. Foreign barley production for 2023/24 is slightly higher, reflecting increases for Ukraine, the EU, and Turkey that are partly offset by reductions for India and Iran. Major global trade changes for 2023/24 include larger corn exports for Ukraine and increased imports for the EU. For 2022/23, corn exports are lowered for Argentina and the United States but raised for Ukraine, Brazil, and South Africa. Barley exports for 2023/24 are raised for the EU and Ukraine. Foreign corn ending stocks are virtually unchanged relative to last month, as increases for Paraguay and Zambia are offset by reductions for Mexico and South Africa. Global corn ending stocks, at 314.0 million ton s, are up 1.1 million from last month. RICE : The only revision this month to the U.S. 2023/24 rice outlook is a reduction in supplies due to smaller beginning stocks. Total supplies are projected at 258.3 million cwt, down 1.0 million from last month on a reduction in long -grain beginning stocks. With no other changes to the balance sheet, total ending stocks are lowered 1.0 million cwt to 30.3 million. The 2023/24 season- average farm rice price forecasts are unchanged at $15.00 per cwt for long grain, $30. 00 per cwt for California medium - and short -grain, and $16.50 per cwt for Other States medium - and short -grain. All of the price forecasts are reductions from 2022/23. Supplies, consumption, and ending stocks are increased for the 2023/24 global outlook, while trade is unchanged. The t hird Advanced Estimate from the Government of India increase s production 4.0 million tons to 136.0 million for 2022/23. India’s larger production in 2022/23 leads to higher ending stocks and is the main reason global supplies increase for 2023/24, up 4.3 million tons to 694.0 million. Global 2023/24 production is unchanged from last month as an increase for India is offset by reductions for Thailand and Cambodia. Trade is unchanged at 55.8 million tons with an increase for Indi a offset by a decrease for Thailand. Total use is increase d 0.8 million tons to 523.8 million, mainly on an increase in use for India. Projected 2023/24 global ending stocks are increase d 3.5 million tons to 170.2 million but remain below a year earlier. OILSEEDS : This month’s U.S. soybean supply and use projections for 2023/24 include higher beginning and ending stocks. Higher beginning stocks reflect reduced exports for 2022/23, down 15 million bushels to 2.0 billion based on lower -than-expected shipment s in May and competition from South America. With increased supplies for 2023/24 and no use changes, soybean ending stocks are projected at 350 million bushels, up 15 million. The soybean price is forecast at $12.10 per bushel, unchanged from last month. The 2023/24 global soybean outlook includes higher beginning stocks, lower crush, and higher ending stocks. Higher beginning stocks for the U nited States and Brazil are partly offset by lower stocks for Argentina. The stock revisions reflect 2022/23 production changes for Brazil, up 1.0 million tons to 156.0 million, and Argentina, down 2.0 million to 25.0 million. Global crush for 2023/24 is lowered on lower crush for Argentina. Global 2023/24 ending stocks are increased 0.8 million tons to 123.3 million with higher stocks for the United States, Brazil, and the EU, which are partly offset by lower stocks for Argentina and Vietnam. Other notable 2023/24 oilseed changes include higher rapeseed production for the EU that is partly offset by lower production for Australia. Malaysian palm oil production is reduced for 2022/23 based on lower -than-expected monthly production estimates for March and April. WASDE- 637-3 SUGAR: Mexico production for 2022/23 is estimated at 5.230 million metric tons (MT), down 155,000 from last month on a low sugarcane yield below 60.0 MT/hectare (3.2 standard deviations below the preceding 9- year average) and sucrose recovery below 11.0 percent (0.9 standard deviations below). There are 10 factories operating as of May 27 and most are expected to end their season soon. Half of the supply reduction is expected to lower deliveries to the IMMEX re- export program to 272,500 MT, of which 247,500 is expected from domestic production and 25,000 from imports. At this point import data from Mexico show imports through March only at 10,867 MT while other countr ies reported exports to Mexico are at 25,772 MT. The current 25,000 MT estimate for imports is based on imports reported for 2021/22 but it should be noted that the preceding 5- year average was 50,742 MT with 82,287 MT supplied by non- USMCA countries in 2017/18. The other half of the supply reduction is expected to lower exports by 67,917 MT to 1.002 million and ending stocks by 9,583 MT to 879,523. CONADESUCA reports exports not under license to the United States to date at 18,291 MT, implying that exports to the United States are down 77,921 from last month to 984,096 MT. Raw sugar with a polarity of less than 99.2 percent is estimated at about 74 percent of this amount (that is, 728,231 MT). Mexico production for 2023/24 at 5.900 million MT is unchanged from last month. Deliveries for IMMEX are projected at 450,000 MT, a reduction of 50,000 from last month and close to the average level between 2017/18 and 2021/22. Exports are residually projected up 50,000 MT to 1.348 million. All exports are projected to go to the United States under lic ense. U.S. beet sugar production for 2022/23 is projected at 5.171 million short tons, raw value (STRV), an increase of 15,375 on higher sucrose recovery from sliced beets. Imports are projected at 3.380 million STRV, a decrease of 66,046 on a 91,046 -STRV decline in sugar expected from Mexico partially offset by a 25,000- STRV increase in high -tier tariff imports. With no change in use, these changes flow through to a reduction in ending stocks by 50,671 STRV. The ending stocks -to-use ratio is estimated at 13.13 percent, down from 13.53 last month. U.S. sugar supply for 2023/24 is projected lower than last month by 90,749 STRV on lower beginning stocks and production partially offset by an increase in imports. Beet sugar production is down by 11,468 STRV on a higher shrink projected by processors , and cane sugar is down by 87,032 STRV on processors’ projections in Florida and Texas. Imports from Mexico are increased by 58,422 STRV. There has been no USDA announcement on the additional specialty sugar TRQ for 2023/24. There is no change in use and stocks are lowered by the change in supply to 1.353 million STRV for an ending stocks -to-use ratio of 10.56 percent, down from 11.26 percent last month. LIVESTOCK, POULTRY, AND DAIRY : The total U.S. red meat and poul try production forecast for 2023 is reduced from last month as higher beef production is more than offset by lower pork and poultry production. Beef production is raised with higher expected steer and heifer, cow, and bull slaughter. Pork production is low ered slightly for the second quarter on a more rapid pace of slaughter but lower carcass weights. No changes were made to the outlying quarters; the Quarterly Hogs and Pigs report, to be released on June 29, will provide indications of supplies of hogs for slaughter in the outlying quarters as well as into early 2024. Broiler production is reduced on the pace of slaughter and recent hatchery data. Turkey production is reduced on recent hatchery data. The egg production forecast reflects first quarter data r evisions. The beef production forecast for 2024 is raised slightly on higher expected placements in 2023; forecasts for all other species are unchanged. WASDE- 637-4 No changes are made to beef trade for 2023 or 2024. Pork exports are raised for both 2023 and 2024 on demand strength. No change is made to the broiler export forecast but turkey exports are raised slightly for 2023. The 2023 cattle price forecast is raised from last month on firm demand. The h og price for the second quarter is raised from last month on o bserved prices; no changes are made to price forecasts for the outlying quarters. Broiler, turkey, and egg prices are reduced on current price data. For 2024, strength in cattle prices is carried forward from 2023; no changes are made to prices for hogs, broilers, turkeys, or eggs. Milk production for 2023 is forecast lower than last month on slower growth in milk -per-cow than previously expected. Milk production for 2024 is unchanged from last month. For 2023 , commercial exports are lowered on both fat and skim -solids bases. Fat basis exports are lowered on recent data and primarily lower projections for butter. Skim -solids basis exports are lowered on recent data and as weaker whey and lactose shipments are expected to more than offset higher exports of no nfat/skim milk powders. For 2024, exports are unchanged on a fat basis but are lowered on a skim -solids basis. Imports for 2023 on a fat basis are raised on stronger expected demand for butter partly offset by weaker cheese imports. Imports on a skim -solid s basis are lowered primarily on lower projected milk protein concentrate imports. Import forecasts for 2024 are unchanged. For 2023, butter and nonfat dry milk (NDM) price forecasts are raised from the previous month on recent price strength and anticipated demand, while cheese and whey price forecasts are lowered. With the changes in product prices, the Class III price is lowered, and the Class IV price is raised. The all milk price forecast is lowered to $19.95 per cwt. For 2024, prices are reduced for cheese and whey but raised for NDM. Butter prices are unchanged from the previous month. The Class III price is forecast low er, while a higher Class IV price is expected. The all milk price forecast is lower ed to $19.65 per cwt. COTTON : The 2023/24 U.S. cotton projections compared to last month show lower beginning stocks, but higher production, exports, and ending stocks. Proj ected abandonment in the Southwest has been reduced due to recent favorable rainfall, resulting in a production increase of 1.0 million bales to 16.5 million. Overall U.S. abandonment is now projected at 16 percent, which would be less than half its 2022/23 level, and close to the long run average. Exports are 500,000 bales higher, at 14.0 million, as both projected U.S. supplies and world trade are higher this month. The 2023/24 season average upland farm price is down 1 cent from the May forecast, at 77 cents per pound, and ending stocks are 200,000 bales higher, at 3.5 million. Revisions to the 2022/23 U.S. cotton balance sheet include a 100,000- bale reduction in domestic mill use based on lagging spinning activity to date, and a 400,000- bale increase in exports based on strong sales and shipment activity to date. Ending stocks for 2022/23 are now projected 300,000 bales lower than in May. In the global 2023/24 cotton balance sheet, higher beginning stocks and production more than offset an increase in consumption, and ending stocks are projected 515,000 bales higher than in May, at 92.8 million. The forecast for world cotton production is 1.0 million bales higher this month as larger crops in the United States and Pakistan offset a 500,000-bale reduction f or China. Consumption is 765,000 bales higher with increases in Vietnam, Pakistan, Bangladesh, Indonesia, and Turkey. World trade is also projected higher, up WASDE- 637-5 900,000 bales, led by increased U.S. exports and China imports. Beginning stocks are 254,000 bales higher as the consumption prospects for 2022/23 continue to decline, down 538,000 bales from the May forecast. The 2022/23 forecast for world production is virtually unchanged as a 740,000- bale decline for West Africa’s Franc Zone is largely offset by increases for the crops in India and Brazil. Approved by the Secretary of Agriculture and by the Chairman of the World Agricultural Outlook Board, Mark Jekanowski, (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: ROBERT BONNIE SECRETARY OF AGRICULTURE DESIGNATE WASDE- 637-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone, ICEC Chair, WAOB, [email protected] Andrew Sowell, ERS; Amy Gaito , FAS; Bruce McWilliams, FPAC. Rice: Mark Simone, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Adolfo Escoto , FAS ; Kent Lanclos, FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Todd Hubbs, ERS; Eric Gero , FAS; Jacob Vuillemin, FPAC. Oilseeds: Joanna Hitchner , ICEC Chair (Acting) , WAOB, [email protected] Maria Bukowski, ERS; Agata Kingsbury, FAS; Gustavo Ferreira, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; Graham Soley, FAS; Kent Lanclos, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Vida Abadam, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; John Brower, FAS; Georgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Grace G rossen, ERS; Claire Mezoughem, FAS; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Angel Teran, ERS; Jeffery Dwyer, FAS; Georgi Gabrielyan, FPAC. In 2023 the WASDE report will be released on Jul 12, Aug 11, Sep 12, Oct 12, Nov 9, and Dec 8. WASDE- 637-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supp ly & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Production .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 June 2023 WASDE - 637 - 8 World and U.S. Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2021/22 2799.17 3592.71 513.45 2802.35 790.36 2022/23 (Est.) 2744.10 3534.46 486.99 2769.38 765.08 filler filler filler filler filler 2023/24 (Proj.) May 2819.82 3580.01 500.44 2810.20 769.81 2023/24 (Proj.) Jun 2833.97 3599.05 506.34 2818.07 780.98 filler filler filler filler filler Wheat 2021/22 780.25 1063.45 202.98 792.52 270.93 2022/23 (Est.) 788.50 1059.43 215.56 792.77 266.66 filler filler filler filler filler 2023/24 (Proj.) May 789.76 1056.05 209.72 791.70 264.34 2023/24 (Proj.) Jun 800.19 1066.85 212.62 796.14 270.71 filler filler filler filler filler Coarse Grains 5/ 2021/22 1504.97 1828.12 253.60 1491.06 337.06 2022/23 (Est.) 1443.08 1780.14 216.01 1455.22 324.92 filler filler filler filler filler 2023/24 (Proj.) May 1509.53 1834.26 234.91 1495.48 338.78 2023/24 (Proj.) Jun 1513.29 1838.21 237.91 1498.16 340.05 filler filler filler filler filler Rice, milled 2021/22 513.95 701.14 56.87 518.77 182.37 2022/23 (Est.) 512.53 694.89 55.43 521.40 173.49 filler filler filler filler filler 2023/24 (Proj.) May 520.52 689.70 55.81 523.02 166.68 2023/24 (Proj.) Jun 520.49 693.99 55.81 523.77 170.21 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2021/22 448.60 513.38 94.85 360.68 57.85 2022/23 (Est.) 408.46 473.88 69.24 348.04 56.60 filler filler filler filler filler 2023/24 (Proj.) May 453.29 516.49 81.49 359.39 75.61 2023/24 (Proj.) Jun 453.45 517.54 81.49 359.39 76.66 filler filler filler filler filler Wheat 2021/22 44.80 70.40 21.78 29.61 19.01 2022/23 (Est.) 44.90 67.31 21.09 29.94 16.28 filler filler filler filler filler 2023/24 (Proj.) May 45.16 65.12 19.73 30.26 15.12 2023/24 (Proj.) Jun 45.32 65.28 19.73 30.26 15.28 filler filler filler filler filler Coarse Grains 5/ 2021/22 397.71 434.32 70.46 326.28 37.58 2022/23 (Est.) 358.47 398.96 46.18 313.31 39.47 filler filler filler filler filler 2023/24 (Proj.) May 402.01 443.15 59.41 324.23 59.50 2023/24 (Proj.) Jun 402.01 444.06 59.41 324.23 60.41 filler filler filler filler filler Rice, milled 2021/22 6.08 8.67 2.61 4.80 1.26 2022/23 (Est.) 5.09 7.61 1.97 4.79 0.84 filler filler filler filler filler 2023/24 (Proj.) May 6.12 8.23 2.35 4.89 0.99 2023/24 (Proj.) Jun 6.12 8.20 2.35 4.89 0.96 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). June 2023 WASDE - 637 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2021/22 2,350.57 3,079.33 418.60 2,441.67 732.51 2022/23 (Est.) 2,335.64 3,060.59 417.75 2,421.34 708.48 filler filler filler filler filler 2023/24 (Proj.) May 2,366.52 3,063.52 418.95 2,450.81 694.19 2023/24 (Proj.) Jun 2,380.52 3,081.51 424.85 2,458.69 704.32 filler filler filler filler filler Wheat 2021/22 735.44 993.06 181.20 762.91 251.93 2022/23 (Est.) 743.60 992.12 194.46 762.83 250.38 filler filler filler filler filler 2023/24 (Proj.) May 744.61 990.93 189.99 761.44 249.22 2023/24 (Proj.) Jun 754.87 1,001.57 192.89 765.87 255.43 filler filler filler filler filler Coarse Grains 5/ 2021/22 1,107.26 1,393.80 183.15 1,164.78 299.47 2022/23 (Est.) 1,084.62 1,381.18 169.83 1,141.91 285.45 filler filler filler filler filler 2023/24 (Proj.) May 1,107.51 1,391.11 175.50 1,171.24 279.28 2023/24 (Proj.) Jun 1,111.28 1,394.16 178.50 1,173.93 279.64 filler filler filler filler filler Rice, milled 2021/22 507.87 692.47 54.26 513.97 181.11 2022/23 (Est.) 507.43 687.28 53.46 516.60 172.65 filler filler filler filler filler 2023/24 (Proj.) May 514.41 681.47 53.46 518.13 165.69 2023/24 (Proj.) Jun 514.37 685.78 53.46 518.88 169.25 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2021/22 115.78 202.00 43.00 115.90 86.16 2022/23 (Est.) 116.32 202.47 37.78 109.09 92.89 filler filler filler filler filler 2023/24 (Proj.) May 115.69 208.32 42.85 116.23 92.28 2023/24 (Proj.) Jun 116.72 209.61 43.75 117.00 92.79 filler filler filler filler filler United States 2021/22 17.52 20.68 14.62 2.55 3.75 2022/23 (Est.) 14.47 18.22 13.00 2.00 3.20 filler filler filler filler filler 2023/24 (Proj.) May 15.50 19.01 13.50 2.20 3.30 2023/24 (Proj.) Jun 16.50 19.71 14.00 2.20 3.50 filler filler filler filler filler Foreign 4/ 2021/22 98.26 181.32 28.38 113.35 82.41 2022/23 (Est.) 101.85 184.25 24.78 107.09 89.69 filler filler filler filler filler 2023/24 (Proj.) May 100.19 189.32 29.35 114.03 88.98 2023/24 (Proj.) Jun 100.22 189.90 29.75 114.80 89.29 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. June 2023 WASDE - 637 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2021/22 610.48 726.28 178.97 510.50 117.59 2022/23 (Est.) 627.40 744.99 200.29 521.33 118.40 filler filler filler filler filler 2023/24 (Proj.) May 671.23 789.16 200.75 542.53 139.03 2023/24 (Proj.) Jun 671.38 789.78 200.30 541.88 140.20 filler filler filler filler filler Oilmeals 2021/22 349.51 368.31 96.17 346.60 19.32 2022/23 (Est.) 355.03 374.35 95.08 354.96 16.02 filler filler filler filler filler 2023/24 (Proj.) May 371.25 387.58 99.37 365.58 18.41 2023/24 (Proj.) Jun 370.77 386.78 98.67 364.92 18.32 filler filler filler filler filler Vegetable Oils 2021/22 207.78 236.47 79.40 202.47 29.12 2022/23 (Est.) 216.67 245.78 87.11 210.91 30.21 filler filler filler filler filler 2023/24 (Proj.) May 223.29 253.34 88.68 217.99 30.59 2023/24 (Proj.) Jun 222.78 252.98 88.37 217.87 30.34 filler filler filler filler filler United States Output Total Supply Trade Total Use 2 / Ending Stocks Oilseeds 2021/22 131.35 141.16 59.71 63.87 9.14 2022/23 (Est.) 125.93 136.52 55.29 64.73 7.97 filler filler filler filler filler 2023/24 (Proj.) May 132.85 141.67 54.82 67.21 10.89 2023/24 (Proj.) Jun 133.20 142.42 54.82 67.21 11.33 filler filler filler filler filler Oilmeals 2021/22 49.27 53.22 12.44 40.43 0.35 2022/23 (Est.) 50.16 54.69 12.93 41.36 0.40 filler filler filler filler filler 2023/24 (Proj.) May 51.81 56.39 13.67 42.26 0.45 2023/24 (Proj.) Jun 51.81 56.39 13.67 42.26 0.45 filler filler filler filler filler Vegetable Oils 2021/22 13.06 19.61 1.05 17.29 1.27 2022/23 (Est.) 13.29 20.56 0.38 18.89 1.29 filler filler filler filler filler 2023/24 (Proj.) May 13.71 21.28 0.45 19.58 1.26 2023/24 (Proj.) Jun 13.71 21.28 0.45 19.58 1.26 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2021/22 479.13 585.12 119.27 446.63 108.45 2022/23 (Est.) 501.47 608.47 145.00 456.59 110.43 filler filler filler filler filler 2023/24 (Proj.) May 538.38 647.49 145.92 475.32 128.14 2023/24 (Proj.) Jun 538.17 647.36 145.47 474.67 128.87 filler filler filler filler filler Oilmeals 2021/22 300.24 315.09 83.73 306.16 18.97 2022/23 (Est.) 304.87 319.65 82.15 313.60 15.61 filler filler filler filler filler 2023/24 (Proj.) May 319.44 331.19 85.69 323.32 17.96 2023/24 (Proj.) Jun 318.96 330.40 85.00 322.66 17.87 filler filler filler filler filler Vegetable Oils 2021/22 194.72 216.86 78.35 185.18 27.84 2022/23 (Est.) 203.38 225.22 86.73 192.02 28.91 filler filler filler filler filler 2023/24 (Proj.) May 209.58 232.05 88.23 198.42 29.34 2023/24 (Proj.) Jun 209.07 231.70 87.92 198.29 29.09 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. June 2023 WASDE - 637 - 11 U.S. Wheat Supply and Use 1/ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. May Jun Million Acres Area Planted 46.7 45.7 49.9 * 49.9 * Area Harvested 37.1 35.5 37.1 * 37.1 * Bushels Yield per Harvested Acre 44.3 46.5 44.7 * 44.9 * Million Bushels Beginning Stocks 845 698 598 598 Production 1,646 1,650 1,659 1,665 Imports 95 125 135 135 Supply, Total 2,587 2,473 2,393 2,399 Food 972 975 977 977 Seed 58 70 65 65 Feed and Residual 59 55 70 70 Domestic, Total 1,088 1,100 1,112 1,112 Exports 800 775 725 725 Use, Total 1,888 1,875 1,837 1,837 Ending Stocks 698 598 556 562 Avg. Farm Price ($/bu) 2/ 7.63 8.85 8.00 7.70 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2022/23 (Est.) Beginning Stocks 376 146 99 54 24 698 Production 531 446 337 272 64 1,650 Imports 5 55 5 6 54 125 Supply, Total 3/ 912 647 441 332 142 2,473 Food 373 269 163 85 85 975 Seed 29 17 15 6 3 70 Feed and Residual 20 -10 65 -25 5 55 Domestic Use 422 276 243 66 93 1,100 Exports 225 220 110 195 25 775 Use, Total 647 496 353 261 118 1,875 Ending Stocks, Total Jun 264 151 88 71 24 598 Ending Stocks, Total May 269 151 88 66 24 598 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. * Planted acres reported in the March 31, 2023, "Prospective Plantings." Harvested acres and yi eld for other spring wheat and Durum are projected using 10- year harvested -to-planted ratios by state and 1985- 2022 yield trends by state (except for Arizona and California Durum). For May, winter wheat harvested acres and yield reported in the May 12, 2023,"Crop Production." For June, winter wheat harvested acres and yield reported in the June 9, 2023,"Crop Production." ** Wheat -by-class projections for 2023/24 will first be published in the July 12, 2023, WASDE June 2023 WASDE - 637 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. May Jun Million Acres Area Planted 105.8 100.4 103.6 * 103.6 * Area Harvested 94.4 87.1 92.6 * 92.6 * Metric Tons Yield per Harvested Acre 4.21 4.11 4.34 4.34 Million Metric Tons Beginning Stocks 34.0 37.6 38.5 39.4 Production 397.5 358.2 401.7 401.7 Imports 2.3 2.6 2.3 2.3 Supply, Total 433.8 398.3 442.6 443.5 Feed and Residual 148.7 137.6 147.3 147.3 Food, Seed & Industrial 177.1 175.1 176.5 176.5 Domestic, Total 325.8 312.7 323.7 323.7 Exports 70.5 46.2 59.4 59.4 Use, Total 396.2 358.9 383.1 383.1 Ending Stocks 37.6 39.4 59.5 60.4 CORN 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. May June Million Acres Area Planted 93.3 88.6 92.0 * 92.0 * Area Harvested 85.3 79.2 84.1 * 84.1 * Bushels Yield per Harvested Acre 176.7 173.3 181.5 * 181.5 * Million Bushels Beginning Stocks 1,235 1,377 1,417 1,452 Production 15,074 13,730 15,265 15,265 Imports 24 25 25 25 Supply, Total 16,333 15,132 16,707 16,742 Feed and Residual 5,721 5,275 5,650 5,650 Food, Seed & Industrial 2/ 6,764 6,680 6,735 6,735 Ethanol & by -products 3/ 5,326 5,250 5,300 5,300 Domestic, Total 12,484 11,955 12,385 12,385 Exports 2,471 1,725 2,100 2,100 Use, Total 14,956 13,680 14,485 14,485 Ending Stocks 1,377 1,452 2,222 2,257 Avg. Farm Price ($/bu) 4/ 6.00 6.60 4.80 4.80 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by- products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average pric e received by farmers. * Planted acres reported in the March 31, 2023, "Prospective Plantings." For corn, harvested acres projected based on historical abandonment and use for silage. The yield projection is based on a weather -adjusted trend, estimated using the 1988- 2022 time period, assuming normal planting progress and summer growing season weather. June 2023 WASDE - 637 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. May Jun Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 7.3 6.3 6.0 * 6.0 * Area Harvested (mil. acres) 6.5 4.6 5.2 * 5.2 * Yield (bushels/acre) 69.0 41.1 69.2 * 69.2 * Beginning Stocks 20 47 25 25 Production 448 188 360 360 Imports 0 0 0 0 Supply, Total 468 235 385 385 Feed and Residual 81 65 70 70 Food, Seed & Industrial 45 55 50 50 Total Domestic 127 120 120 120 Exports 294 90 235 235 Use, Total 421 210 355 355 Ending Stocks 47 25 30 30 Avg. Farm Price ($/bu) 2/ 5.94 6.90 4.80 4.80 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. May June Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.7 2.9 2.9 * 2.9 * Area Harvested (mil. acres) 2.0 2.4 2.4 * 2.4 * Yield (bushels/acre) 60.3 71.7 76.3 * 76.3 * Beginning Stocks 71 42 66 67 Production 120 174 183 183 Imports 15 23 14 14 Supply, Total 206 239 263 264 Feed and Residual 20 40 40 40 Food, Seed & Industrial 137 130 135 135 Total Domestic 157 170 175 175 Exports 7 2 3 3 Use, Total 164 172 178 178 Ending Stocks 42 67 85 86 Avg. Farm Price ($/bu) 2/ 5.31 7.35 6.10 6.10 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. May June Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.6 2.6 2.7 * 2.7 * Area Harvested (mil. acres) 0.7 0.9 0.9 * 0.9 * Yield (bushels/acre) 61.3 64.8 66.7 * 66.7 * Beginning Stocks 38 33 32 32 Production 40 58 60 60 Imports 81 85 80 80 Supply, Total 159 175 172 172 Feed and Residual 44 60 60 60 Food, Seed & Industrial 79 81 81 81 Total Domestic 124 141 141 141 Exports 3 2 2 2 Use, Total 126 143 143 143 Ending Stocks 33 32 29 29 Avg. Farm Price ($/bu) 2/ 4.55 4.65 3.30 3.30 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. * Planted acres reported in the March 31, 2023, "Prospective Plantings." Harvested area for sorghum, barley and oats based on historical average harvested- to-planted ratios. For sorghum the projected yield is the median yield for 2003- 2022. For barley and oats, projected yields are based on the 1993 -2022 linear trends. Yields shown reflect production rounding. June 2023 WASDE - 637 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. May Jun Million Acres Area Planted 2.53 2.22 2.58 * 2.58 * Area Harvested 2.49 2.17 2.54 * 2.54 * Fil ler Pounds Yield per Harvested Acre 7,709 7,383 7,587 * 7,587 * Million Hundredweight Beginning Stocks 2/ 43.7 39.7 27.6 26.6 Production 191.6 160.4 192.7 192.7 Imports 37.8 39.5 39.0 39.0 Supply, Total 273.0 239.6 259.3 258.3 Domestic & Residual 3/ 151.1 151.0 154.0 154.0 Exports, Total 4/ 82.2 62.0 74.0 74.0 Rough 28.3 18.0 21.0 21.0 Milled (rough equiv.) 53.9 44.0 53.0 53.0 Use, Total 233.3 213.0 228.0 228.0 Ending Stocks 39.7 26.6 31.3 30.3 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 16.10 19.40 17.60 17.60 Total LONG -GRAIN RICE 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. May June Harvested Acres (mil.) 1.94 1.77 Yield (pounds/acre) 7,471 7,224 Beginning Stocks 29.7 24.6 16.8 15.8 Imports 30.7 31.0 31.0 31.0 Production 144.6 128.2 142.0 142.0 Supply, Total 7/ 205.0 183.8 189.8 188.8 Domestic & Residual 3/ 119.7 119.0 121.0 121.0 Exports 8/ 60.6 49.0 52.0 52.0 Use, Total 180.3 168.0 173.0 173.0 Ending Stocks 24.6 15.8 16.8 15.8 Avg. Farm Price ($/cwt) 6/ 13.60 16.90 15.00 15.00 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. May June Harvested Acres (mil.) 0.55 0.40 Yield (pounds/acre) 8,549 8,094 Beginning Stocks 11.5 13.0 8.8 8.8 Imports 7.1 8.5 8.0 8.0 Production 47.0 32.2 50.7 50.7 Supply, Total 7/ 66.0 53.8 67.5 67.5 Domestic & Residual 3/ 31.4 32.0 33.0 33.0 Exports 8/ 21.5 13.0 22.0 22.0 Use, Total 53.0 45.0 55.0 55.0 Ending Stocks 13.0 8.8 12.5 12.5 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 26.40 29.30 25.70 25.70 California 10/ 31.90 36.00 30.00 30.00 Other States 1/ 13.90 17.90 16.50 16.50 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2019/20 -1.0; 2020/21-2.5; 2021/22 -2.0. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing -year weighted average price received by farme rs. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The California medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the f inal price may differ. 10/ Marketing year beginning October 1. * Planted acres reported in March 31, 2023, "Prospective Plantings. " Harvested acres are estimated using long run harvested -to-planted ratios by rice class. Projected yield is based on by class trend analysis. June 2023 WASDE - 637 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. May Jun Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 87.2 87.5 87.5 * 87.5 * Area Harvested 86.3 86.3 86.7 * 86.7 * Fil ler Bushels Yield per Harvested Acre 51.7 49.5 52.0 * 52.0 * Million Bushels Beginning Stocks 257 274 215 230 Production 4,465 4,276 4,510 4,510 Imports 16 20 20 20 Supply, Total 4,738 4,571 4,745 4,760 Crushings 2,204 2,220 2,310 2,310 Exports 2,158 2,000 1,975 1,975 Seed 102 102 101 101 Residual 1 19 25 25 Use, Total 4,464 4,340 4,411 4,411 Ending Stocks 274 230 335 350 Avg. Farm Price ($/bu) 2/ 13.30 14.20 12.10 12.10 Total SOYBEAN OIL 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. May June Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 2,131 1,991 1,936 1,936 Production 4/ 26,155 26,195 27,145 27,145 Imports 303 325 350 350 Supply, Total 28,590 28,511 29,431 29,431 Domestic Disappearance 24,825 26,125 27,000 27,000 Biofuel 3/ 10,348 11,600 12,500 12,500 Food, Feed & other Industrial 14,477 14,525 14,500 14,500 Exports 1,773 450 600 600 Use, Total 26,599 26,575 27,600 27,600 Ending stocks 1,991 1,936 1,831 1,831 Avg. Price (c/lb) 2/ 72.98 64.00 58.00 58.00 Total SOYBEAN MEAL 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. May June Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 341 311 350 350 Production 4/ 51,814 52,564 54,375 54,375 Imports 649 675 650 650 Supply, Total 52,804 53,550 55,375 55,375 Domestic Disappearance 38,970 39,200 40,175 40,175 Exports 13,524 14,000 14,800 14,800 Use, Total 52,493 53,200 54,975 54,975 Ending Stocks 311 350 400 400 Avg. Price ($/s.t.) 2/ 439.81 445.00 365.00 365.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects soybean oil used for biofuels as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,220 million bushels for 2022/23 and 2,310 million bushels for 2023/24. *Planted acres are reported in the March 31, 2023 Prospective Plantings report . Harvested acres are based historical planted -to-harvested ratios. The projected yield is based on a w eather -adjusted trend model and assumes normal weather. June 2023 WASDE - 637 - 16 U.S. Sugar Supply and Use 1/ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. May Jun Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,705 1,820 1,734 1,683 Production 2/ 9,157 9,298 9,225 9,127 Beet Sugar 5,155 5,171 4,961 4,950 Cane Sugar 4,002 4,127 4,264 4,177 Florida 1,934 2,015 2,065 2,034 Louisiana 1,944 2,034 2,092 2,092 Texas 124 78 107 51 Imports 3,646 3,380 3,300 3,358 TRQ 3/ 1,579 1,730 1,413 1,413 Other Program 4/ 298 250 250 250 Non-program 1,769 1,400 1,637 1,696 Mexico 1,379 1,150 1,517 1,576 High -tier tariff/other 390 250 120 120 Total Supply 14,508 14,498 14,259 14,168 Exports 29 35 35 35 Deliveries 12,578 12,780 12,780 12,780 Food 12,470 12,675 12,675 12,675 Other 5/ 107 105 105 105 Miscellaneous 81 0 0 0 Total Use 12,688 12,815 12,815 12,815 Ending Stocks 1,820 1,683 1,444 1,353 Stocks to Use Ratio 14.3 13.1 11.3 10.6 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2022/23 and 2023/24 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2022/23, WTO raw sugar TRQ short fall (132) and for 2023/24 (94). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries fo r livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE - reported deliveries: 2021/22 -- 303; estimated 2022/23 -- 299; projected 2023/24 -- 291 Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2022/23 Est. May 964 5,385 45 4,435 1,070 889 2022/23 Est. Jun 964 5,230 45 4,357 1,002 880 2023/24 Proj. May 889 5,900 45 4,639 1,298 897 2023/24 Proj. Jun 880 5,900 45 4,589 1,348 887 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2021/22 = 1,320; Estimated 2022/23 = 1,407; Projected 2023/24 = 1,407; Estimated Oct. - Apr. 2023 = 787; Estimated Oct. - Apr. 2022 = 726. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2022/23 (273 est =248 dom.+25 import); 2023/24 (450 proj = 425 dom.+25 import). Statistical Adjustments: 2022/23 (0), 2023/24 (0). June 2023 WASDE - 637 - 17 U.S. Cotton Supply and Use 1/ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. May Jun Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 11.22 13.76 11.26 * 11.26 * Harvested 10.27 7.31 8.71 * 9.41 * Fil ler Pounds Yield per Harvested Acre 819 950 854 * 841 * Million 480 Pound Bales Beginning Stocks 3.15 3.75 3.50 3.20 Production 17.52 14.47 15.50 16.50 Imports 0.01 0.01 0.01 0.01 Supply, Total 20.68 18.22 19.01 19.71 Domestic Use 2.55 2.00 2.20 2.20 Exports, Total 14.62 13.00 13.50 14.00 Use, Total 17.17 15.00 15.70 16.20 Unaccounted 2/ -0.24 0.02 0.01 0.01 Ending Stocks 3.75 3.20 3.30 3.50 Avg. Farm Price 3/ 91.4 82.0 78.0 77.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. *Planted area as reported in March 31, 2023 Prospective Plantings. Yield based on 5- year average yields by region. Harvested area based on 10- year average abandonment by region, with the Southwest adjusted to reflect conditions to date. Projected abandonment in the Southwest is reduced from 35 percent in May to 25 percent in June due to recent favorable precipitation. June 2023 WASDE - 637 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 283.21 780.25 199.37 160.98 792.52 202.98 270.93 World Less China 144.09 643.30 189.80 125.98 644.52 202.11 134.17 United States 23.00 44.80 2.59 1.60 29.61 21.78 19.01 Total Foreign 260.21 735.44 196.78 159.38 762.92 181.20 251.93 Major Exporters 4/ 34.88 327.22 5.79 78.40 185.70 142.47 39.72 Argentina 2.32 22.15 0.00 0.25 6.55 16.00 1.93 Australia 3.02 36.24 0.21 5.00 8.50 27.51 3.45 Canada 5.95 22.42 0.55 5.15 10.15 15.12 3.66 European Union 5/ 10.70 138.24 4.63 45.00 108.25 32.00 13.32 Russia 11.38 75.16 0.30 18.50 41.75 33.00 12.09 Ukraine 1.51 33.01 0.10 4.50 10.50 18.84 5.27 Major Importers 6/ 176.66 203.16 130.33 54.68 323.57 15.31 171.28 Bangladesh 2.14 1.09 6.34 0.55 8.25 0.00 1.31 Brazil 1.91 7.70 6.39 0.45 11.75 3.07 1.18 China 139.12 136.95 9.57 35.00 148.00 0.88 136.76 Japan 1.04 1.13 5.61 0.75 6.30 0.30 1.18 N. Africa 7/ 11.55 20.43 26.61 1.87 47.02 0.41 11.17 Nigeria 0.79 0.09 6.19 0.05 5.85 0.60 0.62 Sel. Mideast 8/ 10.13 16.47 22.76 3.88 38.77 0.75 9.84 Southeast Asia 9/ 4.45 0.00 27.03 8.50 25.63 1.23 4.62 Selected Other India 27.80 109.59 0.03 7.00 109.88 8.03 19.50 Kazakhstan 1.48 11.81 2.50 1.35 6.20 8.10 1.49 United Kingdom 1.42 13.99 2.64 7.32 15.32 0.87 1.85 2022/23 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 270.93 788.50 208.89 156.07 792.77 215.56 266.66 World Less China 134.17 650.77 194.89 123.07 644.77 214.66 127.08 United States 19.01 44.90 3.40 1.50 29.94 21.09 16.28 Total Foreign 251.93 743.60 205.49 154.58 762.83 194.46 250.38 Major Exporters 4/ 39.72 332.62 12.67 76.05 183.35 157.00 44.65 Argentina 1.93 12.55 0.01 0.05 6.55 5.00 2.93 Australia 3.45 39.00 0.20 5.00 8.50 31.00 3.15 Canada 3.66 33.82 0.60 4.50 9.55 26.00 2.54 European Union 5/ 13.32 134.34 11.50 44.00 108.00 34.50 16.66 Russia 12.09 92.00 0.30 19.00 42.25 44.50 17.64 Ukraine 5.27 20.90 0.06 3.50 8.50 16.00 1.73 Major Importers 6/ 171.28 205.75 132.98 51.00 321.11 15.07 173.83 Bangladesh 1.31 1.10 5.00 0.20 6.70 0.00 0.71 Brazil 1.18 10.60 5.10 0.55 11.95 2.80 2.13 China 136.76 137.72 14.00 33.00 148.00 0.90 139.58 Japan 1.18 1.04 5.70 0.75 6.35 0.30 1.27 N. Africa 7/ 11.17 17.13 29.20 1.47 46.67 0.70 10.13 Nigeria 0.62 0.11 5.00 0.00 5.00 0.40 0.33 Sel. Mideast 8/ 9.84 17.19 23.78 3.68 39.46 0.57 10.77 Southeast Asia 9/ 4.62 0.00 24.60 7.55 24.25 1.15 3.83 Selected Other India 19.50 104.00 0.04 6.50 108.72 5.32 9.50 Kazakhstan 1.49 16.40 2.00 2.20 7.10 10.00 2.80 United Kingdom 1.85 15.54 1.90 7.00 15.00 1.80 2.49 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancie s in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines , Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. June 2023 WASDE - 637 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ May 266.28 789.76 207.54 150.86 791.70 209.72 264.34 Jun 266.66 800.19 209.54 154.79 796.14 212.62 270.71 World Less China May 127.20 649.76 197.04 118.86 642.70 208.82 124.66 Jun 127.08 660.19 197.54 120.79 645.14 211.72 131.03 United States May 16.28 45.16 3.67 1.91 30.26 19.73 15.12 Jun 16.28 45.32 3.67 1.91 30.26 19.73 15.28 Total Foreign May 250.00 744.61 203.87 148.96 761.44 189.99 249.22 Jun 250.38 754.87 205.87 152.88 765.87 192.89 255.43 Major Exporters 4/ May 44.26 322.50 8.17 74.60 181.70 155.50 37.73 Jun 44.65 328.50 8.17 75.60 182.80 157.50 41.01 Argentina May 2.53 19.50 0.01 0.10 6.50 13.50 2.04 Jun 2.93 19.50 0.01 0.10 6.60 13.50 2.34 Australia May 3.15 29.00 0.20 4.50 8.00 21.00 3.35 Jun 3.15 29.00 0.20 4.50 8.00 21.00 3.35 Canada May 2.54 37.00 0.60 4.50 9.60 27.50 3.04 Jun 2.54 37.00 0.60 4.50 9.60 27.50 3.04 European Union 5/ May 16.16 139.00 7.00 45.00 109.50 38.00 14.66 Jun 16.66 140.50 7.00 45.00 109.50 38.50 16.16 Russia May 17.64 81.50 0.30 18.00 41.00 45.50 12.94 Jun 17.64 85.00 0.30 19.00 42.00 46.50 14.44 Ukraine May 2.24 16.50 0.06 2.50 7.10 10.00 1.70 Jun 1.73 17.50 0.06 2.50 7.10 10.50 1.69 Major Importers 6/ May 172.68 210.60 133.42 49.25 323.89 16.45 176.36 Jun 173.83 211.10 135.12 51.55 326.29 16.45 177.31 Bangladesh May 0.71 1.10 5.80 0.25 6.75 0.00 0.86 Jun 0.71 1.10 5.80 0.25 6.75 0.00 0.86 Brazil May 1.78 10.00 5.60 0.55 12.05 3.50 1.83 Jun 2.13 10.00 5.60 0.55 12.05 3.50 2.18 China May 139.08 140.00 10.50 32.00 149.00 0.90 139.68 Jun 139.58 140.00 12.00 34.00 151.00 0.90 139.68 Japan May 1.27 1.17 5.60 0.75 6.35 0.30 1.39 Jun 1.27 1.17 5.60 0.75 6.35 0.30 1.39 N. Africa 7/ May 10.43 16.17 31.70 1.45 47.20 0.60 10.50 Jun 10.13 16.17 31.90 1.45 47.30 0.60 10.30 Nigeria May 0.33 0.12 6.00 0.00 5.60 0.60 0.25 Jun 0.33 0.12 6.00 0.00 5.60 0.60 0.25 Sel. Mideast 8/ May 10.47 19.68 22.52 3.60 40.16 0.58 11.93 Jun 10.77 19.68 22.52 3.60 40.16 0.58 12.23 Southeast Asia 9/ May 3.93 0.00 26.00 7.45 24.53 1.13 4.28 Jun 3.83 0.00 26.00 7.45 24.33 1.13 4.38 Selected Other India May 9.50 110.00 0.10 5.00 107.60 0.50 11.50 Jun 9.50 113.50 0.10 5.50 108.10 1.00 14.00 Kazakhstan May 2.80 14.00 2.00 1.50 6.40 9.50 2.90 Jun 2.80 14.00 2.00 1.50 6.40 9.50 2.90 United Kingdom May 2.49 15.50 1.70 7.30 15.40 1.70 2.59 Jun 2.49 15.70 1.70 7.30 15.40 1.90 2.59 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman . 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. June 2023 WASDE - 637 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 323.14 1,504.97 230.14 910.60 1,491.06 253.60 337.06 World Less China 115.69 1,224.12 188.64 682.77 1,171.04 253.59 127.28 United States 34.01 397.71 2.59 148.73 326.28 70.46 37.58 Total Foreign 289.13 1,107.26 227.55 761.87 1,164.79 183.15 299.47 Major Exporters 4/ 19.41 332.81 9.77 139.82 186.34 149.05 26.60 Argentina 2.06 59.16 0.01 12.82 18.59 40.11 2.52 Australia 2.98 19.22 0.00 5.89 7.76 10.83 3.61 Brazil 4.60 120.62 3.25 63.59 75.68 48.30 4.50 Canada 3.63 25.12 6.40 17.50 25.79 5.65 3.71 Russia 1.90 38.54 0.10 22.23 31.11 7.58 1.85 Ukraine 1.65 53.51 0.02 10.45 13.58 32.93 8.67 Major Importers 5/ 36.19 248.16 138.74 285.99 370.31 15.31 37.47 European Union 6/ 14.50 154.77 21.30 118.15 158.93 13.74 17.89 Japan 1.66 0.24 16.51 13.09 16.82 0.00 1.59 Mexico 3.60 32.79 18.56 31.05 50.77 0.25 3.93 N. Afr & Mideast 7/ 7.03 29.04 40.51 60.80 69.39 0.69 6.49 Saudi Arabia 1.33 0.15 8.28 8.02 8.35 0.00 1.41 Southeast Asia 8/ 5.29 30.90 17.33 41.11 49.48 0.63 3.40 South Korea 2.04 0.19 11.62 9.26 11.78 0.00 2.07 Selected Other China 207.46 280.85 41.50 227.83 320.03 0.01 209.77 2022/23 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 337.06 1,443.08 212.87 893.55 1,455.22 216.01 324.92 World Less China 127.28 1,157.58 181.95 664.45 1,134.92 215.96 119.07 United States 37.58 358.47 2.91 137.77 313.31 46.18 39.47 Total Foreign 299.47 1,084.62 209.96 755.78 1,141.91 169.83 285.45 Major Exporters 4/ 26.60 325.14 3.46 139.36 187.55 142.30 25.35 Argentina 2.52 43.71 0.01 10.60 16.51 27.20 2.52 Australia 3.61 18.67 0.00 5.97 7.85 10.83 3.61 Brazil 4.50 136.60 1.51 65.55 79.09 55.03 8.49 Canada 3.71 30.54 1.75 16.77 24.74 6.78 4.48 Russia 1.85 44.13 0.10 25.08 34.55 9.22 2.32 Ukraine 8.67 34.06 0.00 7.99 10.95 29.55 2.24 Major Importers 5/ 37.47 229.02 138.44 280.50 362.87 11.27 30.78 European Union 6/ 17.89 133.84 26.88 116.77 156.17 9.38 13.08 Japan 1.59 0.25 16.47 12.85 16.75 0.00 1.55 Mexico 3.93 32.35 17.97 31.35 50.77 0.20 3.28 N. Afr & Mideast 7/ 6.49 31.39 35.15 58.00 66.05 0.83 6.16 Saudi Arabia 1.41 0.14 8.61 8.61 8.95 0.00 1.21 Southeast Asia 8/ 3.40 30.81 17.56 39.35 47.85 0.87 3.05 South Korea 2.07 0.16 11.44 9.25 11.76 0.00 1.91 Selected Other China 209.77 285.50 30.93 229.10 320.30 0.05 205.85 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grai n in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Afr ica and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. June 2023 WASDE - 637 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ May 324.73 1,509.53 223.05 921.26 1,495.48 234.91 338.78 Jun 324.92 1,513.29 226.05 924.13 1,498.16 237.91 340.05 World Less China May 118.88 1,221.23 184.65 684.66 1,167.68 234.89 134.06 Jun 119.07 1,224.99 187.65 687.53 1,170.36 237.89 135.33 United States May 38.56 402.01 2.57 147.31 324.23 59.41 59.50 Jun 39.47 402.01 2.57 147.31 324.23 59.41 60.41 Total Foreign May 286.18 1,107.51 220.48 773.94 1,171.24 175.50 279.28 Jun 285.45 1,111.28 223.48 776.81 1,173.93 178.50 279.64 Major Exporters 4/ May 25.56 327.19 3.69 139.75 189.15 145.15 22.14 Jun 25.35 330.29 3.69 139.85 189.40 147.95 21.98 Argentina May 2.29 62.58 0.01 11.51 17.57 44.90 2.40 Jun 2.52 62.58 0.01 11.51 17.62 44.90 2.58 Australia May 3.60 13.74 0.00 5.76 7.64 7.61 2.09 Jun 3.61 13.74 0.00 5.76 7.64 7.61 2.10 Brazil May 8.49 134.33 1.70 67.30 82.34 55.02 7.17 Jun 8.49 134.33 1.70 67.30 82.34 55.02 7.17 Canada May 4.58 28.35 1.85 16.41 24.45 6.48 3.84 Jun 4.48 28.35 1.85 16.41 24.45 6.48 3.74 Russia May 2.42 42.15 0.10 24.00 33.40 8.91 2.37 Jun 2.32 42.25 0.10 24.00 33.40 9.01 2.27 Ukraine May 2.24 28.67 0.00 7.35 9.83 18.83 2.25 Jun 2.24 31.67 0.00 7.45 10.03 21.53 2.35 Major Importers 5/ May 31.89 245.06 140.63 289.46 372.72 13.88 30.99 Jun 30.78 245.51 143.63 292.16 375.43 14.08 30.42 European Union 6/ May 13.89 146.40 21.48 116.11 155.83 12.20 13.74 Jun 13.08 146.65 23.98 118.11 157.83 12.40 13.47 Japan May 1.55 0.25 17.01 13.34 17.24 0.00 1.57 Jun 1.55 0.25 17.01 13.34 17.24 0.00 1.57 Mexico May 3.58 33.24 18.78 32.55 52.37 0.30 2.93 Jun 3.28 33.24 18.78 32.55 52.37 0.30 2.63 N. Afr & Mideast 7/ May 6.15 33.57 38.37 63.22 71.42 0.77 5.91 Jun 6.16 33.67 38.57 63.53 71.73 0.77 5.90 Saudi Arabia May 1.21 0.15 9.11 8.92 9.26 0.00 1.21 Jun 1.21 0.15 9.41 9.22 9.56 0.00 1.21 Southeast Asia 8/ May 3.05 31.21 19.31 41.25 49.80 0.61 3.14 Jun 3.05 31.31 19.31 41.35 49.90 0.61 3.14 South Korea May 1.91 0.16 11.91 9.54 12.03 0.00 1.95 Jun 1.91 0.16 11.91 9.54 12.03 0.00 1.95 Selected Other China May 205.85 288.30 38.40 236.60 327.80 0.03 204.72 Jun 205.85 288.30 38.40 236.60 327.80 0.03 204.72 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philip pines, Thailand, and Vietnam. June 2023 WASDE - 637 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 293.07 1,218.70 184.49 745.97 1,201.89 206.53 309.88 World Less China 87.36 946.15 162.61 536.97 910.89 206.53 100.74 United States 31.36 382.89 0.62 145.31 317.12 62.78 34.98 Total Foreign 261.71 835.81 183.87 600.66 884.78 143.76 274.90 Major Exporters 4/ 9.04 238.99 2.67 94.40 117.70 117.60 15.39 Argentina 1.18 49.50 0.01 10.50 14.50 34.69 1.50 Brazil 4.15 116.00 2.60 59.50 70.50 48.28 3.97 Russia 0.75 15.23 0.05 10.00 11.10 4.00 0.93 South Africa 2.12 16.14 0.00 7.20 13.20 3.65 1.41 Ukraine 0.83 42.13 0.02 7.20 8.40 26.98 7.59 Major Importers 5/ 21.73 136.59 94.28 165.82 222.25 6.91 23.45 Egypt 1.36 7.44 9.76 14.50 17.00 0.00 1.56 European Union 6/ 7.83 71.37 19.74 60.00 81.70 6.03 11.21 Japan 1.42 0.01 15.00 11.70 15.04 0.00 1.39 Mexico 3.08 26.76 17.57 25.80 44.00 0.25 3.16 Southeast Asia 7/ 5.28 30.85 16.15 40.10 48.25 0.63 3.39 South Korea 2.02 0.09 11.51 9.22 11.56 0.00 2.06 Selected Other Canada 2.17 14.61 6.14 12.17 17.98 2.19 2.75 China 205.70 272.55 21.88 209.00 291.00 0.00 209.14 2022/23 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2 / Exports Ending Stocks World 3/ 309.88 1,150.73 175.03 730.86 1,163.06 176.57 297.55 World Less China 100.74 873.53 157.03 512.86 864.06 176.55 92.24 United States 34.98 348.75 0.64 133.99 303.67 43.82 36.87 Total Foreign 274.90 801.98 174.40 596.87 859.39 132.76 260.68 Major Exporters 4/ 15.39 226.83 1.06 92.40 117.20 112.90 13.19 Argentina 1.50 35.00 0.01 8.00 12.00 23.00 1.51 Brazil 3.97 132.00 1.00 61.50 74.00 55.00 7.97 Russia 0.93 15.83 0.05 10.60 11.70 4.20 0.91 South Africa 1.41 17.00 0.00 7.30 13.30 3.70 1.41 Ukraine 7.59 27.00 0.00 5.00 6.20 27.00 1.39 Major Importers 5/ 23.45 117.85 95.70 159.40 214.80 4.07 18.12 Egypt 1.56 7.44 7.00 12.00 14.50 0.00 1.50 European Union 6/ 11.21 52.97 24.50 58.00 78.60 3.00 7.08 Japan 1.39 0.01 15.00 11.50 15.00 0.00 1.40 Mexico 3.16 26.50 17.20 26.00 44.00 0.20 2.66 Southeast Asia 7/ 3.39 30.76 16.40 38.40 46.65 0.87 3.04 South Korea 2.06 0.09 11.30 9.20 11.55 0.00 1.90 Selected Other Canada 2.75 14.54 1.70 9.30 14.60 1.90 2.49 China 209.14 277.20 18.00 218.00 299.00 0.02 205.32 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. June 2023 WASDE - 637 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ May 297.41 1,219.63 184.50 758.63 1,204.14 195.26 312.90 Jun 297.55 1,222.77 187.00 760.79 1,206.35 197.76 313.98 World Less China May 92.09 939.63 161.50 535.63 900.14 195.24 108.60 Jun 92.24 942.77 164.00 537.79 902.35 197.74 109.68 United States May 35.98 387.75 0.64 143.52 314.59 53.34 56.43 Jun 36.87 387.75 0.64 143.52 314.59 53.34 57.32 Total Foreign May 261.43 831.88 183.87 615.12 889.54 141.92 256.47 Jun 260.68 835.02 186.37 617.27 891.75 144.42 256.65 Major Exporters 4/ May 13.53 238.10 1.26 94.40 120.70 119.60 12.59 Jun 13.19 240.60 1.26 94.40 120.70 122.10 12.24 Argentina May 1.50 54.00 0.01 9.30 13.50 40.50 1.51 Jun 1.51 54.00 0.01 9.30 13.50 40.50 1.51 Brazil May 7.97 129.00 1.20 62.50 76.50 55.00 6.67 Jun 7.97 129.00 1.20 62.50 76.50 55.00 6.67 Russia May 1.01 16.30 0.05 10.80 11.90 4.20 1.26 Jun 0.91 16.30 0.05 10.80 11.90 4.20 1.16 South Africa May 1.66 16.80 0.00 7.30 13.30 3.40 1.76 Jun 1.41 16.80 0.00 7.30 13.30 3.40 1.51 Ukraine May 1.39 22.00 0.00 4.50 5.50 16.50 1.39 Jun 1.39 24.50 0.00 4.50 5.50 19.00 1.39 Major Importers 5/ May 18.82 130.65 96.85 166.10 222.35 5.91 18.06 Jun 18.12 130.75 99.35 168.20 224.45 5.91 17.86 Egypt May 1.50 7.60 8.50 13.70 16.20 0.00 1.40 Jun 1.50 7.60 8.50 13.70 16.20 0.00 1.40 European Union 6/ May 7.48 64.30 20.00 58.50 79.50 5.00 7.28 Jun 7.08 64.30 22.50 60.50 81.50 5.00 7.38 Japan May 1.40 0.01 15.50 12.00 15.50 0.00 1.42 Jun 1.40 0.01 15.50 12.00 15.50 0.00 1.42 Mexico May 2.96 27.40 18.00 27.30 45.70 0.30 2.36 Jun 2.66 27.40 18.00 27.30 45.70 0.30 2.06 Southeast Asia 7/ May 3.04 31.16 18.45 40.60 48.90 0.61 3.14 Jun 3.04 31.26 18.45 40.70 49.00 0.61 3.14 South Korea May 1.90 0.09 11.80 9.50 11.85 0.00 1.94 Jun 1.90 0.09 11.80 9.50 11.85 0.00 1.94 Selected Other Canada May 2.59 14.30 1.80 9.20 14.60 1.80 2.29 Jun 2.49 14.30 1.80 9.20 14.60 1.80 2.19 China May 205.32 280.00 23.00 223.00 304.00 0.02 204.30 Jun 205.32 280.00 23.00 223.00 304.00 0.02 204.30 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. June 2023 WASDE - 637 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 187.19 513.95 54.49 518.77 56.87 182.37 World Less China 70.69 364.96 48.54 362.41 54.79 69.37 United States 1.39 6.08 1.20 4.80 2.61 1.26 Total Foreign 185.80 507.87 53.29 513.97 54.26 181.11 Major Exporters 4/ 46.82 197.84 1.63 158.90 43.91 43.49 Burma 1.31 12.40 0.00 10.40 2.34 0.98 India 37.00 129.47 0.00 110.45 22.03 34.00 Pakistan 1.89 9.32 0.01 3.75 4.82 2.65 Thailand 3.98 19.88 0.13 12.80 7.68 3.50 Vietnam 2.64 26.77 1.50 21.50 7.05 2.35 Major Importers 5/ 126.78 242.00 22.43 263.11 2.54 125.55 China 116.50 148.99 5.95 156.36 2.08 113.00 European Union 6/ 0.68 1.73 2.41 3.50 0.41 0.91 Indonesia 3.06 34.40 0.74 35.30 0.00 2.90 Nigeria 1.69 5.26 2.45 7.35 0.00 2.05 Philippines 2.36 12.54 3.60 15.40 0.00 3.10 Sel. Mideast 7/ 0.91 2.15 4.32 6.15 0.00 1.22 Selected Other Brazil 1.17 7.34 0.93 7.15 1.39 0.90 C. Amer & Carib 8/ 0.57 1.62 1.68 3.26 0.04 0.58 Egypt 1.16 2.90 0.61 4.05 0.01 0.61 Japan 1.94 7.64 0.69 8.20 0.12 1.95 Mexico 0.20 0.18 0.74 0.97 0.01 0.14 South Korea 1.02 3.88 0.44 3.95 0.05 1.33 2022/23 Est. Beginning Stocks Productio n Imports Total /2 Domestic Exports Ending Stocks World 3/ 182.37 512.53 54.18 521.40 55.43 173.49 World Less China 69.37 366.58 49.38 366.45 53.43 66.69 United States 1.26 5.09 1.25 4.79 1.97 0.84 Total Foreign 181.11 507.43 52.92 516.61 53.46 172.65 Major Exporters 4/ 43.49 200.50 1.26 160.60 43.90 40.75 Burma 0.98 11.80 0.00 10.20 2.00 0.58 India 34.00 136.00 0.00 112.50 22.50 35.00 Pakistan 2.65 5.50 0.01 3.60 3.70 0.86 Thailand 3.50 20.20 0.15 12.80 8.50 2.55 Vietnam 2.35 27.00 1.10 21.50 7.20 1.75 Major Importers 5/ 125.55 238.72 22.60 264.00 2.44 120.44 China 113.00 145.95 4.80 154.95 2.00 106.80 European Union 6/ 0.91 1.34 2.65 3.60 0.40 0.90 Indonesia 2.90 34.00 1.75 35.30 0.00 3.35 Nigeria 2.05 5.36 2.10 7.50 0.00 2.00 Philippines 3.10 12.60 3.90 16.10 0.00 3.50 Sel. Mideast 7/ 1.22 2.02 4.50 6.35 0.00 1.39 Selected Other Brazil 0.90 6.80 0.90 6.90 1.10 0.60 C. Amer & Carib 8/ 0.58 1.53 1.73 3.26 0.04 0.54 Egypt 0.61 3.60 0.45 4.00 0.01 0.66 Japan 1.95 7.48 0.69 8.20 0.12 1.80 Mexico 0.14 0.14 0.80 0.98 0.01 0.09 South Korea 1.33 3.76 0.42 4.00 0.06 1.46 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. June 2023 WASDE - 637 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ May 169.18 520.52 53.13 523.02 55.81 166.68 Jun 173.49 520.49 53.50 523.77 55.81 170.21 World Less China May 62.28 371.52 48.13 371.02 53.81 59.78 Jun 66.69 371.49 48.50 371.77 53.81 63.41 United States May 0.88 6.12 1.24 4.89 2.35 0.99 Jun 0.84 6.12 1.24 4.89 2.35 0.96 Total Foreign May 168.30 514.41 51.89 518.13 53.46 165.69 Jun 172.65 514.37 52.26 518.88 53.46 169.25 Major Exporters 4/ May 36.75 202.00 1.46 161.45 43.90 34.85 Jun 40.75 202.20 1.46 162.35 43.90 38.15 Burma May 0.58 12.50 0.00 10.30 2.20 0.59 Jun 0.58 12.50 0.00 10.30 2.20 0.59 India May 31.00 133.00 0.00 113.00 22.50 28.50 Jun 35.00 134.00 0.00 114.00 23.00 32.00 Pakistan May 0.76 9.00 0.01 3.75 4.50 1.51 Jun 0.86 9.00 0.01 3.75 4.50 1.61 Thailand May 2.55 20.50 0.15 12.80 8.00 2.40 Jun 2.55 19.70 0.15 12.70 7.50 2.20 Vietnam May 1.85 27.00 1.30 21.60 6.70 1.85 Jun 1.75 27.00 1.30 21.60 6.70 1.75 Major Importers 5/ May 120.34 242.99 21.20 262.40 2.46 119.67 Jun 120.44 242.99 21.40 262.55 2.46 119.82 China May 106.90 149.00 5.00 152.00 2.00 106.90 Jun 106.80 149.00 5.00 152.00 2.00 106.80 European Union 6/ May 0.90 1.46 2.65 3.75 0.40 0.86 Jun 0.90 1.46 2.65 3.75 0.40 0.86 Indonesia May 3.35 34.45 0.70 35.20 0.00 3.30 Jun 3.35 34.45 0.70 35.20 0.00 3.30 Nigeria May 2.00 5.23 2.20 7.60 0.00 1.83 Jun 2.00 5.23 2.20 7.60 0.00 1.83 Philippines May 3.40 12.60 3.60 16.30 0.00 3.30 Jun 3.50 12.60 3.80 16.50 0.00 3.40 Sel. Mideast 7/ May 1.29 2.12 4.50 6.70 0.00 1.21 Jun 1.39 2.12 4.50 6.65 0.00 1.36 Selected Other Brazil May 0.60 6.80 0.95 6.80 0.90 0.65 Jun 0.60 6.80 0.95 6.80 0.90 0.65 C. Amer & Carib 8/ May 0.54 1.53 1.74 3.24 0.03 0.54 Jun 0.54 1.53 1.74 3.24 0.03 0.54 Egypt May 0.66 3.78 0.40 4.10 0.01 0.73 Jun 0.66 3.78 0.40 4.10 0.01 0.73 Japan May 1.80 7.45 0.69 8.20 0.12 1.61 Jun 1.80 7.45 0.69 8.20 0.12 1.61 Mexico May 0.09 0.17 0.85 1.00 0.01 0.10 Jun 0.09 0.17 0.85 1.00 0.01 0.10 South Korea May 1.46 3.57 0.42 4.00 0.06 1.40 Jun 1.46 3.57 0.42 4.00 0.06 1.40 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. June 2023 WASDE - 637 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2021/22 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 86.22 115.78 42.62 115.90 43.00 -0.44 86.16 World Less China 48.42 88.98 34.78 82.15 42.88 -0.44 47.60 United States 3.15 17.52 0.01 2.55 14.62 -0.24 3.75 Total Foreign 83.07 98.26 42.62 113.35 28.38 -0.20 82.41 Major Exporters 4/ 32.81 55.57 1.60 34.19 24.12 -0.20 31.87 Central Asia 5/ 3.02 5.12 0.06 4.27 1.51 0.00 2.42 Afr. Fr. Zone 6/ 1.74 5.98 3/ 0.10 6.09 -0.01 1.54 S. Hemis. 7/ 15.73 19.66 0.19 4.36 12.42 -0.19 18.99 Australia 2.51 5.85 3/ 0.01 3.58 -0.19 4.96 Brazil 11.12 11.72 0.02 3.30 7.73 0.00 11.84 India 11.94 24.40 1.00 25.00 3.74 0.00 8.60 Major Importers 8/ 47.94 39.65 38.69 75.22 2.95 0.00 48.11 Mexico 0.44 1.22 0.96 1.85 0.40 0.00 0.37 China 37.79 26.80 7.84 33.75 0.12 0.00 38.56 European Union 9/ 0.37 1.67 0.64 0.62 1.77 0.00 0.30 Turkey 2.71 3.80 5.52 8.70 0.57 0.00 2.77 Pakistan 2.18 6.00 4.50 10.70 0.05 0.00 1.93 Indonesia 0.50 3/ 2.58 2.60 0.01 0.00 0.46 Thailand 0.13 3/ 0.75 0.74 0.00 0.00 0.15 Bangladesh 2.48 0.15 8.20 8.50 0.00 0.00 2.33 Vietnam 1.09 3/ 6.63 6.70 0.00 0.00 1.02 2022/23 Est. Beginning Stocks Productio n Imports Domestic Use Exports Loss /2 Ending Stocks World 86.16 116.32 37.13 109.09 37.78 -0.16 92.89 World Less China 47.60 85.62 30.63 72.59 37.66 -0.16 53.75 United States 3.75 14.47 0.01 2.00 13.00 0.02 3.20 Total Foreign 82.41 101.85 37.13 107.09 24.78 -0.18 89.69 Major Exporters 4/ 31.87 55.83 2.27 31.58 20.68 -0.19 37.90 Central Asia 5/ 2.42 5.73 0.04 3.83 1.19 0.00 3.18 Afr. Fr. Zone 6/ 1.54 4.02 3/ 0.10 4.02 0.00 1.43 S. Hemis. 7/ 18.99 20.53 0.15 4.21 13.81 -0.19 21.84 Australia 4.96 5.50 3/ 0.01 6.70 -0.19 3.94 Brazil 11.84 13.20 0.02 3.20 6.50 0.00 15.35 India 8.60 25.00 1.75 23.00 1.25 0.00 11.10 Major Importers 8/ 48.11 42.88 32.40 71.68 2.80 0.01 48.90 Mexico 0.37 1.58 0.90 1.80 0.40 0.00 0.65 China 38.56 30.70 6.50 36.50 0.13 0.00 39.14 European Union 9/ 0.30 1.64 0.55 0.56 1.47 0.00 0.46 Turkey 2.77 4.90 4.00 7.30 0.75 0.01 3.61 Pakistan 1.93 3.90 4.30 8.60 0.03 0.00 1.50 Indonesia 0.46 3/ 1.50 1.60 0.02 0.00 0.35 Thailand 0.15 3/ 0.73 0.73 0.00 0.00 0.15 Bangladesh 2.33 0.15 6.70 7.30 0.00 0.00 1.88 Vietnam 1.02 3/ 6.35 6.40 0.00 0.00 0.98 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. June 2023 WASDE - 637 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2023/24 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World May 92.63 115.69 42.84 116.23 42.85 -0.20 92.28 Jun 92.89 116.72 43.74 117.00 43.75 -0.20 92.79 World Less China May 53.19 88.19 33.84 78.73 42.75 -0.20 53.94 Jun 53.75 89.72 34.24 79.50 43.65 -0.20 54.75 United States May 3.50 15.50 0.01 2.20 13.50 0.01 3.30 Jun 3.20 16.50 0.01 2.20 14.00 0.01 3.50 filler filler filler filler filler filler filler Total Foreign May 89.13 100.19 42.83 114.03 29.35 -0.20 88.98 Jun 89.69 100.22 43.73 114.80 29.75 -0.20 89.29 Major Exporters 4/ May 37.09 57.86 2.12 33.70 25.35 -0.20 38.23 Jun 37.90 57.84 2.12 33.70 25.73 -0.20 38.63 Central Asia 5/ May 3.16 5.41 0.10 4.27 1.43 0.00 2.97 Jun 3.18 5.41 0.10 4.27 1.43 0.00 2.99 Afr. Fr. Zone 6/ May 1.75 5.34 3/ 0.10 5.37 0.00 1.62 Jun 1.43 5.32 3/ 0.10 5.20 0.00 1.45 S. Hemis. 7/ May 21.39 21.03 0.17 4.30 15.73 -0.20 22.76 Jun 21.84 21.03 0.17 4.30 16.28 -0.20 22.66 Australia May 4.14 5.80 3/ 0.01 6.00 -0.20 4.13 Jun 3.94 5.80 3/ 0.01 6.00 -0.20 3.93 filler filler filler filler filler filler filler Brazil May 14.75 13.25 0.02 3.30 8.70 0.00 16.02 Jun 15.35 13.25 0.02 3.30 9.25 0.00 16.07 India May 10.45 25.50 1.50 24.50 2.40 0.00 10.55 Jun 11.10 25.50 1.50 24.50 2.40 0.00 11.20 Major Importers 8/ May 49.15 39.23 38.36 76.34 2.55 0.00 47.86 Jun 48.90 39.33 39.21 77.09 2.57 0.00 47.78 Mexico May 0.62 1.28 0.95 1.90 0.40 0.00 0.55 Jun 0.65 1.28 1.00 1.95 0.40 0.00 0.57 China May 39.44 27.50 9.00 37.50 0.10 0.00 38.34 Jun 39.14 27.00 9.50 37.50 0.10 0.00 38.04 European Union 9/ May 0.46 1.49 0.57 0.62 1.50 0.00 0.40 Jun 0.46 1.49 0.57 0.62 1.50 0.00 0.40 Turkey May 3.63 3.50 4.30 7.90 0.50 0.00 3.03 Jun 3.61 3.50 4.40 8.00 0.50 0.00 3.01 Pakistan May 1.50 5.30 4.70 9.60 0.03 0.00 1.88 Jun 1.50 5.90 4.50 9.80 0.05 0.00 2.05 Indonesia May 0.35 3/ 2.20 2.20 0.01 0.00 0.35 Jun 0.35 3/ 2.30 2.30 0.01 0.00 0.35 Thailand May 0.15 3/ 0.74 0.74 0.00 0.00 0.15 Jun 0.15 3/ 0.74 0.74 0.00 0.00 0.15 Bangladesh May 1.88 0.16 8.00 8.00 0.00 0.00 2.04 Jun 1.88 0.16 8.10 8.10 0.00 0.00 2.04 Vietnam May 0.93 3/ 6.90 6.90 0.00 0.00 0.93 Jun 0.98 3/ 7.10 7.10 0.00 0.00 0.98 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. June 2023 WASDE - 637 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 100.06 359.91 156.59 314.23 363.82 154.02 98.73 World Less China 69.21 343.51 65.03 226.33 255.42 153.91 68.41 United States 6.99 121.53 0.43 59.98 62.77 58.72 7.47 Total Foreign 93.07 238.38 156.16 254.25 301.06 95.30 91.26 Major Exporters 3/ 55.39 181.82 4.43 91.83 102.47 87.26 51.91 Argentina 25.06 43.90 3.84 38.83 46.04 2.86 23.90 Brazil 29.58 130.50 0.54 50.71 53.96 79.06 27.60 Paraguay 0.48 4.18 0.04 2.20 2.25 2.27 0.18 Major Importers 4/ 34.24 20.29 123.79 116.74 144.66 0.42 33.23 China 30.86 16.40 91.57 87.90 108.40 0.10 30.32 European Union 1.56 2.83 14.55 15.40 16.97 0.29 1.68 Southeast Asia 5/ 1.19 0.53 8.26 4.45 9.27 0.02 0.69 Mexico 0.46 0.29 5.96 6.35 6.40 0.00 0.30 2022/23 Est. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 98.73 369.57 165.32 312.20 363.82 168.49 101.32 World Less China 68.41 349.29 67.32 221.20 251.12 168.39 65.53 United States 7.47 116.38 0.54 60.42 63.69 54.43 6.27 Total Foreign 91.26 253.20 164.78 251.79 300.13 114.05 95.05 Major Exporters 3/ 51.91 191.00 8.97 86.59 96.90 103.60 51.38 Argentina 23.90 25.00 8.70 30.00 36.25 3.80 17.55 Brazil 27.60 156.00 0.25 53.50 57.30 93.00 33.55 Paraguay 0.18 8.80 0.01 3.00 3.13 5.70 0.16 Major Importers 4/ 33.23 23.74 131.36 119.69 149.19 0.37 38.77 China 30.32 20.28 98.00 91.00 112.70 0.10 35.80 European Union 1.68 2.55 13.90 14.70 16.28 0.25 1.61 Southeast Asia 5/ 0.69 0.49 9.56 4.89 9.99 0.02 0.73 Mexico 0.30 0.18 6.40 6.50 6.55 0.00 0.33 2023/24 Proj. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ May 101.04 410.59 169.77 332.31 386.49 172.41 122.50 Jun 101.32 410.70 169.82 331.91 386.09 172.41 123.34 World Less China May 65.25 390.09 69.77 237.31 268.49 172.31 84.30 Jun 65.53 390.20 69.82 236.91 268.09 172.31 85.15 United States May 5.86 122.74 0.54 62.87 66.29 53.75 9.11 Jun 6.27 122.74 0.54 62.87 66.29 53.75 9.52 Total Foreign May 95.18 287.84 169.23 269.45 320.21 118.66 113.39 Jun 95.05 287.96 169.28 269.05 319.81 118.66 113.83 Major Exporters 3/ May 51.53 223.90 6.18 95.85 106.79 109.40 65.42 Jun 51.38 223.90 6.18 95.35 106.29 109.40 65.77 Argentina May 18.15 48.00 5.70 36.50 43.20 4.60 24.05 Jun 17.55 48.00 5.70 36.00 42.70 4.60 23.95 Brazil May 33.10 163.00 0.45 55.75 59.70 96.50 40.35 Jun 33.55 163.00 0.45 55.75 59.70 96.50 40.80 Paraguay May 0.16 10.00 0.02 3.50 3.65 5.90 0.63 Jun 0.16 10.00 0.02 3.50 3.65 5.90 0.63 Major Importers 4/ May 38.64 24.56 134.64 124.83 155.80 0.42 41.62 Jun 38.77 24.68 134.64 124.93 155.90 0.42 41.77 China May 35.80 20.50 100.00 95.00 118.00 0.10 38.20 Jun 35.80 20.50 100.00 95.00 118.00 0.10 38.20 European Union May 1.48 3.10 14.00 15.15 16.74 0.30 1.54 Jun 1.61 3.22 14.00 15.15 16.74 0.30 1.78 Southeast Asia 5/ May 0.73 0.47 10.64 5.48 10.73 0.02 1.10 Jun 0.73 0.47 10.64 5.58 10.83 0.02 1.00 Mexico May 0.33 0.24 6.55 6.60 6.66 0.00 0.46 Jun 0.33 0.24 6.55 6.60 6.66 0.00 0.46 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and impo rts. Therefore, world supply may not equal world use. 3/ Includes Uruguay 4/ Includes Japan 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. June 2023 WASDE - 637 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 15.17 246.53 66.93 244.20 68.75 15.68 World Less China 15.17 176.91 66.87 175.01 68.26 15.68 United States 0.31 47.01 0.59 35.35 12.27 0.28 Total Foreign 14.86 199.52 66.34 208.85 56.48 15.40 Major Exporters 3/ 6.54 76.39 0.79 29.15 47.74 6.84 Argentina 2.29 30.29 0.14 3.33 26.59 2.80 Brazil 4.06 39.31 0.01 19.55 20.21 3.62 India 0.19 6.80 0.65 6.27 0.94 0.42 Major Importers 4/ 2.39 22.60 38.56 60.10 1.12 2.34 European Union 0.54 12.17 16.70 28.04 0.77 0.60 Mexico 0.20 5.02 1.83 6.88 0.02 0.15 Southeast Asia 5/ 1.60 3.47 18.33 21.54 0.33 1.53 China 0.00 69.62 0.06 69.19 0.48 0.00 2022/23 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 15.68 245.36 62.36 245.75 65.55 12.11 World Less China 15.68 173.29 62.31 173.82 65.35 12.11 United States 0.28 47.69 0.61 35.56 12.70 0.32 Total Foreign 15.40 197.68 61.75 210.18 52.85 11.79 Major Exporters 3/ 6.84 72.86 0.07 29.93 44.45 5.39 Argentina 2.80 23.40 0.00 3.35 21.10 1.75 Brazil 3.62 41.46 0.02 20.00 21.65 3.45 India 0.42 8.00 0.05 6.58 1.70 0.19 Major Importers 4/ 2.34 22.51 37.08 59.12 1.01 1.79 European Union 0.60 11.61 16.00 27.04 0.70 0.47 Mexico 0.15 5.14 1.85 6.95 0.01 0.18 Southeast Asia 5/ 1.53 3.80 17.60 21.54 0.30 1.09 China 0.00 72.07 0.05 71.92 0.20 0.00 2023/24 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ May 12.27 260.85 66.87 255.47 69.98 14.54 Jun 12.11 260.54 66.42 255.14 69.53 14.40 World Less China May 12.27 185.61 66.82 180.68 69.48 14.54 Jun 12.11 185.30 66.37 180.35 69.03 14.40 United States May 0.32 49.33 0.59 36.45 13.43 0.36 Jun 0.32 49.33 0.59 36.45 13.43 0.36 Total Foreign May 11.95 211.52 66.28 219.02 56.55 14.18 Jun 11.79 211.21 65.83 218.69 56.10 14.04 Major Exporters 3/ May 5.52 79.52 0.12 31.30 47.20 6.66 Jun 5.39 79.13 0.12 31.30 46.90 6.43 Argentina May 1.82 28.47 0.01 3.45 24.70 2.15 Jun 1.75 28.08 0.01 3.45 24.30 2.09 Brazil May 3.50 43.21 0.01 20.70 21.70 4.32 Jun 3.45 43.21 0.01 20.70 21.80 4.16 India May 0.20 7.84 0.10 7.15 0.80 0.19 Jun 0.19 7.84 0.10 7.15 0.80 0.18 Major Importers 4/ May 1.85 23.42 38.00 60.05 1.20 2.02 Jun 1.79 23.49 37.68 60.05 1.05 1.86 European Union May 0.43 11.97 15.85 26.89 0.85 0.51 Jun 0.47 11.97 15.75 26.99 0.70 0.49 Mexico May 0.18 5.22 1.95 7.10 0.02 0.23 Jun 0.18 5.22 1.95 7.10 0.02 0.23 Southeast Asia 5/ May 1.19 4.27 18.55 22.46 0.33 1.23 Jun 1.09 4.35 18.33 22.36 0.33 1.08 China May 0.00 75.24 0.05 74.79 0.50 0.00 Jun 0.00 75.24 0.05 74.79 0.50 0.00 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ Includes Japan. 5/ Indonesia, Malaysi a, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. June 2023 WASDE - 637 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 5.37 59.22 11.54 59.21 12.24 4.69 World Less China 4.34 43.47 11.25 42.51 12.13 4.42 United States 0.97 11.86 0.14 11.26 0.80 0.90 Total Foreign 4.40 47.36 11.41 47.95 11.44 3.78 Major Exporters 3/ 1.25 20.77 0.59 12.49 8.62 1.49 Argentina 0.30 7.66 0.09 2.66 4.87 0.52 Brazil 0.47 9.76 0.03 7.45 2.41 0.41 European Union 0.44 2.93 0.46 2.31 0.97 0.55 Major Importers 4/ 1.68 18.90 6.64 26.16 0.28 0.78 China 1.03 15.75 0.29 16.70 0.11 0.26 India 0.27 1.53 4.23 5.83 0.02 0.19 North Africa 5/ 0.36 1.19 1.42 2.53 0.14 0.31 2022/23 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 4.69 58.70 9.75 57.98 10.62 4.53 World Less China 4.42 42.39 9.30 41.68 10.53 3.90 United States 0.90 11.88 0.15 11.85 0.20 0.88 Total Foreign 3.78 46.82 9.60 46.13 10.41 3.65 Major Exporters 3/ 1.49 19.60 0.53 12.66 7.63 1.33 Argentina 0.52 5.93 0.00 2.30 3.75 0.41 Brazil 0.41 10.30 0.08 7.98 2.40 0.41 European Union 0.55 2.79 0.45 2.33 0.98 0.49 Major Importers 4/ 0.78 19.38 5.53 24.47 0.16 1.07 China 0.26 16.31 0.45 16.30 0.09 0.63 India 0.19 1.80 3.15 4.94 0.02 0.18 North Africa 5/ 0.31 0.88 1.28 2.22 0.05 0.20 2023/24 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ May 4.56 62.47 10.87 60.84 11.78 5.28 Jun 4.53 62.36 10.80 60.80 11.68 5.21 World Less China May 3.93 45.45 10.37 43.74 11.68 4.33 Jun 3.90 45.33 10.30 43.70 11.58 4.26 United States May 0.88 12.31 0.16 12.25 0.27 0.83 Jun 0.88 12.31 0.16 12.25 0.27 0.83 Total Foreign May 3.68 50.16 10.71 48.59 11.51 4.45 Jun 3.65 50.04 10.65 48.56 11.41 4.38 Major Exporters 3/ May 1.33 21.52 0.38 13.36 8.49 1.38 Jun 1.33 21.39 0.43 13.41 8.39 1.34 Argentina May 0.40 7.21 0.00 2.55 4.60 0.46 Jun 0.41 7.11 0.00 2.55 4.50 0.47 Brazil May 0.46 10.73 0.03 8.53 2.20 0.49 Jun 0.41 10.73 0.03 8.53 2.20 0.44 European Union May 0.44 2.92 0.35 2.22 1.10 0.40 Jun 0.49 2.88 0.40 2.27 1.10 0.41 Major Importers 4/ May 1.01 20.27 6.06 25.67 0.20 1.47 Jun 1.07 20.27 5.99 25.65 0.20 1.48 China May 0.63 17.02 0.50 17.10 0.10 0.95 Jun 0.63 17.02 0.50 17.10 0.10 0.95 India May 0.17 1.73 3.20 4.94 0.02 0.15 Jun 0.18 1.73 3.20 4.94 0.02 0.16 North Africa 5/ May 0.20 1.05 1.56 2.47 0.07 0.26 Jun 0.20 1.05 1.49 2.40 0.07 0.26 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Includes Paraguay 4/ Includes Bangladesh 5/ Algeria, Egypt, Morocco, a nd Tunisia. Totals may not add due to rounding. June 2023 WASDE - 637 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2022 II 7,072 6,639 13,758 11,279 1,275 12,697 26,455 2,218 57.8 III 7,144 6,534 13,723 11,896 1,264 13,312 27,035 2,259 56.4 IV 7,052 6,919 14,017 11,861 1,310 13,310 27,327 2,277 55.9 Annual 28,291 26,996 55,471 46,206 5,222 51,997 107,469 9,074 226.5 2023 I 6,821 7,071 13,937 11,549 1,348 13,039 26,976 2,209 56.9 II* 6,725 6,635 13,405 11,300 1,325 12,770 26,175 2,285 58.2 III* 6,820 6,605 13,470 12,150 1,300 13,595 27,065 2,355 56.9 IV* 6,720 7,065 13,831 11,900 1,410 13,440 27,271 2,430 56.4 Annual May Proj. 26,921 27,381 54,482 47,048 5,404 53,009 107,491 9,278 228.6 Jun Proj. 27,086 27,376 54,642 46,899 5,383 52,844 107,486 9,279 228.4 2024 I* 6,250 6,930 13,224 11,760 1,390 13,290 26,514 2,355 57.7 Annual May Proj. 24,745 27,350 52,275 47,820 5,640 54,015 106,290 9,615 230.8 Jun Proj. 24,795 27,350 52,325 47,820 5,640 54,015 106,340 9,615 230.8 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2022 II 141.93 75.58 167.5 143.9 251.6 26.97 III 143.42 80.20 136.1 165.4 295.6 24.57 IV 152.99 63.49 123.5 177.5 411.7 25.17 Annual 144.40 71.21 140.5 154.5 282.4 25.34 2023 I 160.90 54.83 124.5 170.8 315.9 21.93 II* 179.00 57.00 142.0 160.0 135.0 19.75 III* 173.00 60.00 127.0 168.0 130.0 18.20 IV* 174.00 55.00 127.0 173.0 145.0 20.00 Annual May Proj. 166.5 56.5 131.6 171.5 187.7 20.50 Jun Proj. 171.7 56.7 130.1 168.0 181.5 19.95 2024 I* 182.00 60.00 127.0 165.0 155.0 20.00 Annual May Proj. 172 62 129 167 144 19.90 Jun Proj. 180 62 129 167 144 19.65 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices re ceived by farmers for all milk. June 2023 WASDE - 637 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2022 676 28,359 3,391 32,426 3,536 723 28,166 59.1 2023 Proj. May 723 26,989 3,501 31,213 3,224 670 27,319 57.0 Jun 723 27,154 3,501 31,378 3,224 650 27,504 57.4 2024 Proj. May 670 24,813 3,560 29,043 2,950 650 25,443 52.8 Jun 650 24,863 3,560 29,073 2,950 640 25,483 52.9 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2022 446 27,011 1,344 28,800 6,338 504 21,958 51.1 2023 Proj. May 504 27,396 1,069 28,969 6,503 545 21,921 50.7 Jun 504 27,391 1,069 28,964 6,803 545 21,616 50.0 2024 Proj. May 545 27,365 1,155 29,065 6,320 575 22,170 51.0 Jun 545 27,365 1,155 29,065 6,820 575 21,670 49.9 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2022 1,147 55,564 5,093 61,804 9,880 1,256 50,669 111.6 2023 Proj. May 1,256 54,575 4,909 60,740 9,733 1,247 49,760 109.1 Jun 1,256 54,736 4,909 60,900 10,033 1,227 49,640 108.8 2024 Proj. May 1,247 52,368 5,085 58,699 9,276 1,252 48,172 105.3 Jun 1,227 52,418 5,085 58,729 9,776 1,242 47,712 104.2 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2022 705 45,711 176 46,593 7,278 892 38,423 98.9 2023 Proj. May 892 46,545 68 47,505 7,383 880 39,242 100.5 Jun 892 46,397 70 47,360 7,383 880 39,097 100.1 2024 Proj. May 880 47,308 40 48,228 7,570 900 39,758 101.2 Jun 880 47,308 40 48,228 7,570 900 39,758 101.2 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2022 166 5,222 85 5,473 408 190 4,876 14.6 2023 Proj. May 190 5,404 42 5,636 370 200 5,066 15.1 Jun 190 5,383 42 5,615 385 200 5,030 15.0 2024 Proj. May 200 5,640 32 5,872 390 200 5,282 15.7 Jun 200 5,640 32 5,872 390 200 5,282 15.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2022 874 51,502 268 52,645 7,715 1,087 43,843 115.2 2023 Proj. May 1,087 52,505 115 53,708 7,768 1,085 44,854 117.3 Jun 1,087 52,342 117 53,546 7,783 1,085 44,678 116.8 2024 Proj. May 1,085 53,503 78 54,666 7,976 1,105 45,585 118.5 Jun 1,085 53,503 78 54,666 7,976 1,105 45,585 118.5 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2022 2,021 107,067 5,362 114,449 17,595 2,343 94,512 226.8 2023 Proj. May 2,343 107,081 5,024 114,447 17,502 2,332 94,614 226.4 Jun 2,343 107,077 5,026 114,446 17,817 2,312 94,318 225.6 2024 Proj. May 2,332 105,871 5,163 113,365 17,252 2,357 93,757 223.8 Jun 2,312 105,921 5,163 113,395 17,752 2,347 93,297 222.7 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready -to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. June 2023 WASDE - 637 - 33 U.S. Egg Supply and Use Commodity 2021 2022 2023 Proj. 2023 Proj. 2024 Proj. 2024 Proj. May Jun May Jun Eggs Million Dozen Supply Beginning Stocks 24.5 19.1 18.8 18.8 20.0 20.0 Production 9,297.9 9,073.8 9,277.5 9,279.1 9,615.0 9,615.0 Imports 18.2 25.9 22.9 23.1 18.0 18.0 Total Supply 9,340.6 9,118.8 9,319.1 9,320.9 9,653.0 9,653.0 Use Exports 392.2 226.5 205.3 207.7 245.0 245.0 Hatching Use 1,103.9 1,116.4 1,126.2 1,126.4 1,145.0 1,145.0 Ending Stocks 19.1 18.8 20.0 20.0 20.0 20.0 Disappearance Total 7,825.4 7,757.2 7,967.6 7,966.9 8,243.0 8,243.0 Per Capita (number) 282.5 279.0 285.1 285.1 293.2 293.2 Total U.S. Milk Supply and Use Commodity 2021 2022 2023 Proj. 2023 Proj. 2024 Proj. 2024 Proj. May Jun May Jun Milk Billion Pounds Production 226.3 226.5 228.6 228.4 230.8 230.8 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beginning Stocks 15.6 14.3 14.4 14.4 14.6 14.6 Marketings 225.3 225.5 227.6 227.4 229.8 229.8 Imports 6.5 7.1 7.7 7.8 7.7 7.7 Total Supply 247.4 246.9 249.8 249.7 252.1 252.0 Fat Basis Use Exports 11.5 13.4 12.1 11.9 12.8 12.8 Ending Stocks 14.3 14.4 14.6 14.6 14.6 14.6 Domestic Use 221.5 219.1 223.1 223.2 224.7 224.7 Skim -solid Basis Supply Beginning Stocks 10.9 11.1 11.7 11.7 12.1 12.1 Marketings 225.3 225.5 227.6 227.4 229.8 229.8 Imports 5.8 6.7 6.8 6.7 7.0 7.0 Total Supply 241.9 243.3 246.1 245.8 248.9 248.8 Skim -solid Basis Use Exports 50.8 52.5 51.3 51.1 53.9 53.8 Ending Stocks 11.1 11.7 12.1 12.1 12.1 12.1 Domestic Use 180.1 179.1 182.8 182.7 182.9 182.9 Total Dairy domestic use for 2020 includes additional milk marketed but not processed. Note: Totals may not add due to rounding. June 2023 WASDE - 637 - 34 U.S. Dairy Prices Commodity 2021 2022 2023 Proj. 2023 Proj. 2024 Proj. 2024 Proj. May Jun May Jun Product Prices 1/ Dollars Per Pound Cheese 1.6755 2.1122 1.825 1.730 1.820 1.775 Butter 1.7325 2.8665 2.430 2.435 2.335 2.335 Nonfat Dry Milk 1.2693 1.6851 1.185 1.190 1.120 1.130 Dry Whey 0.5744 0.6057 0.395 0.370 0.370 0.360 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 17.08 21.96 17.75 16.70 17.50 17.00 Class IV 16.09 24.47 18.30 18.35 17.35 17.45 All Milk 3/ 18.53 25.34 20.50 19.95 19.90 19.65 All prices are January -December averages. 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation. June 2023 WASDE - 637 - 35 Reliability of June Projections 1/ Note: Tables on pages 35 -37 present a record of the June projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 3 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 5 percent. The av erage difference between the June projection and the final estimate is 16 million tons, ranging from 0.4 million to 32.2 million tons. The June projection has been below the estimate 26 times and above 16 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 3.0 5.0 16.0 0.4 32.2 26 16 U.S. 6.1 10.3 2.7 0.0 8.4 23 19 Foreign 3.1 5.3 14.9 1.1 31.9 25 16 Exports World 6.0 10.1 6.4 0.0 19.2 28 13 U.S. 11.8 19.8 2.8 0.0 10.2 23 18 Foreign 6.5 10.9 5.7 0.6 19.8 30 11 Domestic Use World 2.2 3.7 10.5 0.3 27.7 25 17 U.S. 6.9 11.7 1.7 0.0 6.4 18 24 Foreign 2.2 3.7 10.4 0.6 28.6 27 14 Ending Stocks World 10.0 16.9 12.5 0.6 40.5 26 16 U.S. 18.2 30.7 3.3 0.1 14.9 23 19 Foreign 10.2 17.2 10.5 0.2 36.1 26 15 COARSE GRAINS 2/ Production World 3.6 6.0 27.1 0.6 103.3 23 19 U.S. 13.3 22.4 20.0 0.5 103.8 22 20 Foreign 2.7 4.6 14.6 0.4 45.6 21 20 Exports World 7.5 12.7 7.8 0.3 24.0 29 13 U.S. 28.9 48.6 8.6 0.1 30.8 18 24 Foreign 13.3 22.3 6.9 0.5 19.2 27 14 Domestic Use World 1.9 3.2 14.8 0.3 66.7 19 23 U.S. 5.5 9.2 7.6 0.1 37.0 25 17 Foreign 2.0 3.4 12.1 0.1 38.2 20 21 Ending Stocks World 20.4 34.4 26.1 1.7 170.1 28 14 U.S. 54.0 90.9 16.1 0.1 57.6 24 18 Foreign 17.0 28.7 15.7 0.1 155.2 30 11 RICE, milled Production World 2.3 3.9 7.0 0.3 21.8 27 15 U.S. 7.5 12.6 0.4 0.0 1.1 22 20 Foreign 2.4 4.0 6.9 0.4 21.9 26 15 Exports World 9.5 16.0 1.9 0.1 7.5 30 12 U.S. 12.3 20.6 0.3 0.0 1.0 19 20 Foreign 10.4 17.5 1.9 0.1 7.1 30 11 Domestic Use World 1.8 3.1 4.9 0.0 20.3 27 15 U.S. 8.5 14.3 0.2 0.0 0.6 18 23 Foreign 1.9 3.1 4.8 0.0 20.8 28 13 Ending Stocks World 14.3 24.0 7.9 0.2 26.7 29 13 U.S. 32.4 54.6 0.3 0.0 0.9 21 19 Foreign 15.4 26.0 8.1 0.4 26.4 29 12 1/ Footnotes at end of table. CONTINUED June 2023 WASDE - 637 - 36 Reliability of June Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World NA NA 13.2 0.1 36.2 7 12 U.S. 9.0 15.1 4.9 0.0 16.2 22 20 Foreign NA NA 10.0 0.2 37.0 6 12 Exports World NA NA 6.0 0.5 17.3 10 9 U.S. 15.2 25.7 3.5 0.3 14.0 23 19 Foreign NA NA 5.0 0.4 19.1 12 6 Domestic Use World NA NA 7.8 0.3 17.9 7 12 U.S. 6.0 10.1 1.9 0.1 7.2 25 17 Foreign NA NA 7.2 0.4 17.5 7 11 Ending Stocks World NA NA 8.1 0.1 26.2 9 10 U.S. 66.4 111.8 3.4 0.4 16.6 14 28 Foreign NA NA 6.3 0.3 19.1 10 8 COTTON Million 480 -Pound Bales Production World 5.9 9.9 4.1 0.0 16.4 22 19 U.S. 11.5 19.3 1.6 0.1 5.7 20 22 Foreign 5.9 9.9 3.2 0.2 12.4 22 19 Exports World 10.8 18.2 2.5 0.1 12.4 23 19 U.S. 28.4 47.9 1.4 0.1 4.0 24 18 Foreign 13.6 22.9 1.9 0.1 9.9 21 20 Domestic Use World 5.5 9.3 3.7 0.1 20.3 17 25 U.S. 10.4 17.4 0.5 0.0 1.4 18 23 Foreign 5.7 9.5 3.6 0.0 19.9 20 21 Ending Stocks World 16.9 28.4 6.8 0.5 19.9 27 15 U.S. 45.2 76.0 1.5 0.1 4.7 21 21 Foreign 16.1 27.2 5.8 0.3 19.2 28 13 1/ Marketing years 1981/82 through 2022/23 for grains, soybeans (U.S. only), and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2021/22, and for 2022/23 the last mon th’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. June 2023 WASDE - 637 - 37 Reliability of United States June Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 15.7 26.4 779 8 4,010 21 21 Exports 30.1 50.7 313 38 1,150 20 22 Domestic Use 12.9 21.6 433 0 5,888 24 17 Ending Stocks 63.4 106.8 586 17 2,091 24 18 SORGHUM Production 25.0 42.0 85 0 228 21 20 Exports 52.4 88.3 53 0 195 19 22 Domestic Use 28.1 47.3 54 0 140 19 22 Ending Stocks 65.4 110.2 43 0 191 16 25 BARLEY Production 14.8 25.0 26 1 206 16 26 Exports 77.0 129.7 13 0 92 21 17 Domestic Use 11.6 19.5 28 0 95 19 22 Ending Stocks 23.0 38.8 22 1 79 18 24 OATS Production 23.8 40.0 28 1 231 8 34 Exports 106.9 180.1 1 0 8 12 12 Domestic Use 10.9 18.4 19 0 160 13 27 Ending Stocks 29.5 49.6 16 0 77 12 28 SOYBEAN MEAL Thousand Short Tons Production 5.4 9.2 1,269 57 4,919 26 16 Exports 16.9 28.5 959 50 2,650 26 16 Domestic Use 4.5 7.6 862 24 4,650 23 19 Ending Stocks 43.4 73.2 54 0 488 13 17 SOYBEAN OIL Million Pounds Production 5.2 8.7 636 18 2,330 30 12 Exports 45.7 76.9 448 0 1,700 24 17 Domestic Use 4.1 7.0 476 0 2,100 25 16 Ending Stocks 36.3 61.2 443 0 1,432 22 19 ANIMAL PROD. Million Pounds Beef 3.9 6.6 753 41 2,727 21 8 Pork 3.3 5.5 520 14 1,722 17 12 Broilers 2.3 3.9 637 55 1,465 13 16 Turkeys 4.0 6.8 171 2 478 12 17 Million Dozen Eggs 1.8 3.1 116 2 473 19 10 Billion Pounds Milk 1.6 2.7 2.4 0.2 7.0 14 15 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2022/23 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2022/23. Calendar years 1994 through 2022 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1994 -2022. WASDE- 637-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a c omprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. IPAD is located at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ Click to receive WASDE -related notifications b y email Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at [email protected] World Agricultural Supply and Demand Estimates WASDE -637 – June 9, 2023 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202 -720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720- 5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 612 Approved by the World Agricultural Outlook Board May 12, 2021 WHEAT: The initial outlook for 2021/22 U.S. wheat is for smaller supplies, higher domestic use, lower exports, and reduced stocks. Supplies are projected down 3 percent from 2020/21 on lower carry -in stocks offsetting higher production and imports. All wheat production is projected at 1,872 million bushels, up 3 percent from last year on higher harvested acreage and yields. The all wheat yield is projected at 50.0 bushels per acre, up 0.3 bushels. The first 2021 NASS survey -based winter wheat production forecast of 1,283 million bushels is up 10 percent from 2020, on increased Hard Red Winter and Soft Red Winter production more than offsetting lower White Winter production. Total 2021/22 domestic use is projected 6 percent higher on higher feed and residual and food use. A reduced wheat -corn price spread is expected to raise wheat feeding in the June- August quarter with annual feed and residual use projected at 170 million bushels, the highest since 2013/14. Food use is projected modestly higher at 963 million bushels, up 3 million from a revised 2020/21 estimate of 960 million. Exports are projected at 900 million bushels, down 65 million from the revised 2020/21 exports. Several major exporters are projected to have larger supplies in 2021/22 and relatively high U.S. prices are expected to reduce U.S. competitiveness. Projected 2021/22 ending stocks are 11 percent lower than last year at 774 million bushels, the lowest level in seven years. The projected 2021/22 season- average farm price is $6.50 per bushel, up $1.45 from last year’s revised price on reduced stocks and significantly higher U.S. corn prices . The initial global wheat outlook for 2021/22 is for larger supplies, higher consumption, increased trade, and marginally higher stocks. Supplies are projected to increase 8.1 million tons to 1,083.7 million with production projected at a record 789.0 million tons. Higher production for Argentina, the EU, UK, Morocco, Ukraine, and the United States is expected to more than offset reductions for Austr alia and Canada. Russia’s production of 85.0 million tons is similar to last year’s record on increased winter wheat area. Projected 2021/22 world consumption is raised 7.8 million tons to a record 788.7 million, primarily on higher food, seed, and industrial (FSI) use, continuing a long- term uptrend. Wheat feed and residual use is projected up relatively less than FSI as increases in the EU, UK, Russia, and the United States are partially offset by decreased feed use for China, Canada, and Australia. Projected 2021/22 global trade is a record 202.4 million tons, up 2.8 million from last year on increased exportable supplies. Imports are projected to rise, primarily on increased demand from Algeria, Indonesia, the EU, and Middle East region. China’s imports are projected slightly lower at 10.0 million tons but remain large with stocks continuing to decline despite higher production. Imports are also projected lower for Pakistan and Morocco on increased supplies. Russia is projected as the leading 2021/22 wheat exporter at 40.0 million tons. Argentina, the EU, and Ukraine exports are also projected higher while Australia, Canada, and the United States are lower. Projected 2021/22 world ending stocks are modestly higher at 295.0 million tons with China accounting for 48 percent of the total. COARSE GRAINS: The U.S. feed- grain outlook for 2021/22 is for greater production and domestic use, lower exports, and increased ending stocks. The corn crop is projected at 15.0 billion bushels, up from last year on higher area and a return to trend yield. The yield projection of 179.5 bushels per acre is based on a weather -adjusted trend assuming normal planting progress and summer growing season weather, estimated using the 1988- 2020 time period. With beginning stocks that are down sharply from a year ago, total corn supplies are forecast to increase modestly to 16.3 billion bushels. WASDE-612-2 Total U.S. corn use in 2021/22 is forecast to decline relative to a year ago as greater domestic use is more than offset by lower exports. Food, seed, and industrial (FSI) use is projected to rise 220 million bushels to 6.6 billion. Corn used for ethanol is projected to increase based on expectations of higher U.S. motor gasoline consumption. Sorghum FSI is unchanged from a year ago as expectations of robust sorghum exports to China limit available domestic supplies. Corn feed and residual use is unchanged, as a larger crop is offset by increased corn used for ethanol and higher expected season- average farm prices received by producers. U.S. corn exports are forecast to decline 325 million bushels in 2021/22. Unfavorable production prospects are forecast to limit exports out of Argentina and Brazil during 2020/21 (local marketing years beginning March 2021 and ending February 2022), supporting U.S. exports during the first half of 2021/22. However, a 335 -million -bushel increase in the combined corn exports for Ukraine and Russia in 2021/22 is expected to increase competition for the United States, reducing the forecast U.S. share of global corn trade from a year ago. With total U.S. corn supply rising and use declining, 2021/22 U.S. ending stocks are up 250 million bushels from last year. Stocks relative to use at 10.2 percent would be above a year ago but still below the average seen during 2016/17 to 2019/20. The season -average corn price received by producers in 2021/22 is projected at $5.70 per bushel, up $1.35 from a year ago when much of the crop was marketed at lower prices. The global coarse grain outlook for 2021/22 is for record production and use, and larger ending stocks. World corn production is forecast record high, with the largest increases for the United States, Brazil, China, Ukraine, and Argentina. Global corn use is expected to grow 3 percent, with foreign consumption up 3 percent. Global corn imports are projected to increase 3 percent. Notable increases in corn imports include the EU, Turkey, Iran, Japan, and Mexico. Global cor n ending stocks are up 3 percent from a year ago, with expected increases for the United States and foreign countries. Excluding China, corn ending stocks are up 10 percent relative to a year ago. For China, total coarse grain imports are forecast at 46.3 million tons, up 3.1 million from 2020/21 and if realized would be record high. Expectations are for continued relatively high corn and other energy feedstuff prices in China, despite an increase in corn production. Among the individual coarse grains, corn imports are forecast at 26.0 million tons, barley at 10.0 million, and sorghum at 10.0 million. RICE : The initial 2021/22 outlook for U.S. rice is for reduced supplies, exports, domestic use, and ending stocks. Total 2021/22 supplies are projected at 285.0 million cwt, down 2 percent from last year on lower production more than offsetting higher imports and significantly greater beginning stocks. All rice production is projected at 203.6 million cwt, down 11 percent from the previous year on reduced harvested area. The 2021/22 projected all rice yield is 7,651 pounds per acre, up 32 pounds from last year. Total 2021/22 imports are a record 38.5 million cwt with increases in bot h long- grain and medium - and short -grain. Total 2021/22 U.S. use is projected at 244.0 million cwt, down 2 percent from last year with both domestic and residual use and exports lower. Total domestic and residual use is projected slightly lower at 156.0 million cwt with reduced supplies but still is the second largest on record. Total exports are projected at 88.0 million cwt on reduced supplies, higher U.S. prices, and increased export competition. All rice 2021/22 ending stocks are projected at 41.0 million cwt, down 4 percent from last year. The 2021/22 all rice season -average farm price (SAFP) is projected at $14.20 per cwt, up $0.30 from the 2020/21 revised SAFP. World production for 2021/22 is projected at 505.4 million tons, a record, and up slightly from last year’s record. The largest production increases are expected from China, Thailand, and Bangladesh more than offsetting declines in India and the United States. Global 2021/22 rice consumption is projected at a record 513.3 million tons, up nearly 8.0 million from the previous year with most of this WASDE-612-3 increase due to China with more rice expected for feed use. Global exports for 2021/22 are projected at 46.5 million tons, slightly greater than last year as higher exports from Thailand, Paraguay, Burma, Cambodia, and Pakistan more than offset reductions for India, Vietnam, and the United States. Projected 2021/22 world ending stocks are 168.0 million tons, down 7.9 million from last year with China and India accounting for most of this reduction. OILSEEDS : The 2021/22 outlook for U.S. soybeans is for lower supplies, lower exports, higher crush, and higher ending stocks compared with 2020/21. The soybean crop is projected at 4.4 billion bushels, up 270 million from last year on increased harvested area and trend yields. With lower beginning stocks, soybean supplies are projected down 3 percent from 2020/21. Total U.S. oilseed production for 2021/22 is forecast at 130.3 million tons, up 7.9 million from 2020/21. U.S. soybean crush for 2021/22 is projected at 2.2 billion bushels, up 35 million from the 2020/21 forecast, reflecting favorable crush margins. Soybean oil is expected to hold a higher share of the crush value as prices are buoyed by increased use of soybean oil as a feedstock in an expanding renewable diesel industry. The soybean oil balance sheet line entitled “Biodiesel” is replaced by “Biofuel” this month. The biofuel line includes soybean oil used for both biodiesel and renewable fuels as reported in the U.S. Energy I nformation Administration’s Monthly Biofuels Capacity and Feedstocks Update, which replaced the Monthly Biodiesel Production Report . Prior year estimates for renewable fuel are based on data from the U.S. Environmental Protection Agency, the California Air Resource Board, and capacity information from industry. U.S. soybean exports are forecast at 2.1 billion bushels, down 205 million from 2020/21. With lower soybean supplies and higher crush, the U.S. export share of global soybean trade is expected to decline to 33 percent from 36 percent in 2020/21. U.S. soybean ending stocks for 2021/22 are projected at 140 million bushels, up 20 million from the 2020/21 forecast. With prices for fall delivery above $14.00 per bushel in some locations, the 2021/22 U.S. season -average soybean price is projected at $13.85 per bushel, up $2.60 from 2020/21. Soybean meal prices are forecast at $400 per short ton, down $5.00 from the revised forecast for 2020/21. Soybean oil prices are forecast at 65.0 cents per pound, up 10 cents from the revised 2020/21 forecast. Global oilseed supplies for 2021/22 are projected to increase 3 percent from 2020/21 to 732.4 million tons, with higher prices incentivizing an expansion of oilseed area and higher sunflowerseed product ion after the prior season’s yield -related declines. Global soybean production is forecast up 22.6 million tons to 385.5 million. Brazil’s crop is forecast at a record 144.0 million tons while Argentina’s crop rises 5.0 million tons to 52 million. Global production of high -oil content seeds (sunflowerseed and rapeseed) is projected up 6 percent from 2020/21 on a recovery of sunflowerseed production for Ukraine, Russia, and the EU and increased canola for Canada. Global soybean exports are expected to increase 1 percent to 172.9 million tons. The U.S. share of global exports is forecast to decline while Brazil’s share increases from 50 percent in 2020/21 to 54 percent in 2021/22. China’s imports are forecast to increase 3 million tons to 103 million. Global soybean ending stocks are projected at 91.1 million tons, up 4.6 million, with most of the increase in China and Brazil. Global vegetable oil consumpti on for 2021/22 is projected at 213.2 million tons, up 3.0 percent, led by increases for China and the United States. Global vegetable oil ending stocks are projected at 22.4 million tons, down 3 percent from 2020/21 and the lowest in 11 years. SUGAR: U.S. sugarbeet production for 2021/22 is projected at 35.140 million tons with yield forecast at 30.71 tons/acre and area harvested projected at 1.144 million acres. National yield is projected on analysis of historical regional trends and also reflects excellent planting progress through early May. Assuming average levels of beet pile shrink and slicing recovery, beet sugar production is projected at 5.225 million short tons, raw value (STRV). Cane sugar production for 2021/22 is projected at 4.085 million STRV. Production levels in Florida and Texas are expected to be close to 2020/21 levels and production in Louisiana is down from the 2020/21 record but still strong at 1.850 million WASDE-612-4 STRV. Florida cane sugar for 2020/21 is down 70,000 STRV to 2.100 million on lower sugar yields estimated by processors. TRQ imports for 2021/22 are projected at 1.387 million STRV with levels set at minimum levels consistent with the WTO and FTA bindings and with a TRQ shortfall projected at 99,208. High -tier tariff imports for 2021/22 are projected at 50,000 STRV. Imports from Mexico for 2021/22 are projected at 964,775 STRV. For 2020/21, imports from Mexico are up by 50,000 STRV to reflect the recent increase in the “Other Sugars” Export Limit . The raw sugar TRQ shortfall is increased to 146,854 STRV. Deliveries for 2021/22 are projected at 12.320 million STRV, flat with levels estimated for 2020/21. Ending stocks for 2021/22 are residually projected at 1.502 million STRV, implying a stocks -to-use ratio of 12.25 percent. Mexico production for 2021/22 is projected at 5.809 million metric tons (MT). Below average yields are projected due to poor soil conditions from ongoing drought and low area replacement turnover. Production for 2020/21 is reduced by 75,000 MT to 5.825 million on a combination of lower area and reduced sugar yields. Deliveries of sugar and high fructose corn syrup are projected to decline in both 2020/21 and 2021/22 due to government actions to curb consumption of high -calorie foods, weakness in the economy, and high inflation. Ending stocks for both 2020/21 and 2021/22 are set equal to 2.5 months of forecast domestic sugar deliveries before the start of the succeeding sugarcane harvest. Total exports are residually projected but exports to the United States are projected at the expected level of U.S. Needs, which provisionally assumes a level for the 2021/22 U.S. additional specialty TRQ at the same level as 2020/21; that is, 140,000 MT, raw value. LIVESTOCK, POULTRY, AND DAIRY : Total U.S. red meat and poultry production for 2022 is forecast above 2021 as higher pork and poultry production more than offset lower beef production. Beef production is forecast lower on smaller year -over-year slaughter levels. Pork production is forecast to increase primarily on growth in farrowings and pigs per litter. Broiler production is forecast above 2021 as producers respond to higher prices this year and into 2022, but growth will be temper ed by higher feed prices. Turkey production is forecast to increase in response to favorable prices, but higher feed prices will likely dampen the rate of expansion. Egg production is forecast higher on stronger prices in 2021. Total beef and pork exports are little changed from 2021. Beef imports are slightly lower, but pork imports are projected to increase slightly. Broiler and turkey exports are forecast higher on expected gains in foreign demand. Cattle prices are forecast above 2021 on expected tightening of supplies and continued firm demand. Hog and broiler prices are forecast lower with increased production. Turkey and egg prices are forecast higher on strength in demand. The total red meat and poultry production forecast for 2021 is increased from last month. Beef production is raised on higher fed and non- fed cattle slaughter. Pork production is reduced slightly on lighter carcass weights. Broiler production is reduced on first -quarter slaughter data; no changes are made to the outlying quarters. Turkey production is lowered, reflecting recent hatchery data. Egg production is lowered on hatchery and flock data. Beef, pork, and broiler exports are raised on recent trade data and expectations of stronger growth to a number of key mark ets. Turkey exports are reduced slightly. Beef imports are raised as lower imports from Australia are partly offset by product from other suppliers. The annual cattle price forecast is little changed from last month. Hog, broiler, and turkey prices are raised each quarter on prices to date and expectations of demand strength in the second half of the year. Milk production for 2022 is forecast higher than 2021 as continued gains in milk per cow more than offset a slight reduction in the dairy cow herd. Commercial exports on a fat basis are forecast lower as higher domestic butter prices reduce competitiveness in world markets. However, strong global demand and weaker domestic prices for cheese, nonfat dry milk (NDM), and whey are expected to support slightly higher exports on a skim -solids basis. Fat basis imports are forecast lower on lower expected imports of butterfat products and cheese, while skim -solids basis imports are expected to WASDE-612-5 decline mainly on lower cheese imports. Butter prices are forecast higher, but cheese prices are forecast lower as an increased proportion of milk is expected to move into cheese production. NDM and whey prices are lowered reflecting competition in international markets. The Class III price is lowered on weaker cheese and whey prices. The Class IV price is lowered as lower NDM more than offsets higher butter prices. The 2022 all milk price is forecast at $18.50 per cwt. The 2021 milk production forecast is raised on higher cow inventories. Fat basis exports are raised on higher expected exports of butterfat products. The skim -solids basis export forecast is lowered as weaker -than- previously expected NDM/SMP sales more than offset higher expected whey -product exports. Fat basis and skim -solids basis import forecasts are raised from last month on recent import data and higher expected second- quarter butterfat imports. Cheese, NDM, and whey prices are raised from the previous month, but butter is lowered. Both Class III and Class IV prices are raised. The 2021 all milk price is forecast at $18.95. COTTON : U.S. cotton production in 2021/22 is projected to rise 2.4 million bales, but total supply is projected at its lowest in 5 years, and both exports and ending stocks are forecast lower than in 2020/21. Production is anticipated at 17.0 million bales, with 12.0 million planted acres as indicated in Prospective Plantings , abandonment projected above the average of the past 5 years, and average yields. Exports are expected to fall 1.6 million bales, to 14.7 million. Domestic mill use is projected to rise 200,000 bales, to 2.5 million, and ending stocks are 200,000 bales lower to 3.1 million. The upland cotton farm price is 75 cents per pound, 10 percent higher than in 2020/21. For 2020/21, U.S. cotton production is reduced slightly from last month. The export forecast is increased 500,000 bales to 16.25 million as the expected U.S. share of world trade rises, and ending stocks are estimated 600,000 bales lower than in April, at 3.3 million. The world 2021/22 cotton projections show global supply about unchanged from a year earlier —as rising production offsets lower beginning stocks —and falling ending stocks, as consumption rises to its highest in 4 years. Production is projected at 119.4 million bales, 6.3 million higher than in 2020/21. Higher production is expected in Brazil, Australia, Mali, Pakistan, India, and Turkey; a 2.0- million -bale decline is projected for China’s crop. Global consumption is forecast to rise 3.5 percent to 121.5 million bales as global income growth remains strong. Global ending stocks are expected to shrink by 2.2 million bales, to 91.0 million, equivalent to 75 percent of use. For 2020/21, global production saw little net change from April, but beginning stocks and consumption are projected lower, and estimated global ending stocks are 300,000 bales lower. Indian 2019/20 and 2020/21 production is reduced by a total of 1.2 million bales. China’s 2020/21 crop is raised 500,000 bales, reflecting ginning and inspection data from Xinjiang. Global consumption is forecast 439,000 bales lower this month, as India’s recent textile exports and economic disruption from COVID -19 reduced expected mill use there by 800,000 bales. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Mark Je kanowski, (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: SETH MEYER SECRETARY OF AGRICULTURE DESIGNATE WASDE-612-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone, ICEC Chair, WAOB, mark [email protected] Jennifer Bond, ERS; Graham Soley, FAS; Pete Riley, FPAC. Rice: Mark Simone, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS; Vidalina Abadam, FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Michael McConnell, ERS; Yoonhee Macke, FAS; Sharon Raszap, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Mark Ash, ERS; Bill George, FAS; Gustavo Ferreira, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; James Johnson, FAS; Kent Lanclos, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Andrew Sowell, ERS; Souleymane Diaby, FAS; Barbara Fecso, FP AC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Jacob Vuillemin, FAS; Georgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Grace G rossen , ERS; Claire Mezoughem, FAS; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Georgi Gabrielyan, FPAC. In 2021, the WASDE report will be released on Jun 10, Jul 12, Aug 12, Sep 10, Oct 12, Nov 9, and Dec 9. WASDE-612-7 T A B L E OF C O N T E N T S Page Highlights ................................................................................................................. 1 Interagency Commodity Estimates Committees ...................................................... 6 World & U.S. Supply & Use for Grains .................................................................... 8 World & U.S. Supply & Use for Cotton .................................................................... 9 World & U.S. Supply & Use for Oilseeds ............................................................... 10 U.S. Wheat Supply & Use ...................................................................................... 11 U.S. Wheat Supply & Use by Class ....................................................................... 11 U.S. Feed Grain & Corn Supply & Use .................................................................. 12 U.S. Sorghum, Barley & Oats Supply & Use ......................................................... 13 U.S. Rice Supply & Use ......................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................. 15 U.S. Sugar Supply & Use ...................................................................................... 16 Mexico Sugar Supply and Use .............................................................................. 16 U.S. Cotton Supply & Use ..................................................................................... 17 World Wheat Supply & Use ................................................................................... 18 World Coarse Grains Supply & Use ...................................................................... 20 World Corn Supply & Use ...................................................................................... 22 World Rice Supply & Use ...................................................................................... 24 World Cotton Supply & Use ................................................................................... 26 World Soybean Supply & Use ............................................................................... 28 World Soybean Meal Supply & Use ....................................................................... 29 World Soybean Oil Supply & Use .......................................................................... 30 U.S. Quarterly Animal Product Production ............................................................ 31 U.S. Quarterly Prices for Animal Products ............................................................. 31 U.S. Meats Supply and Use ................................................................................... 32 U.S. Egg Supply & Use .......................................................................................... 33 U.S. Milk Supply and Use ...................................................................................... 33 U.S. Dairy Prices ................................................................................................... 34 Reliability Tables ................................................................................................... 35 Related USDA Reports .......................................................................................... 38 Metric Conversion Factors ..................................................................................... 38 Electronic Access and Subscriptions ...................................................................... 40 May 2021 WASDE - 612 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2019/20 2674.12 3486.30 449.16 2674.72 811.58 2020/21 (Est.) 2717.08 3528.65 478.58 2743.79 784.87 filler filler filler filler filler 2021/22 (Proj.) Apr NA NA NA NA NA 2021/22 (Proj.) May 2790.36 3575.23 494.62 2791.38 783.85 filler filler filler filler filler Wheat 2019/20 764.16 1048.24 194.88 748.80 299.44 2020/21 (Est.) 776.10 1075.54 199.65 780.87 294.67 filler filler filler filler filler 2021/22 (Proj.) Apr NA NA NA NA NA 2021/22 (Proj.) May 788.98 1083.65 202.42 788.68 294.96 filler filler filler filler filler Coarse Grains 5/ 2019/20 1412.39 1763.91 210.93 1429.56 334.35 2020/21 (Est.) 1437.45 1771.79 232.49 1457.51 314.28 filler filler filler filler filler 2021/22 (Proj.) Apr NA NA NA NA NA 2021/22 (Proj.) May 1495.94 1810.22 245.73 1489.35 320.87 filler filler filler filler filler Rice, milled 2019/20 497.57 674.15 43.35 496.36 177.79 2020/21 (Est.) 503.53 681.32 46.44 505.41 175.92 filler filler filler filler filler 2021/22 (Proj.) Apr NA NA NA NA NA 2021/22 (Proj.) May 505.45 681.37 46.47 513.35 168.02 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2019/20 417.89 516.32 79.77 355.83 80.73 2020/21 (Est.) 431.48 518.79 107.70 351.29 59.81 filler filler filler filler filler 2021/22 (Proj.) Apr NA NA NA NA NA 2021/22 (Proj.) May 453.58 520.70 98.71 358.64 63.35 filler filler filler filler filler Wheat 2019/20 52.58 84.83 26.28 30.56 27.99 2020/21 (Est.) 49.69 80.53 26.26 30.55 23.72 filler filler filler filler filler 2021/22 (Proj.) Apr NA NA NA NA NA 2021/22 (Proj.) May 50.95 78.07 24.49 32.52 21.05 filler filler filler filler filler Coarse Grains 5/ 2019/20 359.43 423.01 50.51 320.68 51.83 2020/21 (Est.) 374.57 428.99 78.55 315.72 34.73 filler filler filler filler filler 2021/22 (Proj.) Apr NA NA NA NA NA 2021/22 (Proj.) May 396.17 433.58 71.42 321.16 41.00 filler filler filler filler filler Rice, milled 2019/20 5.88 8.49 2.99 4.59 0.91 2020/21 (Est.) 7.23 9.27 2.89 5.02 1.36 filler filler filler filler filler 2021/22 (Proj.) Apr NA NA NA NA NA 2021/22 (Proj.) May 6.46 9.05 2.79 4.95 1.30 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). May 2021 WASDE - 612 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2019/20 2,256.23 2,969.97 369.38 2,318.89 730.85 2020/21 (Est.) 2,285.59 3,009.86 370.88 2,392.50 725.06 filler filler filler filler filler 2021/22 (Proj.) Apr NA NA NA NA NA 2021/22 (Proj.) May 2,336.78 3,054.53 395.92 2,432.74 720.50 filler filler filler filler filler Wheat 2019/20 711.58 963.42 168.60 718.24 271.45 2020/21 (Est.) 726.41 995.00 173.39 750.32 270.95 filler filler filler filler filler 2021/22 (Proj.) Apr NA NA NA NA NA 2021/22 (Proj.) May 738.03 1,005.57 177.93 756.16 273.91 filler filler filler filler filler Coarse Grains 5/ 2019/20 1,052.96 1,340.89 160.43 1,108.88 282.52 2020/21 (Est.) 1,062.88 1,342.80 153.95 1,141.79 279.56 filler filler filler filler filler 2021/22 (Proj.) Apr NA NA NA NA NA 2021/22 (Proj.) May 1,099.77 1,376.64 174.31 1,168.19 279.87 filler filler filler filler filler Rice, milled 2019/20 491.69 665.66 40.36 491.77 176.88 2020/21 (Est.) 496.31 672.05 43.55 500.39 174.56 filler filler filler filler filler 2021/22 (Proj.) Apr NA NA NA NA NA 2021/22 (Proj.) May 498.98 672.32 43.68 508.39 166.72 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2019/20 121.42 201.44 41.45 102.95 97.82 2020/21 (Est.) 113.11 210.92 46.21 117.41 93.16 filler filler filler filler filler 2021/22 (Proj.) Apr NA NA NA NA NA 2021/22 (Proj.) May 119.44 212.60 45.51 121.48 90.99 filler filler filler filler filler United States 2019/20 19.91 24.77 15.53 2.15 7.25 2020/21 (Est.) 14.61 21.86 16.25 2.30 3.30 filler filler filler filler filler 2021/22 (Proj.) Apr NA NA NA NA NA 2021/22 (Proj.) May 17.00 20.30 14.70 2.50 3.10 filler filler filler filler filler Foreign 4/ 2019/20 101.50 176.67 25.92 100.80 90.57 2020/21 (Est.) 98.50 189.06 29.96 115.11 89.86 filler filler filler filler filler 2021/22 (Proj.) Apr NA NA NA NA NA 2021/22 (Proj.) May 102.44 192.30 30.81 118.98 87.89 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal t o world minus United States. See global cotton tables for treatment of export/import imbalances. May 2021 WASDE - 612 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2019/20 580.60 714.61 190.74 507.99 113.02 2020/21 (Est.) 599.60 712.61 197.68 514.81 100.21 filler filler filler filler filler 2021/22 (Proj.) Apr NA NA NA NA NA 2021/22 (Proj.) May 632.23 732.44 199.41 531.42 104.64 filler filler filler filler filler Oilmeals 2019/20 345.91 363.39 95.49 341.79 15.82 2020/21 (Est.) 353.69 369.52 95.04 349.72 14.85 filler filler filler filler filler 2021/22 (Proj.) Apr NA NA NA NA NA 2021/22 (Proj.) May 364.24 379.09 97.82 358.49 15.29 filler filler filler filler filler Vegetable Oils 2019/20 207.09 231.45 86.80 202.98 24.89 2020/21 (Est.) 208.25 233.14 86.90 206.99 23.01 filler filler filler filler filler 2021/22 (Proj.) Apr NA NA NA NA NA 2021/22 (Proj.) May 215.99 239.00 90.60 213.18 22.35 filler filler filler filler filler United States Output Tota l Supply Tra de Tota l Use 2/ Ending Stocks Oilseeds 2019/20 106.98 134.74 47.04 63.04 15.96 2020/21 (Est.) 122.35 139.96 63.20 64.02 4.81 filler filler filler filler filler 2021/22 (Proj.) Apr NA NA NA NA NA 2021/22 (Proj.) May 130.29 136.89 57.70 65.11 5.36 filler filler filler filler filler Oilmeals 2019/20 48.76 53.31 13.05 39.87 0.39 2020/21 (Est.) 49.47 54.02 13.17 40.41 0.44 filler filler filler filler filler 2021/22 (Proj.) Apr NA NA NA NA NA 2021/22 (Proj.) May 50.19 54.57 13.22 40.87 0.48 filler filler filler filler filler Vegetable Oils 2019/20 12.64 18.72 1.51 16.01 1.21 2020/21 (Est.) 13.01 18.93 1.26 16.46 1.21 filler filler filler filler filler 2021/22 (Proj.) Apr NA NA NA NA NA 2021/22 (Proj.) May 13.22 19.41 0.85 17.49 1.06 filler filler filler filler filler Foreign 3/ Output Tota l Supply Tra de Tota l Use 2/ Ending Stocks Oilseeds 2019/20 473.62 579.87 143.69 444.95 97.06 2020/21 (Est.) 477.25 572.66 134.48 450.79 95.40 filler filler filler filler filler 2021/22 (Proj.) Apr NA NA NA NA NA 2021/22 (Proj.) May 501.94 595.55 141.70 466.31 99.28 filler filler filler filler filler Oilmeals 2019/20 297.14 310.08 82.44 301.92 15.44 2020/21 (Est.) 304.22 315.50 81.86 309.31 14.42 filler filler filler filler filler 2021/22 (Proj.) Apr NA NA NA NA NA 2021/22 (Proj.) May 314.05 324.52 84.59 317.62 14.81 filler filler filler filler filler Vegetable Oils 2019/20 194.45 212.73 85.30 186.97 23.69 2020/21 (Est.) 195.24 214.21 85.64 190.53 21.80 filler filler filler filler filler 2021/22 (Proj.) Apr NA NA NA NA NA 2021/22 (Proj.) May 202.77 219.59 89.75 195.69 21.29 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. May 2021 WASDE - 612 - 11 U.S. Wheat Supply and Use 1/ 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Apr May Million Acres Area Planted 45.5 44.3 NA 46.4 * Area Harvested 37.4 36.7 NA 37.4 * Bushels Yield per Harvested Acre 51.7 49.7 NA 50.0 * Million Bushels Beginning Stocks 1,080 1,028 NA 872 Production 1,932 1,826 NA 1,872 Imports 105 105 NA 125 Supply, Total 3,117 2,959 NA 2,869 Food 962 960 NA 963 Seed 60 63 NA 62 Feed and Residual 101 100 NA 170 Domestic, Total 1,123 1,123 NA 1,195 Exports 965 965 NA 900 Use, Total 2,089 2,088 NA 2,095 Ending Stocks 1,028 872 NA 774 Avg. Farm Price ($/bu) 2/ 4.58 5.05 NA 6.50 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2020/21 (Est.) Beginning Stocks 506 280 105 95 42 1,028 Production 659 530 266 302 69 1,826 Supply, Total 3/ 1,168 860 377 404 150 2,959 Domestic Use 410 319 211 91 94 1,123 Exports 335 275 65 260 30 965 Use, Total 745 594 276 351 124 2,088 Ending Stocks, Total May 423 267 102 53 26 872 Ending Stocks, Total Apr 411 255 94 64 27 852 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. * Planted acres reported in the March 31, 2021, "Prospective Plantings." Harvested acres and yield for other spring wheat and Durum are projected using 10-year harvested -to-planted ratios by state and 1985-2020 yield trends by state (except for Arizona and California Durum). Winter wheat harvested acres and yield reported in the May 12, 2021, "Crop Production." ****************************************************************************** Wheat -by-class projections for 2021/22 will first be published in the July 12, 2021, WASDE. ****************************************************************************** May 2021 WASDE - 612 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Apr May Million Acres Area Planted 100.6 102.3 NA 103.2 * Area Harvested 89.1 90.7 NA 92.6 * Metric Tons Yield per Harvested Acre 4.03 4.13 NA 4.28 Million Metric Tons Beginning Stocks 60.5 51.8 NA 34.7 Production 359.2 374.3 NA 395.9 Imports 2.8 2.3 NA 2.4 Supply, Total 422.4 428.4 NA 433.0 Feed and Residual 154.3 148.3 NA 148.1 Food, Seed & Industrial 165.9 166.9 NA 172.5 Domestic, Total 320.1 315.2 NA 320.6 Exports 50.5 78.5 NA 71.4 Use, Total 370.6 393.7 NA 392.0 Ending Stocks 51.8 34.7 NA 41.0 CORN 2019/20 2020/21 Est. 2021/22 Pro j. 2021/22 Pro j. April May Million Acres Area Planted 89.7 90.8 NA 91.1 * Area Harvested 81.3 82.5 NA 83.5 * Bushels Yield per Harvested Acre 167.5 172.0 NA 179.5 * Million Bushels Beginning Stocks 2,221 1,919 NA 1,257 Production 13,620 14,182 NA 14,990 Imports 42 25 NA 25 Supply, Total 15,883 16,127 NA 16,272 Feed and Residual 5,897 5,700 NA 5,700 Food, Seed & Industrial 2/ 6,287 6,395 NA 6,615 Ethanol & by -products 3/ 4,857 4,975 NA 5,200 Domestic, Total 12,185 12,095 NA 12,315 Exports 1,778 2,775 NA 2,450 Use, Total 13,963 14,870 NA 14,765 Ending Stocks 1,919 1,257 NA 1,507 Avg. Farm Price ($/bu) 4/ 3.56 4.35 NA 5.70 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data -products/feed-grains- database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing-year weighted average price received by farmers. * Planted acres reported in the March 31, 2021, "Prospective Plantings." For corn, harvested acres projected based on historical abandonment and use for silage. The yield projection is based on a weather -adjusted trend assuming normal mid-May planting progress and summer growing season weather, estimated using the 1988- 2020 time period, and includes a downward stochastic adjustment to account for the asymmetric response of yield to July precipitation. May 2021 WASDE - 612 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Apr May Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 5.3 5.9 NA 6.9 * Area Harvested (mil. acres) 4.7 5.1 NA 6.2 * Yield (bushels/acre) 73.0 73.2 NA 68.9 * Beginning Stocks 64 30 NA 18 Production 341 373 NA 427 Imports 0 0 NA 0 Supply, Total 405 403 NA 445 Feed and Residual 96 70 NA 65 Food, Seed & Industrial 75 10 NA 10 Total Domestic 171 80 NA 75 Exports 204 305 NA 350 Use, Total 375 385 NA 425 Ending Stocks 30 18 NA 20 Avg. Farm Price ($/bu) 2/ 3.34 5.05 NA 6.10 Filler Filler Filler Filler Filler BARLEY 2019/20 2020/21 Est. 2021/22 Pro j. 2021/22 Pro j. April May Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.8 2.6 NA 2.6 * Area Harvested (mil. acres) 2.2 2.1 NA 2.1 * Yield (bushels/acre) 77.7 77.5 NA 76.7 * Beginning Stocks 87 80 NA 80 Production 172 165 NA 161 Imports 7 7 NA 7 Supply, Total 266 253 NA 248 Feed and Residual 39 20 NA 15 Food, Seed & Industrial 142 141 NA 141 Total Domestic 180 161 NA 156 Exports 6 12 NA 12 Use, Total 186 173 NA 168 Ending Stocks 80 80 NA 80 Avg. Farm Price ($/bu) 2/ 4.69 4.75 NA 5.95 Filler Filler Filler Filler Filler OATS 2019/20 2020/21 Est. 2021/22 Pro j. 2021/22 Pro j. April May Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.8 3.0 NA 2.5 * Area Harvested (mil. acres) 0.8 1.0 NA 0.8 * Yield (bushels/acre) 64.3 65.1 NA 66.3 * Beginning Stocks 38 37 NA 40 Production 53 65 NA 53 Imports 92 90 NA 95 Supply, Total 183 192 NA 188 Feed and Residual 63 70 NA 75 Food, Seed & Industrial 81 79 NA 80 Total Domestic 144 149 NA 155 Exports 2 3 NA 2 Use, Total 146 152 NA 157 Ending Stocks 37 40 NA 31 Avg. Farm Price ($/bu) 2/ 2.82 2.75 NA 3.60 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing- year weighted average price received by farmers. * Planted acres reported in the March 31, 2021, "Prospective Planti ngs." Harvested area for sorghum, barley and oats based on historical average harvested- to-planted ratios. For sorghum the projected yield is the median yield for 2001 -2020. For barley and oats, projected yields are based on the 1991 -2020 linear trends. Yields shown reflect production rounding. May 2021 WASDE - 612 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Apr May Million Acres Area Planted 2.55 3.04 NA 2.71 * Area Harvested 2.48 2.99 NA 2.66 * Filler Pounds Yield per Harvested Acre 7,473 7,619 NA 7,651 * Million Hundredweight Beginning Stocks 2/ 44.9 28.7 NA 42.9 Production 185.1 227.6 NA 203.6 Imports 37.3 35.7 NA 38.5 Supply, Total 267.3 291.9 NA 285.0 Domestic & Residual 3/ 144.4 158.0 NA 156.0 Exports, Total 4/ 94.2 91.0 NA 88.0 Rough 31.2 34.0 NA 33.0 Milled (rough equiv.) 62.9 57.0 NA 55.0 Use, Total 238.6 249.0 NA 244.0 Ending Stocks 28.7 42.9 NA 41.0 Avg. Milling Yield (%) 5/ 70.00 70.00 NA 70.00 Avg. Farm Price ($/cwt) 6/ 13.60 13.90 NA 14.20 Tota l LONG -GRAIN RICE 2019/20 2020/21 Est. 2021/22 Pro j. 2021/22 Pro j. April May Harvested Acres (mil.) 1.73 2.30 Yield (pounds/acre) 7,261 7,422 Beginning Stocks 32.6 16.9 NA 30.8 Imports 29.8 29.0 NA 31.0 Production 125.6 170.9 NA 152.3 Supply, Total 7/ 188.0 216.8 NA 214.1 Domestic & Residual 3/ 106.4 123.0 NA 121.0 Exports 8/ 64.6 63.0 NA 61.0 Use, Total 171.1 186.0 NA 182.0 Ending Stocks 16.9 30.8 NA 32.1 Avg. Farm Price ($/cwt) 6/ 12.00 12.60 NA 12.80 Filler Filler Filler Filler Filler MEDIUM & SHORT -GRAIN RICE 2019/20 2020/21 Est. 2021/22 Pro j. 2021/22 Pro j. April May Harvested Acres (mil.) 0.75 0.69 Yield (pounds/acre) 7,964 8,282 Beginning Stocks 10.2 10.7 NA 11.1 Imports 7.6 6.7 NA 7.5 Production 59.5 56.7 NA 51.3 Supply, Total 7/ 78.3 74.1 NA 69.9 Domestic & Residual 3/ 38.0 35.0 NA 35.0 Exports 8/ 29.6 28.0 NA 27.0 Use, Total 67.6 63.0 NA 62.0 Ending Stocks 10.7 11.1 NA 7.9 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 18.20 17.60 NA 18.50 California 10/ 21.60 19.70 NA 21.00 Other States 1/ 11.60 13.00 NA 13.20 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2017/18- 1.4; 2018/19 -2.1; 2019/ 20-1.0. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing- year weighted average price received by farm ers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The California medium/short -grain season -average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the r ice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. 10/ Marketing year beginning October 1. * Planted acres reported in March 31, 2021, "Prospective Plantings. " Harvested acres are estimated using long run harvested -to-planted ratios by rice class. Projected yield is based on by class trend analysis. May 2021 WASDE - 612 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Apr May Filler Filler Filler Filler Filler Million Acres Area Planted 76.1 83.1 NA 87.6 * Area Harvested 74.9 82.3 NA 86.7 * Filler Bushels Yield per Harvested Acre 47.4 50.2 NA 50.8 * Million Bushels Beginning Stocks 909 525 NA 120 Production 3,552 4,135 NA 4,405 Imports 15 35 NA 35 Supply, Total 4,476 4,695 NA 4,560 Crushings 2,165 2,190 NA 2,225 Exports 1,682 2,280 NA 2,075 Seed 96 102 NA 104 Residual 9 4 NA 15 Use, Total 3,952 4,575 NA 4,420 Ending Stocks 525 120 NA 140 Avg. Farm Price ($/bu) 2/ 8.57 11.25 NA 13.85 Tota l SOYBEAN OIL 2019/20 2020/21 Est. 2021/22 Pro j. 2021/22 Pro j. April May Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,775 1,853 NA 1,818 Production 4/ 24,911 25,515 NA 25,945 Imports 319 350 NA 600 Supply, Total 27,006 27,718 NA 28,363 Domestic Disappearance 22,314 23,600 NA 25,400 Biofuel 3/ 8,658 9,500 NA 12,000 Food, Feed & other Industrial 13,656 14,100 NA 13,400 Exports 2,839 2,300 NA 1,450 Use, Total 25,153 25,900 NA 26,850 Ending stocks 1,853 1,818 NA 1,513 Avg. Price (c/lb) 2/ 29.65 55.00 NA 65.00 Tota l SOYBEAN MEAL 2019/20 2020/21 Est. 2021/22 Pro j. 2021/22 Pro j. April May Filler 1 2 3 4 Thousand Short Tons Beginning Stocks 402 341 NA 400 Production 4/ 51,100 51,759 NA 52,500 Imports 639 650 NA 450 Supply, Total 52,142 52,750 NA 53,350 Domestic Disappearance 37,723 38,100 NA 38,600 Exports 14,077 14,250 NA 14,300 Use, Total 51,800 52,350 NA 52,900 Ending Stocks 341 400 NA 450 Avg. Price ($/s.t.) 2/ 299.50 405.00 NA 400.00 Tota l Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects soybean oil used for biofuels as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,190 million bushels for 2020/21 and 2,225 million bushels for 2021/22. *Planted acres are reported in the March 31, 2021 Prospective Plantings report. Harvested acres are based on historical planted -to- harvested ratios. The projected yield is based on a weather -adjusted trend model and assumes normal weather. May 2021 WASDE - 612 - 16 U.S. Sugar Supply and Use 1/ 2019/20 2020/21 Est. 2020/21 Est. 2021/22 Proj. Apr May May Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 1,783 1,618 1,618 1,805 Production 2/ 8,149 9,344 9,299 9,310 Beet Sugar 4,351 5,093 5,118 5,225 Cane Sugar 3,798 4,251 4,181 4,085 Florida 2,106 2,170 2,100 2,100 Louisiana 1,566 1,949 1,949 1,850 Texas 126 132 132 135 Imports 4,235 3,152 3,154 2,652 TRQ 3/ 2,152 1,721 1,673 1,387 Other Program 4/ 432 300 300 250 Other 5/ 1,651 1,131 1,181 1,015 Mexico 1,376 931 981 965 Total Supply 14,166 14,113 14,070 13,767 Exports 61 35 35 35 Deliveries 12,414 12,230 12,230 12,230 Food 12,316 12,125 12,125 12,125 Other 6/ 98 105 105 105 Miscellaneous 74 0 0 0 Total Use 12,549 12,265 12,265 12,265 Ending Stocks 1,618 1,848 1,805 1,502 Stocks to Use Ratio 12.9 15.1 14.7 12.2 Tota l 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2020/21 and 2021/22 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2020/21, WTO raw sugar TRQ shortfall (147) and for 2021/22 (99). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Imports from Mexico; and high- tier tariff sugar and syrups not otherwise specified -- for 2020/21 (200) and 2021/22 (50). 6/ Transfers accompanying deliveries for sugar- containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE - reported deliveries: 2019/20 -- 298; estimated 2020/21 -- 347; projected 2021/22 -- 358. Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2020/21 Est. Apr 858 5,900 105 4,445 1,492 926 2020/21 Est. May 858 5,825 105 4,378 1,499 910 2021/22 Proj. Apr NA NA NA NA NA NA 2021/22 Proj. May 910 5,809 85 4,370 1,524 910 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2019/20 = 1,388; Estimated 2020/21 = 1,325; Projected 2021/22 = 1,300. Estimated Oct -Mar 2020/21 = 641; Estimated Oct -Mar 2019/20 = 685. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2020/21 (415 est =350 dom.+65 import); 2021/22 (415 proj = 350 d om.+65 import). Statistical Adjustments: 2020/21 (0), 2021/22 (0). May 2021 WASDE - 612 - 17 U.S. Cotton Supply and Use 1/ 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Apr May Filler Filler Filler Filler Filler Area Million Acres Planted 13.74 12.09 NA 12.04 * Harvested 11.50 8.28 NA 9.63 * Filler Pounds Yield per Harvested Acre 831 847 NA 847 * Million 480 Pound Bales Beginning Stocks 4.85 7.25 NA 3.30 Production 19.91 14.61 NA 17.00 Imports 0.00 0.00 NA 0.00 Supply, Total 24.77 21.86 NA 20.30 Domestic Use 2.15 2.30 NA 2.50 Exports, Total 15.53 16.25 NA 14.70 Use, Total 17.68 18.55 NA 17.20 Unaccounted 2/ -0.16 0.01 NA 0.00 Ending Stocks 7.25 3.30 NA 3.10 Avg. Farm Price 3/ 59.6 68.0 NA 75.0 Tota l Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. *Planted area as reported in March 31, 2021 Prospective Plantings. Harvested area based on 10 -year average abandonment by region, with the Southwest adjusted to reflect unfavorable moisture conditions. Yield based on 5 -year average yields by region. May 2021 WASDE - 612 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 284.08 764.16 187.88 139.75 748.80 194.88 299.44 World Less China 144.32 630.57 182.50 120.75 622.80 193.83 147.76 United States 29.39 52.58 2.86 2.75 30.56 26.28 27.99 Total Foreign 254.70 711.58 185.02 137.00 718.24 168.60 271.45 Major Exporters 4/ 37.35 309.17 7.55 73.91 180.71 142.53 30.83 Argentina 1.74 19.78 0.01 0.05 6.30 13.50 1.72 Australia 4.44 15.20 0.89 5.00 8.50 9.14 2.90 Canada 6.04 32.67 0.68 4.16 9.26 24.63 5.50 European Union 5/ 15.80 138.74 5.55 45.50 108.35 39.77 11.97 Russia 7.78 73.61 0.33 17.00 40.00 34.49 7.23 Ukraine 1.56 29.17 0.09 2.20 8.30 21.01 1.51 Major Importers 6/ 181.64 202.53 122.17 36.79 297.49 13.20 195.64 Bangladesh 1.26 1.20 6.80 0.30 7.40 0.00 1.86 Brazil 1.06 5.20 7.20 0.50 12.10 0.42 0.94 China 139.77 133.59 5.38 19.00 126.00 1.05 151.68 Japan 1.08 1.10 5.68 0.65 6.37 0.29 1.20 N. Africa 7/ 15.54 18.40 27.74 1.85 46.25 1.07 14.36 Nigeria 0.20 0.06 5.34 0.05 4.90 0.40 0.30 Sel. Mideast 8/ 12.06 22.20 17.71 3.60 38.47 0.78 12.71 Southeast Asia 9/ 5.90 0.00 26.45 7.64 25.05 1.13 6.16 Selected Other India 16.99 103.60 0.02 6.00 95.40 0.51 24.70 Kazakhstan 1.68 11.45 0.58 1.30 6.10 6.99 0.63 United Kingdom 1.91 15.60 1.74 7.84 14.99 1.62 2.64 2020/21 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 299.44 776.10 193.05 157.30 780.87 199.65 294.67 World Less China 147.76 641.85 182.55 117.30 630.87 198.65 149.24 United States 27.99 49.69 2.86 2.72 30.55 26.26 23.72 Total Foreign 271.45 726.41 190.19 154.58 750.32 173.39 270.95 Major Exporters 4/ 30.83 322.53 6.98 72.25 179.20 146.50 34.64 Argentina 1.72 17.63 0.01 0.05 6.35 10.50 2.51 Australia 2.90 33.00 0.20 5.00 8.50 22.00 5.60 Canada 5.50 35.18 0.55 4.70 9.90 27.50 3.83 European Union 5/ 11.97 125.94 5.60 42.00 104.35 30.00 9.17 Russia 7.23 85.35 0.50 18.00 41.50 39.50 12.08 Ukraine 1.51 25.42 0.13 2.50 8.60 17.00 1.45 Major Importers 6/ 195.64 202.74 124.30 57.31 323.31 12.91 186.47 Bangladesh 1.86 1.18 6.50 0.30 7.60 0.00 1.94 Brazil 0.94 6.25 6.60 0.50 12.20 0.95 0.64 China 151.68 134.25 10.50 40.00 150.00 1.00 145.43 Japan 1.20 0.99 5.60 0.70 6.40 0.29 1.10 N. Africa 7/ 14.36 16.60 29.20 1.75 46.95 0.99 12.22 Nigeria 0.30 0.06 5.50 0.05 4.95 0.50 0.40 Sel. Mideast 8/ 12.71 22.18 18.00 3.59 39.31 0.52 13.06 Southeast Asia 9/ 6.16 0.00 24.80 7.02 24.55 1.13 5.29 Selected Other India 24.70 107.86 0.03 6.50 103.09 2.30 27.20 Kazakhstan 0.63 14.26 0.50 1.40 6.30 7.50 1.59 United Kingdom 2.64 9.66 2.80 6.10 13.25 0.35 1.50 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Alge ria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2021 WASDE - 612 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Apr NA NA NA NA NA NA NA May 294.67 788.98 199.04 158.68 788.68 202.42 294.96 World Less China Apr NA NA NA NA NA NA NA May 149.24 652.98 189.04 123.68 640.68 201.42 152.53 United States Apr NA NA NA NA NA NA NA May 23.72 50.95 3.40 4.63 32.52 24.49 21.05 Total Foreign Apr NA NA NA NA NA NA NA May 270.95 738.03 195.63 154.06 756.16 177.93 273.91 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 34.64 327.50 7.50 74.55 181.65 150.00 37.99 Argentina Apr NA NA NA NA NA NA NA May 2.51 20.50 0.00 0.05 6.45 13.50 3.06 Australia Apr NA NA NA NA NA NA NA May 5.60 27.00 0.20 4.50 8.00 20.00 4.80 Canada Apr NA NA NA NA NA NA NA May 3.83 32.00 0.70 4.00 9.20 23.50 3.83 European Union 5/ Apr NA NA NA NA NA NA NA May 9.17 134.00 6.00 44.00 106.50 33.00 9.67 Russia Apr NA NA NA NA NA NA NA May 12.08 85.00 0.50 19.00 42.50 40.00 15.08 Ukraine Apr NA NA NA NA NA NA NA May 1.45 29.00 0.10 3.00 9.00 20.00 1.55 Major Importers 6/ Apr NA NA NA NA NA NA NA May 186.47 206.76 128.41 52.67 323.71 13.10 184.83 Bangladesh Apr NA NA NA NA NA NA NA May 1.94 1.13 6.80 0.30 7.90 0.00 1.97 Brazil Apr NA NA NA NA NA NA NA May 0.64 6.80 6.80 0.50 12.30 1.00 0.94 China Apr NA NA NA NA NA NA NA May 145.43 136.00 10.00 35.00 148.00 1.00 142.43 Japan Apr NA NA NA NA NA NA NA May 1.10 0.96 5.80 0.70 6.40 0.30 1.16 N. Africa 7/ Apr NA NA NA NA NA NA NA May 12.22 21.00 29.10 1.75 47.55 1.01 13.77 Nigeria Apr NA NA NA NA NA NA NA May 0.40 0.06 5.20 0.05 4.85 0.40 0.41 Sel. Mideast 8/ Apr NA NA NA NA NA NA NA May 13.06 20.49 19.41 3.67 39.61 0.74 12.61 Southeast Asia 9/ Apr NA NA NA NA NA NA NA May 5.29 0.00 26.30 7.00 24.95 1.11 5.53 Selected Other India Apr NA NA NA NA NA NA NA May 27.20 108.00 0.03 7.00 105.00 2.20 28.03 Kazakhstan Apr NA NA NA NA NA NA NA May 1.59 14.00 0.50 1.50 6.40 8.00 1.69 United Kingdom Apr NA NA NA NA NA NA NA May 1.50 14.10 2.40 7.70 15.90 0.55 1.55 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2021 WASDE - 612 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 351.52 1,412.39 204.93 882.22 1,429.56 210.93 334.35 World Less China 141.12 1,144.19 187.43 681.40 1,134.49 210.89 133.36 United States 60.47 359.43 3.11 154.45 320.68 50.51 51.83 Total Foreign 291.05 1,052.96 201.82 727.77 1,108.88 160.43 282.52 Major Exporters 4/ 19.62 306.39 4.60 133.90 178.81 128.65 23.15 Argentina 3.62 58.13 0.02 12.12 17.78 39.32 4.68 Australia 2.43 10.44 0.01 4.78 6.75 3.87 2.25 Brazil 5.67 105.82 2.31 61.71 72.84 35.23 5.72 Canada 3.29 28.61 1.92 17.23 24.93 4.91 3.98 Russia 1.22 40.50 0.18 22.29 31.39 8.63 1.87 Ukraine 2.04 46.55 0.03 8.89 11.89 34.08 2.65 Major Importers 5/ 37.34 248.22 142.37 292.89 374.97 16.03 36.93 European Union 6/ 14.51 152.73 19.42 119.65 158.63 13.65 14.38 Japan 1.75 0.23 17.63 13.91 17.87 0.00 1.74 Mexico 5.78 32.10 17.60 30.83 50.31 1.03 4.14 N. Afr & Mideast 7/ 7.39 33.22 41.65 64.93 73.40 0.74 8.12 Saudi Arabia 1.70 0.20 11.22 11.05 11.40 0.00 1.72 Southeast Asia 8/ 3.38 29.40 18.20 38.50 46.55 0.61 3.82 South Korea 1.86 0.28 11.98 9.55 12.09 0.00 2.02 Selected Other China 210.40 268.20 17.50 200.82 295.07 0.04 200.98 2020/21 Est. Beginning Stocks Production Imports Domes tic Feed Domes tic Total 2/ Exports Ending Stocks World 3/ 334.35 1,437.45 228.16 908.91 1,457.51 232.49 314.28 World Less China 133.36 1,169.40 184.91 688.11 1,144.33 232.42 115.25 United States 51.83 374.57 2.59 148.46 315.72 78.55 34.73 Total Foreign 282.52 1,062.88 225.57 760.45 1,141.79 153.95 279.56 Major Exporters 4/ 23.15 306.38 6.24 140.13 185.69 126.13 23.96 Argentina 4.68 55.49 0.01 13.01 18.78 38.01 3.39 Australia 2.25 16.46 0.00 6.61 8.68 6.90 3.14 Brazil 5.72 105.96 4.20 64.02 75.16 35.03 5.71 Canada 3.98 29.64 1.91 16.79 24.27 6.96 4.31 Russia 1.87 41.40 0.07 22.67 32.24 8.65 2.45 Ukraine 2.65 39.59 0.03 9.95 13.11 27.38 1.77 Major Importers 5/ 36.93 249.98 136.43 293.06 375.04 13.05 35.25 European Union 6/ 14.38 153.13 13.48 117.95 156.95 10.60 13.44 Japan 1.74 0.23 16.97 13.37 17.25 0.00 1.69 Mexico 4.14 32.16 17.04 29.96 49.35 0.90 3.09 N. Afr & Mideast 7/ 8.12 33.57 39.69 64.61 72.94 0.69 7.75 Saudi Arabia 1.72 0.19 11.21 11.15 11.51 0.00 1.62 Southeast Asia 8/ 3.82 30.40 21.95 42.35 50.60 0.86 4.71 South Korea 2.02 0.22 11.61 9.15 11.66 0.00 2.19 Selected Other China 200.98 268.05 43.25 220.80 313.18 0.07 199.03 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some coun tries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, an d Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indone sia, Malaysia, Philippines, Thailand, and Vietnam. May 2021 WASDE - 612 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Apr NA NA NA NA NA NA NA May 314.28 1,495.94 236.47 925.66 1,489.35 245.73 320.87 World Less China Apr NA NA NA NA NA NA NA May 115.25 1,220.51 190.17 696.61 1,167.50 245.68 122.02 United States Apr NA NA NA NA NA NA NA May 34.73 396.17 2.68 148.30 321.16 71.42 41.00 Total Foreign Apr NA NA NA NA NA NA NA May 279.56 1,099.77 233.79 777.36 1,168.19 174.31 279.87 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 23.96 334.24 4.66 141.78 188.79 146.52 27.56 Argentina Apr NA NA NA NA NA NA NA May 3.39 60.78 0.01 13.08 18.85 41.51 3.82 Australia Apr NA NA NA NA NA NA NA May 3.14 13.45 0.00 6.06 8.12 5.88 2.59 Brazil Apr NA NA NA NA NA NA NA May 5.71 122.02 2.40 65.59 77.73 43.03 9.38 Canada Apr NA NA NA NA NA NA NA May 4.31 30.87 2.11 17.86 25.36 7.80 4.13 Russia Apr NA NA NA NA NA NA NA May 2.45 41.55 0.08 22.95 32.65 9.45 1.97 Ukraine Apr NA NA NA NA NA NA NA May 1.77 47.86 0.03 8.85 12.01 35.65 2.00 Major Importers 5/ Apr NA NA NA NA NA NA NA May 35.25 250.08 143.45 298.73 381.50 13.61 33.67 European Union 6/ Apr NA NA NA NA NA NA NA May 13.44 153.90 17.42 120.30 159.43 11.45 13.89 Japan Apr NA NA NA NA NA NA NA May 1.69 0.20 17.54 13.88 17.82 0.00 1.61 Mexico Apr NA NA NA NA NA NA NA May 3.09 33.75 17.60 30.49 49.99 0.90 3.55 N. Afr & Mideast 7/ Apr NA NA NA NA NA NA NA May 7.75 31.82 42.54 66.29 74.97 0.42 6.72 Saudi Arabia Apr NA NA NA NA NA NA NA May 1.62 0.20 11.51 11.36 11.71 0.00 1.62 Southeast Asia 8/ Apr NA NA NA NA NA NA NA May 4.71 29.91 20.55 42.45 50.85 0.85 3.48 South Korea Apr NA NA NA NA NA NA NA May 2.19 0.22 11.81 9.55 12.06 0.00 2.17 Selected Other China Apr NA NA NA NA NA NA NA May 199.03 275.43 46.30 229.05 321.85 0.05 198.85 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Afr ica and Middle East, Saudi Arabia, Sout heast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2021 WASDE - 612 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 322.13 1,117.16 167.59 715.98 1,134.81 172.46 304.48 World Less China 111.96 856.39 160.00 522.98 856.81 172.45 103.95 United States 56.41 345.96 1.06 149.80 309.51 45.17 48.76 Total Foreign 265.72 771.20 166.53 566.17 825.31 127.29 255.72 Major Exporters 4/ 9.97 219.01 1.73 88.80 110.80 107.08 12.82 Argentina 2.37 51.00 0.00 9.50 13.50 36.25 3.62 Brazil 5.31 102.00 1.65 58.50 68.50 35.23 5.23 Russia 0.38 14.28 0.05 8.80 9.80 4.07 0.83 South Africa 1.02 15.84 0.00 6.80 12.60 2.60 1.66 Ukraine 0.89 35.89 0.03 5.20 6.40 28.93 1.48 Major Importers 5/ 22.24 129.30 93.95 163.05 217.45 7.04 21.01 Egypt 1.81 6.40 10.43 14.40 16.90 0.01 1.73 European Union 6/ 7.64 66.74 17.38 59.00 78.80 5.39 7.58 Japan 1.45 0.00 15.89 12.40 15.95 0.00 1.39 Mexico 5.16 26.66 16.53 25.60 43.80 1.03 3.52 Southeast Asia 7/ 3.37 29.35 17.26 37.70 45.55 0.61 3.81 South Korea 1.84 0.08 11.88 9.50 11.80 0.00 2.00 Selected Other 0.00 Canada 1.98 13.40 1.84 8.64 13.96 0.71 2.56 China 210.16 260.78 7.60 193.00 278.00 0.01 200.53 2020/21 Est. Beginning Stocks Production Imports Domes tic Feed Domes tic Total 2 / Exports Ending Stocks World 3/ 304.48 1,128.46 183.90 730.34 1,149.41 186.83 283.53 World Less China 103.95 867.79 157.90 524.34 860.41 186.81 85.36 United States 48.76 360.25 0.64 144.79 307.23 70.49 31.93 Total Foreign 255.72 768.21 183.27 585.55 842.18 116.34 251.60 Major Exporters 4/ 12.82 210.17 3.56 94.30 116.40 98.30 11.85 Argentina 3.62 47.00 0.01 10.50 14.50 34.00 2.12 Brazil 5.23 102.00 3.50 60.50 70.50 35.00 5.23 Russia 0.83 13.87 0.04 9.60 10.70 3.10 0.94 South Africa 1.66 17.00 0.00 7.00 12.80 3.20 2.66 Ukraine 1.48 30.30 0.02 6.70 7.90 23.00 0.89 Major Importers 5/ 21.01 127.88 90.60 159.70 214.30 5.07 20.12 Egypt 1.73 6.40 10.30 14.40 16.90 0.01 1.52 European Union 6/ 7.58 63.98 12.00 53.50 73.30 3.30 6.95 Japan 1.39 0.00 15.40 11.90 15.40 0.00 1.39 Mexico 3.52 27.00 16.50 25.30 43.50 0.90 2.62 Southeast Asia 7/ 3.81 30.35 20.50 41.00 49.10 0.86 4.70 South Korea 2.00 0.08 11.50 9.10 11.40 0.00 2.18 Selected Other 0.00 Canada 2.56 13.56 1.70 8.80 14.00 1.20 2.62 China 200.53 260.67 26.00 206.00 289.00 0.02 198.18 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2021 WASDE - 612 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Apr NA NA NA NA NA NA NA May 283.53 1,189.85 189.51 748.32 1,181.08 197.47 292.30 World Less China Apr NA NA NA NA NA NA NA May 85.36 921.85 163.51 537.32 887.08 197.45 94.15 United States Apr NA NA NA NA NA NA NA May 31.93 380.76 0.64 144.79 312.82 62.23 38.28 Total Foreign Apr NA NA NA NA NA NA NA May 251.60 809.09 188.87 603.53 868.27 135.24 254.02 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 11.85 238.40 1.77 95.30 118.70 116.80 16.52 Argentina Apr NA NA NA NA NA NA NA May 2.12 51.00 0.01 10.50 14.50 36.00 2.63 Brazil Apr NA NA NA NA NA NA NA May 5.23 118.00 1.70 62.00 73.00 43.00 8.93 Russia Apr NA NA NA NA NA NA NA May 0.94 14.90 0.05 9.90 11.10 4.10 0.69 South Africa Apr NA NA NA NA NA NA NA May 2.66 17.00 0.00 7.30 13.30 3.20 3.16 Ukraine Apr NA NA NA NA NA NA NA May 0.89 37.50 0.02 5.60 6.80 30.50 1.11 Major Importers 5/ Apr NA NA NA NA NA NA NA May 20.12 131.12 94.90 165.80 220.70 6.05 19.39 Egypt Apr NA NA NA NA NA NA NA May 1.52 6.40 10.40 14.40 16.90 0.01 1.42 European Union 6/ Apr NA NA NA NA NA NA NA May 6.95 66.70 16.00 58.00 77.90 4.30 7.45 Japan Apr NA NA NA NA NA NA NA May 1.39 0.00 15.90 12.40 15.95 0.00 1.34 Mexico Apr NA NA NA NA NA NA NA May 2.62 28.00 17.00 25.60 43.80 0.90 2.92 Southeast Asia 7/ Apr NA NA NA NA NA NA NA May 4.70 29.86 19.50 41.50 49.75 0.85 3.47 South Korea Apr NA NA NA NA NA NA NA May 2.18 0.08 11.70 9.50 11.80 0.00 2.15 Selected Other Canada Apr NA NA NA NA NA NA NA May 2.62 13.30 2.00 9.30 14.50 1.00 2.42 China Apr NA NA NA NA NA NA NA May 198.18 268.00 26.00 211.00 294.00 0.02 198.16 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2021 WASDE - 612 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 176.58 497.57 42.30 496.36 43.35 177.79 World Less China 61.58 350.84 39.70 351.13 40.75 61.29 United States 1.42 5.88 1.19 4.59 2.99 0.91 Total Foreign 175.15 491.69 41.12 491.77 40.36 176.88 Major Exporters 4/ 36.67 183.48 0.65 153.21 30.48 37.10 Burma 1.06 12.65 0.00 10.40 2.30 1.01 India 29.50 118.87 0.00 105.98 12.49 29.90 Pakistan 0.93 7.20 0.00 3.28 3.82 1.03 Thailand 4.08 17.66 0.25 12.30 5.71 3.98 Vietnam 1.10 27.10 0.40 21.25 6.17 1.18 Major Importers 5/ 127.82 239.80 13.97 249.65 3.18 128.75 China 115.00 146.73 2.60 145.23 2.60 116.50 European Union 6/ 1.19 1.99 2.00 3.39 0.53 1.26 Indonesia 4.06 34.70 0.55 36.00 0.00 3.31 Nigeria 1.22 5.04 1.40 6.85 0.00 0.81 Philippines 3.52 11.93 2.45 14.30 0.00 3.60 Sel. Mideast 7/ 0.89 2.34 3.97 5.98 0.00 1.22 Selected Other 0.00 Brazil 0.25 7.60 0.87 7.30 1.22 0.21 C. Amer & Carib 8/ 0.58 1.63 1.86 3.39 0.04 0.65 Egypt 0.95 4.30 0.30 4.30 0.02 1.23 Japan 2.05 7.61 0.71 8.35 0.03 1.98 Mexico 0.15 0.18 0.80 0.94 0.02 0.18 South Korea 1.09 3.74 0.45 4.10 0.06 1.14 2020/21 Est. Beginning Stocks Production Imports Total /2 Domes tic Exports Ending Stocks World 3/ 177.79 503.53 43.99 505.41 46.44 175.92 World Less China 61.29 355.23 40.79 355.21 44.04 60.52 United States 0.91 7.23 1.13 5.02 2.89 1.36 Total Foreign 176.88 496.31 42.85 500.39 43.55 174.56 Major Exporters 4/ 37.10 187.63 0.70 154.35 34.60 36.48 Burma 1.01 12.60 0.00 10.50 2.00 1.11 India 29.90 121.00 0.00 106.50 16.00 28.40 Pakistan 1.03 8.10 0.00 3.50 4.20 1.43 Thailand 3.98 18.83 0.20 12.60 6.00 4.41 Vietnam 1.18 27.10 0.50 21.25 6.40 1.13 Major Importers 5/ 128.75 240.62 15.25 254.90 2.92 126.80 China 116.50 148.30 3.20 150.20 2.40 115.40 European Union 6/ 1.26 1.96 1.95 3.45 0.50 1.22 Indonesia 3.31 35.20 0.70 35.80 0.00 3.41 Nigeria 0.81 4.89 1.80 6.85 0.00 0.65 Philippines 3.60 12.40 2.00 14.40 0.00 3.60 Sel. Mideast 7/ 1.22 2.31 3.60 6.10 0.00 1.02 Selected Other 0.00 Brazil 0.21 7.55 0.82 7.35 0.82 0.40 C. Amer & Carib 8/ 0.65 1.60 1.92 3.48 0.03 0.65 Egypt 1.23 4.00 0.25 4.30 0.02 1.16 Japan 1.98 7.57 0.69 8.25 0.08 1.90 Mexico 0.18 0.20 0.80 0.96 0.01 0.21 South Korea 1.14 3.51 0.45 4.00 0.06 1.04 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. May 2021 WASDE - 612 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Apr NA NA NA NA NA NA May 175.92 505.45 44.24 513.35 46.47 168.02 World Less China Apr NA NA NA NA NA NA May 60.52 356.45 41.54 357.35 44.07 59.32 United States Apr NA NA NA NA NA NA May 1.36 6.46 1.22 4.95 2.79 1.30 Total Foreign Apr NA NA NA NA NA NA May 174.56 498.98 43.02 508.40 43.68 166.72 Major Exporters 4/ Apr NA NA NA NA NA NA May 36.48 187.40 0.70 155.45 34.20 34.94 Burma Apr NA NA NA NA NA NA May 1.11 12.80 0.00 10.65 2.10 1.17 India Apr NA NA NA NA NA NA May 28.40 120.00 0.00 107.00 15.00 26.40 Pakistan Apr NA NA NA NA NA NA May 1.43 8.20 0.00 3.70 4.30 1.63 Thailand Apr NA NA NA NA NA NA May 4.41 19.50 0.20 12.90 6.50 4.71 Vietnam Apr NA NA NA NA NA NA May 1.13 26.90 0.50 21.20 6.30 1.03 Major Importers 5/ Apr NA NA NA NA NA NA May 126.80 242.37 15.20 261.12 2.97 120.27 China Apr NA NA NA NA NA NA May 115.40 149.00 2.70 156.00 2.40 108.70 European Union 6/ Apr NA NA NA NA NA NA May 1.22 1.99 2.10 3.50 0.55 1.26 Indonesia Apr NA NA NA NA NA NA May 3.41 35.30 0.60 35.60 0.00 3.71 Nigeria Apr NA NA NA NA NA NA May 0.65 5.00 2.00 6.95 0.00 0.70 Philippines Apr NA NA NA NA NA NA May 3.60 12.30 2.10 14.50 0.00 3.50 Sel. Mideast 7/ Apr NA NA NA NA NA NA May 1.02 2.25 3.85 6.17 0.00 0.95 Selected Other Brazil Apr NA NA NA NA NA NA May 0.40 7.65 0.70 7.40 0.90 0.45 C. Amer & Carib 8/ Apr NA NA NA NA NA NA May 0.65 1.67 1.93 3.51 0.02 0.71 Egypt Apr NA NA NA NA NA NA May 1.16 4.00 0.20 4.35 0.02 0.99 Japan Apr NA NA NA NA NA NA May 1.90 7.58 0.69 8.20 0.07 1.90 Mexico Apr NA NA NA NA NA NA May 0.21 0.22 0.80 0.97 0.01 0.25 South Korea Apr NA NA NA NA NA NA May 1.04 3.77 0.41 3.90 0.06 1.26 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. May 2021 WASDE - 612 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2019/20 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 80.02 121.42 40.74 102.95 41.45 -0.04 97.82 World Less China 44.35 94.17 33.60 69.95 41.29 -0.04 60.92 United States 4.85 19.91 3/ 2.15 15.53 -0.16 7.25 Total Foreign 75.17 101.50 40.73 100.80 25.92 0.13 90.57 Major Exporters 4/ 28.33 57.83 2.92 28.29 21.43 0.02 39.33 Central Asia 5/ 2.28 5.96 3/ 3.93 1.78 0.00 2.53 Afr. Fr. Zone 6/ 1.41 5.91 3/ 0.14 4.89 0.00 2.29 S. Hemis. 7/ 15.32 16.71 0.14 3.56 11.31 0.01 17.28 Australia 1.57 0.63 3/ 0.04 1.36 0.00 0.80 Brazil 12.26 13.78 0.01 2.70 8.94 0.00 14.40 India 9.00 28.80 2.28 20.00 3.20 0.00 16.88 Major Importers 8/ 44.87 40.62 35.44 68.86 3.18 0.11 48.79 Mexico 0.69 1.57 0.59 1.48 0.66 0.03 0.69 China 35.67 27.25 7.14 33.00 0.16 0.00 36.90 European Union 9/ 0.22 2.00 0.58 0.60 1.82 0.03 0.34 Turkey 1.69 3.45 4.67 6.60 0.45 0.00 2.77 Pakistan 2.50 6.20 3.98 9.20 0.06 0.03 3.39 Indonesia 0.53 3/ 2.51 2.40 0.00 0.00 0.64 Thailand 0.20 3/ 0.70 0.78 0.00 0.02 0.10 Bangladesh 1.78 0.14 7.50 6.90 0.00 0.01 2.52 Vietnam 1.23 3/ 6.48 6.60 0.00 0.00 1.11 2020/21 Est. Beginning Stocks Production Imports Domes tic Use Exports Los s /2 Ending Stocks World 97.82 113.11 46.01 117.41 46.21 0.14 93.16 World Less China 60.92 83.61 34.01 77.66 46.16 0.14 54.56 United States 7.25 14.61 3/ 2.30 16.25 0.01 3.30 Total Foreign 90.57 98.50 46.00 115.11 29.96 0.13 89.86 Major Exporters 4/ 39.33 55.63 1.56 32.33 25.90 0.02 38.26 Central Asia 5/ 2.53 5.75 3/ 4.17 1.73 0.00 2.39 Afr. Fr. Zone 6/ 2.29 4.77 3/ 0.14 4.85 0.00 2.07 S. Hemis. 7/ 17.28 16.26 0.16 3.91 13.35 0.01 16.43 Australia 0.80 2.50 3/ 0.04 1.40 0.00 1.87 Brazil 14.40 11.50 0.03 3.00 10.70 0.00 12.23 India 16.88 28.50 0.80 23.50 5.50 0.00 17.18 Major Importers 8/ 48.79 39.75 42.10 78.95 2.64 0.11 48.94 Mexico 0.69 1.02 0.85 1.70 0.43 0.03 0.41 China 36.90 29.50 12.00 39.75 0.05 0.00 38.60 European Union 9/ 0.34 1.68 0.59 0.64 1.66 0.03 0.29 Turkey 2.77 2.90 4.80 7.50 0.45 0.00 2.52 Pakistan 3.39 4.50 5.30 10.30 0.03 0.03 2.84 Indonesia 0.64 3/ 2.25 2.40 0.00 0.00 0.49 Thailand 0.10 3/ 0.60 0.58 0.00 0.03 0.10 Bangladesh 2.52 0.15 7.50 7.80 0.00 0.01 2.35 Vietnam 1.11 3/ 7.20 7.20 0.00 0.00 1.11 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. May 2021 WASDE - 612 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2021/22 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Apr NA NA NA NA NA NA NA May 93.16 119.44 45.51 121.48 45.51 0.13 90.99 World Less China Apr NA NA NA NA NA NA NA May 54.56 91.94 35.01 81.48 45.46 0.13 54.44 United States Apr NA NA NA NA NA NA NA May 3.30 17.00 3/ 2.50 14.70 0.00 3.10 filler filler filler filler filler filler filler Total Foreign Apr NA NA NA NA NA NA NA May 89.86 102.44 45.51 118.98 30.81 0.13 87.89 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 38.26 60.12 1.74 34.57 26.74 0.02 38.78 Central Asia 5/ Apr NA NA NA NA NA NA NA May 2.39 5.63 3/ 4.27 1.49 0.00 2.26 Afr. Fr. Zone 6/ Apr NA NA NA NA NA NA NA May 2.07 5.85 3/ 0.14 5.50 0.00 2.27 S. Hemis. 7/ Apr NA NA NA NA NA NA NA May 16.43 19.27 0.16 4.05 13.38 0.01 18.42 Australia Apr NA NA NA NA NA NA NA May 1.87 3.90 3/ 0.04 3.20 0.00 2.53 filler filler filler filler filler filler filler Brazil Apr NA NA NA NA NA NA NA May 12.23 13.25 0.03 3.10 9.00 0.00 13.40 India Apr NA NA NA NA NA NA NA May 17.18 29.00 1.00 25.50 6.00 0.00 15.68 Major Importers 8/ Apr NA NA NA NA NA NA NA May 48.94 39.20 41.30 80.44 2.46 0.11 46.43 Mexico Apr NA NA NA NA NA NA NA May 0.41 1.05 0.90 1.70 0.25 0.03 0.39 China Apr NA NA NA NA NA NA NA May 38.60 27.50 10.50 40.00 0.05 0.00 36.55 European Union 9/ Apr NA NA NA NA NA NA NA May 0.29 1.80 0.60 0.64 1.70 0.03 0.31 Turkey Apr NA NA NA NA NA NA NA May 2.52 3.40 5.00 8.00 0.40 0.00 2.52 Pakistan Apr NA NA NA NA NA NA NA May 2.84 5.30 5.00 10.50 0.05 0.03 2.57 Indonesia Apr NA NA NA NA NA NA NA May 0.49 3/ 2.50 2.50 0.01 0.00 0.49 Thailand Apr NA NA NA NA NA NA NA May 0.10 3/ 0.55 0.55 0.00 0.03 0.08 Bangladesh Apr NA NA NA NA NA NA NA May 2.35 0.15 7.60 8.00 0.00 0.01 2.09 Vietnam Apr NA NA NA NA NA NA NA May 1.11 3/ 7.60 7.50 0.00 0.00 1.22 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. May 2021 WASDE - 612 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 114.58 339.42 165.02 311.50 357.37 165.14 96.52 World Less China 95.13 321.32 66.49 220.00 248.17 165.05 69.72 United States 24.74 96.67 0.42 58.91 61.77 45.78 14.28 Total Foreign 89.84 242.75 164.60 252.59 295.59 119.36 82.24 Major Exporters 3/ 62.44 189.39 5.45 88.35 98.40 110.68 48.20 Argentina 28.89 48.80 4.88 38.77 45.87 10.00 26.70 Brazil 32.47 128.50 0.55 46.00 48.65 92.14 20.74 Paraguay 1.06 10.10 0.01 3.50 3.80 6.62 0.75 Major Importers 4/ 22.07 21.76 131.92 120.06 145.96 0.34 29.45 China 19.46 18.10 98.53 91.50 109.20 0.09 26.80 European Union 1.52 2.62 14.95 15.60 17.32 0.23 1.54 Southeast Asia 0.74 0.60 9.36 4.50 9.85 0.02 0.83 Mexico 0.18 0.24 5.75 6.00 6.05 0.00 0.11 2020/21 Est. Beginning Stocks Production Imports Domes tic C rus h Domes tic Tota l Exports Ending Stocks World 2/ 96.52 362.95 167.77 322.40 369.33 171.36 86.55 World Less China 69.72 343.35 67.77 226.40 254.83 171.26 54.75 United States 14.28 112.55 0.95 59.60 62.47 62.05 3.25 Total Foreign 82.24 250.40 166.82 262.80 306.86 109.31 83.29 Major Exporters 3/ 48.20 195.03 5.42 91.63 101.78 101.01 45.85 Argentina 26.70 47.00 4.70 41.50 48.70 6.35 23.35 Brazil 20.74 136.00 0.70 46.75 49.40 86.00 22.04 Paraguay 0.75 9.90 0.01 3.30 3.60 6.60 0.46 Major Importers 4/ 29.45 23.23 133.87 125.56 152.31 0.35 33.90 China 26.80 19.60 100.00 96.00 114.50 0.10 31.80 European Union 1.54 2.58 14.95 16.20 17.92 0.23 0.92 Southeast Asia 0.83 0.58 9.67 4.81 10.19 0.02 0.87 Mexico 0.11 0.24 6.00 6.20 6.25 0.00 0.10 2021/22 Proj. Beginning Stocks Production Imports Domes tic C rus h Domes tic Tota l Exports Ending Stocks World 2/ Apr NA NA NA NA NA NA NA May 86.55 385.53 172.71 331.69 380.78 172.90 91.10 World Less China Apr NA NA NA NA NA NA NA May 54.75 366.53 69.71 231.69 261.08 172.80 57.10 United States Apr NA NA NA NA NA NA NA May 3.25 119.88 0.95 60.56 63.81 56.47 3.81 Total Foreign Apr NA NA NA NA NA NA NA May 83.29 265.64 171.76 271.14 316.97 116.43 87.29 Major Exporters 3/ Apr NA NA NA NA NA NA NA May 45.85 209.10 5.37 94.03 104.33 108.38 47.61 Argentina Apr NA NA NA NA NA NA NA May 23.35 52.00 4.70 42.50 49.85 6.35 23.85 Brazil Apr NA NA NA NA NA NA NA May 22.04 144.00 0.65 47.70 50.35 93.00 23.34 Paraguay Apr NA NA NA NA NA NA NA May 0.46 10.50 0.01 3.75 4.05 6.50 0.42 Major Importers 4/ Apr NA NA NA NA NA NA NA May 33.90 22.87 137.35 129.71 157.68 0.35 36.09 China Apr NA NA NA NA NA NA NA May 31.80 19.00 103.00 100.00 119.70 0.10 34.00 European Union Apr NA NA NA NA NA NA NA May 0.92 2.80 15.00 15.90 17.62 0.23 0.87 Southeast Asia Apr NA NA NA NA NA NA NA May 0.87 0.53 9.85 4.98 10.36 0.02 0.87 Mexico Apr NA NA NA NA NA NA NA May 0.10 0.30 6.20 6.40 6.45 0.00 0.15 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to rounding. May 2021 WASDE - 612 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.76 244.49 62.01 240.58 67.90 11.78 World Less China 13.76 172.03 61.96 169.07 66.89 11.78 United States 0.37 46.36 0.58 34.22 12.77 0.31 Total Foreign 13.39 198.14 61.43 206.36 55.13 11.47 Major Exporters 3/ 5.98 72.24 0.03 27.37 45.85 5.04 Argentina 2.06 29.87 0.00 3.20 27.46 1.27 Brazil 3.54 35.65 0.01 18.50 17.50 3.20 India 0.38 6.72 0.02 5.67 0.89 0.57 Major Importers 4/ 2.16 22.44 37.13 59.02 1.10 1.62 European Union 0.86 12.32 16.33 28.32 0.88 0.33 Mexico 0.26 4.75 1.82 6.73 0.01 0.10 Southeast Asia 5/ 1.01 3.51 17.12 20.38 0.21 1.05 China 0.00 72.47 0.05 71.51 1.01 0.00 2020/21 Est. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ 11.78 253.12 63.28 248.75 68.10 11.33 World Less China 11.78 177.09 63.22 173.66 67.10 11.33 United States 0.31 46.96 0.59 34.56 12.93 0.36 Total Foreign 11.47 206.17 62.69 214.19 55.17 10.97 Major Exporters 3/ 5.04 75.71 0.06 28.83 46.55 5.43 Argentina 1.27 31.95 0.00 3.28 28.25 1.69 Brazil 3.20 36.24 0.02 19.70 16.50 3.26 India 0.57 7.52 0.04 5.85 1.80 0.48 Major Importers 4/ 1.62 23.23 37.50 59.56 1.03 1.75 European Union 0.33 12.81 16.70 28.54 0.80 0.49 Mexico 0.10 4.90 1.88 6.75 0.01 0.12 Southeast Asia 5/ 1.05 3.75 17.07 20.66 0.22 0.99 China 0.00 76.03 0.06 75.09 1.00 0.00 2021/22 Proj. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ Apr NA NA NA NA NA NA May 11.33 260.32 64.67 255.29 69.59 11.44 World Less China Apr NA NA NA NA NA NA May 11.33 181.12 64.61 177.03 68.59 11.44 United States Apr NA NA NA NA NA NA May 0.36 47.63 0.41 35.02 12.97 0.41 Total Foreign Apr NA NA NA NA NA NA May 10.97 212.69 64.27 220.27 56.62 11.04 Major Exporters 3/ Apr NA NA NA NA NA NA May 5.43 77.46 0.05 29.87 47.55 5.51 Argentina Apr NA NA NA NA NA NA May 1.69 32.73 0.00 3.38 29.20 1.84 Brazil Apr NA NA NA NA NA NA May 3.26 36.97 0.02 20.25 16.65 3.34 India Apr NA NA NA NA NA NA May 0.48 7.76 0.03 6.24 1.70 0.34 Major Importers 4/ Apr NA NA NA NA NA NA May 1.75 23.34 38.23 60.26 1.09 1.97 European Union Apr NA NA NA NA NA NA May 0.49 12.57 17.00 28.54 0.85 0.67 Mexico Apr NA NA NA NA NA NA May 0.12 5.06 1.93 7.00 0.01 0.09 Southeast Asia 5/ Apr NA NA NA NA NA NA May 0.99 3.88 17.50 21.09 0.24 1.05 China Apr NA NA NA NA NA NA May 0.00 79.20 0.06 78.26 1.00 0.00 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. May 2021 WASDE - 612 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 4.30 58.36 11.50 57.35 12.31 4.51 World Less China 3.80 41.97 10.50 40.26 12.15 3.86 United States 0.81 11.30 0.15 10.12 1.29 0.84 Total Foreign 3.50 47.06 11.36 47.23 11.02 3.67 Major Exporters 3/ 1.07 20.18 0.55 12.42 8.12 1.26 Argentina 0.43 7.70 0.00 2.18 5.40 0.55 Brazil 0.32 8.85 0.07 7.77 1.16 0.32 European Union 0.26 2.96 0.48 2.43 0.93 0.35 Major Importers 4/ 1.21 19.45 7.07 25.94 0.47 1.32 China 0.50 16.40 1.00 17.09 0.16 0.65 India 0.14 1.51 3.61 5.10 0.02 0.15 North Africa 5/ 0.29 1.07 1.79 2.50 0.29 0.36 2020/21 Est. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ 4.51 60.49 11.93 59.67 12.80 4.46 World Less China 3.86 43.29 10.83 41.51 12.70 3.76 United States 0.84 11.57 0.16 10.71 1.04 0.82 Total Foreign 3.67 48.92 11.77 48.96 11.76 3.64 Major Exporters 3/ 1.26 20.91 0.66 12.42 9.15 1.26 Argentina 0.55 8.20 0.00 1.95 6.25 0.55 Brazil 0.32 9.00 0.21 7.91 1.28 0.34 European Union 0.35 3.08 0.45 2.51 1.00 0.37 Major Importers 4/ 1.32 20.55 7.20 27.36 0.32 1.39 China 0.65 17.20 1.10 18.15 0.10 0.70 India 0.15 1.69 3.70 5.33 0.02 0.20 North Africa 5/ 0.36 1.12 1.65 2.57 0.21 0.36 2021/22 Proj. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ Apr NA NA NA NA NA NA May 4.46 62.25 12.06 61.87 12.82 4.09 World Less China Apr NA NA NA NA NA NA May 3.76 44.33 10.88 42.95 12.67 3.36 United States Apr NA NA NA NA NA NA May 0.82 11.77 0.27 11.52 0.66 0.69 Total Foreign Apr NA NA NA NA NA NA May 3.64 50.48 11.79 50.35 12.16 3.40 Major Exporters 3/ Apr NA NA NA NA NA NA May 1.26 21.31 0.50 12.61 9.29 1.17 Argentina Apr NA NA NA NA NA NA May 0.55 8.40 0.00 2.01 6.40 0.54 Brazil Apr NA NA NA NA NA NA May 0.34 9.18 0.05 7.94 1.30 0.33 European Union Apr NA NA NA NA NA NA May 0.37 3.02 0.45 2.61 0.95 0.29 Major Importers 4/ Apr NA NA NA NA NA NA May 1.39 21.43 7.26 28.31 0.44 1.33 China Apr NA NA NA NA NA NA May 0.70 17.92 1.18 18.92 0.15 0.73 India Apr NA NA NA NA NA NA May 0.20 1.75 3.73 5.45 0.02 0.21 North Africa 5/ Apr NA NA NA NA NA NA May 0.36 1.22 1.58 2.61 0.28 0.26 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. May 2021 WASDE - 612 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2020 II 6,059 6,313 12,424 10,940 1,369 12,446 24,870 2,254 56.1 III 7,115 7,048 14,213 11,358 1,454 12,958 27,172 2,311 55.4 IV 7,069 7,515 14,633 11,047 1,451 12,630 27,263 2,371 55.6 Annual 27,174 28,303 55,680 44,583 5,743 50,876 106,556 9,283 223.2 2021 I 6,895 7,291 14,235 10,885 1,390 12,402 26,637 2,306 56.7 II* 6,940 6,660 13,652 11,180 1,380 12,693 26,345 2,315 58.2 III* 7,045 6,965 14,061 11,445 1,410 12,995 27,056 2,335 56.7 IV* 7,020 7,305 14,376 11,255 1,450 12,835 27,211 2,385 56.3 Annual Apr Proj. 27,640 28,275 56,115 44,780 5,655 50,973 107,088 9,355 227.7 May Proj. 27,900 28,221 56,324 44,765 5,630 50,925 107,249 9,341 227.9 2022 I* 6,820 7,295 14,166 11,025 1,405 12,560 26,726 2,340 57.4 Annual Apr Proj. NA NA NA NA NA NA NA NA NA May Proj. 27,335 28,545 56,084 45,300 5,690 51,535 107,619 9,470 230.3 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2020 II 105.79 38.96 67.0 103.7 119.6 15.43 III 101.74 40.50 66.7 111.3 89.0 18.97 IV 108.18 50.75 75.7 113.6 107.2 19.80 Annual 108.51 43.18 73.2 106.5 112.2 18.24 2021 I 112.98 55.71 84.0 110.1 127.8 17.33 II* 118.00 79.00 105.0 116.0 95.0 18.95 III* 114.00 74.00 94.0 116.0 103.0 19.50 IV* 120.00 60.00 88.0 115.0 124.0 19.95 Annual Apr Proj. 116.00 65.50 84.5 112.0 111.0 18.40 May Proj. 116.3 67.2 92.7 114.3 112.5 18.95 2022 I* 125.00 58.00 91.0 113.0 121.0 18.85 Annual Apr Proj. NA NA NA NA NA NA May Proj. 122 56 93 116 115 18.50 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8 -16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. May 2021 WASDE - 612 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2020 642 27,244 3,343 31,228 2,956 716 27,557 58.4 2021 Proj. Apr 716 27,709 2,900 31,325 3,145 650 27,530 58.1 May 716 27,970 2,961 31,647 3,227 665 27,755 58.6 2022 Proj. Apr NA NA NA NA NA NA NA NA May 665 27,405 2,950 31,020 3,225 670 27,125 57.1 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2020 646 28,318 904 29,869 7,282 467 22,119 52.0 2021 Proj. Apr 467 28,289 965 29,722 7,250 445 22,027 51.5 May 467 28,236 967 29,670 7,427 415 21,828 51.1 2022 Proj. Apr NA NA NA NA NA NA NA NA May 415 28,560 990 29,965 7,425 445 22,095 51.5 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2020 1,330 55,774 4,548 61,652 10,241 1,217 50,194 111.8 2021 Proj. Apr 1,217 56,208 4,141 61,566 10,400 1,128 50,038 110.9 May 1,217 56,419 4,182 61,818 10,658 1,113 50,046 110.9 2022 Proj. Apr NA NA NA NA NA NA NA NA May 1,113 56,179 4,217 61,509 10,656 1,154 49,699 109.9 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2020 937 44,106 145 45,188 7,371 830 36,987 96.2 2021 Proj. Apr 830 44,301 128 45,259 7,305 780 37,174 96.2 May 830 44,286 131 45,246 7,354 760 37,132 96.2 2022 Proj. Apr NA NA NA NA NA NA NA NA May 760 44,815 133 45,708 7,450 795 37,463 96.7 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2020 233 5,743 21 5,997 572 223 5,202 15.8 2021 Proj. Apr 223 5,655 20 5,898 575 230 5,093 15.3 May 223 5,630 20 5,873 560 230 5,083 15.3 2022 Proj. Apr NA NA NA NA NA NA NA NA May 230 5,690 21 5,941 580 225 5,136 15.4 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2020 1,175 50,398 167 51,740 8,018 1,057 42,665 113.4 2021 Proj. Apr 1,057 50,493 151 51,701 7,944 1,015 42,742 113.0 May 1,057 50,445 154 51,656 7,976 995 42,685 113.0 2022 Proj. Apr NA NA NA NA NA NA NA NA May 995 51,050 157 52,202 8,090 1,025 43,087 113.6 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2020 2,504 106,172 4,716 113,392 18,259 2,274 92,859 225.2 2021 Proj. Apr 2,274 106,701 4,292 113,267 18,344 2,143 92,780 223.9 May 2,274 106,864 4,335 113,473 18,634 2,108 92,732 223.9 2022 Proj. Apr NA NA NA NA NA NA NA NA May 2,108 107,228 4,374 113,710 18,746 2,179 92,785 223.5 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready- to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. May 2021 WASDE - 612 - 33 U.S. Egg Supply and Use Commodity 2019 2020 2021 Proj. 2021 Proj. 2022 Proj. 2022 Proj. Apr May Apr May Eggs Million Dozen Supply Beginning Stocks 22.7 31.6 24.5 24.5 NA 22.0 Production 9,441.8 9,283.4 9,355.0 9,341.0 NA 9,470.0 Imports 14.6 15.4 16.0 16.2 NA 16.0 Total Supply 9,479.1 9,330.4 9,395.5 9,381.7 NA 9,508.0 Use Exports 333.9 344.0 360.0 378.8 NA 365.0 Hatching Use 1,081.2 1,078.5 1,098.0 1,106.6 NA 1,140.0 Ending Stocks 31.6 24.5 22.0 22.0 NA 24.0 Disappearance Total 8,032.5 7,883.4 7,915.5 7,874.3 NA 7,979.0 Per Capita (number) 293.4 286.5 286.3 285.1 NA 287.8 Tota l U.S. Milk Supply and Use Commodity 2019 2020 2021 Proj. 2021 Proj. 2022 Proj. 2022 Proj. Apr May Apr May Milk Billion Pounds Production 218.4 223.2 227.7 227.9 NA 230.3 Farm Use 1.0 1.1 1.0 1.1 NA 1.1 Fat Basis Supply Beg. Commercial Stocks 13.8 13.6 15.6 15.6 NA 15.0 Marketings 217.4 222.1 226.7 226.8 NA 229.2 Imports 6.9 6.8 6.0 6.2 NA 5.9 Total Cml. Supply 238.1 242.5 248.3 248.6 NA 250.1 Fat Basis Use Commercial Exports 9.1 9.3 10.7 10.8 NA 10.3 Ending Commercial Stocks 13.6 15.6 15.1 15.0 NA 15.0 CCC Donations 0.2 0.3 0.0 0.0 NA 0.0 Domestic Commercial Use 215.2 217.4 222.5 222.8 NA 224.8 Skim -solid Basis Supply Beg. Commercial Stocks 10.7 10.2 10.8 10.9 NA 10.5 Marketings 217.4 222.1 226.7 226.8 NA 229.2 Imports 5.8 5.6 5.3 5.5 NA 5.4 Total Cml. Supply 233.9 237.9 242.9 243.2 NA 245.1 Skim -solid Basis Use Commercial Exports 41.5 47.2 49.8 49.5 NA 50.0 Ending Commercial Stocks 10.2 10.9 10.6 10.5 NA 10.4 CCC Donations 0.2 0.1 0.0 0.0 NA 0.0 Domestic Commercial Use 182.0 179.7 182.5 183.2 NA 184.7 Tota l CCC Donations include purchases made through the USDA Trade Mitigation program. They do not include products purchased under other programs. Dairy domestic commercial use for 2020 includes additional milk marketed but not processed. Note: Totals may not add due to rounding. May 2021 WASDE - 612 - 34 U.S. Dairy Prices Commodity 2019 2020 2021 Proj. 2021 Proj. 2022 Proj. 2022 Proj. Apr May Apr May Product Prices 1/ Dollars Per Pound Cheese 1.7586 1.9236 1.710 1.740 NA 1.715 Butter 2.2431 1.5808 1.730 1.710 NA 1.790 Nonfat Dry Milk 1.0419 1.0417 1.160 1.240 NA 1.195 Dry Whey 0.3799 0.3621 0.525 0.575 NA 0.475 Filler Dollars Per Cwt Milk Prices 2/ Class III 16.96 18.16 17.10 17.70 NA 16.85 Class IV 16.30 13.49 15.15 15.75 NA 15.70 All Milk 3/ 18.65 18.24 18.40 18.95 NA 18.50 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated pla nts for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . May 2021 WASDE - 612 - 35 Reliability of May Projections 1/ Note: Tables on pages 35 -37 present a record of the May projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 3.1 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 5.2 percent. The average difference between the May pr ojection a nd the final estimate is 16.3 million tons, ranging from 1.7 million to 35 million tons. The May projection has been below the estimate 24 times an d above 16 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 3.1 5.2 16.3 1.7 35.0 24 16 U.S. 6.6 11.1 2.9 0.0 9.8 21 19 Foreign 3.2 5.5 15.1 1.6 32.9 23 17 Exports World 6.0 10.1 6.1 0.1 17.6 27 13 U.S. 12.3 20.8 3.0 0.0 10.2 23 16 Foreign 6.9 11.7 5.8 0.4 17.8 28 12 Domestic Use World 2.2 3.8 10.7 0.3 28.3 25 15 U.S. 7.2 12.1 1.7 0.1 6.4 20 20 Foreign 2.2 3.8 10.2 0.2 28.0 26 14 Ending Stocks World 9.9 16.9 12.2 0.2 35.9 24 16 U.S. 20.5 34.8 3.6 0.1 14.1 22 18 Foreign 10.1 17.1 10.5 2.5 31.0 24 16 COARSE GRAINS 2/ Production World 3.7 6.2 26.8 1.1 103.6 19 21 U.S. 13.9 23.6 21.5 0.9 103.8 21 19 Foreign 2.7 4.6 14.6 0.2 42.8 19 21 Exports World 7.5 12.8 7.8 1.3 20.9 28 12 U.S. 27.3 46.3 8.5 0.1 29.5 18 22 Foreign 13.4 22.8 6.5 0.3 20.8 27 13 Domestic Use World 2.0 3.4 15.5 0.4 68.4 21 19 U.S. 5.9 10.0 8.1 0.2 38.4 24 16 Foreign 2.1 3.5 12.5 0.5 32.8 21 19 Ending Stocks World 21.0 35.7 26.1 2.6 155.8 24 16 U.S. 58.2 98.7 17.4 1.3 57.6 19 21 Foreign 18.3 31.1 14.5 0.0 145.0 27 13 RICE, milled Production World 2.4 4.0 6.8 0.0 21.8 24 16 U.S. 7.9 13.5 0.4 0.0 1.1 22 18 Foreign 2.4 4.1 6.8 0.4 22.0 24 16 Exports World 9.6 16.3 1.8 0.1 7.5 29 11 U.S. 11.7 19.9 0.3 0.0 1.0 19 16 Foreign 10.4 17.6 1.7 0.2 7.1 29 11 Domestic Use World 1.9 3.1 4.8 0.0 19.4 27 13 U.S. 9.4 15.9 0.2 0.0 0.7 15 24 Foreign 1.9 3.2 4.8 0.2 20.0 28 12 Ending Stocks World 14.1 23.9 6.4 0.1 26.7 27 13 U.S. 35.6 60.4 0.3 0.0 0.9 21 17 Foreign 15.4 26.1 6.5 0.1 26.3 27 13 1/ Footnotes at end of table. CONTINUED May 2021 WASDE - 612 - 36 Reliability of May Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World NA NA 10.6 0.4 23.1 7 5 U.S. 9.0 15.3 4.8 0.0 16.1 21 19 Foreign NA NA 6.2 0.2 16.9 8 4 Exports World NA NA 5.7 0.4 10.6 10 2 U.S. 15.5 26.4 3.4 0.0 11.3 21 18 Foreign NA NA 3.7 0.7 12.3 10 2 Domestic Use World NA NA 6.8 1.2 12.1 6 6 U.S. 6.2 10.5 2.0 0.2 7.5 25 15 Foreign NA NA 6.3 0.2 11.3 6 6 Ending Stocks World NA NA 10.3 2.0 20.7 6 6 U.S. 71.6 121.5 3.5 0.2 13.3 13 27 Foreign NA NA 6.5 0.1 15.7 8 4 COTTON Million 480 -Pound Bales Production World 6.2 10.5 4.4 0.1 16.7 23 17 U.S. 12.2 20.6 1.7 0.1 5.5 19 21 Foreign 6.2 10.5 3.4 0.1 12.2 21 19 Exports World 10.2 17.2 2.2 0.1 12.4 23 17 U.S. 29.1 49.4 1.4 0.1 3.9 23 17 Foreign 13.1 22.2 1.7 0.1 10.4 22 18 Domestic Use World 4.9 8.3 3.3 0.1 17.2 16 24 U.S. 10.3 17.4 0.5 0.0 1.4 17 22 Foreign 4.9 8.4 3.3 0.0 16.6 18 22 Ending Stocks World 17.6 29.8 6.6 1.0 18.1 26 14 U.S. 45.0 76.3 1.5 0.0 4.3 18 22 Foreign 16.7 28.3 5.5 0.1 17.2 26 14 1/ Marketing years 1981/82 through 2020/21 for grains, soybeans (U.S. only), and cotton. Marketing years 2009/10 through 2019/20 for global and foreign soybeans. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2019/20, and for 2020/21 the last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. May 2021 WASDE - 612 - 37 Reliability of United States May Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 14.8 25.1 772 8 4,010 17 23 Exports 28.6 48.5 310 0 1,100 19 20 Domestic Use 6.3 10.6 317 11 1,538 25 15 Ending Stocks 68.9 116.9 631 41 2,091 19 21 SORGHUM Production 19.8 33.7 84 0 228 20 19 Exports 35.8 60.8 48 0 190 20 19 Domestic Use 26.8 45.5 55 0 162 16 23 Ending Stocks 69.7 118.3 47 1 238 15 25 BARLEY Production 14.0 23.8 26 1 206 16 24 Exports 76.5 129.8 13 0 92 21 15 Domestic Use 11.4 19.3 28 0 95 18 21 Ending Stocks 22.0 37.3 22 0 78 18 21 OATS Production 25.2 42.7 30 1 231 9 31 Exports 109.2 185.3 1 0 8 9 12 Domestic Use 10.5 17.8 20 0 160 13 26 Ending Stocks 35.1 59.6 17 0 77 13 23 SOYBEAN MEAL Thousand Short Tons Production 5.6 9.5 1,294 0 5,344 26 13 Exports 17.5 29.7 971 0 2,750 24 15 Domestic Use 4.4 7.4 836 24 4,950 22 18 Ending Stocks 41.7 70.8 55 0 388 12 17 SOYBEAN OIL Million Pounds Production 5.3 9.0 647 18 2,500 28 12 Exports 34.8 59.1 478 25 1,700 23 17 Domestic Use 4.0 6.8 482 8 1,800 24 16 Ending Stocks 36.0 61.2 447 24 1,702 24 16 ANIMAL PROD. Million Pounds Beef 3.8 6.4 711 40 2,727 18 9 Pork 3.2 5.4 497 40 1,722 17 9 Broilers 2.4 4.1 674 75 1,640 12 15 Turkeys 4.0 6.8 171 2 500 12 15 Million Dozen Eggs 1.7 2.9 107 2 325 17 10 Billion Pounds Milk 1.6 2.7 2.4 0.2 6.7 13 14 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2020/21 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2020/21. Calendar years 1994 through 2020 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1994 -2020. WASDE- 612-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Fore ign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. I PAD is lo cated at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ To subscribe to receive WASDE -related notifications by email or text message visit https://public.govdelivery.com/accounts/USDAOC/subscriber/new?topic_id=USDAOC_223 . Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at 202 -720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE -612 – May 12, 2021 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202 - 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250 -9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554-9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 530 Approved by the World Agricultural Outlook Board June 11, 2014 Note: Because planting is still underway in the Northern Hemisphere and remains several months away in the Southern Hemisphere, these projections are highly tentat ive. National Agricultural Statistics Service (NASS) forecasts are used for U.S. winter wheat area, yield, and production. For other U.S. crops, methods used to project acreage and yield are noted on each table. WHEAT: Projected U.S. wheat supplies for 2014/15 are lowered this month as an increase in beginning stocks is more than offset by a reduc tion in forecast winter wheat production. Beginning stocks are raised with a 10-million- bushel reduction in 2013/14 food use and offsetting 5-million-bushel reductions in 2013/14 imports and exports. Projected production for 2014/15 is down 21 million bushels as reduced prospec ts for Hard Red Winter (HRW) wheat in the Southern and Central Plains and White Winter wheat in the Pacific Northwest more than outweigh higher forecast Soft Red Winter w heat production across the South and Midwest. Projected food use is lower ed 10 million bushels for 2014/15 and for 2013/14. This month’s reduced outlook for food use assumes a higher flour extraction rate for both marketing years. Exports for 2014/15 are project ed 25 million bushels lower with tighter supplies of HRW wheat and stronger competition from major exporters. Projected ending stocks are raised 34 million bushels. The projected range for the 2014/15 s eason-average farm price is lowered 30 cents on both ends to $6.35 to $7.65 per bushel based on the larger expected carryout, higher global production, and recent sharp declines in futures prices. Global wheat supplies for 2014/15 are raised 4.1 m illion tons as a 5.2-million-ton increase in foreign production is only partly offset by a 0. 8-million-ton reduction in foreign beginning stocks and this month’s lower U.S. production outlook. Beginning stocks are lowered for Australia, Russia, and Turkey with increases in 2013/14 ex ports this month. World production for 2014/15 is projected at 701.6 milli on tons, up 4.6 million from la st month with increases for India, the European Union, China, and Russia more than offsetting the decline in U.S. output. India production is raised 1.9 million tons based on the latest official government estimate. European Union production is raised 1.4 million tons as spring and early summer rainfall support higher yield outlooks for France, Ge rmany, Poland, Romania, and Bulgaria. Production for China and Russia is raised 1.0 million tons each as favorable growing conditions also support higher expected yields. Dr. Gerald Bange retired as Chairperson for the Wo rld Agricultural Outlook Board on May 31, 2014. A USDA employee since 1971, Dr. Bange worked for USDA’s Agricultural Research Service and Foreign Agricultural Service before joining the Board in 1983. Dr. Bange was appointed Chairpers on in 1994 and supervised the publication of 221 consecutive WASDE reports. Under his leadership, the WASDE report has become the authoritative source in t he United States and around the world for commodity market outlook and intelligence. WASDE-530-2 Global wheat trade and consumption for 2014/15 are ra ised with larger foreign supplies. Trade and consumption are also raised for 2013/14. In creases in world imports and exports for 2014/15 are relatively small, but world consumpt ion is raised 2.9 million tons with increased feeding expected in China and the European Union and increased food use projected for India, all supported by larger crops. Exports for 2014/15 are raised 0.5 million tons each for the European Union and Russia, more than offsetti ng this month’s reduction in U.S. export prospects. World ending stocks for 2014/15 are proj ected 1.2 million tons higher with much of the increase in the United States. At 188.6 m illion tons, global stocks are up 2.6 million year- to-year. COARSE GRAINS: The outlook for 2014/15 U.S. feed grain supplies is virtually unchanged this month with only small changes made to bar ley and oats imports and exports for 2013/14. Other feed grain balance sheet it ems are unchanged for both marketing years. Projected corn production for 2014/15 is unchanged at a record 13, 935 million bushels. T he projected U.S. corn yield remains at 165.3 bushels per acre as a slightly slower-than-normal mid-May planting progress is expected to be offset by very favo rable early season crop and weather conditions. U.S. crop conditions in the most recent Crop Progress report are the best in 4 years for the aggregated 18 reported states and better than any time since 2007 for the Corn Belt. The projected range for the 2014/15 season-average fa rm price is unchanged at $3.85 to $4.55 per bushel and below this month’s lower project ed 2013/14 range of $4.45 to $4.65 per bushel. The 2013/14 price range is lowered 10 cents per bushel at the midpoint based on prices reported to date and the recent decline in nearby cash and futures prices. Global coarse grain supplies for 2014/15 are pr ojected 2.3 million tons higher mostly with larger corn beginning stocks and production. Higher 2013/14 corn production for Brazil and India raise 2014/15 beginning stocks for both c ountries. Lower 2013/14 corn exports for Argentina also add to 2014/15 beginning stocks. Higher 2013/14 corn imports boost 2014/15 beginning stocks for Colombia, Egypt, and Turkey. Ukraine and China 2014/15 corn beginning stocks are lowered with higher 2013/14 exports for Ukraine and lower 2013/14 imports for China. Despite an increase in 2013/14 South Africa corn production, 2014/15 beginning stocks decline with higher 2013/ 14 consumption and exports. Global corn production for 2014/15 is raised 2.0 m illion tons with increases for Ukraine, the European Union, and Russia. Ukraine and Russi a production are raised 1.0 million tons and 0.5 million tons, respectively, on higher expect ed yields as the latest trade data for both countries confirm further expansion in the use of imported hybrid seed corn. European Union production is raised 0.6 million tons with increas es for Germany and central Europe reflecting improved early season growing conditions in the r egion. Serbia corn output is reduced slightly with less expected area. Global 2014/15 coarse grain trade is mostly unc hanged this month except for small increases in corn and barley imports for Turkey. Global corn consumption is raised 1.8 million tons with increased feed use projected for Turkey, the Eu ropean Union, Ukraine, and Russia. Global corn ending stocks for 2014/15 are projected 0. 9 million tons higher with increases for Argentina, Brazil, Colombia, Egypt, India, and Ru ssia partly offset by reductions for China, Ukraine, and South Africa. RICE: Rice supply and use 2014/15 balance sheets are changed little from last month. All rice beginning stocks for 2014/15 are raised 3.0 million cw t, long-grain rice stocks are raised 2.0 WASDE-530-3 million, and combined medium- and short-grai n stocks are up 1.0 million. The 2014/15 beginning stocks changes flow through the balance sheets to 2014/15 ending stocks. All rice 2014/15 ending stocks are raised 3.0 million cwt to 37.3 million—the largest stocks since 2011/12. Long-grain ending stocks are raised 2.0 m illion cwt to 26.3 million—the largest since 2010/11. Combined medium- and short-grain endi ng stocks are raised 1.0 million cwt to 8.7 million. All rice 2013/14 exports are lowered 3.0 million cwt to 92.0 million, long-grain exports are lowered 2.0 million to 62.0 million, and combi ned medium- and short-grain rice exports are lowered 1.0 million to 30.0 million. Rough rice exports and milled rice exports for 2013/14 are each lowered 1.5 million cwt to 31.5 milli on and 60.5 million (rough-equivalent basis), respectively. U.S. exports and export commitm ents to Central America, Africa, Venezuela, and Northeast Asia are lagging through May compared to a year ago. The 2014/15 U.S. long-grain rice season-average fa rm price is projected at $12.80 to $13.80 per cwt, down 70 cents per cwt on each end from a month ago and compares to a revised $15.10 to $15.70 per cwt for 2013/14. The 2014/15 combined medium- and short-grain rice season-average farm price is $18.20 to $19.20 per cwt, a decrease of 30 cents per cwt on each end from last month and compares to a revised $17.40 to $18.00 per cwt for 2013/14. The 2014/15 U.S. all rice season-average farm pr ice is projected at $14.40 to $15.40 per cwt, down 60 cents per cwt on each end from a mont h ago and compares to a revised $15.70 to $16.30 per cwt for 2013/14. Global 2014/15 rice supply and use is little changed from a month ago. Global rice production is projected at a record 480.7 million t ons, unchanged from a month ago. Global 2014/15 trade (imports and exports) are unchanged from a month ago. Global 2014/15 consumption is lowered slightly from last month. Ending stocks for 2014/15 are raised 0.9 million tons due mostly to an increase for India. Rice producti on for 2013/14 in India is raised 1.3 million tons to a record 106.3 million tons based on official statistics from the government of India. OILSEEDS: This month’s U.S. soybean supply and use projections for 2014/15 include a small reduction in beginning and ending stocks. Low er beginning stocks reflect a higher crush projection for 2013/14. Soybean crush for 2013/14 is raised 5 million bushels to 1,700 million reflecting an increase in projected soybean meal exports. Soybean meal exports are projected at 11.5 million short tons, up 0.4 million from last month reflecting stronger-than-expected shipments this spring. Soybean ending st ocks for 2013/14 are projected at 125 million bushels, down 5 million from last month. Endi ng stocks for 2014/15 are also reduced 5 million bushels to 325 million. The 2014/15 season-average price for soybeans is projected at $9.75 to $11.75 per bushel, unchanged from last month. Soybean meal and so ybean oil prices are projected at $355 to $395 per short ton, and 37 to 41 cents per pound, re spectively. Product price projections are also unchanged from last month. Global oilseed production for 2014/15 is projected at 516.0 million tons, up 0. 8 million from last month. Rapeseed production for the European Uni on is raised 0.5 million tons to 22.0 million on improved yield prospects, mainly for the United Kingdom, Germany, Poland, and Romania. Other changes include increased soybean produc tion for the European Union and increased WASDE-530-4 cottonseed production for the United States. Cott onseed production is also raised for India for 2013/14. SUGAR: The Mexico 2013/14 forecast for sugar produc tion is lowered from last month by 250,000 metric tons (MT) to 6.10 million MT as out put continues to lag well behind last year’s pace. Given lower supplies and sharply higher domestic prices, total exports are reduced by 121,000 MT to 2.278 million. However, exports to the United States are raised based on the pace to date, and exports to the rest of the worl d are forecast lower. Ending stocks fall by 129,000 MT to 818,000 MT, or 19.0 percent of c onsumption. For 2014/15, beginning stocks and exports are forecast lower. However, relati vely higher prices in the U.S. sugar market provide the incentive for increased 2014/15 exports to the United States. Total 2013/14 U.S. supply is forecast to rise by 261,000 short tons, raw value (STRV) with a 10,000 STRV increase in sugar from sugar cane production in Texas and a 251,000 STRV increase in imports. Imports under the re-e xport program are raised 100,000 STRV, based on industry estimates, and imports from Mexico are increased 151,000 STRV. With total use unchanged, ending stocks are forecast to rise to 15.0 percent of use, compared with 12.9 percent in May. Total 2014/15 U.S. supply is pr ojected up 811,000 STRV, with increases in beginning stocks and imports more than offsetting reduced produc tion. Beginning stocks, at 1.857 million STRV, are up 261,000 STRV. Total sugar production is lowered 140,000 STRV, due to lower sugarcane production in Florida and Louisiana bas ed on processors’ first projections for 2014/15. Total imports are forecast 690,000 STRV above May due to increased shipments from Mexico. With no changes in total use, endi ng stocks are forecast to rise to 15.8 percent of 2014/15 use from 9.1 percent . LIVESTOCK, POULTRY, AND DAIRY: The forecast for total meat production in 2014 is lowered from last month as lower beef and bro iler production more than offsets increased pork and turkey production. Beef production is lower ed as the pace of steer and heifer slaughter in the second quarter is reduced. However, carcass weights are forecast slightly higher as feed prices have moderated. Pork production is fore cast higher due to a combination of larger second-quarter slaughter and higher carcass weights for the year. USDA’s Quarterly Hogs and Pigs report will be released on June 27 and provide an indication of producer farrowing intentions for the remainder of the year. Bro iler production is lowered from last month as the pace of expansion remains slow. Turkey production is raised on higher second-quarter production. Egg production is raised as str ong table egg prices are expected to support increased production. For 2015, no change is made to red meat or turkey forecasts, but the forecast for broiler production is reduced for early 2015. Forecasts for 2014 beef imports are raised as demand for processing grade beef remains strong; no change is made to the export forecas t. Pork imports and exports are raised based on April trade data. Broiler expor ts are reduced as production forecasts are lowered from last month. The slower pace of exports is expec ted to carry into 2015. Turkey exports are unchanged from last month. Cattle, hog, and turkey price forecasts fo r 2014 and 2015 are unchanged from last month. Broiler prices are raised for 2014 as supplies are forecast smaller, but 2015 prices are WASDE-530-5 unchanged from last month. Egg prices fo r 2014 are raised from last month as demand remains strong; prices for 2015 are unchanged. Milk production forecasts for 2014 and 2015 are unc hanged from last month. Export forecasts are raised on a fat basis for 2014 and 2015 with higher cheese exports. However, growth in 2014 exports is constrained by weaker butter sale s as higher domestic prices have made U.S. butter less competitive on world markets. Ski m-solids exports reflect strength in cheese and nonfat dry milk (NDM) exports. Imports for 2014 and 2015 are raised on higher imports of food ingredients. Cheese and butter prices for 2014 are forecast higher on strong demand for cheese and tight supplies of butter. The NDM price is lowered, but the whey price forecast is unchanged. Strength in butter prices is expected to carry into early 2015 resulting in an increase in the 2015 price, but the prices of cheese, NDM, and whey are unchanged from last month. Class III and Class IV prices for 2014 and 2015 are raised on stronger butterfat values. The all milk price is forecast at $22.90 to $23.30 per cwt for 2014 and $19.75 to $20.75 per cwt for 2015. COTTON: The 2014/15 U.S. cotton projections show higher production and ending stocks compared to last month. Projected abandonment in the Southwest has been reduced due to recent favorable rainfall, resulting in a pr oduction increase of 500,000 bales to 15.0 million. Overall U.S. abandonment is now pr ojected at 21 percent, below the preceding 2 years, but above the long-run average, due to current subsoil moisture deficits in the Southwest. Domestic mill use and exports are unchanged from last month, resulting in ending stocks of 4.3 million bales. The forecast stocks-to-use ratio of 32 percent would be the highest in 6 years. The marketing-year average price receiv ed by producers is projected to range from 60 to 80 cents per pound, down 3 cents on both ends of the range. At the midpoint of 70 cents, prices would fall 10 percent from 2013/14. This month’s 2014/15 world projections incl ude higher beginning and ending stocks, equivalent increases in production and consumption, and a dec line in world trade. Beginning stocks are raised due mainly to a higher China import fo recast for 2013/14 and higher 2013/14 production for India. For 2014/15, production is raised for the United States, while consumption is raised for India and Vietnam, but is lowered for Pakist an. World trade is reduced, as imports are lower for China and Pakistan, but higher for Vietnam. World stocks are raised nearly 1.1 million bales from last month. Approved by the Secretary of Agriculture and the Acting Chairperson of the World Agricultural Outlook Board Seth D. Meyer (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: ROBERT C. JOHANSSON ACTING SECRETARY OF AGRICULTURE WASDE-530-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Jerry Norton, ICEC Chair, WAOB, email : [email protected] Gary Vocke, ERS; Teresa McKeivier, FAS; Tom Tice, FSA. Rice: Andrew C. Aaronson, ICEC Chair, WAOB, email : [email protected] Nathan Childs, ERS; Debbie Rubas, FAS; Mark Simone, FSA. Feed Grains: Jerry Norton, IC EC Chair, WAOB, email : [email protected] Thomas Capehart, ERS; Richard O’M eara, FAS; Pete Riley, FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, email : [email protected] Mark Ash, ERS; Bill George, FAS; Dale Leuck, FSA. Cotton: Carol Skelly, ICEC Chair, WAOB, email : [email protected] Darryl Earnest, AMS; Leslie Meyer, ERS; Ja mes Johnson, FAS; Scott Sanford, FSA. Sugar: David Stallings, Acting ICEC Chair, WAOB, email : [email protected] Stephen Haley, ERS; Ron Lord, FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, email : [email protected] Sherry Wise, AMS; Kenneth Mathews, ERS; Cla ire Mezoughem, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, email : [email protected] Larry Haller, AMS; David Harvey, ERS; Lazar o Sandoval, FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, email : [email protected] Uthra Raghunathan, AMS; Roger Ho skin, ERS; Paul Kiendl, F AS; Milton Madison, FSA. For 2014, the WASDE report release dates are: Jan 10, Feb 10, Mar 10, Apr 9, May 9, June 11, July 11, Aug 12, Sept 11, Oct 10, Nov 10, Dec 10 WASDE-530-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................... 1 Interagency Commodity Estimates Committees ..................................................... 6 World & U.S. Supply & Use for Grains ................................................................... 8 World & U.S. Supply & Use for Cotton ................................................................... 9 World & U.S. Supply & Use for Oilseeds ............................................................. 10 U.S. Wheat Supply & Use .................................................................................... 11 U.S. Wheat Supply & Use by Class ..................................................................... 11 U.S. Feed Grain & Corn Supply & Use ................................................................ 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13 U.S. Rice Supply & Use ....................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................ 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ............................................................................. 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use ................................................................................. 18 World Coarse Grains Supply & Use ..................................................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use..................................................................................... 24 World Cotton Supply & Use ................................................................................. 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ..................................................................... 29 World Soybean Oil Supply & Use ........................................................................ 30 U.S. Quarterly Animal Product Production ........................................................... 31 U.S. Quarterly Prices for Animal Products ........................................................... 31 U.S. Meats Supply and Use ................................................................................. 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use .................................................................................... 33 U.S. Dairy Prices ................................................................................................. 34 Reliability Tables ................................................................................................. 35 Related USDA Reports ........................................................................................ 38 Metric Conversion Factors ................................................................................... 38 Electronic Access and Subscriptions ....................................................................... 40 June 2014 WASDE - 530 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World OutputTotal Supply Trade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2012/13 2267.02 2739.68 299.54 2284.77 454.90 2013/14 (Est.) 2464.00 2918.91 360.20 2416.15 502.76 filler filler filler filler filler 2014/15 (Proj.) May 2434.93 2936.51 339.28 2428.81 507.69 2014/15 (Proj.) Jun 2441.04 2943.80 339.65 2431.95 511.85 filler filler filler filler filler Wheat 2012/13 657.31 854.57 137.18 679.29 175.28 2013/14 (Est.) 713.97 889.25 162.75 703.20 186.05 filler filler filler filler filler 2014/15 (Proj.) May 697.04 883.57 151.82 696.15 187.42 2014/15 (Proj.) Jun 701.62 887.67 152.08 699.06 188.61 filler filler filler filler filler Coarse Grains 5/ 2012/13 1138.12 1306.75 122.89 1137.33 169.42 2013/14 (Est.) 1272.56 1441.98 156.80 1237.40 204.58 filler filler filler filler filler 2014/15 (Proj.) May 1257.18 1460.97 146.07 1250.47 210.50 2014/15 (Proj.) Jun 1258.70 1463.28 146.17 1250.71 212.57 filler filler filler filler filler Rice, milled 2012/13 471.60 578.36 39.48 468.16 110.20 2013/14 (Est.) 477.47 587.68 40.65 475.55 112.13 filler filler filler filler filler 2014/15 (Proj.) May 480.72 591.97 41.40 482.20 109.77 2014/15 (Proj.) Jun 480.72 592.85 41.40 482.18 110.67 filler filler filler filler filler United States Output Total SupplyTrade 2 /Total Use 3/Ending Stocks Total Grains 4/ 2012/13 354.01 414.06 51.55 318.29 44.23 2013/14 (Est.) 433.51 486.18 88.24 348.87 49.07 filler filler filler filler filler 2014/15 (Proj.) May 428.83 485.73 76.62 346.50 62.62 2014/15 (Proj.) Jun 428.25 485.56 75.94 345.95 63.67 filler filler filler filler filler Wheat 2012/13 61.67 85.22 27.42 38.27 19.54 2013/14 (Est.) 57.96 82.13 32.11 33.87 16.14 filler filler filler filler filler 2014/15 (Proj.) May 53.43 73.66 25.86 33.09 14.71 2014/15 (Proj.) Jun 52.85 73.35 25.17 32.55 15.62 filler filler filler filler filler Coarse Grains 5/ 2012/13 286.01 320.53 20.73 276.27 23.53 2013/14 (Est.) 369.43 396.08 53.17 311.03 31.89 filler filler filler filler filler 2014/15 (Proj.) May 368.59 403.62 47.50 309.31 46.82 2014/15 (Proj.) Jun 368.59 403.66 47.50 309.31 46.85 filler filler filler filler filler Rice, milled 2012/13 6.34 8.31 3.40 3.75 1.16 2013/14 (Est.) 6.12 7.97 2.96 3.97 1.04 filler filler filler filler filler 2014/15 (Proj.) May 6.81 8.45 3.26 4.10 1.10 2014/15 (Proj.) Jun 6.81 8.55 3.26 4.10 1.19 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export es timate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). June 2014 WASDE - 530 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ OutputTotal Supply Trade 2 /Total UseEnding Stocks Total Grains 4/ 2012/13 1,913.01 2,325.61 248.00 1,966.48 410.68 2013/14 (Est.) 2,030.50 2,432.73 271.96 2,067.28 453.69 filler filler filler filler filler 2014/15 (Proj.) May 2,006.10 2,450.77 262.67 2,082.32 445.07 2014/15 (Proj.) Jun 2,012.79 2,458.24 263.72 2,086.00 448.18 filler filler filler filler filler Wheat 2012/13 595.63 769.35 109.76 641.02 155.74 2013/14 (Est.) 656.01 807.12 130.63 669.33 169.90 filler filler filler filler filler 2014/15 (Proj.) May 643.60 809.91 125.96 663.06 172.71 2014/15 (Proj.) Jun 648.77 814.32 126.91 666.51 172.99 filler filler filler filler filler Coarse Grains 5/ 2012/13 852.11 986.22 102.16 861.06 145.89 2013/14 (Est.) 903.13 1,045.89 103.63 926.36 172.70 filler filler filler filler filler 2014/15 (Proj.) May 888.59 1,057.35 98.57 941.16 163.69 2014/15 (Proj.) Jun 890.11 1,059.62 98.67 941.40 165.72 filler filler filler filler filler Rice, milled 2012/13 465.26 570.05 36.08 464.40 109.05 2013/14 (Est.) 471.36 579.71 37.69 471.58 111.09 filler filler filler filler filler 2014/15 (Proj.) May 473.91 583.52 38.14 478.10 108.68 2014/15 (Proj.) Jun 473.91 584.30 38.14 478.09 109.47 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world mi nus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales OutputTotal Supply Trade 2 /Total Use 3 /Ending Stocks World 2012/13 122.95 196.42 46.69 106.77 90.03 2013/14 (Est.) 118.13 208.16 41.02 109.82 99.00 2014/15 (Proj.) May 115.46 213.36 36.29 111.83 101.66 2014/15 (Proj.) Jun 115.92 214.92 35.56 112.29 102.71 United States 2012/13 17.32 20.68 13.03 3.50 3.90 2013/14 (Est.) 12.91 16.82 10.50 3.60 2.70 2014/15 (Proj.) May 14.50 17.31 9.70 3.70 3.90 2014/15 (Proj.) Jun 15.00 17.71 9.70 3.70 4.30 Foreign 4/ 2012/13 105.64 175.74 33.66 103.27 86.13 2013/14 (Est.) 105.22 191.34 30.52 106.22 96.30 2014/15 (Proj.) May 100.96 196.05 26.59 108.13 97.76 2014/15 (Proj.) Jun 100.92 197.21 25.86 108.59 98.41 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. June 2014 WASDE - 530 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World OutputTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2012/13 474.35 539.61 118.32 396.32 67.05 2013/14 (Est.) 503.38 570.43 130.54 414.55 80.63 2014/15 (Proj.) May 515.22 595.45 131.48 424.20 94.82 2014/15 (Proj.) Jun 516.01 596.65 131.54 424.26 96.03 Oilmeals 2012/13 268.13 280.35 78.01 263.69 11.23 2013/14 (Est.) 279.94 291.17 83.40 273.56 12.70 2014/15 (Proj.) May 287.30 300.69 86.88 281.81 13.12 2014/15 (Proj.) Jun 287.32 300.01 86.88 282.31 12.13 Vegetable Oils 2012/13 160.52 177.99 68.28 157.03 17.21 2013/14 (Est.) 169.20 186.41 68.36 164.78 18.16 2014/15 (Proj.) May 174.90 193.30 70.95 171.32 18.58 2014/15 (Proj.) Jun 174.90 193.06 70.80 171.43 18.32 United States Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2012/13 93.14 100.20 36.94 50.24 5.76 2013/14 (Est.) 97.14 106.49 44.50 50.48 4.84 2014/15 (Proj.) May 107.94 114.19 45.20 51.01 10.68 2014/15 (Proj.) Jun 108.10 114.19 45.27 51.10 10.45 Oilmeals 2012/13 38.68 42.40 10.43 31.65 0.31 2013/14 (Est.) 39.11 43.02 10.73 31.95 0.34 2014/15 (Proj.) May 39.47 43.39 10.48 32.58 0.34 2014/15 (Proj.) Jun 39.51 43.44 10.48 32.62 0.34 Vegetable Oils 2012/13 10.22 15.56 1.39 13.01 1.16 2013/14 (Est.) 10.30 15.56 1.07 13.35 1.14 2014/15 (Proj.) May 10.28 15.75 1.15 13.41 1.18 2014/15 (Proj.) Jun 10.29 15.79 1.14 13.43 1.22 filler filler filler filler filler Foreign 3/ Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2012/13 381.21 439.41 81.38 346.09 61.28 2013/14 (Est.) 406.24 463.94 86.05 364.07 75.79 2014/15 (Proj.) May 407.28 481.25 86.28 373.19 84.14 2014/15 (Proj.) Jun 407.92 482.45 86.28 373.16 85.59 Oilmeals 2012/13 229.46 237.95 67.58 232.03 10.92 2013/14 (Est.) 240.83 248.16 72.67 241.61 12.36 2014/15 (Proj.) May 247.84 257.30 76.40 249.22 12.78 2014/15 (Proj.) Jun 247.81 256.58 76.40 249.69 11.80 Vegetable Oils 2012/13 150.30 162.44 66.89 144.02 16.05 2013/14 (Est.) 158.89 170.85 67.28 151.43 17.02 2014/15 (Proj.) May 164.62 177.55 69.80 157.91 17.40 2014/15 (Proj.) Jun 164.61 177.27 69.66 158.01 17.10 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. June 2014 WASDE - 530 - 11 U.S. Wheat Supply and Use 1/ 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. May Jun Million Acres Area Planted 55.7 56.2 55.8 * 55.8 * Area Harvested 48.9 45.2 45.9 * 45.9 * Bushels Yield per Harvested Acre 46.3 47.2 42.7 * 42.3 * Million Bushels Beginning Stocks 743 718 583 593 Production 2,266 2,130 1,963 1,942 Imports 123 170 160 160 Supply, Total 3,131 3,018 2,706 2,695 Food 945 950 970 960 Seed 73 74 76 76 Feed and Residual 388 220 170 160 Domestic, Total 1,406 1,244 1,216 1,196 Exports 1,007 1,180 950 925 Use, Total 2,414 2,424 2,166 2,121 Ending Stocks 718 593 540 574 CCC Inventory 00 Free Stocks 718 593 Outstanding Loans 85 Avg. Farm Price ($/bu) 2/ 7.77 6.87 6.65 - 7.95 6.35 - 7.65 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red WinterHard Red SpringSoft Red Winter White Durum Total Millio nBushels 2013/14 (Est.) Beginning Stocks 343 165 124 63 23 718 Production 744 490 565 268 62 2,130 Supply, Total 3/ 1,105 735 709 338 130 3,018 Domestic Use 455 292 296 120 81 1,244 Exports 450 255 280 170 25 1,180 Use, Total 905 547 576 290 106 2,424 Ending Stocks, Total Jun 200 188 133 48 24 593 Ending Stocks, Total May 189 191 130 49 24 583 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketi ng-year weighted average price received by farmers. 3/ Includes imports. * Planted acres repor ted in the March 31, 2014, "Prospective Plantings." Harvested acres and yield for other spring wheat and Durum are projected using 10-year harvested-to-planted ratios by state and 1985- 2013 yield trends by state (except for Arizona, California, and Idaho Durum). For May, winter wheat harvested acres and yield reported in the May 9, 2014,"Crop Production." For June, wi nter wheat harvested acres and yield reported in the June 11, 2014,"Crop Production." ****************************************************************************** Wheat-by-class projections for 2014/15 will first be published in the July 11, 2014, WASDE. ****************************************************************************** June 2014 WASDE - 530 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. May Jun Million Acres Area Planted 109.8 109.9 104.3 * 104.3 * Area Harvested 96.6 98.2 93.8 * 93.8 * Metric Tons Yield per Harvested Acre 2.96 3.76 3.93 3.93 Million Metric Tons Beginning Stocks 27.8 23.5 31.8 31.9 Production 285.8 369.2 368.4 368.4 Imports 6.5 2.9 3.0 3.0 Supply, Total 320.1 395.6 403.3 403.3 Feed and Residual 115.3 140.3 138.4 138.4 Food Seed & Industrial 160.6 170.3 170.6 170.6 Domestic, Total 275.9 310.6 309.0 309.0 Exports 20.7 53.2 47.5 47.5 Use, Total 296.6 363.8 356.5 356.5 Ending Stocks 23.5 31.9 46.8 46.8 CCC Inventory 0.0 0.0 Free Stocks 23.5 31.9 Outstanding Loans 0.8 1.3 CORN 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. May June Million Acres Area Planted 97.2 95.4 91.7 * 91.7 * Area Harvested 87.4 87.7 84.3 * 84.3 * Bushels Yield per Harvested Acre 123.4 158.8 165.3 * 165.3 * Million Bushels Beginning Stocks 989 821 1,146 1,146 Production 10,780 13,925 13,935 13,935 Imports 162 35 30 30 Supply, Total 11,932 14,781 15,111 15,111 Feed and Residual 4,329 5,300 5,250 5,250 Food, Seed & Industrial 2/ 6,051 6,435 6,435 6,435 Ethanol & by-products 3/ 4,648 5,050 5,050 5,050 Domestic, Total 10,379 11,735 11,685 11,685 Exports 731 1,900 1,700 1,700 Use, Total 11,111 13,635 13,385 13,385 Ending Stocks 821 1,146 1,726 1,726 CCC Inventory 00 Free Stocks 821 1,146 Outstanding Loans 32 50 Avg. Farm Price ($/bu) 4/ 6.89 4.45 - 4.65 3.85 - 4.55 3.85 - 4.55 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the F eed Grains Database at www.ers.usda.gov/d ata-products/feed-grains- database.aspx. 3/ Corn processed in et hanol plants to produce ethanol and by-produc ts including distillers' grains, corn glute n feed, corn gluten meal, and corn oil. 4/ Marketing-year weighted av erage price received by farmers. * Plante d acres reported in the March 31, 2014, "Pros pective Plantings." For corn, harvested acres projected based on historical abandonment a nd use for silage. For May, projected corn yield based on a w eather adjusted trend model and assumes normal mid-May planting progress and summer weather. For June, projected corn yield based on a weather adjusted tr end model with slightly slower-than-normal mid-May planting progress assumed to be offset by very favorable early season crop and weather conditions. (See Westcott and Jewison, Weather Effects on Expected Corn and Soybean Yi elds, USDA-ERS, Feed Outlook No. (FDS-13G-01), July 2013, www.ers.usda.gov/publi cations/fds-feed-ou tlook/fds-13g-01.aspx.) June 2014 WASDE - 530 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. May Jun Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 6.2 8.1 6.7 * 6.7 * Area Harvested (mil. acres) 5.0 6.5 5.6 * 5.6 * Yield (bushels/acre) 49.8 59.6 64.3 * 64.3 * Beginning Stocks 23 15 19 19 Production 247 389 360 360 Imports 1 0000 Supply, Total 279 404 379 379 Feed and Residual 93 110 90 90 Food, Seed & Industrial 95 95 105 105 Total Domestic 188 205 195 195 Exports 76 180 160 160 Use, Total 264 385 355 355 Ending Stocks 15 19 24 24 Avg. Farm Price ($/bu) 2/ 6.33 4.20 - 4.40 3.60 - 4.30 3.60 - 4.30 Filler Filler Filler Filler Filler BARLEY 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. May June Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.6 3.5 3.2 * 3.2 * Area Harvested (mil. acres) 3.2 3.0 2.8 * 2.8 * Yield (bushels/acre) 67.9 71.7 70.0 * 70.0 * Beginning Stocks 60 80 85 85 Production 220 215 196 196 Imports 23 18 25 25 Supply, Total 304 314 306 306 Feed and Residual 59 60 60 60 Food, Seed & Industrial 155 155 154 154 Total Domestic 214 215 214 214 Exports 91 41 01 0 Use, Total 223 229 224 224 Ending Stocks 80 85 82 82 Avg. Farm Price ($/bu) 2/ 6.43 6.05 4.45 - 5.25 4.45 - 5.25 Filler Filler Filler Filler Filler OATS 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. May June Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.8 3.0 2.8 * 2.8 * Area Harvested (mil. acres) 1.0 1.0 1.1 * 1.1 * Yield (bushels/acre) 61.3 64.0 64.5 * 64.5 * Beginning Stocks 55 36 25 29 Production 64 66 71 71 Imports 93 93 100 100 Supply, Total 212 195 196 200 Feed and Residual 98 90 80 80 Food, Seed & Industrial 76 75 77 77 Total Domestic 174 165 157 157 Exports 1222 Use, Total 176 167 159 159 Ending Stocks 36 29 37 41 Avg. Farm Price ($/bu) 2/ 3.89 3.73 2.70 - 3.30 2.70 - 3.30 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing y ear beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing-year weighted av erage price received by farmers. * Plan ted acres reported in the March 31, 2014, "Prospective Plantings." Harvested area - For sorghum, ha rvested acres are based on the 10-year Olympic average harvested-to-planted ratio, 2004-2013. For barley and oats, ha rvested acres are based on the 5-year average harvested-to- planted ratios, 2009-2013. Yield - For sorghum the projected yield is based on the average for 1990-2013 excluding years that are more than 1 standard deviation from the mean for the period. For barley and oats, projected yields are based on the 1990-2013 trends. Yields shown reflect production rounding. June 2014 WASDE - 530 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. May Jun Million Acres Area Planted 2.70 2.49 2.88 * 2.88 * Area Harvested 2.68 2.47 2.85 * 2.85 * Filler Pounds Yield per Harvested Acre 7,449 7,694 7,468 * 7,468 * Million Hundredweight Beginning Stocks 2/ 41.1 36.4 29.3 32.3 Production 199.5 189.9 213.0 213.0 Imports 21.1 22.0 22.0 22.0 Supply, Total 261.7 248.3 264.3 267.3 Domestic & Residual 3/ 118.2 124.0 128.0 128.0 Exports, Total 4/ 107.1 92.0 102.0 102.0 Rough 34.2 31.5 34.0 34.0 Milled (rough equiv.) 72.9 60.5 68.0 68.0 Use, Total 225.3 216.0 230.0 230.0 Ending Stocks 36.4 32.3 34.3 37.3 Avg. Milling Yield (%) 5/ 70.00 71.00 70.50 70.50 Avg. Farm Price ($/cwt) 6/ 15.10 15.70 - 16.30 15.00 - 16.00 14.40 - 15.40 Total LONG-GRAIN RICE 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. May June Harvested Acres (mil.) 1.98 1.77 Yield (pounds/acre) 7,285 7,464 Beginning Stocks 24.3 21.9 17.3 19.3 Production 144.2 131.9 161.0 161.0 Supply, Total 7/ 187.2 172.3 197.3 199.3 Domestic & Residual 3/ 89.2 91.0 101.0 101.0 Exports 8/ 76.1 62.0 72.0 72.0 Use, Total 165.3 153.0 173.0 173.0 Ending Stocks 21.9 19.3 24.3 26.3 Avg. Farm Price ($/cwt) 6/ 14.50 15.10 - 15.70 13.50 - 14.50 12.80 - 13.80 Filler Filler Filler Filler Filler MEDIUM & SHORT-GRAIN RICE 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. May June Harvested Acres (mil.) 0.70 0.70 Yield (pounds/acre) 7,912 8,272 Beginning Stocks 14.7 12.2 9.7 10.7 Production 55.4 58.0 52.0 52.0 Supply, Total 7/ 72.2 73.7 64.7 65.7 Domestic & Residual 3/ 29.0 33.0 27.0 27.0 Exports 8/ 31.0 30.0 30.0 30.0 Use, Total 60.0 63.0 57.0 57.0 Ending Stocks 12.2 10.7 7.7 8.7 Avg. Farm Price ($/cwt) 6/ 9/ 17.40 17.40 - 18.00 18.50 - 19.50 18.20 - 19.20 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cw t): 2012/13-2.1; 2013/14-2.3; 2014/15-2.3. 3/ Residua l includes unreported use, processing losses, and estimating errors. Us e by type may not add to total rice use because of the difference in brokens between beginni ng and ending stocks. 4/ Incl udes rough rice and milled rice expo rts. Milled rice exports are c onverted to an equivalent rough basis. 5/ Expressed as a percent, i.e ., the total quantity of whole kernel and br oken rice produced divided by the quantity of rough rice milled. Data supplied by the USA Rice Federation for years prior to 2013/14. The 2013/14 milling yield is calculated using Farm Service Agency (FSA) warehouse stored loan data for long, medium, and short grain rice. The year-to-year change in the FSA average all rice milling yield is applied to the WASDE reported 2012/13 milling yield to calculate the 2013/1 4 forecasted average milling yield. The 2014/15 milling yield is calculated using the previous five-year Olympic average-- 2009/10-2013/14. 6/ Marketing-year weighted average price receive d by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short-grain s eason-average- farm price (S AFP) largely reflects rice that is marketed through pric e pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SA FP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.68 per cwt from 2008/09 through 2011/12, with a high of $3.50 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. * Planted acres reported in March 31, 2014, "Prospective Plantings." Harv ested acres are estimated using the a verage harvested-to-planted ratios by rice class, 2009-2013. Projected yield is based on linear trend analys is by rice class for the period 1990/91 to 2013/14. June 2014 WASDE - 530 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. May Jun Filler Filler Filler Filler Filler Million Acres Area Planted 77.2 76.5 81.5 * 81.5 * Area Harvested 76.2 75.9 80.5 * 80.5 * Filler Bushels Yield per Harvested Acre 39.8 43.3 45.2 * 45.2 * Million Bushels Beginning Stocks 169 141 130 125 Production 3,034 3,289 3,635 3,635 Imports 36 90 15 15 Supply, Total 3,239 3,519 3,780 3,775 Crushings 1,689 1,700 1,715 1,715 Exports 1,320 1,600 1,625 1,625 Seed 89 95 92 92 Residual 1 0 18 18 Use, Total 3,099 3,395 3,450 3,450 Ending Stocks 141 125 330 325 Avg. Farm Price ($/bu) 2/ 14.40 13.10 9.75 - 11.75 9.75 - 11.75 Total SOYBEAN OIL 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. May June Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 2,540 1,705 1,550 1,625 Production 4/ 19,820 19,920 19,810 19,810 Imports 196 200 160 160 Supply, Total 22,556 21,825 21,520 21,595 Domestic Disappearance 18,686 18,450 18,100 18,100 Biodiesel 3/ 4,689 4,800 4,800 4,800 Food, Feed & other Industrial 13,997 13,650 13,300 13,300 Exports 2,164 1,750 1,700 1,700 Use, Total 20,851 20,200 19,800 19,800 Ending stocks 1,705 1,625 1,720 1,795 Avg. Price (c/lb) 2/ 47.13 39.00 37.00 - 41.00 37.00 - 41.00 Total SOYBEAN MEAL 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. May June Filler 1 2 3 4 Thousand Shor t Tons Beginning Stocks 300 275 300 300 Production 4/ 39,875 40,410 40,735 40,735 Imports 245 315 165 165 Supply, Total 40,420 41,000 41,200 41,200 Domestic Disappearance 29,031 29,200 29,700 29,700 Exports 11,114 11,500 11,200 11,200 Use, Total 40,145 40,700 40,900 40,900 Ending Stocks 275 300 300 300 Avg. Price ($/s.t.) 2/ 468.11 485.00 355.00 - 395.00 355.00 - 395.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple aver age of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflect s only biodiesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 1,710 million bushels. * Planted acres are re ported in the March 31, 2014 "Prospective P lantings". Harvested acres are based on the 5-year average harves ted-to-planted ratio. The proj ected yield is based on a weather adjusted trend model and ass umes normal summer weather. (See Westcott and Jewison, Weather Effects on Expected Corn and Soyb ean Yields, USDA-ERS, Feed Outlook No. (FDS-13G-01), July 2013, www.ers.usda.gov/publi cations/fds-feed-ou tlook/fds-13g-01.aspx.) June 2014 WASDE - 530 - 16 U.S. Sugar Supply and Use 1/ 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. May Jun Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 1,979 2,158 1,596 1,857 Production 2/ 8,982 8,490 8,495 8,355 Beet Sugar 5,076 4,800 4,750 4,750 Cane Sugar 3,906 3,690 3,745 3,605 Florida 1,867 1,760 1,850 1,770 Hawaii 179 190 180 180 Louisiana 1,686 1,600 1,580 1,520 Texas 173 140 135 135 Imports 3,224 3,585 3,093 3,783 TRQ 3/ 957 1,369 1,262 1,262 Other Program 4/ 136 210 400 400 Other 5/ 2,131 2,006 1,431 2,121 Mexico 2,124 1,996 1,421 2,111 Total Supply 14,184 14,233 13,184 13,995 Exports 274 325 250 250 Deliveries 11,752 12,051 11,835 11,835 Food 6/ 11,487 11,600 11,700 11,700 Other 7/ 265 451 135 135 Miscellaneous 0000 Total Use 12,026 12,376 12,085 12,085 Ending Stocks 8/ 2,158 1,857 1,099 1,910 Stocks to Use Ratio 17.9 15.0 9.1 15.8 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2013/14 are based on Crop Production and processor projections where appropriate. 3/ For 2014/15, includes only U.S. commitments under current trade agreements, minus shortfall. Th e Secretary will establish the actual level of the TRQ at a lat er date. For 2013/14, WTO TRQ shortfall (200). For 2014/15, WTO TR Q shortfall (200). 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ For 2012/13, other high-tier (7) and other (0). For 2013/14, other high-tier (10) and other ( 0). For 2014/15, other high-tier (10) and other (0). 6/Combines SMD deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar-containing products for reexport, and for nonedible alcohol, feed, and ethanol. 8/ For 2012/13, in cludes 316,415 short tons, raw value, of stocks held by the Commodity Credit Corporation. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ ExportsEnding Stocks Sugar 1,000 Metric Tons, Actual Weight 2013/14 Est. May 1,460 6,350 226 4,690 2,399 947 2013/14 Est. Jun 1,460 6,100 226 4,690 2,278 818 2014/15 Proj. May 947 6,500 226 4,690 2,036 947 2014/15 Proj. Jun 818 6,500 226 4,690 1,907 947 1/ HFCS imports by Mexico (1,000 metric tons, dry ba sis): Oct-Sep 2012/13 = 1,105; Oct 2012-Apr 2013 = 649; Oct 2013-Apr 2014 = 503. Footnote source: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes domestic consumption, Mexico's products export pr ogram (IMMEX), and any residual statistical discrepancies. IMMEX: 2013/14 (384 est), 2014/15 (384 proj). June 2014 WASDE - 530 - 17 U.S. Cotton Supply and Use 1/ 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. May Jun Filler Filler Filler Filler Filler Area Million Acres Planted 12.31 10.41 11.10 * 11.10 * Harvested 9.37 7.54 8.45 * 8.75 * Filler Pounds Yield per Harvested Acre 887 821 824 * 823 * Million 480 Pound Bales Beginning Stocks 3.35 3.90 2.80 2.70 Production 17.32 12.91 14.50 15.00 Imports 0.01 0.01 0.01 0.01 Supply, Total 20.68 16.82 17.31 17.71 Domestic Use 3.50 3.60 3.70 3.70 Exports, Total 13.03 10.50 9.70 9.70 Use, Total 16.53 14.10 13.40 13.40 Unaccounted 2/ 0.25 0.02 0.01 0.01 Ending Stocks 3.90 2.70 3.90 4.30 Avg. Farm Price 3/ 72.5 77.5 63.0 - 83.0 60.0 - 80.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the differe nce between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. *Pla nted area as indicated in the March 31, 2014 Prospective Plantings. Abandonment rates and yield per harvested acre based on the averages of 2012 and 2013, weighted by region. Projected abandonment in the Southwest reduced fro m 39 percent in May to 34 percent in June due to recent favorable precipitation. June 2014 WASDE - 530 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 197.26 657.31 144.25 136.66 679.29 137.18 175.28 United States 20.21 61.67 3.34 10.57 38.27 27.42 19.54 Total Foreign 177.05 595.63 140.91 126.09 641.02 109.76 155.74 Major Exporters 4/ 27.27 192.81 5.91 59.10 142.04 63.80 20.15 Argentina 0.73 9.30 0.00 0.30 6.20 3.55 0.29 Australia 7.05 22.46 0.14 3.40 6.74 18.66 4.26 Canada 5.93 27.21 0.48 4.40 9.60 18.97 5.05 European Union 5/ 13.55 133.85 5.28 51.00 119.50 22.62 10.55 Major Importers 6/ 87.64 187.29 79.47 35.19 264.58 6.47 83.34 Brazil 1.75 4.38 7.36 0.20 10.90 1.58 1.00 China 55.95 121.02 2.96 25.00 125.00 0.97 53.96 Sel. Mideast 7/ 5.14 17.18 20.86 2.75 34.33 0.69 8.16 N. Africa 8/ 14.09 17.32 22.06 2.38 41.42 0.61 11.44 Pakistan 4.02 23.30 0.05 0.60 23.90 0.85 2.62 Southeast Asia 9/ 4.65 0.00 15.76 2.84 15.51 0.77 4.14 Selected Other 0.00 India 19.95 94.88 0.02 3.40 83.82 6.82 24.20 FSU-12 26.97 77.35 7.23 20.86 71.50 25.38 14.67 Russia 10.90 37.72 1.17 11.90 33.55 11.29 4.95 Kazakhstan 6.18 9.84 0.01 2.00 6.80 6.29 2.94 Ukraine 5.36 15.76 0.05 3.10 11.40 7.19 2.58 2013/14 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 175.28 713.97 155.19 133.12 703.20 162.75 186.05 United States 19.54 57.96 4.63 5.99 33.87 32.11 16.14 Total Foreign 155.74 656.01 150.56 127.14 669.33 130.63 169.90 Major Exporters 4/ 20.15 218.32 4.38 58.70 141.20 73.50 28.15 Argentina 0.29 10.50 0.01 0.10 6.05 2.00 2.74 Australia 4.26 27.00 0.13 3.60 6.95 19.50 4.94 Canada 5.05 37.50 0.44 6.00 11.20 22.00 9.79 European Union 5/ 10.55 143.32 3.80 49.00 117.00 30.00 10.68 Major Importers 6/ 83.34 194.26 87.21 33.96 266.55 5.08 93.18 Brazil 1.00 5.30 7.20 0.60 11.40 0.10 2.00 China 53.96 121.72 7.00 23.00 123.50 1.00 58.18 Sel. Mideast 7/ 8.16 18.94 21.01 3.28 36.18 0.54 11.38 N. Africa 8/ 11.44 20.12 24.70 2.88 42.55 0.63 13.09 Pakistan 2.62 24.00 0.50 0.60 24.10 0.70 2.32 Southeast Asia 9/ 4.14 0.00 16.10 2.51 15.52 0.82 3.90 Selected Other 0.00 India 24.20 93.51 0.02 4.80 93.90 6.00 17.83 FSU-12 14.67 103.76 7.88 22.17 72.84 36.72 16.76 Russia 4.95 52.09 1.20 12.50 34.00 18.50 5.74 Kazakhstan 2.94 13.94 0.01 2.00 6.80 8.00 2.09 Ukraine 2.58 22.28 0.10 3.40 11.50 9.50 3.96 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to di fferences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada , and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and South east Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, a nd Oman. 8/ Algeria, Egypt, Li bya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. June 2014 WASDE - 530 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ May 186.53 697.04 149.85 128.11 696.15 151.82 187.42 Jun 186.05 701.62 150.19 129.34 699.06 152.08 188.61 United States May 15.87 53.43 4.35 4.63 33.09 25.86 14.71 Jun 16.14 52.85 4.35 4.35 32.55 25.17 15.62 Total Foreign May 170.66 643.60 145.50 123.48 663.06 125.96 172.71 Jun 169.90 648.77 145.84 124.99 666.51 126.91 172.99 Major Exporters 4/ May 28.67 211.38 6.12 60.80 144.00 73.50 28.67 Jun 28.15 212.75 6.12 61.30 144.50 74.00 28.52 Argentina May 2.74 12.50 0.01 0.10 6.15 6.50 2.60 Jun 2.74 12.50 0.01 0.10 6.15 6.50 2.60 Australia May 5.44 25.50 0.14 3.20 6.60 18.50 5.97 Jun 4.94 25.50 0.14 3.20 6.60 18.50 5.47 Canada May 9.82 28.50 0.48 4.50 9.75 21.00 8.05 Jun 9.79 28.50 0.48 4.50 9.75 21.00 8.02 European Union 5/ May 10.68 144.88 5.50 53.00 121.50 27.50 12.06 Jun 10.68 146.25 5.50 53.50 122.00 28.00 12.43 Major Importers 6/ May 92.83 194.62 78.55 29.85 264.74 5.38 95.87 Jun 93.18 195.63 78.80 30.85 265.79 5.33 96.49 Brazil May 2.10 6.00 6.50 0.60 11.60 0.50 2.50 Jun 2.00 6.00 6.50 0.60 11.60 0.50 2.40 China May 58.18 123.00 3.00 20.00 121.00 1.00 62.18 Jun 58.18 124.00 3.00 21.00 122.00 1.00 62.18 Sel. Mideast 7/ May 11.38 17.62 19.43 2.87 35.93 0.53 11.96 Jun 11.38 17.63 19.48 2.87 35.98 0.53 11.98 N. Africa 8/ May 12.74 18.85 23.50 2.58 42.98 0.53 11.59 Jun 13.09 18.85 23.50 2.58 42.98 0.48 11.99 Pakistan May 2.32 24.50 0.30 0.70 24.40 0.70 2.02 Jun 2.32 24.50 0.50 0.70 24.40 0.70 2.22 Southeast Asia 9/ May 3.80 0.00 16.13 2.31 15.74 0.83 3.37 Jun 3.90 0.00 16.13 2.31 15.74 0.83 3.47 Selected Other India May 17.83 94.00 0.02 4.50 92.05 3.50 16.30 Jun 17.83 95.85 0.02 4.50 93.90 3.50 16.30 FSU-12 May 17.09 101.20 7.83 22.04 72.84 35.10 18.17 Jun 16.76 102.20 7.83 22.00 72.79 35.60 18.40 Russia May 6.04 52.00 1.20 12.00 33.50 19.00 6.74 Jun 5.74 53.00 1.20 12.00 33.50 19.50 6.94 Kazakhstan May 2.09 14.50 0.01 2.50 7.30 7.00 2.29 Jun 2.09 14.50 0.01 2.50 7.30 7.00 2.29 Ukraine May 3.96 20.00 0.10 3.50 11.50 8.50 4.06 Jun 3.96 20.00 0.10 3.50 11.50 8.50 4.06 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to di fferences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada , and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and South east Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, a nd Oman. 8/ Algeria, Egypt, Li bya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. June 2014 WASDE - 530 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 168.63 1,138.12 128.77 669. 97 1,137.33 122.89 169.42 United States 27.82 286.01 6.70 115.44 276.27 20.73 23.53 Total Foreign 140.81 852.11 122.06 554.53 861.06 102.16 145.89 Major Exporters 4/ 19.38 169.97 1.97 76.65 104.94 62.07 24.30 Argentina 1.34 37.25 0.00 7.79 12.05 24.05 2.48 Australia 0.94 11.17 0.00 3.63 5.21 5.97 0.92 Brazil 9.82 84.25 1.27 47.05 55.80 24.98 14.56 Canada 3.40 24.43 0.51 12.97 20.26 4.99 3.08 Major Importers 5/ 38.80 227.51 92.10 238.01 317.09 8.10 33.22 European Union 6/ 15.58 146.07 11.84 113.88 153.30 7.36 12.84 Japan 1.09 0.18 17.74 13.22 18.03 0.00 0.98 Mexico 1.86 28.88 7.60 19.33 36.20 0.52 1.62 N. Afr & Mideast 7/ 12.56 26.48 23.53 45.50 52.68 0.13 9.76 Saudi Arabia 3.13 0.35 10.74 10.30 10.73 0.00 3.49 Southeast Asia 8/ 2.64 25.27 7.98 25.06 32.97 0.09 2.83 South Korea 1.54 0.21 8.27 6.53 8.71 0.00 1.31 Selected Other 0.00 China 60.37 212.19 5.60 146.05 209.67 0.11 68.39 FSU-12 6.24 69.14 0.73 36.19 51.07 19.87 5.17 Russia 1.81 28.66 0.34 16.40 25.13 4.30 1.38 Ukraine 2.42 29.53 0.05 10.93 14.66 15.00 2.33 2013/14 Est. Beginnin g Stock s Productio n Import sDomesti c FeedDomesti c Total 2 / Export s Endin g Stock s World 3/ 169.42 1,272.56 147.16 738. 20 1,237.40 156.80 204.58 United States 23.53 369.43 3.12 140.46 311.03 53.17 31.89 Total Foreign 145.89 903.13 144.04 597.74 926.37 103.63 172.70 Major Exporters 4/ 24.30 168.81 1.76 80.92 111.06 53.19 30.62 Argentina 2.48 33.47 0.01 8.34 12.80 18.21 4.96 Australia 0.92 12.45 0.00 3.96 5.64 6.93 0.81 Brazil 14.56 79.11 1.21 48.58 58.38 20.51 15.99 Canada 3.08 28.74 0.44 14.74 22.14 4.53 5.59 Major Importers 5/ 33.22 246.44 106.57 254.62 336.53 10.25 39.45 European Union 6/ 12.84 158.34 14.31 121.88 163.30 8.23 13.96 Japan 0.98 0.18 18.50 13.89 18.70 0.00 0.96 Mexico 1.62 29.84 11.90 22.62 39.89 0.50 2.98 N. Afr & Mideast 7/ 9.76 30.39 26.58 47.29 54.60 0.33 11.81 Saudi Arabia 3.49 0.36 11.83 10.75 11.18 0.00 4.50 Southeast Asia 8/ 2.83 27.01 9.52 26.47 34.57 1.19 3.60 South Korea 1.31 0.21 9.59 7.55 9.82 0.00 1.29 Selected Other 0.00 China 68.39 224.31 10.80 159.05 224.88 0.13 78.49 FSU-12 5.17 88.71 0.88 41.56 57.67 29.86 7.24 Russia 1.38 35.74 0.38 19.30 29.02 6.39 2.09 Ukraine 2.33 39.92 0.08 12.43 16.31 22.68 3.34 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjust ed to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in som e countries. 4/ Argentina, Australia, Canada, Brazil, a nd South Africa. 5/ The European Union, Me xico, Japan, selected North Africa and Midd le East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes in tra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, M orocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. June 2014 WASDE - 530 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ May 203.79 1,257.18 143.58 750. 59 1,250.47 146.07 210.50 Jun 204.58 1,258.70 144.29 750. 84 1,250.71 146.17 212.57 United States May 31.85 368.59 3.18 138.47 309.31 47.50 46.82 Jun 31.89 368.59 3.18 138.47 309.31 47.50 46.85 Total Foreign May 171.94 888.59 140.40 612.12 941.16 98.57 163.69 Jun 172.70 890.11 141.11 612.37 941.40 98.67 165.72 Major Exporters 4/ May 29.95 161.19 1.86 81.83 112.21 53.27 27.52 Jun 30.62 161.19 1.86 81.83 112.21 53.27 28.19 Argentina May 4.46 35.17 0.01 8.87 13.63 20.51 5.50 Jun 4.96 35.17 0.01 8.87 13.63 20.51 6.00 Australia May 0.81 11.81 0.00 4.06 5.74 5.93 0.95 Jun 0.81 11.81 0.00 4.06 5.74 5.93 0.95 Brazil May 15.49 77.11 1.21 50.08 59.90 20.01 13.89 Jun 15.99 77.11 1.21 50.08 59.90 20.01 14.39 Canada May 5.59 23.07 0.54 13.42 20.92 4.60 3.67 Jun 5.59 23.07 0.54 13.42 20.92 4.60 3.67 Major Importers 5/ May 38.55 238.56 103.78 255.84 338.65 8.80 33.43 Jun 39.45 237.60 104.48 255.34 338.15 9.10 34.28 European Union 6/ May 13.96 152.24 13.31 118.25 160.07 7.76 11.68 Jun 13.96 153.08 13.31 118.25 160.07 8.06 12.22 Japan May 0.96 0.18 18.90 14.29 19.10 0.00 0.94 Jun 0.96 0.18 18.90 14.29 19.10 0.00 0.94 Mexico May 2.98 30.14 11.40 23.42 40.94 0.50 3.08 Jun 2.98 30.14 11.40 23.42 40.94 0.50 3.08 N. Afr & Mideast 7/ May 10.91 27.78 27.01 49.26 56.67 0.11 8.92 Jun 11.81 25.98 27.71 48.76 56.17 0.11 9.22 Saudi Arabia May 4.50 0.36 10.01 11.13 11.60 0.00 3.26 Jun 4.50 0.36 10.01 11.13 11.60 0.00 3.26 Southeast Asia 8/ May 3.60 27.51 9.22 27.77 35.97 0.44 3.92 Jun 3.60 27.51 9.22 27.77 35.97 0.44 3.92 South Korea May 1.29 0.21 9.59 7.55 9.82 0.00 1.27 Jun 1.29 0.21 9.59 7.55 9.82 0.00 1.27 Selected Other China May 78.99 226.58 9.80 167.15 235.30 0.13 79.95 Jun 78.49 226.58 9.80 167.15 235.30 0.13 79.45 FSU-12 May 8.24 83.88 0.88 43.43 59.53 26.15 7.32 Jun 7.24 85.38 0.88 44.23 60.33 26.15 7.02 Russia May 2.09 37.50 0.28 20.90 30.90 7.11 1.85 Jun 2.09 38.00 0.28 21.20 31.20 7.11 2.05 Ukraine May 4.34 34.30 0.06 12.96 16.59 18.16 3.95 Jun 3.34 35.30 0.06 13.46 17.09 18.16 3.45 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjust ed to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Uni on, Mexico, Japan, selected No rth Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Al geria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tuni sia, and Turkey. 8/ Indonesia, Malaysia, Philippi nes, Thailand, and Vietnam. June 2014 WASDE - 530 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 /ExportsEnding Stocks World 3/ 134.61 868.80 99.43 518.79 865.27 95.21 138.14 United States 25.12 273.83 4.13 109.95 263.64 18.58 20.86 Total Foreign 109.49 594.96 95.30 408.84 601.62 76.63 117.28 Major Exporters 4/ 13.79 120.87 0.97 54.90 71.40 45.69 18.53 Argentina 0.90 27.00 0.00 5.30 7.90 18.69 1.32 Brazil 9.21 81.50 0.89 44.50 52.50 24.95 14.15 South Africa 3.68 12.37 0.08 5.10 11.00 2.05 3.07 Major Importers 5/ 15.34 111.62 56.86 119.28 168.51 2.82 12.50 Egypt 2.22 5.80 5.06 9.70 11.70 0.01 1.37 European Union 6/ 6.67 58.87 11.35 53.00 69.60 2.19 5.09 Japan 0.61 0.00 14.41 10.00 14.50 0.00 0.52 Mexico 1.32 21.59 5.68 11.00 27.00 0.52 1.06 Southeast Asia 7/ 2.64 25.22 7.96 25.00 32.90 0.09 2.82 South Korea 1.48 0.08 8.17 6.48 8.48 0.00 1.26 Selected Other 0.00 Canada 1.37 13.06 0.48 6.28 11.61 1.75 1.55 China 59.34 205.61 2.70 144.00 200.00 0.08 67.57 FSU-12 2.45 32.36 0.34 15.52 18.09 15.00 2.05 Ukraine 1.05 20.92 0.04 6.80 8.10 12.73 1.19 2013/14 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ ExportsEnding Stocks World 3/ 138.14 981.89 116.69 575.99 950.98 124.16 169.05 United States 20.86 353.72 0.89 134.63 298.08 48.26 29.12 Total Foreign 117.28 628.17 115.81 441.36 652.90 75.90 139.93 Major Exporters 4/ 18.53 114.50 0.84 56.70 74.80 37.00 22.07 Argentina 1.32 24.00 0.01 5.50 8.30 13.50 3.53 Brazil 14.15 76.00 0.80 46.00 55.00 20.50 15.45 South Africa 3.07 14.50 0.03 5.20 11.50 3.00 3.09 Major Importers 5/ 12.50 119.41 71.20 131.00 182.93 3.70 16.49 Egypt 1.37 5.80 7.00 10.00 12.00 0.01 2.16 European Union 6/ 5.09 64.57 14.00 57.00 75.50 2.00 6.16 Japan 0.52 0.00 15.50 11.00 15.50 0.00 0.52 Mexico 1.06 21.90 11.50 15.00 31.50 0.50 2.46 Southeast Asia 7/ 2.82 26.96 9.50 26.40 34.50 1.19 3.59 South Korea 1.26 0.08 9.50 7.50 9.60 0.00 1.24 Selected Other 0.00 Canada 1.55 14.20 0.40 6.80 12.20 1.20 2.75 China 67.57 217.73 4.00 154.00 212.00 0.10 77.20 FSU-12 2.05 47.01 0.39 19.07 21.84 24.24 3.38 Ukraine 1.19 30.90 0.05 8.50 9.90 20.00 2.24 1/ Aggregate of local marketing years. 2/ Total forei gn and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Mala ysia, Philippines, Thailand, and Vietnam. June 2014 WASDE - 530 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ May 168.42 979.08 114.27 592.29 965.77 115.72 181.73 Jun 169.05 981.12 114.77 594.64 967.52 115.52 182.65 United States May 29.12 353.97 0.76 133.36 296.81 43.18 43.85 Jun 29.12 353.97 0.76 133.36 296.81 43.18 43.85 Total Foreign May 139.30 625.11 113.51 458.94 668.96 72.54 137.88 Jun 139.93 627.16 114.01 461.29 670.71 72.34 138.80 Major Exporters 4/ May 21.39 113.50 0.84 58.80 76.90 38.20 20.63 Jun 22.07 113.50 0.84 58.80 76.90 38.20 21.30 Argentina May 3.03 26.00 0.01 6.00 9.00 16.00 4.04 Jun 3.53 26.00 0.01 6.00 9.00 16.00 4.54 Brazil May 14.95 74.00 0.80 47.50 56.50 20.00 13.25 Jun 15.45 74.00 0.80 47.50 56.50 20.00 13.75 South Africa May 3.42 13.50 0.03 5.30 11.40 2.20 3.34 Jun 3.09 13.50 0.03 5.30 11.40 2.20 3.02 Major Importers 5/ May 16.09 120.57 69.30 133.90 186.68 2.95 16.34 Jun 16.49 121.17 69.30 134.50 187.28 2.95 16.74 filler filler filler filler filler filler filler Egypt May 1.76 5.75 6.50 10.10 12.10 0.01 1.90 Jun 2.16 5.75 6.50 10.20 12.20 0.01 2.20 European Union 6/ May 6.16 64.65 13.00 57.00 76.00 2.00 5.81 Jun 6.16 65.25 13.00 57.50 76.50 2.00 5.91 Japan May 0.52 0.00 16.00 11.50 16.00 0.00 0.53 Jun 0.52 0.00 16.00 11.50 16.00 0.00 0.53 Mexico May 2.46 22.50 10.90 16.00 32.75 0.50 2.61 Jun 2.46 22.50 10.90 16.00 32.75 0.50 2.61 Southeast Asia 7/ May 3.59 27.46 9.20 27.70 35.90 0.44 3.92 Jun 3.59 27.46 9.20 27.70 35.90 0.44 3.92 South Korea May 1.24 0.08 9.50 7.50 9.60 0.00 1.22 Jun 1.24 0.08 9.50 7.50 9.60 0.00 1.22 Selected Other Canada May 2.75 12.50 0.50 6.70 12.20 1.50 2.05 Jun 2.75 12.50 0.50 6.70 12.20 1.50 2.05 China May 77.70 220.00 3.00 162.00 222.00 0.10 78.60 Jun 77.20 220.00 3.00 162.00 222.00 0.10 78.10 FSU-12 May 4.38 42.71 0.42 20.39 23.26 19.94 4.31 Jun 3.38 44.21 0.42 21.19 24.06 19.94 4.01 Ukraine May 3.24 26.00 0.05 9.00 10.40 16.00 2.89 Jun 2.24 27.00 0.05 9.50 10.90 16.00 2.39 1/ Aggregate of local marketing years. 2/ Total foreign a nd world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not ba lance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Ar gentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast As ia. 6/ Trade excludes intra-tr ade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. June 2014 WASDE - 530 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ 106.76 471.60 36.63 468.16 39.48 110.20 United States 1.30 6.34 0.67 3.75 3.40 1.16 Total Foreign 105.46 465.26 35.96 464.40 36.08 109.05 Major Exporters 4/ 36.81 158.76 0.75 128.83 27.89 39.59 India 25.10 105.24 0.00 94.03 10.87 25.44 Pakistan 0.55 5.80 0.05 2.30 3.60 0.50 Thailand 9.33 20.20 0.60 10.60 6.72 12.81 Vietnam 1.83 27.52 0.10 21.90 6.70 0.85 Major Importers 5/ 12.90 62.55 13.08 75.42 1.07 12.03 Brazil 0.54 7.99 0.64 7.85 0.84 0.48 European Union 6/ 1.12 2.09 1.40 3.25 0.20 1.15 Indonesia 7.40 36.55 0.65 38.13 0.00 6.48 Nigeria 1.02 2.37 2.80 5.30 0.00 0.89 Philippines 1.51 11.43 1.40 12.85 0.00 1.49 Sel. Mideast 7/ 0.97 1.65 4.79 6.03 0.00 1.38 Selected Other 0.00 Burma 0.40 11.72 0.00 10.40 1.16 0.55 C. Amer & Carib 8/ 0.43 1.67 1.42 3.14 0.01 0.37 China 45.02 143.00 3.70 144.00 0.34 47.38 Egypt 0.49 4.68 0.02 3.90 0.85 0.43 Japan 2.75 7.76 0.69 8.25 0.20 2.74 Mexico 0.15 0.13 0.74 0.84 0.00 0.19 South Korea 0.73 4.01 0.51 4.50 0.00 0.74 2013/14 Est. Beginning Stocks Production ImportsTotal /2 Domestic ExportsEnding Stocks World 3/ 110.20 477.47 38.63 475.55 40.65 112.13 United States 1.16 6.12 0.70 3.97 2.96 1.04 Total Foreign 109.05 471.36 37.94 471.58 37.69 111.09 Major Exporters 4/ 39.59 161.19 0.53 131.43 29.40 40.48 India 25.44 106.29 0.00 96.50 10.00 25.23 Pakistan 0.50 6.60 0.03 2.63 3.90 0.60 Thailand 12.81 20.50 0.30 10.80 9.00 13.81 Vietnam 0.85 27.80 0.20 21.50 6.50 0.85 Major Importers 5/ 12.03 64.91 14.42 77.00 1.18 13.19 Brazil 0.48 8.60 0.70 8.05 0.95 0.78 European Union 6/ 1.15 1.94 1.35 3.20 0.20 1.04 Indonesia 6.48 37.36 1.50 38.65 0.00 6.68 Nigeria 0.89 2.77 3.00 6.00 0.00 0.66 Philippines 1.49 11.89 2.00 12.85 0.00 2.53 Sel. Mideast 7/ 1.38 1.83 4.30 6.18 0.00 1.33 Selected Other 0.00 Burma 0.55 11.96 0.00 10.50 1.30 0.71 C. Amer & Carib 8/ 0.37 1.75 1.56 3.29 0.01 0.37 China 47.38 142.30 3.50 146.00 0.35 46.83 Egypt 0.43 4.88 0.03 4.00 0.80 0.53 Japan 2.74 7.83 0.70 8.25 0.20 2.82 Mexico 0.19 0.13 0.75 0.86 0.00 0.21 South Korea 0.74 4.23 0.41 4.61 0.00 0.78 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World impor ts and exports may not balance due to differen ces in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philipp ines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ C entral American and Caribbean countries. June 2014 WASDE - 530 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ May 111.25 480.72 38.32 482.20 41.40 109.77 Jun 112.13 480.72 38.32 482.18 41.40 110.67 United States May 0.94 6.81 0.70 4.10 3.26 1.10 filler filler filler filler filler filler Jun 1.04 6.81 0.70 4.10 3.26 1.19 Total Foreign May 110.31 473.91 37.62 478.10 38.14 108.68 filler filler filler filler filler filler Jun 111.09 473.91 37.62 478.09 38.14 109.47 Major Exporters 4/ May 39.69 161.00 0.60 133.10 29.60 38.59 Jun 40.48 161.00 0.60 133.10 29.60 39.38 India May 24.44 106.00 0.00 98.00 9.00 23.44 Jun 25.23 106.00 0.00 98.00 9.00 24.23 filler filler filler filler filler filler Pakistan May 0.60 6.70 0.00 2.70 3.90 0.70 Jun 0.60 6.70 0.00 2.70 3.90 0.70 Thailand May 13.81 20.50 0.30 10.90 10.00 13.71 Jun 13.81 20.50 0.30 10.90 10.00 13.71 Vietnam May 0.85 27.80 0.30 21.50 6.70 0.75 Jun 0.85 27.80 0.30 21.50 6.70 0.75 Major Importers 5/ May 13.19 65.29 14.50 78.33 1.12 13.53 Jun 13.19 65.29 14.50 78.33 1.12 13.53 Brazil May 0.78 8.50 0.70 8.15 0.90 0.93 filler filler filler filler filler filler Jun 0.78 8.50 0.70 8.15 0.90 0.93 European Union 6/ May 1.04 1.96 1.40 3.20 0.19 1.01 Jun 1.04 1.96 1.40 3.20 0.19 1.01 Indonesia May 6.68 37.70 1.00 39.20 0.00 6.18 Jun 6.68 37.70 1.00 39.20 0.00 6.18 Nigeria May 0.66 2.55 3.50 6.10 0.00 0.61 Jun 0.66 2.55 3.50 6.10 0.00 0.61 Philippines May 2.53 12.20 1.80 13.20 0.00 3.33 Jun 2.53 12.20 1.80 13.20 0.00 3.33 Sel. Mideast 7/ May 1.33 1.85 4.48 6.35 0.00 1.31 Jun 1.33 1.85 4.48 6.35 0.00 1.31 Selected Other Burma May 0.71 12.15 0.00 11.00 1.30 0.56 Jun 0.71 12.15 0.00 11.00 1.30 0.56 C. Amer & Carib 8/ May 0.37 1.77 1.55 3.30 0.01 0.37 Jun 0.37 1.77 1.55 3.30 0.01 0.37 China May 46.83 144.00 3.70 148.00 0.35 46.18 Jun 46.83 144.00 3.70 148.00 0.35 46.18 Egypt May 0.53 4.90 0.06 4.10 0.88 0.52 Jun 0.53 4.90 0.06 4.10 0.88 0.52 Japan May 2.82 7.70 0.70 8.20 0.20 2.82 Jun 2.82 7.70 0.70 8.20 0.20 2.82 Mexico May 0.21 0.13 0.78 0.89 0.00 0.23 Jun 0.21 0.13 0.78 0.89 0.00 0.23 South Korea May 0.78 4.15 0.41 4.59 0.00 0.75 Jun 0.78 4.15 0.41 4.59 0.00 0.75 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-28. 6/ Tr ade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. June 2014 WASDE - 530 - 26 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2012/13 Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World 73.47 122.95 46.20 106.77 46.69 -0.88 90.03 United States 3.35 17.32 0.01 3.50 13.03 0.25 3.90 Total Foreign 70.12 105.64 46.19 103.27 33.66 -1.13 86.13 Major Exporters 4/ 29.11 53.40 1.60 30.63 29.07 -1.32 25.72 Central Asia 5/ 3.09 7.27 3 / 2.33 5.29 0.00 2.75 Afr. Fr. Zone 6/ 1.14 4.21 3 / 0.16 4.11 0.00 1.08 S. Hemis 7/ 13.55 12.21 0.17 5.17 11.50 -0.33 9.59 Australia 3.81 4.60 3 / 0.04 6.17 -0.20 2.39 Brazil 7.99 6.00 0.07 4.10 4.31 -0.15 5.80 India 10.87 28.50 1.20 21.85 7.75 -1.00 11.97 Major Importers 8/ 39.14 49.63 41.83 68.99 2.71 0.19 58.72 Mexico 0.71 1.04 0.95 1.80 0.23 0.03 0.65 China 31.08 35.00 20.33 36.00 0.05 0.00 50.36 European Union 9/ 0.69 1.49 0.93 0.92 1.58 0.05 0.56 Turkey 1.24 2.65 3.69 6.05 0.22 0.00 1.32 Pakistan 2.84 9.30 2.20 11.00 0.45 0.03 2.86 Indonesia 0.48 0.03 2.60 2.55 0.01 0.05 0.50 Thailand 0.26 3 / 1.51 1.48 0.01 0.03 0.27 Bangladesh 0.87 0.11 3.90 3.90 0.00 0.01 0.97 Vietnam 0.32 0.02 2.41 2.25 0.00 0.00 0.49 2013/14 Est. Beginning Stocks Production ImportsDomestic Use ExportsLoss /2 Ending Stocks World 90.03 118.13 41.07 109.82 41.02 -0.62 99.00 United States 3.90 12.91 0.01 3.60 10.50 0.02 2.70 Total Foreign 86.13 105.22 41.06 106.22 30.52 -0.64 96.30 Major Exporters 4/ 25.72 56.02 1.44 32.59 25.83 -0.83 25.60 Central Asia 5/ 2.75 6.65 3 / 2.41 4.38 0.00 2.61 Afr. Fr. Zone 6/ 1.08 4.30 3 / 0.16 4.09 0.00 1.14 S. Hemis 7/ 9.59 13.54 0.29 5.30 7.94 -0.34 10.52 Australia 2.39 4.10 3 / 0.04 4.80 -0.20 1.85 Brazil 5.80 7.50 0.18 4.20 2.30 -0.15 7.13 India 11.97 30.50 0.75 23.75 9.00 -0.50 10.97 Major Importers 8/ 58.72 46.48 36.60 69.89 2.78 0.19 68.95 Mexico 0.65 0.92 1.05 1.85 0.18 0.03 0.57 China 50.36 32.00 13.50 35.50 0.05 0.00 60.31 European Union 9/ 0.56 1.60 0.90 0.93 1.53 0.05 0.55 Turkey 1.32 2.30 4.50 6.30 0.20 0.00 1.62 Pakistan 2.86 9.50 2.00 11.00 0.60 0.03 2.74 Indonesia 0.50 0.03 2.65 2.65 0.01 0.05 0.47 Thailand 0.27 3 / 1.65 1.60 0.01 0.03 0.29 Bangladesh 0.97 0.12 4.10 4.15 0.00 0.01 1.02 Vietnam 0.49 0.02 3.15 3.00 0.00 0.00 0.66 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marke ting channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks base d on supply less total use and indicated endi ng stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kaza khstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Re public, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Austra lia, Brazil, Paraguay, South Africa, Tanzan ia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes H ong Kong, Japan, Russia, South Korea, a nd Taiwan. 9/ Includes intra-EU trade. June 2014 WASDE - 530 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2014/15 Proj. Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World May 97.91 115.46 36.29 111.83 36.29 -0.13 101.66 Jun 99.00 115.92 35.57 112.29 35.56 -0.08 102.71 United States May 2.80 14.50 0.01 3.70 9.70 0.01 3.90 Jun 2.70 15.00 0.01 3.70 9.70 0.01 4.30 Total Foreign May 95.11 100.96 36.28 108.13 26.59 -0.14 97.76 Jun 96.30 100.92 35.56 108.59 25.86 -0.09 98.41 filler filler filler filler filler filler filler Major Exporters 4/ May 25.12 53.35 1.60 32.17 22.04 -0.33 26.18 Jun 25.60 53.35 1.60 32.92 21.32 -0.28 26.58 Central Asia 5/ May 2.59 6.64 3 / 2.40 4.42 0.00 2.40 Jun 2.61 6.64 3 / 2.40 4.07 0.00 2.78 Afr. Fr. Zone 6/ May 1.14 4.13 3 / 0.13 4.01 0.00 1.13 Jun 1.14 4.13 3 / 0.13 3.94 0.00 1.21 S. Hemis 7/ May 10.62 13.42 0.15 5.30 7.61 -0.34 11.61 Jun 10.52 13.42 0.15 5.30 7.31 -0.29 11.76 Australia May 2.05 3.10 3 / 0.04 3.20 -0.20 2.12 Jun 1.85 3.10 3 / 0.04 3.10 -0.15 1.97 Brazil May 7.03 8.30 0.05 4.20 3.50 -0.15 7.83 Jun 7.13 8.30 0.05 4.20 3.30 -0.15 8.13 India May 10.42 28.50 1.00 23.50 5.70 0.00 10.72 Jun 10.97 28.50 1.00 24.25 5.70 0.00 10.52 filler filler filler filler filler filler filler Major Importers 8/ May 68.24 44.82 31.78 72.23 2.65 0.19 69.79 Jun 68.95 44.80 31.04 71.92 2.64 0.19 70.05 Mexico May 0.57 1.05 1.00 1.80 0.20 0.03 0.60 Jun 0.57 1.05 1.05 1.80 0.20 0.03 0.65 China May 59.56 29.50 8.50 37.00 0.05 0.00 60.51 Jun 60.31 29.50 8.00 37.00 0.05 0.00 60.76 European Union 9/ May 0.55 1.71 0.88 0.96 1.56 0.05 0.56 Jun 0.55 1.69 0.87 0.95 1.51 0.05 0.59 Turkey May 1.39 2.90 3.80 6.40 0.20 0.00 1.49 Jun 1.62 2.90 3.80 6.40 0.20 0.00 1.72 Pakistan May 2.94 9.50 3.00 11.80 0.40 0.03 3.21 Jun 2.74 9.50 2.50 11.30 0.45 0.03 2.96 Indonesia May 0.47 0.03 2.80 2.70 0.01 0.05 0.54 Jun 0.47 0.03 2.80 2.70 0.01 0.05 0.54 Thailand May 0.29 3 / 1.68 1.65 0.01 0.03 0.29 Jun 0.29 3 / 1.68 1.65 0.01 0.03 0.29 Bangladesh May 1.02 0.12 4.30 4.30 0.00 0.01 1.13 Jun 1.02 0.12 4.30 4.30 0.00 0.01 1.13 Vietnam May 0.71 0.02 2.70 2.70 0.00 0.00 0.72 Jun 0.66 0.02 2.90 2.90 0.00 0.00 0.67 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing ch annel; for Australia, Brazil, China, and the United States, refl ects the difference between implicit stocks based on supply less total use a nd indicated ending stocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenist an, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions liste d, includes Hong Kong, Japan, Russia, South Kor ea, and Taiwan. 9/ Includes intra-EU trade. June 2014 WASDE - 530 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Domestic CrushDomestic TotalExports Ending Stocks World 2/ 53.59 267.85 95.56 229.26 259.32 100.65 57.04 United States 4.61 82.56 0.98 45.97 48.42 35.91 3.83 Total Foreign 48.98 185.29 94.58 183.30 210.90 64.74 53.22 Major Exporters 3/ 29.80 143.25 0.42 71.90 76.94 58.69 37.84 Argentina 16.39 49.30 0.00 33.61 35.55 7.74 22.40 Brazil 13.02 82.00 0.40 35.24 38.19 41.90 15.33 Paraguay 0.36 8.30 0.02 2.95 3.08 5.52 0.08 Major Importers 4/ 17.00 15.33 84.16 86.14 102.88 0.38 13.23 China 15.91 13.05 59.87 64.95 76.18 0.27 12.38 European Union 0.54 0.95 12.51 12.74 13.65 0.09 0.25 Japan 0.13 0.24 2.83 1.92 3.01 0.00 0.18 Mexico 0.13 0.25 3.41 3.65 3.69 0.00 0.10 2013/14 Est. Beginnin g Stock s Productio n Import sDomesti c CrushDomesti c Total Export sEndin g Stock s World 2/ 57.04 283.79 107.38 239.09 270.05 110.99 67.17 United States 3.83 89.51 2.45 46.27 48.84 43.55 3.40 Total Foreign 53.22 194.28 104.93 192.82 221.21 67.45 63.77 Major Exporters 3/ 37.84 153.10 0.57 77.95 83.13 61.65 46.74 Argentina 22.40 54.00 0.00 37.30 39.35 8.50 28.55 Brazil 15.33 87.50 0.55 37.00 39.98 45.50 17.91 Paraguay 0.08 8.10 0.02 3.50 3.63 4.30 0.27 Major Importers 4/ 13.23 14.75 93.73 89.63 106.50 0.31 14.90 China 12.38 12.20 69.00 68.35 79.65 0.23 13.70 European Union 0.25 1.23 12.45 12.35 13.28 0.06 0.59 Japan 0.18 0.20 2.80 1.96 3.01 0.00 0.17 Mexico 0.10 0.25 3.65 3.85 3.89 0.00 0.12 2014/15 Proj. Beginnin g Stock s Productio n Import s Domesti c CrushDomesti c Total Export s Endin g Stock s World 2/ May 66.98 299.82 108.33 248.45 280.58 112.33 82.23 Jun 67.17 299.99 108.68 248.45 280.63 112.33 82.88 United States May 3.53 98.93 0.41 46.68 49.67 44.23 8.98 Jun 3.40 98.93 0.41 46.68 49.67 44.23 8.84 Total Foreign May 63.45 200.89 107.92 201.77 230.92 68.10 73.25 Jun 63.77 201.07 108.27 201.77 230.97 68.10 74.04 Major Exporters 3/ May 46.84 156.60 0.17 80.80 86.05 61.50 56.06 Jun 46.74 156.60 0.52 80.80 86.05 61.50 56.31 Argentina May 28.05 54.00 0.00 39.80 41.90 9.00 31.16 Jun 28.55 54.00 0.00 39.80 41.90 9.00 31.66 Brazil May 18.51 91.00 0.15 37.10 40.10 45.00 24.56 Jun 17.91 91.00 0.50 37.10 40.10 45.00 24.31 Paraguay May 0.27 8.20 0.02 3.70 3.83 4.32 0.34 Jun 0.27 8.20 0.02 3.70 3.83 4.32 0.34 Major Importers 4/ May 14.75 14.63 97.25 94.28 111.45 0.39 14.79 Jun 14.90 14.80 97.25 94.28 111.50 0.39 15.07 China May 13.70 12.00 72.00 72.50 83.90 0.30 13.50 Jun 13.70 12.00 72.00 72.50 83.90 0.30 13.50 European Union May 0.44 1.25 12.50 12.58 13.51 0.07 0.61 Jun 0.59 1.43 12.50 12.58 13.56 0.07 0.88 Japan May 0.17 0.21 2.80 1.95 3.01 0.00 0.17 Jun 0.17 0.21 2.80 1.95 3.01 0.00 0.17 Mexico May 0.12 0.29 3.74 3.97 4.00 0.00 0.15 Jun 0.12 0.29 3.74 3.97 4.00 0.00 0.15 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an Octobe r-September year. 2/ World i mports and exports may not balance due to differences in local marketing years and to time lags be tween reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japa n, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Phil ippines, Vietnam, and Thailand). June 2014 WASDE - 530 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 9.76 180.67 53.78 176.67 57.76 9.77 United States 0.27 36.17 0.22 26.34 10.08 0.25 Total Foreign 9.48 144.50 53.56 150.33 47.68 9.52 Major Exporters 3/ 6.36 61.08 0.04 18.83 41.26 7.39 Argentina 3.06 26.09 0.00 1.27 23.67 4.21 Brazil 3.20 27.31 0.03 14.20 13.24 3.10 India 0.11 7.68 0.01 3.36 4.35 0.08 Major Importers 4/ 1.48 13.90 31.18 45.05 0.57 0.93 European Union 0.37 10.19 16.94 26.89 0.54 0.08 Southeast Asia 5/ 0.90 2.26 12.47 14.81 0.04 0.78 2013/14 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 9.77 188.63 58.00 183.92 61.76 10.72 United States 0.25 36.66 0.29 26.49 10.43 0.27 Total Foreign 9.52 151.97 57.72 157.43 51.33 10.45 Major Exporters 3/ 7.39 65.04 0.03 19.89 44.88 7.69 Argentina 4.21 29.00 0.00 1.39 27.80 4.02 Brazil 3.10 28.68 0.03 14.50 13.78 3.53 India 0.08 7.36 0.01 4.00 3.30 0.14 Major Importers 4/ 0.93 13.76 34.05 47.05 0.42 1.27 European Union 0.08 9.85 18.70 27.88 0.35 0.40 Southeast Asia 5/ 0.78 2.43 13.35 15.68 0.07 0.82 2014/15 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ May 11.44 196.10 60.61 191.92 64.76 11.47 Jun 10.72 196.10 60.81 192.40 64.76 10.47 United States May 0.27 36.95 0.15 26.94 10.16 0.27 Jun 0.27 36.95 0.15 26.94 10.16 0.27 Total Foreign May 11.17 159.15 60.46 164.98 54.60 11.20 Jun 10.45 159.15 60.66 165.46 54.60 10.20 Major Exporters 3/ May 8.42 67.64 0.03 20.45 47.62 8.01 Jun 7.69 67.64 0.03 20.70 47.62 7.03 Argentina May 4.74 30.95 0.00 1.23 29.82 4.65 Jun 4.02 30.95 0.00 1.48 29.82 3.68 Brazil May 3.53 28.76 0.03 15.00 14.00 3.31 Jun 3.53 28.76 0.03 15.00 14.00 3.31 India May 0.15 7.93 0.01 4.23 3.80 0.06 Jun 0.14 7.93 0.01 4.23 3.80 0.05 Major Importers 4/ May 1.29 14.06 35.90 49.04 0.72 1.49 Jun 1.27 14.06 36.00 49.14 0.72 1.47 European Union May 0.41 10.03 19.80 29.11 0.65 0.48 Jun 0.40 10.03 19.80 29.11 0.65 0.46 Southeast Asia 5/ May 0.82 2.56 14.00 16.38 0.07 0.93 Jun 0.82 2.56 14.10 16.48 0.07 0.93 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Ar gentina, Brazil, and India. 4/ European Union, Southeast Asia , and Japan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. June 2014 WASDE - 530 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 3.86 42.82 8.43 42.32 9.32 3.48 United States 1.15 8.99 0.09 8.48 0.98 0.77 Total Foreign 2.71 33.83 8.34 33.84 8.33 2.71 Major Exporters 3/ 0.88 15.44 0.40 9.47 6.51 0.74 Argentina 0.32 6.36 0.09 2.28 4.24 0.26 Brazil 0.41 6.76 0.01 5.54 1.25 0.38 European Union 0.15 2.32 0.30 1.65 1.01 0.10 Major Importers 4/ 1.07 13.71 3.88 17.15 0.16 1.36 China 0.62 11.63 1.41 12.55 0.08 1.02 India 0.36 1.69 1.09 2.91 0.00 0.23 North Africa 5/ 0.09 0.40 1.39 1.69 0.07 0.11 2013/14 Est. Beginnin g Stock s Pro duction Import sDomesti c Total Export s Endin g Stock s World 2/ 3.48 44.70 8.94 44.42 9.45 3.26 United States 0.77 9.04 0.09 8.37 0.79 0.74 Total Foreign 2.71 35.67 8.85 36.05 8.66 2.52 Major Exporters 3/ 0.74 16.44 0.32 10.14 6.62 0.74 Argentina 0.26 7.10 0.00 2.69 4.42 0.25 Brazil 0.38 7.10 0.00 5.68 1.40 0.40 European Union 0.10 2.24 0.32 1.77 0.80 0.09 Major Importers 4/ 1.36 14.28 4.26 18.50 0.16 1.24 China 1.02 12.25 1.28 13.51 0.09 0.95 India 0.23 1.64 1.55 3.25 0.00 0.16 North Africa 5/ 0.11 0.40 1.43 1.74 0.08 0.12 2014/15 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ May 3.36 46.34 9.20 45.73 9.76 3.41 Jun 3.26 46.34 9.12 45.81 9.61 3.30 United States May 0.70 8.99 0.07 8.21 0.77 0.78 Jun 0.74 8.99 0.07 8.21 0.77 0.81 Total Foreign May 2.66 37.36 9.13 37.52 8.99 2.63 Jun 2.52 37.36 9.05 37.60 8.84 2.49 Major Exporters 3/ May 0.84 17.00 0.38 10.47 6.97 0.79 Jun 0.74 17.00 0.30 10.54 6.82 0.69 Argentina May 0.35 7.60 0.08 2.89 4.80 0.34 Jun 0.25 7.60 0.00 2.89 4.72 0.24 Brazil May 0.40 7.12 0.00 5.80 1.37 0.35 Jun 0.40 7.12 0.00 5.87 1.30 0.35 European Union May 0.09 2.28 0.30 1.78 0.80 0.10 Jun 0.09 2.28 0.30 1.78 0.80 0.10 Major Importers 4/ May 1.28 15.17 4.42 19.45 0.16 1.26 Jun 1.24 15.17 4.42 19.45 0.16 1.22 China May 1.02 12.99 1.35 14.24 0.08 1.04 Jun 0.95 12.99 1.35 14.24 0.08 0.97 India May 0.16 1.78 1.65 3.45 0.00 0.14 Jun 0.16 1.78 1.65 3.45 0.00 0.14 North Africa 5/ May 0.10 0.41 1.42 1.76 0.08 0.08 Jun 0.12 0.41 1.42 1.76 0.08 0.11 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and i mports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. June 2014 WASDE - 530 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Mea t 2/Broiler Turkey Total Poultry 3 /Red Meat & PoultryEgg Milk Million Pounds Mil doz Bil lbs 2013 II 6,513 5,516 12,096 9,466 1, 486 11,087 23,183 1,968 52.0 III 6,609 5,622 12,298 9,683 1, 440 11,265 23,563 1,994 49.4 IV 6,423 6,274 12,764 9,537 1, 420 11,080 23,844 2,038 49.3 Annual 25,720 23,187 49,174 37,830 5, 805 44,159 93,333 7,946 201.2 2014 I 5,868 5,785 11,716 9,283 1, 332 10,739 22,455 1,982 51.1 II* 6,160 5,490 11,714 9,575 1, 425 11,135 22,849 2,000 52.8 III* 6,310 5,435 11,807 9,750 1, 450 11,340 23,147 2,035 50.9 IV* 6,070 6,110 12,243 9,625 1, 500 11,255 23,498 2,085 51.3 Annual May Proj. 24,563 22,655 47,469 38,428 5, 697 44,659 92,128 8,065 206.1 Jun Proj. 24,408 22,820 47,480 38,233 5, 707 44,469 91,949 8,102 206.1 2015 I* 5,795 5,750 11,608 9,450 1, 400 10,975 22,583 2,005 52.5 Annual May Proj. 24,315 23,310 47,872 39,275 5, 925 45,745 93,617 8,180 212.1 Jun Proj. 24,315 23,310 47,872 39,225 5, 925 45,695 93,567 8,180 212.1 * Projection. 1/ Commercial production for red meats; federa lly inspected for poultry meats. 2/ Beef, pork, veal and lamb & mutton. 3/ Broile rs, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/Barrows and gilts 3/Broilers 4/Turkeys 5/Eggs 6/Milk 7/ Dol./cw t Dol./cw t Cents/lb. Cents/lb. Cents/doz. Dol./cw t 2013 II 124.95 65.46 108.6 97.7 109.9 19.57 III 122.30 70.59 93.9 99.9 119.0 19.60 IV 130.77 61.11 92.8 105.4 143.0 21.50 Annual 125.89 64.05 99.7 99.8 124.7 20.05 2014 I 146.34 68.69 98.4 100.7 142.7 24.53 II* 145-148 84-85 113-116 103-106 136-139 24.40-24.60 III* 140-148 83-87 105-111 104-110 122-128 21.95-22.45 IV* 142-154 70-76 103-111 106-114 133-145 20.85-21.65 Annual May Proj. 143-149 76-80 101-106 103-108 129-135 22.70-23.00 Jun Proj. 143-149 76-80 105-109 103-108 133-139 22.90-23.30 2015 I* 146-158 68-74 101-109 98-106 130-140 20.50-21.50 Annual May Proj. 145-157 70-76 100-108 102-111 122-132 19.70-20.70 Jun Proj. 145-157 70-76 100-108 102-111 122-132 19.75-20.75 *Projection. 1/ Simple average of months . 2/ 5-Area, Direct, Total all grades 3/ National Base, Live equiv 51-52% lean. 4/ Who lesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. June 2014 WASDE - 530 - 32 U.S. Meats Supply and Use Item Beginning stocksProduction 1/ ImportsTotal Supply ExportsEnding StocksTotal UsePer Capita 2/ 3/ Million Pounds /4 Beef 2013 608 25,791 2,250 28,649 2,583 584 25,483 56.4 2014 Proj. May 584 24,634 2,396 27,614 2,508 525 24,581 54.0 Jun 584 24,479 2,446 27,509 2,508 525 24,476 53.7 2015 Proj. May 525 24,386 2,445 27,356 2,425 525 24,406 53.2 Jun 525 24,386 2,445 27,356 2,425 525 24,406 53.2 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2013 625 23,200 879 24,704 4,992 618 19,095 46.8 2014 Proj. May 618 22,668 912 24,198 4,850 525 18,823 45.8 Jun 618 22,833 922 24,373 4,860 525 18,988 46.2 2015 Proj. May 525 23,323 890 24,738 5,035 580 19,123 46.2 Jun 525 23,323 890 24,738 5,035 580 19,123 46.2 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2013 1,260 49,270 3,302 53,832 7,582 1,230 45,020 104.4 2014 Proj. May 1,230 47,564 3,469 52,263 7,367 1,078 43,819 100.9 Jun 1,230 47,575 3,535 52,340 7,377 1,078 43,886 101.1 2015 Proj. May 1,078 47,967 3,501 52,546 7,469 1,133 43,944 100.6 Jun 1,078 47,967 3,501 52,546 7,469 1,133 43,944 100.6 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2013 651 37,425 122 38,199 7,364 669 30,166 81.9 2014 Proj. May 669 38,017 113 38,798 7,531 625 30,642 82.6 Jun 669 37,824 120 38,613 7,306 605 30,702 82.7 2015 Proj. May 625 38,855 116 39,596 7,625 645 31,326 83.8 Jun 605 38,805 116 39,526 7,475 645 31,406 84.0 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2013 296 5,729 22 6,047 758 237 5,052 16.0 2014 Proj. May 237 5,697 21 5,955 713 245 4,997 15.7 Jun 237 5,707 21 5,965 713 225 5,027 15.8 2015 Proj. May 245 5,925 20 6,190 750 310 5,130 16.0 Jun 225 5,925 20 6,170 750 310 5,110 15.9 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2013 949 43,677 146 44,771 8,230 912 35,630 99.1 2014 Proj. May 912 44,247 135 45,295 8,348 874 36,073 99.6 Jun 912 44,059 142 45,114 8,128 834 36,152 99.8 2015 Proj. May 874 45,319 138 46,331 8,500 959 36,872 101.1 Jun 834 45,275 138 46,247 8,350 959 36,938 101.3 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2013 2,208 92,947 3,448 98,603 15,812 2,142 80,649 203.5 2014 Proj. May 2,142 91,812 3,604 97,557 15,714 1,952 79,892 200.5 Jun 2,142 91,635 3,677 97,454 15,504 1,912 80,038 201.0 2015 Proj. May 1,952 93,286 3,639 98,877 15,969 2,092 80,816 201.7 Jun 1,912 93,242 3,639 98,792 15,819 2,092 80,881 201.8 1/ Total including farm production for red meats and, for pou ltry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis for red meat and broilers; certified ready-to-cook weight for turkey. 3/ Populati on source: Dept. of Commerce, Census Bureau . 4/ Carcass weight for red meats and cer tified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys, and mature chicken. June 2014 WASDE - 530 - 33 U.S. Egg Supply and Use Commodity 2012 2013 2014 Proj. 2014 Proj. 2015 Proj. 2015 Proj. May Jun May Jun Eggs Million Dozen Supply Beginning Stocks 27.7 20.8 23.0 23.0 22.0 22.0 Production 7,786.3 7,945.6 8,065.0 8 ,102.0 8,180.0 8,180.0 Imports 18.4 16.9 16.6 22.6 20.0 20.0 Total Supply 7,832.4 7,983.3 8,104.6 8 ,147.6 8,222.0 8,222.0 Use Exports 301.7 371.6 310.0 310.0 320.0 320.0 Hatching Use 940.8 959.9 972.7 972.7 1,000.0 1,000.0 Ending Stocks 20.8 23.0 22.0 22.0 23.0 23.0 Disappearance Total 6,569.1 6,628.8 6,799.9 6 ,842.9 6,879.0 6,879.0 Per Capita (number) 250.8 251.3 256.0 257.6 257.1 257.1 Total U.S. Milk Supply and Use Commodity 2012 2013 2014 Proj. 2014 Proj. 2015 Proj. 2015 Proj. May Jun May Jun Milk Billion Pounds Production 200.5 201.2 206.1 206.1 212.1 212.1 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 10.9 12.2 11.2 11.2 10.9 10.8 Marketings 199.6 200.2 205.2 205.1 211.1 211.1 Imports 4.1 3.7 3.4 3.5 3.4 3.4 Total Cml. Supply 214.6 216.2 219.8 219.7 225.4 225.3 Fat Basis Use Commercial Exports 8.8 12.4 13.3 13.4 12.7 13.0 Ending Commercial Stocks 12.2 11.2 10.9 10.8 12.0 12.0 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 193.6 192.6 195.5 195.6 200.7 200.3 Skim-solid Basis Supply Beg. Commercial Stocks 11.8 12.4 11.7 11.7 11.9 11.9 Marketings 199.6 200.2 205.2 205.1 211.1 211.1 Imports 5.7 5.3 5.4 5.6 5.1 5.2 Total Cml. Supply 217.1 217.9 222.2 222.3 228.1 228.2 Skim-solid Basis Use Commercial Exports 33.3 38.6 38.7 39.4 38.6 38.6 Ending Commercial Stocks 12.4 11.7 11.9 11.9 12.2 12.2 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 171.4 167.7 171.7 171.1 177.4 177.3 Total Note: Totals may not add due to rounding. June 2014 WASDE - 530 - 34 U.S. Dairy Prices Commodity 2012 2013 2014 Proj. 2014 Proj. 2015 Proj. 2015 Proj. May Jun May Jun Product Prices 1/ Dollars Pe r Pound Cheese 1.7076 1.7683 1.995- 2.0252.015- 2.0551.670- 1.7701.670- 1.770 Butter 1.5943 1.5451 1.800- 1.8601.870- 1.9401.615- 1.7451.640- 1.770 Nonfat Dry Milk 1.3279 1.7066 1.830- 1.8601.820- 1.8601.605- 1.6751.605- 1.675 Dry Whey 0.5935 0.5902 0.630- 0.6500.630- 0.6500.550- 0.5800.550- 0.580 Filler Dollars Pe r Cwt Milk Prices 2/ Class III 17.44 17.99 20.55- 20.8520.80- 21.2016.90- 17.9016.95- 17.95 Class IV 16.01 19.05 21.25- 21.6521.45- 21.9518.55- 19.6518.65- 19.75 All Milk 3/ 18.52 20.05 22.70- 23.0022.90- 23.3019.70- 20.7019.75- 20.75 1/ Simple average of monthly prices calculated by AMS from w eekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deduc tions from producers as authorized by legislation. June 2014 WASDE - 530 - 35 Note: Tables on pages 35-37 present a record of the June projec tion and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 3.2 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 5.4 percent. The aver age difference between the June projection and the final estimate is 16.1 million tons, ranging from 0.4 million to 32.2 million tons. The June projection has been below the estimate 2 0 times and above 13 times. Reliability of June Projections 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final WHEAT Percent Million Metric Tons Production Worl d 3.2 5.4 16.1 0.4 32.2 20 13 U.S. 5.9 10.0 2.7 0.0 8.4 19 14 Forei gn 3.3 5.7 14.9 1.1 31.9 19 13 Exports Worl d 6.2 10.6 5.9 0.0 19.2 22 10 U.S. 12.2 20.7 3.0 0.1 10.2 20 13 Forei gn 6.6 11.2 4.9 0.6 19.8 24 8 Domestic Use Worl d 2.2 3.8 9.6 0.5 27.5 20 13 U.S. 7.4 12.5 1.9 0.3 6.4 17 16 Forei gn 2.2 3.7 9.3 0.6 28.6 21 11 Ending Stocks Worl d 10.7 18.2 12.5 1.7 35.0 21 12 U.S. 19.3 32.8 3.4 0.1 14.9 18 15 Forei gn 11.0 18.6 10.5 0.8 30.0 20 12 COARSE GRAINS 2/ Production Worl d 3.8 6.5 26.3 0.6 103.3 17 16 U.S. 14.7 25.0 21.5 1.0 103.8 15 18 Forei gn 2.8 4.8 13.7 0.4 41.6 16 16 Exports Worl d 7.8 13.3 7.3 0.3 20.0 22 11 U.S. 31.0 52.6 8.5 0.1 30.8 13 20 Forei gn 14.6 24.8 6.7 0.5 19.1 20 12 Domestic Use Worl d 2.0 3.4 13.9 0.7 66.7 14 19 U.S. 6.1 10.3 8.3 0.2 37.0 20 13 Forei gn 1.9 3.3 10.0 0.1 33.5 15 17 Ending Stocks Worl d 21.1 35.7 23.1 3.4 69.9 21 12 U.S. 54.4 92.4 17.6 0.5 57.6 16 17 Forei gn 16.7 28.3 12.7 0.1 41.6 23 9 RICE, milled Production Worl d 2.5 4.3 7.3 0.3 21.8 22 11 U.S. 6.9 11.7 0.3 0.0 1.1 19 14 Forei gn 2.6 4.4 7.2 0.4 21.9 21 11 Exports Worl d 10.0 17.0 1.6 0.1 7.5 24 9 U.S. 11.7 19.9 0.3 0.0 1.0 17 13 Forei gn 11.0 18.7 1.6 0.1 7.1 24 8 Domestic Use World 2.0 3.4 5.0 0.0 20.3 22 11 U.S. 9.0 15.2 0.2 0.0 0.5 14 19 Forei gn 2.0 3.5 5.0 0.0 20.8 23 9 Ending Stocks Worl d 14.9 25.3 5.8 0.1 15.7 23 10 U.S. 33.9 57.5 0.3 0.0 0.9 18 13 Forei gn 16.3 27.7 5.9 0.4 15.3 23 9 1/ Footnotes at end of table. CONTINUED June 2014 WASDE - 530 - 36 Reliability of June Projections (Continued) Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final SOYBEANS Percent Million Metric Tons Production World NA NA 11.1 1.5 27.9 3 7 U.S. 9.2 15.5 4.3 0.0 12.0 15 18 Foreign NA NA 10.0 1.2 23.9 4 5 Exports World NA NA 4.6 0.5 10.0 4 6 U.S. 15.8 26.9 3.0 0.3 6.4 19 14 Foreign NA NA 3.6 0.5 8.3 4 5 Domestic Use World NA NA 6.2 0.3 16.9 3 7 U.S. 6.6 11.2 2.0 0.1 7.2 19 14 Foreign NA NA 5.2 0.4 11.3 3 6 Ending Stocks World NA NA 5.3 0.2 12.7 5 5 U.S. 59.6 101.2 2.9 0.4 8.4 9 24 Foreign NA NA 5.5 0.7 13.3 5 4 COTTON Million 480-Pound Bales Production World 6.1 10.3 4.0 0.0 16.4 19 13 U.S. 10.4 17.6 1.5 0.1 5.6 16 17 Foreign 6.2 10.6 3.3 0.2 12.4 19 13 Exports World 10.9 18.5 2.3 0.1 12.4 18 15 U.S. 31.2 53.0 1.4 0.1 3.8 20 13 Foreign 14.0 23.7 1.8 0.1 9.9 17 15 Domestic Use World 4.7 8.0 3.1 0.1 17.1 13 20 U.S. 9.9 16.8 0.6 0.0 1.4 17 15 Foreign 4.8 8.2 3.0 0.0 16.3 16 16 Ending Stocks World 18.3 31.1 6.5 0.9 18.6 23 10 U.S. 43.3 73.5 1.6 0.1 4.6 17 16 Foreign 17.5 29.8 5.5 0.3 17.7 24 8 1/ Marketing years 1981/82 through 2013/14 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the ma rketing year for 1981/82 through 2012/13, and for 2013/14 last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. June 2014 WASDE - 530 - 37 Reliability of United States June Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final CORN Percent Million Bushels Production 17.5 29.7 851 8 4,010 16 17 Exports 32.7 55.4 314 38 1,150 14 19 Domestic Use 14.5 24.5 500 10 5,888 20 13 Ending Stocks 65.3 110.8 636 40 2,091 16 17 SORGHUM Production 20.7 35.1 88 0 228 13 19 Exports 34.0 57.8 42 0 118 14 18 Domestic Use 17.0 28.8 50 0 139 14 18 Ending Stocks 70.8 120.1 51 2 191 11 22 BARLEY Production 15.0 25.4 29 1 206 12 21 Exports 74.4 126.3 15 0 92 16 14 Domestic Use 12.1 20.5 32 0 95 16 16 Ending Stocks 22.7 38.5 24 3 79 14 19 OATS Production 24.8 42.1 33 1 231 7 26 Exports 120.1 203. 81088 1 2 Domestic Use 11.4 19.4 23 5 160 12 21 Ending Stocks 29.5 50.1 18 0 77 10 21 SOYBEAN MEAL Thousand Short Tons Production 6.0 10.1 1,339 57 4,919 20 13 Exports 18.8 31.9 1,045 50 2,650 21 12 Domestic Use 5.0 8.4 929 24 4,650 16 17 Ending Stocks 48.0 81.5 58 0 488 12 14 SOYBEAN OIL Million Pounds Production 5.7 9.6 666 18 2,330 23 10 Exports 35.6 60.4 494 25 1,700 18 15 Domestic Use 4.2 7.2 424 0 2,100 19 13 Ending Stocks 38.9 66.0 460 0 1,432 17 15 ANIMAL PROD. 3/ Million Pounds Beef 4.3 7.5 859 177 2,727 15 5 Pork 3.5 6.0 526 61 1,722 13 7 Broilers 2.6 4.4 719 87 1,465 8 12 Turkeys 4.2 7.3 178 2 478 10 10 Million Dozen Eggs 1.3 2.2 75 2 209 13 7 Billion Pounds Milk 1.7 3.0 2.4 0.2 7.0 11 9 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2013/14 for grains, soybeans, and cotton. Final for grai ns, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2012/13, and for 2013/14 last month’s estimate. Calendar years 1982 through 2013 for meats, eggs, and milk. Final for an imal products is defined as the latest annual production estimate published by NASS for 1982-2013. WASDE-530-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at http://www.fas.usda.gov/psd/online . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric-Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 Intentionally left blank UNITED STATES DEPARTMENT OF AGRICULTURE WORLD AGRICULTURAL OUTLOOK BOARD WASHINGTON, D.C. 20250-3812 ___________________ OFFICIAL BUSINESS Penalty for Private Use, $300 FIRST-CLASS MAIL POSTAGE & FEES PAID USDA PERMIT NO. G-289 World Agricultural Supply and Demand Estimates WASDE-530 – June 11, 2014 Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e-mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu . Select the “Reports by E-Mail” bar to sign up. Print Subscriptions: For print subscriptions, call the Nati onal Technical Information Service (NTIS) at 1-800- 999-6779 or 703-605-6220. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250-9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 610 Approved by the World Agricultural Outlook Board March 9, 2021 WHEAT: The supply and demand outlook for 2020/21 U.S. wheat is mostly unchanged this month but there are offsetting by -class changes to exports and imports. White wheat exports are raised on continued strong sales and shipments to China and South Korea. Convers ely, Hard Red Winter exports are lowered as commitments to several Western Hemisphere markets are below a year ago. The season- average farm price is unchanged at $5.00 per bushel. The 2020/21 global wheat outlook is for larger supplies, increased consumption, higher exports, and reduced stocks this month. Supplies are raised 3.5 million tons to 1,077.1 million. Global production is increased to a record 776.8 million tons, mainly on higher Australia production on the latest ABARES estimate. Australia ’s production is raised to a record 33.0 million tons, surpassing the previous 2016/17 record of 31.8 million. World 2020/21 consumption is increased 6.6 million tons to 775.9 million, mostly on higher feed and residual use for China. Auction sales of China’s old- crop wheat stocks were large in January and February as its domestic corn prices remain at a premium to wheat. This is expected to further heighten China’s 2020/21 wheat feed and residual use, raised 5.0 million tons to a record 35.0 million. Projected 2020/21 global trade is raised 2.9 million tons to a record 197.7 million, mostly on higher exports by Australia and Canada. Australia’s exports are raised on greater exportable supplies while Canada’s exports are increased on a continued strong pace. The largest import changes this month are for China and Pakistan, where imports are raised to 10.5 million and 3.4 million tons, respectively , on a continued robust pace. Projected 2020/21 imports for both countries are well above their 2019/20 im ports. Projected 2020/21 world ending stocks are lowered 3.0 million tons to 301.2 million with most of the reduction due to increased consumption for China. However, global stocks are still slightly higher than 2019/20 with China and India holding 50 and 9 percent of the total, respectively. COARSE GRAINS: This month’s 2020/21 U.S. corn supply and use outlook is unchanged from last month. The projected season- average farm price is unchanged at $4.30 per bushel. Global coarse grain production for 2020/21 is forecast 5.9 million tons higher to 1,444.8 million. The 2020/21 foreign coarse grain outlook is for larger production, increased trade, and greater ending stocks relative to last month. Foreign corn production is forecast higher with increases for India, South Africa, and Bangladesh that are partly offset by a decline for Mexico. India corn production is higher with increases to both area and yield. South Africa corn production is raised reflecting more favorable yield prospects. World barley production is higher with an increase for Australia. WASDE-610-2 Corn exports are raised for India, Vietnam, and South Africa. Imports are increased for Vietnam, Bangladesh, and the Philippines. Barley exports are raised for Australia, with higher imports for Saudi Arabia and Algeria. Foreign corn ending stocks for 2020/21 are higher, mostly reflecting increases for India, Vietnam, and Paraguay that are partly offset by reductions for Argentina and Mexico. Global corn ending stocks, at 287.7 million tons, are up 1.1 million from last month. RICE : The supply and demand outlook is unchanged for 2020/21 U.S. rice this month. The projected 2020/21 all rice season -average farm price is raised $0.20 per cwt to $13.60 with increases in the NASS prices reported to date and price expectations for the remainder of the marketing year. Projected prices for both long -grain and Other States medium - and short -grain are both raised this month to $12.40 and $12.80 per cwt, respectively. The 2020/21 global outlook is for slightly larger supplies, higher consumption, nearly unchanged trade, and reduced stocks. Rice supplies are raised 0.2 million tons to 682.5 million, primarily on higher rice production for India more than offsetting redu ctions for Bangladesh and Australia. India’s production is raised to a record 121.0 million tons on a record yield. This would be India’s fifth successively larger crop since 2016/17. World 2020/21 consumption is increased 0.5 million tons to a record 504.7 million, primarily on more domestic use by India. World trade is virtually unchanged at 46.3 million tons as higher exports by India at a record 15.5 million are offset on reduced exports by Thailand and Brazil. Projected 2020/21 world ending stocks are lowered 0.3 million tons to 177.8 million, primarily on Bangladesh and Australia. OILSEEDS : U.S. soybean supply and use projections for 2020/21 are mostly unchanged this month. With soybean crush and exports projected at 2.20 billion bushels and 2.25 b illion bushels, respectively, ending stocks remain at 120 million bushels, down 405 million from last year’s record. The U.S. season- average soybean price is projected at $11.15 per bushel, unchanged from last month. Although current cash prices are significantly higher, prices received through January have averaged just over $10.00 per bushel, reflecting forward pricing at lower prices. Soybean meal prices are also unchanged at $400.00 per ton. The soybean oil price is forecast at 41.0 cents per pound, up 1 cent from last month. Global 2020/21 oilseed supply and demand forecasts include higher production, exports, and ending stocks. Global production is raised 0.7 million tons to 595.8 million, with higher soybean and rapeseed partly offset by lower palm kernel, cottonseed, and sunflowerseed. Soybean production for Brazil is raised 1 million tons to 134 million, reflecting a revision to the 2019/20 crop and this season’s expected yield trend. India’s soybean production is raised 0.2 million tons to 10.7 million based on updated government area data. Conversely, Argentina’s soybean production is reduced 0.5 million tons to 47.5 million due to dry weather conditions over the past month. Global oilseed exports are raised 0.8 million tons to 194.7 million, mainly on higher rapeseed exports for Ukraine and Australia. Rapeseed imports are increased for the EU -27+UK where the crop is also raised to 17.1 million tons based on updated government data. Global soybean crush is forecast up 1.6 million tons to 323.6 million as higher crush for Argentina and Brazil is partly offset by lower crush for China. Higher crush in Argentina results in higher meal and oil exports. Soybean crush for China is lowered 1 million tons to 98 million WASDE-610-3 based on data to date. Global soybean stocks are slightly higher, with increased stocks for China and Brazil that are mostly offset by lower stocks for Argentina. SUGAR : Mexico sugar production is reduced by 50,000 metric tons (MT) to 5.900 million on lower projections of sugarcane and sugar yields based on analysis of yields reported through the end of February. Deliveries for human consumption are reduced on the pace to date but the reduction is limited by an increase made by CONADESUCA to its own projection. The new projection is 4.030 million MT. That projection plus expected deliveries to IMMEX put total delive ries at 4.445 million MT. There is a minor adjustment to expected ending stocks based on reduced deliveries, and total exports are residually increased to 1.492 million MT. Exports to the United States this month are adjusted in Mexico by the new export limit to be established by the U.S. Department of Commerce after the publication of this March 2021 WASDE as set out in the AD/CVD Suspension Agreement. Because the export limit set by Commerce in December 2020 is larger than U.S. Needs based on this WASD E, the export limit is projected to be set at 794,146 MT, the same as set by Commerce in December. Added to this is a small amount exported to the United States in October 2020 from last year’s allocation to bring the total to 796,528 MT or 903,703 STRV. Exports to third countries that can include exports to the U.S. re- export import program are residually projected at 695,475 MT. U.S. sugar supply for 2020/21 is decreased 219,671 short tons, raw value (STRV) to 14.113 million on projected increases in production being more than offset by decreases in expected imports. Beet sugar production is increased 46,895 STRV to 5.093 million on a projected increase in national sucrose recovery to 15.275 percent. Recoveries in all regions including the Upper Midwest are projected to be at above- average high levels, pushing the national recovery projection 1.50 standard deviations above its 8- year average since 2012/13. Processor forecasts of beet pile shrink have not varied much during the campaign. Estimates of an above- average proportion of sugarbeets sliced relative to beets harvested through the end of January is a sign of reduced probability of shrink for the remainder of the campaign. Processors indicate that recent above- average temperatures are not a major concern for shrink. Cane sugar production in Louisiana is increased by 17,666 STRV to 1.949 million on crop year estimates publi shed in the Sweetener Market Data. Cane sugar production in Texas is reduced 2,252 STRV to 131,748 on a processor report at the end of the campaign. Re-export imports are decreased by 50,000 STRV on the slow pace to date and the likelihood of a continuat ion of lower margins between U.S. and world raw sugar prices. Imports from Mexico are reduced by 231,980 STRV to 903,703 as detailed in the preceding paragraph . U.S. deliveries for human consumption are reduced by 75,000 STRV to 12.125 million on the slow pace through one- third of the fiscal year. These deliveries have been difficult to project because of the unusually high Direct Consumption Imports of 204,670 STRV recorded as entering in September of 2019/20 but unlikely to have been delivered to actual end users until sometime in 2020/21. A precise allocation is difficult to establish but this season’s slow pace of recorded deliveries is indicative of the effect. Ending stocks are residually projected at 1.848 million STRV, implying an ending stocks -to-use ratio of 15.07 percent. LIVESTOCK, POULTRY, AND DAIRY : The 2021 forecast for total red meat and poultry production is lowered from last month as lower expected pork, broiler, and turkey production more than offsets slightly higher beef production. Pork production is lowered on a slower WASDE-610-4 pace of hog slaughter although higher expected carcass weights in the first half of the year temper the decline. Broiler production is lowered for the first quarter on to- date slaughter data; production in the outlying quarters is unchanged from last month. Turkey production i s lowered on recent hatchery and slaughter data. First -half beef production is raised from last month as lower expected fed cattle slaughter in the first quarter is more than offset by higher first-half non- fed cattle slaughter. Second- half production is adjusted to reflect a more rapid pace of first -quarter feedlot placements. Forecast egg production is raised from last month, on both higher table and hatching egg production The 2021 beef import forecast is reduced on increased competition for relatively tight supplies of beef from Oceania. The beef export forecast is unchanged from last month. The annual forecasts for pork imports and exports are unchanged from last month. The broiler export forecast is reduced from last month on expected weakness in demand, and the turkey forecast is lowered on the pace of exports in the first quarter. Fed cattle prices are unchanged from last month. Hog price forecasts are raised from last month on current prices and expectations of firm demand. Broiler and turkey price forecasts are raised on current prices and tighter expected supplies. Egg prices are raised on current prices and stronger expected demand into the next quarter. The 2020 milk production estimate is adjusted to reflect recent data revisions. For 2021, the milk production forecast is lowered slightly from last month as a higher expected cow inventory is more than offset by slower growth in milk per cow. The 2021 fat basis import forecast is reduced on lower expected imports of butterfat; fat basis exports are raised as higher shipments of butterfat more than offset lower forecast cheese exports. On a skim - solids basis, the import forecast is unchanged due to offsetting changes in imports of a number of dairy products while the export forecast is lowered, reflecting expectations of lower lactose shipments which are partly offset by higher exports of skim/nonfat milk powder. The annual cheese price forecast is unchanged from last month as weaker prices in the first part of 2021 are offset by improved demand later in the year. Butter, nonfat dry milk, and whey price forecasts are raised from last month with expected improvements in both domestic and export demand. These higher product prices are reflected in higher Class III and Class IV prices. The 2021 all milk price forecast is raised to $17.75 per cwt. COTTON : This month’s 2020/21 U.S. cotton forecasts show lower production, consumption, and ending stocks relative to last month. Production is reduced 250,000 bales to 14.7 million, base d on the March 9 Cotton Ginnings report. The final estimates for this season’s U.S. area, yield, and production will be published in the May 2021 Crop Production report. Consumption is reduced 100,000 bales due to the industry’s lagging recovery from the previous year’s sharp losses. Ending stocks are 100,000 bales lower this month at 4.2 million bales. The projected marketing year average price received by upland producers of 69.0 cents per pound is up 1 cent from last month. The global 2020/21 cotton supply and demand estimates show lower production and ending stocks compared with last month, but higher mill use and trade. Estimated global production is reduced nearly 830,000 bales, largely due to lower Brazilian and U.S. production. Cotton import pace and indications of recovering global consumption helped boost consumption estimates for Turkey, Bangladesh, Pakistan, and Vietnam, more than offsetting lower WASDE-610-5 projections for the United States and Taiwan. Imports are also projected higher in the countr ies with larger consumption, and the forecast for 2020/21 world trade is more than 600,000 bales higher this month. On the export side, higher Indian exports account for most of the increase as auctions by the Cotton Corporation of India have released much of the cotton purchased last year under the Minimum Support Price program. World ending stocks in 2020/21 are forecast 1.1 million bales lower than last month, at 94.6 million bales. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Mark Jekanowski, (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: SETH MEYER SECR ETARY OF AGRICULTURE DESIGNATE WASDE-610-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone, ICEC Chair, WAOB, mark [email protected] Jennifer Bond, ERS; Graham Soley, FAS; Pete Riley, FPAC. Rice: Mark Simone, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS; Vidalina Abadam, FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Michael McConnell, ERS; Yoonhee Macke, FAS; Sharon Raszap, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Mark Ash, ERS; Bill George, FAS; Gustavo Ferreira, FPAC. Cotton: Steph en MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; James Johnson, FAS; Kent Lanclos, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Andrew Sowell, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Jacob Vuillemin, FAS; Georgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Kim Ha, ERS; Claire Mezoughem, FAS; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Georgi Gabrielyan, FPAC. In 2021, the WASDE report will be released on Apr 9, May 12, Jun 10, Jul 12, Aug 12, Sep 10, Oct 12, Nov 9, and Dec 9. WASDE-610-7 T A B L E OF C O N T E N T S Page Highlights ................................................................................................................. 1 Interagency Commodity Estimates Committees ...................................................... 6 World & U.S. Supply & Use for Grains .................................................................... 8 World & U.S. Supply & Use for Cotton .................................................................... 9 World & U.S. Supply & Use for Oilseeds ............................................................... 10 U.S. Wheat Supply & Use ...................................................................................... 11 U.S. Wheat Supply & Use by Class ....................................................................... 11 U.S. Feed Grain & Corn Supply & Use .................................................................. 12 U.S. Sorghum, Barley & Oats Supply & Use ......................................................... 13 U.S. Rice Supply & Use ......................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................. 15 U.S. Sugar Supply & Use ...................................................................................... 16 Mexico Sugar Supply and Use .............................................................................. 16 U.S. Cotton Supply & Use ..................................................................................... 17 World Wheat Supply & Use ................................................................................... 18 World Coarse Grains Supply & Use ...................................................................... 20 World Corn Supply & Use ...................................................................................... 22 World Rice Supply & Use ...................................................................................... 24 World Cotton Supply & Use ................................................................................... 26 World Soybean Supply & Use ............................................................................... 28 World Soybean Meal Supply & Use ....................................................................... 29 World Soybean Oil Supply & Use .......................................................................... 30 U.S. Quarterly Animal Product Production ............................................................ 31 U.S. Quarterly Prices for Animal Products ............................................................. 31 U.S. Meats Supply and Use ................................................................................... 32 U.S. Egg Supply & Use .......................................................................................... 33 U.S. Milk Supply and Use ...................................................................................... 33 U.S. Dairy Prices ................................................................................................... 34 Reliability Tables ................................................................................................... 35 Related USDA Reports .......................................................................................... 38 Metric Conversion Factors ..................................................................................... 38 Electronic Access and Subscriptions ...................................................................... 40 March 2021 WASDE - 610 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2018/19 2627.57 3449.08 430.38 2640.84 808.23 2019/20 (Est.) 2673.32 3481.55 442.92 2671.35 810.20 filler filler filler filler filler 2020/21 (Proj.) Feb 2716.35 3526.24 469.29 2727.73 798.52 2020/21 (Proj.) Mar 2726.02 3536.22 474.02 2739.12 797.10 filler filler filler filler filler Wheat 2018/19 731.00 1017.98 173.67 734.70 283.28 2019/20 (Est.) 763.92 1047.20 191.52 746.90 300.29 filler filler filler filler filler 2020/21 (Proj.) Feb 773.44 1073.54 194.84 769.32 304.22 2020/21 (Proj.) Mar 776.78 1077.07 197.69 775.89 301.19 filler filler filler filler filler Coarse Grains 5/ 2018/19 1399.23 1769.73 212.81 1421.50 348.22 2019/20 (Est.) 1411.69 1759.91 208.44 1428.12 331.79 filler filler filler filler filler 2020/21 (Proj.) Feb 1438.90 1770.40 228.20 1454.20 316.20 2020/21 (Proj.) Mar 1444.83 1776.62 230.09 1458.54 318.08 filler filler filler filler filler Rice, milled 2018/19 497.34 661.37 43.90 484.64 176.73 2019/20 (Est.) 497.71 674.44 42.96 496.33 178.12 filler filler filler filler filler 2020/21 (Proj.) Feb 504.02 682.30 46.25 504.21 178.10 2020/21 (Proj.) Mar 504.41 682.53 46.25 504.69 177.83 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2018/19 436.32 532.30 83.45 357.57 91.28 2019/20 (Est.) 417.89 516.32 79.77 355.83 80.73 filler filler filler filler filler 2020/21 (Proj.) Feb 431.48 519.31 103.53 350.62 65.17 2020/21 (Proj.) Mar 431.48 519.28 103.55 350.61 65.12 filler filler filler filler filler Wheat 2018/19 51.31 84.88 25.50 29.99 29.39 2019/20 (Est.) 52.58 84.83 26.28 30.56 27.99 filler filler filler filler filler 2020/21 (Proj.) Feb 49.69 80.94 26.81 31.38 22.76 2020/21 (Proj.) Mar 49.69 80.94 26.81 31.38 22.76 filler filler filler filler filler Coarse Grains 5/ 2018/19 377.91 438.46 54.97 323.02 60.47 2019/20 (Est.) 359.43 423.01 50.51 320.68 51.83 filler filler filler filler filler 2020/21 (Proj.) Feb 374.57 429.08 73.77 314.16 41.16 2020/21 (Proj.) Mar 374.57 429.05 73.79 314.15 41.11 filler filler filler filler filler Rice, milled 2018/19 7.11 8.96 2.97 4.57 1.42 2019/20 (Est.) 5.88 8.49 2.99 4.59 0.91 filler filler filler filler filler 2020/21 (Proj.) Feb 7.23 9.29 2.95 5.08 1.25 2020/21 (Proj.) Mar 7.23 9.29 2.95 5.08 1.25 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, co arse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). March 2021 WASDE - 610 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2018/19 2,191.25 2,916.78 346.94 2,283.27 716.95 2019/20 (Est.) 2,255.43 2,965.23 363.15 2,315.52 729.48 filler filler filler filler filler 2020/21 (Proj.) Feb 2,284.87 3,006.93 365.76 2,377.11 733.35 2020/21 (Proj.) Mar 2,294.54 3,016.94 370.48 2,388.51 731.98 filler filler filler filler filler Wheat 2018/19 679.69 933.10 148.17 704.71 253.89 2019/20 (Est.) 711.34 962.37 165.25 716.34 272.31 filler filler filler filler filler 2020/21 (Proj.) Feb 723.74 992.60 168.04 737.94 281.46 2020/21 (Proj.) Mar 727.09 996.13 170.88 744.51 278.43 filler filler filler filler filler Coarse Grains 5/ 2018/19 1,021.32 1,331.27 157.84 1,098.49 287.75 2019/20 (Est.) 1,052.26 1,336.90 157.93 1,107.44 279.96 filler filler filler filler filler 2020/21 (Proj.) Feb 1,064.33 1,341.32 154.43 1,140.04 275.04 2020/21 (Proj.) Mar 1,070.27 1,347.57 156.30 1,144.39 276.97 filler filler filler filler filler Rice, milled 2018/19 490.24 652.41 40.93 480.07 175.31 2019/20 (Est.) 491.83 665.96 39.97 491.74 177.21 filler filler filler filler filler 2020/21 (Proj.) Feb 496.79 673.02 43.30 499.12 176.85 2020/21 (Proj.) Mar 497.19 673.24 43.30 499.61 176.58 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grain s. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2018/19 118.56 199.66 41.65 120.46 79.95 2019/20 (Est.) 122.12 202.06 41.33 102.61 98.84 filler filler filler filler filler 2020/21 (Proj.) Feb 114.14 213.07 43.90 117.21 95.74 2020/21 (Proj.) Mar 113.32 212.15 44.54 117.46 94.59 filler filler filler filler filler United States 2018/19 18.37 22.57 14.84 2.98 4.85 2019/20 (Est.) 19.91 24.77 15.53 2.15 7.25 filler filler filler filler filler 2020/21 (Proj.) Feb 14.95 22.21 15.50 2.40 4.30 2020/21 (Proj.) Mar 14.70 21.95 15.50 2.30 4.20 filler filler filler filler filler Foreign 4/ 2018/19 100.20 177.09 26.81 117.49 75.10 2019/20 (Est.) 102.21 177.30 25.80 100.46 91.59 filler filler filler filler filler 2020/21 (Proj.) Feb 99.19 190.86 28.40 114.81 91.44 2020/21 (Proj.) Mar 98.62 190.20 29.04 115.16 90.39 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. March 2021 WASDE - 610 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2018/19 599.92 718.24 171.04 489.11 133.32 2019/20 (Est.) 578.68 712.00 190.31 507.67 111.70 filler filler filler filler filler 2020/21 (Proj.) Feb 595.09 705.45 193.87 512.99 95.64 2020/21 (Proj.) Mar 595.84 707.54 194.69 514.20 96.40 filler filler filler filler filler Oilmeals 2018/19 333.08 351.13 94.19 329.19 16.69 2019/20 (Est.) 345.90 362.58 94.11 343.07 14.87 filler filler filler filler filler 2020/21 (Proj.) Feb 352.62 366.69 92.51 350.77 11.65 2020/21 (Proj.) Mar 353.77 368.65 93.40 350.83 12.56 filler filler filler filler filler Vegetable Oils 2018/19 203.64 227.48 86.28 199.45 23.50 2019/20 (Est.) 207.51 231.01 86.27 202.96 24.46 filler filler filler filler filler 2020/21 (Proj.) Feb 209.58 233.36 86.72 208.02 21.66 2020/21 (Proj.) Mar 209.38 233.84 87.07 207.80 22.18 filler filler filler filler filler United States Output Tota l Supply Tra de Tota l Use 2/ Ending Stocks Oilseeds 2018/19 130.72 145.66 48.82 61.03 26.54 2019/20 (Est.) 106.98 134.74 47.04 63.04 15.96 filler filler filler filler filler 2020/21 (Proj.) Feb 122.42 140.11 62.35 64.31 4.79 2020/21 (Proj.) Mar 122.42 140.11 62.35 64.32 4.79 filler filler filler filler filler Oilmeals 2018/19 46.52 51.02 12.50 38.10 0.42 2019/20 (Est.) 48.76 53.31 13.05 39.87 0.39 filler filler filler filler filler 2020/21 (Proj.) Feb 49.69 54.11 13.19 40.51 0.41 2020/21 (Proj.) Mar 49.67 54.09 13.19 40.50 0.41 filler filler filler filler filler Vegetable Oils 2018/19 12.20 18.14 1.09 15.88 1.16 2019/20 (Est.) 12.64 18.72 1.51 16.01 1.21 filler filler filler filler filler 2020/21 (Proj.) Feb 13.04 19.07 1.46 16.45 1.17 2020/21 (Proj.) Mar 13.07 19.11 1.39 16.54 1.17 filler filler filler filler filler Foreign 3/ Output Tota l Supply Tra de Tota l Use 2/ Ending Stocks Oilseeds 2018/19 469.21 572.58 122.23 428.08 106.78 2019/20 (Est.) 471.70 577.27 143.27 444.64 95.75 filler filler filler filler filler 2020/21 (Proj.) Feb 472.67 565.34 131.52 448.68 90.85 2020/21 (Proj.) Mar 473.42 567.43 132.34 449.88 91.62 filler filler filler filler filler Oilmeals 2018/19 286.55 300.11 81.69 291.09 16.27 2019/20 (Est.) 297.13 309.28 81.06 303.19 14.49 filler filler filler filler filler 2020/21 (Proj.) Feb 302.93 312.58 79.32 310.26 11.24 2020/21 (Proj.) Mar 304.10 314.55 80.21 310.34 12.15 filler filler filler filler filler Vegetable Oils 2018/19 191.44 209.34 85.18 183.57 22.34 2019/20 (Est.) 194.88 212.29 84.77 186.96 23.25 filler filler filler filler filler 2020/21 (Proj.) Feb 196.54 214.28 85.26 191.58 20.49 2020/21 (Proj.) Mar 196.31 214.73 85.68 191.26 21.00 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. March 2021 WASDE - 610 - 11 U.S. Wheat Supply and Use 1/ 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Feb Mar Million Acres Area Planted 47.8 45.5 44.3 44.3 Area Harvested 39.6 37.4 36.7 36.7 Bushels Yield per Harvested Acre 47.6 51.7 49.7 49.7 Million Bushels Beginning Stocks 1,099 1,080 1,028 1,028 Production 1,885 1,932 1,826 1,826 Imports 135 105 120 120 Supply, Total 3,119 3,117 2,974 2,974 Food 954 962 965 965 Seed 59 60 63 63 Feed and Residual 88 101 125 125 Domestic, Total 1,102 1,123 1,153 1,153 Exports 937 965 985 985 Use, Total 2,039 2,089 2,138 2,138 Ending Stocks 1,080 1,028 836 836 Avg. Farm Price ($/bu) 2/ 5.16 4.58 5.00 5.00 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2019/20 (Est.) Beginning Stocks 516 263 158 88 55 1,080 Production 845 520 240 273 54 1,932 Supply, Total 3/ 1,363 836 402 367 150 3,117 Domestic Use 480 288 204 85 66 1,123 Exports 376 268 92 187 42 965 Use, Total 856 556 297 272 108 2,089 Ending Stocks, Total 506 280 105 95 42 1,028 2020/21 (Proj.) Beginning Stocks 506 280 105 95 42 1,028 Production 659 530 266 302 69 1,826 Supply, Total 3/ 1,168 867 378 405 156 2,974 Domestic Use 435 324 204 96 94 1,153 Exports 350 285 75 245 30 985 Use, Total 785 609 279 341 124 2,138 Ending Stocks, Total Mar 383 258 99 64 32 836 Ending Stocks, Total Feb 362 258 100 84 32 836 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. March 2021 WASDE - 610 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Feb Mar Million Acres Area Planted 99.9 100.6 102.3 102.3 Area Harvested 89.2 89.1 90.7 90.7 Metric Tons Yield per Harvested Acre 4.24 4.03 4.13 4.13 Million Metric Tons Beginning Stocks 57.9 60.5 51.8 51.8 Production 377.7 359.2 374.3 374.3 Imports 2.3 2.8 2.4 2.4 Supply, Total 437.9 422.4 428.5 428.5 Feed and Residual 142.9 154.3 147.2 147.2 Food, Seed & Industrial 179.6 165.8 166.4 166.4 Domestic, Total 322.5 320.1 313.6 313.6 Exports 55.0 50.5 73.8 73.8 Use, Total 377.5 370.6 387.3 387.4 Ending Stocks 60.5 51.8 41.1 41.1 CORN 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. Fe brua ry Mar ch Million Acres Area Planted 88.9 89.7 90.8 90.8 Area Harvested 81.3 81.3 82.5 82.5 Bushels Yield per Harvested Acre 176.4 167.5 172.0 172.0 Million Bushels Beginning Stocks 2,140 2,221 1,919 1,919 Production 14,340 13,620 14,182 14,182 Imports 28 42 25 25 Supply, Total 16,509 15,883 16,127 16,127 Feed and Residual 5,429 5,899 5,650 5,650 Food, Seed & Industrial 2/ 6,793 6,286 6,375 6,375 Ethanol & by -products 3/ 5,378 4,857 4,950 4,950 Domestic, Total 12,222 12,185 12,025 12,025 Exports 2,066 1,778 2,600 2,600 Use, Total 14,288 13,963 14,625 14,625 Ending Stocks 2,221 1,919 1,502 1,502 Avg. Farm Price ($/bu) 4/ 3.61 3.56 4.30 4.30 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data -products/feed-grains- database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. March 2021 WASDE - 610 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Feb Mar Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 5.7 5.3 5.9 5.9 Area Harvested (mil. acres) 5.1 4.7 5.1 5.1 Yield (bushels/acre) 72.1 73.0 73.2 73.2 Beginning Stocks 35 64 30 30 Production 365 341 373 373 Imports 0 0 0 0 Supply, Total 400 405 403 403 Feed and Residual 138 97 70 70 Food, Seed & Industrial 106 75 10 10 Total Domestic 244 171 80 80 Exports 93 204 295 295 Use, Total 336 375 375 375 Ending Stocks 64 30 28 28 Avg. Farm Price ($/bu) 2/ 3.26 3.34 4.80 5.00 Filler Filler Filler Filler Filler BARLEY 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. Fe brua ry Mar ch Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.5 2.8 2.6 2.6 Area Harvested (mil. acres) 2.0 2.2 2.1 2.1 Yield (bushels/acre) 77.5 77.7 77.5 77.5 Beginning Stocks 94 87 80 80 Production 154 172 165 165 Imports 6 7 7 7 Supply, Total 254 266 253 253 Feed and Residual 14 39 25 25 Food, Seed & Industrial 148 142 141 141 Total Domestic 162 180 166 166 Exports 5 6 9 10 Use, Total 167 186 175 176 Ending Stocks 87 80 78 77 Avg. Farm Price ($/bu) 2/ 4.62 4.69 4.70 4.70 Filler Filler Filler Filler Filler OATS 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. Fe brua ry Mar ch Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.7 2.8 3.0 3.0 Area Harvested (mil. acres) 0.9 0.8 1.0 1.0 Yield (bushels/acre) 64.9 64.3 65.1 65.1 Beginning Stocks 41 38 37 37 Production 56 53 65 65 Imports 86 92 94 92 Supply, Total 184 183 196 194 Feed and Residual 66 63 75 75 Food, Seed & Industrial 78 81 79 79 Total Domestic 144 144 154 154 Exports 2 2 2 2 Use, Total 146 146 156 156 Ending Stocks 38 37 40 38 Avg. Farm Price ($/bu) 2/ 2.66 2.82 2.70 2.70 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. March 2021 WASDE - 610 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Feb Mar Million Acres Area Planted 2.95 2.55 3.04 3.04 Area Harvested 2.91 2.48 2.99 2.99 Filler Pounds Yield per Harvested Acre 7,692 7,473 7,619 7,619 Million Hundredweight Beginning Stocks 2/ 29.4 44.9 28.7 28.7 Production 223.8 185.1 227.6 227.6 Imports 29.0 37.3 36.2 36.2 Supply, Total 282.2 267.3 292.4 292.4 Domestic & Residual 3/ 143.8 144.4 160.0 160.0 Exports, Total 4/ 93.6 94.2 93.0 93.0 Rough 33.3 31.2 35.0 35.0 Milled (rough equiv.) 60.3 62.9 58.0 58.0 Use, Total 237.3 238.6 253.0 253.0 Ending Stocks 44.9 28.7 39.4 39.4 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 12.60 13.60 13.40 13.60 Tota l LONG -GRAIN RICE 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. Fe brua ry Mar ch Harvested Acres (mil.) 2.18 1.73 2.30 2.30 Yield (pounds/acre) 7,517 7,261 7,422 7,422 Beginning Stocks 20.3 32.6 16.9 16.9 Production 163.6 125.6 170.9 170.9 Supply, Total 7/ 207.3 188.0 217.3 217.3 Domestic & Residual 3/ 108.5 106.4 125.0 125.0 Exports 8/ 66.2 64.6 65.0 65.0 Use, Total 174.7 171.1 190.0 190.0 Ending Stocks 32.6 16.9 27.3 27.3 Avg. Farm Price ($/cwt) 6/ 10.80 12.00 12.20 12.40 Filler Filler Filler Filler Filler MEDIUM & SHORT -GRAIN RICE 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. Fe brua ry Mar ch Harvested Acres (mil.) 0.73 0.75 0.69 0.69 Yield (pounds/acre) 8,209 7,964 8,282 8,282 Beginning Stocks 7.6 10.2 10.7 10.7 Production 60.3 59.5 56.7 56.7 Supply, Total 7/ 72.8 78.3 74.1 74.1 Domestic & Residual 3/ 35.3 38.0 35.0 35.0 Exports 8/ 27.3 29.6 28.0 28.0 Use, Total 62.6 67.6 63.0 63.0 Ending Stocks 10.2 10.7 11.1 11.1 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 18.50 18.20 16.90 17.00 California 10/ 21.10 21.60 19.00 19.00 Other States 1/ 12.30 11.60 12.50 12.80 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2015/16- 2.9; 2016/17 -3.5; 2017/18- 1.4. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by ty pe may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing- year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short -grain se ason-average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the preliminary California SAFP forecast and the final price has averaged $1.00 per cwt from 2014/15- 2018/19, with a high of $3.50 per cwt in 2017/18 and a low of -$0.20 per cwt in 2015/16. 10/ Marketing year beginning October 1. March 2021 WASDE - 610 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Feb Mar Filler Filler Filler Filler Filler Million Acres Area Planted 89.2 76.1 83.1 83.1 Area Harvested 87.6 74.9 82.3 82.3 Filler Bushels Yield per Harvested Acre 50.6 47.4 50.2 50.2 Million Bushels Beginning Stocks 438 909 525 525 Production 4,428 3,552 4,135 4,135 Imports 14 15 35 35 Supply, Total 4,880 4,476 4,695 4,695 Crushings 2,092 2,165 2,200 2,200 Exports 1,752 1,682 2,250 2,250 Seed 88 96 103 104 Residual 39 9 22 21 Use, Total 3,971 3,952 4,575 4,575 Ending Stocks 909 525 120 120 Avg. Farm Price ($/bu) 2/ 8.48 8.57 11.15 11.15 Tota l SOYBEAN OIL 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. Fe brua ry Mar ch Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,995 1,775 1,849 1,853 Production 4/ 24,197 24,911 25,565 25,630 Imports 397 319 350 350 Supply, Total 26,590 27,006 27,764 27,833 Domestic Disappearance 22,874 22,314 23,300 23,500 Biodiesel 3/ 7,863 7,858 8,300 8,300 Food, Feed & other Industrial 15,011 14,456 15,000 15,200 Exports 1,940 2,839 2,750 2,600 Use, Total 24,815 25,153 26,050 26,100 Ending stocks 1,775 1,853 1,714 1,733 Avg. Price (c/lb) 2/ 28.26 29.65 40.00 41.00 Tota l SOYBEAN MEAL 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. Fe brua ry Mar ch Filler 1 2 3 4 Thousand Short Tons Beginning Stocks 555 402 341 341 Production 4/ 48,814 51,100 51,959 51,959 Imports 683 639 600 600 Supply, Total 50,052 52,142 52,900 52,900 Domestic Disappearance 36,212 37,723 38,300 38,300 Exports 13,438 14,077 14,250 14,250 Use, Total 49,650 51,800 52,550 52,550 Ending Stocks 402 341 350 350 Avg. Price ($/s.t.) 2/ 308.28 299.50 400.00 400.00 Tota l Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only bio diesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,173 million bushels for 2019/20 and 2,200 million bushels for 2020/21. March 2021 WASDE - 610 - 16 U.S. Sugar Supply and Use 1/ 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Feb Mar Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 2,008 1,783 1,618 1,618 Production 2/ 8,999 8,149 9,312 9,374 Beet Sugar 4,939 4,351 5,046 5,093 Cane Sugar 4,060 3,798 4,265 4,281 Florida 2,005 2,106 2,200 2,200 Hawaii 0 0 0 0 Louisiana 1,907 1,566 1,931 1,949 Texas 147 126 134 132 Imports 3,070 4,235 3,404 3,122 TRQ 3/ 1,541 2,152 1,721 1,721 Other Program 4/ 438 432 350 300 Other 5/ 1,092 1,651 1,333 1,101 Mexico 1,000 1,376 1,163 931 Total Supply 14,077 14,166 14,333 14,113 Exports 35 61 35 35 Deliveries 12,231 12,414 12,305 12,230 Food 12,106 12,316 12,200 12,125 Other 6/ 126 98 105 105 Miscellaneous 28 74 0 0 Total Use 12,294 12,549 12,340 12,265 Ending Stocks 1,783 1,618 1,993 1,848 Stocks to Use Ratio 14.5 12.9 16.1 15.1 Tota l 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2019/20 and 2020/21 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2019/20, WTO raw sugar TRQ shortfall (80) and for 2020/21 (99). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Imports from Mexico; and high- tier tariff sugar and syrups not otherwise specified -- for 2019/20 (275) and 2020/21 (170). 6/ Transfers accompanying deliveries for sugar- containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE - reported deliveries: 2018/19 -- 374; estimated 2019/20 -- 298; projected 2020/21 -- 347. Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2019/20 Est. Feb 1,169 5,278 77 4,455 1,212 858 2019/20 Est. Mar 1,169 5,278 77 4,455 1,212 858 2020/21 Proj. Feb 858 5,950 105 4,488 1,490 935 2020/21 Proj. Mar 858 5,900 105 4,445 1,492 926 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2018/19 = 1,528; Estimated 2019/20 = 1,388; Projected 2020/21 = 1,377; Estimated Oct -Jan 2020/21 = 441; Estimated Oct -Jan 2019/20 = 460. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2019/20 (352 est =330 dom.+23 import); 2020/21 (415 proj =350 dom.+65 import). Statistical Adjustments: 2019/20 (1), 2020/21 (0). March 2021 WASDE - 610 - 17 U.S. Cotton Supply and Use 1/ 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Feb Mar Filler Filler Filler Filler Filler Area Million Acres Planted 14.10 13.74 12.09 12.09 Harvested 9.99 11.61 8.70 8.70 Filler Pounds Yield per Harvested Acre 882 823 825 811 Million 480 Pound Bales Beginning Stocks 4.20 4.85 7.25 7.25 Production 18.37 19.91 14.95 14.70 Imports 0.00 0.00 0.00 0.00 Supply, Total 22.57 24.77 22.21 21.95 Domestic Use 2.98 2.15 2.40 2.30 Exports, Total 14.84 15.53 15.50 15.50 Use, Total 17.81 17.68 17.90 17.80 Unaccounted 2/ -0.09 -0.16 0.01 -0.05 Ending Stocks 4.85 7.25 4.30 4.20 Avg. Farm Price 3/ 70.3 59.6 68.0 69.0 Tota l Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. March 2021 WASDE - 610 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 286.98 731.00 171.17 139.20 734.70 173.67 283.28 World Less China 155.78 599.57 168.02 119.20 609.70 172.67 143.51 United States 29.91 51.31 3.66 2.39 29.99 25.50 29.39 Total Foreign 257.07 679.69 167.50 136.81 704.71 148.17 253.89 Major Exporters 4/ 42.93 302.77 7.31 81.91 194.75 120.77 37.50 Argentina 0.47 19.50 0.01 0.05 6.05 12.19 1.74 Australia 4.55 17.60 0.50 5.70 9.20 9.01 4.44 Canada 6.73 32.35 0.48 4.16 9.15 24.38 6.04 EU-27+UK 5/ 17.94 136.58 5.76 51.50 121.05 23.31 15.92 Russia 12.01 71.69 0.45 18.00 40.50 35.86 7.78 Ukraine 1.24 25.06 0.11 2.50 8.80 16.02 1.59 Major Importers 6/ 177.35 199.78 111.72 37.99 294.01 12.44 182.40 Bangladesh 2.23 1.10 5.10 0.28 7.18 0.00 1.26 Brazil 1.31 5.43 7.02 0.50 12.10 0.60 1.06 China 131.20 131.43 3.15 20.00 125.00 1.01 139.77 Japan 1.23 0.86 5.73 0.70 6.45 0.29 1.08 N. Africa 7/ 14.87 21.00 26.96 2.25 46.10 1.19 15.53 Nigeria 0.20 0.06 4.66 0.05 4.32 0.40 0.20 Sel. Mideast 8/ 15.28 17.88 17.23 3.45 37.70 0.63 12.06 Southeast Asia 9/ 5.51 0.00 26.72 7.94 25.29 1.07 5.87 Selected Other India 13.23 99.87 0.02 5.00 95.63 0.50 16.99 Kazakhstan 2.54 13.95 0.09 1.80 6.60 8.30 1.68 2019/20 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 283.28 763.92 185.26 138.95 746.90 191.52 300.29 World Less China 143.51 630.33 179.88 119.95 620.90 190.47 148.61 United States 29.39 52.58 2.86 2.75 30.56 26.28 27.99 Total Foreign 253.89 711.34 182.40 136.20 716.34 165.25 272.31 Major Exporters 4/ 37.50 324.94 6.80 81.21 195.26 141.19 32.80 Argentina 1.74 19.78 0.01 0.05 6.30 13.50 1.72 Australia 4.44 15.20 0.89 5.00 8.50 9.14 2.90 Canada 6.04 32.67 0.68 4.16 9.26 24.63 5.50 EU-27+UK 5/ 15.92 154.51 4.80 52.50 122.50 38.43 14.30 Russia 7.78 73.61 0.33 17.00 40.00 34.49 7.23 Ukraine 1.59 29.17 0.10 2.50 8.70 21.01 1.15 Major Importers 6/ 182.40 202.53 122.16 36.79 297.39 12.79 196.91 Bangladesh 1.26 1.20 6.80 0.30 7.40 0.00 1.86 Brazil 1.06 5.20 7.20 0.50 12.10 0.42 0.94 China 139.77 133.59 5.38 19.00 126.00 1.05 151.68 Japan 1.08 1.10 5.68 0.65 6.37 0.29 1.20 N. Africa 7/ 15.53 18.40 27.74 1.85 46.25 1.07 14.36 Nigeria 0.20 0.06 5.34 0.05 4.90 0.40 0.30 Sel. Mideast 8/ 12.06 22.19 17.71 3.60 38.47 0.78 12.70 Southeast Asia 9/ 5.87 0.00 26.45 7.64 25.05 1.13 6.14 Selected Other India 16.99 103.60 0.02 6.00 95.40 0.51 24.70 Kazakhstan 1.68 11.45 0.58 1.30 6.10 6.99 0.63 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, EU -27+UK, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2021 WASDE - 610 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Feb 300.10 773.44 189.48 147.78 769.32 194.84 304.22 Mar 300.29 776.78 191.59 152.98 775.89 197.69 301.19 World Less China Feb 148.42 639.19 179.48 117.78 629.32 193.84 149.29 Mar 148.61 642.53 181.09 117.98 630.89 196.69 150.76 United States Feb 27.99 49.69 3.27 3.40 31.38 26.81 22.76 Mar 27.99 49.69 3.27 3.40 31.38 26.81 22.76 Total Foreign Feb 272.12 723.74 186.21 144.38 737.94 168.04 281.46 Mar 272.31 727.09 188.32 149.58 744.51 170.88 278.43 Major Exporters 4/ Feb 32.80 328.98 7.23 78.35 192.15 141.50 35.36 Mar 32.80 332.04 7.33 78.75 192.55 144.00 35.61 Argentina Feb 1.72 17.20 0.01 0.05 6.05 11.50 1.38 Mar 1.72 17.20 0.01 0.05 6.05 11.50 1.38 Australia Feb 2.90 30.00 0.20 4.50 8.00 20.00 5.10 Mar 2.90 33.00 0.20 5.00 8.50 22.00 5.60 Canada Feb 5.50 35.18 0.45 4.80 10.00 26.50 4.63 Mar 5.50 35.18 0.55 4.70 9.90 27.00 4.33 EU-27+UK 5/ Feb 14.30 135.80 6.00 49.00 118.50 27.00 10.60 Mar 14.30 135.80 6.00 49.00 118.50 27.00 10.60 Russia Feb 7.23 85.30 0.50 18.00 41.50 39.00 12.53 Mar 7.23 85.35 0.50 18.00 41.50 39.00 12.58 Ukraine Feb 1.15 25.50 0.08 2.00 8.10 17.50 1.12 Mar 1.15 25.50 0.08 2.00 8.10 17.50 1.12 Major Importers 6/ Feb 196.86 203.14 124.25 47.28 313.34 13.11 197.81 Mar 196.91 203.11 125.25 52.18 318.48 13.12 193.68 Bangladesh Feb 1.86 1.25 6.60 0.30 7.50 0.00 2.21 Mar 1.86 1.22 6.60 0.30 7.50 0.00 2.18 Brazil Feb 0.94 6.25 6.70 0.50 12.20 0.90 0.79 Mar 0.94 6.25 6.70 0.50 12.20 0.90 0.79 China Feb 151.68 134.25 10.00 30.00 140.00 1.00 154.93 Mar 151.68 134.25 10.50 35.00 145.00 1.00 150.43 Japan Feb 1.20 1.10 5.60 0.60 6.30 0.28 1.32 Mar 1.20 1.10 5.60 0.60 6.30 0.28 1.32 N. Africa 7/ Feb 14.36 16.64 29.40 1.75 46.95 0.99 12.45 Mar 14.36 16.64 29.40 1.75 46.95 0.99 12.45 Nigeria Feb 0.30 0.06 5.10 0.05 4.76 0.40 0.30 Mar 0.30 0.06 5.50 0.05 4.95 0.50 0.41 Sel. Mideast 8/ Feb 12.70 22.28 18.00 3.59 39.34 0.68 12.97 Mar 12.70 22.28 18.30 3.59 39.44 0.69 13.16 Southeast Asia 9/ Feb 6.09 0.00 25.95 7.39 25.24 1.11 5.69 Mar 6.14 0.00 25.75 7.29 25.09 1.11 5.69 Selected Other India Feb 24.70 107.59 0.03 6.50 103.02 1.80 27.50 Mar 24.70 107.86 0.03 6.50 103.09 2.00 27.50 Kazakhstan Feb 0.63 14.26 0.30 1.40 6.20 7.30 1.69 Mar 0.63 14.26 0.50 1.40 6.20 7.50 1.69 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, EU -27+UK, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabi a, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2021 WASDE - 610 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 370.50 1,399.23 194.34 852.98 1,421.50 212.81 348.22 World Less China 147.52 1,135.27 183.80 657.53 1,134.49 212.74 137.83 United States 57.92 377.91 2.63 143.09 323.02 54.97 60.47 Total Foreign 312.58 1,021.32 191.71 709.89 1,098.49 157.84 287.75 Major Exporters 4/ 27.12 293.19 5.65 127.91 172.32 134.04 19.60 Argentina 3.37 59.22 0.00 12.28 18.09 40.89 3.61 Australia 2.29 11.51 0.01 5.29 7.30 4.08 2.43 Brazil 9.71 104.33 2.32 59.95 70.98 39.72 5.65 Canada 4.57 26.20 2.62 16.18 24.10 5.98 3.30 Russia 1.37 35.00 0.05 18.80 27.37 7.84 1.22 Ukraine 2.91 44.50 0.06 8.33 11.36 34.07 2.04 Major Importers 5/ 39.31 243.80 144.25 294.80 379.72 11.12 36.53 EU-27+UK 6/ 15.66 148.26 26.49 126.00 168.19 8.83 13.39 Japan 1.80 0.18 17.73 13.84 17.95 0.00 1.75 Mexico 6.18 33.47 17.36 31.27 50.51 0.72 5.78 N. Afr & Mideast 7/ 7.80 31.09 39.90 62.17 70.48 0.89 7.41 Saudi Arabia 2.65 0.30 10.17 10.75 11.13 0.00 1.98 Southeast Asia 8/ 2.56 30.19 17.04 37.89 45.72 0.68 3.38 South Korea 1.86 0.23 10.96 8.59 11.20 0.00 1.86 Selected Other China 222.98 263.96 10.54 195.45 287.01 0.07 210.40 2019/20 Est. Beginning Stocks Production Imports Domes tic Feed Domes tic Total 2/ Exports Ending Stocks World 3/ 348.22 1,411.69 200.76 879.56 1,428.12 208.44 331.79 World Less China 137.83 1,143.49 183.26 678.74 1,133.05 208.40 130.81 United States 60.47 359.44 3.11 154.49 320.68 50.51 51.83 Total Foreign 287.75 1,052.25 197.65 725.07 1,107.44 157.93 279.96 Major Exporters 4/ 19.60 306.15 4.48 134.02 178.48 128.77 22.98 Argentina 3.61 58.13 0.01 12.12 17.68 39.23 4.84 Australia 2.43 10.44 0.01 4.84 6.80 3.82 2.25 Brazil 5.65 105.57 2.21 61.51 72.64 35.50 5.28 Canada 3.30 28.61 1.92 17.50 24.85 5.01 3.98 Russia 1.22 40.50 0.18 22.29 31.39 8.63 1.87 Ukraine 2.04 46.55 0.03 8.89 11.89 34.08 2.65 Major Importers 5/ 36.53 257.66 142.42 297.91 384.04 15.76 36.81 EU-27+UK 6/ 13.39 161.98 19.29 124.43 167.34 13.38 13.94 Japan 1.75 0.22 17.63 13.83 17.90 0.00 1.70 Mexico 5.78 32.10 17.60 30.83 50.31 1.03 4.14 N. Afr & Mideast 7/ 7.41 33.34 41.65 65.06 73.53 0.74 8.13 Saudi Arabia 1.98 0.27 11.33 11.15 11.51 0.00 2.07 Southeast Asia 8/ 3.38 29.40 18.27 38.55 46.62 0.61 3.82 South Korea 1.86 0.28 11.99 9.55 12.10 0.00 2.03 Selected Other China 210.40 268.20 17.50 200.82 295.07 0.04 200.98 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in ma rketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ EU -27+UK, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2021 WASDE - 610 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Feb 331.51 1,438.90 220.12 901.79 1,454.20 228.20 316.20 Mar 331.79 1,444.83 222.00 904.24 1,458.54 230.09 318.08 World Less China Feb 130.52 1,170.85 179.87 681.99 1,142.02 228.13 119.17 Mar 130.81 1,176.79 181.75 684.44 1,146.36 230.02 121.05 United States Feb 51.83 374.57 2.69 147.41 314.16 73.77 41.16 Mar 51.83 374.57 2.65 147.40 314.15 73.79 41.11 Total Foreign Feb 279.68 1,064.33 217.43 754.38 1,140.04 154.43 275.04 Mar 279.96 1,070.27 219.34 756.84 1,144.39 156.30 276.97 Major Exporters 4/ Feb 23.31 309.74 4.21 138.56 184.08 129.17 24.00 Mar 22.98 312.10 4.15 138.83 184.40 130.40 24.43 Argentina Feb 5.04 55.59 0.01 13.51 19.18 37.81 3.65 Mar 4.84 55.59 0.01 13.51 19.18 37.81 3.45 Australia Feb 2.25 14.76 0.00 6.28 8.35 5.95 2.71 Mar 2.25 16.56 0.00 6.66 8.73 6.95 3.13 Brazil Feb 5.28 112.41 2.20 63.08 74.22 39.01 6.66 Mar 5.28 112.41 2.20 63.08 74.22 39.03 6.65 Canada Feb 3.98 29.64 1.81 17.53 25.21 6.40 3.83 Mar 3.98 29.64 1.81 17.53 25.21 6.45 3.78 Russia Feb 1.87 41.48 0.07 22.98 32.55 8.69 2.18 Mar 1.87 41.40 0.07 22.87 32.44 8.66 2.23 Ukraine Feb 2.65 38.71 0.02 8.10 11.17 28.31 1.90 Mar 2.65 38.71 0.03 8.10 11.19 28.30 1.90 Major Importers 5/ Feb 36.80 260.28 137.38 300.37 386.86 11.58 36.02 Mar 36.81 260.08 139.21 301.45 388.04 11.88 36.20 EU-27+UK 6/ Feb 13.94 161.76 15.71 124.85 168.09 9.34 13.96 Mar 13.94 161.86 15.76 124.85 168.09 9.34 14.12 Japan Feb 1.70 0.25 17.22 13.46 17.53 0.00 1.65 Mar 1.70 0.25 17.22 13.46 17.53 0.00 1.65 Mexico Feb 4.14 33.59 16.86 30.36 49.79 0.90 3.90 Mar 4.14 33.19 16.88 30.28 49.71 0.90 3.60 N. Afr & Mideast 7/ Feb 8.13 33.77 40.81 65.64 74.07 0.77 7.87 Mar 8.13 33.77 41.02 65.85 74.28 0.77 7.87 Saudi Arabia Feb 2.06 0.27 11.51 11.45 11.81 0.00 2.03 Mar 2.07 0.27 12.31 12.25 12.61 0.00 2.04 Southeast Asia 8/ Feb 3.82 30.35 19.18 40.75 48.97 0.56 3.81 Mar 3.82 30.45 19.93 40.90 49.22 0.86 4.11 South Korea Feb 2.03 0.22 11.61 9.35 11.86 0.00 1.99 Mar 2.03 0.22 11.61 9.35 11.86 0.00 1.99 Selected Other China Feb 200.98 268.05 40.25 219.80 312.18 0.07 197.03 Mar 200.98 268.05 40.25 219.80 312.18 0.07 197.03 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S . excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and expor ts. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some coun tries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ EU -27+UK, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vi etnam. March 2021 WASDE - 610 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 341.07 1,124.99 164.42 703.88 1,144.84 181.73 321.21 World Less China 118.54 867.81 159.94 512.88 870.84 181.71 111.05 United States 54.37 364.26 0.71 137.91 310.45 52.48 56.41 Total Foreign 286.70 760.73 163.71 565.98 834.39 129.25 264.80 Major Exporters 4/ 16.16 211.04 2.25 86.34 108.04 111.47 9.95 Argentina 2.41 51.00 0.00 9.70 13.80 37.24 2.37 Brazil 9.32 101.00 1.66 57.00 67.00 39.68 5.29 Russia 0.20 11.42 0.04 7.60 8.50 2.77 0.38 South Africa 2.67 11.82 0.51 7.04 12.54 1.45 1.02 Ukraine 1.57 35.81 0.04 5.00 6.20 30.32 0.89 Major Importers 5/ 23.25 129.15 99.36 169.33 224.47 5.03 22.26 Egypt 1.85 6.80 9.37 13.70 16.20 0.00 1.81 EU-27+UK 6/ 9.16 64.38 25.25 67.00 87.50 3.63 7.66 Japan 1.39 0.00 16.05 12.30 16.00 0.00 1.45 Mexico 5.65 27.67 16.66 25.90 44.10 0.72 5.16 Southeast Asia 7/ 2.54 30.14 16.66 37.60 45.30 0.68 3.37 South Korea 1.85 0.08 10.86 8.56 10.95 0.00 1.84 Selected Other 0.00 Canada 2.42 13.89 2.56 9.30 15.09 1.80 1.98 China 222.53 257.17 4.48 191.00 274.00 0.02 210.16 2019/20 Est. Beginning Stocks Production Imports Domes tic Feed Domes tic Total 2 / Exports Ending Stocks World 3/ 321.21 1,116.53 165.36 714.33 1,134.62 171.64 303.13 World Less China 111.05 855.75 157.76 521.33 856.62 171.63 102.60 United States 56.41 345.96 1.06 149.83 309.51 45.17 48.76 Total Foreign 264.80 770.57 164.29 564.49 825.11 126.47 254.37 Major Exporters 4/ 9.95 219.01 1.58 88.80 110.80 107.20 12.54 Argentina 2.37 51.00 0.01 9.50 13.50 36.20 3.67 Brazil 5.29 102.00 1.50 58.50 68.50 35.50 4.79 Russia 0.38 14.28 0.05 8.80 9.80 4.07 0.83 South Africa 1.02 15.84 0.00 6.80 12.60 2.50 1.76 Ukraine 0.89 35.89 0.03 5.20 6.40 28.93 1.48 Major Importers 5/ 22.26 129.28 95.28 164.10 219.75 6.45 20.61 Egypt 1.81 6.40 10.43 14.40 16.90 0.01 1.73 EU-27+UK 6/ 7.66 66.72 18.61 60.00 81.00 4.81 7.18 Japan 1.45 0.00 15.89 12.30 15.95 0.00 1.39 Mexico 5.16 26.66 16.53 25.60 43.80 1.03 3.52 Southeast Asia 7/ 3.37 29.35 17.36 37.80 45.65 0.61 3.81 South Korea 1.84 0.08 11.89 9.50 11.80 0.00 2.00 Selected Other 0.00 Canada 1.98 13.40 1.84 8.66 13.96 0.71 2.56 China 210.16 260.78 7.60 193.00 278.00 0.01 200.53 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, EU -27+UK, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2021 WASDE - 610 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Feb 303.01 1,134.05 179.01 727.37 1,150.52 185.70 286.53 Mar 303.13 1,136.31 179.94 728.25 1,151.77 186.55 287.67 World Less China Feb 102.48 873.38 155.01 521.37 861.52 185.68 90.36 Mar 102.60 875.64 155.94 522.25 862.77 186.53 91.49 United States Feb 48.76 360.25 0.64 143.52 305.45 66.04 38.15 Mar 48.76 360.25 0.64 143.52 305.45 66.04 38.15 Total Foreign Feb 254.25 773.80 178.37 583.86 845.07 119.66 248.38 Mar 254.37 776.06 179.30 584.73 846.32 120.51 249.52 Major Exporters 4/ Feb 12.89 216.50 1.56 92.80 114.90 103.10 12.95 Mar 12.54 216.87 1.56 92.70 114.80 103.30 12.87 Argentina Feb 3.87 47.50 0.01 11.00 15.00 34.00 2.38 Mar 3.67 47.50 0.01 11.00 15.00 34.00 2.18 Brazil Feb 4.79 109.00 1.50 60.00 70.00 39.00 6.29 Mar 4.79 109.00 1.50 60.00 70.00 39.00 6.29 Russia Feb 0.83 14.00 0.04 9.90 11.00 3.10 0.77 Mar 0.83 13.87 0.04 9.80 10.90 3.10 0.74 South Africa Feb 1.92 16.50 0.00 7.00 12.80 3.00 2.62 Mar 1.76 17.00 0.00 7.00 12.80 3.20 2.76 Ukraine Feb 1.48 29.50 0.02 4.90 6.10 24.00 0.89 Mar 1.48 29.50 0.02 4.90 6.10 24.00 0.89 Major Importers 5/ Feb 20.61 128.46 91.85 161.60 217.45 3.67 19.80 Mar 20.61 128.46 92.50 161.75 217.60 3.97 20.00 Egypt Feb 1.73 6.40 10.30 14.40 16.90 0.01 1.52 Mar 1.73 6.40 10.30 14.40 16.90 0.01 1.52 EU-27+UK 6/ Feb 7.18 63.60 15.50 56.00 77.00 2.20 7.08 Mar 7.18 63.70 15.50 56.00 77.00 2.20 7.18 Japan Feb 1.39 0.00 15.60 12.00 15.65 0.00 1.34 Mar 1.39 0.00 15.60 12.00 15.65 0.00 1.34 Mexico Feb 3.52 28.00 16.50 25.60 43.85 0.90 3.27 Mar 3.52 27.80 16.50 25.60 43.85 0.90 3.07 Southeast Asia 7/ Feb 3.81 30.30 18.05 39.80 47.80 0.56 3.80 Mar 3.81 30.40 18.70 39.95 47.95 0.86 4.10 South Korea Feb 2.00 0.08 11.50 9.30 11.60 0.00 1.98 Mar 2.00 0.08 11.50 9.30 11.60 0.00 1.98 Selected Other Canada Feb 2.56 13.56 1.70 9.60 14.80 1.00 2.02 Mar 2.56 13.56 1.70 9.60 14.80 1.00 2.02 China Feb 200.53 260.67 24.00 206.00 289.00 0.02 196.18 Mar 200.53 260.67 24.00 206.00 289.00 0.02 196.18 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, EU -27+UK, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2021 WASDE - 610 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 164.03 497.34 43.97 484.64 43.90 176.73 World Less China 55.03 348.85 40.77 341.72 41.13 61.73 United States 0.93 7.11 0.92 4.57 2.97 1.42 Total Foreign 163.10 490.24 43.05 480.07 40.93 175.31 Major Exporters 4/ 28.72 184.66 0.76 145.71 31.76 36.68 Burma 0.81 13.20 0.01 10.25 2.70 1.07 India 22.60 116.48 0.00 99.16 10.42 29.50 Pakistan 1.42 7.30 0.00 3.30 4.49 0.93 Thailand 2.85 20.34 0.25 11.80 7.56 4.08 Vietnam 1.03 27.34 0.50 21.20 6.58 1.10 Major Importers 5/ 122.91 239.14 17.13 247.82 3.18 128.19 China 109.00 148.49 3.20 142.92 2.77 115.00 EU-27+UK 6/ 1.18 1.97 2.15 3.80 0.30 1.19 Indonesia 5.56 34.20 0.60 36.30 0.00 4.06 Nigeria 1.58 4.54 1.90 6.80 0.00 1.22 Philippines 2.29 11.73 3.60 14.10 0.00 3.52 Sel. Mideast 7/ 1.23 2.01 3.93 5.90 0.00 1.27 Selected Other 0.00 Brazil 0.59 7.14 0.75 7.35 0.88 0.25 C. Amer & Carib 8/ 0.57 1.74 1.78 3.47 0.04 0.58 Egypt 1.56 2.80 0.81 4.20 0.02 0.95 Japan 2.22 7.66 0.63 8.40 0.07 2.05 Mexico 0.15 0.19 0.77 0.93 0.03 0.15 South Korea 1.56 3.87 0.29 4.57 0.05 1.09 2019/20 Est. Beginning Stocks Production Imports Total /2 Domes tic Exports Ending Stocks World 3/ 176.73 497.71 42.54 496.33 42.96 178.12 World Less China 61.73 350.98 39.94 351.10 40.36 61.62 United States 1.42 5.88 1.19 4.59 2.99 0.91 Total Foreign 175.31 491.83 41.35 491.74 39.97 177.21 Major Exporters 4/ 36.68 183.53 0.66 153.16 30.48 37.22 Burma 1.07 12.70 0.01 10.35 2.30 1.13 India 29.50 118.87 0.00 105.98 12.49 29.90 Pakistan 0.93 7.20 0.00 3.28 3.82 1.03 Thailand 4.08 17.66 0.25 12.30 5.71 3.98 Vietnam 1.10 27.10 0.40 21.25 6.17 1.18 Major Importers 5/ 128.19 239.81 14.50 250.58 2.97 128.95 China 115.00 146.73 2.60 145.23 2.60 116.50 EU-27+UK 6/ 1.19 1.97 2.44 4.05 0.31 1.24 Indonesia 4.06 34.70 0.55 36.00 0.00 3.31 Nigeria 1.22 5.04 1.40 6.85 0.00 0.81 Philippines 3.52 11.93 2.45 14.30 0.00 3.60 Sel. Mideast 7/ 1.27 2.34 3.98 6.15 0.00 1.44 Selected Other 0.00 Brazil 0.25 7.60 0.95 7.40 1.13 0.27 C. Amer & Carib 8/ 0.58 1.63 1.86 3.39 0.04 0.65 Egypt 0.95 4.30 0.30 4.30 0.02 1.23 Japan 2.05 7.61 0.71 8.35 0.03 1.98 Mexico 0.15 0.18 0.80 0.94 0.02 0.18 South Korea 1.09 3.74 0.45 4.10 0.06 1.14 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, EU -27+UK, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. March 2021 WASDE - 610 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Feb 178.28 504.02 43.80 504.21 46.25 178.10 Mar 178.12 504.41 43.97 504.69 46.25 177.83 World Less China Feb 61.78 355.72 41.00 355.21 43.85 61.90 Mar 61.62 356.11 40.97 355.69 43.85 61.43 United States Feb 0.91 7.23 1.15 5.08 2.95 1.25 Mar 0.91 7.23 1.15 5.08 2.95 1.25 Total Foreign Feb 177.37 496.79 42.65 499.13 43.30 176.85 Mar 177.21 497.19 42.82 499.61 43.30 176.58 Major Exporters 4/ Feb 37.41 186.20 0.71 153.25 34.40 36.67 Mar 37.22 187.30 0.71 153.95 34.50 36.78 Burma Feb 1.23 12.90 0.01 10.50 2.40 1.24 Mar 1.13 13.00 0.01 10.50 2.40 1.24 India Feb 29.70 120.00 0.00 106.00 15.00 28.70 Mar 29.90 121.00 0.00 106.50 15.50 28.90 Pakistan Feb 1.03 7.60 0.00 3.30 4.10 1.23 Mar 1.03 7.60 0.00 3.30 4.10 1.23 Thailand Feb 4.27 18.60 0.20 12.20 6.50 4.37 Mar 3.98 18.60 0.20 12.40 6.10 4.28 Vietnam Feb 1.18 27.10 0.50 21.25 6.40 1.13 Mar 1.18 27.10 0.50 21.25 6.40 1.13 Major Importers 5/ Feb 128.94 241.67 15.40 254.65 2.77 128.58 Mar 128.95 241.17 15.60 254.66 2.77 128.29 China Feb 116.50 148.30 2.80 149.00 2.40 116.20 Mar 116.50 148.30 3.00 149.00 2.40 116.40 EU-27+UK 6/ Feb 1.24 1.98 2.40 4.15 0.32 1.15 Mar 1.24 1.98 2.40 4.15 0.32 1.15 Indonesia Feb 3.31 35.50 0.50 35.80 0.00 3.51 Mar 3.31 35.50 0.50 35.80 0.00 3.51 Nigeria Feb 0.81 4.73 1.80 6.70 0.00 0.64 Mar 0.81 4.73 1.80 6.70 0.00 0.64 Philippines Feb 3.60 12.20 2.20 14.40 0.00 3.60 Mar 3.60 12.20 2.20 14.40 0.00 3.60 Sel. Mideast 7/ Feb 1.43 2.27 3.70 6.20 0.00 1.19 Mar 1.44 2.27 3.70 6.21 0.00 1.20 Selected Other Brazil Feb 0.29 7.48 0.85 7.35 0.90 0.37 Mar 0.27 7.48 0.85 7.35 0.80 0.45 C. Amer & Carib 8/ Feb 0.64 1.64 1.93 3.52 0.03 0.66 Mar 0.65 1.61 1.92 3.50 0.03 0.65 Egypt Feb 1.23 4.00 0.25 4.30 0.02 1.16 Mar 1.23 4.00 0.25 4.30 0.02 1.16 Japan Feb 1.94 7.62 0.69 8.25 0.08 1.92 Mar 1.98 7.62 0.69 8.27 0.08 1.94 Mexico Feb 0.16 0.19 0.80 0.96 0.01 0.19 Mar 0.18 0.19 0.80 0.96 0.01 0.20 South Korea Feb 1.14 3.51 0.45 4.00 0.06 1.04 Mar 1.14 3.51 0.45 4.00 0.06 1.04 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, EU -27+UK, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. March 2021 WASDE - 610 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2018/19 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 81.10 118.56 42.43 120.46 41.65 0.04 79.95 World Less China 43.11 90.81 32.79 80.96 41.43 0.04 44.28 United States 4.20 18.37 3/ 2.98 14.84 -0.09 4.85 Total Foreign 76.90 100.20 42.43 117.49 26.81 0.14 75.10 Major Exporters 4/ 26.93 54.52 2.48 33.32 22.33 0.02 28.26 Central Asia 5/ 2.67 5.44 3/ 3.80 2.04 0.00 2.28 Afr. Fr. Zone 6/ 1.61 5.43 3/ 0.17 5.47 0.00 1.41 S. Hemis. 7/ 13.19 17.22 0.18 4.39 10.86 0.01 15.32 Australia 3.04 2.20 3/ 0.04 3.63 0.00 1.57 Brazil 8.66 13.00 0.02 3.40 6.02 0.00 12.26 India 9.23 25.80 1.80 24.30 3.52 0.00 9.00 Major Importers 8/ 48.11 42.69 37.40 79.99 3.24 0.11 44.87 Mexico 0.66 1.74 0.85 2.00 0.52 0.03 0.69 China 37.99 27.75 9.64 39.50 0.21 0.00 35.67 EU-27+UK 9/ 0.30 1.71 0.64 0.70 1.72 0.03 0.22 Turkey 1.95 3.75 3.61 6.90 0.71 0.00 1.69 Pakistan 2.83 7.60 2.85 10.70 0.06 0.03 2.50 Indonesia 0.63 3/ 3.05 3.15 0.01 0.00 0.53 Thailand 0.20 3/ 1.08 1.05 0.00 0.03 0.20 Bangladesh 1.86 0.14 7.00 7.20 0.00 0.01 1.78 Vietnam 1.29 3/ 6.94 7.00 0.00 0.00 1.23 2019/20 Est. Beginning Stocks Production Imports Domes tic Use Exports Los s /2 Ending Stocks World 79.95 122.12 40.68 102.61 41.33 -0.04 98.84 World Less China 44.28 94.87 33.54 69.61 41.17 -0.04 61.94 United States 4.85 19.91 3/ 2.15 15.53 -0.16 7.25 Total Foreign 75.10 102.21 40.67 100.46 25.80 0.13 91.59 Major Exporters 4/ 28.26 58.53 2.87 28.25 21.31 0.02 40.08 Central Asia 5/ 2.28 5.96 3/ 3.94 1.63 0.00 2.68 Afr. Fr. Zone 6/ 1.41 5.91 3/ 0.14 4.89 0.00 2.29 S. Hemis. 7/ 15.32 16.71 0.14 3.56 11.31 0.01 17.29 Australia 1.57 0.63 3/ 0.04 1.36 0.00 0.80 Brazil 12.26 13.78 0.01 2.70 8.94 0.00 14.40 India 9.00 29.50 2.28 20.00 3.20 0.00 17.58 Major Importers 8/ 44.87 40.62 35.44 68.58 3.18 0.11 49.06 Mexico 0.69 1.57 0.59 1.50 0.66 0.03 0.67 China 35.67 27.25 7.14 33.00 0.16 0.00 36.90 EU-27+UK 9/ 0.22 2.00 0.58 0.60 1.82 0.03 0.35 Turkey 1.69 3.45 4.67 6.60 0.45 0.00 2.77 Pakistan 2.50 6.20 3.98 9.20 0.06 0.03 3.39 Indonesia 0.53 3/ 2.51 2.40 0.00 0.00 0.64 Thailand 0.20 3/ 0.70 0.78 0.00 0.02 0.10 Bangladesh 1.78 0.14 7.50 6.90 0.00 0.01 2.52 Vietnam 1.23 3/ 6.48 6.30 0.00 0.00 1.41 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, re flects the difference between implicit stocks based on suppl y less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regi ons listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. March 2021 WASDE - 610 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2020/21 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Feb 98.92 114.14 43.92 117.21 43.90 0.14 95.74 Mar 98.84 113.32 44.53 117.46 44.54 0.09 94.59 World Less China Feb 62.03 85.14 32.92 77.71 43.78 0.14 58.46 Mar 61.94 84.32 33.53 77.96 44.42 0.09 57.32 United States Feb 7.25 14.95 3/ 2.40 15.50 0.01 4.30 Mar 7.25 14.70 3/ 2.30 15.50 -0.05 4.20 filler filler filler filler filler filler filler Total Foreign Feb 91.67 99.19 43.91 114.81 28.40 0.13 91.44 Mar 91.59 98.62 44.52 115.16 29.04 0.13 90.39 Major Exporters 4/ Feb 40.13 56.75 1.51 33.18 24.35 0.02 40.83 Mar 40.08 56.20 1.51 33.16 24.93 0.02 39.68 Central Asia 5/ Feb 2.72 5.83 3/ 4.19 1.58 0.00 2.78 Mar 2.68 5.83 3/ 4.18 1.63 0.00 2.70 Afr. Fr. Zone 6/ Feb 2.29 4.77 3/ 0.14 4.82 0.00 2.09 Mar 2.29 4.77 3/ 0.14 4.77 0.00 2.14 S. Hemis. 7/ Feb 17.29 16.80 0.16 3.92 12.69 0.01 17.63 Mar 17.29 16.25 0.16 3.91 12.57 0.01 17.21 Australia Feb 0.80 2.60 3/ 0.04 1.50 0.00 1.87 Mar 0.80 2.60 3/ 0.04 1.40 0.00 1.97 filler filler filler filler filler filler filler Brazil Feb 14.40 12.00 0.03 3.00 10.00 0.00 13.43 Mar 14.40 11.50 0.03 3.00 10.00 0.00 12.93 India Feb 17.58 29.00 0.80 24.30 5.00 0.00 18.08 Mar 17.58 29.00 0.80 24.30 5.70 0.00 17.38 Major Importers 8/ Feb 49.07 39.28 39.90 77.71 2.63 0.11 47.80 Mar 49.06 39.26 40.51 78.09 2.69 0.11 47.94 Mexico Feb 0.67 1.05 0.80 1.60 0.35 0.03 0.54 Mar 0.67 1.03 0.80 1.55 0.40 0.03 0.52 China Feb 36.90 29.00 11.00 39.50 0.13 0.00 37.27 Mar 36.90 29.00 11.00 39.50 0.13 0.00 37.27 EU-27+UK 9/ Feb 0.35 1.68 0.61 0.66 1.63 0.03 0.32 Mar 0.35 1.68 0.61 0.66 1.63 0.03 0.32 Turkey Feb 2.77 2.90 4.60 7.30 0.45 0.00 2.52 Mar 2.77 2.90 4.80 7.50 0.45 0.00 2.52 Pakistan Feb 3.39 4.50 5.00 10.20 0.05 0.03 2.62 Mar 3.39 4.50 5.20 10.30 0.05 0.03 2.72 Indonesia Feb 0.64 3/ 2.40 2.55 0.00 0.00 0.49 Mar 0.64 3/ 2.40 2.55 0.00 0.00 0.49 Thailand Feb 0.10 3/ 0.60 0.58 0.00 0.03 0.10 Mar 0.10 3/ 0.60 0.58 0.00 0.03 0.10 Bangladesh Feb 2.52 0.15 7.00 7.40 0.00 0.01 2.25 Mar 2.52 0.15 7.20 7.50 0.00 0.01 2.35 Vietnam Feb 1.41 3/ 6.70 6.70 0.00 0.00 1.41 Mar 1.41 3/ 6.80 6.80 0.00 0.00 1.41 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on suppl y less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso , Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. March 2021 WASDE - 610 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 100.16 361.04 145.80 298.71 344.45 148.83 113.72 World Less China 77.09 345.08 63.26 213.71 242.45 148.71 94.27 United States 11.92 120.52 0.38 56.94 60.40 47.68 24.74 Total Foreign 88.23 240.53 145.42 241.78 284.04 101.15 88.98 Major Exporters 3/ 57.90 186.35 6.56 86.99 96.73 91.64 62.44 Argentina 23.73 55.30 6.41 40.57 47.45 9.10 28.89 Brazil 32.70 119.70 0.14 42.53 45.18 74.89 32.47 Paraguay 1.45 8.52 0.01 3.82 4.02 4.90 1.06 Major Importers 4/ 25.67 19.84 115.02 113.03 138.08 0.32 22.14 China 23.06 15.97 82.54 85.00 102.00 0.12 19.46 EU-27+UK 1.40 2.67 14.99 15.60 17.26 0.18 1.61 Southeast Asia 0.84 0.66 8.31 3.81 9.08 0.02 0.71 Mexico 0.17 0.34 5.87 6.15 6.20 0.00 0.18 2019/20 Est. Beginning Stocks Production Imports Domes tic C rus h Domes tic Tota l Exports Ending Stocks World 2/ 113.72 339.00 165.32 311.26 356.82 165.18 96.04 World Less China 94.27 320.90 66.79 219.76 247.62 165.09 69.24 United States 24.74 96.67 0.42 58.91 61.77 45.78 14.28 Total Foreign 88.98 242.33 164.90 252.35 295.05 119.40 81.77 Major Exporters 3/ 62.44 189.19 5.44 88.35 98.30 110.67 48.11 Argentina 28.89 48.80 4.88 38.77 45.87 10.00 26.70 Brazil 32.47 128.50 0.55 46.00 48.65 92.13 20.75 Paraguay 1.06 9.90 0.01 3.50 3.70 6.62 0.65 Major Importers 4/ 22.14 21.77 132.86 121.01 146.85 0.29 29.62 China 19.46 18.10 98.53 91.50 109.20 0.09 26.80 EU-27+UK 1.61 2.62 15.66 16.35 18.01 0.19 1.69 Southeast Asia 0.71 0.61 9.34 4.50 9.85 0.02 0.79 Mexico 0.18 0.24 6.00 6.20 6.25 0.00 0.16 2020/21 Proj. Beginning Stocks Production Imports Domes tic C rus h Domes tic Tota l Exports Ending Stocks World 2/ Feb 94.85 361.08 166.96 321.98 369.84 169.69 83.36 Mar 96.04 361.82 166.90 323.58 371.31 169.72 83.74 World Less China Feb 68.05 341.48 66.96 222.98 252.14 169.59 54.76 Mar 69.24 342.22 66.90 225.58 254.61 169.62 54.14 United States Feb 14.28 112.55 0.95 59.87 63.29 61.24 3.25 Mar 14.28 112.55 0.95 59.87 63.29 61.24 3.25 Total Foreign Feb 80.58 248.53 166.00 262.10 306.55 108.45 80.11 Mar 81.77 249.28 165.95 263.70 308.03 108.49 80.48 Major Exporters 3/ Feb 46.92 193.45 4.91 88.33 98.33 100.43 46.52 Mar 48.11 193.90 5.11 90.48 100.53 100.63 45.96 Argentina Feb 26.70 48.00 4.50 39.00 46.20 7.00 26.00 Mar 26.70 47.50 4.70 40.20 47.40 7.00 24.50 Brazil Feb 20.05 133.00 0.40 45.50 48.10 85.00 20.35 Mar 20.75 134.00 0.40 46.50 49.15 85.00 21.00 Paraguay Feb 0.16 10.25 0.01 3.75 3.95 6.30 0.17 Mar 0.65 10.20 0.01 3.70 3.90 6.50 0.46 Major Importers 4/ Feb 29.62 23.39 134.54 129.49 156.60 0.33 30.62 Mar 29.62 23.39 134.39 128.49 155.45 0.33 31.62 China Feb 26.80 19.60 100.00 99.00 117.70 0.10 28.60 Mar 26.80 19.60 100.00 98.00 116.70 0.10 29.60 EU-27+UK Feb 1.69 2.70 15.15 16.85 18.51 0.20 0.83 Mar 1.69 2.70 15.15 16.85 18.51 0.20 0.83 Southeast Asia Feb 0.79 0.60 9.78 4.72 10.27 0.03 0.87 Mar 0.79 0.60 9.63 4.72 10.12 0.03 0.87 Mexico Feb 0.16 0.26 6.20 6.40 6.47 0.00 0.14 Mar 0.16 0.26 6.20 6.40 6.47 0.00 0.14 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, EU -27+UK, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to rounding. March 2021 WASDE - 610 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 14.42 233.99 62.82 230.16 67.74 13.33 World Less China 14.42 166.67 62.80 163.76 66.81 13.33 United States 0.50 44.28 0.62 32.85 12.19 0.37 Total Foreign 13.92 189.71 62.20 197.31 55.55 12.96 Major Exporters 3/ 7.26 71.89 0.10 26.05 47.11 6.08 Argentina 2.74 31.25 0.03 3.13 28.83 2.06 Brazil 4.30 32.96 0.02 17.65 16.09 3.54 India 0.22 7.68 0.05 5.28 2.19 0.48 Major Importers 4/ 1.88 22.02 38.90 60.16 0.59 2.06 EU-27+UK 0.33 12.32 18.76 30.34 0.37 0.69 Mexico 0.17 4.86 1.89 6.65 0.01 0.26 Southeast Asia 5/ 1.27 2.98 16.66 19.70 0.20 1.01 2019/20 Est. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ 13.33 244.39 62.68 241.54 67.22 11.64 World Less China 13.33 171.92 62.63 170.03 66.20 11.64 United States 0.37 46.36 0.58 34.22 12.77 0.31 Total Foreign 12.96 198.03 62.10 207.32 54.45 11.33 Major Exporters 3/ 6.08 72.24 0.04 27.42 45.81 5.13 Argentina 2.06 29.87 0.00 3.20 27.46 1.27 Brazil 3.54 35.65 0.01 18.50 17.50 3.20 India 0.48 6.72 0.03 5.72 0.85 0.66 Major Importers 4/ 2.06 23.19 38.65 61.85 0.58 1.47 EU-27+UK 0.69 12.92 17.62 30.74 0.36 0.12 Mexico 0.26 4.90 1.84 6.90 0.01 0.10 Southeast Asia 5/ 1.01 3.51 17.34 20.62 0.21 1.03 2020/21 Proj. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ Feb 10.88 252.92 62.87 251.03 66.51 9.13 Mar 11.64 254.15 62.82 251.30 67.26 10.05 World Less China Feb 10.88 174.51 62.86 173.60 65.51 9.13 Mar 11.64 176.53 62.81 174.67 66.26 10.05 United States Feb 0.31 47.14 0.54 34.75 12.93 0.32 Mar 0.31 47.14 0.54 34.75 12.93 0.32 Total Foreign Feb 10.57 205.78 62.33 216.28 53.58 8.82 Mar 11.33 207.01 62.28 216.56 54.33 9.73 Major Exporters 3/ Feb 4.33 72.93 0.06 27.89 45.37 4.05 Mar 5.13 74.72 0.06 28.84 46.07 5.00 Argentina Feb 1.27 30.05 0.00 3.30 26.70 1.32 Mar 1.27 31.00 0.00 3.25 27.40 1.62 Brazil Feb 2.40 35.28 0.02 18.50 16.80 2.39 Mar 3.20 36.04 0.02 19.50 16.80 2.96 India Feb 0.66 7.60 0.04 6.09 1.87 0.34 Mar 0.66 7.68 0.04 6.09 1.87 0.42 Major Importers 4/ Feb 1.47 23.96 38.98 62.47 0.53 1.41 Mar 1.47 23.96 38.98 62.42 0.58 1.41 EU-27+UK Feb 0.12 13.31 18.05 31.09 0.30 0.09 Mar 0.12 13.31 18.05 31.04 0.35 0.09 Mexico Feb 0.10 5.06 1.93 6.98 0.01 0.10 Mar 0.10 5.06 1.93 6.98 0.01 0.10 Southeast Asia 5/ Feb 1.03 3.69 17.30 20.79 0.22 1.01 Mar 1.03 3.69 17.30 20.79 0.22 1.01 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ EU -27+UK, Southeast Asia, and Japan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. March 2021 WASDE - 610 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 3.94 56.00 10.68 55.14 11.23 4.25 World Less China 3.37 40.77 9.90 39.26 11.04 3.75 United States 0.91 10.98 0.18 10.38 0.88 0.81 Total Foreign 3.04 45.03 10.50 44.77 10.35 3.45 Major Exporters 3/ 0.82 19.90 0.45 12.30 7.79 1.08 Argentina 0.27 8.04 0.00 2.62 5.27 0.43 Brazil 0.37 8.18 0.02 7.17 1.08 0.33 EU-27+UK 0.15 2.96 0.42 2.46 0.79 0.29 Major Importers 4/ 1.03 18.06 6.60 24.18 0.30 1.20 China 0.57 15.23 0.78 15.89 0.20 0.50 India 0.17 1.73 3.00 4.75 0.01 0.14 North Africa 5/ 0.19 0.77 1.83 2.38 0.10 0.31 2019/20 Est. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ 4.25 58.25 11.30 57.10 12.15 4.56 World Less China 3.75 41.86 10.30 40.01 11.99 3.91 United States 0.81 11.30 0.15 10.12 1.29 0.84 Total Foreign 3.45 46.95 11.15 46.98 10.86 3.72 Major Exporters 3/ 1.08 20.28 0.56 12.53 7.96 1.43 Argentina 0.43 7.68 0.00 2.18 5.40 0.52 Brazil 0.33 8.85 0.07 7.77 1.16 0.33 EU-27+UK 0.29 3.11 0.49 2.54 0.77 0.57 Major Importers 4/ 1.20 19.46 7.09 25.98 0.47 1.30 China 0.50 16.40 1.00 17.09 0.16 0.65 India 0.14 1.51 3.61 5.10 0.02 0.15 North Africa 5/ 0.31 1.08 1.79 2.54 0.29 0.35 2020/21 Proj. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ Feb 4.55 60.30 11.44 59.59 12.12 4.58 Mar 4.56 60.60 11.71 59.93 12.40 4.53 World Less China Feb 3.90 42.56 10.34 40.89 11.97 3.93 Mar 3.91 43.04 10.61 41.42 12.25 3.88 United States Feb 0.84 11.60 0.16 10.57 1.25 0.78 Mar 0.84 11.63 0.16 10.66 1.18 0.79 Total Foreign Feb 3.71 48.71 11.28 49.02 10.87 3.81 Mar 3.72 48.97 11.55 49.27 11.23 3.75 Major Exporters 3/ Feb 1.31 20.38 0.63 12.38 8.41 1.54 Mar 1.43 20.74 0.63 12.59 8.62 1.60 Argentina Feb 0.39 7.72 0.00 2.00 5.75 0.35 Mar 0.52 7.90 0.00 1.95 6.00 0.48 Brazil Feb 0.35 8.75 0.21 7.70 1.15 0.46 Mar 0.33 8.95 0.21 7.95 1.15 0.39 EU-27+UK Feb 0.57 3.20 0.42 2.64 0.83 0.72 Mar 0.57 3.20 0.42 2.64 0.83 0.72 Major Importers 4/ Feb 1.47 21.08 7.06 27.87 0.32 1.42 Mar 1.30 20.93 7.32 27.94 0.37 1.25 China Feb 0.65 17.74 1.10 18.69 0.15 0.65 Mar 0.65 17.56 1.10 18.51 0.15 0.65 India Feb 0.15 1.71 3.60 5.25 0.01 0.20 Mar 0.15 1.73 3.80 5.47 0.02 0.20 North Africa 5/ Feb 0.52 1.07 1.61 2.60 0.16 0.44 Mar 0.35 1.08 1.67 2.63 0.21 0.26 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and EU -27+UK. 4/ China, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. March 2021 WASDE - 610 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2019 Annual 27,155 27,638 55,015 43,905 5,818 50,251 105,266 9,442 218.4 2020 I 6,929 7,426 14,407 11,238 1,469 12,842 27,248 2,348 56.2 II 6,054 6,311 12,417 10,940 1,369 12,446 24,863 2,254 56.1 III 7,110 7,049 14,208 11,358 1,454 12,958 27,166 2,311 55.4 IV 7,059 7,514 14,622 11,047 1,451 12,630 27,252 2,371 55.6 Annual Feb Est. 27,152 28,300 55,654 44,574 5,743 50,866 106,519 9,267 223.1 Mar Est. 27,152 28,300 55,654 44,583 5,743 50,876 106,530 9,283 223.2 2021 I* 6,940 7,355 14,344 10,950 1,400 12,480 26,824 2,305 56.7 II* 6,965 6,765 13,780 11,130 1,410 12,675 26,455 2,315 58.1 III* 6,900 7,040 13,990 11,445 1,430 13,020 27,010 2,355 56.5 IV* 6,775 7,520 14,347 11,255 1,450 12,835 27,182 2,405 56.1 Annual Feb Proj. 27,540 28,710 56,453 44,880 5,725 51,145 107,598 9,340 227.4 Mar Proj. 27,580 28,680 56,461 44,780 5,690 51,010 107,471 9,380 227.3 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2019 Annual 116.78 47.95 88.6 89.2 94.0 18.63 2020 I 118.32 42.52 83.5 97.4 133.1 18.83 II 105.79 38.96 67.0 103.7 119.6 15.37 III 101.74 40.50 66.7 111.3 89.0 19.07 IV 108.18 50.75 75.7 113.6 107.2 20.00 Annual Feb Est. 108.51 43.18 73.2 106.5 112.2 18.32 Mar Est. 108.51 43.18 73.2 106.5 112.2 18.32 2021 I* 113.00 54.00 85.0 110.0 130.0 17.00 II* 113.00 60.00 92.0 111.0 100.0 17.30 III* 114.00 57.00 82.0 113.0 104.0 18.00 IV* 119.00 52.00 81.0 112.0 123.0 18.75 Annual Feb Proj. 115.0 50.5 84.5 111.0 112.0 17.15 Mar Proj. 115.0 56.0 85.0 111.5 114.5 17.75 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8 -16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. March 2021 WASDE - 610 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2019 662 27,224 3,058 30,944 3,026 642 27,276 58.1 2020 Est. Feb 642 27,221 3,343 31,206 2,956 713 27,537 58.4 Mar 642 27,221 3,343 31,206 2,956 716 27,534 58.4 2021 Proj. Feb 713 27,609 3,005 31,327 3,145 650 27,532 58.1 Mar 716 27,649 2,935 31,300 3,145 650 27,505 58.0 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2019 559 27,652 945 29,156 6,321 646 22,188 52.4 2020 Est. Feb 646 28,314 904 29,865 7,282 458 22,125 52.0 Mar 646 28,314 904 29,865 7,282 467 22,115 52.0 2021 Proj. Feb 458 28,724 945 30,127 7,175 530 22,422 52.4 Mar 467 28,694 945 30,107 7,175 475 22,457 52.5 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2019 1,266 55,108 4,275 60,649 9,353 1,330 49,966 111.9 2020 Est. Feb 1,330 55,747 4,548 61,625 10,257 1,205 50,163 111.7 Mar 1,330 55,747 4,548 61,625 10,257 1,217 50,151 111.7 2021 Proj. Feb 1,205 56,546 4,240 61,991 10,329 1,213 50,449 111.8 Mar 1,217 56,554 4,162 61,934 10,328 1,158 50,448 111.8 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2019 845 43,435 131 44,411 7,103 937 36,371 95.1 2020 Est. Feb 937 44,097 145 45,178 7,371 830 36,977 96.2 Mar 937 44,106 145 45,188 7,371 830 36,987 96.2 2021 Proj. Feb 830 44,400 140 45,370 7,390 885 37,095 96.0 Mar 830 44,301 132 45,263 7,305 850 37,108 96.1 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2019 303 5,818 12 6,133 639 233 5,261 16.0 2020 Est. Feb 233 5,743 21 5,997 572 224 5,201 15.8 Mar 233 5,743 21 5,997 572 223 5,202 15.8 2021 Proj. Feb 224 5,725 22 5,971 575 230 5,166 15.6 Mar 223 5,690 21 5,934 570 230 5,134 15.5 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2019 1,153 49,781 146 51,080 7,824 1,175 42,081 112.5 2020 Est. Feb 1,175 50,388 167 51,730 8,018 1,058 42,654 113.4 Mar 1,175 50,398 167 51,740 8,018 1,057 42,665 113.4 2021 Proj. Feb 1,058 50,664 165 51,887 8,041 1,120 42,726 113.0 Mar 1,057 50,530 156 51,743 7,940 1,085 42,718 113.0 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2019 2,419 104,889 4,421 111,728 17,177 2,504 92,047 224.4 2020 Est. Feb 2,504 106,135 4,716 113,355 18,275 2,264 92,817 225.1 Mar 2,504 106,145 4,716 113,365 18,275 2,274 92,816 225.1 2021 Proj. Feb 2,264 107,210 4,405 113,879 18,370 2,333 93,176 224.8 Mar 2,274 107,084 4,318 113,677 18,268 2,243 93,166 224.8 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready- to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. March 2021 WASDE - 610 - 33 U.S. Egg Supply and Use Commodity 2018 2019 2020 Est. 2020 Est. 2021 Proj. 2021 Proj. Feb Mar Feb Mar Eggs Million Dozen Supply Beginning Stocks 23.4 22.7 31.6 31.6 26.0 24.5 Production 9,205.2 9,441.8 9,267.0 9,283.4 9,340.0 9,380.0 Imports 17.8 14.6 15.4 15.4 16.0 16.0 Total Supply 9,246.4 9,479.1 9,314.0 9,330.4 9,382.0 9,420.5 Use Exports 333.2 333.9 344.0 344.0 335.0 345.0 Hatching Use 1,057.5 1,081.2 1,077.6 1,077.6 1,080.0 1,080.0 Ending Stocks 22.7 31.6 26.0 24.5 27.0 26.0 Disappearance Total 7,833.0 8,032.5 7,866.4 7,884.3 7,940.0 7,969.5 Per Capita (number) 287.5 293.4 285.9 286.6 287.1 288.2 Tota l U.S. Milk Supply and Use Commodity 2018 2019 2020 Est. 2020 Est. 2021 Proj. 2021 Proj. Feb Mar Feb Mar Milk Billion Pounds Production 217.6 218.4 223.1 223.2 227.4 227.3 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 13.4 13.8 13.6 13.6 15.6 15.6 Marketings 216.6 217.4 222.0 222.2 226.3 226.3 Imports 6.3 6.9 6.8 6.8 6.7 6.5 Total Cml. Supply 236.2 238.1 242.4 242.6 248.7 248.4 Fat Basis Use Commercial Exports 10.4 9.1 9.3 9.3 10.1 10.4 Ending Commercial Stocks 13.8 13.6 15.6 15.6 16.0 15.5 CCC Donations 0.0 0.2 0.3 0.3 0.0 0.0 Domestic Commercial Use 212.1 215.2 217.3 217.4 222.6 222.5 Skim -solid Basis Supply Beg. Commercial Stocks 11.8 10.7 10.2 10.2 10.8 10.8 Marketings 216.6 217.4 222.0 222.2 226.3 226.3 Imports 5.5 5.8 5.6 5.6 5.5 5.5 Total Cml. Supply 233.8 233.9 237.8 238.0 242.7 242.7 Skim -solid Basis Use Commercial Exports 44.6 41.5 47.2 47.2 48.9 48.7 Ending Commercial Stocks 10.7 10.2 10.8 10.8 10.6 10.5 CCC Donations 0.0 0.2 0.1 0.1 0.0 0.0 Domestic Commercial Use 178.5 182.0 179.6 179.8 183.2 183.5 Tota l CCC Donations include purchases made through the USDA Trade Mitigation program. They do not include products purchased under other programs. Dairy domestic commercial use for 2020 includes additional milk marketed but not processed. Note: Totals may not add due to rounding. March 2021 WASDE - 610 - 34 U.S. Dairy Prices Commodity 2018 2019 2020 Est. 2020 Est. 2021 Proj. 2021 Proj. Feb Mar Feb Mar Product Prices 1/ Dollars Per Pound Cheese 1.5377 1.7586 1.9236 1.9236 1.695 1.695 Butter 2.2572 2.2431 1.5808 1.5808 1.455 1.615 Nonfat Dry Milk 0.7945 1.0419 1.0417 1.0417 1.125 1.140 Dry Whey 0.3422 0.3799 0.3621 0.3621 0.480 0.500 Filler Dollars Per Cwt Milk Prices 2/ Class III 14.61 16.96 18.16 18.16 16.60 16.75 Class IV 14.23 16.30 13.49 13.49 13.70 14.45 All Milk 3/ 16.27 18.63 18.32 18.32 17.15 17.75 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated pla nts for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . March 2021 WASDE - 610 - 35 Reliability of March Projections 1/ Note: Tables on pages 35 -37 present a record of the March projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0.6 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 0.9 percent. The average differe nce between th e March projection and the final estimate is 2.4 million tons, ranging from 0 million to 8 million tons. The March projection has bee n below the estimate 29 times and above 10 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 0.6 0.9 2.4 0.0 8.0 29 10 U.S. 0.2 0.3 0.1 0.0 0.3 17 11 Foreign 0.6 1.1 2.4 0.1 8.0 29 10 Exports World 4.3 7.3 4.4 0.0 17.0 32 7 U.S. 3.2 5.4 0.8 0.0 2.4 20 18 Foreign 5.2 8.8 4.3 0.1 16.0 30 9 Domestic Use World 0.9 1.6 4.4 0.2 12.2 16 23 U.S. 3.8 6.5 0.9 0.0 2.4 14 25 Foreign 0.9 1.6 4.1 0.1 11.5 21 18 Ending Stocks World 4.2 7.1 5.6 0.2 14.1 28 11 U.S. 8.2 13.8 1.1 0.0 4.5 24 15 Foreign 4.4 7.5 4.8 0.0 13.5 27 11 COARSE GRAINS 2/ Production World 1.2 2.0 10.7 0.5 35.1 33 6 U.S. 0.2 0.3 0.1 0.0 1.8 17 8 Foreign 1.7 2.9 10.7 0.5 35.1 33 6 Exports World 5.2 8.9 5.5 0.0 24.2 28 11 U.S. 8.4 14.2 3.4 0.0 9.1 19 20 Foreign 8.4 14.3 5.1 0.1 21.5 26 13 Domestic Use World 1.0 1.6 7.2 0.1 24.2 23 16 U.S. 2.9 4.9 4.1 0.2 17.3 13 26 Foreign 1.1 1.9 7.0 0.4 24.6 27 12 Ending Stocks World 10.4 17.7 14.1 0.6 143.8 34 5 U.S. 13.2 22.5 4.6 0.1 15.3 23 16 Foreign 12.8 21.7 11.6 0.5 142.1 35 4 RICE, milled Production World 1.3 2.2 3.5 0.2 13.8 28 11 U.S. 1.3 2.1 0.0 0.0 0.2 11 6 Foreign 1.3 2.3 3.5 0.1 13.8 28 11 Exports World 8.0 13.6 1.5 0.1 5.3 30 9 U.S. 7.2 12.2 0.2 0.0 0.5 18 18 Foreign 9.0 15.2 1.4 0.1 4.9 29 10 Domestic Use World 1.1 2.0 3.2 0.2 13.9 26 13 U.S. 7.1 12.1 0.2 0.0 0.5 16 22 Foreign 1.2 2.0 3.2 0.2 13.5 26 13 Ending Stocks World 8.6 14.6 4.8 0.5 25.8 27 12 U.S. 18.6 31.6 0.2 0.0 0.4 20 17 Foreign 8.9 15.1 4.9 0.3 25.7 27 12 1/ Footnotes at end of table. CONTINUED March 2021 WASDE - 610 - 36 Reliability of March Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 2.2 3.8 3.4 0.1 12.4 20 19 U.S. 1.4 2.3 0.6 0.0 3.2 16 16 Foreign 3.7 6.3 3.4 0.1 12.6 21 18 Exports World 5.6 9.5 2.9 0.0 12.8 26 12 U.S. 6.6 11.1 1.7 0.1 6.7 27 12 Foreign 14.5 24.6 2.6 0.1 16.8 19 20 Domestic Use World 2.1 3.5 2.9 0.0 11.4 20 19 U.S. 2.9 5.0 1.1 0.0 3.0 26 12 Foreign 2.4 4.1 2.4 0.1 12.8 18 21 Ending Stocks World 13.0 22.1 3.8 0.1 13.9 20 19 U.S. 39.6 67.2 2.0 0.1 7.2 11 28 Foreign 14.0 23.8 3.4 0.1 17.1 26 13 COTTON Million 480 -Pound Bales Production World 1.8 3.0 1.3 0.0 5.2 24 13 U.S. 1.0 1.6 0.1 0.0 0.3 14 24 Foreign 2.1 3.6 1.3 0.0 5.3 24 14 Exports World 5.0 8.5 1.3 0.0 6.5 21 17 U.S. 6.5 11.1 0.5 0.0 1.7 17 21 Foreign 6.4 10.8 1.1 0.0 5.8 23 16 Domestic Use World 3.3 5.5 1.9 0.0 16.1 19 20 U.S. 7.4 12.5 0.2 0.0 0.9 19 18 Foreign 4.1 6.9 2.1 0.1 15.3 20 19 Ending Stocks World 8.9 15.0 3.5 0.2 16.2 24 15 U.S. 17.5 29.7 0.6 0.0 2.2 14 25 Foreign 9.5 16.2 3.3 0.0 14.0 26 13 1/ Marketing years 1981/82 through 2019/20 for grains, soybeans (U.S. only), and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2018/19, and for 2019/20 the last mon th’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. March 2021 WASDE - 610 - 37 Reliability of United States March Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 0.2 0.3 4 0 72 1 3 Exports 8.5 14.4 122 13 310 18 21 Domestic Use 2.8 4.8 141 9 474 14 25 Ending Stocks 14.9 25.2 178 3 713 24 15 SORGHUM Production 0.1 0.2 0 0 4 0 2 Exports 14.5 24.6 26 0 90 25 12 Domestic Use 15.3 26.0 31 1 178 16 23 Ending Stocks 41.0 69.6 23 1 148 15 24 BARLEY Production 0.8 1.3 1 0 11 18 4 Exports 15.9 27.0 5 0 20 13 22 Domestic Use 6.7 11.4 14 0 70 16 21 Ending Stocks 13.5 22.9 14 1 53 25 14 OATS Production 0.3 0.6 0 0 2 4 4 Exports 33.7 57.2 0 0 3 5 6 Domestic Use 5.3 9.0 11 1 36 15 24 Ending Stocks 17.1 29.1 11 1 47 23 16 SOYBEAN MEAL Thousand Short Tons Production 3.0 5.0 910 79 2,917 29 10 Exports 8.8 15.0 595 1 2,426 32 7 Domestic Use 2.5 4.2 556 41 2,066 27 12 Ending Stocks 34.7 58.9 67 0 253 16 21 SOYBEAN OIL Million Pounds Production 2.9 4.9 419 7 1,173 29 10 Exports 18.8 31.9 264 0 750 24 14 Domestic Use 2.4 4.1 314 9 760 25 14 Ending Stocks 17.7 30.0 254 17 721 23 16 ANIMAL PROD. Million Pounds Beef 2.6 4.4 537 77 1,613 23 15 Pork 2.8 4.8 353 5 1,667 23 15 Broilers 1.6 2.7 364 16 1,501 21 17 Turkeys 2.9 4.8 117 3 447 18 20 Million Dozen Eggs 1.8 3.0 94 3 534 23 15 Billion Pounds Milk 1.3 2.2 1.6 0.1 5.2 22 16 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2019/20 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2019/20. Calendar years 1982 through 2019 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2019. WASDE- 610-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WA SDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. I PAD is located at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ To subscribe to receive WASDE -related notifications by email or text message visit https://public.govdelivery.com/accounts/USDAOC/subscriber/new?topic_id=USDAOC_223 . Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at 202 -720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE -610 – March 9, 2021 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202 - 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250 -9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 579 Approved by the World Agricultural Outlook Board July 12, 2018 NOTE: Consistent with established practices, this report only considers those trade actions which are in place or have had formal announcement of effective dates as of the time of publication. Further, unless a formal end date is specified, this report also assumes such actions are in pl ace throughout the time period covered by these forecas ts. NOTE: This report adopts U.S. area, yield, and production forecasts for winter wheat, durum, other spring wheat, barley, and oats released today by the National Agricultural Statistics Service (N ASS). For rice, corn, sorghum, soybeans, and cotton, area estimates reflect the June 29 NASS Acreage report, and methods used to project production are noted on each table. The first survey -based 2018 production forecasts for those crops will be reported by NASS on August 10. WHEAT: Projected U.S. 2018/19 wheat supplies are raised 74 million bushels on increased beginning stocks and higher production. Forecast 2018/19 U.S. wheat production is raised 54 million bushels to 1,881 million. The NASS July Crop Production report provides s urvey -based production forecasts for all wheat classes for the first time in the 2018/19 crop year. The production forecast for durum and other spring wheat are up from last year’s low level due to improved yields and higher spring wheat area. Winter wheat production is down slightly from the June forecast. Ending stocks for 2018/19 are raised 39 million bushels this month but are 11 percent below last year’s revised stocks. The 2018/19 season -average farm price is lowered $0.10 per bushel at the midpoi nt to a projected range of $4.50 to $5.50. Foreign 2018/19 wheat supplies are decreased 9.3 million tons primarily on lower production, which is the smallest in three years. The production declines are led by a 4.4 -million -ton reduction for the EU refl ecting continued dryness especially in the north. Australia, Russia, and Ukraine are lowered 2.0 million, 1.5 million, and 1.0 million tons, respectively, and also reflect continued dryness. China production is reduced 1.0 million tons on lower harvested area as reported by the Ministry of Agriculture. Global 2018/19 exports are lowered 1.9 million tons on decreased supplies. EU exports are reduced 1.5 million tons and Australia and Russia are both lowered 1.0 million tons. These export reductions are partially offset by a 1.0- million -ton increase for Canada and a 0.7 -million -ton increase for the United States. Total foreign consumption for 2018/19 is lowered 2.3 million tons on both lower food and feed and residual use. With global supplies declining more than projected use, world ending stocks are reduced 5.3 million tons to 260.9 million. COARSE GRAINS: This month’s 2018/19 U.S. corn outlook is for larger supplies, greater feed and residual use, increased exports, and lower ending stocks. Corn beginning stocks are lowered 75 million bushels as higher forecast exports and food, seed, and industrial (FSI) use more than offset lower feed and residual use in 2017/18. Increased 2017/18 exports are based on record -high shipments during the month of May and export inspection data for June. Current outstanding export sales are also record high. FSI use is rais ed as a projected 25- million -bushel increase in the amount of corn used for ethanol , based on reported use to date , is partially offset by a decline in the amount of corn used for glucose and dextrose. Feed and residual use is lower based on indicated disappearance during the first three quarters of the marketing year in the June 29 Grain Stocks report. WASDE- 579-2 For 2018/19, corn production is forecast 190 million bushels higher based on increased planted and harvested areas from the June 29 Acreage report. The national average corn yield is unchanged at 174.0 bushels per acre. During June, harvested -area weighted precipitation for the major corn producing states was above normal. While silking, as reported in the Crop Progress report , is ahead of the recent h istorical average, for much of the crop, the critical pollination period will be during middle and late July. Projected feed and residual use for 2018/19 is raised 75 million bushels, mostly reflecting a larger crop and a forecast reduction in the amount of corn used to produce ethanol. FSI use is lowered 60 million bushels based on a 50- million -bushel reduction in the forecast amount of corn used to produce ethanol, and a 10 -million -bushel decline in amount of corn used for glucose and dextrose. Exports are raised 125 million bushels based on expectations of reduced competition from Argentina, Brazil, and Russia. Small revisions are made to historical trade and utilization estimates based on the 13th month trade data revisions from the Census Bureau . With use rising more than supply, stocks are lowered 25 million bushels to 1.552 billion. The season- average corn price received by producers is lowered 10 cents at the midpoint for a range of $3.30 to $4.30 per bushel. Oat production is virtually unchanged and barley production is up 8 million bushels reflecting area adjustments in the Acreage report and higher barley and lower oat yields in today’s Crop Production report. Sorghum production is raised based on the higher area reported in the Acreage report. This month’s 2018/19 foreign coarse grain outlook is for lower production, trade, and stocks relative to last month. Russia corn production is lowered, reflecting reductions to both area and yield. Extreme heat and dryness in the Southern and North Cauca sus districts during the month of June is expected to reduce yield prospects. Corn production is raised for the EU, but lowered for Canada. Barley production is reduced for Russia, Australia, and the EU, but raised for Canada. For 2017/18, Brazil corn p roduction is reduced based on the latest government statistics. Major global trade changes for 2018/19 include lower corn exports for Russia, more than offset by increased exports for the United States. Corn imports are raised for South Korea and Saudi A rabia, but lowered for Japan and Mexico. Sorghum imports are lowered for China, but partially offset by increases for Mexico and Japan. For 2017/18, corn exports are lowered for Argentina and Brazil. Foreign corn ending stocks are lowered from last mont h, with the largest declines for China, the EU, and Mexico. RICE : U.S. 2018/19 all rice supplies are increased this month by 4.8 million cwt to 272.3 million as higher production more than offsets reduced beginning stocks. Rice production increased by 9.8 million cwt to 213.0 million as the NASS Acreage report indicated greater rice area for both long -grain and medium - and short -grain than previously forecast. The NASS Rice Stocks report implied significantly higher than previously estimated domestic use and residual for the 2017/18 marketing year, which resulted in low er 2018/19 beginning stocks. Total rice use for 2018/19 is increased 4.0 million cwt to 230.0 million, all on higher projected domestic and residual use. All rice exports are reduced 1.0 million cwt to 102.0 million with medium - and short -grain accountin g for the reduction. Projected 2018/19 all rice ending stocks are raised to 42.3 million cwt, up 31 percent from last year with long -grain comprising most of the increase. The 2018/19 all rice season -average farm price is reduced $0.30 per cwt at the mid point to a range of $11.60 to $12.60. Global 2018/19 rice supplies are raised fractionally on increased production for the United States and Vietnam more than offsetting reductions in Australia, South Korea, and Russia. World exports, while still a rec ord, are modestly lower this month as reductions for India and Australia are not completely offset by higher exports for Vietnam and Pakistan. Global ending stocks are raised by 0.6 million tons to 143.8 million, almost entirely due to a nearly 1.0 millio n increase for India. OILSEEDS: This month’s U.S. soybean supply and use projections for 2018/19 include lower supplies, lower exports, higher crush, and higher ending stocks. Beginning stocks are reduced on increased exports and crush for 2017/18. Soybean production for 2018/19 is projected at 4.310 billion bushels, up 30 million on increased harvested area. Harvested area, forecast at 88.9 million WASDE- 579-3 acres in the Acreage report, is up 0.7 million from last month. The soybean yield forecast is unchanged at 48.5 bushels per acre. Soybean crush for 2018/19 is raised 45 million bushels to 2.045 billion reflecting an increase in projected soybean meal domestic disappearance and exports. Domestic soybean meal disappearance is raised on lower soybean meal prices and increased livestock production. Soybean and product trade changes reflect the impact of China’s recently imposed soybean import duties in addition to other global oilseed supply and demand changes this month. U.S. soybean meal exports are raised to offset reduced meal exports from South America where higher soybean exports displace crush. Soybean exports are reduced 250 million bushels to 2.040 billion reflecting the impact of China’s import duties. Despite losing market share in China, soybean exports are supported in other markets as lower U.S. prices increase demand and market share. Soybean ending stocks for 2018/19 are projected at 580 million bushels, up 195 million from last month. The U.S. season- average soybean price is forecast at $8.00 to $10.50 per bushel, down $0.75 at the midpoint. Soybean meal prices are forecast at $315 to $355 per short ton, down $15.00 at the midpoint. The soybean oil price forecast at 28 to 32 cents per pound, down 1.5 cents at the midpoint. The 2018/19 g lobal soybean supply and demand forecasts include higher production and lower trade and crush compared to last month. The tariff that China recently imposed on U.S. soybeans is expected to cause higher prices for soybeans in China and slower pr otein meal consumption growth. Lower demand and a year -over-year drawdown in stocks for China are forecast to result in reduced crush and an 8- million -ton decline for imports to 95 million. Parallel to this change is a 6.8- million -ton decline for U.S. exports that is partly offset by a 2.1 -million -ton increase for Brazil. Planted area for Brazil for 2018/19 is expected to expand with higher prices resulting from increased trade with China, leading to a 2.5 -million -ton increase in production to 120.5 million. With lower soybean crush and reduced soybean oil production, China is expected to increase imports of other vegetable oils, including soybean, palm, and rapeseed. Total global 2018/19 oilseed production is down 1.4 million tons to 592.6 million with a 4.3 -million -ton increase for soybean production offset by lower rapeseed and sunflower. Rapeseed production is reduced 2.6 million tons with lower production for the EU, Australia, Ukraine, and Russia. In the EU, rapeseed production is lowered for Germany and the UK on persistent dryness while production is lowered for France on pest pressure. Sunflowerseed production is down 2.9 million tons mainly for Russia and Ukraine on lower yields from dry conditions. SUGAR : U.S. sugar supply for 2018/19 is increased 143,867 short tons, raw value (STRV) as increases in beginning stocks and imports more than offset a reduction in cane sugar production. The increase in imports results from the Secretary of Agriculture establishing 2018/19 sugar tariff -rate quotas (TRQs) that include an allocation for specialty sugar beyond the minimum level that the United States is bound under the WTO . In addition there is a small increase in projected imports from Mexico. Cane sugar production is reduced in all producing States. Production changes in Florida and Louisiana result from applying updated yield and recovery projections on NASS 2018/19 area harvested forecasts. Texas production is reduced on processor reporting. U.S. sugar use for 2018/19 is reduced by 100,000 STRV on lower deliveries for human consumption. Ending stocks are residually projected at 1.707 million STRV for an ending stocks -to-use ratio of 13.5 percent. U.S. beet sugar production for 2017/18 is increased 55,000 STRV to 5.276 million based on processor repo rting of late season sucrose recovery from sugarbeet slicing to a robust 15.2 percent. High -tier tariff imports are increased 15,000 STRV. Deliveries for human consumption are reduced by 65,000 STRV to 12.235 million on a continuing slow pace as refiners ’ inventories of raw stocks remain elevated. WASDE- 579-4 Mexico production for 2017/18 is increased to 6.009 million metric tons (MT) on official preliminary reporting of the completed harvest season. Ending stocks for 2017/18 are estimated at 1.246 million MT based on domestic consumption in 2018/19 before the start of the campaign and sugar that can be exported to the United States in 2018/19 at a return tha t is expected to be higher than can currently be obtained in the world market. Exports for 2017/18 to non- U.S. destinations are residually increased by 36,375 MT. For 2018/19, exports to the United States are increased by a small amount to 1.417 million MT to equal U.S. Needs as defined in the amended Suspension Agreements. LIVESTOCK, POULTRY, AND DAIRY : The forecasts for 2018 red meat and poultry production are raised from last month. The beef production forecast is raised on higher expected cow slaughter in the third quarter. USDA will release the Cattle report on July 20th, providing a mid- year estima te of the U.S. cattle inventory as well as producer intentions regarding retention of heifers for beef cow replacement. Forecast pork production is raised from last month as higher expected second- half hog slaughter more than offsets lower second- quarter slaughter. A more rapid pace of hog slaughter is expected in the third quarter and USDA’s Quarterly Hogs and Pigs report estimated the March -May pig crop was 4 percent above 2017 which will result in higher fourth -quarter h og slaughter. Second and third- quarter broiler production is raised on recent hatchery data and expected heavier bird weights. Turkey production is raised slightly on production data to date. Egg production is raised from the previous month as egg prices are forecast higher and feed c osts lower . For 2019, the red meat and poultry production forecast is raised as increases in pork and broiler production more than offsets expected declines in beef production. Forecast beef production is reduced from the previous month on lower expect ed steer and heifer slaughter the first half of the year. The pork production forecast is raised; the Quarterly Hogs and Pigs report indicated t hat producers intend to farrow 2 percent more hogs over the next two quarters, which coupled with expected grow th in pigs per litter will push first -half hog slaughter higher. Forecast broiler and egg production is also raised from the previous month, as higher prices and lower expected feed prices support continued expansion. Forecast turkey production is unchan ged from the previous month. The beef import forecast is unchanged for 2018, but the export forecast is raised from the previous month on recent trade data and continued strong exports to Asia. The 2019 beef export forecast is also raised from last month. Pork trade forecasts for 2018 and 2019 are unchanged from the previous month. Lower pork product prices are expected to help offset increased competition in key markets in 2019. No change is made to 2018 and 2019 broiler and turkey export forecas ts. The 2018 egg export forecast is raised on recent trade data, but no change is made to the outlying quarters. Small revisions are made to historical trade estimates. The cattle price forecast for 2018 is lowered slightly from last month, reflecting June price data. Forecast 2019 cattle prices are unchanged from the previous month. The hog price forecast is raised for 2018 as recent price strength and expected higher prices in the third quarter more than offset lower prices in the fourth quarter. The hog price forecast for 2019 is lowered on increased supplies of pork. Broiler prices are raised for 2018 on current price strength while turkey prices are unchanged. No changes are made for 2019 broiler and turkey price forecasts. Egg prices are raised for 2018 on higher -than-expected prices to date. The 2019 egg price is reduced slightly on increased supplies. Milk production forecasts for both 2018 and 2019 are lowered from last month on slower -than- anticipated growth in milk per cow and lower cow numbers. Although tempered by lower expected feed costs, lower milk prices will likely weaken producer margins, resulting in lower cow numbers and slower growth in milk per cow. USDA’s Cattle report, to be released on July 20th, will provide a mid- year estimate of dairy cow and dairy replacement heifer inventories. For 2018, the fat basis import forecast is raised from the previous month on higher imports of butterfat products. Fat basis imports are unchanged for 2019. The 2018 fat basis export forecast is WASDE- 579-5 unchanged from the previous month but is raised for 2019 as the U.S. is expected to be price competitive and higher expected exports of butterfat products will more than offset expected declines in cheese exports. Skim -solids basis import forecasts for 2018 and 2019 are unchanged from the previous month. However, skim -solids basis exports for 2018 and 2019 are reduced from the previous month primarily on lower expected export s of skim milk powder and whey products as China’s tariffs on certain U.S. dairy products hampers exports to some extent. The 2018 butter, cheese, nonfat dry milk (NDM), and whey price forecasts are reduced from the previous month. Forecasts are reduced for cheese, NDM , and whey prices for 2019 as cheese stocks will remain large and prices for NDM and whey will have to remain competitive with competing exporters. However, the 2019 butter price is raised as stocks are worked down. The 2018 and 2019 Class III price and Class IV price forecasts are lowered from last month. The 2018 all milk price is forecast at $15.95 to $16.25 and the price for 2019 is $16.25 to $17.25 per cwt. COTTON : The U.S. 2018/19 cotton projections show lower production, exports, and stocks compared with last month. The 1.0- million -bale decrease in the crop projection is due to higher expected abandonment based on current conditions. Beginning stocks are 200,000 bales lower due to an increase in 2017/18 exports . 2018/19 exports are reduced 500,000 bales based on lower supplies and increased foreign competition. With no change in domestic consumption, 2018/19 ending stocks are projected at 4.0 million bales, down 700,000 bales from the June estimate and unchanged from the revised 2017/18 level. The mi dpoint of the projected range of the marketing - year-average price is raised 5 cents from last month, to 75 cents per pound. Historical revisions to China’s consumption back to 2014/15 account for most of a 3.3 -million -bale decline in 2018/19 world beginning stocks. World 2018/19 consumption is 1.6 million bales higher than in June, as the revisions to China’s consumption estimates carry through into the 2018/19 projection year with a 1.0- million -bale increase. Consumption forecast s are also higher for Bangladesh, Pakistan, Brazil, and Vietnam. World production is projected 290,000 bales lower than in June, as reduced U.S. and Australian production more than offsets increases for Brazil, India, and Mexico. World trade is projected 165,000 bales higher this month as lower U.S. exports are more than offset by increases by Brazil and China. Ending stocks are 5.2 million bales lower than in June, with the largest declines in China (4.6 million) and the United States. India’s and Braz il’s ending stocks are forecast higher. Approved by the Secretary of Agriculture and t he Chairman of the World Agricultural Outlook Board, Seth D. Meyer , (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY : STEPHEN CENSKY SECRETARY OF AGRICULTURE DESIGNATE WASDE- 579-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers , ICEC Chair, WAOB, E -mail: wchambers @oce.usda.gov Jennifer Bond, ERS; Andrew Sowell, FAS; Pete Riley, FSA . Rice: William Chambers , ICEC Chair, WAOB, E-mail: wchambers @oce.usda.gov Nathan Childs, ERS; Rachel Trego, FAS; Sherrie Grimm, FSA. Feed Grains: Michael Jewison , ICEC Chair, WAOB, E-mail: [email protected] Tom Capehart, ERS; Yoonhee Macke , FAS; Thomas Gajnak , FSA . Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail: [email protected] Mark Ash, ERS; Bill George, FAS; Susan Proper, FSA . Cotton: Stephen MacDonald, ICEC Chair, WAOB, E -mail: [email protected] Leslie Meyer, ERS; James Johnson, FAS; Erik Dohlman , FSA . Sugar: Stephen Haley , ICEC Chair, WAOB, E -mail: shaley @oce.usda.gov Michael McConnell, ERS; Ro n Lord, FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Lindsay Kuberka, FAS; Ryan Pfirrmann- Powell, FSA. Poultry: Shay le Shagam, ICEC Chair, WAOB, E-mail: [email protected] Larry Haller, AMS; Sean Ramos, ERS; Claire Mezoughem , FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E -mail: [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Milton Madison, FSA. In 2018, the WASDE report will be released at 12:00pm Eastern Time Aug 10, Sep 12, Oct 11, Nov 8, and Dec 11. WASDE- 579-7 T A B L E OF C O N T E N T S Page Highlights ................................ ................................ ................................ ............. 1 Interagency Commodity Estimates Committees ................................ .................... 6 World & U.S. Supply & Use for Grains ................................ ................................ .. 8 World & U.S. Supply & Use for Cotton ................................ ................................ .. 9 World & U.S. Supply & Use for Oilseeds ................................ ............................ 10 U.S. Wheat Supply & Use ................................ ................................ .................. 11 U.S. Wheat Supply & Use by Class ................................ ................................ .... 11 U.S. Feed Grain & Corn Supply & Use ................................ ............................... 12 U.S. Sorghum, Barley & Oats Supply & Use ................................ ....................... 13 U.S. Rice Supply & Use ................................ ................................ ..................... 14 U.S. Soybeans & Products Supply & Use ................................ ........................... 15 U.S. Sugar Supply & Use ................................ ................................ ................... 16 Mexico Sugar Supply and Use ................................ ................................ ........... 16 U.S. Cotton Supply & Use ................................ ................................ .................. 17 World Wheat Supply & Use ................................ ................................ ................ 18 World Coarse Grains Supply & Use ................................ ................................ .... 20 World Corn Supply & Use ................................ ................................ .................. 22 World Rice Supply & Use ................................ ................................ ................... 24 World Cotton Supply & Use ................................ ................................ ................ 26 World Soybean Supply & Use ................................ ................................ ............ 28 World Soybean Meal Supply & Use ................................ ................................ .... 29 World Soybean Oil Supply & Use ................................ ................................ ....... 30 U.S. Quarterly Animal Product Production ................................ .......................... 31 U.S. Quarterly Prices for Animal Products ................................ .......................... 31 U.S. Meats S upply and Use ................................ ................................ ............... 32 U.S. Egg Supply & Use ................................ ................................ ...................... 33 U.S. Milk Supply and Use ................................ ................................ .................. 33 U.S. Dairy Prices ................................ ................................ ............................... 34 Reliability Tables ................................ ................................ ................................ 35 Related USDA Reports ................................ ................................ ...................... 38 Metric Conversion Factors ................................ ................................ ................. 38 Electronic Access and Subscriptions ...................................................................... 40 July 2018 WASDE - 579 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2016/17 2608.54 3233.73 428.83 2577.61 656.12 2017/18 (Est.) 2561.69 3217.81 420.29 2579.44 638.37 filler filler filler filler filler 2018/19 (Proj.) Jun 2568.88 3206.21 432.39 2615.29 590.91 2018/19 (Proj.) Jul 2560.97 3199.33 430.53 2614.91 584.43 filler filler filler filler filler Wheat 2016/17 751.99 996.27 183.16 738.94 257.34 2017/18 (Est.) 757.92 1015.25 181.86 741.75 273.50 filler filler filler filler filler 2018/19 (Proj.) Jun 744.69 1017.06 187.32 750.90 266.16 2018/19 (Proj.) Jul 736.26 1009.75 185.45 748.87 260.88 filler filler filler filler filler Coarse Grains 5/ 2016/17 1369.83 1617.95 198.46 1355.94 262.01 2017/18 (Est.) 1315.17 1577.18 190.11 1356.18 221.01 filler filler filler filler filler 2018/19 (Proj.) Jun 1336.84 1557.91 195.72 1376.34 181.57 2018/19 (Proj.) Jul 1336.91 1557.92 195.87 1378.12 179.79 filler filler filler filler filler Rice, milled 2016/17 486.71 619.51 47.21 482.74 136.77 2017/18 (Est.) 488.60 625.38 48.32 481.51 143.86 filler filler filler filler filler 2018/19 (Proj.) Jun 487.35 631.24 49.35 488.06 143.18 2018/19 (Proj.) Jul 487.80 631.66 49.21 487.91 143.75 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2016/17 472.56 556.09 96.71 363.62 95.76 2017/18 (Est.) 437.29 541.22 94.34 360.87 86.01 filler filler filler filler filler 2018/19 (Proj.) Jun 425.99 520.58 88.07 363.23 69.28 2018/19 (Proj.) Jul 433.06 527.15 90.88 365.13 71.14 filler filler filler filler filler Wheat 2016/17 62.83 92.60 28.60 31.86 32.13 2017/18 (Est.) 47.37 83.79 24.52 29.32 29.95 filler filler filler filler filler 2018/19 (Proj.) Jun 49.74 82.81 25.86 31.22 25.74 2018/19 (Proj.) Jul 51.21 84.82 26.54 31.49 26.80 filler filler filler filler filler Coarse Grains 5/ 2016/17 402.61 454.15 64.46 327.53 62.17 2017/18 (Est.) 384.26 449.45 66.96 327.46 55.04 filler filler filler filler filler 2018/19 (Proj.) Jun 369.80 429.28 58.95 328.11 42.23 2018/19 (Proj.) Jul 375.09 433.68 61.11 329.58 43.00 filler filler filler filler filler Rice, milled 2016/17 7.12 9.34 3.65 4.23 1.46 2017/18 (Est.) 5.66 7.98 2.86 4.10 1.03 filler filler filler filler filler 2018/19 (Proj.) Jun 6.45 8.49 3.27 3.91 1.32 2018/19 (Proj.) Jul 6.76 8.65 3.24 4.06 1.34 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). July 2018 WASDE - 579 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2016/17 2,135.98 2,677.64 332.13 2,213.99 560.36 2017/18 (Est.) 2,124.41 2,676.59 325.95 2,218.57 552.36 filler filler filler filler filler 2018/19 (Proj.) Jun 2,142.89 2,685.62 344.32 2,252.06 521.63 2018/19 (Proj.) Jul 2,127.90 2,672.18 339.65 2,249.77 513.29 filler filler filler filler filler Wheat 2016/17 689.16 903.68 154.56 707.07 225.20 2017/18 (Est.) 710.55 931.46 157.33 712.44 243.55 filler filler filler filler filler 2018/19 (Proj.) Jun 694.95 934.25 161.47 719.68 240.42 2018/19 (Proj.) Jul 685.05 924.93 158.92 717.39 234.08 filler filler filler filler filler Coarse Grains 5/ 2016/17 967.22 1,163.80 134.00 1,028.41 199.84 2017/18 (Est.) 930.92 1,127.73 123.15 1,028.72 165.96 filler filler filler filler filler 2018/19 (Proj.) Jun 967.04 1,128.63 136.77 1,048.23 139.34 2018/19 (Proj.) Jul 961.82 1,124.23 134.76 1,048.54 136.80 filler filler filler filler filler Rice, milled 2016/17 479.60 610.17 43.57 478.51 135.31 2017/18 (Est.) 482.95 617.40 45.47 477.42 142.84 filler filler filler filler filler 2018/19 (Proj.) Jun 480.90 622.75 46.08 484.15 141.87 2018/19 (Proj.) Jul 481.04 623.02 45.97 483.84 142.41 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2016/17 106.63 200.10 37.40 115.81 84.34 2017/18 (Est.) 123.69 208.03 40.69 122.23 84.96 filler filler filler filler filler 2018/19 (Proj.) Jun 120.40 208.61 41.07 125.35 83.02 2018/19 (Proj.) Jul 120.11 205.06 41.24 126.95 77.84 filler filler filler filler filler United States 2016/17 17.17 20.98 14.92 3.25 2.75 2017/18 (Est.) 20.92 23.68 16.20 3.35 4.00 filler filler filler filler filler 2018/19 (Proj.) Jun 19.50 23.71 15.50 3.40 4.70 2018/19 (Proj.) Jul 18.50 22.51 15.00 3.40 4.00 filler filler filler filler filler Foreign 4/ 2016/17 89.46 179.13 22.48 112.56 81.59 2017/18 (Est.) 102.77 184.35 24.49 118.88 80.96 filler filler filler filler filler 2018/19 (Proj.) Jun 100.90 184.90 25.57 121.95 78.32 2018/19 (Proj.) Jul 101.61 182.56 26.24 123.55 73.84 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal t o world minus United States. See global cotton tables for treatment of export/import imbalances. July 2018 WASDE - 579 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2016/17 574.23 668.66 170.43 469.57 110.96 2017/18 (Est.) 573.67 684.63 176.01 486.56 111.89 filler filler filler filler filler 2018/19 (Proj.) Jun 593.94 702.03 187.10 509.56 100.68 2018/19 (Proj.) Jul 592.59 704.48 181.30 500.64 111.69 filler filler filler filler filler Oilmeals 2016/17 321.51 338.62 88.19 318.60 16.67 2017/18 (Est.) 332.67 349.34 88.17 330.80 15.00 filler filler filler filler filler 2018/19 (Proj.) Jun 348.71 363.75 90.42 345.47 14.95 2018/19 (Proj.) Jul 343.19 358.19 88.72 340.36 14.98 filler filler filler filler filler Vegetable Oils 2016/17 189.27 210.66 81.13 183.84 20.57 2017/18 (Est.) 198.46 219.03 81.42 190.74 22.23 filler filler filler filler filler 2018/19 (Proj.) Jun 206.28 228.05 83.97 198.25 24.05 2018/19 (Proj.) Jul 203.74 225.98 83.88 197.47 22.85 filler filler filler filler filler United States Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2016/17 126.93 135.31 60.08 56.26 9.60 2017/18 (Est.) 131.03 142.05 58.00 59.51 14.64 filler filler filler filler filler 2018/19 (Proj.) Jun 127.29 144.54 63.46 59.02 12.36 2018/19 (Proj.) Jul 127.83 143.89 56.66 60.21 17.65 filler filler filler filler filler Oilmeals 2016/17 43.11 47.31 10.83 36.08 0.41 2017/18 (Est.) 46.20 50.39 12.55 37.42 0.42 filler filler filler filler filler 2018/19 (Proj.) Jun 45.60 49.72 11.62 37.77 0.33 2018/19 (Proj.) Jul 46.49 50.70 12.26 38.02 0.42 filler filler filler filler filler Vegetable Oils 2016/17 11.43 17.37 1.42 14.72 1.23 2017/18 (Est.) 11.97 18.26 1.36 15.42 1.48 filler filler filler filler filler 2018/19 (Proj.) Jun 11.93 18.48 1.21 15.84 1.43 2018/19 (Proj.) Jul 12.15 18.75 1.25 16.07 1.43 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2016/17 447.30 533.35 110.35 413.31 101.36 2017/18 (Est.) 442.64 542.58 118.01 427.06 97.25 filler filler filler filler filler 2018/19 (Proj.) Jun 466.65 557.49 123.64 450.54 88.32 2018/19 (Proj.) Jul 464.76 560.59 124.64 440.43 94.04 filler filler filler filler filler Oilmeals 2016/17 278.39 291.31 77.36 282.53 16.26 2017/18 (Est.) 286.46 298.94 75.62 293.38 14.58 filler filler filler filler filler 2018/19 (Proj.) Jun 303.10 314.03 78.79 307.70 14.63 2018/19 (Proj.) Jul 296.70 307.49 76.46 302.34 14.56 filler filler filler filler filler Vegetable Oils 2016/17 177.84 193.30 79.71 169.12 19.34 2017/18 (Est.) 186.49 200.78 80.07 175.32 20.75 filler filler filler filler filler 2018/19 (Proj.) Jun 194.35 209.58 82.77 182.41 22.62 2018/19 (Proj.) Jul 191.59 207.23 82.63 181.40 21.42 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. July 2018 WASDE - 579 - 11 U.S. Wheat Supply and Use 1/ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Jun Jul Million Acres Area Planted 50.1 46.0 47.3 * 47.8 Area Harvested 43.9 37.6 38.9 * 39.6 Bushels Yield per Harvested Acre 52.7 46.3 46.9 * 47.5 Million Bushels Beginning Stocks 976 1,181 1,080 1,100 Production 2,309 1,741 1,827 1,881 Imports 118 157 135 135 Supply, Total 3,402 3,079 3,043 3,117 Food 949 963 965 965 Seed 61 64 62 62 Feed and Residual 161 50 120 130 Domestic, Total 1,171 1,077 1,147 1,157 Exports 1,051 901 950 975 Use, Total 2,222 1,978 2,097 2,132 Ending Stocks 1,181 1,100 946 985 Avg. Farm Price ($/bu) 2/ 3.89 4.73 4.60 - 5.60 4.50 - 5.50 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2017/18 (Est.) Beginning Stocks 589 235 215 105 36 1,181 Production 750 385 292 258 55 1,741 Supply, Total 3/ 1,346 695 524 371 143 3,079 Domestic Use 394 275 229 90 89 1,077 Exports 371 228 90 194 18 901 Use, Total 765 504 319 284 107 1,978 Ending Stocks, Total 581 191 205 87 36 1,100 2018/19 (Proj.) Beginning Stocks 581 191 205 87 36 1,100 Production 657 584 303 262 75 1,881 Supply, Total 3/ 1,254 830 523 359 151 3,117 Domestic Use 472 277 229 94 85 1,157 Exports 365 270 125 190 25 975 Use, Total 837 547 354 284 110 2,132 Ending Stocks, Total Jul 417 283 169 75 41 985 Ending Stocks, Total Jun NA NA NA NA NA NA Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. * For June, planted acres reported in the March 29, 2018, "Prospective Plantings." Winter wheat area harvested and yield reported in the June 12, 2018, "Crop Production." Area harvested and yield for other spring wheat and durum projected using 10- year harvested -to-planted ratios by state and 1985- 2016 yield trends by state (except for Arizon a, California, and Idaho durum). For July, area planted, area harvested, yield, and production as reported in the July 12, 2017, "Crop Production." July 2018 WASDE - 579 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Jun Jul Million Acres Area Planted 106.6 100.9 99.0 * 100.6 * Area Harvested 96.5 90.5 88.8 * 90.1 * Metric Tons Yield per Harvested Acre 4.17 4.24 4.16 4.16 Million Metric Tons Beginning Stocks 48.1 62.1 55.9 55.0 Production 402.3 384.0 369.5 374.8 Imports 3.3 2.8 3.3 3.3 Supply, Total 453.6 449.0 428.8 433.2 Feed and Residual 144.6 141.8 139.8 141.6 Food, Seed & Industrial 182.4 185.2 187.8 187.5 Domestic, Total 327.0 327.0 327.6 329.1 Exports 64.5 67.0 58.9 61.1 Use, Total 391.5 393.9 386.6 390.2 Ending Stocks 62.1 55.0 42.2 43.0 CORN 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. June July Million Acres Area Planted 94.0 90.2 88.0 * 89.1 * Area Harvested 86.7 82.7 80.7 * 81.8 * Bushels Yield per Harvested Acre 174.6 176.6 174.0 * 174.0 * Million Bushels Beginning Stocks 1,737 2,293 2,102 2,027 Production 15,148 14,604 14,040 14,230 Imports 57 40 50 50 Supply, Total 16,942 16,937 16,192 16,307 Feed and Residual 5,470 5,450 5,350 5,425 Food, Seed & Industrial 2/ 6,885 7,060 7,165 7,105 Ethanol & by -products 3/ 5,432 5,600 5,675 5,625 Domestic, Total 12,355 12,510 12,515 12,530 Exports 2,294 2,400 2,100 2,225 Use, Total 14,649 14,910 14,615 14,755 Ending Stocks 2,293 2,027 1,577 1,552 Avg. Farm Price ($/bu) 4/ 3.36 3.30 - 3.50 3.40 - 4.40 3.30 - 4.30 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx . 3/ Corn processed in ethanol plants to produce ethanol and by -products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing - year weighted average price received by farmers. * For June, planted acres reported in the March 29, 2018, "Prospective Plantings." Harvested acres projected based on historical abandonment and use for silage. For July, corn planted and harvested area as reported in the June 29, 2018, "Acreage." The yield projection is based on a weather -adjusted trend assuming normal mid -May planting progress and summer growing season weather, estimated using the 1988 -2017 time period, and includes a downward stochastic adjustment to account for the asymmetric response of yield to July precipitation. (For a n explanation of the yield trend model see Westcott and Jewison, Weather Effects on Expected Corn and Soybean Yields, USDA -ERS, Feed Outlook No. (FDS -13G-01), July 2013, https://www.ers.usda.gov/publications/pub- details/?pubid=36652.) July 2018 WASDE - 579 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Jun Jul Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 6.7 5.6 5.9 * 6.0 * Area Harvested (mil. acres) 6.2 5.0 5.1 * 5.3 * Yield (bushels/acre) 77.9 72.1 67.3 * 67.3 * Beginning Stocks 37 33 29 34 Production 480 364 343 356 Imports 2 2 0 0 Supply, Total 519 399 372 390 Feed and Residual 133 85 80 80 Food, Seed & Industrial 115 50 50 100 Total Domestic 247 135 130 180 Exports 238 230 215 175 Use, Total 485 365 345 355 Ending Stocks 33 34 27 35 Avg. Farm Price ($/bu) 2/ 2.79 3.15 - 3.25 3.20 - 4.20 3.10 - 4.10 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. June July Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.1 2.5 2.3 * 2.5 * Area Harvested (mil. acres) 2.6 2.0 2.0 * 2.0 * Yield (bushels/acre) 77.9 72.6 73.5 * 75.6 * Beginning Stocks 102 106 65 95 Production 200 142 147 155 Imports 10 9 20 20 Supply, Total 312 257 232 269 Feed and Residual 39 0 25 15 Food, Seed & Industrial 162 157 155 155 Total Domestic 201 158 180 170 Exports 4 5 5 5 Use, Total 205 163 185 175 Ending Stocks 106 95 47 94 Avg. Farm Price ($/bu) 2/ 4.96 4.47 4.00 - 5.20 4.00 - 5.20 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. June July Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.8 2.6 2.7 * 2.9 * Area Harvested (mil. acres) 1.0 0.8 1.0 * 1.0 * Yield (bushels/acre) 66.0 61.7 66.0 * 65.8 * Beginning Stocks 57 50 24 41 Production 65 49 66 66 Imports 90 89 95 95 Supply, Total 212 189 185 202 Feed and Residual 82 68 75 80 Food, Seed & Industrial 76 78 79 79 Total Domestic 158 146 154 159 Exports 3 2 2 2 Use, Total 161 148 156 161 Ending Stocks 50 41 29 41 Avg. Farm Price ($/bu) 2/ 2.06 2.58 2.60 - 3.20 2.50 - 3.10 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. * For June-- Planted acres reported in the March 29, 2018, "Prospect ive Plantings." Harvested area for sorghum, barley and oats based on historical average harvested -to-planted ratios. For sorghum the yield is the median yield for 1986- 2017. For barley and oats, projected yields are based on the 1990-2017 trends. Yields shown reflect production rounding. For July --Sorghum planted and harvested area as reported in the June 29, 2018, "Acreage." Sorghum yield is the median yield for 1986 -2017. Barley and oats area planted, area harvested, yield, and production as reported i n the July 12, 2018, "Crop Production." July 2018 WASDE - 579 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Jun Jul Million Acres Area Planted 3.15 2.46 2.69 * 2.84 * Area Harvested 3.10 2.37 2.67 * 2.80 * Fil ler Pounds Yield per Harvested Acre 7,237 7,507 7,610 * 7,599 * Million Hundredweight Beginning Stocks 2/ 46.5 46.0 37.3 32.3 Production 224.1 178.2 203.2 213.0 Imports 23.5 27.0 27.0 27.0 Supply, Total 294.1 251.3 267.5 272.3 Domestic & Residual 3/ 133.2 129.0 123.0 128.0 Exports, Total 4/ 114.8 90.0 103.0 102.0 Rough 40.4 30.0 34.0 34.0 Milled (rough equiv.) 74.4 60.0 69.0 68.0 Use, Total 248.0 219.0 226.0 230.0 Ending Stocks 46.0 32.3 41.5 42.3 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 10.40 12.60 11.90 - 12.90 11.60 - 12.60 Total LONG -GRAIN RICE 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. June July Harvested Acres (mil.) 2.40 1.75 Yield (pounds/acre) 6,927 7,314 Beginning Stocks 22.7 31.0 21.4 20.4 Production 166.5 127.9 150.2 156.5 Supply, Total 7/ 209.4 182.4 195.1 200.4 Domestic & Residual 3/ 101.8 95.0 96.0 99.0 Exports 8/ 76.6 67.0 72.0 72.0 Use, Total 178.4 162.0 168.0 171.0 Ending Stocks 31.0 20.4 27.1 29.4 Avg. Farm Price ($/cwt) 6/ 9.61 11.70 11.00 - 12.00 10.70 - 11.70 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. June July Harvested Acres (mil.) 0.69 0.63 Yield (pounds/acre) 8,311 8,048 Beginning Stocks 20.9 11.5 12.4 8.4 Production 57.7 50.4 53.0 56.5 Supply, Total 7/ 81.1 65.4 68.9 68.4 Domestic & Residual 3/ 31.4 34.0 27.0 29.0 Exports 8/ 38.2 23.0 31.0 30.0 Use, Total 69.6 57.0 58.0 59.0 Ending Stocks 11.5 8.4 10.9 9.4 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 13.10 15.10 14.70 - 15.70 14.50 - 15.50 California 10/ 14.10 16.70 16.50 - 17.50 16.00 - 17.00 Other States 1/ 10.10 12.00 11.20 - 12.20 11.00 - 12.00 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2015/16 -2.9; 2016/17 -3.5; 2017/18 -3.5. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and endin g stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kerne l and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farm ers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.65 per cwt from 2008/09 -2013/14, with a high of $3.50 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. * For June -- Planted acres reported in March 29, 2018 "Prospective Plantings". Harvested acres are estimated us ing the average harvested -to-planted ratios by rice class, 2013- 2017. For July -- Planted and harvested area reported in June 29, 2018 "Acreage" report. Projected yield is based on by -class trend analysis and prospective planting. July 2018 WASDE - 579 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Jun Jul Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 83.4 90.1 89.0 * 89.6 ** Area Harvested 82.7 89.5 88.2 * 88.9 ** Fil ler Bushels Yield per Harvested Acre 52.0 49.1 48.5 * 48.5 ** Million Bushels Beginning Stocks 197 302 505 465 Production 4,296 4,392 4,280 4,310 Imports 22 22 25 25 Supply, Total 4,515 4,715 4,810 4,800 Crushings 1,901 2,030 2,000 2,045 Exports 2,166 2,085 2,290 2,040 Seed 105 104 103 103 Residual 41 32 32 32 Use, Total 4,214 4,251 4,425 4,220 Ending Stocks 302 465 385 580 Avg. Farm Price ($/bu) 2/ 9.47 9.35 8.75 - 11.25 8.00 - 10.50 Total SOYBEAN OIL 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. June July Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,687 1,711 2,176 2,316 Production 4/ 22,123 23,440 23,100 23,620 Imports 319 315 300 300 Supply, Total 24,129 25,466 25,576 26,236 Domestic Disappearance 19,862 20,700 21,300 21,800 Biodiesel 3/ 6,200 6,900 7,300 7,800 Food, Feed & other Industrial 13,662 13,800 14,000 14,000 Exports 2,556 2,450 2,100 2,200 Use, Total 22,418 23,150 23,400 24,000 Ending stocks 1,711 2,316 2,176 2,236 Avg. Price (c/lb) 2/ 32.48 30.25 29.50 - 33.50 28.00 - 32.00 Total SOYBEAN MEAL 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. June July Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 264 401 300 400 Production 4/ 44,787 48,299 47,450 48,450 Imports 350 500 350 350 Supply, Total 45,400 49,200 48,100 49,200 Domestic Disappearance 33,420 35,300 35,400 35,700 Exports 11,580 13,500 12,400 13,100 Use, Total 45,000 48,800 47,800 48,800 Ending Stocks 401 400 300 400 Avg. Price ($/s.t.) 2/ 316.88 350.00 330.00 - 370.00 315.00 - 355.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude s oybean oil, De catur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made from methyl ester as reported by the U.S. Energy Information Admin istration. 4/ Based on an October year crush of 2,040 million bushels for 2017/18 and 2,045 mill ion bushels for 2018/19. *Planted acres are reported in the March 29, 2018 Prospective Plantings report. Harvested acres ar e based on the 5- year average harvested -to-planted ratio. The projected yield is based on a weather -adjusted trend model. **Plant ed and harvested acres are from the June 29, 2018 Acreage report. The yield is based on a weather -adjusted trend model. July 2018 WASDE - 579 - 16 U.S. Sugar Supply and Use 1/ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Jun Jul Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 2,054 1,876 1,876 2,011 Production 2/ 8,969 9,293 8,961 8,776 Beet Sugar 5,103 5,276 5,036 5,036 Cane Sugar 3,866 4,017 3,925 3,740 Florida 2,055 1,983 2,085 2,000 Hawaii 43 0 0 0 Louisiana 1,628 1,859 1,680 1,590 Texas 140 175 160 150 Imports 3,244 3,402 3,365 3,560 TRQ 3/ 1,611 1,788 1,355 1,539 Other Program 4/ 419 300 350 350 Other 5/ 1,213 1,314 1,660 1,670 Mexico 1,201 1,269 1,645 1,655 Total Supply 14,267 14,571 14,203 14,347 Exports 95 170 85 85 Deliveries 12,258 12,390 12,655 12,555 Food 6/ 12,102 12,235 12,500 12,400 Other 7/ 156 155 155 155 Miscellaneous 38 0 0 0 Total Use 12,391 12,560 12,740 12,640 Ending Stocks 1,876 2,011 1,463 1,707 Stocks to Use Ratio 15.1 16.0 11.5 13.5 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2017/18 and 2018/19 are based on Crop Production and processor projections where appropriate. 3/ Fo r 2017/18, WTO raw sugar TRQ shortfall (183) and for 2018/19 (99). 4/ Composed of sugar under the re - export and polyhydric alcohol programs. 5/ Imports from Mexico, high- tier tariff sugar, and syrups not otherwise specified. 6/ After 2014/15, SMD deliveri es for domestic human food use and for miscellaneous uses reported separately. 7/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE - reported deliveries: 2016/17 -- 389; estimated 2017/18 -- 254; projected 2018/19 -- 346. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2017/18 Est. Jun 1,002 5,970 190 4,727 1,192 1,243 2017/18 Est. Jul 1,002 6,009 190 4,727 1,228 1,247 2018/19 Proj. Jun 1,243 6,025 115 4,952 1,418 1,014 2018/19 Proj. Jul 1,247 6,025 115 4,952 1,427 1,008 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): Oct -Sep 2016/17 = 1,522, Estimated 2017/18 = 1,608; Oct - May 2016/17 = 981; Oct - May 2017/18 = 1,040; Projected 2018/19 = 1,608. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. I MMEX: 2017/18 (390 est); 2018/19 (390). Other Deliveries/Ending Year Statistical Adjustments: 2017/18 (0), 2018/19 (0). July 2018 WASDE - 579 - 17 U.S. Cotton Supply and Use 1/ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Jun Jul Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 10.07 12.61 13.47 * 13.52 ** Harvested 9.51 11.10 11.13 * 10.51 ** Fil ler Pounds Yield per Harvested Acre 867 905 841 * 845 ** Million 480 Pound Bales Beginning Stocks 3.80 2.75 4.20 4.00 Production 17.17 20.92 19.50 18.50 Imports 0.01 0.01 0.01 0.01 Supply, Total 20.98 23.68 23.71 22.51 Domestic Use 3.25 3.35 3.40 3.40 Exports, Total 14.92 16.20 15.50 15.00 Use, Total 18.17 19.55 18.90 18.40 Unaccounted 2/ 0.06 0.13 0.11 0.11 Ending Stocks 2.75 4.00 4.70 4.00 Avg. Farm Price 3/ 68.0 68.0 60.00 - 80.00 68.00 - 82.00 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. *Planted area as reported in March 29, 2018 Prospective Plantings. Harvested area based on 10 -year average abandonment by region. Yield based on 5- year average yields by region. **Planted area as reported in June 29, 2018 Acreage. Harvested area based on 10 -year average abandonment by region, with the Southwest adjusted to 35 percent based on weather conditions. Yield based on 5 -year average yields by region. July 2018 WASDE - 579 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 244.28 751.99 179.10 146.90 738.94 183.16 257.34 United States 26.55 62.83 3.21 4.37 31.86 28.60 32.13 Total Foreign 217.73 689.16 175.89 142.53 707.08 154.56 225.20 Major Exporters 4/ 25.41 227.73 5.95 65.82 151.35 83.95 23.78 Argentina 0.82 18.40 0.00 0.05 5.15 13.83 0.25 Australia 3.85 31.82 0.14 4.00 7.45 22.64 5.72 Canada 5.18 32.14 0.50 5.77 10.75 20.16 6.91 European Union 5/ 15.56 145.37 5.30 56.00 128.00 27.32 10.91 Major Importers 6/ 142.30 199.07 96.35 36.17 277.35 5.48 154.89 Brazil 1.00 6.73 7.35 0.80 12.20 0.62 2.26 China 97.04 128.85 4.41 16.50 118.50 0.75 111.05 Sel. Mideast 7/ 16.68 19.14 18.11 4.44 37.75 0.53 15.65 N. Africa 8/ 16.63 14.08 28.30 2.35 44.55 0.57 13.89 Pakistan 3.82 25.63 0.00 0.80 24.50 0.60 4.35 Southeast Asia 9/ 5.19 0.00 26.91 9.89 25.47 1.02 5.61 Selected Other India 14.54 87.00 5.90 4.70 97.12 0.52 9.80 FSU-12 16.79 130.09 7.34 27.62 78.65 54.42 21.15 Russia 5.61 72.53 0.50 17.00 40.00 27.81 10.83 Kazakhstan 2.60 14.99 0.08 2.10 6.90 7.40 3.36 Ukraine 3.35 26.79 0.04 3.60 10.30 18.11 1.77 2017/18 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 257.34 757.92 180.98 144.63 741.75 181.86 273.50 United States 32.13 47.37 4.28 1.36 29.32 24.52 29.95 Total Foreign 225.20 710.55 176.69 143.27 712.44 157.33 243.55 Major Exporters 4/ 23.78 220.88 6.26 65.65 152.23 73.10 25.59 Argentina 0.25 18.00 0.01 0.05 5.55 12.00 0.70 Australia 5.72 21.30 0.15 3.80 7.28 15.00 4.90 Canada 6.91 30.00 0.50 3.80 9.00 22.80 5.61 European Union 5/ 10.91 151.58 5.60 58.00 130.40 23.30 14.39 Major Importers 6/ 154.89 202.68 94.28 32.47 278.02 6.35 167.49 Brazil 2.26 4.26 7.00 0.50 12.00 0.25 1.27 China 111.05 129.77 4.00 13.50 117.00 1.00 126.82 Sel. Mideast 7/ 15.65 18.33 18.33 5.13 38.85 0.79 12.67 N. Africa 8/ 13.89 19.25 27.25 2.25 45.18 0.81 14.40 Pakistan 4.35 26.67 0.01 1.00 25.00 1.20 4.83 Southeast Asia 9/ 5.61 0.00 26.40 9.04 25.69 1.03 5.29 Selected Other India 9.80 98.51 1.17 5.00 95.83 0.44 13.20 FSU-12 21.15 142.22 8.10 32.31 83.96 68.13 19.38 Russia 10.83 84.99 0.40 21.50 45.00 41.00 10.22 Kazakhstan 3.36 14.80 0.06 2.10 6.90 8.50 2.83 Ukraine 1.77 26.98 0.05 3.40 9.90 17.50 1.40 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, K uwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2018 WASDE - 579 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jun 272.37 744.69 183.68 142.67 750.90 187.32 266.16 Jul 273.50 736.26 182.69 142.33 748.87 185.45 260.88 United States Jun 29.40 49.74 3.67 3.27 31.22 25.86 25.74 Jul 29.95 51.21 3.67 3.54 31.49 26.54 26.80 Total Foreign Jun 242.97 694.95 180.00 139.40 719.68 161.47 240.42 Jul 243.55 685.05 179.01 138.80 717.39 158.92 234.08 Major Exporters 4/ Jun 23.83 225.40 6.16 64.60 150.90 83.70 20.79 Jul 25.59 219.00 6.16 63.20 149.90 82.20 18.65 Argentina Jun 0.25 19.50 0.01 0.10 5.30 14.20 0.26 Jul 0.70 19.50 0.01 0.10 5.70 14.20 0.31 Australia Jun 5.10 24.00 0.15 4.00 7.50 17.00 4.75 Jul 4.90 22.00 0.15 4.60 8.10 16.00 2.95 Canada Jun 5.41 32.50 0.50 4.50 9.60 23.50 5.31 Jul 5.61 32.50 0.50 4.00 9.10 24.50 5.01 European Union 5/ Jun 13.07 149.40 5.50 56.00 128.50 29.00 10.47 Jul 14.39 145.00 5.50 54.50 127.00 27.50 10.39 Major Importers 6/ Jun 167.68 203.02 95.82 34.22 284.01 6.48 176.03 Jul 167.49 202.02 95.77 35.62 285.04 6.43 173.81 Brazil Jun 1.32 4.90 7.50 0.60 12.20 0.30 1.22 Jul 1.27 4.90 7.50 0.60 12.20 0.30 1.17 China Jun 126.82 129.00 4.00 15.00 120.00 1.20 138.62 Jul 126.82 128.00 4.50 17.00 122.00 1.20 136.12 Sel. Mideast 7/ Jun 12.54 18.86 18.74 4.78 39.20 1.14 9.80 Jul 12.67 18.86 18.59 4.83 39.12 1.14 9.86 N. Africa 8/ Jun 14.16 21.10 26.28 2.25 45.78 0.69 15.08 Jul 14.40 21.10 26.28 2.25 45.88 0.69 15.22 Pakistan Jun 4.83 25.50 0.01 1.20 25.30 1.00 4.04 Jul 4.83 25.50 0.01 1.20 25.30 1.00 4.04 Southeast Asia 9/ Jun 5.85 0.00 27.90 9.44 27.24 1.09 5.42 Jul 5.29 0.00 27.50 8.79 26.24 1.04 5.51 Selected Other India Jun 13.20 97.00 0.50 5.00 98.00 0.40 12.30 Jul 13.20 97.00 0.50 5.00 98.00 0.40 12.30 FSU-12 Jun 20.20 123.74 8.71 27.61 78.39 61.03 13.23 Jul 19.38 121.24 8.88 27.51 77.89 60.03 11.58 Russia Jun 10.72 68.50 0.50 17.00 39.50 35.00 5.22 Jul 10.22 67.00 0.60 17.00 39.00 34.00 4.82 Kazakhstan Jun 2.83 14.00 0.06 1.90 6.70 8.00 2.19 Jul 2.83 14.00 0.06 1.90 6.70 8.50 1.69 Ukraine Jun 1.70 26.50 0.03 3.40 9.60 17.00 1.63 Jul 1.40 25.50 0.03 3.20 9.40 16.50 1.03 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, K uwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2018 WASDE - 579 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 248.11 1,369.83 172.93 800.58 1,355.94 198.46 262.01 United States 48.11 402.61 3.43 144.75 327.53 64.46 62.17 Total Foreign 200.00 967.22 169.50 655.83 1,028.41 134.00 199.84 Major Exporters 4/ 18.09 212.15 2.65 90.19 121.56 77.85 33.47 Argentina 3.28 48.57 0.01 10.77 16.04 29.11 6.71 Australia 1.50 17.27 0.00 4.22 6.09 10.00 2.68 Brazil 7.01 101.58 1.55 53.45 64.03 31.61 14.49 Canada 4.97 26.62 0.94 14.22 22.08 4.85 5.60 Major Importers 5/ 45.04 241.06 120.76 275.39 357.99 11.05 37.82 European Union 6/ 15.57 152.82 15.61 119.87 160.84 8.09 15.07 Japan 1.76 0.17 17.00 13.25 17.25 0.00 1.68 Mexico 5.89 33.26 15.24 27.95 46.85 1.54 6.01 N. Afr & Mideast 7/ 10.51 24.90 34.13 54.79 62.59 0.16 6.80 Saudi Arabia 4.40 0.25 11.53 13.22 13.62 0.00 2.56 Southeast Asia 8/ 4.31 29.40 13.66 34.96 42.93 1.27 3.17 South Korea 1.95 0.20 9.32 7.25 9.62 0.00 1.85 Selected Other China 112.09 226.87 16.06 173.90 252.95 0.11 101.95 FSU-12 6.25 92.74 0.77 41.04 56.36 36.58 6.81 Russia 1.67 40.77 0.28 22.48 32.08 8.56 2.08 Ukraine 3.17 39.22 0.04 9.06 12.53 26.90 3.00 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 262.01 1,315.17 184.39 813.12 1,356.18 190.11 221.01 United States 62.17 384.26 3.03 141.96 327.46 66.96 55.04 Total Foreign 199.84 930.92 181.36 671.16 1,028.72 123.15 165.96 Major Exporters 4/ 33.47 178.99 2.79 91.34 123.32 68.61 23.32 Argentina 6.71 40.33 0.01 9.89 15.32 27.11 4.62 Australia 2.68 11.91 0.00 3.29 5.16 7.77 1.66 Brazil 14.49 86.29 1.05 56.01 66.46 26.02 9.36 Canada 5.60 26.21 1.58 15.69 23.45 5.41 4.53 Major Importers 5/ 37.82 245.33 130.54 282.85 366.57 10.91 36.22 European Union 6/ 15.07 153.17 17.26 120.40 162.02 8.51 14.97 Japan 1.68 0.19 16.97 13.22 17.21 0.00 1.63 Mexico 6.01 32.51 16.58 29.44 48.45 1.30 5.35 N. Afr & Mideast 7/ 6.80 29.41 38.73 59.35 67.35 0.16 7.44 Saudi Arabia 2.56 0.36 12.30 12.84 13.40 0.00 1.82 Southeast Asia 8/ 3.17 29.43 14.53 35.85 43.68 0.95 2.51 South Korea 1.85 0.20 9.98 7.61 10.12 0.00 1.92 Selected Other China 101.95 223.39 17.50 179.52 262.38 0.08 80.38 FSU-12 6.81 88.80 0.64 38.73 53.82 36.35 6.08 Russia 2.08 41.71 0.11 22.27 31.82 10.27 1.82 Ukraine 3.00 34.07 0.03 6.89 10.20 24.21 2.69 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Afri ca and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2018 WASDE - 579 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jun 221.07 1,336.84 190.31 826.56 1,376.34 195.72 181.57 Jul 221.01 1,336.91 188.98 827.99 1,378.12 195.87 179.79 United States Jun 55.94 369.80 3.55 139.98 328.11 58.95 42.23 Jul 55.04 375.09 3.55 141.70 329.58 61.11 43.00 Total Foreign Jun 165.14 967.04 186.76 686.59 1,048.23 136.77 139.34 Jul 165.96 961.82 185.43 686.29 1,048.55 134.76 136.80 Major Exporters 4/ Jun 22.41 203.50 2.00 93.88 126.88 77.36 23.67 Jul 23.32 202.24 2.00 93.43 126.43 77.20 23.93 Argentina Jun 4.61 48.85 0.01 10.90 16.55 30.31 6.61 Jul 4.62 48.85 0.01 10.90 16.55 30.31 6.62 Australia Jun 1.36 13.76 0.00 2.99 4.84 9.03 1.25 Jul 1.66 12.35 0.00 2.74 4.59 8.27 1.16 Brazil Jun 8.86 98.96 1.25 57.54 68.99 31.02 9.06 Jul 9.36 98.96 1.25 57.54 68.99 31.02 9.56 Canada Jun 4.53 27.38 0.61 15.78 23.24 4.80 4.48 Jul 4.53 27.53 0.61 15.58 23.04 5.40 4.23 Major Importers 5/ Jun 36.59 246.39 132.70 289.20 373.82 11.07 30.80 Jul 36.22 246.81 134.21 291.82 375.83 11.22 30.19 European Union 6/ Jun 15.62 154.24 16.56 121.80 164.07 8.61 13.74 Jul 14.97 154.66 16.56 122.70 164.37 8.76 13.06 Japan Jun 1.63 0.19 16.77 13.12 17.11 0.00 1.47 Jul 1.63 0.19 16.87 13.42 17.41 0.00 1.27 Mexico Jun 5.35 31.89 17.31 30.52 49.74 1.50 3.31 Jul 5.35 31.89 18.31 31.62 50.84 1.50 3.21 N. Afr & Mideast 7/ Jun 7.28 30.07 38.91 61.30 69.26 0.20 6.80 Jul 7.44 30.07 38.61 60.90 68.86 0.20 7.06 Saudi Arabia Jun 1.82 0.34 13.01 13.55 14.08 0.00 1.10 Jul 1.82 0.34 13.21 13.75 14.28 0.00 1.10 Southeast Asia 8/ Jun 2.49 29.39 16.21 37.23 45.16 0.77 2.17 Jul 2.51 29.39 16.16 37.18 45.11 0.77 2.18 South Korea Jun 1.82 0.20 9.84 7.55 10.05 0.00 1.80 Jul 1.92 0.20 10.39 8.11 10.62 0.00 1.89 Selected Other China Jun 80.38 232.81 19.70 185.15 271.23 0.07 61.59 Jul 80.38 232.81 16.90 184.35 270.43 0.07 59.59 FSU-12 Jun 6.08 92.57 0.73 37.97 52.86 40.60 5.91 Jul 6.08 88.07 0.70 36.50 50.99 38.50 5.36 Russia Jun 1.82 40.93 0.16 20.68 30.13 11.06 1.72 Jul 1.82 36.43 0.16 19.18 28.23 8.86 1.32 Ukraine Jun 2.69 38.25 0.04 7.28 10.49 27.71 2.77 Jul 2.69 38.25 0.04 7.28 10.49 27.71 2.77 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middl e East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2018 WASDE - 579 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 210.01 1,078.45 135.69 633.32 1,060.80 159.86 227.66 United States 44.12 384.78 1.45 138.95 313.83 58.27 58.25 Total Foreign 165.88 693.67 134.24 494.37 746.97 101.59 169.41 Major Exporters 4/ 9.32 157.05 0.87 65.96 84.36 59.88 23.00 Argentina 1.46 41.00 0.01 7.50 11.20 25.99 5.28 Brazil 6.77 98.50 0.85 51.00 60.50 31.60 14.02 South Africa 1.10 17.55 0.00 7.46 12.66 2.29 3.70 Major Importers 5/ 22.39 124.80 80.40 147.96 201.01 5.00 21.58 Egypt 2.22 6.00 8.77 12.70 15.10 0.01 1.89 European Union 6/ 6.71 61.74 15.02 55.00 74.00 2.19 7.29 Japan 1.35 0.00 15.17 11.60 15.20 0.00 1.32 Mexico 5.21 27.58 14.57 22.50 40.40 1.54 5.42 Southeast Asia 7/ 4.30 29.35 13.48 34.90 42.70 1.26 3.16 South Korea 1.94 0.08 9.23 7.21 9.41 0.00 1.83 Selected Other 0.00 Canada 2.45 13.89 0.85 7.50 13.10 1.52 2.57 China 110.77 219.55 2.46 162.00 232.00 0.08 100.71 FSU-12 2.60 47.79 0.35 17.67 20.51 27.15 3.08 Ukraine 1.39 27.97 0.03 5.10 6.50 21.33 1.55 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 227.66 1,033.74 146.33 649.38 1,069.67 150.50 191.73 United States 58.25 370.96 1.02 138.44 317.77 60.96 51.50 Total Foreign 169.41 662.78 145.32 510.94 751.90 89.53 140.23 Major Exporters 4/ 23.00 130.30 0.51 66.90 86.10 52.30 15.41 Argentina 5.28 33.00 0.01 7.00 10.80 24.00 3.49 Brazil 14.02 83.50 0.50 53.50 63.00 26.00 9.02 South Africa 3.70 13.80 0.01 6.40 12.30 2.30 2.90 Major Importers 5/ 21.58 124.94 85.60 153.60 207.45 4.26 20.42 Egypt 1.89 6.40 9.40 13.40 15.90 0.01 1.78 European Union 6/ 7.29 62.22 16.50 57.00 76.50 2.00 7.50 Japan 1.32 0.00 15.20 11.60 15.20 0.00 1.32 Mexico 5.42 26.80 16.20 24.30 42.30 1.30 4.82 Southeast Asia 7/ 3.16 29.38 14.40 35.70 43.50 0.95 2.50 South Korea 1.83 0.08 9.80 7.50 9.80 0.00 1.91 Selected Other 0.00 Canada 2.57 14.10 1.50 8.60 14.20 1.40 2.57 China 100.71 215.89 4.00 167.00 241.00 0.05 79.55 FSU-12 3.08 42.07 0.40 15.24 18.04 24.76 2.75 Ukraine 1.55 24.12 0.03 3.50 4.80 19.50 1.39 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting dis crepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra- trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2018 WASDE - 579 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jun 192.69 1,052.42 151.61 663.10 1,090.42 156.02 154.69 Jul 191.73 1,054.30 151.22 666.66 1,094.08 157.79 151.96 United States Jun 53.40 356.63 1.27 135.90 317.90 53.34 40.07 Jul 51.50 361.46 1.27 137.80 318.28 56.52 39.43 Total Foreign Jun 139.29 695.79 150.34 527.21 772.52 102.68 114.62 Jul 140.23 692.85 149.95 528.86 775.80 101.27 112.52 Major Exporters 4/ Jun 14.80 151.00 0.71 69.60 90.10 60.20 16.21 Jul 15.41 151.00 0.71 69.60 90.10 60.20 16.81 Argentina Jun 3.48 41.00 0.01 8.00 12.00 27.00 5.49 Jul 3.49 41.00 0.01 8.00 12.00 27.00 5.49 Brazil Jun 8.52 96.00 0.70 55.00 65.50 31.00 8.72 Jul 9.02 96.00 0.70 55.00 65.50 31.00 9.22 South Africa Jun 2.80 14.00 0.00 6.60 12.60 2.20 2.00 Jul 2.90 14.00 0.00 6.60 12.60 2.20 2.10 Major Importers 5/ Jun 20.93 122.89 87.10 156.20 210.85 3.77 16.30 Jul 20.42 123.39 86.60 157.40 211.55 3.77 15.10 Egypt Jun 1.78 6.40 9.70 13.60 16.10 0.01 1.77 Jul 1.78 6.40 9.70 13.60 16.10 0.01 1.77 European Union 6/ Jun 8.13 61.00 16.00 57.50 77.50 1.50 6.13 Jul 7.50 61.50 16.00 58.50 78.00 1.50 5.50 Japan Jun 1.32 0.00 15.00 11.50 15.10 0.00 1.22 Jul 1.32 0.00 14.50 11.20 14.80 0.00 1.02 Mexico Jun 4.82 26.00 16.70 25.00 43.20 1.50 2.82 Jul 4.82 26.00 16.20 25.00 43.20 1.50 2.32 Southeast Asia 7/ Jun 2.48 29.34 16.00 37.00 44.90 0.76 2.16 Jul 2.50 29.34 16.00 37.00 44.90 0.76 2.17 South Korea Jun 1.81 0.08 9.70 7.50 9.80 0.00 1.78 Jul 1.91 0.08 10.20 8.00 10.30 0.00 1.88 Selected Other Canada Jun 2.37 15.30 0.50 8.80 14.20 1.55 2.42 Jul 2.57 14.80 0.50 8.50 13.90 1.55 2.42 China Jun 79.55 225.00 5.00 172.00 249.00 0.05 60.50 Jul 79.55 225.00 5.00 174.00 251.00 0.05 58.50 FSU-12 Jun 2.75 49.50 0.41 17.07 19.86 29.85 2.95 Jul 2.75 46.50 0.39 15.84 18.54 28.35 2.75 Ukraine Jun 1.39 30.00 0.03 4.50 5.80 24.00 1.61 Jul 1.39 30.00 0.03 4.50 5.80 24.00 1.61 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2018 WASDE - 579 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 132.79 486.71 41.32 482.74 47.21 136.77 United States 1.48 7.12 0.75 4.23 3.65 1.46 Total Foreign 131.32 479.60 40.58 478.51 43.57 135.31 Major Exporters 4/ 29.48 163.15 0.76 132.88 33.39 27.12 India 18.40 109.70 0.00 95.78 11.77 20.55 Pakistan 1.12 6.85 0.01 3.10 3.52 1.37 Thailand 8.40 19.20 0.25 12.00 11.62 4.24 Vietnam 1.56 27.40 0.50 22.00 6.49 0.97 Major Importers 5/ 10.01 65.90 11.90 77.61 1.18 9.03 Brazil 0.31 8.38 0.61 8.00 0.83 0.48 European Union 6/ 1.18 2.08 1.84 3.60 0.32 1.18 Indonesia 3.51 36.86 0.35 37.80 0.00 2.92 Nigeria 1.53 3.78 2.50 6.55 0.00 1.26 Philippines 2.11 11.69 1.10 12.90 0.00 2.00 Sel. Mideast 7/ 0.86 1.78 3.87 5.63 0.00 0.88 Selected Other 0.00 Burma 1.24 12.65 0.01 10.00 3.35 0.55 C. Amer & Carib 8/ 0.50 1.67 1.81 3.37 0.04 0.57 China 78.50 144.95 5.30 141.45 0.81 86.50 Egypt 0.92 4.80 0.10 4.30 0.10 1.43 Japan 2.55 7.78 0.71 8.50 0.05 2.49 Mexico 0.13 0.18 0.87 0.92 0.09 0.17 South Korea 1.83 4.20 0.41 4.65 0.00 1.78 2017/18 Est. Beginning Sto c ks Production Imports Total /2 Dom estic Exports Ending Sto c ks World 3/ 136.77 488.60 48.18 481.51 48.32 143.86 United States 1.46 5.66 0.86 4.10 2.86 1.03 Total Foreign 135.31 482.95 47.32 477.42 45.47 142.84 Major Exporters 4/ 27.12 166.81 0.65 133.82 34.50 26.27 India 20.55 110.00 0.00 97.35 12.80 20.40 Pakistan 1.37 7.50 0.00 3.20 4.20 1.47 Thailand 4.24 20.37 0.25 11.17 10.50 3.19 Vietnam 0.97 28.94 0.40 22.10 7.00 1.21 Major Importers 5/ 9.03 66.50 14.00 78.45 1.08 9.99 Brazil 0.48 8.08 0.70 8.05 0.75 0.45 European Union 6/ 1.18 2.04 1.90 3.65 0.30 1.17 Indonesia 2.92 37.00 2.00 38.00 0.00 3.91 Nigeria 1.26 3.78 2.60 6.70 0.00 0.94 Philippines 2.00 12.30 1.30 13.10 0.00 2.50 Sel. Mideast 7/ 0.88 1.93 3.65 5.70 0.00 0.76 Selected Other 0.00 Burma 0.55 13.20 0.01 9.90 3.50 0.36 C. Amer & Carib 8/ 0.57 1.67 1.76 3.35 0.04 0.61 China 86.50 145.99 5.50 142.70 1.30 93.99 Egypt 1.43 4.30 0.05 4.40 0.05 1.33 Japan 2.49 7.59 0.69 8.45 0.05 2.26 Mexico 0.17 0.18 0.85 0.92 0.10 0.19 South Korea 1.78 3.97 0.41 4.88 0.06 1.23 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil , Indonesia , Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU -28. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. July 2018 WASDE - 579 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Jun 143.89 487.35 46.60 488.06 49.35 143.18 Jul 143.86 487.80 46.44 487.91 49.21 143.75 United States Jun 1.18 6.45 0.86 3.91 3.27 1.32 Jul 1.03 6.76 0.86 4.06 3.24 1.34 Total Foreign Jun 142.70 480.90 45.74 484.15 46.08 141.87 Jul 142.84 481.04 45.59 483.84 45.97 142.41 Major Exporters 4/ Jun 26.00 166.28 0.65 134.10 34.80 24.03 Jul 26.27 166.67 0.65 133.90 34.70 24.98 India Jun 20.20 109.00 0.00 98.20 13.00 18.00 Jul 20.40 109.00 0.00 98.00 12.50 18.90 Pakistan Jun 1.47 7.40 0.00 3.50 4.00 1.37 Jul 1.47 7.40 0.00 3.30 4.20 1.37 Thailand Jun 3.19 21.20 0.25 10.20 11.00 3.44 Jul 3.19 21.20 0.25 10.20 11.00 3.44 Vietnam Jun 1.15 28.68 0.40 22.20 6.80 1.22 Jul 1.21 29.07 0.40 22.40 7.00 1.28 Major Importers 5/ Jun 9.99 66.73 13.80 79.37 1.03 10.11 Jul 9.99 66.73 13.80 79.37 1.03 10.11 Brazil Jun 0.45 8.02 0.70 8.10 0.70 0.37 Jul 0.45 8.02 0.70 8.10 0.70 0.37 European Union 6/ Jun 1.17 2.00 2.00 3.70 0.30 1.17 Jul 1.17 2.00 2.00 3.70 0.30 1.17 Indonesia Jun 3.91 37.30 1.20 38.20 0.00 4.21 Jul 3.91 37.30 1.20 38.20 0.00 4.21 Nigeria Jun 0.94 3.78 3.00 6.90 0.00 0.82 Jul 0.94 3.78 3.00 6.90 0.00 0.82 Philippines Jun 2.50 12.35 1.10 13.40 0.00 2.55 Jul 2.50 12.35 1.10 13.40 0.00 2.55 Sel. Mideast 7/ Jun 0.76 1.82 3.85 5.73 0.00 0.70 Jul 0.76 1.82 3.85 5.73 0.00 0.70 Selected Other Burma Jun 0.36 13.40 0.01 9.90 3.50 0.37 Jul 0.36 13.40 0.01 9.90 3.50 0.37 C. Amer & Carib 8/ Jun 0.61 1.72 1.94 3.59 0.03 0.65 Jul 0.61 1.72 1.92 3.57 0.03 0.65 China Jun 93.99 142.20 5.50 144.00 1.70 95.99 Jul 93.99 142.20 5.50 144.00 1.70 95.99 Egypt Jun 1.33 3.30 0.40 4.40 0.02 0.61 Jul 1.33 3.30 0.40 4.40 0.02 0.61 Japan Jun 2.26 7.60 0.69 8.40 0.05 2.10 Jul 2.26 7.60 0.69 8.40 0.05 2.10 Mexico Jun 0.19 0.18 0.88 0.94 0.09 0.22 Jul 0.19 0.18 0.88 0.94 0.09 0.22 South Korea Jun 1.23 3.85 0.41 4.50 0.01 0.98 Jul 1.23 3.73 0.41 4.48 0.05 0.84 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil , Indonesia , Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU -28. 6/ Trade excludes intr a-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. July 2018 WASDE - 579 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2016/17 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 93.48 106.63 37.66 115.81 37.40 0.21 84.34 United States 3.80 17.17 0.01 3.25 14.92 0.06 2.75 Total Foreign 89.68 89.46 37.65 112.56 22.48 0.15 81.59 Major Exporters 4/ 22.71 50.69 3.63 31.96 19.27 0.01 25.79 Central Asia 5/ 2.37 5.99 3/ 2.87 3.09 0.00 2.40 Afr. Fr. Zone 6/ 1.38 5.09 3/ 0.14 4.33 0.01 2.00 S. Hemis 7/ 8.77 12.25 0.37 4.29 7.05 -0.02 10.06 Australia 1.88 4.05 3/ 0.04 3.73 -0.03 2.19 Brazil 5.71 7.02 0.19 3.20 2.79 0.00 6.93 India 9.94 27.00 2.74 24.00 4.55 0.00 11.13 Major Importers 8/ 65.26 35.86 31.88 76.67 2.04 0.14 54.15 Mexico 0.61 0.77 1.00 1.75 0.15 0.03 0.45 China 56.70 22.75 5.03 38.50 0.06 0.00 45.92 European Union 9/ 0.25 1.31 0.70 0.72 1.33 0.05 0.17 Turkey 1.53 3.20 3.68 6.50 0.33 0.00 1.58 Pakistan 2.62 7.70 2.40 10.30 0.13 0.03 2.27 Indonesia 0.53 0.01 3.39 3.30 0.01 0.00 0.62 Thailand 0.20 3/ 1.23 1.20 0.00 0.03 0.20 Bangladesh 1.52 0.13 6.80 6.80 0.00 0.01 1.63 Vietnam 0.78 3/ 5.50 5.40 0.00 0.00 0.88 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Use Exports Loss /2 Ending Sto c ks World 84.34 123.69 40.15 122.23 40.69 0.30 84.96 United States 2.75 20.92 0.01 3.35 16.20 0.13 4.00 Total Foreign 81.59 102.77 40.14 118.88 24.49 0.17 80.96 Major Exporters 4/ 25.79 56.85 2.41 32.82 21.02 0.02 31.20 Central Asia 5/ 2.40 6.60 3/ 3.39 2.79 0.00 2.83 Afr. Fr. Zone 6/ 2.00 5.22 3/ 0.14 4.44 0.00 2.65 S. Hemis 7/ 10.06 15.57 0.21 4.46 8.52 0.01 12.85 Australia 2.19 4.90 3/ 0.04 4.00 0.00 3.06 Brazil 6.93 9.20 0.05 3.40 4.15 0.00 8.63 India 11.13 29.00 1.70 24.20 5.00 0.00 12.63 Major Importers 8/ 54.15 42.94 35.29 82.05 2.35 0.15 47.83 Mexico 0.45 1.56 1.00 1.90 0.33 0.03 0.75 China 45.92 27.50 5.40 41.00 0.13 0.00 37.69 European Union 9/ 0.17 1.54 0.72 0.74 1.38 0.06 0.25 Turkey 1.58 4.00 4.10 7.30 0.35 0.00 2.03 Pakistan 2.27 8.20 3.20 10.60 0.16 0.03 2.88 Indonesia 0.62 3/ 3.40 3.40 0.01 0.00 0.62 Thailand 0.20 3/ 1.05 1.05 0.00 0.03 0.18 Bangladesh 1.63 0.14 7.60 7.50 0.00 0.01 1.86 Vietnam 0.88 3/ 6.90 6.60 0.00 0.00 1.19 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cot e d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includ es intra -EU trade. July 2018 WASDE - 579 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2018/19 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Jun 88.21 120.40 41.06 125.35 41.07 0.22 83.02 Jul 84.96 120.11 41.23 126.95 41.24 0.27 77.84 United States Jun 4.20 19.50 0.01 3.40 15.50 0.11 4.70 Jul 4.00 18.50 0.01 3.40 15.00 0.11 4.00 Total Foreign Jun 84.01 100.90 41.05 121.95 25.57 0.11 78.32 Jul 80.96 101.61 41.23 123.55 26.24 0.16 73.84 filler filler filler filler filler filler filler Major Exporters 4/ Jun 30.70 55.28 2.17 34.27 21.71 0.02 32.15 Jul 31.20 55.85 2.17 34.42 22.28 0.02 32.50 Central Asia 5/ Jun 2.73 6.50 3/ 3.72 2.58 0.00 2.94 Jul 2.83 6.47 3/ 3.72 2.58 0.00 3.01 Afr. Fr. Zone 6/ Jun 2.65 5.28 3/ 0.14 4.74 0.00 3.05 Jul 2.65 5.28 3/ 0.14 4.76 0.00 3.02 S. Hemis 7/ Jun 12.60 14.46 0.22 4.54 9.85 0.01 12.89 Jul 12.85 14.86 0.22 4.69 10.35 0.01 12.89 Australia Jun 3.16 3.80 3/ 0.04 4.40 0.00 2.52 Jul 3.06 3.70 3/ 0.04 4.40 0.00 2.32 Brazil Jun 8.28 9.00 0.08 3.45 4.90 0.00 9.00 Jul 8.63 9.50 0.08 3.60 5.40 0.00 9.20 India Jun 12.48 28.50 1.50 25.20 4.25 0.00 13.03 Jul 12.63 28.70 1.50 25.20 4.30 0.00 13.33 filler filler filler filler filler filler filler Major Importers 8/ Jun 51.38 42.60 36.42 83.65 2.64 0.09 44.02 Jul 47.83 42.75 36.60 85.10 2.72 0.14 39.22 Mexico Jun 0.80 1.60 0.93 1.85 0.55 0.03 0.90 Jul 0.75 1.75 0.93 1.90 0.55 0.03 0.95 China Jun 41.17 26.50 7.00 41.50 0.05 0.00 33.12 Jul 37.69 26.50 7.00 42.50 0.15 0.00 28.54 European Union 9/ Jun 0.38 1.56 0.71 0.74 1.48 0.00 0.42 Jul 0.25 1.56 0.71 0.74 1.46 0.05 0.27 Turkey Jun 2.03 4.30 3.60 7.40 0.35 0.00 2.18 Jul 2.03 4.30 3.60 7.40 0.35 0.00 2.18 Pakistan Jun 2.78 8.50 2.20 10.50 0.20 0.03 2.76 Jul 2.88 8.50 2.30 10.70 0.20 0.03 2.76 Indonesia Jun 0.62 3/ 3.50 3.50 0.01 0.00 0.62 Jul 0.62 3/ 3.50 3.50 0.01 0.00 0.62 Thailand Jun 0.18 3/ 1.08 1.05 0.00 0.03 0.18 Jul 0.18 3/ 1.08 1.05 0.00 0.03 0.18 Bangladesh Jun 1.86 0.14 7.90 7.80 0.00 0.01 2.08 Jul 1.86 0.14 8.00 8.00 0.00 0.01 1.98 Vietnam Jun 1.19 3/ 7.70 7.50 0.00 0.00 1.39 Jul 1.19 3/ 7.70 7.50 0.00 0.00 1.39 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3 / Less than 5,000 bales. 4/ Incl udes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. July 2018 WASDE - 579 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 80.45 348.12 144.32 287.35 328.87 147.35 96.67 United States 5.35 116.92 0.61 51.74 55.71 58.96 8.21 Total Foreign 75.09 231.20 143.72 235.60 273.16 88.39 88.46 Major Exporters 3/ 52.29 183.14 1.94 87.54 95.54 79.51 62.33 Argentina 33.65 55.00 1.67 43.30 47.83 7.03 35.47 Brazil 18.56 114.60 0.25 40.41 43.81 63.14 26.46 Paraguay 0.03 10.20 0.01 3.75 3.81 6.13 0.30 Major Importers 4/ 19.76 16.79 122.61 113.10 135.87 0.39 22.91 China 16.91 12.90 93.50 88.00 102.80 0.11 20.39 European Union 1.56 2.41 13.42 14.40 16.04 0.22 1.13 Japan 0.26 0.24 3.18 2.39 3.46 0.00 0.22 Mexico 0.15 0.52 4.13 4.60 4.64 0.00 0.16 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ 96.67 336.70 154.28 296.29 339.39 152.24 96.02 United States 8.21 119.52 0.60 55.25 58.94 56.74 12.64 Total Foreign 88.46 217.19 153.68 241.05 280.45 95.49 83.38 Major Exporters 3/ 62.33 168.20 3.99 85.93 94.18 85.65 54.68 Argentina 35.47 37.00 3.75 39.15 43.77 3.10 29.35 Brazil 26.46 119.50 0.23 43.00 46.54 74.65 25.00 Paraguay 0.30 10.00 0.01 3.70 3.78 6.25 0.28 Major Importers 4/ 22.91 18.24 127.70 118.39 142.64 0.48 25.73 China 20.39 14.20 97.00 92.00 108.00 0.15 23.44 European Union 1.13 2.67 14.10 14.90 16.55 0.28 1.07 Japan 0.22 0.25 3.25 2.35 3.51 0.00 0.21 Mexico 0.16 0.43 4.60 5.00 5.04 0.00 0.16 2018/19 Proj. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ Jun 92.49 355.24 159.37 313.47 357.70 162.37 87.02 Jul 96.02 359.49 154.36 309.31 354.29 157.32 98.27 United States Jun 13.75 116.48 0.68 54.43 58.11 62.32 10.48 Jul 12.64 117.30 0.68 55.66 59.33 55.52 15.77 Total Foreign Jun 78.74 238.76 158.69 259.04 299.59 100.05 76.55 Jul 83.38 242.19 153.68 253.65 294.96 101.80 82.49 Major Exporters 3/ Jun 52.98 186.80 2.09 91.23 99.84 89.77 52.26 Jul 54.68 190.30 2.69 89.73 98.35 91.82 57.50 Argentina Jun 28.15 56.00 1.85 44.00 48.94 8.00 29.06 Jul 29.35 57.00 2.25 43.00 47.95 8.00 32.65 Brazil Jun 24.50 118.00 0.23 43.20 46.78 72.95 23.00 Jul 25.00 120.50 0.43 42.70 46.28 75.00 24.65 Paraguay Jun 0.28 9.80 0.01 3.95 4.03 5.90 0.15 Jul 0.28 9.80 0.01 3.95 4.03 5.90 0.15 Major Importers 4/ Jun 22.86 18.27 134.29 128.51 153.39 0.50 21.52 Jul 25.73 18.67 127.76 124.16 149.75 0.50 21.90 China Jun 20.64 14.10 103.00 102.00 118.40 0.15 19.19 Jul 23.44 14.50 95.00 96.50 113.60 0.15 19.19 European Union Jun 1.07 2.75 14.20 14.90 16.55 0.30 1.17 Jul 1.07 2.75 15.30 15.80 17.45 0.30 1.37 Japan Jun 0.21 0.26 3.25 2.30 3.47 0.00 0.26 Jul 0.21 0.26 3.30 2.35 3.52 0.00 0.26 Mexico Jun 0.09 0.49 4.65 5.05 5.09 0.00 0.14 Jul 0.16 0.49 4.75 5.20 5.24 0.00 0.16 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). July 2018 WASDE - 579 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.22 225.90 60.53 222.03 64.48 13.14 United States 0.24 40.63 0.32 30.32 10.51 0.36 Total Foreign 12.98 185.27 60.21 191.71 53.97 12.77 Major Exporters 3/ 7.07 72.14 0.05 24.65 47.09 7.51 Argentina 4.23 33.28 0.00 2.85 31.32 3.34 Brazil 2.71 31.66 0.04 16.94 13.76 3.70 India 0.13 7.20 0.01 4.86 2.01 0.48 Major Importers 4/ 2.11 16.08 36.60 52.48 0.53 1.77 European Union 0.83 11.38 18.92 30.34 0.33 0.46 Southeast Asia 5/ 1.18 2.90 16.06 18.72 0.20 1.22 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 13.14 233.26 60.44 230.78 64.18 11.87 United States 0.36 43.82 0.45 32.02 12.25 0.36 Total Foreign 12.77 189.44 59.98 198.76 51.93 11.51 Major Exporters 3/ 7.51 69.58 0.05 25.53 44.75 6.86 Argentina 3.34 30.10 0.00 3.00 27.65 2.79 Brazil 3.70 33.40 0.03 17.48 15.70 3.95 India 0.48 6.08 0.02 5.05 1.40 0.12 Major Importers 4/ 1.77 16.76 36.48 52.93 0.59 1.50 European Union 0.46 11.77 18.50 30.04 0.38 0.31 Southeast Asia 5/ 1.22 3.22 16.33 19.42 0.21 1.13 2018/19 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Jun 11.89 246.54 62.53 243.42 65.82 11.72 Jul 11.87 243.31 62.22 240.32 65.15 11.93 United States Jun 0.27 43.05 0.32 32.11 11.25 0.27 Jul 0.36 43.95 0.32 32.39 11.88 0.36 Total Foreign Jun 11.61 203.50 62.22 211.31 54.57 11.45 Jul 11.51 199.36 61.90 207.94 53.27 11.57 Major Exporters 3/ Jun 6.99 74.49 0.04 27.25 47.40 6.87 Jul 6.86 73.35 0.04 26.98 46.20 7.07 Argentina Jun 2.79 33.66 0.00 3.20 30.50 2.75 Jul 2.79 33.05 0.00 3.20 29.80 2.84 Brazil Jun 4.05 33.55 0.03 18.15 15.50 3.98 Jul 3.95 33.10 0.03 18.15 15.00 3.93 India Jun 0.15 7.28 0.01 5.90 1.40 0.14 Jul 0.12 7.20 0.01 5.63 1.40 0.31 Major Importers 4/ Jun 1.55 16.81 36.98 53.35 0.50 1.49 Jul 1.50 17.59 36.77 53.98 0.50 1.38 European Union Jun 0.37 11.77 18.50 29.94 0.30 0.39 Jul 0.31 12.48 18.30 30.54 0.30 0.25 Southeast Asia 5/ Jun 1.12 3.30 16.83 20.02 0.20 1.03 Jul 1.13 3.34 16.82 20.02 0.20 1.07 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. July 2018 WASDE - 579 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 3.58 53.79 10.84 53.42 11.25 3.53 United States 0.77 10.04 0.15 9.01 1.16 0.78 Total Foreign 2.81 43.75 10.70 44.41 10.10 2.75 Major Exporters 3/ 0.62 18.98 0.35 11.80 7.46 0.69 Argentina 0.26 8.40 0.00 2.99 5.39 0.28 Brazil 0.20 7.85 0.06 6.61 1.24 0.26 European Union 0.16 2.74 0.29 2.21 0.83 0.15 Major Importers 4/ 1.16 17.89 5.81 23.58 0.21 1.08 China 0.52 15.77 0.71 16.35 0.12 0.54 India 0.48 1.62 3.53 5.20 0.00 0.43 North Africa 5/ 0.16 0.50 1.56 2.03 0.09 0.11 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 3.53 55.26 10.05 54.71 10.69 3.44 United States 0.78 10.63 0.14 9.39 1.11 1.05 Total Foreign 2.75 44.63 9.90 45.32 9.58 2.39 Major Exporters 3/ 0.69 18.68 0.31 12.13 6.88 0.67 Argentina 0.28 7.60 0.00 3.01 4.68 0.20 Brazil 0.26 8.25 0.06 6.90 1.43 0.25 European Union 0.15 2.83 0.25 2.23 0.78 0.23 Major Importers 4/ 1.08 18.51 5.36 23.90 0.23 0.82 China 0.54 16.49 0.45 16.85 0.15 0.47 India 0.43 1.37 3.30 4.85 0.00 0.25 North Africa 5/ 0.11 0.65 1.61 2.20 0.08 0.10 2018/19 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Jun 3.37 58.38 10.68 57.57 11.19 3.67 Jul 3.44 57.68 10.87 57.15 11.33 3.51 United States Jun 0.99 10.48 0.14 9.66 0.95 0.99 Jul 1.05 10.71 0.14 9.89 1.00 1.01 Total Foreign Jun 2.38 47.90 10.55 47.91 10.23 2.69 Jul 2.39 46.97 10.73 47.26 10.33 2.50 Major Exporters 3/ Jun 0.65 19.63 0.31 12.39 7.45 0.75 Jul 0.67 19.56 0.26 12.32 7.54 0.64 Argentina Jun 0.20 8.51 0.00 3.17 5.33 0.22 Jul 0.20 8.36 0.00 3.04 5.33 0.20 Brazil Jun 0.20 8.29 0.06 6.98 1.33 0.24 Jul 0.25 8.20 0.06 7.02 1.28 0.21 European Union Jun 0.25 2.83 0.25 2.25 0.80 0.29 Jul 0.23 3.00 0.20 2.26 0.94 0.24 Major Importers 4/ Jun 0.92 20.60 5.71 25.87 0.24 1.12 Jul 0.82 19.62 6.01 25.25 0.24 0.96 China Jun 0.54 18.28 0.35 18.45 0.15 0.57 Jul 0.47 17.29 0.70 17.83 0.15 0.49 India Jun 0.25 1.64 3.65 5.10 0.01 0.43 Jul 0.25 1.62 3.60 5.10 0.01 0.36 North Africa 5/ Jun 0.13 0.69 1.71 2.32 0.09 0.12 Jul 0.10 0.71 1.71 2.32 0.09 0.12 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tunisia. July 2018 WASDE - 579 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2017 III 6,736 6,240 13,029 10,551 1,479 12,167 25,197 2,204 53.5 IV 6,742 6,796 13,595 10,472 1,533 12,139 25,734 2,235 53.1 Annual 26,187 25,584 51,991 41,662 5,981 48,178 100,169 8,808 215.5 2018 I 6,465 6,645 13,167 10,385 1,452 11,962 25,129 2,186 54.4 II 6,730 6,335 13,122 10,640 1,475 12,250 25,372 2,218 55.8 III* 6,920 6,535 13,508 10,770 1,480 12,390 25,898 2,262 53.9 IV* 7,035 7,230 14,321 10,700 1,535 12,370 26,691 2,305 53.8 Annual Jun Proj. 27,125 26,715 54,058 42,450 5,937 48,922 102,980 8,931 218.0 Jul Proj. 27,150 26,745 54,118 42,495 5,942 48,972 103,090 8,971 217.9 2019 I* 6,515 6,815 13,384 10,625 1,475 12,227 25,611 2,240 55.0 II* 6,965 6,655 13,675 10,835 1,465 12,441 26,116 2,265 56.6 Annual Jun Proj. 27,715 27,610 55,542 43,300 5,970 49,816 105,358 9,110 221.1 Jul Proj. 27,690 27,700 55,607 43,360 5,970 49,876 105,483 9,130 220.6 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2017 III 112.46 55.59 94.9 96.9 102.1 17.73 IV 117.88 44.89 86.1 88.0 147.0 17.83 Annual 121.52 50.48 93.5 96.1 100.9 17.65 2018 I 125.60 49.12 95.7 79.4 179.6 15.67 II 116.72 47.91 115.1 79.6 124.4 16.20 -16.30 III* 107-111 47-49 103-107 78-82 127-133 15.35 -15.75 IV* 108-116 35-37 94-100 87-93 130-140 16.55 -17.25 Annual Jun Proj. 114-118 44-45 100-104 81-84 135-140 16.60 -17.00 Jul Proj. 114-117 45-46 102-105 81-84 140-144 15.95 -16.25 2019 I* 116-126 39-43 96-104 77-83 115-125 16.35 -17.35 II* 118-128 42-46 105-113 82-88 110-120 15.95 -16.95 Annual Jun Proj. 113-122 42-45 97-105 84-91 120-130 16.70 -17.70 Jul Proj. 113-122 40-44 97-105 84-91 119-129 16.25 -17.25 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. July 2018 WASDE - 579 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2017 757 26,250 2,993 30,000 2,860 649 26,492 56.9 2018 Proj. Jun 649 27,188 3,052 30,888 3,050 680 27,158 57.9 Jul 649 27,213 3,052 30,913 3,070 680 27,163 57.9 2019 Proj. Jun 680 27,778 3,140 31,598 3,150 690 27,758 58.8 Jul 680 27,753 3,140 31,573 3,165 690 27,718 58.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2017 507 25,598 1,116 27,221 5,632 554 21,035 50.1 2018 Proj. Jun 554 26,729 1,144 28,427 5,991 575 21,861 51.7 Jul 554 26,759 1,144 28,457 5,991 575 21,891 51.8 2019 Proj. Jun 575 27,624 1,165 29,364 6,165 585 22,614 53.1 Jul 575 27,714 1,165 29,454 6,165 585 22,704 53.3 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2017 1,304 52,078 4,361 57,744 8,497 1,246 48,000 108.2 2018 Proj. Jun 1,246 54,146 4,448 59,840 9,048 1,303 49,489 110.9 Jul 1,246 54,206 4,455 59,907 9,068 1,310 49,529 111.0 2019 Proj. Jun 1,303 55,630 4,561 61,494 9,323 1,323 50,848 113.2 Jul 1,310 55,695 4,568 61,573 9,338 1,330 50,905 113.4 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2017 778 41,217 126 42,120 6,791 856 34,473 90.8 2018 Proj. Jun 856 41,996 133 42,985 6,938 830 35,217 92.2 Jul 856 42,040 127 43,023 6,938 840 35,245 92.2 2019 Proj. Jun 830 42,837 136 43,803 7,100 860 35,843 93.2 Jul 840 42,896 129 43,865 7,100 860 35,905 93.4 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2017 279 5,981 25 6,284 622 310 5,352 16.4 2018 Proj. Jun 310 5,937 26 6,273 663 325 5,285 16.1 Jul 310 5,942 26 6,278 663 300 5,315 16.2 2019 Proj. Jun 325 5,970 28 6,323 655 310 5,358 16.2 Jul 300 5,970 28 6,298 655 310 5,333 16.1 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2017 1,065 47,732 154 48,951 7,544 1,170 40,236 108.5 2018 Proj. Jun 1,170 48,467 163 49,800 7,724 1,163 40,913 109.5 Jul 1,170 48,516 157 49,843 7,701 1,144 40,998 109.8 2019 Proj. Jun 1,163 49,352 168 50,683 7,890 1,178 41,615 110.7 Jul 1,144 49,411 161 50,716 7,890 1,177 41,649 110.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2017 2,369 99,810 4,515 106,694 16,041 2,416 88,237 216.8 2018 Proj. Jun 2,416 102,612 4,611 109,640 16,772 2,466 90,402 220.4 Jul 2,416 102,722 4,612 109,750 16,769 2,454 90,527 220.7 2019 Proj. Jun 2,466 104,982 4,729 112,177 17,213 2,501 92,463 223.9 Jul 2,454 105,106 4,729 112,289 17,228 2,507 92,554 224.1 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready -to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. July 2018 WASDE - 579 - 33 U.S. Egg Supply and Use Commodity 2016 2017 2018 Proj. 2018 Proj. 2019 Proj. 2019 Proj. Jun Jul Jun Jul Eggs Million Dozen Supply Beginning Stocks 73.6 142.2 87.5 87.5 90.0 75.0 Production 8,578.7 8,807.8 8,930.6 8,970.6 9,110.0 9,130.0 Imports 129.5 34.2 28.0 28.0 35.0 35.0 Total Supply 8,781.8 8,984.1 9,046.1 9,086.1 9,235.0 9,240.0 Use Exports 304.2 354.9 335.9 341.9 340.0 340.0 Hatching Use 1,009.6 1,034.9 1,052.0 1,067.0 1,075.0 1,085.0 Ending Stocks 142.2 87.5 90.0 75.0 90.0 80.0 Disappearance Total 7,325.8 7,506.9 7,568.2 7,602.2 7,730.0 7,735.0 Per Capita (number) 271.6 276.3 276.7 277.9 280.8 281.0 Total U.S. Milk Supply and Use Commodity 2016 2017 2018 Proj. 2018 Proj. 2019 Proj. 2019 Proj. Jun Jul Jun Jul Milk Billion Pounds Production 212.4 215.5 218.0 217.9 221.1 220.6 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 12.3 12.7 13.4 13.4 12.6 13.5 Marketings 211.4 214.5 217.1 216.9 220.1 219.6 Imports 6.9 6.0 5.8 5.9 5.6 5.6 Total Cml. Supply 230.7 233.2 236.3 236.2 238.3 238.7 Fat Basis Use Commercial Exports 8.4 9.2 10.2 10.2 9.8 9.9 Ending Commercial Stocks 12.7 13.4 12.6 13.5 11.8 12.5 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 209.6 210.5 213.5 212.5 216.7 216.3 Skim -solid Basis Supply Beg. Commercial Stocks 9.2 9.5 11.8 11.8 10.4 10.5 Marketings 211.4 214.5 217.1 216.9 220.1 219.6 Imports 6.5 6.1 5.6 5.6 5.6 5.6 Total Cml. Supply 227.1 230.1 234.5 234.3 236.1 235.7 Skim -solid Basis Use Commercial Exports 39.1 40.7 46.2 46.0 45.6 44.9 Ending Commercial Stocks 9.5 11.8 10.4 10.5 10.7 10.8 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 178.5 177.6 177.9 177.8 179.8 180.0 Total Note: Totals may not add due to rounding. July 2018 WASDE - 579 - 34 U.S. Dairy Prices Commodity 2016 2017 2018 Proj. 2018 Proj. 2019 Proj. 2019 Proj. Jun Jul Jun Jul Product Prices 1/ Dollars Per Pound Cheese 1.6050 1.6344 1.605 - 1.645 1.540 - 1.570 1.625 - 1.725 1.575 - 1.675 Butter 2.0777 2.3303 2.295 - 2.365 2.245 - 2.305 2.210 - 2.340 2.220 - 2.350 Nonfat Dry Milk 0.8292 0.8666 0.775 - 0.815 0.730 - 0.760 0.755 - 0.825 0.740 - 0.810 Dry Whey 0.2875 0.4437 0.295 - 0.315 0.275 - 0.295 0.300 - 0.330 0.280 - 0.310 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 14.87 16.17 15.05 - 15.45 14.30 - 14.60 15.30 - 16.30 14.70 - 15.70 Class IV 13.77 15.16 14.30 - 14.80 13.65 - 14.05 13.70 - 14.80 13.65 - 14.75 All Milk 3/ 16.30 17.65 16.60 - 17.00 15.95 - 16.25 16.70 - 17.70 16.25 - 17.25 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated pla nts for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . July 2018 WASDE - 579 - 35 Reliability of July Projections 1/ Note: Tables on pages 35 -37 present a record of the July projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 2.9 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 4.9 percent. The average difference between the July p rojectio n and the final estimate is 14.6 million tons, ranging from 1 million to 34.6 million tons. The July projection has been below the estimate 23 times a nd above 14 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 2.9 4.9 14.6 1.0 34.6 23 14 U.S. 3.5 6.0 1.6 0.2 6.2 17 20 Foreign 3.1 5.3 14.3 0.3 34.7 24 13 Exports World 6.0 10.2 6.4 0.2 18.7 25 12 U.S. 11.9 20.2 2.8 0.2 10.0 21 16 Foreign 7.5 12.7 6.3 0.1 21.3 26 11 Domestic Use World 2.0 3.4 9.2 1.6 25.7 23 14 U.S. 7.3 12.3 1.9 0.0 5.0 14 23 Foreign 2.0 3.4 8.9 1.3 26.9 25 12 Ending Stocks World 9.8 16.7 11.9 0.1 35.3 26 11 U.S. 18.7 31.8 3.2 0.2 13.9 22 15 Foreign 10.3 17.4 10.3 1.2 31.7 26 11 COARSE GRAINS 2/ Production World 2.9 4.9 22.3 1.3 68.4 19 18 U.S. 10.3 17.4 16.0 0.6 57.9 18 19 Foreign 2.5 4.2 13.8 1.1 40.5 19 18 Exports World 7.9 13.4 7.8 0.6 23.8 26 11 U.S. 26.6 45.1 8.0 0.2 24.4 15 22 Foreign 14.4 24.4 7.4 1.4 19.7 25 12 Domestic Use World 1.8 3.0 14.2 0.0 46.0 20 17 U.S. 4.6 7.7 7.0 0.0 22.2 24 13 Foreign 1.9 3.3 11.2 1.0 37.9 21 16 Ending Stocks World 17.4 29.6 18.6 1.6 60.2 23 14 U.S. 39.9 67.7 12.9 0.5 50.5 15 22 Foreign 14.4 24.4 11.6 0.2 43.6 26 11 RICE, milled Production World 2.4 4.1 6.9 0.4 24.0 23 14 U.S. 5.1 8.6 0.2 0.0 0.7 18 17 Foreign 2.4 4.1 6.9 0.5 24.3 23 14 Exports World 9.1 15.5 1.7 0.0 6.7 27 10 U.S. 10.7 18.1 0.2 0.0 1.0 17 16 Foreign 10.0 16.9 1.6 0.0 6.5 27 10 Domestic Use World 2.0 3.4 4.7 0.2 22.9 23 14 U.S. 8.4 14.2 0.2 0.0 0.5 13 23 Foreign 2.1 3.5 4.8 0.2 22.9 23 14 Ending Stocks World 13.7 23.3 6.0 0.1 21.4 28 9 U.S. 28.4 48.2 0.3 0.0 1.0 23 13 Foreign 15.1 25.6 6.0 0.2 21.2 29 8 1/ Footnotes at end of table. CONTINUED July 2018 WASDE - 579 - 36 Reliability of July Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 5.2 8.8 7.6 0.5 26.9 17 20 U.S. 7.1 12.0 3.6 0.2 11.7 19 18 Foreign 7.6 12.9 6.8 1.0 25.8 20 17 Exports World 7.8 13.2 3.4 0.0 10.7 24 13 U.S. 12.8 21.7 2.7 0.1 6.8 21 16 Foreign 20.0 34.0 2.7 0.0 10.5 21 16 Domestic Use World 3.9 6.5 5.3 0.5 16.1 22 15 U.S. 5.3 9.0 1.7 0.0 4.9 23 14 Foreign 4.2 7.1 4.5 0.1 11.2 22 15 Ending Stocks World 15.6 26.5 4.5 0.0 26.1 21 16 U.S. 54.1 91.8 2.6 0.0 8.2 12 25 Foreign 19.4 32.9 4.5 0.0 21.8 23 14 COTTON Million 480 -Pound Bales Production World 5.8 9.9 4.0 0.0 14.9 23 14 U.S. 9.9 16.8 1.4 0.1 5.3 21 16 Foreign 6.0 10.1 3.2 0.0 12.1 21 15 Exports World 10.4 17.7 2.4 0.1 11.6 21 16 U.S. 27.6 46.9 1.3 0.1 3.6 23 14 Foreign 13.7 23.3 1.9 0.0 9.8 17 20 Domestic Use World 4.2 7.2 3.0 0.0 15.4 18 19 U.S. 9.2 15.7 0.5 0.0 1.4 18 18 Foreign 4.3 7.3 2.9 0.1 14.6 17 20 Ending Stocks World 16.3 27.7 5.9 0.2 16.3 24 13 U.S. 40.1 68.1 1.5 0.1 4.9 15 22 Foreign 16.0 27.1 5.0 0.5 16.1 26 11 1/ Marketing years 1981/82 through 2017/18 for grains, soybeans and cotton. Final for grains, soybeans and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2016/17, and for 2017/18 the last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. July 2018 WASDE - 579 - 37 Reliability of United States July Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 11.2 19.1 577 12 2,190 21 16 Exports 27.6 46.9 286 0 900 15 20 Domestic Use 5.0 8.4 273 0 770 24 12 Ending Stocks 48.9 82.9 464 11 1,840 16 21 SORGHUM Production 18.3 31.1 70 3 213 20 17 Exports 37.0 62.9 44 0 170 18 18 Domestic Use 27.9 47.4 51 3 139 15 22 Ending Stocks 66.8 113.3 47 0 174 13 23 BARLEY Production 7.9 13.4 21 0 87 13 23 Exports 65.9 111.8 14 0 92 22 14 Domestic Use 10.2 17.3 25 0 87 15 21 Ending Stocks 22.5 38.3 27 0 114 15 21 OATS Production 12.5 21.2 20 0 144 6 30 Exports 98.4 166.9 1 0 8 10 12 Domestic Use 6.4 10.9 16 0 67 11 22 Ending Stocks 23.8 40.4 14 0 68 15 21 SOYBEAN MEAL Thousand Short Tons Production 5.3 9.0 1,279 118 4,432 26 11 Exports 15.4 26.2 893 50 2,450 21 16 Domestic Use 5.7 9.7 966 76 4,470 18 19 Ending Stocks 40.7 69.1 50 0 413 10 16 SOYBEAN OIL Million Pounds Production 5.0 8.6 620 60 2,130 26 11 Exports 34.5 58.5 417 0 1,575 21 15 Domestic Use 4.3 7.2 456 0 2,300 21 15 Ending Stocks 40.1 68.1 480 15 1,568 19 18 ANIMAL PROD. Million Pounds Beef 4.0 6.9 766 60 2,677 17 7 Pork 3.0 5.1 433 20 1,372 13 11 Broilers 2.2 3.8 655 175 1,338 10 14 Turkeys 3.9 6.7 166 2 468 10 14 Million Dozen Eggs 1.6 2.7 95 4 266 17 7 Billion Pounds Milk 1.5 2.6 1.9 0.0 7.0 13 7 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2017/18 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate followin g the marketing year for 1981/82 through 2016/17, and for 2017/18 the last month’s estimate. Calendar years 1994 through 2017 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1 994-2017. WASDE -579-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Dema nd Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data f or grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report ar e provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 WASDE Notification System Subscribers are notified through GovDelivery when the monthly World Agricultural Supply and Demand Estimates (WASDE) report is available. Previous WASDE reports are available at http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1194 For questions contact: Susan Carter at 202- 720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE -579 – July 12, 2018 WASDE Briefing Slides : The briefing slides which accompany today’s WASDE report will be available at http://www.usda.gov/oce/commodity/wasde/ Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e -mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu. Select the “Reports by E -Mail” bar to sign up. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternati ve means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554-9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 548 Approved by the Worl d Agricultural Outlook Board December 9, 2015 WHEAT: No changes are made to the U.S. all whea t balance sheet this month. By-class, the only changes are a 10-million-bushel increase in 2015/16 Hard Red Winter exports that is offset by a 10-million-reduction in Hard Red Spring exports. Global wheat supplies for 2015/16 are raised 2.3 million tons primarily on increased production but also higher beginning stocks. World wheat prod uction remains record high and is raised 1.9 million tons to 734.9 million. The primary production change is for Canada, which is raised 1.6 million tons to 27.6 million on a Statistics Canada report. Global wheat trade for 2015/16 is raised with exports up 1.3 million tons on larger supplies, expected policy changes in Argentina, and stronger demand in several importing countries. Exports are raised 1.0 million tons for Argentina, and 0.5 million tons each for Canada and Ukraine. The Argentina change is based on the expectation that the new government will reduce export restrictions. The Canada change is on a larger crop as well as a strong pace to date. The Ukraine change is also on a fast pace as well as strong feed wheat demand in Southeast Asia. Partially offsetting is a 1.0-million-ton reduction for EU exports on a slow pace of licenses and competition, especially from Black Sea origins. The largest import increases are 0.4 million tons for Ethiopia on expectations of additional tende rs in response to emergency food needs, and 0.3 million tons each for Indonesia and Thailand on increased feed wheat purchases. Total world wheat consumption for 2015/16 is down 0.2 million tons. The biggest change is a 1.0-million-ton decrease in EU wheat feeding that is mostly offset by increased consumption in several other countries, notably 0.3 million-t on-increases each for Indonesia and Thailand feeding. Global ending stocks are projected 2.6 m illion tons higher with large increases for the EU and Canada partially offset by decreases for Argentina and Ukraine. COARSE GRAINS: Projected U.S. feed grain ending stocks for 2015/16 are raised slightly this month. U.S. corn use for ethanol production in 2015/16 is projected 25 million bushels higher based on the stronger-than-expected pace of ethanol production during November as indicated by weekly data from the Energy Information Administration (EIA). EIA also raised its forecasts for 2015 and 2016 gasoline consumption in the December Short-term Energy Outlook . Corn exports for 2015/16 are projected 50 million bushels lower, reflecting the slow pace of sales and shipments to date and higher projected exports for Brazil and Canada. U.S. corn ending stocks are projected 25 million bushels higher at 1,785 million bushels. The projected range for the season-average corn farm price is unchanged at $3.35 to $3.95 per bushel, in line with prices reported to date and current futures price levels. The sorghum farm price range is lowered 10 cents on each end to $3.20 to $3.80 per bushel, reflecting the latest reported prices through October and continued weakness in interior cash sorghum bids. Global coarse grain supplies for 2015/16 are projected lower this month with global corn production lowered 1.0 million tons. Corn produc tion is lowered 1.5 million tons for India with reduced area and yield prospects as a result of limited monsoon rainfall. South Africa corn WASDE-548-2 production is lowered 0.8 million tons as October and Novemb er dryness has significantly delayed plantings in the higher-yielding eastern growing areas, thus reducing yield prospects. Partly offsetting these reductions is a 1.3-million-ton increase for Canada corn based on the latest official production estimates from St atistics Canada. Other coarse grain production changes for 2015/16 are mostly offsetting with lower Argentina sorghum, Chile oats, and Australia barley output offset by higher Canada barley and In dia millet production. Global coarse grain consumption for 2015/16 is lowered slightly. Global corn consumption is lowered 1.0 million tons mostly reflecting lower use in India and Taiwan. Corn use is increased for EU and Chile. Global barley consumption is raised with incr eases for EU an d Canada. Millet consumption is higher for India with a larger crop, but oats consumption declines for Chile with a smaller crop. World corn trade for 2015/16 is lowered with imports reduced for Canada and Taiwan. Corn exports are lowered for the United States, India, and South Africa, but raised for Canada. Brazil corn exports for 2014/15 (March 2015 through February 2016) are raised 1.0 million tons to a record 32.0 million putting additional pressure on 2015/16 U.S. corn exports (September 2015 through August 2016). Global corn ending stocks for 2015/16 are nearly unchanged with higher projected stocks for the United States and Canada offset by lower projected stocks for Brazil and EU. RICE: The U.S. 2015/16 rice supply and use is changed very little from a month ago. The all rice import forecast is lowered 1. 0 million cwt to 24.5 million, all in long-grain, as the pace to date is slower than expected. No changes are made to 2015/16 use. All rice domestic and residual use and exports ar e forecast at 127.0 million cwt and 98. 0 million, respectively. All rice ending stocks are lowered 1.0 million cwt to 38.8 million, all in long-grain. Long- grain ending stocks are forecast at 20.8 million cwt and medium- and short-grain stocks at 16.1 million. The 2015/16 long-grain season-average farm price range is projected at $11.50 to $12.50 per cwt, unchanged from last month. The medium- and short-grain farm price range is projected at $17.00 to $18.00 per cwt, down 60 cents per cwt on each end of the range. The California medium- and short-grain rice price, at a midpoint of $21.00 per cwt, is down 50 cents per cwt from last month. The Other States medium-and short-grain rice price, at a midpoint of $12.30 per cwt, is lowered 70 cents per cwt. The all rice season-average farm price is forecast at $13.10 to $14.10 per cwt, down 20 cents per cwt on each end of the range. Lower-than-expected prices published by the National Agricultural Statistics Service (NASS) for October along with price expectations for the remainder of the marketing year support the downward adjustment in rice prices from a month ago. Global 2015/16 rice supplies are lowered more than the decline in use resulting in a reduction in ending stocks. This is the third consecutive year that global consumption exceeds production leading to a drawdown in world ending stocks. Gl obal production is lowe red 4.2 million tons to 469.3 million tons, down about 8. 9 million tons from the preceding year, and the smallest crop since 2011/12. Production forecasts are lowered for Australia, India, Madagascar, and the Philippines. The 2015/16 India crop is lowered 3.5 million tons to 100.0 million, the smallest crop since 2010/11. The reduction is due to a drop in expected Kharif rice production as early harvest reports indicate lower-than-expected yields ac ross the northeastern rice growing region. Additionally, the slow pace of plantings of the Rabi rice crop due mostly to dryness is expected to lower expected yields and production. Rice production in Australia is lowered 254,000 tons as area is lowered 36,000 hectares to 30,000 hectares . This is the smallest area in production since 2008/09. Rice production in the Philippines is lowered 250,00 0 tons to 11.3 million due to cyclone damage. The rice crop in Madagascar is lowered 256,000 tons to 2.4 million because of lower yields. WASDE-548-3 Global rice consumption for 2015 /16 is lowered 1.6 million tons to 484.6 million tons, still a record. Consumption forecasts are lowered in India, Madagascar, Nigeria, Thailand, and Vietnam. Global exports are unchanged at 41.3 mi llion as India is lowered and mostly offset by increases for Thailand and Vietnam. Imports are lowered for Nigeria and the United States. World 2015/16 ending stocks are lowered 2.6 milli on tons to 88.4 million, largely due to decreases for India, Nigeria, and Th ailand. Stocks are down 15.3 million tons from the preceding year and the smallest since 2007/08. The 2015/16 stocks-to-use ratio is projected at 18.2 percent, down from 21.5 in 2014/15, and the smallest since 17.9 percent in 2006/07. OILSEEDS: Total U.S. oilseed production for 2015/16 is forecast at 117.7 million tons, down slightly due to a small reduction in cottonseed. Soybean supply and use projections for 2015/16 are unchanged from last month. Soybean ending stocks are unchanged at 465 million bushels which, if realized, would be the highest since 2006/07. Soybean oil used for methyl ester is raised 200 million poun ds for 2015/16 reflecting the recent Environmental Pr otection Agency announcement of the biodiesel mandate for 2016. The U.S. season-average soybean price for 2015/16 is forecast at $8.15 to $9.65 per bushel, unchanged from last month. Soybean meal is forecast at $290 to $330 per short ton, down 10 dollars on both ends of the range. Soybean oil is forecast at 28.5 to 31.5 cents per pound, up 1 cent on both ends. Global oilseed production for 2 015/16 is projected at 529.0 milli on tons, down 2.0 million tons with foreign oilseeds accounting for most of the change. Global soybean production is projected at 320.1 million tons, down 0.9 million. The India soybean crop is reduced 1. 5 million tons to 8.0 million on lower yields resulting from inconsistent rainfall duri ng the growing season and late- season heat. Larger projections for Canada, Russia, and Ukraine partly offset the reduction for India. Global rapeseed production is projected at 67.5 million tons, up 0.5 million with a larger crop in Canada only partly offset by a lower forecast for India. Canada rapeseed production is raised 1.7 million tons to 17.2 million based on the latest survey results from Statistics Canada. The India crop is reduced on lower projected area, reflecting planting progress to date. Palm oil production is reduced for Indonesia and Malaysia for 2015/16 reflecting unusually dry conditions from June through Oc tober 2015. The Indonesia crop is reduced 2.0 million tons to 33 .0 million and the Malaysia crop is reduced 0.5 million tons to 20.5 million. Othe r changes include reduced cottonseed production for China and Pakistan. Global oilseed trade for 2015/16 is projected at 147.7 million tons, up 0.7 million from last month. Soybean exports account for most of the change with higher projections for Argentina, Serbia, and Ukraine. Soybean imports are raised for Pakistan, Taiwan, and Iran. Rapeseed exports are also higher with an increase for Canada only partly offset by a lower projection for Australia. Global oilseed crush is projected lower primar ily on reduced rapeseed and soybean crush for India. For Pakistan, increased soybean crush partly offsets lower rapeseed and cottonseed crush. Global oilseed ending stocks are projected at 95.1 million tons, up 1.0 million mainly reflecting increased rapeseed stocks in Canada. Global vegetable oil stocks are projected at 16.1 million tons, down 2.3 million mainly on lower palm oil stocks in Indonesia, Malaysia, and India. SUGAR: U.S. sugar production for 2015/16 is projected at 8.99 1 million short tons, raw value (STRV), an increase of 181,104 over last month. Beet sugar is projected 82,775 STRV higher at 5.158 million based on higher pr ocessor estimated sucrose co ntent. Florida cane sugar production is projected 133,329 STRV higher at 2.073 million ba sed on the NASS forecast of sugarcane for sugar and processo rs’ projected recovery. Louisi ana cane sugar production is WASDE-548-4 reduced 35,000 STRV to 1.465 m illion based on the harvest pace to date and planned harvest end dates. Imports from Mexico for 2015/16 are reduced by 207,902 STRV to 1.333 million, and deliveries for human consumption are increased by 170,000 to 11.955 million ba sed on final direct consumption import data and full-year alternative sweeteners data. Ending stocks are projected at 1.659 million STRV, implyi ng an ending stocks-to-us e ratio of 13.5 percent. Mexico 2014/15 sugar imports are estimated at 128,235 metric tons (MT), a reduction of 23,682 from last month based on end-of-year government import reporting. Sugar exports to the United States for 2014/15 are estimated at 1.311 million MT, a reduction of 15,250. This is based on a correction to U.S. import data by the Foreign Agricultural Service for a known revision in shipment data that will no t be revised by the U.S. Census Bureau until a la ter date. Sugar deliveries to the IMMEX sugar-containing products export program are estimated at 336,797 MT, an increase of 12,971 based on government reporting. This estimate is carried forward for the 2015/16 projection. For 2015/16, exports to the United States are projected at 1.140 million MT, down 177,929 based on changes made in the December 2015 sugar WASDE for the United States as per the Countervailing Duty (CVD) Suspension Agreement of December 19, 2014 (“Target Quantity of U.S. Sugar Needs”). Ending stocks for 2015/16 are forecast residually at 1.147 million MT implying an ending stocks- to-consumption ratio of 26.14 percent. LIVESTOCK, POULTRY, AND DAIRY: The forecasts for total meat production in 2015 and 2016 are reduced from last month. Beef production is lowered for 2015 due to a slower pace of fed cattle marketings and consequently, lower steer and heifer slaughter. However, as the pace of marketings is slower, carcass weights are expected to be heavier, providing a slight counterbalance to lower slaughter. For 2016, lower expected cattle placements during late 2015 will result in lower slaughter and beef production in mid-2016. However, th ere is a slight offset from higher expected carcass weights early in the year. Pork production is raised for 2015 on the pace of slaughter in November and early December. No change is made to 2016. USDA will release its Quarterly Hogs and Pigs report on December 23, providing an indication of producers’ hog production intentions into 2016. Broiler production is lowered for both 2015 and 2016 as hatchery data points to slower growth in broiler production. Egg production is lowered in 2015 based on recent production data, but hatchery data supports a slightly higher production forecast for early 2016. Beef imports for 2015 and 2016 are reduced to reflect the pace to date and weakening prices for processing beef. Beef exports for 2015 and 2016 are unchanged. Pork imports are unchanged but export forecasts for 2015 and 2016 are reduced as the strength of the dollar is limiting export competitiveness. Broiler and turkey exports for 2015 and 2016 are unchanged from last month. Cattle and hog prices for 2015 are lowered from last month. A combination of weaker-than- expected packer demand and relatively large supplies of cattle and hogs are expected to pressure prices. Cattle prices are reduced for all of 2016 and hog prices are lowered for early 2016. Broiler prices are raised for 2015 on current price movements, but are unchanged for 2016. Turkey prices for 2015 are reduced on current prices, but are unchanged for 2016. Egg prices are lowered for the end of 2015 and into early 2016, reflecting recent price movements. The milk production forecasts for 2015 and 2016 ar e reduced from last month as growth in milk per cow in 2015 and 2016 is slowed. Fat basis imports are reduced for 2015 on slower butter imports; on a skim-solids basis, imports are unchanged. No change is made to 2016 imports. Fat basis exports are unchanged for 2015 but are lowered for 2016 as global supplies of dairy WASDE-548-5 products are expected to remain large and sales of cheese are expected to be pressured. On a skim-solids basis, exports are lowered for 2015 as lactose and whey protein concentrates sales to date are limiting exports, and weaker expected sales of cheese and lactose in 2016 will dampen skim-solids export growth in 2016. Butter prices for remainder of 2015 and early 2016 are raised as prices have remained stronger than expected into early December. Cheese prices are lowered slightly for 2015 and 2016 based on current price movements and expected larger domestic supplies. The nonfat dry milk (NDM) prices are reduced for 2015 and 2016 as domestic and international supplies are expected to pressure prices. Whey prices are unchanged from last month. Class III prices are unchanged for 2015 and 2016 as the cheese price change was small. Class IV prices are raised for 2015 due to the stronger forecast butter price which more than offsets the lower NDM price. The 2016 Class IV price is lowered as the NDM price forecast is reduced. The all milk price is raised to $17.05 to $17.15 per cwt for 2015 and lowered to $15.95 to $16.75 per cwt for 2016. COTTON: The U.S. cotton 2015/16 supply and demand forecasts include reduced production and exports this month; ending stocks are revised down marginally. The U.S. crop is forecast at 13.0 million bales, down 250,000 from last month, due mainly to lower production in North and South Carolina. Domestic mill use is unchanged, but exports are reduced 200,000 based on the lower available supply and lagging sales to date. Ending stocks of 3.0 million bales account for 22 percent of total disappearance. The forecast range for the marketing year average price received by producers of 56 to 62 cents per pound is narrowed 1 cent on each end, with the midpoint unchanged at 59 cents. The world cotton 2015/16 projections show lower production, consumption, and ending stocks relative to last month. Global production is re duced 1.9 million bales, as reductions for Pakistan, China, the United States, Turkey, Greece, and Turkmenistan are partially offset by an increase for Australia. Total consumption is down slightly, reflecting reductions for China, India, and Pakistan, which are mostly offset by increases for Vietnam and Bangladesh. Projected world trade is raised 1.0 million bales, reflecting larg er expected imports for Pakistan, Vietnam, and Bangladesh, but lower imports for China. Exports are raised for India, Brazil, and Australia, but are reduced for the United States. World ending stocks are now projected 1.7 million bales below last month at 104.4 million. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Seth D. Meyer, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: ROBERT C. JOHANSSON SECRETARY OF AGRICULTURE DESIGNATE WASDE-548-6 INTERAGENCY COMMODIT Y ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers, ICEC Chair, WAOB, E-mail : [email protected] Gary Vocke, ERS; Te resa McKeivier, FAS; Tom Tice, FSA. Rice: Andrew C. Aaronson , ICEC Chair, WAOB, E-mail : [email protected] Nathan Childs, ERS; Rachel Tr ego, FAS; Mark Simone, FSA. Feed Grains: Jerry Norton, ICEC Chair, WAOB, E-mail : [email protected] Thomas Capehart, ERS; Yoonhee Mack e, FAS; Pete Riley, FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail : [email protected] Mark Ash, ERS; Bill Geor ge, FAS; Phil Sronce, FSA. Cotton: Carol Skelly, ICEC Chair, WAOB, E-mail : [email protected] Darryl Earnest, AMS; Leslie Me yer, ERS; James Johnson, FAS; Sherrie Grimm, FSA. Sugar: Stephen Haley, ICEC Chair, WAOB, E-mail : [email protected] Michael McConnell, ERS; Ron Lor d, FAS; Barbar a Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Sherry Wise, AMS; Kenneth Mathews, ERS; Claire Mezoughem, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Larry Haller, AMS; Davi d Harvey, ERS; Claire Mezoughem, FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Uthra Raghunathan, AMS; Jerry Cessna, ERS; Paul Kiendl , FAS; Milton Madison, FSA. In 2016, The WASDE report will be released on Jan. 12, Feb. 9, Mar. 9, Apr. 12, May. 10, Jun. 10, Jul. 12, Aug. 12, Sep. 12, Oct. 12, Nov. 9, Dec. 9. WASDE-548-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................... 1 Interagency Commodity Estimates Committees ..................................................... 6 World & U.S. Supply & Use for Grains ................................................................... 8 World & U.S. Supply & Use for Cotton ................................................................... 9 World & U.S. Supply & Use for Oilseeds .............................................................. 10 U.S. Wheat Supply & Use .................................................................................... 11 U.S. Wheat Supply & Use by Class ..................................................................... 11 U.S. Feed Grain & Corn Supply & Use ................................................................ 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13 U.S. Rice Supply & Use ....................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................ 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ............................................................................. 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use .................................................................................. 18 World Coarse Grains Supply & Use ..................................................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use ..................................................................................... 24 World Cotton Supply & Use ................................................................................. 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ..................................................................... 29 World Soybean Oil Supply & Use......................................................................... 30 U.S. Quarterly Animal Product Production ........................................................... 31 U.S. Quarterly Prices for Animal Products ........................................................... 31 U.S. Meats Supply and Use ................................................................................. 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use .................................................................................... 33 U.S. Dairy Prices ................................................................................................. 34 Reliability Tables ................................................................................................. 35 Related USDA Reports ........................................................................................ 38 Metric Conversion Factors ................................................................................... 38 Electronic Access and Subscriptions ....................................................................... 40 December 2015 WASDE - 548 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Outpu tTotal SupplyTrade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2013/14 2474.72 2926.20 372.11 2414.03 512.17 2014/15 (Est.) 2500.50 3012.66 388.41 2453.59 559.08 filler filler filler filler filler 2015/16 (Proj.) Nov 2476.04 3034.61 362.37 2469.12 565.48 2015/16 (Proj.) Dec 2472.82 3031.89 361.57 2466.67 565.22 filler filler filler filler filler Wheat 2013/14 715.26 892.33 165.91 698.56 193.77 2014/15 (Est.) 725.34 919.11 164.37 707.04 212.07 filler filler filler filler filler 2015/16 (Proj.) Nov 732.98 944.68 160.41 717.37 227.30 2015/16 (Proj.) Dec 734.93 947.01 161.66 717.14 229.86 filler filler filler filler filler Coarse Grains 5/ 2013/14 1281.02 1444.72 164.46 1233.88 210.84 2014/15 (Est.) 1296.97 1507.81 181.11 1264.55 243.26 filler filler filler filler filler 2015/16 (Proj.) Nov 1269.56 1512.70 160.63 1265.53 247.17 2015/16 (Proj.) Dec 1268.56 1511.83 158.57 1264.89 246.94 filler filler filler filler filler Rice, milled 2013/14 478.44 589.15 41.74 481.59 107.56 2014/15 (Est.) 478.19 585.74 42.93 482.00 103.74 filler filler filler filler filler 2015/16 (Proj.) Nov 473.50 577.23 41.33 486.22 91.02 2015/16 (Proj.) Dec 469.32 573.06 41.34 484.64 88.42 filler filler filler filler filler United States Outpu tTotal Supply Trade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2013/14 431.31 484.21 89.49 343.31 51.40 2014/15 (Est.) 439.45 499.12 83.13 346.99 69.00 filler filler filler filler filler 2015/16 (Proj.) Nov 430.05 506.29 79.16 351.91 75.23 2015/16 (Proj.) Dec 430.05 506.27 77.85 352.54 75.88 filler filler filler filler filler Wheat 2013/14 58.11 82.35 32.00 34.29 16.07 2014/15 (Est.) 55.15 75.28 23.25 31.53 20.50 filler filler filler filler filler 2015/16 (Proj.) Nov 55.84 79.74 21.77 33.18 24.79 2015/16 (Proj.) Dec 55.84 79.74 21.77 33.18 24.79 filler filler filler filler filler Coarse Grains 5/ 2013/14 367.09 393.85 54.49 305.05 34.31 2014/15 (Est.) 377.23 414.96 56.67 311.34 46.95 filler filler filler filler filler 2015/16 (Proj.) Nov 368.16 418.13 54.27 314.69 49.17 2015/16 (Proj.) Dec 368.16 418.14 52.96 315.32 49.85 filler filler filler filler filler Rice, milled 2013/14 6.12 8.01 3.01 3.98 1.03 2014/15 (Est.) 7.07 8.88 3.21 4.12 1.55 filler filler filler filler filler 2015/16 (Proj.) Nov 6.06 8.42 3.11 4.04 1.26 2015/16 (Proj.) Dec 6.06 8.39 3.11 4.04 1.23 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). December 2015 WASDE - 548 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Outpu tTotal Supply Trade 2 /Total UseEnding Stocks Total Grains 4/ 2013/14 2,043.41 2,441.99 282.62 2,070.72 460.76 2014/15 (Est.) 2,061.05 2,513.54 305.29 2,106.60 490.07 filler filler filler filler filler 2015/16 (Proj.) Nov 2,045.99 2,528.31 283.21 2,117.22 490.25 2015/16 (Proj.) Dec 2,042.76 2,525.62 283.73 2,114.13 489.34 filler filler filler filler filler Wheat 2013/14 657.16 809.97 133.91 664.27 177.70 2014/15 (Est.) 670.20 843.83 141.12 675.51 191.57 filler filler filler filler filler 2015/16 (Proj.) Nov 677.14 864.93 138.64 684.20 202.51 2015/16 (Proj.) Dec 679.09 867.26 139.89 683.97 205.07 filler filler filler filler filler Coarse Grains 5/ 2013/14 913.93 1,050.87 109.98 928.83 176.53 2014/15 (Est.) 919.73 1,092.85 124.44 953.20 196.31 filler filler filler filler filler 2015/16 (Proj.) Nov 901.41 1,094.56 106.36 950.84 197.99 2015/16 (Proj.) Dec 900.41 1,093.69 105.61 949.57 197.08 filler filler filler filler filler Rice, milled 2013/14 472.32 581.15 38.74 477.62 106.53 2014/15 (Est.) 471.12 576.87 39.73 477.89 102.19 filler filler filler filler filler 2015/16 (Proj.) Nov 467.44 568.82 38.22 482.18 89.75 2015/16 (Proj.) Dec 463.26 564.67 38.23 480.60 87.19 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales Outpu tTotal Supply Trade 2 /Total Use 3 /Ending Stocks World 2013/14 120.41 212.15 40.81 109.95 103.05 2014/15 (Est.) 119.11 222.16 35.39 110.38 112.01 filler filler filler filler filler 2015/16 (Proj.) Nov 105.63 217.56 34.35 111.59 106.09 2015/16 (Proj.) Dec 103.71 215.72 35.35 111.39 104.39 filler filler filler filler filler United States 2013/14 12.91 16.72 10.53 3.55 2.35 2014/15 (Est.) 16.32 18.68 11.25 3.58 3.70 filler filler filler filler filler 2015/16 (Proj.) Nov 13.28 16.99 10.20 3.70 3.10 2015/16 (Proj.) Dec 13.03 16.74 10.00 3.70 3.00 filler filler filler filler filler Foreign 4/ 2013/14 107.50 195.43 30.28 106.40 100.70 2014/15 (Est.) 102.79 203.48 24.14 106.80 108.31 filler filler filler filler filler 2015/16 (Proj.) Nov 92.35 200.57 24.15 107.89 102.99 2015/16 (Proj.) Dec 90.68 198.98 25.35 107.69 101.39 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. * Planted area based on March 31 Prospective Plantings. Harvested area based on th e previous 10-year average abandonment by region, with the Southwest estimated at 15 percen t due to favorable moisture. Yield per harveste d acre based on the previous 3-year average by region, with the Southwest ad justed to the 10-year average. December 2015 WASDE - 548 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Outpu tTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2013/14 505.37 573.62 133.55 418.87 78.13 2014/15 (Est.) 536.56 614.69 146.21 439.68 91.90 filler filler filler filler filler 2015/16 (Proj.) Nov 530.95 622.53 146.99 447.14 94.11 2015/16 (Proj.) Dec 528.96 620.85 147.69 444.99 95.14 filler filler filler filler filler Oilmeals 2013/14 282.23 293.50 82.20 276.72 12.97 2014/15 (Est.) 300.24 313.21 85.26 292.99 14.75 filler filler filler filler filler 2015/16 (Proj.) Nov 306.51 320.95 88.44 303.32 13.65 2015/16 (Proj.) Dec 305.37 320.12 87.60 302.76 13.36 filler filler filler filler filler Vegetable Oils 2013/14 170.77 188.79 70.00 166.09 19.17 2014/15 (Est.) 176.23 195.40 75.51 170.77 18.95 filler filler filler filler filler 2015/16 (Proj.) Nov 181.52 200.75 76.53 178.02 18.48 2015/16 (Proj.) Dec 178.28 197.23 76.02 176.90 16.14 filler filler filler filler filler United States Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2013/14 99.02 107.85 45.55 51.46 3.95 2014/15 (Est.) 116.03 121.82 51.14 55.10 6.78 filler filler filler filler filler 2015/16 (Proj.) Nov 117.74 126.13 47.66 55.75 14.62 2015/16 (Proj.) Dec 117.67 126.06 47.64 55.75 14.64 filler filler filler filler filler Oilmeals 2013/14 39.39 43.50 10.77 32.43 0.29 2014/15 (Est.) 43.32 47.47 12.18 34.99 0.30 filler filler filler filler filler 2015/16 (Proj.) Nov 43.21 47.23 11.02 35.88 0.34 2015/16 (Proj.) Dec 43.20 47.24 11.02 35.88 0.34 filler filler filler filler filler Vegetable Oils 2013/14 10.42 15.58 1.12 13.49 0.98 2014/15 (Est.) 10.97 16.17 1.17 13.79 1.21 filler filler filler filler filler 2015/16 (Proj.) Nov 11.28 16.71 1.31 13.94 1.47 2015/16 (Proj.) Dec 11.27 16.74 1.31 14.04 1.39 filler filler filler filler filler Foreign 3/ OutputTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2013/14 406.35 465.78 88.00 367.42 74.18 2014/15 (Est.) 420.54 492.87 95.08 384.58 85.12 filler filler filler filler filler 2015/16 (Proj.) Nov 413.21 496.40 99.33 391.40 79.49 2015/16 (Proj.) Dec 411.29 494.79 100.05 389.24 80.50 filler filler filler filler filler Oilmeals 2013/14 242.84 250.00 71.42 244.29 12.68 2014/15 (Est.) 256.92 265.74 73.08 258.00 14.45 filler filler filler filler filler 2015/16 (Proj.) Nov 263.30 273.72 77.42 267.45 13.31 2015/16 (Proj.) Dec 262.17 272.88 76.58 266.87 13.02 filler filler filler filler filler Vegetable Oils 2013/14 160.35 173.21 68.89 152.60 18.20 2014/15 (Est.) 165.26 179.23 74.34 156.98 17.74 filler filler filler filler filler 2015/16 (Proj.) Nov 170.24 184.04 75.22 164.08 17.02 2015/16 (Proj.) Dec 167.01 180.49 74.72 162.86 14.74 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. December 2015 WASDE - 548 - 11 U.S. Wheat Supply and Use 1/ 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Nov Dec Million Acres Area Planted 56.2 56.8 54.6 54.6 Area Harvested 45.3 46.4 47.1 47.1 Bushels Yield per Harvested Acre 47.1 43.7 43.6 43.6 Million Bushels Beginning Stocks 718 590 753 753 Production 2,135 2,026 2,052 2,052 Imports 173 149 125 125 Supply, Total 3,026 2,766 2,930 2,930 Food 955 958 967 967 Seed 77 81 72 72 Feed and Residual 228 120 180 180 Domestic, Total 1,260 1,159 1,219 1,219 Exports 1,176 854 800 800 Use, Total 2,436 2,013 2,019 2,019 Ending Stocks 590 753 911 911 Avg. Farm Price ($/bu) 2/ 6.87 5.99 4.80 - 5.20 4.80 - 5.20 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winte rHard Red SpringSoft Red Winte r White Durum Total Millio n Bushel s 2014/15 (Est.) Beginning Stocks 237 169 113 50 22 590 Production 739 556 455 224 54 2,026 Supply, Total 3/ 985 791 581 283 126 2,766 Domestic Use 422 308 294 71 63 1,159 Exports 269 270 133 146 37 854 Use, Total 691 579 427 216 100 2,013 Ending Stocks, Total 295 212 154 67 26 753 2015/16 (Proj.) Beginning Stocks 295 212 154 67 26 753 Production 827 564 359 219 82 2,052 Supply, Total 3/ 1,132 821 533 296 148 2,930 Domestic Use 491 287 256 107 78 1,219 Exports 225 265 130 140 40 800 Use, Total 716 552 386 247 118 2,019 Ending Stocks, Total Dec 416 269 147 49 30 911 Ending Stocks, Total Nov 426 259 147 49 30 911 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing-year weighted average price received by farmers. 3/ Includes imports. December 2015 WASDE - 548 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Nov Dec Million Acres Area Planted 109.9 103.5 103.7 103.7 Area Harvested 98.1 93.1 92.7 92.7 Metric Tons Yield per Harvested Acre 3.74 4.05 3.97 3.97 Million Metric Tons Beginning Stocks 23.5 34.3 46.9 46.9 Production 366.9 377.1 367.9 367.9 Imports 3.0 3.2 2.8 2.8 Supply, Total 393.4 414.5 417.6 417.6 Feed and Residual 133.5 139.3 140.7 140.7 Food, Seed & Industrial 171.1 171.6 173.5 174.1 Domestic, Total 304.6 310.9 314.2 314.9 Exports 54.5 56.7 54.3 53.0 Use, Total 359.1 367.6 368.5 367.8 Ending Stocks 34.3 46.9 49.1 49.8 CORN 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Novembe r Decembe r Million Acres Area Planted 95.4 90.6 88.4 88.4 Area Harvested 87.5 83.1 80.7 80.7 Bushels Yield per Harvested Acre 158.1 171.0 169.3 169.3 Million Bushels Beginning Stocks 821 1,232 1,731 1,731 Production 13,829 14,216 13,654 13,654 Imports 36 32 30 30 Supply, Total 14,686 15,479 15,415 15,415 Feed and Residual 5,040 5,315 5,300 5,300 Food, Seed & Industrial 2/ 6,493 6,568 6,555 6,580 Ethanol & by-products 3/ 5,124 5,209 5,175 5,200 Domestic, Total 11,534 11,883 11,855 11,880 Exports 1,920 1,864 1,800 1,750 Use, Total 13,454 13,748 13,655 13,630 Ending Stocks 1,232 1,731 1,760 1,785 Avg. Farm Price ($/bu) 4/ 4.46 3.70 3.35 - 3.95 3.35 - 3.95 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access th e data on the Web through the Feed Grains Database at www.ers.usda.gov/data-products/feed-grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average pr ice received by farmers. December 2015 WASDE - 548 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Nov Dec Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 8.1 7.1 8.7 8.7 Area Harvested (mil. acres) 6.6 6.4 7.6 7.6 Yield (bushels/acre) 59.6 67.6 77.7 77.7 Beginning Stocks 15 34 18 18 Production 392 433 594 594 Imports 0012 Supply, Total 408 467 613 614 Feed and Residual 93 80 130 130 Food, Seed & Industrial 70 15 100 100 Total Domestic 162 96 230 230 Exports 211 353 325 325 Use, Total 374 449 555 555 Ending Stocks 34 18 58 59 Avg. Farm Price ($/bu) 2/ 4.28 4.03 3.30 - 3.90 3.20 - 3.80 Filler Filler Filler Filler Filler BARLEY 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Novembe r Decembe r Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.5 3.0 3.6 3.6 Area Harvested (mil. acres) 3.0 2.5 3.1 3.1 Yield (bushels/acre) 71.3 72.7 68.9 68.9 Beginning Stocks 80 82 79 79 Production 217 182 214 214 Imports 19 24 18 17 Supply, Total 316 287 311 310 Feed and Residual 66 43 50 50 Food, Seed & Industrial 153 151 153 153 Total Domestic 219 194 203 203 Exports 14 14 12 10 Use, Total 234 209 215 213 Ending Stocks 82 79 96 97 Avg. Farm Price ($/bu) 2/ 6.06 5.30 4.85 - 5.55 4.90 - 5.50 Filler Filler Filler Filler Filler OATS 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Novembe r Decembe r Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.0 2.8 3.1 3.1 Area Harvested (mil. acres) 1.0 1.0 1.3 1.3 Yield (bushels/acre) 64.1 67.9 70.2 70.2 Beginning Stocks 36 25 54 54 Production 65 70 90 90 Imports 97 107 95 95 Supply, Total 198 202 238 238 Feed and Residual 98 70 100 100 Food, Seed & Industrial 73 77 77 77 Total Domestic 172 147 177 177 Exports 2222 Use, Total 173 149 179 179 Ending Stocks 25 54 59 59 Avg. Farm Price ($/bu) 2/ 3.75 3.21 2.05 - 2.35 2.05 - 2.35 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. December 2015 WASDE - 548 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Nov Dec Million Acres Area Planted 2.49 2.94 2.61 2.61 Area Harvested 2.47 2.92 2.57 2.57 Filler Pounds Yield per Harvested Acre 7,694 7,572 7,423 7,423 Million Hundredweight Beginning Stocks 2/ 36.4 31.8 48.5 48.5 Production 190.0 221.0 190.8 190.8 Imports 23.1 24.7 25.5 24.5 Supply, Total 249.5 277.5 264.8 263.8 Domestic & Residual 3/ 124.4 128.7 127.0 127.0 Exports, Total 4/ 93.3 100.3 98.0 98.0 Rough 28.0 34.0 33.0 33.0 Milled (rough equiv.) 65.3 66.3 65.0 65.0 Use, Total 217.7 229.0 225.0 225.0 Ending Stocks 31.8 48.5 39.8 38.8 Avg. Milling Yield (%) 5/ 71.00 70.50 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 16.30 13.30 13.30 - 14.30 13.10 - 14.10 Total LONG-GRAIN RICE 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Novembe r Decembe r Harvested Acres (mil.) 1.77 2.19 Yield (pounds/acre) 7,464 7,408 Beginning Stocks 21.9 16.2 26.5 26.5 Production 131.9 162.4 132.4 132.4 Supply, Total 7/ 173.3 199.7 180.8 179.8 Domestic & Residual 3/ 95.3 102.5 94.0 94.0 Exports 8/ 61.9 70.8 65.0 65.0 Use, Total 157.1 173.2 159.0 159.0 Ending Stocks 16.2 26.5 21.8 20.8 Avg. Farm Price ($/cwt) 6/ 15.40 11.90 11.50 - 12.50 11.50 - 12.50 Filler Filler Filler Filler Filler MEDIUM & SHORT-GRAIN RICE 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Novembe r Decembe r Harvested Acres (mil.) 0.70 0.73 Yield (pounds/acre) 8,270 8,068 Beginning Stocks 12.2 13.3 20.2 20.2 Production 58.1 58.7 58.4 58.4 Supply, Total 7/ 73.8 75.9 82.1 82.1 Domestic & Residual 3/ 29.1 26.2 33.0 33.0 Exports 8/ 31.4 29.5 33.0 33.0 Use, Total 60.5 55.8 66.0 66.0 Ending Stocks 13.3 20.2 16.1 16.1 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 19.20 18.20 17.60 - 18.60 17.00 - 18.00 California 10/ 20.70 21.40 21.00 - 22.00 20.50 - 21.50 Other States 1/ 15.70 14.40 12.50 - 13.50 11.80 - 12.80 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of bro ken kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2013/14-2.1; 2014/15-2.3; 2015/16-1.9. 3/ Residual include s unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and en ding stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. The 2013/14 and 2014/15 milling yield is based on the Farm Service Agency (FSA) warehouse stored loan data for long, medium, and short grain rice. The 2015/16 milling yield is calculated using the previous five-year Olympic average-- 2010/11-2014/15. 6/ Marketing-year weighted average price r eceived by farmers. 7/ Includes imports. 8/ Expor ts by type of rice are estimated. 9 / The medium/short-grain season- average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not fin al until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP fo recast and the final price has av eraged $1.65 per cwt from 2008/09 -2013/14, with a high of $3.5 0 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. December 2015 WASDE - 548 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Nov Dec Filler Filler Filler Filler Filler Million Acres Area Planted 76.8 83.3 83.2 83.2 Area Harvested 76.3 82.6 82.4 82.4 Filler Bushels Yield per Harvested Acre 44.0 47.5 48.3 48.3 Million Bushels Beginning Stocks 141 92 191 191 Production 3,358 3,927 3,981 3,981 Imports 72 33 30 30 Supply, Total 3,570 4,052 4,203 4,203 Crushings 1,734 1,873 1,890 1,890 Exports 1,638 1,843 1,715 1,715 Seed 97 97 92 92 Residual 10 48 41 41 Use, Total 3,478 3,861 3,738 3,738 Ending Stocks 92 191 465 465 Avg. Farm Price ($/bu) 2/ 13.00 10.10 8.15 - 9.65 8.15 - 9.65 Total SOYBEAN OIL 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Novembe r Decembe r Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,655 1,165 1,820 1,820 Production 4/ 20,130 21,399 21,850 21,850 Imports 165 264 175 225 Supply, Total 21,950 22,828 23,845 23,895 Domestic Disappearance 18,908 18,994 19,250 19,450 Biodiesel 3/ 5,010 5,037 5,200 5,400 Food, Feed & other Industrial 13,898 13,958 14,050 14,050 Exports 1,877 2,014 2,300 2,300 Use, Total 20,785 21,008 21,550 21,750 Ending stocks 1,165 1,820 2,295 2,145 Avg. Price (c/lb) 2/ 38.23 31.60 27.50 - 30.50 28.50 - 31.50 Total SOYBEAN MEAL 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Novembe r Decembe r Filler 1 2 3 4 Thousand Shor t Tons Beginning Stocks 275 250 260 260 Production 4/ 40,685 45,062 44,865 44,865 Imports 383 333 325 325 Supply, Total 41,343 45,645 45,450 45,450 Domestic Disappearance 29,547 32,235 33,300 33,300 Exports 11,546 13,150 11,850 11,850 Use, Total 41,093 45,384 45,150 45,150 Ending Stocks 250 260 300 300 Avg. Price ($/s.t.) 2/ 489.94 368.49 300.00 - 340.00 290.00 - 330.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by f armers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodi esel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 1,903 millio n bushels for 2014/15 and 1,890 million bushels for 2015/16. December 2015 WASDE - 548 - 16 U.S. Sugar Supply and Use 1/ 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Nov Dec Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 2,158 1,810 1,767 1,767 Production 2/ 8,462 8,649 8,810 8,991 Beet Sugar 4,794 4,893 5,075 5,158 Cane Sugar 3,667 3,755 3,735 3,833 Florida 1,763 1,975 1,940 2,073 Hawaii 168 146 165 165 Louisiana 1,591 1,512 1,500 1,465 Texas 145 123 130 130 Imports 3,742 3,553 3,398 3,192 TRQ 3/ 1,302 1,536 1,528 1,529 Other Program 4/ 305 471 315 315 Other 5/ 2,135 1,546 1,555 1,348 Mexico 2,130 1,532 1,540 1,333 Total Supply 14,361 14,012 13,975 13,949 Exports 306 185 200 200 Deliveries 12,246 12,060 11,920 12,090 Food 6/ 11,819 11,930 11,785 11,955 Other 7/ 427 131 135 135 Miscellaneous 0000 Total Use 12,552 12,245 12,120 12,290 Ending Stocks 1,810 1,767 1,855 1,659 Stocks to Use Ratio 14.4 14.4 15.3 13.5 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2014/15 and 2015/16 are based on Crop Production and processor projections where appropriate. 3/ For 2015/16, WTO raw sugar TRQ shortfall (99). For 2014/15, WTO raw sugar TRQ shortfall (69). 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ For 2013/14, other high-tier (5) and other (0). For 2014/15, other high-tier (15) and other (0). For 2015/16, other high-tier (15) and other (0). 6/Combines SMD deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar-containing products for reexport, and for nonedible alcohol, feed, and ethanol. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2014/15 Est. Nov 831 5,985 152 4,700 1,458 811 2014/15 Est. Dec 831 5,985 128 4,691 1,442 811 2015/16 Proj. Nov 811 6,056 155 4,712 1,328 982 2015/16 Proj. Dec 811 6,056 155 4,725 1,150 1,147 1/ HFCS imports by Mexico (1,000 metric tons, dry basis): Oct-Sep 2014/15 = 979; Oct-Oct 2014/15 = 82, Oct-Oct, 2015/16 = 77 . Footnote source: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes domestic consumption, Mexico's products export program (IMMEX), and any residual statistical discrepancies. IMMEX: 2014/15 (337 est), 2015/16 (337 proj). Statistical Adjustment: 2014/15 (-54), 2015/16 (0). December 2015 WASDE - 548 - 17 U.S. Cotton Supply and Use 1/ 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Nov Dec Filler Filler Filler Filler Filler Area Million Acres Planted 10.41 11.04 8.56 8.56 Harvested 7.54 9.35 8.15 8.15 Filler Pounds Yield per Harvested Acre 821 838 782 768 Million 480 Pound Bales Beginning Stocks 3.80 2.35 3.70 3.70 Production 12.91 16.32 13.28 13.03 Imports 0.01 0.01 0.01 0.01 Supply, Total 16.72 18.68 16.99 16.74 Domestic Use 3.55 3.58 3.70 3.70 Exports, Total 10.53 11.25 10.20 10.00 Use, Total 14.08 14.82 13.90 13.70 Unaccounted 2/ 0.29 0.16 -0.01 0.04 Ending Stocks 2.35 3.70 3.10 3.00 Avg. Farm Price 3/ 77.9 61.3 55.00 - 63.00 56.00 - 62.00 Total Note: Reliability calculations at end of report. 1/ Upland and ex tra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. December 2015 WASDE - 548 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 177.07 715.26 158.36 126.77 698.56 165.91 193.77 United States 19.54 58.11 4.71 6.20 34.29 32.00 16.07 Total Foreign 157.53 657.16 153.65 120.57 664.27 133.91 177.70 Major Exporters 4/ 20.80 217.92 4.58 56.90 139.71 76.17 27.42 Argentina 0 . 2 9 1 0 . 5 00 . 0 00 . 1 06 . 0 52 . 2 52 . 4 9 Australia 4.66 25.30 0.16 3.60 6.95 18.62 4.56 Canada 5.14 37.53 0.45 4.20 9.41 23.27 10.44 European Union 5/ 10.71 144.58 3.97 49.00 117.30 32.03 9.94 Major Importers 6/ 83.62 194.10 87.36 28.30 259.78 5.19 100.11 Brazil 1.00 5.30 7.07 0.60 11.40 0.08 1.89 China 53.96 121.93 6.77 16.00 116.50 0.89 65.27 Sel. Mideast 7/ 8.94 18.96 20.69 4.92 36.07 0.50 12.02 N. Africa 8/ 11.49 19.72 25.27 2.68 42.42 0.50 13.55 Pakistan 2.62 24.00 0.40 0.60 24.10 0.75 2.17 Southeast Asia 9/ 3.78 0.00 16.41 2.46 15.76 0.89 3.55 Selected Other India 24.20 93.51 0.03 4.80 93.85 6.05 17.83 FSU-12 13.92 103.87 7.41 22.65 72.84 37.15 15.22 Russia 4.95 52.09 0.80 12.50 34.10 18.57 5.18 Kazakhstan 2 . 9 4 1 3 . 9 40 . 0 12 . 0 06 . 8 08 . 1 01 . 9 9 Ukraine 2.58 22.28 0.07 3.40 11.50 9.76 3.67 2014/15 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 193.77 725.34 158.69 132.60 707.04 164.37 212.07 United States 16.07 55.15 4.07 3.25 31.53 23.25 20.50 Total Foreign 177.70 670.20 154.62 129.35 675.51 141.12 191.57 Major Exporters 4/ 27.42 222.11 6.65 62.69 146.47 81.62 28.09 Argentina 2 . 4 9 1 2 . 5 00 . 0 40 . 3 06 . 3 55 . 5 03 . 1 8 Australia 4.56 23.67 0.16 4.10 7.50 16.61 4.27 Canada 10.44 29.42 0.48 3.79 9.12 24.12 7.11 European Union 5/ 9.94 156.53 5.97 54.50 123.50 35.40 13.53 Major Importers 6/ 100.11 196.51 84.72 30.53 263.89 7.65 109.80 Brazil 1.89 6.00 5.37 0.30 10.70 1.69 0.87 China 65.27 126.21 1.93 17.00 118.50 0.80 74.11 Sel. Mideast 7/ 12.02 17.37 21.26 4.45 36.10 1.52 13.03 N. Africa 8/ 13.55 16.90 25.18 2.48 42.68 0.61 12.35 Pakistan 2.17 25.50 0.75 1.00 24.50 0.70 3.22 Southeast Asia 9/ 3.55 0.00 19.91 4.51 18.27 0.96 4.23 Selected Other India 17.83 95.85 0.05 4.50 93.13 3.40 17.20 FSU-12 15.22 112.73 7.67 24.45 75.69 40.22 19.71 Russia 5.18 59.08 0.33 13.00 35.50 22.80 6.28 Kazakhstan 1 . 9 9 1 3 . 0 00 . 6 02 . 0 06 . 8 05 . 5 43 . 2 5 Ukraine 3.67 24.75 0.03 4.00 12.00 11.27 5.18 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, Ch ina, Japan, Mexico, N. Africa, Pa kistan, selected Middle East, and S outheast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeri a, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2015 WASDE - 548 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Nov 211.69 732.98 157.85 138.62 717.37 160.41 227.30 Dec 212.07 734.93 159.20 138.29 717.14 161.66 229.86 United States Nov 20.50 55.84 3.40 4.90 33.18 21.77 24.79 Dec 20.50 55.84 3.40 4.90 33.18 21.77 24.79 Total Foreign Nov 191.19 677.14 154.45 133.72 684.20 138.64 202.51 Dec 191.57 679.09 155.80 133.40 683.97 139.89 205.07 Major Exporters 4/ Nov 27.87 219.77 6.67 65.90 149.33 76.50 28.49 Dec 28.09 221.76 6.67 64.90 148.33 77.00 31.19 Argentina Nov 3.18 10.50 0.03 0.10 6.15 5.00 2.56 Dec 3.18 10.50 0.03 0.10 6.15 6.00 1.56 Australia Nov 4.27 26.00 0.15 4.00 7.43 18.00 5.00 Dec 4.27 26.00 0.15 4.00 7.43 18.00 5.00 Canada Nov 7.11 26.00 0.49 3.80 9.00 20.00 4.59 Dec 7.11 27.60 0.49 3.80 9.00 20.50 5.69 European Union 5/ Nov 13.32 157.27 6.00 58.00 126.75 33.50 16.34 Dec 13.53 157.66 6.00 57.00 125.75 32.50 18.95 Major Importers 6/ Nov 109.75 203.56 84.82 30.02 267.63 6.91 123.59 Dec 109.80 203.56 85.47 30.62 268.27 6.91 123.65 Brazil Nov 0.87 6.00 6.30 0.60 10.60 1.50 1.07 Dec 0.87 6.00 6.30 0.60 10.60 1.50 1.07 China Nov 74.07 130.00 2.00 15.00 118.00 1.00 87.07 Dec 74.11 130.00 2.00 15.00 118.00 1.00 87.11 Sel. Mideast 7/ Nov 13.02 17.86 20.60 4.85 37.46 0.83 13.18 Dec 13.03 17.86 20.65 4.85 37.49 0.83 13.21 N. Africa 8/ Nov 12.35 20.00 25.60 2.68 44.33 0.65 12.97 Dec 12.35 20.00 25.60 2.68 44.33 0.65 12.97 Pakistan Nov 3.22 25.00 0.10 1.00 24.60 0.60 3.12 Dec 3.22 25.00 0.10 1.00 24.60 0.60 3.12 Southeast Asia 9/ Nov 4.23 0.00 20.03 4.99 19.25 0.96 4.04 Dec 4.23 0.00 20.63 5.59 19.85 0.96 4.04 Selected Other India Nov 17.20 88.94 0.50 4.80 93.94 0.80 11.90 Dec 17.20 88.94 0.50 4.80 93.94 0.80 11.90 FSU-12 Nov 19.46 117.03 7.14 25.43 77.53 45.46 20.65 Dec 19.71 117.03 7.34 25.33 77.63 46.16 20.30 Russia Nov 6.28 60.50 0.35 13.50 36.50 23.50 7.13 Dec 6.28 60.50 0.35 13.50 36.50 23.50 7.13 Kazakhstan Nov 3.25 14.00 0.08 2.10 6.90 6.50 3.92 Dec 3.25 14.00 0.08 2.10 6.90 6.50 3.92 Ukraine Nov 5.18 27.00 0.05 4.50 12.50 15.00 4.73 Dec 5.18 27.00 0.05 4.50 12.50 15.50 4.23 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, Ch ina, Japan, Mexico, N. Africa, Pa kistan, selected Middle East, and S outheast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeri a, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2015 WASDE - 548 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 163.70 1,281.02 156.21 733.15 1,233.88 164.46 210.84 United States 23.53 367.09 3.23 133.69 305.05 54.49 34.31 Total Foreign 140.17 913.93 152.98 599.46 928.83 109.98 176.53 Major Exporters 4/ 16.75 174.69 1.81 81.24 111.25 56.45 25.54 Argentina 2.47 35.67 0.00 8.84 13.70 21.27 3.17 Australia 0.85 12.16 0.00 3.36 5.04 6.92 1.05 Brazil 9.56 82.60 1.11 48.28 58.03 20.98 14.26 Canada 3.02 28.75 0.54 15.14 22.37 5.29 4.65 Major Importers 5/ 33.52 249.69 113.02 259.12 341.58 10.98 43.67 European Union 6/ 13.08 158.92 16.27 122.36 164.11 8.63 15.53 Japan 0.98 0.19 17.50 12.88 17.64 0.00 1.03 Mexico 1.63 32.02 11.32 23.62 40.89 0.50 3.58 N. Afr & Mideast 7/ 9.93 31.09 30.66 50.38 57.94 0.30 13.44 Saudi Arabia 3.39 0.36 11.69 11.13 11.55 0.00 3.89 Southeast Asia 8/ 2.83 26.84 10.73 26.86 34.96 1.54 3.90 South Korea 1.29 0.20 10.50 7.80 10.11 0.00 1.88 Selected Other China 68.38 225.07 12.45 157.78 223.60 0.03 82.26 FSU-12 5.04 87.65 0.80 39.97 55.63 30.85 6.99 Russia 1.38 35.74 0.26 18.90 28.62 6.95 1.80 Ukraine 2.33 39.92 0.08 12.22 15.93 22.77 3.64 2014/15 Est. Beginning Stocks Productio n ImportsDomestic FeedDomesti c Total 2 / ExportsEnding Stocks World 3/ 210.84 1,296.97 167.47 748.07 1,264.55 181.11 243.26 United States 34.31 377.23 3.42 139.47 311.34 56.67 46.95 Total Foreign 176.53 919.73 164.05 608.60 953.20 124.44 196.31 Major Exporters 4/ 25.54 166.06 3.71 81.59 111.88 63.47 19.96 Argentina 3.17 33.53 0.01 9.17 14.33 19.61 2.77 Australia 1.05 11.65 0.00 2.79 4.46 7.41 0.83 Brazil 14.26 87.60 1.05 50.20 59.98 32.04 10.89 Canada 4.65 21.99 1.71 13.85 21.32 3.69 3.34 Major Importers 5/ 43.67 257.47 108.21 262.16 345.25 15.94 48.16 European Union 6/ 15.53 170.64 9.08 121.48 163.27 14.00 17.99 Japan 1.03 0.17 16.73 12.32 16.98 0.00 0.95 Mexico 3.58 32.39 11.55 24.40 41.93 0.79 4.81 N. Afr & Mideast 7/ 13.44 26.89 34.05 51.66 59.62 0.10 14.66 Saudi Arabia 3.89 0.36 11.25 11.15 11.63 0.00 3.87 Southeast Asia 8/ 3.90 26.68 11.37 29.29 37.29 1.05 3.61 South Korea 1.88 0.21 10.26 8.04 10.42 0.00 1.94 Selected Other China 82.26 222.15 25.70 158.50 228.55 0.04 101.52 FSU-12 6.99 91.73 0.84 41.81 57.84 33.99 7.73 Russia 1.80 40.39 0.16 20.88 31.14 8.66 2.54 Ukraine 3.64 39.35 0.06 11.58 15.19 24.47 3.38 1/ Aggregate of local marketing years. Co arse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing year s, grain in transit, and reportin g discrepancies in some countr ies. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Malays ia, Philippines, Th ailand, and Vietnam. December 2015 WASDE - 548 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Nov 243.14 1,269.56 159.75 759.90 1,265.53 160.63 247.16 Dec 243.26 1,268.56 159.83 760.38 1,264.89 158.57 246.94 United States Nov 46.95 368.16 3.03 140.95 314.69 54.27 49.17 Dec 46.95 368.16 3.03 140.95 315.32 52.96 49.85 Total Foreign Nov 196.18 901.41 156.73 618.95 950.84 106.36 197.99 Dec 196.31 900.41 156.80 619.44 949.57 105.61 197.08 Major Exporters 4/ Nov 20.75 167.96 2.70 84.88 115.47 56.97 18.96 Dec 19.96 168.50 2.32 85.07 115.79 56.77 18.22 Argentina Nov 2.87 34.06 0.01 9.62 14.98 19.61 2.35 Dec 2.77 33.46 0.01 9.62 14.98 19.11 2.15 Australia Nov 0.83 12.78 0.00 3.44 5.12 7.33 1.16 Dec 0.83 12.68 0.00 3.44 5.12 7.43 0.97 Brazil Nov 11.82 84.08 1.00 52.09 61.84 25.02 10.04 Dec 10.89 84.08 1.00 52.09 61.87 25.02 9.09 Canada Nov 3.23 23.67 1.61 14.11 21.51 3.70 3.29 Dec 3.34 25.66 1.06 14.30 21.80 4.20 4.06 Major Importers 5/ Nov 47.90 243.83 110.76 265.37 348.48 11.22 42.79 Dec 48.16 243.81 110.66 266.17 349.28 11.20 42.15 European Union 6/ Nov 17.84 150.46 16.41 118.53 160.42 9.81 14.47 Dec 17.99 150.43 16.41 119.55 161.45 9.79 13.60 Japan Nov 0.95 0.17 16.98 12.47 17.13 0.00 0.97 Dec 0.95 0.17 16.98 12.47 17.13 0.00 0.97 Mexico Nov 4.72 31.33 11.23 25.22 42.79 0.50 3.98 Dec 4.81 31.33 11.23 25.22 42.79 0.50 4.07 N. Afr & Mideast 7/ Nov 14.56 33.08 28.92 54.58 62.59 0.27 13.70 Dec 14.66 33.08 29.12 54.65 62.66 0.27 13.94 Saudi Arabia Nov 3.87 0.25 12.03 11.75 12.15 0.00 3.99 Dec 3.87 0.25 12.03 11.75 12.15 0.00 3.99 Southeast Asia 8/ Nov 3.62 28.21 10.72 30.56 38.57 0.64 3.34 Dec 3.61 28.21 10.62 30.46 38.47 0.64 3.33 South Korea Nov 1.94 0.20 10.09 8.04 10.32 0.00 1.92 Dec 1.94 0.20 10.09 8.04 10.32 0.00 1.92 Selected Other China Nov 101.54 231.50 17.25 162.43 234.78 0.08 115.44 Dec 101.52 231.50 17.25 162.43 234.78 0.08 115.42 FSU-12 Nov 7.73 83.23 0.82 41.08 57.31 28.18 6.28 Dec 7.73 83.23 0.82 41.08 57.31 28.18 6.28 Russia Nov 2.54 39.00 0.16 21.15 31.60 7.81 2.29 Dec 2.54 39.00 0.16 21.15 31.60 7.81 2.29 Ukraine Nov 3.38 32.83 0.06 10.35 13.91 19.68 2.68 Dec 3.38 32.83 0.06 10.35 13.91 19.68 2.68 1/ Aggregate of local marketing years. Co arse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing year s, grain in transit, and reportin g discrepancies in some countr ies. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Malays ia, Philippines, Th ailand, and Vietnam. December 2015 WASDE - 548 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 132.90 991.44 123.97 570.34 949.43 131.10 174.91 United States 20.86 351.27 0.91 128.02 292.97 48.78 31.29 Total Foreign 112.04 640.17 123.06 442.32 656.46 82.32 143.62 Major Exporters 4/ 11.12 120.93 0.86 57.30 75.30 40.03 17.58 Argentina 1.31 26.00 0.00 5.80 8.80 17.10 1.41 Brazil 9.15 80.00 0.79 46.00 55.00 20.97 13.97 South Africa 0.66 14.93 0.07 5.50 11.50 1.96 2.20 Major Importers 5/ 12.27 120.25 76.07 133.46 185.52 4.44 18.63 Egypt 1.08 5.80 8.73 11.00 13.20 0.00 2.40 European Union 6/ 5.15 64.64 15.95 58.00 76.50 2.41 6.83 Japan 0.52 0.00 15.12 10.70 15.10 0.00 0.55 Mexico 1.06 22.88 10.95 15.20 31.70 0.50 2.69 Southeast Asia 7/ 2.82 26.78 10.72 26.80 34.90 1.53 3.89 South Korea 1.27 0.08 10.41 7.76 9.89 0.00 1.86 Selected Other 0.00 Canada 1.55 14.19 0.51 7.52 12.70 1.95 1.60 China 67.57 218.49 3.28 150.00 208.00 0.02 81.32 FSU-12 2.00 46.92 0.46 18.37 21.14 24.81 3.44 Ukraine 1.19 30.90 0.07 8.30 9.70 20.00 2.45 2014/15 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 174.91 1,008.82 122.62 582.44 975.55 136.84 208.19 United States 31.29 361.09 0.80 135.02 301.85 47.36 43.98 Total Foreign 143.62 647.73 121.82 447.43 673.69 89.49 164.22 Major Exporters 4/ 17.58 122.30 1.41 59.60 77.60 49.70 13.98 Argentina 1.41 26.50 0.01 6.10 9.40 17.00 1.51 Brazil 13.97 85.00 0.60 48.00 57.00 32.00 10.57 South Africa 2.20 10.80 0.80 5.50 11.20 0.70 1.90 Major Importers 5/ 18.63 134.05 67.84 140.10 192.48 5.87 22.18 Egypt 2.40 5.96 7.83 11.50 13.90 0.01 2.27 European Union 6/ 6.83 75.79 8.76 59.50 78.00 4.03 9.35 Japan 0.55 0.00 14.66 10.40 14.70 0.00 0.50 Mexico 2.69 25.48 11.27 17.70 34.45 0.78 4.21 Southeast Asia 7/ 3.89 26.63 11.33 29.20 37.20 1.05 3.60 South Korea 1.86 0.08 10.18 8.00 10.20 0.00 1.92 Selected Other 0.00 Canada 1.60 11.49 1.56 7.45 12.85 0.40 1.40 China 81.32 215.65 5.52 140.00 202.00 0.01 100.46 FSU-12 3.44 43.73 0.47 18.67 21.39 23.30 2.95 Ukraine 2.45 28.45 0.05 8.00 9.40 19.80 1.75 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Braz il, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade ex cludes intra-trade. 7/ Indo nesia, Malaysia, Philippines, Thailand, and Vietnam. December 2015 WASDE - 548 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Nov 208.21 974.87 123.51 596.17 971.16 119.26 211.91 Dec 208.19 973.87 123.34 596.12 970.20 117.69 211.85 United States Nov 43.98 346.82 0.76 134.63 301.13 45.72 44.70 Dec 43.98 346.82 0.76 134.63 301.77 44.45 45.34 Total Foreign Nov 164.23 628.05 122.75 461.55 670.03 73.54 167.21 Dec 164.22 627.05 122.58 461.49 668.44 73.24 166.52 Major Exporters 4/ Nov 14.88 119.85 0.63 62.00 80.40 42.30 12.66 Dec 13.98 119.10 0.81 62.00 80.40 42.00 11.49 Argentina Nov 1.51 25.60 0.01 6.50 10.00 16.00 1.12 Dec 1.51 25.60 0.01 6.50 10.00 16.00 1.12 Brazil Nov 11.57 81.50 0.60 50.00 59.00 25.00 9.67 Dec 10.57 81.50 0.60 50.00 59.00 25.00 8.67 South Africa Nov 1.80 12.75 0.03 5.50 11.40 1.30 1.87 Dec 1.90 12.00 0.20 5.50 11.40 1.00 1.70 Major Importers 5/ Nov 22.10 115.62 74.20 139.70 192.03 2.15 17.75 Dec 22.18 115.62 73.90 139.90 192.23 2.15 17.33 Egypt Nov 2.25 6.00 8.00 12.10 14.50 0.01 1.74 Dec 2.27 6.00 8.00 12.10 14.50 0.01 1.76 European Union 6/ Nov 9.23 57.75 16.00 57.00 75.50 1.00 6.48 Dec 9.35 57.75 16.00 57.50 76.00 1.00 6.10 Japan Nov 0.50 0.00 14.70 10.40 14.70 0.00 0.50 Dec 0.50 0.00 14.70 10.40 14.70 0.00 0.50 Mexico Nov 4.19 23.50 10.50 17.50 34.30 0.50 3.39 Dec 4.21 23.50 10.50 17.50 34.30 0.50 3.41 Southeast Asia 7/ Nov 3.61 28.16 10.70 30.50 38.50 0.64 3.33 Dec 3.60 28.16 10.60 30.40 38.40 0.64 3.33 South Korea Nov 1.92 0.08 10.00 8.00 10.10 0.00 1.90 Dec 1.92 0.08 10.00 8.00 10.10 0.00 1.90 Selected Other Canada Nov 1.29 12.30 1.50 8.00 13.35 0.50 1.24 Dec 1.40 13.60 1.00 8.00 13.35 1.00 1.65 China Nov 100.49 225.00 3.00 150.00 214.00 0.05 114.44 Dec 100.46 225.00 3.00 150.00 214.00 0.05 114.41 FSU-12 Nov 2.95 39.91 0.49 18.74 21.61 19.13 2.61 Dec 2.95 39.91 0.49 18.74 21.61 19.13 2.61 Ukraine Nov 1.75 23.00 0.05 7.00 8.40 15.00 1.40 Dec 1.75 23.00 0.05 7.00 8.40 15.00 1.40 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Tr ade excludes intra-trade. 7/ Indonesi a, Malaysia, Philippines, Thailand, and Vietnam. December 2015 WASDE - 548 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2013/14 Beginning StocksProductio n Imports Total /2 DomesticExports Ending Stocks World 3/ 110.71 478.44 38.36 481.59 41.74 107.56 United States 1.16 6.12 0.73 3.98 3.01 1.03 Total Foreign 109.56 472.32 37.63 477.62 38.74 106.53 Major Exporters 4/ 39.61 161.97 0.63 134.66 30.64 36.91 India 25.44 106.65 0.00 99.18 10.15 22.76 Pakistan 0.50 6.70 0.03 2.60 3.20 1.43 Thailand 12.81 20.46 0.30 10.88 10.97 11.72 Vietnam 0.86 28.16 0.30 22.00 6.33 1.00 Major Importers 5/ 12.51 64.32 12.42 76.99 1.10 11.15 Brazil 0.53 8.30 0.53 7.90 0.82 0.64 European Union 6/ 1.19 1.94 1.53 3.25 0.24 1.16 Indonesia 6.48 36.30 1.23 38.50 0.00 5.50 Nigeria 0.89 2.77 2.80 5.80 0.00 0.66 Philippines 1.49 11.86 1.20 12.85 0.00 1.70 Sel. Mideast 7/ 1.50 1.95 3.96 6.12 0.00 1.29 Selected Other 0.00 Burma 0.55 11.96 0.00 10.45 1.69 0.37 C. Amer & Carib 8/ 0.47 1.77 1.41 3.17 0.01 0.47 China 46.83 142.53 4.02 146.30 0.26 46.81 Egypt 0.43 4.75 0.03 4.00 0.60 0.60 Japan 2.86 7.94 0.66 8.29 0.06 3.11 Mexico 0.19 0.13 0.69 0.86 0.00 0.15 South Korea 0.78 4.23 0.31 4.42 0.00 0.90 2014/15 Est. Beginning Stocks Productio n ImportsTotal / 2 Domesti c ExportsEndin g Stock s World 3/ 107.56 478.19 40.66 482.00 42.93 103.74 United States 1.03 7.07 0.78 4.12 3.21 1.55 Total Foreign 106.53 471.12 39.88 477.89 39.73 102.19 Major Exporters 4/ 36.91 158.52 0.73 134.50 31.17 30.49 India 22.76 104.80 0.00 98.00 11.87 17.69 Pakistan 1.43 6.90 0.03 2.80 4.00 1.56 Thailand 11.72 18.75 0.30 11.70 9.00 10.07 Vietnam 1.00 28.07 0.40 22.00 6.30 1.17 Major Importers 5/ 11.15 64.18 14.46 77.52 1.30 10.97 Brazil 0.64 8.47 0.45 7.90 1.00 0.65 European Union 6/ 1.16 1.88 1.71 3.27 0.27 1.22 Indonesia 5.50 35.76 1.40 38.50 0.00 4.16 Nigeria 0.66 2.84 3.50 5.80 0.00 1.19 Philippines 1.70 11.92 1.80 13.20 0.00 2.21 Sel. Mideast 7/ 1.29 1.98 3.96 6.17 0.00 1.06 Selected Other 0.00 Burma 0.37 12.60 0.00 10.55 2.00 0.42 C. Amer & Carib 8/ 0.47 1.77 1.63 3.37 0.01 0.48 China 46.81 144.56 4.32 147.60 0.43 47.66 Egypt 0.60 4.53 0.03 4.00 0.25 0.92 Japan 3.11 7.84 0.65 8.31 0.08 3.21 Mexico 0.15 0.18 0.70 0.87 0.00 0.15 South Korea 0.90 4.24 0.45 4.45 0.00 1.14 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to re flect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ Worl d imports and exports may not ba lance due to differences in so me countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Braz il, Indonesia, Hong K ong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Ir aq, and Saudi Arabia. 8/ Centra l American and Caribbean countri es. December 2015 WASDE - 548 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ Nov 103.74 473.50 39.26 486.22 41.33 91.02 Dec 103.74 469.32 39.31 484.64 41.34 88.42 United States Nov 1.55 6.06 0.81 4.04 3.11 1.26 Dec 1.55 6.06 0.78 4.04 3.11 1.23 Total Foreign Nov 102.18 467.44 38.45 482.18 38.22 89.75 Dec 102.19 463.26 38.53 480.60 38.23 87.19 Major Exporters 4/ Nov 30.47 155.00 0.72 135.95 30.00 20.24 Dec 30.49 151.50 0.72 134.60 30.10 18.01 India Nov 17.66 103.50 0.00 99.00 9.00 13.16 Dec 17.69 100.00 0.00 98.00 8.50 11.19 Pakistan Nov 1.56 6.90 0.02 2.85 4.50 1.13 Dec 1.56 6.90 0.02 2.80 4.50 1.18 Thailand Nov 10.07 16.40 0.30 12.00 9.50 5.27 Dec 10.07 16.40 0.30 11.80 10.00 4.97 Vietnam Nov 1.17 28.20 0.40 22.10 7.00 0.67 Dec 1.17 28.20 0.40 22.00 7.10 0.67 Major Importers 5/ Nov 10.89 63.73 14.01 77.96 1.21 9.46 Dec 10.97 63.48 13.71 77.81 1.21 9.15 Brazil Nov 0.67 8.00 0.70 7.90 0.90 0.57 Dec 0.65 8.00 0.70 7.90 0.90 0.55 European Union 6/ Nov 1.22 1.93 1.50 3.28 0.26 1.11 Dec 1.22 1.93 1.50 3.28 0.26 1.11 Indonesia Nov 4.16 36.30 1.60 38.65 0.00 3.41 Dec 4.16 36.30 1.60 38.65 0.00 3.41 Nigeria Nov 1.09 2.71 3.00 6.00 0.00 0.80 Dec 1.19 2.71 2.50 5.85 0.00 0.55 Philippines Nov 2.21 11.50 1.70 13.25 0.00 2.16 Dec 2.21 11.25 1.90 13.25 0.00 2.11 Sel. Mideast 7/ Nov 1.06 1.89 4.35 6.22 0.00 1.09 Dec 1.06 1.89 4.35 6.22 0.00 1.09 Selected Other Burma Nov 0.42 12.20 0.00 10.50 1.80 0.32 Dec 0.42 12.20 0.00 10.50 1.80 0.32 C. Amer & Carib 8/ Nov 0.48 1.68 1.61 3.30 0.01 0.46 Dec 0.48 1.68 1.61 3.30 0.01 0.46 China Nov 47.70 145.50 4.70 150.00 0.40 47.50 Dec 47.66 145.50 4.70 150.00 0.40 47.46 Egypt Nov 0.91 4.00 0.03 4.00 0.40 0.53 Dec 0.92 4.00 0.03 4.00 0.40 0.54 Japan Nov 3.21 7.90 0.70 8.38 0.08 3.36 Dec 3.21 7.90 0.70 8.38 0.08 3.36 Mexico Nov 0.15 0.14 0.70 0.87 0.00 0.11 Dec 0.15 0.14 0.70 0.87 0.00 0.11 South Korea Nov 1.16 4.26 0.41 4.36 0.00 1.46 Dec 1.14 4.33 0.47 4.36 0.00 1.58 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use a nd unreported disappearance. 3/ World impor ts and exports may not balance due to di fferences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indones ia, Hong Kong, Cote d'Ivoire, Nigeria, Phil ippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Ara bia. 8/ Central American and Caribbean countries. December 2015 WASDE - 548 - 26 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2013/14 Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World 91.74 120.41 41.28 109.95 40.81 -0.38 103.05 United States 3.80 12.91 0.01 3.55 10.53 0.29 2.35 Total Foreign 87.94 107.50 41.27 106.40 30.28 -0.68 100.70 Major Exporters 4/ 27.37 57.03 1.36 32.00 26.58 -0.83 28.01 Central Asia 5/ 4.21 6.60 3 / 2.35 5.05 0.00 3.41 Afr. Fr. Zone 6/ 1.30 4.37 3 / 0.15 4.13 0.00 1.39 S. Hemis 7/ 9.73 14.04 0.29 5.26 7.74 -0.34 11.40 Australia 2.40 4.10 3 / 0.04 4.85 -0.20 1.81 Brazil 5.80 8.00 0.15 4.20 2.23 -0.15 7.67 India 11.80 31.00 0.68 23.25 9.26 -0.50 11.46 Major Importers 8/ 58.77 47.23 37.58 69.98 2.64 0.15 70.82 Mexico 0.65 0.93 1.04 1.85 0.16 0.03 0.58 China 50.36 32.75 14.12 34.50 0.03 0.00 62.71 European Union 9/ 0.55 1.60 0.87 0.85 1.60 0.03 0.53 Turkey 1.32 2.30 4.25 6.30 0.20 0.00 1.36 Pakistan 2.71 9.50 1.20 10.40 0.51 0.03 2.48 Indonesia 0.54 0.03 2.99 3.05 0.01 0.00 0.50 Thailand 0.24 3 / 1.55 1.55 0.00 0.03 0.22 Bangladesh 1.17 0.12 5.30 5.30 0.00 0.01 1.27 Vietnam 0.49 0.01 3.20 3.20 0.00 0.00 0.50 2014/15 Est. Beginning Stocks Productio n ImportsDomestic Use ExportsLoss /2 Ending Stocks World 103.05 119.11 35.71 110.38 35.39 0.09 112.01 United States 2.35 16.32 0.01 3.58 11.25 0.16 3.70 Total Foreign 100.70 102.79 35.70 106.80 24.14 -0.07 108.31 Major Exporters 4/ 28.01 52.65 1.73 32.60 20.65 -0.23 29.37 Central Asia 5/ 3.41 6.20 3 / 2.46 4.69 0.00 2.45 Afr. Fr. Zone 6/ 1.39 5.12 3 / 0.14 4.33 0.00 2.03 S. Hemis 7/ 11.40 11.02 0.17 4.65 7.05 -0.24 11.12 Australia 1.81 2.30 3 / 0.04 2.39 -0.10 1.78 Brazil 7.67 7.00 0.02 3.60 3.91 -0.15 7.33 India 11.46 29.50 1.23 24.50 4.20 0.00 13.49 Major Importers 8/ 70.82 46.94 31.82 69.83 2.57 0.15 77.02 Mexico 0.58 1.37 0.83 1.85 0.17 0.03 0.74 China 62.71 30.00 8.28 33.00 0.07 0.00 67.92 European Union 9/ 0.53 1.64 0.86 0.87 1.62 0.03 0.50 Turkey 1.36 3.20 3.68 6.40 0.24 0.00 1.60 Pakistan 2.48 10.60 0.84 10.60 0.45 0.03 2.84 Indonesia 0.50 0.01 3.35 3.25 0.01 0.00 0.60 Thailand 0.22 3 / 1.47 1.45 0.00 0.03 0.21 Bangladesh 1.27 0.12 5.40 5.50 0.00 0.01 1.28 Vietnam 0.50 3 / 4.30 4.10 0.00 0.00 0.70 1/ Marketing year beginning August 1. Tota ls may not add exactly and trade may not ba lance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing ch annel; for Australia, Brazil, China, and the United States, refl ects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, an d Uzbekistan. 6/ Benin, Burkino Faso, Came roon, Central African Republic, Chad, Cote d' Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Pa raguay, South Africa, Tanzania, and Zimbabwe . 8/ In addition to the countries and regi ons listed, includes Hong Kong, Japan, Russia, South Kore a, and Taiwan. 9/ Includes intra-EU trade. December 2015 WASDE - 548 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2015/16 Proj. Beginning StocksProduction Imports Domestic UseExports Loss /2Ending Stocks World Nov 111.94 105.63 34.35 111.59 34.35 -0.11 106.09 Dec 112.01 103.71 35.35 111.39 35.35 -0.06 104.39 United States Nov 3.70 13.28 0.01 3.70 10.20 -0.01 3.10 Dec 3.70 13.03 0.01 3.70 10.00 0.04 3.00 Total Foreign Nov 108.24 92.35 34.34 107.89 24.15 -0.11 102.99 Dec 108.31 90.68 35.34 107.69 25.35 -0.11 101.39 filler filler filler filler filler filler filler Major Exporters 4/ Nov 29.22 50.01 1.65 33.37 20.81 -0.23 26.93 Dec 29.37 50.24 1.65 33.17 22.07 -0.23 26.24 Central Asia 5/ Nov 2.45 5.92 3 / 2.51 3.95 0.00 1.91 Dec 2.45 5.75 3 / 2.51 3.90 0.00 1.79 Afr. Fr. Zone 6/ Nov 1.95 4.81 3 / 0.14 4.90 0.00 1.72 Dec 2.03 4.91 3 / 0.14 5.04 0.00 1.75 S. Hemis 7/ Nov 11.14 10.17 0.20 4.41 7.26 -0.24 10.07 Dec 11.12 10.47 0.20 4.41 7.54 -0.24 10.07 Australia Nov 1.78 2.10 3 / 0.04 2.50 -0.10 1.44 Dec 1.78 2.40 3 / 0.04 2.60 -0.10 1.64 Brazil Nov 7.33 6.50 0.05 3.35 4.00 -0.15 6.68 Dec 7.33 6.50 0.05 3.35 4.20 -0.15 6.48 India Nov 13.39 28.50 1.00 25.50 4.40 0.00 12.99 Dec 13.49 28.50 1.00 25.30 5.30 0.00 12.39 filler filler filler filler filler filler filler Major Importers 8/ Nov 77.18 39.20 30.42 70.07 2.38 0.12 74.24 Dec 77.02 37.24 31.42 70.07 2.23 0.12 73.26 Mexico Nov 0.74 0.95 0.98 1.90 0.15 0.03 0.59 Dec 0.74 0.95 0.98 1.90 0.15 0.03 0.59 China Nov 67.92 25.00 5.75 33.00 0.20 0.00 65.47 Dec 67.92 24.30 5.50 32.50 0.20 0.00 65.02 European Union 9/ Nov 0.50 1.30 0.86 0.88 1.32 0.03 0.44 Dec 0.50 1.20 0.86 0.88 1.22 0.03 0.44 Turkey Nov 1.60 2.80 3.80 6.40 0.25 0.00 1.55 Dec 1.60 2.65 3.80 6.40 0.25 0.00 1.40 Pakistan Nov 2.84 9.00 1.30 10.25 0.45 0.03 2.41 Dec 2.84 8.00 2.00 10.10 0.40 0.03 2.31 Indonesia Nov 0.61 0.02 3.10 3.15 0.01 0.00 0.57 Dec 0.60 0.01 3.10 3.15 0.01 0.00 0.55 Thailand Nov 0.21 3 / 1.45 1.40 0.00 0.03 0.24 Dec 0.21 3 / 1.45 1.40 0.00 0.03 0.24 Bangladesh Nov 1.28 0.13 5.55 5.65 0.00 0.01 1.30 Dec 1.28 0.13 5.75 5.85 0.00 0.01 1.30 Vietnam Nov 0.85 3 / 4.85 4.65 0.00 0.00 1.06 Dec 0.70 3 / 5.20 5.10 0.00 0.00 0.80 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destro yed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan , Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions lis ted, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. December 2015 WASDE - 548 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Domestic CrushDomestic TotalExports Ending Stocks World 2/ 56.21 283.12 111.73 241.27 275.72 112.77 62.57 United States 3.83 91.39 1.95 47.19 50.09 44.57 2.50 Total Foreign 52.39 191.73 109.78 194.08 225.62 68.20 60.07 Major Exporters 3/ 36.45 151.69 0.63 76.47 84.03 62.67 42.08 Argentina 20.96 53.50 0.00 36.17 40.57 7.84 26.05 Brazil 15.33 86.70 0.61 36.86 39.86 46.83 15.95 Paraguay 0.13 8.19 0.01 3.35 3.45 4.80 0.07 Major Importers 4/ 13.33 14.73 96.52 91.39 108.77 0.34 15.46 China 12.38 12.20 70.36 68.85 80.60 0.22 14.13 European Union 0.30 1.21 13.29 13.44 14.22 0.06 0.53 Japan 0.18 0.20 2.89 1.97 3.05 0.00 0.23 Mexico 0.10 0.24 3.84 4.03 4.07 0.00 0.12 2014/15 Est. Beginnin g Stock s Productio n Import sDomesti c Crus hDomesti c Total Export s Endin g Stock s World 2/ 62.57 319.00 121.90 262.38 299.86 125.96 77.66 United States 2.50 106.88 0.90 50.98 54.91 50.17 5.21 Total Foreign 60.07 212.12 121.00 211.41 244.95 75.79 72.45 Major Exporters 3/ 42.08 168.81 0.33 84.01 92.22 68.41 50.59 Argentina 26.05 61.40 0.00 40.23 45.22 10.57 31.66 Brazil 15.95 96.20 0.31 39.93 42.98 50.61 18.86 Paraguay 0.07 8.10 0.01 3.65 3.75 4.38 0.06 Major Importers 4/ 15.46 15.60 105.01 98.53 116.58 0.29 19.20 China 14.13 12.35 78.35 74.50 86.70 0.14 17.98 European Union 0.53 1.81 13.16 14.10 14.94 0.12 0.45 Japan 0.23 0.23 3.00 2.15 3.24 0.00 0.22 Mexico 0.12 0.36 3.82 4.18 4.21 0.00 0.08 2015/16 Proj. Beginnin g Stock s Productio n Import s Domesti c Crus hDomesti c TotalExport s Endin g Stock s World 2/ Nov 77.58 321.02 125.67 273.36 312.33 129.08 82.86 Dec 77.66 320.11 126.76 273.73 312.32 129.62 82.58 United States Nov 5.21 108.35 0.82 51.44 55.06 46.68 12.65 Dec 5.21 108.35 0.82 51.44 55.06 46.68 12.65 Total Foreign Nov 72.37 212.66 124.85 221.93 257.27 82.40 70.21 Dec 72.45 211.75 125.94 222.29 257.26 82.95 69.93 Major Exporters 3/ Nov 49.56 168.91 0.32 86.30 94.63 75.20 48.97 Dec 50.59 168.91 0.32 86.30 94.63 75.70 49.49 Argentina Nov 31.10 57.00 0.00 42.00 47.05 10.75 30.30 Dec 31.66 57.00 0.00 42.00 47.05 11.25 30.36 Brazil Nov 18.39 100.00 0.30 40.00 43.10 57.00 18.59 Dec 18.86 100.00 0.30 40.00 43.10 57.00 19.06 Paraguay Nov 0.06 8.80 0.01 4.10 4.20 4.60 0.06 Dec 0.06 8.80 0.01 4.10 4.20 4.60 0.06 Major Importers 4/ Nov 19.73 14.96 108.10 105.19 124.19 0.33 18.26 Dec 19.20 14.98 108.15 105.24 124.24 0.33 17.75 China Nov 17.98 11.50 80.50 80.25 93.20 0.20 16.58 Dec 17.98 11.50 80.50 80.25 93.20 0.20 16.58 European Union Nov 0.83 2.05 13.70 14.80 15.67 0.10 0.81 Dec 0.45 2.05 13.70 14.80 15.67 0.10 0.43 Japan Nov 0.21 0.22 2.90 2.02 3.10 0.00 0.23 Dec 0.22 0.22 2.90 2.02 3.10 0.00 0.24 Mexico Nov 0.18 0.36 4.05 4.35 4.39 0.00 0.20 Dec 0.08 0.36 4.05 4.35 4.39 0.00 0.10 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October-September year. 2/ World i mports and exports may not balance due to differences in local marke ting years and to time lags betw een reported exports and imports. Therefore, world supply may not equal world us e. 3/ Argentina, Br azil, Paraguay, and Uruguay. 4/ China, European Union, Japan , Mexico, and Southeast Asia (inc ludes Indonesia, Malaysia, Philip pines, Vietnam, and Thailand). December 2015 WASDE - 548 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 9.46 189.51 57.93 186.20 60.16 10.54 United States 0.25 36.91 0.35 26.81 10.47 0.23 Total Foreign 9.21 152.60 57.58 159.40 49.68 10.31 Major Exporters 3/ 6.64 63.07 0.03 20.69 41.66 7.39 Argentina 3.25 27.89 0.00 2.10 24.97 4.07 Brazil 3.10 28.54 0.03 14.65 13.95 3.07 India 0.29 6.64 0.01 3.94 2.74 0.25 Major Importers 4/ 1.08 14.55 33.84 47.60 0.36 1.52 European Union 0.20 10.61 18.14 28.39 0.30 0.26 Southeast Asia 5/ 0.79 2.44 13.72 15.83 0.06 1.07 2014/15 Est. Beginnin g Stock s Productio n Import sDomesti c Total Expo r ts Endin g Stock s World 2/ 10.54 207.20 60.14 202.05 63.64 12.18 United States 0.23 40.88 0.30 29.24 11.93 0.24 Total Foreign 10.31 166.32 59.84 172.81 51.71 11.95 Major Exporters 3/ 7.39 67.42 0.03 22.16 44.01 8.67 Argentina 4.07 30.93 0.00 2.30 28.55 4.16 Brazil 3.07 30.89 0.02 15.25 14.39 4.34 India 0.25 5.60 0.01 4.61 1.07 0.18 Major Importers 4/ 1.52 15.60 35.69 51.04 0.44 1.33 European Union 0.26 11.14 19.27 30.04 0.36 0.27 Southeast Asia 5/ 1.07 2.83 14.72 17.65 0.07 0.90 2015/16 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Nov 11.85 215.37 64.00 213.73 66.15 11.35 Dec 12.18 215.63 63.59 214.09 66.05 11.26 United States Nov 0.24 40.70 0.30 30.21 10.75 0.27 Dec 0.24 40.70 0.30 30.21 10.75 0.27 Total Foreign Nov 11.62 174.67 63.71 183.52 55.40 11.07 Dec 11.95 174.93 63.29 183.88 55.30 10.99 Major Exporters 3/ Nov 8.54 69.38 0.03 23.07 46.90 7.98 Dec 8.67 68.70 0.03 22.84 46.70 7.85 Argentina Nov 4.12 32.58 0.00 2.50 30.60 3.60 Dec 4.16 32.58 0.00 2.50 30.80 3.44 Brazil Nov 4.32 30.96 0.02 15.40 15.60 4.30 Dec 4.34 30.96 0.02 15.40 15.60 4.32 India Nov 0.10 5.84 0.01 5.17 0.70 0.08 Dec 0.18 5.16 0.01 4.95 0.30 0.10 Major Importers 4/ Nov 1.42 16.18 38.40 54.19 0.48 1.34 Dec 1.33 16.22 38.20 54.04 0.48 1.23 European Union Nov 0.23 11.69 20.30 31.64 0.40 0.18 Dec 0.27 11.69 20.30 31.64 0.40 0.22 Southeast Asia 5/ Nov 1.03 2.96 16.25 19.19 0.08 0.98 Dec 0.90 3.00 16.05 19.04 0.08 0.84 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketi ng years and to time lags be tween reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Br azil, and India. 4/ European Union, Southeast Asia, and Japa n. 5/ Indonesia, Malaysia, Philippine s, Vietnam, and Thailand. December 2015 WASDE - 548 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 3.85 45.02 9.27 45.17 9.42 3.54 United States 0.75 9.13 0.08 8.58 0.85 0.53 Total Foreign 3.10 35.88 9.19 36.59 8.57 3.01 Major Exporters 3/ 0.86 16.41 0.34 10.40 6.23 0.97 Argentina 0.26 6.79 0.01 2.73 4.09 0.24 Brazil 0.40 7.07 0.00 5.71 1.38 0.39 European Union 0.20 2.55 0.33 1.97 0.77 0.35 Major Importers 4/ 1.42 14.22 4.59 18.70 0.21 1.33 China 1.02 12.34 1.35 13.66 0.09 0.96 India 0.25 1.48 1.83 3.30 0.00 0.26 North Africa 5/ 0.15 0.41 1.41 1.74 0.11 0.12 2014/15 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 3.54 48.99 10.04 47.98 11.02 3.57 United States 0.53 9.71 0.12 8.62 0.91 0.83 Total Foreign 3.01 39.28 9.92 39.36 10.10 2.75 Major Exporters 3/ 0.97 18.03 0.29 10.88 7.61 0.79 Argentina 0.24 7.69 0.02 2.60 5.09 0.25 Brazil 0.39 7.66 0.01 6.28 1.51 0.27 European Union 0.35 2.68 0.25 2.00 1.01 0.27 Major Importers 4/ 1.33 15.10 5.22 20.26 0.18 1.22 China 0.96 13.39 0.77 14.17 0.11 0.85 India 0.26 1.25 2.80 4.05 0.00 0.25 North Africa 5/ 0.12 0.47 1.65 2.04 0.07 0.13 2015/16 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Nov 3.54 51.01 10.53 49.97 11.39 3.72 Dec 3.57 51.09 10.72 50.20 11.58 3.60 United States Nov 0.83 9.91 0.08 8.73 1.04 1.04 Dec 0.83 9.91 0.10 8.82 1.04 0.97 Total Foreign Nov 2.71 41.10 10.45 41.23 10.34 2.68 Dec 2.75 41.18 10.62 41.38 10.53 2.63 Major Exporters 3/ Nov 0.78 18.46 0.18 10.96 7.71 0.75 Dec 0.79 18.45 0.18 10.81 7.86 0.75 Argentina Nov 0.25 7.96 0.02 2.59 5.35 0.28 Dec 0.25 7.96 0.02 2.44 5.50 0.29 Brazil Nov 0.26 7.68 0.01 6.37 1.39 0.20 Dec 0.27 7.68 0.01 6.37 1.39 0.21 European Union Nov 0.28 2.82 0.15 2.00 0.97 0.28 Dec 0.27 2.81 0.15 2.00 0.97 0.26 Major Importers 4/ Nov 1.23 16.15 5.63 21.66 0.22 1.13 Dec 1.22 16.01 5.83 21.73 0.21 1.12 China Nov 0.85 14.36 0.85 15.23 0.08 0.75 Dec 0.85 14.36 0.85 15.23 0.08 0.75 India Nov 0.26 1.29 3.15 4.45 0.00 0.25 Dec 0.25 1.15 3.35 4.50 0.00 0.25 North Africa 5/ Nov 0.12 0.50 1.63 1.98 0.14 0.13 Dec 0.13 0.50 1.63 2.00 0.13 0.12 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketi ng years and to time lags be tween reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Brazil an d European Union. 4/ Chin a, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. December 2015 WASDE - 548 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef PorkRed Mea t 2/Broile r Turkey Total Poultry 3 /Red Meat & PoultryEgg Milk Million Pounds Mil doz Bil lbs 2014 IV 6,021 6,131 12,212 9,814 1,517 11,459 23,671 2,139 51.0 Annual 24,252 22,843 47,345 38,550 5, 756 44,827 92,171 8,335 206.0 2015 I 5,664 6,161 11,883 9,717 1,429 11,273 23,156 2,059 51.9 II 5,855 5,925 11,839 10,020 1,389 11,541 23,380 1,968 53.7 III 6,066 5,957 12,080 10,373 1,352 11,858 23,938 1,908 51.7 IV* 6,080 6,485 12,622 10,075 1,420 11,620 24,242 1,970 51.0 Annual Nov Proj. 23,715 24,508 48,457 40,207 5, 570 46,294 94,751 7,915 208.7 Dec Proj. 23,665 24,528 48,424 40,185 5, 590 46,292 94,716 7,905 208.3 2016 I* 5,950 6,150 12,156 9,950 1,350 11,425 23,581 1,990 53.0 II* 6,255 5,945 12,257 10,200 1,500 11,840 24,097 2,020 54.1 III* 6,330 6,175 12,561 10,475 1,550 12,165 24,726 2,049 52.7 Annual Nov Proj. 24,850 24,925 50,004 40,975 6, 010 47,525 97,529 8,141 212.9 Dec Proj. 24,680 24,925 49,834 40,900 6, 010 47,450 97,284 8,171 212.4 * Projection. 1/ Commercial production for re d meats; federally inspected for poultry me ats. 2/ Beef, pork, veal and lamb & mut ton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/Barrows and gilts 3/Broilers 4/Turkeys 5/Eggs 6/Milk 7/ Dol./cw t Dol./cw t Cents/lb. Cents/lb. Cents/doz. Dol./cw t 2014 IV 165.60 66.74 102.8 113.9 162.7 22.77 Annual 154.56 76.03 104.9 107.6 142.3 23.97 2015 I 162.43 48.47 97.0 99.6 146.9 17.00 II 158.11 53.20 104.2 108.5 170.3 16.70 III 144.22 54.59 83.7 126.4 235.7 16.93 IV* 126-129 45-46 74-75 129-132 183-186 17.70-17.90 Annual Nov Proj. 149.19 50.82 89.5 117.1 188.0 17.00-17.10 Dec Proj. 148.07 50.44 89.9 116.3 184.4 17.05-17.15 2016 I* 128-134 47-49 80-84 112-118 174-182 16.05-16.55 II* 133-145 50-54 81-87 110-120 158-172 15.25-16.05 III* 132-144 50-54 85-93 106-114 149-161 16.00-17.00 Annual Nov Proj. 136-147 47-50 83-89 110-118 161-174 15.95-16.85 Dec Proj. 132-142 47-50 83-89 110-118 160-172 15.95-16.75 *Projection. 1/ Simple average of months. 2/ 5-Area, Direct, To tal all grades 3/ National Base, Live equiv 51-52% lean. 4/ Whol esale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, Ne w York, volume buyers. 7/ Prices received by farmers for all milk. December 2015 WASDE - 548 - 32 U.S. Meats Supply and Use Item Beginning stocksProduction 1/ ImportsTotal Supply ExportsEnding Stocks Total UsePer Capita 2/ 3/ Million Pounds /4 Beef 2014 584 24,320 2,947 27,850 2,573 591 24,687 54.1 2015 Proj. Nov 591 23,780 3,432 27,803 2,223 600 24,980 54.4 Dec 591 23,730 3,382 27,703 2,223 690 24,790 54.0 2016 Proj. Nov 600 24,914 3,045 28,559 2,425 560 25,574 55.3 Dec 690 24,744 2,945 28,379 2,425 600 25,354 54.9 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2014 618 22,861 1,008 24,486 4,857 560 19,070 46.4 2015 Proj. Nov 560 24,526 1,106 26,192 4,996 675 20,521 49.5 Dec 560 24,546 1,106 26,212 4,946 650 20,616 49.8 2016 Proj. Nov 675 24,943 1,000 26,618 5,225 650 20,743 49.7 Dec 650 24,943 1,000 26,593 5,125 650 20,818 50.0 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2014 1,230 47,441 4,149 52,820 7,436 1,191 44,194 101.7 2015 Proj. Nov 1,191 48,550 4,748 54,489 7,224 1,317 45,947 105.1 Dec 1,191 48,517 4,695 54,403 7,174 1,380 45,848 105.0 2016 Proj. Nov 1,317 50,097 4,235 55,649 7,661 1,250 46,738 106.1 Dec 1,380 49,927 4,135 55,442 7,561 1,290 46,591 106.0 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2014 669 38,137 117 38,923 7,301 680 30,942 83.3 2015 Proj. Nov 680 39,777 125 40,582 6,426 800 33,356 89.1 Dec 680 39,755 125 40,561 6,426 850 33,285 89.0 2016 Proj. Nov 800 40,537 116 41,453 6,975 695 33,783 89.6 Dec 850 40,462 116 41,428 6,975 690 33,763 89.7 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2014 237 5,756 29 6,022 805 193 5,023 15.7 2015 Proj. Nov 193 5,570 41 5,804 537 190 5,077 15.8 Dec 193 5,590 41 5,824 537 190 5,097 15.9 2016 Proj. Nov 190 6,010 36 6,236 740 250 5,246 16.2 Dec 190 6,010 36 6,236 740 250 5,246 16.2 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2014 912 44,414 148 45,474 8,216 877 36,381 100.3 2015 Proj. Nov 877 45,863 169 46,909 7,103 1,000 38,806 106.1 Dec 877 45,861 169 46,907 7,103 1,054 38,750 106.0 2016 Proj. Nov 1,000 47,086 154 48,240 7,851 950 39,439 107.1 Dec 1,054 47,012 154 48,220 7,851 948 39,421 107.2 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2014 2,142 91,855 4,297 98,294 15,652 2,067 80,574 202.0 2015 Proj. Nov 2,067 94,414 4,917 101,398 14,327 2,317 84,754 211.2 Dec 2,067 94,379 4,864 101,310 14,277 2,434 84,599 211.0 2016 Proj. Nov 2,317 97,183 4,389 103,889 15,512 2,200 86,177 213.2 Dec 2,434 96,939 4,289 103,662 15,412 2,238 86,012 213.2 1/ Total including farm production for red meats and, for pou ltry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis for red meat an d broilers; certified ready-to-cook weight for turkey. 3/ Population source: Dept. of Commerce, Census Bureau. 4/ Carcass weight for red meats and certified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. December 2015 WASDE - 548 - 33 U.S. Egg Supply and Use Commodity 2013 2014 2015 Proj. 2015 Proj. 2016 Proj. 2016 Proj. Nov Dec Nov Dec Eggs Million Dozen Supply Beginning Stocks 20.8 23.0 23.3 23.3 23.0 26.0 Production 8,144.6 8,334.8 7,915.0 7,905.0 8,141.0 8,171.0 Imports 16.9 34.7 80.9 85.9 71.0 71.0 Total Supply 8,182.3 8,392.4 8,019.2 8,014.2 8,235.0 8,268.0 Use Exports 371.8 393.8 323.2 323.2 350.0 350.0 Hatching Use 964.8 980.7 993.2 993.1 1,005.0 1,005.0 Ending Stocks 23.0 23.3 23.0 26.0 22.0 24.0 Disappearance Total 6,822.6 6,994.6 6,679.8 6,671.9 6,858.0 6,889.0 Per Capita (number) 258.4 263.0 249.3 249.1 254.1 255.7 Total U.S. Milk Supply and Use Commodity 2013 2014 2015 Proj. 2015 Proj. 2016 Proj. 2016 Proj. Nov Dec Nov Dec Milk Billion Pounds Production 201.2 206.0 208.7 208.3 212.9 212.4 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 12.2 11.2 11.2 11.2 12.4 12.9 Marketings 200.3 205.1 207.7 207.3 212.0 211.5 Imports 3.7 4.3 5.9 5.8 5.8 5.8 Total Cml. Supply 216.2 220.6 224.8 224.4 230.2 230.2 Fat Basis Use Commercial Exports 12.4 12.4 8.8 8.8 9.4 9.0 Ending Commercial Stocks 11.2 11.2 12.4 12.9 12.2 12.2 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 192.6 196.9 203.6 202.7 208.6 208.9 Skim-solid Basis Supply Beg. Commercial Stocks 12.4 11.7 13.1 13.1 13.4 13.8 Marketings 200.3 205.1 207.7 207.3 212.0 211.5 Imports 5.3 5.6 6.0 6.0 6.1 6.1 Total Cml. Supply 217.9 222.4 226.8 226.4 231.5 231.4 Skim-solid Basis Use Commercial Exports 38.6 39.1 37.8 37.7 39.5 38.7 Ending Commercial Stocks 11.7 13.1 13.4 13.8 13.6 13.7 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 167.7 170.2 175.6 174.9 178.4 178.9 Total Note: Totals may not add due to rounding. December 2015 WASDE - 548 - 34 U.S. Dairy Prices Commodity 2013 2014 2015 Proj. 2015 Proj. 2016 Proj. 2016 Proj. Nov Dec Nov Dec Product Prices 1/ Dollars Pe r Pound Cheese 1.7683 2.1551 1.645- 1.6551.640- 1.6501.595- 1.685 1.595- 1.675 Butter 1.5451 2.1361 2.005- 2.0352.065- 2.0951.835- 1.955 1.880- 1.990 Nonfat Dry Milk 1.7066 1.7682 0.900- 0.9200.890- 0.9100.955- 1.025 0.915- 0.975 Dry Whey 0.5902 0.6538 0.375- 0.3850.375- 0.3850.280- 0.310 0.280- 0.310 Filler Dollars Pe r Cwt Milk Prices 2/ Class III 17.99 22.34 15.75- 15.8515.75- 15.8514.70- 15.60 14.75- 15.55 Class IV 19.05 22.09 14.10- 14.3014.30- 14.5013.85- 14.85 13.70- 14.60 All Milk 3/ 20.05 23.97 17.00- 17.1017.05- 17.1515.95- 16.85 15.95- 16.75 1/ Simple average of monthly prices calculated by AMS from weekly averag e dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test . 3/ Does not reflect any deductions from producers as authori zed by legislation. December 2015 WASDE - 548 - 35 Reliability of December Projections 1/ Note: Tables on pages 35-37 present a record of the December projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimat e by more than 0.8 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 1.4 percent. Th e average difference between the December pr ojection and the final estimate is 4 mill ion tons, ranging from 0.4 million to 10.2 million tons. The December projection ha s been below the estimate 25 times and above 9 times. Differences between forecast and final estimate 90 percen t Years Commodity and Region Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final WHEAT Percen t Million Metric Tons Production Worl d 0.8 1.4 4.0 0.4 10.2 25 9 U.S. 0.4 0.7 0.2 0.0 1.2 16 12 Forei gn 0.9 1.6 4.0 0.4 10.3 25 9 Exports Worl d 5.3 9.1 5.4 0.1 18.3 28 6 U.S. 5.8 9.8 1.6 0.2 3.9 19 15 Forei gn 6.6 11.2 5.3 0.5 17.9 30 4 Domestic Use Worl d 1.3 2.2 5.7 0.2 16.7 20 14 U.S. 5.8 9.9 1.5 0.1 3.6 10 24 Forei gn 1.3 2.3 5.7 0.1 16.1 23 11 Endin g Stocks Worl d 5.7 9.7 6.8 0.9 19.4 24 10 U.S. 10.8 18.4 1.7 0.1 7.0 22 12 Forei gn 5.9 10.0 5.6 0.4 19.3 23 11 COARSE GRAINS 2/ Production Worl d 1.4 2.3 10.6 0.0 24.2 25 9 U.S. 1.4 2.3 2.4 0.0 7.5 18 16 Forei gn 1.9 3.2 10.7 0.3 26.5 24 10 Exports Worl d 6.9 11.7 6.3 0.1 33.3 25 9 U.S. 15.8 26.8 5.4 0.1 12.8 14 20 Forei gn 12.2 20.6 6.5 0.0 27.1 22 11 Domestic Use Worl d 1.2 2.0 8.7 0.3 22.8 20 14 U.S. 3.7 6.3 5.1 0.1 17.9 17 17 Forei gn 1.4 2.3 8.0 0.3 22.7 22 12 Endin g Stocks Worl d 10.1 17.1 12.7 1.0 30.3 28 6 U.S. 19.8 33.6 7.7 0.7 23.9 19 15 Forei gn 13.3 22.5 10.9 0.4 31.8 27 7 RICE , milled Production Worl d 2.0 3.4 5.6 0.0 16.2 27 7 U.S. 2.9 4.9 0.1 0.0 0.5 17 13 Forei gn 2.0 3.5 5.6 0.1 16.2 28 6 Exports Worl d 9.5 16.0 1.6 0.1 6.1 27 7 U.S. 7.6 12.9 0.2 0.0 0.6 17 15 Forei gn 10.7 18.1 1.6 0.0 6.0 25 9 Domestic Use Worl d 1.5 2.6 3.6 0.0 15.9 24 10 U.S. 7.4 12.6 0.2 0.0 0.6 17 17 Forei gn 1.6 2.7 3.5 0.0 16.1 24 10 Endin g Stocks Worl d 10.0 17.0 4.3 0.1 14.8 27 7 U.S. 21.7 36.8 0.2 0.0 0.8 19 15 Forei gn 10.4 17.6 4.3 0.2 14.2 27 7 1/ Footnotes at end of table. CONTINUED December 2015 WASDE - 548 - 36 Reliability of December Projections (Continued) 1/ Differences between forecast and final estimate 90 percen t Years Commodity and Region Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final SOYBEANS Percent Million Metric Tons Production World 3.9 6.6 5.1 0.1 23.8 20 14 U.S. 2.0 3.5 1.1 0.1 2.7 15 19 Foreign 6.4 10.9 5.2 0.1 25.1 17 17 Exports World 7.1 12.0 3.0 0.1 13.1 20 14 U.S. 9.3 15.7 2.0 0.1 6.4 20 14 Foreign 18.4 31.2 2.7 0.0 11.4 17 17 Domestic Use World 2.8 4.8 3.9 0.2 13.2 19 15 U.S. 3.6 6.1 1.3 0.0 3.6 23 11 Foreign 3.4 5.8 3.5 0.2 11.9 19 15 Ending Stocks World 16.1 27.2 4.1 0.1 18.5 20 14 U.S. 39.2 66.5 1.9 0.2 6.0 10 24 Foreign 17.6 29.8 3.6 0.1 12.9 20 14 COTTON Million 480-Pound Bales Production World 3.0 5.1 2.2 0.0 6.4 19 14 U.S. 2.0 3.4 0.2 0.0 0.8 17 16 Foreign 3.6 6.1 2.2 0.0 6.7 18 15 Exports World 7.3 12.3 1.9 0.1 9.0 21 13 U.S. 14.0 23.8 0.9 0.0 3.0 22 12 Foreign 9.4 16.0 1.5 0.0 8.3 18 15 Domestic Use World 2.9 4.9 2.2 0.5 8.2 17 17 U.S. 6.2 10.5 0.3 0.0 1.0 19 14 Foreign 2.9 5.0 2.1 0.3 7.9 18 16 Ending Stocks World 11.5 19.5 4.2 0.5 12.0 21 13 U.S. 25.7 43.6 1.0 0.1 3.2 9 25 Foreign 12.2 20.6 3.9 0.1 12.1 24 10 1/ Marketing years 1981/82 through 2014/15 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2014/15. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. December 2015 WASDE - 548 - 37 Reliability of United States December Projections 1/ Differences between forecast and final estimate 90 percen t Years Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final CORN Percent Million Bushels Production 1.4 2.3 89 0 250 18 15 Exports 16.4 27.8 191 9 467 14 20 Domestic Use 4.0 6.7 193 14 574 21 13 Ending Stocks 22.8 38.6 299 16 986 19 15 SORGHUM Production 4 . 3 7 . 31 6 15 31 61 8 Exports 17.8 30.2 29 0 123 23 10 Domestic Use 19.2 32.6 37 0 127 13 20 Ending Stocks 46.0 78.0 26 2 104 13 21 BARLEY Production 1.5 2.6 4 0 24 13 10 Exports 26.6 45.2 9 0 37 12 20 Domestic Use 6.7 11.3 17 0 70 13 20 Ending Stocks 12.5 21.3 13 0 39 23 9 OATS Production 1 . 2 2 . 020 1 879 Exports 7 5 . 9 1 2 8 . 81078 1 0 Domestic Use 4 . 8 8 . 21 2 13 91 51 9 Ending Stocks 20.9 35.5 14 1 52 22 12 SOYBEAN MEAL Thousand Short Tons Production 3.5 6.0 1,030 152 2,578 22 12 Exports 11.4 19.4 721 100 2,850 20 14 Domestic Use 3.4 5.7 718 50 2,293 18 16 Ending Stocks 34.8 59.0 59 0 214 14 18 SOYBEAN OIL Million Pounds Production 3.6 6.0 462 43 1,530 23 11 Exports 27.6 46.9 323 0 1,325 18 14 Domestic Use 3.8 6.4 434 25 1,761 21 13 Ending Stocks 22.0 37.3 298 1 1,051 21 13 ANIMAL PROD. 3/ Million Pounds Beef 3.7 6.2 742 9 2,311 24 9 Pork 3.4 5.8 449 20 1,592 20 13 Broilers 1.8 3.1 409 1 1,346 21 12 Turkeys 3.1 5.2 125 2 407 20 13 Million Dozen Eggs 1.9 3.2 98 3 515 22 11 Billion Pounds Milk 1.6 2.7 1.9 0.0 6.1 18 13 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2014/15 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2014/15. Calendar years 1983 through 2014 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate pub lished by NASS for 1983-2014. WASDE-548-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oc e/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 19 0 countries and regions at http://www.fas.usda.gov/psd/online . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric-Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 New WASDE Notification System Beginning with this issue, subscribers will be notified through GovDelivery when the monthly World Agricultural Supply and Demand Estimates (WASDE ) report is available. This replaces the current system, with not ifications sent by Cornell University. Previous WASDE reports are still available at http://usda.mannlib.cornell.edu/MannUsd a/viewDocumentInfo.do?documentID=1194 For questions contact: Susan Carter at 202-720-5447 or [email protected] World Agricultural Suppl y and Demand Estimates WASDE-548 – December 9, 2015 WASDE Briefing Slides: The briefing slides wh ich accompany today’s WASDE report will be available at http://www.usda.gov/o ce/commodity/wasde/ Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e-mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu . Select the “Reports by E-Mail” bar to sign up. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202-720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250-9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554-9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 538 Approved by the World Agricultural Outlook Board February 10, 2015 WHEAT: U.S. wheat ending stocks for 2014/15 are projected 5 million bushels higher as reduced exports more than offset an import reduc tion. Projected imports are lowered 20 million bushels to 160 million on pace to date. Projected exports are lowered 25 million bushels to 900 million on increased competition fr om EU and the recent strengthening of the dollar, which makes U.S. exports less competit ive. Ending stocks are increased to 692 million bushels. The season-average farm price is lo wered 5 cents on the low end and 15 cents on the high end to $5.85 to $6.15 per bushel. The reduction reflects prices received to date as well as a loss of competitiveness for U.S. wheat. Global wheat supplies for 2014/15 are raised 3.3 million tons with both increased production and beginning stocks. World wheat production remains record high and is raised 1.7 million tons led by 0.5-million-ton increases for both Argentina and Kazakhstan. The Argentina change reflects harvest reports to date; Kaza khstan’s increase is from updated government statistics. Turkey is raised 0.3 million tons based on a multi-year review of production. Ukraine is raised 0.3 million tons on updated gov ernment statistics. Beginning stocks are raised 1.7 million tons mostly on back-year revisions to the Turkey production. Global wheat trade for 2014/15 is raised with exports up 0.9 million tons on larger supplies and stronger demand. Exports are raised 1.0 million tons for EU and 0.5 million tons each for Argentina and Brazil. The EU in crease stems from a fast sale s pace and competitive prices. Argentina is raised on the larger crop, and Brazil is up on pace of shipments to date. A 0.5- million-ton reduction for Australia is partly offse tting. Egypt imports are raised 0.5 million tons; Philippines, Saudi Arabia, and Sri Lanka are each rais ed 0.2 million tons. Partly offsetting are 0.3-million-ton reductions each for Bangladesh, Brazil, and Turkey. All the import changes reflect the pace of trade to date. Global wheat consumption for 2014/15 is up 1.5 million tons on both hi gher food and feed use. The largest increases for food use are for Egypt and Russia, up 0.5 million tons each. Turkey feed use is up 0.4 million tons. Partly offs etting are 0.5-million-t on and 0.3-million-ton reductions, respectively for Canada and Brazil feed use. Ending stocks are up 1.9 million tons, mostly with a 1.3-million-ton increase for Turk ey on back-year revisions to production. COARSE GRAINS: U.S. feed grain ending stocks fo r 2014/15 are projected lower with reductions for corn, sorghum, and barley. Corn accounts for most of the reduction with projected use in ethanol production raised 75 m illion bushels on higher forecast 2015 gasoline consumption by the Energy Information Admi nistration. Corn feed and residual use is projected 25 million bushels lower with the acco mpanying increase expected in supplies of distillers’ grains. Corn ending stocks fo r 2014/15 are reduced 50 million bushels. The projected range for the corn season-average farm price is narrowed 5 cents on both ends to $3.40 to $3.90 per bushel. WASDE-538-2 This month’s changes to 2014/15 sorghum and barley supply and use are driven by adjustments in the trade outlooks for both co mmodities. Sorghum exports for 2014/15 are raised 30 million bushels with further strong export sales and shipments to China. Projected sorghum feed and residual use is lowered 10 m illion bushels and food, seed, and industrial use is lowered 15 million bushels. Sorghum ending st ocks are projected 5 million bushels lower. The sorghum farm price range is narrowed 5 c ents on each end to $3.55 to $4.05 per bushel. Projected barley imports are lo wered 10 million bushels based on the lagging pace of trade to date. Feed and residual use and ending stocks are both lowered 5 million bushels. The barley farm price range is narrowed 5 cents on each end to $5.05 to $5.45 per bushel based. Global coarse grain supplies for 2014/15 are projec ted 5.0 million tons higher mostly on higher corn production for Ukraine and Argentina and higher corn beginning stocks for South Africa, Argentina, and Brazil. Higher 2014/15 beginning st ocks for South Africa reflect reduced 2013/14 exports and an upward revision to 2013/ 14 production. Argentina and Brazil corn production are both revised higher for 2013/14. The largest production change for 2014/15 is a 1.5-million-ton increase for Ukraine corn based on the latest government statistics. Argentina corn production for 2014/15 is raised 1. 0 million tons reflecting mostly favorable growing conditions. Corn production is raised 0. 5 million tons for India and 0.2 million tons each for EU, Kazakhstan, Mexico, and Turkey. Russia corn production is reduced 0.5 million tons. Other coarse grain production changes ar e mostly offsetting with sorghum raised for Argentina, but lowered for Mexico, and Russi a barley and oats production raised and rye production lowered. Global coarse grain consumption for 2014/15 is raised 4.8 million tons with foreign consumption up 4.3 million tons. Leading the incr eases are a 1.0-million-ton increase in EU corn feed use and a 0.8-million-ton increase in Ch ina sorghum feed use. Corn use is also increased for Canada, Mexico, Argentina, and Tu rkey. Sorghum feed use is lowered for Mexico. Global coarse grain trade for 2014/15 is raised with corn imports higher for EU, Canada, and China, and sorghum imports higher fo r China. Corn exports are raised for Argentina, Ukraine, and South Africa, but lowered for Russia. In addition to the United States, sorghum exports are also raised for Argentina. Global coarse grain and corn ending stocks for 2014/15 are raised slightly. RICE: Slight revisions are made to the U.S. all rice and rice-by-class 2014/15 supply and use balance sheets. All rice imports are increased 1. 0 million cwt to 23.0 million, all in combined medium- and short-grain rice. Imports of br oken rice from Australia of about 21,000 tons (milled basis) were reported in the U.S. Census Bureau’s December trade data. The all rice export forecast is unchanged at 103.0 million cwt, but the by-class projections are shifted by increasing long-grain 1.0 million to 71.0 m illion and lowering combined medium- and short- grain 1.0 million to 32.0 million. All rice ending st ocks are raised 1.0 million cwt to nearly 42.0 million with long-grain stocks lo wered 1.0 million to 28.1 million, and combined medium- and short-grain stocks raised 2.0 m illion to 11.5 million. Stocks of broken rice, not reported by class, are projected at a li ttle over 2.0 million cwt. The 2014/15 long-grain season-average price r ange is narrowed to $11.90 to $12.50 per cwt, up 20 cents on the low end of the range and down 20 cents on the upper end—the midpoint is unchanged from a month ago at $12.20 per cwt. The all combined medium- and short-grain season-average price range is narrowed to $17. 90 to $18.70 per cwt, down 10 cents on the WASDE-538-3 low end of the range and a decrease of 30 cents on the high end—the midpoint is lowered 20 cents from last month to $18.30 per cwt. Two additional combined medium- and short-grain farm prices are introduced this month: a Calif ornia price (on an October-September basis) and a price for Other States (on an August-July bas is). The California combined medium- and short-grain price is forecast with a midpoint of $20.00 per cwt, and the midpoint for the Other States is $15.10. Global 2014/15 rice supply and use projections are lowered from last month. Global 2013/14 rice production is forecast at 474.6 million tons, down 0.9 million from last month. The largest declines for Thailand and Cambodia are partially o ffset by increases for Sri Lanka and Iraq. Thailand’s 2014/15 rice crop is lowered 1.0 milli on tons to 19.5 million due to a reduction in dry-season plantings resulting from an on-goi ng drought and a reduction in irrigation water availability concentrated in the Central Region. Thailand’s 2014/15 crop would be the smallest since 2006/07. Cambodia’s crop is lowered 200,000 tons to 4.7 million due mostly to flooding of the main-season crop. Global consumption is down slightly from a month ago. World trade in 2014/15 is lowered 400,000 tons due mostly to reductions for Thailand and Cambodia. Imports are lowered for Iraq. World ending sto cks are lowered 0.8 million tons to 98.2 million due mostly to a reduction for Thailand, which is par tially offset by increases for Pakistan and Sri Lanka. Thailand’s 2014/15 ending stocks are lo wered 1.4 million tons to 9.6 million, the lowest since 2011/12. Pakistan’s 2014/15 ending st ocks are raised 0.5 million tons owing to a reduction in the 2013/14 export projection. OILSEEDS: U.S. soybean supplies are increased 10 million bushels to 4,086 million on higher projected imports. Soybean exports for 2014/15 ar e projected at 1,790 million bushels, up 20 million reflecting the record pace of shipment s through January. Soybean crush is raised 15 million bushels to 1,795 million on increased domes tic soybean meal disappearance, which is raised in line with projected gains in meat production. Soybean oil production gains from additional crush are mostly offset with a lower ex traction rate. With increased production and reduced exports, soybean oil ending stocks are projected at 1.505 billion pounds, up 75 million. Soybean ending stocks are projected at 385 million bushels, down 25 million from last month. The 2014/15 season-average soybean price range pr ojection is unchanged at $9.45 to $10.95 per bushel. The soybean meal price is project ed at $350 to $390 per short ton, up 10 dollars on both ends of the range. The soybean oil pric e range is projected at 30 to 34 cents per pound, down 1 cent on both ends. Global oilseed production for 2014/15 is projected at a record 532.1 million tons, down slightly from last month. Global soybean production is ra ised 0.7 million tons to a record 315.1 million. Prospects for the Argentina soybean crop hav e improved with ample moisture and mild temperatures. As a result, the crop is project ed at a record 56.0 million tons, up 1.0 million. Soybean production is also raised for China, Russia, and Ukraine. Soybean production for Brazil is projected at 94.5 milli on tons, down 1.0 million on lower yields reflecting the impact of limited rainfall in eastern growing areas. Sunflowerseed changes this month include reduced production for Russia and India with a partly offse tting increase for Ukraine. India rapeseed production is projected at 6.9 million tons, down 650 thousand tons on lower area. Other changes include reduced peanut production for India, increased peanut production for Argentina, and increased cottonseed production for Pakistan. Palm oil production is reduced for Malaysia as a result of recent flooding. WASDE-538-4 Global soybean and product supply and use changes this month include increased crush and product exports for Argentina, Bolivia, and Russi a; increased soybean imports for Russia and the United States; and reduced soybean meal expor ts for India. Global oilseed stocks are projected lower, mostly reflecting reduced so ybean stocks for Brazil and the United States and reduced rapeseed stocks for Canada and India. SUGAR: There are no changes in the 2014/15 U.S. sugar supply and use from last month. Imports from Mexico are still pr ojected at 1.602 million short tons raw value (STRV), based on the Target Quantity of U.S. Needs defined in the Agreem ent Suspending the Countervailing Duty Investigations on Sugar from Mexico, dated December 19, 2014. Ending stocks are calculated residually at 1.666 million STRV. The implied stocks-to-use ratio is 13.6 percent. There are no changes in the 2014/15 Mexico sugar supply and use from last month. LIVESTOCK, POULTRY, AND DAIRY: The 2015 forecast of total red meat and poultry production is higher than last month on incr eases to beef, pork, and poultry production. USDA’s Cattle report, released January 30, revised the 2014 calf crop higher and pointed to a higher level of cattle outside feedlots on January 1, 2015. Given greater supplies of cattle outside feedlots, placements ar e expected to decline less rapidly during 2015 with fed cattle slaughter higher than forecast last month. Cow sl aughter is raised slightly from last month with larger cow numbers, but is still expected to be below 2014. The increase in slaughter is partly offset by slower growth in carcass weights. Pork production is raised as slaughter to date has been above expectations. Broiler production is hi gher as recent hatchery data shows faster- than-expected growth in chicks placed. Turkey production is also raised on hatchery data. Egg production is unchanged. Estimates of 2014 meat and egg production are adjusted to reflect December data. The 2015 beef import forecast is raised from last month as demand for processing grade beef remains strong and strength of the dollar makes t he United States an attractive market. Beef exports for 2015 are reduced due to relatively hi gh U.S. prices. Pork exports are lowered based on increased competition from other exporters and slower growth in global demand. The broiler export forecast is lowered on weaker demand. Turkey exports are also reduced. The egg export forecast is raised. Meat and egg trade estimates for 2014 are updated based on data for December. Larger meat supplies are expected to pressure prices for livestock and poultry. Cattle prices for 2015 are lowered from last month, reflec ting recent price weakness for fed cattle and greater supplies of competing m eats. The hog price forecast is down on greater supplies of market hogs and weaker-than-expected demand. Br oiler and turkey prices are reduced on larger production. Egg prices are unchanged. The milk production forecast for 2015 is lowered fr om last month as slower growth in output per cow more than offsets faster herd expansion. USDA’s Cattle report estimated dairy replacement heifers expected to calve during 2015 were up about 1 percent from a year ago, while the number of milk cows on January 1, 2015, was 1 percent above 2014 and the highest since 2009. Fat-basis exports for 2015 are unchanged from last month. Skim-solids exports are higher mostly on greater shipments of whey. Fat basis imports are higher on expectations of greater cheese imports during 2015. For 2014, production, output per cow, trade, price and stock estimates are adjusted bas ed on published data through December. WASDE-538-5 Product price forecasts for butter and whey ar e higher, supported by strong demand and price strength to date. The nonfat dry milk (NDM) pr ice is lower as strong competition in export markets is expected to persist during the firs t half of 2015. The cheese price is unchanged, but the range is narrowed. The Class III price is raised on higher whey prices. The Class IV price is down as a lower NDM price more than offs ets a higher butter price. The all milk price is lowered to $17.40 to $18.10 per cwt. COTTON: The 2014/15 U.S. cotton estimates s how lower domestic mill use and higher exports compared with last month. Estimates of production and total supply are unchanged. A reduction of 150,000 bales in domestic mill use to 3.65 million bales reflects slower-than- expected consumption through December. U.S. exports are raised 700,000 bales to 10.7 million based on remarkably heavy sales of about 2.0 million bales for the past 4 weeks, due to strong foreign mill demand for medium- and high-gr ade cotton. This level of exports would account for 31 percent of world trade, the highest U.S. share in four seasons. Forecast ending stocks of 4.2 million bales are reduced 0.5 million from last m onth. The expected marketing year average price received by producers of 61 cents is lowered 0.5 cents per pound at the midpoint and on both ends of the range. A combination of slightly higher production and s harply lower consumption is raising projected world ending stocks by 1.2 million bales this month. Production is raised primarily in Pakistan, reflecting the latest ginning arrival data. C onsumption is reduced mainly in China and the United States, but is raised for Vietnam and Indones ia. The available data continue to indicate a sluggish world consumption response to lower cotton prices, mainly because prices of manmade fibers have also fallen. World trade is raised slightly, owing to a 300,000-bale increase in forecast imports by China. Expor ts are raised for the United States and Pakistan, partially offset by a decrease for India. Worl d ending stocks are now projected to reach nearly 110 million bales. Approved by the Secretary of Agricultur e and the Acting Chairperson of the World Agricultural Outlook Board, David Stallings, ( 202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: ROBERT C. JOHANSSON SECRETARY OF AGRICULTURE DESIGNATE WASDE-538-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Jerry Norton, ICEC Chair, WAOB, E-mail : [email protected] Gary Vocke, ERS; Teresa McKeivier, FAS; Tom Tice, FSA. Rice: Andrew C. Aaronson, ICEC Chair, WAOB, E-mail : [email protected] Nathan Childs, ERS; Yoonhee Macke, FAS; Mark Simone, FSA. Feed Grains: Jerry Norton, IC EC Chair, WAOB, E-mail : [email protected] Thomas Capehart, ERS; Richard O’M eara, FAS; Pete Riley, FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail : [email protected] Mark Ash, ERS; Bill George , FAS; Philip Sronce, FSA. Cotton: Carol Skelly, ICEC Chair, WAOB, E-mail : [email protected] Darryl Earnest, AMS; Leslie Meyer, ERS; Ja mes Johnson, FAS; Scott Sanford, FSA. Sugar: Stephen Haley, ICEC Chair, WAOB, E-mail : [email protected] Michael McConnell, ERS; Ron Lord, FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Sherry Wise, AMS; Kenneth Mathews, ERS; Cla ire Mezoughem, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Larry Haller, AMS; David Harvey, ERS; J oanna Hitchner, FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Uthra Raghunathan, AMS; Jerry Cessna, ERS; P aul Kiendl, FAS; Milton Madison, FSA. In 2015, the WASDE report will be released on Jan. 12, Feb. 10, Mar. 10, Apr. 9, May 12, Jun. 10, Jul. 10, Aug. 12, Sep. 11, Oct. 9, Nov. 10, Dec. 9. WASDE-538-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................... 1 Interagency Commodity Estimates Committees ..................................................... 6 World & U.S. Supply & Use for Grains ................................................................... 8 World & U.S. Supply & Use for Cotton ................................................................... 9 World & U.S. Supply & Use for Oilseeds ............................................................. 10 U.S. Wheat Supply & Use .................................................................................... 11 U.S. Wheat Supply & Use by Class ..................................................................... 11 U.S. Feed Grain & Corn Supply & Use ................................................................ 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13 U.S. Rice Supply & Use ....................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................ 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ............................................................................. 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use ................................................................................. 18 World Coarse Grains Supply & Use ..................................................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use..................................................................................... 24 World Cotton Supply & Use ................................................................................. 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ..................................................................... 29 World Soybean Oil Supply & Use ........................................................................ 30 U.S. Quarterly Animal Product Production ........................................................... 31 U.S. Quarterly Prices for Animal Products ........................................................... 31 U.S. Meats Supply and Use ................................................................................. 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use .................................................................................... 33 U.S. Dairy Prices ................................................................................................. 34 Reliability Tables ................................................................................................. 35 Related USDA Reports ........................................................................................ 38 Metric Conversion Factors ................................................................................... 38 Electronic Access and Subscriptions ....................................................................... 40 February 2015 WASDE - 538 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World OutputTotal Supply Trade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2012/13 2266.81 2739.03 299.49 2284.26 454.77 2013/14 (Est.) 2473.08 2927.86 371.67 2423.01 504.85 filler filler filler filler filler 2014/15 (Proj.) Jan 2471.19 2972.65 349.84 2453.76 518.90 2014/15 (Proj.) Feb 2475.08 2979.93 354.54 2459.81 520.12 filler filler filler filler filler Wheat 2012/13 658.54 855.38 137.36 679.89 175.49 2013/14 (Est.) 716.14 891.63 165.81 704.17 187.46 filler filler filler filler filler 2014/15 (Proj.) Jan 723.38 909.18 159.19 713.19 196.00 2014/15 (Proj.) Feb 725.03 912.49 160.11 714.65 197.85 filler filler filler filler filler Coarse Grains 5/ 2012/13 1136.27 1304.82 122.88 1135.74 169.09 2013/14 (Est.) 1279.87 1448.95 163.80 1238.36 210.60 filler filler filler filler filler 2014/15 (Proj.) Jan 1272.34 1481.14 148.07 1257.24 223.90 2014/15 (Proj.) Feb 1275.49 1486.09 152.26 1262.03 224.06 filler filler filler filler filler Rice, milled 2012/13 472.00 578.83 39.25 468.63 110.20 2013/14 (Est.) 477.08 587.28 42.07 480.48 106.79 filler filler filler filler filler 2014/15 (Proj.) Jan 475.47 582.33 42.57 483.33 99.00 2014/15 (Proj.) Feb 474.56 581.35 42.17 483.13 98.22 filler filler filler filler filler United States Output Total SupplyTrade 2 /Total Use 3/Ending Stocks Total Grains 4/ 2012/13 352.96 412.94 51.63 317.09 44.23 2013/14 (Est.) 431.31 484.09 89.42 343.27 51.40 filler filler filler filler filler 2014/15 (Proj.) Jan 439.32 499.68 80.03 348.90 70.74 2014/15 (Proj.) Feb 439.32 498.95 80.11 349.43 69.41 filler filler filler filler filler Wheat 2012/13 61.30 84.85 27.54 37.77 19.54 2013/14 (Est.) 58.11 82.23 32.01 34.15 16.07 filler filler filler filler filler 2014/15 (Proj.) Jan 55.13 76.09 25.17 32.22 18.70 2014/15 (Proj.) Feb 55.13 75.55 24.49 32.22 18.83 filler filler filler filler filler Coarse Grains 5/ 2012/13 285.31 319.77 20.70 275.54 23.53 2013/14 (Est.) 367.09 393.85 54.42 305.11 34.31 filler filler filler filler filler 2014/15 (Proj.) Jan 377.12 414.79 51.56 312.49 50.74 2014/15 (Proj.) Feb 377.12 414.58 52.33 313.01 49.24 filler filler filler filler filler Rice, milled 2012/13 6.35 8.32 3.39 3.78 1.16 2013/14 (Est.) 6.12 8.01 2.99 4.00 1.03 filler filler filler filler filler 2014/15 (Proj.) Jan 7.07 8.79 3.29 4.19 1.31 2014/15 (Proj.) Feb 7.07 8.82 3.29 4.19 1.34 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). February 2015 WASDE - 538 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ OutputTotal Supply Trade 2 /Total UseEnding Stocks Total Grains 4/ 2012/13 1,913.85 2,326.09 247.86 1,967.17 410.55 2013/14 (Est.) 2,041.77 2,443.77 282.25 2,079.74 453.45 filler filler filler filler filler 2014/15 (Proj.) Jan 2,031.87 2,472.98 269.81 2,104.86 448.15 2014/15 (Proj.) Feb 2,035.76 2,480.98 274.43 2,110.38 450.71 filler filler filler filler filler Wheat 2012/13 597.24 770.53 109.82 642.12 155.96 2013/14 (Est.) 658.03 809.40 133.79 670.02 171.40 filler filler filler filler filler 2014/15 (Proj.) Jan 668.26 833.09 134.02 680.96 177.30 2014/15 (Proj.) Feb 669.91 836.95 135.62 682.43 179.01 filler filler filler filler filler Coarse Grains 5/ 2012/13 850.96 985.05 102.17 860.20 145.55 2013/14 (Est.) 912.78 1,055.10 109.38 933.24 176.28 filler filler filler filler filler 2014/15 (Proj.) Jan 895.22 1,066.35 96.51 944.75 173.16 2014/15 (Proj.) Feb 898.37 1,071.51 99.94 949.01 174.83 filler filler filler filler filler Rice, milled 2012/13 465.65 570.51 35.87 464.85 109.04 2013/14 (Est.) 470.96 579.27 39.08 476.49 105.77 filler filler filler filler filler 2014/15 (Proj.) Jan 468.40 573.54 39.28 479.14 97.69 2014/15 (Proj.) Feb 467.49 572.52 38.88 478.94 96.88 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world mi nus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales OutputTotal Supply Trade 2 /Total Use 3 /Ending Stocks World 2012/13 123.58 197.39 46.76 107.78 89.97 2013/14 (Est.) 120.44 210.41 40.73 109.10 101.66 2014/15 (Proj.) Jan 119.17 220.83 33.99 112.24 108.64 2014/15 (Proj.) Feb 119.37 221.04 34.24 111.25 109.84 United States 2012/13 17.31 20.67 13.03 3.50 3.80 2013/14 (Est.) 12.91 16.72 10.53 3.55 2.45 2014/15 (Proj.) Jan 16.08 18.54 10.00 3.80 4.70 2014/15 (Proj.) Feb 16.08 18.54 10.70 3.65 4.20 Foreign 4/ 2012/13 106.27 176.72 33.74 104.28 86.17 2013/14 (Est.) 107.53 193.69 30.20 105.55 99.21 2014/15 (Proj.) Jan 103.08 202.29 23.99 108.44 103.94 2014/15 (Proj.) Feb 103.29 202.49 23.54 107.60 105.64 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. February 2015 WASDE - 538 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World OutputTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2012/13 475.80 543.36 118.15 396.96 69.44 2013/14 (Est.) 504.28 573.72 133.75 418.28 80.47 2014/15 (Proj.) Jan 532.37 612.74 135.72 431.03 104.69 2014/15 (Proj.) Feb 532.15 612.61 136.48 432.14 103.16 Oilmeals 2012/13 268.67 281.16 78.19 264.39 11.31 2013/14 (Est.) 281.68 292.98 82.01 277.10 12.60 2014/15 (Proj.) Jan 292.58 305.02 85.23 287.63 13.00 2014/15 (Proj.) Feb 293.61 306.21 86.25 289.28 12.79 Vegetable Oils 2012/13 161.12 179.06 68.54 157.55 17.58 2013/14 (Est.) 170.85 188.42 69.55 165.67 18.10 2014/15 (Proj.) Jan 176.06 194.33 70.90 173.53 18.09 2014/15 (Proj.) Feb 175.69 193.79 71.08 173.39 17.61 United States Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2012/13 93.32 100.70 36.87 50.23 5.76 2013/14 (Est.) 99.02 107.95 45.79 51.47 3.95 2014/15 (Proj.) Jan 117.34 122.74 49.20 53.17 12.71 2014/15 (Proj.) Feb 117.34 122.99 49.72 53.19 12.03 Oilmeals 2012/13 38.69 42.42 10.49 31.61 0.31 2013/14 (Est.) 39.40 43.46 10.75 32.41 0.29 2014/15 (Proj.) Jan 41.56 45.52 11.90 33.29 0.34 2014/15 (Proj.) Feb 41.65 45.54 11.90 33.31 0.34 Vegetable Oils 2012/13 10.23 15.57 1.39 13.03 1.16 2013/14 (Est.) 10.44 15.62 1.12 13.53 0.98 2014/15 (Proj.) Jan 10.73 15.83 1.30 13.49 1.04 2014/15 (Proj.) Feb 10.68 15.87 1.20 13.55 1.12 filler filler filler filler filler Foreign 3/ Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2012/13 382.48 442.66 81.27 346.73 63.68 2013/14 (Est.) 405.26 465.77 87.96 366.81 76.51 2014/15 (Proj.) Jan 415.02 489.99 86.52 377.85 91.98 2014/15 (Proj.) Feb 414.80 489.62 86.76 378.94 91.13 Oilmeals 2012/13 229.99 238.75 67.70 232.78 10.99 2013/14 (Est.) 242.27 249.52 71.26 244.69 12.31 2014/15 (Proj.) Jan 251.02 259.50 73.33 254.35 12.66 2014/15 (Proj.) Feb 251.96 260.67 74.35 255.97 12.46 Vegetable Oils 2012/13 150.89 163.48 67.15 144.52 16.42 2013/14 (Est.) 160.41 172.81 68.44 152.15 17.13 2014/15 (Proj.) Jan 165.33 178.50 69.59 160.05 17.05 2014/15 (Proj.) Feb 165.01 177.92 69.88 159.84 16.49 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. February 2015 WASDE - 538 - 11 U.S. Wheat Supply and Use 1/ 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Jan Feb Million Acres Area Planted 55.3 56.2 56.8 56.8 Area Harvested 48.8 45.3 46.4 46.4 Bushels Yield per Harvested Acre 46.2 47.1 43.7 43.7 Million Bushels Beginning Stocks 743 718 590 590 Production 2,252 2,135 2,026 2,026 Imports 123 169 180 160 Supply, Total 3,118 3,021 2,796 2,776 Food 945 952 960 960 Seed 73 77 74 74 Feed and Residual 370 226 150 150 Domestic, Total 1,388 1,255 1,184 1,184 Exports 1,012 1,176 925 900 Use, Total 2,400 2,431 2,109 2,084 Ending Stocks 718 590 687 692 CCC Inventory 0000 Free Stocks 718 590 687 692 Outstanding Loans 8 8 45 45 Avg. Farm Price ($/bu) 2/ 7.77 6.87 5.90 - 6.30 5.85 - 6.15 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red WinterHard Red SpringSoft Red Winter White Durum Total Millio n Bushel s 2013/14 (Est.) Beginning Stocks 343 165 124 63 23 718 Production 747 491 568 271 58 2,135 Supply, Total 3/ 1,109 733 713 341 125 3,021 Domestic Use 426 318 318 120 73 1,255 Exports 446 246 283 171 31 1,176 Use, Total 872 564 600 291 103 2,431 Ending Stocks, Total 237 169 113 50 22 590 2014/15 (Proj.) Beginning Stocks 237 169 113 50 22 590 Production 738 556 455 224 53 2,026 Supply, Total 3/ 986 795 583 283 130 2,776 Domestic Use 433 310 258 100 83 1,184 Exports 285 295 145 150 25 900 Use, Total 718 605 403 250 108 2,084 Ending Stocks, Total Feb 268 190 180 33 22 692 Ending Stocks, Total Jan 253 210 170 33 22 687 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketi ng-year weighted average price received by farmers. 3/ Includes imports. February 2015 WASDE - 538 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Jan Feb Million Acres Area Planted 109.9 109.9 103.4 103.4 Area Harvested 96.6 98.1 93.0 93.0 Metric Tons Yield per Harvested Acre 2.95 3.74 4.05 4.05 Million Metric Tons Beginning Stocks 27.8 23.5 34.3 34.3 Production 285.1 366.9 376.9 376.9 Imports 6.4 3.0 3.1 2.9 Supply, Total 319.4 393.4 414.4 414.2 Feed and Residual 115.1 133.3 139.6 138.6 Food Seed & Industrial 160.1 171.4 172.5 174.0 Domestic, Total 275.2 304.7 312.1 312.6 Exports 20.7 54.4 51.6 52.3 Use, Total 295.8 359.1 363.6 364.9 Ending Stocks 23.5 34.3 50.7 49.2 CCC Inventory 0.0 0.0 0.0 0.0 Free Stocks 23.5 34.3 50.7 49.2 Outstanding Loans 0.8 2.0 5.9 5.9 CORN 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Januar y Februar y Million Acres Area Planted 97.3 95.4 90.6 90.6 Area Harvested 87.4 87.5 83.1 83.1 Bushels Yield per Harvested Acre 123.1 158.1 171.0 171.0 Million Bushels Beginning Stocks 989 821 1,232 1,232 Production 10,755 13,829 14,216 14,216 Imports 160 36 25 25 Supply, Total 11,904 14,686 15,472 15,472 Feed and Residual 4,315 5,036 5,275 5,250 Food, Seed & Industrial 2/ 6,038 6,501 6,570 6,645 Ethanol & by-products 3/ 4,641 5,134 5,175 5,250 Domestic, Total 10,353 11,537 11,845 11,895 Exports 730 1,917 1,750 1,750 Use, Total 11,083 13,454 13,595 13,645 Ending Stocks 821 1,232 1,877 1,827 CCC Inventory 0000 Free Stocks 821 1,232 1,877 1,827 Outstanding Loans 32 76 230 230 Avg. Farm Price ($/bu) 4/ 6.89 4.46 3.35 - 3.95 3.40 - 3.90 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data-p roducts/feed-grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn glut en feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. February 2015 WASDE - 538 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Jan Feb Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 6.3 8.1 7.1 7.1 Area Harvested (mil. acres) 5.0 6.6 6.4 6.4 Yield (bushels/acre) 49.6 59.6 67.6 67.6 Beginning Stocks 23 15 34 34 Production 248 392 433 433 Imports 1 0000 Supply, Total 280 408 467 467 Feed and Residual 94 92 120 110 Food, Seed & Industrial 95 70 45 30 Total Domestic 189 162 165 140 Exports 76 212 270 300 Use, Total 265 374 435 440 Ending Stocks 15 34 32 27 Avg. Farm Price ($/bu) 2/ 6.33 4.28 3.50 - 4.10 3.55 - 4.05 Filler Filler Filler Filler Filler BARLEY 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Januar y Februar y Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.7 3.5 3.0 3.0 Area Harvested (mil. acres) 3.3 3.0 2.4 2.4 Yield (bushels/acre) 66.9 71.3 72.4 72.4 Beginning Stocks 60 80 82 82 Production 219 217 177 177 Imports 23 19 35 25 Supply, Total 302 316 294 284 Feed and Residual 66 65 50 45 Food, Seed & Industrial 147 155 152 152 Total Domestic 213 219 202 197 Exports 91 41 01 0 Use, Total 222 234 212 207 Ending Stocks 80 82 82 77 Avg. Farm Price ($/bu) 2/ 6.43 6.06 5.00 - 5.50 5.05 - 5.45 Filler Filler Filler Filler Filler OATS 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Januar y Februar y Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.7 3.0 2.7 2.7 Area Harvested (mil. acres) 1.0 1.0 1.0 1.0 Yield (bushels/acre) 61.2 64.1 67.7 67.7 Beginning Stocks 55 36 25 25 Production 61 65 70 70 Imports 93 97 100 100 Supply, Total 209 198 194 194 Feed and Residual 96 97 85 85 Food, Seed & Industrial 76 75 77 77 Total Domestic 172 172 162 162 Exports 1222 Use, Total 173 173 164 164 Ending Stocks 36 25 30 30 Avg. Farm Price ($/bu) 2/ 3.89 3.75 3.10 - 3.40 3.10 - 3.40 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing y ear beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. February 2015 WASDE - 538 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Jan Feb Million Acres Area Planted 2.70 2.49 2.94 2.94 Area Harvested 2.68 2.47 2.92 2.92 Filler Pounds Yield per Harvested Acre 7,463 7,694 7,572 7,572 Million Hundredweight Beginning Stocks 2/ 41.1 36.4 31.8 31.8 Production 199.9 190.0 221.0 221.0 Imports 21.1 23.1 22.0 23.0 Supply, Total 262.1 249.5 274.9 275.9 Domestic & Residual 3/ 119.0 124.9 131.0 131.0 Exports, Total 4/ 106.6 92.7 103.0 103.0 Rough 34.1 28.6 35.0 35.0 Milled (rough equiv.) 72.5 64.1 68.0 68.0 Use, Total 225.7 217.6 234.0 234.0 Ending Stocks 36.4 31.8 40.9 41.9 Avg. Milling Yield (%) 5/ 70.00 71.00 70.50 70.50 Avg. Farm Price ($/cwt) 6/ 15.10 16.30 13.60 - 14.60 13.70 - 14.30 Total LONG-GRAIN RICE 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Januar y Februar y Harvested Acres (mil.) 1.98 1.77 2.19 2.19 Yield (pounds/acre) 7,291 7,464 7,408 7,408 Beginning Stocks 24.3 21.9 16.2 16.2 Production 144.3 131.9 162.4 162.4 Supply, Total 7/ 187.3 173.3 198.1 198.1 Domestic & Residual 3/ 89.6 95.3 99.0 99.0 Exports 8/ 75.8 61.8 70.0 71.0 Use, Total 165.4 157.1 169.0 170.0 Ending Stocks 21.9 16.2 29.1 28.1 Avg. Farm Price ($/cwt) 6/ 14.50 15.40 11.70 - 12.70 11.90 - 12.50 Filler Filler Filler Filler Filler MEDIUM & SHORT-GRAIN RICE 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Januar y Februar y Harvested Acres (mil.) 0.70 0.70 0.73 0.73 Yield (pounds/acre) 7,951 8,270 8,068 8,068 Beginning Stocks 14.7 12.2 13.3 13.3 Production 55.7 58.1 58.7 58.7 Supply, Total 7/ 72.5 73.8 74.5 75.5 Domestic & Residual 3/ 29.4 29.6 32.0 32.0 Exports 8/ 30.8 30.9 33.0 32.0 Use, Total 60.3 60.5 65.0 64.0 Ending Stocks 12.2 13.3 9.5 11.5 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 17.40 19.20 18.00 - 19.00 17.90 - 18.70 California 10/ 18.40 20.70 N/A 19.50 - 20.50 Other States 1/ 14.70 15.70 N/A 14.80 - 15.40 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2012/13-2.1; 2013/14-2.3; 2014/15-2.3. 3/ Residual includes unreported use, processing losses, an d estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice export s are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. Data supplied by the USA Rice Federation for years prior to 2013/14. The 2013/14 milling yield is calculated using Farm Service Agency (FSA) warehouse stored loan data for long, medium, and short grain rice. The year-to-year change in the FSA average all rice milling yield is applied to the WASDE reported 2012/13 milling yield to calculate the 2013/14 forecasted average milling yield. The 2014/15 milling yield is calcula ted using the previous five-year Olympic average-- 2009/10-2013/14. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short-grain season-average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is markete d for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.70 per cwt from 2008/09-2012/13, with a high of $3.50 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. February 2015 WASDE - 538 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Jan Feb Filler Filler Filler Filler Filler Million Acres Area Planted 77.2 76.8 83.7 83.7 Area Harvested 76.1 76.3 83.1 83.1 Filler Bushels Yield per Harvested Acre 40.0 44.0 47.8 47.8 Million Bushels Beginning Stocks 169 141 92 92 Production 3,042 3,358 3,969 3,969 Imports 41 72 15 25 Supply, Total 3,252 3,570 4,076 4,086 Crushings 1,689 1,734 1,780 1,795 Exports 1,317 1,647 1,770 1,790 Seed 89 97 92 92 Residual 1 6 02 42 4 Use, Total 3,111 3,478 3,666 3,701 Ending Stocks 141 92 410 385 Avg. Farm Price ($/bu) 2/ 14.40 13.00 9.45 - 10.95 9.45 - 10.95 Total SOYBEAN OIL 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Januar y Februar y Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 2,540 1,705 1,165 1,165 Production 4/ 19,820 20,130 20,555 20,580 Imports 196 165 160 160 Supply, Total 22,555 22,000 21,880 21,905 Domestic Disappearance 18,687 18,958 18,350 18,350 Biodiesel 3/ 4,689 4,950 4,700 4,700 Food, Feed & other Industrial 13,998 14,008 13,650 13,650 Exports 2,164 1,877 2,100 2,050 Use, Total 20,850 20,835 20,450 20,400 Ending stocks 1,705 1,165 1,430 1,505 Avg. Price (c/lb) 2/ 47.13 38.23 31.00 - 35.00 30.00 - 34.00 Total SOYBEAN MEAL 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Januar y Februar y Filler 1 2 3 4 Thousand Shor t Tons Beginning Stocks 300 275 250 250 Production 4/ 39,875 40,685 42,800 43,100 Imports 245 336 250 250 Supply, Total 40,420 41,296 43,300 43,600 Domestic Disappearance 28,969 29,496 30,200 30,500 Exports 11,176 11,550 12,800 12,800 Use, Total 40,145 41,046 43,000 43,300 Ending Stocks 275 250 300 300 Avg. Price ($/s.t.) 2/ 468.11 489.94 340.00 - 380.00 350.00 - 390.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oi l, simple average of crude soybean oil, Decatur; meal , simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made fr om methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 1,725 million bushels for 2013 /14 and 1,815 million bushels for 2014/15. February 2015 WASDE - 538 - 16 U.S. Sugar Supply and Use 1/ 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Jan Feb Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 1,979 2,158 1,796 1,796 Production 2/ 8,982 8,457 8,610 8,610 Beet Sugar 5,076 4,794 4,870 4,870 Cane Sugar 3,906 3,663 3,740 3,740 Florida 1,867 1,759 1,915 1,915 Hawaii 179 168 180 180 Louisiana 1,686 1,591 1,520 1,520 Texas 173 145 125 125 Imports 3,224 3,742 3,504 3,504 TRQ 3/ 957 1,302 1,492 1,492 Other Program 4/ 136 305 400 400 Other 5/ 2,131 2,135 1,612 1,612 Mexico 2,124 2,130 1,602 1,602 Total Supply 14,184 14,357 13,910 13,910 Exports 274 306 250 250 Deliveries 11,752 12,255 11,994 11,994 Food 6/ 11,487 11,828 11,859 11,859 Other 7/ 265 427 135 135 Miscellaneous 0000 Total Use 12,026 12,561 12,244 12,244 Ending Stocks 8/ 2,158 1,796 1,666 1,666 Stocks to Use Ratio 17.9 14.3 13.6 13.6 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2013/14 and 2014/15 are based on Crop Production and processor projec tions where appropriate. 3/ For 2014/15, WTO raw sugar TRQ shortfall (99). For 2013/14, WTO raw sugar TRQ shortfa ll (237). 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ For 2012/13, other high-tier (7) and other (0). For 2013/14, other high-tier (5) and other (0). For 2014/ 15, other high-tier (10) and other (0). 6/Combines SMD deliverie s for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar-containing products for reexport, and for nonedible alcohol, feed, and ethanol. 8/ For 2012/13, includes 316 ,415 short tons, raw value, of stocks held by the Commodity Credit Corporation. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ ExportsEnding Stocks Sugar 1,000 Metric Tons, Actual Weight 2013/14 Est. Jan 1,460 6,021 131 4,271 2,511 831 2013/14 Est. Feb 1,460 6,021 131 4,271 2,511 831 2014/15 Proj. Jan 831 6,151 192 4,524 1,696 955 2014/15 Proj. Feb 831 6,151 192 4,524 1,696 955 1/ HFCS imports by Mexico (1,000 metric tons, dry basi s): Oct-Sep 2013/14 = 913, Oct-Dec 2013 = 228, Oct-Dec 2014 = 229 . Footnote source: Comite Nacional para el Desarollo Sustentabl e de la Cana de Azucar. 2/Includes domestic consumption, Mexico's products export program (IMMEX), and any residual st atistical discrepancies. IMMEX: 2013/14 (324 est), 2014/15 (324 proj). Statistical Adjustment: 2013/14 (-151), 2014/15 (0). February 2015 WASDE - 538 - 17 U.S. Cotton Supply and Use 1/ 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Jan Feb Filler Filler Filler Filler Filler Area Million Acres Planted 12.26 10.41 11.04 11.04 Harvested 9.32 7.54 9.71 9.71 Filler Pounds Yield per Harvested Acre 892 821 795 795 Million 480 Pound Bales Beginning Stocks 3.35 3.80 2.45 2.45 Production 17.31 12.91 16.08 16.08 Imports 0.01 0.01 0.01 0.01 Supply, Total 20.67 16.72 18.54 18.54 Domestic Use 3.50 3.55 3.80 3.65 Exports, Total 13.03 10.53 10.00 10.70 Use, Total 16.53 14.08 13.80 14.35 Unaccounted 2/ 0.35 0.19 0.04 -0.01 Ending Stocks 3.80 2.45 4.70 4.20 Avg. Farm Price 3/ 72.5 77.9 59.5 - 63.5 59.0 - 63.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the differe nce between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. February 2015 WASDE - 538 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 196.84 658.54 144.22 137.24 679.89 137.36 175.49 United States 20.21 61.30 3.34 10.07 37.77 27.54 19.54 Total Foreign 176.63 597.24 140.88 127.18 642.12 109.82 155.96 Major Exporters 4/ 27.23 193.31 5.91 59.06 141.79 63.85 20.81 Argentina 0.73 9.30 0.00 0.30 6.20 3.55 0.29 Australia 7.05 22.86 0.14 3.40 6.74 18.66 4.65 Canada 5.93 27.21 0.48 4.36 9.60 18.97 5.05 European Union 5/ 13.52 133.95 5.28 51.00 119.25 22.68 10.82 Major Importers 6/ 87.64 187.29 79.47 35.39 265.08 6.47 82.84 Brazil 1.75 4.38 7.36 0.20 10.90 1.58 1.00 China 55.95 121.02 2.96 25.00 125.00 0.97 53.96 Sel. Mideast 7/ 5.14 17.18 20.86 2.75 34.33 0.69 8.16 N. Africa 8/ 14.09 17.32 22.06 2.38 41.42 0.61 11.44 Pakistan 4.02 23.30 0.05 0.60 23.90 0.85 2.62 Southeast Asia 9/ 4.65 0.00 15.76 2.84 15.81 0.77 3.84 Selected Other 0.00 India 19.95 94.88 0.02 3.40 83.82 6.82 24.20 FSU-12 26.01 77.80 7.23 21.53 71.73 25.38 13.94 Russia 10.90 37.72 1.17 11.90 33.55 11.29 4.95 Kazakhstan 6.18 9.84 0.01 2.00 6.80 6.29 2.94 Ukraine 5.36 15.76 0.05 3.10 11.40 7.19 2.58 2013/14 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 175.49 716.14 156.65 130.52 704.17 165.81 187.46 United States 19.54 58.11 4.59 6.14 34.15 32.01 16.07 Total Foreign 155.96 658.03 152.06 124.38 670.02 133.79 171.40 Major Exporters 4/ 20.81 218.55 4.60 56.63 138.89 75.98 29.09 Argentina 0.29 10.50 0.02 0.10 6.05 2.20 2.56 Australia 4.65 27.01 0.15 3.60 6.95 18.62 6.24 Canada 5.05 37.53 0.45 4.93 10.14 23.24 9.65 European Union 5/ 10.82 143.51 3.98 48.00 115.75 31.93 10.64 Major Importers 6/ 82.84 194.06 87.32 32.40 265.85 5.26 93.11 Brazil 1.00 5.30 7.07 0.60 11.40 0.08 1.89 China 53.96 121.93 6.77 21.00 121.50 0.89 60.27 Sel. Mideast 7/ 8.16 18.92 20.69 3.72 37.04 0.58 10.15 N. Africa 8/ 11.44 19.72 25.24 2.68 42.42 0.50 13.48 Pakistan 2.62 24.00 0.39 0.60 24.10 0.75 2.16 Southeast Asia 9/ 3.84 0.00 16.40 2.46 15.84 0.88 3.53 Selected Other 0.00 India 24.20 93.51 0.03 4.80 94.01 5.90 17.83 FSU-12 13.94 103.87 7.39 22.85 73.08 37.10 15.02 Russia 4.95 52.09 0.80 12.50 34.10 18.53 5.21 Kazakhstan 2.94 13.94 0.01 2.00 6.80 8.10 1.99 Ukraine 2.58 22.28 0.07 3.40 11.50 9.76 3.67 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to di fferences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada , and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and South east Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, a nd Oman. 8/ Algeria, Egypt, Li bya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2015 WASDE - 538 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Jan 185.80 723.38 156.89 139.40 713.19 159.19 196.00 Feb 187.46 725.03 157.35 139.70 714.65 160.11 197.85 United States Jan 16.07 55.13 4.90 4.08 32.22 25.17 18.70 Feb 16.07 55.13 4.35 4.08 32.22 24.49 18.83 Total Foreign Jan 169.73 668.26 151.99 135.32 680.96 134.02 177.30 Feb 171.40 669.91 153.00 135.62 682.43 135.62 179.01 Major Exporters 4/ Jan 29.23 220.81 6.14 64.50 147.78 76.50 31.89 Feb 29.09 221.49 6.17 64.20 147.48 77.50 31.76 Argentina Jan 2.56 12.00 0.01 0.10 6.15 6.00 2.41 Feb 2.56 12.50 0.04 0.10 6.15 6.50 2.45 Australia Jan 6.24 24.00 0.15 3.40 6.80 17.50 6.09 Feb 6.24 24.00 0.15 3.60 7.00 17.00 6.39 Canada Jan 9.80 29.30 0.48 5.00 10.33 23.00 6.25 Feb 9.65 29.30 0.48 4.50 9.83 23.00 6.60 European Union 5/ Jan 10.64 155.51 5.50 56.00 124.50 30.00 17.14 Feb 10.64 155.69 5.50 56.00 124.50 31.00 16.32 Major Importers 6/ Jan 93.09 196.14 83.63 35.45 271.42 7.42 94.02 Feb 93.11 196.14 84.38 35.50 271.87 7.92 93.84 Brazil Jan 1.87 6.30 7.00 1.00 12.30 1.00 1.87 Feb 1.89 6.30 6.70 0.70 12.00 1.50 1.39 China Jan 60.27 126.00 1.50 23.00 124.00 1.00 62.77 Feb 60.27 126.00 1.50 23.00 124.00 1.00 62.77 Sel. Mideast 7/ Jan 10.15 17.53 23.08 4.67 38.56 1.53 10.67 Feb 10.15 17.53 23.28 4.72 38.61 1.53 10.82 N. Africa 8/ Jan 13.48 16.80 23.75 2.18 41.85 0.55 11.63 Feb 13.48 16.80 24.35 2.28 42.35 0.55 11.73 Pakistan Jan 2.16 25.00 0.70 1.20 25.10 0.70 2.06 Feb 2.16 25.00 0.75 1.20 25.10 0.70 2.11 Southeast Asia 9/ Jan 3.53 0.00 17.00 2.51 16.36 0.84 3.34 Feb 3.53 0.00 17.20 2.71 16.56 0.84 3.34 Selected Other India Jan 17.83 95.91 0.05 4.50 93.99 3.50 16.30 Feb 17.83 95.91 0.05 4.50 93.99 3.50 16.30 FSU-12 Jan 15.02 111.60 7.29 24.48 75.29 37.74 20.88 Feb 15.02 112.35 7.64 24.58 75.89 37.74 21.38 Russia Jan 5.21 59.00 0.20 13.00 35.00 20.00 9.41 Feb 5.21 59.00 0.35 13.00 35.50 20.00 9.06 Kazakhstan Jan 1.99 12.50 0.20 1.90 6.70 6.00 1.99 Feb 1.99 13.00 0.40 2.00 6.80 6.00 2.58 Ukraine Jan 3.67 24.50 0.05 4.00 12.00 11.00 5.22 Feb 3.67 24.75 0.05 4.00 12.00 11.00 5.47 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to di fferences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada , and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and South east Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, a nd Oman. 8/ Algeria, Egypt, Li bya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2015 WASDE - 538 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 168.56 1,136.27 128.77 668. 59 1,135.74 122.88 169.09 United States 27.82 285.31 6.64 115.21 275.54 20.70 23.53 Total Foreign 140.74 850.96 122.13 553.38 860.20 102.17 145.55 Major Exporters 4/ 19.38 170.21 1.97 76.93 105.23 62.11 24.22 Argentina 1.34 37.25 0.00 7.79 12.05 24.05 2.48 Australia 0.94 11.41 0.00 3.91 5.49 6.02 0.85 Brazil 9.82 84.25 1.27 47.05 55.80 24.98 14.56 Canada 3.39 24.43 0.51 12.97 20.26 4.99 3.08 Major Importers 5/ 38.90 227.34 92.11 238.36 317.44 8.10 32.81 European Union 6/ 15.60 145.89 11.85 113.68 153.10 7.36 12.88 Japan 1.09 0.18 17.74 13.22 18.03 0.00 0.98 Mexico 1.86 28.88 7.60 19.33 36.20 0.52 1.62 N. Afr & Mideast 7/ 12.56 26.48 23.53 45.85 53.03 0.13 9.41 Saudi Arabia 3.21 0.36 10.74 10.50 10.93 0.00 3.39 Southeast Asia 8/ 2.64 25.27 7.98 25.06 32.97 0.09 2.83 South Korea 1.54 0.21 8.27 6.53 8.71 0.00 1.31 Selected Other 0.00 China 60.36 212.19 5.60 146.05 209.67 0.11 68.38 FSU-12 6.16 68.22 0.73 35.55 50.21 19.87 5.04 Russia 1.81 28.66 0.34 16.40 25.13 4.30 1.38 Ukraine 2.42 29.53 0.05 10.93 14.66 15.00 2.33 2013/14 Est. Beginnin g Stock s Productio n Import sDomesti c FeedDomesti c Total 2 / Export s Endin g Stock s World 3/ 169.09 1,279.87 154.93 736. 06 1,238.36 163.80 210.60 United States 23.53 367.09 3.23 133.51 305.11 54.42 34.31 Total Foreign 145.55 912.78 151.70 602.55 933.24 109.38 176.28 Major Exporters 4/ 24.22 174.46 1.87 81.52 111.72 56.51 32.32 Argentina 2.48 35.67 0.01 8.74 13.60 20.60 3.96 Australia 0.85 12.37 0.00 3.74 5.41 6.89 0.91 Brazil 14.56 82.10 1.20 48.28 58.08 21.52 18.27 Canada 3.08 28.75 0.54 15.26 22.49 5.28 4.60 Major Importers 5/ 32.81 248.54 112.70 257.79 340.42 10.98 42.65 European Union 6/ 12.88 158.51 16.24 122.38 164.30 8.63 14.70 Japan 0.98 0.19 17.50 12.88 17.69 0.00 0.98 Mexico 1.62 32.02 11.32 23.62 40.89 0.50 3.58 N. Afr & Mideast 7/ 9.41 30.22 29.94 49.13 56.64 0.31 12.62 Saudi Arabia 3.39 0.36 12.10 10.93 11.35 0.00 4.50 Southeast Asia 8/ 2.83 26.94 10.54 26.86 34.96 1.55 3.80 South Korea 1.31 0.21 10.50 7.81 10.11 0.00 1.91 Selected Other 0.00 China 68.38 225.07 12.45 161.78 227.60 0.03 78.26 FSU-12 5.04 87.63 0.73 40.12 55.98 30.72 6.70 Russia 1.38 35.74 0.21 18.80 28.52 6.95 1.86 Ukraine 2.33 39.92 0.08 12.32 16.23 22.77 3.33 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjust ed to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in som e countries. 4/ Argentina, Australia, Canada, Brazil, a nd South Africa. 5/ The European Union, Me xico, Japan, selected North Africa and Midd le East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Mala ysia, Philippines, Thailand, and Vietnam. February 2015 WASDE - 538 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Jan 208.81 1,272.34 145.16 758. 80 1,257.24 148.07 223.90 Feb 210.60 1,275.49 147.79 760. 30 1,262.03 152.26 224.06 United States Jan 34.31 377.12 3.36 139.79 312.49 51.56 50.74 Feb 34.31 377.12 3.14 138.80 313.01 52.33 49.24 Total Foreign Jan 174.49 895.22 141.80 619.01 944.75 96.51 173.16 Feb 176.28 898.37 144.65 621.50 949.01 99.94 174.83 Major Exporters 4/ Jan 30.47 154.15 2.36 82.34 112.93 45.65 28.40 Feb 32.32 155.45 2.86 82.82 113.86 47.75 29.01 Argentina Jan 3.35 29.22 0.01 9.17 14.13 14.81 3.64 Feb 3.96 30.52 0.01 9.17 14.43 16.51 3.55 Australia Jan 0.91 11.21 0.00 4.21 5.89 5.60 0.63 Feb 0.91 11.21 0.00 4.21 5.89 5.60 0.63 Brazil Jan 18.07 77.71 1.21 49.78 59.60 19.52 17.87 Feb 18.27 77.71 1.21 49.78 59.60 19.52 18.07 Canada Jan 4.60 21.92 1.04 13.46 20.86 3.50 3.19 Feb 4.60 21.92 1.54 14.04 21.49 3.60 2.96 Major Importers 5/ Jan 42.72 253.20 101.32 261.69 345.15 10.90 41.19 Feb 42.65 253.40 102.37 262.94 346.40 10.90 41.12 European Union 6/ Jan 14.70 168.05 7.23 121.75 163.87 9.65 16.46 Feb 14.70 168.25 8.28 122.80 164.92 9.65 16.66 Japan Jan 0.97 0.18 17.79 13.18 17.99 0.00 0.95 Feb 0.98 0.17 17.79 13.18 17.99 0.00 0.95 Mexico Jan 3.66 31.34 11.20 24.42 41.94 0.50 3.76 Feb 3.58 31.14 11.20 24.42 41.94 0.50 3.48 N. Afr & Mideast 7/ Jan 12.62 25.19 30.77 50.57 58.33 0.11 10.13 Feb 12.62 25.39 30.77 50.77 58.53 0.11 10.13 Saudi Arabia Jan 4.50 0.36 11.05 11.45 11.93 0.00 3.99 Feb 4.50 0.36 11.05 11.45 11.93 0.00 3.99 Southeast Asia 8/ Jan 3.80 27.74 9.24 27.99 36.19 0.64 3.95 Feb 3.80 27.74 9.24 27.99 36.19 0.64 3.95 South Korea Jan 1.90 0.21 9.69 8.05 10.32 0.00 1.48 Feb 1.91 0.21 9.69 8.05 10.32 0.00 1.49 Selected Other China Jan 78.26 222.15 12.83 167.38 233.43 0.13 79.69 Feb 78.26 222.15 14.13 168.18 234.23 0.13 80.19 FSU-12 Jan 6.70 90.27 0.78 43.86 60.32 28.95 8.48 Feb 6.70 91.43 0.78 43.88 60.12 30.28 8.51 Russia Jan 1.86 41.00 0.18 22.10 32.60 7.41 3.02 Feb 1.86 40.55 0.18 22.10 32.40 7.01 3.17 Ukraine Jan 3.33 37.79 0.06 12.83 16.56 20.66 3.96 Feb 3.33 39.35 0.06 12.85 16.59 22.39 3.76 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjust ed to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Uni on, Mexico, Japan, selected No rth Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Al geria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tuni sia, and Turkey. 8/ Indonesia, Malaysia, Philippi nes, Thailand, and Vietnam. February 2015 WASDE - 538 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 /ExportsEnding Stocks World 3/ 134.53 868.00 99.42 517.67 864.46 95.16 138.06 United States 25.12 273.19 4.06 109.60 262.97 18.55 20.86 Total Foreign 109.41 594.80 95.36 408.07 601.49 76.61 117.20 Major Exporters 4/ 13.79 120.87 0.97 54.90 71.40 45.69 18.53 Argentina 0.90 27.00 0.00 5.30 7.90 18.69 1.32 Brazil 9.21 81.50 0.89 44.50 52.50 24.95 14.15 South Africa 3.68 12.37 0.08 5.10 11.00 2.06 3.06 Major Importers 5/ 15.36 111.65 56.87 119.58 168.81 2.82 12.26 Egypt 2.22 5.80 5.06 10.00 12.00 0.01 1.07 European Union 6/ 6.68 58.90 11.36 53.00 69.60 2.19 5.15 Japan 0.61 0.00 14.41 10.00 14.50 0.00 0.52 Mexico 1.32 21.59 5.68 11.00 27.00 0.52 1.06 Southeast Asia 7/ 2.64 25.22 7.96 25.00 32.90 0.09 2.82 South Korea 1.48 0.08 8.17 6.48 8.48 0.00 1.26 Selected Other 0.00 Canada 1.37 13.06 0.48 6.28 11.61 1.75 1.55 China 59.34 205.61 2.70 144.00 200.00 0.08 67.57 FSU-12 2.45 32.31 0.34 15.52 18.09 15.00 2.00 Ukraine 1.05 20.92 0.04 6.80 8.10 12.73 1.19 2013/14 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ ExportsEnding Stocks World 3/ 138.06 989.04 122.16 573.10 953.30 130.58 173.80 United States 20.86 351.27 0.91 127.92 293.05 48.70 31.29 Total Foreign 117.20 637.77 121.25 445.19 660.26 81.87 142.51 Major Exporters 4/ 18.53 120.48 0.83 57.20 75.30 40.20 24.34 Argentina 1.32 26.00 0.01 5.80 8.80 16.50 2.02 Brazil 14.15 79.50 0.80 46.00 55.00 21.50 17.95 South Africa 3.06 14.98 0.03 5.40 11.50 2.20 4.37 Major Importers 5/ 12.26 120.01 75.83 133.46 185.62 4.45 18.03 Egypt 1.07 5.80 8.50 11.00 13.20 0.01 2.16 European Union 6/ 5.15 64.26 15.92 58.00 76.50 2.40 6.42 Japan 0.52 0.00 15.12 10.60 15.10 0.00 0.55 Mexico 1.06 22.88 10.95 15.20 31.70 0.50 2.69 Southeast Asia 7/ 2.82 26.89 10.53 26.80 34.90 1.53 3.80 South Korea 1.26 0.08 10.41 7.76 9.89 0.00 1.86 Selected Other 0.00 Canada 1.55 14.19 0.51 7.52 12.70 1.95 1.60 China 67.57 218.49 3.28 154.00 212.00 0.02 77.32 FSU-12 2.00 46.90 0.42 18.67 21.44 24.65 3.24 Ukraine 1.19 30.90 0.05 8.50 9.90 20.00 2.24 1/ Aggregate of local marketing years. 2/ Total forei gn and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Mala ysia, Philippines, Thailand, and Vietnam. February 2015 WASDE - 538 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Jan 172.23 988.08 110.10 594.23 971.16 112.34 189.15 Feb 173.80 991.29 112.10 595.54 975.45 115.14 189.64 United States Jan 31.29 361.09 0.64 133.99 300.88 44.45 47.69 Feb 31.29 361.09 0.64 133.36 302.15 44.45 46.42 Total Foreign Jan 140.93 626.99 109.46 460.24 670.28 67.89 141.46 Feb 142.51 630.20 111.46 462.19 673.30 70.69 143.22 Major Exporters 4/ Jan 22.71 110.50 0.84 59.20 77.50 33.70 22.84 Feb 24.34 111.50 0.84 59.10 77.70 35.50 23.48 Argentina Jan 1.62 22.00 0.01 6.10 9.20 12.00 2.43 Feb 2.02 23.00 0.01 6.10 9.40 13.50 2.13 Brazil Jan 17.75 75.00 0.80 47.50 56.50 19.50 17.55 Feb 17.95 75.00 0.80 47.50 56.50 19.50 17.75 South Africa Jan 3.34 13.50 0.03 5.60 11.80 2.20 2.86 Feb 4.37 13.50 0.03 5.50 11.80 2.50 3.60 Major Importers 5/ Jan 18.10 130.61 63.80 137.50 190.58 3.65 18.29 Feb 18.03 131.01 64.80 138.80 191.88 3.65 18.32 filler filler filler filler filler filler filler Egypt Jan 2.16 5.75 7.50 11.50 13.80 0.01 1.60 Feb 2.16 5.75 7.50 11.50 13.80 0.01 1.60 European Union 6/ Jan 6.42 73.96 7.00 58.50 77.50 2.50 7.38 Feb 6.42 74.16 8.00 59.50 78.50 2.50 7.58 Japan Jan 0.55 0.00 15.40 10.90 15.40 0.00 0.55 Feb 0.55 0.00 15.40 10.90 15.40 0.00 0.55 Mexico Jan 2.77 23.00 10.90 16.50 33.25 0.50 2.92 Feb 2.69 23.20 10.90 16.80 33.55 0.50 2.74 Southeast Asia 7/ Jan 3.80 27.68 9.20 27.90 36.10 0.64 3.95 Feb 3.80 27.68 9.20 27.90 36.10 0.64 3.95 South Korea Jan 1.85 0.08 9.60 8.00 10.10 0.00 1.42 Feb 1.86 0.08 9.60 8.00 10.10 0.00 1.43 Selected Other Canada Jan 1.59 11.50 1.00 7.00 12.40 0.50 1.19 Feb 1.60 11.50 1.50 7.50 12.90 0.50 1.20 China Jan 77.32 215.50 2.00 158.00 216.00 0.10 78.72 Feb 77.32 215.50 2.50 158.00 216.00 0.10 79.22 FSU-12 Jan 3.24 42.66 0.42 20.29 23.16 19.84 3.32 Feb 3.24 43.77 0.42 20.39 23.26 20.84 3.33 Ukraine Jan 2.24 27.00 0.05 9.00 10.40 16.50 2.39 Feb 2.24 28.45 0.05 9.00 10.40 18.00 2.34 1/ Aggregate of local marketing years. 2/ Total foreign a nd world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not ba lance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Ar gentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast As ia. 6/ Trade excludes intra-tr ade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2015 WASDE - 538 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ 106.83 472.00 36.41 468.63 39.25 110.20 United States 1.30 6.35 0.67 3.78 3.39 1.16 Total Foreign 105.53 465.65 35.74 464.86 35.87 109.04 Major Exporters 4/ 36.81 158.78 0.75 128.85 27.87 39.61 India 25.10 105.24 0.00 94.03 10.87 25.44 Pakistan 0.55 5.80 0.05 2.32 3.58 0.50 Thailand 9.33 20.20 0.60 10.60 6.72 12.81 Vietnam 1.83 27.54 0.10 21.90 6.70 0.86 Major Importers 5/ 12.93 62.72 13.13 75.45 1.07 12.27 Brazil 0.54 8.04 0.64 7.85 0.84 0.53 European Union 6/ 1.15 2.10 1.40 3.25 0.20 1.19 Indonesia 7.40 36.55 0.65 38.13 0.00 6.48 Nigeria 1.02 2.37 2.80 5.30 0.00 0.89 Philippines 1.51 11.43 1.40 12.85 0.00 1.49 Sel. Mideast 7/ 0.97 1.77 4.84 6.05 0.00 1.52 Selected Other 0.00 Burma 0.40 11.72 0.00 10.40 1.16 0.55 C. Amer & Carib 8/ 0.43 1.65 1.42 3.14 0.01 0.35 China 45.02 143.00 3.14 144.00 0.34 46.83 Egypt 0.49 4.68 0.02 4.05 0.70 0.43 Japan 2.75 7.76 0.69 8.25 0.20 2.74 Mexico 0.15 0.13 0.74 0.84 0.00 0.19 South Korea 0.76 4.01 0.51 4.49 0.00 0.78 2013/14 Est. Beginning Stocks Production ImportsTotal /2 Domestic ExportsEnding Stocks World 3/ 110.20 477.08 39.06 480.48 42.07 106.79 United States 1.16 6.12 0.73 4.00 2.99 1.03 Total Foreign 109.04 470.96 38.33 476.49 39.08 105.77 Major Exporters 4/ 39.61 161.86 0.63 134.69 30.84 36.57 India 25.44 106.54 0.00 99.18 10.15 22.65 Pakistan 0.50 6.70 0.03 2.63 3.40 1.20 Thailand 12.81 20.46 0.30 10.88 10.97 11.72 Vietnam 0.86 28.16 0.30 22.00 6.33 1.00 Major Importers 5/ 12.27 63.67 13.08 76.58 1.19 11.25 Brazil 0.53 8.30 0.70 7.90 0.90 0.73 European Union 6/ 1.19 1.97 1.53 3.25 0.25 1.19 Indonesia 6.48 36.30 1.23 38.50 0.00 5.50 Nigeria 0.89 2.77 2.80 5.80 0.00 0.66 Philippines 1.49 11.86 1.20 12.85 0.00 1.70 Sel. Mideast 7/ 1.52 1.95 4.10 6.23 0.00 1.35 Selected Other 0.00 Burma 0.55 11.96 0.00 10.45 1.55 0.51 C. Amer & Carib 8/ 0.35 1.72 1.48 3.21 0.01 0.33 China 46.83 142.53 4.02 146.30 0.26 46.81 Egypt 0.43 4.75 0.04 4.00 0.60 0.61 Japan 2.74 7.83 0.65 8.25 0.20 2.78 Mexico 0.19 0.13 0.69 0.86 0.00 0.15 South Korea 0.78 4.23 0.31 4.46 0.00 0.86 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World impor ts and exports may not balance due to differen ces in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philipp ines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ C entral American and Caribbean countries. February 2015 WASDE - 538 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ Jan 106.86 475.47 39.57 483.33 42.57 99.00 Feb 106.79 474.56 39.50 483.13 42.17 98.22 United States Jan 1.03 7.07 0.70 4.19 3.29 1.31 filler filler filler filler filler filler Feb 1.03 7.07 0.73 4.19 3.29 1.34 Total Foreign Jan 105.84 468.40 38.87 479.14 39.28 97.69 filler filler filler filler filler filler Feb 105.77 467.49 38.77 478.94 38.88 96.88 Major Exporters 4/ Jan 36.42 157.25 0.73 134.50 30.60 29.30 Feb 36.57 156.25 0.73 134.65 30.30 28.60 India Jan 22.50 102.00 0.00 99.00 8.70 16.80 Feb 22.65 102.00 0.00 99.15 8.70 16.80 filler filler filler filler filler filler Pakistan Jan 0.70 6.50 0.03 2.70 3.90 0.63 Feb 1.20 6.50 0.03 2.70 3.90 1.13 Thailand Jan 12.39 20.50 0.30 10.90 11.30 10.99 Feb 11.72 19.50 0.30 10.90 11.00 9.62 Vietnam Jan 0.82 28.25 0.40 21.90 6.70 0.87 Feb 1.00 28.25 0.40 21.90 6.70 1.05 Major Importers 5/ Jan 11.57 63.90 14.70 78.16 1.15 10.86 Feb 11.25 63.99 14.50 78.07 1.15 10.52 Brazil Jan 0.73 8.30 0.70 7.90 0.90 0.93 filler filler filler filler filler filler Feb 0.73 8.30 0.70 7.90 0.90 0.93 European Union 6/ Jan 1.19 1.97 1.50 3.26 0.22 1.18 Feb 1.19 1.97 1.50 3.26 0.22 1.18 Indonesia Jan 5.50 36.50 1.30 39.20 0.00 4.10 Feb 5.50 36.50 1.30 39.20 0.00 4.10 Nigeria Jan 0.66 2.55 3.50 6.10 0.00 0.61 Feb 0.66 2.55 3.50 6.10 0.00 0.61 Philippines Jan 1.95 12.20 1.60 13.20 0.00 2.55 Feb 1.70 12.20 1.60 13.20 0.00 2.30 Sel. Mideast 7/ Jan 1.38 1.85 4.48 6.38 0.00 1.34 Feb 1.35 1.95 4.28 6.28 0.00 1.29 Selected Other Burma Jan 0.51 12.15 0.00 10.70 1.55 0.41 Feb 0.51 12.15 0.00 10.70 1.55 0.41 C. Amer & Carib 8/ Jan 0.35 1.77 1.56 3.32 0.01 0.34 Feb 0.33 1.77 1.56 3.31 0.01 0.33 China Jan 46.81 144.50 4.00 148.00 0.40 46.91 Feb 46.81 144.50 4.00 148.00 0.40 46.91 Egypt Jan 0.60 4.50 0.03 4.00 0.50 0.63 Feb 0.61 4.50 0.03 4.00 0.50 0.64 Japan Jan 2.78 7.70 0.70 8.20 0.20 2.78 Feb 2.78 7.68 0.70 8.20 0.20 2.76 Mexico Jan 0.15 0.15 0.78 0.89 0.00 0.18 Feb 0.15 0.16 0.78 0.89 0.00 0.19 South Korea Jan 0.86 4.24 0.41 4.45 0.00 1.06 Feb 0.86 4.24 0.41 4.45 0.00 1.06 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-28. 6/ Tr ade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. February 2015 WASDE - 538 - 26 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2012/13 Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World 73.81 123.58 46.30 107.78 46.76 -0.83 89.97 United States 3.35 17.31 0.01 3.50 13.03 0.35 3.80 Total Foreign 70.46 106.27 46.29 104.28 33.74 -1.18 86.17 Major Exporters 4/ 29.14 53.46 1.59 30.69 29.13 -1.32 25.68 Central Asia 5/ 3.09 7.27 3 / 2.33 5.32 0.00 2.71 Afr. Fr. Zone 6/ 1.12 4.25 3 / 0.17 4.14 0.00 1.07 S. Hemis 7/ 13.60 12.23 0.17 5.22 11.48 -0.33 9.62 Australia 3.81 4.60 3 / 0.04 6.17 -0.20 2.40 Brazil 7.99 6.00 0.07 4.10 4.31 -0.15 5.80 India 10.87 28.50 1.19 21.85 7.76 -1.00 11.95 Major Importers 8/ 39.19 49.63 41.97 69.26 2.71 0.14 58.69 Mexico 0.71 1.04 0.95 1.80 0.23 0.03 0.65 China 31.08 35.00 20.33 36.00 0.05 0.00 50.36 European Union 9/ 0.69 1.49 0.92 0.92 1.58 0.05 0.56 Turkey 1.24 2.65 3.69 6.05 0.22 0.00 1.32 Pakistan 2.84 9.30 1.80 10.75 0.45 0.03 2.71 Indonesia 0.53 0.03 3.14 3.05 0.01 0.00 0.64 Thailand 0.26 3 / 1.51 1.50 0.01 0.03 0.24 Bangladesh 0.87 0.11 3.90 3.90 0.00 0.01 0.97 Vietnam 0.32 0.02 2.41 2.25 0.00 0.00 0.49 2013/14 Est. Beginning Stocks Production ImportsDomestic Use ExportsLoss /2 Ending Stocks World 89.97 120.44 40.58 109.10 40.73 -0.49 101.66 United States 3.80 12.91 0.01 3.55 10.53 0.19 2.45 Total Foreign 86.17 107.53 40.57 105.55 30.20 -0.69 99.21 Major Exporters 4/ 25.68 57.01 1.31 32.28 25.91 -0.83 26.63 Central Asia 5/ 2.71 6.55 3 / 2.41 4.33 0.00 2.52 Afr. Fr. Zone 6/ 1.07 4.37 3 / 0.17 4.10 0.00 1.16 S. Hemis 7/ 9.62 14.06 0.23 5.35 7.83 -0.34 11.07 Australia 2.40 4.10 3 / 0.04 4.85 -0.20 1.81 Brazil 5.80 8.00 0.15 4.20 2.23 -0.15 7.67 India 11.95 31.00 0.68 23.35 9.26 -0.50 11.52 Major Importers 8/ 58.69 47.23 36.31 68.81 2.55 0.14 70.73 Mexico 0.65 0.92 1.04 1.85 0.16 0.03 0.58 China 50.36 32.75 14.12 34.50 0.03 0.00 62.71 European Union 9/ 0.56 1.60 0.87 0.90 1.51 0.05 0.56 Turkey 1.32 2.30 4.25 6.30 0.20 0.00 1.36 Pakistan 2.71 9.50 1.20 10.40 0.51 0.03 2.48 Indonesia 0.64 0.03 2.99 3.05 0.01 0.00 0.60 Thailand 0.24 3 / 1.55 1.55 0.00 0.03 0.22 Bangladesh 0.97 0.12 4.10 4.15 0.00 0.01 1.02 Vietnam 0.49 0.02 3.20 3.20 0.00 0.00 0.51 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketi ng channel; for Australia, Brazil, China, and the United States, r eflects the difference between implicit stocks base d on supply less total use and indicated endi ng stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kaza khstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Re public, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Austra lia, Brazil, Paraguay, South Africa, Tanzan ia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes H ong Kong, Japan, Russia, South Korea, a nd Taiwan. 9/ Includes intra-EU trade. February 2015 WASDE - 538 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2014/15 Proj. Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World Jan 101.66 119.17 33.99 112.24 33.99 -0.04 108.64 Feb 101.66 119.37 34.20 111.25 34.24 -0.09 109.84 United States Jan 2.45 16.08 0.01 3.80 10.00 0.04 4.70 Feb 2.45 16.08 0.01 3.65 10.70 -0.01 4.20 Total Foreign Jan 99.21 103.08 33.98 108.44 23.99 -0.09 103.94 Feb 99.21 103.29 34.19 107.60 23.54 -0.09 105.64 filler filler filler filler filler filler filler Major Exporters 4/ Jan 26.63 53.32 1.69 32.61 19.82 -0.23 29.43 Feb 26.63 53.42 1.69 32.61 19.30 -0.23 30.05 Central Asia 5/ Jan 2.52 6.26 3 / 2.40 3.55 0.00 2.83 Feb 2.52 6.31 3 / 2.40 3.55 0.00 2.88 Afr. Fr. Zone 6/ Jan 1.16 4.71 3 / 0.16 4.10 0.00 1.61 Feb 1.16 4.71 3 / 0.16 4.05 0.00 1.66 S. Hemis 7/ Jan 11.07 11.03 0.24 5.15 7.20 -0.24 10.22 Feb 11.07 11.08 0.24 5.15 7.22 -0.24 10.25 Australia Jan 1.81 2.20 3 / 0.04 3.00 -0.10 1.07 Feb 1.81 2.20 3 / 0.04 3.00 -0.10 1.07 Brazil Jan 7.67 7.00 0.15 4.00 3.40 -0.15 7.57 Feb 7.67 7.00 0.15 4.00 3.40 -0.15 7.57 India Jan 11.52 30.50 1.10 24.00 4.70 0.00 14.42 Feb 11.52 30.50 1.10 24.00 4.20 0.00 14.92 filler filler filler filler filler filler filler Major Importers 8/ Jan 70.73 46.40 29.21 71.36 2.45 0.14 72.41 Feb 70.73 46.52 29.42 70.52 2.52 0.14 73.49 Mexico Jan 0.58 1.22 1.03 1.88 0.18 0.03 0.75 Feb 0.58 1.22 0.95 1.85 0.18 0.03 0.70 China Jan 62.71 30.00 7.00 36.50 0.05 0.00 63.16 Feb 62.71 30.00 7.30 35.50 0.05 0.00 64.46 European Union 9/ Jan 0.56 1.62 0.86 0.92 1.40 0.05 0.67 Feb 0.56 1.54 0.84 0.90 1.33 0.05 0.66 Turkey Jan 1.36 3.20 3.60 6.40 0.23 0.00 1.53 Feb 1.36 3.20 3.60 6.40 0.23 0.00 1.53 Pakistan Jan 2.48 10.20 1.00 10.50 0.45 0.03 2.70 Feb 2.48 10.40 0.80 10.50 0.60 0.03 2.55 Indonesia Jan 0.60 0.03 3.15 3.10 0.01 0.00 0.67 Feb 0.60 0.03 3.25 3.20 0.01 0.00 0.67 Thailand Jan 0.22 3 / 1.48 1.45 0.01 0.03 0.21 Feb 0.22 3 / 1.48 1.45 0.01 0.03 0.21 Bangladesh Jan 1.02 0.12 4.45 4.35 0.00 0.01 1.23 Feb 1.02 0.12 4.45 4.35 0.00 0.01 1.23 Vietnam Jan 0.51 0.02 3.60 3.40 0.00 0.00 0.72 Feb 0.51 0.02 3.80 3.55 0.00 0.00 0.77 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketi ng channel; for Australia, Brazil, China, and the United States, r eflects the difference between implicit stocks based on supply less total use a nd indicated ending stocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenist an, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions liste d, includes Hong Kong, Japan, Russia, South Kor ea, and Taiwan. 9/ Includes intra-EU trade. February 2015 WASDE - 538 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Domestic CrushDomestic TotalExports Ending Stocks World 2/ 54.34 268.77 95.89 230.19 261.18 100.53 57.29 United States 4.61 82.79 1.10 45.97 48.83 35.85 3.83 Total Foreign 49.73 185.97 94.79 184.22 212.34 64.69 53.46 Major Exporters 3/ 29.71 143.15 0.42 71.90 77.39 58.69 37.21 Argentina 16.30 49.30 0.00 33.61 36.05 7.74 21.81 Brazil 13.02 82.00 0.40 35.24 38.19 41.90 15.33 Paraguay 0.36 8.20 0.03 2.95 3.03 5.52 0.04 Major Importers 4/ 17.26 15.33 84.23 86.63 103.21 0.38 13.23 China 15.91 13.05 59.87 64.95 76.18 0.27 12.38 European Union 0.80 0.95 12.54 13.23 13.96 0.09 0.23 Japan 0.13 0.24 2.83 1.92 3.01 0.00 0.18 Mexico 0.13 0.25 3.41 3.65 3.69 0.00 0.10 2013/14 Est. Beginnin g Stock s Productio n Import sDomesti c CrushDomesti c Total Export sEndin g Stock s World 2/ 57.29 283.74 110.85 240.80 272.90 112.72 66.25 United States 3.83 91.39 1.95 47.19 49.85 44.82 2.50 Total Foreign 53.46 192.35 108.90 193.61 223.06 67.91 63.75 Major Exporters 3/ 37.21 152.40 0.63 76.10 82.05 62.41 45.78 Argentina 21.81 54.00 0.00 36.17 38.97 7.84 29.00 Brazil 15.33 86.70 0.61 36.28 39.28 46.83 16.53 Paraguay 0.04 8.20 0.03 3.50 3.64 4.40 0.23 Major Importers 4/ 13.23 14.78 95.97 91.34 108.37 0.29 15.31 China 12.38 12.20 70.36 68.85 80.30 0.22 14.43 European Union 0.23 1.23 12.99 13.59 14.17 0.06 0.22 Japan 0.18 0.20 2.89 1.94 3.05 0.00 0.23 Mexico 0.10 0.25 3.70 3.90 3.94 0.00 0.12 2014/15 Proj. Beginnin g Stock s Productio n Import s Domesti c CrushDomesti c Total Export s Endin g Stock s World 2/ Jan 66.16 314.37 112.99 252.53 286.25 116.49 90.78 Feb 66.25 315.06 113.66 254.52 288.53 117.18 89.26 United States Jan 2.50 108.01 0.41 48.44 51.60 48.17 11.16 Feb 2.50 108.01 0.68 48.85 52.00 48.72 10.48 Total Foreign Jan 63.66 206.36 112.58 204.08 234.66 68.32 79.62 Feb 63.75 207.04 112.98 205.66 236.53 68.47 78.78 Major Exporters 3/ Jan 45.78 162.40 0.58 79.45 85.91 61.70 61.15 Feb 45.78 162.40 0.58 80.58 87.04 61.70 60.02 Argentina Jan 29.00 55.00 0.00 38.05 41.15 8.00 34.85 Feb 29.00 56.00 0.00 39.18 42.28 8.00 34.72 Brazil Jan 16.53 95.50 0.55 37.60 40.75 46.00 25.83 Feb 16.53 94.50 0.55 37.60 40.75 46.00 24.83 Paraguay Jan 0.23 8.50 0.03 3.60 3.79 4.52 0.45 Feb 0.23 8.50 0.03 3.60 3.79 4.52 0.45 Major Importers 4/ Jan 15.31 14.89 100.25 97.67 114.89 0.38 15.18 Feb 15.31 15.44 100.25 97.67 115.19 0.43 15.38 China Jan 14.43 11.80 74.00 74.50 85.90 0.30 14.03 Feb 14.43 12.35 74.00 74.50 86.20 0.35 14.23 European Union Jan 0.22 1.72 12.75 13.60 14.28 0.06 0.34 Feb 0.22 1.72 12.75 13.60 14.28 0.06 0.34 Japan Jan 0.23 0.21 2.90 1.97 3.07 0.00 0.27 Feb 0.23 0.21 2.90 1.97 3.07 0.00 0.27 Mexico Jan 0.12 0.29 3.95 4.20 4.24 0.00 0.12 Feb 0.12 0.29 3.95 4.20 4.24 0.00 0.12 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an Octobe r-September year. 2/ World i mports and exports may not balance due to differences in local marketing years and to time lags be tween reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japa n, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Phil ippines, Vietnam, and Thailand). February 2015 WASDE - 538 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 10.01 181.29 53.89 177.49 57.94 9.77 United States 0.27 36.17 0.22 26.28 10.14 0.25 Total Foreign 9.74 145.11 53.67 151.21 47.80 9.52 Major Exporters 3/ 6.38 61.32 0.04 19.29 41.26 7.19 Argentina 2.92 26.09 0.00 1.60 23.67 3.74 Brazil 3.20 27.31 0.03 14.20 13.24 3.10 India 0.26 7.92 0.01 3.49 4.35 0.35 Major Importers 4/ 1.55 14.14 31.17 45.28 0.57 1.00 European Union 0.44 10.43 16.94 27.12 0.54 0.15 Southeast Asia 5/ 0.90 2.26 12.47 14.80 0.04 0.78 2013/14 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 9.77 189.09 58.04 186.31 60.02 10.58 United States 0.25 36.91 0.31 26.76 10.48 0.23 Total Foreign 9.52 152.19 57.74 159.55 49.54 10.35 Major Exporters 3/ 7.19 62.51 0.03 20.25 41.66 7.82 Argentina 3.74 27.89 0.00 1.80 24.97 4.86 Brazil 3.10 27.98 0.03 14.40 13.95 2.76 India 0.35 6.64 0.01 4.05 2.74 0.20 Major Importers 4/ 1.00 14.60 33.89 47.91 0.38 1.20 European Union 0.15 10.74 18.18 28.50 0.31 0.26 Southeast Asia 5/ 0.78 2.40 13.74 16.00 0.07 0.85 2014/15 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Jan 10.42 199.49 60.29 195.56 63.51 11.14 Feb 10.58 200.92 61.62 197.61 64.57 10.94 United States Jan 0.23 38.83 0.23 27.40 11.61 0.27 Feb 0.23 39.10 0.23 27.67 11.61 0.27 Total Foreign Jan 10.19 160.67 60.06 168.16 51.90 10.87 Feb 10.35 161.82 61.39 169.94 52.96 10.66 Major Exporters 3/ Jan 7.89 65.38 0.03 21.00 44.48 7.82 Feb 7.82 66.11 0.03 21.27 45.18 7.52 Argentina Jan 4.93 29.58 0.00 2.00 27.83 4.68 Feb 4.86 30.39 0.00 2.10 28.83 4.32 Brazil Jan 2.76 29.00 0.03 14.78 14.10 2.90 Feb 2.76 29.00 0.03 14.78 14.10 2.90 India Jan 0.20 6.80 0.01 4.22 2.55 0.24 Feb 0.20 6.72 0.01 4.39 2.25 0.29 Major Importers 4/ Jan 1.07 14.89 35.18 49.24 0.46 1.45 Feb 1.20 14.89 36.18 50.31 0.46 1.50 European Union Jan 0.26 10.75 19.30 29.44 0.39 0.48 Feb 0.26 10.75 19.30 29.44 0.39 0.48 Southeast Asia 5/ Jan 0.72 2.65 13.78 16.19 0.07 0.89 Feb 0.85 2.65 14.78 17.27 0.07 0.94 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Ar gentina, Brazil, and India. 4/ European Union, Southeast Asia , and Japan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. February 2015 WASDE - 538 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 4.08 43.10 8.46 42.61 9.36 3.67 United States 1.15 8.99 0.09 8.48 0.98 0.77 Total Foreign 2.93 34.11 8.37 34.13 8.38 2.89 Major Exporters 3/ 1.07 15.64 0.40 9.72 6.51 0.88 Argentina 0.32 6.36 0.09 2.28 4.24 0.26 Brazil 0.42 6.76 0.01 5.53 1.25 0.40 European Union 0.33 2.51 0.30 1.91 1.01 0.22 Major Importers 4/ 1.07 13.79 3.88 17.18 0.16 1.41 China 0.62 11.63 1.41 12.55 0.08 1.02 India 0.36 1.75 1.09 2.95 0.00 0.25 North Africa 5/ 0.10 0.41 1.39 1.68 0.08 0.14 2013/14 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 3.67 44.93 9.20 45.22 9.35 3.22 United States 0.77 9.13 0.08 8.60 0.85 0.53 Total Foreign 2.89 35.80 9.12 36.62 8.50 2.69 Major Exporters 3/ 0.88 16.33 0.33 10.47 6.24 0.83 Argentina 0.26 6.79 0.01 2.73 4.09 0.24 Brazil 0.40 6.96 0.00 5.77 1.38 0.22 European Union 0.22 2.58 0.32 1.98 0.77 0.37 Major Importers 4/ 1.41 14.23 4.48 18.61 0.20 1.31 China 1.02 12.34 1.35 13.66 0.09 0.96 India 0.25 1.48 1.83 3.30 0.00 0.26 North Africa 5/ 0.14 0.42 1.30 1.65 0.11 0.10 2014/15 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Jan 3.21 47.15 9.20 46.73 9.45 3.39 Feb 3.22 47.44 9.21 46.65 9.67 3.55 United States Jan 0.53 9.32 0.07 8.32 0.95 0.65 Feb 0.53 9.34 0.07 8.32 0.93 0.68 Total Foreign Jan 2.68 37.83 9.13 38.40 8.49 2.74 Feb 2.69 38.10 9.13 38.32 8.74 2.87 Major Exporters 3/ Jan 0.84 17.06 0.31 11.05 6.32 0.84 Feb 0.83 17.24 0.32 11.00 6.45 0.94 Argentina Jan 0.25 7.26 0.00 2.94 4.35 0.22 Feb 0.24 7.44 0.01 2.89 4.48 0.32 Brazil Jan 0.22 7.22 0.00 6.04 1.17 0.22 Feb 0.22 7.22 0.00 6.04 1.17 0.22 European Union Jan 0.37 2.58 0.31 2.07 0.80 0.40 Feb 0.37 2.58 0.31 2.07 0.80 0.40 Major Importers 4/ Jan 1.31 15.30 4.29 19.44 0.18 1.28 Feb 1.31 15.30 4.29 19.44 0.18 1.28 China Jan 0.96 13.34 1.00 14.26 0.08 0.96 Feb 0.96 13.34 1.00 14.26 0.08 0.96 India Jan 0.26 1.50 1.93 3.45 0.00 0.23 Feb 0.26 1.50 1.93 3.45 0.00 0.23 North Africa 5/ Jan 0.10 0.46 1.37 1.73 0.10 0.09 Feb 0.10 0.46 1.37 1.73 0.10 0.09 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and i mports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. February 2015 WASDE - 538 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Mea t 2/Broiler Turkey Total Poultry 3 /Red Meat & PoultryEgg Milk Million Pounds Mil doz Bil lbs 2013 Annual 25,720 23,187 49,174 37,830 5, 805 44,159 93,333 8,046 201.2 2014 I 5,868 5,785 11,716 9,283 1, 332 10,739 22,455 2,006 51.0 II 6,183 5,504 11,754 9,618 1, 429 11,181 22,935 2,042 52.9 III 6,178 5,423 11,661 9,835 1, 478 11,448 23,109 2,074 51.1 IV 6,023 6,132 12,215 9,812 1, 516 11,456 23,671 2,116 50.9 Annual Jan Est. 24,249 22,852 47,350 38,586 5, 739 44,848 92,198 8,232 206.0 Feb Est. 24,252 22,844 47,345 38,548 5, 755 44,824 92,169 8,238 206.0 2015 I* 5,910 6,130 12,105 9,650 1, 450 11,230 23,335 2,070 52.6 II* 6,175 5,735 11,969 10,000 1, 500 11,640 23,609 2,095 54.3 III* 6,095 5,845 11,999 10,200 1, 550 11,895 23,894 2,110 52.3 IV* 6,040 6,380 12,480 10,100 1, 575 11,810 24,290 2,155 52.3 Annual Jan Proj. 23,830 23,895 47,963 39,630 5, 925 46,100 94,063 8,430 211.7 Feb Proj. 24,220 24,090 48,553 39,950 6, 075 46,575 95,128 8,430 211.5 * Projection. 1/ Commercial production for red meats; federa lly inspected for poultry meats. 2/ Beef, pork, veal and lamb & mutton. 3/ Broile rs, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/Barrows and gilts 3/Broilers 4/Turkeys 5/Eggs 6/Milk 7/ Dol./cw t Dol./cw t Cents/lb. Cents/lb. Cents/doz. Dol./cw t 2013 Annual 125.89 64.05 99.7 99.8 124.7 20.05 2014 I 146.34 68.69 98.4 100.7 142.7 24.53 II 147.82 85.40 113.7 105.6 134.6 24.23 III 158.49 83.30 104.6 110.2 129.3 24.37 IV 165.60 66.74 102.8 113.9 162.7 22.77 Annual Jan Est. 154.56 76.03 104.9 107.6 142.3 23.97 Feb Est. 154.56 76.03 104.9 107.6 142.3 23.98 2015 I* 158-162 50-52 98-100 99-101 139-143 17.10-17.40 II* 158-168 56-60 98-104 99-105 117-125 16.50-17.10 III* 156-168 58-62 97-105 103-111 112-122 17.40-18.30 IV* 156-170 53-57 96-104 107-115 133-145 18.50-19.50 Annual Jan Proj. 159-171 60-65 100-107 103-111 125-134 17.75-18.55 Feb Proj. 157-167 54-58 97-103 102-108 125-134 17.40-18.10 *Projection. 1/ Simple average of months . 2/ 5-Area, Direct, Total all grades 3/ National Base, Live equiv 51-52% lean. 4/ Who lesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. February 2015 WASDE - 538 - 32 U.S. Meats Supply and Use Item Beginning stocksProduction 1/ ImportsTotal Supply ExportsEnding StocksTotal UsePer Capita 2/ 3/ Million Pounds /4 Beef 2013 608 25,791 2,250 28,649 2,590 584 25,475 56.3 2014 Est. Jan 584 24,320 2,928 27,832 2,584 530 24,718 54.3 Feb 584 24,323 2,947 27,853 2,573 586 24,694 54.2 2015 Proj. Jan 530 23,901 2,770 27,201 2,525 485 24,191 52.7 Feb 586 24,291 2,810 27,687 2,450 485 24,752 54.0 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2013 625 23,200 880 24,705 4,992 618 19,095 46.8 2014 Est. Jan 618 22,866 1,008 24,491 4,841 540 19,110 46.5 Feb 618 22,858 1,007 24,483 4,858 551 19,073 46.4 2015 Proj. Jan 540 23,908 910 25,358 5,250 605 19,503 47.1 Feb 551 24,103 910 25,564 4,820 605 20,139 48.7 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2013 1,260 49,270 3,302 53,832 7,589 1,230 45,013 104.4 2014 Est. Jan 1,230 47,445 4,125 52,799 7,433 1,106 44,260 102.0 Feb 1,230 47,440 4,149 52,819 7,438 1,177 44,204 101.9 2015 Proj. Jan 1,106 48,058 3,862 53,026 7,784 1,123 44,119 101.0 Feb 1,177 48,648 3,911 53,736 7,280 1,123 45,333 103.9 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2013 651 37,425 122 38,199 7,345 669 30,184 81.9 2014 Est. Jan 669 38,173 114 38,956 7,319 675 30,961 83.4 Feb 669 38,136 117 38,921 7,304 680 30,937 83.4 2015 Proj. Jan 675 39,206 116 39,997 7,360 645 31,992 85.6 Feb 680 39,523 116 40,319 7,115 700 32,504 87.0 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2013 296 5,729 22 6,047 759 237 5,051 16.0 2014 Est. Jan 237 5,739 29 6,005 799 200 5,006 15.7 Feb 237 5,755 29 6,021 804 193 5,023 15.8 2015 Proj. Jan 200 5,925 28 6,153 820 275 5,058 15.8 Feb 193 6,075 28 6,296 775 275 5,246 16.3 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2013 949 43,677 146 44,772 8,213 912 35,647 99.2 2014 Est. Jan 912 44,435 146 45,492 8,228 880 36,384 100.5 Feb 912 44,411 148 45,471 8,218 876 36,376 100.4 2015 Proj. Jan 880 45,675 146 46,701 8,305 925 37,471 102.7 Feb 876 46,147 146 47,169 8,015 980 38,174 104.6 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2013 2,208 92,947 3,449 98,604 15,802 2,142 80,660 203.6 2014 Est. Jan 2,142 91,879 4,270 98,291 15,661 1,986 80,644 202.5 Feb 2,142 91,851 4,297 98,290 15,656 2,053 80,581 202.3 2015 Proj. Jan 1,986 93,733 4,008 99,727 16,089 2,048 81,590 203.7 Feb 2,053 94,795 4,057 100,905 15,295 2,103 83,507 208.5 1/ Total including farm production for red meats and, for pou ltry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis for red meat and broilers; certified ready-to-cook weight for turkey. 3/ Populati on source: Dept. of Commerce, Census Bureau . 4/ Carcass weight for red meats and cer tified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. February 2015 WASDE - 538 - 33 U.S. Egg Supply and Use Commodity 2012 2013 2014 Est. 2014 Est. 2015 Proj. 2015 Proj. Jan Feb Jan Feb Eggs Million Dozen Supply Beginning Stocks 27.7 20.8 23.0 23.0 23.0 23.3 Production 7,876.5 8,046.2 8,232.0 8 ,238.0 8,430.0 8,430.0 Imports 18.5 16.9 35.2 32.8 40.0 40.0 Total Supply 7,922.7 8,083.9 8,290.2 8 ,293.8 8,493.0 8,493.3 Use Exports 301.7 371.9 381.6 395.4 375.0 400.0 Hatching Use 940.8 959.9 975.2 976.0 1,000.0 1,000.0 Ending Stocks 20.8 23.0 23.0 23.3 23.0 23.0 Disappearance Total 6,659.4 6,729.1 6,910.4 6 ,899.2 7,095.0 7,070.3 Per Capita (number) 254.3 255.2 260.2 259.8 265.2 264.3 Total U.S. Milk Supply and Use Commodity 2012 2013 2014 Est. 2014 Est. 2015 Proj. 2015 Proj. Jan Feb Jan Feb Milk Billion Pounds Production 200.6 201.2 206.0 206.0 211.7 211.5 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 10.9 12.2 11.2 11.2 11.3 11.0 Marketings 199.7 200.2 205.0 205.0 210.7 210.5 Imports 4.1 3.7 4.2 4.3 3.8 4.0 Total Cml. Supply 214.7 216.2 220.4 220.5 225.8 225.5 Fat Basis Use Commercial Exports 8.8 12.4 12.3 12.5 11.1 11.1 Ending Commercial Stocks 12.2 11.2 11.3 11.0 11.9 11.7 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 193.7 192.6 196.8 197.0 202.9 202.7 Skim-solid Basis Supply Beg. Commercial Stocks 11.8 12.4 11.6 11.6 13.1 13.1 Marketings 199.7 200.2 205.0 205.0 210.7 210.5 Imports 5.7 5.3 5.6 5.6 5.5 5.5 Total Cml. Supply 217.2 217.9 222.3 222.2 229.3 229.1 Skim-solid Basis Use Commercial Exports 33.3 38.5 39.1 39.2 37.6 38.0 Ending Commercial Stocks 12.4 11.6 13.1 13.1 12.9 13.2 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 171.5 167.7 170.1 169.9 178.8 177.9 Total Note: Totals may not add due to rounding. February 2015 WASDE - 538 - 34 U.S. Dairy Prices Commodity 2012 2013 2014 Est. 2014 Est. 2015 Proj. 2015 Proj. Jan Feb Jan Feb Product Prices 1/ Dollars Pe r Pound Cheese 1.7076 1.7683 2.1551 2.1551 1.590- 1.6701.595- 1.665 Butter 1.5943 1.5451 2.1361 2.1361 1.600- 1.7101.655- 1.755 Nonfat Dry Milk 1.3279 1.7066 1.7682 1.7682 1.270- 1.3301.185- 1.245 Dry Whey 0.5935 0.5902 0.6538 0.6538 0.550- 0.5800.560- 0.590 Filler Dollars Pe r Cwt Milk Prices 2/ Class III 17.44 17.99 22.34 22.34 16.20- 17.0016.30- 17.00 Class IV 16.01 19.05 22.09 22.09 15.60- 16.5015.10- 15.90 All Milk 3/ 18.52 20.05 23.97 23.98 17.75- 18.5517.40- 18.10 1/ Simple average of monthly prices calculated by AMS from w eekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deduc tions from producers as authorized by legislation. February 2015 WASDE - 538 - 35 Note: Tables on pages 35-37 present a record of the February projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that ch ances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0.6 percent. Chances are 9 out of 10 (90% confidence level) that the differe nce will not exceed 1.0 percent. The average difference between the January projection and the final estimate is 2.5 million tons, ranging from 0.0 million to 7. 3 million tons. The January projection has been below the estimate 25 times and above 8 times. Reliability of February Projections 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final WHEAT Percent Million Metric Tons Production Worl d 0.6 1.0 2.5 0.0 7.3 25 8 U.S. 0.1 0.2 0.0 0.0 0.3 13 9 Forei gn 0.7 1.1 2.5 0.0 7.3 25 8 Exports Worl d 4.9 8.4 4.8 0.1 18.8 25 8 U.S. 3.9 6.7 1.0 0.0 3.0 18 15 Forei gn 6.0 10.1 4.6 0.5 18.4 28 5 Domestic Use Worl d 1.1 1.8 4.9 0.1 15.6 15 18 U.S. 3.9 6.6 0.9 0.0 2.4 12 20 Forei gn 1.1 1.8 4.6 0.1 15.1 18 15 Ending Stocks Worl d 4.7 7.9 5.3 0.1 18.2 21 12 U.S. 8.7 14.8 1.3 0.0 4.5 21 12 Forei gn 5.3 8.9 4.7 0.3 17.0 20 13 COARSE GRAINS 2/ Production Worl d 1.2 2.0 9.2 0.0 26.0 27 6 U.S. 0.2 0.3 0.1 0.0 1.3 14 7 Forei gn 1.7 2.8 9.2 0.0 26.0 25 7 Exports Worl d 5.5 9.3 4.9 0.5 19.4 26 7 U.S. 10.4 17.6 3.8 0.1 12.2 15 18 Forei gn 9.3 15.8 4.5 0.1 23.4 24 9 Domestic Use Worl d 1.1 1.8 7.0 0.1 28.9 16 17 U.S. 3.1 5.2 4.1 0.2 17.3 13 20 Forei gn 1.2 2.0 6.6 0.5 22.2 21 12 Ending Stocks Worl d 9.7 16.5 11.9 0.2 29.9 28 5 U.S. 14.6 24.8 5.3 0.0 18.5 19 14 Forei gn 12.0 20.4 9.2 0.8 28.2 28 5 RICE, milled Production Worl d 1.6 2.8 4.3 0.1 14.0 25 8 U.S. 1.6 2.7 0.1 0.0 0.3 12 6 Forei gn 1.6 2.8 4.3 0.1 14.0 25 8 Exports Worl d 8.9 15.0 1.5 0.0 5.2 26 7 U.S. 7.5 12.8 0.2 0.0 0.6 17 14 Forei gn 9.9 16.8 1.4 0.0 5.0 25 8 Domestic Use Worl d 1.3 2.2 3.2 0.2 12.8 22 11 U.S. 7.2 12.2 0.2 0.0 0.4 14 19 Forei gn 1.3 2.2 3.2 0.1 13.0 22 11 Ending Stocks Worl d 8.4 14.2 3.6 0.2 13.9 26 7 U.S. 20.0 34.0 0.2 0.0 0.5 18 15 Forei gn 8.6 14.6 3.6 0.0 13.8 26 6 1/ Footnotes at end of table. CONTINUED February 2015 WASDE - 538 - 36 Reliability of February Projections (Continued) Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final SOYBEANS Percent Million Metric Tons Production World 2.8 4.7 3.9 0.4 15.3 20 13 U.S. 1.4 2.3 0.6 0.0 2.5 15 12 Foreign 4.7 8.0 3.9 0.3 14.8 21 12 Exports World 6.3 10.7 2.5 0.1 12.0 21 12 U.S. 7.2 12.3 1.6 0.2 4.3 21 12 Foreign 16.4 27.8 2.2 0.0 11.6 15 18 Domestic Use World 2.3 3.9 2.9 0.0 10.9 18 15 U.S. 3.0 5.2 1.1 0.0 3.0 23 10 Foreign 2.8 4.7 2.5 0.0 12.5 18 15 Ending Stocks World 14.6 24.8 3.4 0.0 19.3 19 14 U.S. 32.2 54.7 1.7 0.1 5.0 10 23 Foreign 16.1 27.4 3.0 0.2 14.2 21 12 COTTON Million 480-Pound Bales Production World 2.3 4.0 1.7 0.0 5.4 25 8 U.S. 1.0 1.7 0.1 0.0 0.3 12 20 Foreign 2.8 4.8 1.7 0.1 5.7 25 8 Exports World 5.8 9.9 1.5 0.1 7.9 20 13 U.S. 10.4 17.6 0.6 0.0 2.1 18 14 Foreign 7.4 12.6 1.2 0.1 7.2 20 13 Domestic Use World 2.4 4.0 1.7 0.3 6.5 17 16 U.S. 4.7 7.9 0.3 0.0 0.9 22 10 Foreign 2.4 4.1 1.6 0.4 6.3 18 15 Ending Stocks World 9.8 16.7 3.3 0.0 8.9 21 11 U.S. 16.4 27.8 0.7 0.0 2.1 10 23 Foreign 10.8 18.3 3.3 0.1 9.3 22 11 1/ Marketing years 1981/82 through 2013/14 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the ma rketing year for 1981/82 through 2013/14. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. February 2015 WASDE - 538 - 37 Reliability of United States February Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final CORN Percent Million Bushels Production 0 . 2 0 . 330 4 122 Exports 10.9 18.5 136 9 384 13 20 Domestic Use 3.0 5.1 143 7 474 15 18 Ending Stocks 16.6 28.2 210 8 838 21 12 SORGHUM Production 0 . 2 0 . 300402 Exports 15.4 26.2 26 0 97 21 10 Domestic Use 12.6 21.4 31 1 178 14 19 Ending Stocks 41.2 69.9 26 1 148 12 21 BARLEY Production 0.5 0.9 1 0 11 13 4 Exports 20.2 34.2 7 0 35 11 19 Domestic Use 6.1 10.3 16 0 70 15 16 Ending Stocks 12.2 20.7 13 0 52 21 11 OATS Production 0 . 4 0 . 600244 Exports 5 3 . 8 9 1 . 310368 Domestic Use 4 . 2 7 . 21 1 13 61 51 8 Ending Stocks 15.7 26.6 12 1 47 18 15 SOYBEAN MEAL Thousand Short Tons Production 2.9 5.0 796 35 2,340 25 8 Exports 9.6 16.3 597 50 2,250 25 8 Domestic Use 2.5 4.3 533 7 2,066 20 13 Ending Stocks 36.5 62.0 64 0 214 14 17 SOYBEAN OIL Million Pounds Production 2.9 4.9 377 7 1,173 23 10 Exports 22.7 38.5 282 25 1,025 19 14 Domestic Use 3.0 5.1 348 0 1,261 21 11 Ending Stocks 19.7 33.4 281 25 1,131 19 14 ANIMAL PROD. 3/ Million Pounds Beef 3.0 5.0 594 9 1,613 22 10 Pork 3.1 5.3 375 10 1,717 21 11 Broilers 1.7 2.9 367 16 1,011 20 12 Turkeys 2.6 4.4 112 2 377 18 14 Million Dozen Eggs 1.4 2.3 75 6 172 19 13 Billion Pounds Milk 1.4 2.4 1.6 0.0 5.7 18 13 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2013/14 for grains, soybeans, and cotton. Final for grains , soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2013/14. Calendar years 1983 through 2013 for meats, eggs, and milk. Final for animal products is defined as th e latest annual production estimate published by NASS for 1983-2013. WASDE-538-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Forei gn Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at http://www.fas.usda.gov/psd/online . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric-Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 UNITED STATES DEPARTMENT OF AGRICULTURE WORLD AGRICULTURAL OUTLOOK BOARD WASHINGTON, D.C. 20250-3812 ___________________ OFFICIAL BUSINESS Penalty for Private Use, $300 FIRST-CLASS MAIL POSTAGE & FEES PAID USDA PERMIT NO. G-289 World Agricultural Supply and Demand Estimates WASDE-538 – February 10, 2015 Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e-mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu . Select the “Reports by E-Mail” bar to sign up. Print Subscriptions: For print subscriptions, call the National Technical Information Service (NTIS) at 1-800- 999-6779 or 703-605-6220. 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January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 606 Approved by the World Agricultural Outlook Board November 10, 2020 WHEAT: The outlook for 2020/21 U.S. wheat this month is for stable supplies, higher domestic use, unchanged exports, and reduced ending stocks. Domestic use is raised, primarily on higher food use, which is increased 5 million bushels to 965 million, up from 962 million for 2019/20. This increase is based mainly on the NASS Flour Milling Products report, which indicated higher food use for the early part of the marketing year than previously estimated. All wheat exports and imports are unchanged this month but there were offsetting by -class changes for both exports and imports. Projected 2020/21 ending stocks are reduced 6 million bushels to 877 million, down 15 percent from last year. The season -average farm price is unchanged at $4.70 per bushel. The 2020/21 global wheat outlook is for larger supplies, increased consumption, higher exports, and reduced stocks. Supplies are raised 0.7 million tons to 1,073.1 million as higher beginning stocks offset lower global production, which remains at a record. Most of this month’s production decrease is for Argentina, where production is lowered 1.0 million tons to 18.0 million. The lingering impacts of drought and local freeze damage have caused Argentina’s forecast yield to be the lowest in eight years. World consumption is increased 1.7 million tons to 752.7 million, mainly on higher feed and residual use for China and the EU. Projected 2020/21 global trade is raised 0.9 million tons to 190.8 million on higher exports for Russia and the EU more than offsetting lower Argentina exports. Increases in imports are led by China, Pakistan, and Turkey. China’s import pace continues to be robust and at 8.0 million tons, imports would be the largest since 1995/96. Projected 2020/21 world ending stocks are lowered 1.0 m illion tons to 320.5 million but remain record high. COARSE GRAINS: This month’s 2020/21 U.S. corn outlook is for lower production, reduced feed and residual use, larger exports, and smaller ending stocks. Corn production is forecast at 14.507 billion bushels, down 215 million with a reduction in yield to 175.8 bushels per acre. Corn exports are raised 325 million bushels to 2.650 billion, which if realized would be record high. Projected feed and residual use is lowered 75 million bushels based on a smaller crop and higher expected prices. With supply falling and use increasing, corn ending stocks for 2020/21 are down 465 million bushels to 1.7 billion, which if realized would be the lowest since 2013/14. The corn price is raised 40 cents to $4.00 per bushel. Global coarse grain production for 2020/21 is forecast down 11.1 million tons to 1,447.8 million. The 2020/21 foreign coarse grain outlook is for lower production, virtu ally unchanged use, and greater stocks relative to last month. Foreign corn production is forecast lower with reductions for Ukraine, the EU, Russia, and Moldova more than offsetting increases for South Africa and Laos. For Ukraine, the projected corn yi eld is lowered based on continued poor harvest results to date and if realized would be the lowest since 2012/13. WASDE-606-2 Major global coarse grain trade changes for 2020/21 include larger corn exports for the United States, Turkey, and South Africa, with mostly offsetting reductions for Ukraine and Russia. Corn imports are raised for China and South Korea, but lowered for the EU, Mexico, and Iran. For China, while the National Development and Reform Commission has not made any public statements indicating addi tional corn import quota has been allocated, shipment data for exporting countries through early November indicates they will exceed their tariff rate quota level of 7.2 million tons. Barley exports are raised for the EU, with higher imports forecast for China. Total coarse grain imports for China are forecast to reach a record 26 million tons, just above the previous high of 25.7 million reached during 2014/15. Foreign corn ending stocks for 2020/21 are higher, mostly reflecting increases for China and South Africa that are partly offset by reductions for the EU and Russia. Global corn ending stocks, at 291.4 million tons, are down 9.0 million from last month. RICE : The outlook for 2020/21 U.S. rice this month is for decreased supplies, unchanged domestic use, lower exports, and higher ending stocks. Supplies are lowered as NASS decreased the all rice production forecast by 0.2 million cwt to 226.1 million, all on lower yields. The all rice yield is forecast at 7,560 pounds per acre, down 7 pounds from the previous forecast. Exports are reduced by 2.0 million cwt to 97.0 million on the slow pace of sales and shipments in the early part of the marketing year (MY) with all the reduction for long- grain. Projected 2020/21 all rice ending stocks are raised 1.8 million cwt to 49.5 million, up 72 percent from last year. The projected 2020/21 all rice season- average farm price is raised $0.10 per cwt to $12.90 with increases in both the long- grain and medium - and short - grain prices. These increases are based on NASS prices reported to date and price expectations for the remainder of the MY. The 2020/21 global outlook is for higher supplies, lower consumption, trade nearly unchanged, and increased stocks. Rice supplies are raised 0.4 million tons to 679.0 million, primarily on increased beginning stocks for Iraq, Bangladesh, and Vietnam. World production for 2020/21 is lowered 0.4 million tons to 501.1 million, mainly on a reduction for Bangladesh due to damaging floods , but global production remains a record. Global 2020/21 consumption is lowered fractionally but remains a record at 499.2 million tons as reductions for Bangladesh and Cambodia are partially offset by China . World trade is virtually unchanged at 44.3 million tons as lower exports for China and the United States are almost offset by higher exports by Turkey and Cambodia. Projected 2020/21 world ending stocks are raised 0.6 million tons to a record 179.8 mil lion with China and India accounting for 65 and 17 percent of the total, respectively. OILSEEDS : The U.S. soybean outlook for 2020/21 is for lower production and ending stocks. Soybean production is forecast at 4.17 billion bushels, down 98 million on l ower yields. Lower yields are reported for several major producing states, including Illinois, Iowa, Indiana, Ohio, and Nebraska. With reduced production, soybean ending stocks are projected at 190 million bushels, down 100 million from last month. If r ealized, soybean ending stocks would be at the lowest level in the past seven years. Soybean and product prices for 2020/21 are all higher this month. The U.S. season- average soybean price for 2020/21 is forecast at $10.40 per bushel, up 60 cents. The s oybean meal price is forecast at $355.00 per short ton, up $20.00. The soybean oil price is forecast at 34.5 cents per pound, up 2.0 cents from last month. WASDE-606-3 The 2020/21 foreign oilseed supply and demand forecasts include lower production and crush , resulting in lower exports of oilseed meals and vegetable oil. Foreign oilseed production is lowered 5.6 million tons to 473.3 million, mainly on lower soybean crops for Argentina and India and lower sunflowerseed production for Ukraine and Russia. Yield s are reduced for Ukraine and Russia on dry weather conditions during the season and recent harvest results. Argentina’s soybean production is lowered as economic uncertainty reduces area expansion. Crop reductions result in lower exports of soybean and sunflowerseed meal and oil. Foreign oilseed stocks are increased slightly as lower cottonseed, sunflowerseed, and peanut stocks are offset by higher soybean stocks. Foreign soybean stocks are increased mainly on 2019/20 revisions to imports and crush for China and Argentina, respectively. SUGAR : U.S. sugar supply for 2020/21 is decreased 440,781 short tons, raw value (STRV) to 13.649 million on lower beginning stocks, on decreased production, and on lower -than- expected imports from the 2019/20 raw sugar TRQ that had been extended to October 31. Beginning stocks reported by processors and refineries came in at 1.623 million STRV, down from last month by 78,492 on final fiscal year ( FY) 2019/20 supply, use, and stocks estimates published in USDA’s Sweetener Market Data for November. Production of beet sugar for 2020/21 is reduced by 306,820 STRV to 4.899 million. NASS forecasts 2020/21 sugarbeet production at 33.958 million tons on a national yield of 29.6 that is 5.18 percent lower than last month. The yield in the Upper Midwest at 25.66 tons/acre is 9.66 percent lower than last month and Michigan at 28.30 tons/acre is 3.09 percent lower. Beet sugar production for FY 2020/21 is lower ed further on a record level of August -September production for 2020/21 crop year (764,645 STRV) that is only partially offset by an increase in projected August - September 2021 production from an average of the five previous years (664,608 STRV). Louisiana cane sugar for 2020/21 is increased 39,668 STRV to 1.824 million, based mostly on less production in September 2020 (70,415 STRV) counted in FY 2019/20 than projected last month (120,000 STRV). Projected September 2021 production is 44,837 STRV on the five-year average, down from 54,754 projected last month. Imports for 2020/21 are down 95,137 STRV to 3.025 million. Raw sugar 2019/20 TRQ entering in October 2020 is estimated at 151,898 STRV. This is 120,136 STRV less than projected last month. Partially offsetting is an increase of 25,000 STRV in high- tier tariff import s. There are no changes to 2020/21 use. Ending stocks for 2020/21 are projected residually at 1.309 million implying an ending stocks -to-use ratio of 10.60 percent Mexico sugar production for 2020/21 is projected at 5.950 million metric tons (MT), a decrease of 50,000 from last month. This pr ojection adapts the sugarcane yield (67.18 MT/hectare) and recovery (11.27 percent) recently published by CONADESUCA from its first estimate of the crop but projects area harvested at 785,000 hectares, close to that realized in 2019/20. Beginning stocks are up 6,006 MT on final data for 2019/20 published by CONADESUCA. With no change to ending stocks, the change in projected supply flows into a reduction of 46,994 MT in exports to non- U.S. destinations. LIVESTOCK, POULTRY, AND DAIRY : The forecast for 2 020 total red meat and poultry production is raised from last month on higher beef, pork, and broiler production. Beef production is raised from the previous month on higher expected slaughter of both fed and non-fed cattle. The pork production forecast is raised on a more rapid pace of slaughter. The broiler production forecast is raised on higher expected production for the fourth quarter. WASDE-606-4 Turkey production is virtually unchanged as higher production in the third quarter largely offsets a lower fourth- quarter forecast. Egg production is reduced as lower reported table egg production in the third quarter more than offsets higher hatching egg production. For 2021, the total red meat and poultry forecast is raised from last month as higher expected br oiler production more than offsets lower forecast pork production. Broiler production is raised from the previous month, but higher feed costs are expected to temper production growth. The pork production forecast is reduced slightly on higher feed costs . Beef and turkey production forecasts are unchanged from last month. The 2020 egg production forecast is raised from last month on higher expected hatching egg production. The 2020 beef export forecast is raised on stronger expected demand from major t rading partners while imports are adjusted to reflect third quarter reported data, but no change is made to the fourth- quarter forecast. The pork import forecast is raised from the previous month while exports are reduced on third- quarter trade data. For 2021, beef and pork trade forecasts are unchanged from the previous month. The 2020 and 2021 broiler export forecasts are raised from last month on stronger expected international demand. The 2020 turkey forecast is raised from last month on higher Sept ember exports and expectations of slightly higher exports through the remainder of the year; the 2021 forecast remains unchanged. The 2020 and 2021 cattle price forecasts are unchanged from last month. The hog price forecast is reduced for fourth- quarter 2020 on recent price weakness; no change is made to the 2021 hog price forecasts. The 2020 broiler and turkey price forecasts are raised from the previous month on current prices, but no changesare made to 2021 prices. The 2020 and 2021 egg price forec asts are unchanged from the previous month. The milk production forecasts for 2020 and 2021 are raised from the previous month on stronger growth in milk per cow and higher expected dairy cow inventory. The 2020 fat basis import forecast is raised on r ecent trade data and higher expected imports of cheese and butterfat products in the fourth quarter. This strength is expected to carry into 2021 supporting a higher 2021 fat basis import forecast. The fat basis export forecast for 2020 is raised on higher expected exports of cheese and butterfat; no change is made to the 2021 fat basis export forecast. The skim -solids basis import forecast for 2020 is reduced on lower imports of low -fat milk powders while the 2021 import forecast is reduced on lower imports of a number of dairy products. The 2020 and 2021 skim -solids basis export forecasts are raised on stronger expected sales of skim milk powder. Cheese, nonfat dry milk (NDM), and whey price forecasts for 2020 are raised from last month on strength in demand. The butter price forecast for 2020 is reduced on current and expected continued weakness in prices. The 2020 Class III price forecast is raised on higher prices for cheese and whey. The Class IV price forecast is unchanged from last month as the higher NDM price offsets the lower butter price. The 2020 all -milk price forecast is raised to $18.25 per cwt. For 2021, cheese, NDM, and whey price forecasts are raised on continued strength in demand. The butter price forecast is reduced on lower expected prices through the first part of the year. The 2021 Class III price forecast is raised on higher forecast prices for cheese WASDE-606-5 and whey. The Class IV price forecast is reduced as the lowered butter price more than offsets the increase in NDM. The all milk price forecast for 2021 is raised to $17.70 per cwt. COTTON : This month’s 2020/21 U.S. cotton estimates are virtually unchanged from October. The U.S. production forecast is marginally higher, at 17.1 million bales, while domestic mill use and exports are unchanged. U.S. ending stocks remain at 7.2 million bales and, at 42 percent of use, would be the highest s tocks- to-use ratio since 2007/08. The marketing- year average price received by upland producers is forecast at 64.0 cents per pound, 5 percent (3 cents) above the October forecast, and 7 percent higher than 2019/20’s price of 59.6 cents. World 2020/21 cotton production is projected marginally lower than in October, but with slightly higher beginning stocks and slightly lower use, global ending stocks are up 300,000 bales from the previous month. Global 2020/21 beginning stocks are forecas t 378,000 bales higher this month, largely reflecting an increase in Brazil’s 2019/20 crop. Production changes for 2020/21 include an 800,000- bale reduction for Pakistan, a 400,000- bale increase for Australia, and a 250,000- bale increase for China. Small er, offsetting changes occurred in estimates for Central Asia, and the global total is 160,000 bales lower than in October. World cotton use is also projected 160,000 bales lower this month, largely reflecting expected lower mill consumption in Pakistan. World trade is projected 605,000 bales higher this month as Pakistan’s imports increase in response to the s maller crop, with Brazil and Australia export estimates higher as well. Approved by the Secretary of Agriculture and t he Chairman of the World Agricultural Outlook Board, Mark Jekanowski , (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY : BILL NORTHEY SECRETARY OF AGRICULTURE DESIGNATE WASDE-606-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone , (Acting) ICEC Chair, WAOB, mark .simone @usda.gov Jennifer Bond, ERS; Graham Soley , FAS; Pete Riley, FPAC. Rice: Mark Simone, (Acting) ICEC Chair, WAOB, m [email protected] Nathan Childs, ERS; Rachel Trego , FAS; Vidalina Abadam, FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Tom Capehart, ERS; Yoonhee Macke, FAS; Sharon Raszap, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Mark Ash, ERS; Bill George, FAS; Gustavo Ferreira , FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; James Johnson, FAS; Kent Lanclos , FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Andrew Sowell, ERS; Souleymane Diaby , FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Lindsay Kuberka , FAS; Georgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Kim Ha, ERS; Claire Mezoughem, FAS ; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS ; Georgi Gabrielyan, FPAC. In 2020, the WASDE report will be released on Dec 10. In 2021, the WASDE report will be released on Jan 12, Feb 9, Mar 9, Apr 9, May 12, Jun 10, Jul 12, Aug 12, Sep 10, Oct 12, Nov 9, and Dec 9. WASDE-606-7 T A B L E OF C O N T E N T S Page Highlights ................................................................................................................. 1 Interagency Commodity Estimates Committees ...................................................... 6 World & U.S. Supply & Use for Grains .................................................................... 8 World & U.S. Supply & Use for Cotton .................................................................... 9 World & U.S. Supply & Use for Oilseeds ............................................................... 10 U.S. Wheat Supply & Use ...................................................................................... 11 U.S. Wheat Supply & Use by Class ....................................................................... 11 U.S. Feed Grain & Corn Supply & Use .................................................................. 12 U.S. Sorghum, Barley & Oats Supply & Use ......................................................... 13 U.S. Rice Supply & Use ......................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................. 15 U.S. Sugar Supply & Use ...................................................................................... 16 Mexico Sugar Supply and Use .............................................................................. 16 U.S. Cotton Supply & Use ..................................................................................... 17 World Wheat Supply & Use ................................................................................... 18 World Coarse Grains Supply & Use ...................................................................... 20 World Corn Supply & Use ...................................................................................... 22 World Rice Supply & Use ...................................................................................... 24 World Cotton Supply & Use ................................................................................... 26 World Soybean Supply & Use ............................................................................... 28 World Soybean Meal Supply & Use ....................................................................... 29 World Soybean Oil Supply & Use .......................................................................... 30 U.S. Quarterly A nimal Product Production ............................................................ 31 U.S. Quarterly Prices for Animal Products ............................................................. 31 U.S. Meats Supply and Use ................................................................................... 32 U.S. Egg Supply & Use .......................................................................................... 33 U.S. Milk Supply and Use ...................................................................................... 33 U.S. Dairy Prices ................................................................................................... 34 Reliability Tables ................................................................................................... 35 Related USDA Reports .......................................................................................... 38 Metric Conversion Factors ..................................................................................... 38 Elect ronic Access and Subscriptions ...................................................................... 40 November 2020 WASDE - 606 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2018/19 2625.52 3447.89 430.38 2640.02 807.87 2019/20 (Est.) 2672.32 3480.19 442.22 2669.83 810.37 filler filler filler filler filler 2020/21 (Proj.) Oct 2733.40 3542.33 457.11 2711.14 831.19 2020/21 (Proj.) Nov 2721.23 3531.60 458.86 2709.94 821.66 filler filler filler filler filler Wheat 2018/19 730.90 1018.86 173.67 734.75 284.11 2019/20 (Est.) 764.94 1049.05 191.83 748.30 300.76 filler filler filler filler filler 2020/21 (Proj.) Oct 773.08 1072.48 189.92 751.03 321.45 2020/21 (Proj.) Nov 772.38 1073.13 190.79 752.68 320.45 filler filler filler filler filler Coarse Grains 5/ 2018/19 1397.58 1767.77 212.81 1420.94 346.84 2019/20 (Est.) 1411.31 1758.14 207.53 1426.44 331.70 filler filler filler filler filler 2020/21 (Proj.) Oct 1458.84 1791.26 222.87 1460.67 330.59 2020/21 (Proj.) Nov 1447.75 1779.45 223.77 1458.02 321.43 filler filler filler filler filler Rice, milled 2018/19 497.04 661.26 43.89 484.34 176.93 2019/20 (Est.) 496.07 673.00 42.87 495.09 177.91 filler filler filler filler filler 2020/21 (Proj.) Oct 501.47 678.59 44.32 499.44 179.15 2020/21 (Proj.) Nov 501.11 679.02 44.30 499.24 179.78 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2018/19 436.32 532.30 83.45 357.57 91.28 2019/20 (Est.) 417.88 516.31 79.77 353.91 82.63 filler filler filler filler filler 2020/21 (Proj.) Oct 445.08 534.98 95.51 355.81 83.67 2020/21 (Proj.) Nov 439.62 529.52 103.70 354.07 71.76 filler filler filler filler filler Wheat 2018/19 51.31 84.88 25.50 29.99 29.39 2019/20 (Est.) 52.58 84.83 26.28 30.57 27.98 filler filler filler filler filler 2020/21 (Proj.) Oct 49.69 81.07 26.54 30.51 24.03 2020/21 (Proj.) Nov 49.69 81.07 26.54 30.67 23.86 filler filler filler filler filler Coarse Grains 5/ 2018/19 377.91 438.46 54.97 323.02 60.47 2019/20 (Est.) 359.43 423.01 50.51 318.77 53.74 filler filler filler filler filler 2020/21 (Proj.) Oct 388.20 444.63 65.83 320.68 58.13 2020/21 (Proj.) Nov 382.75 439.18 74.08 318.77 46.32 filler filler filler filler filler Rice, milled 2018/19 7.11 8.96 2.97 4.57 1.42 2019/20 (Est.) 5.86 8.47 2.99 4.57 0.91 filler filler filler filler filler 2020/21 (Proj.) Oct 7.19 9.28 3.14 4.62 1.52 2020/21 (Proj.) Nov 7.18 9.27 3.08 4.62 1.57 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). November 2020 WASDE - 606 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2018/19 2,189.20 2,915.60 346.93 2,282.45 716.59 2019/20 (Est.) 2,254.44 2,963.88 362.45 2,315.91 727.74 filler filler filler filler filler 2020/21 (Proj.) Oct 2,288.32 3,007.35 361.60 2,355.33 747.52 2020/21 (Proj.) Nov 2,281.61 3,002.08 355.17 2,355.87 749.90 filler filler filler filler filler Wheat 2018/19 679.59 933.98 148.17 704.76 254.73 2019/20 (Est.) 712.36 964.23 165.55 717.73 272.78 filler filler filler filler filler 2020/21 (Proj.) Oct 723.39 991.41 163.39 720.52 297.43 2020/21 (Proj.) Nov 722.68 992.06 164.26 722.01 296.59 filler filler filler filler filler Coarse Grains 5/ 2018/19 1,019.68 1,329.31 157.84 1,097.92 286.37 2019/20 (Est.) 1,051.87 1,335.13 157.02 1,107.67 277.96 filler filler filler filler filler 2020/21 (Proj.) Oct 1,070.64 1,346.63 157.04 1,140.00 272.47 2020/21 (Proj.) Nov 1,065.00 1,340.27 149.69 1,139.24 275.11 filler filler filler filler filler Rice, milled 2018/19 489.93 652.30 40.92 479.77 175.50 2019/20 (Est.) 490.21 664.52 39.88 490.51 177.00 filler filler filler filler filler 2020/21 (Proj.) Oct 494.29 669.31 41.17 494.82 177.63 2020/21 (Proj.) Nov 493.93 669.75 41.22 494.62 178.20 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats , rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2018/19 118.58 199.69 41.64 120.19 80.25 2019/20 (Est.) 122.16 202.40 40.98 102.05 99.59 filler filler filler filler filler 2020/21 (Proj.) Oct 116.27 215.48 42.24 114.21 101.13 2020/21 (Proj.) Nov 116.11 215.70 42.87 114.05 101.44 filler filler filler filler filler United States 2018/19 18.37 22.57 14.84 2.98 4.85 2019/20 (Est.) 19.91 24.77 15.53 2.15 7.25 filler filler filler filler filler 2020/21 (Proj.) Oct 17.05 24.30 14.60 2.50 7.20 2020/21 (Proj.) Nov 17.09 24.35 14.60 2.50 7.20 filler filler filler filler filler Foreign 4/ 2018/19 100.21 177.12 26.81 117.21 75.40 2019/20 (Est.) 102.24 177.64 25.45 99.90 92.34 filler filler filler filler filler 2020/21 (Proj.) Oct 99.23 191.18 27.64 111.71 93.93 2020/21 (Proj.) Nov 99.02 191.36 28.27 111.55 94.24 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal t o world minus United States. See global cotton tables for treatment of export/import imbalances. November 2020 WASDE - 606 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2018/19 600.01 716.79 170.89 488.51 132.10 2019/20 (Est.) 576.37 708.47 189.93 505.01 110.10 filler filler filler filler filler 2020/21 (Proj.) Oct 605.50 714.32 190.97 514.80 101.18 2020/21 (Proj.) Nov 597.28 707.38 190.84 511.15 98.57 filler filler filler filler filler Oilmeals 2018/19 332.51 350.17 94.17 328.65 15.98 2019/20 (Est.) 343.70 359.68 93.99 341.30 13.41 filler filler filler filler filler 2020/21 (Proj.) Oct 353.33 366.66 94.11 350.63 12.49 2020/21 (Proj.) Nov 351.51 364.92 92.29 349.63 11.50 filler filler filler filler filler Vegetable Oils 2018/19 203.41 226.83 85.99 199.40 22.61 2019/20 (Est.) 206.50 229.11 86.61 202.47 21.85 filler filler filler filler filler 2020/21 (Proj.) Oct 209.62 231.55 86.26 207.32 19.80 2020/21 (Proj.) Nov 208.71 230.56 85.72 207.69 18.96 filler filler filler filler filler United States Output Tota l Supply Tra de Tota l Use 2/ Ending Stocks Oilseeds 2018/19 130.72 145.66 48.82 61.03 26.54 2019/20 (Est.) 106.98 134.74 46.89 63.10 15.94 filler filler filler filler filler 2020/21 (Proj.) Oct 126.65 143.74 61.15 63.57 9.58 2020/21 (Proj.) Nov 123.98 141.07 61.15 63.57 6.87 filler filler filler filler filler Oilmeals 2018/19 46.52 51.02 12.50 38.10 0.42 2019/20 (Est.) 48.80 53.34 13.06 39.89 0.39 filler filler filler filler filler 2020/21 (Proj.) Oct 49.05 53.33 12.55 40.36 0.42 2020/21 (Proj.) Nov 49.06 53.30 12.55 40.34 0.41 filler filler filler filler filler Vegetable Oils 2018/19 12.20 18.14 1.09 15.88 1.16 2019/20 (Est.) 12.66 18.75 1.51 16.04 1.21 filler filler filler filler filler 2020/21 (Proj.) Oct 12.81 18.94 1.41 16.37 1.16 2020/21 (Proj.) Nov 12.81 18.99 1.41 16.37 1.21 filler filler filler filler filler Foreign 3/ Output Tota l Supply Tra de Tota l Use 2/ Ending Stocks Oilseeds 2018/19 469.30 571.13 122.08 427.47 105.57 2019/20 (Est.) 469.39 573.73 143.05 441.91 94.17 filler filler filler filler filler 2020/21 (Proj.) Oct 478.85 570.58 129.82 451.23 91.60 2020/21 (Proj.) Nov 473.30 566.31 129.69 447.58 91.70 filler filler filler filler filler Oilmeals 2018/19 285.98 299.15 81.68 290.55 15.56 2019/20 (Est.) 294.91 306.34 80.92 301.41 13.03 filler filler filler filler filler 2020/21 (Proj.) Oct 304.28 313.33 81.56 310.28 12.06 2020/21 (Proj.) Nov 302.45 311.62 79.75 309.29 11.09 filler filler filler filler filler Vegetable Oils 2018/19 191.22 208.69 84.90 183.51 21.45 2019/20 (Est.) 193.84 210.36 85.10 186.43 20.65 filler filler filler filler filler 2020/21 (Proj.) Oct 196.81 212.61 84.85 190.95 18.64 2020/21 (Proj.) Nov 195.90 211.58 84.32 191.33 17.75 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. November 2020 WASDE - 606 - 11 U.S. Wheat Supply and Use 1/ 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Oct Nov Million Acres Area Planted 47.8 45.5 44.3 44.3 Area Harvested 39.6 37.4 36.7 36.7 Bushels Yield per Harvested Acre 47.6 51.7 49.7 49.7 Million Bushels Beginning Stocks 1,099 1,080 1,028 1,028 Production 1,885 1,932 1,826 1,826 Imports 135 105 125 125 Supply, Total 3,119 3,117 2,979 2,979 Food 954 962 960 965 Seed 59 60 61 62 Feed and Residual 88 101 100 100 Domestic, Total 1,102 1,123 1,121 1,127 Exports 937 965 975 975 Use, Total 2,039 2,089 2,096 2,102 Ending Stocks 1,080 1,028 883 877 Avg. Farm Price ($/bu) 2/ 5.16 4.58 4.70 4.70 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2019/20 (Est.) Beginning Stocks 516 263 158 88 55 1,080 Production 845 520 240 273 54 1,932 Supply, Total 3/ 1,363 836 402 367 150 3,117 Domestic Use 480 288 204 85 66 1,123 Exports 376 268 92 187 42 965 Use, Total 857 556 297 272 108 2,089 Ending Stocks, Total 506 280 105 95 42 1,028 2020/21 (Proj.) Beginning Stocks 506 280 105 95 42 1,028 Production 659 530 266 302 69 1,826 Supply, Total 3/ 1,167 870 381 405 156 2,979 Domestic Use 424 317 200 95 92 1,127 Exports 405 270 75 195 30 975 Use, Total 829 587 275 290 122 2,102 Ending Stocks, Total Nov 338 284 107 115 34 877 Ending Stocks, Total Oct 334 288 102 122 37 883 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. November 2020 WASDE - 606 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Oct Nov Million Acres Area Planted 99.9 100.6 102.4 102.4 Area Harvested 89.2 89.1 90.7 90.7 Metric Tons Yield per Harvested Acre 4.24 4.03 4.28 4.22 Million Metric Tons Beginning Stocks 57.9 60.5 53.7 53.7 Production 377.7 359.2 387.9 382.5 Imports 2.3 2.8 2.4 2.4 Supply, Total 437.9 422.4 444.0 438.6 Feed and Residual 142.9 152.6 150.4 148.5 Food, Seed & Industrial 179.6 165.6 169.7 169.7 Domestic, Total 322.5 318.2 320.1 318.2 Exports 55.0 50.5 65.8 74.1 Use, Total 377.5 368.7 385.9 392.3 Ending Stocks 60.5 53.7 58.1 46.3 CORN 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. October November Million Acres Area Planted 88.9 89.7 91.0 91.0 Area Harvested 81.3 81.3 82.5 82.5 Bushels Yield per Harvested Acre 176.4 167.5 178.4 175.8 Million Bushels Beginning Stocks 2,140 2,221 1,995 1,995 Production 14,340 13,620 14,722 14,507 Imports 28 42 25 25 Supply, Total 16,509 15,883 16,742 16,527 Feed and Residual 5,429 5,827 5,775 5,700 Food, Seed & Industrial 2/ 6,793 6,282 6,475 6,475 Ethanol & by -products 3/ 5,378 4,852 5,050 5,050 Domestic, Total 12,222 12,109 12,250 12,175 Exports 2,066 1,778 2,325 2,650 Use, Total 14,288 13,887 14,575 14,825 Ending Stocks 2,221 1,995 2,167 1,702 Avg. Farm Price ($/bu) 4/ 3.61 3.56 3.60 4.00 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data -products/feed-grains -database.aspx. 3/ Corn processed in ethanol plants to produce e thanol and by-products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. November 2020 WASDE - 606 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Oct Nov Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 5.7 5.3 5.8 5.8 Area Harvested (mil. acres) 5.1 4.7 5.0 5.0 Yield (bushels/acre) 72.1 73.0 74.1 74.2 Beginning Stocks 35 64 29 29 Production 365 341 371 371 Imports 0 0 0 0 Supply, Total 400 405 400 400 Feed and Residual 138 97 70 70 Food, Seed & Industrial 106 75 40 40 Total Domestic 244 172 110 110 Exports 93 204 260 260 Use, Total 336 376 370 370 Ending Stocks 64 29 30 30 Avg. Farm Price ($/bu) 2/ 3.26 3.34 3.60 4.05 Filler Filler Filler Filler Filler BARLEY 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. October November Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.5 2.8 2.6 2.6 Area Harvested (mil. acres) 2.0 2.2 2.1 2.1 Yield (bushels/acre) 77.5 77.7 77.5 77.5 Beginning Stocks 94 87 80 80 Production 154 172 165 165 Imports 6 7 7 7 Supply, Total 254 266 253 253 Feed and Residual 15 44 25 25 Food, Seed & Industrial 148 136 143 143 Total Domestic 162 180 168 168 Exports 5 6 6 6 Use, Total 167 186 174 174 Ending Stocks 87 80 79 79 Avg. Farm Price ($/bu) 2/ 4.62 4.69 4.55 4.55 Filler Filler Filler Filler Filler OATS 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. October November Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.7 2.8 3.0 3.0 Area Harvested (mil. acres) 0.9 0.8 1.0 1.0 Yield (bushels/acre) 64.9 64.3 65.1 65.1 Beginning Stocks 41 38 37 37 Production 56 53 65 65 Imports 86 92 94 94 Supply, Total 184 183 196 196 Feed and Residual 66 63 75 75 Food, Seed & Industrial 78 81 79 79 Total Domestic 144 144 154 154 Exports 2 2 2 2 Use, Total 146 146 156 156 Ending Stocks 38 37 40 40 Avg. Farm Price ($/bu) 2/ 2.66 2.82 2.70 2.70 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. November 2020 WASDE - 606 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Oct Nov Million Acres Area Planted 2.95 2.54 3.04 3.04 Area Harvested 2.91 2.47 2.99 2.99 Filler Pounds Yield per Harvested Acre 7,692 7,471 7,567 7,560 Million Hundredweight Beginning Stocks 2/ 29.4 44.9 28.7 28.7 Production 223.8 184.7 226.3 226.1 Imports 29.0 37.3 37.3 37.3 Supply, Total 282.2 266.8 292.2 292.0 Domestic & Residual 3/ 143.8 144.0 145.5 145.5 Exports, Total 4/ 93.6 94.2 99.0 97.0 Rough 33.3 31.2 36.0 35.0 Milled (rough equiv.) 60.3 62.9 63.0 62.0 Use, Total 237.3 238.2 244.5 242.5 Ending Stocks 44.9 28.7 47.7 49.5 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 12.60 13.50 12.80 12.90 Tota l LONG -GRAIN RICE 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. October November Harvested Acres (mil.) 2.18 1.73 Yield (pounds/acre) 7,517 7,261 Beginning Stocks 20.3 32.6 16.9 16.9 Production 163.6 125.6 170.0 169.8 Supply, Total 7/ 207.3 188.0 216.4 216.2 Domestic & Residual 3/ 108.5 106.4 111.0 111.0 Exports 8/ 66.2 64.6 71.0 69.0 Use, Total 174.7 171.1 182.0 180.0 Ending Stocks 32.6 16.9 34.4 36.2 Avg. Farm Price ($/cwt) 6/ 10.80 12.00 11.50 11.70 Filler Filler Filler Filler Filler MEDIUM & SHORT -GRAIN RICE 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. October November Harvested Acres (mil.) 0.73 0.74 Yield (pounds/acre) 8,209 7,960 Beginning Stocks 7.6 10.2 10.7 10.7 Production 60.3 59.1 56.4 56.3 Supply, Total 7/ 72.8 77.8 74.8 74.8 Domestic & Residual 3/ 35.3 37.6 34.5 34.5 Exports 8/ 27.3 29.6 28.0 28.0 Use, Total 62.6 67.1 62.5 62.5 Ending Stocks 10.2 10.7 12.3 12.3 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 18.50 17.80 16.50 16.60 California 10/ 21.10 20.60 18.80 18.80 Other States 1/ 12.30 11.60 11.60 11.80 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2015/16- 2.9; 2016/17 -3.5; 2017/18- 1.4. 3/ Residual includes unreported use, processing loss es, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing- year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are est imated. 9/ The medium/short -grain season -average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecast s based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the preliminary California SAFP forecast and the final price has averaged $1.00 per cwt from 2014/15- 2018/19, with a high of $3.50 per cwt in 2017/18 and a low of -$0.20 per cwt in 2015/16. 10/ Marketing year beginning October 1. November 2020 WASDE - 606 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Oct Nov Filler Filler Filler Filler Filler Million Acres Area Planted 89.2 76.1 83.1 83.1 Area Harvested 87.6 74.9 82.3 82.3 Filler Bushels Yield per Harvested Acre 50.6 47.4 51.9 50.7 Million Bushels Beginning Stocks 438 909 523 523 Production 4,428 3,552 4,268 4,170 Imports 14 15 15 15 Supply, Total 4,880 4,476 4,806 4,709 Crushings 2,092 2,165 2,180 2,180 Exports 1,752 1,676 2,200 2,200 Seed 88 96 100 103 Residual 39 16 36 35 Use, Total 3,971 3,953 4,516 4,519 Ending Stocks 909 523 290 190 Avg. Farm Price ($/bu) 2/ 8.48 8.57 9.80 10.40 Tota l SOYBEAN OIL 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. October November Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,995 1,775 1,740 1,849 Production 4/ 24,197 24,912 25,265 25,265 Imports 397 319 350 350 Supply, Total 26,590 27,006 27,355 27,464 Domestic Disappearance 22,874 22,319 23,000 23,000 Biodiesel 3/ 7,863 7,900 8,100 8,100 Food, Feed & other Industrial 15,011 14,419 14,900 14,900 Exports 1,940 2,839 2,600 2,600 Use, Total 24,815 25,158 25,600 25,600 Ending stocks 1,775 1,849 1,755 1,864 Avg. Price (c/lb) 2/ 28.26 29.65 32.50 34.50 Tota l SOYBEAN MEAL 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. October November Filler 1 2 3 4 Thousand Short Tons Beginning Stocks 555 402 400 341 Production 4/ 48,814 51,100 51,400 51,409 Imports 683 639 400 400 Supply, Total 50,052 52,142 52,200 52,150 Domestic Disappearance 36,212 37,723 38,300 38,300 Exports 13,438 14,077 13,500 13,500 Use, Total 49,650 51,800 51,800 51,800 Ending Stocks 402 341 400 350 Avg. Price ($/s.t.) 2/ 308.28 299.50 335.00 355.00 Tota l Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only bio diesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,173 million bushels for 2019/20 and 2,180 million bushels for 2020/21. November 2020 WASDE - 606 - 16 U.S. Sugar Supply and Use 1/ 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Oct Nov Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 2,008 1,783 1,702 1,623 Production 2/ 8,999 8,149 9,268 9,001 Beet Sugar 4,939 4,351 5,206 4,899 Cane Sugar 4,060 3,798 4,062 4,101 Florida 2,005 2,106 2,135 2,135 Hawaii 0 0 0 0 Louisiana 1,907 1,566 1,785 1,824 Texas 147 126 142 142 Imports 3,070 4,154 3,120 3,025 TRQ 3/ 1,541 2,071 1,832 1,711 Other Program 4/ 438 432 350 350 Other 5/ 1,092 1,651 938 963 Mexico 1,000 1,376 888 888 Total Supply 14,077 14,085 14,089 13,649 Exports 35 61 35 35 Deliveries 12,231 12,333 12,305 12,305 Food 12,106 12,235 12,200 12,200 Other 6/ 126 98 105 105 Miscellaneous 28 68 0 0 Total Use 12,294 12,462 12,340 12,340 Ending Stocks 1,783 1,623 1,749 1,309 Stocks to Use Ratio 14.5 13.0 14.2 10.6 Tota l 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2019/20 and 2020/21 are based on Crop Production and/or processor projections/industry data and/or s ugar ICEC analysis where appropriate. 3/ For 2019/20, WTO raw sugar TRQ shortfall (181) and for 2020/21 (99). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Imports from Mexico; and high- tier tariff sugar and syrups not othe rwise specified -- for 2019/20 (275) and 2020/21 (75). 6/ Transfers accompanying deliveries for sugar- containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE - reported deliveries: 2018/19 -- 374; estimated 2019/20 -- 340; projected 2020/21 -- 353. Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2019/20 Est. Oct 1,169 5,278 110 4,488 1,218 852 2019/20 Est. Nov 1,169 5,278 77 4,455 1,212 858 2020/21 Proj. Oct 852 6,000 89 4,488 1,518 935 2020/21 Proj. Nov 858 5,950 86 4,488 1,471 935 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2018/19 = 1,528; Estimated 2019/20 = 1,388; Projected 2020/21 = 1,377 Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2019/20 (352 est =330 dom.+23 import); 2020/21 (415 proj =350 dom.+65 import). Statistical Adjustments: 2019/20 (1), 2020/21 (0). November 2020 WASDE - 606 - 17 U.S. Cotton Supply and Use 1/ 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Oct Nov Filler Filler Filler Filler Filler Area Million Acres Planted 14.10 13.74 12.12 12.12 Harvested 9.99 11.61 9.01 9.01 Filler Pounds Yield per Harvested Acre 882 823 909 911 Million 480 Pound Bales Beginning Stocks 4.20 4.85 7.25 7.25 Production 18.37 19.91 17.05 17.09 Imports 0.00 0.00 0.00 0.00 Supply, Total 22.57 24.77 24.30 24.35 Domestic Use 2.98 2.15 2.50 2.50 Exports, Total 14.84 15.53 14.60 14.60 Use, Total 17.81 17.68 17.10 17.10 Unaccounted 2/ -0.09 -0.16 0.00 0.05 Ending Stocks 4.85 7.25 7.20 7.20 Avg. Farm Price 3/ 70.3 59.6 61.0 64.0 Tota l Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. November 2020 WASDE - 606 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 287.97 730.90 171.12 139.20 734.75 173.67 284.11 World Less China 156.77 599.47 167.98 119.20 609.75 172.67 144.35 United States 29.91 51.31 3.66 2.39 29.99 25.50 29.39 Total Foreign 258.06 679.59 167.46 136.81 704.76 148.17 254.73 Major Exporters 4/ 43.93 302.77 7.31 81.91 194.75 120.77 38.50 Argentina 0.47 19.50 0.01 0.05 6.05 12.19 1.74 Australia 5.55 17.60 0.50 5.70 9.20 9.01 5.44 Canada 6.73 32.35 0.48 4.16 9.15 24.38 6.04 European Union 5/ 17.94 136.58 5.76 51.50 121.05 23.31 15.92 Russia 12.01 71.69 0.45 18.00 40.50 35.86 7.78 Ukraine 1.24 25.06 0.11 2.50 8.80 16.02 1.59 Major Importers 6/ 177.34 199.78 111.72 37.99 294.01 12.44 182.39 Bangladesh 2.23 1.10 5.10 0.28 7.18 0.00 1.26 Brazil 1.31 5.43 7.02 0.50 12.10 0.60 1.06 China 131.20 131.43 3.15 20.00 125.00 1.01 139.77 Japan 1.23 0.86 5.73 0.70 6.45 0.29 1.08 N. Africa 7/ 14.87 21.00 26.96 2.25 46.10 1.19 15.53 Nigeria 0.20 0.06 4.66 0.05 4.32 0.40 0.20 Sel. Mideast 8/ 15.27 17.88 17.23 3.45 37.70 0.63 12.05 Southeast Asia 9/ 5.51 0.00 26.72 7.94 25.29 1.07 5.87 Selected Other India 13.23 99.87 0.02 5.00 95.63 0.50 16.99 Kazakhstan 2.54 13.95 0.09 1.80 6.60 8.30 1.68 2019/20 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 284.11 764.94 185.29 139.06 748.30 191.83 300.76 World Less China 144.35 631.35 179.91 120.06 622.30 190.78 149.07 United States 29.39 52.58 2.86 2.76 30.57 26.28 27.98 Total Foreign 254.73 712.36 182.43 136.30 717.73 165.55 272.78 Major Exporters 4/ 38.50 325.37 6.66 81.11 195.16 141.55 33.82 Argentina 1.74 19.76 0.01 0.05 6.30 13.50 1.70 Australia 5.44 15.20 0.75 4.90 8.40 9.50 3.49 Canada 6.04 32.67 0.68 4.16 9.26 24.63 5.50 European Union 5/ 15.92 154.96 4.80 52.50 122.50 38.43 14.75 Russia 7.78 73.61 0.33 17.00 40.00 34.49 7.23 Ukraine 1.59 29.17 0.10 2.50 8.70 21.01 1.15 Major Importers 6/ 182.39 202.53 122.16 36.79 297.59 12.74 196.75 Bangladesh 1.26 1.20 6.80 0.30 7.40 0.00 1.86 Brazil 1.06 5.20 7.20 0.50 12.10 0.42 0.94 China 139.77 133.59 5.38 19.00 126.00 1.05 151.68 Japan 1.08 1.10 5.68 0.65 6.37 0.29 1.20 N. Africa 7/ 15.53 18.40 27.74 1.85 46.25 1.06 14.36 Nigeria 0.20 0.06 5.34 0.05 4.90 0.40 0.30 Sel. Mideast 8/ 12.05 22.19 17.71 3.60 38.47 0.78 12.70 Southeast Asia 9/ 5.87 0.00 26.45 7.64 25.25 1.08 5.99 Selected Other India 16.99 103.60 0.02 6.00 96.11 0.51 23.99 Kazakhstan 1.68 11.45 0.58 1.30 6.10 6.99 0.63 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukr aine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2020 WASDE - 606 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Oct 299.40 773.08 186.23 134.60 751.03 189.92 321.45 Nov 300.76 772.38 187.62 137.13 752.68 190.79 320.45 World Less China Oct 147.71 637.08 178.73 114.60 621.03 188.92 157.27 Nov 149.07 636.38 179.62 116.13 621.68 189.79 156.77 United States Oct 27.98 49.69 3.40 2.72 30.51 26.54 24.03 Nov 27.98 49.69 3.40 2.72 30.67 26.54 23.86 Total Foreign Oct 271.42 723.39 182.83 131.88 720.52 163.39 297.43 Nov 272.78 722.68 184.22 134.41 722.01 164.26 296.59 Major Exporters 4/ Oct 33.43 327.75 6.73 76.05 189.85 139.00 39.06 Nov 33.82 327.05 6.93 77.05 190.35 139.50 37.95 Argentina Oct 1.70 19.00 0.01 0.05 6.05 13.00 1.66 Nov 1.70 18.00 0.01 0.05 6.05 12.50 1.16 Australia Oct 3.49 28.50 0.20 4.00 7.50 19.00 5.69 Nov 3.49 28.50 0.20 4.00 7.50 19.00 5.69 Canada Oct 5.03 35.00 0.45 4.50 9.70 25.00 5.78 Nov 5.50 35.00 0.45 4.50 9.70 25.00 6.25 European Union 5/ Oct 14.83 136.75 5.50 47.50 117.50 25.50 14.08 Nov 14.75 136.55 5.70 48.50 118.00 26.00 13.00 Russia Oct 7.23 83.00 0.50 18.00 41.00 39.00 10.73 Nov 7.23 83.50 0.50 18.00 41.00 39.50 10.73 Ukraine Oct 1.15 25.50 0.08 2.00 8.10 17.50 1.12 Nov 1.15 25.50 0.08 2.00 8.10 17.50 1.12 Major Importers 6/ Oct 195.92 205.41 122.00 36.76 303.00 12.71 207.61 Nov 196.75 205.17 122.85 38.31 304.41 12.88 207.48 Bangladesh Oct 1.86 1.25 6.60 0.30 7.50 0.00 2.21 Nov 1.86 1.25 6.60 0.30 7.50 0.00 2.21 Brazil Oct 0.94 6.60 6.70 0.50 12.20 0.70 1.34 Nov 0.94 6.60 6.70 0.50 12.20 0.70 1.34 China Oct 151.68 136.00 7.50 20.00 130.00 1.00 164.18 Nov 151.68 136.00 8.00 21.00 131.00 1.00 163.68 Japan Oct 1.20 1.10 5.60 0.60 6.30 0.28 1.32 Nov 1.20 1.10 5.60 0.60 6.30 0.28 1.32 N. Africa 7/ Oct 14.33 16.64 29.90 1.75 46.95 0.99 12.93 Nov 14.36 16.64 29.70 1.75 46.95 0.99 12.76 Nigeria Oct 0.21 0.06 5.10 0.05 4.76 0.40 0.21 Nov 0.30 0.06 5.10 0.05 4.76 0.40 0.30 Sel. Mideast 8/ Oct 12.54 22.18 18.25 3.62 39.40 0.67 12.90 Nov 12.70 22.20 18.20 3.62 39.41 0.67 13.02 Southeast Asia 9/ Oct 5.25 0.00 26.35 6.94 24.74 1.07 5.79 Nov 5.99 0.00 26.35 7.39 25.24 1.09 6.01 Selected Other India Oct 23.99 107.59 0.03 6.50 99.50 1.00 31.11 Nov 23.99 107.59 0.03 6.50 99.50 1.00 31.11 Kazakhstan Oct 0.69 12.50 0.20 1.40 6.20 6.30 0.89 Nov 0.63 12.50 0.20 1.40 6.20 6.50 0.63 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discr epancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2020 WASDE - 606 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 370.19 1,397.58 194.33 852.54 1,420.94 212.81 346.84 World Less China 147.21 1,133.63 183.79 657.09 1,133.92 212.74 136.44 United States 57.92 377.90 2.63 143.10 323.02 54.97 60.47 Total Foreign 312.27 1,019.68 191.70 709.44 1,097.92 157.84 286.37 Major Exporters 4/ 27.12 293.19 5.65 127.91 172.32 134.04 19.60 Argentina 3.37 59.22 0.00 12.28 18.09 40.89 3.61 Australia 2.29 11.51 0.01 5.29 7.30 4.08 2.43 Brazil 9.71 104.33 2.32 59.95 70.98 39.72 5.65 Canada 4.57 26.20 2.62 16.18 24.10 5.98 3.30 Russia 1.37 35.00 0.05 18.80 27.37 7.84 1.22 Ukraine 2.91 44.50 0.06 8.33 11.36 34.07 2.05 Major Importers 5/ 39.30 243.71 144.25 294.80 379.72 11.12 36.43 European Union 6/ 15.66 148.25 26.49 126.00 168.19 8.83 13.38 Japan 1.80 0.18 17.73 13.84 17.95 0.00 1.75 Mexico 6.18 33.40 17.36 31.27 50.51 0.72 5.71 N. Afr & Mideast 7/ 7.80 31.09 39.90 62.17 70.48 0.89 7.41 Saudi Arabia 2.63 0.29 10.17 10.75 11.13 0.00 1.97 Southeast Asia 8/ 2.56 30.19 17.04 37.89 45.72 0.68 3.38 South Korea 1.86 0.23 10.96 8.59 11.20 0.00 1.86 Selected Other China 222.98 263.96 10.54 195.45 287.01 0.07 210.40 2019/20 Est. Beginning Stocks Production Imports Domes tic Feed Domes tic Total 2/ Exports Ending Stocks World 3/ 346.84 1,411.31 200.92 878.98 1,426.44 207.53 331.70 World Less China 136.44 1,143.10 183.43 678.16 1,131.37 207.49 130.72 United States 60.47 359.43 3.11 152.82 318.77 50.51 53.74 Total Foreign 286.37 1,051.87 197.81 726.16 1,107.67 157.02 277.96 Major Exporters 4/ 19.60 306.28 4.21 134.37 178.95 129.28 21.86 Argentina 3.61 58.13 0.01 12.12 17.68 41.11 2.96 Australia 2.43 10.44 0.01 4.98 6.95 3.54 2.38 Brazil 5.65 105.57 1.90 62.01 73.14 34.01 5.97 Canada 3.30 28.61 1.92 17.50 24.85 5.01 3.98 Russia 1.22 40.50 0.19 22.19 31.29 8.76 1.86 Ukraine 2.05 46.55 0.03 8.69 11.81 34.35 2.46 Major Importers 5/ 36.43 257.32 142.71 298.29 384.74 15.55 36.17 European Union 6/ 13.38 161.82 19.68 124.55 167.86 13.37 13.66 Japan 1.75 0.22 17.63 13.83 17.90 0.00 1.70 Mexico 5.71 31.91 17.48 30.85 50.28 1.00 3.83 N. Afr & Mideast 7/ 7.41 33.34 41.85 65.41 73.88 0.59 8.13 Saudi Arabia 1.97 0.27 11.34 11.15 11.51 0.00 2.07 Southeast Asia 8/ 3.38 29.40 18.26 38.55 46.59 0.59 3.86 South Korea 1.86 0.28 11.99 9.55 12.10 0.00 2.03 Selected Other China 210.40 268.20 17.50 200.82 295.07 0.04 200.98 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some coun tries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, an d Ukraine. 5/ The European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ In donesia, Malaysia, Philippines, Thailand, and Vietnam. November 2020 WASDE - 606 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Oct 332.42 1,458.84 214.53 899.01 1,460.67 222.87 330.59 Nov 331.70 1,447.75 216.06 896.81 1,458.02 223.77 321.43 World Less China Oct 131.23 1,191.47 195.78 697.21 1,162.69 222.80 141.33 Nov 130.72 1,180.37 190.01 690.81 1,155.74 223.70 129.37 United States Oct 53.74 388.20 2.69 150.58 320.68 65.83 58.13 Nov 53.74 382.75 2.69 148.68 318.77 74.08 46.32 Total Foreign Oct 278.68 1,070.64 211.84 748.43 1,140.00 157.04 272.47 Nov 277.96 1,065.00 213.37 748.14 1,139.24 149.69 275.11 Major Exporters 4/ Oct 22.08 316.20 4.15 137.73 183.07 133.46 25.89 Nov 21.86 309.58 4.15 138.20 183.69 125.26 26.65 Argentina Oct 2.96 56.66 0.01 13.39 19.05 37.01 3.57 Nov 2.96 57.03 0.01 13.46 19.12 37.11 3.77 Australia Oct 2.38 14.26 0.00 6.08 8.15 5.35 3.14 Nov 2.38 14.26 0.00 6.08 8.15 5.35 3.14 Brazil Oct 5.97 113.41 2.20 63.08 74.22 39.01 8.35 Nov 5.97 113.41 2.20 63.08 74.22 39.01 8.35 Canada Oct 3.95 29.60 1.76 17.47 25.25 5.70 4.36 Nov 3.98 29.60 1.76 17.47 25.25 5.70 4.39 Russia Oct 1.86 41.93 0.07 22.83 32.03 9.48 2.35 Nov 1.86 40.93 0.07 22.83 32.03 8.68 2.15 Ukraine Oct 2.46 45.70 0.02 8.20 11.38 34.61 2.18 Nov 2.46 37.71 0.02 8.20 11.40 26.61 2.18 Major Importers 5/ Oct 36.27 260.48 153.12 313.52 401.39 10.42 38.06 Nov 36.17 261.03 147.22 307.72 395.66 11.47 37.28 European Union 6/ Oct 13.42 161.93 24.26 131.40 175.85 8.84 14.91 Nov 13.66 162.60 20.26 128.40 172.90 9.34 14.27 Japan Oct 1.66 0.25 17.62 13.86 17.93 0.00 1.60 Nov 1.70 0.25 17.62 13.86 17.93 0.00 1.65 Mexico Oct 3.93 33.59 18.75 31.86 51.29 0.90 4.08 Nov 3.83 33.59 17.75 30.86 50.29 0.90 3.98 N. Afr & Mideast 7/ Oct 8.30 33.81 44.26 69.19 77.72 0.12 8.53 Nov 8.13 33.67 43.26 67.59 76.12 0.67 8.27 Saudi Arabia Oct 2.34 0.27 12.21 12.05 12.41 0.00 2.41 Nov 2.07 0.27 12.01 11.55 11.91 0.00 2.44 Southeast Asia 8/ Oct 3.90 30.35 19.73 41.35 49.52 0.56 3.89 Nov 3.86 30.35 19.73 41.35 49.52 0.56 3.85 South Korea Oct 1.92 0.20 11.91 9.45 12.09 0.00 1.95 Nov 2.03 0.22 12.11 9.65 12.31 0.00 2.04 Selected Other China Oct 201.19 267.38 18.75 201.80 297.98 0.07 189.26 Nov 200.98 267.38 26.05 206.00 302.28 0.07 192.06 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ The European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2020 WASDE - 606 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 340.76 1,123.35 164.42 703.43 1,144.29 181.73 319.83 World Less China 118.24 866.18 159.94 512.43 870.29 181.71 109.66 United States 54.37 364.26 0.71 137.91 310.45 52.48 56.41 Total Foreign 286.39 759.09 163.71 565.53 833.84 129.25 263.42 Major Exporters 4/ 16.16 211.04 2.25 86.34 108.04 111.47 9.95 Argentina 2.41 51.00 0.00 9.70 13.80 37.24 2.37 Brazil 9.32 101.00 1.66 57.00 67.00 39.68 5.29 Russia 0.20 11.42 0.04 7.60 8.50 2.77 0.38 South Africa 2.67 11.82 0.51 7.04 12.54 1.45 1.02 Ukraine 1.57 35.81 0.04 5.00 6.20 30.32 0.89 Major Importers 5/ 23.25 129.06 99.36 169.33 224.47 5.03 22.17 Egypt 1.85 6.80 9.37 13.70 16.20 0.00 1.81 European Union 6/ 9.16 64.36 25.25 67.00 87.50 3.63 7.64 Japan 1.39 0.00 16.05 12.30 16.00 0.00 1.45 Mexico 5.65 27.60 16.66 25.90 44.10 0.72 5.09 Southeast Asia 7/ 2.54 30.14 16.66 37.60 45.30 0.68 3.37 South Korea 1.85 0.08 10.86 8.56 10.95 0.00 1.84 Selected Other 0.00 Canada 2.42 13.89 2.56 9.30 15.09 1.80 1.98 China 222.53 257.17 4.48 191.00 274.00 0.02 210.16 2019/20 Est. Beginning Stocks Production Imports Domes tic Feed Domes tic Total 2/ Exports Ending Stocks World 3/ 319.83 1,116.19 165.79 713.61 1,132.68 171.01 303.33 World Less China 109.66 855.41 158.20 520.61 854.68 171.00 102.81 United States 56.41 345.96 1.06 148.02 307.58 45.17 50.68 Total Foreign 263.42 770.22 164.73 565.60 825.10 125.84 252.65 Major Exporters 4/ 9.95 219.16 1.28 89.20 111.15 107.90 11.33 Argentina 2.37 51.00 0.01 9.50 13.50 38.00 1.87 Brazil 5.29 102.00 1.20 59.00 69.00 34.00 5.49 Russia 0.38 14.28 0.05 8.70 9.70 4.20 0.80 South Africa 1.02 16.00 0.00 6.80 12.60 2.50 1.92 Ukraine 0.89 35.89 0.02 5.20 6.35 29.20 1.25 Major Importers 5/ 22.17 129.10 95.68 164.40 220.25 6.40 20.29 Egypt 1.81 6.40 10.60 14.60 17.10 0.01 1.70 European Union 6/ 7.64 66.70 19.00 60.20 81.40 4.80 7.14 Japan 1.45 0.00 15.89 12.30 15.95 0.00 1.39 Mexico 5.09 26.50 16.53 25.60 43.80 1.00 3.32 Southeast Asia 7/ 3.37 29.35 17.37 37.80 45.65 0.59 3.85 South Korea 1.84 0.08 11.89 9.50 11.80 0.00 2.00 Selected Other 0.00 Canada 1.98 13.40 1.84 8.66 13.96 0.71 2.56 China 210.16 260.78 7.60 193.00 278.00 0.01 200.53 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting dis crepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2020 WASDE - 606 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Oct 304.24 1,158.82 177.81 731.31 1,162.60 184.47 300.45 Nov 303.33 1,144.63 178.23 725.71 1,156.54 184.77 291.43 World Less China Oct 103.31 898.82 170.81 539.31 883.60 184.45 111.55 Nov 102.81 884.63 165.23 530.71 874.54 184.75 99.92 United States Oct 50.68 373.95 0.64 146.69 311.16 59.06 55.04 Nov 50.68 368.49 0.64 144.79 309.26 67.31 43.23 Total Foreign Oct 253.55 784.87 177.17 584.62 851.43 125.41 245.41 Nov 252.65 776.14 177.59 580.92 847.28 117.46 248.19 Major Exporters 4/ Oct 11.62 225.50 1.56 92.40 114.40 109.70 14.58 Nov 11.33 218.50 1.56 92.80 114.90 101.40 15.09 Argentina Oct 1.87 50.00 0.01 11.00 15.00 34.00 2.88 Nov 1.87 50.00 0.01 11.00 15.00 34.00 2.88 Brazil Oct 5.49 110.00 1.50 60.00 70.00 39.00 7.99 Nov 5.49 110.00 1.50 60.00 70.00 39.00 7.99 Russia Oct 0.80 15.00 0.04 9.90 11.00 3.90 0.94 Nov 0.80 14.00 0.04 9.90 11.00 3.10 0.74 South Africa Oct 2.21 14.00 0.00 6.60 12.30 2.30 1.61 Nov 1.92 16.00 0.00 7.00 12.80 2.80 2.32 Ukraine Oct 1.25 36.50 0.02 4.90 6.10 30.50 1.16 Nov 1.25 28.50 0.02 4.90 6.10 22.50 1.16 Major Importers 5/ Oct 20.26 130.96 104.05 173.35 230.35 3.97 20.95 Nov 20.29 129.06 99.35 167.15 224.15 3.97 20.58 Egypt Oct 1.70 6.40 11.00 14.80 17.30 0.01 1.79 Nov 1.70 6.40 11.00 14.80 17.30 0.01 1.79 European Union 6/ Oct 7.17 66.10 24.00 65.00 87.00 2.50 7.77 Nov 7.14 64.20 20.00 59.50 81.50 2.50 7.34 Japan Oct 1.40 0.00 16.00 12.40 16.05 0.00 1.35 Nov 1.39 0.00 16.00 12.40 16.05 0.00 1.34 Mexico Oct 3.39 28.00 18.30 27.00 45.25 0.90 3.54 Nov 3.32 28.00 17.30 26.00 44.25 0.90 3.47 Southeast Asia 7/ Oct 3.89 30.30 18.65 40.40 48.40 0.56 3.88 Nov 3.85 30.30 18.65 40.40 48.40 0.56 3.84 South Korea Oct 1.91 0.08 11.80 9.40 11.85 0.00 1.93 Nov 2.00 0.08 12.00 9.60 12.05 0.00 2.03 Selected Other Canada Oct 2.53 14.00 1.70 9.60 14.80 1.00 2.43 Nov 2.56 14.00 1.70 9.60 14.80 1.00 2.46 China Oct 200.92 260.00 7.00 192.00 279.00 0.02 188.90 Nov 200.53 260.00 13.00 195.00 282.00 0.02 191.51 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2020 WASDE - 606 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 164.22 497.04 44.05 484.34 43.89 176.93 World Less China 55.22 348.55 40.85 341.42 41.12 61.93 United States 0.93 7.11 0.92 4.57 2.97 1.42 Total Foreign 163.29 489.93 43.13 479.77 40.92 175.50 Major Exporters 4/ 28.88 184.66 0.76 145.71 31.76 36.84 Burma 0.81 13.20 0.01 10.25 2.70 1.07 India 22.60 116.48 0.00 99.16 10.42 29.50 Pakistan 1.42 7.30 0.00 3.30 4.49 0.93 Thailand 3.01 20.34 0.25 11.80 7.56 4.24 Vietnam 1.03 27.34 0.50 21.20 6.58 1.10 Major Importers 5/ 122.91 239.14 17.13 247.82 3.18 128.19 China 109.00 148.49 3.20 142.92 2.77 115.00 European Union 6/ 1.18 1.96 2.15 3.80 0.30 1.19 Indonesia 5.56 34.20 0.60 36.30 0.00 4.06 Nigeria 1.58 4.54 1.90 6.80 0.00 1.22 Philippines 2.29 11.73 3.60 14.10 0.00 3.52 Sel. Mideast 7/ 1.23 2.01 3.93 5.90 0.00 1.27 Selected Other 0.00 Brazil 0.59 7.14 0.75 7.35 0.88 0.25 C. Amer & Carib 8/ 0.54 1.73 1.79 3.42 0.04 0.60 Egypt 1.56 2.80 0.81 4.20 0.02 0.95 Japan 2.22 7.66 0.63 8.40 0.07 2.05 Mexico 0.15 0.19 0.74 0.92 0.03 0.14 South Korea 1.56 3.87 0.29 4.57 0.05 1.09 2019/20 Est. Beginning Stocks Production Imports Total /2 Domes tic Exports Ending Stocks World 3/ 176.93 496.07 41.22 495.09 42.87 177.91 World Less China 61.93 349.34 38.82 350.06 40.27 61.41 United States 1.42 5.86 1.19 4.57 2.99 0.91 Total Foreign 175.50 490.21 40.04 490.51 39.88 177.00 Major Exporters 4/ 36.84 183.13 0.66 152.68 30.50 37.45 Burma 1.07 12.70 0.01 10.35 2.30 1.13 India 29.50 118.43 0.00 105.93 12.30 29.70 Pakistan 0.93 7.20 0.00 3.30 4.00 0.83 Thailand 4.24 17.66 0.25 12.00 5.50 4.64 Vietnam 1.10 27.15 0.40 21.10 6.40 1.15 Major Importers 5/ 128.19 239.12 13.57 249.43 2.97 128.49 China 115.00 146.73 2.40 145.03 2.60 116.50 European Union 6/ 1.19 1.98 2.44 4.05 0.31 1.25 Indonesia 4.06 34.00 0.55 35.50 0.00 3.11 Nigeria 1.22 5.04 1.00 6.55 0.00 0.71 Philippines 3.52 11.93 2.45 14.30 0.00 3.60 Sel. Mideast 7/ 1.27 2.34 3.65 6.00 0.00 1.26 Selected Other 0.00 Brazil 0.25 7.60 0.85 7.20 1.10 0.40 C. Amer & Carib 8/ 0.60 1.55 1.89 3.38 0.04 0.62 Egypt 0.95 4.30 0.27 4.30 0.02 1.20 Japan 2.05 7.61 0.69 8.35 0.07 1.92 Mexico 0.14 0.17 0.83 0.95 0.01 0.18 South Korea 1.09 3.74 0.45 4.10 0.06 1.13 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia , Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. November 2020 WASDE - 606 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Oct 177.11 501.47 41.85 499.44 44.32 179.15 Nov 177.91 501.11 42.15 499.24 44.30 179.78 World Less China Oct 60.61 354.47 39.65 353.14 41.42 62.65 Nov 61.41 354.11 39.95 352.74 41.60 63.28 United States Oct 0.91 7.19 1.18 4.62 3.14 1.52 Nov 0.91 7.18 1.18 4.62 3.08 1.57 Total Foreign Oct 176.20 494.29 40.67 494.82 41.17 177.63 Nov 177.00 493.93 40.96 494.62 41.22 178.20 Major Exporters 4/ Oct 37.55 186.10 0.61 153.10 32.10 39.06 Nov 37.45 186.10 0.61 153.10 32.10 38.96 Burma Oct 1.13 12.90 0.01 10.50 2.20 1.34 Nov 1.13 12.90 0.01 10.50 2.20 1.34 India Oct 30.00 120.00 0.00 106.00 12.50 31.50 Nov 29.70 120.00 0.00 106.00 12.50 31.20 Pakistan Oct 0.83 7.60 0.00 3.40 4.10 0.93 Nov 0.83 7.60 0.00 3.40 4.10 0.93 Thailand Oct 4.64 18.60 0.20 12.00 7.00 4.44 Nov 4.64 18.60 0.20 12.00 7.00 4.44 Vietnam Oct 0.95 27.00 0.40 21.20 6.30 0.85 Nov 1.15 27.00 0.40 21.20 6.30 1.05 Major Importers 5/ Oct 127.69 240.29 13.85 251.25 3.27 127.31 Nov 128.49 239.58 14.00 251.20 3.07 127.80 China Oct 116.50 147.00 2.20 146.30 2.90 116.50 Nov 116.50 147.00 2.20 146.50 2.70 116.50 European Union 6/ Oct 1.17 1.99 2.35 4.10 0.32 1.09 Nov 1.25 1.98 2.40 4.15 0.32 1.16 Indonesia Oct 3.11 34.90 0.50 35.40 0.00 3.11 Nov 3.11 34.90 0.50 35.40 0.00 3.11 Nigeria Oct 0.71 5.04 1.20 6.40 0.00 0.55 Nov 0.71 5.04 1.20 6.40 0.00 0.55 Philippines Oct 3.60 11.70 2.60 14.40 0.00 3.50 Nov 3.60 11.70 2.60 14.40 0.00 3.50 Sel. Mideast 7/ Oct 0.85 2.27 3.70 6.05 0.00 0.76 Nov 1.26 2.27 3.70 6.05 0.00 1.17 Selected Other Brazil Oct 0.40 7.48 0.80 7.20 0.90 0.58 Nov 0.40 7.48 0.80 7.20 0.90 0.58 C. Amer & Carib 8/ Oct 0.65 1.55 1.90 3.41 0.03 0.66 Nov 0.62 1.64 1.90 3.48 0.03 0.65 Egypt Oct 1.20 4.00 0.25 4.30 0.02 1.13 Nov 1.20 4.00 0.25 4.30 0.02 1.13 Japan Oct 1.92 7.62 0.69 8.25 0.08 1.90 Nov 1.92 7.62 0.69 8.25 0.08 1.90 Mexico Oct 0.18 0.19 0.80 0.97 0.01 0.20 Nov 0.18 0.19 0.80 0.97 0.01 0.20 South Korea Oct 1.16 3.86 0.45 4.00 0.06 1.41 Nov 1.13 3.85 0.45 4.00 0.06 1.38 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. November 2020 WASDE - 606 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2018/19 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 81.11 118.58 42.43 120.19 41.64 0.04 80.25 World Less China 43.11 90.83 32.79 80.69 41.43 0.04 44.58 United States 4.20 18.37 3/ 2.98 14.84 -0.09 4.85 Total Foreign 76.91 100.21 42.43 117.21 26.81 0.14 75.40 Major Exporters 4/ 26.93 54.54 2.48 33.02 22.33 0.02 28.57 Central Asia 5/ 2.67 5.44 3/ 3.80 2.04 0.00 2.28 Afr. Fr. Zone 6/ 1.61 5.43 3/ 0.17 5.47 0.00 1.41 S. Hemis. 7/ 13.19 17.24 0.18 4.39 10.86 0.01 15.34 Australia 3.04 2.20 3/ 0.04 3.63 0.00 1.57 Brazil 8.66 13.00 0.02 3.40 6.02 0.00 12.26 India 9.23 25.80 1.80 24.00 3.52 0.00 9.30 Major Importers 8/ 48.12 42.69 37.40 80.01 3.24 0.11 44.85 Mexico 0.66 1.74 0.85 2.00 0.52 0.03 0.69 China 37.99 27.75 9.64 39.50 0.21 0.00 35.67 European Union 9/ 0.30 1.71 0.64 0.70 1.72 0.03 0.22 Turkey 1.95 3.75 3.61 6.90 0.71 0.00 1.69 Pakistan 2.83 7.60 2.85 10.70 0.06 0.03 2.50 Indonesia 0.63 3/ 3.05 3.15 0.01 0.00 0.53 Thailand 0.20 3/ 1.08 1.08 0.00 0.03 0.18 Bangladesh 1.86 0.14 7.00 7.20 0.00 0.01 1.78 Vietnam 1.29 3/ 6.94 7.00 0.00 0.00 1.23 2019/20 Est. Beginning Stocks Production Imports Domes tic Use Exports Los s /2 Ending Stocks World 80.25 122.16 40.19 102.05 40.98 -0.03 99.59 World Less China 44.58 94.91 33.05 69.05 40.82 -0.03 62.69 United States 4.85 19.91 3/ 2.15 15.53 -0.16 7.25 Total Foreign 75.40 102.24 40.19 99.90 25.45 0.13 92.34 Major Exporters 4/ 28.57 58.57 2.88 28.27 20.98 0.02 40.74 Central Asia 5/ 2.28 5.96 3/ 3.94 1.58 0.00 2.72 Afr. Fr. Zone 6/ 1.41 5.91 3/ 0.14 4.64 0.00 2.53 S. Hemis. 7/ 15.34 16.75 0.15 3.59 11.28 0.01 17.36 Australia 1.57 0.63 3/ 0.04 1.36 0.00 0.80 Brazil 12.26 13.78 0.01 2.70 8.94 0.00 14.40 India 9.30 29.50 2.28 20.00 3.20 0.00 17.88 Major Importers 8/ 44.85 40.62 34.94 68.00 3.18 0.11 49.12 Mexico 0.69 1.57 0.59 1.50 0.66 0.03 0.67 China 35.67 27.25 7.14 33.00 0.16 0.00 36.90 European Union 9/ 0.22 2.00 0.58 0.60 1.82 0.03 0.34 Turkey 1.69 3.45 4.67 6.60 0.45 0.00 2.77 Pakistan 2.50 6.20 3.98 9.20 0.06 0.03 3.39 Indonesia 0.53 3/ 2.51 2.50 0.00 0.00 0.54 Thailand 0.18 3/ 0.70 0.70 0.00 0.03 0.15 Bangladesh 1.78 0.14 7.00 6.50 0.00 0.01 2.42 Vietnam 1.23 3/ 6.48 6.10 0.00 0.00 1.61 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. November 2020 WASDE - 606 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2020/21 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Oct 99.21 116.27 42.23 114.21 42.24 0.13 101.13 Nov 99.59 116.11 42.84 114.05 42.87 0.18 101.44 World Less China Oct 62.31 89.02 32.73 76.71 42.11 0.13 65.11 Nov 62.69 88.61 33.34 76.55 42.75 0.18 65.16 United States Oct 7.25 17.05 3/ 2.50 14.60 0.00 7.20 Nov 7.25 17.09 3/ 2.50 14.60 0.05 7.20 filler filler filler filler filler filler filler Total Foreign Oct 91.96 99.23 42.23 111.71 27.64 0.13 93.93 Nov 92.34 99.02 42.83 111.55 28.27 0.13 94.24 Major Exporters 4/ Oct 40.42 57.40 1.71 31.83 23.87 0.02 43.81 Nov 40.74 57.83 1.71 31.88 24.42 0.02 43.96 Central Asia 5/ Oct 2.72 5.72 3/ 4.14 1.51 0.00 2.80 Nov 2.72 5.75 3/ 4.19 1.56 0.00 2.72 Afr. Fr. Zone 6/ Oct 2.53 5.00 3/ 0.14 4.98 0.00 2.41 Nov 2.53 5.00 3/ 0.14 4.98 0.00 2.41 S. Hemis. 7/ Oct 17.03 16.33 0.16 3.92 12.12 0.01 17.47 Nov 17.36 16.73 0.16 3.92 12.62 0.01 17.69 Australia Oct 0.80 2.10 3/ 0.04 1.30 0.00 1.57 Nov 0.80 2.50 3/ 0.04 1.50 0.00 1.77 filler filler filler filler filler filler filler Brazil Oct 14.07 12.00 0.03 3.00 9.70 0.00 13.40 Nov 14.40 12.00 0.03 3.00 10.00 0.00 13.43 India Oct 17.88 30.00 1.00 23.00 5.00 0.00 20.88 Nov 17.88 30.00 1.00 23.00 5.00 0.00 20.88 Major Importers 8/ Oct 49.07 38.66 37.97 75.93 2.35 0.11 47.32 Nov 49.12 38.03 38.58 75.72 2.43 0.11 47.47 Mexico Oct 0.67 1.05 0.60 1.60 0.20 0.03 0.49 Nov 0.67 1.05 0.60 1.60 0.20 0.03 0.49 China Oct 36.90 27.25 9.50 37.50 0.13 0.00 36.02 Nov 36.90 27.50 9.50 37.50 0.13 0.00 36.27 European Union 9/ Oct 0.35 1.61 0.60 0.67 1.60 0.03 0.27 Nov 0.34 1.53 0.61 0.66 1.58 0.03 0.21 Turkey Oct 2.71 2.80 4.30 7.00 0.33 0.00 2.49 Nov 2.77 2.80 4.40 7.00 0.45 0.00 2.52 Pakistan Oct 3.39 5.80 3.80 10.00 0.08 0.03 2.89 Nov 3.39 5.00 4.30 9.80 0.05 0.03 2.82 Indonesia Oct 0.54 3/ 2.90 2.90 0.01 0.00 0.54 Nov 0.54 3/ 2.90 2.90 0.01 0.00 0.54 Thailand Oct 0.15 3/ 0.85 0.83 0.00 0.03 0.15 Nov 0.15 3/ 0.85 0.83 0.00 0.03 0.15 Bangladesh Oct 2.42 0.15 7.30 7.30 0.00 0.01 2.55 Nov 2.42 0.15 7.30 7.30 0.00 0.01 2.55 Vietnam Oct 1.61 3/ 6.80 6.80 0.00 0.00 1.61 Nov 1.61 3/ 6.80 6.80 0.00 0.00 1.61 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. November 2020 WASDE - 606 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 98.81 361.06 145.26 297.92 343.46 148.82 112.85 World Less China 75.75 345.10 62.72 212.92 241.46 148.71 93.40 United States 11.92 120.52 0.38 56.94 60.40 47.68 24.74 Total Foreign 86.89 240.55 144.88 240.98 283.06 101.15 88.11 Major Exporters 3/ 56.95 186.34 6.56 86.79 96.53 91.64 61.69 Argentina 23.73 55.30 6.41 40.57 47.45 9.10 28.89 Brazil 32.70 119.70 0.14 42.53 45.18 74.89 32.47 Paraguay 0.51 8.51 0.01 3.62 3.82 4.90 0.32 Major Importers 4/ 25.67 19.84 115.02 113.03 138.08 0.32 22.13 China 23.06 15.97 82.54 85.00 102.00 0.12 19.46 European Union 1.40 2.67 14.98 15.60 17.26 0.18 1.61 Southeast Asia 0.84 0.66 8.31 3.81 9.08 0.02 0.71 Mexico 0.17 0.34 5.87 6.15 6.20 0.00 0.18 2019/20 Est. Beginning Stocks Production Imports Domes tic C rus h Domes tic Tota l Exports Ending Stocks World 2/ 112.85 336.69 164.34 308.27 353.87 164.67 95.34 World Less China 93.40 318.59 65.81 216.77 244.67 164.58 68.54 United States 24.74 96.67 0.42 58.91 61.96 45.62 14.25 Total Foreign 88.11 240.02 163.93 249.36 291.91 119.05 81.09 Major Exporters 3/ 61.69 186.89 5.46 86.53 96.11 110.33 47.59 Argentina 28.89 49.00 4.88 38.75 45.80 9.97 27.00 Brazil 32.47 126.00 0.55 44.25 46.48 92.24 20.30 Paraguay 0.32 9.90 0.02 3.45 3.75 6.20 0.29 Major Importers 4/ 22.13 21.77 132.84 121.00 146.86 0.31 29.57 China 19.46 18.10 98.53 91.50 109.20 0.09 26.80 European Union 1.61 2.62 15.60 16.30 18.01 0.20 1.61 Southeast Asia 0.71 0.61 9.32 4.50 9.82 0.02 0.80 Mexico 0.18 0.24 6.00 6.20 6.25 0.00 0.16 2020/21 Proj. Beginning Stocks Production Imports Domes tic C rus h Domes tic Tota l Exports Ending Stocks World 2/ Oct 93.75 368.47 164.95 322.42 370.59 167.88 88.70 Nov 95.34 362.64 165.39 320.89 369.03 167.82 86.52 World Less China Oct 68.09 350.97 64.95 223.42 253.19 167.78 63.04 Nov 68.54 345.14 65.39 221.89 251.63 167.72 59.72 United States Oct 14.25 116.15 0.41 59.33 63.03 59.87 7.90 Nov 14.25 113.50 0.41 59.33 63.11 59.87 5.17 Total Foreign Oct 79.51 252.32 164.54 263.09 307.56 108.00 80.80 Nov 81.09 249.14 164.98 261.56 305.92 107.94 81.35 Major Exporters 3/ Oct 47.02 198.84 4.41 91.38 101.52 100.32 48.44 Nov 47.59 196.34 4.41 89.38 99.48 100.32 48.54 Argentina Oct 26.40 53.50 4.00 42.00 49.20 7.00 27.70 Nov 27.00 51.00 4.00 40.00 47.20 7.00 27.80 Brazil Oct 20.34 133.00 0.40 45.50 48.14 85.00 20.60 Nov 20.30 133.00 0.40 45.50 48.10 85.00 20.60 Paraguay Oct 0.29 10.25 0.01 3.80 4.10 6.30 0.14 Nov 0.29 10.25 0.01 3.80 4.10 6.30 0.14 Major Importers 4/ Oct 28.54 21.43 134.19 128.54 155.40 0.38 28.38 Nov 29.57 21.43 134.69 129.44 156.30 0.38 29.02 China Oct 25.66 17.50 100.00 99.00 117.40 0.10 25.66 Nov 26.80 17.50 100.00 99.00 117.40 0.10 26.80 European Union Oct 1.71 2.75 14.90 15.90 17.61 0.25 1.50 Nov 1.61 2.75 15.40 16.80 18.51 0.25 1.00 Southeast Asia Oct 0.80 0.60 9.78 4.72 10.27 0.03 0.88 Nov 0.80 0.60 9.78 4.72 10.27 0.03 0.88 Mexico Oct 0.16 0.35 6.10 6.40 6.47 0.00 0.14 Nov 0.16 0.35 6.10 6.40 6.47 0.00 0.14 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to rounding. November 2020 WASDE - 606 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 14.07 233.45 62.76 229.92 67.72 12.64 World Less China 14.07 166.13 62.74 163.52 66.79 12.64 United States 0.50 44.28 0.62 32.85 12.19 0.37 Total Foreign 13.56 189.17 62.14 197.07 55.53 12.28 Major Exporters 3/ 6.99 71.84 0.10 26.05 47.11 5.76 Argentina 2.48 31.20 0.03 3.13 28.83 1.74 Brazil 4.30 32.96 0.02 17.65 16.09 3.54 India 0.22 7.68 0.05 5.28 2.19 0.48 Major Importers 4/ 1.82 22.02 38.90 60.21 0.59 1.95 European Union 0.26 12.32 18.76 30.39 0.37 0.58 Mexico 0.17 4.86 1.89 6.65 0.01 0.26 Southeast Asia 5/ 1.27 2.98 16.66 19.70 0.20 1.01 2019/20 Est. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ 12.64 242.21 62.61 240.37 66.96 10.13 World Less China 12.64 169.75 62.56 168.86 65.95 10.13 United States 0.37 46.36 0.58 34.22 12.77 0.31 Total Foreign 12.28 195.86 62.03 206.15 54.19 9.82 Major Exporters 3/ 5.76 70.87 0.04 26.96 45.66 4.05 Argentina 1.74 29.80 0.00 3.18 27.30 1.06 Brazil 3.54 34.35 0.01 18.06 17.51 2.33 India 0.48 6.72 0.03 5.72 0.85 0.66 Major Importers 4/ 1.95 23.15 38.48 61.67 0.57 1.34 European Union 0.58 12.88 17.70 30.69 0.35 0.11 Mexico 0.26 4.90 1.84 6.90 0.01 0.10 Southeast Asia 5/ 1.01 3.51 17.23 20.51 0.21 1.04 2020/21 Proj. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ Oct 9.90 253.32 64.73 250.52 67.81 9.62 Nov 10.13 252.32 63.11 250.19 66.47 8.90 World Less China Oct 9.90 174.91 64.72 173.10 66.81 9.62 Nov 10.13 173.91 63.10 172.77 65.47 8.90 United States Oct 0.36 46.63 0.36 34.75 12.25 0.36 Nov 0.31 46.64 0.36 34.75 12.25 0.32 Total Foreign Oct 9.54 206.69 64.37 215.78 55.56 9.26 Nov 9.82 205.68 62.75 215.45 54.22 8.58 Major Exporters 3/ Oct 4.69 75.60 0.07 27.99 47.87 4.50 Nov 4.05 73.63 0.06 27.84 46.17 3.73 Argentina Oct 1.86 32.33 0.00 3.40 29.00 1.79 Nov 1.06 30.75 0.00 3.25 27.50 1.06 Brazil Oct 2.32 35.28 0.02 18.50 16.80 2.31 Nov 2.33 35.28 0.02 18.50 16.80 2.32 India Oct 0.51 8.00 0.05 6.09 2.07 0.41 Nov 0.66 7.60 0.04 6.09 1.87 0.34 Major Importers 4/ Oct 1.31 23.21 40.17 62.53 0.52 1.63 Nov 1.34 23.92 38.98 62.33 0.53 1.38 European Union Oct 0.23 12.56 18.85 30.89 0.30 0.45 Nov 0.11 13.27 18.05 30.97 0.30 0.17 Mexico Oct 0.07 5.06 2.00 7.05 0.01 0.07 Nov 0.10 5.06 1.93 6.98 0.01 0.10 Southeast Asia 5/ Oct 0.91 3.69 17.62 20.99 0.21 1.01 Nov 1.04 3.69 17.30 20.79 0.22 1.02 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. November 2020 WASDE - 606 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 3.89 55.79 10.38 54.91 11.18 3.97 World Less China 3.32 40.56 9.60 39.02 10.98 3.47 United States 0.91 10.98 0.18 10.38 0.88 0.81 Total Foreign 2.98 44.82 10.20 44.53 10.30 3.17 Major Exporters 3/ 0.81 19.74 0.45 12.23 7.79 0.98 Argentina 0.27 7.91 0.00 2.57 5.27 0.34 Brazil 0.37 8.18 0.02 7.17 1.08 0.33 European Union 0.15 2.96 0.42 2.46 0.79 0.29 Major Importers 4/ 1.03 18.02 6.33 24.01 0.25 1.11 China 0.57 15.23 0.78 15.89 0.20 0.50 India 0.17 1.73 3.00 4.75 0.01 0.14 North Africa 5/ 0.19 0.73 1.56 2.21 0.05 0.23 2019/20 Est. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ 3.97 57.74 11.01 56.58 11.92 4.23 World Less China 3.47 41.34 10.01 39.48 11.76 3.58 United States 0.81 11.30 0.15 10.12 1.29 0.84 Total Foreign 3.17 46.44 10.86 46.45 10.63 3.39 Major Exporters 3/ 0.98 19.93 0.55 12.29 7.97 1.18 Argentina 0.34 7.67 0.00 2.33 5.40 0.29 Brazil 0.33 8.50 0.07 7.39 1.16 0.35 European Union 0.29 3.10 0.48 2.54 0.78 0.54 Major Importers 4/ 1.11 19.29 6.86 25.70 0.26 1.31 China 0.50 16.40 1.00 17.09 0.16 0.65 India 0.14 1.51 3.50 5.00 0.02 0.14 North Africa 5/ 0.23 0.91 1.67 2.36 0.09 0.37 2020/21 Proj. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ Oct 4.08 60.30 10.98 59.22 12.08 4.07 Nov 4.23 60.14 11.01 59.35 11.92 4.11 World Less China Oct 3.43 42.56 9.88 40.53 11.93 3.42 Nov 3.58 42.40 9.91 40.66 11.77 3.46 United States Oct 0.79 11.46 0.16 10.43 1.18 0.80 Nov 0.84 11.46 0.16 10.43 1.18 0.85 Total Foreign Oct 3.30 48.84 10.82 48.79 10.90 3.27 Nov 3.39 48.68 10.85 48.92 10.74 3.26 Major Exporters 3/ Oct 1.14 20.65 0.46 12.60 8.50 1.15 Nov 1.18 20.58 0.46 12.60 8.31 1.31 Argentina Oct 0.24 8.16 0.00 2.35 5.80 0.25 Nov 0.29 7.92 0.00 2.35 5.60 0.25 Brazil Oct 0.35 8.75 0.04 7.57 1.20 0.37 Nov 0.35 8.75 0.04 7.57 1.20 0.37 European Union Oct 0.52 3.02 0.42 2.64 0.83 0.50 Nov 0.54 3.19 0.42 2.64 0.83 0.69 Major Importers 4/ Oct 1.25 20.98 6.62 27.26 0.31 1.28 Nov 1.31 20.90 6.84 27.57 0.31 1.15 China Oct 0.65 17.74 1.10 18.69 0.15 0.65 Nov 0.65 17.74 1.10 18.69 0.15 0.65 India Oct 0.14 1.80 3.14 4.93 0.01 0.14 Nov 0.14 1.71 3.35 5.10 0.01 0.09 North Africa 5/ Oct 0.31 0.88 1.64 2.32 0.16 0.35 Nov 0.37 0.88 1.64 2.45 0.16 0.28 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. November 2020 WASDE - 606 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2019 IV 7,001 7,478 14,535 11,175 1,467 12,773 27,308 2,414 54.0 Annual 27,155 27,638 55,015 43,905 5,818 50,251 105,266 9,447 218.4 2020 I 6,929 7,426 14,407 11,237 1,469 12,841 27,248 2,349 56.1 II 6,054 6,311 12,417 10,940 1,369 12,446 24,863 2,249 56.0 III 7,110 7,049 14,208 11,357 1,454 12,957 27,166 2,300 55.3 IV* 7,130 7,395 14,577 11,175 1,445 12,755 27,332 2,350 55.0 Annual Oct Proj. 27,138 28,157 55,505 44,602 5,738 50,888 106,392 9,253 222.3 Nov Proj. 27,223 28,181 55,609 44,709 5,737 50,999 106,608 9,248 222.5 2021 I* 6,845 7,240 14,136 10,990 1,420 12,540 26,676 2,290 56.3 II* 6,935 6,735 13,722 11,155 1,425 12,720 26,442 2,290 57.7 III* 6,845 7,045 13,941 11,545 1,445 13,135 27,076 2,370 56.1 Annual Oct Proj. 27,365 28,510 56,092 45,060 5,770 51,370 107,462 9,390 225.5 Nov Proj. 27,365 28,485 56,058 45,095 5,770 51,415 107,473 9,400 225.9 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2019 IV 114.88 43.11 80.6 97.8 117.2 20.60 Annual 116.78 47.95 88.6 89.2 94.0 18.63 2020 I 118.32 42.52 83.5 97.4 133.1 18.83 II 105.79 38.96 67.0 103.7 119.6 15.37 III 101.74 40.50 66.7 111.3 89.0 19.07 IV* 109.00 50.00 70.0 113.0 125.0 19.75 Annual Oct Proj. 108.71 43.25 70.8 106.1 116.7 18.00 Nov Proj. 108.71 43.00 71.8 106.4 116.7 18.25 2021 I* 113.00 47.00 77.0 103.0 113.0 18.65 II* 110.00 50.00 86.0 105.0 95.0 17.10 III* 114.00 48.00 77.0 106.0 105.0 17.05 Annual Oct Proj. 114 47 79 106 110 17.60 Nov Proj. 114 47 79 106 110 17.70 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8 -16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. November 2020 WASDE - 606 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2019 662 27,224 3,058 30,944 3,026 642 27,276 58.1 2020 Proj. Oct 642 27,207 3,447 31,296 2,896 670 27,730 58.8 Nov 642 27,292 3,450 31,384 2,905 645 27,834 59.0 2021 Proj. Oct 670 27,434 3,135 31,239 3,080 650 27,509 58.0 Nov 645 27,434 3,135 31,214 3,080 650 27,484 58.0 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2019 559 27,652 945 29,156 6,321 646 22,188 52.4 2020 Proj. Oct 646 28,171 871 29,689 7,347 525 21,817 51.3 Nov 646 28,195 887 29,729 7,324 520 21,885 51.4 2021 Proj. Oct 525 28,524 945 29,994 7,350 575 22,069 51.6 Nov 520 28,499 945 29,964 7,350 575 22,039 51.5 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2019 1,266 55,108 4,275 60,649 9,353 1,330 49,966 111.9 2020 Proj. Oct 1,330 55,598 4,602 61,530 10,263 1,240 50,027 111.3 Nov 1,330 55,702 4,630 61,662 10,250 1,204 50,208 111.8 2021 Proj. Oct 1,240 56,185 4,353 61,778 10,439 1,268 50,071 111.0 Nov 1,204 56,151 4,355 61,710 10,439 1,263 50,008 110.8 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2019 845 43,435 131 44,411 7,103 937 36,371 95.1 2020 Proj. Oct 937 44,125 146 45,207 7,246 900 37,061 96.4 Nov 937 44,231 148 45,315 7,304 900 37,111 96.5 2021 Proj. Oct 900 44,578 132 45,610 7,260 915 37,435 96.9 Nov 900 44,612 140 45,652 7,275 915 37,462 97.0 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2019 303 5,818 12 6,133 639 233 5,261 16.0 2020 Proj. Oct 233 5,738 20 5,991 550 215 5,226 15.8 Nov 233 5,737 21 5,991 558 215 5,218 15.8 2021 Proj. Oct 215 5,770 16 6,001 570 230 5,201 15.7 Nov 215 5,770 21 6,006 570 230 5,206 15.7 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2019 1,153 49,781 146 51,080 7,824 1,175 42,081 112.5 2020 Proj. Oct 1,175 50,410 168 51,753 7,880 1,121 42,752 113.7 Nov 1,175 50,520 171 51,866 7,938 1,122 42,806 113.8 2021 Proj. Oct 1,121 50,887 151 52,159 7,914 1,150 43,095 114.0 Nov 1,122 50,932 164 52,218 7,921 1,150 43,147 114.1 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2019 2,419 104,889 4,421 111,728 17,177 2,504 92,047 224.4 2020 Proj. Oct 2,504 106,008 4,770 113,282 18,143 2,361 92,779 225.0 Nov 2,504 106,222 4,801 113,528 18,188 2,326 93,014 225.5 2021 Proj. Oct 2,361 107,072 4,504 113,937 18,353 2,418 93,166 224.9 Nov 2,326 107,083 4,519 113,928 18,360 2,413 93,155 224.9 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready- to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. November 2020 WASDE - 606 - 33 U.S. Egg Supply and Use Commodity 2018 2019 2020 Proj. 2020 Proj. 2021 Proj. 2021 Proj. Oct Nov Oct Nov Eggs Million Dozen Supply Beginning Stocks 23.4 22.7 31.6 31.6 31.0 31.0 Production 9,205.0 9,447.5 9,253.0 9,248.0 9,390.0 9,400.0 Imports 17.8 14.6 14.2 15.2 16.0 16.0 Total Supply 9,246.2 9,484.8 9,298.8 9,294.8 9,437.0 9,447.0 Use Exports 333.2 333.9 349.6 348.6 335.0 335.0 Hatching Use 1,057.5 1,081.2 1,077.7 1,078.1 1,105.0 1,095.0 Ending Stocks 22.7 31.6 31.0 31.0 33.0 33.0 Disappearance Total 7,832.9 8,038.1 7,840.5 7,837.1 7,964.0 7,984.0 Per Capita (number) 287.5 293.6 285.0 284.8 288.0 288.7 Tota l U.S. Milk Supply and Use Commodity 2018 2019 2020 Proj. 2020 Proj. 2021 Proj. 2021 Proj. Oct Nov Oct Nov Milk Billion Pounds Production 217.6 218.4 222.3 222.5 225.5 225.9 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 13.4 13.8 13.6 13.6 14.0 14.3 Marketings 216.6 217.4 221.3 221.5 224.5 224.9 Imports 6.3 6.9 6.9 7.0 6.7 6.9 Total Cml. Supply 236.2 238.1 241.8 242.1 245.2 246.1 Fat Basis Use Commercial Exports 10.4 9.1 9.3 9.4 9.5 9.5 Ending Commercial Stocks 13.8 13.6 14.0 14.3 13.8 14.1 CCC Donations 0.0 0.2 0.3 0.3 0.0 0.0 Domestic Commercial Use 212.1 215.2 218.2 218.1 221.9 222.5 Skim -solid Basis Supply Beg. Commercial Stocks 11.8 10.7 10.2 10.2 10.5 10.3 Marketings 216.6 217.4 221.3 221.5 224.5 224.9 Imports 5.5 5.8 5.7 5.6 5.7 5.6 Total Cml. Supply 233.8 233.9 237.2 237.3 240.7 240.8 Skim -solid Basis Use Commercial Exports 44.6 41.5 47.1 47.3 47.8 48.1 Ending Commercial Stocks 10.7 10.2 10.5 10.3 10.2 10.0 CCC Donations 0.0 0.2 0.1 0.1 0.0 0.0 Domestic Commercial Use 178.5 181.9 179.5 179.6 182.7 182.7 Tota l CCC Donations include purchases made through the USDA Trade Mitigation program. They do not include products purchased under other programs. Dairy domestic commercial use for 2020 includes additional milk marketed but not processed. Note: Totals may not add due to rounding. November 2020 WASDE - 606 - 34 U.S. Dairy Prices Commodity 2018 2019 2020 Proj. 2020 Proj. 2021 Proj. 2021 Proj. Oct Nov Oct Nov Product Prices 1/ Dollars Per Pound Cheese 1.5377 1.7586 1.910 1.965 1.800 1.825 Butter 2.2572 2.2431 1.595 1.585 1.705 1.685 Nonfat Dry Milk 0.7945 1.0419 1.035 1.040 1.050 1.055 Dry Whey 0.3422 0.3799 0.350 0.355 0.360 0.365 Filler Dollars Per Cwt Milk Prices 2/ Class III 14.61 16.96 18.00 18.55 17.00 17.25 Class IV 14.23 16.30 13.50 13.50 14.10 14.00 All Milk 3/ 16.27 18.63 18.00 18.25 17.60 17.70 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated pla nts for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . November 2020 WASDE - 606 - 35 Reliability of November Projections 1/ Note: Tables on pages 35 -37 present a record of the November projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 1.2 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 2 perc ent. The average difference between the November projection and the final estimate is 5.4 million tons, ranging from 0.1 million to 18.1 million tons. The November projection has been below the estimate 28 times and above 11 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 1.2 2.0 5.4 0.1 18.1 28 11 U.S. 0.4 0.7 0.2 0.0 1.2 19 13 Foreign 1.3 2.3 5.3 0.0 18.2 28 11 Exports World 5.7 9.6 6.1 0.2 19.2 32 7 U.S. 7.5 12.7 1.9 0.2 8.6 18 21 Foreign 6.9 11.7 5.9 0.3 17.2 34 5 Domestic Use World 1.3 2.3 5.8 0.0 18.8 23 15 U.S. 6.0 10.1 1.6 0.1 3.6 11 28 Foreign 1.4 2.3 6.0 0.5 21.1 26 13 Ending Stocks World 6.1 10.4 7.9 0.9 23.1 30 9 U.S. 11.2 19.1 2.0 0.2 7.0 25 14 Foreign 6.3 10.7 6.7 0.8 22.7 30 9 COARSE GRAINS 2/ Production World 1.6 2.7 13.3 0.2 47.3 30 9 U.S. 1.3 2.2 2.4 0.0 7.5 19 20 Foreign 2.2 3.8 13.4 0.2 48.8 30 9 Exports World 6.7 11.4 6.7 0.1 29.7 27 12 U.S. 15.9 27.0 5.9 0.4 14.7 20 19 Foreign 12.3 20.9 7.3 0.3 23.5 26 13 Domestic Use World 1.4 2.3 10.7 0.2 41.9 23 16 U.S. 3.6 6.1 5.1 0.2 17.2 18 21 Foreign 1.6 2.7 9.7 0.3 42.2 26 13 Ending Stocks World 12.3 20.9 12.8 0.3 39.6 32 7 U.S. 20.2 34.2 7.6 0.6 23.9 22 17 Foreign 16.1 27.2 10.9 0.2 31.1 35 4 RICE, milled Production World 2.1 3.5 5.8 0.1 16.8 32 7 U.S. 2.9 4.9 0.1 0.0 0.5 19 17 Foreign 2.1 3.6 5.8 0.2 16.9 32 7 Exports World 9.2 15.6 1.8 0.1 6.0 30 9 U.S. 9.4 15.9 0.2 0.0 0.7 20 16 Foreign 10.5 17.8 1.8 0.0 6.0 28 11 Domestic Use World 1.7 2.8 3.9 0.1 17.5 32 7 U.S. 8.4 14.2 0.2 0.0 0.6 20 19 Foreign 1.7 2.9 3.9 0.0 17.7 33 6 Ending Stocks World 10.6 18.0 5.4 0.1 24.6 32 7 U.S. 23.0 39.0 0.2 0.0 0.8 22 17 Foreign 11.0 18.7 5.4 0.1 24.4 32 7 1/ Footnotes at end of table. CONTINUED November 2020 WASDE - 606 - 36 Reliability of November Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 3.9 6.7 5.9 0.0 25.1 23 16 U.S. 2.2 3.7 1.2 0.1 4.7 16 23 Foreign 6.5 11.0 5.7 0.0 26.4 20 19 Exports World 7.3 12.4 3.7 0.0 14.8 25 14 U.S. 10.0 17.0 2.4 0.1 7.1 24 15 Foreign 18.1 30.7 3.1 0.1 17.5 20 19 Domestic Use World 2.9 4.8 4.1 0.0 14.2 23 16 U.S. 3.6 6.1 1.3 0.0 3.8 27 12 Foreign 3.5 6.0 3.9 0.2 12.8 23 16 Ending Stocks World 16.1 27.3 4.3 0.0 18.4 21 18 U.S. 48.0 81.5 2.3 0.1 7.3 10 29 Foreign 17.1 29.1 3.9 0.1 18.2 22 17 COTTON Million 480 -Pound Bales Production World 3.5 6.0 2.5 0.1 9.3 24 15 U.S. 3.0 5.1 0.4 0.0 1.0 19 19 Foreign 4.1 7.0 2.4 0.1 8.9 25 14 Exports World 7.8 13.2 2.0 0.1 10.3 25 14 U.S. 17.0 28.8 1.1 0.1 3.2 23 16 Foreign 10.2 17.3 1.5 0.0 8.9 20 18 Domestic Use World 4.6 7.8 3.1 0.0 19.4 18 20 U.S. 9.6 16.4 0.3 0.0 1.1 19 20 Foreign 4.6 7.8 2.9 0.0 18.6 19 20 Ending Stocks World 12.2 20.7 5.2 0.3 18.4 25 14 U.S. 31.5 53.5 1.1 0.1 3.5 14 25 Foreign 13.0 22.0 4.9 0.0 17.3 27 12 1/ Marketing years 1981/82 through 2019/20 for grains, soybeans (U.S. only), and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2018/19, and for 2019/20 the last mon th’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. November 2020 WASDE - 606 - 37 Reliability of United States November Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 1.3 2.2 88 0 250 19 19 Exports 16.4 27.9 208 9 575 18 21 Domestic Use 3.8 6.5 196 3 574 23 16 Ending Stocks 22.9 38.9 299 17 986 20 19 SORGHUM Production 4.1 7.0 15 1 53 20 19 Exports 20.8 35.2 33 0 123 22 16 Domestic Use 19.9 33.8 35 0 127 18 20 Ending Stocks 48.1 81.6 25 2 104 14 25 BARLEY Production 1.5 2.5 4 0 24 17 10 Exports 39.3 66.6 9 0 37 15 19 Domestic Use 7.7 13.1 17 0 70 14 24 Ending Stocks 13.8 23.4 13 0 38 25 12 OATS Production 1.1 1.8 2 0 18 7 9 Exports 71.0 120.6 1 0 7 9 10 Domestic Use 5.5 9.3 12 1 39 15 24 Ending Stocks 20.4 34.7 13 1 52 26 13 SOYBEAN MEAL Thousand Short Tons Production 3.6 6.1 1,079 14 3,250 25 14 Exports 11.5 19.5 726 0 3,600 21 15 Domestic Use 3.3 5.7 729 30 2,350 19 20 Ending Stocks 28.0 47.4 43 0 249 14 13 SOYBEAN OIL Million Pounds Production 3.9 6.6 522 40 2,240 28 11 Exports 28.8 48.9 366 0 1,425 21 17 Domestic Use 3.8 6.5 477 56 1,828 25 14 Ending Stocks 23.2 39.4 344 0 1,077 20 18 ANIMAL PROD. Million Pounds Beef 3.7 6.3 768 92 2,461 25 13 Pork 3.2 5.4 416 2 1,592 21 17 Broilers 1.8 3.1 398 17 1,394 24 14 Turkeys 3.4 5.8 136 2 444 21 17 Million Dozen Eggs 2.0 3.3 111 2 513 26 12 Billion Pounds Milk 1.5 2.6 1.9 0.1 6.0 19 19 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2019/20 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate followin g the marketing year for 1981/82 through 2018/19, and for 2019/20 the last month’s estimate. Calendar years 1982 through 2019 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 198 2-2019. WASDE- 606-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricult ural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Fore ign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. I PAD is lo cated at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ To subscribe to receive WASDE -related notifications by email or text message visit https://public.govdelivery.com/accounts/USDAOC/subscriber/new?topic_id=USDAOC_223 . Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at 202 -720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE -606 – November 10, 2020 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202 - 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250 -9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 634 Approved by the World Agricultural Outlook Board March 8, 2023 WHEAT: The 2022/23 U.S. wheat supply and demand outlook is unchanged from last month. The projected season- average farm price remains $9.00 per bushel. The 2022/23 global outlook this month is for slightly smaller supplies, increased trade and consumption, and lower ending stocks. Supplies are lowered slightly as an increase in production nearly offsets a decrease in beginning stocks, which are lowered mostly on an increase for China 2020/21 feed and residual use. This reduction is based on an updated analysis of government old- crop wheat stocks auction data. Nearly offsetting this change, global production is raised 5.1 million tons to 788.9 million primarily on increases for Kazakhstan, Australia, and India. Production estimates for all three countries are raised on updated government data. Wheat production in Kazakhstan is now forecast at 16.4 million tons, 2.4 million higher than last month, and the largest harvest since 2011/12. World trade is raised 1.0 million tons to 213.9 million as increases for Kazakhstan, Australia, and Brazil more than offset decreases for Argentina and India. Global use is forecast 2.0 million tons higher to 793.2 million, largely on increases in India food, seed, and industrial use and Kazakhstan feed and residual use. Global ending stocks are lowered 2.1 million tons to 267.2 million, as smaller stocks for China more than offset increases for Argentina, Kazakhstan, and Australia. COARSE GRAINS: This month’s 2022/23 U.S. corn outlook is for lower exports and larger ending stocks. Exports are reduced 75 million bushels reflecting the poor pace of sales and shipments to date despite relatively competitive U.S. prices. With no other use changes, ending stocks are up 75 million bushels from last month. The season -average corn price received by producers is lowered 10 cents to $6.60 per bushel based on reported prices to date. Global coarse grain production for 2022/23 is forecast 3.2 million tons lower to 1,439.6 million. This month’s foreign coarse grain outlook is for reduced production, consumption, and ending stocks relative to last month. Foreign corn production is down, with a decline for Argentina partially offset by increases for India and Paraguay. For Argentina, production is cut as continued heat and dryness during February and into early March reduce yield prospects for late- planted corn. India corn production is higher based on official government data. Foreign barley production is higher reflecting increases for Kazakhstan, Australia, and Argentina. Foreign sorghum production is lowered with declines for Australia and Argentina. Major global trade changes for 2022/23 include higher projected corn exports for India, Ukraine, and Paraguay, with reductions for Argentina and the United States. Corn WASDE- 634-2 imports are lowered for Turkey, Iran, Malaysia, Chile, Colombia, Egypt, Morocco, Peru, and Taiwan. Sorghum imports are lowered for China based on export cuts for Australia and Argentina. Foreign corn ending stocks are down relative to last month, reflecting declines for Ukraine and Brazil that are partly offset by an increase for India. Global corn ending stocks, at 296.5 million tons, are up 1.2 million. RICE: The outlook for 2022/23 U.S. rice this month is for unchanged supplies and domestic use, lower exports, and higher ending stocks. Total rice exports are reduced 3.0 million cwt to 59.0 million on the continued sluggish pace of export sales and shipments. Total exports are now only fractionally higher than the 1985/86 exports of 58.7 million cwt, which is the last time exports declined to this level. Long- grain exports are decreased 2.0 million cwt to 45.0 million as near -record U.S. export prices continue to affect shipments to Latin America, which are being displaced by more competitively -priced rice from South American suppliers. Medium - and short -grain exports are lowered 1.0 million cwt to 14.0 million as record- high California prices are reducing Northeast Asian purchases. The decrease in exports raises 2022/23 all rice ending stocks by an equivalent amount to 36.1 million cwt, which is still 9 percent below last year. The all rice season- average farm price is unchanged at $19.40 per cwt with both the long and medium - and short -grain prices unchanged. The 2022/23 global outlook is for larger supplies, consumption, trade, and ending stocks. Supplies are raised 7.0 million tons to 693.3 million with virtually all of the increase on higher 2022/23 India production, which is raised 7.0 million tons to a record 132.0 million. The increase is based on the Government of India Second Advanced Estimate and the expectation the final production estimate will increase further based on recent history. World 2022/23 consumption is raised 2.8 million tons to a record 520.0 million mainly on an increase for India. Global trade is increased 0.9 million tons to 54.9 million as India exports more than offset reductions for Uruguay and the United States. Projected world ending stocks are raised 4.2 million tons to 173.3 million with China and India accounting for 81 percent of global rice stocks. OILSEEDS: U.S. soybean supply and use changes for 2022/23 include higher exports, lower crush, and reduced ending stocks compared with last month’s report. Soybean exports are raised 25 million bushels to 2.02 billion based on higher -than-expected shipments through February. Soybean crush is reduced on a small reduction in domestic soybean meal disappearance combined with a higher extraction rate. With higher exports more than offsetting lower crush, ending stocks are reduced 15 million bushels to 210 million. If realized, ending stocks would be the lowest in seven years. With relatively strong domestic demand for soybean oil limiting export competitiveness, U.S. soybean oil exports are reduced 200 million pounds to a historically low 500 million. Higher domesti c use and reduced production are offsetting, leaving soybean oil stocks unchanged this month. The U.S. season- average soybean price forecast for 2022/23 is unchanged at $14.30 per bushel. The soybean meal price is forecast at $465 per short ton, up 15 do llars. The soybean oil price is reduced 2 cents to 66.0 cents per pound. WASDE- 634-3 Global 2022/23 oilseed supply and demand forecasts include lower production, crush, and stocks. Global oilseed production is reduced 6.8 million tons to 629.9 million, mainly on lower soybean and sunflowerseed production for Argentina partly offset by higher Australia rapeseed production. Soybean production for Argentina is lowered 8.0 million tons to 33.0 million on dry and hot weather conditions. Uruguay soybean production is also lowered 0.2 million tons to 2.1 million. Australia rapeseed production is increased 1.0 million tons to 8.3 million on higher area and yield. Global oilseed trade is up 1.9 million tons to 199.9 million on higher rapeseed and soybean exports. Rapeseed exports are increased for Australia and Ukraine, in line with higher imports for the EU and Pakistan. Soybean exports are higher for Brazil and the United States, and imports are higher for Argentina to partly offset production losses. Soybean imports are also raised for Iran and Turkey. Global 2022/23 oilseed crush is lowered 3.3 million tons to 526.3 million, mainly on a slower -than-expected soybean crush pace for China and lower available soybean and sunflowerseed supplies for Argentina. Lower Argentina vegetable oil exports are offset by higher shipments of palm oil from Malaysia and sunflowerseed oil from Turkey, Russia, and Ukraine. Global soybean ending stocks are lowered 2.0 million tons to 100.0 million, with lower stocks for Argentina, Brazil, and the United States that are partly offset by higher stocks for China. SUGAR: Ending stocks for 2022/23 are reduced by 154,186 short tons, raw value (STRV) to 1,720,240 on lower supply and increased use, resulting in an ending stocks -to- use ratio of 13.5 percent. An increase in U.S. sugar production is more than offset by lower expected imports. Beet sugar production is increased by 59,941 STRV to 5,160,157 on an increase in sucrose recovery from the 2022 sugarbeet crop. National sucrose recovery from beets sliced during August 2022 through January 2023 is estimated at 15.4 percent in Sweetener Market Data (SMD) and serves as the basis for the increase for the crop year. Sucrose recoveries in all regions are above average with the recovery in the Red River Valley region likely to be at a record high. Cane sugar production in Florida is increased by 26,167 STRV to 2,039,845 but is decreased in Texas by 11,018 STRV to 76,164. Both of these changes are from processors’ forecasts in SMD. Louisiana cane sugar is increased by 4,297 STRV on processor data for January published in the SMD report. Imports are decreased by 133,573 STRV on a reduction of the Mexico Export Limit as set out in AD/CVD Suspension Agreements for calculating U.S. Sugar Needs after the publication of this sugar WASDE. High -tier tariff imports are increased to 155,630 STRV on a larger -than-anticipated import pace for refined sugar. Also, raw sugar imports under the 2021/22 TRQ are increased on revisions made by Customs for entries in December. Deliveries for human consumption are increased by 100,000 STRV to 12,600,000 on the strong pace through January. Mexico sugar production is reduced by 415,000 metric tons (MT) to 5,485,000. The campaign has been off the mark since its start with the USDA estimating the pace through the end of December at least 15 percent behind the pace established over the preceding 9 years. Since then, area harvested has recovered and is forecast by USDA at about 820,000 hectares. Sugarcane yields continue to be far below normal estimated WASDE- 634-4 through February 25 at 2.911 standard deviations below the average since 2012/13. USDA projects no improvement and has the 2022/23 national yield at 60.79 MT/hectare, far below the 9 -year average of 75.40. Sucrose recovery has been poor as well but is slowly recovering over the course of the campaign ; USDA projects it between 10.968 and 11.053 percent. Mexico exports are projected at 1,121,278 MT with almost all expected for shipment to the United States under export license. USDA projects below 99.2 pol sugar production between 784,000 and 805,200 MT, amounts roughly between 70 and 72 percent of the projected Export Limit of 1,117,635 MT. Refined sugar making up the remainder of the allocation implies offsetting domestic use reductions. USDA projects lowe r deliveries to the IMMEX program and lower ending stocks. LIVESTOCK, POULTRY, AND DAIRY : Red meat, poultry, and egg supply and use estimates for 2022 are adjusted to reflect revisions to slaughter and production data. For 2023, the beef production forecast is raised from last month. Slaughter projections are raised through the first three quarters of the year on higher cow slaughter and increased placements of cattle in feedlots in the first quarter of 2023, which will likely be marketed in the third quarter. Pork production is lowered as a higher -than- previously - expected pace of slaughter in the first quarter is more than offset by lighter first -half carcass weights. Broiler and turkey production is raised for the first quarter on recent hatchery data and the current pace of slaughter. Egg production is reduced slightly on recent hatchery data. Turkey exports are lowered for the first half of 2023 on expectations of weaker demand in key markets. Trade projections for all other meats are unchanged. For 2023, cattle prices are raised for all four quarters on expectations of firm demand amidst tightening feedlot numbers. Hog prices are lowered for first -half 2023 reflecting current price movements. Broiler prices are projected higher in the first quarter on recent data. Egg prices for the first half are raised on recent prices and lower supply projections. Milk supply and use estimates for 2022 are adjusted to reflect revisions to estimates of milk production and stocks. For 2023, milk production is forecast higher on a larger cow inventory. Output per cow is unchanged from last month . On both fat - and skim -solids bases, imports for 2023 are raised, while exports are reduced. Cheese prices are lowered as supplies are expected to be relatively large and domestic demand is projected to be relatively soft. Butter prices are raised on recent data. Nonfat dry milk prices are unchanged, with a weaker first quarter offset by a stronger fourth quarter. Whey prices are raised on recent price observations and stronger expected demand. With the changes in component prices, Class III prices are projected lower, while Class IV prices are projected higher. The all milk price is projected lower at 20.45 per cwt. WASDE- 634-5 COTTON : This month’s 2022/23 U.S. cotton supply and demand forecasts are unchanged relative to last month. The projected marketing year average price received by producers is also unchanged at 83 cents per pound. The global 2022/23 cotton supply and demand forecasts this month include lower consumption and trade, and higher production and stocks. Beginning stocks are almost 900,000 bales higher as historical consumption estimates for China and Uzbekistan are updated to align with data from official and other sources. World cotton consumption in 2022/23 is 555,000 bales lower this month with reductions in Turkey, Pakistan, Indonesia, and Bangladesh. Projected imports are lower for each of these countries —and for China —while exports are lower for Brazil, India, and Argentina, with world trade totaling 785,000 bales lower. Production is more than 700,000 bales higher as larger expected crops in China, Australia, and Uzbekistan more than offset reduced prospects for India. At 91.1 million bales, 2022/23 world ending stocks are projected 2.1 million higher than a month earlier and 5.0 million higher t han in 2021/22. Approved by the Secretary of Agriculture and by the Chairman of the World Agricultural Outlook Board, Mark Jekanowski, (202) 720- 6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: SETH MEYER SECRETARY OF AGRICULTURE DESIGNATE WASDE- 634-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone, ICEC Chair, WAOB, [email protected] Andrew Sowell, ERS; Rachel Trego, FAS; Bruce McWilliams, FPAC. Rice: Mark Simone, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Todd Hubbs, ERS; Kevin Min, FAS; Jacob Vuillemin, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Maria Bukowski, ERS; Agata Kingsbury, FAS; Gustavo Ferreira, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; Graham Soley, FAS; Kent Lanclos, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Vida Abadam, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; John Brower, FAS; Georgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Grace Grossen, ERS; Claire Mezoughem, FAS; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Angel Teran, ERS; Jeffery Dwyer, FAS; Georgi Gabrielyan, FPAC. In 2023 the WASDE report will be released on Apr 11, May 12, Jun 9, Jul 12, Aug 11, Sep 12, Oct 12, Nov 9, and Dec 8. WASDE- 634-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & U se ....................................................................... 30 U.S. Quarterly Animal Product Production .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 March 2023 WASDE - 634 - 8 World and U.S. Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2020/21 2725.09 3543.28 488.10 2746.75 796.53 2021/22 (Est.) 2795.57 3592.10 512.74 2804.29 787.81 filler filler filler filler filler 2022/23 (Proj.) Feb 2729.54 3523.20 488.24 2763.20 760.00 2022/23 (Proj.) Mar 2738.39 3526.19 483.93 2763.23 762.96 filler filler filler filler filler Wheat 2020/21 774.42 1072.64 203.33 787.70 284.94 2021/22 (Est.) 779.21 1064.15 202.87 792.71 271.45 filler filler filler filler filler 2022/23 (Proj.) Feb 783.80 1060.50 212.95 791.16 269.34 2022/23 (Proj.) Mar 788.94 1060.39 213.93 793.19 267.20 filler filler filler filler filler Coarse Grains 5/ 2020/21 1441.35 1778.63 233.60 1455.69 322.93 2021/22 (Est.) 1502.39 1825.33 253.10 1492.41 332.91 filler filler filler filler filler 2022/23 (Proj.) Feb 1442.77 1776.38 221.24 1454.85 321.53 2022/23 (Proj.) Mar 1439.62 1772.53 215.11 1450.09 322.44 filler filler filler filler filler Rice, milled 2020/21 509.32 692.01 51.16 503.36 188.65 2021/22 (Est.) 513.97 702.62 56.78 519.18 183.44 filler filler filler filler filler 2022/23 (Proj.) Feb 502.98 686.32 54.05 517.19 169.13 2022/23 (Proj.) Mar 509.83 693.27 54.90 519.95 173.32 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2020/21 429.86 516.87 107.23 351.24 58.40 2021/22 (Est.) 448.60 513.38 94.85 360.68 57.85 filler filler filler filler filler 2022/23 (Proj.) Feb 408.46 474.41 74.39 348.85 51.18 2022/23 (Proj.) Mar 408.46 474.41 72.39 348.85 53.18 filler filler filler filler filler Wheat 2020/21 49.75 80.46 27.05 30.41 23.00 2021/22 (Est.) 44.80 70.40 21.78 29.61 19.01 filler filler filler filler filler 2022/23 (Proj.) Feb 44.90 67.18 21.09 30.62 15.47 2022/23 (Proj.) Mar 44.90 67.18 21.09 30.62 15.47 filler filler filler filler filler Coarse Grains 5/ 2020/21 372.89 427.19 77.21 315.97 34.01 2021/22 (Est.) 397.71 434.32 70.46 326.28 37.58 filler filler filler filler filler 2022/23 (Proj.) Feb 358.47 399.55 51.33 313.56 34.66 2022/23 (Proj.) Mar 358.47 399.55 49.42 313.56 36.57 filler filler filler filler filler Rice, milled 2020/21 7.22 9.22 2.97 4.86 1.39 2021/22 (Est.) 6.08 8.67 2.61 4.80 1.26 filler filler filler filler filler 2022/23 (Proj.) Feb 5.09 7.69 1.97 4.67 1.05 2022/23 (Proj.) Mar 5.09 7.69 1.87 4.67 1.15 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). March 2023 WASDE - 634 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2020/21 2,295.22 3,026.41 380.87 2,395.52 738.12 2021/22 (Est.) 2,346.98 3,078.72 417.90 2,443.61 729.95 filler filler filler filler filler 2022/23 (Proj.) Feb 2,321.08 3,048.78 413.85 2,414.35 708.82 2022/23 (Proj.) Mar 2,329.93 3,051.78 411.55 2,414.38 709.78 filler filler filler filler filler Wheat 2020/21 724.67 992.18 176.29 757.29 261.94 2021/22 (Est.) 734.41 993.76 181.08 763.10 252.44 filler filler filler filler filler 2022/23 (Proj.) Feb 738.90 993.32 191.85 760.55 253.87 2022/23 (Proj.) Mar 744.04 993.21 192.83 762.57 251.73 filler filler filler filler filler Coarse Grains 5/ 2020/21 1,068.46 1,351.44 156.39 1,139.73 288.92 2021/22 (Est.) 1,104.68 1,391.01 182.65 1,166.14 295.33 filler filler filler filler filler 2022/23 (Proj.) Feb 1,084.30 1,376.83 169.91 1,141.29 286.87 2022/23 (Proj.) Mar 1,081.15 1,372.98 165.69 1,136.53 285.87 filler filler filler filler filler Rice, milled 2020/21 502.10 682.79 48.19 498.50 187.26 2021/22 (Est.) 507.89 693.95 54.17 514.38 182.18 filler filler filler filler filler 2022/23 (Proj.) Feb 497.88 678.63 52.08 512.52 168.08 2022/23 (Proj.) Mar 504.74 685.59 53.03 515.28 172.18 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grain s. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2020/21 111.49 209.68 48.83 123.30 86.28 2021/22 (Est.) 115.90 202.18 42.86 116.27 86.11 filler filler filler filler filler 2022/23 (Proj.) Feb 114.37 199.61 40.38 110.66 89.08 2022/23 (Proj.) Mar 115.09 201.20 39.60 110.11 91.15 filler filler filler filler filler United States 2020/21 14.61 21.86 16.35 2.40 3.15 2021/22 (Est.) 17.52 20.68 14.62 2.55 3.75 filler filler filler filler filler 2022/23 (Proj.) Feb 14.68 18.44 12.00 2.10 4.30 2022/23 (Proj.) Mar 14.68 18.44 12.00 2.10 4.30 filler filler filler filler filler Foreign 4/ 2020/21 96.89 187.82 32.48 120.90 83.13 2021/22 (Est.) 98.38 181.51 28.24 113.72 82.36 filler filler filler filler filler 2022/23 (Proj.) Feb 99.69 181.17 28.38 108.56 84.78 2022/23 (Proj.) Mar 100.41 182.77 27.60 108.01 86.85 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. March 2023 WASDE - 634 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2020/21 607.70 719.91 192.03 509.00 115.63 2021/22 (Est.) 607.09 722.71 178.87 509.54 117.70 filler filler filler filler filler 2022/23 (Proj.) Feb 636.72 754.24 198.03 529.54 119.18 2022/23 (Proj.) Mar 629.89 747.59 199.88 526.26 117.31 filler filler filler filler filler Oilmeals 2020/21 348.96 368.94 97.37 345.07 18.29 2021/22 (Est.) 348.60 366.88 95.87 345.67 17.99 filler filler filler filler filler 2022/23 (Proj.) Feb 362.06 379.83 97.64 357.49 17.63 2022/23 (Proj.) Mar 359.51 377.50 96.59 355.86 17.01 filler filler filler filler filler Vegetable Oils 2020/21 206.72 236.70 85.40 204.64 28.50 2021/22 (Est.) 208.53 237.03 79.04 204.04 29.35 filler filler filler filler filler 2022/23 (Proj.) Feb 217.58 246.95 87.95 212.91 29.94 2022/23 (Proj.) Mar 217.22 246.57 88.23 212.83 29.56 filler filler filler filler filler United States Output Total Supply Trade Total Use 2 / Ending Stocks Oilseeds 2020/21 124.52 141.69 62.78 62.66 8.64 2021/22 (Est.) 131.35 141.16 59.71 63.87 9.14 filler filler filler filler filler 2022/23 (Proj.) Feb 125.96 136.39 55.08 65.02 7.88 2022/23 (Proj.) Mar 125.96 136.39 55.76 64.75 7.47 filler filler filler filler filler Oilmeals 2020/21 48.25 53.02 12.62 40.00 0.39 2021/22 (Est.) 49.26 53.21 12.44 40.42 0.35 filler filler filler filler filler 2022/23 ( Proj.) Feb 50.23 54.56 12.66 41.50 0.40 2022/23 (Proj.) Mar 50.13 54.46 12.66 41.39 0.40 filler filler filler filler filler Vegetable Oils 2020/21 12.70 18.86 1.04 16.52 1.30 2021/22 (Est.) 13.06 19.61 1.05 17.29 1.27 filler filler filler filler filler 2022/23 (Proj.) Feb 13.32 20.12 0.53 18.31 1.28 2022/23 (Proj.) Mar 13.30 20.10 0.44 18.38 1.28 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2020/21 483.18 578.22 129.25 446.34 106.99 2021/22 (Est.) 475.74 581.55 119.17 445.67 108.56 filler filler filler filler filler 2022/23 (Proj.) Feb 510.76 617.85 142.95 464.52 111.30 2022/23 (Proj.) Mar 503.93 611.19 144.12 461.52 109.84 filler filler filler filler filler Oilmeals 2020/21 300.72 315.92 84.74 305.07 17.90 2021/22 (Est.) 299.34 313.67 83.43 305.25 17.64 filler filler filler filler filler 2022/23 (Proj.) Feb 311.83 325.26 84.97 315.99 17.23 2022/23 (Proj.) Mar 309.38 323.04 83.93 314.46 16.60 filler filler filler filler filler Vegetable Oils 2020/21 194.02 217.84 84.36 188.12 27.20 2021/22 (Est.) 195.47 217.42 77.99 186.75 28.08 filler filler filler filler filler 2022/23 (Proj.) Feb 204.25 226.83 87.42 194.60 28.66 2022/23 (Proj.) Mar 203.92 226.47 87.79 194.44 28.28 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. March 2023 WASDE - 634 - 11 U.S. Wheat Supply and Use 1/ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Feb Mar Million Acres Area Planted 44.5 46.7 45.7 45.7 Area Harvested 36.8 37.1 35.5 35.5 Bushels Yield per Harvested Acre 49.7 44.3 46.5 46.5 Million Bushels Beginning Stocks 1,028 845 698 698 Production 1,828 1,646 1,650 1,650 Imports 100 95 120 120 Supply, Total 2,956 2,587 2,468 2,468 Food 961 972 975 975 Seed 64 58 70 70 Feed and Residual 93 59 80 80 Domestic, Total 1,117 1,088 1,125 1,125 Exports 994 800 775 775 Use, Total 2,111 1,888 1,900 1,900 Ending Stocks 845 698 568 568 Avg. Farm Price ($/bu) 2/ 5.05 7.63 9.00 9.00 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2021/22 (Est.) Beginning Stocks 428 235 85 70 27 845 Production 750 297 361 201 38 1,646 Supply, Total 3/ 1,182 575 449 276 105 2,587 Domestic Use 489 220 238 75 67 1,088 Exports 317 209 112 148 14 800 Use, Total 806 429 350 222 81 1,888 Ending Stocks, Total 376 146 99 54 24 698 2022/23 (Proj.) Beginning Stocks 376 146 99 54 24 698 Production 531 446 337 272 64 1,650 Supply, Total 3/ 912 647 441 331 138 2,468 Domestic Use 418 297 223 96 91 1,125 Exports 220 230 115 190 20 775 Use, Total 638 527 338 286 111 1,900 Ending Stocks, Total Mar 273 120 102 45 27 568 Ending Stocks, Total Feb 273 120 102 45 27 568 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. March 2023 WASDE - 634 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Feb Mar Million Acres Area Planted 102.3 105.8 100.4 100.4 Area Harvested 90.6 94.4 87.1 87.1 Metric Tons Yield per Harvested Acre 4.11 4.21 4.11 4.11 Million Metric Tons Beginning Stocks 51.8 34.0 37.6 37.6 Production 372.6 397.5 358.2 358.2 Imports 2.2 2.3 3.2 3.2 Supply, Total 426.6 433.8 398.9 398.9 Feed and Residual 146.7 148.6 137.7 137.7 Food, Seed & Industrial 168.8 177.1 175.2 175.2 Domestic, Total 315.4 325.8 312.9 312.9 Exports 77.2 70.5 51.3 49.4 Use, Total 392.6 396.2 364.3 362.3 Ending Stocks 34.0 37.6 34.6 36.5 CORN 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. February March Million Acres Area Planted 90.7 93.3 88.6 88.6 Area Harvested 82.3 85.3 79.2 79.2 Bushels Yield per Harvested Acre 171.4 176.7 173.3 173.3 Million Bushels Beginning Stocks 1,919 1,235 1,377 1,377 Production 14,111 15,074 13,730 13,730 Imports 24 24 50 50 Supply, Total 16,055 16,333 15,157 15,157 Feed and Residual 5,607 5,718 5,275 5,275 Food, Seed & Industrial 2/ 6,467 6,766 6,690 6,690 Ethanol & by -products 3/ 5,028 5,326 5,250 5,250 Domestic, Total 12,074 12,484 11,965 11,965 Exports 2,747 2,471 1,925 1,850 Use, Total 14,821 14,956 13,890 13,815 Ending Stocks 1,235 1,377 1,267 1,342 Avg. Farm Price ($/bu) 4/ 4.53 6.00 6.70 6.60 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by- products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Market ing- year weighted average price received by farmers. March 2023 WASDE - 634 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Feb Mar Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 5.9 7.3 6.3 6.3 Area Harvested (mil. acres) 5.1 6.5 4.6 4.6 Yield (bushels/acre) 73.2 69.0 41.1 41.1 Beginning Stocks 30 20 47 47 Production 373 448 188 188 Imports 0 0 0 0 Supply, Total 403 468 235 235 Feed and Residual 97 81 70 70 Food, Seed & Industrial 7 45 50 50 Total Domestic 104 127 120 120 Exports 279 294 90 90 Use, Total 383 421 210 210 Ending Stocks 20 47 25 25 Avg. Farm Price ($/bu) 2/ 5.04 5.94 6.90 6.90 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. February March Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.7 2.7 2.9 2.9 Area Harvested (mil. acres) 2.2 2.0 2.4 2.4 Yield (bushels/acre) 77.2 60.3 71.7 71.7 Beginning Stocks 80 71 42 42 Production 171 120 174 174 Imports 7 15 16 16 Supply, Total 258 206 232 232 Feed and Residual 26 20 35 35 Food, Seed & Industrial 147 137 130 130 Total Domestic 172 157 165 165 Exports 14 7 5 5 Use, Total 186 164 170 170 Ending Stocks 71 42 62 62 Avg. Farm Price ($/bu) 2/ 4.75 5.31 7.30 7.30 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. February March Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.0 2.6 2.6 2.6 Area Harvested (mil. acres) 1.0 0.7 0.9 0.9 Yield (bushels/acre) 65.1 61.3 64.8 64.8 Beginning Stocks 37 38 33 33 Production 66 40 58 58 Imports 85 81 90 90 Supply, Total 188 159 180 180 Feed and Residual 68 44 65 65 Food, Seed & Industrial 78 79 81 81 Total Domestic 147 124 146 146 Exports 3 3 2 2 Use, Total 150 126 148 148 Ending Stocks 38 33 32 32 Avg. Farm Price ($/bu) 2/ 2.77 4.55 4.85 4.75 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. March 2023 WASDE - 634 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Feb Mar Million Acres Area Planted 3.04 2.53 2.22 2.22 Area Harvested 2.99 2.49 2.17 2.17 Fil ler Pounds Yield per Harvested Acre 7,619 7,709 7,383 7,383 Million Hundredweight Beginning Stocks 2/ 28.7 43.7 39.7 39.7 Production 227.5 191.6 160.4 160.4 Imports 34.1 37.8 42.0 42.0 Supply, Total 290.2 273.0 242.1 242.1 Domestic & Residual 3/ 153.1 151.1 147.0 147.0 Exports, Total 4/ 93.5 82.2 62.0 59.0 Rough 34.6 28.3 18.0 16.0 Milled (rough equiv.) 58.9 53.9 44.0 43.0 Use, Total 246.6 233.3 209.0 206.0 Ending Stocks 43.7 39.7 33.1 36.1 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 14.40 16.10 19.40 19.40 Total LONG -GRAIN RICE 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. February March Harvested Acres (mil.) 2.30 1.94 1.77 1.77 Yield (pounds/acre) 7,422 7,471 7,224 7,224 Beginning Stocks 16.9 29.7 24.6 24.6 Imports 27.4 30.7 33.0 33.0 Production 170.8 144.6 128.2 128.2 Supply, Total 7/ 215.1 205.0 185.8 185.8 Domestic & Residual 3/ 120.3 119.7 117.0 117.0 Exports 8/ 65.0 60.6 47.0 45.0 Use, Total 185.3 180.3 164.0 162.0 Ending Stocks 29.7 24.6 21.8 23.8 Avg. Farm Price ($/cwt) 6/ 12.60 13.60 16.90 16.90 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. February March Harvested Acres (mil.) 0.69 0.55 0.40 0.40 Yield (pounds/acre) 8,282 8,549 8,094 8,094 Beginning Stocks 10.7 11.5 13.0 13.0 Imports 6.7 7.1 9.0 9.0 Production 56.7 47.0 32.2 32.2 Supply, Total 7/ 72.7 66.0 54.3 54.3 Domestic & Residual 3/ 32.8 31.4 30.0 30.0 Exports 8/ 28.5 21.5 15.0 14.0 Use, Total 61.2 53.0 45.0 44.0 Ending Stocks 11.5 13.0 9.3 10.3 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 20.10 26.40 29.20 29.20 California 10/ 22.60 31.90 36.00 36.00 Other States 1/ 13.00 13.90 17.60 17.60 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2017/18 -1.4; 2018/19-2.1; 2019/20 -1.0. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing -year weighted average price received by farme rs. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The California medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the f inal price may differ. 10/ Marketing year beginning October 1. March 2023 WASDE - 634 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Feb Mar Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 83.4 87.2 87.5 87.5 Area Harvested 82.6 86.3 86.3 86.3 Fil ler Bushels Yield per Harvested Acre 51.0 51.7 49.5 49.5 Million Bushels Beginning Stocks 525 257 274 274 Production 4,216 4,465 4,276 4,276 Imports 20 16 15 15 Supply, Total 4,761 4,738 4,566 4,566 Crushings 2,141 2,204 2,230 2,220 Exports 2,266 2,158 1,990 2,015 Seed 101 102 102 102 Residual -4 1 18 19 Use, Total 4,504 4,464 4,340 4,355 Ending Stocks 257 274 225 210 Avg. Farm Price ($/bu) 2/ 10.80 13.30 14.30 14.30 Total SOYBEAN OIL 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. February March Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,853 2,131 1,991 1,991 Production 4/ 25,023 26,155 26,245 26,195 Imports 302 303 300 300 Supply, Total 27,177 28,590 28,536 28,486 Domestic Disappearance 23,314 24,825 25,900 26,050 Biofuel 3/ 8,920 10,348 11,600 11,600 Food, Feed & other Industrial 14,394 14,477 14,300 14,450 Exports 1,731 1,773 700 500 Use, Total 25,046 26,599 26,600 26,550 Ending stocks 2,131 1,991 1,936 1,936 Avg. Price (c/lb) 2/ 56.87 72.98 68.00 66.00 Total SOYBEAN MEAL 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. February March Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 341 341 311 311 Production 4/ 50,565 51,814 52,639 52,539 Imports 784 649 600 600 Supply, Total 51,691 52,804 53,550 53,450 Domestic Disappearance 37,674 38,970 39,500 39,400 Exports 13,675 13,524 13,700 13,700 Use, Total 51,350 52,493 53,200 53,100 Ending Stocks 341 311 350 350 Avg. Price ($/s.t.) 2/ 392.31 439.81 450.00 465.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects soybean oil used for biofuels as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,207 million bushels for 2021/22 and 2,220 million bushels for 2022/23. March 2023 WASDE - 634 - 16 U.S. Sugar Supply and Use 1/ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Feb Mar Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,618 1,705 1,820 1,820 Production 2/ 9,233 9,157 9,231 9,310 Beet Sugar 5,092 5,155 5,100 5,160 Cane Sugar 4,141 4,002 4,131 4,150 Florida 2,090 1,934 2,014 2,040 Louisiana 1,918 1,944 2,030 2,034 Texas 134 124 87 76 Imports 3,221 3,646 3,463 3,330 TRQ 3/ 1,749 1,579 1,611 1,618 Other Program 4/ 292 298 250 250 Non-program 1,180 1,769 1,602 1,462 Mexico 968 1,379 1,477 1,306 High -tier tariff/other 212 390 125 156 Total Supply 14,072 14,508 14,514 14,460 Exports 49 29 35 35 Deliveries 12,277 12,578 12,605 12,705 Food 12,161 12,470 12,500 12,600 Other 5/ 116 107 105 105 Miscellaneous 40 81 0 0 Total Use 12,367 12,688 12,640 12,740 Ending Stocks 1,705 1,820 1,874 1,720 Stocks to Use Ratio 13.8 14.3 14.8 13.5 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2021/22 and 2022/23 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2021/22, WTO raw sugar TRQ short fall (151) and for 2022/23 (255). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries f or livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE - reported deliveries: 2020/21 -- 298; estimated 2021/22 -- 303; projected 2022/23 -- 315 Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2021/22 Est. Feb 1,053 6,185 31 4,629 1,676 964 2021/22 Est. Mar 1,053 6,185 31 4,629 1,676 964 2022/23 Proj. Feb 964 5,900 35 4,660 1,268 971 2022/23 Proj. Mar 964 5,485 35 4,438 1,121 925 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2020/21 = 1,320; Estimated 2020/21 = 1,291; Projected 2022/23 = 1,291; Estimated Oct. - Jan. 2023 = 456; Estimated Oct. - Jan. 2022 = 423. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico' s products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2021/22 (532 est =508 dom.+24 import); 2022/23 (271 proj = 246 dom.+25 import). Statistical Adjustments: 2021/22 ( -16), 2022/23 (0). March 2023 WASDE - 634 - 17 U.S. Cotton Supply and Use 1/ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Feb Mar Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 12.09 11.22 13.76 13.76 Harvested 8.22 10.27 7.44 7.44 Fil ler Pounds Yield per Harvested Acre 853 819 947 947 Million 480 Pound Bales Beginning Stocks 7.25 3.15 3.75 3.75 Production 14.61 17.52 14.68 14.68 Imports 0.00 0.01 0.01 0.01 Supply, Total 21.86 20.68 18.44 18.44 Domestic Use 2.40 2.55 2.10 2.10 Exports, Total 16.35 14.62 12.00 12.00 Use, Total 18.75 17.17 14.10 14.10 Unaccounted 2/ -0.04 -0.24 0.04 0.04 Ending Stocks 3.15 3.75 4.30 4.30 Avg. Farm Price 3/ 66.3 91.4 83.0 83.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. March 2023 WASDE - 634 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 298.22 774.42 194.78 162.90 787.70 203.33 284.94 World Less China 148.21 640.17 184.16 117.90 632.70 202.57 145.82 United States 27.99 49.75 2.73 2.54 30.41 27.05 23.00 Total Foreign 270.24 724.67 192.06 160.36 757.29 176.29 261.94 Major Exporters 4/ 32.50 322.46 6.67 72.81 179.33 147.42 34.88 Argentina 2.46 17.64 0.01 0.05 6.25 11.53 2.32 Australia 2.70 31.92 0.20 4.50 8.03 23.77 3.02 Canada 5.50 35.44 0.55 4.16 9.10 26.43 5.95 European Union 5/ 13.11 126.68 5.39 42.50 104.75 29.74 10.70 Russia 7.23 85.35 0.40 19.00 42.50 39.10 11.38 Ukraine 1.50 25.42 0.13 2.60 8.70 16.85 1.51 Major Importers 6/ 193.47 200.43 124.37 62.58 328.60 12.62 177.04 Bangladesh 1.76 1.18 7.20 0.50 8.00 0.00 2.14 Brazil 1.99 6.25 6.40 0.40 11.80 0.93 1.91 China 150.02 134.25 10.62 45.00 155.00 0.76 139.12 Japan 1.10 1.00 5.49 0.65 6.25 0.30 1.04 N. Africa 7/ 14.36 15.81 28.50 1.75 46.62 0.80 11.24 Nigeria 0.30 0.06 6.59 0.05 5.55 0.60 0.79 Sel. Mideast 8/ 11.62 20.65 17.70 3.54 39.03 0.62 10.31 Southeast Asia 9/ 5.91 0.00 25.18 7.29 25.00 1.14 4.95 Selected Other India 24.70 107.86 0.02 6.50 102.22 2.56 27.80 Kazakhstan 0.66 14.26 1.00 1.45 6.25 8.19 1.48 United Kingdom 2.44 9.66 3.22 5.96 13.46 0.45 1.42 2021/22 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 284.94 779.21 199.21 160.29 792.71 202.87 271.45 World Less China 145.82 642.26 189.64 125.29 644.71 201.99 134.69 United States 23.00 44.80 2.59 1.60 29.61 21.78 19.01 Total Foreign 261.94 734.41 196.61 158.69 763.10 181.08 252.44 Major Exporters 4/ 34.88 327.19 5.79 78.70 185.82 142.38 39.67 Argentina 2.32 22.15 0.00 0.05 6.15 15.98 2.35 Australia 3.02 36.24 0.21 5.00 8.53 27.51 3.43 Canada 5.95 22.42 0.55 5.15 10.15 15.12 3.66 European Union 5/ 10.70 138.22 4.63 45.00 108.25 31.93 13.36 Russia 11.38 75.16 0.30 19.50 42.75 33.00 11.09 Ukraine 1.51 33.01 0.10 4.00 10.00 18.84 5.77 Major Importers 6/ 177.04 203.23 130.54 53.73 323.64 15.31 171.87 Bangladesh 2.14 1.13 6.34 0.60 8.30 0.00 1.31 Brazil 1.91 7.70 6.39 0.45 11.75 3.07 1.18 China 139.12 136.95 9.57 35.00 148.00 0.88 136.76 Japan 1.04 1.13 5.61 0.75 6.30 0.30 1.18 N. Africa 7/ 11.24 20.43 26.61 1.87 47.02 0.41 10.86 Nigeria 0.79 0.09 6.19 0.05 5.85 0.60 0.62 Sel. Mideast 8/ 10.31 16.50 22.99 3.88 39.10 0.75 9.96 Southeast Asia 9/ 4.95 0.00 27.01 7.50 25.33 1.23 5.41 Selected Other India 27.80 109.59 0.03 7.00 109.88 8.03 19.50 Kazakhstan 1.48 11.81 2.50 1.35 6.20 8.10 1.49 United Kingdom 1.42 13.99 2.63 7.40 15.40 0.83 1.81 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2023 WASDE - 634 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Feb 276.70 783.80 207.09 157.76 791.16 212.95 269.34 Mar 271.45 788.94 208.41 158.50 793.19 213.93 267.20 World Less China Feb 134.94 646.08 197.09 127.76 647.16 212.05 124.75 Mar 134.69 651.22 198.41 128.50 649.19 213.03 127.62 United States Feb 19.01 44.90 3.27 2.18 30.62 21.09 15.47 Mar 19.01 44.90 3.27 2.18 30.62 21.09 15.47 Total Foreign Feb 257.69 738.90 203.83 155.59 760.55 191.85 253.87 Mar 252.44 744.04 205.14 156.32 762.57 192.83 251.73 Major Exporters 4/ Feb 39.71 332.02 10.21 80.05 187.90 154.50 39.54 Mar 39.67 333.42 10.21 80.05 188.00 154.00 41.29 Argentina Feb 2.35 12.50 0.01 0.05 6.15 7.50 1.21 Mar 2.35 12.90 0.01 0.05 6.25 6.50 2.51 Australia Feb 3.43 38.00 0.20 5.00 8.50 28.00 5.13 Mar 3.43 39.00 0.20 5.00 8.50 28.50 5.63 Canada Feb 3.66 33.82 0.60 4.50 9.55 25.00 3.54 Mar 3.66 33.82 0.60 4.50 9.55 25.00 3.54 European Union 5/ Feb 13.36 134.70 9.00 45.00 109.00 37.00 11.06 Mar 13.36 134.70 9.00 45.00 109.00 37.00 11.06 Russia Feb 11.09 92.00 0.30 21.50 45.50 43.50 14.39 Mar 11.09 92.00 0.30 21.50 45.50 43.50 14.39 Ukraine Feb 5.81 21.00 0.10 4.00 9.20 13.50 4.21 Mar 5.77 21.00 0.10 4.00 9.20 13.50 4.17 Major Importers 6/ Feb 176.87 205.94 133.27 49.14 320.11 16.22 179.75 Mar 171.87 206.44 132.67 49.25 319.72 16.87 174.39 Bangladesh Feb 1.31 1.10 5.30 0.20 7.00 0.00 0.71 Mar 1.31 1.10 5.00 0.20 6.70 0.00 0.71 Brazil Feb 1.18 9.90 5.60 0.40 11.70 3.90 1.08 Mar 1.18 10.40 5.60 0.40 11.70 4.40 1.08 China Feb 141.76 137.72 10.00 30.00 144.00 0.90 144.58 Mar 136.76 137.72 10.00 30.00 144.00 0.90 139.58 Japan Feb 1.18 1.05 5.75 0.75 6.30 0.30 1.38 Mar 1.18 1.05 5.75 0.75 6.30 0.30 1.38 N. Africa 7/ Feb 10.86 17.60 29.90 1.77 47.22 0.50 10.64 Mar 10.86 17.60 29.90 1.77 47.22 0.50 10.64 Nigeria Feb 0.62 0.11 6.00 0.00 5.60 0.60 0.53 Mar 0.62 0.11 6.00 0.00 5.60 0.60 0.53 Sel. Mideast 8/ Feb 9.96 17.61 23.22 3.38 39.18 0.77 10.84 Mar 9.96 17.61 23.22 3.38 39.28 0.67 10.84 Southeast Asia 9/ Feb 5.41 0.00 27.30 8.44 26.19 1.15 5.38 Mar 5.41 0.00 26.90 8.45 26.00 1.15 5.17 Selected Other India Feb 19.50 103.00 0.10 6.00 104.08 5.90 12.63 Mar 19.50 104.00 0.10 6.00 105.48 5.50 12.63 Kazakhstan Feb 1.49 14.00 1.50 1.50 6.35 9.00 1.64 Mar 1.49 16.40 2.00 2.00 7.00 10.50 2.40 United Kingdom Feb 1.81 15.50 1.80 7.80 15.80 1.30 2.01 Mar 1.81 15.50 1.80 7.80 15.80 1.30 2.01 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some co untries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirat es, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2023 WASDE - 634 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 337.28 1,441.35 233.87 903.88 1,455.69 233.60 322.93 World Less China 136.33 1,172.26 183.34 682.93 1,142.59 233.59 115.48 United States 51.83 372.89 2.48 146.84 315.97 77.21 34.01 Total Foreign 285.45 1,068.46 231.39 757.04 1,139.73 156.39 288.92 Major Exporters 4/ 24.24 297.33 5.46 134.73 180.99 126.63 19.41 Argentina 4.57 60.01 0.02 11.29 17.02 45.52 2.06 Australia 3.01 18.56 0.00 6.21 8.08 10.50 2.98 Brazil 5.82 90.32 3.35 62.42 73.86 21.04 4.60 Canada 3.98 29.64 1.89 16.67 24.63 7.26 3.63 Russia 1.87 41.40 0.09 21.47 31.04 10.42 1.90 Ukraine 2.55 39.59 0.07 9.25 12.41 28.15 1.65 Major Importers 5/ 36.25 252.58 137.73 294.53 377.02 13.24 36.30 European Union 6/ 14.16 155.46 15.87 119.91 159.41 11.45 14.62 Japan 1.74 0.23 16.98 13.45 17.29 0.00 1.66 Mexico 4.14 32.66 17.15 30.34 49.84 0.51 3.60 N. Afr & Mideast 7/ 7.69 32.62 38.77 63.16 71.37 0.71 7.01 Saudi Arabia 1.72 0.19 10.03 10.25 10.61 0.00 1.33 Southeast Asia 8/ 3.80 31.12 22.65 43.43 51.72 0.57 5.29 South Korea 2.02 0.22 11.80 9.47 12.01 0.00 2.04 Selected Other China 200.96 269.08 50.53 220.95 313.11 0.01 207.46 2021/22 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 322.93 1,502.39 230.18 914.08 1,492.41 253.10 332.91 World Less China 115.48 1,221.54 188.68 686.25 1,172.39 253.09 123.14 United States 34.01 397.71 2.59 148.76 326.28 70.46 37.58 Total Foreign 288.92 1,104.68 227.59 765.31 1,166.14 182.65 295.33 Major Exporters 4/ 19.41 332.81 9.78 142.56 188.84 148.83 24.32 Argentina 2.06 59.16 0.01 13.12 18.74 40.00 2.48 Australia 2.98 19.22 0.00 5.84 7.71 10.95 3.53 Brazil 4.60 120.62 3.25 63.59 75.68 48.52 4.28 Canada 3.63 25.12 6.40 17.50 25.79 5.65 3.71 Russia 1.90 38.54 0.10 22.23 31.11 7.58 1.85 Ukraine 1.65 53.51 0.02 12.95 16.08 32.93 6.17 Major Importers 5/ 36.30 248.19 138.89 288.58 371.73 15.30 36.35 European Union 6/ 14.62 154.41 21.35 120.47 159.89 13.72 16.77 Japan 1.66 0.24 16.52 13.09 16.83 0.00 1.59 Mexico 3.60 32.79 18.56 31.05 50.77 0.25 3.93 N. Afr & Mideast 7/ 7.01 29.37 40.57 61.03 69.78 0.69 6.49 Saudi Arabia 1.33 0.20 8.28 8.05 8.41 0.00 1.40 Southeast Asia 8/ 5.29 30.90 17.34 41.11 49.48 0.64 3.41 South Korea 2.04 0.20 11.63 9.26 11.79 0.00 2.08 Selected Other China 207.46 280.85 41.50 227.83 320.03 0.01 209.77 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World import s and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected Nor th Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2023 WASDE - 634 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Feb 333.61 1,442.77 216.35 893.38 1,454.85 221.24 321.53 Mar 332.91 1,439.62 213.56 891.75 1,450.09 215.11 322.44 World Less China Feb 123.84 1,157.27 183.90 664.73 1,135.00 221.19 113.71 Mar 123.14 1,154.12 181.41 663.40 1,130.54 215.06 114.62 United States Feb 37.58 358.47 3.50 137.99 313.56 51.33 34.66 Mar 37.58 358.47 3.50 137.99 313.56 49.42 36.57 Total Foreign Feb 296.03 1,084.30 212.85 755.39 1,141.29 169.91 286.87 Mar 295.33 1,081.15 210.06 753.77 1,136.53 165.69 285.87 Major Exporters 4/ Feb 24.78 327.22 3.05 137.61 184.46 144.28 26.32 Mar 24.32 320.54 3.05 138.19 184.99 138.18 24.74 Argentina Feb 2.48 55.51 0.01 10.16 15.87 39.80 2.33 Mar 2.48 48.71 0.01 10.46 16.17 32.70 2.33 Australia Feb 3.53 18.47 0.00 6.02 7.90 10.68 3.43 Mar 3.53 18.67 0.00 6.12 8.00 10.78 3.43 Brazil Feb 4.78 129.54 1.80 65.50 77.99 50.03 8.10 Mar 4.28 129.54 1.80 65.50 77.99 50.03 7.60 Canada Feb 3.71 30.54 1.05 17.12 24.79 6.48 4.03 Mar 3.71 30.54 1.05 17.12 24.79 6.48 4.03 Russia Feb 1.85 41.77 0.10 23.37 32.82 8.97 1.94 Mar 1.85 41.77 0.10 23.57 33.02 8.77 1.94 Ukraine Feb 6.17 34.16 0.00 8.02 11.15 24.93 4.26 Mar 6.17 34.16 0.00 8.02 11.15 26.03 3.16 Major Importers 5/ Feb 36.35 231.61 139.97 283.01 364.95 10.78 32.20 Mar 36.35 231.91 138.25 281.55 363.43 10.88 32.20 European Union 6/ Feb 16.77 135.61 25.63 117.31 155.81 8.46 13.74 Mar 16.77 135.61 25.61 117.28 155.78 8.47 13.74 Japan Feb 1.59 0.25 16.47 12.85 16.75 0.00 1.56 Mar 1.59 0.25 16.47 12.85 16.75 0.00 1.56 Mexico Feb 3.93 33.49 17.97 31.34 50.96 0.60 3.83 Mar 3.93 33.49 17.97 31.34 50.96 0.60 3.83 N. Afr & Mideast 7/ Feb 6.49 31.13 38.56 60.64 68.97 0.94 6.28 Mar 6.49 31.43 37.26 59.71 67.98 0.94 6.28 Saudi Arabia Feb 1.40 0.19 8.71 8.75 9.11 0.00 1.20 Mar 1.40 0.19 8.71 8.75 9.11 0.00 1.20 Southeast Asia 8/ Feb 3.41 30.71 16.96 38.85 47.35 0.78 2.94 Mar 3.41 30.71 16.76 38.55 47.05 0.88 2.94 South Korea Feb 2.08 0.15 11.10 8.74 11.22 0.00 2.11 Mar 2.08 0.15 11.10 8.74 11.22 0.00 2.11 Selected Other China Feb 209.77 285.50 32.45 228.65 319.85 0.05 207.82 Mar 209.77 285.50 32.15 228.35 319.55 0.05 207.82 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Austr alia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2023 WASDE - 634 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 307.41 1,129.39 184.94 723.88 1,143.97 182.70 292.83 World Less China 106.88 868.72 155.43 520.88 858.97 182.70 87.12 United States 48.76 358.45 0.62 142.43 306.69 69.78 31.36 Total Foreign 258.65 770.94 184.32 581.46 837.29 112.93 261.47 Major Exporters 4/ 13.37 200.12 2.92 91.02 113.82 93.55 9.04 Argentina 3.62 52.00 0.01 9.50 13.50 40.94 1.18 Brazil 5.33 87.00 2.85 59.50 70.00 21.02 4.15 Russia 0.83 13.87 0.04 8.90 10.00 3.99 0.75 South Africa 2.12 16.95 0.01 7.22 13.22 3.73 2.12 Ukraine 1.48 30.30 0.02 5.90 7.10 23.86 0.83 Major Importers 5/ 20.79 132.43 92.89 164.27 219.53 4.79 21.78 Egypt 1.73 6.40 9.63 13.90 16.40 0.01 1.36 European Union 6/ 7.38 67.44 14.49 57.20 77.70 3.74 7.88 Japan 1.39 0.01 15.48 12.00 15.45 0.00 1.42 Mexico 3.52 27.35 16.50 25.60 43.80 0.48 3.08 Southeast Asia 7/ 3.79 31.07 20.69 41.65 49.70 0.57 5.28 South Korea 2.00 0.09 11.71 9.42 11.78 0.00 2.02 Selected Other Canada 2.56 13.56 1.58 8.59 13.98 1.56 2.17 China 200.53 260.67 29.51 203.00 285.00 0.00 205.70 2021/22 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2 / Exports Ending Stocks World 3/ 292.83 1,216.03 184.48 749.43 1,203.16 205.73 305.69 World Less China 87.12 943.47 162.60 540.43 912.16 205.73 96.55 United States 31.36 382.89 0.62 145.25 317.12 62.78 34.98 Total Foreign 261.47 833.13 183.87 604.17 886.05 142.96 270.71 Major Exporters 4/ 9.04 238.99 2.67 97.30 120.40 117.08 13.22 Argentina 1.18 49.50 0.01 10.90 14.80 34.40 1.49 Brazil 4.15 116.00 2.60 59.50 70.50 48.50 3.75 Russia 0.75 15.23 0.05 10.00 11.10 4.00 0.93 South Africa 2.12 16.14 0.00 7.20 13.10 3.20 1.96 Ukraine 0.83 42.13 0.02 9.70 10.90 26.98 5.09 Major Importers 5/ 21.78 136.21 94.37 168.12 223.27 6.89 22.20 Egypt 1.36 7.44 9.76 14.50 17.00 0.00 1.56 European Union 6/ 7.88 70.98 19.78 62.30 82.70 6.00 9.94 Japan 1.42 0.01 15.01 11.70 15.05 0.00 1.39 Mexico 3.08 26.76 17.57 25.80 44.00 0.25 3.16 Southeast Asia 7/ 5.28 30.85 16.16 40.10 48.25 0.64 3.40 South Korea 2.02 0.10 11.52 9.22 11.57 0.00 2.06 Selected Other Canada 2.17 14.61 6.14 12.17 17.98 2.19 2.75 China 205.70 272.55 21.88 209.00 291.00 0.00 209.14 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2023 WASDE - 634 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Feb 306.28 1,151.36 177.00 729.14 1,162.37 181.07 295.28 Mar 305.69 1,147.52 174.48 726.98 1,156.75 174.71 296.46 World Less China Feb 97.15 874.16 159.00 513.14 865.37 181.05 87.96 Mar 96.55 870.32 156.48 510.98 859.75 174.69 89.14 United States Feb 34.98 348.75 1.27 133.99 303.93 48.90 32.17 Mar 34.98 348.75 1.27 133.99 303.93 46.99 34.08 Total Foreign Feb 271.31 802.61 175.73 595.15 858.45 132.18 263.10 Mar 270.71 798.77 173.21 592.99 852.83 127.72 262.38 Major Exporters 4/ Feb 13.68 229.70 1.36 91.60 115.40 114.20 15.14 Mar 13.22 222.70 1.36 91.60 115.40 108.20 13.68 Argentina Feb 1.49 47.00 0.01 8.00 12.00 35.00 1.49 Mar 1.49 40.00 0.01 8.00 12.00 28.00 1.49 Brazil Feb 4.25 125.00 1.30 61.50 73.00 50.00 7.55 Mar 3.75 125.00 1.30 61.50 73.00 50.00 7.05 Russia Feb 0.93 14.00 0.05 9.80 10.90 3.30 0.78 Mar 0.93 14.00 0.05 9.80 10.90 3.30 0.78 South Africa Feb 1.92 16.70 0.00 7.30 13.30 3.40 1.92 Mar 1.96 16.70 0.00 7.30 13.30 3.40 1.96 Ukraine Feb 5.09 27.00 0.00 5.00 6.20 22.50 3.39 Mar 5.09 27.00 0.00 5.00 6.20 23.50 2.39 Major Importers 5/ Feb 22.20 120.07 96.30 161.10 215.70 3.59 19.28 Mar 22.20 120.07 95.70 160.40 215.00 3.69 19.28 Egypt Feb 1.56 7.44 9.20 13.90 16.40 0.01 1.79 Mar 1.56 7.44 9.00 13.70 16.20 0.01 1.79 European Union 6/ Feb 9.94 54.20 23.50 58.50 78.10 2.20 7.34 Mar 9.94 54.20 23.50 58.50 78.10 2.20 7.34 Japan Feb 1.39 0.01 15.00 11.50 15.00 0.00 1.40 Mar 1.39 0.01 15.00 11.50 15.00 0.00 1.40 Mexico Feb 3.16 27.60 17.20 26.00 44.20 0.60 3.16 Mar 3.16 27.60 17.20 26.00 44.20 0.60 3.16 Southeast Asia 7/ Feb 3.40 30.66 15.90 38.00 46.25 0.78 2.93 Mar 3.40 30.66 15.70 37.70 45.95 0.88 2.93 South Korea Feb 2.06 0.08 11.00 8.70 11.05 0.00 2.09 Mar 2.06 0.08 11.00 8.70 11.05 0.00 2.09 Selected Other Canada Feb 2.75 14.54 1.00 9.00 14.20 1.60 2.49 Mar 2.75 14.54 1.00 9.00 14.20 1.60 2.49 China Feb 209.14 277.20 18.00 216.00 297.00 0.02 207.32 Mar 209.14 277.20 18.00 216.00 297.00 0.02 207.32 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2023 WASDE - 634 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 182.69 509.32 46.46 503.36 51.16 188.65 World Less China 66.19 361.02 42.25 353.07 48.94 72.15 United States 0.91 7.22 1.08 4.86 2.97 1.39 Total Foreign 181.78 502.10 45.38 498.50 48.19 187.26 Major Exporters 4/ 40.93 191.63 2.01 149.20 38.55 46.82 Burma 1.01 12.60 0.00 10.40 1.90 1.31 India 33.90 124.37 0.00 101.05 20.22 37.00 Pakistan 0.94 8.42 0.01 3.60 3.88 1.89 Thailand 3.90 18.86 0.20 12.70 6.28 3.98 Vietnam 1.18 27.38 1.80 21.45 6.27 2.64 Major Importers 5/ 128.89 240.06 17.08 255.09 2.71 128.23 China 116.50 148.30 4.22 150.29 2.22 116.50 European Union 6/ 0.92 1.83 1.78 3.40 0.45 0.68 Indonesia 3.31 34.50 0.65 35.40 0.00 3.06 Nigeria 1.49 5.15 2.20 7.15 0.00 1.69 Philippines 3.60 12.42 2.20 14.45 0.00 3.76 Sel. Mideast 7/ 1.22 2.31 3.28 5.85 0.00 0.95 Selected Other Brazil 0.84 8.00 0.63 7.35 0.95 1.17 C. Amer & Carib 8/ 0.68 1.59 1.62 3.28 0.04 0.57 Egypt 1.23 4.00 0.23 4.30 0.01 1.16 Japan 1.98 7.57 0.65 8.15 0.11 1.94 Mexico 0.17 0.20 0.81 0.96 0.02 0.20 South Korea 1.14 3.51 0.43 4.00 0.05 1.02 2021/22 Est. Beginning Stocks Productio n Imports Total /2 Domestic Exports Ending Stocks World 3/ 188.65 513.97 54.62 519.18 56.78 183.44 World Less China 72.15 364.98 48.67 362.82 54.70 70.44 United States 1.39 6.08 1.20 4.80 2.61 1.26 Total Foreign 187.26 507.89 53.42 514.38 54.17 182.18 Major Exporters 4/ 46.82 197.79 1.63 158.90 43.99 43.36 Burma 1.31 12.35 0.00 10.40 2.37 0.90 India 37.00 129.47 0.00 110.45 22.03 34.00 Pakistan 1.89 9.32 0.01 3.75 4.82 2.65 Thailand 3.98 19.88 0.13 12.80 7.68 3.50 Vietnam 2.64 26.77 1.50 21.50 7.10 2.31 Major Importers 5/ 128.23 241.98 22.39 263.06 2.53 127.00 China 116.50 148.99 5.95 156.36 2.08 113.00 European Union 6/ 0.68 1.72 2.43 3.50 0.41 0.92 Indonesia 3.06 34.40 0.70 35.30 0.00 2.86 Nigeria 1.69 5.26 2.45 7.35 0.00 2.05 Philippines 3.76 12.54 3.60 15.40 0.00 4.50 Sel. Mideast 7/ 0.95 2.15 4.29 6.10 0.00 1.29 Selected Other Brazil 1.17 7.34 0.90 7.15 1.40 0.86 C. Amer & Carib 8/ 0.57 1.62 1.68 3.26 0.03 0.59 Egypt 1.16 2.90 0.61 4.05 0.01 0.61 Japan 1.94 7.67 0.69 8.20 0.12 1.98 Mexico 0.20 0.18 0.81 0.97 0.01 0.21 South Korea 1.02 3.88 0.44 3.95 0.05 1.33 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. March 2023 WASDE - 634 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Feb 183.34 502.98 53.07 517.18 54.05 169.13 Mar 183.44 509.83 53.69 519.95 54.90 173.32 World Less China Feb 70.34 357.03 47.87 362.24 51.85 62.13 Mar 70.44 363.88 48.19 365.00 52.70 66.02 United States Feb 1.26 5.09 1.33 4.67 1.97 1.05 Mar 1.26 5.09 1.33 4.67 1.87 1.15 Total Foreign Feb 182.08 497.88 51.74 512.52 52.08 168.08 Mar 182.18 504.74 52.36 515.28 53.03 172.18 Major Exporters 4/ Feb 43.36 191.30 1.16 157.10 42.70 36.02 Mar 43.36 198.30 1.26 159.65 43.70 39.57 Burma Feb 0.90 12.50 0.00 10.30 2.40 0.71 Mar 0.90 12.50 0.00 10.30 2.40 0.71 India Feb 34.00 125.00 0.00 108.50 21.50 29.00 Mar 34.00 132.00 0.00 111.00 22.50 32.50 Pakistan Feb 2.65 6.60 0.01 3.80 3.80 1.66 Mar 2.65 6.60 0.01 3.80 3.80 1.66 Thailand Feb 3.50 20.20 0.15 13.00 8.20 2.65 Mar 3.50 20.20 0.15 13.00 8.20 2.65 Vietnam Feb 2.31 27.00 1.00 21.50 6.80 2.01 Mar 2.31 27.00 1.10 21.55 6.80 2.06 Major Importers 5/ Feb 126.95 238.46 21.20 263.12 2.64 120.85 Mar 127.00 238.46 21.60 263.17 2.64 121.26 China Feb 113.00 145.95 5.20 154.95 2.20 107.00 Mar 113.00 145.95 5.50 154.95 2.20 107.30 European Union 6/ Feb 0.92 1.27 2.65 3.55 0.40 0.89 Mar 0.92 1.27 2.65 3.55 0.40 0.89 Indonesia Feb 2.81 34.60 0.75 35.20 0.00 2.96 Mar 2.86 34.60 0.75 35.25 0.00 2.96 Nigeria Feb 2.05 5.04 2.20 7.45 0.00 1.84 Mar 2.05 5.04 2.30 7.45 0.00 1.94 Philippines Feb 4.50 12.41 3.60 15.75 0.00 4.76 Mar 4.50 12.41 3.60 15.75 0.00 4.76 Sel. Mideast 7/ Feb 1.29 2.24 4.15 6.33 0.00 1.36 Mar 1.29 2.24 4.15 6.33 0.00 1.36 Selected Other Brazil Feb 0.86 7.07 0.85 7.15 1.10 0.53 Mar 0.86 6.94 0.90 7.05 1.10 0.54 C. Amer & Carib 8/ Feb 0.60 1.53 1.74 3.27 0.03 0.58 Mar 0.59 1.54 1.74 3.27 0.03 0.56 Egypt Feb 0.61 3.60 0.55 4.10 0.01 0.66 Mar 0.61 3.60 0.55 4.10 0.01 0.66 Japan Feb 1.98 7.45 0.69 8.20 0.12 1.79 Mar 1.98 7.45 0.69 8.20 0.12 1.79 Mexico Feb 0.21 0.18 0.80 0.97 0.01 0.21 Mar 0.21 0.18 0.80 0.97 0.01 0.21 South Korea Feb 1.33 3.76 0.42 4.00 0.06 1.46 Mar 1.33 3.76 0.42 4.00 0.06 1.46 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. March 2023 WASDE - 634 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2020/21 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 98.18 111.49 48.68 123.30 48.83 -0.06 86.28 World Less China 61.84 81.89 35.82 82.30 48.82 -0.06 48.49 United States 7.25 14.61 3/ 2.40 16.35 -0.04 3.15 Total Foreign 90.93 96.89 48.68 120.90 32.48 -0.02 83.13 Major Exporters 4/ 40.16 53.81 1.60 35.05 27.92 -0.08 32.68 Central Asia 5/ 3.74 5.48 0.03 4.27 2.03 0.00 2.94 Afr. Fr. Zone 6/ 2.50 4.84 3/ 0.10 5.49 0.00 1.74 S. Hemis. 7/ 17.63 15.55 0.13 4.03 13.66 -0.09 15.71 Australia 1.20 2.80 3/ 0.01 1.58 -0.10 2.51 Brazil 14.40 10.82 0.01 3.10 11.01 0.00 11.12 India 15.68 27.60 0.84 26.00 6.19 0.00 11.94 Major Importers 8/ 48.28 39.87 44.66 81.78 3.10 0.06 47.87 Mexico 0.71 1.02 0.93 1.70 0.49 0.02 0.45 China 36.34 29.60 12.86 41.00 0.01 0.00 37.79 European Union 9/ 0.66 1.70 0.56 0.59 1.96 0.00 0.37 Turkey 2.77 2.90 5.33 7.70 0.59 0.00 2.71 Pakistan 3.12 4.50 5.40 10.80 0.03 0.03 2.17 Indonesia 0.64 3/ 2.31 2.45 0.01 0.00 0.50 Thailand 0.10 3/ 0.60 0.61 0.00 0.01 0.08 Bangladesh 2.52 0.15 8.30 8.50 0.00 0.01 2.45 Vietnam 1.10 3/ 7.29 7.30 0.00 0.00 1.09 2021/22 Est. Beginning Stocks Productio n Imports Domestic Use Exports Loss /2 Ending Stocks World 86.28 115.90 42.69 116.27 42.86 -0.37 86.11 World Less China 48.49 89.10 34.85 82.52 42.74 -0.37 47.55 United States 3.15 17.52 0.01 2.55 14.62 -0.24 3.75 Total Foreign 83.13 98.38 42.69 113.72 28.24 -0.12 82.36 Major Exporters 4/ 32.68 55.49 1.60 34.24 24.03 -0.18 31.68 Central Asia 5/ 2.94 5.15 0.05 4.32 1.46 0.00 2.37 Afr. Fr. Zone 6/ 1.74 5.98 3/ 0.10 6.01 -0.01 1.61 S. Hemis. 7/ 15.71 19.55 0.19 4.35 12.45 -0.18 18.84 Australia 2.51 5.75 3/ 0.01 3.58 -0.19 4.86 Brazil 11.12 11.72 0.02 3.30 7.73 0.00 11.84 India 11.94 24.40 1.00 25.00 3.74 0.00 8.60 Major Importers 8/ 47.87 39.65 38.69 75.23 2.93 0.06 48.00 Mexico 0.45 1.22 0.96 1.85 0.40 0.01 0.37 China 37.79 26.80 7.84 33.75 0.12 0.00 38.56 European Union 9/ 0.37 1.67 0.64 0.62 1.77 0.00 0.30 Turkey 2.71 3.80 5.52 8.70 0.57 0.00 2.77 Pakistan 2.17 6.00 4.50 10.70 0.05 0.03 1.89 Indonesia 0.50 3/ 2.58 2.60 0.01 0.00 0.46 Thailand 0.08 3/ 0.75 0.73 0.00 0.01 0.10 Bangladesh 2.45 0.15 8.20 8.50 0.00 0.01 2.29 Vietnam 1.09 3/ 6.63 6.70 0.00 0.00 1.02 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on suppl y less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regi ons listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. March 2023 WASDE - 634 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2022/23 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Feb 85.24 114.37 40.44 110.66 40.38 -0.08 89.08 Mar 86.11 115.09 39.58 110.11 39.60 -0.07 91.15 World Less China Feb 47.92 85.87 32.69 74.66 40.26 -0.08 51.64 Mar 47.55 85.59 32.08 74.11 39.47 -0.07 51.71 United States Feb 3.75 14.68 0.01 2.10 12.00 0.04 4.30 Mar 3.75 14.68 0.01 2.10 12.00 0.04 4.30 filler filler filler filler filler filler filler Total Foreign Feb 81.49 99.69 40.44 108.56 28.38 -0.12 84.78 Mar 82.36 100.41 39.57 108.01 27.60 -0.11 86.85 Major Exporters 4/ Feb 32.04 56.03 2.32 31.08 24.25 -0.17 35.23 Mar 31.68 55.70 2.31 31.23 23.46 -0.17 35.16 Central Asia 5/ Feb 2.66 5.00 0.08 3.77 1.47 0.00 2.50 Mar 2.37 5.20 0.05 3.92 1.42 0.00 2.28 Afr. Fr. Zone 6/ Feb 1.61 4.81 3/ 0.10 4.73 0.00 1.59 Mar 1.61 4.79 3/ 0.10 4.70 0.00 1.60 S. Hemis. 7/ Feb 18.91 20.18 0.15 4.15 15.16 -0.18 20.11 Mar 18.84 20.67 0.16 4.15 14.75 -0.18 20.95 Australia Feb 4.86 5.00 3/ 0.01 6.10 -0.19 3.94 Mar 4.86 5.50 3/ 0.01 6.10 -0.19 4.44 filler filler filler filler filler filler filler Brazil Feb 11.84 13.30 0.02 3.20 8.00 0.00 13.95 Mar 11.84 13.30 0.02 3.20 7.70 0.00 14.25 India Feb 8.60 25.50 1.70 22.50 2.50 0.00 10.80 Mar 8.60 24.50 1.70 22.50 2.20 0.00 10.10 Major Importers 8/ Feb 46.75 40.38 35.84 73.40 2.86 0.06 46.66 Mar 48.00 41.43 34.94 72.70 2.86 0.07 48.75 Mexico Feb 0.37 1.35 0.95 1.80 0.50 0.01 0.36 Mar 0.37 1.40 0.90 1.80 0.50 0.01 0.36 China Feb 37.31 28.50 7.75 36.00 0.13 0.00 37.44 Mar 38.56 29.50 7.50 36.00 0.13 0.00 39.44 European Union 9/ Feb 0.30 1.57 0.56 0.58 1.50 0.00 0.34 Mar 0.30 1.57 0.56 0.58 1.50 0.00 0.34 Turkey Feb 2.77 4.90 4.30 8.00 0.70 0.00 3.27 Mar 2.77 4.90 4.20 7.70 0.70 0.01 3.46 Pakistan Feb 1.89 3.90 4.50 8.80 0.03 0.03 1.44 Mar 1.89 3.90 4.30 8.60 0.03 0.03 1.44 Indonesia Feb 0.46 3/ 1.90 2.00 0.01 0.00 0.36 Mar 0.46 3/ 1.80 1.90 0.01 0.00 0.36 Thailand Feb 0.10 3/ 0.70 0.70 0.00 0.01 0.09 Mar 0.10 3/ 0.70 0.70 0.00 0.01 0.09 Bangladesh Feb 2.29 0.16 7.90 8.20 0.00 0.01 2.14 Mar 2.29 0.16 7.70 8.10 0.00 0.01 2.04 Vietnam Feb 1.02 3/ 6.30 6.30 0.00 0.00 1.03 Mar 1.02 3/ 6.30 6.30 0.00 0.00 1.03 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on suppl y less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso , Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. March 2023 WASDE - 634 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 94.97 368.48 165.55 315.98 363.97 164.99 100.03 World Less China 70.36 348.87 65.81 222.98 251.23 164.92 68.89 United States 14.28 114.75 0.54 58.26 60.91 61.67 6.99 Total Foreign 80.69 253.73 165.01 257.73 303.06 103.33 93.04 Major Exporters 3/ 47.84 197.34 5.92 90.25 100.94 94.95 55.21 Argentina 26.65 46.20 4.82 40.16 47.41 5.20 25.06 Brazil 20.42 139.50 1.02 46.68 49.88 81.65 29.40 Paraguay 0.57 9.64 0.02 3.33 3.43 6.33 0.48 Major Importers 4/ 27.98 23.25 133.39 122.10 149.80 0.27 34.56 China 24.61 19.60 99.74 93.00 112.74 0.07 31.15 European Union 1.72 2.60 14.79 15.80 17.36 0.19 1.56 Southeast Asia 0.98 0.59 9.68 4.74 10.04 0.01 1.20 Mexico 0.37 0.25 6.10 6.20 6.25 0.00 0.46 2021/22 Est. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 100.03 358.14 157.08 312.95 362.27 153.98 99.00 World Less China 68.89 341.75 65.51 225.45 254.67 153.88 67.60 United States 6.99 121.53 0.43 59.98 62.77 58.72 7.47 Total Foreign 93.04 236.61 156.64 252.97 299.51 95.26 91.53 Major Exporters 3/ 55.21 180.82 4.43 91.37 102.01 87.26 51.19 Argentina 25.06 43.90 3.84 38.83 46.04 2.86 23.90 Brazil 29.40 129.50 0.54 50.25 53.50 79.06 26.89 Paraguay 0.48 4.18 0.04 2.20 2.25 2.27 0.18 Major Importers 4/ 34.56 20.16 123.78 116.28 143.88 0.42 34.20 China 31.15 16.40 91.57 87.50 107.60 0.10 31.40 European Union 1.56 2.71 14.55 15.40 16.97 0.29 1.55 Southeast Asia 1.20 0.53 8.26 4.45 9.27 0.02 0.69 Mexico 0.46 0.29 5.96 6.35 6.40 0.00 0.30 2022/23 Proj. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ Feb 98.83 383.01 164.07 323.90 376.41 167.47 102.03 Mar 99.00 375.15 165.39 320.04 371.13 168.40 100.01 World Less China Feb 67.43 362.68 68.07 229.90 261.11 167.37 69.70 Mar 67.60 354.87 69.39 228.04 257.83 168.30 65.73 United States Feb 7.47 116.38 0.41 60.69 63.97 54.16 6.13 Mar 7.47 116.38 0.41 60.42 63.69 54.84 5.72 Total Foreign Feb 91.36 266.63 163.67 263.21 312.44 113.31 95.90 Mar 91.53 258.77 164.99 259.62 307.44 113.56 94.29 Major Exporters 3/ Feb 50.94 206.30 7.02 93.58 104.61 104.73 54.93 Mar 51.19 198.10 8.02 91.54 101.15 104.50 51.66 Argentina Feb 23.90 41.00 6.25 37.30 44.55 4.20 22.40 Mar 23.90 33.00 7.25 35.25 40.95 3.40 19.80 Brazil Feb 26.82 153.00 0.75 52.75 56.35 92.00 32.22 Mar 26.89 153.00 0.75 52.75 56.40 92.70 31.54 Paraguay Feb 0.20 10.00 0.01 3.45 3.63 6.30 0.28 Mar 0.18 10.00 0.01 3.45 3.58 6.40 0.21 Major Importers 4/ Feb 34.20 23.71 129.53 122.50 151.84 0.37 35.23 Mar 34.20 23.66 129.53 120.50 149.84 0.37 37.18 China Feb 31.40 20.33 96.00 94.00 115.30 0.10 32.33 Mar 31.40 20.28 96.00 92.00 113.30 0.10 34.28 European Union Feb 1.55 2.47 13.90 14.65 16.23 0.25 1.44 Mar 1.55 2.47 13.90 14.65 16.23 0.25 1.44 Southeast Asia Feb 0.69 0.50 9.88 4.85 10.20 0.02 0.86 Mar 0.69 0.50 9.88 4.85 10.20 0.02 0.86 Mexico Feb 0.30 0.19 6.40 6.50 6.55 0.00 0.34 Mar 0.30 0.19 6.40 6.50 6.55 0.00 0.34 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includ es Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to rounding. March 2023 WASDE - 634 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 15.17 248.25 64.44 243.92 69.34 14.60 World Less China 15.17 174.59 64.37 171.24 68.29 14.60 United States 0.31 45.87 0.71 34.18 12.41 0.31 Total Foreign 14.86 202.37 63.73 209.74 56.93 14.29 Major Exporters 3/ 6.54 75.50 0.26 28.33 47.30 6.67 Argentina 2.57 31.32 0.00 3.28 28.33 2.29 Brazil 3.77 36.18 0.02 19.20 16.58 4.20 India 0.20 8.00 0.24 5.85 2.40 0.19 Major Importers 4/ 2.63 22.86 37.25 59.63 1.12 2.00 European Union 0.79 12.48 16.51 28.39 0.85 0.55 Mexico 0.18 4.90 1.85 6.73 0.01 0.20 Southeast Asia 5/ 1.48 3.69 17.05 20.86 0.27 1.10 China 0.00 73.66 0.07 72.68 1.05 0.00 2021/22 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 14.60 245.57 66.03 243.51 68.44 14.26 World Less China 14.60 176.27 65.98 174.64 67.95 14.26 United States 0.31 47.01 0.59 35.35 12.27 0.28 Total Foreign 14.29 198.56 65.44 208.16 56.17 13.97 Major Exporters 3/ 6.67 76.04 0.79 29.16 47.74 6.60 Argentina 2.29 30.29 0.14 3.33 26.59 2.80 Brazil 4.20 38.95 0.01 19.55 20.21 3.40 India 0.19 6.80 0.65 6.29 0.94 0.41 Major Importers 4/ 2.00 22.60 38.13 59.85 1.13 1.77 European Union 0.55 12.17 16.84 28.04 0.77 0.74 Mexico 0.20 5.02 1.83 6.88 0.02 0.15 Southeast Asia 5/ 1.10 3.47 17.77 21.23 0.34 0.77 China 0.00 69.30 0.06 68.87 0.48 0.00 2022/23 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Feb 14.09 254.38 65.45 250.95 69.41 13.55 Mar 14.26 251.47 64.30 248.88 68.18 12.96 World Less China Feb 14.09 179.93 65.40 176.86 69.01 13.55 Mar 14.26 178.61 64.25 176.36 67.78 12.96 United States Feb 0.28 47.75 0.54 35.83 12.43 0.32 Mar 0.28 47.66 0.54 35.74 12.43 0.32 Total Foreign Feb 13.80 206.63 64.90 215.12 56.98 13.23 Mar 13.97 203.81 63.75 213.13 55.76 12.65 Major Exporters 3/ Feb 6.60 77.73 0.12 29.87 48.40 6.18 Mar 6.60 76.13 0.12 29.90 47.20 5.75 Argentina Feb 2.80 29.09 0.00 3.35 26.20 2.34 Mar 2.80 27.50 0.00 3.33 24.90 2.07 Brazil Feb 3.40 40.88 0.02 19.85 21.00 3.44 Mar 3.40 40.88 0.02 19.85 21.10 3.34 India Feb 0.41 7.76 0.10 6.67 1.20 0.40 Mar 0.41 7.76 0.10 6.73 1.20 0.34 Major Importers 4/ Feb 1.67 22.38 38.40 59.72 1.09 1.64 Mar 1.77 22.38 38.10 59.47 1.09 1.68 European Union Feb 0.64 11.57 16.70 27.64 0.78 0.50 Mar 0.74 11.57 16.40 27.39 0.78 0.55 Mexico Feb 0.15 5.14 1.85 6.95 0.01 0.18 Mar 0.15 5.14 1.85 6.95 0.01 0.18 Southeast Asia 5/ Feb 0.77 3.79 18.00 21.44 0.31 0.82 Mar 0.77 3.79 18.00 21.44 0.31 0.81 China Feb 0.00 74.45 0.05 74.10 0.40 0.00 Mar 0.00 72.86 0.05 72.51 0.40 0.00 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. March 2023 WASDE - 634 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 5.27 59.33 11.71 58.43 12.61 5.27 World Less China 4.49 42.66 10.47 40.83 12.57 4.23 United States 0.84 11.35 0.14 10.58 0.79 0.97 Total Foreign 4.43 47.98 11.57 47.85 11.83 4.30 Major Exporters 3/ 1.51 20.55 0.74 12.49 9.02 1.28 Argentina 0.55 7.93 0.00 2.04 6.14 0.30 Brazil 0.48 8.99 0.25 7.95 1.26 0.50 European Union 0.44 3.00 0.49 2.43 1.06 0.44 Major Importers 4/ 1.50 19.96 6.77 26.36 0.21 1.67 China 0.78 16.67 1.23 17.60 0.04 1.03 India 0.18 1.80 3.25 4.95 0.01 0.26 North Africa 5/ 0.43 0.99 1.63 2.60 0.13 0.33 2021/22 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 5.27 59.04 11.46 59.21 12.13 4.43 World Less China 4.23 43.36 11.17 42.56 12.02 4.19 United States 0.97 11.86 0.14 11.26 0.80 0.90 Total Foreign 4.30 47.18 11.32 47.95 11.33 3.52 Major Exporters 3/ 1.28 20.68 0.59 12.59 8.62 1.35 Argentina 0.30 7.66 0.09 2.66 4.87 0.52 Brazil 0.50 9.67 0.03 7.45 2.41 0.35 European Union 0.44 2.93 0.46 2.41 0.97 0.46 Major Importers 4/ 1.67 18.89 6.57 26.13 0.28 0.72 China 1.03 15.68 0.29 16.65 0.11 0.24 India 0.26 1.53 4.23 5.83 0.02 0.18 North Africa 5/ 0.33 1.22 1.41 2.55 0.13 0.26 2022/23 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Feb 4.47 60.91 11.23 59.86 12.10 4.65 Mar 4.43 60.21 10.94 59.35 11.82 4.40 World Less China Feb 4.23 44.07 10.23 42.41 12.01 4.11 Mar 4.19 43.72 9.94 42.25 11.73 3.87 United States Feb 0.90 11.91 0.14 11.75 0.32 0.88 Mar 0.90 11.88 0.14 11.82 0.23 0.88 Total Foreign Feb 3.56 49.01 11.10 48.11 11.78 3.78 Mar 3.52 48.33 10.81 47.54 11.60 3.52 Major Exporters 3/ Feb 1.38 20.97 0.58 12.64 9.02 1.28 Mar 1.35 20.57 0.53 12.59 8.76 1.09 Argentina Feb 0.52 7.37 0.00 2.34 5.10 0.45 Mar 0.52 6.97 0.00 2.34 4.75 0.40 Brazil Feb 0.35 10.16 0.08 7.90 2.25 0.44 Mar 0.35 10.16 0.08 7.90 2.35 0.34 European Union Feb 0.46 2.78 0.50 2.33 1.08 0.33 Mar 0.46 2.78 0.45 2.28 1.08 0.33 Major Importers 4/ Feb 0.72 20.31 6.40 26.24 0.21 0.98 Mar 0.72 19.95 6.30 25.76 0.21 1.00 China Feb 0.24 16.85 1.00 17.45 0.09 0.55 Mar 0.24 16.49 1.00 17.10 0.09 0.54 India Feb 0.18 1.75 3.15 4.94 0.02 0.13 Mar 0.18 1.75 3.15 4.94 0.02 0.13 North Africa 5/ Feb 0.26 1.19 1.55 2.62 0.11 0.28 Mar 0.26 1.19 1.55 2.62 0.11 0.28 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, Bangladesh, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. March 2023 WASDE - 634 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2021 Annual 27,948 27,675 55,815 44,899 5,558 50,995 106,810 9,298 226.3 2022 I 7,022 6,904 13,972 11,170 1,374 12,678 26,650 2,319 56.3 II 7,069 6,639 13,755 11,279 1,275 12,697 26,452 2,218 57.8 III 7,147 6,533 13,725 11,896 1,264 13,312 27,037 2,259 56.4 IV 7,053 6,919 14,018 11,861 1,310 13,310 27,328 2,277 55.9 Annual Feb Est. 28,290 26,995 55,470 46,201 5,222 51,993 107,462 9,009 226.6 Mar Est. 28,290 26,994 55,469 46,206 5,222 51,997 107,467 9,074 226.5 2023 I* 6,845 7,000 13,890 11,400 1,360 12,895 26,785 2,220 57.0 II* 6,635 6,545 13,227 11,550 1,380 13,070 26,297 2,305 58.3 III* 6,645 6,650 13,341 12,000 1,420 13,565 26,906 2,375 56.8 IV* 6,540 7,215 13,802 11,800 1,425 13,355 27,157 2,430 56.4 Annual Feb Proj. 26,495 27,435 54,114 46,700 5,560 52,790 106,904 9,385 228.3 Mar Proj. 26,665 27,410 54,259 46,750 5,585 52,885 107,144 9,330 228.5 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2021 Annual 122.40 67.29 101.2 122.8 118.5 18.53 2022 I 139.25 65.55 135.1 131.4 170.8 24.93 II 141.93 75.58 167.5 143.9 251.6 27.10 III 143.42 80.20 136.1 165.4 295.6 24.80 IV 152.99 63.49 123.5 177.5 411.7 25.40 Annual Feb Est. 144.40 71.21 140.5 154.5 282.4 25.56 Mar Est. 144.40 71.21 140.5 154.5 282.4 25.56 2023 I* 161.00 56.00 123.0 171.0 308.0 21.90 II* 163.00 70.00 127.0 162.0 200.0 19.95 III* 159.00 73.00 128.0 155.0 165.0 19.30 IV* 164.00 64.00 129.0 160.0 175.0 20.60 Annual Feb Proj. 159.0 66.5 126.5 162.0 207.0 20.70 Mar Proj. 162.0 66.0 127.0 162.0 212.0 20.45 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51-52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. March 2023 WASDE - 634 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2021 716 28,016 3,346 32,078 3,441 676 27,962 58.9 2022 Est. Feb 676 28,358 3,391 32,425 3,536 723 28,165 59.1 Mar 676 28,358 3,391 32,425 3,536 723 28,165 59.1 2023 Proj. Feb 723 26,563 3,425 30,711 3,090 640 26,981 56.3 Mar 723 26,733 3,425 30,881 3,090 640 27,151 56.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2021 467 27,690 1,180 29,337 7,026 446 21,865 51.1 2022 Est. Feb 446 27,009 1,344 28,799 6,338 506 21,955 51.1 Mar 446 27,009 1,344 28,799 6,338 504 21,957 51.1 2023 Proj. Feb 506 27,450 1,005 28,961 6,350 515 22,096 51.1 Mar 504 27,425 1,005 28,934 6,350 535 22,049 51.0 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2021 1,217 55,906 4,890 62,014 10,470 1,147 50,397 111.5 2022 Est. Feb 1,147 55,561 5,093 61,801 9,880 1,257 50,665 111.6 Mar 1,147 55,561 5,093 61,801 9,880 1,256 50,666 111.6 2023 Proj. Feb 1,257 54,206 4,797 60,260 9,446 1,181 49,633 108.9 Mar 1,256 54,350 4,797 60,403 9,446 1,201 49,757 109.2 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2021 830 44,419 155 45,403 7,355 705 37,343 96.5 2022 Est. Feb 705 45,707 176 46,588 7,278 892 38,418 98.9 Mar 705 45,711 176 46,593 7,278 892 38,423 98.9 2023 Proj. Feb 892 46,200 160 47,253 7,315 840 39,098 100.2 Mar 892 46,250 160 47,302 7,315 860 39,127 100.2 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2021 223 5,558 22 5,804 548 166 5,090 15.3 2022 Est. Feb 166 5,222 85 5,473 408 190 4,876 14.6 Mar 166 5,222 85 5,473 408 190 4,876 14.6 2023 Proj. Feb 190 5,560 120 5,870 370 185 5,315 15.9 Mar 190 5,585 120 5,895 360 200 5,335 15.9 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2021 1,057 50,514 180 51,751 7,947 874 42,930 113.3 2022 Est. Feb 874 51,498 268 52,641 7,715 1,087 43,838 115.2 Mar 874 51,502 268 52,645 7,715 1,087 43,843 115.2 2023 Proj. Feb 1,087 52,290 286 53,663 7,701 1,030 44,932 117.6 Mar 1,087 52,384 286 53,758 7,691 1,065 45,002 117.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2021 2,274 106,420 5,070 113,765 18,418 2,021 93,327 224.8 2022 Est. Feb 2,021 107,059 5,361 114,442 17,595 2,344 94,503 226.8 Mar 2,021 107,064 5,362 114,446 17,595 2,343 94,509 226.8 2023 Proj. Feb 2,344 106,496 5,083 113,923 17,147 2,211 94,566 226.5 Mar 2,343 106,735 5,083 114,161 17,137 2,266 94,758 226.9 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. March 2023 WASDE - 634 - 33 U.S. Egg Supply and Use Commodity 2020 2021 2022 Est. 2022 Est. 2023 Proj. 2023 Proj. Feb Mar Feb Mar Eggs Million Dozen Supply Beginning Stocks 31.6 24.5 19.1 19.1 18.8 18.8 Production 9,295.5 9,297.9 9,009.1 9,073.8 9,385.0 9,330.0 Imports 15.5 18.2 25.9 25.9 26.0 26.0 Total Supply 9,342.6 9,340.6 9,054.1 9,118.8 9,429.8 9,374.8 Use Exports 344.0 392.2 226.5 226.5 240.0 240.0 Hatching Use 1,078.4 1,103.9 1,118.0 1,117.9 1,140.0 1,125.0 Ending Stocks 24.5 19.1 18.8 18.8 20.0 21.0 Disappearance Total 7,895.6 7,825.4 7,690.9 7,755.7 8,029.8 7,988.8 Per Capita (number) 285.6 282.5 276.6 279.0 287.4 285.9 Total U.S. Milk Supply and Use Commodity 2020 2021 2022 Est. 2022 Est. 2023 Proj. 2023 Proj. Feb Mar Feb Mar Milk Billion Pounds Production 223.3 226.3 226.6 226.5 228.3 228.5 Farm Use 1.1 1.0 1.1 1.1 1.1 1.1 Fat Basis Supply Beginning Stocks 13.6 15.6 14.3 14.3 14.4 14.4 Marketings 222.2 225.3 225.6 225.4 227.3 227.5 Imports 6.8 6.5 7.1 7.1 7.3 7.4 Total Supply 242.6 247.4 247.0 246.8 248.9 249.2 Fat Basis Use Exports 9.3 11.5 13.4 13.4 13.1 13.0 Ending Stocks 15.6 14.3 14.4 14.4 14.6 14.6 Domestic Use 217.8 221.5 219.2 219.0 221.2 221.6 Skim -solid Basis Supply Beginning Stocks 10.2 10.9 11.1 11.1 11.8 11.7 Marketings 222.2 225.3 225.6 225.4 227.3 227.5 Imports 5.6 5.8 6.7 6.7 6.4 6.5 Total Supply 238.0 241.9 243.3 243.2 245.4 245.6 Skim -solid Basis Use Exports 47.2 50.8 52.5 52.5 52.1 51.9 Ending Stocks 10.9 11.1 11.8 11.7 12.3 12.2 Domestic Use 179.9 180.1 179.0 179.0 181.1 181.5 Total Dairy domestic use for 2020 includes additional milk marketed but not processed. Note: Totals may not add due to rounding. March 2023 WASDE - 634 - 34 U.S. Dairy Prices Commodity 2020 2021 2022 Est. 2022 Est. 2023 Proj. 2023 Proj. Feb Mar Feb Mar Product Prices 1/ Dollars Per Pound Cheese 1.9236 1.6755 2.1122 2.1122 1.860 1.810 Butter 1.5808 1.7325 2.8665 2.8665 2.330 2.335 Nonfat Dry Milk 1.0417 1.2693 1.6851 1.6851 1.225 1.230 Dry Whey 0.3621 0.5744 0.6035 0.6035 0.365 0.390 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 18.16 17.08 21.94 21.94 17.90 17.55 Class IV 13.49 16.09 24.47 24.47 18.25 18.30 All Milk 3/ 18.13 18.53 25.56 25.56 20.70 20.45 All prices are January -December averages. 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation. March 2023 WASDE - 634 - 35 Reliability of March Projections 1/ Note: Tables on pages 35 -37 present a record of the March projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0.5 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 0.9 percent. Th e average difference between the March projection and the final estimate is 2.4 million tons, ranging from 0 million to 8 million tons. The March projection has been below the estimate 30 times and above 11 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 0.5 0.9 2.4 0.0 8.0 30 11 U.S. 0.2 0.3 0.1 0.0 0.3 19 11 Foreign 0.6 1.0 2.3 0.1 8.0 30 11 Exports World 4.2 7.1 4.3 0.0 17.0 33 8 U.S. 3.1 5.2 0.8 0.0 2.4 22 18 Foreign 5.1 8.6 4.2 0.1 16.0 31 10 Domestic Use World 0.9 1.5 4.5 0.2 12.2 18 23 U.S. 3.7 6.3 0.9 0.0 2.4 14 27 Foreign 0.9 1.6 4.2 0.1 11.5 23 18 Ending Stocks World 4.1 7.0 5.8 0.2 14.1 28 13 U.S. 8.0 13.4 1.1 0.0 4.5 26 15 Foreign 4.4 7.4 5.1 0.0 13.5 27 13 COARSE GRAINS 2/ Production World 1.2 2.0 10.6 0.5 35.1 34 7 U.S. 0.2 0.3 0.2 0.0 1.8 17 10 Foreign 1.7 2.8 10.7 0.5 35.1 34 7 Exports World 5.1 8.6 5.3 0.0 24.2 28 13 U.S. 8.2 13.8 3.4 0.0 9.1 20 21 Foreign 8.2 13.9 5.1 0.1 21.5 27 14 Domestic Use World 1.0 1.6 7.2 0.1 24.2 23 18 U.S. 2.8 4.8 4.0 0.2 17.3 15 26 Foreign 1.1 1.9 7.1 0.4 24.6 27 14 Ending Stocks World 10.2 17.1 13.7 0.6 143.8 36 5 U.S. 13.3 22.4 4.6 0.1 15.3 23 18 Foreign 12.5 21.0 11.5 0.5 142.1 37 4 RICE, milled Production World 1.3 2.2 3.5 0.2 13.8 30 11 U.S. 1.2 2.1 0.0 0.0 0.2 11 6 Foreign 1.3 2.2 3.5 0.1 13.8 30 11 Exports World 8.0 13.5 1.6 0.1 5.3 32 9 U.S. 7.0 11.8 0.2 0.0 0.5 19 19 Foreign 8.9 15.1 1.6 0.1 4.9 31 10 Domestic Use World 1.2 1.9 3.4 0.2 13.9 27 14 U.S. 7.0 11.8 0.2 0.0 0.5 17 23 Foreign 1.2 2.0 3.3 0.2 13.5 27 14 Ending Stocks World 8.4 14.2 5.0 0.5 25.8 28 13 U.S. 18.3 30.9 0.2 0.0 0.4 22 17 Foreign 8.7 14.7 5.0 0.3 25.7 28 13 1/ Footnotes at end of table. CONTINUED March 2023 WASDE - 634 - 36 Reliability of March Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 2.2 3.7 3.4 0.1 12.4 22 19 U.S. 1.4 2.3 0.7 0.0 3.2 18 16 Foreign 3.6 6.1 3.3 0.1 12.6 23 18 Exports World 5.5 9.3 3.0 0.0 12.8 26 14 U.S. 6.4 10.8 1.7 0.1 6.7 29 12 Foreign 14.2 23.9 2.8 0.1 16.8 19 22 Domestic Use World 2.0 3.4 3.0 0.0 11.4 20 21 U.S. 2.9 4.9 1.1 0.0 3.0 26 14 Foreign 2.4 4.0 2.5 0.1 12.8 19 22 Ending Stocks World 13.0 21.8 4.1 0.1 16.4 22 19 U.S. 39.5 66.6 2.0 0.1 7.2 12 29 Foreign 13.9 23.4 3.7 0.1 17.1 28 13 COTTON Million 480 -Pound Bales Production World 1.8 3.1 1.4 0.0 5.2 24 15 U.S. 0.9 1.6 0.1 0.0 0.3 14 26 Foreign 2.2 3.7 1.4 0.0 5.3 24 16 Exports World 5.2 8.8 1.4 0.0 6.5 22 18 U.S. 6.4 10.8 0.5 0.0 1.7 18 22 Foreign 6.7 11.2 1.2 0.0 5.8 24 17 Domestic Use World 3.3 5.6 2.0 0.0 16.1 20 21 U.S. 7.2 12.2 0.2 0.0 0.9 20 18 Foreign 4.1 6.9 2.2 0.1 15.3 21 20 Ending Stocks World 8.7 14.7 3.5 0.2 16.2 25 16 U.S. 17.9 30.1 0.6 0.0 2.2 15 26 Foreign 9.3 15.7 3.3 0.0 14.0 27 14 1/ Marketing years 1981/82 through 2021/22 for grains, soybeans (U.S. only), and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2020/21, and for 2021/22 the last mon th’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. March 2023 WASDE - 634 - 37 Reliability of United States March Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 0.2 0.3 6 0 72 1 5 Exports 8.3 14.1 120 13 310 19 22 Domestic Use 2.7 4.6 137 9 474 16 25 Ending Stocks 14.9 25.1 177 3 713 24 17 SORGHUM Production 0.1 0.2 0 0 4 0 2 Exports 14.2 23.9 25 0 90 25 14 Domestic Use 15.2 25.7 30 1 178 17 24 Ending Stocks 40.9 68.9 23 1 148 16 25 BARLEY Production 1.0 1.6 1 0 11 20 4 Exports 18.5 31.1 5 0 20 14 23 Domestic Use 7.1 11.9 14 0 70 18 21 Ending Stocks 14.7 24.7 14 1 53 25 16 OATS Production 0.4 0.7 0 0 2 5 4 Exports 33.7 56.7 1 0 3 7 6 Domestic Use 5.2 8.8 10 0 36 15 25 Ending Stocks 16.8 28.2 11 0 47 24 16 SOYBEAN MEAL Thousand Short Tons Production 2.9 4.9 902 79 2,917 29 12 Exports 8.7 14.6 599 1 2,426 32 9 Domestic Use 2.5 4.1 573 41 2,066 28 13 Ending Stocks 34.2 57.5 66 0 253 16 23 SOYBEAN OIL Million Pounds Production 2.8 4.8 415 7 1,173 29 12 Exports 20.0 33.7 276 0 877 25 15 Domestic Use 2.4 4.0 311 9 760 25 16 Ending Stocks 17.6 29.6 254 17 721 24 17 ANIMAL PROD. Million Pounds Beef 2.6 4.4 537 77 1,613 25 15 Pork 2.8 4.8 368 5 1,667 23 17 Broilers 1.6 2.7 373 16 1,501 23 17 Turkeys 3.1 5.2 125 3 447 18 22 Million Dozen Eggs 1.9 3.2 100 3 534 23 17 Billion Pounds Milk 1.3 2.2 1.6 0.1 5.2 23 17 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2021/22 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2021/22. Calendar years 1982 through 2021 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2021. WASDE- 634-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricult ural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. IPAD is located at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ Click to receive WASDE -related notifications b y email Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at [email protected] World Agricultural Supply and Demand Estimates WASDE -634 – March 8, 2023 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and empl oyer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 629 Approved by the World Agricultural Outlook Board October 12, 2022 WHEAT: The outlook for 2022/23 U.S. wheat this month is for lower supplies, domestic use, exports, and stocks. Supplies are reduced on lower 2022/23 production based on the NASS Small Grains Summary that indicated reductions in both harvested area and yield. This lowered production by 133 million bushels to 1,650 million, leaving production only minimally higher than last year. Partially offsetting the production decline are higher projected imports, raised 10 million bushels to 120 million, all for Hard Red Spring. Annual feed and residual use is lowered 30 million bushels to 50 million, based on first quarter disappearance, as indicated in the NASS Grain Stocks report. This is the lowest first quarter total disappearance since 1983/84. Wheat exports are lower ed 50 million bushels to 775 million on reduced supplies, slow pace of export sales, and continued uncompetitive U.S. export prices. This would be the lowest U.S. wheat exports since 1971/72. Projected ending stocks are lowered 34 million bushels to 57 6 million, which would be the lowest since 2007/08. The season- average farm price is raised $0.20 per bushel to $9.20 on reported NASS prices to date and expectations for futures and cash prices for the remainder of 2022/23. The global wheat outlook for 2022/23 wheat is for reduced supplies, consumption, trade, and stocks. Supplies are lowered 1.9 million tons to 1,057.7 million on reduced production for the United States and Argentina more than offsetting higher EU production although world production remains at a record. Argentina is lowered 1.5 million tons to 17.5 million with reductions in both area harvested and yield on continued widespread dry conditions. EU production is raised 2.7 million tons to 134.8 million, mainly on higher government est imates from Poland and Germany. Global consumption is reduced 0.9 million tons to 790.2 million on lower food, seed, and industrial use more than offsetting higher feed and residual use. World trade is lowered 0.6 million tons to 208.3 million on reduc ed exports by the United States and Argentina more than offsetting higher EU exports. Projected 2022/23 ending stocks are lowered 1.0 million tons to 267.5 million mostly on a reduction for the United States. COARSE GRAINS: This month’s 2022/23 U.S. c orn outlook is for reduced supplies, greater feed and residual use, lower exports and corn used for ethanol, and smaller ending stocks. Corn production is forecast at 13.895 billion bushels, down 49 million on a reduction in yield to 171.9 bushels per acr e. Corn supplies are forecast at 15.322 billion bushels, a decline of 172 million bushels from last month, as lower production and beginning stocks are partially offset by higher imports. Exports are lowered 125 million bushels reflecting smaller supplies and slow early -season demand. Projected feed and residual use is raised 50 million bushels based on indicated disappearance during 2021/22. Corn use d for ethanol is lowered 50 million bushe ls. With supply falling more than use, corn ending stocks for 2022/23 are cut 47 million bushels. The season- averag e corn price received by producers is raised 5 cents to $6.80 per bushel. WASDE- 629-2 Global coarse grain production for 2022/23 is forecast down 3.8 million tons to 1,459.8 million. The 2022/23 foreign coarse grain outlook is for lower production, greater trade, and smaller stocks relative to last month. Foreign corn production is reduced as declines for the EU and Serbia are partly offset by an increase for India. EU corn production is lowered reflecting reductions for Romania, Bulgaria, Hungary, and France. India corn production is raised based on the latest government statistics. Corn exports are raised for Ukraine and India but lowered for the United States and Serbia. For 2 021/22, corn exports for Argentina are lowered for the local marketing year beginning March 2022 based on shipments through the month of September. For 2022/23, corn imports are lowered for Iran, Japan, and Vietnam, but raised for the EU and United States . Foreign corn en ding stocks are down, mostly reflecting reductions for China and Ukraine. Global corn stocks, at 301.2 million tons, are down 3.3 million. RICE : The outlook for 2022/23 U.S. rice this month is for slightly increased supplies, unchanged domestic use, lowe r exports, and larger ending stocks. Supplies are raised slightly as the NASS October 12 Crop Production report increased the all rice yield 13 pounds to 7,599 pounds per acre. The 2022/23 export forecast is lowered 2.0 million cwt to 75.0 million, all l ong-grain rice, as relatively higher U.S. prices contribute to a slow pace of sales this marketing year. If realized, this would be the lowest all rice export total since 1991/92. Ending stocks are raised 2.3 million cwt to 33.2 million, which would stil l be down more than 16 percent from the prior year. The season- average farm price for all rice is unchanged at $19.40 per cwt. The 2022/23 global rice outlook this month is for lower supplies, consumption, trade, and ending stocks. Supplies are lowered by 3.6 million tons to 689.3 million for 2022/23, primarily on decreases in production for India and Pakistan. India’s production is lowered 2.5 million tons to 124.0 million based on the government’s first estimate of the 2022/23 kharif crop. Production in Pakistan is lowered 1.0 million tons to 7.4 million as widespread and prolonged flooding, particularly in the Sindh province, reduced harvested area and yields. Global exports are lowered 0.4 million tons to 53.2 million as decreases for India and Pakistan are partly offset by increases for Vietnam, Thailand, and Brazil. Global 2022/23 ending stocks are lowered 2.4 million tons to 171.2 million, primarily due to a decrease for India, and would be the lowest level since 2017/18. OILSEEDS : U.S. oilseed production for 2022/23 is forecast ed at 126.9 million tons, down 1.6 million from last month with lower soybean, peanut, and cottonseed production partly offset with higher forecasts for canola and sunflowerseed. Soybean production is forecast at 4.3 billion bushels, down 65 million on lower yields. Harvested area is unchanged at 86.6 million acres. The soybean yield is projected at 49.8 bushels per acre, down 0.7 bushels from the September forecast. With lower production partly offset by higher beginning stocks, supplies are reduced 31 m illion bushels. Soybean exports are reduced 40 million bushels to 2.05 billion with increased competition from South America. With lower exports partly offset by increased crush, ending stocks are unchanged from last month at 200 million bushels. The U.S. season -average soybean price for 2022/23 is forecast at $14.00 per bushel, down 35 cents. Soybean meal and oil prices are unchanged at $390.00 per short ton and 69 cents per pound respectively. WASDE- 629-3 The foreign 2022/23 oilseed outlook includes higher prod uction, crush, trade, and ending stocks. Foreign production is increased 3.3 million tons to 519.7 million mainly on higher soybean and rapeseed production. Soybean production for Brazil is increased 3.0 million tons to 152.0 million, reflecting higher area reported by Brazil’s National Supply Company (CONAB). Rapeseed production for the EU is increased 1.0 million tons to 19.2 million on higher production for France, Germany, and Poland. Partly offsetting is a 0.5- million -ton reduction to 19.5 million for Canada’s canola crop on a lower yield. Global 2022/23 soybean exports are raised 1.0 million tons to 168.8 million with higher exports for Argentina and Brazil that are partly offset by lower exports for the United States and Paraguay. China’s soybean imports are raised 1.0 million tons to 98.0 million with higher global supplies. Conversely, China’s canola imports are lowered 0.5 million tons to 2.3 million reflecting lower Canadian supplies. Global soybean ending stocks are raised 1.6 million tons to 100.5 million, mainly on higher stocks for Brazil. SUGAR: U.S. 2022/23 sugar ending stocks are increased by 161,933 short tons, raw value (STRV) on increases in imports, beginning stocks, and production. On September 15, the USDA established the fis cal year (FY) 2022/23 refined sugar TRQ at 220,000 metric tons, raw value (MTRV), and on September 19 USTR allocated the in- quota quantity of the TRQ among supplying countries. USDA’s action results in an increase in 2022/23 TRQ imports of 217,206 STRV. Added to this amount are imports amounting to 77,437 STRV from the 2021/22 raw sugar TRQ that did not enter in September as forecast but are forecast to enter in 2022/23 after USDA extended the period for entry until December 31, 2022. Arrayed against these increases is an increase in the raw sugar TRQ shortfall by 155,424 STRV to 254,632, due mostly to the decision of officials in the Philippines to allocate all production to domestic consumption and reduce exports to zero. Also, sugar imported under calendar year FTA TRQs are reduced by 10,201 STRV mostly because that sugar entered earlier in 2021/22 than originally forecast. The net effect of beginning stocks on the 2022/23 supply and use balance results from stronger -than-expected Louisiana cane sugar pr oduction in September and from increases in 2021/22 high -tier tariff imports and imports from Mexico. Based on NASS sugar crop yield changes in the October Crop Production report, 2022/23 cane sugar production in Louisiana is increased and more than offsets a small reduction in beet sugar production. Texas cane sugar is reduced on processor reporting. The 2022/23 ending stocks -to-use ratio is projected at 14.8 percent, up from 13.5 last month. Mexico sugar production for 2022/23 is reduced 100,000 MT to 5. 900 million. Area harvested is expected to remain above 800,000 hectares for a second consecutive year as good domestic returns in 2021/22 have incentivized growers to maintain area planted to sugarcane. Nonetheless, yields are expected to be lower than last year due to lower rainfall in certain growing areas, higher prices for fertilizers and other inputs, and some field labor shortages. Lower production is matched by lower exports on a one- to-one basis. Total exports forecast at 1.403 million MT only slig htly exceed exports of 1.385 million projected for shipment under export license to the United States. LIVESTOCK, POULTRY, AND DAIRY : The forecast for 2022 red meat and poultry production is raised from last month, as higher beef, pork, and broiler forecasts are partly WASDE- 629-4 offset by lower turkey . Beef is raised for the second half with higher expected slaughter as well as higher carcass weights for the period. Pork for the third quarter is raised on a higher - than-expected slaughter; no change is made to the fourth -quarter forecast. Broiler production is raised on current slaughter data and higher eggs set and chicks placed. Turkey is lower ed, with an increase in the third quarter more than offset by a reduction in the fourth quarter due in part to recent Highly Pathogenic Avian Influenza (HPAI) discoveries. Egg production is lowered from last month on recent hatchery data and recent HPAI discoveries. For 2023, the red meat and poultry production forecast is raised on higher beef and broiler production. Beef is raised on higher expected placements in late 2022 which will be marketed in the first half of 2023. Broiler production is raised on expected growth in eggs set and chicks placed during the year. Pork is lowered on expected farrowings and modest growth in pigs per litter. Turkey is lowered slightly for the first two quarters. Egg production is rais ed, with a raised second half forecast more than offsetting a reduction in first half production. Beef imports for 2022 are lowered on slower third quarter exports. Exports are raised on the current pace of trade in the third quarter but the forecast for the fourth quarter is unchanged. Beef imports for 2023 are raised . 2023 exports are forecast higher on expectations of firm demand in a number of As ian markets. Pork imports and exports are lowered for 2022 on recent data. For 2023, pork exports are lowered on tighter domestic supplies and weaker demand in several markets. Broiler export forecasts for 2022 and 2023 are unchanged. Turkey expor ts are lowered for 2022 but raised for 2023. Cattle price forecasts for 2022 are raised on current strength in packer demand, but forecasts for 2023 are unchanged. The 2022 hog price forecast is lowered on recent prices, and 2023 prices are also lowered on weaker expected demand and competition from increased broiler supplies. Broiler price forecasts for 2022 and 2023 are lowered on higher forecast production. Turkey price forecasts for both 2022 and 2023 are raised with lowered production forecasts. Egg price forecasts for 2022 and 2023 are raised on recent prices and expectations of continued firm demand. The milk production forecasts for 2022 and 2023 are raised from last month. The cow inventory is raised reflecting a more rapid pace of expansion in late 2022 and the first half of 2023. Output -per-cow is raised for the remainder of 2022 and into the first part of 2023. Fat and skim -solids basis imports for 2022 are raised, largely driven by recent trade data and higher expected imports of cheese and a number of other products; the skim imports increase also reflects strong milk protein concentrate and casein imports. Forecasts for 2023 imports for both bases are also raised largely on stronger imports of butter. Exports for both years are r aised on expectations of stronger whey, lactose, and butterfat product exports . However, export growth in skim milk powder is expected to be slower in 2022. For 2022, forecasts for butter and cheese prices are raised on current price strength, but nonfat dry milk (NDM) and whey prices are lowered. Both Class III and Class IV prices are raised, reflecting the higher butter and cheese prices respectively. For 2023, price forecasts for butter and cheese are raised while the NDM prices is lower. The Class III price is raised on higher cheese and Class IV price forecast is raised as the higher butter price more than WASDE- 629-5 offsets the lower expected NDM price. The 2022 all milk price forecast is raised to $25.60 per cwt and the 2023 all milk price is raised to $22.90 per cwt. COTTON : The 2022/23 U.S. cotton supply and demand estimates show slightly lower exports and higher ending stocks compared with last month. Production is virtually unchanged at 13.8 million bales, le ss than 1 percent lower than a month earlier. With world trade projected lower, the export forecast is 100,000 bales lower at 12.5 million bales, while ending stocks are 100,000 bales higher. The 2022/23 season- average price for upland cotton is forecast at 90.0 cents per pound, 6 cents lower than last month and slightly below the final 2021/22 record- high price of 91.4 cents. In the 2022/23 world balance sheet this month, consumption is 3.0 million bales lower and ending stocks are 3.1 million bales hig her. China’s historical consumption estimates are revised back to 2019/20, with the largest change in 2021/22, which is revised down 2.0 million bales. China’s projected 2022/23 consumption is 1.0 million bales lower this month, as is India’s. Pakistan’s is 500,000 bales lower, and consumption is also lower for Turkey, Mexico, and Vietnam. World trade is projected nearly 1 million bales lower than it was in September, with declines in imports by China, Pakistan, Mexico, Turkey, and Vietnam. Exports are lower for Australia, Brazil, India, Benin, Cote d’Ivoire, Greece, and Mexico, as well as the United States. World production in 2022/23 is projected nearly 400,000 bales lower than it was a month ago, largely reflecting lower crops in Pakistan and Benin. Approved by the Secretary of Agriculture and by the Chairman of the World Agricultural Outlook Board, Mark Jekanowski, (202) 720- 6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY : SETH MEYER SECRETARY OF AGRICULTURE DESIGNATE WASDE- 629-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone, ICEC Chair, WAOB, [email protected] Andrew Sowell, ERS; Rachel Trego, FAS; Bruce McWilliams, FPAC. Rice: Mark Simone, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Todd Hubbs, ERS; Kevin Min, F AS; Jacob Vuillemin, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Maria Bukowski, ERS; Agata Kingsbury , FAS; Gustavo Ferreira, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; Graham Soley, FAS; Kent Lanclos, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Vida Abadam, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; John Brower, FAS; Georgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Grace Grossen, ERS; Claire Mezoughem, FAS; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Angel Teran, ERS; Jeffery Dwyer, FAS; Georgi Gabrielyan, FPAC. In 2022 the WASDE report will be released on Nov 9 and Dec 9. In 2023 the WASDE report will be released on Jan 12, Feb 8, Mar 8, Apr 11, May 12, Jun 9, Jul 12, Aug 11, Sep 12, Oct 12, Nov 9, and Dec 8. WASDE- 629-7 T A B L E OF C O N T E N T S Page Highlights ................................................................................................................. 1 Interagency Commodity Estimates Committees ...................................................... 6 World & U.S. Supply & Use for Grains .................................................................... 8 World & U.S. Supply & Use for Cotton .................................................................... 9 World & U.S. Supply & Use for Oilseeds ............................................................... 10 U.S. Wheat Supply & Use ...................................................................................... 11 U.S. Wheat Supply & Use by Class ....................................................................... 11 U.S. Feed Grain & Corn Supply & Use .................................................................. 12 U.S. Sorghum, Barley & Oats Supply & Use ......................................................... 13 U.S. Rice Supply & Use ......................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................. 15 U.S. Sugar Supply & Use ...................................................................................... 16 Mexico Sugar Supply and Use .............................................................................. 16 U.S. Cotton Supply & Use ..................................................................................... 17 World Wheat Supply & Use ................................................................................... 18 World Coarse Grains Supply & Use ...................................................................... 20 World Corn Supply & Use ...................................................................................... 22 World Rice Supply & Use ...................................................................................... 24 World Cotton Supply & Use ................................................................................... 26 World Soybean Supply & Use ............................................................................... 28 World Soybean Meal Supply & Use ....................................................................... 29 World Soybean Oil Supply & Use .......................................................................... 30 U.S. Quarterly Animal Product Production ............................................................ 31 U.S. Quarterly Prices for Animal Products ............................................................. 31 U.S. Meats Supply and Use ................................................................................... 32 U.S. Egg Supply & Use .......................................................................................... 33 U.S. Milk Su pply and Use ...................................................................................... 33 U.S. Dairy Prices ................................................................................................... 34 Reliability Tables ................................................................................................... 35 Related USDA Reports .......................................................................................... 38 Metric Conversion Factors ..................................................................................... 38 Electronic Access and Subscriptions ........................................................................ 40 October 2022 WASDE - 629 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2020/21 2724.98 3542.65 487.82 2741.29 801.36 2021/22 (Est.) 2798.80 3600.16 508.74 2805.79 794.38 filler filler filler filler filler 2022/23 (Proj.) Sep 2755.53 3554.77 488.85 2782.95 771.82 2022/23 (Proj.) Oct 2746.53 3540.91 487.42 2775.16 765.75 filler filler filler filler filler Wheat 2020/21 774.53 1072.64 203.40 782.24 290.40 2021/22 (Est.) 779.76 1070.16 202.78 794.15 276.01 filler filler filler filler filler 2022/23 (Proj.) Sep 783.92 1059.59 208.89 791.02 268.57 2022/23 (Proj.) Oct 781.70 1057.71 208.33 790.17 267.54 filler filler filler filler filler Coarse Grains 5/ 2020/21 1441.19 1778.51 233.50 1455.70 322.81 2021/22 (Est.) 1503.73 1826.55 250.50 1492.42 334.12 filler filler filler filler filler 2022/23 (Proj.) Sep 1463.62 1802.30 226.35 1472.61 329.68 2022/23 (Proj.) Oct 1459.80 1793.92 225.86 1466.91 327.01 filler filler filler filler filler Rice, milled 2020/21 509.26 691.50 50.92 503.35 188.15 2021/22 (Est.) 515.31 703.46 55.47 519.21 184.25 filler filler filler filler filler 2022/23 (Proj.) Sep 507.99 692.88 53.61 519.32 173.56 2022/23 (Proj.) Oct 505.04 689.29 53.22 518.09 171.20 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2020/21 429.86 516.87 107.23 351.24 58.40 2021/22 (Est.) 448.60 513.39 94.85 361.36 57.18 filler filler filler filler filler 2022/23 (Proj.) Sep 418.86 486.60 87.83 348.22 50.56 2022/23 (Proj.) Oct 414.27 479.41 82.97 347.51 48.93 filler filler filler filler filler Wheat 2020/21 49.75 80.46 27.05 30.41 23.00 2021/22 (Est.) 44.80 70.40 21.78 30.40 18.21 filler filler filler filler filler 2022/23 (Proj.) Sep 48.52 69.48 22.45 30.43 16.60 2022/23 (Proj.) Oct 44.90 66.38 21.09 29.61 15.68 filler filler filler filler filler Coarse Grains 5/ 2020/21 372.89 427.19 77.21 315.97 34.01 2021/22 (Est.) 397.71 434.32 70.46 326.15 37.71 filler filler filler filler filler 2022/23 (Proj.) Sep 365.09 409.22 62.93 313.31 32.98 2022/23 (Proj.) Oct 364.11 405.12 59.50 313.42 32.20 filler filler filler filler filler Rice, milled 2020/21 7.22 9.22 2.97 4.86 1.39 2021/22 (Est.) 6.09 8.68 2.61 4.81 1.26 filler filler filler filler filler 2022/23 (Proj.) Sep 5.24 7.90 2.45 4.48 0.98 2022/23 (Proj.) Oct 5.25 7.91 2.38 4.48 1.05 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). October 2022 WASDE - 629 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2020/21 2,295.12 3,025.79 380.59 2,390.06 742.96 2021/22 (Est.) 2,350.20 3,086.78 413.89 2,444.43 737.19 filler filler filler filler filler 2022/23 (Proj.) Sep 2,336.67 3,068.17 401.03 2,434.73 721.26 2022/23 (Proj.) Oct 2,332.27 3,061.50 404.44 2,427.65 716.82 filler filler filler filler filler Wheat 2020/21 724.78 992.18 176.36 751.83 267.40 2021/22 (Est.) 734.96 999.76 181.00 763.75 257.80 filler filler filler filler filler 2022/23 (Proj.) Sep 735.40 990.11 186.44 760.59 251.97 2022/23 (Proj.) Oct 736.80 991.33 187.24 760.56 251.86 filler filler filler filler filler Coarse Grains 5/ 2020/21 1,068.30 1,351.32 156.29 1,139.73 288.80 2021/22 (Est.) 1,106.02 1,392.23 180.04 1,166.27 296.41 filler filler filler filler filler 2022/23 (Proj.) Sep 1,098.53 1,393.08 163.42 1,159.30 296.71 2022/23 (Proj.) Oct 1,095.68 1,388.80 166.36 1,153.48 294.82 filler filler filler filler filler Rice, milled 2020/21 502.03 682.29 47.95 498.49 186.76 2021/22 (Est.) 509.22 694.78 52.86 514.41 182.98 filler filler filler filler filler 2022/23 (Proj.) Sep 502.75 684.98 51.17 514.84 172.58 2022/23 (Proj.) Oct 499.79 681.38 50.84 513.61 170.15 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2020/21 111.47 209.86 48.71 123.13 86.77 2021/22 (Est.) 115.54 202.31 42.94 117.37 85.26 filler filler filler filler filler 2022/23 (Proj.) Sep 118.45 203.24 44.58 118.63 84.75 2022/23 (Proj.) Oct 118.05 203.31 43.61 115.60 87.87 filler filler filler filler filler United States 2020/21 14.61 21.86 16.35 2.40 3.15 2021/22 (Est.) 17.52 20.68 14.62 2.55 3.75 filler filler filler filler filler 2022/23 (Proj.) Sep 13.83 17.59 12.60 2.30 2.70 2022/23 (Proj.) Oct 13.81 17.57 12.50 2.30 2.80 filler filler filler filler filler Foreign 4/ 2020/21 96.86 188.00 32.36 120.73 83.62 2021/22 (Est.) 98.02 181.63 28.31 114.82 81.51 filler filler filler filler filler 2022/23 (Proj.) Sep 104.61 185.65 31.98 116.33 82.05 2022/23 (Proj.) Oct 104.24 185.74 31.11 113.30 85.07 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal t o world minus United States. See global cotton tables for treatment of export/import imbalances. October 2022 WASDE - 629 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2020/21 607.47 719.57 191.90 508.24 115.68 2021/22 (Est.) 604.51 720.19 178.43 512.41 111.15 filler filler filler filler filler 2022/23 (Proj.) Sep 644.83 753.32 196.64 532.03 119.00 2022/23 (Proj.) Oct 646.59 757.74 197.15 534.66 120.56 filler filler filler filler filler Oilmeals 2020/21 348.38 368.55 97.01 344.51 18.22 2021/22 (Est.) 350.53 368.75 95.88 344.88 18.17 filler filler filler filler filler 2022/23 (Proj.) Sep 363.92 381.85 97.81 356.51 19.20 2022/23 (Proj.) Oct 365.95 384.12 97.71 357.71 20.08 filler filler filler filler filler Vegetable Oils 2020/21 206.48 236.08 85.40 204.84 27.89 2021/22 (Est.) 211.51 239.39 79.02 206.85 29.00 filler filler filler filler filler 2022/23 (Proj.) Sep 219.21 248.00 87.96 213.37 30.41 2022/23 (Proj.) Oct 219.82 248.82 87.89 213.61 30.70 filler filler filler filler filler United States Output Total Supply Trade Total Use 2 / Ending Stocks Oilseeds 2020/21 124.52 141.69 62.78 62.66 8.64 2021/22 (Est.) 131.35 141.16 59.71 63.88 9.12 filler filler filler filler filler 2022/23 (Proj.) Sep 128.51 137.99 57.66 64.96 7.10 2022/23 (Proj.) Oct 126.92 137.37 56.64 65.30 7.15 filler filler filler filler filler Oilmeals 2020/21 48.25 53.02 12.62 40.00 0.39 2021/22 (Est.) 49.28 53.20 12.54 40.23 0.43 filler filler filler filler filler 2022/23 (Proj.) Sep 50.02 54.43 12.66 41.27 0.50 2022/23 (Proj.) Oct 50.27 54.68 12.66 41.52 0.50 filler filler filler filler filler Vegetable Oils 2020/21 12.70 18.86 1.04 16.52 1.29 2021/22 (Est.) 13.07 19.67 1.04 17.34 1.29 filler filler filler filler filler 2022/23 (Proj.) Sep 13.30 20.09 0.87 18.03 1.19 2022/23 (Proj.) Oct 13.37 20.13 0.87 18.05 1.21 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2020/21 482.95 577.89 129.12 445.58 107.04 2021/22 (Est.) 473.16 579.03 118.72 448.53 102.03 filler filler filler filler filler 2022/23 (Proj.) Sep 516.32 615.33 138.98 467.07 111.90 2022/23 (Proj.) Oct 519.67 620.37 140.51 469.36 113.41 filler filler filler filler filler Oilmeals 2020/21 300.14 315.53 84.39 304.51 17.83 2021/22 (Est.) 301.25 315.55 83.34 304.65 17.74 filler filler filler filler filler 2022/23 (Proj.) Sep 313.90 327.43 85.15 315.24 18.71 2022/23 (Proj.) Oct 315.68 329.45 85.05 316.19 19.59 filler filler filler filler filler Vegetable Oils 2020/21 193.77 217.22 84.36 188.32 26.59 2021/22 (Est.) 198.44 219.72 77.98 189.52 27.70 filler filler filler filler filler 2022/23 (Proj.) Sep 205.91 227.90 87.09 195.35 29.22 2022/23 (Proj.) Oct 206.46 228.69 87.02 195.56 29.49 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. October 2022 WASDE - 629 - 11 U.S. Wheat Supply and Use 1/ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Sep Oct Million Acres Area Planted 44.5 46.7 47.0 45.7 Area Harvested 36.8 37.1 37.5 35.5 Bushels Yield per Harvested Acre 49.7 44.3 47.5 46.5 Million Bushels Beginning Stocks 1,028 845 660 669 Production 1,828 1,646 1,783 1,650 Imports 100 95 110 120 Supply, Total 2,956 2,587 2,553 2,439 Food 961 972 970 970 Seed 64 60 68 68 Feed and Residual 93 86 80 50 Domestic, Total 1,117 1,117 1,118 1,088 Exports 994 800 825 775 Use, Total 2,111 1,917 1,943 1,863 Ending Stocks 845 669 610 576 Avg. Farm Price ($/bu) 2/ 5.05 7.63 9.00 9.20 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2021/22 (Est.) Beginning Stocks 428 235 85 70 27 845 Production 750 297 361 201 38 1,646 Supply, Total 3/ 1,182 575 449 276 105 2,587 Domestic Use 505 226 243 77 67 1,117 Exports 317 209 112 148 14 800 Use, Total 822 435 355 224 81 1,917 Ending Stocks, Total 360 140 94 52 23 669 2022/23 (Proj.) Beginning Stocks 360 140 94 52 23 669 Production 531 446 337 272 64 1,650 Supply, Total 3/ 896 646 436 329 132 2,439 Domestic Use 423 291 210 86 78 1,088 Exports 220 225 135 170 25 775 Use, Total 643 516 345 256 103 1,863 Ending Stocks, Total Oct 253 130 91 73 29 576 Ending Stocks, Total Sep 256 127 125 75 27 610 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. October 2022 WASDE - 629 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Sep Oct Million Acres Area Planted 102.3 105.8 100.4 100.5 Area Harvested 90.6 94.4 89.5 89.6 Metric Tons Yield per Harvested Acre 4.11 4.21 4.08 4.06 Million Metric Tons Beginning Stocks 51.8 34.0 41.5 37.7 Production 372.6 397.5 364.8 363.8 Imports 2.2 2.3 2.4 3.0 Supply, Total 426.6 433.8 408.7 404.5 Feed and Residual 146.6 148.5 135.7 137.4 Food, Seed & Industrial 168.9 177.1 177.1 175.5 Domestic, Total 315.4 325.6 312.8 312.9 Exports 77.2 70.5 62.9 59.5 Use, Total 392.6 396.1 375.7 372.4 Ending Stocks 34.0 37.7 33.0 32.2 CORN 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. September October Million Acres Area Planted 90.7 93.3 88.6 88.6 Area Harvested 82.3 85.3 80.8 80.8 Bushels Yield per Harvested Acre 171.4 176.7 172.5 171.9 Million Bushels Beginning Stocks 1,919 1,235 1,525 1,377 Production 14,111 15,074 13,944 13,895 Imports 24 24 25 50 Supply, Total 16,055 16,333 15,494 15,322 Feed and Residual 5,602 5,715 5,225 5,275 Food, Seed & Industrial 2/ 6,472 6,769 6,775 6,725 Ethanol & by -products 3/ 5,033 5,328 5,325 5,275 Domestic, Total 12,074 12,484 12,000 12,000 Exports 2,747 2,471 2,275 2,150 Use, Total 14,821 14,956 14,275 14,150 Ending Stocks 1,235 1,377 1,219 1,172 Avg. Farm Price ($/bu) 4/ 4.53 6.00 6.75 6.80 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by- products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average pric e received by farmers. October 2022 WASDE - 629 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Sep Oct Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 5.9 7.3 6.4 6.4 Area Harvested (mil. acres) 5.1 6.5 5.5 5.5 Yield (bushels/acre) 73.2 69.0 46.0 44.6 Beginning Stocks 30 20 53 53 Production 373 448 252 245 Imports 0 0 0 0 Supply, Total 403 468 305 298 Feed and Residual 97 81 65 65 Food, Seed & Industrial 7 40 25 25 Total Domestic 104 121 90 90 Exports 279 294 195 185 Use, Total 383 415 285 275 Ending Stocks 20 53 20 23 Avg. Farm Price ($/bu) 2/ 5.04 5.94 6.65 6.65 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. September October Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.7 2.7 3.0 2.9 Area Harvested (mil. acres) 2.2 2.0 2.4 2.4 Yield (bushels/acre) 77.2 60.3 66.3 71.7 Beginning Stocks 80 71 42 42 Production 171 120 158 174 Imports 7 15 9 14 Supply, Total 258 206 209 230 Feed and Residual 26 20 10 30 Food, Seed & Industrial 147 137 145 130 Total Domestic 172 157 155 160 Exports 14 7 7 7 Use, Total 186 164 162 167 Ending Stocks 71 42 47 63 Avg. Farm Price ($/bu) 2/ 4.75 5.31 6.90 7.25 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. September October Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.0 2.6 2.4 2.6 Area Harvested (mil. acres) 1.0 0.7 0.8 0.9 Yield (bushels/acre) 65.1 61.3 66.1 64.8 Beginning Stocks 37 38 33 31 Production 66 40 53 58 Imports 85 81 90 85 Supply, Total 188 159 175 173 Feed and Residual 68 46 60 60 Food, Seed & Industrial 78 79 81 81 Total Domestic 147 125 141 141 Exports 3 3 2 2 Use, Total 150 128 143 143 Ending Stocks 38 31 32 30 Avg. Farm Price ($/bu) 2/ 2.77 4.55 5.80 5.70 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. October 2022 WASDE - 629 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Sep Oct Million Acres Area Planted 3.04 2.53 2.22 2.22 Area Harvested 2.99 2.49 2.18 2.18 Fil ler Pounds Yield per Harvested Acre 7,619 7,709 7,586 7,599 Million Hundredweight Beginning Stocks 2/ 28.7 43.7 39.7 39.7 Production 227.5 191.8 165.1 165.4 Imports 34.1 37.8 44.0 44.0 Supply, Total 290.2 273.2 248.9 249.2 Domestic & Residual 3/ 153.1 151.4 141.0 141.0 Exports, Total 4/ 93.5 82.2 77.0 75.0 Rough 34.6 28.3 29.0 27.0 Milled (rough equiv.) 58.9 53.9 48.0 48.0 Use, Total 246.6 233.5 218.0 216.0 Ending Stocks 43.7 39.7 30.9 33.2 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 14.40 15.70 19.40 19.40 Total LONG -GRAIN RICE 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. September October Harvested Acres (mil.) 2.30 1.94 Yield (pounds/acre) 7,422 7,471 Beginning Stocks 16.9 29.7 24.6 24.6 Imports 27.4 30.7 34.0 34.0 Production 170.8 144.6 132.3 132.5 Supply, Total 7/ 215.1 205.1 190.9 191.2 Domestic & Residual 3/ 120.3 119.8 112.0 112.0 Exports 8/ 65.0 60.6 58.0 56.0 Use, Total 185.3 180.4 170.0 168.0 Ending Stocks 29.7 24.6 20.9 23.2 Avg. Farm Price ($/cwt) 6/ 12.60 13.70 16.50 16.50 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. September October Harvested Acres (mil.) 0.69 0.55 Yield (pounds/acre) 8,282 8,543 Beginning Stocks 10.7 11.5 13.0 13.0 Imports 6.7 7.1 10.0 10.0 Production 56.7 47.2 32.8 32.9 Supply, Total 7/ 72.7 66.2 55.9 55.9 Domestic & Residual 3/ 32.8 31.6 29.0 29.0 Exports 8/ 28.5 21.5 19.0 19.0 Use, Total 61.2 53.1 48.0 48.0 Ending Stocks 11.5 13.0 7.9 7.9 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 20.10 22.00 27.90 27.90 California 10/ 22.60 25.70 33.00 33.00 Other States 1/ 13.00 14.10 17.00 17.00 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2017/18- 1.4; 2018/19- 2.1; 2019/ 20-1.0. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing- year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The California medium/short- grain season- average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the f inal price may differ. 10/ Marketing year beginning October 1. October 2022 WASDE - 629 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Sep Oct Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 83.4 87.2 87.5 87.5 Area Harvested 82.6 86.3 86.6 86.6 Fil ler Bushels Yield per Harvested Acre 51.0 51.7 50.5 49.8 Million Bushels Beginning Stocks 525 257 240 274 Production 4,216 4,465 4,378 4,313 Imports 20 16 15 15 Supply, Total 4,761 4,738 4,633 4,602 Crushings 2,141 2,204 2,225 2,235 Exports 2,266 2,158 2,085 2,045 Seed 101 102 102 102 Residual -4 2 21 20 Use, Total 4,504 4,465 4,433 4,402 Ending Stocks 257 274 200 200 Avg. Farm Price ($/bu) 2/ 10.80 13.30 14.35 14.00 Total SOYBEAN OIL 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. September October Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,853 2,131 2,151 2,051 Production 4/ 25,023 26,165 26,075 26,195 Imports 302 305 500 500 Supply, Total 27,177 28,601 28,726 28,746 Domestic Disappearance 23,314 24,775 25,500 25,500 Biofuel 3/ 8,920 10,200 11,800 11,800 Food, Feed & other Industrial 14,394 14,575 13,700 13,700 Exports 1,731 1,775 1,400 1,400 Use, Total 25,046 26,550 26,900 26,900 Ending stocks 2,131 2,051 1,826 1,846 Avg. Price (c/lb) 2/ 56.87 72.98 69.00 69.00 Total SOYBEAN MEAL 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. September October Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 341 341 400 400 Production 4/ 50,565 51,834 52,350 52,600 Imports 784 625 600 600 Supply, Total 51,691 52,800 53,350 53,600 Domestic Disappearance 37,674 38,800 39,200 39,450 Exports 13,675 13,600 13,700 13,700 Use, Total 51,350 52,400 52,900 53,150 Ending Stocks 341 400 450 450 Avg. Price ($/s.t.) 2/ 392.31 439.81 390.00 390.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects soybean oil used for biofuels as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,210 million bushels for 2021/22 and 2,235 million bushels for 2022/23. October 2022 WASDE - 629 - 16 U.S. Sugar Supply and Use 1/ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Sep Oct Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,618 1,705 1,753 1,773 Production 2/ 9,233 9,117 9,141 9,154 Beet Sugar 5,092 5,078 5,119 5,106 Cane Sugar 4,141 4,039 4,021 4,048 Florida 2,090 1,933 1,968 1,968 Louisiana 1,918 1,982 1,950 1,984 Texas 134 124 103 96 Imports 3,221 3,644 3,481 3,610 TRQ 3/ 1,749 1,579 1,562 1,691 Other Program 4/ 292 298 250 250 Non-program 1,180 1,767 1,669 1,669 Mexico 968 1,379 1,619 1,619 High -tier tariff/other 212 388 50 50 Total Supply 14,072 14,465 14,375 14,537 Exports 49 35 35 35 Deliveries 12,277 12,657 12,630 12,630 Food 12,161 12,550 12,525 12,525 Other 5/ 116 107 105 105 Miscellaneous 40 0 0 0 Total Use 12,367 12,692 12,665 12,665 Ending Stocks 1,705 1,773 1,710 1,872 Stocks to Use Ratio 13.8 14.0 13.5 14.8 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2021/22 and 2022/23 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2021/22, WTO raw sugar TRQ shortfall (77) and for 2022/23 (255). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE - reported deliveries: 2020/21 -- 298; estimated 2021/22 -- 314; projected 2022/23 -- 315 Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2021/22 Est. Sep 1,053 6,185 50 4,547 1,794 947 2021/22 Est. Oct 1,053 6,185 50 4,547 1,794 947 2022/23 Proj. Sep 947 6,000 50 4,547 1,503 947 2022/23 Proj. Oct 947 5,900 50 4,547 1,403 947 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2020/21 = 1,320; Estimated 2020/21 = 1,310; Projected 2022/23 = 1,317; Estimated Oct - Aug 2022 = 1,186, Oct - Aug 2021 = 1,205. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2021/22 (497 est =462 dom.+35 import); 2022/23 (497 proj = 462 dom.+35 imp ort). Statistical Adjustments: 2021/22 (0), 2022/23 (0). October 2022 WASDE - 629 - 17 U.S. Cotton Supply and Use 1/ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Sep Oct Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 12.09 11.22 13.79 13.79 Harvested 8.22 10.27 7.88 7.88 Fil ler Pounds Yield per Harvested Acre 853 819 843 842 Million 480 Pound Bales Beginning Stocks 7.25 3.15 3.75 3.75 Production 14.61 17.52 13.83 13.81 Imports 0.00 0.01 0.01 0.01 Supply, Total 21.86 20.68 17.59 17.57 Domestic Use 2.40 2.55 2.30 2.30 Exports, Total 16.35 14.62 12.60 12.50 Use, Total 18.75 17.17 14.90 14.80 Unaccounted 2/ -0.04 -0.24 -0.01 -0.03 Ending Stocks 3.15 3.75 2.70 2.80 Avg. Farm Price 3/ 66.3 91.4 96.0 90.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. October 2022 WASDE - 629 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 298.11 774.53 195.37 158.09 782.24 203.40 290.40 World Less China 148.09 640.28 184.75 118.09 632.24 202.64 146.28 United States 27.99 49.75 2.73 2.54 30.41 27.05 23.00 Total Foreign 270.12 724.78 192.64 155.56 751.83 176.36 267.40 Major Exporters 4/ 32.38 322.46 6.66 72.80 179.40 147.50 34.61 Argentina 2.36 17.64 0.01 0.05 6.35 11.53 2.12 Australia 2.68 31.92 0.20 4.50 8.00 23.85 2.96 Canada 5.50 35.44 0.55 4.15 9.10 26.43 5.95 European Union 5/ 13.11 126.69 5.38 42.50 104.75 29.74 10.69 Russia 7.23 85.35 0.40 19.00 42.50 39.10 11.38 Ukraine 1.50 25.42 0.13 2.60 8.70 16.85 1.51 Major Importers 6/ 193.65 200.40 125.06 57.78 323.70 12.62 182.78 Bangladesh 1.76 1.18 7.20 0.50 8.00 0.00 2.14 Brazil 1.99 6.25 6.40 0.40 11.80 0.93 1.91 China 150.02 134.25 10.62 40.00 150.00 0.76 144.12 Japan 1.10 1.00 5.49 0.65 6.25 0.30 1.04 N. Africa 7/ 14.36 15.81 28.50 1.75 46.72 0.80 11.14 Nigeria 0.30 0.06 6.59 0.05 5.55 0.60 0.79 Sel. Mideast 8/ 11.79 20.62 17.74 3.54 38.83 0.62 10.70 Southeast Asia 9/ 5.91 0.00 25.84 7.49 25.20 1.14 5.41 Selected Other India 24.70 107.86 0.02 6.50 102.22 2.56 27.80 Kazakhstan 0.66 14.26 1.00 1.45 6.25 8.19 1.48 United Kingdom 2.44 9.66 3.22 5.96 13.46 0.45 1.42 2021/22 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 290.40 779.76 197.90 161.00 794.15 202.78 276.01 World Less China 146.28 642.81 188.33 126.00 646.15 201.90 134.25 United States 23.00 44.80 2.59 2.33 30.40 21.78 18.21 Total Foreign 267.40 734.96 195.30 158.67 763.75 181.00 257.80 Major Exporters 4/ 34.61 327.60 5.85 78.73 186.03 142.50 39.53 Argentina 2.12 22.50 0.00 0.05 6.35 16.25 2.03 Australia 2.96 36.35 0.20 5.00 8.50 27.50 3.50 Canada 5.95 22.30 0.60 5.18 10.18 15.00 3.67 European Union 5/ 10.69 138.29 4.61 45.00 108.25 31.90 13.43 Russia 11.38 75.16 0.30 19.50 42.75 33.00 11.09 Ukraine 1.51 33.01 0.14 4.00 10.00 18.84 5.81 Major Importers 6/ 182.78 203.23 130.18 53.73 323.30 15.36 177.53 Bangladesh 2.14 1.13 6.34 0.60 8.30 0.00 1.31 Brazil 1.91 7.70 6.39 0.45 11.75 3.07 1.18 China 144.12 136.95 9.57 35.00 148.00 0.88 141.76 Japan 1.04 1.13 5.61 0.75 6.30 0.30 1.18 N. Africa 7/ 11.14 20.43 26.85 1.87 47.02 0.41 11.00 Nigeria 0.79 0.09 6.19 0.05 5.85 0.60 0.62 Sel. Mideast 8/ 10.70 16.50 22.90 3.88 38.78 0.75 10.57 Southeast Asia 9/ 5.41 0.00 26.49 7.50 25.30 1.28 5.32 Selected Other India 27.80 109.59 0.03 7.00 109.88 8.03 19.50 Kazakhstan 1.48 11.81 2.50 1.30 6.10 8.20 1.49 United Kingdom 1.42 13.99 2.63 7.40 15.40 0.83 1.81 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesi a, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yem en, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2022 WASDE - 629 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Sep 275.67 783.92 204.14 155.21 791.02 208.89 268.57 Oct 276.01 781.70 203.86 155.50 790.17 208.33 267.54 World Less China Sep 133.92 645.92 194.64 125.21 647.02 207.99 124.21 Oct 134.25 643.70 194.36 125.50 646.17 207.43 123.18 United States Sep 17.96 48.52 2.99 2.18 30.43 22.45 16.60 Oct 18.21 44.90 3.27 1.36 29.61 21.09 15.68 Total Foreign Sep 257.71 735.40 201.15 153.04 760.59 186.44 251.97 Oct 257.80 736.80 200.60 154.14 760.56 187.24 251.86 Major Exporters 4/ Sep 39.28 330.60 6.71 79.55 187.70 150.50 38.38 Oct 39.53 331.75 6.71 80.55 188.35 151.00 38.63 Argentina Sep 1.78 19.00 0.01 0.05 6.35 13.00 1.43 Oct 2.03 17.50 0.01 0.05 6.25 12.00 1.28 Australia Sep 3.50 33.00 0.20 5.00 8.55 25.00 3.15 Oct 3.50 33.00 0.20 5.00 8.55 25.00 3.15 Canada Sep 3.67 35.00 0.60 4.00 9.10 26.00 4.17 Oct 3.67 35.00 0.60 4.00 9.10 26.00 4.17 European Union 5/ Sep 13.43 132.10 5.50 44.00 108.00 33.50 9.53 Oct 13.43 134.75 5.50 45.00 108.75 35.00 9.93 Russia Sep 11.09 91.00 0.30 21.00 45.00 42.00 15.39 Oct 11.09 91.00 0.30 21.00 45.00 42.00 15.39 Ukraine Sep 5.81 20.50 0.10 5.50 10.70 11.00 4.71 Oct 5.81 20.50 0.10 5.50 10.70 11.00 4.71 Major Importers 6/ Sep 177.66 205.10 134.30 47.25 320.97 15.47 180.62 Oct 177.53 205.50 134.00 47.35 320.87 15.77 180.39 Bangladesh Sep 1.31 1.10 7.00 0.60 8.50 0.00 0.91 Oct 1.31 1.10 7.00 0.60 8.50 0.00 0.91 Brazil Sep 1.16 8.70 6.40 0.50 11.90 3.20 1.16 Oct 1.18 9.20 6.20 0.50 11.90 3.50 1.18 China Sep 141.76 138.00 9.50 30.00 144.00 0.90 144.36 Oct 141.76 138.00 9.50 30.00 144.00 0.90 144.36 Japan Sep 1.28 1.15 5.70 0.65 6.20 0.30 1.63 Oct 1.18 1.05 5.70 0.65 6.20 0.30 1.43 N. Africa 7/ Sep 11.00 17.60 30.20 1.77 47.52 0.50 10.78 Oct 11.00 17.60 30.20 1.77 47.52 0.50 10.78 Nigeria Sep 0.62 0.11 6.50 0.00 6.00 0.60 0.63 Oct 0.62 0.11 6.50 0.00 6.00 0.60 0.63 Sel. Mideast 8/ Sep 10.57 17.59 23.32 3.88 39.58 0.77 11.13 Oct 10.57 17.59 23.32 3.88 39.58 0.77 11.13 Southeast Asia 9/ Sep 5.37 0.00 26.23 6.70 25.20 1.15 5.25 Oct 5.32 0.00 26.13 6.80 25.10 1.15 5.20 Selected Other India Sep 19.50 103.00 0.03 6.50 104.50 6.50 11.53 Oct 19.50 103.00 0.03 6.50 104.50 6.50 11.53 Kazakhstan Sep 1.49 13.00 1.00 1.30 6.10 8.00 1.39 Oct 1.49 13.00 1.00 1.30 6.10 8.00 1.39 United Kingdom Sep 1.81 14.60 2.00 7.60 15.60 1.00 1.81 Oct 1.81 14.60 2.00 7.60 15.60 1.00 1.81 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesi a, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yem en, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2022 WASDE - 629 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 337.32 1,441.19 233.89 903.83 1,455.70 233.50 322.81 World Less China 136.37 1,172.11 183.36 682.88 1,142.59 233.49 115.36 United States 51.83 372.89 2.47 146.72 315.97 77.21 34.01 Total Foreign 285.49 1,068.30 231.41 757.11 1,139.73 156.29 288.80 Major Exporters 4/ 24.24 297.33 5.46 134.75 181.05 126.63 19.36 Argentina 4.57 60.01 0.02 11.29 17.02 45.52 2.06 Australia 3.01 18.56 0.00 6.21 8.08 10.50 2.98 Brazil 5.82 90.32 3.35 62.42 73.86 21.04 4.60 Canada 3.98 29.64 1.89 16.69 24.65 7.26 3.61 Russia 1.87 41.40 0.09 21.47 31.04 10.42 1.90 Ukraine 2.55 39.59 0.07 9.25 12.41 28.15 1.65 Major Importers 5/ 36.24 252.76 137.74 294.52 377.03 13.24 36.48 European Union 6/ 14.16 155.46 15.87 119.91 159.41 11.45 14.62 Japan 1.74 0.23 16.98 13.45 17.29 0.00 1.66 Mexico 4.14 32.66 17.15 30.34 49.84 0.51 3.60 N. Afr & Mideast 7/ 7.66 32.61 38.79 63.15 71.36 0.71 6.99 Saudi Arabia 1.72 0.19 10.03 10.25 10.61 0.00 1.33 Southeast Asia 8/ 3.82 31.30 22.65 43.43 51.72 0.57 5.49 South Korea 2.02 0.24 11.80 9.47 12.03 0.00 2.04 Selected Other China 200.96 269.08 50.53 220.95 313.11 0.01 207.46 2021/22 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 322.81 1,503.73 229.77 916.20 1,492.42 250.50 334.12 World Less China 115.36 1,222.88 188.64 688.87 1,172.90 250.45 124.26 United States 34.01 397.71 2.59 148.69 326.15 70.46 37.71 Total Foreign 288.80 1,106.02 227.18 767.51 1,166.27 180.04 296.41 Major Exporters 4/ 19.36 333.87 9.43 144.45 190.50 148.11 24.05 Argentina 2.06 61.16 0.01 11.97 17.69 43.25 2.28 Australia 2.98 18.76 0.00 5.40 7.28 11.03 3.43 Brazil 4.60 120.62 2.96 66.10 78.19 44.52 5.48 Canada 3.61 24.43 6.31 17.89 25.72 5.58 3.05 Russia 1.90 38.54 0.10 22.23 31.11 7.58 1.85 Ukraine 1.65 53.51 0.02 13.45 16.58 32.95 5.66 Major Importers 5/ 36.48 248.55 139.33 289.24 372.65 15.29 36.43 European Union 6/ 14.62 154.41 21.56 120.47 160.09 13.72 16.78 Japan 1.66 0.24 16.69 13.27 17.02 0.00 1.57 Mexico 3.60 32.77 18.51 31.05 50.77 0.25 3.87 N. Afr & Mideast 7/ 6.99 29.37 40.23 60.70 69.45 0.68 6.47 Saudi Arabia 1.33 0.20 8.51 8.25 8.61 0.00 1.43 Southeast Asia 8/ 5.49 31.25 17.55 41.73 50.13 0.64 3.53 South Korea 2.04 0.22 11.61 9.25 11.81 0.00 2.06 Selected Other China 207.46 280.85 41.13 227.33 319.53 0.05 209.86 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and ex ports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailan d, and Vietnam. October 2022 WASDE - 629 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Sep 338.68 1,463.62 219.57 905.66 1,472.61 226.35 329.68 Oct 334.12 1,459.80 220.33 904.20 1,466.91 225.86 327.01 World Less China Sep 127.82 1,181.32 183.72 675.61 1,151.36 226.30 121.98 Oct 124.26 1,177.50 184.68 674.35 1,145.86 225.81 120.30 United States Sep 41.49 365.09 2.64 135.89 313.31 62.93 32.98 Oct 37.71 364.11 3.30 137.59 313.42 59.50 32.20 Total Foreign Sep 297.19 1,098.53 216.93 769.77 1,159.30 163.42 296.71 Oct 296.41 1,095.68 217.04 766.61 1,153.48 166.36 294.82 Major Exporters 4/ Sep 24.18 340.64 3.50 148.58 195.33 138.94 34.05 Oct 24.05 340.46 3.50 146.29 193.14 141.74 33.13 Argentina Sep 2.42 64.91 0.01 11.96 17.77 47.20 2.37 Oct 2.28 64.71 0.01 11.96 17.77 47.00 2.23 Australia Sep 2.63 16.67 0.00 5.52 7.40 9.38 2.53 Oct 3.43 16.67 0.00 5.52 7.40 9.38 3.33 Brazil Sep 5.18 130.54 1.80 69.50 81.99 47.03 8.51 Oct 5.48 130.54 1.80 69.50 81.99 47.03 8.81 Canada Sep 3.13 29.70 1.54 16.80 24.29 6.65 3.44 Oct 3.05 29.72 1.54 16.81 24.40 6.55 3.36 Russia Sep 1.85 42.00 0.10 22.50 31.90 10.15 1.91 Oct 1.85 42.00 0.10 22.50 31.90 10.15 1.91 Ukraine Sep 6.66 38.96 0.00 14.92 18.05 14.83 12.74 Oct 5.66 38.96 0.00 12.62 15.75 17.93 10.94 Major Importers 5/ Sep 36.05 235.78 139.82 284.85 367.90 10.89 32.86 Oct 36.43 234.09 140.11 283.95 366.69 10.89 33.05 European Union 6/ Sep 16.48 139.41 20.22 113.69 153.07 9.27 13.77 Oct 16.78 137.81 21.32 113.69 152.77 9.27 13.86 Japan Sep 1.57 0.24 16.67 13.06 16.95 0.00 1.53 Oct 1.57 0.25 16.47 12.85 16.75 0.00 1.54 Mexico Sep 3.82 33.50 18.57 31.54 51.26 0.60 4.02 Oct 3.87 33.50 18.57 31.64 51.36 0.60 3.97 N. Afr & Mideast 7/ Sep 6.53 30.83 39.41 61.70 70.02 0.44 6.32 Oct 6.47 30.83 39.01 61.20 69.52 0.44 6.35 Saudi Arabia Sep 1.43 0.19 8.71 8.75 9.11 0.00 1.23 Oct 1.43 0.19 8.71 8.75 9.11 0.00 1.23 Southeast Asia 8/ Sep 3.53 31.31 20.16 42.45 51.00 0.58 3.40 Oct 3.53 31.21 19.86 42.05 50.60 0.58 3.40 South Korea Sep 2.06 0.22 11.60 9.24 11.80 0.00 2.09 Oct 2.06 0.22 11.60 9.24 11.80 0.00 2.09 Selected Other China Sep 210.86 282.30 35.85 230.05 321.25 0.05 207.71 Oct 209.86 282.30 35.65 229.85 321.05 0.05 206.71 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and ex ports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailan d, and Vietnam. October 2022 WASDE - 629 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 307.45 1,129.33 184.95 723.86 1,144.00 182.60 292.78 World Less China 106.93 868.66 155.44 520.86 859.00 182.60 87.08 United States 48.76 358.45 0.62 142.30 306.69 69.78 31.36 Total Foreign 258.70 770.88 184.34 581.56 837.32 112.83 261.42 Major Exporters 4/ 13.37 200.12 2.92 91.02 113.82 93.55 9.04 Argentina 3.62 52.00 0.01 9.50 13.50 40.94 1.18 Brazil 5.33 87.00 2.85 59.50 70.00 21.02 4.15 Russia 0.83 13.87 0.04 8.90 10.00 3.99 0.75 South Africa 2.12 16.95 0.01 7.22 13.22 3.73 2.12 Ukraine 1.48 30.30 0.02 5.90 7.10 23.86 0.83 Major Importers 5/ 20.81 132.60 92.89 164.27 219.53 4.79 21.98 Egypt 1.73 6.40 9.63 13.90 16.40 0.01 1.36 European Union 6/ 7.38 67.44 14.49 57.20 77.70 3.74 7.88 Japan 1.39 0.01 15.48 12.00 15.45 0.00 1.42 Mexico 3.52 27.35 16.50 25.60 43.80 0.48 3.08 Southeast Asia 7/ 3.81 31.25 20.69 41.65 49.70 0.57 5.48 South Korea 2.00 0.09 11.71 9.42 11.78 0.00 2.02 Selected Other Canada 2.56 13.56 1.58 8.59 13.98 1.56 2.17 China 200.53 260.67 29.51 203.00 285.00 0.00 205.70 2021/22 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2 / Exports Ending Stocks World 3/ 292.78 1,217.30 183.93 751.96 1,203.08 202.93 307.01 World Less China 87.08 944.75 161.93 542.96 912.08 202.91 97.77 United States 31.36 382.89 0.62 145.17 317.12 62.78 34.98 Total Foreign 261.42 834.41 183.32 606.78 885.96 140.16 272.03 Major Exporters 4/ 9.04 241.15 2.37 99.30 122.50 116.20 13.86 Argentina 1.18 51.50 0.01 9.80 13.70 37.50 1.49 Brazil 4.15 116.00 2.30 62.00 73.00 44.50 4.95 Russia 0.75 15.23 0.05 10.00 11.10 4.00 0.93 South Africa 2.12 16.30 0.00 7.30 13.30 3.20 1.92 Ukraine 0.83 42.13 0.02 10.20 11.40 27.00 4.57 Major Importers 5/ 21.98 136.54 94.52 168.50 223.85 6.88 22.30 Egypt 1.36 7.44 9.50 14.20 16.70 0.00 1.59 European Union 6/ 7.88 70.98 20.00 62.30 82.90 6.00 9.96 Japan 1.42 0.01 15.10 11.80 15.15 0.00 1.38 Mexico 3.08 26.75 17.50 25.80 44.00 0.25 3.08 Southeast Asia 7/ 5.48 31.20 16.32 40.70 48.85 0.63 3.52 South Korea 2.02 0.08 11.50 9.20 11.55 0.00 2.05 Selected Other Canada 2.17 13.98 6.06 12.50 17.90 2.19 2.12 China 205.70 272.55 22.00 209.00 291.00 0.02 209.24 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2022 WASDE - 629 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Sep 312.14 1,172.58 178.25 743.05 1,180.18 183.58 304.53 Oct 307.01 1,168.74 178.96 740.23 1,174.55 183.04 301.19 World Less China Sep 101.90 898.58 160.25 529.05 885.18 183.56 97.32 Oct 97.77 894.74 160.96 526.23 879.55 183.02 94.98 United States Sep 38.73 354.19 0.64 132.72 304.81 57.79 30.95 Oct 34.98 352.95 1.27 133.99 304.81 54.61 29.77 Total Foreign Sep 273.41 818.39 177.62 610.33 875.37 125.79 273.58 Oct 272.03 815.79 177.69 606.24 869.74 128.43 271.42 Major Exporters 4/ Sep 14.56 244.80 1.36 104.30 128.20 108.70 23.82 Oct 13.86 244.80 1.36 102.30 126.20 111.20 22.62 Argentina Sep 1.49 55.00 0.01 10.00 14.00 41.00 1.49 Oct 1.49 55.00 0.01 10.00 14.00 41.00 1.49 Brazil Sep 4.65 126.00 1.30 65.50 77.00 47.00 7.95 Oct 4.95 126.00 1.30 65.50 77.00 47.00 8.25 Russia Sep 0.93 15.00 0.05 10.00 11.20 4.00 0.78 Oct 0.93 15.00 0.05 10.00 11.20 4.00 0.78 South Africa Sep 1.92 17.30 0.00 7.30 13.30 3.70 2.22 Oct 1.92 17.30 0.00 7.30 13.30 3.70 2.22 Ukraine Sep 5.57 31.50 0.00 11.50 12.70 13.00 11.37 Oct 4.57 31.50 0.00 9.50 10.70 15.50 9.87 Major Importers 5/ Sep 21.90 125.27 95.30 163.30 218.75 3.89 19.83 Oct 22.30 122.57 95.90 161.80 216.95 3.89 19.94 Egypt Sep 1.59 7.44 9.20 13.90 16.40 0.01 1.83 Oct 1.59 7.44 9.20 13.90 16.40 0.01 1.83 European Union 6/ Sep 9.66 58.80 19.00 57.00 77.40 2.70 7.36 Oct 9.96 56.20 20.00 56.00 76.10 2.70 7.36 Japan Sep 1.38 0.01 15.20 11.70 15.20 0.00 1.39 Oct 1.38 0.01 15.00 11.50 15.00 0.00 1.39 Mexico Sep 3.08 27.60 17.70 26.30 44.50 0.60 3.28 Oct 3.08 27.60 17.70 26.30 44.50 0.60 3.28 Southeast Asia 7/ Sep 3.52 31.26 18.30 40.80 49.10 0.58 3.40 Oct 3.52 31.16 18.00 40.40 48.70 0.58 3.40 South Korea Sep 2.05 0.08 11.50 9.20 11.55 0.00 2.08 Oct 2.05 0.08 11.50 9.20 11.55 0.00 2.08 Selected Other Canada Sep 2.20 14.50 1.50 9.20 14.40 1.60 2.20 Oct 2.12 14.50 1.50 9.20 14.40 1.60 2.12 China Sep 210.24 274.00 18.00 214.00 295.00 0.02 207.22 Oct 209.24 274.00 18.00 214.00 295.00 0.02 206.22 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2022 WASDE - 629 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 182.25 509.26 46.45 503.35 50.92 188.15 World Less China 65.75 360.96 42.23 353.06 48.70 71.65 United States 0.91 7.22 1.08 4.86 2.97 1.39 Total Foreign 181.34 502.03 45.37 498.49 47.95 186.76 Major Exporters 4/ 41.22 191.63 2.01 149.42 38.31 47.13 Burma 1.01 12.60 0.00 10.50 1.90 1.21 India 33.90 124.37 0.00 101.07 20.20 37.00 Pakistan 1.15 8.42 0.01 3.70 3.88 2.00 Thailand 3.98 18.86 0.20 12.70 6.06 4.28 Vietnam 1.18 27.38 1.80 21.45 6.27 2.64 Major Importers 5/ 128.87 240.06 17.05 255.07 2.71 128.21 China 116.50 148.30 4.22 150.29 2.22 116.50 European Union 6/ 0.90 1.83 1.78 3.40 0.45 0.66 Indonesia 3.31 34.50 0.65 35.40 0.00 3.06 Nigeria 1.49 5.15 2.20 7.15 0.00 1.69 Philippines 3.60 12.42 2.20 14.45 0.00 3.76 Sel. Mideast 7/ 1.22 2.31 3.25 5.83 0.00 0.95 Selected Other Brazil 0.24 8.00 0.63 7.35 0.95 0.57 C. Amer & Carib 8/ 0.67 1.59 1.62 3.29 0.04 0.55 Egypt 1.23 4.00 0.22 4.30 0.01 1.15 Japan 1.98 7.57 0.65 8.15 0.11 1.94 Mexico 0.17 0.20 0.81 0.96 0.02 0.20 South Korea 1.14 3.51 0.43 4.00 0.05 1.02 2021/22 Est. Beginning Stocks Productio n Imports Total /2 Domestic Exports Ending Stocks World 3/ 188.15 515.31 54.17 519.21 55.47 184.25 World Less China 71.65 366.32 48.22 362.85 53.39 71.25 United States 1.39 6.09 1.20 4.81 2.61 1.26 Total Foreign 186.76 509.22 52.97 514.41 52.86 182.98 Major Exporters 4/ 47.13 198.69 1.61 159.24 43.20 44.99 Burma 1.21 12.35 0.00 10.40 2.30 0.87 India 37.00 130.29 0.00 110.79 21.50 35.00 Pakistan 2.00 9.10 0.01 3.75 4.90 2.45 Thailand 4.28 19.88 0.20 12.80 7.60 3.96 Vietnam 2.64 27.07 1.40 21.50 6.90 2.71 Major Importers 5/ 128.21 241.98 21.67 262.79 2.56 126.51 China 116.50 148.99 5.95 156.36 2.08 113.00 European Union 6/ 0.66 1.71 2.30 3.50 0.44 0.74 Indonesia 3.06 34.40 0.55 35.15 0.00 2.86 Nigeria 1.69 5.26 2.20 7.25 0.00 1.90 Philippines 3.76 12.54 3.60 15.40 0.00 4.50 Sel. Mideast 7/ 0.95 2.15 4.15 6.08 0.00 1.17 Selected Other Brazil 0.57 7.34 0.80 7.30 1.00 0.41 C. Amer & Carib 8/ 0.55 1.63 1.72 3.26 0.04 0.60 Egypt 1.15 2.90 0.65 4.05 0.01 0.65 Japan 1.94 7.67 0.69 8.20 0.12 1.97 Mexico 0.20 0.18 0.75 0.97 0.01 0.16 South Korea 1.02 3.88 0.44 3.95 0.06 1.34 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. October 2022 WASDE - 629 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Sep 184.89 507.99 52.15 519.32 53.61 173.56 Oct 184.25 505.04 51.45 518.09 53.22 171.20 World Less China Sep 71.89 360.99 46.65 363.22 51.41 66.36 Oct 71.25 358.04 46.45 363.09 51.02 63.40 United States Sep 1.26 5.24 1.40 4.48 2.45 0.98 Oct 1.26 5.25 1.40 4.48 2.38 1.05 Total Foreign Sep 183.63 502.75 50.75 514.84 51.17 172.58 Oct 182.98 499.79 50.05 513.61 50.84 170.15 Major Exporters 4/ Sep 46.08 194.60 0.91 158.35 42.10 41.14 Oct 44.99 191.40 0.91 157.95 41.50 37.85 Burma Sep 0.87 12.50 0.00 10.40 2.30 0.67 Oct 0.87 12.50 0.00 10.30 2.40 0.67 India Sep 36.50 126.50 0.00 109.25 20.00 33.75 Oct 35.00 124.00 0.00 109.25 19.00 30.75 Pakistan Sep 2.33 8.40 0.01 4.20 5.00 1.53 Oct 2.45 7.40 0.01 4.00 4.70 1.16 Thailand Sep 3.83 19.80 0.20 13.00 8.00 2.83 Oct 3.96 20.10 0.20 12.90 8.20 3.16 Vietnam Sep 2.56 27.40 0.70 21.50 6.80 2.36 Oct 2.71 27.40 0.70 21.50 7.20 2.11 Major Importers 5/ Sep 126.34 239.71 20.25 263.30 2.66 120.34 Oct 126.51 239.71 19.80 262.25 2.66 121.11 China Sep 113.00 147.00 5.50 156.10 2.20 107.20 Oct 113.00 147.00 5.00 155.00 2.20 107.80 European Union 6/ Sep 0.74 1.35 2.50 3.55 0.42 0.62 Oct 0.74 1.35 2.50 3.55 0.42 0.62 Indonesia Sep 2.86 34.60 0.55 35.00 0.00 3.01 Oct 2.86 34.60 0.55 35.00 0.00 3.01 Nigeria Sep 1.90 5.36 2.20 7.45 0.00 2.00 Oct 1.90 5.36 2.20 7.45 0.00 2.00 Philippines Sep 4.50 12.41 3.30 15.60 0.00 4.61 Oct 4.50 12.41 3.30 15.60 0.00 4.61 Sel. Mideast 7/ Sep 1.07 2.24 3.95 6.20 0.00 1.06 Oct 1.17 2.24 4.00 6.25 0.00 1.16 Selected Other Brazil Sep 0.51 7.10 0.85 7.30 0.70 0.46 Oct 0.41 7.30 0.85 7.25 0.90 0.41 C. Amer & Carib 8/ Sep 0.61 1.55 1.80 3.31 0.03 0.62 Oct 0.60 1.55 1.77 3.28 0.03 0.62 Egypt Sep 0.70 3.35 0.65 4.05 0.01 0.64 Oct 0.65 3.60 0.55 4.10 0.01 0.69 Japan Sep 1.91 7.55 0.69 8.15 0.12 1.87 Oct 1.97 7.45 0.69 8.20 0.12 1.79 Mexico Sep 0.15 0.19 0.80 0.98 0.01 0.15 Oct 0.16 0.19 0.80 0.98 0.01 0.15 South Korea Sep 1.34 3.75 0.43 3.95 0.06 1.51 Oct 1.34 3.75 0.43 3.95 0.06 1.51 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. October 2022 WASDE - 629 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2020/21 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 98.39 111.47 48.69 123.13 48.71 -0.06 86.77 World Less China 62.05 81.87 35.83 82.13 48.70 -0.06 48.98 United States 7.25 14.61 3/ 2.40 16.35 -0.04 3.15 Total Foreign 91.14 96.86 48.69 120.73 32.36 -0.02 83.62 Major Exporters 4/ 40.39 53.78 1.61 34.90 27.85 -0.08 33.11 Central Asia 5/ 3.96 5.45 0.03 4.11 2.03 0.00 3.29 Afr. Fr. Zone 6/ 2.50 4.84 3/ 0.10 5.49 0.00 1.74 S. Hemis. 7/ 17.64 15.55 0.14 4.04 13.59 -0.09 15.79 Australia 1.20 2.80 3/ 0.01 1.56 -0.10 2.52 Brazil 14.40 10.82 0.01 3.10 11.01 0.00 11.12 India 15.68 27.60 0.84 26.00 6.19 0.00 11.94 Major Importers 8/ 48.28 39.87 44.66 81.78 3.10 0.06 47.87 Mexico 0.71 1.02 0.93 1.70 0.49 0.02 0.45 China 36.34 29.60 12.86 41.00 0.01 0.00 37.79 European Union 9/ 0.66 1.69 0.56 0.59 1.96 0.00 0.37 Turkey 2.77 2.90 5.33 7.70 0.59 0.00 2.71 Pakistan 3.12 4.50 5.40 10.80 0.03 0.03 2.17 Indonesia 0.64 3/ 2.31 2.45 0.01 0.00 0.50 Thailand 0.10 3/ 0.60 0.61 0.00 0.01 0.08 Bangladesh 2.52 0.15 8.30 8.50 0.00 0.01 2.45 Vietnam 1.10 3/ 7.29 7.30 0.00 0.00 1.09 2021/22 Est. Beginning Stocks Productio n Imports Domestic Use Exports Loss /2 Ending Stocks World 86.77 115.54 42.88 117.37 42.94 -0.37 85.26 World Less China 48.98 88.74 35.04 82.37 42.82 -0.37 47.95 United States 3.15 17.52 0.01 2.55 14.62 -0.24 3.75 Total Foreign 83.62 98.02 42.88 114.82 28.31 -0.12 81.51 Major Exporters 4/ 33.11 55.17 1.79 34.11 24.11 -0.18 32.03 Central Asia 5/ 3.29 4.95 0.06 4.16 1.48 0.00 2.66 Afr. Fr. Zone 6/ 1.74 5.98 3/ 0.10 5.92 -0.01 1.71 S. Hemis. 7/ 15.79 19.33 0.16 4.23 12.60 -0.18 18.64 Australia 2.52 5.75 3/ 0.01 3.75 -0.19 4.70 Brazil 11.12 11.50 0.02 3.20 7.73 0.00 11.72 India 11.94 24.50 1.00 25.00 3.74 0.00 8.70 Major Importers 8/ 47.87 39.61 38.69 76.48 2.92 0.06 46.70 Mexico 0.45 1.22 0.96 1.85 0.40 0.01 0.37 China 37.79 26.80 7.84 35.00 0.12 0.00 37.31 European Union 9/ 0.37 1.63 0.64 0.62 1.76 0.00 0.25 Turkey 2.71 3.80 5.52 8.70 0.57 0.00 2.77 Pakistan 2.17 6.00 4.50 10.70 0.05 0.03 1.89 Indonesia 0.50 3/ 2.58 2.60 0.01 0.00 0.46 Thailand 0.08 3/ 0.75 0.73 0.00 0.01 0.10 Bangladesh 2.45 0.15 8.20 8.50 0.00 0.01 2.29 Vietnam 1.09 3/ 6.63 6.70 0.00 0.00 1.02 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. October 2022 WASDE - 629 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2022/23 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Sep 84.79 118.45 44.61 118.63 44.58 -0.11 84.75 Oct 85.26 118.05 43.62 115.60 43.61 -0.15 87.87 World Less China Sep 47.82 90.45 35.61 81.13 44.53 -0.11 48.33 Oct 47.95 90.05 34.92 79.10 43.56 -0.15 50.40 United States Sep 3.75 13.83 0.01 2.30 12.60 -0.01 2.70 Oct 3.75 13.81 0.01 2.30 12.50 -0.03 2.80 filler filler filler filler filler filler filler Total Foreign Sep 81.04 104.61 44.60 116.33 31.98 -0.10 82.05 Oct 81.51 104.24 43.62 113.30 31.11 -0.12 85.07 Major Exporters 4/ Sep 32.11 60.32 2.25 33.67 27.78 -0.17 33.40 Oct 32.03 60.25 2.25 32.66 27.00 -0.17 35.04 Central Asia 5/ Sep 2.65 5.00 0.08 3.77 1.44 0.00 2.51 Oct 2.66 5.00 0.08 3.77 1.47 0.00 2.50 Afr. Fr. Zone 6/ Sep 2.09 6.25 3/ 0.11 5.98 0.00 2.24 Oct 1.71 6.17 3/ 0.10 5.78 0.00 1.99 S. Hemis. 7/ Sep 18.41 21.03 0.15 4.18 16.16 -0.18 19.43 Oct 18.64 21.03 0.15 4.18 15.76 -0.18 20.07 Australia Sep 4.55 6.00 3/ 0.01 6.40 -0.19 4.33 Oct 4.70 6.00 3/ 0.01 6.20 -0.19 4.68 filler filler filler filler filler filler filler Brazil Sep 11.72 13.00 0.02 3.20 8.60 0.00 12.93 Oct 11.72 13.00 0.02 3.20 8.40 0.00 13.13 India Sep 8.64 27.50 1.50 25.00 3.70 0.00 8.94 Oct 8.70 27.50 1.50 24.00 3.50 0.00 10.20 Major Importers 8/ Sep 46.19 41.04 39.98 78.53 2.79 0.07 45.82 Oct 46.70 40.74 39.15 76.60 2.70 0.06 47.24 Mexico Sep 0.35 1.40 1.10 1.90 0.50 0.03 0.42 Oct 0.37 1.40 1.00 1.80 0.50 0.01 0.46 China Sep 36.97 28.00 9.00 37.50 0.05 0.00 36.42 Oct 37.31 28.00 8.70 36.50 0.05 0.00 37.46 European Union 9/ Sep 0.20 1.58 0.59 0.61 1.56 0.00 0.20 Oct 0.25 1.58 0.56 0.58 1.46 0.00 0.34 Turkey Sep 2.77 4.40 4.80 8.50 0.65 0.00 2.82 Oct 2.77 4.40 4.70 8.30 0.65 0.00 2.92 Pakistan Sep 1.79 5.50 5.00 10.50 0.03 0.03 1.74 Oct 1.89 5.20 4.80 10.00 0.03 0.03 1.84 Indonesia Sep 0.46 3/ 2.50 2.50 0.01 0.00 0.46 Oct 0.46 3/ 2.50 2.50 0.01 0.00 0.46 Thailand Sep 0.10 3/ 0.70 0.70 0.00 0.01 0.09 Oct 0.10 3/ 0.70 0.70 0.00 0.01 0.09 Bangladesh Sep 2.29 0.16 8.40 8.50 0.00 0.01 2.34 Oct 2.29 0.16 8.40 8.50 0.00 0.01 2.34 Vietnam Sep 1.02 3/ 6.90 6.80 0.00 0.00 1.13 Oct 1.02 3/ 6.80 6.70 0.00 0.00 1.13 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. October 2022 WASDE - 629 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 94.73 368.44 165.49 315.43 363.76 164.86 100.05 World Less China 70.12 348.84 65.73 222.43 251.02 164.79 68.88 United States 14.28 114.75 0.54 58.26 60.91 61.67 6.99 Total Foreign 80.46 253.70 164.95 257.18 302.86 103.20 93.05 Major Exporters 3/ 47.41 197.31 5.86 90.21 100.84 94.81 54.93 Argentina 26.65 46.20 4.82 40.16 47.41 5.20 25.06 Brazil 20.42 139.50 1.02 46.68 49.88 81.65 29.40 Paraguay 0.33 9.90 0.02 3.30 3.47 6.33 0.45 Major Importers 4/ 27.98 23.25 133.41 122.10 149.80 0.27 34.57 China 24.61 19.60 99.76 93.00 112.74 0.07 31.16 European Union 1.72 2.60 14.79 15.80 17.36 0.19 1.56 Southeast Asia 0.98 0.59 9.68 4.74 10.04 0.01 1.20 Mexico 0.37 0.25 6.10 6.20 6.25 0.00 0.46 2021/22 Est. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 100.05 355.69 154.41 314.69 363.58 154.18 92.38 World Less China 68.88 339.29 64.41 227.69 256.86 154.08 61.63 United States 6.99 121.53 0.43 59.98 62.78 58.72 7.45 Total Foreign 93.05 234.16 153.97 254.72 300.80 95.46 84.93 Major Exporters 3/ 54.93 178.27 4.46 93.03 103.56 87.65 46.45 Argentina 25.06 44.00 3.85 39.75 46.96 2.80 23.15 Brazil 29.40 127.00 0.55 51.00 54.25 79.55 23.16 Paraguay 0.45 4.20 0.05 2.20 2.28 2.30 0.13 Major Importers 4/ 34.57 20.16 121.38 115.25 142.78 0.38 32.95 China 31.16 16.40 90.00 87.00 106.72 0.10 30.74 European Union 1.56 2.71 13.60 15.10 16.67 0.27 0.93 Southeast Asia 1.20 0.53 8.68 4.45 9.58 0.01 0.81 Mexico 0.46 0.29 5.80 6.20 6.25 0.00 0.30 2022/23 Proj. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ Sep 89.70 389.77 165.02 327.07 377.68 167.88 98.92 Oct 92.38 390.99 166.23 329.44 380.24 168.84 100.52 World Less China Sep 58.96 371.37 68.02 232.07 262.09 167.78 68.47 Oct 61.63 372.59 68.23 233.44 263.65 168.74 70.06 United States Sep 6.53 119.16 0.41 60.56 63.91 56.74 5.44 Oct 7.45 117.38 0.41 60.83 64.15 55.66 5.44 Total Foreign Sep 83.17 270.61 164.61 266.52 313.77 111.14 93.48 Oct 84.93 273.61 165.82 268.61 316.09 113.19 95.08 Major Exporters 3/ Sep 45.15 212.50 5.57 94.83 105.59 102.63 55.00 Oct 46.45 215.50 5.57 95.78 106.79 104.68 56.05 Argentina Sep 22.55 51.00 4.80 41.00 48.25 4.70 25.40 Oct 23.15 51.00 4.80 40.50 47.75 7.00 24.20 Brazil Sep 22.46 149.00 0.75 50.50 53.85 89.00 29.36 Oct 23.16 152.00 0.75 51.50 55.10 89.50 31.31 Paraguay Sep 0.13 10.00 0.01 3.25 3.41 6.50 0.23 Oct 0.13 10.00 0.01 3.70 3.86 5.75 0.53 Major Importers 4/ Sep 33.00 22.02 131.33 124.10 152.75 0.33 33.27 Oct 32.95 21.92 132.33 125.10 153.73 0.33 33.14 China Sep 30.74 18.40 97.00 95.00 115.59 0.10 30.46 Oct 30.74 18.40 98.00 96.00 116.59 0.10 30.46 European Union Sep 0.93 2.60 14.80 15.20 16.78 0.22 1.33 Oct 0.93 2.50 14.80 15.20 16.78 0.22 1.23 Southeast Asia Sep 0.86 0.50 9.88 4.85 10.22 0.02 1.00 Oct 0.81 0.50 9.88 4.85 10.20 0.02 0.97 Mexico Sep 0.30 0.29 6.35 6.55 6.60 0.00 0.34 Oct 0.30 0.29 6.35 6.55 6.60 0.00 0.34 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and impo rts. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to rounding. October 2022 WASDE - 629 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 15.37 247.81 63.86 243.76 68.97 14.30 World Less China 15.37 174.16 63.79 171.09 67.92 14.30 United States 0.31 45.87 0.71 34.18 12.41 0.31 Total Foreign 15.06 201.94 63.15 209.59 56.57 13.99 Major Exporters 3/ 6.76 75.10 0.26 28.58 46.93 6.61 Argentina 2.57 31.32 0.00 3.28 28.33 2.29 Brazil 3.77 36.18 0.02 19.25 16.58 4.15 India 0.42 7.60 0.24 6.05 2.03 0.18 Major Importers 4/ 2.63 22.86 37.25 59.63 1.12 2.00 European Union 0.79 12.48 16.51 28.39 0.85 0.55 Mexico 0.18 4.90 1.85 6.73 0.01 0.20 Southeast Asia 5/ 1.48 3.69 17.05 20.86 0.27 1.10 China 0.00 73.66 0.07 72.68 1.05 0.00 2021/22 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 14.30 246.97 64.15 242.43 68.77 14.22 World Less China 14.30 178.07 64.09 173.97 68.27 14.22 United States 0.31 47.02 0.57 35.20 12.34 0.36 Total Foreign 13.99 199.95 63.58 207.24 56.43 13.86 Major Exporters 3/ 6.61 78.14 0.68 29.90 48.05 7.48 Argentina 2.29 31.01 0.12 3.33 27.00 3.09 Brazil 4.15 39.53 0.02 19.80 20.25 3.64 India 0.18 7.60 0.55 6.78 0.80 0.75 Major Importers 4/ 2.00 22.19 37.73 59.25 1.09 1.57 European Union 0.55 11.93 16.80 28.04 0.75 0.48 Mexico 0.20 4.90 1.83 6.78 0.01 0.14 Southeast Asia 5/ 1.10 3.47 17.30 20.73 0.33 0.81 China 0.00 68.90 0.06 68.46 0.50 0.00 2022/23 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Sep 13.97 256.67 65.34 251.30 69.98 14.70 Oct 14.22 258.59 65.08 252.56 69.93 15.39 World Less China Sep 13.97 181.43 65.29 177.01 68.98 14.70 Oct 14.22 182.55 65.03 177.48 68.93 15.39 United States Sep 0.36 47.49 0.54 35.56 12.43 0.41 Oct 0.36 47.72 0.54 35.79 12.43 0.41 Total Foreign Sep 13.61 209.18 64.80 215.74 57.55 14.29 Oct 13.86 210.87 64.53 216.77 57.50 14.98 Major Exporters 3/ Sep 7.31 79.11 0.12 30.56 48.50 7.49 Oct 7.48 79.50 0.12 30.76 48.30 8.04 Argentina Sep 2.47 31.98 0.00 3.40 28.50 2.55 Oct 3.09 31.59 0.00 3.40 28.20 3.08 Brazil Sep 4.16 39.13 0.02 20.15 18.80 4.36 Oct 3.64 39.91 0.02 20.35 18.90 4.32 India Sep 0.68 8.00 0.10 7.01 1.20 0.57 Oct 0.75 8.00 0.10 7.01 1.20 0.65 Major Importers 4/ Sep 1.67 22.86 38.30 60.00 1.06 1.76 Oct 1.57 22.86 38.28 59.83 1.07 1.81 European Union Sep 0.48 12.01 16.80 28.09 0.75 0.45 Oct 0.48 12.01 16.80 27.94 0.75 0.60 Mexico Sep 0.14 5.18 1.88 6.98 0.01 0.21 Oct 0.14 5.18 1.85 6.95 0.01 0.21 Southeast Asia 5/ Sep 0.90 3.79 17.80 21.23 0.31 0.96 Oct 0.81 3.79 17.80 21.23 0.31 0.86 China Sep 0.00 75.24 0.05 74.29 1.00 0.00 Oct 0.00 76.03 0.05 75.08 1.00 0.00 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. October 2022 WASDE - 629 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 5.37 59.23 11.68 58.43 12.61 5.25 World Less China 4.60 42.56 10.45 40.83 12.57 4.21 United States 0.84 11.35 0.14 10.58 0.79 0.97 Total Foreign 4.53 47.88 11.55 47.86 11.82 4.28 Major Exporters 3/ 1.54 20.54 0.75 12.51 9.02 1.30 Argentina 0.55 7.93 0.00 2.04 6.14 0.30 Brazil 0.48 8.99 0.25 7.98 1.26 0.47 European Union 0.44 3.00 0.49 2.43 1.06 0.44 Major Importers 4/ 1.59 19.87 6.75 26.37 0.21 1.63 China 0.78 16.67 1.23 17.60 0.04 1.03 India 0.14 1.71 3.25 4.95 0.01 0.13 North Africa 5/ 0.43 0.99 1.61 2.61 0.13 0.29 2021/22 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 5.25 59.38 11.44 59.23 12.37 4.46 World Less China 4.21 43.79 11.04 42.58 12.26 4.20 United States 0.97 11.87 0.14 11.24 0.81 0.93 Total Foreign 4.28 47.51 11.30 47.99 11.57 3.53 Major Exporters 3/ 1.30 20.95 0.60 12.57 8.84 1.44 Argentina 0.30 7.85 0.08 2.66 5.00 0.57 Brazil 0.47 9.82 0.04 7.55 2.40 0.38 European Union 0.44 2.87 0.48 2.31 1.03 0.46 Major Importers 4/ 1.63 18.98 6.58 26.25 0.26 0.69 China 1.03 15.59 0.40 16.65 0.11 0.26 India 0.13 1.71 4.10 5.83 0.02 0.10 North Africa 5/ 0.29 1.18 1.44 2.55 0.12 0.24 2022/23 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Sep 4.60 61.44 11.99 60.19 12.97 4.87 Oct 4.46 61.90 11.89 60.48 12.90 4.88 World Less China Sep 4.34 44.42 10.99 42.59 12.88 4.27 Oct 4.20 44.70 10.89 42.68 12.81 4.30 United States Sep 0.98 11.83 0.23 11.57 0.64 0.83 Oct 0.93 11.88 0.23 11.57 0.64 0.84 Total Foreign Sep 3.62 49.62 11.76 48.63 12.34 4.04 Oct 3.53 50.02 11.66 48.92 12.26 4.04 Major Exporters 3/ Sep 1.52 21.33 0.60 12.39 9.55 1.52 Oct 1.44 21.51 0.60 12.57 9.48 1.52 Argentina Sep 0.57 8.10 0.00 2.38 5.80 0.49 Oct 0.57 8.00 0.00 2.38 5.70 0.49 Brazil Sep 0.46 9.73 0.10 7.65 2.13 0.51 Oct 0.38 9.92 0.10 7.83 2.10 0.47 European Union Sep 0.46 2.89 0.50 2.31 1.08 0.47 Oct 0.46 2.89 0.50 2.31 1.08 0.47 Major Importers 4/ Sep 0.72 20.48 7.01 26.89 0.21 1.12 Oct 0.69 20.67 6.89 26.94 0.21 1.09 China Sep 0.26 17.02 1.00 17.60 0.09 0.60 Oct 0.26 17.20 1.00 17.80 0.09 0.58 India Sep 0.15 1.80 3.70 5.47 0.02 0.17 Oct 0.10 1.80 3.55 5.30 0.02 0.14 North Africa 5/ Sep 0.22 1.13 1.61 2.59 0.11 0.26 Oct 0.24 1.13 1.59 2.59 0.11 0.27 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, Bangladesh, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. October 2022 WASDE - 629 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2021 IV 7,106 7,185 14,341 11,193 1,366 12,689 27,030 2,371 55.4 Annual 27,948 27,675 55,815 44,899 5,558 50,995 106,810 9,238 226.3 2022 I 7,022 6,904 13,972 11,170 1,374 12,678 26,650 2,295 56.3 II 7,069 6,639 13,755 11,279 1,275 12,698 26,453 2,207 57.8 III 7,150 6,530 13,726 11,900 1,265 13,310 27,036 2,235 56.5 IV* 6,895 7,075 14,019 11,550 1,290 12,965 26,984 2,305 56.3 Annual Sep Proj. 28,006 27,133 55,327 45,474 5,214 51,231 106,557 9,092 226.5 Oct Proj. 28,136 27,148 55,471 45,899 5,204 51,651 107,122 9,042 226.9 2023 I* 6,705 6,980 13,730 11,400 1,365 12,895 26,625 2,325 57.1 II* 6,575 6,505 13,125 11,525 1,400 13,060 26,185 2,370 58.4 III* 6,545 6,615 13,205 12,000 1,420 13,560 26,765 2,405 56.9 Annual Sep Proj. 26,335 27,520 54,038 45,900 5,630 52,050 106,088 9,545 228.8 Oct Proj. 26,365 27,345 53,893 46,625 5,610 52,765 106,658 9,560 229.2 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2021 IV 132.36 56.36 110.9 133.4 131.8 20.67 Annual 122.40 67.29 101.2 122.8 118.5 18.53 2022 I 139.25 65.55 135.1 131.4 170.8 24.93 II 141.93 75.58 167.5 143.9 251.6 27.10 III 143.42 80.20 136.1 165.4 295.6 24.65 IV* 148.00 63.00 127.0 171.0 250.0 25.75 Annual Sep Proj. 142.8 71.3 143.4 151.3 222.9 25.45 Oct Proj. 143.15 71.08 141.4 152.9 242.0 25.60 2023 I* 151.00 63.00 130.0 155.0 190.0 23.80 II* 152.00 71.00 133.0 155.0 160.0 22.90 III* 151.00 69.00 130.0 147.0 160.0 21.85 Annual Sep Proj. 154 70 140 148 153 22.70 Oct Proj. 154 67 131 151 170 22.90 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. October 2022 WASDE - 629 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2021 716 28,016 3,346 32,078 3,441 676 27,962 58.9 2022 Proj. Sep 676 28,074 3,414 32,163 3,561 735 27,867 58.6 Oct 676 28,204 3,389 32,268 3,571 730 27,967 58.8 2023 Proj. Sep 735 26,403 3,200 30,338 3,020 640 26,678 55.8 Oct 730 26,433 3,350 30,513 3,070 640 26,803 56.1 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2021 467 27,690 1,180 29,337 7,026 446 21,865 51.1 2022 Proj. Sep 446 27,147 1,497 29,090 6,494 575 22,021 51.3 Oct 446 27,162 1,477 29,085 6,389 550 22,146 51.6 2023 Proj. Sep 575 27,535 1,525 29,635 6,515 610 22,510 52.2 Oct 550 27,360 1,505 29,415 6,280 570 22,565 52.4 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2021 1,217 55,906 4,890 62,014 10,470 1,147 50,397 111.5 2022 Proj. Sep 1,147 55,418 5,273 61,838 10,060 1,336 50,443 111.3 Oct 1,147 55,563 5,232 61,942 9,965 1,307 50,671 111.8 2023 Proj. Sep 1,336 54,130 5,090 60,556 9,539 1,277 49,740 109.5 Oct 1,307 53,985 5,220 60,511 9,354 1,237 49,921 109.9 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2021 830 44,419 155 45,403 7,355 705 37,343 96.6 2022 Proj. Sep 705 44,987 180 45,872 7,168 800 37,904 97.7 Oct 705 45,408 188 46,301 7,168 820 38,312 98.8 2023 Proj. Sep 800 45,409 152 46,361 7,370 770 38,221 98.2 Oct 820 46,126 170 47,116 7,370 790 38,956 100.1 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2021 223 5,558 22 5,804 548 166 5,090 15.3 2022 Proj. Sep 166 5,214 65 5,445 406 165 4,874 14.6 Oct 166 5,204 82 5,452 404 165 4,883 14.7 2023 Proj. Sep 165 5,630 34 5,829 410 170 5,249 15.7 Oct 165 5,610 85 5,860 415 170 5,275 15.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2021 1,057 50,514 180 51,751 7,947 874 42,930 113.4 2022 Proj. Sep 874 50,744 250 51,868 7,607 969 43,293 113.9 Oct 874 51,159 276 52,310 7,606 989 43,715 115.0 2023 Proj. Sep 969 51,558 189 52,717 7,816 944 43,957 115.3 Oct 989 52,266 259 53,514 7,813 964 44,737 117.4 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2021 2,274 106,420 5,070 113,765 18,418 2,021 93,327 224.9 2022 Proj. Sep 2,021 106,162 5,523 113,707 17,666 2,305 93,735 225.2 Oct 2,021 106,722 5,508 114,251 17,570 2,296 94,386 226.8 2023 Proj. Sep 2,305 105,688 5,279 113,272 17,355 2,221 93,696 224.9 Oct 2,296 106,250 5,479 114,025 17,167 2,201 94,657 227.3 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. October 2022 WASDE - 629 - 33 U.S. Egg Supply and Use Commodity 2020 2021 2022 Proj. 2022 Proj. 2023 Proj. 2023 Proj. Sep Oct Sep Oct Eggs Million Dozen Supply Beginning Stocks 31.6 24.5 19.1 19.1 19.0 19.0 Production 9,291.8 9,237.8 9,091.7 9,041.7 9,545.0 9,560.0 Imports 15.5 18.2 22.0 24.0 18.5 19.5 Total Supply 9,338.9 9,280.5 9,132.8 9,084.8 9,582.5 9,598.5 Use Exports 344.0 392.2 217.8 222.8 265.0 270.0 Hatching Use 1,078.5 1,103.9 1,125.5 1,125.6 1,140.0 1,160.0 Ending Stocks 24.5 19.1 19.0 19.0 21.0 21.0 Disappearance Total 7,891.8 7,765.3 7,770.5 7,717.4 8,156.5 8,147.5 Per Capita (number) 285.5 280.5 279.9 278.0 292.7 292.4 Total U.S. Milk Supply and Use Commodity 2020 2021 2022 Proj. 2022 Proj. 2023 Proj. 2023 Proj. Sep Oct Sep Oct Milk Billion Pounds Production 223.3 226.3 226.5 226.9 228.8 229.2 Farm Use 1.1 1.0 1.1 1.1 1.1 1.1 Fat Basis Supply Beginning Stocks 13.6 15.6 14.3 14.3 13.3 14.3 Marketings 222.2 225.2 225.4 225.8 227.7 228.2 Imports 6.8 6.5 7.1 7.2 7.0 7.2 Total Supply 242.6 247.4 246.8 247.3 248.1 249.6 Fat Basis Use Exports 9.3 11.5 13.2 13.5 12.4 12.6 Ending Stocks 15.6 14.3 13.3 14.3 14.5 15.8 Domestic Use 217.8 221.5 220.3 219.5 221.2 221.2 Skim -solid Basis Supply Beginning Stocks 10.2 10.9 11.1 11.1 11.5 12.0 Marketings 222.2 225.2 225.4 225.8 227.7 228.2 Imports 5.6 5.8 6.2 6.5 6.1 6.1 Total Supply 238.0 241.9 242.6 243.4 245.3 246.2 Skim -solid Basis Use Exports 47.2 50.8 52.1 52.2 51.8 52.2 Ending Stocks 10.9 11.1 11.5 12.0 12.1 12.4 Domestic Use 179.9 180.0 179.0 179.2 181.4 181.6 Total Dairy domestic use for 2020 includes additional milk marketed but not processed. Note: Totals may not add due to rounding. October 2022 WASDE - 629 - 34 U.S. Dairy Prices Commodity 2020 2021 2022 Proj. 2022 Proj. 2023 Proj. 2023 Proj. Sep Oct Sep Oct Product Prices 1/ Dollars Per Pound Cheese 1.9236 1.6755 2.075 2.105 1.970 1.985 Butter 1.5808 1.7325 2.850 2.880 2.385 2.440 Nonfat Dry Milk 1.0417 1.2693 1.690 1.690 1.505 1.495 Dry Whey 0.3621 0.5744 0.610 0.605 0.485 0.485 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 18.16 17.08 21.65 21.90 19.70 19.80 Class IV 13.49 16.09 24.45 24.60 20.85 21.00 All Milk 3/ 18.13 18.53 25.45 25.60 22.70 22.90 All prices are January -December averages. 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation. October 2022 WASDE - 629 - 35 Reliability of October Projections 1/ Note: Tables on pages 35 -37 present a record of the October projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below t he final estimate by more than 1.6 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 2.7 percent. The average difference between the October projection and the final estimate is 7 million tons, ranging from 0.1 mi llion to 26.7 million tons. The October projection has been below the estimate 29 times and above 11 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 1.6 2.7 7.0 0.1 26.7 29 11 U.S. 0.6 0.9 0.2 0.0 1.2 12 17 Foreign 1.8 3.1 6.9 0.1 26.8 29 11 Exports World 5.6 9.4 6.1 0.0 19.3 31 8 U.S. 8.2 13.9 2.2 0.3 10.0 18 22 Foreign 6.6 11.2 5.7 0.5 17.3 33 7 Domestic Use World 1.6 2.7 7.1 0.5 29.9 23 17 U.S. 6.0 10.1 1.6 0.1 3.6 10 30 Foreign 1.6 2.7 7.1 0.2 29.9 24 16 Ending Stocks World 7.9 13.3 10.2 0.6 32.5 30 10 U.S. 11.4 19.3 2.1 0.0 6.8 24 16 Foreign 8.3 14.1 8.8 0.0 29.3 30 10 COARSE GRAINS 2/ Production World 1.9 3.2 15.9 0.8 51.9 31 9 U.S. 2.7 4.5 4.8 0.1 17.9 23 17 Foreign 2.5 4.2 15.1 0.6 61.4 32 8 Exports World 7.0 12.0 7.1 0.1 28.9 28 12 U.S. 15.4 26.1 6.8 0.7 19.3 18 22 Foreign 12.6 21.5 7.4 0.6 21.4 26 14 Domestic Use World 1.5 2.6 12.0 0.2 42.4 26 14 U.S. 3.6 6.0 5.6 0.0 17.0 20 20 Foreign 1.7 3.0 10.8 0.0 42.1 27 13 Ending Stocks World 13.3 22.6 18.0 0.2 170.0 31 9 U.S. 24.8 42.0 9.0 0.5 29.1 22 18 Foreign 16.3 27.6 15.7 0.7 153.5 34 6 RICE, milled Production World 2.2 3.8 6.2 0.0 20.9 31 8 U.S. 3.2 5.4 0.1 0.0 0.5 23 17 Foreign 2.2 3.8 6.2 0.1 21.0 31 9 Exports World 9.2 15.7 1.9 0.1 6.3 29 11 U.S. 10.1 17.2 0.2 0.0 0.8 19 19 Foreign 10.5 17.9 1.9 0.0 6.3 29 11 Domestic Use World 1.8 3.0 4.3 0.3 20.3 31 9 U.S. 7.7 13.1 0.2 0.0 0.6 21 18 Foreign 1.8 3.1 4.3 0.1 20.7 31 9 Ending Stocks World 11.1 18.8 5.7 0.2 26.6 32 8 U.S. 23.3 39.6 0.2 0.0 0.8 21 18 Foreign 11.6 19.7 5.8 0.1 26.6 33 7 1/ Footnotes at end of table. CONTINUED October 2022 WASDE - 629 - 36 Reliability of October Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 4.5 7.6 7.1 0.1 31.9 19 21 U.S. 2.8 4.7 1.5 0.0 4.0 17 23 Foreign 7.2 12.2 6.9 0.0 31.5 18 22 Exports World 7.7 13.1 4.4 0.3 19.7 24 16 U.S. 11.1 18.9 2.7 0.1 8.6 25 15 Foreign 17.8 30.2 3.7 0.1 21.2 18 22 Domestic Use World 3.1 5.2 4.6 0.0 14.3 22 18 U.S. 3.7 6.3 1.4 0.0 4.5 25 14 Foreign 3.8 6.4 4.3 0.1 14.7 24 16 Ending Stocks World 17.1 29.0 5.2 0.3 18.6 23 17 U.S. 43.6 74.0 2.2 0.0 6.6 8 32 Foreign 18.7 31.8 4.7 0.3 19.9 21 19 COTTON Million 480 -Pound Bales Production World 4.4 7.5 3.0 0.0 10.9 20 19 U.S. 5.4 9.1 0.7 0.0 2.4 22 18 Foreign 5.0 8.5 2.6 0.0 10.5 19 20 Exports World 7.8 13.2 2.1 0.1 8.5 23 17 U.S. 17.2 29.2 1.1 0.1 3.1 23 17 Foreign 10.4 17.6 1.6 0.1 8.3 20 20 Domestic Use World 4.9 8.3 3.5 0.1 19.5 18 22 U.S. 9.9 16.8 0.4 0.0 1.2 19 20 Foreign 4.9 8.3 3.4 0.0 18.6 18 22 Ending Stocks World 13.2 22.3 5.2 0.0 15.8 23 16 U.S. 37.4 63.4 1.2 0.0 4.3 12 27 Foreign 14.1 23.9 4.8 0.2 15.6 27 13 1/ Marketing years 1981/82 through 2021/22 for grains, soybeans (U.S. only), and cotton. There was no WASDE published in October 2013, due to a partial government shutdown, so no 2013/14 forecasts in that month were published for grains, soybeans, and cotton, and no 2013 forecast was published in that month for animal products. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2020/21, and for 2021/22 the last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. October 2022 WASDE - 629 - 37 Reliability of United States October Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 2.8 4.7 187 5 618 22 18 Exports 15.9 27.0 244 12 700 18 22 Domestic Use 3.8 6.5 220 5 600 22 18 Ending Stocks 27.5 46.6 336 18 1,187 22 18 SORGHUM Production 4.7 8.1 18 0 71 22 17 Exports 24.9 42.2 39 1 130 22 18 Domestic Use 20.4 34.6 37 0 125 18 21 Ending Stocks 51.7 87.7 28 0 142 14 25 BARLEY Production 1.4 2.4 3 0 24 9 16 Exports 53.3 90.5 11 0 38 17 18 Domestic Use 8.0 13.7 18 0 70 14 25 Ending Stocks 15.3 26.0 14 1 56 24 16 OATS Production 2.4 4.1 2 0 18 6 12 Exports 88.3 149.8 1 0 8 11 12 Domestic Use 5.3 9.1 11 0 39 14 25 Ending Stocks 22.6 38.4 14 0 47 27 12 SOYBEAN MEAL Thousand Short Tons Production 3.5 6.0 1,062 84 2,815 27 13 Exports 11.3 19.2 734 0 2,200 23 16 Domestic Use 3.4 5.9 783 45 2,650 23 17 Ending Stocks 31.4 53.3 48 0 198 16 15 SOYBEAN OIL Million Pounds Production 3.7 6.3 507 1 1,473 29 11 Exports 30.7 52.1 405 25 1,525 23 17 Domestic Use 3.8 6.5 460 20 1,928 26 14 Ending Stocks 25.7 43.6 389 35 1,327 21 19 ANIMAL PROD. Million Pounds Beef 3.8 6.5 775 18 2,461 25 14 Pork 3.1 5.3 415 2 1,592 19 20 Broilers 1.8 3.0 410 23 1,337 24 15 Turkeys 3.9 6.6 151 2 481 19 20 Million Dozen Eggs 1.9 3.2 109 4 468 24 15 Billion Pounds Milk 1.5 2.6 2.0 0.2 6.8 20 19 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2021/22 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate followin g the marketing year for 1981/82 through 2021/22. Calendar years 1982 through 2021 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2021. There was no WASDE published in October 2013, due to a partial government shutdown, so no 2013/14 forecasts in that month were published for grains, soybeans, and cotton, and no 2013 forecast was published in that month for animal products. WASDE -629-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. I PAD is located at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 USDA’s 2023 Agricultural Outlook Forum will be held in person at the Crystal City Gateway Marriot in Arlington, Virginia , and all Forum sessions will be livestreamed. Registration for the 2023 Forum will open by the end of October. For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ Click to receive WASDE -related notifications b y email Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at mirva [email protected] World Agricultural Supply and Demand Estimates WASDE -629 – October 12, 2022 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program informati on (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554-9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 547 Approved by the World Agricultural Outlook Board November 10, 2015 WHEAT: Projected U.S. exports for 2015/16 are lowered 50 million bushels to 800 million, and ending stocks are raised by an equal amount to 911 million. Exports would be the lowest since 1971/72; ending stocks are the highest since 2009/10. Wheat exports are lowered on a very slow pace to date and continued lack of U.S. pric e competitiveness. The projected range for the 2015/16 U.S. season-average farm price is narro wed 5 cents on both the high and low ends to $4.80 to $5.20 per bushel. Global wheat supplies for 2015/16 are lowered 0.2 million tons on decreased beginning stocks partially offset by a small production increase. A 2.0-million-ton increas e for EU production is partially offset by a 1.0-million-ton reduction for Australia and a 0.5-million-ton decrease for Russia. The EU and Russia changes stem from har vest reports to date. The Australia change reflects very hot and dry October conditions affe cting grain fill and lowering yield potential. The global wheat crop is now projected at 733.0 million tons, a third consecutive record. Foreign wheat exports for 2015/16 are raised 1.2 m illion tons led by a 1.0-million-ton increase for Canada on pace to date. Exports are also ra ised 0.5 million tons each for Brazil and EU on increased supplies of feed wheat and a larger crop, respectively. Australia exports are lowered 1.0 million tons on a smaller crop. Total world exports are down 0.2 million tons due to a 1.4-million-ton reduction for the United States. Se veral mostly offsetting changes are made to importing countries. Total world usage is up 1.0 million tons, led by China. Ending stocks are lowered 1.2 million tons to 227.3 million, but remain record large. COARSE GRAINS: Projected 2015/16 U.S. feed grain s upplies are raised this month on higher forecast production for corn and sorghum. Corn production is forecast 99 million bushels higher with the national average yield raised 1.3 bushel s per acre to 169.3 bushels, just 1.7 bushels below last year’s record. Projected domesti c corn use for 2015/16 is lowered 50 million bushels as a 25-million-bushel increase in expected feed and residual use, with the larger crop and lower expected prices, is more than offset by a 75- million-bushel reduction in corn used to produce ethanol. The reduced outlook for corn use for ethanol is driven by significant adjustments to the 2015/16 sorghum balance sheet this month. U. S. sorghum exports for 2015/16 are projected 105 million bushels lower. Declining premiums fo r sorghum offered by exporters and large price discounts for sorghum relative to corn in interi or cash markets drive expectations for higher use in ethanol production and higher feed and residual use. Total U.S. corn use for 2015/16 is projected 100 million bushels lower with exports lowered 50 million bushels. U.S. corn export sales and shipments lag well behind last year at this time and U.S. supplies remain uncompetitive in many fore ign markets as corn from Brazil continues to undercut U.S. offerings. U.S. corn ending stocks for 2015/16 are projected 199 million bushels higher at 1,760 million. End-of-year stocks ar e projected 29 million bushels higher than those reported for 2014/15. The 2015/16 season-aver age corn price received by producers is projected 15 cents lower on both ends th is month to $3.35 to $3.95 per bushel. WASDE-547-2 This month’s sharp rise in 2015/16 global coarse grain supplies is driven mostly by downward revisions to China corn feeding for 2013/14 th rough 2015/16. China corn beginning stocks are raised 18.8 million tons for 2015/16 reflecting the impact of lower estimated feed use for the preceding marketing years. Partly offsetting t he increase in China is a 7.0-million-ton reduction for 2015/16 Brazil corn beginning stocks. Braz il corn feeding is raised for 2006/07 through 2011/12. (Balance sheet revisions for China and Brazil with a comparison to the October estimates and projections will be available at http://www.usda.gov/oce/commodity/wasde/historical.htm following today’s WASDE release.) Global coarse grain production for 2015/16 is raised 2.3 million tons with the largest increase for U.S. corn. Corn production is also increased fo r Argentina and Brazil, but lowered for Ukraine, South Africa, India, and EU. Global sorghum produc tion is lowered slightly with a reduction for Mexico more than offsetting the U.S. increase. Higher EU barley production is mostly offset by a reduction for Russia. EU oats and rye production are each raised slightly, but India millet is lowered. Global 2015/16 coarse grain consumption is lo wered 10.0 million tons mostly reflecting reductions in China corn and sorghum feeding. Co rn consumption is also lowered for EU with reductions in food, seed, and industrial (FSI) us e and feed and residual use, with the latter driven by higher expected wheat feeding. China FSI use is raised on prospects for more corn processing. Global coarse grain trade for 2015/ 16 is lowered with corn and sorghum exports both reduced. Corn exports are lowered for Ukra ine and India, but raised for Argentina. Brazil corn exports are raised for 2014/15, also affecti ng U.S. 2015/16 marketing y ear export prospects. Lower world sorghum exports for 2015/16 reflect this month’s change for the United States. Sorghum imports are lowered for China with onl y a small and partly offsetting increase made for Mexico. Global coarse grain ending stocks for 2015/16 are ra ised 24.3 million tons with nearly all of the increase for China corn. More than half of the world’s 2015/16 corn ending stocks are expected to be held in China. Corn ending stocks outside Ch ina are projected 0.3 m illion tons higher this month. Higher U.S. and EU corn ending stocks ar e offset by reductions for Brazil and Indonesia. RICE: U.S. all rice production in 2015/16 is forecast at 190.8 million cwt, up 3.0 million from last month, with the increase entirely due to a higher yi eld. The average all rice yield is forecast at 7,423 pounds per acre, up 116 pounds from last month. Yields are raised for all states except for Texas and Arkansas. Yields are lowered for Texas and unchanged for Arkansas. The California all rice yield is raised 600 pounds per acre to 8,600 pounds. Long-grain and combined medium- and short-grain rice production ar e both raised from last month, with long-grain production projected at 132.4 million cwt and combined medi um- and short-grain production at 58.4 million. The all rice import forecast is unchanged at 25.5 m illion cwt. All rice domestic and residual use is raised 2.0 million cwt to 127.0 million cwt, 1.0 million each in long-grain and medium- and short- grain rice. All rice exports are raised 1.0 milli on cwt to 98.0 million cwt with the increase in long- grain. Long-grain exports are pr ojected at 65.0 million, and medi um- and short-grain exports at 33.0 million. All rice ending stocks are projec ted at 39.8 million cwt, unchanged from last month with long-grain stocks at 21.8 million, and medium- and short-grain at 16.1 million. The 2015/16 long-grain season-aver age farm price range is projec ted at $11.50 to $12.50 per cwt, down $1.30 per cwt on both ends from last mont h. The medium- and short-grain farm price range is projected at $17.60 to $18.60 per cwt, up 30 cents per cwt on each end of the range. The California medium- and short-gr ain rice price at a midpoint of $21.50 per cwt is up $0.50 per cwt from last month. The Other States medium- and short-grain rice price at a midpoint of $13.00 WASDE-547-3 per cwt is lowered $1.00 per cwt. The all rice s eason-average farm price is forecast at $13.30 to $14.30 per cwt, down $0.90 per cwt on each end of the range. Lower-than-expected prices published by the National Agricultural Statisti cs Service (NASS) for August and September, along with price expectations the remainder of the ma rketing year, support the downward adjustment in rice prices from a month ago. Global 2015/16 ending stocks are raised 2.7 million t ons or 3 percent due mostly to an increase in beginning stocks and a decrease in consumption. Beginning stocks for 2015/16 are raised 1.9 million tons due mostly to downward adjustment s in 2014/15 consumption for China and India, that consequently raised 2014/15 ending stocks. Consumption changes in recent years for China and India are based on reports received from the Agricultural Counselor’s offices in each country. In China, consumption is lowe red for both 2014/15 and 2015/16 due to higher prices, inconsistent quality of state rice reserves , and changing consumption patterns. In India, consumption is lowered and ending stocks are raised to better reflect government of India reports on the stocks situation. Global production for 2015/16 is lowered 0.5 million tons to 473.5 million, primarily due to smaller crops forecast for Bangladesh, Cambodia, and the Philippines, partially offset by increases for Sri Lanka, South Korea, and the United States. World consumption is projected at 486.2 million tons, down 1.3 million from last month, but still a record. Consumption is lowered for Cambodia, China, India, and Vietnam. Trade for 2015/16 is lowered slightly due mostly to smaller exports by Cambodia, and smaller imports by Sri Lanka and Vietnam. Global ending stocks are forecast at 91.0 million tons, up 2.7 million from last month, but a decrease of 12.7 million tons from the preceding year, and the lowest stocks since 2007/08. The 2015/16 stocks-to-use ratio at 18.7 percent is the lowest since 2006/07. OILSEEDS: U.S. oilseed production for 2015/16 is forecast at 117.7 million tons, up 2.5 million from the previous estimate on increased soybean production. Soybean production is forecast at a record 3,981 million bushels, up 93.6 million on higher yields. The soybean yield is forecast at 48.3 bushels per acre, up 1.1 bushels mainly on gains for Iowa, Illinois, and Minnesota. Soybean supplies are projected up 2 perc ent from the October forecas t. Soybean crush is raised 10 million bushels to 1,890 million on higher meal exports. Soybean exports are also raised with additional supplies. Ending stocks are raised 40 million bushels to 465 million. If realized, ending stocks would be the highest since 2006/07. Soybean oil balance sheet changes for 2015/16 include increased beginning stocks and production, reduced imports and domestic di sappearance, and increased exports and ending stocks. Higher beginning stocks reflect final soybean oil stocks for 2014/15 as reported in the November 2015 NASS Oilseed Crushings report. Domestic disappearance for 2015/16 is reduced in line with lower domestic use estimated for 2014/15. Soybean oil ending stocks for 2015/16 are projected at 2,295 million pounds, up 265 million from last month’s forecast. Soybean and soybean meal prices for 2015/16 are reduced this month. The U.S. season- average soybean price range is pr ojected at $8.15 to $9.65 per bushel, down 25 cents on both ends of the range. Soybean meal prices are projected at $300 to $340 per short ton, down $10.00 on both ends. Soybean oil prices are pr ojected at and 27.5 to 30.5 cents per pound, unchanged from last month. Global oilseed production for 2015/16 is projected at 531.0 million tons , down slightly from last month. Lower sunflowerseed, and cottonseed pr oduction account for most of the change with nearly offsetting increases pr ojected for soybeans and rapeseed. Global soybean production is projected at 321.0 million tons, up 0.5 million, with the larger U.S. crop only partly offset by reductions for India, South Africa, and Uruguay. The India soybean crop is reduced 1.5 million tons to 9.5 million on lower projected yields. Inconsistent rainfall dur ing the growing season and late-season heat results in below-average yields for the third consecutive year. Global rapeseed WASDE-547-4 production is raised to 67.1 million tons. Increas ed production projected for Canada is only partly offset by reductions for Australia, Pakistan, and Russia. Global sunflowerseed production is reduced 0.8 million tons to 39.7 million on lower forecasts for Argentina, Pakistan, and EU. Other changes include reduced cottonseed production for seve ral countries including Pakistan, China, and EU. Global oilseed trade for 2015/16 is projected at 147.0 million tons, up 2.6 million from last month. With higher soybean imports projected for China, exports are raised for the United States, Brazil, and Argentina. Canada rapeseed exports are also raised with increased China imports. Global oilseed ending stocks are projected at 94.1 million tons, down 2.2 million from last month. Soybean stocks account for most of the change wi th reductions for Argentina, Brazil, South Africa, India, and Canada only partly offset by an increase for the United States. SUGAR: U.S. 2015/16 total sugar supply is incr eased 119,127 short tons, raw value (STRV) from last month to 13.975 million. Beginning stocks are increased by 69,127 STRV. Louisiana 2015/16 cane sugar production is increased 50,000 STRV, due to im proved sugarcane yield as indicated in NASS’s November 2015 Crop Production . There are no changes to other sources of supply or to total use. Ending stocks for 2015/ 16 are projected at 1.855 million STRV, implying an ending stocks-to-use ratio of 15.3 percent. For 2014/15, complete-year Sweetener Market Data (SMD) indicates increased total producti on of 60,798 STRV; increased exports of 4,875; and increased deliveries of 12,219. Imports for 2014/15 are increased 25,423 STRV, based on USDA and U.S. Census Bureau estimates. Ending stocks for 2013/14 are estimated at 1.767 million STRV, and the 2013/14 stock-to-use ratio is 14.4 percent. Mexico 2015/16 total sugar supply is increased 104, 933 metric tons (MT) with a beginning stocks increase of 48,908 combined with an increase in production of 56,025. These changes were made after a review and adoption of new sweet ener supply projections made by Mexico’s Comité Nacional Para El Desarrollo Sustentable de la Caña de Azúcar (Conadesuca). Conadesuca estimates beginning stocks at 810,709 MT and proj ects production at 6.056 million MT based on mill surveys. Conadesuca projects 2015/16 sw eetener deliveries for human consumption at 5.885 million MT. Sugar deliveries are projec ted at 4.388 million MT (20,221 less than their 2014/15 estimate of 4.408 million) and high fructose corn syrup deliveries are projected at 1.497 million MT, dry weight (up 53,231 over their 2014/15 estimate of 1.444 million). These use projections are adopted, but export projections for 2015/16 are unchanged. The 2015/16 ending stocks are projected at 981,975 MT, implying an ending stocks-to-consumption ratio of 22.4 percent. LIVESTOCK, POULTRY, AND DAIRY: The total meat production forecasts for 2015 and 2016 are little changed from last month due to largely of fsetting changes in red meat and poultry. Beef production for 2015 and 2016 is lowered on slower expec ted marketings from feedlots into early 2016. However, the slower pace of slaughter is partly offset by higher expected carcass weights. Pork production is lowered for 2015 on a slower ex pected pace of slaughter and slightly lighter carcass weights during the fourth quarter. The forecast for 2016 is unchanged. However, broiler production is forecast higher for both 2015 and 2016. September production was higher than expected, and hatchery data points to higher produc tion into early 2016. Turkey production in September was also higher than expected, which boosted 2015 production, although no change was made to the forecast quarters. Egg production for 2015 is adjusted based on lower September hatching egg production, but production forecasts into 2016 are unchanged. Beef imports for 2015 are reduced to reflect the pace of trade to date; the forecast for 2016 is unchanged. Beef exports for 2015 are lowered as demand remains relatively weak; no change is made to 2016. Pork import and export foreca sts are unchanged, but small adjustments are WASDE-547-5 made to third-quarter 2015 to reflect September trade data. Broiler exports for 2015 and 2016 are reduced from last month as the pace of ex port recovery has been slower than expected. Cattle and hog prices for 2015 and 2016 are unchanged from last month. Broiler prices are lowered for both 2015 and 2016 as large broiler m eat supplies are expected to continue to pressure markets. Turkey prices are unc hanged for 2015 on current price strength, but the forecast for 2016 is reduced slightly. Egg prices are lowered into first-half 2016, reflecting recent price movements. The milk production forecasts for 2015 and 2016 are r educed from last month as the dairy herd is expected to decline more rapidly from its sec ond-quarter peak and growth in milk per cow in 2015 remains slower than expected. Imports ar e reduced on both a fat and skim-solids basis for both years as imports of milk protein concentrate s and casein are expected to be lower. Exports are reduced for 2015 on weaker butter, cheese and whey sales. Largely uncompetitive prices are likely to limit growth in export sales of butter and to a lesser extent, cheese in 2016, and fat-based exports are reduced. Strong domestic demand for butter is expected to s upport relatively high butter prices during the remainder of 2015, but supplies are expected to be large, and the price forecast for 2016 is lowered. Cheese prices are lo wered for 2015 and 2016 as supplies remain large. The nonfat dry milk (NDM) price is reduced for 2015 and 2016 as prices move closer to international levels. Whey prices are unchanged from last month. Class III prices are lowered for 2015 and 2016 reflecting the lower 2015 cheese price forecasts. Class IV prices are raised for 2015 due to the stronger forecast butter price which more than of fsets the lower NDM price. However, the 2016 price is lowered as cheese and NDM forecasts are reduced. The all milk pr ice is raised to $17.00 to $17.10 per cwt for 2015 and lowered to $15.95 to $16.85 per cwt for 2016. COTTON: The 2015/16 U.S. cotton balance sheet shows marginally lower production relative to last month, with ending stocks unchanged. Pr oduction is reduced 57,000 bales, as decreases for the Southeast and Delta are mostly offset by an increase for the Southwest. Domestic mill use and exports are unchanged. The forecast range of 55 to 63 cents per pound for the marketing year average price received by produc ers is narrowed 1 cent on both ends, with the mid-point unchanged from last month at 59 cents. This month’s 2015/16 world supply and demand estimates include lower production, consumption, and ending stocks. Forecast production is reduced for India, Pakistan, China, Greece, Mali, and Mexico, based on current indicati ons of northern hemisphere harvest results. With consumption reduced mainly for China and Pakistan, total world consumption is now projected to grow a modest 1.1 percent this season. World endi ng stocks are projected at 106.1 million bales, nearly 6 million bales below the beginning level. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Seth D. Meyer, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: ROBERT C. JOHANSSON SECRETARY OF AGRICULTURE DESIGNATE WASDE-547-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers, ICEC Chair, WAOB, E-mail : [email protected] Gary Vocke, ERS; Teresa McKeivier, FAS; Tom Tice, FSA. Rice: Andrew C. Aaronson, ICEC Chair, WAOB, E-mail : [email protected] Nathan Childs, ERS; Yoonhee Macke, FAS; Mark Simone, FSA. Feed Grains: Jerry Norton, IC EC Chair, WAOB, E-mail : [email protected] Thomas Capehart, ERS; Richard O’M eara, FAS; Pete Riley, FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail : [email protected] Mark Ash, ERS; Bill George , FAS; Phil Sronce, FSA. Cotton: Carol Skelly, ICEC Chair, WAOB, E-mail : [email protected] Darryl Earnest, AMS; Leslie Meyer, ERS; Ja mes Johnson, FAS; Tiffany Arthur, FSA. Sugar: Stephen Haley, ICEC Chair, WAOB, E-mail : [email protected] Michael McConnell, ERS; Ron Lord, FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Sherry Wise, AMS; Kenneth Mathews, ERS; Cla ire Mezoughem, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Larry Haller, AMS; David Harvey, ERS; Clair e Mezoughem, FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Uthra Raghunathan, AMS; Jerry Cessna, ERS; P aul Kiendl, FAS; Milton Madison, FSA. In 2015, the WASDE report will be released on Dec. 9. In 2016, The WASDE report will be released on Jan. 12, Feb. 9, Mar. 9, Apr. 12, May. 10, Jun. 10, Jul. 12, Aug. 12, Sep. 12, Oct. 12, Nov. 9, Dec. 9. WASDE-547-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................... 1 Interagency Commodity Estimates Committees ..................................................... 6 World & U.S. Supply & Use for Grains ................................................................... 8 World & U.S. Supply & Use for Cotton ................................................................... 9 World & U.S. Supply & Use for Oilseeds ............................................................. 10 U.S. Wheat Supply & Use .................................................................................... 11 U.S. Wheat Supply & Use by Class ..................................................................... 11 U.S. Feed Grain & Corn Supply & Use ................................................................ 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13 U.S. Rice Supply & Use ....................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................ 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ............................................................................. 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use ................................................................................. 18 World Coarse Grains Supply & Use ..................................................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use..................................................................................... 24 World Cotton Supply & Use ................................................................................. 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ..................................................................... 29 World Soybean Oil Supply & Use ........................................................................ 30 U.S. Quarterly Animal Product Production ........................................................... 31 U.S. Quarterly Prices for Animal Products ........................................................... 31 U.S. Meats Supply and Use ................................................................................. 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use .................................................................................... 33 U.S. Dairy Prices ................................................................................................. 34 Reliability Tables ................................................................................................. 35 Related USDA Reports ........................................................................................ 38 Metric Conversion Factors ................................................................................... 38 Electronic Access and Subscriptions ....................................................................... 40 November 2015 WASDE - 547 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World OutputTotal SupplyTrade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2013/14 2474.61 2926.19 372.10 2414.06 512.12 2014/15 (Est.) 2500.43 3012.56 387.03 2453.99 558.56 filler filler filler filler filler 2015/16 (Proj.) Oct 2474.05 3019.15 367.84 2479.47 539.68 2015/16 (Proj.) Nov 2476.04 3034.61 362.37 2469.12 565.48 filler filler filler filler filler Wheat 2013/14 715.11 892.27 165.91 698.65 193.62 2014/15 (Est.) 725.12 918.74 164.22 707.05 211.69 filler filler filler filler filler 2015/16 (Proj.) Oct 732.79 944.90 160.58 716.41 228.49 2015/16 (Proj.) Nov 732.98 944.68 160.41 717.37 227.30 filler filler filler filler filler Coarse Grains 5/ 2013/14 1281.06 1444.77 164.45 1233.85 210.91 2014/15 (Est.) 1297.03 1507.94 179.99 1264.81 243.14 filler filler filler filler filler 2015/16 (Proj.) Oct 1267.25 1498.44 165.79 1275.55 222.90 2015/16 (Proj.) Nov 1269.56 1512.70 160.63 1265.53 247.17 filler filler filler filler filler Rice, milled 2013/14 478.44 589.15 41.74 481.56 107.59 2014/15 (Est.) 478.29 585.88 42.81 482.14 103.74 filler filler filler filler filler 2015/16 (Proj.) Oct 474.02 575.81 41.47 487.52 88.29 2015/16 (Proj.) Nov 473.50 577.23 41.33 486.22 91.02 filler filler filler filler filler United States OutputTotal Supply Trade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2013/14 431.31 484.21 89.49 343.31 51.40 2014/15 (Est.) 439.45 499.12 83.13 346.99 69.00 filler filler filler filler filler 2015/16 (Proj.) Oct 426.94 503.21 84.49 350.32 68.40 2015/16 (Proj.) Nov 430.05 506.29 79.16 351.91 75.23 filler filler filler filler filler Wheat 2013/14 58.11 82.35 32.00 34.29 16.07 2014/15 (Est.) 55.15 75.28 23.25 31.53 20.50 filler filler filler filler filler 2015/16 (Proj.) Oct 55.84 79.74 23.13 33.18 23.43 2015/16 (Proj.) Nov 55.84 79.74 21.77 33.18 24.79 filler filler filler filler filler Coarse Grains 5/ 2013/14 367.09 393.85 54.49 305.05 34.31 2014/15 (Est.) 377.23 414.96 56.67 311.34 46.95 filler filler filler filler filler 2015/16 (Proj.) Oct 365.14 415.14 58.28 313.16 43.70 2015/16 (Proj.) Nov 368.16 418.13 54.27 314.69 49.17 filler filler filler filler filler Rice, milled 2013/14 6.12 8.01 3.01 3.98 1.03 2014/15 (Est.) 7.07 8.88 3.21 4.12 1.55 filler filler filler filler filler 2015/16 (Proj.) Oct 5.96 8.32 3.08 3.98 1.26 2015/16 (Proj.) Nov 6.06 8.42 3.11 4.04 1.26 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is e qual to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley , oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). November 2015 WASDE - 547 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ OutputTotal Supply Trade 2 /Total UseEnding Stocks Total Grains 4/ 2013/14 2,043.30 2,441.98 282.61 2,070.75 460.72 2014/15 (Est.) 2,060.99 2,513.44 303.90 2,107.00 489.56 filler filler filler filler filler 2015/16 (Proj.) Oct 2,047.12 2,515.94 283.35 2,129.15 471.28 2015/16 (Proj.) Nov 2,045.99 2,528.31 283.21 2,117.22 490.25 filler filler filler filler filler Wheat 2013/14 657.00 809.91 133.91 664.37 177.55 2014/15 (Est.) 669.98 843.46 140.97 675.52 191.19 filler filler filler filler filler 2015/16 (Proj.) Oct 676.95 865.15 137.44 683.23 205.06 2015/16 (Proj.) Nov 677.14 864.93 138.64 684.20 202.51 filler filler filler filler filler Coarse Grains 5/ 2013/14 913.97 1,050.92 109.97 928.80 176.60 2014/15 (Est.) 919.79 1,092.98 123.33 953.46 196.18 filler filler filler filler filler 2015/16 (Proj.) Oct 902.11 1,083.30 107.52 962.38 179.20 2015/16 (Proj.) Nov 901.41 1,094.56 106.36 950.84 197.99 filler filler filler filler filler Rice, milled 2013/14 472.32 581.15 38.74 477.58 106.57 2014/15 (Est.) 471.22 577.00 39.60 478.02 102.18 filler filler filler filler filler 2015/16 (Proj.) Oct 468.06 567.49 38.39 483.54 87.03 2015/16 (Proj.) Nov 467.44 568.82 38.22 482.18 89.75 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world mi nus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales OutputTotal Supply Trade 2 /Total Use 3 /Ending Stocks World 2013/14 120.41 212.21 40.84 110.05 102.98 2014/15 (Est.) 118.91 221.90 35.35 110.33 111.94 filler filler filler filler filler 2015/16 (Proj.) Oct 107.38 219.18 34.19 112.27 106.97 2015/16 (Proj.) Nov 105.63 217.56 34.35 111.59 106.09 filler filler filler filler filler United States 2013/14 12.91 16.72 10.53 3.55 2.35 2014/15 (Est.) 16.32 18.68 11.25 3.58 3.70 filler filler filler filler filler 2015/16 (Proj.) Oct 13.34 17.05 10.20 3.70 3.10 2015/16 (Proj.) Nov 13.28 16.99 10.20 3.70 3.10 filler filler filler filler filler Foreign 4/ 2013/14 107.50 195.49 30.31 106.50 100.63 2014/15 (Est.) 102.59 203.21 24.10 106.75 108.24 filler filler filler filler filler 2015/16 (Proj.) Oct 94.05 202.13 23.99 108.57 103.87 2015/16 (Proj.) Nov 92.35 200.57 24.15 107.89 102.99 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treat ment of export/import imbalances. * Planted area based on March 31 Prospective Plantings. Harvested area based on the previous 10-year average abandonment by region, with the Southwest estimated at 15 percent due to favorable moisture. Yield per harvested acre based on the previous 3-year average by region, with the Southwest adjusted to the 10-year average. November 2015 WASDE - 547 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World OutputTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2013/14 505.45 573.65 133.43 418.89 78.21 2014/15 (Est.) 536.08 614.29 146.91 438.77 91.58 filler filler filler filler filler 2015/16 (Proj.) Oct 531.03 622.93 144.42 447.11 96.27 2015/16 (Proj.) Nov 530.95 622.53 146.99 447.14 94.11 filler filler filler filler filler Oilmeals 2013/14 282.25 293.44 82.07 276.99 12.69 2014/15 (Est.) 299.49 312.18 85.01 293.87 14.44 filler filler filler filler filler 2015/16 (Proj.) Oct 306.13 320.62 88.10 303.16 13.83 2015/16 (Proj.) Nov 306.51 320.95 88.44 303.32 13.65 filler filler filler filler filler Vegetable Oils 2013/14 170.78 188.48 70.06 166.15 18.89 2014/15 (Est.) 176.05 194.93 74.90 171.34 19.23 filler filler filler filler filler 2015/16 (Proj.) Oct 181.66 200.78 75.58 178.17 18.82 2015/16 (Proj.) Nov 181.52 200.75 76.53 178.02 18.48 filler filler filler filler filler United States Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2013/14 99.02 107.85 45.55 51.46 3.95 2014/15 (Est.) 116.03 121.82 51.14 55.10 6.78 filler filler filler filler filler 2015/16 (Proj.) Oct 115.27 123.66 46.58 55.48 13.54 2015/16 (Proj.) Nov 117.74 126.13 47.66 55.75 14.62 filler filler filler filler filler Oilmeals 2013/14 39.39 43.50 10.77 32.43 0.29 2014/15 (Est.) 43.32 47.47 12.18 34.99 0.30 filler filler filler filler filler 2015/16 (Proj.) Oct 42.99 47.06 10.84 35.88 0.34 2015/16 (Proj.) Nov 43.21 47.23 11.02 35.88 0.34 filler filler filler filler filler Vegetable Oils 2013/14 10.42 15.58 1.12 13.49 0.98 2014/15 (Est.) 10.97 16.17 1.17 13.79 1.21 filler filler filler filler filler 2015/16 (Proj.) Oct 11.23 16.64 1.17 14.15 1.31 2015/16 (Proj.) Nov 11.28 16.71 1.31 13.94 1.47 filler filler filler filler filler Foreign 3/ OutputTotal Supply TradeTotal Use 2/Ending Stocks Oilseeds 2013/14 406.43 465.81 87.88 367.43 74.26 2014/15 (Est.) 420.06 492.47 95.78 383.67 84.80 filler filler filler filler filler 2015/16 (Proj.) Oct 415.75 499.26 97.84 391.63 82.73 2015/16 (Proj.) Nov 413.21 496.40 99.33 391.40 79.49 filler filler filler filler filler Oilmeals 2013/14 242.86 249.94 71.30 244.56 12.40 2014/15 (Est.) 256.17 264.71 72.83 258.89 14.14 filler filler filler filler filler 2015/16 (Proj.) Oct 263.14 273.56 77.26 267.28 13.49 2015/16 (Proj.) Nov 263.30 273.72 77.42 267.45 13.31 filler filler filler filler filler Vegetable Oils 2013/14 160.36 172.90 68.95 152.67 17.91 2014/15 (Est.) 165.08 178.77 73.72 157.55 18.03 filler filler filler filler filler 2015/16 (Proj.) Oct 170.43 184.14 74.42 164.02 17.50 2015/16 (Proj.) Nov 170.24 184.04 75.22 164.08 17.02 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total F oreign is equal to World minus United States. November 2015 WASDE - 547 - 11 U.S. Wheat Supply and Use 1/ 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Oct Nov Million Acres Area Planted 56.2 56.8 54.6 54.6 Area Harvested 45.3 46.4 47.1 47.1 Bushels Yield per Harvested Acre 47.1 43.7 43.6 43.6 Million Bushels Beginning Stocks 718 590 753 753 Production 2,135 2,026 2,052 2,052 Imports 173 149 125 125 Supply, Total 3,026 2,766 2,930 2,930 Food 955 958 967 967 Seed 77 81 72 72 Feed and Residual 228 120 180 180 Domestic, Total 1,260 1,159 1,219 1,219 Exports 1,176 854 850 800 Use, Total 2,436 2,013 2,069 2,019 Ending Stocks 590 753 861 911 Avg. Farm Price ($/bu) 2/ 6.87 5.99 4.75 - 5.25 4.80 - 5.20 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red WinterHard Red SpringSoft Red Winter White Durum Total Millio n Bushel s 2014/15 (Est.) Beginning Stocks 237 169 113 50 22 590 Production 739 556 455 224 54 2,026 Supply, Total 3/ 985 791 581 283 126 2,766 Domestic Use 422 308 294 71 63 1,159 Exports 269 270 133 146 37 854 Use, Total 691 579 427 216 100 2,013 Ending Stocks, Total 295 212 154 67 26 753 2015/16 (Proj.) Beginning Stocks 295 212 154 67 26 753 Production 827 564 359 219 82 2,052 Supply, Total 3/ 1,132 821 533 296 148 2,930 Domestic Use 491 287 256 107 78 1,219 Exports 215 275 130 140 40 800 Use, Total 706 562 386 247 118 2,019 Ending Stocks, Total Nov 426 259 147 49 30 911 Ending Stocks, Total Oct 401 239 142 49 30 861 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketi ng-year weighted average price received by farmers. 3/ Includes imports. November 2015 WASDE - 547 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Oct Nov Million Acres Area Planted 109.9 103.5 103.7 103.7 Area Harvested 98.1 93.1 92.7 92.7 Metric Tons Yield per Harvested Acre 3.74 4.05 3.94 3.97 Million Metric Tons Beginning Stocks 23.5 34.3 46.9 46.9 Production 366.9 377.1 364.8 367.9 Imports 3.0 3.2 2.8 2.8 Supply, Total 393.4 414.5 414.6 417.6 Feed and Residual 133.5 139.3 139.5 140.7 Food, Seed & Industrial 171.1 171.6 173.2 173.5 Domestic, Total 304.6 310.9 312.7 314.2 Exports 54.5 56.7 58.3 54.3 Use, Total 359.1 367.6 371.0 368.5 Ending Stocks 34.3 46.9 43.6 49.1 CORN 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. October November Million Acres Area Planted 95.4 90.6 88.4 88.4 Area Harvested 87.5 83.1 80.7 80.7 Bushels Yield per Harvested Acre 158.1 171.0 168.0 169.3 Million Bushels Beginning Stocks 821 1,232 1,731 1,731 Production 13,829 14,216 13,555 13,654 Imports 36 32 30 30 Supply, Total 14,686 15,479 15,316 15,415 Feed and Residual 5,040 5,315 5,275 5,300 Food, Seed & Industrial 2/ 6,493 6,568 6,630 6,555 Ethanol & by-products 3/ 5,124 5,209 5,250 5,175 Domestic, Total 11,534 11,883 11,905 11,855 Exports 1,920 1,864 1,850 1,800 Use, Total 13,454 13,748 13,755 13,655 Ending Stocks 1,232 1,731 1,561 1,760 Avg. Farm Price ($/bu) 4/ 4.46 3.70 3.50 - 4.10 3.35 - 3.95 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see F eed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data-p roducts/feed-grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn glut en feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. November 2015 WASDE - 547 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Oct Nov Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 8.1 7.1 8.7 8.7 Area Harvested (mil. acres) 6.6 6.4 7.6 7.6 Yield (bushels/acre) 59.6 67.6 75.0 77.7 Beginning Stocks 15 34 18 18 Production 392 433 574 594 Imports 0001 Supply, Total 408 467 592 613 Feed and Residual 93 80 105 130 Food, Seed & Industrial 70 15 15 100 Total Domestic 162 96 120 230 Exports 211 353 430 325 Use, Total 374 449 550 555 Ending Stocks 34 18 42 58 Avg. Farm Price ($/bu) 2/ 4.28 4.03 3.65 - 4.35 3.30 - 3.90 Filler Filler Filler Filler Filler BARLEY 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. October November Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.5 3.0 3.6 3.6 Area Harvested (mil. acres) 3.0 2.5 3.1 3.1 Yield (bushels/acre) 71.3 72.7 68.9 68.9 Beginning Stocks 80 82 79 79 Production 217 182 214 214 Imports 19 24 20 18 Supply, Total 316 287 313 311 Feed and Residual 66 43 50 50 Food, Seed & Industrial 153 151 153 153 Total Domestic 219 194 203 203 Exports 14 14 15 12 Use, Total 234 209 218 215 Ending Stocks 82 79 95 96 Avg. Farm Price ($/bu) 2/ 6.06 5.30 4.65 - 5.45 4.85 - 5.55 Filler Filler Filler Filler Filler OATS 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. October November Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.0 2.8 3.1 3.1 Area Harvested (mil. acres) 1.0 1.0 1.3 1.3 Yield (bushels/acre) 64.1 67.9 70.2 70.2 Beginning Stocks 36 25 54 54 Production 65 70 90 90 Imports 97 107 95 95 Supply, Total 198 202 238 238 Feed and Residual 98 70 100 100 Food, Seed & Industrial 73 77 77 77 Total Domestic 172 147 177 177 Exports 2222 Use, Total 173 149 179 179 Ending Stocks 25 54 59 59 Avg. Farm Price ($/bu) 2/ 3.75 3.21 2.00 - 2.50 2.05 - 2.35 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing y ear beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. November 2015 WASDE - 547 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Oct Nov Million Acres Area Planted 2.49 2.94 2.61 2.61 Area Harvested 2.47 2.92 2.57 2.57 Filler Pounds Yield per Harvested Acre 7,694 7,572 7,307 7,423 Million Hundredweight Beginning Stocks 2/ 36.4 31.8 48.5 48.5 Production 190.0 221.0 187.8 190.8 Imports 23.1 24.7 25.5 25.5 Supply, Total 249.5 277.5 261.8 264.8 Domestic & Residual 3/ 124.4 128.7 125.0 127.0 Exports, Total 4/ 93.3 100.3 97.0 98.0 Rough 28.0 34.0 33.0 33.0 Milled (rough equiv.) 65.3 66.3 64.0 65.0 Use, Total 217.7 229.0 222.0 225.0 Ending Stocks 31.8 48.5 39.8 39.8 Avg. Milling Yield (%) 5/ 71.00 70.50 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 16.30 13.30 14.20 - 15.20 13.30 - 14.30 Total LONG-GRAIN RICE 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. October November Harvested Acres (mil.) 1.77 2.19 Yield (pounds/acre) 7,464 7,408 Beginning Stocks 21.9 16.2 26.5 26.5 Production 131.9 162.4 130.3 132.4 Supply, Total 7/ 173.3 199.7 178.8 180.8 Domestic & Residual 3/ 95.3 102.5 93.0 94.0 Exports 8/ 61.9 70.8 64.0 65.0 Use, Total 157.1 173.2 157.0 159.0 Ending Stocks 16.2 26.5 21.8 21.8 Avg. Farm Price ($/cwt) 6/ 15.40 11.90 12.80 - 13.80 11.50 - 12.50 Filler Filler Filler Filler Filler MEDIUM & SHORT-GRAIN RICE 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. October November Harvested Acres (mil.) 0.70 0.73 Yield (pounds/acre) 8,270 8,068 Beginning Stocks 12.2 13.3 20.2 20.2 Production 58.1 58.7 57.5 58.4 Supply, Total 7/ 73.8 75.9 81.1 82.1 Domestic & Residual 3/ 29.1 26.2 32.0 33.0 Exports 8/ 31.4 29.5 33.0 33.0 Use, Total 60.5 55.8 65.0 66.0 Ending Stocks 13.3 20.2 16.1 16.1 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 19.20 18.20 17.30 - 18.30 17.60 - 18.60 California 10/ 20.70 21.40 20.50 - 21.50 21.00 - 22.00 Other States 1/ 15.70 14.40 13.50 - 14.50 12.50 - 13.50 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of bro ken kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2013/14-2.1; 2014/15-2.3; 2015/16-1.9. 3/ Residual include s unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and en ding stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. The 2013/14 and 2014/15 milling yield is based on the Farm Service Agency (FSA) warehouse stored loan data for long, medium, and short grain rice. The 2015/16 milling yield is calculated using the previous five-year Olympic average-- 2010/11-2014/15. 6/ Marketing-year weighted average pri ce received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9 / The medium/short-grain season- average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not fin al until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP fo recast and the final price has averaged $1.65 per cwt from 2008/ 09-2013/14, with a high of $3.5 0 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. November 2015 WASDE - 547 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Oct Nov Filler Filler Filler Filler Filler Million Acres Area Planted 76.8 83.3 83.2 83.2 Area Harvested 76.3 82.6 82.4 82.4 Filler Bushels Yield per Harvested Acre 44.0 47.5 47.2 48.3 Million Bushels Beginning Stocks 141 92 191 191 Production 3,358 3,927 3,888 3,981 Imports 72 33 30 30 Supply, Total 3,570 4,052 4,109 4,203 Crushings 1,734 1,873 1,880 1,890 Exports 1,638 1,843 1,675 1,715 Seed 97 97 92 92 Residual 10 48 38 41 Use, Total 3,478 3,861 3,685 3,738 Ending Stocks 92 191 425 465 Avg. Farm Price ($/bu) 2/ 13.00 10.10 8.40 - 9.90 8.15 - 9.65 Total SOYBEAN OIL 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. October November Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,655 1,165 1,620 1,820 Production 4/ 20,130 21,399 21,735 21,850 Imports 165 264 225 175 Supply, Total 21,950 22,828 23,580 23,845 Domestic Disappearance 18,908 18,994 19,550 19,250 Biodiesel 3/ 5,010 5,050 5,200 5,200 Food, Feed & other Industrial 13,898 13,944 14,350 14,050 Exports 1,877 2,014 2,000 2,300 Use, Total 20,785 21,008 21,550 21,550 Ending stocks 1,165 1,820 2,030 2,295 Avg. Price (c/lb) 2/ 38.23 31.60 27.50 - 30.50 27.50 - 30.50 Total SOYBEAN MEAL 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. October November Filler 1 2 3 4 Thousand Shor t Tons Beginning Stocks 275 250 300 260 Production 4/ 40,685 45,062 44,625 44,865 Imports 383 333 325 325 Supply, Total 41,343 45,645 45,250 45,450 Domestic Disappearance 29,547 32,235 33,300 33,300 Exports 11,546 13,150 11,650 11,850 Use, Total 41,093 45,384 44,950 45,150 Ending Stocks 250 260 300 300 Avg. Price ($/s.t.) 2/ 489.94 368.49 310.00 - 350.00 300.00 - 340.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted aver age price received by farmers; oi l, simple average of crude soybean oil, Decatur; meal, simple average of 48 percen t protein, Decatur. 3/ Reflects only biodiesel made from methy l ester as reported by the U.S. Energy Information Administrati on. 4/ Based on an October year crus h of 1,903 million bushels for 2014/15 and 1,89 0 million bushels for 2015/16. November 2015 WASDE - 547 - 16 U.S. Sugar Supply and Use 1/ 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Oct Nov Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 2,158 1,810 1,697 1,767 Production 2/ 8,462 8,649 8,760 8,810 Beet Sugar 4,794 4,893 5,075 5,075 Cane Sugar 3,667 3,755 3,685 3,735 Florida 1,763 1,975 1,940 1,940 Hawaii 168 146 165 165 Louisiana 1,591 1,512 1,450 1,500 Texas 145 123 130 130 Imports 3,742 3,569 3,398 3,398 TRQ 3/ 1,302 1,534 1,528 1,528 Other Program 4/ 305 471 315 315 Other 5/ 2,135 1,564 1,555 1,555 Mexico 2,130 1,549 1,540 1,540 Total Supply 14,361 14,028 13,856 13,975 Exports 306 185 200 200 Deliveries 12,246 12,076 11,920 11,920 Food 6/ 11,819 11,946 11,785 11,785 Other 7/ 427 131 135 135 Miscellaneous 0000 Total Use 12,552 12,261 12,120 12,120 Ending Stocks 1,810 1,767 1,736 1,855 Stocks to Use Ratio 14.4 14.4 14.3 15.3 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD ). 2/ Production projections for 2014/15 and 2015/16 are based on Crop Production and processo r projections where appropriate. 3/ For 2015/16, WTO raw sugar TRQ shortfall (99). For 2014/15, WTO raw sugar TRQ shortfall (69). 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ For 2013/14, other high-tier (5 ) and other (0). For 2014/15, other high-tier (15) and other (0). For 2015/16, other high-tier (15) and other (0). 6/Co mbines SMD deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar-containing products for reexport, and for nonedible alcohol, feed, and ethanol. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2014/15 Est. Oct 831 5,985 151 4,764 1,441 762 2014/15 Est. Nov 831 5,985 152 4,700 1,458 811 2015/16 Proj. Oct 762 6,000 155 4,825 1,328 764 2015/16 Proj. Nov 811 6,056 155 4,712 1,328 982 1/ HFCS imports by Mexico (1,000 metric tons, dry ba sis): Oct-Sep 2013/14 = 913, Oct-Sep 2014/15 = 979 . Footnote source: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes domestic consumption, Mexico's products export program (IMMEX), and any residual statisti cal discrepancies. IMMEX: 2014/15 (324 est), 2015/16 (324 proj). Statistical Adjustment: 2014/15 (-32), 2015/16 (0). November 2015 WASDE - 547 - 17 U.S. Cotton Supply and Use 1/ 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Oct Nov Filler Filler Filler Filler Filler Area Million Acres Planted 10.41 11.04 8.56 8.56 Harvested 7.54 9.35 8.17 8.15 Filler Pounds Yield per Harvested Acre 821 838 784 782 Million 480 Pound Bales Beginning Stocks 3.80 2.35 3.70 3.70 Production 12.91 16.32 13.34 13.28 Imports 0.01 0.01 0.01 0.01 Supply, Total 16.72 18.68 17.05 16.99 Domestic Use 3.55 3.58 3.70 3.70 Exports, Total 10.53 11.25 10.20 10.20 Use, Total 14.08 14.82 13.90 13.90 Unaccounted 2/ 0.29 0.16 0.05 -0.01 Ending Stocks 2.35 3.70 3.10 3.10 Avg. Farm Price 3/ 77.9 61.3 54.00 - 64.00 55.00 - 63.00 Total Note: Reliability calculations at end of report. 1/ Upland and extra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference be tween the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. November 2015 WASDE - 547 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 177.16 715.11 158.36 126.79 698.65 165.91 193.62 United States 19.54 58.11 4.71 6.20 34.29 32.00 16.07 Total Foreign 157.62 657.00 153.65 120.60 664.37 133.91 177.55 Major Exporters 4/ 20.80 217.76 4.58 56.90 139.71 76.17 27.26 Argentina 0.29 10.50 0.00 0.10 6.05 2.25 2.49 Australia 4.66 25.30 0.16 3.60 6.95 18.62 4.56 Canada 5.14 37.53 0.45 4.20 9.41 23.27 10.44 European Union 5/ 10.71 144.43 3.97 49.00 117.30 32.03 9.78 Major Importers 6/ 83.62 194.10 87.36 28.30 259.78 5.19 100.11 Brazil 1.00 5.30 7.07 0.60 11.40 0.08 1.89 China 53.96 121.93 6.77 16.00 116.50 0.89 65.27 Sel. Mideast 7/ 8.94 18.96 20.69 4.92 36.07 0.50 12.02 N. Africa 8/ 11.49 19.72 25.27 2.68 42.42 0.50 13.55 Pakistan 2.62 24.00 0.40 0.60 24.10 0.75 2.17 Southeast Asia 9/ 3.78 0.00 16.41 2.46 15.76 0.89 3.55 Selected Other India 24.20 93.51 0.03 4.80 93.85 6.05 17.83 FSU-12 13.92 103.87 7.41 22.75 72.94 37.15 15.12 Russia 4.95 52.09 0.80 12.50 34.10 18.57 5.18 Kazakhstan 2.94 13.94 0.01 2.00 6.80 8.10 1.99 Ukraine 2.58 22.28 0.07 3.40 11.50 9.76 3.67 2014/15 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 193.62 725.12 158.69 132.68 707.05 164.22 211.69 United States 16.07 55.15 4.07 3.25 31.53 23.25 20.50 Total Foreign 177.55 669.98 154.62 129.43 675.52 140.97 191.19 Major Exporters 4/ 27.26 222.05 6.65 62.69 146.47 81.62 27.87 Argentina 2.49 12.50 0.04 0.30 6.35 5.50 3.18 Australia 4.56 23.67 0.16 4.10 7.50 16.61 4.27 Canada 10.44 29.42 0.48 3.79 9.12 24.12 7.11 European Union 5/ 9.78 156.47 5.97 54.50 123.50 35.40 13.32 Major Importers 6/ 100.11 196.48 84.72 30.53 263.90 7.65 109.75 Brazil 1.89 6.00 5.37 0.30 10.70 1.69 0.87 China 65.27 126.17 1.93 17.00 118.50 0.80 74.07 Sel. Mideast 7/ 12.02 17.37 21.26 4.45 36.11 1.52 13.02 N. Africa 8/ 13.55 16.90 25.18 2.48 42.68 0.61 12.35 Pakistan 2.17 25.50 0.75 1.00 24.50 0.70 3.22 Southeast Asia 9/ 3.55 0.00 19.91 4.51 18.27 0.96 4.23 Selected Other India 17.83 95.85 0.05 4.50 93.13 3.40 17.20 FSU-12 15.12 112.73 7.67 24.60 75.84 40.22 19.46 Russia 5.18 59.08 0.33 13.00 35.50 22.80 6.28 Kazakhstan 1.99 13.00 0.60 2.00 6.80 5.54 3.25 Ukraine 3.67 24.75 0.03 4.00 12.00 11.27 5.18 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Austra lia, Canada, and the European Union. 5/ Trade excludes intra- trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Ph ilippines, Thailand, and Vietnam. November 2015 WASDE - 547 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Oct 212.11 732.79 157.80 137.72 716.41 160.58 228.49 Nov 211.69 732.98 157.85 138.62 717.37 160.41 227.30 United States Oct 20.50 55.84 3.40 4.90 33.18 23.13 23.43 Nov 20.50 55.84 3.40 4.90 33.18 21.77 24.79 Total Foreign Oct 191.61 676.95 154.40 132.82 683.23 137.44 205.06 Nov 191.19 677.14 154.45 133.72 684.20 138.64 202.51 Major Exporters 4/ Oct 27.53 218.76 6.67 64.80 148.33 76.00 28.63 Nov 27.87 219.77 6.67 65.90 149.33 76.50 28.49 Argentina Oct 3.18 10.50 0.03 0.10 6.15 5.00 2.56 Nov 3.18 10.50 0.03 0.10 6.15 5.00 2.56 Australia Oct 4.18 27.00 0.15 3.90 7.33 19.00 5.00 Nov 4.27 26.00 0.15 4.00 7.43 18.00 5.00 Canada Oct 7.11 26.00 0.49 3.80 9.00 19.00 5.59 Nov 7.11 26.00 0.49 3.80 9.00 20.00 4.59 European Union 5/ Oct 13.07 155.26 6.00 57.00 125.85 33.00 15.48 Nov 13.32 157.27 6.00 58.00 126.75 33.50 16.34 Major Importers 6/ Oct 110.43 203.62 85.12 29.82 266.33 6.41 126.42 Nov 109.75 203.56 84.82 30.02 267.63 6.91 123.59 Brazil Oct 1.09 6.00 6.70 0.60 11.20 1.00 1.59 Nov 0.87 6.00 6.30 0.60 10.60 1.50 1.07 China Oct 74.57 130.00 2.50 15.00 116.50 1.00 89.57 Nov 74.07 130.00 2.00 15.00 118.00 1.00 87.07 Sel. Mideast 7/ Oct 12.98 17.86 20.60 4.85 37.46 0.83 13.15 Nov 13.02 17.86 20.60 4.85 37.46 0.83 13.18 N. Africa 8/ Oct 12.35 20.26 25.60 2.88 44.33 0.65 13.23 Nov 12.35 20.00 25.60 2.68 44.33 0.65 12.97 Pakistan Oct 3.22 25.00 0.10 1.00 24.60 0.60 3.12 Nov 3.22 25.00 0.10 1.00 24.60 0.60 3.12 Southeast Asia 9/ Oct 4.23 0.00 19.43 4.69 18.95 0.96 3.74 Nov 4.23 0.00 20.03 4.99 19.25 0.96 4.04 Selected Other India Oct 17.20 88.94 0.80 4.80 94.54 0.50 11.90 Nov 17.20 88.94 0.50 4.80 93.94 0.80 11.90 FSU-12 Oct 19.46 117.53 7.09 25.83 78.13 45.41 20.55 Nov 19.46 117.03 7.14 25.43 77.53 45.46 20.65 Russia Oct 6.28 61.00 0.35 14.00 37.00 23.50 7.13 Nov 6.28 60.50 0.35 13.50 36.50 23.50 7.13 Kazakhstan Oct 3.25 14.00 0.03 2.00 6.80 6.50 3.97 Nov 3.25 14.00 0.08 2.10 6.90 6.50 3.92 Ukraine Oct 5.18 27.00 0.05 4.50 12.70 15.00 4.53 Nov 5.18 27.00 0.05 4.50 12.50 15.00 4.73 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Austra lia, Canada, and the European Union. 5/ Trade excludes intra- trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Ph ilippines, Thailand, and Vietnam. November 2015 WASDE - 547 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 163.70 1,281.06 156.18 733. 11 1,233.85 164.45 210.91 United States 23.53 367.09 3.23 133.69 305.05 54.49 34.31 Total Foreign 140.17 913.97 152.95 599.42 928.80 109.97 176.60 Major Exporters 4/ 16.75 174.69 1.81 81.14 111.15 56.45 25.65 Argentina 2.47 35.67 0.00 8.74 13.60 21.27 3.27 Australia 0.85 12.16 0.00 3.36 5.04 6.92 1.05 Brazil 9.56 82.60 1.11 48.28 58.03 20.98 14.26 Canada 3.02 28.75 0.54 15.14 22.37 5.29 4.65 Major Importers 5/ 33.52 249.69 112.99 259.12 341.58 10.97 43.64 European Union 6/ 13.08 158.92 16.24 122.36 164.11 8.63 15.50 Japan 0.98 0.19 17.50 12.88 17.64 0.00 1.03 Mexico 1.63 32.02 11.32 23.62 40.89 0.50 3.58 N. Afr & Mideast 7/ 9.93 31.09 30.66 50.38 57.94 0.30 13.44 Saudi Arabia 3.39 0.36 11.69 11.13 11.55 0.00 3.89 Southeast Asia 8/ 2.83 26.84 10.73 26.86 34.96 1.54 3.90 South Korea 1.29 0.20 10.50 7.80 10.11 0.00 1.88 Selected Other China 68.38 225.07 12.45 157.78 223.60 0.03 82.26 FSU-12 5.04 87.65 0.80 39.97 55.63 30.85 6.99 Russia 1.38 35.74 0.26 18.90 28.62 6.95 1.80 Ukraine 2.33 39.92 0.08 12.22 15.93 22.77 3.64 2014/15 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ ExportsEnding Stocks World 3/ 210.91 1,297.03 166.30 748. 54 1,264.81 179.99 243.14 United States 34.31 377.23 3.42 139.47 311.34 56.67 46.95 Total Foreign 176.60 919.79 162.88 609.07 953.46 123.33 196.18 Major Exporters 4/ 25.65 166.07 3.31 81.64 111.79 62.49 20.75 Argentina 3.27 33.53 0.01 9.17 14.33 19.61 2.87 Australia 1.05 11.66 0.00 2.79 4.46 7.43 0.83 Brazil 14.26 87.60 0.93 50.20 59.93 31.04 11.82 Canada 4.65 21.99 1.65 13.89 21.27 3.79 3.23 Major Importers 5/ 43.64 257.37 108.30 262.55 345.64 15.77 47.90 European Union 6/ 15.50 170.55 9.03 121.48 163.27 13.97 17.84 Japan 1.03 0.17 16.73 12.32 16.98 0.00 0.95 Mexico 3.58 32.39 11.50 24.42 41.94 0.81 4.72 N. Afr & Mideast 7/ 13.44 26.89 33.82 51.54 59.49 0.10 14.56 Saudi Arabia 3.89 0.36 11.35 11.25 11.73 0.00 3.87 Southeast Asia 8/ 3.90 26.68 11.32 29.39 37.39 0.90 3.62 South Korea 1.88 0.21 10.26 8.04 10.42 0.00 1.94 Selected Other China 82.26 222.17 25.70 158.50 228.55 0.04 101.54 FSU-12 6.99 91.73 0.84 41.81 57.84 33.99 7.73 Russia 1.80 40.39 0.16 20.88 31.14 8.66 2.54 Ukraine 3.64 39.35 0.06 11.58 15.19 24.47 3.38 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjust ed to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in som e countries. 4/ Argentina, Australia, Canada, Brazil, a nd South Africa. 5/ The European Union, Me xico, Japan, selected North Africa and Midd le East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes in tra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, M orocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2015 WASDE - 547 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Oct 231.20 1,267.25 162.63 768. 84 1,275.55 165.79 222.90 Nov 243.14 1,269.56 159.75 759. 90 1,265.53 160.63 247.16 United States Oct 46.95 365.14 3.05 139.68 313.16 58.28 43.70 Nov 46.95 368.16 3.03 140.95 314.69 54.27 49.17 Total Foreign Oct 184.24 902.11 159.58 629.16 962.38 107.52 179.20 Nov 196.18 901.41 156.73 618.95 950.84 106.36 197.99 Major Exporters 4/ Oct 27.55 165.55 2.70 84.88 115.47 55.67 24.66 Nov 20.75 167.96 2.70 84.88 115.47 56.97 18.96 Argentina Oct 2.87 32.46 0.01 9.62 14.98 18.11 2.25 Nov 2.87 34.06 0.01 9.62 14.98 19.61 2.35 Australia Oct 0.83 12.78 0.00 3.44 5.12 7.33 1.16 Nov 0.83 12.78 0.00 3.44 5.12 7.33 1.16 Brazil Oct 18.82 82.58 1.00 52.09 61.84 25.02 15.54 Nov 11.82 84.08 1.00 52.09 61.84 25.02 10.04 Canada Oct 3.23 23.63 1.61 14.11 21.51 3.70 3.25 Nov 3.23 23.67 1.61 14.11 21.51 3.70 3.29 Major Importers 5/ Oct 47.92 243.36 109.61 264.92 348.63 10.22 42.04 Nov 47.90 243.83 110.76 265.37 348.48 11.22 42.79 European Union 6/ Oct 17.24 149.34 16.36 118.83 161.32 8.81 12.82 Nov 17.84 150.46 16.41 118.53 160.42 9.81 14.47 Japan Oct 1.00 0.17 17.08 12.57 17.23 0.00 1.02 Nov 0.95 0.17 16.98 12.47 17.13 0.00 0.97 Mexico Oct 4.71 31.98 10.78 25.02 42.59 0.50 4.37 Nov 4.72 31.33 11.23 25.22 42.79 0.50 3.98 N. Afr & Mideast 7/ Oct 14.17 33.07 28.67 54.33 62.34 0.27 13.30 Nov 14.56 33.08 28.92 54.58 62.59 0.27 13.70 Saudi Arabia Oct 3.87 0.25 11.53 11.55 11.95 0.00 3.69 Nov 3.87 0.25 12.03 11.75 12.15 0.00 3.99 Southeast Asia 8/ Oct 4.66 28.21 10.72 30.36 38.37 0.64 4.58 Nov 3.62 28.21 10.72 30.56 38.57 0.64 3.34 South Korea Oct 1.86 0.20 10.09 8.04 10.32 0.00 1.84 Nov 1.94 0.20 10.09 8.04 10.32 0.00 1.92 Selected Other China Oct 82.58 231.50 21.25 173.13 243.48 0.08 91.78 Nov 101.54 231.50 17.25 162.43 234.78 0.08 115.44 FSU-12 Oct 7.62 85.83 0.82 41.06 57.29 30.94 6.04 Nov 7.73 83.23 0.82 41.08 57.31 28.18 6.28 Russia Oct 2.54 39.80 0.16 21.15 31.60 8.61 2.29 Nov 2.54 39.00 0.16 21.15 31.60 7.81 2.29 Ukraine Oct 3.40 34.78 0.06 10.40 13.96 21.68 2.59 Nov 3.38 32.83 0.06 10.35 13.91 19.68 2.68 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjust ed to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in som e countries. 4/ Argentina, Australia, Canada, Brazil, a nd South Africa. 5/ The European Union, Me xico, Japan, selected North Africa and Midd le East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes in tra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, M orocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2015 WASDE - 547 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 132.90 991.43 123.94 570.34 949.46 131.10 174.88 United States 20.86 351.27 0.91 128.02 292.97 48.78 31.29 Total Foreign 112.04 640.16 123.03 442.32 656.49 82.32 143.59 Major Exporters 4/ 11.12 120.93 0.86 57.30 75.30 40.03 17.58 Argentina 1.31 26.00 0.00 5.80 8.80 17.10 1.41 Brazil 9.15 80.00 0.79 46.00 55.00 20.97 13.97 South Africa 0.66 14.93 0.07 5.50 11.50 1.96 2.20 Major Importers 5/ 12.27 120.25 76.03 133.46 185.52 4.44 18.60 Egypt 1.08 5.80 8.73 11.00 13.20 0.00 2.40 European Union 6/ 5.15 64.63 15.92 58.00 76.50 2.40 6.80 Japan 0.52 0.00 15.12 10.70 15.10 0.00 0.55 Mexico 1.06 22.88 10.95 15.20 31.70 0.50 2.69 Southeast Asia 7/ 2.82 26.78 10.72 26.80 34.90 1.53 3.89 South Korea 1.27 0.08 10.41 7.76 9.89 0.00 1.86 Selected Other 0.00 Canada 1.55 14.19 0.51 7.52 12.70 1.95 1.60 China 67.57 218.49 3.28 150.00 208.00 0.02 81.32 FSU-12 2.00 46.92 0.46 18.37 21.14 24.81 3.44 Ukraine 1.19 30.90 0.07 8.30 9.70 20.00 2.45 2014/15 Est. Beginning S tocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 174.88 1,008.79 121.70 582.78 975.46 135.75 208.21 United States 31.29 361.09 0.80 135.02 301.85 47.36 43.98 Total Foreign 143.59 647.70 120.89 447.77 673.61 88.39 164.23 Major Exporters 4/ 17.58 122.30 1.21 59.60 77.60 48.60 14.88 Argentina 1.41 26.50 0.01 6.10 9.40 17.00 1.51 Brazil 13.97 85.00 0.60 48.00 57.00 31.00 11.57 South Africa 2.20 10.80 0.60 5.50 11.20 0.60 1.80 Major Importers 5/ 18.60 133.99 68.09 140.50 192.88 5.70 22.10 Egypt 2.40 5.96 7.80 11.50 13.90 0.01 2.25 European Union 6/ 6.80 75.73 8.70 59.50 78.00 4.00 9.23 Japan 0.55 0.00 14.66 10.40 14.70 0.00 0.50 Mexico 2.69 25.48 11.27 17.70 34.45 0.80 4.19 Southeast Asia 7/ 3.89 26.63 11.28 29.30 37.30 0.89 3.61 South Korea 1.86 0.08 10.18 8.00 10.20 0.00 1.92 Selected Other 0.00 Canada 1.60 11.49 1.50 7.50 12.80 0.50 1.29 China 81.32 215.67 5.52 140.00 202.00 0.01 100.49 FSU-12 3.44 43.73 0.47 18.67 21.39 23.30 2.95 Ukraine 2.45 28.45 0.05 8.00 9.40 19.80 1.75 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Braz il, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indone sia, Malaysia, Philippines, Thailand, and Vietnam. November 2015 WASDE - 547 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Oct 196.03 972.60 123.31 602.49 980.79 121.93 187.83 Nov 208.21 974.87 123.51 596.17 971.16 119.26 211.91 United States Oct 43.98 344.31 0.76 133.99 302.40 46.99 39.66 Nov 43.98 346.82 0.76 134.63 301.13 45.72 44.70 Total Foreign Oct 152.05 628.29 122.55 468.50 678.39 74.94 148.18 Nov 164.23 628.05 122.75 461.55 670.03 73.54 167.21 Major Exporters 4/ Oct 21.68 117.50 0.63 62.00 80.40 41.00 18.41 Nov 14.88 119.85 0.63 62.00 80.40 42.30 12.66 Argentina Oct 1.51 24.00 0.01 6.50 10.00 14.50 1.02 Nov 1.51 25.60 0.01 6.50 10.00 16.00 1.12 Brazil Oct 18.57 80.00 0.60 50.00 59.00 25.00 15.17 Nov 11.57 81.50 0.60 50.00 59.00 25.00 9.67 South Africa Oct 1.60 13.50 0.03 5.50 11.40 1.50 2.22 Nov 1.80 12.75 0.03 5.50 11.40 1.30 1.87 Major Importers 5/ Oct 21.96 115.87 74.30 139.80 192.63 2.15 17.35 Nov 22.10 115.62 74.20 139.70 192.03 2.15 17.75 Egypt Oct 1.95 6.00 8.00 12.10 14.50 0.01 1.44 Nov 2.25 6.00 8.00 12.10 14.50 0.01 1.74 European Union 6/ Oct 8.63 58.00 16.00 57.50 76.50 1.00 5.12 Nov 9.23 57.75 16.00 57.00 75.50 1.00 6.48 Japan Oct 0.55 0.00 14.80 10.50 14.80 0.00 0.55 Nov 0.50 0.00 14.70 10.40 14.70 0.00 0.50 Mexico Oct 3.94 23.50 10.50 17.20 34.00 0.50 3.44 Nov 4.19 23.50 10.50 17.50 34.30 0.50 3.39 Southeast Asia 7/ Oct 4.65 28.16 10.70 30.30 38.30 0.64 4.58 Nov 3.61 28.16 10.70 30.50 38.50 0.64 3.33 South Korea Oct 1.84 0.08 10.00 8.00 10.10 0.00 1.82 Nov 1.92 0.08 10.00 8.00 10.10 0.00 1.90 Selected Other Canada Oct 1.29 12.30 1.50 8.00 13.35 0.50 1.24 Nov 1.29 12.30 1.50 8.00 13.35 0.50 1.24 China Oct 81.66 225.00 3.00 157.00 219.00 0.05 90.61 Nov 100.49 225.00 3.00 150.00 214.00 0.05 114.44 FSU-12 Oct 2.82 41.76 0.49 18.64 21.51 21.13 2.44 Nov 2.95 39.91 0.49 18.74 21.61 19.13 2.61 Ukraine Oct 1.75 25.00 0.05 7.00 8.40 17.00 1.40 Nov 1.75 23.00 0.05 7.00 8.40 15.00 1.40 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to di fferences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and Sout h Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra- trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2015 WASDE - 547 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ 110.71 478.44 38.38 481.56 41.74 107.59 United States 1.16 6.12 0.73 3.98 3.01 1.03 Total Foreign 109.56 472.32 37.64 477.58 38.74 106.57 Major Exporters 4/ 39.61 161.97 0.63 134.66 30.64 36.91 India 25.44 106.65 0.00 99.18 10.15 22.76 Pakistan 0.50 6.70 0.03 2.60 3.20 1.43 Thailand 12.81 20.46 0.30 10.88 10.97 11.72 Vietnam 0.86 28.16 0.30 22.00 6.33 1.00 Major Importers 5/ 12.51 64.32 12.43 76.99 1.10 11.17 Brazil 0.53 8.30 0.55 7.90 0.82 0.66 European Union 6/ 1.19 1.94 1.53 3.25 0.24 1.16 Indonesia 6.48 36.30 1.23 38.50 0.00 5.50 Nigeria 0.89 2.77 2.80 5.80 0.00 0.66 Philippines 1.49 11.86 1.20 12.85 0.00 1.70 Sel. Mideast 7/ 1.50 1.95 3.96 6.12 0.00 1.29 Selected Other 0.00 Burma 0.55 11.96 0.00 10.45 1.69 0.37 C. Amer & Carib 8/ 0.47 1.77 1.41 3.17 0.01 0.47 China 46.83 142.53 4.02 146.30 0.26 46.81 Egypt 0.43 4.75 0.03 4.00 0.60 0.60 Japan 2.86 7.94 0.66 8.29 0.06 3.11 Mexico 0.19 0.13 0.69 0.86 0.00 0.15 South Korea 0.78 4.23 0.31 4.42 0.00 0.90 2014/15 Est. Beginning Stocks Production ImportsTotal /2 Domestic ExportsEnding Stocks World 3/ 107.59 478.29 40.95 482.14 42.81 103.74 United States 1.03 7.07 0.78 4.12 3.21 1.55 Total Foreign 106.57 471.22 40.17 478.02 39.60 102.18 Major Exporters 4/ 36.91 158.52 0.73 134.70 31.00 30.47 India 22.76 104.80 0.00 98.10 11.80 17.66 Pakistan 1.43 6.90 0.03 2.80 4.00 1.56 Thailand 11.72 18.75 0.30 11.70 9.00 10.07 Vietnam 1.00 28.07 0.40 22.10 6.20 1.17 Major Importers 5/ 11.17 64.18 14.98 78.14 1.30 10.89 Brazil 0.66 8.47 0.45 7.90 1.00 0.67 European Union 6/ 1.16 1.88 1.71 3.27 0.27 1.22 Indonesia 5.50 35.76 1.40 38.50 0.00 4.16 Nigeria 0.66 2.84 4.00 6.40 0.00 1.09 Philippines 1.70 11.92 1.80 13.20 0.00 2.21 Sel. Mideast 7/ 1.29 1.98 3.96 6.17 0.00 1.06 Selected Other 0.00 Burma 0.37 12.60 0.00 10.55 2.00 0.42 C. Amer & Carib 8/ 0.47 1.77 1.58 3.33 0.01 0.48 China 46.81 144.50 4.32 147.50 0.43 47.70 Egypt 0.60 4.53 0.03 4.00 0.25 0.91 Japan 3.11 7.84 0.65 8.31 0.08 3.21 Mexico 0.15 0.18 0.69 0.87 0.00 0.15 South Korea 0.90 4.24 0.47 4.45 0.00 1.16 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in so me countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Braz il, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Ira q, and Saudi Arabia. 8/ Central American and Caribbean countri es. November 2015 WASDE - 547 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ Oct 101.79 474.02 39.43 487.52 41.47 88.29 Nov 103.74 473.50 39.26 486.22 41.33 91.02 United States Oct 1.55 5.96 0.81 3.98 3.08 1.26 Nov 1.55 6.06 0.81 4.04 3.11 1.26 Total Foreign Oct 100.24 468.06 38.62 483.54 38.39 87.03 Nov 102.18 467.44 38.45 482.18 38.22 89.75 Major Exporters 4/ Oct 29.41 155.00 0.82 136.25 30.00 18.98 Nov 30.47 155.00 0.72 135.95 30.00 20.24 India Oct 16.61 103.50 0.00 99.20 9.00 11.91 Nov 17.66 103.50 0.00 99.00 9.00 13.16 Pakistan Oct 1.56 6.90 0.02 2.85 4.50 1.13 Nov 1.56 6.90 0.02 2.85 4.50 1.13 Thailand Oct 10.07 16.40 0.30 12.00 9.50 5.27 Nov 10.07 16.40 0.30 12.00 9.50 5.27 Vietnam Oct 1.17 28.20 0.50 22.20 7.00 0.67 Nov 1.17 28.20 0.40 22.10 7.00 0.67 Major Importers 5/ Oct 11.03 64.20 13.86 78.01 1.18 9.90 Nov 10.89 63.73 14.01 77.96 1.21 9.46 Brazil Oct 0.76 8.00 0.70 7.95 0.90 0.61 Nov 0.67 8.00 0.70 7.90 0.90 0.57 European Union 6/ Oct 1.13 1.93 1.55 3.28 0.23 1.10 Nov 1.22 1.93 1.50 3.28 0.26 1.11 Indonesia Oct 4.45 36.30 1.30 38.65 0.00 3.40 Nov 4.16 36.30 1.60 38.65 0.00 3.41 Nigeria Oct 1.09 2.71 3.00 6.00 0.00 0.80 Nov 1.09 2.71 3.00 6.00 0.00 0.80 Philippines Oct 2.11 12.00 1.70 13.25 0.00 2.56 Nov 2.21 11.50 1.70 13.25 0.00 2.16 Sel. Mideast 7/ Oct 1.16 1.86 4.35 6.22 0.00 1.15 Nov 1.06 1.89 4.35 6.22 0.00 1.09 Selected Other Burma Oct 0.42 12.20 0.00 10.50 1.80 0.32 Nov 0.42 12.20 0.00 10.50 1.80 0.32 C. Amer & Carib 8/ Oct 0.44 1.68 1.61 3.29 0.01 0.42 Nov 0.48 1.68 1.61 3.30 0.01 0.46 China Oct 46.80 145.50 4.70 151.00 0.40 45.60 Nov 47.70 145.50 4.70 150.00 0.40 47.50 Egypt Oct 0.91 4.00 0.03 4.00 0.40 0.53 Nov 0.91 4.00 0.03 4.00 0.40 0.53 Japan Oct 3.21 7.90 0.70 8.38 0.08 3.36 Nov 3.21 7.90 0.70 8.38 0.08 3.36 Mexico Oct 0.11 0.17 0.70 0.87 0.00 0.10 Nov 0.15 0.14 0.70 0.87 0.00 0.11 South Korea Oct 1.16 4.00 0.41 4.36 0.00 1.21 Nov 1.16 4.26 0.41 4.36 0.00 1.46 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indone sia, Hong Kong, Cote d'Ivoire, N igeria, Philippines, selected Middle East, and the EU-28. 6/ Trade exclude s intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. November 2015 WASDE - 547 - 26 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2013/14 Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World 91.81 120.41 41.28 110.05 40.84 -0.38 102.98 United States 3.80 12.91 0.01 3.55 10.53 0.29 2.35 Total Foreign 88.01 107.50 41.27 106.50 30.31 -0.68 100.63 Major Exporters 4/ 27.42 57.03 1.36 32.10 26.60 -0.83 27.93 Central Asia 5/ 4.21 6.60 3 / 2.35 5.05 0.00 3.41 Afr. Fr. Zone 6/ 1.30 4.37 3 / 0.15 4.13 0.00 1.39 S. Hemis 7/ 9.78 14.04 0.29 5.26 7.76 -0.34 11.42 Australia 2.40 4.10 3 / 0.04 4.85 -0.20 1.81 Brazil 5.80 8.00 0.15 4.20 2.23 -0.15 7.67 India 11.80 31.00 0.68 23.35 9.26 -0.50 11.36 Major Importers 8/ 58.77 47.23 37.58 69.98 2.64 0.15 70.82 Mexico 0.65 0.93 1.04 1.85 0.16 0.03 0.58 China 50.36 32.75 14.12 34.50 0.03 0.00 62.71 European Union 9/ 0.55 1.60 0.87 0.85 1.60 0.03 0.53 Turkey 1.32 2.30 4.25 6.30 0.20 0.00 1.36 Pakistan 2.71 9.50 1.20 10.40 0.51 0.03 2.48 Indonesia 0.54 0.03 2.99 3.05 0.01 0.00 0.50 Thailand 0.24 3 / 1.55 1.55 0.00 0.03 0.22 Bangladesh 1.17 0.12 5.30 5.30 0.00 0.01 1.27 Vietnam 0.49 0.01 3.20 3.20 0.00 0.00 0.50 2014/15 Est. Beginning Stocks Production ImportsDomestic Use ExportsLoss /2 Ending Stocks World 102.98 118.91 35.81 110.33 35.35 0.09 111.94 United States 2.35 16.32 0.01 3.58 11.25 0.16 3.70 Total Foreign 100.63 102.59 35.80 106.75 24.10 -0.07 108.24 Major Exporters 4/ 27.93 52.56 1.73 32.60 20.63 -0.23 29.22 Central Asia 5/ 3.41 6.20 3 / 2.46 4.69 0.00 2.45 Afr. Fr. Zone 6/ 1.39 5.04 3 / 0.14 4.33 0.00 1.95 S. Hemis 7/ 11.42 11.00 0.17 4.65 7.03 -0.24 11.14 Australia 1.81 2.30 3 / 0.04 2.39 -0.10 1.78 Brazil 7.67 7.00 0.02 3.60 3.91 -0.15 7.33 India 11.36 29.50 1.23 24.50 4.20 0.00 13.39 Major Importers 8/ 70.82 46.95 31.92 69.78 2.57 0.15 77.18 Mexico 0.58 1.37 0.83 1.85 0.17 0.03 0.74 China 62.71 30.00 8.28 33.00 0.07 0.00 67.92 European Union 9/ 0.53 1.64 0.86 0.87 1.62 0.03 0.50 Turkey 1.36 3.20 3.68 6.40 0.24 0.00 1.60 Pakistan 2.48 10.60 0.84 10.60 0.45 0.03 2.84 Indonesia 0.50 0.02 3.35 3.25 0.01 0.00 0.61 Thailand 0.22 3 / 1.47 1.45 0.00 0.03 0.21 Bangladesh 1.27 0.12 5.40 5.50 0.00 0.01 1.28 Vietnam 0.50 0.01 4.40 4.05 0.00 0.00 0.85 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing ch annel; for Australia, Brazil, China, and the United States, refl ects the difference between implicit stocks based on supply less total use and indicated ending st ocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzst an, Tajikistan, Turkmenistan, an d Uzbekistan. 6/ Benin, Burkino Faso, Came roon, Central African Republic, Chad, Cote d' Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Para guay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regi ons listed, includes Hong Kong, Japan, Russi a, South Korea, and Taiwan. 9/ Includes intra-EU trade. November 2015 WASDE - 547 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2015/16 Proj. Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World Oct 111.79 107.38 34.20 112.27 34.19 -0.06 106.97 Nov 111.94 105.63 34.35 111.59 34.35 -0.11 106.09 United States Oct 3.70 13.34 0.01 3.70 10.20 0.05 3.10 Nov 3.70 13.28 0.01 3.70 10.20 -0.01 3.10 Total Foreign Oct 108.09 94.05 34.19 108.57 23.99 -0.11 103.87 Nov 108.24 92.35 34.34 107.89 24.15 -0.11 102.99 filler filler filler filler filler filler filler Major Exporters 4/ Oct 29.11 50.59 1.70 33.37 20.52 -0.23 27.74 Nov 29.22 50.01 1.65 33.37 20.81 -0.23 26.93 Central Asia 5/ Oct 2.45 5.92 3 / 2.51 3.75 0.00 2.11 Nov 2.45 5.92 3 / 2.51 3.95 0.00 1.91 Afr. Fr. Zone 6/ Oct 1.83 4.89 3 / 0.14 5.00 0.00 1.57 Nov 1.95 4.81 3 / 0.14 4.90 0.00 1.72 S. Hemis 7/ Oct 11.15 10.17 0.25 4.42 7.07 -0.24 10.33 Nov 11.14 10.17 0.20 4.41 7.26 -0.24 10.07 Australia Oct 1.78 2.10 3 / 0.04 2.50 -0.10 1.44 Nov 1.78 2.10 3 / 0.04 2.50 -0.10 1.44 Brazil Oct 7.33 6.50 0.10 3.35 3.80 -0.15 6.93 Nov 7.33 6.50 0.05 3.35 4.00 -0.15 6.68 India Oct 13.39 29.00 1.00 25.50 4.40 0.00 13.49 Nov 13.39 28.50 1.00 25.50 4.40 0.00 12.99 filler filler filler filler filler filler filler Major Importers 8/ Oct 77.23 40.29 30.26 70.76 2.52 0.12 74.38 Nov 77.18 39.20 30.42 70.07 2.38 0.12 74.24 Mexico Oct 0.73 1.05 0.88 1.90 0.15 0.03 0.58 Nov 0.74 0.95 0.98 1.90 0.15 0.03 0.59 China Oct 67.92 25.30 5.75 33.50 0.20 0.00 65.27 Nov 67.92 25.00 5.75 33.00 0.20 0.00 65.47 European Union 9/ Oct 0.54 1.49 0.85 0.87 1.45 0.03 0.52 Nov 0.50 1.30 0.86 0.88 1.32 0.03 0.44 Turkey Oct 1.60 2.80 3.80 6.40 0.25 0.00 1.55 Nov 1.60 2.80 3.80 6.40 0.25 0.00 1.55 Pakistan Oct 2.85 9.50 1.15 10.40 0.45 0.03 2.63 Nov 2.84 9.00 1.30 10.25 0.45 0.03 2.41 Indonesia Oct 0.61 0.02 3.20 3.20 0.01 0.00 0.63 Nov 0.61 0.02 3.10 3.15 0.01 0.00 0.57 Thailand Oct 0.21 3 / 1.45 1.40 0.00 0.03 0.24 Nov 0.21 3 / 1.45 1.40 0.00 0.03 0.24 Bangladesh Oct 1.28 0.13 5.55 5.65 0.00 0.01 1.30 Nov 1.28 0.13 5.55 5.65 0.00 0.01 1.30 Vietnam Oct 0.85 3 / 4.85 4.65 0.00 0.00 1.06 Nov 0.85 3 / 4.85 4.65 0.00 0.00 1.06 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects co tton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks ba sed on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan , Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Be nin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. November 2015 WASDE - 547 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Domestic CrushDomestic TotalExports Ending Stocks World 2/ 56.19 283.15 111.71 241.28 275.73 112.64 62.68 United States 3.83 91.39 1.95 47.19 50.09 44.57 2.50 Total Foreign 52.36 191.76 109.76 194.09 225.64 68.07 60.18 Major Exporters 3/ 36.46 151.69 0.63 76.47 84.04 62.66 42.09 Argentina 20.96 53.50 0.00 36.17 40.57 7.84 26.05 Brazil 15.33 86.70 0.61 36.86 39.86 46.83 15.95 Paraguay 0.13 8.19 0.01 3.35 3.45 4.80 0.07 Major Importers 4/ 13.33 14.73 96.52 91.39 108.77 0.30 15.50 China 12.38 12.20 70.36 68.85 80.60 0.22 14.13 European Union 0.30 1.21 13.29 13.44 14.22 0.06 0.53 Japan 0.18 0.20 2.89 1.97 3.05 0.00 0.23 Mexico 0.10 0.24 3.84 4.03 4.07 0.00 0.12 2014/15 Est. Beginnin g Stock s Productio n Import sDomesti c CrushDomest i c Total Export s Endin g Stock s World 2/ 62.68 318.68 122.08 261.50 299.24 126.62 77.58 United States 2.50 106.88 0.90 50.98 54.91 50.17 5.21 Total Foreign 60.18 211.80 121.18 210.52 244.34 76.45 72.37 Major Exporters 3/ 42.09 168.21 0.33 83.94 92.15 68.91 49.56 Argentina 26.05 60.80 0.00 40.19 45.18 10.57 31.10 Brazil 15.95 96.20 0.31 39.90 42.95 51.11 18.39 Paraguay 0.07 8.10 0.01 3.65 3.75 4.38 0.06 Major Importers 4/ 15.50 15.57 105.60 98.57 116.64 0.30 19.73 China 14.13 12.35 78.35 74.50 86.70 0.14 17.98 European Union 0.53 1.81 13.55 14.10 14.94 0.12 0.83 Japan 0.23 0.23 2.95 2.12 3.19 0.00 0.21 Mexico 0.12 0.36 4.03 4.28 4.32 0.00 0.18 2015/16 Proj. Beginnin g Stock s Productio n Import s Domesti c CrushDomesti c TotalExport s Endin g Stock s World 2/ Oct 77.97 320.49 123.92 272.39 310.47 126.77 85.14 Nov 77.58 321.02 125.67 273.36 312.33 129.08 82.86 United States Oct 5.21 105.81 0.82 51.17 54.69 45.59 11.56 Nov 5.21 108.35 0.82 51.44 55.06 46.68 12.65 Total Foreign Oct 72.76 214.69 123.10 221.23 255.78 81.18 73.59 Nov 72.37 212.66 124.85 221.93 257.27 82.40 70.21 Major Exporters 3/ Oct 51.03 169.30 0.27 85.35 93.86 74.03 52.72 Nov 49.56 168.91 0.32 86.30 94.63 75.20 48.97 Argentina Oct 32.25 57.00 0.00 41.50 46.60 9.75 32.90 Nov 31.10 57.00 0.00 42.00 47.05 10.75 30.30 Brazil Oct 18.71 100.00 0.25 39.55 42.77 56.45 19.74 Nov 18.39 100.00 0.30 40.00 43.10 57.00 18.59 Paraguay Oct 0.06 8.80 0.01 4.10 4.20 4.60 0.06 Nov 0.06 8.80 0.01 4.10 4.20 4.60 0.06 Major Importers 4/ Oct 18.94 14.93 106.45 104.24 122.42 0.33 17.56 Nov 19.73 14.96 108.10 105.19 124.19 0.33 18.26 China Oct 17.55 11.50 79.00 79.50 91.70 0.20 16.15 Nov 17.98 11.50 80.50 80.25 93.20 0.20 16.58 European Union Oct 0.54 2.03 13.60 14.70 15.53 0.10 0.54 Nov 0.83 2.05 13.70 14.80 15.67 0.10 0.81 Japan Oct 0.21 0.22 2.90 2.02 3.10 0.00 0.23 Nov 0.21 0.22 2.90 2.02 3.10 0.00 0.23 Mexico Oct 0.18 0.36 4.05 4.35 4.39 0.00 0.20 Nov 0.18 0.36 4.05 4.35 4.39 0.00 0.20 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October-September year. 2/ World i mports and exports may not balance due to differences in local marke ting years and to time lags betw een reported exports and imports. Therefore, world supply may not equal world us e. 3/ Argentina, Brazil, Paraguay, and Ur uguay. 4/ China, European Union, Japan , Mexico, and Southeast Asia (inc ludes Indonesia, Malaysia, Philippi nes, Vietnam, and Thailand). November 2015 WASDE - 547 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 9.40 189.53 57.85 186.46 60.04 10.28 United States 0.25 36.91 0.35 26.81 10.47 0.23 Total Foreign 9.15 152.62 57.51 159.65 49.57 10.06 Major Exporters 3/ 6.70 63.07 0.03 20.80 41.66 7.34 Argentina 3.25 27.89 0.00 2.10 24.97 4.07 Brazil 3.10 28.54 0.03 14.65 13.95 3.07 India 0.35 6.64 0.01 4.05 2.74 0.20 Major Importers 4/ 1.00 14.55 33.85 47.72 0.36 1.33 European Union 0.12 10.61 18.15 28.44 0.30 0.15 Southeast Asia 5/ 0.79 2.44 13.72 15.90 0.06 1.00 2014/15 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 10.28 206.50 61.27 202.58 63.63 11.85 United States 0.23 40.88 0.30 29.24 11.93 0.24 Total Foreign 10.06 165.62 60.97 173.34 51.70 11.62 Major Exporters 3/ 7.34 67.44 0.03 22.26 44.01 8.54 Argentina 4.07 30.89 0.00 2.30 28.55 4.12 Brazil 3.07 30.87 0.02 15.25 14.39 4.32 India 0.20 5.68 0.01 4.71 1.08 0.10 Major Importers 4/ 1.33 15.55 36.39 51.42 0.43 1.42 European Union 0.15 11.14 19.65 30.34 0.36 0.23 Southeast Asia 5/ 1.00 2.81 15.04 17.75 0.07 1.03 2015/16 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Oct 12.12 214.63 63.98 213.17 65.84 11.72 Nov 11.85 215.37 64.00 213.73 66.15 11.35 United States Oct 0.27 40.48 0.30 30.21 10.57 0.27 Nov 0.24 40.70 0.30 30.21 10.75 0.27 Total Foreign Oct 11.85 174.14 63.69 182.96 55.27 11.44 Nov 11.62 174.67 63.71 183.52 55.40 11.07 Major Exporters 3/ Oct 8.69 69.75 0.03 23.12 47.10 8.25 Nov 8.54 69.38 0.03 23.07 46.90 7.98 Argentina Oct 4.56 32.18 0.00 2.50 30.20 4.04 Nov 4.12 32.58 0.00 2.50 30.60 3.60 Brazil Oct 4.03 30.61 0.02 15.40 15.20 4.06 Nov 4.32 30.96 0.02 15.40 15.60 4.30 India Oct 0.10 6.96 0.01 5.22 1.70 0.15 Nov 0.10 5.84 0.01 5.17 0.70 0.08 Major Importers 4/ Oct 1.46 16.03 38.40 53.95 0.48 1.47 Nov 1.42 16.18 38.40 54.19 0.48 1.34 European Union Oct 0.28 11.62 20.30 31.49 0.40 0.30 Nov 0.23 11.69 20.30 31.64 0.40 0.18 Southeast Asia 5/ Oct 1.03 2.89 16.25 19.10 0.08 0.99 Nov 1.03 2.96 16.25 19.19 0.08 0.98 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Japa n. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. November 2015 WASDE - 547 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 3.73 45.02 9.35 45.27 9.39 3.44 United States 0.75 9.13 0.08 8.58 0.85 0.53 Total Foreign 2.98 35.89 9.28 36.69 8.54 2.91 Major Exporters 3/ 0.86 16.41 0.34 10.40 6.24 0.96 Argentina 0.26 6.79 0.01 2.73 4.09 0.24 Brazil 0.40 7.07 0.00 5.71 1.38 0.39 European Union 0.20 2.55 0.33 1.97 0.78 0.34 Major Importers 4/ 1.41 14.22 4.59 18.68 0.22 1.32 China 1.02 12.34 1.35 13.66 0.09 0.96 India 0.25 1.48 1.83 3.30 0.00 0.26 North Africa 5/ 0.14 0.41 1.40 1.72 0.13 0.11 2014/15 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 3.44 48.81 10.17 47.92 10.96 3.54 United States 0.53 9.71 0.12 8.62 0.91 0.83 Total Foreign 2.91 39.10 10.05 39.31 10.05 2.71 Major Exporters 3/ 0.96 18.01 0.29 10.88 7.60 0.78 Argentina 0.24 7.68 0.02 2.60 5.09 0.25 Brazil 0.39 7.65 0.01 6.28 1.51 0.26 European Union 0.34 2.68 0.26 2.00 1.00 0.28 Major Importers 4/ 1.32 15.11 5.21 20.22 0.19 1.23 China 0.96 13.39 0.77 14.17 0.11 0.85 India 0.26 1.26 2.80 4.05 0.00 0.26 North Africa 5/ 0.11 0.47 1.64 2.00 0.09 0.12 2015/16 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Oct 3.43 50.80 10.37 50.00 11.08 3.52 Nov 3.54 51.01 10.53 49.97 11.39 3.72 United States Oct 0.74 9.86 0.10 8.87 0.91 0.92 Nov 0.83 9.91 0.08 8.73 1.04 1.04 Total Foreign Oct 2.70 40.94 10.27 41.13 10.17 2.60 Nov 2.71 41.10 10.45 41.23 10.34 2.68 Major Exporters 3/ Oct 0.83 18.25 0.18 10.94 7.54 0.77 Nov 0.78 18.46 0.18 10.96 7.71 0.75 Argentina Oct 0.32 7.86 0.02 2.66 5.20 0.33 Nov 0.25 7.96 0.02 2.59 5.35 0.28 Brazil Oct 0.25 7.59 0.01 6.28 1.39 0.19 Nov 0.26 7.68 0.01 6.37 1.39 0.20 European Union Oct 0.26 2.80 0.15 2.00 0.95 0.25 Nov 0.28 2.82 0.15 2.00 0.97 0.28 Major Importers 4/ Oct 1.19 16.27 5.43 21.62 0.22 1.05 Nov 1.23 16.15 5.63 21.66 0.22 1.13 China Oct 0.85 14.23 0.95 15.24 0.08 0.71 Nov 0.85 14.36 0.85 15.23 0.08 0.75 India Oct 0.26 1.54 2.85 4.40 0.00 0.25 Nov 0.26 1.29 3.15 4.45 0.00 0.25 North Africa 5/ Oct 0.09 0.50 1.63 1.99 0.14 0.09 Nov 0.12 0.50 1.63 1.98 0.14 0.13 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Brazil and European Uni on. 4/ China, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. November 2015 WASDE - 547 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Mea t 2/Broiler Turkey Total Poultry 3 /Red Meat & PoultryEgg Milk Million Pounds Mil doz Bil lbs 2014 IV 6,021 6,131 12,212 9,814 1, 517 11,459 23,671 2,139 51.0 Annual 24,252 22,843 47,345 38,550 5, 756 44,827 92,171 8,335 206.0 2015 I 5,664 6,161 11,883 9,717 1, 429 11,273 23,156 2,059 51.9 II 5,855 5,925 11,839 10,020 1, 389 11,541 23,380 1,968 53.7 III 6,066 5,957 12,080 10,370 1, 352 11,855 23,935 1,908 51.6 IV* 6,130 6,465 12,655 10,100 1, 400 11,625 24,280 1,980 51.4 Annual Oct Proj. 23,794 24,581 48,608 40,037 5, 543 46,094 94,702 7,917 208.9 Nov Proj. 23,715 24,508 48,457 40,207 5, 570 46,294 94,751 7,915 208.7 2016 I* 5,915 6,150 12,121 9,975 1, 350 11,450 23,571 1,975 53.2 II* 6,460 5,945 12,462 10,225 1, 500 11,865 24,327 2,005 54.4 III* 6,330 6,175 12,561 10,475 1, 550 12,165 24,726 2,049 52.7 Annual Oct Proj. 24,960 24,925 50,114 40,925 6, 010 47,475 97,589 8,141 213.0 Nov Proj. 24,850 24,925 50,004 40,975 6, 010 47,525 97,529 8,141 212.9 * Projection. 1/ Commercial produc tion for red meats; federally inspected for poultr y meats. 2/ Beef, pork, veal and lamb & mut ton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/Barrows and gilts 3/Broilers 4/Turkeys 5/Eggs 6/Milk 7/ Dol./cw t Dol./cw t Cents/lb. Cents/lb. Cents/doz. Dol./cw t 2014 IV 165.60 66.74 102.8 113.9 162.7 22.77 Annual 154.56 76.03 104.9 107.6 142.3 23.97 2015 I 162.43 48.47 97.0 99.6 146.9 17.00 II 158.11 53.20 104.2 108.5 170.3 16.70 III 144.22 54.59 83.7 126.4 235.7 16.93 IV* 130-134 46-48 72-74 132-136 196-202 17.50-17.80 Annual Oct Proj. 149.19 50.82 90.0 117.1 195.0 16.90-17.00 Nov Proj. 149.19 50.82 89.5 117.1 188.0 17.00-17.10 2016 I* 132-140 48-50 80-84 112-118 179-191 15.85-16.45 II* 138-150 50-54 81-87 110-120 158-172 15.35-16.25 III* 137-149 50-54 85-93 106-114 149-161 16.05-17.05 Annual Oct Proj. 136-147 47-50 84-91 110-119 164-178 16.05-16.95 Nov Proj. 136-147 47-50 83-89 110-118 161-174 15.95-16.85 *Projection. 1/ Simple average of months. 2/ 5-Area, Direct, Total all grades 3/ Na tional Base, Live equiv 51-52% lean. 4/ Whol esale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. November 2015 WASDE - 547 - 32 U.S. Meats Supply and Use Item Beginning stocksProduction 1/ ImportsTotal Supply ExportsEnding StocksTotal UsePer Capita 2/ 3/ Million Pounds /4 Beef 2014 584 24,320 2,947 27,850 2,573 591 24,687 54.1 2015 Proj. Oct 591 23,859 3,437 27,887 2,282 560 25,045 54.5 Nov 591 23,780 3,432 27,803 2,223 600 24,980 54.4 2016 Proj. Oct 560 25,024 3,045 28,629 2,425 560 25,644 55.4 Nov 600 24,914 3,045 28,559 2,425 560 25,574 55.3 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2014 618 22,861 1,008 24,486 4,857 560 19,070 46.4 2015 Proj. Oct 560 24,599 1,107 26,266 4,999 675 20,592 49.7 Nov 560 24,526 1,106 26,192 4,996 675 20,521 49.5 2016 Proj. Oct 675 24,943 1,000 26,618 5,225 650 20,743 49.7 Nov 675 24,943 1,000 26,618 5,225 650 20,743 49.7 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2014 1,230 47,441 4,149 52,820 7,436 1,191 44,194 101.7 2015 Proj. Oct 1,191 48,701 4,743 54,636 7,286 1,281 46,068 105.4 Nov 1,191 48,550 4,748 54,489 7,224 1,317 45,947 105.1 2016 Proj. Oct 1,281 50,207 4,235 55,723 7,661 1,247 46,815 106.3 Nov 1,317 50,097 4,235 55,649 7,661 1,250 46,738 106.1 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2014 669 38,137 117 38,923 7,301 680 30,942 83.3 2015 Proj. Oct 680 39,609 128 40,417 6,593 765 33,059 88.3 Nov 680 39,777 125 40,582 6,426 800 33,356 89.1 2016 Proj. Oct 765 40,487 116 41,368 7,100 685 33,583 89.1 Nov 800 40,537 116 41,453 6,975 695 33,783 89.6 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2014 237 5,756 29 6,022 805 193 5,023 15.7 2015 Proj. Oct 193 5,543 36 5,772 537 190 5,045 15.7 Nov 193 5,570 41 5,804 537 190 5,077 15.8 2016 Proj. Oct 190 6,010 36 6,236 740 250 5,246 16.2 Nov 190 6,010 36 6,236 740 250 5,246 16.2 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2014 912 44,414 148 45,474 8,216 877 36,381 100.3 2015 Proj. Oct 877 45,665 167 46,709 7,267 963 38,479 105.2 Nov 877 45,863 169 46,909 7,103 1,000 38,806 106.1 2016 Proj. Oct 963 47,037 154 48,154 7,976 939 39,239 106.5 Nov 1,000 47,086 154 48,240 7,851 950 39,439 107.1 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2014 2,142 91,855 4,297 98,294 15,652 2,067 80,574 202.0 2015 Proj. Oct 2,067 94,366 4,911 101,344 14,553 2,244 84,547 210.6 Nov 2,067 94,414 4,917 101,398 14,327 2,317 84,754 211.2 2016 Proj. Oct 2,244 97,243 4,389 103,876 15,637 2,186 86,053 212.8 Nov 2,317 97,183 4,389 103,889 15,512 2,200 86,177 213.2 1/ Total including farm production for red meats and, for pou ltry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis for red meat and broilers; certified ready-to-cook weight for turkey. 3/ Population source: Dept. of Commerce, Ce nsus Bureau. 4/ Carcass weight for re d meats and certified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutt on. 6/ Broilers, turkeys and mature chicken. November 2015 WASDE - 547 - 33 U.S. Egg Supply and Use Commodity 2013 2014 2015 Proj. 2015 Proj. 2016 Proj. 2016 Proj. Oct Nov Oct Nov Eggs Million Dozen Supply Beginning Stocks 20.8 23.0 23.3 23.3 21.0 23.0 Production 8,144.6 8,334.8 7,917.0 7 ,915.0 8,141.0 8,141.0 Imports 16.9 34.7 64.8 80.9 48.0 71.0 Total Supply 8,182.3 8,392.4 8,005.1 8 ,019.2 8,210.0 8,235.0 Use Exports 371.8 393.8 321.7 323.2 350.0 350.0 Hatching Use 964.8 980.7 1,004.3 993.2 1,020.0 1,005.0 Ending Stocks 23.0 23.3 21.0 23.0 21.0 22.0 Disappearance Total 6,822.6 6,994.6 6,658.1 6 ,679.8 6,819.0 6,858.0 Per Capita (number) 258.4 263.0 248.5 249.3 252.6 254.1 Total U.S. Milk Supply and Use Commodity 2013 2014 2015 Proj. 2015 Proj. 2016 Proj. 2016 Proj. Oct Nov Oct Nov Milk Billion Pounds Production 201.2 206.0 208.9 208.7 213.0 212.9 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 12.2 11.2 11.2 11.2 12.2 12.4 Marketings 200.3 205.1 207.9 207.7 212.1 212.0 Imports 3.7 4.3 6.0 5.9 5.9 5.8 Total Cml. Supply 216.2 220.6 225.1 224.8 230.1 230.2 Fat Basis Use Commercial Exports 12.4 12.4 9.0 8.8 10.0 9.4 Ending Commercial Stocks 11.2 11.2 12.2 12.4 12.1 12.2 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 192.6 196.9 204.0 203.6 208.0 208.6 Skim-solid Basis Supply Beg. Commercial Stocks 12.4 11.7 13.1 13.1 13.4 13.4 Marketings 200.3 205.1 207.9 207.7 212.1 212.0 Imports 5.3 5.6 6.4 6.0 6.3 6.1 Total Cml. Supply 217.9 222.4 227.4 226.8 231.8 231.5 Skim-solid Basis Use Commercial Exports 38.6 39.1 38.3 37.8 39.5 39.5 Ending Commercial Stocks 11.7 13.1 13.4 13.4 13.5 13.6 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 167.7 170.2 175.7 175.6 178.8 178.4 Total Note: Totals may not add due to rounding. November 2015 WASDE - 547 - 34 U.S. Dairy Prices Commodity 2013 2014 2015 Proj. 2015 Proj. 2016 Proj. 2016 Proj. Oct Nov Oct Nov Product Prices 1/ Dollars Pe r Pound Cheese 1.7683 2.1551 1.665- 1.6751.645- 1.6551.600- 1.6901.595- 1.685 Butter 1.5451 2.1361 1.920- 1.9502.005- 2.0351.840- 1.9601.835- 1.955 Nonfat Dry Milk 1.7066 1.7682 0.910- 0.9300.900- 0.9200.960- 1.0300.955- 1.025 Dry Whey 0.5902 0.6538 0.375- 0.3850.375- 0.3850.280- 0.3100.280- 0.310 Filler Dollars Pe r Cwt Milk Prices 2/ Class III 17.99 22.34 15.90- 16.0015.75- 15.8514.75- 15.6514.70- 15.60 Class IV 19.05 22.09 13.85- 14.0514.10- 14.3013.95- 14.9513.85- 14.85 All Milk 3/ 20.05 23.97 16.90- 17.0017.00- 17.1016.05- 16.9515.95- 16.85 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are th e simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not re flect any deductions from producers as authorized by legislation. November 2015 WASDE - 547 - 35 Reliability of November Projections 1/ Note: Tables on pages 35-37 present a record of the November projection and the fina l Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 1.2 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 2.1 percent. The average difference between the November projection and the final estimate is 5.5 mi llion tons, ranging from 0.1 million to 18.1 million tons. The November projection has been be low the estimate 25 times and above 9 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final WHEAT Percen t Million Metric Tons Production Worl d 1.2 2.1 5.5 0.1 18.1 25 9 U.S. 0.4 0.7 0.2 0.0 1.2 16 11 Forei gn 1.4 2.4 5.5 0.0 18.2 25 9 Exports Worl d 5.8 9.8 5.9 0.2 19.2 28 6 U.S. 7.5 12.6 2.0 0.2 8.6 16 18 Forei gn 7.1 12.1 5.8 0.3 17.2 30 4 Domestic Use Worl d 1.4 2.4 5.9 0.0 18.8 21 12 U.S. 6.0 10.1 1.6 0.1 3.6 11 23 Forei gn 1.4 2.5 6.1 0.5 21.1 24 10 Endin g Stocks Worl d 6.4 10.9 7.7 0.9 23.1 25 9 U.S. 11.5 19.5 2.0 0.2 7.0 20 14 Forei gn 6.6 11.2 6.5 0.8 22.7 25 9 COARSE GRAINS 2/ Production Worl d 1.5 2.6 11.8 0.2 29.0 27 7 U.S. 1.4 2.3 2.4 0.0 7.5 18 16 Forei gn 2.1 3.6 11.8 0.2 28.2 27 7 Exports Worl d 6.9 11.7 6.6 0.1 29.7 23 11 U.S. 16.4 27.8 5.9 0.4 14.7 16 18 Forei gn 12.6 21.5 6.7 0.6 23.5 23 11 Domestic Use Worl d 1.3 2.2 9.9 0.2 23.3 20 14 U.S. 3.8 6.5 5.4 0.2 17.2 18 16 Forei gn 1.5 2.5 8.6 0.3 26.5 22 12 Endin g Stocks Worl d 13.1 22.3 13.5 0.3 39.6 29 5 U.S. 21.3 36.1 8.0 0.6 23.9 20 14 Forei gn 17.1 29.1 11.7 0.2 31.1 30 4 RICE , mille d Production Worl d 2.2 3.7 5.9 0.1 16.8 29 5 U.S. 2.9 5.0 0.1 0.0 0.5 17 15 Forei gn 2.2 3.8 5.9 0.2 16.9 29 5 Exports Worl d 9.4 16.0 1.6 0.1 6.0 28 6 U.S. 9.3 15.8 0.2 0.0 0.7 18 13 Forei gn 10.8 18.3 1.6 0.0 6.0 26 8 Domestic Use Worl d 1.7 2.9 3.8 0.1 17.5 28 6 U.S. 8.0 13.6 0.2 0.0 0.6 17 17 Forei gn 1.7 2.9 3.9 0.0 17.7 29 5 Endin g Stocks Worl d 10.5 17.8 4.5 0.1 15.9 27 7 U.S. 23.4 39.8 0.2 0.0 0.8 21 13 Forei gn 11.0 18.6 4.5 0.1 15.4 27 7 1/ Footnotes at end of table . CONTINUED November 2015 WASDE - 547 - 36 Reliability of November Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final SOYBEANS Percent Million Metric Tons Production World 4.1 6.9 5.5 0.1 25.1 21 13 U.S. 2.2 3.7 1.1 0.1 4.2 15 19 Foreign 6.8 11.5 5.5 0.0 26.4 19 15 Exports World 7.5 12.8 3.2 0.0 13.4 21 13 U.S. 10.3 17.5 2.2 0.1 7.1 22 12 Foreign 19.2 32.5 2.7 0.1 11.7 17 17 Domestic Use World 3.0 5.1 4.0 0.0 14.2 20 14 U.S. 3.8 6.4 1.3 0.0 3.8 24 10 Foreign 3.7 6.3 3.7 0.2 12.8 20 14 Ending Stocks World 17.0 28.8 4.2 0.0 18.4 20 14 U.S. 44.7 75.8 2.1 0.1 7.0 8 26 Foreign 18.0 30.5 3.7 0.4 12.8 21 13 COTTON Million 480-Pound Bales Production World 3.3 5.7 2.4 0.1 8.7 22 12 U.S. 2.9 4.9 0.4 0.0 0.9 18 15 Foreign 4.0 6.7 2.3 0.1 8.0 22 12 Exports World 8.1 13.7 2.1 0.1 10.3 21 13 U.S. 17.7 30.0 1.0 0.1 3.2 21 13 Foreign 10.7 18.1 1.6 0.0 8.9 17 16 Domestic Use World 3.5 5.9 2.6 0.0 11.1 16 17 U.S. 7.3 12.4 0.3 0.0 1.1 19 15 Foreign 3.5 6.0 2.5 0.3 10.6 17 17 Ending Stocks World 12.3 20.8 4.5 0.3 14.6 22 12 U.S. 30.8 52.3 1.1 0.1 3.5 11 23 Foreign 13.2 22.3 4.3 0.0 15.1 24 10 1/ Marketing years 1981/82 through 2014/15 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the ma rketing year for 1981/82 through 2013/14, and for 2014/15 last month's estimate. 2/ Includes corn, sorghum , barley, oats, rye, millet, and mixed grain. November 2015 WASDE - 547 - 37 Reliability of United States November Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final CORN Percent Million Bushels Production 1.4 2.3 89 0 250 18 15 Exports 16.9 28.7 205 9 575 15 19 Domestic Use 4.1 6.9 209 3 574 22 12 Ending Stocks 24.2 41.0 315 17 986 18 16 SORGHUM Production 4 . 3 7 . 31 5 15 31 61 8 Exports 20.7 35.1 34 0 123 20 13 Domestic Use 19.2 32.6 36 0 127 16 17 Ending Stocks 47.7 81.0 26 2 104 12 22 BARLEY Production 1.5 2.6 4 0 24 13 10 Exports 32.1 54.5 10 0 37 14 17 Domestic Use 6.9 11.7 17 0 70 13 20 Ending Stocks 13.1 22.2 13 0 38 22 10 OATS Production 1 . 2 2 . 020 1 879 Exports 75.9 128.8 1078 1 0 Domestic Use 5 . 0 8 . 51 2 13 91 51 9 Ending Stocks 21.4 36.2 15 1 52 22 12 SOYBEAN MEAL Thousand Short Tons Production 3.7 6.2 1,058 14 3,250 23 11 Exports 11.9 20.2 722 0 3,600 19 13 Domestic Use 3.5 6.0 752 30 2,350 16 18 Ending Stocks 29.6 50.3 47 0 249 13 13 SOYBEAN OIL Million Pounds Production 4.0 6.8 528 40 2,240 24 10 Exports 29.8 50.6 359 0 1,425 18 15 Domestic Use 3.9 6.6 440 56 1,828 22 12 Ending Stocks 23.6 40.1 346 0 1,077 18 15 ANIMAL PROD. 3/ Million Pounds Beef 3.9 6.6 810 92 2,461 23 10 Pork 3.4 5.7 442 2 1,592 20 13 Broilers 1.9 3.3 428 17 1,394 21 12 Turkeys 3.5 6.0 140 2 444 20 13 Million Dozen Eggs 1.9 3.3 100 2 513 22 11 Billion Pounds Milk 1.6 2.7 1.9 0.0 6.0 18 13 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2014/15 for grains, soybeans, and cotton. Final for grai ns, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2013/14, and for 2014/15 last month's estimate. Calendar years 1983 through 2014 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1983-2014. WASDE-547-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Forei gn Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at http://www.fas.usda.gov/psd/online . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric-Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 . New WASDE Notification System Beginning with the December 9, 2015 issue, subscribers will be notified through GovDelivery when the monthly World Agricultural Supply and Demand Estimates (WASDE ) report is available. This replaces the current system, with notifications sent by Cornell University. New WASDE notification system highlights:  There is no need to re-subscribe (current privacy protections will be maintained)  Cornell will maintain the WASDE archives, including new reports at http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1194 To ensure delivery, it is suggested you add the GovD elivery address to your address book to prevent the email from going to ‘junk or spam email’. For questions contact: Susan Carter at 202-720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE-547 – November 10, 2015 Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e-mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu . Select the “Reports by E-Mail” bar to sign up. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250-9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554-9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 542 Approved by the World Agricultural Outlook Board June 10, 2015 Note: Because planting is still underway in the Northern Hemisphere and remains several months away in the Southern Hemisphere, these projections are highly tentative. National Agricultural Statistics Service (NASS) forecasts are used for U.S. winter wheat area, yield, and production. For other U.S. crops, methods used to project acreage and yield are noted on each table. WHEAT: Projected U.S. wheat supplies for 2015/ 16 are raised this month on both increased beginning stocks and larger winter wheat producti on. Beginning stocks are higher with a 5- million-bushel reduction in 2014/15 exports partly offset by a 2-million-bushel reduction in imports. Projected production for 2015/16 is up 34 million bushels mainly on improved prospects for the Hard Red Winter wheat crop in the Central Plains following the late season rains. However, early harvest reports indicate that some areas receiving excessive rainfall have lodging and increased disease pressure. Feed use for 2015/16 is raised 15 million bushels to 195 million, and ending stocks increas ed 21 million bushels to 814 million. These would be the largest ending stocks since the 2010/11. The season-average farm price is reduced $0.10 per bushel on both ends to $4.40 to $5.40. Global wheat supplies for 2015/16 are raised 2.1 m illion tons as a 2.6-million-ton increase in production is partly offset by a 0.6-million-t on reduction in beginning stocks. Production is raised 1.5 million tons for Russia and 1.0 milli on tons for Ukraine on improved spring rains following last autumn’s drought. The EU crop is raised 0.4 million tons on good growing conditions in United Kingdom and France. Partially offsetting is a 0.5-million-ton reduction in Argentina, and 0.3-million-ton reduc tions each for Algeria and Tunisia. Beginning stocks are reduced 0.7 million tons each for Iran, Russi a, and Syria on trade changes for the 2014/15 crop year. The largest beginning stocks increase is 0.5 million tons for Argentina on lower 2014/15 exports. Beginning stocks for 2015/16 are raised 0.2 million tons each for Bangladesh, EU, Morocco, Philippines, and Thailand. Global wheat trade and consumption for 2015/16 ar e raised with larger foreign supplies. Imports are raised 0.5 million tons for EU on lar ge supplies in Ukraine, and 0.3 million tons for Algeria on a smaller crop. Imports are rais ed 0.2 million tons each for Egypt, Tunisia, Thailand, and Yemen. World wheat exports are raised 1.5 million tons with Russia and Ukraine each raised 1.0 million tons on larger cr ops. Partially offsetting is a 0.5-million-ton reduction for Argentina. Foreign consumption is raised 2.6 million tons with almost all of it on higher feeding. Feeding is raised 1.0 million tons in EU, 0.5 million tons in Russia, and 0.4 million tons in Thailand. At 202.4 million tons, global stocks are down 0.9 million tons from last month but still the la rgest since 2009/10. COARSE GRAINS: The outlook for 2015/16 U.S. feed grai n supplies is raised slightly this month with increases in corn and oats beginning stocks outweighing a decline for barley. Projected corn production for 2015/16 is unchanged at 13,630 million bushels, 4 percent below WASDE-542-2 last year’s record level. Corn beginning st ocks for 2015/16 are raised with a 25-million-bushel reduction in 2014/15 forecast corn use in ethanol production based on data reported in the Grain Crushings and Co-Products Production report through April. Corn ending stocks for 2015/16 are projected at 1,771 million bushels, up 25 million bushels, the same as for beginning stocks. The range for the 2015/16 s eason-average farm price is unchanged at $3.20 to $3.80 per bushel, compared with the 2014/15 range of $3.55 to $3.75 per bushel, which is also unchanged this month. Changes to 2015/16 oats and barley beginning stocks and supplies reflect 2014/15 changes to forecast trade. Oats imports for 2014/15 are ra ised 2 million bushels on the latest indications of trade. Barley exports for 2014/15 are pr ojected 400,000 bushels larger also based on the latest indications. Farm price projections for sorghum, barley, and oats are all unchanged this month for 2014/15 and 2015/16. Foreign coarse grain supplies for 2015/16 are proj ected up 2.8 million tons, mostly reflecting larger 2014/15 production and carryout for Brazil. Brazil corn production for 2014/15 is raised 3 million tons to a near-record 81.0 million with hi gher area reported for the second or safrinha crop that will be harvested over the coming months. Yields are also projected higher reflecting extended rainfall through May, well beyond the norma l end of the rainy season in central west Brazil. Global corn production for 2015/16 is pr ojected down 0.5 million tons with reductions for Zambia, Nepal, Zimbabwe, and EU more t han offsetting a 1.0-million-ton increase for Russia. Russia 2015/16 corn production is raised 1.0 million tons on a higher area and yield. Planting progress data indicate a year-to-year in crease in seeded area, which is also reflected in higher year-to-year imports of agricultural c hemicals. While hybrid seed imports have been reported down from last year, these imports have also been stronger than expected as corn remained a favorable alternative compared with other spring crops. Global 2015/16 coarse grain consumption is rais ed slightly supported by higher expected corn trade. Foreign corn exports are raised for 2015/ 16 with a 1.0-million-ton increase for Russia as higher production makes the country’s corn supplie s very competitive in the Middle East and North Africa. Corn exports are raised 0.3 million tons for Zambia, despite this month’s lowered production outlook, as demand for imported corn, es pecially white corn, soars in the region with crop shortfalls in Zimbabwe and South Africa . Global corn ending stocks for 2015/16 are projected 3.3 million tons higher mostly on t he higher stocks expected for Brazil. Small reductions in corn stocks for Russia and EU offset most of the increase projected this month for the United States. RICE: U.S. rice 2015/16 supply and use balance sheet s are little changed from last month. All rice beginning stocks are raised 2.5 million cwt with long-grain rice stocks raised 0.5 million, and medium- and short-grain stocks raised 2.0 milli on. All rice imports are raised 0.5 million cwt to 25.0 million (all long-grain), up 2 perc ent from revised 2014/15. Medium- and short- grain exports are raised 2.0 million cwt to 34.0 million as a large outstanding sales balance to Northeast Asia in 2014/15 will likely be shipped in 2015/16. The large balance was caused in part due to work slowdowns and stoppages at ports along the West Coast earlier this year. This labor dispute has since been resolved, but a large backlog at the ports still exists. Additionally, Turkey has not accepted some U.S. medium-grain rice shipments in 2014/15 for phytosanitary reasons in recent months. T he long-grain export projection is unchanged at 76.0 million cwt, but up 4 percent from the previ ous year. Long-grain ending stocks for 2015/16 are raised 1.0 million cwt to 35.1 million, up 23 percent from 2014/15, and the largest since WASDE-542-3 2010/11. Medium- and short-grain ending stocks are forecast at 11.0 million cwt, unchanged from last month, but 24 percent below the previous year’s revised estimate. The U.S. 2015/16 long-grain rice season-average fa rm price is projected at $10.00 to $11.00 per cwt, unchanged from last month compared to $11. 90 to $12.10 for the previous year. The combined medium- and short-grain price is unchanged at $17.80 to $18.80 per cwt compared to $17.80 to $18.20 for the year earlier. The 2015/ 16 all rice price is projected at $12.30 to $13.30 per cwt, compared to $13.20 to $13.60 per cwt for 2014/15. The California and Other States medium-and short-grain pric es are unchanged from last month. Global 2015/16 rice supply and use is little changed from a month ago. Global rice production is projected at a record 481.7 million tons, 0.4 m illion below a month ago. Brazil’s rice crop is forecast at 8.0 million tons, down 0.3 million from last month, a re sult of a reduction in area. This crop will not be planted until October-Decem ber 2015. The change is based mostly on a reduction in the 2014/15 rice crop based on recent estimates from the government of Brazil. Global consumption is nearly unchanged at a re cord 489.0 million tons. Global 2015/16 trade (imports and exports) are also nearly unchanged fr om a month ago. World export projections are raised slightly for Guyana and the United Stat es. Global ending stocks are forecast at 91.4 million tons, down slightly from last month, down 7.2 million from the previous year, and the smallest stocks since 2007/08. The global stocks- to-use ratio at 18.7 percent is unchanged from a month ago, but down 1.7 points from the previous year , and the lowest since 2006/07. OILSEEDS: This month’s U.S. soybean supply and use projections for 2015/16 include lower beginning stocks, slightly higher crush, and lower ending stocks. Lower beginning stocks reflect higher crush and export projections fo r 2014/15. Soybean crush for 2014/15 is raised 10 million bushels to 1,815 million reflecting an in crease in projected soybean meal domestic disappearance which is partly offset by reduc ed exports of soybean meal. Higher soybean meal domestic disappearance reflects stronger-t han-expected use for the marketing year to date. Soybean exports are projected at 1,810 million bushels, up 10 million reflecting outstanding sales and shipments through May. Soybean ending stocks for 2014/15 are projected at 330 million bushels, down 20 million from last mont h. Ending stocks for 2015/16 are reduced 25 million bushels to 475 million. The 2015/16 season-average price for soybeans is projected at $8.25 to $9.75 per bushel, unchanged from last month. Soybean meal pr ices are also unchanged at $305 to $345 per short ton. Soybean oil prices are projected at 30.5 to 33.5 cents per pound, up 1 cent at the midpoint. Global oilseed production for 2015/16 is projected at 531.9 million tons, up 0. 7 million from last month. Soybean production for Russia is rais ed on higher area projections based on reported planting progress to date. Rapeseed production for EU is raised 0.5 million tons to 22.1 million on improved yield prospects. Other changes include increased soybean production for EU and reduced rapeseed production for Ukraine. Argenti na soybean production for 2014/15 is raised 1 million tons to 59.5 million ma inly on increased harvested area. Global soybean supply and use changes include increased crush and lower stocks for both 2014/15 and 2015/16. Brazil’s soybean crush, m eal production, and domestic disappearance for 2014/15 are raised based on recently released offi cial data. With the lower stocks in Brazil WASDE-542-4 only partly offset by higher stocks in Argent ina, global soybean stocks for 2015/16 are projected at 93.2 million tons, dow n 3.0 million from last month. SUGAR: U.S. sugar beginning stocks for 2015/16 are increased by 200,523 short tons, raw value (STRV) due to changes made in the 2014/ 15 supply and use balances of greater early beet sugar production (33,480) from the 2015/ 16 sugarbeet crop, reduced tariff-rate quota shortfall (58,103), and reduced deliveries for human consumption (108,940). U.S. beet sugar production for 2015/16 is fore cast at 5.040 million STRV, an increase of 269,569 and based on analysis of early planting and favorable weather, and also consistent with beet processors’ forecasts published in USDA’s Sweetener Market Data . There is no change to cane sugar production for 2015/16. Impor ts for 2015/16 are forecast at 3.215 million STRV, a reduction of 595,053. This reducti on results from lower expected 2015/16 sugar exports from Mexico to the United States based on the implied Target Q uantity of U.S. Sugar Needs defined in the CVD Suspension Agreement of December 19, 2014, assuming a 2015/16 specialty sugar quota equal to the quota for 2014/ 15. All other 2015/16 import projections (including the tariff-rate quota shortfall) are unchanged. For 2015/16, U.S. deliveries for human cons umption are lowered 110,098 STRV to 11.875 million. The same year-over-year percentage in crease from last month (1.06 percent) is applied to the updated 2014/15 deliveries estimate of 11.750 million to arrive at the updated projection for June. Ending stocks are forecast as the difference between total supply and use. The forecast is 1.533 million STRV, implying an ending stocks-to-use ratio of 12.6 percent. LIVESTOCK, POULTRY, AND DAIRY: The forecast for total meat production in 2015 is lower than last month, but higher for 2016. Beef production for 2015 is lowered as fed cattle slaughter in the second quarter is reduced and co w and bull slaughter is expected lower during the year. However, placements of cattle in la te 2015 are expected to be higher as forage supplies in much of the country have impr oved and the slaughter of these cattle in 2016 supports an increase in the 2016 production forecast. Pork production for 2015 is raised due to higher-than-expected second-quarter slaughter. USDA’s Quarterly Hogs and Pigs report will be released on June 26 and provide an indication of producer farrowing intentions for the remainder of 2015. Broiler production for 2015 and 2016 is raised from last month based on hatchery data. Turkey production is r educed for both 2015 and 2016 as Highly Pathogenic Avian Influenza (HPAI) has significantly affected supplies of turkeys and the expected pace of flock recovery results in a reduced 2016 production forecast. Egg production for 2015 and 2016 is also lowered as HPAI has impacted the la ying flock, and the forecast into 2016 reflects the expected speed at which the flock can be rebuilt. Forecasts for 2015 and 2016 beef imports are raised as demand for processing grade beef remains strong; no change is made to the export fo recast. Pork imports for 2015 are reduced, but exports are higher based on the pace of trade to date. No change is made to 2016 pork trade. Broiler exports for 2015 are lower ed as demand has been below expectations; no change is made to 2016. Turkey exports ar e reduced for both 2015 and 2016 as supplies are tightened by HPAI. Cattle prices for 2015 are reduced from last month on prices to date and the forecast for 2016 is reduced on expected larger supplies of fed cattle. Hog prices are higher in 2015 but WASDE-542-5 unchanged for 2016. Broiler prices are unchanged as continued strong domestic demand is expected to absorb increased supplies of broiler meat. Turkey and egg prices for 2015 and 2016 are raised from last month on tighter supplies. Milk production forecasts for 2015 and 2016 are raised from last month on gains in output per cow. The fat basis export forecast for 2015 is raised on higher cheese exports. Skim solids exports for both 2015 and 2016 are raised on larger exports of nonfat dry milk (NDM). Fat basis imports are raised for both 2015 and 2016 on expectations of strong demand for imported cheese. Butter, NDM, and whey prices for 2015 are forecast lower on relatively abundant supplies of those products. The cheese price forecast is raised on strong demand. NDM and whey prices are reduced for 2016. The 2016 butter price range is narrowed. The Class III price forecast is raised for 2015 on stronger cheese prices but reduced for 2016 on lower whey prices. Class IV prices for 2015 and 2016 are lowered on weaker product prices. The all milk price is forecast at $17.15 to $17.55 per cwt for 2015 and $17.45 to $18.45 per cwt for 2016. COTTON: The 2015/16 U.S. cotton supply and demand projections are unchanged from last month. The 2014/15 U.S. balance sheet is also unchanged, except that the estimated marketing year average price received by produc ers is raised 0.5 cents to 60.5 cents per pound. The 2015/16 world cotton supply and demand projections reflect very slight revisions, mainly marginal decreases in beginning and ending stocks. The lower stocks result from changes made in 2014/15, including a combination of lo wer production in India, which is based on arrivals at gins, and slightly higher India exports . Reduced stocks in India are partially offset by higher estimated stocks in China, owing to a 300,000-bale increase in estimated imports to 8.0 million bales. Minor historical revisions are made to the balance sheets for Zambia and Zimbabwe. Approved by the Secretary of Agriculture and t he Chairman of the World Agricultural Outlook Board, Seth D. Meyer, (202) 720-6030. Th is report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: KARIS T. GUTTER SECRETARY OF AGRICULTURE DESIGNATE WASDE-542-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Jerry Norton, ICEC Chair, WAOB, E-mail : [email protected] Gary Vocke, ERS; Teresa McKeivier, FAS; Tom Tice, FSA. Rice: Andrew C. Aaronson, ICEC Chair, WAOB, E-mail : [email protected] Nathan Childs, ERS; Yoonhee Macke, FAS; Mark Simone, FSA. Feed Grains: Jerry Norton, IC EC Chair, WAOB, E-mail : [email protected] Thomas Capehart, ERS; Richard O’M eara, FAS; Pete Riley, FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail : [email protected] Mark Ash, ERS; Bill George , FAS; Phil Sronce, FSA. Cotton: Carol Skelly, ICEC Chair, WAOB, E-mail : [email protected] Darryl Earnest, AMS; Leslie Meyer, ERS; Ja mes Johnson, FAS; Tiffany Arthur, FSA. Sugar: Stephen Haley, ICEC Chair, WAOB, E-mail : [email protected] Michael McConnell, ERS; Ron Lord, FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Sherry Wise, AMS; Kenneth Mathews, ERS; Cla ire Mezoughem, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Larry Haller, AMS; David Harvey, ERS; J oanna Hitchner, FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Uthra Raghunathan, AMS; Jerry Cessna, ERS; P aul Kiendl, FAS; Milton Madison, FSA. In 2015, the WASDE report will be released on Jan. 12, Feb. 10, Mar. 10, Apr. 9, May 12, Jun. 10, Jul. 10, Aug. 12, Sep. 11, Oct. 9, Nov. 10, Dec. 9. WASDE-542-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................... 1 Interagency Commodity Estimates Committees ..................................................... 6 World & U.S. Supply & Use for Grains ................................................................... 8 World & U.S. Supply & Use for Cotton ................................................................... 9 World & U.S. Supply & Use for Oilseeds ............................................................. 10 U.S. Wheat Supply & Use .................................................................................... 11 U.S. Wheat Supply & Use by Class ..................................................................... 11 U.S. Feed Grain & Corn Supply & Use ................................................................ 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13 U.S. Rice Supply & Use ....................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................ 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ............................................................................. 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use ................................................................................. 18 World Coarse Grains Supply & Use ..................................................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use..................................................................................... 24 World Cotton Supply & Use ................................................................................. 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ..................................................................... 29 World Soybean Oil Supply & Use ........................................................................ 30 U.S. Quarterly Animal Product Production ........................................................... 31 U.S. Quarterly Prices for Animal Products ........................................................... 31 U.S. Meats Supply and Use ................................................................................. 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use .................................................................................... 33 U.S. Dairy Prices ................................................................................................. 34 Reliability Tables ................................................................................................. 35 Related USDA Reports ........................................................................................ 38 Metric Conversion Factors ................................................................................... 38 Electronic Access and Subscriptions ....................................................................... 40 June 2015 WASDE - 542 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World OutputTotal Supply Trade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2013/14 2476.66 2932.43 372.07 2423.35 509.08 2014/15 (Est.) 2490.98 3000.06 372.37 2468.40 531.66 filler filler filler filler filler 2015/16 (Proj.) May 2478.35 3005.54 357.78 2486.28 519.26 2015/16 (Proj.) Jun 2479.30 3010.96 360.65 2489.78 521.18 filler filler filler filler filler Wheat 2013/14 716.82 893.73 165.92 703.76 189.98 2014/15 (Est.) 726.32 916.30 163.85 715.89 200.41 filler filler filler filler filler 2015/16 (Proj.) May 718.93 919.90 156.95 716.59 203.32 2015/16 (Proj.) Jun 721.55 921.96 158.41 719.56 202.40 filler filler filler filler filler Coarse Grains 5/ 2013/14 1281.65 1449.87 164.43 1238.10 211.77 2014/15 (Est.) 1288.54 1500.30 164.90 1267.73 232.57 filler filler filler filler filler 2015/16 (Proj.) May 1277.31 1505.12 158.44 1280.71 224.41 2015/16 (Proj.) Jun 1276.00 1508.58 159.74 1281.23 227.35 filler filler filler filler filler Rice, milled 2013/14 478.19 588.83 41.72 481.50 107.33 2014/15 (Est.) 476.13 583.46 43.62 484.78 98.68 filler filler filler filler filler 2015/16 (Proj.) May 482.10 580.52 42.40 488.98 91.54 2015/16 (Proj.) Jun 481.74 580.43 42.51 488.99 91.44 filler filler filler filler filler United States Output Total SupplyTrade 2 /Total Use 3/Ending Stocks Total Grains 4/ 2013/14 431.31 484.09 89.42 343.27 51.40 2014/15 (Est.) 439.32 498.81 82.15 345.48 71.19 filler filler filler filler filler 2015/16 (Proj.) May 426.58 504.67 85.63 348.96 70.08 2015/16 (Proj.) Jun 427.48 506.40 85.69 349.37 71.35 filler filler filler filler filler Wheat 2013/14 58.11 82.23 32.01 34.15 16.07 2014/15 (Est.) 55.13 75.22 23.27 32.57 19.39 filler filler filler filler filler 2015/16 (Proj.) May 56.81 79.93 25.17 33.18 21.58 2015/16 (Proj.) Jun 57.72 80.92 25.17 33.58 22.16 filler filler filler filler filler Coarse Grains 5/ 2013/14 367.09 393.85 54.42 305.11 34.31 2014/15 (Est.) 377.12 414.72 55.58 308.79 50.35 filler filler filler filler filler 2015/16 (Proj.) May 362.81 415.64 57.03 311.61 47.00 2015/16 (Proj.) Jun 362.81 416.29 57.03 311.61 47.65 filler filler filler filler filler Rice, milled 2013/14 6.12 8.01 2.99 4.00 1.03 2014/15 (Est.) 7.07 8.87 3.29 4.13 1.45 filler filler filler filler filler 2015/16 (Proj.) May 6.95 9.10 3.43 4.17 1.50 2015/16 (Proj.) Jun 6.95 9.20 3.49 4.17 1.54 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). June 2015 WASDE - 542 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ OutputTotal Supply Trade 2 /Total UseEnding Stocks Total Grains 4/ 2013/14 2,045.35 2,448.34 282.65 2,080.09 457.67 2014/15 (Est.) 2,051.66 2,501.24 290.22 2,122.92 460.47 filler filler filler filler filler 2015/16 (Proj.) May 2,051.77 2,500.88 272.15 2,137.32 449.18 2015/16 (Proj.) Jun 2,051.82 2,504.55 274.96 2,140.41 449.84 filler filler filler filler filler Wheat 2013/14 658.72 811.50 133.90 669.60 173.91 2014/15 (Est.) 671.19 841.07 140.58 683.33 181.02 filler filler filler filler filler 2015/16 (Proj.) May 662.12 839.97 131.77 683.41 181.74 2015/16 (Proj.) Jun 663.84 841.04 133.23 685.97 180.24 filler filler filler filler filler Coarse Grains 5/ 2013/14 914.56 1,056.02 110.01 932.99 177.46 2014/15 (Est.) 911.41 1,085.58 109.31 958.95 182.22 filler filler filler filler filler 2015/16 (Proj.) May 914.50 1,089.49 101.41 969.10 177.41 2015/16 (Proj.) Jun 913.19 1,092.29 102.71 969.62 179.69 filler filler filler filler filler Rice, milled 2013/14 472.07 580.82 38.73 477.50 106.31 2014/15 (Est.) 469.06 574.59 40.32 480.65 97.23 filler filler filler filler filler 2015/16 (Proj.) May 475.15 571.42 38.97 484.81 90.03 2015/16 (Proj.) Jun 474.79 571.23 39.02 484.82 89.90 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world mi nus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales OutputTotal Supply Trade 2 /Total Use 3 /Ending Stocks World 2013/14 120.43 210.97 40.08 108.96 102.53 2014/15 (Est.) 118.86 221.39 34.17 111.47 110.01 2015/16 (Proj.) May 111.25 221.51 33.66 115.29 106.29 2015/16 (Proj.) Jun 111.32 221.33 33.80 115.31 106.08 United States 2013/14 12.91 16.72 10.53 3.55 2.45 2014/15 (Est.) 16.32 18.78 10.70 3.65 4.40 2015/16 (Proj.) May 14.50 18.91 10.70 3.80 4.40 2015/16 (Proj.) Jun 14.50 18.91 10.70 3.80 4.40 Foreign 4/ 2013/14 107.52 194.25 29.55 105.41 100.08 2014/15 (Est.) 102.54 202.61 23.47 107.82 105.61 2015/16 (Proj.) May 96.75 202.60 22.96 111.49 101.89 2015/16 (Proj.) Jun 96.82 202.42 23.10 111.51 101.68 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatme nt of export/import imbalances. * Planted area based on March 31 Prospective Plantings. Harvested area based on the previous 10-year average abandonment by region, with the Southwest estimated at 15 percent due to favorable moisture. Yield per harvested acre based on the previous 3-year average by region, with the Southwest adjusted to the 10-year average. June 2015 WASDE - 542 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World OutputTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2013/14 505.82 574.01 133.72 419.49 77.56 2014/15 (Est.) 535.57 613.13 137.41 434.85 97.19 2015/16 (Proj.) May 531.16 630.26 140.67 442.65 107.43 2015/16 (Proj.) Jun 531.86 629.06 140.62 444.43 104.59 Oilmeals 2013/14 282.55 293.80 82.02 277.07 13.09 2014/15 (Est.) 296.00 309.09 85.52 289.70 14.85 2015/16 (Proj.) May 302.25 315.76 88.91 298.57 12.99 2015/16 (Proj.) Jun 303.56 318.41 89.15 299.50 14.46 Vegetable Oils 2013/14 171.42 189.28 69.98 167.03 18.76 2014/15 (Est.) 175.51 194.26 70.70 174.09 17.16 2015/16 (Proj.) May 181.12 198.26 73.22 179.72 15.79 2015/16 (Proj.) Jun 181.51 198.67 73.31 180.20 15.78 United States Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2013/14 99.02 107.95 45.79 51.47 3.95 2014/15 (Est.) 117.17 122.92 50.28 53.61 10.42 2015/16 (Proj.) May 114.08 126.88 49.31 54.10 15.11 2015/16 (Proj.) Jun 114.08 126.35 49.31 54.19 14.49 Oilmeals 2013/14 39.40 43.47 10.78 32.40 0.29 2014/15 (Est.) 41.95 46.07 11.81 33.92 0.34 2015/16 (Proj.) May 41.89 45.98 10.96 34.69 0.34 2015/16 (Proj.) Jun 41.96 46.05 10.96 34.75 0.34 Vegetable Oils 2013/14 10.43 15.61 1.12 13.52 0.98 2014/15 (Est.) 10.72 15.76 1.11 13.69 0.96 2015/16 (Proj.) May 10.96 16.03 1.22 13.78 1.03 2015/16 (Proj.) Jun 10.98 16.10 1.21 13.91 0.99 filler filler filler filler filler Foreign 3/ Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2013/14 406.80 466.06 87.93 368.02 73.61 2014/15 (Est.) 418.40 490.20 87.14 381.24 86.77 2015/16 (Proj.) May 417.08 503.38 91.36 388.55 92.32 2015/16 (Proj.) Jun 417.78 502.71 91.31 390.24 90.10 Oilmeals 2013/14 243.15 250.33 71.25 244.67 12.79 2014/15 (Est.) 254.05 263.02 73.71 255.78 14.52 2015/16 (Proj.) May 260.37 269.78 77.95 263.88 12.65 2015/16 (Proj.) Jun 261.60 272.36 78.19 264.75 14.12 Vegetable Oils 2013/14 160.99 173.67 68.86 153.51 17.78 2014/15 (Est.) 164.79 178.50 69.58 160.40 16.20 2015/16 (Proj.) May 170.16 182.23 72.00 165.94 14.76 2015/16 (Proj.) Jun 170.53 182.56 72.10 166.30 14.78 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. June 2015 WASDE - 542 - 11 U.S. Wheat Supply and Use 1/ 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. May Jun Million Acres Area Planted 56.2 56.8 55.4 * 55.4 * Area Harvested 45.3 46.4 48.0 * 48.0 * Bushels Yield per Harvested Acre 47.1 43.7 43.5 * 44.2 * Million Bushels Beginning Stocks 718 590 709 712 Production 2,135 2,026 2,087 2,121 Imports 169 148 140 140 Supply, Total 3,021 2,764 2,937 2,973 Food 955 960 967 967 Seed 77 77 72 72 Feed and Residual 223 160 180 195 Domestic, Total 1,255 1,197 1,219 1,234 Exports 1,176 855 925 925 Use, Total 2,431 2,052 2,144 2,159 Ending Stocks 590 712 793 814 Avg. Farm Price ($/bu) 2/ 6.87 6.00 4.50 - 5.50 4.40 - 5.40 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red WinterHard Red SpringSoft Red Winter White Durum Total Millio nBushels 2014/15 (Est.) Beginning Stocks 237 169 113 50 22 590 Production 738 556 455 224 53 2,026 Supply, Total 3/ 985 795 581 284 120 2,764 Domestic Use 435 313 275 100 74 1,197 Exports 268 278 135 144 30 855 Use, Total 703 591 410 244 104 2,052 Ending Stocks, Total Jun 282 204 172 39 16 712 Ending Stocks, Total May 280 202 174 38 16 709 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketi ng-year weighted average price received by farmers. 3/ Includes imports. * Planted acres repor ted in the March 31, 2015, "Prospective Plantings." Harvested acres and yield for other spring wheat and Durum are projected using 10-year harvested-to-planted ratios by state and 1985- 2014 yield trends by state (except for Arizona, California, and Idaho Durum). For May, winter wheat harvested acres and yield reported in the May 12, 2015,"Crop Production." For June, wi nter wheat harvested acres and yield reported in the June 10, 2015,"Crop Production." ****************************************************************************** Wheat-by-cla ss projections for 2015/16 will first be published in the July 10, 2015, WASDE. ****************************************************************************** June 2015 WASDE - 542 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. May Jun Million Acres Area Planted 109.9 103.4 103.3 * 103.3 * Area Harvested 98.1 93.0 92.3 * 92.3 * Metric Tons Yield per Harvested Acre 3.74 4.05 3.93 3.93 Million Metric Tons Beginning Stocks 23.5 34.3 49.7 50.3 Production 366.9 376.9 362.6 362.6 Imports 3.0 3.0 2.9 2.9 Supply, Total 393.4 414.3 415.2 415.9 Feed and Residual 133.3 137.9 139.7 139.7 Food, Seed & Industrial 171.4 170.5 171.5 171.5 Domestic, Total 304.7 308.4 311.2 311.2 Exports 54.4 55.6 57.0 57.0 Use, Total 359.1 364.0 368.2 368.2 Ending Stocks 34.3 50.3 47.0 47.6 CORN 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. May June Million Acres Area Planted 95.4 90.6 89.2 * 89.2 * Area Harvested 87.5 83.1 81.7 * 81.7 * Bushels Yield per Harvested Acre 158.1 171.0 166.8 * 166.8 * Million Bushels Beginning Stocks 821 1,232 1,851 1,876 Production 13,829 14,216 13,630 13,630 Imports 36 25 25 25 Supply, Total 14,686 15,472 15,506 15,531 Feed and Residual 5,034 5,250 5,300 5,300 Food, Seed & Industrial 2/ 6,503 6,522 6,560 6,560 Ethanol & by-products 3/ 5,134 5,175 5,200 5,200 Domestic, Total 11,537 11,772 11,860 11,860 Exports 1,917 1,825 1,900 1,900 Use, Total 13,454 13,597 13,760 13,760 Ending Stocks 1,232 1,876 1,746 1,771 Avg. Farm Price ($/bu) 4/ 4.46 3.55 - 3.75 3.20 - 3.80 3.20 - 3.80 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see F eed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data-p roducts/feed-grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn glut en feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by fa rmers. * Planted acres reported in the March 31, 2015, "Prospective Plantings." For corn, harvested acres projected based on historical abandonm ent and use for silage. Projected yield based on a weather adjusted trend model that assumes normal mid-May planting progr ess and summer weather. The trend yield is not adjusted for this year's rapid planting pace as more than 90 percent of yield variability is determined by July weather. (For an explanation of the yield trend model see Westcott and Jewis on, Weather Effects on Expected Corn and Soybean Yields, USDA-ERS, Feed Outlook No. (FDS-13G-01), July 2013, www.ers.usda.gov/publications/fds-feed-outlook/fds-13g- 01.aspx.) June 2015 WASDE - 542 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. May Jun Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 8.1 7.1 7.9 * 7.9 * Area Harvested (mil. acres) 6.6 6.4 6.7 * 6.7 * Yield (bushels/acre) 59.6 67.6 64.9 * 64.9 * Beginning Stocks 15 34 17 17 Production 392 433 435 435 Imports 0000 Supply, Total 408 467 452 452 Feed and Residual 92 85 85 85 Food, Seed & Industrial 70 15 15 15 Total Domestic 162 100 100 100 Exports 212 350 335 335 Use, Total 374 450 435 435 Ending Stocks 34 17 17 17 Avg. Farm Price ($/bu) 2/ 4.28 3.90 - 4.10 3.40 - 4.20 3.40 - 4.20 Filler Filler Filler Filler Filler BARLEY 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. May June Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.5 3.0 3.3 * 3.3 * Area Harvested (mil. acres) 3.0 2.4 2.8 * 2.8 * Yield (bushels/acre) 71.3 72.4 70.7 * 70.7 * Beginning Stocks 80 82 78 77 Production 217 177 198 198 Imports 19 24 25 25 Supply, Total 316 283 301 300 Feed and Residual 65 40 60 60 Food, Seed & Industrial 155 152 153 153 Total Domestic 219 192 213 213 Exports 14 14 10 10 Use, Total 234 206 223 223 Ending Stocks 82 77 78 77 Avg. Farm Price ($/bu) 2/ 6.06 5.30 4.10 - 4.90 4.10 - 4.90 Filler Filler Filler Filler Filler OATS 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. May June Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.0 2.7 2.9 * 2.9 * Area Harvested (mil. acres) 1.0 1.0 1.1 * 1.1 * Yield (bushels/acre) 64.1 67.7 65.5 * 65.5 * Beginning Stocks 36 25 38 40 Production 65 70 72 72 Imports 97 109 100 100 Supply, Total 198 203 210 212 Feed and Residual 97 85 95 95 Food, Seed & Industrial 75 77 77 77 Total Domestic 172 162 172 172 Exports 2222 Use, Total 173 164 174 174 Ending Stocks 25 40 36 38 Avg. Farm Price ($/bu) 2/ 3.75 3.20 2.00 - 2.60 2.00 - 2.60 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing y ear beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing-year weighted av erage price received by farmers. * Plan ted acres reported in the March 31, 2015, "Prospective Plantings." Harvested area - For sorghum, ha rvested acres are based on the 10-year Olympic average harvested-to-planted ratio, 2005-2014. For barley and oats, ha rvested acres are based on the 5-year average harvested-to- planted ratios, 2010-2014. Yield - For sorghum the projected yield is based on the average for 1990-2014 excluding years that are more than 1 standard deviation from the mean for the period. For barley and oats, projected yields are based on the 1990-2014 trends. Yields shown reflect production rounding. June 2015 WASDE - 542 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. May Jun Million Acres Area Planted 2.49 2.94 2.92 * 2.92 * Area Harvested 2.47 2.92 2.90 * 2.90 * Filler Pounds Yield per Harvested Acre 7,694 7,572 7,562 * 7,562 * Million Hundredweight Beginning Stocks 2/ 36.4 31.8 42.9 45.4 Production 190.0 221.0 219.0 219.0 Imports 23.1 24.5 24.5 25.0 Supply, Total 249.5 277.4 286.4 289.4 Domestic & Residual 3/ 124.9 129.0 131.0 131.0 Exports, Total 4/ 92.7 103.0 108.0 110.0 Rough 28.6 35.0 36.0 36.0 Milled (rough equiv.) 64.1 68.0 72.0 74.0 Use, Total 217.6 232.0 239.0 241.0 Ending Stocks 31.8 45.4 47.4 48.4 Avg. Milling Yield (%) 5/ 71.00 70.50 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 16.30 13.20 - 13.60 12.30 - 13.30 12.30 - 13.30 Total LONG-GRAIN RICE 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. May June Harvested Acres (mil.) 1.77 2.19 Yield (pounds/acre) 7,464 7,408 Beginning Stocks 21.9 16.2 28.1 28.6 Production 131.9 162.4 162.0 162.0 Supply, Total 7/ 173.3 199.6 211.1 212.1 Domestic & Residual 3/ 95.3 98.0 101.0 101.0 Exports 8/ 61.8 73.0 76.0 76.0 Use, Total 157.1 171.0 177.0 177.0 Ending Stocks 16.2 28.6 34.1 35.1 Avg. Farm Price ($/cwt) 6/ 15.40 11.90 - 12.10 10.00 - 11.00 10.00 - 11.00 Filler Filler Filler Filler Filler MEDIUM & SHORT-GRAIN RICE 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. May June Harvested Acres (mil.) 0.70 0.73 Yield (pounds/acre) 8,270 8,068 Beginning Stocks 12.2 13.3 12.5 14.5 Production 58.1 58.7 57.0 57.0 Supply, Total 7/ 73.8 75.5 73.0 75.0 Domestic & Residual 3/ 29.6 31.0 30.0 30.0 Exports 8/ 30.9 30.0 32.0 34.0 Use, Total 60.5 61.0 62.0 64.0 Ending Stocks 13.3 14.5 11.0 11.0 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 19.20 17.80 - 18.20 17.80 - 18.80 17.80 - 18.80 California 10/ 20.70 20.20 - 20.60 20.00 - 21.00 20.00 - 21.00 Other States 1/ 15.70 14.80 - 15.00 14.50 - 15.50 14.50 - 15.50 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2013/14-2.3; 2014/15-2.3; 2015/16-2.3. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice export s are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. The 2013/14 and 2014 /15 milling yield is based on the Farm Service Agency (FSA) warehouse stored loan data for long, medium, and short grain rice. The 2015/16 milling yield is calculated using the previous five-year Olympic average--2010/11-2014/15. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short-grain season-average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP fore casts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.65 per cwt from 2008/09-2013/14, with a high of $3.50 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. * Planted acres reported in March 31, 2015, "Prospective P lantings." Harvested acres are estimated using the average harvested-to- planted ratios by rice class, 2010-2014. Projected yield is based on linear trend analysis by rice class for the period 1990/9 1 to 2014/15. June 2015 WASDE - 542 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. May Jun Filler Filler Filler Filler Filler Million Acres Area Planted 76.8 83.7 84.6 * 84.6 * Area Harvested 76.3 83.1 83.7 * 83.7 * Filler Bushels Yield per Harvested Acre 44.0 47.8 46.0 * 46.0 * Million Bushels Beginning Stocks 141 92 350 330 Production 3,358 3,969 3,850 3,850 Imports 72 30 30 30 Supply, Total 3,570 4,091 4,230 4,210 Crushings 1,734 1,815 1,825 1,830 Exports 1,647 1,810 1,775 1,775 Seed 97 98 92 92 Residual 03 83 83 8 Use, Total 3,478 3,761 3,729 3,734 Ending Stocks 92 330 500 475 Avg. Farm Price ($/bu) 2/ 13.00 10.05 8.25 - 9.75 8.25 - 9.75 Total SOYBEAN OIL 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. May June Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,705 1,165 1,240 1,225 Production 4/ 20,130 20,735 21,095 21,155 Imports 165 225 175 175 Supply, Total 22,000 22,125 22,510 22,555 Domestic Disappearance 18,958 19,000 19,100 19,200 Biodiesel 3/ 5,010 4,900 5,000 5,100 Food, Feed & other Industrial 13,949 14,100 14,100 14,100 Exports 1,877 1,900 2,000 2,000 Use, Total 20,835 20,900 21,100 21,200 Ending stocks 1,165 1,225 1,410 1,355 Avg. Price (c/lb) 2/ 38.23 33.00 29.50 - 32.50 30.50 - 33.50 Total SOYBEAN MEAL 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. May June Filler 1 2 3 4 Thousand Shor t Tons Beginning Stocks 275 250 300 300 Production 4/ 40,685 43,500 43,325 43,425 Imports 336 350 325 325 Supply, Total 41,296 44,100 43,950 44,050 Domestic Disappearance 29,496 31,100 31,900 32,000 Exports 11,550 12,700 11,750 11,750 Use, Total 41,046 43,800 43,650 43,750 Ending Stocks 250 300 300 300 Avg. Price ($/s.t.) 2/ 489.94 355.00 305.00 - 345.00 305.00 - 345.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Mark eting year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices : soybeans, marketing year weight ed average price received by farm ers; oil, simple average of c rude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur . 3/ Reflects only biodiesel made from methyl ester as reported by the U.S. Energ y Information Administration. 4/ Based on an October year crush of 1,835 million bushels for 2014/15 and 1,830 million bus hels for 2015/16. *Planted acres are reported in the March 31, 2015, “Prospective Plantings.” Harvested acres are based on the 5-year average harvested-to-planted ratio. The projected yield is ba sed on a weather adjusted trend model and assumes normal summer weather. (See Westcott and Jewison, Weather Effects on Expected Co rn and Soybean Yields, USDA-E RS, Feed Outlook No. (FDS-13G-01), July 2013, www.er s.usda.gov/publications/fds-f eed-outlook/fds- 13g-01.aspx.) June 2015 WASDE - 542 - 16 U.S. Sugar Supply and Use 1/ 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. May Jun Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 2,158 1,810 1,607 1,807 Production 2/ 8,462 8,560 8,450 8,720 Beet Sugar 4,794 4,795 4,770 5,040 Cane Sugar 3,667 3,765 3,680 3,680 Florida 1,763 1,975 1,825 1,825 Hawaii 168 180 190 190 Louisiana 1,591 1,520 1,535 1,535 Texas 145 90 130 130 Imports 3,742 3,522 3,810 3,215 TRQ 3/ 1,302 1,586 1,369 1,369 Other Program 4/ 305 400 315 315 Other 5/ 2,135 1,536 2,126 1,531 Mexico 2,130 1,526 2,116 1,521 Total Supply 14,361 13,892 13,867 13,742 Exports 306 200 200 200 Deliveries 12,246 11,885 12,120 12,010 Food 6/ 11,819 11,750 11,985 11,875 Other 7/ 427 135 135 135 Miscellaneous 0000 Total Use 12,552 12,085 12,320 12,210 Ending Stocks 1,810 1,807 1,547 1,533 Stocks to Use Ratio 14.4 15.0 12.6 12.6 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2014/15 and 2015/16 are based on Crop Production and processor projec tions where appropriate. 3/ For 2015/16, WTO raw sugar TRQ shortfall (99). For 2014/15, WTO raw sugar TRQ shortfa ll (41). 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ For 2013/14, other high-tier (5) and othe r (0). For 2014/15, other high-tier (10) and other (0). For 2015 /16, other high-tier (10) and other (0). 6/Combines SMD deliverie s for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar-containing products for reexpor t, and for nonedible alcohol, feed, and ethanol. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ ExportsEnding Stocks Sugar 1,000 Metric Tons, Actual Weight 2014/15 Est. May 831 6,000 155 4,574 1,506 907 2014/15 Est. Jun 831 5,940 155 4,574 1,506 847 2015/16 Proj. May 907 6,000 155 4,574 1,821 668 2015/16 Proj. Jun 847 6,000 155 4,632 1,312 1,059 1/ HFCS imports by Mexico (1,000 metric tons, dry basi s): Oct-Sep 2013/14 = 913, Oct-Mar 2013/14 = 503, Oct-Mar 2014/15 = 535 . Footnote source: Comite Nacional para el Desarollo Sustenta ble de la Cana de Azucar. 2/Includes domestic consumption, Mexico's products export program (IMMEX), and any residual st atistical discrepancies. IMMEX: 2014/15 (324 est), 2015/16 (324 proj). Statistical Adjustment: 2014/15 (0), 2015/16 (0). June 2015 WASDE - 542 - 17 U.S. Cotton Supply and Use 1/ 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. May Jun Filler Filler Filler Filler Filler Area Million Acres Planted 10.41 11.04 9.55 * 9.55 * Harvested 7.54 9.35 8.60 * 8.60 * Filler Pounds Yield per Harvested Acre 821 838 809 * 809 * Million 480 Pound Bales Beginning Stocks 3.80 2.45 4.40 4.40 Production 12.91 16.32 14.50 14.50 Imports 0.01 0.01 0.01 0.01 Supply, Total 16.72 18.78 18.91 18.91 Domestic Use 3.55 3.65 3.80 3.80 Exports, Total 10.53 10.70 10.70 10.70 Use, Total 14.08 14.35 14.50 14.50 Unaccounted 2/ 0.19 0.03 0.01 0.01 Ending Stocks 2.45 4.40 4.40 4.40 Avg. Farm Price 3/ 77.9 60.5 50.0 - 70.0 50.0 - 70.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the differe nce between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. *Pla nted area from March 31 Prospective Plantings. Harvested area based on the previous 10-year average abandonment by regi on, with the Southwest estimated at 15 percent due to favorable moisture. Yield per harvested acre based on th e previous 3-year average yields by region, with the Southwest adjusted to the 10-year average. June 2015 WASDE - 542 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 176.91 716.82 158.21 132.22 703.76 165.92 189.98 United States 19.54 58.11 4.59 6.06 34.15 32.01 16.07 Total Foreign 157.37 658.72 153.62 126.16 669.60 133.90 173.91 Major Exporters 4/ 20.83 219.37 4.58 57.40 139.51 76.17 29.10 Argentina 0.29 10.50 0.00 0.10 6.05 2.25 2.49 Australia 4.67 26.93 0.15 3.60 6.95 18.62 6.19 Canada 5.05 37.53 0.45 4.20 9.41 23.27 10.35 European Union 5/ 10.82 144.42 3.97 49.50 117.10 32.03 10.07 Major Importers 6/ 83.60 194.10 87.36 33.30 264.91 5.19 94.97 Brazil 1.00 5.30 7.07 0.60 11.40 0.08 1.89 China 53.96 121.93 6.77 21.00 121.50 0.89 60.27 Sel. Mideast 7/ 8.93 18.96 20.69 4.92 36.10 0.49 11.99 N. Africa 8/ 11.49 19.72 25.27 2.68 42.42 0.50 13.55 Pakistan 2.62 24.00 0.40 0.60 24.10 0.75 2.17 Southeast Asia 9/ 3.78 0.00 16.41 2.46 15.86 0.89 3.45 Selected Other 0.00 India 24.20 93.51 0.03 4.80 93.85 6.05 17.83 FSU-12 13.92 103.87 7.41 22.75 72.98 37.15 15.08 Russia 4.95 52.09 0.80 12.50 34.10 18.57 5.18 Kazakhstan 2.94 13.94 0.01 2.00 6.80 8.10 1.99 Ukraine 2.58 22.28 0.07 3.40 11.50 9.76 3.67 2014/15 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 189.98 726.32 160.05 141.77 715.89 163.85 200.41 United States 16.07 55.13 4.03 4.35 32.57 23.27 19.39 Total Foreign 173.91 671.19 156.02 137.42 683.33 140.58 181.02 Major Exporters 4/ 29.10 222.25 6.67 64.60 147.98 80.00 30.04 Argentina 2.49 12.50 0.04 0.30 6.35 5.00 3.68 Australia 6.19 24.00 0.15 3.80 7.20 17.00 6.14 Canada 10.35 29.30 0.48 6.00 11.33 23.50 5.30 European Union 5/ 10.07 156.45 6.00 54.50 123.10 34.50 14.92 Major Importers 6/ 94.97 196.46 85.54 36.53 270.18 8.24 98.55 Brazil 1.89 6.00 6.30 0.30 11.20 1.80 1.19 China 60.27 126.17 1.50 23.00 124.00 1.00 62.94 Sel. Mideast 7/ 11.99 17.37 22.14 5.05 36.56 1.53 13.40 N. Africa 8/ 13.55 16.90 25.15 2.48 42.90 0.55 12.15 Pakistan 2.17 25.50 0.75 1.00 24.50 0.70 3.22 Southeast Asia 9/ 3.45 0.00 19.30 4.01 17.97 0.89 3.89 Selected Other 0.00 India 17.83 95.85 0.05 4.50 93.83 3.40 16.50 FSU-12 15.08 112.73 7.71 24.63 75.93 40.33 19.26 Russia 5.18 59.08 0.35 13.00 35.50 22.20 6.91 Kazakhstan 1.99 13.00 0.60 2.00 6.80 6.00 2.78 Ukraine 3.67 24.75 0.05 4.00 12.00 11.50 4.97 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to di fferences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada , and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and South east Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, a nd Oman. 8/ Algeria, Egypt, Li bya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. June 2015 WASDE - 542 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ May 200.97 718.93 153.61 136.06 716.59 156.95 203.32 Jun 200.41 721.55 155.12 138.97 719.56 158.41 202.40 United States May 19.31 56.81 3.81 4.90 33.18 25.17 21.58 Jun 19.39 57.72 3.81 5.31 33.58 25.17 22.16 Total Foreign May 181.67 662.12 149.80 131.16 683.41 131.77 181.74 Jun 181.02 663.84 151.31 133.66 685.97 133.23 180.24 Major Exporters 4/ May 29.34 217.29 5.64 63.00 146.68 78.70 26.89 Jun 30.04 217.18 6.14 64.00 147.68 78.20 27.48 Argentina May 3.18 12.00 0.03 0.10 6.15 7.20 1.86 Jun 3.68 11.50 0.03 0.10 6.15 6.70 2.36 Australia May 6.14 26.00 0.15 3.90 7.33 18.50 6.46 Jun 6.14 26.00 0.15 3.90 7.33 18.50 6.46 Canada May 5.30 29.00 0.46 4.50 9.70 20.50 4.56 Jun 5.30 29.00 0.46 4.50 9.70 20.50 4.56 European Union 5/ May 14.72 150.29 5.00 54.50 123.50 32.50 14.01 Jun 14.92 150.68 5.50 55.50 124.50 32.50 14.10 Major Importers 6/ May 98.60 203.80 81.75 32.82 269.40 6.84 107.91 Jun 98.55 203.22 82.65 33.62 270.30 6.84 107.28 Brazil May 1.19 6.50 6.50 0.60 11.60 1.00 1.59 Jun 1.19 6.50 6.50 0.60 11.60 1.00 1.59 China May 62.94 130.00 1.20 20.00 121.50 1.00 71.64 Jun 62.94 130.00 1.20 20.00 121.50 1.00 71.64 Sel. Mideast 7/ May 14.15 17.89 21.05 4.55 37.00 0.83 15.26 Jun 13.40 17.86 21.25 4.65 37.10 0.83 14.58 N. Africa 8/ May 11.85 19.91 24.10 2.68 43.93 0.55 11.39 Jun 12.15 19.36 24.60 2.88 44.23 0.55 11.34 Pakistan May 3.22 25.00 0.10 1.00 24.60 1.00 2.72 Jun 3.22 25.00 0.10 1.00 24.60 1.00 2.72 Southeast Asia 9/ May 3.49 0.00 18.60 3.34 17.63 0.89 3.58 Jun 3.89 0.00 18.80 3.84 18.13 0.89 3.68 Selected Other India May 16.50 90.00 0.50 4.80 94.60 0.50 11.90 Jun 16.50 90.00 0.50 4.80 94.60 0.50 11.90 FSU-12 May 20.04 103.38 7.27 23.13 75.44 36.91 18.34 Jun 19.26 105.88 7.27 23.83 76.14 38.86 17.41 Russia May 7.61 53.50 0.35 12.50 35.50 20.00 5.96 Jun 6.91 55.00 0.35 13.00 36.00 21.00 5.26 Kazakhstan May 2.78 12.50 0.40 2.00 6.80 6.00 2.88 Jun 2.78 12.50 0.40 2.00 6.80 6.00 2.88 Ukraine May 4.97 22.00 0.05 3.50 11.70 10.50 4.82 Jun 4.97 23.00 0.05 3.70 11.90 11.50 4.62 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to di fferences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada , and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and South east Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, a nd Oman. 8/ Algeria, Egypt, Li bya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. June 2015 WASDE - 542 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 168.22 1,281.65 155.94 736. 20 1,238.10 164.43 211.77 United States 23.53 367.09 3.23 133.47 305.11 54.42 34.31 Total Foreign 144.69 914.56 152.71 602.73 932.99 110.01 177.46 Major Exporters 4/ 21.81 175.04 1.76 81.41 111.55 56.49 30.56 Argentina 2.47 35.67 0.00 8.74 13.60 21.27 3.27 Australia 0.85 12.45 0.00 3.69 5.36 6.92 1.02 Brazil 14.56 82.60 1.11 48.28 58.03 20.98 19.26 Canada 3.08 28.75 0.54 15.19 22.45 5.29 4.63 Major Importers 5/ 33.82 250.19 112.99 258.47 341.03 10.97 45.00 European Union 6/ 13.08 159.02 16.24 122.36 164.11 8.63 15.61 Japan 0.98 0.19 17.50 12.78 17.64 0.00 1.03 Mexico 1.63 32.02 11.32 23.62 40.89 0.50 3.58 N. Afr & Mideast 7/ 10.24 31.49 30.66 50.43 57.99 0.30 14.10 Saudi Arabia 3.39 0.36 11.69 10.53 10.95 0.00 4.49 Southeast Asia 8/ 2.83 26.84 10.73 26.86 34.96 1.54 3.90 South Korea 1.29 0.20 10.50 7.80 10.11 0.00 1.88 Selected Other 0.00 China 68.38 225.07 12.45 161.78 227.60 0.03 78.26 FSU-12 5.04 87.63 0.80 40.07 55.93 30.85 6.67 Russia 1.38 35.74 0.26 18.90 28.62 6.95 1.80 Ukraine 2.33 39.92 0.08 12.32 16.23 22.77 3.34 2014/15 Est. Beginnin g Stock s Productio n Import sDomesti c FeedDomesti c Total 2 / Export s Endin g Stock s World 3/ 211.77 1,288.54 156.36 761. 15 1,267.73 164.90 232.57 United States 34.31 377.12 3.28 138.09 308.79 55.58 50.35 Total Foreign 177.46 911.41 153.08 623.07 958.95 109.31 182.22 Major Exporters 4/ 30.56 161.06 2.80 81.90 112.26 52.92 29.23 Argentina 3.27 32.22 0.01 9.17 14.33 18.31 2.85 Australia 1.02 11.54 0.00 3.41 5.09 6.63 0.84 Brazil 19.26 83.60 1.13 50.20 59.93 23.54 20.52 Canada 4.63 21.92 1.56 13.80 21.15 3.70 3.25 Major Importers 5/ 45.00 255.92 104.66 261.12 344.81 13.81 46.96 European Union 6/ 15.61 168.28 8.28 120.28 162.57 12.41 17.19 Japan 1.03 0.17 17.39 12.68 17.54 0.00 1.05 Mexico 3.58 31.94 10.30 24.42 41.94 0.51 3.38 N. Afr & Mideast 7/ 14.10 26.88 33.01 51.83 59.79 0.11 14.08 Saudi Arabia 4.49 0.36 11.65 11.45 11.93 0.00 4.57 Southeast Asia 8/ 3.90 27.97 10.04 28.29 36.29 0.80 4.82 South Korea 1.88 0.21 9.69 8.05 10.32 0.00 1.46 Selected Other 0.00 China 78.26 222.17 19.65 173.10 239.15 0.05 80.88 FSU-12 6.67 91.45 0.84 42.93 59.19 31.87 7.90 Russia 1.80 40.39 0.16 21.18 31.54 8.21 2.59 Ukraine 3.34 39.35 0.06 12.45 16.19 22.89 3.66 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjust ed to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in som e countries. 4/ Argentina, Australia, Canada, Brazil, a nd South Africa. 5/ The European Union, Me xico, Japan, selected North Africa and Midd le East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Mala ysia, Philippines, Thailand, and Vietnam. June 2015 WASDE - 542 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ May 227.81 1,277.31 155.20 774. 93 1,280.71 158.44 224.41 Jun 232.57 1,276.00 155.28 774. 80 1,281.23 159.74 227.35 United States May 49.69 362.81 3.13 139.91 311.61 57.03 47.00 Jun 50.35 362.81 3.13 139.91 311.61 57.03 47.65 Total Foreign May 178.12 914.50 152.07 635.02 969.10 101.41 177.41 Jun 182.22 913.19 152.15 634.89 969.62 102.71 179.69 Major Exporters 4/ May 26.23 161.52 2.85 85.76 116.35 53.37 20.88 Jun 29.23 161.22 2.85 85.76 116.37 53.37 23.56 Argentina May 2.85 33.75 0.01 9.58 15.04 19.31 2.26 Jun 2.85 33.45 0.01 9.58 15.04 19.31 1.96 Australia May 0.84 12.28 0.00 3.89 5.57 6.73 0.83 Jun 0.84 12.28 0.00 3.89 5.57 6.73 0.83 Brazil May 17.52 77.58 1.20 52.09 61.84 22.02 12.44 Jun 20.52 77.58 1.20 52.09 61.84 22.02 15.44 Canada May 3.25 23.85 1.54 14.58 21.91 3.80 2.93 Jun 3.25 23.85 1.54 14.58 21.91 3.80 2.93 Major Importers 5/ May 46.82 254.16 104.17 266.79 350.65 11.62 42.87 Jun 46.96 253.49 104.07 266.49 350.35 11.62 42.55 European Union 6/ May 17.20 159.82 12.26 120.73 163.13 10.31 15.85 Jun 17.19 159.48 12.26 120.73 163.13 10.31 15.50 Japan May 1.05 0.17 17.59 12.88 17.74 0.00 1.07 Jun 1.05 0.17 17.39 12.68 17.54 0.00 1.07 Mexico May 3.38 31.98 10.63 24.97 42.54 0.50 2.94 Jun 3.38 31.98 10.63 24.97 42.54 0.50 2.94 N. Afr & Mideast 7/ May 13.93 32.49 28.87 54.33 62.29 0.17 12.84 Jun 14.08 32.17 28.97 54.23 62.19 0.17 12.87 Saudi Arabia May 4.57 0.25 11.03 11.75 12.15 0.00 3.69 Jun 4.57 0.25 11.03 11.75 12.15 0.00 3.69 Southeast Asia 8/ May 4.82 29.11 9.32 29.76 37.87 0.64 4.74 Jun 4.82 29.11 9.32 29.76 37.87 0.64 4.74 South Korea May 1.46 0.20 10.09 8.14 10.42 0.00 1.33 Jun 1.46 0.20 10.09 8.14 10.42 0.00 1.33 Selected Other China May 80.88 234.50 19.15 174.03 242.38 0.08 92.08 Jun 80.88 234.50 19.15 174.03 242.38 0.08 92.08 FSU-12 May 7.90 82.16 0.82 43.33 59.61 24.99 6.27 Jun 7.90 82.96 0.82 43.43 59.71 25.99 5.97 Russia May 2.59 37.30 0.16 21.35 31.80 6.11 2.14 Jun 2.59 38.30 0.16 21.65 32.10 7.11 1.84 Ukraine May 3.66 33.33 0.06 12.40 16.01 18.18 2.86 Jun 3.66 33.13 0.06 12.20 15.81 18.18 2.86 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjust ed to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Uni on, Mexico, Japan, selected No rth Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Al geria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tuni sia, and Turkey. 8/ Indonesia, Malaysia, Philippi nes, Thailand, and Vietnam. June 2015 WASDE - 542 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 /ExportsEnding Stocks World 3/ 137.01 990.64 123.76 573.72 953.15 131.07 174.50 United States 20.86 351.27 0.91 127.87 293.05 48.70 31.29 Total Foreign 116.15 639.36 122.85 445.85 660.10 82.36 143.21 Major Exporters 4/ 16.12 120.98 0.80 57.20 75.30 40.07 22.53 Argentina 1.31 26.00 0.00 5.80 8.80 17.10 1.41 Brazil 14.15 80.00 0.79 46.00 55.00 20.97 18.97 South Africa 0.66 14.98 0.01 5.40 11.50 2.00 2.15 Major Importers 5/ 12.27 120.27 76.03 133.36 185.52 4.44 18.62 Egypt 1.08 5.80 8.73 11.00 13.20 0.00 2.40 European Union 6/ 5.15 64.66 15.92 58.00 76.50 2.40 6.82 Japan 0.52 0.00 15.12 10.60 15.10 0.00 0.55 Mexico 1.06 22.88 10.95 15.20 31.70 0.50 2.69 Southeast Asia 7/ 2.82 26.78 10.72 26.80 34.90 1.53 3.89 South Korea 1.27 0.08 10.41 7.76 9.89 0.00 1.86 Selected Other 0.00 Canada 1.55 14.19 0.51 7.52 12.70 1.95 1.60 China 67.57 218.49 3.28 154.00 212.00 0.02 77.32 FSU-12 2.00 46.90 0.46 18.57 21.34 24.81 3.22 Ukraine 1.19 30.90 0.07 8.50 9.90 20.00 2.25 2014/15 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ ExportsEnding Stocks World 3/ 174.50 999.45 115.65 596.97 976.93 121.83 197.01 United States 31.29 361.09 0.64 133.36 299.01 46.36 47.65 Total Foreign 143.21 638.36 115.01 463.62 677.92 75.47 149.36 Major Exporters 4/ 22.53 117.30 0.83 59.30 77.60 39.70 23.36 Argentina 1.41 25.00 0.01 6.10 9.40 15.50 1.51 Brazil 18.97 81.00 0.80 48.00 57.00 23.50 20.27 South Africa 2.15 11.30 0.03 5.20 11.20 0.70 1.58 Major Importers 5/ 18.62 131.73 64.30 137.60 190.58 4.30 19.78 Egypt 2.40 5.96 7.50 11.50 13.90 0.01 1.95 European Union 6/ 6.82 73.67 8.00 58.50 77.50 3.00 7.99 Japan 0.55 0.00 15.00 10.50 15.00 0.00 0.55 Mexico 2.69 24.00 10.00 16.80 33.55 0.50 2.64 Southeast Asia 7/ 3.89 27.91 10.00 28.20 36.20 0.79 4.81 South Korea 1.86 0.08 9.60 8.00 10.10 0.00 1.44 Selected Other 0.00 Canada 1.60 11.50 1.50 7.50 12.80 0.50 1.30 China 77.32 215.67 3.00 158.00 216.00 0.03 79.96 FSU-12 3.22 43.47 0.47 19.92 22.74 21.02 3.40 Ukraine 2.25 28.45 0.05 9.00 10.40 18.00 2.35 1/ Aggregate of local marketing years. 2/ Total fore ign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports a nd exports may not balance due to differences in marketing years, grain in transit, and reporting discre pancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Mala ysia, Philippines, Thailand, and Vietnam. June 2015 WASDE - 542 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ May 192.50 989.83 118.76 610.32 990.40 120.90 191.94 Jun 197.01 989.30 118.73 610.32 991.12 122.20 195.19 United States May 47.02 346.22 0.64 134.63 301.26 48.26 44.35 Jun 47.65 346.22 0.64 134.63 301.26 48.26 44.98 Total Foreign May 145.49 643.61 118.12 475.70 689.14 72.64 147.59 Jun 149.36 643.08 118.10 475.70 689.86 73.94 150.21 Major Exporters 4/ May 20.36 113.50 0.83 62.00 80.40 39.00 15.29 Jun 23.36 113.50 0.83 62.00 80.40 39.00 18.29 Argentina May 1.51 25.00 0.01 6.50 10.00 15.50 1.02 Jun 1.51 25.00 0.01 6.50 10.00 15.50 1.02 Brazil May 17.27 75.00 0.80 50.00 59.00 22.00 12.07 Jun 20.27 75.00 0.80 50.00 59.00 22.00 15.07 South Africa May 1.58 13.50 0.03 5.50 11.40 1.50 2.20 Jun 1.58 13.50 0.03 5.50 11.40 1.50 2.20 Major Importers 5/ May 19.78 127.11 69.10 141.45 194.58 3.65 17.77 Jun 19.78 126.91 68.90 141.25 194.38 3.65 17.57 filler filler filler filler filler filler filler Egypt May 1.95 6.00 8.00 12.10 14.50 0.01 1.44 Jun 1.95 6.00 8.00 12.10 14.50 0.01 1.44 European Union 6/ May 7.99 68.34 12.00 59.50 78.50 2.50 7.33 Jun 7.99 68.14 12.00 59.50 78.50 2.50 7.13 Japan May 0.55 0.00 15.20 10.70 15.20 0.00 0.55 Jun 0.55 0.00 15.00 10.50 15.00 0.00 0.55 Mexico May 2.64 23.50 10.30 17.15 33.95 0.50 1.99 Jun 2.64 23.50 10.30 17.15 33.95 0.50 1.99 Southeast Asia 7/ May 4.81 29.06 9.30 29.70 37.80 0.64 4.74 Jun 4.81 29.06 9.30 29.70 37.80 0.64 4.74 South Korea May 1.44 0.08 10.00 8.10 10.20 0.00 1.32 Jun 1.44 0.08 10.00 8.10 10.20 0.00 1.32 Selected Other Canada May 1.30 12.30 1.50 8.00 13.35 0.50 1.25 Jun 1.30 12.30 1.50 8.00 13.35 0.50 1.25 China May 79.96 228.00 3.00 160.00 220.00 0.05 90.91 Jun 79.96 228.00 3.00 160.00 220.00 0.05 90.91 FSU-12 May 3.40 41.66 0.49 20.54 23.41 18.68 3.46 Jun 3.40 42.66 0.49 20.84 23.71 19.68 3.16 Ukraine May 2.35 26.00 0.05 9.00 10.40 16.00 2.00 Jun 2.35 26.00 0.05 9.00 10.40 16.00 2.00 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not ba lance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Ar gentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast As ia. 6/ Trade excludes intra-tr ade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. June 2015 WASDE - 542 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ 110.64 478.19 38.36 481.50 41.72 107.33 United States 1.16 6.12 0.73 4.00 2.99 1.03 Total Foreign 109.48 472.07 37.63 477.50 38.73 106.31 Major Exporters 4/ 39.61 161.86 0.63 134.66 30.64 36.81 India 25.44 106.54 0.00 99.18 10.15 22.65 Pakistan 0.50 6.70 0.03 2.60 3.20 1.43 Thailand 12.81 20.46 0.30 10.88 10.97 11.72 Vietnam 0.86 28.16 0.30 22.00 6.33 1.00 Major Importers 5/ 12.51 64.30 12.43 76.99 1.10 11.15 Brazil 0.53 8.30 0.55 7.90 0.82 0.66 European Union 6/ 1.19 1.92 1.53 3.25 0.24 1.15 Indonesia 6.48 36.30 1.23 38.50 0.00 5.50 Nigeria 0.89 2.77 2.80 5.80 0.00 0.66 Philippines 1.49 11.86 1.20 12.85 0.00 1.70 Sel. Mideast 7/ 1.50 1.95 3.96 6.12 0.00 1.29 Selected Other 0.00 Burma 0.55 11.96 0.00 10.45 1.69 0.37 C. Amer & Carib 8/ 0.52 1.72 1.42 3.17 0.01 0.48 China 46.83 142.53 4.02 146.30 0.26 46.81 Egypt 0.43 4.75 0.03 4.00 0.60 0.60 Japan 2.86 7.94 0.66 8.29 0.06 3.11 Mexico 0.19 0.13 0.69 0.86 0.00 0.15 South Korea 0.78 4.23 0.31 4.42 0.00 0.90 2014/15 Est. Beginning Stocks Production ImportsTotal /2 Domestic ExportsEnding Stocks World 3/ 107.33 476.13 40.97 484.78 43.62 98.68 United States 1.03 7.07 0.78 4.13 3.29 1.45 Total Foreign 106.31 469.06 40.19 480.65 40.32 97.23 Major Exporters 4/ 36.81 156.20 0.73 135.15 31.70 26.88 India 22.65 102.50 0.00 99.35 10.20 15.60 Pakistan 1.43 6.90 0.03 2.80 3.80 1.76 Thailand 11.72 18.75 0.30 11.10 11.00 8.67 Vietnam 1.00 28.05 0.40 21.90 6.70 0.85 Major Importers 5/ 11.15 64.94 14.69 78.39 1.28 11.11 Brazil 0.66 8.43 0.55 7.90 1.00 0.74 European Union 6/ 1.15 1.88 1.55 3.27 0.25 1.07 Indonesia 5.50 36.30 1.25 38.60 0.00 4.45 Nigeria 0.66 2.84 4.00 6.40 0.00 1.09 Philippines 1.70 12.20 1.70 13.20 0.00 2.40 Sel. Mideast 7/ 1.29 1.95 4.21 6.26 0.00 1.19 Selected Other 0.00 Burma 0.37 12.60 0.00 10.70 1.85 0.42 C. Amer & Carib 8/ 0.48 1.75 1.54 3.29 0.01 0.46 China 46.81 144.50 4.40 148.40 0.40 46.91 Egypt 0.60 4.53 0.03 4.00 0.25 0.91 Japan 3.11 7.84 0.70 8.31 0.08 3.26 Mexico 0.15 0.16 0.78 0.89 0.00 0.19 South Korea 0.90 4.24 0.47 4.45 0.00 1.16 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World impor ts and exports may not balance due to differen ces in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philipp ines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ C entral American and Caribbean countries. June 2015 WASDE - 542 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ May 98.41 482.10 39.55 488.98 42.40 91.54 Jun 98.68 481.74 39.57 488.99 42.51 91.44 United States May 1.37 6.95 0.78 4.17 3.43 1.50 filler filler filler filler filler filler Jun 1.45 6.95 0.79 4.17 3.49 1.54 Total Foreign May 97.04 475.15 38.77 484.81 38.97 90.03 filler filler filler filler filler filler Jun 97.23 474.79 38.77 484.82 39.02 89.90 Major Exporters 4/ May 26.88 158.90 0.82 135.85 30.00 20.75 Jun 26.88 158.90 0.82 135.85 30.00 20.75 India May 15.60 104.00 0.00 99.50 8.50 11.60 Jun 15.60 104.00 0.00 99.50 8.50 11.60 filler filler filler filler filler filler Pakistan May 1.76 6.90 0.02 2.95 3.80 1.93 Jun 1.76 6.90 0.02 2.95 3.80 1.93 Thailand May 8.67 19.80 0.30 11.40 11.00 6.37 Jun 8.67 19.80 0.30 11.40 11.00 6.37 Vietnam May 0.85 28.20 0.50 22.00 6.70 0.85 Jun 0.85 28.20 0.50 22.00 6.70 0.85 Major Importers 5/ May 10.93 65.34 13.47 78.20 1.18 10.35 Jun 11.11 65.04 13.47 78.20 1.18 10.23 Brazil May 0.66 8.30 0.70 7.95 0.90 0.81 filler filler filler filler filler filler Jun 0.74 8.00 0.70 7.95 0.90 0.59 European Union 6/ May 1.07 1.90 1.55 3.28 0.23 1.00 Jun 1.07 1.90 1.55 3.28 0.23 1.00 Indonesia May 4.45 36.65 1.10 38.65 0.00 3.55 Jun 4.45 36.65 1.10 38.65 0.00 3.55 Nigeria May 1.09 2.71 3.00 6.00 0.00 0.80 Jun 1.09 2.71 3.00 6.00 0.00 0.80 Philippines May 2.30 12.40 1.30 13.25 0.00 2.75 Jun 2.40 12.40 1.30 13.25 0.00 2.85 Sel. Mideast 7/ May 1.19 1.98 4.45 6.35 0.00 1.27 Jun 1.19 1.98 4.45 6.35 0.00 1.27 Selected Other Burma May 0.42 12.80 0.00 10.80 2.00 0.42 Jun 0.42 12.80 0.00 10.80 2.00 0.42 C. Amer & Carib 8/ May 0.46 1.74 1.56 3.31 0.01 0.44 Jun 0.46 1.74 1.56 3.31 0.01 0.44 China May 46.91 146.00 4.70 151.00 0.40 46.21 Jun 46.91 146.00 4.70 151.00 0.40 46.21 Egypt May 0.91 4.60 0.03 4.00 0.40 1.13 Jun 0.91 4.60 0.03 4.00 0.40 1.13 Japan May 3.26 7.90 0.70 8.38 0.08 3.41 Jun 3.26 7.90 0.70 8.38 0.08 3.41 Mexico May 0.19 0.17 0.79 0.91 0.00 0.23 Jun 0.19 0.17 0.79 0.91 0.00 0.23 South Korea May 1.16 4.10 0.41 4.36 0.00 1.31 Jun 1.16 4.10 0.41 4.36 0.00 1.31 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-28. 6/ Tr ade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. June 2015 WASDE - 542 - 26 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2013/14 Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World 90.54 120.43 40.08 108.96 40.08 -0.51 102.53 United States 3.80 12.91 0.01 3.55 10.53 0.19 2.45 Total Foreign 86.74 107.52 40.07 105.41 29.55 -0.71 100.08 Major Exporters 4/ 26.22 57.00 1.36 32.11 25.82 -0.83 27.47 Central Asia 5/ 2.75 6.55 3 / 2.36 4.26 0.00 2.69 Afr. Fr. Zone 6/ 1.30 4.36 3 / 0.15 4.13 0.00 1.38 S. Hemis 7/ 9.79 14.06 0.29 5.26 7.78 -0.34 11.43 Australia 2.40 4.10 3 / 0.04 4.85 -0.20 1.81 Brazil 5.80 8.00 0.15 4.20 2.23 -0.15 7.67 India 12.05 31.00 0.68 23.35 9.26 -0.50 11.62 Major Importers 8/ 58.70 47.23 36.38 68.83 2.64 0.12 70.72 Mexico 0.65 0.93 1.04 1.85 0.16 0.03 0.58 China 50.36 32.75 14.12 34.50 0.03 0.00 62.71 European Union 9/ 0.55 1.60 0.87 0.85 1.60 0.03 0.53 Turkey 1.32 2.30 4.25 6.30 0.20 0.00 1.36 Pakistan 2.71 9.50 1.20 10.40 0.51 0.03 2.48 Indonesia 0.64 0.03 2.99 3.05 0.01 0.00 0.60 Thailand 0.24 3 / 1.55 1.55 0.00 0.03 0.22 Bangladesh 0.97 0.12 4.10 4.15 0.00 0.01 1.02 Vietnam 0.49 0.01 3.20 3.20 0.00 0.00 0.50 2014/15 Est. Beginning Stocks Production ImportsDomestic Use ExportsLoss /2 Ending Stocks World 102.53 118.86 34.19 111.47 34.17 -0.08 110.01 United States 2.45 16.32 0.01 3.65 10.70 0.03 4.40 Total Foreign 100.08 102.54 34.18 107.82 23.47 -0.11 105.61 Major Exporters 4/ 27.47 52.47 1.68 32.84 19.86 -0.23 29.15 Central Asia 5/ 2.69 6.16 3 / 2.41 3.59 0.00 2.85 Afr. Fr. Zone 6/ 1.38 4.98 3 / 0.14 4.22 0.00 2.00 S. Hemis 7/ 11.43 11.01 0.18 4.94 7.63 -0.24 10.29 Australia 1.81 2.20 3 / 0.04 2.80 -0.10 1.27 Brazil 7.67 7.00 0.05 3.90 4.00 -0.15 6.97 India 11.62 29.50 1.15 24.50 4.10 0.00 13.67 Major Importers 8/ 70.72 46.94 30.24 70.53 2.66 0.12 74.61 Mexico 0.58 1.37 0.83 1.85 0.16 0.03 0.74 China 62.71 30.00 8.00 35.00 0.08 0.00 65.63 European Union 9/ 0.53 1.63 0.87 0.87 1.50 0.03 0.62 Turkey 1.36 3.20 3.65 6.30 0.25 0.00 1.66 Pakistan 2.48 10.60 0.80 10.75 0.55 0.03 2.55 Indonesia 0.60 0.02 3.35 3.30 0.01 0.00 0.66 Thailand 0.22 3 / 1.48 1.45 0.01 0.03 0.21 Bangladesh 1.02 0.12 4.50 4.45 0.00 0.01 1.18 Vietnam 0.50 0.01 4.10 3.85 0.00 0.00 0.75 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marke ting channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks base d on supply less total use and indicated endi ng stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kaza khstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Re public, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Austra lia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. June 2015 WASDE - 542 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2015/16 Proj. Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World May 110.25 111.25 33.65 115.29 33.66 -0.10 106.29 Jun 110.01 111.32 33.77 115.31 33.80 -0.10 106.08 United States May 4.40 14.50 0.01 3.80 10.70 0.01 4.40 Jun 4.40 14.50 0.01 3.80 10.70 0.01 4.40 Total Foreign May 105.85 96.75 33.64 111.49 22.96 -0.11 101.89 Jun 105.61 96.82 33.76 111.51 23.10 -0.11 101.68 filler filler filler filler filler filler filler Major Exporters 4/ May 29.70 51.22 1.64 34.35 19.72 -0.23 28.71 Jun 29.15 51.29 1.64 34.30 19.83 -0.23 28.17 Central Asia 5/ May 2.85 6.11 3 / 2.56 3.60 0.00 2.81 Jun 2.85 6.11 3 / 2.56 3.60 0.00 2.81 Afr. Fr. Zone 6/ May 1.94 4.47 3 / 0.14 4.42 0.00 1.85 Jun 2.00 4.56 3 / 0.14 4.47 0.00 1.95 S. Hemis 7/ May 10.25 10.53 0.29 5.09 6.41 -0.24 9.79 Jun 10.29 10.50 0.29 5.05 6.47 -0.24 9.79 Australia May 1.27 2.00 3 / 0.04 2.00 -0.10 1.34 Jun 1.27 2.00 3 / 0.04 2.00 -0.10 1.34 Brazil May 6.97 6.75 0.15 4.00 3.60 -0.15 6.42 Jun 6.97 6.75 0.15 4.00 3.60 -0.15 6.42 India May 14.32 29.50 0.90 25.75 5.00 0.00 13.97 Jun 13.67 29.50 0.90 25.75 5.00 0.00 13.32 filler filler filler filler filler filler filler Major Importers 8/ May 74.33 42.46 29.66 72.56 2.38 0.12 71.39 Jun 74.61 42.46 29.78 72.66 2.38 0.12 71.69 Mexico May 0.74 1.05 1.00 1.90 0.15 0.03 0.72 Jun 0.74 1.05 1.00 1.90 0.15 0.03 0.72 China May 65.33 27.00 6.00 36.00 0.05 0.00 62.28 Jun 65.63 27.00 6.00 36.00 0.05 0.00 62.58 European Union 9/ May 0.67 1.46 0.85 0.88 1.43 0.03 0.64 Jun 0.62 1.46 0.85 0.88 1.43 0.03 0.59 Turkey May 1.63 2.80 3.60 6.30 0.23 0.00 1.50 Jun 1.66 2.80 3.70 6.40 0.23 0.00 1.53 Pakistan May 2.55 10.00 1.70 11.10 0.50 0.03 2.63 Jun 2.55 10.00 1.70 11.10 0.50 0.03 2.63 Indonesia May 0.66 0.02 3.50 3.40 0.01 0.00 0.78 Jun 0.66 0.02 3.50 3.40 0.01 0.00 0.78 Thailand May 0.21 3 / 1.53 1.50 0.00 0.03 0.21 Jun 0.21 3 / 1.55 1.50 0.00 0.03 0.24 Bangladesh May 1.18 0.13 4.60 4.70 0.00 0.01 1.20 Jun 1.18 0.13 4.60 4.70 0.00 0.01 1.20 Vietnam May 0.75 3 / 4.20 4.10 0.00 0.00 0.86 Jun 0.75 3 / 4.20 4.10 0.00 0.00 0.86 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketi ng channel; for Australia, Brazil, China, and the United States, r eflects the difference between implicit stocks based on supply less total use a nd indicated ending stocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenist an, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Para guay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regi ons listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. June 2015 WASDE - 542 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Domestic CrushDomestic TotalExports Ending Stocks World 2/ 56.29 283.25 111.25 241.19 275.10 112.94 62.77 United States 3.83 91.39 1.95 47.19 49.85 44.82 2.50 Total Foreign 52.47 191.86 109.30 194.00 225.25 68.12 60.26 Major Exporters 3/ 36.45 151.80 0.61 76.53 84.05 62.71 42.10 Argentina 20.96 53.50 0.00 36.17 40.57 7.84 26.05 Brazil 15.33 86.70 0.61 36.86 39.86 46.83 15.95 Paraguay 0.13 8.20 0.01 3.35 3.45 4.80 0.08 Major Importers 4/ 13.33 14.72 96.22 91.35 108.42 0.30 15.55 China 12.38 12.20 70.36 68.85 80.30 0.22 14.43 European Union 0.30 1.21 12.99 13.40 14.16 0.06 0.28 Japan 0.18 0.20 2.89 1.97 3.05 0.00 0.23 Mexico 0.10 0.24 3.84 4.03 4.07 0.00 0.12 2014/15 Est. Beginnin g Stock s Productio n Import sDomesti c CrushDomesti c Total Export sEndin g Stock s World 2/ 62.77 318.25 114.60 256.88 293.97 117.95 83.70 United States 2.50 108.01 0.82 49.40 53.10 49.26 8.97 Total Foreign 60.26 210.24 113.79 207.48 240.87 68.69 74.73 Major Exporters 3/ 42.10 166.00 0.41 82.70 90.97 61.73 55.81 Argentina 26.05 59.50 0.00 39.60 44.60 8.00 32.95 Brazil 15.95 94.50 0.40 39.30 42.45 45.65 22.75 Paraguay 0.08 8.50 0.01 3.60 3.70 4.80 0.09 Major Importers 4/ 15.55 15.45 99.52 97.00 114.68 0.31 15.51 China 14.43 12.35 73.50 73.85 85.70 0.20 14.38 European Union 0.28 1.69 12.75 13.55 14.37 0.08 0.27 Japan 0.23 0.23 2.85 1.97 3.04 0.00 0.26 Mexico 0.12 0.36 4.03 4.28 4.32 0.00 0.18 2015/16 Proj. Beginnin g Stock s Productio n Import s Do mestic CrushDomesti c Total Export s Endin g Stock s World 2/ May 85.54 317.30 119.63 266.22 304.28 121.98 96.22 Jun 83.70 317.58 119.73 267.79 305.64 122.15 93.22 United States May 9.51 104.78 0.82 49.67 53.19 48.31 13.61 Jun 8.97 104.78 0.82 49.80 53.33 48.31 12.93 Total Foreign May 76.03 212.52 118.81 216.56 251.09 73.67 82.61 Jun 74.73 212.80 118.91 217.99 252.31 73.84 80.29 Major Exporters 3/ May 56.99 166.30 0.56 85.30 93.75 66.13 63.97 Jun 55.81 166.30 0.46 86.30 94.75 66.13 61.69 Argentina May 31.95 57.00 0.00 42.50 47.60 8.50 32.85 Jun 32.95 57.00 0.00 42.50 47.60 8.50 33.85 Brazil May 24.93 97.00 0.55 38.50 41.73 49.75 31.00 Jun 22.75 97.00 0.45 39.50 42.73 49.75 27.72 Paraguay May 0.09 8.80 0.01 4.10 4.20 4.60 0.10 Jun 0.09 8.80 0.01 4.10 4.20 4.60 0.10 Major Importers 4/ May 15.48 14.81 104.15 100.66 118.97 0.38 15.08 Jun 15.51 14.89 103.95 100.76 118.90 0.38 15.07 China May 14.38 11.50 77.50 77.10 89.25 0.25 13.88 Jun 14.38 11.50 77.50 77.10 89.25 0.25 13.88 European Union May 0.27 1.90 12.80 13.70 14.53 0.10 0.34 Jun 0.27 1.98 12.80 13.80 14.63 0.10 0.32 Japan May 0.26 0.22 2.85 1.97 3.05 0.00 0.28 Jun 0.26 0.22 2.85 1.97 3.05 0.00 0.28 Mexico May 0.18 0.36 4.05 4.35 4.39 0.00 0.20 Jun 0.18 0.36 4.05 4.35 4.39 0.00 0.20 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an Octobe r-September year. 2/ World i mports and exports may not balance due to differences in local marketing years and to time lags be tween reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japa n, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Phil ippines, Vietnam, and Thailand). June 2015 WASDE - 542 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 9.72 189.47 57.94 186.15 60.00 10.98 United States 0.25 36.91 0.31 26.76 10.48 0.23 Total Foreign 9.47 152.56 57.64 159.39 49.52 10.75 Major Exporters 3/ 7.19 63.07 0.03 20.60 41.66 8.03 Argentina 3.74 27.89 0.00 1.90 24.97 4.76 Brazil 3.10 28.54 0.03 14.65 13.95 3.07 India 0.35 6.64 0.01 4.05 2.74 0.20 Major Importers 4/ 0.90 14.52 33.88 47.67 0.36 1.27 European Union 0.12 10.59 18.18 28.44 0.30 0.14 Southeast Asia 5/ 0.69 2.44 13.72 15.85 0.06 0.95 2014/15 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 10.98 202.64 60.73 197.81 63.71 12.83 United States 0.23 39.46 0.32 28.21 11.52 0.27 Total Foreign 10.75 163.17 60.41 169.59 52.19 12.55 Major Exporters 3/ 8.03 66.92 0.03 21.71 44.00 9.27 Argentina 4.76 30.58 0.00 2.22 28.50 4.62 Brazil 3.07 30.42 0.03 14.98 14.20 4.33 India 0.20 5.92 0.01 4.51 1.30 0.32 Major Importers 4/ 1.27 14.82 36.33 50.39 0.41 1.62 European Union 0.14 10.70 19.55 29.74 0.34 0.31 Southeast Asia 5/ 0.95 2.63 14.83 17.25 0.07 1.08 2015/16 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ May 11.44 209.80 63.77 207.13 66.81 11.06 Jun 12.83 210.99 63.76 207.98 67.04 12.57 United States May 0.27 39.30 0.30 28.94 10.66 0.27 Jun 0.27 39.39 0.30 29.03 10.66 0.27 Total Foreign May 11.16 170.49 63.48 178.19 56.15 10.79 Jun 12.55 171.60 63.47 178.95 56.38 12.29 Major Exporters 3/ May 7.93 70.12 0.03 22.66 47.88 7.55 Jun 9.27 70.89 0.03 23.09 48.10 9.01 Argentina May 4.35 32.96 0.00 2.30 31.00 4.01 Jun 4.62 32.96 0.00 2.50 31.00 4.08 Brazil May 3.18 29.80 0.03 15.25 14.48 3.28 Jun 4.33 30.57 0.03 15.45 14.78 4.70 India May 0.40 7.36 0.01 5.11 2.40 0.26 Jun 0.32 7.36 0.01 5.14 2.33 0.23 Major Importers 4/ May 1.62 15.10 38.15 52.77 0.48 1.62 Jun 1.62 15.17 38.15 52.82 0.48 1.64 European Union May 0.31 10.80 20.10 30.49 0.40 0.32 Jun 0.31 10.87 20.10 30.54 0.40 0.34 Southeast Asia 5/ May 1.08 2.80 16.10 18.87 0.08 1.04 Jun 1.08 2.80 16.10 18.87 0.08 1.04 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Ar gentina, Brazil, and India. 4/ European Union, Southeast Asia , and Japan. 5/ Indonesia, Malaysia, Ph ilippines, Vietnam, and Thailand. June 2015 WASDE - 542 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 3.76 45.00 9.35 45.36 9.37 3.39 United States 0.77 9.13 0.08 8.60 0.85 0.53 Total Foreign 2.99 35.87 9.28 36.76 8.52 2.86 Major Exporters 3/ 0.86 16.40 0.33 10.47 6.24 0.88 Argentina 0.26 6.79 0.01 2.73 4.09 0.24 Brazil 0.40 7.07 0.00 5.77 1.38 0.33 European Union 0.20 2.55 0.33 1.98 0.77 0.32 Major Importers 4/ 1.41 14.22 4.59 18.67 0.22 1.33 China 1.02 12.34 1.35 13.66 0.09 0.96 India 0.25 1.48 1.83 3.30 0.00 0.26 North Africa 5/ 0.14 0.41 1.40 1.71 0.13 0.12 2014/15 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 3.39 47.84 9.54 47.34 10.01 3.41 United States 0.53 9.41 0.10 8.62 0.86 0.56 Total Foreign 2.86 38.43 9.44 38.72 9.15 2.86 Major Exporters 3/ 0.88 17.62 0.32 11.06 6.73 1.03 Argentina 0.24 7.50 0.02 2.90 4.56 0.30 Brazil 0.33 7.54 0.00 6.09 1.37 0.41 European Union 0.32 2.58 0.30 2.07 0.80 0.33 Major Importers 4/ 1.33 14.99 4.59 19.56 0.23 1.11 China 0.96 13.23 0.90 14.18 0.10 0.80 India 0.26 1.32 2.25 3.60 0.00 0.22 North Africa 5/ 0.12 0.45 1.44 1.78 0.13 0.09 2015/16 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ May 3.26 49.64 10.19 48.94 10.63 3.53 Jun 3.41 49.95 10.18 49.17 10.78 3.60 United States May 0.56 9.57 0.08 8.66 0.91 0.64 Jun 0.56 9.60 0.08 8.71 0.91 0.61 Total Foreign May 2.70 40.07 10.11 40.27 9.72 2.89 Jun 2.86 40.36 10.10 40.46 9.87 2.99 Major Exporters 3/ May 0.88 18.04 0.21 11.04 7.15 0.94 Jun 1.03 18.25 0.21 11.15 7.30 1.04 Argentina May 0.33 8.05 0.01 2.96 5.10 0.33 Jun 0.30 8.05 0.01 2.96 5.10 0.30 Brazil May 0.22 7.39 0.00 6.12 1.25 0.24 Jun 0.41 7.58 0.00 6.23 1.38 0.38 European Union May 0.33 2.60 0.20 1.96 0.80 0.37 Jun 0.33 2.62 0.20 1.96 0.82 0.37 Major Importers 4/ May 1.08 15.92 5.25 20.87 0.22 1.15 Jun 1.11 15.92 5.25 20.87 0.22 1.18 China May 0.80 13.81 1.30 15.03 0.08 0.80 Jun 0.80 13.81 1.30 15.03 0.08 0.80 India May 0.19 1.63 2.45 4.00 0.00 0.27 Jun 0.22 1.63 2.45 4.00 0.00 0.30 North Africa 5/ May 0.09 0.48 1.50 1.84 0.14 0.08 Jun 0.09 0.48 1.50 1.84 0.14 0.08 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and i mports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. June 2015 WASDE - 542 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Mea t 2/Broiler Turkey Total Poultry 3 /Red Meat & PoultryEgg Milk Million Pounds Mil doz Bil lbs 2014 II 6,184 5,504 11,754 9,618 1, 428 11,180 22,934 2,066 52.9 III 6,179 5,424 11,663 9,835 1, 478 11,448 23,111 2,099 51.2 IV 6,021 6,131 12,212 9,814 1, 517 11,459 23,671 2,139 51.0 Annual 24,252 22,843 47,345 38,550 5, 756 44,827 92,171 8,335 206.0 2015 I 5,664 6,161 11,883 9,717 1, 429 11,273 23,156 2,059 51.9 II* 5,995 5,885 11,937 10,075 1, 375 11,582 23,519 1,990 53.6 III* 6,220 5,905 12,183 10,300 1, 375 11,807 23,990 1,935 51.5 IV* 6,130 6,505 12,697 10,225 1, 425 11,775 24,472 2,010 51.7 Annual May Proj. 24,274 24,396 48,906 40,161 5, 979 46,677 95,583 8,323 208.6 Jun Proj. 24,009 24,456 48,700 40,317 5, 604 46,437 95,137 7,994 208.7 2016 I* 5,825 6,115 11,996 10,025 1, 350 11,500 23,496 1,975 53.4 Annual May Proj. 24,505 24,700 49,438 40,975 6, 210 47,740 97,178 8,525 213.6 Jun Proj. 24,735 24,700 49,668 41,175 6, 010 47,725 97,393 8,141 213.9 * Projection. 1/ Commercial produc tion for red meats; federally inspected for poultr y meats. 2/ Beef, pork, veal and lamb & mut ton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/Barrows and gilts 3/Broilers 4/Turkeys 5/Eggs 6/Milk 7/ Dol./cw t Dol./cw t Cents/lb. Cents/lb. Cents/doz. Dol./cw t 2014 II 147.82 85.40 113.7 105.6 134.6 24.23 III 158.49 83.30 104.6 110.2 129.3 24.40 IV 165.60 66.74 102.8 113.9 162.7 22.77 Annual 154.56 76.03 104.9 107.6 142.3 23.97 2015 I 162.43 48.47 97.0 99.6 146.9 17.00 II* 159-162 54-55 103-106 107-110 164-167 16.40-16.60 III* 157-165 51-53 99-105 109-115 156-164 17.50-18.00 IV* 156-170 43-47 96-104 115-125 173-187 17.80-18.60 Annual May Proj. 159-166 48-50 99-103 104-108 130-136 17.10-17.60 Jun Proj. 159-165 49-51 99-103 108-112 160-166 17.15-17.55 2016 I* 154-166 45-49 97-105 102-110 149-161 17.25-18.25 Annual May Proj. 156-169 44-48 99-107 104-113 128-139 17.45-18.45 Jun Proj. 155-168 44-48 99-107 106-114 136-147 17.45-18.45 *Projection. 1/ Simple average of months. 2/ 5-Area, Direct, Total all grades 3/ Na tional Base, Live equiv 51-52% lean. 4/ Whol esale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. June 2015 WASDE - 542 - 32 U.S. Meats Supply and Use Item Beginning stocksProduction 1/ ImportsTotal Supply ExportsEnding StocksTotal UsePer Capita 2/ 3/ Million Pounds /4 Beef 2014 584 24,320 2,947 27,850 2,573 591 24,686 54.2 2015 Proj. May 591 24,339 3,116 28,046 2,461 560 25,025 54.6 Jun 591 24,074 3,316 27,981 2,461 560 24,960 54.4 2016 Proj. May 560 24,569 2,820 27,949 2,510 560 24,879 53.9 Jun 560 24,799 2,920 28,279 2,510 560 25,209 54.6 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2014 618 22,861 1,007 24,486 4,858 559 19,069 46.4 2015 Proj. May 559 24,414 1,178 26,151 4,865 610 20,676 50.0 Jun 559 24,474 1,158 26,191 4,915 610 20,666 49.9 2016 Proj. May 610 24,718 1,020 26,348 5,125 610 20,613 49.5 Jun 610 24,718 1,020 26,348 5,125 610 20,613 49.5 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2014 1,230 47,441 4,149 52,820 7,438 1,190 44,192 101.9 2015 Proj. May 1,190 49,000 4,487 54,676 7,335 1,209 46,132 105.7 Jun 1,190 48,794 4,667 54,650 7,385 1,209 46,056 105.5 2016 Proj. May 1,209 49,531 4,030 54,770 7,646 1,208 45,916 104.5 Jun 1,209 49,761 4,130 55,100 7,646 1,208 46,246 105.2 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2014 669 38,137 117 38,923 7,304 680 30,939 83.4 2015 Proj. May 680 39,731 117 40,529 6,804 725 33,000 88.3 Jun 680 39,886 117 40,683 6,754 775 33,154 88.7 2016 Proj. May 725 40,537 116 41,378 7,215 685 33,478 89.0 Jun 775 40,734 116 41,625 7,215 685 33,725 89.6 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2014 237 5,756 29 6,022 804 193 5,024 15.8 2015 Proj. May 193 5,979 29 6,201 724 300 5,177 16.1 Jun 193 5,604 29 5,826 669 200 4,957 15.4 2016 Proj. May 300 6,210 28 6,538 790 275 5,473 16.9 Jun 200 6,010 28 6,238 750 250 5,238 16.2 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2014 912 44,414 148 45,474 8,218 876 36,379 100.5 2015 Proj. May 876 46,247 147 47,270 7,657 1,030 38,583 105.7 Jun 876 46,005 147 47,028 7,552 979 38,498 105.3 2016 Proj. May 1,030 47,301 146 48,477 8,137 965 39,375 107.2 Jun 979 47,284 146 48,409 8,097 939 39,373 107.1 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2014 2,142 91,855 4,297 98,294 15,656 2,066 80,572 202.3 2015 Proj. May 2,066 95,247 4,634 101,946 14,992 2,239 84,716 211.4 Jun 2,066 94,799 4,814 101,679 14,937 2,188 84,554 210.8 2016 Proj. May 2,239 96,832 4,176 103,247 15,783 2,173 85,291 211.7 Jun 2,188 97,045 4,276 103,509 15,743 2,147 85,619 212.3 1/ Total including farm production for red meats and, for pou ltry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis for red meat and broilers; certified ready-to-cook weight for turkey. 3/ Populati on source: Dept. of Commerce, Census Bureau . 4/ Carcass weight for red meats and cer tified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. June 2015 WASDE - 542 - 33 U.S. Egg Supply and Use Commodity 2013 2014 2015 Proj. 2015 Proj. 2016 Proj. 2016 Proj. May Jun May Jun Eggs Million Dozen Supply Beginning Stocks 20.8 23.0 23.3 23.3 24.0 18.0 Production 8,144.6 8,334.8 8,323.0 7 ,994.0 8,525.0 8,141.0 Imports 16.9 32.8 31.4 41.4 44.0 48.0 Total Supply 8,182.3 8,390.6 8,377.7 8 ,058.7 8,593.0 8,207.0 Use Exports 371.9 395.4 389.3 369.3 396.0 385.0 Hatching Use 964.8 980.7 1,001.4 1, 011.4 1,012.0 1,020.0 Ending Stocks 23.0 23.3 24.0 18.0 25.0 20.0 Disappearance Total 6,822.6 6,991.2 6,963.0 6 ,660.0 7,160.0 6,782.0 Per Capita (number) 258.7 263.3 260.3 248.9 265.8 251.7 Total U.S. Milk Supply and Use Commodity 2013 2014 2015 Proj. 2015 Proj. 2016 Proj. 2016 Proj. May Jun May Jun Milk Billion Pounds Production 201.2 206.0 208.6 208.7 213.6 213.9 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 12.2 11.2 11.2 11.2 11.3 11.3 Marketings 200.3 205.1 207.6 207.8 212.6 212.9 Imports 3.7 4.3 4.8 5.0 4.3 4.4 Total Cml. Supply 216.2 220.6 223.6 224.0 228.3 228.6 Fat Basis Use Commercial Exports 12.4 12.5 10.8 10.9 11.5 11.5 Ending Commercial Stocks 11.2 11.2 11.3 11.3 11.8 11.9 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 192.6 196.9 201.5 201.8 205.0 205.2 Skim-solid Basis Supply Beg. Commercial Stocks 12.4 11.7 13.1 13.1 12.5 12.2 Marketings 200.3 205.1 207.6 207.8 212.6 212.9 Imports 5.3 5.6 5.7 5.7 5.6 5.6 Total Cml. Supply 217.9 222.3 226.4 226.6 230.7 230.7 Skim-solid Basis Use Commercial Exports 38.5 39.2 37.8 38.7 39.1 39.5 Ending Commercial Stocks 11.7 13.1 12.5 12.2 12.9 12.9 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 167.7 170.1 176.2 175.7 178.8 178.3 Total Note: Totals may not add due to rounding. June 2015 WASDE - 542 - 34 U.S. Dairy Prices Commodity 2013 2014 2015 Proj. 2015 Proj. 2016 Proj. 2016 Proj. May Jun May Jun Product Prices 1/ Dollars Pe r Pound Cheese 1.7683 2.1551 1.615- 1.6651.635- 1.6751.610- 1.7101.610- 1.710 Butter 1.5451 2.1361 1.810- 1.8901.800- 1.8701.725- 1.8551.720- 1.850 Nonfat Dry Milk 1.7066 1.7682 1.025- 1.0651.005- 1.0451.215- 1.2851.195- 1.265 Dry Whey 0.5902 0.6538 0.475- 0.5050.465- 0.4850.515- 0.5450.505- 0.535 Filler Dollars Pe r Cwt Milk Prices 2/ Class III 17.99 22.34 16.05- 16.5516.15- 16.5516.20- 17.2016.15- 17.15 Class IV 19.05 22.09 14.35- 14.9514.20- 14.7015.60- 16.7015.40- 16.50 All Milk 3/ 20.05 23.97 17.10- 17.6017.15- 17.5517.45- 18.4517.45- 18.45 1/ Simple average of monthly prices calculated by AMS from w eekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deduc tions from producers as authorized by legislation. June 2015 WASDE - 542 - 35 Note: Tables on pages 35-37 present a record of the June proj ection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that ch ances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 3.2 percent. Chances are 9 out of 10 (90% confidence level) that the differe nce will not exceed 5.4 percent. The average difference between the June projection and the final estimate is 16.3 million tons, ra nging from 0.4 million to 32.2 million tons. The June projection has been below the estimate 21 times and above 13 times. Reliability of June Projections 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final WHEAT Percent Million Metric Tons Production Worl d 3.2 5.4 16.3 0.4 32.2 21 13 U.S. 5.8 9.9 2.7 0.0 8.4 20 14 Forei gn 3.3 5.7 15.1 1.1 31.9 20 13 Exports Worl d 6.2 10.6 6.0 0.0 19.2 23 10 U.S. 12.1 20.6 2.9 0.1 10.2 20 14 Forei gn 6.7 11.4 5.1 0.6 19.8 25 8 Domestic Use Worl d 2.2 3.8 9.8 0.5 27.5 21 13 U.S. 7.3 12.4 1.9 0.0 6.4 18 16 Forei gn 2.2 3.7 9.5 0.6 28.6 22 11 Ending Stocks Worl d 10.6 18.0 12.5 1.7 35.0 22 12 U.S. 19.3 32.8 3.4 0.1 14.9 19 15 Forei gn 10.8 18.4 10.4 0.8 30.0 21 12 COARSE GRAINS 2/ Production Worl d 3.8 6.4 26.3 0.6 103.3 18 16 U.S. 14.5 24.7 21.1 1.0 103.8 16 18 Forei gn 2.8 4.7 13.8 0.4 41.6 17 16 Exports Worl d 7.9 13.4 7.6 0.3 20.0 23 11 U.S. 30.6 52.0 8.5 0.1 30.8 14 20 Forei gn 14.4 24.5 6.8 0.5 19.2 21 12 Domestic Use Worl d 2.0 3.3 14.0 0.7 66.7 15 19 U.S. 6.0 10.2 8.1 0.1 37.0 21 13 Forei gn 1.9 3.3 10.2 0.1 33.5 16 17 Ending Stocks Worl d 20.8 35.3 22.9 3.4 69.9 22 12 U.S. 53.6 91.0 17.2 0.5 57.6 17 17 Forei gn 16.5 28.0 12.7 0.1 41.6 24 9 RICE, milled Production Worl d 2.5 4.2 7.2 0.3 21.8 22 12 U.S. 6.8 11.6 0.3 0.0 1.1 20 14 Forei gn 2.5 4.3 7.1 0.4 21.9 21 12 Exports Worl d 9.9 16.9 1.6 0.1 7.5 25 9 U.S. 11.6 19.7 0.2 0.0 1.0 18 13 Forei gn 10.9 18.5 1.6 0.1 7.1 25 8 Domestic Use Worl d 2.0 3.3 4.9 0.0 20.3 23 11 U.S. 8.8 15.0 0.2 0.0 0.5 15 19 Forei gn 2.0 3.4 4.9 0.0 20.8 24 9 Ending Stocks Worl d 14.9 25.2 6.0 0.2 15.7 23 11 U.S. 33.5 56.8 0.3 0.0 0.9 19 13 Forei gn 16.2 27.5 6.1 0.4 15.3 23 10 1/ Footnotes at end of table. CONTINUED June 2015 WASDE - 542 - 36 Reliability of June Projections (Continued) Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final SOYBEANS Percent Million Metric Tons Production World NA NA 11.7 1.5 27.9 4 7 U.S. 9.1 15.5 4.4 0.0 12.0 16 18 Foreign NA NA 9.9 1.2 23.9 5 5 Exports World NA NA 4.7 0.5 10.0 5 6 U.S. 15.7 26.6 3.0 0.3 6.4 20 14 Foreign NA NA 3.3 0.4 8.3 5 5 Domestic Use World NA NA 6.7 0.3 17.0 4 7 U.S. 6.6 11.1 2.1 0.1 7.2 20 14 Foreign NA NA 5.5 0.4 11.4 4 6 Ending Stocks World NA NA 5.0 0.2 12.7 6 5 U.S. 58.8 99.7 2.8 0.4 8.4 10 24 Foreign NA NA 5.2 0.7 13.3 6 4 COTTON Million 480-Pound Bales Production World 6.0 10.2 4.0 0.0 16.4 20 13 U.S. 10.3 17.5 1.5 0.1 5.7 17 17 Foreign 6.2 10.4 3.2 0.2 12.4 20 13 Exports World 10.8 18.3 2.3 0.1 12.4 18 16 U.S. 30.8 52.2 1.4 0.1 3.9 21 13 Foreign 13.9 23.6 1.8 0.1 9.9 17 16 Domestic Use World 4.6 7.9 3.0 0.1 17.1 13 21 U.S. 9.8 16.6 0.5 0.0 1.4 17 16 Foreign 4.8 8.1 3.0 0.0 16.3 16 17 Ending Stocks World 18.1 30.7 6.6 0.9 18.6 24 10 U.S. 42.6 72.4 1.5 0.1 4.6 18 16 Foreign 17.3 29.4 5.5 0.3 17.7 25 8 1/ Marketing years 1981/82 through 2014/15 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the ma rketing year for 1981/82 through 2013/14, and for 2014/15 last month’s estimate. 2/ Includes corn, sorghum, ba rley, oats, rye, millet, and mixed grain. June 2015 WASDE - 542 - 37 Reliability of United States June Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final CORN Percent Million Bushels Production 17.2 29.2 834 8 4,010 17 17 Exports 32.2 54.6 308 38 1,150 15 19 Domestic Use 14.3 24.2 489 10 5,888 21 13 Ending Stocks 64.3 109.2 621 40 2,091 17 17 SORGHUM Production 20.6 34.9 88 0 228 14 19 Exports 34.8 59.1 47 0 190 15 18 Domestic Use 23.3 39.6 52 0 139 14 19 Ending Stocks 70.1 118.9 49 2 191 11 23 BARLEY Production 14.9 25.2 29 1 206 12 22 Exports 73.5 124.7 15 0 92 17 14 Domestic Use 12.1 20.5 32 0 95 16 17 Ending Stocks 22.4 38.0 23 3 79 14 20 OATS Production 24.4 41.4 32 1 231 7 27 Exports 118.3 200. 71088 1 2 Domestic Use 11.3 19.2 22 5 160 13 21 Ending Stocks 29.1 49.4 18 0 77 10 22 SOYBEAN MEAL Thousand Short Tons Production 6.0 10.1 1,378 57 4,919 21 13 Exports 18.7 31.7 1,061 50 2,650 22 12 Domestic Use 4.9 8.4 937 24 4,650 17 17 Ending Stocks 47.3 80.3 56 0 488 12 14 SOYBEAN OIL Million Pounds Production 5.6 9.5 670 18 2,330 24 10 Exports 35.1 59.6 485 25 1,700 19 15 Domestic Use 4.2 7.2 434 0 2,100 20 13 Ending Stocks 39.1 66.3 463 0 1,432 17 16 ANIMAL PROD. 3/ Million Pounds Beef 4.2 7.3 820 41 2,727 15 6 Pork 3.5 6.1 553 61 1,722 14 7 Broilers 2.6 4.4 729 87 1,465 9 12 Turkeys 4.1 7.1 172 2 478 11 10 Million Dozen Eggs 1.3 2.3 78 2 209 14 7 Billion Pounds Milk 1.7 2.9 2.3 0.0 7.0 11 9 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2014/15 for grains, soybeans, and cotton. Final for grains , soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2013/14, and for 2014/15 last month’s estimate. Calendar years 1982 through 2014 for meats, eggs, and milk. Final for an imal products is defined as the latest annual production estimate published by NASS for 1982-2014. WASDE-542-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at http://www.fas.usda.gov/psd/online . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric-Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 . UNITED STATES DEPARTMENT OF AGRICULTURE WORLD AGRICULTURAL OUTLOOK BOARD WASHINGTON, D.C. 20250-3812 ___________________ OFFICIAL BUSINESS Penalty for Private Use, $300 FIRST-CLASS MAIL POSTAGE & FEES PAID USDA PERMIT NO. G-289 World Agricultural Supply and Demand Estimates WASDE-542 – June 10, 2015 Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e-mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu . Select the “Reports by E-Mail” bar to sign up. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250-9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 601 Approved by the World Agricultura l Outlook Board June 11, 2020 WHEAT: U.S. 2020/21 wheat supplies are up on a larger crop and a slight increase in beginning stocks. The change in beginning stocks reflects a 5 -million -bushel reduction in 2019/20 exports. Winter wheat production is forecast up 11 million bushels to 1,266 mil lion with increases in Hard Red Winter and White Winter more than offsetting small decrease for Soft Red Winter. Total 2020/21 wheat production is now forecast at 1,877 m illion bushels, and total supplies are raised 16 million to 3,000 million. Domestic use and exports for the new marketing year are unchanged this month, and ending stocks are raised 16 million bushels to 925 million, which is a 6- year low. World 2020/21 wheat supplies are raised 5.7 million tons on a 4.9 -million -ton production increase and higher beginning stocks. India production is raised 4.2 million tons, and Australia is up 2.0 million, both on updated government statistics. India’s crop is projec ted to be record -large, and Australia’s crop is expected to rebound on improved condi tions following two consecutive years of drought. Turkey and China are both increased by 1.0 million tons. Partly offsetting these changes are crop reductions of 2.0 million tons for the EU and 1.5 million for Ukraine, both reflecting dry conditions during key parts of the growing season. Projected 2020/21 global exports are raised 0.9 million tons to 188.9 million, led by a 2.0 - million -ton increase for Australia on larger supplies, and a 1.0- million increase for Russia on reduced export competition from Ukraine. Exports are lowered 1.5 million tons for Ukraine and 0.5 million for the EU, both on smaller crops. With increased supplies, and global use lowered fractionall y, world ending stocks are raised 6.0 million tons to a record- high 316.1 million, wi th China and India accounting for 51 percent and 10 percent of the total, respectively. COARSE GRAINS: This month’s 2020/21 U.S. corn outlook is little changed from last month, with fractional increases to beginning and ending stocks. Beginning stocks are raised, as a 45 -million -bushel reduction in estimated production for 2019/20 is largely offset by a 50 -million -bushel reduction in projected corn used for ethanol. Corn used for ethanol is lowered reflecting a slower -than-expected rebound in ethanol production as indicated by Energy Information Administration data during the month of May and into early June. For 2020/21, with supply up slightly and no changes to projected use, ending stocks are 5 million bushels higher at 3.3 billion bushels. The season -average farm price is unchanged at $3.20 per bushel. The global coarse grain production forecast for 2020/ 21 is raised 3.2 million tons to 1,484.6 million. This mon th’s foreign coarse grain outlook is for larger production, increased use, and lower stocks relative to last month. Brazil corn production is raised based on higher expected area. Barley producti on is raised for the EU, based mostly on a forecast increas e for the United Kingdom that is partly offset by a reduction for France. Barley production is raised for Australia, but lowered for Ukraine, India, and Russia. For 2019/20, Brazil corn WASDE- 601-2 production is unchanged, as higher indicated area is offset by a reduction in yield. Yield prospects for much of the Center -West are generally favorable in contrast to the South where conditions have been poor. Major global trade changes for 2020/21 include a la rger corn export forecast for Zambia, with increases in corn imports for Thailand and Honduras. Barley exports are lowered for Australia, based on a reduction in projected imports for China. For 2019/20, corn exports are raised for Argentina but lowered for Brazil for the local marketing year beginning March 2020 based on observed data through early June. Foreign corn ending stocks for 2020/21 are lowered from last month, mostly reflecting reductions for China, Argentina, South Africa, and Paraguay that more than offset increases for Brazil and India. RICE: The outlook for 2020/21 U.S. rice this month is for larger supplies, greater domestic use, reduced exports, and increased ending stocks. Most of the 2020/21 revisions are the result of 2019/20 supply and use changes. The 2020/21 all rice beginning stocks ar e increased 1.5 million cwt to 32.0 million, a result of higher 2019/20 imports, now forecast at a near-record 33.5 million, raising 2019/20 ending stocks. All of the increase in 2019/20 imports i s for long -grain, based on a record import pace to date, pr imarily aromatics from Thailand. L ong-term growth in imports is expected to continue in 2020/21 as projected imports are raised 1.0 million cwt to a record- high 33.6 million. The combination of increased beginning stocks and higher imports raises 2020/21 total supplies by 2.5 million cwt to 281.8 million. Total 2019/20 domestic use and residual is raised 2.0 million cwt to 135.0 million, based on the higher import forecast. Similarly, total 2020/21 domestic use is also raised by 2.0 million cwt to 139.5 million, based on higher imports. Total 2019/20 exports are lowered by 2.0 million cwt to 96.0 million, all for long -grain as the U.S. is becoming increasingly uncompetitive as the marketing year nears completion. Total 2020/21 exports are reduced by 1. 0 million cwt to 99.0 million, all based on lower long- grain exports as the U.S. is expected to remain uncompetitive early in the marketing year. Projected 2020/21 all rice ending stocks are raised 1.5 million cwt to 43.3 million, up 35 percent from the 2019/20 revised ending stocks. The 2020/21 all rice season -average farm price (SAFP) is unchanged at $12.90 per cwt, compared to the upwardly revised 2019/20 SAFP of $13.10. The 2020/21 global outlook is for larger supplies, fractionally lower consumpti on and trade, and increased stocks. Supplies are raised by 1.0 million tons to a record 683.3 million, mainly on higher beginning stocks for China and Thailand. World production is only fractionally higher at 502.1 million tons as increases for Brazil and Nigeria are almost completely off set by a reduction for Vietnam, with global production remaining record high. World 2020/21 consumption is lowered by 0.1 million tons to 498.0 million, still a record, as decreases for Vietnam and Philippines are not co mpletely offset by increases for Br azil, China, Nigeria, and the U.S. Global trade is reduced 0.3 million tons to 44.9 million, primarily on lower exports from Vietnam and China. Projected 2020/21 world ending stocks are raised 1.2 million tons to a reco rd high of 185.4 million with China accounting for 63 percent of the total. OILSEEDS: This month’s U.S. soybean supply and use projections for 2020/21 include higher beginning stocks, higher crush, and slightly lower ending stocks. Beginning stocks are raised 5 million bushels with higher crush for 2019/20 more -than- offset with lower production and a lower export forecast. Lower 2019 production reflects the latest re- survey by NASS for North Dakota. The 2019/20 soybean crush is raised 15 million bushel s WASDE- 601-3 reflecting increased domestic soybean meal use. Soybean exports are reduced 25 million bushels on increased competition from South America. Increased beginning stocks for 2020/21 are more than offset with a higher soybean crush forecast, which is raised along with increased domestic soybean meal use. With higher soybean crush more than offsetting higher beginning stocks, 2020/21 ending stocks are projected at 395 million bushels. The 2020/21 season- average soybean and product price forecasts are uncha nged this month. The 2020/21 global oilseed supply and demand forecasts include slightly higher production and lower ending stocks compared to last month. Higher peanut, soybean, and sunflowerseed production is partly offset by lower cottonseed output. A notable revision to production is for EU canola, lowered 0.2 million tons to 16.8 million, based largely on lower yields for Germany. The EU revision is offset by higher Australian canola production. The 2020/21 soybean ending stocks are lowered 2.1 mi llion tons to 96.3 million, mainly reflecting lower carryin due to revisions to 2019/20 balance sheets. For 2019/20, soybean exports are increased 1 million tons each for Argentina and Brazil based on the recent pace of shipments and reflect increased cru sh demand and imports for China. Partly offsetting is reduced 2019/20 U.S. exports. Th ese revisions result in higher stocks for China and lower stocks for South America. SUGAR: U.S. sugar supply for 2019/20 is increased 284,479 short tons, raw value (S TRV) to 13.822 million based on an increase in estimated imports. Imports from Mexico a re increased by 204,479 STRV on greater export supply availability. High-tier tariff imports are increased by 80,000 STRV to 230,000 on pace and on favorable margins between U.S. and world sugar prices. Deliveries for human consumption for 2019/20 are reduced by 75,000 STRV to 12.050 million based on an initial analysis of the effects of pandemic lockdowns on the demand for sugar. Deliveries for human consumption for 2020/21 are unchanged at 12.125 million STRV. Ending stocks for 2019/20 are residually calculated at 1.632 million STRV, an increase of 359,479. The ending stocks -to-use ratio is at 13.4 percent, up from 10.4 percent last month. For 2020/21 the increase in beginning stocks is exactly offset by a decrease in projected imports from Mexico. There are no other changes made for 2020/21. The Secretary of Agriculture has not yet announced additional quantities of specialty sugar beyond the WTO minimum quantity . The ending stocks -to-use ratio for 2020/21 remains at 12.0 percent. Mexico production for 2019/20 is estimated at 5.230 million metric tons (MT). This is an increase of 105,000 MT on increases in field and factory yields only partially offset by lower area harvested as the production campaign winds down. Deliveries of domestically produced sugar to the IMMEX program are reduced by 70,000 MT based on reporting by the FAS Mexico City Post. Exports to the U.S. market are increased by 175,000 MT to 1.074 million on the increase of exportable supply. There ar e no changes for the 2020/21 Mexico sugar balance. Ending stocks for both 2020/21 and 2019/20 are set equal to 2.5 months of forecast domestic sugar deliveries before the start of the succeeding sugarcane harvest. Although total exports for 2020/21 are unchanged, exports to the U.S. market are reduced by 307,245 MT and exports to third -country destinations are increased by the same amount. LIVESTOCK, POULTRY, AND DAIRY : The forecast for 2020 red meat and poultry production is raised from last month as higher forecast beef, pork, and broiler production more than offsets lower turkey production. The increase in beef and pork production largely reflects a faster -than-anticipated recovery in the pace of slaughter. The broiler production WASDE- 601-4 forecast is raised as broiler hatchery data points towards higher expected production in the second half of the year. Turkey production is lowered slightly on recent production data and a slower expected growth in expansion. Egg production is lowered from the previous mon th. The 2021 red meat and poultry production forecast is raised from the previous month. The beef production forecast is raised on higher expected cattle placements in the second half of 2020 which will be marketed in 2021. Pork production is unchanged from last month. The Quarterly Hogs and Pigs report will be released on June 25 and provide an indication of producers’ farrowing intentions for the second half of 2020; these are hogs which will li kely be marketed in first -half 2021. The broiler production forecast for 2021 is unchanged from last month, but turkey production is reduced as forecast slower growth in 2020 production is carried into 2021. The egg production forecast is reduced from the previous month. The beef import forecast is raised f or 2020 on recent trade data and increased domestic demand for processing grade beef, while the beef export forecast is raised on higher expected beef exports later in the year. No change is made to the 2021 beef trade forecast. The pork export forecast for 2020 is raised from the previous month, largely on the current pace of exports. No change is made to the 2021 pork trade forecast. No change is made to 2020 and 2021 broiler export forecasts. T urkey export forecasts are lowered for 2020 and 2021 on weaker export demand. For 2020, cattle price forecasts are raised, reflecting current price strength and increased packer demand. For 2021, cattle prices are also raised on expected continued strength of packer demand in the first part of the year. The 2020 hog price forecast is reduced on current price weakness and increased supply pressure. Broiler price forecasts are reduced for the remainder of the year while the turkey price forecast is raise d slightly on higher second -quarter prices. Egg price f orecasts for 2020 are reduced on current price weakness and weaker demand. The 2021 hog, broiler, turkey and egg price forecasts are unchanged from last month. Milk production for 2020 is raised fr om last month on higher expected cow numbers. The fat basis import forecast is raised from the previous month on higher imports of butter fat products, while the fat basis export forecast is reduced on lower expected sales of cheese. The 2020 skim -solids basis import forecast is raised from last month on rece nt trade data and expectations of higher imports of a number of dairy products. The skim -solids basis export forecast is raised primarily on higher skim milk powder and lactose exports. Price foreca sts for cheese, butter, and nonfat dry milk are raised f rom the previous month on recent price strength and stronger anticipated demand. The whey price forecast is lowered from last month. Class III and Class IV prices are raised for 2020. The all milk p rice forecast is raised to $16.65 per cwt for 2020. The 2021 milk production forecast is raised from last month on higher expected cow numbers and stronger growth in milk per cow. The fat basis import forecast is reduced while the export forecast is unc hanged. The skim -solids basis import forecast is reduce d from the previous month while the export forecast is unchanged. For 2021, cheese, butter, and nonfat dry milk price forecasts are raised from the previous month while whey is lowered. The 2021 Class III and Class IV price forecasts are raised from last month. The all milk price forecast is raised to $16.20 per cwt for 2021. WASDE- 601-5 COTTON : The most significant revision to this month’s U.S. cotton supply and demand estimates is a 200,000- bale decrease in 2019/20 mill use, to 2.5 million bales. U.S. mill use in 2020/21 was also revised downward by 100,000 bales, and ending stocks are now projected at 7.3 million bales in 2019/20 and 8.0 million bales in 2020/21. While the 43 percent stocks -use ratio proj ected for 2020/21 is marginally higher than the year before, and is substantially above recent levels, it would still be below the 55 percent ratio realized in 2007/08. The 2020/21 world cotton projections include slightly smaller production, reduced cons umption, and higher beginning and ending stocks. World ending stocks are 5.2 million bales higher this month, reflecting cuts to world consumption of slightly more than 2 million bales each in 2019/20 and 2020/21, and revised production estimates for Argentina starting with 2017/18 that added an additional 930,000 bales to stocks. World production in 2020/21 is revised downward by 215,000 bales as higher production in Argentina and Tanzania is offset by reductions for Turkey, Uzbekistan, and some smaller countries. World consumption in 2020/21 is revised downward due to changes in a number of countries, led by a 1 -million - bale reduction in the forecast for China and a 500,000 -bale reduction for India. At nearly 105 million bales, world ending stocks in 2 020/21 are expected to be their largest since 2014/15. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Mark Jekanowski , (202) 720- 6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY : STEPHEN CENSKY SECRETARY OF AGRICULTURE DESIGNATE WASDE- 601-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Esti mates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers, ICEC Chair, WAOB, [email protected] Jennifer Bond, ERS; Andrew Sowell, FAS; Pete Riley, FPAC. Rice: William Chambers, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS; Vidalina Abadam, FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Tom Capehart, ERS; Yoonhee Macke, FAS; Sharon Raszap, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Mark Ash, ERS; Bill George, FAS; Gustavo Ferreira, FPA C. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; James Johnson, FAS; Kent Lanclos , FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Michael McConnell, ERS; Souleymane Diaby , FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Lindsay Kuberka , FAS; Georgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Kim Ha, ERS; Claire Mezoughem, FAS ; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, sh [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Georgi Gabrielyan, FPAC. In 2020, the WASDE report will be released on July 10, Aug 12, Sep 11, Oct 9, Nov 10, and Dec 10. WASDE- 601-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................... 1 Interagency Commodity Estimates Committees ..................................................... 6 World & U.S. Supply & Use for Grains ................................................................... 8 World & U.S. Supply & Use for Cotton ................................................................... 9 World & U.S. Supply & Use for Oilseeds .............................................................. 10 U.S. Wheat Supply & Use .................................................................................... 11 U.S. Wheat Supply & Use by Class ..................................................................... 11 U.S. Feed Grain & Corn Supply & Use ................................................................ 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13 U.S. Rice Supply & Use ....................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................ 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ............................................................................. 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use .................................................................................. 18 World Coarse Grains Supply & Use ..................................................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use ..................................................................................... 24 World Cotton Supply & Use ................................................................................. 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ..................................................................... 29 World Soybean Oil Supply & Use ......................................................................... 30 U.S. Quarterly Animal Product Production ........................................................... 31 U.S. Q uarterly Prices for Animal Products ........................................................... 31 U.S. Meats Supply and Us e ................................................................................. 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use .................................................................................... 33 U.S. Dairy Prices ................................................................................................. 34 Reliability Tables ................................................................................................. 35 Related USDA Reports ........................................................................................ 38 Metric Conversion Factors ................................................................................... 38 Electronic Access and Subscriptions ....................................................................... 40 June 2020 WASDE - 601 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2018/19 2624.29 3443.26 429.39 2639.25 804.01 2019/20 (Est.) 2665.22 3469.23 431.39 2648.41 820.82 filler filler filler filler filler 2020/21 (Proj.) May 2751.89 3573.24 450.74 2705.50 867.74 2020/21 (Proj.) Jun 2760.13 3580.95 451.38 2708.42 872.53 filler filler filler filler filler Wheat 2018/19 730.84 1014.93 173.56 735.10 279.84 2019/20 (Est.) 764.41 1044.24 185.82 748.40 295.84 filler filler filler filler filler 2020/21 (Proj.) May 768.49 1063.61 187.98 753.49 310.12 2020/21 (Proj.) Jun 773.43 1069.28 188.85 753.19 316.09 filler filler filler filler filler Coarse Grains 5/ 2018/19 1396.99 1767.76 212.13 1420.39 347.38 2019/20 (Est.) 1406.53 1753.91 203.92 1410.18 343.73 filler filler filler filler filler 2020/21 (Proj.) May 1481.44 1827.32 217.55 1453.88 373.44 2020/21 (Proj.) Jun 1484.61 1828.34 217.64 1457.24 371.09 filler filler filler filler filler Rice, milled 2018/19 496.46 660.56 43.71 483.77 176.79 2019/20 (Est.) 494.29 671.08 41.65 489.83 181.26 filler filler filler filler filler 2020/21 (Proj.) May 501.96 682.31 45.22 498.12 184.18 2020/21 (Proj.) Jun 502.09 683.34 44.90 497.99 185.35 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2018/19 436.32 532.31 83.39 357.64 91.28 2019/20 (Est.) 417.42 515.87 79.90 351.58 84.39 filler filler filler filler filler 2020/21 (Proj.) May 478.15 569.91 89.37 366.74 113.80 2020/21 (Proj.) Jun 478.45 570.42 89.34 366.80 114.28 filler filler filler filler filler Wheat 2018/19 51.31 84.89 25.48 30.02 29.39 2019/20 (Est.) 52.26 84.50 26.26 31.49 26.75 filler filler filler filler filler 2020/21 (Proj.) May 50.78 81.21 25.86 30.62 24.74 2020/21 (Proj.) Jun 51.09 81.65 25.86 30.62 25.17 filler filler filler filler filler Coarse Grains 5/ 2018/19 377.91 438.46 54.94 323.05 60.47 2019/20 (Est.) 359.30 423.02 50.59 315.80 56.63 filler filler filler filler filler 2020/21 (Proj.) May 420.50 479.83 60.34 331.75 87.74 2020/21 (Proj.) Jun 420.50 479.82 60.34 331.75 87.73 filler filler filler filler filler Rice, milled 2018/19 7.11 8.96 2.97 4.57 1.42 2019/20 (Est.) 5.86 8.35 3.05 4.29 1.02 filler filler filler filler filler 2020/21 (Proj.) May 6.86 8.87 3.18 4.37 1.33 2020/21 (Proj.) Jun 6.86 8.95 3.14 4.43 1.38 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). June 2020 WASDE - 601 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2018/19 2,187.98 2,910.95 346.00 2,281.62 712.73 2019/20 (Est.) 2,247.80 2,953.36 351.49 2,296.83 736.43 filler filler filler filler filler 2020/21 (Proj.) May 2,273.74 3,003.33 361.36 2,338.76 753.94 2020/21 (Proj.) Jun 2,281.68 3,010.53 362.04 2,341.62 758.25 filler filler filler filler filler Wheat 2018/19 679.53 930.05 148.08 705.07 250.45 2019/20 (Est.) 712.15 959.74 159.56 716.91 269.09 filler filler filler filler filler 2020/21 (Proj.) May 717.71 982.40 162.12 722.88 285.38 2020/21 (Proj.) Jun 722.35 987.63 162.99 722.57 290.92 filler filler filler filler filler Coarse Grains 5/ 2018/19 1,019.09 1,329.30 157.19 1,097.34 286.91 2019/20 (Est.) 1,047.23 1,330.89 153.33 1,094.38 287.10 filler filler filler filler filler 2020/21 (Proj .) May 1,060.94 1,347.49 157.20 1,122.13 285.70 2020/21 (Proj.) Jun 1,064.11 1,348.51 157.29 1,125.49 283.37 filler filler filler filler filler Rice, milled 2018/19 489.36 651.60 40.74 479.20 175.37 2019/20 (Est.) 488.43 662.73 38.60 485.54 180.24 filler filler filler filler filler 2020/21 (Proj.) May 495.09 673.44 42.04 493.76 182.85 2020/21 (Proj.) Jun 495.22 674.39 41.76 493.56 183.97 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on exp ort estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2018/19 118.65 199.57 41.13 120.33 80.47 2019/20 (Est.) 122.97 203.44 39.81 102.65 100.56 filler filler filler filler filler 2020/21 (Proj.) May 118.95 216.11 42.93 116.46 99.43 2020/21 (Proj.) Jun 118.74 219.30 42.90 114.41 104.67 filler filler filler filler filler United States 2018/19 18.37 22.57 14.76 2.98 4.85 2019/20 (Est.) 19.91 24.77 15.00 2.50 7.30 filler filler filler filler filler 2020/21 (Proj.) May 19.50 26.61 16.00 2.90 7.70 2020/21 (Proj.) Jun 19.50 26.81 16.00 2.80 8.00 filler filler filler filler filler Foreign 4/ 2018/19 100.29 177.00 26.36 117.35 75.62 2019/20 (Est.) 103.06 178.68 24.81 100.15 93.26 filler filler filler filler filler 2020/21 (Proj.) May 99.45 189.51 26.93 113.56 91.73 2020/21 (Proj.) Jun 99.24 192.49 26.90 111.61 96.67 filler filler filler filler filler 1/ Mar keting year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. June 2020 WASDE - 601 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2018/19 599.92 716.51 170.26 488.20 131.43 2019/20 (Est.) 575.23 706.66 178.90 498.23 114.50 filler filler filler filler filler 2020/21 (Proj.) May 605.91 720.83 185.67 508.14 113.51 2020/21 (Proj.) Jun 606.15 720.66 185.87 509.29 111.49 filler filler filler filler filler Oilmeals 2018/19 332.54 349.58 93.76 328.74 14.98 2019/20 (Est.) 339.21 354.19 93.41 336.97 13.54 filler filler filler filler filler 2020/21 (Proj.) May 347.28 360.97 94.18 344.16 13.10 2020/21 (Proj.) Jun 348.07 361.61 94.19 344.79 13.03 filler filler filler filler filler Vegetable Oils 2018/19 203.38 226.46 85.64 200.38 21.70 2019/20 (Est.) 204.09 225.80 83.87 200.37 21.68 filler filler filler filler filler 2020/21 (Proj.) May 208.34 230.15 86.17 205.89 20.29 2020/21 (Proj.) Jun 208.63 230.32 86.24 205.99 20.33 filler filler filler filler filler United States Output Total Supply Trade Total Use 2 / Ending Stocks Oilseeds 2018/19 130.72 145.65 48.70 61.03 26.54 2019/20 (Est.) 107.00 134.71 46.14 62.44 17.44 filler filler filler filler filler 2020/21 (Proj.) May 123.20 141.69 57.01 62.24 12.56 2020/21 (Proj.) Jun 123.20 141.82 57.01 62.65 12.28 filler filler filler filler filler Oilmeals 2018/19 46.52 51.01 12.60 37.99 0.42 2019/20 (Est.) 48.08 52.61 12.52 39.69 0.40 filler filler filler filler filler 2020/21 (Proj.) May 48.01 52.26 12.20 39.64 0.42 2020/21 (Proj.) Jun 48.29 52.53 12.20 39.91 0.42 filler filler filler filler filler Vegetable Oils 2018/19 12.20 18.14 1.10 15.89 1.16 2019/20 (Est.) 12.49 18.69 1.44 15.98 1.28 filler filler filler filler filler 2020/21 (Proj.) May 12.54 18.76 1.17 16.35 1.25 2020/21 (Proj.) Jun 12.62 18.89 1.21 16.37 1.31 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2018/19 469.21 570.85 121.56 427.17 104.89 2019/20 (Est.) 468.23 571.95 132.76 435.79 97.06 filler filler filler filler filler 2020/21 (Proj.) May 482.71 579.15 128.66 445.89 100.95 2020/21 (Proj.) Jun 482.95 578.84 128.86 446.63 99.21 filler filler filler filler filler Oilmeals 2018/19 286.01 298.57 81.16 290.75 14.56 2019/20 (Est.) 291.14 301.58 80.89 297.28 13.14 filler filler filler filler filler 2020/21 (Proj.) May 299.27 308.71 81.99 304.52 12.68 2020/21 (Proj.) Jun 299.78 309.08 81.99 304.88 12.61 filler filler filler filler filler Vegetable Oils 2018/19 191.19 208.31 84.54 184.49 20.54 2019/20 (Est.) 191.61 207.10 82.44 184.39 20.40 filler filler filler filler filler 2020/21 (Proj.) May 195.80 211.39 85.00 189.54 19.05 2020/21 (Proj.) Jun 196.02 211.43 85.02 189.62 19.02 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilsee ds. 3/ Total Foreign is equal to World minus United States. June 2020 WASDE - 601 - 11 U.S. Wheat Supply and Use 1/ 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. May Jun Million Acres Area Planted 47.8 45.2 44.7 * 44.7 * Area Harvested 39.6 37.2 37.7 * 37.7 * Bushels Yield per Harvested Acre 47.6 51.7 49.5 * 49.8 * Million Bushels Beginning Stocks 1,099 1,080 978 983 Production 1,885 1,920 1,866 1,877 Imports 135 105 140 140 Supply, Total 3,119 3,105 2,984 3,000 Food 955 962 964 964 Seed 59 60 61 61 Feed and Residual 90 135 100 100 Domestic, Total 1,103 1,157 1,125 1,125 Exports 936 965 950 950 Use, Total 2,039 2,122 2,075 2,075 Ending Stocks 1,080 983 909 925 Avg. Farm P rice ($/bu) 2/ 5.16 4.60 4.60 4.60 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2019/20 (Est.) Beginning Stocks 516 263 158 88 55 1,080 Production 833 522 239 272 54 1,920 Supply, Total 3/ 1,352 837 401 366 149 3,105 Domestic Use 472 318 189 90 88 1,157 Exports 370 271 93 189 42 965 Use, Total 842 589 282 279 130 2,122 Ending Stocks, Total Jun 510 248 119 87 19 983 Ending Stocks, Total May 510 243 118 86 21 978 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. * Planted acres reported i n the March 31, 2020, "Prospective Plantings." Harvested acres and yield for other spring wheat and Durum are projected using 10- year harvested -to-planted ratios by state and 1985- 2019 yield trends by state (except for Arizona, California, and Idaho Durum ). For May, winter wheat harvested acres and yield reported in t he May 12, 2020,"Crop Production." For June, winter wheat harvested acres and yield reported in the June 11, 2020,"Crop Production." ******************************************************** ********************** Wheat -by-class projections for 2020/21 will first be published in the July 10, 2020, WASDE. ********************************** ******************************************** June 2020 WASDE - 601 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. May Jun Million Acres Area Plant ed 99.9 100.5 108.7 * 108.7 * Area Harvested 89.2 89.0 98.3 * 98.3 * Metric Tons Yield per Harvested Acre 4.24 4.03 4.28 4.28 Million Metric Tons Beginning Stocks 57.9 60.5 56.6 56.6 Production 377.7 359.0 420.2 420.2 Imports 2.3 2.9 2.4 2.4 Supply, Total 437.9 422.4 479.3 479.3 Feed and Residual 143.0 149.2 158.1 158.1 Food, Seed & Industrial 179.6 166.1 173.2 173.2 Domestic, Total 322.5 315.2 331.2 331.2 Exports 54.9 50.6 60.3 60.3 Use, Total 377.5 365.8 391.6 391.6 Endi ng Stocks 60.5 56.6 87.7 87.7 CORN 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. May June Million Acres Area Planted 88.9 89.7 97.0 * 97.0 * Area Harvested 81.3 81.3 89.6 * 89.6 * Bushels Yield per Harvested Acre 176.4 167.4 178.5 * 178.5 * Million Bushels Beginning Stocks 2,140 2,221 2,098 2,103 Production 14,340 13,617 15,995 15,995 Imports 28 45 25 25 Supply, Total 16,509 15,883 18,118 18,123 Feed and Residual 5,430 5,700 6,050 6,050 Food, Seed & Industrial 2 / 6,793 6,305 6,600 6,600 Ethanol & by -products 3/ 5,378 4,900 5,200 5,200 Domestic, Total 12,223 12,005 12,650 12,650 Exports 2,065 1,775 2,150 2,150 Use, Total 14,288 13,780 14,800 14,800 Ending Stocks 2,221 2,103 3,318 3,323 Avg. Farm P rice ($/bu) 4/ 3.61 3.60 3.20 3.20 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the da ta on the Web through the Feed Grains Databas e at www.ers.usda.gov/data -products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by -products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing - year weighted average price received by farmers. * Planted acres reported in the March 31, 2020, "Prospective Plantings." For corn, harvested acres projected based on historical abandonment and use for silage. The yield projection is based on a weather -adjusted trend assuming nor mal mid -May planting progress and summer growing season weather, estimated using the 1988- 2019 time period, and includes a downward stochastic adjustment to account for the asymmetric response of yield to July p recipitation. June 2020 WASDE - 601 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. May Jun Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 5.7 5.3 5.8 * 5.8 * Area Harvested (mil. acres) 5.1 4.7 5.2 * 5.2 * Yield (bushels/acre) 72.1 73.0 67.5 * 67.5 * Beginning Stocks 35 64 35 30 Production 365 341 351 351 Imports 0 0 0 0 Supply, Total 400 405 386 381 Feed and Residual 138 95 85 85 Food, Seed & Industrial 106 70 50 50 Total Domestic 244 165 135 135 Exports 93 210 220 220 Use, Total 336 375 355 355 Ending Stocks 64 30 31 26 Avg. Farm Price ($/bu) 2/ 3.26 3.25 3.20 3.20 Filler Filler Filler Filler Filler BARLEY 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. May June Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.5 2.7 2.9 * 2.9 * Area Harvested (mil. acres) 2.0 2.2 2.4 * 2.4 * Yield (bushels/acre) 77.5 77.7 75.8 * 75.8 * Beginning Stocks 94 87 92 92 Production 154 170 182 182 Imports 6 8 7 7 Supply, Total 254 264 281 281 Feed and Residual 15 30 40 40 Food, Seed & Industrial 148 136 143 143 Total Domestic 162 166 183 183 Exports 5 6 5 5 Use, Total 167 172 188 188 Ending Stocks 87 92 93 93 Avg. Farm Price ($/bu) 2/ 4.62 4.70 4.30 4.30 Filler Filler Filler Filler Filler OATS 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. May June Filler Filler Filler Filler Filler Area Planted (mil. ac res) 2.7 2.8 3.0 * 3.0 * Area Harvested (mil. acres) 0.9 0.8 1.1 * 1.1 * Yield (bushels/acre) 64.9 64.3 66.4 * 66.4 * Beginning Stocks 41 38 29 29 Production 56 53 73 73 Imports 87 94 96 96 Supply, Total 184 185 198 198 Feed and Residual 66 73 75 75 Food, Seed & Industrial 78 81 79 79 Total Domestic 144 154 154 154 Exports 2 2 2 2 Use, Total 146 156 156 156 Ending Stocks 38 29 42 42 Avg. Farm Price ($/bu) 2/ 2.66 2.85 2.50 2.50 Filler Filler Filler Filler Filler Note: Totals ma y not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing- year weighted average price received by farmers. * Planted acres reported in the March 31, 2020, "Prospective Plantin gs." Harvested area for sorghum, barley and oats based on historical average harvested- to-planted ratios. For sorghum the projected yield is the median yield for 1990 -2019. For barley and oats, projected yields are based on the 1990 -2019 linear trends. Y ields shown ref lect production rounding. June 2020 WASDE - 601 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. May Jun Million Acres Area Planted 2.95 2.54 2.85 * 2.85 * Area Harvested 2.91 2.47 2.81 * 2.81 * Filler Pounds Yield per Harvested Acre 7,692 7,471 7,699 * 7,699 * Million Hundredweight Beginning Stocks 2/ 29.4 44.9 30.5 32.0 Production 223.8 184.7 216.2 216.2 Imports 29.0 33.5 32.6 33.6 Supply, Total 282.2 263.0 279.3 281.8 Domestic & Residual 3/ 143.8 135.0 137.5 139.5 Exports, Total 4/ 93.6 96.0 100.0 99.0 Rough 33.0 34.0 37.0 36.0 Milled (rough equiv.) 60.6 62.0 63.0 63.0 Use, Total 237.3 231.0 237.5 238.5 Ending Stocks 44.9 32.0 41.8 43.3 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 12.60 13.10 12.90 12.90 Total LONG -GRAIN RICE 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. May June Harvested Acres (mil.) 2.18 1.73 Yield (pounds/acre) 7,517 7,261 Beginning Stocks 20.3 32.6 14.7 16.2 Production 163.6 125.6 155.5 155.5 Supply, Total 7/ 207.3 185.2 196.2 198.7 Domestic & Residua l 3/ 109.0 101.0 103.0 105.0 Exports 8/ 65.7 68.0 72.0 71.0 Use, Total 174.7 169.0 175.0 176.0 Ending Stocks 32.6 16.2 21.2 22.7 Avg. Farm Price ($/cwt) 6/ 10.80 12.10 11.80 11.80 Filler Filler Filler Filler Filler MEDIUM & SHORT -GRAIN RICE 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. May June Harvested Acres (mil.) 0.73 0.74 Yield (pounds/acre) 8,209 7,960 Beginning Stocks 7.6 10.2 13.7 13.7 Production 60.3 59.1 60.7 60.7 Supply, Total 7/ 72.8 75.7 81.1 81.1 Domestic & Residual 3/ 34.8 34.0 34.5 34.5 Exports 8/ 27.8 28.0 28.0 28.0 Use, Total 62.6 62.0 62.5 62.5 Ending Stocks 10.2 13.7 18.6 18.6 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 18.50 16.10 16.00 16.00 California 10/ 21.10 18.10 18.00 18.00 Other States 1/ 12.30 11.70 11.80 11.80 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermin ed) not included in estimates of ending stocks by type (in mil. cwt): 2016/17- 3.5; 2017/18- 1.4; 2018/ 19-2.1. 3/ Residual includes unreported use, processing losses, and estimating errors. Supply by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole ke rnel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing -year weighted average price received by f armers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short -grain season- average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final pr ice may differ. For example, the average difference between the preliminary California SAFP forecast and the final price has averaged $1.00 per cwt from 2014/15- 2018/19, with a high of $3.50 per cwt in 2017/18 and a low of - $0.20 per cwt in 2015/16. 10/ Marketing year beginning October 1. * Planted acres reported in March 31, 2020, "Prospective Plantings." Harvested acres are estimate d using long run harvested- to-planted ratios by rice class. Projected yield is based on by class trend analysis and prospective planting. June 2020 WASDE - 601 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. May Jun Filler Filler Filler Filler Filler Million Acres Area Planted 89.2 76.1 83.5 * 83.5 * Area Harvested 87.6 75.0 82.8 * 82.8 * Filler Bushels Yield per Harvested Acre 50.6 47.4 49.8 * 49.8 * Million Bushels Beginning Stocks 438 909 580 585 Production 4,428 3,552 4,125 4,125 Imports 14 15 15 15 Supply, Total 4,880 4,476 4,720 4,725 Crushings 2,092 2,140 2,130 2,145 Exports 1,748 1,650 2,050 2,050 Seed 88 97 100 100 Residual 43 4 35 35 Use, Total 3,971 3,891 4,315 4,330 Ending Stocks 909 585 405 395 Avg. Farm Price ($/bu) 2/ 8.48 8.50 8.20 8.20 Total SOYBEAN OIL 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. May June Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,995 1,775 1,880 1,940 Production 4/ 24,197 24,590 24,685 24,860 Imports 398 375 400 400 Supply, Total 26,590 26,740 26,965 27,200 Domestic Disappearance 22,874 22,100 23,000 23,000 Biodiesel 3/ 7,863 7,400 8,000 8,000 Food, Feed & other Industrial 15,011 14,700 15,000 15,000 Exports 1,941 2,700 2,100 2,200 Use, Total 24,815 24,800 25,100 25,200 Ending stocks 1,775 1,940 1,865 2,000 Avg. Price (c/lb) 2/ 28.26 28.50 29.00 29.00 Total SOYBEAN MEAL 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. May June Filler 1 2 3 4 Thousand Short Tons Beginning S tocks 555 402 375 375 Production 4/ 48,814 50,323 50,225 50,525 Imports 684 600 400 400 Supply, Total 50,053 51,325 51,000 51,300 Domestic Disappearance 36,097 37,500 37,500 37,800 Exports 13,554 13,450 13,100 13,100 Use, Total 49,651 50,950 50,600 50,900 Ending Stocks 402 375 400 400 Avg. Price ($/s.t.) 2/ 308.28 295.00 290.00 290.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; Oct ober 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year cru sh of 2,140 million bushels for 2019/20 and 2,145 million bushels for 2020/21. *Planted acres are reported in the March 31, 2020 Prospective Plantings report. Harvested acres are based on the 5- year planted -to-harvested ratio. The projected yield is based on a weather -adjusted trend model and assumes normal weather. June 2020 WASDE - 601 - 16 U.S. Sugar Supply and Us e 1/ 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. May Jun Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 2,008 1,783 1,273 1,632 Production 2/ 8,999 8,024 9,005 9,005 Beet Sugar 4,939 4,285 4,965 4,965 Cane Sugar 4,060 3,740 4,040 4,040 Florida 2,005 2,100 2,105 2,105 Hawaii 0 0 0 0 Louisiana 1,907 1,513 1,800 1,800 Texas 147 127 135 135 Imports 3,070 4,015 3,456 3,097 TRQ 3/ 1,541 2,180 1,395 1,395 Other Program 4/ 438 350 350 350 Other 5/ 1,092 1,485 1,710 1,351 Mexico 1,000 1,255 1,660 1,301 Total Supply 14,077 13,822 13,733 13,733 Exports 35 35 35 35 Deliveries 12,231 12,155 12,230 12,230 Food 12,106 12,050 12,125 12,125 Other 6/ 126 105 105 105 Miscellaneous 28 0 0 0 Total Use 12,294 12,190 12,265 12,265 Ending Stocks 1,783 1,632 1,468 1,468 Stocks to Use Ratio 14.5 13.4 12.0 12.0 Total 1/ Fiscal years beginning Oct 1 . Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2019/20 and 2020/21 are based on Crop Production and/or processor projections/industry data and/or s ugar ICEC analysis where appropriate. 3/ For 2019/20, WTO raw sugar TRQ shortfall (56) and for 2020/21 (99). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Imports from Mexico; and high -tier tariff sugar and syrups not other wise specified -- for 2019/20 ( 230) and 2020/21 (50). 6/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license t ransfers for SCP and POLY inclu sive of WASDE - reported deliveries: 2018/19 -- 374; estimated 2019/20 -- 340; projected 2020/21 -- 353. Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2019/20 Est. May 1,169 5,125 89 4,492 938 953 2019/20 Est. Jun 1,169 5,230 89 4,422 1,113 953 2020/21 Proj. May 953 6,100 89 4,575 1,614 953 2020/21 Proj. Jun 953 6,100 89 4,575 1,614 953 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2018/19 = 1,528; Estimated 2019/20 = 1,493; Projected 2020/21 = 1,493; Estimated Oct- Apr 2019/20 = 795, Oct- mar 2018/19 = 860. Footnote source for estimate: Comite Nacional para el Desar ollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2019/20 ( 435 est); 2020/21 (365 proj). Other Deliveries/Ending Year Statistical Adjustments: 2019/20 (0), 2020/21 (0). June 2020 WASDE - 601 - 17 U.S. Cotton Supply and Use 1/ 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. May Jun Filler Filler Filler Filler Filler Area Million Acres Planted 14.10 13.74 13.70 * 13.70 * Harvested 9.99 11.61 11.35 * 11.35 * Filler Pounds Yield per Harvested Acre 882 823 825 * 825 * Million 480 Pound Bales Beginning Stocks 4.20 4.85 7.10 7.30 Production 18.37 19.91 19.50 19.50 Imports 0.00 0.01 0.01 0.01 Supply, Total 22.57 24.77 26.61 26.81 Domestic Use 2.98 2.50 2.90 2.80 Exports, Total 14.76 15.00 16.00 16.00 Use, Total 17.74 17.50 18.90 18.80 Unaccounted 2/ -0.02 -0.03 0.01 0.01 Ending Stocks 4.85 7.30 7.70 8.00 Avg. Farm Price 3/ 70.3 59.0 57.0 57.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. *Planted area as reported in March 31, 2020 Prospective Plantings. Harvested area based on 10 -year average abandonment by region. Yield based on 10 -year average yie lds by region. June 2020 WASDE - 601 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 284.10 730.84 170.70 139.53 735.10 173.56 279.84 World Less China 152.90 599.41 167.55 119.53 610.10 172.55 140.07 United States 29.91 51.31 3.67 2.44 30.02 25.48 29.39 Total Foreign 254.19 679.53 167.02 137.09 705.07 148.08 250.45 Major Exporters 4/ 39.90 302.73 7.31 81.73 194.57 120.77 34.60 Argentina 0.47 19.50 0.01 0.05 6.05 12.19 1.74 Australia 5.55 17.60 0.50 5.70 9.20 9.01 5.44 Canada 6.73 32.20 0.48 3.98 8.97 24.40 6.04 European Union 5/ 13.89 136.69 5.76 51.50 121.05 23.31 11.97 Russia 12.03 71.69 0.45 18.00 40.50 35.84 7.82 Ukraine 1.24 25.06 0.11 2.50 8.80 16.02 1.59 Major Importers 6/ 177.49 199.78 111.28 38.34 294.24 12.33 181.98 Bangladesh 2.23 1.10 5.10 0.28 7.18 0.00 1.26 Brazil 1.31 5.43 7.02 0.50 12.10 0.60 1.06 China 131.20 131.43 3.15 20.00 125.00 1.01 139.77 Japan 1.23 0.86 5.73 0.68 6.48 0.29 1.05 N. Africa 7/ 14.86 21.00 26.95 2.25 46.15 1.19 15.47 Nigeria 0.20 0.06 4.59 0.05 4.25 0.40 0.20 Sel. Mideast 8/ 15.07 17.88 17.25 3.45 37.70 0.58 11.91 Southeast Asia 9/ 5.51 0.00 26.37 8.14 25.34 1.10 5.44 Selected Other India 13.23 99.87 0.02 5.00 95.63 0.50 16.99 Kazakhstan 2.54 13.95 0.09 1.80 6.60 8.30 1.68 2019/20 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 279.84 764.41 181.63 142.16 748.40 185.82 295.84 World Less China 140.07 630.82 177.13 123.16 622.40 184.82 144.99 United States 29.39 52.26 2.86 3.67 31.49 26.26 26.75 Total Foreign 250.45 712.15 178.77 138.49 716.91 159.56 269.09 Major Exporters 4/ 34.60 324.61 6.09 82.55 196.70 136.20 32.39 Argentina 1.74 19.50 0.01 0.05 6.30 13.50 1.45 Australia 5.44 15.20 0.50 4.90 8.40 9.20 3.54 Canada 6.04 32.35 0.55 5.30 10.40 23.00 5.54 European Union 5/ 11.97 154.78 4.60 52.50 122.50 36.50 12.35 Russia 7.82 73.61 0.35 17.00 40.00 33.50 8.28 Ukraine 1.59 29.17 0.08 2.80 9.10 20.50 1.23 Major Importers 6/ 181.98 203.47 120.52 36.96 297.79 12.83 195.35 Bangladesh 1.26 1.20 6.70 0.30 7.40 0.00 1.76 Brazil 1.06 5.20 7.20 0.50 12.10 0.45 0.91 China 139.77 133.59 4.50 19.00 126.00 1.00 150.86 Japan 1.05 1.10 5.60 0.60 6.25 0.28 1.22 N. Africa 7/ 15.47 18.40 27.95 2.25 46.88 0.99 13.95 Nigeria 0.20 0.06 5.20 0.05 4.86 0.40 0.20 Sel. Mideast 8/ 11.91 22.18 17.37 3.42 38.31 0.80 12.36 Southeast Asia 9/ 5.44 0.00 26.50 7.84 25.34 1.06 5.54 Selected Other India 16.99 103.60 0.02 6.00 96.11 0.50 24.00 Kazakhstan 1.68 11.45 0.40 1.60 6.40 6.00 1.14 1/ Aggregate of local marketing years. 2/ Total forei gn and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malay sia, Philippines, Thailand, and Vietnam. June 2020 WASDE - 601 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Export s Ending Stocks World 3/ May 295.12 768.49 182.84 137.47 753.49 187.98 310.12 Jun 295.84 773.43 183.43 136.47 753.19 188.85 316.09 World Less China May 144.77 633.49 176.84 117.47 623.49 186.98 149.76 Jun 144.99 637.43 177.43 116.47 623.19 187.85 154.23 United States May 26.61 50.78 3.81 2.72 30.62 25.86 24.74 Jun 26.75 51.09 3.81 2.72 30.62 25.86 25.17 Total Foreign May 268.51 717.71 179.03 134.75 722.88 162.12 285.38 Jun 269.09 722.35 179.62 133.75 722.57 162.99 290.92 Majo r Exporters 4/ May 33.56 327.00 6.73 79.15 193.15 136.50 37.64 Jun 32.39 325.50 6.73 77.65 191.65 137.50 35.47 Argentina May 1.45 21.00 0.01 0.05 6.20 14.50 1.75 Jun 1.45 21.00 0.01 0.05 6.20 14.50 1.75 Australia May 3.71 24.00 0.20 4.00 7.55 15.00 5.36 Jun 3.54 26.00 0.20 3.50 7.05 17.00 5.69 Canada May 5.54 34.00 0.45 4.60 9.80 24.50 5.69 Jun 5.54 34.00 0.45 4.60 9.80 24.50 5.69 European Union 5/ May 13.35 143.00 5.50 50.50 120.30 28.50 13.05 Jun 12.35 141.0 0 5.50 49.50 119.30 28.00 11.55 Russia May 8.28 77.00 0.50 17.50 40.50 35.00 10.28 Jun 8.28 77.00 0.50 17.50 40.50 36.00 9.28 Ukraine May 1.23 28.00 0.08 2.50 8.80 19.00 1.51 Jun 1.23 26.50 0.08 2.50 8.80 17.50 1.51 Major Importe rs 6/ May 194.05 204.28 119.84 36.76 302.38 12.91 202.88 Jun 195.35 206.28 120.49 36.76 302.70 12.91 206.51 Bangladesh May 1.76 1.25 6.60 0.30 7.50 0.00 2.11 Jun 1.76 1.25 6.60 0.30 7.50 0.00 2.11 Brazil May 0.91 5.50 7.10 0.50 12.10 0.60 0.81 Jun 0.91 5.50 7.10 0.50 12.10 0.60 0.81 China May 150.36 135.00 6.00 20.00 130.00 1.00 160.36 Jun 150.86 136.00 6.00 20.00 130.00 1.00 161.86 Japan May 1.22 0.87 5.60 0.60 6.25 0.28 1.16 Jun 1.22 0.87 5.60 0.60 6.25 0.28 1.16 N. Africa 7/ May 13.75 17.43 29.70 1.95 47.15 0.99 12.74 Jun 13.95 17.43 29.70 1.95 47.15 0.99 12.94 Nigeria May 0.20 0.06 5.10 0.05 4.76 0.40 0.20 Jun 0.20 0.06 5.10 0.05 4.76 0.40 0.20 Sel. Mideast 8/ May 11.96 22.35 16.99 3.42 38.78 0.67 11.85 Jun 12.36 22.35 18.14 3.42 39.10 0.67 13.07 Southeast Asia 9/ May 5.38 0.00 26.35 7.04 24.89 1.07 5.77 Jun 5.54 0.00 26.35 7.04 24.89 1.07 5.93 Selected Other India May 24.00 103.00 0.03 6.00 99.00 1.00 27.03 Jun 24.00 107.18 0.03 6.50 99.50 1.00 30.71 Kazakhstan May 1.14 13.50 0.10 1.50 6.30 7.10 1.34 Jun 1.14 13.50 0.10 1.50 6.30 7.10 1.34 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to refl ect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra- trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and V ietnam. June 2020 WASDE - 601 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 370.77 1,396.99 192.70 851.47 1,420.39 212.13 347.38 World Less China 147.79 1,132.48 182.16 656.02 1,133.02 212.06 136.79 United States 57.92 377.91 2.64 143.14 323.05 54.94 60.47 Total Foreign 312.85 1,019.09 190.06 708.34 1,097.34 157.19 286.91 Major Exporters 4/ 27.09 293.19 5.72 127.48 171.92 134.09 19.98 Argentina 3.37 59.22 0.01 12.28 18.09 40.89 3.61 Australia 2.29 11.51 0.01 5.29 7.30 4.08 2.43 Brazil 9.67 104.33 2.32 59.95 70.98 39.79 5.55 Canada 4.57 26.20 2.69 16.20 24.15 5.97 3.34 Russia 1.37 35.00 0.05 18.80 27.37 7.84 1.22 Ukraine 2.91 44.50 0.06 7.93 10.96 34.07 2.45 Major Importers 5/ 39.96 243.51 142.98 295.36 379.76 10.32 36.36 European Union 6/ 16.33 148.27 26.44 127.00 168.69 8.82 13.53 Japan 1.82 0.18 17.73 13.78 17.89 0.00 1.84 Mexico 6.18 33.40 17.41 31.27 50.51 0.72 5.76 N. Afr & Mideast 7/ 7.76 31.08 38.82 61.98 70.10 0.10 7.46 Saudi Arabia 2.63 0.29 10.17 10.75 11.13 0.00 1.97 Southeast Asia 8/ 2.56 29.99 16.84 37.69 45.72 0.68 2.99 South Korea 1.86 0.21 10.96 8.60 11.18 0.00 1.85 Selected Other China 222.98 264.51 10.54 195.45 287.37 0.07 210.59 2019/20 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 347.38 1,406.53 204.29 869.20 1,410.18 203.92 343.73 World Less China 136.79 1,138.33 187.99 675.90 1,122.73 203.86 136.15 United States 60.47 359.30 3.24 149.39 315.80 50.59 56.63 Total Foreign 286.91 1,047.23 201.05 719.81 1,094.38 153.33 287.10 Major Exporters 4/ 19.98 304.06 3.91 131.41 175.47 129.23 23.26 Argentina 3.61 56.75 0.01 12.55 18.14 37.91 4.32 Australia 2.43 10.44 0.01 5.00 6.97 3.52 2.38 Brazil 5.55 104.57 1.90 61.01 72.14 35.01 4.87 Canada 3.34 28.51 1.67 16.89 23.75 5.05 4.72 Russia 1.22 40.50 0.17 22.19 31.19 8.38 2.32 Ukraine 2.45 46.55 0.03 6.90 10.02 36.86 2.14 Major Import ers 5/ 36.36 255.34 146.28 302.01 388.83 13.34 35.82 European Union 6/ 13.53 161.06 22.22 126.55 169.86 11.96 14.99 Japan 1.84 0.22 17.62 13.75 17.87 0.00 1.81 Mexico 5.76 30.41 18.41 31.97 51.20 0.70 2.68 N. Afr & Mid east 7/ 7.46 33.33 42.26 66.35 74.75 0.10 8.20 Saudi Arabia 1.97 0.27 11.51 11.15 11.51 0.00 2.24 Southeast Asia 8/ 2.99 29.77 18.68 38.98 47.58 0.59 3.27 South Korea 1.85 0.20 11.51 9.04 11.64 0.00 1.92 Selected Other China 210.59 268.20 16.30 193.30 287.45 0.06 207.58 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4 / Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ The European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. June 2020 WASDE - 601 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ May 345.88 1,481.44 211.01 892.97 1,453.88 217.55 373.44 Jun 343.73 1,484.61 210.96 895.73 1,457.24 217.64 371.09 World Less China May 137.30 1,214.07 192.76 695.52 1,160.28 217.48 172.91 Jun 136.15 1,217.23 193.61 698.23 1,163.56 217.57 172.54 United States May 56.64 420.50 2.70 158.23 331.75 60.34 87.74 Jun 56.63 420.50 2.70 158.23 331.75 60.34 87.73 Total Foreign May 289.24 1,060.94 208.31 734.74 1,122.13 157.20 285.70 Jun 287.10 1,064.11 208.26 737.50 1,125.49 157.29 283.37 Major Exporters 4/ May 24.60 312.99 3.45 132.46 178.49 133.69 28.86 Jun 23.26 314.44 3.45 133.46 179.50 133.54 28.10 Argentina May 5.32 56.70 0.01 13.49 19.75 36.71 5.57 Jun 4.32 56.70 0.01 13.49 19.75 36.71 4.57 Australia May 2.21 12.71 0.00 4.88 6.87 5.30 2.75 Jun 2.38 13.66 0.00 5.88 7.87 5.15 3.02 Brazil May 4.87 109.41 2.20 61.08 72.22 38.01 6.25 Jun 4.87 110.41 2.20 61.08 72.22 38.01 7.25 Canada May 4.72 30.30 1.06 17.03 24.99 4.98 6.11 Jun 4.72 30.30 1.06 17.03 24.99 4.98 6.11 Russia May 2.33 39.40 0.07 21.80 30.95 8.28 2.57 Jun 2.32 39.20 0.07 21.80 30.95 8.28 2.36 Ukraine May 2.14 49.85 0.02 7.50 10.72 38.11 3.18 Jun 2.14 49.55 0.02 7.50 10.73 38.11 2.87 Major Importers 5/ May 36.36 261.77 150.02 310.29 398.59 11.79 37.77 Jun 35.82 263.02 150.67 311.84 400.39 11.79 37.33 European Union 6/ May 15.75 163.09 23.31 130.40 174.75 10.44 16.96 Jun 14.99 164.44 23.31 131.75 176.10 10.44 16.19 Japan May 1.81 0.20 17.67 13.75 17.87 0.00 1.81 Jun 1.81 0.20 17.67 13.75 17.87 0.00 1.81 Mexico May 2.68 33.60 18.80 32.27 51.65 0.60 2.83 Jun 2.68 33.60 18.80 32.27 51.65 0.60 2.83 N. Afr & Mideast 7/ May 8.08 33.92 44.66 69.44 78.07 0.12 8.48 Jun 8.20 33.92 44.66 69.44 78.07 0.12 8.60 Saudi Arabia May 2.24 0.27 11.01 11.05 11.41 0.00 2.11 Jun 2.24 0.27 11.21 11.05 11.41 0.00 2.31 Southeast Asia 8 / May 3.17 30.41 18.28 39.57 48.17 0.63 3.05 Jun 3.27 30.31 18.73 39.77 48.62 0.63 3.05 South Korea May 1.92 0.20 11.91 9.45 12.09 0.00 1.95 Jun 1.92 0.20 11.91 9.45 12.09 0.00 1.95 Selected Other China May 208.58 267.38 18.25 197.45 293.60 0.07 200.53 Jun 207.58 267.38 17.35 197.50 293.68 0.07 198.55 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ The European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jorda n, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. June 2020 WASDE - 601 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Produ ction Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 341.28 1,123.34 162.92 702.94 1,144.49 181.18 320.13 World Less China 118.75 866.01 158.44 511.94 870.49 181.16 109.81 United States 54.37 364.26 0.71 137.93 310.47 52.46 56.41 Total Foreign 286.91 759.08 162.21 565.01 834.02 128.72 263.72 Major Exporters 4/ 16.12 211.04 2.25 85.90 107.60 111.53 10.28 Argentina 2.41 51.00 0.01 9.70 13.80 37.24 2.37 Brazil 9.28 101.00 1.66 57.00 67.00 39.75 5.19 Russia 0.20 11.42 0.04 7.60 8.50 2.77 0.38 South Africa 2.67 11.82 0.51 7.00 12.50 1.45 1.06 Ukraine 1.57 35.81 0.04 4.60 5.80 30.32 1.29 Major Importers 5/ 23.91 128.86 99.11 170.33 224.97 5.03 21.89 Egypt 1.85 6.80 9.37 13.70 16.20 0.00 1.81 European Union 6/ 9.82 64.36 25.21 68.00 88.00 3.63 7.76 Japan 1.39 0.00 16.05 12.30 16.00 0.00 1.44 Mexico 5.65 27.60 16.66 25.90 44.10 0.72 5.09 Southeast Asia 7/ 2.55 29.94 16.46 37.60 45.30 0.68 2.98 South Korea 1.85 0.08 10.86 8.56 10.95 0.00 1.84 Selected Other 0.00 Canada 2.42 13.89 2.63 9.37 15.16 1.80 1.98 China 222.53 257.33 4.48 191.00 274.00 0.02 210.32 2019/20 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2 / Exports Ending Stocks World 3/ 320.13 1,113.50 169.56 706.18 1,120.72 169.49 312.91 World Less China 109.81 852.73 162.56 520.18 849.72 169.47 105.84 United States 56.41 345.89 1.14 144.79 304.94 45.09 53.42 Total Foreign 263.72 767.61 168.41 561.40 815.78 124.40 259.49 Major Exporters 4/ 10.28 217.41 1.27 86.80 108.75 108.70 11.51 Argentina 2.37 50.00 0.01 10.00 14.00 35.00 3.37 Brazil 5.19 101.00 1.20 58.00 68.00 35.00 4.39 Russia 0.38 14.28 0.04 8.70 9.70 4.20 0.79 South Africa 1.06 16.25 0.00 6.80 12.60 2.50 2.21 Ukraine 1.29 35.89 0.02 3.30 4.45 32.00 0.75 Major Importers 5/ 21.89 127.91 98.00 167.30 223.10 5.80 18.90 Egypt 1.81 6.40 9.90 14.20 16.70 0.01 1.40 European Union 6/ 7.76 66.63 21.50 62.20 83.40 4.50 7.99 Japan 1.44 0.00 16.00 12.30 16.00 0.00 1.44 Mexico 5.09 25.00 17.30 26.50 44.50 0.70 2.19 Southeast Asia 7/ 2.98 29.72 17.90 38.90 46.75 0.59 3.26 South Korea 1.84 0.07 11.40 9.00 11.40 0.00 1.91 Selected Other 0.00 Canada 1.98 13.38 1.60 9.00 13.80 1.10 2.06 China 210.32 260.77 7.00 186.00 271.00 0.02 207.07 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting dis crepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. June 2020 WASDE - 601 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ May 314.73 1,186.86 176.21 729.02 1,161.96 182.25 339.62 Jun 312.91 1,188.48 176.56 730.42 1,163.51 182.50 337.87 World Less China May 106.66 926.86 169.21 541.02 886.96 182.23 139.57 Jun 105.84 928.48 169.56 541.42 887.51 182.48 139.82 United State s May 53.30 406.29 0.64 153.68 321.33 54.61 84.29 Jun 53.42 406.29 0.64 153.68 321.33 54.61 84.41 Total Foreign May 261.42 780.57 175.58 575.34 840.64 127.64 255.33 Jun 259.49 782.18 175.93 576.74 842.19 127.89 253.46 Major Exporters 4/ May 13.03 223.50 1.56 88.50 111.00 111.70 15.39 Jun 11.51 224.50 1.56 88.50 111.00 111.70 14.87 Argentina May 4.37 50.00 0.01 11.00 15.50 34.00 4.88 Jun 3.37 50.00 0.01 11.00 15.50 34.00 3.88 Brazil May 4.39 106.00 1.50 58.00 68.00 38.00 5.89 Jun 4.39 107.00 1.50 58.00 68.00 38.00 6.89 Russia May 0.79 14.50 0.04 8.90 10.00 4.40 0.93 Jun 0.79 14.50 0.04 8.90 10.00 4.40 0.93 South Africa May 2.73 14.00 0.00 6.60 12.30 2.30 2.13 Jun 2.21 14.00 0.00 6.60 12.30 2.30 1.61 Ukraine May 0.75 39.00 0.02 4.00 5.20 33.00 1.56 Jun 0.75 39.00 0.02 4.00 5.20 33.00 1.56 Major Importers 5/ May 18.80 133.22 102.05 172.55 229.60 5.64 18.83 Jun 18.90 133.12 102.25 172.75 229.80 5.64 18.83 Egypt May 1.40 6.40 11.00 14.70 17.20 0.01 1.59 Jun 1.40 6.40 11.00 14.70 17.20 0.01 1.59 European Union 6/ May 7.99 68.30 23.00 65.00 87.00 4.40 7.89 Jun 7.99 68.30 23.00 65.00 87.00 4.40 7.89 Japan May 1.44 0.00 16.00 12.30 16.00 0.00 1.45 Jun 1.44 0.00 16.00 12.30 16.00 0.00 1.45 Mexico May 2.19 28.00 18.30 27.30 45.55 0.60 2.34 Jun 2.19 28.00 18.30 27.30 45.55 0.60 2.34 Southeast Asia 7/ May 3.16 30.36 17.65 39.50 47.50 0.63 3.04 Jun 3.26 30.26 17.85 39.70 47.70 0.63 3.04 South Korea May 1.91 0.08 11.80 9.40 11.85 0.00 1.93 Jun 1.91 0.08 11.80 9.40 11.85 0.00 1.93 Selected Other Canada May 2.06 15.60 1.00 9.40 14.80 1.00 2.86 Jun 2.06 15.60 1.00 9.40 14.80 1.00 2.86 China May 208.07 260.00 7.00 188.00 275.00 0.02 200.05 Jun 207.07 260.00 7.00 189.00 276.00 0.02 198.05 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European Union, Japan, Mexico, Southeast Asia, and South K orea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. June 2020 WASDE - 601 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 164.10 496.46 43.78 483.77 43.71 176.79 World Less China 55.10 347.97 40.58 340.85 40.94 61.79 United States 0.93 7.11 0.92 4.57 2.97 1.42 Total Foreign 163.16 489.36 42.86 479.20 40.74 175.37 Major Exporters 4/ 28.88 184.66 0.76 145.41 31.76 37.14 Burma 0.81 13.20 0.01 10.25 2.70 1.07 India 22.60 116.48 0.00 99.16 10.42 29.50 Pakistan 1.42 7.30 0.00 3.30 4.49 0.93 Thailand 3.01 20.34 0.25 11.50 7.56 4.54 Vietnam 1.03 27.34 0.50 21.20 6.58 1.10 Major Importers 5/ 122.58 239.15 17.11 247.82 3.18 127.83 China 109.00 148.49 3.20 142.92 2.77 115.00 European Union 6/ 1.18 1.97 2.15 3.80 0.30 1.19 Indonesia 5.56 34.20 0.60 36.30 0.00 4.06 Nigeria 1.58 4.54 1.90 6.80 0.00 1.22 Philippines 2.29 11.73 3.60 14.10 0.00 3.52 Sel. Mideast 7/ 0.90 2.01 3.91 5.90 0.00 0.91 Selected Other 0.00 Brazil 0.59 7.14 0.75 7.40 0.88 0.20 C. Amer & Carib 8/ 0.63 1.65 1.79 3.37 0.04 0.67 Egypt 1.56 2.80 0.81 4.15 0.02 1.00 Japan 2.22 7.66 0.63 8.40 0.07 2.05 Mexico 0.15 0.19 0.74 0.92 0.03 0.14 South Korea 1.56 3.87 0.29 4.57 0.05 1.09 2019/20 Est. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 176.79 494.29 40.22 489.83 41.65 181.26 World Less China 61.79 347.56 37.82 344.90 38.95 64.76 United States 1.42 5.86 1.06 4.29 3.05 1.02 Total Foreign 175.37 488.43 39.15 485.54 38.60 180.24 Major Exporters 4/ 37.14 183.21 0.66 148.39 30.40 42.22 Burma 1.07 12.70 0.01 10.45 2.20 1.13 India 29.50 117.94 0.00 102.34 10.10 35.00 Pakistan 0.93 7.20 0.00 3.00 4.40 0.73 Thailand 4.54 18.00 0.25 11.40 7.00 4.39 Vietnam 1.10 27.37 0.40 21.20 6.70 0.97 Major Importers 5/ 127.83 238.23 13.61 249.08 3.11 127.49 China 115.00 146.73 2.40 144.93 2.70 116.50 European Union 6/ 1.19 1.97 2.20 3.90 0.30 1.16 Indonesia 4.06 33.50 0.80 35.30 0.00 3.06 Nigeria 1.22 5.04 1.20 6.70 0.00 0.76 Philippines 3.52 11.40 2.45 14.20 0.00 3.17 Sel. Mideast 7/ 0.91 2.34 3.20 5.60 0.00 0.85 Selected Other 0.00 Brazil 0.20 7.41 0.75 7.45 0.55 0.36 C. Amer & Carib 8/ 0.67 1.50 1.82 3.31 0.03 0.64 Egypt 1.00 4.30 0.20 4.35 0.02 1.13 Japan 2.05 7.61 0.69 8.30 0.07 1.97 Mexico 0.14 0.17 0.79 0.93 0.01 0.16 South Korea 1.09 3.74 0.55 4.10 0.06 1.23 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. June 2020 WASDE - 601 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ May 180.35 501.96 42.08 498.12 45.22 184.18 Jun 181.26 502.09 42.01 497.99 44.90 185.35 World Less China May 64.35 352.96 39.88 351.12 42.02 67.18 Jun 64.76 353.09 39.81 350.89 41.80 67.85 United States May 0.97 6.86 1.04 4.37 3.18 1.33 Jun 1.02 6.86 1.07 4.43 3.14 1.38 Total Foreign May 179.38 495.09 41.04 493.76 42.04 182.85 Jun 180.24 495.22 40.94 493.57 41.76 183.97 Major Exporters 4/ May 42.02 186.50 0.61 150.90 33.10 45.13 Jun 42.22 186.20 0.61 150.70 32.90 45.43 Burma May 1.13 13.10 0.01 10.60 2.20 1.44 Jun 1.13 13.10 0.01 10.60 2.20 1.44 India May 35.00 118.00 0.00 104.00 11.00 38.00 Jun 35.00 118.00 0.00 104.00 11.00 38.00 Pakistan May 0.73 7.50 0.00 3.10 4.30 0.83 Jun 0.73 7.50 0.00 3.10 4.30 0.83 Thailand May 4.09 20.40 0.20 11.80 9.00 3.89 Jun 4.39 20.40 0.20 11.80 9.00 4.19 Vietnam May 1.07 27.50 0.40 21.40 6.60 0.97 Jun 0.97 27.20 0.40 21.20 6.40 0.97 Major Importers 5/ May 126.81 241.56 14.36 252.05 3.61 127.08 Jun 127.49 241.64 14.36 252.05 3.51 127.93 China May 116.00 149.00 2.20 147.00 3.20 117.00 Jun 116.50 149.00 2.20 147.10 3.10 117.50 European Union 6/ May 1.16 1.97 2.25 4.00 0.30 1.08 Jun 1.16 1.97 2.25 4.00 0.30 1.08 Indonesia May 3.06 34.90 0.50 35.30 0.00 3.16 Jun 3.06 34.90 0.50 35.30 0.00 3.16 Nigeria May 0.63 4.96 1.40 6.50 0.00 0.50 Jun 0.76 5.04 1.40 6.60 0.00 0.60 Philippines May 3.12 11.00 3.00 14.50 0.00 2.62 Jun 3.17 11.00 3.00 14.30 0.00 2.87 Sel. Mideast 7/ May 0.85 2.33 3.60 6.00 0.00 0.78 Jun 0.85 2.33 3.60 6.00 0.00 0.78 Selected Other Brazil May 0.38 6.87 0.90 7.20 0.50 0.44 Jun 0.36 7.21 0.80 7.45 0.55 0.37 C. Amer & Carib 8/ May 0.64 1.58 1.90 3.45 0.03 0.64 Jun 0.64 1.58 1.90 3.45 0.03 0.64 Egypt May 1.13 4.30 0.20 4.50 0.02 1.11 Jun 1.13 4.30 0.20 4.50 0.02 1.11 Japan May 1.97 7.65 0.69 8.25 0.08 1.98 Jun 1.97 7.65 0.69 8.25 0.08 1.98 Mexico May 0.16 0.19 0.80 0.95 0.01 0.20 Jun 0.16 0.19 0.80 0.95 0.01 0.19 South Korea May 1.23 3.74 0.41 4.00 0.06 1.33 Jun 1.23 3.74 0.41 4.00 0.06 1.33 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domesti c use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesi a, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. June 2020 WASDE - 601 - 26 World Cotton Supply and Us e 1/ (Million 480 -Pound Bales) 2018/19 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 80.92 118.65 42.47 120.33 41.13 0.12 80.47 World Less China 42.93 90.90 32.83 80.83 40.91 0.12 44.80 United States 4.20 18.37 3/ 2.98 14.76 -0.02 4.85 Total Foreign 76.72 100.29 42.47 117.35 26.36 0.14 75.62 Major Exporters 4/ 26.93 54.61 2.48 33.02 22.14 0.02 28.83 Central Asia 5/ 2.67 5.44 3/ 3.80 2.01 0.00 2.30 Afr. Fr. Zone 6 / 1.61 5.43 3/ 0.17 5.31 0.00 1.56 S. Hemis. 7/ 13.19 17.31 0.18 4.39 10.86 0.01 15.41 Australia 3.04 2.20 3/ 0.04 3.63 0.00 1.57 Brazil 8.66 13.00 0.02 3.40 6.02 0.00 12.26 India 9.23 25.80 1.80 24.00 3.51 0.00 9.31 Major Importers 8/ 47.95 42.69 37.46 80.17 2.99 0.11 44.83 Mexico 0.66 1.74 0.85 1.95 0.50 0.03 0.77 China 37.99 27.75 9.64 39.50 0.21 0.00 35.67 European Union 9/ 0.30 1.71 0.64 0.70 1.72 0.03 0.21 Turkey 1.78 3.75 3.50 6.90 0.48 0.00 1.64 Pakistan 2.83 7.60 2.85 10.70 0.06 0.03 2.50 Indonesia 0.63 3/ 3.05 3.15 0.01 0.00 0.53 Thailand 0.20 3/ 1.08 1.08 0.00 0.03 0.18 Bangladesh 1.86 0.14 7.20 7.40 0.00 0.01 1.78 Vietnam 1.29 3/ 6.90 7.00 0.00 0.00 1.19 2019/20 Est. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 80.47 122.97 39.68 102.65 39.81 0.10 100.56 World Less China 44.80 95.72 32.18 69.65 39.64 0.10 63.31 United States 4.85 19.91 0.01 2.50 15.00 -0.03 7.30 Total Foreign 75.62 103.06 39.67 100.15 24.81 0.13 93.26 Major Exporters 4/ 28.83 59.33 2.82 28.57 20.55 0.02 41.83 Central Asia 5/ 2.30 5.97 3/ 3.94 1.53 0.00 2.81 Afr. Fr. Zone 6/ 1.56 6.06 3/ 0.14 4.87 0.00 2.60 S. Hemis. 7/ 15.41 16.35 0.17 3.89 10.88 0.01 17.16 Australia 1.57 0.63 3/ 0.04 1.25 0.00 0.91 Brazil 12.26 13.20 0.03 3.00 8.60 0.00 13.88 India 9.31 30.50 2.20 20.00 3.00 0.00 19.01 Major Importers 8/ 44.83 40.62 33.83 67.80 2.90 0.11 48.47 Mexico 0.77 1.57 0.53 1.70 0.53 0.03 0.61 China 35.67 27.25 7.50 33.00 0.18 0.00 37.25 European Union 9/ 0.21 2.00 0.64 0.63 1.73 0.03 0.46 Turkey 1.64 3.45 4.00 6.40 0.35 0.00 2.34 Pakistan 2.50 6.20 3.30 9.00 0.08 0.03 2.90 Indonesia 0.53 3/ 2.85 2.70 0.01 0.00 0.68 Thailand 0.18 3/ 0.70 0.75 0.00 0.03 0.10 Bangladesh 1.78 0.14 6.50 6.20 0.00 0.01 2.22 Vietnam 1.19 3/ 6.50 6.10 0.00 0.00 1.59 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, T anzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. June 2020 WASDE - 601 - 27 World Cotton Supply and Use 1/ (Mill ion 480 -Pound Bales) 2020/21 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World May 97.16 118.95 42.84 116.46 42.93 0.14 99.43 Jun 100.56 118.74 42.82 114.41 42.90 0.14 104.67 World Less Ch ina May 60.92 92.45 33.34 78.46 42.81 0.14 65.31 Jun 63.31 92.24 33.82 77.41 42.78 0.14 69.05 United States May 7.10 19.50 0.01 2.90 16.00 0.01 7.70 Jun 7.30 19.50 0.01 2.80 16.00 0.01 8.00 filler filler filler filler filler filler filler Total Fo reign May 90.06 99.45 42.84 113.56 26.93 0.13 91.73 Jun 93.26 99.24 42.81 111.61 26.90 0.13 96.67 Major Exporters 4/ May 40.03 56.58 1.81 32.64 22.82 0.02 42.95 Jun 41.83 56.79 1.81 32.04 22.88 0.02 45.50 Central Asia 5/ May 2.76 5.90 3/ 4.24 1.38 0.00 3.04 Jun 2.81 5.67 3/ 4.14 1.36 0.00 2.98 Afr. Fr. Zone 6/ May 2.48 6.09 3/ 0.14 5.54 0.00 2.88 Jun 2.60 6.07 3/ 0.14 5.54 0.00 2.98 S. Hemis. 7/ May 16.43 15.74 0.16 4.13 11.13 0.01 17.07 Jun 17.16 16.20 0.16 4.13 11.21 0.01 18.17 Australia May 0.91 1.70 3/ 0.04 1.00 0.00 1.58 Jun 0.91 1.70 3/ 0.04 1.00 0.00 1.58 filler filler filler filler filler filler filler Brazil May 13.78 12.00 0.03 3.20 9.00 0.00 13.61 Jun 13.88 12.00 0.03 3.20 9.00 0.00 13.71 India May 18.11 28.50 1.10 23.50 4.50 0.00 19.71 Jun 19.01 28.50 1.10 23.00 4.50 0.00 21.11 Major Importers 8/ May 47.09 39.78 38.58 76.94 2.63 0.11 45.76 Jun 48.47 39.35 38.56 75.60 2.53 0.11 48.14 Mexico May 0.79 1.23 0.88 1.85 0.25 0.03 0.76 Jun 0.61 1.15 0.90 1.80 0.20 0.03 0.64 China May 36.25 26.50 9.50 38.00 0.13 0.00 34.12 Jun 37.25 26.50 9.00 37.00 0.13 0.00 35.62 European Union 9/ May 0.47 1.95 0.61 0.66 1.77 0.03 0.58 Jun 0.46 1.95 0.61 0.66 1.77 0.03 0.57 Turkey May 2.29 3.65 3.70 7.00 0.33 0.00 2.32 Jun 2.34 3.30 4.20 6.90 0.33 0.00 2.62 Pakistan May 2.78 6.30 4.70 10.50 0.15 0.03 3.10 Jun 2.90 6.30 4.50 10.30 0.10 0.03 3.27 Indonesia May 0.68 3/ 3.05 3.00 0.01 0.00 0.73 Jun 0.68 3/ 3.05 3.00 0.01 0.00 0.73 Thailand May 0.10 3/ 0.93 0.85 0.00 0.03 0.16 Jun 0.10 3/ 0.93 0.85 0.00 0.03 0.16 Bangladesh May 2.02 0.15 7.00 7.00 0.00 0.01 2.15 Jun 2.22 0.15 7.10 7.00 0.00 0.01 2.45 Vietnam May 1.39 3/ 6.95 6.80 0.00 0.00 1.54 Jun 1.59 3/ 7.00 6.80 0.00 0.00 1.79 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and S yria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Ar gentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. June 2020 WASDE - 601 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 98.60 360.26 144.61 297.27 342.65 148.30 112.52 World Less China 75.54 344.29 62.07 212.27 240.65 148.18 93.07 United States 11.92 120.52 0.38 56.94 60.52 47.56 24.74 Total Foreign 86.68 239.74 144.23 240.33 282.14 100.74 87.78 Major Exporters 3/ 56.87 185.98 6.56 86.73 96.15 91.35 61.90 Argentina 23.73 55.30 6.41 40.57 47.45 9.10 28.89 Brazil 32.74 119.00 0.14 42.47 44.81 74.59 32.48 Paraguay 0.39 8.85 0.01 3.62 3.82 4.90 0.53 Major Importers 4/ 25.67 19.84 114.98 113.03 138.08 0.32 22.09 China 23.06 15.97 82.54 85.00 102.00 0.12 19.46 European Union 1.40 2.66 14.98 15.60 17.26 0.18 1.61 Southeast Asia 0.84 0.66 8.27 3.81 9.08 0.02 0.67 Mexico 0.17 0.34 5.87 6.15 6.20 0.00 0.18 2019/20 Est. Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 112.52 335.35 155.21 302.65 348.35 155.54 99.19 World Less China 93.07 317.25 61.21 215.15 243.15 155.42 72.95 United States 24.74 96.68 0.41 58.24 61.00 44.91 15.92 Total Foreign 87.78 238.67 154.80 244.41 287.36 110.64 83.27 Major Exporters 3/ 61.90 186.10 3.88 88.88 98.92 102.03 50.93 Argentina 28.89 50.00 3.60 40.80 47.89 9.00 25.60 Brazil 32.48 124.00 0.25 44.25 46.90 85.00 24.83 Paraguay 0.53 9.90 0.02 3.75 4.05 5.90 0.50 Major Importers 4/ 22.09 21.78 127.01 115.74 141.51 0.40 28.98 China 19.46 18.10 94.00 87.50 105.20 0.12 26.24 European Union 1.61 2.63 15.10 15.80 17.46 0.25 1.63 Southeast Asia 0.67 0.61 8.52 3.74 9.02 0.03 0.75 Mexico 0.18 0.24 6.00 6.20 6.25 0.00 0.16 2020/21 Proj. Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ May 100.27 362.76 158.02 312.80 360.73 161.93 98.39 Jun 99.19 362.85 158.02 313.71 361.74 161.98 96.34 World Less China May 75.04 345.26 62.02 219.80 249.33 161.83 71.16 Jun 72.95 345.35 62.02 220.21 249.84 161.88 68.61 United States May 15.79 112.26 0.41 57.97 61.64 55.79 11.03 Jun 15.92 112.26 0.41 58.38 62.05 55.79 10.76 Total Foreign May 84.49 250.49 157.62 254.83 299.09 106.14 87.36 Jun 83.27 250.58 157.62 255.33 299.69 106.19 85.59 Major Exporters 3/ May 53.23 197.10 3.76 91.88 102.03 98.08 53.98 Jun 50.93 197.10 3.76 91.88 102.03 98.08 51.68 Argentina May 27.00 53.50 3.60 43.00 50.20 6.50 27.40 Jun 25.60 53.50 3.60 43.00 50.20 6.50 26.00 Brazil May 25.73 131.00 0.15 45.00 47.65 83.00 26.23 Jun 24.83 131.00 0.15 45.00 47.65 83.00 25.33 Paraguay May 0.50 10.25 0.01 3.80 4.10 6.30 0.35 Jun 0.50 10.25 0.01 3.80 4.10 6.30 0.35 Major Importers 4/ May 27.97 21.34 129.33 121.54 148.34 0.33 29.97 Jun 28.98 21.33 129.33 122.04 148.84 0.33 30.47 China May 25.23 17.50 96.00 93.00 111.40 0.10 27.23 Jun 26.24 17.50 96.00 93.50 111.90 0.10 27.74 European Union May 1.63 2.60 14.90 15.70 17.36 0.20 1.57 Jun 1.63 2.60 14.90 15.70 17.36 0.20 1.57 Southeast Asia May 0.75 0.60 8.92 3.92 9.46 0.03 0.79 Jun 0.75 0.60 8.92 3.92 9.46 0.03 0.79 Mexico May 0.16 0.40 6.10 6.40 6.47 0.00 0.19 Jun 0.16 0.39 6.10 6.40 6.47 0.00 0.18 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to rounding . June 2020 WASDE - 601 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.47 233.28 62.05 229.68 67.27 11.86 World Less China 13.47 165.96 62.03 163.28 66.33 11.86 United States 0.50 44.28 0.62 32.75 12.30 0.37 Total Foreign 12.97 189.00 61.43 196.94 54.97 11.49 Major Exporters 3/ 6.99 71.79 0.10 26.05 46.99 5.83 Argentina 2.48 31.20 0.03 3.13 28.83 1.74 Brazil 4.30 32.91 0.02 17.65 15.97 3.61 India 0.22 7.68 0.05 5.28 2.18 0.48 Major Importers 4/ 1.58 22.02 38.88 60.26 0.59 1.64 European Union 0.21 12.32 18.76 30.44 0.37 0.48 Mexico 0.04 4.86 1.84 6.58 0.01 0.15 Southeast Asia 5/ 1.21 2.98 16.69 19.77 0.20 0.91 2019/20 Est. Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 11.86 237.92 63.41 236.41 66.59 10.18 World Less China 11.86 168.62 63.39 168.07 65.61 10.18 United States 0.37 45.65 0.54 34.02 12.20 0.34 Total Foreign 11.49 192.27 62.86 202.39 54.39 9.84 Major Exporters 3/ 5.83 72.34 0.08 26.86 46.25 5.14 Argentina 1.74 31.35 0.00 3.28 28.00 1.81 Brazil 3.61 34.35 0.03 18.09 16.80 3.10 India 0.48 6.64 0.05 5.49 1.45 0.23 Major Importers 4/ 1.64 22.19 39.20 61.05 0.52 1.46 European Union 0.48 12.48 18.50 30.79 0.30 0.37 Mexico 0.15 4.90 1.93 6.90 0.01 0.07 Southeast Asia 5/ 0.91 2.92 17.15 19.85 0.21 0.92 2020/21 Proj. Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ May 10.34 246.05 64.43 243.53 67.39 9.90 Jun 10.18 246.72 64.43 244.20 67.39 9.74 World Less China May 10.34 172.39 64.41 170.86 66.39 9.90 Jun 10.18 172.67 64.41 171.13 66.39 9.74 United States May 0.34 45.56 0.36 34.02 11.88 0.36 Jun 0.34 45.84 0.36 34.29 11.88 0.36 Total Foreign May 10.00 200.49 64.06 209.51 55.51 9.54 Jun 9.84 200.88 64.06 209.91 55.51 9.38 Major Exporters 3/ May 5.30 75.47 0.08 27.69 47.82 5.34 Jun 5.14 75.47 0.08 27.69 47.82 5.18 Argentina May 1.46 33.05 0.00 3.40 29.65 1.46 Jun 1.81 33.05 0.00 3.40 29.65 1.81 Brazil May 3.61 34.90 0.03 18.50 16.30 3.74 Jun 3.10 34.90 0.03 18.50 16.30 3.23 India May 0.23 7.52 0.05 5.79 1.87 0.14 Jun 0.23 7.52 0.05 5.79 1.87 0.14 Major Importers 4/ May 1.46 22.42 39.84 61.72 0.52 1.49 Jun 1.46 22.42 39.84 61.72 0.52 1.49 European Union May 0.37 12.40 18.75 30.94 0.30 0.28 Jun 0.37 12.40 18.75 30.94 0.30 0.28 Mexico May 0.07 5.06 2.00 7.05 0.01 0.07 Jun 0.07 5.06 2.00 7.05 0.01 0.07 Southeast Asia 5/ May 0.92 3.06 17.47 20.21 0.21 1.04 Jun 0.92 3.06 17.47 20.21 0.21 1.04 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. June 2020 WASDE - 601 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 3.83 55.64 10.43 54.92 11.18 3.81 World Less China 3.26 40.41 9.65 39.04 10.98 3.31 United States 0.91 10.98 0.18 10.38 0.88 0.81 Total Foreign 2.93 44.67 10.25 44.55 10.30 3.00 Major Export ers 3/ 0.80 19.71 0.47 12.24 7.78 0.96 Argentina 0.27 7.91 0.00 2.57 5.26 0.35 Brazil 0.37 8.15 0.02 7.17 1.08 0.30 European Union 0.15 2.96 0.42 2.46 0.79 0.29 Major Importers 4/ 1.02 17.98 6.36 23.98 0.31 1.08 China 0.57 15.23 0.78 15.89 0.20 0.50 India 0.17 1.73 3.00 4.75 0.01 0.14 North Africa 5/ 0.19 0.73 1.56 2.17 0.10 0.21 2019/20 Est. Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 3.81 56.60 10.79 55.60 11.43 4.16 World Less China 3.31 40.92 9.79 39.02 11.28 3.71 United States 0.81 11.15 0.17 10.02 1.23 0.88 Total Foreign 3.00 45.44 10.62 45.57 10.21 3.28 Major Exporters 3/ 0.96 20.16 0.49 12.35 7.87 1.40 Argentina 0.35 7.95 0.00 2.39 5.35 0.56 Brazil 0.30 8.50 0.06 7.45 1.05 0.36 European Union 0.29 3.00 0.43 2.47 0.80 0.45 Major Importers 4/ 1.08 18.33 6.56 24.73 0.27 0.97 China 0.50 15.68 1.00 16.57 0.15 0.46 India 0.14 1.50 3.20 4.71 0.01 0.12 North Africa 5/ 0.21 0.77 1.56 2.23 0.11 0.20 2020/21 Proj . Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ May 4.12 58.53 11.12 57.88 11.75 4.14 Jun 4.16 58.70 11.12 57.97 11.80 4.22 World Less China May 3.66 41.87 9.92 40.31 11.60 3.54 Jun 3.71 41.95 9.92 40.31 11.65 3.62 United States May 0.85 11.20 0.18 10.43 0.95 0.85 Jun 0.88 11.28 0.18 10.43 1.00 0.91 Total Foreign May 3.27 47.34 10.94 47.45 10.80 3.29 Jun 3.28 47.43 10.94 47.54 10.80 3.31 Major Exporters 3/ May 1.37 20.73 0.45 12.70 8.55 1.30 Jun 1.40 20.73 0.45 12.70 8.55 1.33 Argentina May 0.56 8.39 0.00 2.40 6.00 0.55 Jun 0.56 8.39 0.00 2.40 6.00 0.55 Brazil May 0.33 8.64 0.03 7.65 1.05 0.30 Jun 0.36 8.64 0.03 7.65 1.05 0.33 European Union May 0.45 2.98 0.42 2.61 0.83 0.42 Jun 0.45 2.98 0.42 2.61 0.83 0.42 Major Importers 4/ May 0.99 19.57 6.82 26.01 0.23 1.13 Jun 0.97 19.66 6.82 26.10 0.23 1.12 China May 0.46 16.67 1.20 17.57 0.15 0.60 Jun 0.46 16.76 1.20 17.66 0.15 0.60 India May 0.12 1.69 3.24 4.90 0.01 0.14 Jun 0.12 1.69 3.24 4.90 0.01 0.14 North Africa 5/ May 0.22 0.78 1.58 2.27 0.08 0.24 Jun 0.20 0.78 1.58 2.27 0.08 0.22 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported ex ports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. June 2020 WASDE - 601 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2019 II 6,817 6,615 13,491 10,945 1,451 12,529 26,020 2,351 55.7 III 6,923 6,706 13,683 11,402 1,453 12,992 26,675 2,347 54.2 IV 7,001 7,478 14,535 11,175 1,467 12,773 27,308 2,414 54.0 Annual 27,155 27,638 55,015 43,905 5,818 50,251 105,266 9,447 218.4 2020 I 6,929 7,426 14,407 11,237 1,469 12,841 27,248 2,349 56.1 II* 6,005 6,180 12,236 10,550 1,410 12,099 24,335 2,300 56.5 III* 6,915 7,000 13,969 11,200 1,420 12,762 26,731 2,355 55.1 IV* 6,825 7,160 14,041 11,050 1,470 12,650 26,691 2,385 54.8 Annual May Proj. 25,764 27,436 53,416 43,778 5,834 50,159 103,575 9,514 222.4 Jun Proj. 26,674 27,766 54,653 44,037 5,769 50,352 105,005 9,389 222.5 2021 I* 6,760 7,080 13,892 10,900 1,465 12,495 26,387 2,330 56.2 Annual May P roj. 27,490 28,235 55,943 44,975 5,885 51,400 107,343 9,680 224.1 Jun Proj. 27,575 28,235 56,028 44,975 5,845 51,360 107,388 9,545 225.3 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef , pork, veal and lamb & mutton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2019 II 118.79 57.95 97.7 85.5 69.7 17.93 III 108.16 50.08 82.0 90.8 81.9 18.97 IV 114.88 43.11 80.6 97.8 117.2 20.60 Annual 116.78 47.95 88.6 89.2 94.0 18.63 2020 I 118.32 42.52 83.5 97.4 133.1 18.83 II* 106.00 40.00 67.0 104.0 119.0 14.50 III* 104.00 44.00 64.0 108.0 116.0 17.10 IV* 106.00 43.00 65.0 110.0 134.0 16.20 Annual May Proj. 104.1 43.1 71.4 104.6 129.5 14.55 Jun Proj. 108.6 42.4 69.9 104.9 125.5 16.65 2021 I* 104.00 44.00 80.0 101.0 120.0 15.70 Annual May Proj. 109 47 81 104 115 15.00 Jun Proj. 110 47 81 104 115 16.20 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. June 2020 WASDE - 601 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2019 662 27,221 3,057 30,940 3,022 642 27,276 58.1 2020 Proj. May 642 25,830 2,904 29,376 2,894 675 25,806 54.7 Jun 642 26,740 2,974 30,356 2,944 675 26,736 56.6 2021 Proj. May 675 27,556 3,020 31,251 3,140 650 27,461 57.8 Jun 675 27,641 3,020 31,336 3,140 650 27,546 58.0 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2019 559 27,652 945 29,155 6,321 646 22,188 52.4 2020 Proj. May 646 27,450 816 28,913 7,148 580 21,185 49.7 Jun 646 27,780 816 29,243 7,198 580 21,465 50.4 2021 Proj. May 580 28,249 855 29,684 7,300 600 21,784 50.8 Jun 580 28,249 855 29,684 7,300 600 21,784 50.8 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2019 1,266 55,105 4,274 60,644 9,349 1,330 49,966 111.9 2020 Proj. May 1,330 53,506 3,993 58,828 10,050 1,300 47,478 105.7 Jun 1,330 54,743 4,058 60,130 10,151 1,300 48,679 108.3 2021 Proj. May 1,300 56,033 4,139 61,472 10,446 1,293 49,733 109.9 Jun 1,300 56,118 4,148 61,566 10,446 1,293 49,827 110.1 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2019 845 43,435 131 44,411 7,109 937 36,365 95.1 2020 Proj. May 937 43,310 140 44,386 7,363 840 36,183 94.1 Jun 937 43,566 133 44,635 7,363 840 36,432 94.7 2021 Proj. May 840 44,494 132 45,466 7,400 850 37,216 96.1 Jun 840 44,494 132 45,466 7,400 850 37,216 96.1 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2019 303 5,818 12 6,133 639 233 5,261 16.0 2020 Proj. May 233 5,834 13 6,079 584 235 5,260 15.9 Jun 233 5,769 13 6,014 569 235 5,210 15.8 2021 Proj. May 235 5,885 12 6,132 595 240 5,297 15.9 Jun 235 5,845 12 6,092 580 240 5,272 15.9 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2019 1,153 49,781 146 51,080 7,829 1,175 42,076 112.5 2020 Proj. May 1,175 49,690 156 51,020 8,023 1,082 41,915 111.4 Jun 1,175 49,880 149 51,204 8,015 1,082 42,107 111.9 2021 Proj. May 1,082 50,918 147 52,147 8,061 1,097 42,989 113.5 Jun 1,082 50,878 147 52,107 8,050 1,097 42,960 113.4 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2019 2,419 104,886 4,420 111,724 17,179 2,504 92,041 224.3 2020 Proj. May 2,504 103,196 4,149 109,849 18,073 2,382 89,394 217.1 Jun 2,504 104,623 4,207 111,334 18,166 2,382 90,786 220.2 2021 Proj. May 2,382 106,951 4,286 113,619 18,507 2,390 92,722 223.4 Jun 2,382 106,996 4,295 113,673 18,496 2,390 92,787 223.5 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready -to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. June 2020 WASDE - 601 - 33 U.S. Egg Supply and Use Commodity 2018 2019 2020 Proj. 2020 Proj. 2021 Proj. 2021 Proj. May Jun May Jun Eggs Million Dozen Supply Beginning Stocks 87.5 78.8 108.7 108.7 130.0 135.0 Production 9,205.0 9,447.5 9,513.6 9,389.0 9,680.0 9,545.0 Imports 17.8 14.5 14.1 13.9 16.0 16.0 Total Supply 9,310.3 9,540.8 9,636.4 9,511.6 9,826.0 9,696.0 Use Exports 333.1 334.1 311.0 330.0 330.0 330.0 Hatching Use 1,057.5 1,081.2 1,078.9 1,079.1 1,120.0 1,105.0 Ending Stocks 78.8 108.7 130.0 135.0 135.0 140.0 Disappearance Total 7,841.0 8,016.8 8,116.5 7,967.5 8,241.0 8,121.0 Per Capita (number) 287.8 292.8 294.7 289.4 297.4 293.0 Total U.S. Milk Supply and Use Commodity 2018 2019 2020 Proj. 2020 Proj. 2021 Proj. 2021 Proj. May Jun May Jun Milk Billion Pounds Production 217.6 218.4 222.4 222.5 224.1 225.3 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 13.4 13.8 13.6 13.6 15.3 14.2 Marketings 216.6 217.4 221.3 221.5 223.1 224.3 Imports 6.3 7.0 6.7 6.8 6.8 6.7 Total Cml. Supply 236.2 238.1 241.7 241.9 245.2 245.2 Fat Basis Use Commercial Exports 10.4 9.1 9.2 8.9 9.2 9.2 Ending Commercial Stocks 13.8 13.6 15.3 14.2 14.1 13.7 CCC Donations 0.0 0.2 0.3 0.3 0.0 0.0 Domestic Commercial Use 212.1 215.2 216.9 218.6 221.9 222.4 Skim -solid Basis Supply Beg. Commercial Stocks 11.8 10.7 10.2 10.2 11.3 10.6 Marketings 216.6 217.4 221.3 221.5 223.1 224.3 Imports 5.5 5.8 5.7 5.8 5.8 5.6 Total Cml. Supply 233.8 233.9 237.3 237.5 240.2 240.5 Skim -solid Basis Use Commercial Exports 44.7 41.6 44.4 45.1 44.9 44.9 Ending Commercial Stocks 10.7 10.2 11.3 10.6 10.3 10.3 CCC Donations 0.0 0.2 0.1 0.1 0.0 0.0 Domestic Commercial Use 178.5 181.9 181.5 181.7 185.0 185.4 Total CCC Donations include purchases made through the USDA Trade Mitigation program. They do not include products purchased under other programs. Dairy domestic commercial use for 2020 includes additional milk marketed but not processed. Note: Totals ma y not add due to rounding. June 2020 WASDE - 601 - 34 U.S. Dairy Prices Commodity 2018 2019 2020 Proj. 2020 Proj. 2021 Proj. 2021 Proj. May Jun May Jun Product Prices 1/ Dollars Per Pound Cheese 1.5377 1.7586 1.420 1.660 1.495 1.610 Butter 2.2572 2.2431 1.410 1.680 1.465 1.690 Nonfat Dry Milk 0.7945 1.0419 0.940 1.000 0.955 0.970 Dry Whey 0.3422 0.3799 0.380 0.360 0.395 0.345 Filler Dollars Per Cwt Milk Prices 2/ Class III 14.61 16.96 13.35 15.65 14.20 15.10 Class IV 14.23 16.30 11.90 13.55 12.20 13.35 All Milk 3/ 16.27 18.63 14.55 16.65 15.00 16.20 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated pla nts for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . June 2020 WASDE - 601 - 35 Reliability of June Projections 1/ Note: Tables on pages 35 -37 present a record of the June projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means t hat chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 3.1 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 5.2 percent. The average difference between the June projection and the final estimate is 16.4 million tons, ranging from 0.4 million to 32.2 million tons. The June projection has been below the estimate 24 times and above 15 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 3.1 5.2 16.4 0.4 32.2 24 15 U.S. 5.8 9.8 2.7 0.0 8.4 23 16 Foreign 3.2 5.5 15.3 1.1 31.9 23 15 Exports World 6.1 10.3 6.2 0.0 19.2 26 12 U.S. 12.0 20.4 2.9 0.1 10.2 22 17 Foreign 6.6 11.2 5.6 0.6 19.8 28 10 Domestic Use World 2.2 3.7 10.4 0.5 27.5 23 16 U.S. 7.1 12.1 1.8 0.0 6.4 18 21 Foreign 2.2 3.7 10.2 0.6 28.6 24 14 Ending Stocks World 10.3 17.4 12.5 0.8 40.5 26 13 U.S. 18.7 31.7 3.5 0.1 14.9 23 16 Foreign 10.5 17.8 10.5 0.8 36.1 25 13 COARSE GRAINS 2/ Production World 3.6 6.2 26.8 0.6 103.3 22 17 U.S. 13.6 23.1 19.7 0.5 103.8 21 18 Foreign 2.8 4.8 15.3 0.4 45.6 20 18 Exports World 7.7 13.0 7.7 0.3 24.0 27 12 U.S. 28.9 49.0 8.2 0.1 30.8 17 22 Foreign 13.7 23.3 7.1 0.5 19.2 25 13 Domestic Use World 2.0 3.3 15.2 0.7 66.7 18 21 U.S. 5.6 9.5 7.5 0.1 37.0 24 15 Foreign 2.0 3.5 11.9 0.1 38.2 19 19 Ending Stocks World 21.0 35.6 25.9 1.7 170.1 27 12 U.S. 50.4 85.5 15.9 0.5 57.6 22 17 Foreign 17.7 30.0 16.2 0.1 155.2 29 9 RICE, milled Production World 2.4 4.1 7.2 0.3 21.8 25 14 U.S. 7.3 12.4 0.3 0.0 1.1 21 18 Foreign 2.4 4.1 7.1 0.4 21.9 24 14 Exports World 9.7 16.5 1.8 0.1 7.5 27 12 U.S. 11.4 19.3 0.2 0.0 1.0 19 17 Foreign 10.6 18.0 1.8 0.1 7.1 27 11 Domestic Use World 1.9 3.2 4.9 0.0 20.3 25 14 U.S. 8.5 14.4 0.2 0.0 0.5 16 22 Foreign 1.9 3.3 4.9 0.0 20.8 26 12 Ending Stocks World 14.6 24.8 7.4 0.2 26.7 28 11 U.S. 33.4 56.7 0.3 0.0 0.9 21 16 Foreign 15.8 26.9 7.5 0.4 26.4 28 10 1/ Footnotes at end of table. CONTINUED June 2020 WASDE - 601 - 36 Reliability of June Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World NA NA 11.8 1.5 27.9 6 10 U.S. 9.2 15.6 5.0 0.0 16.2 20 19 Foreign NA NA 8.5 0.4 23.9 6 9 Exports World NA NA 5.4 0.5 12.1 9 7 U.S. 15.6 26.6 3.4 0.3 14.0 21 18 Foreign NA NA 4.3 0.4 11.4 10 5 Domestic Use World NA NA 6.8 0.3 17.0 6 10 U.S. 6.2 10.5 2.0 0.1 7.2 24 15 Foreign NA NA 6.1 0.4 13.0 6 9 Ending Stocks World NA NA 8.5 0.1 26.2 8 8 U.S. 57.6 97.8 3.4 0.4 16.6 13 26 Foreign NA NA 6.6 0.3 19.1 9 6 COTTON Million 480 -Pound Bales Production World 6.0 10.2 4.1 0.0 16.4 22 16 U.S. 10.4 17.6 1.5 0.1 5.7 19 20 Foreign 6.1 10.4 3.3 0.2 12.4 22 16 Exports World 10.4 17.7 2.3 0.1 12.4 22 17 U.S. 29.4 49.9 1.5 0.1 4.0 23 16 Foreign 13.2 22.4 1.8 0.1 9.9 20 18 Domestic Use World 5.4 9.2 3.6 0.1 20.3 15 24 U.S. 9.7 16.5 0.5 0.0 1.4 17 21 Foreign 5.6 9.5 3.5 0.0 19.9 18 20 Ending Stocks World 17.3 29.4 6.6 0.5 19.9 26 13 U.S. 40.8 69.2 1.4 0.1 4.6 19 20 Foreign 16.6 28.2 5.7 0.3 19.2 27 11 1/ Marketing years 1981/82 through 2019/20 for grains, soybeans (U.S. only), and cotton. Marketing years 2009/10 th rough 2019/20 for global and foreign soybeans. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2018/19, and for 2019/20 the last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. June 2020 WASDE - 601 - 37 Reliability of United States June Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 16.1 27.3 770 8 4,010 20 19 Exports 30.5 51.7 304 38 1,150 18 21 Domestic Use 13.3 22.6 443 0 5,888 23 15 Ending Stocks 60.3 102.4 576 32 2,091 22 17 SORGHUM Production 20.0 33.9 85 0 228 19 19 Exports 41.6 70.6 48 0 190 18 20 Domestic Use 26.0 44.1 55 0 140 17 21 Ending Stocks 67.2 114.1 46 0 191 14 24 BARLEY Production 14.1 24.0 27 1 206 16 23 Exports 76.3 129.4 14 0 92 20 15 Domestic Use 11.5 19.5 29 0 95 18 20 Ending Stocks 22.6 38.3 22 1 79 18 21 OATS Production 24.0 40.8 30 1 231 8 31 Exports 110.7 187.9 1 0 8 10 12 Domestic Use 10.6 18.0 20 0 160 13 24 Ending Stocks 30.5 51.8 17 0 77 12 25 SOYBEAN MEA L Thousand Short Tons Production 5.6 9.6 1,304 57 4,919 25 14 Exports 17.5 29.7 980 50 2,650 25 14 Domestic Use 4.7 8.0 905 24 4,650 21 18 Ending Stocks 44.5 75.5 53 0 488 13 15 SOYBEAN OIL Million Pounds Production 5.4 9.1 655 18 2,330 28 11 Exports 33.1 56.2 449 0 1,700 22 16 Domestic Use 4.3 7.2 481 0 2,100 23 15 Ending Stocks 37.4 63.5 453 0 1,432 20 18 ANIMAL PROD. Million Pounds Beef 4.0 6.9 770 41 2,727 18 8 Pork 3.3 5.6 521 61 1,722 16 10 Broilers 2.3 4.0 645 55 1,465 11 15 Turkeys 3.9 6.6 160 2 478 12 14 Million Dozen Eggs 1.5 2.6 96 2 259 19 7 Billion Pounds Milk 1.5 2.6 1.8 0.0 7.0 11 9 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981 /82 through 2019/20 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2018/19, and for 2019/20 the last month’s estimate. Calendar years 1994 through 2019 for meats, eggs, and milk. Final for animal products is defined as the latest annual production es timate published by NASS for 1994 -2019. WASDE-601-38 Related USDA Reports The WASDE report incorporates information from a number of stati stical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive databa se of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign produc tion assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. IPAD is located at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric- Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ To subscribe to receive WASDE -related notifications by email or text message visit https://public.govdelivery.com/accounts/USDAOC/subscriber/new?topic_id=USDAOC_223 . Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at 202- 720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE -601 – June 11, 2020 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for comm unication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202 - 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326 -W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554-9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 531 Approved by the World Agricultural Outlook Board July 11, 2014 NOTE: This report adopts U.S. area, yield, and production forecasts for winter wheat, durum, other spring wheat, barley, and oats released today by the National Agricultural Statistics Service (NASS). For rice, corn, sorghum, soybeans, and cotton, area estimates reflect the June 30 NASS Acreage report, and methods used to project production are noted on each table. The first survey -based 2014 production forecasts for those crops will be reported by NASS on August 12. WHEAT: Projected U.S. wheat supplies for 2014/15 are raised this month with a sharp increase in forecast Hard Red Spring (HRS) wheat more than offsetting a decrease for Hard Red Winter (HRW). The HRW crop was damaged by drought and April freezes in the Southern and Central plains; however, the HRS crop in the Northern Plains has benefitted from abundant soil moisture and cooler than normal early summer temperatures. Yields for Durum and other spring wheat are forecast to be above average. Feed and residual use for all wheat in 2014/15 is lowered 15 million bushels to 145 million as tight supplies of HRW wheat and relatively more attractive prices for feed grains reduce expected feed and residual use. All wheat exports for 2014/15 are lowered 25 million bushels reflecting expectations of large world supplies and strong competition in export markets. Ending stocks are projected 86 million bushels higher. The projected season-average farm price range is lowered 40 cents at the midpoint to $6.00 to $7.20 per bushel. Global wheat supplies for 2014/15 are raised 1.8 million tons with increased production more than offsetting lower beginning stocks. World production is raised 3.6 million tons to 705.2 million. This is down 9.0 million tons from last year but still the second largest production on record. The biggest foreign increases are 1.6 million tons for the EU and 1.0 million tons for Ukraine both due to continued favorable weather. Production is raised 0.5 million tons for Australia based on the latest government indications for area. Production is also raised 0.3 million tons each for Brazil and Serbia. Partly offsetting this month’s production increases is a reduction of 1.0 million tons for Kazakhstan due to June dryness and a decline of 0.5 million tons for Canada based on the latest area indications from Statistics Canada. Global wheat consumption is raised 0.9 million tons with increased wheat feeding for the EU and higher food use for several countries. EU wheat feeding is raised 1.0 million tons as wheat quality is expected to suffer in the lower Danube region because of excessive rainfall in recent weeks. Feeding reductions for Kazakhstan, Egypt, and Thailand are partly offsetting. Food use is raised for Indonesia, Sudan, Morocco, and Bangladesh but lowered for Egypt. Global wheat trade for 2014/15 is lowered with exports reduced 1.0 million tons for Kazakhstan and 0.7 million for the United States. Partly offsetting increases in exports are made for Australia, Ukrai ne, and Serbia with improved crop prospects. EU imports are lowered 0.5 million tons due in part to larger expected supplies of feed quality wheat in Bulgaria and Romania. Imports are also lowered for Egypt and Mexico, but raised for Sudan, Indonesia, and Nigeria. With supplies rising faster than use, global ending stocks are raised 0.9 million tons and remain at a 3-year high. COARSE GRAINS: Projected 2014/15 U.S. feed grain supplies are raised with increases for corn and sorghum beginning stocks and higher expected sorghum production. Corn production is projected 75 million bushels lower based on harvested acres from the June 30 Acreage report. The national average corn yield remains projected at a record 165.3 bushels per acre. Favorable early July crop WASDE-531-2 conditions and weather support an outlook for record yields across most of the Corn Belt, however, for much of the crop, the critical pollination period will be during middle and late July. At the projected 13,860 million bushels, this year’s crop remains just 65 million bushels below last year’s record. Corn use changes for 2014/15 are limited to a 50-million-bushel reduction in expected feed and residual use based on the lower production projection and higher projected sorghum feed and residual use. Sorghum food, seed, and industrial use, exports, and ending stocks are also raised for 2014/15 with sorghum production projected up 50 million bushels on the higher area reported in the Acreage report. Corn ending stocks are projected up 75 million bushels with a higher carryin and lower feed and residual use more than offsetting the small acreage-driven decline in production. The projected range for the season-average corn price is lowered 20 cents on each end to $3.65 to $4.35 per bushel. Lower farm prices are also projected for sorghum, barley, and oats. A number of 2013/14 feed grain supply and use changes are made this month reflecting June 1 stocks estimates from the June 30 Grain Stocks and based on final marketing-year barley and oats trade data from the U.S. Census Bureau. Projected corn feed and residual use is lowered 125 million bushels based on lower-than-expected March-May disappearance as indicated by the June 1 stocks. Corn used to produce ethanol is projected 25 million bushels higher based on the pace of ethanol production to date and lower projected sorghum food, seed, and industrial use, most of which is for ethanol. Sorghum exports are projected up 10 million bushel s reflecting continued steady export sales and the large 2013/14 outstanding sales balance. Projected 2013/14 farm prices for corn and sorghum are lowered this month as favorable weather for developing 2014 crops reduce summer price prospects. Global coarse grain supplies for 2014/15 are projected 7.0 million tons higher with larger beginning stocks for the United States, Brazil, and China and larger production for China, the EU, Ukraine, Russia, and Serbia. Lower corn production for the United States and lower corn, barley, and oats production for Canada partly offset this month’s increases in world coarse grain output. World barley production is higher with larger crops expected in Ukraine and Russia. Foreign corn production for 2014/15 is raised 1.7 million tons. China corn production is up 2.0 million tons on higher expected area. China 2013/14 corn production is also raised, up 0.8 million tons based on the latest government estimates that include higher area. EU 2014/15 corn production is raised 0.4 million with larger crops expected in Germany and France. Serbia corn production is also raised 0.3 million tons. Partly offsetting is a 0.9-million-ton reduction in Canada corn reflecting the lower planted area recently reported by Statistics Canada. Brazil corn production is unchanged for 2014/15, but raised 2.0 million tons for 2013/14 based on higher area indications for second crop corn. Global 2014/15 corn trade is nearly unchanged with a reduction for Canada exports partly offset by an increase for Serbia. For 2013/14, world corn trade is raised with higher imports for the EU and South Korea more than offsetting a reduction for China. Corn exports for 2013/14 are raised for Canada, the EU, and Russia. Global corn consumption is lowered slightly for both 2013/14 and 2014/15 mostly reflecting the lower U.S. feed and residual use projections. Global 2014/15 corn ending stocks are projected 5.4 million tons higher with increases for China, Brazil, and the United States more than offsetting the Canada reduction. RICE: U.S. all rice supplies in 2014/15 are raised 12.5 million cwt or nearly 5 percent to 279.8 million, the highest since 2010/11, as beginning stocks and production are raised 0.5 million and 13.0 million, respectively. Conversely, the import forecast is lowered 1.0 million cwt to 21.0 million. All rice production for 2014/15 is forecast at 226.0 million cwt, up 13.0 million or 6 percent due entirely to an increase in area. All rice average yield is estimated at 7,469 pounds per acre, nearly the same as last month, but 3 percent below record 2013/14. All rice total use for 2014/15 is raised 10.0 million cwt or 4 percent to 240.0 million, the highest since 2010/11, as domestic and residual use and exports are each increased 5.0 million to 133.0 million and 107.0 million, respectively. Ending stocks for 2014/15 are projected at 39.8 million cwt, up 2.5 million. WASDE-531-3 Changes to U.S. 2013/14 rice supply and use include larger imports, lower domestic and residual use, larger exports, and higher ending stocks. All rice imports for 2013/14 are forecast at 23.0 million cwt, up 1.0 million from last month, due mostly to an unex pectedly large May shipment of broken rice from Thailand reported by the Bureau of the Census. Domestic and residual use for 2013/14 is lowered 1.0 million cwt to 123.0 million based largely on NASS’ Rice Stocks report showing larger than expected stocks as of June 1. Exports for 2013/14 are rais ed 1.5 million cwt to 93.5 million based on data from the Bureau of the Census through May and data from the weekly U.S. Export Sales report through early July. The 2014/15 U.S. long-grain rice season-average farm price is projected at $12.00 to $13.00 per cwt, down 80 cents per cwt on each end of the range from last month. The 2014/15 combined medium- and short-grain price is projected at $17.00 to $18.00 per cwt, down $1.20 per cwt from a month ago. The 2014/15 all rice price is projected at $13.50 to $14.50 per cwt, down 90 cents per cwt on each end of the range from last month. Larger domestic supplie s of both long-grain rice and medium-grain rice along with plentiful supplies among most of the major global exporters will exert downward pressure on prices. Global 2014/15 rice supplies are reduced due to both lower beginning stocks and production. Beginning stocks for 2014/15 are lowered 0.6 million tons due chiefly to reductions for China and the Philippines, partially offset by an increase for Vietnam. Global production is projected at a record 479.4 million tons, down 1.3 million from last month owing most ly to a decrease in India, partially offset by increases for Vietnam and the United States. India’s 2014/15 rice crop is projected at 104.0 million tons, down 2.0 million from last month attributed to the slow and erratic start to the Southwest Monsoon. Global trade and consumption are changed li ttle from a month ago. U.S. 2014/15 exports are raised 160,000 tons from a month ago. World ending stocks for 2014/15 are projected at 108.5 million tons, down 2.1 million from last month, and 3.0 million below the revised 2013/14 stocks forecast. Ending stocks projections for 2014/15 are lowered for India, China, and the Philippines, partially offsetting increases for Brazil, Vietnam, and the United States. OILSEEDS: U.S. oilseed production for 2014/15 is projected at 113.1 million tons, up 5.0 million tons with higher soybean production accounting for most of the change. Soybean production is projected at a record 3,800 million bushels, up 165 million due to increased harvested area. Harvested area, forecast at 84.1 million acres in the June 30 Acreage report, is 3.6 million above the June forecast. The soybean yield is projected at 45.2 bushels per acre, unchanged from last month. Soybean supplies are 180 million bushels above last month’s forecast due to higher beginning stocks and production. Soybean crush is projected at 1,755 million bushels, up 40 million reflecting increased domestic soybean meal disappearance in line with adjustments for 2013/14 and higher U.S. soybean meal exports that offset lower projected exports for India. Soybean exports for 2014/15 are raised 50 million bushels to 1,675 million reflecting record U.S. supplies and lower prices. U.S. soybean ending stocks are projected at 415 million bushels, up 90 million. If realized, projected stocks would be the highest since 2006/07. Prices for soybeans and products for 2014/15 are all reduced. The U.S. season-average soybean price is projected at $9.50 to $11.50 per bushel, down 25 cents on both ends of the range. Soybean meal prices are projected at $350 to $390 per short ton, down 5 dollars on both ends. The soybean oil price range is projected at 36 to 40 cents per pound, down 1 cent on both ends. Global oilseed production for 2014/15 is projected at a record 521.9 million tons, up 5.8 million from last month with soybeans and rapeseed accounting for most of the change. Global soybean production is projected at 304.8 million tons, up 4.8 million mostly due to higher production in the United States. Higher soybean production is also projected for Russia and Ukraine, both reflecting higher harvested area. Lower soybean production for India resulting from reduced harvested area partly offsets these gains. Harvested area is reduced based on planting del ays resulting from the slow development of the monsoon in the main soybean producing states. Rapeseed production is raised for Canada based on WASDE-531-4 higher planted area reported by Statistics Canada. Rapeseed production is also raised for Australia on higher area and yield. Global oilseed ending stocks for 2014/15 are projected at 99.7 million tons, up 3.6 million mostly reflecting a sharp increase in U.S. soybean stocks. U.S. soybean crush for 2013/14 is raised 25 million bushels to 1,725 million on both increased soybean meal exports and domestic soybean meal use. Soybean exports for 2013/14 are projected at 1,620 million bushels, up 20 million reflecting record ship ments through early July. Seed use is raised and residual is reduced based on indications from the June 30 Acreage and Grain Stocks reports, respectively. Soybean ending stocks for 2013/14 are projected at 140 million bushels, up 15 million. SUGAR: The Mexico 2013/14 estimate for sugar production is reduced by 75,000 metric tons (MT) to 6.025 million, based on very close to end-of-harvest reporting from Mexican authorities. The 2013/14 estimate of exports is increased by 80,000 MT based on industry reporting of increased exports to non-U.S. destinations. No other changes were made, implying ending stocks at 663,000 MT, for a low stocks-to-consumption ratio of 15.4 percent. The Mexico 2014/15 forecast of production is lowered to 6.140 million MT based on expected reduced harvested area, and average sugar yields. Imports are forecast to increase 224,000 MT to cover domestic consumption in that period before the harvest begins in late November. Because consumption and ending stocks forecasts are unchanged, exports are forecast 291,000 MT lower at 1.616 million. The U.S. 2013/14 beet sugar production is lowered by 50,000 short tons, raw value (STRV) to 4.750 million, based on an expected slow start of 2014/15 harve sting in September. Imports are increased by 89,000 STRV due to the reallocation of the tariff-rate quota (TRQ) by USTR. Total deliveries are increased by 90,000 STRV based on pace. These events imply lower ending stocks, estimated at 1.808 million STRV with stocks-to-use at 14.5 percent. The U.S. 2014/15 sugar production is forecast 130,000 STRV lower due to revised cane sugar processors’ forecasts. Total production is forecast at 8.225 million STRV. Imports from Mexico are reduced to 1.877 million STRV, down 234,000 STRV. Deliveries for human consumption are increased by 50,000 STRV, based on modest growth from the previous year. Ending stocks are forecast at 1.447 million STRV for a stocks-to-use ratio of 11.9 percent. LIVESTOCK, POULTRY, AND DAIRY: The forecast for total meat production in 2014 is raised from last month. Beef production is raised on higher steer and heifer and cow slaughter and slightly higher carcass weights. Pork production is lowered as USDA’s Quarterly Hogs and Pigs report indicated a slower-than-expected expansion in farrowings during the second quarter. This implies lower than previously forecast hog slaughter later in the year, but strong hog prices and lower feed costs are expected to provide incentives to feed hogs to heavier weights. No change was made to broiler production as the production expansion remains muted. Turkey production is raised on higher second-quarter production. Egg production is raised on strong table egg prices and lower feed costs. For 2015, beef and broiler production is forecast higher, but pork production is forecast lower. Cattle slaughter is forecast higher in early 2015 based on 2014 placements. Pork production is reduced as supplies of market hogs will remain relatively tight. Broiler production is forecast higher as lower expected feed costs support a more rapid increase in production. Forecasts for 2014 and 2015 beef imports are raised as demand for processing grade beef remains strong. Exports for 2014 are raised on recent data. Pork imports for 2014 are reduced slightly. Despite high prices, pork exports remain robust and forecasts for both 2014 and 2015 are raised. Broiler and turkey exports are raised for 2014 based on May data, but forecasts for 2015 are unchanged from last month. Cattle and hog price forecasts for 2014 are raised from last month on the strength of demand. Broiler price forecasts for both 2014 and 2015 are unchanged from last month. The turkey price forecast for 2014 is raised based on June price data, but the egg price is reduced. The hog price forecast is raised WASDE-531-5 for 2015 on expectations of tighter supplies and continued strong demand. Prices for cattle, broilers, turkey, and eggs are unchanged at the midpoint for 2015. The milk production forecast for 2014 is lowered from last month as slower growth in output per cow more than offsets a more rapid expansion in cow numbers. The forecast for 2015 is raised as higher milk prices and lower feed costs are expected to support more rapid growth in cow numbers and output per cow. Export forecasts for 2014 are lowered on a fat basis but raised on a skim-solids basis. High domestic butter prices are expected to limit export opportunities, but nonfat dry milk/skim milk powder (NDM/SMP) exports are expected to remain strong. For 2015, no change is forecast to fat-basis exports, but strength in NDM/SMP sales w ill help support higher skim-solids exports. Product prices are forecast higher for 2014 with strength in butter prices expected to carry into 2015. Despite increased production, robust domestic demand and stronger NDM/SMP exports will support prices. Class III and Class IV prices for 2014 are raised on stronger component product prices and the Class IV price forecast for 2015 is raised reflecting strength in butter prices. The all milk price is forecast at $23.25 to $23.55 per cwt for 2014, and $19.75 to $20.75 per cwt for 2015. COTTON: The 2014/15 U.S. cotton forecasts show sharply higher production and ending stocks relative to last month. Expected production is raised 1.5 million bales to 16.5 million due to larger planted area indicated in the June 30 Acreage report and lower expected abandonment based on favorable precipitation and improved crop conditions. Domestic mill use is raised 100,000 bales due to expanding domestic mill capacity, while exports are raised 500,000 bales due to the larger available supply. Despite the higher disappearance, ending stocks are raised to 5.2 million bales which, if realized, would be the largest since 2008/09. The forecast range for the marketing-year average price received by producers is 60 to 76 cents per pound, with a midpoint of 68 cents, a 5-year low. A combination of higher estimated beginning stocks, higher production, and lower consumption raise projected 2014/15 global ending stocks by 3.0 million bales this month. World beginning stocks are raised nearly 1.6 million bales due mainly to higher estimated 2013/14 production for Brazil and lower consumption for China and Pakistan. China’s consumption is reduced 1.0 million bales for 2013/14 and 500,000 bales for 2014/15, as high domestic price levels and uncertainty about future policies have discouraged cotton use in textiles in favor of polyester. However, China’s consumption is expected to grow nearly 6 percent in 2014/15 as a result of the announced elimination of government price supports. For 2014/15, world production is raised 500,000 bales, as the forecast increase for the United States is partially offset by lower production for India, Australia, and Brazil. Aggregate world trade is about unchanged from last month, but exports are raised for the United States, Australia, and Brazil and reduced for several other exporting countries. World stocks for 2014/15 are now projected at 105.7 million bales. Approved by the Secretary of Agriculture and the Acting Chairperson of the World Agricultural Outlook Board, Seth D, Meyer, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: MICHAEL T. SCUSE SECRETARY OF AGRICULTURE DESIGNATE WASDE-531-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Jerry Norton, ICEC Chair, WAOB, email : [email protected] Gary Vocke, ERS; Teresa McKeivier, FAS; Tom Tice, FSA. Rice: Andrew C. Aaronson, ICEC Chair, WAOB, email : [email protected] Nathan Childs, ERS; Debbie Rubas, FAS; Mark Simone, FSA. Feed Grains: Jerry Norton, IC EC Chair, WAOB, email : [email protected] Thomas Capehart, ERS; Richard O’M eara, FAS; Pete Riley, FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, email : [email protected] Mark Ash, ERS; Bill George, FAS; Dale Leuck, FSA. Cotton: Carol Skelly, ICEC Chair, WAOB, email : [email protected] Darryl Earnest, AMS; Leslie Meyer, ERS; Ja mes Johnson, FAS; Scott Sanford, FSA. Sugar: Stephen Haley, ICEC Chair, WAOB, email : [email protected] Stephanie Riche, ERS; Ron Lord, FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, email : [email protected] Sherry Wise, AMS; Kenneth Mathews, ERS; Cla ire Mezoughem, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, email : [email protected] Larry Haller, AMS; David Harvey, ERS; Lazar o Sandoval, FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, email : [email protected] Uthra Raghunathan, AMS; Roger Ho skin, ERS; Paul Kiendl, F AS; Milton Madison, FSA. For 2014, the WASDE report release dates are: Jan 10, Feb 10, Mar 10, Apr 9, May 9, June 11, July 11, Aug 12, Sept 11, Oct 10, Nov 10, Dec 10 WASDE-531-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................... 1 Interagency Commodity Estimates Committees ..................................................... 6 World & U.S. Supply & Use for Grains ................................................................... 8 World & U.S. Supply & Use for Cotton ................................................................... 9 World & U.S. Supply & Use for Oilseeds ............................................................. 10 U.S. Wheat Supply & Use .................................................................................... 11 U.S. Wheat Supply & Use by Class ..................................................................... 11 U.S. Feed Grain & Corn Supply & Use ................................................................ 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13 U.S. Rice Supply & Use ....................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................ 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ............................................................................. 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use ................................................................................. 18 World Coarse Grains Supply & Use ..................................................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use..................................................................................... 24 World Cotton Supply & Use ................................................................................. 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ..................................................................... 29 World Soybean Oil Supply & Use ........................................................................ 30 U.S. Quarterly Animal Product Production ........................................................... 31 U.S. Quarterly Prices for Animal Products ........................................................... 31 U.S. Meats Supply and Use ................................................................................. 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use .................................................................................... 33 U.S. Dairy Prices ................................................................................................. 34 Reliability Tables ................................................................................................. 35 Related USDA Reports ........................................................................................ 38 Metric Conversion Factors ................................................................................... 38 Electronic Access and Subscriptions ....................................................................... 40 July 2014 WASDE - 531 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World OutputTotal Supply Trade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2012/13 2267.72 2740.34 299.38 2285.44 454.90 2013/14 (Est.) 2466.71 2921.61 362.54 2416.67 504.94 filler filler filler filler filler 2014/15 (Proj.) Jun 2441.04 2943.80 339.65 2431.95 511.85 2014/15 (Proj.) Jul 2445.77 2950.71 339.01 2433.20 517.51 filler filler filler filler filler Wheat 2012/13 657.70 854.92 137.18 679.31 175.61 2013/14 (Est.) 714.20 889.81 164.31 705.52 184.29 filler filler filler filler filler 2014/15 (Proj.) Jun 701.62 887.67 152.08 699.06 188.61 2014/15 (Proj.) Jul 705.17 889.46 151.61 699.92 189.54 filler filler filler filler filler Coarse Grains 5/ 2012/13 1138.37 1307.00 122.91 1137.60 169.39 2013/14 (Est.) 1275.05 1444.45 157.54 1235.31 209.13 filler filler filler filler filler 2014/15 (Proj.) Jun 1258.70 1463.28 146.17 1250.71 212.57 2014/15 (Proj.) Jul 1261.17 1470.30 145.84 1250.87 219.43 filler filler filler filler filler Rice, milled 2012/13 471.66 578.42 39.29 468.52 109.90 2013/14 (Est.) 477.46 587.36 40.70 475.84 111.52 filler filler filler filler filler 2014/15 (Proj.) Jun 480.72 592.85 41.40 482.18 110.67 2014/15 (Proj.) Jul 479.43 590.95 41.56 482.40 108.55 filler filler filler filler filler United States Output Total SupplyTrade 2 /Total Use 3/Ending Stocks Total Grains 4/ 2012/13 354.01 414.06 51.55 318.29 44.23 2013/14 (Est.) 433.51 486.25 88.60 345.71 51.94 filler filler filler filler filler 2014/15 (Proj.) Jun 428.25 485.56 75.94 345.95 63.67 2014/15 (Proj.) Jul 429.30 489.51 75.92 345.22 68.37 filler filler filler filler filler Wheat 2012/13 61.67 85.22 27.42 38.27 19.54 2013/14 (Est.) 57.96 82.08 32.16 33.86 16.05 filler filler filler filler filler 2014/15 (Proj.) Jun 52.85 73.35 25.17 32.55 15.62 2014/15 (Proj.) Jul 54.21 74.61 24.49 32.14 17.97 filler filler filler filler filler Coarse Grains 5/ 2012/13 286.01 320.53 20.73 276.27 23.53 2013/14 (Est.) 369.43 396.17 53.43 307.91 34.83 filler filler filler filler filler 2014/15 (Proj.) Jun 368.59 403.66 47.50 309.31 46.85 2014/15 (Proj.) Jul 367.86 405.95 48.01 308.83 49.12 filler filler filler filler filler Rice, milled 2012/13 6.34 8.31 3.40 3.75 1.16 2013/14 (Est.) 6.12 8.00 3.01 3.93 1.06 filler filler filler filler filler 2014/15 (Proj.) Jun 6.81 8.55 3.26 4.10 1.19 2014/15 (Proj.) Jul 7.23 8.95 3.42 4.26 1.27 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). July 2014 WASDE - 531 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ OutputTotal Supply Trade 2 /Total UseEnding Stocks Total Grains 4/ 2012/13 1,913.71 2,326.27 247.84 1,967.15 410.67 2013/14 (Est.) 2,033.21 2,435.36 273.94 2,070.96 453.00 filler filler filler filler filler 2014/15 (Proj.) Jun 2,012.79 2,458.24 263.72 2,086.00 448.18 2014/15 (Proj.) Jul 2,016.48 2,461.20 263.09 2,087.97 449.15 filler filler filler filler filler Wheat 2012/13 596.03 769.70 109.76 641.05 156.07 2013/14 (Est.) 656.24 807.73 132.14 671.65 168.24 filler filler filler filler filler 2014/15 (Proj.) Jun 648.77 814.32 126.91 666.51 172.99 2014/15 (Proj.) Jul 650.97 814.85 127.12 667.78 171.57 filler filler filler filler filler Coarse Grains 5/ 2012/13 852.36 986.46 102.18 861.33 145.86 2013/14 (Est.) 905.62 1,048.28 104.11 927.40 174.30 filler filler filler filler filler 2014/15 (Proj.) Jun 890.11 1,059.62 98.67 941.40 165.72 2014/15 (Proj.) Jul 893.30 1,064.35 97.84 942.05 170.31 filler filler filler filler filler Rice, milled 2012/13 465.32 570.11 35.89 464.77 108.74 2013/14 (Est.) 471.34 579.35 37.69 471.90 110.46 filler filler filler filler filler 2014/15 (Proj.) Jun 473.91 584.30 38.14 478.09 109.47 2014/15 (Proj.) Jul 472.21 582.00 38.14 478.15 107.27 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world mi nus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales OutputTotal Supply Trade 2 /Total Use 3 /Ending Stocks World 2012/13 122.95 196.42 46.69 106.77 90.03 2013/14 (Est.) 118.33 208.36 40.50 108.46 100.56 2014/15 (Proj.) Jun 115.92 214.92 35.56 112.29 102.71 2014/15 (Proj.) Jul 116.42 216.98 35.58 111.34 105.68 United States 2012/13 17.32 20.68 13.03 3.50 3.90 2013/14 (Est.) 12.91 16.82 10.50 3.60 2.70 2014/15 (Proj.) Jun 15.00 17.71 9.70 3.70 4.30 2014/15 (Proj.) Jul 16.50 19.21 10.20 3.80 5.20 Foreign 4/ 2012/13 105.64 175.74 33.66 103.27 86.13 2013/14 (Est.) 105.42 191.54 30.00 104.86 97.86 2014/15 (Proj.) Jun 100.92 197.21 25.86 108.59 98.41 2014/15 (Proj.) Jul 99.92 197.77 25.38 107.54 100.48 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. July 2014 WASDE - 531 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World OutputTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2012/13 474.64 540.07 118.28 396.58 67.29 2013/14 (Est.) 503.91 571.20 131.47 415.94 81.52 2014/15 (Proj.) Jun 516.01 596.65 131.54 424.26 96.03 2014/15 (Proj.) Jul 521.86 603.38 132.71 426.82 99.66 Oilmeals 2012/13 268.40 280.51 78.02 264.33 10.69 2013/14 (Est.) 281.15 291.84 83.00 275.18 12.30 2014/15 (Proj.) Jun 287.32 300.01 86.88 282.31 12.13 2014/15 (Proj.) Jul 289.46 301.77 86.97 284.73 11.39 Vegetable Oils 2012/13 160.56 177.98 68.39 156.80 17.30 2013/14 (Est.) 169.92 187.22 68.42 164.47 18.90 2014/15 (Proj.) Jun 174.90 193.06 70.80 171.43 18.32 2014/15 (Proj.) Jul 175.86 194.76 71.02 171.89 19.45 United States Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2012/13 93.14 100.20 36.94 50.24 5.76 2013/14 (Est.) 97.14 106.35 45.05 51.19 5.24 2014/15 (Proj.) Jun 108.10 114.19 45.27 51.10 10.45 2014/15 (Proj.) Jul 113.05 119.54 46.64 52.37 12.87 Oilmeals 2012/13 38.68 42.41 10.43 31.67 0.31 2013/14 (Est.) 39.66 43.70 10.86 32.50 0.34 2014/15 (Proj.) Jun 39.51 43.44 10.48 32.62 0.34 2014/15 (Proj.) Jul 40.45 44.38 10.97 33.07 0.34 Vegetable Oils 2012/13 10.23 15.56 1.39 13.01 1.16 2013/14 (Est.) 10.44 15.63 1.05 13.43 1.15 2014/15 (Proj.) Jun 10.29 15.79 1.14 13.43 1.22 2014/15 (Proj.) Jul 10.54 16.04 1.32 13.52 1.20 filler filler filler filler filler Foreign 3/ Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2012/13 381.49 439.87 81.34 346.35 61.53 2013/14 (Est.) 406.77 464.85 86.42 364.76 76.28 2014/15 (Proj.) Jun 407.92 482.45 86.28 373.16 85.59 2014/15 (Proj.) Jul 408.81 483.83 86.07 374.45 86.79 Oilmeals 2012/13 229.72 238.10 67.59 232.67 10.38 2013/14 (Est.) 241.49 248.14 72.13 242.69 11.96 2014/15 (Proj.) Jun 247.81 256.58 76.40 249.69 11.80 2014/15 (Proj.) Jul 249.01 257.39 76.00 251.66 11.05 Vegetable Oils 2012/13 150.34 162.42 67.00 143.79 16.15 2013/14 (Est.) 159.48 171.59 67.37 151.04 17.75 2014/15 (Proj.) Jun 164.61 177.27 69.66 158.01 17.10 2014/15 (Proj.) Jul 165.33 178.73 69.70 158.37 18.25 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. July 2014 WASDE - 531 - 11 U.S. Wheat Supply and Use 1/ 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Jun Jul Million Acres Area Planted 55.7 56.2 55.8 * 56.5 Area Harvested 48.9 45.2 45.9 * 46.2 Bushels Yield per Harvested Acre 46.3 47.2 42.3 * 43.1 Million Bushels Beginning Stocks 743 718 593 590 Production 2,266 2,130 1,942 1,992 Imports 123 168 160 160 Supply, Total 3,131 3,016 2,695 2,741 Food 945 950 960 960 Seed 73 77 76 76 Feed and Residual 388 217 160 145 Domestic, Total 1,406 1,244 1,196 1,181 Exports 1,007 1,182 925 900 Use, Total 2,414 2,426 2,121 2,081 Ending Stocks 718 590 574 660 CCC Inventory 00 Free Stocks 718 590 Outstanding Loans 85 Avg. Farm Price ($/bu) 2/ 7.77 6.87 6.35 - 7.65 6.00 - 7.20 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red WinterHard Red SpringSoft Red Winter White Durum Total Millio n Bushel s 2013/14 (Est.) Beginning Stocks 343 165 124 63 23 718 Production 744 490 565 268 62 2,130 Supply, Total 3/ 1,106 733 709 339 129 3,016 Domestic Use 422 317 311 117 77 1,244 Exports 449 247 285 171 30 1,182 Use, Total 871 564 595 289 107 2,426 Ending Stocks, Total 235 169 114 50 22 590 2014/15 (Proj.) Beginning Stocks 235 169 114 50 22 590 Production 703 520 458 251 60 1,992 Supply, Total 3/ 958 744 594 309 136 2,741 Domestic Use 443 293 256 106 83 1,181 Exports 330 260 140 150 20 900 Use, Total 773 553 396 256 103 2,081 Ending Stocks, Total Jul 185 191 198 53 33 660 Ending Stocks, Total Jun NA NA NA NA NA NA Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketi ng-year weighted average price received by farmers. 3/ Includes imports. * For June, plante d acres reported in the March 31, 2014, "Prospective Plantings." Winter wheat area harvested and yield reported in the June 11, 2014, "Crop Production." Area harvested and yield for other spring wheat and durum projected using 10-year harvested- to-planted ratios by state and 1985-2013 yield trends by state (except for Arizona, California, and Idaho durum). For July, ar ea planted, area harvested, yield, and production as reported i n the July 11, 2014, "Crop Production." July 2014 WASDE - 531 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Jun Jul Million Acres Area Planted 109.8 109.9 104.3 * 105.2 * Area Harvested 96.6 98.2 93.8 * 94.0 * Metric Tons Yield per Harvested Acre 2.96 3.76 3.93 3.91 Million Metric Tons Beginning Stocks 27.8 23.5 31.9 34.8 Production 285.8 369.2 368.4 367.7 Imports 6.5 3.0 3.0 3.0 Supply, Total 320.1 395.7 403.3 405.5 Feed and Residual 115.2 136.9 138.4 137.4 Food Seed & Industrial 160.7 170.6 170.6 171.0 Domestic, Total 275.9 307.5 309.0 308.4 Exports 20.7 53.4 47.5 48.0 Use, Total 296.6 360.9 356.5 356.4 Ending Stocks 23.5 34.8 46.8 49.1 CCC Inventory 0.0 0.0 Free Stocks 23.5 34.8 Outstanding Loans 0.8 1.3 CORN 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. June July Million Acres Area Planted 97.2 95.4 91.7 * 91.6 * Area Harvested 87.4 87.7 84.3 * 83.8 * Bushels Yield per Harvested Acre 123.4 158.8 165.3 * 165.3 * Million Bushels Beginning Stocks 989 821 1,146 1,246 Production 10,780 13,925 13,935 13,860 Imports 162 35 30 30 Supply, Total 11,932 14,781 15,111 15,136 Feed and Residual 4,326 5,175 5,250 5,200 Food, Seed & Industrial 2/ 6,053 6,460 6,435 6,435 Ethanol & by-products 3/ 4,648 5,075 5,050 5,050 Domestic, Total 10,379 11,635 11,685 11,635 Exports 731 1,900 1,700 1,700 Use, Total 11,111 13,535 13,385 13,335 Ending Stocks 821 1,246 1,726 1,801 CCC Inventory 00 Free Stocks 821 1,246 Outstanding Loans 32 50 Avg. Farm Price ($/bu) 4/ 6.89 4.35 - 4.55 3.85 - 4.55 3.65 - 4.35 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see F eed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data-products/feed-g rains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-produc ts including distillers' grains, corn gluten feed , corn gluten meal, and corn oil. 4/ Marketing-year weighted average price recei ved by farmers. * For June, planted acres reported in the March 31, 2014, "Prospective Plantings." For corn, harvested acres projecte d based on historical abandonment and use for silage. For July, corn planted and harvested ar ea as reported in the June 30, 2014, "Acreag e." Projected corn yield based on a weather adjusted trend model a nd assumes normal July growing c onditions. (See Westcott and Jew ison, Weather Effects on Expected Corn and Soybean Yields , USDA-ERS, Feed Outlook No. (FDS-13G-01), July 2013, www.ers.usda.gov/publications/fds -feed-outlook/fds-13g-01.aspx.) July 2014 WASDE - 531 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Jun Jul Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 6.2 8.1 6.7 * 7.5 * Area Harvested (mil. acres) 5.0 6.5 5.6 * 6.4 * Yield (bushels/acre) 49.8 59.6 64.3 * 64.1 * Beginning Stocks 23 15 19 40 Production 247 389 360 410 Imports 1 0000 Supply, Total 279 404 379 450 Feed and Residual 93 95 90 105 Food, Seed & Industrial 95 79 105 120 Total Domestic 188 174 195 225 Exports 76 190 160 180 Use, Total 264 364 355 405 Ending Stocks 15 40 24 45 Avg. Farm Price ($/bu) 2/ 6.33 4.15 - 4.35 3.60 - 4.30 3.40 - 4.10 Filler Filler Filler Filler Filler BARLEY 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. June July Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.6 3.5 3.2 * 3.1 * Area Harvested (mil. acres) 3.2 3.0 2.8 * 2.6 * Yield (bushels/acre) 67.9 71.7 70.0 * 71.2 * Beginning Stocks 60 80 85 82 Production 220 215 196 187 Imports 23 19 25 25 Supply, Total 304 314 306 294 Feed and Residual 59 63 60 50 Food, Seed & Industrial 155 155 154 154 Total Domestic 214 218 214 204 Exports 91 41 01 0 Use, Total 223 232 224 214 Ending Stocks 80 82 82 80 Avg. Farm Price ($/bu) 2/ 6.43 6.06 4.45 - 5.25 4.40 - 5.20 Filler Filler Filler Filler Filler OATS 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. June July Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.8 3.0 2.8 * 3.0 * Area Harvested (mil. acres) 1.0 1.0 1.1 * 1.2 * Yield (bushels/acre) 61.3 64.0 64.5 * 65.5 * Beginning Stocks 55 36 29 25 Production 64 66 71 76 Imports 93 97 100 100 Supply, Total 212 199 200 200 Feed and Residual 98 98 80 90 Food, Seed & Industrial 76 75 77 77 Total Domestic 174 173 157 167 Exports 1222 Use, Total 176 175 159 169 Ending Stocks 36 25 41 31 Avg. Farm Price ($/bu) 2/ 3.89 3.75 2.70 - 3.30 2.65 - 3.25 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; J une 1 for barley and oats. 2 / Marketing-year weighted average price received by farmers. * For June--Planted acres reported in the March 31, 2014, "P rospective Plantings." Harvest ed area - For sorghum, harvested acres are based on the 10-year Olympic average harves ted-to-planted ratio, 2004-2013. For barley and oats, harvested acres are based on the 5- year average harvested-to-planted ratios, 2009-2013. Yield - Fo r sorghum the projected yield is based on the average for 1990- 2013 excluding years that are more than 1 standard deviation from the mean for the peri od. For barley and oats, projected yields are based on the 1990-2 013 trends. For July-- Sorghum planted and harvested area as reported in the June 30, 2014, "Acreage." Sorghum yield based on the average for 1990-201 3 excluding years that are more than 1 standard deviation from the mean for the period. Barley and oats area planted, area harvested, yield, and prod uction as reported in the July 11, 2014, "Crop Production." July 2014 WASDE - 531 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Jun Jul Million Acres Area Planted 2.70 2.49 2.88 * 3.05 * Area Harvested 2.68 2.47 2.85 * 3.03 * Filler Pounds Yield per Harvested Acre 7,449 7,694 7,468 * 7,469 * Million Hundredweight Beginning Stocks 2/ 41.1 36.4 32.3 32.8 Production 199.5 189.9 213.0 226.0 Imports 21.1 23.0 22.0 21.0 Supply, Total 261.7 249.3 267.3 279.8 Domestic & Residual 3/ 118.2 123.0 128.0 133.0 Exports, Total 4/ 107.1 93.5 102.0 107.0 Rough 34.2 30.0 34.0 34.0 Milled (rough equiv.) 72.9 63.5 68.0 73.0 Use, Total 225.3 216.5 230.0 240.0 Ending Stocks 36.4 32.8 37.3 39.8 Avg. Milling Yield (%) 5/ 70.00 71.00 70.50 70.50 Avg. Farm Price ($/cwt) 6/ 15.10 16.10 14.40 - 15.40 13.50 - 14.50 Total LONG-GRAIN RICE 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. June July Harvested Acres (mil.) 1.98 1.77 Yield (pounds/acre) 7,285 7,464 Beginning Stocks 24.3 21.9 19.3 19.3 Production 144.2 131.9 161.0 169.0 Supply, Total 7/ 187.2 173.3 199.3 206.8 Domestic & Residual 3/ 89.2 91.0 101.0 103.0 Exports 8/ 76.1 63.0 72.0 75.0 Use, Total 165.3 154.0 173.0 178.0 Ending Stocks 21.9 19.3 26.3 28.8 Avg. Farm Price ($/cwt) 6/ 14.50 15.40 12.80 - 13.80 12.00 - 13.00 Filler Filler Filler Filler Filler MEDIUM & SHORT-GRAIN RICE 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. June July Harvested Acres (mil.) 0.70 0.70 Yield (pounds/acre) 7,912 8,272 Beginning Stocks 14.7 12.2 10.7 11.2 Production 55.4 58.0 52.0 57.0 Supply, Total 7/ 72.2 73.7 65.7 70.7 Domestic & Residual 3/ 29.0 32.0 27.0 30.0 Exports 8/ 31.0 30.5 30.0 32.0 Use, Total 60.0 62.5 57.0 62.0 Ending Stocks 12.2 11.2 8.7 8.7 Avg. Farm Price ($/cwt) 6/ 9/ 17.40 17.80 18.20 - 19.20 17.00 - 18.00 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2012/13-2.1; 2013/14-2.3; 2014/15-2.3. 3/ Residual includes unreported use, processing losses, an d estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. Data supplied by the USA Rice Federation for years prior to 2013/14. The 2013/14 milling yield is calculated using Farm Service Agency (FSA) warehouse stored loan data for long, medium, and short grain rice. The year-to-year change in the FSA average all rice milling yield is applied to the WASDE reported 2012/13 milling yield to calculate the 2013/14 forecasted average milling yield. The 2014/15 milling yield is calcula ted using the previous five-year Olympic average-- 2009/10-2013/14. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short-grain season-average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is markete d for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.68 per cwt from 2008/09 through 2011/12, with a high of $3.50 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. * For June-- Planted acres reported i n March 31, 2014 "Prospective Plantings". Harvested acres are estimated using the average harvested-to-planted ratios by rice class, 2009-2013. For July-- Planted and harvested area reported in June 30, 2014 "Acreage" report. For June and July: projected yield is based on linear trend analysis by rice class for the period 1990/91 to 2013/14. July 2014 WASDE - 531 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Jun Jul Filler Filler Filler Filler Filler Million Acres Area Planted 77.2 76.5 81.5 * 84.8 ** Area Harvested 76.2 75.9 80.5 * 84.1 ** Filler Bushels Yield per Harvested Acre 39.8 43.3 45.2 * 45.2 ** Million Bushels Beginning Stocks 169 141 125 140 Production 3,034 3,289 3,635 3,800 Imports 36 85 15 15 Supply, Total 3,239 3,514 3,775 3,955 Crushings 1,689 1,725 1,715 1,755 Exports 1,320 1,620 1,625 1,675 Seed 89 99 92 92 Residual 1 -69 18 19 Use, Total 3,099 3,374 3,450 3,541 Ending Stocks 141 140 325 415 Avg. Farm Price ($/bu) 2/ 14.40 13.00 9.75 - 11.75 9.50 - 11.50 Total SOYBEAN OIL 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. June July Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 2,540 1,705 1,625 1,635 Production 4/ 19,820 20,215 19,810 20,270 Imports 196 165 160 160 Supply, Total 22,556 22,085 21,595 22,065 Domestic Disappearance 18,686 18,750 18,100 18,200 Biodiesel 3/ 4,689 4,800 4,800 4,800 Food, Feed & other Industrial 13,997 13,950 13,300 13,400 Exports 2,164 1,700 1,700 2,100 Use, Total 20,851 20,450 19,800 20,300 Ending stocks 1,705 1,635 1,795 1,765 Avg. Price (c/lb) 2/ 47.13 39.00 37.00 - 41.00 36.00 - 40.00 Total SOYBEAN MEAL 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. June July Filler 1 2 3 4 Thousand Shor t Tons Beginning Stocks 300 275 300 300 Production 4/ 39,875 41,010 40,735 41,685 Imports 245 265 165 165 Supply, Total 40,420 41,550 41,200 42,150 Domestic Disappearance 29,031 29,600 29,700 30,100 Exports 11,114 11,650 11,200 11,750 Use, Total 40,145 41,250 40,900 41,850 Ending Stocks 275 300 300 300 Avg. Price ($/s.t.) 2/ 468.11 480.00 355.00 - 395.00 350.00 - 390.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple aver age of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflect s only biodiesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 1,735 million bushels. * Planted acres are re ported in the March 31, 2014 "Prospective P lantings" report. Harvested acres are based on the 5-year average ha rvested-to-planted ratio . The projected yield is based on a weather adjusted trend model and assumes normal summer weather. (See Westcott and Jewison, Weather Effects on Expected Corn and Soybean Yields, USDA-ERS, Feed Outlook No. (FDS-13G-01), July 2013, www.ers.usda.gov/publications/fds-f eed-outlook/fds-13g-01. aspx.) ** Planted and harvested acr es are from the June 30, 2014 "Ac reage" report. Projected yields are based on a weather adjusted trend m odel and assumes normal summer weather. July 2014 WASDE - 531 - 16 U.S. Sugar Supply and Use 1/ 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Jun Jul Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 1,979 2,158 1,857 1,808 Production 2/ 8,982 8,442 8,355 8,225 Beet Sugar 5,076 4,750 4,750 4,750 Cane Sugar 3,906 3,692 3,605 3,475 Florida 1,867 1,759 1,770 1,780 Hawaii 179 190 180 180 Louisiana 1,686 1,600 1,520 1,380 Texas 173 143 135 135 Imports 3,224 3,674 3,783 3,549 TRQ 3/ 957 1,458 1,262 1,262 Other Program 4/ 136 210 400 400 Other 5/ 2,131 2,006 2,121 1,887 Mexico 2,124 1,996 2,111 1,877 Total Supply 14,184 14,274 13,995 13,582 Exports 274 325 250 250 Deliveries 11,752 12,141 11,835 11,885 Food 6/ 11,487 11,700 11,700 11,750 Other 7/ 265 441 135 135 Miscellaneous 0000 Total Use 12,026 12,466 12,085 12,135 Ending Stocks 8/ 2,158 1,808 1,910 1,447 Stocks to Use Ratio 17.9 14.5 15.8 11.9 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2013/14 are based on Crop Production and processor projections where appropriate. 3/ For 2014/15, includes only U.S. commitments under current trade agreements, minus shortfall. Th e Secretary will establish the actual level of the TRQ at a lat er date. For 2013/14, WTO TRQ shortfall (111). For 2014/15, WTO TR Q shortfall (200). 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ For 2012/13, other high-tier (7) and other (0). For 2013/14, other high-tier (10) and other ( 0). For 2014/15, other high-tier (10) and other (0). 6/Combines SMD deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar-containing products for reexport, and for nonedible alcohol, feed, and ethanol. 8/ For 2012/13, in cludes 316,415 short tons, raw value, of stocks held by the Commodity Credit Corporation. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ ExportsEnding Stocks Sugar 1,000 Metric Tons, Actual Weight 2013/14 Est. Jun 1,460 6,100 226 4,690 2,278 818 2013/14 Est. Jul 1,460 6,025 226 4,690 2,358 663 2014/15 Proj. Jun 818 6,500 226 4,690 1,907 947 2014/15 Proj. Jul 663 6,140 450 4,690 1,616 947 1/ HFCS imports by Mexico (1,000 metric tons, dry ba sis): Oct-Sep 2012/13 = 1,105; Oct 2012-May 2013 = 738; Oct 2013-May 2014 =594 . Footnote source: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes domestic consumption, Mexico's products export pr ogram (IMMEX), and any residual statistical discrepancies. IMMEX: 2013/14 (384 est), 2014/15 (384 proj). July 2014 WASDE - 531 - 17 U.S. Cotton Supply and Use 1/ 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Jun Jul Filler Filler Filler Filler Filler Area Million Acres Planted 12.31 10.41 11.10 * 11.37 ** Harvested 9.37 7.54 8.75 * 9.70 ** Filler Pounds Yield per Harvested Acre 887 821 823 * 816 ** Million 480 Pound Bales Beginning Stocks 3.35 3.90 2.70 2.70 Production 17.32 12.91 15.00 16.50 Imports 0.01 0.02 0.01 0.01 Supply, Total 20.68 16.82 17.71 19.21 Domestic Use 3.50 3.60 3.70 3.80 Exports, Total 13.03 10.50 9.70 10.20 Use, Total 16.53 14.10 13.40 14.00 Unaccounted 2/ 0.25 0.02 0.01 0.01 Ending Stocks 3.90 2.70 4.30 5.20 Avg. Farm Price 3/ 72.5 77.5 60.0 - 80.0 60.0 - 76.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the differe nce between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. *For June, planted area as indicated in the March 31, 2014 Prospective Plantings. Abandonment rates and yield pe r harvested acre based on the averages of 2012 and 2013, weighted by region, with Southwest abandonment projected at 34 percent. **For July, plan ted area as indicated in the June 30, 2014 Acreage. Abandonment rates and yield pe r harvested acre based on the averages of 2012 and 2013, weighted by region, with projected abandonment in the Sout hwest reduced to a long-run average of 23 percent based on recent favorable precipitation. July 2014 WASDE - 531 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 197.22 657.70 144.22 136.66 679.31 137.18 175.61 United States 20.21 61.67 3.34 10.57 38.27 27.42 19.54 Total Foreign 177.01 596.03 140.88 126.09 641.05 109.76 156.07 Major Exporters 4/ 27.27 193.21 5.91 59.10 142.04 63.80 20.54 Argentina 0.73 9.30 0.00 0.30 6.20 3.55 0.29 Australia 7.05 22.86 0.14 3.40 6.74 18.66 4.65 Canada 5.93 27.21 0.48 4.40 9.60 18.97 5.05 European Union 5/ 13.55 133.85 5.28 51.00 119.50 22.62 10.55 Major Importers 6/ 87.64 187.29 79.47 35.19 264.58 6.47 83.34 Brazil 1.75 4.38 7.36 0.20 10.90 1.58 1.00 China 55.95 121.02 2.96 25.00 125.00 0.97 53.96 Sel. Mideast 7/ 5.14 17.18 20.86 2.75 34.33 0.69 8.16 N. Africa 8/ 14.09 17.32 22.06 2.38 41.42 0.61 11.44 Pakistan 4.02 23.30 0.05 0.60 23.90 0.85 2.62 Southeast Asia 9/ 4.65 0.00 15.76 2.84 15.51 0.77 4.14 Selected Other 0.00 India 19.95 94.88 0.02 3.40 83.82 6.82 24.20 FSU-12 26.97 77.35 7.23 20.86 71.50 25.38 14.67 Russia 10.90 37.72 1.17 11.90 33.55 11.29 4.95 Kazakhstan 6.18 9.84 0.01 2.00 6.80 6.29 2.94 Ukraine 5.36 15.76 0.05 3.10 11.40 7.19 2.58 2013/14 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 175.61 714.20 156.14 133.14 705.52 164.31 184.29 United States 19.54 57.96 4.58 5.92 33.86 32.16 16.05 Total Foreign 156.07 656.24 151.56 127.23 671.65 132.14 168.24 Major Exporters 4/ 20.54 218.34 4.40 58.70 141.20 74.50 27.58 Argentina 0.29 10.50 0.01 0.10 6.05 2.00 2.74 Australia 4.65 27.01 0.15 3.60 6.95 19.50 5.37 Canada 5.05 37.50 0.44 6.00 11.20 22.50 9.29 European Union 5/ 10.55 143.32 3.80 49.00 117.00 30.50 10.18 Major Importers 6/ 83.34 194.47 87.09 33.90 267.27 5.05 92.58 Brazil 1.00 5.30 7.00 0.60 11.40 0.10 1.80 China 53.96 121.93 7.00 23.00 123.50 1.00 58.39 Sel. Mideast 7/ 8.16 18.94 20.44 3.22 36.30 0.51 10.73 N. Africa 8/ 11.44 20.12 25.10 2.88 42.95 0.63 13.09 Pakistan 2.62 24.00 0.40 0.60 24.10 0.70 2.22 Southeast Asia 9/ 4.14 0.00 16.35 2.51 15.72 0.82 3.95 Selected Other 0.00 India 24.20 93.51 0.03 4.80 94.01 5.90 17.83 FSU-12 14.67 103.77 7.87 22.27 72.85 37.12 16.34 Russia 4.95 52.09 1.20 12.50 34.00 18.50 5.74 Kazakhstan 2.94 13.94 0.01 2.00 6.80 8.40 1.69 Ukraine 2.58 22.28 0.10 3.40 11.50 9.50 3.96 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to di fferences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada , and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and South east Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, a nd Oman. 8/ Algeria, Egypt, Li bya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2014 WASDE - 531 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Jun 186.05 701.62 150.19 129.34 699.06 152.08 188.61 Jul 184.29 705.17 149.91 129.39 699.92 151.61 189.54 United States Jun 16.14 52.85 4.35 4.35 32.55 25.17 15.62 Jul 16.05 54.21 4.35 3.95 32.14 24.49 17.97 Total Foreign Jun 169.90 648.77 145.84 124.99 666.51 126.91 172.99 Jul 168.24 650.97 145.56 125.44 667.78 127.12 171.57 Major Exporters 4/ Jun 28.15 212.75 6.12 61.30 144.50 74.00 28.52 Jul 27.58 214.38 5.64 62.50 145.70 74.50 27.39 Argentina Jun 2.74 12.50 0.01 0.10 6.15 6.50 2.60 Jul 2.74 12.50 0.01 0.10 6.15 6.50 2.60 Australia Jun 4.94 25.50 0.14 3.20 6.60 18.50 5.47 Jul 5.37 26.00 0.15 3.40 6.80 19.00 5.72 Canada Jun 9.79 28.50 0.48 4.50 9.75 21.00 8.02 Jul 9.29 28.00 0.48 4.50 9.75 21.00 7.02 European Union 5/ Jun 10.68 146.25 5.50 53.50 122.00 28.00 12.43 Jul 10.18 147.88 5.00 54.50 123.00 28.00 12.05 Major Importers 6/ Jun 93.18 195.63 78.80 30.85 265.79 5.33 96.49 Jul 92.58 195.93 78.68 30.55 265.89 5.33 95.97 Brazil Jun 2.00 6.00 6.50 0.60 11.60 0.50 2.40 Jul 1.80 6.30 6.50 0.60 11.60 0.50 2.50 China Jun 58.18 124.00 3.00 21.00 122.00 1.00 62.18 Jul 58.39 124.00 3.00 21.00 122.00 1.00 62.39 Sel. Mideast 7/ Jun 11.38 17.63 19.48 2.87 35.98 0.53 11.98 Jul 10.73 17.63 19.48 2.87 35.98 0.53 11.32 N. Africa 8/ Jun 13.09 18.85 23.50 2.58 42.98 0.48 11.99 Jul 13.09 18.85 23.30 2.38 42.78 0.48 11.99 Pakistan Jun 2.32 24.50 0.50 0.70 24.40 0.70 2.22 Jul 2.22 24.50 0.50 0.70 24.40 0.70 2.12 Southeast Asia 9/ Jun 3.90 0.00 16.13 2.31 15.74 0.83 3.47 Jul 3.95 0.00 16.40 2.21 16.04 0.83 3.49 Selected Other India Jun 17.83 95.85 0.02 4.50 93.90 3.50 16.30 Jul 17.83 95.85 0.02 4.50 93.90 3.50 16.30 FSU-12 Jun 16.76 102.20 7.83 22.00 72.79 35.60 18.40 Jul 16.34 102.22 7.83 21.60 72.39 35.06 18.94 Russia Jun 5.74 53.00 1.20 12.00 33.50 19.50 6.94 Jul 5.74 53.00 1.20 12.00 33.50 19.50 6.94 Kazakhstan Jun 2.09 14.50 0.01 2.50 7.30 7.00 2.29 Jul 1.69 13.50 0.01 2.00 6.80 6.00 2.39 Ukraine Jun 3.96 20.00 0.10 3.50 11.50 8.50 4.06 Jul 3.96 21.00 0.10 3.50 11.50 9.00 4.56 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to di fferences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada , and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and South east Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, a nd Oman. 8/ Algeria, Egypt, Li bya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2014 WASDE - 531 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 168.63 1,138.37 128.82 670. 20 1,137.60 122.91 169.39 United States 27.82 286.01 6.70 115.37 276.27 20.73 23.53 Total Foreign 140.81 852.36 122.11 554.83 861.33 102.18 145.86 Major Exporters 4/ 19.38 170.21 1.97 76.93 105.21 62.12 24.23 Argentina 1.34 37.25 0.00 7.79 12.05 24.05 2.48 Australia 0.94 11.41 0.00 3.91 5.49 6.02 0.85 Brazil 9.82 84.25 1.27 47.05 55.80 24.98 14.56 Canada 3.40 24.43 0.51 12.97 20.26 4.99 3.08 Major Importers 5/ 38.80 227.51 92.10 238.01 317.09 8.10 33.22 European Union 6/ 15.58 146.07 11.84 113.88 153.30 7.36 12.84 Japan 1.09 0.18 17.74 13.22 18.03 0.00 0.98 Mexico 1.86 28.88 7.60 19.33 36.20 0.52 1.62 N. Afr & Mideast 7/ 12.56 26.48 23.53 45.50 52.68 0.13 9.76 Saudi Arabia 3.13 0.35 10.74 10.30 10.73 0.00 3.49 Southeast Asia 8/ 2.64 25.27 7.98 25.06 32.97 0.09 2.83 South Korea 1.54 0.21 8.27 6.53 8.71 0.00 1.31 Selected Other 0.00 China 60.37 212.19 5.60 146.05 209.67 0.11 68.39 FSU-12 6.24 69.14 0.73 36.19 51.07 19.87 5.17 Russia 1.81 28.66 0.34 16.40 25.13 4.30 1.38 Ukraine 2.42 29.53 0.05 10.93 14.66 15.00 2.33 2013/14 Est. Beginnin g Stock s Productio n Im portsDomesti c FeedDomesti c Total 2 / Export s Endin g Stock s World 3/ 169.39 1,275.05 148.71 736. 57 1,235.31 157.54 209.13 United States 23.53 369.43 3.21 137.11 307.91 53.43 34.83 Total Foreign 145.86 905.62 145.50 599.47 927.40 104.11 174.30 Major Exporters 4/ 24.23 170.74 1.77 81.30 111.54 52.85 32.35 Argentina 2.48 33.47 0.01 8.44 13.00 17.91 5.06 Australia 0.85 12.37 0.00 4.24 5.91 6.58 0.73 Brazil 14.56 81.11 1.21 48.58 58.38 20.52 17.98 Canada 3.08 28.74 0.45 14.74 22.14 4.83 5.30 Major Importers 5/ 33.22 246.28 107.79 255.49 337.40 10.57 39.32 European Union 6/ 12.84 158.34 14.81 122.38 163.80 8.45 13.74 Japan 0.98 0.18 18.50 13.89 18.70 0.00 0.96 Mexico 1.62 29.84 11.91 22.63 39.90 0.50 2.98 N. Afr & Mideast 7/ 9.76 30.39 26.79 47.45 54.76 0.33 11.86 Saudi Arabia 3.49 0.36 11.83 10.75 11.18 0.00 4.50 Southeast Asia 8/ 2.83 26.85 9.52 26.37 34.47 1.29 3.44 South Korea 1.31 0.21 10.09 7.85 10.12 0.00 1.49 Selected Other 0.00 China 68.39 225.07 10.80 159.55 225.38 0.13 78.75 FSU-12 5.17 88.68 0.88 41.31 57.42 30.36 6.95 Russia 1.38 35.74 0.38 19.10 28.82 6.79 1.89 Ukraine 2.33 39.92 0.08 12.43 16.31 22.70 3.32 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjust ed to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in som e countries. 4/ Argentina, Australia, Canada, Brazil, a nd South Africa. 5/ The European Union, Me xico, Japan, selected North Africa and Midd le East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes in tra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, M orocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2014 WASDE - 531 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Jun 204.58 1,258.70 144.29 750. 84 1,250.71 146.17 212.57 Jul 209.13 1,261.17 144.79 751. 36 1,250.87 145.84 219.43 United States Jun 31.89 368.59 3.18 138.47 309.31 47.50 46.85 Jul 34.83 367.86 3.26 137.61 308.83 48.01 49.12 Total Foreign Jun 172.70 890.11 141.11 612.37 941.40 98.67 165.72 Jul 174.30 893.30 141.53 613.75 942.05 97.84 170.31 Major Exporters 4/ Jun 30.62 161.19 1.86 81.83 112.21 53.27 28.19 Jul 32.35 159.84 1.88 81.88 112.36 51.97 29.75 Argentina Jun 4.96 35.17 0.01 8.87 13.63 20.51 6.00 Jul 5.06 35.17 0.01 8.87 13.73 20.31 6.20 Australia Jun 0.81 11.81 0.00 4.06 5.74 5.93 0.95 Jul 0.73 11.76 0.00 4.26 5.94 5.73 0.83 Brazil Jun 15.99 77.11 1.21 50.08 59.90 20.01 14.39 Jul 17.98 77.11 1.21 50.08 59.90 20.01 16.39 Canada Jun 5.59 23.07 0.54 13.42 20.92 4.60 3.67 Jul 5.30 21.77 0.56 13.27 20.77 3.70 3.15 Major Importers 5/ Jun 39.45 237.60 104.48 255.34 338.15 9.10 34.28 Jul 39.32 238.57 104.58 256.04 338.85 9.15 34.46 European Union 6/ Jun 13.96 153.08 13.31 118.25 160.07 8.06 12.22 Jul 13.74 154.05 13.31 118.55 160.37 8.11 12.61 Japan Jun 0.96 0.18 18.90 14.29 19.10 0.00 0.94 Jul 0.96 0.18 18.90 14.29 19.10 0.00 0.94 Mexico Jun 2.98 30.14 11.40 23.42 40.94 0.50 3.08 Jul 2.98 30.14 11.40 23.42 40.94 0.50 3.08 N. Afr & Mideast 7/ Jun 11.81 25.98 27.71 48.76 56.17 0.11 9.22 Jul 11.86 25.98 27.81 48.86 56.27 0.11 9.27 Saudi Arabia Jun 4.50 0.36 10.01 11.13 11.60 0.00 3.26 Jul 4.50 0.36 10.01 11.13 11.60 0.00 3.26 Southeast Asia 8/ Jun 3.60 27.51 9.22 27.77 35.97 0.44 3.92 Jul 3.44 27.51 9.22 27.77 35.97 0.44 3.76 South Korea Jun 1.29 0.21 9.59 7.55 9.82 0.00 1.27 Jul 1.49 0.21 9.59 7.85 10.12 0.00 1.17 Selected Other China Jun 78.49 226.58 9.80 167.15 235.30 0.13 79.45 Jul 78.75 228.58 10.00 167.35 235.50 0.13 81.71 FSU-12 Jun 7.24 85.38 0.88 44.23 60.33 26.15 7.02 Jul 6.95 86.63 0.88 44.38 60.48 26.35 7.63 Russia Jun 2.09 38.00 0.28 21.20 31.20 7.11 2.05 Jul 1.89 38.50 0.28 21.20 31.20 7.11 2.35 Ukraine Jun 3.34 35.30 0.06 13.46 17.09 18.16 3.45 Jul 3.32 36.10 0.06 13.66 17.29 18.36 3.83 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjust ed to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Uni on, Mexico, Japan, selected No rth Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Al geria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tuni sia, and Turkey. 8/ Indonesia, Malaysia, Philippi nes, Thailand, and Vietnam. July 2014 WASDE - 531 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 /ExportsEnding Stocks World 3/ 134.61 868.81 99.48 518.75 865.22 95.19 138.20 United States 25.12 273.83 4.13 109.88 263.64 18.58 20.86 Total Foreign 109.49 594.98 95.36 408.87 601.58 76.61 117.34 Major Exporters 4/ 13.79 120.87 0.97 54.90 71.40 45.69 18.53 Argentina 0.90 27.00 0.00 5.30 7.90 18.69 1.32 Brazil 9.21 81.50 0.89 44.50 52.50 24.95 14.15 South Africa 3.68 12.37 0.08 5.10 11.00 2.05 3.07 Major Importers 5/ 15.34 111.62 56.86 119.28 168.51 2.82 12.50 Egypt 2.22 5.80 5.06 9.70 11.70 0.01 1.37 European Union 6/ 6.67 58.87 11.35 53.00 69.60 2.19 5.09 Japan 0.61 0.00 14.41 10.00 14.50 0.00 0.52 Mexico 1.32 21.59 5.68 11.00 27.00 0.52 1.06 Southeast Asia 7/ 2.64 25.22 7.96 25.00 32.90 0.09 2.82 South Korea 1.48 0.08 8.17 6.48 8.48 0.00 1.26 Selected Other 0.00 Canada 1.37 13.06 0.48 6.28 11.61 1.75 1.55 China 59.34 205.61 2.70 144.00 200.00 0.08 67.57 FSU-12 2.45 32.36 0.34 15.52 18.09 15.00 2.05 Ukraine 1.05 20.92 0.04 6.80 8.10 12.73 1.19 2013/14 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ ExportsEnding Stocks World 3/ 138.20 984.45 117.39 573.49 949.23 124.97 173.42 United States 20.86 353.72 0.89 131.45 295.54 48.26 31.66 Total Foreign 117.34 630.73 116.51 442.04 653.68 76.71 141.76 Major Exporters 4/ 18.53 116.50 0.84 56.70 74.80 37.00 24.07 Argentina 1.32 24.00 0.01 5.50 8.30 13.50 3.53 Brazil 14.15 78.00 0.80 46.00 55.00 20.50 17.45 South Africa 3.07 14.50 0.03 5.20 11.50 3.00 3.09 Major Importers 5/ 12.50 119.25 72.20 131.70 183.63 4.00 16.33 Egypt 1.37 5.80 7.00 10.00 12.00 0.01 2.16 European Union 6/ 5.09 64.57 14.50 57.50 76.00 2.20 5.96 Japan 0.52 0.00 15.50 11.00 15.50 0.00 0.52 Mexico 1.06 21.90 11.50 15.00 31.50 0.50 2.46 Southeast Asia 7/ 2.82 26.80 9.50 26.30 34.40 1.29 3.43 South Korea 1.26 0.08 10.00 7.80 9.90 0.00 1.44 Selected Other 0.00 Canada 1.55 14.20 0.40 6.80 12.20 1.50 2.45 China 67.57 218.49 3.50 154.00 212.00 0.10 77.46 FSU-12 2.05 46.98 0.39 18.82 21.59 24.45 3.38 Ukraine 1.19 30.90 0.05 8.50 9.90 20.00 2.24 1/ Aggregate of local marketing years. 2/ Total forei gn and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Mala ysia, Philippines, Thailand, and Vietnam. July 2014 WASDE - 531 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Jun 169.05 981.12 114.77 594.64 967.52 115.52 182.65 Jul 173.42 980.96 114.87 593.85 966.33 115.22 188.05 United States Jun 29.12 353.97 0.76 133.36 296.81 43.18 43.85 Jul 31.66 352.06 0.76 132.09 295.54 43.18 45.76 Total Foreign Jun 139.93 627.16 114.01 461.29 670.71 72.34 138.80 Jul 141.76 628.90 114.11 461.76 670.79 72.04 142.30 Major Exporters 4/ Jun 22.07 113.50 0.84 58.80 76.90 38.20 21.30 Jul 24.07 113.50 0.84 58.80 76.90 38.20 23.30 Argentina Jun 3.53 26.00 0.01 6.00 9.00 16.00 4.54 Jul 3.53 26.00 0.01 6.00 9.00 16.00 4.54 Brazil Jun 15.45 74.00 0.80 47.50 56.50 20.00 13.75 Jul 17.45 74.00 0.80 47.50 56.50 20.00 15.75 South Africa Jun 3.09 13.50 0.03 5.30 11.40 2.20 3.02 Jul 3.09 13.50 0.03 5.30 11.40 2.20 3.02 Major Importers 5/ Jun 16.49 121.17 69.30 134.50 187.28 2.95 16.74 Jul 16.33 121.57 69.30 134.80 187.58 2.95 16.68 filler filler filler filler filler filler filler Egypt Jun 2.16 5.75 6.50 10.20 12.20 0.01 2.20 Jul 2.16 5.75 6.50 10.20 12.20 0.01 2.20 European Union 6/ Jun 6.16 65.25 13.00 57.50 76.50 2.00 5.91 Jul 5.96 65.64 13.00 57.50 76.50 2.00 6.11 Japan Jun 0.52 0.00 16.00 11.50 16.00 0.00 0.53 Jul 0.52 0.00 16.00 11.50 16.00 0.00 0.53 Mexico Jun 2.46 22.50 10.90 16.00 32.75 0.50 2.61 Jul 2.46 22.50 10.90 16.00 32.75 0.50 2.61 Southeast Asia 7/ Jun 3.59 27.46 9.20 27.70 35.90 0.44 3.92 Jul 3.43 27.46 9.20 27.70 35.90 0.44 3.76 South Korea Jun 1.24 0.08 9.50 7.50 9.60 0.00 1.22 Jul 1.44 0.08 9.50 7.80 9.90 0.00 1.12 Selected Other Canada Jun 2.75 12.50 0.50 6.70 12.20 1.50 2.05 Jul 2.45 11.60 0.50 6.70 12.20 1.00 1.35 China Jun 77.20 220.00 3.00 162.00 222.00 0.10 78.10 Jul 77.46 222.00 3.00 162.00 222.00 0.10 80.36 FSU-12 Jun 3.38 44.21 0.42 21.19 24.06 19.94 4.01 Jul 3.38 44.16 0.42 21.14 24.01 19.94 4.01 Ukraine Jun 2.24 27.00 0.05 9.50 10.90 16.00 2.39 Jul 2.24 27.00 0.05 9.50 10.90 16.00 2.39 1/ Aggregate of local marketing years. 2/ Total foreign a nd world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not ba lance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Ar gentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast As ia. 6/ Trade excludes intra-tr ade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2014 WASDE - 531 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ 106.76 471.66 36.38 468.52 39.29 109.90 United States 1.30 6.34 0.67 3.75 3.40 1.16 Total Foreign 105.46 465.32 35.71 464.77 35.89 108.74 Major Exporters 4/ 36.81 158.78 0.75 128.85 27.87 39.61 India 25.10 105.24 0.00 94.03 10.87 25.44 Pakistan 0.55 5.80 0.05 2.32 3.58 0.50 Thailand 9.33 20.20 0.60 10.60 6.72 12.81 Vietnam 1.83 27.54 0.10 21.90 6.70 0.86 Major Importers 5/ 12.90 62.59 13.13 75.45 1.07 12.11 Brazil 0.54 8.04 0.64 7.85 0.84 0.53 European Union 6/ 1.12 2.09 1.40 3.25 0.20 1.15 Indonesia 7.40 36.55 0.65 38.13 0.00 6.48 Nigeria 1.02 2.37 2.80 5.30 0.00 0.89 Philippines 1.51 11.43 1.40 12.85 0.00 1.49 Sel. Mideast 7/ 0.97 1.65 4.84 6.05 0.00 1.40 Selected Other 0.00 Burma 0.40 11.72 0.00 10.40 1.16 0.55 C. Amer & Carib 8/ 0.43 1.67 1.42 3.14 0.01 0.37 China 45.02 143.00 3.14 144.00 0.34 46.83 Egypt 0.49 4.68 0.02 4.05 0.70 0.43 Japan 2.75 7.76 0.69 8.25 0.20 2.74 Mexico 0.15 0.13 0.74 0.84 0.00 0.19 South Korea 0.73 4.01 0.51 4.50 0.00 0.74 2013/14 Est. Beginning Stocks Production ImportsTotal /2 Domestic ExportsEnding Stocks World 3/ 109.90 477.46 38.35 475.84 40.70 111.52 United States 1.16 6.12 0.73 3.93 3.01 1.06 Total Foreign 108.74 471.34 37.62 471.91 37.69 110.46 Major Exporters 4/ 39.61 161.39 0.63 131.43 29.40 40.80 India 25.44 106.29 0.00 96.50 10.00 25.23 Pakistan 0.50 6.60 0.03 2.63 3.90 0.60 Thailand 12.81 20.50 0.30 10.80 9.00 13.81 Vietnam 0.86 28.00 0.30 21.50 6.50 1.16 Major Importers 5/ 12.11 64.73 13.90 76.92 1.18 12.63 Brazil 0.53 8.50 0.70 7.95 0.95 0.83 European Union 6/ 1.15 1.94 1.35 3.20 0.20 1.04 Indonesia 6.48 37.36 1.50 38.65 0.00 6.68 Nigeria 0.89 2.77 3.00 6.00 0.00 0.66 Philippines 1.49 11.81 1.45 12.85 0.00 1.90 Sel. Mideast 7/ 1.40 1.83 4.33 6.20 0.00 1.36 Selected Other 0.00 Burma 0.55 11.96 0.00 10.50 1.30 0.71 C. Amer & Carib 8/ 0.37 1.75 1.56 3.29 0.01 0.37 China 46.83 142.30 3.50 146.00 0.35 46.28 Egypt 0.43 4.88 0.03 4.00 0.80 0.53 Japan 2.74 7.83 0.70 8.25 0.20 2.82 Mexico 0.19 0.13 0.75 0.86 0.00 0.21 South Korea 0.74 4.23 0.41 4.61 0.00 0.78 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World impor ts and exports may not balance due to differen ces in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippi nes, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ C entral American and Caribbean countries. July 2014 WASDE - 531 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ Jun 112.13 480.72 38.32 482.18 41.40 110.67 Jul 111.52 479.43 38.30 482.40 41.56 108.55 United States Jun 1.04 6.81 0.70 4.10 3.26 1.19 filler filler filler filler filler filler Jul 1.06 7.23 0.67 4.26 3.42 1.27 Total Foreign Jun 111.09 473.91 37.62 478.09 38.14 109.47 filler filler filler filler filler filler Jul 110.46 472.21 37.63 478.15 38.14 107.27 Major Exporters 4/ Jun 40.48 161.00 0.60 133.10 29.60 39.38 Jul 40.80 159.40 0.73 133.10 29.60 38.23 India Jun 25.23 106.00 0.00 98.00 9.00 24.23 Jul 25.23 104.00 0.00 98.00 9.00 22.23 filler filler filler filler filler filler Pakistan Jun 0.60 6.70 0.00 2.70 3.90 0.70 Jul 0.60 6.70 0.03 2.70 3.90 0.73 Thailand Jun 13.81 20.50 0.30 10.90 10.00 13.71 Jul 13.81 20.50 0.30 10.90 10.00 13.71 Vietnam Jun 0.85 27.80 0.30 21.50 6.70 0.75 Jul 1.16 28.20 0.40 21.50 6.70 1.56 Major Importers 5/ Jun 13.19 65.29 14.50 78.33 1.12 13.53 Jul 12.63 65.29 14.30 78.15 1.12 12.95 Brazil Jun 0.78 8.50 0.70 8.15 0.90 0.93 filler filler filler filler filler filler Jul 0.83 8.50 0.70 7.95 0.90 1.18 European Union 6/ Jun 1.04 1.96 1.40 3.20 0.19 1.01 Jul 1.04 1.96 1.40 3.20 0.19 1.01 Indonesia Jun 6.68 37.70 1.00 39.20 0.00 6.18 Jul 6.68 37.70 1.00 39.20 0.00 6.18 Nigeria Jun 0.66 2.55 3.50 6.10 0.00 0.61 Jul 0.66 2.55 3.50 6.10 0.00 0.61 Philippines Jun 2.53 12.20 1.80 13.20 0.00 3.33 Jul 1.90 12.20 1.60 13.20 0.00 2.50 Sel. Mideast 7/ Jun 1.33 1.85 4.48 6.35 0.00 1.31 Jul 1.36 1.85 4.48 6.38 0.00 1.31 Selected Other Burma Jun 0.71 12.15 0.00 11.00 1.30 0.56 Jul 0.71 12.15 0.00 11.00 1.30 0.56 C. Amer & Carib 8/ Jun 0.37 1.77 1.55 3.30 0.01 0.37 Jul 0.37 1.77 1.55 3.30 0.01 0.37 China Jun 46.83 144.00 3.70 148.00 0.35 46.18 Jul 46.28 144.00 3.70 148.00 0.35 45.63 Egypt Jun 0.53 4.90 0.06 4.10 0.88 0.52 Jul 0.53 4.90 0.06 4.10 0.88 0.52 Japan Jun 2.82 7.70 0.70 8.20 0.20 2.82 Jul 2.82 7.70 0.70 8.20 0.20 2.82 Mexico Jun 0.21 0.13 0.78 0.89 0.00 0.23 Jul 0.21 0.13 0.78 0.89 0.00 0.23 South Korea Jun 0.78 4.15 0.41 4.59 0.00 0.75 Jul 0.78 4.15 0.41 4.59 0.00 0.75 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-28. 6/ Tr ade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. July 2014 WASDE - 531 - 26 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2012/13 Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World 73.47 122.95 46.20 106.77 46.69 -0.88 90.03 United States 3.35 17.32 0.01 3.50 13.03 0.25 3.90 Total Foreign 70.12 105.64 46.19 103.27 33.66 -1.13 86.13 Major Exporters 4/ 29.11 53.40 1.60 30.63 29.07 -1.32 25.72 Central Asia 5/ 3.09 7.27 3 / 2.33 5.29 0.00 2.75 Afr. Fr. Zone 6/ 1.14 4.21 3 / 0.16 4.11 0.00 1.08 S. Hemis 7/ 13.55 12.21 0.17 5.17 11.50 -0.33 9.59 Australia 3.81 4.60 3 / 0.04 6.17 -0.20 2.39 Brazil 7.99 6.00 0.07 4.10 4.31 -0.15 5.80 India 10.87 28.50 1.20 21.85 7.75 -1.00 11.97 Major Importers 8/ 39.14 49.63 41.83 68.99 2.71 0.19 58.72 Mexico 0.71 1.04 0.95 1.80 0.23 0.03 0.65 China 31.08 35.00 20.33 36.00 0.05 0.00 50.36 European Union 9/ 0.69 1.49 0.93 0.92 1.58 0.05 0.56 Turkey 1.24 2.65 3.69 6.05 0.22 0.00 1.32 Pakistan 2.84 9.30 2.20 11.00 0.45 0.03 2.86 Indonesia 0.48 0.03 2.60 2.55 0.01 0.05 0.50 Thailand 0.26 3 / 1.51 1.48 0.01 0.03 0.27 Bangladesh 0.87 0.11 3.90 3.90 0.00 0.01 0.97 Vietnam 0.32 0.02 2.41 2.25 0.00 0.00 0.49 2013/14 Est. Beginning Stocks Production ImportsDomestic Use ExportsLoss /2 Ending Stocks World 90.03 118.33 40.55 108.46 40.50 -0.61 100.56 United States 3.90 12.91 0.02 3.60 10.50 0.02 2.70 Total Foreign 86.13 105.42 40.53 104.86 30.00 -0.64 97.86 Major Exporters 4/ 25.72 56.23 1.44 32.61 25.35 -0.83 26.26 Central Asia 5/ 2.75 6.65 3 / 2.41 4.38 0.00 2.61 Afr. Fr. Zone 6/ 1.08 4.21 3 / 0.16 3.99 0.00 1.15 S. Hemis 7/ 9.59 13.84 0.29 5.30 7.56 -0.34 11.20 Australia 2.39 4.10 3 / 0.04 4.50 -0.20 2.15 Brazil 5.80 7.80 0.19 4.20 2.30 -0.15 7.44 India 11.97 30.50 0.75 23.75 9.00 -0.50 10.97 Major Importers 8/ 58.72 46.48 36.07 68.51 2.73 0.19 69.85 Mexico 0.65 0.92 1.00 1.85 0.18 0.03 0.52 China 50.36 32.00 13.50 34.50 0.05 0.00 61.31 European Union 9/ 0.56 1.60 0.90 0.92 1.53 0.05 0.55 Turkey 1.32 2.30 4.50 6.30 0.20 0.00 1.62 Pakistan 2.86 9.50 1.50 10.70 0.55 0.03 2.59 Indonesia 0.50 0.03 2.65 2.65 0.01 0.05 0.47 Thailand 0.27 3 / 1.58 1.53 0.01 0.03 0.29 Bangladesh 0.97 0.12 4.10 4.15 0.00 0.01 1.02 Vietnam 0.49 0.02 3.25 3.00 0.00 0.00 0.76 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marke ting channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks base d on supply less total use and indicated endi ng stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kaza khstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Re public, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Austra lia, Brazil, Paraguay, South Africa, Tanzan ia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes H ong Kong, Japan, Russia, South Korea, a nd Taiwan. 9/ Includes intra-EU trade. July 2014 WASDE - 531 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2014/15 Proj. Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World Jun 99.00 115.92 35.57 112.29 35.56 -0.08 102.71 Jul 100.56 116.42 35.54 111.34 35.58 -0.08 105.68 United States Jun 2.70 15.00 0.01 3.70 9.70 0.01 4.30 Jul 2.70 16.50 0.01 3.80 10.20 0.01 5.20 Total Foreign Jun 96.30 100.92 35.56 108.59 25.86 -0.09 98.41 Jul 97.86 99.92 35.53 107.54 25.38 -0.09 100.48 filler filler filler filler filler filler filler Major Exporters 4/ Jun 25.60 53.35 1.60 32.92 21.32 -0.28 26.58 Jul 26.26 52.31 1.61 32.75 20.99 -0.28 26.71 Central Asia 5/ Jun 2.61 6.64 3 / 2.40 4.07 0.00 2.78 Jul 2.61 6.64 3 / 2.40 3.87 0.00 2.98 Afr. Fr. Zone 6/ Jun 1.14 4.13 3 / 0.13 3.94 0.00 1.21 Jul 1.15 4.13 3 / 0.15 3.69 0.00 1.44 S. Hemis 7/ Jun 10.52 13.42 0.15 5.30 7.31 -0.29 11.76 Jul 11.20 12.72 0.16 5.10 7.61 -0.29 11.65 Australia Jun 1.85 3.10 3 / 0.04 3.10 -0.15 1.97 Jul 2.15 2.70 3 / 0.04 3.30 -0.15 1.67 Brazil Jun 7.13 8.30 0.05 4.20 3.30 -0.15 8.13 Jul 7.44 8.00 0.08 4.00 3.40 -0.15 8.27 India Jun 10.97 28.50 1.00 24.25 5.70 0.00 10.52 Jul 10.97 28.00 1.10 24.25 5.50 0.00 10.32 filler filler filler filler filler filler filler Major Importers 8/ Jun 68.95 44.80 31.04 71.92 2.64 0.19 70.05 Jul 69.85 44.85 30.90 71.04 2.53 0.19 71.84 Mexico Jun 0.57 1.05 1.05 1.80 0.20 0.03 0.65 Jul 0.52 1.10 1.05 1.80 0.18 0.03 0.67 China Jun 60.31 29.50 8.00 37.00 0.05 0.00 60.76 Jul 61.31 29.50 8.00 36.50 0.05 0.00 62.26 European Union 9/ Jun 0.55 1.69 0.87 0.95 1.51 0.05 0.59 Jul 0.55 1.69 0.88 0.95 1.43 0.05 0.68 Turkey Jun 1.62 2.90 3.80 6.40 0.20 0.00 1.72 Jul 1.62 2.90 3.90 6.40 0.20 0.00 1.82 Pakistan Jun 2.74 9.50 2.50 11.30 0.45 0.03 2.96 Jul 2.59 9.50 2.20 11.00 0.45 0.03 2.81 Indonesia Jun 0.47 0.03 2.80 2.70 0.01 0.05 0.54 Jul 0.47 0.03 2.80 2.70 0.01 0.05 0.54 Thailand Jun 0.29 3 / 1.68 1.65 0.01 0.03 0.29 Jul 0.29 3 / 1.63 1.58 0.01 0.03 0.31 Bangladesh Jun 1.02 0.12 4.30 4.30 0.00 0.01 1.13 Jul 1.02 0.12 4.35 4.30 0.00 0.01 1.18 Vietnam Jun 0.66 0.02 2.90 2.90 0.00 0.00 0.67 Jul 0.76 0.02 2.90 2.90 0.00 0.00 0.77 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing ch annel; for Australia, Brazil, China, and the United States, refl ects the difference between implicit stocks based on supply less total use a nd indicated ending stocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenist an, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions liste d, includes Hong Kong, Japan, Russia, South Kor ea, and Taiwan. 9/ Includes intra-EU trade. July 2014 WASDE - 531 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Domestic CrushDomestic TotalExports Ending Stocks World 2/ 53.54 267.98 95.71 229.56 259.74 100.65 56.84 United States 4.61 82.56 0.98 45.97 48.42 35.91 3.83 Total Foreign 48.93 185.42 94.72 183.60 211.33 64.74 53.01 Major Exporters 3/ 29.80 143.25 0.41 71.90 76.94 58.69 37.83 Argentina 16.39 49.30 0.00 33.61 35.55 7.74 22.40 Brazil 13.02 82.00 0.40 35.24 38.19 41.90 15.33 Paraguay 0.36 8.30 0.01 2.95 3.08 5.52 0.07 Major Importers 4/ 17.00 15.33 84.16 86.14 102.88 0.38 13.23 China 15.91 13.05 59.87 64.95 76.18 0.27 12.38 European Union 0.54 0.95 12.51 12.74 13.65 0.09 0.25 Japan 0.13 0.24 2.83 1.92 3.01 0.00 0.18 Mexico 0.13 0.25 3.41 3.65 3.69 0.00 0.10 2013/14 Est. Beginnin g Stock s Productio n Import sDomesti c CrushDomesti c Total Export sEndin g Stock s World 2/ 56.84 283.87 108.21 240.55 270.05 111.64 67.24 United States 3.83 89.51 2.31 46.95 47.74 44.09 3.82 Total Foreign 53.01 194.37 105.90 193.61 222.31 67.55 63.42 Major Exporters 3/ 37.83 153.10 0.58 77.95 83.13 61.90 46.48 Argentina 22.40 54.00 0.00 37.30 39.35 8.50 28.55 Brazil 15.33 87.50 0.55 37.00 39.98 45.75 17.66 Paraguay 0.07 8.10 0.03 3.50 3.64 4.30 0.26 Major Importers 4/ 13.23 14.75 94.10 90.20 107.22 0.32 14.55 China 12.38 12.20 69.00 68.75 80.05 0.24 13.29 European Union 0.25 1.23 12.65 12.50 13.43 0.06 0.64 Japan 0.18 0.20 2.87 1.99 3.08 0.00 0.18 Mexico 0.10 0.25 3.65 3.85 3.89 0.00 0.12 2014/15 Proj. Beginnin g Stock s Productio n Import s Domesti c CrushDomesti c Total Export s Endin g Stock s World 2/ Jun 67.17 299.99 108.68 248.45 280.63 112.33 82.88 Jul 67.24 304.79 109.87 250.91 283.31 113.29 85.31 United States Jun 3.40 98.93 0.41 46.68 49.67 44.23 8.84 Jul 3.82 103.42 0.41 47.76 50.78 45.59 11.28 Total Foreign Jun 63.77 201.07 108.27 201.77 230.97 68.10 74.04 Jul 63.42 201.37 109.46 203.15 232.53 67.70 74.02 Major Exporters 3/ Jun 46.74 156.60 0.52 80.80 86.05 61.50 56.31 Jul 46.48 156.60 0.53 80.80 86.06 61.00 56.55 Argentina Jun 28.55 54.00 0.00 39.80 41.90 9.00 31.66 Jul 28.55 54.00 0.00 39.80 41.90 8.50 32.16 Brazil Jun 17.91 91.00 0.50 37.10 40.10 45.00 24.31 Jul 17.66 91.00 0.50 37.10 40.10 45.00 24.06 Paraguay Jun 0.27 8.20 0.02 3.70 3.83 4.32 0.34 Jul 0.26 8.20 0.03 3.70 3.84 4.32 0.33 Major Importers 4/ Jun 14.90 14.80 97.25 94.28 111.50 0.39 15.07 Jul 14.55 14.80 98.25 95.33 112.55 0.39 14.66 China Jun 13.70 12.00 72.00 72.50 83.90 0.30 13.50 Jul 13.29 12.00 73.00 73.50 84.90 0.30 13.09 European Union Jun 0.59 1.43 12.50 12.58 13.56 0.07 0.88 Jul 0.64 1.43 12.50 12.63 13.61 0.07 0.88 Japan Jun 0.17 0.21 2.80 1.95 3.01 0.00 0.17 Jul 0.18 0.21 2.80 1.95 3.01 0.00 0.17 Mexico Jun 0.12 0.29 3.74 3.97 4.00 0.00 0.15 Jul 0.12 0.29 3.74 3.97 4.00 0.00 0.15 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an Octobe r-September year. 2/ World i mports and exports may not balance due to differences in local marketing years and to time lags be tween reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japa n, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Phil ippines, Vietnam, and Thailand). July 2014 WASDE - 531 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 9.65 180.95 53.78 177.36 57.76 9.25 United States 0.27 36.17 0.22 26.34 10.08 0.25 Total Foreign 9.37 144.78 53.56 151.03 47.68 9.00 Major Exporters 3/ 6.25 61.20 0.04 19.33 41.26 6.89 Argentina 2.92 26.09 0.00 1.60 23.67 3.74 Brazil 3.20 27.31 0.03 14.20 13.24 3.10 India 0.13 7.80 0.01 3.53 4.35 0.05 Major Importers 4/ 1.48 13.90 31.18 45.05 0.57 0.93 European Union 0.37 10.19 16.94 26.89 0.54 0.08 Southeast Asia 5/ 0.90 2.26 12.47 14.81 0.04 0.78 2013/14 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 9.25 189.82 57.81 185.00 61.52 10.36 United States 0.25 37.20 0.24 26.85 10.57 0.27 Total Foreign 9.00 152.61 57.57 158.15 50.95 10.09 Major Exporters 3/ 6.89 64.72 0.03 20.13 44.10 7.42 Argentina 3.74 29.00 0.00 1.80 27.00 3.94 Brazil 3.10 28.68 0.03 14.50 14.00 3.31 India 0.05 7.04 0.01 3.83 3.10 0.17 Major Importers 4/ 0.93 13.87 34.09 47.17 0.42 1.31 European Union 0.08 9.94 18.70 27.97 0.35 0.40 Southeast Asia 5/ 0.78 2.43 13.35 15.68 0.07 0.82 2014/15 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Jun 10.72 196.10 60.81 192.40 64.76 10.47 Jul 10.36 198.07 60.86 194.57 65.00 9.72 United States Jun 0.27 36.95 0.15 26.94 10.16 0.27 Jul 0.27 37.82 0.15 27.31 10.66 0.27 Total Foreign Jun 10.45 159.15 60.66 165.46 54.60 10.20 Jul 10.09 160.26 60.71 167.27 54.34 9.45 Major Exporters 3/ Jun 7.69 67.64 0.03 20.70 47.62 7.03 Jul 7.42 67.35 0.03 21.17 47.22 6.41 Argentina Jun 4.02 30.95 0.00 1.48 29.82 3.68 Jul 3.94 30.95 0.00 1.80 29.82 3.27 Brazil Jun 3.53 28.76 0.03 15.00 14.00 3.31 Jul 3.31 28.76 0.03 15.00 14.00 3.09 India Jun 0.14 7.93 0.01 4.23 3.80 0.05 Jul 0.17 7.64 0.01 4.37 3.40 0.05 Major Importers 4/ Jun 1.27 14.06 36.00 49.14 0.72 1.47 Jul 1.31 14.07 36.00 49.19 0.72 1.47 European Union Jun 0.40 10.03 19.80 29.11 0.65 0.46 Jul 0.40 10.04 19.80 29.12 0.65 0.46 Southeast Asia 5/ Jun 0.82 2.56 14.10 16.48 0.07 0.93 Jul 0.82 2.56 14.10 16.48 0.07 0.93 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Ar gentina, Brazil, and India. 4/ European Union, Southeast Asia , and Japan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. July 2014 WASDE - 531 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 3.87 42.90 8.43 42.32 9.32 3.56 United States 1.15 8.99 0.09 8.48 0.98 0.77 Total Foreign 2.72 33.91 8.34 33.85 8.34 2.78 Major Exporters 3/ 0.88 15.44 0.40 9.47 6.51 0.74 Argentina 0.32 6.36 0.09 2.28 4.24 0.26 Brazil 0.41 6.76 0.01 5.54 1.25 0.38 European Union 0.15 2.32 0.30 1.65 1.01 0.10 Major Importers 4/ 1.08 13.78 3.88 17.15 0.16 1.43 China 0.62 11.63 1.41 12.55 0.08 1.02 India 0.36 1.74 1.09 2.91 0.00 0.28 North Africa 5/ 0.10 0.41 1.39 1.69 0.08 0.13 2013/14 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 3.56 44.98 8.89 44.58 9.44 3.41 United States 0.77 9.17 0.08 8.51 0.77 0.74 Total Foreign 2.78 35.81 8.81 36.07 8.67 2.66 Major Exporters 3/ 0.74 16.47 0.32 10.14 6.62 0.77 Argentina 0.26 7.10 0.00 2.69 4.42 0.25 Brazil 0.38 7.10 0.00 5.68 1.40 0.40 European Union 0.10 2.27 0.32 1.77 0.80 0.12 Major Importers 4/ 1.43 14.33 4.23 18.48 0.18 1.33 China 1.02 12.32 1.25 13.51 0.10 0.99 India 0.28 1.57 1.55 3.20 0.00 0.20 North Africa 5/ 0.13 0.44 1.43 1.77 0.08 0.15 2014/15 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Jun 3.26 46.34 9.12 45.81 9.61 3.30 Jul 3.41 46.79 9.20 46.15 9.79 3.46 United States Jun 0.74 8.99 0.07 8.21 0.77 0.81 Jul 0.74 9.19 0.07 8.26 0.95 0.80 Total Foreign Jun 2.52 37.36 9.05 37.60 8.84 2.49 Jul 2.66 37.60 9.13 37.90 8.83 2.66 Major Exporters 3/ Jun 0.74 17.00 0.30 10.54 6.82 0.69 Jul 0.77 17.01 0.30 10.59 6.72 0.77 Argentina Jun 0.25 7.60 0.00 2.89 4.72 0.24 Jul 0.25 7.60 0.00 2.94 4.62 0.29 Brazil Jun 0.40 7.12 0.00 5.87 1.30 0.35 Jul 0.40 7.12 0.00 5.87 1.30 0.35 European Union Jun 0.09 2.28 0.30 1.78 0.80 0.10 Jul 0.12 2.29 0.30 1.78 0.80 0.13 Major Importers 4/ Jun 1.24 15.17 4.42 19.45 0.16 1.22 Jul 1.33 15.32 4.42 19.61 0.17 1.29 China Jun 0.95 12.99 1.35 14.24 0.08 0.97 Jul 0.99 13.16 1.30 14.38 0.08 0.99 India Jun 0.16 1.78 1.65 3.45 0.00 0.14 Jul 0.20 1.71 1.68 3.42 0.00 0.16 North Africa 5/ Jun 0.12 0.41 1.42 1.76 0.08 0.11 Jul 0.15 0.45 1.44 1.81 0.09 0.14 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and i mports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. July 2014 WASDE - 531 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Mea t 2/Broiler Turkey Total Poultry 3 /Red Meat & PoultryEgg Milk Million Pounds Mil doz Bil lbs 2013 III 6,609 5,622 12,298 9,683 1, 440 11,265 23,563 1,994 49.4 IV 6,423 6,274 12,764 9,537 1, 420 11,080 23,844 2,038 49.3 Annual 25,720 23,187 49,174 37,830 5, 805 44,159 93,333 7,946 201.2 2014 I 5,868 5,785 11,716 9,283 1, 332 10,739 22,455 1,982 51.1 II 6,190 5,505 11,761 9,575 1, 435 11,145 22,906 2,020 52.7 III* 6,330 5,490 11,882 9,750 1, 450 11,340 23,222 2,050 50.9 IV* 6,150 5,980 12,193 9,625 1, 500 11,255 23,448 2,100 51.2 Annual Jun Proj. 24,408 22,820 47,480 38,233 5, 707 44,469 91,949 8,102 206.1 Jul Proj. 24,538 22,760 47,552 38,233 5, 717 44,479 92,031 8,152 205.9 2015 I* 5,855 5,640 11,558 9,465 1, 400 10,990 22,548 2,025 52.8 II* 6,240 5,440 11,742 9,900 1, 475 11,515 23,257 2,055 54.3 Annual Jun Proj. 24,315 23,310 47,872 39,225 5, 925 45,695 93,567 8,180 212.1 Jul Proj. 24,375 23,240 47,862 39,315 5, 925 45,785 93,647 8,260 212.4 * Projection. 1/ Commercial production for red meats; federa lly inspected for poultry meats. 2/ Beef, pork, veal and lamb & mutton. 3/ Broile rs, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/Barrows and gilts 3/Broilers 4/Turkeys 5/Eggs 6/Milk 7/ Dol./cw t Dol./cw t Cents/lb. Cents/lb. Cents/doz. Dol./cw t 2013 III 122.30 70.59 93.9 99.9 119.0 19.60 IV 130.77 61.11 92.8 105.4 143.0 21.50 Annual 125.89 64.05 99.7 99.8 124.7 20.05 2014 I 146.34 68.69 98.4 100.7 142.7 24.53 II 147.82 85.40 113.7 105.6 134.6 24.27 III* 145-151 86-90 106-110 105-109 123-127 22.80-23.20 IV* 145-155 76-82 103-111 106-114 134-144 21.40-22.10 Annual Jun Proj. 143-149 76-80 105-109 103-108 133-139 22.90-23.30 Jul Proj. 146-150 79-81 106-108 104-107 133-137 23.25-23.55 2015 I* 147-159 75-81 101-109 98-106 130-140 20.60-21.60 II* 146-158 78-84 103-111 100-108 115-125 18.95-19.95 Annual Jun Proj. 145-157 70-76 100-108 102-111 122-132 19.75-20.75 Jul Proj. 145-157 75-81 100-108 102-111 122-132 19.75-20.75 *Projection. 1/ Simple average of months . 2/ 5-Area, Direct, Total all grades 3/ National Base, Live equiv 51-52% lean. 4/ Who lesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. July 2014 WASDE - 531 - 32 U.S. Meats Supply and Use Item Beginning stocksProduction 1/ ImportsTotal Supply ExportsEnding StocksTotal UsePer Capita 2/ 3/ Million Pounds /4 Beef 2013 608 25,791 2,250 28,649 2,583 584 25,483 56.4 2014 Proj. Jun 584 24,479 2,446 27,509 2,508 525 24,476 53.7 Jul 584 24,609 2,521 27,714 2,518 525 24,671 54.2 2015 Proj. Jun 525 24,386 2,445 27,356 2,425 525 24,406 53.2 Jul 525 24,446 2,560 27,531 2,425 525 24,581 53.6 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2013 625 23,200 879 24,704 4,992 618 19,095 46.8 2014 Proj. Jun 618 22,833 922 24,373 4,860 525 18,988 46.2 Jul 618 22,773 927 24,318 5,005 525 18,788 45.7 2015 Proj. Jun 525 23,323 890 24,738 5,035 580 19,123 46.2 Jul 525 23,253 890 24,668 5,085 580 19,003 45.9 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2013 1,260 49,270 3,302 53,832 7,582 1,230 45,020 104.4 2014 Proj. Jun 1,230 47,575 3,535 52,340 7,377 1,078 43,886 101.1 Jul 1,230 47,647 3,619 52,496 7,532 1,078 43,887 101.1 2015 Proj. Jun 1,078 47,967 3,501 52,546 7,469 1,133 43,944 100.6 Jul 1,078 47,957 3,616 52,651 7,519 1,133 43,999 100.7 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2013 651 37,425 122 38,199 7,364 669 30,166 81.9 2014 Proj. Jun 669 37,824 120 38,613 7,306 605 30,702 82.7 Jul 669 37,824 120 38,613 7,356 605 30,652 82.6 2015 Proj. Jun 605 38,805 116 39,526 7,475 645 31,406 84.0 Jul 605 38,894 116 39,615 7,475 645 31,495 84.3 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2013 296 5,729 22 6,047 758 237 5,052 16.0 2014 Proj. Jun 237 5,707 21 5,965 713 225 5,027 15.8 Jul 237 5,717 21 5,975 718 225 5,032 15.8 2015 Proj. Jun 225 5,925 20 6,170 750 310 5,110 15.9 Jul 225 5,925 20 6,170 750 310 5,110 15.9 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2013 949 43,677 146 44,771 8,230 912 35,630 99.1 2014 Proj. Jun 912 44,059 142 45,114 8,128 834 36,152 99.8 Jul 912 44,069 142 45,124 8,183 834 36,107 99.7 2015 Proj. Jun 834 45,275 138 46,247 8,350 959 36,938 101.3 Jul 834 45,364 138 46,336 8,350 959 37,027 101.5 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2013 2,208 92,947 3,448 98,603 15,812 2,142 80,649 203.5 2014 Proj. Jun 2,142 91,635 3,677 97,454 15,504 1,912 80,038 201.0 Jul 2,142 91,717 3,761 97,620 15,714 1,912 79,994 200.8 2015 Proj. Jun 1,912 93,242 3,639 98,792 15,819 2,092 80,881 201.8 Jul 1,912 93,321 3,754 98,986 15,869 2,092 81,025 202.2 1/ Total including farm production for red meats and, for pou ltry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis for red meat and broilers; certified ready-to-cook weight for turkey. 3/ Populati on source: Dept. of Commerce, Census Bureau . 4/ Carcass weight for red meats and cer tified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. July 2014 WASDE - 531 - 33 U.S. Egg Supply and Use Commodity 2012 2013 2014 Proj. 2014 Proj. 2015 Proj. 2015 Proj. Jun Jul Jun Jul Eggs Million Dozen Supply Beginning Stocks 27.7 20.8 23.0 23.0 22.0 22.0 Production 7,786.3 7,945.6 8,102.0 8 ,152.0 8,180.0 8,260.0 Imports 18.4 16.9 22.6 22.6 20.0 20.0 Total Supply 7,832.4 7,983.3 8,147.6 8 ,197.6 8,222.0 8,302.0 Use Exports 301.7 371.6 310.0 328.0 320.0 320.0 Hatching Use 940.8 959.9 972.7 972.7 1,000.0 1,000.0 Ending Stocks 20.8 23.0 22.0 22.0 23.0 23.0 Disappearance Total 6,569.1 6,628.8 6,842.9 6 ,874.9 6,879.0 6,959.0 Per Capita (number) 250.8 251.3 257.6 258.8 257.1 260.1 Total U.S. Milk Supply and Use Commodity 2012 2013 2014 Proj. 2014 Proj. 2015 Proj. 2015 Proj. Jun Jul Jun Jul Milk Billion Pounds Production 200.5 201.2 206.1 205.9 212.1 212.4 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 10.9 12.2 11.2 11.2 10.8 10.8 Marketings 199.6 200.2 205.1 204.9 211.1 211.4 Imports 4.1 3.7 3.5 3.5 3.4 3.5 Total Cml. Supply 214.6 216.2 219.7 219.6 225.3 225.6 Fat Basis Use Commercial Exports 8.8 12.4 13.4 13.2 13.0 13.0 Ending Commercial Stocks 12.2 11.2 10.8 10.8 12.0 12.0 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 193.6 192.6 195.6 195.6 200.3 200.6 Skim-solid Basis Supply Beg. Commercial Stocks 11.8 12.4 11.7 11.6 11.9 12.0 Marketings 199.6 200.2 205.1 204.9 211.1 211.4 Imports 5.7 5.3 5.6 5.2 5.2 5.1 Total Cml. Supply 217.1 217.9 222.3 221.8 228.2 228.5 Skim-solid Basis Use Commercial Exports 33.3 38.6 39.4 40.4 38.6 39.1 Ending Commercial Stocks 12.4 11.6 11.9 12.0 12.2 12.2 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 171.4 167.7 171.1 169.3 177.3 177.2 Total Note: Totals may not add due to rounding. July 2014 WASDE - 531 - 34 U.S. Dairy Prices Commodity 2012 2013 2014 Proj. 2014 Proj. 2015 Proj. 2015 Proj. Jun Jul Jun Jul Product Prices 1/ Dollars Pe r Pound Cheese 1.7076 1.7683 2.015- 2.0552.030- 2.0601.670- 1.7701.670- 1.770 Butter 1.5943 1.5451 1.870- 1.9401.965- 2.0251.640- 1.7701.650- 1.780 Nonfat Dry Milk 1.3279 1.7066 1.820- 1.8601.835- 1.8651.605- 1.6751.605- 1.675 Dry Whey 0.5935 0.5902 0.630- 0.6500.635- 0.6550.550- 0.5800.550- 0.580 Filler Dollars Pe r Cwt Milk Prices 2/ Class III 17.44 17.99 20.80- 21.2021.00- 21.3016.95- 17.9516.95- 17.95 Class IV 16.01 19.05 21.45- 21.9521.95- 22.3518.65- 19.7518.70- 19.80 All Milk 3/ 18.52 20.05 22.90- 23.3023.25- 23.5519.75- 20.7519.75- 20.75 1/ Simple average of monthly prices calculated by AMS from w eekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deduc tions from producers as authorized by legislation. July 2014 WASDE - 531 - 35 Note: Tables on pages 35-37 present a record of the July projec tion and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 2.9 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 4.9 percent. The aver age difference between the July projection and the final estimate is 14.3 million tons, ranging from 1.0 million to 34.6 million tons. The July projection has been below the estimate 1 9 times and above 14 times. Reliability of July Projections 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final WHEAT Percent Million Metric Tons Production Worl d 2.9 4.9 14.3 1.0 34.6 19 14 U.S. 3.6 6.2 1.7 0.2 6.2 15 18 Forei gn 3.2 5.4 13.9 0.3 34.7 20 13 Exports Worl d 6.0 10.3 6.1 0.2 18.7 21 12 U.S. 11.7 19.9 2.8 0.2 10.0 20 13 Forei gn 7.4 12.6 5.7 0.1 21.3 22 11 Domestic Use Worl d 2.1 3.5 9.1 1.6 25.7 20 13 U.S. 7.3 12.4 1.9 0.0 5.0 13 20 Forei gn 2.0 3.4 8.7 1.3 26.9 22 11 Ending Stocks Worl d 10.2 17.3 11.9 0.1 35.3 22 11 U.S. 19.5 33.0 3.2 0.2 13.9 18 15 Forei gn 10.7 18.2 10.4 2.3 31.7 22 11 COARSE GRAINS 2/ Production Worl d 2.9 5.0 21.7 3.7 68.4 17 16 U.S. 10.8 18.4 16.7 0.6 57.9 14 19 Forei gn 2.5 4.2 12.6 1.1 37.9 17 16 Exports Worl d 7.8 13.3 7.3 0.6 23.5 22 11 U.S. 27.8 47.2 8.2 0.2 24.4 12 21 Forei gn 14.8 25.2 7.1 1.4 19.7 22 11 Domestic Use Worl d 1.7 2.9 13.1 0.0 41.7 17 16 U.S. 4.8 8.2 7.5 0.3 22.2 21 12 Forei gn 1.8 3.1 9.9 1.0 30.5 18 15 Ending Stocks Worl d 18.3 31.1 19.1 1.6 60.2 20 13 U.S. 42.2 71.6 13.9 0.5 50.5 12 21 Forei gn 15.1 25.6 11.7 0.2 43.5 23 10 RICE, milled Production Worl d 2.5 4.3 7.2 0.4 24.0 21 12 U.S. 4.8 8.1 0.2 0.0 0.6 18 13 Forei gn 2.6 4.3 7.2 0.5 24.3 21 12 Exports Worl d 9.4 16.0 1.6 0.0 6.7 24 9 U.S. 10.8 18.4 0.2 0.0 1.0 16 13 Forei gn 10.3 17.4 1.5 0.0 6.5 24 9 Domestic Use Worl d 2.1 3.6 4.9 0.2 22.9 21 12 U.S. 8.7 14.8 0.2 0.0 0.5 13 20 Forei gn 2.1 3.6 4.9 0.2 22.9 21 12 Ending Stocks Worl d 13.8 23.5 4.9 0.1 15.6 25 8 U.S. 29.6 50.2 0.3 0.0 1.0 20 12 Forei gn 15.3 26.0 5.0 0.2 16.5 26 7 1/ Footnotes at end of table. CONTINUED July 2014 WASDE - 531 - 36 Reliability of July Projections (Continued) Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final SOYBEANS Percent Million Metric Tons Production World 5.3 8.9 6.9 0.5 26.9 15 18 U.S. 7.3 12.3 3.4 0.2 11.7 15 18 Foreign 7.9 13.3 6.4 1.0 25.8 18 15 Exports World 8.1 13.8 3.1 0.0 10.7 20 13 U.S. 13.4 22.7 2.7 0.1 6.8 19 14 Foreign 21.1 35.8 2.5 0.0 10.5 17 16 Domestic Use World 4.0 6.8 5.1 0.5 16.1 19 14 U.S. 5.5 9.3 1.7 0.0 4.9 20 13 Foreign 4.3 7.3 4.3 0.1 11.2 19 14 Ending Stocks World 15.1 25.6 3.6 0.0 13.6 20 13 U.S. 56.7 96.2 2.6 0.0 8.2 10 23 Foreign 19.3 32.8 3.8 0.0 15.4 21 12 COTTON Million 480-Pound Bales Production World 5.6 9.4 3.6 0.0 14.9 20 13 U.S. 10.1 17.1 1.4 0.1 5.3 19 14 Foreign 5.7 9.7 2.9 0.0 12.1 18 14 Exports World 10.9 18.4 2.4 0.1 11.6 18 15 U.S. 28.7 48.7 1.3 0.1 3.6 20 13 Foreign 14.4 24.4 2.0 0.0 9.8 15 18 Domestic Use World 4.4 7.4 3.0 0.0 15.4 15 18 U.S. 9.6 16.2 0.5 0.0 1.4 18 14 Foreign 4.4 7.5 2.9 0.1 14.6 14 19 Ending Stocks World 17.2 29.3 6.2 0.2 16.3 23 10 U.S. 41.4 70.3 1.6 0.1 4.9 15 18 Foreign 16.8 28.6 5.3 0.5 16.1 24 9 1/ Marketing years 1981/82 through 2013/14 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the ma rketing year for 1981/82 through 2012/13, and for 2013/14 last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. July 2014 WASDE - 531 - 37 Reliability of United States July Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final CORN Percent Million Bushels Production 11.9 20.1 605 12 2,190 17 16 Exports 29.0 49.3 297 0 900 12 19 Domestic Use 5.2 8.9 291 10 770 21 12 Ending Stocks 51.7 87.7 502 11 1,840 13 20 SORGHUM Production 19.1 32.3 73 3 213 16 17 Exports 38.1 64.7 42 0 118 15 17 Domestic Use 17.1 29.1 48 3 139 13 20 Ending Stocks 62.8 106.6 50 0 174 11 21 BARLEY Production 8.2 13.9 23 0 87 11 21 Exports 60.1 102.0 16 0 92 19 13 Domestic Use 10.6 18.0 27 0 87 14 18 Ending Stocks 23.6 40.0 29 0 114 13 19 OATS Production 12.6 21.3 22 0 144 5 27 Exports 103.8 176. 21088 1 2 Domestic Use 6.7 11.4 17 0 67 11 20 Ending Stocks 22.9 38.8 15 2 68 14 19 SOYBEAN MEAL Thousand Short Tons Production 5.5 9.4 1,284 118 4,432 23 10 Exports 16.3 27.6 944 81 2,450 19 14 Domestic Use 6.0 10.2 973 76 4,470 15 18 Ending Stocks 43.1 73.1 56 0 413 10 16 SOYBEAN OIL Million Pounds Production 5.3 8.9 641 81 2,130 23 10 Exports 36.4 61.8 449 0 1,575 19 13 Domestic Use 4.4 7.5 457 0 2,300 18 14 Ending Stocks 41.3 70.1 490 15 1,568 17 16 ANIMAL PROD. 3/ Million Pounds Beef 4.3 7.5 867 83 2,677 15 5 Pork 3.0 5.2 423 39 1,372 10 10 Broilers 2.4 4.1 681 184 1,338 8 12 Turkeys 4.0 6.9 165 2 468 10 10 Million Dozen Eggs 1.4 2.4 78 4 264 14 6 Billion Pounds Milk 1.7 2.9 2.3 0.1 7.0 13 7 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2013/14 for grains, soybeans, and cotton. Final for grai ns, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2012/13, and for 2013/14 last month’s estimate. Calendar years 1982 through 2013 for meats, eggs, and milk. Final for an imal products is defined as the latest annual production estimate published by NASS for 1982-2013. WASDE-531-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at http://www.fas.usda.gov/psd/online . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric-Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 UNITED STATES DEPARTMENT OF AGRICULTURE WORLD AGRICULTURAL OUTLOOK BOARD WASHINGTON, D.C. 20250-3812 ___________________ OFFICIAL BUSINESS Penalty for Private Use, $300 FIRST-CLASS MAIL POSTAGE & FEES PAID USDA PERMIT NO. G-289 World Agricultural Supply and Demand Estimates WASDE-531 – July 11, 2014 Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e-mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu . Select the “Reports by E-Mail” bar to sign up. Print Subscriptions: For print subscriptions, call the National Technical Information Service (NTIS) at 1-800- 999-6779 or 703-605-6220. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250-9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 586 Approved by the World Agricultura l Outlook Board March 8, 2019 WHEAT: The outlook for 2018/19 U.S. wheat this month is for larger supplies, lower exports, reduced domestic use, and higher ending stocks. Supplies are inc reased by 5 million b ushels on higher imports. Wheat exports are lowered 35 million bushels to 965 million with reductions in Hard Red Spring and White on stronger than expected export competition for these classes. Wheat food use is reduced by 5 million bushels to 965 million, based primarily on the latest NASS Flour Milling Products report. Wheat ground for flour was lower in the first half of the 2018/19 M arketing Y ear than previously forecast. Projected 2018/19 ending stocks are raised 45 million bushels to 1,055 million. The season- average farm price range is unchanged at the midpoint of $5.15 per bushel and the range is narrowed to $5.10 to $5.20. Global wheat supplies are reduced, primarily on lower production forecasts for Kazakhstan and Iraq. Projected 2018/19 world trade is fractionally higher as larger EU and Brazil exports more than offset reductions for the United States and Mexico. The EU is increased 1.0 million tons to 23.0 million as its recent improved export competiveness is expected to continue for the remainder of the trade year. Global imports are raised for Algeria, Morocco, and the Philippines while decreased for Bangladesh, the EU, Mexico, and Venezuela. Projected 2018/19 world consumption is reduced 5.1 million tons with India accounting for 3.0 million of the decrease as its total wheat consumption is lowered to 95.0 million, compared to last year ’s 95.8 million. This reduction is based on an upward revision to the official Indian government wheat stocks estimate for 2018/19. Global ending stocks are increased 3.0 million tons to 270.5 million, down 3 percent from last year ’s record. COARSE GRAINS: This month’s 2018/19 U.S. corn outlook is for lower corn used for ethanol, reduced exports, and larger stocks. Corn used to produce ethanol is lowered 25 million bushels to 5.550 billion based on the most recent data from the Grain Crushings and Co- Products Production report, and the pace of weekly ethanol production during February as indicated by Energy Information Administration data. Exports are reduced 75 million bushels to 2.375 billion, reflecting diminished U.S. price competitiveness and expectations of increased exports for Brazil and Argentina. With no other use changes, ending stocks are raised 100 million bushels to 1.835 billion. The season- average corn price received by producers is lowered 5 cents at the midpoint to $3.55 per bushel. For sorghum, 2018/19 exports are lowered 15 million bushels to 85 million, which if realized would be the lowest since 2012/13. Food, seed, and industrial use is lowered 5 million bushels reflecting a reduction in the projected amount of sorghum used to produce ethanol. Offsetting is a 20 million bushel increase in feed and residual use. The midpoint price forecast is lowered 5 cents to $3.30 per bushel. WASDE- 586-2 The global coarse grain production forecast for 2018/19 is down slightly to 1,371.9 million metric tons. This month’s foreign coarse grain outlook is for marginally lower production, virtually unchanged trade, greater use, and reduced stocks relative to last month. Brazil corn production is unchanged, with increased yield expectations offset by a reduction in area. Faster -than- normal planting progress improves yield prospects for second- crop corn in the Center -West, while area is down reflecting updated expectations for both first and second -crop corn. Corn production is raised for India, but lowered for South Africa. Australia coarse grain production is higher, as a forecast increase in barley more than offsets a reduction for sorghum. Major global trade changes for 2018/19 include higher projected corn exports for Argentina and Ukraine and reduction for the United States. For 2017/18, Brazil’s exports for the marketing year ending February 2019 are raised based on larger than expected late-season shipments. Partly offsetting is a reduction for Argentina. China’s coarse grain imports for 2018/19 are lowered, reflecting lower forecast sorghum and barley imports. China’s corn feed and residual use is raised with lower sorghum and barley imports. Corn imports are raised for the EU and Canada. Foreign corn ending stocks for 2018/19 are lowered from last month, mostly reflecting reductions for China, Brazil, and Argentina. RICE : This month’ s outlook for 2018/19 U.S. rice is for higher imports, lower exports, and increased ending stocks. All the supply and demand changes are for medium - and short- grain rice. Total rice imports are raised 0.5 million cwt to record 29.0 million on increased China shipments to Puerto Rico. All U.S. rice exports are down 2 million cwt to 98 million on a slow shipment pace to date of medium- and short- grain rice. Even with this reduction, 2018/19 rice exports are forecast to increase 11 million cwt from the previous year as U.S. rice is expected to be mor e competitive. Rice ending stocks are raised 2.5 million cwt to 49.6 million, the largest in more than 30 years. The all rice season- average farm price is raised $0.10 per cwt at the midpoint to a range of $11.70 to $12.70 per cwt. The entire change is due to increased long- grain prices. Global 2018/19 rice supplies are raised 6.3 million tons to 664.2 million, mostly on a large increase for India production. India’ s rice crop is raised 5.0 million tons to a record 116.0 million due to favorable summer rainfall and updated government data. Bangladesh production is raised 0.5 million tons to 35.0 million also on favorable weather and increased harvested area. Global exports are reduced 0.4 million tons to 47.4 million but still remain record large. Global consumption is raised 1.7 million tons to 492.0 million, led by a 1.1 million ton increase for India. With world supplies rising more than total use, global ending stocks are raised 4.6 million tons to 172.2 million to a new record. OILSEEDS: U.S. soybean supply and use changes for 2018/19 include higher crush and lower ending stocks compared with last month’ s report. Soybean crush is raised 10 million bushels to 2,100 million on higher domestic disappearance of soybean meal and a lower soybean meal extraction rate reflecting data reported by NASS in the Oilseed Crushings report. With exports unchanged, soybean stocks are projected at 900 million bushels, down 10 million from last month. With increased crush, soybean oil production WASDE- 586-3 is raised 1 15 million pounds to 24.6 billion. Soybean oil used for methyl ester production for biodiesel is raised 200 million pounds to 8.2 billion on record production for the first quarter of the marketing year (Oct -Sept). With increased production more than off set by higher use, soybean oil stocks are forecast lower. The season- average soybean price range forecast of $8.10 to $9.10 per bushel is unchanged at the midpoint. Soybean oil and meal prices are also unchanged at 28.5 to 31.5 cents per pound and $295 to $335 per short ton, respectively. The 2018/19 global oilseed outlook includes lower production, crush, and increased stocks compared to last month. Global oilseed production is down 0.2 million tons, with lower soybean production more than offsetting higher rapeseed and cottonseed. Soybean production is reduced 0.9 million tons to 360.1 million on lower production for Brazil and Paraguay. Production for Brazil is down 0.5 million tons to 116.5 million, reflecting dry weather conditions and lower yields for Minas Gerais, Mato Grosso do Sul, and Goias. Global oilseed crush is down 0.5 million tons mainly on lower soybean crush for China, which is down on slower -than- expected pace to date. China’ s soybean crush pace is expected to increase during the second half of the marketing year as the South American harvest advances and leads to increased global supplies. Global oilseed ending stocks are up 0.8 million tons to 121.7 million, with soybeans accounting for 0.5 million of the increase. SUGAR: U.S. beet sugar production for 2018/19 is increased 103,694 short tons, raw value (STRV) to 5.004 million based on a lower projected shrink of 5.0 percent, down from 6.9 percent last month, and a slight increase in projected recovery from sliced beets. Cane sugar production is decreased 18,050 STRV to 4.099 million based on reporting by processors in Florida and Texas. Imports from Mexico for 2018/19 are projected to decrease 223,635 STRV to 896,692 while high- tier tariff imports are projected to increase 10,000 STRV to 55,000 based on the pace to date. With no change to 2018/19 use, ending stocks are projected at 1.668 million STRV, implying a stocks -to-use ratio of 13.55 percent. Mexico production for 2018/19 is increased to 6.152 million metric tons (MT) based on higher projected area for harvest and on updated projections of sugarcane yield and recovery based on the pace established for those values through early March. Deliveries of sugar for human consumption are increased 201,611 MT to 4.615 million. Per capita sweetener consumption is projected at a level consistent with that for 2016/17 and consumption of high fructose corn syrup is reduced to 1.555 million MT based on a slower pace to date than previously forecast. Exports to the United States are projected down 191,395 MT to 767,420 MT. This is sum of exports under license for 2018/19 plus 1,842 MT reported by CONADESUCA corresponding to export licenses for 2017/18 extended for a period between October 1 and 15. Projected Mexico exports under 2018/19 license are the greater of 100 percent of U.S. Needs calculated from U.S. supply and use in this WASDE or the export limit WASDE- 586-4 previously established by the Commerce Department on December 18, 2018. Exports to non-U.S. destinations are increased 27,614 MT based on realized exports through February 23, 2019. Total exports to all destinations sum to 1.102 million MT. Ending stocks for 2018/19 are projected residually at 1.420 million MT, implying a stocks -to- human consumption ratio of 30.8 percent. LIVESTOCK, POULTRY, AND DAIRY : Total U.S. red meat and poultry production for 2019 is lowered from the previous month as lower forecast beef and turkey production more than offsets higher pork production. Beef production is reduced from the previous month on the pa ce of fed cattle slaughter in the first quarter and lower expected marketings in mid-2019 . Partly offsetting the lower fed cattle slaughter is higher expected cow slaughter. The lower production forecast also reflects lighter carcass weights in 2019. The pork production forecast is raised slightly on the current pace of slaughter and heavier first -quarter carcass weights. The broiler production forecast is unchanged from last month. The turkey production forecast is decreased as hatchery data is pointing to lower -than- previously expected poult placements. Forecast egg production is increased on continued growth in the laying flock. The 2019 beef, broiler, turkey, and egg trade forecasts are unchanged from the previous month. Pork imports are lowered for 2019, reflecting larger domestic supplies and limited demand for foreign product. Forecast pork exports are lowered on slow er international demand for U.S. pork products. Cattle price forecasts are raised for 2019 on current price strength and expectations of firm demand throughout the year. First- and third- quarter hog prices are reduced from the previous month. First -quarter broiler and egg price forecasts are reduced on recent price data. First-half turkey prices are raised. For 2019, t he milk production forecast is lowered on smaller expected dairy cow numbers. The fat basis export forecast is reduced on slower expected sales of butterfat due to increased global competition. Skim-solids basis exports are lowered on expected strong com petition in international skim milk powder markets and slower expected demand for whey products. The fat basis import forecast is lowered slightly while the skim -solids basis import forecast is unchanged. Annual product price forecasts for cheese, butter, nonfat dry milk (NDM) are raised from the previous month, but the whey price forecast is reduced slightly. The Class III price is raised as the higher cheese price projection more than offsets the lower whey price. The Class IV price is increased on higher forecast butter and NDM prices. The all milk price forecast is raised to average $17.00 to $17.60 per cwt. COTTON: The U.S. 2018/19 cotton supply and demand estimates are unchanged from last month. The projected range for the marketing year average price received by producers of 69.0 to 71.0 cents per pound is reduced 2 cents, as the reported average price for January fell below previous expectations. WASDE- 586-5 This month ’s 2018/19 world cotton estimates show higher production and ending stocks, and slightly lower trade. Production is estimated up 350,000 bales in Brazil on higher area and 200,000 bales up in Pakistan based on arrivals at gins. Production is 100,000 bales lower in Australia due to weather. World trade is forecast 140,000 bales lower with reductions for Brazil and Indonesia on the export and import sides based on activity to date. Ending stocks for 2018/19 are forecast 590,000 bales higher this month, at 76.1 million bales. This would be 5.1 million bales below their revised 2017/18 level. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Seth D. Meyer , (202) 720- 6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY : WARREN PRESTON SECRETARY OF AGRICULTURE DESIGNATE WASDE- 586-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers, ICEC Chair, WAOB, E- mail: [email protected] Jennifer Bond, ERS; Andrew Sowell, FAS; Pete Riley, F PAC. Rice: William Chambers , ICEC Chair , WAOB, E-mail: wchambers @oce.usda.gov Nathan Childs, ERS; Rachel Trego, FAS; Sherrie Grimm, FPAC. Feed Grains: Michael Jewison , ICEC Chair, WAOB, E- mail: [email protected] Tom Capehart, ERS; Yoonhee Macke, FAS; Erik Dohlman , FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail: [email protected] Mark Ash, ERS; Bill George, FAS; Susan Proper, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, E- mail: [email protected] Leslie Meyer, ERS; James Johnson, FAS; Erik Dohlman , FPAC. Sugar: Stephen Haley , ICEC Chair, WAOB, E-mail: [email protected] Michael McConnell , ERS; Ro n Lord, FAS; Barbara Fecso, F PAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Lindsa y Kuberka, FAS; Ryan Pfirrmann -Powell, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Sherry Wise , AMS; Kim Ha , ERS; Claire Mezoughem, FAS; Milton Madison, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Milton Madison, F PAC. In 2019, the WASDE report will be released on Apr 9, May 10, Jun 11, July 11, Aug 12, Sep 12, Oct 10, Nov 8, and Dec 10. WASDE- 586-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................... 1 Interagency Commodity Estimates Committees ..................................................... 6 World & U.S. Supply & Use for Grains ................................................................... 8 World & U.S. Supply & Use for Cotton ................................................................... 9 World & U.S. Supply & Use for Oilseeds .............................................................. 10 U.S. Wheat Supply & Use .................................................................................... 11 U.S. Wheat Supply & Use by Class ..................................................................... 11 U.S. Feed Grain & Corn Supply & Use ................................................................ 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13 U.S. Rice Supply & Use ....................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................ 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ............................................................................. 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use .................................................................................. 18 World Coarse Grains Supply & Use ..................................................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use ..................................................................................... 24 World Cotton Supply & Use ................................................................................. 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ..................................................................... 29 World Soybean Oil Supply & Use ......................................................................... 30 U.S. Quarterly Animal Product Production ........................................................... 31 U.S. Quarterly Prices for Animal Products ........................................................... 31 U.S. Meats Supply and Use ................................................................................. 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use .................................................................................... 33 U.S. Dairy Prices ................................................................................................. 34 Reliability Tables ................................................................................................. 35 Related USDA Reports ........................................................................................ 38 Metric Conversion Factors ................................................................................... 38 Electronic Access and Subscriptions ....................................................................... 40 March 2019 WASDE - 586 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2016/17 2661.94 3398.43 429.15 2602.67 795.76 2017/18 (Est.) 2615.40 3411.16 411.70 2598.54 812.62 filler filler filler filler filler 2018/19 (Proj.) Feb 2602.75 3414.85 427.40 2642.68 772.17 2018/19 (Proj.) Mar 2606.46 3419.09 425.07 2640.14 778.95 filler filler filler filler filler Wheat 2016/17 756.41 1000.79 183.35 739.84 260.95 2017/18 (Est.) 763.07 1024.02 181.23 744.40 279.61 filler filler filler filler filler 2018/19 (Proj.) Feb 734.75 1014.77 178.67 747.23 267.53 2018/19 (Proj.) Mar 733.00 1012.62 178.91 742.09 270.53 filler filler filler filler filler Coarse Grains 5/ 2016/17 1414.60 1764.12 198.61 1379.28 384.85 2017/18 (Est.) 1356.96 1741.81 183.34 1371.39 370.41 filler filler filler filler filler 2018/19 (Proj.) Feb 1372.14 1742.19 201.0 1 1405.18 337.01 2018/19 (Proj.) Mar 1371.89 1742.31 198.80 1406.08 336.23 filler filler filler filler filler Rice, milled 2016/17 490.94 633.52 47.19 483.55 149.97 2017/18 (Est.) 495.37 645.34 47.13 482.74 162.60 filler filler filler filler filler 2018/19 (Proj.) Feb 495.87 657.89 47.72 490.27 167.62 2018/19 (Proj.) Mar 501.57 664.16 47.37 491.97 172.19 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grai ns 4/ 2016/17 472.56 556.08 96.71 363.61 95.76 2017/18 (Est.) 437.43 541.26 94.58 357.92 88.76 filler filler filler filler filler 2018/19 (Proj.) Feb 438.33 534.93 95.31 362.34 77.28 2018/19 (Proj.) Mar 438.33 534.95 92.00 361.87 81.08 filler filler filler filler filler Wheat 2016/17 62.83 92.60 28.60 31.86 32.13 2017/18 (Est.) 47.38 83.80 24.52 29.36 29.91 filler filler filler filler filler 2018/19 (Proj.) Feb 51.29 85.00 27.22 30.29 27.50 2018/19 (Proj.) Mar 51.29 85.14 26.26 30.16 28.72 filler filler filler filler filler Coarse Grains 5/ 2016/17 402.61 454.15 64.46 327.52 62.17 2017/18 (Est.) 384.39 449.49 67.30 324.28 57.92 filler filler filler filler filler 2018/19 (Proj.) Feb 379.92 440.97 64.92 327.7 7 48.28 2018/19 (Proj.) Mar 379.92 440.84 62.63 327.43 50.78 filler filler filler filler filler Rice, milled 2016/17 7.12 9.34 3.65 4.23 1.46 2017/18 (Est.) 5.66 7.98 2.76 4.28 0.93 filler filler filler filler filler 2018/19 (Proj.) Feb 7.12 8.96 3.18 4.29 1.50 2018/19 (Proj.) Mar 7.12 8.97 3.11 4.29 1.58 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). March 2019 WASDE - 586 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2016/17 2,189.39 2,842.35 332.44 2,239.06 700.00 2017/18 (Est.) 2,177.97 2,869.90 317.12 2,240.62 723.86 filler filler filler filler filler 2018/19 (Proj.) Feb 2,164.42 2,879.92 332.09 2,280.34 694.89 2018/19 (Proj.) Mar 2,168.14 2,884.14 333.07 2,278.27 697.87 filler filler filler filler filler Wheat 2016/17 693.58 908.19 154.74 707.98 228.82 2017/18 (Est.) 715.69 940.22 156.71 715.04 249.71 filler filler filler filler filler 2018/19 (Proj.) Feb 683.46 929.76 151.45 716.94 240.04 2018/19 (Proj.) Mar 681.72 927.48 152.65 711.94 241.80 filler filler filler filler filler Coarse Grains 5/ 2016/17 1,011.99 1,309.98 134.15 1,051.76 322.68 2017/18 (Est.) 972.57 1,292.31 116.04 1,047.12 312.49 filler filler filler filler filler 2018/19 (Pr oj.) Feb 992.22 1,301.22 136.09 1,077.42 288.72 2018/19 (Proj.) Mar 991.97 1,301.47 136.17 1,078.65 285.45 filler filler filler filler filler Rice, milled 2016/17 483.82 624.18 43.55 479.32 148.51 2017/18 (Est.) 489.71 637.36 44.37 478.46 161.66 filler filler filler filler filler 2018/19 (Proj.) Feb 488.75 648.93 44.55 485.98 166.13 2018/19 (Proj.) Mar 494.45 655.19 44.25 487.69 170.62 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on expor t estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2016/17 106.66 197.00 37.91 116.18 80.40 2017/18 (Est.) 123.78 204.18 40.92 122.58 81.14 filler filler filler filler filler 2018/19 (Proj.) Feb 118.45 199.51 42.32 123.64 75.50 2018/19 (Proj.) Mar 118.89 200.04 42.18 123.59 76.09 filler filler filler filler filler United States 2016/17 17.17 20.98 14.92 3.25 2.75 2017/18 (Est.) 20.92 23.68 15.85 3.23 4.30 filler filler filler filler filler 2018/19 (Proj.) Feb 18.39 22.70 15.00 3.20 4.30 2018/19 (Proj.) Mar 18.39 22.70 15.00 3.20 4.30 filler filler filler filler filler Foreign 4/ 2016/17 89.49 176.02 22.99 112.93 77.65 2017/18 (Est.) 102.86 180.50 25.07 119.35 76.84 filler filler filler filler filler 2018/19 (Proj.) Feb 100.06 176.81 27.32 120.44 71.20 2018/19 (Proj.) Mar 100.50 177.34 27.18 120.39 71.79 filler filler filler filler filler 1/ Market ing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. March 2019 WASDE - 586 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2016/17 572.85 666.81 170.61 467.29 109.58 2017/18 (Est.) 576.23 685.80 176.30 482.99 114.77 filler filler filler filler filler 2018/19 (Proj.) Feb 593.26 707.34 178.34 495.37 120.92 2018/19 (Proj.) Mar 593.03 707.80 178.16 494.84 121.71 filler filler filler filler filler Oilmeals 2016/17 319.76 336.92 88.18 316.79 16.71 2017/18 (Est.) 330.46 347.16 87.88 328.27 15.73 filler filler filler filler filler 2018/19 (Proj.) Feb 338.79 354.39 91.28 334.98 15.61 2018/19 (Proj.) Mar 337.86 353.59 91.54 334.76 15.33 filler filler filler filler filler Vegetable Oi ls 2016/17 188.41 209.65 81.23 183.83 19.96 2017/18 (Est.) 197.97 217.93 79.51 192.19 20.90 filler filler filler filler filler 2018/19 (Proj.) Feb 203.85 224.74 84.50 198.19 21.31 2018/19 (Proj.) Mar 203.93 224.83 84.67 198.66 21.05 filler filler filler filler filler United States Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2016/17 126.94 135.31 60.08 56.26 9.60 2017/18 (Est.) 131.48 142.50 59.19 60.17 13.83 filler filler filler filler filler 2018/19 (Proj.) Feb 134.00 149.07 52.21 61.27 26.49 2018/19 (Proj.) Mar 134.00 149.07 52.26 61.53 26.20 filler filler filler filler filler Oilmeals 2016/17 43.11 47.31 10.83 36.08 0.41 2017/18 (Est.) 47.02 51.17 13.04 37.57 0.56 filler filler filler filler filler 2018/19 (Proj.) Feb 47.06 51.41 12.84 38.11 0.46 2018/19 (Proj.) Mar 47.07 51.51 12.83 38.21 0.47 filler filler filler filler filler Vegetable Oils 2016/17 11.43 17.37 1.42 14.72 1.23 2017/18 (Est.) 12.11 18.12 1.35 15.54 1.24 filler filler filler filler filler 2018/19 (Proj.) Feb 12.48 18.68 1.28 16.02 1.38 2018/19 (Proj.) Mar 12.54 18.60 1.28 15.98 1.33 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2016/17 445.91 531.49 110.53 411.03 99.98 2017/18 (Est.) 444.74 543.30 117.11 422.83 100.94 filler filler filler filler filler 2018/19 (Proj.) Feb 459.25 558.26 126.13 434.10 94.43 2018/19 (Proj.) Mar 459.03 558.73 125.90 433.32 95.51 filler filler filler filler filler Oilmeals 2016/17 276.65 289.61 77.35 280.71 16.30 2017/18 (Est.) 283.44 295.99 74.84 290.70 15.17 filler filler filler filler filler 2018/19 (Proj.) Feb 291.73 302.98 78.44 296.87 15.15 2018/19 (Proj.) Mar 290.79 302.08 78.71 296.55 14.86 filler filler filler filler filler Vegetable Oils 2016/17 176.97 192.28 79.82 169.11 18.72 2017/18 (Est.) 185.87 199.81 78.16 176.65 19.66 filler filler filler filler filler 2018/19 (Pro j.) Feb 191.37 206.06 83.22 182.17 19.92 2018/19 (Proj.) Mar 191.40 206.23 83.39 182.68 19.71 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. March 2019 WASDE - 586 - 11 U.S. Wheat Supply and Use 1/ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Feb Mar Million Acres Area Planted 50.1 46.1 47.8 47.8 Area Harvested 43.8 37.6 39.6 39.6 Bushels Yield per Harvested Acre 52.7 46.4 47.6 47.6 Million Bushels Beginning Stocks 976 1,181 1,099 1,099 Production 2,309 1,741 1,884 1,884 Imports 118 157 140 145 Supply, Total 3,402 3,079 3,123 3,128 Food 949 964 970 965 Seed 61 63 63 63 Feed and Residual 160 51 80 80 Domestic, Total 1,171 1,079 1,113 1,108 Exports 1,051 901 1,000 965 Use, Total 2,222 1,980 2,113 2,073 Ending Stocks 1,181 1,099 1,010 1,055 Avg. Farm Price ($/bu) 2/ 3.89 4.72 5.05 - 5.25 5.10 - 5.20 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2017/18 (Est.) Beginning Stocks 589 235 215 105 36 1,181 Production 750 384 293 259 55 1,741 Supply, Total 3/ 1,346 707 513 371 142 3,079 Domestic Use 394 288 217 91 90 1,079 Exports 371 228 91 193 18 901 Use, Total 765 516 308 284 107 1,980 Ending Stocks, Total 581 191 205 87 35 1,099 2018/19 (Proj.) Beginning Stocks 581 191 205 87 35 1,099 Production 662 587 286 272 77 1,884 Supply, Total 3/ 1,249 850 497 365 167 3,128 Domestic Use 434 286 204 96 88 1,108 Exports 320 275 130 210 30 965 Use, To tal 754 561 334 306 118 2,073 Ending Stocks, Total Mar 495 289 163 59 49 1,055 Ending Stocks, Total Feb 491 262 163 49 45 1,010 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted a verage price received by farmers. 3/ Includes imports. March 2019 WASDE - 586 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Feb Mar Million Acres Area Planted 106.6 100.9 100.1 100.1 Area Harvested 96.5 90.5 89.6 89.6 Metric Tons Yield per Harvested Acre 4.17 4.24 4.24 4.24 Million Metric Tons Beginning Stocks 48.1 62.1 57.9 57.9 Production 402.3 384.1 379.7 379.7 Imports 3.3 2.7 2.9 2.7 Supply, Total 453.6 449.0 440.5 440.4 Feed and Residual 144.6 138.5 141.2 141.6 Food, Seed & Industrial 182.4 185.3 186.1 185.4 Domestic, Total 327.0 323.8 327.3 327.0 Exports 64.5 67.3 64.9 62.6 Use, Total 391.5 391.1 392.2 389.6 Ending Stocks 62.1 57.9 48.3 50.8 CORN 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. February March Million Acres Area Planted 94.0 90.2 89.1 89.1 Area Harvested 86.7 82.7 81.7 81.7 Bushels Yield per Harvested Acre 174.6 176.6 176.4 176.4 Million Bushels Beginning Stocks 1,737 2,293 2,140 2,140 Production 15,148 14,609 14,420 14,420 Imports 57 36 40 40 Supply, Total 16,942 16,939 16,600 16,600 Feed and Residual 5,470 5,304 5,375 5,375 Food, Seed & Industrial 2/ 6,885 7,056 7,040 7,015 Ethanol & by -products 3/ 5,432 5,605 5,575 5,550 Domestic, Total 12,355 12,360 12,415 12,390 Exports 2,294 2,438 2,450 2,375 Use, Total 14,649 14,799 14,865 14,765 Ending Stocks 2,293 2,140 1,735 1,835 Avg. Farm Pr ice ($/bu) 4/ 3.36 3.36 3.35 - 3.85 3.35 - 3.75 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by -products including distillers' grains, corn gluten feed, corn gluten me al, and corn oil. 4/ Marketing - year weighted average price received by farmers. March 2019 WASDE - 586 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Feb Mar Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 6.7 5.6 5.7 5.7 Area Harvested (mil. acres) 6.2 5.0 5.1 5.1 Yield (bushels/acre) 77.9 71.7 72.1 72.1 Beginning Stocks 37 33 35 35 Production 480 362 365 365 Imports 2 2 0 0 Supply, Total 519 397 400 400 Feed and Residual 133 97 125 145 Food, Seed & Industrial 115 60 110 105 Total Domestic 247 157 235 250 Exports 238 205 100 85 Use, Total 485 362 335 335 Ending Stocks 33 35 65 65 Avg. Farm Price ($/bu) 2/ 2.79 3.22 3.10 - 3.60 3.10 - 3.50 Filler Filler Filler Filler Filler BARLEY 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. February March Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.1 2.5 2.5 2.5 Area Harves ted (mil. acres) 2.6 2.0 2.0 2.0 Yield (bushels/acre) 77.9 73.0 77.4 77.4 Beginning Stocks 102 106 94 94 Production 200 143 153 153 Imports 10 9 10 8 Supply, Total 312 259 258 256 Feed and Residual 39 2 5 5 Food, Seed & Industrial 162 157 155 155 Total Domestic 201 159 160 160 Exports 4 5 5 5 Use, Total 205 164 165 165 Ending Stocks 106 94 93 91 Avg. Farm Price ($/bu) 2/ 4.96 4.47 4.35 - 4.85 4.35 - 4.85 Filler Filler Filler Filler Filler OATS 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. February March Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.8 2.6 2.7 2.7 Area Harvested (mil. acres) 1.0 0.8 0.9 0.9 Yield (bushels/acre) 66.0 61.7 64.9 64.9 Beginning Stocks 57 50 41 41 Production 65 50 56 56 Imports 90 89 95 90 Supply, Total 212 189 192 187 Feed and Residual 82 68 75 70 Food, Seed & Industrial 76 78 79 79 Total Domestic 158 146 154 149 Exports 3 2 2 2 Use, Total 161 148 156 151 Ending Stocks 50 41 36 36 Avg. Farm Price ($/bu) 2/ 2.06 2.59 2.50 - 2.80 2.55 - 2.75 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. March 2019 WASDE - 586 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Feb Mar Million Acres Area Pl anted 3.15 2.46 2.95 2.95 Area Harvested 3.10 2.37 2.92 2.92 Filler Pounds Yield per Harvested Acre 7,237 7,507 7,692 7,692 Million Hundredweight Beginning Stocks 2/ 46.5 46.0 29.4 29.4 Production 224.1 178.2 224.2 224.2 Imports 23.5 26.9 28.5 29.0 Supply, Total 294.1 251.2 282.1 282.6 Domestic & Residual 3/ 133.2 134.8 135.0 135.0 Exports, Total 4/ 114.8 87.0 100.0 98.0 Rough 40.4 28.6 33.0 33.0 Milled (rough equiv.) 74.4 58.4 67.0 65.0 Use, Total 248.0 221.8 235.0 233.0 Ending Stocks 46.0 29.4 47.1 49.6 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 10.40 12.90 11.60 - 12.60 11.70 - 12.70 Total LONG -GRAIN RICE 2016/17 2017/18 Est. 2018/19 Proj. 2018 /19 Proj. February March Harvested Acres (mil.) 2.40 1.75 2.18 2.18 Yield (pounds/acre) 6,927 7,314 7,517 7,517 Beginning Stocks 22.7 31.0 20.3 20.3 Production 166.5 127.9 164.0 164.0 Supply, Total 7/ 209.4 182.2 207.8 207.8 Dome stic & Residual 3/ 101.8 98.6 105.0 105.0 Exports 8/ 76.6 63.3 68.0 68.0 Use, Total 178.4 161.9 173.0 173.0 Ending Stocks 31.0 20.3 34.8 34.8 Avg. Farm Price ($/cwt) 6/ 9.61 11.50 10.20 - 11.20 10.40 - 11.20 Filler Filler Filler Filler Filler MEDIUM & SHORT -GRAIN RICE 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. February March Harvested Acres (mil.) 0.69 0.63 0.73 0.73 Yield (pounds/acre) 8,311 8,048 8,209 8,209 Beginning Stocks 20.9 11.5 7.6 7.6 Production 57.7 50.4 60.3 60.3 Supply, Total 7/ 81.1 67.5 72.9 73.4 Domestic & Residual 3/ 31.4 36.2 30.0 30.0 Exports 8/ 38.2 23.7 32.0 30.0 Use, Total 69.6 59.9 62.0 60.0 Ending Stocks 11.5 7.6 10.9 13.4 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 13.10 17.00 16.00 - 17.00 16.10 - 16.90 California 10/ 14.10 20.10 17.80 - 18.80 17.80 - 18.80 Other States 1/ 10.10 11.70 11.70 - 12.70 11.80 - 12.60 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing ye ar beginning August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2015/16 -2.9; 2016/17- 3.5; 2017/18 -1.4. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and endin g stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis . 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing -year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short -grain season -average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the preliminary California SAFP forecast and the final price has averaged $0.98 per cwt from 2014/15- 2017/18, with a high of $3.50 per cwt in 2017/18 and a low of -$0.20 per cwt in 2015/16. 10/ Marketing year beginning October 1. March 2019 WASDE - 586 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Feb Mar Filler Filler Filler Filler Filler Million Acres Area Planted 83.5 90.2 89.2 89.2 Area Harvested 82.7 89.5 88.1 88.1 Filler Bushels Yield per Harvested Acre 51.9 49.3 51.6 51.6 Million Bushels Beginning Stocks 197 302 438 438 Production 4,296 4,412 4,544 4,544 Imports 22 22 20 20 Supply, Total 4,516 4,735 5,002 5,002 Crushings 1,901 2,055 2,090 2,100 Exports 2,166 2,129 1,875 1,875 Seed 105 104 96 96 Residual 42 9 31 31 Use, Tot al 4,214 4,297 4,092 4,102 Ending Stocks 302 438 910 900 Avg. Farm Price ($/bu) 2/ 9.47 9.33 8.10 - 9.10 8.10 - 9.10 Total SOYBEAN OIL 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. February March Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,687 1,711 1,990 1,990 Production 4/ 22,123 23,767 24,455 24,570 Imports 319 335 300 300 Supply, Total 24,129 25,814 26,745 26,860 Domestic Disappearance 19,862 21,376 22,400 22,600 Biodiesel 3/ 6,200 7,134 8,000 8,200 Food, Feed & other Industrial 13,662 14,243 14,400 14,400 Exports 2,556 2,447 2,250 2,250 Use, Total 22,418 23,824 24,650 24,850 Ending stocks 1,711 1,990 2,095 2,010 Avg. Price (c/lb) 2/ 32.48 30.04 28.50 - 31.50 28.50 - 31.50 Total SOYBEAN MEAL 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. February March Filler 1 2 3 4 Thousand Short Tons Beginning Stocks 264 401 553 553 Production 4/ 44,787 49,216 49,147 49,147 Imports 350 495 350 450 Supply, Total 45,400 50,112 50,050 50,150 Domestic Disappearance 33,420 35,502 35,850 35,950 Exports 11,580 14,057 13,750 13,750 Use, Total 45,000 49,559 49,600 49,700 Ending Stocks 401 553 450 450 Avg. Price ($/s.t.) 2/ 316.88 345.02 295.00 - 335.00 295.00 - 335.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based o n an October year crush of 2,079 million bushels for 2017/18 and 2,100 million bushels for 2018/19. March 2019 WASDE - 586 - 16 U.S. Sugar Supply and Use 1/ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Feb Mar Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 2,054 1,876 2,008 2,008 Production 2/ 8,969 9,293 9,017 9,103 Beet Sugar 5,103 5,279 4,900 5,004 Cane Sugar 3,866 4,014 4,117 4,099 Florida 2,055 1,983 2,091 2,078 Hawaii 43 0 0 0 Louisiana 1,628 1,862 1,875 1,875 Texas 140 169 150 145 Imports 3,244 3,277 3,076 2,862 TRQ 3/ 1,611 1,663 1,560 1,560 Other Program 4/ 419 326 350 350 Other 5/ 1,213 1,287 1,165 952 Mexico 1,201 1,223 1,120 897 Total Supply 14,267 14,445 14,100 13,973 Exports 95 170 35 35 Deliveries 12,258 12,185 12,270 12,270 Food 6/ 12,102 12,048 12,125 12,125 Other 7/ 156 137 145 145 Miscellaneous 38 82 0 0 Total Use 12,391 12,438 12,305 12,305 Ending Stocks 1,876 2,008 1,795 1,668 Stocks to Use Ratio 15.1 16.1 14.6 13.6 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2017/18 and 2018/19 are based on Crop Production and processor projections where appropriate. 3/ For 2017/18, WTO raw sugar TRQ shortfall (268) and for 2018/19 (99). 4/ Composed of sugar under the re - export and polyhydric alcohol programs. 5/ Imports from Mexico; and high -tier tariff sugar and syrups not otherwise specified -- for 2017/18 (64) and 2018/19 (55). 6/ After 2014/15, SMD deliveries for domestic human food use and for miscellaneous uses repor ted separately. 7/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE -reported deliveries: 2016/17 -- 389; estimated 2017/18 -- 278; projected 2018/19 -- 324. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2017/18 Est. Feb 1,002 6,010 204 4,723 1,099 1,395 2017/18 Est. Mar 1,002 6,010 204 4,723 1,099 1,395 2018/19 Proj. Feb 1,395 6,025 70 4,893 1,266 1,330 2018/19 Proj. Mar 1,395 6,152 70 5,095 1,102 1,420 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): Oct -Sep 2016/17 = 1,522; Estimated 2017/18 = 1,593; Oct-Jan 2018 = 513; Projected 2018/19 = 1,555; Oct -Jan 2019 = 468. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2017/18 (482 est); 2018/19 (480). Other Deliveries/Ending Year Statistica l Adjustments: 2017/18 (29), 2018/19 (13). March 2019 WASDE - 586 - 17 U.S. Cotton Supply and Use 1/ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Feb Mar Filler Filler Filler Filler Filler Area Million Ac res Planted 10.07 12.72 14.10 14.10 Harvested 9.51 11.10 10.53 10.53 Filler Pounds Yield per Harvested Acre 867 905 838 838 Million 480 Pound Bales Beginning Stocks 3.80 2.75 4.30 4.30 Production 17.17 20.92 18.39 18.39 Imports 0.01 0.00 0.01 0.01 Supply, Total 20.98 23.68 22.70 22.70 Domestic Use 3.25 3.23 3.20 3.20 Exports, Total 14.92 15.85 15.00 15.00 Use, Total 18.17 19.07 18.20 18.20 Unaccounted 2/ 0.06 0.30 0.20 0.20 Ending Stocks 2.75 4.30 4.30 4.30 Avg. Farm Price 3/ 68.0 68.6 71.00 - 73.00 69.00 - 71.00 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. March 2019 WASDE - 586 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Dom estic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 244.38 756.41 178.92 147.56 739.84 183.35 260.95 United States 26.55 62.83 3.21 4.37 31.86 28.60 32.13 Total Foreign 217.83 693.58 175.71 143.20 707.98 154.74 228.82 Major Exporters 4/ 25.34 227.73 5.96 65.87 151.40 84.05 23.57 Argentina 0.82 18.40 0.00 0.05 5.15 13.83 0.25 Australia 3.85 31.82 0.15 4.00 7.45 22.64 5.73 Canada 5.18 32.14 0.50 5.82 10.80 20.16 6.86 European Union 5/ 15.49 145.37 5.30 56.00 128.00 27.43 10.73 Major Importers 6/ 142.25 203.51 96.34 36.78 277.96 5.48 158.65 Brazil 1.00 6.73 7.35 0.80 12.20 0.62 2.26 China 97.00 133.27 4.41 17.00 119.00 0.75 114.93 Sel. Mideast 7/ 16.67 19.16 18.11 4.44 37.75 0.53 15.67 N. Africa 8/ 16.63 13.96 28.30 2.35 44.55 0.57 13.77 Pakistan 3.82 25.63 0.00 0.80 24.50 0.60 4.35 Southeast Asia 9/ 5.19 0.00 26.89 9.89 25.47 1.02 5.60 Selected Other India 14.54 87.00 5.90 4.70 97.12 0.52 9.80 FSU-12 16.98 130.09 7.24 27.62 78.65 54.42 21.23 Russia 5.61 72.53 0.50 17.00 40.00 27.81 10.83 Kazakhstan 2.60 14.99 0.08 2.10 6.90 7.40 3.36 Ukraine 3.35 26.79 0.04 3.60 10.30 18.11 1.77 2017/18 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 260.95 763.07 179.14 147.90 744.40 181.23 279.61 United States 32.13 47.38 4.28 1.39 29.36 24.52 29.91 Total Foreign 228.82 715.69 174.86 146.51 715.04 156.71 249.71 Major Exporters 4/ 23.57 221.05 6.44 66.57 152.94 71.25 26.86 Argentina 0.25 18.50 0.00 0.05 5.65 12.16 0.94 Australia 5.73 21.30 0.16 4.00 7.48 13.85 5.87 Canada 6.86 29.98 0.45 4.52 9.42 21.95 5.92 European Union 5/ 10.73 151.26 5.82 58.00 130.40 23.29 14.13 Major Importers 6/ 158.65 207.37 93.73 36.45 281.72 6.50 171.53 Brazil 2.26 4.26 7.02 0.50 12.00 0.23 1.31 China 114.93 134.33 4.00 17.50 121.00 1.00 131.26 Sel. Mideast 7/ 15.67 18.38 18.27 5.11 38.91 0.78 12.64 N. Africa 8/ 13.77 19.25 27.45 2.25 45.13 0.83 14.51 Pakistan 4.35 26.67 0.00 1.00 25.00 1.20 4.83 Southeast Asia 9/ 5.60 0.00 25.87 8.94 25.39 1.04 5.03 Selected Other India 9.80 98.51 1.17 5.00 95.83 0.44 13.20 FSU-12 21.23 142.27 8.22 30.66 81.76 69.12 20.84 Russia 10.83 84.99 0.47 20.00 43.00 41.42 11.87 Kazakhstan 3.36 14.80 0.10 2.10 6.90 9.00 2.37 Ukraine 1.77 26.98 0.06 3.30 9.80 17.78 1.24 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to diff erences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2019 WASDE - 586 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Feb 280.02 734.75 176.24 143.19 747.23 178.67 267.53 Mar 279.61 733.00 176.53 142.07 742.09 178.91 270.53 United States Feb 29.91 51.29 3.81 2.18 30.29 27.22 27.50 Mar 29.91 51.29 3.95 2.18 30.16 26.26 28.72 Total Foreign Feb 250.11 683.46 172.43 141.02 716.94 151.45 240.04 Mar 249.71 681.72 172.59 139.89 711.94 152.65 241.80 Major Exporters 4/ Feb 27.12 205.60 7.11 62.85 148.95 70.00 20.88 Mar 26.86 206.20 6.81 62.55 148.65 71.20 20.02 Argentina Feb 0.94 19.20 0.01 0.05 5.65 14.00 0.50 Mar 0.94 19.50 0.01 0.05 5.65 14.20 0.60 Australia Feb 5.87 17.00 0.15 5.50 9.00 10.00 4.02 Mar 5.87 17.30 0.15 5.70 9.20 10.00 4.12 Canada Feb 6.18 31.80 0.45 4.30 9.30 24.00 5.13 Mar 5.92 31.80 0.45 4.30 9.30 24.00 4.87 European Union 5/ Feb 14.13 137.60 6.50 53.00 125.00 22.00 11.23 Mar 14.13 137.60 6.20 52.50 124.50 23.00 10.43 Major Importers 6/ Feb 171.63 206.32 91.36 37.98 287.31 7.05 174.95 Mar 171.53 205.14 92.76 37.68 287.09 7.06 175.28 Brazil Feb 1.31 5.43 7.50 0.50 12.10 0.50 1.64 Mar 1.31 5.43 7.50 0.50 12.10 0.80 1.34 China Feb 131.26 131.43 3.50 20.00 125.00 1.20 139.99 Mar 131.26 131.43 3.50 20.00 125.00 1.20 139.99 Sel. Mideast 7/ Feb 12.62 18.91 18.25 5.11 39.64 0.64 9.50 Mar 12.64 17.91 18.45 4.71 39.04 0.64 9.32 N. Africa 8/ Feb 14.63 21.18 25.70 2.25 45.90 0.69 14.93 Mar 14.51 21.01 26.70 2.25 46.08 0.70 15.44 Pakistan Feb 4.83 25.50 0.01 1.20 25.30 1.70 3.33 Mar 4.83 25.50 0.01 1.20 25.30 1.70 3.33 Southeast Asia 9/ Feb 5.03 0.00 25.00 7.94 25.14 1.06 3.83 Mar 5.03 0.00 25.50 8.04 25.34 1.06 4.13 Selected Other India Feb 13.20 99.70 0.20 5.00 98.00 0.50 14.60 Mar 13.20 99.70 0.10 5.00 95.00 0.50 17.50 FSU-12 Feb 20.88 126.05 8.16 27.76 78.44 63.03 13.63 Mar 20.84 124.78 8.56 27.28 77.97 63.03 13.19 Russia Feb 11.87 71.60 0.50 18.00 40.50 37.00 6.47 Mar 11.87 71.69 0.50 18.00 40.50 37.00 6.55 Kazakhstan Feb 2.37 15.00 0.06 2.20 7.00 8.50 1.93 Mar 2.37 13.95 0.06 1.80 6.60 8.50 1.27 Ukraine Feb 1.24 25.00 0.03 2.40 8.70 16.50 1.06 Mar 1.24 25.00 0.06 2.40 8.70 16.50 1.10 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differen ces in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tuni sia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2019 WASDE - 586 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Feed Dome stic Total 2/ Exports Ending Stocks World 3/ 349.52 1,414.60 172.61 823.15 1,379.28 198.61 384.85 United States 48.11 402.61 3.43 144.73 327.52 64.46 62.17 Total Foreign 301.41 1,011.99 169.18 678.42 1,051.76 134.15 322.68 Major Exporters 4/ 18.07 212.15 2.45 90.23 121.44 77.89 33.35 Argentina 3.27 48.57 0.01 10.77 16.04 29.11 6.70 Australia 1.50 17.27 0.00 4.22 6.09 10.02 2.65 Brazil 7.01 101.58 1.55 53.45 64.03 31.61 14.49 Canada 4.97 26.62 0.79 14.26 21.97 4.85 5.56 Major Importers 5/ 45.20 241.04 120.79 275.11 357.93 11.05 38.05 European Union 6/ 15.74 152.83 15.56 119.87 160.84 8.09 15.20 Japan 1.76 0.18 17.00 13.26 17.25 0.00 1.69 Mexico 5.84 33.26 15.29 27.95 46.85 1.54 6.00 N. Afr & Mideast 7/ 10.49 24.90 34.17 54.69 62.49 0.16 6.92 Saudi Arabia 4.40 0.25 11.53 13.22 13.62 0.00 2.56 Southeast Asia 8/ 4.37 29.35 13.68 34.97 42.94 1.27 3.19 South Korea 1.95 0.20 9.31 7.07 9.64 0.00 1.81 Selected Other China 213.33 270.93 16.06 196.90 275.95 0.11 224.25 FSU-12 6.32 92.74 0.76 41.04 56.36 36.52 6.94 Russia 1.67 40.77 0.28 22.48 32.08 8.57 2.07 Ukraine 3.17 39.22 0.04 9.06 12.53 26.89 3.01 2017/18 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 384.85 1,356.96 187.69 836.12 1,371.39 183.34 370.41 United States 62.17 384.39 2.94 138.62 324.28 67.30 57.92 Total Foreign 322.68 972.57 184.76 697.50 1,047.12 116.04 312.49 Major Exporters 4/ 33.35 176.11 3.73 96.02 127.94 62.37 22.88 Argentina 6.70 39.32 0.01 12.28 18.01 22.23 5.78 Australia 2.65 11.91 0.00 3.94 5.81 6.84 1.91 Braz il 14.49 85.06 1.55 57.70 68.18 25.41 7.51 Canada 5.56 26.24 1.77 15.43 23.27 5.78 4.53 Major Importers 5/ 38.05 244.29 133.97 283.38 367.19 10.01 39.10 European Union 6/ 15.20 152.49 19.35 121.15 162.67 7.92 16.46 Japan 1.69 0.19 17.58 13.75 17.75 0.00 1.71 Mexico 6.00 33.07 16.36 29.20 48.21 0.96 6.26 N. Afr & Mideast 7/ 6.92 28.64 39.15 59.10 67.01 0.13 7.56 Saudi Arabia 2.56 0.26 12.08 12.28 12.80 0.00 2.10 Southeast Asia 8/ 3.19 29.37 14.74 35.87 43.99 1.01 2.31 South Korea 1.81 0.20 10.19 7.80 10.31 0.00 1.90 Selected Other China 224.25 266.57 16.43 199.12 283.98 0.06 223.21 FSU-12 6.94 88.98 0.74 39.68 54.76 35.94 5.96 Russia 2.07 41.71 0.13 21.57 31.02 11.51 1.39 Ukraine 3.01 34.07 0.05 8.44 11.82 22.50 2.81 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed g rains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4 / Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middl e East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, M orocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2019 WASDE - 586 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Feb 370.06 1,372.14 193.68 851.65 1,405.18 201.01 337.01 Mar 370.41 1,371.89 193.39 855.24 1,406.08 198.80 336.23 United States Feb 57.92 379.92 3.13 141.28 327.77 64.92 48.28 Mar 57.92 379.92 3.00 141.70 327.43 62.63 50.78 Total Foreign Feb 312.14 992.22 190.55 710.37 1,077.42 136.09 288.72 Mar 312.49 991.97 190.39 713.54 1,078.65 136.17 285.45 Major Exporters 4/ Feb 23.05 200.32 3.07 95.38 128.60 75.00 22.84 Mar 22.88 200.14 3.56 96.35 129.18 74.80 22.60 Argentina Feb 5.08 53.92 0.01 12.55 18.31 32.31 8.39 Mar 5.78 53.92 0.01 12.55 18.31 33.31 8.09 Australia Feb 1.91 10.65 0.00 2.84 4.89 6.52 1.16 Mar 1.91 10.90 0.00 3.49 5.54 5.32 1.96 Brazil Feb 8.41 97.42 1.55 58.59 70.04 29.02 8.33 Mar 7.51 97.42 1.55 58.59 70.04 29.02 7.43 Canada Feb 4.53 26.24 1.31 15.54 23.02 5.55 3.51 Mar 4.53 26.24 1.81 15.84 23.32 5.55 3.71 Major Importers 5/ Feb 39.13 240.25 140.49 293.66 377.11 8.93 33.83 Mar 39.10 239.88 141.24 294.56 378.01 8.93 33.28 European Union 6/ Feb 16.46 146.90 22.41 124.80 165.77 6.95 13.04 Mar 16.46 146.96 22.91 125.60 166.57 6.95 12.80 Japan Feb 1.71 0.18 17.27 13.52 17.51 0.00 1.65 Mar 1.71 0.18 17.27 13.52 17.51 0.00 1.65 Mexico Feb 6.26 31.29 17.31 30.72 49.94 1.00 3.92 Mar 6.26 31.29 17.31 30.72 49.94 1.00 3.92 N. Afr & Mideast 7/ Feb 7.59 31.86 38.25 61.27 69.24 0.20 8.25 Mar 7.56 31.43 38.50 61.37 69.34 0.20 7.94 Saudi Arabia Feb 2.10 0.29 13.51 13.45 13.93 0.00 1.98 Mar 2.10 0.29 13.51 13.45 13.93 0.00 1.98 Southeast Asia 8/ Feb 2.31 29.46 17.16 37.46 45.56 0.79 2.59 Mar 2.31 29.46 17.16 37.46 45.56 0.79 2.59 South Korea Feb 1.90 0.20 10.39 8.11 10.62 0.00 1.87 Mar 1.90 0.20 10.39 8.11 10.62 0.00 1.87 Selected Other China Feb 223.21 265.14 14.85 203.80 294.78 0.07 208.34 Mar 223.21 265.14 13.35 205.30 296.28 0.09 205.32 FSU-12 Feb 5.96 93.27 0.74 37.11 51.17 43.33 5.47 Mar 5.96 93.38 0.74 36.62 50.68 43.60 5.81 Russia Feb 1.39 34.67 0.13 18.60 27.17 7.96 1.06 Mar 1.39 35.00 0.13 18.60 27.17 7.96 1.39 Ukraine Feb 2.81 43.99 0.04 8.42 11.67 32.51 2.66 Mar 2.81 43.99 0.04 7.92 11.17 33.01 2.66 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adju sted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indon esia, Malaysia, Philippines, Thailand, and Vietnam. March 2019 WASDE - 586 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 311.44 1,123.30 135.59 656.07 1,084.12 160.05 350.63 United States 44.12 384.78 1.45 138.94 313.83 58.27 58.25 Total Foreign 267.32 738.53 134.14 517.13 770.29 101.78 292.38 Major Exporters 4/ 9.31 157.05 0.87 65.96 84.36 59.88 22.99 Argentina 1.45 41.00 0.01 7.50 11.20 25.99 5.27 Brazil 6.77 98.50 0.85 51.00 60.50 31.60 14.02 South Africa 1.10 17.55 0.00 7.46 12.66 2.29 3.70 Major Importers 5/ 22.61 124.90 80.39 147.78 201.04 5.00 21.87 Egypt 2.22 6.00 8.77 12.70 15.10 0.01 1.89 European Union 6/ 6.93 61.88 14.97 55.00 74.00 2.19 7.60 Japan 1.35 0.00 15.17 11.60 15.20 0.00 1.32 Mexico 5.16 27.58 14.61 22.50 40.40 1.54 5.41 Southeast Asia 7/ 4.36 29.30 13.48 34.90 42.70 1.26 3.18 South Korea 1.94 0.08 9.22 7.03 9.44 0.00 1.80 Selected Other 0.00 Canada 2.45 13.89 0.71 7.50 12.95 1.52 2.57 China 212.02 263.61 2.46 185.00 255.00 0.08 223.02 FSU-12 2.60 47.79 0.35 17.67 20.51 27.16 3.07 Ukraine 1.39 27.97 0.03 5.10 6.50 21.33 1.55 2017/18 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 350.63 1,076.23 149.99 671.42 1,085.71 146.59 341.16 United States 58.25 371.10 0.92 134.73 313.97 61.94 54.37 Total Foreign 292.38 705.14 149.07 536.69 771.74 84.66 286.79 Major Exporters 4/ 22.99 127.10 1.31 70.10 89.00 47.80 14.60 Argentina 5.27 32.00 0.01 8.50 12.40 20.30 4.58 Brazil 14.02 82.00 1.00 55.00 64.50 25.40 7.12 South Africa 3.70 13.10 0.30 6.60 12.10 2.10 2.90 Major Importers 5/ 21.87 125.42 88.50 154.40 208.25 3.72 23.82 Egypt 1.89 6.40 9.46 13.40 15.90 0.01 1.84 European Union 6/ 7.60 62.10 18.41 57.00 76.50 1.75 9.86 Japan 1.32 0.00 15.67 12.00 15.60 0.00 1.39 Mexico 5.41 27.45 16.13 24.30 42.30 0.96 5.73 Southeast Asia 7/ 3.18 29.32 14.40 35.80 43.60 1.00 2.30 South Korea 1.80 0.07 10.02 7.70 10.00 0.00 1.89 Selected Other 0.00 Canada 2.57 14.10 1.70 8.40 14.06 1.94 2.37 China 223.02 259.07 3.46 187.00 263.00 0.02 222.53 FSU-12 3.07 42.19 0.45 16.47 19.17 24.03 2.52 Ukraine 1.55 24.12 0.04 4.90 6.20 18.04 1.47 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra -trade. 7/ Indon esia, Malaysia, Philippines, Thailand, and Vietnam. March 2019 WASDE - 586 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Feb 340.81 1,099.61 159.71 698.06 1,130.64 167.36 309.78 Mar 341.16 1,101.16 160.81 702.95 1,133.79 166.96 308.53 United States Feb 54.37 366.29 1.02 136.53 315.36 62.23 44.08 Mar 54.37 366.29 1.02 136.53 314.72 60.33 46.62 Total Foreign Feb 286.44 733.32 158.70 561.53 815.29 105.13 265.70 Mar 286.79 734.87 159.80 566.42 819.07 106.63 261.91 Major Exporters 4/ Feb 14.82 152.00 1.11 71.50 92.00 59.60 16.32 Mar 14.60 151.50 1.11 71.50 91.60 60.60 15.00 Argentina Feb 3.88 46.00 0.01 9.70 13.80 29.00 7.08 Mar 4.58 46.00 0.01 9.70 13.80 30.00 6.78 Brazil Feb 8.02 94.50 1.00 56.00 66.50 29.00 8.02 Mar 7.12 94.50 1.00 56.00 66.50 29.00 7.12 South Africa Feb 2.92 11.50 0.10 5.80 11.70 1.60 1.22 Mar 2.90 11.00 0.10 5.80 11.30 1.60 1.10 Major Importers 5/ Feb 23.82 122.68 94.20 165.00 218.70 3.29 18.71 Mar 23.82 122.84 94.70 165.80 219.50 3.29 18.57 Egypt Feb 1.84 6.80 9.70 13.70 16.20 0.01 2.13 Mar 1.84 6.80 9.70 13.70 16.20 0.01 2.13 European Union 6/ Feb 9.86 60.72 21.00 64.20 83.20 1.50 6.88 Mar 9.86 60.88 21.50 65.00 84.00 1.50 6.74 Japan Feb 1.39 0.00 15.50 11.90 15.50 0.00 1.40 Mar 1.39 0.00 15.50 11.90 15.50 0.00 1.40 Mexico Feb 5.73 25.60 16.70 25.50 43.70 1.00 3.33 Mar 5.73 25.60 16.70 25.50 43.70 1.00 3.33 Southeast Asia 7/ Feb 2.30 29.41 17.00 37.40 45.35 0.78 2.58 Mar 2.30 29.41 17.00 37.40 45.35 0.78 2.58 South Korea Feb 1.89 0.08 10.20 8.00 10.30 0.00 1.86 Mar 1.89 0.08 10.20 8.00 10.30 0.00 1.86 Selected Other Canada Feb 2.37 13.90 1.20 8.50 13.90 1.60 1.97 Mar 2.37 13.90 1.70 8.80 14.20 1.60 2.17 China Feb 222.53 257.33 5.00 195.00 277.00 0.05 207.81 Mar 222.53 257.33 5.00 198.00 280.00 0.05 204.81 FSU-12 Feb 2.52 51.80 0.45 17.09 19.89 32.25 2.63 Mar 2.52 52.07 0.45 16.69 19.48 32.75 2.81 Ukraine Feb 1.47 35.50 0.03 5.50 6.90 28.50 1.59 Mar 1.47 35.50 0.03 5.00 6.40 29.00 1.59 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2019 WASDE - 586 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 142.5 8 490.94 41.21 483.55 47.19 149.97 United States 1.48 7.12 0.75 4.23 3.65 1.46 Total Foreign 141.11 483.82 40.47 479.32 43.55 148.51 Major Exporters 4/ 29.48 163.15 0.76 132.94 33.33 27.12 India 18.40 109.70 0.00 95.84 11.71 20.55 Pakistan 1.12 6.85 0.01 3.10 3.52 1.37 Thailand 8.40 19.20 0.25 12.00 11.62 4.24 Vietnam 1.56 27.40 0.50 22.00 6.49 0.97 Major Importers 5/ 10.04 66.54 11.90 77.51 1.22 9.76 Brazil 0.31 8.38 0.61 7.95 0.83 0.53 European Union 6/ 1.18 2.09 1.84 3.60 0.32 1.19 Indonesia 3.51 36.86 0.35 37.80 0.00 2.92 Nigeria 1.53 4.41 2.50 6.70 0.00 1.74 Philippines 2.12 11.69 1.10 12.90 0.00 2.00 Sel. Mideast 7/ 0.86 1.78 3.87 5.63 0.00 0.88 Selected Other 0.00 Burma 1.24 12.65 0.01 10.00 3.35 0.55 C. Amer & Carib 8/ 0.56 1.72 1.77 3.36 0.04 0.65 China 88.00 147.77 5.30 141.76 0.81 98.50 Egypt 0.92 4.80 0.10 4.30 0.10 1.43 Japan 2.55 7.93 0.71 8.73 0.05 2.41 Mexico 0.13 0.18 0.87 0.92 0.09 0.17 South Korea 1.83 4.20 0.41 4.44 0.00 2.00 2017/18 Est. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 149.97 495.37 46.89 482.74 47.13 162.60 United States 1.46 5.66 0.85 4.28 2.76 0.93 Total Foreign 148.51 489.71 46.04 478.46 44.37 161.66 Major Exporters 4/ 27.12 169.20 0.65 134.67 33.70 28.61 India 20.55 112.91 0.00 98.82 12.04 22.60 Pakistan 1.37 7.45 0.00 3.25 4.01 1.56 Thailand 4.24 20.37 0.25 10.60 11.06 3.20 Vietnam 0.97 28.47 0.40 22.00 6.59 1.25 Major Importers 5/ 9.76 67.71 13.44 78.75 1.58 10.58 Brazil 0.53 8.21 0.50 7.75 1.15 0.33 European Union 6/ 1.19 2.00 2.00 3.70 0.35 1.14 Indonesia 2.92 37.00 2.30 38.10 0.00 4.11 Nigeria 1.74 4.66 2.00 7.10 0.00 1.30 Philippines 2.00 12.24 1.30 13.25 0.00 2.29 Sel. Mideast 7/ 0.88 2.22 3.65 5.83 0.00 0.93 Selected Other 0.00 Burma 0.55 13.20 0.01 10.10 2.74 0.92 C. Amer & Carib 8/ 0.65 1.62 1.69 3.29 0.04 0.63 China 98.50 148.87 5.50 142.49 1.39 109.00 Egypt 1.43 4.30 0.09 4.20 0.05 1.56 Japan 2.41 7.79 0.69 8.66 0.06 2.17 Mexico 0.17 0.18 0.80 0.86 0.10 0.20 South Korea 2.00 3.97 0.40 4.88 0.06 1.42 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Tot al domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU- 28. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. March 2019 WASDE - 586 - 25 World Ri ce Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Feb 162.02 495.87 45.23 490.27 47.72 167.62 Mar 162.60 501.57 44.61 491.97 47.37 172.19 United States Feb 0.93 7.12 0.91 4.29 3.18 1.50 Mar 0.93 7.12 0.92 4.29 3.11 1.58 Total Foreign Feb 161.09 488.75 44.33 485.98 44.55 166.13 Mar 161.66 494.45 43.69 487.69 44.25 170.62 Major Exporters 4/ Feb 28.35 168.17 0.65 135.95 33.75 27.47 Mar 28.61 173.31 0.65 137.20 33.60 31.77 India Feb 22.60 111.00 0.00 100.00 12.50 21.10 Mar 22.60 116.00 0.00 101.10 12.50 25.00 Pakistan Feb 1.32 7.40 0.00 3.25 4.25 1.22 Mar 1.56 7.54 0.00 3.40 4.10 1.60 Thailand Feb 3.18 20.70 0.25 10.50 10.00 3.63 Mar 3.20 20.70 0.25 10.50 10.00 3.65 Vietnam Feb 1.25 29.07 0.40 22.20 7.00 1.52 Mar 1.25 29.07 0.40 22.20 7.00 1.52 Major Importers 5/ Feb 10.38 67.18 14.00 79.42 1.29 10.84 Mar 10.58 67.21 14.00 79.56 1.14 11.08 Brazil Feb 0.31 7.75 0.85 7.75 0.85 0.31 Mar 0.33 7.48 0.85 7.70 0.70 0.26 European Union 6/ Feb 1.14 1.99 2.00 3.75 0.35 1.04 Mar 1.14 2.00 2.00 3.76 0.35 1.04 Indonesia Feb 4.11 37.30 0.80 38.10 0.00 4.11 Mar 4.11 37.30 0.80 38.10 0.00 4.11 Nigeria Feb 1.30 4.79 2.20 7.20 0.00 1.09 Mar 1.30 4.79 2.20 7.20 0.00 1.09 Philippines Feb 2.29 12.15 2.30 13.65 0.00 3.09 Mar 2.29 12.15 2.50 13.75 0.00 3.19 Sel. Mide ast 7/ Feb 0.76 1.74 4.00 5.78 0.00 0.72 Mar 0.93 2.04 3.80 5.85 0.00 0.91 Selected Other Burma Feb 0.86 13.12 0.01 10.20 2.80 0.99 Mar 0.92 13.12 0.01 10.20 2.80 1.05 C. Amer & Carib 8/ Feb 0.62 1.70 1.86 3.47 0.04 0.68 Mar 0.63 1.70 1.80 3.43 0.04 0.67 China Feb 109.00 148.49 4.50 143.79 2.20 116.00 Mar 109.00 148.49 4.50 143.79 2.20 116.00 Egypt Feb 1.56 2.80 0.40 4.10 0.02 0.64 Mar 1.56 2.80 0.40 4.10 0.02 0.64 Japan Feb 2.17 7.70 0.69 8.60 0.07 1.88 Mar 2.17 7.70 0.69 8.60 0.07 1.88 Mexico Feb 0.20 0.18 0.88 0.94 0.09 0.22 Mar 0.20 0.18 0.88 0.94 0.09 0.22 South Korea Feb 1.21 3.87 0.41 4.67 0.05 0.76 Mar 1.42 3.87 0.41 4.67 0.05 0.98 1/ Aggregate o f local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differen ces in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Ph ilippines, selected Middle East, and the EU -28. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, an d Saudi Arabia. 8/ Central American and Caribbean countries. March 2019 WASDE - 586 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2016/17 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 90.34 106.66 37.70 116.18 37.91 0.21 80.40 United States 3.80 17.17 0.01 3.25 14.92 0.06 2.75 Total Foreign 86.54 89.49 37.69 112.93 22.99 0.15 77.65 Major Exporters 4/ 19.55 50.72 3.63 32.27 19.78 0.01 21.85 Central Asia 5/ 2.35 5.99 3/ 2.83 3.32 0.00 2.18 Afr. Fr. Zone 6/ 1.16 5.12 3/ 0.14 4.60 0.01 1.53 S. Hemis 7/ 8.76 12.25 0.37 4.29 7.05 -0.02 10.05 Australia 1.88 4.05 3/ 0.04 3.73 -0.03 2.19 Brazil 5.71 7.02 0.19 3.20 2.79 0.00 6.93 India 7.04 27.00 2.74 24.35 4.55 0.00 7.88 Major Importers 8/ 65.27 35.86 31.92 76.72 2.03 0.14 54.17 Mexico 0.61 0.77 1.00 1.75 0.15 0.03 0.45 China 56.70 22.75 5.03 38.50 0.06 0.00 45.92 European Union 9/ 0.27 1.31 0.69 0.72 1.33 0.05 0.18 Turkey 1.53 3.20 3.68 6.55 0.33 0.00 1.53 Pakistan 2.62 7.70 2.45 10.30 0.13 0.03 2.32 Indonesia 0.53 0.01 3.39 3.30 0.01 0.00 0.62 Thailand 0.20 3/ 1.23 1.20 0.00 0.03 0.20 Bangladesh 1.52 0.13 6.80 6.80 0.00 0.01 1.63 Vietnam 0.78 3/ 5.50 5.40 0.00 0.00 0.88 2017/18 Est. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 80.40 123.78 40.93 122.58 40.92 0.47 81.14 United States 2.75 20.92 3/ 3.23 15.85 0.30 4.30 Total Foreign 77.65 102.86 40.93 119.35 25.07 0.17 76.84 Major Exporters 4/ 21.85 56.91 2.47 32.75 21.63 0.02 26.84 Central Asia 5/ 2.18 6.50 3/ 3.38 2.60 0.00 2.71 Afr. Fr. Zone 6/ 1.53 5.42 3/ 0.14 4.99 0.00 1.83 S. Hemis 7/ 10.05 15.54 0.25 4.45 8.55 0.01 12.83 Australia 2.19 4.80 3/ 0.04 3.92 0.00 3.04 Brazil 6.93 9.22 0.08 3.40 4.17 0.00 8.66 India 7.88 29.00 1.68 24.15 5.18 0.00 9.23 Major Importers 8/ 54.17 42.95 35.85 82.58 2.34 0.15 47.90 Mexico 0.45 1.56 0.93 1.90 0.35 0.03 0.66 China 45.92 27.50 5.73 41.00 0.13 0.00 38.02 European Union 9/ 0.18 1.54 0.72 0.75 1.37 0.06 0.27 Turkey 1.53 4.00 4.02 7.35 0.33 0.00 1.88 Pakistan 2.32 8.20 3.30 10.80 0.16 0.03 2.83 Indonesia 0.62 3/ 3.50 3.50 0.01 0.00 0.62 Thailand 0.20 3/ 1.15 1.15 0.00 0.03 0.18 Bangladesh 1.63 0.14 7.60 7.50 0.00 0.01 1.86 Vietnam 0.88 3/ 6.90 6.60 0.00 0.00 1.19 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. March 2019 WASDE - 586 - 27 World Cotton Supply an d Use 1/ (Million 480 -Pound Bales) 2018/19 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Feb 81.05 118.45 42.31 123.64 42.32 0.36 75.50 Mar 81.14 118.89 42.18 123.59 42.18 0.36 76.09 United States Feb 4.30 18.39 0.01 3.20 15.00 0.20 4.30 Mar 4.30 18.39 0.01 3.20 15.00 0.20 4.30 Total Foreign Feb 76.75 100.06 42.30 120.44 27.32 0.16 71.20 Mar 76.84 100.50 42.17 120.39 27.18 0.16 71.79 filler filler filler filler filler filler filler Major Exporters 4/ Feb 26.75 54.77 2.35 33.80 23.22 0.02 26.83 Mar 26.84 55.01 2.32 33.80 23.03 0.02 27.32 Central Asia 5/ Feb 2.72 5.59 3/ 3.61 2.26 0.00 2.44 Mar 2.71 5.55 3/ 3.61 2.26 0.00 2.39 Afr. Fr. Zone 6/ Feb 1.83 5.58 3/ 0.14 5.47 0.00 1.80 Mar 1.83 5.58 3/ 0.14 5.47 0.00 1.80 S. Hemis 7/ Feb 12.73 15.98 0.27 4.57 10.61 0.01 13.79 Mar 12.83 16.26 0.24 4.57 10.42 0.01 14.33 Australia Feb 2.94 2.60 3/ 0.04 3.60 0.00 1.90 Mar 3.04 2.50 3/ 0.04 3.60 0.00 1.90 Brazil Feb 8.66 11.40 0.13 3.50 6.20 0.00 10.48 Mar 8.66 11.75 0.10 3.50 6.00 0.00 11.01 India Feb 9.23 27.00 1.60 24.80 4.50 0.00 8.53 Mar 9.23 27.00 1.60 24.80 4.50 0.00 8.53 filler filler filler filler filler filler filler Major Importers 8/ Feb 47.90 42.25 37.36 82.55 2.74 0.14 42.09 Mar 47.90 42.45 37.26 82.50 2.79 0.14 42.19 Mexico Feb 0.66 1.73 0.85 1.95 0.60 0.03 0.66 Mar 0.66 1.73 0.85 1.95 0.60 0.03 0.66 China Feb 38.02 27.50 7.50 40.50 0.15 0.00 32.37 Mar 38.02 27.50 7.50 40.50 0.15 0.00 32.37 European Union 9/ Feb 0.27 1.69 0.70 0.74 1.55 0.05 0.31 Mar 0.27 1.69 0.70 0.74 1.55 0.05 0.31 Turkey Feb 1.88 3.70 3.20 6.80 0.30 0.00 1.68 Mar 1.88 3.70 3.20 6.80 0.35 0.00 1.63 Pakistan Feb 2.83 7.50 3.00 10.60 0.13 0.03 2.58 Mar 2.83 7.70 3.00 10.60 0.13 0.03 2.78 Indonesia Feb 0.62 3/ 3.65 3.60 0.01 0.00 0.66 Mar 0.62 3/ 3.55 3.55 0.01 0.00 0.61 Thailand Feb 0.18 3/ 1.18 1.15 0.00 0.03 0.18 Mar 0.18 3/ 1.18 1.15 0.00 0.03 0.18 Bangladesh Feb 1.86 0.14 8.00 8.00 0.00 0.01 1.98 Mar 1.86 0.14 8.00 8.00 0.00 0.01 1.98 Vietnam Feb 1.19 3/ 7.40 7.30 0.00 0.00 1.29 Mar 1.19 3/ 7.40 7.30 0.00 0.00 1.29 1/ Mar keting year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, refl ects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, Tajikis tan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition t o the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. March 2019 WASDE - 586 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2016/17 Begin ning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 80.41 349.31 144.22 287.28 330.61 147.50 95.82 United States 5.35 116.93 0.61 51.74 55.72 58.96 8.21 Total Foreign 75.05 232.38 143.61 235.53 274.89 88.54 87.61 Major Exporters 3/ 51.83 183.15 1.94 87.55 96.46 79.52 60.94 Argentina 27.16 55.00 1.67 43.31 49.51 7.03 27.30 Brazil 24.56 114.60 0.25 40.41 43.06 63.14 33.21 Paraguay 0.03 10.34 0.01 3.75 3.81 6.13 0.44 Major Importers 4/ 20.00 17.54 122.63 113.10 136.56 0.39 23.21 China 17.14 13.64 93.50 88.00 103.50 0.11 20.66 European Union 1.56 2.41 13.44 14.40 16.04 0.22 1.15 Japan 0.26 0.24 3.18 2.39 3.46 0.00 0.22 Mexico 0.15 0.52 4.13 4.60 4.64 0.00 0.16 2017/18 Est. Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 95.82 340.47 153.28 295.13 338.05 152.96 98.56 United States 8.21 120.07 0.59 55.93 59.00 57.95 11.92 Total Foreign 87.61 220.41 152.69 239.21 279.05 95.01 86.64 Major Exporters 3/ 60.94 170.23 5.23 85.39 93.64 85.57 57.20 Argentina 27.30 37.80 5.05 36.93 43.13 2.11 24.90 Brazil 33.21 120.80 0.18 44.52 46.49 76.18 31.53 Paraguay 0.44 10.30 0.01 3.87 3.94 6.03 0.77 Major Importers 4/ 23.21 19.24 124.53 116.01 140.35 0.43 26.19 China 20.66 15.20 94.10 90.00 106.30 0.13 23.52 European Union 1.15 2.67 14.58 14.95 16.65 0.28 1.48 Japan 0.22 0.25 3.26 2.35 3.49 0.00 0.24 Mexico 0.16 0.43 4.87 5.25 5.29 0.00 0.18 2018/19 Proj. Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ Feb 98.09 360.99 151.42 304.80 349.44 154.36 106.72 Mar 98.56 360.08 151.22 303.85 348.49 154.20 107.17 United States Feb 11.92 123.66 0.54 56.88 60.34 51.03 24.76 Mar 11.92 123.66 0.54 57.15 60.61 51.03 24.49 Total Foreign Feb 86.17 237.33 150.88 247.92 289.10 103.33 81.95 Mar 86.64 236.41 150.67 246.70 287.88 103.17 82.67 Major Exporters 3/ Feb 56.71 183.48 5.61 89.88 98.51 93.27 54.02 Mar 57.20 182.48 5.61 89.68 98.31 93.30 53.69 Argentina Feb 24.90 55.00 5.35 43.20 49.40 6.30 29.55 Mar 24.90 55.00 5.35 43.00 49.20 6.30 29.75 Brazil Feb 31.53 117.00 0.25 42.70 45.05 79.50 24.23 Mar 31.53 116.50 0.25 42.70 45.05 79.50 23.73 Paraguay Feb 0.28 9.50 0.01 3.90 3.98 5.60 0.21 Mar 0.77 9.00 0.01 3.90 3.98 5.60 0.20 Major Importers 4/ Feb 26.23 19.87 121.33 117.53 142.91 0.43 24.08 Mar 26.19 19.87 121.42 116.65 142.07 0.26 25.14 China Feb 23.52 15.90 88.00 89.00 106.10 0.10 21.22 Mar 23.52 15.90 88.00 88.00 105.10 0.10 22.22 European Union Feb 1.53 2.70 15.80 16.60 18.25 0.28 1.50 Mar 1.48 2.70 15.80 16.60 18.30 0.13 1.55 Japan Feb 0.22 0.26 3.30 2.35 3.52 0.00 0.26 Mar 0.24 0.26 3.30 2.35 3.52 0.00 0.28 Mexico Feb 0.18 0.34 5.03 5.30 5.34 0.00 0.21 Mar 0.18 0.34 5.23 5.50 5.54 0.00 0.21 1/ Data based on local marketing years ex cept Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports . Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). March 2019 WASDE - 586 - 29 World Soybe an Meal Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.44 225.55 60.40 221.66 64.55 13.18 United States 0.24 40.63 0.32 30.32 10.51 0.36 Total Foreign 13.20 184.92 60.08 191.35 54.05 12.81 Major Exporters 3/ 7.07 71.76 0.05 24.55 47.09 7.24 Argentina 4.23 33.28 0.00 2.85 31.32 3.34 Brazil 2.71 31.28 0.04 16.94 13.76 3.32 India 0.13 7.20 0.01 4.75 2.01 0.58 Major Import ers 4/ 2.21 16.08 36.49 52.38 0.53 1.86 European Union 0.89 11.38 18.79 30.24 0.33 0.49 Southeast Asia 5/ 1.23 2.90 16.07 18.72 0.20 1.28 2017/18 Est. Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.18 232.33 59.99 229.41 63.82 12.28 United States 0.36 44.65 0.45 32.21 12.75 0.50 Total Foreign 12.81 187.68 59.54 197.20 51.07 11.78 Major Exporters 3/ 7.24 68.59 0.03 25.51 43.26 7.09 Argentina 3.34 27.93 0.00 3.00 25.35 2.92 Brazil 3.32 34.50 0.02 17.71 16.06 4.06 India 0.58 6.16 0.01 4.80 1.84 0.11 Major Importers 4/ 1.86 16.29 36.80 52.97 0.64 1.35 European Union 0.49 11.81 18.35 30.04 0.39 0.22 Southeast Asia 5/ 1.28 2.70 16.72 19.42 0.25 1.04 2018/19 Proj. Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ Feb 12.36 239.43 62.61 235.36 66.84 12.20 Mar 12.28 238.20 62.68 234.55 66.79 11.82 United States Feb 0.50 44.59 0.32 32.52 12.47 0.41 Mar 0.50 44.59 0.41 32.61 12.47 0.41 Total Foreign Feb 11.86 194.84 62.29 202.84 54.36 11.79 Mar 11.78 193.61 62.27 201.93 54.32 11.41 Major Exporters 3/ Feb 7.09 73.50 0.04 26.42 47.03 7.19 Mar 7.09 73.10 0.04 26.67 46.85 6.72 Argentina Feb 2.92 33.20 0.00 3.19 29.80 3.14 Mar 2.92 32.80 0.00 3.19 29.30 3.24 Brazil Feb 4.06 33.10 0.03 18.13 15.23 3.83 Mar 4.06 33.10 0.03 18.13 15.70 3.36 India Feb 0.11 7.20 0.02 5.10 2.00 0.23 Mar 0.11 7.20 0.02 5.35 1.85 0.13 Major Importers 4/ Feb 1.42 18.22 37.32 55.00 0.53 1.43 Mar 1.35 18.16 37.60 55.15 0.54 1.41 European Union Feb 0.22 13.11 18.50 31.29 0.30 0.24 Mar 0.22 13.11 18.53 31.29 0.33 0.24 Southeast Asia 5/ Feb 1.11 3.33 17.05 20.17 0.23 1.09 Mar 1.04 3.28 17.30 20.32 0.22 1.08 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and T hailand. March 2019 WASDE - 586 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 3.75 53.72 10.97 53.46 11.24 3.74 United States 0.77 10.04 0.15 9.01 1.16 0.78 Total Foreign 2.99 43.69 10.82 44.45 10.08 2.96 Major Exporters 3/ 0.71 18.89 0.35 11.76 7.45 0.74 Argentina 0.26 8.40 0.00 2.99 5.39 0.28 Brazil 0.29 7.76 0.06 6.57 1.24 0.29 European Union 0.16 2.74 0.29 2.21 0.82 0.16 Major Importers 4/ 1.29 17.89 5.80 23.56 0.21 1.22 China 0.66 15.77 0.71 16.35 0.12 0.67 India 0.47 1.62 3.53 5.20 0.00 0.43 North Africa 5/ 0.16 0.50 1.56 2.01 0.09 0.13 2017/18 Est. Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 3.74 55.17 9.72 54.51 10.49 3.62 United States 0.78 10.78 0.15 9.70 1.11 0.90 Total Foreign 2.96 44.38 9.56 44.81 9.38 2.71 Major Exporters 3/ 0.74 18.61 0.33 12.25 6.55 0.88 Argentina 0.28 7.24 0.00 3.08 4.13 0.31 Brazil 0.29 8.54 0.05 6.94 1.51 0.42 European Union 0.16 2.84 0.28 2.23 0.90 0.16 Major Importers 4/ 1.22 18.22 5.00 23.31 0.27 0.87 Chin a 0.67 16.13 0.48 16.50 0.21 0.57 India 0.43 1.39 2.98 4.62 0.01 0.17 North Africa 5/ 0.13 0.71 1.53 2.19 0.05 0.13 2018/19 Proj. Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ Feb 3.59 57.07 10.74 56.31 11.32 3.77 Mar 3.62 56.97 10.68 56.23 11.33 3.71 United States Feb 0.90 11.09 0.14 10.16 1.02 0.95 Mar 0.90 11.15 0.14 10.25 1.02 0.91 Total Foreign Feb 2.69 45.98 10.61 46.15 10.30 2.82 Mar 2.71 45.83 10.55 45.98 10.31 2.80 Major Exporters 3/ Feb 0.88 19.76 0.25 12.42 7.50 0.98 Mar 0.88 19.76 0.30 12.44 7.50 1.01 Argentina Feb 0.31 8.42 0.00 3.13 5.15 0.45 Mar 0.31 8.42 0.00 3.13 5.15 0.45 Brazil Feb 0.42 8.20 0.05 7.04 1.35 0.28 Mar 0.42 8.20 0.05 7.04 1.35 0.28 European Union Feb 0.16 3.15 0.20 2.26 1.00 0.26 Mar 0.16 3.15 0.25 2.28 1.00 0.28 Major Importers 4/ Feb 0.86 18.32 5.84 23.93 0.22 0.86 Mar 0.87 18.14 5.80 23.73 0.21 0.86 China Feb 0.57 15.95 0.80 16.69 0.13 0.51 Mar 0.57 15.77 0.80 16.51 0.13 0.51 India Feb 0.17 1.62 3.40 4.95 0.01 0.24 Mar 0.17 1.62 3.40 4.95 0.01 0.24 North Africa 5/ Feb 0.12 0.75 1.64 2.30 0.09 0.12 Mar 0.13 0.75 1.60 2.28 0.08 0.12 1/ Data based on local mark eting years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. March 2019 WASDE - 586 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2017 Annual 26,187 25,584 51,991 41,662 5,981 48,178 100,169 8,808 215.5 2018 I 6,465 6,645 13,167 10,385 1,452 11,962 25,129 2,186 54.4 II 6,724 6,325 13,105 10,685 1,477 12,301 25,406 2,230 55.8 III 6,820 6,315 13,191 10,940 1,431 12,515 25,706 2,265 54.0 IV 6,859 7,030 13,949 10,582 1,518 12,229 26,178 2,313 53.3 Annual Feb Est. 26,864 26,320 53,410 42,535 5,890 48,967 102,377 8,996 217.6 Mar Est. 26,868 26,315 53,411 42,592 5,878 49,006 102,417 8,994 217.5 2019 I* 6,390 6,845 13,293 10,400 1,440 11,965 25,258 2,260 54.6 II* 6,810 6,540 13,407 10,850 1,450 12,441 25,848 2,280 56.4 III* 7,070 6,720 13,845 11,100 1,445 12,687 26,532 2,305 54.4 IV* 7,030 7,325 14,413 10,750 1,520 12,406 26,819 2,355 54.3 Annual Feb Proj. 27,610 27,340 55,180 43,100 5,915 49,561 104,741 9,130 220.1 Mar Proj . 27,300 27,430 54,958 43,100 5,855 49,499 104,457 9,200 219.7 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2017 Annual 121.52 50.48 93.5 96.1 100.9 17.65 2018 I 125.60 49.12 95.7 79.4 179.6 15.67 II 116.72 47.91 115.1 79.6 124.4 16.10 III 110.83 43.90 93.7 80.4 120.8 16.00 IV 115.32 42.77 86.7 81.4 125.6 16.93 Annual Feb Est. 117.12 45.93 97.8 80.2 137.6 16.20 Mar Est. 117.12 45.93 97.8 80.2 137.6 16.18 2019 I* 124-127 39-40 94-95 83-84 110-113 16.75 -16.95 II* 121-127 43-45 102-108 81-85 112-118 17.05 -17.55 III* 110-120 42-46 91-99 84-90 120-130 16.75 -17.55 IV* 109-119 38-42 86-94 88-96 130-140 17.30 -18.30 Annual Feb Proj. 115-122 41-44 94-100 83-88 122-129 16.90 -17.60 Mar Proj. 116-123 41-43 93-99 84-89 118-125 17.00 -17.60 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Whole sale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. March 2019 WASDE - 586 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2017 757 26,250 2,993 30,000 2,860 649 26,492 56.9 2018 Est. Feb 649 26,927 2,994 30,569 3,180 685 26,704 56.9 Mar 649 26,931 2,998 30,577 3,156 662 26,759 57.0 2019 Proj. Feb 685 27,673 3,010 31,368 3,255 690 27,423 58.0 Mar 662 27,363 3,010 31,035 3,255 675 27,105 57.3 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2017 507 25,598 1,116 27,221 5,632 554 21,035 50.1 2018 Est. Feb 554 26,333 1,059 27,947 5,939 525 21,483 50.8 Mar 554 26,329 1,042 27,925 5,870 559 21,496 50.8 2019 Proj. Feb 525 27,354 1,060 28,939 6,300 560 22,079 51.7 Mar 559 27,444 1,005 29,008 6,125 560 22,323 52.3 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2017 1,304 52,078 4,361 57,744 8,497 1,246 48,000 108.2 2018 Est. Feb 1,246 53,498 4,328 59,072 9,125 1,256 48,691 109.0 Mar 1,246 53,499 4,313 59,058 9,032 1,266 48,760 109.2 2019 Proj. Feb 1,256 55,268 4,349 60,873 9,563 1,295 50,015 111.0 Mar 1,266 55,045 4,284 60,595 9,388 1,276 49,931 110.9 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2017 778 41,217 126 42,120 6,791 856 34,473 90.8 2018 Est. Feb 856 42,080 137 43,073 7,081 900 35,092 91.8 Mar 856 42,136 139 43,131 7,068 845 35,219 92.1 2019 Proj. Feb 900 42,639 137 43,676 7,145 895 35,636 92.4 Mar 845 42,639 137 43,620 7,145 880 35,595 92.3 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2017 279 5,981 25 6,284 622 310 5,352 16.4 2018 Est. Feb 310 5,890 21 6,220 606 300 5,314 16.2 Mar 310 5,878 19 6,206 611 303 5,292 16.1 2019 Proj. Feb 300 5,915 20 6,235 610 310 5,315 16.0 Mar 303 5,855 20 6,178 610 300 5,268 15.9 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2017 1,065 47,732 154 48,950 7,544 1,170 40,236 108.5 2018 Est. Feb 1,170 48,511 160 49,841 7,776 1,204 40,862 109.4 Mar 1,170 48,550 160 49,880 7,763 1,153 40,964 109.6 2019 Proj. Feb 1,204 49,099 161 50,464 7,859 1,212 41,393 109.8 Mar 1,153 49,037 161 50,351 7,839 1,187 41,325 109.6 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2017 2,369 99,810 4,515 106,694 16,041 2,416 88,237 216.8 2018 Est. Feb 2,416 102,009 4,488 108,913 16,901 2,460 89,552 218.4 Mar 2,416 102,049 4,473 108,938 16,794 2,419 89,725 218.8 2019 Proj. Feb 2,460 104,367 4,510 111,337 17,422 2,507 91,408 220.8 Mar 2,419 104,082 4,445 110,946 17,227 2,463 91,256 220.5 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. March 2019 WASDE - 586 - 33 U.S. Egg Supply and Use Commodity 2016 2017 2018 Est. 2018 Est. 2019 Proj. 2019 Proj. Feb Mar Feb Mar Eggs Million Dozen Supply Beginning Stocks 73.6 142.2 87.5 87.5 79.0 78.8 Productio n 8,578.7 8,807.8 8,995.6 8,993.5 9,130.0 9,200.0 Imports 129.5 34.2 17.9 17.8 19.0 19.0 Total Supply 8,781.8 8,984.1 9,101.0 9,098.8 9,228.0 9,297.8 Use Exports 304.2 354.9 334.1 333.1 340.0 340.0 Hatching U se 1,009.6 1,034.9 1,059.2 1,057.1 1,085.0 1,085.0 Ending Stocks 142.2 87.5 79.0 78.8 80.0 92.0 Disappearance Total 7,325.8 7,506.9 7,628.7 7,629.8 7,723.0 7,780.8 Per Capita (number) 271.6 276.3 278.8 278.8 279.8 281.9 Total U.S. Milk Supply and Use Commodity 2016 2017 2018 Est. 2018 Est. 2019 Proj. 2019 Proj. Feb Mar Feb Mar Milk Billion Pounds Production 212.4 215.5 217.6 217.5 220.1 219.7 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 12.3 12.7 13.4 13.4 13.7 13.9 Marketings 211.4 214.5 216.6 216.5 219.1 218.8 Imports 6.9 6.0 6.3 6.3 6.6 6.5 Total Cml. Supply 230.7 233.2 236.4 236.3 239.4 239.2 Fat Basis Use Commercial Expor ts 8.4 9.2 10.6 10.5 10.3 10.1 Ending Commercial Stocks 12.7 13.4 13.7 13.9 13.3 13.6 CCC Donations 0.0 0.0 0.0 0.0 0.3 0.2 Domestic Commercial Use 209.6 210.5 212.1 211.9 215.5 215.3 Skim -solid Basis Supply Beg. Commercial Stocks 9.2 9.5 11.8 11.8 11.2 10.4 Marketings 211.4 214.5 216.6 216.5 219.1 218.8 Imports 6.5 6.1 5.5 5.5 5.2 5.2 Total Cml. Supply 227.1 230.1 233.9 233.7 235.5 234.4 Skim -solid Basis Use Commercial Exports 39.1 40.7 44.8 44.6 44.6 43.6 Ending Commercial Stock s 9.5 11.8 11.2 10.4 11.1 10.5 CCC Donations 0.0 0.0 0.0 0.0 0.2 0.2 Domestic Commercial Use 178.5 177.6 177.9 178.7 179.6 180.1 Total Note: Totals may not add due to rounding. March 2019 WASDE - 586 - 34 U.S. D airy Prices Commodity 2016 2017 2018 Est. 2018 Est. 2019 Proj. 2019 Proj. Feb Mar Feb Mar Product Prices 1/ Dollars Per Pound Cheese 1.6050 1.6344 1.5377 1.5377 1.480 - 1.550 1.510 - 1.570 Butter 2.0777 2.3303 2.2572 2.2572 2.230 - 2.330 2.255 - 2.345 Nonfat Dry Milk 0.8292 0.8666 0.7945 0.7945 0.955 - 1.015 0.965 - 1.015 Dry Whey 0.2875 0.4437 0.3422 0.3422 0.435 - 0.465 0.425 - 0.455 Filler Dollars Per Cwt Milk Prices 2/ Class III 14.87 16.17 14.61 14.61 14.70 - 15.40 14.90 - 15.50 Class IV 13.77 15.16 14.23 14.23 15.55 - 16.35 15.75 - 16.45 All Milk 3/ 16.30 17.65 16.20 16.18 16.90 - 17.60 17.00 - 17.60 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly pric es received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation. March 2019 WASDE - 586 - 35 Reliability of March Projections 1/ Note: Tables on pages 35 -37 present a reco rd of the March projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by mo re than 0.6 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 1 percent. The average difference between the March pr ojection and the final estimate is 2.5 million tons, ranging from 0 million to 8 million tons. The March projection ha s been below the estimate 28 times and above 9 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 0.6 1.0 2.5 0.0 8.0 28 9 U.S. 0.1 0.3 0.1 0.0 0.3 15 11 Foreign 0.7 1.1 2.5 0.1 8.0 28 9 Exports World 4.3 7.3 4.3 0.0 17.0 31 6 U.S. 3.2 5.4 0.8 0.0 2.4 20 16 Foreign 5.2 8.9 4.1 0.1 16.0 29 8 Domestic Use World 0.9 1.6 4.3 0.2 12.2 16 21 U.S. 3.9 6.5 0.9 0.0 2.4 14 23 Foreign 0.9 1.6 4.0 0.1 11.5 21 16 Ending Stocks World 4.2 7.1 5.3 0.2 14.1 26 11 U.S. 8.2 14.0 1.1 0.0 4.5 22 15 Foreign 4.5 7.6 4.6 0.0 13.5 25 11 COARSE GRAINS 2/ Production World 1.2 2.0 10.3 0.5 35.1 31 6 U.S. 0.2 0.3 0.1 0.0 1.3 16 7 Foreign 1.7 2.9 10.3 0.5 35.1 31 6 Exports World 5.3 8.9 5.2 0.0 24.2 26 11 U.S. 8.2 13.9 3.3 0.0 9.1 18 19 Foreign 8.4 14.2 4.7 0.1 21.5 24 13 Domestic Use World 1.0 1.7 7.0 0.1 24.2 21 16 U.S. 2.9 5.0 4.1 0.2 17.3 12 25 Foreign 1.1 1.9 6.6 0.4 24.6 25 12 Ending Stocks World 10.7 18.1 14.4 0.6 143.8 32 5 U.S. 13.4 22.8 4.6 0.1 15.3 21 16 Foreign 13.1 22.2 12.0 0.5 142.1 33 4 RICE, milled Production World 1.4 2.3 3.6 0.2 13.8 28 9 U.S. 1.3 2.2 0.0 0.0 0.2 11 6 Foreign 1.4 2.3 3.6 0.1 13.8 28 9 Exports World 8.1 13.8 1.4 0.1 5.3 30 7 U.S. 7.3 12.3 0.2 0.0 0.5 18 16 Foreign 9.1 15.5 1.4 0.1 4.9 29 8 Domestic Use World 1.2 2.0 3.2 0.2 13.9 25 12 U.S. 7.1 12.1 0.2 0.0 0.5 14 22 Foreign 1.2 2.0 3.2 0.2 13.5 25 12 Ending Stocks World 8.8 14.9 5.0 0.5 25.8 26 11 U.S. 19.0 32.3 0.2 0.0 0.4 20 15 Foreign 9.1 15.4 5.0 0.3 25.7 26 11 1/ Footnotes at end of table. CONTINUED March 2019 WASDE - 586 - 36 Reliability of March Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 2.3 3.8 3.4 0.1 12.4 20 17 U.S. 1.3 2.2 0.6 0.0 2.5 16 14 Foreign 3.8 6.4 3.4 0.1 12.6 20 17 Exports World 5.6 9.5 2.6 0.0 11.5 25 11 U.S. 6.5 11.0 1.6 0.1 6.7 27 10 Foreign 14.7 24.9 2.3 0.1 9.5 18 19 Domestic Use World 2.1 3.6 2.9 0.0 11.4 19 18 U.S. 3.0 5.1 1.1 0.0 3.0 25 11 Foreign 2.5 4.2 2.4 0.1 12.8 17 20 Ending Stocks World 13.3 22.6 3.7 0.1 13.9 19 18 U.S. 40.6 68.8 2.0 0.1 7.2 9 28 Foreign 14.3 24.2 3.3 0.1 17.1 25 12 COTTON Million 480 -Pound Bales Prod uction World 1.8 3.1 1.4 0.0 5.2 23 12 U.S. 1.0 1.6 0.1 0.0 0.3 13 23 Foreign 2.2 3.7 1.3 0.0 5.3 23 13 Exports World 5.0 8.6 1.2 0.0 6.5 21 15 U.S. 6.6 11.3 0.5 0.0 1.7 17 19 Foreign 6.4 10.9 1.0 0.0 5.8 23 14 Domestic Use World 2.1 3.5 1.4 0.0 6.0 19 18 U.S. 3.7 6.3 0.2 0.0 0.7 19 16 Foreign 3.3 5.6 1.7 0.1 10.0 20 17 Ending Stocks World 8.6 14.7 3.1 0.2 8.5 22 15 U.S. 17.2 29.2 0.6 0.0 1.8 12 25 Foreign 9.4 16.0 3.0 0.0 7.9 24 13 1/ Marketing years 1981/82 thro ugh 2017/18 for grains, soybeans and cotton. Final for grains, soybeans and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2017/18. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. March 2019 WASDE - 586 - 37 Reliability of United States March Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 0.2 0.3 2 0 38 1 2 Exports 8.4 14.2 119 13 292 17 20 Domestic Use 2.9 4.9 142 9 474 13 24 Ending Stocks 15.1 25.6 177 3 713 22 15 SORGHUM Production 0.1 0.2 0 0 4 0 2 Exports 13.7 23.3 25 0 90 23 12 Domestic Use 14.5 24.6 31 1 178 16 21 Ending Stocks 42.0 71.2 24 1 148 15 22 BARLEY Production 0.7 1.3 1 0 11 16 4 Exports 16.1 27.4 5 0 20 12 22 Domestic Use 6.8 11.6 14 0 70 14 21 Ending Stocks 13.7 23.3 14 1 53 25 12 OATS Production 0.3 0.6 0 0 2 4 4 Exports 34.6 58.7 1 0 3 5 6 Domestic Use 5.4 9.1 11 1 36 15 22 Ending Stocks 17.6 29.8 12 1 47 21 16 SOYBEAN MEAL Thousand Short Tons Production 3.0 5.1 906 79 2,917 28 9 Exports 9.0 15.3 598 1 2,426 31 6 Domestic Use 2.5 4.2 557 41 2,066 25 12 Ending Stocks 35.6 60.3 68 0 253 16 19 SOYBEAN OIL Million Pounds Production 2.9 4.9 415 7 1,173 28 9 Exports 18.6 31.6 250 0 750 23 13 Domestic Use 2.4 4.1 308 9 760 24 13 Ending Stocks 17.8 30.2 252 17 721 22 15 ANIMAL PROD. Million Pounds Beef 2.6 4.5 548 77 1,613 23 13 Pork 2.9 4.9 347 5 1,667 22 14 Broilers 1.5 2.6 321 16 961 20 16 Turkeys 2.9 4.9 118 3 447 18 18 Million Dozen Eggs 1.7 2.9 84 3 534 22 14 Billion Pound s Milk 1.3 2.2 1.5 0.0 5.2 19 12 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2017/18 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2017/18. Calendar years 1982 through 2017 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2017. WASDE-586-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. International Production Assessments Division Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Asses sment Division ( IPAD ) of the Foreign Agricultural Service. IPAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric- Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ To subscribe to receive WASDE -related notifications by email or text message visit https://public.govdelivery.com/accounts/USDAOC/subscriber/new?topic_id=USDAOC_223 . Previous WASDE reports are available at http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1194 For questions contact: Mirvat Sewadeh at 202- 720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE- 586 – March 8, 2019 The U.S. D epartment of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202 - 720-2600 (voice and TDD). To file a com plaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326 -W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 628 Approved by the World Agricultural Outlook Board September 12, 2022 WHEAT: The 2022/23 U.S. wheat outlook for supply and use is unchanged this month. The projected 2022/23 season- average farm price (SAFP) is lowered $0.25 per bushel to $9.00 on reported NASS prices to date and expectations for cash and futures prices the remainder of 2022/23. Despite the decline, $9.00 per bushel would remain a record SAFP. The 2022/23 global wheat outlook raises supplies, consumption, exports, and ending stocks this month. Supplies increase by 3.6 million tons to 1,059.6 million, as production increases for Russia and Ukraine more than offset a decline in beginning stocks. Production in Russia is forecast 3.0 million tons higher, to 91.0 million, on harvest results for winter wheat to date published by the Russian Ministry of Agriculture. I f realized, area harvested, yield, and production for Russia will all reach record highs. The Ukraine production forecast is increased 1.0 million tons to 20.5 million as the harvest is nearly complete and government statistics reported higher yields in the Forest and Forest -Steppe zones. Larger supplies boost global consumption by 2.4 million tons to 791.0 million, almost entirely on increased feed and residual use as food, seed, and industrial use is nearly unchanged. Feed and residual use in Russia is forecast 1.0 million tons higher to 21.0 million on additional supplies. EU feed and residual use is increased 1.0 million tons to 44.0 million as wheat prices are now more competitive with feed grains, spurring demand. Global trade is nearly unchanged, rising 0.2 million tons to 208.9 million as there were no changes for any of the major exporters. World ending stocks increase 1.2 million tons to 268.6 million as stock increases in Russian and Ukraine more than offset a decline in the EU. COARSE GRAIN S: This month’s 2022/23 U.S. corn outlook is for lower supplies, smaller feed and residual use, reduced exports and corn used for ethanol, and tigh ter ending stocks. Projected beginning stocks for 2022/23 are 5 million bushels lower based on essentially offsetting export and corn used for ethanol changes for 2021/22. Corn production for 2022/23 is forecast at 13.9 billion bushels, down 415 million from last month on reductions to harvested area and yield. The national average yield is forecast at 172.5 bushels per acre, down 2.9 bushels. Harvested area for grain is forecast at 80.8 million acres, down 1.0 million. Total U.S. corn use is cut 250 million bushels to 14.3 billion. Feed and residual use is lowered 100 million bushels based on a smaller crop and higher expected prices. Exports are cut 100 million bushels to 2.3 billion while corn used for ethanol is lowered 50 million to 5.3 billion. With supply falling more than use, ending stocks are down 169 million bushels to 1.2 billion. The season-a verage corn price received by producers is raised 10 cents to $6.75 per bushel. This month’s 2022/23 foreign coarse grain outlook is for larger production, higher trade, and increased stocks relative to last month. Foreign corn production is forecast higher with increases for China, Ukraine, Canada, and Mozambique more than offsetting reductions for WASDE- 628-2 the EU and Serbia. China corn production is raised as abundant rainfall in key Northeast provinces and the North China Plain boost yield prospects. Ukraine corn production is raised with an increase in yield expectations while Canada is higher based on greater indicated area. EU corn production is lowered based on reductions for France, Romania, and Germany. Foreign barley production is higher with larger production in Russia and Australia more than offsetting a decline for Syria. Major global coarse grain trade changes for 2022/23 include larger corn exports for Ukraine but a reduction for the United States. Corn imports are lowered for Canada and Vie tnam. Foreign corn ending stocks are raised 2.2 million tons to 273.6 million, mostly reflecting increases for China and India that are partially offset by declines for Ukraine, the EU, and Thailand. World corn ending stocks at 304.5 million tons, are down 2.2 million. RICE : The outlook for 2022/23 U.S. rice this month is for lower supplies, reduced domestic use and exports, and smaller ending stocks. Supplies are reduced on a combination of lower beginning stocks and smaller production. Beginning stocks are lowered on the N ASS Rice Stocks report, issued August 19. The NASS September Crop Production report reduced 2022/23 all rice production by 10.9 million cwt to 165.1 million on decreased harvested area and lower yields. The average all rice yield is down 41 pounds per ac re to 7,586 pounds. This is the lowest U.S. rice production since 1993/94. Long- grain production is reduced 8.0 million cwt to 132.3 million, and combined medium - and short -grain production is lowered 2.9 million cwt to 32.8 million. Total domestic and residual use is lowered by 4.0 million cwt to 141.0 million on the smaller crop size. All rice exports are lowered 2.0 million cwt (all long-grain) to 77.0 million as U.S. rice is expected to be increasingly uncompetitive with lower supplies. All rice en ding stocks are decreased by 5.6 million cwt to 30.9 million, down 22 percent from last year. The season- average farm price for all rice is raised $0.60 per cwt to a record $19.40 with increases for both the long- grain and the medium - and short -grain pric es. The 2022/23 global outlook is for lower supplies, higher consumption, reduced trade, and lower stocks. Supplies are reduced 4.4 million tons to 692.9 million primarily on lower production for China, India, and Pakistan. China’s production is reduced 2.0 million tons to 147.0 million on drought conditions in southern China. India’s production is lowered 2.0 million tons to 126.5 million on continued dry conditions in the northeast region. This would be the first rice production decline for India since 2015/16. Pakistan’s production is decreased 500,000 tons to 8.4 million on expectations that August flooding reduce d harvested area. World 2022/23 consumption is raised 0.6 million tons to a record 519.3 million on higher use for India. Global 2022/23 trade is reduced 1.1 million tons to 53.6 million on lower India exports that are partiall y offset by higher exports from Thailand, Vietnam, Burma, and Pakistan. India’s exports are lowered 2.0 million tons to 20.0 million as India recently imposed export duties on rough, brown, and white milled rice and a ban on exports of brokens. Projected 2022/23 world ending stocks are reduced by 5.0 million tons to 173.6 million, primarily on reductions for India and China. OILSEEDS : U.S. soybean supply and use changes for 2022/23 include higher beginning stocks and lower production, crush, exports, and ending stocks. Higher beginning stocks reflect a lower export forecast for 2021/22. Soybean production is projected at 4.4 billion bushels, down 152 million with lower harvested area and yield. Harvested area is down 0.6 million from the August forecast. The soybean yield forecast of 50.5 bushels per acre is down 1.4 bushels from last month. The crush forecast is reduced 20 million bushels and the WASDE- 628-3 soybean export forecast is reduced 70 million bushels on lower supplies. Ending stocks are projected at 200 million bushels, down 45 million from last month. The U.S. season- average soybean price is forecast at $14.35 per bushel, unchange d from last month. Soybean meal and oil prices are also unchanged at $390 per short ton and 69.0 cents per pound, respectively. Other changes this month include lower peanut and higher cottonseed production. Foreign 2022/23 oilseed production is increased 2.8 million tons to 516.3 million mainly on higher sunflowerseed and soybean production for Ukraine and higher rapeseed production for Australia. Ukraine’s sunflowerseed production is raised 1.0 million tons to 10.5 million due to favorable August rainfall. Ukraine’s soybean production is raised on higher area. Rapeseed production for Australia is raised on recent beneficial rainfall improving yield prospects. Higher exports of sunflowerseed and rapeseed from Ukraine and Australia are in line with hi gher EU imports. EU soybean imports are lowered with higher supplies of other oilseeds. China soybean imports for 2022/23 are lowered 1.0 million tons to 97 million. Global soybean ending stocks at 98.9 million tons are down 2.5 million mainly on lower U.S. and China stocks. SUGAR: U.S. 2021/22 sugar stocks are reduced by 74,093 short tons , raw value (STRV) as combined lower production and imports are only partially offset by lower use. Beet sugar production is lowered by 53,440 STRV on a small reduction in estimated sucrose recovery from crop year sliced sugarbeets and also less sugar (about 20,000 STRV) from desugared molasses. Beet sugar production in August -September 2022 is still estimated at 500,000 STRV. Cane sugar in Texas is reduced a small amount on revised processor reporting. Imports are reduced by 72,615 STRV. Imports of 117,615 STRV under the 2021/22 raw sugar TRQ are now expected to enter after September 30 in fiscal year 2022/23 as permitted by the USDA extension of the quota year. Although USDA extended the quota year time limit by two additional months from October 31 to December 31, there is no expected reduction in the raw sugar TRQ shortfall of 77,162 STRV. Partially offsetting the TRQ import decrease is a 45,000- STRV i ncrease in high- tier tariff imports, due mainly to high duty raw sugar imports made by refiners in August. Deliveries for human consumption are reduced by 50,000 STRV to 12,550,000 on lower -than-expected direct consumption imports in July and projected for August and September. For 2022/23, cane sugar production in Louisiana is increased by 40,000 STRV on the NASS increase in forecast sugarcane production. Florida cane sugar production is decreased by 31,537 STRV based on processors’ forecasts submitted to USDA. Beet sugar production is decreased by 18,421 STRV on lower sugarbeet production forecast by NASS. An increase in sugarbeet production in the Red River Valley is more than offset by reduced production in the Great Plains. Imports of sugar from Mexico are decreased by 137,405 STRV to 1,618,775. This projected reduction is made on the U.S. Needs calculation as provided in the CVD Suspension Agreement governing exports from Mexico to the United States of sugar for consumption. There are no changes to use. Ending stocks are projected at 1,710,386 STRV for an ending stocks -to-use ratio of 13.5 percent. There are no changes from last month for Mexico sugar supply and use for either 2021/22 or 2022/23. WASDE- 628-4 LIVESTOCK, POULTRY, AND DAIRY : The forecast for 2022 red meat and poultry production is fractionally higher than last month, as higher beef, pork, and broiler forecasts are partly offset by a lower turkey forecast. Beef production is raised for the second half of the year with higher expected slaughter for the period offset slightly by lower expected third-quarter carcass weights. Pork production for the third quarter is raised on a higher -than- expected slaughter pace albeit at slightly lower carcass weights. Broiler prod uction is raised slightly on current slaughter data and higher eggs set and chicks placed. Turkey production is forecast lower based on slaughter to date and hatchery data. Egg production is raised slightly from last month. For 2023, the red meat and poultry production forecast is raised on higher beef and broiler production. The beef forecast was raised, reflecting higher expected placements in late 2022 which will be marketed in the first half of 2023. Broiler production is raised on higher expected eggs set and chicks placed during the year. Turkey production is lowered slightly, as first quarter production is expected to be close to 2022 levels. The pace of egg production growth for 2022 is expected to carry into early 2023, supporting a higher forecast. The beef import forecast for 2022 is lowered on July trade data and expectations of slower imports, largely from Oceania during the remainder of the year ; the export forecast is unchanged. Beef import and export forecasts for 2023 are unchanged. Pork imports and exports are both lowered for 2022 on recent data. For 2023, pork imports are lowered but the export forecast is unchanged. The b roiler export forecast for 2022 is lowered on recent data and expectations of slowing demand in price sensit ive markets; the forecast for 2023 is unchanged. Turkey exports are unchanged for 2022 and 2023. Cattle price forecasts for 2022 are raised on current strength in demand, but forecasts for 2023 are unchanged. The 2022 hog price forecast is lowered on observed prices but is unchanged for 2023. The broiler price forecasts for 2022 and 2023 are lowered on higher forecast production. Turkey price forecasts for 2022 are unchanged, while 2023 prices are raised as a result of the lowered early -year production forecasts. The 2022 egg price forecast is raised as second half prices are expected to be supported by firm demand; as demand strength is expected to continue in early 2023, the first quarter price forecast is also raised. The milk production forecasts for 2022 and 2023 are lowered from last month. Milk cow numbers are reduced, reflecting the average July 2022 cow number reported in the recent Milk Production report. S lower growth in cow numbers is carried through late 2022 and is expected to carry i nto 2023. Output -per-cow is forecast to increase at a slightly more rapid pace in 2022 but the forecast for 2023 is unchanged. Fat and skim -solids basis imports for 2022 and 2023 are raised, largely driven by recent trade data and higher expected imports of cheese throughout the forecast period. Exports for both years are raised on expectations of stronger whey, lactose, and cheese exports, which are projected to be price competitive. For 2022, forecasts for butter prices and nonfat dry milk (NDM) are r aised slightly on current price strength, but cheese and whey prices are unchanged. Both Class III and Class IV prices are raised, reflecting changes in their component values. For 2023, forecasts for butter and NDM are raised on tighter supplies, cheese is lowered slightly, while whey prices are unchanged. The Class III price is unchanged while the Class IV price forecast is raised WASDE- 628-5 on higher butter prices . The 2022 all milk price forecast is raised to $25.45 per cwt and the 2023 all milk price is raise d to $22.70 per cwt. COTTON : The 2022/23 U.S. cotton projections include higher beginning stocks, production, exports, and ending stocks this month. Beginning stocks are increased 250,000 bales, largely reflecting 2021/22 reported ending stocks data from the Agricultural Marketing Service and the NASS Cotton System Consumption and Stocks report. Production is 1.3 million bales higher at 13.8 million, with higher production expected in most major producing states. Exports are projected 600,000 bales higher this month as the U.S. shar e of exportable supplies rises, and ending stocks are 900,000 bales higher at 2.7 million bales. The season- average price for upland cotton is forecast at 96 cents per pound, 1 cent lower than in August. The 2022/23 world cotton projections include higher production and ending stocks relative to last month, and lower consumption. World production is projected 1.4 million bales higher as more production in the United States, Australia, China, and Turkey offset decreases for Pakistan, Uzbekistan, and Togo. World consumption is 460,000 bales lower, with reductions in Pakistan and Vietnam. World trade is unchanged as higher U.S., Australia, and Mexico exports offset lower expected shipments from Brazil and Uzbekistan. On the import side, a 200,000- bale increase in Pakistan’s expected imports offsets reduced expectations for Turkey and Vietnam. World ending stocks are 2.0 million bales higher this month, at 84.8 million bales. Approved by the Secretary of Agriculture and by the Chairman of the World Agricultural Outlook Board, Mark Jekanowski , (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: SETH MEYER SECRETARY OF AGRICULTURE DESIGNATE WASDE- 628-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone, ICEC Chair, WAOB, [email protected] Andrew Sowell , ERS; Rachel Trego, FAS; Bruce McWilliams, FPAC. Rice: Mark Simone, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Todd Hubbs, ERS; Kevin Min, FAS; Jacob Vuillemin, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Maria Bukowski, ERS; Bill George, FAS; Gustavo Ferreira, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; Graham Soley, FAS; Kent Lanclos, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Vida Ab adam, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; John Brower, FAS; Georgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Grace Grossen, ERS; Claire Mezoughem, FAS; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Angel Teran, ERS; Paul Kiendl, FAS; Georgi Gabrielyan, FPAC. In 2022 the WASDE report will be released on Oct 12, Nov 9, and Dec 9. WASDE- 628-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Producti on .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subsc riptions ...................................................................... 40 September 2022 WASDE - 628 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2020/21 2724.90 3542.78 487.81 2741.33 801.45 2021/22 (Est.) 2801.01 3602.46 509.35 2803.22 799.24 filler filler filler filler filler 2022/23 (Proj.) Aug 2761.52 3560.99 491.77 2783.49 777.50 2022/23 (Proj.) Sep 2755.53 3554.77 488.85 2782.95 771.82 filler filler filler filler filler Wheat 2020/21 774.53 1072.74 203.40 782.19 290.55 2021/22 (Est.) 779.90 1070.46 203.17 794.78 275.67 filler filler filler filler filler 2022/23 (Proj.) Aug 779.60 1055.94 208.65 788.60 267.34 2022/23 (Proj.) Sep 783.92 1059.59 208.89 791.02 268.57 filler filler filler filler filler Coarse Grains 5/ 2020/21 1441.10 1778.53 233.49 1455.63 322.90 2021/22 (Est.) 1506.03 1828.93 251.43 1490.25 338.68 filler filler filler filler filler 2022/23 (Proj.) Aug 1469.49 1807.79 228.45 1476.15 331.64 2022/23 (Proj.) Sep 1463.62 1802.30 226.35 1472.61 329.68 filler filler filler filler filler Rice, milled 2020/21 509.26 691.51 50.92 503.51 188.00 2021/22 (Est.) 515.08 703.08 54.75 518.19 184.89 filler filler filler filler filler 2022/23 (Proj.) Aug 512.44 697.25 54.67 518.74 178.52 2022/23 (Proj.) Sep 507.99 692.88 53.61 519.32 173.56 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2020/21 429.86 516.87 107.23 351.24 58.40 2021/22 (Est.) 449.59 514.39 94.83 358.85 60.71 filler filler filler filler filler 2022/23 (Proj.) Aug 430.60 498.58 91.19 352.24 55.15 2022/23 (Proj.) Sep 418.86 486.60 87.83 348.22 50.56 filler filler filler filler filler Wheat 2020/21 49.75 80.46 27.05 30.41 23.00 2021/22 (Est.) 44.79 70.38 21.78 30.64 17.96 filler filler filler filler filler 2022/23 (Proj.) Aug 48.52 69.48 22.45 30.43 16.60 2022/23 (Proj.) Sep 48.52 69.48 22.45 30.43 16.60 filler filler filler filler filler Coarse Grains 5/ 2020/21 372.89 427.19 77.21 315.97 34.01 2021/22 (Est.) 398.71 435.33 70.44 323.41 41.49 filler filler filler filler filler 2022/23 (Proj.) Aug 376.49 420.83 66.23 317.21 37.39 2022/23 (Proj.) Sep 365.09 409.22 62.93 313.31 32.98 filler filler filler filler filler Rice, milled 2020/21 7.22 9.22 2.97 4.86 1.39 2021/22 (Est.) 6.09 8.68 2.61 4.81 1.26 filler filler filler filler filler 2022/23 (Proj.) Aug 5.59 8.27 2.51 4.60 1.16 2022/23 (Proj.) Sep 5.24 7.90 2.45 4.48 0.98 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). September 2022 WASDE - 628 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2020/21 2,295.03 3,025.91 380.59 2,390.09 743.05 2021/22 (Est.) 2,351.42 3,088.07 414.52 2,444.37 738.53 filler filler filler filler filler 2022/23 (Proj.) Aug 2,330.92 3,062.41 400.58 2,431.25 722.35 2022/23 (Proj.) Sep 2,336.67 3,068.17 401.03 2,434.73 721.26 filler filler filler filler filler Wheat 2020/21 724.78 992.28 176.36 751.78 267.55 2021/22 (Est.) 735.11 1,000.07 181.39 764.14 257.71 filler filler filler filler filler 2022/23 (Proj.) Aug 731.08 986.47 186.19 758.17 250.74 2022/23 (Proj.) Sep 735.40 990.11 186.44 760.59 251.97 filler filler filler filler filler Coarse Grains 5/ 2020/21 1,068.22 1,351.34 156.28 1,139.66 288.89 2021/22 (Est.) 1,107.32 1,393.60 180.99 1,166.84 297.19 filler filler filler filler filler 2022/23 (Proj.) Aug 1,092.99 1,386.96 162.22 1,158.94 294.24 2022/23 (Proj.) Sep 1,098.53 1,393.08 163.42 1,159.30 296.71 filler filler filler filler filler Rice, milled 2020/21 502.04 682.29 47.95 498.65 186.61 2021/22 (Est.) 508.99 694.40 52.14 513.38 183.63 filler filler filler filler filler 2022/23 (Proj.) Aug 506.85 688.98 52.17 514.13 177.36 2022/23 (Proj.) Sep 502.75 684.98 51.17 514.84 172.58 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2020/21 111.37 210.36 48.53 122.05 88.45 2021/22 (Est.) 115.71 204.15 43.07 119.46 84.79 filler filler filler filler filler 2022/23 (Proj.) Aug 117.01 201.73 44.58 119.09 82.77 2022/23 (Proj.) Sep 118.45 203.24 44.58 118.63 84.75 filler filler filler filler filler United States 2020/21 14.61 21.86 16.35 2.40 3.15 2021/22 (Est.) 17.52 20.68 14.62 2.55 3.75 filler filler filler filler filler 2022/23 (Proj.) Aug 12.57 16.08 12.00 2.30 1.80 2022/23 (Proj.) Sep 13.83 17.59 12.60 2.30 2.70 filler filler filler filler filler Foreign 4/ 2020/21 96.76 188.50 32.18 119.65 85.30 2021/22 (Est.) 98.18 183.47 28.45 116.91 81.04 filler filler filler filler filler 2022/23 (Proj.) Aug 104.44 185.66 32.58 116.79 80.97 2022/23 (Proj.) Sep 104.61 185.65 31.98 116.33 82.05 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. September 2022 WASDE - 628 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2020/21 607.24 719.33 191.91 508.05 115.66 2021/22 (Est.) 602.16 717.82 177.55 511.49 108.49 filler filler filler filler filler 2022/23 (Proj.) Aug 646.00 754.83 196.92 531.88 120.72 2022/23 (Proj.) Sep 644.83 753.32 196.64 532.03 119.00 filler filler filler filler filler Oilmeals 2020/21 348.32 368.31 97.01 344.12 18.35 2021/22 (Est.) 349.76 368.11 95.91 344.69 17.93 filler filler filler filler filler 2022/23 (Proj.) Aug 364.18 382.06 97.87 356.68 19.03 2022/23 (Proj.) Sep 363.92 381.85 97.81 356.51 19.20 filler filler filler filler filler Vegetable Oils 2020/21 206.45 235.88 85.40 204.85 27.67 2021/22 (Est.) 211.27 238.94 79.73 206.68 28.79 filler filler filler filler filler 2022/23 (Proj.) Aug 219.05 247.57 88.33 213.03 30.04 2022/23 (Proj.) Sep 219.21 248.00 87.96 213.37 30.41 filler filler filler filler filler United States Output Total Supply Trade Total Use 2 / Ending Stocks Oilseeds 2020/21 124.52 141.69 62.78 62.66 8.64 2021/22 (Est.) 130.54 140.33 59.36 63.91 8.18 filler filler filler filler filler 2022/23 (Proj.) Aug 132.46 141.46 59.52 65.48 8.20 2022/23 (Proj.) Sep 128.51 137.99 57.66 64.96 7.10 filler filler filler filler filler Oilmeals 2020/21 48.25 53.02 12.62 40.00 0.39 2021/22 (Est.) 49.19 53.20 12.54 40.23 0.43 filler filler filler filler filler 2022/23 (Proj.) Aug 50.44 54.72 12.93 41.24 0.54 2022/23 (Proj.) Sep 50.02 54.43 12.66 41.27 0.50 filler filler filler filler filler Vegetable Oils 2020/21 12.70 18.86 1.04 16.52 1.29 2021/22 (Est.) 13.04 19.66 1.05 17.28 1.33 filler filler filler filler filler 2022/23 (Proj.) Aug 13.38 20.14 0.87 18.08 1.19 2022/23 (Proj.) Sep 13.30 20.09 0.87 18.03 1.19 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2020/21 482.71 577.65 129.13 445.40 107.02 2021/22 (Est.) 471.61 577.49 118.19 447.57 100.31 filler filler filler filler filler 2022/23 (Proj.) Aug 513.54 613.38 137.40 466.40 112.52 2022/23 (Proj.) Sep 516.32 615.33 138.98 467.07 111.90 filler filler filler filler filler Oilmeals 2020/21 300.08 315.30 84.39 304.12 17.96 2021/22 (Est.) 300.57 314.91 83.37 304.46 17.50 filler filler filler filler filler 2022/23 (Proj.) Aug 313.73 327.34 84.94 315.44 18.49 2022/23 (Proj.) Sep 313.90 327.43 85.15 315.24 18.71 filler filler filler filler filler Vegetable Oils 2020/21 193.75 217.03 84.36 188.32 26.38 2021/22 (Est.) 198.22 219.28 78.68 189.40 27.46 filler filler filler filler filler 2022/23 (Proj.) Aug 205.67 227.42 87.45 194.94 28.85 2022/23 (Proj.) Sep 205.91 227.90 87.09 195.35 29.22 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. September 2022 WASDE - 628 - 11 U.S. Wheat Supply and Use 1/ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Aug Sep Million Acres Area Planted 44.5 46.7 47.0 47.0 Area Harvested 36.8 37.2 37.5 37.5 Bushels Yield per Harvested Acre 49.7 44.3 47.5 47.5 Million Bushels Beginning Stocks 1,028 845 660 660 Production 1,828 1,646 1,783 1,783 Imports 100 95 110 110 Supply, Total 2,956 2,586 2,553 2,553 Food 961 972 970 970 Seed 64 60 68 68 Feed and Residual 93 94 80 80 Domestic, Total 1,117 1,126 1,118 1,118 Exports 994 800 825 825 Use, Total 2,111 1,926 1,943 1,943 Ending Stocks 845 660 610 610 Avg. Farm Price ($/bu) 2/ 5.05 7.63 9.25 9.00 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2021/22 (Est.) Beginning Stocks 428 235 85 70 27 845 Production 749 297 361 201 37 1,646 Supply, Total 3/ 1,181 575 449 276 104 2,586 Domestic Use 511 226 243 77 69 1,126 Exports 317 209 112 148 14 800 Use, Total 829 435 355 224 83 1,926 Ending Stocks, Total 353 140 94 52 21 660 2022/23 (Proj.) Beginning Stocks 353 140 94 52 21 660 Production 576 463 381 289 74 1,783 Supply, Total 3/ 934 653 480 346 140 2,553 Domestic Use 433 291 220 91 83 1,118 Exports 245 235 135 180 30 825 Use, Total 678 526 355 271 113 1,943 Ending Stocks, Total Sep 256 127 125 75 27 610 Ending Stocks, Total Aug 256 127 125 75 27 610 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. September 2022 WASDE - 628 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Aug Sep Million Acres Area Planted 102.3 105.9 101.5 100.4 Area Harvested 90.6 94.5 90.4 89.5 Metric Tons Yield per Harvested Acre 4.11 4.22 4.16 4.08 Million Metric Tons Beginning Stocks 51.8 34.0 41.6 41.5 Production 372.6 398.5 376.2 364.8 Imports 2.2 2.4 2.5 2.4 Supply, Total 426.6 434.8 420.3 408.7 Feed and Residual 146.6 146.2 138.3 135.7 Food, Seed & Industrial 168.9 176.6 178.3 177.1 Domestic, Total 315.4 322.9 316.7 312.8 Exports 77.2 70.4 66.2 62.9 Use, Total 392.6 393.3 382.9 375.7 Ending Stocks 34.0 41.5 37.4 33.0 CORN 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. August September Million Acres Area Planted 90.7 93.4 89.8 88.6 Area Harvested 82.3 85.4 81.8 80.8 Bushels Yield per Harvested Acre 171.4 177.0 175.4 172.5 Million Bushels Beginning Stocks 1,919 1,235 1,530 1,525 Production 14,111 15,115 14,359 13,944 Imports 24 25 25 25 Supply, Total 16,055 16,375 15,913 15,494 Feed and Residual 5,603 5,600 5,325 5,225 Food, Seed & Industrial 2/ 6,471 6,775 6,825 6,775 Ethanol & by -products 3/ 5,033 5,330 5,375 5,325 Domestic, Total 12,074 12,375 12,150 12,000 Exports 2,747 2,475 2,375 2,275 Use, Total 14,821 14,850 14,525 14,275 Ending Stocks 1,235 1,525 1,388 1,219 Avg. Farm Price ($/bu) 4/ 4.53 5.95 6.65 6.75 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed -grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by- products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. September 2022 WASDE - 628 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Aug Sep Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 5.9 7.3 6.3 6.4 Area Harvested (mil. acres) 5.1 6.5 5.4 5.5 Yield (bushels/acre) 73.2 69.0 53.2 46.0 Beginning Stocks 30 20 53 53 Production 373 448 286 252 Imports 0 0 0 0 Supply, Total 403 468 339 305 Feed and Residual 97 90 65 65 Food, Seed & Industrial 7 35 25 25 Total Domestic 104 125 90 90 Exports 279 290 225 195 Use, Total 383 415 315 285 Ending Stocks 20 53 24 20 Avg. Farm Price ($/bu) 2/ 5.04 5.90 6.55 6.65 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. August September Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.7 2.7 3.0 3.0 Area Harvested (mil. acres) 2.2 1.9 2.4 2.4 Yield (bushels/acre) 77.2 60.4 66.3 66.3 Beginning Stocks 80 71 42 42 Production 171 118 158 158 Imports 7 15 9 9 Supply, Total 258 204 209 209 Feed and Residual 26 39 10 10 Food, Seed & Industrial 147 115 145 145 Total Domestic 172 154 155 155 Exports 14 7 7 7 Use, Total 186 162 162 162 Ending Stocks 71 42 47 47 Avg. Farm Price ($/bu) 2/ 4.75 5.31 6.95 6.90 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. August September Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.0 2.6 2.4 2.4 Area Harvested (mil. acres) 1.0 0.7 0.8 0.8 Yield (bushels/acre) 65.1 61.3 66.1 66.1 Beginning Stocks 37 38 33 33 Production 66 40 53 53 Imports 85 81 95 90 Supply, Total 188 159 180 175 Feed and Residual 68 44 65 60 Food, Seed & Industrial 78 80 81 81 Total Domestic 147 124 146 141 Exports 3 3 2 2 Use, Total 150 126 148 143 Ending Stocks 38 33 32 32 Avg. Farm Price ($/bu) 2/ 2.77 4.55 5.80 5.80 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. September 2022 WASDE - 628 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Aug Sep Million Acres Area Planted 3.04 2.53 2.34 2.22 Area Harvested 2.99 2.49 2.31 2.18 Fil ler Pounds Yield per Harvested Acre 7,619 7,709 7,627 7,586 Million Hundredweight Beginning Stocks 2/ 28.7 43.7 41.5 39.7 Production 227.5 191.8 176.0 165.1 Imports 34.1 37.8 43.0 44.0 Supply, Total 290.2 273.2 260.5 248.9 Domestic & Residual 3/ 153.1 151.4 145.0 141.0 Exports, Total 4/ 93.5 82.2 79.0 77.0 Rough 34.6 28.3 32.0 29.0 Milled (rough equiv.) 58.9 53.9 47.0 48.0 Use, Total 246.6 233.5 224.0 218.0 Ending Stocks 43.7 39.7 36.5 30.9 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 14.40 15.70 18.80 19.40 Total LONG -GRAIN RICE 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. August September Harvested Acres (mil.) 2.30 1.94 Yield (pounds/acre) 7,422 7,471 Beginning Stocks 16.9 29.7 25.4 24.6 Imports 27.4 30.7 33.0 34.0 Production 170.8 144.6 140.3 132.3 Supply, Total 7/ 215.1 205.1 198.7 190.9 Domestic & Residual 3/ 120.3 119.8 115.0 112.0 Exports 8/ 65.0 60.6 60.0 58.0 Use, Total 185.3 180.4 175.0 170.0 Ending Stocks 29.7 24.6 23.7 20.9 Avg. Farm Price ($/cwt) 6/ 12.60 13.70 16.00 16.50 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. August September Harvested Acres (mil.) 0.69 0.55 Yield (pounds/acre) 8,282 8,543 Beginning Stocks 10.7 11.5 13.6 13.0 Imports 6.7 7.1 10.0 10.0 Production 56.7 47.2 35.7 32.8 Supply, Total 7/ 72.7 66.2 59.3 55.9 Domestic & Residual 3/ 32.8 31.6 30.0 29.0 Exports 8/ 28.5 21.5 19.0 19.0 Use, Total 61.2 53.1 49.0 48.0 Ending Stocks 11.5 13.0 10.3 7.9 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 20.10 22.00 27.00 27.90 California 10/ 22.60 25.70 32.00 33.00 Other States 1/ 13.00 14.10 16.50 17.00 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2017/18 -1.4; 2018/19-2.1; 2019/20 -1.0. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing -year weighted average price received by farme rs. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The California medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the f inal price may differ. 10/ Marketing year beginning October 1. September 2022 WASDE - 628 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Aug Sep Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 83.4 87.2 88.0 87.5 Area Harvested 82.6 86.3 87.2 86.6 Fil ler Bushels Yield per Harvested Acre 51.0 51.4 51.9 50.5 Million Bushels Beginning Stocks 525 257 225 240 Production 4,216 4,435 4,531 4,378 Imports 20 15 15 15 Supply, Total 4,761 4,707 4,771 4,633 Crushings 2,141 2,205 2,245 2,225 Exports 2,266 2,145 2,155 2,085 Seed 101 102 102 102 Residual -4 16 24 21 Use, Total 4,504 4,467 4,526 4,433 Ending Stocks 257 240 245 200 Avg. Farm Price ($/bu) 2/ 10.80 13.30 14.35 14.35 Total SOYBEAN OIL 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. August September Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,853 2,131 2,101 2,151 Production 4/ 25,023 26,105 26,310 26,075 Imports 302 325 500 500 Supply, Total 27,177 28,561 28,911 28,726 Domestic Disappearance 23,314 24,635 25,700 25,500 Biofuel 3/ 8,920 10,200 12,000 11,800 Food, Feed & other Industrial 14,394 14,435 13,700 13,700 Exports 1,731 1,775 1,400 1,400 Use, Total 25,046 26,410 27,100 26,900 Ending stocks 2,131 2,151 1,811 1,826 Avg. Price (c/lb) 2/ 56.87 73.00 69.00 69.00 Total SOYBEAN MEAL 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. August September Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 341 341 400 400 Production 4/ 50,565 51,734 52,850 52,350 Imports 784 625 450 600 Supply, Total 51,691 52,700 53,700 53,350 Domestic Disappearance 37,674 38,700 39,200 39,200 Exports 13,675 13,600 14,000 13,700 Use, Total 51,350 52,300 53,200 52,900 Ending Stocks 341 400 500 450 Avg. Price ($/s.t.) 2/ 392.31 440.00 390.00 390.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects soybean oil used for biofuels as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,205 million bushe ls for 2021/22 and 2,225 million bushels for 2022/23. September 2022 WASDE - 628 - 16 U.S. Sugar Supply and Use 1/ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Aug Sep Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,618 1,705 1,828 1,753 Production 2/ 9,233 9,065 9,151 9,141 Beet Sugar 5,092 5,102 5,138 5,119 Cane Sugar 4,141 3,963 4,013 4,021 Florida 2,090 1,933 2,000 1,968 Louisiana 1,918 1,906 1,910 1,950 Texas 134 124 103 103 Imports 3,221 3,673 3,501 3,481 TRQ 3/ 1,749 1,648 1,445 1,562 Other Program 4/ 292 300 250 250 Non-program 1,180 1,725 1,806 1,669 Mexico 968 1,355 1,756 1,619 High -tier tariff/other 212 370 50 50 Total Supply 14,072 14,443 14,479 14,375 Exports 49 35 35 35 Deliveries 12,277 12,655 12,630 12,630 Food 12,161 12,550 12,525 12,525 Other 5/ 116 105 105 105 Miscellaneous 40 0 0 0 Total Use 12,367 12,690 12,665 12,665 Ending Stocks 1,705 1,753 1,814 1,710 Stocks to Use Ratio 13.8 13.8 14.3 13.5 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2021/22 and 2022/23 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2021/22, WTO raw sugar TRQ shortfall (77) and for 2022/23 (99). 4/ Composed of sugar under the re-export and polyhydric alcohol programs. 5/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE - reported deliveries: 2020/21 -- 298; estimated 2021/22 -- 314; projected 2022/23 -- 315 Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2021/22 Est. Aug 1,053 6,185 50 4,547 1,794 947 2021/22 Est. Sep 1,053 6,185 50 4,547 1,794 947 2022/23 Proj. Aug 947 6,000 50 4,547 1,503 947 2022/23 Proj. Sep 947 6,000 50 4,547 1,503 947 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2020/21 = 1,320; Estimated 2020/21 = 1,310; Projected 2022/23 = 1,317; Estimated Oct - July 2022 = 1,077, Oct - July 2021 = 1,096. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2021/22 (497 est =462 dom.+35 import); 2022/23 (497 proj = 462 dom.+35 import). Statistical Adjustments: 2021/22 (0), 2022/23 (0). September 2022 WASDE - 628 - 17 U.S. Cotton Supply and Use 1/ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Aug Sep Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 12.09 11.22 12.48 13.79 Harvested 8.22 10.27 7.13 7.88 Fil ler Pounds Yield per Harvested Acre 853 819 846 843 Million 480 Pound Bales Beginning Stocks 7.25 3.15 3.50 3.75 Production 14.61 17.52 12.57 13.83 Imports 0.00 0.01 0.01 0.01 Supply, Total 21.86 20.68 16.08 17.59 Domestic Use 2.40 2.55 2.30 2.30 Exports, Total 16.35 14.62 12.00 12.60 Use, Total 18.75 17.17 14.30 14.90 Unaccounted 2/ -0.04 -0.24 -0.03 -0.01 Ending Stocks 3.15 3.75 1.80 2.70 Avg. Farm Price 3/ 66.3 92.0 97.0 96.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. September 2022 WASDE - 628 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 298.21 774.53 195.37 157.94 782.19 203.40 290.55 World Less China 148.20 640.28 184.75 117.94 632.19 202.64 146.43 United States 27.99 49.75 2.73 2.54 30.41 27.05 23.00 Total Foreign 270.23 724.78 192.64 155.41 751.78 176.36 267.55 Major Exporters 4/ 32.38 322.46 6.66 72.80 179.40 147.50 34.61 Argentina 2.36 17.64 0.01 0.05 6.35 11.53 2.12 Australia 2.68 31.92 0.20 4.50 8.00 23.85 2.96 Canada 5.50 35.44 0.55 4.15 9.10 26.43 5.95 European Union 5/ 13.11 126.69 5.38 42.50 104.75 29.74 10.69 Russia 7.23 85.35 0.40 19.00 42.50 39.10 11.38 Ukraine 1.50 25.42 0.13 2.60 8.70 16.85 1.51 Major Importers 6/ 193.75 200.40 125.06 57.58 323.55 12.62 183.04 Bangladesh 1.76 1.18 7.20 0.50 8.00 0.00 2.14 Brazil 1.99 6.25 6.40 0.40 11.80 0.93 1.91 China 150.02 134.25 10.62 40.00 150.00 0.76 144.12 Japan 1.21 1.00 5.49 0.65 6.25 0.30 1.15 N. Africa 7/ 14.36 15.81 28.50 1.75 46.72 0.80 11.14 Nigeria 0.30 0.06 6.59 0.05 5.55 0.60 0.79 Sel. Mideast 8/ 11.79 20.62 17.74 3.54 38.83 0.62 10.70 Southeast Asia 9/ 5.91 0.00 25.84 7.29 25.05 1.14 5.56 Selected Other India 24.70 107.86 0.02 6.50 102.22 2.56 27.80 Kazakhstan 0.66 14.26 1.00 1.45 6.25 8.19 1.48 United Kingdom 2.44 9.66 3.22 5.96 13.46 0.45 1.42 2021/22 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 290.55 779.90 197.99 161.04 794.78 203.17 275.67 World Less China 146.43 642.96 188.42 126.04 646.78 202.30 133.92 United States 23.00 44.79 2.59 2.57 30.64 21.78 17.96 Total Foreign 267.55 735.11 195.40 158.47 764.14 181.39 257.71 Major Exporters 4/ 34.61 327.60 5.85 78.73 186.03 142.75 39.28 Argentina 2.12 22.50 0.00 0.05 6.35 16.50 1.78 Australia 2.96 36.35 0.20 5.00 8.50 27.50 3.50 Canada 5.95 22.30 0.60 5.18 10.18 15.00 3.67 European Union 5/ 10.69 138.29 4.61 45.00 108.25 31.90 13.43 Russia 11.38 75.16 0.30 19.50 42.75 33.00 11.09 Ukraine 1.51 33.01 0.14 4.00 10.00 18.84 5.81 Major Importers 6/ 183.04 203.23 130.29 53.53 323.40 15.49 177.66 Bangladesh 2.14 1.13 6.34 0.60 8.30 0.00 1.31 Brazil 1.91 7.70 6.50 0.45 11.75 3.20 1.16 China 144.12 136.95 9.57 35.00 148.00 0.88 141.76 Japan 1.15 1.13 5.61 0.75 6.30 0.30 1.28 N. Africa 7/ 11.14 20.43 26.85 1.87 47.02 0.41 11.00 Nigeria 0.79 0.09 6.19 0.05 5.85 0.60 0.62 Sel. Mideast 8/ 10.70 16.50 22.90 3.88 38.78 0.75 10.57 Southeast Asia 9/ 5.56 0.00 26.49 7.30 25.40 1.28 5.37 Selected Other India 27.80 109.59 0.03 7.00 109.88 8.03 19.50 Kazakhstan 1.48 11.81 2.50 1.30 6.10 8.20 1.49 United Kingdom 1.42 13.99 2.63 7.40 15.40 0.83 1.81 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2022 WASDE - 628 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Aug 276.35 779.60 203.89 152.79 788.60 208.65 267.34 Sep 275.67 783.92 204.14 155.21 791.02 208.89 268.57 World Less China Aug 134.59 641.60 194.39 122.79 644.60 207.75 122.98 Sep 133.92 645.92 194.64 125.21 647.02 207.99 124.21 United States Aug 17.96 48.52 2.99 2.18 30.43 22.45 16.60 Sep 17.96 48.52 2.99 2.18 30.43 22.45 16.60 Total Foreign Aug 258.38 731.08 200.90 150.61 758.17 186.19 250.74 Sep 257.71 735.40 201.15 153.04 760.59 186.44 251.97 Major Exporters 4/ Aug 39.66 326.60 6.71 77.05 185.20 150.50 37.26 Sep 39.28 330.60 6.71 79.55 187.70 150.50 38.38 Argentina Aug 1.78 19.00 0.01 0.05 6.35 13.00 1.43 Sep 1.78 19.00 0.01 0.05 6.35 13.00 1.43 Australia Aug 3.46 33.00 0.20 5.00 8.55 25.00 3.11 Sep 3.50 33.00 0.20 5.00 8.55 25.00 3.15 Canada Aug 3.42 35.00 0.60 4.00 9.10 26.00 3.92 Sep 3.67 35.00 0.60 4.00 9.10 26.00 4.17 European Union 5/ Aug 13.08 132.10 5.50 43.00 107.00 33.50 10.18 Sep 13.43 132.10 5.50 44.00 108.00 33.50 9.53 Russia Aug 12.09 88.00 0.30 20.00 44.00 42.00 14.39 Sep 11.09 91.00 0.30 21.00 45.00 42.00 15.39 Ukraine Aug 5.84 19.50 0.10 5.00 10.20 11.00 4.24 Sep 5.81 20.50 0.10 5.50 10.70 11.00 4.71 Major Importers 6/ Aug 177.86 204.35 134.50 47.30 321.02 15.22 180.47 Sep 177.66 205.10 134.30 47.25 320.97 15.47 180.62 Bangladesh Aug 1.37 1.10 7.00 0.60 8.50 0.00 0.97 Sep 1.31 1.10 7.00 0.60 8.50 0.00 0.91 Brazil Aug 1.16 8.70 6.40 0.55 11.95 3.00 1.31 Sep 1.16 8.70 6.40 0.50 11.90 3.20 1.16 China Aug 141.76 138.00 9.50 30.00 144.00 0.90 144.36 Sep 141.76 138.00 9.50 30.00 144.00 0.90 144.36 Japan Aug 1.28 1.15 5.70 0.65 6.20 0.30 1.63 Sep 1.28 1.15 5.70 0.65 6.20 0.30 1.63 N. Africa 7/ Aug 11.02 17.15 30.20 1.77 47.52 0.51 10.34 Sep 11.00 17.60 30.20 1.77 47.52 0.50 10.78 Nigeria Aug 0.63 0.11 6.50 0.00 6.00 0.60 0.64 Sep 0.62 0.11 6.50 0.00 6.00 0.60 0.63 Sel. Mideast 8/ Aug 10.48 17.59 23.32 3.88 39.58 0.77 11.05 Sep 10.57 17.59 23.32 3.88 39.58 0.77 11.13 Southeast Asia 9/ Aug 5.48 0.00 26.23 6.70 25.20 1.15 5.36 Sep 5.37 0.00 26.23 6.70 25.20 1.15 5.25 Selected Other India Aug 19.50 103.00 0.03 6.50 104.50 6.50 11.53 Sep 19.50 103.00 0.03 6.50 104.50 6.50 11.53 Kazakhstan Aug 1.49 13.00 1.00 1.30 6.10 8.00 1.39 Sep 1.49 13.00 1.00 1.30 6.10 8.00 1.39 United Kingdom Aug 1.77 14.60 2.00 7.60 15.60 1.00 1.77 Sep 1.81 14.60 2.00 7.60 15.60 1.00 1.81 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some co untries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirat es, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2022 WASDE - 628 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 337.43 1,441.10 234.17 904.07 1,455.63 233.49 322.90 World Less China 136.47 1,172.02 183.64 683.12 1,142.52 233.48 115.44 United States 51.83 372.89 2.47 146.73 315.97 77.21 34.01 Total Foreign 285.60 1,068.22 231.70 757.33 1,139.66 156.28 288.89 Major Exporters 4/ 24.24 297.33 5.46 134.75 181.05 126.63 19.35 Argentina 4.57 60.01 0.02 11.29 17.02 45.52 2.06 Australia 3.01 18.56 0.00 6.21 8.08 10.50 2.98 Brazil 5.82 90.32 3.35 62.42 73.86 21.04 4.60 Canada 3.98 29.64 1.89 16.69 24.65 7.26 3.61 Russia 1.87 41.40 0.09 21.47 31.04 10.42 1.90 Ukraine 2.55 39.59 0.07 9.25 12.41 28.15 1.65 Major Importers 5/ 36.35 252.76 137.73 294.54 377.05 13.22 36.58 European Union 6/ 14.16 155.46 15.87 119.91 159.41 11.45 14.63 Japan 1.74 0.23 16.98 13.45 17.29 0.00 1.66 Mexico 4.14 32.66 17.15 30.34 49.84 0.51 3.60 N. Afr & Mideast 7/ 7.76 32.61 38.78 63.17 71.38 0.69 7.08 Saudi Arabia 1.72 0.19 10.03 10.25 10.61 0.00 1.33 Southeast Asia 8/ 3.82 31.30 22.65 43.43 51.72 0.57 5.49 South Korea 2.02 0.24 11.80 9.47 12.03 0.00 2.04 Selected Other China 200.96 269.08 50.53 220.95 313.11 0.01 207.46 2021/22 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 322.90 1,506.03 228.03 911.86 1,490.25 251.43 338.68 World Less China 115.44 1,225.18 185.68 684.31 1,170.50 251.38 127.82 United States 34.01 398.71 2.61 146.39 323.41 70.44 41.49 Total Foreign 288.89 1,107.32 225.41 765.47 1,166.84 180.99 297.19 Major Exporters 4/ 19.35 335.37 9.17 144.40 190.45 149.27 24.18 Argentina 2.06 62.66 0.01 11.77 17.49 44.80 2.42 Australia 2.98 18.76 0.00 5.55 7.43 11.68 2.63 Brazil 4.60 120.62 2.67 66.10 78.19 44.52 5.18 Canada 3.61 24.43 6.35 17.89 25.72 5.54 3.13 Russia 1.90 38.54 0.10 22.23 31.11 7.58 1.85 Ukraine 1.65 53.51 0.02 13.45 16.58 31.95 6.66 Major Importers 5/ 36.58 248.54 136.75 287.31 370.72 15.10 36.05 European Union 6/ 14.63 154.41 20.06 119.47 159.09 13.52 16.48 Japan 1.66 0.24 16.82 13.41 17.15 0.00 1.57 Mexico 3.60 32.77 18.36 30.95 50.67 0.25 3.82 N. Afr & Mideast 7/ 7.08 29.37 40.09 60.57 69.32 0.69 6.53 Saudi Arabia 1.33 0.20 7.71 7.45 7.81 0.00 1.43 Southeast Asia 8/ 5.49 31.25 17.61 41.80 50.19 0.64 3.53 South Korea 2.04 0.22 11.61 9.24 11.81 0.00 2.06 Selected Other China 207.46 280.85 42.35 227.55 319.75 0.05 210.86 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, an d Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indone sia, Malaysia, Philippines, Thailand, and Vietnam. September 2022 WASDE - 628 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Aug 338.30 1,469.49 221.14 907.63 1,476.15 228.45 331.64 Sep 338.68 1,463.62 219.57 905.66 1,472.61 226.35 329.68 World Less China Aug 127.45 1,190.19 185.29 677.58 1,154.90 228.40 126.93 Sep 127.82 1,181.32 183.72 675.61 1,151.36 226.30 121.98 United States Aug 41.61 376.49 2.72 138.51 317.21 66.23 37.39 Sep 41.49 365.09 2.64 135.89 313.31 62.93 32.98 Total Foreign Aug 296.69 1,092.99 218.42 769.11 1,158.94 162.22 294.24 Sep 297.19 1,098.53 216.93 769.77 1,159.30 163.42 296.71 Major Exporters 4/ Aug 24.56 336.37 4.50 146.98 193.46 137.74 34.24 Sep 24.18 340.64 3.50 148.58 195.33 138.94 34.05 Argentina Aug 2.42 64.91 0.01 11.95 17.76 47.20 2.37 Sep 2.42 64.91 0.01 11.96 17.77 47.20 2.37 Australia Aug 2.39 15.22 0.00 5.02 6.90 8.58 2.13 Sep 2.63 16.67 0.00 5.52 7.40 9.38 2.53 Brazil Aug 5.18 130.54 1.80 69.50 81.99 47.03 8.50 Sep 5.18 130.54 1.80 69.50 81.99 47.03 8.51 Canada Aug 3.06 29.35 2.54 17.30 24.79 6.75 3.40 Sep 3.13 29.70 1.54 16.80 24.29 6.65 3.44 Russia Aug 1.85 41.00 0.10 21.90 31.00 10.15 1.81 Sep 1.85 42.00 0.10 22.50 31.90 10.15 1.91 Ukraine Aug 7.37 37.46 0.00 13.92 17.05 14.33 13.46 Sep 6.66 38.96 0.00 14.92 18.05 14.83 12.74 Major Importers 5/ Aug 35.33 237.36 140.32 285.63 368.88 10.89 33.24 Sep 36.05 235.78 139.82 284.85 367.90 10.89 32.86 European Union 6/ Aug 15.58 140.61 20.22 113.69 153.07 9.27 14.07 Sep 16.48 139.41 20.22 113.69 153.07 9.27 13.77 Japan Aug 1.57 0.24 16.67 13.06 16.95 0.00 1.53 Sep 1.57 0.24 16.67 13.06 16.95 0.00 1.53 Mexico Aug 4.06 33.50 18.57 31.74 51.46 0.60 4.07 Sep 3.82 33.50 18.57 31.54 51.26 0.60 4.02 N. Afr & Mideast 7/ Aug 6.41 31.11 39.41 61.78 70.30 0.44 6.19 Sep 6.53 30.83 39.41 61.70 70.02 0.44 6.32 Saudi Arabia Aug 1.43 0.19 8.71 8.75 9.11 0.00 1.23 Sep 1.43 0.19 8.71 8.75 9.11 0.00 1.23 Southeast Asia 8/ Aug 3.58 31.41 20.66 42.95 51.50 0.58 3.56 Sep 3.53 31.31 20.16 42.45 51.00 0.58 3.40 South Korea Aug 2.06 0.22 11.60 9.24 11.80 0.00 2.09 Sep 2.06 0.22 11.60 9.24 11.80 0.00 2.09 Selected Other China Aug 210.86 279.30 35.85 230.05 321.25 0.05 204.71 Sep 210.86 282.30 35.85 230.05 321.25 0.05 207.71 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit , and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Afr ica and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade ex cludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2022 WASDE - 628 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 307.46 1,129.29 185.20 724.14 1,143.97 182.60 292.78 World Less China 106.93 868.62 155.69 521.14 858.97 182.60 87.07 United States 48.76 358.45 0.62 142.32 306.69 69.78 31.36 Total Foreign 258.70 770.85 184.59 581.82 837.29 112.83 261.42 Major Exporters 4/ 13.37 200.12 2.92 91.02 113.82 93.55 9.04 Argentina 3.62 52.00 0.01 9.50 13.50 40.94 1.18 Brazil 5.33 87.00 2.85 59.50 70.00 21.02 4.15 Russia 0.83 13.87 0.04 8.90 10.00 3.99 0.75 South Africa 2.12 16.95 0.01 7.22 13.22 3.73 2.12 Ukraine 1.48 30.30 0.02 5.90 7.10 23.86 0.83 Major Importers 5/ 20.81 132.60 92.89 164.27 219.53 4.79 21.98 Egypt 1.73 6.40 9.63 13.90 16.40 0.01 1.36 European Union 6/ 7.38 67.44 14.49 57.20 77.70 3.74 7.88 Japan 1.39 0.01 15.48 12.00 15.45 0.00 1.42 Mexico 3.52 27.35 16.50 25.60 43.80 0.48 3.08 Southeast Asia 7/ 3.81 31.25 20.69 41.65 49.70 0.57 5.48 South Korea 2.00 0.09 11.71 9.42 11.78 0.00 2.02 Selected Other Canada 2.56 13.56 1.58 8.59 13.98 1.56 2.17 China 200.53 260.67 29.51 203.00 285.00 0.00 205.70 2021/22 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2 / Exports Ending Stocks World 3/ 292.78 1,219.76 181.81 746.86 1,200.40 203.26 312.14 World Less China 87.07 947.20 158.81 537.86 909.40 203.24 101.90 United States 31.36 383.94 0.64 142.25 314.34 62.87 38.73 Total Foreign 261.42 835.81 181.17 604.61 886.06 140.39 273.41 Major Exporters 4/ 9.04 242.65 2.07 99.30 122.50 116.70 14.56 Argentina 1.18 53.00 0.01 9.80 13.70 39.00 1.49 Brazil 4.15 116.00 2.00 62.00 73.00 44.50 4.65 Russia 0.75 15.23 0.05 10.00 11.10 4.00 0.93 South Africa 2.12 16.30 0.00 7.30 13.30 3.20 1.92 Ukraine 0.83 42.13 0.02 10.20 11.40 26.00 5.57 Major Importers 5/ 21.98 136.54 92.72 167.30 222.65 6.69 21.90 Egypt 1.36 7.44 9.20 13.90 16.40 0.01 1.59 European Union 6/ 7.88 70.98 18.50 61.30 81.90 5.80 9.66 Japan 1.42 0.01 15.30 12.00 15.35 0.00 1.38 Mexico 3.08 26.75 17.50 25.80 44.00 0.25 3.08 Southeast Asia 7/ 5.48 31.20 16.32 40.70 48.85 0.63 3.52 South Korea 2.02 0.08 11.50 9.20 11.55 0.00 2.05 Selected Other Canada 2.17 13.98 6.10 12.50 17.90 2.15 2.20 China 205.70 272.55 23.00 209.00 291.00 0.02 210.24 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2022 WASDE - 628 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Aug 311.84 1,179.61 179.78 746.01 1,184.77 185.62 306.68 Sep 312.14 1,172.58 178.25 743.05 1,180.18 183.58 304.53 World Less China Aug 101.60 908.61 161.78 532.01 889.77 185.60 102.46 Sep 101.90 898.58 160.25 529.05 885.18 183.56 97.32 United States Aug 38.86 364.73 0.64 135.26 308.62 60.33 35.27 Sep 38.73 354.19 0.64 132.72 304.81 57.79 30.95 Total Foreign Aug 272.98 814.88 179.14 610.75 876.14 125.29 271.41 Sep 273.41 818.39 177.62 610.33 875.37 125.79 273.58 Major Exporters 4/ Aug 15.26 243.30 1.36 103.30 127.20 108.20 24.52 Sep 14.56 244.80 1.36 104.30 128.20 108.70 23.82 Argentina Aug 1.49 55.00 0.01 10.00 14.00 41.00 1.49 Sep 1.49 55.00 0.01 10.00 14.00 41.00 1.49 Brazil Aug 4.65 126.00 1.30 65.50 77.00 47.00 7.95 Sep 4.65 126.00 1.30 65.50 77.00 47.00 7.95 Russia Aug 0.93 15.00 0.05 10.00 11.20 4.00 0.78 Sep 0.93 15.00 0.05 10.00 11.20 4.00 0.78 South Africa Aug 1.92 17.30 0.00 7.30 13.30 3.70 2.22 Sep 1.92 17.30 0.00 7.30 13.30 3.70 2.22 Ukraine Aug 6.27 30.00 0.00 10.50 11.70 12.50 12.07 Sep 5.57 31.50 0.00 11.50 12.70 13.00 11.37 Major Importers 5/ Aug 21.20 126.57 95.80 164.00 219.45 3.89 20.23 Sep 21.90 125.27 95.30 163.30 218.75 3.89 19.83 Egypt Aug 1.59 7.44 9.20 13.90 16.40 0.01 1.83 Sep 1.59 7.44 9.20 13.90 16.40 0.01 1.83 European Union 6/ Aug 8.66 60.00 19.00 57.00 77.40 2.70 7.56 Sep 9.66 58.80 19.00 57.00 77.40 2.70 7.36 Japan Aug 1.38 0.01 15.20 11.70 15.20 0.00 1.39 Sep 1.38 0.01 15.20 11.70 15.20 0.00 1.39 Mexico Aug 3.33 27.60 17.70 26.50 44.70 0.60 3.33 Sep 3.08 27.60 17.70 26.30 44.50 0.60 3.28 Southeast Asia 7/ Aug 3.58 31.36 18.80 41.30 49.60 0.58 3.55 Sep 3.52 31.26 18.30 40.80 49.10 0.58 3.40 South Korea Aug 2.05 0.08 11.50 9.20 11.55 0.00 2.08 Sep 2.05 0.08 11.50 9.20 11.55 0.00 2.08 Selected Other Canada Aug 2.20 14.00 2.50 9.70 14.90 1.60 2.20 Sep 2.20 14.50 1.50 9.20 14.40 1.60 2.20 China Aug 210.24 271.00 18.00 214.00 295.00 0.02 204.22 Sep 210.24 274.00 18.00 214.00 295.00 0.02 207.22 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2022 WASDE - 628 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 182.25 509.26 46.45 503.51 50.92 188.00 World Less China 65.75 360.96 42.23 353.22 48.70 71.50 United States 0.91 7.22 1.08 4.86 2.97 1.39 Total Foreign 181.34 502.04 45.37 498.65 47.95 186.61 Major Exporters 4/ 41.22 191.63 2.01 149.52 38.31 47.03 Burma 1.01 12.60 0.00 10.50 1.90 1.21 India 33.90 124.37 0.00 101.07 20.20 37.00 Pakistan 1.15 8.42 0.01 3.80 3.88 1.90 Thailand 3.98 18.86 0.20 12.70 6.06 4.28 Vietnam 1.18 27.38 1.80 21.45 6.27 2.64 Major Importers 5/ 128.87 240.06 17.05 255.07 2.71 128.21 China 116.50 148.30 4.22 150.29 2.22 116.50 European Union 6/ 0.90 1.83 1.78 3.40 0.45 0.66 Indonesia 3.31 34.50 0.65 35.40 0.00 3.06 Nigeria 1.49 5.15 2.20 7.15 0.00 1.69 Philippines 3.60 12.42 2.20 14.45 0.00 3.76 Sel. Mideast 7/ 1.22 2.31 3.25 5.83 0.00 0.95 Selected Other Brazil 0.24 8.00 0.63 7.35 0.95 0.57 C. Amer & Carib 8/ 0.67 1.59 1.62 3.29 0.04 0.55 Egypt 1.23 4.00 0.22 4.30 0.01 1.15 Japan 1.98 7.57 0.65 8.20 0.11 1.89 Mexico 0.17 0.20 0.81 0.96 0.02 0.20 South Korea 1.14 3.51 0.43 4.00 0.05 1.02 2021/22 Est. Beginning Stocks Productio n Imports Total /2 Domestic Exports Ending Stocks World 3/ 188.00 515.08 53.23 518.19 54.75 184.89 World Less China 71.50 366.09 47.28 361.85 52.65 71.89 United States 1.39 6.09 1.20 4.81 2.61 1.26 Total Foreign 186.61 508.99 52.03 513.38 52.14 183.63 Major Exporters 4/ 47.03 198.68 1.21 158.14 42.70 46.08 Burma 1.21 12.35 0.00 10.40 2.30 0.87 India 37.00 130.29 0.00 109.49 21.30 36.50 Pakistan 1.90 9.32 0.01 4.00 4.90 2.33 Thailand 4.28 19.65 0.20 12.80 7.50 3.83 Vietnam 2.64 27.07 1.00 21.45 6.70 2.56 Major Importers 5/ 128.21 241.98 21.40 262.67 2.58 126.34 China 116.50 148.99 5.95 156.34 2.10 113.00 European Union 6/ 0.66 1.71 2.30 3.50 0.44 0.74 Indonesia 3.06 34.40 0.55 35.15 0.00 2.86 Nigeria 1.69 5.26 2.20 7.25 0.00 1.90 Philippines 3.76 12.54 3.60 15.40 0.00 4.50 Sel. Mideast 7/ 0.95 2.15 3.95 5.98 0.00 1.07 Selected Other Brazil 0.57 7.34 0.80 7.35 0.85 0.51 C. Amer & Carib 8/ 0.55 1.61 1.76 3.27 0.04 0.61 Egypt 1.15 2.90 0.70 4.05 0.01 0.70 Japan 1.89 7.64 0.69 8.20 0.11 1.91 Mexico 0.20 0.18 0.75 0.97 0.01 0.15 South Korea 1.02 3.88 0.44 3.95 0.06 1.34 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. September 2022 WASDE - 628 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Aug 184.82 512.44 53.10 518.74 54.67 178.52 Sep 184.89 507.99 52.15 519.32 53.61 173.56 World Less China Aug 71.82 363.44 47.10 362.14 52.27 69.52 Sep 71.89 360.99 46.65 363.22 51.41 66.36 United States Aug 1.32 5.59 1.37 4.60 2.51 1.16 Sep 1.26 5.24 1.40 4.48 2.45 0.98 Total Foreign Aug 183.50 506.85 51.74 514.13 52.17 177.36 Sep 183.63 502.75 50.75 514.84 51.17 172.58 Major Exporters 4/ Aug 45.81 197.10 1.01 156.90 42.90 44.12 Sep 46.08 194.60 0.91 158.35 42.10 41.14 Burma Aug 0.77 12.50 0.00 10.50 2.10 0.67 Sep 0.87 12.50 0.00 10.40 2.30 0.67 India Aug 36.50 128.50 0.00 107.50 22.00 35.50 Sep 36.50 126.50 0.00 109.25 20.00 33.75 Pakistan Aug 1.80 8.90 0.01 4.10 4.90 1.71 Sep 2.33 8.40 0.01 4.20 5.00 1.53 Thailand Aug 3.93 19.80 0.20 13.10 7.50 3.33 Sep 3.83 19.80 0.20 13.00 8.00 2.83 Vietnam Aug 2.81 27.40 0.80 21.70 6.40 2.91 Sep 2.56 27.40 0.70 21.50 6.80 2.36 Major Importers 5/ Aug 126.42 241.71 20.40 263.75 2.86 121.92 Sep 126.34 239.71 20.25 263.30 2.66 120.34 China Aug 113.00 149.00 6.00 156.60 2.40 109.00 Sep 113.00 147.00 5.50 156.10 2.20 107.20 European Union 6/ Aug 0.74 1.35 2.50 3.55 0.42 0.62 Sep 0.74 1.35 2.50 3.55 0.42 0.62 Indonesia Aug 2.86 34.60 0.55 35.00 0.00 3.01 Sep 2.86 34.60 0.55 35.00 0.00 3.01 Nigeria Aug 1.90 5.36 2.20 7.45 0.00 2.00 Sep 1.90 5.36 2.20 7.45 0.00 2.00 Philippines Aug 4.51 12.41 3.10 15.60 0.00 4.42 Sep 4.50 12.41 3.30 15.60 0.00 4.61 Sel. Mideast 7/ Aug 1.15 2.24 3.95 6.15 0.00 1.19 Sep 1.07 2.24 3.95 6.20 0.00 1.06 Selected Other Brazil Aug 0.51 7.10 0.85 7.30 0.70 0.46 Sep 0.51 7.10 0.85 7.30 0.70 0.46 C. Amer & Carib 8/ Aug 0.61 1.57 1.89 3.42 0.03 0.62 Sep 0.61 1.55 1.80 3.31 0.03 0.62 Egypt Aug 0.70 2.90 0.85 4.00 0.01 0.44 Sep 0.70 3.35 0.65 4.05 0.01 0.64 Japan Aug 1.91 7.55 0.69 8.15 0.12 1.87 Sep 1.91 7.55 0.69 8.15 0.12 1.87 Mexico Aug 0.21 0.19 0.82 0.98 0.01 0.23 Sep 0.15 0.19 0.80 0.98 0.01 0.15 South Korea Aug 1.34 3.72 0.43 3.95 0.06 1.48 Sep 1.34 3.75 0.43 3.95 0.06 1.51 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. September 2022 WASDE - 628 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2020/21 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 98.99 111.37 48.62 122.05 48.53 -0.05 88.45 World Less China 62.09 81.87 35.76 82.05 48.52 -0.05 49.20 United States 7.25 14.61 3/ 2.40 16.35 -0.04 3.15 Total Foreign 91.74 96.76 48.62 119.65 32.18 -0.01 85.30 Major Exporters 4/ 40.41 53.78 1.61 34.91 27.67 -0.08 33.30 Central Asia 5/ 3.96 5.45 0.03 4.11 2.03 0.00 3.29 Afr. Fr. Zone 6/ 2.52 4.84 3/ 0.11 5.31 0.00 1.93 S. Hemis. 7/ 17.64 15.55 0.14 4.04 13.59 -0.09 15.79 Australia 1.20 2.80 3/ 0.01 1.56 -0.10 2.52 Brazil 14.40 10.82 0.01 3.10 11.01 0.00 11.12 India 15.68 27.60 0.84 26.00 6.19 0.00 11.94 Major Importers 8/ 48.85 39.77 44.59 80.68 3.10 0.07 49.36 Mexico 0.69 1.02 0.93 1.70 0.49 0.03 0.43 China 36.90 29.50 12.86 40.00 0.01 0.00 39.25 European Union 9/ 0.62 1.69 0.56 0.59 1.96 0.00 0.33 Turkey 2.77 2.90 5.33 7.70 0.59 0.00 2.71 Pakistan 3.19 4.50 5.33 10.70 0.03 0.03 2.27 Indonesia 0.64 3/ 2.31 2.45 0.01 0.00 0.50 Thailand 0.10 3/ 0.60 0.61 0.00 0.01 0.08 Bangladesh 2.52 0.15 8.30 8.50 0.00 0.01 2.45 Vietnam 1.10 3/ 7.29 7.30 0.00 0.00 1.09 2021/22 Est. Beginning Stocks Productio n Imports Domestic Use Exports Loss /2 Ending Stocks World 88.45 115.71 42.77 119.46 43.07 -0.40 84.79 World Less China 49.20 88.71 34.93 82.46 42.95 -0.40 47.82 United States 3.15 17.52 0.01 2.55 14.62 -0.24 3.75 Total Foreign 85.30 98.18 42.77 116.91 28.45 -0.16 81.04 Major Exporters 4/ 33.30 55.17 1.79 34.12 24.21 -0.18 32.11 Central Asia 5/ 3.29 4.95 0.06 4.16 1.50 0.00 2.65 Afr. Fr. Zone 6/ 1.93 5.98 3/ 0.11 5.72 -0.01 2.09 S. Hemis. 7/ 15.79 19.33 0.16 4.23 12.83 -0.18 18.41 Australia 2.52 5.75 3/ 0.01 3.90 -0.19 4.55 Brazil 11.12 11.50 0.02 3.20 7.73 0.00 11.72 India 11.94 24.50 1.00 25.00 3.80 0.00 8.64 Major Importers 8/ 49.36 39.77 38.51 78.49 2.94 0.02 46.19 Mexico 0.43 1.22 0.98 1.85 0.40 0.03 0.35 China 39.25 27.00 7.84 37.00 0.12 0.00 36.97 European Union 9/ 0.33 1.59 0.65 0.64 1.79 -0.05 0.20 Turkey 2.71 3.80 5.52 8.70 0.57 0.00 2.77 Pakistan 2.27 6.00 4.30 10.70 0.05 0.03 1.79 Indonesia 0.50 3/ 2.58 2.60 0.01 0.00 0.46 Thailand 0.08 3/ 0.75 0.73 0.00 0.01 0.10 Bangladesh 2.45 0.15 8.20 8.50 0.00 0.01 2.29 Vietnam 1.09 3/ 6.63 6.70 0.00 0.00 1.02 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. September 2022 WASDE - 628 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2022/23 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Aug 84.72 117.01 44.57 119.09 44.58 -0.13 82.77 Sep 84.79 118.45 44.61 118.63 44.58 -0.11 84.75 World Less China Aug 47.46 89.51 35.57 81.59 44.53 -0.13 46.56 Sep 47.82 90.45 35.61 81.13 44.53 -0.11 48.33 United States Aug 3.50 12.57 0.01 2.30 12.00 -0.03 1.80 Sep 3.75 13.83 0.01 2.30 12.60 -0.01 2.70 filler filler filler filler filler filler filler Total Foreign Aug 81.22 104.44 44.57 116.79 32.58 -0.10 80.97 Sep 81.04 104.61 44.60 116.33 31.98 -0.10 82.05 Major Exporters 4/ Aug 31.69 60.13 2.19 33.62 28.45 -0.17 32.10 Sep 32.11 60.32 2.25 33.67 27.78 -0.17 33.40 Central Asia 5/ Aug 2.08 5.20 0.02 3.72 1.54 0.00 2.03 Sep 2.65 5.00 0.08 3.77 1.44 0.00 2.51 Afr. Fr. Zone 6/ Aug 2.09 6.35 3/ 0.11 6.06 0.00 2.27 Sep 2.09 6.25 3/ 0.11 5.98 0.00 2.24 S. Hemis. 7/ Aug 18.66 20.53 0.15 4.18 16.66 -0.18 18.68 Sep 18.41 21.03 0.15 4.18 16.16 -0.18 19.43 Australia Aug 4.30 5.50 3/ 0.01 6.20 -0.19 3.78 Sep 4.55 6.00 3/ 0.01 6.40 -0.19 4.33 filler filler filler filler filler filler filler Brazil Aug 12.22 13.00 0.02 3.20 9.30 0.00 12.73 Sep 11.72 13.00 0.02 3.20 8.60 0.00 12.93 India Aug 8.54 27.50 1.50 25.00 3.70 0.00 8.84 Sep 8.64 27.50 1.50 25.00 3.70 0.00 8.94 Major Importers 8/ Aug 46.77 41.07 40.01 79.04 2.72 0.07 46.01 Sep 46.19 41.04 39.98 78.53 2.79 0.07 45.82 Mexico Aug 0.35 1.33 1.10 1.90 0.40 0.03 0.45 Sep 0.35 1.40 1.10 1.90 0.50 0.03 0.42 China Aug 37.26 27.50 9.00 37.50 0.05 0.00 36.21 Sep 36.97 28.00 9.00 37.50 0.05 0.00 36.42 European Union 9/ Aug 0.19 1.58 0.59 0.61 1.56 0.00 0.19 Sep 0.20 1.58 0.59 0.61 1.56 0.00 0.20 Turkey Aug 2.83 4.30 4.90 8.50 0.65 0.00 2.88 Sep 2.77 4.40 4.80 8.50 0.65 0.00 2.82 Pakistan Aug 1.79 6.20 4.80 10.90 0.05 0.03 1.82 Sep 1.79 5.50 5.00 10.50 0.03 0.03 1.74 Indonesia Aug 0.49 3/ 2.50 2.50 0.01 0.00 0.48 Sep 0.46 3/ 2.50 2.50 0.01 0.00 0.46 Thailand Aug 0.10 3/ 0.70 0.70 0.00 0.01 0.09 Sep 0.10 3/ 0.70 0.70 0.00 0.01 0.09 Bangladesh Aug 2.44 0.16 8.40 8.50 0.00 0.01 2.49 Sep 2.29 0.16 8.40 8.50 0.00 0.01 2.34 Vietnam Aug 1.08 3/ 7.00 6.90 0.00 0.00 1.18 Sep 1.02 3/ 6.90 6.80 0.00 0.00 1.13 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. September 2022 WASDE - 628 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 94.73 368.44 165.49 315.41 363.76 164.86 100.04 World Less China 70.12 348.84 65.73 222.41 251.02 164.79 68.88 United States 14.28 114.75 0.54 58.26 60.91 61.67 6.99 Total Foreign 80.45 253.70 164.95 257.15 302.86 103.20 93.05 Major Exporters 3/ 47.41 197.31 5.86 90.21 100.84 94.81 54.93 Argentina 26.65 46.20 4.82 40.16 47.41 5.20 25.06 Brazil 20.42 139.50 1.02 46.68 49.88 81.65 29.40 Paraguay 0.33 9.90 0.02 3.30 3.47 6.33 0.45 Major Importers 4/ 27.97 23.25 133.41 122.10 149.81 0.27 34.55 China 24.61 19.60 99.76 93.00 112.74 0.07 31.16 European Union 1.72 2.60 14.79 15.80 17.36 0.19 1.56 Southeast Asia 0.97 0.59 9.68 4.74 10.05 0.01 1.18 Mexico 0.37 0.25 6.10 6.20 6.25 0.00 0.46 2021/22 Est. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 100.04 353.24 152.73 313.85 362.96 153.36 89.70 World Less China 68.88 336.84 62.73 226.85 256.24 153.26 58.96 United States 6.99 120.71 0.41 60.01 63.20 58.38 6.53 Total Foreign 93.05 232.54 152.32 253.84 299.76 94.99 83.17 Major Exporters 3/ 54.93 176.67 4.11 92.88 103.41 87.15 45.15 Argentina 25.06 44.00 3.50 40.55 47.76 2.25 22.55 Brazil 29.40 126.00 0.55 50.25 53.50 80.00 22.46 Paraguay 0.45 4.20 0.05 2.00 2.08 2.50 0.13 Major Importers 4/ 34.55 20.16 121.54 115.30 142.87 0.38 33.00 China 31.16 16.40 90.00 87.00 106.72 0.10 30.74 European Union 1.56 2.71 13.60 15.10 16.67 0.27 0.93 Southeast Asia 1.18 0.53 8.84 4.50 9.67 0.01 0.86 Mexico 0.46 0.29 5.80 6.20 6.25 0.00 0.30 2022/23 Proj. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ Aug 89.73 392.79 166.22 327.77 378.25 169.08 101.41 Sep 89.70 389.77 165.02 327.07 377.68 167.88 98.92 World Less China Aug 58.99 374.39 68.22 232.77 262.66 168.98 69.96 Sep 58.96 371.37 68.02 232.07 262.09 167.78 68.47 United States Aug 6.13 123.30 0.41 61.10 64.53 58.65 6.66 Sep 6.53 119.16 0.41 60.56 63.91 56.74 5.44 Total Foreign Aug 83.60 269.49 165.81 266.67 313.72 110.43 94.75 Sep 83.17 270.61 164.61 266.52 313.77 111.14 93.48 Major Exporters 3/ Aug 45.30 212.50 5.57 94.58 105.34 102.23 55.80 Sep 45.15 212.50 5.57 94.83 105.59 102.63 55.00 Argentina Aug 22.45 51.00 4.80 41.00 48.25 4.30 25.70 Sep 22.55 51.00 4.80 41.00 48.25 4.70 25.40 Brazil Aug 22.71 149.00 0.75 50.25 53.60 89.00 29.86 Sep 22.46 149.00 0.75 50.50 53.85 89.00 29.36 Paraguay Aug 0.13 10.00 0.01 3.25 3.41 6.50 0.23 Sep 0.13 10.00 0.01 3.25 3.41 6.50 0.23 Major Importers 4/ Aug 33.21 22.00 132.73 124.80 153.50 0.33 34.10 Sep 33.00 22.02 131.33 124.10 152.75 0.33 33.27 China Aug 30.74 18.40 98.00 95.00 115.59 0.10 31.46 Sep 30.74 18.40 97.00 95.00 115.59 0.10 30.46 European Union Aug 1.13 2.57 15.20 15.90 17.53 0.22 1.15 Sep 0.93 2.60 14.80 15.20 16.78 0.22 1.33 Southeast Asia Aug 0.86 0.50 9.88 4.85 10.22 0.02 1.00 Sep 0.86 0.50 9.88 4.85 10.22 0.02 1.00 Mexico Aug 0.30 0.30 6.35 6.55 6.60 0.00 0.35 Sep 0.30 0.29 6.35 6.55 6.60 0.00 0.34 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports . Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to roun ding. September 2022 WASDE - 628 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 15.19 247.81 63.84 243.45 68.97 14.41 World Less China 15.19 174.16 63.77 170.78 67.92 14.41 United States 0.31 45.87 0.71 34.18 12.41 0.31 Total Foreign 14.88 201.94 63.13 209.28 56.57 14.10 Major Exporters 3/ 6.76 75.10 0.26 28.48 46.93 6.71 Argentina 2.57 31.32 0.00 3.28 28.33 2.29 Brazil 3.77 36.18 0.02 19.15 16.58 4.25 India 0.42 7.60 0.24 6.05 2.03 0.18 Major Importers 4/ 2.43 22.86 37.25 59.48 1.12 1.95 European Union 0.79 12.48 16.51 28.39 0.85 0.55 Mexico 0.18 4.90 1.85 6.73 0.01 0.20 Southeast Asia 5/ 1.28 3.69 17.05 20.71 0.27 1.05 China 0.00 73.66 0.07 72.68 1.05 0.00 2021/22 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 14.41 246.22 64.43 241.99 69.10 13.97 World Less China 14.41 177.31 64.37 173.62 68.50 13.97 United States 0.31 46.93 0.57 35.11 12.34 0.36 Total Foreign 14.10 199.28 63.86 206.88 56.76 13.61 Major Exporters 3/ 6.71 78.18 0.57 29.65 48.50 7.31 Argentina 2.29 31.63 0.08 3.33 28.20 2.47 Brazil 4.25 38.95 0.02 19.65 19.40 4.16 India 0.18 7.60 0.48 6.68 0.90 0.68 Major Importers 4/ 1.95 22.22 37.95 59.37 1.08 1.67 European Union 0.55 11.93 16.80 28.04 0.75 0.48 Mexico 0.20 4.90 1.85 6.80 0.01 0.14 Southeast Asia 5/ 1.05 3.50 17.50 20.83 0.32 0.90 China 0.00 68.90 0.06 68.36 0.60 0.00 2022/23 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Aug 14.09 257.33 65.22 251.85 70.14 14.66 Sep 13.97 256.67 65.34 251.30 69.98 14.70 World Less China Aug 14.09 182.09 65.17 177.56 69.14 14.66 Sep 13.97 181.43 65.29 177.01 68.98 14.70 United States Aug 0.36 47.95 0.41 35.56 12.70 0.45 Sep 0.36 47.49 0.54 35.56 12.43 0.41 Total Foreign Aug 13.73 209.39 64.81 216.29 57.44 14.21 Sep 13.61 209.18 64.80 215.74 57.55 14.29 Major Exporters 3/ Aug 7.48 78.92 0.12 30.53 48.40 7.59 Sep 7.31 79.11 0.12 30.56 48.50 7.49 Argentina Aug 2.21 31.98 0.00 3.38 28.50 2.31 Sep 2.47 31.98 0.00 3.40 28.50 2.55 Brazil Aug 4.39 38.94 0.02 20.15 18.70 4.50 Sep 4.16 39.13 0.02 20.15 18.80 4.36 India Aug 0.88 8.00 0.10 7.01 1.20 0.78 Sep 0.68 8.00 0.10 7.01 1.20 0.57 Major Importers 4/ Aug 1.73 23.41 38.30 60.58 1.06 1.80 Sep 1.67 22.86 38.30 60.00 1.06 1.76 European Union Aug 0.57 12.56 16.75 28.64 0.75 0.49 Sep 0.48 12.01 16.80 28.09 0.75 0.45 Mexico Aug 0.12 5.18 1.93 7.00 0.01 0.21 Sep 0.14 5.18 1.88 6.98 0.01 0.21 Southeast Asia 5/ Aug 0.90 3.79 17.80 21.23 0.31 0.96 Sep 0.90 3.79 17.80 21.23 0.31 0.96 China Aug 0.00 75.24 0.05 74.29 1.00 0.00 Sep 0.00 75.24 0.05 74.29 1.00 0.00 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. September 2022 WASDE - 628 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 5.28 59.23 11.68 58.44 12.61 5.14 World Less China 4.58 42.56 10.45 40.82 12.57 4.21 United States 0.84 11.35 0.14 10.58 0.79 0.97 Total Foreign 4.44 47.88 11.54 47.87 11.82 4.17 Major Exporters 3/ 1.54 20.54 0.75 12.48 9.02 1.33 Argentina 0.55 7.93 0.00 2.04 6.14 0.30 Brazil 0.48 8.99 0.25 7.96 1.26 0.50 European Union 0.44 3.00 0.49 2.43 1.06 0.44 Major Importers 4/ 1.48 19.87 6.74 26.41 0.21 1.47 China 0.70 16.67 1.23 17.63 0.04 0.93 India 0.14 1.71 3.25 4.94 0.01 0.15 North Africa 5/ 0.43 0.99 1.61 2.61 0.13 0.29 2021/22 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 5.14 59.20 11.52 58.95 12.31 4.60 World Less China 4.21 43.61 11.02 42.30 12.20 4.34 United States 0.97 11.84 0.15 11.17 0.81 0.98 Total Foreign 4.17 47.36 11.37 47.78 11.50 3.62 Major Exporters 3/ 1.33 20.93 0.59 12.52 8.80 1.52 Argentina 0.30 8.01 0.08 2.66 5.15 0.57 Brazil 0.50 9.67 0.04 7.50 2.25 0.46 European Union 0.44 2.87 0.48 2.31 1.03 0.46 Major Importers 4/ 1.47 18.83 6.78 26.15 0.22 0.72 China 0.93 15.59 0.50 16.65 0.11 0.26 India 0.15 1.71 4.10 5.80 0.02 0.15 North Africa 5/ 0.29 1.03 1.54 2.55 0.09 0.22 2022/23 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Aug 4.43 61.60 12.00 60.49 12.91 4.63 Sep 4.60 61.44 11.99 60.19 12.97 4.87 World Less China Aug 4.16 44.58 11.00 42.89 12.82 4.03 Sep 4.34 44.42 10.99 42.59 12.88 4.27 United States Aug 0.95 11.93 0.23 11.66 0.64 0.82 Sep 0.98 11.83 0.23 11.57 0.64 0.83 Total Foreign Aug 3.47 49.67 11.77 48.83 12.27 3.81 Sep 3.62 49.62 11.76 48.63 12.34 4.04 Major Exporters 3/ Aug 1.47 21.42 0.60 12.53 9.53 1.44 Sep 1.52 21.33 0.60 12.39 9.55 1.52 Argentina Aug 0.50 8.10 0.00 2.37 5.80 0.44 Sep 0.57 8.10 0.00 2.38 5.80 0.49 Brazil Aug 0.50 9.68 0.10 7.65 2.13 0.50 Sep 0.46 9.73 0.10 7.65 2.13 0.51 European Union Aug 0.44 3.02 0.50 2.46 1.05 0.46 Sep 0.46 2.89 0.50 2.31 1.08 0.47 Major Importers 4/ Aug 0.77 20.48 7.01 26.91 0.21 1.14 Sep 0.72 20.48 7.01 26.89 0.21 1.12 China Aug 0.26 17.02 1.00 17.60 0.09 0.60 Sep 0.26 17.02 1.00 17.60 0.09 0.60 India Aug 0.15 1.80 3.70 5.47 0.02 0.17 Sep 0.15 1.80 3.70 5.47 0.02 0.17 North Africa 5/ Aug 0.27 1.13 1.61 2.62 0.11 0.29 Sep 0.22 1.13 1.61 2.59 0.11 0.26 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, Bangladesh, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. September 2022 WASDE - 628 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2021 III 6,979 6,530 13,554 11,581 1,403 13,125 26,679 2,299 55.8 IV 7,106 7,185 14,341 11,193 1,366 12,689 27,030 2,371 55.4 Annual 27,948 27,675 55,815 44,899 5,558 50,995 106,810 9,238 226.3 2022 I 7,022 6,904 13,972 11,170 1,374 12,678 26,650 2,295 56.3 II 7,069 6,639 13,755 11,279 1,275 12,698 26,453 2,207 57.8 III* 7,125 6,515 13,687 11,625 1,250 13,015 26,702 2,250 56.2 IV* 6,790 7,075 13,914 11,400 1,315 12,840 26,754 2,340 56.1 Annual Aug Proj. 27,990 27,078 55,258 45,363 5,314 51,219 106,476 9,067 226.8 Sep Proj. 28,006 27,133 55,327 45,474 5,214 51,231 106,557 9,092 226.5 2023 I* 6,695 7,000 13,740 11,300 1,375 12,805 26,545 2,335 57.0 II* 6,505 6,545 13,095 11,450 1,410 12,995 26,090 2,375 58.3 Annual Aug Proj. 26,265 27,520 53,968 45,675 5,640 51,835 105,803 9,495 229.2 Sep Proj. 26,335 27,520 54,038 45,900 5,630 52,050 106,088 9,545 228.8 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2021 III 123.51 76.15 105.4 129.7 120.1 17.90 IV 132.36 56.36 110.9 133.4 131.8 20.67 Annual 122.40 67.29 101.2 122.8 118.5 18.53 2022 I 139.25 65.55 135.1 131.4 170.8 24.93 II 141.93 75.58 167.5 143.9 251.6 27.10 III* 143.00 79.00 136.0 166.0 267.0 24.85 IV* 147.00 65.00 135.0 164.0 202.0 24.95 Annual Aug Proj. 142.1 73.8 146.1 151.3 211.9 25.20 Sep Proj. 142.8 71.3 143.4 151.3 222.9 25.45 2023 I* 151.00 66.00 140.0 150.0 170.0 23.45 II* 152.00 74.00 143.0 149.0 145.0 22.60 Annual Aug Proj. 154 70 146 146 151 22.50 Sep Proj. 154 70 140 148 153 22.70 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. September 2022 WASDE - 628 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2021 716 28,016 3,346 32,078 3,441 676 27,962 58.9 2022 Proj. Aug 676 28,058 3,459 32,192 3,561 730 27,902 58.6 Sep 676 28,074 3,414 32,163 3,561 735 27,867 58.6 2023 Proj. Aug 730 26,333 3,200 30,263 3,020 640 26,603 55.7 Sep 735 26,403 3,200 30,338 3,020 640 26,678 55.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2021 467 27,690 1,180 29,337 7,026 446 21,865 51.1 2022 Proj. Aug 446 27,093 1,547 29,086 6,574 565 21,946 51.1 Sep 446 27,147 1,497 29,090 6,494 575 22,021 51.3 2023 Proj. Aug 565 27,535 1,625 29,725 6,515 610 22,600 52.4 Sep 575 27,535 1,525 29,635 6,515 610 22,510 52.2 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2021 1,217 55,906 4,890 62,014 10,470 1,147 50,397 111.5 2022 Proj. Aug 1,147 55,349 5,367 61,863 10,139 1,322 50,402 111.2 Sep 1,147 55,418 5,273 61,838 10,060 1,336 50,443 111.3 2023 Proj. Aug 1,322 54,060 5,190 60,571 9,539 1,277 49,755 109.6 Sep 1,336 54,130 5,090 60,556 9,539 1,277 49,740 109.5 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2021 830 44,419 155 45,403 7,355 705 37,343 96.6 2022 Proj. Aug 705 44,878 180 45,762 7,258 760 37,744 97.3 Sep 705 44,987 180 45,872 7,168 800 37,904 97.7 2023 Proj. Aug 760 45,186 152 46,098 7,370 750 37,978 97.6 Sep 800 45,409 152 46,361 7,370 770 38,221 98.2 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2021 223 5,558 22 5,804 548 166 5,090 15.3 2022 Proj. Aug 166 5,314 55 5,535 406 170 4,959 14.9 Sep 166 5,214 65 5,445 406 165 4,874 14.6 2023 Proj. Aug 170 5,640 34 5,844 410 170 5,264 15.7 Sep 165 5,630 34 5,829 410 170 5,249 15.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2021 1,057 50,514 180 51,751 7,947 874 42,930 113.4 2022 Proj. Aug 874 50,733 240 51,847 7,705 934 43,209 113.7 Sep 874 50,744 250 51,868 7,607 969 43,293 113.9 2023 Proj. Aug 934 51,346 189 52,469 7,820 924 43,725 114.7 Sep 969 51,558 189 52,717 7,816 944 43,957 115.3 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2021 2,274 106,420 5,070 113,765 18,418 2,021 93,327 224.9 2022 Proj. Aug 2,021 106,082 5,607 113,711 17,844 2,256 93,611 224.9 Sep 2,021 106,162 5,523 113,707 17,666 2,305 93,735 225.2 2023 Proj. Aug 2,256 105,406 5,379 113,040 17,359 2,201 93,480 224.3 Sep 2,305 105,688 5,279 113,272 17,355 2,221 93,696 224.9 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. September 2022 WASDE - 628 - 33 U.S. Egg Supply and Use Commodity 2020 2021 2022 Proj. 2022 Proj. 2023 Proj. 2023 Proj. Aug Sep Aug Sep Eggs Million Dozen Supply Beginning Stocks 31.6 24.5 19.1 19.1 19.0 19.0 Production 9,291.8 9,237.8 9,067.4 9,091.7 9,495.0 9,545.0 Imports 15.5 18.2 22.0 22.0 18.5 18.5 Total Supply 9,338.9 9,280.5 9,108.5 9,132.8 9,532.5 9,582.5 Use Exports 344.0 392.2 242.8 217.8 300.0 265.0 Hatching Use 1,078.5 1,103.9 1,120.5 1,125.5 1,140.0 1,140.0 Ending Stocks 24.5 19.1 19.0 19.0 21.0 21.0 Disappearance Total 7,891.8 7,765.3 7,726.3 7,770.5 8,071.5 8,156.5 Per Capita (number) 285.5 280.5 278.3 279.9 289.7 292.7 Total U.S. Milk Supply and Use Commodity 2020 2021 2022 Proj. 2022 Proj. 2023 Proj. 2023 Proj. Aug Sep Aug Sep Milk Billion Pounds Production 223.3 226.3 226.8 226.5 229.2 228.8 Farm Use 1.1 1.0 1.1 1.1 1.1 1.1 Fat Basis Supply Beginning Stocks 13.6 15.6 14.3 14.3 13.0 13.3 Marketings 222.2 225.2 225.7 225.4 228.1 227.7 Imports 6.8 6.5 7.0 7.1 6.8 7.0 Total Supply 242.6 247.4 247.0 246.8 248.0 248.1 Fat Basis Use Exports 9.3 11.5 12.9 13.2 11.7 12.4 Ending Stocks 15.6 14.3 13.0 13.3 14.3 14.5 Domestic Use 217.8 221.5 221.1 220.3 222.1 221.2 Skim -solid Basis Supply Beginning Stocks 10.2 10.9 11.1 11.1 11.5 11.5 Marketings 222.2 225.2 225.7 225.4 228.1 227.7 Imports 5.6 5.8 6.1 6.2 5.9 6.1 Total Supply 238.0 241.9 242.9 242.6 245.5 245.3 Skim -solid Basis Use Exports 47.2 50.8 51.3 52.1 51.2 51.8 Ending Stocks 10.9 11.1 11.5 11.5 12.1 12.1 Domestic Use 179.9 180.0 180.0 179.0 182.2 181.4 Total Dairy domestic use for 2020 includes additional milk marketed but not processed. Note: Totals may not add due to rounding. September 2022 WASDE - 628 - 34 U.S. Dairy Prices Commodity 2020 2021 2022 Proj. 2022 Proj. 2023 Proj. 2023 Proj. Aug Sep Aug Sep Product Prices 1/ Dollars Per Pound Cheese 1.9236 1.6755 2.075 2.075 1.975 1.970 Butter 1.5808 1.7325 2.785 2.850 2.375 2.385 Nonfat Dry Milk 1.0417 1.2693 1.665 1.690 1.450 1.505 Dry Whey 0.3621 0.5744 0.610 0.610 0.485 0.485 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 18.16 17.08 21.60 21.65 19.70 19.70 Class IV 13.49 16.09 23.95 24.45 20.35 20.85 All Milk 3/ 18.13 18.53 25.20 25.45 22.50 22.70 All prices are January -December averages. 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation. September 2022 WASDE - 628 - 35 Reliability of September Projections 1/ Note: Tables on pages 35 -37 present a record of the September projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 1.9 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 3. 2 percent. The average difference between the September projection and the final estimate is 8.5 million tons, ranging from 0.9 million to 30.7 million tons. The September projection has been below the estimate 26 times and above 15 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 1.9 3.2 8.5 0.9 30.7 26 15 U.S. 1.9 3.2 0.9 0.0 2.5 16 25 Foreign 2.2 3.6 8.5 0.2 30.9 29 12 Exports World 5.8 9.8 6.5 0.3 22.0 32 9 U.S. 10.1 17.0 2.5 0.2 10.0 18 23 Foreign 7.2 12.1 6.2 0.2 21.4 31 10 Domestic Use World 1.7 2.9 7.7 0.2 33.8 23 18 U.S. 7.3 12.2 1.9 0.0 5.5 13 28 Foreign 1.8 3.0 7.7 0.1 33.6 27 14 Ending Stocks World 8.0 13.5 10.4 1.5 30.5 31 10 U.S. 14.1 23.8 2.7 0.5 12.4 24 17 Foreign 8.8 14.8 9.2 0.5 28.3 30 11 COARSE GRAINS 2/ Production World 2.2 3.6 17.6 0.2 50.6 31 10 U.S. 4.1 7.0 7.9 0.2 26.0 26 15 Foreign 2.5 4.2 15.7 1.0 59.9 30 11 Exports World 6.9 11.6 6.6 0.1 25.2 29 12 U.S. 19.2 32.4 7.3 0.4 19.1 17 24 Foreign 13.3 22.4 7.8 0.7 20.9 27 14 Domestic Use World 1.5 2.6 11.7 0.4 39.0 23 18 U.S. 3.6 6.1 6.3 0.1 15.8 25 16 Foreign 1.7 2.9 10.6 0.4 37.8 26 15 Ending Stocks World 14.0 23.5 19.5 1.7 170.3 31 10 U.S. 28.9 48.7 8.9 0.1 35.8 18 23 Foreign 16.0 27.0 15.2 0.7 155.3 34 7 RICE, milled Production World 2.2 3.8 6.2 0.4 24.1 32 9 U.S. 4.3 7.2 0.2 0.0 0.5 23 17 Foreign 2.3 3.9 6.3 0.3 24.4 32 9 Exports World 9.2 15.5 1.9 0.1 6.8 29 12 U.S. 11.1 18.7 0.2 0.0 0.9 19 20 Foreign 10.3 17.3 1.9 0.1 6.8 29 12 Domestic Use World 1.8 3.0 4.3 0.4 22.7 32 9 U.S. 6.8 11.4 0.2 0.0 0.5 20 20 Foreign 1.8 3.1 4.3 0.2 23.1 32 9 Ending Stocks World 12.1 20.3 6.4 0.5 26.9 34 7 U.S. 22.3 37.5 0.2 0.0 0.9 22 19 Foreign 13.1 22.1 6.4 0.2 26.7 34 7 1/ Footnotes at end of table. CONTINUED September 2022 WASDE - 628 - 36 Reliability of September Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 4.7 7.9 7.7 0.4 31.7 23 18 U.S. 5.0 8.3 3.0 0.2 10.4 22 19 Foreign 7.6 12.8 7.1 0.9 33.3 18 23 Exports World 7.5 12.6 4.2 0.2 19.9 26 15 U.S. 12.1 20.4 3.0 0.1 9.8 25 16 Foreign 17.6 29.7 3.7 0.0 21.8 18 23 Domestic Use World 3.3 5.5 4.9 0.0 15.3 24 17 U.S. 4.4 7.4 1.6 0.1 4.5 26 15 Foreign 4.0 6.8 4.7 0.0 16.0 24 17 Ending Stocks World 17.3 29.1 5.3 0.2 24.8 22 19 U.S. 47.2 79.5 2.3 0.1 8.2 13 28 Foreign 19.3 32.4 4.9 0.0 24.7 24 16 COTTON Million 480 -Pound Bales Production World 4.6 7.8 3.2 0.1 12.6 23 18 U.S. 6.7 11.3 0.9 0.0 2.5 19 21 Foreign 5.2 8.7 2.8 0.0 11.3 25 16 Exports World 9.3 15.7 2.4 0.0 10.1 24 17 U.S. 20.2 34.0 1.2 0.1 3.4 22 19 Foreign 12.0 20.2 1.9 0.1 8.8 22 19 Domestic Use World 5.0 8.3 3.5 0.1 19.3 16 25 U.S. 10.0 16.9 0.4 0.0 1.3 18 21 Foreign 5.0 8.4 3.4 0.0 18.5 17 23 Ending Stocks World 14.1 23.8 5.7 0.2 16.8 27 14 U.S. 39.7 66.9 1.3 0.0 5.1 16 24 Foreign 14.5 24.4 5.2 0.2 16.8 27 14 1/ Marketing years 1981/82 through 2021/22 for grains, soybeans (U.S. only), and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2020/21, and for 2021/22 the last mo nth’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. September 2022 WASDE - 628 - 37 Reliability of United States September Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 4.3 7.3 296 15 885 26 15 Exports 20.0 33.7 263 25 725 17 24 Domestic Use 3.9 6.6 244 0 575 25 15 Ending Stocks 32.2 54.2 336 2 1,386 18 23 SORGHUM Production 6.0 10.0 23 0 81 17 23 Exports 31.4 52.9 41 0 150 21 19 Domestic Use 25.1 42.3 38 0 120 20 19 Ending Stocks 48.8 82.2 31 1 155 13 28 BARLEY Production 5.1 8.5 11 1 36 16 25 Exports 64.2 108.1 12 0 82 17 19 Domestic Use 10.1 17.1 22 0 72 14 25 Ending Stocks 18.1 30.5 18 0 70 19 21 OATS Production 9.5 16.0 11 0 44 6 33 Exports 94.4 158.9 1 0 8 12 14 Domestic Use 6.6 11.0 13 0 39 11 29 Ending Stocks 22.6 38.1 14 0 47 20 20 SOYBEAN MEAL Thousand Short Tons Production 4.2 7.1 1,270 93 4,200 27 14 Exports 14.0 23.6 869 34 4,100 23 18 Domestic Use 3.6 6.1 792 26 3,200 25 16 Ending Stocks 38.8 65.3 53 0 368 15 15 SOYBEAN OIL Million Pounds Production 4.5 7.5 602 26 2,635 26 15 Exports 34.7 58.4 455 0 1,675 22 18 Domestic Use 4.2 7.0 508 86 2,150 26 15 Ending Stocks 30.1 50.7 434 60 1,357 23 18 ANIMAL PROD. Million Pounds Beef 4.0 6.8 803 32 2,486 28 12 Pork 3.0 5.0 413 5 1,356 22 18 Broilers 2.0 3.4 496 23 1,379 24 16 Turkeys 3.9 6.6 152 2 444 21 19 Million Dozen Eggs 2.0 3.4 117 4 414 25 15 Billion Pounds Milk 1.7 2.8 2.1 0.1 7.2 22 18 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2021/22 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate followin g the marketing year for 1981/82 through 2021/22. Calendar years 1982 through 2021 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2021. WASDE- 628-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricult ural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Fore ign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. IPAD is lo cated at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ Click to receive WASDE -related notifications b y email Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at [email protected] World Agricultural Supply and Demand Estimates WASDE -628 – September 12, 2022 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 644 Approved by the World Agricultural Outlook Board January 12, 2024 WHEAT: Projected 2023/24 U.S. wheat ending stocks are lowered 11 million bushels on decreased supplies that more than offset less use. June 1 beginning stocks are reduced based on the NASS Grain Stocks report . Seed use is reduced 1 million bushels to 64 million. All wheat feed and residual use for 2023/24 is unchanged and reflects disappearance for June -November as indicated by the December 1 and revised September 1 stocks released in the NASS Grain Stocks report; however, there are offsetting by -class changes to feed and residual use. The 2023/24 season- average farm price is forecast $0.10 per bushel lower at $7.20, based on prices received to date and expectations for futures and cash prices for the remainder of 2023/24. The global wheat outlook for 2023/24 is for larger supplies, consumption, trade, and ending stocks compared with last month. Global supplies are raised 3.6 million tons to 1,056.5 million on higher beginning stocks and production. The increase in global beginning stocks is primarily the result of revisions for Ukraine, where beginning stocks are raised 2.2 million tons to 3.5 million on downward revisions to feed and residual use estimates since 2021/22. Production is changed in several countries based mostly on updated government estimates, with increases for Russia, Ukraine, and Saudi Arabia more than offsetting a decrease for China. Global consumption is raised 1.8 million tons to 796.5 million, mainly on higher feed and residual use for India and the EU. Consumption for India is raised by 1.3 million tons based on greater implied use from the latest government -held stocks reported by the Food Corporation of India. EU wheat consumption is boosted based on larger projected imports from Ukraine, partially offsetting reduced use of feed grains. World trade is raised 2.4 million tons to 209.5 million on higher exports by Ukraine, Russia, Australia, and Canada that more than offset a decrease for the EU. Exports for Ukraine are raised 1.5 million tons to 14.0 million but are still below last year. Projected 2023/24 ending stocks are raised 1.8 million tons to 260.0 million primarily on incre ases for the EU and Ukraine. COARSE GRAINS: This month’s 2023/24 U.S. corn outlook is for greater production, larger food, seed, and industrial use (FSI), increased feed and residual use, and higher ending stocks. Corn production is estimated at a record 15.3 billion bushels, up 108 million as an increase in yield to a record 177.3 bushels per acre is partly offset by a 0.6-million acre decline in harvested area. Total corn use is raised 75 million bushels to 14.6 billion. Corn used for ethanol is raised 50 million bushels to 5.4 billion. Feed and residual use is raised 25 million bushels to 5.7 billion, based on indicated disappearance during the September -November quarter as reflected by the Grain Stocks report, and historical revisions to production and stocks from 2018 to 2022 following the recent Agricultural Census results. With supply rising more than use, 2023/24 corn stocks are up 31 million bushels. The season- average corn price received by producers is lowered 5 cents to $4.80 per bushel. Global coarse grain production for 2023/24 is forecast up 11.9 million tons to 1,513.9 million. This month’s foreign coarse grain outlook is for larger production, lower trade, and higher stocks. Foreign corn production is forecast higher with increases for China, India, and Paraguay partly WASDE- 644-2 offset by a decline for Brazil. China corn production is raised to a record 288.8 million tons based on the latest area and yield data from the National Bureau of Statistics. India corn production is raised on higher area. Brazil corn production is cut reflecting lower second crop corn area expectations. Major global coarse grain trade changes for 2023/24 include increased corn exports for Turkey, but reductions for Brazil and India. Corn imports are raised for Iran, Iraq, and Turkey but reduced for the EU, Bangladesh, and Vietnam. Sorghum exports are raised for the United States, with higher imports projected for China. China’s corn feed and residual use is raised based on a larger crop. Foreign corn ending stocks are higher, mostly reflecting an increase for China partly offset by a decline for Brazil. Gl obal corn stocks, at 325.2 million tons, are up 10.0 million. RICE : The outlook for 2023/24 U.S. rice this month is for slightly higher supplies, unchanged domestic use, lower exports, and higher ending stocks. Supplies are raised on higher imports more than offsetting lower production. The NASS Crop Production 2023 Summary estimated all rice production at 218.3 million cwt, down 1.4 million from the previous estimate. The all rice average yield is estimated at 7,649 pounds per acre, down 58 pounds from the prior estimate. All rice imports are raised 2.0 million cwt to a record 42.0 million with all of the increase in long- grain on larger fragrant rice imports to date. All rice exports are lowered 1.0 million cwt to 85.0 million with all of the reduction in medium - and short -grain on a continued weak pace of sales and shipments. Projected ending stocks are raised 1.6 million cwt to 43.5 million and are 44 percent higher than last year. The season- average price (SAFP) for all rice is $18.40 per cwt, up $0.60, due to a higher California medium - and short -grain SAFP forecast. The 2023/24 global outlook is for reduced supplies, consumption, trade, and ending stocks this month. Supplies are lowered 3.5 million tons to 689.4 million with most of the reduction the result of a lower China production estimate reported by the National Bureau of Statistics. World 2023/24 consumption is lowered 2.9 million tons to 522.1 million, mainly on a reduction for China. Global 2023/24 trade is reduced 0.5 million tons to 51.5 million, mainly on a reduction on exports for India. Projected world ending stocks are lowered 0.5 million tons to 167.3 million as a reduction in China stocks to the lowest level since 2016/17 is partially offset by higher stocks for Indonesia, India, and Thailand. OILSEEDS: U.S. oilseed production for 2023/24 is estimated at 122.4 million tons, up 0.9 million from last month. Higher soybean, rapeseed, and sunflowerseed crops are partly offset by lower peanuts and cottonseed. Soybean production is estimated at 4.2 billion bushels, up 35 million, led by increases for Illinois, Missouri, and North Dakota. Harvested area is estimated at 82.4 million acres, down 0.4 million from the previous report. Yield is estimated at 50.6 bushels per acre, up 0.7 bushels. With slightly lower beginning stocks, soybean supplies are up 31 million bushels from last month. The soybean export and crush forecasts are unchanged. With higher supplies and slightly lower residual, ending stocks are projected at 280 million bushels, up 35 million. The soybean oil balance sheet adjustments include increased imports and biofuel use, and lower exports and food, feed, and other industrial use. Lower food, feed, and other industrial use is partly offset by higher imports and consumption of canola oil. The U.S. season- average soybean price for 2023/24 is projected at $12.75 per bushel, down 15 cents from last month. The soybean meal price is projected at $380 per short ton, down 10 dollars. The soybean oil price is forecast at 54 cents per pound, down 3 cents. WASDE- 644-3 Global 2023/24 soybean production is raised 0.1 million tons to 399.0 million as higher production forecasts for Argentina, the United States, Russia, China, Paraguay, and Bolivia are offset by lower Brazil production. Abundant early -season rainfall improved yield prospects for Argentina and Paraguay, raising production 2.0 million tons to 50.0 million and 0.3 million tons to 10.3 million, respectively. China’s soybean crop is increased 0.3 million tons to 20.8 million on reports from China’s National Bureau of Statistics. Soybean production for Russia is raised 0.4 million tons to 6.8 million on a higher yield. Conversely, soybean production for Brazil is forecast at 157.0 million tons, down 4.0 million from last month and down 3.0 million tons from last ye ar’s record crop of 160.0 million tons. Reduced rainfall in the Center West region and northeastern States lowered yield potential. Another notable oilseed change includes lower global sunflowerseed production, down 1.3 million tons, on lower output for the EU, Argentina, and Russia. Global soybean crush for 2023/24 is nearly unchanged, with lower crush for Brazil mostly offset by higher crush for Argentina, India, Bolivia, Egypt, and Thailand. Soybean meal trade is unchanged as higher exports for Argentina, India, and Bolivia offset lower Brazilian shipments. Global soybean exports for 2023/24 are increased 0.7 million tons to 170.9 million, with higher exports for Paraguay and Russia. Global soybean ending stocks are forecast at 114.6 million tons, up 0.4 million, mainly on higher stocks for the United States and Argentina partly offset by lower Brazilian stocks. SUGAR: Mexico production for 2023/24 is projected at 5.016 million metric tons (MT), a decrease of 267,000 from last month and also 208,248 lower than last year. Analysis of the severity of drought conditions in municipalities where sugar processing plants are located indicates far worse conditions than last year and more comparable to that experienced in the low production year of 2019/20. Higher fertilizer application rates than the 2022/23 low levels are considered unlikely to improve sugarcane yields relative to those of last year. Although the campaign is still in its early stages, to- date levels of sugar yields and recovery rates are more than 3.5 standard deviations below the averages for the previous 10 years. Although some recovery will take place, applying the largest over -the-week increases since 2017/18 for recovery for each of this year’s remaining weeks produces a recovery rate of 10.65 percent. Applying this rate to area harvested at the CONADESUCA -estimated level of 798,286 hectares and slightly higher yield of 59.00 MT/hectare produces the current WASDE projection. The production of low polarity sugar for export to the United States is projected at 11.8 percent of total production (the same rate estimated by CONADESUCA). Assuming that all of this sugar is exported to the U.S. market , and like last year , constitutes 75 percent of the total exported, exports to the United States are projected at 789,080 MT. Exports to other countries are unchanged at 25,000 MT and total exports at 814,080 MT are down 42,002 from last month. Deliveries and ending stocks are unchanged and imports are residually projected at 510,867 MT, up 224,998 over last month. U.S. sugar supply for 2023/24 is increased by 189,687 short tons, raw value (STRV) on increases in production and imports. Louisiana cane sugar production for the crop year is increased 104,374 STRV to 1.850 million on industry reporting. Fiscal year production is projected at 1.904 million STRV adding in projected production for 2024 September (59,183 STRV ) and subtracting out 2023 September (5,623 STRV ). Beet sugar production is projected 43,860 STRV higher at 5.407 million on higher projected recovery only partially offset by lower NASS estimated sugarbeet production. Imports are projected 54,032 STRV higher at 3.310 million. Although imports from Mexico and FTA TRQs are down a combined 55,968 STRV, high- tier tariff imports are increased 110,000 STRV to 575,000 on the pace of entries of high duty raw WASDE- 644-4 sugar. Based on both U.S. Census and Customs and Border Protection data, USDA estimates high duty raw sugar imports entered as of January 10 at 169,174 STRV. The raw sugar component of the total entries is increased to 400,000 STRV, implying that 42.3 percent has already entered. The refined sugar component is unchanged at 175,000 STRV. Sugar exports are increased by 60,000 STRV to 160,000 on the pace to date. Most of this sugar is destined for Mexico. Deliveries are unchanged. Ending stocks are residually projected at 1.754 million STRV for an ending stocks -to-use ratio of 13.7 percent. LIVESTOCK, POULTRY, AND DAIRY : Red meat and poultry production for 2023 is raised from last month due to higher beef, pork, and broiler production in the fourth quarter. Changes in the estimates reflect November production data and preliminary estimates of slaughter numbers and weights for December. Egg production is raised based on production and flock data. For 2024, the beef forecast is raised with higher expected first -half cattle slaughter, as well as higher dressed weights. USDA’s Cattle report, which will be released January 31, will provide an indication of the number of cattle available for placement during 2024 as well as producer intentions for retaining heifers for addition to the breeding herd. First -half pork production is raised reflecting pig crop data for the second half of 2023. Production in the second half reflects first-half 2024 farrowing intentions reported in the December Quarterly Hogs and Pigs report and expectations of somewhat slower -than- recent growth in the pigs per litter rate. Broiler production is raised for the first half based on recent hatchery data. Turkey production is lowered for the first half of 2024 based on hatchery data and expected pressure from lower prices. Egg production is lowered due to reductions of the layer flock as a result of Highly Pathogenic Avian Influenza (HPAI) -related culling through early January. Beef export estimates for 2023 are lowered and imports are raised on recent trade data. For 2024, beef imports are raised largely on higher expected imports from Oceania. The export forecast is lowered on weaker sales to a number of markets in Asia . Pork imports for 2023 are unchanged, but exports are raised. For 2024, pork imports are unchanged, and exports are raised slightly. Broiler exports in 2023 are raised on recent trade data and 2024 exports are also raised slightly. Turkey exports are lowered for 2023 but raised for 2024 as prices are expected to remain competitive. Price estimates for 2023 reflect December data. For 2024, cattle prices are unchanged. Hog prices are lowered in 2024 reflecting continued softness in demand and increased hog supplies. Broiler prices are projected higher as demand strength in late 2023 is expected to carry over into 2024. Turkey prices for 2024 are lowered with soft demand in late 2023 carrying over into 2024. Egg prices for 2024 are raised on recent prices and impacts of recent HPAI outbreaks on the flock size. Milk production for 2023 is lowered from last month, with lower milk cow inventories and lower expected milk per cow. The 2024 production forecast is lower due to a reduced average cow inventory for the year and slower growth in output per cow. USDA’s Cattle report , which will be released January 31, will provide an indication of producer intentions for retaining dairy heifers for addition to the breeding herd. Fat and skim-solids bases imports for 2023 are unchanged based on recent trade data. Fat and skim -solid bases imports for 2024 are lowered, based on lower expected cheese and butter fats imports. Exports on a fat basis for 2023 are lowered based on recent trade data. Exports on a skim -solids basis are raised for 2023. For 2024, exports on a fat basis are raised as butter and WASDE- 644-5 cheese prices are expected to be more competitive on the world market. Skim -solids basis exports for 2024 are unchanged. For 2023, product and Class price estimates are adjusted to reflect reported prices. For 2024, prices for cheese are lowered due to recent price weakness, while butter, non- fat dry milk (NDM) and whey prices are all expected to be higher. The Class III price is lowered, with lower cheese prices outweighing higher whey prices. Class IV prices are raised, due to higher butter and NDM price forecasts. The 2023 all milk price forecast is unchanged at $20.60 per cwt and the 2024 all milk price is lowered to $20.00 per cwt. COTTON : This month’s U.S. 2023/24 cotton forecasts include lower production, exports, and ending stocks. Production is 342,000 bales lower, at 12.4 million bales, largely due to reductions in Texas. Exports are 100,000 bales lower, and ending stocks are 200,000 bales lower at 2.9 million. The season- average upland price received by farmers is projected 1 cent lower this month at 76 cents per pound. World 2023/24 ending stocks are forecast 2.0 million bales higher this month driven by higher beginning stocks and production together with lower consumption. Lower 2022/23 consumption in Uzbekistan accounts for most of this month’s 400,000- bale increase in 2023/24 beginning stocks. World consumption in 2023/24 is forecast 1.3 million bales lower than last month due to reductions for India, Indonesia, Pakistan, Uzbekistan, and Turkey. World production is 260,000 bales higher with China’s crop up 500,000 bales and Argentina’s production higher as well, but lower U.S. production. World trade is little- changed as a 500,000- bale increase in C hina’s projected imports is more than offset by reductions in Indonesia, Pakistan, and several smaller countries. Approved by the Secretary of Agriculture and by the Chairman of the World Agricultural Outlook Board, Mark Jekanowski, (202) 720 -6030 . This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: ROBERT BONNIE SECRETARY OF AGRICULTURE DESIGNATE WASDE- 644-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone, ICEC Chair, WAOB, [email protected] Andrew Sowell, ERS; Rachel Trego, FAS; Bruce McWilliams, FPAC. Rice: Mark Simone, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS ; Kent Lanclos, FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Aaron Ates , ERS; Kevin Min, FAS; Jacob Vuillemin, FPAC. Oilseeds: Joanna Hitchner , ICEC Chair, WAOB, [email protected] Maria Bukowski, ERS; Agata Kingsbury, FAS; Gustavo Ferreira, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; Graham Soley, FAS; Kent Lanclos, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Vida Abadam, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Claire Mezoughem, FAS; Jacob Vuillemin, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Grace Grossen, ERS; Claire Mezoughem, FAS; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Adriana Valcu- Lisman, ERS; Jeffery Dwyer, FAS; Georgi Gabrielyan, FPAC. In 2024 the WASDE report will be released on Feb 8, Mar 8, Apr 11, May 10, Jun 12, Jul 12, Aug 12, Sep 12, Oct 11, Nov 8, and Dec 10. WASDE- 644-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Production .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 January 2024 WASDE - 644 - 8 World and U.S. Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2021/22 2793.89 3589.15 513.50 2794.79 794.36 2022/23 (Est.) 2748.16 3542.51 495.55 2764.90 777.62 filler filler filler filler filler 2023/24 (Proj.) Dec 2803.06 3577.14 499.61 2809.63 767.51 2023/24 (Proj.) Jan 2812.30 3589.92 501.28 2810.97 778.95 filler filler filler filler filler Wheat 2021/22 780.05 1064.48 202.77 791.16 273.32 2022/23 (Est.) 789.17 1062.49 220.17 790.93 271.56 filler filler filler filler filler 2023/24 (Proj.) Dec 783.01 1052.86 207.19 794.66 258.20 2023/24 (Proj.) Jan 784.91 1056.47 209.54 796.44 260.03 filler filler filler filler filler Coarse Grains 5/ 2021/22 1500.75 1823.76 253.83 1486.01 337.75 2022/23 (Est.) 1446.03 1783.78 221.01 1453.53 330.25 filler filler filler filler filler 2023/24 (Proj.) Dec 1501.99 1831.48 240.45 1489.93 341.55 2023/24 (Proj.) Jan 1513.85 1844.10 240.25 1492.43 351.67 filler filler filler filler filler Rice, milled 2021/22 513.10 700.91 56.90 517.62 183.28 2022/23 (Est.) 512.96 696.24 54.38 520.44 175.81 filler filler filler filler filler 2023/24 (Proj.) Dec 518.07 692.81 51.97 525.05 167.76 2023/24 (Proj.) Jan 513.54 689.35 51.50 522.10 167.25 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2021/22 447.17 511.98 94.82 360.06 57.09 2022/23 (Est.) 406.43 471.36 67.73 350.03 53.60 filler filler filler filler filler 2023/24 (Proj.) Dec 456.55 518.26 81.49 360.64 76.13 2023/24 (Proj.) Jan 459.13 520.72 81.72 362.27 76.74 filler filler filler filler filler Wheat 2021/22 44.80 70.42 21.66 30.41 18.36 2022/23 (Est.) 44.90 66.57 20.65 30.42 15.50 filler filler filler filler filler 2023/24 (Proj.) Dec 49.31 69.09 19.73 31.43 17.92 2023/24 (Proj.) Jan 49.31 68.76 19.73 31.41 17.62 filler filler filler filler filler Coarse Grains 5/ 2021/22 396.30 432.90 70.52 324.91 37.48 2022/23 (Est.) 356.45 397.18 45.04 315.00 37.14 filler filler filler filler filler 2023/24 (Proj.) Dec 400.26 439.97 59.03 324.06 56.88 2023/24 (Proj.) Jan 402.89 442.73 59.29 325.71 57.73 filler filler filler filler filler Rice, milled 2021/22 6.07 8.65 2.65 4.74 1.26 2022/23 (Est.) 5.08 7.61 2.04 4.61 0.96 filler filler filler filler filler 2023/24 (Proj.) Dec 6.98 9.21 2.73 5.14 1.33 2023/24 (Proj.) Jan 6.93 9.23 2.70 5.14 1.38 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). January 2024 WASDE - 644 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2021/22 2,346.73 3,077.17 418.67 2,434.73 737.27 2022/23 (Est.) 2,341.73 3,071.16 427.82 2,414.87 724.02 filler filler filler filler filler 2023/24 (Proj.) Dec 2,346.51 3,058.88 418.11 2,448.99 691.38 2023/24 (Proj.) Jan 2,353.17 3,069.20 419.57 2,448.70 702.21 filler filler filler filler filler Wheat 2021/22 735.25 994.06 181.11 760.75 254.97 2022/23 (Est.) 744.27 995.92 199.52 760.51 256.06 filler filler filler filler filler 2023/24 (Proj.) Dec 733.69 983.77 187.46 763.22 240.28 2023/24 (Proj.) Jan 735.59 987.71 189.81 765.03 242.41 filler filler filler filler filler Coarse Grains 5/ 2021/22 1,104.45 1,390.86 183.31 1,161.10 300.28 2022/23 (Est.) 1,089.58 1,386.60 175.96 1,138.53 293.12 filler filler filler filler filler 2023/24 (Proj.) Dec 1,101.72 1,391.51 181.42 1,165.87 284.67 2023/24 (Proj.) Jan 1,110.96 1,401.37 180.96 1,166.71 293.94 filler filler filler filler filler Rice, milled 2021/22 507.03 692.25 54.25 512.88 182.02 2022/23 (Est.) 507.88 688.63 52.33 515.83 174.85 filler filler filler filler filler 2023/24 (Proj.) Dec 511.09 683.60 49.24 519.90 166.43 2023/24 (Proj.) Jan 506.61 680.12 48.80 516.96 165.87 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grain s. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2021/22 114.46 192.09 43.19 116.10 76.37 2022/23 (Est.) 116.56 192.93 36.96 111.16 83.22 filler filler filler filler filler 2023/24 (Proj.) Dec 112.92 195.75 43.15 113.73 82.40 2023/24 (Proj.) Jan 113.18 196.39 43.05 112.43 84.38 filler filler filler filler filler United States 2021/22 17.52 20.68 14.48 2.55 4.05 2022/23 (Est.) 14.47 18.52 12.77 2.05 4.25 filler filler filler filler filler 2023/24 (Proj.) Dec 12.78 17.03 12.20 1.90 3.10 2023/24 (Proj.) Jan 12.43 16.69 12.10 1.90 2.90 filler filler filler filler filler Foreign 4/ 2021/22 96.94 171.42 28.71 113.55 72.32 2022/23 (Est.) 102.09 174.41 24.20 109.11 78.97 filler filler filler filler filler 2023/24 (Proj.) Dec 100.14 178.72 30.95 111.83 79.30 2023/24 (Proj.) Jan 100.75 179.71 30.95 110.53 81.48 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. January 2024 WASDE - 644 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2021/22 611.77 727.80 179.45 510.19 117.47 2022/23 (Est.) 634.53 752.00 202.61 523.68 120.11 filler filler filler filler filler 2023/24 (Proj.) Dec 660.99 781.21 196.80 542.48 131.69 2023/24 (Proj.) Jan 660.18 780.29 197.35 541.96 131.34 filler filler filler filler filler Oilmeals 2021/22 349.56 369.81 96.25 346.98 20.55 2022/23 (Est.) 356.63 377.18 96.95 355.45 17.80 filler filler filler filler filler 2023/24 (Proj.) Dec 370.41 388.14 100.73 364.20 20.03 2023/24 (Proj.) Jan 369.85 387.65 100.71 364.10 19.69 filler filler filler filler filler Vegetable Oils 2021/22 207.78 236.57 79.60 202.43 29.09 2022/23 (Est.) 217.18 246.27 88.27 210.78 30.88 filler filler filler filler filler 2023/24 (Proj.) Dec 223.60 254.49 89.82 218.75 30.70 2023/24 (Proj.) Jan 223.04 253.91 89.89 218.48 30.41 filler filler filler filler filler United States Output Total Supply Trade Total Use 2 / Ending Stocks Oilseeds 2021/22 131.32 141.14 59.55 63.87 9.14 2022/23 (Est.) 125.75 136.42 55.12 64.35 8.85 filler filler filler filler filler 2023/24 (Proj.) Dec 121.45 131.93 48.78 66.68 8.25 2023/24 (Proj.) Jan 122.37 132.70 48.79 66.71 9.15 filler filler filler filler filler Oilmeals 2021/22 49.27 53.23 12.46 40.42 0.35 2022/23 (Est.) 50.05 54.71 13.51 40.80 0.41 filler filler filler filler filler 2023/24 ( Proj.) Dec 51.49 56.13 14.11 41.58 0.44 2023/24 (Proj.) Jan 51.52 56.16 14.10 41.62 0.44 filler filler filler filler filler Vegetable Oils 2021/22 13.06 19.62 1.05 17.30 1.27 2022/23 (Est.) 13.27 20.81 0.33 19.36 1.12 filler filler filler filler filler 2023/24 (Proj.) Dec 13.58 21.32 0.33 19.89 1.10 2023/24 (Proj.) Jan 13.59 21.38 0.30 19.97 1.11 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2021/22 480.45 586.66 119.90 446.32 108.33 2022/23 (Est.) 508.78 615.58 147.49 459.33 111.26 filler filler filler filler filler 2023/24 (Proj.) Dec 539.54 649.28 148.02 475.80 123.45 2023/24 (Proj.) Jan 537.80 647.59 148.56 475.25 122.19 filler filler filler filler filler Oilmeals 2021/22 300.29 316.58 83.79 306.56 20.20 2022/23 (Est.) 306.58 322.47 83.44 314.65 17.39 filler filler filler filler filler 2023/24 (Proj.) Dec 318.92 332.00 86.62 322.62 19.59 2023/24 (Proj.) Jan 318.33 331.49 86.62 322.48 19.25 filler filler filler filler filler Vegetable Oils 2021/22 194.72 216.95 78.55 185.13 27.82 2022/23 (Est.) 203.91 225.46 87.94 191.42 29.76 filler filler filler filler filler 2023/24 (Proj.) Dec 210.02 233.16 89.49 198.85 29.60 2023/24 (Proj.) Jan 209.44 232.53 89.58 198.51 29.30 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. January 2024 WASDE - 644 - 11 U.S. Wheat Supply and Use 1/ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Dec Jan Million Acres Area Planted 46.7 45.8 49.6 49.6 Area Harvested 37.1 35.5 37.3 37.3 Bushels Yield per Harvested Acre 44.3 46.5 48.6 48.6 Million Bushels Beginning Stocks 845 674 582 570 Production 1,646 1,650 1,812 1,812 Imports 96 122 145 145 Supply, Total 2,588 2,446 2,539 2,527 Food 971 973 970 970 Seed 58 68 65 64 Feed and Residual 88 77 120 120 Domestic, Total 1,117 1,118 1,155 1,154 Exports 796 759 725 725 Use, Total 1,913 1,876 1,880 1,879 Ending Stocks 674 570 659 648 Avg. Farm Price ($/bu) 2/ 7.63 8.83 7.30 7.20 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2022/23 (Est.) Beginning Stocks 356 142 99 54 24 674 Production 531 446 336 272 64 1,650 Imports 5 56 4 7 51 122 Supply, Total 3/ 891 644 439 333 139 2,446 Food 374 266 163 85 85 973 Seed 29 17 14 6 3 68 Feed and Residual 42 -8 65 -22 0 77 Domestic Use 444 275 242 68 88 1,118 Exports 224 214 107 190 23 759 Use, Total 669 489 349 259 111 1,876 Ending Stocks, Total 223 155 90 74 28 570 2023/24 (Proj.) Beginning Stocks 223 155 90 74 28 570 Production 601 468 449 235 59 1,812 Imports 25 65 10 5 40 145 Supply, Total 3/ 849 688 549 314 127 2,527 Food 378 260 164 85 83 970 Seed 27 16 13 6 2 64 Feed and Residual 25 10 90 -5 0 120 Domestic Use 430 286 267 86 85 1,154 Exports 145 225 175 155 25 725 Use, Total 575 511 442 241 110 1,879 Ending Stocks, Total Jan 274 177 107 73 17 648 Ending Stocks, Total Dec 280 178 118 66 17 659 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. January 2024 WASDE - 644 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Dec Jan Million Acres Area Planted 105.5 100.0 107.7 107.5 Area Harvested 94.1 86.6 96.7 96.0 Metric Tons Yield per Harvested Acre 4.21 4.11 4.13 4.19 Million Metric Tons Beginning Stocks 34.0 37.5 37.0 37.1 Production 396.0 356.1 400.0 402.6 Imports 2.3 2.9 2.4 2.4 Supply, Total 432.4 396.5 439.4 442.1 Feed and Residual 147.4 142.3 147.0 147.6 Food, Seed & Industrial 177.0 172.1 176.5 177.5 Domestic, Total 324.4 314.4 323.5 325.1 Exports 70.5 45.0 59.0 59.3 Use, Total 394.9 359.4 382.5 384.4 Ending Stocks 37.5 37.1 56.9 57.7 CORN 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. December January Million Acres Area Planted 92.9 88.2 94.9 94.6 Area Harvested 85.0 78.7 87.1 86.5 Bushels Yield per Harvested Acre 176.7 173.4 174.9 177.3 Million Bushels Beginning Stocks 1,235 1,377 1,361 1,360 Production 15,018 13,651 15,234 15,342 Imports 24 39 25 25 Supply, Total 16,277 15,066 16,621 16,727 Feed and Residual 5,671 5,486 5,650 5,675 Food, Seed & Industrial 2/ 6,757 6,559 6,740 6,790 Ethanol & by -products 3/ 5,320 5,176 5,325 5,375 Domestic, Total 12,427 12,045 12,390 12,465 Exports 2,472 1,661 2,100 2,100 Use, Total 14,900 13,706 14,490 14,565 Ending Stocks 1,377 1,360 2,131 2,162 Avg. Farm Price ($/bu) 4/ 6.00 6.54 4.85 4.80 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by- products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Market ing- year weighted average price received by farmers. January 2024 WASDE - 644 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Dec Jan Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 7.3 6.3 7.2 7.2 Area Harvested (mil. acres) 6.5 4.6 6.3 6.1 Yield (bushels/acre) 69.0 41.1 51.4 52.0 Beginning Stocks 20 47 24 24 Production 448 188 322 318 Imports 0 0 0 0 Supply, Total 468 235 346 342 Feed and Residual 80 42 45 45 Food, Seed & Industrial 45 59 55 45 Total Domestic 125 102 100 90 Exports 296 109 220 230 Use, Total 421 211 320 320 Ending Stocks 47 24 26 22 Avg. Farm Price ($/bu) 2/ 5.94 5.94 4.85 4.85 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. December January Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.7 2.9 3.1 3.1 Area Harvested (mil. acres) 2.0 2.4 2.6 2.6 Yield (bushels/acre) 60.5 71.7 72.4 72.4 Beginning Stocks 71 37 58 66 Production 121 174 185 185 Imports 15 24 14 14 Supply, Total 207 235 257 265 Feed and Residual 23 36 60 60 Food, Seed & Industrial 139 131 125 125 Total Domestic 162 167 185 185 Exports 7 2 3 3 Use, Total 170 169 188 188 Ending Stocks 37 66 69 77 Avg. Farm Price ($/bu) 2/ 5.31 7.40 7.40 7.50 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. December January Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.6 2.6 2.6 2.6 Area Harvested (mil. acres) 0.7 0.9 0.8 0.8 Yield (bushels/acre) 61.3 65.5 68.6 68.6 Beginning Stocks 38 33 35 35 Production 40 58 57 57 Imports 81 84 85 85 Supply, Total 159 174 177 177 Feed and Residual 44 57 55 55 Food, Seed & Industrial 79 81 81 81 Total Domestic 124 138 136 136 Exports 3 2 2 2 Use, Total 126 140 138 138 Ending Stocks 33 35 39 39 Avg. Farm Price ($/bu) 2/ 4.55 4.57 3.60 3.70 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. January 2024 WASDE - 644 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Dec Jan Million Acres Area Planted 2.53 2.22 2.90 2.89 Area Harvested 2.48 2.17 2.85 2.85 Fil ler Pounds Yield per Harvested Acre 7,710 7,385 7,707 7,649 Million Hundredweight Beginning Stocks 2/ 43.7 39.7 30.3 30.3 Production 191.1 160.0 219.7 218.3 Imports 37.8 39.9 40.0 42.0 Supply, Total 272.5 239.7 289.9 290.5 Domestic & Residual 3/ 149.3 145.1 162.0 162.0 Exports, Total 4/ 83.5 64.3 86.0 85.0 Rough 28.2 18.1 29.0 31.0 Milled (rough equiv.) 55.3 46.2 57.0 54.0 Use, Total 232.8 209.4 248.0 247.0 Ending Stocks 39.7 30.3 41.9 43.5 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 16.10 19.20 17.80 18.40 Total LONG -GRAIN RICE 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. December January Harvested Acres (mil.) 1.93 1.78 2.05 Yield (pounds/acre) 7,471 7,225 7,524 Beginning Stocks 29.7 24.6 21.2 21.2 Imports 30.7 31.9 33.0 35.0 Production 144.0 128.5 152.1 153.9 Supply, Total 7/ 204.4 185.0 206.2 210.0 Domestic & Residual 3/ 117.7 114.0 124.0 125.0 Exports 8/ 62.0 49.8 61.0 61.0 Use, Total 179.7 163.8 185.0 186.0 Ending Stocks 24.6 21.2 21.2 24.0 Avg. Farm Price ($/cwt) 6/ 13.60 16.70 16.00 16.00 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. December January Harvested Acres (mil.) 0.55 0.39 0.81 Yield (pounds/acre) 8,546 8,118 7,963 Beginning Stocks 11.5 13.0 6.8 6.8 Imports 7.1 8.0 7.0 7.0 Production 47.1 31.6 67.6 64.4 Supply, Total 7/ 66.1 52.4 81.4 78.2 Domestic & Residual 3/ 31.6 31.1 38.0 37.0 Exports 8/ 21.5 14.5 25.0 24.0 Use, Total 53.1 45.6 63.0 61.0 Ending Stocks 13.0 6.8 18.4 17.2 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 26.40 29.40 23.30 26.00 California 10/ 31.90 36.00 26.00 30.00 Other States 1/ 13.90 18.20 17.50 17.50 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2019/20 -1.0; 2020/21-2.5;2021/2 2-2.0. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing -year weighted average price received by farme rs. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The California medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the f inal price may differ. 10/ Marketing year beginning October 1. * For June --Planted acres reported in March 31, 2023, "Prospective P lantings." Harvested acres are estimated using long run harvested -to-planted ratios by rice class. For July --Planted and harvested area are reported in June 30, 2023 "Acreage" report. Projected yield is based on by -class trend analysis and planted area. January 2024 WASDE - 644 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Dec Jan Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 87.2 87.5 83.6 83.6 Area Harvested 86.3 86.2 82.8 82.4 Fil ler Bushels Yield per Harvested Acre 51.7 49.6 49.9 50.6 Million Bushels Beginning Stocks 257 274 268 264 Production 4,464 4,270 4,129 4,165 Imports 16 25 30 30 Supply, Total 4,737 4,569 4,428 4,459 Crushings 2,204 2,212 2,300 2,300 Exports 2,152 1,992 1,755 1,755 Seed 102 97 101 101 Residual 5 4 26 23 Use, Total 4,463 4,305 4,182 4,179 Ending Stocks 274 264 245 280 Avg. Farm Price ($/bu) 2/ 13.30 14.20 12.90 12.75 Total SOYBEAN OIL 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. December January Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 2,131 1,991 1,602 1,602 Production 4/ 26,155 26,227 27,025 27,025 Imports 303 376 400 450 Supply, Total 28,589 28,594 29,027 29,077 Domestic Disappearance 24,827 26,614 27,100 27,200 Biofuel 3/ 10,379 12,491 12,800 13,000 Food, Feed & other Industrial 14,449 14,123 14,300 14,200 Exports 1,771 378 350 300 Use, Total 26,598 26,992 27,450 27,500 Ending stocks 1,991 1,602 1,577 1,577 Avg. Price (c/lb) 2/ 72.98 65.26 57.00 54.00 Total SOYBEAN MEAL 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. December January Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 341 311 371 371 Production 4/ 51,814 52,493 54,154 54,154 Imports 655 632 600 600 Supply, Total 52,810 53,436 55,125 55,125 Domestic Disappearance 38,959 38,402 39,425 39,425 Exports 13,540 14,664 15,300 15,300 Use, Total 52,499 53,065 54,725 54,725 Ending Stocks 311 371 400 400 Avg. Price ($/s.t.) 2/ 439.81 451.91 390.00 380.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects soybean oil used for biofuels as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,219 million bushels for 2022/23 and 2,300 million bushels for 2023/24. January 2024 WASDE - 644 - 16 U.S. Sugar Supply and Use 1/ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Dec Jan Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,705 1,820 1,855 1,843 Production 2/ 9,157 9,250 9,243 9,391 Beet Sugar 5,155 5,187 5,363 5,407 Cane Sugar 4,002 4,063 3,880 3,985 Florida 1,934 1,985 2,037 2,037 Louisiana 1,944 2,001 1,799 1,904 Texas 124 76 44 44 Imports 3,646 3,614 3,256 3,310 TRQ 3/ 1,579 1,862 1,620 1,613 Other Program 4/ 298 141 200 200 Non-program 1,769 1,611 1,436 1,497 Mexico 1,379 1,156 971 922 High -tier tariff/other 390 455 465 575 Total Supply 14,508 14,685 14,354 14,544 Exports 29 82 100 160 Deliveries 12,578 12,589 12,630 12,630 Food 12,470 12,473 12,525 12,525 Other 5/ 107 116 105 105 Miscellaneous 81 171 0 0 Total Use 12,688 12,843 12,730 12,790 Ending Stocks 1,820 1,843 1,624 1,754 Stocks to Use Ratio 14.3 14.3 12.8 13.7 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2022/23 and 2023/24 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2022/23, WTO raw sugar TRQ short fall (161) and for 2023/24 (92). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries fo r livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE - reported deliveries: 2021/22 -- 303; estimated 2022/23 -- 304; projected 2023/24 -- 291 Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2022/23 Est. Dec 964 5,224 285 4,627 1,011 835 2022/23 Est. Jan 964 5,224 285 4,627 1,011 835 2023/24 Proj. Dec 835 5,283 286 4,648 856 900 2023/24 Proj. Jan 835 5,016 511 4,648 814 900 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2021/22 = 1,320; Estimated 2022/23 = 1,392; Projected 2023/24 = 1,407; Estimated Oct.2023 -Nov. 2023 = 248; Estimated Oct. -Nov. 2022 = 235. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2022/23 (405 est =387 dom.+18 import); 2023/24 (400 proj = 375 dom.+25 import). Statistical Adjustments: 2022/23 (29), 2023/24 (0). January 2024 WASDE - 644 - 17 U.S. Cotton Supply and Use 1/ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Dec Jan Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 11.21 13.75 10.23 10.23 Harvested 10.26 7.29 8.02 7.06 Fil ler Pounds Yield per Harvested Acre 820 953 765 845 Million 480 Pound Bales Beginning Stocks 3.15 4.05 4.25 4.25 Production 17.52 14.47 12.78 12.43 Imports 0.01 0.00 0.01 0.01 Supply, Total 20.68 18.52 17.03 16.69 Domestic Use 2.55 2.05 1.90 1.90 Exports, Total 14.48 12.77 12.20 12.10 Use, Total 17.03 14.82 14.10 14.00 Unaccounted 2/ -0.40 -0.55 -0.17 -0.21 Ending Stocks 4.05 4.25 3.10 2.90 Avg. Farm Price 3/ 91.4 84.8 77.0 76.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. January 2024 WASDE - 644 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 284.43 780.05 199.93 160.19 791.16 202.77 273.32 World Less China 145.31 643.10 190.36 125.19 643.16 201.89 136.56 United States 23.00 44.80 2.62 2.40 30.41 21.66 18.36 Total Foreign 261.43 735.25 197.31 157.79 760.75 181.11 254.97 Major Exporters 4/ 34.88 327.13 5.79 76.90 184.20 142.40 41.21 Argentina 2.32 22.15 0.00 0.25 6.55 16.00 1.93 Australia 3.02 36.24 0.21 5.00 8.50 27.51 3.45 Canada 5.95 22.42 0.55 5.15 10.15 15.12 3.66 European Union 5/ 10.70 138.16 4.63 45.00 108.25 31.93 13.31 Russia 11.38 75.16 0.30 18.50 41.75 33.00 12.09 Ukraine 1.51 33.01 0.10 3.00 9.00 18.84 6.77 Major Importers 6/ 177.64 204.04 130.32 54.87 323.89 15.28 172.82 Bangladesh 2.14 1.09 6.34 0.55 8.25 0.00 1.31 Brazil 1.91 7.70 6.39 0.45 11.75 3.07 1.18 China 139.12 136.95 9.57 35.00 148.00 0.88 136.76 Japan 1.04 1.13 5.61 0.75 6.30 0.30 1.18 N. Africa 7/ 12.42 21.27 26.61 1.87 47.02 0.41 12.88 Nigeria 0.79 0.09 6.19 0.05 5.85 0.60 0.62 Sel. Mideast 8/ 10.23 16.51 22.76 3.88 38.83 0.75 9.92 Southeast Asia 9/ 4.45 0.00 27.02 8.50 25.63 1.20 4.64 Selected Other India 27.80 109.59 0.03 7.00 109.88 8.03 19.50 Kazakhstan 1.48 11.81 2.50 1.35 6.20 8.10 1.49 United Kingdom 1.42 13.99 2.64 7.32 15.32 0.87 1.85 2022/23 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 273.32 789.17 211.48 153.68 790.93 220.17 271.56 World Less China 136.56 651.44 198.19 120.68 642.93 219.23 132.74 United States 18.36 44.90 3.32 2.09 30.42 20.65 15.50 Total Foreign 254.97 744.27 208.16 151.59 760.51 199.52 256.06 Major Exporters 4/ 41.21 335.12 13.21 74.62 182.02 160.78 46.74 Argentina 1.93 12.55 0.00 0.25 6.75 3.66 4.07 Australia 3.45 40.55 0.20 4.50 8.00 31.82 4.37 Canada 3.66 34.34 0.55 4.17 9.32 25.59 3.64 European Union 5/ 13.31 134.19 12.10 44.00 108.00 35.08 16.52 Russia 12.09 92.00 0.30 19.00 42.25 47.50 14.64 Ukraine 6.77 21.50 0.06 2.70 7.70 17.12 3.50 Major Importers 6/ 172.82 206.01 133.35 50.74 320.50 15.13 176.54 Bangladesh 1.31 1.10 5.12 0.20 6.70 0.00 0.83 Brazil 1.18 10.60 4.68 0.55 11.95 2.69 1.82 China 136.76 137.72 13.28 33.00 148.00 0.95 138.82 Japan 1.18 1.06 5.45 0.75 6.25 0.29 1.14 N. Africa 7/ 12.88 17.33 29.12 1.67 46.42 0.77 12.14 Nigeria 0.62 0.11 4.73 0.00 4.70 0.40 0.36 Sel. Mideast 8/ 9.92 17.23 24.60 3.68 39.73 0.65 11.36 Southeast Asia 9/ 4.64 0.00 24.54 7.40 24.15 1.28 3.75 Selected Other India 19.50 104.00 0.05 6.50 108.68 5.38 9.50 Kazakhstan 1.49 16.40 3.00 1.80 6.75 10.87 3.27 United Kingdom 1.85 15.54 2.02 7.00 15.00 1.91 2.50 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancie s in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines , Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. January 2024 WASDE - 644 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Dec 269.85 783.01 206.73 158.89 794.66 207.19 258.20 Jan 271.56 784.91 209.15 161.06 796.44 209.54 260.03 World Less China Dec 131.03 646.01 194.23 121.89 641.16 206.29 124.28 Jan 132.74 648.32 196.65 124.06 642.94 208.64 126.52 United States Dec 15.83 49.31 3.95 3.27 31.43 19.73 17.92 Jan 15.50 49.31 3.95 3.27 31.41 19.73 17.62 Total Foreign Dec 254.02 733.69 202.78 155.62 763.22 187.46 240.28 Jan 256.06 735.59 205.20 157.79 765.03 189.81 242.41 Major Exporters 4/ Dec 44.40 319.25 9.68 76.25 183.55 152.00 37.79 Jan 46.74 321.15 12.18 77.20 184.50 154.50 41.08 Argentina Dec 3.93 15.00 0.00 0.05 6.55 10.00 2.38 Jan 4.07 15.00 0.00 0.20 6.70 10.00 2.37 Australia Dec 4.37 25.50 0.20 4.00 7.50 18.50 4.07 Jan 4.37 25.50 0.20 4.00 7.50 19.00 3.57 Canada Dec 3.64 31.95 0.60 3.50 8.70 23.50 4.00 Jan 3.64 31.95 0.60 3.50 8.70 24.00 3.50 European Union 5/ Dec 16.52 134.30 8.50 44.50 109.00 37.50 12.82 Jan 16.52 134.30 11.00 45.50 110.00 36.50 15.32 Russia Dec 14.64 90.00 0.30 20.00 43.00 50.00 11.94 Jan 14.64 91.00 0.30 20.00 43.00 51.00 11.94 Ukraine Dec 1.30 22.50 0.08 4.20 8.80 12.50 2.58 Jan 3.50 23.40 0.08 4.00 8.60 14.00 4.38 Major Importers 6/ Dec 176.41 206.64 131.92 54.87 327.98 16.45 170.55 Jan 176.54 206.83 131.32 54.87 327.94 16.45 170.31 Bangladesh Dec 0.83 1.10 5.80 0.25 6.75 0.00 0.98 Jan 0.83 1.10 5.80 0.25 6.75 0.00 0.98 Brazil Dec 1.82 8.40 5.60 0.80 12.20 2.50 1.12 Jan 1.82 8.40 5.60 0.80 12.20 2.50 1.12 China Dec 138.82 137.00 12.50 37.00 153.50 0.90 133.92 Jan 138.82 136.59 12.50 37.00 153.50 0.90 133.51 Japan Dec 1.13 1.12 5.50 0.65 6.25 0.30 1.20 Jan 1.14 1.12 5.50 0.65 6.25 0.30 1.21 N. Africa 7/ Dec 12.14 16.73 30.10 1.75 47.30 0.70 10.97 Jan 12.14 16.73 29.70 1.75 47.30 0.70 10.57 Nigeria Dec 0.36 0.12 4.80 0.00 4.60 0.35 0.33 Jan 0.36 0.12 4.80 0.00 4.60 0.35 0.33 Sel. Mideast 8/ Dec 11.25 19.17 22.52 3.32 39.98 0.63 12.34 Jan 11.36 19.77 22.32 3.32 39.94 0.63 12.89 Southeast Asia 9/ Dec 3.75 0.00 25.20 7.10 24.15 1.12 3.68 Jan 3.75 0.00 25.20 7.10 24.15 1.12 3.68 Selected Other India Dec 9.50 110.55 0.10 5.50 108.65 0.50 11.00 Jan 9.50 110.55 0.25 6.75 109.90 0.40 10.00 Kazakhstan Dec 3.27 12.00 2.00 1.00 5.95 10.00 1.32 Jan 3.27 12.00 2.00 1.00 5.95 10.00 1.32 United Kingdom Dec 2.50 14.30 2.00 6.90 15.00 1.90 1.90 Jan 2.50 14.30 2.00 6.90 15.00 1.90 1.90 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman . 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. January 2024 WASDE - 644 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 323.01 1,500.75 230.11 906.26 1,486.01 253.83 337.75 World Less China 115.56 1,219.90 188.62 678.44 1,165.99 253.82 127.98 United States 34.01 396.30 2.59 147.49 324.91 70.52 37.48 Total Foreign 289.00 1,104.45 227.52 758.77 1,161.10 183.31 300.28 Major Exporters 4/ 19.40 332.29 9.78 138.87 184.93 149.16 27.38 Argentina 2.05 58.64 0.01 12.02 17.84 40.22 2.63 Australia 2.98 19.22 0.00 5.89 7.76 10.83 3.61 Brazil 4.60 120.62 3.25 63.59 75.68 48.30 4.50 Canada 3.63 25.12 6.40 17.50 25.79 5.65 3.71 Russia 1.90 38.54 0.10 22.23 31.11 7.58 1.85 Ukraine 1.65 53.51 0.02 10.63 13.46 32.93 8.79 Major Importers 5/ 36.01 248.24 138.72 285.32 369.66 15.34 37.98 European Union 6/ 14.51 154.84 21.30 117.48 158.27 13.76 18.62 Japan 1.63 0.24 16.51 13.09 16.82 0.00 1.56 Mexico 3.60 32.79 18.56 31.05 50.77 0.25 3.93 N. Afr & Mideast 7/ 6.97 29.05 40.50 60.81 69.40 0.69 6.43 Saudi Arabia 1.33 0.15 8.28 8.02 8.35 0.00 1.41 Southeast Asia 8/ 5.21 30.90 17.31 41.11 49.48 0.64 3.30 South Korea 2.04 0.19 11.62 9.26 11.78 0.00 2.07 Selected Other China 207.46 280.85 41.50 227.83 320.03 0.01 209.77 2022/23 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 337.75 1,446.03 212.76 888.17 1,453.53 221.01 330.25 World Less China 127.98 1,160.53 180.14 658.22 1,132.38 220.97 123.55 United States 37.48 356.45 3.25 142.40 315.00 45.04 37.14 Total Foreign 300.28 1,089.58 209.51 745.77 1,138.53 175.96 293.12 Major Exporters 4/ 27.38 327.40 4.43 135.85 183.51 146.86 28.84 Argentina 2.63 40.84 0.02 9.00 14.93 26.61 1.95 Australia 3.61 18.84 0.00 5.77 7.65 10.94 3.87 Brazil 4.50 141.60 1.95 66.55 80.19 57.02 10.84 Canada 3.71 30.54 2.18 17.11 24.76 7.95 3.72 Russia 1.85 44.13 0.10 23.68 33.15 10.62 2.32 Ukraine 8.79 33.93 0.02 6.70 9.17 29.92 3.65 Major Importers 5/ 37.98 229.87 136.08 273.54 356.45 13.08 34.40 European Union 6/ 18.62 133.04 25.46 111.61 151.33 11.11 14.68 Japan 1.56 0.24 16.45 13.11 16.80 0.00 1.45 Mexico 3.93 33.88 20.24 32.88 52.75 0.10 5.20 N. Afr & Mideast 7/ 6.43 31.39 33.04 55.57 63.59 1.07 6.20 Saudi Arabia 1.41 0.14 7.61 7.41 7.75 0.00 1.41 Southeast Asia 8/ 3.30 30.93 17.80 39.69 48.20 0.80 3.04 South Korea 2.07 0.16 11.23 9.04 11.55 0.00 1.91 Selected Other China 209.77 285.50 32.62 229.95 321.15 0.04 206.70 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grai n in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Afr ica and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. January 2024 WASDE - 644 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Dec 329.49 1,501.99 230.64 916.91 1,489.93 240.45 341.55 Jan 330.25 1,513.85 230.19 918.16 1,492.43 240.25 351.67 World Less China Dec 122.79 1,216.69 191.94 680.21 1,161.98 240.42 138.82 Jan 123.55 1,216.70 191.04 679.01 1,162.03 240.22 139.10 United States Dec 37.00 400.26 2.71 147.10 324.06 59.03 56.88 Jan 37.14 402.89 2.71 147.74 325.71 59.29 57.73 Total Foreign Dec 292.50 1,101.72 227.93 769.81 1,165.87 181.42 284.67 Jan 293.12 1,110.96 227.48 770.43 1,166.71 180.96 293.94 Major Exporters 4/ Dec 28.67 336.08 5.14 140.66 190.20 151.65 28.05 Jan 28.84 334.02 5.15 140.50 189.89 150.80 27.33 Argentina Dec 1.78 63.28 0.01 11.61 17.77 45.50 1.80 Jan 1.95 63.28 0.02 11.61 17.77 45.50 1.97 Australia Dec 3.86 13.34 0.00 6.11 7.99 7.16 2.06 Jan 3.87 13.34 0.00 6.11 7.99 7.16 2.06 Brazil Dec 10.84 134.33 1.70 68.28 83.31 55.03 8.53 Jan 10.84 132.33 1.70 68.28 83.31 54.03 7.53 Canada Dec 3.72 27.16 3.25 16.81 24.75 6.18 3.19 Jan 3.72 27.16 3.25 16.81 24.75 6.18 3.19 Russia Dec 2.32 43.20 0.10 22.95 32.25 11.31 2.07 Jan 2.32 42.94 0.10 22.79 31.94 11.36 2.07 Ukraine Dec 3.65 37.42 0.02 7.51 9.94 23.07 8.09 Jan 3.65 37.62 0.02 7.51 9.94 23.17 8.19 Major Importers 5/ Dec 34.20 232.74 145.73 284.25 368.23 12.98 31.47 Jan 34.40 230.96 144.98 281.50 365.33 13.65 31.36 European Union 6/ Dec 14.68 136.56 26.68 112.92 153.16 10.69 14.05 Jan 14.68 134.78 25.60 110.45 150.55 10.66 13.85 Japan Dec 1.45 0.25 17.01 13.34 17.24 0.00 1.47 Jan 1.45 0.25 17.01 13.34 17.24 0.00 1.47 Mexico Dec 5.20 31.31 20.33 33.19 53.19 0.20 3.45 Jan 5.20 31.31 20.33 33.18 53.18 0.20 3.45 N. Afr & Mideast 7/ Dec 6.00 33.32 37.42 61.48 69.68 1.47 5.59 Jan 6.20 33.32 37.79 61.35 69.54 2.17 5.60 Saudi Arabia Dec 1.41 0.15 8.81 8.62 8.96 0.00 1.41 Jan 1.41 0.15 8.81 8.62 8.96 0.00 1.41 Southeast Asia 8/ Dec 3.04 30.91 18.91 40.65 49.20 0.61 3.04 Jan 3.04 30.91 18.86 40.50 49.05 0.61 3.13 South Korea Dec 1.91 0.16 11.91 9.54 12.03 0.00 1.95 Jan 1.91 0.16 11.91 9.54 12.03 0.00 1.95 Selected Other China Dec 206.70 285.30 38.70 236.70 327.95 0.03 202.73 Jan 206.70 297.14 39.15 239.15 330.40 0.03 212.57 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philip pines, Thailand, and Vietnam. January 2024 WASDE - 644 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 292.94 1,215.90 184.45 743.16 1,198.33 206.60 310.52 World Less China 87.24 943.35 162.57 534.16 907.33 206.59 101.38 United States 31.36 381.47 0.62 144.04 315.67 62.80 34.98 Total Foreign 261.59 834.43 183.84 599.13 882.66 143.79 275.54 Major Exporters 4/ 9.04 238.99 2.67 93.66 116.66 117.60 16.45 Argentina 1.18 49.50 0.01 10.10 14.20 34.69 1.80 Brazil 4.15 116.00 2.60 59.50 70.50 48.28 3.97 Russia 0.75 15.23 0.05 10.00 11.10 4.00 0.93 South Africa 2.12 16.14 0.00 6.86 12.66 3.65 1.95 Ukraine 0.83 42.13 0.02 7.20 8.20 26.98 7.80 Major Importers 5/ 21.60 136.78 94.26 165.82 222.25 6.92 23.47 Egypt 1.36 7.44 9.76 14.50 17.00 0.00 1.56 European Union 6/ 7.83 71.55 19.74 60.00 81.70 6.03 11.39 Japan 1.39 0.01 15.00 11.70 15.04 0.00 1.36 Mexico 3.08 26.76 17.57 25.80 44.00 0.25 3.16 Southeast Asia 7/ 5.21 30.85 16.13 40.10 48.25 0.64 3.29 South Korea 2.02 0.09 11.51 9.22 11.56 0.00 2.06 Selected Other Canada 2.17 14.61 6.14 12.17 17.98 2.19 2.75 China 205.70 272.55 21.88 209.00 291.00 0.00 209.14 2022/23 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2 / Exports Ending Stocks World 3/ 310.52 1,155.63 172.21 728.26 1,165.59 180.81 300.56 World Less China 101.38 878.43 153.50 510.26 866.59 180.80 94.52 United States 34.98 346.74 0.98 139.36 305.95 42.20 34.55 Total Foreign 275.54 808.89 171.23 588.90 859.64 138.62 266.01 Major Exporters 4/ 16.45 230.93 1.39 89.80 114.60 116.82 17.34 Argentina 1.80 34.00 0.02 7.50 11.70 23.00 1.11 Brazil 3.97 137.00 1.30 62.50 75.00 57.00 10.27 Russia 0.93 15.83 0.05 8.90 10.00 5.90 0.91 South Africa 1.95 17.10 0.00 6.90 13.00 3.80 2.25 Ukraine 7.80 27.00 0.02 4.00 4.90 27.12 2.80 Major Importers 5/ 23.47 118.97 95.19 156.95 212.55 5.11 19.98 Egypt 1.56 7.44 6.22 11.20 13.70 0.00 1.51 European Union 6/ 11.39 52.40 23.15 55.00 75.50 4.21 7.23 Japan 1.36 0.01 14.93 11.70 15.00 0.00 1.30 Mexico 3.16 28.08 19.36 27.50 46.00 0.10 4.50 Southeast Asia 7/ 3.29 30.88 16.25 38.35 46.60 0.80 3.03 South Korea 2.06 0.09 11.10 9.00 11.35 0.00 1.90 Selected Other Canada 2.75 14.54 2.13 9.58 14.93 2.86 1.63 China 209.14 277.20 18.71 218.00 299.00 0.01 206.04 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. January 2024 WASDE - 644 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Dec 300.10 1,222.07 191.53 761.30 1,206.95 201.46 315.22 Jan 300.56 1,235.73 190.76 763.73 1,211.07 200.89 325.22 World Less China Dec 94.06 945.07 168.53 538.30 902.95 201.44 113.20 Jan 94.52 946.89 167.76 538.73 905.07 200.87 113.36 United States Dec 34.58 386.97 0.64 143.52 314.72 53.34 54.12 Jan 34.55 389.69 0.64 144.15 316.63 53.34 54.91 Total Foreign Dec 265.52 835.10 190.89 617.78 892.23 148.12 261.10 Jan 266.01 846.04 190.13 619.58 894.44 147.54 270.31 Major Exporters 4/ Dec 17.34 248.30 1.28 95.60 122.30 125.70 18.91 Jan 17.34 246.30 1.29 95.60 122.30 124.70 17.93 Argentina Dec 1.11 55.00 0.01 9.80 14.10 41.00 1.01 Jan 1.11 55.00 0.02 9.80 14.10 41.00 1.03 Brazil Dec 10.27 129.00 1.20 63.50 77.50 55.00 7.97 Jan 10.27 127.00 1.20 63.50 77.50 54.00 6.97 Russia Dec 0.91 17.00 0.05 10.50 11.60 5.30 1.06 Jan 0.91 17.00 0.05 10.50 11.60 5.30 1.06 South Africa Dec 2.25 16.80 0.00 7.30 13.60 3.40 2.05 Jan 2.25 16.80 0.00 7.30 13.60 3.40 2.05 Ukraine Dec 2.80 30.50 0.02 4.50 5.50 21.00 6.82 Jan 2.80 30.50 0.02 4.50 5.50 21.00 6.82 Major Importers 5/ Dec 19.99 123.85 102.55 166.60 222.95 5.01 18.42 Jan 19.98 123.84 101.45 165.40 221.75 5.01 18.51 Egypt Dec 1.51 7.20 8.50 13.30 15.80 0.00 1.41 Jan 1.51 7.20 8.50 13.30 15.80 0.00 1.41 European Union 6/ Dec 7.23 60.10 24.50 59.30 80.20 4.20 7.43 Jan 7.23 60.10 23.50 58.30 79.20 4.20 7.43 Japan Dec 1.30 0.01 15.50 12.00 15.50 0.00 1.31 Jan 1.30 0.01 15.50 12.00 15.50 0.00 1.31 Mexico Dec 4.50 25.50 19.60 28.00 46.60 0.20 2.80 Jan 4.50 25.50 19.60 28.00 46.60 0.20 2.80 Southeast Asia 7/ Dec 3.03 30.86 18.05 40.00 48.30 0.61 3.03 Jan 3.03 30.86 17.95 39.80 48.10 0.61 3.13 South Korea Dec 1.90 0.09 11.80 9.50 11.85 0.00 1.94 Jan 1.90 0.09 11.80 9.50 11.85 0.00 1.94 Selected Other Canada Dec 1.63 15.08 3.20 10.50 16.00 1.80 2.10 Jan 1.63 15.08 3.20 10.50 16.00 1.80 2.10 China Dec 206.04 277.00 23.00 223.00 304.00 0.02 202.02 Jan 206.04 288.84 23.00 225.00 306.00 0.02 211.86 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. January 2024 WASDE - 644 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 187.81 513.10 54.48 517.62 56.90 183.28 World Less China 71.31 364.11 48.53 361.26 54.82 70.28 United States 1.39 6.07 1.20 4.74 2.65 1.26 Total Foreign 186.42 507.03 53.28 512.88 54.25 182.02 Major Exporters 4/ 47.32 197.74 1.76 158.55 43.91 44.36 Burma 1.31 12.40 0.00 10.50 2.34 0.88 India 37.00 129.47 0.00 110.45 22.03 34.00 Pakistan 1.89 9.32 0.01 3.70 4.82 2.70 Thailand 4.38 19.88 0.05 12.50 7.68 4.13 Vietnam 2.74 26.67 1.70 21.40 7.05 2.66 Major Importers 5/ 126.70 242.03 22.46 263.16 2.54 125.49 China 116.50 148.99 5.95 156.36 2.08 113.00 European Union 6/ 0.68 1.73 2.41 3.50 0.41 0.91 Indonesia 3.06 34.40 0.74 35.30 0.00 2.90 Nigeria 1.69 5.26 2.45 7.35 0.00 2.05 Philippines 2.36 12.54 3.60 15.40 0.00 3.10 Sel. Mideast 7/ 0.83 2.18 4.35 6.20 0.00 1.16 Selected Other Brazil 1.17 7.34 0.93 7.15 1.39 0.90 C. Amer & Carib 8/ 0.57 1.62 1.68 3.27 0.04 0.57 Egypt 1.16 2.90 0.61 4.05 0.01 0.61 Japan 1.94 7.64 0.69 8.20 0.12 1.95 Mexico 0.20 0.18 0.74 0.97 0.01 0.14 South Korea 1.02 3.88 0.44 3.95 0.05 1.33 2022/23 Est. Beginning Stocks Productio n Imports Total /2 Domestic Exports Ending Stocks World 3/ 183.28 512.96 54.50 520.44 54.38 175.81 World Less China 70.28 367.01 50.12 365.44 52.64 69.21 United States 1.26 5.08 1.27 4.61 2.04 0.96 Total Foreign 182.02 507.88 53.23 515.83 52.33 174.85 Major Exporters 4/ 44.36 200.90 1.86 162.21 42.61 42.31 Burma 0.88 11.80 0.00 10.20 1.50 0.98 India 34.00 135.76 0.00 114.51 20.25 35.00 Pakistan 2.70 5.50 0.01 3.60 3.76 0.84 Thailand 4.13 20.91 0.05 12.50 8.70 3.89 Vietnam 2.66 26.94 1.80 21.40 8.40 1.60 Major Importers 5/ 125.49 238.73 22.91 263.79 2.16 121.17 China 113.00 145.95 4.38 154.99 1.74 106.60 European Union 6/ 0.91 1.34 2.30 3.35 0.39 0.81 Indonesia 2.90 34.00 3.10 35.60 0.00 4.40 Nigeria 2.05 5.36 2.28 7.50 0.00 2.18 Philippines 3.10 12.63 3.75 16.00 0.00 3.48 Sel. Mideast 7/ 1.16 2.01 4.37 6.30 0.00 1.23 Selected Other Brazil 0.90 7.00 1.00 7.00 1.20 0.70 C. Amer & Carib 8/ 0.57 1.54 1.98 3.38 0.05 0.65 Egypt 0.61 3.60 0.39 4.00 0.01 0.60 Japan 1.95 7.48 0.66 8.20 0.12 1.77 Mexico 0.14 0.14 0.78 0.98 0.01 0.08 South Korea 1.33 3.76 0.26 3.95 0.06 1.35 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. January 2024 WASDE - 644 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Dec 174.74 518.07 49.35 525.05 51.97 167.76 Jan 175.81 513.54 49.69 522.10 51.50 167.25 World Less China Dec 68.14 369.07 46.55 373.15 49.97 63.26 Jan 69.21 368.92 46.99 372.18 49.50 65.25 United States Dec 0.96 6.98 1.27 5.14 2.73 1.33 Jan 0.96 6.93 1.33 5.14 2.70 1.38 Total Foreign Dec 173.78 511.09 48.08 519.90 49.24 166.43 Jan 174.85 506.61 48.35 516.96 48.80 165.87 Major Exporters 4/ Dec 41.81 199.95 1.46 165.60 39.10 38.51 Jan 42.31 199.95 1.46 165.60 38.60 39.51 Burma Dec 1.08 11.95 0.00 10.25 1.80 0.99 Jan 0.98 11.95 0.00 10.25 1.80 0.89 India Dec 35.00 132.00 0.00 118.00 16.50 32.50 Jan 35.00 132.00 0.00 118.00 16.00 33.00 Pakistan Dec 0.84 9.00 0.01 3.65 5.00 1.20 Jan 0.84 9.00 0.01 3.65 5.00 1.20 Thailand Dec 3.29 20.00 0.05 12.50 8.20 2.64 Jan 3.89 20.00 0.05 12.50 8.20 3.24 Vietnam Dec 1.60 27.00 1.40 21.20 7.60 1.20 Jan 1.60 27.00 1.40 21.20 7.60 1.20 Major Importers 5/ Dec 120.69 241.30 19.70 262.00 2.46 117.23 Jan 121.17 236.82 20.00 259.97 2.46 115.57 China Dec 106.60 149.00 2.80 151.90 2.00 104.50 Jan 106.60 144.62 2.70 149.92 2.00 102.00 European Union 6/ Dec 0.81 1.43 2.40 3.40 0.40 0.84 Jan 0.81 1.43 2.40 3.40 0.40 0.84 Indonesia Dec 4.00 33.50 2.00 35.80 0.00 3.70 Jan 4.40 33.50 2.50 35.80 0.00 4.60 Nigeria Dec 2.18 5.23 2.10 7.70 0.00 1.80 Jan 2.18 5.23 2.10 7.70 0.00 1.80 Philippines Dec 3.48 12.60 3.80 16.40 0.00 3.48 Jan 3.48 12.60 3.80 16.40 0.00 3.48 Sel. Mideast 7/ Dec 1.25 2.02 4.50 6.55 0.00 1.22 Jan 1.23 2.02 4.55 6.60 0.00 1.20 Selected Other Brazil Dec 0.70 7.48 0.90 7.00 1.30 0.78 Jan 0.70 7.48 0.90 7.00 1.30 0.78 C. Amer & Carib 8/ Dec 0.65 1.52 1.82 3.32 0.04 0.63 Jan 0.65 1.52 1.82 3.32 0.04 0.63 Egypt Dec 0.60 3.78 0.35 4.10 0.01 0.63 Jan 0.60 3.78 0.35 4.10 0.01 0.63 Japan Dec 1.77 7.30 0.69 8.06 0.12 1.57 Jan 1.77 7.30 0.69 8.06 0.12 1.57 Mexico Dec 0.08 0.15 0.83 0.98 0.01 0.07 Jan 0.08 0.15 0.83 0.98 0.01 0.07 South Korea Dec 1.35 3.70 0.46 3.93 0.10 1.48 Jan 1.35 3.70 0.46 3.93 0.10 1.48 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. January 2024 WASDE - 644 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2021/22 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 77.63 114.46 42.96 116.10 43.19 -0.60 76.37 World Less China 40.34 87.66 35.12 82.35 43.07 -0.60 38.30 United States 3.15 17.52 0.01 2.55 14.48 -0.40 4.05 Total Foreign 74.48 96.94 42.96 113.55 28.71 -0.20 72.32 Major Exporters 4/ 25.69 54.41 1.70 34.27 24.46 -0.20 23.27 Central Asia 5/ 3.03 5.09 0.06 4.23 1.47 0.00 2.48 Afr. Fr. Zone 6/ 1.68 5.98 3/ 0.10 6.43 -0.01 1.14 S. Hemis. 7/ 8.77 18.63 0.19 4.38 12.47 -0.19 10.93 Australia 2.51 5.85 3/ 0.01 3.58 -0.19 4.96 Brazil 4.07 10.82 0.02 3.30 7.73 0.00 3.88 India 11.84 24.30 1.00 25.00 3.74 0.00 8.40 Major Importers 8/ 46.49 39.65 38.94 75.47 2.94 0.00 46.67 Mexico 0.44 1.22 0.96 1.90 0.40 0.00 0.32 China 37.29 26.80 7.84 33.75 0.12 0.00 38.06 European Union 9/ 0.37 1.67 0.64 0.62 1.77 0.00 0.30 Turkey 1.76 3.80 5.52 8.60 0.57 0.00 1.92 Pakistan 2.18 6.00 4.50 10.70 0.05 0.00 1.93 Indonesia 0.50 3/ 2.58 2.60 0.01 0.00 0.46 Thailand 0.13 3/ 0.75 0.74 0.00 0.00 0.15 Bangladesh 2.48 0.15 8.45 8.80 0.00 0.00 2.28 Vietnam 1.09 3/ 6.63 6.70 0.00 0.00 1.02 2022/23 Est. Beginning Stocks Productio n Imports Domestic Use Exports Loss /2 Ending Stocks World 76.37 116.56 37.69 111.16 36.96 -0.72 83.22 World Less China 38.30 85.86 31.46 73.66 36.87 -0.72 45.81 United States 4.05 14.47 3/ 2.05 12.77 -0.55 4.25 Total Foreign 72.32 102.09 37.69 109.11 24.20 -0.18 78.97 Major Exporters 4/ 23.27 56.13 2.40 31.94 19.92 -0.19 30.14 Central Asia 5/ 2.48 5.63 0.03 3.56 1.12 0.00 3.46 Afr. Fr. Zone 6/ 1.14 4.02 3/ 0.10 3.88 0.00 1.19 S. Hemis. 7/ 10.93 19.63 0.14 4.21 13.37 -0.19 13.32 Australia 4.96 5.80 3/ 0.01 6.17 -0.19 4.77 Brazil 3.88 11.72 0.01 3.20 6.66 0.00 5.76 India 8.40 26.30 1.73 23.50 1.10 0.00 11.82 Major Importers 8/ 46.67 42.88 32.86 73.52 3.01 0.02 45.87 Mexico 0.32 1.58 0.69 1.75 0.41 0.00 0.43 China 38.06 30.70 6.23 37.50 0.09 0.00 37.40 European Union 9/ 0.30 1.64 0.52 0.55 1.52 0.00 0.39 Turkey 1.92 4.90 4.19 7.50 0.86 0.02 2.63 Pakistan 1.93 3.90 4.50 8.70 0.10 0.00 1.53 Indonesia 0.46 3/ 1.66 1.75 0.02 0.00 0.36 Thailand 0.15 3/ 0.66 0.68 0.00 0.00 0.14 Bangladesh 2.28 0.15 7.00 7.70 0.00 0.00 1.73 Vietnam 1.02 3/ 6.47 6.45 0.00 0.00 1.05 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on suppl y less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regi ons listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. January 2024 WASDE - 644 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2023/24 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Dec 82.83 112.92 43.15 113.73 43.15 -0.37 82.40 Jan 83.22 113.18 43.05 112.43 43.05 -0.41 84.38 World Less China Dec 45.43 85.92 32.15 77.23 43.06 -0.37 43.58 Jan 45.81 85.68 31.55 75.93 42.96 -0.41 44.57 United States Dec 4.25 12.78 0.01 1.90 12.20 -0.17 3.10 Jan 4.25 12.43 0.01 1.90 12.10 -0.21 2.90 filler filler filler filler filler filler filler Total Foreign Dec 78.58 100.14 43.15 111.83 30.95 -0.20 79.30 Jan 78.97 100.75 43.05 110.53 30.95 -0.20 81.48 Major Exporters 4/ Dec 29.76 57.54 2.07 33.32 26.64 -0.20 29.61 Jan 30.14 57.73 2.04 32.82 26.52 -0.20 30.78 Central Asia 5/ Dec 3.12 5.19 0.10 4.19 1.38 0.00 2.85 Jan 3.46 5.18 0.08 3.99 1.38 0.00 3.35 Afr. Fr. Zone 6/ Dec 1.17 4.92 3/ 0.10 4.60 0.00 1.38 Jan 1.19 4.92 3/ 0.10 4.58 0.00 1.43 S. Hemis. 7/ Dec 13.29 21.96 0.17 4.36 18.54 -0.20 12.72 Jan 13.32 22.16 0.17 4.36 18.64 -0.20 12.84 Australia Dec 4.77 5.10 3/ 0.01 5.65 -0.20 4.41 Jan 4.77 5.10 3/ 0.01 5.75 -0.20 4.31 filler filler filler filler filler filler filler Brazil Dec 5.76 14.56 0.02 3.30 11.50 0.00 5.54 Jan 5.76 14.56 0.02 3.30 11.50 0.00 5.54 India Dec 11.82 25.00 1.30 24.00 1.80 0.00 12.32 Jan 11.82 25.00 1.30 23.70 1.60 0.00 12.82 Major Importers 8/ Dec 45.87 39.04 38.59 74.52 2.50 0.00 46.49 Jan 45.87 39.54 38.47 73.80 2.62 0.00 47.45 Mexico Dec 0.43 0.93 0.80 1.60 0.25 0.00 0.30 Jan 0.43 0.93 0.75 1.55 0.25 0.00 0.30 China Dec 37.40 27.00 11.00 36.50 0.09 0.00 38.81 Jan 37.40 27.50 11.50 36.50 0.09 0.00 39.81 European Union 9/ Dec 0.39 1.05 0.59 0.61 1.15 0.00 0.27 Jan 0.39 1.05 0.58 0.60 1.13 0.00 0.29 Turkey Dec 2.63 3.20 4.10 7.50 0.90 0.00 1.53 Jan 2.63 3.20 4.10 7.40 1.05 0.00 1.48 Pakistan Dec 1.53 6.70 4.00 10.00 0.08 0.00 2.15 Jan 1.53 6.70 3.80 9.80 0.08 0.00 2.15 Indonesia Dec 0.36 3/ 2.30 2.20 0.02 0.00 0.45 Jan 0.36 3/ 2.00 1.90 0.02 0.00 0.45 Thailand Dec 0.14 3/ 0.65 0.65 0.00 0.00 0.14 Jan 0.14 3/ 0.63 0.63 0.00 0.00 0.14 Bangladesh Dec 1.73 0.16 7.50 7.80 0.00 0.00 1.59 Jan 1.73 0.16 7.50 7.80 0.00 0.00 1.59 Vietnam Dec 1.05 3/ 6.70 6.70 0.00 0.00 1.05 Jan 1.05 3/ 6.70 6.70 0.00 0.00 1.05 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on suppl y less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso , Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. January 2024 WASDE - 644 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 100.26 360.41 155.52 314.50 363.94 154.22 98.03 World Less China 69.41 344.02 65.02 226.60 255.54 154.12 68.78 United States 6.99 121.50 0.43 59.98 62.89 58.57 7.47 Total Foreign 93.27 238.91 155.08 254.52 301.05 95.65 90.56 Major Exporters 3/ 55.39 181.82 4.43 91.83 102.47 87.25 51.93 Argentina 25.06 43.90 3.84 38.83 46.04 2.86 23.90 Brazil 29.58 130.50 0.54 50.71 53.96 79.06 27.60 Paraguay 0.48 4.18 0.04 2.20 2.25 2.27 0.18 Major Importers 4/ 34.24 20.29 122.72 116.74 144.72 0.42 32.11 China 30.86 16.40 90.50 87.90 108.40 0.10 29.25 European Union 1.56 2.83 14.55 15.40 16.97 0.29 1.68 Southeast Asia 5/ 1.19 0.53 8.26 4.45 9.33 0.02 0.64 Mexico 0.46 0.29 5.96 6.35 6.40 0.00 0.30 2022/23 Est. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 98.03 375.40 164.84 313.91 364.73 171.66 101.87 World Less China 68.78 355.11 64.00 218.91 248.23 171.57 68.08 United States 7.47 116.22 0.67 60.20 62.96 54.21 7.19 Total Foreign 90.56 259.18 164.17 253.71 301.78 117.46 94.68 Major Exporters 3/ 51.93 195.45 9.26 86.76 97.03 106.79 52.82 Argentina 23.90 25.00 9.06 30.32 36.57 4.19 17.21 Brazil 27.60 160.00 0.15 53.10 56.90 95.51 35.35 Paraguay 0.18 9.75 0.01 3.30 3.43 6.30 0.21 Major Importers 4/ 32.11 23.74 132.26 122.57 151.54 0.33 36.23 China 29.25 20.28 100.85 95.00 116.50 0.09 33.79 European Union 1.68 2.55 13.20 14.30 15.88 0.23 1.32 Southeast Asia 5/ 0.64 0.49 8.44 4.02 8.83 0.01 0.73 Mexico 0.30 0.18 6.44 6.65 6.70 0.00 0.22 2023/24 Proj. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ Dec 101.92 398.88 167.65 329.50 383.96 170.29 114.21 Jan 101.87 398.98 168.35 329.40 383.66 170.94 114.60 World Less China Dec 68.13 378.38 65.65 231.50 263.46 170.19 78.52 Jan 68.08 378.14 66.35 231.40 263.16 170.84 78.57 United States Dec 7.30 112.39 0.82 62.60 66.06 47.76 6.68 Jan 7.19 113.34 0.82 62.60 65.97 47.76 7.62 Total Foreign Dec 94.63 286.50 166.83 266.90 317.90 122.53 107.53 Jan 94.68 285.63 167.53 266.80 317.69 123.18 106.98 Major Exporters 3/ Dec 52.87 221.90 6.18 93.85 105.34 112.50 63.12 Jan 52.82 220.20 6.58 92.85 104.14 112.80 62.67 Argentina Dec 17.21 48.00 5.70 34.50 41.75 4.60 24.56 Jan 17.21 50.00 6.10 35.50 42.75 4.60 25.96 Brazil Dec 35.35 161.00 0.45 55.75 59.70 99.50 37.60 Jan 35.35 157.00 0.45 53.75 57.50 99.50 35.80 Paraguay Dec 0.26 10.00 0.02 3.50 3.65 6.00 0.63 Jan 0.21 10.30 0.02 3.50 3.65 6.30 0.58 Major Importers 4/ Dec 36.23 24.43 135.64 127.13 157.49 0.42 38.39 Jan 36.23 24.76 135.84 127.23 157.69 0.42 38.73 China Dec 33.79 20.50 102.00 98.00 120.50 0.10 35.69 Jan 33.79 20.84 102.00 98.00 120.50 0.10 36.03 European Union Dec 1.32 3.07 13.80 15.00 16.59 0.30 1.29 Jan 1.32 3.06 13.80 15.00 16.59 0.30 1.29 Southeast Asia 5/ Dec 0.73 0.47 9.94 5.03 10.16 0.02 0.96 Jan 0.73 0.47 10.14 5.13 10.36 0.02 0.96 Mexico Dec 0.22 0.14 6.40 6.48 6.54 0.00 0.22 Jan 0.22 0.14 6.40 6.48 6.54 0.00 0.22 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and impo rts. Therefore, world supply may not equal world use. 3/ Includes Uruguay 4/ Includes Japan 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. January 2024 WASDE - 644 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 16.56 246.75 67.15 244.79 68.83 16.84 World Less China 15.77 177.14 67.10 175.16 68.35 16.50 United States 0.31 47.01 0.59 35.34 12.28 0.28 Total Foreign 16.25 199.75 66.56 209.45 56.55 16.56 Major Exporters 3/ 6.95 76.39 0.79 29.30 47.74 7.10 Argentina 2.29 30.29 0.14 3.33 26.59 2.80 Brazil 4.47 39.31 0.01 19.70 20.21 3.88 India 0.19 6.80 0.65 6.27 0.94 0.42 Major Importers 4/ 2.42 22.60 38.39 59.75 1.11 2.55 European Union 0.56 12.17 16.54 27.84 0.76 0.66 Mexico 0.20 5.02 1.83 6.88 0.02 0.15 Southeast Asia 5/ 1.60 3.47 18.33 21.43 0.33 1.64 China 0.78 69.62 0.06 69.63 0.48 0.34 2022/23 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 16.84 246.82 62.92 245.92 66.96 13.70 World Less China 16.50 171.58 62.88 171.97 66.17 12.82 United States 0.28 47.62 0.57 34.84 13.30 0.34 Total Foreign 16.56 199.20 62.34 211.08 53.66 13.36 Major Exporters 3/ 7.10 73.03 0.10 30.35 43.96 5.92 Argentina 2.80 23.65 0.07 3.40 20.75 2.36 Brazil 3.88 41.14 0.01 20.30 21.34 3.39 India 0.42 8.24 0.03 6.65 1.87 0.17 Major Importers 4/ 2.55 21.65 36.74 58.24 0.97 1.73 European Union 0.66 11.30 16.01 26.79 0.73 0.45 Mexico 0.15 5.26 1.67 6.93 0.00 0.15 Southeast Asia 5/ 1.64 3.13 17.52 20.97 0.24 1.09 China 0.34 75.24 0.04 73.95 0.80 0.88 2023/24 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Dec 13.74 258.66 66.75 253.56 69.84 15.75 Jan 13.70 258.59 66.70 253.73 69.84 15.42 World Less China Dec 12.87 181.04 66.70 176.81 68.84 14.96 Jan 12.82 180.98 66.65 176.98 68.84 14.62 United States Dec 0.34 49.13 0.54 35.77 13.88 0.36 Jan 0.34 49.13 0.54 35.77 13.88 0.36 Total Foreign Dec 13.41 209.53 66.20 217.79 55.96 15.39 Jan 13.36 209.46 66.15 217.97 55.96 15.05 Major Exporters 3/ Dec 5.92 77.72 0.07 31.13 46.00 6.58 Jan 5.92 77.35 0.07 31.15 45.90 6.29 Argentina Dec 2.36 26.91 0.01 3.45 23.40 2.43 Jan 2.36 27.69 0.01 3.48 24.40 2.19 Brazil Dec 3.39 43.21 0.01 20.70 22.00 3.91 Jan 3.39 41.66 0.01 20.70 20.50 3.86 India Dec 0.17 7.60 0.05 6.98 0.60 0.25 Jan 0.17 8.00 0.05 6.98 1.00 0.25 Major Importers 4/ Dec 1.73 22.87 37.83 59.12 1.01 2.30 Jan 1.73 22.95 37.85 59.20 1.01 2.32 European Union Dec 0.45 11.85 15.80 26.89 0.70 0.51 Jan 0.45 11.85 15.80 26.89 0.70 0.51 Mexico Dec 0.15 5.12 2.05 7.13 0.00 0.19 Jan 0.15 5.12 2.05 7.13 0.00 0.19 Southeast Asia 5/ Dec 1.09 3.92 18.38 21.54 0.31 1.54 Jan 1.09 4.00 18.40 21.63 0.31 1.56 China Dec 0.88 77.62 0.05 76.75 1.00 0.79 Jan 0.88 77.62 0.05 76.75 1.00 0.79 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ Includes Japan. 5/ Indonesia, Malaysi a, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. January 2024 WASDE - 644 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 5.53 59.27 11.54 59.22 12.32 4.79 World Less China 4.41 43.52 11.25 42.52 12.21 4.44 United States 0.97 11.86 0.14 11.26 0.80 0.90 Total Foreign 4.56 47.41 11.40 47.96 11.52 3.89 Major Exporters 3/ 1.25 20.77 0.59 12.49 8.62 1.50 Argentina 0.30 7.66 0.09 2.66 4.87 0.52 Brazil 0.47 9.76 0.03 7.45 2.41 0.41 European Union 0.44 2.93 0.46 2.31 0.97 0.55 Major Importers 4/ 1.78 18.90 6.64 26.16 0.28 0.89 China 1.12 15.75 0.29 16.70 0.11 0.35 India 0.27 1.53 4.23 5.83 0.02 0.19 North Africa 5/ 0.37 1.19 1.42 2.53 0.13 0.32 2022/23 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 4.79 59.12 10.65 58.08 11.53 4.96 World Less China 4.44 42.10 10.24 41.33 11.41 4.04 United States 0.90 11.90 0.17 12.07 0.17 0.73 Total Foreign 3.89 47.22 10.48 46.01 11.35 4.23 Major Exporters 3/ 1.50 19.56 0.65 12.15 8.25 1.31 Argentina 0.52 5.99 0.00 2.05 4.14 0.33 Brazil 0.41 10.23 0.03 7.68 2.69 0.30 European Union 0.55 2.72 0.62 2.36 0.91 0.62 Major Importers 4/ 0.89 20.01 6.35 25.27 0.21 1.77 China 0.35 17.02 0.41 16.75 0.12 0.92 India 0.19 1.85 3.97 5.40 0.01 0.60 North Africa 5/ 0.32 0.86 1.29 2.16 0.08 0.24 2023/24 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Dec 5.01 61.93 10.75 60.79 11.51 5.39 Jan 4.96 61.91 10.77 60.78 11.53 5.34 World Less China Dec 4.09 44.37 10.35 43.09 11.31 4.41 Jan 4.04 44.35 10.37 43.08 11.33 4.36 United States Dec 0.73 12.26 0.18 12.29 0.16 0.72 Jan 0.73 12.26 0.20 12.34 0.14 0.72 Total Foreign Dec 4.29 49.67 10.57 48.50 11.35 4.68 Jan 4.23 49.65 10.57 48.44 11.39 4.63 Major Exporters 3/ Dec 1.27 21.06 0.43 13.33 8.14 1.29 Jan 1.31 20.88 0.43 13.25 8.10 1.26 Argentina Dec 0.33 6.81 0.00 2.35 4.40 0.39 Jan 0.33 7.01 0.00 2.25 4.75 0.34 Brazil Dec 0.30 10.73 0.03 8.45 2.25 0.36 Jan 0.30 10.35 0.03 8.43 1.85 0.40 European Union Dec 0.62 2.85 0.40 2.46 0.90 0.51 Jan 0.62 2.85 0.40 2.51 0.90 0.46 Major Importers 4/ Dec 1.77 20.58 5.87 26.11 0.28 1.84 Jan 1.77 20.70 5.87 26.13 0.28 1.93 China Dec 0.92 17.56 0.40 17.70 0.20 0.98 Jan 0.92 17.56 0.40 17.70 0.20 0.98 India Dec 0.60 1.71 3.30 5.10 0.02 0.49 Jan 0.60 1.80 3.30 5.10 0.02 0.58 North Africa 5/ Dec 0.24 0.98 1.44 2.32 0.05 0.29 Jan 0.24 1.01 1.44 2.34 0.05 0.30 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Includes Paraguay 4/ Includes Bangladesh 5/ Algeria, Egypt, Morocco, a nd Tunisia. Totals may not add due to rounding. January 2024 WASDE - 644 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2022 Annual 28,291 26,996 55,471 46,206 5,222 51,997 107,469 9,074 226.5 2023 I 6,821 7,071 13,937 11,549 1,348 13,039 26,976 2,209 56.9 II 6,710 6,593 13,348 11,545 1,410 13,105 26,453 2,287 58.1 III 6,621 6,488 13,151 11,679 1,354 13,183 26,334 2,327 56.1 IV 6,815 7,150 14,012 11,650 1,350 13,140 27,152 2,365 55.6 Annual Dec Proj. 26,932 27,242 54,351 46,373 5,462 52,417 106,768 9,179 226.9 Jan Est. 26,967 27,302 54,447 46,423 5,462 52,467 106,914 9,189 226.6 2024 I* 6,725 7,170 13,941 11,450 1,340 12,930 26,871 2,280 57.3 II* 6,645 6,625 13,315 11,675 1,360 13,180 26,495 2,300 58.1 III* 6,440 6,785 13,270 11,850 1,370 13,365 26,635 2,355 56.6 IV* 6,300 7,390 13,737 11,700 1,400 13,235 26,972 2,390 56.3 Annual Dec Proj. 25,990 27,730 53,899 46,625 5,510 52,700 106,599 9,385 229.0 Jan Proj. 26,110 27,970 54,262 46,675 5,470 52,710 106,972 9,325 228.3 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2022 Annual 144.40 71.21 140.5 154.5 282.4 25.34 2023 I 160.92 54.83 124.5 170.8 315.9 21.93 II 179.02 56.69 139.3 156.2 135.8 19.30 III 184.27 69.27 115.3 132.5 135.8 19.37 IV 177.93 53.58 118.5 100.8 182.2 21.75 Annual Dec Proj. 175.55 58.70 123.5 140.6 189.4 20.60 Jan Est. 175.54 58.59 124.4 140.1 192.4 20.60 2024 I* 175.00 51.00 123.0 95.0 205.0 19.95 II* 177.00 60.00 130.0 110.0 150.0 19.55 III* 178.00 65.00 125.0 118.0 140.0 19.45 IV* 183.00 55.00 125.0 119.0 165.0 21.15 Annual Dec Proj. 178 60 124 127 150 20.25 Jan Proj. 178.0 58.0 126.0 111.0 165.0 20.00 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51-52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. January 2024 WASDE - 644 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2022 676 28,359 3,390 32,425 3,544 723 28,157 59.1 2023 Est. Dec 723 27,000 3,663 31,387 3,030 615 27,742 57.9 Jan 723 27,035 3,708 31,467 3,015 630 27,822 58.1 2024 Proj. Dec 615 26,058 3,700 30,373 2,845 560 26,968 56.0 Jan 630 26,178 3,770 30,578 2,785 600 27,193 56.5 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2022 446 27,011 1,344 28,800 6,345 504 21,951 51.1 2023 Est. Dec 504 27,257 1,169 28,930 6,749 450 21,732 50.3 Jan 504 27,317 1,169 28,990 6,769 450 21,772 50.4 2024 Proj. Dec 450 27,745 1,215 29,410 6,850 450 22,110 50.9 Jan 450 27,985 1,215 29,650 6,870 450 22,330 51.4 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2022 1,147 55,564 5,092 61,804 9,895 1,256 50,653 111.6 2023 Est. Dec 1,256 54,444 5,118 60,818 9,783 1,094 49,941 109.4 Jan 1,256 54,540 5,163 60,959 9,789 1,109 50,062 109.7 2024 Proj. Dec 1,094 53,992 5,240 60,325 9,701 1,037 49,588 108.2 Jan 1,109 54,355 5,310 60,773 9,661 1,077 50,036 109.2 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2022 705 45,711 176 46,593 7,290 892 38,411 98.9 2023 Est. Dec 892 45,876 133 46,902 7,205 850 38,847 99.5 Jan 892 45,926 130 46,948 7,255 850 38,844 99.5 2024 Proj. Dec 850 46,126 180 47,156 7,245 860 39,051 99.5 Jan 850 46,176 180 47,206 7,275 860 39,071 99.6 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2022 166 5,222 85 5,473 407 190 4,877 14.6 2023 Est. Dec 190 5,462 43 5,695 495 185 5,015 15.0 Jan 190 5,462 43 5,695 490 195 5,010 14.9 2024 Proj. Dec 185 5,510 64 5,759 470 195 5,094 15.1 Jan 195 5,470 64 5,729 500 195 5,034 14.9 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2022 874 51,502 268 52,645 7,716 1,087 43,841 115.2 2023 Est. Dec 1,087 51,921 181 53,188 7,721 1,042 44,425 116.2 Jan 1,087 51,970 177 53,234 7,765 1,052 44,417 116.1 2024 Proj. Dec 1,042 52,200 250 53,492 7,739 1,061 44,692 116.2 Jan 1,052 52,210 250 53,512 7,793 1,061 44,658 116.1 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2022 2,021 107,067 5,361 114,449 17,611 2,343 94,494 226.8 2023 Est. Dec 2,343 106,365 5,298 114,006 17,505 2,136 94,366 225.6 Jan 2,343 106,510 5,340 114,193 17,554 2,161 94,479 225.8 2024 Proj. Dec 2,136 106,192 5,490 113,818 17,440 2,098 94,281 224.5 Jan 2,161 106,565 5,560 114,285 17,454 2,138 94,694 225.3 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. January 2024 WASDE - 644 - 33 U.S. Egg Supply and Use Commodity 2021 2022 2023 Proj. 2023 Est. 2024 Proj. 2024 Proj. Dec Jan Dec Jan Eggs Million Dozen Supply Beginning Stocks 24.5 19.1 18.8 18.8 24.0 23.0 Production 9,297.9 9,073.8 9,178.8 9,188.8 9,385.0 9,325.0 Imports 18.2 26.0 29.5 27.7 30.0 26.0 Total Supply 9,340.6 9,118.9 9,227.0 9,235.2 9,439.0 9,374.0 Use Exports 392.1 226.5 245.0 246.0 238.0 241.0 Hatching Use 1,103.9 1,116.4 1,111.7 1,106.7 1,120.0 1,120.0 Ending Stocks 19.1 18.8 24.0 23.0 22.0 22.0 Disappearance Total 7,825.4 7,757.2 7,846.4 7,859.6 8,059.0 7,991.0 Per Capita (number) 282.5 279.0 280.8 281.3 286.9 284.4 Total U.S. Milk Supply and Use Commodity 2021 2022 2023 Proj. 2023 Est. 2024 Proj. 2024 Proj. Dec Jan Dec Jan Milk Billion Pounds Production 226.3 226.5 226.9 226.6 229.0 228.3 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beginning Stocks 15.6 14.3 14.4 14.4 14.2 14.4 Marketings 225.3 225.5 225.9 225.6 228.0 227.3 Imports 6.5 7.1 7.5 7.5 7.7 7.5 Total Supply 247.4 246.9 247.8 247.5 249.9 249.2 Fat Basis Use Exports 11.5 13.4 10.8 10.6 11.4 11.6 Ending Stocks 14.3 14.4 14.2 14.4 13.9 14.0 Domestic Use 221.6 219.1 222.9 222.5 224.6 223.7 Skim -solid Basis Supply Beginning Stocks 10.9 11.1 11.7 11.7 11.6 10.6 Marketings 225.3 225.5 225.9 225.6 228.0 227.3 Imports 5.8 6.7 6.3 6.3 6.5 6.4 Total Supply 241.9 243.3 243.9 243.6 246.1 244.3 Skim -solid Basis Use Exports 50.6 52.9 49.9 50.0 53.2 53.2 Ending Stocks 11.1 11.7 11.6 10.6 11.0 10.8 Domestic Use 180.2 178.7 182.5 183.0 182.0 180.3 Total Note: Totals may not add due to rounding. January 2024 WASDE - 644 - 34 U.S. Dairy Prices Commodity 2021 2022 2023 Proj. 2023 Est. 2024 Proj. 2024 Proj. Dec Jan Dec Jan Product Prices 1/ Dollars Per Pound Cheese 1.6755 2.1122 1.765 1.7593 1.725 1.620 Butter 1.7325 2.8665 2.620 2.6170 2.595 2.665 Nonfat Dry Milk 1.2693 1.6851 1.185 1.1856 1.175 1.190 Dry Whey 0.5744 0.6057 0.360 0.3618 0.400 0.430 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 17.08 21.96 17.05 17.02 16.85 16.10 Class IV 16.09 24.47 19.10 19.12 18.90 19.35 All Milk 3/ 18.53 25.34 20.60 20.60 20.25 20.00 All prices are January -December averages. 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation. January 2024 WASDE - 644 - 35 Reliability of January Projections 1/ Note: Tables on pages 35 -37 present a record of the January projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0.7 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 1. 1 percent. The average difference between the January projection and the final estimate is 3.1 million tons, ranging from 0 million to 8.3 million tons. The January projection has been below the estimate 32 times and above 9 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 0.7 1.1 3.1 0.0 8.3 32 9 U.S. 0.2 0.3 0.1 0.0 0.3 18 11 Foreign 0.8 1.3 3.1 0.1 8.3 31 10 Exports World 5.1 8.6 5.5 0.1 18.4 32 9 U.S. 5.0 8.4 1.3 0.1 3.9 21 20 Foreign 6.2 10.4 5.3 0.3 18.0 34 7 Domestic Use World 1.2 2.1 5.6 0.1 22.7 25 16 U.S. 4.5 7.6 1.0 0.0 3.0 12 28 Foreign 1.3 2.1 5.6 0.6 23.6 27 14 Ending Stocks World 4.9 8.3 6.5 0.2 25.2 28 13 U.S. 8.6 14.5 1.4 0.0 4.6 26 14 Foreign 5.3 9.0 5.7 0.1 25.5 28 13 COARSE GRAINS 2/ Production World 1.3 2.2 11.1 0.0 37.7 30 11 U.S. 0.4 0.7 0.4 0.0 4.6 17 11 Foreign 1.8 3.1 11.0 0.0 37.6 29 12 Exports World 6.3 10.5 6.1 0.2 31.9 30 11 U.S. 11.7 19.7 4.6 0.2 13.3 21 20 Foreign 10.7 18.0 6.2 0.4 26.8 27 14 Domestic Use World 1.1 1.9 8.3 0.0 36.2 21 20 U.S. 2.9 4.9 3.8 0.1 18.8 19 22 Foreign 1.3 2.3 8.5 0.1 36.2 27 14 Ending Stocks World 10.7 17.9 14.2 0.6 136.0 35 6 U.S. 15.2 25.6 5.6 0.0 24.3 21 19 Foreign 13.6 23.0 12.8 0.1 143.4 34 7 RICE, milled Production World 1.6 2.7 4.9 0.0 13.9 34 6 U.S. 1.6 2.6 0.1 0.0 0.3 13 7 Foreign 1.6 2.8 4.9 0.1 13.9 35 6 Exports World 9.0 15.1 1.8 0.0 6.6 30 11 U.S. 7.4 12.4 0.2 0.0 0.6 19 19 Foreign 10.0 16.8 1.8 0.0 6.3 29 12 Domestic Use World 1.3 2.3 3.5 0.0 13.9 29 12 U.S. 7.5 12.7 0.2 0.0 0.5 18 23 Foreign 1.4 2.3 3.5 0.0 13.6 30 11 Ending Stocks World 9.2 15.4 5.1 0.5 26.6 34 7 U.S. 19.9 33.6 0.2 0.0 0.6 22 16 Foreign 9.4 15.7 5.1 0.2 26.5 34 7 1/ Footnotes at end of table. CONTINUED January 2024 WASDE - 644 - 36 Reliability of January Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 3.4 5.8 5.5 0.0 22.4 22 19 U.S. 1.4 2.3 0.7 0.0 2.5 18 18 Foreign 5.7 9.7 5.6 0.2 22.6 22 19 Exports World 6.8 11.5 3.7 0.1 16.7 26 15 U.S. 7.8 13.2 1.8 0.1 6.7 25 16 Foreign 17.1 28.7 3.6 0.0 19.7 20 21 Domestic Use World 2.7 4.5 4.2 0.1 15.3 21 20 U.S. 3.2 5.5 1.2 0.0 3.6 25 16 Foreign 3.2 5.4 3.8 0.2 13.8 22 19 Ending Stocks World 14.2 23.8 4.2 0.1 18.7 22 19 U.S. 41.4 69.7 1.9 0.1 6.6 11 30 Foreign 16.1 27.2 4.0 0.1 17.2 27 14 COTTON Million 480 -Pound Bales Production World 2.6 4.3 2.0 0.0 5.4 26 14 U.S. 1.1 1.8 0.1 0.0 0.3 14 26 Foreign 3.1 5.2 2.0 0.0 5.7 28 12 Exports World 6.8 11.5 1.9 0.1 8.8 22 19 U.S. 10.8 18.2 0.8 0.0 2.7 26 15 Foreign 8.9 14.9 1.5 0.0 8.1 23 18 Domestic Use World 3.9 6.6 2.6 0.1 18.2 22 19 U.S. 8.2 13.8 0.3 0.0 0.9 20 18 Foreign 3.9 6.6 2.5 0.2 17.3 23 18 Ending Stocks World 10.2 17.1 4.3 0.1 20.0 25 16 U.S. 25.2 42.4 0.9 0.1 2.4 13 28 Foreign 10.8 18.1 4.0 0.1 18.2 27 14 1/ Marketing years 1981/82 through 2022/23 for grains, soybeans (U.S. only), and cotton. There was no WASDE published in January 2019, due to a partial government shutdown, no 2018/19 forecasts were published for that month. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2021/22, and for 2022/23 the last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. January 2024 WASDE - 644 - 37 Reliability of United States January Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 0.4 0.7 14 0 148 4 6 Exports 12.3 20.7 167 3 513 20 21 Domestic Use 2.9 4.8 138 6 574 20 21 Ending Stocks 16.9 28.5 221 1 986 22 19 SORGHUM Production 1.0 1.7 2 0 53 1 3 Exports 16.8 28.3 28 0 97 26 13 Domestic Use 18.4 31.0 34 1 148 19 22 Ending Stocks 44.5 75.0 23 1 98 14 27 BARLEY Production 1.0 1.6 1 0 11 20 4 Exports 34.3 57.8 7 0 37 14 24 Domestic Use 7.5 12.7 15 0 70 17 21 Ending Stocks 13.7 23.0 11 1 52 24 17 OATS Production 0.4 0.7 0 0 2 5 4 Exports 63.2 106.4 1 0 7 10 10 Domestic Use 5.1 8.6 11 0 39 17 23 Ending Stocks 17.1 28.8 11 1 47 25 16 SOYBEAN MEAL Thousand Short Tons Production 3.2 5.4 928 15 3,117 26 15 Exports 10.0 16.8 674 1 2,626 29 12 Domestic Use 2.8 4.8 674 34 2,066 21 20 Ending Stocks 33.7 56.7 65 0 253 16 23 SOYBEAN OIL Million Pounds Production 3.1 5.2 423 7 1,418 28 13 Exports 30.7 51.7 339 0 1,325 23 16 Domestic Use 3.4 5.8 440 25 1,628 26 15 Ending Stocks 20.2 34.0 294 25 1,206 27 14 ANIMAL PROD. Million Pounds Beef 3.4 5.8 716 9 2,111 27 13 Pork 3.0 5.1 412 5 1,717 19 21 Broilers 1.7 2.8 389 24 1,011 24 16 Turkeys 3.1 5.3 131 2 427 18 22 Million Dozen Eggs 2.1 3.5 118 4 525 23 17 Billion Pounds Milk 1.5 2.5 1.8 0.0 5.7 20 19 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2022/23 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate followin g the marketing year for 1981/82 through 2022/23. Calendar years 1982 through 2022 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2022. There was no WASDE published in January 2019, due to a partial government shutdown, so no 2018/19 forecasts were published in that month for grains, soybeans, and cotton, and no 2018 forecasts were published in that month for animal products. WASDE- 644-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. IPAD is located at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 Only five weeks until AOF 2024! Registe r Today For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ Click to receive WASDE -related notifications b y email Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at [email protected] World Agricultural Supply and Demand Estimates WASDE -644 – January 12, 2024 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 591 Approved by the World Agricultura l Outlook Board August 12, 2019 WHEAT: The outlook for 2019/20 U.S. wheat this month is for greater supplies, increased use and higher ending stocks. U.S. wheat production is raised 59 million bushels to 1,980 million on increased winter wheat and other spring wheat production as indicated by the NASS August Crop Production report. Estimated food use for the 2018/19 market year is lowered 5 million bushels to 955 million based on the latest NASS Flour Millin g Products report. Food use for the 2019/20 market year is also lowered 5 million bushels to 960 million. Feed and residual use is raised 20 million bushels to 170 million on greater wheat supplies and more competitive prices. Projected 2019/20 U.S. wheat exports are raised 25 million bushels to 975 million on lower exportable supplies from key competitors, notably the EU, Kazakhstan, and Russia. Ending stocks for 2019/20 are raised 14 million bushels to 1,014 million, down 5 percent from the previous year. The season- average farm price is lowered $0.20 per bushel to $5.00 on updated NASS prices, lower U.S. corn prices, and reduced wheat price expectations for the remainder of the market year. Foreign 2019/20 wheat supplies are reduced 4.5 million tons, primarily on lower production in several major competing exporters. The production declines are led by a 2.0- million -ton reduction for Turkey on both an updated harvested area estimate as well as a lower yield. EU, Kazakhstan, and Russia are lowered 1.3 million tons, 1.0 million tons, and 1.2 million tons, respectively. These reductions are based on harvest results confirming yield losses due to hot and dry June conditions in winter wheat regions and expanding dryness in the spring wheat areas of Russia and Kazakhstan. Moldova production is also down 0.2 million tons. Partly offsetting is a 0.5- million -ton production increase for Argentina and a 0.2- million -ton increase for Ukraine. Projected 2019/20 global exports are down 0.5 million tons led by a 1.0- million -ton reduction for Kazakhstan and 0.5- million -ton reductions each for the EU and Russia, all on the smaller crops. Partly offsetting is a 0.7 -million -ton increase for the United States and 0.5 -million -ton increases for both Argentina and Ukraine. Projected 2019/20 world consumption is 2.0 million tons lower on both reduced feed and residual use and food and industrial consumption. With supplies falling more than use, global ending stocks are revised 1.1 million tons lower to 285.4 million tons, but remain record large. COARSE GRAINS: This month’s 2019/20 U.S. corn outlook is for larger supplies, reduced exports and corn used for ethanol, and greater ending stocks. Corn production is forecast at 13.9 billion bushels, up 26 million from the July projection as a decline in harvested acres is virtually offset by an increase in yield. The season’s first survey -based corn yield forecast, at 169.5 bushels per acre, is 3.5 bushels higher than last month’s projection. Today’s Crop Production report indicates that Illinois, Indiana, Iowa, Minnesota, Nebraska, Ohio, and South Dakota are forecast to have yields below a year ago. Of the major producing states, only Missouri is forecast to have yields above a year ago. Corn used for ethanol is reduced 25 WASDE -591-2 million bushels to 5.5 billion. Exports are lowered reflecting U.S. export competitiveness and expectations of increasing competition from Argentina, Brazil, and Ukraine. With supply rising and use falling, ending stocks are up 171 million bushels to 2.2 billion. The season- average corn price received by producers is lowered 10 cents to $3.60 per bushel. This month’s 2019/20 foreign coarse grain outlook is for larger production, increased trade, and greater stocks relative to last month. Ukraine corn production is projected record high, reflecting increases to both area and yield. Cool temperatures and timely rain during reproduction are expected to boost yield prospects. EU corn production is raised, as increases for Romania, Hungary, and Bulgaria more than offset declines for Poland, France, and Germany. Barley production is raised for Argentina and Russia, but lowered for Turkey, the EU, and Kazakhstan. Major global coarse grain trade changes for 2019/20 include corn export increases for Ukrai ne and Serbia, with a partially -offsetting reduction for Russia. For 2018/19, exports for Argentina and Brazil are raised for the local marketing year beginning March 2019, based on larger -than- expected shipments during the month of July. Corn imports for 2019/20 are raised largely reflecting increases for the EU and Indonesia. For China, corn feed and residual use is lowered based on lower forecast protein meal consumption. Foreign corn ending stocks are higher relative to last month, mostly reflecting increases for China, EU, Ukraine, and Turkey partially offset by reductions for Argentina and Indonesia. RICE : The outlook for 2019/20 U.S. rice this month is for lower supplies, reduced domestic use, and lower ending stocks. Supplies are reduced on a combination of lower beginning stocks and smaller production. The first survey -based forecast for the 2019/20 crop year lowered all rice U.S. production by 3.3 million cwt to 205.4 million with all of the reduction on a lower yield forecast. Long -grain production is reduced 3.0 million cwt, while combined medium - and short -grain is lowered 0.3 million. The all rice yield forecast is lowered 121 pounds per acre from the previous forecast to 7,577 pounds. Rice yields in all states are unchanged or below last year with the exception of California. All rice domestic and residual use is reduced 1.0 million cwt to 137.0 million on the lower production while exports are unchanged at 101.0 million. Projected 2019/20 all rice ending stocks are lowered 3 .3 million cwt to 47.2 million, down 7 percent from last year’s revised 50.6 million. The projected 2019/20 all rice season- average farm price is raised by $0.40 per cwt to $12.20 with increases for both long- grain and combined medium - and short -grain pri ces. Global 2019/20 rice supplies are raised by 0.4 million tons to 669.2 million on a combination of higher beginning stocks and increased production. Global production is higher as increases for Iraq and Vietnam more than offset reductions for Thailand, the United States, and the EU. Worsening drought conditions in Thailand are expected to reduce rice production by 0.4 million tons to 20.5 million. World 2019/20 consumption is lowered to 494.5 million tons, mainly on reduced expected use in China for rice feeding and less availability of rice from domestic auctions of stocks. Global 2019/20 trade is lowered 0.3 million tons to 46.6 million, largely on reduced exports by Thailand as its exports are expected to be less competitive compared to other Asian suppliers. Projected world ending stocks are up 2.0 million tons to a record 174.7 million with China accounting for virtually all of the increase. China now comprises 68 percent of 2019/20 global rice stocks. WASDE -591-3 OILSEEDS : U.S. oilseed production for 2019/20 is projected at 111.5 million tons, down 4.5 million from last month mainly due to a lower soybean production forecast. Soybean production is forecast at 3.68 billion bushels, down 165 million on lower harvested area. Harvested area is forecast at 75.9 million acres, down 3.4 million from the NASS June Acreage Report led by reductions for Ohio and South Dakota. These States account for almost half of the national reduction. The first survey -based soybean yield forecast of 48.5 bushels per acre is unchanged from last month but 3.1 bushels below last year’s level. With lower production partly offset by higher beginning stocks, soybean supplies for 2019/20 are projected at 4.77 billion bushels, down 3 percent from last month. U.S. soybean exports are reduced 100 million bushels to 1.78 b illion reflecting reduced global import demand, mainly f or China. Soybean ending stocks are projected at 755 million bushels, down 40 million. The U.S. season- average soybean price for 2019/20 is forecast at $8.40 per bushel, unchanged from last month. The soybean meal and oil price forecasts are also unchanged at $300 per short ton and 29.5 cents per pound, respectively. Changes for 2018/19 include reduced soybean crush, reflecting lower domestic use and expor ts of soybean meal. Soybean ending stocks are projected at 1.07 billion bushels, up 20 million. This month’s 2019/20 global oilseed supply and demand forecasts include lower production, trade, and stocks compared to last month. Lower soybean, rapeseed, and peanut production are partly offset by higher sunflowerseed output. Rapeseed production is lowered for the EU mainly on a lower area and yield for France. India’s soybean and peanut harvested area is reduced due to slow planting progress to date. Uk raine’s sunflowerseed production is forecast higher, as timely rainfall in late July and early August boosted yield prospects. Global 2019/20 oilseed exports are reduced 3.0 million tons mainly on a 2- million -ton reduction to soybean trade. China’s soybean imports are lowered 2 million tons to 85 million reflecting lower soybean meal crush in 2019/20. With crush also lowered in 2018/19, China’s protein meal consumption growth is forecasted flat in 2019/20. Global 2019/20 soybean ending stocks are lower relative to last month due to lower stocks in the United States and China. SUGAR : Beet sugar production for the August -July 2019/20 crop year is projected at 5.106 million short tons, raw value (STRV) on sugarbeet area and yield forecasts made by NASS in Crop Production and recent year averages for sucrose extraction and pile shrink . Most of the increase over last month is projected to occur in the early August -September harvest year period, resulting in an increase of 88,653 STRV to 5.008 million for the 2018/19 fiscal year. Beet sugar production for 2019/20 is increased to 5.179 million STRV. Florida cane sugar production for 2019/20 is increased by 44,603 STRV based on a strong NASS forecast of sugarcane yields that pushes the projected sugarcane crop up 2.4 percent over the prior year. Imports for 2019/20 are increased by 24,302 STRV primarily on the USDA decision to extend the period of entry of the 2018/19 raw sugar TRQ to October 15. Deliveries for human consumption for 2018/19 are increased by 75,000 STRV to 12.200 million based on strength in direct consumption imports. Through June, however, deliveries by domestic processors have remained relatively flat for the past two years. Human consumption deliveries for 2019/20 are increased in line but only by 50,000 STRV in a changing sugar and sweeteners ’ WASDE -591-4 deliveries environment as evidenced by flat to declining total and per -capita caloric sweeteners and refined sugar for calendar years 2016- 18. (See Tables 49 and 50 at the ERS Sugar and Sweeteners Yearbook.) Ending stocks for 2019/20 are projected at 1.699 million STRV for a stocks -to-use ratio of 13.74 percent. There are no significant changes from last month to sugar supply and use in Mexico for 2018/19 or for 2019/20. LIVESTOCK, POULTRY, AND DAIRY : The forecast for total meat production in 2019 is raised from last month as increases in broiler and turkey production more than offset declines in beef and pork production. Broiler production is raised on June production data and the expectation of a continued higher proportion of heav ier weight birds in the slaughter mix. Forecast turkey production is also raised on recent production data and higher expected slaughter in the fourth quarter. The decline in beef production largely reflects a slower pace of cattle slaughter in the third quarter and lighter expected carcass weights through 2019. The pork production forecast is reduced on a slower expected pace of slaughter during the third quarter. For 2020, the red meat and poultry production forecast is raised on higher expected beef and poultry production forecasts. The beef production forecast is raised from the previous month on a higher expected pace of first -half marketings. However, the 2019 calf -crop estimated in the July 19 th Cattle report implies lower -than-previously expected marketings in the latter part of 2020. Continued growth in average bird weights is expected to result in higher forecast broiler production in 2020. Turkey production is raised slightly. Forecast pork production is unchanged from the previous month. For 2019, the beef import forecast is adjusted to reflect June trade data; the import forecast for 2020 is unchanged. Beef export forecasts are unchanged for both 2019 and 2020. The pork import forecasts for 2019 and 2020 are lowered on slowing import demand. The pork export forecast for 2019 is adjusted based on June trade data. No change is made to the 2020 pork export forecast. The 2019 broiler export forecast is reduced on recent trade data, but the 2020 forecast is unchanged. No changes are made to 2019 and 2020 turkey trade forecasts. Fed cattle prices are raised for 2019 on current price strength. The 2020 price forecast is also raised. The 2019 hog price forecast is lowered on recent price pressure, but the 2020 price forecast is unchanged from last month. The broiler price forecast for 2019 and 2020 are lowered on larger forecast supplies. The turkey price forecast for 2019 is raised; no change is made to the 2020 turkey price forecast. The mi lk production forecasts for 2019 and 2020 are reduced from last month on expectations of a smaller dairy herd and slower growth in milk per cow. For 2019, the fat basis import forecast is raised from last month on strong demand for imported butter, while the fat basis export forecast is reduced slightly. The skim -solid basis import forecast for 2019 is raised on higher imports of milk protein concentrates and other dairy products. The 2019 skim- solids basis export forecast is reduced primarily on weaker -than- expected sales of nonfat dry milk (NDM). For 2020, the fat basis import forecast is raised on continued strong import demand for butter, while the fat basis export forecast is reduced on slowing sales of butterfat. The skim -solids basis import forecast for 2020 is raised, but the export forecast is lowered on expected continued weak demand for NDM and increased global competition. WASDE -591-5 For 2019, cheese, butter, and whey price forecasts are raised. The NDM price forecast is reduced on current price weakness and slowing demand. For 2020, price forecasts for cheese, butter, and NDM are lowered from the previous month, but the whey price forecast is unchanged. The 2019 Class III price forecast is raised on higher forecast cheese and whey prices. The 2019 Class IV price forecasts is reduced from the previous month as the lower forecast NDM price more than offsets the higher butter price. For 2020, the Class III and Class IV product price forecasts are lower on weaker dairy product prices. The 2019 all m ilk price is forecast higher at $18.30 per cwt, but the all milk price forecast for 2020 is forecast lower than the previous month at $18.80 per cwt. COTTON : This month’ s 2019/20 U.S. cotton outlook includes higher beginning stocks, production, exports, and ending stocks. Production for the 2019 crop is raised 2 percent to 22.5 million bales, on NASS ’s first survey- based production forecast. The survey indicates slightly higher area and yield compared with last month ’s expectations, resulting in the largest crop in 14 years. Beginning stocks are raised 250,000 bales due to lower -than- expected 2018/19 exports. Exports for 2019/20 are raised 200,000 bales this month, and ending stocks are raised 500,000 bales to 7.2 million. The 2019/20 season -average price for upland cotton is forecast at 60 cents per pound, down 3 cents from last month. Lower projected world cotton consumption largely accounts for a 2.0- million -bale increase in 2019/20 global ending stocks from the July forecast. Beginning stocks are higher, largely due to a 500,000- bale decline in 2018/19 consumption. Production in 2019/20 is forecast 200,000 bales lower this month, but higher beginning stocks and a 1.2- million -bale decline in projected consumption are more than offsetting. Consumption is lower in China, India, and Uzbekistan. Approved by the Secretary of Agriculture and t he Acting Chairman of the World Agricultural Outlook Board, Mark Jekanowski , (202) 720- 6030. This report was prepared by the Interagency Commodity Estimates C ommittees. APPROVED BY : STEPHEN CENSKY SECRETARY OF AGRICULTURE DESIGNATE WASDE -591-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers, ICEC Chair, WAOB, william. chambers [email protected] Jennifer Bond, ERS; Andrew Sowell, FAS; Pete Ri ley, FPAC. Rice: William Chambers, ICEC Chair, WAOB, william. chambers [email protected] Nathan Childs, ERS; Rachel Trego, FAS; Vidalina Abadam , FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, michael. jewison [email protected] Tom Capehart, ERS; Yoonhee Macke, FAS; Erik Dohlman, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, keith. [email protected] Mark Ash, ERS; Bill George, FAS; Sherrie Grimm , FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, stephen.macdonald3 @usda.gov Leslie Meyer, ERS; James Johnson, FAS; Erik Dohlman, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Michael McConnell, ERS; Ron Lord, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Lindsay Kuberka, FAS; Ryan Pfirrmann- Powell, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Kim Ha, ERS; Claire Mezoughem, FAS; Milton Madison, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, shayle.shagam@ usda. gov Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Milton Madison, FPAC. In 2019, the WASDE report will be released on Sep 12, Oct 10, Nov 8, and Dec 10 WASDE -591-7 T A B L E OF C O N T E N T S Page Highlights ................................................................................................................. 1 Interagency Commodity Estimates Committees ...................................................... 6 World & U.S. Supply & Use for Grains .................................................................... 8 World & U.S. Supply & Use for Cotton .................................................................... 9 World & U.S. Supply & Use for Oilseeds ............................................................... 10 U.S. Wheat Supply & Use ...................................................................................... 11 U.S. Wheat Supply & Use by Class ....................................................................... 11 U.S. Feed Grain & Corn Supply & Use .................................................................. 12 U.S. Sorghum, Barley & Oats Supply & Use ......................................................... 13 U.S. Rice Supply & Use ......................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................. 15 U.S. Sugar Supply & Use ...................................................................................... 16 Mexico Sugar Supply and Use .............................................................................. 16 U.S. Cotton Supply & Use ..................................................................................... 17 World Wheat Supply & Use ................................................................................... 18 World Coarse Grains Supply & Use ...................................................................... 20 World Corn Supply & Use ...................................................................................... 22 World Rice Supply & Use ...................................................................................... 24 World Cotton Supply & Use ................................................................................... 26 World Soybean Supply & Use ............................................................................... 28 World Soybean Meal Supply & Use ....................................................................... 29 World Soybean Oil Supply & Use .......................................................................... 30 U.S. Quarterly Animal Product Production ............................................................ 31 U.S. Quarterly Prices for Animal Products ............................................................. 31 U.S. Meats Supply and Use ................................................................................... 32 U.S. Egg Supply & Use .......................................................................................... 33 U.S. Milk Supply and Use ...................................................................................... 33 U.S. Dairy Prices ................................................................................................... 34 Reliability Tables ................................................................................................... 35 Related USDA Reports .......................................................................................... 38 Metric Conversion Factors ..................................................................................... 38 Electronic Access and Subscriptions ...................................................................... 40 August 2019 WASDE - 591 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2017/18 2616.60 3413.89 415.07 2601.51 812.39 2018/19 (Est.) 2625.43 3437.81 427.50 2636.02 801.79 filler filler filler filler filler 2019/20 (Proj.) Jul 2664.79 3465.70 436.11 2678.54 787.16 2019/20 (Proj.) Aug 2664.78 3466.57 434.01 2670.19 796.39 filler filler filler filler filler Wheat 2017/18 761.87 1023.94 182.04 742.77 281.18 2018/19 (Est.) 730.55 1011.72 174.16 736.23 275.49 filler filler filler filler filler 2019/20 (Proj.) Jul 771.46 1046.61 183.11 760.15 286.46 2019/20 (Proj.) Aug 768.07 1043.56 182.63 758.16 285.40 filler filler filler filler filler Coarse Grains 5/ 2017/18 1359.87 1745.48 185.91 1376.51 368.97 2018/19 (Est.) 1396.26 1765.22 207.80 1410.22 355.00 filler filler filler filler filler 2019/20 (Proj.) Jul 1395.51 1750.36 206.09 1422.32 328.05 2019/20 (Proj.) Aug 1398.85 1753.85 204.74 1417.53 336.33 filler filler filler filler filler Rice, milled 2017/18 494.86 644.48 47.13 482.23 162.25 2018/19 (Est.) 498.62 660.87 45.55 489.57 171.30 filler filler filler filler filler 2019/20 (Proj.) Jul 497.82 668.73 46.91 496.08 172.65 2019/20 (Proj.) Aug 497.86 669.16 46.64 494.50 174.66 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2017/18 437.43 541.29 94.57 357.95 88.76 2018/19 (Est.) 438.33 534.37 84.07 355.61 94.69 filler filler filler filler filler 2019/20 (Proj.) Jul 424.04 526.68 86.31 356.80 83.57 2019/20 (Proj.) Aug 427.35 530.33 84.45 357.43 88.44 filler filler filler filler filler Wheat 2017/18 47.38 83.81 24.66 29.25 29.91 2018/19 (Est.) 51.29 84.87 25.48 30.22 29.18 filler filler filler filler filler 2019/20 (Proj.) Jul 52.28 85.27 25.86 32.20 27.22 2019/20 (Proj.) Aug 53.89 86.74 26.54 32.60 27.60 filler filler filler filler filler Coarse Grains 5/ 2017/18 384.39 449.48 67.16 324.41 57.92 2018/19 (Est.) 379.92 440.53 55.64 320.98 63.91 filler filler filler filler filler 2019/20 (Proj.) Jul 365.13 432.22 57.25 320.23 54.75 2019/20 (Proj.) Aug 366.93 434.53 54.71 320.48 59.34 filler filler filler filler filler Rice, milled 2017/18 5.66 8.00 2.76 4.30 0.93 2018/19 (Est.) 7.12 8.97 2.95 4.41 1.61 filler filler filler filler filler 2019/20 (Proj.) Jul 6.63 9.19 3.21 4.38 1.60 2019/20 (Proj. ) Aug 6.52 9.06 3.21 4.35 1.50 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). August 2019 WASDE - 591 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2017/18 2,179.17 2,872.61 320.50 2,243.55 723.63 2018/19 (Est.) 2,187.10 2,903.44 343.44 2,280.41 707.10 filler filler filler filler filler 2019/20 (Proj.) Jul 2,240.74 2,939.01 349.79 2,321.73 703.59 2019/20 (Proj.) Aug 2,237.44 2,936.25 349.56 2,312.75 707.95 filler filler filler filler filler Wheat 2017/18 714.49 940.13 157.38 713.52 251.27 2018/19 (Est.) 679.26 926.85 148.68 706.02 246.31 filler filler filler filler filler 2019/20 (Proj.) Jul 719.18 961.34 157.25 727.95 259.25 2019/20 (Proj.) Aug 714.18 956.82 156.10 725.56 257.80 filler filler filler filler filler Coarse Grains 5/ 2017/18 975.48 1,296.00 118.75 1,052.10 311.05 2018/19 (Est.) 1,016.34 1,324.70 152.16 1,089.24 291.09 filler filler filler filler filler 2019/20 (Proj.) Jul 1,030.37 1,318.14 148.84 1,102. 09 273.30 2019/20 (Proj.) Aug 1,031.92 1,319.32 150.03 1,097.05 276.99 filler filler filler filler filler Rice, milled 2017/18 489.20 636.48 44.36 477.93 161.31 2018/19 (Est.) 491.50 651.90 42.60 485.16 169.69 filler filler filler filler filler 2019/20 (Proj.) Jul 491.19 659.53 43.71 491.69 171.05 2019/20 (Proj.) Aug 491.34 660.10 43.43 490.15 173.16 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2017/18 123.78 204.09 40.95 122.68 81.03 2018/19 (Est.) 119.19 200.22 40.83 120.61 80.27 filler filler filler filler filler 2019/ 20 (Proj.) Jul 125.79 205.06 44.15 124.27 80.42 2019/20 (Proj.) Aug 125.61 205.88 43.85 123.07 82.45 filler filler filler filler filler United States 2017/18 20.92 23.68 15.85 3.23 4.30 2018/19 (Est.) 18.37 22.67 14.22 3.00 5.25 filler filler filler filler filler 2019/20 (Proj.) Jul 22.00 27.01 17.00 3.10 6.70 2019/20 (Proj.) Aug 22.52 27.77 17.20 3.10 7.20 filler filler filler filler filler Foreign 4/ 2017/18 102.86 180.42 25.11 119.45 76.73 2018/19 (Est.) 100.83 177.55 26.61 117.61 75.02 filler filler filler filler filler 2019/20 (Proj.) Jul 103.79 178.06 27.15 121.17 73.72 2019/20 (Proj.) Aug 103.09 178.11 26.65 119.97 75.25 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Bas ed on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. August 2019 WASDE - 591 - 10 World and U.S. Supply an d Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2017/18 580.67 690.50 176.32 484.67 116.05 2018/19 (Est.) 602.27 718.32 169.99 491.20 133.85 filler filler filler filler filler 2019/20 (Proj.) Jul 586.04 716.64 174.96 502.36 119.54 2019/20 (Proj.) Aug 580.86 714.72 171.99 501.47 119.17 filler filler filler filler filler Oilmeals 2017/18 331.57 348.31 88.09 328.81 16.37 2018/19 (Est.) 334.56 350.92 92.51 332.05 15.10 filler filler filler filler filler 2019/20 (Proj.) Jul 342.72 357.94 94.13 340.32 14.90 2019/20 (Proj.) Aug 341.94 357.04 94.76 338.69 14.76 filler filler filler filler filler Vegetable Oils 2017/18 198.76 219.22 79.65 192.33 22.14 2018/19 (Est.) 203.62 225.75 85.04 199.38 21.78 filler filler filler filler filler 2019/20 (Proj.) Jul 208.25 229.91 87.50 204.43 20.84 2019/20 (Proj.) Aug 208.25 230.03 87.94 204.69 20.70 filler filler filler filler filler United States Output Tota l Supply Tra de Tota l Use 2/ Ending Stocks Oilseeds 2017/18 131.48 142.50 59.31 60.17 13.83 2018/19 (Est.) 133.85 148.86 47.43 60.35 30.92 filler filler filler filler filler 2019/20 (Proj.) Jul 115.95 147.63 52.26 62.25 23.21 2019/20 (Proj.) Aug 111.50 143.82 49.53 62.25 22.23 filler filler filler filler filler Oilmeals 2017/18 47.03 51.17 13.00 37.61 0.56 2018/19 (Est.) 46.26 50.76 12.58 37.72 0.46 filler filler filler filler filler 2019/20 ( Proj.) Jul 47.66 51.96 12.64 38.90 0.42 2019/20 (Proj.) Aug 47.66 51.96 12.74 38.81 0.42 filler filler filler filler filler Vegetable Oils 2017/18 12.11 18.12 1.34 15.54 1.24 2018/19 (Est.) 12.15 17.94 1.15 15.63 1.16 filler filler filler filler filler 2019/20 (Proj.) Jul 12.56 18.57 1.02 16.46 1.09 2019/20 (Proj.) Aug 12.56 18.56 1.02 16.48 1.06 filler filler filler filler filler Foreign 3/ Output Tota l Supply Tra de Tota l Use 2/ Ending Stocks Oilseeds 2017/18 449.18 548.00 117.00 424.50 102.22 2018/19 (Est.) 468.42 569.46 122.56 430.85 102.93 filler filler filler filler filler 2019/20 (Proj.) Jul 470.09 569.01 122.70 440.11 96.33 2019/20 (Proj.) Aug 469.37 570.90 122.45 439.22 96.94 filler filler filler filler filler Oilmeals 2017/18 284.54 297.14 75.09 291.21 15.80 2018/19 (Est.) 288.30 300.16 79.93 294.32 14.64 filler filler filler filler filler 2019/20 (Proj.) Jul 295.05 305.97 81.48 301.42 14.48 2019/20 (Proj.) Aug 294.28 305.0 8 82.02 299.88 14.34 filler filler filler filler filler Vegetable Oils 2017/18 186.65 201.10 78.31 176.79 20.90 2018/19 (Est.) 191.47 207.81 83.89 183.76 20.62 filler filler filler filler filler 2019/20 (Proj.) Jul 195.69 211.34 86.48 187.97 19.76 2019/20 (Proj.) Aug 195.69 211.47 86.92 188.22 19.64 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to Wor ld minus United States. August 2019 WASDE - 591 - 11 U.S. Wheat Supply and Use 1/ 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Jul Aug Million Acres Area Planted 46.1 47.8 45.6 45.6 Area Harvested 37.6 39.6 38.4 38.4 Bushels Yield per Harvested Acre 46.4 47.6 50.0 51.6 Million Bushels Beginning Stocks 1,181 1,099 1,072 1,072 Production 1,741 1,884 1,921 1,980 Imports 158 135 140 135 Supply, Total 3,080 3,118 3,133 3,187 Food 964 955 965 960 Seed 63 60 68 68 Feed and Residual 47 96 150 170 Domestic, Total 1,075 1,110 1,183 1,198 Exports 906 936 950 975 Use, Total 1,981 2,046 2,133 2,173 Ending Stocks 1,099 1,072 1,000 1,014 Avg. Farm Price ($/bu) 2/ 4.72 5.16 5.20 5.00 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2018/19 (Est.) Beginning Stocks 581 191 205 87 35 1,099 Production 662 587 286 272 77 1,884 Supply, Total 3/ 1,248 846 495 365 164 3,118 Domestic Use 411 322 209 81 87 1,110 Exports 331 259 128 196 22 936 Use, Total 742 581 337 277 109 2,046 Ending Stocks, Total 506 265 158 88 55 1,072 2019/20 (Proj.) Beginning Stocks 506 265 158 88 55 1,072 Production 840 566 257 260 57 1,980 Supply, Total 3/ 1,351 896 420 353 168 3,187 Domestic Use 494 314 207 96 88 1,198 Exports 405 260 95 190 25 975 Use, Total 899 574 302 286 113 2,173 Ending Stocks, Total Aug 452 322 118 67 54 1,014 Ending Stocks, Total Jul 426 323 125 66 60 1,000 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes i mports. August 2019 WASDE - 591 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Jul Aug Million Acres Area Planted 100.9 100.1 102.2 * 100.7 Area Harvested 90.5 89.6 91.4 * 90.0 Metric Tons Yield per Harvested Acre 4.24 4.24 3.99 4.07 Million Metric Tons Beginning Stocks 62.1 57.9 63.4 63.9 Production 384.1 379.7 364.9 366.7 Imports 2.7 2.4 3.4 3.4 Supply, Total 449.0 440.0 431.7 434.0 Feed and Residual 138.6 139.3 136.7 137.6 Food, Seed & Industrial 185.3 181.2 183.0 182.4 Domestic, Total 323.9 320.5 319.7 320.0 Exports 67.2 55.6 57.2 54.7 Use, Total 391.1 376.1 376.9 374.7 Ending Stocks 57.9 63.9 54.7 59.3 CORN 2017/18 2018/19 Est. 2019/20 Pro j. 2019/20 Pro j. J uly August Million Acres Area Planted 90.2 89.1 91.7 * 90.0 Area Harvested 82.7 81.7 83.6 * 82.0 Bushels Yield per Harvested Acre 176.6 176.4 166.0 * 169.5 Million Bushels Beginning Stocks 2,293 2,140 2,340 2,360 Production 14,609 14,420 13,875 13,901 Imports 36 30 50 50 Supply, Total 16,939 16,590 16,265 16,311 Feed and Residual 5,304 5,275 5,175 5,175 Food, Seed & Industrial 2/ 7,057 6,855 6,930 6,905 Ethanol & b y-products 3/ 5,605 5,425 5,500 5,475 Domestic, Total 12,361 12,130 12,105 12,080 Exports 2,438 2,100 2,150 2,050 Use, Total 14,798 14,230 14,255 14,130 Ending Stocks 2,140 2,360 2,010 2,181 Avg. Farm Price ($/bu) 4/ 3.36 3.60 3.70 3.60 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Dat abase at www.ers.usda.gov/data -products/feed -grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by -products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. * For July, corn area planted and harvested as reported in the June 28, 2019, "Acreage." Projected yield is based on a weather -adjusted trend assuming normal summer growing season weather, lowered to reflect the impact of delayed planting progress observed during the month of May and into early June. August 2019 WASDE - 591 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Jul Aug Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 5.6 5.7 5.1 * 5.3 Area Harvested (mil. acres) 5.0 5.1 4.6 * 4.8 Yield (bushels/acre) 71.7 72.1 67.4 * 73.9 Beginning Stocks 33 35 60 60 Production 362 365 309 354 Imports 2 0 0 0 Supply, Total 397 400 369 414 Feed and Residual 102 155 125 160 Food, Seed & Industrial 60 100 100 100 Total Domestic 162 255 225 260 Exports 200 85 100 100 Use, Total 362 340 325 360 Ending Stocks 35 60 44 54 Avg. Farm Pr ice ($/bu) 2/ 3.22 3.20 3.40 3.30 Filler Filler Filler Filler Filler BARLEY 2017/18 2018/19 Est. 2019/20 Pro j. 2019/20 Pro j. J uly August Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.5 2.5 2.9 * 2.9 Area Harvested (mil. acres) 2.0 2.0 2.3 * 2.3 Yield (bushels/acre) 73.0 77.4 73.3 * 73.9 Beginning Stocks 106 94 87 87 Production 143 153 171 172 Imports 9 6 10 10 Supply, Total 259 253 267 269 Feed and Residual 2 7 20 20 Food, Seed & Industrial 157 155 153 153 Total Domestic 159 162 173 173 Exports 5 5 3 3 Use, Total 164 167 176 176 Ending Stocks 94 87 91 93 Avg. Farm Price ($/bu) 2/ 4.47 4.63 4.55 4.60 Filler Filler Filler Filler Filler OATS 2017/18 2018/19 Est. 2019/20 Pro j. 2019/20 Pro j. J uly Augus t Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.6 2.7 2.5 * 2.5 Area Harvested (mil. acres) 0.8 0.9 0.9 * 0.9 Yield (bushels/acre) 61.7 64.9 67.8 * 66.4 Beginning Stocks 50 41 37 37 Production 50 56 62 60 Imports 89 87 110 110 Supply, Total 189 184 209 207 Feed and Residual 68 68 90 90 Food, Seed & Industrial 77 77 78 78 Total Domestic 146 145 168 168 Exports 2 2 2 2 Use, Total 148 147 170 170 Ending Stocks 41 37 39 37 Avg. Farm Price ($/bu) 2/ 2.59 2.68 2.90 2.90 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. * For July sorghum planted and harvested acres reported in the June 28, 2019, "Acreage." The yield is the median yield for 1989-2018. Barley and oats area planted, area harvested, yield, and production as reported in the July 11, 2019, "Crop Production." August 2019 WASDE - 591 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Jul Aug Million Acres Area Planted 2.46 2.95 2.76 * 2.76 Area Ha rvested 2.37 2.92 2.71 * 2.71 Filler Pounds Yield per Harvested Acre 7,507 7,692 7,698 * 7,577 Million Hundredweight Beginning Stocks 2/ 46.0 29.4 51.6 50.6 Production 178.2 224.2 208.7 205.4 Imports 27.5 29.0 29.2 29.2 Supply, To tal 251.8 282.6 289.5 285.2 Domestic & Residual 3/ 135.4 139.0 138.0 137.0 Exports, Total 4/ 87.1 93.0 101.0 101.0 Rough 28.8 33.5 38.0 38.0 Milled (rough equiv.) 58.2 59.5 63.0 63.0 Use, Total 222.4 232.0 239.0 238.0 Ending Stocks 29.4 50.6 50.5 47.2 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 12.90 12.10 11.80 12.20 Tota l LONG -GRAIN RICE 2017/18 2018/19 Est. 2019/20 Pro j. 2019/20 Pro j. J uly August Harvested Acres ( mil.) 1.75 2.18 Yield (pounds/acre) 7,314 7,517 Beginning Stocks 31.0 20.3 33.6 33.6 Production 127.9 164.0 152.1 149.1 Supply, Total 7/ 182.2 207.6 209.2 206.2 Domestic & Residual 3/ 98.6 108.0 106.0 105.0 Exports 8/ 63.2 66.0 72.0 72.0 Use, Total 161.9 174.0 178.0 177.0 Ending Stocks 20.3 33.6 31.2 29.2 Avg. Farm Price ($/cwt) 6/ 11.50 10.80 10.50 11.00 Filler Filler Filler Filler Filler MEDIUM & SHORT -GRAIN RICE 2017/18 2018/19 Est. 2019/20 Pro j. 2019/20 Pr o j. J uly August Harvested Acres (mil.) 0.63 0.73 Yield (pounds/acre) 8,048 8,209 Beginning Stocks 11.5 7.6 16.6 15.6 Production 50.4 60.3 56.6 56.3 Supply, Total 7/ 68.2 73.6 78.9 77.6 Domestic & Residual 3/ 36.7 31.0 32.0 32.0 Exports 8/ 23.8 27.0 29.0 29.0 Use, Total 60.6 58.0 61.0 61.0 Ending Stocks 7.6 15.6 17.9 16.6 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 17.00 16.30 15.80 15.90 California 10/ 20.10 18.00 18.00 18.00 Other States 1/ 11.70 12.20 11.00 11.50 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2015/16- 2.9; 2016/17- 3.5; 2017/18- 3.5. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and endin g stocks. 4/ I ncludes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the tot al quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marke ting-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short -grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The p ool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NAS S monthly prices and the final price may differ. For example, the average difference between the preliminary California SAFP forecast and the final price has averaged $0.98 per cwt from 2014/15 -2017/18, with a high of $3.50 per cwt in 2017/18 and a low of - $0.20 per cwt in 2015/16. 10/ Marketing year beginning October 1. * For July -- Planted and harvested area reported i n June 28, 2019 "Acreage" report. Projected yield is based on by -class trend analysis and prospective planting. August 2019 WASDE - 591 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Jul Aug Filler Filler Filler Filler Filler Million Acres Area Planted 90.2 89.2 80.0 * 76.7 Area Harvested 89.5 88.1 79.3 * 75.9 Filler Bushels Yield per Harvested Acre 49.3 51.6 48.5 * 48.5 Million Bushels Beginning Stocks 302 438 1,050 1,070 Production 4,412 4,544 3,845 3,680 Imports 22 17 20 20 Supply, Total 4,735 4,999 4,915 4,771 Crushings 2,055 2,065 2,115 2,115 Exports 2,134 1,700 1,875 1,775 Seed 104 89 96 96 Residual 5 75 34 30 Use, Total 4,297 3,929 4,120 4,016 Ending Stocks 438 1,070 795 755 Avg. Farm Price ($/bu) 2/ 9.33 8.50 8.40 8.40 Tota l SOYBEAN OIL 2017/18 2018/19 Est. 2019/20 Pro j. 2019/20 Pro j. J uly August Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,711 1,995 1,875 1,740 Production 4/ 23,772 23,995 24,535 24,535 Imports 335 400 450 450 Supply, Total 25,819 26,390 26,860 26,725 Domestic Disappearance 21,380 22,600 23,600 23,500 Biodiesel 3/ 7,134 8,100 8,700 8,600 Food, Feed & other Industrial 14,247 14,500 14,900 14,900 Exports 2,443 2,050 1,725 1,725 Use, Total 23,823 24,650 25,325 25,225 Ending stocks 1,995 1,740 1,535 1,500 Avg. Price (c/lb) 2/ 30.04 28.00 29.50 29.50 Tota l SOYBEAN MEAL 2017/18 2018/19 Est. 2019/20 Pro j. 2019/20 Pro j. J uly August Filler 1 2 3 4 Thousand Short Tons Beginning Stocks 401 555 450 450 Production 4/ 49,226 48,420 49,650 49,650 Imports 483 725 500 500 Supply, Total 50,109 49,700 50,600 50,600 Domestic Disappearance 35,537 35,700 36,600 36,500 Exports 14,016 13,550 13,600 13,700 Use, Total 49,554 49,250 50,200 50,200 Ending Stocks 555 450 400 400 Avg. Price ($/s.t.) 2/ 345.02 310.00 300.00 300.00 Tota l Note: T otals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for s oybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmer s; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,065 million bushels for 2018/19 and 2,115 million bushels for 2019/20. *Planted and harvested acres are from the June 28, 2019 Acreage report. The yield is based on a weather -adjusted trend model. August 2019 WASDE - 591 - 16 U.S. Sugar Supply and Use 1/ 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Jul Aug Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 1,876 2,008 1,761 1,775 Production 2/ 9,293 9,036 9,260 9,308 Beet Sugar 5,279 5,008 5,175 5,179 Cane Sugar 4,014 4,028 4,085 4,129 Florida 1,983 2,005 2,051 2,096 Hawaii 0 0 0 0 Louisiana 1,862 1,875 1,900 1,900 Texas 169 147 134 134 Imports 3,277 3,091 2,957 2,981 TRQ 3/ 1,663 1,604 1,568 1,593 Other Program 4/ 326 400 350 350 Other 5/ 1,287 1,087 1,039 1,039 Mexico 1,223 997 969 969 Total Supply 14,445 14,135 13,978 14,064 Exports 170 35 35 35 Deliveries 12,185 12,325 12,28 0 12,330 Food 12,048 12,200 12,175 12,225 Other 6/ 137 125 105 105 Miscellaneous 82 0 0 0 Total Use 12,438 12,360 12,315 12,365 Ending Stocks 2,008 1,775 1,663 1,699 Stocks to Use Ratio 16.1 14.4 13.5 13.7 Tota l 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2018/19 and 2019/20 are based on Crop Production and processor projections where appropriate. 3/ For 2018/19, WTO raw sugar TRQ shortfall (28) and for 2019/20 (99). 4/ Composed of sugar under the re - export and polyhydric alcohol programs. 5/ Imports from Mexico; and high -tier tariff sugar and syrups not otherwise specified -- for 2018/19 (90) and 2019/20 (70). 6/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE -reported d eliveries: 2017/18 -- 278; estimated 2018/19 -- 324; projected 2019/20 -- 340. Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric T ons, Actual Weight 2018/19 Est. Jul 1,395 6,425 70 4,716 2,179 995 2018/19 Est. Aug 1,395 6,426 70 4,716 2,179 995 2019/20 Proj. Jul 995 6,248 70 4,776 1,542 995 2019/20 Proj. Aug 995 6,248 70 4,776 1,542 995 1/ HFCS consumpti on by Mexico (1,000 metric tons, dry basis): 2017/18 = 1,593; Estimated Oct -June 2018 = 1,182; Projected 2018/19 = 1,520; Estimated Oct -June 2019 = 1,143; Projected 2019/20 = 1,520. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2018/19 (480 est); 2019/20 (480 proj). Other Deliveries/Ending Year Statistical A djustments: 2018/19 (0), 2019/20 (0). August 2019 WASDE - 591 - 17 U.S. Cotton Supply and Use 1/ 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Jul Aug Filler Filler Filler Filler Filler Area Million Acres Planted 12.72 14.10 13.72 ** 13.90 Harvested 11.10 10.21 12.49 ** 12.64 Filler Pounds Yield per Harvested Acre 905 864 845 ** 855 Million 480 Pound Bales Beginning Stocks 2.75 4.30 5.00 5.25 Production 20.92 18.37 22.00 22.52 Imports 0.00 0.01 0.01 0.01 Supply, Total 23.68 22.67 27.01 27.77 Domestic Use 3.23 3.00 3.10 3.10 Exports, Total 15.85 14.22 17.00 17.20 Use, Total 19.07 17.22 20.10 20.30 Unaccounted 2/ 0.30 0.21 0.21 0.27 Ending Stocks 4.30 5.25 6.70 7.20 Avg. Farm Pr ice 3/ 68.6 70.0 63.0 60.0 Tota l Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supp ly less total use and ending stocks. 3/ Cents per pound for upland cotton. **For July, planted area as reported in the June 28, 2019 Acreage. Harvested area based on 10 -year average abandonment by region, with the Southwest adjusted to reflect favorable moisture conditions. Yield based on 5 -year average yields by region. August 2019 WASDE - 591 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Feed Dom estic Total 2/ Exports Ending Stocks World 3/ 262.08 761.87 179.79 146.47 742.77 182.04 281.18 World Less China 147.15 627.53 175.86 128.97 621.77 181.04 149.98 United States 32.13 47.38 4.30 1.29 29.25 24.66 29.91 Total Foreign 229.94 714.49 175.49 145.19 713.52 157.38 251.27 Major Exporters 4/ 36.16 332.70 6.96 89.87 205.54 130.95 39.33 Argentina 0.25 18.50 0.00 0.05 5.45 12.66 0.64 Australia 5.73 20.94 0.16 4.00 7.48 13.85 5.51 Canada 6.86 29.98 0.45 4.52 9.42 21.95 5.92 European Union 5/ 10.72 151.13 5.82 58.00 130.40 23.29 13.98 Russia 10.83 85.17 0.47 20.00 43.00 41.42 12.04 Ukraine 1.77 26.98 0.06 3.30 9.80 17.78 1.24 Major Importers 6/ 160.49 202.93 115.29 37.46 290.11 12.24 176.36 Bangladesh 1.88 1.15 6.15 0.00 7.50 0.00 1.69 Brazil 2.26 4.26 7.02 0.50 12.00 0.23 1.31 China 114.93 134.33 3.94 17.50 121.00 1.00 131.20 Japan 1.21 0.97 5.88 0.75 6.60 0.28 1.18 N. Africa 7/ 14.15 19.25 27.45 2.25 45.23 0.83 14.79 Nigeria 0.20 0.07 5.09 0.05 4.75 0.40 0.20 Sel. Mideast 8/ 16.67 18.36 18.27 4.11 37.91 0.83 14.56 Southeast Asia 9/ 5.59 0.00 25.94 8.99 25.44 1.04 5.05 Selected Other India 9.80 98.51 1.17 5.00 95.68 0.57 13.23 Kazakhstan 3.36 14.80 0.10 2.10 6.90 9.00 2.37 2018/19 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 281.18 730.55 172.63 140.05 736.23 174.16 275.49 World Less China 149.98 599.12 169.48 120.05 611.23 173.15 135.72 United States 29.91 51.29 3.67 2.62 30.22 25.48 29.18 Total Foreign 251.27 679.26 168.96 137.44 706.02 148.68 246.31 Major Exporters 4/ 39.33 302.20 7.09 82.35 196.45 122.00 30.17 Argentina 0.64 19.50 0.01 0.05 5.75 13.00 1.39 Australia 5.51 17.30 0.36 5.70 9.20 9.00 4.97 Canada 5.92 31.80 0.45 4.10 9.00 24.50 4.67 European Union 5/ 13.98 136.86 5.70 52.00 123.20 23.60 9.74 Russia 12.04 71.69 0.46 18.00 40.50 35.70 7.99 Ukraine 1.24 25.06 0.11 2.50 8.80 16.20 1.41 Major Importers 6/ 176.36 199.70 111.97 38.38 294.16 11.83 182.04 Bangladesh 1.69 1.00 5.00 0.00 7.00 0.00 0.69 Brazil 1.31 5.43 7.30 0.50 12.10 0.60 1.34 China 131.20 131.43 3.15 20.00 125.00 1.01 139.77 Japan 1.18 0.88 5.73 0.68 6.53 0.29 0.97 N. Africa 7/ 14.79 21.00 27.11 2.25 46.18 0.71 16.01 Nigeria 0.20 0.06 4.80 0.05 4.46 0.40 0.20 Sel. Mideast 8/ 14.56 17.88 17.17 3.56 37.90 0.55 11.16 Southeast Asia 9/ 5.05 0.00 26.59 8.34 25.64 1.09 4.92 Selected Other India 13.23 99.87 0.02 5.00 95.63 0.50 16.99 Kazakhstan 2.37 13.95 0.09 1.80 6.60 8.50 1.30 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indone sia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Y emen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2019 WASDE - 591 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jul 275.15 771.46 178.91 151.17 760.15 183.11 286.46 Aug 275.49 768.07 179.00 150.32 758.16 182.63 285.40 World Less China Jul 135.45 639.46 175.41 130.17 632.15 181.81 140.57 Aug 135.72 636.07 175.50 129.32 630.16 181.33 139.43 United States Jul 29.18 52.28 3.81 4.08 32.20 25.86 27.22 Aug 29.18 53.89 3.67 4.63 32.60 26.54 27.60 Total Foreign Jul 245.97 719.18 175.10 147.09 727.95 157.25 259.25 Aug 246.31 714.18 175.33 145.69 725.56 156.10 257.80 Major Exporters 4/ Jul 29.91 328.80 6.69 87.55 202.05 131.00 32.34 Aug 30.17 327.00 6.66 86.45 200.85 131.00 31.98 Argentina Jul 1.39 20.00 0.01 0.05 5.95 14.00 1.45 Aug 1.39 20.50 0.01 0.05 5.85 14.50 1.55 Australia Jul 4.91 21.00 0.15 5.00 8.50 12.50 5.06 Aug 4.97 21.00 0.15 5.00 8.50 12.50 5.12 Canada Jul 4.67 33.30 0.45 4.30 9.30 24.00 5.12 Aug 4.67 33.30 0.45 4.30 9.30 24.00 5.12 European Union 5/ Jul 9.81 151.30 5.50 56.50 128.00 27.00 11.61 Aug 9.74 150.00 5.50 56.00 127.50 26.50 11.24 Russia Jul 7.73 74.20 0.50 18.00 40.50 34.50 7.43 Aug 7.99 73.00 0.48 17.50 40.00 34.00 7.46 Ukraine Jul 1.40 29.00 0.08 3.70 9.80 19.00 1.67 Aug 1.41 29.20 0.08 3.60 9.70 19.50 1.48 Major Importers 6/ Jul 181.86 204.97 116.12 40.26 300.86 12.85 189.23 Aug 182.04 202.97 116.72 39.96 300.71 12.85 188.16 Bangladesh Jul 0.69 1.10 6.50 0.00 7.30 0.00 0.99 Aug 0.69 1.10 6.50 0.00 7.30 0.00 0.99 Brazil Jul 1.34 5.30 7.50 0.50 12.20 0.60 1.34 Aug 1.34 5.30 7.50 0.50 12.20 0.60 1.34 China Jul 139.69 132.00 3.50 21.00 128.00 1.30 145.89 Aug 139.77 132.00 3.50 21.00 128.00 1.30 145.97 Japan Jul 1.06 0.95 5.90 0.70 6.50 0.28 1.13 Aug 0.97 0.95 5.90 0.70 6.50 0.28 1.04 N. Africa 7/ Jul 16.11 18.87 27.40 2.25 46.65 0.69 15.04 Aug 16.01 18.87 27.40 2.25 46.75 0.69 14.84 Nigeria Jul 0.20 0.06 5.20 0.05 4.86 0.40 0.20 Aug 0.20 0.06 5.10 0.05 4.76 0.40 0.20 Sel. Mideast 8/ Jul 11.11 22.46 17.32 3.92 38.99 0.72 11.18 Aug 11.16 22.46 17.32 3.92 39.04 0.72 11.18 Southeast Asia 9/ Jul 4.78 0.00 27.70 8.74 26.42 1.07 5.00 Aug 4.92 0.00 27.90 8.64 26.52 1.07 5.24 Selected Other India Jul 16.99 101.20 0.02 6.00 98.00 0.50 19.71 Aug 16.99 101.20 0.02 6.00 98.00 0.50 19.71 Kazakhstan Jul 1.29 14.00 0.06 1.80 6.60 7.50 1.25 Aug 1.30 13.00 0.06 1.80 6.60 6.50 1.26 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4 / Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thaila nd, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Om an 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2019 WASDE - 591 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Feed Domest ic Total 2/ Exports Ending Stocks World 3/ 385.61 1,359.87 187.72 837.02 1,376.51 185.91 368.97 World Less China 161.26 1,093.05 171.29 637.77 1,092.36 185.85 145.59 United States 62.17 384.39 2.93 138.73 324.41 67.16 57.92 Total Foreign 323.44 975.48 184.79 698.29 1,052.11 118.75 311.05 Major Exporters 4/ 38.41 252.15 3.69 126.38 170.30 98.30 25.65 Argentina 6.70 39.32 0.01 11.93 17.46 24.50 4.06 Australia 2.65 12.19 0.00 3.94 5.81 6.80 2.23 Brazil 14.49 85.06 1.46 57.70 68.18 25.13 7.71 Canada 5.56 26.24 1.77 15.92 23.23 5.78 4.57 Russia 2.06 41.72 0.13 21.57 31.02 11.52 1.37 Ukraine 3.01 34.07 0.05 8.44 11.82 22.50 2.81 Major Importers 5/ 38.21 245.00 133.72 283.60 367.82 10.02 39.09 European Union 6/ 15.11 152.12 19.40 120.85 162.37 7.92 16.35 Japan 1.69 0.19 17.58 13.75 17.75 0.00 1.71 Mexico 6.00 33.19 16.36 29.20 48.41 0.96 6.18 N. Afr & Mideast 7/ 7.13 29.07 39.14 59.33 67.45 0.13 7.77 Saudi Arabia 2.54 0.26 11.99 12.28 12.70 0.00 2.08 Southeast Asia 8/ 3.29 29.89 14.54 36.17 44.39 1.01 2.33 South Korea 1.77 0.20 10.19 7.80 10.31 0.00 1.86 Selected Other China 224.34 266.82 16.43 199.25 284.15 0.06 223.38 2018/19 Est. Beginning Stocks Production Imports Domes tic Feed Domes tic Total 2/ Exports Ending Stocks World 3/ 368.97 1,396.26 194.60 845.74 1,410.22 207.80 355.00 World Less China 145.59 1,130.85 182.72 649.59 1,122.05 207.73 142.58 United States 57.92 379.92 2.69 139.48 320.98 55.64 63.91 Total Foreign 311.05 1,016.34 191.91 706.26 1,089.24 152.16 291.09 Major Exporters 4/ 25.65 292.29 5.44 124.95 169.43 130.35 23.59 Argentina 4.06 59.18 0.01 12.55 18.51 39.36 5.39 Australia 2.23 10.93 0.00 3.93 6.00 5.02 2.15 Brazil 7.71 104.31 1.70 58.95 69.98 37.05 6.68 Canada 4.57 26.24 2.46 16.34 23.60 6.30 3.37 Russia 1.37 35.00 0.10 18.70 27.27 8.20 1.00 Ukraine 2.81 44.50 0.06 7.91 11.21 33.43 2.73 Major Importers 5/ 39.09 241.94 142.85 294.38 379.18 10.08 34.62 European Union 6/ 16.35 147.90 24.77 125.60 167.57 8.36 13.09 Japan 1.71 0.18 17.57 13.72 17.81 0.00 1.64 Mexico 6.18 32.50 17.66 31.07 50.31 0.80 5.24 N. Afr & Mideast 7/ 7.77 31.11 39.68 62.55 70.68 0.12 7.76 Saudi Arabia 2.08 0.29 11.31 11.35 11.83 0.00 1.85 Southeast Asia 8/ 2.33 29.69 17.12 37.59 45.71 0.81 2.62 South Korea 1.86 0.20 10.54 8.16 10.72 0.00 1.89 Selected Other China 223.38 265.41 11.88 196.15 288.17 0.07 212.42 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. exc ludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepanc ies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia and Ukraine. 5/ The European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt , Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2019 WASDE - 591 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Ton s) 2019/20 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jul 354.86 1,395.51 202.00 857.28 1,422.32 206.09 328.05 Aug 355.00 1,398.85 203.00 856.18 1,417.53 204.74 336.33 World Less China Jul 144.43 1,133.03 186.95 660.18 1,126.87 206.03 135.61 Aug 142.58 1,136.37 187.95 661.08 1,124.08 204.68 139.89 United States Jul 63.40 365.13 3.69 136.84 320.23 57.25 54.75 Aug 63.91 366.93 3.69 137.73 320.48 54.71 59.34 Total Forei gn Jul 291.45 1,030.37 198.31 720.44 1,102.09 148.84 273.30 Aug 291.09 1,031.92 199.31 718.45 1,097.05 150.03 276.99 Major Exporters 4/ Jul 25.36 300.57 2.93 128.88 175.42 127.13 26.32 Aug 23.59 303.07 3.03 128.11 174.27 129.28 26.15 Argentina Jul 5.67 57.26 0.01 13.18 19.64 36.31 6.99 Aug 5.39 58.06 0.01 13.28 19.94 36.61 6.91 Australia Jul 2.15 12.70 0.00 4.45 6.52 6.17 2.17 Aug 2.15 12.70 0.00 4.45 6.52 6.17 2.17 Brazil Jul 8.12 104.46 1.60 61.07 73.55 34.01 6.62 Aug 6.68 104.48 1.70 60.07 72.15 34.01 6.70 Canada Jul 3.42 29.21 1.03 16.10 23.36 6.16 4.14 Aug 3.37 29.21 1.03 16.10 23.36 6.16 4.09 Russia Jul 1.00 38.80 0.09 19.20 27.95 10.59 1.35 Aug 1.00 37.88 0.09 19.23 27.68 10.29 1.00 Ukraine Jul 2.73 43.55 0.03 8.21 11.43 32.39 2.50 Aug 2.73 46.15 0.03 8.31 11.66 34.54 2.72 Major Importers 5/ Jul 34.77 255.22 145.30 301.06 386.88 11.13 37.28 Aug 34.62 254.63 146.30 302.31 388.18 10.28 37.09 European Union 6/ Jul 12.72 156.53 21.01 124.80 167.32 8.36 14.58 Aug 13.09 156.99 21.91 126.40 168.97 7.86 15.16 Japan Jul 1.64 0.18 17.37 13.52 17.61 0.00 1.58 Aug 1.64 0.18 17.37 13.52 17.61 0.00 1.58 Mexico Jul 5.24 33.10 19.01 32.41 51.99 1.50 3.86 Aug 5.24 33.10 19.01 32.41 51.99 1.50 3.86 N. Afr & Mideast 7/ Jul 8.14 33.12 42.32 65.33 73.56 0.29 9.72 Aug 7.76 32.87 42.42 65.18 73.41 0.19 9.44 Saudi Arabia Jul 1.75 0.25 14.01 13.55 14.00 0.00 2.02 Aug 1.85 0.25 13.51 13.25 13.70 0.00 1.92 Southeast Asia 8/ Jul 2.87 31.76 16.76 38.86 47.01 0.99 3.40 Aug 2.62 30.96 17.26 38.96 47.11 0.74 3.00 South Korea Jul 1.88 0.20 10.63 8.26 10.85 0.00 1.85 Aug 1.89 0.20 10.63 8.26 10.85 0.00 1.86 Selected Other China Jul 210.42 262.48 15.05 197.10 295.45 0.06 192.44 Aug 212.42 262.48 15.05 195.10 293.45 0.06 196.44 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discr epancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia and Ukraine. 5/ The European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2019 WASDE - 591 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 351.35 1,077.98 149.97 672.95 1,089.96 148.74 339.37 World Less China 128.34 818.91 146.51 485.95 826.96 148.72 116.85 United States 58.25 371.10 0.92 134.74 313.98 61.92 54.37 Total Foreign 293.10 706.88 149.05 538.21 775.98 86.83 285.01 Major Exporters 4/ 25.32 164.42 1.18 82.63 103.63 72.76 14.53 Argentina 5.27 32.00 0.01 8.50 12.40 22.00 2.88 Brazil 14.02 82.00 0.92 55.00 64.50 25.12 7.31 Russia 0.78 13.20 0.05 7.40 8.30 5.53 0.20 South Africa 3.70 13.10 0.17 6.83 12.23 2.07 2.67 Ukraine 1.55 24.12 0.04 4.90 6.20 18.04 1.47 Major Importers 5/ 21.93 125.98 88.35 154.70 208.85 3.72 23.70 Egypt 1.89 6.40 9.46 13.40 15.90 0.01 1.84 European Union 6/ 7.60 62.02 18.47 57.00 76.50 1.75 9.84 Japan 1.32 0.00 15.67 12.00 15.60 0.00 1.39 Mexico 5.41 27.57 16.13 24.30 42.50 0.96 5.65 Southeast A sia 7/ 3.28 29.84 14.20 36.10 44.00 1.00 2.32 South Korea 1.76 0.07 10.02 7.70 10.00 0.00 1.85 Selected Other 0.00 Canada 2.57 14.10 1.70 8.87 14.02 1.94 2.42 China 223.02 259.07 3.46 187.00 263.00 0.02 222.53 2018/19 Est. Beginning Stocks Production Imports Domes tic Feed Domes tic Total 2/ Exports Ending Stocks World 3/ 339.37 1,123.02 163.23 696.40 1,133.82 176.22 328.58 World Less China 116.85 865.69 158.23 506.40 860.82 176.20 116.74 United States 54.37 366.29 0.76 133.99 308.12 53.34 59.96 Total Foreign 285.01 756.74 162.47 562.41 825.70 122.87 268.62 Major Exporters 4/ 14.53 210.72 2.10 84.50 106.60 106.50 14.24 Argentina 2.88 51.00 0.01 9.70 13.80 36.00 4.09 Brazil 7.31 101.00 1.00 56.00 66.00 37.00 6.31 Russia 0.20 11.42 0.05 7.50 8.40 3.00 0.26 South Africa 2.67 11.50 1.00 6.50 12.20 1.00 1.97 Ukraine 1.47 35.81 0.04 4.80 6.20 29.50 1.61 Major Importers 5/ 23.70 127.51 97.15 168.40 223.00 4.91 20.45 Egypt 1.84 6.80 9.70 13.70 16.20 0.01 2.13 European Union 6/ 9.84 64.22 23.50 67.00 87.00 3.30 7.25 Japan 1.39 0.00 15.80 12.10 15.80 0.00 1.40 Mexico 5.65 26.70 17.00 25.70 43.90 0.80 4.65 Southeast Asia 7/ 2.32 29.64 16.65 37.50 45.20 0.80 2.61 South Korea 1.85 0.08 10.40 8.10 10.45 0.00 1.88 Selected Other 0.00 Canada 2.42 13.90 2.40 9.30 14.50 2.10 2.12 China 222.53 257.33 5.00 190.00 273.00 0.02 211.84 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in trans it, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2019 WASDE - 591 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jul 328.75 1,105.14 167.83 696.49 1,134.97 170.84 298.92 Aug 328.58 1,108.24 169.34 694.44 1,129.09 169.90 307.72 World Less China Jul 118.92 851.14 160.83 506.49 855.97 170.82 107.10 Aug 116.74 854.24 162.34 506.44 852.09 169.88 111.91 United States Jul 59.45 352.44 1.27 131.45 307.48 54.61 51.07 Aug 59.96 353.09 1.27 131.45 306.85 52.07 55.40 Total Foreign Jul 269.30 752.70 166.56 565.04 827.49 116.23 247.85 Aug 268.62 755.15 168.07 562.99 822.25 117.83 252.32 Major Exporters 4/ Jul 16.24 212.50 1.17 87.50 111.70 102.00 16.21 Aug 14.24 214.50 1.17 86.50 110.20 103.70 16.01 Argentina Jul 4.58 50.00 0.01 10.30 15.00 33.50 6.09 Aug 4.09 50.00 0.01 10.30 15.00 33.50 5.59 Brazil Jul 7.81 101.00 1.00 58.00 69.50 34.00 6.31 Aug 6.31 101.00 1.00 57.00 68.00 34.00 6.31 Russia Jul 0.26 13.50 0.04 7.60 8.50 5.00 0.30 Aug 0.26 13.00 0.04 7.50 8.40 4.70 0.20 South Africa Jul 1.97 14.00 0.10 6.60 12.30 1.50 2.27 Aug 1.97 14.00 0.10 6.60 12.30 1.50 2.27 Ukraine Jul 1.61 34.00 0.02 5.00 6.40 28.00 1.23 Aug 1.61 36.50 0.02 5.10 6.50 30.00 1.63 Major Importers 5/ Jul 20.68 130.27 95.10 165.60 221.15 4.49 20.41 Aug 20.45 130.07 96.60 166.70 222.25 4.24 20.63 Egypt Jul 2.13 7.20 10.00 14.40 16.90 0.01 2.42 Aug 2.13 7.20 10.00 14.40 16.90 0.01 2.42 European Union 6/ Jul 7.24 64.20 20.00 61.00 81.50 2.00 7.94 Aug 7.25 64.80 21.00 62.00 82.50 2.00 8.55 Japan Jul 1.40 0.00 15.60 11.90 15.60 0.00 1.40 Aug 1.40 0.00 15.60 11.90 15.60 0.00 1.40 Mexico Jul 4.65 27.00 18.50 27.00 45.50 1.50 3.15 Aug 4.65 27.00 18.50 27.00 45.50 1.50 3.15 Southeast Asia 7/ Jul 2.86 31.71 16.40 38.80 46.60 0.98 3.39 Aug 2.61 30.91 16.90 38.90 46.70 0.73 2.99 South Korea Jul 1.86 0.08 10.50 8.20 10.60 0.00 1.84 Aug 1.88 0.08 10.50 8.20 10.60 0.00 1.85 Selected Other Canada Jul 2.02 14.00 1.00 8.50 13.70 1.50 1.82 Aug 2.12 14.00 1.00 8.50 13.70 1.50 1.92 China Jul 209.84 254.00 7.00 190.00 279.00 0.02 191.82 Aug 211.84 254.00 7.00 188.00 277.00 0.02 195.82 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports . 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European Union, Japan, Mexico, Sout heast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2019 WASDE - 591 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metri c Tons) 2017/18 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 149.62 494.86 46.73 482.23 47.13 162.25 World Less China 51.12 345.99 41.23 339.74 45.74 53.25 United States 1.46 5.66 0.87 4.30 2.76 0.93 Total Foreign 148.16 489.20 45.86 477.93 44.36 161.31 Major Exporters 4/ 27.64 181.69 0.76 144.77 36.45 28.88 Burma 0.55 13.20 0.01 10.20 2.75 0.81 India 20.55 112.76 0.00 98.67 12.04 22.60 Pakistan 1.34 7.50 0.00 3.40 4.01 1.42 Thailand 4.24 20.58 0.25 11.00 11.06 3.01 Vietnam 0.97 27.66 0.50 21.50 6.59 1.03 Major Importers 5/ 108.57 241.03 21.35 248.06 1.82 121.06 China 98.50 148.87 5.50 142.49 1.39 109.00 European Union 6/ 1.19 2.01 2.01 3.68 0.35 1.18 Indonesia 2.92 37.00 2.35 38.10 0.00 4.16 Nigeria 1.74 4.66 2.00 6.90 0.00 1.50 Philippines 2.00 12.24 1.30 13.25 0.00 2.29 Sel. Mideast 7/ 0.86 2.22 3.62 5.80 0.00 0.91 Selected Other 0.00 Brazil 0.53 8.20 0.56 7.75 1.15 0.39 C. Amer & Carib 8/ 0.68 1.64 1.66 3.27 0.04 0.68 Egypt 1.43 4.30 0.09 4.20 0.05 1.56 Japan 2.41 7.79 0.69 8.60 0.06 2.23 Mexico 0.17 0.18 0.81 0.92 0.10 0.15 South Korea 2.00 3.97 0.40 4.75 0.06 1.56 2018/19 Est. Beginning Stocks Production Imports Total /2 Domes tic Exports Ending Stocks World 3/ 162.25 498.62 44.25 489.57 45.55 171.30 World Less China 53.25 350.13 41.00 346.60 42.78 56.30 United States 0.93 7.12 0.92 4.41 2.95 1.61 Total Foreign 161.31 491.50 43.33 485.16 42.60 169.69 Major Exporters 4/ 28.88 184.68 0.66 147.41 34.00 32.81 Burma 0.81 13.18 0.01 10.33 2.80 0.87 India 22.60 115.63 0.00 101.13 11.60 25.50 Pakistan 1.42 7.40 0.00 3.45 4.10 1.27 Thailand 3.01 20.55 0.25 11.00 9.00 3.81 Vietnam 1.03 27.92 0.40 21.50 6.50 1.36 Major Importers 5/ 121.06 242.04 17.15 250.07 3.20 126.99 China 109.00 148.49 3.25 142.97 2.77 115.00 European Union 6/ 1.18 1.94 2.10 3.78 0.32 1.13 Indonesia 4.16 36.70 0.40 38.00 0.00 3.26 Nigeria 1.50 4.79 2.10 7.10 0.00 1.29 Philippines 2.29 11.80 3.50 14.10 0.00 3.49 Sel. Mideast 7/ 0.91 2.01 3.75 5.87 0.00 0.80 Selected Other 0.00 Brazil 0.39 7.31 0.83 7.60 0.65 0.28 C. Amer & Carib 8/ 0.68 1.69 1.76 3.42 0.04 0.67 Egypt 1.56 2.80 0.80 4.05 0.02 1.09 Japan 2.23 7.65 0.69 8.56 0.06 1.95 Mexico 0.15 0.19 0.78 0.92 0.04 0.17 South Korea 1.56 3.87 0.41 4.71 0.10 1.02 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domes tic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. August 2019 WASDE - 591 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Jul 170.91 497.82 44.16 496.08 46.91 172.65 Aug 171.30 497.86 43.89 494.50 46.64 174.66 World Less China Jul 56.41 351.82 40.76 351.48 43.61 56.65 Aug 56.30 351.86 40.59 351.50 43.34 56.66 United States Jul 1.64 6.63 0.93 4.38 3.21 1.60 Aug 1.61 6.52 0.93 4.35 3.21 1.50 Total Foreign Jul 169.27 491.19 43.23 491.69 43.71 171.05 Aug 169.69 491.34 42.97 490.15 43.43 173.16 Major Exporters 4/ Jul 32.40 184.70 0.66 149.05 34.80 33.91 Aug 32.81 184.60 0.66 149.05 34.60 34.42 Burma Jul 0.87 13.30 0.01 10.50 2.60 1.08 Aug 0.87 13.30 0.01 10.50 2.60 1.08 India Jul 25.50 115.00 0.00 102.00 12.00 26.50 Aug 25.50 115.00 0.00 102.00 12.00 26.50 Pakistan Jul 1.27 7.50 0.00 3.55 4.00 1.22 Aug 1.27 7.50 0.00 3.55 4.00 1.22 Thailand Jul 3.61 20.90 0.25 11.00 9.70 4.06 Aug 3.81 20.50 0.25 11.00 9.50 4.06 Vietnam Jul 1.15 28.00 0.40 22.00 6.50 1.05 Aug 1.36 28.30 0.40 22.00 6.50 1.56 Major Importers 5/ Jul 126.93 241.28 16.38 252.86 3.71 128.02 Aug 126.99 241.50 16.13 251.31 3.71 129.60 China Jul 114.50 146.00 3.40 144.60 3.30 116.00 Aug 115.00 146.00 3.30 143.00 3.30 118.00 European Union 6/ Jul 1.10 2.04 2.00 3.75 0.30 1.09 Aug 1.13 2.01 2.05 3.80 0.30 1.09 Indonesia Jul 3.66 37.40 0.50 38.00 0.00 3.56 Aug 3.26 37.40 0.50 38.00 0.00 3.16 Nigeria Jul 1.29 4.90 2.20 7.30 0.00 1.09 Aug 1.29 4.90 2.20 7.30 0.00 1.09 Philippines Jul 3.49 12.20 2.70 14.60 0.00 3.79 Aug 3.49 12.20 2.70 14.60 0.00 3.79 Sel. Mideast 7/ Jul 0.87 2.03 3.88 6.06 0.00 0.73 Aug 0.80 2.29 3.68 6.06 0.00 0.71 Selected Other Brazil Jul 0.28 7.21 0.90 7.55 0.55 0.29 Aug 0.28 7.21 0.90 7.55 0.55 0.29 C. Amer & Carib 8/ Jul 0.67 1.64 1.83 3.43 0.04 0.67 Aug 0.67 1.64 1.84 3.44 0.04 0.67 Egypt Jul 1.09 3.05 0.60 3.90 0.01 0.83 Aug 1.09 3.05 0.60 3.90 0.01 0.83 Japan Jul 1.95 7.70 0.69 8.48 0.06 1.79 Aug 1.95 7.70 0.69 8.48 0.06 1.79 Mexico Jul 0.22 0.20 0.79 0.91 0.10 0.20 Aug 0.17 0.20 0.79 0.93 0.02 0.21 South Korea Jul 1.02 3.88 0.41 4.48 0.06 0.78 Aug 1.02 3.88 0.41 4.48 0.06 0.78 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total dom estic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differenc es in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. August 2019 WASDE - 591 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2017/18 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 80.31 123.78 41.02 122.68 40.95 0.45 81.03 World Less China 34.39 96.28 35.29 81.68 40.83 0.45 43.01 United States 2.75 20.92 3/ 3.23 15.85 0.30 4.30 Total Foreign 77.56 102.86 41.02 119.45 25.11 0.15 76.73 Major Exporters 4/ 21.94 57.10 2.46 32.75 21.73 0.02 27.00 Central Asia 5/ 2.18 6.50 3/ 3.38 2.53 0.00 2.77 Afr. Fr. Zone 6/ 1.46 5.44 3/ 0.14 5.06 0.00 1.70 S. Hemis. 7/ 10.21 15.70 0.24 4.44 8.63 0.01 13.07 Australia 2.19 4.80 3/ 0.04 3.92 0.00 3.04 Brazil 6.93 9.22 0.08 3.40 4.17 0.00 8.66 India 7.88 29.00 1.68 24.15 5.18 0.00 9.23 Major Importers 8/ 54.17 42.93 35.91 82.66 2.34 0.12 47.88 Mexico 0.45 1.56 0.93 1.90 0.35 0.03 0.66 China 45.92 27.50 5.73 41.00 0.13 0.00 38.02 European Union 9/ 0.18 1.53 0.73 0.76 1.37 0.04 0.28 Turkey 1.53 4.00 4.02 7.45 0.33 0.00 1.78 Pakistan 2.32 8.20 3.30 10.80 0.16 0.03 2.83 Indonesia 0.62 3/ 3.50 3.50 0.01 0.00 0.62 Thailand 0.20 3/ 1.15 1.13 0.00 0.03 0.20 Bangladesh 1.63 0.14 7.60 7.50 0.00 0.01 1.86 Vietnam 0.88 3/ 6.95 6.60 0.00 0.00 1.24 2018/19 Est. Beginning Stocks Production Imports Domes tic Use Exports Los s /2 Ending Stocks World 81.03 119.19 41.83 120.61 40.83 0.34 80.27 World Less China 43.01 91.44 32.33 81.11 40.65 0.34 44.68 United States 4.30 18.37 0.01 3.00 14.22 0.21 5.25 Total Foreign 76.73 100.83 41.82 117.61 26.61 0.14 75.02 Major Exporters 4/ 27.00 55.29 2.14 33.65 22.40 0.02 28.36 Central Asia 5/ 2.77 5.44 3/ 3.83 1.87 0.00 2.52 Afr. Fr. Zone 6/ 1.70 5.34 3/ 0.14 5.50 0.00 1.40 S. Hemis. 7/ 13.07 17.37 0.19 4.54 11.00 0.01 15.08 Australia 3.04 2.40 3/ 0.04 3.80 0.00 1.60 Brazil 8.66 12.80 0.05 3.50 6.01 0.00 11.99 India 9.23 26.50 1.50 24.50 3.60 0.00 9.13 Major Importers 8/ 47.88 42.60 37.18 79.77 2.92 0.11 44.86 Mexico 0.66 1.69 0.85 1.95 0.50 0.03 0.72 China 38.02 27.75 9.50 39.50 0.18 0.00 35.59 European Union 9/ 0.28 1.72 0.69 0.75 1.66 0.03 0.25 Turkey 1.78 3.70 3.40 6.70 0.50 0.00 1.68 Pakistan 2.83 7.60 2.90 10.60 0.08 0.03 2.63 Indonesia 0.62 3/ 3.00 3.10 0.01 0.00 0.51 Thailand 0.20 3/ 1.12 1.11 0.00 0.03 0.19 Bangladesh 1.86 0.14 6.90 7.10 0.00 0.01 1.78 Vietnam 1.24 3/ 7.00 7.10 0.00 0.00 1.14 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marke ting channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countr ies and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Le sotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. August 2019 WASDE - 591 - 27 World Cotton Suppl y and Use 1/ (Million 480 -Pound Bales) 2019/20 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Jul 79.27 125.79 44.12 124.27 44.15 0.34 80.42 Aug 80.27 125.61 43.90 123.07 43.85 0.40 82.45 World Less China Jul 43.91 98.04 33.62 83.77 44.03 0.34 47.43 Aug 44.68 97.86 33.40 83.07 43.73 0.40 48.74 United States Jul 5.00 22.00 0.01 3.10 17.00 0.21 6.70 Aug 5.25 22.52 0.01 3.10 17.20 0.27 7.20 filler filler filler filler filler filler filler Total Foreign Jul 74.27 103.79 44.11 121.17 27.15 0.13 73.72 Aug 75.02 103.09 43.90 119.97 26.65 0.13 75.25 Major Exporters 4/ Jul 27.79 57.22 2.14 35.11 23.01 0.02 29.00 Aug 28.36 56.65 2.11 34.41 22.61 0.02 30.07 Central As ia 5/ Jul 2.49 5.76 3/ 4.09 1.79 0.00 2.37 Aug 2.52 5.26 3/ 3.99 1.51 0.00 2.29 Afr. Fr. Zone 6/ Jul 1.59 6.01 3/ 0.14 5.61 0.00 1.85 Aug 1.40 5.98 3/ 0.14 5.64 0.00 1.60 S. Hemis. 7/ Jul 15.07 15.97 0.21 4.67 10.97 0.01 15.60 Aug 15.08 15.92 0.21 4.62 10.97 0.01 15.61 Australia Jul 1.80 1.90 3/ 0.04 1.80 0.00 1.87 Aug 1.60 1.90 3/ 0.04 1.80 0.00 1.67 filler filler filler filler filler filler filler Brazil Jul 11.81 12.00 0.08 3.60 8.00 0.00 12.28 Aug 11.99 12.00 0.08 3.60 8.00 0.00 12.47 India Jul 8.43 29.00 1.40 25.50 4.40 0.00 8.93 Aug 9.13 29.00 1.40 25.00 4.20 0.00 10.33 Major Importers 8/ Jul 44.67 43.52 39.41 81.79 2.90 0.11 42.79 Aug 44.86 43.40 39.22 81.29 2.79 0.11 43.29 Mexico Jul 0.72 1.75 0.85 2.00 0.55 0.03 0.75 Aug 0.72 1.70 0.85 2.00 0.55 0.03 0.70 China Jul 35.37 27.75 10.50 40.50 0.13 0.00 32.99 Aug 35.59 27.75 10.50 40.00 0.13 0.00 33.71 European Union 9/ Jul 0.26 1.78 0.67 0.73 1.69 0.03 0.26 Aug 0.25 1.71 0.68 0.73 1.63 0.03 0.25 Turkey Jul 1.58 4.10 3.00 6.70 0.38 0.00 1.60 Aug 1.68 4.10 3.00 6.70 0.38 0.00 1.70 Pakistan Jul 2.73 8.00 3.00 10.70 0.15 0.03 2.86 Aug 2.63 8.00 2.80 10.70 0.10 0.03 2.61 Indonesia Jul 0.51 3/ 3.30 3.20 0.01 0.00 0.61 Aug 0.51 3/ 3.30 3.20 0.01 0.00 0.61 Thailand Jul 0.20 3/ 1.18 1.15 0.00 0.03 0.21 Aug 0.19 3/ 1.18 1.15 0.00 0.03 0.19 Bangladesh Jul 1.78 0.14 7.30 7.40 0.00 0.01 1.81 Aug 1.78 0.14 7.30 7.40 0.00 0.01 1.81 Vietnam Jul 1.14 3/ 7.80 7.60 0.00 0.00 1.34 Aug 1.14 3/ 7.80 7.60 0.00 0.00 1.34 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Gen erally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3 / Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Se negal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. Augus t 2019 WASDE - 591 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 96.16 341.53 153.00 295.21 338.50 153.08 99.10 World Less China 75.50 326.33 58.90 205.21 232.20 152.95 75.58 United States 8.21 120.07 0.59 55.93 58.87 58.07 11.92 Total Foreign 87.95 221.47 152.40 239.29 279.63 95.01 87.18 Major Exporters 3/ 60.64 171.43 4.89 85.39 94.17 85.57 57.23 Argentina 27.00 37.80 4.70 36.93 43.63 2.11 23.75 Brazil 33.21 122.00 0.18 44.52 46.51 76.18 32.70 Paraguay 0.44 10.30 0.01 3.87 3.94 6.03 0.77 Major Importers 4/ 23.34 19.11 124.51 116.06 140.35 0.43 26.17 China 20.66 15.20 94.10 90.00 106.30 0.13 23.52 European Union 1.15 2.54 14.58 14.95 16.60 0.28 1.40 Southeast Asia 1.15 0.69 7.71 3.46 8.64 0.02 0.88 Mexico 0.15 0.43 4.87 5.25 5.29 0.00 0.17 2018/19 Est. Beginning Stocks Production Imports Domes tic C rus h Domes tic Tota l Exports Ending Stocks World 2/ 99.10 362.85 147.51 299.77 346.63 148.30 114.53 World Less China 75.58 346.95 64.51 214.77 244.53 148.18 94.33 United States 11.92 123.66 0.46 56.20 60.65 46.27 29.13 Total Forei gn 87.18 239.19 147.05 243.57 285.98 102.04 85.40 Major Exporters 3/ 57.23 184.83 6.51 88.18 97.81 92.95 57.81 Argentina 23.75 56.00 6.35 41.00 47.90 7.75 30.45 Brazil 32.70 117.00 0.15 43.20 45.85 76.85 27.15 Paraguay 0.77 9.00 0.01 3.90 3.98 5.60 0.20 Major Importers 4/ 26.17 19.77 116.32 113.70 138.99 0.33 22.94 China 23.52 15.90 83.00 85.00 102.10 0.13 20.20 European Union 1.40 2.66 15.70 16.60 18.26 0.17 1.34 Southeast Asia 0.88 0.66 9.09 4.20 9.56 0.04 1.03 Mexico 0.17 0.34 5.23 5.50 5.54 0.00 0.20 2019/20 Proj. Beginning Stocks Production Imports Domes tic C rus h Domes tic Tota l Exports Ending Stocks World 2/ Jul 112.98 347.04 150.82 307.85 355.06 151.26 104.53 Aug 114.53 341.83 148.87 307.08 354.32 149.17 101.74 World Less China Jul 91.78 330.04 63.82 221.85 251.36 151.13 83.15 Aug 94.33 324.83 63.87 222.08 251.62 149.05 82.37 United States Jul 28.56 104.64 0.54 57.56 61.09 51.03 21.63 Aug 29.13 100.16 0.54 57.56 60.98 48.31 20.54 Total Foreign Jul 84.42 242.40 150.27 250.29 293.96 100.23 82.90 Aug 85.40 241.68 148.32 249.52 293.34 100.87 81.20 Major Exporters 3/ Jul 56.41 188.40 4.11 92.78 102.76 92.33 53.83 Aug 57.81 188.40 4.11 92.78 102.76 92.83 54.73 Argentina Jul 29.45 53.00 3.90 45.00 52.15 8.00 26.20 Aug 30.45 53.00 3.90 45.00 52.15 8.00 27.20 Brazil Jul 26.75 123.00 0.20 43.75 46.50 76.00 27.45 Aug 27.15 123.00 0.20 43.75 46.50 76.50 27.35 Paraguay Jul 0.20 10.20 0.01 3.95 4.03 6.20 0.18 Aug 0.20 10.20 0.01 3.95 4.03 6.20 0.18 Major Importers 4/ Jul 24.05 21.07 121.24 115.01 141.16 0.39 24.80 Aug 22.94 20.94 119.14 113.91 140.06 0.39 22.57 China Jul 21.20 17.00 87.00 86.00 103.70 0.13 21.37 Aug 20.20 17.00 85.00 85.00 102.70 0.13 19.37 European Union Jul 1.44 2.78 15.10 16.00 17.66 0.23 1.43 Aug 1.34 2.65 15.10 16.00 17.66 0.23 1.20 Southeast Asia Jul 1.03 0.64 9.99 4.63 10.24 0.04 1.37 Aug 1.03 0.64 9.89 4.53 10.14 0.04 1.37 Mexico Jul 0.20 0.40 5.80 5.95 5.99 0.00 0.41 Aug 0.20 0.40 5.80 5.95 5.99 0.00 0.41 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, wo rld supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, an d Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to rounding. August 2019 WASDE - 591 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2017/1 8 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.25 232.41 59.99 229.33 63.88 12.43 World Less China 13.25 161.13 59.97 159.23 62.69 12.43 United States 0.36 44.66 0.44 32.24 12.72 0.50 Total Foreign 12.88 187.75 59.55 197.10 51.17 11.92 Major Exporters 3/ 7.24 68.59 0.03 25.51 43.26 7.09 Argentina 3.34 27.93 0.00 3.00 25.35 2.92 Brazil 3.32 34.50 0.02 17.71 16.06 4.06 India 0.58 6.16 0.01 4.80 1.84 0.11 Major Importers 4/ 1.90 20.48 38.62 58.96 0.66 1.38 European Union 0.49 11.81 18.35 30.04 0.40 0.21 Mexico 0.04 4.15 1.82 5.95 0.02 0.04 Southeast Asia 5/ 1.28 2.70 16.72 19.42 0.25 1.04 2018/19 Est. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ 12.43 234.95 62.35 231.40 66.58 11.75 World Less China 12.43 167.63 62.33 165.01 65.63 11.75 United States 0.50 43.93 0.66 32.39 12.29 0.41 Total Foreign 11.92 191.03 61.69 199.01 54.29 11.35 Major Exporters 3/ 7.09 72.05 0.04 26.92 45.95 6.32 Argentina 2.92 30.95 0.00 3.19 28.00 2.69 Brazil 4.06 33.50 0.03 18.13 16.10 3.36 India 0.11 7.60 0.02 5.60 1.85 0.28 Major Importers 4/ 1.38 22.55 39.42 61.10 0.58 1.67 European Union 0.21 13.11 18.50 31.08 0.35 0.40 Mexico 0.04 4.35 2.00 6.33 0.02 0.05 Southeast Asia 5/ 1.04 3.28 17.15 20.12 0.22 1.13 2019/20 Proj. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stock s World 2/ Jul 11.78 241.31 64.73 237.90 68.13 11.79 Aug 11.75 240.64 64.39 236.86 68.32 11.61 World Less China Jul 11.78 173.20 64.68 170.64 67.23 11.79 Aug 11.75 173.32 64.34 170.39 67.42 11.61 United States Jul 0.41 45.04 0.45 33.20 12.34 0.36 Aug 0.41 45.04 0.45 33.11 12.43 0.36 Total Foreign Jul 11.37 196.27 64.27 204.70 55.79 11.43 Aug 11.35 195.60 63.93 203.75 55.89 11.24 Major Exporters 3/ Jul 6.32 75.55 0.04 28.00 47.55 6.36 Aug 6.32 75.55 0.04 28.10 47.55 6.26 Argentina Jul 2.69 34.00 0.00 3.30 30.50 2.89 Aug 2.69 34.00 0.00 3.40 30.50 2.79 Brazil Jul 3.36 33.95 0.03 18.95 15.20 3.19 Aug 3.36 33.95 0.03 18.95 15.20 3.19 India Jul 0.28 7.60 0.02 5.75 1.85 0.29 Aug 0.28 7.60 0.02 5.75 1.85 0.29 Major Importers 4/ Jul 1.67 22.79 40.29 62.36 0.60 1.79 Aug 1.67 22.71 40.23 62.20 0.60 1.81 European Union Jul 0.40 12.64 19.00 31.34 0.35 0.35 Aug 0.40 12.64 19.00 31.34 0.35 0.35 Mexico Jul 0.05 4.70 2.13 6.75 0.02 0.12 Aug 0.05 4.70 2.13 6.75 0.02 0.12 Southeast Asia 5/ Jul 1.13 3.61 17.38 20.67 0.23 1.23 Aug 1.13 3.54 17.32 20.51 0.23 1.26 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -Septe mber year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Uni on, Southeast Asia, and Japan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. August 2019 WASDE - 591 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 3.79 55.18 9.79 54.71 10.50 3.56 World Less China 3.12 39.06 9.31 38.21 10.29 2.99 United States 0.78 10.78 0.15 9.70 1.11 0.91 Total Foreign 3.01 44.40 9.64 45.01 9.40 2.65 Major Exporters 3/ 0.74 19.35 0.33 12.28 7.25 0.89 Argentina 0.28 7.24 0.00 3.08 4.13 0.31 Brazil 0.29 8.54 0.05 6.94 1.51 0.42 European Union 0.16 2.84 0.28 2.23 0.90 0.16 Major Importers 4/ 1.37 18.44 5.86 24.48 0.27 0.91 China 0.67 16.13 0.48 16.50 0.21 0.57 India 0.48 1.39 2.98 4.72 0.01 0.12 North Africa 5/ 0.13 0.70 1.53 2.18 0.06 0.13 2018/19 Est. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ 3.56 56.04 11.08 55.64 11.26 3.78 World Less China 2.99 40.81 10.33 39.76 11.10 3.27 United States 0.91 10.88 0.18 10.25 0.93 0.79 Total Foreign 2.65 45.15 10.90 45.39 10.33 2.99 Major Exporters 3/ 0.89 20.10 0.41 12.20 8.06 1.15 Argentina 0.31 8.00 0.00 2.68 5.30 0.33 Brazil 0.42 8.21 0.05 7.13 1.15 0.40 European Union 0.16 3.15 0.35 2.36 0.90 0.41 Major Importers 4/ 0.91 17.96 6.82 24.46 0.25 0.98 China 0.57 15.23 0.75 15.89 0.16 0.51 India 0.12 1.71 3.40 5.05 0.01 0.18 North Africa 5/ 0.13 0.73 1.63 2.28 0.08 0.13 2019/20 Proj. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ Jul 3.63 57.52 11.43 57.14 11.87 3.57 Aug 3.78 57.41 11.68 57.25 11.90 3.72 World Less China Jul 3.13 42.11 10.33 40.75 11.75 3.07 Aug 3.27 42.18 10.58 41.03 11.78 3.22 United States Jul 0.85 11.13 0.20 10.71 0.78 0.70 Aug 0.79 11.13 0.20 10.66 0.78 0.68 Total Foreign Jul 2.78 46.39 11.23 46.44 11.09 2.87 Aug 2.99 46.28 11.48 46.59 11.12 3.04 Major Exporters 3/ Jul 1.07 20.87 0.38 12.43 8.82 1.08 Aug 1.15 20.87 0.38 12.43 8.82 1.15 Argentina Jul 0.38 8.70 0.00 2.84 5.85 0.39 Aug 0.33 8.70 0.00 2.84 5.85 0.34 Brazil Jul 0.35 8.39 0.05 7.20 1.25 0.34 Aug 0.40 8.39 0.05 7.20 1.25 0.39 European Union Jul 0.33 3.04 0.33 2.36 1.00 0.34 Aug 0.41 3.04 0.33 2.36 1.00 0.42 Major Importers 4/ Jul 0.86 18.16 7.06 24.92 0.21 0.94 Aug 0.98 18.00 7.31 25.06 0.21 1.02 China Jul 0.51 15.41 1.10 16.39 0.13 0.50 Aug 0.51 15.23 1.10 16.21 0.13 0.50 India Jul 0.18 1.71 3.50 5.15 0.01 0.23 Aug 0.18 1.71 3.50 5.15 0.01 0.23 North Africa 5/ Jul 0.13 0.73 1.66 2.32 0.08 0.12 Aug 0.13 0.73 1.66 2.32 0.08 0.12 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing yea rs and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to r ounding. August 2019 WASDE - 591 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2018 III 6,819 6,315 13,189 10,940 1,431 12,515 25,704 2,300 54.0 IV 6,862 7,031 13,952 10,588 1,518 12,239 26,191 2,331 53.4 Annual 26,872 26,315 53,417 42,601 5,878 49,018 102,435 9,115 217.6 2019 I 6,414 6,838 13,308 10,384 1,446 11,957 25,264 2,307 54.5 II 6,814 6,615 13,487 10,927 1,450 12,507 25,994 2,337 55.8 III* 6,920 6,760 13,735 11,200 1,460 12,797 26,532 2,325 53.9 IV* 6,895 7,420 14,373 10,800 1,530 12,460 26,833 2,355 53.8 Annual Jul Proj. 27,129 27,648 55,004 43,109 5,866 49,514 104,517 9,364 218.2 Aug Proj. 27,043 27,633 54,903 43,311 5,886 49,721 104,624 9,324 217.9 2020 I* 6,565 7,115 13,737 10,475 1,455 12,056 25,793 2,310 55.4 II* 7,005 6,785 13,846 11,050 1,465 12,657 26,503 2,340 56.5 Annual Jul Proj. 27,420 28,410 56,058 43,350 5,900 49,796 105,854 9,410 221.8 Aug Proj. 27,565 28,410 56,203 43,800 5,930 50,276 106,479 9,410 221.4 * Projection. 1/ Commercial production for red meats; feder ally inspected for poultry meats. 2/ Beef, pork, veal and lamb & mutton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2018 III 110.83 43.90 93.7 80.4 120.8 16.17 IV 115.32 42.77 86.7 81.4 125.6 17.07 Annual 117.12 45.93 97.8 80.2 137.6 16.26 2019 I 125.27 40.67 94.0 82.8 107.3 16.97 II 118.79 57.95 97.7 85.5 69.7 17.93 III* 110.00 53.00 80.0 91.0 68.0 18.90 IV* 112.00 52.00 75.0 94.0 89.0 19.45 Annual Jul Proj. 115.5 51.5 88.0 87.5 85.5 18.20 Aug Proj. 116.5 51.0 86.5 88.5 83.5 18.30 2020 I* 124.00 56.00 90.0 86.0 84.0 18.80 II* 122.00 61.00 101.0 88.0 85.0 18.60 Annual Jul Proj. 119 59 94 90 100 18.85 Aug Proj. 119 59 92 90 97 18.80 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8 -16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. August 2019 WASDE - 591 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2018 649 26,938 2,998 30,585 3,161 662 26,762 57.2 2019 Proj. Jul 662 27,195 3,048 30,905 3,151 665 27,090 57.6 Aug 662 27,109 3,045 30,816 3,151 660 27,005 57.4 2020 Proj. Jul 665 27,486 2,960 31,111 3,245 665 27,201 57.5 Aug 660 27,631 2,960 31,251 3,245 665 27,341 57.8 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2018 554 26,330 1,042 27,926 5,876 559 21,491 50.9 2019 Proj. Jul 559 27,662 974 29,195 6,441 565 22,189 52.3 Aug 559 27,647 956 29,162 6,455 600 22,107 52.1 2020 Proj. Jul 565 28,424 935 29,924 6,945 575 22,404 52.5 Aug 600 28,424 915 29,939 6,945 650 22,344 52.3 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2018 1,246 53,507 4,313 59,066 9,043 1,266 48,757 109.5 2019 Proj. Jul 1,266 55,093 4,294 60,653 9,599 1,268 49,786 111.2 Aug 1,266 54,992 4,271 60,529 9,613 1,301 49,615 110.8 2020 Proj. Jul 1,268 56,148 4,166 61,582 10,197 1,279 50,106 111.2 Aug 1,301 56,293 4,144 61,738 10,197 1,354 50,187 111.4 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2018 856 42,145 139 43,140 7,069 845 35,227 92.4 2019 Proj. Jul 845 42,648 133 43,625 7,137 845 35,644 92.9 Aug 845 42,848 128 43,820 7,121 845 35,854 93.5 2020 Proj. Jul 845 42,886 132 43,863 7,250 840 35,773 92.7 Aug 845 43,331 132 44,308 7,250 840 36,218 93.9 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2018 310 5,878 19 6,206 611 303 5,293 16.2 2019 Proj. Jul 303 5,866 16 6,184 627 290 5,268 16.0 Aug 303 5,886 15 6,204 627 295 5,281 16.0 2020 Proj. Jul 290 5,900 16 6,206 630 305 5,271 15.9 Aug 295 5,930 16 6,241 630 310 5,301 16.0 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2018 1,170 48,562 160 49,892 7,764 1,153 40,975 110.0 2019 Proj. Jul 1,153 49,052 152 50,356 7,835 1,142 41,379 110.4 Aug 1,153 49,257 145 50,555 7,827 1,147 41,582 110.9 2020 Proj. Jul 1,142 49,332 151 50,625 7,952 1,153 41,520 110.1 Aug 1,147 49,807 151 51,105 7,960 1,158 41,987 111.3 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2018 2,416 102,069 4,473 108,958 16,807 2,419 89,732 219.5 2019 Proj. Jul 2,419 104,145 4,445 111,009 17,434 2,410 91,165 221.5 Aug 2,419 104,249 4,417 111,085 17,440 2,448 91,197 221.7 2020 Proj. Jul 2,410 105,479 4,317 112,206 18,149 2,432 91,625 221.3 Aug 2,448 106,1 00 4,295 112,843 18,157 2,512 92,174 222.7 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; cer tified ready -to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready -to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. August 2019 WASDE - 591 - 33 U.S. Egg Supply and Use Commodity 2017 2018 2019 Proj. 2019 Proj. 2020 Proj. 2020 Proj. Jul Aug Jul Aug Eggs Million Dozen Supply Beginning Stocks 142.2 87.5 78.8 78.8 92.0 95.0 Production 8,942.7 9,114.6 9,363.8 9,324.0 9,410.0 9,410.0 Imports 34.2 17.8 18.1 16.5 18.0 16.0 Total Supply 9,119.1 9,220.0 9,460.7 9,419.3 9,520.0 9,521.0 Use Exports 354.9 333.1 301.8 314.3 280.0 300.0 Hatching Use 1,035.2 1,057.5 1,076.4 1,068.1 1,090.0 1,090.0 Ending Stocks 87.5 78.8 92.0 95.0 95.0 95.0 Disappearance Total 7,641.5 7,750.6 7,990.4 7,941.8 8,055.0 8,036.0 Per Capita (number) 281.8 284.0 291.1 289.3 291.7 291.0 Tota l U.S. Milk Supply and Use Commodity 2017 2018 2019 Proj. 2019 Proj. 2020 Proj. 2020 Proj. Jul Aug Jul Aug Milk Billion Pounds Production 215.5 217.6 218.2 217.9 221.8 221.4 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 12.7 13.4 13.8 13.8 13.1 13.0 Marketings 214.5 216.6 217.2 216.9 220.8 220.3 Imports 6.0 6.3 6.9 7.2 6.8 7.0 Total Cml. Supply 233.2 236.3 237.8 237.8 240.7 240.3 Fat Basis Use Commercial Exports 9.2 10.4 9.5 9.4 10.2 9.9 Ending Commercial Stocks 13.4 13.8 13.1 13.0 13.1 13.0 CCC Donations 0.0 0.0 0.2 0.2 0.0 0.0 Domestic Commercial Use 210.6 212.1 215.1 215.2 217.4 217.5 Skim -solid Basis Supply Beg. Commercial Sto cks 9.5 11.8 10.7 10.7 10.0 10.0 Marketings 214.5 216.6 217.2 216.9 220.8 220.3 Imports 6.1 5.5 5.4 5.5 5.0 5.2 Total Cml. Supply 230.1 233.8 233.2 233.1 235.8 235.5 Skim -solid Basis Use Commercial Exports 40.8 44.7 41.3 40.6 42.9 42.4 Endi ng Commercial Stocks 11.8 10.7 10.0 10.0 10.1 10.1 CCC Donations 0.0 0.0 0.2 0.2 0.0 0.0 Domestic Commercial Use 177.5 178.5 181.7 182.3 182.8 183.1 Tota l Note: Totals may not add due to rounding. August 2019 WASDE - 591 - 34 U.S. Dairy Prices Commodity 2017 2018 2019 Proj. 2019 Proj. 2020 Proj. 2020 Proj. Jul Aug Jul Aug Product Prices 1/ Dollars Per Pound Cheese 1.6344 1.5377 1.660 1.685 1.730 1.725 Butter 2.3303 2.2572 2.315 2.320 2.345 2.335 Nonfat Dry Milk 0.8666 0.7945 1.020 1.005 1.045 1.015 Dry Whey 0.4437 0.3422 0.375 0.380 0.360 0.360 Filler Dollars Per Cwt Milk Prices 2/ Class III 16.17 14.61 16.05 16.30 16.65 16.55 Class IV 15.16 14.23 16.45 16.30 16.75 16.45 All Milk 3/ 17.65 16.26 18.20 18.30 18.85 18.80 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of mo nthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly pric es received by farmers for milk at average test. 3/ Does not reflect any deductions from producer s as authorized by legislation. August 2019 WASDE - 591 - 35 Reliability of August Projections 1/ Note: Tables on pages 35 -37 present a record of the August projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by mo re than 2.3 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exc eed 3.9 percent. The average difference between the August projection and the final estimate is 10.8 million tons, ranging from 0.2 million to 32.1 million tons. The August projection has been below the estima te 26 times and above 12 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 2.3 3.9 10.8 0.2 32.1 26 12 U.S. 2.3 3.9 1.1 0.0 4.2 16 22 Foreign 2.6 4.3 10.6 0.6 31.1 26 12 Exports World 5.8 9.9 6.2 0.4 19.1 28 10 U.S. 11.1 18.8 2.7 0.0 10.0 17 20 Foreign 7.2 12.3 6.0 0.3 20.5 27 11 Domestic Use World 1.8 3.1 7.9 0.2 23.4 20 18 U.S. 7.5 12.7 2.0 0.0 5.5 12 26 Foreign 1.8 3.1 7.7 0.2 22.0 23 15 Ending Stocks World 9.2 15.7 11.2 0.3 31.2 29 9 U.S. 15.4 26.1 3.0 0.5 12.6 24 14 Foreign 9.9 16.8 9.6 0.2 28.7 29 9 COARSE GRAINS 2/ Production World 2.4 4.1 18.6 0.4 53.7 29 9 U.S. 6.1 10.4 9.6 0.0 31.4 24 14 Foreign 2.6 4.3 15.1 0.7 58.4 26 12 Exports World 7.2 12.2 6.9 0.1 23.8 26 12 U.S. 21.1 35.7 7.5 0.4 19.7 16 22 Foreign 14.4 24.4 7.8 1.4 19.9 25 13 Domestic Use World 1.7 2.9 13.4 0.2 36.8 22 16 U.S. 4.2 7.1 6.9 0.2 17.0 22 16 Foreign 1.9 3.2 11.8 1.1 39.2 24 14 Ending Stocks World 16.5 28.1 21.6 0.1 171.8 30 8 U.S. 28.6 48.5 10.1 0.3 43.5 19 19 Foreign 17.2 29.2 15.8 0.2 154.8 30 8 RICE, milled Production World 2.3 3.9 6.6 0.1 24.4 25 13 U.S. 5.4 9.1 0.3 0.0 0.6 20 18 Foreign 2.4 4.0 6.6 0.4 24.7 26 12 Exports World 9.1 15.4 1.7 0.0 6.9 27 11 U.S. 11.6 19.7 0.2 0.0 1.0 19 17 Foreign 10.1 17.2 1.6 0.1 6.8 26 12 Domestic Use World 1.8 3.1 4.3 0.1 23.5 29 9 U.S. 8.5 14.4 0.2 0.0 0.5 17 21 Foreign 1.9 3.2 4.3 0.0 24.0 28 10 Ending Stocks World 12.5 21.2 6.2 0.1 27.3 30 8 U.S. 29.1 49.4 0.2 0.0 1.0 23 14 Foreign 13.5 22.8 6.2 0.1 27.1 30 8 1/ Footnotes at end of table. CONTINUED August 2019 WASDE - 591 - 36 Reliability of August Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 4.7 8.0 7.3 0.3 26.7 22 16 U.S. 6.1 10.3 3.3 0.0 11.1 21 16 Foreign 7.6 12.9 6.8 1.1 26.4 19 19 Exports World 7.1 12.0 3.2 0.2 11.6 25 13 U.S. 12.5 21.2 3.0 0.0 9.8 22 15 Foreign 19.4 33.0 2.7 0.0 9.4 19 19 Domestic Use World 3.5 6.0 4.9 0.0 15.9 24 14 U.S. 5.1 8.6 1.8 0.0 4.6 25 13 Foreign 4.1 6.9 4.4 0.6 11.3 23 15 Ending Stocks World 16.9 28.6 4.8 0.1 23.5 20 18 U.S. 45.4 77.0 2.7 0.3 7.3 13 25 Foreign 19.0 32.2 4.5 0.2 21.3 22 16 COTTON Million 480 -Pound Bales Production World 5.0 8.5 3.5 0.0 13.2 21 16 U.S. 7.5 12.8 1.0 0.0 3.9 19 18 Foreign 5.5 9.3 3.1 0.0 10.9 21 16 Exports World 9.7 16.4 2.3 0.1 10.2 18 20 U.S. 21.7 36.8 1.2 0.0 3.2 20 18 Foreign 12.5 21.3 1.8 0.1 8.5 20 18 Domestic Use World 4.0 6.8 3.1 0.3 14.2 15 23 U.S. 9.1 15.4 0.4 0.0 1.3 18 17 Foreign 4.1 6.9 3.0 0.3 13.4 16 22 Ending Stocks World 14.9 25.3 5.4 0.2 14.2 26 12 U.S. 40.2 68.2 1.4 0.0 5.1 14 23 Foreign 15.1 25.6 4.8 0.1 14.0 28 10 1/ Marketing years 1981/82 through 2018/19 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2017/18, and for 2018/19 the last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. August 2019 WASDE - 591 - 37 Reliability of United States August Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square err or confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 6.6 11.2 358 1 1,079 23 15 Exports 21.9 37.2 267 12 750 16 22 Domestic Use 4.6 7.8 280 10 590 24 14 Ending Stocks 33.9 57.6 373 12 1,674 18 20 SORGHUM Production 8.0 13.6 33 1 108 20 18 Exports 33.6 57.0 42 1 160 18 20 Domestic Use 26.3 44.6 43 0 130 18 18 Ending Stocks 54.7 92.8 37 2 201 15 23 BARLEY Production 6.2 10.4 15 1 67 14 24 Exports 66.0 112.0 13 0 82 16 18 Domestic Use 10.1 17.2 24 0 82 12 25 Ending Stocks 19.2 32.6 21 0 94 18 19 OATS Production 9.9 16.8 13 1 57 7 31 Exports 96.9 164.4 1 0 8 9 12 Domestic Use 6.7 11.3 14 1 39 11 27 Ending Stocks 23.8 40.4 15 2 40 17 21 SOYBEAN MEAL Thousand Short Tons Production 5.0 8.6 1,363 32 3,669 27 11 Exports 16.0 27.1 960 50 3,500 24 14 Domestic Use 4.1 6.9 809 24 3,800 23 15 Ending Stocks 43.2 73.3 52 0 428 12 14 SOYBEAN OIL Million Pounds Production 5.0 8.5 669 11 2,290 25 13 Exports 32.9 55.8 391 0 1,575 17 18 Domestic Use 4.2 7.2 473 8 2,200 25 13 Ending Stocks 33.0 55.9 468 0 1,472 20 17 ANIMAL PROD. Million Pounds Beef 4.1 7.0 813 110 2,536 25 12 Pork 3.0 5.1 404 10 1,375 22 15 Broilers 2.2 3.8 563 49 1,338 20 17 Turkeys 3.8 6.4 145 2 458 21 16 Million Dozen Eggs 1.9 3.2 108 4 394 25 12 Billion Pounds Milk 1.6 2.8 1.9 0.0 7.0 19 13 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2018/19 f or grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2017/18, and for 2018/19 the last month’s estimate. Calendar years 1982 through 2018 for meat s, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1994 -2018. WASDE -591-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 He ctare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 USDA NASS Data Users’ Meeting Tuesday, October 15 , 2019 American Farm Bureau Federation 600 Maryland Ave SW #1000w Washington, DC 20024 USDA’s National Agricultural Statistics Service will hold an open forum for users of U.S . domestic and international agriculture data. NASS is organizing the Data Users’ Meeting in cooperation with five other USDA agencies – Agricultural Marketing Service, Economic Research Service, Farm Service Agency, Foreign Agricultural Service, and World Agricultural Outlook Board – and the Census Bureau’s Foreign Trade Division. Agency representatives will provide updates on recent and pending changes in statistical and information programs important to agriculture, answer questions, and welcome comments and input from data users. For registration details and additional information about the Data Users’ Meeting, see the meeting page on the NASS website ( https://www.nass.usda.gov/Education_and_Outreach/Meeting/index.php ). Contact Vernita Murray (NASS) at 202 -690- 8141 or [email protected] or Patricia Snipe (NASS) at 202-720- 2248 or [email protected] for information. USDA Data Users ’ Meeting For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ To subscribe to receive WASDE -related notifications signup at https://www .usda.gov/oce/commodity/wasde/ Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at 202 -720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE- 591 – August 12, 2019 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with di sabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202 - 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250 -9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 565 Approved by the World Agricultural Outlook Board May 10, 2017 Note: This report presents USDA’s initial assessment of U.S. and world crop supply and demand prospects and U.S. prices for 201 7/18. Also presented are the first calendar -year 2018 projections of U.S. livestock, poultry, and dairy products. Due to spring planting still underway in the Northern Hemisphere , and being several months away in the Southern Hemisphere, these projections are highly tentative. Forecasts for U.S. winter wheat area, yield, and production are from the May 1 0 Crop Production report. For other U.S. crops, the March 31 Prospective Plantings report is used for planted acreage. Methods used to project 2017 /18 harvested acreage and yield are noted in each table. WHEAT: U.S. wheat supplies for 2017/18 are projected down 9 percent from 2016/17 on lower production, which is partially offset by higher beginning stocks. All wheat production for 2017/18 is projected at 1,820 million bushels, down nearly 500 million bushels fr om the prior year. The year -to-year decline is due to a sharp reduction in planted area and projected lower yields. The all wheat yield is projected at 47.2 bushels per acre, down 10 percent from last year’s record. The first survey -based forecast for 2017/18 winter wheat production is down sharply with the lowest harvested area in more than a century and lower yields. Winter wheat benefited from diminishing drought conditions in the Plains and Midwest. However, a late April snow storm affected large portions of the Hard Red Winter wheat belt, especially western Kansas. Combined spring wheat and Durum production for 2017/18 is projected to decline 10 percent on lower area and a return to trend yields. Total use for 2017/18 is projected down 2 percent on lower exports and feed and residual use. Exports are projected at 1.0 billion bushels, down 35 million from the previous year’s revised level but above the five-year average. The EU is expected to regain export market share following last year’s sma ll crop and quality problems. U.S. feed and residual use is projected down 20 million bushels on lower supplies. U.S. ending stocks are projected to decline 245 million bushels to 914 million, the lowest in three years. The season -average farm price is projected at $3.85 to $4.65 per bushel. The mid- point of this range is up $0.35 from the previous year’s low level. Global wheat supplies are projected to decline fractionally as higher beginning stocks are more than offset by a production decline foll owing last year’s record. Total wheat production is projected at 737.8 million tons, the second highest total on record. Global wheat consumption is projected down slightly from last year’s record with reduced feed and residual usage partially offset by increased food use. Global imports are expected to be a record for the fifth consecutive year. Global ending stocks are projected at a record 258.3 million tons, up 2.9 million from 2016/17. COARSE GRAINS: The U.S. feed -grain outlook for 2017/18 is f or lower production, domestic use, exports and ending stocks. The corn crop is projected at 14.1 billion bushels, down from last year’s record high with a lower forecast area and yield. The yield projection of 170.7 bushels per acre is based on a weather -adjusted trend assuming normal planting progress and summer weather, estimated using the 1988- 2016 time period. The yield model includes a downward stochastic adjustment to account for the asymmetric response of yield to July precipitation. The smaller corn crop is partly offset by the largest projected beginning stocks since 1988/89, leaving total corn supplies down from a year ago but still the second highest on record. Total U.S. corn use in 2017/18 is forecast to decline 2 percent from a year ago as a slight increase in domestic use is more than offset by lower exports. Food, seed, and industrial (FSI) use is projected to rise 80 million bushels to 7.0 billion due to increased use of corn to produce ethanol for fuel and expected WASDE- 565-2 growth in non- ethanol FSI. Corn used to produce ethanol is up 50 million bushels, reflecting expectations of gasoline consumption growth, reduced sorghum used to produce ethanol, higher expected blending and continued global ethanol import demand. Projected feed and residual use declines as a smaller crop and increased use of ethanol by -products more than offsets growth in grain consuming animal units. U.S. corn exports are down 350 million bushels, as a 1.0- billion -bushel year -over-year increase in the combined corn exports of Brazil and Argentina during 2016/17 (local marketing years beginning in March 2017 and ending February 2018) is expected to cut into the 2017/18 U.S. shipping season. With total supply falling faster than use, 2017/18 U.S. ending stocks of corn are dow n 185 million bushels. The season -average farm price is projected at $3.00 to $3.80 per bushel, unchanged at the midpoint from 2016/17. The global coarse grain outlook for 2017/18 is for lower production, increased use and sharply reduced ending stocks. Corn production is forecast down from a year ago, with the largest declines in China and the United States. Partly offsetting are larger crops projected for the EU and Canada. Global corn use is up 9 million tons (1 percent), while global corn imports are projected to increase 7 million tons. Notable increases in corn imports include Vietnam, Egypt, the EU, Saudi Arabia, Mexico and Iran. Global corn ending stocks are down from last year’s record high and if realized would be the lowest since 2013/14. The drop largely reflects forecast declines for China and the United States. For China, total corn supply is down 14 million tons in 2017/18, based on projected declines in beginning stocks and production. Area is reduced based on planting intentions published by the National Bureau of Statistics. On the demand side, feed and residual use is expected to increase based on continued relatively low internal market prices, efforts by the government to promote use of domestic supplies and reduced imports of corn substitutes. Projected FSI use is higher based on expectations of growth in domestic use and exports of corn -based industrial products. RICE : U.S. 2017/18 all rice production is forecast at 201.0 mill ion cwt, down 23.1 million from the previous year, all on a large reduction in long grain acreage as indicated by the NASS Prospective Plantings survey issued March 31. The forecast 2017/18 yields are based on long- term historical trends and are higher for long grain but slightly lower for combined medium - and short -grain. Total 2017/18 rice supplies are forecast to decrease 7 percent from the previous year to 273.1 million cwt, primarily on the reduction in long grain. U.S. 2017/18 total use is projected at 235.0 million cwt, down 4 percent from last year with both domestic and residual use and exports projected lower. Long- grain exports are projected at 76.0 million cwt, down 3.0 million from 2016/17 on reduced exportable supplies. Combined mediu m- and short -grain exports are projected at 34.0 million cwt, down 1 million on increased export competition from Australia and Egypt. All rice 2017/18 ending stocks are projected at 38.1 million cwt, down 21 percent from last year. Long- grain stocks are projected at 20.7 million cwt, down 8 million from 2016/17, while combined medium - and short - grain are projected 2 million cwt lower at 14.6 million. The 2017/18 all rice season- average farm price is projected at $10.70 to $11.70/cwt, up $0.80 from the previous year’s revised midpoint. Total 2017/18 global supplies are at 599.9 million tons, up 2.6 million from 2016/17, based on larger carry -in stocks. World 2017/18 rice production is projected at 481.3 million tons, down fractionally from last year’s record output. Total world rice consumption is projected at a record 480.1 million tons, up from the revised 2016/17 level of 478.7 million. Global exports are projected at 42.2 million tons, up 0.8 million from 2016/17. Thailand and India are expected to be the leading rice exporters for 2017/18, both at 10.0 million tons. World 2017/18 ending stocks are projected at 119.8 million tons, up marginally from 2016/17. China continues to hold the majority of global rice stocks as its growing production and large imports continue to outpace consumption. OILSEEDS : The 2017/18 outlook for U.S. soybeans is for higher supplies, crush, exports, and ending stocks. The soybean crop is projected at 4,255 million bushels, down 52 million from last year’s record crop with a forecast lower trend yield more than offsetting higher harvested area. With sharply higher beginning stocks, soybean supplies are projected at 4,715 million bushels, up 4 percent from 2016/17. WASDE- 565-3 The U.S. soybean crush for 2017/18 is projected at 1,950 million bushels, up 25 million from the revised 2016/17 forecast. Domestic soybean meal disappearance is forecast to increase with expected gains in U.S. meat production. U.S. soybean meal exports are forecast at 12.4 million short tons, leaving the U.S share of global trade slightly lower than in 2016/17. With increased supplies and lower projected prices, U.S. soybean exports are forecast at 2,150 million bushels, up 100 million from the revised 2016/17 projection. Despite sharply higher beg inning stocks in South America this fall, a smaller projected harvest in early 2018 leaves 2017/18 total supplies almost unchanged from 2016/17, limiting projected gains for South American soybean exports. With forecast global soybean import growth of 5 p ercent, the U.S. soybean export share is projected at 39 percent, up slightly from 2016/17 and near the 5- year average. U.S. ending stocks for 2017/18 are projected at 480 million bushels, up 45 million from the revised 2016/17 forecast. The 2017/18 U.S. season -average soybean price range is forecast at $8.30 to $10.30 per bushel compared with $9.55 per bushel in 2016/17. Soybean meal prices are forecast at $295 to $335 per short ton, compared with $320 per ton for 2016/17. Soybean oil prices are forecast at 30.0 to 34.0 cents per pound compared with 31.75 cents for 2016/17. The 2017/18 global oilseed supply and demand forecasts include higher production, crush, and exports compared to last year. Global oilseed production is projected at 572.1 million tons, up 6.0 million from 2016/17. Growth in rapeseed, cottonseed, peanut, sunflowerseed, copra, and palm kernel is partly offset by lower soybean production. Soybean production is projected down 3.4 million tons to 344.7 million mainly on declines from last year’s records for the United States, Brazil, and Paraguay as yields return to trend levels. Conversely, soybean production is forecast up for Canada, China, Bolivia, and Ukraine. Rapeseed production is projected to increase 6 percent to 72.8 millio n with increases for Canada, the EU, Ukraine, and India. Global oilseed crush is forecast to increase 17 million tons to 486.0 million in 2017/18 driven by higher demand for protein meals and oils. Global protein meal consumption is projected to expand 4 percent in 2017/18. China’s soybean meal equivalent consumption is expected to grow at 5 percent, similar to last year but below the prior 5 -year average. Global vegetable oil consumption is projected at 189.0 million tons, up 5.4 million led by increas es for India and China. Soy oil production gains are expected for China and palm oil production gains for Indonesia and Malaysia. Global soybean exports are projected at 149.6 million tons, up 5.0 million from 2016/17. Imports are expected to grow for China, Egypt, Vietnam, and the EU. Lower global production has led to a 1.3- million - ton decrease in soybean stocks, particularly in Brazil and Argentina where stocks are expected to decline by 2.6 million tons combined. Partially offsetting are higher s tocks in the United States and Canada. SUGAR : U.S. fiscal year 2016/17 beet sugar production is decreased 64,000 short tons, raw value (STRV) based on lower expected sucrose recovery. Cane sugar production in Texas is reduced by 2,795 STRV based on fina l processor reporting. TRQ imports entering under Free Trade Agreements are increased by 2,555 STRV. Deliveries for human consumption are increased by 100,000 STRV based on pace to date. Ending stocks for 2016/17 are estimated at 1.477 million STRV. Sugar production for 2017/18 is projected at 8.700 million STRV, the sum of beet sugar production of 4.950 million and cane sugar production of 3.750 million. Imports for 2017/18 are projected at 3.858 million STRV and are comprised of TRQ imports of 1.373 million; re -export imports of 175,000; imports from Mexico of 2.301 million; and high- tier tariff imports of 10,000. Projected 2017/18 TRQ imports of specialty sugar include only the WTO minimum quantity because any additional quantities have not been announced by the Secretary of Agriculture. Exports for 2017/18 are projected at 25,000 STRV. Deliveries for human consumption are expected to increase 1.0 percent year -over-year to 12.322 million STRV. Ending stocks for 2017/18 are projected residually at 1.534 million, implying an ending stocks -to-use ratio of 12.3 percent. For 2016/17, Mexico sugar exports to non- U.S. destinations are reduced by 58,919 metric tons (MT) to 110,000 based on pace to date. Product re- export deliveries under the IMMEX program are increased 60,000 MT to 390,000 to match the total now estimated by Mexico authorities for 2015/16. Ending stocks are estimated residually at 1.342 million MT, an increase of 48,919 over last month. For 2017/18, Mexico WASDE- 565-4 sugar production is projected at 6.225 million MT based on a sugarcane crop of 55.000 million and a recovery of about 11.3 percent. Combined per capita consumption of sugar and HFCS for 2017/18 is projected the same as for 2016/17. With flat HFCS consumption, sugar deliveries for human consumption for 2017/18 are projected at 4.528 million. Exports to the United States are based on U.S. Needs as defined in the Suspension Agreements but, assuming additionally , that U.S. specialty sugar imports will be set at the same level as initiall y established for 2016/17. LIVESTOCK, POULTRY, AND DAIRY : Total red meat and poultry production for 2018 is projected higher than 2017 on increased livestock and poultry production. Cattle placements during second half 2017 and early 2018 are forecast higher; these cattle will be slaughtered during 2018, supporting higher beef production. Carcass weights are expected to be higher . Pork production is forecast higher on expected incre ased farrowings and continued gains in sow productivity. Higher broiler and egg production reflects expanded production in response to moderate feed prices and relatively strong 2017 prices. Turkey production is forecast higher as demand strengthens. Total red meat and poultry production for 2017 is reduced from the previous month on lower beef, pork and broiler production. Beef and pork production is reduced on lighter expected cattle and hog carcass weights. Broiler production is lowered on lower forecast second -quarter production. Turkey production is raised on higher first -quarter slaughter data. The 2017 egg production forecast is reduced on lower first -quarter table egg production and lower expected hatching production for the remainder of the year. For 2018, larger beef supplies and lower prices are expected to support s tronger U.S. beef exports . Beef imports are forecast higher as supplies of domestic processing- grade beef remain relatively tight and supplies of beef increase in key exporting countries. Pork exports are forecast to increase as expanding supplies and competitive prices support dem and for U.S. pork. U.S. pork imports are forecast to decline as domestic supplies are expected to pressure prices. Broiler and turkey exports are forecast higher on expected continued gains in foreign demand. The 2017 beef and pork export forecasts are raised as demand is expected to remain strong. The beef import forecast is raised on recent trade data for the first quarter, but pork imports are reduced. Changes to the 2017 poultry and egg trade forecast reflect first -quarter trade data. Cattle an d hog prices for 2018 are forecast to decline relative to 2017 as both cattle and hog supplies are expected to increase. Turkey and egg prices are forecast to increase in 2018 on increased demand. The 2018 broiler price is forecast lower, as production increases and supplies of competing meats are higher. The 2017 cattle and hog price forecasts are raised on recent price strength and expectations that demand will remain relatively firm through the year. The broiler price forecast is increased as second quarter prices are raised due to recent price strength. Turkey and egg prices are forecast lower for the remainder of the year as relatively large supplies pressure prices. Milk production for 2018 is forecast higher on stronger milk prices and moder ate feed prices. Commercial exports on fat and skim -solids bases are forecast higher on stronger global demand. Fat basis imports are forecast modestly higher in 2018 while skim -solids basis imports are forecast lower relative to 2017. Cheese and non- fat dry milk prices are forecast higher than 2017, but butter and whey prices are forecast lower. The i ncrease in the Class III price reflects higher forecast cheese prices which more than offset lower whey prices. The Class IV price is higher as the higher non-fat dry milk price more than offset lower butter prices. The all milk price is forecast at $17.55 to $18.55 per cwt for 2018. Forecast milk production in 2017 is lowered from the previous month on slower growth in milk per cow. Fat basis import s are lowered from the previous month while skim -solids basis imports are increased. Commercial exports are forecast higher for both fat and skim -solids bas es. Non -fat dry milk price forecasts are raised from last month while butter is lower. Cheese and whey prices are unchanged. The Class III price is unchanged while the Class IV is higher than the previous month. The milk price is forecast at $17.35 to $17.85 per cwt. WASDE- 565-5 NOTE: U.S. dairy import, export, and stock estimates are adjusted to reflect changes in fat basis and skim - solids basis conversions and changes in the products used for the aggregate stocks estimates. Historical revisions will be available after 1:00pm EDT at https://www.usda.gov/oce/commodity/wasde/historical.htm . Documentation of the changes is available at https://www.ers.usda.gov/data -products/dairy - data/documentation/ COTTON : A projected 2017/18 U.S. cotton crop of 19.2 million bales is expected to sharply increase next season’s ending stocks. Production is anticipated to rise 12 percent from 2016/17, based on 12.2 million planted acres as indicated in Prospective Plantings , combined with below -average abandonment − due to relatively favorable moisture − and average yields. Domestic mill use is projected higher at 3.4 million bales, while exports are expected to fall to 14.0 million, as competitors’ supplies grow. Ending stocks are projected at 5.0 million bales, or 29 percent of total use. The preliminary range for the marketing year average price received by producers is 54.0 to 74.0 cents per pound. For 2016/17, U.S. cotton production is reduced marginally from last month. The export forecast is increased to 14.5 million bales, reflecting higher -than-anticipated export sales to date, with ending stocks lowered accordingly. The world 2017/18 cotton projections show a decline in stocks of 2.4 million bales, as consumption exceeds production for the third consecutive season. Global production is expected to rise nearly 7 percent, despite marginally lower average yields, as area rebounds to its highest level in 3 years. Production is forecast to rise in all major producing countries, led by the United States (2.0 million bales higher ) and India (1.5 millio n bales higher) . Global consumption is projected to rise 2.3 percent, as a growing world economy drives mill use higher around the world. Projected world trade is raised slightly from 2016/17, as import -oriented consumers such as Vietnam and Bangladesh are accounting for a larger share of world consumption. Ending stocks are projected at 87.1 million bales, 75 percent of world consumption. Falling China stocks exceed the projected global decline while stocks outside of China rise for the second consecutive year. Despite the projected decrease, China stocks are still equivalent to more than 100 percent of China’s total disappearance. For 2016/17, world production is reduced marginally from last month, while consumption is raised slightly. Ending stocks lower ed 1.4 million bales. Consumption and imports are slightly higher in China, and ending stocks are lower in India, the United States, and China. Approved by the Secretary of Agriculture and t he Chairman of the World Agricultural Outlook Board, Seth D. Meyer , (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY : MICHAEL YOUNG SECRETARY OF AGRICULTURE DESIGNATE WASDE- 565-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers , ICEC Chair, WAOB, E -mail: wchambers @oce.usda.gov Jennifer Bond, ERS; Andrew Sowell, FAS; Pete Riley, FSA . Rice: William Chambers , ICEC Chair, WAOB, E-mail: wchambers @oce.usda.gov Nathan Childs, ERS; Rachel Trego, FAS; Pete Riley, FSA . Feed Grains: Michael Jewison , ICEC Chair, WAOB, E-mail: [email protected] Tom Capehart, ERS; Yoonhee Macke, FAS; Susan Proper, FSA . Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail: [email protected] Mark Ash, ERS; Bill George, FAS; Susan Proper, FSA . Cotton: Stephen MacDonald, ICEC Chair, WAOB, E -mail: [email protected] Leslie Meyer, ERS; James Johnson, FAS; Sherrie Grimm, FSA . Sugar: Stephen Haley , ICEC Chair, WAOB, E -mail: shaley @oce.usda.gov Michael McConnell, ERS; Ro n Lord, FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Lindsay Kuberka, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] da.gov Larry Haller, AMS; Sean Ramos, ERS; Tyler Cozzens, FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E -mail: [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Milton Madison, FSA. In 2017, the WASDE report will be released on Jun. 9, Jul. 12, Aug. 10, Sep. 12, Oct. 12, Nov. 9, Dec. 12. WASDE- 565-7 T A B L E OF C O N T E N T S Page Highlights ................................ ................................ ................................ ............. 1 Interagency Commodity Estimates Committees ................................ .................... 6 World & U.S. Supply & Use for Grains ................................ ................................ .. 8 World & U.S. Supply & Use for Cotton ................................ ................................ .. 9 World & U.S. Supply & Use for Oilseeds ................................ ............................ 10 U.S. Wheat Supply & Use ................................ ................................ .................. 11 U.S. Wheat Supply & Use by Class ................................ ................................ .... 11 U.S. Feed Grain & Corn Supply & Use ................................ ............................... 12 U.S. Sorghum, Barley & Oats Supply & Use ................................ ....................... 13 U.S. Rice Supply & Use ................................ ................................ ..................... 14 U.S. Soybeans & Products Supply & Use ................................ ........................... 15 U.S. Sugar Supply & Use ................................ ................................ ................... 16 Mexico Sugar Supply and Use ................................ ................................ ........... 16 U.S. Cotton Supply & Use ................................ ................................ .................. 17 World Wheat Supply & Use ................................ ................................ ................ 18 World Coarse Grains Supply & Use ................................ ................................ .... 20 World Corn Supply & Use ................................ ................................ .................. 22 World Rice Supply & Use ................................ ................................ ................... 24 World Cotton Supply & Use ................................ ................................ ................ 26 World S oybean Supply & Use ................................ ................................ ............ 28 World Soybean Meal Supply & Use ................................ ................................ .... 29 World Soybean Oil Supply & Use ................................ ................................ ....... 30 U.S. Quarterly Animal Product Production ................................ .......................... 31 U.S. Quarterly Prices for Animal Products ................................ .......................... 31 U.S. Meats Supply and Use ................................ ................................ ............... 32 U.S. Egg Supply & Use ................................ ................................ ...................... 33 U.S. Milk Supply and Use ................................ ................................ .................. 33 U.S. Dairy Prices ................................ ................................ ............................... 34 Reliability Tables ................................ ................................ ................................ 35 Related USDA Reports ................................ ................................ ...................... 38 Metric Conversion Factors ................................ ................................ ................. 38 Electronic Access and Subscriptions ...................................................................... 40 May 2017 WASDE - 565 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2015/16 2467.12 3046.12 377.07 2439.19 606.93 2016/17 (Est.) 2592.72 3199.65 416.95 2566.25 633.40 filler filler filler filler filler 2017/18 (Proj.) Apr NA NA NA NA NA 2017/18 (Proj.) May 2530.95 3164.35 406.45 2564.91 599.44 filler filler filler filler filler Wheat 2015/16 737.00 954.50 172.85 712.08 242.42 2016/17 (Est.) 753.09 995.51 179.74 740.16 255.35 filler filler filler filler filler 2017/18 (Proj.) Apr NA NA NA NA NA 2017/18 (Proj.) May 737.83 993.18 178.35 734.89 258.29 filler filler filler filler filler Coarse Grains 5/ 2015/16 1258.29 1504.76 163.69 1255.94 248.82 2016/17 (Est.) 1358.09 1606.91 195.79 1347.42 259.49 filler filler filler filler filler 2017/18 (Proj.) Apr NA NA NA NA NA 2017/18 (Proj.) May 1311.83 1571.32 185.93 1349.93 221.38 filler filler filler filler filler Rice, milled 2015/16 471.83 586.86 40.52 471.17 115.69 2016/17 (Est.) 481.54 597.23 41.42 478.67 118.56 filler filler filler filler filler 2017/18 (Proj.) Apr NA NA NA NA NA 2017/18 (Proj.) May 481.30 599.86 42.17 480.09 119.77 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2015/16 429.26 506.00 81.59 348.28 76.14 2016/17 (Est.) 472.57 556.11 94.18 366.58 95.35 filler filler filler filler filler 2017/18 (Proj.) Apr NA NA NA NA NA 2017/18 (Proj.) May 426.31 529.36 83.56 363.25 82.55 filler filler filler filler filler Wheat 2015/16 56.12 79.67 21.09 32.02 26.55 2016/17 (Est.) 62.86 92.54 28.17 32.82 31.55 filler filler filler filler filler 2017/18 (Proj.) Apr NA NA NA NA NA 2017/18 (Proj.) May 49.54 84.49 27.22 32.41 24.86 filler filler filler filler filler Coarse Grains 5/ 2015/16 367.01 417.89 57.07 312.70 48.11 2016/17 (Est.) 402.60 454.24 62.39 329.57 62.28 filler filler filler filler filler 2017/18 (Proj.) Apr NA NA NA NA NA 2017/18 (Proj.) May 370.39 436.19 52.85 326.86 56.48 filler filler filler filler filler Rice, milled 2015/16 6.13 8.45 3.42 3.55 1.48 2016/17 (Est.) 7.12 9.34 3.62 4.19 1.53 filler filler filler filler filler 2017/18 (Proj.) Apr NA NA NA NA NA 2017/18 (Proj.) May 6.38 8.67 3.49 3.97 1.21 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sor ghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). May 2017 WASDE - 565 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2015/16 2,037.86 2,540.12 295.48 2,090.91 530.79 2016/17 (Est.) 2,120.14 2,643.54 322.78 2,199.67 538.05 filler filler filler filler filler 2017/18 (Proj.) Apr NA NA NA NA NA 2017/18 (Proj.) May 2,104.64 2,635.00 322.89 2,201.66 516.89 filler filler filler filler filler Wheat 2015/16 680.88 874.84 151.76 680.06 215.87 2016/17 (Est.) 690.23 902.97 151.58 707.34 223.80 filler filler filler filler filler 2017/18 (Proj.) Apr NA NA NA NA NA 2017/18 (Proj.) May 688.29 908.69 151.13 702.48 233.43 filler filler filler filler filler Coarse Grains 5/ 2015/16 891.28 1,086.87 106.62 943.24 200.71 2016/17 (Est.) 955.49 1,152.67 133.40 1,017.85 197.21 filler filler filler filler filler 2017/18 (Proj.) Apr NA NA NA NA NA 2017/18 (Proj.) May 941.43 1,135.12 133.08 1,023.07 164.91 filler filler filler filler filler Rice, milled 2015/16 465.70 578.41 37.10 467.61 114.22 2016/17 (Est.) 474.42 587.89 37.80 474.48 117.03 filler filler filler filler filler 2017/18 (Proj.) Apr NA NA NA NA NA 2017/18 (Proj.) May 474.92 591.19 38.67 476.12 118.56 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2015/16 96.76 208.51 35.30 111.22 97.14 2016/17 (Est.) 105.88 203.02 36.96 113.20 89.52 filler filler filler filler filler 2017/18 (Proj.) Apr NA NA NA NA NA 2017/18 (Proj.) May 113.22 202.75 37.63 115.75 87.14 filler filler filler filler filler United States 2015/16 12.89 16.57 9.15 3.45 3.80 2016/17 (Est.) 17.17 20.98 14.50 3.30 3.20 filler filler filler filler filler 2017/18 (Proj.) Apr NA NA NA NA NA 2017/18 (Proj.) May 19.20 22.41 14.00 3.40 5.00 filler filler filler filler filler Foreign 4/ 2015/16 83.87 191.93 26.14 107.77 93.34 2016/17 (Est.) 88.71 182.04 22.46 109.90 86.32 filler filler filler filler filler 2017/18 (Proj.) Apr NA NA NA NA NA 2017/18 (Proj.) May 94.02 180.34 23.63 112.35 82.14 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal t o world minus United States. See global cotton tables for treatment of export/import imbalances. May 2017 WASDE - 565 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2015/16 521.40 614.44 152.99 446.41 90.37 2016/17 (Est.) 566.02 656.40 166.93 469.02 101.71 filler filler filler filler filler 2017/18 (Proj.) Apr NA NA NA NA NA 2017/18 (Proj.) May 572.08 673.79 172.74 486.04 100.79 filler filler filler filler filler Oilmeals 2015/16 306.28 322.89 86.68 304.25 15.28 2016/17 (Est.) 321.33 336.61 90.05 316.53 16.09 filler filler filler filler filler 2017/18 (Proj.) Apr NA NA NA NA NA 2017/18 (Proj.) May 333.27 349.44 92.46 329.55 15.66 filler filler filler filler filler Vegetable Oils 2015/16 176.83 200.89 73.47 177.86 20.21 2016/17 (Est.) 186.07 206.28 77.56 183.61 18.53 filler filler filler filler filler 2017/18 (Proj.) Apr NA NA NA NA NA 2017/18 (Proj.) May 194.33 212.88 79.00 188.99 20.00 filler filler filler filler filler United States Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2015/16 115.88 123.76 53.79 55.05 6.87 2016/17 (Est.) 127.27 135.72 56.84 56.96 13.31 filler filler filler filler filler 2017/18 (Proj.) Apr NA NA NA NA NA 2017/18 (Proj.) May 126.80 141.74 59.63 58.04 14.59 filler filler filler filler filler Oilmeals 2015/16 42.87 47.23 11.21 35.74 0.28 2016/17 (Est.) 43.79 48.02 11.34 36.35 0.33 filler filler filler filler filler 2017/18 (Proj.) Apr NA NA NA NA NA 2017/18 (Proj.) May 44.86 49.16 11.61 37.22 0.33 filler filler filler filler filler Vegetable Oils 2015/16 11.21 17.04 1.25 14.55 1.24 2016/17 (Est.) 11.65 17.57 1.34 14.82 1.41 filler filler filler filler filler 2017/18 (Proj .) Apr NA NA NA NA NA 2017/18 (Proj.) May 11.81 17.97 1.32 15.16 1.49 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2015/16 405.52 490.68 99.21 391.35 83.50 2016/17 (Est.) 438.76 520.67 110.08 412.06 88.40 filler filler filler filler filler 2017/18 (Proj.) Apr NA NA NA NA NA 2017/18 (Proj.) May 445.28 532.05 113.11 428.00 86.19 filler filler filler filler filler Oilmeals 2015/16 263.42 275.66 75.47 268.51 15.01 2016/17 (Est.) 277.54 288.60 78.71 280.18 15.76 filler filler filler filler filler 2017/18 (Proj.) Apr NA NA NA NA NA 2017/18 (Proj.) May 288.41 300.28 80.85 292.33 15.33 filler filler filler filler filler Vegetable Oils 2015/16 165.62 183.86 72.22 163.31 18.97 2016/17 (Est.) 174.42 188.71 76.22 168.79 17.12 filler filler filler filler filler 2017/18 (Proj.) Apr NA NA NA NA NA 2017/18 (Proj.) May 182.53 194.91 77.68 173.84 18.51 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. May 2017 WASDE - 565 - 11 U.S. Wheat Supply and Use 1/ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Apr May Million Acres Area Planted 55.0 50.2 NA 46.1 * Area Harvested 47.3 43.9 NA 38.5 * Bushels Yield per Harvested Acre 43.6 52.6 NA 47.2 * Million Bushels Beginning Stocks 752 976 NA 1,159 Production 2,062 2,310 NA 1,820 Imports 113 115 NA 125 Supply, Total 2,927 3,400 NA 3,105 Food 957 955 NA 955 Seed 67 61 NA 66 Feed and Residual 152 190 NA 170 Domestic, Total 1,177 1,206 NA 1,191 Exports 775 1,035 NA 1,000 Use, Total 1,952 2,241 NA 2,191 Ending Stocks 976 1,159 NA 914 Avg. Farm Price ($/bu) 2/ 4.89 3.90 NA 3.85 - 4.65 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2016/17 (Est.) Beginning Stocks 446 272 157 74 28 976 Production 1,082 493 345 286 104 2,310 Supply, Total 3/ 1,532 802 540 367 159 3,400 Domestic Use 532 275 216 95 88 1,206 Exports 440 320 90 165 20 1,035 Use, Total 972 595 306 260 108 2,241 Ending Stocks, Total May 560 207 234 107 51 1,159 Ending Stocks, Total Apr 580 195 229 106 49 1,159 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. * Planted acres reported in the March 31, 2017, "Prospective Plantings." Harvested acres and yield for other spring wheat and Durum are projected using 10- year harvested -to-planted ratios by state and 1985- 2016 yield trends by state (except for Arizona, California, and Idaho Durum). Winter wheat harvested acres and yield reported in the May 1 0, 2017,"Crop Production." ********************************************************************************** Wheat -by-class projections for 2017/18 will first be published in the July 12, 2017, WASDE. ********************************************************************************** May 2017 WASDE - 565 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Apr May Million Acres Area Planted 103.2 106.6 NA 101.0 * Area Harvested 93.0 96.5 NA 90.5 * Metric Tons Yield per Harvested Acre 3.94 4.17 NA 4.09 Million Metric Tons Beginning Stocks 46.9 48.1 NA 62.3 Production 366.7 402.3 NA 370.1 Imports 3.7 3.3 NA 3.3 Supply, Total 417.4 453.7 NA 435.7 Feed and Residual 135.5 145.9 NA 141.5 Food, Seed & Industrial 176.7 183.2 NA 184.8 Domestic, Total 312.2 329.0 NA 326.4 Exports 57.1 62.4 NA 52.8 Use, Total 369.3 391.4 NA 379.2 Ending Stocks 48.1 62.3 NA 56.5 CORN 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. April May Million Acres Area Planted 88.0 94.0 NA 90.0 * Area Harvested 80.8 86.7 NA 82.4 * Bushels Yield per Harvested Acre 168.4 174.6 NA 170.7 * Million Bushels Beginning Stocks 1,731 1,737 NA 2,295 Production 13,602 15,148 NA 14,065 Imports 67 55 NA 50 Supply, Total 15,401 16,940 NA 16,410 Feed and Residual 5,123 5,500 NA 5,425 Food, Seed & Industrial 2/ 6,643 6,920 NA 7,000 Ethanol & by -products 3/ 5,224 5,450 NA 5,500 Domestic, Total 11,766 12,420 NA 12,425 Exports 1,898 2,225 NA 1,875 Use, Total 13,664 14,645 NA 14,300 Ending Stocks 1,737 2,295 NA 2,110 Avg. Farm Price ($/bu) 4/ 3.61 3.25 - 3.55 NA 3.00 - 3.80 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by -products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing - year weighted average price received by farmers. * Planted acres reported in the March 31, 2017, "Prospective Plantings." For corn, harvested acres projected based on historical abandonment and use for silage. The yield projection is based on a weather -adjusted trend assuming no rmal mid -May planting progress and summer growing season weather, estimated using the 1988- 2016 time period, and includes a downward stochastic adjustment to account for the asymmetric response of yield to July precipitation. (For an explanation of the yie ld trend model see Westcott and Jewison, Weather Effects on Expected Corn and Soybean Yields, USDA -ERS, Feed Outlook No. (FDS -13G-01), July 2013, www.ers.usda.gov/webdocs/publications/fds13g01/39297_fds -13g-01.pdf?v=41481.) May 2017 WASDE - 565 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Apr May Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 8.5 6.7 NA 5.8 * Area Harvested (mil. acres) 7.9 6.2 NA 4.9 * Yield (bushels/acre) 76.0 77.9 NA 67.1 * Beginning Stocks 18 37 NA 48 Production 597 480 NA 331 Imports 5 1 NA 0 Supply, Total 620 518 NA 379 Feed and Residual 108 130 NA 55 Food, Seed & Industrial 137 115 NA 100 Total Domestic 245 245 NA 155 Exports 339 225 NA 200 Use, Total 583 470 NA 355 Ending Stocks 37 48 NA 24 Avg. Farm Price ($/bu) 2/ 3.31 2.60 - 2.80 NA 2.60 - 3.40 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. April May Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.6 3.1 NA 2.5 * Area Harvested (mil. acres) 3.2 2.6 NA 2.2 * Yield (bushels/acre) 69.1 77.9 NA 72.6 * Beginning Stocks 79 102 NA 95 Production 218 199 NA 159 Imports 19 12 NA 15 Supply, Total 315 313 NA 269 Feed and Residual 50 60 NA 35 Food, Seed & Industrial 153 153 NA 153 Total Domestic 202 213 NA 188 Exports 11 5 NA 5 Use, Total 213 218 NA 193 Ending Stocks 102 95 NA 76 Avg. Farm Price ($/bu) 2/ 5.52 4.95 NA 4.35 - 5.35 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. April May Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.1 2.8 NA 2.7 * Area Harvested (mil. acres) 1.3 1.0 NA 1.0 * Yield (bushels/acre) 70.2 66.0 NA 67.0 * Beginning Stocks 54 57 NA 46 Production 90 65 NA 67 Imports 86 95 NA 100 Supply, Total 229 217 NA 213 Feed and Residual 93 90 NA 90 Food, Seed & Industrial 77 78 NA 80 Total Domestic 170 168 NA 170 Exports 2 3 NA 2 Use, Total 172 171 NA 172 Ending Stocks 57 46 NA 41 Avg. Farm Price ($/bu) 2/ 2.12 2.05 NA 1.95 - 2.45 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. * Planted acres reported in the March 31, 2017, "Prospective Plantings." Harvested area for sorghum, barley and oats based on historical average harvested -to-planted ratios. For sorghum the projected yield is the median yield for 1985- 2016. For barley and oats, projected yields are based on the 1990 -2016 trends. Yields shown reflect production rounding. May 2017 WASDE - 565 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Apr May Million Acres Area Planted 2.63 3.15 NA 2.63 * Area Harvested 2.59 3.10 NA 2.61 * Fil ler Pounds Yield per Harvested Acre 7,472 7,237 NA 7,716 * Million Hundredweight Beginning Stocks 2/ 48.5 46.5 NA 48.1 Production 193.1 224.1 NA 201.0 Imports 24.1 23.5 NA 24.0 Supply, Total 265.8 294.1 NA 273.1 Domestic & Residual 3/ 111.6 132.0 NA 125.0 Exports, Total 4/ 107.7 114.0 NA 110.0 Rough 38.2 47.0 NA 45.0 Milled (rough equiv.) 69.6 67.0 NA 65.0 Use, Total 219.3 246.0 NA 235.0 Ending Stocks 46.5 48.1 NA 38.1 Avg. Milling Yield (%) 5/ 70.00 70.00 NA 70.00 Avg. Farm Price ($/cwt) 6/ 12.20 10.20 - 10.60 NA 10.70 - 11.70 Total LONG -GRAIN RICE 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. April May Harvested Acres (mil.) 1.85 2.40 Yield (pounds/acre) 7,219 6,927 Beginning Stocks 26.5 22.7 NA 28.7 Production 133.4 166.5 NA 142.0 Supply, Total 7/ 180.7 209.7 NA 191.7 Domestic & Residual 3/ 81.5 102.0 NA 95.0 Exports 8/ 76.5 79.0 NA 76.0 Use, Total 158.0 181.0 NA 171.0 Ending Stocks 22.7 28.7 NA 20.7 Avg. Farm Price ($/cwt) 6/ 11.20 9.50 - 9.90 NA 10.20 - 11.20 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. April May Harvested Acres (mil.) 0.74 0.69 Yield (pounds/acre) 8,107 8,311 Beginning Stocks 20.2 20.9 NA 16.6 Production 59.7 57.7 NA 59.0 Supply, Total 7/ 82.2 81.6 NA 78.6 Domestic & Residual 3/ 30.1 30.0 NA 30.0 Exports 8/ 31.2 35.0 NA 34.0 Use, Total 61.3 65.0 NA 64.0 Ending Stocks 20.9 16.6 NA 14.6 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 15.30 12.10 - 12.70 NA 12.30 - 13.30 California 10/ 18.10 13.10 - 13.70 NA 13.10 - 14.10 Other States 1/ 11.20 9.80 - 10.20 NA 10.50 - 11.50 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2015/16 -2.9; 2016/17 -2.9; 20 17/18 -2.9. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and endin g stocks. 4/ Includes rough rice and milled rice exports. Mi lled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole ke rnel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by f armers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final pr ice may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.65 per cwt from 2008/09 -2013/14, with a high of $3.50 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. * Planted acr es reported in March 31, 2017, "Prospective Plantings." Harvested acres are estimated using the average harvested -to-planted ratios by rice class, 2012 -2016. Projected yield is based on linear trend analysis by rice class for the period 1997/98 to 2016/17. May 2017 WASDE - 565 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Apr May Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 82.7 83.4 NA 89.5 * Area Harvested 81.7 82.7 NA 88.6 * Fil ler Bushels Yield per Harvested Acre 48.0 52.1 NA 48.0 * Million Bushels Beginning Stocks 191 197 NA 435 Production 3,926 4,307 NA 4,255 Imports 24 25 NA 25 Supply, Total 4,140 4,528 NA 4,715 Crushings 1,886 1,925 NA 1,950 Exports 1,936 2,050 NA 2,150 Seed 97 104 NA 101 Residual 25 14 NA 34 Use, Total 3,944 4,093 NA 4,235 Ending Stocks 197 435 NA 480 Avg. Farm Price ($/bu) 2/ 8.95 9.55 NA 8.30 - 10.30 Total SOYBEAN OIL 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. April May Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,855 1,687 NA 2,062 Production 4/ 21,950 22,350 NA 22,620 Imports 288 325 NA 300 Supply, Total 24,093 24,362 NA 24,982 Domestic Disappearance 20,166 20,000 NA 20,450 Biodiesel 3/ 5,670 6,200 NA 6,450 Food, Feed & other Industrial 14,496 13,800 NA 14,000 Exports 2,240 2,300 NA 2,300 Use, Total 22,406 22,300 NA 22,750 Ending stocks 1,687 2,062 NA 2,232 Avg. Price (c/lb) 2/ 29.86 31.75 NA 30.00 - 34.00 Total SOYBEAN MEAL 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. April May Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 260 264 NA 300 Production 4/ 44,672 45,286 NA 46,300 Imports 403 350 NA 300 Supply, Total 45,335 45,900 NA 46,900 Domestic Disappearance 33,108 33,500 NA 34,200 Exports 11,963 12,100 NA 12,400 Use, Total 45,071 45,600 NA 46,600 Ending Stocks 264 300 NA 300 Avg. Price ($/s.t.) 2/ 324.56 320.00 NA 295.00 - 335.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only bio diesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year cru sh of 1,925 million bushels for 2016/17 and 1,950 million bushels for 2017/18. May 2017 WASDE - 565 - 16 U.S. Sugar Supply and Use 1/ 2015/16 2016/17 Est. 2016/17 Est. 2017/18 Proj. Apr May May Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,815 2,054 2,053 1,477 Production 2/ 8,989 8,840 8,774 8,700 Beet Sugar 5,119 4,996 4,932 4,950 Cane Sugar 3,870 3,844 3,842 3,750 Florida 2,173 2,051 2,051 2,000 Hawaii 152 43 43 0 Louisiana 1,428 1,612 1,612 1,600 Texas 116 138 136 150 Imports 3,341 3,128 3,130 3,858 TRQ 3/ 1,620 1,576 1,578 1,373 Other Program 4/ 396 375 375 175 Other 5/ 1,325 1,177 1,177 2,311 Mexico 1,309 1,162 1,162 2,301 Total Supply 14,145 14,022 13,957 14,036 Exports 74 125 125 25 Deliveries 12,051 12,255 12,355 12,477 Food 6/ 11,881 12,100 12,200 12,322 Other 7/ 170 155 155 155 Miscellaneous -33 0 0 0 Total Use 12,091 12,380 12,480 12,502 Ending Stocks 2,053 1,642 1,477 1,534 Stocks to Use Ratio 17.0 13.3 11.8 12.3 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2015/16 and 2016/17 are based on Crop Production and processor projections where appropriate. 3/ For 2017/18, WTO raw sugar TRQ shortfall (99). For 2016/17, WTO raw sugar TRQ shortfall (99) 4/ Includes sugar under the re -export and polyhydric alcohol programs. 5/ For 2015/16, other high- tier (16) and other (0). For 2016/17, other high- tier (15) and other (0). For 2017/18, other high -tier (10) and other (0). 6/For 2014/15, combines SMD deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar -containing products for reexport, and for nonedible alcohol, feed, and ethanol. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2016/17 Est. Apr 1,037 6,186 75 4,841 1,163 1,293 2016/17 Est. May 1,037 6,186 75 4,851 1,105 1,342 2017/18 Proj. Apr NA NA NA NA NA NA 2017/18 Proj. May 1,342 6,225 75 4,918 1,994 731 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): Oct -Sep 2015/16 = 1,482, estimated Oct -Sep 2016/17 = 1,484; projected 2017/18 = 1,484; Oct - Feb 2015/16 = 573, Oct - Feb 2016/17 = 596. Footnote source: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2015/16 (390 est), 2016/17 (390 est), 2017/18 (390 proj). Other Deliveries/Ending Year Statistical Adjustments: 2015/16 ( -10), 2016/17 (0), 2017/18 (0). May 2017 WASDE - 565 - 17 U.S. Cotton Supply and Use 1/ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Apr May Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 8.58 10.07 NA 12.23 * Harvested 8.07 9.51 NA 11.38 * Fil ler Pounds Yield per Harvested Acre 766 867 NA 810 * Million 480 Pound Bales Beginning Stocks 3.65 3.80 NA 3.20 Production 12.89 17.17 NA 19.20 Imports 0.03 0.01 NA 0.01 Supply, Total 16.57 20.98 NA 22.41 Domestic Use 3.45 3.30 NA 3.40 Exports, Total 9.15 14.50 NA 14.00 Use, Total 12.60 17.80 NA 17.40 Unaccounted 2/ 0.17 -0.02 NA 0.01 Ending Stocks 3.80 3.20 NA 5.00 Avg. Farm Price 3/ 61.2 69.0 NA 54.00 - 74.00 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. *Planted area as reported in March 31, 2017 Prospective Plantings. Harvested area based on 10 -year average abandonment by region , with the Southwest adjusted to 10 percent to reflect favorable moisture conditions. Yi eld per harvested acre based on 5 -year average yields by region. May 2017 WASDE - 565 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 217.51 737.00 169.95 136.51 712.08 172.85 242.42 United States 20.48 56.12 3.07 4.14 32.02 21.09 26.55 Total Foreign 197.03 680.88 166.88 132.37 680.06 151.76 215.87 Major Exporters 4/ 29.26 223.54 7.57 65.67 150.84 82.54 26.99 Argentina 4.80 11.30 0.01 0.20 5.90 9.60 0.62 Australia 4.67 24.17 0.15 3.80 7.23 16.12 5.64 Canada 7.09 27.59 0.49 2.67 7.86 22.13 5.18 European Union 5/ 12.70 160.48 6.92 59.00 129.85 34.69 15.56 Major Importers 6/ 113.10 205.47 92.33 27.86 264.88 6.45 139.56 Brazil 0.87 5.54 6.75 0.50 11.10 1.06 1.00 China 76.11 130.19 3.48 10.50 112.00 0.73 97.04 Sel. Mideast 7/ 13.63 19.91 19.18 4.85 37.97 0.55 14.19 N. Africa 8/ 13.21 19.98 27.78 2.28 43.65 0.71 16.61 Pakistan 3.71 25.10 0.02 0.80 24.40 0.60 3.83 Southeast Asia 9/ 3.82 0.00 24.61 8.04 22.37 0.97 5.09 Selected Other India 17.22 86.53 0.47 4.20 88.55 1.13 14.54 FSU-12 20.62 117.96 7.39 26.74 77.79 51.48 16.70 Russia 6.29 61.04 0.82 14.00 37.00 25.54 5.60 Kazakhstan 3.25 13.75 0.07 2.10 6.90 7.60 2.56 Ukraine 5.68 27.27 0.03 5.10 12.20 17.43 3.35 2016/17 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 242.42 753.09 175.45 147.52 740.16 179.74 255.35 United States 26.55 62.86 3.13 5.17 32.82 28.17 31.55 Total Foreign 215.87 690.23 172.32 142.35 707.34 151.58 223.80 Major Exporters 4/ 26.99 228.17 6.14 66.10 152.56 81.20 27.54 Argentina 0.62 16.00 0.01 0.10 5.90 10.20 0.52 Australia 5.64 35.00 0.15 4.50 7.96 24.00 8.83 Canada 5.18 31.70 0.49 5.00 10.20 20.00 7.16 European Union 5/ 15.56 145.47 5.50 56.50 128.50 27.00 11.03 Major Importers 6/ 139.56 200.16 92.93 35.32 276.72 6.29 149.64 Brazil 1.00 6.73 6.80 0.80 11.70 0.80 2.03 China 97.04 128.85 4.20 16.50 118.50 0.80 110.79 Sel. Mideast 7/ 14.19 20.24 17.75 4.95 39.23 0.55 12.41 N. Africa 8/ 16.61 14.08 28.25 2.28 44.73 0.66 13.56 Pakistan 3.83 25.60 0.03 0.80 24.50 0.70 4.25 Southeast Asia 9/ 5.09 0.00 24.80 8.79 24.17 1.02 4.71 Selected Other India 14.54 87.00 6.00 4.70 97.50 0.40 9.64 FSU-12 16.70 130.24 7.54 28.45 79.72 53.38 21.39 Russia 5.60 72.53 0.50 17.00 40.00 28.00 10.63 Kazakhstan 2.56 14.99 0.09 2.10 6.90 7.00 3.73 Ukraine 3.35 26.80 0.04 4.00 10.80 17.30 2.08 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, K uwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2017 WASDE - 565 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Apr NA NA NA NA NA NA NA May 255.35 737.83 178.53 138.54 734.89 178.35 258.29 United States Apr NA NA NA NA NA NA NA May 31.55 49.54 3.40 4.63 32.41 27.22 24.86 Total Foreign Apr NA NA NA NA NA NA NA May 223.80 688.29 175.13 133.91 702.48 151.13 233.43 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 27.54 221.35 7.11 63.60 150.05 83.00 22.95 Argentina Apr NA NA NA NA NA NA NA May 0.52 17.00 0.01 0.10 6.00 11.00 0.53 Australia Apr NA NA NA NA NA NA NA May 8.83 25.00 0.15 4.50 8.00 19.00 6.98 Canada Apr NA NA NA NA NA NA NA May 7.16 28.35 0.45 3.50 8.80 22.00 5.16 European Union 5/ Apr NA NA NA NA NA NA NA May 11.03 151.00 6.50 55.50 127.25 31.00 10.28 Major Importers 6/ Apr NA NA NA NA NA NA NA May 149.64 204.56 93.27 29.58 275.41 6.33 165.74 Brazil Apr NA NA NA NA NA NA NA May 2.03 5.60 6.90 0.50 11.60 1.00 1.93 China Apr NA NA NA NA NA NA NA May 110.79 131.00 3.00 13.00 116.00 0.80 127.99 Sel. Mideast 7/ Apr NA NA NA NA NA NA NA May 12.41 19.49 19.24 4.92 39.99 0.54 10.61 N. Africa 8/ Apr NA NA NA NA NA NA NA May 13.56 17.80 28.35 2.18 45.28 0.69 13.75 Pakistan Apr NA NA NA NA NA NA NA May 4.25 26.20 0.03 0.90 25.40 0.60 4.48 Southeast Asia 9/ Apr NA NA NA NA NA NA NA May 4.71 0.00 24.75 7.09 23.34 1.03 5.09 Selected Other India Apr NA NA NA NA NA NA NA May 9.64 97.00 4.00 5.00 100.00 0.50 10.14 FSU-12 Apr NA NA NA NA NA NA NA May 21.39 121.01 8.02 28.10 79.49 51.36 19.58 Russia Apr NA NA NA NA NA NA NA May 10.63 67.00 0.50 16.50 39.50 29.00 9.63 Kazakhstan Apr NA NA NA NA NA NA NA May 3.73 13.00 0.05 2.10 6.90 7.00 2.88 Ukraine Apr NA NA NA NA NA NA NA May 2.08 25.00 0.03 3.90 10.60 14.50 2.01 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, K uwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2017 WASDE - 565 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 246.47 1,258.29 182.61 769.52 1,255.94 163.69 248.82 United States 46.95 367.01 3.93 135.80 312.70 57.07 48.11 Total Foreign 199.52 891.28 178.68 633.72 943.24 106.62 200.71 Major Exporters 4/ 20.12 153.80 8.07 84.08 113.50 51.69 16.80 Argentina 4.27 37.94 0.01 9.31 14.27 25.33 2.62 Australia 1.53 12.44 0.00 4.19 5.87 6.94 1.17 Brazil 8.24 69.13 3.97 50.89 60.24 14.03 7.07 Canada 3.33 25.62 1.55 13.91 21.24 4.60 4.67 Major Importers 5/ 49.22 246.22 124.01 272.02 353.80 15.71 49.93 European Union 6/ 18.89 152.65 14.24 117.09 157.26 13.11 15.40 Japan 1.77 0.18 17.06 13.29 17.26 0.00 1.75 Mexico 4.83 32.38 14.95 26.72 44.72 1.56 5.89 N. Afr & Mideast 7/ 14.53 32.88 32.79 56.12 64.47 0.11 15.61 Saudi Arabia 3.36 0.36 14.79 13.60 14.11 0.00 4.41 Southeast Asia 8/ 3.71 27.51 15.20 33.16 41.22 0.93 4.28 South Korea 1.89 0.19 10.19 7.83 10.32 0.00 1.95 Selected Other China 101.92 231.40 17.50 166.44 238.74 0.03 112.05 FSU-12 7.49 82.55 0.53 39.60 54.78 31.25 4.55 Russia 2.43 37.43 0.11 20.25 29.64 9.00 1.33 Ukraine 3.29 33.39 0.05 10.24 13.87 21.19 1.67 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 248.82 1,358.09 175.63 801.90 1,347.42 195.79 259.49 United States 48.11 402.60 3.52 146.16 329.57 62.39 62.28 Total Foreign 200.71 955.49 172.11 655.74 1,017.85 133.40 197.21 Major Exporters 4/ 16.80 204.76 2.51 88.53 119.65 80.19 24.23 Argentina 2.62 47.78 0.01 10.52 15.99 30.31 4.10 Australia 1.17 16.63 0.00 4.24 5.91 9.48 2.41 Brazil 7.07 98.85 1.10 53.31 63.29 34.03 9.70 Canada 4.67 25.63 1.09 14.57 22.05 4.35 4.99 Major Importers 5/ 49.93 241.68 124.74 279.47 361.57 9.65 45.13 European Union 6/ 15.40 151.96 13.63 119.30 159.82 7.68 13.49 Japan 1.75 0.17 16.87 13.19 17.18 0.00 1.62 Mexico 5.89 33.21 15.65 28.20 46.95 0.80 7.00 N. Afr & Mideast 7/ 15.61 26.28 35.68 56.80 64.64 0.15 12.79 Saudi Arabia 4.41 0.36 14.71 14.60 15.11 0.00 4.37 Southeast Asia 8/ 4.28 29.42 13.62 35.26 43.07 1.03 3.22 South Korea 1.95 0.20 9.89 7.64 10.11 0.00 1.93 Selected Other China 112.05 227.44 13.85 172.05 250.73 0.04 102.58 FSU-12 4.55 93.02 0.69 41.99 57.37 34.34 6.54 Russia 1.33 40.77 0.11 21.68 31.33 8.22 2.66 Ukraine 1.67 39.26 0.06 10.46 13.93 24.66 2.40 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and ex ports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, sel ected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2017 WASDE - 565 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Apr NA NA NA NA NA NA NA May 259.49 1,311.83 178.05 812.91 1,349.93 185.93 221.38 United States Apr NA NA NA NA NA NA NA May 62.28 370.39 3.53 141.77 326.86 52.85 56.48 Total Foreign Apr NA NA NA NA NA NA NA May 197.21 941.43 174.52 671.13 1,023.07 133.08 164.91 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 24.23 196.95 2.05 91.19 122.63 78.61 21.99 Argentina Apr NA NA NA NA NA NA NA May 4.10 47.65 0.01 10.92 16.48 31.11 4.17 Australia Apr NA NA NA NA NA NA NA May 2.41 11.88 0.00 4.34 6.02 7.23 1.05 Brazil Apr NA NA NA NA NA NA NA May 9.70 97.60 0.85 54.30 64.25 34.02 9.89 Canada Apr NA NA NA NA NA NA NA May 4.99 26.78 0.86 15.71 23.42 4.55 4.66 Major Importers 5/ Apr NA NA NA NA NA NA NA May 45.13 245.42 129.40 285.73 368.55 11.33 40.07 European Union 6/ Apr NA NA NA NA NA NA NA May 13.49 155.00 14.61 120.00 160.82 9.81 12.47 Japan Apr NA NA NA NA NA NA NA May 1.62 0.17 16.72 13.06 17.05 0.00 1.46 Mexico Apr NA NA NA NA NA NA NA May 7.00 31.83 16.20 29.22 48.19 0.70 6.14 N. Afr & Mideast 7/ Apr NA NA NA NA NA NA NA May 12.79 28.12 37.38 58.67 66.67 0.10 11.52 Saudi Arabia Apr NA NA NA NA NA NA NA May 4.37 0.36 14.51 15.55 16.11 0.00 3.13 Southeast Asia 8/ Apr NA NA NA NA NA NA NA May 3.22 29.66 15.12 36.71 44.51 0.73 2.76 South Korea Apr NA NA NA NA NA NA NA May 1.93 0.20 10.27 8.04 10.51 0.00 1.89 Selected Other China Apr NA NA NA NA NA NA NA May 102.58 223.04 12.00 174.95 255.48 0.03 82.11 FSU-12 Apr NA NA NA NA NA NA NA May 6.54 90.19 0.63 42.97 58.50 33.89 4.97 Russia Apr NA NA NA NA NA NA NA May 2.66 41.15 0.11 22.90 32.65 9.16 2.10 Ukraine Apr NA NA NA NA NA NA NA May 2.40 36.79 0.03 10.21 13.76 23.81 1.65 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and ex ports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, sel ected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2017 WASDE - 565 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 209.41 968.06 140.56 603.00 965.10 119.95 212.37 United States 43.97 345.51 1.71 130.13 298.87 48.20 44.12 Total Foreign 165.44 622.56 138.85 472.87 666.23 71.75 168.25 Major Exporters 4/ 13.19 104.21 5.83 60.55 77.85 36.50 8.88 Argentina 2.90 29.00 0.01 5.85 9.15 21.70 1.05 Brazil 7.84 67.00 3.42 49.00 57.50 14.00 6.77 South Africa 2.45 8.21 2.40 5.70 11.20 0.80 1.06 Major Importers 5/ 23.17 118.31 81.72 144.90 196.44 4.44 22.30 Egypt 2.30 6.00 8.78 12.45 14.85 0.01 2.22 European Union 6/ 9.63 58.73 13.77 55.50 73.50 1.95 6.68 Japan 1.35 0.00 15.19 11.60 15.20 0.00 1.34 Mexico 4.09 25.97 14.01 20.30 37.30 1.56 5.21 Southeast Asia 7/ 3.70 27.46 15.19 33.10 41.15 0.93 4.27 South Korea 1.86 0.08 10.12 7.80 10.12 0.00 1.94 Selected Other 0.00 Canada 1.40 13.56 1.37 7.07 12.35 1.74 2.24 China 100.47 224.63 3.17 153.50 217.50 0.00 110.77 FSU-12 3.04 39.87 0.38 17.73 20.44 21.42 1.43 Ukraine 1.82 23.33 0.03 6.60 8.00 16.60 0.59 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 212.37 1,065.11 137.93 633.94 1,053.59 158.58 223.90 United States 44.12 384.78 1.40 139.71 315.48 56.52 58.30 Total Foreign 168.25 680.34 136.54 494.23 738.10 102.06 165.60 Major Exporters 4/ 8.88 151.30 0.61 63.80 82.40 63.50 14.89 Argentina 1.05 40.00 0.01 7.00 10.70 27.50 2.86 Brazil 6.77 96.00 0.50 51.00 60.00 34.00 9.27 South Africa 1.06 15.30 0.10 5.80 11.70 2.00 2.76 Major Importers 5/ 22.30 123.23 79.90 147.35 200.00 3.83 21.61 Egypt 2.22 6.00 9.00 12.70 15.10 0.01 2.11 European Union 6/ 6.68 60.71 13.10 53.90 72.50 2.00 5.99 Japan 1.34 0.00 15.00 11.50 15.10 0.00 1.24 Mexico 5.21 27.00 14.80 22.00 39.80 0.80 6.41 Southeast Asia 7/ 4.27 29.37 13.60 35.20 43.00 1.02 3.22 South Korea 1.94 0.08 9.80 7.60 9.90 0.00 1.91 Selected Other 0.00 Canada 2.24 13.20 1.00 7.50 12.92 1.10 2.42 China 110.77 219.55 3.00 162.00 232.00 0.02 101.31 FSU-12 1.43 47.43 0.40 19.21 21.99 24.66 2.61 Ukraine 0.59 28.00 0.05 7.00 8.40 19.00 1.24 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting dis crepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra- trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2017 WASDE - 565 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Apr NA NA NA NA NA NA NA May 223.90 1,033.66 144.79 650.86 1,062.30 151.91 195.27 United States Apr NA NA NA NA NA NA NA May 58.30 357.27 1.27 137.80 315.61 47.63 53.60 Total Foreign Apr NA NA NA NA NA NA NA May 165.60 676.40 143.52 513.06 746.69 104.29 141.67 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 14.89 147.50 0.41 65.30 84.00 64.20 14.59 Argentina Apr NA NA NA NA NA NA NA May 2.86 40.00 0.01 7.50 11.30 28.50 3.06 Brazil Apr NA NA NA NA NA NA NA May 9.27 95.00 0.30 52.00 61.00 34.00 9.57 South Africa Apr NA NA NA NA NA NA NA May 2.76 12.50 0.10 5.80 11.70 1.70 1.96 Major Importers 5/ Apr NA NA NA NA NA NA NA May 21.61 124.27 84.30 152.80 206.05 3.93 20.19 Egypt Apr NA NA NA NA NA NA NA May 2.11 6.00 10.00 13.40 15.90 0.01 2.20 European Union 6/ Apr NA NA NA NA NA NA NA May 5.99 63.50 14.00 56.10 75.00 2.50 5.99 Japan Apr NA NA NA NA NA NA NA May 1.24 0.00 15.00 11.50 15.10 0.00 1.15 Mexico Apr NA NA NA NA NA NA NA May 6.41 25.00 15.50 22.70 40.70 0.70 5.51 Southeast Asia 7/ Apr NA NA NA NA NA NA NA May 3.22 29.61 15.10 36.65 44.45 0.72 2.76 South Korea Apr NA NA NA NA NA NA NA May 1.91 0.08 10.20 8.00 10.30 0.00 1.89 Selected Other Canada Apr NA NA NA NA NA NA NA May 2.42 15.20 0.80 8.50 14.10 1.50 2.82 China Apr NA NA NA NA NA NA NA May 101.31 215.00 3.00 166.00 238.00 0.02 81.29 FSU-12 Apr NA NA NA NA NA NA NA May 2.61 48.35 0.36 20.43 23.21 25.71 2.40 Ukraine Apr NA NA NA NA NA NA NA May 1.24 28.00 0.03 7.00 8.40 20.00 0.86 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2017 WASDE - 565 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 115.03 471.83 38.27 471.17 40.52 115.69 United States 1.55 6.13 0.77 3.55 3.42 1.48 Total Foreign 113.48 465.70 37.50 467.61 37.10 114.22 Major Exporters 4/ 31.54 154.59 0.61 128.07 29.50 29.18 India 17.80 104.41 0.00 93.57 10.24 18.40 Pakistan 1.21 6.80 0.01 2.80 4.30 0.92 Thailand 11.27 15.80 0.30 9.10 9.87 8.40 Vietnam 1.26 27.58 0.30 22.60 5.09 1.46 Major Importers 5/ 10.82 62.46 12.19 75.96 0.84 8.67 Brazil 0.64 7.21 0.86 7.90 0.55 0.26 European Union 6/ 1.15 2.05 1.80 3.55 0.27 1.18 Indonesia 4.11 36.20 1.00 37.80 0.00 3.51 Nigeria 0.99 2.71 2.10 5.20 0.00 0.60 Philippines 2.21 11.00 1.60 13.00 0.00 1.81 Sel. Mideast 7/ 1.23 1.89 3.25 5.58 0.00 0.80 Selected Other 0.00 Burma 0.55 12.16 0.03 10.75 1.30 0.69 C. Amer & Carib 8/ 0.46 1.62 1.95 3.47 0.03 0.54 China 57.44 145.77 4.80 144.00 0.27 63.74 Egypt 0.92 4.00 0.10 3.90 0.20 0.92 Japan 2.82 7.67 0.71 8.60 0.07 2.53 Mexico 0.17 0.16 0.69 0.89 0.00 0.13 South Korea 1.41 4.33 0.31 4.21 0.00 1.83 2016/17 Est. Beginning Sto c ks Production Imports Total /2 Dom estic Exports Ending Sto c ks World 3/ 115.69 481.54 38.38 478.67 41.42 118.56 United States 1.48 7.12 0.75 4.19 3.62 1.53 Total Foreign 114.22 474.42 37.64 474.48 37.80 117.03 Major Exporters 4/ 29.18 159.76 0.56 132.60 29.60 27.30 India 18.40 106.50 0.00 96.00 10.00 18.90 Pakistan 0.92 6.80 0.01 2.90 4.00 0.83 Thailand 8.40 18.60 0.25 11.00 10.00 6.25 Vietnam 1.46 27.86 0.30 22.70 5.60 1.32 Major Importers 5/ 8.67 64.87 11.25 75.80 1.10 7.89 Brazil 0.26 8.16 0.60 7.90 0.80 0.32 European Union 6/ 1.18 2.07 1.85 3.65 0.25 1.20 Indonesia 3.51 37.15 0.50 37.60 0.02 3.54 Nigeria 0.60 2.70 2.20 5.10 0.00 0.40 Philippines 1.81 11.50 1.00 12.90 0.00 1.41 Sel. Mideast 7/ 0.80 1.96 3.45 5.50 0.00 0.70 Selected Other 0.00 Burma 0.69 12.40 0.01 10.80 1.60 0.70 C. Amer & Carib 8/ 0.54 1.70 1.85 3.54 0.03 0.51 China 63.74 144.85 5.00 143.50 0.50 69.59 Egypt 0.92 4.80 0.15 4.20 0.10 1.57 Japan 2.53 7.78 0.69 8.55 0.08 2.37 Mexico 0.13 0.19 0.80 0.90 0.00 0.22 South Korea 1.83 4.20 0.41 4.70 0.00 1.74 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU -28. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. May 2017 WASDE - 565 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Apr NA NA NA NA NA NA May 118.56 481.30 39.85 480.09 42.17 119.77 United States Apr NA NA NA NA NA NA May 1.53 6.38 0.76 3.97 3.49 1.21 Total Foreign Apr NA NA NA NA NA NA May 117.03 474.92 39.09 476.12 38.67 118.56 Major Exporters 4/ Apr NA NA NA NA NA NA May 27.30 160.50 0.55 134.60 30.10 23.65 India Apr NA NA NA NA NA NA May 18.90 106.00 0.00 97.50 10.00 17.40 Pakistan Apr NA NA NA NA NA NA May 0.83 6.90 0.00 2.90 4.10 0.73 Thailand Apr NA NA NA NA NA NA May 6.25 19.50 0.25 11.50 10.00 4.50 Vietnam Apr NA NA NA NA NA NA May 1.32 28.10 0.30 22.70 6.00 1.02 Major Importers 5/ Apr NA NA NA NA NA NA May 7.89 64.44 12.45 75.70 1.00 8.08 Brazil Apr NA NA NA NA NA NA May 0.32 8.00 0.60 7.90 0.70 0.32 European Union 6/ Apr NA NA NA NA NA NA May 1.20 2.08 1.90 3.75 0.25 1.18 Indonesia Apr NA NA NA NA NA NA May 3.54 37.00 0.50 37.40 0.02 3.62 Nigeria Apr NA NA NA NA NA NA May 0.40 2.77 2.20 4.90 0.00 0.47 Philippines Apr NA NA NA NA NA NA May 1.41 11.20 1.80 12.90 0.00 1.51 Sel. Mideast 7/ Apr NA NA NA NA NA NA May 0.70 1.96 3.60 5.60 0.00 0.66 Selected Other Burma Apr NA NA NA NA NA NA May 0.70 12.30 0.01 10.85 1.70 0.46 C. Amer & Carib 8/ Apr NA NA NA NA NA NA May 0.51 1.65 1.85 3.53 0.03 0.45 China Apr NA NA NA NA NA NA May 69.59 145.00 4.80 143.00 0.70 75.69 Egypt Apr NA NA NA NA NA NA May 1.57 4.00 0.05 4.25 0.20 1.17 Japan Apr NA NA NA NA NA NA May 2.37 7.60 0.69 8.50 0.08 2.08 Mexico Apr NA NA NA NA NA NA May 0.22 0.20 0.80 0.91 0.00 0.30 South Korea Apr NA NA NA NA NA NA May 1.74 3.90 0.41 4.65 0.00 1.39 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to difference s in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Ph ilippines, selected Middle East, and the EU -28. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. May 2017 WASDE - 565 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2015/16 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 111.74 96.76 35.19 111.22 35.30 0.04 97.14 United States 3.65 12.89 0.03 3.45 9.15 0.17 3.80 Total Foreign 108.09 83.87 35.16 107.77 26.14 -0.13 93.34 Major Exporters 4/ 30.32 47.09 1.77 31.65 23.03 -0.27 24.78 Central Asia 5/ 3.01 5.97 3/ 2.43 4.46 0.00 2.09 Afr. Fr. Zone 6/ 2.19 4.24 3/ 0.12 4.87 0.00 1.44 S. Hemis 7/ 11.35 9.97 0.25 4.11 7.69 -0.28 10.06 Australia 1.82 2.85 3/ 0.04 2.85 -0.15 1.93 Brazil 7.53 5.90 0.09 3.10 4.31 -0.15 6.26 India 13.49 26.40 1.07 24.25 5.76 0.00 10.94 Major Importers 8/ 75.90 33.97 31.10 71.95 2.07 0.14 66.81 Mexico 0.69 0.91 0.98 1.85 0.13 0.03 0.57 China 66.92 22.00 4.41 35.00 0.13 0.00 58.20 European Union 9/ 0.35 1.28 0.80 0.82 1.31 0.05 0.25 Turkey 1.60 2.65 4.22 6.65 0.23 0.00 1.58 Pakistan 2.89 7.00 3.30 10.30 0.25 0.03 2.62 Indonesia 0.60 0.01 2.94 3.00 0.02 0.00 0.53 Thailand 0.22 3/ 1.28 1.27 0.00 0.03 0.20 Bangladesh 1.33 0.12 6.20 6.10 0.00 0.01 1.54 Vietnam 0.68 3/ 4.50 4.40 0.00 0.00 0.78 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Use Exports Loss /2 Ending Sto c ks World 97.14 105.88 36.49 113.20 36.96 -0.17 89.52 United States 3.80 17.17 0.01 3.30 14.50 -0.02 3.20 Total Foreign 93.34 88.71 36.48 109.90 22.46 -0.15 86.32 Major Exporters 4/ 24.78 50.03 3.41 31.27 19.38 -0.26 27.84 Central Asia 5/ 2.09 5.82 3/ 2.54 2.97 0.00 2.40 Afr. Fr. Zone 6/ 1.44 4.92 3/ 0.12 4.67 0.01 1.56 S. Hemis 7/ 10.06 12.43 0.39 4.21 7.30 -0.29 11.66 Australia 1.93 4.40 3/ 0.04 3.80 -0.15 2.65 Brazil 6.26 6.80 0.23 3.20 2.90 -0.15 7.33 India 10.94 26.50 2.50 23.75 4.20 0.00 11.99 Major Importers 8/ 66.81 35.82 30.78 74.54 1.91 0.11 56.85 Mexico 0.57 0.73 1.03 1.73 0.10 0.03 0.47 China 58.20 22.75 4.80 37.00 0.05 0.00 48.70 European Union 9/ 0.25 1.31 0.72 0.74 1.28 0.03 0.24 Turkey 1.58 3.20 3.15 6.30 0.28 0.00 1.36 Pakistan 2.62 7.70 2.70 10.30 0.20 0.03 2.49 Indonesia 0.53 0.01 3.20 3.10 0.01 0.00 0.63 Thailand 0.20 3/ 1.30 1.28 0.00 0.03 0.20 Bangladesh 1.54 0.13 6.25 6.50 0.00 0.01 1.41 Vietnam 0.78 3/ 5.40 5.30 0.00 0.00 0.88 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addi tion to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. May 2017 WASDE - 565 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2017/18 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Apr NA NA NA NA NA NA NA May 89.52 113.22 37.63 115.75 37.63 -0.15 87.14 United States Apr NA NA NA NA NA NA NA May 3.20 19.20 0.01 3.40 14.00 0.01 5.00 Total Foreign Apr NA NA NA NA NA NA NA May 86.32 94.02 37.62 112.35 23.63 -0.16 82.14 filler filler filler filler filler filler filler Major Exporters 4/ Apr NA NA NA NA NA NA NA May 27.84 52.86 2.48 31.74 20.48 -0.28 31.23 Central Asia 5/ Apr NA NA NA NA NA NA NA May 2.40 6.19 3/ 2.65 3.10 0.00 2.85 Afr. Fr. Zone 6/ Apr NA NA NA NA NA NA NA May 1.56 5.16 3/ 0.12 4.62 0.00 1.98 S. Hemis 7/ Apr NA NA NA NA NA NA NA May 11.66 13.00 0.25 4.31 7.97 -0.29 12.92 Australia Apr NA NA NA NA NA NA NA May 2.65 4.80 3/ 0.04 4.30 -0.15 3.26 Brazil Apr NA NA NA NA NA NA NA May 7.33 7.00 0.10 3.30 3.20 -0.15 8.08 India Apr NA NA NA NA NA NA NA May 11.99 28.00 1.75 24.00 4.50 0.00 13.24 filler filler filler filler filler filler filler Major Importers 8/ Apr NA NA NA NA NA NA NA May 56.85 38.31 32.70 76.53 2.08 0.11 49.14 Mexico Apr NA NA NA NA NA NA NA May 0.47 1.10 0.98 1.80 0.13 0.03 0.60 China Apr NA NA NA NA NA NA NA May 48.70 23.50 5.00 37.50 0.05 0.00 39.65 European Union 9/ Apr NA NA NA NA NA NA NA May 0.24 1.38 0.72 0.74 1.26 0.03 0.31 Turkey Apr NA NA NA NA NA NA NA May 1.36 3.70 3.40 6.55 0.28 0.00 1.63 Pakistan Apr NA NA NA NA NA NA NA May 2.49 8.50 2.60 10.40 0.35 0.03 2.82 Indonesia Apr NA NA NA NA NA NA NA May 0.63 3/ 3.20 3.20 0.01 0.00 0.63 Thailand Apr NA NA NA NA NA NA NA May 0.20 3/ 1.36 1.33 0.00 0.03 0.21 Bangladesh Apr NA NA NA NA NA NA NA May 1.41 0.13 7.00 6.90 0.00 0.01 1.62 Vietnam Apr NA NA NA NA NA NA NA May 0.88 3/ 6.20 5.90 0.00 0.00 1.19 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addi tion to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. May 2017 WASDE - 565 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 77.37 313.05 133.40 275.56 314.53 132.22 77.08 United States 5.19 106.86 0.64 51.34 54.64 52.69 5.35 Total Foreign 72.18 206.19 132.76 224.22 259.89 79.53 71.72 Major Exporters 3/ 50.68 164.71 1.12 86.92 94.77 71.71 50.02 Argentina 31.70 56.80 0.68 43.27 47.56 9.92 31.70 Brazil 18.93 96.50 0.41 39.90 43.40 54.38 18.05 Paraguay 0.02 9.20 0.01 3.60 3.64 5.31 0.27 Major Importers 4/ 18.68 15.47 113.38 106.89 127.92 0.32 19.28 China 17.01 11.79 83.23 81.30 95.00 0.11 16.91 European Union 0.68 2.32 15.01 15.20 16.83 0.14 1.03 Japan 0.21 0.24 3.19 2.28 3.38 0.00 0.26 Mexico 0.07 0.33 4.13 4.40 4.43 0.00 0.10 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ 77.08 348.04 140.90 290.68 331.29 144.60 90.14 United States 5.35 117.21 0.68 52.39 55.60 55.79 11.85 Total Foreign 71.72 230.83 140.22 238.29 275.69 88.80 78.29 Major Exporters 3/ 50.02 182.30 1.72 90.40 98.46 80.27 55.31 Argentina 31.70 57.00 1.20 44.80 49.25 9.00 31.65 Brazil 18.05 111.60 0.50 41.50 45.05 61.90 23.20 Paraguay 0.27 10.30 0.01 3.90 3.94 6.30 0.34 Major Importers 4/ 19.28 16.84 118.89 112.68 134.93 0.38 19.71 China 16.91 12.90 89.00 86.50 101.10 0.15 17.56 European Union 1.03 2.42 14.60 15.20 16.84 0.20 1.02 Japan 0.26 0.24 3.20 2.30 3.46 0.00 0.24 Mexico 0.10 0.51 4.20 4.65 4.69 0.00 0.12 2017/18 Proj. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ Apr NA NA NA NA NA NA NA May 90.14 344.68 147.76 301.53 344.21 149.56 88.81 United States Apr NA NA NA NA NA NA NA May 11.85 115.80 0.68 53.07 56.75 58.51 13.08 Total Foreign Apr NA NA NA NA NA NA NA May 78.29 228.87 147.08 248.46 287.47 91.05 75.73 Major Exporters 3/ Apr NA NA NA NA NA NA NA May 55.31 176.40 1.62 91.65 99.92 80.85 52.56 Argentina Apr NA NA NA NA NA NA NA May 31.65 57.00 1.20 45.50 50.00 9.00 30.85 Brazil Apr NA NA NA NA NA NA NA May 23.20 107.00 0.40 42.00 45.70 63.50 21.40 Paraguay Apr NA NA NA NA NA NA NA May 0.34 9.40 0.01 3.95 4.00 5.50 0.24 Major Importers 4/ Apr NA NA NA NA NA NA NA May 19.71 17.69 124.37 118.62 141.83 0.38 19.56 China Apr NA NA NA NA NA NA NA May 17.56 13.80 93.00 91.50 106.80 0.15 17.41 European Union Apr NA NA NA NA NA NA NA May 1.02 2.45 15.00 15.60 17.24 0.20 1.03 Japan Apr NA NA NA NA NA NA NA May 0.24 0.26 3.30 2.35 3.51 0.00 0.29 Mexico Apr NA NA NA NA NA NA NA May 0.12 0.42 4.30 4.72 4.76 0.00 0.09 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). May 2017 WASDE - 565 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.42 216.18 62.00 214.03 65.37 12.20 United States 0.24 40.53 0.37 30.04 10.85 0.24 Total Foreign 13.18 175.65 61.63 184.00 54.51 11.96 Major Exporters 3/ 8.29 68.73 0.07 23.59 46.14 7.36 Argentina 4.03 33.21 0.00 2.68 30.33 4.23 Brazil 3.71 30.88 0.03 16.20 15.41 3.01 India 0.55 4.64 0.05 4.71 0.41 0.12 Major Importers 4/ 2.12 16.60 36.56 52.96 0.51 1.81 European Union 0.63 12.01 19.21 31.09 0.30 0.46 Southeast Asia 5/ 1.43 2.87 15.63 18.42 0.21 1.31 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 12.20 227.92 63.48 223.45 67.15 12.99 United States 0.24 41.08 0.32 30.39 10.98 0.27 Total Foreign 11.96 186.84 63.16 193.06 56.17 12.72 Major Exporters 3/ 7.36 73.70 0.03 24.70 48.20 8.19 Argentina 4.23 34.46 0.00 2.85 31.60 4.24 Brazil 3.01 32.12 0.02 16.65 15.20 3.30 India 0.12 7.12 0.01 5.20 1.40 0.65 Major Importers 4/ 1.81 16.87 37.98 54.21 0.54 1.91 European Union 0.46 12.01 19.50 31.34 0.30 0.32 Southeast Asia 5/ 1.31 3.12 16.68 19.32 0.24 1.55 2017/18 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Apr NA NA NA NA NA NA May 12.99 236.92 65.42 233.89 69.13 12.31 United States Apr NA NA NA NA NA NA May 0.27 42.00 0.27 31.03 11.25 0.27 Total Foreign Apr NA NA NA NA NA NA May 12.72 194.92 65.15 202.87 57.88 12.04 Major Exporters 3/ Apr NA NA NA NA NA NA May 8.19 75.02 0.03 26.11 49.53 7.60 Argentina Apr NA NA NA NA NA NA May 4.24 35.00 0.00 3.06 32.33 3.86 Brazil Apr NA NA NA NA NA NA May 3.30 32.50 0.02 17.25 15.50 3.07 India Apr NA NA NA NA NA NA May 0.65 7.52 0.01 5.80 1.70 0.67 Major Importers 4/ Apr NA NA NA NA NA NA May 1.91 17.50 38.73 55.72 0.53 1.89 European Union Apr NA NA NA NA NA NA May 0.32 12.32 19.60 31.69 0.30 0.25 Southeast Asia 5/ Apr NA NA NA NA NA NA May 1.55 3.41 17.25 20.38 0.23 1.59 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. May 2017 WASDE - 565 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 4.20 51.62 11.63 52.12 11.69 3.63 United States 0.84 9.96 0.13 9.15 1.02 0.77 Total Foreign 3.36 41.66 11.50 42.98 10.67 2.87 Major Exporters 3/ 0.96 18.98 0.39 11.43 8.16 0.74 Argentina 0.37 8.43 0.00 2.83 5.70 0.27 Brazil 0.38 7.66 0.07 6.29 1.55 0.27 European Union 0.21 2.89 0.33 2.31 0.92 0.21 Major Importers 4/ 1.53 15.94 6.85 22.94 0.16 1.22 China 0.78 14.57 0.59 15.30 0.10 0.54 India 0.52 1.04 4.27 5.30 0.00 0.53 North Africa 5/ 0.23 0.33 2.00 2.34 0.06 0.16 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 3.63 54.29 11.07 53.65 11.65 3.69 United States 0.77 10.14 0.15 9.07 1.04 0.94 Total Foreign 2.87 44.15 10.92 44.58 10.61 2.76 Major Exporters 3/ 0.74 19.51 0.33 11.89 7.90 0.80 Argentina 0.27 8.66 0.00 3.02 5.55 0.36 Brazil 0.27 7.96 0.06 6.56 1.45 0.28 European Union 0.21 2.89 0.27 2.31 0.90 0.16 Major Importers 4/ 1.22 17.66 6.05 23.61 0.19 1.12 China 0.54 15.50 0.62 16.00 0.11 0.55 India 0.53 1.60 3.70 5.40 0.00 0.43 North Africa 5/ 0.16 0.56 1.73 2.21 0.08 0.15 2017/18 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Apr NA NA NA NA NA NA May 3.69 56.20 11.63 55.85 12.01 3.66 United States Apr NA NA NA NA NA NA May 0.94 10.26 0.14 9.28 1.04 1.01 Total Foreign Apr NA NA NA NA NA NA May 2.75 45.94 11.49 46.57 10.96 2.65 Major Exporters 3/ Apr NA NA NA NA NA NA May 0.80 19.78 0.31 11.98 8.18 0.74 Argentina Apr NA NA NA NA NA NA May 0.36 8.76 0.00 3.01 5.80 0.32 Brazil Apr NA NA NA NA NA NA May 0.28 8.06 0.06 6.67 1.48 0.26 European Union Apr NA NA NA NA NA NA May 0.16 2.96 0.25 2.31 0.90 0.16 Major Importers 4/ Apr NA NA NA NA NA NA May 1.12 18.76 6.43 25.04 0.19 1.08 China Apr NA NA NA NA NA NA May 0.55 16.40 0.55 16.85 0.10 0.55 India Apr NA NA NA NA NA NA May 0.43 1.69 4.10 5.80 0.00 0.42 North Africa 5/ Apr NA NA NA NA NA NA May 0.15 0.67 1.78 2.39 0.09 0.12 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tunisia. May 2017 WASDE - 565 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2016 II 6,187 5,963 12,207 10,253 1,520 11,911 24,118 2,111 54.3 III 6,472 6,100 12,626 10,338 1,515 11,997 24,623 2,161 52.6 IV 6,625 6,648 13,329 10,065 1,511 11,708 25,037 2,220 52.5 Annual 25,221 24,941 50,388 40,695 5,981 47,225 97,612 8,565 212.4 2017 I 6,300 6,409 12,764 10,232 1,487 11,847 24,611 2,174 53.5 II* 6,495 6,255 12,804 10,400 1,535 12,070 24,874 2,155 55.6 III* 6,820 6,395 13,270 10,500 1,525 12,167 25,437 2,180 53.9 IV* 6,695 6,995 13,748 10,350 1,575 12,065 25,813 2,225 53.9 Annual Apr Proj. 26,500 26,095 52,818 41,525 6,110 48,185 101,003 8,775 217.3 May Proj. 26,310 26,054 52,586 41,482 6,122 48,149 100,735 8,734 216.9 2018 I* 6,545 6,590 13,187 10,400 1,510 12,045 25,232 2,205 54.8 Annual Apr Proj. NA NA NA NA NA NA NA NA NA May Proj. 26,910 26,910 54,038 42,275 6,255 49,080 103,118 8,890 222.0 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & mutton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2016 II 127.68 53.71 93.0 116.5 67.9 14.77 III 113.26 49.26 81.7 120.7 71.6 16.83 IV 107.69 37.02 78.0 116.6 81.7 17.67 Annual 120.86 46.16 84.3 117.1 85.7 16.24 2017 I 122.96 49.73 88.5 100.4 80.0 18.23 II* 128-132 46-48 97-99 98-102 74-76 16.30 -16.60 III* 115-123 45-47 83-89 102-108 81-85 17.15 -17.75 IV* 113-123 36-40 81-87 107-115 99-107 17.80 -18.70 Annual Apr Proj. 115-121 43-45 86-90 104-109 88-93 17.40 -17.90 May Proj. 120-125 44-46 87-91 102-106 83-87 17.35 -17.85 2018 I* 115-125 44-48 85-93 98-106 84-90 17.25 -18.25 Annual Apr Proj. NA NA NA NA NA NA May Proj. 113-123 42-46 85-92 104-112 87-94 17.55 -18.55 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. May 2017 WASDE - 565 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2016 683 25,288 3,016 28,987 2,550 757 25,680 55.6 2017 Proj. Apr 757 26,564 2,745 30,066 2,725 700 26,641 57.1 May 757 26,377 2,759 29,893 2,806 650 26,437 56.7 2018 Proj. Apr NA NA NA NA NA NA NA NA May 650 26,977 2,825 30,452 2,835 600 27,017 57.5 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2016 590 24,957 1,092 26,638 5,233 507 20,898 50.1 2017 Proj. Apr 507 26,111 1,045 27,663 5,670 635 21,358 50.8 May 507 26,070 1,039 27,616 5,747 635 21,234 50.5 2018 Proj. Apr NA NA NA NA NA NA NA NA May 635 26,926 935 28,496 5,965 785 21,746 51.3 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2016 1,320 50,481 4,324 56,125 7,788 1,304 47,032 107.0 2017 Proj. Apr 1,304 52,908 4,017 58,229 8,403 1,370 48,456 109.2 May 1,304 52,679 4,033 58,016 8,560 1,325 48,131 108.4 2018 Proj. Apr NA NA NA NA NA NA NA NA May 1,325 54,131 4,002 59,458 8,808 1,425 49,225 110.1 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2016 832 40,260 131 41,223 6,647 778 33,798 89.8 2017 Proj. Apr 778 41,081 140 41,999 6,925 745 34,329 90.4 May 778 41,038 137 41,953 6,976 745 34,232 90.1 2018 Proj. Apr NA NA NA NA NA NA NA NA May 745 41,823 130 42,698 7,030 750 34,918 91.3 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2016 201 5,981 50 6,232 568 279 5,386 16.7 2017 Proj. Apr 279 6,110 40 6,429 625 250 5,554 17.0 May 279 6,122 37 6,438 623 300 5,515 16.9 2018 Proj. Apr NA NA NA NA NA NA NA NA May 300 6,255 40 6,595 650 300 5,645 17.2 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2016 1,041 46,789 184 48,014 7,369 1,065 39,581 107.7 2017 Proj. Apr 1,065 47,740 183 48,988 7,690 1,003 40,295 108.6 May 1,065 47,705 177 48,947 7,738 1,053 40,156 108.3 2018 Proj. Apr NA NA NA NA NA NA NA NA May 1,053 48,627 174 49,854 7,825 1,058 40,971 109.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2016 2,361 97,269 4,508 104,139 15,157 2,369 86,613 214.6 2017 Proj. Apr 2,369 100,648 4,200 107,217 16,093 2,373 88,751 217.8 May 2,369 100,384 4,210 106,963 16,298 2,378 88,286 216.7 2018 Proj. Apr NA NA NA NA NA NA NA NA May 2,378 102,758 4,176 109,312 16,633 2,483 90,196 219.8 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready -to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. May 2017 WASDE - 565 - 33 U.S. Egg Supply and Use Commodity 2015 2016 2017 Proj. 2017 Proj. 2018 Proj. 2018 Proj. Apr May Apr May Eggs Million Dozen Supply Beginning Stocks 23.3 31.1 27.1 27.1 NA 27.0 Production 8,053.0 8,565.0 8,775.0 8,734.0 NA 8,890.0 Imports 123.5 122.1 60.0 56.2 NA 40.0 Total Supply 8,199.8 8,718.2 8,862.1 8,817.3 NA 8,957.0 Use Exports 313.6 279.2 300.0 302.8 NA 320.0 Hatching Use 995.6 1,009.6 1,035.0 1,019.7 NA 1,030.0 Ending Stocks 31.1 27.1 27.0 27.0 NA 27.0 Disappearance Total 6,859.4 7,402.3 7,500.1 7,467.8 NA 7,580.0 Per Capita (number) 256.3 274.7 275.8 274.6 NA 276.8 Total U.S. Milk Supply and Use Commodity 2015 2016 2017 Proj. 2017 Proj. 2018 Proj. 2018 Proj. Apr May Apr May Milk Billion Pounds Production 208.6 212.4 217.3 216.9 NA 222.0 Farm Use 1.0 1.0 1.0 1.0 NA 1.0 Fat Basis Supply Beg. Commercial Stocks 10.5 12.4 14.0 12.8 NA 13.2 Marketings 207.6 211.4 216.3 215.9 NA 221.0 Imports 5.7 7.0 6.3 5.9 NA 6.1 Total Cml. Supply 223.8 230.8 236.6 234.6 NA 240.2 Fat Basis Use Commercial Exports 8.5 8.9 8.2 8.5 NA 8.7 Ending Commercial Stocks 12.4 12.8 14.4 13.2 NA 12.4 CCC Donations 0.0 0.0 0.0 0.0 NA 0.0 Domestic Commercial Use 203.0 209.1 214.0 213.0 NA 219.2 Skim -solid Basis Supply Beg. Commercial Stocks 9.4 9.2 14.7 9.5 NA 10.0 Marketings 207.6 211.4 216.3 215.9 NA 221.0 Imports 6.0 6.5 6.4 6.5 NA 6.4 Total Cml. Supply 223.0 227.1 237.4 231.9 NA 237.4 Skim -solid Basis Use Commercial Exports 37.3 38.9 39.9 40.5 NA 41.1 Ending Commercial Stocks 9.2 9.5 14.7 10.0 NA 9.4 CCC Donations 0.0 0.0 0.0 0.0 NA 0.0 Domestic Commercial Use 176.6 178.8 182.9 181.4 NA 187.0 Total Note: Totals may not add due to rounding. May 2017 WASDE - 565 - 34 U.S. Dairy Prices Commodity 2015 2016 2017 Proj. 2017 Proj. 2018 Proj. 2018 Proj. Apr May Apr May Product Prices 1/ Dollars Per Pound Cheese 1.6454 1.6050 1.600 - 1.650 1.600 - 1.650 NA 1.640 - 1.740 Butter 2.0670 2.0777 2.120 - 2.200 2.115 - 2.195 NA 2.045 - 2.175 Nonfat Dry Milk 0.9016 0.8292 0.865 - 0.905 0.875 - 0.915 NA 0.915 - 0.985 Dry Whey 0.3804 0.2875 0.490 - 0.520 0.490 - 0.520 NA 0.475 - 0.505 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 15.80 14.87 16.10 - 16.60 16.10 - 16.60 NA 16.40 - 17.40 Class IV 14.35 13.77 14.30 - 14.90 14.35 - 14.95 NA 14.40 - 15.50 All Milk 3/ 17.12 16.24 17.40 - 17.90 17.35 - 17.85 NA 17.55 - 18.55 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated pla nts for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . May 2017 WASDE - 565 - 35 Reliability of May Projections 1/ Note: Tables on pages 35 -37 present a record of the May projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 3.2 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 5.4 percent. The average difference between the May pr ojection an d the final estimate is 16.5 million tons, ranging from 1.7 million to 35 million tons. The May projection has been below the estimate 22 times an d above 14 times . Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 3.2 5.4 16.5 1.7 35.0 22 14 U.S. 6.8 11.6 3.1 0.0 9.8 19 17 Foreign 3.3 5.6 15.1 1.6 32.9 21 15 Exports World 6.1 10.4 6.1 0.1 17.6 25 11 U.S. 12.7 21.6 3.1 0.0 10.2 20 15 Foreign 7.1 12.0 5.6 0.4 17.8 26 10 Domestic Use World 2.2 3.8 10.2 0.3 28.3 23 13 U.S. 7.3 12.4 1.8 0.2 6.4 18 18 Foreign 2.2 3.7 9.6 0.2 28.0 24 12 Ending Stocks World 10.4 17.6 12.5 0.3 35.9 22 14 U.S. 21.1 35.9 3.6 0.1 14.1 20 16 Foreign 10.5 17.9 10.7 2.5 31.0 21 15 COARSE GRAINS 2/ Production World 3.8 6.5 27.1 1.1 103.6 17 19 U.S. 14.4 24.5 21.1 0.9 103.8 19 17 Foreign 2.8 4.8 14.6 0.2 42.8 16 20 Exports World 7.8 13.3 7.9 1.3 20.9 25 11 U.S. 28.1 47.7 8.3 0.1 29.5 15 21 Foreign 14.1 24.0 6.9 0.3 20.8 25 11 Domestic Use World 2.1 3.5 15.6 0.4 68.4 18 18 U.S. 6.1 10.4 8.2 0.2 38.4 23 13 Foreign 2.1 3.5 12.0 0.5 32.8 18 18 Ending Stocks World 20.6 35.0 22.7 2.6 71.4 22 14 U.S. 56.9 96.5 17.4 1.3 57.6 17 19 Foreign 17.4 29.5 11.8 0.0 33.9 24 12 RICE, milled Production World 2.5 4.2 6.9 0.0 21.8 21 15 U.S. 7.3 12.3 0.3 0.0 1.0 20 16 Foreign 2.5 4.2 6.9 0.4 22.0 21 15 Exports World 9.7 16.4 1.6 0.1 7.5 27 9 U.S. 11.9 20.2 0.2 0.0 1.0 19 12 Foreign 10.4 17.6 1.5 0.2 7.1 27 9 Domestic Use World 1.9 3.3 4.9 0.0 19.4 24 12 U.S. 9.4 16.0 0.2 0.0 0.6 13 22 Foreign 2.0 3.3 4.9 0.2 20.0 25 11 Ending Stocks World 14.3 24.3 5.3 0.1 17.0 24 12 U.S. 33.4 56.6 0.3 0.0 0.9 19 15 Foreign 15.7 26.7 5.3 0.1 16.7 24 12 1/ Footnotes at end of table. CONTINUED May 2017 WASDE - 565 - 36 Reliability of May Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World NA NA 11.7 1.5 23.1 5 3 U.S. 9.0 15.3 4.6 0.0 13.8 18 18 Foreign NA NA 7.3 0.7 16.9 7 1 Exports World NA NA 6.4 0.6 10.6 7 1 U.S. 15.8 26.8 3.1 0.0 6.8 20 15 Foreign NA NA 3.7 0.7 12.3 6 2 Domestic Use World NA NA 6.8 1.2 12.1 5 3 U.S. 6.5 11.0 2.1 0.2 7.5 22 14 Foreign NA NA 5.8 0.2 10.8 5 3 Ending Stocks World NA NA 9.5 4.6 19.2 4 4 U.S. 61.0 103.6 2.9 0.2 8.4 11 25 Foreign NA NA 8.3 1.0 15.7 5 3 COTTON Million 480 -Pound Bales Production World 6.3 10.7 4.3 0.1 16.7 22 14 U.S. 11.3 19.2 1.6 0.1 5.5 18 18 Foreign 6.4 10.9 3.4 0.1 12.2 20 16 Exports World 10.5 17.7 2.2 0.1 12.4 20 16 U.S. 30.6 51.9 1.4 0.1 3.9 22 14 Foreign 13.5 23.0 1.7 0.1 10.4 19 17 Domestic Use World 4.5 7.7 3.1 0.1 17.2 14 22 U.S. 9.7 16.5 0.5 0.0 1.4 17 18 Foreign 4.6 7.8 3.0 0.0 16.6 16 20 Ending Stocks World 18.2 30.9 6.5 1.0 18.1 24 12 U.S. 44.4 75.4 1.5 0.0 4.3 16 20 Foreign 17.3 29.3 5.5 0.1 17.2 24 12 1/ Marketing years 1981/82 through 2016/17 for grains, soybeans (U.S. only), and cotton. Marketing years 2009/10 through 2016/17 for global and foreign soybeans. Final for grains, soybeans, and cotton is defined as the first November estimate following th e marketing year for 1981/82 through 2015/16, and for 2016/17 the last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. May 2017 WASDE - 565 - 37 Reliability of United States May Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 15.3 26.0 745 8 4,010 15 21 Exports 29.3 49.8 299 0 1,100 16 19 Domestic Use 6.5 11.1 321 11 1,538 24 12 Ending Stocks 68.3 115.9 623 41 2,091 17 19 SORGHUM Production 20.8 35.2 91 0 228 16 19 Exports 33.0 56.1 45 0 190 17 18 Domestic Use 25.5 43.2 55 0 162 15 20 Ending Stocks 72.4 122.9 51 1 238 13 23 BARLEY Production 14.5 24.6 28 1 206 14 22 Exports 79.6 135.0 15 0 92 18 15 Domestic Use 11.6 19.7 30 0 95 17 18 Ending Stocks 21.3 36.2 23 0 78 17 18 OATS Production 25.5 43.2 32 1 231 9 27 Exports 115.1 195.3 1 0 8 9 12 Domestic Use 11.0 18.6 21 0 160 13 22 Ending Stocks 33.8 57.3 18 0 77 11 22 SOYBEAN MEAL Thousand Short Tons Production 5.8 9.9 1,332 0 5,344 22 13 Exports 18.3 31.1 1,002 0 2,750 21 14 Domestic Use 4.6 7.8 868 24 4,950 18 18 Ending Stocks 43.5 73.9 55 0 388 11 15 SOYBEAN OIL Million Pounds Production 5.5 9.3 648 18 2,500 25 11 Exports 36.3 61.5 491 25 1,700 20 16 Domestic Use 4.0 6.7 436 8 1,800 21 15 Ending Stocks 37.7 64.0 474 25 1,702 22 14 ANIMAL PROD. 3/ Million Pounds Beef 4.0 6.9 775 40 2,727 16 7 Pork 3.4 5.8 533 61 1,722 15 7 Broilers 2.5 4.3 697 80 1,640 10 13 Turkeys 4.1 7.0 171 2 500 12 11 Million Dozen Eggs 1.6 2.8 98 2 300 14 9 Billion Pounds Milk 1.6 2.8 2.1 0.0 6.7 11 9 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2016/17 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2015/16, and for 2016/17 the last month’s estimate. Calendar years 1994 through 2016 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate publish ed by NASS for 1994 -2016. WASDE -565-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Dema nd Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data f or grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report ar e provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 WASDE Notification System Subscribers are notified through GovDelivery when the monthly World Agricultural Supply and Demand Estimates (WASDE) report is available. Previous WASDE reports are available at http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1194 For questions contact: Susan Carter at 202- 720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE -565 – May 10, 2017 WASDE Briefing Slides : The briefing slides which accompany today’s WASDE report will be available at http://www.usda.gov/oce/commodity/wasde/ Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e -mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu. Select the “Reports by E -Mail” bar to sign up. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

O C W W r f c a s b G t m c a o 0 u m e C s r G e ( l a t F r O p $ G m ISSN: 1554-9 Office of the Chief Econo m WASDE - 5 6 WHEAT: U reflecting a following t h changes r e at 1,139 m season-a v bushel on Global wh e the India a million, w h crop is re d are lower e offsetting i 0.5 million use. Viet n million ton s ending st o COARSE seed and i raised 25 m Grain Cru s ethanol pr o (EIA) data owered 3 5 average c o to $3.60 p e Forecast U reflecting t Offsetting projected t $2.70 refl e Global co a month to 1 089 mist 62 U.S. 2016 / a strong p a he Febru a esulted in million bus h verage far m strengthe n eat suppli e and Kazak hich is well duced 1.5 m ed 0.4 milli ncreases tons with nam and C s, respect ocks are lo GRAINS: ndustrial ( million bu s shings an d oduction d . Non-eth 5 million b orn price r er bushel, U.S. sorgh the slow p a is a proje c to averag e ecting the c arse grain ,329.0 mi W an Agri Farm Approve d /17 wheat ace to dat e ary 1 relea s a net 47- m hels, whic h m price is ning cash es are lo w hstan cro p below th e million ton on tons w for Argent higher fe e China feed ively. Wit h wered 4. 7 This mo n (FSI) use a shels to 5, d Co-Prod u during Jan anol FSI i s ushels fro received b y with the m um expor t ace of ex p cted incre a e $2.50 to current w e productio n llion. Thi s World nd D icultural Ma r m Service A g d by the Wo r exports a e. Food u se of NA S million-bu s h would st raised $0. prices. wered 4.2 m ps. Indian e latest go s on upd a ith reducti ina and U ed and re s and resid h global s u 7 million to nth’s 2016 / and reduc e 350 millio n ucts Prod u uary as in d s raised 1 0 m last mo y produce midpoint u n ts are low e port comm ase in fee d $2.90 per eak relatio n for 2016 s month’s fd Agr ema rketing Ser v gency rld Agricultu re raised 5 use is low e SS’ Flour M shel reduc t ill be the l a 05 at the m million ton s producti o vernment ated gover ons for K a kraine. T o sidual use ual use is upplies fal ns this m o /17 U.S. c ed stocks . n based o n uction repo dicated b y 0 million b nth. The p rs is narr o nchanged ered 25 m itments th d and resi d bushel, d o nship to c o /17 is for e foreign co aricult nd E vice ral Outlook 50 million ered 3 mill Milling Pro d tion in en d argest sin c midpoint o s primaril y on is lowe r of India e s rnment st a azakhstan otal global partially o raised 1. 3 ling and t o onth. orn outlo o . Corn us e n the mos ort, and s t y Energy I n bushels. C projected owed 10 c e at $3.40. illion bus h hrough Ja n dual use. own 20 c e orn prices ecast 1.4 m arse graintural Estim Economi c Foreign A Board bushels t o ion bushe ducts repo ding stock s ce the lat e of the ran g y due to s h red 3.0 mil stimate. T atistics. F o and Rus s use for 2 0 offset by a 3 million t o otal use in ok is for in c ed to pro d t recent d a trong pac e nformatio n Corn endi n range for t ents on e a hels from l a nuary, par t Grain sor g ents at the in interio r million ton s n outlook i sSup mates c Research S Agricultural S Februar y o 1,025 mi ls to 960 m ort. Thes e s, now pr o e 1980’s. T ge to $3.8 5 harp redu c lion tons t The Kaza k oreign ex p sia more t h 016/17 is r decline in ons and 1. creasing, creased f o duce etha n ata from t h e of weekl y n Adminis t ng stocks a the seaso ach end to ast month ticularly t o ghum pric midpoint r markets. s higher fr o s for incre aply s Service Service y 9, 2017 illion million e ojected The 5 per ctions in to 87.0 khstan ports han raised food 0 world ood, nol is he y tration are n- $3.20 , o China. es are to om last ased WASDE-562-2 production, consumption, and trade relative to last month. Mexico corn production is projected to be record high , as government data indicate s higher planted area and a lower level of abandonment follo wing a favorable summer growing season. Sorghum production is lowered as pr oducers reduced plantings in fa vor of corn due to the prevalence of the sugarcane aph id. Ukraine corn production is raised on a forecast record-high yield, based on th e latest harvest results to date. Barley production is lowered for Iran, but raised for Kazakhstan. Major global trade c hanges for 2016/17 this month include higher projected corn exports for Ukraine and Canada. Corn imports are raised for Iran and Vietnam, while sorghum imports are lowered fo r China. Forecast 2016/17 corn feed and residual use for China is raised, re flecting sharply reduced imports of corn subs titutes, relatively low internal market prices and efforts by the government to promote use of domestic supplies. Projected FSI use for China is increased as lower prices and government support are expected to boos t domestic use and exports of corn-based industrial products. Foreign corn ending stocks are lowered from la st month, with reductions for China and the EU only partially offset by increases for Paraguay and Mexico. RICE: U.S. 2016/17 rice expo rts are lowered 2.0 million cwt to 110.0 million. Long- grain milled exports account for the entire reducti on and reflect the sales and shipment pace to date . U.S. ending stocks are rais ed by an equal amount and are the highest since 1985/86. Th e 2016/17 all rice season-av erage farm pr ice range is raised $0.10 per cwt at the midpoint to $10.50. The long- grain, and the Other States medium- and short-grain season-averag e prices are both increased. Global rice supplies for 2016/1 7 are raised fractionally this month. World exports are raised 0.5 million tons led by increases for Thailand an d India. Global use is raised 0.8 million tons resulting in a 0.8 million ton reduction in the wo rld ending stocks forecast. Global ending stocks are projec ted to be the larges t since 2001/02. OILSEEDS: U.S. soybean supply and use projections for 2016 /17 are unchanged this month, leaving ending stocks at 420 million bushels. Soybean exports are projected at 2,050 million bus hels, up 114 million from last year. Although soybean export commitments through January are significantl y higher than a year ago, competition from expected reco rd South American exports w ill limit U.S. shipments to well below last year’s record levels this summer. The U.S. season-average soybean price r ange for 2016/17 is proj ected at $9.10 to $9.90 per bushel, unchan ged at the midpoint from last mo nth. Soybean oil prices are forecast at 34 to 37 cents per pound, and soybean meal prices are projected at $310 to $340 per short ton, bo th unchanged at the midpo int from last month. The 2016/17 global oilseeds supply and demand estimates incl ude lower production and ending stocks compar ed to last month. Oilseed production is projected down 0.6 million tons to 554.2 million, with lower soybean producti on only partly offset by higher WASDE-562-3 sunflowerseed, rapeseed, and cottonseed. Global soybean production is down 1.2 million tons to 336.6 million mainly on a 1. 5-million-ton reduction for Argentina where heavy rain impacted the expected harvested area. Partially offsetting is a 0.3-million- ton increase for Ukraine on hi gher yields. Global soybean crush is raised 0.4 million tons to 290.7 mill ion, largely driven by the most recent crush data for Argentina. Global sunflowerseed production is raised 0.5 million tons to 44.8 million on increases for Ukraine, Kazakh stan, and the EU. Global oilseed trade is projec ted up 0.7 million tons to 161.0 million tons. Increased exports of soybeans from Ukraine, rapeseed from Cana da, and sunflo werseed from Argentina account for most of the change. Global oilseed st ocks are projected lower, mostly reflecting reduced so ybean stocks for Argentina and reduced rapeseed stocks for Canada. SUGAR: U.S. cane sugar producti on for 2016/17 is reduced by 72,803 short tons, raw value (STRV). Almost a ll the reduction is based on industry reporting in Florida indicating less sugarcane acr eage and slightly lower yields than previously forecast. U.S. exports for 2016/17 are now projected at 75,000 STRV on indications of planned beet sugar exports of 50,000 this fiscal year. This increase is matched by an equivalent increase in raw sugar re-export impo rts. No change is made this month in deliveries for human consumpt ion. Although, beet sugar de liveries have been strong through the fiscal year’s firs t quarter, bulk cane sugar de liveries are far below trend with significant year-over-year declines in delive ries to bakery/cereal, confectionery, and multiple and other food use manufacturers. Addi tionally, although projected imports from Mexico are unchanged from last month, there remains market uncertainty regarding av ailability of sugar imported from Mexico as a result of ongoing talks concerning the AD and CVD Suspension Agreemen ts. Ending stocks for 2016/17 are projected at 1.808 million STRV, implying an en ding stocks-to-use ratio of 14.8 percent, down from last month’s 15.4 percent. There are no changes to the Mexico 2016/17 sugar supply and use this month. LIVESTOCK, POULTRY, AND DAIRY: Estimated red meat and poultry production for 2016 was adjusted to reflec t December slaughter data. Total red meat and poultry production for 2017 is lowered, largely re flecting decreased pork and poultry forecasts. Beef production is raised. Placem ents and marketings for the year are raised, resulting in higher cattle slaugh ter. The January Cattle inventory report estimated that total cattle and calf numbers on January 1, 2017 increased for the third consecutive year. Beef cow numbers were above 2016, and producer s indicated they were holding more heifers for addition to the breeding herd. The report also indicated a year-over-year increase in the number of cattle outside feedlots. The January Cattle on Feed report showed higher t han expected placement numbers in December, implying that larger numbers of fed cattle w ill be marketed during the spring quarter. Cattle weights are reduc ed for 2017 as producers are ex pected to remain current in feedlot marketings. Pork pr oduction in the first quarter is reduced on the current pace of slaughter and slightly ligh ter carcass weights. Broile r production is lowered as WASDE-562-4 increases in production in the first quarter are more than offset by reductions in the second half of the year. Tabl e egg production is increas ed on hatche ry data and expectations of relatively favo rable returns, but this is more than offset by a lowered hatching egg producti on forecast. No c hanges were made to tu rkey production. Livestock trade estimates for 2016 are adjust ed to reflect Decemb er data. For 2017, forecast beef imports are raised on expectations of higher shipments of processing beef from Oceania. Robust demand for U.S. beef suppor ts higher forecast beef exports for the year. No c hanges are made to pork, poultry and egg trade forecasts. Cattle, hog, and broiler price forecasts are raised to refl ect demand strength. Turkey prices are forecast lower on current prices. Egg prices ar e increased on current price strength. The milk production forecast fo r 2017 is raised from last month. Im proved returns in 2017 are expected to result in a slightly hi gher forecast cow invent ory during the late part of 2017. Milk ou tput per cow is also raised as improved re turns are expected to support continued improvements in the quality of dairy rations. Begi nning stocks on both a fat and skim-solids bas is are raised from last mo nth on December 31 storage data; stocks at the end of 20 17 are raised, refl ecting increased b eginning inventories and higher dairy product pr oduction in 2017. Fat-basis imports are reduced as domestic butterfat is expecte d to be more competitive with the EU; skim-solids imports are unchanged. Fat basis export s are unchanged and skim-solids basis exports are raised slightly. Skim-solids imports are vi rtually unchanged as weaker exports of nonfat dry mi lk (NDM) are offset with stronge r whey sales. For 2016, milk production, output per cow, trade, and st ock estimates are upd ated based on data through December. Cheese and butter price forecasts are lo wered as product producti on is expected to reflect higher forecast milk production and beginning sto cks are relatively high. The nonfat dry milk price forecast is unchanged, but the whey pr ice is raised from last month on the strength of domes tic and international demand. The Class III price is raised as the higher whey price more than offsets the lower cheese price forecast. The Class IV price is reduced as the butter price forecast is lowered. The all milk price is forecast higher at $17.70 to $18. 40 per cwt. COTTON: The 2016/17 U.S. cotton supply and demand forecasts show slightly higher exports and lower endin g stocks relative to last month. Production and domestic mill use are unchanged. The export forecast is rais ed 200,000 ba les to 12.7 million based on strong ex port sales during January. Ending stocks are now estimated at 4.8 million bales, equivalent to 30 percent of tota l disappearance. The marketing year average price received by producers is pr ojected to average between 67 and 71 cents per pou nd, an increase of 2 cents on both ends of the range, as recent market prices have e xceeded previous expectations. T e e a I m A S C The 2016/ ending st o estimate f o and Turk m ndia, Ban g million bal e Approved b y Seth D. Mey e Committees. 17 world c ocks. Wor l or China i s menistan. G gladesh, a es. y the Secret a er, (202) 72 cotton for e ld product s mostly o f Global co n and Vietn a ary of Agric u 0-6030. Th WA ecasts incl u ion is virt u ffset by lo w nsumption am. World ulture and t h is report w a ASDE-562-5 ude slightl ually unch a wer expe c is foreca s ending s t he Chairma n as prepared APPRO V MICHAE SECRE T y higher c anged fro m ctations fo r st higher, d tocks are n n of the Wo r by the Inte r VED BY: EL YOUNG TARY OF A consumpti o m last mo n r Pakistan due mainl y now proje c rld Agricultu ragency Co m GRICULT U on and lo w nth, as a h , Uzbekis t y to incre a cted at 89 . ral Outlook mmodity Es t URE DESI Gwer igher tan, ases for .9 Board, timates GNATE N D E INTE Note: The W Demand Est i Estimates C o Wheat: Jennife r Rice: W Nathan Feed G r Tom C a Oilsee d Mark A s Cotton:Darryl E Sugar: Michael Meat A n Sherry W Poultry Larry H a Dairy: S Carolyn In 2 JunERAGE N World Agric u imates (WA ommittees ( William C r Bond, ER William Ch a Childs, E R rains: Mich apehart, E R ds: Keith M sh, ERS; B i Carol Sk e Earnest, A M Stephen H McConnel nimals: Sh Wise, AMS : Shayle S aller, AMS; Shayle Sh a Liebrand, 2017, the W n. 9, Jul. 1 2NCY C O ultural Outlo o SDE) repor t (ICECs) tha t hambers, I S; Andrew ambers, IC E RS; Rachel hael Jewis o RS; Yoonh e Menzie, IC E ill George, elly, ICEC C MS; Leslie M Haley, ICE C l, ERS; Ro hayle Sha g ; Mildred H Shagam, I C Sean Ra m agam, ICE C AMS; Jerr y WASDE re p 2, Aug. 10, WA OMMODI ok Board re v t. The Boa r t prepare th e CEC Chai r Sowell, F A EC Chair, W Trego, FA S on, ICEC C ee Macke, F EC Chair, W FAS; Sus a Chair, WA O Meyer, ER S C Chair, W A n Lord, F A gam, ICEC Haley, ERS ; CEC Chair, mos, ERS; T C Chair, W y Cessna, E port will be Sep. 12, O ASDE-562-6 TY EST views and a p rd’s analyst s e monthly r e r, WAOB, E AS; Mark S WAOB, E-m S; Mark Si m Chair, WAO FAS; Susa n WAOB, E-m an Prope r, F OB, E-mail : S; James J AOB, E-ma AS; Barbar a Chair, WA O ; Lindsay K WAOB, E-m Tyler Cozz e AOB, E-ma ERS; Paul released o Oct. 12, No v IMATE S approves th e s chair the I n eport. E-mail : wc h imone, FS A mail: wcha mone, FS A OB, E-mail : n Prope r, F mail: kmen z FSA. : cskelly @ ohnson, F A ail: shaley @ a Fecso, F S OB, E-mai l Kuberka, F A mail: ssh a ens, FAS; ail: sshag a Kiendl, FA on Mar. 9, A v. 9, Dec. 1 S COM M e World Agr i nteragency hambers@ A. mbers @o c A. mjewison @ FSA. [email protected] s @oce.usda. g AS; Sherri e @oce.usd a SA. l: sshaga m AS; Dale L e agam@oce Milton Ma d [email protected] s S; Milton M Apr. 11, M a 2 MITTEE S icultural Su p Commodity oce.usda. g ce.usda.g o @oce.usda. g sda.gov gov e Grimm, F a.gov [email protected] d euck, FSA. .usda.gov dison, FSA . sda.gov Madison, F S ay 10, S pply and gov ov gov SA. da.gov . SA. WASDE-562-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................... 1 Interagency Commodity Estimates Committees ..................................................... 6 World & U.S. Supply & Use for Grains ................................................................... 8 World & U.S. Supply & Use for Cotton ................................................................... 9 World & U.S. Supply & Use for Oilseeds .............................................................. 10 U.S. Wheat Supply & Use .................................................................................... 11 U.S. Wheat Supply & Use by Class ..................................................................... 11 U.S. Feed Grain & Corn Supply & Use ................................................................ 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13 U.S. Rice Supply & Use ....................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................ 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ............................................................................. 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use .................................................................................. 18 World Coarse Grains Supply & Use ..................................................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use ..................................................................................... 24 World Cotton Supply & Use ................................................................................. 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ..................................................................... 29 World Soybean Oil Supply & Use......................................................................... 30 U.S. Quarterly Animal Product Production ........................................................... 31 U.S. Quarterly Prices for Animal Products ........................................................... 31 U.S. Meats Supply and Use ................................................................................. 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use .................................................................................... 33 U.S. Dairy Prices ................................................................................................. 34 Reliability Tables ................................................................................................. 35 Related USDA Reports ........................................................................................ 38 Metric Conversion Factors ................................................................................... 38 Electronic Access and Subscriptions ....................................................................... 40 February 2017 WASDE - 562 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Outpu tTotal SupplyTrade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2014/15 2514.46 3034.29 394.11 2454.97 579.32 2015/16 (Est.) 2456.26 3035.58 377.62 2432.33 603.26 filler filler filler filler filler 2016/17 (Proj.) Jan 2560.36 3163.05 404.29 2537.22 625.82 2016/17 (Proj.) Feb 2557.40 3160.65 406.13 2543.41 617.24 filler filler filler filler filler Wheat 2014/15 728.28 923.20 164.42 705.70 217.51 2015/16 (Est.) 735.59 953.09 172.79 712.33 240.77 filler filler filler filler filler 2016/17 (Proj.) Jan 752.69 993.18 178.05 739.89 253.29 2016/17 (Proj.) Feb 748.24 989.00 178.99 740.40 248.61 filler filler filler filler filler Coarse Grains 5/ 2014/15 1307.63 1518.67 186.11 1271.81 246.86 2015/16 (Est.) 1248.63 1495.49 164.64 1249.45 246.03 filler filler filler filler filler 2016/17 (Proj.) Jan 1327.66 1573.35 185.41 1319.52 253.82 2016/17 (Proj.) Feb 1329.03 1575.06 185.78 1324.39 250.67 filler filler filler filler filler Rice, milled 2014/15 478.55 592.42 43.58 477.46 114.96 2015/16 (Est.) 472.04 587.01 40.19 470.55 116.46 filler filler filler filler filler 2016/17 (Proj.) Jan 480.02 596.52 40.83 477.81 118.71 2016/17 (Proj.) Feb 480.13 596.59 41.36 478.63 117.96 filler filler filler filler filler United States Outpu tTotal Supply Trade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2014/15 439.49 499.23 83.28 346.98 68.98 2015/16 (Est.) 429.26 506.00 81.59 348.28 76.14 filler filler filler filler filler 2016/17 (Proj.) Jan 472.57 556.41 93.13 365.68 97.61 2016/17 (Proj.) Feb 472.57 556.50 93.79 367.21 95.51 filler filler filler filler filler Wheat 2014/15 55.15 75.33 23.52 31.33 20.48 2015/16 (Est.) 56.12 79.67 21.09 32.02 26.55 filler filler filler filler filler 2016/17 (Proj.) Jan 62.86 92.81 26.54 33.99 32.29 2016/17 (Proj.) Feb 62.86 92.81 27.90 33.91 31.01 filler filler filler filler filler Coarse Grains 5/ 2014/15 377.23 414.99 56.70 311.34 46.95 2015/16 (Est.) 367.01 417.89 57.07 312.70 48.11 filler filler filler filler filler 2016/17 (Proj.) Jan 402.60 454.26 63.03 327.49 63.74 2016/17 (Proj.) Feb 402.60 454.35 62.40 329.10 62.85 filler filler filler filler filler Rice, milled 2014/15 7.11 8.91 3.06 4.30 1.55 2015/16 (Est.) 6.13 8.45 3.42 3.55 1.48 filler filler filler filler filler 2016/17 (Proj.) Jan 7.12 9.34 3.56 4.19 1.59 2016/17 (Proj.) Feb 7.12 9.34 3.49 4.19 1.66 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). February 2017 WASDE - 562 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Outpu tTotal Supply Trade 2 /Total UseEnding Stocks Total Grains 4/ 2014/15 2,074.98 2,535.06 310.83 2,108.00 510.35 2015/16 (Est.) 2,027.00 2,529.58 296.03 2,084.05 527.12 filler filler filler filler filler 2016/17 (Proj.) Jan 2,087.79 2,606.63 311.17 2,171.55 528.21 2016/17 (Proj.) Feb 2,084.82 2,604.15 312.35 2,176.21 521.73 filler filler filler filler filler Wheat 2014/15 673.13 847.87 140.90 674.36 197.03 2015/16 (Est.) 679.47 873.42 151.70 680.30 214.21 filler filler filler filler filler 2016/17 (Proj.) Jan 689.83 900.36 151.51 705.90 221.00 2016/17 (Proj.) Feb 685.38 896.19 151.10 706.48 217.60 filler filler filler filler filler Coarse Grains 5/ 2014/15 930.40 1,103.68 129.41 960.47 199.91 2015/16 (Est.) 881.62 1,077.60 107.57 936.75 197.92 filler filler filler filler filler 2016/17 (Proj.) Jan 925.06 1,119.08 122.38 992.03 190.09 2016/17 (Proj.) Feb 926.43 1,120.71 123.39 995.28 187.83 filler filler filler filler filler Rice, milled 2014/15 471.45 583.51 40.52 473.16 113.41 2015/16 (Est.) 465.91 578.55 36.77 466.99 114.98 filler filler filler filler filler 2016/17 (Proj.) Jan 472.90 587.19 37.28 473.62 117.12 2016/17 (Proj.) Feb 473.02 587.25 37.87 474.44 116.30 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales Outpu tTotal Supply Trade 2 /Total Use 3 /Ending Stocks World 2014/15 119.19 222.50 35.32 111.41 111.73 2015/16 (Est.) 96.47 208.20 35.28 111.25 96.83 filler filler filler filler filler 2016/17 (Proj.) Jan 105.34 202.23 35.64 111.76 90.65 2016/17 (Proj.) Feb 105.42 202.25 35.74 112.52 89.90 filler filler filler filler filler United States 2014/15 16.32 18.68 11.25 3.58 3.65 2015/16 (Est.) 12.89 16.57 9.15 3.45 3.80 filler filler filler filler filler 2016/17 (Proj.) Jan 16.96 20.77 12.50 3.30 5.00 2016/17 (Proj.) Feb 16.96 20.77 12.70 3.30 4.80 filler filler filler filler filler Foreign 4/ 2014/15 102.87 203.82 24.07 107.84 108.08 2015/16 (Est.) 83.59 191.63 26.13 107.80 93.03 filler filler filler filler filler 2016/17 (Proj.) Jan 88.38 181.46 23.14 108.46 85.65 2016/17 (Proj.) Feb 88.46 181.48 23.04 109.22 85.10 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. February 2017 WASDE - 562 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Outpu tTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2014/15 536.86 614.55 147.13 440.32 93.14 2015/16 (Est.) 521.95 615.09 153.58 448.22 89.51 filler filler filler filler filler 2016/17 (Proj.) Jan 554.80 644.22 160.26 467.54 93.71 2016/17 (Proj.) Feb 554.19 643.71 160.98 468.52 91.67 filler filler filler filler filler Oilmeals 2014/15 300.34 314.17 86.14 294.12 16.19 2015/16 (Est.) 307.07 323.26 86.92 304.91 14.60 filler filler filler filler filler 2016/17 (Proj.) Jan 320.19 334.53 91.54 316.87 13.30 2016/17 (Proj.) Feb 320.54 335.14 91.63 316.73 13.74 filler filler filler filler filler Vegetable Oils 2014/15 177.18 200.87 76.55 171.66 23.70 2015/16 (Est.) 177.24 200.94 73.60 178.35 20.01 filler filler filler filler filler 2016/17 (Proj.) Jan 186.95 207.04 78.46 184.95 18.29 2016/17 (Proj.) Feb 187.35 207.36 78.58 184.92 18.51 filler filler filler filler filler United States Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2014/15 116.03 121.83 51.12 55.11 6.76 2015/16 (Est.) 115.88 123.76 53.79 55.05 6.87 filler filler filler filler filler 2016/17 (Proj.) Jan 127.31 135.78 56.88 57.24 12.87 2016/17 (Proj.) Feb 127.31 135.79 56.88 57.05 12.95 filler filler filler filler filler Oilmeals 2014/15 43.28 47.44 12.15 35.00 0.29 2015/16 (Est.) 42.87 47.23 11.21 35.71 0.30 filler filler filler filler filler 2016/17 (Proj.) Jan 43.94 48.43 10.88 37.21 0.34 2016/17 (Proj.) Feb 43.87 48.36 10.88 37.15 0.34 filler filler filler filler filler Vegetable Oils 2014/15 10.94 16.14 1.17 13.68 1.29 2015/16 (Est.) 11.20 17.03 1.25 14.54 1.24 filler filler filler filler filler 2016/17 (Proj.) Jan 11.62 17.45 1.24 14.99 1.23 2016/17 (Proj.) Feb 11.61 17.61 1.24 15.12 1.25 filler filler filler filler filler Foreign 3/ OutputTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2014/15 420.83 492.72 96.02 385.21 86.39 2015/16 (Est.) 406.07 491.33 99.80 393.17 82.65 filler filler filler filler filler 2016/17 (Proj.) Jan 427.49 508.43 103.38 410.31 80.84 2016/17 (Proj.) Feb 426.88 507.91 104.10 411.46 78.72 filler filler filler filler filler Oilmeals 2014/15 257.07 266.72 74.00 259.11 15.90 2015/16 (Est.) 264.20 276.03 75.71 269.19 14.30 filler filler filler filler filler 2016/17 (Proj.) Jan 276.26 286.10 80.66 279.66 12.96 2016/17 (Proj.) Feb 276.67 286.78 80.75 279.58 13.40 filler filler filler filler filler Vegetable Oils 2014/15 166.25 184.73 75.38 157.98 22.42 2015/16 (Est.) 166.03 183.91 72.35 163.81 18.77 filler filler filler filler filler 2016/17 (Proj.) Jan 175.33 189.58 77.22 169.97 17.06 2016/17 (Proj.) Feb 175.74 189.75 77.34 169.80 17.26 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. February 2017 WASDE - 562 - 11 U.S. Wheat Supply and Use 1/ 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Jan Feb Million Acres Area Planted 56.8 55.0 50.2 50.2 Area Harvested 46.4 47.3 43.9 43.9 Bushels Yield per Harvested Acre 43.7 43.6 52.6 52.6 Million Bushels Beginning Stocks 590 752 976 976 Production 2,026 2,062 2,310 2,310 Imports 151 113 125 125 Supply, Total 2,768 2,927 3,410 3,410 Food 958 957 963 960 Seed 79 67 61 61 Feed and Residual 114 152 225 225 Domestic, Total 1,151 1,177 1,249 1,246 Exports 864 775 975 1,025 Use, Total 2,015 1,952 2,224 2,271 Ending Stocks 752 976 1,186 1,139 Avg. Farm Price ($/bu) 2/ 5.99 4.89 3.75 - 3.85 3.80 - 3.90 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winte rHard Red SpringSoft Red Winte r White Durum Total Millio n Bushel s 2015/16 (Est.) Beginning Stocks 294 212 154 67 26 752 Production 830 568 359 221 84 2,062 Supply, Total 3/ 1,130 828 531 294 143 2,927 Domestic Use 458 304 255 73 86 1,177 Exports 226 252 120 147 29 775 Use, Total 685 556 375 220 116 1,952 Ending Stocks, Total 446 272 157 74 28 976 2016/17 (Proj.) Beginning Stocks 446 272 157 74 28 976 Production 1,082 493 345 286 104 2,310 Supply, Total 3/ 1,533 803 542 367 165 3,410 Domestic Use 541 291 231 95 88 1,246 Exports 425 315 85 175 25 1,025 Use, Total 966 606 316 270 113 2,271 Ending Stocks, Total Feb 567 197 226 97 52 1,139 Ending Stocks, Total Jan 597 205 226 106 52 1,186 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing-year weighted average price received by farmers. 3/ Includes imports. February 2017 WASDE - 562 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Jan Feb Million Acres Area Planted 103.5 103.2 106.6 106.6 Area Harvested 93.1 93.0 96.5 96.5 Metric Tons Yield per Harvested Acre 4.05 3.94 4.17 4.17 Million Metric Tons Beginning Stocks 34.3 46.9 48.1 48.1 Production 377.1 366.7 402.3 402.3 Imports 3.2 3.7 3.3 3.4 Supply, Total 414.6 417.4 453.7 453.8 Feed and Residual 138.5 135.6 147.6 148.3 Food, Seed & Industrial 172.5 176.6 179.4 180.2 Domestic, Total 310.9 312.2 326.9 328.6 Exports 56.7 57.1 63.0 62.4 Use, Total 367.6 369.3 390.0 390.9 Ending Stocks 46.9 48.1 63.7 62.8 CORN 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. January February Million Acres Area Planted 90.6 88.0 94.0 94.0 Area Harvested 83.1 80.8 86.7 86.7 Bushels Yield per Harvested Acre 171.0 168.4 174.6 174.6 Million Bushels Beginning Stocks 1,232 1,731 1,737 1,737 Production 14,216 13,602 15,148 15,148 Imports 32 67 55 55 Supply, Total 15,479 15,401 16,940 16,940 Feed and Residual 5,280 5,131 5,600 5,600 Food, Seed & Industrial 2/ 6,601 6,635 6,760 6,795 Ethanol & by-products 3/ 5,200 5,206 5,325 5,350 Domestic, Total 11,881 11,766 12,360 12,395 Exports 1,867 1,898 2,225 2,225 Use, Total 13,748 13,664 14,585 14,620 Ending Stocks 1,731 1,737 2,355 2,320 Avg. Farm Price ($/bu) 4/ 3.70 3.61 3.10 - 3.70 3.20 - 3.60 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access th e data on the Web through the Feed Grains Database at www.ers.usda.gov/data-products/feed-grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average pric e received by farmers. February 2017 WASDE - 562 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Jan Feb Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 7.1 8.5 6.7 6.7 Area Harvested (mil. acres) 6.4 7.9 6.2 6.2 Yield (bushels/acre) 67.6 76.0 77.9 77.9 Beginning Stocks 34 18 37 37 Production 433 597 480 480 Imports 0511 Supply, Total 467 620 518 518 Feed and Residual 82 103 105 130 Food, Seed & Industrial 15 142 125 125 Total Domestic 97 245 230 255 Exports 352 339 250 225 Use, Total 449 583 480 480 Ending Stocks 18 37 38 38 Avg. Farm Price ($/bu) 2/ 4.03 3.31 2.65 - 3.15 2.50 - 2.90 Filler Filler Filler Filler Filler BARLEY 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. January February Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.0 3.6 3.1 3.1 Area Harvested (mil. acres) 2.5 3.2 2.6 2.6 Yield (bushels/acre) 72.7 69.1 77.9 77.9 Beginning Stocks 82 79 102 102 Production 182 218 199 199 Imports 24 19 16 16 Supply, Total 287 315 317 317 Feed and Residual 43 50 55 55 Food, Seed & Industrial 151 153 153 153 Total Domestic 194 202 208 208 Exports 14 11 6 6 Use, Total 209 213 214 214 Ending Stocks 79 102 103 103 Avg. Farm Price ($/bu) 2/ 5.30 5.52 4.60 - 5.20 4.70 - 5.20 Filler Filler Filler Filler Filler OATS 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. January February Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.8 3.1 2.8 2.8 Area Harvested (mil. acres) 1.0 1.3 1.0 1.0 Yield (bushels/acre) 67.9 70.2 66.0 66.0 Beginning Stocks 25 54 57 57 Production 70 90 65 65 Imports 1 0 98 69 09 5 Supply, Total 204 229 212 217 Feed and Residual 71 93 85 90 Food, Seed & Industrial 77 77 78 78 Total Domestic 148 170 163 168 Exports 2222 Use, Total 150 172 165 170 Ending Stocks 54 57 47 47 Avg. Farm Price ($/bu) 2/ 3.21 2.12 1.80 - 2.10 1.95 - 2.15 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. February 2017 WASDE - 562 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Jan Feb Million Acres Area Planted 2.95 2.63 3.15 3.15 Area Harvested 2.93 2.59 3.10 3.10 Filler Pounds Yield per Harvested Acre 7,576 7,472 7,237 7,237 Million Hundredweight Beginning Stocks 2/ 31.8 48.5 46.5 46.5 Production 222.2 193.1 224.1 224.1 Imports 24.6 24.1 23.5 23.5 Supply, Total 278.7 265.8 294.1 294.1 Domestic & Residual 3/ 134.4 111.6 132.0 132.0 Exports, Total 4/ 95.7 107.7 112.0 110.0 Rough 31.8 38.2 43.0 43.0 Milled (rough equiv.) 63.9 69.6 69.0 67.0 Use, Total 230.2 219.3 244.0 242.0 Ending Stocks 48.5 46.5 50.1 52.1 Avg. Milling Yield (%) 5/ 70.50 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 13.40 12.20 9.90 - 10.90 10.10 - 10.90 Total LONG-GRAIN RICE 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. January February Harvested Acres (mil.) 2.20 1.85 2.40 2.40 Yield (pounds/acre) 7,407 7,219 6,927 6,927 Beginning Stocks 16.2 26.5 22.7 22.7 Production 162.7 133.4 166.5 166.5 Supply, Total 7/ 200.6 180.7 209.7 209.7 Domestic & Residual 3/ 106.2 81.5 102.0 102.0 Exports 8/ 68.0 76.5 78.0 76.0 Use, Total 174.2 158.0 180.0 178.0 Ending Stocks 26.5 22.7 29.7 31.7 Avg. Farm Price ($/cwt) 6/ 11.90 11.20 9.20 - 10.20 9.50 - 10.10 Filler Filler Filler Filler Filler MEDIUM & SHORT-GRAIN RICE 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. January February Harvested Acres (mil.) 0.74 0.74 0.69 0.69 Yield (pounds/acre) 8,080 8,107 8,311 8,311 Beginning Stocks 13.3 20.2 20.9 20.9 Production 59.6 59.7 57.7 57.7 Supply, Total 7/ 76.1 82.2 81.6 81.6 Domestic & Residual 3/ 28.3 30.1 30.0 30.0 Exports 8/ 27.7 31.2 34.0 34.0 Use, Total 56.0 61.3 64.0 64.0 Ending Stocks 20.2 20.9 17.6 17.6 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 18.30 15.30 11.90 - 12.90 12.00 - 12.80 California 10/ 21.60 18.10 13.00 - 14.00 13.00 - 14.00 Other States 1/ 14.40 11.20 9.20 - 10.20 9.60 - 10.20 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2014/15-1.9; 2015/16-2.9; 2016/17-2.9. 3/ Residual includes un reported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. The 2014/15 and 2015/16 milling yield is based on the Farm Service Agenc y (FSA) warehouse stored loan data for long, medium, and short grain rice. The 2016/17 milling yield is calculated using the previous five-year Olympic average-- 2011/12-2015/16. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain seasonaverage- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.65 per cwt from 2008/09-2013/14, with a high of $3.50 per cwt in 2008/0 9 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. February 2017 WASDE - 562 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Jan Feb Filler Filler Filler Filler Filler Million Acres Area Planted 83.3 82.7 83.4 83.4 Area Harvested 82.6 81.7 82.7 82.7 Filler Bushels Yield per Harvested Acre 47.5 48.0 52.1 52.1 Million Bushels Beginning Stocks 92 191 197 197 Production 3,927 3,926 4,307 4,307 Imports 33 24 25 25 Supply, Total 4,052 4,140 4,528 4,528 Crushings 1,873 1,886 1,930 1,930 Exports 1,842 1,936 2,050 2,050 Seed 96 97 95 95 Residual 50 25 33 33 Use, Total 3,862 3,944 4,108 4,108 Ending Stocks 191 197 420 420 Avg. Farm Price ($/bu) 2/ 10.10 8.95 9.00 - 10.00 9.10 - 9.90 Total SOYBEAN OIL 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. January February Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,165 1,855 1,687 1,687 Production 4/ 21,399 21,950 22,390 22,390 Imports 264 288 275 300 Supply, Total 22,828 24,093 24,352 24,377 Domestic Disappearance 18,959 20,166 20,550 20,550 Biodiesel 3/ 5,039 5,670 6,200 6,200 Food, Feed & other Industrial 13,920 14,496 14,350 14,350 Exports 2,014 2,240 2,150 2,150 Use, Total 20,973 22,406 22,700 22,700 Ending stocks 1,855 1,687 1,652 1,677 Avg. Price (c/lb) 2/ 31.60 29.86 34.00 - 37.00 34.00 - 37.00 Total SOYBEAN MEAL 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. January February Filler 1 2 3 4 Thousand Shor t Tons Beginning Stocks 250 260 264 264 Production 4/ 45,062 44,672 45,411 45,411 Imports 333 403 325 325 Supply, Total 45,645 45,335 46,000 46,000 Domestic Disappearance 32,277 33,108 34,100 34,100 Exports 13,108 11,963 11,600 11,600 Use, Total 45,384 45,071 45,700 45,700 Ending Stocks 260 264 300 300 Avg. Price ($/s.t.) 2/ 368.49 324.56 305.00 - 345.00 310.00 - 340.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by f armers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodi esel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 1,890 millio n bushels for 2015/16 and 1,930 million bushels for 2016/17. February 2017 WASDE - 562 - 16 U.S. Sugar Supply and Use 1/ 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Jan Feb Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 1,810 1,815 2,054 2,054 Production 2/ 8,656 8,989 9,313 9,240 Beet Sugar 4,893 5,119 5,371 5,371 Cane Sugar 3,763 3,870 3,942 3,869 Florida 1,981 2,173 2,142 2,072 Hawaii 146 152 46 43 Louisiana 1,513 1,428 1,612 1,612 Texas 123 116 142 142 Imports 3,553 3,341 2,694 2,744 TRQ 3/ 1,536 1,620 1,532 1,532 Other Program 4/ 471 396 175 225 Other 5/ 1,546 1,325 987 987 Mexico 1,532 1,309 972 972 Total Supply 14,019 14,145 14,061 14,038 Exports 1 8 57 42 57 5 Deliveries 12,019 12,051 12,155 12,155 Food 6/ 11,888 11,881 12,000 12,000 Other 7/ 131 170 155 155 Miscellaneous 0- 3 3 0 0 Total Use 12,204 12,091 12,180 12,230 Ending Stocks 1,815 2,054 1,881 1,808 Stocks to Use Ratio 14.9 17.0 15.4 14.8 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2015/16 and 2016/17 are based on Crop Production and processor projections where appropriate. 3/ For 2016/17, WTO raw sugar TRQ shortfall (99). For 2015/16, WTO raw sugar TR Q shortfall (125) 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ For 2014/15, other high-tier (15) and other (0). For 2015/16, other high-tier (16) and other (0). For 2016/17, other high-tier (15) and other (0). 6/For 2014/15, combines SMD deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar-containing products for reexport, and for nonedible alcohol, feed, and ethanol. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2015/16 Est. Jan 811 6,117 83 4,767 1,207 1,037 2015/16 Est. Feb 811 6,117 83 4,767 1,207 1,037 2016/17 Proj. Jan 1,037 6,371 60 4,769 1,470 1,229 2016/17 Proj. Feb 1,037 6,371 60 4,769 1,470 1,229 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): Oct-Sep 2015/16 = 1,482, projected Oct-Sep 2016/17 = 1,459; Oct - Dec 2015/16 = 355, Oct - Dec 2016/17 = 358. Footnote source: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumpt ion, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2015 /16 (330 est), 2016/17 (330 proj). Other Deliveries/Ending Year Statistical Adjustments: 2015/16 (50), 2016/17 (50). February 2017 WASDE - 562 - 17 U.S. Cotton Supply and Use 1/ 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Jan Feb Filler Filler Filler Filler Filler Area Million Acres Planted 11.04 8.58 10.07 10.07 Harvested 9.35 8.07 9.52 9.52 Filler Pounds Yield per Harvested Acre 838 766 855 855 Million 480 Pound Bales Beginning Stocks 2.35 3.65 3.80 3.80 Production 16.32 12.89 16.96 16.96 Imports 0.01 0.03 0.01 0.01 Supply, Total 18.68 16.57 20.77 20.77 Domestic Use 3.58 3.45 3.30 3.30 Exports, Total 11.25 9.15 12.50 12.70 Use, Total 14.82 12.60 15.80 16.00 Unaccounted 2/ 0.21 0.17 -0.03 -0.03 Ending Stocks 3.65 3.80 5.00 4.80 Avg. Farm Price 3/ 61.3 61.2 65.00 - 69.00 67.00 - 71.00 Total Note: Reliability calculations at end of report. 1/ Upland and ex tra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. February 2017 WASDE - 562 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 194.92 728.28 159.08 131.75 705.70 164.42 217.51 United States 16.07 55.15 4.12 3.09 31.33 23.52 20.48 Total Foreign 178.86 673.13 154.97 128.66 674.36 140.90 197.03 Major Exporters 4/ 27.38 224.01 6.66 62.82 147.28 81.47 29.29 Argentina 2 . 4 9 1 3 . 9 30 . 0 40 . 3 06 . 3 55 . 3 04 . 8 0 Australia 4.56 23.74 0.16 3.80 7.20 16.59 4.67 Canada 10.40 29.42 0.49 3.72 9.05 24.16 7.09 European Union 5/ 9.94 156.91 5.98 55.00 124.68 35.42 12.73 Major Importers 6/ 100.70 197.40 84.96 29.88 262.37 7.59 113.11 Brazil 1.89 6.00 5.37 0.30 10.70 1.69 0.87 China 65.27 126.21 1.93 16.00 116.50 0.80 76.11 Sel. Mideast 7/ 12.37 17.66 21.27 4.45 36.15 1.52 13.64 N. Africa 8/ 14.05 17.01 25.43 2.48 42.73 0.56 13.20 Pakistan 2.19 25.98 0.75 1.00 24.50 0.70 3.72 Southeast Asia 9/ 3.46 0.00 19.86 4.76 18.55 0.95 3.82 Selected Other India 17.83 95.85 0.05 4.50 93.10 3.41 17.22 FSU-12 15.85 112.74 7.68 24.65 75.35 40.24 20.67 Russia 5.18 59.08 0.33 13.00 35.50 22.80 6.29 Kazakhstan 1 . 9 9 1 3 . 0 00 . 6 02 . 0 06 . 8 05 . 5 43 . 2 5 Ukraine 3.67 24.75 0.03 4.00 11.50 11.27 5.68 2015/16 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 217.51 735.59 170.07 138.53 712.33 172.79 240.77 United States 20.48 56.12 3.07 4.14 32.02 21.09 26.55 Total Foreign 197.03 679.47 167.00 134.39 680.30 151.70 214.21 Major Exporters 4/ 29.29 223.39 7.57 67.67 151.98 82.54 25.74 Argentina 4 . 8 0 1 1 . 3 00 . 0 10 . 2 05 . 9 09 . 6 00 . 6 2 Australia 4.67 24.50 0.15 3.80 7.23 16.12 5.97 Canada 7.09 27.59 0.49 2.67 7.87 22.13 5.17 European Union 5/ 12.73 160.00 6.92 61.00 130.98 34.68 13.99 Major Importers 6/ 113.11 204.29 92.27 27.61 263.61 6.44 139.62 Brazil 0.87 5.54 6.75 0.50 10.50 1.06 1.60 China 76.11 130.19 3.48 10.50 112.00 0.73 97.04 Sel. Mideast 7/ 13.64 18.80 19.14 4.60 37.30 0.55 13.72 N. Africa 8/ 13.20 19.91 27.78 2.28 43.65 0.71 16.54 Pakistan 3.72 25.10 0.01 0.80 24.40 0.60 3.83 Southeast Asia 9/ 3.82 0.00 24.61 8.04 22.37 0.97 5.09 Selected Other India 17.22 86.53 0.47 4.20 88.55 1.13 14.54 FSU-12 20.67 118.24 7.37 26.90 78.18 51.48 16.62 Russia 6.29 61.04 0.82 14.00 37.00 25.54 5.60 Kazakhstan 3 . 2 5 1 3 . 7 50 . 0 72 . 1 06 . 9 07 . 6 02 . 5 6 Ukraine 5.68 27.27 0.03 5.20 12.30 17.43 3.25 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, Ch ina, Japan, Mexico, N. Africa, Pa kistan, selected Middle East, and S outheast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeri a, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2017 WASDE - 562 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Jan 240.49 752.69 172.96 147.58 739.89 178.05 253.29 Feb 240.77 748.24 174.51 148.98 740.40 178.99 248.61 United States Jan 26.55 62.86 3.40 6.12 33.99 26.54 32.29 Feb 26.55 62.86 3.40 6.12 33.91 27.90 31.01 Total Foreign Jan 213.94 689.83 169.56 141.46 705.90 151.51 221.00 Feb 214.21 685.38 171.11 142.86 706.48 151.10 217.60 Major Exporters 4/ Jan 25.77 224.02 7.14 68.10 153.66 79.60 23.67 Feb 25.74 224.56 6.64 68.10 153.66 79.90 23.39 Argentina Jan 0.62 15.00 0.01 0.10 6.30 8.60 0.72 Feb 0.62 15.00 0.01 0.10 6.30 8.90 0.42 Australia Jan 5.97 33.00 0.15 4.50 7.96 24.50 6.66 Feb 5.97 33.00 0.15 4.50 7.96 24.50 6.66 Canada Jan 5.17 31.70 0.49 5.00 10.20 21.00 6.16 Feb 5.17 31.70 0.49 5.00 10.20 21.00 6.16 European Union 5/ Jan 14.01 144.32 6.50 58.50 129.20 25.50 10.13 Feb 13.99 144.86 6.00 58.50 129.20 25.50 10.15 Major Importers 6/ Jan 139.62 199.05 88.98 31.82 272.39 7.28 147.98 Feb 139.62 199.01 91.66 34.12 274.67 7.32 148.31 Brazil Jan 1.60 6.70 6.70 0.70 11.50 1.60 1.90 Feb 1.60 6.70 6.70 0.70 11.50 1.60 1.90 China Jan 97.04 128.85 3.50 15.00 117.00 0.80 111.59 Feb 97.04 128.85 4.00 16.00 118.00 0.80 111.09 Sel. Mideast 7/ Jan 13.72 19.41 17.36 4.61 38.39 0.55 11.55 Feb 13.72 19.41 17.43 4.61 38.47 0.55 11.55 N. Africa 8/ Jan 16.54 14.13 28.10 2.28 44.88 0.68 13.21 Feb 16.54 14.13 28.60 2.28 44.68 0.68 13.91 Pakistan Jan 3.83 25.30 0.03 0.80 24.50 0.90 3.75 Feb 3.83 25.30 0.03 0.80 24.50 0.90 3.75 Southeast Asia 9/ Jan 5.09 0.00 22.90 7.44 22.56 0.99 4.45 Feb 5.09 0.00 24.50 8.74 23.96 1.02 4.62 Selected Other India Jan 14.54 90.00 3.70 4.50 96.84 0.40 11.00 Feb 14.54 87.00 3.70 4.50 96.84 0.40 8.00 FSU-12 Jan 16.62 131.93 7.52 28.30 79.89 54.07 22.11 Feb 16.62 130.22 7.52 27.90 79.29 53.37 21.70 Russia Jan 5.60 72.50 0.50 16.00 39.00 29.00 10.60 Feb 5.60 72.50 0.50 16.00 39.00 28.50 11.10 Kazakhstan Jan 2.56 16.50 0.06 2.20 7.00 8.50 3.62 Feb 2.56 14.99 0.06 2.10 6.90 7.50 3.20 Ukraine Jan 3.25 27.00 0.03 4.70 11.80 15.70 2.77 Feb 3.25 26.80 0.03 4.40 11.30 16.50 2.27 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, Ch ina, Japan, Mexico, N. Africa, Pa kistan, selected Middle East, and S outheast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeri a, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2017 WASDE - 562 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 211.04 1,307.63 170.13 751.63 1,271.81 186.11 246.86 United States 34.31 377.23 3.44 138.62 311.34 56.70 46.95 Total Foreign 176.72 930.40 166.69 613.01 960.47 129.41 199.91 Major Exporters 4/ 25.53 170.16 4.70 82.70 112.73 67.56 20.09 Argentina 3.17 36.78 0.00 9.07 14.23 21.45 4.27 Australia 1.03 12.61 0.00 3.26 4.94 7.17 1.53 Brazil 14.26 87.67 0.82 50.25 60.02 34.51 8.21 Canada 4.65 21.99 1.71 13.87 21.30 3.72 3.33 Major Importers 5/ 43.82 257.66 109.97 264.53 346.46 15.95 49.04 European Union 6/ 15.57 170.69 9.24 121.38 162.56 13.99 18.94 Japan 1.74 0.17 16.73 12.94 16.90 0.00 1.74 Mexico 3.49 32.69 11.62 24.50 42.18 0.79 4.83 N. Afr & Mideast 7/ 13.42 26.74 34.07 51.65 59.61 0.09 14.54 Saudi Arabia 3.72 0.29 11.26 11.43 11.91 0.00 3.36 Southeast Asia 8/ 3.62 26.77 12.87 30.69 38.70 1.07 3.50 South Korea 1.87 0.24 10.25 8.08 10.47 0.00 1.89 Selected Other China 82.66 222.75 25.70 158.80 229.06 0.02 102.03 FSU-12 7.02 91.60 0.82 42.06 58.15 33.86 7.43 Russia 1.77 40.39 0.09 20.88 31.14 8.67 2.43 Ukraine 3.64 39.39 0.03 11.82 15.43 24.33 3.29 2015/16 Est. Beginning Stocks Productio n ImportsDomestic FeedDomesti c Total 2 / ExportsEnding Stocks World 3/ 246.86 1,248.63 181.57 763.13 1,249.45 164.64 246.03 United States 46.95 367.01 3.93 135.89 312.70 57.07 48.11 Total Foreign 199.91 881.62 177.64 627.24 936.75 107.57 197.92 Major Exporters 4/ 20.09 153.49 8.24 83.52 112.93 52.47 16.41 Argentina 4.27 37.94 0.01 9.31 14.27 25.33 2.62 Australia 1.53 12.44 0.00 4.19 5.87 6.70 1.40 Brazil 8.21 69.13 3.55 50.34 59.69 15.03 6.17 Canada 3.33 25.62 1.55 13.91 21.24 4.60 4.67 Major Importers 5/ 49.04 245.45 124.06 271.16 353.70 15.72 49.14 European Union 6/ 18.94 151.74 14.24 115.99 156.91 13.11 14.90 Japan 1.74 0.18 17.06 13.29 17.26 0.00 1.72 Mexico 4.83 32.40 14.95 26.72 44.72 1.56 5.91 N. Afr & Mideast 7/ 14.54 32.95 32.84 56.57 64.92 0.11 15.30 Saudi Arabia 3.36 0.36 14.79 13.60 14.11 0.00 4.41 Southeast Asia 8/ 3.50 27.56 15.20 32.96 40.97 0.93 4.37 South Korea 1.89 0.19 10.19 7.83 10.32 0.00 1.95 Selected Other China 102.03 231.82 17.50 166.95 239.17 0.03 112.16 FSU-12 7.43 82.12 0.53 39.54 54.62 31.25 4.21 Russia 2.43 37.43 0.11 20.25 29.64 9.00 1.33 Ukraine 3.29 33.39 0.05 10.34 13.87 21.19 1.67 1/ Aggregate of local marketing years. Co arse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing year s, grain in transit, and reportin g discrepancies in some countr ies. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Malays ia, Philippines, Th ailand, and Vietnam. February 2017 WASDE - 562 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Jan 245.69 1,327.66 172.44 791.79 1,319.52 185.41 253.82 Feb 246.03 1,329.03 173.07 793.15 1,324.39 185.78 250.67 United States Jan 48.11 402.60 3.55 147.90 327.49 63.03 63.74 Feb 48.11 402.60 3.64 148.62 329.10 62.40 62.85 Total Foreign Jan 197.58 925.06 168.88 643.90 992.03 122.38 190.09 Feb 197.92 926.43 169.43 644.54 995.28 123.39 187.83 Major Exporters 4/ Jan 16.43 186.43 2.88 86.58 117.50 69.19 19.05 Feb 16.41 186.53 2.88 86.28 117.13 69.49 19.20 Argentina Jan 2.62 43.83 0.01 9.97 15.53 27.71 3.22 Feb 2.62 43.88 0.01 9.97 15.53 27.71 3.27 Australia Jan 1.40 14.48 0.00 4.39 6.06 7.78 2.04 Feb 1.40 14.48 0.00 4.39 6.06 7.78 2.04 Brazil Jan 6.17 89.02 1.05 51.57 61.43 28.03 6.78 Feb 6.17 89.02 1.05 51.57 61.43 28.03 6.78 Canada Jan 4.67 25.63 1.09 14.94 22.50 4.15 4.74 Feb 4.67 25.63 1.09 14.64 22.10 4.45 4.84 Major Importers 5/ Jan 49.39 240.68 123.08 278.83 360.95 10.44 41.76 Feb 49.14 240.20 124.08 278.25 360.88 10.14 42.41 European Union 6/ Jan 14.55 152.36 13.66 119.16 160.18 8.53 11.86 Feb 14.90 152.00 13.66 119.16 159.88 8.23 12.44 Japan Jan 1.72 0.17 16.87 13.19 17.18 0.00 1.58 Feb 1.72 0.17 16.87 13.19 17.18 0.00 1.58 Mexico Jan 6.00 31.83 14.78 27.92 45.82 0.80 5.99 Feb 5.91 32.33 14.78 27.32 45.92 0.80 6.29 N. Afr & Mideast 7/ Jan 15.80 27.52 35.17 57.40 65.44 0.17 12.88 Feb 15.30 26.72 35.67 57.00 65.04 0.17 12.48 Saudi Arabia Jan 4.38 0.17 14.21 14.23 14.63 0.00 4.13 Feb 4.41 0.36 14.21 14.30 14.81 0.00 4.17 Southeast Asia 8/ Jan 4.40 28.36 13.82 34.81 42.82 0.94 2.82 Feb 4.37 28.36 14.32 35.16 43.17 0.94 2.94 South Korea Jan 1.95 0.20 9.89 7.64 10.11 0.00 1.92 Feb 1.95 0.20 9.89 7.64 10.11 0.00 1.92 Selected Other China Jan 112.16 227.35 13.20 169.40 245.55 0.03 107.13 Feb 112.16 227.35 12.70 170.50 249.05 0.04 103.13 FSU-12 Jan 4.21 91.34 0.66 41.38 56.74 33.64 5.84 Feb 4.21 93.12 0.66 41.70 57.08 34.64 6.27 Russia Jan 1.33 40.92 0.11 21.28 30.83 9.24 2.29 Feb 1.33 40.92 0.11 21.28 30.83 9.24 2.29 Ukraine Jan 1.67 38.10 0.06 10.73 14.30 23.21 2.32 Feb 1.67 39.21 0.06 10.83 14.40 23.91 2.63 1/ Aggregate of local marketing years. Co arse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing year s, grain in transit, and reportin g discrepancies in some countr ies. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Malays ia, Philippines, Th ailand, and Vietnam. February 2017 WASDE - 562 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 174.77 1,015.57 125.17 584.40 980.58 142.17 209.77 United States 31.29 361.09 0.80 134.11 301.79 47.42 43.97 Total Foreign 143.48 654.48 124.36 450.29 678.78 94.75 165.79 Major Exporters 4/ 17.58 125.38 2.30 60.15 77.95 54.12 13.19 Argentina 1.41 29.75 0.00 6.00 9.30 18.96 2.90 Brazil 13.97 85.00 0.33 48.00 57.00 34.46 7.84 South Africa 2.20 10.63 1.96 6.15 11.65 0.69 2.45 Major Importers 5/ 19.04 134.02 69.56 142.24 193.81 5.88 22.94 Egypt 2.40 5.96 7.84 11.50 13.90 0.00 2.30 European Union 6/ 6.89 75.72 8.91 59.50 77.88 4.03 9.61 Japan 1.29 0.00 14.66 11.00 14.60 0.00 1.35 Mexico 2.60 25.48 11.34 17.80 34.55 0.78 4.09 Southeast Asia 7/ 3.61 26.72 12.83 30.60 38.60 1.07 3.49 South Korea 1.86 0.08 10.17 8.04 10.25 0.00 1.86 Selected Other 0.00 Canada 1.60 11.49 1.56 7.43 12.82 0.42 1.40 China 81.32 215.65 5.52 140.00 202.00 0.01 100.47 FSU-12 3.37 43.80 0.51 18.76 21.48 23.18 3.02 Ukraine 2.40 28.45 0.03 8.00 9.40 19.66 1.82 2015/16 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 209.77 960.73 139.91 598.26 960.11 121.07 210.39 United States 43.97 345.51 1.71 130.34 298.87 48.20 44.12 Total Foreign 165.79 615.23 138.20 467.92 661.24 72.87 166.27 Major Exporters 4/ 13.19 103.90 6.01 60.05 77.35 37.50 8.24 Argentina 2.90 29.00 0.01 5.85 9.15 21.70 1.05 Brazil 7.84 67.00 3.00 48.50 57.00 15.00 5.84 South Africa 2.45 7.90 3.00 5.70 11.20 0.80 1.35 Major Importers 5/ 22.94 118.04 81.72 144.20 195.95 4.45 22.30 Egypt 2.30 6.00 8.78 12.45 14.85 0.01 2.21 European Union 6/ 9.61 58.41 13.77 55.00 73.20 1.95 6.64 Japan 1.35 0.00 15.19 11.60 15.20 0.00 1.34 Mexico 4.09 25.97 14.01 20.30 37.30 1.56 5.21 Southeast Asia 7/ 3.49 27.51 15.19 32.90 40.90 0.93 4.36 South Korea 1.86 0.08 10.12 7.80 10.12 0.00 1.94 Selected Other 0.00 Canada 1.40 13.56 1.37 7.07 12.35 1.74 2.24 China 100.47 224.63 3.17 153.50 217.50 0.00 110.77 FSU-12 3.02 39.85 0.38 17.79 20.40 21.42 1.43 Ukraine 1.82 23.33 0.03 6.70 8.00 16.60 0.59 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Braz il, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade ex cludes intra-trade. 7/ Indo nesia, Malaysia, Philippines, Thailand, and Vietnam. February 2017 WASDE - 562 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Jan 210.01 1,037.93 135.72 626.02 1,026.96 148.07 220.98 Feb 210.39 1,040.21 136.77 629.06 1,033.03 148.97 217.56 United States Jan 44.12 384.78 1.40 142.25 313.96 56.52 59.82 Feb 44.12 384.78 1.40 142.25 314.85 56.52 58.93 Total Foreign Jan 165.89 653.15 134.32 483.78 713.00 91.55 161.16 Feb 166.27 655.43 135.37 486.82 718.19 92.45 158.63 Major Exporters 4/ Jan 8.24 136.00 1.11 61.90 80.30 54.50 10.55 Feb 8.24 136.00 1.11 61.90 80.30 54.50 10.55 Argentina Jan 1.05 36.50 0.01 6.80 10.50 25.00 2.06 Feb 1.05 36.50 0.01 6.80 10.50 25.00 2.06 Brazil Jan 5.84 86.50 0.60 49.50 58.50 28.00 6.44 Feb 5.84 86.50 0.60 49.50 58.50 28.00 6.44 South Africa Jan 1.35 13.00 0.50 5.60 11.30 1.50 2.05 Feb 1.35 13.00 0.50 5.60 11.30 1.50 2.05 Major Importers 5/ Jan 22.55 119.65 79.10 147.00 198.63 3.74 18.93 Feb 22.30 120.77 79.60 147.75 199.78 3.74 19.15 Egypt Jan 2.21 6.00 9.00 12.70 15.10 0.01 2.10 Feb 2.21 6.00 9.00 12.70 15.10 0.01 2.10 European Union 6/ Jan 6.83 60.68 13.10 55.40 73.60 2.00 5.02 Feb 6.64 60.31 13.10 55.40 73.30 2.00 4.75 Japan Jan 1.34 0.00 15.00 11.50 15.10 0.00 1.24 Feb 1.34 0.00 15.00 11.50 15.10 0.00 1.24 Mexico Jan 5.24 24.50 13.80 20.60 37.50 0.80 5.24 Feb 5.21 26.00 13.80 21.00 38.60 0.80 5.61 Southeast Asia 7/ Jan 4.39 28.31 13.80 34.75 42.75 0.93 2.82 Feb 4.36 28.31 14.30 35.10 43.10 0.93 2.94 South Korea Jan 1.94 0.08 9.80 7.60 9.90 0.00 1.91 Feb 1.94 0.08 9.80 7.60 9.90 0.00 1.91 Selected Other Canada Jan 2.24 13.20 1.00 7.80 13.30 0.80 2.34 Feb 2.24 13.20 1.00 7.50 12.90 1.00 2.54 China Jan 110.77 219.55 3.00 159.00 227.00 0.02 106.31 Feb 110.77 219.55 3.00 161.00 231.00 0.02 102.31 FSU-12 Jan 1.43 46.56 0.42 19.09 21.87 23.70 2.85 Feb 1.43 47.62 0.42 19.19 21.97 24.40 3.11 Ukraine Jan 0.59 27.00 0.05 6.90 8.30 18.00 1.34 Feb 0.59 28.00 0.05 7.00 8.40 18.70 1.54 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Tr ade excludes intra-trade. 7/ Indonesi a, Malaysia, Philippines, Thailand, and Vietnam. February 2017 WASDE - 562 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2014/15 Beginning StocksProductio n Imports Total /2 DomesticExports Ending Stocks World 3/ 113.87 478.55 41.14 477.46 43.58 114.96 United States 1.03 7.11 0.78 4.30 3.06 1.55 Total Foreign 112.85 471.45 40.35 473.16 40.52 113.41 Major Exporters 4/ 36.78 159.30 0.73 132.84 32.42 31.54 India 22.80 105.48 0.00 98.24 12.24 17.80 Pakistan 0.68 6.90 0.03 2.60 3.80 1.21 Thailand 12.00 18.75 0.30 10.00 9.78 11.27 Vietnam 1.30 28.17 0.40 22.00 6.61 1.26 Major Importers 5/ 11.47 64.05 13.59 77.20 1.23 10.68 Brazil 0.64 8.47 0.39 7.93 0.93 0.64 European Union 6/ 1.16 1.95 1.71 3.40 0.27 1.15 Indonesia 5.50 35.56 1.35 38.30 0.00 4.11 Nigeria 0.96 2.84 2.60 5.40 0.00 0.99 Philippines 1.70 11.92 1.80 13.20 0.00 2.21 Sel. Mideast 7/ 1.31 1.98 4.11 6.14 0.00 1.26 Selected Other 0.00 Burma 0.37 12.60 0.01 10.50 1.74 0.75 C. Amer & Carib 8/ 0.47 1.69 1.56 3.25 0.01 0.46 China 53.10 144.56 4.70 144.50 0.43 57.44 Egypt 0.61 4.53 0.03 4.00 0.25 0.92 Japan 3.01 7.85 0.64 8.60 0.07 2.82 Mexico 0.16 0.18 0.71 0.88 0.00 0.17 South Korea 0.90 4.24 0.47 4.20 0.00 1.41 2015/16 Est. Beginning Stocks Productio n ImportsTotal / 2 Domesti c ExportsEndin g Stock s World 3/ 114.96 472.04 38.02 470.55 40.19 116.46 United States 1.55 6.13 0.77 3.55 3.42 1.48 Total Foreign 113.41 465.91 37.25 467.00 36.77 114.98 Major Exporters 4/ 31.54 154.38 0.61 127.88 29.51 29.14 India 17.80 104.32 0.00 93.48 10.24 18.40 Pakistan 1.21 6.80 0.01 2.70 4.30 1.02 Thailand 11.27 15.80 0.30 9.10 9.87 8.40 Vietnam 1.26 27.46 0.30 22.60 5.10 1.32 Major Importers 5/ 10.68 62.90 12.52 76.43 0.95 8.73 Brazil 0.64 7.21 0.84 7.85 0.60 0.24 European Union 6/ 1.15 2.05 1.80 3.55 0.27 1.18 Indonesia 4.11 36.20 1.10 37.90 0.00 3.51 Nigeria 0.99 2.71 2.10 5.20 0.00 0.60 Philippines 2.21 11.00 1.60 13.00 0.00 1.81 Sel. Mideast 7/ 1.26 1.89 3.50 5.80 0.00 0.86 Selected Other 0.00 Burma 0.75 12.20 0.04 10.80 1.17 1.01 C. Amer & Carib 8/ 0.46 1.62 1.95 3.48 0.02 0.53 China 57.44 145.77 4.80 144.00 0.27 63.74 Egypt 0.92 4.00 0.10 3.90 0.20 0.92 Japan 2.82 7.67 0.71 8.50 0.08 2.62 Mexico 0.17 0.16 0.69 0.89 0.00 0.13 South Korea 1.41 4.33 0.31 4.21 0.00 1.83 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to re flect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ Worl d imports and exports may not ba lance due to differences in so me countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Braz il, Indonesia, Hong K ong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Ir aq, and Saudi Arabia. 8/ Centra l American and Caribbean countri es. February 2017 WASDE - 562 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ Jan 116.51 480.02 38.52 477.81 40.83 118.71 Feb 116.46 480.13 38.39 478.63 41.36 117.96 United States Jan 1.48 7.12 0.75 4.19 3.56 1.59 Feb 1.48 7.12 0.75 4.19 3.49 1.66 Total Foreign Jan 115.03 472.90 37.77 473.62 37.28 117.12 Feb 114.98 473.02 37.64 474.44 37.87 116.30 Major Exporters 4/ Jan 28.91 159.54 0.56 132.75 29.70 26.56 Feb 29.14 159.54 0.56 132.75 30.20 26.29 India Jan 18.40 106.50 0.00 97.00 10.00 17.90 Feb 18.40 106.50 0.00 97.00 10.20 17.70 Pakistan Jan 1.02 6.64 0.01 2.75 4.20 0.72 Feb 1.02 6.64 0.01 2.75 4.20 0.72 Thailand Jan 8.17 18.60 0.25 10.30 9.70 7.02 Feb 8.40 18.60 0.25 10.30 10.00 6.95 Vietnam Jan 1.32 27.80 0.30 22.70 5.80 0.92 Feb 1.32 27.80 0.30 22.70 5.80 0.92 Major Importers 5/ Jan 8.99 64.64 12.05 76.45 0.96 8.27 Feb 8.73 64.64 11.80 76.25 0.96 7.96 Brazil Jan 0.25 7.82 0.65 7.85 0.60 0.27 Feb 0.24 7.82 0.70 7.85 0.60 0.31 European Union 6/ Jan 1.18 2.05 1.85 3.65 0.28 1.15 Feb 1.18 2.05 1.85 3.65 0.28 1.15 Indonesia Jan 3.51 36.60 1.00 37.50 0.00 3.61 Feb 3.51 36.60 1.00 37.50 0.00 3.61 Nigeria Jan 0.60 2.70 2.00 5.00 0.00 0.30 Feb 0.60 2.70 2.00 5.00 0.00 0.30 Philippines Jan 2.06 11.50 1.30 13.10 0.00 1.76 Feb 1.81 11.50 1.00 12.90 0.00 1.41 Sel. Mideast 7/ Jan 0.86 2.02 3.60 5.80 0.00 0.68 Feb 0.86 2.02 3.60 5.80 0.00 0.68 Selected Other Burma Jan 1.09 12.50 0.00 11.00 1.40 1.19 Feb 1.01 12.50 0.00 11.00 1.50 1.01 C. Amer & Carib 8/ Jan 0.53 1.70 1.79 3.53 0.02 0.46 Feb 0.53 1.70 1.79 3.53 0.02 0.46 China Jan 63.74 144.85 5.00 144.00 0.28 69.31 Feb 63.74 144.85 5.00 144.00 0.28 69.31 Egypt Jan 0.92 4.55 0.30 4.00 0.30 1.48 Feb 0.92 4.55 0.30 4.00 0.30 1.48 Japan Jan 2.61 7.79 0.70 8.50 0.09 2.52 Feb 2.62 7.79 0.69 8.50 0.09 2.51 Mexico Jan 0.12 0.17 0.75 0.89 0.00 0.15 Feb 0.13 0.19 0.75 0.89 0.00 0.18 South Korea Jan 1.70 4.20 0.41 4.48 0.00 1.82 Feb 1.83 4.20 0.41 4.70 0.00 1.74 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use a nd unreported disappearance. 3/ World impor ts and exports may not balance due to di fferences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indones ia, Hong Kong, Cote d'Ivoire, Nigeria, Phil ippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Ara bia. 8/ Central American and Caribbean countries. February 2017 WASDE - 562 - 26 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2014/15 Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World 103.32 119.19 36.07 111.41 35.32 0.11 111.73 United States 2.35 16.32 0.01 3.58 11.25 0.21 3.65 Total Foreign 100.97 102.87 36.05 107.84 24.07 -0.10 108.08 Major Exporters 4/ 28.43 52.72 1.74 32.32 20.53 -0.28 30.33 Central Asia 5/ 3.76 6.29 3 / 2.37 4.67 0.00 3.01 Afr. Fr. Zone 6/ 1.46 5.09 3 / 0.14 4.21 0.00 2.20 S. Hemis 7/ 11.40 11.02 0.18 4.45 7.08 -0.29 11.35 Australia 1.81 2.30 3 / 0.04 2.40 -0.15 1.82 Brazil 7.67 7.00 0.02 3.40 3.91 -0.15 7.53 India 11.46 29.50 1.23 24.50 4.20 0.00 13.49 Major Importers 8/ 70.69 46.90 32.27 71.16 2.63 0.17 75.90 Mexico 0.58 1.32 0.83 1.85 0.17 0.03 0.69 China 62.71 30.00 8.28 34.00 0.07 0.00 66.92 European Union 9/ 0.38 1.65 0.86 0.87 1.62 0.05 0.35 Turkey 1.36 3.20 3.68 6.40 0.24 0.00 1.60 Pakistan 2.48 10.60 0.95 10.60 0.51 0.03 2.89 Indonesia 0.50 0.01 3.35 3.25 0.01 0.00 0.60 Thailand 0.24 3 / 1.48 1.48 0.00 0.03 0.22 Bangladesh 1.27 0.12 5.75 5.80 0.00 0.01 1.33 Vietnam 0.50 3 / 4.28 4.10 0.00 0.00 0.68 2015/16 Est. Beginning Stocks Productio n ImportsDomestic Use ExportsLoss /2 Ending Stocks World 111.73 96.47 35.20 111.25 35.28 0.04 96.83 United States 3 . 6 5 1 2 . 8 90 . 0 33 . 4 59 . 1 50 . 1 73 . 8 0 Total Foreign 108.08 83.59 35.17 107.80 26.13 -0.13 93.03 Major Exporters 4/ 30.33 46.78 1.77 31.70 23.02 -0.27 24.43 Central Asia 5/ 3.01 5.97 3 / 2.36 4.46 0.00 2.17 Afr. Fr. Zone 6/ 2.20 4.18 3 / 0.14 4.86 0.00 1.37 S. Hemis 7/ 1 1 . 3 59 . 7 20 . 2 54 . 2 17 . 6 9 - 0 . 2 89 . 7 1 Australia 1.82 2.60 3 / 0.04 2.85 -0.15 1.68 Brazil 7.53 5.90 0.09 3.20 4.31 -0.15 6.16 India 13.49 26.40 1.07 24.25 5.76 0.00 10.94 Major Importers 8/ 75.90 33.98 31.10 71.93 2.07 0.14 66.84 Mexico 0.69 0.91 0.98 1.85 0.13 0.03 0.57 China 66.92 22.00 4.41 35.00 0.13 0.00 58.20 European Union 9/ 0.35 1.29 0.80 0.82 1.31 0.05 0.26 Turkey 1.60 2.65 4.22 6.65 0.23 0.00 1.58 Pakistan 2.89 7.00 3.30 10.30 0.25 0.03 2.62 Indonesia 0.60 0.01 2.94 3.00 0.02 0.00 0.53 Thailand 0.22 3 / 1.28 1.25 0.00 0.03 0.22 Bangladesh 1.33 0.12 6.20 6.10 0.00 0.01 1.54 Vietnam 0.68 3 / 4.50 4.40 0.00 0.00 0.78 1/ Marketing year beginning August 1. Tota ls may not add exactly and trade may not ba lance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing ch annel; for Australia, Brazil, China, and the United States, refl ects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, an d Uzbekistan. 6/ Benin, Burkino Faso, Came roon, Central African Republic, Chad, Cote d' Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Pa raguay, South Africa, Tanzania, and Zimbabwe . 8/ In addition to the countries and regi ons listed, includes Hong Kong, Japan, Russia, South Kore a, and Taiwan. 9/ Includes intra-EU trade. February 2017 WASDE - 562 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2016/17 Proj. Beginning StocksProduction Imports Domestic UseExports Loss /2Ending Stocks World Jan 96.89 105.34 35.65 111.76 35.64 -0.17 90.65 Feb 96.83 105.42 35.75 112.52 35.74 -0.17 89.90 United States Jan 3.80 16.96 0.01 3.30 12.50 -0.03 5.00 Feb 3.80 16.96 0.01 3.30 12.70 -0.03 4.80 Total Foreign Jan 93.09 88.38 35.64 108.46 23.14 -0.14 85.65 Feb 93.03 88.46 35.74 109.22 23.04 -0.14 85.10 filler filler filler filler filler filler filler Major Exporters 4/ Jan 24.51 50.43 2.59 30.63 20.17 -0.28 27.00 Feb 24.43 50.13 2.59 31.19 20.03 -0.28 26.20 Central Asia 5/ Jan 2.24 5.95 3 / 2.37 3.46 0.00 2.36 Feb 2.17 5.73 3 / 2.44 3.24 0.00 2.22 Afr. Fr. Zone 6/ Jan 1.37 4.96 3 / 0.14 4.56 0.00 1.63 Feb 1.37 4.91 3 / 0.14 4.55 0.00 1.59 S. Hemis 7/ Jan 9.71 12.14 0.26 4.21 7.50 -0.29 10.69 Feb 9.71 12.12 0.26 4.21 7.60 -0.29 10.58 Australia Jan 1.68 4.50 3 / 0.04 4.00 -0.15 2.30 Feb 1.68 4.50 3 / 0.04 4.10 -0.15 2.20 Brazil Jan 6.16 6.50 0.10 3.20 2.90 -0.15 6.81 Feb 6.16 6.50 0.10 3.20 2.90 -0.15 6.81 India Jan 10.94 27.00 1.80 23.25 4.40 0.00 12.09 Feb 10.94 27.00 1.80 23.75 4.40 0.00 11.59 filler filler filler filler filler filler filler Major Importers 8/ Jan 66.84 35.11 30.75 73.61 1.93 0.14 57.02 Feb 66.84 35.49 30.87 73.84 1.94 0.14 57.29 Mexico Jan 0.57 0.65 1.15 1.73 0.10 0.03 0.52 Feb 0.57 0.73 1.08 1.73 0.10 0.03 0.52 China Jan 58.20 22.00 4.50 36.25 0.10 0.00 48.35 Feb 58.20 22.50 4.50 36.25 0.10 0.00 48.85 European Union 9/ Jan 0.26 1.23 0.80 0.81 1.15 0.05 0.28 Feb 0.26 1.23 0.78 0.80 1.18 0.05 0.25 Turkey Jan 1.58 3.20 3.70 6.65 0.33 0.00 1.51 Feb 1.58 3.20 3.60 6.60 0.33 0.00 1.46 Pakistan Jan 2.62 7.90 2.55 10.20 0.25 0.03 2.59 Feb 2.62 7.70 2.65 10.20 0.23 0.03 2.52 Indonesia Jan 0.53 0.01 2.90 2.90 0.01 0.00 0.53 Feb 0.53 0.01 2.90 2.90 0.01 0.00 0.53 Thailand Jan 0.22 3 / 1.23 1.20 0.00 0.03 0.22 Feb 0.22 3 / 1.20 1.18 0.00 0.03 0.22 Bangladesh Jan 1.54 0.12 6.45 6.50 0.00 0.01 1.60 Feb 1.54 0.12 6.60 6.70 0.00 0.01 1.55 Vietnam Jan 0.78 3 / 5.00 4.90 0.00 0.00 0.88 Feb 0.78 3 / 5.20 5.10 0.00 0.00 0.88 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destro yed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan , Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions lis ted, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. February 2017 WASDE - 562 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning StocksProduction Imports Domestic CrushDomestic TotalExports Ending Stocks World 2/ 61.86 319.78 124.36 264.49 301.74 126.22 78.05 United States 2.50 106.88 0.90 50.98 54.96 50.14 5.19 Total Foreign 59.36 212.90 123.46 213.52 246.78 76.08 72.86 Major Exporters 3/ 41.48 170.05 0.32 84.27 91.47 68.79 51.59 Argentina 25.27 61.40 0.00 40.02 44.18 10.57 31.92 Brazil 16.02 97.20 0.31 40.44 43.41 50.61 19.50 Paraguay 0.13 8.15 0.01 3.65 3.69 4.49 0.12 Major Importers 4/ 15.22 15.39 105.97 98.31 117.69 0.29 18.60 China 13.85 12.15 78.35 74.50 87.20 0.14 17.01 European Union 0.62 1.83 13.91 14.00 15.57 0.12 0.68 Japan 0.25 0.23 3.00 2.15 3.28 0.00 0.21 Mexico 0.12 0.35 3.82 4.18 4.21 0.00 0.07 2015/16 Est. Beginnin g Stock s Productio n Import sDomesti c Crus hDomesti c Total Export s Endin g Stock s World 2/ 78.05 312.97 133.49 276.31 315.04 132.28 77.19 United States 5.19 106.86 0.64 51.34 54.64 52.69 5.35 Total Foreign 72.86 206.12 132.85 224.97 260.40 79.59 71.83 Major Exporters 3/ 51.59 164.68 1.10 86.98 94.84 71.75 50.77 Argentina 31.92 56.80 0.68 43.23 47.52 9.92 31.95 Brazil 19.50 96.50 0.41 39.90 43.40 54.38 18.63 Paraguay 0.12 9.17 0.01 3.70 3.74 5.40 0.15 Major Importers 4/ 18.60 15.41 113.30 107.44 128.02 0.32 18.97 China 17.01 11.79 83.23 81.30 95.00 0.11 16.91 European Union 0.68 2.26 15.01 15.10 16.68 0.14 1.12 Japan 0.21 0.24 3.19 2.28 3.38 0.00 0.26 Mexico 0.07 0.33 4.13 4.40 4.45 0.00 0.08 2016/17 Proj. Beginnin g Stock s Productio n Import s Domesti c Crus hDomesti c TotalExport s Endin g Stock s World 2/ Jan 77.19 337.85 137.53 290.34 330.34 139.90 82.32 Feb 77.19 336.62 137.43 290.74 330.75 140.11 80.38 United States Jan 5.35 117.21 0.68 52.53 56.02 55.79 11.44 Feb 5.35 117.21 0.68 52.53 56.02 55.79 11.44 Total Foreign Jan 71.83 220.64 136.85 237.82 274.33 84.11 70.89 Feb 71.83 219.42 136.75 238.22 274.73 84.32 68.95 Major Exporters 3/ Jan 50.70 172.87 1.36 89.20 97.34 76.25 51.34 Feb 50.77 171.37 1.36 89.80 97.94 76.25 49.31 Argentina Jan 31.95 57.00 1.00 44.70 49.15 9.00 31.80 Feb 31.95 55.50 1.00 45.30 49.75 9.00 29.70 Brazil Jan 18.63 104.00 0.35 40.50 44.10 59.50 19.38 Feb 18.63 104.00 0.35 40.50 44.10 59.50 19.38 Paraguay Jan 0.08 9.17 0.01 3.80 3.85 5.30 0.11 Feb 0.15 9.17 0.01 3.80 3.85 5.30 0.18 Major Importers 4/ Jan 18.88 16.77 114.94 112.33 133.73 0.33 16.53 Feb 18.97 16.83 114.94 112.38 133.78 0.33 16.64 China Jan 16.91 12.90 86.00 86.50 100.80 0.15 14.86 Feb 16.91 12.90 86.00 86.50 100.80 0.15 14.86 European Union Jan 1.12 2.42 13.80 14.70 16.29 0.15 0.90 Feb 1.12 2.42 13.80 14.70 16.29 0.15 0.90 Japan Jan 0.21 0.24 3.10 2.20 3.36 0.00 0.19 Feb 0.26 0.24 3.10 2.20 3.36 0.00 0.24 Mexico Jan 0.08 0.43 4.30 4.65 4.70 0.00 0.11 Feb 0.08 0.49 4.30 4.70 4.75 0.00 0.12 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October-September year. 2/ World i mports and exports may not balance due to differences in local marke ting years and to time lags betw een reported exports and imports. Therefore, world supply may not equal world us e. 3/ Argentina, Br azil, Paraguay, and Uruguay. 4/ China, European Union, Japan , Mexico, and Southeast Asia (inc ludes Indonesia, Malaysia, Philip pines, Vietnam, and Thailand). February 2017 WASDE - 562 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 10.50 208.33 60.87 202.11 64.46 13.12 United States 0.23 40.88 0.30 29.28 11.89 0.24 Total Foreign 10.27 167.45 60.57 172.83 52.57 12.89 Major Exporters 3/ 6.96 68.39 0.03 22.60 44.49 8.29 Argentina 4.07 30.93 0.00 2.40 28.58 4.03 Brazil 2.48 31.30 0.02 15.70 14.39 3.71 India 0.41 6.16 0.01 4.50 1.52 0.55 Major Importers 4/ 1.44 15.36 36.41 50.50 0.70 2.00 European Union 0.25 11.06 19.62 29.89 0.36 0.68 Southeast Asia 5/ 1.10 2.67 15.08 17.25 0.34 1.26 2015/16 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 13.12 216.75 61.78 214.48 65.65 11.52 United States 0.24 40.53 0.37 30.04 10.85 0.24 Total Foreign 12.89 176.23 61.42 184.45 54.80 11.28 Major Exporters 3/ 8.29 68.69 0.07 23.55 46.14 7.35 Argentina 4.03 33.17 0.00 2.64 30.33 4.23 Brazil 3.71 30.88 0.03 16.20 15.41 3.01 India 0.55 4.64 0.05 4.71 0.41 0.12 Major Importers 4/ 2.00 17.00 36.47 53.27 0.69 1.52 European Union 0.68 11.93 19.21 31.14 0.30 0.37 Southeast Asia 5/ 1.26 3.35 15.54 18.67 0.39 1.10 2016/17 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Jan 11.31 227.80 64.77 225.16 68.32 10.41 Feb 11.52 227.86 64.67 225.01 68.29 10.77 United States Jan 0.24 41.20 0.30 30.94 10.52 0.27 Feb 0.24 41.20 0.30 30.94 10.52 0.27 Total Foreign Jan 11.08 186.60 64.48 194.23 57.79 10.14 Feb 11.28 186.66 64.38 194.07 57.76 10.49 Major Exporters 3/ Jan 7.35 73.13 0.03 24.73 49.30 6.48 Feb 7.35 73.33 0.03 24.73 49.40 6.58 Argentina Jan 4.23 34.58 0.00 2.78 32.30 3.73 Feb 4.23 34.78 0.00 2.78 32.40 3.83 Brazil Jan 3.01 31.35 0.02 16.75 15.20 2.43 Feb 3.01 31.35 0.02 16.75 15.20 2.43 India Jan 0.12 7.20 0.01 5.20 1.80 0.33 Feb 0.12 7.20 0.01 5.20 1.80 0.33 Major Importers 4/ Jan 1.32 16.57 39.33 55.05 0.69 1.48 Feb 1.52 16.57 39.23 55.00 0.69 1.62 European Union Jan 0.37 11.61 20.25 31.59 0.30 0.34 Feb 0.37 11.61 20.25 31.54 0.30 0.40 Southeast Asia 5/ Jan 0.91 3.29 17.28 20.04 0.39 1.05 Feb 1.10 3.29 17.18 20.04 0.39 1.14 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketi ng years and to time lags be tween reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Br azil, and India. 4/ European Union, Southeast Asia, and Japa n. 5/ Indonesia, Malaysia, Philippine s, Vietnam, and Thailand. February 2017 WASDE - 562 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 3.89 49.31 10.03 48.06 11.09 4.08 United States 0.53 9.71 0.12 8.60 0.91 0.84 Total Foreign 3.37 39.60 9.91 39.46 10.18 3.24 Major Exporters 3/ 1.00 18.11 0.29 10.81 7.61 0.97 Argentina 0.24 7.69 0.02 2.50 5.09 0.35 Brazil 0.39 7.76 0.01 6.27 1.51 0.38 European Union 0.38 2.66 0.25 2.04 1.01 0.24 Major Importers 4/ 1.55 15.20 5.26 20.35 0.18 1.47 China 0.97 13.35 0.77 14.20 0.11 0.78 India 0.42 1.39 2.82 4.10 0.00 0.52 North Africa 5/ 0.16 0.47 1.67 2.05 0.07 0.17 2015/16 Est. Beginnin g S tocks Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 4.08 51.81 11.67 51.99 11.71 3.87 United States 0.84 9.96 0.13 9.15 1.02 0.77 Total Foreign 3.24 41.86 11.54 42.84 10.69 3.10 Major Exporters 3/ 0.97 18.96 0.39 11.20 8.16 0.97 Argentina 0.35 8.43 0.00 2.76 5.70 0.33 Brazil 0.38 7.66 0.07 6.27 1.55 0.29 European Union 0.24 2.87 0.33 2.17 0.92 0.35 Major Importers 4/ 1.47 15.95 6.85 22.84 0.16 1.27 China 0.78 14.57 0.59 15.25 0.10 0.59 India 0.52 1.04 4.27 5.30 0.00 0.53 North Africa 5/ 0.17 0.34 2.00 2.29 0.06 0.15 2016/17 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Jan 3.89 54.20 11.02 54.00 11.57 3.54 Feb 3.87 54.29 11.07 53.97 11.58 3.68 United States Jan 0 . 7 7 1 0 . 1 60 . 1 39 . 3 20 . 9 80 . 7 5 Feb 0 . 7 7 1 0 . 1 60 . 1 49 . 3 20 . 9 80 . 7 6 Total Foreign Jan 3.13 44.05 10.89 44.68 10.59 2.79 Feb 3.10 44.14 10.93 44.65 10.60 2.92 Major Exporters 3/ Jan 0.97 19.14 0.29 11.56 8.00 0.84 Feb 0.97 19.27 0.29 11.56 8.00 0.97 Argentina Jan 0.33 8.60 0.00 2.97 5.65 0.31 Feb 0.33 8.73 0.00 2.97 5.65 0.44 Brazil Jan 0.29 7.75 0.04 6.42 1.40 0.26 Feb 0.29 7.75 0.04 6.42 1.40 0.26 European Union Jan 0.35 2.79 0.25 2.17 0.95 0.27 Feb 0.35 2.79 0.25 2.17 0.95 0.27 Major Importers 4/ Jan 1.27 17.68 6.11 23.69 0.19 1.17 Feb 1.27 17.68 6.11 23.69 0.19 1.17 China Jan 0.59 15.50 0.62 16.00 0.11 0.60 Feb 0.59 15.50 0.62 16.00 0.11 0.60 India Jan 0.53 1.62 3.80 5.50 0.00 0.45 Feb 0.53 1.62 3.80 5.50 0.00 0.45 North Africa 5/ Jan 0.15 0.55 1.69 2.19 0.08 0.12 Feb 0.15 0.55 1.69 2.19 0.08 0.12 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketi ng years and to time lags be tween reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Brazil an d European Union. 4/ Chin a, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. February 2017 WASDE - 562 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef PorkRed Mea t 2/Broile r Turkey Total Poultry 3 /Red Meat & PoultryEgg Milk Million Pounds Mil doz Bil lbs 2015 Annual 23,698 24,501 48,432 40,048 5, 627 46,198 94,630 7,975 208.6 2016 I 5,935 6,230 12,222 10,039 1,435 11,609 23,831 2,039 53.0 II 6,187 5,962 12,206 10,253 1,520 11,911 24,117 2,077 54.4 III 6,468 6,099 12,621 10,334 1,515 11,990 24,611 2,112 52.6 IV 6,623 6,647 13,327 10,060 1,511 11,702 25,030 2,183 52.5 Annual Jan Est. 25,225 24,936 50,385 40,675 5, 985 47,204 97,589 8,398 212.5 Feb Est. 25,212 24,939 50,377 40,686 5, 981 47,212 97,589 8,411 212.5 2017 I* 5,980 6,420 12,455 10,225 1,445 11,795 24,250 2,130 53.9 II* 6,645 6,365 13,068 10,450 1,525 12,113 25,181 2,120 55.7 III* 6,700 6,415 13,170 10,500 1,550 12,192 25,362 2,125 53.9 IV* 6,675 6,970 13,703 10,350 1,600 12,090 25,793 2,170 53.9 Annual Jan Proj. 25,955 26,205 52,390 41,575 6,120 48,250 100,640 8,560 217.1 Feb Proj. 26,000 26,170 52,396 41,525 6,120 48,190 100,586 8,545 217.4 * Projection. 1/ Commercial production for re d meats; federally inspected for poultry me ats. 2/ Beef, pork, veal and lamb & mut ton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/Barrows and gilts 3/Broilers 4/Turkeys 5/Eggs 6/Milk 7/ Dol./cw t Dol./cw t Cents/lb. Cents/lb. Cents/doz. Dol./cw t 2015 Annual 148.12 50.23 90.5 116.2 181.8 17.12 2016 I 134.81 44.63 84.6 114.7 121.5 15.70 II 127.68 53.71 93.0 116.5 67.9 14.77 III 113.26 49.26 81.7 120.7 71.6 16.83 IV 107.69 37.02 78.0 116.6 81.7 17.67 Annual Jan Est. 120.86 46.16 84.3 117.1 85.7 16.20 Feb Est. 120.86 46.16 84.3 117.1 85.7 16.24 2017 I* 115-119 48-50 82-84 100-104 84-86 18.30-18.60 II* 110-116 42-44 83-89 101-107 87-93 17.35-17.95 III* 106-114 43-47 83-89 104-112 93-101 17.40-18.30 IV* 104-112 36-38 81-87 109-119 106-114 17.85-18.85 Annual Jan Proj. 106-113 38-41 80-86 105-113 91-97 17.60-18.40 Feb Proj. 109-116 42-45 82-87 104-110 93-98 17.70-18.40 *Projection. 1/ Simple average of months. 2/ 5-Area, Direct, To tal all grades 3/ National Base, Live equiv 51-52% lean. 4/ Whol esale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, Ne w York, volume buyers. 7/ Prices received by farmers for all milk. February 2017 WASDE - 562 - 32 U.S. Meats Supply and Use Item Beginning stocksProduction 1/ ImportsTotal Supply ExportsEnding Stocks Total UsePer Capita 2/ 3/ Million Pounds /4 Beef 2015 591 23,760 3,371 27,721 2,265 683 24,773 53.9 2016 Est. Jan 683 25,289 3,006 28,978 2,519 690 25,769 55.7 Feb 683 25,276 3,016 28,975 2,550 756 25,669 55.4 2017 Proj. Jan 690 26,019 2,700 29,409 2,640 600 26,169 56.1 Feb 756 26,064 2,735 29,555 2,715 600 26,240 56.3 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2015 559 24,517 1,116 26,191 5,009 590 20,593 49.7 2016 Est. Jan 590 24,952 1,096 26,637 5,229 560 20,848 49.9 Feb 590 24,954 1,092 26,636 5,233 509 20,894 50.0 2017 Proj. Jan 560 26,221 1,085 27,866 5,440 660 21,766 51.8 Feb 509 26,186 1,085 27,780 5,440 660 21,680 51.6 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2015 1,190 48,520 4,700 54,410 7,279 1,320 45,810 104.8 2016 Est. Jan 1,320 50,475 4,318 56,113 7,754 1,280 47,080 106.8 Feb 1,320 50,466 4,324 56,110 7,788 1,306 47,016 106.7 2017 Proj. Jan 1,280 52,480 3,973 57,733 8,088 1,290 48,355 109.0 Feb 1,306 52,486 4,017 57,809 8,163 1,295 48,351 109.0 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2015 680 39,620 131 40,431 6,321 832 33,277 88.9 2016 Est. Jan 832 40,240 131 41,203 6,626 780 33,797 89.6 Feb 832 40,251 131 41,214 6,647 783 33,784 89.5 2017 Proj. Jan 780 41,130 140 42,050 6,925 715 34,410 90.6 Feb 783 41,081 140 42,004 6,925 745 34,334 90.4 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2015 193 5,627 45 5,866 529 201 5,136 16.0 2016 Est. Jan 201 5,985 52 6,238 570 245 5,423 16.7 Feb 201 5,981 50 6,232 568 279 5,386 16.6 2017 Proj. Jan 245 6,120 40 6,405 630 275 5,500 16.9 Feb 279 6,120 40 6,439 630 300 5,509 16.9 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2015 877 45,769 177 46,823 6,995 1,041 38,787 106.0 2016 Est. Jan 1,041 46,768 186 47,995 7,348 1,034 39,613 107.5 Feb 1,041 46,776 184 48,002 7,369 1,070 39,563 107.4 2017 Proj. Jan 1,034 47,805 182 49,021 7,695 999 40,327 108.7 Feb 1,070 47,745 182 48,997 7,695 1,053 40,249 108.5 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2015 2,066 94,289 4,877 101,232 14,273 2,361 84,598 210.8 2016 Est. Jan 2,361 97,243 4,503 104,108 15,102 2,314 86,692 214.3 Feb 2,361 97,243 4,508 104,112 15,157 2,376 86,579 214.1 2017 Proj. Jan 2,314 100,284 4,155 106,753 15,783 2,289 88,681 217.7 Feb 2,376 100,231 4,199 106,806 15,858 2,348 88,600 217.5 1/ Total including farm production for red meats and, for pou ltry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis for red meat an d broilers; certified ready-to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. February 2017 WASDE - 562 - 33 U.S. Egg Supply and Use Commodity 2014 2015 2016 Est. 2016 Est. 2017 Proj. 2017 Proj. Jan Feb Jan Feb Eggs Million Dozen Supply Beginning Stocks 23.0 23.3 31.1 31.1 27.0 27.2 Production 8,431.0 7,974.7 8,398.1 8,411.1 8,560.0 8,545.0 Imports 34.7 123.5 107.1 122.1 60.0 60.0 Total Supply 8,488.7 8,121.5 8,536.3 8,564.3 8,647.0 8,632.2 Use Exports 378.5 313.6 275.4 279.2 325.0 325.0 Hatching Use 980.6 995.6 1,007.3 1,009.1 1,040.0 1,020.0 Ending Stocks 23.3 31.1 27.0 27.2 27.0 27.0 Disappearance Total 7,106.2 6,781.2 7,226.6 7,248.8 7,255.0 7,260.2 Per Capita (number) 267.1 252.9 267.5 268.4 266.8 267.0 Total U.S. Milk Supply and Use Commodity 2014 2015 2016 Est. 2016 Est. 2017 Proj. 2017 Proj. Jan Feb Jan Feb Milk Billion Pounds Production 206.1 208.6 212.5 212.5 217.1 217.4 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 11.2 11.2 13.3 13.3 13.4 14.3 Marketings 205.1 207.7 211.5 211.5 216.1 216.4 Imports 4.3 5.7 7.0 7.0 7.0 6.6 Total Cml. Supply 220.6 224.6 231.9 231.9 236.5 237.3 Fat Basis Use Commercial Exports 12.4 8.8 9.1 9.2 8.3 8.3 Ending Commercial Stocks 11.2 13.3 13.4 14.3 13.2 14.3 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 196.9 202.5 209.4 208.5 215.0 214.7 Skim-solid Basis Supply Beg. Commercial Stocks 11.7 13.1 13.9 13.9 14.3 14.8 Marketings 205.1 207.7 211.5 211.5 216.1 216.4 Imports 5.6 6.0 6.4 6.5 6.2 6.2 Total Cml. Supply 222.4 226.7 231.8 231.9 236.6 237.3 Skim-solid Basis Use Commercial Exports 39.0 37.3 38.9 38.9 40.2 40.1 Ending Commercial Stocks 13.1 13.9 14.3 14.8 12.9 14.0 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 170.3 175.5 178.6 178.3 183.5 183.2 Total Note: Totals may not add due to rounding. February 2017 WASDE - 562 - 34 U.S. Dairy Prices Commodity 2014 2015 2016 Est. 2016 Est. 2017 Proj. 2017 Proj. Jan Feb Jan Feb Product Prices 1/ Dollars Pe r Pound Cheese 2.1551 1.6454 1.6050 1.6050 1.675- 1.755 1.660- 1.730 Butter 2.1361 2.0670 2.0777 2.0777 2.095- 2.205 2.045- 2.145 Nonfat Dry Milk 1.7682 0.9016 0.8292 0.8292 0.990- 1.050 0.990- 1.050 Dry Whey 0.6538 0.3804 0.2875 0.2875 0.415- 0.445 0.455- 0.485 Filler Dollars Pe r Cwt Milk Prices 2/ Class III 22.34 15.80 14.87 14.87 16.35- 17.15 16.45- 17.15 Class IV 22.09 14.35 13.77 13.77 15.25- 16.15 15.10- 15.90 All Milk 3/ 23.97 17.12 16.20 16.24 17.60- 18.40 17.70- 18.40 1/ Simple average of monthly prices calculated by AMS from weekly averag e dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test . 3/ Does not reflect any deductions from producers as authori zed by legislation. February 2017 WASDE - 562 - 35 Reliability of February Projections 1/ Note: Tables on pages 35-37 present a record of the February projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0 .6 percent. Chances are 9 out of 10 (90% confidence level) that th e difference will not exceed 1 percen t. The average differe nce between the Februa ry projectio n and the final estimate is 2.3 million tons, ranging from 0 million to 7.3 million tons. The February projection has been below the estimate 26 times and above 9 times. Differences between forecast and final estimate 90 percen t Years Commodity and Region Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final WHEAT Percen t Million Metric Tons Production Worl d 0.6 1.0 2.3 0.0 7.3 26 9 U.S. 0.2 0.3 0.1 0.0 0.3 15 9 Forei gn 0.6 1.1 2.4 0.0 7.3 26 9 Exports Worl d 4.9 8.3 4.9 0.1 18.8 27 8 U.S. 3.9 6.6 1.0 0.0 3.0 18 16 Forei gn 5.9 10.1 4.7 0.5 18.4 30 5 Domestic Use Worl d 1.1 1.8 4.8 0.1 15.6 16 19 U.S. 3.8 6.4 0.9 0.0 2.4 12 22 Forei gn 1.1 1.8 4.5 0.1 15.1 19 16 Endin g Stocks Worl d 4.7 7.9 5.5 0.1 18.2 23 12 U.S. 8.6 14.5 1.3 0.0 4.5 23 12 Forei gn 5.2 8.9 4.8 0.3 17.0 22 13 COARSE GRAINS 2/ Production Worl d 1.2 2.0 9.7 0.0 26.0 28 7 U.S. 0.2 0.3 0.1 0.0 1.3 16 7 Forei gn 1.7 2.9 9.8 0.0 26.0 26 8 Exports Worl d 5.9 10.1 5.5 0.5 27.7 28 7 U.S. 10.3 17.6 3.9 0.1 12.2 17 18 Forei gn 9.6 16.3 5.0 0.1 23.4 25 10 Domestic Use Worl d 1.0 1.8 7.0 0.1 28.9 17 18 U.S. 3.0 5.1 4.0 0.2 17.3 13 22 Forei gn 1.2 2.0 6.7 0.5 22.2 22 13 Endin g Stocks Worl d 9.5 16.2 11.8 0.2 29.9 30 5 U.S. 14.2 24.2 5.2 0.0 18.5 19 16 Forei gn 11.8 20.0 9.4 0.8 28.2 30 5 RICE , milled Production Worl d 1.6 2.7 4.3 0.1 14.0 27 8 U.S. 1.5 2.6 0.1 0.0 0.3 12 6 Forei gn 1.6 2.7 4.3 0.1 14.0 27 8 Exports Worl d 8.6 14.7 1.4 0.0 5.2 27 8 U.S. 7.4 12.5 0.2 0.0 0.6 18 15 Forei gn 9.6 16.4 1.4 0.0 5.0 26 9 Domestic Use Worl d 1.3 2.3 3.5 0.2 13.3 22 13 U.S. 7.2 12.1 0.2 0.0 0.4 14 21 Forei gn 1.3 2.3 3.4 0.1 13.0 22 13 Endin g Stocks Worl d 9.1 15.4 4.4 0.2 27.0 28 7 U.S. 19.6 33.3 0.2 0.0 0.5 20 15 Forei gn 9.3 15.8 4.3 0.0 26.9 28 6 1/ Footnotes at end of table. CONTINUED February 2017 WASDE - 562 - 36 Reliability of February Projections (Continued) 1/ Differences between forecast and final estimate 90 percen t Years Commodity and Region Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final SOYBEANS Percent Million Metric Tons Production World 2.7 4.6 4.0 0.4 15.3 21 14 U.S. 1.4 2.3 0.6 0.0 2.5 15 14 Foreign 4.6 7.9 4.1 0.3 14.8 22 13 Exports World 6.3 10.7 2.7 0.1 12.0 23 12 U.S. 7.4 12.5 1.7 0.2 6.7 23 12 Foreign 16.0 27.2 2.4 0.0 11.6 16 19 Domestic Use World 2.3 3.9 3.1 0.0 10.9 20 15 U.S. 3.1 5.2 1.1 0.0 3.0 24 11 Foreign 2.7 4.7 2.6 0.0 12.5 20 15 Ending Stocks World 14.5 24.5 3.6 0.0 19.3 19 16 U.S. 41.7 70.8 1.9 0.1 6.9 10 25 Foreign 15.7 26.7 3.1 0.2 14.2 22 13 COTTON Million 480-Pound Bales Production World 2.4 4.1 1.8 0.0 5.4 25 10 U.S. 1.0 1.7 0.1 0.0 0.3 13 21 Foreign 2.9 5.0 1.8 0.1 5.7 25 10 Exports World 5.7 9.6 1.4 0.0 7.9 22 13 U.S. 10.1 17.2 0.6 0.0 2.1 19 15 Foreign 7.2 12.3 1.2 0.1 7.2 22 13 Domestic Use World 2.3 3.9 1.7 0.3 6.5 18 17 U.S. 4.6 7.8 0.2 0.0 0.9 22 12 Foreign 2.3 4.0 1.6 0.4 6.3 19 16 Ending Stocks World 9.6 16.3 3.4 0.0 8.9 22 12 U.S. 16.1 27.4 0.7 0.0 2.1 11 24 Foreign 10.6 17.9 3.4 0.1 9.3 23 12 1/ Marketing years 1981/82 through 2015/16 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2015/16. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. February 2017 WASDE - 562 - 37 Reliability of United States February Projections 1/ Differences between forecast and final estimate 90 percen t Years Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final CORN Percent Million Bushels Production 0 . 2 0 . 330 4 122 Exports 10.9 18.5 139 9 384 15 20 Domestic Use 2.9 5.0 139 7 474 15 20 Ending Stocks 16.2 27.5 203 8 838 21 14 SORGHUM Production 0 . 1 0 . 300402 Exports 15.2 25.8 27 0 97 23 10 Domestic Use 14.5 24.6 31 1 178 15 20 Ending Stocks 42.8 72.7 25 1 148 12 23 BARLEY Production 0.8 1.3 1 0 11 15 4 Exports 20.2 34.3 6 0 35 12 20 Domestic Use 5.9 10.0 15 0 70 15 18 Ending Stocks 11.9 20.2 13 0 52 23 11 OATS Production 0 . 3 0 . 600244 Exports 5 2 . 2 8 8 . 610368 Domestic Use 4 . 5 7 . 71 1 13 61 52 0 Ending Stocks 17.0 28.8 12 1 47 19 16 SOYBEAN MEAL Thousand Short Tons Production 2.9 5.0 814 35 2,340 27 8 Exports 9.4 15.9 595 50 2,250 27 8 Domestic Use 2.6 4.5 563 7 2,066 21 14 Ending Stocks 35.6 60.5 62 0 214 14 19 SOYBEAN OIL Million Pounds Production 2.9 4.9 382 7 1,173 25 10 Exports 22.1 37.4 269 25 1,025 19 16 Domestic Use 3.0 5.1 362 0 1,261 23 11 Ending Stocks 19.6 33.3 284 25 1,131 20 15 ANIMAL PROD. 3/ Million Pounds Beef 2.9 5.0 594 9 1,613 23 11 Pork 3.1 5.2 368 10 1,717 22 12 Broilers 1.6 2.8 360 16 1,011 21 13 Turkeys 2.9 4.9 120 2 465 19 15 Million Dozen Eggs 1.8 3.1 93 6 525 20 14 Billion Pounds Milk 1.4 2.3 1.5 0.0 5.7 18 13 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2015/16 for grains, soybeans, and cotton. Final for grains, so ybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2015/16. Calendar years 1982 through 2015 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982-2015. WASDE-562-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oc e/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Produc tion, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 19 0 countries and regions at http://www.fas.usda.gov/psd/online . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric-Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 Register: www.usda.gov/oce/forum WASDE Notification System Subscribers are notified through GovDelivery when the monthly World Agricultural Supply and Demand Estimates (WASDE ) report is available. Previous WASDE reports are available at http://usda.mannlib.cornell.edu/MannUsd a/viewDocumentInfo.do?documentID=1194 For questions contact: Susan Carter at 202-720-5447 or [email protected] World Agricultural Suppl y and Demand Estimates WASDE-562 – February 9, 2017 WASDE Briefing Slides: The briefing slides wh ich accompany today’s WASDE report will be available at http://www.usda.gov/oce /commodity/wasde/ Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e-mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu . Select the “Reports by E-Mail” bar to sign up. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) 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January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 614 Approved by the World Agricultural Outlook Board July 12, 2021 WHEAT: The outlook for 2021/22 U.S. wheat this month is for reduced supplies, lower domestic use and exports, and decreased ending stocks. Supplies are lowered on reduced wheat production and beginning stocks. All wheat production is lowered 152 million bushels to 1,746 million. The all wheat yield is 45.8 bushels per acre, down 4.9 bushels from last month. The NASS July Crop Production report provides survey -based production forecasts for all wheat classes for the first time in the 2021/22 crop year. The production forecasts for durum and other spring wheat indicated a significant decline compared to last year for these two classes due to the severe drought conditions affecting the Northern Plains. Partially offsetting this decrease is higher winter wheat production, both on increased harvested acreage and a higher yield. Imports are raised 20 million bushels to 145 million. Beginning stocks are reduced on the latest NASS Grain Stocks report, which indicated lower 2020/2021 ending stocks than previously estimated. Projected exports and feed and residual usage are lowered to 875 and 170 million bushels, respectively, on the reduction in durum and other spring wheat supplies. These would be the smallest U.S. wheat exports since the 2015/16 marketing year. Projected 2021 /22 ending stocks are reduced 105 million bushels to 665 million and are the lowest since 2013/14. The projected 2021/22 season- average farm price is raised $0.10 per bushel to $6.60. The global wheat outlook for 2021/22 is for reduced supplies, fractionally lower consumption, increased trade, and lower ending stocks. Supplies are projected to decline 5.3 million tons to 1,082.6 million on reduced beginning stocks in several countries and lower U.S. production not offsetting higher foreign production. Global production is lowered 2.0 million tons to 792.4 million but still remains at a record. Australia’s production is raised 1.5 million tons to 28.5 million, based on continued widespread precipitation benefiting emergence and crop establishment. Russia’s production is lowered 1.0 million tons to 85.0 million. Winter wheat production is reduced 0.5 million tons to 64.0 million on decreased harvested area from a damaging early spring freeze more than offsetting higher yields on continued favorable conditions across Western Russia. Spring wheat is also lowered 0.5 million tons to 21.0 million on reduced yields with hot and dry conditions affecting the spring wheat region of Central Russia. Kazakhstan is lowered 1.0 million tons to 13.0 million on similar unfavorable conditions. The EU and United Kingdom are increased a combined 1.4 million tons to 138.2 and 14.8 million, respectively on continued favorable conditions across Northern and Central Europe. Projected 2021/22 world consumption is fractionally lower at 790.9 million on lower feed and residual use in Russia, the United States, and Kazakhstan mostly being offset by higher food, seed, and industrial use in several countries. Projected 2021/22 global trade is raised 0.8 million tons to a record 204.0 million, on increased exports by the EU, Ukraine, and Australia offsetting reductions in Canada, Kazakhstan, and the United States. Projected 2021/22 world ending stocks are lowered 5.1 million tons to 291.7 million but remain above last year. COARSE GRAINS: This month’s 2021/22 U.S. corn outlook is for larger supplies, greater feed and residual use, increased exports, and higher ending stocks. Corn beginning stocks are lowered 25 million bushels, based on greater feed and residual use for 2020/21 as indicated in the June 30 Grain Stocks report. Corn production for 2021/22 is forecast 175 million bushels higher based on greater WASDE-614-2 planted and harvested area from the June 30 Acreage report. The national average corn yield is unchanged at 179.5 bushels per acre. During June, harvested -area weighted precipitation for the major corn producing states was below normal but did not represent an extreme deviation from the 1988 to 2020 average. For much of the crop the critical pollination period will be during middle and late July and USDA will provide its first survey -based corn yield forecast of the season in the August 12 Crop Production report. Total U.S. corn use for 2021/22 is forecast 75 million bushels higher with increases for feed and residual use and exports . Feed and residual use is raised reflecting a larger crop. Corn exports are raised 50 million bushels, with sharply lower exports expected for Brazil. With supply rising more than use, ending stocks are up 75 million bushels. The season -average farm price received by producers is lowered 10 cents to $5.60 per bushel. This month’s 2021/22 foreign coarse grain outlook is for lower production and use, larger trade, and smaller stocks relative to last month. Foreign corn production is higher, with a projected increase for Russia based on higher indicated area. Barley production is raised for Australia but lowered for Canada, the EU, Russia, Kazakhstan, and India. For 2020/21, foreign corn production is lowered, with reductions for Brazil and Paraguay more than offsetting an increase for Argentina. Major global trade changes for 2021/22 include larger corn exports for the United States and Russia with a reduction for Mexico. Corn imports are lowered for the EU and Iran. For 2020/21, corn exports are raised for Argentina but lowered for Brazil for the local marketing year beginning March 2021. Foreign corn ending stocks for 2021/22 are virtually unchanged from last month. RICE : The outlook for 2021/22 U.S. rice this month is for slightly larger supplies, lower domestic use, higher exports, and larger ending stocks. Supplies are raised slightly as increased beginning stocks and imports more than offset lower production. Beginning stocks are higher, primarily due to lower estimates for domestic use and residual for 2020/21, as implied by the latest NASS Rice Stocks report. Domestic use is also reduced in 2021/22 by 3.0 million cwt to 153.0 million, although still a record. All rice production is reduced 2 percent to 199.3 million cwt with all the decline occurring in medium - and short -grain. The severe drought in California reduced medium - and short -grain area as reported in NASS Acreage. The all rice yield is also lowered based on less California area, which consistently achieves higher yields than the southern rice producing S tates. Because of reduced supplies of medium - and short -grain, imports for these classes are raised to a record 8.0 million cwt which increased all rice imports to a record at 39.0 million. All rice exports are raised 2.0 million cwt to 90.0 million (all long- grain) on expectations the United States will continue its recent expansion of rough rice exports to Venezuela and other Latin American markets. Projected 2021/22 all rice ending stocks are raised by 2.3 million cwt to 41.3 million with long- grain accounting for all the increase. The 2021/22 all rice season -average farm price is increased $0.20 per cwt to $14.40, all on higher medium - and short -grain prices expected for California and Other States. The 2021/22 global outlook is for reduced supplies, lower consumption, marginally higher trade, and decreased ending stocks. Supplies are reduced by 2.0 million tons to 681.0 million, primarily on a combination of lower beginning stocks for India and decreased production for Egypt, EU, and United States. India’s beginning stocks are reduced as its 2020/21 exports are raised 2.0 million tons to a record 19.0 million on a continued robust pace and very competitive export prices. World 2021/22 consumption is reduced by 0.6 million tons to a still record 514.0 million. Global 2021/22 trade is raised 0.1 million tons to 47.1 million, on higher exports by the United States, Brazil, and Australia. Projected 2021/22 world ending stocks are reduced by 1.4 million tons to 167.0 million, primarily on India as its stocks are at a 4- year low. OILSEEDS : U.S. oilseed production for 2021/22 is projected at 130.5 million tons, up 0.2 million from last month, with increases for sunflowerseed, peanuts, and cottonseed partly offset with a reduction for canola. Soybean production is projected at 4.4 billion bushels, unchanged from last month. Harvested area, forecast at 86.7 million acres in the June 30 Acreage report, is unchanged WASDE-614-3 from last month but up 4.4 million from last year. The soybean yield forecast is unchanged at 50.8 bushels per acre. Soybean supply and use forecasts are unchanged from last month. Soybean changes for 2020/21 include lower imports, crush, and exports. With offsetting changes in supply and use, ending stocks are unchanged at 135 million bushels. The U.S. season- average soybean price for 2020/21 is forecast at $11.05 per bushel, down $0.20 as early -season sales at lower prices continue to weigh on the season -average forecast. The soybean meal price is projected at $395.00 per short ton, down $10.00 from last month. The soybean oil price is forecast at 57.5 cents per pound, down 1.5 cents. The 2021/22 global oilseed supply and demand forecasts include higher production, exports, crush, and ending stocks compared to last month. Global oilseed production is raised 2.5 million tons to 635.4 million, with higher sunflowerseed, rapeseed, cottonseed, and peanuts partly offset by lower soybean output. Russian sunflowerseed production is increased 2.0 million tons to 16.5 million, mainly on higher area shown in government planting progress reports. Australian rapeseed production is raised on beneficial early -season rainfall and higher area. Canadian canola production is lowered as early -season drought conditions impact yields and offset an increase to area. Canada’s soybean production is also lowered based on lower area. The 2021/22 global soybean ending stocks are increased 1.9 million tons to 94.5 million as higher stocks for Brazil and Argentina are partly offset by lower Chinese stocks. The stocks revisions reflect notable balance sheet changes for Brazil and Argentina in 2020/21 and China in 2020/21 and 2021/22. Exports for Brazil and Argentina for 2020/21 are reduced as high prices lead to lower shipments to China. China’s imports are reduced 2 million tons to 98 million and 1 million tons to 102 million for 2020/21 and 2021/22, respectively. Another notable oilseed change includes a 0.3-million - ton reduction to 18.2 million for Malaysian 2020/21 palm oil production. SUGAR: High -tier tariff sugar imports for 2019/20 and 2020/21 have been corrected due to a discovery of errors in the labelling of data maintained by the U.S. Bureau of the Census (CENSUS). The CENSUS data, which USDA uses to identify high- tier tariff imports , were correct through the month of June 2020 but have been incorrect since July 2020. With the assistance of USDA, CENSUS staff have identified the problem and are in the process of correcting the data. Revised import estimates will be published as soon as practicable. In the meantime, USDA is using non - public estimates of high -tier tariff imports as compiled by U.S. Customs and Border Protection in thei r ACE database. These data since July 2020 through May 2021 will be published by FAS shortly after the release of the July 2021 WASDE. Sweetener Market Data (SMD) for imports and deliveries by non-reporters are revised for both 2019/20 and 2020/21. Impo rts for 2019/20 are decreased by 92,042 short tons, raw value (STRV) to 4.143 million. Deliveries for human consumption for 2019/20 are reduced by the same amount to 12.224 million STRV. Although there is no change to SMD survey- based ending stocks, the ending stocks -to-use ratio for 2019/20 is increased by 0.1 percentage points to 13.0 percent because of lower use. U.S. sugar production for 2021/22 is decreased by 302,422 STRV to 9.008 million. Beet sugar production is projected lower by 192,422 STRV due to a reduction from last month of projected yield in the Upper Midwest on processors’ reporting and a lower U.S. area harvested forecast in the NASS Acreage report . Florida cane sugar is decreased by 85,000 STRV on processors’ reporting of a reduction from last month in forecast area harvested. Louisiana cane sugar production is decreased by 25,000 on lower sugarcane yields forecast by processors. Beet sugar production for 2020/21 is decreased slightly by lower estimated recovery only partially offset by an increase in estimated sugarbeet production in California. The Florida 2020/21 campaign ran late through the beginning of June and is estimated at 2.091 million STRV. The length of the campaign contributed to reduced area for the succeeding campaign in 2021/22. WASDE-614-4 Imports for 2020/21 are increased by 34,093 STRV to 3.138 million STRV. TRQ imports for 2020/21 are estimated at 1.778 million STRV on the basis of the 44,093 STRV increase in the additional specialty TRQ and an additional 60,000 STRV of raw sugar expected to enter after the reallocation by USTR of the raw sugar TRQ shortfall. Shortfall is now estimated at 86,854 STRV, down from 146,854 last month. Partially offsetting these increases are pace -to-date reductions to re -export imports (50,000 STRV reduction) and high -tier tariff sugar imports resulting from ACE sourcing (20,000 STRV reduction). Imports for 2021/22 are increased by 484,000 STRV due to an expected increase in imports from Mexico. There are no changes to use for either 2020/21 or 2021/22. Even with downward revisions made for 2020/21 direct consumption imports due to lower high- tier tariff sugar imports, the pace of overall deliveries appears consistent with an unchanged 12.125 million STRV. Deliveries for 2021/22 are still expected to be flat. All changes for 2020/21 imply an additional 21,522 STRV in ending stocks for a stocks -to-use ratio of 14.49 percent. Ending stocks for 2021/22 are projected at 1.656 million STRV for a stocks -to-use ratio of 13.50 percent. Mexico production for 2020/21 is estimated at 5.708 million metric tons (MT). The campaign is nearly over with only one mill in operation as of July 3. The projection for 2021/22 production is unchanged at 5.809 million MT. Deliveries for IMMEX for 2020/21 are increased by 13,000 MT to 428,000 on the pace to date and the projection for 2021/22 is correspondingly increased by the same amount. Required ending stocks to meet delivery needs for the 2.5 months before the start of the 2021/22 sugarcane campaign are increased slightly because of the 2021/22 increase for IMMEX. These small changes imply slightly lower exports for both 2020/21 and 2021/22. Exports to the United States for 2021/22 are increased to 1.240 million MT on calculated U.S. Needs implied by the July 2021 WASDE as set out in the AD/CVD Suspension Agreements. Resid ually determined exports to other destinations are projected at 271,088 MT. LIVESTOCK, POULTRY, AND DAIRY : The forecast for 2021 red meat and poultry production is lowered from last month on lower pork, broiler, and turkey forecasts. The beef production forecast is unchanged as higher slaughter is offset by lower expected carcass weights. Pork production is reduced on lower expected second -half commercial hog slaughter. Broiler and turkey production are lowered on the pace of production in the second quarter. However, the forecasts for the remainder of the year are unchanged. The egg production forecast is lowered from last month on recent production and flock data. For 2022, the red meat and poultry production forecast is lowered, primarily on lower pork production as well as slightly lower beef production. USDA’s Quarterly Hogs and Pigs report indicated producers expect to farrow fewer sows in the second half of 2021 which, when coupled with slower forecast growth in pigs per litter, will tighten supplies of market -ready hogs in 2022 relative to last month. USDA will release the Cattle report on July 23, which will provide an indication of the mid- year inventory and producer intentions for heifer retention. Broiler, turkey, and egg forecasts are unchanged from last month. Beef import forecasts for 2021 and 2022 are unchanged from last month while the export forecasts are raised for both years on continued firm demand in Asia. Pork import and export forecasts for 2021 and 2022 are unchanged. Broiler exports for 2021 are raised primarily on higher -than-expected May data, but no change is made to the forecasts for 2022. The turkey export forecast is raised slightly for 2021 on current trade data; the forecast for 2022 is unchanged. Cattle price forecasts for 2021 are raised on the strength of recent prices; no change is made to the annual 2022 price. The 2021 hog price forecast is reduced on current price weakness, but the price forecast for 2022 is unchanged as tighter supplies during the year, relative to last month, are expected to help support prices. The broiler price forecast for 2021 is raised on slightly higher expected third- quarter prices; no change is made to the 2022 broiler price. Turkey price forecasts for WASDE-614-5 2021 and 2022 are raised on improving demand. The 2021 and 2022 egg price forecasts are reduced on current price weakness. Milk production forecast for 2021 is lowered from last month as slower -expected growth in milk per cow more than offsets higher forecast cow numbers. However, the 2022 milk production forecast is raised from last month on higher cow numbers. USDA’s Cattle report, to be released on July 23 rd, will provide a mid -year estimate of the dairy cow inventory and producer intentions regarding retention of heifers for dairy cow replacement. Imports on both fat and skim -solids bases are raised for 2021 and 2022 on stronger expected imports of cheese and butterfat containing products. Exports on a skim -solids basis are also raised for 2021 and 2022, reflecting stronger exports of whey, skim/nonfat dry milk powder, and lactose. Fat basis exports are unchanged from last month. For 2021, cheese, butter, nonfat dry milk (NDM), and whey price forecasts are lowered from last month on relatively high stocks and weaker -than- previously -expected demand. As a result, Class III and Class IV prices are lowered. The 2021 all milk price forecast is lowered to $18.30 per cwt. For 2022, price forecasts for cheese and butter are lowered on larger expected stocks and hi gher production, but price forecasts for NDM and whey are unchanged. With lower cheese and butter prices, Class III and Class IV price forecasts are reduced and the 2022 all milk price forecast is lowered to $18.50 per cwt. COTTON : The U.S. 2021/22 cotton projections show higher production, exports, and ending stocks compared with last month. While the June 30 Acreage report shows 300,000 fewer planted acres for U.S. cotton than NASS’s previous survey, a rainfall -driven reduction in projected Texas abandonment means U.S. harvested area is projected 9 percent higher. While 2021/22 production is 800,000 bales higher, consumption is unchanged, and exports and ending stocks are each projected 400,000 bales higher. The upland cotton farm price for 2021/22 is unchanged, at 75 cents per pound, while the 2020/21 price is reduced one half cent to 66.5 cents per pound. World 2021/22 ending stocks of cotton are projected 1.6 million bales lower than in June as largely offsetting changes in production and consumption do little to offset lower estimated beginning stocks. Beginning stocks are 1.5 million bales lower, largely due to reduced 2020/21 Brazilian and Indian production and higher Indian consumption. World production in 2021/22 is projected about 500,000 bales higher this month as a larger U.S. crop more than offsets a 300,000- bale decline for Pakistan. Consumption is slightly more than 600,000 bales higher largely due to an increase for India. World trade is projected 670 ,000 bales lower, with China’s imports 1 million lower and Brazil’s exports 1.1 million bales lower. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Mark Jekanowski, (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: SETH MEYER SECRETARY OF AGRICULTURE DESIGNATE WASDE-614-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone, ICEC Chair, WAOB, mark [email protected] Andrew Sowell, ERS; Graham Soley, FAS; Pete Riley, FPAC. Rice: Mark Simone, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS; Vidalina Abadam, FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Michael McConnell, ERS; Yoonhee Macke, FAS; Sharon Raszap, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Bill George, FAS; Gustavo Ferreira, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; James Johnson, FAS; Kent Lanclos, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Andrew Sowell, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Jacob Vuillemin, FAS; Georgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Grace Grossen, ERS; Claire Mezoughem, FAS; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Georgi Gabrielyan, FPAC. In 2021, the WASDE report will be released on Aug 12, Sep 10, Oct 12, Nov 9, and Dec 9. WASDE-614-7 T A B L E OF C O N T E N T S Page Highlights ................................................................................................................. 1 Interagency Commodity Estimates Committees ...................................................... 6 World & U.S. Supply & Use for Grains .................................................................... 8 World & U.S. Supply & Use for Cotton .................................................................... 9 World & U.S. Supply & Use for Oilseeds ............................................................... 10 U.S. Wheat Supply & Use ...................................................................................... 11 U.S. Wheat Supply & Use by Class ....................................................................... 11 U.S. Feed Grain & Corn Supply & Use .................................................................. 12 U.S. Sorghum, Barley & Oats Supply & Use ......................................................... 13 U.S. Rice Supply & Use ......................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................. 15 U.S. Sugar Supply & Use ...................................................................................... 16 Mexico Sugar Supply and Use .............................................................................. 16 U.S. Cotton Supply & Use ..................................................................................... 17 World Wheat Supply & Use ................................................................................... 18 World Coarse Grains Supply & Use ...................................................................... 20 World Corn Supply & Use ...................................................................................... 22 World Rice Supply & Use ...................................................................................... 24 World Cotton Supply & Use ................................................................................... 26 World Soybean Supply & Use ............................................................................... 28 World Soybean Meal Supply & Use ....................................................................... 29 World Soybean Oil Supply & Use .......................................................................... 30 U.S. Quarterly Animal Product Production ............................................................ 31 U.S. Quarterly Prices for Animal Products ............................................................. 31 U.S. Meats Supply and Use ................................................................................... 32 U.S. Egg Supply & Use .......................................................................................... 33 U.S. Milk Supply and Use ...................................................................................... 33 U.S. Dairy Price s ................................................................................................... 34 Reliability Tables ................................................................................................... 35 Related USDA Reports .......................................................................................... 38 Metric Conversion Factors ..................................................................................... 38 Electronic Access and Subscriptions ...................................................................... 40 July 2021 WASDE - 614 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2019/20 2675.41 3488.07 449.21 2674.97 813.10 2020/21 (Est.) 2710.14 3523.24 481.50 2747.81 775.43 filler filler filler filler filler 2021/22 (Proj.) Jun 2797.65 3579.29 496.57 2795.87 783.42 2021/22 (Proj.) Jul 2795.25 3570.68 498.87 2793.82 776.86 filler filler filler filler filler Wheat 2019/20 763.49 1047.60 194.97 748.29 299.32 2020/21 (Est.) 775.82 1075.13 201.42 784.95 290.18 filler filler filler filler filler 2021/22 (Proj.) Jun 794.44 1087.92 203.22 791.12 296.80 2021/22 (Proj.) Jul 792.40 1082.58 203.99 790.89 291.68 filler filler filler filler filler Coarse Grains 5/ 2019/20 1414.18 1766.13 210.87 1430.19 335.94 2020/21 (Est.) 1429.39 1765.33 231.02 1455.00 310.33 filler filler filler filler filler 2021/22 (Proj.) Jun 1496.60 1808.42 246.38 1490.21 318.21 2021/22 (Proj.) Jul 1496.80 1807.13 247.76 1488.94 318.19 filler filler filler filler filler Rice, milled 2019/20 497.74 674.34 43.38 496.49 177.84 2020/21 (Est.) 504.94 682.78 49.06 507.86 174.92 filler filler filler filler filler 2021/22 (Proj.) Jun 506.62 682.94 46.97 514.54 168.41 2021/22 (Proj.) Jul 506.04 680.97 47.12 513.99 166.98 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2019/20 417.89 516.29 79.82 355.75 80.73 2020/21 (Est.) 431.48 518.53 110.43 353.72 54.39 filler filler filler filler filler 2021/22 (Proj.) Jun 454.30 516.96 98.71 358.91 59.34 2021/22 (Proj.) Jul 452.59 514.79 98.47 358.46 57.86 filler filler filler filler filler Wheat 2019/20 52.58 84.79 26.37 30.44 27.99 2020/21 (Est.) 49.69 80.40 26.99 30.45 22.97 filler filler filler filler filler 2021/22 (Proj.) Jun 51.66 78.24 24.49 32.80 20.95 2021/22 (Proj.) Jul 47.52 74.43 23.81 32.52 18.09 filler filler filler filler filler Coarse Grains 5/ 2019/20 359.43 423.01 50.46 320.73 51.83 2020/21 (Est.) 374.57 428.89 80.49 318.44 29.96 filler filler filler filler filler 2021/22 (Proj.) Jun 396.17 429.73 71.42 321.16 37.15 2021/22 (Proj.) Jul 398.74 431.33 71.80 321.08 38.45 filler filler filler filler filler Rice, milled 2019/20 5.88 8.49 2.99 4.59 0.91 2020/21 (Est.) 7.23 9.24 2.95 4.83 1.46 filler filler filler filler filler 2021/22 (Proj.) Jun 6.46 8.99 2.79 4.95 1.24 2021/22 (Proj.) Jul 6.33 9.03 2.86 4.86 1.31 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). July 2021 WASDE - 614 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2019/20 2,257.52 2,971.77 369.40 2,319.22 732.38 2020/21 (Est.) 2,278.66 3,004.71 371.07 2,394.10 721.05 filler filler filler filler filler 2021/22 (Proj.) Jun 2,343.36 3,062.33 397.87 2,436.96 724.08 2021/22 (Proj.) Jul 2,342.66 3,055.89 400.41 2,435.36 719.00 filler filler filler filler filler Wheat 2019/20 710.90 962.81 168.60 717.85 271.33 2020/21 (Est.) 726.12 994.73 174.43 754.50 267.21 filler filler filler filler filler 2021/22 (Proj.) Jun 742.78 1,009.68 178.73 758.33 275.85 2021/22 (Proj.) Jul 744.88 1,008.15 180.18 758.37 273.59 filler filler filler filler filler Coarse Grains 5/ 2019/20 1,054.75 1,343.12 160.41 1,109.46 284.11 2020/21 (Est.) 1,054.82 1,336.44 150.53 1,136.56 280.37 filler filler filler filler filler 2021/22 (Proj.) Jun 1,100.43 1,378.69 174.96 1,169.05 281.06 2021/22 (Proj.) Jul 1,098.07 1,375.81 175.97 1,167.86 279.74 filler filler filler filler filler Rice, milled 2019/20 491.87 665.85 40.39 491.91 176.93 2020/21 (Est.) 497.71 673.54 46.11 503.03 173.46 filler filler filler filler filler 2021/22 (Proj.) Jun 500.15 673.96 44.18 509.58 167.17 2021/22 (Proj.) Jul 499.71 671.94 44.26 509.13 165.67 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2019/20 121.42 201.44 41.44 102.85 97.92 2020/21 (Est.) 112.56 210.48 48.00 118.60 91.57 filler filler filler filler filler 2021/22 (Proj.) Jun 118.87 211.92 46.59 122.54 89.30 2021/22 (Proj.) Jul 119.39 210.95 45.92 123.16 87.74 filler filler filler filler filler United States 2019/20 19.91 24.77 15.51 2.15 7.25 2020/21 (Est.) 14.61 21.86 16.40 2.30 3.15 filler filler filler filler filler 2021/22 (Proj.) Jun 17.00 20.15 14.80 2.50 2.90 2021/22 (Proj.) Jul 17.80 20.95 15.20 2.50 3.30 filler filler filler filler filler Foreign 4/ 2019/20 101.50 176.67 25.93 100.70 90.67 2020/21 (Est.) 97.95 188.62 31.60 116.30 88.42 filler filler filler filler filler 2021/22 (Proj.) Jun 101.87 191.77 31.79 120.04 86.40 2021/22 (Proj.) Jul 101.59 190.00 30.72 120.66 84.44 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. July 2021 WASDE - 614 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2019/20 580.69 714.72 190.66 507.94 113.07 2020/21 (Est.) 600.20 713.27 191.93 514.77 104.97 filler filler filler filler filler 2021/22 (Proj.) Jun 632.86 734.40 199.48 531.87 106.30 2021/22 (Proj.) Jul 635.41 740.38 199.92 533.84 108.61 filler filler filler filler filler Oilmeals 2019/20 345.88 363.48 95.34 341.83 15.97 2020/21 (Est.) 353.57 369.54 95.17 349.25 15.36 filler filler filler filler filler 2021/22 (Proj.) Jun 364.50 379.40 98.20 358.17 15.33 2021/22 (Proj.) Jul 365.54 380.91 98.93 357.99 16.48 filler filler filler filler filler Vegetable Oils 2019/20 207.43 231.87 86.78 203.14 25.05 2020/21 (Est.) 208.05 233.10 87.23 207.78 22.55 filler filler filler filler filler 2021/22 (Proj.) Jun 216.17 238.91 90.90 213.01 22.32 2021/22 (Proj.) Jul 216.96 239.51 91.37 213.34 22.47 filler filler filler filler filler United States Output Tota l Supply Tra de Tota l Use 2/ Ending Stocks Oilseeds 2019/20 106.98 134.74 46.97 63.04 15.96 2020/21 (Est.) 122.35 139.52 62.93 63.53 5.41 filler filler filler filler filler 2021/22 (Proj.) Jun 130.29 137.33 57.70 65.11 5.80 2021/22 (Proj.) Jul 130.46 137.57 57.69 64.88 5.89 filler filler filler filler filler Oilmeals 2019/20 48.76 53.31 12.83 40.09 0.39 2020/21 (Est.) 49.11 53.84 13.18 40.18 0.48 filler filler filler filler filler 2021/22 (Proj.) Jun 50.19 54.57 13.22 40.87 0.48 2021/22 (Proj.) Jul 50.07 54.50 13.22 40.75 0.53 filler filler filler filler filler Vegetable Oils 2019/20 12.64 18.71 1.50 16.00 1.21 2020/21 (Est.) 12.96 18.80 1.04 16.58 1.19 filler filler filler filler filler 2021/22 (Proj.) Jun 13.22 19.40 0.85 17.49 1.06 2021/22 (Proj.) Jul 13.13 19.30 0.85 17.41 1.04 filler filler filler filler filler Foreign 3/ Output Tota l Supply Tra de Tota l Use 2/ Ending Stocks Oilseeds 2019/20 473.71 579.98 143.69 444.91 97.11 2020/21 (Est.) 477.85 573.75 129.01 451.24 99.56 filler filler filler filler filler 2021/22 (Proj.) Jun 502.57 597.06 141.77 466.76 100.50 2021/22 (Proj.) Jul 504.95 602.81 142.23 468.97 102.72 filler filler filler filler filler Oilmeals 2019/20 297.12 310.17 82.52 301.73 15.59 2020/21 (Est.) 304.46 315.70 81.99 309.07 14.88 filler filler filler filler filler 2021/22 (Proj.) Jun 314.30 324.83 84.98 317.30 14.85 2021/22 (Proj.) Jul 315.47 326.41 85.71 317.24 15.95 filler filler filler filler filler Vegetable Oils 2019/20 194.80 213.17 85.27 187.15 23.84 2020/21 (Est.) 195.10 214.30 86.20 191.21 21.36 filler filler filler filler filler 2021/22 (Proj.) Jun 202.95 219.51 90.05 195.52 21.26 2021/22 (Proj.) Jul 203.83 220.21 90.52 195.93 21.43 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. July 2021 WASDE - 614 - 11 U.S. Wheat Supply and Use 1/ 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Jun Jul Million Acres Area Planted 45.5 44.3 46.4 * 46.7 Area Harvested 37.4 36.7 37.4 * 38.1 Bushels Yield per Harvested Acre 51.7 49.7 50.7 * 45.8 Million Bushels Beginning Stocks 1,080 1,028 852 844 Production 1,932 1,826 1,898 1,746 Imports 104 100 125 145 Supply, Total 3,116 2,954 2,875 2,735 Food 962 960 963 963 Seed 60 61 62 62 Feed and Residual 96 98 180 170 Domestic, Total 1,118 1,119 1,205 1,195 Exports 969 992 900 875 Use, Total 2,087 2,110 2,105 2,070 Ending Stocks 1,028 844 770 665 Avg. Farm Price ($/bu) 2/ 4.58 5.05 6.50 6.60 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2020/21 (Est.) Beginning Stocks 506 280 105 95 42 1,028 Production 659 530 266 302 69 1,826 Supply, Total 3/ 1,169 857 376 404 148 2,954 Domestic Use 401 338 222 65 92 1,119 Exports 342 284 69 268 28 992 Use, Total 743 622 291 334 121 2,110 Ending Stocks, Total 426 235 85 70 28 844 2021/22 (Proj.) Beginning Stocks 426 235 85 70 28 844 Production 805 305 362 237 37 1,746 Supply, Total 3/ 1,236 610 452 312 125 2,735 Domestic Use 507 271 237 91 90 1,195 Exports 360 220 110 170 15 875 Use, Total 867 491 347 261 105 2,070 Ending Stocks, Total Jul 369 119 105 51 20 665 Ending Stocks, Total Jun NA NA NA NA NA NA Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. * For June, planted acres reported in the March 31, 2021, "Prospective Plantings." Winter wheat area harvested and yield reported in the June 10, 2021, "Crop Production." Area harvested and yield for other spring wheat and Durum are projected using 10-year harvested-to -planted ratios by state and 1985-2020 yield trends by state (except for Arizona and California Durum). For July, area planted, area harvested, yield, and production as reported in the July 12, 2021,"Crop Production." July 2021 WASDE - 614 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Jun Jul Million Acres Area Planted 100.6 102.3 103.2 * 104.1 * Area Harvested 89.1 90.7 92.6 * 93.0 * Metric Tons Yield per Harvested Acre 4.03 4.13 4.28 4.28 Million Metric Tons Beginning Stocks 60.5 51.8 30.9 29.9 Production 359.2 374.3 395.9 398.4 Imports 2.8 2.3 2.4 2.4 Supply, Total 422.4 428.3 429.2 430.7 Feed and Residual 154.3 149.1 148.1 148.5 Food, Seed & Industrial 165.9 168.8 172.5 172.0 Domestic, Total 320.2 317.9 320.6 320.5 Exports 50.4 80.5 71.4 71.8 Use, Total 370.6 398.4 392.0 392.3 Ending Stocks 51.8 29.9 37.1 38.4 CORN 2019/20 2020/21 Est. 2021/22 Pro j. 2021/22 Pro j. June J uly Million Acres Area Planted 89.7 90.8 91.1 * 92.7 * Area Harvested 81.3 82.5 83.5 * 84.5 * Bushels Yield per Harvested Acre 167.5 172.0 179.5 * 179.5 * Million Bushels Beginning Stocks 2,221 1,919 1,107 1,082 Production 13,620 14,182 14,990 15,165 Imports 42 25 25 25 Supply, Total 15,883 16,127 16,122 16,272 Feed and Residual 5,898 5,725 5,700 5,725 Food, Seed & Industrial 2/ 6,288 6,470 6,615 6,615 Ethanol & by -products 3/ 4,857 5,050 5,200 5,200 Domestic, Total 12,186 12,195 12,315 12,340 Exports 1,777 2,850 2,450 2,500 Use, Total 13,963 15,045 14,765 14,840 Ending Stocks 1,919 1,082 1,357 1,432 Avg. Farm Price ($/bu) 4/ 3.56 4.40 5.70 5.60 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Databas e at www.ers.usda.gov/data -products/feed-grains- database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing-year weighted Average price received by farmers. * For June, planted acres reported in the March 31, 2021, "Prospective Plantings." Harvested acres projected based on historical abandonment and use for silage. For July, corn planted and harvested area as reported in the June 30, 2021, "Acreage." The yield projection is based on a weather -adjusted trend assuming normal mid-May planting progress and summer growing season weather, estimated using the 1988-2020 time period, and includes a downward stochastic adjustment to account for t he asymmetric response of yield to July precipitation. July 2021 WASDE - 614 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Jun Jul Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 5.3 5.9 6.9 * 6.5 * Area Harvested (mil. acres) 4.7 5.1 6.2 * 5.8 * Yield (bushels/acre) 73.0 73.2 68.9 * 69.0 * Beginning Stocks 64 30 18 13 Production 341 373 427 399 Imports 0 0 0 0 Supply, Total 405 403 445 412 Feed and Residual 97 75 65 65 Food, Seed & Industrial 75 10 10 10 Total Domestic 172 85 75 75 Exports 203 305 350 320 Use, Total 375 390 425 395 Ending Stocks 30 13 20 17 Avg. Farm Price ($/bu) 2/ 3.34 5.15 6.10 6.00 Filler Filler Filler Filler Filler BARLEY 2019/20 2020/21 Est. 2021/22 Pro j. 2021/22 Pro j. June J uly Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.8 2.6 2.6 * 2.6 * Area Harvested (mil. acres) 2.2 2.1 2.1 * 2.0 * Yield (bushels/acre) 77.7 77.5 76.7 * 55.9 * Beginning Stocks 87 80 79 72 Production 172 165 161 114 Imports 7 7 7 7 Supply, Total 266 252 247 193 Feed and Residual 39 26 15 10 Food, Seed & Industrial 142 141 141 120 Total Domestic 180 167 156 130 Exports 6 14 12 6 Use, Total 186 180 168 136 Ending Stocks 80 72 79 57 Avg. Farm Price ($/bu) 2/ 4.69 4.75 5.95 5.95 Filler Filler Filler Filler Filler OATS 2019/20 2020/21 Est. 2021/22 Pro j. 2021/22 Pro j. June J uly Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.8 3.0 2.5 * 2.4 * Area Harvested (mil. acres) 0.8 1.0 0.8 * 0.7 * Yield (bushels/acre) 64.3 65.1 66.3 * 57.2 * Beginning Stocks 38 37 39 38 Production 53 65 53 41 Imports 92 85 95 92 Supply, Total 183 188 187 171 Feed and Residual 63 67 75 65 Food, Seed & Industrial 81 79 80 79 Total Domestic 144 146 155 144 Exports 2 3 2 2 Use, Total 146 150 157 146 Ending Stocks 37 38 30 25 Avg. Farm Price ($/bu) 2/ 2.82 2.77 3.60 3.60 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. * For June--Planted acres reported in the March 31, 2021, "Prospect ive Plantings." Harvested area for sorghum, barley and oats based on historical average harvested- to-planted ratios. For sorghum the yield is the median yield for 2001- 2020. For barley and oats, projected yields are based on the 1991- 2020 linear trends. Yields shown reflect production rounding. For July-- Sorghum planted and harvested area as reported in the June 30, 2021, "Acreage." Sorghum yield is the median yield for 2001 -2020. Barley and oats area planted, area harvested, yield, and production as rep orted in the July 12, 2021, "Crop Production." July 2021 WASDE - 614 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Jun Jul Million Acres Area Planted 2.55 3.04 2.71 * 2.66 * Area Harvested 2.48 2.99 2.66 * 2.62 * Filler Pounds Yield per Harvested Acre 7,473 7,619 7,651 * 7,620 * Million Hundredweight Beginning Stocks 2/ 44.9 28.7 40.9 45.9 Production 185.1 227.6 203.6 199.3 Imports 37.3 34.7 38.5 39.0 Supply, Total 267.3 290.9 283.0 284.3 Domestic & Residual 3/ 144.4 152.0 156.0 153.0 Exports, Total 4/ 94.2 93.0 88.0 90.0 Rough 31.3 36.0 33.0 35.0 Milled (rough equiv.) 62.9 57.0 55.0 55.0 Use, Total 238.6 245.0 244.0 243.0 Ending Stocks 28.7 45.9 39.0 41.3 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 13.60 13.80 14.20 14.40 Tota l LONG -GRAIN RICE 2019/20 2020/21 Est. 2021/22 Pro j. 2021/22 Pro j. June J uly Harvested Acres (mil.) 1.73 2.30 Yield (pounds/acre) 7,261 7,422 Beginning Stocks 32.6 16.9 28.8 32.8 Imports 29.8 28.0 31.0 31.0 Production 125.6 170.9 152.3 152.3 Supply, Total 7/ 188.0 215.8 212.1 216.1 Domestic & Residual 3/ 106.3 118.0 121.0 120.0 Exports 8/ 64.8 65.0 61.0 63.0 Use, Total 171.1 183.0 182.0 183.0 Ending Stocks 16.9 32.8 30.1 33.1 Avg. Farm Price ($/cwt) 6/ 12.00 12.50 12.80 12.80 Filler Filler Filler Filler Filler MEDIUM & SHORT -GRAIN RICE 2019/20 2020/21 Est. 2021/22 Pro j. 2021/22 Pro j. June J uly Harvested Acres (mil.) 0.75 0.69 Yield (pounds/acre) 7,964 8,282 Beginning Stocks 10.2 10.7 11.1 12.1 Imports 7.6 6.7 7.5 8.0 Production 59.5 56.7 51.3 47.0 Supply, Total 7/ 78.3 74.1 69.9 67.1 Domestic & Residual 3/ 38.2 34.0 35.0 33.0 Exports 8/ 29.4 28.0 27.0 27.0 Use, Total 67.6 62.0 62.0 60.0 Ending Stocks 10.7 12.1 7.9 7.1 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 18.20 17.60 18.50 19.30 California 10/ 21.60 19.70 21.00 22.00 Other States 1/ 11.60 13.00 13.20 13.50 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2017/18- 1.4; 2018/19 -2.1; 2019/ 20-1.0. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing- year weighted average price received by farm ers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The California medium/short -grain season -average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the r ice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. 10/ Marketing year beginning October 1. * For June --Planted acres reported in March 31, 2021, "Prospective Plantings." Harvested acres are estimated using long run harvested- to-planted ratios by rice class. For July --Planted and harvested area are reported in June 30, 2021 "Acreage" report. Projected yield is based on by -class trend analysis and planted area . July 2021 WASDE - 614 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Jun Jul Filler Filler Filler Filler Filler Million Acres Area Planted 76.1 83.1 87.6 * 87.6 ** Area Harvested 74.9 82.3 86.7 * 86.7 ** Filler Bushels Yield per Harvested Acre 47.4 50.2 50.8 * 50.8 ** Million Bushels Beginning Stocks 909 525 135 135 Production 3,552 4,135 4,405 4,405 Imports 15 20 35 35 Supply, Total 4,476 4,680 4,575 4,575 Crushings 2,165 2,170 2,225 2,225 Exports 1,679 2,270 2,075 2,075 Seed 96 102 104 104 Residual 12 4 15 15 Use, Total 3,952 4,545 4,420 4,420 Ending Stocks 525 135 155 155 Avg. Farm Price ($/bu) 2/ 8.57 11.05 13.85 13.70 Tota l SOYBEAN OIL 2019/20 2020/21 Est. 2021/22 Pro j. 2021/22 Pro j. June J uly Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,775 1,853 1,808 1,793 Production 4/ 24,911 25,390 25,945 25,945 Imports 320 250 600 600 Supply, Total 27,006 27,493 28,353 28,338 Domestic Disappearance 22,317 23,925 25,400 25,400 Biofuel 3/ 8,658 9,300 12,000 12,000 Food, Feed & other Industrial 13,659 14,625 13,400 13,400 Exports 2,837 1,775 1,450 1,450 Use, Total 25,154 25,700 26,850 26,850 Ending stocks 1,853 1,793 1,503 1,488 Avg. Price (c/lb) 2/ 29.65 57.50 65.00 65.00 Tota l SOYBEAN MEAL 2019/20 2020/21 Est. 2021/22 Pro j. 2021/22 Pro j. June J uly Filler 1 2 3 4 Thousand Short Tons Beginning Stocks 402 341 400 450 Production 4/ 51,100 51,359 52,500 52,500 Imports 639 800 450 450 Supply, Total 52,142 52,500 53,350 53,400 Domestic Disappearance 37,967 37,800 38,600 38,600 Exports 13,834 14,250 14,300 14,300 Use, Total 51,801 52,050 52,900 52,900 Ending Stocks 341 450 450 500 Avg. Price ($/s.t.) 2/ 299.50 395.00 400.00 395.00 Tota l Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects soybean oil used for biofuels as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,170 million bushels for 2020/21 and 2,225 million bushels for 2021/22. *Planted acres are reported in the March 31, 2021 Prospective Plantings report. Harvested acres are based on historical planted-to -harvested ratios. **Planted and harvested acres ar e from the June 30, 2021 Acreage report. The projected yield is based on a weather -adjusted trend model. July 2021 WASDE - 614 - 16 U.S. Sugar Supply and Use 1/ 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Jun Jul Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 1,783 1,618 1,755 1,777 Production 2/ 8,149 9,286 9,310 9,008 Beet Sugar 4,351 5,114 5,225 5,033 Cane Sugar 3,798 4,172 4,085 3,975 Florida 2,106 2,091 2,100 2,015 Louisiana 1,566 1,949 1,850 1,825 Texas 126 132 135 135 Imports 4,143 3,138 2,652 3,136 TRQ 3/ 2,152 1,778 1,387 1,387 Other Program 4/ 432 200 250 250 Other 5/ 1,559 1,161 1,015 1,499 Mexico 1,376 981 965 1,449 Total Supply 14,074 14,042 13,717 13,921 Exports 61 35 35 35 Deliveries 12,322 12,230 12,230 12,230 Food 12,224 12,125 12,125 12,125 Other 6/ 98 105 105 105 Miscellaneous 74 0 0 0 Total Use 12,457 12,265 12,265 12,265 Ending Stocks 1,618 1,777 1,452 1,656 Stocks to Use Ratio 13.0 14.5 11.8 13.5 Tota l 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2020/21 and 2021/22 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2020/21, WTO raw sugar TRQ shortfall (87) and for 2021/22 (99). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Imports from Mexico; and high- tier tariff sugar and syrups not otherwise specified -- for 2019/20 (183), 2020/21 (180), and 2021/22 (50). 6/ Transfers accompanying deliveries for sugar-containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total r efiner license transfers for SCP and POLY inclusive of WASDE -reported deliveries: 2019/20 -- 298; estimated 2020/21 -- 347; projected 2021/22 -- 358. Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2020/21 Est. Jun 858 5,700 105 4,378 1,374 910 2020/21 Est. Jul 858 5,708 105 4,391 1,366 913 2021/22 Proj. Jun 910 5,809 85 4,370 1,524 910 2021/22 Proj. Jul 913 5,809 85 4,383 1,511 913 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2019/20 = 1,388; Estimated 2020/21 = 1,325; Projected 2021/22 = 1,300. Estimated Oct -May 2020/21 = 879; Estimated Oct -May 2019/20 = 912. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2020/21 (428 est =363 dom.+65 import); 2021/22 (428 proj = 363 dom.+65 import). Statistical Adjustments: 2020/21 (0), 2021/22 (0). July 2021 WASDE - 614 - 17 U.S. Cotton Supply and Use 1/ 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Jun Jul Filler Filler Filler Filler Filler Area Million Acres Planted 13.74 12.09 12.04 * 11.72 ** Harvested 11.50 8.28 9.63 * 10.50 ** Filler Pounds Yield per Harvested Acre 831 847 847 * 814 ** Million 480 Pound Bales Beginning Stocks 4.85 7.25 3.15 3.15 Production 19.91 14.61 17.00 17.80 Imports 0.00 0.00 0.00 0.00 Supply, Total 24.77 21.86 20.15 20.95 Domestic Use 2.15 2.30 2.50 2.50 Exports, Total 15.51 16.40 14.80 15.20 Use, Total 17.66 18.70 17.30 17.70 Unaccounted 2/ -0.15 0.01 -0.05 -0.05 Ending Stocks 7.25 3.15 2.90 3.30 Avg. Farm Price 3/ 59.6 66.5 75.0 75.0 Tota l Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. *Planted area as reported in March 31, 2021 Prospective Plantings. Harvested area based on 10 -year average abandonment by region, with the Southwest adjusted to reflect unfavorable moisture. Yield based on 10-year averag e yields by region. **Planted area as reported in June 30, 2021 Acreage. Harvested area based on 10-year average abandonment by region, with the Southwest adjusted to reflect favorable moisture. Yield based on 10 -year average yields by region, with the S outhwest adjusted for current conditions. July 2021 WASDE - 614 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 284.12 763.49 187.83 139.44 748.29 194.97 299.32 World Less China 144.35 629.90 182.45 120.44 622.29 193.92 147.63 United States 29.39 52.58 2.83 2.63 30.44 26.37 27.99 Total Foreign 254.73 710.90 185.00 136.82 717.85 168.60 271.33 Major Exporters 4/ 37.35 308.45 7.55 73.41 179.56 142.53 31.26 Argentina 1.74 19.78 0.01 0.05 6.30 13.50 1.72 Australia 4.44 14.48 0.89 4.50 8.00 9.14 2.68 Canada 6.04 32.67 0.68 4.16 9.26 24.63 5.50 European Union 5/ 15.80 138.74 5.55 45.50 107.70 39.77 12.62 Russia 7.78 73.61 0.33 17.00 40.00 34.49 7.23 Ukraine 1.56 29.17 0.09 2.20 8.30 21.01 1.51 Major Importers 6/ 181.69 202.53 122.17 37.09 297.79 13.20 195.39 Bangladesh 1.26 1.20 6.80 0.30 7.40 0.00 1.86 Brazil 1.06 5.20 7.20 0.50 12.10 0.42 0.94 China 139.77 133.59 5.38 19.00 126.00 1.05 151.68 Japan 1.08 1.10 5.68 0.65 6.37 0.29 1.20 N. Africa 7/ 15.54 18.40 27.74 1.85 46.25 1.07 14.36 Nigeria 0.20 0.06 5.34 0.05 4.90 0.40 0.30 Sel. Mideast 8/ 12.06 22.20 17.71 3.60 38.47 0.78 12.71 Southeast Asia 9/ 5.95 0.00 26.45 7.94 25.35 1.13 5.91 Selected Other India 16.99 103.60 0.02 6.00 95.40 0.51 24.70 Kazakhstan 1.68 11.45 0.58 1.30 6.10 6.99 0.63 United Kingdom 1.91 15.60 1.74 7.84 14.99 1.62 2.64 2020/21 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 299.32 775.82 192.36 158.32 784.95 201.42 290.18 World Less China 147.63 641.57 181.86 118.32 634.95 200.62 144.55 United States 27.99 49.69 2.73 2.67 30.45 26.99 22.97 Total Foreign 271.33 726.12 189.63 155.66 754.50 174.43 267.21 Major Exporters 4/ 31.26 322.53 6.93 73.35 180.30 147.00 33.42 Argentina 1.72 17.63 0.01 0.05 6.35 10.50 2.51 Australia 2.68 33.00 0.20 5.00 8.50 23.00 4.38 Canada 5.50 35.18 0.55 4.70 9.90 27.50 3.83 European Union 5/ 12.62 125.94 5.60 42.00 104.35 30.75 9.07 Russia 7.23 85.35 0.45 19.00 42.50 38.50 12.03 Ukraine 1.51 25.42 0.13 2.60 8.70 16.75 1.60 Major Importers 6/ 195.39 202.74 124.03 57.26 323.61 12.58 185.97 Bangladesh 1.86 1.18 6.70 0.35 7.75 0.00 1.99 Brazil 0.94 6.25 6.50 0.40 12.10 0.95 0.64 China 151.68 134.25 10.50 40.00 150.00 0.80 145.63 Japan 1.20 0.99 5.60 0.70 6.40 0.29 1.10 N. Africa 7/ 14.36 16.60 29.10 1.75 47.10 1.00 11.96 Nigeria 0.30 0.06 6.00 0.05 5.15 0.50 0.70 Sel. Mideast 8/ 12.71 22.18 18.00 3.59 39.21 0.52 13.16 Southeast Asia 9/ 5.91 0.00 24.95 7.02 24.55 1.13 5.19 Selected Other India 24.70 107.86 0.03 6.50 103.09 2.40 27.10 Kazakhstan 0.63 14.26 0.60 1.40 6.25 8.00 1.24 United Kingdom 2.64 9.66 2.80 6.10 13.25 0.40 1.45 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tu nisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2021 WASDE - 614 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jun 293.48 794.44 199.46 160.73 791.12 203.22 296.80 Jul 290.18 792.40 201.99 160.55 790.89 203.99 291.68 World Less China Jun 147.85 658.44 189.46 125.73 643.12 202.22 154.17 Jul 144.55 656.40 191.99 125.55 642.89 202.99 149.05 United States Jun 23.18 51.66 3.40 4.90 32.80 24.49 20.95 Jul 22.97 47.52 3.95 4.63 32.52 23.81 18.09 Total Foreign Jun 270.31 742.78 196.06 155.83 758.33 178.73 275.85 Jul 267.21 744.88 198.04 155.93 758.37 180.18 273.59 Major Exporters 4/ Jun 34.37 332.50 7.30 76.05 183.15 150.50 40.52 Jul 33.42 333.70 7.30 76.05 183.15 152.00 39.27 Argentina Jun 2.51 20.50 0.00 0.05 6.45 13.50 3.06 Jul 2.51 20.50 0.00 0.05 6.45 13.50 3.06 Australia Jun 5.38 27.00 0.20 4.50 8.00 20.00 4.58 Jul 4.38 28.50 0.20 4.50 8.00 20.50 4.58 Canada Jun 3.83 32.00 0.70 4.00 9.20 23.50 3.83 Jul 3.83 31.50 0.70 4.00 9.20 23.00 3.83 European Union 5/ Jun 9.17 137.50 5.80 45.00 107.50 33.00 11.97 Jul 9.07 138.20 5.80 45.50 108.00 34.00 11.07 Russia Jun 12.03 86.00 0.50 19.50 43.00 40.00 15.53 Jul 12.03 85.00 0.50 19.00 42.50 40.00 15.03 Ukraine Jun 1.45 29.50 0.10 3.00 9.00 20.50 1.55 Jul 1.60 30.00 0.10 3.00 9.00 21.00 1.70 Major Importers 6/ Jun 186.51 206.36 129.11 52.97 324.06 13.10 184.82 Jul 185.97 206.46 129.71 53.27 325.01 13.10 184.04 Bangladesh Jun 1.99 1.13 7.00 0.40 8.10 0.00 2.02 Jul 1.99 1.13 7.00 0.40 8.10 0.00 2.02 Brazil Jun 0.64 6.80 7.00 0.70 12.50 1.00 0.94 Jul 0.64 6.90 7.00 0.70 12.50 1.00 1.04 China Jun 145.63 136.00 10.00 35.00 148.00 1.00 142.63 Jul 145.63 136.00 10.00 35.00 148.00 1.00 142.63 Japan Jun 1.10 0.96 5.80 0.70 6.40 0.30 1.16 Jul 1.10 0.96 5.80 0.70 6.40 0.30 1.16 N. Africa 7/ Jun 12.01 20.85 29.15 1.75 47.50 1.01 13.51 Jul 11.96 20.85 29.15 1.75 47.75 1.01 13.21 Nigeria Jun 0.40 0.06 5.20 0.05 4.85 0.40 0.41 Jul 0.70 0.06 5.60 0.05 5.35 0.40 0.61 Sel. Mideast 8/ Jun 13.06 20.49 19.41 3.67 39.61 0.74 12.61 Jul 13.16 20.49 19.31 3.67 39.51 0.74 12.71 Southeast Asia 9/ Jun 5.29 0.00 26.30 7.00 24.95 1.11 5.53 Jul 5.19 0.00 26.60 7.30 25.25 1.11 5.43 Selected Other India Jun 27.10 108.00 0.03 7.00 105.00 2.50 27.63 Jul 27.10 108.00 0.03 7.00 105.00 2.50 27.63 Kazakhstan Jun 1.59 14.00 0.50 1.50 6.40 8.00 1.69 Jul 1.24 13.00 0.50 1.30 6.15 7.50 1.09 United Kingdom Jun 1.50 14.10 2.40 7.70 15.90 0.55 1.55 Jul 1.45 14.80 2.00 7.70 15.90 0.70 1.65 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2021 WASDE - 614 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 351.94 1,414.18 204.91 882.78 1,430.19 210.87 335.94 World Less China 141.55 1,145.98 187.41 681.96 1,135.12 210.83 134.96 United States 60.47 359.43 3.11 154.48 320.73 50.46 51.83 Total Foreign 291.47 1,054.75 201.80 728.29 1,109.46 160.41 284.11 Major Exporters 4/ 19.62 307.86 4.58 134.33 179.24 128.59 24.23 Argentina 3.62 58.13 0.02 12.12 17.78 39.32 4.68 Australia 2.43 11.90 0.01 5.61 7.57 3.87 2.89 Brazil 5.67 105.82 2.31 61.71 72.84 35.23 5.72 Canada 3.29 28.61 1.92 17.23 24.93 4.91 3.98 Russia 1.22 40.50 0.18 22.29 31.39 8.63 1.87 Ukraine 2.04 46.55 0.03 8.89 11.89 34.08 2.65 Major Importers 5/ 37.34 248.22 142.37 292.89 374.97 16.03 36.93 European Union 6/ 14.51 152.73 19.42 119.65 158.63 13.65 14.38 Japan 1.75 0.23 17.63 13.91 17.87 0.00 1.74 Mexico 5.78 32.10 17.60 30.83 50.31 1.03 4.14 N. Afr & Mideast 7/ 7.39 33.22 41.65 64.93 73.40 0.74 8.12 Saudi Arabia 1.70 0.20 11.22 11.05 11.40 0.00 1.72 Southeast Asia 8/ 3.38 29.40 18.20 38.50 46.55 0.61 3.82 South Korea 1.86 0.28 11.98 9.55 12.09 0.00 2.02 Selected Other China 210.40 268.20 17.50 200.82 295.07 0.04 200.98 2020/21 Est. Beginning Stocks Production Imports Domes tic Feed Domes tic Total 2/ Exports Ending Stocks World 3/ 335.94 1,429.39 227.64 905.42 1,455.00 231.02 310.33 World Less China 134.96 1,161.34 183.59 683.82 1,141.02 230.99 111.26 United States 51.83 374.57 2.50 149.26 318.44 80.49 29.96 Total Foreign 284.11 1,054.82 225.15 756.15 1,136.56 150.53 280.37 Major Exporters 4/ 24.23 298.86 6.33 137.07 182.53 122.53 24.37 Argentina 4.68 56.99 0.01 12.91 18.58 39.81 3.29 Australia 2.89 16.45 0.00 6.10 8.17 7.60 3.57 Brazil 5.72 96.96 4.20 62.02 73.16 28.03 5.71 Canada 3.98 29.64 1.96 16.64 24.12 7.46 4.01 Russia 1.87 41.40 0.09 22.37 31.94 9.05 2.37 Ukraine 2.65 39.59 0.03 9.95 13.11 27.38 1.77 Major Importers 5/ 36.93 249.68 134.82 290.83 372.89 13.39 35.15 European Union 6/ 14.38 153.13 12.70 116.65 155.65 11.10 13.46 Japan 1.74 0.23 16.97 13.37 17.25 0.00 1.69 Mexico 4.14 31.86 17.04 29.86 49.25 0.73 3.06 N. Afr & Mideast 7/ 8.12 33.57 38.36 63.39 71.70 0.70 7.65 Saudi Arabia 1.72 0.19 11.21 11.15 11.51 0.00 1.62 Southeast Asia 8/ 3.82 30.40 22.45 42.74 51.10 0.86 4.71 South Korea 2.02 0.22 11.61 9.15 11.66 0.00 2.19 Selected Other China 200.98 268.05 44.05 221.60 313.98 0.03 199.07 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some coun tries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, an d Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indone sia, Malaysia, Philippines, Thailand, and Vietnam. July 2021 WASDE - 614 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jun 311.82 1,496.60 237.04 926.30 1,490.21 246.38 318.21 Jul 310.33 1,496.80 235.47 923.12 1,488.94 247.76 318.19 World Less China Jun 112.79 1,221.17 190.14 696.85 1,167.96 246.33 119.16 Jul 111.26 1,221.38 188.77 693.77 1,166.79 247.71 119.20 United States Jun 30.88 396.17 2.68 148.30 321.16 71.42 37.15 Jul 29.96 398.74 2.63 148.68 321.08 71.80 38.45 Total Foreign Jun 280.94 1,100.43 234.36 778.00 1,169.05 174.96 281.06 Jul 280.37 1,098.07 232.85 774.44 1,167.86 175.97 279.74 Major Exporters 4/ Jun 24.75 334.34 4.66 142.48 189.48 146.62 27.65 Jul 24.37 333.67 4.62 140.91 187.63 148.12 26.91 Argentina Jun 3.39 60.78 0.01 13.08 18.85 41.51 3.82 Jul 3.29 60.78 0.01 12.98 18.65 41.71 3.72 Australia Jun 3.77 13.45 0.00 6.76 8.82 5.88 2.53 Jul 3.57 14.20 0.00 6.61 8.67 6.88 2.22 Brazil Jun 5.71 122.02 2.40 65.59 77.73 43.03 9.38 Jul 5.71 122.02 2.40 65.59 77.73 43.03 9.38 Canada Jun 4.01 30.87 2.11 17.86 25.36 7.80 3.83 Jul 4.01 29.25 2.02 16.54 23.94 7.70 3.64 Russia Jun 2.45 41.55 0.08 22.95 32.65 9.45 1.97 Jul 2.37 41.65 0.10 22.95 32.55 9.75 1.82 Ukraine Jun 1.77 47.96 0.03 8.85 12.01 35.75 2.00 Jul 1.77 48.06 0.03 8.85 12.01 35.85 2.00 Major Importers 5/ Jun 35.24 249.93 143.42 298.01 380.77 14.11 33.71 Jul 35.15 248.73 141.87 296.09 378.72 13.61 33.42 European Union 6/ Jun 13.46 154.60 17.42 120.30 159.43 11.95 14.11 Jul 13.46 153.40 16.42 118.80 157.83 11.65 13.81 Japan Jun 1.69 0.20 17.54 13.88 17.82 0.00 1.61 Jul 1.69 0.20 17.54 13.88 17.82 0.00 1.61 Mexico Jun 3.06 33.75 17.60 30.49 49.99 0.90 3.52 Jul 3.06 33.75 17.55 30.66 50.14 0.70 3.52 N. Afr & Mideast 7/ Jun 7.75 30.97 42.51 65.57 74.24 0.42 6.57 Jul 7.65 30.97 41.51 64.47 73.14 0.42 6.58 Saudi Arabia Jun 1.62 0.20 11.51 11.36 11.71 0.00 1.62 Jul 1.62 0.20 11.51 11.36 11.71 0.00 1.62 Southeast Asia 8/ Jun 4.71 29.91 20.55 42.45 50.85 0.85 3.48 Jul 4.71 29.91 21.05 42.95 51.35 0.85 3.48 South Korea Jun 2.19 0.22 11.81 9.55 12.06 0.00 2.17 Jul 2.19 0.22 11.81 9.55 12.06 0.00 2.17 Selected Other China Jun 199.03 275.43 46.90 229.45 322.25 0.05 199.05 Jul 199.07 275.43 46.70 229.35 322.15 0.05 198.99 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit , and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Afr ica and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade ex cludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2021 WASDE - 614 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 322.56 1,117.56 167.59 715.75 1,134.66 172.41 305.46 World Less China 112.40 856.78 160.00 522.75 856.66 172.39 104.93 United States 56.41 345.96 1.06 149.82 309.55 45.13 48.76 Total Foreign 266.15 771.60 166.53 565.93 825.11 127.27 256.70 Major Exporters 4/ 9.97 219.01 1.73 88.40 110.40 107.03 13.27 Argentina 2.37 51.00 0.00 9.50 13.50 36.25 3.62 Brazil 5.31 102.00 1.65 58.50 68.50 35.23 5.23 Russia 0.38 14.28 0.05 8.80 9.80 4.07 0.83 South Africa 1.02 15.84 0.00 6.40 12.20 2.55 2.12 Ukraine 0.89 35.89 0.03 5.20 6.40 28.93 1.48 Major Importers 5/ 22.24 129.30 93.95 163.05 217.45 7.04 21.01 Egypt 1.81 6.40 10.43 14.40 16.90 0.01 1.73 European Union 6/ 7.64 66.74 17.38 59.00 78.80 5.39 7.58 Japan 1.45 0.00 15.89 12.40 15.95 0.00 1.39 Mexico 5.16 26.66 16.53 25.60 43.80 1.03 3.52 Southeast Asia 7/ 3.37 29.35 17.26 37.70 45.55 0.61 3.81 South Korea 1.84 0.08 11.88 9.50 11.80 0.00 2.00 Selected Other 0.00 Canada 1.98 13.40 1.84 8.64 13.96 0.71 2.56 China 210.16 260.78 7.60 193.00 278.00 0.01 200.53 2020/21 Est. Beginning Stocks Production Imports Domes tic Feed Domes tic Total 2 / Exports Ending Stocks World 3/ 305.46 1,120.65 182.16 727.33 1,146.25 183.10 279.86 World Less China 104.93 859.98 156.16 521.33 857.25 183.08 81.68 United States 48.76 360.25 0.64 145.42 309.77 72.39 27.48 Total Foreign 256.70 760.39 181.53 581.91 836.48 110.70 252.37 Major Exporters 4/ 13.27 202.67 3.56 92.30 114.40 92.80 12.30 Argentina 3.62 48.50 0.01 10.50 14.50 35.50 2.12 Brazil 5.23 93.00 3.50 58.50 68.50 28.00 5.23 Russia 0.83 13.87 0.04 9.60 10.70 3.10 0.94 South Africa 2.12 17.00 0.00 7.00 12.80 3.20 3.12 Ukraine 1.48 30.30 0.02 6.70 7.90 23.00 0.89 Major Importers 5/ 21.01 127.88 89.80 159.10 213.70 4.87 20.12 Egypt 1.73 6.40 10.30 14.40 16.90 0.01 1.52 European Union 6/ 7.58 63.98 11.20 52.70 72.50 3.30 6.95 Japan 1.39 0.00 15.40 11.90 15.40 0.00 1.39 Mexico 3.52 27.00 16.50 25.50 43.70 0.70 2.62 Southeast Asia 7/ 3.81 30.35 20.50 41.00 49.10 0.86 4.70 South Korea 2.00 0.08 11.50 9.10 11.40 0.00 2.18 Selected Other 0.00 Canada 2.56 13.56 1.70 8.80 14.00 1.50 2.32 China 200.53 260.67 26.00 206.00 289.00 0.02 198.18 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2021 WASDE - 614 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jun 280.60 1,189.85 189.51 748.27 1,181.04 197.47 289.41 Jul 279.86 1,194.80 187.66 747.59 1,183.47 198.84 291.18 World Less China Jun 82.42 921.85 163.51 537.27 887.04 197.45 91.26 Jul 81.68 926.80 161.66 536.59 889.47 198.82 93.03 United States Jun 28.12 380.76 0.64 144.79 312.82 62.23 34.47 Jul 27.48 385.21 0.64 145.42 313.45 63.50 36.37 Total Foreign Jun 252.48 809.09 188.87 603.49 868.22 135.24 254.95 Jul 252.37 809.59 187.02 602.17 870.02 135.34 254.81 Major Exporters 4/ Jun 12.30 238.40 1.77 95.30 118.70 116.80 16.97 Jul 12.30 238.90 1.77 95.50 118.90 117.10 16.97 Argentina Jun 2.12 51.00 0.01 10.50 14.50 36.00 2.63 Jul 2.12 51.00 0.01 10.50 14.50 36.00 2.63 Brazil Jun 5.23 118.00 1.70 62.00 73.00 43.00 8.93 Jul 5.23 118.00 1.70 62.00 73.00 43.00 8.93 Russia Jun 0.94 14.90 0.05 9.90 11.10 4.10 0.69 Jul 0.94 15.40 0.05 10.10 11.30 4.40 0.69 South Africa Jun 3.12 17.00 0.00 7.30 13.30 3.20 3.62 Jul 3.12 17.00 0.00 7.30 13.30 3.20 3.62 Ukraine Jun 0.89 37.50 0.02 5.60 6.80 30.50 1.11 Jul 0.89 37.50 0.02 5.60 6.80 30.50 1.11 Major Importers 5/ Jun 20.12 131.12 94.90 165.80 220.70 6.05 19.39 Jul 20.12 131.12 93.90 165.00 219.90 5.85 19.39 Egypt Jun 1.52 6.40 10.40 14.40 16.90 0.01 1.42 Jul 1.52 6.40 10.40 14.40 16.90 0.01 1.42 European Union 6/ Jun 6.95 66.70 16.00 58.00 77.90 4.30 7.45 Jul 6.95 66.70 15.00 57.00 76.90 4.30 7.45 Japan Jun 1.39 0.00 15.90 12.40 15.95 0.00 1.34 Jul 1.39 0.00 15.90 12.40 15.95 0.00 1.34 Mexico Jun 2.62 28.00 17.00 25.60 43.80 0.90 2.92 Jul 2.62 28.00 17.00 25.80 44.00 0.70 2.92 Southeast Asia 7/ Jun 4.70 29.86 19.50 41.50 49.75 0.85 3.47 Jul 4.70 29.86 19.50 41.50 49.75 0.85 3.47 South Korea Jun 2.18 0.08 11.70 9.50 11.80 0.00 2.15 Jul 2.18 0.08 11.70 9.50 11.80 0.00 2.15 Selected Other Canada Jun 2.32 13.30 2.00 9.30 14.50 1.00 2.12 Jul 2.32 13.30 2.00 9.30 14.50 1.00 2.12 China Jun 198.18 268.00 26.00 211.00 294.00 0.02 198.16 Jul 198.18 268.00 26.00 211.00 294.00 0.02 198.16 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. July 2021 WASDE - 614 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 176.59 497.74 42.30 496.49 43.38 177.84 World Less China 61.59 351.01 39.70 351.26 40.78 61.34 United States 1.42 5.88 1.19 4.59 2.99 0.91 Total Foreign 175.17 491.87 41.12 491.91 40.39 176.93 Major Exporters 4/ 36.67 183.69 0.65 153.33 30.48 37.20 Burma 1.06 12.65 0.00 10.40 2.30 1.01 India 29.50 118.87 0.00 105.98 12.49 29.90 Pakistan 0.93 7.41 0.00 3.40 3.82 1.13 Thailand 4.08 17.66 0.25 12.30 5.71 3.98 Vietnam 1.10 27.10 0.40 21.25 6.17 1.18 Major Importers 5/ 127.82 239.80 13.97 249.65 3.18 128.75 China 115.00 146.73 2.60 145.23 2.60 116.50 European Union 6/ 1.19 1.99 2.00 3.39 0.53 1.26 Indonesia 4.06 34.70 0.55 36.00 0.00 3.31 Nigeria 1.22 5.04 1.40 6.85 0.00 0.81 Philippines 3.52 11.93 2.45 14.30 0.00 3.60 Sel. Mideast 7/ 0.89 2.34 3.97 5.98 0.00 1.22 Selected Other 0.00 Brazil 0.25 7.60 0.87 7.30 1.22 0.21 C. Amer & Carib 8/ 0.58 1.59 1.86 3.39 0.04 0.61 Egypt 0.95 4.30 0.30 4.30 0.02 1.23 Japan 2.05 7.61 0.71 8.35 0.03 1.98 Mexico 0.15 0.18 0.80 0.94 0.02 0.18 South Korea 1.09 3.74 0.45 4.10 0.06 1.14 2020/21 Est. Beginning Stocks Production Imports Total /2 Domes tic Exports Ending Stocks World 3/ 177.84 504.94 44.99 507.86 49.06 174.92 World Less China 61.34 356.64 41.39 357.46 46.66 59.32 United States 0.91 7.23 1.10 4.83 2.95 1.46 Total Foreign 176.93 497.71 43.89 503.03 46.11 173.46 Major Exporters 4/ 37.20 188.71 0.90 155.05 37.20 34.56 Burma 1.01 12.60 0.00 10.55 1.90 1.16 India 29.90 122.00 0.00 107.00 19.00 25.90 Pakistan 1.13 8.18 0.00 3.55 4.20 1.56 Thailand 3.98 18.83 0.20 12.70 5.80 4.51 Vietnam 1.18 27.10 0.70 21.25 6.30 1.43 Major Importers 5/ 128.75 240.61 16.42 255.30 2.92 127.56 China 116.50 148.30 3.60 150.40 2.40 115.60 European Union 6/ 1.26 1.95 1.95 3.45 0.50 1.21 Indonesia 3.31 35.20 0.70 35.80 0.00 3.41 Nigeria 0.81 4.89 1.90 6.90 0.00 0.70 Philippines 3.60 12.40 2.10 14.45 0.00 3.65 Sel. Mideast 7/ 1.22 2.31 3.60 6.10 0.00 1.02 Selected Other 0.00 Brazil 0.21 7.91 0.70 7.40 0.90 0.51 C. Amer & Carib 8/ 0.61 1.61 1.92 3.48 0.03 0.62 Egypt 1.23 4.00 0.25 4.30 0.02 1.16 Japan 1.98 7.57 0.69 8.25 0.08 1.90 Mexico 0.18 0.21 0.80 0.96 0.01 0.22 South Korea 1.14 3.51 0.45 4.00 0.06 1.04 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. July 2021 WASDE - 614 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Jun 176.33 506.62 44.69 514.54 46.97 168.41 Jul 174.92 506.04 45.39 513.99 47.12 166.98 World Less China Jun 60.73 357.62 41.79 358.54 44.57 59.31 Jul 59.32 357.04 42.19 357.99 44.72 57.58 United States Jun 1.30 6.46 1.22 4.95 2.79 1.24 Jul 1.46 6.33 1.24 4.86 2.86 1.31 Total Foreign Jun 175.03 500.15 43.47 509.59 44.18 167.17 Jul 173.46 499.71 44.15 509.13 44.26 165.67 Major Exporters 4/ Jun 36.36 188.40 0.70 156.45 34.70 34.32 Jul 34.56 188.40 0.70 156.55 34.70 32.42 Burma Jun 1.16 12.80 0.00 10.65 2.10 1.22 Jul 1.16 12.80 0.00 10.65 2.10 1.22 India Jun 27.90 121.00 0.00 108.00 15.50 25.40 Jul 25.90 121.00 0.00 108.00 15.50 23.40 Pakistan Jun 1.56 8.20 0.00 3.70 4.30 1.76 Jul 1.56 8.20 0.00 3.70 4.30 1.76 Thailand Jun 4.51 19.50 0.20 12.90 6.50 4.81 Jul 4.51 19.50 0.20 12.90 6.50 4.81 Vietnam Jun 1.23 26.90 0.50 21.20 6.30 1.13 Jul 1.43 26.90 0.50 21.30 6.30 1.23 Major Importers 5/ Jun 127.35 242.37 15.50 261.06 2.97 121.18 Jul 127.56 242.27 15.80 261.06 2.97 121.60 China Jun 115.60 149.00 2.90 156.00 2.40 109.10 Jul 115.60 149.00 3.20 156.00 2.40 109.40 European Union 6/ Jun 1.22 1.99 2.10 3.50 0.55 1.26 Jul 1.21 1.89 2.10 3.50 0.55 1.15 Indonesia Jun 3.41 35.30 0.60 35.60 0.00 3.71 Jul 3.41 35.30 0.60 35.60 0.00 3.71 Nigeria Jun 0.65 5.00 2.00 6.95 0.00 0.70 Jul 0.70 5.00 2.00 6.95 0.00 0.75 Philippines Jun 3.65 12.30 2.10 14.50 0.00 3.55 Jul 3.65 12.30 2.10 14.50 0.00 3.55 Sel. Mideast 7/ Jun 1.02 2.25 3.85 6.11 0.00 1.01 Jul 1.02 2.25 3.85 6.11 0.00 1.01 Selected Other Brazil Jun 0.42 7.82 0.70 7.45 1.00 0.49 Jul 0.51 7.96 0.70 7.50 1.05 0.62 C. Amer & Carib 8/ Jun 0.66 1.67 1.93 3.51 0.02 0.72 Jul 0.62 1.67 1.93 3.51 0.02 0.68 Egypt Jun 1.16 4.00 0.20 4.35 0.02 0.99 Jul 1.16 3.45 0.60 4.30 0.02 0.89 Japan Jun 1.90 7.58 0.69 8.20 0.07 1.90 Jul 1.90 7.58 0.69 8.20 0.07 1.90 Mexico Jun 0.22 0.22 0.80 0.97 0.01 0.26 Jul 0.22 0.22 0.80 0.97 0.01 0.26 South Korea Jun 1.04 3.77 0.41 3.90 0.06 1.26 Jul 1.04 3.77 0.41 3.90 0.06 1.26 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. July 2021 WASDE - 614 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2019/20 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 80.02 121.42 40.74 102.85 41.44 -0.03 97.92 World Less China 44.35 94.17 33.60 69.85 41.28 -0.03 61.02 United States 4.85 19.91 3/ 2.15 15.51 -0.15 7.25 Total Foreign 75.17 101.50 40.74 100.70 25.93 0.12 90.67 Major Exporters 4/ 28.33 57.83 2.92 28.19 21.43 0.02 39.43 Central Asia 5/ 2.28 5.96 3/ 3.93 1.78 0.00 2.53 Afr. Fr. Zone 6/ 1.41 5.91 3/ 0.14 4.89 0.00 2.29 S. Hemis. 7/ 15.32 16.71 0.14 3.56 11.31 0.01 17.28 Australia 1.57 0.63 3/ 0.04 1.36 0.00 0.80 Brazil 12.26 13.78 0.01 2.70 8.94 0.00 14.40 India 9.00 28.80 2.28 20.00 3.20 0.00 16.88 Major Importers 8/ 44.87 40.62 35.44 68.85 3.19 0.10 48.79 Mexico 0.69 1.57 0.59 1.48 0.66 0.03 0.69 China 35.67 27.25 7.14 33.00 0.16 0.00 36.90 European Union 9/ 0.22 2.00 0.58 0.60 1.82 0.02 0.35 Turkey 1.69 3.45 4.67 6.60 0.45 0.00 2.77 Pakistan 2.50 6.20 3.98 9.20 0.06 0.03 3.39 Indonesia 0.53 3/ 2.51 2.40 0.00 0.00 0.64 Thailand 0.20 3/ 0.70 0.78 0.00 0.02 0.10 Bangladesh 1.78 0.14 7.50 6.90 0.00 0.01 2.52 Vietnam 1.23 3/ 6.48 6.60 0.00 0.00 1.11 2020/21 Est. Beginning Stocks Production Imports Domes tic Use Exports Los s /2 Ending Stocks World 97.92 112.56 47.82 118.60 48.00 0.13 91.57 World Less China 61.02 83.06 35.32 78.60 47.98 0.13 52.69 United States 7.25 14.61 3/ 2.30 16.40 0.01 3.15 Total Foreign 90.67 97.95 47.82 116.30 31.60 0.12 88.42 Major Exporters 4/ 39.43 55.08 1.56 32.83 27.20 0.02 36.01 Central Asia 5/ 2.53 5.75 3/ 4.17 1.80 0.00 2.31 Afr. Fr. Zone 6/ 2.29 4.87 3/ 0.14 4.98 0.00 2.04 S. Hemis. 7/ 17.28 15.81 0.16 3.91 13.75 0.01 15.58 Australia 0.80 2.80 3/ 0.04 1.40 0.00 2.17 Brazil 14.40 10.75 0.03 3.00 11.10 0.00 11.08 India 16.88 28.30 0.80 24.00 6.10 0.00 15.88 Major Importers 8/ 48.79 39.75 43.93 79.67 2.96 0.10 49.74 Mexico 0.69 1.02 0.88 1.65 0.50 0.03 0.41 China 36.90 29.50 12.50 40.00 0.03 0.00 38.87 European Union 9/ 0.35 1.68 0.56 0.61 1.81 0.01 0.16 Turkey 2.77 2.90 5.25 7.70 0.55 0.00 2.67 Pakistan 3.39 4.50 5.30 10.30 0.03 0.03 2.84 Indonesia 0.64 3/ 2.25 2.40 0.01 0.00 0.49 Thailand 0.10 3/ 0.55 0.53 0.00 0.03 0.10 Bangladesh 2.52 0.15 8.25 8.10 0.00 0.01 2.80 Vietnam 1.11 3/ 7.35 7.30 0.00 0.00 1.16 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. July 2021 WASDE - 614 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2021/22 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Jun 93.05 118.87 46.59 122.54 46.59 0.08 89.30 Jul 91.57 119.39 45.92 123.16 45.92 0.06 87.74 World Less China Jun 54.18 92.12 35.59 81.54 46.54 0.08 53.73 Jul 52.69 92.64 35.92 82.16 45.87 0.06 53.16 United States Jun 3.15 17.00 3/ 2.50 14.80 -0.05 2.90 Jul 3.15 17.80 3/ 2.50 15.20 -0.05 3.30 filler filler filler filler filler filler filler Total Foreign Jun 89.90 101.87 46.59 120.04 31.79 0.13 86.40 Jul 88.42 101.59 45.91 120.66 30.72 0.11 84.44 Major Exporters 4/ Jun 37.54 60.30 1.74 34.11 27.61 0.02 37.83 Jul 36.01 60.32 1.74 34.61 26.49 0.02 36.95 Central Asia 5/ Jun 2.34 5.63 3/ 4.28 1.49 0.00 2.20 Jul 2.31 5.63 3/ 4.28 1.49 0.00 2.17 Afr. Fr. Zone 6/ Jun 2.04 5.87 3/ 0.14 5.80 0.00 1.97 Jul 2.04 5.87 3/ 0.14 5.80 0.00 1.97 S. Hemis. 7/ Jun 16.18 19.40 0.16 4.08 13.95 0.01 17.70 Jul 15.58 19.40 0.16 4.08 12.80 0.01 18.25 Australia Jun 2.17 3.90 3/ 0.04 3.40 0.00 2.63 Jul 2.17 3.90 3/ 0.04 3.30 0.00 2.73 filler filler filler filler filler filler filler Brazil Jun 11.68 13.25 0.03 3.10 9.25 0.00 12.60 Jul 11.08 13.25 0.03 3.10 8.20 0.00 13.05 India Jun 16.78 29.00 1.00 25.00 6.00 0.00 15.78 Jul 15.88 29.00 1.00 25.50 6.00 0.00 14.38 Major Importers 8/ Jun 49.70 38.45 42.43 82.04 2.52 0.11 45.90 Jul 49.74 38.15 41.73 82.14 2.58 0.09 44.82 Mexico Jun 0.41 1.05 0.90 1.70 0.25 0.03 0.39 Jul 0.41 1.05 0.90 1.70 0.25 0.03 0.39 China Jun 38.87 26.75 11.00 41.00 0.05 0.00 35.57 Jul 38.87 26.75 10.00 41.00 0.05 0.00 34.57 European Union 9/ Jun 0.23 1.80 0.60 0.64 1.71 0.03 0.26 Jul 0.16 1.80 0.59 0.64 1.76 0.00 0.15 Turkey Jun 2.59 3.40 5.20 8.20 0.45 0.00 2.54 Jul 2.67 3.40 5.20 8.20 0.45 0.00 2.62 Pakistan Jun 2.84 5.30 5.00 10.50 0.05 0.03 2.57 Jul 2.84 5.00 5.30 10.50 0.05 0.03 2.57 Indonesia Jun 0.49 3/ 2.50 2.50 0.01 0.00 0.49 Jul 0.49 3/ 2.50 2.50 0.01 0.00 0.49 Thailand Jun 0.10 3/ 0.58 0.55 0.00 0.03 0.11 Jul 0.10 3/ 0.58 0.55 0.00 0.03 0.11 Bangladesh Jun 2.80 0.15 8.00 8.40 0.00 0.01 2.54 Jul 2.80 0.15 8.00 8.40 0.00 0.01 2.54 Vietnam Jun 1.11 3/ 7.60 7.50 0.00 0.00 1.22 Jul 1.16 3/ 7.60 7.60 0.00 0.00 1.17 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. July 2021 WASDE - 614 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 114.61 339.41 164.97 311.49 357.40 165.06 96.53 World Less China 95.16 321.31 66.44 219.99 248.20 164.97 69.74 United States 24.74 96.67 0.42 58.91 61.85 45.70 14.28 Total Foreign 89.87 242.74 164.55 252.58 295.55 119.36 82.26 Major Exporters 3/ 62.44 189.39 5.45 88.35 98.40 110.68 48.20 Argentina 28.89 48.80 4.88 38.77 45.87 10.00 26.70 Brazil 32.47 128.50 0.55 46.00 48.65 92.14 20.74 Paraguay 1.06 10.10 0.01 3.50 3.80 6.62 0.75 Major Importers 4/ 22.07 21.76 131.86 120.06 145.90 0.34 29.45 China 19.46 18.10 98.53 91.50 109.20 0.09 26.80 European Union 1.52 2.62 14.95 15.60 17.32 0.23 1.54 Southeast Asia 0.74 0.60 9.31 4.50 9.79 0.02 0.83 Mexico 0.18 0.24 5.75 6.00 6.05 0.00 0.11 2020/21 Est. Beginning Stocks Production Imports Domes tic C rus h Domes tic Tota l Exports Ending Stocks World 2/ 96.53 363.57 165.79 321.97 368.92 165.49 91.49 World Less China 69.74 343.97 67.79 225.97 254.42 165.39 61.70 United States 14.28 112.55 0.54 59.06 61.93 61.78 3.66 Total Foreign 82.26 251.03 165.25 262.92 306.99 103.71 87.83 Major Exporters 3/ 48.20 195.53 5.72 91.63 101.78 95.36 52.30 Argentina 26.70 46.50 4.70 41.50 48.70 3.70 25.50 Brazil 20.74 137.00 1.00 46.75 49.40 83.00 26.34 Paraguay 0.75 9.90 0.01 3.30 3.60 6.60 0.46 Major Importers 4/ 29.45 23.24 131.92 125.56 152.31 0.35 31.95 China 26.80 19.60 98.00 96.00 114.50 0.10 29.80 European Union 1.54 2.58 15.00 16.20 17.92 0.23 0.97 Southeast Asia 0.83 0.58 9.67 4.81 10.19 0.02 0.87 Mexico 0.11 0.25 6.00 6.20 6.25 0.00 0.10 2021/22 Proj. Beginning Stocks Production Imports Domes tic C rus h Domes tic Tota l Exports Ending Stocks World 2/ Jun 88.00 385.52 172.71 331.69 380.78 172.90 92.55 Jul 91.49 385.22 171.71 332.04 381.09 172.85 94.49 World Less China Jun 56.20 366.52 69.71 231.69 261.08 172.80 58.56 Jul 61.70 366.22 69.71 232.04 261.39 172.75 63.49 United States Jun 3.66 119.88 0.95 60.56 63.81 56.47 4.22 Jul 3.66 119.88 0.95 60.56 63.81 56.47 4.22 Total Foreign Jun 84.34 265.64 171.76 271.14 316.97 116.43 88.33 Jul 87.83 265.34 170.76 271.49 317.28 116.38 90.27 Major Exporters 3/ Jun 46.85 209.10 5.37 94.03 104.33 108.38 48.61 Jul 52.30 209.10 5.37 94.53 104.83 108.38 53.56 Argentina Jun 23.35 52.00 4.70 42.50 49.85 6.35 23.85 Jul 25.50 52.00 4.70 43.00 50.35 6.35 25.50 Brazil Jun 23.04 144.00 0.65 47.70 50.35 93.00 24.34 Jul 26.34 144.00 0.65 47.70 50.35 93.00 27.64 Paraguay Jun 0.46 10.50 0.01 3.75 4.05 6.50 0.42 Jul 0.46 10.50 0.01 3.75 4.05 6.50 0.42 Major Importers 4/ Jun 33.90 22.87 137.35 129.71 157.68 0.35 36.09 Jul 31.95 22.87 136.35 129.71 157.68 0.35 33.14 China Jun 31.80 19.00 103.00 100.00 119.70 0.10 34.00 Jul 29.80 19.00 102.00 100.00 119.70 0.10 31.00 European Union Jun 0.92 2.80 15.00 15.90 17.62 0.23 0.87 Jul 0.97 2.80 15.00 15.90 17.62 0.23 0.92 Southeast Asia Jun 0.87 0.53 9.85 4.98 10.36 0.02 0.87 Jul 0.87 0.53 9.85 4.98 10.36 0.02 0.87 Mexico Jun 0.10 0.30 6.20 6.40 6.45 0.00 0.15 Jul 0.10 0.30 6.20 6.40 6.45 0.00 0.15 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports . Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to roun ding. July 2021 WASDE - 614 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.78 244.49 61.94 240.69 67.68 11.84 World Less China 13.78 172.02 61.89 169.18 66.67 11.84 United States 0.37 46.36 0.58 34.44 12.55 0.31 Total Foreign 13.41 198.13 61.36 206.24 55.13 11.53 Major Exporters 3/ 5.98 72.24 0.03 27.37 45.85 5.04 Argentina 2.06 29.87 0.00 3.20 27.46 1.27 Brazil 3.54 35.65 0.01 18.50 17.50 3.20 India 0.38 6.72 0.02 5.67 0.89 0.57 Major Importers 4/ 2.16 22.44 37.06 58.95 1.10 1.62 European Union 0.86 12.32 16.33 28.32 0.88 0.33 Mexico 0.26 4.75 1.82 6.73 0.01 0.10 Southeast Asia 5/ 1.01 3.51 17.05 20.31 0.21 1.05 China 0.00 72.47 0.05 71.51 1.01 0.00 2020/21 Est. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ 11.84 252.85 63.32 248.22 67.86 11.92 World Less China 11.84 176.81 63.24 173.36 66.61 11.92 United States 0.31 46.59 0.73 34.29 12.93 0.41 Total Foreign 11.53 206.25 62.59 213.93 54.94 11.51 Major Exporters 3/ 5.04 75.71 0.06 28.87 46.05 5.89 Argentina 1.27 31.95 0.00 3.32 28.25 1.65 Brazil 3.20 36.24 0.02 19.70 16.00 3.76 India 0.57 7.52 0.04 5.85 1.80 0.48 Major Importers 4/ 1.62 23.23 37.40 59.44 1.03 1.77 European Union 0.33 12.81 16.70 28.54 0.80 0.49 Mexico 0.10 4.90 1.88 6.75 0.01 0.12 Southeast Asia 5/ 1.05 3.75 16.97 20.54 0.22 1.01 China 0.00 76.03 0.08 74.86 1.25 0.00 2021/22 Proj. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ Jun 11.38 260.32 64.47 254.86 69.85 11.46 Jul 11.92 260.63 64.39 254.63 70.15 12.16 World Less China Jun 11.38 181.12 64.41 176.85 68.60 11.46 Jul 11.92 181.43 64.33 176.62 68.90 12.16 United States Jun 0.36 47.63 0.41 35.02 12.97 0.41 Jul 0.41 47.63 0.41 35.02 12.97 0.45 Total Foreign Jun 11.02 212.69 64.07 219.85 56.88 11.05 Jul 11.51 213.00 63.99 219.61 57.18 11.71 Major Exporters 3/ Jun 5.43 77.46 0.05 29.87 47.55 5.51 Jul 5.89 77.88 0.05 29.89 47.85 6.08 Argentina Jun 1.69 32.73 0.00 3.38 29.20 1.84 Jul 1.65 33.15 0.00 3.40 29.50 1.90 Brazil Jun 3.26 36.97 0.02 20.25 16.65 3.34 Jul 3.76 36.97 0.02 20.25 16.65 3.84 India Jun 0.48 7.76 0.03 6.24 1.70 0.34 Jul 0.48 7.76 0.03 6.24 1.70 0.34 Major Importers 4/ Jun 1.75 23.34 38.03 60.06 1.09 1.97 Jul 1.77 23.34 37.90 59.96 1.09 1.96 European Union Jun 0.49 12.57 17.00 28.54 0.85 0.67 Jul 0.49 12.57 17.00 28.54 0.85 0.67 Mexico Jun 0.12 5.06 1.93 7.00 0.01 0.09 Jul 0.12 5.06 1.93 7.00 0.01 0.09 Southeast Asia 5/ Jun 0.99 3.88 17.30 20.89 0.24 1.05 Jul 1.01 3.88 17.17 20.79 0.24 1.04 China Jun 0.00 79.20 0.06 78.01 1.25 0.00 Jul 0.00 79.20 0.06 78.01 1.25 0.00 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. July 2021 WASDE - 614 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 4.30 58.36 11.39 57.24 12.31 4.51 World Less China 3.80 41.97 10.39 40.15 12.15 3.86 United States 0.81 11.30 0.15 10.12 1.29 0.84 Total Foreign 3.50 47.06 11.25 47.12 11.02 3.67 Major Exporters 3/ 1.07 20.18 0.55 12.42 8.12 1.26 Argentina 0.43 7.70 0.00 2.18 5.40 0.55 Brazil 0.32 8.85 0.07 7.77 1.16 0.32 European Union 0.26 2.96 0.48 2.43 0.93 0.35 Major Importers 4/ 1.21 19.45 7.04 25.91 0.47 1.32 China 0.50 16.40 1.00 17.09 0.16 0.65 India 0.14 1.51 3.63 5.11 0.02 0.15 North Africa 5/ 0.29 1.07 1.79 2.50 0.29 0.36 2020/21 Est. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ 4.51 60.46 12.13 60.05 12.53 4.52 World Less China 3.86 43.26 10.93 41.80 12.48 3.77 United States 0.84 11.52 0.11 10.85 0.81 0.81 Total Foreign 3.67 48.94 12.02 49.20 11.73 3.71 Major Exporters 3/ 1.26 20.91 0.66 12.42 9.17 1.24 Argentina 0.55 8.20 0.00 1.95 6.25 0.55 Brazil 0.32 9.00 0.21 7.91 1.30 0.32 European Union 0.35 3.08 0.45 2.51 1.00 0.37 Major Importers 4/ 1.32 20.56 7.29 27.53 0.27 1.37 China 0.65 17.20 1.20 18.25 0.05 0.75 India 0.15 1.69 3.70 5.33 0.02 0.20 North Africa 5/ 0.36 1.13 1.64 2.64 0.21 0.28 2021/22 Proj. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ Jun 4.51 62.25 12.08 61.89 12.82 4.14 Jul 4.52 62.32 12.09 61.99 12.80 4.15 World Less China Jun 3.76 44.33 10.91 42.97 12.67 3.36 Jul 3.77 44.40 10.91 43.07 12.65 3.38 United States Jun 0.82 11.77 0.27 11.52 0.66 0.68 Jul 0.81 11.77 0.27 11.52 0.66 0.68 Total Foreign Jun 3.69 50.48 11.81 50.37 12.16 3.46 Jul 3.71 50.56 11.82 50.47 12.14 3.48 Major Exporters 3/ Jun 1.24 21.31 0.50 12.61 9.29 1.15 Jul 1.24 21.41 0.50 12.71 9.29 1.16 Argentina Jun 0.55 8.40 0.00 2.01 6.40 0.54 Jul 0.55 8.50 0.00 2.11 6.40 0.54 Brazil Jun 0.32 9.18 0.05 7.94 1.30 0.31 Jul 0.32 9.18 0.05 7.94 1.30 0.31 European Union Jun 0.37 3.02 0.45 2.61 0.95 0.29 Jul 0.37 3.02 0.45 2.61 0.95 0.29 Major Importers 4/ Jun 1.42 21.43 7.26 28.31 0.44 1.35 Jul 1.37 21.43 7.26 28.31 0.44 1.30 China Jun 0.75 17.92 1.18 18.92 0.15 0.78 Jul 0.75 17.92 1.18 18.92 0.15 0.78 India Jun 0.20 1.75 3.73 5.45 0.02 0.21 Jul 0.20 1.75 3.73 5.45 0.02 0.21 North Africa 5/ Jun 0.33 1.22 1.58 2.61 0.28 0.24 Jul 0.28 1.22 1.58 2.61 0.28 0.19 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. July 2021 WASDE - 614 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2020 III 7,115 7,048 14,213 11,358 1,454 12,958 27,172 2,311 55.4 IV 7,069 7,515 14,633 11,047 1,451 12,630 27,263 2,371 55.6 Annual 27,174 28,303 55,680 44,583 5,743 50,876 106,556 9,283 223.2 2021 I 6,895 7,291 14,235 10,893 1,390 12,410 26,645 2,306 56.8 II 6,955 6,675 13,679 11,100 1,390 12,625 26,304 2,310 58.2 III* 7,075 6,860 13,986 11,445 1,425 13,010 26,996 2,335 56.7 IV* 6,980 7,325 14,356 11,255 1,450 12,835 27,191 2,395 56.5 Annual Jun Proj. 27,905 28,191 56,298 44,893 5,665 51,090 107,388 9,361 228.5 Jul Proj. 27,905 28,151 56,256 44,693 5,655 50,880 107,136 9,346 228.2 2022 I* 6,810 7,200 14,061 11,025 1,405 12,560 26,621 2,340 57.7 II* 6,700 6,630 13,382 11,300 1,410 12,850 26,232 2,340 59.0 Annual Jun Proj. 27,335 28,545 56,084 45,300 5,700 51,545 107,629 9,470 231.1 Jul Proj. 27,325 28,120 55,649 45,300 5,700 51,545 107,194 9,470 231.6 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2020 III 101.74 40.50 66.7 111.3 89.0 18.97 IV 108.18 50.75 75.7 113.6 107.2 19.80 Annual 108.51 43.18 73.2 106.5 112.2 18.24 2021 I 112.98 55.71 84.0 110.1 127.8 17.33 II 120.75 80.92 104.4 117.7 94.2 18.75 III* 120.00 77.00 97.0 125.0 102.0 18.20 IV* 123.00 64.00 88.0 124.0 118.0 18.90 Annual Jun Proj. 117.0 70.2 92.5 115.5 112.2 18.85 Jul Proj. 119.2 69.4 93.4 119.2 110.5 18.30 2022 I* 127.00 60.00 91.0 118.0 119.0 18.70 II* 122.00 61.00 101.0 117.0 101.0 18.30 Annual Jun Proj. 122 56 93 116 115 18.75 Jul Proj. 122 56 93 118 114 18.50 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8 -16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. July 2021 WASDE - 614 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2020 642 27,244 3,342 31,227 2,951 716 27,561 58.4 2021 Proj. Jun 716 27,975 3,021 31,712 3,342 665 27,705 58.5 Jul 716 27,975 3,021 31,712 3,422 650 27,640 58.4 2022 Proj. Jun 665 27,405 2,990 31,060 3,300 670 27,090 57.0 Jul 650 27,395 2,990 31,035 3,320 650 27,065 56.9 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2020 646 28,318 904 29,869 7,280 467 22,121 52.0 2021 Proj. Jun 467 28,206 982 29,655 7,552 415 21,688 50.8 Jul 467 28,166 982 29,615 7,552 460 21,603 50.6 2022 Proj. Jun 415 28,560 990 29,965 7,550 445 21,970 51.2 Jul 460 28,135 990 29,585 7,550 505 21,530 50.2 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2020 1,330 55,774 4,547 61,651 10,235 1,217 50,199 111.8 2021 Proj. Jun 1,217 56,393 4,257 61,867 10,898 1,113 49,855 110.5 Jul 1,217 56,351 4,269 61,837 10,978 1,143 49,715 110.2 2022 Proj. Jun 1,113 56,179 4,252 61,544 10,856 1,154 49,534 109.4 Jul 1,143 55,744 4,252 61,139 10,876 1,192 49,071 108.3 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2020 937 44,106 145 45,188 7,367 830 36,991 96.2 2021 Proj. Jun 830 44,413 135 45,377 7,399 760 37,218 96.4 Jul 830 44,215 140 45,184 7,449 775 36,960 95.8 2022 Proj. Jun 760 44,815 136 45,711 7,450 795 37,466 96.7 Jul 775 44,815 136 45,726 7,450 795 37,481 96.7 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2020 233 5,743 21 5,997 571 223 5,203 15.8 2021 Proj. Jun 223 5,665 20 5,908 575 230 5,103 15.4 Jul 223 5,655 20 5,898 580 220 5,098 15.4 2022 Proj. Jun 230 5,700 21 5,951 580 225 5,146 15.5 Jul 220 5,700 21 5,941 580 225 5,136 15.4 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2020 1,175 50,398 167 51,740 8,013 1,057 42,670 113.4 2021 Proj. Jun 1,057 50,609 158 51,824 8,034 995 42,795 113.3 Jul 1,057 50,401 163 51,621 8,084 1,000 42,537 112.6 2022 Proj. Jun 995 51,060 160 52,215 8,090 1,025 43,100 113.6 Jul 1,000 51,060 160 52,220 8,086 1,025 43,109 113.6 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2020 2,504 106,172 4,715 113,391 18,248 2,274 92,869 225.3 2021 Proj. Jun 2,274 107,002 4,414 113,690 18,932 2,108 92,650 223.7 Jul 2,274 106,752 4,431 113,457 19,062 2,143 92,253 222.8 2022 Proj. Jun 2,108 107,238 4,412 113,758 18,946 2,179 92,633 223.0 Jul 2,143 106,803 4,412 113,358 18,962 2,217 92,179 222.0 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready- to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. July 2021 WASDE - 614 - 33 U.S. Egg Supply and Use Commodity 2019 2020 2021 Proj. 2021 Proj. 2022 Proj. 2022 Proj. Jun Jul Jun Jul Eggs Million Dozen Supply Beginning Stocks 22.7 31.6 24.5 24.5 22.0 22.0 Production 9,441.8 9,283.4 9,361.0 9,346.0 9,470.0 9,470.0 Imports 14.6 15.5 16.2 16.9 16.0 16.0 Total Supply 9,479.1 9,330.5 9,401.7 9,387.4 9,508.0 9,508.0 Use Exports 333.8 344.0 378.8 380.8 365.0 365.0 Hatching Use 1,081.2 1,078.5 1,113.6 1,103.6 1,140.0 1,140.0 Ending Stocks 31.6 24.5 22.0 22.0 24.0 24.0 Disappearance Total 8,032.5 7,883.5 7,887.3 7,881.0 7,979.0 7,979.0 Per Capita (number) 293.4 286.5 285.5 285.3 287.6 287.6 Tota l U.S. Milk Supply and Use Commodity 2019 2020 2021 Proj. 2021 Proj. 2022 Proj. 2022 Proj. Jun Jul Jun Jul Milk Billion Pounds Production 218.4 223.2 228.5 228.2 231.1 231.6 Farm Use 1.0 1.1 1.1 1.1 1.1 1.1 Fat Basis Supply Beg. Commercial Stocks 13.8 13.6 15.6 15.6 15.1 15.2 Marketings 217.4 222.1 227.4 227.2 230.0 230.5 Imports 6.9 6.8 6.1 6.2 5.9 6.2 Total Cml. Supply 238.1 242.5 249.1 249.0 251.1 252.0 Fat Basis Use Commercial Exports 9.1 9.3 11.1 11.1 10.3 10.3 Ending Commercial Stocks 13.6 15.6 15.1 15.2 15.1 15.2 CCC Donations 0.2 0.3 0.0 0.0 0.0 0.0 Domestic Commercial Use 215.2 217.4 222.9 222.8 225.7 226.4 Skim -solid Basis Supply Beg. Commercial Stocks 10.7 10.2 10.9 10.9 10.6 11.1 Marketings 217.4 222.1 227.4 227.2 230.0 230.5 Imports 5.8 5.6 5.5 5.6 5.4 5.5 Total Cml. Supply 233.9 237.9 243.8 243.6 246.0 247.1 Skim -solid Basis Use Commercial Exports 41.5 47.2 50.2 51.3 50.7 51.3 Ending Commercial Stocks 10.2 10.9 10.6 11.1 10.3 11.1 CCC Donations 0.2 0.1 0.0 0.0 0.0 0.0 Domestic Commercial Use 182.0 179.7 183.0 181.2 185.1 184.7 Tota l CCC Donations include purchases made through the USDA Trade Mitigation program. They do not include products purchased under other programs. Dairy domestic commercial use for 2020 includes additional milk marketed but not processed. Note: Totals may not add due to rounding. July 2021 WASDE - 614 - 34 U.S. Dairy Prices Commodity 2019 2020 2021 Proj. 2021 Proj. 2022 Proj. 2022 Proj. Jun Jul Jun Jul Product Prices 1/ Dollars Per Pound Cheese 1.7586 1.9236 1.705 1.655 1.715 1.680 Butter 2.2431 1.5808 1.715 1.690 1.795 1.750 Nonfat Dry Milk 1.0419 1.0417 1.250 1.210 1.220 1.220 Dry Whey 0.3799 0.3621 0.590 0.570 0.510 0.510 Filler Dollars Per Cwt Milk Prices 2/ Class III 16.96 18.16 17.45 16.80 17.15 16.75 Class IV 16.30 13.49 15.85 15.40 15.95 15.75 All Milk 3/ 18.65 18.24 18.85 18.30 18.75 18.50 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated pla nts for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . July 2021 WASDE - 614 - 35 Reliability of July Projections 1/ Note: Tables on pages 35 -37 present a record of the July projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 2.8 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 4.7 percent. The average difference between the July projection and the final estimate is 13.9 million tons, ranging from 1 million to 34.6 million tons. The July projection has been below the estimate 24 times and above 16 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 2.8 4.7 13.9 1.0 34.6 24 16 U.S. 3.4 5.8 1.5 0.0 6.2 19 21 Foreign 3.0 5.1 13.7 0.3 34.7 25 15 Exports World 5.9 10.1 6.6 0.2 18.7 27 13 U.S. 11.5 19.5 2.7 0.2 10.0 23 17 Foreign 7.3 12.4 6.3 0.1 21.3 28 12 Domestic Use World 2.1 3.5 9.9 1.6 30.0 24 16 U.S. 7.1 12.1 1.8 0.0 5.0 15 25 Foreign 2.0 3.5 9.5 1.3 29.8 26 14 Ending Stocks World 9.6 16.2 12.2 0.1 35.3 28 12 U.S. 18.2 30.8 3.1 0.2 13.9 23 17 Foreign 10.0 17.0 10.5 1.2 31.7 28 12 COARSE GRAINS 2/ Production World 2.9 4.9 22.9 1.3 68.4 21 19 U.S. 9.9 16.8 15.5 0.6 57.9 19 21 Foreign 2.6 4.3 14.6 1.1 53.0 21 19 Exports World 7.7 13.0 7.8 0.6 23.8 28 12 U.S. 26.0 44.1 8.2 0.2 24.4 16 24 Foreign 13.9 23.6 7.4 1.4 19.7 27 13 Domestic Use World 1.8 3.0 14.4 0.0 46.0 22 18 U.S. 4.4 7.5 7.0 0.0 22.2 24 16 Foreign 2.0 3.3 11.9 1.0 40.6 23 17 Ending Stocks World 18.5 31.5 22.8 1.6 171.9 25 15 U.S. 43.6 74.0 13.4 0.5 50.5 17 23 Foreign 16.2 27.5 15.1 0.2 155.2 29 11 RICE, milled Production World 2.3 4.0 6.8 0.4 24.0 25 15 U.S. 5.4 9.2 0.3 0.0 0.8 20 18 Foreign 2.4 4.0 6.8 0.5 24.3 25 15 Exports World 9.1 15.4 1.8 0.0 6.7 28 12 U.S. 10.6 17.9 0.2 0.0 1.0 17 19 Foreign 9.9 16.8 1.7 0.0 6.5 28 12 Domestic Use World 2.0 3.3 4.8 0.2 22.9 25 15 U.S. 8.2 14.0 0.2 0.0 0.5 15 24 Foreign 2.0 3.4 4.8 0.2 22.9 25 15 Ending Stocks World 13.5 22.9 6.7 0.1 26.5 30 10 U.S. 29.1 49.3 0.3 0.0 1.0 24 15 Foreign 14.7 25.0 6.7 0.2 26.0 31 9 1/ Footnotes at end of table. CONTINUED July 2021 WASDE - 614 - 36 Reliability of July Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 5.0 8.5 7.4 0.5 26.9 19 21 U.S. 7.0 11.9 3.7 0.0 11.7 21 19 Foreign 7.3 12.4 6.5 1.0 25.8 21 19 Exports World 7.6 12.9 3.7 0.0 10.7 26 14 U.S. 13.0 22.0 3.0 0.1 9.3 22 18 Foreign 19.3 32.8 2.9 0.0 10.5 24 16 Domestic Use World 3.7 6.4 5.4 0.5 16.1 23 17 U.S. 5.1 8.6 1.6 0.0 4.9 24 16 Foreign 4.1 6.9 4.7 0.1 11.2 23 17 Ending Stocks World 15.2 25.8 4.9 0.0 26.1 22 18 U.S. 62.9 106.7 3.1 0.0 13.4 13 27 Foreign 18.7 31.7 4.2 0.0 21.8 26 14 COTTON Million 480 -Pound Bales Production World 5.6 9.6 3.8 0.0 14.9 23 17 U.S. 10.2 17.3 1.4 0.1 5.3 21 19 Foreign 5.7 9.7 3.0 0.0 12.1 21 18 Exports World 10.4 17.6 2.5 0.1 11.6 23 17 U.S. 26.7 45.3 1.3 0.1 3.6 24 16 Foreign 13.5 22.9 2.0 0.0 9.8 19 21 Domestic Use World 5.3 9.0 3.5 0.0 21.6 19 21 U.S. 10.4 17.6 0.5 0.0 1.4 18 21 Foreign 5.4 9.1 3.5 0.1 21.0 18 22 Ending Stocks World 16.1 27.3 6.2 0.2 20.1 25 15 U.S. 42.8 72.6 1.5 0.1 4.9 17 23 Foreign 15.7 26.7 5.3 0.5 19.5 27 13 1/ Marketing years 1981/82 through 2020/21 for grains, soybeans (U.S. only), and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2019/20, and for 2020/21 the last mo nth’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. July 2021 WASDE - 614 - 37 Reliability of United States July Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 10.8 18.4 565 12 2,190 22 18 Exports 27.1 46.0 292 0 900 16 22 Domestic Use 4.8 8.2 271 0 770 24 15 Ending Stocks 52.1 88.4 486 11 1,840 18 22 SORGHUM Production 17.8 30.2 67 3 213 23 17 Exports 40.5 68.7 48 0 170 20 19 Domestic Use 28.7 48.7 51 3 139 16 24 Ending Stocks 65.1 110.4 45 0 174 14 25 BARLEY Production 7.6 13.0 20 0 87 13 26 Exports 64.6 109.6 14 0 92 24 14 Domestic Use 9.9 16.8 24 0 87 15 24 Ending Stocks 21.7 36.9 25 0 114 16 23 OATS Production 12.6 21.5 19 0 144 6 32 Exports 94.7 160.8 1 0 8 11 12 Domestic Use 6.5 11.0 15 0 67 11 25 Ending Stocks 23.9 40.5 14 0 68 15 24 SOYBEAN MEAL Thousand Short Tons Production 5.1 8.7 1,232 118 4,432 29 11 Exports 14.9 25.3 877 50 2,450 23 17 Domestic Use 5.5 9.4 926 76 4,470 20 20 Ending Stocks 39.2 66.5 48 0 413 11 17 SOYBEAN OIL Million Pounds Production 4.9 8.3 606 55 2,130 29 11 Exports 33.9 57.5 423 0 1,575 22 17 Domestic Use 4.3 7.4 505 0 2,300 23 16 Ending Stocks 38.9 65.9 467 15 1,568 20 20 ANIMAL PROD. Million Pounds Beef 3.8 6.5 734 60 2,677 18 9 Pork 2.9 4.9 438 20 1,372 13 14 Broilers 2.1 3.6 630 175 1,338 11 16 Turkeys 3.8 6.4 160 2 468 10 17 Million Dozen Eggs 1.6 2.7 94 4 266 19 8 Billion Pounds Milk 1.6 2.7 2.3 0.1 7.0 16 11 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2020/21 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2020/21. Calendar years 1994 through 2020 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1994 -2020. WASDE- 614-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Fore ign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. IPA D is lo cated at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ To subscribe to receive WASDE -related notifications by email or text message visit https://public.govdelivery.com/accounts/USDAOC/subscriber/new?topic_id=USDAOC_223 . Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at mirvat. [email protected] World Agricultural Supply and Demand Estimates WASDE -614 – July 12, 2021 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202 - 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250 -9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 619 Approved by the World Agricultural Outlook Board December 9, 2021 WHEAT: The outlook for 2021/22 U.S. wheat this month is for slightly lower supplies, unchanged domestic use, reduced exports, and higher ending stocks. Supplies are lowered, on decreased imports with a weaker -than-expected pace for Hard Red Spring (HRS). Export s are lowered 20 million bushels to 840 million on slowing export sales and shipments with equivalent reductions for Hard Red Winter and HRS. Additionally, U.S. export prices are expected to remain elevated the rest of 2021/22, further diminishing U.S. competitiveness. Projected 2021/22 ending stocks are raised 15 million bushels to 598 million but are still 29 percent lower than last year. The projected season- average farm price (SAFP) is raised $0.15 per bushel to $7.05 on NASS prices reported to date and expectations for cash and futures prices for the remainder of 2021/22. This would be the highest SAFP since 2012/13. The global wheat outlook for 2021/22 is for higher supplies, greater consumption, increased trade, and higher ending stocks. Suppli es are projected rising by 4.3 million tons to 1,067.5 million, primarily on the combination of increased beginning stocks for Australia and the EU and upward production revisions for Australia, Russia, and Canada. Australia’s production is raised 2.5 mil lion tons to a record 34.0 million, based mainly on the latest Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES ) forecast. Russia’s production is increased 1.0 million tons to 75.5 million, all for winter wheat on updated Ministry of Agricult ure data. Canada’s production is raised 0.7 million tons to 21.7 million on the latest Statistics Canada forecast. Despite the increases for Russia and Canada, their respective production levels remain significantly below last year. Projected 2021/22 world consumption is raised 1.9 million tons to 789.4 million on higher feed and residual use more than offsetting lower food, seed, and industrial use. Most of the feed and residual use increases are for Australia and Russia on higher production and for the EU, as more wheat feeding is expected with extended rains affecting grain quality at harvest. Projected 2021/22 global trade is raised 2.3 million tons to a record 205.5 million on higher exports by Australia, EU, India, and Ukraine. T he largest import change is for Iran, up 1.5 million tons to 7.0 million on further reductions in production and heightened import activity. These would the largest Iranian wheat imports on record, surpassing 6.8 million tons in 2008/09. Projected 2021/22 world ending stocks are raised 2.4 million tons to 278.2 million with most of the increases from Australia, Canada, and the United States. Despite upward revisions to global stocks this month, they are still at a 5- year low. COARSE GRAINS: This month’s 2021/22 U.S. corn supply and use outlook is unchanged from last month. The projected season- average farm price remains at $5.45 per bushel. Global coarse grain production for 2021/22 is forecast 2.7 million tons higher to 1,501.7 million. The foreign coarse grain outlook is for greater production, increased trade, and larger ending stocks relative to last month. Foreign corn production is forecast higher as WASDE- 619-2 increases for the EU and Ukraine more than offset a reduction for China. EU corn production is raised reflecting increases for France, Romania, and Poland. Ukraine corn production is higher based on harvest results to date. China corn production is reduced reflecting the latest information published by the National Bureau of Statistic s which indicated higher area that was more than offset by a reduction in yield. Barley production is raised for Australia but lowered for the EU and Iran. Sorghum production is increased for Australia. Corn exports are raised for Ukraine and the EU. Imports are raised for Iran, Egypt, Saudi Arabia, and the United Kingdom, but lowered for Israel. For 2020/21, corn exports for Brazil are raised for the local marketing year beginning March 2021, based on higher -than- expected shipments through the month of November. Sorghum exports for 2021/22 are raised for Australia, with higher imports projected for China. Foreign corn ending stocks are raised, mostly reflecting increases for Ukraine, the EU, Mexico, and Iran that are partly offset by a reduction for China. RICE : The outlook for 2021/22 U.S. rice is for reduced supplies, unchanged domestic use, slightly lower exports, and fractionally lower ending stocks compared with last month. The import forecast is reduced 1.5 million cwt to 33.5 million, based on a slow pace of shipments through October and expectations of continued high freight costs and limited container availability the rest of 2021/22. In addition, the export forecast is reduced by 1.0 million cwt to 89.0 million, all for medium - and shor t-grain rice, based on shipment pace and outstanding sales to- date. U.S. exports are limited by high prices and smaller U.S. supplies. Milled rice exports are reduced 2.0 million cwt to 55.0 million, which would be the lowest milled rice exports since 19 73/74. Ending stocks are forecast fractionally lower to 34.5 million cwt. The season- average farm price forecast for all rice is unchanged this month at $14.80 per cwt, as an increase to the long- grain price forecast offsets a decrease in the medium - and short - grain price. The 2021/22 global outlook is for lower supplies, lower consumption, fractionally larger trade, and slightly reduced ending stocks compared with last month. Supplies are lowered 1.5 million tons to 697.7 million for 2021/22, mostly on smaller crop forecasts for Bangladesh, Thailand, and Peru. The global trade forecast is fractionally larger at 49.7 million tons, primarily due to an increase in exports for Burma. Global 2021/22 ending stocks are reduced 1.1 million tons to 18 6.8 million. OILSEEDS : Total U.S. oilseed production for 2021/22 is forecast at 130.3 million tons, up slightly due to an increase for cottonseed. Soybean supply and use projections for 2021/22 are unchanged from last month. Although soybean crush is u nchanged, soybean oil production is raised on a higher extraction rate. With increased soybean oil supplies, food, feed, and other industrial use of soybean oil is raised, offsetting lower consumption of canola and cottonseed oils. Based on a review of EPA's proposed rule for 2020- 2022 renewable fuel obligation targets, soybean oil used for biofuel for 2021/22 is unchanged at 11 billion pounds. The U.S. season- average soybean and soybean oil price forecasts for 2021/22 are unchanged at $12.10 per bushel and 65.0 cents per pound, respectively. The soybean meal price forecast is increased $5.00 to $330.00 per short ton. The 2021/22 global oilseed supply and demand forecasts include lower production and lower ending stocks compared to last month. Global oilseed production is projected at 627.6 million tons, down 0.4 million from last month mainly driven by lower soybean production WASDE- 619-3 reported by China’s National Bureau of Statistics. China’s soybean production is down 2.6 million tons to 16.4 million on lower area. Largely offsetting China’s reduction is higher sunflower and soybean output for Russia and Ukraine based on harvest results. Rapeseed production is increased for Australia and lowered for Canada based on recent government reports, and India’s production is increased on a faster -than-expected planting pace. Global crush is reduced as lower soybean crush for China more than offsets higher sunflowerseed crush for Russia and Ukraine. Global oilseed trade for 2021/22 is projected at 196.0 million tons, up 0.5 million from last month. Increased rapeseed exports for Australia and increased soybean exports for Canada and Ukraine account for most of the gains. Global oilseed ending stocks are projected at 114.1 million tons, down 1.1 million from last m onth mainly on lower soybean stocks for China. SUGAR: The U.S. sugar supply and use balance for 2020/21 is revised on data revisions made in Sweetener Market Data (SMD). A cane refiner decreased its raw sugar imports for August by 26,295 short tons, raw value (STRV), implying the same sized reduction in ending stocks to 1,701,915. The cane refiner revision, along with a small reduction in total imports (277 STRV) based on U.S. Census trade data, results in a 26,018 STRV increase in Direct Consumption Imports (904,298 STRV) and consequently in deliveries for human consumption (12,135,184 STRV). The ending stocks -to-use ratio is decreased by 0.3 percentage points to 13.8 percent. Louisiana cane sugar production for 2021/22 is decreased by 71,592 STRV to 1,712,238 on the NASS 4.1 percent reduction in sugarcane yield. U.S. beet sugar production is decreased by 19,871 STRV to 5,393,301. Although SMD reports that U.S. beet processors increased their estimate of sugarbeets harvested (yield increase of 3.6 percent only partially offset by a decrease in area harvested of 3.3 percent), total sugarbeets projected for slicing decreased by 135,207 tons to 33,956,053 due to higher f orecast shrink. USDA did not change sucrose recovery, sugar from desugared molasses, or 2022 August -September production in projecting production for the fiscal year. USDA can be expected to revise its projection of sucrose recovery next month when slice data through the end of November becomes available from beet processors. Because the s lice data prior to November (August -October) is insufficient for forecasting full season sucrose recovery , the average of recoveries from the 5 preceding years is used until January. Imports for 2021/22 are increased by 30,812 STRV to 3,075,895. High -tier tariff imports are increased by 50,000 STRV on the basis of actual entries of sugar through the beginning of December and an increase in the projected pace of refined sugar imports. Based on Customs reporting, imports of raw sugar at the high- tier tariff for October 1 through December 3 are 62,493 STRV. Imports of refined sugar for the same period are 15,179 STRV. USDA projects that monthly refined high- tier tariff imports will average about 7,250 STRV December through September. (The average for October -November was 7,590 STRV and the average for January -November was 12,585 STRV.) Imports from Mexico are reduced by 19,188 STRV to 1,064,712 as detailed below in the discussion on the Mexico supply and use. There are no changes from last month for sugar use. Ending stocks for 2021/22 are projected at 1,678,349 STRV for a stocks -to-use ratio of 13.6 percent. WASDE- 619-4 Mexico supply and use for both 2020/21 and 2021/22 are unchanged from last month. Exports to the United States for 2021/22 are projected at 911,218 metric tons (MT), a decrease of 16,422 from last month. Calculated U.S. Needs implied by the December 2021 U.S. Sugar WASDE as set out in the AD/CVD Suspension Agreements is 900,253 MT (1,051,901 STRV). This amount exceeds the Export Limit of 777,723 MT (908,730 STRV) established by the Department of Commerce (DOC) on November 23, 2021. There is an additiona l export amount of 10,965 MT (12,812 STRV) from the 2020/21 export allocation to Mexico that was permitted by DOC to enter the United States after September 30. Because total Mexico exports for 2021/22 are unchanged from last month at 1,777,193 MT, shipments other than to the United States under export license increase by 16,422 MT to 865,976. LIVESTOCK, POULTRY, AND DAIRY : Total red meat and poultry production for 2021 is reduced from last month as lower broiler and turkey production more than offsets higher beef and pork production. The beef production forecast is raised on higher fed cattle slaughter and heavier carcass weights. Pork production is increased on the current pace of hog slaughter. Broiler production is reduced on recent hatchery and sl aughter data while the turkey production forecast is lowered on recent slaughter data. Egg production is forecast lower on recent production data. For 2022, total red meat and poultry production is raised from last month. Beef production is unchanged from the previous month while pork production is raised on heavier carcass weights. Broiler production is raised as higher prices are expected to support expanding production. Turkey production is lowered from last month. Egg production is raised on higher hatching egg production. Beef import forecasts are raised for 2021 and 2022 but no change is made to the export forecasts. The 2021 pork export forecast is reduced from last month largely on weaker import demand from China. Broiler exports are unchanged for 2021, but forecasts are raised for 2022 on stronger expected demand. Turkey exports for both 2021 and 2022 are lowered modestly on recent trade data. The cattle price forecasts for 2021 and 2022 are raised on current price strength and expect ations of continued demand strength into next year. The fourth- quarter hog price is reduced on recent prices, but no change is made to 2022 hog prices. The 2021 and 2022 broiler price forecasts are raised from last month on current prices and expectations that demand will remain firm. The 2021 turkey price is reduced on recent prices, but 2022 prices are raised on tighter expected supplies. The milk production forecasts are projected lower for 2021 and 2022 on lower expected dairy cow numbers and slow er growth in milk per cow. The 2021 fat basis import forecast is raised on higher imports of cheese and butterfat products while the export forecast is lowered on weaker sales of butterfat products. The 2021 skim -solids basis import forecast is unchanged, but the export forecast is raised on stronger global demand for lactose. For 2022, the fat basis and skim solid import forecasts are unchanged. The fat basis export forecast is raised due to stronger shipments of butterfat. The skim -solids basis expor t forecast is raised on larger shipments of lactose and other dairy products. Butter, cheese, and whey price forecasts for 2021 are raised from last month on current prices and strength in demand. The nonfat dry milk (NDM) price forecast for 2021 is WASDE- 619-5 unchanged. The 2021 Class III price forecast is raised on higher cheese and whey prices and the Class IV price forecast is raised on the higher butter price. The 2021 all milk price forecast is raised to $18.60 per cwt. For 2022, cheese, butter, NDM, and whey price forecasts are raised on lower expected milk supplies. Class III and C lass IV price forecasts for 2022 are raised on higher forecast dairy product prices. The all milk price for 2022 is raised to $20.75 per cwt. COTTON : The U.S. cotton 2021/22 supply and demand forecasts are largely unchanged this month, with only a sligh t increase in production. The U.S. production forecast is raised about 0.5 percent as higher yields in other regions offset lower yields for the Southwest. U.S. exports, mill use, and ending stocks are unchanged from their November forecasts. Upland cotton’s projected season- average price is also unchanged from November, at 90 cents per pound, 36 percent above its year -earlier level. Projected 2021/22 world cotton ending stocks are 1.2 million bales lower this month due to lower beginning stocks, lower production, and slightly higher consumption. Historical adjustments to Indian production over 2018- 2020 reflect updated official estimates from India, resulting in a net 500,000- bale decline in 2021/22 beginning stocks there, and accounting for most of a 700,000- bale decline in global beginning stocks. Projected world production in 2021/22 is 200,000 bales lower this month as a 1.0 million bale drop in Pakistan more than offsets gains in Benin, Turkey, Uzbekistan, and Cameroon. World cotton trade is forecast 300,000 bales higher this month as higher expected imports for Pakistan, Vietnam, and smaller market s in Central America and Southeast Asia more than offset a 250,000- bale decline for China. Exports are projected higher for Brazil and the Franc Zone. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Mark Jekanowski , (202) 720- 6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: SETH MEYER SECRETARY OF AGRICULTURE DESIGNATE WASDE- 619-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone, ICEC Chair, WAOB, [email protected] Andrew Sowell , ERS; Rachel Trego, FAS; Pete Riley, FPAC. Rice: Mark Simone, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS; Pete Riley , FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Michael McConnell, ERS; Yoonhee Macke, FAS; Sharon Raszap, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Maria Bukowski, ERS; Bill George, FAS; Gustavo Ferreira, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; James Johnson, FAS; Kent Lanclos, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Vida Abadam, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Jacob Vuillemin, FAS; Georgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Grace Grossen, ERS; Claire Mezoughem, FAS; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Georgi Gabrielyan, FPAC. In 2022 the WASDE report will be released on Jan 12, Feb 9, Mar 9, Apr 8, May 12, Jun 10, Jul 12, Aug 12, Sep 12, Oct 12, Nov 9, and Dec 9. WASDE- 619-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & U se ....................................................................... 30 U.S. Quarterly Animal Product Production .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 December 2021 WASDE - 619 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2019/20 2677.38 3486.39 448.58 2671.93 814.46 2020/21 (Est.) 2715.91 3530.37 479.34 2731.61 798.76 filler filler filler filler filler 2021/22 (Proj.) Nov 2786.00 3582.74 504.21 2789.25 793.48 2021/22 (Proj.) Dec 2790.33 3589.09 509.01 2793.48 795.61 filler filler filler filler filler Wheat 2019/20 762.20 1042.91 194.35 746.93 295.98 2020/21 (Est.) 775.90 1071.89 201.80 782.25 289.64 filler filler filler filler filler 2021/22 (Proj.) Nov 775.28 1063.23 203.16 787.42 275.80 2021/22 (Proj.) Dec 777.89 1067.53 205.47 789.35 278.18 filler filler filler filler filler Coarse Grains 5/ 2019/20 1416.33 1768.00 210.82 1431.29 336.70 2020/21 (Est.) 1432.80 1769.50 227.69 1447.32 322.19 filler filler filler filler filler 2021/22 (Proj.) Nov 1499.01 1820.30 251.39 1490.56 329.74 2021/22 (Proj.) Dec 1501.67 1823.85 253.81 1493.22 330.64 filler filler filler filler filler Rice, milled 2019/20 498.84 675.48 43.41 493.71 181.77 2020/21 (Est.) 507.20 688.98 49.84 502.04 186.93 filler filler filler filler filler 2021/22 (Proj.) Nov 511.72 699.21 49.66 511.27 187.94 2021/22 (Proj.) Dec 510.78 697.71 49.74 510.91 186.80 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2019/20 417.89 516.29 79.82 355.75 80.73 2020/21 (Est.) 429.86 516.87 107.45 350.97 58.45 filler filler filler filler filler 2021/22 (Proj.) Nov 448.89 513.71 98.17 358.01 57.53 2021/22 (Proj.) Dec 448.89 513.76 97.59 358.20 57.97 filler filler filler filler filler Wheat 2019/20 52.58 84.79 26.37 30.44 27.99 2020/21 (Est.) 49.75 80.46 26.99 30.47 23.00 filler filler filler filler filler 2021/22 (Proj.) Nov 44.79 70.92 23.41 31.65 15.87 2021/22 (Proj.) Dec 44.79 70.79 22.86 31.65 16.28 filler filler filler filler filler Coarse Grains 5/ 2019/20 359.43 423.01 50.46 320.73 51.83 2020/21 (Est.) 372.89 427.19 77.48 315.65 34.06 filler filler filler filler filler 2021/22 (Proj.) Nov 397.95 434.13 71.91 321.67 40.56 2021/22 (Proj.) Dec 397.95 434.37 71.91 321.86 40.60 filler filler filler filler filler Rice, milled 2019/20 5.88 8.49 2.99 4.59 0.91 2020/21 (Est.) 7.23 9.22 2.98 4.85 1.39 filler filler filler filler filler 2021/22 (Proj.) Nov 6.15 8.65 2.86 4.68 1.11 2021/22 (Proj.) Dec 6.15 8.60 2.83 4.68 1.10 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). December 2021 WASDE - 619 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2019/20 2,259.48 2,970.10 368.76 2,316.18 733.73 2020/21 (Est.) 2,286.05 3,013.50 371.89 2,380.64 740.31 filler filler filler filler filler 2021/22 (Proj.) Nov 2,337.11 3,069.03 406.05 2,431.25 735.95 2021/22 (Proj.) Dec 2,341.44 3,075.33 411.42 2,435.28 737.64 filler filler filler filler filler Wheat 2019/20 709.62 958.12 167.98 716.49 268.00 2020/21 (Est.) 726.15 991.42 174.82 751.77 266.64 filler filler filler filler filler 2021/22 (Proj.) Nov 730.49 992.30 179.76 755.77 259.94 2021/22 (Proj.) Dec 733.10 996.74 182.61 757.70 261.91 filler filler filler filler filler Coarse Grains 5/ 2019/20 1,056.90 1,344.98 160.37 1,110.57 284.87 2020/21 (Est.) 1,059.92 1,342.31 150.21 1,131.67 288.12 filler filler filler filler filler 2021/22 (Proj.) Nov 1,101.06 1,386.17 179.48 1,168.89 289.18 2021/22 (Proj.) Dec 1,103.72 1,389.48 181.90 1,171.36 290.03 filler filler filler filler filler Rice, milled 2019/20 492.96 666.99 40.41 489.12 180.86 2020/21 (Est.) 499.98 679.76 46.86 497.19 185.55 filler filler filler filler filler 2021/22 (Proj.) Nov 505.57 690.55 46.80 506.58 186.83 2021/22 (Proj.) Dec 504.62 689.11 46.91 506.23 185.70 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2019/20 120.99 200.68 41.17 103.07 97.28 2020/21 (Est.) 111.70 208.99 48.46 120.92 88.58 filler filler filler filler filler 2021/22 (Proj.) Nov 121.79 211.07 46.61 124.10 86.93 2021/22 (Proj.) Dec 121.57 210.14 46.95 124.27 85.73 filler filler filler filler filler United States 2019/20 19.91 24.77 15.51 2.15 7.25 2020/21 (Est.) 14.61 21.86 16.37 2.40 3.15 filler filler filler filler filler 2021/22 (Proj.) Nov 18.20 21.35 15.50 2.50 3.40 2021/22 (Proj.) Dec 18.28 21.44 15.50 2.50 3.40 filler filler filler filler filler Foreign 4/ 2019/20 101.07 175.92 25.66 100.92 90.03 2020/21 (Est.) 97.10 187.13 32.08 118.52 85.43 filler filler filler filler filler 2021/22 (Proj.) Nov 103.59 189.72 31.11 121.60 83.53 2021/22 (Proj.) Dec 103.28 188.70 31.45 121.77 82.33 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. December 2021 WASDE - 619 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2019/20 580.75 714.64 190.77 508.37 112.56 2020/21 (Est.) 603.57 716.13 190.87 508.88 113.67 filler filler filler filler filler 2021/22 (Proj.) Nov 628.03 741.75 195.47 527.20 115.19 2021/22 (Proj.) Dec 627.58 741.25 196.00 527.15 114.13 filler filler filler filler filler Oilmeals 2019/20 346.70 365.97 95.32 341.44 19.00 2020/21 (Est.) 348.95 367.95 96.45 346.34 16.22 filler filler filler filler filler 2021/22 (Proj.) Nov 361.31 377.90 99.02 355.20 16.98 2021/22 (Proj.) Dec 361.28 377.49 99.29 354.58 17.07 filler filler filler filler filler Vegetable Oils 2019/20 207.28 233.09 86.79 202.21 26.76 2020/21 (Est.) 206.45 233.20 84.05 205.74 24.79 filler filler filler filler filler 2021/22 (Proj.) Nov 214.80 239.82 90.83 211.79 24.01 2021/22 (Proj.) Dec 214.97 239.77 91.15 211.15 23.98 filler filler filler filler filler United States Output Total Supply Trade Total Use 2 / Ending Stocks Oilseeds 2019/20 106.98 134.74 46.97 63.04 15.96 2020/21 (Est.) 124.56 141.73 62.77 62.70 8.58 filler filler filler filler filler 2021/22 (Proj.) Nov 130.24 139.89 56.87 63.61 10.66 2021/22 (Proj.) Dec 130.26 139.91 56.82 63.51 10.75 filler filler filler filler filler Oilmeals 2019/20 48.76 53.31 12.83 40.09 0.39 2020/21 (Est.) 48.27 53.04 12.72 39.94 0.39 filler filler filler filler filler 2021/22 (Proj.) Nov 49.24 53.18 13.13 39.61 0.44 2021/22 (Proj.) Dec 49.20 53.14 13.13 39.57 0.44 filler filler filler filler filler Vegetable Oils 2019/20 12.64 18.71 1.50 16.00 1.21 2020/21 (Est.) 12.72 18.87 1.04 16.54 1.29 filler filler filler filler filler 2021/22 (Proj.) Nov 12.85 19.22 0.76 17.25 1.22 2021/22 (Proj.) Dec 12.90 19.26 0.76 17.29 1.21 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2019/20 473.77 579.90 143.81 445.34 96.60 2020/21 (Est.) 479.01 574.40 128.10 446.17 105.08 filler filler filler filler filler 2021/22 (Proj.) Nov 497.80 601.86 138.60 463.60 104.53 2021/22 (Proj.) Dec 497.32 601.34 139.18 463.64 103.39 filler filler filler filler filler Oilmeals 2019/20 297.93 312.66 82.49 301.34 18.61 2020/21 (Est.) 300.68 314.90 83.73 306.40 15.82 filler filler filler filler filler 2021/22 (Proj.) Nov 312.07 324.72 85.89 315.59 16.54 2021/22 (Proj.) Dec 312.08 324.35 86.16 315.01 16.63 filler filler filler filler filler Vegetable Oils 2019/20 194.65 214.38 85.29 186.22 25.55 2020/21 (Est.) 193.73 214.33 83.02 189.20 23.50 filler filler filler filler filler 2021/22 (Proj.) Nov 201.95 220.60 90.07 194.55 22.79 2021/22 (Proj.) Dec 202.07 220.50 90.39 193.86 22.77 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. December 2021 WASDE - 619 - 11 U.S. Wheat Supply and Use 1/ 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Nov Dec Million Acres Area Planted 45.5 44.5 46.7 46.7 Area Harvested 37.4 36.8 37.2 37.2 Bushels Yield per Harvested Acre 51.7 49.7 44.3 44.3 Million Bushels Beginning Stocks 1,080 1,028 845 845 Production 1,932 1,828 1,646 1,646 Imports 104 100 115 110 Supply, Total 3,116 2,957 2,606 2,601 Food 962 961 962 962 Seed 60 64 66 66 Feed and Residual 97 95 135 135 Domestic, Total 1,118 1,120 1,163 1,163 Exports 969 992 860 840 Use, Total 2,087 2,111 2,023 2,003 Ending Stocks 1,028 845 583 598 Avg. Farm Price ($/bu) 2/ 4.58 5.05 6.90 7.05 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2020/21 (Est.) Beginning Stocks 506 280 105 95 42 1,028 Production 659 531 266 303 69 1,828 Supply, Total 3/ 1,169 858 376 404 148 2,957 Domestic Use 402 339 222 64 93 1,120 Exports 340 284 69 270 28 992 Use, Total 742 623 291 334 121 2,111 Ending Stocks, Total 428 235 85 70 27 845 2021/22 (Proj.) Beginning Stocks 428 235 85 70 27 845 Production 749 297 361 201 37 1,646 Supply, Total 3/ 1,182 582 451 276 110 2,601 Domestic Use 523 245 238 80 78 1,163 Exports 350 205 120 150 15 840 Use, Total 873 450 358 230 93 2,003 Ending Stocks, Total Dec 309 132 93 46 17 598 Ending Stocks, Total Nov 299 127 93 46 17 583 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. December 2021 WASDE - 619 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Nov Dec Million Acres Area Planted 100.6 102.3 105.9 105.9 Area Harvested 89.1 90.6 94.2 94.2 Metric Tons Yield per Harvested Acre 4.03 4.11 4.22 4.22 Million Metric Tons Beginning Stocks 60.5 51.8 34.0 34.0 Production 359.2 372.6 397.7 397.7 Imports 2.8 2.2 2.0 2.1 Supply, Total 422.4 426.6 433.7 433.8 Feed and Residual 154.3 146.3 147.7 147.8 Food, Seed & Industrial 165.9 168.8 173.6 173.6 Domestic, Total 320.2 315.1 321.3 321.4 Exports 50.4 77.5 71.9 71.9 Use, Total 370.6 392.6 393.2 393.3 Ending Stocks 51.8 34.0 40.5 40.6 CORN 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. November December Million Acres Area Planted 89.7 90.7 93.3 93.3 Area Harvested 81.3 82.3 85.1 85.1 Bushels Yield per Harvested Acre 167.5 171.4 177.0 177.0 Million Bushels Beginning Stocks 2,221 1,919 1,236 1,236 Production 13,620 14,111 15,062 15,062 Imports 42 24 25 25 Supply, Total 15,883 16,055 16,323 16,323 Feed and Residual 5,900 5,601 5,650 5,650 Food, Seed & Industrial 2/ 6,286 6,465 6,680 6,680 Ethanol & by -products 3/ 4,857 5,028 5,250 5,250 Domestic, Total 12,186 12,066 12,330 12,330 Exports 1,777 2,753 2,500 2,500 Use, Total 13,963 14,819 14,830 14,830 Ending Stocks 1,919 1,236 1,493 1,493 Avg. Farm Price ($/bu) 4/ 3.56 4.53 5.45 5.45 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed -grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by- products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. December 2021 WASDE - 619 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Nov Dec Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 5.3 5.9 7.3 7.3 Area Harvested (mil. acres) 4.7 5.1 6.5 6.5 Yield (bushels/acre) 73.0 73.2 72.3 72.3 Beginning Stocks 64 30 20 20 Production 341 373 471 471 Imports 0 0 0 0 Supply, Total 405 403 492 492 Feed and Residual 97 89 125 125 Food, Seed & Industrial 75 10 10 10 Total Domestic 172 99 135 135 Exports 203 284 320 320 Use, Total 375 383 455 455 Ending Stocks 30 20 37 37 Avg. Farm Price ($/bu) 2/ 3.34 5.04 5.45 5.45 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. November December Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.8 2.7 2.7 2.7 Area Harvested (mil. acres) 2.2 2.2 1.9 1.9 Yield (bushels/acre) 77.7 77.2 60.4 60.4 Beginning Stocks 87 80 71 71 Production 172 171 118 118 Imports 7 7 7 7 Supply, Total 266 258 196 196 Feed and Residual 38 26 10 10 Food, Seed & Industrial 142 147 115 115 Total Domestic 180 172 125 125 Exports 6 14 11 11 Use, Total 186 186 136 136 Ending Stocks 80 71 60 60 Avg. Farm Price ($/bu) 2/ 4.69 4.75 5.15 5.15 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. November December Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.8 3.0 2.6 2.6 Area Harvested (mil. acres) 0.8 1.0 0.7 0.7 Yield (bushels/acre) 64.3 65.1 61.3 61.3 Beginning Stocks 38 37 38 38 Production 53 66 40 40 Imports 92 85 69 77 Supply, Total 183 188 147 155 Feed and Residual 63 68 40 45 Food, Seed & Industrial 82 78 80 80 Total Domestic 144 147 120 125 Exports 2 3 2 2 Use, Total 146 150 122 127 Ending Stocks 37 38 25 28 Avg. Farm Price ($/bu) 2/ 2.82 2.77 3.65 3.70 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. December 2021 WASDE - 619 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Nov Dec Million Acres Area Planted 2.55 3.04 2.54 2.54 Area Harvested 2.48 2.99 2.50 2.50 Fil ler Pounds Yield per Harvested Acre 7,473 7,619 7,756 7,756 Million Hundredweight Beginning Stocks 2/ 44.9 28.7 43.7 43.7 Production 185.1 227.6 193.8 193.8 Imports 37.3 34.1 35.0 33.5 Supply, Total 267.3 290.3 272.5 271.0 Domestic & Residual 3/ 144.4 152.7 147.5 147.5 Exports, Total 4/ 94.2 93.9 90.0 89.0 Rough 31.3 34.6 33.0 34.0 Milled (rough equiv.) 62.9 59.3 57.0 55.0 Use, Total 238.6 246.6 237.5 236.5 Ending Stocks 28.7 43.7 35.0 34.5 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 13.60 14.00 14.80 14.80 Total LONG -GRAIN RICE 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. November December Harvested Acres (mil.) 1.73 2.30 Yield (pounds/acre) 7,261 7,422 Beginning Stocks 32.6 16.9 29.7 29.7 Imports 29.8 27.4 27.0 26.0 Production 125.6 170.9 146.7 146.7 Supply, Total 7/ 188.0 215.1 203.5 202.5 Domestic & Residual 3/ 106.3 120.3 115.0 115.0 Exports 8/ 64.8 65.1 64.0 64.0 Use, Total 171.1 185.4 179.0 179.0 Ending Stocks 16.9 29.7 24.5 23.5 Avg. Farm Price ($/cwt) 6/ 12.00 12.60 13.00 13.10 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. November December Harvested Acres (mil.) 0.75 0.69 Yield (pounds/acre) 7,964 8,282 Beginning Stocks 10.2 10.7 11.5 11.5 Imports 7.6 6.7 8.0 7.5 Production 59.5 56.7 47.1 47.1 Supply, Total 7/ 78.3 72.7 66.5 66.0 Domestic & Residual 3/ 38.2 32.4 32.5 32.5 Exports 8/ 29.4 28.8 26.0 25.0 Use, Total 67.6 61.2 58.5 57.5 Ending Stocks 10.7 11.5 8.0 8.5 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 18.20 18.80 20.10 20.00 California 10/ 21.60 20.90 23.00 23.00 Other States 1/ 11.60 13.10 14.00 13.70 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2017/18 -1.4; 2018/19-2.1; 2019/20 -1.0. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farm ers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The California medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. 10/ Marketing year beginning October 1. December 2021 WASDE - 619 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Nov Dec Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 76.1 83.4 87.2 87.2 Area Harvested 74.9 82.6 86.4 86.4 Fil ler Bushels Yield per Harvested Acre 47.4 51.0 51.2 51.2 Million Bushels Beginning Stocks 909 525 256 256 Production 3,552 4,216 4,425 4,425 Imports 15 20 15 15 Supply, Total 4,476 4,761 4,696 4,696 Crushings 2,165 2,141 2,190 2,190 Exports 1,679 2,265 2,050 2,050 Seed 97 101 102 102 Residual 11 -3 15 15 Use, Total 3,952 4,505 4,356 4,356 Ending Stocks 525 256 340 340 Avg. Farm Price ($/bu) 2/ 8.57 10.80 12.10 12.10 Total SOYBEAN OIL 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. November December Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,775 1,853 2,177 2,131 Production 4/ 24,911 25,023 25,535 25,735 Imports 320 302 450 450 Supply, Total 27,006 27,177 28,162 28,316 Domestic Disappearance 22,317 23,323 25,000 25,150 Biofuel 3/ 8,658 8,850 11,000 11,000 Food, Feed & other Industrial 13,659 14,473 14,000 14,150 Exports 2,837 1,723 1,250 1,250 Use, Total 25,154 25,046 26,250 26,400 Ending stocks 1,853 2,131 1,912 1,916 Avg. Price (c/lb) 2/ 29.65 56.87 65.00 65.00 Total SOYBEAN MEAL 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. November December Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 402 341 341 341 Production 4/ 51,100 50,565 51,709 51,709 Imports 639 783 450 450 Supply, Total 52,142 51,689 52,500 52,500 Domestic Disappearance 37,967 37,580 37,900 37,900 Exports 13,834 13,768 14,200 14,200 Use, Total 51,801 51,348 52,100 52,100 Ending Stocks 341 341 400 400 Avg. Price ($/s.t.) 2/ 299.50 392.31 325.00 330.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects soybean oil used for biofuels as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,134 million bushels for 2020/21 and 2,190 million bushels for 2021/22. December 2021 WASDE - 619 - 16 U.S. Sugar Supply and Use 1/ 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Nov Dec Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,783 1,618 1,728 1,702 Production 2/ 8,149 9,230 9,332 9,241 Beet Sugar 4,351 5,092 5,413 5,393 Cane Sugar 3,798 4,139 3,919 3,847 Florida 2,106 2,089 2,005 2,005 Louisiana 1,566 1,916 1,784 1,712 Texas 126 134 130 130 Imports 4,165 3,195 3,045 3,076 TRQ 3/ 2,152 1,749 1,611 1,611 Other Program 4/ 432 292 250 250 Other 5/ 1,581 1,154 1,184 1,215 Mexico 1,376 967 1,084 1,065 Total Supply 14,097 14,043 14,105 14,018 Exports 61 49 35 35 Deliveries 12,344 12,252 12,305 12,305 Food 12,246 12,135 12,200 12,200 Other 6/ 98 116 105 105 Miscellaneous 74 40 0 0 Total Use 12,479 12,341 12,340 12,340 Ending Stocks 1,618 1,702 1,765 1,678 Stocks to Use Ratio 13.0 13.8 14.3 13.6 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2020/21 and 2021/22 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2020/21, WTO raw sugar TRQ shortfall (55) and for 2021/22 (251). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Imports from Mexico; and high- tier tariff sugar and syrups not othe rwise specified -- for 2019/20 (206), 2020/21 (187), and 2021/22 (150). 6/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE -reported deliveries: 2019/20 -- 298; estimated 2020/21 -- 298; projected 2021/22 -- 358. Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2020/21 Est. Nov 858 5,715 65 4,420 1,165 1,053 2020/21 Est. Dec 858 5,715 65 4,420 1,165 1,053 2021/22 Proj. Nov 1,053 5,979 63 4,401 1,777 917 2021/22 Proj. Dec 1,053 5,979 63 4,401 1,777 917 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2019/20 = 1,388; Estimated 2020/21 = 1,320; Projected 2021/22 = 1,310; Estimated Oct 2021 = 103, Oct 2020 = 117. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2020/2 1 (485 est =451 dom.+33 import); 2021/22 (486 proj = 451 dom.+35 import). Statistical Adjustments: 2020/21 (0), 2021/22 (0). December 2021 WASDE - 619 - 17 U.S. Cotton Supply and Use 1/ 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Nov Dec Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 13.74 12.09 11.19 11.19 Harvested 11.50 8.27 9.92 9.92 Fil ler Pounds Yield per Harvested Acre 831 847 880 885 Million 480 Pound Bales Beginning Stocks 4.85 7.25 3.15 3.15 Production 19.91 14.61 18.20 18.28 Imports 0.00 0.00 0.01 0.01 Supply, Total 24.77 21.86 21.35 21.44 Domestic Use 2.15 2.40 2.50 2.50 Exports, Total 15.51 16.37 15.50 15.50 Use, Total 17.66 18.77 18.00 18.00 Unaccounted 2/ -0.15 -0.06 -0.05 0.04 Ending Stocks 7.25 3.15 3.40 3.40 Avg. Farm Price 3/ 59.6 66.3 90.0 90.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. December 2021 WASDE - 619 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 280.71 762.20 188.17 139.20 746.93 194.35 295.98 World Less China 142.62 628.60 182.79 120.20 620.93 193.31 145.97 United States 29.39 52.58 2.83 2.63 30.44 26.37 27.99 Total Foreign 251.33 709.62 185.34 136.57 716.49 167.98 268.00 Major Exporters 4/ 37.35 308.51 7.55 73.38 179.16 141.84 32.41 Argentina 1.74 19.78 0.01 0.05 6.35 12.79 2.39 Australia 4.44 14.48 0.89 4.50 8.00 9.14 2.68 Canada 6.04 32.67 0.68 4.13 9.26 24.63 5.50 European Union 5/ 15.80 138.80 5.55 45.50 107.25 39.79 13.11 Russia 7.78 73.61 0.33 17.00 40.00 34.49 7.23 Ukraine 1.56 29.17 0.09 2.20 8.30 21.02 1.50 Major Importers 6/ 178.71 201.29 122.78 37.09 297.91 13.21 191.67 Bangladesh 1.26 1.20 6.80 0.30 7.50 0.00 1.76 Brazil 1.06 5.20 7.03 0.50 12.10 0.43 0.76 China 138.09 133.60 5.38 19.00 126.00 1.05 150.02 Japan 1.08 1.10 5.68 0.65 6.37 0.29 1.21 N. Africa 7/ 15.54 18.40 27.74 1.85 46.25 1.07 14.36 Nigeria 0.20 0.06 5.34 0.05 4.90 0.40 0.30 Sel. Mideast 8/ 10.76 20.95 18.49 3.60 38.47 0.78 10.94 Southeast Asia 9/ 5.95 0.00 26.46 7.94 25.37 1.13 5.91 Selected Other India 16.99 103.60 0.02 6.00 95.40 0.51 24.70 Kazakhstan 1.71 11.45 0.58 1.30 6.10 6.99 0.66 United Kingdom 1.91 15.60 1.75 7.70 15.20 1.62 2.44 2020/21 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 295.98 775.90 194.18 157.70 782.25 201.80 289.64 World Less China 145.97 641.65 183.56 117.70 632.25 201.04 145.52 United States 27.99 49.75 2.73 2.59 30.47 26.99 23.00 Total Foreign 268.00 726.15 191.45 155.11 751.77 174.82 266.64 Major Exporters 4/ 32.41 323.83 6.66 72.83 179.43 146.74 36.72 Argentina 2.39 17.65 0.01 0.05 6.35 11.40 2.29 Australia 2.68 33.30 0.20 4.50 8.00 23.85 4.33 Canada 5.50 35.18 0.55 4.18 9.13 26.41 5.69 European Union 5/ 13.11 126.93 5.38 42.50 104.75 29.74 10.93 Russia 7.23 85.35 0.40 19.00 42.50 38.50 11.98 Ukraine 1.50 25.42 0.13 2.60 8.70 16.85 1.51 Major Importers 6/ 191.67 201.00 124.86 57.38 323.92 12.62 180.99 Bangladesh 1.76 1.18 7.20 0.50 8.00 0.00 2.14 Brazil 0.76 6.25 6.40 0.40 12.05 0.93 0.43 China 150.02 134.25 10.62 40.00 150.00 0.76 144.12 Japan 1.21 1.00 5.49 0.65 6.35 0.30 1.05 N. Africa 7/ 14.36 16.60 28.50 1.75 46.82 0.80 11.84 Nigeria 0.30 0.06 6.59 0.05 5.55 0.60 0.79 Sel. Mideast 8/ 10.94 20.43 17.74 3.54 38.95 0.62 9.54 Southeast Asia 9/ 5.91 0.00 25.64 7.09 24.85 1.14 5.56 Selected Other India 24.70 107.86 0.02 6.50 102.22 2.56 27.80 Kazakhstan 0.66 14.26 0.80 1.45 6.25 8.19 1.28 United Kingdom 2.44 9.66 3.22 5.96 13.46 0.45 1.42 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2021 WASDE - 619 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Nov 287.95 775.28 201.05 158.56 787.42 203.16 275.80 Dec 289.64 777.89 202.96 160.60 789.35 205.47 278.18 World Less China Nov 143.83 638.38 191.05 122.56 638.42 202.16 134.78 Dec 145.52 640.94 193.46 124.60 640.85 204.57 137.01 United States Nov 23.00 44.79 3.13 3.67 31.65 23.41 15.87 Dec 23.00 44.79 2.99 3.67 31.65 22.86 16.28 Total Foreign Nov 264.95 730.49 197.92 154.89 755.77 179.76 259.94 Dec 266.64 733.10 199.97 156.93 757.70 182.61 261.91 Major Exporters 4/ Nov 35.08 318.40 6.80 73.45 180.05 148.50 31.73 Dec 36.72 322.85 6.70 75.00 181.50 151.20 33.58 Argentina Nov 2.49 20.00 0.00 0.05 6.45 13.50 2.54 Dec 2.29 20.00 0.00 0.05 6.45 13.50 2.34 Australia Nov 3.38 31.50 0.20 4.50 8.00 23.50 3.58 Dec 4.33 34.00 0.20 5.00 8.50 25.50 4.53 Canada Nov 5.69 21.00 0.70 2.80 7.90 15.00 4.49 Dec 5.69 21.65 0.70 2.80 7.90 15.00 5.14 European Union 5/ Nov 10.04 138.40 5.30 45.00 107.50 36.50 9.74 Dec 10.93 138.70 5.20 45.75 107.90 37.00 9.93 Russia Nov 11.98 74.50 0.50 18.00 41.00 36.00 9.98 Dec 11.98 75.50 0.50 18.50 41.75 36.00 10.23 Ukraine Nov 1.51 33.00 0.10 3.10 9.20 24.00 1.41 Dec 1.51 33.00 0.10 2.90 9.00 24.20 1.41 Major Importers 6/ Nov 180.99 207.17 132.00 55.04 327.39 13.52 179.25 Dec 180.99 205.72 134.00 55.74 327.89 13.42 179.40 Bangladesh Nov 2.14 1.13 7.40 0.60 8.45 0.00 2.22 Dec 2.14 1.13 7.40 0.60 8.45 0.00 2.22 Brazil Nov 0.43 7.90 6.50 0.80 12.60 1.30 0.93 Dec 0.43 7.90 6.50 0.80 12.60 1.30 0.93 China Nov 144.12 136.90 10.00 36.00 149.00 1.00 141.02 Dec 144.12 136.95 9.50 36.00 148.50 0.90 141.17 Japan Nov 1.05 1.10 5.60 0.63 6.30 0.30 1.15 Dec 1.05 1.10 5.60 0.63 6.30 0.30 1.15 N. Africa 7/ Nov 11.84 21.59 28.30 1.95 47.80 1.01 12.92 Dec 11.84 21.59 28.30 1.95 47.80 1.01 12.92 Nigeria Nov 0.79 0.09 6.00 0.05 5.75 0.60 0.53 Dec 0.79 0.09 6.20 0.05 5.85 0.60 0.63 Sel. Mideast 8/ Nov 9.54 18.99 22.55 4.07 40.10 0.71 10.27 Dec 9.54 17.49 23.95 4.07 40.10 0.71 10.17 Southeast Asia 9/ Nov 5.56 0.00 25.45 6.80 24.75 1.16 5.10 Dec 5.56 0.00 26.05 7.20 25.35 1.16 5.10 Selected Other India Nov 27.80 109.52 0.03 7.00 104.50 5.00 27.85 Dec 27.80 109.52 0.03 7.00 104.25 5.25 27.85 Kazakhstan Nov 1.28 12.00 0.80 1.25 6.05 7.20 0.83 Dec 1.28 12.00 0.80 1.25 6.05 7.20 0.83 United Kingdom Nov 1.42 14.30 2.00 7.50 15.30 0.70 1.72 Dec 1.42 14.30 2.00 7.35 15.30 0.70 1.72 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2021 WASDE - 619 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 351.66 1,416.33 205.07 882.86 1,431.29 210.82 336.70 World Less China 141.27 1,148.15 187.59 682.04 1,136.22 210.78 135.76 United States 60.47 359.43 3.11 154.53 320.73 50.45 51.83 Total Foreign 291.19 1,056.90 201.96 728.34 1,110.57 160.37 284.87 Major Exporters 4/ 19.62 307.96 4.58 134.43 179.34 128.59 24.23 Argentina 3.62 58.13 0.02 12.12 17.78 39.31 4.68 Australia 2.43 12.00 0.01 5.71 7.67 3.87 2.89 Brazil 5.67 105.82 2.31 61.71 72.84 35.23 5.72 Canada 3.29 28.61 1.92 17.23 24.93 4.91 3.98 Russia 1.22 40.50 0.18 22.29 31.39 8.63 1.87 Ukraine 2.04 46.55 0.03 8.89 11.89 34.08 2.65 Major Importers 5/ 37.34 248.15 142.37 293.04 375.18 15.98 36.70 European Union 6/ 14.51 152.66 19.42 119.75 158.79 13.65 14.15 Japan 1.75 0.23 17.63 13.91 17.87 0.00 1.74 Mexico 5.78 32.10 17.60 30.83 50.31 1.03 4.14 N. Afr & Mideast 7/ 7.39 33.22 41.65 64.98 73.45 0.69 8.12 Saudi Arabia 1.70 0.20 11.22 11.05 11.40 0.00 1.72 Southeast Asia 8/ 3.38 29.40 18.20 38.50 46.55 0.61 3.82 South Korea 1.86 0.28 11.98 9.55 12.09 0.00 2.02 Selected Other China 210.40 268.18 17.48 200.82 295.07 0.04 200.94 2020/21 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 336.70 1,432.80 234.55 903.71 1,447.32 227.69 322.19 World Less China 135.76 1,164.78 184.01 682.86 1,135.02 227.69 115.00 United States 51.83 372.89 2.48 146.47 315.65 77.48 34.06 Total Foreign 284.87 1,059.92 232.07 757.24 1,131.67 150.21 288.12 Major Exporters 4/ 24.23 295.01 6.13 136.08 182.77 121.04 21.56 Argentina 4.68 58.97 0.02 11.73 17.46 43.40 2.80 Australia 2.89 16.70 0.00 5.18 7.14 10.11 2.33 Brazil 5.72 90.96 4.00 64.52 76.46 18.51 5.72 Canada 3.98 29.64 1.90 16.74 24.69 7.22 3.61 Russia 1.87 41.40 0.09 21.47 31.04 10.44 1.87 Ukraine 2.65 39.59 0.07 9.16 12.32 28.15 1.85 Major Importers 5/ 36.70 252.32 136.64 294.00 376.41 13.18 36.08 European Union 6/ 14.15 155.07 15.87 120.15 159.58 11.42 14.09 Japan 1.74 0.23 16.98 13.32 17.20 0.00 1.75 Mexico 4.14 32.66 17.15 30.34 49.84 0.51 3.60 N. Afr & Mideast 7/ 8.12 33.42 37.69 62.95 71.16 0.67 7.40 Saudi Arabia 1.72 0.19 10.03 10.25 10.61 0.00 1.33 Southeast Asia 8/ 3.82 30.45 22.54 42.82 51.10 0.57 5.14 South Korea 2.02 0.22 11.81 9.55 12.05 0.00 2.01 Selected Other China 200.94 268.02 50.53 220.85 312.30 0.01 207.19 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, an d Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indone sia, Malaysia, Philippines, Thailand, and Vietnam. December 2021 WASDE - 619 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Nov 321.30 1,499.01 231.36 918.93 1,490.56 251.39 329.74 Dec 322.19 1,501.67 234.48 921.50 1,493.22 253.81 330.64 World Less China Nov 114.11 1,218.61 184.96 686.13 1,167.96 251.34 118.40 Dec 115.00 1,221.72 187.78 688.40 1,170.32 253.76 119.75 United States Nov 34.06 397.95 2.12 147.71 321.67 71.91 40.56 Dec 34.06 397.95 2.36 147.90 321.86 71.91 40.60 Total Foreign Nov 287.23 1,101.06 229.24 771.22 1,168.89 179.48 289.18 Dec 288.12 1,103.72 232.12 773.60 1,171.36 181.90 290.03 Major Exporters 4/ Nov 21.50 331.14 5.48 137.46 183.26 151.09 23.78 Dec 21.56 334.65 5.49 138.52 184.24 153.01 24.44 Argentina Nov 2.69 63.88 0.01 12.45 18.12 44.81 3.64 Dec 2.80 63.88 0.01 12.45 18.12 44.80 3.76 Australia Nov 2.27 15.70 0.00 5.26 7.32 9.38 1.27 Dec 2.33 16.95 0.00 5.70 7.77 10.18 1.34 Brazil Nov 5.72 122.02 2.20 65.59 77.53 43.03 9.39 Dec 5.72 122.02 2.20 65.59 77.53 43.03 9.39 Canada Nov 3.62 23.95 3.11 17.04 24.33 3.85 2.50 Dec 3.61 24.21 3.11 17.25 24.50 3.95 2.49 Russia Nov 1.88 38.40 0.10 21.00 29.95 9.18 1.25 Dec 1.87 38.40 0.10 21.00 29.95 9.18 1.25 Ukraine Nov 1.96 49.59 0.03 8.72 11.96 37.65 1.97 Dec 1.85 51.59 0.03 9.12 12.33 38.68 2.46 Major Importers 5/ Nov 35.39 249.46 137.61 293.86 376.35 13.71 32.41 Dec 36.08 248.96 139.57 294.49 377.65 14.11 32.85 European Union 6/ Nov 13.40 155.30 16.41 120.03 159.00 12.05 14.06 Dec 14.09 155.20 16.44 119.38 159.00 12.56 14.17 Japan Nov 1.75 0.25 17.24 13.83 17.77 0.00 1.46 Dec 1.75 0.25 17.24 13.83 17.77 0.00 1.46 Mexico Nov 3.49 33.75 17.55 30.86 50.34 0.70 3.75 Dec 3.60 33.75 17.60 30.89 50.39 0.60 3.96 N. Afr & Mideast 7/ Nov 7.43 30.05 40.76 62.77 71.44 0.42 6.38 Dec 7.40 29.65 42.34 63.82 72.49 0.42 6.49 Saudi Arabia Nov 1.33 0.20 10.01 9.86 10.21 0.00 1.33 Dec 1.33 0.20 10.31 10.06 10.41 0.00 1.43 Southeast Asia 8/ Nov 5.23 29.61 19.45 42.45 50.75 0.55 2.99 Dec 5.14 29.61 19.45 42.45 50.75 0.54 2.92 South Korea Nov 2.01 0.22 11.61 9.55 12.06 0.00 1.78 Dec 2.01 0.22 11.61 9.55 12.06 0.00 1.78 Selected Other China Nov 207.19 280.40 46.40 232.80 322.60 0.05 211.34 Dec 207.19 279.95 46.70 233.10 322.90 0.05 210.89 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit , and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Afr ica and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade ex cludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2021 WASDE - 619 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 322.37 1,119.71 167.76 715.77 1,135.79 172.33 306.29 World Less China 112.19 858.93 160.18 522.77 857.79 172.32 105.76 United States 56.41 345.96 1.06 149.87 309.55 45.13 48.76 Total Foreign 265.96 773.74 166.69 565.90 826.24 127.20 257.53 Major Exporters 4/ 9.97 219.01 1.73 88.40 110.40 107.03 13.27 Argentina 2.37 51.00 0.00 9.50 13.50 36.25 3.62 Brazil 5.31 102.00 1.65 58.50 68.50 35.23 5.23 Russia 0.38 14.28 0.05 8.80 9.80 4.07 0.83 South Africa 1.02 15.84 0.00 6.40 12.20 2.55 2.12 Ukraine 0.89 35.89 0.03 5.20 6.40 28.93 1.48 Major Importers 5/ 22.24 129.30 93.95 163.15 217.65 7.04 20.81 Egypt 1.81 6.40 10.43 14.40 16.90 0.01 1.73 European Union 6/ 7.64 66.74 17.38 59.10 79.00 5.39 7.38 Japan 1.45 0.00 15.89 12.40 15.95 0.00 1.39 Mexico 5.16 26.66 16.53 25.60 43.80 1.03 3.52 Southeast Asia 7/ 3.37 29.35 17.26 37.70 45.55 0.61 3.81 South Korea 1.84 0.08 11.88 9.50 11.80 0.00 2.00 Selected Other 0.00 Canada 1.98 13.40 1.84 8.64 13.96 0.71 2.56 China 210.18 260.78 7.58 193.00 278.00 0.01 200.53 2020/21 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2 / Exports Ending Stocks World 3/ 306.29 1,122.80 186.48 724.61 1,136.40 177.45 292.69 World Less China 105.76 862.13 156.96 521.61 851.40 177.45 86.98 United States 48.76 358.45 0.62 142.26 306.49 69.92 31.41 Total Foreign 257.53 764.36 185.86 582.35 829.91 107.53 261.28 Major Exporters 4/ 13.27 198.57 3.57 93.00 116.10 88.06 11.25 Argentina 3.62 50.50 0.01 10.00 14.00 38.50 1.62 Brazil 5.23 87.00 3.50 61.00 72.00 18.50 5.23 Russia 0.83 13.87 0.04 8.90 10.00 4.00 0.74 South Africa 2.12 16.90 0.01 7.20 13.00 3.20 2.83 Ukraine 1.48 30.30 0.02 5.90 7.10 23.86 0.83 Major Importers 5/ 20.81 131.40 92.84 163.85 219.00 4.78 21.27 Egypt 1.73 6.40 9.47 13.90 16.40 0.01 1.19 European Union 6/ 7.38 67.09 14.49 57.20 77.60 3.72 7.65 Japan 1.39 0.00 15.48 11.90 15.40 0.00 1.47 Mexico 3.52 27.35 16.50 25.60 43.80 0.48 3.08 Southeast Asia 7/ 3.81 30.40 20.69 41.15 49.20 0.57 5.13 South Korea 2.00 0.08 11.71 9.50 11.80 0.00 1.99 Selected Other 0.00 Canada 2.56 13.56 1.58 8.62 14.01 1.52 2.17 China 200.53 260.67 29.51 203.00 285.00 0.00 205.70 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2021 WASDE - 619 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Nov 291.87 1,204.62 183.42 747.23 1,192.07 203.47 304.42 Dec 292.69 1,208.73 185.45 750.78 1,195.88 204.86 305.54 World Less China Nov 86.16 931.62 157.42 533.23 898.07 203.45 93.73 Dec 86.98 936.18 159.45 536.78 901.88 204.84 95.31 United States Nov 31.41 382.59 0.64 143.52 313.20 63.50 37.94 Dec 31.41 382.59 0.64 143.52 313.20 63.50 37.94 Total Foreign Nov 260.46 822.03 182.78 603.72 878.88 139.97 266.48 Dec 261.28 826.14 184.82 607.27 882.68 141.36 267.61 Major Exporters 4/ Nov 11.32 242.50 1.77 94.90 118.20 121.20 16.19 Dec 11.25 244.50 1.77 95.30 118.60 122.20 16.72 Argentina Nov 1.62 54.50 0.01 10.50 14.50 39.00 2.63 Dec 1.62 54.50 0.01 10.50 14.50 39.00 2.63 Brazil Nov 5.23 118.00 1.70 62.00 73.00 43.00 8.93 Dec 5.23 118.00 1.70 62.00 73.00 43.00 8.93 Russia Nov 0.74 15.00 0.05 9.80 10.90 4.50 0.39 Dec 0.74 15.00 0.05 9.80 10.90 4.50 0.39 South Africa Nov 2.83 17.00 0.00 7.30 13.30 3.20 3.33 Dec 2.83 17.00 0.00 7.30 13.30 3.20 3.33 Ukraine Nov 0.90 38.00 0.02 5.30 6.50 31.50 0.91 Dec 0.83 40.00 0.02 5.70 6.90 32.50 1.45 Major Importers 5/ Nov 20.61 131.97 91.00 165.00 219.60 5.65 18.33 Dec 21.27 134.47 91.30 166.80 222.20 6.04 18.80 Egypt Nov 1.32 6.40 10.00 13.90 16.40 0.01 1.32 Dec 1.19 6.40 10.30 14.20 16.70 0.01 1.19 European Union 6/ Nov 6.89 67.85 15.00 58.20 78.00 4.40 7.34 Dec 7.65 70.35 15.00 59.70 80.30 4.90 7.80 Japan Nov 1.47 0.01 15.60 12.30 15.85 0.00 1.22 Dec 1.47 0.01 15.60 12.30 15.85 0.00 1.22 Mexico Nov 2.96 28.00 17.00 26.00 44.20 0.70 3.06 Dec 3.08 28.00 17.00 26.00 44.20 0.60 3.28 Southeast Asia 7/ Nov 5.22 29.56 17.40 40.60 48.65 0.55 2.98 Dec 5.13 29.56 17.40 40.60 48.65 0.54 2.91 South Korea Nov 1.99 0.08 11.50 9.50 11.80 0.00 1.77 Dec 1.99 0.08 11.50 9.50 11.80 0.00 1.77 Selected Other Canada Nov 2.18 14.00 3.00 11.00 16.20 1.00 1.98 Dec 2.17 13.98 3.00 11.00 16.20 1.00 1.95 China Nov 205.70 273.00 26.00 214.00 294.00 0.02 210.68 Dec 205.70 272.55 26.00 214.00 294.00 0.02 210.24 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2021 WASDE - 619 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 176.64 498.84 42.33 493.71 43.41 181.77 World Less China 61.64 352.11 39.73 348.48 40.81 65.27 United States 1.42 5.88 1.19 4.59 2.99 0.91 Total Foreign 175.22 492.96 41.14 489.12 40.41 180.86 Major Exporters 4/ 36.69 183.69 0.66 149.30 30.51 41.22 Burma 1.06 12.65 0.00 10.40 2.30 1.01 India 29.50 118.87 0.00 101.95 12.52 33.90 Pakistan 0.95 7.41 0.01 3.40 3.82 1.15 Thailand 4.08 17.66 0.25 12.30 5.71 3.98 Vietnam 1.10 27.10 0.40 21.25 6.17 1.18 Major Importers 5/ 127.82 239.80 13.97 249.85 3.18 128.56 China 115.00 146.73 2.60 145.23 2.60 116.50 European Union 6/ 1.19 1.99 2.00 3.39 0.53 1.26 Indonesia 4.06 34.70 0.55 36.00 0.00 3.31 Nigeria 1.22 5.04 1.40 6.85 0.00 0.81 Philippines 3.52 11.93 2.45 14.30 0.00 3.60 Sel. Mideast 7/ 0.89 2.34 3.97 5.98 0.00 1.22 Selected Other 0.00 Brazil 0.25 7.60 0.87 7.30 1.22 0.21 C. Amer & Carib 8/ 0.61 1.60 1.87 3.39 0.04 0.64 Egypt 0.95 4.30 0.30 4.30 0.02 1.23 Japan 2.05 7.61 0.71 8.35 0.03 1.98 Mexico 0.15 0.18 0.80 0.94 0.02 0.18 South Korea 1.09 3.74 0.45 4.10 0.06 1.14 2020/21 Est. Beginning Stocks Productio n Imports Total /2 Domestic Exports Ending Stocks World 3/ 181.77 507.20 46.40 502.04 49.84 186.93 World Less China 65.27 358.90 41.90 351.47 47.62 70.43 United States 0.91 7.23 1.08 4.85 2.98 1.39 Total Foreign 180.86 499.98 45.32 497.19 46.86 185.55 Major Exporters 4/ 41.22 189.26 1.86 148.41 37.74 46.19 Burma 1.01 12.60 0.00 10.55 1.80 1.26 India 33.90 122.27 0.00 100.01 20.17 36.00 Pakistan 1.15 8.18 0.01 3.70 3.88 1.76 Thailand 3.98 18.86 0.20 12.70 5.70 4.64 Vietnam 1.18 27.34 1.65 21.45 6.20 2.52 Major Importers 5/ 128.56 240.72 17.08 255.55 2.69 128.12 China 116.50 148.30 4.50 150.58 2.22 116.50 European Union 6/ 1.26 1.95 1.78 3.40 0.44 1.16 Indonesia 3.31 35.30 0.60 35.80 0.00 3.41 Nigeria 0.81 4.89 1.90 6.90 0.00 0.70 Philippines 3.60 12.42 2.20 14.45 0.00 3.76 Sel. Mideast 7/ 1.22 2.31 3.35 5.88 0.00 1.00 Selected Other 0.00 Brazil 0.21 8.00 0.70 7.45 0.85 0.61 C. Amer & Carib 8/ 0.64 1.60 1.69 3.34 0.04 0.55 Egypt 1.23 4.00 0.24 4.30 0.01 1.16 Japan 1.98 7.57 0.69 8.25 0.08 1.91 Mexico 0.18 0.20 0.80 0.96 0.02 0.20 South Korea 1.14 3.51 0.45 4.00 0.06 1.04 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. December 2021 WASDE - 619 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Nov 187.49 511.72 47.36 511.27 49.66 187.94 Dec 186.93 510.78 47.81 510.91 49.74 186.80 World Less China Nov 70.99 362.72 42.86 356.37 47.56 74.94 Dec 70.43 361.79 43.31 356.02 47.64 73.80 United States Nov 1.39 6.15 1.11 4.68 2.86 1.11 Dec 1.39 6.15 1.06 4.68 2.83 1.10 Total Foreign Nov 186.10 505.57 46.25 506.58 46.80 186.83 Dec 185.55 504.62 46.75 506.23 46.91 185.70 Major Exporters 4/ Nov 46.46 192.40 0.71 152.45 37.70 49.42 Dec 46.19 192.20 0.71 152.40 37.80 48.90 Burma Nov 1.36 12.60 0.00 10.70 1.80 1.47 Dec 1.26 12.60 0.00 10.65 1.90 1.32 India Nov 36.00 125.00 0.00 103.50 19.00 38.50 Dec 36.00 125.00 0.00 103.50 19.00 38.50 Pakistan Nov 1.79 8.20 0.01 3.90 4.00 2.10 Dec 1.76 8.20 0.01 3.90 4.00 2.07 Thailand Nov 4.74 19.50 0.20 13.00 6.50 4.94 Dec 4.64 19.30 0.20 13.00 6.50 4.64 Vietnam Nov 2.57 27.10 0.50 21.35 6.40 2.42 Dec 2.52 27.10 0.50 21.35 6.40 2.37 Major Importers 5/ Nov 128.24 243.14 17.63 260.62 2.60 125.80 Dec 128.12 242.34 18.13 260.76 2.56 125.27 China Nov 116.50 149.00 4.50 154.90 2.10 113.00 Dec 116.50 148.99 4.50 154.89 2.10 113.00 European Union 6/ Nov 1.15 1.89 1.93 3.44 0.48 1.06 Dec 1.16 1.85 1.93 3.44 0.44 1.06 Indonesia Nov 3.41 35.35 0.60 35.60 0.00 3.76 Dec 3.41 35.35 0.60 35.60 0.00 3.76 Nigeria Nov 0.70 5.00 2.00 6.95 0.00 0.75 Dec 0.70 5.00 2.00 6.95 0.00 0.75 Philippines Nov 3.76 12.30 2.20 14.55 0.00 3.71 Dec 3.76 12.30 2.50 14.85 0.00 3.71 Sel. Mideast 7/ Nov 1.12 2.15 3.85 5.98 0.00 1.15 Dec 1.00 2.15 3.75 5.83 0.00 1.07 Selected Other Brazil Nov 0.61 8.02 0.65 7.45 1.05 0.78 Dec 0.61 8.02 0.65 7.45 1.05 0.78 C. Amer & Carib 8/ Nov 0.56 1.65 1.89 3.44 0.02 0.63 Dec 0.55 1.65 1.85 3.41 0.02 0.62 Egypt Nov 1.28 2.90 0.90 4.25 0.01 0.82 Dec 1.16 2.90 0.90 4.25 0.01 0.71 Japan Nov 1.91 7.56 0.69 8.20 0.07 1.88 Dec 1.91 7.56 0.69 8.20 0.07 1.88 Mexico Nov 0.20 0.22 0.80 0.97 0.01 0.24 Dec 0.20 0.22 0.80 0.97 0.01 0.24 South Korea Nov 1.04 3.82 0.41 3.95 0.06 1.26 Dec 1.04 3.88 0.41 3.95 0.06 1.33 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. December 2021 WASDE - 619 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2019/20 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 79.70 120.99 40.81 103.07 41.17 -0.04 97.28 World Less China 44.03 93.74 33.67 70.07 41.02 -0.04 60.38 United States 4.85 19.91 3/ 2.15 15.51 -0.15 7.25 Total Foreign 74.85 101.07 40.81 100.92 25.66 0.11 90.03 Major Exporters 4/ 27.93 57.40 2.92 28.17 21.17 0.02 38.89 Central Asia 5/ 2.28 5.96 3/ 3.92 1.78 0.00 2.55 Afr. Fr. Zone 6/ 1.40 5.80 3/ 0.13 4.60 0.00 2.46 S. Hemis. 7/ 15.34 16.69 0.14 3.56 11.34 0.01 17.25 Australia 1.57 0.63 3/ 0.04 1.36 0.00 0.80 Brazil 12.26 13.78 0.01 2.70 8.94 0.00 14.40 India 8.60 28.50 2.28 20.00 3.20 0.00 16.18 Major Importers 8/ 44.95 40.62 35.44 69.04 3.19 0.09 48.69 Mexico 0.69 1.57 0.59 1.48 0.66 0.03 0.69 China 35.67 27.25 7.14 33.00 0.16 0.00 36.90 European Union 9/ 0.29 2.00 0.58 0.59 1.82 0.01 0.44 Turkey 1.69 3.45 4.67 6.60 0.45 0.00 2.77 Pakistan 2.50 6.20 3.98 9.40 0.06 0.03 3.19 Indonesia 0.53 3/ 2.51 2.40 0.00 0.00 0.64 Thailand 0.20 3/ 0.70 0.78 0.00 0.02 0.10 Bangladesh 1.78 0.14 7.50 6.90 0.00 0.01 2.52 Vietnam 1.23 3/ 6.48 6.60 0.00 0.00 1.11 2020/21 Est. Beginning Stocks Productio n Imports Domestic Use Exports Loss /2 Ending Stocks World 97.28 111.70 49.01 120.92 48.46 0.04 88.58 World Less China 60.38 82.20 36.15 80.92 48.45 0.04 49.33 United States 7.25 14.61 3/ 2.40 16.37 -0.06 3.15 Total Foreign 90.03 97.10 49.01 118.52 32.08 0.10 85.43 Major Exporters 4/ 38.89 54.23 1.60 33.95 27.54 0.02 33.21 Central Asia 5/ 2.55 5.80 0.01 4.17 1.97 0.00 2.21 Afr. Fr. Zone 6/ 2.46 4.79 3/ 0.13 5.10 0.00 2.02 S. Hemis. 7/ 17.25 15.69 0.14 4.03 13.73 0.01 15.32 Australia 0.80 2.80 3/ 0.04 1.56 0.00 2.00 Brazil 14.40 10.82 0.01 3.10 11.01 0.00 11.12 India 16.18 27.60 0.84 25.00 6.19 0.00 13.44 Major Importers 8/ 48.69 39.75 45.06 80.73 3.10 0.08 49.59 Mexico 0.69 1.02 0.93 1.70 0.49 0.03 0.43 China 36.90 29.50 12.86 40.00 0.01 0.00 39.25 European Union 9/ 0.44 1.68 0.56 0.59 1.96 0.01 0.13 Turkey 2.77 2.90 5.33 7.70 0.59 0.00 2.71 Pakistan 3.19 4.50 5.33 10.70 0.03 0.03 2.27 Indonesia 0.64 3/ 2.31 2.50 0.01 0.00 0.45 Thailand 0.10 3/ 0.60 0.61 0.00 0.02 0.08 Bangladesh 2.52 0.15 8.75 8.50 0.00 0.01 2.90 Vietnam 1.11 3/ 7.31 7.30 0.00 0.00 1.12 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. December 2021 WASDE - 619 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2021/22 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Nov 89.28 121.79 46.62 124.10 46.61 0.06 86.93 Dec 88.58 121.57 46.94 124.27 46.95 0.13 85.73 World Less China Nov 50.03 95.04 36.12 84.10 46.56 0.06 50.48 Dec 49.33 94.82 36.69 84.27 46.90 0.13 49.53 United States Nov 3.15 18.20 0.01 2.50 15.50 -0.05 3.40 Dec 3.15 18.28 0.01 2.50 15.50 0.04 3.40 filler filler filler filler filler filler filler Total Foreign Nov 86.13 103.59 46.62 121.60 31.11 0.11 83.53 Dec 85.43 103.28 46.94 121.77 31.45 0.10 82.33 Major Exporters 4/ Nov 33.88 60.78 1.78 35.03 26.97 0.02 34.42 Dec 33.21 61.23 1.78 35.15 27.24 0.02 33.80 Central Asia 5/ Nov 2.21 5.48 0.02 4.28 1.46 0.00 1.96 Dec 2.21 5.68 0.02 4.38 1.51 0.00 2.01 Afr. Fr. Zone 6/ Nov 2.20 5.92 3/ 0.13 5.94 0.00 2.04 Dec 2.02 6.17 3/ 0.13 5.98 0.00 2.07 S. Hemis. 7/ Nov 15.32 20.93 0.16 4.20 13.33 0.01 18.87 Dec 15.32 20.93 0.16 4.23 13.50 0.01 18.67 Australia Nov 2.00 5.30 3/ 0.04 3.90 0.00 3.37 Dec 2.00 5.30 3/ 0.04 3.90 0.00 3.37 filler filler filler filler filler filler filler Brazil Nov 11.12 13.20 0.03 3.20 8.10 0.00 13.04 Dec 11.12 13.20 0.03 3.20 8.30 0.00 12.84 India Nov 13.94 28.00 1.00 25.80 5.80 0.00 11.34 Dec 13.44 28.00 1.00 25.80 5.80 0.00 10.84 Major Importers 8/ Nov 49.62 39.70 42.21 82.54 2.48 0.09 46.43 Dec 49.59 38.94 42.51 82.59 2.53 0.08 45.85 Mexico Nov 0.43 1.05 1.08 1.80 0.30 0.03 0.43 Dec 0.43 1.05 1.08 1.80 0.30 0.03 0.43 China Nov 39.25 26.75 10.50 40.00 0.05 0.00 36.45 Dec 39.25 26.75 10.25 40.00 0.05 0.00 36.20 European Union 9/ Nov 0.13 1.44 0.60 0.62 1.41 0.00 0.14 Dec 0.13 1.48 0.60 0.62 1.46 0.00 0.13 Turkey Nov 2.71 3.60 5.20 8.40 0.65 0.00 2.46 Dec 2.71 3.80 5.20 8.50 0.65 0.00 2.56 Pakistan Nov 2.27 6.70 5.00 11.40 0.05 0.03 2.49 Dec 2.27 5.70 5.30 11.10 0.05 0.03 2.09 Indonesia Nov 0.45 3/ 2.50 2.50 0.01 0.00 0.44 Dec 0.45 3/ 2.50 2.50 0.01 0.00 0.44 Thailand Nov 0.11 3/ 0.60 0.58 0.00 0.03 0.10 Dec 0.08 3/ 0.65 0.63 0.00 0.02 0.08 Bangladesh Nov 2.90 0.15 8.30 8.80 0.00 0.01 2.54 Dec 2.90 0.15 8.30 8.80 0.00 0.01 2.54 Vietnam Nov 1.12 3/ 7.30 7.30 0.00 0.00 1.13 Dec 1.12 3/ 7.50 7.50 0.00 0.00 1.13 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. December 2021 WASDE - 619 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 114.09 339.88 164.97 312.42 358.35 165.06 95.53 World Less China 94.63 321.79 66.44 220.92 249.15 164.97 68.74 United States 24.74 96.67 0.42 58.91 61.85 45.70 14.28 Total Foreign 89.35 243.21 164.56 253.51 296.51 119.36 81.25 Major Exporters 3/ 61.73 189.54 5.45 89.09 99.05 110.68 46.99 Argentina 28.89 48.80 4.88 38.77 45.92 10.00 26.65 Brazil 32.47 128.50 0.55 46.74 49.39 92.14 20.00 Paraguay 0.35 10.25 0.01 3.50 3.66 6.62 0.33 Major Importers 4/ 22.06 21.76 131.88 120.00 145.86 0.34 29.49 China 19.46 18.09 98.53 91.50 109.20 0.09 26.79 European Union 1.52 2.62 14.95 15.60 17.32 0.23 1.54 Southeast Asia 0.71 0.60 9.32 4.50 9.81 0.02 0.80 Mexico 0.18 0.24 5.75 6.00 6.05 0.00 0.11 2020/21 Est. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 95.53 366.23 165.84 315.77 363.04 164.75 99.81 World Less China 68.74 346.63 66.08 222.77 251.44 164.68 65.32 United States 14.28 114.75 0.54 58.26 60.94 61.66 6.97 Total Foreign 81.25 251.48 165.30 257.51 302.10 103.09 92.84 Major Exporters 3/ 46.99 195.81 5.85 90.28 100.37 95.08 53.20 Argentina 26.65 46.20 4.82 40.16 47.41 5.19 25.06 Brazil 20.00 138.00 1.02 46.75 49.42 81.65 27.95 Paraguay 0.33 9.90 0.01 3.30 3.47 6.60 0.17 Major Importers 4/ 29.49 23.24 133.29 122.23 149.11 0.27 36.63 China 26.79 19.60 99.76 93.00 111.60 0.07 34.48 European Union 1.54 2.58 14.80 15.90 17.62 0.19 1.11 Southeast Asia 0.80 0.58 9.64 4.81 10.24 0.02 0.77 Mexico 0.11 0.25 6.00 6.20 6.25 0.00 0.10 2021/22 Proj. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ Nov 100.11 384.01 169.78 328.82 378.03 172.09 103.78 Dec 99.81 381.78 169.78 327.75 377.03 172.34 102.00 World Less China Nov 65.62 365.01 69.78 230.82 260.33 171.99 68.09 Dec 65.32 365.38 69.78 230.75 260.33 172.24 67.92 United States Nov 6.97 120.43 0.41 59.60 62.77 55.79 9.25 Dec 6.97 120.43 0.41 59.60 62.77 55.79 9.25 Total Foreign Nov 93.14 263.58 169.37 269.21 315.27 116.30 94.53 Dec 92.84 261.36 169.37 268.14 314.27 116.55 92.75 Major Exporters 3/ Nov 53.20 206.60 5.47 93.53 103.76 108.38 53.13 Dec 53.20 206.10 5.47 93.18 103.41 108.23 53.13 Argentina Nov 25.06 49.50 4.80 42.00 49.40 5.35 24.61 Dec 25.06 49.50 4.80 42.00 49.40 5.35 24.61 Brazil Nov 27.95 144.00 0.65 47.70 50.35 94.00 28.25 Dec 27.95 144.00 0.65 47.70 50.35 94.00 28.25 Paraguay Nov 0.17 10.50 0.01 3.75 3.93 6.50 0.26 Dec 0.17 10.00 0.01 3.40 3.58 6.35 0.26 Major Importers 4/ Nov 36.66 22.82 134.40 127.73 155.72 0.35 37.82 Dec 36.63 20.22 134.40 126.73 154.75 0.35 36.16 China Nov 34.49 19.00 100.00 98.00 117.70 0.10 35.69 Dec 34.48 16.40 100.00 97.00 116.70 0.10 34.08 European Union Nov 1.09 2.75 15.00 15.90 17.62 0.23 1.00 Dec 1.11 2.75 15.00 15.90 17.62 0.23 1.01 Southeast Asia Nov 0.82 0.53 9.90 4.98 10.41 0.02 0.82 Dec 0.77 0.53 9.90 4.98 10.44 0.02 0.74 Mexico Nov 0.10 0.30 6.20 6.40 6.45 0.00 0.15 Dec 0.10 0.30 6.20 6.40 6.45 0.00 0.15 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports . Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to roun ding. December 2021 WASDE - 619 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 15.01 245.59 61.97 240.73 67.62 14.22 World Less China 15.01 173.12 61.92 169.22 66.60 14.22 United States 0.37 46.36 0.58 34.44 12.55 0.31 Total Foreign 14.64 199.23 61.39 206.28 55.07 13.91 Major Exporters 3/ 6.91 73.19 0.03 27.37 45.85 6.91 Argentina 2.99 30.24 0.00 3.20 27.46 2.57 Brazil 3.54 36.23 0.01 18.50 17.50 3.78 India 0.38 6.72 0.02 5.67 0.89 0.57 Major Importers 4/ 2.28 22.40 37.28 59.20 0.99 1.76 European Union 0.91 12.32 16.33 28.29 0.87 0.40 Mexico 0.26 4.75 1.82 6.73 0.01 0.10 Southeast Asia 5/ 1.00 3.51 17.27 20.64 0.11 1.04 China 0.00 72.47 0.05 71.51 1.01 0.00 2020/21 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 14.22 248.28 63.58 244.96 68.70 12.42 World Less China 14.22 174.63 63.50 172.28 67.65 12.42 United States 0.31 45.87 0.71 34.09 12.49 0.31 Total Foreign 13.91 202.41 62.87 210.87 56.21 12.11 Major Exporters 3/ 6.91 75.16 0.25 28.46 46.94 6.92 Argentina 2.57 31.32 0.00 3.33 28.32 2.24 Brazil 3.78 36.24 0.02 19.14 16.60 4.30 India 0.57 7.60 0.24 6.00 2.03 0.38 Major Importers 4/ 1.76 22.97 37.39 59.67 1.17 1.28 European Union 0.40 12.57 16.53 28.54 0.81 0.15 Mexico 0.10 4.90 1.90 6.78 0.01 0.12 Southeast Asia 5/ 1.04 3.75 17.12 20.77 0.36 0.79 China 0.00 73.66 0.07 72.68 1.05 0.00 2021/22 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Nov 12.69 258.52 65.72 252.98 70.85 13.09 Dec 12.42 257.61 65.72 251.95 70.80 13.00 World Less China Nov 12.69 180.90 65.66 176.41 69.75 13.09 Dec 12.42 180.79 65.66 176.17 69.70 13.00 United States Nov 0.31 46.91 0.41 34.38 12.88 0.36 Dec 0.31 46.91 0.41 34.38 12.88 0.36 Total Foreign Nov 12.38 211.61 65.31 218.60 57.97 12.73 Dec 12.11 210.70 65.31 217.57 57.92 12.64 Major Exporters 3/ Nov 7.02 77.75 0.85 30.03 48.40 7.18 Dec 6.92 77.72 0.75 29.75 48.40 7.24 Argentina Nov 2.24 32.75 0.00 3.40 29.30 2.29 Dec 2.24 32.75 0.00 3.40 29.30 2.29 Brazil Nov 4.30 36.97 0.02 20.00 17.00 4.28 Dec 4.30 36.97 0.02 20.00 17.00 4.28 India Nov 0.48 8.03 0.83 6.63 2.10 0.61 Dec 0.38 8.00 0.73 6.35 2.10 0.67 Major Importers 4/ Nov 1.31 23.36 38.13 60.32 1.09 1.38 Dec 1.28 23.31 38.23 60.43 1.09 1.30 European Union Nov 0.29 12.57 17.00 28.59 0.85 0.41 Dec 0.15 12.57 17.00 28.59 0.85 0.28 Mexico Nov 0.12 5.06 1.93 7.00 0.01 0.09 Dec 0.12 5.06 1.93 7.00 0.01 0.09 Southeast Asia 5/ Nov 0.80 3.88 17.40 21.07 0.24 0.77 Dec 0.79 3.88 17.50 21.23 0.24 0.71 China Nov 0.00 77.62 0.06 76.58 1.10 0.00 Dec 0.00 76.82 0.06 75.78 1.10 0.00 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. December 2021 WASDE - 619 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 4.36 58.53 11.40 57.24 12.32 4.74 World Less China 3.86 42.13 10.40 40.14 12.16 4.09 United States 0.81 11.30 0.15 10.12 1.29 0.84 Total Foreign 3.55 47.23 11.25 47.11 11.03 3.90 Major Exporters 3/ 1.07 20.33 0.55 12.42 8.12 1.41 Argentina 0.43 7.70 0.00 2.18 5.40 0.55 Brazil 0.32 9.00 0.07 7.77 1.16 0.47 European Union 0.26 2.96 0.48 2.43 0.93 0.35 Major Importers 4/ 1.23 19.43 7.04 25.89 0.47 1.34 China 0.50 16.40 1.00 17.09 0.16 0.65 India 0.14 1.51 3.63 5.12 0.02 0.14 North Africa 5/ 0.32 1.05 1.79 2.47 0.29 0.40 2020/21 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 4.74 59.27 11.60 59.03 12.39 4.19 World Less China 4.09 42.61 10.37 41.23 12.35 3.49 United States 0.84 11.35 0.14 10.58 0.78 0.97 Total Foreign 3.90 47.92 11.46 48.45 11.61 3.23 Major Exporters 3/ 1.41 20.55 0.74 12.56 9.05 1.08 Argentina 0.55 7.90 0.00 2.04 6.14 0.27 Brazil 0.47 9.00 0.25 7.96 1.27 0.49 European Union 0.35 3.02 0.49 2.51 1.05 0.30 Major Importers 4/ 1.34 19.91 6.74 26.65 0.21 1.12 China 0.65 16.67 1.23 17.81 0.04 0.70 India 0.14 1.71 3.24 4.93 0.01 0.15 North Africa 5/ 0.40 1.02 1.60 2.66 0.13 0.23 2021/22 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Nov 4.34 61.74 11.89 61.34 12.58 4.05 Dec 4.19 61.64 11.59 60.69 12.72 4.01 World Less China Nov 3.64 44.18 10.79 42.88 12.43 3.30 Dec 3.49 44.26 10.49 42.41 12.57 3.26 United States Nov 0.99 11.58 0.20 11.34 0.57 0.87 Dec 0.97 11.67 0.20 11.41 0.57 0.87 Total Foreign Nov 3.35 50.16 11.69 50.00 12.01 3.18 Dec 3.23 49.97 11.39 49.28 12.15 3.15 Major Exporters 3/ Nov 1.18 21.26 0.53 12.75 9.14 1.08 Dec 1.08 21.20 0.55 12.62 9.23 0.98 Argentina Nov 0.27 8.35 0.00 2.10 6.25 0.27 Dec 0.27 8.35 0.00 2.10 6.25 0.27 Brazil Nov 0.49 9.18 0.08 7.99 1.30 0.46 Dec 0.49 9.18 0.10 7.86 1.45 0.46 European Union Nov 0.40 3.02 0.45 2.61 0.95 0.32 Dec 0.30 3.02 0.45 2.61 0.95 0.22 Major Importers 4/ Nov 1.15 21.18 7.11 27.84 0.42 1.19 Dec 1.12 21.00 6.78 27.27 0.42 1.22 China Nov 0.70 17.56 1.10 18.46 0.15 0.75 Dec 0.70 17.38 1.10 18.28 0.15 0.75 India Nov 0.15 1.80 3.73 5.50 0.02 0.16 Dec 0.15 1.80 3.40 5.10 0.02 0.24 North Africa 5/ Nov 0.21 1.20 1.60 2.57 0.25 0.20 Dec 0.23 1.20 1.60 2.57 0.25 0.22 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. December 2021 WASDE - 619 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2020 IV 7,069 7,515 14,633 11,047 1,451 12,630 27,263 2,371 55.6 Annual 27,174 28,303 55,680 44,583 5,743 50,876 106,556 9,283 223.2 2021 I 6,895 7,291 14,235 10,893 1,390 12,410 26,645 2,306 56.8 II 6,957 6,668 13,673 11,231 1,399 12,770 26,443 2,303 58.1 III 6,978 6,529 13,551 11,581 1,403 13,124 26,675 2,332 55.9 IV* 7,065 7,245 14,358 11,025 1,400 12,555 26,913 2,400 55.4 Annual Nov Proj. 27,885 27,678 55,751 44,828 5,612 50,981 106,732 9,345 226.4 Dec Proj. 27,895 27,733 55,817 44,730 5,592 50,859 106,676 9,341 226.2 2022 I* 6,895 6,980 13,925 11,150 1,390 12,675 26,600 2,345 56.8 II* 6,730 6,480 13,259 11,400 1,405 12,950 26,209 2,345 58.2 III* 6,720 6,825 13,592 11,690 1,420 13,255 26,847 2,365 56.4 Annual Nov Proj. 27,000 27,585 54,779 45,240 5,700 51,490 106,269 9,470 228.1 Dec Proj. 27,000 27,595 54,790 45,500 5,640 51,695 106,485 9,480 227.7 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2020 IV 108.18 50.75 75.7 113.6 107.2 19.80 Annual 108.51 43.18 73.2 106.5 112.2 18.24 2021 I 112.98 55.71 84.0 110.1 127.8 17.33 II 120.75 80.92 104.4 117.7 94.2 18.67 III 123.51 76.15 105.4 129.7 120.1 18.00 IV* 133.00 56.00 108.0 131.0 125.0 20.45 Annual Nov Proj. 121.31 67.45 99.7 123.1 116.8 18.50 Dec Proj. 122.56 67.20 100.4 122.1 116.8 18.60 2022 I* 138.00 62.00 110.0 124.0 121.0 21.20 II* 134.00 64.00 106.0 122.0 110.0 20.65 III* 132.00 60.00 97.0 123.0 111.0 20.05 Annual Nov Proj. 130 60 99 122 117 20.25 Dec Proj. 135 60 102 123 117 20.75 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. December 2021 WASDE - 619 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2020 642 27,244 3,342 31,227 2,951 716 27,561 58.4 2021 Proj. Nov 716 27,955 3,260 31,930 3,455 640 27,835 58.8 Dec 716 27,965 3,315 31,995 3,455 640 27,900 58.9 2022 Proj. Nov 640 27,070 3,240 30,950 3,270 640 27,040 57.0 Dec 640 27,070 3,265 30,975 3,270 640 27,065 57.0 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2020 646 28,318 904 29,869 7,280 467 22,121 52.0 2021 Proj. Nov 467 27,693 1,145 29,306 7,193 480 21,633 50.7 Dec 467 27,748 1,160 29,376 7,163 485 21,728 50.9 2022 Proj. Nov 480 27,600 1,175 29,255 7,405 495 21,355 49.9 Dec 485 27,610 1,190 29,285 7,405 500 21,380 49.9 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2020 1,330 55,774 4,547 61,651 10,235 1,217 50,199 111.8 2021 Proj. Nov 1,217 55,846 4,762 61,825 10,651 1,150 50,024 110.9 Dec 1,217 55,911 4,842 61,971 10,621 1,155 50,195 111.3 2022 Proj. Nov 1,150 54,874 4,761 60,785 10,678 1,170 48,936 108.3 Dec 1,155 54,885 4,818 60,858 10,678 1,173 49,006 108.4 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2020 937 44,106 145 45,188 7,367 830 36,991 96.2 2021 Proj. Nov 830 44,348 147 45,325 7,545 760 37,020 96.0 Dec 830 44,251 149 45,230 7,545 760 36,925 95.7 2022 Proj. Nov 760 44,756 145 45,661 7,465 775 37,421 96.7 Dec 760 45,013 145 45,918 7,500 785 37,633 97.3 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2020 233 5,743 21 5,997 571 223 5,203 15.8 2021 Proj. Nov 223 5,612 22 5,857 566 195 5,096 15.4 Dec 223 5,592 22 5,837 561 195 5,081 15.3 2022 Proj. Nov 195 5,700 21 5,916 570 200 5,146 15.5 Dec 195 5,640 21 5,856 565 200 5,091 15.3 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2020 1,175 50,398 167 51,740 8,013 1,057 42,670 113.4 2021 Proj. Nov 1,057 50,501 172 51,730 8,162 961 42,607 112.8 Dec 1,057 50,380 175 51,612 8,157 961 42,494 112.5 2022 Proj. Nov 961 51,005 169 52,135 8,091 980 43,064 113.7 Dec 961 51,208 169 52,338 8,121 990 43,227 114.1 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2020 2,504 106,172 4,715 113,391 18,248 2,274 92,869 225.3 2021 Proj. Nov 2,274 106,346 4,934 113,555 18,813 2,111 92,631 223.8 Dec 2,274 106,291 5,017 113,582 18,778 2,116 92,689 223.8 2022 Proj. Nov 2,111 105,879 4,930 112,920 18,769 2,150 92,001 222.0 Dec 2,116 106,092 4,987 113,195 18,799 2,163 92,233 222.5 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. December 2021 WASDE - 619 - 33 U.S. Egg Supply and Use Commodity 2019 2020 2021 Proj. 2021 Proj. 2022 Proj. 2022 Proj. Nov Dec Nov Dec Eggs Million Dozen Supply Beginning Stocks 22.7 31.6 24.5 24.5 20.0 20.0 Production 9,441.8 9,283.4 9,345.2 9,340.7 9,470.0 9,480.0 Imports 14.6 15.5 17.9 17.8 16.0 16.0 Total Supply 9,479.1 9,330.5 9,387.5 9,383.0 9,506.0 9,516.0 Use Exports 333.8 344.0 417.0 417.0 380.0 380.0 Hatching Use 1,081.2 1,078.5 1,107.1 1,107.0 1,140.0 1,155.0 Ending Stocks 31.6 24.5 20.0 20.0 23.0 23.0 Disappearance Total 8,032.5 7,883.5 7,843.4 7,839.0 7,963.0 7,958.0 Per Capita (number) 293.4 286.5 284.0 283.9 287.5 287.4 Total U.S. Milk Supply and Use Commodity 2019 2020 2021 Proj. 2021 Proj. 2022 Proj. 2022 Proj. Nov Dec Nov Dec Milk Billion Pounds Production 218.4 223.2 226.4 226.2 228.1 227.7 Farm Use 1.0 1.1 1.1 1.1 1.1 1.1 Fat Basis Supply Beg. Commercial Stocks 13.8 13.6 15.6 15.6 14.9 14.7 Marketings 217.4 222.1 225.3 225.2 227.0 226.6 Imports 6.9 6.8 6.4 6.5 6.5 6.5 Total Cml. Supply 238.1 242.5 247.4 247.3 248.5 247.9 Fat Basis Use Commercial Exports 9.1 9.3 11.9 11.8 11.4 11.5 Ending Commercial Stocks 13.6 15.6 14.9 14.7 14.7 14.5 CCC Donations 0.2 0.3 0.0 0.0 0.0 0.0 Domestic Commercial Use 215.2 217.4 220.6 220.9 222.3 221.8 Skim -solid Basis Supply Beg. Commercial Stocks 10.7 10.2 10.9 10.9 11.0 10.9 Marketings 217.4 222.1 225.3 225.2 227.0 226.6 Imports 5.8 5.6 5.7 5.7 5.5 5.5 Total Cml. Supply 233.9 237.9 241.9 241.7 243.5 243.0 Skim -solid Basis Use Commercial Exports 41.5 47.2 51.4 51.5 51.8 52.0 Ending Commercial Stocks 10.2 10.9 11.0 10.9 10.9 10.9 CCC Donations 0.2 0.1 0.0 0.0 0.0 0.0 Domestic Commercial Use 182.0 179.7 179.5 179.3 180.8 180.1 Total CCC Donations include purchases made through the USDA Trade Mitigation program. They do not include products purchased under other programs. Dairy domestic commercial use for 2020 includes additional milk marketed but not processed. Note: Totals may not add due to rounding. December 2021 WASDE - 619 - 34 U.S. Dairy Prices Commodity 2019 2020 2021 Proj. 2021 Proj. 2022 Proj. 2022 Proj. Nov Dec Nov Dec Product Prices 1/ Dollars Per Pound Cheese 1.7586 1.9236 1.670 1.675 1.765 1.775 Butter 2.2431 1.5808 1.720 1.730 1.910 1.940 Nonfat Dry Milk 1.0419 1.0417 1.270 1.270 1.485 1.510 Dry Whey 0.3799 0.3621 0.570 0.575 0.530 0.575 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 16.96 18.16 16.95 17.05 17.75 18.15 Class IV 16.30 13.49 16.00 16.05 18.70 19.00 All Milk 3/ 18.65 18.24 18.50 18.60 20.25 20.75 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated pla nts for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . December 2021 WASDE - 619 - 35 Reliability of December Projections 1/ Note: Tables on pages 35 -37 present a record of the December projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0.8 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 1.3 percent. The average differen ce between the December projection and the final estimate is 3.7 million tons, ranging from 0.4 million to 10.2 million tons. The December projection has been below the estimate 29 times and above 11 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 0.8 1.3 3.7 0.4 10.2 29 11 U.S. 0.4 0.7 0.2 0.0 1.2 20 14 Foreign 0.9 1.5 3.7 0.3 10.3 29 11 Exports World 5.2 8.8 5.6 0.1 18.3 32 8 U.S. 5.7 9.7 1.5 0.2 3.9 21 19 Foreign 6.4 10.8 5.5 0.5 17.9 35 5 Domestic Use World 1.3 2.2 6.0 0.1 24.4 22 18 U.S. 5.8 9.8 1.5 0.1 3.6 10 30 Foreign 1.4 2.3 6.0 0.1 24.6 26 14 Ending Stocks World 5.7 9.6 7.6 0.9 28.6 29 11 U.S. 10.4 17.7 1.8 0.1 7.0 27 13 Foreign 5.8 9.8 6.4 0.4 28.1 28 12 COARSE GRAINS 2/ Production World 1.4 2.4 12.6 0.0 36.0 29 11 U.S. 1.3 2.3 2.6 0.0 9.9 19 21 Foreign 2.0 3.5 12.6 0.3 37.5 28 12 Exports World 6.6 11.2 6.4 0.1 33.3 29 11 U.S. 15.1 25.7 5.4 0.1 12.8 19 21 Foreign 11.7 19.9 7.0 0.0 27.1 26 13 Domestic Use World 1.2 2.1 10.1 0.3 36.5 24 16 U.S. 3.5 5.9 4.8 0.1 17.9 17 23 Foreign 1.5 2.5 9.7 0.3 36.9 26 14 Ending Stocks World 11.0 18.7 14.8 0.2 137.6 33 7 U.S. 19.4 32.9 7.4 0.7 23.9 21 19 Foreign 14.3 24.3 13.5 0.1 143.9 32 8 RICE, milled Production World 1.9 3.3 5.7 0.0 16.2 32 8 U.S. 2.8 4.8 0.1 0.0 0.5 20 15 Foreign 2.0 3.3 5.7 0.1 16.2 33 7 Exports World 9.2 15.6 1.9 0.1 6.1 30 10 U.S. 7.8 13.3 0.2 0.0 0.6 19 19 Foreign 10.3 17.5 1.9 0.0 6.0 28 12 Domestic Use World 1.5 2.6 3.6 0.0 15.9 28 12 U.S. 7.8 13.3 0.2 0.0 0.6 21 19 Foreign 1.5 2.6 3.5 0.0 16.1 28 12 Ending Stocks World 10.5 17.8 5.7 0.1 27.9 33 7 U.S. 21.1 35.8 0.2 0.0 0.8 21 19 Foreign 10.8 18.2 5.8 0.2 27.7 33 7 1/ Footnotes at end of table. CONTINUED December 2021 WASDE - 619 - 36 Reliability of December Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 3.7 6.3 5.5 0.1 23.8 22 18 U.S. 2.0 3.4 1.1 0.1 4.7 17 23 Foreign 6.1 10.3 5.4 0.1 25.1 19 21 Exports World 6.8 11.6 3.5 0.1 15.5 24 16 U.S. 9.0 15.2 2.2 0.1 6.4 23 17 Foreign 17.2 29.1 3.3 0.0 18.2 20 20 Domestic Use World 2.7 4.6 4.0 0.0 13.2 21 19 U.S. 3.5 5.9 1.3 0.0 3.6 26 14 Foreign 3.3 5.5 3.7 0.2 11.9 22 18 Ending Stocks World 15.2 25.8 4.6 0.1 18.5 23 17 U.S. 43.4 73.7 2.1 0.2 7.3 12 28 Foreign 16.7 28.4 4.1 0.1 18.3 24 16 COTTON Million 480 -Pound Bales Production World 3.1 5.3 2.3 0.0 7.2 23 16 U.S. 2.5 4.2 0.3 0.0 1.3 18 21 Foreign 3.7 6.2 2.2 0.0 7.1 22 17 Exports World 7.2 12.1 2.0 0.1 9.0 24 16 U.S. 13.5 22.9 0.9 0.0 3.0 25 15 Foreign 9.1 15.5 1.5 0.0 8.3 21 18 Domestic Use World 4.0 6.8 2.7 0.1 18.2 20 20 U.S. 8.7 14.8 0.3 0.0 1.0 19 20 Foreign 4.0 6.8 2.6 0.1 17.4 22 18 Ending Stocks World 11.4 19.3 4.8 0.5 19.3 23 17 U.S. 30.3 51.5 1.1 0.1 3.2 12 28 Foreign 11.9 20.2 4.5 0.1 17.5 27 13 1/ Marketing years 1981/82 through 2020/21 for grains, soybeans (U.S. only), and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2019/20, and for 2020/21 the last mo nth’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. December 2021 WASDE - 619 - 37 Reliability of United States December Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 1.4 2.3 96 0 396 19 20 Exports 15.8 26.8 194 9 513 18 22 Domestic Use 3.7 6.2 181 14 574 22 18 Ending Stocks 22.1 37.5 288 16 986 21 19 SORGHUM Production 4.1 7.0 14 1 53 21 19 Exports 18.5 31.4 29 0 123 26 13 Domestic Use 20.2 34.3 36 0 127 17 22 Ending Stocks 46.6 79.1 24 1 104 15 25 BARLEY Production 1.6 2.7 4 0 24 18 10 Exports 30.5 51.7 8 0 37 15 21 Domestic Use 7.5 12.7 16 0 70 15 24 Ending Stocks 13.3 22.5 13 0 39 27 11 OATS Production 1.1 1.9 2 0 18 8 9 Exports 70.3 119.4 1 0 7 10 10 Domestic Use 5.3 9.0 11 1 39 15 25 Ending Stocks 19.8 33.7 13 1 52 26 14 SOYBEAN MEAL Thousand Short Tons Production 3.5 5.9 1,057 152 3,117 24 16 Exports 11.0 18.6 719 100 2,850 23 17 Domestic Use 3.2 5.4 692 50 2,293 21 19 Ending Stocks 33.3 56.6 63 0 253 16 22 SOYBEAN OIL Million Pounds Production 3.4 5.8 459 43 1,530 27 13 Exports 28.3 48.1 360 0 1,325 21 17 Domestic Use 3.7 6.3 467 25 1,761 25 15 Ending Stocks 21.3 36.2 298 1 1,051 25 15 ANIMAL PROD. Million Pounds Beef 3.5 5.9 709 9 2,311 27 12 Pork 3.2 5.4 434 20 1,592 21 18 Broilers 1.7 2.9 392 1 1,346 23 16 Turkeys 2.9 5.0 122 2 407 21 18 Million Dozen Eggs 1.9 3.3 109 3 515 26 13 Billion Pounds Milk 1.5 2.6 1.8 0.1 6.1 22 17 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2020/21 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate followin g the marketing year for 1981/82 through 2020/21. Calendar years 1982 through 2020 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2020. WASDE- 619-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. IPAD is located at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 Register at usda.gov/oce/ag-outlook-forum 8:00 a.m. Welcome 8:10 a.m. 2022 Agricultural Economic & Foreign Trade Outlook—Chief Economist Seth Meyer 8:45 a.m. Secretary of Agriculture 9:45-11:45 a.m. Plenary Session 12:00-12:45 p.m. Lunchtime Address Concurrent Sessions Food Price & Farm Income OutlooksU.S. Trade & the Global MarketplaceSupply Chain ResilienceClimate Mitigation & AdaptationFrontiers in Ag Production & Technology 1:30–3:00 p.m.The U.S. Food Price OutlookU.S. Ag Trade Agenda and OutlookEffects of Shipping Disruptions on U.S. AgricultureBuilding Resilience through Extreme Event PreparednessNew Opportunities in the Biobased Economy 3:00–3:30 p.m. Break 3:30–5:00 p.m.U.S. Farm Income Forecast and the State of the Farm EconomyChina: Factors Upholding a High Agricultural Import DemandBuffering the Supply Chain from Shocks: Transforming Climate Science into ActionAssessing and Managing Production Risk: From Climate Models to Field OperationsEquity & Inclusion Addressing the Heirs’ Property Challenge in Land Ownership and SuccessionThursday, February 24 8:30-9:45 a.m. Morning Session Concurrent Sessions Commodity OutlookCommodity OutlookSupply Chain ResilienceClimate Mitigation & AdaptationFrontiers in Ag Production & Technology 10:00–11:30 a.m.Grains and OilseedsOutlookSugar OutlookLeveraging Data to Build Resilient Local and Regional Food SystemsReturns on Investment in Soil HealthProductivity Growth: Trends, Drivers, and Impacts Guest industry speaker 11:30 a.m.–12:15 p.m. 11:30 a.m.– 1:00 p.m.• 11:30 a.m.–12:45 p.m. Data visualization at USDA • 12:00–12:45 p.m. Lunch speaker on biostimulants• 11:30 a.m.–12:45 p.m. Lightning talks on productivity and innovation Commodity OutlookCommodity OutlookFood Safety and Nutrition Climate Mitigation and AdaptationFrontiers in Ag Production & Technology 1:00–2:30 p.m. Cotton Outlook Livestock and Poultry OutlookDefinitions and Truth in Food LabelingTrends in Conservation Practices to Reduce Greenhouse Gas EmissionsClimate-smart Innovations to Improve Food Security 3:00–4:30 p.m. Dairy Outlook Organic Outlook Thrifty Food PlanEquity & InclusionAdvances and Innovations in Forest Restorations to Combat Wildfire CrisisRural Mental Health AdjournFriday, February 25 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ Click to receive WASDE -related notifications by email Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at [email protected] World Agricultural Supply and Demand Estimates WASDE -619 – December 9, 2021 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 603 Approved by the World Agricultural Outlook Board August 12, 2020 NOTE: The U.S. production forecasts in this report are based on conditions as of August 1. Any potential impacts from severe weather that occurred after August 1 will be reflected in future reports. WHEAT: The outlook for 2020/21 U.S. wheat this month is for increased production offset by lower imports, higher exports, and lower ending stocks. U.S. wheat production is raised 14 million bushels to 1,838 million as increased Hard Red Spring (HRS) and Durum production more than offsets lower winter wheat production as indicated by the NASS August 12 Crop Production report. Imports are lowered 10 million bushels this month to 130 million on the larger HRS supplies. Estimated food use for 2019/20 is lowered fractionally to 962 million bushels , based on the latest NASS Flour Milling Products report. Food use for the 2020/21 market year is lowered 4 million bushels to 960 million as food consumed away from home is expected to remain lower than last year due to the impact of COVID -19. Projected 2020/21 exports are raised 25 million bushels to 975 million on lower production for several key competitors, most notably the EU. With offsetting supply changes and increased use, ending stocks are lowered 17 million bushels to 925 million. If realized, these will be the lowest wheat ending stocks in 6 years. However, the se ason- average farm price is decreased $0.10 per bushel to $4.50 on lower U.S. corn prices and reduced wheat price expectations for the remainder of the market year. Foreign 2020/21 wheat production is lowered 3.7 million tons led by a 4.0- million- ton reduction for the EU, and 1.0- million- ton reductions each for Kazakhstan and Turkey. These changes are partially offset by a 1.5-million -ton production increase for Russia and a 1.1-million -ton increase for Brazil. The production changes are based on updated harvest results and government estimates. Global beginning stocks are raised 3.8 million tons, reflecting several mostly offsetting changes as well as a 3.5 million ton increase for the EU, which is based on multi -year revisions to both use and stocks. Foreign consumption is lowered 1.3 million tons, led by a 1.0- million- ton reduction for EU feed and residual use based on the smaller crop. Global exports are lowered fractionally with several offsetting changes including a 1.5- million- ton cut for the EU , and a 0.8-million- ton reduction for Kazakhstan, both on reduced production. These are offset by a 1.5-million- ton export increase for Russia, based on increased supplies, and a 0.7-million -ton increase for the United States. With global use down more than supplies, world ending stocks are revised 2.0- million- tons higher to a record 316.8 million tons. COARSE GRAINS: This month’s 2020/21 U.S. corn outlook is for larger supplies, greater feed and residual use, increased exports, and higher ending stocks. Corn production is forecast at 15.3 billion bushels, up 278 million from the July projection. The season’s first survey -based corn yield forecast, at a record 181.8 bushels per acre, is 3.3 bushels higher than last month’s trend- based projection. Today’s Crop Production report indicates that Illinois, Indiana, Iowa, Missouri, Nebraska, and Ohio are forecast to have yields above a year ago, with record- high yields expected for Minnesota and South Dakota. Feed and residual use is raised based mostly on a larger crop and lower expected prices. Exports are higher reflecting U.S. export competitiveness and relatively low world market prices. With supply rising more than use, ending WASDE- 603-2 stocks are raised 108 million bushels to 2.8 billion. The season- average corn price received by producers is lowered 25 cents to $3.10 per bushel. Sorghum production is forecast 44 million bushels higher with the yield 9.1 bushels per acre above last month’s historical median yield. Sorghum exports are raised reflecting an increase in the expected amount of shipments to China. This month’s 2020/21 foreign coarse grain outlook is for lower production, slightly higher trade, and reduced stocks relative to last month. EU corn production is lowered, mostly reflecting reductions for Romania and France that are partially offset by increases for several countries including Poland, Italy, and Hungary. Ukraine corn production is forecast higher, largely reflecting higher expected area. Other notable corn production changes include projected increases for Mozambique and Malawi, with reductions for Canada and Thailand. Barley production is lowered for the EU, Kazakhstan, Argentina, and Ukraine. Major global coarse grain trade changes for 2020/21 include corn export increases for the United States, Ukraine, and Burma. Corn imports are raised for the EU, Canada, and Thailand, but reduced for India. Sorghum exports are raised for the United States and Argentina, with higher imports forecast for China. Foreign corn ending stocks are slightly lower relative to last month, reflecting an increase for Indonesia that is more than offset by declines for Canada and India. RICE : The outlook for U.S. rice in 2020/21 this month is for lower supplies, unchanged domestic and residual use, reduced exports, and higher ending stocks. Supplies are reduced as lower production is only partially offset by increased beginning stocks and imports. The initial survey - based production forecast for the 2020/21 crop year reduced production from the previous forecast by 2.6 million cwt to 218.1 million, all on lower yields. The average all rice yield is forecast at 7,600 pounds per acre, down 89 pounds from the prior forecast but up from last year’s 7,471 pounds. Long- grain production is forecast at 159.1 million cwt and combined medium - and short -grain production is forecast at 59.0 million. Projected all rice imports are raised 1.4 million cwt to 36.0 million as the robust import pace seen in 2019/20 marketing year is expected to moderate only slightly in 2020/21. Imports for 2019/20 are forecast at a record 36.7 million cwt as they are also raised this month on continued large Asian shipments. All rice exports for 2020/21 are lowered 1.0 million cwt to 97.0 million with all of the reduction for long- grain on continued South American competition in Western Hemisphere markets. Projected ending stocks are raised to 44.3 million cwt, up 0.5 million from last month and 44 percent higher than last year. The 2020/21 all rice season- average farm price is unchanged at $12.70 per cwt, compared to last year’s $13.10. The 2020/21 global outlook is for smaller supplies, lower consumption and trade, and reduced stocks. Rice supplies are lowered 2.6 million tons to 681.7 million, primarily on reduced production forecasts for China, Thailand, and Vietnam. China’s production is lowered 2.0 million tons to 147.0 million on record rainfall in the Yangtze River Valley during June and July causing severe flooding and reducing harvested area. Production for Thailand and Vietnam is reduced on decreased irrigation availability with low reservoir and river levels. Despite these reductions, 2020/21 world production remains record- high at 500.0 million tons. Global consumption is reduced by 1.9 million tons to 496.5 million, still a record, primarily on reductions for China, Brazil, and Nigeria. World trade is decreased 0.6 million tons to 44.3 million tons, mainly on export reductions for Thailand and China but remains well above last year’s 41.5 million. Projected 2020/21 world ending stocks are lowered 0.6 million tons to 185.2 million, still a record, with China and India accounting for 63 and 21 percent of the total, respectively. WASDE- 603-3 OILSEEDS: U.S. soybean supply and use changes for 2020/21 include lower beginning stocks and higher production, crush, exports, and ending stocks. Beginning stocks are reduced on a small increase in 2019/20 soybean crush. Soybean production is forecast at 4.425 billion bushels, up 290 million on higher yields. Harvested area is forecast at 83.0 million acres, unchanged from the July projection. The first survey -based soybean yield forecast of 53.3 bushels per acre is raised 3.5 bushels from last month and is 5.9 bushels above last year’s level. Soybean supplies for 2020/21 are projected at a record 5.1 billion bushels, up 13 percent from last year. U.S. soybean exports are raised 75 million bushels to 2.13 billion on increased global import demand, increased supplies, and lower prices. Soybean crush is also raised, mainly reflecting increased soybean meal exports. Soybean ending stocks are projected at 610 million bushels, up 185 million from last month. The U.S. season- average soybean price for 2020/21 is forecast at $8.35 per bushel, down 15 cents from last month. The soybean meal price is forecast at $290 per short ton, down 10 dollars. The soybean oil price is forecast at 30.0 cents per pound, up 1 cent. The 2020/21 global oilseed supply and demand forecasts include higher production, higher use, and lower ending stocks. Partly offsetting higher U.S. production, foreign oilseed production is reduced 1.7 million tons to 479.6 million, mainly on lower rapeseed and sunflowerseed crops. Rapeseed production is lowered for Ukraine and Kazakhstan while sunflowerseed production is lowered for Russia, Kazakhstan, and Moldova. Global 2020/21 soybean trade is raised 3.9 million tons, with higher exports for Brazil, Argentina, and the United States. This is parallel to higher imports for China, Thailand, Argentina, Egypt, and India. Soybean crush for China is raised 3.0 million tons to 98.0 million in 2020/21, but soybean meal equivalent (SME) protein growth is unchanged from last month at 5 percent due to oilseed meal consumption changes in the prior year. With higher global soybean production mostly offset by higher use, mainly in China, global ending stocks are increased 0.3 million tons to 95.4 million. Other notable changes include higher 2020/21 peanut production for India on the rapid planting pace and higher 2019/20 Malaysian palm oil production on recent monthly output strength. SUGAR: U.S. sugar supply for 2020/21 is increased by 131,777 short tons, raw value (STRV) to 1.4053 million. Beet production is increased 198,840 STRV on increases in forecasts made by NASS for crop yields in sugarbeet -producing States. Cane sugar production in Florida is increased by 30,000 STRV based on processors’ forecasts published in Sweetener Market Data. Cane sugar production in Texas is decreased by 54,000 STRV to 81,000 on the NASS forecast of the cane yield decreasing to 21.9 tons/acre as a result of Hurricane Hanna. Imports for 2020/21 are lowered slightly, mostly on FTA sugar allocated for the 2020 calendar year entering the United States earlier in 2019/20 than forecast last month. Beginning stocks are reduced by 28,281 STRV on lower 2019/20 beet sugar production and lower imports stemming mostly from a 50,000- STRV reduction in estimated high-tier tariff imports. With no use changes, ending stocks increase to 1.788 million STRV for an ending stocks -to-use ratio of 14.6 per cent. Mexico sugar supply for 2020/21 is reduced by 221,680 metric tons (MT) to 6.896 million. Production for 2020/21 is reduced 100,000 MT to 6.0 million based on reports of long-term drought effects on sugarcane planted area. Beginning stocks are 121,680 MT lower based on an increase in 2019/20 deliveries from an unexpected jump in the pace over that estimated last month. Ending stocks for 2019/20 now represent about 2.2 months of expected use in 2020/21, down from the usual policy target of 2.5 mont hs. For 2020/21 ending stocks are still projected at 2.5 months of anticipated use in the following year. Exports to non- U.S. destinations are projected to absorb all of the reduction in 2020/21 supply. WASDE- 603-4 LIVESTOCK, POULTRY, AND DAIRY : The 2020 forecast for total meat production is lowered slightly from last month as decreases in pork production more than offset higher beef and poultry production. Higher beef production largely reflects a faster pace of steer and heifer slaughter. The pork production forecast is reduced on a slower expected pace of slaughter in the third quarter and lighter carcass weights for the year. Broiler and turkey production reflect June production data; no changes are made to forecasts for the outlying quarters. The 2020 egg production forecast is raised on hatchery data. For 2021, the red meat and poultry production forecast is unchanged from the previous month on offsetting changes in beef and broiler production. The 2021 beef production forecast is reduced from the previous month as lower expected placements in the first half of the year will be reflected in lower forecast slaughter in the second half of 2021. The 2021 broiler production forecast is raised from last month on lower feed costs. Pork and turkey production forecasts are unchanged. The egg production forecast is raised from last month. For 2020, beef imports are raised on recent trade data and firm demand for imported processing grade beef. The beef import forecast for 2021 is also raised. The 2020 beef export forecast is decreased slightly on recent trade data. The 2020 pork trade forecast is adjusted to reflect June trade data; no changes are made to the 2021 forecasts. The 2020 broiler export forecast is reduced on recent trade data and continued slow import demand from a number of trading partners. The 2020 turkey export forecast is adjusted to reflect June data; the 2021 forecast is unchanged. Fed cattle prices for 2020 are raised from last month on current price strength. The fir st-quarter 2021 fed cattle price forecast is raised, but the annual forecast is unchanged from last month. The 2020 hog price forecast is lowered on recent price pressure, but the 2021 price forecast is unchanged. The broiler price forecast for 2020 is raised fractionally on a higher forecast third- quarter price. Forecasts for 2021 are unchanged. The third -quarter turkey price forecast for 2020 is raised; no change is made to the 2021 turkey price forecast. The 2020 egg price forecast is reduced on recent price weakness and supply pressure. Egg price forecasts for 2021 are also reduced as large supplies are expected to weigh on the market. The milk production forecast for 2020 is raised from last month as higher expected growth in milk per cow more than offsets slightly lower dairy cow numbers. The fat basis import forecast is raised from last month on continued strong demand for imported butter. The fat basis export forecast is raised on increased shipments of cheese and butterfat products. The sk im-solids basis import forecast is lowered on recent trade data and lower expected imports of cheese and a number of other dairy products. The skim -solids basis export forecast is raised primarily on higher exports of dry skim milk products. Cheese, butter, and nonfat dry milk (NDM) price forecasts are reduced from last month. The whey price forecast is unchanged. The Class III price forecast is reduced on lower cheese prices, while the Class IV price forecast is reduced on lower butter and NDM price forecasts. The all milk price forecast is lowered to $17.95 per cwt. For 2021, the milk production forecast is reduced on slower growth in cow numbers. The fat basis import forecast is unchanged from the previous month, while the fat basis export forecast is raised on more competitive cheese and butter prices. The skim- solids basis import forecast is unchanged, but the export forecast is raised on continued strong international import demand for skim milk powder. Price forecasts for cheese and butter are lowered from the previous month, while the whey forecast is increased. The NDM price forecast is unchanged. The Class III price forecast is reduced as the lower cheese price more than offsets the higher whey price forecast. WASDE- 603-5 The Class IV price forecast is reduced on a lower butter price forecast. The all milk price forecast is unchanged at $17.05 per cwt for 2021. COTTON : This month’s 2020/21 U.S. cotton outlook includes higher beginning stocks, production, and ending stocks, and a decline in consumption. Production for the 2020 crop is raised 3 percent to 18.1 million bales, on NASS’s first survey -based production forecast. The survey indicates lower harvested area and higher yield compared with last month’s expectations. Abandonment is expected to rise to 24 percent— compared with 16 percent in 2019. With reduced harvested area in the Southwest, U.S. yield is projected at a record 938 pounds/acre, 14 percent higher than in 2019. Beginning stocks are raised 100,000 bales as lower than expected 2019/ 20 U.S. mill use offsets an upward revision in exports. Expected 2020/21 mill use is reduced 100,000 bales, while ending stocks are 800,000 bales higher. The season- average price for upland cotton is forecast at 59 cents per pound, unchanged from the previous month. This month’s 2020/21 world cotton outlook includes higher production, and ending stocks, but lower beginning stocks, consumption and trade. World production is 1.3 million bales higher as lower production in Mali and Greece is more than offset by increases for India, the United States, and Australia. Expected 2020/21 world consumption is 1.2 million bales lower this month, with declines in India, China, Pakistan, Brazil, and Indonesia offsetting gains for Bangladesh and Turkey. Imports are projected lower in Pakistan, Indonesia, and India, and higher in Bangladesh, Turkey, and Malaysia. This month, 2020/21 world ending stocks are projected 2.1 million bales higher than the previous month and 4.4 million bales higher than in 2019/20. Approved by the Secretary of Agriculture and t he Chairman of the World Agricultural Outlook Board, Mark Jekanowski , (202) 720- 6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: STEPHEN CENSKY SECRETARY OF AGRICULTURE DESIGNATE WASDE- 603-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers, ICEC Chair, WAOB, [email protected] Jennifer Bond, ERS; Andrew Sowell, FAS; Pete Riley, FPAC. Rice: William Chambers, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS; Vidalina Abadam, FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Tom Capehart, ERS; Yoonhee Macke, FAS; Sharon Raszap, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Mark Ash, ERS; Bill George, FAS; Gustavo Ferreira , FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; James Johnson, FAS; Kent Lanclos , FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Michael McConnell, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Lindsay Kuberka, FAS; Georgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICE C Chair, WAOB, [email protected] Peyton Ferrier, AMS; Kim Ha, ERS; Claire Mezoughem, FAS ; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS ; Georgi Gabr ielyan, FPAC. In 2020, the WASDE report will be released on Sep 11, Oct 9, Nov 10, and Dec 10. WASDE- 603-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Production .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 August 2020 WASDE - 603 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2018/19 2624.98 3447.96 429.34 2639.91 808.06 2019 /20 (Est.) 2665.56 3473.62 438.28 2650.00 823.62 filler filler filler filler filler 2020/21 (Proj.) Jul 2730.34 3550.92 450.93 2703.70 847.22 2020/21 (Proj.) Aug 2730.77 3554.40 453.27 2704.11 850.29 filler filler filler filler filler Whea t 2018/19 730.96 1019.16 173.61 735.22 283.94 2019/20 (Est.) 764.11 1048.06 190.02 747.15 300.91 filler filler filler filler filler 2020/21 (Proj.) Jul 769.31 1066.43 188.04 751.59 314.84 2020/21 (Proj.) Aug 766.03 1066.94 187.99 750.14 316.79 filler filler filler filler filler Coarse Grains 5/ 2018/19 1397.34 1768.02 212.00 1420.70 347.32 2019/20 (Est.) 1405.72 1753.03 206.82 1411.98 341.05 filler filler filler filler filler 2020/21 (Proj.) Jul 1458.40 1800.19 218.01 1453.64 346.55 2020/21 (Proj.) Aug 1464.70 1805.74 221.02 1457.44 348.31 filler filler filler filler filler Rice, milled 2018/19 496.68 660.78 43.72 483.98 176.80 2019/20 (Est.) 495.73 672.53 41.45 490.86 181.67 filler filler filler filler filler 2020/21 (Proj.) Jul 502.63 684.30 44.89 498.47 185.83 2020/21 (Proj.) Aug 500.05 681.72 44.26 496.53 185.19 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2018/19 436.32 532.30 83.45 357.57 91.28 2019/20 (Est.) 417.42 515.91 80.30 346.56 89.05 filler filler filler filler filler 2020/21 (Proj.) Jul 450.91 548.08 89.31 361.44 97.33 2020/21 (Proj.) Aug 459.52 555.98 92.88 363.34 99.76 filler filler filler filler filler Wheat 2018/19 51.31 84.88 25.50 29.99 29.39 2019/20 (Est.) 52.26 84.50 26.28 29.82 28.41 filler filler filler filler filler 2020/21 (Proj.) Jul 49.63 81.85 25.86 30.35 25.65 2020/21 (Proj.) Aug 50.01 81.96 26.54 30.24 25.19 filler filler filler filler filler Coarse Grains 5/ 2018/19 377.91 438.46 54.97 323.02 60.47 2019/20 (Est.) 359.30 422.96 51.09 312.20 59.67 filler filler filler filler filler 2020/21 (Proj.) Jul 394.27 457.17 60.34 326.54 70.29 2020/21 (Proj.) Aug 402.59 464.98 63.27 328.55 73.16 filler filler filler filler filler Rice, milled 2018/19 7.11 8.96 2.97 4.57 1.42 2019/20 (Est.) 5.86 8.45 2.94 4.54 0.98 filler filler filler filler filler 2020/21 (Proj.) Jul 7.01 9.06 3.11 4.56 1.39 2020/21 (Proj.) Aug 6.93 9.04 3.08 4.56 1.41 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3 / Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). August 2020 WASDE - 603 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2018/19 2,188.66 2,915.67 345.89 2,282. 34 716.78 2019/20 (Est.) 2,248.14 2,957.71 357.98 2,303.44 734.57 filler filler filler filler filler 2020/21 (Proj.) Jul 2,279.44 3,002.84 361.62 2,342.26 749.89 2020/21 (Proj.) Aug 2,271.25 2,998.42 360.39 2,340.77 750.53 filler filler filler filler filler Wheat 2018/19 679.65 934.28 148.11 705.23 254.56 2019/20 (Est.) 711.86 963.55 163.74 717.33 272.50 filler filler filler filler filler 2020/21 (Proj.) Jul 719.68 984.58 162.18 721.25 289.19 2020/21 (Proj.) Aug 716.02 984.98 161.45 719.91 291.61 filler filler filler filler filler Coarse Grains 5/ 2018/19 1,019.44 1,329.56 157.03 1,097.69 286.85 2019/20 (Est.) 1,046.42 1,330.07 155.73 1,099.78 281.38 filler filler filler filler filler 2020/21 (Pro j.) Jul 1,064.13 1,343.02 157.66 1,127.10 276.26 2020/21 (Proj.) Aug 1,062.11 1,340.77 157.75 1,128.89 275.14 filler filler filler filler filler Rice, milled 2018/19 489.57 651.82 40.75 479.42 175.38 2019/20 (Est.) 489.87 664.08 38.51 486.32 180.69 filler filler filler filler filler 2020/21 (Proj.) Jul 495.62 675.24 41.78 493.91 184.44 2020/21 (Proj.) Aug 493.12 672.67 41.18 491.97 183.78 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on ex port estima te. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2018/19 118.65 199.58 41.40 120.18 80.23 2019/20 (Est.) 122.99 203.22 40.28 102.40 100.56 filler filler filler filler filler 2020/21 (Proj.) Jul 116.25 217.16 41.81 114.29 102.77 2020/21 (Proj.) Aug 117.53 218.09 41.59 113.05 104.91 filler filler filler filler filler United States 2018/19 18.37 22.57 14.84 2.98 4.85 2019/20 (Est. ) 19.91 24.77 15.40 2.20 7.20 filler filler filler filler filler 2020/21 (Proj.) Jul 17.50 24.61 15.00 2.80 6.80 2020/21 (Proj.) Aug 18.08 25.28 15.00 2.70 7.60 filler filler filler filler filler Foreign 4/ 2018/19 100.29 177.01 26.56 117.20 75.38 2019/20 (Est.) 103.08 178.45 24.88 100.20 93.36 filler filler filler filler filler 2020/21 (Proj.) Jul 98.75 192.56 26.81 111.49 95.97 2020/21 (Proj.) Aug 99.45 192.80 26.59 110.35 97.31 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. August 2020 WASDE - 603 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2018/19 599.76 716.70 170.38 488.36 131.69 2019/20 (Est.) 577.20 708.89 189.62 504.63 110.91 filler filler filler filler filler 2020/21 (Proj.) Jul 604.20 719.17 185.43 510.82 109.40 2020/21 (Proj.) Aug 610.42 721.33 188.54 514.96 108.28 filler filler filler filler filler Oilmeals 2018/19 332.62 349.67 93.72 328.88 14.98 2019/20 (Est.) 344.16 359.14 94.84 341.22 12.80 filler filler filler filler filler 2020/21 (Proj.) Jul 349.43 362.46 94.24 346.23 12.51 2020/21 (Proj.) Aug 352.72 365.52 94.33 350.07 12.01 filler filler filler filler filler Vegetable Oi ls 2018/19 203.44 226.60 85.67 200.24 21.95 2019/20 (Est.) 205.98 227.93 85.30 200.97 22.08 filler filler filler filler filler 2020/21 (Proj.) Jul 208.86 230.53 86.34 206.03 20.26 2020/21 (Proj.) Aug 209.89 231.97 86.74 206.95 20.54 filler filler filler filler filler United States Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2018/19 130.72 145.66 48.82 61.03 26.54 2019/20 (Est.) 107.00 134.73 46.18 62.96 18.42 filler filler filler filler filler 2020/21 (Proj.) Jul 122.85 142.59 56.94 63.00 13.10 2020/21 (Proj.) Aug 130.79 150.38 58.98 63.56 18.22 filler filler filler filler filler Oilmeals 2018/19 46.52 51.02 12.50 38.10 0.42 2019/20 (Est.) 48.57 53.19 12.69 40.11 0.40 filler filler filler filler filler 2020/21 (Proj.) Jul 48.66 52.90 12.33 40.14 0.42 2020/21 (Proj.) Aug 49.07 53.31 12.55 40.34 0.42 filler filler filler filler filler Vegetable Oils 2018/19 12.20 18.14 1.09 15.88 1.16 2019/20 (Est.) 12.57 18.72 1.51 15.90 1.31 filler filler filler filler filler 2020/21 (Proj.) Jul 12.68 18.95 1.30 16.36 1.29 2020/21 (Proj.) Aug 12.80 19.08 1.39 16.38 1.31 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2018/19 469.05 571.04 121.56 427.33 105.15 2019/20 (Est.) 470.20 574.16 143.44 441.67 92.49 filler filler filler filler filler 2020/21 (Proj.) Jul 481.35 576.58 128.49 447.82 96.30 2020/21 (Proj.) Aug 479.64 570.95 129.56 451.41 90.06 filler filler filler filler filler Oilmeals 2018/19 286.10 298.65 81.23 290.78 14.56 2019/20 (Est.) 295.59 305.94 82.15 301.11 12.40 filler filler filler filler filler 2020/21 (Proj.) Jul 300.77 309.56 81.91 306.09 12.09 2020/21 (Proj.) Aug 303.65 312.20 81.79 309.72 11.58 filler filler filler filler filler Vegetable Oils 2018/19 191.24 208.46 84.58 184.36 20.79 2019/20 (Est.) 193.41 209.21 83.79 185.07 20.77 filler filler filler filler filler 2020/21 (Proj.) Jul 196.18 211.58 85.04 189.67 18.97 2020/21 (Proj.) Aug 197.09 212.88 85.35 190.57 19.23 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush onl y for oilse eds. 3/ Total Foreign is equal to World minus United States. August 2020 WASDE - 603 - 11 U.S. Wheat Supply and Use 1/ 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Jul Aug Million Acre s Area Pl anted 47.8 45.2 44.3 44.3 Area Harvested 39.6 37.2 36.7 36.7 Bushels Yield per Harvested Acre 47.6 51.7 49.7 50.1 Million Bushels Beginning Stocks 1,099 1,080 1,044 1,044 Production 1,885 1,920 1,824 1,838 Imports 135 105 140 130 Supply, Total 3,119 3,105 3,007 3,011 Food 955 962 964 960 Seed 59 61 61 61 Feed and Residual 88 73 90 90 Domestic, Total 1,102 1,096 1,115 1,111 Exports 937 965 950 975 Use, Total 2,039 2,061 2,065 2,086 Ending Stocks 1,080 1,044 942 925 Avg. Farm Pr ice ($/bu) 2/ 5.16 4.58 4.60 4.50 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2019/20 (Est.) Beginning Stocks 516 263 158 88 55 1,080 Production 833 522 239 272 54 1,920 Supply, Total 3/ 1,351 838 401 366 150 3,105 Domestic Use 454 289 204 84 65 1,096 Exports 376 268 92 187 42 965 Use, Total 830 558 296 271 107 2,061 Ending Stocks, Total 521 280 105 95 43 1,044 2020/21 (Proj.) Beginning Stocks 521 280 105 95 43 1,044 Production 695 530 277 274 62 1,838 Supply, Total 3/ 1,221 870 392 374 155 3,011 Domestic Use 426 307 199 90 89 1,111 Exports 405 270 90 180 30 975 Use, Total 831 577 289 270 119 2,086 Ending Stocks, Total Aug 390 293 103 104 36 925 Ending Stocks, Total Jul 423 270 103 105 40 942 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average pri ce received by farmers. 3/ Includes imports. August 2020 WASDE - 603 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Jul Aug Million Ac res Area Planted 99.9 100.5 103.6 * 103.6 Area Harvested 89.2 89.0 92.1 * 92.1 Metric Tons Yield per Harvested Acre 4.24 4.03 4.28 4.37 Million Metric Tons Beginning Stocks 57.9 60.5 60.2 59.6 Production 377.7 359.0 394.0 402.3 Imports 2.3 2.9 2.4 2.4 Supply, Total 437.9 422.4 456.6 464.4 Feed and Residual 142.9 146.6 152.3 154.3 Food, Seed & Industrial 179.6 165.1 173.7 173.7 Domestic, Total 322.5 311.7 326.0 328.0 Exports 55.0 51.1 60.3 63.3 Use, Total 377.5 362.7 386.3 391.2 Ending Stocks 60.5 59.6 70.3 73.1 CORN 2018/19 2019/20 E st. 2020/21 Proj. 2020/21 Proj. July August Million Acres Area Planted 88.9 89.7 92.0 * 92.0 Area Harvested 81.3 81.3 84.0 * 84.0 Bushels Yield per Harvested Acre 176.4 167.4 178.5 * 181.8 Million Bushels Beginning Stocks 2,140 2,221 2,248 2,228 Production 14,340 13,617 15,000 15,278 Imports 28 45 25 25 Supply, Total 16,509 15,883 17,273 17,531 Feed and Residual 5,429 5,600 5,850 5,925 Food, Seed & Ind ustrial 2/ 6,793 6,260 6,625 6,625 Ethanol & by -products 3/ 5,378 4,850 5,200 5,200 Domestic, Total 12,222 11,860 12,475 12,550 Exports 2,066 1,795 2,150 2,225 Use, Total 14,288 13,655 14,625 14,775 Ending Stocks 2,221 2,228 2,648 2,756 Avg. Farm Pri ce ($/bu) 4/ 3.61 3.60 3.35 3.10 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or acce ss the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by- products including distillers' grains, corn gluten feed, corn gluten meal, a nd corn oil . 4/ Marketing - year weighted average price received by farmers. * For July, planted and harvested acres reported in the June 30, 2020, "Acreage." The corn yield projection is based on a weather -adjusted trend assuming normal mid- May planting progress an d summer growing season weather, estimated using the 1988- 2019 time period, and includes a downward stochastic adjustment to account for the asymmetric response of yield to July precipitation. August 2020 WASDE - 603 - 13 U.S. S orghum, Barley, and Oats Supply and Use 1/ SORGHUM 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Jul Aug Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 5.7 5.3 5.6 * 5.6 Area Harvested (mi l. acres) 5.1 4.7 4.8 * 4.8 Yield (bushels/acre) 72.1 73.0 67.5 * 76.6 Beginning Stocks 35 64 30 30 Production 365 341 327 371 Imports 0 0 0 0 Supply, Total 400 405 357 401 Feed and Residual 138 90 70 70 Food, Seed & Industrial 106 75 45 45 Total Dome stic 244 165 115 115 Exports 93 210 220 260 Use, Total 336 375 335 375 Ending Stocks 64 30 22 26 Avg. Farm Price ($/bu) 2/ 3.26 3.25 3.35 3.10 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2018/19 2019/20 E st. 2020/21 Proj. 2020/21 Proj . July August Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.5 2.7 2.8 * 2.8 Area Harvested (mil. acres) 2.0 2.2 2.2 * 2.2 Yield (bushels/acre) 77.5 77.7 76.1 * 78.8 Beginning Stocks 94 87 80 80 Production 154 170 170 176 Imports 6 7 7 7 Supply, Total 254 263 257 263 Feed and Residual 15 41 25 30 Food, Seed & Industrial 148 136 143 143 Total Domestic 162 177 168 173 Exports 5 6 5 5 Use, Total 167 183 173 178 Ending Stocks 87 80 84 85 Avg. Farm Price ($/bu) 2/ 4.62 4.70 4.45 4.45 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2018/19 2019/20 E st. 2020/21 Proj. 2020/21 Proj. July August Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.7 2.8 3.1 * 3.1 Area Harvested (mil. acres) 0.9 0.8 1.0 * 1.0 Yield (bu shels/acre) 64.9 64.3 65.2 * 65.0 Beginning Stocks 41 38 37 37 Production 56 53 65 65 Imports 86 92 96 96 Supply, Total 184 183 198 198 Feed and Residual 66 63 75 75 Food, Seed & Industrial 78 81 79 79 Total Domestic 144 144 154 154 Exports 2 2 2 2 Use, Total 146 146 156 156 Ending Stocks 38 37 42 42 Avg. Farm Price ($/bu) 2/ 2.66 2.88 2.70 2.70 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for so rghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. * For July, sorghum planted and harvested acres reported in the June 30, 2020, "Acreage." The yield is the median yield for 1990- 2019. Barley and oats area planted, ar ea harvested, yield, and production as reported in the July 10, 2020, "Crop Production." August 2020 WASDE - 603 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL R ICE 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Jul Aug Million Acres Area Planted 2.95 2.54 2.92 * 2.92 Area Harvested 2.91 2.47 2.87 * 2.87 Fil ler Pounds Yield per Harvested Acre 7,692 7,471 7,689 * 7,600 Million Hundredweight Beginning Stocks 2/ 29.4 44.9 30.0 30.7 Production 223.8 184.7 220.7 218.1 Imports 29.0 36.7 34.6 36.0 Supply, Total 282.2 266.2 285.3 284.8 Domestic & Residual 3/ 143.8 143.0 143.5 143.5 Exports, Total 4/ 93.6 92.5 98.0 97.0 Rough 33.3 32.0 35.5 34.5 Milled (rough equiv.) 60.3 60.5 62.5 62.5 Use, Total 237.3 235.5 241.5 240.5 Ending Stocks 44.9 30.7 43.8 44.3 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 12.60 13.10 12.70 12.70 Total LONG -GRAIN RICE 2018/19 2019/20 E st. 2020/21 Proj. 2020/21 Proj. July August Harvested Acres (mil.) 2.18 1.73 Yield (pounds/acre) 7,517 7,261 Beginning Stocks 20.3 32.6 14.2 14.2 Production 163.6 125.6 161.8 159.1 Supply, Total 7/ 207.3 187.7 204.0 202.3 Domestic & Residual 3/ 108.5 108.5 109.0 109.0 Exports 8/ 66.2 65.0 70.0 69.0 Use, Total 174.7 173.5 179.0 178.0 Ending Stocks 32.6 14.2 25.0 24.3 Avg. Farm Price ($/cwt) 6/ 10.80 12.00 11.60 11.60 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2018/19 2019/20 E st. 2020/21 Proj. 2020/21 Proj. July August Harvested Acres (mil.) 0.73 0.74 Yield (pounds/acre) 8,209 7,960 Beginning Stocks 7.6 10.2 13.7 14.4 Production 60.3 59.1 58.9 59.0 Supply, Total 7/ 72.8 76.4 79.3 80.5 Domestic & Residual 3/ 35.3 34.5 34.5 34.5 Exports 8/ 27.3 27.5 28.0 28.0 Use, Total 62.6 62.0 62.5 62.5 Ending Stocks 10.2 14.4 16.8 18.0 Avg. Farm Pr ice ($/cwt) 1/ 6/ 9/ 18.50 16.30 16.10 16.10 California 10/ 21.10 18.50 18.30 18.30 Other States 1/ 12.30 11.70 11.50 11.50 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Include s the following quantities of broken kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2015/16 -2.9; 2016/17-3.5; 2017/18 -1.4. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes r ough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a pe rcent, i.e. , the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medi um/short- grain season -average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the aver age of NASS monthly prices and the final price may differ. For example, the average difference between the preliminary California SAFP forecast and the final price has averaged $1.00 per cwt from 2014/15 -2018/19, with a high of $3.50 per cwt in 2017/18 and a low of -$0.20 per cwt in 2015/16. 10/ Marketing year beginning October 1. * For July -- Planted and harvested area reported in June 30, 2020 "Acreage" report. Projected yield is based on by -class trend analysis and prospective planting. August 20 20 WASDE - 603 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Jul Aug Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 89.2 76.1 83.8 * 83.8 Area Harvested 87.6 75.0 83.0 * 83.0 Fil ler Bushels Yield per Harvested Acre 50.6 47.4 49.8 * 53.3 Million Bushels Beginning Stocks 438 909 620 615 Production 4,428 3,552 4,135 4,425 Imports 14 15 15 15 Supply, Tot al 4,880 4,476 4,770 5,055 Crushings 2,092 2,160 2,160 2,180 Exports 1,752 1,650 2,050 2,125 Seed 88 97 100 100 Residual 39 -46 35 40 Use, Total 3,971 3,862 4,345 4,445 Ending Stocks 909 615 425 610 Avg. Farm Price ($/bu) 2/ 8.48 8.55 8.50 8.35 Total SOYBEAN OIL 2018/19 2019/20 E st. 2020/21 Proj. 2020/21 Proj. July August Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,995 1,775 2,020 2,060 Production 4/ 24,197 24,810 25,035 25,265 Imports 397 325 400 350 Supp ly, Total 26,590 26,910 27,455 27,675 Domestic Disappearance 22,874 22,000 23,000 23,000 Biodiesel 3/ 7,863 7,600 8,000 8,000 Food, Feed & other Industrial 15,011 14,400 15,000 15,000 Exports 1,940 2,850 2,400 2,600 Use, Tota l 24,815 24,850 25,400 25,600 Ending stocks 1,775 2,060 2,055 2,075 Avg. Price (c/lb) 2/ 28.26 29.00 29.00 30.00 Total SOYBEAN MEAL 2018/19 2019/20 E st. 2020/21 Proj. 2020/21 Proj. July August Fil ler 1 2 3 4 Thousand Short Tons Beginn ing Stocks 555 402 375 375 Production 4/ 48,814 50,923 50,975 51,425 Imports 683 600 400 400 Supply, Total 50,052 51,925 51,750 52,200 Domestic Disappearance 36,212 37,900 38,100 38,300 Exports 13,438 13,650 13,250 13,500 Use, Total 49,650 51,550 51,350 51,800 Ending Stocks 402 375 400 400 Avg. Price ($/s.t.) 2/ 308.28 300.00 300.00 290.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybean s; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple av erage of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodie sel made fr om methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,165 million bushels for 2019/20 and 2,180 million bushels for 2020/21. *Planted and harvested acres are from the June 30, 2020 Ac reage repor t. The yield is based on a weather -adjusted trend model. August 2020 WASDE - 603 - 16 U.S. Sugar Supply and Use 1/ 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Jul Aug Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 2,008 1,783 1,772 1,744 Production 2/ 8,999 7,989 9,090 9,265 Beet Sugar 4,939 4,244 5,000 5,199 Cane Sugar 4,060 3,745 4,090 4,066 Florida 2,005 2,106 2,105 2,135 Hawaii 0 0 0 0 Louisiana 1,907 1,513 1,850 1,850 Texas 147 126 135 81 Imports 3,070 4,162 3,059 3,044 TRQ 3/ 1,541 2,238 1,580 1,565 Other Program 4/ 438 350 350 350 Other 5/ 1,092 1,575 1,129 1,129 Mexico 1,000 1,395 1,079 1,079 Total Supply 14,077 13,934 13,921 14,053 Exports 35 35 35 35 Deliveries 12,231 12,155 12,230 12,230 Food 12,106 12,050 12,125 12,125 Other 6/ 126 105 105 105 Miscellaneous 28 0 0 0 Total Use 12,294 12,190 12,265 12,265 Ending Stocks 1,783 1,744 1,656 1,788 Stocks to Use Ratio 14.5 14.3 13.5 14.6 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Pro duction projections for 2019/20 and 2020/21 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2019/20, WTO raw sugar TRQ shortfall (61) and for 2020/21 (99). 4/ Composed of sugar u nder the re -export and polyhydric alcohol programs. 5/ Imports from Mexico; and high- tier tariff sugar and syrups not otherwise specified -- for 2019/20 (180) and 2020/21 (50). 6/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE - reported deliveries: 2018/19 -- 374; estimated 2019/20 -- 340; projected 2020/21 -- 353. Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2019/20 Est. Jul 1,169 5,282 89 4,378 1,233 929 2019/20 Est. Aug 1,169 5,278 91 4,498 1,233 807 2020/21 Proj. Jul 929 6,100 89 4,458 1,731 929 2020/21 Proj. Aug 807 6,000 89 4,468 1,497 931 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2018/19 = 1,528; Estimated 2019/20 = 1 ,470; Projected 2020/21 = 1,470; Estimated Oct -June 2019/20 = 1,033, Oct -June 2018/19 =1,143. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's prod ucts export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2019/20 (345 est); 2020/21 (395 proj). Other Deliveries/Ending Year Statistical Adjustments: 2019/20 (0), 2020/21 (0). August 2020 WASD E - 603 - 17 U.S. Cotton Supply and Use 1/ 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Jul Aug Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 14.10 13.74 12.19 ** 12.19 Harvested 9.99 11.61 10.25 ** 9.25 Fil ler Pounds Yield per Harvested Acre 882 823 820 ** 938 Million 480 Pound Bales Beginning Stocks 4.20 4.85 7.10 7.20 Production 18.37 19.91 17.50 18.08 Imports 0.00 0.00 0.01 0.00 Supply, Total 22.57 24.77 24.61 25.28 Domestic Use 2.98 2.20 2.80 2.70 Exports, Total 14.84 15.40 15.00 15.00 Use, Total 17.81 17.60 17.80 17.70 Unaccounted 2/ -0.09 -0.03 0.01 -0.02 Ending Stocks 4.85 7.20 6.80 7.60 Avg. Farm Price 3/ 70.3 59.5 59.0 59.0 Total Note: Reliability calculations at end of repo rt. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. ** July pl anted area as reported in June 30, 2020 Acreage. Harvested area based on 10- year average abandonment by region, with adjustment for weather in the Southwest. Yield based on 10- year average yields by region. August 2020 WASDE - 603 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 288.20 730.96 170.73 139.52 735.22 173.61 283.94 World Less China 157.01 599.53 167.58 119.52 610.22 172.61 144.18 United States 29.91 51.31 3.66 2.41 29.99 25.50 29.39 Total Foreign 258.30 679.65 167.06 137.11 705.23 148.11 254.56 Major Exporters 4/ 43.93 302.73 7.31 81.76 194.60 120.77 38.61 Argentina 0.47 19.50 0.01 0.05 6.05 12.19 1.74 Australia 5.55 17.60 0.50 5.70 9.20 9.01 5.44 Canada 6.73 32.20 0.48 4.01 9.00 24.38 6.04 European Union 5/ 17.94 136.69 5.76 51.50 121.05 23.31 16.02 Russia 12.01 71.69 0.45 18.00 40.50 35.86 7.78 Ukraine 1.24 25.06 0.11 2.50 8.80 16.02 1.59 Major Importers 6/ 177.58 199.78 111.34 38.34 294.31 12.38 182.00 Bangladesh 2.23 1.10 5.10 0.28 7.18 0.00 1.26 Brazil 1.31 5.43 7.02 0.50 12.10 0.60 1.06 China 131.20 131.43 3.15 20.00 125.00 1.01 139.77 Japan 1.23 0.86 5.73 0.68 6.48 0.29 1.05 N. Africa 7/ 14.87 21.00 26.96 2.25 46.15 1.19 15.48 Nigeria 0.20 0.06 4.66 0.05 4.32 0.40 0.20 Sel. Mideast 8/ 15.14 17.88 17.23 3.45 37.70 0.63 11.91 Southeast Asia 9/ 5.51 0.00 26.37 8.14 25.34 1.10 5.44 Selected Other India 13.23 99.87 0.02 5.00 95.63 0.50 16.99 Kazakhstan 2.54 13.95 0.09 1.80 6.60 8.30 1.68 2019/ 20 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 283.94 764.11 184.91 139.27 747.15 190.02 300.91 World Less China 144.18 630.52 179.53 120.27 621.15 188.97 149.23 United States 29.39 52.26 2.86 1.99 29.82 26.28 28.41 Total Foreign 254.56 711.86 182.05 137.28 717.33 163.74 272.50 Major Exporters 4/ 38.61 325.01 6.76 81.75 195.70 140.24 34.44 Argentina 1.74 19.75 0.01 0.05 6.30 13.50 1.69 Australia 5.44 15.20 0.75 4.90 8.40 9.50 3.49 Canada 6.04 32.35 0.68 4.80 9.90 23.90 5.26 European Union 5/ 16.02 154.94 4.90 52.50 122.50 38.00 15.36 Russia 7.78 73.61 0.33 17.00 40.00 34.24 7.48 Ukraine 1.59 29.17 0.10 2.50 8.60 21.10 1.16 Major Importe rs 6/ 182.00 202.47 122.28 36.86 297.95 12.62 196.18 Bangladesh 1.26 1.20 6.70 0.30 7.40 0.00 1.76 Brazil 1.06 5.20 7.20 0.50 12.10 0.42 0.94 China 139.77 133.59 5.38 19.00 126.00 1.05 151.68 Japan 1.05 1.10 5.68 0.60 6.30 0.29 1.24 N. Africa 7/ 15.48 18.40 28.08 1.85 46.60 1.04 14.32 Nigeria 0.20 0.06 5.20 0.05 4.86 0.40 0.20 Sel. Mideast 8/ 11.91 22.18 17.79 3.62 38.55 0.76 12.58 Southeast Asia 9/ 5.44 0.00 26.40 7.74 25.19 1.13 5.52 Selected Other India 16.99 103.60 0.02 6.00 96.11 0.50 24.00 Kazakhstan 1.68 11.45 0.50 1.50 6.30 6.50 0.84 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the diff erences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine . 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2020 WASDE - 603 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jul 297.12 769.31 183.27 135.10 751.59 188.04 314.84 Aug 300.91 766.03 183.73 133.84 750.14 187.99 316.79 World Less China Jul 145.97 633.31 177.27 115.10 621.59 187.04 152.69 Aug 149.23 630.03 177.73 113.84 620.14 186.99 154.11 United States Jul 28.41 49.63 3.81 2.45 30.35 25.86 25.65 Aug 28.41 50.01 3.54 2.45 30.24 26.54 25.19 Total Foreign Jul 268.71 719.68 179.46 132.65 721.25 162.18 289.19 Aug 272.50 716.02 180.19 131.40 719.91 161.45 291.61 Major Exporters 4/ Jul 31.04 323.50 6.73 76.65 190.65 137.00 33.62 Aug 34.44 321.00 6.73 75.55 189.30 137.00 35.87 Argentina Jul 1.69 21.00 0.01 0.05 6.20 14.50 2.00 Aug 1.69 20.50 0.01 0.05 6.20 14.00 1.99 Australia Jul 3.54 26.00 0.20 3.50 7.05 17.50 5.19 Aug 3.49 26.00 0.20 3.50 7.00 17.50 5.19 Canada Jul 5.46 34.00 0.45 4.60 9.80 24.50 5.61 Aug 5.26 34.00 0.45 4.50 9.70 24.50 5.51 European Union 5/ Jul 11.82 139.50 5.50 48.50 118.30 27.00 11.52 Aug 15.36 135.50 5.50 47.50 117.30 25.50 13.56 Russia Jul 7.28 76.50 0.50 17.50 40.50 36.00 7.78 Aug 7.48 78.00 0.50 17.50 40.50 37.50 7.98 Ukraine Jul 1.25 26.50 0.08 2.50 8.80 17.50 1.52 Aug 1.16 27.00 0.08 2.50 8.60 18.00 1.63 Major Importers 6/ Jul 196.23 205.58 120.29 36.66 302.65 12.61 206.84 Aug 196.18 205.68 119.90 36.76 302.91 12.76 206.09 Bangladesh Jul 1.76 1.25 6.60 0.30 7.50 0.00 2.11 Aug 1.76 1.25 6.60 0.30 7.50 0.00 2.11 Brazil Jul 0.94 5.70 7.10 0.50 12.10 0.60 1.04 Aug 0.94 6.80 6.60 0.50 12.20 0.70 1.44 China Jul 151.16 136.00 6.00 20.00 130.00 1.00 162.16 Aug 151.68 136.00 6.00 20.00 130.00 1.00 162.68 Japan Jul 1.26 0.87 5.60 0.60 6.25 0.28 1.20 Aug 1.24 0.87 5.60 0.60 6.25 0.28 1.18 N. Africa 7/ Jul 14.09 16.78 29.40 1.75 46.90 0.99 12.38 Aug 14.32 16.78 29.60 1.75 46.90 1.04 12.76 Nigeria Jul 0.20 0.06 5.10 0.05 4.76 0.40 0.20 Aug 0.20 0.06 5.10 0.05 4.76 0.40 0.20 Sel. Mideast 8/ Jul 12.42 22.35 18.14 3.42 39.10 0.67 13.13 Aug 12.58 22.35 18.05 3.62 39.41 0.67 12.89 Southeast Asia 9/ Jul 5.49 0.00 26.35 7.04 24.89 1.07 5.88 Aug 5.52 0.00 26.35 6.94 24.74 1.07 6.06 Selected Other India Jul 24.00 107.18 0.03 6.50 99.50 1.00 30.71 Aug 24.00 107.18 0.03 6.50 99.50 1.00 30.71 Kazakhstan Jul 1.19 13.50 0.10 1.50 6.30 7.10 1.39 Aug 0.84 12.50 0.20 1.40 6.20 6.30 1.04 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Om an. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2020 WASDE - 603 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 370.68 1,397.34 192.57 851.93 1,420.7 0 212.00 347.32 World Less China 147.70 1,132.83 182.03 656.48 1,133.33 211.94 136.72 United States 57.92 377.91 2.63 143.10 323.02 54.97 60.47 Total Foreign 312.76 1,019.44 189.94 708.83 1,097.69 157.03 286.85 Major Exporters 4/ 27.12 293.19 5.65 127.42 171.85 134.02 20.08 Argentina 3.37 59.22 0.01 12.28 18.09 40.89 3.61 Australia 2.29 11.51 0.01 5.29 7.30 4.08 2.43 Brazil 9.71 104.33 2.32 59.95 70.98 39.72 5.65 Canada 4.57 26.20 2.62 16.13 24.08 5.97 3.34 Russia 1.37 35.00 0.05 18.80 27.37 7.84 1.22 Ukraine 2.91 44.50 0.06 7.93 10.96 34.07 2.45 Major Importers 5/ 39.96 243.51 142.93 295.56 379.76 10.32 36.31 European Union 6/ 16.33 148.27 26.44 127.00 168.69 8.82 13.53 Japan 1.82 0.18 17.73 13.78 17.89 0.00 1.84 Mexico 6.18 33.40 17.36 31.27 50.51 0.72 5.71 N. Afr & Mideast 7/ 7.76 31.08 38.82 61.98 70.10 0.10 7.46 Saudi Arabia 2.63 0.29 10.17 10.75 11.13 0.00 1.97 Southeast Asia 8/ 2.56 29.99 16.84 37.89 45.72 0.68 2.99 South Korea 1.86 0.21 10.96 8.60 11.18 0.00 1.85 Selected Other China 222.98 264.51 10.54 195.45 287.37 0.07 210.59 2019/20 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 347.32 1,405.72 203.41 869.34 1,411.98 206.82 341.05 World Less China 136.72 1,137.52 187.01 672.74 1,121.23 206.76 136.67 United States 60.47 359.30 3.19 146.78 312.20 51.09 59.67 Total Fo reign 286.8 5 1,046.42 200.22 722.55 1,099.78 155.73 281.38 Major Exporters 4/ 20.08 304.06 4.15 131.72 175.88 129.51 22.90 Argentina 3.61 56.75 0.01 11.85 17.44 40.01 2.92 Australia 2.43 10.44 0.01 5.00 6.97 3.52 2.38 Brazi l 5.65 104.57 1.90 61.01 72.14 34.01 5.97 Canada 3.34 28.51 1.87 17.08 23.94 5.06 4.72 Russia 1.22 40.50 0.17 22.19 31.29 8.38 2.22 Ukraine 2.45 46.55 0.03 7.69 10.81 36.03 2.18 Major Importers 5/ 36.31 255.47 145.71 301.86 388.12 14.62 34.76 European Union 6/ 13.53 161.24 21.21 125.65 168.96 13.26 13.76 Japan 1.84 0.22 17.62 13.75 17.87 0.00 1.81 Mexico 5.71 30.41 18.01 31.77 51.00 0.70 2.43 N. Afr & Mideast 7/ 7.46 33.33 43.09 67.16 75.56 0.09 8.22 Saudi Arabia 1.97 0.27 11.51 11.15 11.51 0.00 2.24 Southeast Asia 8/ 2.99 29.72 18.69 39.11 47.15 0.57 3.67 South Korea 1.85 0.20 11.51 9.04 11.64 0.00 1.92 Selected Other China 210.59 268.20 16.40 196.60 290.75 0.06 204.38 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ The European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ In donesia, Ma laysia, Philippines, Thailand, and Vietnam. August 2020 WASDE - 603 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jul 341.79 1,458.40 211.66 893.30 1,453.64 218.01 346.55 Aug 341.05 1,464.70 214.36 896.81 1,457.44 221.02 348.31 World Less China Jul 137.41 1,191.03 194.31 694.80 1,158.96 217.94 152.2 0 Aug 136.67 1,197.32 195.91 697.31 1,161.76 220.95 153.86 United States Jul 60.18 394.27 2.72 152.50 326.54 60.34 70.29 Aug 59.67 402.59 2.72 154.52 328.55 63.27 73.16 Total Foreign Jul 281.61 1,064.13 208.94 740.80 1,127.10 157.66 276.26 Aug 281.38 1,062.11 211.64 742.29 1,128.89 157.75 275.14 Major Exporters 4/ Jul 22.84 314.83 3.95 134.33 179.89 133.96 27.77 Aug 22.90 313.52 4.15 133.93 179.18 134.66 26.73 Argentina Jul 3.02 56.70 0.01 13.49 19.25 36.71 3.77 Aug 2.92 56.42 0.01 13.16 18.80 37.01 3.54 Australia Jul 2.38 13.66 0.00 5.88 7.87 5.15 3.02 Aug 2.38 13.66 0.00 5.88 7.87 5.15 3.02 Brazil Jul 5.97 110.41 2.20 61.08 72.22 38.01 8.35 Aug 5.97 110.41 2.20 61.08 72.22 38.01 8.35 Canada Jul 4.72 29.90 1.56 17.11 25.09 5.40 5.69 Aug 4.72 29.60 1.76 17.41 25.39 5.40 5.29 Russia Jul 2.21 40.00 0.07 22.60 31.75 8.28 2.25 Aug 2.22 38.93 0.07 22.13 31.03 8.18 2.01 Ukraine Jul 2.03 49.55 0.02 7.49 10.72 38.11 2.77 Aug 2.18 49.90 0.02 7.60 10.88 38.61 2.61 Major Importers 5/ Jul 34.13 262.34 151.35 313.18 401.14 11.59 35.08 Aug 34.76 260.59 153.10 313.83 401.84 11.09 35.52 European Union 6/ Jul 13.76 163.91 23.29 131.75 176.20 10.24 14.51 Aug 13.76 162.36 25.29 132.70 177.15 9.74 14.51 Japan Jul 1.81 0.20 17.67 13.75 17.87 0.00 1.81 Aug 1.81 0.20 17.67 13.75 17.87 0.00 1.81 Mexico Jul 2.38 33.60 18.80 32.27 51.65 0.60 2.53 Aug 2.43 33.60 18.75 32.17 51.60 0.60 2.58 N. Afr & Mideast 7/ Jul 8.02 33.77 45.26 69.89 78.52 0.12 8.42 Aug 8.22 33.77 44.86 69.69 78.32 0.12 8.42 Saudi Arabia Jul 2.24 0.27 11.21 11.05 11.41 0.00 2.31 Aug 2.24 0.27 11.21 11.05 11.41 0.00 2.31 Southeast Asia 8/ Jul 3.29 30.31 18.83 40.66 48.82 0.63 2.97 Aug 3.67 30.11 19.03 40.66 48.82 0.63 3.35 South Korea Jul 1.92 0.20 11.91 9.45 12.09 0.00 1.95 Aug 1.92 0.20 11.91 9.45 12.09 0.00 1.95 Selected Other China Jul 204.38 267.38 17.35 198.50 294.68 0.07 194.3 5 Aug 204.38 267.38 18.45 199.50 295.68 0.07 194.45 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to r eflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Ru ssia, South Africa, and Ukraine. 5/ The European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tuni sia, and Tu rkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2020 WASDE - 603 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Feed Domest ic Total 2/ Exports Ending Stocks World 3/ 341.18 1,123.45 162.85 703.04 1,144.54 181.05 320.09 World Less China 118.66 866.12 158.37 512.04 870.54 181.03 109.77 United States 54.37 364.26 0.71 137.91 310.45 52.48 56.41 Total F oreign 286.82 759.18 162.14 565.14 834.09 128.57 263.68 Major Exporters 4/ 16.16 211.04 2.25 85.90 107.60 111.47 10.38 Argentina 2.41 51.00 0.01 9.70 13.80 37.24 2.37 Brazil 9.32 101.00 1.66 57.00 67.00 39.68 5.29 Russia 0.20 11.42 0.04 7.60 8.50 2.77 0.38 South Africa 2.67 11.82 0.51 7.00 12.50 1.45 1.06 Ukraine 1.57 35.81 0.04 4.60 5.80 30.32 1.29 Major Importers 5/ 23.91 128.86 99.11 170.33 224.97 5.03 21.89 Egypt 1.85 6.80 9.37 13.70 16.20 0.00 1.81 European Union 6/ 9.82 64.36 25.21 68.00 88.00 3.63 7.76 Japan 1.39 0.00 16.05 12.30 16.00 0.00 1.44 Mexico 5.65 27.60 16.66 25.90 44.10 0.72 5.09 Southeast Asia 7/ 2.55 29.94 16.46 37.60 45.30 0.68 2.98 South Korea 1.85 0.08 10.86 8.56 10.95 0.00 1.84 Selected Other 0.00 Canada 2.42 13.89 2.56 9.30 15.09 1.80 1.98 China 222.53 257.33 4.48 191.00 274.00 0.02 210.32 2019/20 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 320.09 1,112.40 168.54 705.77 1,121.20 171.22 311.30 World Less China 109.77 851.63 161.54 516.77 847.20 171.20 107.23 United States 56.41 345.89 1.14 142.25 301.26 45.60 56.59 Total Foreign 263.68 766.50 167.40 563.53 819.94 125.63 254.70 Major Exporters 4/ 10.38 217.41 1.27 87.10 109.05 108.70 11.32 Argentina 2.37 50.00 0.01 9.50 13.50 37.00 1.87 Brazil 5.29 101.00 1.20 58.00 68.00 34.00 5.49 Russi a 0.38 14.28 0.05 8.70 9.70 4.20 0.80 South Africa 1.06 16.25 0.00 6.80 12.60 2.50 2.21 Ukraine 1.29 35.89 0.02 4.10 5.25 31.00 0.95 Major Importers 5/ 21.89 127.89 97.23 166.50 222.30 6.28 18.44 Egypt 1.81 6.40 10.50 14.60 17.10 0.01 1.60 European Union 6/ 7.76 66.67 20.50 61.50 82.70 5.00 7.23 Japan 1.44 0.00 16.00 12.30 16.00 0.00 1.44 Mexico 5.09 25.00 17.00 26.50 44.50 0.70 1.89 Southeast Asia 7/ 2.98 29.67 17.83 38.40 46.25 0.57 3.66 South Korea 1.84 0.07 11.40 9.00 11.40 0.00 1.91 Selected Other 0.00 Canada 1.98 13.38 1.80 9.20 14.00 0.90 2.26 China 210.32 260.77 7.00 189.00 274.00 0.02 204.07 1/ Aggregate of local mark eting years . 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. Augu st 2020 WASDE - 603 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jul 311.95 1,163.21 176.86 727.5 4 1,160.12 182.45 315.04 Aug 311.30 1,171.03 178.94 731.97 1,164.87 184.66 317.46 World Less China Jul 107.88 903.21 169.86 537.54 883.12 182.43 120.99 Aug 107.23 911.03 171.94 541.97 887.87 184.64 123.41 United States Jul 57.10 381.02 0.64 148.6 0 316.88 54.61 67.26 Aug 56.59 388.08 0.64 150.50 318.79 56.52 70.01 Total Foreign Jul 254.84 782.19 176.23 578.94 843.24 127.84 247.78 Aug 254.70 782.95 178.31 581.47 846.08 128.14 247.45 Major Exporters 4/ Jul 11.11 225.30 1.56 89.30 111.30 111.70 14.97 Aug 11.32 225.80 1.56 89.50 111.50 112.20 14.98 Argentina Jul 1.87 50.00 0.01 11.00 15.00 34.00 2.88 Aug 1.87 50.00 0.01 11.00 15.00 34.00 2.88 Brazil Jul 5.49 107.00 1.50 58.00 68.00 38.00 7.99 Aug 5.49 107.00 1.50 58.00 68.00 38.00 7.99 Russia Jul 0.79 15.30 0.04 9.70 10.80 4.40 0.93 Aug 0.80 15.30 0.04 9.70 10.80 4.40 0.94 South Africa Jul 2.21 14.00 0.00 6.60 12.30 2.30 1.61 Aug 2.21 14.00 0.00 6.60 12.30 2.30 1.61 Ukraine Jul 0.75 39.00 0.02 4.00 5.20 33.00 1.56 Aug 0.95 39.50 0.02 4.20 5.40 33.50 1.56 Major Importers 5/ Jul 17.86 133.12 102.35 172.95 230.00 5.44 17.88 Aug 18.44 132.42 104.55 175.05 232.10 4.94 18.36 Egypt Jul 1.40 6.40 11.00 14.70 17.20 0.01 1.59 Aug 1.60 6.40 11.00 14.80 17.30 0.01 1.69 European Union 6/ Jul 7.23 68.30 23.00 65.00 87.00 4.20 7.33 Aug 7.23 67.80 25.00 67.00 89.00 3.70 7.33 Japan Jul 1.44 0.00 16.00 12.30 16.00 0.00 1.45 Aug 1.44 0.00 16.00 12.30 16.00 0.00 1.45 Mexico Jul 1.89 28.00 18.30 27.30 45.55 0.60 2.04 Aug 1.89 28.00 18.30 27.30 45.55 0.60 2.04 Southeast Asia 7/ Jul 3.28 30.26 17.95 39.90 47.90 0.63 2.96 Aug 3.66 30.06 18.15 39.90 47.90 0.63 3.34 South Korea Jul 1.91 0.08 11.80 9.40 11.85 0.00 1.93 Aug 1.91 0.08 11.80 9.40 11.85 0.00 1.93 Selected Other Canada Jul 2.26 14.60 1.50 9.40 14.80 1.00 2.56 Aug 2.26 14.30 1.70 9.60 15.00 1.00 2.26 China Jul 204.07 260.00 7.00 190.00 277.00 0.02 194.05 Aug 204.07 260.00 7.00 190.00 277.00 0.02 194.05 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not ba lance due t o differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade exc ludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2020 WASDE - 603 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2018/19 Beginning Stocks Produc tion Imports Total /2 Domestic Exports Ending Stocks World 3/ 164.11 496.68 43.76 483.98 43.72 176.80 World Less China 55.11 348.19 40.56 341.06 40.95 61.80 United States 0.93 7.11 0.92 4.57 2.97 1.42 Total Foreign 163.17 489.57 42.84 479.42 40.75 175.38 Major Exporters 4/ 28.88 184.66 0.76 145.41 31.76 37.14 Burma 0.81 13.20 0.01 10.25 2.70 1.07 India 22.60 116.48 0.00 99.16 10.42 29.50 Pakistan 1.42 7.30 0.00 3.30 4.49 0.93 Thailand 3.01 20.34 0.25 11.50 7.56 4.54 Vietnam 1.03 27.34 0.50 21.20 6.58 1.10 Major Importers 5/ 122.58 239.15 17.11 247.82 3.18 127.83 China 109.00 148.49 3.20 142.92 2.77 115.00 European Union 6/ 1.18 1.97 2.15 3.80 0.30 1.19 Indonesia 5.56 34.20 0.60 36.30 0.00 4.06 Nigeria 1.58 4.54 1.90 6.80 0.00 1.22 Philippines 2.29 11.73 3.60 14.10 0.00 3.52 Sel. Mideast 7/ 0.90 2.01 3.91 5.90 0.00 0.91 Selected Other 0.00 Brazil 0.59 7.14 0.75 7.35 0.88 0.25 C. Amer & Carib 8/ 0.63 1.65 1.79 3.37 0.04 0.67 Egypt 1.56 2.80 0.81 4.20 0.02 0.95 Japan 2.22 7.66 0.63 8.40 0.07 2.05 Mexico 0.15 0.19 0.74 0.92 0.03 0.14 South Korea 1.56 3.87 0.29 4.57 0.05 1.09 2019/20 Est. Beginning Stocks Productio n Imports Total /2 Domestic Exports Ending Stocks World 3/ 176.80 495.73 39.59 490.86 41.45 181.67 World Less China 61.80 349.00 37.19 345.83 38.85 65.17 United States 1.42 5.86 1.17 4.54 2.94 0.98 Total Foreign 175.38 489.87 38.43 486.32 38.51 180.69 Major Exporters 4/ 37.14 182.99 0.66 148.69 29.80 42.30 Burma 1.07 12.70 0.01 10.45 2.20 1.13 India 29.50 117.94 0.00 102.34 10.10 35.00 Pakistan 0.93 7.20 0.00 3.00 4.40 0.73 Thailand 4.54 18.00 0.25 11.80 6.50 4.49 Vietnam 1.10 27.15 0.40 21.10 6.60 0.95 Major Importers 5/ 127.83 239.24 12.98 249.28 2.96 127.82 China 115.00 146.73 2.40 145.03 2.60 116.50 European Un ion 6/ 1.19 1.97 2.30 4.00 0.30 1.16 Indonesia 4.06 34.00 0.60 35.50 0.00 3.16 Nigeria 1.22 5.04 1.00 6.55 0.00 0.71 Philippines 3.52 11.91 2.45 14.30 0.00 3.58 Sel. Mideast 7/ 0.91 2.34 3.20 5.60 0.00 0.85 Select ed Other 0.00 Brazil 0.25 7.56 0.70 7.20 1.10 0.21 C. Amer & Carib 8/ 0.67 1.46 1.84 3.29 0.03 0.64 Egypt 0.95 4.30 0.30 4.40 0.02 1.13 Japan 2.05 7.61 0.69 8.30 0.07 1.97 Mexico 0.14 0.17 0.79 0.93 0.01 0.16 South Korea 1.09 3.74 0.48 4.10 0.06 1.16 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Ir aq, and Sau di Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. August 2020 WASDE - 603 - 25 World Rice Supply and Use (Mi lled Basis) 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Jul 181.67 502.63 42.04 498.47 44.89 185.83 Aug 181.67 500.05 42.04 496.53 44.26 185.19 World Less China Jul 65.17 353.63 39.84 351.37 41.79 68.33 Aug 65.17 353.05 39.84 350.23 41.36 68.69 United States Jul 0.95 7.01 1.10 4.56 3.11 1.39 Aug 0.98 6.93 1.14 4.56 3.08 1.41 Total Foreign Jul 180.72 495.62 40.94 493.91 41.78 184.44 Aug 180.69 493.12 40.89 491.98 41.18 183.78 Major Exporters 4/ Jul 42.22 186.20 0.61 150.70 32.90 45.43 Aug 42.30 185.60 0.61 150.70 32.30 45.51 Burma Jul 1.13 13.10 0.01 10.60 2.20 1.44 Aug 1.13 13.10 0.01 10.60 2.20 1.44 India Jul 35.00 118.00 0.00 104.00 11.00 38.00 Aug 35.00 118.00 0.00 104.00 11.00 38.00 Pakistan Jul 0.73 7.50 0.00 3.10 4.30 0.83 Aug 0.73 7.50 0.00 3.10 4.30 0.83 Thailand Jul 4.39 20.40 0.20 11.80 9.00 4.19 Aug 4.49 20.00 0.20 11.80 8.50 4.39 Vietnam Jul 0.97 27.20 0.40 21.20 6.40 0.97 Aug 0.95 27.00 0.40 21.20 6.30 0.85 Major Importers 5/ Jul 127.74 241.64 14.36 252.15 3.51 128.08 Aug 127.82 239.94 14.15 251.30 3.26 127.35 China Jul 116.50 149.00 2.20 147.10 3.10 117.50 Aug 116.50 147.00 2.20 146.30 2.90 116.50 European Union 6/ Jul 1.16 1.97 2.25 4.00 0.30 1.08 Aug 1.16 1.97 2.35 4.10 0.30 1.08 Indonesia Jul 3.06 34.90 0.50 35.30 0.00 3.16 Aug 3.16 34.90 0.50 35.40 0.00 3.16 Nigeria Jul 0.76 5.04 1.40 6.60 0.00 0.60 Aug 0.71 5.04 1.20 6.40 0.00 0.55 Philippines Jul 3.42 11.00 3.00 14.40 0.00 3.02 Aug 3.58 11.00 3.00 14.40 0.00 3.18 Sel. Mideast 7/ Jul 0.85 2.33 3.60 6.00 0.00 0.78 Aug 0.85 2.33 3.60 6.00 0.00 0.78 Selected Other Brazil Jul 0.31 7.21 0.80 7.50 0.55 0.27 Aug 0.21 7.21 0.80 7.15 0.80 0.27 C. Amer & Carib 8/ Jul 0.64 1.57 1.90 3.44 0.03 0.64 Aug 0.64 1.55 1.90 3.41 0.03 0.65 Egypt Jul 1.13 4.30 0.20 4.50 0.02 1.11 Aug 1.13 4.30 0.25 4.50 0.02 1.16 Japan Jul 1.97 7.65 0.69 8.25 0.08 1.98 Aug 1.97 7.65 0.69 8.25 0.08 1.98 Mexico Jul 0.16 0.19 0.80 0.95 0.01 0.19 Aug 0.16 0.19 0.80 0.95 0.01 0.19 South Korea Jul 1.16 3.86 0.45 4.00 0.06 1.41 Aug 1.16 3.86 0.45 4.00 0.06 1.41 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unr eported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq , and Saudi Arabia. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. August 2020 WASDE - 603 - 26 World Cotton Supply an d Use 1/ (Million 480 -Pound Bales) 2018/19 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 80.92 118.65 42.27 120.18 41.40 0.04 80.23 World Less China 42.93 90.90 32.63 80.68 41.19 0.04 44.56 United States 4.20 18.37 3/ 2.98 14.84 -0.09 4.85 Total Foreign 76.72 100.29 42.27 117.20 26.56 0.14 75.38 Major Exporters 4/ 26.93 54.61 2.48 33.02 22.32 0.02 28.66 Central Asia 5/ 2.67 5.44 3/ 3.80 2.04 0.00 2.28 Afr. Fr. Z one 6/ 1.61 5.43 3/ 0.17 5.47 0.00 1.41 S. Hemis. 7/ 13.19 17.31 0.18 4.39 10.86 0.01 15.41 Australia 3.04 2.20 3/ 0.04 3.63 0.00 1.57 Brazil 8.66 13.00 0.02 3.40 6.02 0.00 12.26 India 9.23 25.80 1.80 24.00 3.51 0.00 9.31 Major Importers 8/ 47.95 42.69 37.26 80.02 3.01 0.11 44.76 Mexico 0.66 1.74 0.85 2.00 0.52 0.03 0.69 China 37.99 27.75 9.64 39.50 0.21 0.00 35.67 European Union 9/ 0.30 1.71 0.64 0.70 1.72 0.03 0.21 Turkey 1.78 3.75 3.50 6.90 0.48 0.00 1.64 Pakistan 2.83 7.60 2.85 10.70 0.06 0.03 2.50 Indonesia 0.63 3/ 3.05 3.15 0.01 0.00 0.53 Thailand 0.20 3/ 1.08 1.08 0.00 0.03 0.18 Bangladesh 1.86 0.14 7.00 7.20 0.00 0.01 1.78 Vietnam 1.29 3/ 6.90 7.00 0.00 0.00 1.19 2019/20 Est. Beginning Stocks Productio n Imports Domestic Use Exports Loss /2 Ending Stocks World 80.23 122.99 40.11 102.40 40.28 0.10 100.56 World Less China 44.56 95.74 33.11 69.40 40.10 0.10 63.81 United States 4.85 19.91 3/ 2.20 15.40 -0.03 7.20 Total Foreign 75.38 103.08 40.11 100.20 24.88 0.13 93.36 Major Exporters 4/ 28.66 59.37 2.90 28.37 20.66 0.02 41.87 Central Asia 5/ 2.28 5.97 3/ 3.94 1.58 0.00 2.73 Afr. Fr. Zone 6/ 1.41 5.91 3/ 0.14 4.65 0.00 2.53 S. Hemis. 7/ 15.41 16.54 0.15 3.69 11.26 0.01 17.14 Australia 1.57 0.63 3/ 0.04 1.38 0.00 0.79 Brazil 12.26 13.40 0.01 2.80 8.94 0.00 13.92 India 9.31 30.50 2.30 20.00 2.90 0.00 19.21 Major Importers 8/ 44.76 40.62 34.77 68.15 2.92 0.11 48.96 Mexico 0.69 1.57 0.55 1.50 0.53 0.03 0.76 China 35.67 27.25 7.00 33.00 0.18 0.00 36.75 European Union 9/ 0.21 2.00 0.58 0.60 1.76 0.03 0.40 Turkey 1.64 3.45 4.60 6.60 0.38 0.00 2.72 Pakistan 2.50 6.20 3.80 9.20 0.05 0.03 3.22 Indonesia 0.53 3/ 2.70 2.60 0.01 0.00 0.63 Thailand 0.18 3/ 0.73 0.73 0.00 0.03 0.15 Bangladesh 1.78 0.14 7.00 6.50 0.00 0.01 2.42 Vietnam 1.19 3/ 6.50 6.10 0.00 0.00 1.59 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions li sted. 5/ A zerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Afric a, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. August 2020 WASDE - 603 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2020/21 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Jul 100.92 116.25 41.84 114.29 41.81 0.14 102.77 Aug 100.56 117.53 41.58 113.05 41.59 0.11 104.91 World Less Ch ina Jul 63.92 89.75 32.84 77.29 41.68 0.14 67.40 Aug 63.81 91.03 32.58 76.55 41.46 0.11 69.29 United States Jul 7.10 17.50 0.01 2.80 15.00 0.01 6.80 Aug 7.20 18.08 3/ 2.70 15.00 -0.02 7.60 filler filler filler filler filler filler filler Total For eign Jul 93.82 98.75 41.84 111.49 26.81 0.13 95.97 Aug 93.36 99.45 41.57 110.35 26.59 0.13 97.31 Major Exporters 4/ Jul 42.03 56.52 1.81 32.03 22.78 0.02 45.52 Aug 41.87 57.44 1.71 31.43 22.81 0.02 46.77 Central Asia 5/ Jul 2.81 5.67 3/ 4.14 1.36 0.00 2.98 Aug 2.73 5.67 3/ 4.14 1.41 0.00 2.86 Afr. Fr. Zone 6/ Jul 2.70 6.07 3/ 0.14 5.54 0.00 3.08 Aug 2.53 5.59 3/ 0.14 5.12 0.00 2.86 S. Hemis. 7/ Jul 17.05 15.93 0.16 4.12 11.12 0.01 17.89 Aug 17.14 16.13 0.16 4.02 11.12 0.01 18.28 Australia Jul 0.91 1.70 3/ 0.04 1.00 0.00 1.58 Aug 0.79 1.90 3/ 0.04 1.00 0.00 1.65 filler filler filler filler filler filler filler Brazil Jul 13.71 12.00 0.03 3.20 9.00 0.00 13.54 Aug 13.92 12.00 0.03 3.10 9.00 0.00 13.85 India Jul 19.21 28.50 1.10 23.00 4.50 0.00 21.31 Aug 19.21 29.70 1.00 22.50 4.90 0.00 22.51 Major Importers 8/ Jul 49.16 39.14 37.59 75.50 2.53 0.11 47.74 Aug 48.96 38.96 37.29 75.00 2.39 0.11 47.72 Mexico Jul 0.76 1.05 0.65 1.70 0.20 0.03 0.54 Aug 0.76 1.05 0.65 1.70 0.20 0.03 0.54 China Jul 37.00 26.50 9.00 37.00 0.13 0.00 35.37 Aug 36.75 26.50 9.00 36.50 0.13 0.00 35.62 European Union 9/ Jul 0.44 1.94 0.59 0.66 1.77 0.03 0.51 Aug 0.40 1.76 0.60 0.66 1.65 0.03 0.42 Turkey Jul 2.62 3.00 4.10 6.90 0.33 0.00 2.49 Aug 2.72 3.00 4.20 7.00 0.33 0.00 2.59 Pakistan Jul 3.22 6.50 3.90 10.30 0.10 0.03 3.20 Aug 3.22 6.50 3.50 10.00 0.08 0.03 3.12 Indonesia Jul 0.68 3/ 3.05 3.00 0.01 0.00 0.73 Aug 0.63 3/ 2.90 2.90 0.01 0.00 0.63 Thailand Jul 0.10 3/ 0.93 0.85 0.00 0.03 0.16 Aug 0.15 3/ 0.88 0.85 0.00 0.03 0.15 Bangladesh Jul 2.42 0.15 7.10 7.00 0.00 0.01 2.65 Aug 2.42 0.15 7.30 7.30 0.00 0.01 2.55 Vietnam Jul 1.59 3/ 7.00 6.80 0.00 0.00 1.79 Aug 1.59 3/ 7.00 6.80 0.00 0.00 1.79 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflec ts cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3 / Less than 5,000 bales. 4/ Includes E gypt and Sy ria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and To go. 7/ Arg entina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. August 2020 WASDE - 603 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 98.99 360.21 144.61 297.33 342.55 148.41 112.86 World Le ss China 75.93 344.24 62.07 212.33 240.55 148.30 93.40 United States 11.92 120.52 0.38 56.94 60.40 47.68 24.74 Total Foreign 87.07 239.70 144.23 240.40 282.14 100.74 88.12 Major Exporters 3/ 57.25 185.64 6.56 86.79 96.15 91.35 61.96 Argent ina 23.73 55.30 6.41 40.57 47.45 9.10 28.89 Brazil 33.00 119.00 0.14 42.53 44.80 74.59 32.75 Paraguay 0.51 8.51 0.01 3.62 3.82 4.90 0.32 Major Importers 4/ 25.67 19.84 114.98 113.03 138.08 0.32 22.09 China 23.06 15.97 82.54 85.00 102.00 0.12 19.46 European Union 1.40 2.66 14.98 15.60 17.26 0.18 1.61 Southeast Asia 0.84 0.66 8.27 3.81 9.08 0.02 0.67 Mexico 0.17 0.34 5.87 6.15 6.20 0.00 0.18 2019/20 Est. Beginning Stocks Productio n Imports Domestic Crus h Domestic Total Exports Ending Stocks World 2/ 112.86 337.28 162.28 307.95 351.93 164.64 95.85 World Less China 93.40 319.18 64.28 217.45 243.73 164.54 68.60 United States 24.74 96.68 0.41 58.79 60.19 44.91 16.73 Total Foreign 88.12 240.60 161.87 249.17 291.74 119.73 79.12 Major Exporters 3/ 61.96 187.60 4.57 88.58 98.21 110.83 45.09 Argentina 28.89 49.70 4.20 40.50 47.59 9.50 25.70 Brazil 32.75 126.00 0.34 44.25 46.49 93.50 19.10 Paraguay 0.32 9.90 0.02 3.75 4.05 5.90 0.29 Major Importers 4/ 22.09 21.78 132.13 119.42 145.28 0.38 30.35 China 19.46 18.10 98.00 90.50 108.20 0.10 27.26 European Union 1.61 2.63 15.70 16.00 17.71 0.25 1.98 Southeast Asia 0.67 0.61 9.04 4.22 9.54 0.03 0.75 Mexico 0.18 0.24 6.00 6.20 6.25 0.00 0.16 2020/21 Proj. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ Jul 99.67 362.52 158.02 315.57 363.56 161.58 95.08 Aug 95.85 370.40 162.49 320.0 8 367.90 165.49 95.36 World Less China Jul 72.43 345.02 62.02 220.57 250.16 161.48 67.83 Aug 68.60 352.90 63.49 222.08 251.50 165.39 68.10 United States Jul 16.87 112.54 0.41 58.79 62.46 55.79 11.56 Aug 16.73 120.42 0.41 59.33 63.14 57.83 16.59 Total Foreign Jul 82.81 249.98 157.62 256.78 301.10 105.79 83.52 Aug 79.12 249.98 162.09 260.75 304.76 107.65 78.77 Major Exporters 3/ Jul 49.27 196.85 3.76 91.88 102.03 97.83 50.02 Aug 45.09 196.85 4.16 91.88 101.63 99.83 44.64 Argentin a Jul 26.00 53.50 3.60 43.00 50.20 6.50 26.40 Aug 25.70 53.50 4.00 43.00 50.20 7.50 25.50 Brazil Jul 22.77 131.00 0.15 45.00 47.65 83.00 23.27 Aug 19.10 131.00 0.15 45.00 47.25 84.00 19.00 Paraguay Jul 0.50 10.25 0.01 3.80 4.10 6.30 0.35 Aug 0.29 10.25 0.01 3.80 4.10 6.30 0.14 Major Importers 4/ Jul 29.99 21.33 129.33 123.54 150.34 0.33 29.98 Aug 30.35 21.43 132.78 126.99 153.87 0.33 30.37 China Jul 27.25 17.50 96.00 95.00 113.40 0.10 27.25 Aug 27.26 17.50 99.00 98.00 116.40 0.10 27.26 European Union Jul 1.63 2.60 14.90 15.70 17.36 0.20 1.57 Aug 1.98 2.75 14.90 15.70 17.43 0.20 2.00 Southeast Asia Jul 0.75 0.60 8.92 3.92 9.46 0.03 0.79 Aug 0.75 0.60 9.37 4.37 9.92 0.03 0.78 Mexico Jul 0.16 0.39 6.10 6.40 6.47 0.00 0.18 Aug 0.16 0.35 6.10 6.40 6.47 0.00 0.14 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balanc e due to di fferences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asi a (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to rounding. August 2020 WASDE - 603 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2018/19 Beginnin g Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.47 233.33 62.05 229.84 67.28 11.74 World Less China 13.47 166.01 62.03 163.43 66.35 11.74 United States 0.50 44.28 0.62 32.85 12.19 0.37 Total Foreign 12.97 189.05 61.43 196.99 55.09 11.37 Major Exporters 3/ 6.99 71.84 0.10 26.05 47.11 5.76 Argentina 2.48 31.20 0.03 3.13 28.83 1.74 Brazil 4.30 32.96 0.02 17.65 16.09 3.54 India 0.22 7.68 0.05 5.28 2.18 0.48 Major Importers 4/ 1.58 22.02 38.88 60.26 0.59 1.64 European Union 0.21 12.32 18.76 30.44 0.37 0.48 Mexico 0.04 4.86 1.84 6.58 0.01 0.15 Southeast Asia 5/ 1.21 2.98 16.69 19.77 0.20 0.91 2019/20 Est. Beginning Stocks Productio n Imports Domestic Total Expor ts Ending Stocks World 2/ 11.74 242.25 62.83 239.68 67.69 9.44 World Less China 11.74 170.58 62.79 168.95 66.72 9.44 United States 0.37 46.20 0.54 34.38 12.38 0.34 Total Foreign 11.37 196.05 62.28 205.30 55.31 9.10 Major Exporters 3/ 5.76 72.22 0.08 26.86 46.95 4.25 Argentina 1.74 31.15 0.00 3.28 28.00 1.61 Brazil 3.54 34.35 0.03 18.09 17.50 2.33 India 0.48 6.72 0.05 5.49 1.45 0.31 Major Importers 4/ 1.64 22.72 38.98 61.45 0.57 1.32 Europea n Union 0.48 12.64 18.20 30.74 0.35 0.23 Mexico 0.15 4.90 1.93 6.90 0.01 0.07 Southeast Asia 5/ 0.91 3.30 17.15 20.22 0.21 0.93 2020/21 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Jul 9.79 248.28 64.45 245.63 67.50 9.38 Aug 9.44 251.82 64.52 249.10 67.73 8.95 World Less China Jul 9.79 173.04 64.43 171.38 66.50 9.38 Aug 9.44 174.20 64.51 172.47 66.73 8.95 United States Jul 0.34 46.24 0.36 34.56 12.02 0.36 Aug 0.34 46.65 0.36 34.75 12.25 0.36 Total Foreign Jul 9.45 202.03 64.08 211.07 55.48 9.02 Aug 9.10 205.17 64.16 214.35 55.48 8.59 Major Exporters 3/ Jul 4.62 75.47 0.08 27.70 47.82 4.65 Aug 4.25 75.55 0.08 27.86 47.82 4.20 Argentina Jul 1.81 33.05 0.00 3.40 29.65 1.81 Aug 1.61 33.05 0.00 3.40 29.65 1.61 Brazil Jul 2.58 34.90 0.03 18.51 16.30 2.70 Aug 2.33 34.90 0.03 18.51 16.30 2.45 India Jul 0.23 7.52 0.05 5.79 1.87 0.14 Aug 0.31 7.60 0.05 5.95 1.87 0.14 Major Importers 4/ Jul 1.46 22.42 39.84 61.72 0.52 1.49 Aug 1.32 22.77 39.92 62.10 0.52 1.40 European Union Jul 0.37 12.40 18.75 30.94 0.30 0.28 Aug 0.23 12.40 18.75 30.89 0.30 0.19 Mexico Jul 0.07 5.06 2.00 7.05 0.01 0.07 Aug 0.07 5.06 2.00 7.05 0.01 0.07 Southeast Asia 5/ Jul 0.92 3.06 17.47 20.21 0.21 1.04 Aug 0.93 3.41 17.47 20.56 0.21 1.05 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Japan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. August 2020 WASDE - 603 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2018/19 Beginnin g Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 3.83 55.67 10.43 54.93 11.18 3.82 World Less China 3.26 40.44 9.65 39.05 10.98 3.32 United States 0.91 10.98 0.18 10.38 0.88 0.81 Total Foreign 2.93 44.70 10.25 44.56 10.30 3.02 Major Exporters 3/ 0.80 19.74 0.47 12.24 7.78 0.99 Argentina 0.27 7.91 0.00 2.57 5.26 0.35 Brazil 0.37 8.18 0.02 7.17 1.08 0.33 European Union 0.15 2.96 0.42 2.46 0.79 0.29 Major Importers 4/ 1.02 17.98 6.36 23.99 0.31 1.07 China 0.57 15.23 0.78 15.89 0.20 0.50 India 0.17 1.73 3.00 4.75 0.01 0.14 North Africa 5/ 0.19 0.73 1.56 2.18 0.10 0.20 2019/20 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 3.82 57.57 10.87 56.04 11.96 4.26 World Less China 3.32 41.36 10.07 39.25 11.79 3.71 United States 0.81 11.25 0.15 9.98 1.29 0.94 Total Foreign 3.02 46.32 10.72 46.06 10.67 3.33 Major Exporters 3/ 0.99 20.16 0.49 12.35 8.09 1.20 Arge ntina 0.35 7.91 0.00 2.39 5.60 0.27 Brazil 0.33 8.50 0.06 7.45 1.03 0.42 European Union 0.29 3.04 0.43 2.47 0.80 0.49 Major Importers 4/ 1.07 19.02 6.61 25.13 0.36 1.21 China 0.50 16.22 0.80 16.79 0.18 0.56 India 0.14 1.51 3.35 4.85 0.01 0.14 North Africa 5/ 0.20 0.90 1.66 2.27 0.17 0.32 2020/21 Proj. Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ Jul 4.04 59.04 10.98 58.01 11.92 4.13 Aug 4.26 59.86 10.96 58.84 12.06 4.19 World Less China Jul 3.58 42.02 9.98 40.27 11.77 3.53 Aug 3.71 42.30 9.96 40.47 11.91 3.59 United States Jul 0.92 11.36 0.18 10.43 1.09 0.93 Aug 0.94 11.46 0.16 10.43 1.18 0.94 Total Foreign Jul 3.13 47.68 10.80 47.57 10.83 3.20 Aug 3.33 48.40 10.80 48.40 10.88 3.25 Major Exporters 3/ Jul 1.20 20.73 0.45 12.65 8.55 1.19 Aug 1.20 20.73 0.45 12.71 8.55 1.12 Argentina Jul 0.31 8.39 0.00 2.40 6.00 0.30 Aug 0.27 8.39 0.00 2.40 6.00 0.26 Brazil Jul 0.42 8.64 0.03 7.60 1.05 0.44 Aug 0.42 8.64 0.03 7.60 1.05 0.44 European Union Jul 0.45 2.98 0.42 2.61 0.83 0.42 Aug 0.49 2.98 0.42 2.67 0.83 0.39 Major Importers 4/ Jul 1.03 19.93 6.67 26.19 0.27 1.17 Aug 1.21 20.57 6.67 26.89 0.31 1.25 China Jul 0.46 17.02 1.00 17.73 0.15 0.60 Aug 0.56 17.56 1.00 18.37 0.15 0.60 India Jul 0.12 1.69 3.24 4.90 0.01 0.14 Aug 0.14 1.71 3.24 4.94 0.01 0.14 North Africa 5/ Jul 0.26 0.78 1.64 2.29 0.12 0.28 Aug 0.32 0.87 1.64 2.32 0.16 0.36 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time l ags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. August 2020 WASDE - 603 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2019 III 6,923 6,706 13,683 11,402 1,453 12,992 26,675 2,347 54.2 IV 7,001 7,478 14,535 11,175 1,467 12,773 27,308 2,414 54.0 Annual 27,155 27,638 55,015 43,905 5,818 50,251 105,266 9,447 218.4 2020 I 6,929 7,426 14,407 11,237 1,469 12,841 27,248 2,349 56.1 II 6,054 6,311 12,417 10,931 1,369 12,434 24,851 2,249 55.9 III* 7,060 7,170 14,283 11,350 1,400 12,884 27,167 2,290 54.9 IV* 6,985 7,450 14,490 11,150 1,450 12,730 27,220 2,335 54.8 Annual Jul Proj. 26,934 28,536 55,68 2 44,637 5,679 50,862 106,544 9,182 221.5 Aug Proj. 27,028 28,357 55,597 44,668 5,688 50,889 106,485 9,223 221.8 2021 I* 6,805 7,110 13,967 11,025 1,420 12,575 26,542 2,280 56.4 II* 7,050 6,990 14,098 11,200 1,425 12,765 26,863 2,295 57.7 Annual Jul Proj. 27,720 28,565 56,503 45,175 5,770 51,485 107,988 9,345 225.6 Aug Proj. 27,620 28,565 56,403 45,275 5,770 51,585 107,988 9,385 225.3 * Projection. 1/ Commercial production for red meats; federally inspected f or poultry meats. 2/ Beef, pork, veal and lamb & mutton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2019 III 108.16 50.08 82.0 90.8 81.9 18.97 IV 114.88 43.11 80.6 97.8 117.2 20.60 Annual 116.78 47.95 88.6 89.2 94.0 18.63 2020 I 118.32 42.52 83.5 97.4 133.1 18.83 II 105.79 38.96 67.0 103.7 119.6 15.37 III* 101.00 36.00 66.0 110.0 85.0 19.95 IV* 104.00 35.00 65.0 111.0 120.0 17.65 Annual Jul Proj. 106.8 38.9 70.0 105.3 121.9 18.25 Aug Proj. 107.3 38.1 70.4 105.5 114.4 17.95 2021 I* 105.00 41.00 80.0 102.0 113.0 17.10 II* 105.00 47.00 87.0 104.0 95.0 16.50 Annual Jul Proj. 110 44 81 105 115 17.05 Aug Proj. 110 44 81 105 110 17.05 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. August 2020 WASDE - 603 - 32 U.S. Meats S upply and U se Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2019 662 27,221 3,058 30,940 3,026 642 27,272 58.1 2020 Proj. Jul 642 27,000 3,039 30,681 2,914 645 27,121 57.5 Aug 642 27,094 3,137 30,873 2,896 650 27,326 57.9 2021 Proj. Jul 645 27,786 3,020 31,451 3,140 650 27,661 58.2 Aug 650 27,686 3,045 31,381 3,140 650 27,591 58.1 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2019 559 27,652 945 29,156 6,321 646 22,188 52.4 2020 Proj. Jul 646 28,550 851 30,048 7,523 535 21,990 51.6 Aug 646 28,371 861 29,879 7,547 525 21,807 51.2 2021 Proj. Jul 535 28,579 895 30,009 7,650 590 21,769 50.8 Aug 525 28,579 895 29,999 7,650 575 21,774 50.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2019 1,266 55,105 4,275 60,646 9,353 1,330 49,963 111.9 2020 Proj. Jul 1,330 55,772 4,168 61,269 10,446 1,226 49,597 110.4 Aug 1,330 55,687 4,274 61,290 10,454 1,221 49,616 110.4 2021 Proj. Jul 1,226 56,593 4,188 62,007 10,796 1,283 49,928 110.3 Aug 1,221 56,493 4,213 61,927 10,796 1,268 49,863 110.2 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2019 845 43,435 131 44,41 1 7,103 937 36,371 95.1 2020 Proj. Jul 937 44,159 133 45,229 7,338 840 37,051 96.3 Aug 937 44,190 135 45,262 7,186 890 37,186 96.7 2021 Proj. Jul 840 44,692 132 45,664 7,400 850 37,414 96.6 Aug 890 44,791 132 45,813 7,140 905 37,768 97.5 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2019 303 5,818 12 6,133 639 233 5,261 16.0 2020 Proj. Jul 233 5,679 14 5,925 539 215 5,171 15.7 Aug 233 5,688 15 5,936 540 215 5,181 15.7 2021 Proj. Jul 215 5,770 12 5,997 555 230 5,212 15.7 Aug 215 5,770 12 5,997 555 230 5,212 15.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2019 1,153 49,781 146 51,080 7,824 1,175 42,081 112.5 2020 Proj. Jul 1,175 50,384 150 51,708 7,962 1,060 42,686 113.4 Aug 1,175 50,410 152 51,737 7,810 1,110 42,817 113.7 2021 Proj. Jul 1,060 51,001 147 52,208 8,025 1,087 43,096 113.7 Aug 1,110 51,100 147 52,357 7,765 1,140 43,452 114.6 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2019 2,419 104,88 6 4,421 111,725 17,177 2,504 92,044 224.3 2020 Proj. Jul 2,504 106,155 4,318 112,977 18,408 2,286 92,283 223.8 Aug 2,504 106,097 4,426 113,027 18,264 2,331 92,433 224.1 2021 Proj. Jul 2,286 107,594 4,335 114,215 18,821 2,370 93,024 224.1 Aug 2,331 107,593 4,360 114,284 18,561 2,408 93,315 224.8 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broile rs; certified ready -to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken . August 2020 WASDE - 603 - 33 U.S. Egg Supply and Use Commodity 2018 2019 2020 Proj. 2020 Proj. 2021 Proj. 2021 Proj. Jul Aug Jul Aug Eggs Million Dozen Supply Beginning Stocks 87.5 78.8 108.7 128.4 130.0 130.0 Production 9,205.0 9,447.5 9,182.0 9,223.0 9,345.0 9,385.0 Imports 17.8 14.6 13.9 14.2 16.0 16.0 Total Supply 9,310.3 9,540.9 9,304.6 9,365.6 9,491.0 9,531.0 Use Exports 333.2 333.9 334.0 339.6 330.0 335.0 Hatching Use 1,057.5 1,081.2 1,079.1 1,080.7 1,105.0 1,105.0 Ending Stocks 78.8 128.4 130.0 130.0 135.0 135.0 Disappearance Total 7,840.9 7,997.4 7,761.5 7,815.3 7,921.0 7,956.0 Per Cap ita (number) 287.8 292.1 281.9 283.8 285.8 287.1 Total U.S. Milk Supply and Use Commodity 2018 2019 2020 Proj. 2020 Proj. 2021 Proj. 2021 Proj. Jul Aug Jul Aug Milk Billion Pounds Production 217.6 218.4 221.5 221.8 225.6 225.3 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 13.4 13.8 13.6 13.6 13.2 13.1 Marketings 216.6 217.4 220.5 220.7 224.6 224.3 Imports 6.3 6.9 7.0 7.1 6.9 6.9 Total Cml. Supply 236.2 238.1 241.1 241.5 244.6 244.2 Fat Basis Use Commercial Exports 10.4 9.1 9.1 9.2 9.3 9.5 Ending Commercial Stocks 13.8 13.6 13.2 13.1 13.3 13.1 CCC Donations 0.0 0.2 0.3 0.3 0.0 0.0 Domestic Commercial Use 212.1 215.2 218.6 218.9 222.1 221.7 Skim -solid Basis Su pply Beg. Commercial Stocks 11.8 10.7 10.2 10.2 10.3 10.1 Marketings 216.6 217.4 220.5 220.7 224.6 224.3 Imports 5.5 5.8 5.8 5.7 5.6 5.6 Total Cml. Supply 233.8 233.9 236.5 236.7 240.5 240.0 Skim -solid Basis Use Commercial Exports 44.6 41.5 45.8 46.2 45.5 46.3 Ending Commercial Stocks 10.7 10.2 10.3 10.1 10.3 10.1 CCC Donations 0.0 0.2 0.1 0.1 0.0 0.0 Domestic Commercial Use 178.5 181.9 180.3 180.2 184.7 183.6 Total CCC Donations include purchases made through the USDA Trade Miti gation program. They do not include products purchased under other programs. Dairy domestic commercial use for 2020 includes additional milk marketed but not processed. Note: Totals may not add due to rounding. August 2020 WASD E - 603 - 34 U.S. Dairy Prices Commodity 2018 2019 2020 Proj. 2020 Proj. 2021 Proj. 2021 Proj. Jul Aug Jul Aug Product Prices 1/ Dollars Per Pound Cheese 1.5377 1.7586 1.905 1.845 1.725 1.715 Butter 2.2572 2.243 1 1.685 1.625 1.715 1.680 Nonfat Dry Milk 0.7945 1.0419 1.040 1.025 1.010 1.010 Dry Whey 0.3422 0.3799 0.355 0.355 0.345 0.355 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 14.61 16.96 18.00 17.40 16.20 16.10 Class IV 14.23 16.30 13.95 13.55 13.80 13.65 All Milk 3/ 16.27 18.63 18.25 17.95 17.05 17.05 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the sim ple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly pric es received by farmers for milk at average test. 3/ Does not reflect any deduct ions from p roducers as authorized by legislation. August 2020 WASDE - 603 - 35 Reliability of August Projections 1/ Note: Tables on pages 35 -37 present a record of the August projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by mo re than 2.3 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 3.8 percent. The average difference between the August projection and the final estimate is 10.6 million tons, ranging from 0.2 million to 32.1 million tons. The August projection has been below the estima te 26 times and above 13 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 2.3 3.8 10.6 0.2 32.1 26 13 U.S. 2.3 4.0 1.1 0.0 4.2 16 23 Foreign 2.5 4.3 10.4 0.6 31.1 26 13 Exports World 5.8 9.8 6.2 0.4 19.1 29 10 U.S. 11.0 18.6 2.6 0.0 10.0 17 21 Foreign 7.2 12.2 6.0 0.3 20.5 28 11 Domestic Use World 1.8 3.1 7.9 0.2 23.4 20 19 U.S. 7.5 12.8 2.0 0.0 5.5 12 27 Foreign 1.8 3.0 7.7 0.2 22.0 23 16 Ending Stocks World 9.1 15.5 11.2 0.3 31.2 30 9 U.S. 15.2 25.8 2.9 0.5 12.6 25 14 Foreign 9.8 16.6 9.7 0.2 28.7 30 9 COARSE GRAINS 2/ Production World 2.4 4.1 18.4 0.4 53.7 30 9 U.S. 6.0 10.3 9.5 0.0 31.4 24 15 Foreign 2.5 4.3 15.1 0.7 58.4 27 12 Exports World 7.1 12.1 6.8 0.1 23.8 27 12 U.S. 20.8 35.3 7.4 0.4 19.7 16 23 Foreign 14.2 24.1 7.8 1.4 19.9 26 13 Domestic Use World 1.7 2.8 13.2 0.2 36.8 22 17 U.S. 4.2 7.1 6.9 0.2 17.0 22 17 Foreign 1.8 3.1 11.6 1.1 39.2 25 14 Ending Stocks World 16.3 27.7 21.2 0.1 171.8 31 8 U.S. 28.2 47.9 9.9 0.3 43.5 20 19 Foreign 17.0 28.8 15.6 0.2 154.8 31 8 RICE, milled Production World 2.3 3.9 6.5 0.1 24.4 25 14 U.S. 5.6 9.5 0.3 0.0 0.7 20 19 Foreign 2.3 4.0 6.4 0.4 24.7 26 13 Exports World 9.2 15.6 1.7 0.0 6.9 27 12 U.S. 11.5 19.5 0.2 0.0 1.0 19 18 Foreign 10.2 17.3 1.7 0.1 6.8 26 13 Domestic Use World 1.8 3.1 4.3 0.1 23.5 29 10 U.S. 8.4 14.2 0.2 0.0 0.5 18 21 Foreign 1.9 3.2 4.3 0.0 24.0 28 11 Ending Stocks World 12.3 21.0 6.3 0.1 27.3 31 8 U.S. 30.2 51.2 0.2 0.0 1.0 23 15 Foreign 13.3 22.6 6.3 0.1 27.1 31 8 1/ Footnotes at end of table. CONTINUED August 2020 WASDE - 603 - 36 Reliability of August Projections ( Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metr ic Tons Production World 4.7 7.9 7.3 0.3 26.7 22 17 U.S. 6.0 10.2 3.3 0.0 11.1 21 17 Foreign 7.5 12.8 6.7 1.1 26.4 19 20 Exports World 7.1 12.0 3.4 0.2 11.6 26 13 U.S. 12.4 21.0 3.0 0.0 9.8 22 16 Foreign 19.3 32.7 3.0 0.0 13.6 20 19 Domesti c Use World 3.5 5.9 4.9 0.0 15.9 24 15 U.S. 5.0 8.5 1.8 0.0 4.6 25 14 Foreign 4.0 6.8 4.5 0.6 11.3 23 16 Ending Stocks World 16.6 28.3 4.7 0.1 23.5 20 19 U.S. 44.9 76.2 2.7 0.3 7.3 13 26 Foreign 18.8 31.8 4.4 0.2 21.3 23 16 COTTON Million 480 -Pound Bales Production World 5.0 8.4 3.5 0.0 13.2 21 17 U.S. 7.7 13.1 1.0 0.0 3.9 19 19 Foreign 5.4 9.1 3.0 0.0 10.9 21 17 Exports World 9.7 16.4 2.4 0.1 10.2 18 21 U.S. 21.5 36.5 1.2 0.0 3.2 20 19 Foreign 12.4 21.1 1.8 0.1 8.5 20 19 Domestic Use World 5.1 8.7 3.5 0.3 20.7 15 24 U.S. 9.7 16.5 0.4 0.0 1.3 18 18 Foreign 5.2 8.8 3.4 0.3 20.1 16 23 Ending Stocks World 15.0 25.5 5.8 0.2 18.5 27 12 U.S. 39.7 67.3 1.4 0.0 5.1 14 24 Foreign 15.2 25.8 5.2 0.1 18.6 29 10 1/ Marketing years 1981/82 through 2019/20 for grains, soybeans (U.S. only), and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2018/19, and for 2019/2 0 the last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. August 2020 WASDE - 603 - 37 Reliability of United States August Projections 1/ Differences b etween fore cast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 6.5 11.1 356 1 1,079 23 16 Exports 21.8 36.9 267 12 750 16 23 Domestic Use 4.5 7.7 279 10 590 24 15 Ending Stocks 33.5 56.8 365 12 1,674 19 20 SORGHUM Production 7.9 13.4 32 1 108 20 19 Exports 34.2 58.1 44 1 160 19 20 Domestic Use 27.5 46.7 44 0 130 18 19 Ending Stocks 55.5 94.1 36 2 201 15 24 BARLEY Production 6.1 10.3 15 1 67 14 25 Exports 65.6 111.3 13 0 82 17 18 Domestic Use 10.0 17.0 23 0 82 13 25 Ending Stocks 19.1 32.4 21 0 94 18 20 OATS Production 10.0 17.0 13 1 57 7 32 Exports 95.7 162.3 1 0 8 9 12 Domestic Us e 7.1 12.1 14 1 39 11 28 Ending Stocks 23.5 39.9 15 0 40 17 21 SOYBEAN MEAL Thousand Short Tons Production 5.0 8.5 1,353 32 3,669 28 11 Exports 15.7 26.7 942 50 3,500 24 15 Domestic Use 4.1 6.9 822 24 3,800 24 15 Ending Stocks 42.6 72.3 51 0 428 12 15 SOYBEAN OIL Million Pounds Production 5.0 8.4 656 11 2,290 26 13 Exports 33.1 56.2 410 0 1,575 18 18 Domestic Use 4.3 7.4 501 8 2,200 25 14 Ending Stocks 32.8 55.7 469 0 1,472 21 17 ANIMAL PROD. Million Pounds Beef 4.1 6.9 808 110 2,536 25 13 Pork 3.0 5.1 397 10 1,375 23 15 Broilers 2.2 3.8 570 49 1,338 21 17 Turkeys 3.8 6.5 148 2 458 21 17 Million Dozen Eggs 1.9 3.2 111 4 394 25 13 Billion Pounds Milk 1.7 2.8 2.1 0.1 7.0 21 17 1/ See pages 35 an d 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2019/20 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2018/19, and for 2019/20 the last month’s estimate. Calendar years 1982 through 2019 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2019. WASDE- 603-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. IPAD is located at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ To subscribe to receive WASDE -related notifications by email or text message visit https://public.govdelivery.com/accounts/USDAOC/subscriber/new?topic_id=USDAOC_223 . Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at 202 -720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE -603 – August 12, 2020 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and empl oyer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 589 Approved by the World Agricultura l Outlook Board June 11, 2019 WHEAT: U.S. 2019/20 wheat supplies are down with lower beginning stocks partly offset by slightly higher production. Beginning stocks are down 25 million bushels on increased 2018/19 exports. Winter wheat production is forecast up 6 million bushels to 1,274 million with an increase to Hard Red Winter more than offsetting decreases for Soft Red Winter and White Winter. Total wheat production is now forecast at 1,903 million bushels, up 5.8 million bushels from the May forecast. Exports for 2019/20 are unchanged at 900 million bushels but feed and residual use is raised 50 million bushels to 140 million on reduced projected corn supplies. Ending stocks are lowered 69 million bushels to 1,072 million, and the season- average farm price is raised $0.40 per bushel to $5.10. The price increase reflects sharply higher whea t futures prices and reduced 2019/20 corn supplies. World 2019/20 wheat supplies are raised 4.9 million tons on a 1.6- million -ton increase in beginning stocks and a 3.3- million -ton increase in global production. India’ s wheat crop is raised 1.2 million tons on updated government data. Production in Russia and Ukraine are each raised 1.0 million tons reflecting favorable weather to date. Projected 2019/20 global trade is expanded 0.8 million tons with a 1.0- million -ton increase for Russia and a 0.5- million- ton increase for Ukraine, both due to larger crops. Russian exports are now projected at 37.0 million tons and Ukraine exports are projected at a record 19.5 million. Partly offsetting is a 0.5- million -ton decrease for EU exports with greater competition from Black Sea origins. Projected 2019/20 world consumption is raised 3.6 million tons on both higher food and feed and residual use. With supplies rising more than use, ending stocks are projected up 1.3 million tons to a record 294.3 million. COARSE GRAINS: This month’s 2019/20 U.S. corn outlook is for increased beginning stocks and imports, sharply lower production, reduced feed and residual use and exports, and smaller ending stocks. Beginning stocks are up reflecting a 100- million -bushel decline in projected exports for 2018/19 to 2.2 billion bushels, based on current outstanding sales and reduced U.S. price competitiveness. Corn production for 2019/20 is forecast to decline 1.4 billion bushels to 13.7 billion, which if realized would be the lowest since 2015/16. Unprecedented planting delays observed through early June are expected to prevent some plantings and reduce yield prospects. USDA will release its Acreage report on June 28, which will provide survey -based indications of planted and harvested area. With sharply lower supplies, use is projected to decline 425 million bushels to 14.3 billion, based on reductions to feed and residual use and exports. With supplies falling more than use, ending stocks are projected to decline 810 million bushels to 1.7 billion, which if realized would be the lowest since 2013/14. The season- average farm price is raised 50 cents to $3.80 per bushel. This month’s 2019/20 foreign coarse grain outlook is for lower production, increased trade and lower stocks relative to last month. Argentina corn production is raised on increased WASDE -589-2 area with higher prices. Canada corn production is lowered on reductions to both area and yield with planting delays in Ontario. Russia corn production is higher based on government data indicating larger -than- expected planted area. Barley production is lowered for the EU reflecting a reduction for Spain. For 2018/19, Brazil corn production is raised based on the latest government statistics. Major global trade changes for 2019/20 include larger forecast corn exports for Argentina and Russia, with a partly offsetting reduction for Zambia. For 2018/19, exports are raised for Brazil and Argentina for the local marketing year beginning in March 2019 based on higher - than- expected sh ipments during May. Foreign corn ending stocks are lowered from last month mostly reflecting reductions for Argentina, Brazil, Canada, and the EU. RICE : The outlook for 2019/20 U.S. rice this month is for lower supplies, reduced domestic use and exports, and lower ending stocks. Projected U.S. all rice production is lowered 20.1 million cwt or 9 percent to 198.1 million with all of the decrease in long- grain, primarily on a reduction in planted area. The excessive spring precipitation in the Delta is expected to result in lower rice area in this region compared to the NASS Prospective Plantings intended acreage, issued March 29. Partially offsetting the smaller production are higher projected imports, which are raised by 1.2 million cwt to a record large 29.2 million with increases for both long -grain and medium - and short -grain. All rice projected domestic and residual use is lowered 7.0 million cwt to 133.0 million, mainly the result of reduced long- grain supplies. Projected all rice exports are reduced 1.0 million cwt to 100.0 million. The reduction in long-grain exports on higher projected prices is partially offset by increased medium - and short - grain exports as a portion of outstanding sales from the 2018/19 market year are expected to be shifted to 2019/20. Projected 2019/20 all rice ending stocks are lowered 7.2 million cwt to 51.6 million with long- grain accounting for all of the reduction. The projected 2019/20 all rice season- average farm price (SAFP) is raised by $0.50 per cwt to $11.70 with increases in the projected SAFPs of all rice classes this month. Global 2019/20 rice supplies are decreased by 0.5 million tons to 667.8 million as higher carryin stocks are more than offset by lower production. Global production is down as reductions for the United States, North Korea, and Thailand are not completely offset by higher projected production for Madagascar, Egypt, and the EU. World 2019/20 consumption is lowered fractionally to 496.0 million tons on reduced expected use in C hina, North Korea, and the United States more than offsetting higher use in Madagascar, Bangladesh, Burma, and Egypt. Global 2019/20 trade is lowered 0.4 million tons to 47.2 million as reduced exports by India, Burma, and the United States are not completely offset by higher exports by China. Projected world ending stocks are adjusted lower this month to 171.9 million tons but remain record large. OILSEEDS : This month ’s U.S. soybean supply and use projections for 2019/20 include higher beginning and ending stocks. Beginning stocks are raised reflecting a 75- million - bushel reduction in projected exports for 2018/19 based on lower -than- expected shipments in May and a lower import forecast for China. Although adverse weather has significantly slowed soybean planting progress this year, area and production forecasts are unchanged with several weeks remaining in the planting season. With soybean use unchanged, 2019/20 ending stocks are projected at 1,045 million bushels, down 25 million from the revised 2018/19 projection. Other changes for 2018/19 include increased soybean meal imports and WASDE -589-3 exports, reduced soybean oil used for biodiesel production, and higher soybean oil ending stocks. The 2019/20 season- average price for soybeans is forecast at $8.25 per bushel, up 15 cents reflecting the impact of higher corn prices. Soybean meal prices are forecast at $295 per short ton, up 5 dollars. The soybean oil price forecast is unchanged at 29.5 cents per pound. The 2019/20 global soybean supply and use proj ections include lower production and stocks compared to last month. Global production is down 0.3 million tons to 355.4 million due to lower crops for Ukraine and Zambia. The 2019/20 soybean ending stocks are lowered 0.4 million tons mainly reflecting lower carryin due to revisions to 2018/19 balance sheets. Beginning stocks for 2019/20 are reduced for Argentina and China offsetting higher stocks for the United States. For Argentina, stocks are lowered on a 1.5- million -ton increase to exports to 7.8 million for 2018/19 based on the recent pace of shipments. Beginning stocks are lowered for China due to a 1- million -ton decrease to imports to 85 million for 2018/19. SUGAR : U.S. sugarbeet production for 2019/20 is projected at 33.916 million tons, up 1 percent from last month. Overall planting progress in the United States advanced beyond the pace indicated last month to move the yield forecast to 30.8 tons/acre, up from 30.5. Based on average levels of beet pile shrink and slicing recovery, beet sugar production from this crop is projected at 4.992 million short tons, raw value (STRV) with production occurring in August and September at 511,111. This results in fiscal 2018/19 beet sugar production at 4.920 million STRV, a gain of 9,509 STRV. This incr ease is largely offset by lower 2018/19 Florida cane sugar production reported by processors. High-tier tariff imports for 2018/19 are increased by 20,000 STRV to 90,000 based on the pace of entries to date. These supply changes result in ending stocks for 2018/19 residually increasing to 1.526 million STRV, implying a stocks- to-use ratio of 12.40 percent, up marginally over last month. Beet sugar production for 2019/20 is projected at 5.154 million STRV based on the larger sugarbeet crop. This increase is partially offset by lower cane sugar production in Texas due to weather -related area reductions for the 2019/20 crop as reported by the processor. With no changes to imports or use, the combination of higher beginning stocks of 20,469 STRV and a net production increase of 23,457 STRV implies ending stocks of 1.528 million and a stocks- to-use ratio of 12.37 percent. Mexico sugar production for 2018/19 is estimated at 6.400 million metric tons (MT) based on CONADESUCA -estimated area of 796,770 hectares (ha) and USDA estimates of yield at 71.08 MT/ha and sucrose recovery of 11.30 percent. Mexico sugar production for 2019/20 is projected at 6.183 million MT assuming the same area as in 2018/19 and 5- year averages of sugarcane yield and sucrose recovery. With no other changes, the changes to production result in exports to non- U.S. destinations of 1.386 million MT in 2018/19 and 263,100 MT in 2019/20, based on CONADESUCA targets for ending stocks. LIVESTOCK, POULTRY, AND DAIRY : The forecast for 2019 red meat and poultry production is reduced from last month as lower forecast beef, pork, and turkey production more than offset higher broiler production. The decline in beef production largely reflects lower steer and heifer slaughter in the second half of the year. Forecast pork production is lowered from last month primarily as the pace of slaughter to date has been slower than WASDE -589-4 expected. The broiler production forecast is raised on recent hatchery data and expected heavier bird weights. Turkey production is lowered slightly on production data to date. The 2020 red meat and poultry production forecast is lowered from the previous month. Production growth for livestock and poultry is expected to be slower as producers respond to higher feed costs. The beef production forecast is reduced on lower expected steer and heifer slaughter as incentives to add weight on pasture slows the pace of feedlot placements. The beef import forecast is raised for 2019 on recent trade data, but the export forecast is reduced from the previous month on the current pace of beef exports to a number of trading partners. No change is made to the 2020 beef trade forecasts. Pork export forecasts for 2019 and 2020 are raised from the previous month, largely reflecting the removal of Mexico ’s tariffs on U.S. pork products in late May. The 2019 broiler export forecast is reduced slightly on recent trade data; no change is made to the 2020 broiler export forecast. The turkey export forecast is unchanged for 2019 and 2020. For 2019, the cattle, hog , and broiler price forecasts are reduced from last month, reflecting current price weakness. The 2019 turkey price forecast is raised slightly on higher second-quarter prices. For 2020, cattle, broiler, and egg price forecasts are reduced on continued demand weakness. The 2020 hog price forecast remains unchanged as slower production growth and stronger exports support prices. The 2020 turkey price forecast is unchanged. Milk production for 2019 is lowered from last month on slower -than- anticipated growth in milk per cow and lower expected cow numbers. The 2020 milk production forecast is reduced from last month as higher expected feed costs are expected to weaken producer margins, limiting growth in the dairy cow herd and milk per cow next year. The 2019 and 2020 fat basis import forecasts are unchanged from the previous month. The 2019 fat basis export forecast is reduced from the previous month, as gains in cheese exports due to the elimination of tariffs by Mexico only partly of fset weakness in butterfat exports to other markets. The 2020 fat basis export forecast is unchanged. The skim -solids basis import forecast for 2019 is raised from last month on increased imports of milk protein products while the 2020 skim -solids basis i mport forecast is unchanged. The skim -solids basis export forecast for 2019 is reduced on current weakness in exports of nonfat dry milk (NDM) , while exports of lactose are expected to be constrained by the additional tariffs imposed by China. The 2020 sk im-solids basis export forecast is lowered on continued weakness in sales of lactose. The 2019 cheese and whey price forecasts are reduced from the previous month while NDM and butter price forecasts are raised. For 2020, cheese and butter price forecasts are raised from the previous month, while NDM is unchanged. The whey price forecast is fractionally lower for 2020. The 2019 Class III price is reduced on lower cheese and whey price forecasts and the Class IV price forecast is raised on higher forecast butter and NDM prices. Class III and Class IV prices are raised in 2020. The all milk price forecast is reduced to $18.00 per cwt for 2019 but is raised to $18.90 per cwt for 2020. WASDE -589-5 COTTON : The 2019/20 U.S. cotton supply and demand projections are unchanged from last month, with the exception of a 1- cent decline in the season- average upland farm price, to 64 cents per pound. The 2018/19 U.S. cotton balance sheet is unchanged. The world 2019/20 cotton projections include higher beginning stocks, slightly lower production, lower consumption and trade, and higher ending stocks. Ending stocks for 2019/20 are projected 1.6 million bales higher than in May, due to a 1.1- million -bale increase in beginning stocks and a 660,00 0-bale decline in consumption. Beginning stocks are higher largely due to larger 2018/19 production in India and lower 2018/19 consumption in China. World consumption and imports in 2019/20 are projected lower largely due to a 500,000- bale decline in each variable’ s forecast for China. Lower exports are expected for Australia due to lower production, but higher expected exports from India are partly offsetting. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Seth D. Meyer , (202) 720- 6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY : TED McKINNEY SECRETARY OF AGRICULTURE DESIGNATE WASDE -589-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers, ICEC Chair, WA OB, william. [email protected] Jennifer Bond, ERS; Andrew Sowell, FAS; Pete Riley, FPAC. Rice: William Chambers, ICEC Chair, WAOB, william. [email protected] Nathan Childs, ERS; Rachel Trego, FAS; Vidalina Abadam , FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, michael .jewison@ usda.gov Tom Capehart, ERS; Yoonhee Macke, FAS; Erik Dohlman, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, keith. [email protected] Mark Ash, ERS; Bill George, FAS; Sherrie Grimm , FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, stephen.macdonald3@ usda.gov Leslie Meyer, ERS; James Johnson, FAS; Erik Dohlman, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, stephen. [email protected] Michael McConnell, ERS; Ron Lord, FAS; Barbara Fecso, FP AC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Lindsay Kuberka, FAS; Ryan Pfirrmann- Powell, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Kim Ha, ERS; Claire Mezoughem, FAS; Milton Madison, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Milton Madison, FPAC. In 2019, the WASDE report will be released on July 11, Aug 12, Sep 12, Oct 10, Nov 8, and Dec 10 WASDE -589-7 T A B L E OF C O N T E N T S Page Highlights ................................................................................................................. 1 Interagency Commodity Estimates Committees ...................................................... 6 World & U.S. Supply & Use for Grains .................................................................... 8 World & U.S. Supply & Use for Cotton .................................................................... 9 World & U.S. S upply & Use for Oilseeds ............................................................... 10 U.S. Wheat Supply & Use ...................................................................................... 11 U.S. Wheat Supply & Use by Class ....................................................................... 11 U.S. Feed Grain & Corn Supply & Use .................................................................. 12 U.S. Sorghum, Barley & Oats Supply & Use ......................................................... 13 U.S. Rice Supply & Use ......................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................. 15 U.S. Sugar Supp ly & Use ...................................................................................... 16 Mexico Sugar Supply and Use .............................................................................. 16 U.S. Cotton Supply & Use ..................................................................................... 17 World Wheat Supply & Use ................................................................................... 18 World Coarse Grains Supply & Use ...................................................................... 20 World Corn Supply & Use ...................................................................................... 22 World Rice Supply & Use ...................................................................................... 24 World Cotton Supply & Use ................................................................................... 26 World Soybean Supply & Use ............................................................................... 28 World Soybean Meal Supply & Use ....................................................................... 29 World Soybean Oil Supply & Use .......................................................................... 30 U.S. Quarterly Animal Product Production ............................................................ 31 U.S. Quarterly Prices for Animal Products ............................................................. 31 U.S. Meats Supply and Use ................................................................................... 32 U.S. Egg Supply & Use .......................................................................................... 33 U.S. Milk Supply and Use ...................................................................................... 33 U.S. Dairy Prices ................................................................................................... 34 Reliability Tables ................................................................................................... 35 Related USDA Reports .......................................................................................... 38 Metric Conversion Factors ..................................................................................... 38 Electronic Access and Subscriptions ...................................................................... 40 June 2019 WASDE - 589 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2017/18 2616.82 3414.23 415.01 2602.35 811.88 2018/19 (Est.) 2625.45 3437.33 427.38 2638.89 798.45 filler filler filler filler filler 2019/20 (Proj.) May 2701.59 3498.20 438.70 2689. 35 808.85 2019/20 (Proj.) Jun 2667.92 3466.37 437.31 2680.41 785.95 filler filler filler filler filler Wheat 2017/18 761.88 1023.97 181.77 743.02 280.95 2018/19 (Est.) 731.69 1012.64 175.66 736.06 276.57 filler filler filler filler filler 2019/20 (Proj.) May 777.49 1052.47 184.60 759.46 293.01 2019/20 (Proj.) Jun 780.83 1057.40 185.40 763.06 294.34 filler filler filler filler filler Coarse Grains 5/ 2017/18 1360.05 1745.77 186.12 1376.92 368.85 2018/19 (Est.) 1394.69 1763.53 204.87 1411.87 351.67 filler filler filler filler filler 2019/20 (Proj.) May 1425.68 1777.39 206.50 1433.77 343.62 2019/20 (Proj.) Jun 1389.47 1741.14 204.73 1421.40 319.74 filler filler filler filler filler Rice, milled 2017/18 494.88 644.50 47.12 482.41 162.09 2018/19 (Est.) 499.07 661.16 46.85 490.96 170.21 filler filler filler filler filler 2019/20 (Proj.) May 498.42 668.35 47.60 496.13 172.22 2019/20 (Proj.) Jun 497.62 667.82 47.18 495.95 171.87 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2017/18 437.43 541.28 94.58 357.94 88.76 2018/19 (Est.) 438.33 534.62 86.90 356.21 91.52 filler filler filler filler filler 2019/20 ( Proj.) May 452.78 550.15 88.13 362.39 99.63 2019/20 (Proj.) Jun 418.00 517.78 84.92 355.91 76.95 filler filler filler filler filler Wheat 2017/18 47.38 83.80 24.52 29.36 29.91 2018/19 (Est.) 51.29 85.00 25.86 29.16 29.99 filler filler filler filler filler 2019/20 (Proj.) May 51.62 86.10 24.49 30.56 31.05 2019/20 (Proj.) Jun 51.78 85.58 24.49 31.92 29.16 filler filler filler filler filler Coarse Grains 5/ 2017/18 384.39 449.49 67.30 324.28 57.92 2018/19 (Est.) 379.92 440.66 58.19 322.76 59.71 filler filler filler filler filler 2019/20 (Proj.) May 394.22 454.53 60.43 327.38 66.72 2019/20 (Proj.) Jun 359.93 423.16 57.25 319.76 46.15 filler filler filler filler filler Rice, milled 2017/18 5.66 8.00 2.76 4.30 0.93 2018/19 (Est.) 7.12 8.96 2.86 4.29 1.82 filler filler filler filler filler 2019/20 (Proj.) May 6.93 9.52 3.21 4.45 1.87 2019/20 (Proj.) Jun 6.29 9.04 3.18 4.22 1.64 filler filler filler filler filler 1/ Aggregate of local marketing ye ars. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). June 2019 WASDE - 589 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2017/18 2,179.39 2,872.95 320.42 2,244.41 723.12 2018/19 (Est.) 2,187.12 2,902.71 340.48 2,282.68 706.93 filler filler filler filler filler 2019/20 (Proj.) May 2,248 .81 2,948.05 350.57 2,326.96 709.22 2019/20 (Proj.) Jun 2,249.91 2,948.59 352.39 2,324.51 709.00 filler filler filler filler filler Wheat 2017/18 714.50 940.17 157.25 713.65 251.04 2018/19 (Est.) 680.40 927.63 149.80 706.90 246.59 filler filler filler filler filler 2019/20 (Proj.) May 725.87 966.37 160.10 728.89 261.97 2019/20 (Proj.) Jun 729.05 971.82 160.90 731.14 265.18 filler filler filler filler filler Coarse Grains 5/ 2017/18 975.67 1,296.28 118.82 1,052.65 310.93 2018/ 19 (Est.) 1,014.77 1,322.88 146.69 1,089.11 291.95 filler filler filler filler filler 2019/20 (Proj.) May 1,031.45 1,322.85 146.08 1,106.39 276.89 2019/20 (Proj.) Jun 1,029.54 1,317.98 147.48 1,101.64 273.59 filler filler filler filler filler Rice, milled 2017/18 489.22 636.50 44.35 478.11 161.16 2018/19 (Est.) 491.96 652.20 43.99 486.67 168.39 filler filler filler filler filler 2019/20 (Proj.) May 491.50 658.83 44.39 491.68 170.35 2019/20 (Proj.) Jun 491.33 658.79 44.01 491.73 170.23 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4 / Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2017/18 123.78 204.09 41.02 122.68 80.94 2018/19 (Est.) 118.87 199.81 42.10 122.31 77.53 filler filler filler filler filler 2019/20 (Proj.) May 125.45 201.92 45.35 125.93 75.69 2019/20 (Proj.) Jun 125.32 202.85 44.75 125.27 77.26 filler filler filler filler filler United States 2017/18 20.92 23.68 15.85 3.23 4.30 2018/19 (Est.) 18.37 22.67 14.75 3.10 4.65 filler filler filler filler filler 2019/20 (Proj.) May 22.00 26.66 17.00 3.10 6.40 2019/20 (Proj.) Jun 22.00 26.66 17.00 3.10 6.40 filler filler filler filler filler Foreign 4/ 2017/18 102.86 180.42 25.17 119.45 76.64 2018/19 (Est.) 100.50 177.14 27.35 119.21 72.88 filler filler filler filler filler 2019/20 (Proj.) May 103.45 175.27 28.35 122.83 69.29 2019/20 (Proj.) Jun 103.32 176.19 27.75 122.17 70.86 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal t o world minus United States. S ee global cotton tables for treatment of export/import imbalances. June 2019 WASDE - 589 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2017/18 580.71 690.56 176.19 484.60 115.95 2018/19 (Est.) 601.35 717.30 172.75 493.79 130.44 filler filler filler filler filler 2019/20 (Proj.) May 598.03 728.66 175.31 503.09 130.42 2019/20 (Proj.) Jun 597.74 728.19 175.20 502.98 130.24 filler filler filler filler filler Oilmeals 2017/18 331.52 348.25 88.13 328.73 16.35 2018/19 (Est.) 336.41 352.75 92.54 333.36 15.97 filler filler filler filler filler 2019/20 (Proj.) May 343.52 359.48 94.92 340.67 15.28 2019/20 (Proj.) Jun 343.10 359.07 94.84 340.47 15.31 filler filler filler filler filler Vegetable Oils 2017/18 198.77 219.18 79.61 192.20 22.09 2018/19 (Est.) 203.95 226.04 84.59 200.45 21.53 filler filler filler filler filler 2019/20 ( Proj.) May 208.22 229.76 87.18 205.90 20.10 2019/20 (Proj.) Jun 208.14 229.77 87.15 205.91 20.16 filler filler filler filler filler United States Output Tota l Supply Tra de Tota l Use 2/ Ending Stocks Oilseeds 2017/18 131.48 142.50 59.19 60.17 13.83 2018/19 (Est.) 133.85 148.83 47.46 61.35 30.84 filler filler filler filler filler 2019/20 (Proj.) May 124.25 154.48 54.30 62.27 28.05 2019/20 (Proj.) Jun 124.25 156.53 54.30 62.27 30.10 filler filler filler filler filler Oilmeals 2017/18 47.03 51.18 13.04 37.58 0.56 2018/19 (Est.) 46.97 51.45 13.00 37.99 0.46 filler filler filler filler filler 2019/20 (Proj.) May 47.80 51.97 12.64 38.90 0.42 2019/20 (Proj.) Jun 47.67 51.97 12.64 38.90 0.42 filler filler filler filler filler Vegetable Oils 2017/18 12.11 18.13 1.35 15.54 1.24 2018/19 (Est.) 12.41 18.27 1.21 15.79 1.27 filler filler filler filler filler 2019/20 (Proj.) May 12.56 18.58 1.06 16.48 1.05 2019/20 (Proj.) Jun 12.56 18.62 1.06 16.48 1.09 filler filler filler filler filler Foreign 3/ Output Tota l Supply Tra de Tota l Use 2/ Ending Stocks Oilseeds 2017/18 449.23 548.06 117.00 424.43 102.12 2018/19 (Est.) 467.50 568.47 125.28 432.44 99.60 filler filler filler filler filler 2019/20 (Proj.) May 473.78 574.19 121.02 440.82 102.36 2019/20 (Proj.) Jun 473.50 571.66 120.91 440.71 100.14 filler filler filler filler filler Oilmeals 2017/18 284.50 297.07 75.09 291.16 15.78 2018/19 (Est.) 289.44 301.30 79.55 295.37 15.51 filler filler filler filler filler 2019/20 (Proj.) May 295.72 307.51 82.28 301.76 14.86 2019/20 (Proj.) Jun 295.43 307.10 82.19 301.57 14.89 filler filler filler filler filler Vegetable Oils 2017/18 186.67 201.05 78.26 176.66 20.85 2018/19 (Est.) 191.54 207.77 83.39 184.66 20.26 filler filler filler filler filler 2019/20 (Proj.) May 195.66 211.18 86.12 189.42 19.05 2019/20 (Proj.) Jun 195.58 211.15 86.09 189.43 19.07 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. June 2019 WASDE - 589 - 11 U.S. Wheat Supply and Use 1/ 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. May Jun Million Acres Area Planted 46.1 47.8 45.8 * 45.8 * Area Harvested 37.6 39.6 39.0 * 39.0 * Bushels Yield per Harvested Acre 46.4 47.6 48.6 * 48.7 * Million Bushels Beginning Stocks 1,181 1,099 1,127 1,102 Production 1,741 1,884 1,897 1,903 Imports 157 140 140 140 Supply, Total 3,079 3,123 3,164 3,145 Food 964 960 965 965 Seed 63 62 68 68 Feed and Residual 51 50 90 140 Domestic, Total 1,079 1,072 1,123 1,173 Exports 901 950 900 900 Use, Total 1,980 2,022 2,023 2,073 Ending Stocks 1,099 1,102 1,141 1,072 Avg. Farm Price ($/bu) 2/ 4.72 5.20 4.70 5.10 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2018/19 (Est.) Beginning Stocks 581 191 205 87 35 1,099 Production 662 587 286 272 77 1,884 Supply, Total 3/ 1,248 847 496 365 167 3,123 Domestic Use 423 279 188 96 86 1,072 Expor ts 340 260 130 200 20 950 Use, Total 763 539 318 296 106 2,022 Ending Stocks, Total Jun 485 309 178 69 61 1,102 Ending Stocks, Total May 501 313 183 69 61 1,127 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. * Planted acres reported in the March 29, 2019, "Prospective Plantings." Harvested acres and yield for other spring wheat and Durum are projected using 10 -year harvested -to-planted ratios by state and 1985-2018 yield trends by state (except for Arizona, California, and Idaho Durum). For May, winter wheat harvested acres and yield reported in the May 10, 2019,"Crop Production." For June, winter wheat harvested ac res and yield reported in the June 11, 2019,"Crop Production." ****************************************************************************** Wheat -by-class projections for 2018/19 will first be published in the July 11, 2019, WASDE. ****************************************************************************** June 2019 WASDE - 589 - 12 U.S. Feed Grain and Corn Supply and U se 1/ FEED GRAINS 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. May Jun Million Acres Area Planted 100.9 100.1 103.0 * 100.0 * Area Harvested 90.5 89.6 93.0 * 90.0 * Metric Tons Yield per Harvested Acre 4.24 4.24 4.24 4.00 Million Metric Tons Beginning Stocks 62.1 57.9 57.2 59.7 Production 384.1 379.7 393.9 359.7 Imports 2.7 2.5 2.8 3.2 Supply, Total 449.0 440.1 453.9 422.6 Feed and Residual 138.5 139.9 143.3 135.6 Food, Seed & Industrial 185.3 182.3 183.5 183.5 Domestic, Total 323.8 322.2 326.8 319.2 Exports 67.3 58.2 60.4 57.2 Use, Total 391.1 380.4 387.2 376.4 Ending Stocks 57.9 59.7 66.7 46.1 CORN 2017/18 2018/19 Est. 2019/20 Pro j. 2019/20 Pro j. May June Million Acres Area P lanted 90.2 89.1 92.8 * 89.8 * Area Harvested 82.7 81.7 85.4 * 82.4 * Bushels Yield per Harvested Acre 176.6 176.4 176.0 * 166.0 * Million Bushels Beginning Stocks 2,293 2,140 2,095 2,195 Production 14,609 14,420 15,030 13,680 Imports 36 35 35 50 Supply, Total 16,939 16,595 17,160 15,925 Feed and Residual 5,304 5,300 5,450 5,150 Food, Seed & Industrial 2/ 7,056 6,900 6,950 6,950 Ethanol & by -products 3/ 5,605 5,450 5,500 5,500 Domestic, Total 12,360 12,200 12,400 12,100 Expor ts 2,438 2,200 2,275 2,150 Use, Total 14,799 14,400 14,675 14,250 Ending Stocks 2,140 2,195 2,485 1,675 Avg. Farm Price ($/bu) 4/ 3.36 3.60 3.30 3.80 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for co rn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data -products/feed -grains-database.aspx. 3/ Corn processed in etha nol plants to produce ethanol and by -products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. * For May, planted acres reported in the March 29, 2019, "Prospect ive Plantings." Harvested acres are projected based on historical abandonment and use for silage. The yield projection is based on a weather -adjusted trend assuming normal mid -May planting progress and summer growing season weather with a stochastic adju stment to account for the asymmetric response of yield to July precipitation. For June, corn area and yield are both lowered reflecting delayed planting progress observed during the month of May and into early June. June 2019 WASDE - 589 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. May Jun Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 5.6 5.7 5.1 * 5.1 * Area Har vested (mil. acres) 5.0 5.1 4.6 * 4.6 * Yield (bushels/acre) 71.7 72.1 67.4 * 67.4 * Beginning Stocks 33 35 60 60 Production 362 365 310 310 Imports 2 0 0 0 Supply, Total 397 400 370 370 Feed and Residual 97 155 125 125 Food, Seed & Industrial 60 100 100 100 Total Domestic 157 255 225 225 Exports 205 85 100 100 Use, Total 362 340 325 325 Ending Stocks 35 60 45 45 Avg. Farm Price ($/bu) 2/ 3.22 3.20 3.00 3.50 Filler Filler Filler Filler Filler BARLEY 2017/18 2018/19 Est. 2019/20 Pro j. 2019/20 Pro j. May June Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.5 2.5 2.6 * 2.6 * Area Harvested (mil. acres) 2.0 2.0 2.1 * 2.1 * Yield (bushels/acre) 73.0 77.4 74.8 * 74.8 * Beginning Stocks 106 94 89 89 Production 143 153 157 157 Imports 9 6 10 10 Supply, Total 259 254 256 256 Feed and Residual 2 5 10 10 Food, Seed & Industrial 157 155 153 153 Total Domestic 159 160 163 163 Exports 5 5 3 3 Use, Total 164 165 166 166 Ending Stocks 94 89 90 90 Avg. Farm Price ($/bu) 2/ 4.47 4.60 4.20 4.65 Filler Filler Filler Filler Filler OATS 2017/18 2018/19 Est. 2019/20 Pro j. 2019/20 Pro j. May June Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.6 2.7 2.6 * 2.6 * Area Harvested (mil. acr es) 0.8 0.9 0.9 * 0.9 * Yield (bushels/acre) 61.7 64.9 66.7 * 66.7 * Beginning Stocks 50 41 33 33 Production 50 56 60 60 Imports 89 85 100 100 Supply, Total 189 182 193 193 Feed and Residual 68 70 80 80 Food, Seed & Industrial 77 77 78 78 Total Domestic 146 147 158 158 Exports 2 2 2 2 Use, Total 148 149 160 160 Ending Stocks 41 33 33 33 Avg. Farm Price ($/bu) 2/ 2.59 2.65 2.60 2.90 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year b eginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. *Planted acres reported in the March 29, 2019, "Prospective Plantings." Harvested area for sorghum, barley and oats based on hist orical average harvested -to-planted ratios. For sorghum the projected yield is the median yield for 1989 -2018. For barley and oats, projected yields are based on the 1990 -2018 linear trends. Yields shown reflect production rounding. June 2 019 WASDE - 589 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. May Jun Million Acres Area Planted 2.46 2.95 2.87 * 2.62 * Area Harvested 2.37 2.92 2.84 * 2.57 * Filler Pounds Yield per Harvested Acre 7,507 7,692 7,697 * 7,717 * Million Hundredweight Beginning Stocks 2/ 46.0 29.4 53.6 57.3 Production 178.2 224.2 218.2 198.1 Imports 27.5 28.7 28.0 29.2 Supply, Total 251.8 282.3 299.8 284.6 Domestic & Residual 3/ 135.4 135.0 140.0 133.0 Exports, Total 4/ 87.0 90.0 101.0 100.0 Rough 28.6 33.0 38.0 38.0 Milled (rough equiv.) 58.4 57.0 63.0 62.0 Use, Total 222.4 225.0 241.0 233.0 Ending Stocks 29.4 57.3 58.8 51.6 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 12.90 12.00 11.20 11.70 Tota l LONG -GRAIN RICE 2017/18 2018/19 Est. 2019/20 Pro j. 2019/20 Pro j. May June Harvested A cres (mil.) 1.75 2.18 Yield (pounds/acre) 7,314 7,517 Beginning Stocks 31.0 20.3 35.3 37.3 Production 127.9 164.0 159.6 139.5 Supply, Total 7/ 182.2 207.3 217.9 200.3 Domestic & Residual 3/ 98.6 106.0 108.0 100.0 Exports 8/ 63.3 64.0 72.0 70.0 Use, Total 161.9 170.0 180.0 170.0 Ending Stocks 20.3 37.3 37.9 30.3 Avg. Farm Price ($/cwt) 6/ 11.50 10.70 10.00 10.50 Filler Filler Filler Filler Filler MEDIUM & SHORT -GRAIN RICE 2017/18 2018/19 Est. 2019/20 Pro j. 2019 /20 Pro j. May June Harvested Acres (mil.) 0.63 0.73 Yield (pounds/acre) 8,048 8,209 Beginning Stocks 11.5 7.6 16.9 18.6 Production 50.4 60.3 58.6 58.6 Supply, Total 7/ 68.2 73.6 80.5 82.9 Domestic & Residual 3/ 36.9 29.0 32.0 33.0 Exports 8/ 23.7 26.0 29.0 30.0 Use, Total 60.6 55.0 61.0 63.0 Ending Stocks 7.6 18.6 19.5 19.9 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 17.00 16.10 14.60 15.10 California 10/ 20.10 17.80 16.50 17.00 Other States 1/ 11.70 12.20 10.50 11.00 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2015/16 -2.9; 2016/17- 3.5; 2017/ 18-1.4. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and endin g stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing- year weighted average price received by farm ers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short -grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the preliminary California SAFP forecast and the final price has averaged $0.98 per cwt from 2014/15- 2017/18, with a high of $3.50 per cwt in 2017/18 and a low of - $0.20 per cwt in 2015/16. 10/ Marketing year beginning October 1. * For May, planted acres reported in March 29 "Prospective Plantings." For June, planted acres are reduced due to excessive precipitation in the Mississippi river delta region. Harvested area for May is estimated using long run harvested -to-planted ratios by rice class. Harvested area for June is reduced on expectations of increased abandonment due to excessive precipitation. June 2019 WASDE - 589 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. May Jun Filler Filler Filler Filler Filler Million Acres Area Planted 90.2 89.2 84.6 * 84.6 * Area Harveste d 89.5 88.1 83.8 * 83.8 * Filler Bushels Yield per Harvested Acre 49.3 51.6 49.5 * 49.5 * Million Bushels Beginning Stocks 302 438 995 1,070 Production 4,412 4,544 4,150 4,150 Imports 22 17 20 20 Supply, Total 4,735 4,999 5,165 5,240 Crushings 2,055 2,100 2,115 2,115 Exports 2,129 1,700 1,950 1,950 Seed 104 98 96 96 Residual 9 31 34 34 Use, Total 4,297 3,929 4,195 4,195 Ending Stocks 438 1,070 970 1,045 Avg. Farm Price ($/bu) 2/ 9.33 8.50 8.10 8.25 Tota l SOYBEAN OIL 2017/18 2018/19 Est. 2019/20 Pro j. 2019/20 Pro j. May June Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,711 1,995 1,865 1,950 Production 4/ 23,772 24,505 24,535 24,535 Imports 335 400 450 450 Supply, Total 25,819 26,90 0 26,850 26,935 Domestic Disappearance 21,376 22,800 23,600 23,600 Biodiesel 3/ 7,134 8,200 8,700 8,700 Food, Feed & other Industrial 14,243 14,600 14,900 14,900 Exports 2,447 2,150 1,800 1,800 Use, Total 23,823 24,950 25,400 25,400 Ending stocks 1,995 1,950 1,450 1,535 Avg. Price (c/lb) 2/ 30.04 28.00 29.50 29.50 Tota l SOYBEAN MEAL 2017/18 2018/19 Est. 2019/20 Pro j. 2019/20 Pro j. May June Filler 1 2 3 4 Thousand Short Tons Beginning Stocks 401 555 450 450 Producti on 4/ 49,226 49,145 49,800 49,650 Imports 495 700 350 500 Supply, Total 50,121 50,400 50,600 50,600 Domestic Disappearance 35,509 35,950 36,600 36,600 Exports 14,057 14,000 13,600 13,600 Use, Total 49,566 49,950 50,200 50,200 Ending Stocks 555 450 400 400 Avg. Price ($/s.t.) 2/ 345.02 305.00 290.00 295.00 Tota l Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybe an oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,100 million bushels for 2018/19 and 2,115 million bushels for 2019/20. *Planted acres are reported in the March 29, 2019 Prospective Plantings report. Harvested acres are based on the 5 -year planted -to-harvested ratio. The projected yield is based on a weather -adjusted trend model and assumes normal summer weather. June 2019 WASDE - 589 - 16 U.S. Sugar Supply and Use 1/ 2017/ 18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. May Jun Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 1,876 2,008 1,505 1,526 Production 2/ 9,293 8,948 9,115 9,138 Beet Sugar 5,279 4,920 5,114 5,154 Cane Sugar 4,014 4,028 4,001 3,985 Florida 1,983 2,005 2,051 2,051 Hawaii 0 0 0 0 Louisiana 1,862 1,875 1,800 1,800 Texas 169 148 150 134 Imports 3,277 2,875 3,219 3,219 TRQ 3/ 1,663 1,538 1,381 1,381 Other Program 4/ 326 350 350 350 Other 5/ 1,287 987 1,488 1,488 Mexico 1,223 897 1,418 1,418 Total Supply 14,445 13,831 13,839 13,883 Exports 170 35 35 35 Deliveries 12,185 12,270 12,320 12,320 Food 12,048 12,125 12,175 12,175 Other 6/ 137 145 145 145 Miscellaneous 82 0 0 0 Total Use 12,438 12,305 12,355 12,355 Ending Stocks 2,008 1,526 1,484 1,528 Stocks to Use Ratio 16.1 12.4 12.0 12.4 Tota l 1/ Fiscal years beginning Oct 1. Data and projections corre spond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2018/19 and 2019/20 are based on Crop Production and processor projections where appropriate. 3/ For 2018/19, WTO raw sugar TRQ shortfall (121) and for 2019/20 (99). 4/ Composed of sugar under the re - export and polyhydric alcohol programs. 5/ Imports from Mexico; and high -tier tariff sugar and syrups not otherwise specified -- for 2018/19 (90) and 2019/20 (70). 6/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE -reported deliveries: 2017/18 -- 278; estimated 2018/19 -- 324; projected 2019/20 -- 340. Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2018/19 Est. May 1,395 6,200 70 4,716 1,954 995 2018/19 Est. Jun 1,395 6,400 70 4,716 2,153 995 2019/20 Proj. May 995 6,100 70 4,776 1,394 995 2019/20 Proj. Jun 995 6,183 70 4,776 1,476 995 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 20 17/18 = 1,593; Estimated Oct -Apr 2018 = 903; Projected 2018/19 = 1,520; Estimated Oct -Apr 2019 = 860; Projected 2019/20 = 1,520. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for co nsumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2018/19 (480 est); 2019/20 (480 proj). Other Deliveries/Ending Year Statistical Adjustments: 2018/19 (0), 2019/20 (0). June 2019 WASDE - 589 - 17 U.S. Cotton Supply and Use 1/ 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. May Jun Filler Filler Filler Filler Filler Area Million Acres Planted 12.72 14.10 13.78 * 13.78 * Harvested 11.10 10.21 12.54 * 12.54 * Filler Pounds Yield per Harvested Acre 905 864 842 * 842 * Million 480 Pound Bales Beginning Stocks 2.75 4.30 4.65 4.65 Production 20.92 18.37 22.00 22.00 Imports 0.00 0.01 0.01 0.01 Supply, Total 23.68 22.67 26.66 26.66 Domestic Use 3.23 3.10 3.10 3.10 Exports, Total 15.85 14.75 17.00 17.00 Use, Total 19.07 17.85 20.10 20.10 Unaccounted 2/ 0.30 0.17 0.16 0.16 Ending Stocks 4.30 4.65 6.40 6.40 Avg. Farm Price 3/ 68.6 70.0 65.0 64.0 Tota l Note: Reliab ility calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pou nd for upland cotton. *Planted area as reported in March 29, 2019 Prospective Plantings. Harvested area based on 10 -year average abandonment by region, with the Southwest adjusted to reflect favorable moisture conditions. Yield based on 5 -year average yi elds by region. June 2019 WASDE - 589 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 262.08 761.88 179.82 146.77 743.02 181.77 280.95 World Less China 147.15 627.55 175.82 129.27 622.02 180.77 149.69 United States 32.13 47.38 4.28 1.39 29.36 24.52 29.91 Total Foreign 229.95 714.50 175.53 145.38 713.65 157.25 251.04 Major Exporters 4/ 36.16 332.71 6.96 89.87 205.54 130.95 39.34 Argentina 0.25 18.50 0.00 0.05 5.45 12.66 0.64 Australia 5.73 20.94 0.16 4.00 7.48 13.85 5.51 Canada 6.86 29.98 0.45 4.52 9.42 21.95 5.92 European Union 5/ 10.72 151.14 5.82 58.00 130.40 23.29 14.00 Russia 10.83 85.17 0.47 20.00 43.00 41.42 12.04 Ukraine 1.77 26.98 0.06 3.30 9.80 17.78 1.24 Major Importers 6/ 160.50 202.93 115.28 37.60 290.24 12.24 176.23 Bangladesh 1.88 1.15 6.15 0.00 7.50 0.00 1.69 Brazil 2.26 4.26 7.02 0.50 12.00 0.23 1.31 China 114.93 134.33 4.00 17.50 121.00 1.00 131.26 Japan 1.21 0.97 5.88 0.75 6.60 0.28 1.18 N. Africa 7/ 14.15 19.25 27.45 2.25 45.23 0.83 14.79 Nigeria 0.20 0.07 5.09 0.05 4.75 0.40 0.20 Sel. Mideast 8/ 16.67 18.36 18.27 4.11 37.91 0.83 14.56 Southeast Asia 9/ 5.60 0.00 25.87 8.94 25.39 1.04 5.03 Selected Other India 9.80 98.51 1.17 5.00 95.83 0.44 13.20 Kazakhstan 3.36 14.80 0.10 2.10 6.90 9.00 2.37 2018/19 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 280.95 731.69 174.22 139.45 736.06 175.66 276.57 World Less China 149.69 600.26 170.72 119.45 611.06 174.46 136.58 United States 29.91 51.29 3.81 1.36 29.16 25.86 29.99 Total Foreign 251.04 680.40 170.41 138.09 706.90 149.80 246.59 Major Exporters 4/ 39.34 302.56 6.74 82.45 196.45 122.50 29.70 Argentina 0.64 19.50 0.01 0.05 5.75 13.00 1.39 Australia 5.51 17.30 0.20 5.70 9.20 9.00 4.81 Canada 5.92 31.80 0.45 4.20 9.10 24.30 4.77 European Union 5/ 14.00 137.22 5.50 52.00 123.10 24.00 9.61 Russia 12.04 71.69 0.50 18.00 40.50 36.00 7.73 Ukraine 1.24 25.06 0.09 2.50 8.80 16.20 1.38 Major Importers 6/ 176.23 199.70 112.38 38.28 294.25 12.06 182.00 Bangladesh 1.69 1.00 5.00 0.00 7.00 0.00 0.69 Brazil 1.31 5.43 7.50 0.50 12.10 0.65 1.49 China 131.26 131.43 3.50 20.00 125.00 1.20 139.99 Japan 1.18 0.88 5.80 0.68 6.53 0.27 1.06 N. Africa 7/ 14.79 21.00 26.85 2.25 46.08 0.70 15.87 Nigeria 0.20 0.06 5.00 0.05 4.66 0.40 0.20 Sel. Mideast 8/ 14.56 17.88 17.18 3.56 37.84 0.54 11.24 Southeast Asia 9/ 5.03 0.00 26.65 8.34 25.54 1.06 5.08 Selected Other India 13.20 99.87 0.02 5.00 95.00 0.45 17.64 Kazakhstan 2.37 13.95 0.08 1.80 6.60 8.50 1.29 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Ir aq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysi a, Philippines, Thailand, and Vietnam. June 2019 WASDE - 589 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ May 274.98 777.49 179.64 150.27 759.46 184.60 293.01 Jun 276.57 780.83 179.98 152.56 763.06 185.40 294.34 World Less China May 134.99 645.49 176.14 129.27 631.46 183.30 146.82 Jun 136.58 648.83 176.48 131.56 635.06 184.10 148.15 United States May 30.67 51.62 3.81 2.45 30.56 24.49 31.05 Jun 29.99 51.78 3.81 3.81 31.92 24.49 29.16 Total Foreign May 244.32 725.87 175.83 147.82 728.90 160.10 261.97 Jun 246.59 729.05 176.17 148.75 731.14 160.90 265.18 Major Exporters 4/ May 27.48 336.80 6.69 88.35 202.15 133.50 35.31 Jun 29.70 338.80 6.69 89.45 204.05 134.50 36.63 Argentina May 0.79 20.00 0.01 0.05 5.75 14.00 1.05 Jun 1.39 20.00 0.01 0.05 5.95 14.00 1.45 Australia May 4.12 22.50 0.15 5.00 8.50 13.50 4.77 Jun 4.81 22.50 0.15 5.50 9.00 13.50 4.96 Canada May 4.87 34.50 0.45 4.50 9.50 24.00 6.32 Jun 4.77 34.50 0.45 4.50 9.50 24.00 6.22 European Union 5/ May 9.91 153.80 5.50 56.50 128.00 27.00 14.21 Jun 9.61 153.80 5.50 56.50 128.00 26.50 14.41 Russia May 6.73 77.00 0.50 18.50 40.50 36.00 7.73 Jun 7.73 78.00 0.50 19.00 41.50 37.00 7.73 Ukraine May 1.06 29.00 0.08 3.80 9.90 19.00 1.23 Jun 1.38 30.00 0.08 3.90 10.10 19.50 1.86 Major Importers 6/ May 181.98 205.17 116.49 40.56 301.48 13.05 189.10 Jun 182.00 204.97 116.89 40.46 301.48 12.85 189.52 Bangladesh May 0.69 1.10 6.50 0.00 7.30 0.00 0.99 Jun 0.69 1.10 6.50 0.00 7.30 0.00 0.99 Brazil May 1.34 5.50 7.50 0.50 12.20 0.80 1.34 Jun 1.49 5.30 7.50 0.50 12.20 0.60 1.49 China May 139.99 132.00 3.50 21.00 128.00 1.30 146.19 Jun 139.99 132.00 3.50 21.00 128.00 1.30 146.19 Japan May 1.06 0.95 5.90 0.70 6.50 0.28 1.13 Jun 1.06 0.95 5.90 0.70 6.50 0.28 1.13 N. Africa 7/ May 15.82 18.87 27.40 2.25 46.65 0.69 14.75 Jun 15.87 18.87 27.40 2.25 46.65 0.69 14.80 Nigeria May 0.20 0.06 5.30 0.05 4.96 0.40 0.20 Jun 0.20 0.06 5.30 0.05 4.96 0.40 0.20 Sel. Mideast 8/ May 11.61 22.46 17.39 3.92 39.01 0.72 11.73 Jun 11.24 22.46 17.39 3.92 39.01 0.72 11.36 Southeast Asia 9/ May 5.03 0.00 27.90 9.04 26.92 1.07 4.95 Jun 5.08 0.00 28.30 8.94 26.92 1.07 5.40 Selected Other India May 17.50 100.00 0.05 5.50 97.00 0.50 20.05 Jun 17.64 101.20 0.02 5.50 97.00 0.50 21.36 Kazakhstan May 1.27 13.80 0.06 1.80 6.60 7.50 1.03 Jun 1.29 13.80 0.06 1.80 6.60 7.50 1.05 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, S audi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietn am. June 2019 WASDE - 589 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 385.71 1,360.05 187.68 837.11 1,376.92 186.12 368.85 World Less China 161.37 1,093.23 171.26 637.86 1,092.77 186.05 145.47 United States 62.17 384.39 2.94 138.61 324.28 67.30 57.92 Total Foreign 323.55 975.67 184.75 698.50 1,052.65 118.82 310.93 Major Exporters 4/ 38.41 252.15 3.69 126.38 170.30 98.79 25.16 Argentina 6.70 39.32 0.01 11.93 17.46 25.00 3.56 Australia 2.65 12.19 0.00 3.94 5.81 6.80 2.24 Brazil 14.49 85.06 1.46 57.70 68.18 25.13 7.71 Canada 5.56 26.24 1.77 15.92 23.23 5.78 4.57 Russia 2.06 41.72 0.13 21.57 31.02 11.52 1.37 Ukraine 3.01 34.07 0.05 8.44 11.82 22.50 2.81 Major Importers 5/ 38.25 245.19 133.73 283.75 367.97 10.02 39.18 European Union 6/ 15.11 152.31 19.40 121.05 162.57 7.92 16.34 Japan 1.69 0.19 17.58 13.75 17.75 0.00 1.71 Mexico 6.00 33.19 16.36 29.20 48.41 0.96 6.18 N. Afr & Mideast 7/ 7.13 29.07 39.15 59.28 67.40 0.13 7.83 Saudi Arabia 2.54 0.26 11.99 12.28 12.70 0.00 2.08 Southeast Asia 8/ 3.29 29.89 14.54 36.17 44.39 1.01 2.33 South Korea 1.81 0.20 10.19 7.80 10.31 0.00 1.90 Selected Other China 224.34 266.82 16.43 199.25 284.15 0.06 223.38 2018/19 Est. Beginning Stocks Produ ction Imports Domes tic Feed Domes tic Total 2/ Exports Ending Stocks World 3/ 368.85 1,394.69 196.44 850.70 1,411.87 204.87 351.67 World Less China 145.47 1,129.28 184.09 652.05 1,121.22 204.80 141.26 United States 57.92 379.92 2.82 140.11 322.76 58.19 59.71 Total Foreign 310.93 1,014.77 193.62 710.59 1,089.11 146.69 291.95 Major Exporters 4/ 25.16 289.69 5.09 124.56 169.17 125.40 25.37 Argentina 3.56 56.62 0.01 12.50 18.26 37.26 4.67 Australia 2.24 10.89 0.00 3.60 5.65 5.42 2.07 Brazil 7.71 104.31 1.60 58.94 70.44 34.05 9.12 Canada 4.57 26.24 2.26 16.34 23.60 5.95 3.52 Russia 1.37 35.00 0.10 18.70 27.27 8.20 1.00 Ukraine 2.81 44.50 0.04 7.91 11.11 33.53 2.72 Major Importers 5 / 39.18 242.07 144.19 295.75 380.35 9.84 35.25 European Union 6/ 16.34 147.15 25.02 126.00 167.97 7.86 12.67 Japan 1.71 0.18 17.27 13.52 17.51 0.00 1.64 Mexico 6.18 32.50 18.11 31.02 50.26 0.80 5.74 N. Afr & Mideast 7/ 7.83 31.51 39.77 62.57 70.75 0.20 8.17 Saudi Arabia 2.08 0.29 12.61 12.75 13.23 0.00 1.75 Southeast Asia 8/ 2.33 30.17 16.87 37.49 45.51 0.99 2.87 South Korea 1.90 0.20 10.34 8.06 10.57 0.00 1.88 Selected Other China 223.38 265.41 12.35 198.65 290.65 0.07 210.41 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world us e adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia and Ukraine. 5/ The European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Tu rkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. June 2019 WASDE - 589 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Domest ic Feed Domestic Total 2/ Exports Ending Stocks World 3/ May 351.71 1,425.68 200.76 867.21 1,433.77 206.50 343.62 Jun 351.67 1,389.47 201.16 857.04 1,421.40 204.73 319.74 World Less China May 141.29 1,163.20 185.71 670.11 1,138.32 206.44 151.18 Jun 141.26 1,127.00 186.11 659.94 1,125.95 204.67 127.31 United States May 57.17 394.22 3.14 143.49 327.38 60.43 66.72 Jun 59.71 359.93 3.52 135.87 319.76 57.25 46.15 Total Foreign May 294.54 1,031.45 197.63 723.72 1,106.39 146.08 276.89 Jun 291.95 1,029.54 197.64 721.18 1,101.64 147.48 273.59 Major Exporters 4/ May 27.88 299.57 2.93 130.45 177.04 124.23 29.12 Jun 25.37 299.37 2.93 129.13 175.67 125.73 26.28 Argentina May 7.22 56.56 0.01 13.48 19.94 35.31 8.54 Jun 4.67 57.26 0.01 13.18 19.64 36.31 5.99 Australia May 1.96 12.75 0.00 4.50 6.57 6.17 1.97 Jun 2.07 12.75 0.00 4.50 6.57 6.17 2.09 Brazil May 10.15 104.46 1.60 61.07 73.55 34.01 8.65 Jun 9.12 104.46 1.60 61.07 73.55 34.01 7.62 Canada May 3.52 29.76 1.03 17.10 24.36 5.46 4.49 Jun 3.52 28.36 1.03 16.10 23.36 5.46 4.09 Russia May 1.01 38.40 0.09 19.20 27.95 10.09 1.46 Jun 1.00 38.90 0.09 19.20 27.95 10.59 1.45 Ukraine May 2.32 43.10 0.03 8.43 11.68 31.69 2.08 Jun 2.72 43.05 0.03 8.41 11.63 31.69 2.48 Major Importers 5/ May 35.34 256.52 145.15 302.09 387.74 11.13 38.14 Jun 35.25 255.22 145.12 301.06 386.71 11.13 37.76 European Union 6/ May 12.96 157.83 21.01 125.80 168.32 8.36 15.12 Jun 12.67 156.5 3 21.01 124.80 167.32 8.36 14.53 Japan May 1.64 0.18 17.37 13.52 17.61 0.00 1.58 Jun 1.64 0.18 17.37 13.52 17.61 0.00 1.58 Mexico May 5.74 33.10 19.01 32.41 51.99 1.50 4.36 Jun 5.74 33.10 19.01 32.41 51.99 1.50 4.36 N. Afr & Mideast 7/ May 8.06 33.12 42.32 65.33 73.56 0.29 9.65 Jun 8.17 33.12 42.32 65.33 73.56 0.29 9.75 Saudi Arabia May 1.75 0.25 14.01 13.55 14.00 0.00 2.02 Jun 1.75 0.25 14.01 13.55 14.00 0.00 2.02 Southeast Asia 8/ May 2.77 31.76 16.59 38.86 46.83 0.99 3.30 Jun 2.87 31.76 16.59 38.86 46.83 0.99 3.40 South Korea May 1.88 0.20 10.66 8.29 10.88 0.00 1.85 Jun 1.88 0.20 10.63 8.26 10.85 0.00 1.85 Selected Other China May 210.42 262.48 15.05 197.10 295.45 0.06 192.44 Jun 210.41 262.48 15.05 197.10 295.45 0.06 192.43 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and worl d use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Ca nada, Russia and Ukraine. 5/ The European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, an d Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. June 2019 WASDE - 589 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 351.46 1,077.98 149.94 673.00 1,090.19 148.82 339.25 World Less China 128.44 818.91 146.49 486.00 827.19 148.80 116.73 United States 58.25 371.10 0.92 134.73 313.97 61.94 54.37 Total Foreign 293.21 706.89 149.02 538.27 776.22 86.89 284.88 Major Exporters 4/ 25.32 164.42 1.18 82.63 103.63 73.26 14.03 Argentina 5.27 32.00 0.01 8.50 12.40 22.50 2.38 Brazil 14.02 82.00 0.92 55.00 64.50 25.12 7.31 Russia 0.78 13.20 0.05 7.40 8.30 5.53 0.20 South Africa 3.70 13.10 0.17 6.83 12.23 2.07 2.67 Ukraine 1.55 24.12 0.04 4.90 6.20 18.04 1.47 Major Importers 5/ 21.97 125.99 88.35 154.70 208.85 3.72 23.74 Egypt 1.89 6.40 9.46 13.40 15.90 0.01 1.84 European Union 6/ 7.60 62.03 18.47 57.00 76.50 1.75 9.84 Japan 1.32 0.00 15.67 12.00 15.60 0.00 1.39 Mexico 5.41 27.57 16.13 24.30 42.50 0.96 5.65 Southeast Asia 7/ 3.28 29.84 14.20 36.10 44.00 1.00 2.32 South Kor ea 1.80 0.07 10.02 7.70 10.00 0.00 1.89 Selected Other 0.00 Canada 2.57 14.10 1.70 8.87 14.02 1.94 2.42 China 223.02 259.07 3.46 187.00 263.00 0.02 222.53 2018/19 Est. Beginning Stocks Production Imports Domes tic Feed Domes tic Total 2/ Exports Ending Stocks World 3/ 339.25 1,120.47 164.14 699.32 1,134.34 172.80 325.38 World Less China 116.73 863.14 159.14 507.32 859.34 172.78 115.54 United States 54.37 366.29 0.89 134.63 309.89 55.88 55.77 Total Fo reign 284.88 754.18 163.25 564.70 824.45 116.92 269.61 Major Exporters 4/ 14.03 208.72 2.08 84.50 107.10 101.50 16.23 Argentina 2.38 49.00 0.01 9.70 13.80 34.00 3.58 Brazil 7.31 101.00 1.00 56.00 66.50 34.00 8.81 Russia 0.20 11.42 0.05 7.50 8.40 3.00 0.26 South Africa 2.67 11.50 1.00 6.50 12.20 1.00 1.97 Ukraine 1.47 35.81 0.03 4.80 6.20 29.50 1.60 Major Importers 5/ 23.74 127.18 97.10 168.00 222.55 4.29 21.18 Egypt 1.84 6.80 9.70 13.70 16.20 0.01 2.13 European Union 6/ 9.84 63.40 23.50 67.00 87.00 2.50 7.24 Japan 1.39 0.00 15.50 11.90 15.50 0.00 1.40 Mexico 5.65 26.70 17.50 25.70 43.90 0.80 5.15 Southeast Asia 7/ 2.32 30.12 16.60 37.40 45.20 0.98 2.86 South Korea 1.89 0.08 10.20 8.00 10.30 0.00 1.86 Selected Other 0.00 Canada 2.42 13.90 2.20 9.30 14.50 2.00 2.02 China 222.53 257.33 5.00 192.00 275.00 0.02 209.84 1/ Aggregate of local marketing years. 2/ T otal foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. June 2019 WASDE - 589 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ May 325.94 1,133.78 167.06 705.10 1,145.01 171.61 314.71 Jun 325.38 1,099.19 167.43 696.25 1,134.05 169.84 290.52 World Less China May 116.11 879.78 160.06 515.10 866.01 171.59 122.90 Jun 115.54 845.19 160.43 506.25 855.05 169.82 98.71 United States May 53.23 381.78 0.89 138.44 314.98 57.79 63.13 Jun 55.77 347.49 1.27 130.82 307.35 54.61 42.56 Total Foreign May 272.72 752.00 166.17 566.66 830.04 113.82 251.58 Jun 269.61 751.70 166.16 565.44 826.69 115.23 247.96 Major Exporters 4/ May 19.15 210.00 1.17 87.50 111.70 99.50 19.12 Jun 16.23 211.50 1.17 87.50 111.70 101.00 16.19 Argentina May 6.08 49.00 0.01 10.30 15.00 32.50 7.59 Jun 3.58 50.00 0.01 10.30 15.00 33.50 5.09 Brazil May 9.81 101.00 1.00 58.00 69.50 34.00 8.31 Jun 8.81 101.00 1.00 58.00 69.50 34.00 7.31 Russia May 0.26 13.00 0.04 7.60 8.50 4.50 0.30 Jun 0.26 13.50 0.04 7.60 8.50 5.00 0.30 South Africa May 1.40 14.00 0.10 6.60 12.30 1.50 1.70 Jun 1.97 14.00 0.10 6.60 12.30 1.50 2.27 Ukraine May 1.60 33.00 0.02 5.00 6.40 27.00 1.22 Jun 1.60 33.00 0.02 5.00 6.40 27.00 1.22 Major Importers 5/ May 21.38 130.27 95.10 165.60 221.15 4.49 21.11 Jun 21.18 130.27 95.10 165.60 221.15 4.49 20.91 Egypt May 2.13 7.20 10.00 14.40 16.90 0.01 2.42 Jun 2.13 7.20 10.00 14.40 16.90 0.01 2.42 European Union 6/ May 7.54 64.20 20.00 61.00 81.50 2.00 8.24 Jun 7.24 64.20 20.00 61.00 81.50 2.00 7.94 Japan May 1.40 0.00 15.60 11.90 15.60 0.00 1.40 Jun 1.40 0.00 15.60 11.90 15.60 0.00 1.40 Mexico May 5.15 27.00 18.50 27.00 45.50 1.50 3.65 Jun 5.15 27.00 18.50 27.00 45.50 1.50 3.65 Southeast Asia 7/ May 2.76 31.71 16.40 38.80 46.60 0.98 3.29 Jun 2.86 31.71 16.40 38.80 46.60 0.98 3.39 South Korea May 1.86 0.08 10.50 8.20 10.60 0.00 1.84 Jun 1.86 0.08 10.50 8.20 10.60 0.00 1.84 Selected Other Canada May 2.02 15.40 1.00 9.50 14.70 1.50 2.22 Jun 2.02 14.00 1.00 8.50 13.70 1.50 1.82 China May 209.84 254.00 7.00 190.00 279.00 0.02 191.82 Jun 209.84 254.00 7.00 190.00 279.00 0.02 191.82 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indone sia, Malaysia, Philippines, Thailand, and Vietnam. June 2019 WASDE - 589 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 149.62 494.88 46.77 482.41 47.12 162.09 World Less China 51.12 346.01 41.27 339.92 45.73 53.09 United States 1.46 5.66 0.88 4.30 2.76 0.93 Total Foreign 148.16 489.22 45.90 478.11 44.35 161.16 Major Expor ters 4/ 27.64 181.69 0.76 144.77 36.45 28.88 Burma 0.55 13.20 0.01 10.20 2.75 0.81 India 20.55 112.76 0.00 98.67 12.04 22.60 Pakistan 1.34 7.50 0.00 3.40 4.01 1.42 Thailand 4.24 20.58 0.25 11.00 11.06 3.01 Vietnam 0.97 27.66 0.50 21.50 6.59 1.03 Major Importers 5/ 108.57 241.05 21.36 248.30 1.82 120.86 China 98.50 148.87 5.50 142.49 1.39 109.00 European Union 6/ 1.19 2.03 2.01 3.70 0.35 1.18 Indonesia 2.92 37.00 2.35 38.10 0.00 4.16 Nigeria 1.74 4.66 2.00 7.10 0.00 1.30 Philippines 2.00 12.24 1.30 13.25 0.00 2.29 Sel. Mideast 7/ 0.86 2.22 3.63 5.81 0.00 0.91 Selected Other 0.00 Brazil 0.53 8.20 0.56 7.75 1.15 0.39 C. Amer & Carib 8/ 0.68 1.64 1.66 3.27 0.04 0.68 Egypt 1.43 4.30 0.09 4.20 0.05 1.56 Japan 2.41 7.79 0.69 8.60 0.06 2.23 Mexico 0.17 0.18 0.81 0.87 0.10 0.20 South Korea 2.00 3.97 0.40 4.75 0.06 1.56 2018/19 Est. Beginning Stocks Production Imports Total /2 Domes tic Exports Ending Stocks World 3/ 162.09 499.07 44.53 490.96 46.85 170.21 World Less China 53.09 350.58 41.03 347.07 44.25 55.71 United States 0.93 7.12 0.91 4.29 2.86 1.82 Total Foreign 161.16 491.96 43.62 486.67 43.99 168.39 Major Exporters 4/ 28.88 184.63 0.66 146.86 35.60 31.71 Burma 0.81 13.18 0.01 10.33 2.80 0.87 India 22.60 115.63 0.00 100.73 12.50 25.00 Pakistan 1.42 7.40 0.00 3.50 4.00 1.32 Thaila nd 3.01 20.72 0.25 10.80 9.80 3.37 Vietnam 1.03 27.71 0.40 21.50 6.50 1.15 Major Importers 5/ 120.86 242.48 17.40 251.10 3.01 126.63 China 109.00 148.49 3.50 143.89 2.60 114.50 European Union 6/ 1.18 1.98 2.00 3.76 0.30 1.10 Indonesia 4.16 37.10 0.50 38.10 0.00 3.66 Nigeria 1.30 4.79 2.20 7.20 0.00 1.09 Philippines 2.29 11.80 3.30 14.00 0.00 3.39 Sel. Mideast 7/ 0.91 2.01 3.85 5.90 0.00 0.87 Selected Other 0.00 Brazil 0.39 7.34 0.80 7.60 0.65 0.28 C. Amer & Carib 8/ 0.68 1.69 1.76 3.41 0.04 0.67 Egypt 1.56 2.80 0.80 4.05 0.02 1.09 Japan 2.23 7.65 0.69 8.56 0.06 1.95 Mexico 0.20 0.19 0.82 0.89 0.09 0.22 South Korea 1.56 3.87 0.41 4.71 0.05 1.07 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excl udes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. June 2019 WASDE - 589 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ May 169.92 498.42 44.96 496.13 47.60 172.22 Jun 170.21 497.62 44.45 495.95 47.18 171.87 World Less China May 54.92 352.42 40.96 351.13 44.60 55.22 Jun 55.71 351.62 40.95 351.25 43.88 55.87 United States May 1.70 6.93 0.89 4.45 3.21 1.87 Jun 1.82 6.29 0.93 4.22 3.18 1.64 Total Foreign May 168.22 491.50 44.07 491.68 44.39 170.35 Jun 168.39 491.33 43.52 491.73 44.01 170.23 Major Exporters 4/ May 31.51 184.90 0.66 148.90 35.80 32.37 Jun 31.71 184.70 0.66 149.00 35.10 32.97 Burma May 0.87 13.30 0.01 10.40 2.80 0.98 Jun 0.87 13.30 0.01 10.50 2.60 1.08 India May 25.00 115.00 0.00 102.00 12.50 25.50 Jun 25.00 115.00 0.00 102.00 12.00 26.00 Pakistan May 1.32 7.50 0.00 3.60 4.00 1.22 Jun 1.32 7.50 0.00 3.60 4.00 1.22 Thailand May 3.17 21.10 0.25 10.90 10.00 3.62 Jun 3.37 20.90 0.25 10.90 10.00 3.62 Vietnam May 1.15 28.00 0.40 22.00 6.50 1.05 Jun 1.15 28.00 0.40 22.00 6.50 1.05 Major Importers 5/ May 126.87 241.25 17.33 253.01 3.40 129.03 Jun 126.63 241.28 16.68 252.81 3.71 128.07 China May 115.00 146.00 4.00 145.00 3.00 117.00 Jun 114.50 146.00 3.50 144.70 3.30 116.00 European Union 6/ May 1.04 2.01 2.00 3.75 0.30 1.00 Jun 1.10 2.04 2.00 3.75 0.30 1.09 Indonesia May 3.66 37.40 0.50 38.00 0.00 3.56 Jun 3.66 37.40 0.50 38.00 0.00 3.56 Nigeria May 1.09 4.90 2.40 7.30 0.00 1.09 Jun 1.09 4.90 2.40 7.30 0.00 1.09 Philippines May 3.39 12.20 2.70 14.45 0.00 3.84 Jun 3.39 12.20 2.70 14.45 0.00 3.84 Sel. Mideast 7/ May 0.87 2.03 3.93 6.06 0.00 0.78 Jun 0.87 2.03 3.88 6.06 0.00 0.73 Selected Other Brazil May 0.36 7.34 0.90 7.65 0.55 0.40 Jun 0.28 7.34 0.90 7.65 0.55 0.33 C. Amer & Carib 8/ May 0.67 1.64 1.83 3.43 0.04 0.67 Jun 0.67 1.64 1.83 3.43 0.04 0.67 Egypt May 0.84 3.00 0.50 3.80 0.01 0.53 Jun 1.09 3.05 0.60 3.90 0.01 0.83 Japan May 1.95 7.70 0.69 8.48 0.06 1.79 Jun 1.95 7.70 0.69 8.48 0.06 1.79 Mexico May 0.22 0.20 0.79 0.91 0.10 0.20 Jun 0.22 0.20 0.79 0.91 0.10 0.20 South Korea May 1.07 3.88 0.41 4.50 0.06 0.81 Jun 1.07 3.88 0.41 4.50 0.06 0.81 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ Worl d imports and exports may not balance due to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade ex cludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. June 2019 WASDE - 589 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2017/18 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 80.31 123.78 41.02 122.68 41.02 0.47 80.94 World Less China 34.39 96.28 35.29 81.68 40.89 0.47 42.92 United States 2.75 20.92 3/ 3.23 15.85 0.30 4.30 Total Foreign 77.56 102.86 41.02 119.45 25.17 0.17 76.64 Major Exporters 4/ 21.94 57.10 2.46 32.75 21.79 0.02 26.94 Central Asia 5/ 2.18 6.50 3/ 3.38 2.60 0.00 2.71 Afr. Fr. Zone 6/ 1.46 5.44 3/ 0.14 5.06 0.00 1.70 S. Hemis. 7/ 10.21 15.70 0.24 4.44 8.63 0.01 13.07 Australia 2.19 4.80 3/ 0.04 3.92 0.00 3.04 Brazil 6.93 9.22 0.08 3.40 4.17 0.00 8.66 India 7.88 29.00 1.68 24.15 5.18 0.00 9.23 Major Importers 8/ 54.17 42.93 35.91 82.66 2.34 0.15 47.86 Mexico 0.45 1.56 0.93 1.90 0.35 0.03 0.66 China 45.92 27.50 5.73 41.00 0.13 0.00 38.02 European Union 9/ 0.18 1.53 0.73 0.76 1.37 0.06 0.25 Turkey 1.53 4.00 4.02 7.45 0.33 0.00 1.78 Pakistan 2.32 8.20 3.30 10.80 0.16 0.03 2.83 Indonesia 0.62 3/ 3.50 3.50 0.01 0.00 0.62 Thailand 0.20 3/ 1.15 1.13 0.00 0.03 0.20 Bangladesh 1.63 0.14 7.60 7.50 0.00 0.01 1.86 Vietnam 0.88 3/ 6.95 6.60 0.00 0.00 1.24 2018/19 E st. Beginning Stocks Production Imports Domes tic Use Exports Los s /2 Ending Stocks World 80.94 118.87 42.46 122.31 42.10 0.33 77.53 World Less China 42.92 91.12 33.71 82.31 41.95 0.33 43.16 United States 4.30 18.37 0.01 3.10 14.75 0.17 4.65 Total Foreign 76.64 100.50 42.45 119.21 27.35 0.16 72.88 Major Exporters 4/ 26.94 54.88 2.19 33.86 23.40 0.02 26.73 Central Asia 5/ 2.71 5.48 3/ 3.70 2.20 0.00 2.29 Afr. Fr. Zone 6/ 1.70 5.41 3/ 0.14 5.37 0.00 1.59 S. Hemis. 7/ 13.07 17.36 0.19 4.56 11.19 0.01 14.86 Australia 3.04 2.40 3/ 0.04 4.20 0.00 1.20 Brazil 8.66 12.80 0.05 3.50 5.80 0.00 12.21 India 9.23 26.00 1.55 24.80 4.20 0.00 7.78 Major Importers 8/ 47.86 42.70 37.72 81.13 2.78 0.14 44.23 Mexico 0.66 1.69 0.85 1.95 0.50 0.03 0.72 China 38.02 27.75 8.75 40.00 0.15 0.00 34.37 European Union 9/ 0.25 1.72 0.69 0.75 1.60 0.05 0.26 Turkey 1.78 3.70 3.20 6.60 0.45 0.00 1.63 Pakistan 2.83 7.70 3.00 10.60 0.08 0.03 2.83 Indonesia 0.62 3/ 3.10 3.10 0.01 0.00 0.61 Thailand 0.20 3/ 1.18 1.15 0.00 0.03 0.20 Bangladesh 1.86 0.14 8.00 8.00 0.00 0.01 1.98 Vietnam 1.24 3/ 7.10 7.10 0.00 0.00 1.24 1/ Marke ting year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2 / Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, re flects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikista n, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. June 2019 WASDE - 589 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2019/20 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World May 76.47 125.45 45.35 125.93 45.35 0.31 75.69 Jun 77.53 125.32 44.74 125.27 44.75 0.31 77.26 World Less China May 42.85 97.70 34.35 84.43 45.22 0.31 44.94 Jun 43.16 97.57 34.24 84.27 44.63 0.31 45.76 United States May 4.65 22.00 0.01 3.10 17.00 0.16 6.40 Jun 4.65 22.00 0.01 3.10 17.00 0.16 6.40 filler filler filler filler filler filler filler Total Foreign May 71.82 103.45 45.35 122.83 28.35 0.16 69.29 Jun 72.88 103.32 44.74 122.17 27.75 0.16 70.86 Major Exporters 4/ May 26.42 56.97 2.14 34.81 24.18 0.02 26.51 Jun 26.73 56.78 2.14 34.81 23.64 0.02 27.18 Central Asia 5/ May 2.30 5.57 3/ 3.99 1.79 0.00 2.10 Jun 2.29 5.82 3/ 3.99 1.79 0.00 2.33 Afr. Fr. Zone 6/ May 1.64 6.01 3/ 0.14 5.70 0.00 1.81 Jun 1.59 6.01 3/ 0.14 5.61 0.00 1.85 S. Hemis. 7/ May 15.09 16.40 0.21 4.67 11.93 0.01 15.09 Jun 14.86 15.97 0.21 4.67 11.17 0.01 15.19 Australia May 1.30 2.20 3/ 0.04 2.40 0.00 1.07 Jun 1.20 1.90 3/ 0.04 1.80 0.00 1.27 filler filler filler filler filler filler filler Brazil May 12.21 12.00 0.08 3.60 8.20 0.00 12.48 Jun 12.21 12.00 0.08 3.60 8.20 0.00 12.48 India May 7.13 28.50 1.40 25.30 4.50 0.00 7.23 Jun 7.78 28.50 1.40 25.30 4.80 0.00 7.58 Major Importers 8/ May 43.43 43.52 40.60 83.79 2.90 0.14 40.72 Jun 44.23 43.52 40.00 83.09 2.88 0.14 41.65 Mexico May 0.72 1.75 0.85 2.00 0.55 0.03 0.75 Jun 0.72 1.75 0.85 2.00 0.55 0.03 0.75 China May 33.62 27.75 11.00 41.50 0.13 0.00 30.74 Jun 34.37 27.75 10.50 41.00 0.13 0.00 31.49 European Union 9/ May 0.31 1.78 0.67 0.73 1.69 0.05 0.29 Jun 0.26 1.78 0.67 0.73 1.67 0.05 0.26 Turkey May 1.53 4.10 3.00 6.70 0.38 0.00 1.55 Jun 1.63 4.10 3.00 6.70 0.38 0.00 1.65 Pakistan May 2.78 8.00 2.90 10.70 0.15 0.03 2.81 Jun 2.83 8.00 2.90 10.70 0.15 0.03 2.86 Indonesia May 0.61 3/ 3.20 3.20 0.01 0.00 0.61 Jun 0.61 3/ 3.20 3.20 0.01 0.00 0.61 Thailand May 0.20 3/ 1.18 1.15 0.00 0.03 0.21 Jun 0.20 3/ 1.18 1.15 0.00 0.03 0.21 Bangladesh May 1.98 0.14 8.40 8.40 0.00 0.01 2.11 Jun 1.98 0.14 8.30 8.30 0.00 0.01 2.11 Vietnam May 1.29 3/ 7.60 7.60 0.00 0.00 1.29 Jun 1.24 3/ 7.60 7.50 0.00 0.00 1.34 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Austr alia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3 / Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Ta nzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. June 2019 WASDE - 589 - 28 World Soybean Supply and Use 1/ (Mill ion Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 96.16 341.54 152.92 295.14 338.56 152.96 99.10 World Less China 75.50 326.34 58.82 205.14 232.26 152.82 75.58 United Stat es 8.21 120.07 0.59 55.93 59.00 57.95 11.92 Total Foreign 87.95 221.48 152.32 239.22 279.56 95.01 87.18 Major Exporters 3/ 60.64 171.43 4.89 85.39 94.17 85.57 57.23 Argentina 27.00 37.80 4.70 36.93 43.63 2.11 23.75 Brazil 33.21 122.00 0.18 44.52 46.51 76.18 32.70 Paraguay 0.44 10.30 0.01 3.87 3.94 6.03 0.77 Major Importers 4/ 23.34 19.11 124.51 116.06 140.35 0.43 26.17 China 20.66 15.20 94.10 90.00 106.30 0.13 23.52 European Union 1.15 2.54 14.58 14.95 16.60 0.28 1.40 Southeast Asia 1.15 0.69 7.71 3.46 8.64 0.02 0.88 Mexico 0.15 0.43 4.87 5.25 5.29 0.00 0.17 2018/19 Est. Beginning Stocks Production Imports Domes tic C rus h Domes tic Tota l Exports Ending Stocks World 2/ 99.10 362.08 148.56 301.63 347.25 149.69 112.80 World Less China 75.58 346.18 63.56 215.63 244.15 149.56 91.60 United States 11.92 123.66 0.46 57.15 60.66 46.27 29.13 Total Foreign 87.18 238.41 148.09 244.47 286.59 103.42 83.67 Major Exporters 3/ 57.23 183.98 6.51 88.68 98.31 93.75 55.66 Argentina 23.75 56.00 6.35 42.00 48.90 7.75 29.45 Brazil 32.70 117.00 0.15 42.70 45.35 78.50 26.00 Paraguay 0.77 9.00 0.01 3.90 3.98 5.60 0.20 Major Importers 4/ 26.17 19.79 118.12 114.40 139.69 0.34 24.05 China 23.52 15.90 85.00 86.00 103.10 0.13 21.20 European Union 1.40 2.68 15.50 16.30 17.96 0.18 1.44 Southeast Asia 0.88 0.66 9.09 4.20 9.56 0.04 1.03 Mexico 0.17 0.34 5.23 5.50 5.54 0.00 0.20 2019/20 Proj. Beginning Stocks Production Imports Domes tic C rus h Domes tic Tota l Exports Ending Stocks World 2/ May 113.18 355.66 150.82 308.20 355.42 151.15 113.09 Jun 112.80 355.39 150.82 308.10 355.31 151.05 112.66 World Less China May 90.99 338.66 63.82 222.20 251.72 151.03 90.72 Jun 91.60 338.39 63.82 222.10 251.61 150.93 91.28 United States May 27.09 112.95 0.54 57.56 61.09 53.07 26.41 Jun 29.13 112.95 0.54 57.56 61.09 53.07 28.45 Total Foreign May 86.10 242.72 150.27 250.64 294.33 98.08 86.68 Jun 83.67 242.45 150.27 250.54 294.21 97.98 84.20 Major Exporters 3/ May 57.11 188.10 4.11 92.78 102.76 90.03 56.53 Jun 55.66 188.10 4.11 92.78 102.76 90.03 55.08 Argentina May 30.90 53.00 3.90 45.00 52.15 7.00 28.65 Jun 29.45 53.00 3.90 45.00 52.15 7.00 27.20 Brazil May 26.00 123.00 0.20 43.75 46.50 75.00 27.70 Jun 26.00 123.00 0.20 43.75 46.50 75.00 27.70 Paraguay May 0.20 10.20 0.01 3.95 4.03 6.20 0.18 Jun 0.20 10.20 0.01 3.95 4.03 6.20 0.18 Major Importers 4/ May 25.03 21.07 121.24 115.01 141.16 0.39 25.78 Jun 24.05 21.07 121.24 115.01 141.16 0.39 24.80 China May 22.20 17.00 87.00 86.00 103.70 0.13 22.37 Jun 21.20 17.00 87.00 86.00 103.70 0.13 21.37 European Union May 1.42 2.78 15.10 16.00 17.66 0.23 1.41 Jun 1.44 2.78 15.10 16.00 17.66 0.23 1.43 Southeast Asia May 1.03 0.64 9.99 4.63 10.24 0.04 1.37 Jun 1.03 0.64 9.99 4.63 10.24 0.04 1.37 Mexico May 0.20 0.40 5.80 5.95 5.99 0.00 0.41 Jun 0.20 0.40 5.80 5.95 5.99 0.00 0.41 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags be tween reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includ es Indonesia, Malaysia, Philippines, Vietnam, and Thaila nd). Totals may not add due to rounding. June 2019 WASDE - 589 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.24 232.35 59.99 229.23 63.92 12.43 World Less China 13.24 161.07 59.97 159.13 62.72 12.43 United States 0.36 44.66 0.45 32.21 12.75 0.50 Total Foreign 12.87 187.69 59.54 197.02 51.17 11.92 Major Exporters 3/ 7.24 68.59 0.03 25.51 43.26 7.09 Argentina 3.34 27.93 0.00 3.00 25.35 2.92 Brazil 3.32 34.50 0.02 17.71 16.06 4.06 India 0.58 6.16 0.01 4.80 1.84 0.11 Major Importers 4/ 1.90 20.48 38.62 58.96 0.66 1.38 European Union 0.49 11.81 18.35 30.04 0.40 0.21 Mexico 0.04 4.15 1.82 5.95 0.02 0.04 Southeast Asia 5/ 1.28 2.70 16.72 19.42 0.25 1.04 2018/19 Est. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ 12.43 236.38 63.07 232.74 66.60 12.54 World Less China 12.43 168.27 63.04 165.50 65.70 12.54 United States 0.50 44.58 0.64 32.61 12.70 0.41 Total Foreign 11.92 191.80 62.43 200.13 53.90 12.13 Major Exporters 3/ 7.09 72.50 0.04 26.92 45.65 7.07 Argentina 2.92 31.80 0.00 3.19 28.10 3.44 Brazil 4.06 33.10 0.03 18.13 15.70 3.36 India 0.11 7.60 0.02 5.60 1.85 0.28 Major Importers 4/ 1.38 22.31 39.77 61.21 0.58 1.67 European Union 0.21 12.88 18.70 31.04 0.35 0.40 Mexico 0.04 4.35 2.00 6.33 0.02 0.05 Southeast Asia 5/ 1.04 3.28 17.30 20.27 0.22 1.13 2019/20 Proj. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ May 12.54 241.72 65.11 238.45 68.83 12.09 Jun 12.54 241.51 65.25 238.45 68.75 12.09 World Less China May 12.54 173.61 65.06 171.19 67.93 12.09 Jun 12.54 173.39 65.20 171.19 67.85 12.09 United States May 0.41 45.18 0.32 33.20 12.34 0.36 Jun 0.41 45.04 0.45 33.20 12.34 0.36 Total Foreign May 12.13 196.54 64.79 205.25 56.49 11.73 Jun 12.13 196.46 64.79 205.25 56.41 11.73 Major Exporters 3/ May 7.07 75.55 0.04 28.00 48.05 6.61 Jun 7.07 75.55 0.04 28.00 48.05 6.61 Argentina May 3.44 34.00 0.00 3.30 31.00 3.14 Jun 3.44 34.00 0.00 3.30 31.00 3.14 Brazil May 3.36 33.95 0.03 18.95 15.20 3.19 Jun 3.36 33.95 0.03 18.95 15.20 3.19 India May 0.28 7.60 0.02 5.75 1.85 0.29 Jun 0.28 7.60 0.02 5.75 1.85 0.29 Major Importers 4/ May 1.67 22.79 40.81 62.88 0.60 1.79 Jun 1.67 22.79 40.81 62.88 0.60 1.79 European Union May 0.40 12.64 19.00 31.34 0.35 0.35 Jun 0.40 12.64 19.00 31.34 0.35 0.35 Mexico May 0.05 4.70 2.13 6.75 0.02 0.12 Jun 0.05 4.70 2.13 6.75 0.02 0.12 Southeast Asia 5/ May 1.13 3.61 17.90 21.19 0.23 1.23 Jun 1.13 3.61 17.90 21.19 0.23 1.23 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in loc al marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding . June 2019 WASDE - 589 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 3.79 55.17 9.72 54.63 10.51 3.54 World Less China 3.12 39.04 9.23 38.13 10.30 2.97 United States 0.78 10.78 0.15 9.70 1.11 0.91 Total Foreign 3.02 44.39 9.56 44.94 9.40 2.64 Major Exporters 3/ 0.74 19.35 0.33 12.28 7.25 0.89 Argentina 0.28 7.24 0.00 3.08 4.13 0.31 Brazil 0.29 8.54 0.05 6.94 1.51 0.42 European Union 0.16 2.84 0.28 2.23 0.90 0.16 Major Importers 4/ 1.37 18.43 5.78 24.41 0.27 0.89 China 0.67 16.13 0.48 16.50 0.21 0.57 India 0.48 1.39 2.98 4.72 0.01 0.12 North Africa 5/ 0.13 0.70 1.53 2.18 0.06 0.13 2018/19 Est. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ 3.54 56.51 10.95 56.17 11.21 3.62 World Less China 2.97 41.10 10.05 39.92 11.09 3.11 United States 0.91 11.12 0.18 10.34 0.98 0.89 Total Foreign 2.64 45.40 10.76 45.83 10.24 2.73 Major Exporters 3/ 0.89 20.23 0.38 12.52 8.01 0.97 Argentina 0.31 8.20 0.00 3.08 5.10 0.33 Brazil 0.42 8.20 0.05 7.13 1.20 0.34 European Union 0.16 3.10 0.33 2.28 1.00 0.30 Major Importers 4/ 0.89 18.09 6.71 24.57 0.21 0.91 China 0.57 15.41 0.90 16.25 0.13 0.51 India 0.12 1.71 3.40 5.00 0.01 0.23 North Africa 5/ 0.13 0.73 1.63 2.28 0.08 0.13 2019/20 Proj. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ May 3.58 57.69 11.43 57.44 11.77 3.48 Jun 3.62 57.67 11.43 57.44 11.75 3.52 World Less China May 3.07 42.27 10.33 41.05 11.64 2.98 Jun 3.11 42.26 10.33 41.05 11.63 3.02 United States May 0.85 11.13 0.20 10.71 0.82 0.66 Jun 0.89 11.13 0.20 10.71 0.82 0.70 Total Foreign May 2.73 46.56 11.23 46.74 10.95 2.83 Jun 2.73 46.54 11.23 46.74 10.93 2.82 Major Expor ters 3/ May 0.97 20.97 0.38 12.68 8.62 1.03 Jun 0.97 20.97 0.38 12.68 8.62 1.03 Argentina May 0.33 8.80 0.00 3.14 5.65 0.34 Jun 0.33 8.80 0.00 3.14 5.65 0.34 Brazil May 0.34 8.39 0.05 7.20 1.25 0.32 Jun 0.34 8.39 0.05 7.20 1.25 0.32 European Union May 0.30 3.04 0.33 2.31 1.00 0.36 Jun 0.30 3.04 0.33 2.31 1.00 0.36 Major Importers 4/ May 0.91 18.16 7.06 24.97 0.21 0.94 Jun 0.91 18.16 7.06 24.97 0.21 0.94 China May 0.51 15.41 1.10 16.39 0.13 0.50 Jun 0.51 15.41 1.10 16.39 0.13 0.50 India May 0.23 1.71 3.50 5.20 0.01 0.23 Jun 0.23 1.71 3.50 5.20 0.01 0.23 North Africa 5/ May 0.13 0.73 1.66 2.32 0.08 0.12 Jun 0.13 0.73 1.66 2.32 0.08 0.12 1/ Data based on local marketing ye ars except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply m ay not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. June 2019 WASDE - 589 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2018 II 6,726 6,325 13,107 10,687 1,477 12,303 25,410 2,262 55.8 III 6,819 6,315 13,189 10,940 1,431 12,515 25,704 2,300 54.0 IV 6,862 7,031 13,952 10,588 1,518 12,239 26,191 2,331 53.4 Annual 26,872 26,315 53,417 42,601 5,878 49,018 102,435 9,115 217.6 2019 I 6,414 6,838 13,308 10,384 1,446 11,957 25,264 2,307 54.5 II* 6,800 6,535 13,393 10,800 1,450 12,388 25,781 2,345 55.8 III* 7,040 6,675 13,770 11,100 1,460 12,701 26,471 2,335 54.0 IV* 6,950 7,240 14,248 10,750 1,520 12,403 26,651 2,375 53.9 Annual May Proj. 27,269 27,323 54,818 42,99 1 5,881 49,410 104,228 9,362 218.7 Jun Proj. 27,204 27,288 54,719 43,034 5,876 49,449 104,167 9,362 218.2 2020 I* 6,445 7,065 13,567 10,475 1,450 12,051 25,618 2,310 55.5 Annual May Proj. 27,510 28,285 56,023 43,550 5,940 50,036 106,059 9,440 222.7 Jun Proj. 27,420 28,225 55,873 43,350 5,900 49,796 105,669 9,410 221.9 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2018 II 116.72 47.91 115.1 79.6 124.4 16.07 III 110.83 43.90 93.7 80.4 120.8 16.17 IV 115.32 42.77 86.7 81.4 125.6 17.07 Annual 117.12 45.93 97.8 80.2 137.6 16.26 2019 I 125.27 40.67 94.0 82.8 107.3 16.97 II* 118.00 58.00 99.0 85.0 70.0 17.80 III* 110.00 60.00 87.0 86.0 80.0 18.25 IV* 114.00 56.00 80.0 90.0 90.0 19.05 Annual May Proj. 118.5 54.5 93.0 85.5 87.0 18.05 Jun Proj. 117.0 53.5 90.0 86.0 87.0 18.00 2020 I* 124.00 58.00 92.0 84.0 95.0 18.75 Annual May Proj. 121 60 97 88 105 18.80 Jun Proj. 119 60 94 88 100 18.90 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8 -16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. June 2019 WASDE - 589 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stock s Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2018 649 26,938 2,998 30,585 3,156 662 26,767 57.2 2019 Proj. May 662 27,335 3,013 31,010 3,171 675 27,165 57.7 Jun 662 27,270 3,038 30,970 3,161 665 27,145 57.7 2020 Proj. May 675 27,576 2,960 31,211 3,245 660 27,306 57.7 Jun 665 27,486 2,960 31,111 3,245 665 27,201 57.5 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2018 554 26,330 1,042 27,926 5,870 559 21,497 50.9 2019 Proj. May 559 27,337 1,004 28,900 6,246 540 22,114 52.1 Jun 559 27,302 984 28,845 6,466 550 21,829 51.4 2020 Proj. May 540 28,299 965 29,804 6,675 555 22,574 52.9 Jun 550 28,239 945 29,734 6,945 555 22,234 52.1 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2018 1,246 53,507 4,313 59,066 9,032 1,266 48,769 109.5 2019 Proj. May 1,266 54,907 4,282 60,455 9,424 1,256 49,775 111.1 Jun 1,266 54,808 4,292 60,366 9,634 1,256 49,476 110.4 2020 Proj. May 1,256 56,113 4,196 61,565 9,927 1,257 50,381 111.9 Jun 1,256 55,963 4,176 61,395 10,197 1,262 49,936 110.8 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2018 856 42,145 139 43,140 7,068 845 35,227 92.4 2019 Proj. May 845 42,531 133 43,509 7,107 845 35,557 92.7 Jun 845 42,574 133 43,551 7,087 845 35,619 92.9 2020 Proj. May 845 43,084 132 44,061 7,250 840 35,971 93.2 Jun 845 42,886 132 43,863 7,250 840 35,773 92.7 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2018 310 5,878 19 6,207 611 303 5,293 16.2 2019 Proj. May 303 5,881 16 6,199 612 305 5,283 16.0 Jun 303 5,876 16 6,194 612 295 5,288 16.1 2020 Proj. May 305 5,940 16 6,261 630 305 5,326 16.1 Jun 295 5,900 16 6,211 630 305 5,276 15.9 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2018 1,170 48,562 160 49,892 7,763 1,153 40,976 110.0 2019 Proj. May 1,153 48,950 152 50,254 7,788 1,156 41,310 110.2 Jun 1,153 48,988 152 50,292 7,768 1,147 41,377 110.4 2020 Proj. May 1,156 49,569 151 50,876 7,952 1,150 41,774 110.7 Jun 1,147 49,332 151 50,630 7,952 1,153 41,525 110.1 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2018 2,416 102,069 4,473 108,958 16,794 2,419 89,745 219.5 2019 Proj. May 2,419 103,857 4,433 110,709 17,21 2 2,412 91,085 221.3 Jun 2,419 103,796 4,443 110,658 17,402 2,403 90,852 220.8 2020 Proj. May 2,412 105,682 4,347 112,441 17,879 2,407 92,155 222.6 Jun 2,403 105,294 4,327 112,024 18,149 2,415 91,460 220.9 1/ Total including farm pro duction for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ C arcass weight for red meats and certified ready -to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. June 2019 WASDE - 589 - 33 U.S. Egg Supply and Use Commodit y 2017 2018 2019 Proj. 2019 Proj. 2020 Proj. 2020 Proj. May Jun May Jun Eggs Million Dozen Supply Beginning Stocks 142.2 87.5 78.8 78.8 92.0 92.0 Production 8,890.6 9,114.6 9,361.8 9,361.8 9,440.0 9,410.0 Imports 34.2 17.8 18.1 18.1 18.0 18.0 Total Supply 9,067.0 9,219.9 9,458.7 9,458.7 9,550.0 9,520.0 Use Exports 354.9 333.1 281.8 288.8 280.0 280.0 Hatching Use 1,035.2 1,057.5 1,076.3 1,076.4 1,090.0 1,090.0 Ending Stocks 87.5 78.8 92.0 92.0 95.0 95.0 Disappearance Total 7,589.4 7,750.5 8,008.6 8,001.5 8,085.0 8,055.0 Per Capita (number) 279.9 284.0 291.7 291.5 292.8 291.7 Tota l U.S. Milk Supply and Use Commodi ty 2017 2018 2019 Proj. 2019 Proj. 2020 Proj. 2020 Proj. May Jun May Jun Milk Billion Pounds Production 215.5 217.6 218.7 218.2 222.7 221.9 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 12.7 13.4 13.8 13.8 13.0 13.1 Marketings 214.5 216.6 217.7 217.2 221.7 220.9 Imports 6.0 6.3 6.5 6.5 6.6 6.6 Total Cml. Supply 233.2 236.3 238.0 237.4 241.3 240.6 Fat Basis Use Commercial Exports 9.2 10.4 10.2 9.7 10.4 10.4 Ending Commercial Stocks 13.4 13.8 13.0 13.1 13.1 13.1 CCC Donations 0.0 0.0 0.2 0.2 0.0 0.0 Domestic Commercial Use 210.6 212.1 214.6 214.5 217.8 217.1 Skim -solid Basis Supply Beg. Commercial Stocks 9.5 11.8 10.7 10.7 10.2 10.2 Marketings 214.5 216.6 217.7 217.2 221.7 220.9 Imports 6.1 5.5 5.1 5.4 5.0 5.0 Total Cml. Supply 230.1 233.9 233.5 233.2 236.9 236.0 Skim -solid Basis Use Commercial Exports 40.8 44.7 42.6 42.0 43.6 43.4 Ending Commercial Stocks 11.8 10.7 10.2 10.2 10.3 10.1 CCC Donations 0.0 0.0 0.2 0.2 0.0 0.0 Domestic Commercial Use 177.5 178.5 180.5 180.8 183.0 182.6 Tota l Note: Totals may not add due to rounding. June 2019 WASDE - 589 - 34 U.S. Dairy Prices Commodity 2017 2018 2019 Proj. 2019 Proj. 2020 Proj. 2020 Proj. May Jun May Jun Product Prices 1/ Dollars Per Pound Cheese 1.6344 1.5377 1.650 1.640 1.710 1.725 Butter 2.3303 2.2572 2.290 2.325 2.360 2.365 Nonfat Dry Milk 0.8666 0.7945 1.005 1.015 1.045 1.045 Dry Whey 0.4437 0.3422 0.395 0.390 0.380 0.375 Filler Dollars Per Cwt Milk Prices 2/ Class III 16.17 14.61 16.05 15.90 16.55 16.65 Class IV 15.16 14.23 16.20 16.40 16.80 16.85 All Milk 3/ 17.65 16.26 18.05 18.00 18.80 18.90 1/ Simple average of mont hly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the r espective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . June 2019 WASDE - 589 - 35 Reliability of June Projections 1/ Note: Tables on pages 35 -37 present a record of the June projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the curren t forecast will not be above or below the final estimate by more than 3.1 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 5.2 percent. The average difference between the June p rojection and the final estimate is 16.4 million tons, ranging from 0.4 million to 32.2 million tons. The June projection has been below the estimate 24 times an d above 14 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 3.1 5.2 16.4 0.4 32.2 24 14 U.S. 5.9 9.9 2.7 0.0 8.4 22 16 Foreign 3.2 5.5 15.3 1.1 31.9 23 14 Exports World 6.2 10.5 6.3 0.0 19.2 26 11 U.S. 12.2 20.6 2.9 0.1 10.2 21 17 Foreign 6.7 11.3 5.6 0.6 19.8 28 9 Domestic Use World 2.2 3.7 10.3 0.5 27.5 23 15 U.S. 7.2 12.2 1.9 0.0 6.4 18 20 Foreign 2.2 3.7 10.1 0.6 28.6 24 13 Ending Stocks World 10.4 17.7 12.8 1.7 40.5 25 13 U.S. 18.8 32.0 3.5 0.1 14.9 23 15 Foreign 10.6 18.0 10.7 0.8 36.1 24 13 COARSE GRAINS 2/ Production World 3.7 6.3 27.1 0.6 103.3 21 17 U.S. 13.8 23.4 20.2 1.0 103.8 20 18 Foreign 2.8 4.8 15.3 0.4 45.6 19 18 Exports World 7.8 13.2 7.8 0.3 24.0 27 11 U.S. 29.2 49.5 8.3 0.1 30.8 17 21 Foreign 13.9 23.6 7.1 0.5 19.2 24 13 Domestic Use World 2.0 3.4 15.2 0.7 66.7 18 20 U.S. 5.7 9.6 7.7 0.1 37.0 24 14 Foreign 2.1 3.5 11.9 0.1 38.2 19 18 Ending Stocks World 21.2 36.0 25.9 1.7 170.1 26 12 U.S. 51.0 86.5 16.1 0.5 57.6 21 17 Foreign 17.9 30.3 16.2 0.1 155.2 28 9 RICE, milled Production World 2.4 4.1 7.3 0.3 21.8 25 13 U.S. 7.3 12.4 0.3 0.0 1.1 21 17 Foreign 2.5 4.2 7.2 0.4 21.9 24 13 Exports World 9.6 16.4 1.7 0.1 7.5 27 11 U.S. 11.5 19.6 0.3 0.0 1.0 19 16 Foreign 10.6 17.9 1.7 0.1 7.1 27 10 Domestic Use World 1.9 3.2 4.9 0.0 20.3 25 13 U.S. 8.6 14.6 0.2 0.0 0.5 16 22 Foreign 1.9 3.3 4.9 0.0 20.8 26 11 Ending Stocks World 14.8 25.1 7.3 0.2 26.7 27 11 U.S. 31.9 54.2 0.3 0.0 0.9 21 15 Foreign 16.0 27.2 7.5 0.4 26.4 27 10 1/ Footnotes a t end of table. CONTINUED June 2019 WASDE - 589 - 36 Reliability of June Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World NA NA 11.3 1.5 27.9 6 9 U.S. 8.9 15.1 4.7 0.0 13.8 20 18 Foreign NA NA 8.9 0.4 23.9 6 8 Exports World NA NA 5.5 0.5 12.1 8 7 U.S. 15.6 26.5 3.3 0.3 14.0 21 17 Foreign NA NA 3.8 0.4 11.4 9 5 Domestic Use World NA NA 6.8 0.3 17.0 6 9 U.S. 6.3 10.6 2.0 0.1 7.2 24 14 Foreign NA NA 6.1 0.4 13.0 6 8 Ending Stocks World NA NA 8.3 0.1 26.2 8 7 U.S. 56.9 96.6 3.2 0.4 16.6 13 25 Foreign NA NA 7.0 0.7 19.1 8 6 COTTON Million 480 -Pound Bales Production World 6.1 10.3 4.2 0.0 16.4 22 15 U.S. 10.4 17.6 1.5 0.1 5.7 19 19 Foreign 6.2 10.5 3.4 0.2 12.4 22 15 Exports World 10.4 17.6 2.3 0.1 12.4 22 16 U.S. 29.7 50.4 1.5 0.1 4.0 23 15 Foreign 13.3 22.5 1.7 0.1 9.9 20 17 Domestic Use World 4.5 7.7 3.1 0.1 17.1 15 23 U.S. 9.5 16.2 0.5 0.0 1.4 17 20 Foreign 4.7 7.9 3.1 0.0 16.3 18 19 Ending Stocks World 17.2 29.2 6.3 0.5 18.6 25 13 U.S. 41.3 70.0 1.4 0.1 4.6 18 20 Foreign 16.5 27.9 5.3 0.3 17.7 26 11 1/ Marketing years 1981/82 through 2018/19 for grains, soybeans (U.S. only), and cotton. Marketing years 2004/05 through 2018/19 for global and foreign soybeans. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2017/18, and for 2018/19 the last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. June 2019 WASDE - 589 - 37 Reliability of United States June Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smalle st Largest Below Final Above Final CORN Percent Million Bushels Production 16.3 27.7 790 8 4,010 20 18 Exports 30.7 52.1 302 38 1,150 18 20 Domestic Use 13.5 22.9 454 0 5,888 23 14 Ending Stocks 61.0 103.6 580 32 2,091 21 17 SORGHUM Production 20.2 34.2 86 0 228 18 19 Exports 41.3 70.2 47 0 190 17 20 Domestic Use 25.8 43.7 55 0 140 17 20 Ending Stocks 68.0 115.3 47 0 191 14 23 BARLEY Production 14.3 24.2 27 1 206 15 23 Exports 76.8 130.4 14 0 92 19 15 Domestic Use 11.6 19.8 30 0 95 17 20 Ending Stocks 22.9 38.8 22 1 79 17 21 OATS Production 24.3 41.2 30 1 231 8 30 Exports 112.1 190.3 1 0 8 10 12 Domestic Use 10.7 18.2 20 0 160 13 23 Ending Stocks 30.9 52.4 17 0 77 12 24 SOYBEAN MEAL Thousand Short Tons Production 5.7 9.7 1,329 57 4,919 24 14 Exports 17.7 30.1 1,002 50 2,650 25 13 Domestic Use 4.7 8.0 916 24 4,650 20 18 Ending Stocks 45.1 76.5 54 0 488 13 14 SOYBEAN OIL Million Pounds Production 5.4 9.2 671 18 2,330 28 10 Exports 33.2 56.4 441 0 1,700 21 16 Domestic Use 4.2 7.1 457 0 2,100 23 14 Ending Stocks 37.8 64.1 456 0 1,432 19 18 ANIMAL PROD. Million Pounds Beef 3.9 6.7 735 41 2,727 18 7 Pork 3.3 5.6 511 61 1,722 16 9 Broilers 2.4 4.0 654 55 1,465 10 15 Turkeys 3.9 6.8 164 2 478 12 13 Million Dozen Eggs 1.5 2.6 95 2 259 18 7 Billion Pounds Milk 1.5 2.6 1.9 0.0 7.0 11 9 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2018/19 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2017/18, and for 2018/19 the last month’s estimate. Calendar years 1994 through 2018 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1994 -2018. WASDE -589-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usd a.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ To subscribe to receive WASDE -related notifications by email or text message visit https://public.govdelivery.com/accounts/USDAOC/subscriber/new?topic_id=USDAOC_223 . Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at 202 -720-5447 or [email protected] Worl d Agricultural Supply and Demand Estimates WASDE- 589 – June 11, 2019 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202 - 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250 -9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 571 Approved by the World Agricultur al Outlook Board November 9, 2017 WHEAT: Projected U.S. 2017/18 ending stocks are lowered 25 million bushels due to increased exports. Recent sales to Iraq support a higher export projection with Hard Red Winter accounting for the entire increase. The latest NASS Flour Millings Products report, issued November 1, indicated only a modest increase for food use for 2016/17 and supported the current projection of 950 million bushels for 2017/18. Ending stocks are projected at 935 million bushels, down 246 million from the previous year but still above the 5-year-average. The season -average farm price is unchanged at a midpoint of $4.60. Global 2017/18 wheat supplies are down fractionally with decreased beginni ng stocks but increased production. Global production is raised 0.8 million tons led by a 1.0 -million -ton increase for Russia and a 0.5- million -ton increase for the EU on updated harvest results. Partly offsetting is a 0.5 -million -ton decrease for Pakistan. Exports are raised 0.6 million tons with the United States and Russia up 0.7 million, and 0.5 million, respectively. Australia exports are lowered 0.5 million. Global use is raised fractionally this month. With supplies decreasing and total use increasing, ending stocks are lowered 0.6 million tons but remain record large. COARSE GRAINS: This month’s 2017/18 U.S. corn outlook is for larger production, increased feed and residual use and exports, and greater ending stocks. Corn production is forecast at 14.578 billion bushels, up 298 million from last month on a record- high yield. Feed and residual use is raised 75 million bushels based on a larger crop. Exports are raised 75 million bushels, reflecting expectations of improved U.S. competitiveness, reduced exports for Ukraine, and increased demand from Mexico based on sharply lower sorghum production prospects. With supply rising faster than use, corn ending stocks are up 147 million bushels from last month. The projected range for the season- average corn price received by producers is unchanged with a midpoint of $3.20 per bushel. Global coarse grain production for 2017/18 is forecast 3.2 million tons higher to 1,322.6 million. The 2017/18 foreign coarse grain outlook is for lower production, reduced consumption, and smaller stocks relative to last month. Foreign corn production is forecast lower mostly reflecting reductions for Ukraine, Russia, and Vietnam that are only partially offset by an increase for the European Union. The projected corn yields for Russia and Ukraine are reduced based on reported harvest results to date. Sorghum production in Mexico is lowered based on area indications from the government and lower forecast yields as a result of the prevalence of the sugarcane aphid. Corn exports are lowered for Ukraine but raised for the United States. Imports are raised for Mexico and Canada, but lowered for South Korea. China’s barley imports are raised reflecting expectations of continued demand for imported feedstuffs. Fore ign corn ending stocks are down from last month, mostly reflecting declines for China, Vietnam, Canada, and WASDE- 571-2 Ukraine that more than offset increases for the EU and Argentina. Global corn stocks, at 203.9 million tons, are up 2.9 million from last month. RICE: Total 2017/18 U.S. rice supplies are increased marginally this month to 248.9 million cwt as higher projected imports (primarily Thai fragrant rice) offset slightly lower production. In the November Crop Production report, NASS reduced the 2017/18 U.S. crop size by 0.2 million cwt to 178.4 million on lower forecast yield. This is 20 percent less than last year and would be the lowest U.S. rice production since 1996/97. Projected U.S. rice exports are reduced by 2 million cwt to 104 million, down 1 million each for both long - and medium - and short - grain rice to 74 and 30 million cwt, respectively. Exports for both classes are projected lower than last year due to reduced exportable supplies, greater competition, and higher U.S. prices. Projected 2017/18 ending stocks are increased 2.1 million cwt to 29.9 million, still the lowest all rice ending stocks since 2007/08. The projected 2017/18 season -average farm price for all rice is reduced 20 cents at both ends of the range to $12.50 to $13.50 per cw t based on monthly NASS prices reported to date and price expectations for the rest of the marketing year. The midpoint of $13.00 per cwt is $2.60 above the previous year. Global 2017/18 rice supplies are decreased to 619.3 million tons, primarily on a s maller crop projected for India. World 2017/18 consumption is down fractionally to 480.4 million tons. Global 2017/18 trade is raised to 44.9 million tons on higher exports by Thailand, Vietnam, Burma, and China more than offsetting reductions for India, Pakistan, and the United States. Trade is still below the 2016/17 record of 45.3 million tons. World ending stocks are lowered this month to 138.9 million tons for 2017/18, still higher than last year and at the highest level since 2000/01. OILSEEDS : Total U.S. oilseed production for 2017/18 is projected at 132. 1 million tons, down 0. 1 million from l ast month due to lower soybean and peanut production. Soybean production is forecast at 4,425 million bushels, down 5 million due to a fractionally lower yield. With use unchanged, soybean ending stocks are projected at 425 million bushels. Prices for soybeans and soybean meal are raised this month. The U.S. season -average soybean price is projected at $9.30 per bushel, up 10 cents at the midpoint . The soybean meal price is projected at $295 to $335 per short ton, up 5 dollars on both ends of the range. The soybean oil price projection is unchanged at 32.5 to 36.5 cents per pound. The foreign oilseed supply and demand forecasts for 2017/18 include higher production, exports, and stocks compared to last month. Foreign production is forecast at 446.7 million tons, up 2.0 million with higher soybean, peanut, cottonseed, and rapeseed partly offset by lower sunflowerseed. Soybean production for Brazil is i ncreased 1 million tons to 108 million on higher reported area for Parana and Rio Grande do Sul. Peanut production is increased for India on higher yields for the state of Gujarat. Sunflowerseed production is lower for Ukraine, Argentina, and South Afric a. Major foreign soybean trade changes for 2017/18 include higher exports for Brazil and Paraguay, with increased soybean imports for China. Foreign soybean ending stocks for 2017/18 are up from last month, mostly reflecting increases for China, Argentin a, and Brazil. SUGAR : Changes in supply and use for 2016/17 in both the United States and Mexico are made on the basis of full fiscal year data published by USDA in Sweetener Market Data and by CONADESUCA in their September National Balance Report. U.S. beet sugar production is estimated at 5.101 million short tons, raw value (STRV) after record production in the WASDE- 571-3 month of September. U.S. deliveries for human consumption are reported at 12.130 million STRV, a reduction of 70,411 from last month ’s estimat e, likely due to stronger -than- expected hurricane- related operational and shipping disruptions in the final months of 2016/17. U.S. ending stocks are estimated at 1.834 million STRV, up 102,294 over last month for an ending stocks -to-use ratio of 14.8 per cent. In Mexico, deliveries for human consumption are estimated at 4.515 million metric tons (MT). Along with an increase of deliveries of high fructose corn syrup (HFCS) to 1.531 million MT, dry weight, per capita domestic sweetener consumption in Mexic o is estimated at 48.5 kilograms, up from the previously estimated 47.8. Mexico ending stocks are estimated at 1.002 million MT, a reduction of 43,749 from last month. For 2017/18 imports in Mexico are increased by 20,000 MT, in line with reported 2016/17 import estimates. Deliveries for human consumption are increased by 48,555 MT to 4.582 million MT on the basis of unchanged per capita sweetener consumption and projected total HFCS consumption equal to the previous year estimate. The combination of reduced supply and increased use implies sugar available for export to the U.S. market at 1.450 million MT, a reduction of 81,044 from last month. This amount allows Mexico to maintain an ending stocks -to-consumption bound of 18.0 percent for anticipated us e in 2018/19. For 2017/18 , the increase in U.S. beginning stocks are more than offset by slightly lower beet sugar production, reduction in imports from Mexico, and fewer expected 2016/17 raw sugar tariff-rate quota imports entering after September 30. T otal supply is reduced by 44,741 STRV. Deliveries for human consumption are reduced by 123,000 STRV to 12.400 million. Ending stocks are projected up 78,259 STRV to 1.775 million for an implied stocks -to-use ratio of 14.1 percent. LIVESTOCK, POULTRY, AN D DAIRY : The forecast for 2017 total red meat and poultry production is lowered from last month as lower beef, pork, and turkey production more than offsets higher broiler production. Beef production is reduced from the previous month on a slower expecte d marketing pace for fed cattle in the fourth quarter and lighter carcass weights. The pork production forecast is reduced as lower expected fourth -quarter commercial hog slaughter more than offsets slightly heavier carcass weights. The broiler productio n forecast is raised on third -quarter slaughter data, but no change is made to the fourth -quarter forecast. The turkey forecast is reduced slightly on lower than expect ed third- quarter slaughter data; n o change is made to th e fourth quarter forecast. The 2017 egg production forecast is lowered from last month as lower table egg production more than offset higher hatching egg production. For 2018, the total red meat and poultry forecast is raised from the previous month as higher expected beef and pork pr oduction more than offsets lower turkey production. Beef production is raised from last month as higher expected placements in the lat ter part of 2017 and first -half 2018 are expected to support higher marketings and fed cattle slaughter in 2018. However , carcass weights are expected to be slightly lower. Pork production is raised from last month on higher expected first -quarter slaughter and slightly heavier carcass weights; no changes are made to outlying quarters. The 2018 broiler production forecast is unchanged from the previous month. Turkey production forecasts are lowered on weakness in prices which will dampen expansion in 2018. The 2018 egg production forecast is raised from last month. WASDE- 571-4 The beef import forecast for 2017 is raised from the previous month, but no changes are made to the 2018 beef import forecasts. Beef export forecasts for 2017 and 2018 are raised from the previous month on expected strong global demand for U.S. beef. For 2017, the pork import forecast was reduced fractionally on recent third -quarter trade data, but no change is made to the outlying pork import forecasts. The 2017 and 2018 pork export forecasts are lowered from the previous month on slower -than- expected export deman d in the third quarter which will carry f orward into 2018. Both 2017 and 2018 broiler export forecasts are reduced from the previous month on an expected slower pace in global demand. The annual turkey import forecast is reduced for 2017, while the export forecast is raised. No changes are mad e to 2018 turkey trade forecasts. Cattle prices are raised for 2017 and first -half 2018. The hog price forecast is unchanged for 2017, but the first -quarter 2018 hog price forecast is reduced on larger slaughter hog availability . However, the a nnual hog price forecast remains unchanged. The 2017 and 2018 broiler price forecasts remain unchanged from the previous month. Turkey price forecasts are lowered for both 2017 and 2018 reflecting current price weakness. The 2017 egg price forecast is raised on strong fourth -quarter demand. The first -quarter 2018 egg price forecast is raised. The milk production forecast for 2017 and 2018 is lowered from the previous month on an expected slower pace of growth in milk per cow and slightly lower cow numb ers. For 2017, the fat basis import forecast is lowered on recent trade data and the expectation of slower cheese imports in the fourth quarter; the forecast is raised for 2018 on higher expected shipments of whole milk powder and butter. The 2017 skim -solids basis import forecast is reduced on lower -than- expected imports of milk protein concentrates and a number of other dairy products. T his weakness is exp ected to carry over into 2018, supporting a lower import forecast . Fat basis exports are reduced for both 2017 and 2018 on lower butter and cheese exports. Skim -solids basis export forecasts are also reduced for both 2017 and 2018 on lower expected shipments of skim milk powder and whey products . For 2017, butter, nonfat dry milk (NDM), and whey prices are lowered from the previous month, but the price forecast for cheese is raised. For 2018, all dairy product prices are lowered on large supplies and global competition. The 2017 Class III price is unchanged from last month as the decline in whey is offset by the higher cheese price. The Class IV price forecast is reduced from the previous month on lower forecast butter and NDM prices. For 2018 both the Class III and Class IV prices are lowered due to lower forecast product prices. The 2017 all milk price forecast is reduced to $17.65 to $17.75 per cwt and the 2018 price is lowered to $16.90 to $17.80 per cwt. COTTON : This month’s 2017/18 U.S. cotton estimates include higher production and ending stocks, as a smaller crop in the W est is mo re than offset by gains in the S outhwest and other regions. While the U.S. production forecast is raised 1 percent, to 21.4 million bales, domestic mill use and exports are unchanged. U.S. ending stocks are now estimated 300,000 bales higher at 6.1 million bales and, at 34 percent , are forecast at their highest share of use since 2008/09. The marketing -year average price received by producers is forecast at 63 cents per pound, 3 cents above the October estimate, reflecting prices to date. The 2017/18 , world cotton forecasts include lower beginning stocks, higher consumption, and lower ending stocks. World production is raised 596,000 bales , as larger expected crops WASDE- 571-5 in China and the United States offset a 200,000 -bale decline in the forecast for Australia. But world 2017/18 ending stocks are forecast 1.5 million bales lower this month —a 1.6 -percent decline —as revised historical data results in a 900,000 -bale decline in estimated beginning stocks. Argentina’s 740,000- bale decline in beginning stocks is accompanied by smaller declines in the estimates for Australia and Uzbekistan. World 2017/18 consumption is forecast 1.2 million bales higher than last month, with increases of 300,000 -550,000 bales in the forecasts for Uzbekistan, China, and Bangladesh. World trade is forecast 180,000 bales lower as a 400,000 -bale decline in expected exports by Uzbekistan is only partly offset by a 100,000 -bale increase for Brazil and smaller increases elsewhere. This month, new government data resulted in upward revisions t o consumption going back as much as 10 years in Argentina, Uzbekistan, and Bangladesh. With these historical revisions, world consumption over the past 3 years was raised more than 400,000 bales each year, so a large portion of this month’s increase in ex pected 2017/18 consumption reflects an upward shift in the historical data. Historical estimates of world trade were also reduced over the past 4 years, largely due to lower estimated Uzbek exports. Details are provided in the November 2017 issue of Cott on: World Markets and Trade https:/apps.fas.usda.gov/psdonline/circulars/cotton.pdf Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Boar d, Seth D. Meyer , (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY : TED A. McKINNEY SECRETARY OF AGRICULTURE DESIGNATE WASDE- 571-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William C hambers , ICEC Chair, WAOB, E- mail: wchambers @oce.usda.gov Jennifer Bond, ERS; Andrew Sowell, FAS; Pete Riley, FSA . Rice: William Chambers , ICEC Chair, WAOB, E-mail: [email protected] Nathan Childs, ERS; Rachel Trego, FAS; Sherrie Grimm, FSA. Feed Grains: Michael Jewison , ICEC Chair, WAOB, E-mail: [email protected] Tom Capehart, ERS; Yoonhee Macke , FAS; Thomas Gajnak , FSA . Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail: [email protected] Mark Ash, ERS; Bill George, FAS; Susan Proper, FSA. Cotton: Stephen MacDonald, ICEC Chair, WAOB, E- mail: [email protected] Leslie Meyer, ERS; James Johnson, FAS; Erik Dohlman , FSA . Sugar: Stephen Haley , ICEC Chair, WAOB, E- mail: [email protected] Michael McConnell, ERS; Ro n Lord, FAS; Ba rbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Lindsay Kuberka, FAS; Ryan Pfirmann- Powell, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] v Larry Haller, AMS; Sean Ramos, ERS; Tyler Cozzens, FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E- mail: [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Milton Madison, FSA. In 2017, the WASDE report will be released on Dec 12. In 2018, the WASDE report will be released on Jan 12, Feb 8, Mar 8, Apr 10, May 10, Jun 12 Jul 12, Aug 10, Sep 12, Oct 11, Nov 8, and Dec 11. WASDE- 571-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity E stimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum , Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World C orn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Production .......................................................... 31 U.S. Quarterly Prices for Animal Prod ucts .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 November 2017 WASDE - 571 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2015/16 2467.97 3060.39 376.49 2434.40 625.98 2016/17 (Est.) 2605.76 3231.75 430.93 2576.41 655.34 filler filler filler filler filler 2017/18 (Proj.) Oct 2554.34 3211.26 409.98 2572.35 638.91 2017/18 (Proj.) Nov 2555.72 3211.06 412.74 2572.80 638.25 filler filler filler filler filler Wheat 2015/16 735.26 953.02 172.84 711.66 241.36 2016/17 (Est.) 753.89 995.24 182.86 739.63 255.61 filler filler filler filler filler 2017/18 (Proj.) Oct 751.19 1007.76 180.04 739.63 268.13 2017/18 (Proj.) Nov 751.98 1007.58 180.68 740.05 267.53 filler filler filler filler filler Coarse Grains 5/ 2015/16 1260.14 1507.03 163.41 1255.01 252.02 2016/17 (Est.) 1365.31 1617.33 202.73 1355.71 261.62 filler filler filler filler filler 2017/18 (Proj.) Oct 1319.36 1581.49 185.75 1352.24 229.26 2017/18 (Proj.) Nov 1322.55 1584.17 187.16 1352.39 231.78 filler filler filler filler filler Rice, milled 2015/16 472.57 600.34 40.24 467.73 132.61 2016/17 (Est.) 486.57 619.17 45.34 481.07 138.11 filler filler filler filler filler 2017/18 (P roj.) Oct 483.80 622.00 44.19 480.48 141.52 2017/18 (Proj.) Nov 481.20 619.30 44.91 480.36 138.94 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2015/16 429.2 6 506.00 81.75 348.12 76.14 2016/17 (Est.) 472.56 556.09 96.92 363.36 95.81 filler filler filler filler filler 2017/18 (Proj.) Oct 429.08 533.27 82.37 361.75 89.15 2017/18 (Proj.) Nov 436.41 540.60 84.89 363.85 91.86 filler filler filler filler filler Wheat 2015/16 56.12 79.66 21.17 31.94 26.55 2016/17 (Est.) 62.83 92.60 28.72 31.75 32.13 filler filler filler filler filler 2017/18 (Proj.) Oct 47.37 83.59 26.54 30.92 26.13 2017/18 (Proj.) Nov 47.37 83.59 27.22 30.92 25.45 filler filler filler filler filler Coarse Grains 5/ 2015/16 367.01 417.89 57.18 312.60 48.11 2016/17 (Est.) 402.61 454.15 64.50 327.44 62.21 filler filler filler filler filler 2017/18 (Proj.) Oct 376.04 441.78 52.47 327.18 62.13 2017/18 (P roj.) Nov 383.37 449.11 54.38 329.28 65.45 filler filler filler filler filler Rice, milled 2015/16 6.13 8.45 3.40 3.58 1.48 2016/17 (Est.) 7.12 9.34 3.70 4.17 1.46 filler filler filler filler filler 2017/18 (Proj.) Oct 5.67 7.90 3.37 3.65 0.88 2017/18 (Proj.) Nov 5.66 7.90 3.30 3.65 0.95 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use f or the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). Novem ber 2017 WASDE - 571 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2015/16 2,038.71 2,554.38 294.74 2,086. 28 549.84 2016/17 (Est.) 2,133.20 2,675.66 334.01 2,213.05 559.53 filler filler filler filler filler 2017/18 (Proj.) Oct 2,125.26 2,677.99 327.61 2,210.60 549.77 2017/18 (Proj.) Nov 2,119.31 2,670.46 327.85 2,208.95 546.40 filler filler filler filler filler Wheat 2015/16 679.14 873.35 151.67 679.72 214.80 2016/17 (Est.) 691.06 902.64 154.14 707.88 223.48 filler filler filler filler filler 2017/18 (Proj.) Oct 703.81 924.17 153.51 708.71 242.00 2017/18 (Proj.) Nov 704.60 924.00 153.46 709.14 242.08 filler filler filler filler filler Coarse Grains 5/ 2015/16 893.13 1,089.14 106.23 942.42 203.91 2016/17 (Est.) 962.70 1,163.18 138.23 1,028.27 199.41 filler filler filler filler filler 2017/18 (Proj.) Oct 943.31 1,139.71 133.28 1,025.06 167.13 2017/18 (Proj.) Nov 939.18 1,135.06 132.78 1,023.11 166.33 filler filler filler filler filler Rice, milled 2015/16 466.44 591.89 36.85 464.15 131.13 2016/17 (Est.) 479.45 609.84 41.64 476.90 136.65 filler filler filler filler filler 2017/18 (Proj.) Oct 478.13 614.10 40.82 476.83 140.64 2017/18 (Proj.) Nov 475.53 611.40 41.61 476.71 137.99 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See i ndividual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2015/16 96.15 207.30 35.13 111.71 95.91 2016/17 (Est.) 106.47 202.38 37.23 114.22 88.67 filler filler filler filler filler 2017/18 (Proj.) Oct 120.86 210.43 38.22 118.01 92.38 2017/18 (Proj.) Nov 121.46 210.12 38.04 119.25 90.88 filler filler filler filler filler United States 2015/16 12.89 16.57 9.15 3.45 3.80 2016/17 (Est.) 17.17 20.98 14.92 3.25 2.75 filler filler filler filler filler 2017/18 (Proj.) Oct 21.12 23.88 14.50 3.35 5.80 2017/18 (Proj.) Nov 21.38 24.14 14.50 3.35 6.10 filler filler filler filler filler Foreign 4/ 2015/16 83.26 190.73 25.98 108.26 92.11 2016/17 (Est.) 89.30 181.40 22.32 110.97 85.92 filler filler filler filler filler 2017/18 (Proj.) Oct 99.75 186.56 23.72 114.66 86.58 2017/18 (Proj.) Nov 100.08 185.99 23.54 115.90 84.78 filler filler filler filler filler 1/ Marketing year beginning A ugust 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. November 2017 WASDE - 571 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2015/16 521.45 614.71 153.20 446.12 90.98 2016/17 (Est.) 572.95 663.93 171.03 469.41 108.54 filler filler filler filler filler 2017/18 (Proj.) Oct 576.99 684.30 173.91 488.09 107.90 2017/18 (Proj.) Nov 578.82 687.36 175.81 489.15 109.32 filler filler filler filler filler Oilmeals 2015/16 306.24 323.33 86.70 303.99 15.90 2016/17 (Est .) 321.28 337.17 88.60 317.38 15.56 filler filler filler filler filler 2017/18 (Proj.) Oct 334.26 350.40 91.24 331.81 15.55 2017/18 (Proj.) Nov 334.89 350.44 90.85 331.91 15.12 filler filler filler filler filler Vegetable Oils 2015/16 176.78 201.12 73.44 177.50 20.82 2016/17 (Est.) 185.99 206.82 78.98 182.28 19.09 filler filler filler filler filler 2017/18 (Proj.) Oct 194.70 213.88 79.67 188.45 20.59 2017/18 (Proj.) Nov 194.49 213.58 79.55 189.03 19.89 filler filler filler filler filler United States Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2015/16 115.88 123.76 53.96 55.05 6.87 2016/17 (Est.) 126.93 135.30 60.28 56.24 9.62 filler filler filler filler filler 2017/18 (Proj.) Oct 132.27 143.43 62.43 57.73 13.52 2017/18 (Proj.) Nov 132.14 143.27 62.45 57.69 13.34 filler filler filler filler filler Oilmeals 2015/16 42.78 47.15 11.18 35.69 0.28 2016/17 (Est.) 43.08 47.28 10.83 36.04 0.41 filler filler filler filler filler 2017/18 (Proj.) Oct 44.51 48.87 11.41 37.13 0.33 2017/18 (Proj.) Nov 44.49 48.92 11.41 37.19 0.33 filler filler filler filler filler Vegetable Oils 2015/16 11.21 17.03 1.25 14.58 1.20 2016/17 (Est.) 11.44 17.37 1.42 14.73 1.23 filler filler filler filler filler 2017/18 (Proj.) Oct 11.67 17.75 1.22 15.43 1.11 2017/18 (Proj.) Nov 11.65 17.74 1.22 15.43 1.10 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2015/16 405.57 490.95 99.24 391.07 84.12 2016/17 (Est.) 446.01 528.63 110.76 413.17 98.92 filler filler filler filler filler 2017/18 (Proj.) Oct 444.72 540.87 111.48 430.36 94.38 2017/18 (Proj.) Nov 446.68 544.09 113.36 431.46 95.98 filler filler filler filler filler Oilmeals 2015/16 263.46 276.18 75.52 268.30 15.62 2016/17 (Est.) 278.19 289.89 77.77 281.34 15.15 filler filler filler filler filler 2017/18 (Proj.) Oct 289.75 301.54 79.84 294.68 15.22 2017/18 (Proj. ) Nov 290.40 301.52 79.45 294.72 14.79 filler filler filler filler filler Vegetable Oils 2015/16 165.57 184.10 72.19 162.93 19.62 2016/17 (Est.) 174.56 189.45 77.57 167.55 17.87 filler filler filler filler filler 2017/18 (Proj.) Oct 183.0 3 196.13 78.45 173.02 19.48 2017/18 (Proj.) Nov 182.83 195.84 78.33 173.60 18.79 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. November 2017 WASDE - 571 - 11 U.S. Wheat Supply and Use 1/ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Oct Nov Million Acres Area Planted 55.0 50.1 46.0 46.0 Area Harvested 47.3 43.9 37.6 37.6 Bushels Yield per Harvested Acre 43.6 52.7 46.3 46.3 Million Bushels Beginning Stocks 752 976 1,181 1,181 Production 2,062 2,309 1,741 1,741 Imports 113 118 150 150 Supply, Total 2,927 3,402 3,071 3,071 Food 957 949 950 950 Seed 67 61 66 66 Feed and Residual 149 156 120 120 Domestic, Total 1,174 1,167 1,136 1,136 Exports 778 1,055 975 1,000 Use, Total 1,951 2,222 2,111 2,136 Ending Stocks 976 1,181 960 935 Avg. Farm Price ($/bu) 2/ 4.89 3.89 4.40 - 4.80 4.40 - 4.80 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2016/17 (Est.) Beginning Stocks 446 272 157 74 28 976 Production 1,082 491 345 286 104 2,309 Supply, Total 3/ 1,533 805 535 368 162 3,402 Domestic Use 488 249 228 99 101 1,167 Exports 455 321 92 163 24 1,055 Use, Total 943 570 320 263 126 2,222 Ending Stocks, Total 589 235 215 105 36 1,181 2017/18 (Proj.) Beginning Stocks 589 235 215 105 36 1,181 Production 750 385 292 258 55 1,741 Supply, Total 3/ 1,346 693 524 372 136 3,071 Domestic Use 470 271 212 95 88 1,136 Exports 415 265 90 210 20 1,000 Use, Tot al 885 536 302 305 108 2,136 Ending Stocks, Total Nov 461 157 222 67 28 935 Ending Stocks, Total Oct 487 162 221 63 27 960 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted averag e price received by farmers. 3/ Includes imports. November 2017 WASDE - 571 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Oct Nov Million Acres Area Planted 103.2 106.6 101.2 101.2 Area Harvested 93.0 96.5 90.9 90.9 Metric Tons Yield per Harvested Acre 3.94 4.17 4.13 4.21 Million Metric Tons Beginning Stocks 46.9 48.1 62.2 62.2 Production 366.7 402.3 375.8 383.1 Imports 3.7 3.3 3.3 3.3 Supply, Total 417.4 453.6 441.3 448.6 Feed and Residual 135.2 144.3 143.6 145.5 Food, Seed & Industrial 176.9 182.6 183.2 183.4 Domestic, Total 312.1 326.9 326.7 328.8 Exports 57.2 64.5 52.5 54.4 Use, Total 369.3 391.4 379.2 383.2 Ending Stocks 48.1 62.2 62.1 65.4 CORN 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. October November Million Acres Area Planted 88.0 94.0 90.4 90.4 Area Harvested 80.8 86.7 83.1 83.1 Bushels Yield per Harvested Acre 168.4 174.6 171.8 175.4 Million Bushels Beginning Stocks 1,731 1,737 2,295 2,295 Production 13,602 15,148 14,280 14,578 Imports 68 57 50 50 Supply, Total 15,401 16,942 16,625 16,922 Feed and Residual 5,114 5,463 5,500 5,575 Food, Seed & Industrial 2/ 6,648 6,891 6,935 6,935 Ethanol & by -products 3/ 5,224 5,439 5,475 5,475 Domestic, Total 11,763 12,354 12,435 12,510 Exports 1,901 2,293 1,850 1,925 Use, Total 13,664 14,647 14,285 14,435 Ending Stocks 1,737 2,295 2,340 2,487 Avg. Farm Price ($/bu) 4/ 3.61 3.36 2.80 - 3.60 2.80 - 3.60 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data -products/feed -grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by -products including distillers' grains, corn gluten feed, corn gluten me al, and corn oil. 4/ Marketing - year weighted average price received by farmers. November 2017 WASDE - 571 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Oct Nov Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 8.5 6.7 5.7 5.7 Area Harvested (mil. acres) 7.9 6.2 5.0 5.0 Yield (bushels/acre) 76.0 77.9 72.2 70.4 Beginning Stocks 18 37 34 34 Production 597 480 364 356 Imports 5 2 0 0 Supply, Total 620 519 398 389 Feed and Residual 107 129 60 60 Food, Seed & Industrial 137 115 100 100 Total Domestic 244 245 160 160 Exports 340 241 210 210 Use, Total 583 485 370 370 Ending Stocks 37 34 28 19 Avg. Fa rm Price ($/bu) 2/ 3.31 2.79 2.50 - 3.30 2.70 - 3.50 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. October November Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.6 3.1 2.5 2.5 Area H arvested (mil. acres) 3.2 2.6 2.0 2.0 Yield (bushels/acre) 69.1 77.9 72.6 72.6 Beginning Stocks 79 102 106 106 Production 218 200 142 142 Imports 19 10 15 15 Supply, Total 315 312 263 263 Feed and Residual 44 39 35 35 Food, Seed & Industrial 158 162 153 162 Total Domestic 202 201 188 197 Exports 11 4 5 5 Use, Total 213 205 193 202 Ending Stocks 102 106 70 61 Avg. Farm Price ($/bu) 2/ 5.52 4.96 4.10 - 5.10 4.10 - 5.10 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. October November Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.1 2.8 2.6 2.6 Area Harvested (mil. acres) 1.3 1.0 0.8 0.8 Yield (bushels/acre) 70.2 66.0 61.7 61.7 Beginning Stocks 54 57 50 50 Production 90 65 49 49 Imports 86 90 100 100 Supply, Total 229 212 200 200 Feed and Residual 94 82 90 90 Food, Seed & Industrial 77 76 78 78 Total Domestic 170 158 168 168 Exports 2 3 2 2 Use, Total 172 162 170 170 Ending Stocks 57 50 30 30 Avg. Farm Price ($/bu) 2/ 2.12 2.06 2.25 - 2.75 2.25 - 2.75 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. November 2017 WASDE - 571 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Oct Nov Million Acres Area Planted 2.63 3.15 2.49 2.49 Area Harvested 2.59 3.10 2.39 2.39 Fil ler Pounds Yield per Harvested Acre 7,472 7,237 7,469 7,461 Million Hundredweight Beginning Stocks 2/ 48.5 46.5 46.0 46.0 Production 193.1 224.1 178.6 178.4 Imports 24.1 23.5 24.2 24.5 Supply, Total 265.8 294.1 248.8 248.9 Domestic & Residual 3/ 112.4 131.4 115.0 115.0 Exports, Total 4/ 107.0 116.7 106.0 104.0 Rough 39.3 42.5 40.0 38.0 Milled (rough equiv.) 67.7 74.2 66.0 66.0 Use, Total 219.3 248.0 221.0 219.0 Ending Stocks 46.5 46.0 27.8 29.9 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 12.20 10.40 12.70 - 13.70 12.50 - 13.50 Total LONG -GRAIN RICE 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. October November Harvested Acres (mil.) 1.85 2.40 Yield (pounds/acre) 7,219 6,927 Beginning Stocks 26.5 22.7 31.0 31.0 Production 133.4 166.5 126.3 126.1 Supply, Total 7/ 180.7 209.4 178.3 178.5 Domestic & Residual 3/ 82.1 99.7 88.0 88.0 Exports 8/ 75.9 78.7 75.0 74.0 Use, Total 158.0 178.4 163.0 162.0 Ending Stocks 22.7 31.0 15.3 16.5 Avg. Farm Price ($/cwt) 6/ 11.20 9.64 12.00 - 13.00 11.80 - 12.80 Fil ler Fil ler Fil ler Filler Fil ler MEDIUM & SHORT -GRAIN RICE 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. October November Harvested Acres (mil.) 0.74 0.69 Yield (pounds/acre) 8,107 8,311 Beginning Stocks 20.2 20.9 11.5 11.5 Production 59.7 57.7 52.3 52.2 Supply, Total 7/ 82.2 81.1 67.0 66.9 Domestic & Residual 3/ 30.3 31.7 27.0 27.0 Exports 8/ 31.0 37.9 31.0 30.0 Use, Total 61.3 69.6 58.0 57.0 Ending Stocks 20.9 11.5 9.0 9.9 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 15.30 12.90 14.70 - 15.70 14.60 - 15.60 California 10/ 18.10 13.70 15.50 - 16.50 15.50 - 16.50 Other States 1/ 11.20 10.10 12.20 - 13.20 12.00 - 13.00 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginnin g August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2015/16 -2.9; 2016/17 -2.9; 2017/18 -2.9. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and endin g stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.65 per cwt from 2008/09 -2013/14, with a high of $3.50 per cwt in 2008/09 a nd a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. November 2017 WASDE - 571 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Oct Nov Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 82.7 83.4 90.2 90.2 Area Harvested 81.7 82.7 89.5 89.5 Fil ler Bushels Yield per Harvested Acre 48.0 52.0 49.5 49.5 Million Bushels Beginning Stocks 191 197 301 301 Production 3,926 4,296 4,431 4,425 Imports 24 22 25 25 Supply, Total 4,140 4,515 4,757 4,752 Crushings 1,886 1,899 1,940 1,940 Exports 1,942 2,174 2,250 2,250 Seed 97 105 101 101 Residual 18 36 35 35 Use, Total 3,944 4,214 4,326 4,326 Ending Stocks 197 301 430 425 Avg. Farm Price ($/bu) 2/ 8.95 9.47 8.35 - 10.05 8.45 - 10.15 Total SOYBEAN OIL 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. October November Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,855 1,687 1,632 1,711 Production 4/ 21,950 22,099 22,505 22,505 Imports 287 319 300 300 Supply, Total 24,092 24,104 24,437 24,516 Domestic Disappearance 20,162 19,837 20,800 20,800 Biodiesel 3/ 5,670 6,200 7,000 7,000 Food, Feed & other Industrial 14,492 13,637 13,800 13,800 Exports 2,243 2,556 2,100 2,100 Use, Total 22,405 22,393 22,900 22,900 Ending stocks 1,687 1,711 1,537 1,616 Avg. Price (c/lb) 2/ 29.86 32.48 32.50 - 36.50 32.50 - 36.50 Total SOYBEAN MEAL 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. October November Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 260 264 300 401 Production 4/ 44,672 44,733 46,100 46,099 Imports 403 349 300 300 Supply, Total 45,336 45,347 46,700 46,800 Domestic Disappearance 33,118 33,345 34,200 34,300 Exports 11,954 11,601 12,200 12,200 Use, Total 45,072 44,946 46,400 46,500 Ending Stocks 264 401 300 300 Avg. Price ($/s.t.) 2/ 324.56 316.88 290.00 - 330.00 295.00 - 335.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an Octobe r year crush of 1,906 million bushels for 2016/17 and 1,940 million bushels for 2017/18. November 2017 WASDE - 571 - 16 U.S. Sugar Supply and Use 1/ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Oct Nov Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,815 2,054 1,732 1,834 Production 2/ 8,989 8,967 8,863 8,836 Beet Sugar 5,119 5,101 4,977 4,950 Cane Sugar 3,870 3,866 3,886 3,886 Florida 2,173 2,055 2,036 2,036 Hawaii 152 43 0 0 Louisiana 1,428 1,628 1,690 1,690 Texas 116 140 160 160 Imports 3,341 3,247 3,830 3,710 TRQ 3/ 1,620 1,611 1,781 1,756 Other Program 4/ 396 419 250 250 Other 5/ 1,325 1,216 1,799 1,704 Mexico 1,309 1,204 1,789 1,694 Total Supply 14,145 14,268 14,425 14,380 Exports 74 95 50 50 Deliveries 12,051 12,286 12,678 12,555 Food 6/ 11,881 12,130 12,523 12,400 Other 7/ 170 156 155 155 Miscellaneous -33 53 0 0 Total Use 12,091 12,434 12,728 12,605 Ending Stocks 2,054 1,834 1,697 1,775 Stocks to Use Ratio 17.0 14.8 13.3 14.1 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Pro duction projections for 2016/17 and 2017/18 are based on Crop Production and processor projections where appropriate. 3/ For 2017/18, WTO raw sugar TRQ shortfall (225). For 2016/17, WTO raw sugar TRQ shortfall is undefined because of 13th month rollover into 2017/18. 4/ Includes sugar under the re -export and polyhydric alcohol programs. 5/ For 2015/16, other high- tier (16) and other (0). For 2016/17, other high- tier (12) and other (0). For 2017/18, other high- tier (10) and other (0). 6/For 2014/15, comb ines SMD deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar -containing products for reexport, and for nonedible alcohol, feed, and ethanol. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2016/17 Est. Oct 1,037 5,957 125 4,858 1,215 1,046 2016/17 Est. Nov 1,037 5,957 118 4,896 1,214 1,002 2017/18 Proj. Oct 1,046 6,100 75 4,864 1,541 816 2017/18 Proj. Nov 1,002 6,100 95 4,912 1,460 825 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): Estimated Oct -Sep 2016/17 = 1,531; projected 2017/18 = 1,531. Footnote source for estimate: Comite Nac ional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2016/17 (397 est), 2017/18 (330 proj). Other Deliv eries/Ending Year Statistical Adjustments: 2015/16 ( -10), 2016/17 ( -16), 2017/18 (0). November 2017 WASDE - 571 - 17 U.S. Cotton Supply and Use 1/ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Oct Nov Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 8.58 10.07 12.62 12.62 Harvested 8.07 9.51 11.41 11.41 Fil ler Pounds Yield per Harvested Acre 766 867 889 900 Million 480 Pound Bales Beginning Stocks 3.65 3.80 2.75 2.75 Produc tion 12.89 17.17 21.12 21.38 Imports 0.03 0.01 0.01 0.01 Supply, Total 16.57 20.98 23.88 24.14 Domestic Use 3.45 3.25 3.35 3.35 Exports, Total 9.15 14.92 14.50 14.50 Use, Total 12.60 18.17 17.85 17.85 Unaccounted 2/ 0.17 0.06 0.23 0.19 Ending St ocks 3.80 2.75 5.80 6.10 Avg. Farm Price 3/ 61.2 68.0 55.00 - 65.00 60.00 - 66.00 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ R eflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. November 2017 WASDE - 571 - 18 World Wheat Supply and Use 1/ (Million Metric Tons ) 2015/16 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 217.76 735.26 170.10 136.50 711.66 172.84 241.36 United States 20.48 56.12 3.07 4.07 31.94 21.17 26.55 Total Foreign 197.28 679.14 167.0 3 132.44 679.72 151.67 214.80 Major Exporters 4/ 29.27 221.65 7.60 65.66 150.70 82.52 25.31 Argentina 4.80 11.30 0.01 0.20 5.80 9.60 0.72 Australia 4.67 22.28 0.15 3.70 7.13 16.12 3.85 Canada 7.10 27.59 0.52 2.76 7.92 22.11 5.18 European Union 5/ 12.70 160.48 6.92 59.00 129.85 34.69 15.56 Major Importers 6/ 113.15 205.47 92.35 27.94 264.64 6.42 139.91 Brazil 0.87 5.54 6.75 0.50 11.10 1.06 1.00 China 76.11 130.19 3.48 10.50 112.00 0.73 97.04 Sel. Mideast 7/ 13.65 19.91 19.19 4.85 37.77 0.55 14.43 N. Africa 8/ 13.22 19.98 27.80 2.28 43.67 0.70 16.63 Pakistan 3.71 25.10 0.02 0.80 24.40 0.60 3.83 Southeast Asia 9/ 3.85 0.00 24.60 8.02 22.30 0.97 5.19 Selected Other India 17.22 86.53 0.47 4.20 88.55 1.13 14.54 FSU-12 20.66 117.96 7.40 26.74 77.78 51.48 16.77 Russia 6.29 61.04 0.82 14.00 37.00 25.54 5.61 Kazakhstan 3.28 13.75 0.07 2.10 6.90 7.60 2.60 Ukraine 5.68 27.27 0.03 5.10 12.20 17.43 3.35 2016/17 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 241.36 753.89 179.20 147.49 739.63 182.86 255.61 United States 26.55 62.83 3.22 4.26 31.75 28.72 32.13 Total Foreign 214.80 691.06 175.99 143.23 707.88 154.14 223.48 Major Exporters 4/ 25.31 229.07 5.93 66.26 152.09 83.43 24.78 Argentina 0.72 18.40 0.01 0.10 5.50 13.30 0.32 Australia 3.85 33.50 0.14 4.30 7.75 22.64 7.10 Canada 5.18 31.70 0.51 5.36 10.34 20.18 6.87 European Union 5/ 15.56 145.47 5.28 56.50 128.50 27.31 10.49 Major Importers 6/ 139.91 200.16 96.42 36.12 278.33 5.52 152.64 Brazil 1.00 6.73 7.35 0.80 12.20 0.70 2.18 China 97.04 128.85 4.41 16.50 118.50 0.75 111.05 Sel. Mideast 7/ 14.43 20.24 18.11 4.97 39.20 0.53 13.04 N. Africa 8/ 16.63 14.08 28.36 2.28 44.57 0.58 13.92 Pakistan 3.83 25.60 0.00 0.80 24.50 0.60 4.33 Southe ast Asia 9/ 5.19 0.00 26.91 9.39 24.97 0.97 6.16 Selected Other India 14.54 87.00 5.90 4.70 97.12 0.52 9.80 FSU-12 16.77 130.48 7.44 28.05 79.13 54.42 21.13 Russia 5.61 72.53 0.50 17.00 40.00 27.81 10.83 Kazakhstan 2.60 14.99 0.08 2.10 6.90 7.40 3.36 Ukraine 3.35 26.80 0.04 3.60 10.30 18.11 1.78 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japa n, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippin es, Thailand, and Vietnam. November 2017 WASDE - 571 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Endi ng Stocks World 3/ Oct 256.58 751.19 178.93 141.49 739.63 180.04 268.13 Nov 255.61 751.98 179.21 140.77 740.05 180.68 267.53 United States Oct 32.13 47.37 4.08 3.27 30.92 26.54 26.13 Nov 32.13 47.37 4.08 3.27 30.92 27.22 25.45 Total Forei gn Oct 224.44 703.81 174.85 138.23 708.71 153.51 242.00 Nov 223.48 704.60 175.13 137.51 709.14 153.46 242.08 Major Exporters 4/ Oct 24.40 217.04 7.11 63.10 149.35 79.00 20.20 Nov 24.78 217.49 7.16 63.00 149.05 78.70 21.68 Argentina Oct 0.32 17.50 0.01 0.10 5.90 11.50 0.43 Nov 0.32 17.50 0.01 0.10 5.70 11.70 0.43 Australia Oct 6.73 21.50 0.15 3.50 7.00 18.00 3.38 Nov 7.10 21.50 0.15 3.50 7.00 17.50 4.25 Canada Oct 6.87 27.00 0.45 3.00 8.20 21.00 5.12 Nov 6.87 27.00 0.50 2.90 8.10 21.00 5.27 European Union 5/ Oct 10.49 151.04 6.50 56.50 128.25 28.50 11.28 Nov 10.49 151.49 6.50 56.50 128.25 28.50 11.73 Major Importers 6/ Oct 152.90 203.30 93.73 30.28 276.54 6.52 166.87 Nov 152.64 202.71 93.83 29.58 275.99 6.36 166.83 Brazil Oct 2.38 5.10 7.30 0.50 11.70 1.00 2.08 Nov 2.18 4.90 7.50 0.50 12.10 0.80 1.68 China Oct 111.05 130.00 3.00 13.00 116.00 0.80 127.25 Nov 111.05 130.00 3.00 13.00 116.00 0.80 127.25 Sel. Mideast 7/ Oct 13.04 19.48 18.20 5.02 40.22 0.74 9.76 Nov 13.04 19.48 18.70 5.22 40.57 0.74 9.91 N. Africa 8/ Oct 13.86 18.15 28.35 2.18 45.08 0.69 14.60 Nov 13.92 18.15 28.35 2.18 45.08 0.69 14.66 Pakistan Oct 4.33 26.20 0.03 0.90 25.40 0.60 4.56 Nov 4.33 25.70 0.03 0.80 24.80 0.60 4.66 Southeast Asia 9/ Oct 6.20 0.00 25.85 7.69 24.14 1.03 6.88 Nov 6.16 0.00 25.05 6.89 23.34 1.07 6.80 Selected Other India Oct 9.80 98.38 3.50 5.00 100.00 0.50 11.18 Nov 9.80 98.38 3.00 5.00 100.00 0.50 10.68 FSU-12 Oct 21.93 138.27 7.96 31.60 82.69 57.49 27.99 Nov 21.13 139.27 7.96 31.60 83.19 57.99 27.19 Russia Oct 10.83 82.00 0.50 20.50 43.50 32.50 17.33 Nov 10.83 83.00 0.50 20.50 44.00 33.00 17.33 Kazakhstan Oct 3.96 14.00 0.05 2.10 6.90 7.50 3.61 Nov 3.36 14.00 0.05 2.10 6.90 7.50 3.01 Ukraine Oct 1.78 26.50 0.03 3.50 10.00 16.50 1.81 Nov 1.78 26.50 0.03 3.50 10.00 16.50 1.81 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra- trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2017 WASDE - 571 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons ) 2015/16 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 246.90 1,260.14 181.30 767.54 1,255.01 163.41 252.02 United States 46.95 367.01 3.94 135.37 312.60 57.18 48.11 Total Foreign 199.95 893.13 177.37 632.17 942.42 106.23 203.91 Major Exporters 4/ 20.12 154.41 7.92 83.79 113.09 51.62 17.73 Argentina 4.27 38.44 0.01 9.36 14.32 25.22 3.18 Australia 1.53 12.54 0.00 3.96 5.64 6.94 1.50 Brazil 8.24 69.13 3.97 50.89 60.24 14.03 7.07 Canada 3.33 25.62 1.55 13.79 21.24 4.60 4.67 Major Importers 5/ 49.08 246.14 124.07 271.86 353.59 15.71 49.99 European Union 6/ 18.89 152.69 14.24 117.08 157.25 13.11 15.45 Japan 1.77 0.18 17.07 13.29 17.26 0.00 1.76 Mexico 4.83 32.38 14.95 26.72 44.72 1.56 5.89 N. Afr & Mideast 7/ 14.43 32.77 32.82 55.97 64.32 0.11 15.59 Saudi Arabia 3.36 0.36 14.79 13.60 14.11 0.00 4.41 Southeast Asia 8/ 3.67 27.51 15.22 33.16 41.17 0.93 4.30 South Korea 1.89 0.19 10.19 7.83 10.32 0.00 1.95 Selected Other China 101.92 231.40 17.50 166.44 238.74 0.03 112.05 FSU-12 7.92 82.55 0.56 38.26 53.44 31.33 6.25 Russia 2.82 37.43 0.13 20.32 29.72 9.00 1.66 Ukraine 3.29 33.39 0.05 8.74 12.37 21.19 3.17 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 252.02 1,365.31 175.76 800.13 1,355.71 202.73 261.62 United States 48.11 402.61 3.43 144.50 327.44 64.50 62.21 Total Foreign 203.91 962.70 172.33 655.63 1,028.27 138.23 199.41 Major Exporters 4/ 17.73 210.61 2.40 89.21 121.37 82.51 26.86 Argentina 3.18 48.57 0.01 10.96 16.23 28.61 6.92 Australia 1.50 16.83 0.00 3.87 5.74 10.58 2.01 Brazil 7.07 101.35 1.20 53.33 63.89 36.01 9.73 Canada 4.67 25.82 0.94 13.83 21.68 4.79 4.96 Major Importers 5/ 49.99 241.90 123.89 277.84 359.96 10.63 45.19 European Un ion 6/ 15.45 152.21 15.39 119.97 160.49 7.90 14.66 Japan 1.76 0.17 17.00 13.25 17.25 0.00 1.69 Mexico 5.89 33.32 15.17 28.00 46.90 1.30 6.18 N. Afr & Mideast 7/ 15.59 26.21 36.32 57.33 65.16 0.16 12.79 Saudi Arabia 4.41 0.36 13.00 13.00 13.51 0.00 4.26 Southeast Asia 8/ 4.30 29.35 13.42 34.96 42.76 1.27 3.04 South Korea 1.95 0.20 9.29 7.24 9.59 0.00 1.85 Selected Other China 112.05 227.44 16.06 174.28 252.94 0.11 102.49 FSU-12 6.25 92.19 0.79 40.65 56.03 36.45 6.74 Russia 1.66 40.77 0.28 22.58 32.23 8.47 2.01 Ukraine 3.17 39.26 0.06 9.06 12.52 26.87 3.10 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excl udes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2017 WASDE - 571 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Oct 262.14 1,319.36 180.30 815.30 1,352.24 185.75 229.26 Nov 261.62 1,322.55 181.57 815.33 1,352.39 187.16 231.78 United States Oct 62.21 376.04 3.53 143.67 327.18 52.47 62.13 Nov 62.21 383.37 3.53 145.57 329.28 54.38 65.45 Total Foreign Oct 199.92 943.31 176.78 671.64 1,025.06 133.28 167.13 Nov 199.41 939.18 178.05 669.75 1,023. 11 132.78 166.33 Major Exporters 4/ Oct 26.78 196.53 2.05 90.93 123.00 78.41 23.95 Nov 26.86 196.53 2.25 90.74 123.00 78.61 24.03 Argentina Oct 6.72 49.00 0.01 11.72 17.38 31.21 7.14 Nov 6.92 49.00 0.01 11.72 17.38 31.21 7.34 Australia Oct 2.02 11.43 0.00 3.82 5.49 6.93 1.03 Nov 2.01 11.43 0.00 3.62 5.49 6.93 1.02 Brazil Oct 9.73 97.60 0.85 54.30 64.75 34.02 9.41 Nov 9.73 97.60 0.85 54.30 64.75 34.02 9.41 Canada Oct 5.07 25.56 0.86 15.19 22.95 4.55 3.99 Nov 4.96 25.56 1.06 15.19 22.95 4.75 3.88 Major Importers 5/ Oct 45.44 244.67 130.60 286.81 369.33 10.28 41.09 Nov 45.19 242.88 130.60 285.02 367.34 10.28 41.05 European Union 6/ Oct 14.71 149.98 16.61 119.58 160.10 8.01 13.18 Nov 14.66 150.43 16.61 119.58 160.10 8.01 13.59 Japan Oct 1.62 0.17 16.72 13.06 17.05 0.00 1.47 Nov 1.69 0.19 16.72 13.07 17.06 0.00 1.53 Mexico Oct 6.18 33.03 15.90 29.52 48.49 1.30 5.32 Nov 6.18 31.63 16.90 29.22 48.19 1.30 5.22 N. Af r & Mideast 7/ Oct 12.79 30.59 38.88 61.42 69.42 0.25 12.60 Nov 12.79 29.99 38.88 60.92 68.92 0.25 12.50 Saudi Arabia Oct 4.26 0.36 13.51 14.55 15.11 0.00 3.02 Nov 4.26 0.36 13.01 14.05 14.61 0.00 3.02 Southeast Asia 8/ Oct 3.30 30.26 14.12 36.16 43.96 0.73 2.99 Nov 3.04 30.01 14.12 36.16 43.76 0.73 2.67 South Korea Oct 1.85 0.20 10.27 8.04 10.51 0.00 1.81 Nov 1.85 0.20 9.77 7.54 10.01 0.00 1.82 Selected Other China Oct 103.02 223.04 13.70 176.55 259.08 0.08 80.60 Nov 102.49 223.04 14.70 177.55 260.08 0.08 80.07 FSU-12 Oct 6.55 93.15 0.66 41.65 56.99 37.35 6.02 Nov 6.74 90.85 0.72 40.60 55.84 36.65 5.82 Russia Oct 1.81 43.60 0.11 23.55 33.20 10.06 2.26 Nov 2.01 43.30 0.11 23.15 32.80 10.36 2.26 Ukraine Oct 2.99 36.99 0.03 7.94 11.41 26.31 2.30 Nov 3.10 34.99 0.03 7.24 10.61 25.31 2.20 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (fo r U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egy pt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2017 WASDE - 571 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 209.54 972.86 139.35 601.74 967.97 119.69 214.43 United States 43.97 345.51 1.72 129.91 298.79 48.29 44.12 Total Foreign 165.57 627.35 137.64 471.84 669.18 71.40 170.31 Major Exporters 4/ 13.19 104.71 5.67 60.70 77.77 36.48 9.33 Argentina 2.90 29.50 0.01 6.00 9.30 21.64 1.46 Brazil 7.84 67.00 3.42 49.00 57.50 14.00 6.77 South Africa 2.45 8.21 2.24 5.70 10.97 0.84 1.10 Major Importers 5/ 23.13 118.33 81.74 144.90 196.39 4.44 22.36 Egypt 2.30 6.00 8.78 12.45 14.85 0.01 2.22 European Union 6/ 9.63 58.75 13.77 55.50 73.50 1.95 6.69 Japan 1.35 0.00 15.20 11.60 15.20 0.00 1.35 Mexico 4.09 25.97 14.01 20.30 37.30 1.56 5.21 Southeast Asia 7/ 3.67 27.46 15.20 33.10 41.10 0.93 4.30 South Korea 1.86 0.08 10.12 7.80 10.12 0.00 1.94 Selected Other 0.00 Canada 1.40 13.56 1.37 7.07 12.35 1.74 2.24 China 100.47 224.63 3.17 153.50 217.50 0.00 110.77 FSU-12 3.16 39.87 0.38 16.62 19.33 21.49 2.59 Ukraine 1.52 23.33 0.03 5.50 6.90 16.60 1.39 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 214.43 1,074.76 136.70 632.56 1,062.61 163.61 226.58 United States 44.12 384.78 1.45 138.78 313.81 58.24 58.30 Total Foreign 170.31 689.98 135.25 493.79 748.80 105.37 168.29 Major Exporters 4/ 9.33 156.98 0.56 65.63 84.83 64.00 18.03 Argentina 1.46 41.00 0.01 7.50 11.20 25.50 5.77 Brazil 6.77 98.50 0.50 51.00 60.50 36.00 9.27 South Africa 1.10 17.48 0.05 7.13 13.13 2.50 3.00 Major Importers 5/ 22.36 124.12 80.31 147.86 200.51 4.58 21.69 Egypt 2.22 6.00 9.00 12.70 15.10 0.01 2.11 European Union 6/ 6.69 61.10 14.80 54.90 73.50 2.00 7.09 Japan 1.35 0.00 15.17 11.60 15.20 0.00 1.32 Mexico 5.21 27.57 14.50 22.50 40.40 1.30 5.58 Southeast Asia 7/ 4.30 29.30 13.41 34.90 42.70 1.27 3.04 South Korea 1.94 0.08 9.23 7.21 9.41 0.00 1.83 Selected Other 0.00 Canada 2.24 13.20 0.85 7.10 12.70 1.52 2.08 China 110.77 219.55 2.46 162.00 232.00 0.08 100.72 FSU-12 2.59 47.30 0.37 17.30 20.08 27.03 3.14 Ukraine 1.39 28.00 0.05 5.10 6.50 21.30 1.64 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world im ports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra- trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2017 WASDE - 571 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Ton s) 2017/18 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Oct 226.99 1,038.80 145.81 650.48 1,064.83 150.71 200.96 Nov 226.58 1,043.90 146.58 652.53 1,066.62 151.61 203.86 Unite d States Oct 58.30 362.73 1.27 139.71 315.86 46.99 59.44 Nov 58.30 370.29 1.27 141.61 317.77 48.90 63.19 Total Foreign Oct 168.69 676.06 144.54 510.77 748.96 103.72 141.52 Nov 168.29 673.61 145.31 510.92 748.85 102.72 140.68 Major Exporters 4/ Oct 17.83 149.50 0.41 66.30 85.70 64.70 17.34 Nov 18.03 149.50 0.41 66.30 85.70 64.70 17.54 Argentina Oct 5.57 42.00 0.01 8.50 12.50 29.00 6.07 Nov 5.77 42.00 0.01 8.50 12.50 29.00 6.27 Brazil Oct 9.27 95.00 0.30 52.00 61.50 34.00 9.07 Nov 9.27 95.00 0.30 52.00 61.50 34.00 9.07 South Africa Oct 3.00 12.50 0.10 5.80 11.70 1.70 2.20 Nov 3.00 12.50 0.10 5.80 11.70 1.70 2.20 Major Importers 5/ Oct 21.88 121.95 85.30 152.65 205.70 3.53 19.90 Nov 21.69 121.90 85.80 153.25 206.10 3.53 19.76 Egypt Oct 2.11 6.00 10.00 13.40 15.90 0.01 2.20 Nov 2.11 6.00 10.00 13.40 15.90 0.01 2.20 European Union 6/ Oct 7.09 59.39 16.00 56.00 74.70 1.50 6.27 Nov 7.09 59.59 16.00 56.00 74.70 1.50 6.47 Japan Oct 1.25 0.00 15.00 11.50 15.10 0.00 1.15 Nov 1.32 0.00 15.00 11.50 15.10 0.00 1.22 Mexico Oct 5.58 26.20 15.50 23.20 41.20 1.30 4.78 Nov 5.58 26.20 16.50 24.30 42.30 1.30 4.68 Southeast Asia 7/ Oct 3.30 30.21 14.10 36.10 43.90 0.72 2.99 Nov 3.04 29.96 14.10 36.10 43.70 0.72 2.67 South Korea Oct 1.83 0.08 10.20 8.00 10.30 0.00 1.81 Nov 1.83 0.08 9.70 7.50 9.80 0.00 1.81 Selected Other Canada Oct 2.19 14.10 0.80 8.20 13.80 1.30 1.99 Nov 2.08 14.10 1.00 8.40 14.00 1.30 1.88 China Oct 101.25 215.00 3.00 166.00 240.00 0.05 79.20 Nov 100.72 215.00 3.00 166.00 240.00 0.05 78.67 FSU-12 Oct 2.90 46.55 0.38 17.23 20.01 27.26 2.56 Nov 3.14 44.25 0.45 16.48 19.16 26.26 2.42 Ukrain e Oct 1.54 27.00 0.03 4.50 5.90 21.50 1.16 Nov 1.64 25.00 0.03 3.80 5.10 20.50 1.06 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6 / Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2017 WASDE - 571 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 127.77 472.57 38.33 467.73 40.24 132.61 United States 1.55 6.13 0.77 3.58 3.40 1.48 Total Foreign 126.22 466.44 37.56 464.15 36.85 131.13 Major Exporters 4/ 31.54 154.59 0.61 127.97 29.30 29.48 India 17.80 104.41 0.00 93.57 10.24 18.40 Pakistan 1.21 6.80 0.01 2.80 4.10 1.12 Thailand 11.27 15.80 0.30 9.10 9.87 8.40 Vietnam 1.26 27.58 0.30 22.50 5.09 1.56 Major Importers 5/ 11.80 63.28 12.24 76.66 0.84 9.82 Brazil 0.64 7.21 0.90 7.90 0.55 0.31 European Union 6/ 1.15 2.05 1.80 3.55 0.27 1.18 Indonesia 4.11 36.20 1.00 37.80 0.00 3.51 Nigeria 1.77 3.53 2.10 6.00 0.00 1.40 Philippines 2.41 11.00 1.60 12.90 0.00 2.11 Sel. Mideast 7/ 1.23 1.89 3.25 5.58 0.00 0.80 Selected Other 0.00 Burma 0.75 12.16 0.03 10.40 1.30 1.24 C. Amer & Carib 8/ 0.45 1.49 1.91 3.30 0.04 0.51 China 69.00 145.77 4.80 140.80 0.27 78.50 Egypt 0.92 4.00 0.10 3.90 0.20 0.92 Japan 2.82 7.67 0.71 8.60 0.05 2.55 Mexico 0.17 0.16 0.69 0.89 0.00 0.13 South Korea 1.41 4.33 0.31 4.21 0.00 1.83 2016/17 Est. Beginning Sto c ks Produ ction Imports Total /2 Dom estic Exports Ending Sto c ks World 3/ 132.61 486.57 41.06 481.07 45.34 138.11 United States 1.48 7.12 0.75 4.17 3.70 1.46 Total Foreign 131.13 479.45 40.31 476.90 41.64 136.65 Major Exporters 4/ 29.48 163.75 0.56 134.30 31.80 27.69 India 18.40 110.15 0.00 97.00 11.00 20.55 Pakistan 1.12 6.85 0.01 3.10 3.60 1.28 Thailand 8.40 19.20 0.25 12.00 11.00 4.85 Vietnam 1.56 27.55 0.30 22.20 6.20 1.01 Major Importers 5/ 9.82 66.23 12.15 77.17 1.07 9.96 Brazil 0.31 8.38 0.60 8.00 0.70 0.59 European Union 6/ 1.18 2.07 1.85 3.65 0.32 1.13 Indonesia 3.51 37.15 0.50 37.60 0.02 3.54 Nigeria 1.40 3.65 2.40 6.10 0.00 1.35 Philippines 2.11 11.69 1.10 12.90 0.00 2.00 Sel. Mideast 7/ 0.80 1.96 4.05 5.78 0.00 1.03 Selected Other 0.00 Burma 1.24 12.50 0.01 10.30 2.80 0.65 C. Amer & Carib 8/ 0.51 1.60 1.84 3.43 0.03 0.49 China 78.50 144.85 5.30 141.35 0.81 86.50 Egypt 0.92 4.80 0.15 4.30 0.10 1.47 Japan 2.55 7.78 0.69 8.50 0.06 2.46 Mexico 0.13 0.18 0.86 0.91 0.09 0.16 South Korea 1.83 4.20 0.41 4.70 0.00 1.74 1/ Aggregate of local marketing years. 2/ Total forei gn and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakis tan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU -28. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. November 2017 WASDE - 571 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Oct 138.21 483.80 42.72 480.48 44.19 141.52 Nov 138.11 481.20 43.33 480.36 44.91 138.94 United States Oct 1.46 5.67 0.77 3.65 3.37 0.88 Nov 1.46 5.66 0.78 3.65 3.30 0.95 Total Foreign Oct 136.75 478.13 41.95 476.83 40.82 140.64 Nov 136.65 475.53 42.55 476.71 41.61 137.99 Major Exporters 4/ Oct 28.31 165.75 0.55 135.10 31.90 27.61 Nov 27.69 163.25 0.55 135.00 31.90 24.59 India Oct 20.55 110.00 0.00 98.00 11.80 20.75 Nov 20.55 107.50 0.00 98.00 11.60 18.45 Pakistan Oct 1.18 6.90 0.00 3.00 4.10 0.98 Nov 1.28 6.90 0.00 3.20 3.80 1.18 Thailand Oct 5.35 20.40 0.25 11.50 10.00 4.50 Nov 4.85 20.40 0.25 11.50 10.20 3.80 Vietnam Oct 1.23 28.45 0.30 22.60 6.00 1.38 Nov 1.01 28.45 0.30 22.30 6.30 1.16 Major Importers 5/ Oct 9.90 65.14 12.65 77.30 0.93 9.47 Nov 9.96 65.14 12.72 77.40 0.93 9.49 Brazil Oct 0.57 7.82 0.60 7.90 0.60 0.49 Nov 0.59 7.82 0.63 7.95 0.60 0.49 European Union 6/ Oct 1.13 2.08 1.90 3.75 0.28 1.08 Nov 1.13 2.08 1.90 3.75 0.28 1.08 Indonesia Oct 3.54 37.00 0.50 37.40 0.02 3.62 Nov 3.54 37.00 0.50 37.40 0.02 3.62 Nigeria Oct 1.35 3.65 2.30 6.20 0.00 1.11 Nov 1.35 3.65 2.30 6.20 0.00 1.11 Philippines Oct 2.00 11.20 1.70 12.90 0.00 2.00 Nov 2.00 11.20 1.70 12.90 0.00 2.00 Sel. Mideast 7/ Oct 1.00 1.96 3.80 5.90 0.00 0.86 Nov 1.03 1.96 3.85 5.95 0.00 0.88 Selected Other Burma Oct 0.35 12.60 0.01 10.50 2.10 0.36 Nov 0.65 12.60 0.01 10.20 2.60 0.46 C. Amer & Carib 8/ Oct 0.49 1.65 1.84 3.53 0.03 0.42 Nov 0.49 1.65 1.84 3.52 0.03 0.42 China Oct 86.50 144.00 5.25 142.35 0.90 92.50 Nov 86.50 144.00 5.25 142.15 1.10 92.50 Egypt Oct 1.47 4.30 0.05 4.40 0.10 1.32 Nov 1.47 4.30 0.05 4.40 0.10 1.32 Japan Oct 2.37 7.60 0.69 8.50 0.08 2.08 Nov 2.46 7.60 0.69 8.45 0.06 2.24 Mexico Oct 0.15 0.19 0.80 0.91 0.00 0.23 Nov 0.16 0.19 0.85 0.91 0.09 0.20 South Korea Oct 1.74 3.90 0.41 4.65 0.00 1.39 Nov 1.74 3.90 0.41 4.65 0.00 1.39 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and u nreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Ph ilippines, selected Middle East, and the EU-28. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. November 2017 WASDE - 571 - 26 World Cotton Supply and Use 1/ (Millio n 480 -Pound Bales) 2015/16 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 111.15 96.15 35.42 111.71 35.13 -0.02 95.91 United States 3.65 12.89 0.03 3.45 9.15 0.17 3.80 Total Foreign 107.50 83.26 35.39 108.26 25.98 -0.19 92.11 Major Exporters 4/ 29.72 46.56 1.77 31.97 22.80 -0.28 23.56 Central Asia 5/ 3.01 5.97 3/ 2.63 4.26 0.00 2.09 Afr. Fr. Zone 6/ 2.15 4.20 3/ 0.13 4.87 0.00 1.35 S. Hemis 7/ 10.80 9.98 0.25 4.22 7.67 -0.29 9.43 Australia 1.82 2.85 3/ 0.04 2.83 -0.15 1.96 Brazil 7.53 5.90 0.09 3.10 4.31 -0.15 6.26 India 13.49 25.90 1.07 24.25 5.76 0.00 10.44 Major Importers 8/ 75.89 34.00 31.30 72.15 2.07 0.09 66.88 Mexic o 0.69 0.94 0.98 1.85 0.13 0.03 0.61 China 66.92 22.00 4.41 35.00 0.13 0.00 58.20 European Union 9/ 0.34 1.28 0.80 0.81 1.31 0.00 0.30 Turkey 1.60 2.65 4.22 6.65 0.23 0.00 1.58 Pakistan 2.89 7.00 3.30 10.30 0.25 0.03 2.62 Indonesia 0.60 0.01 2.94 3.00 0.02 0.00 0.53 Thailand 0.22 3/ 1.28 1.27 0.00 0.03 0.20 Bangladesh 1.33 0.12 6.40 6.30 0.00 0.01 1.54 Vietnam 0.68 3/ 4.50 4.40 0.00 0.00 0.78 2016/17 Est. Beginning Sto c ks Producti on Imports Dom estic Use Exports Loss /2 Ending Sto c ks World 95.91 106.47 37.62 114.22 37.23 -0.12 88.67 United States 3.80 17.17 0.01 3.25 14.92 0.06 2.75 Total Foreign 92.11 89.30 37.61 110.97 22.32 -0.18 85.92 Major Exporters 4/ 23.56 50.66 3.63 31.47 19.19 -0.27 27.47 Central Asia 5/ 2.09 5.95 3/ 2.89 2.79 0.00 2.36 Afr. Fr. Zone 6/ 1.35 5.04 3/ 0.13 4.51 0.01 1.73 S. Hemis 7/ 9.43 12.31 0.37 4.29 7.07 -0.30 11.05 Australia 1.96 4.05 3/ 0.04 3.73 -0.15 2.39 Brazil 6.26 7.00 0.19 3.20 2.79 -0.15 7.61 India 10.44 27.00 2.74 23.50 4.55 0.00 12.13 Major Importers 8/ 66.88 35.86 31.78 75.52 2.04 0.09 56.88 Mexico 0.61 0.76 1.00 1.75 0.15 0.03 0.44 China 58.20 22.75 5.03 37.50 0.06 0.00 48.42 European Union 9/ 0.30 1.31 0.70 0.72 1.33 0.00 0.27 Turkey 1.58 3.20 3.68 6.45 0.33 0.00 1.68 Pakistan 2.62 7.70 2.40 10.30 0.13 0.03 2.27 Indonesia 0.53 0.01 3.39 3.30 0.01 0.00 0.62 Thailand 0.20 3/ 1.23 1.20 0.00 0.03 0.20 Bangladesh 1.54 0.13 6.70 6.70 0.00 0.01 1.66 Vietnam 0.78 3/ 5.50 5.40 0.00 0.00 0.88 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due t o rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Ta iwan. 9/ Includes intra -EU trade. November 2017 WASDE - 571 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2017/18 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Oct 89.57 120.86 38.20 118.01 38.22 0.03 92.38 Nov 88.67 121.46 38.03 119.25 38.04 -0.01 90.88 United States Oct 2.75 21.12 0.01 3.35 14.50 0.23 5.80 Nov 2.75 21.38 0.01 3.35 14.50 0.19 6.10 Total Foreign Oct 86.82 99.75 38.19 114.66 23.72 -0.20 86.58 Nov 85.92 100.08 38.02 115.90 23.54 -0.20 84.78 filler filler filler filler filler filler filler Major Exporters 4/ Oct 28.53 56.42 2.40 32.36 20.51 -0.29 34.76 Nov 27.47 56.16 2.40 32.98 20.16 -0.29 33.18 Central Asia 5/ Oct 2.51 6.18 3/ 2.66 2.69 0.00 3.33 Nov 2.36 6.13 3/ 3.21 2.31 0.00 2.96 Afr. Fr. Zone 6/ Oct 1.77 5.32 3/ 0.12 4.57 0.00 2.41 Nov 1.73 5.31 3/ 0.13 4.58 0.00 2.34 S. Hemis 7/ Oct 11.93 14.42 0.30 4.43 8.36 -0.30 14.15 Nov 11.05 14.22 0.30 4.49 8.38 -0.30 12.99 Australia Oct 2.54 5.00 3/ 0.04 4.10 -0.15 3.55 Nov 2.39 4.80 3/ 0.04 4.10 -0.15 3.21 Brazil Oct 7.61 7.80 0.13 3.40 3.65 -0.15 8.63 Nov 7.61 7.80 0.13 3.40 3.75 -0.15 8.53 India Oct 12.12 30.00 1.60 24.50 4.60 0.00 14.62 Nov 12.13 30.00 1.60 24.50 4.60 0.00 14.63 filler filler filler filler filler filler filler Major Importers 8/ Oct 56.65 40.51 33.27 78.23 2.25 0.09 49.87 Nov 56.88 41.10 33.19 78.89 2.37 0.09 49.83 Mexico Oct 0.44 1.45 0.80 1.80 0.23 0.03 0.64 Nov 0.44 1.50 0.80 1.80 0.28 0.03 0.64 China Oct 48.42 24.50 5.10 38.50 0.05 0.00 39.47 Nov 48.42 25.00 5.30 39.00 0.05 0.00 39.67 European Union 9/ Oct 0.27 1.48 0.72 0.75 1.33 0.00 0.39 Nov 0.27 1.52 0.71 0.74 1.41 0.00 0.36 Turkey Oct 1.68 3.80 3.40 6.75 0.28 0.00 1.85 Nov 1.68 3.80 3.40 6.75 0.28 0.00 1.85 Pakistan Oct 2.27 9.15 2.40 10.60 0.35 0.03 2.84 Nov 2.27 9.15 2.40 10.60 0.35 0.03 2.84 Indonesia Oct 0.62 3/ 3.40 3.30 0.01 0.00 0.72 Nov 0.62 3/ 3.35 3.30 0.01 0.00 0.67 Thailand Oct 0.20 3/ 1.35 1.25 0.00 0.03 0.28 Nov 0.20 3/ 1.30 1.25 0.00 0.03 0.23 Bangladesh Oct 1.41 0.13 7.25 6.90 0.00 0.01 1.87 Nov 1.66 0.13 7.25 7.20 0.00 0.01 1.82 Vietnam Oct 0.88 3/ 6.60 6.20 0.00 0.00 1.29 Nov 0.88 3/ 6.50 6.10 0.00 0.00 1.29 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Gen erally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3 / Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Se negal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. November 2017 WASDE - 571 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 77.64 313.71 133.33 275.17 314.09 132.46 78.13 United States 5.19 106.86 0.64 51.34 54.47 52.86 5.35 Total Foreign 72.46 206.85 132.69 223.83 259.61 79.60 72.78 Major Exporters 3/ 50.67 164.73 1.12 86.69 94.54 71.79 50.19 Argentina 31.70 56.80 0.68 43.27 47.56 9.92 31.70 Brazil 18.93 96.50 0.41 39.75 43.25 54.38 18.20 Paraguay 0.02 9.22 0.01 3.60 3.65 5.31 0.29 Major Importers 4/ 18.81 15.47 113.50 106.83 127.77 0.32 19.68 China 17.01 11.79 83.23 81.50 95.00 0.11 16.91 European Union 0.84 2.32 15.12 14.95 16.58 0.14 1.56 Japan 0.21 0.24 3.19 2.28 3.38 0.00 0.26 Mexico 0.07 0.33 4.13 4.40 4.43 0.00 0.10 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks Worl d 2/ 78.13 351.25 144.61 288.53 330.06 147.66 96.28 United States 5.35 116.92 0.61 51.68 55.52 59.16 8.20 Total Foreign 72.78 234.33 144.00 236.85 274.53 88.50 88.08 Major Exporters 3/ 50.19 185.78 1.99 88.10 96.25 79.66 62.05 Argentina 31.70 57.80 1.70 43.25 47.68 7.02 36.50 Brazil 18.20 114.10 0.25 41.00 44.65 63.14 24.76 Paraguay 0.29 10.67 0.01 3.65 3.70 6.60 0.66 Major Importers 4/ 19.68 16.81 122.35 113.21 135.89 0.36 22.59 China 16.91 12.90 93.50 88.00 102.80 0.11 20.39 European Union 1.56 2.38 13.20 14.40 16.04 0.20 0.90 Japan 0.26 0.24 3.18 2.39 3.45 0.00 0.21 Mexico 0.10 0.51 4.13 4.60 4.64 0.00 0.10 2017/18 Proj. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ Oct 94.86 347.88 148.64 301.25 344.37 150.97 96.05 Nov 96.28 348.89 150.12 301.98 344.96 152.43 97.90 United States Oct 8.20 120.58 0.68 52.80 56.51 61.24 11.72 Nov 8.20 120.44 0.68 52.80 56.51 61.24 11.57 Total Foreign Oct 86.66 227.30 147.96 248.45 287.86 89.74 84.33 Nov 88.08 228.45 149.44 249.18 288.45 91.20 86.33 Major Exporters 3/ Oct 60.95 175.92 1.72 90.99 99.26 79.90 59.43 Nov 62.05 176.92 1.74 90.74 99.12 81.40 60.19 Argen tina Oct 35.97 57.00 1.50 44.84 49.34 8.00 37.13 Nov 36.50 57.00 1.50 44.84 49.45 8.00 37.55 Brazil Oct 24.46 107.00 0.20 42.00 45.70 64.00 21.96 Nov 24.76 108.00 0.20 42.00 45.70 65.00 22.26 Paraguay Oct 0.37 9.40 0.01 3.95 4.00 5.50 0.28 Nov 0.66 9.40 0.01 3.70 3.76 6.00 0.32 Major Importers 4/ Oct 22.13 18.18 125.65 120.03 143.70 0.40 21.86 Nov 22.59 18.18 127.25 120.68 144.56 0.40 23.06 China Oct 20.19 14.20 95.00 94.00 109.60 0.15 19.64 Nov 20.39 14.20 97.00 95.00 110.80 0.15 20.64 European Union Oct 0.69 2.48 14.00 14.50 16.14 0.20 0.83 Nov 0.90 2.48 14.00 14.50 16.15 0.20 1.03 Japan Oct 0.24 0.26 3.30 2.35 3.51 0.00 0.29 Nov 0.21 0.26 3.30 2.35 3.51 0.00 0.26 Mexico Oct 0.12 0.48 4.30 4.72 4.76 0.00 0.15 Nov 0.10 0.48 4.30 4.72 4.76 0.00 0.13 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differenc es in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indone sia, Malaysia, Philippines, Vietnam, and Thailand). November 2017 WASDE - 571 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.53 216.01 61.89 213.59 65.31 12.53 United States 0.24 40.53 0.37 30.04 10.84 0.24 Total Foreign 13.30 175.48 61.53 183.55 54.47 12.29 Major Exporters 3/ 8.39 68.52 0.07 23.58 46.14 7.26 Argentina 4.03 33.21 0.00 2.68 30.33 4.23 Brazil 3.81 30.75 0.03 16.27 15.41 2.91 India 0.55 4.56 0.05 4.63 0.41 0.12 Major Importers 4/ 1.96 16.43 36.57 52.64 0.51 1.80 European Union 0.66 11.81 19.21 30.94 0.30 0.44 Southeast Asia 5/ 1.24 2.89 15.64 18.25 0.21 1.31 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 12.53 226.42 60.71 222.44 64.98 12.25 United States 0.24 40.58 0.32 30.25 10.52 0.36 Total Foreign 12.29 185.84 60.40 192.19 54.45 11.88 Major Exporters 3/ 7.26 72.36 0.04 24.76 47.36 7.53 Argentina 4.23 33.27 0.00 2.85 31.60 3.05 Brazil 2.91 31.73 0.04 16.91 13.76 4.00 India 0.12 7.36 0.01 5.00 2.00 0.49 Major Importers 4/ 1.80 16.17 36.40 52.44 0.57 1.36 European Union 0.44 11.38 18.90 30.24 0.33 0.14 Southeast Asia 5/ 1.31 2.98 15.88 18.77 0.24 1.17 2017/18 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Oct 12.89 236.62 64.76 234.44 67.41 12.42 Nov 12.25 237.12 64.03 234.19 67.23 11.98 United States Oct 0.27 41.82 0.27 31.03 11.07 0.27 Nov 0.36 41.82 0.27 31.12 11.07 0.27 Total Foreign Oct 12.62 194.80 64.49 203.41 56.35 12.15 Nov 11.88 195.30 63.76 203.07 56.17 11.71 Major Exporters 3/ Oct 8.38 73.88 0.04 26.01 48.15 8.14 Nov 7.53 73.94 0.04 25.99 48.15 7.38 Argentina Oct 3.50 34.42 0.00 3.06 31.20 3.67 Nov 3.05 34.42 0.00 3.06 31.20 3.21 Brazil Oct 4.28 32.50 0.03 17.50 15.25 4.06 Nov 4.00 32.50 0.03 17.48 15.25 3.80 India Oct 0.60 6.96 0.01 5.45 1.70 0.41 Nov 0.49 7.02 0.01 5.45 1.70 0.36 Major Importers 4/ Oct 1.22 16.64 38.37 54.46 0.53 1.23 Nov 1.36 16.45 37.98 53.77 0.53 1.48 European Unio n Oct 0.13 11.46 19.50 30.64 0.30 0.14 Nov 0.14 11.46 19.40 30.54 0.30 0.16 Southeast Asia 5/ Oct 1.05 3.41 17.02 20.20 0.23 1.05 Nov 1.17 3.22 16.73 19.61 0.23 1.28 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Japan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. November 2017 WASDE - 571 - 30 World Soybean Oil Supply and Use 1/ (Million M etric Tons) 2015/16 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 4.22 51.54 11.63 52.15 11.68 3.57 United States 0.84 9.96 0.13 9.15 1.02 0.77 Total Foreign 3.38 41.59 11.50 43.00 10.67 2.80 Major Export ers 3/ 0.95 18.90 0.39 11.41 8.16 0.67 Argentina 0.37 8.43 0.00 2.83 5.70 0.27 Brazil 0.38 7.63 0.07 6.29 1.55 0.24 European Union 0.20 2.84 0.33 2.29 0.92 0.16 Major Importers 4/ 1.53 15.96 6.85 22.98 0.16 1.20 China 0.78 14.61 0.59 15.35 0.10 0.52 India 0.52 1.03 4.27 5.30 0.00 0.51 North Africa 5/ 0.23 0.33 2.00 2.33 0.07 0.16 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 3.57 53.95 10.86 53.62 11.40 3.35 United States 0.77 10.02 0.15 9.00 1.16 0.78 Total Foreign 2.80 43.93 10.71 44.62 10.24 2.57 Major Exporters 3/ 0.67 19.00 0.35 11.67 7.54 0.81 Argentina 0.27 8.39 0.00 2.87 5.45 0.34 Brazil 0.24 7.87 0.06 6.59 1.24 0.34 European Union 0.16 2.74 0.29 2.21 0.85 0.13 Major Importers 4/ 1.20 17.95 5.74 23.75 0.20 0.94 China 0.52 15.77 0.71 16.35 0.12 0.54 India 0.51 1.66 3.40 5.30 0.00 0.27 North Africa 5/ 0.16 0.52 1.63 2.10 0.08 0.14 2017/18 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Oct 3.54 56.16 11.45 55.79 11.85 3.51 Nov 3.35 56.29 11.48 55.99 11.75 3.38 United States Oct 0.74 10.21 0.14 9.44 0.95 0.70 Nov 0.78 10.21 0.14 9.44 0.95 0.73 Total Foreign Oct 2.80 45.95 11.31 46.35 10.89 2.81 Nov 2.57 46.08 11.35 46.55 10.80 2.65 Major Exporters 3/ Oct 1.00 19.45 0.31 11.65 8.15 0.96 Nov 0.81 19.45 0.31 11.65 8.12 0.80 Argentina Oct 0.45 8.63 0.00 2.80 5.85 0.44 Nov 0.34 8.63 0.00 2.80 5.85 0.33 Brazil Oct 0.40 8.06 0.06 6.70 1.45 0.37 Nov 0.34 8.06 0.06 6.70 1.45 0.31 European Union Oct 0.16 2.76 0.25 2.16 0.85 0.16 Nov 0.13 2.76 0.25 2.16 0.82 0.16 Major Imp orters 4/ Oct 0.98 19.05 6.35 25.08 0.18 1.11 Nov 0.94 19.27 6.37 25.34 0.17 1.07 China Oct 0.53 16.85 0.50 17.20 0.10 0.57 Nov 0.54 17.02 0.50 17.40 0.10 0.56 India Oct 0.31 1.56 4.10 5.55 0.00 0.43 Nov 0.27 1.62 4.10 5.60 0.00 0.39 North Africa 5/ Oct 0.14 0.64 1.75 2.33 0.08 0.11 Nov 0.14 0.62 1.77 2.34 0.07 0.12 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Alge ria, Egypt, Morocco, and Tunisia. November 2017 WASDE - 571 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultr y Egg Milk Million Pounds Mil doz Bil lbs 2016 IV 6,625 6,648 13,329 10,065 1,511 11,708 25,037 2,220 52.5 Annual 25,221 24,941 50,387 40,695 5,981 47,225 97,612 8,565 212.4 2017 I 6,300 6,409 12,764 10,233 1,487 11,848 24,612 2,174 53.6 II 6,404 6,137 12,595 10,407 1,481 12,023 24,618 2,175 55.3 III 6,731 6,239 13,023 10,550 1,479 12,166 25,190 2,187 53.5 IV* 6,965 6,955 13,976 10,350 1,550 12,035 26,011 2,235 53.5 Annual Oct Proj. 26,549 25,826 52,595 41,440 6,008 47,991 100,586 8,774 216.2 Nov Proj. 26,400 25,740 52,358 41,540 5,997 48,072 100,430 8,771 215.8 2018 I* 6,435 6,710 13,198 10,400 1,475 12,008 25,206 2,205 54.5 II* 6,930 6,390 13,375 10,625 1,500 12,265 25,640 2,185 56.3 III* 7,040 6,580 13,674 10,700 1,500 12,340 26,014 2,230 54.5 Annual Oct Proj. 27,295 26,855 54,370 42,275 6,140 48,965 103,335 8,890 220.4 Nov Proj. 27,620 26,925 54,763 42,275 6,025 48,848 103,611 8,905 219.7 * Projection. 1/ Commer cial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & mutton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2016 IV 107.69 37.02 78.0 116.6 81.7 17.80 Annual 120.86 46.16 84.3 117.1 85.7 16.30 2017 I 122.96 49.73 88.5 100.4 80.0 18.23 II 132.76 51.70 104.7 99.1 74.7 16.83 III 112.46 55.59 94.9 96.9 102.1 17.70 IV* 117-121 38-40 86-88 89-91 120-124 17.85 -18.15 Annual Oct Proj. 119.55 49.01 93.8 98.8 92.7 17.75 -17.85 Nov Proj. 121.80 49.01 93.8 96.6 94.7 17.65 -17.75 2018 I* 116-124 45-47 87-93 86-92 94-100 16.95 -17.55 II* 112-122 47-51 86-94 93-101 82-88 16.40 -17.30 III* 110-120 44-48 84-92 98-106 91-99 16.70 -17.70 Annual Oct Proj. 111-120 43-47 85-92 100-108 91-99 17.45 -18.35 Nov Proj. 113-122 43-47 85-92 96-103 92-99 16.90 -17.80 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. November 2017 WASDE - 571 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2016 683 25,288 3,015 28,986 2,556 757 25,673 55.6 2017 Proj. Oct 757 26,616 2,957 30,330 2,834 700 26,796 57.6 Nov 757 26,467 2,966 30,190 2,855 700 26,635 57.3 2018 Proj. Oct 700 27,362 3,030 31,092 2,910 650 27,532 58.8 Nov 700 27,687 3,030 31,417 2,970 715 27,732 59.2 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2016 590 24,956 1,091 26,637 5,239 507 20,891 50.1 2017 Proj. Oct 507 25,842 1,115 27,464 5,708 600 21,156 50.4 Nov 507 25,756 1,113 27,376 5,588 630 21,158 50.4 2018 Proj. Oct 600 26,871 1,000 28,471 5,965 750 21,756 51.5 Nov 630 26,941 1,000 28,571 5,900 660 22,011 52.1 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2016 1,320 50,480 4,322 56,123 7,801 1,304 47,018 106.9 2017 Proj. Oct 1,304 52,688 4,322 58,314 8,548 1,340 48,426 109.3 Nov 1,304 52,451 4,330 58,085 8,450 1,374 48,261 109.0 2018 Proj. Oct 1,340 54,463 4,272 60,075 8,883 1,440 49,752 111.5 Nov 1,374 54,856 4,272 60,502 8,878 1,419 50,205 112.6 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2016 832 40,260 131 41,223 6,644 778 33,800 89.8 2017 Proj. Oct 778 40,997 124 41,899 6,814 745 34,340 90.6 Nov 778 41,096 123 41,99 7 6,713 780 34,504 91.0 2018 Proj. Oct 745 41,823 130 42,698 7,030 750 34,918 91.5 Nov 780 41,823 130 42,733 6,910 780 35,043 91.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2016 201 5,981 50 6,232 569 279 5,384 16.6 2017 P roj. Oct 279 6,008 35 6,322 611 325 5,386 16.5 Nov 279 5,997 28 6,304 618 300 5,386 16.5 2018 Proj. Oct 325 6,140 40 6,505 650 295 5,560 17.0 Nov 300 6,025 40 6,365 650 300 5,415 16.5 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2016 1,041 46,789 184 48,014 7,372 1,065 39,577 107.6 2017 Proj. Oct 1,065 47,547 162 48,774 7,564 1,078 40,132 108.4 Nov 1,065 47,627 154 48,847 7,464 1,088 40,294 108.8 2018 Proj. Oct 1,078 48,512 174 49,764 7,825 1,053 40,886 109.7 Nov 1,088 48,395 174 49,657 7,705 1,088 40,864 109.6 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2016 2,361 97,269 4,506 104,136 15,173 2,369 86,595 214.6 2017 Proj. Oct 2,369 100,235 4,484 107,087 16,112 2,418 88,558 217.7 Nov 2,369 100,078 4,484 106,931 15,914 2,462 88,555 217.8 2018 Proj. Oct 2,418 102,975 4,446 109,839 16,708 2,493 90,638 221.2 Nov 2,462 103,251 4,446 110,159 16,583 2,507 91,069 222.1 1/ Total including farm production fo r red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready -to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. November 2017 WASDE - 571 - 33 U.S. Egg Supply and Use Commodity 2015 2016 2017 Proj. 2017 Proj. 2018 Proj. 2018 Proj. Oct Nov Oct Nov Eggs Million Dozen Supply Beginning Stocks 23.3 31.1 27.1 27.1 27.0 27.0 Production 8,053.0 8,565.0 8,774.0 8,771.3 8,890.0 8,905.0 Imports 123.5 121.9 40.4 37.4 40.0 40.0 Total Supply 8,199.8 8,718.0 8,841.5 8,835.8 8,957.0 8,972.0 Use Exports 313.6 279.0 305.2 313.0 320.0 320.0 Hatching Use 995.6 1,009.6 1,028.8 1,028.7 1,030.0 1,030.0 Ending St ocks 31.1 27.1 27.0 27.0 27.0 27.0 Disappearance Total 6,859.4 7,402.3 7,480.5 7,467.1 7,580.0 7,595.0 Per Capita (number) 256.3 274.7 275.7 275.2 277.5 278.0 Total U.S. Milk Supply and Use Commodit y 2015 2016 2017 Proj. 2017 Proj. 2018 Proj. 2018 Proj. Oct Nov Oct Nov Milk Billion Pounds Production 208.6 212.4 216.2 215.8 220.4 219.7 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 10.5 12.3 12.7 12.7 13.0 13.6 Marketings 207.6 211.4 215.2 214.8 219.4 218.7 Imports 5.8 7.0 6.2 6.1 5.9 6.1 Total Cml. Supply 223.9 230.8 234.1 233.6 238.3 238.4 Fat Basis Use Commercial Exports 8.5 8.4 9.5 9.1 9.6 9.4 Ending Commercial Stocks 12.3 12.7 13.0 13.6 12.1 12.4 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 203.0 209.7 211.7 210.9 216.7 216.7 Skim -solid Basis Supply Beg. Commercial Stocks 9.4 9.2 9.5 9.5 11.1 12.6 Marketings 207.6 211.4 215.2 214.8 219.4 218.7 Imports 6.0 6.5 6.3 6.1 6.2 6.1 Total Cml. Supply 223.1 227.1 231.0 230.4 236.7 237.4 Skim -solid Basis Use Commercial Exports 37.3 39.0 40.9 39.9 42.0 41.7 Ending Commercial Stocks 9.2 9.5 11.1 12.6 9.7 10.7 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domes tic Commercial Use 176.6 178.5 179.1 177.9 185.0 185.1 Total Note: Totals may not add due to rounding. November 2017 WASDE - 571 - 34 U.S. Dairy Prices Commodity 2015 2016 2017 Proj. 2017 Proj. 2018 Proj. 2018 Proj. Oct Nov Oct Nov Product Prices 1/ Dollars Per Pound Cheese 1.6454 1.6050 1.625 - 1.635 1.630 - 1.640 1.645 - 1.735 1.625 - 1.715 Butter 2.0670 2.0777 2.335 - 2.365 2.325 - 2.355 2.315 - 2.435 2.285 - 2.405 Nonfat Dry Milk 0.9016 0.8292 0.870 - 0.890 0.860 - 0.880 0.815 - 0.885 0.770 - 0.840 Dry Whey 0.3804 0.2875 0.450 - 0.460 0.440 - 0.450 0.380 - 0.410 0.325 - 0.355 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 15.80 14.87 16.15 - 16.25 16.15 - 16.25 16.00 - 16.90 15.50 - 16.40 Class IV 14.35 13.77 15.25 - 15.45 15.10 - 15.30 14.70 - 15.70 14.15 - 15.15 All Milk 3/ 17.13 16.30 17.75 - 17.85 17.65 - 17.75 17.45 - 18.35 16.90 - 17.80 1/ Simple average of monthly prices calculated by AMS from weekly average dairy produc t prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . November 2017 WASDE - 571 - 35 Reliability of November Projections 1/ Note: Tables on pages 35 -37 present a record of the November projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the fi nal estimate by more than 1.2 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 2.1 percent. The average difference between the November projection and the final estimat e is 5.5 million tons, ranging from 0.1 mill ion to 18.1 million tons. The November projection has been below the estimate 27 times and above 9 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confid ence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 1.2 2.1 5.5 0.1 18.1 27 9 U.S. 0.4 0.7 0.2 0.0 1.2 17 12 Foreign 1.4 2.3 5.5 0.0 18.2 27 9 Exports World 5.8 9.8 6.1 0.2 19.2 30 6 U.S. 7.4 12.5 1.9 0.2 8.6 17 19 Foreign 7.1 12.1 5.9 0.3 17.2 32 4 Domestic Use World 1.4 2.3 5.8 0.0 18.8 22 13 U.S. 6.1 10.3 1.6 0.1 3.6 11 25 Foreign 1.4 2.4 6.0 0.5 21.1 25 11 Ending Stocks World 6.3 10.7 7.8 0.9 23.1 27 9 U.S. 11.2 19.1 2.0 0.2 7.0 22 14 Foreign 6.5 11.0 6.6 0.8 22.7 27 9 COARSE GRAINS 2/ Production World 1.6 2.7 13.1 0.2 47.3 28 8 U.S. 1.3 2.2 2.4 0.0 7.5 18 18 Foreign 2.2 3.8 13.1 0.2 48.8 28 8 Exports World 6.9 11.7 6.9 0.1 29.7 25 11 U.S. 15.9 27.1 5.7 0.4 14.7 18 18 Foreign 12.5 21.2 6.8 0.3 23.5 24 12 Domestic Use World 1.4 2.4 11.0 0.2 41.9 21 15 U.S. 3.7 6.3 5.2 0.2 17.2 18 18 Foreign 1.6 2.7 9.8 0.3 42.2 23 13 Ending Stocks World 12.8 21.7 13.1 0.3 39.6 30 6 U.S. 20.7 35.1 7.7 0.6 23.9 20 16 Foreign 16.7 28.3 11.4 0.2 31.1 32 4 RICE, mill ed Production World 2.1 3.6 5.7 0.1 16.8 30 6 U.S. 2.9 5.0 0.1 0.0 0.5 18 16 Foreign 2.2 3.7 5.7 0.2 16.9 30 6 Exports World 9.3 15.8 1.7 0.1 6.0 29 7 U.S. 9.2 15.6 0.2 0.0 0.7 20 13 Foreign 10.6 18.0 1.6 0.0 6.0 27 9 Domestic Use World 1.7 3.0 4.1 0.1 17.5 29 7 U.S. 8.1 13.8 0.2 0.0 0.6 17 19 Foreign 1.8 3.0 4.1 0.0 17.7 30 6 Ending Stocks World 11.0 18.7 5.4 0.1 24.6 29 7 U.S. 23.4 39.8 0.2 0.0 0.8 22 14 Foreign 11.4 19.4 5.4 0.1 24.4 29 7 1/ Footnotes at end of table. CONTINUED Novem ber 2017 WASDE - 571 - 36 Reliability of November Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 4.0 6.9 5.9 0.1 25.1 22 14 U.S. 2.2 3.7 1.2 0.1 4.2 15 21 Foreign 6.7 11.4 5.8 0.0 26.4 20 16 Exports World 7.4 12.6 3.4 0.0 13.4 23 13 U.S. 10.3 17.4 2.4 0.1 7.1 24 12 Foreign 18.6 31.6 2.7 0.1 11.7 18 18 Domestic Use World 2.9 5.0 3.9 0.0 14.2 22 14 U.S. 3.7 6.2 1.3 0.0 3.8 24 12 Foreign 3.6 6.1 3.7 0.2 12.8 22 14 Ending Stocks World 16.7 28.4 4.6 0.0 18.4 21 15 U.S. 50.0 84.8 2.4 0.1 7.3 8 28 Foreign 17.8 30.2 4.0 0.1 18.2 22 14 COTTON Million 480 -Pound Bales Production World 3.7 6.2 2.6 0.1 9.3 23 13 U.S. 3.0 5.1 0.4 0.0 1.0 19 16 Foreign 4.3 7.2 2.5 0.1 8.9 23 13 Exports World 7.9 13.4 2.0 0.1 10.3 23 13 U.S. 17.6 29.9 1.1 0.1 3.2 22 14 Foreign 10.4 17.7 1.5 0.0 8.9 18 17 Domestic Use World 3.4 5.8 2.5 0.0 11.1 17 18 U.S. 7.3 12.4 0.3 0.0 1.1 19 17 Foreign 3.4 5.8 2.4 0.0 10.6 18 18 Ending Stocks World 12.0 20.4 4.6 0.3 14.6 23 13 U.S. 31.9 54.2 1.1 0.1 3.5 12 24 Foreign 12.9 21.9 4.4 0.0 15.1 25 11 1/ Marketing years 1981/82 through 2016/17 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2015/16, and for 2016/17 the last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. November 2017 WASDE - 571 - 37 Reliability of United States November Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Millio n Bushels Production 1.3 2.3 88 0 250 18 17 Exports 16.4 27.9 198 9 575 17 19 Domestic Use 4.0 6.7 201 3 574 22 14 Ending Stocks 23.5 39.9 301 17 986 18 18 SORGHUM Production 4.2 7.2 15 1 53 18 18 Exports 20.1 34.2 32 0 123 21 14 Domesti c Use 18.9 32.0 35 0 127 18 17 Ending Stocks 47.4 80.4 25 2 104 12 24 BARLEY Production 1.5 2.6 4 0 24 15 10 Exports 40.0 67.9 10 0 37 14 19 Domestic Use 6.7 11.4 17 0 70 13 22 Ending Stocks 12.8 21.7 13 0 38 24 10 OATS Production 1.1 1.9 2 0 18 7 9 Exports 73.9 125.5 1 0 7 9 10 Domestic Use 4.9 8.4 12 1 39 15 21 Ending Stocks 20.8 35.3 14 1 52 23 13 SOYBEAN MEAL Thousand Short Tons Production 3.6 6.1 1,036 14 3,250 23 13 Exports 11.6 19.6 692 0 3,600 19 14 Domestic Use 3.4 5.8 735 30 2,350 16 20 Ending Stocks 28.8 48.9 44 0 249 13 13 SOYBEAN OIL Million Pounds Production 3.9 6.6 509 40 2,240 25 11 Exports 29.1 49.4 351 0 1,425 19 16 Domestic Use 3.9 6.5 455 56 1,828 23 13 Ending Stocks 23.5 39.9 343 0 1,077 18 17 ANIMAL PROD. Million Pounds Beef 3.8 6.5 778 92 2,461 25 10 Pork 3.3 5.5 418 2 1,592 21 14 Broilers 1.9 3.2 413 17 1,394 21 14 Turkeys 3.5 5.9 137 2 444 21 14 Million Dozen Eggs 2.0 3.4 108 2 513 24 11 Billion Pounds Milk 1.6 2.6 1.8 0.0 6.0 18 13 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2016/17 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined a s the first November estimate following the marketing year for 1981/82 through 2015/16, and for 2016/17 the last month’s estimate. Calendar years 1982 through 2016 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2016. WASDE -571-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provi des a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oi lseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 WASDE Notification System Subscribers are not ified through GovDelivery when the monthly World Agricultural Supply and Demand Estimates (WASDE) report is available. Previous WASDE reports are available at http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1194 For questions contact: Susan Carter at 202- 720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE -571 – November 9, 2017 WASDE Briefing Slides : The briefing slides which accompany today’s WASDE report will be available at http://www.usda.gov/oce/commodity/wasde/ Electronic Subscriptions: Down load the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e -mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu. Select the “Reports by E -Mail” bar to sign up. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 566 Approved by the World Agricultur al Outlook Board June 9, 2017 Note: Because planting is still underway in the Northern Hemisphere and remains several months away in the Southern Hemisphere, these projections are highly tentative. National Agricultural Statistics Service (NASS) forecasts are used for U.S. winter wheat area, yield, and production. For other U.S. crops, methods used to project acreage and yield are noted on each table. WHEAT: Projected U.S. wheat supplies for 2017/18 are higher this month on increased beginning stocks, production, and imports. Projected 2017/18 U.S. wheat production is slightly increased by 3.8 million bushels to 1,824 millio n. The NASS June Crop Production report indicates higher Hard Red Winter and Soft Red Winter wheat production forecasts , which more than offset a reduced White Winter wheat crop. All of the wheat use categ ories are unchanged this month. The net supply increase raises projected 2017/18 ending stocks by 10.8 million bushels to 924.3 million. Carryout remains 20 percent below last year. The 2017/18 season -average farm price is projected at $3.90 to $4.70 per bushel, up 5 cents on both ends of the range. The mid- point of this range is up $0.40 from 2016/17. High- protein wheat supplies are expected to remain constrained in 2017/18, resulting in relatively higher prices for this wheat. Global wheat suppli es for 2017/18 are raised 2.8 million tons, primarily on higher forecast wheat production for Russia, which is up 2.0 million tons to 69.0 million. Conditions continue to be favorable for winter wheat in most areas since the crop emerged from dormancy. Turkey’s wheat production is also forecast higher, up 0.5 million tons to 18.0 million on improved crop conditions this spring. India’s wheat production forecast is reduced 1.0 million tons to 96.0 million but is still record large and 9.0 million tons abo ve 2016/17. European Union wheat production is forecast modestly lower at 150.8 million tons on a smaller expected crop in Germany but still 4 percent above last year. Foreign exports for 2017/18 are fractionally higher this month with increases in Ar gentina and Iran more than offsetting a reduction for the EU. Imports are projected higher for Brazil, Chile, and South Africa but down for Iran. Total world consumption is marginally lower , as a 1.0-million -ton reduction in India is only partially offset by increases in Russia, Brazil, and Chile. Global ending stocks are projected at a record 261.2 million tons, up 2.9 million from last month. COARSE GRAINS: The 2017/18 outlook for U.S. feed grain supplies is virtually unchanged this month as an incre ase in sorghum beginning stocks is largely offset by reductions for barley and oats. Projected corn production for 2017/18 is unchanged at 14,065 million bushels. USDA will release the Acreage report on June 30, providing a survey -based estimate of corn area planted and a forecast of area harvested for grain. The season - average corn price received by producers is unchanged from last month at $3.00 to $3.80 per bushel. WASDE- 566-2 The increase for 2017/18 sorghum beginning stocks reflects a 5 million bushel reduction for 2016/17 food, seed, and industrial use based on reported sorghum used for ethanol production through April in the Grain Crushings and Co- Products Production report. With other use categories unchanged, sorghum ending stocks for 2016/17 are raised 5 million bushels. This month’s 2017/18 foreign coarse grain outlook is for lower production, increased trade and reduced stocks relative to last month. EU corn production is down based on government data indicating lower -than-expected area in France an d Germany. Canada corn production is lowered on reductions to both area and yield, as wetter -than-normal conditions in Ontario and Quebec during May delayed plantings and are expected to reduce yield prospects. Ukraine corn production is raised based on reported planting progress to date indicating a level of planted area above previous expectations. Turkey ’s barley production is raised as the impact of April dryness was not as severe as previously anticipated. For 2016/17, Brazil corn production is rai sed as above- normal rainfall in the Center -West during May boosts yield prospects. South Africa corn production is higher reflecting the latest production estimate from the government. Major global trade changes for 2017/18 include higher projected corn exports for Ukraine and Russia, with increased corn imports for the EU. Foreign corn ending stocks are lowered from last month, with reductions for Canada, the EU and Russia more than offsetting increases for South Africa and Ukraine. RICE : U.S. 201 6/17 rice ending stocks are lowered 2.0 million cwt this month on increased exports. Milled exports for 2016/17 are raised 4.0 million cwt on strong demand particularly in the Middle East. However, rough exports for 2016/17 are lowered 2.0 million cwt on a correction in Census data for shipments to El Salvador; the correction also led to a slight reduction in 2015/16 rough exports. Total supplies for 2017/18 are down 2.0 million cwt, reflecting the lower beginning stocks and unchanged production. All rice planted area remains estimated at 2.6 million acres despite weather -related uncertainties in the mid- South and California during planting this spring. NASS will release the Acreage report on June 30 providing an estimate for rice planted area and a f orecast for harvested area. Total exports are raised 2.0 million cwt to 112.0 million with milled increased 3.0 million and rough reduced 1.0 million. Ending stocks are lowered 4.0 million cwt to 34.1 million, and the 2017/18 all rice season- average farm price is raised $0.30 per cwt at the midpoint to a range of $11.00 to $12.00. Global supplies are raised fractionally for both 2016/17 and 2017/18. The largest change is a 1.5-million -ton increase in 2016/17 India production to 108.0 million on updated government statistics. Global 2017/18 rice production is lowered fractionally to 481.0 million tons, down 2.1 million tons from the previous year and the second largest on record. Exports are raised 0.6 million tons in 2016/17 and 0.5 million tons in 2017/18 both largely on increases for India. Imports for 2017/18 are raised 0.4 million tons for Bangladesh on tight supplies. Only slight changes are made this month to total use. Ending stocks are raised 0.7 million tons for 2016/17 and 0.8 million tons for 2017/18, respectively. WASDE- 566-3 OILSEEDS : This month’s U.S. soybean supply and use projections for 2017/18 are little changed from last month. Higher beginning stocks reflect a lower crush projection for 2016/17. Soybean crush for 2016/17 is reduced 15 million bushels to 1,910 million mainly reflecting reduced domestic soybean meal disappearance. Soybean ending stocks for 2016/17 are projected at 450 million bushels, up 15 million from last month. Ending stocks for 2017/18 are also raised 15 million bushels to 495 million. Price forecasts for 2017/18 are unchanged this month. The 2017/18 season -average price for soybeans is forecast at $8.30 to $10.30 per bushel; soybean meal and oil prices are projected at $295 to $335 per short ton and 30 to 34 cent s per pound, respectively. The 2017/18 global oilseed supply and demand forecasts include higher production and stocks compared to last month. Higher cottonseed and sunflowerseed production is partly offset by lower rapeseed. Sunflowerseed production is raised for Ukraine on higher planted area based on reported planting progress to date. EU rapeseed production is down mainly on lower projected yields in Germany where crops experienced dry and sub -freezing conditions through key flowering stages. Global oilseed production changes for 2016/17 include higher soybean production in Brazil and Argentina and higher peanut production in India. Global soybean production is raised 3.3 million tons to 351.3 million. The Brazil soybean crop is projected up 2.4 million tons to 114.0 million reflecting increased yields in more recently harvested areas, particularly Rio Grande do Sul. With higher global production in 2016/17, the beginning stocks for 2017/18 are raised 3.1 million tons to 93.2 million. The larger beginning stocks combined with a 0.5- million -ton reduction to Argentina soybean exports in 2017/18 results in a 3.4- million -ton increase to 92.2 million to global soybean stocks at the end of the 2017/18 marketing year. SUGAR : Beet sugar production for fiscal year 2016/17 is forecast at 4.988 million short tons, raw value (STRV), an increase of 56,000 over last month based on additional sugarbeets expected to be processed in August and September 2017 from the 2017/18 crop. Texas cane sugar production for 2016/17 is increased 2,775 STRV to 138,300 based on final processor reporting. Ending stocks are increased by the sum of the supply adjustments to 1.536 million STRV, implying a stocks -to-use ratio of 12.3 percent. Beet sugar production for 2017/18 i s increased 38,000 STRV to 4.988 million based on analysis of this spring’s planting pace and current crop conditions, and on the proportion of the 2017/18 sugarbeet crop expected to be processed before October 1. Imports from Mexico are reduced by 526,396 STRV from last month to 1.774 million. Ending stocks are decreased by the sum of the supply adjustments to 1.104 million STRV, implying a stocks -to-use ratio of 8.8 percent. Mexico 2016/17 sugar production is decreased by 201,245 metric tons (MT) to 5. 985 million based on the production pace as the harvest season approaches its end. Exports to other countries are increased by 40,000 MT to 150,000 based on the pace of exports to non- U.S. destinations and exports made to the U.S. re- export import program . Ending stocks for 2016/17 are therefore reduced by 241,245 MT to 1.101 million. Mexico 2017/18 production is reduced 125,000 MT to 6.100 million based on area for harvest at 790,000 hectares, s ugarcane production of 54.465 million MT, and recovery of 11.2 percent. WASDE- 566-4 Imports, domestic deliveries for consumption and IMMEX, and exports to non- U.S. destinations are the same as last month. Exports to the United States are reduced by 450,508 MT to 1.519 million. Exports to the United States are based on the lower of the following: (1) U.S. Needs of 1.886 million MT as defined in the Suspension Agreements but assuming additionally that U.S. specialty sugar imports will be set at the same level as initially established for 2016/17; or (2) the export level that yields an ending stocks -to-consumption ratio of 18.0 percent. The 18 -percent stocks- to-consumption is an assumed lower bound necessary for use until mid- December 2018 when the new Mexico sugarcane harvest is well underway. LIVESTOCK, POULTRY, AND DAIRY : The forecast for total meat production is lowered from last month per 2017 but is raised for 2018. Beef production for 2017 is lowered primarily on lighter carcass weights which more than offsets higher expected slaughter in the later part of 2017. Higher ex pected placements support a higher 2018 beef forecast. Pork production for 2017 is lowered on the current pace of second- quarter slaughter and lighter carcass weights. No changes are made to the 2018 production forecast. USDA’s Quarterly Hogs and Pigs report will be released June 29 and will provide an indication of producer farrowing intentions for the remainder of 2017. Broiler production for 2017 is lowered on the pace of second- quarter slaughter. No changes are made to outlying quarters or the 2018 forecast. Turkey production in the second quarter of 2017 is reduced on the current pace of slaughter, and third-quarter production is lowered as weak demand is expected to limit the rate of expansion. No changes are made to the 2018 turkey forecast. Egg production for 2017 is raised on recent hatchery data. Beef trade forecasts for 2017 and 2018 are unchanged from last month. The pork export forecast for 2017 is unchanged from last month, but the import forecast is raised. No changes are made to the 2018 pork trade forecast s. The second- quarter broiler import forecast is lowered on recent trade data but no changes are made to outlying quarters. No changes were made to the 2017 broiler export forecast, but the turkey export forecast was lowered on continued demand weakness. Poultry trade forecasts are unchanged for 2018. Cattle and hog prices for 2017 are raised from last month on price strength to date and continued price strength in the third quarter. Cattle prices are unchanged for 2018, while hog prices are raised on expected strong packer demand next year. Broiler prices are raised for 2017 and first quarter 2018 on expectations of continued strong demand. Turkey prices are reduced for 2017 and 2018 on weaker -than- expected demand. Egg prices for 2017 are lowered fractionally, but the 2018 egg price forecast is unchanged. Milk production forecasts for 2017 and 2018 are lowered from last month as lower expected growth in milk per cow more than offset s expected gains in cow numbers. For 2017 and 2018, fat basis exports are reduced on the expectation that current high prices will temper export demand, but skim -solid basis exports are raised for both years on expected strength in nonfat dry milk/ skim milk powder demand. The 2017 fat basis imp ort forecast is raised on stronger imports of cheese and butterfat . For 2 018, lower expected imports of some processed dairy product s more than offsets higher expected imports of cheese and butterfat , and the forecast for fat basis imports is lowered. The skim -solid basis import forecasts are unchanged. Cheese, butter, and nonfat dry milk (NDM) price forecasts are raised for both 2017 and 2018 on strong domestic and international demand and a reduced production forecast. However, WASDE- 566-5 whey prices are reduced from last month for 2017, but raised for 2018. For 2017, the Class III price is raised as the cheese price increase more than offsets the lower whey price, and the Class IV price forecasts reflects higher butter and NDM prices. For 2018, Class prices are raised o n higher component product prices. The all milk price is forecast higher at $17.80 to $18.20 per cwt for 2017 and is increased to $18.10 to $19.10 per cwt for 2018. COTTON : The U.S. cotton projections for 2017/18 show a reduction of 500,000 bales in exports from last month to 13.5 million , as higher anticipated foreign production is expected to reduce global import demand. Beginning stocks, production and domestic mill use are unchanged. Accordingly, ending stocks are now projected at 5.5 million bales which, if realized, would be a 9 -year high. The projected range for the 2017/18 marketing year average farm price of 54.0 to 74.0 cents per pound is unchanged from last month, while the price estimate for 2016/17 is reduced marginally to 68.5 cents. The 2017/18 world cotton projections include increases in global production, consumption, and ending stocks, while trade is reduced 2 percent. Production is raised for Pakistan, China, and Mexico based on higher estimated planted area. Higher global consumption reflects increases for China, India, and Pakistan which are largely due to higher domestic supplies. China’s consumption is raised in both 2016/17 and 2017/18, as sales from the national reserve and steady imports suggest that consumption there is st ronger than previously estimated. A reduction of nearly 800,000 bales in world imports results primarily from lower expected demand by Pakistan and Mexico. Exports are lowered for the United States, India, Brazil and others . World ending stocks are now projected at 87.7 million bales, the lowest since 2011/12. Approved by the Secretary of Agriculture and t he Chairman of the World Agricultural Outlook Board, Seth D. Meyer , (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: MICHAEL YOUNG SECRETARY OF AGRICULTURE DESIGNATE WASDE- 566-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estim ates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers , ICEC Chair, WAOB, E -mail: wchambers @oce.usda.gov Jennifer Bond, ERS; Andrew Sowell, FAS; P ete Riley, FSA . Rice: William Chambers , ICEC Chair, WAOB, E-mail: wchambers @oce.usda.gov Nathan Childs, ERS; Rachel Trego, FAS; Pete Riley, FSA . Feed Grains: Michael Jewison , ICEC Chair, WAOB, E-mail: [email protected] Tom Capehart, ERS; Yoonhee Macke, FAS; Thomas Gajnak , FSA . Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail: [email protected] Mark Ash, ERS; Bill George, FAS; Susan Proper, FSA . Cotton: Stephen MacDonald, ICEC Chair, WAOB, E -mail: [email protected] Leslie Meyer, ERS ; James Johnson, FAS; Sherrie Grimm, FSA . Sugar: Stephen Haley , ICEC Chair, WAOB, E -mail: shaley @oce.usda.gov Michael McConnell, ERS; Ro n Lord, FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Sher ry Wise, AMS; Mildred Haley, ERS; Lindsay Kuberka, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Larry Haller, AMS; Sean Ramos, ERS; Tyler Cozzens, FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Milton Madison, FSA. In 2017, the WASDE report will be released on Jul. 12, Aug. 10, Sep. 12, Oct. 12, Nov. 9, and Dec. 12. WASDE- 566-7 T A B L E OF C O N T E N T S Page Highlights ................................ ................................ ................................ ............. 1 Interagency Commodity Estimates Committees ................................ .................... 6 World & U.S. Supply & Use for Grains ................................ ................................ .. 8 World & U.S. Supply & Use for Cotton ................................ ................................ .. 9 World & U.S. Supply & Use for Oilseeds ................................ ............................ 10 U.S. Wheat Supply & Use ................................ ................................ .................. 11 U.S. Wheat Supply & Use by Class ................................ ................................ .... 11 U.S. Feed Grain & Corn Supply & Use ................................ ............................... 12 U.S. Sorghum, Barley & Oats Supply & Use ................................ ....................... 13 U.S. Rice Supply & Use ................................ ................................ ..................... 14 U.S. Soybeans & Products Supply & Use ................................ ........................... 15 U.S. Sugar Supply & Use ................................ ................................ ................... 16 Mexico Sugar Supply and Use ................................ ................................ ........... 16 U.S. Cotton Supply & Use ................................ ................................ .................. 17 World Wheat Supply & Use ................................ ................................ ................ 18 World Coarse Grains Supply & Use ................................ ................................ .... 20 World Corn Supply & Use ................................ ................................ .................. 22 World Rice Supply & Use ................................ ................................ ................... 24 World Cotton Supply & Use ................................ ................................ ................ 26 World Soybean Supply & Use ................................ ................................ ............ 28 World Soybean Meal Supply & Use ................................ ................................ .... 29 World Soybean Oil Supply & Use ................................ ................................ ....... 30 U.S. Quarterly Animal Product Production ................................ .......................... 31 U.S. Quarterly Prices for Animal Products ................................ .......................... 31 U.S. Meats Supply and Use ................................ ................................ ............... 32 U.S. Egg Supply & Use ................................ ................................ ...................... 33 U.S. Milk Supply and Use ................................ ................................ .................. 33 U.S. Dairy Prices ................................ ................................ ............................... 34 Reliability Tables ................................ ................................ ................................ 35 Related USDA Reports ................................ ................................ ...................... 38 Metric Conversion Factors ................................ ................................ ................. 38 Electronic Access a nd Subscriptions ...................................................................... 40 June 2017 WASDE - 566 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2015/16 2467.37 3046.48 376.89 2439.21 607.27 2016/17 (Est.) 2597.29 3204.56 418.55 2568.75 635.80 filler filler filler filler filler 2017/18 (Proj.) May 2530.95 3164.35 406.45 2564.91 599.44 2017/18 (Proj.) Jun 2530.90 3166.70 408.06 2563.98 602.72 filler filler filler filler filler Wheat 2015/16 736.98 954.59 172.80 712.02 242.57 2016/17 (Est.) 754.10 996.67 180.33 740.25 256.43 filler filler filler filler filler 2017/18 (Proj.) May 737.83 993.18 178.35 734.89 258.29 2017/18 (Proj.) Jun 739.53 995.9 6 178.55 734.77 261.19 filler filler filler filler filler Coarse Grains 5/ 2015/16 1258.52 1504.99 163.61 1256.04 248.95 2016/17 (Est.) 1360.09 1609.04 196.19 1348.88 260.16 filler filler filler filler filler 2017/18 (Proj.) May 1311.83 1571.32 185.93 1349.93 221.38 2017/18 (Proj.) Jun 1310.33 1570.48 186.83 1349.50 220.98 filler filler filler filler filler Rice, milled 2015/16 471.87 586.90 40.48 471.15 115.75 2016/17 (Est.) 483.10 598.85 42.03 479.62 119.22 filler filler filler filler filler 2017/18 (Proj.) May 481.30 599.86 42.17 480.09 119.77 2017/18 (Proj.) Jun 481.04 600.26 42.68 479.72 120.55 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2015/16 429.26 506.00 81.57 348.30 76.14 2016/17 (Est.) 472.57 556.03 94.24 366.42 95.37 filler filler filler filler filler 2017/18 (Proj.) May 426.31 529.36 83.56 363.25 82.55 2017/18 (Proj.) Jun 426.42 529.61 83.62 363.24 82.74 filler filler filler filler filler Wheat 2015/16 56.12 79.67 21.09 32.02 26.55 2016/17 (Est.) 62.86 92.60 28.17 32.82 31.61 filler filler filler filler filler 2017/18 (Proj.) May 49.54 84.49 27.22 32.41 24.86 2017/18 (Proj.) Jun 49.64 84.79 27.22 32.41 25.16 filler filler filler filler filler Coarse Grains 5/ 2015/16 367.01 417.89 57.07 312.70 48.11 2016/17 (Est.) 402.60 454.10 62.39 329.41 62.30 filler filler filler filler filler 2017/18 (Proj.) May 370.39 436.19 52.85 326.86 56.48 2017/18 (Proj.) Jun 370.39 436.22 52.85 326.86 56.50 filler filler filler filler filler Rice, milled 2015/16 6.13 8.45 3.40 3.57 1.48 2016/17 (Est.) 7.12 9.34 3.68 4.19 1.46 filler filler filler filler filler 2017/18 ( Proj.) May 6.38 8.67 3.49 3.97 1.21 2017/18 (Proj.) Jun 6.38 8.61 3.56 3.97 1.08 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/imp ort imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). June 2017 WASDE - 566 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2015/16 2,038.1 1 2,540.47 295.32 2,090.91 531.13 2016/17 (Est.) 2,124.71 2,648.53 324.30 2,202.33 540.43 filler filler filler filler filler 2017/18 (Proj.) May 2,104.64 2,635.00 322.89 2,201.66 516.89 2017/18 (Proj.) Jun 2,104.48 2,637.09 324.44 2,200.74 519.98 filler filler filler filler filler Wheat 2015/16 680.87 874.93 151.70 680.00 216.02 2016/17 (Est.) 691.24 904.08 152.16 707.42 224.82 filler filler filler filler filler 2017/18 (Proj.) May 688.29 908.69 151.13 702.48 233.43 2017/18 (Proj.) Jun 689.89 911.17 151.33 702.35 236.04 filler filler filler filler filler Coarse Grains 5/ 2015/16 891.51 1,087.10 106.54 943.33 200.84 2016/17 (Est.) 957.49 1,154.94 133.80 1,019.48 197.86 filler filler filler filler filler 2017/ 18 (Proj.) May 941.43 1,135.12 133.08 1,023.07 164.91 2017/18 (Proj.) Jun 939.93 1,134.27 133.98 1,022.64 164.48 filler filler filler filler filler Rice, milled 2015/16 465.73 578.44 37.07 467.58 114.27 2016/17 (Est.) 475.98 589.51 38.34 475.43 117.76 filler filler filler filler filler 2017/18 (Proj.) May 474.92 591.19 38.67 476.12 118.56 2017/18 (Proj.) Jun 474.66 591.65 39.12 475.75 119.46 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grai ns. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2015/16 96.79 208.53 35.30 111.22 97.17 2016/17 (Est.) 105.99 203.15 36.80 113.57 89.34 filler filler filler filler filler 2017/18 (Proj.) May 113.22 202.75 37.63 115.75 87.14 2017/18 (Proj.) Jun 114.73 204.07 36.84 116.51 87.71 filler filler filler filler filler United States 2015/16 12.89 16.57 9.15 3.45 3.80 2016/17 (Est.) 17.17 20.98 14.50 3.30 3.20 filler filler filler filler filler 2017/18 (Proj.) May 19.20 22.41 14.00 3.40 5.00 2017/18 (Proj.) Jun 19.20 22.41 13.50 3.40 5.50 filler filler filler filler filler Foreign 4/ 2015/16 83.90 191.96 26.14 107.77 93.37 2016/17 (Est.) 88.82 182.17 22.30 110.27 86.14 filler filler filler filler filler 2017/18 (Proj.) May 94.02 180.34 23.63 112.35 82.14 2017/18 (Proj.) Jun 95.53 181.66 23.34 113.11 82.21 filler filler filler filler filler 1/ Marke ting year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. June 2017 WASDE - 566 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2015/16 521.22 614.10 153.00 446.33 90.07 2016/17 (Est.) 570.19 660.26 166.99 469.56 104.28 filler filler filler filler filler 2017/18 (Proj.) May 572.08 673.79 172.74 486.04 100.79 2017/18 (Proj.) Jun 573.03 677.31 172.25 486.83 103.50 filler filler filler filler filler Oilmeals 2015/16 305.99 322.70 86.65 304.09 15.29 2016/17 (Est.) 321.26 336.55 90.08 316.22 16.45 filler filler filler filler filler 2017/18 (Proj.) May 333.27 349.44 92.46 329.55 15.66 2017/18 (Proj.) Jun 333.34 349.79 92.67 329.78 15.77 filler filler filler filler filler Vegetable Oil s 2015/16 176.82 200.93 73.47 177.92 20.18 2016/17 (Est.) 186.17 206.35 77.34 183.90 18.54 filler filler filler filler filler 2017/18 (Proj.) May 194.33 212.88 79.00 188.99 20.00 2017/18 (Proj.) Jun 194.56 213.09 79.20 189.33 19.79 filler filler filler filler filler United States Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2015/16 115.88 123.76 53.79 55.05 6.87 2016/17 (Est.) 127.27 135.71 56.90 56.56 13.65 filler filler filler filler filler 2017 /18 (Proj.) May 126.80 141.74 59.63 58.04 14.59 2017/18 (Proj.) Jun 126.80 142.14 59.68 58.03 14.94 filler filler filler filler filler Oilmeals 2015/16 42.78 47.14 11.19 35.68 0.28 2016/17 (Est.) 43.28 47.60 11.22 36.05 0.33 filler filler filler filler filler 2017/18 (Proj.) May 44.86 49.16 11.61 37.22 0.33 2017/18 (Proj.) Jun 44.76 49.11 11.59 37.19 0.33 filler filler filler filler filler Vegetable Oils 2015/16 11.21 17.04 1.25 14.55 1.24 2016/17 (Est.) 11.57 17.52 1.34 14.80 1.38 filler filler filler filler filler 2017/18 (Proj.) May 11.81 17.97 1.32 15.16 1.49 2017/18 (Proj.) Jun 11.81 17.94 1.32 15.16 1.46 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stoc k s Oilseeds 2015/16 405.34 490.35 99.21 391.27 83.20 2016/17 (Est.) 442.92 524.55 110.09 413.00 90.63 filler filler filler filler filler 2017/18 (Proj.) May 445.28 532.05 113.11 428.00 86.19 2017/18 (Proj.) Jun 446.23 535.17 112.57 428.80 88.56 filler filler filler filler filler Oilmeals 2015/16 263.21 275.55 75.46 268.41 15.02 2016/17 (Est.) 277.98 288.95 78.86 280.16 16.13 filler filler filler filler filler 2017/18 (Proj.) May 288.41 300.28 80.85 292.33 15.33 2017/18 (Proj.) Jun 288.57 300.68 81.08 292.59 15.44 filler filler filler filler filler Vegetable Oils 2015/16 165.61 183.89 72.23 163.37 18.94 2016/17 (Est.) 174.61 188.83 76.00 169.10 17.16 filler filler filler filler filler 2017/18 (Proj.) May 182.53 194.91 77.68 173.84 18.51 2017/18 (Proj.) Jun 182.75 195.16 77.88 174.18 18.34 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. June 2017 WASDE - 566 - 11 U.S. Wheat Supply and Use 1/ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. May Jun Million Acres Area Planted 55.0 50.2 46.1 * 46.1 * Area Harvested 47.3 43.9 38.5 * 38.5 * Bushels Yield per Harvested Acre 43.6 52.6 47.2 * 47.3 * Million Bushels Beginning Stocks 752 976 1,159 1,161 Production 2,062 2,310 1,820 1,824 Imports 113 117 125 130 Supply, Total 2,927 3,402 3,105 3,115 Food 957 955 955 955 Seed 67 61 66 66 Feed and Residual 152 190 170 170 Domestic, Total 1,177 1,206 1,191 1,191 Exports 775 1,035 1,000 1,000 Use, Total 1,952 2,241 2,191 2,191 Ending Stocks 976 1,161 914 924 Avg. Farm P rice ($/bu) 2/ 4.89 3.90 3.85 - 4.65 3.90 - 4.70 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2016/17 (Est.) Beginning Stocks 446 272 157 74 28 976 Production 1,082 493 345 286 104 2,310 Supply, Total 3/ 1,532 805 536 367 162 3,402 Domestic Use 532 275 216 95 88 1,206 Exports 445 315 90 161 24 1,035 Use, Total 977 590 306 256 112 2,241 Ending Stocks, Total Jun 555 215 230 111 50 1,161 Ending Stocks, Total May 560 207 234 107 51 1,159 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. * P lanted acres reported in the March 31, 2017, "Prospective Plantings." Harvested acres and yield for other spring wheat and Durum are projected using 10 -year harvested -to-planted ratios by state and 1985- 2016 yield trends by state (except for Arizona, Cali fornia, and Idaho Durum). For May, winter wheat harvested acres and yield reported in the May 10, 2017,"Crop Production." For June, winter wheat harvested acres and yield reported in the June 9, 2017,"Crop Production." ********************************** ******************************************** Wheat -by-class projections for 2017/18 will first be published in the July 12, 2017, WASDE. ************ ****************************************************************** June 2017 WASDE - 566 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. May Jun Million Acres Area Planted 103.2 106.6 101.0 * 101.0 * Area Harvested 93.0 96.5 90.5 * 90.5 * Metric Tons Yield per Harvested Acre 3.94 4.17 4.09 4.09 Million Metric Tons Beginning Stocks 46.9 48.1 62.3 62.3 Production 366.7 402.3 370.1 370.1 Imports 3.7 3.2 3.3 3.3 Supply, Total 417.4 453.6 435.7 435.7 Feed and Residual 135.5 145.9 141.5 141.5 Food, Seed & Industrial 176.7 183.0 184.8 184.8 Domestic, Total 312.2 328.9 326.4 326.4 Exports 57.1 62.4 52.8 52.8 Use, Total 369.3 391.3 379.2 379.2 Ending Stocks 48.1 62.3 56.5 56.5 CORN 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. May June Million Acres Area Planted 88.0 94.0 90.0 * 90.0 * Area Harvested 80.8 86.7 82.4 * 82.4 * Bushels Yield per Harv ested Acre 168.4 174.6 170.7 * 170.7 * Million Bushels Beginning Stocks 1,731 1,737 2,295 2,295 Production 13,602 15,148 14,065 14,065 Imports 67 55 50 50 Supply, Total 15,401 16,940 16,410 16,410 Feed and Residual 5,123 5,500 5,425 5,425 Food, Seed & Industrial 2/ 6,643 6,920 7,000 7,000 Ethanol & by -products 3/ 5,224 5,450 5,500 5,500 Domestic, Total 11,766 12,420 12,425 12,425 Exports 1,898 2,225 1,875 1,875 Use, Total 13,664 14,645 14,300 14,300 Ending Stocks 1,737 2,295 2,110 2,110 Avg. Farm Price ($/bu) 4/ 3.61 3.25 - 3.45 3.00 - 3.80 3.00 - 3.80 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn us es, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by -products including distillers' grains, c orn gluten feed, corn gluten meal, and corn oil. 4/ Marketing - year weighted average price received by farmers. * Planted acres reported in the March 31, 2017, "Prospective Plantings." For corn, harvested acres projected based on historical abandonment and use for silage. The yield projection is based on a weather -adjusted trend assuming normal mid -May planting progress and summer growing season weather, estimated using the 1988- 2016 time period, and includes a downward stochastic adjustment to account f or the asymmetric response of yield to July precipitation. (For an explanation of the yield trend model see Westcott and Jewison, Weather Effects on Expected Corn and Soybean Yields, USDA -ERS, Feed Outlook No. (FDS -13G-01), July 2013, www.ers.usda.gov/webd ocs/publications/fds13g01/39297_fds -13g-01.pdf?v=41481.) June 2017 WASDE - 566 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. May Jun Million Bu shels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 8.5 6.7 5.8 * 5.8 * Area Harvested (mil. acres) 7.9 6.2 4.9 * 4.9 * Yield (bushels/acre) 76.0 77.9 67.1 * 67.1 * Beginning Stocks 18 37 48 53 Production 597 480 331 331 Imports 5 1 0 0 Supply, Total 620 518 379 384 Feed and Residual 108 130 55 55 Food, Seed & Industrial 137 110 100 100 Total Domestic 245 240 155 155 Exports 339 225 200 200 Use, Total 583 465 355 355 Ending Stocks 37 53 24 29 Avg. Farm Price ($/bu) 2/ 3.31 2.60 - 2.70 2.60 - 3.40 2.60 - 3.40 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. May June Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.6 3.1 2.5 * 2.5 * Area Harvested (mi l. acres) 3.2 2.6 2.2 * 2.2 * Yield (bushels/acre) 69.1 77.9 72.6 * 72.6 * Beginning Stocks 79 102 95 93 Production 218 199 159 159 Imports 19 10 15 15 Supply, Total 315 311 269 267 Feed and Residual 50 60 35 35 Food, Seed & Industrial 153 153 153 153 Total Domestic 202 213 188 188 Exports 11 5 5 5 Use, Total 213 218 193 193 Ending Stocks 102 93 76 74 Avg. Farm Price ($/bu) 2/ 5.52 4.95 4.35 - 5.35 4.65 - 5.65 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. May June Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.1 2.8 2.7 * 2.7 * Area Harvested (mil. acres) 1.3 1.0 1.0 * 1.0 * Yield (bushels/acre) 70.2 66.0 67.0 * 67.0 * Beginning Stocks 54 57 46 42 Production 90 65 67 67 Imports 86 91 100 100 Supply, Total 229 213 213 209 Feed and Residual 93 90 90 90 Food, Seed & Industrial 77 78 80 80 Total Domestic 170 168 170 170 Exports 2 3 2 2 Use, Total 172 171 172 172 Ending Stocks 57 42 41 37 Avg. Far m Price ($/bu) 2/ 2.12 2.05 1.95 - 2.45 1.95 - 2.45 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average pri ce received by farmers. * Planted acres reported in the March 31, 2017, "Prospective Plantings." Harvested area for sorghum, barley and oats based on historical average harvested -to-planted ratios. For sorghum the projected yield is the median yield for 1985- 2016. For barley and oats, projected yields are based on the 1990 -2016 trends. Yields shown reflect production rounding. June 2017 WASDE - 566 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Mil led Rice) TOTAL RICE 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. May Jun Million Acres Area Planted 2.63 3.15 2.63 * 2.63 * Area Harvested 2.59 3.10 2.61 * 2.61 * Fil ler Pounds Yield per Harvested Acre 7,472 7,237 7,716 * 7,716 * Million Hundredweight Beginning Stocks 2/ 48.5 46.5 48.1 46.1 Production 193.1 224.1 201.0 201.0 Imports 24.1 23.5 24.0 24.0 Supply, Total 265.8 294.1 273.1 271.1 Domestic & Residual 3/ 112.1 132.0 125.0 125.0 Exports, Total 4/ 107.2 116.0 110.0 112.0 Rough 37.6 45.0 45.0 44.0 Milled (rough equiv.) 69.5 71.0 65.0 68.0 Use, Total 219.3 248.0 235.0 237.0 Ending Stocks 46.5 46.1 38.1 34.1 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm P rice ($/cwt) 6/ 12.20 10.20 - 10.40 10.70 - 11.70 11.00 - 12.00 Total LONG -GRAIN RICE 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. May June Harvested Acres (mil.) 1.85 2.40 Yield (pounds/acre) 7,219 6,927 Beginning Stocks 26.5 22.7 28.7 27.7 Production 133.4 166.5 142.0 142.0 Supply, Total 7/ 180.7 209.7 191.7 190.7 Domestic & Residual 3/ 82.1 102.0 95.0 95.0 Exports 8/ 76.0 80.0 76.0 77.0 Use, Total 158.0 182.0 171.0 172.0 Ending Stocks 22.7 27.7 20.7 18.7 Avg. Farm Price ($/cwt) 6/ 11.20 9.50 - 9.70 10.20 - 11.20 10.50 - 11.50 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. May June Harvested Acres (mil.) 0.74 0.69 Yield (pounds/acre) 8,107 8,311 Beginning Stocks 20.2 20.9 16.6 15.6 Production 59.7 57.7 59.0 59.0 Supply, Total 7/ 82.2 81.6 78.6 77.6 Domestic & Residual 3/ 30.1 30.0 30.0 30.0 Exports 8/ 31.2 36.0 34.0 35.0 Use, Total 61.3 66.0 64.0 65.0 Ending Stocks 20.9 15.6 14.6 12.6 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 15.30 12.10 - 12.70 12.30 - 13.30 12.40 - 13.40 California 10/ 18.10 13.10 - 13.70 13.10 - 14.10 13.10 - 14.10 Other States 1/ 11.20 9.90 - 10.10 10.50 - 11.50 10.80 - 11.80 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2015/16 -2.9; 2016/17 -2.9; 2017/18 -2.9. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the tot al quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing- year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in Ca lifornia. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NAS S monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.65 per cwt from 2008/09 -2013/14, with a high of $3.50 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. * Planted acr es reported in March 31, 2017, "Prospective Plantings." Harvested acres are estimated using the average harvested -to-planted ratios by rice class, 2012 -2016. Projected yield is based on linear trend analysis by rice class for the period 1997/98 to 2016/17. June 2017 WASDE - 566 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. May Jun Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 82.7 83.4 89.5 * 89.5 * Area Harvested 81.7 82.7 88.6 * 88.6 * Fil ler Bushels Yield per Harvested Acre 48.0 52.1 48.0 * 48.0 * Million Bushels Beginning Stocks 191 197 435 450 Production 3,926 4,307 4,255 4,255 Imports 24 25 25 25 Supply, Total 4,140 4,528 4,715 4,730 Crushings 1,886 1,910 1,950 1,950 Exports 1,936 2,050 2,150 2,150 Seed 97 104 101 101 Residual 25 14 34 34 Use, Total 3,944 4,078 4,235 4,235 Ending Stocks 197 450 480 495 Avg. Farm Price ($/bu) 2/ 8.95 9.55 8.30 - 10.30 8.30 - 10.30 Total SOYBEAN OIL 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. May June Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,855 1,687 2,062 1,987 Production 4/ 21,950 22,175 22,620 22,620 Imports 288 325 300 300 Supply, Total 24,093 24,187 24,982 24,907 Domestic Disappearance 20,166 19,900 20,450 20,450 Biodiesel 3/ 5,670 6,200 6,450 6,450 Food, Feed & other Industrial 14,496 13,700 14,000 14,000 Exports 2,240 2,300 2,300 2,300 Use, Total 22,406 22,200 22,750 22,750 Ending stocks 1,687 1,987 2,232 2,157 Avg. Price (c/lb) 2/ 29.86 31.75 30.00 - 34.00 30.00 - 34.00 Total SOYBEAN MEAL 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. May June Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 260 264 300 300 Production 4/ 44,672 44,836 46,300 46,300 Imports 403 350 300 300 Supply, Total 45,335 45,450 46,900 46,900 Domestic Disappearance 33,108 33,150 34,200 34,200 Exports 11,963 12,000 12,400 12,400 Use, Tota l 45,071 45,150 46,600 46,600 Ending Stocks 264 300 300 300 Avg. Price ($/s.t.) 2/ 324.56 315.00 295.00 - 335.00 295.00 - 335.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year begin ning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple av erage of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decat ur. 3/ Reflects only biodiesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 1,910 million bushels for 2016/17 and 1,950 million bushels for 2017/18. *Planted acres are reported in the March 31, 2017 Prospective Plantings. Harvested acres are based on the 5 -year average harvested to planted ratio. The projected yield is based on a weather -adjusted trend model and assumes normal weather. June 2017 WASDE - 566 - 16 U.S. Sugar Supply and Use 1/ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. May Jun Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,815 2,053 1,477 1,536 Production 2/ 8,989 8,832 8,700 8,738 Beet Sugar 5,119 4,988 4,950 4,988 Cane Sugar 3,870 3,844 3,750 3,750 Florida 2,173 2,051 2,000 2,000 Hawaii 152 43 0 0 Louisiana 1,428 1,612 1,600 1,600 Texas 116 138 150 150 Imports 3,341 3,130 3,858 3,332 TRQ 3/ 1,620 1,578 1,373 1,373 Other Program 4/ 396 375 175 175 Other 5/ 1,325 1,177 2,311 1,784 Mexico 1,309 1,162 2,301 1,774 Total Supply 14,145 14,016 14,036 13,606 Exports 74 125 25 25 Deliveries 12,051 12,355 12,477 12,477 Food 6/ 11,881 12,200 12,322 12,322 Other 7/ 170 155 155 155 Miscellaneous -33 0 0 0 Total Use 12,091 12,480 12,502 12,502 Ending Stocks 2,053 1,536 1,534 1,104 Stocks to Use Ratio 17.0 12.3 12.3 8.8 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2016/17 and 2017/18 are based on Crop Production and processor projections where appropriate. 3/ For 2017/18, WTO raw s ugar TRQ shortfall (99). For 2016/17, WTO raw sugar TRQ shortfall (99) 4/ Includes sugar under the re -export and polyhydric alcohol programs. 5/ For 2015/16, other high- tier (16) and other (0). For 2016/17, other high- tier (15) and other (0). For 2017/18 , other high- tier (10) and other (0). 6/For 2014/15, combines SMD deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar -containing products for reexport, and for nonedible alcohol, feed, and ethanol. Mexico Sugar S upply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2016/17 Est. May 1,037 6,186 75 4,851 1,105 1,342 2016/17 Est. Jun 1,037 5,985 75 4,851 1,145 1,101 2017/18 Proj. May 1,342 6,225 75 4,918 1,994 731 2017/18 Proj. Jun 1,101 6,100 75 4,918 1,544 815 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): Oct -Sep 2015/16 = 1,482, estimated Oct -Sep 2016/1 7 = 1,484; projected 2017/18 = 1,484; Oct - Apr 2015/16 = 816, Oct - Apr 2016/17 = 849. Footnote source: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), an d Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2015/16 (390 est), 2016/17 (390 est), 2017/18 (390 proj). Other Deliveries/Ending Year Statistical Adjustments: 2015/16 ( -10), 2016/17 (0), 2017/18 (0). June 2017 WASDE - 566 - 17 U.S. Cotton Supply and Use 1/ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. May Jun Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 8.58 10.07 12.23 * 12.23 * Harvested 8.07 9.51 11.38 * 11.38 * Fil ler Pounds Yield per Harvested Acre 766 867 810 * 810 * Million 480 Pound Bales Beginning Stocks 3.65 3.80 3.20 3.20 Production 12.89 17.17 19.20 19.20 Imports 0.03 0.01 0.01 0.01 Supply, Total 16.57 20.98 22.41 22.41 Domestic Use 3.45 3.30 3.40 3.40 Exports, Total 9.15 14.50 14.00 13.50 Use, Total 12.60 17.80 17.40 16.90 Unaccounted 2/ 0.17 -0.02 0.01 0.01 Ending Stocks 3.80 3.20 5.00 5.50 Avg. Farm Price 3/ 61.2 68.5 54.00 - 74.00 54.00 - 74.00 Total Note: Reliability ca lculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. *Planted area as reported in March 31, 2017 Prospective Plantings. Harvested area based on 10 -year average abandonment by region , with the Southwest adjusted to 10 percent to reflect favorable moisture conditions. Yield per harvested ac re based on 5 -year average yields by region. June 2017 WASDE - 566 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Endi ng Stocks World 3/ 217.61 736.98 169.98 136.51 712.02 172.80 242.57 United States 20.48 56.12 3.07 4.14 32.02 21.09 26.55 Total Foreign 197.13 680.87 166.91 132.37 680.00 151.70 216.02 Major Exporters 4/ 29.26 223.54 7.57 65.67 150.84 82.54 26.99 Argentina 4.80 11.30 0.01 0.20 5.90 9.60 0.62 Australia 4.67 24.17 0.15 3.80 7.23 16.12 5.64 Canada 7.09 27.59 0.49 2.67 7.86 22.13 5.18 European Union 5/ 12.70 160.48 6.92 59.00 129.85 34.69 15.56 Major Importers 6/ 113.12 205.47 92.36 27.86 264.90 6.43 139.61 Brazil 0.87 5.54 6.75 0.50 11.10 1.06 1.00 China 76.11 130.19 3.48 10.50 112.00 0.73 97.04 Sel. Mideast 7/ 13.65 19.91 19.19 4.85 37.97 0.55 14.22 N. Africa 8/ 13.21 19.98 27.80 2.28 43.67 0.70 16.63 Pakistan 3.71 25.10 0.02 0.80 24.40 0.60 3.83 Southeast Asia 9/ 3.82 0.00 24.61 8.04 22.37 0.97 5.09 Selected Other India 17.22 86.53 0.47 4.20 88.55 1.13 14.54 FSU-12 20.62 117.96 7.39 26.74 77.79 51.48 16.70 Russia 6.29 61.04 0.82 14.00 37.00 25.54 5.60 Kazakhstan 3.25 13.75 0.07 2.10 6.90 7.60 2.56 Ukraine 5.68 27.27 0.03 5.10 12.20 17.43 3.35 2016/17 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 242.57 754.10 175.85 147.26 740.25 180.33 256.43 United States 26.55 62.86 3.18 5.17 32.82 28.17 31.61 Total Foreign 216.02 691.24 172.67 142.09 707.42 152.16 224.82 Major Ex porters 4/ 26.99 229.17 6.14 66.10 152.56 82.20 27.54 Argentina 0.62 17.00 0.01 0.10 5.90 11.20 0.52 Australia 5.64 35.00 0.15 4.50 7.96 24.00 8.83 Canada 5.18 31.70 0.49 5.00 10.20 20.00 7.16 European Union 5/ 15.56 145.47 5.50 56.50 128.50 27.00 11.03 Major Importers 6/ 139.61 200.16 92.98 35.32 276.86 6.22 149.66 Brazil 1.00 6.73 7.00 0.80 11.90 0.70 2.13 China 97.04 128.85 4.20 16.50 118.50 0.80 110.79 Sel. Mideast 7/ 14.22 20.24 17.60 4.95 39.18 0.54 12.35 N. Africa 8/ 16.63 14.08 28.25 2.28 44.72 0.66 13.58 Pakistan 3.83 25.60 0.03 0.80 24.50 0.70 4.25 Southeast Asia 9/ 5.09 0.00 24.80 8.79 24.17 1.06 4.67 Selected Other India 14.54 87.00 5.90 4.70 97.50 0.40 9.54 FSU-12 16.70 130.24 7.54 28.05 79.22 53.18 22.09 Russia 5.60 72.53 0.50 17.00 40.00 27.50 11.13 Kazakhstan 2.56 14.99 0.09 2.10 6.90 6.80 3.93 Ukraine 3.35 26.80 0.04 3.60 10.30 17.80 2.08 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit , and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. June 2017 WASDE - 566 - 19 World Wheat Supp ly and Use 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ May 255.35 737.83 178.53 138.54 734.89 178.35 258.29 Jun 256.43 739.53 178.73 139.12 734.77 178.55 261.19 United States May 31.55 49.54 3.40 4.63 32.41 27.22 24.86 Jun 31.61 49.64 3.54 4.63 32.41 27.22 25.16 Total Foreign May 223.80 688.29 175.13 133.91 702.48 151.13 233.43 Jun 224.82 689.89 175.20 134.49 702.35 151.33 236.04 Major Exporters 4/ May 27.54 221.35 7.11 63.60 150.05 83.00 22.95 Jun 27.54 221.60 7.11 63.60 150.05 83.00 23.21 Argentina May 0.52 17.00 0.01 0.10 6.00 11.00 0.53 Jun 0.52 17.50 0.01 0.10 6.00 11.50 0.53 Australia May 8.83 25.00 0.15 4.50 8.00 19.00 6.98 Jun 8.83 25.00 0.15 4.50 8.00 19.00 6.98 Canada May 7.16 28.35 0.45 3.50 8.80 22.00 5.16 Jun 7.16 28.35 0.45 3.50 8.80 22.00 5.16 European Union 5/ May 11.03 151.00 6.50 55.50 127.25 31.00 10.28 Jun 11.03 150.75 6.50 55.50 127.25 30.50 10.53 Major Importers 6/ May 149.64 204.56 93.27 29.58 275.41 6.33 165.74 Jun 149.66 204.56 92.86 29.58 275.49 6.52 165.07 Brazil May 2.03 5.60 6.90 0.50 11.60 1.00 1.93 Jun 2.13 5.60 7.00 0.50 11.70 1.00 2.03 China May 110.79 131.00 3.00 13.00 116.00 0.80 127.99 Jun 110.79 131.00 3.00 13.00 116.00 0.80 127.99 Sel. Mideast 7/ May 12.41 19.49 19.24 4.92 39.99 0.54 10.61 Jun 12.35 19.49 18.73 4.92 39.98 0.74 9.85 N. Afr ica 8/ May 13.56 17.80 28.35 2.18 45.28 0.69 13.75 Jun 13.58 17.80 28.35 2.18 45.28 0.69 13.77 Pakistan May 4.25 26.20 0.03 0.90 25.40 0.60 4.48 Jun 4.25 26.20 0.03 0.90 25.40 0.60 4.48 Southeast Asia 9/ May 4.71 0.00 24.75 7.09 23.34 1.03 5.09 Jun 4.67 0.00 24.75 7.09 23.34 1.03 5.05 Selected Other India May 9.64 97.00 4.00 5.00 100.00 0.50 10.14 Jun 9.54 96.00 4.00 5.00 99.00 0.50 10.04 FSU-12 May 21.39 121.01 8.02 28.10 79.49 51.36 19.58 Jun 22.09 123.01 8.02 28.60 79.99 51.36 21.78 Russia May 10.63 67.00 0.50 16.50 39.50 29.00 9.63 Jun 11.13 69.00 0.50 17.00 40.00 29.00 11.63 Kazakhstan May 3.73 13.00 0.05 2.10 6.90 7.00 2.88 Jun 3.93 13.00 0.05 2.10 6.90 7.00 3.08 Ukraine May 2.08 25.00 0.03 3.90 10.60 14.50 2.01 Jun 2.08 25.00 0.03 3.90 10.60 14.50 2.01 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ Worl d imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, M exico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. June 2017 WASDE - 566 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 246.47 1,258.52 182.43 769.72 1,256.04 163.61 248.95 United States 46.95 367.01 3.93 135.80 312.70 57.07 48.11 Total Foreign 199.52 891.51 178.50 633.92 943.34 106.54 200.84 Major Exporters 4/ 20.12 153.80 7.92 84.13 113.32 51.62 16.90 Argentina 4.27 37.94 0.01 9.36 14.32 25.22 2.68 Australia 1.53 12.44 0.00 4.19 5.87 6.94 1.17 Brazil 8.24 69.13 3.97 50.89 60.24 14.03 7.07 Canada 3.33 25.62 1.55 13.91 21.24 4.60 4.67 Major Importers 5/ 49.22 246.22 124.01 272.02 353.80 15.71 49.93 European Union 6/ 18.89 152.65 14.24 117.09 157.26 13.11 15.40 Japan 1.77 0.18 17.06 13.29 17.26 0.00 1.75 Mexico 4.83 32.38 14.95 26.72 44.72 1.56 5.89 N. Afr & Mideast 7/ 14.53 32.88 32.79 56.12 64.47 0.11 15.61 Saudi Arabia 3.36 0.36 14.79 13.60 14.11 0.00 4.41 Southeast Asia 8/ 3.71 27.51 15.20 33.16 41.22 0.93 4.28 South Korea 1.89 0.19 10.19 7.83 10.32 0.00 1.95 Selected Other China 101.92 231.40 17.50 166.44 238.74 0.03 112.05 FSU-12 7.49 82.55 0.53 39.60 54.78 31.25 4.55 Russia 2.43 37.43 0.11 20.25 29.64 9.00 1.33 Ukraine 3.29 33.39 0.05 10.24 13.87 21.19 1.67 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 248.95 1,360.09 175.68 802.36 1,348.88 196.19 260.16 United States 48.11 402.60 3.39 146.13 329.41 62.39 62.30 Total Foreign 200.84 957.49 172.30 656.24 1,019.4 8 133.80 197.86 Major Exporters 4/ 16.90 206.76 2.46 89.03 120.75 80.39 24.98 Argentina 2.68 47.68 0.01 10.42 15.89 30.31 4.17 Australia 1.17 16.63 0.00 4.24 5.91 9.48 2.41 Brazil 7.07 99.85 1.10 53.31 63.79 34.03 10.20 Canada 4.67 25.63 1.09 14.57 22.05 4.35 4.99 Major Importers 5/ 49.93 241.68 124.79 279.52 361.72 9.55 45.13 European Union 6/ 15.40 151.96 13.68 119.35 159.87 7.68 13.49 Japan 1.75 0.17 16.87 13.19 17.18 0.00 1.62 Mexico 5.89 33.21 15.65 28.20 47.05 0.70 7.00 N. Afr & Mideast 7/ 15.61 26.28 35.68 56.80 64.64 0.15 12.79 Saudi Arabia 4.41 0.36 14.71 14.60 15.11 0.00 4.37 Southeast Asia 8/ 4.28 29.42 13.62 35.26 43.07 1.03 3.22 South Korea 1.95 0.20 9.89 7.64 10.11 0.00 1.93 Selected Other China 112.05 227.44 13.85 172.05 250.73 0.04 102.58 FSU-12 4.55 93.02 0.69 41.79 57.17 34.64 6.44 Russia 1.33 40.77 0.11 21.48 31.13 8.52 2.56 Ukraine 1.67 39.26 0.06 10.46 13.93 24.66 2.40 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjust ed to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and So uth Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indones ia, Malaysia, Philippines, Thailand, and Vietnam. June 2017 WASDE - 566 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ May 259.49 1,311.83 178.05 812.91 1,349.93 185.93 221.38 Jun 260.16 1,310.33 178.95 812.20 1,349.50 186.83 220.98 United States May 62.28 370.39 3.53 141.77 326.86 52.85 56.48 Jun 62.30 370.39 3.53 141.77 326.86 52.85 56.50 Total Foreign May 197.21 941.43 174.52 671.13 1,023.07 133.08 164.91 Jun 197.86 939.93 175.42 670.43 1,022.64 133.98 164.48 Major Exporters 4/ May 24.23 196.95 2.05 91.19 122.63 78.61 21.99 Jun 24.98 195.95 2.05 90.99 122.88 78.61 21.49 Argentina May 4.10 47.65 0.01 10.92 16.48 31.11 4.17 Jun 4.17 47.65 0.01 10.82 16.38 31.11 4.34 Australia May 2.41 11.88 0.00 4.34 6.02 7.23 1.05 Jun 2.41 11.88 0.00 4.34 6.02 7.23 1.05 Brazil May 9.70 97.60 0.85 54.30 64.25 34.02 9.89 Jun 10.20 97.60 0.85 54.30 64.75 34.02 9.89 Canada May 4.99 26.78 0.86 15.71 23.42 4.55 4.66 Jun 4.99 25.78 0.86 15.61 23.27 4.55 3.81 Major Importers 5/ May 45.13 245.42 129.40 285.73 368.55 11.33 40.07 Jun 45.13 244.42 130.30 285.73 368.35 11.33 40.17 European Union 6/ May 13.49 155.00 14.61 120.00 160.82 9.81 12.47 Jun 13.49 153.50 15.61 119.90 160.52 9.81 12.27 Japan May 1.62 0.17 16.72 13.06 17.05 0.00 1.46 Jun 1.62 0.17 16.72 13.06 17.05 0.00 1.46 Mexico May 7.00 31.83 16.20 29.22 48.19 0.70 6.14 Jun 7.00 31.83 16.20 29.22 48.19 0.70 6.14 N. Afr & Mideast 7/ May 12.79 28.12 37.38 58.67 66.67 0.10 11.52 Jun 12.79 28.62 37.28 58.77 66.77 0.10 11.82 Saudi Arabia May 4.37 0.36 14.51 15.55 16.11 0.00 3.13 Jun 4.37 0.36 14.51 15.55 16.11 0.00 3.13 Southeast Asia 8/ May 3.22 29.66 15.12 36.71 44.51 0.73 2.76 Jun 3.22 29.66 15.12 36.71 44.51 0.73 2.76 South Korea May 1.93 0.20 10.27 8.04 10.51 0.00 1.89 Jun 1.93 0.20 10.27 8.04 10.51 0.00 1.89 Selected Other China May 102.58 223.04 12.00 174.95 255.48 0.03 82.11 Jun 102.58 223.04 12.00 174.95 255.48 0.03 82.11 FSU-12 May 6.54 90.19 0.63 42.97 58.50 33.89 4.97 Jun 6.44 90.69 0.63 42.47 58.00 34.79 4.97 Russia May 2.66 41.15 0.11 22.90 32.65 9.16 2.10 Jun 2.56 41.15 0.11 22.50 32.25 9.56 2.00 Ukraine May 2.40 36.79 0.03 10.21 13.76 23.81 1.65 Jun 2.40 37.29 0.03 10.11 13.66 24.31 1.75 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mex ico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, a nd Vietnam. June 2017 WASDE - 566 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 209.41 968.29 140.39 603.20 965.25 119.93 212.45 United States 43.97 345.51 1.71 130.13 298.87 48.20 44.12 Total Foreign 165.44 622.79 138.68 473.07 666.39 71.73 168.32 Major Exporters 4/ 13.19 104.21 5.67 60.60 77.67 36.48 8.93 Argentina 2.90 29.00 0.01 5.90 9.20 21.64 1.06 Brazil 7.84 67.00 3.42 49.00 57.50 14.00 6.77 South Africa 2.45 8.21 2.24 5.70 10.97 0.84 1.10 Major Importers 5/ 23.17 118.31 81.72 144.90 196.44 4.44 22.30 Egypt 2.30 6.00 8.78 12.45 14.85 0.01 2.22 European Union 6/ 9.63 58.73 13.77 55.50 73.50 1.95 6.68 Japan 1.35 0.00 15.19 11.60 15.20 0.00 1.34 Mexico 4.09 25.97 14.01 20.30 37.30 1.56 5.21 Southeast Asia 7/ 3.70 27.46 15.19 33.10 41.15 0.93 4.27 South Korea 1.86 0.08 10.12 7.80 10.12 0.00 1.94 Selected Other 0.00 Canada 1.40 13.56 1.37 7.07 12.35 1.74 2.24 China 100.47 224.63 3.17 153.50 217.50 0.00 110.77 FSU-12 3.04 39.87 0.38 17.73 20.44 21.42 1.43 Ukraine 1.82 23.33 0.03 6.60 8.00 16.60 0.59 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 212.45 1,067.21 137.97 634.59 1,055.08 158.68 224.59 United States 44.12 384.78 1.40 139.71 315.48 56.52 58.30 Total Foreign 168.32 682.44 136.58 494.88 739.59 102.16 166.29 Major Exporters 4/ 8.93 153.40 0.56 64.40 83.60 63.70 15.58 Argentina 1.06 40.00 0.01 7.00 10.70 27.50 2.87 Brazil 6.77 97.00 0.50 51.00 60.50 34.00 9.77 South Africa 1.10 16.40 0.05 6.40 12.40 2.20 2.95 Major Importers 5/ 22.30 123.23 79.90 147.35 200.10 3.73 21.61 Egypt 2.22 6.00 9.00 12.70 15.10 0.01 2.11 European Union 6/ 6.68 60.71 13.10 53.90 72.50 2.00 5.99 Japan 1.34 0.00 15.00 11.50 15.10 0.00 1.24 Mexico 5.21 27.00 14.80 22.00 39.90 0.70 6.41 Southeast Asia 7/ 4.27 29.37 13.60 35.20 43.00 1.02 3.22 South Korea 1.94 0.08 9.80 7.60 9.90 0.00 1.91 Selected Other 0.00 Canada 2.24 13.20 1.00 7.50 12.92 1.10 2.42 China 110.77 219.55 3.00 162.00 232.00 0.02 101.31 FSU-12 1.43 47.43 0.40 19.21 21.99 24.66 2.61 Ukraine 0.59 28.00 0.05 7.00 8.40 19.00 1.24 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra- trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam . June 2017 WASDE - 566 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ May 223.90 1,033.66 144.79 650.86 1,062.30 151.91 195.27 Jun 224.59 1,031.86 145.79 650.36 1,062.12 152.91 194.33 United States May 58.30 357.27 1.27 137.80 315.61 47.63 53.60 Jun 58.30 357.27 1.27 137.80 315.61 47.63 53.60 Total Foreign May 165.60 676.40 143.52 513.06 746.69 104.29 141.67 Jun 166.29 674.60 144.52 512.56 746.51 105.29 140.73 Major Exporters 4/ May 14.89 147.50 0.41 65.30 84.00 64.20 14.59 Jun 15.58 147.50 0.41 65.30 84.50 64.20 14.79 Argentina May 2.86 40.00 0.01 7.50 11.30 28.50 3.06 Jun 2.87 40.00 0.01 7.50 11.30 28.50 3.07 Brazil May 9.27 95.00 0.30 52.00 61.00 34.00 9.57 Jun 9.77 95.00 0.30 52.00 61.50 34.00 9.57 South Africa May 2.76 12.50 0.10 5.80 11.70 1.70 1.96 Jun 2.95 12.50 0.10 5.80 11.70 1.70 2.15 Major Importers 5/ May 21.61 124.27 84.30 152.80 206.05 3.93 20.19 Jun 21.61 122.77 85.30 152.70 205.75 3.93 19.99 Egypt May 2.11 6.00 10.00 13.40 15.90 0.01 2.20 Jun 2.11 6.00 10.00 13.40 15.90 0.01 2.20 Europ ean Union 6/ May 5.99 63.50 14.00 56.10 75.00 2.50 5.99 Jun 5.99 62.00 15.00 56.00 74.70 2.50 5.79 Japan May 1.24 0.00 15.00 11.50 15.10 0.00 1.15 Jun 1.24 0.00 15.00 11.50 15.10 0.00 1.15 Mexico May 6.41 25.00 15.50 22.70 40.70 0.70 5.51 Jun 6.41 25.00 15.50 22.70 40.70 0.70 5.51 Southeast Asia 7/ May 3.22 29.61 15.10 36.65 44.45 0.72 2.76 Jun 3.22 29.61 15.10 36.65 44.45 0.72 2.76 South Korea May 1.91 0.08 10.20 8.00 10.30 0.00 1.89 Jun 1.91 0.08 10.20 8.00 10.30 0.00 1.89 Selected Other Canada May 2.42 15.20 0.80 8.50 14.10 1.50 2.82 Jun 2.42 14.40 0.80 8.50 14.10 1.50 2.02 China May 101.31 215.00 3.00 166.00 238.00 0.02 81.29 Jun 101.31 215.00 3.00 166.00 238.00 0.02 81.29 FSU-12 May 2.61 48.35 0.36 20.43 23.21 25.71 2.40 Jun 2.61 48.85 0.36 20.03 22.81 26.71 2.30 Ukraine May 1.24 28.00 0.03 7.00 8.40 20.00 0.86 Jun 1.24 28.50 0.03 6.90 8.30 20.50 0.96 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. June 2017 WASDE - 566 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 115.03 471.87 38.22 471.15 40.48 115.75 United States 1.55 6.13 0.77 3.57 3.40 1.48 Total Foreign 113.48 465.73 37.45 467.58 37.07 114.27 Major Exporters 4/ 31.54 154.59 0.61 128.07 29.50 29.18 India 17.80 104.41 0.00 93.57 10.24 18.40 Pakistan 1.21 6.80 0.01 2.80 4.30 0.92 Thailand 11.27 15.80 0.30 9.10 9.87 8.40 Vietnam 1.26 27.58 0.30 22.60 5.09 1.46 Major Importers 5/ 10.82 62.46 12.19 75.96 0.84 8.67 Brazil 0.64 7.21 0.86 7.90 0.55 0.26 European Union 6/ 1.15 2.05 1.80 3.55 0.27 1.18 Indonesia 4.11 36.20 1.00 37.80 0.00 3.51 Nigeria 0.99 2.71 2.10 5.20 0.00 0.60 Philippines 2.21 11.00 1.60 13.00 0.00 1.81 Sel. Mideast 7/ 1.23 1.89 3.25 5.58 0.00 0.80 Selected Other 0.00 Burma 0.55 12.16 0.03 10.75 1.30 0.69 C. Amer & Carib 8/ 0.46 1.62 1.91 3.43 0.03 0.53 China 57.44 145.77 4.80 144.00 0.27 63.74 Egypt 0.92 4.00 0.10 3.90 0.20 0.92 Japan 2.82 7.67 0.71 8.60 0.07 2.53 Mexico 0.17 0.16 0.69 0.89 0.00 0.13 South Korea 1.41 4.33 0.31 4.21 0.00 1.83 2016/17 Est. Beginning Sto c ks Production Imports Total /2 Dom estic Exports Ending Sto c ks World 3/ 115.75 483.10 38.58 479.62 42.03 119.22 United States 1.48 7.12 0.75 4.19 3.68 1.46 Total Foreign 114.27 475.98 37.84 475.43 38.34 117.76 Major Exporters 4/ 29.18 161.26 0.56 133.10 30.10 27.80 India 18.40 108.00 0.00 96.50 10.50 19.40 Pakistan 0.92 6.80 0.01 2.90 4.00 0.83 Thailand 8.40 18.60 0.25 11.00 10.00 6.25 Vietnam 1.46 27.86 0.30 22.70 5.60 1.32 Major Importers 5/ 8.67 64.87 11.25 75.80 1.10 7.89 Brazil 0.26 8.16 0.60 7.90 0.80 0.32 European Union 6/ 1.18 2.07 1.85 3.65 0.25 1.20 Indonesia 3.51 37.15 0.50 37.60 0.02 3.54 Nigeria 0.60 2.70 2.20 5.10 0.00 0.40 Philippines 1.81 11.50 1.00 12.90 0.00 1.41 Sel. Mideast 7/ 0.80 1.96 3.45 5.50 0.00 0.70 Selected Other 0.00 Burma 0.69 12.40 0.01 10.80 1.60 0.70 C. Amer & Carib 8/ 0.53 1.70 1.85 3.54 0.03 0.51 China 63.74 144.85 5.00 143.50 0.50 69.59 Egypt 0.92 4.80 0.15 4.20 0.10 1.57 Japan 2.53 7.78 0.69 8.55 0.08 2.37 Mexico 0.13 0.19 0.80 0.90 0.05 0.17 South Korea 1.83 4.20 0.41 4.70 0.00 1.74 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported d isappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East , and the EU -28. 6/ T rade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. June 2017 WASDE - 566 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ May 118.56 481.30 39.85 480.09 42.17 119.77 Jun 119.22 481.04 40.24 479.72 42.68 120.55 United States May 1.53 6.38 0.76 3.97 3.49 1.21 Jun 1.46 6.38 0.76 3.97 3.56 1.08 Total Foreign May 117.03 474.92 39.09 476.12 38.67 118.56 Jun 117.76 474.66 39.47 475.75 39.12 119.46 Major Exporters 4/ May 27.30 160.50 0.55 134.60 30.10 23.65 Jun 27.80 160.50 0.55 134.1 0 30.60 24.15 India May 18.90 106.00 0.00 97.50 10.00 17.40 Jun 19.40 106.00 0.00 97.00 10.50 17.90 Pakistan May 0.83 6.90 0.00 2.90 4.10 0.73 Jun 0.83 6.90 0.00 2.90 4.10 0.73 Thailand May 6.25 19.50 0.25 11.50 10.00 4.50 Jun 6.25 19.50 0.25 11.50 10.00 4.50 Vietnam May 1.32 28.10 0.30 22.70 6.00 1.02 Jun 1.32 28.10 0.30 22.70 6.00 1.02 Major Importers 5/ May 7.89 64.44 12.45 75.70 1.00 8.08 Jun 7.89 64.44 12.45 75.70 1.00 8.08 Brazil May 0.32 8.00 0.60 7.90 0.70 0.32 Jun 0.32 8.00 0.60 7.90 0.70 0.32 European Union 6/ May 1.20 2.08 1.90 3.75 0.25 1.18 Jun 1.20 2.08 1.90 3.75 0.25 1.18 Indonesia May 3.54 37.00 0.50 37.40 0.02 3.62 Jun 3.54 37.00 0.50 37.40 0.02 3.62 Nigeria May 0.40 2.77 2.20 4.90 0.00 0.47 Jun 0.40 2.77 2.20 4.90 0.00 0.47 Philippines May 1.41 11.20 1.80 12.90 0.00 1.51 Jun 1.41 11.20 1.80 12.90 0.00 1.51 Sel. Mideast 7/ May 0.70 1.96 3.60 5.60 0.00 0.66 Jun 0.70 1.96 3.60 5.60 0.00 0.66 Selected Other Burma May 0.70 12.30 0.01 10.85 1.70 0.46 Jun 0.70 12.30 0.01 10.85 1.70 0.46 C. Amer & Carib 8/ May 0.51 1.65 1.85 3.53 0.03 0.45 Jun 0.51 1.65 1.84 3.53 0.03 0.44 China May 69.59 145.00 4.80 143.00 0.70 75.69 Jun 69.59 145.00 4.80 143.00 0.70 75.69 Egypt May 1.57 4.00 0.05 4.25 0.20 1.17 Jun 1.57 4.00 0.05 4.25 0.20 1.17 Japan May 2.37 7.60 0.69 8.50 0.08 2.08 Jun 2.37 7.60 0.69 8.50 0.08 2.08 Mexic o May 0.22 0.20 0.80 0.91 0.00 0.30 Jun 0.17 0.20 0.80 0.91 0.00 0.25 South Korea May 1.74 3.90 0.41 4.65 0.00 1.39 Jun 1.74 3.90 0.41 4.65 0.00 1.39 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam . 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU -28. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. June 2017 WASDE - 566 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2015/16 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 111.74 96.79 35.19 111.22 35.30 0.04 97.17 United States 3.65 12.89 0.03 3.45 9.15 0.17 3.80 Total Foreign 108.09 83.90 35.16 107.77 26.14 -0.13 93.37 Major Exporters 4/ 30.32 47.08 1.77 31.65 23.03 -0.27 24.77 Central Asia 5/ 3.01 5.97 3/ 2.43 4.46 0.00 2.09 Afr. Fr. Zone 6/ 2.19 4.23 3/ 0.12 4.87 0.00 1.43 S. Hemis 7/ 11.35 9.97 0.25 4.11 7.69 -0.28 10.06 Australia 1.82 2.85 3/ 0.04 2.85 -0.15 1.93 Brazil 7.53 5.90 0.09 3.10 4.31 -0.15 6.26 India 13.49 26.40 1.07 24.25 5.76 0.00 10.94 Major Importers 8/ 75.90 34.00 31.10 71.95 2.07 0.14 66.84 Mexico 0.69 0.94 0.98 1.85 0.13 0.03 0.61 China 66.92 22.00 4.41 35.00 0.13 0.00 58.20 European Union 9/ 0.35 1.28 0.80 0.82 1.31 0.05 0.25 Turkey 1.60 2.65 4.22 6.65 0.23 0.00 1.58 Pakistan 2.89 7.00 3.30 10.30 0.25 0.03 2.62 Indonesia 0.60 0.01 2.94 3.00 0.02 0.00 0.53 Thailand 0.22 3/ 1.28 1.27 0.00 0.03 0.20 Bangladesh 1.33 0.12 6.20 6.10 0.00 0.01 1.54 Vietnam 0.68 3/ 4.50 4.40 0.00 0.00 0.78 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Use Exports Loss /2 Ending Sto c ks World 97.17 105.99 36.39 113.57 36.80 -0.17 89.34 United States 3.80 17.17 0.01 3.30 14.50 -0.02 3.20 Total Foreign 93.37 88.82 36.38 110.27 22.30 -0.15 86.14 Major Exporters 4/ 24.77 50.10 3.39 31.28 19.21 -0.26 28.04 Central Asia 5/ 2.09 5.85 3/ 2.55 2.98 0.00 2.42 Afr. Fr. Zone 6/ 1.43 4.96 3/ 0.12 4.57 0.01 1.69 S. Hemis 7/ 10.06 12.43 0.36 4.21 7.20 -0.29 11.73 Australia 1.93 4.40 3/ 0.04 3.80 -0.15 2.65 Brazil 6.26 6.80 0.20 3.20 2.85 -0.15 7.36 India 10.94 26.50 2.50 23.75 4.20 0.00 11.99 Major Importers 8/ 66.84 35.86 30.70 74.92 1.97 0.11 56.42 Mexico 0.61 0.76 1.00 1.75 0.13 0.03 0.47 China 58.20 22.75 5.00 37.50 0.05 0.00 48.40 European Union 9/ 0.25 1.31 0.72 0.74 1.31 0.03 0.21 Turkey 1.58 3.20 3.15 6.30 0.28 0.00 1.36 Pakistan 2.62 7.70 2.60 10.30 0.20 0.03 2.39 Indonesia 0.53 0.01 3.20 3.10 0.01 0.00 0.63 Thailand 0.20 3/ 1.20 1.18 0.00 0.03 0.20 Bangladesh 1.54 0.13 6.25 6.50 0.00 0.01 1.41 Vietnam 0.78 3/ 5.40 5.30 0.00 0.00 0.88 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addi tion to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. June 2017 WASDE - 566 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2017/ 18 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World May 89.52 113.22 37.63 115.75 37.63 -0.15 87.14 Jun 89.34 114.73 36.85 116.51 36.84 -0.15 87.71 United States May 3.20 19.20 0.01 3.40 14.00 0.01 5.00 Jun 3.20 19.20 0.01 3.40 13.50 0.01 5.50 Total Foreign May 86.32 94.02 37.62 112.35 23.63 -0.16 82.14 Jun 86.14 95.53 36.84 113.11 23.34 -0.16 82.21 filler filler filler filler filler filler filler Major Exporters 4/ May 27.84 52.86 2.48 31.74 20.48 -0.28 31.23 Jun 28.04 52.91 2.48 31.94 20.05 -0.28 31.72 Central Asia 5/ May 2.40 6.19 3/ 2.65 3.10 0.00 2.85 Jun 2.42 6.25 3/ 2.65 3.10 0.00 2.92 Afr. Fr. Zone 6/ May 1.56 5.16 3/ 0.12 4.62 0.00 1.98 Jun 1.69 5.16 3/ 0.12 4.64 0.00 2.09 S. Hemis 7/ May 11.66 13.00 0.25 4.31 7.97 -0.29 12.92 Jun 11.73 13.00 0.25 4.31 7.82 -0.29 13.14 Australia May 2.65 4.80 3/ 0.04 4.30 -0.15 3.26 Jun 2.65 4.80 3/ 0.04 4.25 -0.15 3.31 Brazil May 7.33 7.00 0.10 3.30 3.20 -0.15 8.08 Jun 7.36 7.00 0.10 3.30 3.10 -0.15 8.21 India May 11.99 28.00 1.75 24.00 4.50 0.00 13.24 Jun 11.99 28.00 1.75 24.20 4.20 0.00 13.34 filler filler filler filler filler filler filler Major Importers 8/ May 56.85 38.31 32.70 76.53 2.08 0.11 49.14 Jun 56.42 39.76 31.92 77.10 2.20 0.11 48.69 Mexico May 0.47 1.10 0.98 1.80 0.13 0.03 0.60 Jun 0.47 1.25 0.85 1.80 0.15 0.03 0.59 China May 48.70 23.50 5.00 37.50 0.05 0.00 39.65 Jun 48.40 24.00 5.00 38.00 0.05 0.00 39.35 European Union 9/ May 0.24 1.38 0.72 0.74 1.26 0.03 0.31 Jun 0.21 1.38 0.72 0.74 1.26 0.03 0.28 Turkey May 1.36 3.70 3.40 6.55 0.28 0.00 1.63 Jun 1.36 3.70 3.40 6.55 0.28 0.00 1.63 Pakistan May 2.49 8.50 2.60 10.40 0.35 0.03 2.82 Jun 2.39 9.30 2.00 10.60 0.45 0.03 2.62 Indonesia May 0.63 3/ 3.20 3.20 0.01 0.00 0.63 Jun 0.63 3/ 3.20 3.20 0.01 0.00 0.63 Thailand May 0.20 3/ 1.36 1.33 0.00 0.03 0.21 Jun 0.20 3/ 1.28 1.25 0.00 0.03 0.20 Bangladesh May 1.41 0.13 7.00 6.90 0.00 0.01 1.62 Jun 1.41 0.13 7.10 6.90 0.00 0.01 1.72 Vietnam May 0.88 3/ 6.20 5.90 0.00 0.00 1.19 Jun 0.88 3/ 6.20 5.90 0.00 0.00 1.19 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Beni n, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions listed, include s Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. June 2017 WASDE - 566 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Crus h Domestic Total Exports Ending Stocks World 2/ 77.37 312.85 133.41 275.31 314.29 132.22 77.13 United States 5.19 106.86 0.64 51.34 54.64 52.69 5.35 Total Foreign 72.18 206.00 132.77 223.97 259.65 79.53 71.78 Major Exporters 3/ 50.68 164.71 1.12 86.76 94.62 71.71 50.17 Argentina 31.70 56.80 0.68 43.27 47.56 9.92 31.70 Brazil 18.93 96.50 0.41 39.75 43.25 54.38 18.20 Paraguay 0.02 9.20 0.01 3.60 3.64 5.31 0.27 Major Importers 4/ 18.68 15.47 113.38 106.89 127.92 0.32 19.28 China 17.01 11.79 83.23 81.30 95.00 0.11 16.91 European Union 0.68 2.32 15.01 15.20 16.83 0.14 1.03 Japan 0.21 0.24 3.19 2.28 3.38 0.00 0.26 Mexico 0.07 0.33 4.13 4.40 4.43 0.00 0.10 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ 77.13 351.31 140.60 290.57 331.23 144.61 93.21 United States 5.35 117.21 0.68 51.98 55.19 55.79 12.26 Total Foreign 71.78 234.10 139.92 238.59 276.04 88.81 80.95 Major Exporters 3/ 50.17 185.50 1.52 90.60 98.71 80.27 58.21 Argentina 31.70 57.80 1.20 45.00 49.45 8.50 32.75 Brazil 18.20 114.00 0.30 41.50 45.10 62.40 25.00 Paraguay 0.27 10.30 0.01 3.90 3.94 6.30 0.34 Major Importers 4/ 19.28 16.84 118.89 112.68 134.93 0.38 19.71 China 16.91 12.90 89.00 86.50 101.10 0.15 17.56 European Union 1.03 2.42 14.60 15.20 16.84 0.20 1.02 Japan 0.26 0.24 3.20 2.30 3.46 0.00 0.24 Mexico 0.10 0.51 4.20 4.65 4.69 0.00 0.12 2017/18 Proj. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ May 90.14 344.68 147.76 301.53 344.21 149.56 88.81 Jun 93.21 344.67 147.61 301.53 344.21 149.06 92.22 United States May 11.85 115.80 0.68 53.07 56.75 58.51 13.08 Jun 12.26 115.80 0.68 53.07 56.75 58.51 13.48 Total Foreign May 78.29 228.87 147.08 248.46 287.47 91.05 75.73 Jun 80.95 228.87 146.93 248.46 287.47 90.55 78.74 Major Exporters 3/ May 55.31 176.40 1.62 91.65 99.92 80.85 52.56 Jun 58.21 176.40 1.47 91.65 99.92 80.35 55.81 Argentina May 31.65 57.00 1.20 45.50 50.00 9.00 30.85 Jun 32.75 57.00 1.20 45.50 50.00 8.50 32.45 Brazil May 23.20 107.00 0.40 42.00 45.70 63.50 21.40 Jun 25.00 107.00 0.25 42.00 45.70 63.50 23.05 Paraguay May 0.34 9.40 0.01 3.95 4.00 5.50 0.24 Jun 0.34 9.40 0.01 3.95 4.00 5.50 0.24 Major Importers 4/ May 19.71 17.69 124.37 118.62 141.83 0.38 19.56 Jun 19.71 17.69 124.37 118.62 141.83 0.38 19.56 China May 17.56 13.80 93.00 91.50 106.80 0.15 17.41 Jun 17.56 13.80 93.00 91.50 106.80 0.15 17.41 European Union May 1.02 2.45 15.00 15.60 17.24 0.20 1.03 Jun 1.02 2.45 15.00 15.60 17.24 0.20 1.03 Japan May 0.24 0.26 3.30 2.35 3.51 0.00 0.29 Jun 0.24 0.26 3.30 2.35 3.51 0.00 0.29 Mexico May 0.12 0.42 4.30 4.72 4.76 0.00 0.09 Jun 0.12 0.42 4.30 4.72 4.76 0.00 0.09 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports . Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). June 2017 WASDE - 566 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Ton s) 2015/16 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.52 215.97 62.00 213.92 65.37 12.20 United States 0.24 40.53 0.37 30.04 10.85 0.24 Total Foreign 13.28 175.44 61.63 183.89 54.51 11.96 Major Expor ters 3/ 8.39 68.52 0.07 23.48 46.14 7.36 Argentina 4.03 33.21 0.00 2.68 30.33 4.23 Brazil 3.81 30.75 0.03 16.17 15.41 3.01 India 0.55 4.56 0.05 4.63 0.41 0.12 Major Importers 4/ 2.12 16.60 36.56 52.96 0.51 1.81 European Union 0.63 12.01 19.21 31.09 0.30 0.46 Southeast Asia 5/ 1.43 2.87 15.63 18.42 0.21 1.31 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 12.20 227.73 63.48 223.13 67.01 13.27 United States 0.24 40.68 0.32 30.07 10.89 0.27 Total Foreign 11.96 187.05 63.16 193.05 56.12 13.00 Major Exporters 3/ 7.36 73.84 0.03 24.64 48.15 8.44 Argentina 4.23 34.60 0.00 2.84 31.75 4.24 Brazil 3.01 32.12 0.02 16.65 15.00 3.50 India 0.12 7.12 0.01 5.15 1.40 0.70 Major Importers 4/ 1.81 16.87 37.98 54.21 0.54 1.91 European Union 0.46 12.01 19.50 31.34 0.30 0.32 Southeast Asia 5/ 1.31 3.12 16.68 19.32 0.24 1.55 2017/18 Proj. Beginning St o c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ May 12.99 236.92 65.42 233.89 69.13 12.31 Jun 13.27 236.92 65.42 233.97 69.13 12.51 United States May 0.27 42.00 0.27 31.03 11.25 0.27 Jun 0.27 42.00 0.27 31.03 11.25 0.27 Total Foreign May 12.72 194.92 65.15 202.87 57.88 12.04 Jun 13.00 194.92 65.15 202.94 57.88 12.24 Major Exporters 3/ May 8.19 75.02 0.03 26.11 49.53 7.60 Jun 8.44 75.02 0.03 26.11 49.53 7.85 Argentina May 4.24 35.00 0.00 3.06 32.33 3.86 Jun 4.24 35.00 0.00 3.06 32.33 3.86 Brazil May 3.30 32.50 0.02 17.25 15.50 3.07 Jun 3.50 32.50 0.02 17.25 15.50 3.27 India May 0.65 7.52 0.01 5.80 1.70 0.67 Jun 0.70 7.52 0.01 5.80 1.70 0.72 Major Importers 4/ May 1.91 17.50 38.73 55.72 0.53 1.89 Jun 1.91 17.50 38.73 55.72 0.53 1.89 European Union May 0.32 12.32 19.60 31.69 0.30 0.25 Jun 0.32 12.32 19.60 31.69 0.30 0.25 Southeast Asia 5/ May 1.55 3.41 17.25 20.38 0.23 1.59 Jun 1.55 3.41 17.25 20.38 0.23 1.59 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. June 2017 WASDE - 566 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 4.20 51.57 11.63 52.17 11.69 3.54 United States 0.84 9.96 0.13 9.15 1.02 0.77 Total Foreign 3.36 41.61 11.50 43.03 10.67 2.77 Major Exporters 3/ 0.96 18.95 0.39 11.43 8.16 0.71 Argentina 0.37 8.43 0.00 2.83 5.70 0.27 Brazil 0.38 7.63 0.07 6.29 1.55 0.24 European Union 0.21 2.89 0.33 2.31 0.92 0.21 Major Importers 4/ 1.53 15.92 6.85 22.94 0.16 1.20 China 0.78 14.57 0.59 15.30 0.10 0.54 India 0.52 1.03 4.27 5.30 0.00 0.51 North Africa 5/ 0.23 0.33 2.00 2.34 0.06 0.16 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 3.54 54.27 11.12 53.64 11.65 3.63 United States 0.77 10.06 0.15 9.03 1.04 0.90 Total Foreign 2.77 44.21 10.97 44.62 10.61 2.73 Major Exporters 3/ 0.71 19.56 0.33 11.89 7.90 0.82 Argen tina 0.27 8.71 0.00 3.02 5.60 0.36 Brazil 0.24 7.96 0.06 6.56 1.40 0.30 European Union 0.21 2.89 0.27 2.31 0.90 0.16 Major Importers 4/ 1.20 17.66 6.05 23.61 0.19 1.11 China 0.54 15.50 0.62 16.00 0.11 0.55 India 0.51 1.60 3.70 5.40 0.00 0.41 North Africa 5/ 0.16 0.56 1.73 2.21 0.08 0.15 2017/18 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ May 3.69 56.20 11.63 55.85 12.01 3.66 Jun 3.63 56.20 11.63 55.90 12.01 3.55 United States May 0.94 10.26 0.14 9.28 1.04 1.01 Jun 0.90 10.26 0.14 9.28 1.04 0.98 Total Foreign May 2.75 45.94 11.49 46.57 10.96 2.65 Jun 2.73 45.94 11.49 46.62 10.96 2.58 Major Exporters 3/ May 0.80 19.78 0.31 11.98 8.18 0.74 Jun 0.82 19.78 0.31 11.98 8.18 0.76 Argentina May 0.36 8.76 0.00 3.01 5.80 0.32 Jun 0.36 8.76 0.00 3.01 5.80 0.32 Brazil May 0.28 8.06 0.06 6.67 1.48 0.26 Jun 0.30 8.06 0.06 6.67 1.48 0.28 European Union May 0.16 2.96 0.25 2.31 0.90 0.16 Jun 0.16 2.96 0.25 2.31 0.90 0.16 Major Importers 4/ May 1.12 18.76 6.43 25.04 0.19 1.08 Jun 1.11 18.76 6.43 25.04 0.19 1.07 China May 0.55 16.40 0.55 16.85 0.10 0.55 Jun 0.55 16.40 0.55 16.85 0.10 0.55 India May 0.43 1.69 4.10 5.80 0.00 0.42 Jun 0.41 1.69 4.10 5.80 0.00 0.40 North Africa 5/ May 0.15 0.67 1.78 2.39 0.09 0.12 Jun 0.15 0.67 1.78 2.39 0.09 0.12 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. June 2017 WASDE - 566 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2016 II 6,187 5,963 12,207 10,253 1,520 11,911 24,118 2,111 54.3 III 6,472 6,100 12,626 10,338 1,515 11,997 24,623 2,161 52.6 IV 6,625 6,648 13,329 10,065 1,511 11,708 25,037 2,220 52.5 Annual 25,221 24,941 50,388 40,695 5,981 47,225 97,612 8,565 212.4 2017 I 6,300 6,409 12,764 10,233 1,487 11,848 24,612 2,174 53.6 II* 6,355 6,155 12,563 10,375 1,515 12,025 24,588 2,170 55.4 III* 6,770 6,350 13,175 10,500 1,515 12,157 25,332 2,180 53.9 IV* 6,800 6,980 13,838 10,350 1,575 12,065 25,903 2,225 53.8 Annual May Proj. 26,310 26,054 52,586 41,482 6,122 48,149 100,735 8,734 216.9 Jun Proj. 26,225 25,894 52,340 41,458 6,092 48,095 100,435 8,749 216.7 2018 I* 6,545 6,590 13,187 10,400 1,510 12,045 25,232 2,205 54.7 Annual May Proj. 26,910 26,910 54,038 42,275 6,255 49,080 103,118 8,890 222.0 Jun Proj. 27,110 26,910 54,238 42,275 6,255 49,080 103,318 8,890 221.7 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2016 II 127.68 53.71 93.0 116.5 67.9 14.77 III 113.26 49.26 81.7 120.7 71.6 16.83 IV 107.69 37.02 78.0 116.6 81.7 17.67 Annual 120.86 46.16 84.3 117.1 85.7 16.24 2017 I 122.96 49.73 88.5 100.4 80.0 18.23 II* 132-135 50-51 104-107 99-100 73-74 16.65 -16.85 III* 118-124 47-49 88-92 100-106 81-85 17.75 -18.25 IV* 113-123 37-41 84-90 107-115 99-107 18.55 -19.35 Annual May Proj. 120-125 44-46 87-91 102-106 83-87 17.35 -17.85 Jun Proj. 122-126 46-48 91-94 102-105 83-86 17.80 -18.20 2018 I* 115-125 45-49 86-94 96-104 84-90 18.20 -19.20 Annual May Proj. 113-123 42-46 85-92 104-112 87-94 17.55 -18.55 Jun Proj. 113-123 43-46 85-92 102-111 87-94 18.10 -19.10 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighte d Average. 5/ 8 -16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. June 2017 WASDE - 566 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2016 683 25,288 3,016 28,987 2,550 757 25,680 55.6 2017 Proj. May 757 26,377 2,759 29,893 2,806 650 26,437 56.7 Jun 757 26,292 2,759 29,808 2,806 650 26,352 56.5 2018 Proj. May 650 26,977 2,825 30,452 2,835 600 27,017 57.5 Jun 650 27,177 2,825 30,652 2,835 600 27,217 58.0 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2016 590 24,957 1,092 26,638 5,233 507 20,898 50.1 2017 Proj. May 507 26,070 1,039 27,616 5,747 635 21,234 50.5 Jun 507 25,910 1,064 27,481 5,747 635 21,099 50.2 2018 Proj. May 635 26,926 935 28,496 5,965 785 21,746 51.3 Jun 635 26,926 935 28,496 5,965 785 21,746 51.3 Fil ler Fil ler Fil ler Fil ler Filler Fil ler Fil ler Fil ler Total Red Meat 5/ 2016 1,320 50,481 4,324 56,125 7,788 1,304 47,032 107.0 2017 Proj. May 1,304 52,679 4,033 58,016 8,560 1,325 48,131 108.4 Jun 1,304 52,433 4,058 57,795 8,560 1,325 47,910 107.9 2018 Proj. May 1,325 54,131 4,002 59,458 8,808 1,425 49,225 110.1 Jun 1,325 54,331 4,002 59,658 8,808 1,425 49,425 110.6 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2016 832 40,260 131 41,223 6,647 778 33,798 89.8 2017 Proj. May 778 41,038 137 41,953 6,976 745 34,232 90.1 Jun 778 41,014 132 41,924 6,976 745 34,203 90.0 2018 Proj. May 745 41,823 130 42,698 7,030 750 34,918 91.3 Jun 745 41,823 130 42,698 7,030 750 34,918 91.3 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2016 201 5,981 50 6,232 568 279 5,386 16.7 2017 Proj. May 279 6,122 37 6,438 623 300 5,515 16.9 Jun 279 6,092 37 6,408 603 300 5,505 16.9 2018 Proj. May 300 6,255 40 6,595 650 300 5,645 17.2 Jun 300 6,255 40 6,595 650 300 5,645 17.2 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2016 1,041 46,789 184 48,014 7,369 1,065 39,581 107.7 2017 Proj. May 1,065 47,705 177 48,947 7,738 1,053 40,156 108.3 Jun 1,065 47,651 172 48,888 7,718 1,053 40,117 108.2 2018 Proj. May 1,053 48,627 174 49,854 7,825 1,058 40,971 109.7 Jun 1,053 48,627 174 49,854 7,825 1,058 40,971 109.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2016 2,361 97,269 4,508 104,139 15,157 2,369 86,613 214.6 2017 Proj. May 2,369 100,384 4,210 106,963 16,298 2,378 88,286 216.7 Jun 2,369 100,084 4,230 106,683 16,278 2,378 88,026 216.1 2018 Proj. May 2,378 102,758 4,176 109,312 16,633 2,483 90,196 219.8 Jun 2,378 102,958 4,176 109,512 16,633 2,483 90,396 220.3 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Popu lation source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready -to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. June 2017 WASDE - 566 - 33 U.S. Eg g Supply and Use Commodity 2015 2016 2017 Proj. 2017 Proj. 2018 Proj. 2018 Proj. May Jun May Jun Eggs Million Dozen Supply Beginning Stocks 23.3 31.1 27.1 27.1 27.0 27.0 Production 8,053.0 8,565.0 8,734.0 8,749.0 8,890.0 8,890.0 Imports 123.5 122.1 56.2 53.2 40.0 40.0 Total Supply 8,199.8 8,718.2 8,817.3 8,829.3 8,957.0 8,957.0 Use Exports 313.6 279.2 302.8 302.8 320.0 320.0 Hatching Use 995.6 1,009.6 1,019.7 1,024.8 1,030.0 1,030.0 Ending Stocks 31.1 27.1 27.0 27.0 27.0 27.0 Disappearance Total 6,859.4 7,402.3 7,467.8 7,474.7 7,580.0 7,580.0 Per Capita (number) 256.3 274.7 274.6 274.9 276.8 276.8 Total U.S. Milk Supply and Use Commodity 2015 2016 2017 Proj. 2017 Proj. 2018 Proj. 2018 Proj. May Jun May Jun Milk Billion Pounds Production 208.6 212.4 216.9 216.7 222.0 221.7 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 10.5 12.3 12.8 12.7 13.2 12.9 Marketings 207.6 211.4 215.9 215.7 221.0 220.7 Imports 5.7 7.0 5.9 6.0 6.1 5.9 Total Cml. Supply 223.8 230.8 234.6 234.4 240.2 239.5 Fat Basis Use Commercial Exports 8.5 8.9 8.5 8.4 8.7 8.6 Ending Commercial Stocks 12.3 12.7 13.2 12.9 12.4 12.0 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 203.0 209.2 213.0 213.1 219.2 218.9 Skim -solid Basis Supply Beg. Commercial Stocks 9.4 9.2 9.5 9.5 10.0 9.9 Marketings 207.6 211.4 215.9 215.7 221.0 220.7 Imports 6.0 6.5 6.5 6.5 6.4 6.4 Total Cml. Supply 223.0 227.1 231.9 231.7 237.4 236.9 Skim -solid Basis Use Commercial Exports 37.3 38.9 40.5 40.8 41.1 41.3 Ending Commercial Stocks 9.2 9.5 10.0 9.9 9.4 9.3 CCC Donat ions 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 176.6 178.7 181.4 181.0 187.0 186.3 Total Note: Totals may not add due to rounding. June 2017 WASDE - 566 - 34 U.S. Dairy Prices Commodity 2015 2016 2017 Proj. 2017 Proj. 2018 Proj. 2018 Proj. May Jun May Jun Product Prices 1/ Dollars Per Pound Cheese 1.6454 1.6050 1.600 - 1.650 1.620 - 1.660 1.640 - 1.740 1.665 - 1.765 Butter 2.0670 2.0777 2.115 - 2.195 2.280 - 2.350 2.045 - 2.175 2.210 - 2.340 Nonfat Dry Milk 0.9016 0.8292 0.875 - 0.915 0.895 - 0.935 0.915 - 0.985 0.935 - 1.005 Dry Whey 0.3804 0.2875 0.490 - 0.520 0.490 - 0.510 0.475 - 0.505 0.480 - 0.510 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 15.80 14.87 16.10 - 16.60 16.35 - 16.75 16.40 - 17.40 16.75 - 17.75 Class IV 14.35 13.77 14.35 - 14.95 15.25 - 15.75 14.40 - 15.50 15.25 - 16.35 All Milk 3/ 17.12 16.24 17.35 - 17.85 17.80 - 18.20 17.55 - 18.55 18.10 - 19.10 1/ Simple average of monthly prices calculated by AMS from we ekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . June 2017 WASDE - 566 - 35 Reliability of June Projections 1/ Note: Tables on pages 35 -37 present a record of the June projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or belo w the final estimate by more than 3.1 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 5.3 percent. The average difference between the June p rojection and the final estimate is 16.4 million tons, ranging from 0.4 million to 32.2 million tons. The June projection has been below the estimate 23 times and above 13 times . Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 3.1 5.3 16.4 0.4 32.2 23 13 U.S. 5.9 10.1 2.8 0.0 8.4 21 15 Foreign 3.3 5.6 15.1 1.1 31.9 22 13 Exports World 6.3 10.6 6.3 0.0 19.2 25 10 U.S. 12.4 21.0 3.0 0.1 10.2 21 15 Foreign 6.8 11.5 5.5 0.6 19.8 27 8 Domestic Use World 2.2 3.8 10.2 0.5 27.5 22 14 U.S. 7.2 12.1 1.8 0.0 6.4 18 18 Foreign 2.2 3.8 10.0 0.6 28.6 23 12 Ending Stocks World 10.7 18.1 13.0 1.7 40.5 23 13 U.S. 19.0 32.3 3.4 0.1 14.9 21 15 Foreign 10.9 18.5 11.0 0.8 36.1 22 13 COARSE GRAINS 2/ Production World 3.7 6.3 26.9 0.6 103.3 19 17 U.S. 14.1 24.0 20.6 1.0 103.8 18 18 Foreign 2.8 4.8 14.6 0.4 41.6 18 17 Exports World 8.0 13.5 8.0 0.3 24.0 25 11 U.S. 29.9 50.7 8.4 0.1 30.8 15 21 Foreign 14.3 24.2 7.1 0.5 19.2 23 12 Domestic Use World 2.0 3.4 15.0 0.7 66.7 16 20 U.S. 5.8 9.9 7.9 0.1 37.0 23 13 Foreign 2.0 3.4 11.4 0.1 34.7 17 18 Ending Stocks World 20.3 34.4 22.6 3.4 69.9 24 12 U.S. 52.2 88.5 16.5 0.5 57.6 19 17 Foreign 16.1 27.3 12.7 0.1 41.6 26 9 RICE, milled Production World 2.5 4.2 7.1 0.3 21.8 23 13 U.S. 7.0 11.9 0.3 0.0 1.1 20 16 Foreign 2.5 4.2 7.0 0.4 21.9 22 13 Exports World 9.7 16.4 1.6 0.1 7.5 26 10 U.S. 11.4 19.3 0.2 0.0 1.0 19 14 Foreign 10.6 18.0 1.5 0.1 7.1 26 9 Domestic Use World 1.9 3.3 5.0 0.0 20.3 23 13 U.S. 8.7 14.8 0.2 0.0 0.5 15 21 Foreign 2.0 3.4 5.0 0.0 20.8 24 11 Ending Stocks World 14.7 25.0 6.4 0.2 15.7 25 11 U.S. 32.6 55.3 0.3 0.0 0.9 19 15 Foreign 16.0 27.2 6.5 0.4 15.3 25 10 1/ Footnotes at end of table. CONTINUED June 2017 WASDE - 566 - 36 Reliability of June Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World NA NA 11.9 1.5 27.9 5 8 U.S. 9.1 15.4 4.6 0.0 13.8 18 18 Foreign NA NA 9.4 1.2 23.9 6 6 Exports World NA NA 5.3 0.5 10.4 7 6 U.S. 15.3 26.0 3.0 0.3 6.4 21 15 Foreign NA NA 3.9 0.4 11.4 7 5 Domestic Use World NA NA 6.9 0.3 17.0 6 7 U.S. 6.4 10.9 2.0 0.1 7.2 22 14 Foreign NA NA 5.8 0.4 11.4 6 6 Ending Stocks World NA NA 7.5 0.2 23.8 7 6 U.S. 57.6 97.7 2.8 0.4 8.4 11 25 Foreign NA NA 7.3 0.7 19.1 7 5 COTTON Million 480 -Pound Bales Production World 6.2 10.5 4.1 0.0 16.4 21 14 U.S. 10.5 17.8 1.5 0.1 5.7 18 18 Foreign 6.3 10.7 3.4 0.2 12.4 21 14 Exports World 10.6 18.0 2.3 0.1 12.4 20 16 U.S. 30.4 51.6 1.5 0.1 4.0 22 14 Foreign 13.6 23.1 1.8 0.1 9.9 18 17 Domestic Use World 4.6 7.8 3.1 0.1 17.1 14 22 U.S. 9.6 16.4 0.5 0.0 1.4 17 18 Foreign 4.8 8.1 3.0 0.0 16.3 17 18 Ending Stocks World 17.6 29.9 6.4 0.9 18.6 24 12 U.S. 42.3 71.8 1.5 0.1 4.6 18 18 Foreign 16.8 28.6 5.4 0.3 17.7 25 10 1/ Marketing years 1981/82 through 2016/17 for grains, soybeans (U.S. only), and cotton. Marketing years 2009/10 through 2016/17 for global and foreign soybeans. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2015/16, and for 2016/17 the last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. June 2017 WASDE - 566 - 37 Reliability of United States June Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 16.8 28.4 808 8 4,010 18 18 Exports 31.4 53.3 304 38 1,150 16 20 Domestic Use 13.9 23.5 467 0 5,888 22 13 Ending Stocks 62.6 106.2 596 32 2,091 19 17 SORGHUM Production 20.7 35.0 90 0 228 16 19 Exports 33.8 57.4 45 0 190 16 19 Domestic Use 24.9 42.2 54 0 140 16 19 Ending Stocks 69.2 117.5 48 2 191 13 23 BARLEY Production 14.5 24.6 28 1 206 14 22 Exports 78.9 133.9 15 0 92 18 15 Domestic Use 11.8 20.0 31 0 95 17 18 Ending Stocks 22.0 37.4 22 1 79 16 20 OATS Production 24.0 40.7 31 1 231 8 28 Exports 115.1 195.3 1 0 8 9 12 Domestic Use 11.0 18.6 21 0 160 13 21 Ending Stocks 29.0 49.2 17 0 77 11 23 SOYBEAN MEAL Thousand Short Tons Production 5.8 9.9 1,335 57 4,919 22 14 Exports 18.1 30.8 1,012 50 2,650 23 13 Domestic Use 4.8 8.2 929 24 4,650 18 18 Ending Stocks 46.0 78.0 53 0 488 12 14 SOYBEAN OIL Million Pounds Production 5.5 9.3 660 18 2,330 26 10 Exports 34.1 57.9 464 25 1,700 20 16 Domestic Use 4.1 7.0 429 0 2,100 21 14 Ending S tocks 38.7 65.6 466 0 1,432 19 16 ANIMAL PROD. 3/ Million Pounds Beef 4.0 6.9 774 41 2,727 17 6 Pork 3.4 5.8 536 61 1,722 16 7 Broilers 2.5 4.2 695 87 1,465 9 14 Turkeys 3.9 6.7 159 2 478 12 11 Million Dozen Eggs 1.5 2.6 91 2 259 16 7 Billion Pounds Milk 1.6 2.8 2.1 0.0 7.0 11 9 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2016/17 for grains, soybeans, and cotton. Final for grains, soybeans, a nd cotton is defined as the first November estimate following the marketing year for 1981/82 through 2015/16, and for 2016/17 the last month’s estimate. Calendar years 1994 through 2016 for meats, eggs, and milk. Final for animal products is defined as th e latest annual production estimate published by NASS for 1994 -2016. WASDE -566-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and De mand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton E quivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 . WASDE Notification System Subsc ribers are notified through GovDelivery when the monthly World Agricultural Supply and Demand Estimates (WASDE) report is available. Previous WASDE reports are available at http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1194 For questions contact: Susan Carter at 202- 720-5447 or [email protected] World Agricultural Supply and Demand Estima tes WASDE -566 – June 9, 2017 WASDE Briefing Slides : The briefing slides which accompany today’s WASDE report will be available at http://www.usda.gov/oce/commodity/wasde/ Electronic Subscripti ons: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e -mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu. Select the “Reports by E -Mail” bar to sign up. 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January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 627 Approved by the World Agricultural Outlook Board August 12, 2022 WHEAT: The outlook for 2022/23 U.S. wheat this month is for increased supplies, higher domestic use and exports, and reduced stocks. Supplies are raised on higher production with all wheat production forecast at 1,783 million bushels, up 2 million from last month. Reductions in winter wheat and Durum are more than offset by an increase in Other Spring Wheat. The all wheat yield is 47.5 bushels per acre, up 0.2 bushels from last month. Food use is raised 6 million bushels to 970 million, based primarily on the NASS Flour Milling Products report, issued August 1. The report indicated record wheat flour millings in the April -June quarter, which resulted in raising 2021/22 food use to a record 972 million bushels. Wheat exports for 2022/23 are increased 25 million bushels to 825 million with most of the upward adjustment for Soft Red Winter and White, based on competitive export prices. Projected 2022/23 ending stocks are lowered 29 million bushels to 610 million. The projected 2022/23 season- average farm price (SAFP) is reduced $1.25 per bushel to $9.25. This is based on prices received for marketings to date, which are lower than previously expected. However, the SAFP is still projected at a record, surpassing $7.77 per bushel in 2012/13. The global wheat outlook for 2022/23 is for higher supplies, greater consumption, increased trade, and fractionally lower stocks. Supplies are raised by 4.2 million tons to 1,055.9 million as higher production more than offsets reduced beginning stocks. Production is inc reased to a record 779.6 million tons, primarily on higher production for Russia, Australia, and China. Russia’s production is raised 6.5 million tons to a record 88.0 million on both higher harvested area and yield. Harvested area increased for both winter and spring wheat on updated area data from Rosstat, Russia’s statistical agency. Winter wheat yields are raised on harvest results while spring wheat yields increased on generally favorable conditions to date. Australia’s production is raised 3.0 mil lion tons to 33.0 million as increasingly favorable weather conditions indicate higher yield prospects. China’s production is increased 3.0 million tons to 138.0 million tons on the National Bureau of S tatistics summer grain report, primarily on higher harvested area. Partially offsetting these increases are reductions for India and the EU. India’s production is lowered 3.0 million tons to 103.0 million, primarily on reduced harvested area. EU production is reduced 2.0 million tons to 132.1 million, mostly on reductions for Hungary, Spain, and Romania. Projected 2022/23 world consumption is raised 4.4 million tons to 788.6 million, led by higher feed and residual use for Russia and Australia. Projected 2022/23 global trade is raised 3.2 million tons to 208.6 million on higher exports by Russia, Australia, Ukraine, Canada, and the United States more than offset ting lower exports from the EU and Argentina. Russia’s exports are raised to a record 42.0 million tons on greater exportable supplies and expectations that export prices will remain competitive. Projected 2022/23 world ending stocks are reduced fractionally to 267.3 million tons and remain at the lowest level in six years. COARSE GRAINS: This mon th’s 2022/23 U.S. corn outlook is for lower supplies, reduced feed and residual use, slightly higher food, seed, and industrial use, smaller exports, and lower ending stocks. Projected beginning stocks for 2022/23 are 20 million bushels higher based on a lower use forecast for 2021/22, where a reduction in corn used for ethanol is partially offset by greater WASDE- 627-2 use for glucose and dextrose. Corn production for 2022/23 is forecast at 14.4 billion bushels, down 146 million from the July projection. The season’s first survey- based corn yield forecast, at 175.4 bushels per acre, is 1.6 bushels below last month’s projection. Among the major producing states, today’s Crop Production report indicates that yields are forecast above a year ago in Illinois, Minnesota, and South Dakota. Yields in Indiana, Missouri, Nebraska, and Ohio are forecast below a year ago. Iowa is unchanged. Total U.S. corn use for 2022/23 is reduced 45 million bushels to 14.5 billion. Feed and residual use is lowered 25 million bushels based on a smaller crop. Corn used for glucose and dextrose is projected higher based on observed use during 2021/22. Exports for 2022/23 are cut 25 million bushels to 2.4 billion. With supply falling more than use, ending stocks are lowered 82 million bushels to 1.4 billion. The season- average corn price received by producers is unchanged at $6.65 per bushel. This month’s 2022/23 foreign coarse grain outlook is for lower production, larger trade, and smaller ending stocks relative to last month. Foreign corn production is down, with reductions for the EU and Serbia partially offset by increases for Ukraine, Malawi, Russia, and Turkey. EU corn production is sharply lower as extreme heat and dryness cut crop prospects for Romania, Hungary, France, Italy, Spain, Slovakia, Bulgaria, and Germany. Serbia is also reduced based on lower yield prospects. Corn production for Ukraine is higher as moderate to heavy late -July rainfall boost yield expectations. Foreign barley production for 2022/23 is higher with increases for Ukraine, Australia, Russia, Turkey, and Canada that are partly offset by a reduction for the EU. Major global coarse grain trade changes for 2022/23 include forecast corn export increases for Ukraine, Serbia, Zambia, and Russia. Exports are lowered for the EU and the United States. Corn imports are raised for the EU but reduced for Vietnam. Sorghum exports are reduced for the United States, while imports are lowered for China. Barley exports are raised for Australia but lowered for the EU. Foreign corn ending stocks for 2022/23 are down 4.2 million tons to 271.4 million. RICE : The outlook for U.S. rice in 2022/23 this month is for increased supplies, unchanged domestic and residual use and exports, and higher ending stocks. Supplies are raised on higher production that more than offsets a decrease in beginning stocks. The initial survey -based production forecast for the 2022/23 crop year increased production from the previous forecast by 1.5 million cwt to 176.0 million, all on higher yields. The average all rice yield is forecast at 7,627 pounds per acre, up 66 pounds from the prior forecast. Long- grain production is forecast at 140.3 million cwt and combined medium - and short -grain production is forecast at 35.7 million. Combined medium - and short -grain production is still down 24 percent from a year earlier and is at the lowest level since 1985/86. All rice exports for 2022/23 are unchanged, with an increase for milled rice exports offset by a decrease in rough rice. Projected all rice ending stocks are raised to 36.5 million cwt, up 1.0 million from last month but still 12 percent lower than last year. The 2022/23 all rice season- average farm price is increased $0.60 per cwt to a record $18.80, compared to last year’s $15.80, with increases in both long -grain and medium - and short -grain. The 2022/23 global outlook is for reduced supplies, fractionally higher consumption and trade, and smaller stocks. Rice supplies are lowered 4.1 million tons to 697.3 million, primarily on smaller beginning stocks for India and reduced production for Bangladesh and India. India’s production is lowered 2.0 million tons to 128.5 million as dry weather in the northeast reduced planted area. With these declines, 2022/23 world production is forecast only slightly below the previous year’s record high. World use is forecast at a record, up slightly this month to 518.7 WASDE- 627-3 million tons. Projected 2022/23 world ending stocks are lowered 4.2 million tons to 178.5 million, mostly due to smaller stocks in India. OILSEEDS: U.S. soybean supply and use changes for 2022/23 include higher beginning stocks, production, exports, and ending stocks. Beginning soybean stocks are raised on lower 2021/22 exports. Soybean production for 2022/23 is forecast at 4.53 billion bushels, up 26 million with higher yields more than offsetting lower harvested area. Harvested area is forecast at 87.2 million acres, down 0.3 million from July. The first survey -based soybean yield forecast of 51.9 bushels per acre is raised 0. 4 bushels from last month. Soybean supplies for 2022/23 are projected at 4.8 billion bushels, up 36 million from last month. U.S. soybean exports are raised 20 million bushels to 2.16 billion on increased supplies. Soybean ending stocks are forecast at 245 million bushels, up 15 million. The U.S. season- average soybean price for 2022/23 is forecast at $14.35 per bushel, down 5 cents from last month. Soybean meal and oil price forecasts are unchanged at $390 per short ton and 69.0 cents per pound, respectively. The 2022/23 global oilseed supply and use forecasts include higher production, crush, exports, and ending stocks compared to last month. Global oilseed production is raised 2.9 million tons to 646.0 million with higher forecasts for soybeans, rapeseed, and sunflowerseed partly offset with lower cottonseed production in the United States. In addition to higher production for the United States, soybean production for China is increased on higher area cited in recent provincial reports. Australia’s canola crop is raised 0.7 million tons to 6 .1 million on higher yields resulting from favorable weather conditions. Russia’s rapeseed crop is forecasted at a record 3.9 million tons, up 1.1 million from the previous forecast on sharply higher area. Russia’s sunflowerseed production is raised 1.5 million tons to 17 million, also on higher reported area. Sunflowerseed production is reduced for the EU and South Africa. Lower EU production reflects hot, dry conditions in July. Global 2022/23 oilseed crush is raised on higher soybean crush for Brazil and higher rapeseed and sunflowerseed crush for Russia. With increased supplies, rapeseed exports are raised for Australia and Russia. Global rapeseed exports are also raised with the addition of Uruguay to global supply and demand estimates. Sunflowerseed imports are raised for the EU and Bel arus paired with increased exports for Russia and Ukraine. Global oilseed stocks are raised with higher soybean and rapeseed stocks partly offset with lower sunflowerseed stocks. SUGAR: U.S. 2022/23 sugar supply is increased by 249,762 short tons, raw value (STRV) on higher beginning stocks and higher projected production. Stocks carried over from 2021/22 are 45,769 STRV larger than estimated last month mostly on an increase in high- tier tariff imports, now estimated at 325,000 based on the pace of both raw and refined sugar imports through the first week of August. Beet sugar production is increased by 203,993 STRV on the NASS forecast of sugarbeet yield higher (29.2 tons/acre) than last month’s WASDE forecast (27.9 tons/acre). There are no changes to trade or to use. Ending stocks are increased to 1,814,227 STRV implying an ending stocks -to-use ratio of 14.32 percent, up from 12.35 percent last month. Mexico production for 2021/22 is increased by 5,237 metric tons (MT) to 6 ,185,050 on end- of- campaig n reporting by CONADESUCA. Exports in 2021/22 are increased by the same amount. There are no other changes in either 2021/22 or 2022/23. LIVESTOCK, POULTRY, AND DAIRY : The forecast for 2022 red meat and poultry production is fractionally higher than last month as higher beef and broiler forecasts are partly offset by lower pork and turkey. Beef production is raised for the second half with higher expected slaughter. WASDE- 627-4 Pork production is lowered on lower third quarter slaughter. Broiler production is raised on recent production data and higher expected production in the fourth quarter. Turkey production is forecast lower based on slaughter to date and hatchery data. Egg production is raised from last month on recent hatchery data. For 2023, the red meat and poultry production forecast is raised on higher beef production. The beef forecast was raised, reflecting higher expected placements in late 2022 and the 2022 calf crop reported in the latest Cattle report. Turkey production is lowered slightly, while the pork and broiler production forecasts are unchanged from last month. The more rapid pace of egg production growth in 2022 is expected to carry into early 2023. The beef import forecast for 2022 is lowered on second quarter data and expectations of slower imports, largely from Oceania. Imports for 2023 are unchanged from last month. Exports are raised for both years on larger beef supplies and continued firm demand from Asian markets. Pork imports and exports are adjusted for 2022 on recent data; the forecasts for the remainder of 2022 and 2023 are unchanged. Broiler exports for 2022 and 2023 are lowered on recent data and expectations of slow er demand in price sensitive markets. Turkey exports are raised on the latest trade data, but no change is made to the forecast for the outlying quarters of 2022. The forecast for 2023 is raised on expectations of improving demand. Cattle price forecasts for 2022 are raised on current price strength . This is expected to carry into early 2023 and prices were raised for the first quarter. The 2022 hog price forecast is raised on expectations of higher second- half prices, but no changes are made to 2023. The broiler price forecast for 2022 is lowered as prices decline from their highs earlier in the year. This decline is carried into the first half of 2023. Turkey price forecasts for 2022 and 2023 are raised on current prices and expectations of firming demand. The third- quarter 2022 egg price forecast is raised as egg prices peaked at record levels in July before beginning to decline. Forecasts for the fourth quarter and 2023 are unchanged. The milk production forecasts for 2022 and 2023 are raised from last month. The cow inventory is raised in both years based on the July 1 dairy cow inventory provided in the recent Cattle report. Output -per-cow is forecast to increase at a slightly more rapid pace in 2022 and the 2023 forecast is raised as well. Based on recent trade data, fat basis imports for 2022 are lowered from last month, but skim - solids basis imports are unchanged. Imports for 2023 are lowered reflecting larger domestic supplies. Exports on both a skim -solids basis and on a fat basis are raised for 2022 on recent data and expectations of larger available supplies. Export forecasts for 2023 on both fat and skim -solids bases are raised from last month on larger expected supplies. Forecasts for 2022 butter prices are raised slightly from last month on current price strength, but the 2022 cheese price is forecast lower with expectations of larger supplies and continued large stocks. The forecasts for nonfat dry milk (NDM) and whey prices are also lower on observed prices and expected supplies . The Class III price is lowered on both lower cheese and whey prices, and the Class IV price lowered as the higher butter price is more than offset by the lower NDM p rice. The all milk price for 2022 is lowered to $25.20 per cwt. For 2023, forecasts for cheese, butter, NDM, and whey are all lowered on expectations of greater supplies and strong competition in international markets. With lower product prices, the Class III and Class IV price forecasts are lowered. The 2023 all milk price forecast is lowered to $22.50 per cwt. COTTON : In this month’s 2022/23 U.S. cotton projections, beginning stocks are slightly larger, and a nearly 3- million- bale decrease in production results in lower exports, mill use, and ending WASDE- 627-5 stocks. Beginning stocks are larger as estimated exports for 2021/22 are reduced 100,000 bales based on final Export Sales data and Census Bureau data through June. NASS’s first survey - based estimate of production for 2022/23 is 12.6 million bales —the lowest since 2009/10— with the crop reduced by projected historically high abandonment in the Southwest. Exports are projected 2 million bales lower than in July and mill use is 200,000 lower. Ending stocks are 600,000 bales lower, equating to 12.6 percent of expected use, 8 percentage points lower than in 2021/22, and the lowest stock/use ratio since 1924/25. The U.S. season- average price for upland cotton is forecast 2 cents higher this month at 97 cents/lb. Global 2022/23 production is forecast 3.1 million bales lower this month, and consumption is 800,000 bales lower, resulting in a decrease in projected ending stocks of 1.5 million bales. In addition to the U.S. crop change, world production i s reduced an additional 100,000 bales as extreme heat in Uzbekistan reduced yield prospects there. World trade is 1.8 million bales lower this month, with reductions in U.S. exports and imports by China as the largest changes. Projected imports are also lower this month for India, Pakistan, Vietnam, Turkey, and Bangladesh. Consumption in 2022/23 is projected lower than a month ago in the United States, Pakistan, Vietnam, Turkey, and Bangladesh. Approved by the Secretary of Agriculture and by the Chairman of the World Agricultural Outlook Board, Mark Jekanowski, (202) 720- 6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: JEWEL BRONAUGH SECRETARY OF AGRICULTURE DESIGNATE WASDE- 627-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone, ICEC Chair, WAOB, [email protected] Andrew Sowell , ERS; Rachel Trego, FAS; Bruce McWilliams , FPAC. Rice: Mark Simone, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS . Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Todd Hubbs, ERS; Kevin Min, F AS; Jacob Vuillemin, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Maria Bukowski, ERS; Bill George, FAS; Gustavo Ferreira, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; Graham Soley, FAS; Kent Lanclos, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Vida Abadam, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; John Brower, FAS; Georgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Grace Grossen, ERS; Claire Mezoughem, FAS; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Angel Teran, ERS; Paul Kiendl, FAS; Georgi Gabrielyan, FPAC. In 2022 the WASDE report will be released on Sep 12, Oct 12, Nov 9, and Dec 9. WASDE- 627-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oi l Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Production .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 August 2022 WASDE - 627 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2020/21 2724.79 3542.60 487.82 2741.48 801.11 2021/22 (Est.) 2797.39 3598.50 505.55 2799.04 799.46 filler filler filler filler filler 2022/23 (Proj.) Jul 2763.60 3568.69 486.74 2780.51 788.19 2022/23 (Proj.) Aug 2761.52 3560.99 491.77 2783.49 777.50 filler filler filler filler filler Wheat 2020/21 774.28 1072.49 203.40 782.22 290.27 2021/22 (Est.) 779.24 1069.51 202.67 793.16 276.35 filler filler filler filler filler 2022/23 (Proj.) Jul 771.64 1051.74 205.47 784.22 267.52 2022/23 (Proj.) Aug 779.60 1055.94 208.65 788.60 267.34 filler filler filler filler filler Coarse Grains 5/ 2020/21 1441.25 1778.68 233.50 1455.71 322.97 2021/22 (Est.) 1504.50 1827.47 248.28 1489.16 338.30 filler filler filler filler filler 2022/23 (Proj.) Jul 1477.20 1815.56 226.66 1477.65 337.91 2022/23 (Proj.) Aug 1469.49 1807.79 228.45 1476.15 331.64 filler filler filler filler filler Rice, milled 2020/21 509.26 691.43 50.92 503.55 187.88 2021/22 (Est.) 513.65 701.53 54.60 516.71 184.82 filler filler filler filler filler 2022/23 (Proj.) Jul 514.76 701.40 54.61 518.63 182.76 2022/23 (Proj.) Aug 512.44 697.25 54.67 518.74 178.52 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2020/21 429.86 516.87 107.23 351.24 58.40 2021/22 (Est.) 449.59 514.40 94.24 359.27 60.89 filler filler filler filler filler 2022/23 (Proj.) Jul 436.77 504.25 92.67 353.20 58.38 2022/23 (Proj.) Aug 430.60 498.58 91.19 352.24 55.15 filler filler filler filler filler Wheat 2020/21 49.75 80.46 27.05 30.41 23.00 2021/22 (Est.) 44.79 70.38 21.78 30.64 17.96 filler filler filler filler filler 2022/23 (Proj.) Jul 48.47 69.42 21.77 30.26 17.39 2022/23 (Proj.) Aug 48.52 69.48 22.45 30.43 16.60 filler filler filler filler filler Coarse Grains 5/ 2020/21 372.89 427.19 77.21 315.97 34.01 2021/22 (Est.) 398.71 435.33 69.80 323.92 41.61 filler filler filler filler filler 2022/23 (Proj.) Jul 382.76 426.59 68.39 318.33 39.87 2022/23 (Proj.) Aug 376.49 420.83 66.23 317.21 37.39 filler filler filler filler filler Rice, milled 2020/21 7.22 9.22 2.97 4.86 1.39 2021/22 (Est.) 6.09 8.68 2.65 4.72 1.32 filler filler filler filler filler 2022/23 (Proj.) Jul 5.54 8.24 2.51 4.60 1.13 2022/23 (Proj.) Aug 5.59 8.27 2.51 4.60 1.16 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). August 2022 WASDE - 627 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2020/21 2,294.93 3,025.73 380.59 2,390.25 742.71 2021/22 (Est.) 2,347.81 3,084.10 411.31 2,439.77 738.57 filler filler filler filler filler 2022/23 (Proj.) Jul 2,326.83 3,064.44 394.07 2,427.30 729.81 2022/23 (Proj.) Aug 2,330.92 3,062.41 400.58 2,431.25 722.35 filler filler filler filler filler Wheat 2020/21 724.53 992.03 176.36 751.81 267.27 2021/22 (Est.) 734.45 999.13 180.88 762.52 258.38 filler filler filler filler filler 2022/23 (Proj.) Jul 723.17 982.32 183.69 753.95 250.13 2022/23 (Proj.) Aug 731.08 986.47 186.19 758.17 250.74 filler filler filler filler filler Coarse Grains 5/ 2020/21 1,068.36 1,351.49 156.28 1,139.74 288.96 2021/22 (Est.) 1,105.79 1,392.13 178.48 1,165.25 296.69 filler filler filler filler filler 2022/23 (Proj.) Jul 1,094.44 1,388.97 158.27 1,159.32 298.04 2022/23 (Proj.) Aug 1,092.99 1,386.96 162.22 1,158.94 294.24 filler filler filler filler filler Rice, milled 2020/21 502.04 682.21 47.95 498.69 186.49 2021/22 (Est.) 507.56 692.85 51.95 512.00 183.50 filler filler filler filler filler 2022/23 (Proj.) Jul 509.22 693.16 52.11 514.03 181.64 2022/23 (Proj.) Aug 506.85 688.98 52.17 514.13 177.36 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2020/21 111.37 209.16 48.49 121.68 88.11 2021/22 (Est.) 115.96 204.07 43.29 119.22 84.72 filler filler filler filler filler 2022/23 (Proj.) Jul 120.07 204.10 46.38 119.92 84.26 2022/23 (Proj.) Aug 117.01 201.73 44.58 119.09 82.77 filler filler filler filler filler United States 2020/21 14.61 21.86 16.35 2.40 3.15 2021/22 (Est.) 17.52 20.68 14.65 2.55 3.50 filler filler filler filler filler 2022/23 (Proj.) Jul 15.50 18.91 14.00 2.50 2.40 2022/23 (Proj.) Aug 12.57 16.08 12.00 2.30 1.80 filler filler filler filler filler Foreign 4/ 2020/21 96.76 187.30 32.14 119.28 84.96 2021/22 (Est.) 98.43 183.39 28.64 116.67 81.22 filler filler filler filler filler 2022/23 (Proj.) Jul 104.57 185.20 32.38 117.42 81.86 2022/23 (Proj.) Aug 104.44 185.66 32.58 116.79 80.97 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. August 2022 WASDE - 627 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2020/21 607.26 719.37 191.75 508.14 115.38 2021/22 (Est.) 600.47 715.85 177.31 510.54 108.83 filler filler filler filler filler 2022/23 (Proj.) Jul 643.07 750.70 195.37 529.42 118.51 2022/23 (Proj.) Aug 646.00 754.83 196.92 531.88 120.72 filler filler filler filler filler Oilmeals 2020/21 348.37 368.47 97.05 344.19 18.43 2021/22 (Est.) 349.18 367.61 95.55 344.41 17.88 filler filler filler filler filler 2022/23 (Proj.) Jul 362.74 380.61 97.36 355.83 18.56 2022/23 (Proj.) Aug 364.18 382.06 97.87 356.68 19.03 filler filler filler filler filler Vegetable Oils 2020/21 206.59 236.01 85.40 204.95 27.78 2021/22 (Est.) 211.01 238.79 80.03 206.25 28.52 filler filler filler filler filler 2022/23 (Proj.) Jul 218.21 245.91 87.92 212.12 29.55 2022/23 (Proj.) Aug 219.05 247.57 88.33 213.03 30.04 filler filler filler filler filler United States Output Total Supply Trade Total Use 2 / Ending Stocks Oilseeds 2020/21 124.52 141.69 62.78 62.66 8.64 2021/22 (Est.) 130.54 140.33 59.77 63.91 7.79 filler filler filler filler filler 2022/23 (Proj.) Jul 132.67 141.38 59.05 65.51 7.91 2022/23 (Proj.) Aug 132.46 141.46 59.52 65.48 8.20 filler filler filler filler filler Oilmeals 2020/21 48.25 53.02 12.62 40.00 0.39 2021/22 (Est.) 49.11 53.15 12.63 40.08 0.44 filler filler filler filler filler 2022/23 (Proj.) Jul 50.46 54.73 12.93 41.26 0.54 2022/23 (Proj.) Aug 50.44 54.72 12.93 41.24 0.54 filler filler filler filler filler Vegetable Oils 2020/21 12.70 18.86 1.04 16.52 1.29 2021/22 (Est.) 13.05 19.62 1.06 17.27 1.29 filler filler filler filler filler 2022/23 (Proj.) Jul 13.39 20.08 0.87 18.09 1.12 2022/23 (Proj.) Aug 13.38 20.14 0.87 18.08 1.19 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2020/21 482.74 577.68 128.97 445.49 106.75 2021/22 (Est.) 469.92 575.52 117.55 446.63 101.04 filler filler filler filler filler 2022/23 (Proj.) Jul 510.40 609.31 136.32 463.91 110.60 2022/23 (Proj.) Aug 513.54 613.38 137.40 466.40 112.52 filler filler filler filler filler Oilmeals 2020/21 300.13 315.45 84.43 304.19 18.04 2021/22 (Est.) 300.07 314.46 82.93 304.33 17.44 filler filler filler filler filler 2022/23 (Proj.) Jul 312.28 325.88 84.43 314.57 18.02 2022/23 (Proj.) Aug 313.73 327.34 84.94 315.44 18.49 filler filler filler filler filler Vegetable Oils 2020/21 193.88 217.15 84.36 188.42 26.48 2021/22 (Est.) 197.96 219.17 78.97 188.99 27.23 filler filler filler filler filler 2022/23 (Proj.) Jul 204.82 225.84 87.04 194.04 28.43 2022/23 (Proj.) Aug 205.67 227.42 87.45 194.94 28.85 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. August 2022 WASDE - 627 - 11 U.S. Wheat Supply and Use 1/ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Jul Aug Million Acres Area Planted 44.5 46.7 47.1 47.0 Area Harvested 36.8 37.2 37.6 37.5 Bushels Yield per Harvested Acre 49.7 44.3 47.3 47.5 Million Bushels Beginning Stocks 1,028 845 660 660 Production 1,828 1,646 1,781 1,783 Imports 100 95 110 110 Supply, Total 2,956 2,586 2,551 2,553 Food 961 972 964 970 Seed 64 60 68 68 Feed and Residual 93 94 80 80 Domestic, Total 1,117 1,126 1,112 1,118 Exports 994 800 800 825 Use, Total 2,111 1,926 1,912 1,943 Ending Stocks 845 660 639 610 Avg. Farm Price ($/bu) 2/ 5.05 7.63 10.50 9.25 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2021/22 (Est.) Beginning Stocks 428 235 85 70 27 845 Production 749 297 361 201 37 1,646 Supply, Total 3/ 1,181 575 449 276 104 2,586 Domestic Use 511 226 243 77 69 1,126 Exports 317 209 112 148 14 800 Use, Total 829 435 355 224 83 1,926 Ending Stocks, Total 353 140 94 52 21 660 2022/23 (Proj.) Beginning Stocks 353 140 94 52 21 660 Production 576 463 381 289 74 1,783 Supply, Total 3/ 934 653 480 346 140 2,553 Domestic Use 433 291 220 91 83 1,118 Exports 245 235 135 180 30 825 Use, Total 678 526 355 271 113 1,943 Ending Stocks, Total Aug 256 127 125 75 27 610 Ending Stocks, Total Jul 265 126 136 82 30 639 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. August 2022 WASDE - 627 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Jul Aug Million Acres Area Planted 102.3 105.9 101.7 * 101.5 Area Harvested 90.6 94.5 90.5 * 90.4 Metric Tons Yield per Harvested Acre 4.11 4.22 4.23 4.16 Million Metric Tons Beginning Stocks 51.8 34.0 41.1 41.6 Production 372.6 398.5 382.5 376.2 Imports 2.2 2.4 2.5 2.5 Supply, Total 426.6 434.8 426.0 420.3 Feed and Residual 146.6 146.4 139.6 138.3 Food, Seed & Industrial 168.9 177.0 178.2 178.3 Domestic, Total 315.4 323.4 317.8 316.7 Exports 77.2 69.8 68.4 66.2 Use, Total 392.6 393.2 386.2 382.9 Ending Stocks 34.0 41.6 39.9 37.4 CORN 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. July August Million Acres Area Planted 90.7 93.4 89.9 * 89.8 Area Harvested 82.3 85.4 81.9 * 81.8 Bushels Yield per Harvested Acre 171.4 177.0 177.0 * 175.4 Million Bushels Beginning Stocks 1,919 1,235 1,510 1,530 Production 14,111 15,115 14,505 14,359 Imports 24 25 25 25 Supply, Total 16,055 16,375 16,040 15,913 Feed and Residual 5,603 5,600 5,350 5,325 Food, Seed & Industrial 2/ 6,471 6,795 6,820 6,825 Ethanol & by -products 3/ 5,033 5,350 5,375 5,375 Domestic, Total 12,074 12,395 12,170 12,150 Exports 2,747 2,450 2,400 2,375 Use, Total 14,821 14,845 14,570 14,525 Ending Stocks 1,235 1,530 1,470 1,388 Avg. Farm Price ($/bu) 4/ 4.53 5.95 6.65 6.65 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed -grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by- products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. * For Jul y, corn planted and harvested area as reported in the June 30, 2022, "Acreage." The yield projection is based on a weather -adjusted trend, estimated using the 1988 -2021 time period, assuming normal summer growing season weather but lowered to reflect the slow pace of planting progress during May. August 2022 WASDE - 627 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Jul Aug Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 5.9 7.3 6.3 * 6.3 Area Harvested (mil. acres) 5.1 6.5 5.4 * 5.4 Yield (bushels/acre) 73.2 69.0 69.2 * 53.2 Beginning Stocks 30 20 53 53 Production 373 448 372 286 Imports 0 0 0 0 Supply, Total 403 468 425 339 Feed and Residual 97 95 85 65 Food, Seed & Industrial 7 30 25 25 Total Domestic 104 125 110 90 Exports 279 290 285 225 Use, Total 383 415 395 315 Ending Stocks 20 53 30 24 Avg. Farm Price ($/bu) 2/ 5.04 5.95 6.55 6.55 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. July August Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.7 2.7 3.0 * 3.0 Area Harvested (mil. acres) 2.2 1.9 2.4 * 2.4 Yield (bushels/acre) 77.2 60.4 73.0 * 66.3 Beginning Stocks 80 71 42 42 Production 171 118 175 158 Imports 7 15 9 9 Supply, Total 258 204 226 209 Feed and Residual 26 39 15 10 Food, Seed & Industrial 147 115 145 145 Total Domestic 172 154 160 155 Exports 14 7 7 7 Use, Total 186 162 167 162 Ending Stocks 71 42 59 47 Avg. Farm Price ($/bu) 2/ 4.75 5.31 7.35 6.95 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. July August Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.0 2.6 2.4 * 2.4 Area Harvested (mil. acres) 1.0 0.7 0.8 * 0.8 Yield (bushels/acre) 65.1 61.3 66.1 * 66.1 Beginning Stocks 37 38 33 33 Production 66 40 53 53 Imports 85 81 95 95 Supply, Total 188 159 180 180 Feed and Residual 68 44 65 65 Food, Seed & Industrial 78 80 81 81 Total Domestic 147 124 146 146 Exports 3 3 2 2 Use, Total 150 126 148 148 Ending Stocks 38 33 32 32 Avg. Farm Price ($/bu) 2/ 2.77 4.55 5.70 5.80 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. * For July sorghum planted and harvested acres reported in the June 30, 2022, "Acreage." The yield is the median yield for 2002- 2021. Barley and oats area planted, area harvested, yield, and production as reported in the July 12, 2022, "Crop Production." August 2022 WASDE - 627 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Jul Aug Million Acres Area Planted 3.04 2.53 2.34 * 2.34 Area Harvested 2.99 2.49 2.31 * 2.31 Fil ler Pounds Yield per Harvested Acre 7,619 7,709 7,561 * 7,627 Million Hundredweight Beginning Stocks 2/ 28.7 43.7 42.0 41.5 Production 227.5 191.8 174.5 176.0 Imports 34.1 38.0 43.0 43.0 Supply, Total 290.2 273.5 259.5 260.5 Domestic & Residual 3/ 153.1 148.5 145.0 145.0 Exports, Total 4/ 93.5 83.5 79.0 79.0 Rough 34.6 30.0 34.0 32.0 Milled (rough equiv.) 58.9 53.5 45.0 47.0 Use, Total 246.6 232.0 224.0 224.0 Ending Stocks 43.7 41.5 35.5 36.5 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 14.40 15.80 18.20 18.80 Total LONG -GRAIN RICE 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. July August Harvested Acres (mil.) 2.30 1.94 Yield (pounds/acre) 7,422 7,471 Beginning Stocks 16.9 29.7 24.9 25.4 Imports 27.4 31.0 33.0 33.0 Production 170.8 144.6 139.0 140.3 Supply, Total 7/ 215.1 205.4 196.9 198.7 Domestic & Residual 3/ 120.3 118.0 115.0 115.0 Exports 8/ 65.0 62.0 60.0 60.0 Use, Total 185.3 180.0 175.0 175.0 Ending Stocks 29.7 25.4 21.9 23.7 Avg. Farm Price ($/cwt) 6/ 12.60 13.70 15.50 16.00 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. July August Harvested Acres (mil.) 0.69 0.55 Yield (pounds/acre) 8,282 8,543 Beginning Stocks 10.7 11.5 14.6 13.6 Imports 6.7 7.0 10.0 10.0 Production 56.7 47.2 35.5 35.7 Supply, Total 7/ 72.7 65.6 60.1 59.3 Domestic & Residual 3/ 32.8 30.5 30.0 30.0 Exports 8/ 28.5 21.5 19.0 19.0 Use, Total 61.2 52.0 49.0 49.0 Ending Stocks 11.5 13.6 11.1 10.3 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 20.10 22.20 26.20 27.00 California 10/ 22.60 26.00 31.00 32.00 Other States 1/ 13.00 14.10 16.00 16.50 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2017/18 -1.4; 2018/19-2.1; 2019/20 -1.0. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing -year weighted average price received by farme rs. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The California medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the f inal price may differ. 10/ Marketing year beginning October 1. For July --Planted and harvested area are reported in June 30, 2022 "Acreage" report. Projected yield is based on by -class trend analysis and planted area. August 2022 WASDE - 627 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Jul Aug Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 83.4 87.2 88.3 * 88.0 Area Harvested 82.6 86.3 87.5 * 87.2 Fil ler Bushels Yield per Harvested Acre 51.0 51.4 51.5 * 51.9 Million Bushels Beginning Stocks 525 257 215 225 Production 4,216 4,435 4,505 4,531 Imports 20 15 15 15 Supply, Total 4,761 4,707 4,735 4,771 Crushings 2,141 2,205 2,245 2,245 Exports 2,266 2,160 2,135 2,155 Seed 101 102 102 102 Residual -4 15 23 24 Use, Total 4,504 4,482 4,505 4,526 Ending Stocks 257 225 230 245 Avg. Farm Price ($/bu) 2/ 10.80 13.30 14.40 14.35 Total SOYBEAN OIL 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. July August Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,853 2,131 1,951 2,101 Production 4/ 25,023 26,105 26,310 26,310 Imports 302 325 500 500 Supply, Total 27,177 28,561 28,761 28,911 Domestic Disappearance 23,314 24,685 25,700 25,700 Biofuel 3/ 8,850 10,500 12,000 12,000 Food, Feed & other Industrial 14,464 14,185 13,700 13,700 Exports 1,731 1,775 1,400 1,400 Use, Total 25,046 26,460 27,100 27,100 Ending stocks 2,131 2,101 1,661 1,811 Avg. Price (c/lb) 2/ 56.87 72.00 69.00 69.00 Total SOYBEAN MEAL 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. July August Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 341 341 400 400 Production 4/ 50,565 51,659 52,850 52,850 Imports 784 600 450 450 Supply, Total 51,691 52,600 53,700 53,700 Domestic Disappearance 37,674 38,500 39,200 39,200 Exports 13,675 13,700 14,000 14,000 Use, Total 51,350 52,200 53,200 53,200 Ending Stocks 341 400 500 500 Avg. Price ($/s.t.) 2/ 392.31 435.00 390.00 390.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects soybean oil used for biofuels as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,205 million bushels for 2021/22 and 2,245 million bushels for 2022/23. *Planted and harvested acres are from the June 30, 2022 Acreage report. The yield is based on a weather -adjusted trend model. August 2022 WASDE - 627 - 16 U.S. Sugar Supply and Use 1/ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Jul Aug Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,618 1,705 1,782 1,828 Production 2/ 9,233 9,117 8,947 9,151 Beet Sugar 5,092 5,155 4,934 5,138 Cane Sugar 4,141 3,961 4,013 4,013 Florida 2,090 1,933 2,000 2,000 Louisiana 1,918 1,906 1,910 1,910 Texas 134 122 103 103 Imports 3,221 3,746 3,501 3,501 TRQ 3/ 1,749 1,766 1,445 1,445 Other Program 4/ 292 300 250 250 Non-program 1,180 1,680 1,806 1,806 Mexico 968 1,355 1,756 1,756 High -tier tariff/other 212 325 50 50 Total Supply 14,072 14,568 14,229 14,479 Exports 49 35 35 35 Deliveries 12,277 12,705 12,630 12,630 Food 12,161 12,600 12,525 12,525 Other 5/ 116 105 105 105 Miscellaneous 40 0 0 0 Total Use 12,367 12,740 12,665 12,665 Ending Stocks 1,705 1,828 1,564 1,814 Stocks to Use Ratio 13.8 14.3 12.4 14.3 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2021/22 and 2022/23 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2021/22, WTO raw sugar TRQ shortfall (77) and for 2022/23 (99). 4/ Composed of sugar under the re-export and polyhydric alcohol programs. 5/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE - reported deliveries: 2020/21 -- 298; estimated 2021/22 -- 314; projected 2022/23 -- 315 Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2021/22 Est. Jul 1,053 6,180 50 4,547 1,789 947 2021/22 Est. Aug 1,053 6,185 50 4,547 1,794 947 2022/23 Proj. Jul 947 6,000 50 4,547 1,503 947 2022/23 Proj. Aug 947 6,000 50 4,547 1,503 947 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2020/21 = 1,320; Estimated 2020/21 = 1,310; Projected 2022/23 = 1,317; Estimated Oct - June 2022 = 966, Oct - June 2021 = 989. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2021/22 (497 est =462 dom.+35 import); 2022/23 (497 proj = 462 dom.+35 import). Statistical Adjustments: 2021/22 (0), 2022/23 (0). August 2022 WASDE - 627 - 17 U.S. Cotton Supply and Use 1/ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Jul Aug Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 12.09 11.22 12.48 ** 12.48 Harvested 8.22 10.27 8.55 ** 7.13 Fil ler Pounds Yield per Harvested Acre 853 819 870 ** 846 Million 480 Pound Bales Beginning Stocks 7.25 3.15 3.40 3.50 Production 14.61 17.52 15.50 12.57 Imports 0.00 0.01 0.01 0.01 Supply, Total 21.86 20.68 18.91 16.08 Domestic Use 2.40 2.55 2.50 2.30 Exports, Total 16.35 14.65 14.00 12.00 Use, Total 18.75 17.20 16.50 14.30 Unaccounted 2/ -0.04 -0.02 0.01 -0.03 Ending Stocks 3.15 3.50 2.40 1.80 Avg. Farm Price 3/ 66.3 92.0 95.0 97.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. *Planted area as reported in March 31, 2022 Prospective Plantings. Harvested area based on 10 -year average abandonment by region, with the Southwest adjusted to reflect unfavorable moisture conditions. Yield based on 5-y ear average yields by region. **Planted area as reported in June 30, 2022 Acreage. Harvested area based on 10 -year average abandonment by region, with the Southwest adjusted to reflect unfavorable moisture conditions. Yield based on 5 -year average yields by region. August 2022 WASDE - 627 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 298.21 774.28 195.37 157.97 782.22 203.40 290.27 World Less China 148.20 640.03 184.75 117.97 632.22 202.64 146.15 United States 27.99 49.75 2.73 2.54 30.41 27.05 23.00 Total Foreign 270.23 724.53 192.64 155.44 751.81 176.36 267.27 Major Exporters 4/ 32.38 322.21 6.66 72.83 179.43 147.50 34.32 Argentina 2.36 17.64 0.01 0.05 6.35 11.53 2.12 Australia 2.68 31.92 0.20 4.50 8.00 23.85 2.96 Canada 5.50 35.18 0.55 4.18 9.13 26.43 5.67 European Union 5/ 13.11 126.69 5.38 42.50 104.75 29.74 10.69 Russia 7.23 85.35 0.40 19.00 42.50 39.10 11.38 Ukraine 1.50 25.42 0.13 2.60 8.70 16.85 1.51 Major Importers 6/ 193.75 200.40 125.06 57.58 323.55 12.62 183.04 Bangladesh 1.76 1.18 7.20 0.50 8.00 0.00 2.14 Brazil 1.99 6.25 6.40 0.40 11.80 0.93 1.91 China 150.02 134.25 10.62 40.00 150.00 0.76 144.12 Japan 1.21 1.00 5.49 0.65 6.25 0.30 1.15 N. Africa 7/ 14.36 15.81 28.50 1.75 46.72 0.80 11.14 Nigeria 0.30 0.06 6.59 0.05 5.55 0.60 0.79 Sel. Mideast 8/ 11.79 20.62 17.74 3.54 38.83 0.62 10.70 Southeast Asia 9/ 5.91 0.00 25.84 7.29 25.05 1.14 5.56 Selected Other India 24.70 107.86 0.02 6.50 102.22 2.56 27.80 Kazakhstan 0.66 14.26 1.00 1.45 6.25 8.19 1.48 United Kingdom 2.44 9.66 3.22 5.96 13.46 0.45 1.42 2021/22 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 290.27 779.24 197.83 159.93 793.16 202.67 276.35 World Less China 146.15 642.30 188.26 124.93 645.16 201.79 134.59 United States 23.00 44.79 2.59 2.57 30.64 21.78 17.96 Total Foreign 267.27 734.45 195.23 157.36 762.53 180.88 258.38 Major Exporters 4/ 34.32 326.91 5.83 77.55 184.85 142.55 39.66 Argentina 2.12 22.50 0.00 0.05 6.35 16.50 1.78 Australia 2.96 36.30 0.20 5.00 8.50 27.50 3.46 Canada 5.67 21.65 0.60 4.50 9.50 15.00 3.42 European Union 5/ 10.69 138.29 4.60 45.50 108.75 31.75 13.08 Russia 11.38 75.16 0.30 18.50 41.75 33.00 12.09 Ukraine 1.51 33.01 0.13 4.00 10.00 18.80 5.84 Major Importers 6/ 183.04 203.23 130.50 53.60 323.57 15.33 177.86 Bangladesh 2.14 1.13 6.50 0.60 8.40 0.00 1.37 Brazil 1.91 7.70 6.50 0.45 11.75 3.20 1.16 China 144.12 136.95 9.57 35.00 148.00 0.88 141.76 Japan 1.15 1.13 5.61 0.75 6.30 0.30 1.28 N. Africa 7/ 11.14 20.43 26.87 1.87 47.02 0.41 11.02 Nigeria 0.79 0.09 6.20 0.05 5.85 0.60 0.63 Sel. Mideast 8/ 10.70 16.50 22.82 3.88 38.78 0.75 10.48 Southeast Asia 9/ 5.56 0.00 26.52 7.30 25.40 1.19 5.48 Selected Other India 27.80 109.59 0.03 7.00 109.88 8.03 19.50 Kazakhstan 1.48 11.81 2.50 1.30 6.10 8.20 1.49 United Kingdom 1.42 13.99 2.60 7.40 15.40 0.83 1.77 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2022 WASDE - 627 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jul 280.10 771.64 202.74 151.31 784.22 205.47 267.52 Aug 276.35 779.60 203.89 152.79 788.60 208.65 267.34 World Less China Jul 138.19 636.64 193.24 121.31 640.22 204.57 126.00 Aug 134.59 641.60 194.39 122.79 644.60 207.75 122.98 United States Jul 17.96 48.47 2.99 2.18 30.26 21.77 17.39 Aug 17.96 48.52 2.99 2.18 30.43 22.45 16.60 Total Foreign Jul 262.14 723.17 199.75 149.14 753.95 183.69 250.13 Aug 258.38 731.08 200.90 150.61 758.17 186.19 250.74 Major Exporters 4/ Jul 41.97 318.60 6.71 75.55 182.95 148.00 36.32 Aug 39.66 326.60 6.71 77.05 185.20 150.50 37.26 Argentina Jul 1.43 19.50 0.01 0.05 6.35 13.50 1.08 Aug 1.78 19.00 0.01 0.05 6.35 13.00 1.43 Australia Jul 4.83 30.00 0.20 4.00 7.55 24.00 3.48 Aug 3.46 33.00 0.20 5.00 8.55 25.00 3.11 Canada Jul 3.42 34.00 0.60 4.00 9.10 25.00 3.92 Aug 3.42 35.00 0.60 4.00 9.10 26.00 3.92 European Union 5/ Jul 14.36 134.10 5.50 43.50 107.50 35.50 10.96 Aug 13.08 132.10 5.50 43.00 107.00 33.50 10.18 Russia Jul 12.09 81.50 0.30 19.00 42.25 40.00 11.64 Aug 12.09 88.00 0.30 20.00 44.00 42.00 14.39 Ukraine Jul 5.84 19.50 0.10 5.00 10.20 10.00 5.24 Aug 5.84 19.50 0.10 5.00 10.20 11.00 4.24 Major Importers 6/ Jul 178.56 201.40 133.25 47.35 321.25 15.22 176.74 Aug 177.86 204.35 134.50 47.30 321.02 15.22 180.47 Bangladesh Jul 2.27 1.10 7.00 0.60 8.70 0.00 1.67 Aug 1.37 1.10 7.00 0.60 8.50 0.00 0.97 Brazil Jul 1.16 8.50 6.40 0.55 11.95 3.00 1.11 Aug 1.16 8.70 6.40 0.55 11.95 3.00 1.31 China Jul 141.92 135.00 9.50 30.00 144.00 0.90 141.52 Aug 141.76 138.00 9.50 30.00 144.00 0.90 144.36 Japan Jul 1.08 1.15 5.50 0.65 6.20 0.30 1.23 Aug 1.28 1.15 5.70 0.65 6.20 0.30 1.63 N. Africa 7/ Jul 11.25 17.15 29.40 1.82 47.67 0.51 9.63 Aug 11.02 17.15 30.20 1.77 47.52 0.51 10.34 Nigeria Jul 0.63 0.11 6.50 0.00 6.00 0.60 0.64 Aug 0.63 0.11 6.50 0.00 6.00 0.60 0.64 Sel. Mideast 8/ Jul 10.55 17.59 23.32 3.88 39.63 0.77 11.07 Aug 10.48 17.59 23.32 3.88 39.58 0.77 11.05 Southeast Asia 9/ Jul 5.27 0.00 26.23 6.70 25.15 1.15 5.20 Aug 5.48 0.00 26.23 6.70 25.20 1.15 5.36 Selected Other India Jul 21.47 106.00 0.03 6.50 104.50 6.50 16.49 Aug 19.50 103.00 0.03 6.50 104.50 6.50 11.53 Kazakhstan Jul 0.79 13.00 1.00 1.30 5.90 8.00 0.89 Aug 1.49 13.00 1.00 1.30 6.10 8.00 1.39 United Kingdom Jul 1.70 14.60 2.00 7.60 15.60 1.00 1.70 Aug 1.77 14.60 2.00 7.60 15.60 1.00 1.77 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some co untries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirat es, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2022 WASDE - 627 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 337.43 1,441.25 234.16 904.10 1,455.71 233.50 322.97 World Less China 136.47 1,172.17 183.62 683.15 1,142.60 233.49 115.51 United States 51.83 372.89 2.47 146.73 315.97 77.21 34.01 Total Foreign 285.60 1,068.36 231.68 757.37 1,139.74 156.28 288.96 Major Exporters 4/ 24.24 297.37 5.46 134.78 181.08 126.63 19.36 Argentina 4.57 60.00 0.02 11.28 17.01 45.52 2.06 Australia 3.01 18.61 0.00 6.25 8.12 10.50 2.99 Brazil 5.82 90.32 3.35 62.42 73.86 21.04 4.60 Canada 3.98 29.64 1.89 16.69 24.65 7.26 3.61 Russia 1.87 41.40 0.09 21.47 31.04 10.42 1.90 Ukraine 2.55 39.59 0.07 9.25 12.41 28.15 1.65 Major Importers 5/ 36.35 252.86 137.73 294.54 377.05 13.22 36.68 European Union 6/ 14.16 155.46 15.87 119.91 159.41 11.45 14.63 Japan 1.74 0.23 16.98 13.45 17.29 0.00 1.66 Mexico 4.14 32.66 17.15 30.34 49.84 0.51 3.60 N. Afr & Mideast 7/ 7.76 32.61 38.78 63.17 71.38 0.69 7.08 Saudi Arabia 1.72 0.19 10.03 10.25 10.61 0.00 1.33 Southeast Asia 8/ 3.82 31.40 22.65 43.43 51.72 0.57 5.59 South Korea 2.02 0.24 11.80 9.47 12.03 0.00 2.04 Selected Other China 200.96 269.08 50.53 220.95 313.11 0.01 207.46 2021/22 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 322.97 1,504.50 225.01 911.64 1,489.16 248.28 338.30 World Less China 115.51 1,223.64 182.66 684.09 1,169.41 248.23 127.45 United States 34.01 398.71 2.61 146.52 323.92 69.80 41.61 Total Foreign 288.96 1,105.79 222.39 765.12 1,165.25 178.48 296.69 Major Exporters 4/ 19.36 334.89 8.99 145.23 190.90 147.78 24.56 Argentina 2.06 62.65 0.01 11.77 17.49 44.80 2.42 Australia 2.99 18.50 0.00 5.55 7.43 11.68 2.39 Brazil 4.60 120.62 2.60 66.10 78.14 44.51 5.18 Canada 3.61 24.21 6.22 17.94 25.44 5.55 3.06 Russia 1.90 38.54 0.10 22.23 31.11 7.58 1.85 Ukraine 1.65 53.51 0.03 14.24 17.37 30.46 7.37 Major Importers 5/ 36.68 249.00 133.78 285.96 369.22 14.92 35.33 European Union 6/ 14.63 154.41 17.52 118.07 157.69 13.28 15.58 Japan 1.66 0.24 16.82 13.41 17.15 0.00 1.57 Mexico 3.60 33.27 18.36 31.10 50.77 0.40 4.06 N. Afr & Mideast 7/ 7.08 29.37 39.37 60.17 68.81 0.61 6.41 Saudi Arabia 1.33 0.20 7.71 7.45 7.81 0.00 1.43 Southeast Asia 8/ 5.59 31.21 17.91 42.10 50.49 0.64 3.58 South Korea 2.04 0.22 11.62 9.25 11.81 0.00 2.06 Selected Other China 207.46 280.85 42.35 227.55 319.75 0.05 210.86 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, an d Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indone sia, Malaysia, Philippines, Thailand, and Vietnam. August 2022 WASDE - 627 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jul 338.36 1,477.20 220.10 910.81 1,477.65 226.66 337.91 Aug 338.30 1,469.49 221.14 907.63 1,476.15 228.45 331.64 World Less China Jul 127.50 1,197.90 182.75 679.26 1,154.90 226.61 133.20 Aug 127.45 1,190.19 185.29 677.58 1,154.90 228.40 126.93 United States Jul 41.11 382.76 2.72 139.77 318.33 68.39 39.87 Aug 41.61 376.49 2.72 138.51 317.21 66.23 37.39 Total Foreign Jul 297.25 1,094.44 217.38 771.04 1,159.32 158.27 298.04 Aug 296.69 1,092.99 218.42 769.11 1,158.94 162.22 294.24 Major Exporters 4/ Jul 25.01 329.53 4.50 145.19 191.61 133.34 34.08 Aug 24.56 336.37 4.50 146.98 193.46 137.74 34.24 Argentina Jul 2.57 64.87 0.01 11.91 17.72 47.20 2.52 Aug 2.42 64.91 0.01 11.95 17.76 47.20 2.37 Australia Jul 1.89 14.52 0.00 4.82 6.70 7.88 1.84 Aug 2.39 15.22 0.00 5.02 6.90 8.58 2.13 Brazil Jul 5.18 130.54 1.80 69.50 81.99 47.03 8.50 Aug 5.18 130.54 1.80 69.50 81.99 47.03 8.50 Canada Jul 3.00 29.02 2.54 17.08 24.47 6.75 3.35 Aug 3.06 29.35 2.54 17.30 24.79 6.75 3.40 Russia Jul 1.85 40.93 0.10 21.98 31.13 9.95 1.81 Aug 1.85 41.00 0.10 21.90 31.00 10.15 1.81 Ukraine Jul 7.77 31.76 0.00 12.52 15.65 10.83 13.06 Aug 7.37 37.46 0.00 13.92 17.05 14.33 13.46 Major Importers 5/ Jul 35.57 245.92 137.78 287.90 371.30 13.29 34.68 Aug 35.33 237.36 140.32 285.63 368.88 10.89 33.24 European Union 6/ Jul 15.75 149.77 17.19 116.05 155.68 11.77 15.25 Aug 15.58 140.61 20.22 113.69 153.07 9.27 14.07 Japan Jul 1.57 0.24 16.67 13.06 16.95 0.00 1.53 Aug 1.57 0.24 16.67 13.06 16.95 0.00 1.53 Mexico Jul 4.03 33.50 18.47 31.74 51.36 0.60 4.04 Aug 4.06 33.50 18.57 31.74 51.46 0.60 4.07 N. Afr & Mideast 7/ Jul 6.42 30.51 39.71 61.59 70.12 0.34 6.19 Aug 6.41 31.11 39.41 61.78 70.30 0.44 6.19 Saudi Arabia Jul 1.43 0.19 8.71 8.75 9.11 0.00 1.23 Aug 1.43 0.19 8.71 8.75 9.11 0.00 1.23 Southeast Asia 8/ Jul 3.67 31.41 20.96 43.05 51.60 0.58 3.85 Aug 3.58 31.41 20.66 42.95 51.50 0.58 3.56 South Korea Jul 2.06 0.22 11.60 9.24 11.80 0.00 2.09 Aug 2.06 0.22 11.60 9.24 11.80 0.00 2.09 Selected Other China Jul 210.86 279.30 37.35 231.55 322.75 0.05 204.71 Aug 210.86 279.30 35.85 230.05 321.25 0.05 204.71 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit , and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Afr ica and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade ex cludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2022 WASDE - 627 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 307.46 1,129.44 185.22 724.18 1,144.02 182.61 292.89 World Less China 106.93 868.77 155.71 521.18 859.02 182.60 87.18 United States 48.76 358.45 0.62 142.32 306.69 69.78 31.36 Total Foreign 258.70 771.00 184.61 581.86 837.33 112.83 261.53 Major Exporters 4/ 13.37 200.12 2.92 91.02 113.82 93.55 9.04 Argentina 3.62 52.00 0.01 9.50 13.50 40.94 1.18 Brazil 5.33 87.00 2.85 59.50 70.00 21.02 4.15 Russia 0.83 13.87 0.04 8.90 10.00 3.99 0.75 South Africa 2.12 16.95 0.01 7.22 13.22 3.73 2.12 Ukraine 1.48 30.30 0.02 5.90 7.10 23.86 0.83 Major Importers 5/ 20.81 132.70 92.89 164.27 219.53 4.79 22.08 Egypt 1.73 6.40 9.63 13.90 16.40 0.01 1.36 European Union 6/ 7.38 67.44 14.49 57.20 77.70 3.74 7.88 Japan 1.39 0.01 15.48 12.00 15.45 0.00 1.42 Mexico 3.52 27.35 16.50 25.60 43.80 0.48 3.08 Southeast Asia 7/ 3.81 31.35 20.69 41.65 49.70 0.57 5.58 South Korea 2.00 0.09 11.71 9.42 11.78 0.00 2.02 Selected Other Canada 2.56 13.56 1.58 8.59 13.98 1.56 2.17 China 200.53 260.67 29.51 203.00 285.00 0.00 205.70 2021/22 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2 / Exports Ending Stocks World 3/ 292.89 1,218.76 178.58 745.93 1,199.80 200.44 311.84 World Less China 87.18 946.21 155.58 536.93 908.80 200.42 101.60 United States 31.36 383.94 0.64 142.25 314.85 62.23 38.86 Total Foreign 261.53 834.81 177.94 603.68 884.96 138.21 272.98 Major Exporters 4/ 9.04 242.65 2.07 100.10 123.30 115.20 15.26 Argentina 1.18 53.00 0.01 9.80 13.70 39.00 1.49 Brazil 4.15 116.00 2.00 62.00 73.00 44.50 4.65 Russia 0.75 15.23 0.05 10.00 11.10 4.00 0.93 South Africa 2.12 16.30 0.00 7.30 13.30 3.20 1.92 Ukraine 0.83 42.13 0.02 11.00 12.20 24.50 6.27 Major Importers 5/ 22.08 137.29 90.22 166.20 221.55 6.84 21.20 Egypt 1.36 7.44 9.20 13.90 16.40 0.01 1.59 European Union 6/ 7.88 70.98 16.00 59.80 80.40 5.80 8.66 Japan 1.42 0.01 15.30 12.00 15.35 0.00 1.38 Mexico 3.08 27.55 17.50 26.20 44.40 0.40 3.33 Southeast Asia 7/ 5.58 31.16 16.32 40.70 48.85 0.63 3.58 South Korea 2.02 0.08 11.50 9.20 11.55 0.00 2.05 Selected Other Canada 2.17 13.98 6.00 12.40 17.80 2.15 2.20 China 205.70 272.55 23.00 209.00 291.00 0.02 210.24 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2022 WASDE - 627 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jul 312.28 1,185.90 177.08 747.21 1,185.24 182.57 312.94 Aug 311.84 1,179.61 179.78 746.01 1,184.77 185.62 306.68 World Less China Jul 102.04 914.90 159.08 533.21 890.24 182.55 108.72 Aug 101.60 908.61 161.78 532.01 889.77 185.60 102.46 United States Jul 38.35 368.44 0.64 135.90 309.13 60.96 37.33 Aug 38.86 364.73 0.64 135.26 308.62 60.33 35.27 Total Foreign Jul 273.93 817.46 176.44 611.32 876.11 121.61 275.60 Aug 272.98 814.88 179.14 610.75 876.14 125.29 271.41 Major Exporters 4/ Jul 16.22 237.80 1.36 102.00 125.90 104.50 24.97 Aug 15.26 243.30 1.36 103.30 127.20 108.20 24.52 Argentina Jul 1.49 55.00 0.01 10.00 14.00 41.00 1.49 Aug 1.49 55.00 0.01 10.00 14.00 41.00 1.49 Brazil Jul 4.65 126.00 1.30 65.50 77.00 47.00 7.95 Aug 4.65 126.00 1.30 65.50 77.00 47.00 7.95 Russia Jul 0.93 14.50 0.05 9.70 10.90 3.80 0.78 Aug 0.93 15.00 0.05 10.00 11.20 4.00 0.78 South Africa Jul 2.38 17.30 0.00 7.30 13.30 3.70 2.68 Aug 1.92 17.30 0.00 7.30 13.30 3.70 2.22 Ukraine Jul 6.77 25.00 0.00 9.50 10.70 9.00 12.07 Aug 6.27 30.00 0.00 10.50 11.70 12.50 12.07 Major Importers 5/ Jul 21.31 134.57 93.10 165.90 221.55 5.89 21.54 Aug 21.20 126.57 95.80 164.00 219.45 3.89 20.23 Egypt Jul 1.59 7.44 9.20 13.90 16.40 0.01 1.83 Aug 1.59 7.44 9.20 13.90 16.40 0.01 1.83 European Union 6/ Jul 8.68 68.00 16.00 58.80 79.40 4.70 8.58 Aug 8.66 60.00 19.00 57.00 77.40 2.70 7.56 Japan Jul 1.38 0.01 15.20 11.70 15.20 0.00 1.39 Aug 1.38 0.01 15.20 11.70 15.20 0.00 1.39 Mexico Jul 3.33 27.60 17.70 26.50 44.70 0.60 3.33 Aug 3.33 27.60 17.70 26.50 44.70 0.60 3.33 Southeast Asia 7/ Jul 3.66 31.36 19.10 41.40 49.70 0.58 3.84 Aug 3.58 31.36 18.80 41.30 49.60 0.58 3.55 South Korea Jul 2.05 0.08 11.50 9.20 11.55 0.00 2.08 Aug 2.05 0.08 11.50 9.20 11.55 0.00 2.08 Selected Other Canada Jul 2.15 14.00 2.50 9.70 14.90 1.60 2.15 Aug 2.20 14.00 2.50 9.70 14.90 1.60 2.20 China Jul 210.24 271.00 18.00 214.00 295.00 0.02 204.22 Aug 210.24 271.00 18.00 214.00 295.00 0.02 204.22 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2022 WASDE - 627 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 182.17 509.26 46.46 503.55 50.92 187.88 World Less China 65.67 360.96 42.25 353.26 48.70 71.38 United States 0.91 7.22 1.08 4.86 2.97 1.39 Total Foreign 181.26 502.04 45.38 498.69 47.95 186.49 Major Exporters 4/ 41.22 191.63 2.01 149.52 38.31 47.03 Burma 1.01 12.60 0.00 10.50 1.90 1.21 India 33.90 124.37 0.00 101.07 20.20 37.00 Pakistan 1.15 8.42 0.01 3.80 3.88 1.90 Thailand 3.98 18.86 0.20 12.70 6.06 4.28 Vietnam 1.18 27.38 1.80 21.45 6.27 2.64 Major Importers 5/ 128.87 240.06 17.05 255.07 2.71 128.21 China 116.50 148.30 4.22 150.29 2.22 116.50 European Union 6/ 0.90 1.83 1.78 3.40 0.45 0.66 Indonesia 3.31 34.50 0.65 35.40 0.00 3.06 Nigeria 1.49 5.15 2.20 7.15 0.00 1.69 Philippines 3.60 12.42 2.20 14.45 0.00 3.76 Sel. Mideast 7/ 1.22 2.31 3.25 5.83 0.00 0.95 Selected Other Brazil 0.24 8.00 0.63 7.35 0.95 0.57 C. Amer & Carib 8/ 0.67 1.59 1.62 3.29 0.04 0.55 Egypt 1.23 4.00 0.22 4.30 0.01 1.15 Japan 1.98 7.57 0.65 8.20 0.11 1.89 Mexico 0.17 0.20 0.81 0.96 0.02 0.20 South Korea 1.14 3.51 0.43 4.00 0.05 1.02 2021/22 Est. Beginning Stocks Productio n Imports Total /2 Domestic Exports Ending Stocks World 3/ 187.88 513.65 53.62 516.71 54.60 184.82 World Less China 71.38 364.66 47.72 360.42 52.50 71.82 United States 1.39 6.09 1.21 4.72 2.65 1.32 Total Foreign 186.49 507.56 52.41 512.00 51.95 183.50 Major Exporters 4/ 47.03 197.43 1.41 157.41 42.65 45.81 Burma 1.21 12.35 0.00 10.50 2.30 0.77 India 37.00 129.66 0.00 108.41 21.75 36.50 Pakistan 1.90 8.70 0.01 4.00 4.80 1.80 Thailand 4.28 19.65 0.20 13.00 7.20 3.93 Vietnam 2.64 27.07 1.20 21.50 6.60 2.81 Major Importers 5/ 128.21 242.04 21.40 262.64 2.58 126.42 China 116.50 148.99 5.90 156.29 2.10 113.00 European Union 6/ 0.66 1.71 2.30 3.50 0.44 0.74 Indonesia 3.06 34.40 0.55 35.15 0.00 2.86 Nigeria 1.69 5.26 2.20 7.25 0.00 1.90 Philippines 3.76 12.60 3.55 15.40 0.00 4.51 Sel. Mideast 7/ 0.95 2.15 4.05 6.00 0.00 1.15 Selected Other Brazil 0.57 7.34 0.80 7.35 0.85 0.51 C. Amer & Carib 8/ 0.55 1.63 1.82 3.36 0.04 0.61 Egypt 1.15 2.90 0.70 4.05 0.01 0.70 Japan 1.89 7.64 0.69 8.20 0.11 1.91 Mexico 0.20 0.18 0.80 0.97 0.01 0.21 South Korea 1.02 3.88 0.44 3.95 0.06 1.34 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. August 2022 WASDE - 627 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Jul 186.64 514.76 53.14 518.63 54.61 182.76 Aug 184.82 512.44 53.10 518.74 54.67 178.52 World Less China Jul 73.64 365.76 47.14 362.03 52.21 73.76 Aug 71.82 363.44 47.10 362.14 52.27 69.52 United States Jul 1.33 5.54 1.37 4.60 2.51 1.13 Aug 1.32 5.59 1.37 4.60 2.51 1.16 Total Foreign Jul 185.31 509.22 51.77 514.03 52.11 181.64 Aug 183.50 506.85 51.74 514.13 52.17 177.36 Major Exporters 4/ Jul 47.87 199.10 1.01 156.90 42.90 48.18 Aug 45.81 197.10 1.01 156.90 42.90 44.12 Burma Jul 0.77 12.50 0.00 10.50 2.10 0.67 Aug 0.77 12.50 0.00 10.50 2.10 0.67 India Jul 38.20 130.50 0.00 107.50 22.00 39.20 Aug 36.50 128.50 0.00 107.50 22.00 35.50 Pakistan Jul 1.80 8.90 0.01 4.10 4.90 1.71 Aug 1.80 8.90 0.01 4.10 4.90 1.71 Thailand Jul 4.13 19.80 0.20 13.10 7.50 3.53 Aug 3.93 19.80 0.20 13.10 7.50 3.33 Vietnam Jul 2.97 27.40 0.80 21.70 6.40 3.07 Aug 2.81 27.40 0.80 21.70 6.40 2.91 Major Importers 5/ Jul 126.25 242.17 20.20 263.60 2.86 122.16 Aug 126.42 241.71 20.40 263.75 2.86 121.92 China Jul 113.00 149.00 6.00 156.60 2.40 109.00 Aug 113.00 149.00 6.00 156.60 2.40 109.00 European Union 6/ Jul 0.69 1.46 2.40 3.45 0.42 0.68 Aug 0.74 1.35 2.50 3.55 0.42 0.62 Indonesia Jul 2.96 34.60 0.65 35.05 0.00 3.16 Aug 2.86 34.60 0.55 35.00 0.00 3.01 Nigeria Jul 1.90 5.36 2.20 7.45 0.00 2.00 Aug 1.90 5.36 2.20 7.45 0.00 2.00 Philippines Jul 4.41 12.41 3.10 15.50 0.00 4.42 Aug 4.51 12.41 3.10 15.60 0.00 4.42 Sel. Mideast 7/ Jul 1.02 2.24 3.95 6.15 0.00 1.06 Aug 1.15 2.24 3.95 6.15 0.00 1.19 Selected Other Brazil Jul 0.45 7.10 0.85 7.30 0.65 0.45 Aug 0.51 7.10 0.85 7.30 0.70 0.46 C. Amer & Carib 8/ Jul 0.61 1.57 1.89 3.42 0.03 0.62 Aug 0.61 1.57 1.89 3.42 0.03 0.62 Egypt Jul 0.70 2.90 0.85 4.00 0.01 0.44 Aug 0.70 2.90 0.85 4.00 0.01 0.44 Japan Jul 1.91 7.55 0.69 8.15 0.12 1.87 Aug 1.91 7.55 0.69 8.15 0.12 1.87 Mexico Jul 0.21 0.19 0.82 0.98 0.01 0.23 Aug 0.21 0.19 0.82 0.98 0.01 0.23 South Korea Jul 1.34 3.72 0.43 3.95 0.06 1.48 Aug 1.34 3.72 0.43 3.95 0.06 1.48 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. August 2022 WASDE - 627 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2020/21 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 97.79 111.37 49.08 121.68 48.49 -0.05 88.11 World Less China 60.89 81.87 36.22 81.68 48.48 -0.05 48.86 United States 7.25 14.61 3/ 2.40 16.35 -0.04 3.15 Total Foreign 90.54 96.76 49.08 119.28 32.14 -0.01 84.96 Major Exporters 4/ 39.25 53.78 1.60 34.62 27.63 -0.08 32.46 Central Asia 5/ 2.80 5.45 0.01 3.82 1.99 0.00 2.45 Afr. Fr. Zone 6/ 2.52 4.84 3/ 0.11 5.31 0.00 1.93 S. Hemis. 7/ 17.64 15.55 0.14 4.04 13.59 -0.09 15.79 Australia 1.20 2.80 3/ 0.01 1.56 -0.10 2.52 Brazil 14.40 10.82 0.01 3.10 11.01 0.00 11.12 India 15.68 27.60 0.84 26.00 6.19 0.00 11.94 Major Importers 8/ 48.87 39.77 45.06 80.67 3.10 0.07 49.85 Mexico 0.69 1.02 0.93 1.70 0.49 0.03 0.43 China 36.90 29.50 12.86 40.00 0.01 0.00 39.25 European Union 9/ 0.62 1.69 0.56 0.59 1.96 0.00 0.33 Turkey 2.77 2.90 5.33 7.70 0.59 0.00 2.71 Pakistan 3.19 4.50 5.33 10.70 0.03 0.03 2.27 Indonesia 0.64 3/ 2.31 2.45 0.01 0.00 0.50 Thailand 0.10 3/ 0.60 0.61 0.00 0.01 0.08 Bangladesh 2.52 0.15 8.75 8.50 0.00 0.01 2.90 Vietnam 1.11 3/ 7.31 7.30 0.00 0.00 1.12 2021/22 Est. Beginning Stocks Productio n Imports Domestic Use Exports Loss /2 Ending Stocks World 88.11 115.96 42.98 119.22 43.29 -0.18 84.72 World Less China 48.86 88.96 34.88 82.22 43.20 -0.18 47.46 United States 3.15 17.52 0.01 2.55 14.65 -0.02 3.50 Total Foreign 84.96 98.43 42.97 116.67 28.64 -0.16 81.22 Major Exporters 4/ 32.46 55.42 1.75 33.73 24.38 -0.18 31.69 Central Asia 5/ 2.45 4.95 0.02 3.77 1.57 0.00 2.08 Afr. Fr. Zone 6/ 1.93 5.98 3/ 0.11 5.72 -0.01 2.09 S. Hemis. 7/ 15.79 19.58 0.16 4.23 12.83 -0.18 18.66 Australia 2.52 5.50 3/ 0.01 3.90 -0.19 4.30 Brazil 11.12 12.00 0.03 3.20 7.73 0.00 12.22 India 11.94 24.50 1.00 25.00 3.90 0.00 8.54 Major Importers 8/ 49.85 39.77 38.73 78.64 2.93 0.02 46.77 Mexico 0.43 1.22 0.98 1.85 0.40 0.03 0.35 China 39.25 27.00 8.10 37.00 0.09 0.00 37.26 European Union 9/ 0.33 1.59 0.64 0.64 1.79 -0.05 0.19 Turkey 2.71 3.80 5.60 8.70 0.58 0.00 2.83 Pakistan 2.27 6.00 4.40 10.80 0.05 0.03 1.79 Indonesia 0.50 3/ 2.55 2.55 0.01 0.00 0.49 Thailand 0.08 3/ 0.74 0.71 0.00 0.01 0.10 Bangladesh 2.90 0.15 7.90 8.50 0.00 0.01 2.44 Vietnam 1.12 3/ 6.75 6.80 0.00 0.00 1.08 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. August 2022 WASDE - 627 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2022/23 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Jul 84.04 120.07 46.37 119.92 46.38 -0.10 84.26 Aug 84.72 117.01 44.57 119.09 44.58 -0.13 82.77 World Less China Jul 46.66 92.57 36.37 82.42 46.33 -0.10 46.94 Aug 47.46 89.51 35.57 81.59 44.53 -0.13 46.56 United States Jul 3.40 15.50 0.01 2.50 14.00 0.01 2.40 Aug 3.50 12.57 0.01 2.30 12.00 -0.03 1.80 filler filler filler filler filler filler filler Total Foreign Jul 80.64 104.57 46.37 117.42 32.38 -0.10 81.86 Aug 81.22 104.44 44.57 116.79 32.58 -0.10 80.97 Major Exporters 4/ Jul 30.87 60.25 2.39 33.65 28.28 -0.17 31.74 Aug 31.69 60.13 2.19 33.62 28.45 -0.17 32.10 Central Asia 5/ Jul 1.94 5.29 0.02 3.75 1.54 0.00 1.95 Aug 2.08 5.20 0.02 3.72 1.54 0.00 2.03 Afr. Fr. Zone 6/ Jul 2.07 6.35 3/ 0.11 6.03 0.00 2.27 Aug 2.09 6.35 3/ 0.11 6.06 0.00 2.27 S. Hemis. 7/ Jul 18.65 20.56 0.15 4.18 16.51 -0.18 18.85 Aug 18.66 20.53 0.15 4.18 16.66 -0.18 18.68 Australia Jul 4.20 5.50 3/ 0.01 6.00 -0.19 3.88 Aug 4.30 5.50 3/ 0.01 6.20 -0.19 3.78 filler filler filler filler filler filler filler Brazil Jul 12.34 13.00 0.02 3.20 9.30 0.00 12.86 Aug 12.22 13.00 0.02 3.20 9.30 0.00 12.73 India Jul 7.94 27.50 1.70 25.00 3.70 0.00 8.44 Aug 8.54 27.50 1.50 25.00 3.70 0.00 8.84 Major Importers 8/ Jul 47.00 41.07 41.60 79.64 2.69 0.07 47.27 Aug 46.77 41.07 40.01 79.04 2.72 0.07 46.01 Mexico Jul 0.35 1.33 1.10 1.90 0.40 0.03 0.45 Aug 0.35 1.33 1.10 1.90 0.40 0.03 0.45 China Jul 37.38 27.50 10.00 37.50 0.05 0.00 37.33 Aug 37.26 27.50 9.00 37.50 0.05 0.00 36.21 European Union 9/ Jul 0.24 1.58 0.58 0.61 1.53 0.00 0.26 Aug 0.19 1.58 0.59 0.61 1.56 0.00 0.19 Turkey Jul 2.86 4.30 5.00 8.60 0.65 0.00 2.91 Aug 2.83 4.30 4.90 8.50 0.65 0.00 2.88 Pakistan Jul 1.79 6.20 5.00 11.10 0.05 0.03 1.82 Aug 1.79 6.20 4.80 10.90 0.05 0.03 1.82 Indonesia Jul 0.49 3/ 2.50 2.50 0.01 0.00 0.49 Aug 0.49 3/ 2.50 2.50 0.01 0.00 0.48 Thailand Jul 0.10 3/ 0.70 0.70 0.00 0.01 0.09 Aug 0.10 3/ 0.70 0.70 0.00 0.01 0.09 Bangladesh Jul 2.54 0.16 8.50 8.60 0.00 0.01 2.59 Aug 2.44 0.16 8.40 8.50 0.00 0.01 2.49 Vietnam Jul 1.03 3/ 7.20 7.10 0.00 0.00 1.13 Aug 1.08 3/ 7.00 6.90 0.00 0.00 1.18 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. August 2022 WASDE - 627 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 94.66 368.44 165.50 315.41 364.02 164.70 99.88 World Less China 70.05 348.84 65.74 222.41 251.28 164.63 68.72 United States 14.28 114.75 0.54 58.26 60.91 61.67 6.99 Total Foreign 80.39 253.70 164.96 257.15 303.12 103.03 92.89 Major Exporters 3/ 47.41 197.31 5.86 90.21 100.84 94.81 54.93 Argentina 26.65 46.20 4.82 40.16 47.41 5.20 25.06 Brazil 20.42 139.50 1.02 46.68 49.88 81.65 29.40 Paraguay 0.33 9.90 0.02 3.30 3.47 6.33 0.45 Major Importers 4/ 27.91 23.25 133.41 122.10 149.91 0.27 34.39 China 24.61 19.60 99.76 93.00 112.74 0.07 31.16 European Union 1.66 2.60 14.79 15.80 17.46 0.19 1.40 Southeast Asia 0.97 0.59 9.68 4.74 10.05 0.01 1.18 Mexico 0.37 0.25 6.10 6.20 6.25 0.00 0.46 2021/22 Est. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 99.88 352.74 153.39 313.79 363.03 153.25 89.73 World Less China 68.72 336.34 63.39 226.79 256.31 153.15 58.99 United States 6.99 120.71 0.41 60.01 63.19 58.79 6.13 Total Foreign 92.89 232.04 152.98 253.78 299.84 94.47 83.60 Major Exporters 3/ 54.93 176.22 4.01 92.23 102.76 87.10 45.30 Argentina 25.06 44.00 3.40 40.55 47.76 2.25 22.45 Brazil 29.40 126.00 0.55 50.00 53.25 80.00 22.71 Paraguay 0.45 4.20 0.05 1.60 1.68 2.90 0.13 Major Importers 4/ 34.39 20.19 122.54 115.90 143.52 0.39 33.21 China 31.16 16.40 90.00 87.00 106.72 0.10 30.74 European Union 1.40 2.73 14.60 15.70 17.32 0.28 1.13 Southeast Asia 1.18 0.53 8.84 4.50 9.67 0.01 0.86 Mexico 0.46 0.29 5.80 6.20 6.25 0.00 0.30 2022/23 Proj. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ Jul 88.73 391.40 166.12 327.13 377.75 168.89 99.61 Aug 89.73 392.79 166.22 327.77 378.25 169.08 101.41 World Less China Jul 57.99 373.90 68.12 232.13 262.16 168.79 69.05 Aug 58.99 374.39 68.22 232.77 262.66 168.98 69.96 United States Jul 5.85 122.61 0.41 61.10 64.49 58.11 6.27 Aug 6.13 123.30 0.41 61.10 64.53 58.65 6.66 Total Foreign Jul 82.88 268.79 165.71 266.03 313.25 110.79 93.34 Aug 83.60 269.49 165.81 266.67 313.72 110.43 94.75 Major Exporters 3/ Jul 44.70 212.50 5.57 93.83 104.59 102.63 55.55 Aug 45.30 212.50 5.57 94.58 105.34 102.23 55.80 Argentina Jul 22.10 51.00 4.80 41.00 48.25 4.70 24.95 Aug 22.45 51.00 4.80 41.00 48.25 4.30 25.70 Brazil Jul 22.46 149.00 0.75 49.50 52.85 89.00 30.36 Aug 22.71 149.00 0.75 50.25 53.60 89.00 29.86 Paraguay Jul 0.13 10.00 0.01 3.25 3.41 6.50 0.23 Aug 0.13 10.00 0.01 3.25 3.41 6.50 0.23 Major Importers 4/ Jul 33.17 21.53 132.53 125.10 154.05 0.33 32.84 Aug 33.21 22.00 132.73 124.80 153.50 0.33 34.10 China Jul 30.74 17.50 98.00 95.00 115.59 0.10 30.56 Aug 30.74 18.40 98.00 95.00 115.59 0.10 31.46 European Union Jul 0.96 3.00 15.00 16.10 17.93 0.22 0.81 Aug 1.13 2.57 15.20 15.90 17.53 0.22 1.15 Southeast Asia Jul 0.89 0.50 9.88 4.95 10.37 0.02 0.88 Aug 0.86 0.50 9.88 4.85 10.22 0.02 1.00 Mexico Jul 0.40 0.30 6.35 6.55 6.60 0.00 0.45 Aug 0.30 0.30 6.35 6.55 6.60 0.00 0.35 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports . Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to roun ding. August 2022 WASDE - 627 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 15.29 247.81 63.88 243.45 68.96 14.57 World Less China 15.29 174.16 63.80 170.77 67.91 14.57 United States 0.31 45.87 0.71 34.18 12.41 0.31 Total Foreign 14.98 201.94 63.16 209.27 56.55 14.26 Major Exporters 3/ 6.91 75.10 0.26 28.42 46.93 6.92 Argentina 2.57 31.32 0.00 3.28 28.33 2.29 Brazil 3.77 36.18 0.02 19.15 16.58 4.25 India 0.57 7.60 0.24 6.00 2.03 0.38 Major Importers 4/ 2.41 22.86 37.26 59.50 1.12 1.91 European Union 0.79 12.48 16.53 28.39 0.85 0.56 Mexico 0.15 4.90 1.85 6.75 0.01 0.15 Southeast Asia 5/ 1.28 3.69 17.05 20.71 0.27 1.05 China 0.00 73.66 0.07 72.68 1.05 0.00 2021/22 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 14.57 246.12 64.20 242.08 68.71 14.09 World Less China 14.57 177.22 64.14 173.72 68.11 14.09 United States 0.31 46.86 0.54 34.93 12.43 0.36 Total Foreign 14.26 199.26 63.65 207.15 56.28 13.73 Major Exporters 3/ 6.92 77.99 0.49 29.62 48.30 7.48 Argentina 2.29 31.63 0.00 3.32 28.40 2.21 Brazil 4.25 38.76 0.02 19.63 19.00 4.39 India 0.38 7.60 0.48 6.68 0.90 0.88 Major Importers 4/ 1.91 22.70 38.00 59.80 1.08 1.73 European Union 0.56 12.40 16.80 28.44 0.75 0.57 Mexico 0.15 4.90 1.90 6.83 0.01 0.12 Southeast Asia 5/ 1.05 3.50 17.50 20.83 0.32 0.90 China 0.00 68.90 0.06 68.36 0.60 0.00 2022/23 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Jul 13.90 256.84 65.07 251.70 69.88 14.24 Aug 14.09 257.33 65.22 251.85 70.14 14.66 World Less China Jul 13.90 181.60 65.02 177.41 68.88 14.24 Aug 14.09 182.09 65.17 177.56 69.14 14.66 United States Jul 0.36 47.95 0.41 35.56 12.70 0.45 Aug 0.36 47.95 0.41 35.56 12.70 0.45 Total Foreign Jul 13.54 208.89 64.66 216.13 57.18 13.78 Aug 13.73 209.39 64.81 216.29 57.44 14.21 Major Exporters 3/ Jul 7.31 78.34 0.12 30.33 48.20 7.24 Aug 7.48 78.92 0.12 30.53 48.40 7.59 Argentina Jul 2.19 31.98 0.00 3.38 28.50 2.30 Aug 2.21 31.98 0.00 3.38 28.50 2.31 Brazil Jul 4.34 38.36 0.02 20.15 18.10 4.46 Aug 4.39 38.94 0.02 20.15 18.70 4.50 India Jul 0.78 8.00 0.10 6.81 1.60 0.48 Aug 0.88 8.00 0.10 7.01 1.20 0.78 Major Importers 4/ Jul 1.85 23.64 38.30 60.83 1.11 1.85 Aug 1.73 23.41 38.30 60.58 1.06 1.80 European Union Jul 0.58 12.72 16.75 28.69 0.80 0.55 Aug 0.57 12.56 16.75 28.64 0.75 0.49 Mexico Jul 0.14 5.18 1.93 7.05 0.01 0.19 Aug 0.12 5.18 1.93 7.00 0.01 0.21 Southeast Asia 5/ Jul 0.99 3.86 17.80 21.38 0.31 0.97 Aug 0.90 3.79 17.80 21.23 0.31 0.96 China Jul 0.00 75.24 0.05 74.29 1.00 0.00 Aug 0.00 75.24 0.05 74.29 1.00 0.00 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. August 2022 WASDE - 627 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 5.30 59.23 11.74 58.49 12.61 5.16 World Less China 4.59 42.56 10.51 40.87 12.57 4.23 United States 0.84 11.35 0.14 10.58 0.79 0.97 Total Foreign 4.46 47.88 11.60 47.92 11.82 4.20 Major Exporters 3/ 1.53 20.54 0.75 12.48 9.02 1.32 Argentina 0.55 7.93 0.00 2.04 6.14 0.30 Brazil 0.48 8.99 0.25 7.96 1.26 0.50 European Union 0.44 3.00 0.49 2.43 1.06 0.44 Major Importers 4/ 1.48 19.87 6.74 26.41 0.21 1.47 China 0.70 16.67 1.23 17.63 0.04 0.93 India 0.14 1.71 3.25 4.94 0.01 0.15 North Africa 5/ 0.43 0.99 1.61 2.61 0.13 0.29 2021/22 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 5.16 59.18 11.37 59.03 12.26 4.43 World Less China 4.23 43.59 10.77 42.28 12.15 4.16 United States 0.97 11.84 0.15 11.20 0.81 0.95 Total Foreign 4.20 47.34 11.23 47.84 11.46 3.47 Major Exporters 3/ 1.32 20.92 0.61 12.62 8.76 1.47 Argentina 0.30 8.01 0.06 2.61 5.25 0.50 Brazil 0.50 9.63 0.05 7.50 2.18 0.50 European Union 0.44 2.98 0.50 2.46 1.03 0.44 Major Importers 4/ 1.47 18.83 6.76 26.07 0.22 0.77 China 0.93 15.59 0.60 16.75 0.11 0.26 India 0.15 1.71 3.90 5.60 0.02 0.15 North Africa 5/ 0.29 1.03 1.62 2.58 0.09 0.27 2022/23 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Jul 4.30 61.48 12.14 60.65 12.81 4.46 Aug 4.43 61.60 12.00 60.49 12.91 4.63 World Less China Jul 4.02 44.46 11.04 42.95 12.72 3.85 Aug 4.16 44.58 11.00 42.89 12.82 4.03 United States Jul 0.89 11.93 0.23 11.66 0.64 0.75 Aug 0.95 11.93 0.23 11.66 0.64 0.82 Total Foreign Jul 3.42 49.55 11.91 49.00 12.17 3.71 Aug 3.47 49.67 11.77 48.83 12.27 3.81 Major Exporters 3/ Jul 1.42 21.31 0.60 12.53 9.45 1.36 Aug 1.47 21.42 0.60 12.53 9.53 1.44 Argentina Jul 0.41 8.10 0.00 2.37 5.80 0.35 Aug 0.50 8.10 0.00 2.37 5.80 0.44 Brazil Jul 0.51 9.53 0.10 7.65 2.00 0.49 Aug 0.50 9.68 0.10 7.65 2.13 0.50 European Union Jul 0.48 3.06 0.50 2.46 1.10 0.49 Aug 0.44 3.02 0.50 2.46 1.05 0.46 Major Importers 4/ Jul 0.77 20.49 7.19 27.11 0.21 1.13 Aug 0.77 20.48 7.01 26.91 0.21 1.14 China Jul 0.28 17.02 1.10 17.70 0.09 0.62 Aug 0.26 17.02 1.00 17.60 0.09 0.60 India Jul 0.15 1.80 3.70 5.47 0.02 0.17 Aug 0.15 1.80 3.70 5.47 0.02 0.17 North Africa 5/ Jul 0.25 1.13 1.61 2.62 0.11 0.27 Aug 0.27 1.13 1.61 2.62 0.11 0.29 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, Bangladesh, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. August 2022 WASDE - 627 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2021 III 6,979 6,530 13,554 11,581 1,403 13,125 26,679 2,299 55.8 IV 7,106 7,185 14,341 11,193 1,366 12,689 27,030 2,371 55.4 Annual 27,948 27,675 55,815 44,899 5,558 50,995 106,810 9,238 226.3 2022 I 7,022 6,904 13,972 11,170 1,374 12,678 26,650 2,295 56.3 II 7,068 6,639 13,755 11,268 1,275 12,686 26,441 2,207 57.9 III* 7,150 6,460 13,657 11,625 1,310 13,075 26,732 2,240 56.4 IV* 6,750 7,075 13,874 11,300 1,355 12,780 26,654 2,325 56.2 Annual Jul Proj. 27,922 27,159 55,268 45,295 5,359 51,189 106,456 9,050 226.0 Aug Proj. 27,990 27,078 55,258 45,363 5,314 51,219 106,476 9,067 226.8 2023 I* 6,545 7,000 13,590 11,225 1,385 12,740 26,330 2,325 57.1 II* 6,505 6,545 13,095 11,400 1,410 12,945 26,040 2,370 58.4 Annual Jul Proj. 25,940 27,520 53,637 45,675 5,650 51,845 105,482 9,490 228.3 Aug Proj. 26,265 27,520 53,968 45,675 5,640 51,835 105,803 9,495 229.2 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2021 III 123.51 76.15 105.4 129.7 120.1 17.90 IV 132.36 56.36 110.9 133.4 131.8 20.67 Annual 122.40 67.29 101.2 122.8 118.5 18.53 2022 I 139.25 65.55 135.1 131.4 170.8 24.93 II 141.93 75.58 167.5 143.9 251.6 27.10 III* 140.00 85.00 142.0 166.0 240.0 24.75 IV* 147.00 69.00 140.0 164.0 185.0 24.10 Annual Jul Proj. 141.3 70.8 152.9 147.8 210.6 26.15 Aug Proj. 142.1 73.8 146.1 151.3 211.9 25.20 2023 I* 151.00 66.00 150.0 145.0 165.0 23.05 II* 152.00 74.00 151.0 144.0 145.0 22.15 Annual Jul Proj. 153 70 149 143 151 24.15 Aug Proj. 154 70 146 146 151 22.50 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. August 2022 WASDE - 627 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2021 716 28,016 3,346 32,078 3,441 676 27,962 58.9 2022 Proj. Jul 676 27,990 3,515 32,181 3,496 715 27,970 58.8 Aug 676 28,058 3,459 32,192 3,561 730 27,902 58.6 2023 Proj. Jul 715 26,008 3,200 29,923 2,980 640 26,303 55.0 Aug 730 26,333 3,200 30,263 3,020 640 26,603 55.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2021 467 27,690 1,180 29,337 7,026 446 21,865 51.1 2022 Proj. Jul 446 27,174 1,553 29,172 6,576 565 22,031 51.3 Aug 446 27,093 1,547 29,086 6,574 565 21,946 51.1 2023 Proj. Jul 565 27,535 1,625 29,725 6,515 610 22,600 52.4 Aug 565 27,535 1,625 29,725 6,515 610 22,600 52.4 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2021 1,217 55,906 4,890 62,014 10,470 1,147 50,397 111.5 2022 Proj. Jul 1,147 55,359 5,436 61,943 10,076 1,307 50,560 111.6 Aug 1,147 55,349 5,367 61,863 10,139 1,322 50,402 111.2 2023 Proj. Jul 1,307 53,729 5,195 60,231 9,499 1,277 49,455 108.9 Aug 1,322 54,060 5,190 60,571 9,539 1,277 49,755 109.6 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2021 830 44,419 155 45,403 7,355 705 37,343 96.6 2022 Proj. Jul 705 44,810 176 45,691 7,416 750 37,525 96.7 Aug 705 44,878 180 45,762 7,258 760 37,744 97.3 2023 Proj. Jul 750 45,186 152 46,088 7,465 750 37,873 97.3 Aug 760 45,186 152 46,098 7,370 750 37,978 97.6 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2021 223 5,558 22 5,804 548 166 5,090 15.3 2022 Proj. Jul 166 5,359 34 5,559 402 170 4,986 15.0 Aug 166 5,314 55 5,535 406 170 4,959 14.9 2023 Proj. Jul 170 5,650 28 5,848 395 170 5,283 15.8 Aug 170 5,640 34 5,844 410 170 5,264 15.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2021 1,057 50,514 180 51,751 7,947 874 42,930 113.4 2022 Proj. Jul 874 50,704 215 51,792 7,862 924 43,007 113.2 Aug 874 50,733 240 51,847 7,705 934 43,209 113.7 2023 Proj. Jul 924 51,356 183 52,463 7,900 924 43,639 114.5 Aug 934 51,346 189 52,469 7,820 924 43,725 114.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2021 2,274 106,420 5,070 113,765 18,418 2,021 93,327 224.9 2022 Proj. Jul 2,021 106,063 5,651 113,735 17,937 2,231 93,567 224.8 Aug 2,021 106,082 5,607 113,711 17,844 2,256 93,611 224.9 2023 Proj. Jul 2,231 105,085 5,378 112,694 17,399 2,201 93,094 223.4 Aug 2,256 105,406 5,379 113,040 17,359 2,201 93,480 224.3 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. August 2022 WASDE - 627 - 33 U.S. Egg Supply and Use Commodity 2020 2021 2022 Proj. 2022 Proj. 2023 Proj. 2023 Proj. Jul Aug Jul Aug Eggs Million Dozen Supply Beginning Stocks 31.6 24.5 19.1 19.1 19.0 19.0 Production 9,291.8 9,237.8 9,050.1 9,067.4 9,490.0 9,495.0 Imports 15.5 18.2 22.6 22.0 18.5 18.5 Total Supply 9,338.9 9,280.5 9,091.9 9,108.5 9,527.5 9,532.5 Use Exports 344.0 392.2 254.1 242.8 320.0 300.0 Hatching Use 1,078.5 1,103.9 1,120.9 1,120.5 1,140.0 1,140.0 Ending Stocks 24.5 19.1 19.0 19.0 21.0 21.0 Disappearance Total 7,891.8 7,765.3 7,697.9 7,726.3 8,046.5 8,071.5 Per Capita (number) 285.5 280.5 277.3 278.3 288.7 289.7 Total U.S. Milk Supply and Use Commodity 2020 2021 2022 Proj. 2022 Proj. 2023 Proj. 2023 Proj. Jul Aug Jul Aug Milk Billion Pounds Production 223.3 226.3 226.0 226.8 228.3 229.2 Farm Use 1.1 1.0 1.1 1.1 1.1 1.1 Fat Basis Supply Beginning Stocks 13.6 15.6 14.3 14.3 12.9 13.0 Marketings 222.2 225.2 224.9 225.7 227.3 228.1 Imports 6.8 6.5 7.1 7.0 6.9 6.8 Total Supply 242.6 247.4 246.3 247.0 247.0 248.0 Fat Basis Use Exports 9.3 11.5 12.2 12.9 11.6 11.7 Ending Stocks 15.6 14.3 12.9 13.0 13.6 14.3 Domestic Use 217.8 221.5 221.2 221.1 221.8 222.1 Skim -solid Basis Supply Beginning Stocks 10.2 10.9 11.1 11.1 11.2 11.5 Marketings 222.2 225.2 224.9 225.7 227.3 228.1 Imports 5.6 5.8 6.1 6.1 6.0 5.9 Total Supply 238.0 241.9 242.1 242.9 244.4 245.5 Skim -solid Basis Use Exports 47.2 50.8 50.5 51.3 51.0 51.2 Ending Stocks 10.9 11.1 11.2 11.5 12.0 12.1 Domestic Use 179.9 180.0 180.5 180.0 181.4 182.2 Total Dairy domestic use for 2020 includes additional milk marketed but not processed. Note: Totals may not add due to rounding. August 2022 WASDE - 627 - 34 U.S. Dairy Prices Commodity 2020 2021 2022 Proj. 2022 Proj. 2023 Proj. 2023 Proj. Jul Aug Jul Aug Product Prices 1/ Dollars Per Pound Cheese 1.9236 1.6755 2.185 2.075 2.070 1.975 Butter 1.5808 1.7325 2.780 2.785 2.440 2.375 Nonfat Dry Milk 1.0417 1.2693 1.755 1.665 1.645 1.450 Dry Whey 0.3621 0.5744 0.640 0.610 0.515 0.485 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 18.16 17.08 22.80 21.60 20.85 19.70 Class IV 13.49 16.09 24.70 23.95 22.30 20.35 All Milk 3/ 18.13 18.53 26.15 25.20 24.15 22.50 All prices are January -December averages. 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation. August 2022 WASDE - 627 - 35 Reliability of August Projections 1/ Note: Tables on pages 35 -37 present a record of the August projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 2.2 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 3. 7 percent. The average difference between the August projection and the final estimate is 10.4 million tons, ranging from 0.2 million to 32.1 million tons. The August projection has been below the estimate 28 times and above 13 times. Differences betwe en forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 2.2 3.7 10.4 0.2 32.1 28 13 U.S. 2.3 3.9 1.1 0.0 4.2 16 25 Foreign 2.5 4.2 10.2 0.6 31.1 28 13 Exports World 5.7 9.7 6.3 0.4 19.1 31 10 U.S. 10.8 18.2 2.6 0.0 10.0 18 22 Foreign 7.1 11.9 6.1 0.3 20.5 30 11 Domestic Use World 1.9 3.2 8.5 0.2 34.8 22 19 U.S. 7.4 12.4 2.0 0.0 5.5 13 28 Foreign 1.9 3.2 8.3 0.2 34.6 25 16 Ending Stocks World 9.0 15.2 11.3 0.3 31.2 31 10 U.S. 14.9 25.1 2.9 0.5 12.6 26 15 Foreign 9.7 16.3 9.8 0.1 28.7 31 10 COARSE GRAINS 2/ Production World 2.4 4.0 18.8 0.4 53.7 31 10 U.S. 6.0 10.1 10.0 0.0 31.4 25 16 Foreign 2.5 4.2 14.8 0.7 58.4 28 13 Exports World 7.0 11.7 6.8 0.1 23.8 29 12 U.S. 20.6 34.7 7.5 0.4 19.7 18 23 Foreign 13.9 23.3 7.6 1.4 19.9 27 14 Domestic Use World 1.6 2.7 12.7 0.2 36.8 23 18 U.S. 4.1 6.9 6.9 0.2 17.0 23 18 Foreign 1.8 3.0 11.2 1.1 39.2 26 15 Ending Stocks World 16.1 27.1 21.8 0.1 171.8 32 9 U.S. 35.7 60.1 10.7 0.3 43.5 21 20 Foreign 16.6 28.0 15.4 0.2 154.8 33 8 RICE, milled Production World 2.3 3.8 6.4 0.1 24.4 27 14 U.S. 5.5 9.3 0.3 0.0 0.7 21 20 Foreign 2.3 3.9 6.4 0.4 24.7 28 13 Exports World 9.3 15.6 1.9 0.0 6.9 29 12 U.S. 11.3 19.1 0.2 0.0 1.0 19 20 Foreign 10.3 17.3 1.9 0.1 6.8 28 13 Domestic Use World 1.8 3.1 4.3 0.1 23.5 31 10 U.S. 8.2 13.9 0.2 0.0 0.5 19 22 Foreign 1.8 3.1 4.4 0.0 24.0 30 11 Ending Stocks World 12.2 20.5 6.6 0.1 27.3 32 9 U.S. 29.5 49.7 0.2 0.0 1.0 25 15 Foreign 13.1 22.0 6.6 0.1 27.1 32 9 1/ Footnotes at end of table. CONTINUED August 2022 WASDE - 627 - 36 Reliability of August Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 4.8 8.0 7.8 0.3 30.9 22 19 U.S. 6.0 10.1 3.4 0.0 11.1 22 18 Foreign 7.7 12.9 7.2 1.1 33.5 20 21 Exports World 7.1 12.0 3.7 0.0 18.2 26 14 U.S. 12.2 20.5 3.0 0.0 9.8 24 16 Foreign 19.1 32.2 3.4 0.0 21.3 20 21 Domestic Use World 3.5 5.8 5.1 0.0 15.9 25 16 U.S. 4.9 8.3 1.7 0.0 4.6 25 16 Foreign 4.0 6.7 4.7 0.6 15.4 24 17 Ending Stocks World 16.3 27.5 4.8 0.1 23.5 20 21 U.S. 70.6 118.9 2.9 0.3 12.9 14 27 Foreign 18.4 31.1 4.7 0.2 21.3 24 17 COTTON Million 480 -Pound Bales Production World 4.9 8.3 3.5 0.0 13.2 21 19 U.S. 8.4 14.2 1.1 0.0 3.9 20 20 Foreign 5.3 8.9 3.0 0.0 10.9 21 19 Exports World 9.7 16.3 2.5 0.1 10.2 19 22 U.S. 21.0 35.4 1.2 0.0 3.2 21 20 Foreign 12.4 20.9 1.9 0.1 8.5 21 20 Domestic Use World 5.1 8.5 3.6 0.3 20.7 16 25 U.S. 9.9 16.7 0.4 0.0 1.3 19 19 Foreign 5.1 8.6 3.5 0.3 20.1 17 24 Ending Stocks World 14.8 25.0 5.9 0.2 18.5 27 14 U.S. 44.6 75.1 1.4 0.0 5.1 15 25 Foreign 14.9 25.2 5.2 0.1 18.6 29 12 1/ Marketing years 1981/82 through 2021/22 for grains, soybeans (U.S. only), and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2020/21, and for 2021/22 the last mo nth’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. August 2022 WASDE - 627 - 37 Reliability of United States August Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 6.5 10.9 375 1 1,096 24 17 Exports 21.5 36.2 270 12 750 18 23 Domestic Use 4.5 7.5 278 10 590 25 16 Ending Stocks 40.7 68.6 395 12 1,674 20 21 SORGHUM Production 7.8 13.2 32 1 108 22 19 Exports 33.5 56.4 43 1 160 20 21 Domestic Use 27.8 46.9 44 0 130 19 20 Ending Stocks 57.2 96.4 36 2 201 16 25 BARLEY Production 6.2 10.5 15 1 67 15 26 Exports 64.8 109.1 12 0 82 19 18 Domestic Use 10.2 17.2 23 0 82 14 26 Ending Stocks 19.3 32.5 21 0 94 18 22 OATS Production 9.8 16.4 13 0 57 7 33 Exports 93.4 157.3 1 0 8 10 12 Domestic Use 7.0 11.8 14 1 39 11 30 Ending Stocks 23.3 39.2 14 0 40 18 22 SOYBEAN MEAL Thousand Short Tons Production 4.9 8.2 1,298 32 3,669 28 13 Exports 15.4 25.9 926 50 3,500 25 16 Domestic Use 4.0 6.7 800 24 3,800 25 16 Ending Stocks 41.8 70.4 53 0 428 13 16 SOYBEAN OIL Million Pounds Production 4.9 8.2 637 11 2,290 28 13 Exports 33.2 55.9 418 0 1,575 19 19 Domestic Use 4.3 7.2 506 8 2,200 26 15 Ending Stocks 32.3 54.4 465 0 1,472 22 18 ANIMAL PROD. Million Pounds Beef 4.0 6.8 799 110 2,536 27 13 Pork 3.0 5.1 412 10 1,375 23 17 Broilers 2.2 3.7 556 5 1,338 21 19 Turkeys 3.9 6.5 152 2 458 21 19 Million Dozen Eggs 2.0 3.4 117 4 420 25 15 Billion Pounds Milk 1.7 2.9 2.2 0.1 7.0 22 18 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2021/22 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate followin g the marketing year for 1981/82 through 2021/22. Calendar years 1982 through 2021 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2021. WASDE- 627-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricult ural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Fore ign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. IPAD is lo cated at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ Click to receive WASDE -related notifications b y email Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at [email protected] World Agricultural Supply and Demand Estimates WASDE -627 – August 12, 2022 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554-9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 545 Approved by the World Agricultural Outlook Board September 11, 2015 WHEAT: Projected U.S. exports for 2015/16 ar e lowered 25 million bushels to 900 million on increased foreign supplies. Ending stocks are increased by the same amount to 875 million bushels, which are the largest since the 2009/10 crop year. The season- average farm price is lowered 20 cents on the high end to $4.65 to $5.35 per bushel. The reducti on reflects increased competition for U.S. wheat and growing domestic stocks. Global wheat supplies for 2015/16 are raised 6.7 m illion tons, primarily on increased production in the EU and FSU. Partly offsetting are reductions in Canada and India. EU yields are significantly better than expected and the 2015 crop is now only 2.3 m illion tons below last year’s record. Partly offsetting are reductions in Canada and India. These production changes re flect harvest reports and updated government estimates to date. The global wheat crop is now projected at 731.6 million tons and the third consecutive record. Wo rld beginning stocks are up 1.6 million tons, led by a large increase for Canada as r eported by Statistics Canada. World exports are higher with by far the biggest in crease for the EU, which is raised 1.5 million tons on the much larger crop. Ukraine was raised 0.5 million tons also on a larger crop. Partially offsetting is a 0.7-million-ton reduction for the Unit ed States due to increased foreign competition. Global imports are up, with the biggest increases being 0.5 million tons for Brazil and 0.3 million tons for Philippines. EU impor ts are reduced 0.5 million tons and Indonesia is reduced 0.3 million tons. Global use is up 1.6 million tons on incr eased feed use, especially in the EU and Russia and the Philippines. Reductions in food use are partially offsetting. Wi th supplies growing much faster than use, global ending stocks are raised 5.1 million tons to a record 226.6 million tons. COARSE GRAINS: Projected 2015/16 U.S. feed grain supp lies are reduced this month with lower forecast corn production more than offsetting a small increase for sorghum. Corn production is forecast 101 million bushels lower with the national average yield expected at 167.5 bushels per acre, down 1.3 bushels from the August forecas t. A 40-million-bushel r eduction in projected beginning stocks, reflecting higher expected corn food, seed, and industria l use (FSI) and exports in 2014/15, also reduces projected supplies for 2015/16. U.S. corn usage for 2015/16 is lowered 20 million bus hels, but usage is expected to be record high and just above the level projected for 2014/15. Feed and residual use for 2015/16 is expected 25 million bushels lower with the smaller crop. FS I use is projected 5 million bushels higher on an increase in expected use for sweet eners consistent with this month’s upward revision to that usage category for 2014/15. Despite higher projected gl obal import demand, projected corn exports for 2015/16 are unchanged with tighter supplies. U. S. ending stocks for 2015/16 are projected 121 million bushels lower and 140 million bushels below this month’s lowered 2014/15 carryout projection. The 2015/16 season-av erage corn price received by pr oducers is projected 10 cents higher on both ends to $3.45 to $4.05 per bushel. Global coarse grain supplies for 2015/16 are projec ted 2.3 million tons lower as a 7.5-million-ton reduction in world corn production more than offs ets a 5.3-million-ton increase in world barley WASDE-545-2 output. Much of the decline in global corn producti on reflects a 4.3-million-ton reduction in EU corn and this month’s lower U.S. production, but sma ll reductions are also made for the Philippines, Moldova, Serbia, and Thailand. Barley producti on is raised for Russia, EU, Canada, Turkey, and Ukraine. Global 2015/16 coarse grain consumption is rais ed slightly, mostly on higher expected barley consumption for EU and Saudi Arabia. Global corn consumption is lowered 2.3 million tons with the reduction in U.S. feed and residual use and lower corn feeding expected in EU. Higher EU barley and wheat feeding more than offset reductions for corn and oats. EU corn imports are raised 1.0 million tons. Global corn imports for 2015/16 are raised 2.0 million tons as increases for Vietnam, Mexico, and the Philippines combine with that for EU. Corn exports for 2015/16 are raised for Ukraine. A 1.0-million-ton increase in 2014/15 Brazil corn exports, reflecting higher expected shipments through February 2016, also hel ps meet higher expected global corn import demand resulting from the crop short-fall in EU during the 2015/16 marketing year. Global 2015/16 corn ending stocks are projected 5.4 million tons lower at 189.7 million, 7.5 million lower than for 2014/15. RICE: U.S. 2015/16 rice supplies are lowered 14.9 million cwt from last month resulting from a decrease in production that is parti ally offset by a slight increas e in beginning stocks. Imports are unchanged. U.S. rice production for 2015/16 is forecast at 189.5 million cwt, down 15.5 million from last month due to a decrease in both area har vested and yield. Harvested area is estimated at 2.57 million acres, down 174,000 from last month. Harvested area estimates are lowered for all states except California. The average all rice yield is estimated at 7,374 pounds per acre, down 98 pounds per acre from last month, with decreases in all states ex cept Mississippi. Long-grain rice production is forecast at 131.5 million cwt, down 17.5 million from last month, and combined medium- and short-grain production is forecast at 58.0 million cwt, up 2.0 million. All rice beginning stocks for 2015/16 are raised 0.7 million cwt from last month to 48.5 million (rough-equivalent basis) based on USDA’s August Rice Stocks report. All rice 2015/16 domestic consumption and residual is lowered 4.0 million cwt to 125.0 milli on due mainly to lower supplies. Exports are forecast at 97.0 million cwt, down 10.0 million from last month with long-grain exports down 10.0 million, but medium- and short-grain unchanged. A ll rice ending stocks are lowered 0.9 million cwt to 41.5 million. The 2015/16 long-grain season-average farm price range is project ed at $12.80 to $13.80 per cwt, up $1.30 per cwt on both ends of the range from last month compared to $11.90 per cwt for 2014/15. The all medium- and short-grain farm price range is project ed at $17.50 to $18.50 per cwt, down 30 cents per cwt on both ends of the r ange from last month compared to $17.90 per cwt for 2014/15. The California medium- and short-grain rice price, at a midpoint of $21.00 per cwt, is unchanged from last month. The Other States medium -and short-grain rice price, at a midpoint of $14.50 per cwt, is lowered 30 cents per cwt. The all rice season-average farm price is forecast at $14.20 to $15.20 per cwt, up 80 cents per cwt from a month ago compared to a revised $13.20 per cwt for 2014/15. Projected global 2015/16 rice ending stocks are reduc ed on lower supplies. Global rice production is projected at 475.8 million tons, down 2.9 million from last month, primarily due to smaller crops forecast for Burma, China, Egypt, Indonesia, Phili ppines, and the United States. This is the first year-to-year decrease in produc tion since 2009/10. Burma’s crop is lowered due to significant widespread flooding in late July through mid-Augus t. China’s crop is lowered based mostly on early rice crop production data released by the governm ent of China. Egypt’s rice crop is lowered due to prolonged excessive heat during the growing season. Indonesia’s cr op is lowered due to a downward adjustment in expected yield. The Phili ppines crop is lowered due to a decrease in area and expected yield. Global beginning stocks are ra ised 1.8 million tons, due mostly to an increase WASDE-545-3 in India. India’s 2014/15 rice crop is rais ed 2.3 million tons based on data released by the government of India. India’s exports for 2015/16 ar e raised 0.5 million tons to 9.0 million, partially offset by a reduction of 0.4 million for Burma to 1.8 million. Global 2015/16 rice consumption is lowered slightly from last month. Global 2015/ 16 ending stocks are projected at 90.2 million tons, down 0.7 million from last month, and a decline of 11.7 million from the previous year. Ending stocks are lowered for Burma, China, Egypt, Indonesia, and the Philippines; and raised for India and Vietnam. OILSEEDS: U.S. oilseed production for 2015/16 is proj ected at 116.1 million tons, up 0.7 million from last month on increased soybean, cottons eed, and peanut production. Soybean production is forecast at 3,935 million bushels, up 19 million due to a higher yield forecast. Soybean crush is raised 10 million bushels to 1,870 million on incr eased domestic disappearance of soybean meal, which is raised in line with an increase for 2014/ 15. With lower beginning stocks and higher use, soybean ending stocks are projected at 450 million bushels, down 20 million. Changes for 2014/15 include higher exports and crush, resulting in reduced ending stocks. Exports are increased 10 million to a record 1,835 milli on bushels based on reported trade through July and indications from August export inspections. Cr ush is increased 25 million bushels to 1,870 million on increased soybean meal domestic disappearance and exports. Ending stocks are projected at 210 million bushels, down 30 million. The 2015/16 U.S. season-average soybean price is projected at $8.40 to $9.90 per bushel, unchanged from last month. Soybean meal pric es are also unchanged at $310 to $350 per short ton. Soybean oil prices are pr ojected at 27.5 to 30.5 cents per pound, down 2 cents on both ends of the range. Global oilseed production for 2015/16 is projected at 527.2 million tons , down 1.9 million from last month. Soybean production is reduced for Ukraine, where dry conditions in August lowered yield expectations. Soybean production is also reduc ed for Canada with lower yields more than offsetting increased harvested ar ea as reported by Statistics Canada. Sunflowerseed production forecasts are lowered for several countries incl uding China, the EU, Moldova, and India. Global rapeseed production is raised slightly with gains for Canada and the EU mostly offset by reductions for India and Turkey. Other changes incl ude reduced peanut production for India and reduced cottonseed production for Brazil. Global oilseed trade for 2015/16 is reduced 1.0 milli on tons to 143.8 million, mainly reflecting reduced soybean exports for Ukraine. Global o ilseed crush is project ed lower on reduced oilseed supplies. Global oilseed stocks are projected lower mainly on lower soybean stocks in Argentina, Brazil, Canada, Ukraine, and the United States. SUGAR: U.S. beginning stocks for 2015/16 are decr eased 90,291 short tons, raw value (STRV) from last month due to revised estimates fo r 2014/15, including supply reduction of 6,291, a 119,000 increase in deliveries, and a 35,000 decreas e in exports. Total 2015/16 sugar production is projected at 8.734 million STRV, a 66,000 decrease from last month. Beet sugar is increased by 54,000 STRV to 5.034 million based on a National Agri cultural Statistics Service (NASS) increase in sugarbeet yield from 29.9 to 30.2 tons per acre. Florida cane sugar production is increased 30,000 STRV to 1.940 million based on a NASS s ugarcane yield increase from 38.0 to 38.8 tons/acre. Louisiana cane sugar production is decreased 140,000 STRV to 1.450 million based on NASS’s reduction of area harvested by 12,000 ac res and a yield decrease from 32.0 to 30.0 tons/acre. Hawaii sugar produc tion is reduced by 10,000 STRV to 180,000. Imports for 2015/16 are projected at 3.394 million ST RV, an increase of 24,959. With no change in total use, ending stocks are projected at 1.648 million STRV, implyi ng an ending stocks-to-use ratio of 13.5 percent. WASDE-545-4 Mexico beginning stocks for 2015/16 are estimated at 799,975 metric tons (MT), down 36,799 from last month. Production for 2015/16 is unchanged at 6. 0 million. Sugar deliveries for consumption for 2015/16 are unchanged at 4.501 million MT, but it is assumed that high fructose corn syrup deliveries will be 1.446 million MT, dry weight, for 2014/15 and 2015/16, an increase of 26,000 for both years. Other deliveries are projected at 323, 826 MT to bring total deliveries to 4.825 million. Exports to the United States are forecast at 1.318 million MT, down 7,278 based on changes made in the September sugar WASDE for the United States as per the Countervailing Duty (CVD) Suspension Agreement of December 19, 2014 (“Target Quantity of U.S. Sugar Needs”). Exports to other countries are projected at 10,000 MT, the same as last month. Ending stocks for 2015/16 are forecast residually at 802,647 MT, implying an ending stocks-to-consumption ratio of 17.8 percent. LIVESTOCK, POULTRY, AND DAIRY: The forecasts for total meat production in 2015 and 2016 are lowered from last month. Beef production fo r 2015 is lowered due to a slower pace of slaughter in the third quarter, but the decline is partly offset by heavier carcass weights. The forecast for 2016 is raised as continued increas es in carcass weights support higher beef production. The pork production forecast for 2015 is reduced as the pace of slaughter in the third quarter is lower-than- expected. No change is made to 2016 forecasts. USDA will release the Quarterly Hogs and Pigs report on September 25, providing an estimate of market hog supplies and farrowing intentions into early 2016. Broiler production for 2015 and 2016 is lo wered from last month as producers respond to weaker margins. Turkey production for 2015 is lowered based on hatchery data, but the forecast for 2016 is unchanged. Egg production for 2015 is lowered based on a slower-than-expected recovery in table egg production and lower hatching egg production, the latter a result of slower growth in the broiler sector. Beef imports are reduced for 2015 based on the pace on imports in July, but the forecast for 2016 is raised as product shipped late in 2015 may not a rrive until early 2016. Beef exports for 2015 are lowered as demand in the second half of the year is projected to remain relatively weak. Pork import and export forecasts are unchanged. Broiler ex ports are reduced from last month as slow demand is expected to continue for the remainder of the year and into 2016. Cattle prices for 2015 and 2016 are reduced from last month on weaker demand and competition from other meats. Hog prices are higher for 2015 based on prices in the third quarter. Broiler prices are lowered for both 2015 and 2016 on relatively large broiler meat supplies. Turkey prices are unchanged from last month. Egg prices for 2015 are lowered slightly, but the forecast for 2016 is unchanged. The milk production forecast for 2015 is raised on a larger expected cow herd and slightly more rapid growth in milk per cow. However, the forecast for 2016 is unchanged. Fat-basis imports are increased and exports are reduced for 2015 and 2016. Domestic demand for butter, and to a lesser extent cheese, encourages imports and limits export potential. Fat basis ending stocks are raised. Skim-solids imports are unchanged fo r 2015 and 2016. Exports are reduced on lower expected sales of nonfat dry milk and whey. Domestic demand for butter is expected to support rela tively high prices in the United States. As a result, the butter price forecast is increased for both 2015 and 2016. Cheese prices are raised for 2015, but increased production in 2016 may pressure prices despite growing domestic demand. Thus, the price forecast for 2016 is lowered. N onfat dry milk prices are forecast higher in 2015 reflecting the recent rebound in prices, but the forecast is unchanged for 2016. Whey prices are lowered for both 2015 and 2016. Class III prices are reduced for 2015 and 2016, largely reflecting lower whey prices. Class IV pric es are raised primarily due to the hi gher butter price. The all milk WASDE-545-5 price is raised to $16.80 to $17.00 per cwt for 2015, but lowered to $16.10 to $17.10 per cwt for 2016. COTTON: The 2015/16 U.S. cotton supply and demand forecasts include higher production, exports, and ending stocks compared with last month. Production is raised to 13.4 million bales, as an increase of 458,000 bales for Texas is partially offs et by revisions for other states. Domestic mill use is unchanged. Exports are rais ed to 10.2 million bales based on the larger available supply. Ending stocks are now projected at 3.2 million bales, or 23 percent of disappearance. The marketing year average price rece ived by producers is projected to range from 56.0 to 68.0 cents per pound, a reduction of 3 cents at the midpoint fr om last month based on larger U.S. supplies and lower world consumption. Estimated U.S. 2014/15 ending stocks are unchanged from last month at 3.7 million bales, reflecting stocks data from the Farm Services Agency and the Cotton System Consumption and Stocks report of the National Agricultural Statistics Service. See http://www.ers.usda.gov/publications/cws-cott on-and-wool-outlook/cws-15i.aspx after noon on Tuesday, September 15 for a detailed explanation of the stocks calculation. With lower 2015/16 global cotton consumption, and virtually unchanged global supplies, world ending stocks are projected higher than last month. Production is reduced for Brazil and Pakistan, partially offset by the increase for the United St ates. Forecast world consumption is reduced for several countries, including Brazil, India, Indones ia, Pakistan, Thailand, and Turkey, as economic uncertainties and rising yarn stocks point to lower-than-expected demand. World trade is reduced slightly as a result of the lower consumption. World ending stocks are projected at 106.3 million bales. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Seth D. Meyer, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: ROBERT C. JOHANSSON SECRETARY OF AGRICULTURE DESIGNATE WASDE-545-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers, ICEC Chair, WAOB, E-mail : [email protected] Gary Vocke, ERS; Teresa McKeivier, FAS; Tom Tice, FSA. Rice: Andrew C. Aaronson, ICEC Chair, WAOB, E-mail : [email protected] Nathan Childs, ERS; Yoonhee Macke, FAS; Mark Simone, FSA. Feed Grains: Jerry Norton, IC EC Chair, WAOB, E-mail : [email protected] Thomas Capehart, ERS; Richard O’M eara, FAS; Pete Riley, FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail : [email protected] Mark Ash, ERS; Bill George , FAS; Phil Sronce, FSA. Cotton: Carol Skelly, ICEC Chair, WAOB, E-mail : [email protected] Darryl Earnest, AMS; Leslie Meyer, ERS; Ja mes Johnson, FAS; Tiffany Arthur, FSA. Sugar: Stephen Haley, ICEC Chair, WAOB, E-mail : [email protected] Michael McConnell, ERS; Ron Lord, FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Sherry Wise, AMS; Kenneth Mathews, ERS; Cla ire Mezoughem, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Larry Haller, AMS; David Harvey, ERS; Clair e Mezoughem, FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Uthra Raghunathan, AMS; Jerry Cessna, ERS; P aul Kiendl, FAS; Milton Madison, FSA. In 2015, the WASDE report will be released on Jan. 12, Feb. 10, Mar. 10, Apr. 9, May 12, Jun. 10, Jul. 10, Aug. 12, Sep. 11, Oct. 9, Nov. 10, Dec. 9. WASDE-545-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................... 1 Interagency Commodity Estimates Committees ..................................................... 6 World & U.S. Supply & Use for Grains ................................................................... 8 World & U.S. Supply & Use for Cotton ................................................................... 9 World & U.S. Supply & Use for Oilseeds ............................................................. 10 U.S. Wheat Supply & Use .................................................................................... 11 U.S. Wheat Supply & Use by Class ..................................................................... 11 U.S. Feed Grain & Corn Supply & Use ................................................................ 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13 U.S. Rice Supply & Use ....................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................ 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ............................................................................. 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use ................................................................................. 18 World Coarse Grains Supply & Use ..................................................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use..................................................................................... 24 World Cotton Supply & Use ................................................................................. 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ..................................................................... 29 World Soybean Oil Supply & Use ........................................................................ 30 U.S. Quarterly Animal Product Production ........................................................... 31 U.S. Quarterly Prices for Animal Products ........................................................... 31 U.S. Meats Supply and Use ................................................................................. 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use .................................................................................... 33 U.S. Dairy Prices ................................................................................................. 34 Reliability Tables ................................................................................................. 35 Related USDA Reports ........................................................................................ 38 Metric Conversion Factors ................................................................................... 38 Electronic Access and Subscriptions ....................................................................... 40 September 2015 WASDE - 545 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World OutputTotal SupplyTrade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2013/14 2475.13 2931.72 372.09 2418.63 513.08 2014/15 (Est.) 2500.24 3013.32 383.35 2467.77 545.55 filler filler filler filler filler 2015/16 (Proj.) Aug 2481.94 3023.88 364.35 2484.14 539.74 2015/16 (Proj.) Sep 2481.69 3027.24 366.78 2485.70 541.54 filler filler filler filler filler Wheat 2013/14 715.11 892.21 165.90 698.65 193.56 2014/15 (Est.) 725.24 918.80 164.89 707.49 211.31 filler filler filler filler filler 2015/16 (Proj.) Aug 726.55 936.20 156.21 714.74 221.47 2015/16 (Proj.) Sep 731.61 942.92 157.58 716.36 226.56 filler filler filler filler filler Coarse Grains 5/ 2013/14 1281.83 1450.66 164.45 1238.50 212.15 2014/15 (Est.) 1296.43 1508.58 175.87 1276.16 232.42 filler filler filler filler filler 2015/16 (Proj.) Aug 1276.74 1509.01 166.29 1281.58 227.42 2015/16 (Proj.) Sep 1274.32 1506.74 167.54 1281.92 224.83 filler filler filler filler filler Rice, milled 2013/14 478.19 588.85 41.74 481.48 107.37 2014/15 (Est.) 478.57 585.94 42.58 484.12 101.82 filler filler filler filler filler 2015/16 (Proj.) Aug 478.65 578.67 41.86 487.82 90.85 2015/16 (Proj.) Sep 475.76 577.58 41.67 487.42 90.16 filler filler filler filler filler United States OutputTotal Supply Trade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2013/14 431.31 484.21 89.49 343.31 51.40 2014/15 (Est.) 439.32 498.95 83.32 346.66 68.97 filler filler filler filler filler 2015/16 (Proj.) Aug 432.85 510.10 86.85 351.62 71.63 2015/16 (Proj.) Sep 429.84 506.09 85.85 350.99 69.25 filler filler filler filler filler Wheat 2013/14 58.11 82.35 32.00 34.29 16.07 2014/15 (Est.) 55.13 75.26 23.25 31.53 20.48 filler filler filler filler filler 2015/16 (Proj.) Aug 58.13 82.02 25.17 33.72 23.12 2015/16 (Proj.) Sep 58.13 82.02 24.49 33.72 23.81 filler filler filler filler filler Coarse Grains 5/ 2013/14 367.09 393.85 54.49 305.05 34.31 2014/15 (Est.) 377.12 414.81 56.86 311.01 46.94 filler filler filler filler filler 2015/16 (Proj.) Aug 368.21 419.23 58.28 313.79 47.16 2015/16 (Proj.) Sep 365.69 415.69 58.28 313.29 44.13 filler filler filler filler filler Rice, milled 2013/14 6.12 8.01 3.01 3.98 1.03 2014/15 (Est.) 7.07 8.88 3.21 4.12 1.55 filler filler filler filler filler 2015/16 (Proj.) Aug 6.51 8.85 3.40 4.11 1.35 2015/16 (Proj.) Sep 6.02 8.38 3.08 3.98 1.32 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is e qual to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley , oats, rye, millet, and mixed grains (for U.S. excludes mille t and mixed grains). September 2015 WASDE - 545 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ OutputTotal Supply Trade 2 /Total UseEnding Stocks Total Grains 4/ 2013/14 2,043.82 2,447.51 282.60 2,075.32 461.68 2014/15 (Est.) 2,060.92 2,514.37 300.03 2,121.12 476.57 filler filler filler filler filler 2015/16 (Proj.) Aug 2,049.09 2,513.78 277.51 2,132.52 468.11 2015/16 (Proj.) Sep 2,051.85 2,521.15 280.93 2,134.71 472.29 filler filler filler filler filler Wheat 2013/14 657.01 809.86 133.90 664.37 177.49 2014/15 (Est.) 670.11 843.54 141.64 675.96 190.82 filler filler filler filler filler 2015/16 (Proj.) Aug 668.41 854.18 131.04 681.02 198.34 2015/16 (Proj.) Sep 673.48 860.90 133.08 682.64 202.75 filler filler filler filler filler Coarse Grains 5/ 2013/14 914.74 1,056.81 109.97 933.45 177.84 2014/15 (Est.) 919.31 1,093.77 119.01 965.15 185.48 filler filler filler filler filler 2015/16 (Proj.) Aug 908.53 1,089.78 108.01 967.79 180.26 2015/16 (Proj.) Sep 908.63 1,091.05 109.26 968.63 180.70 filler filler filler filler filler Rice, milled 2013/14 472.07 580.84 38.73 477.50 106.35 2014/15 (Est.) 471.50 577.06 39.38 480.00 100.27 filler filler filler filler filler 2015/16 (Proj.) Aug 472.14 569.82 38.46 483.72 89.50 2015/16 (Proj.) Sep 469.74 569.20 38.59 483.44 88.84 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world mi nus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales OutputTotal Supply Trade 2 /Total Use 3 /Ending Stocks World 2013/14 120.46 212.26 40.87 110.08 103.00 2014/15 (Est.) 118.94 221.94 35.41 111.53 110.91 filler filler filler filler filler 2015/16 (Proj.) Aug 108.99 219.70 34.52 114.65 105.19 2015/16 (Proj.) Sep 108.74 219.65 34.26 113.44 106.26 filler filler filler filler filler United States 2013/14 12.91 16.72 10.53 3.55 2.35 2014/15 (Est.) 16.32 18.68 11.25 3.58 3.70 filler filler filler filler filler 2015/16 (Proj.) Aug 13.08 16.79 10.00 3.70 3.10 2015/16 (Proj.) Sep 13.43 17.14 10.20 3.70 3.20 filler filler filler filler filler Foreign 4/ 2013/14 107.55 195.53 30.34 106.53 100.65 2014/15 (Est.) 102.62 203.25 24.16 107.96 107.21 filler filler filler filler filler 2015/16 (Proj.) Aug 95.91 202.91 24.52 110.95 102.09 2015/16 (Proj.) Sep 95.31 202.51 24.06 109.74 103.06 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treat ment of export/import imbalances. * Planted area based on March 31 Prospective Plantings. Harvested area based on the previous 10-year average abandonment by region, with the Southwest estimated at 15 percent due to favorable moisture. Yield per harvested acre based on the previous 3-year average by region, with the Southwest adjusted to the 10-year average. September 2015 WASDE - 545 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World OutputTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2013/14 506.06 574.12 133.42 419.30 78.13 2014/15 (Est.) 537.22 615.35 145.13 437.51 92.93 filler filler filler filler filler 2015/16 (Proj.) Aug 529.05 623.21 144.73 446.02 96.08 2015/16 (Proj.) Sep 527.17 620.09 143.76 444.86 94.88 filler filler filler filler filler Oilmeals 2013/14 282.37 293.58 82.04 277.12 12.72 2014/15 (Est.) 298.02 310.74 85.94 292.87 13.63 filler filler filler filler filler 2015/16 (Proj.) Aug 305.45 319.13 87.99 301.60 12.98 2015/16 (Proj.) Sep 304.97 318.60 88.15 302.43 12.78 filler filler filler filler filler Vegetable Oils 2013/14 171.26 189.05 70.00 166.84 18.68 2014/15 (Est.) 175.79 194.47 73.53 171.58 18.72 filler filler filler filler filler 2015/16 (Proj.) Aug 181.42 199.97 74.73 178.80 17.35 2015/16 (Proj.) Sep 180.91 199.63 74.97 178.40 17.69 filler filler filler filler filler United States Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2013/14 99.02 107.85 45.55 51.46 3.95 2014/15 (Est.) 117.17 122.96 50.91 55.07 7.26 filler filler filler filler filler 2015/16 (Proj.) Aug 115.40 125.09 47.94 54.62 14.47 2015/16 (Proj.) Sep 116.07 125.03 47.97 54.98 14.05 filler filler filler filler filler Oilmeals 2013/14 39.39 43.50 10.77 32.43 0.29 2014/15 (Est.) 43.12 47.38 12.10 34.94 0.34 filler filler filler filler filler 2015/16 (Proj.) Aug 42.49 46.38 10.84 35.21 0.34 2015/16 (Proj.) Sep 42.70 46.81 10.84 35.62 0.35 filler filler filler filler filler Vegetable Oils 2013/14 10.42 15.60 1.12 13.51 0.98 2014/15 (Est.) 10.93 16.03 1.19 13.76 1.09 filler filler filler filler filler 2015/16 (Proj.) Aug 11.02 16.26 1.17 13.88 1.20 2015/16 (Proj.) Sep 11.09 16.41 1.17 14.04 1.20 filler filler filler filler filler Foreign 3/ OutputTotal Supply TradeTotal Use 2/Ending Stocks Oilseeds 2013/14 407.04 466.28 87.87 367.84 74.18 2014/15 (Est.) 420.05 492.39 94.22 382.44 85.67 filler filler filler filler filler 2015/16 (Proj.) Aug 413.65 498.12 96.78 391.39 81.62 2015/16 (Proj.) Sep 411.10 495.07 95.79 389.88 80.83 filler filler filler filler filler Oilmeals 2013/14 242.98 250.08 71.27 244.69 12.43 2014/15 (Est.) 254.90 263.36 73.84 257.93 13.29 filler filler filler filler filler 2015/16 (Proj.) Aug 262.96 272.75 77.15 266.39 12.64 2015/16 (Proj.) Sep 262.27 271.79 77.31 266.82 12.43 filler filler filler filler filler Vegetable Oils 2013/14 160.84 173.45 68.89 153.33 17.70 2014/15 (Est.) 164.86 178.43 72.34 157.82 17.63 filler filler filler filler filler 2015/16 (Proj.) Aug 170.41 183.71 73.56 164.92 16.14 2015/16 (Proj.) Sep 169.82 183.22 73.80 164.36 16.48 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total F oreign is equal to World minus United States. September 2015 WASDE - 545 - 11 U.S. Wheat Supply and Use 1/ 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Aug Sep Million Acres Area Planted 56.2 56.8 56.1 56.1 Area Harvested 45.3 46.4 48.5 48.5 Bushels Yield per Harvested Acre 47.1 43.7 44.1 44.1 Million Bushels Beginning Stocks 718 590 753 753 Production 2,135 2,026 2,136 2,136 Imports 173 149 125 125 Supply, Total 3,026 2,765 3,014 3,014 Food 955 958 967 967 Seed 77 81 72 72 Feed and Residual 228 120 200 200 Domestic, Total 1,260 1,158 1,239 1,239 Exports 1,176 854 925 900 Use, Total 2,436 2,013 2,164 2,139 Ending Stocks 590 753 850 875 Avg. Farm Price ($/bu) 2/ 6.87 5.99 4.65 - 5.55 4.65 - 5.35 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red WinterHard Red SpringSoft Red Winter White Durum Total Millio n Bush els 2014/15 (Est.) Beginning Stocks 237 169 113 50 22 590 Production 738 556 455 224 53 2,026 Supply, Total 3/ 985 791 582 284 125 2,765 Domestic Use 422 307 296 71 62 1,158 Exports 269 270 133 146 37 854 Use, Total 691 578 429 217 99 2,013 Ending Stocks, Total 294 213 153 67 26 753 2015/16 (Proj.) Beginning Stocks 294 213 153 67 26 753 Production 856 576 389 238 77 2,136 Supply, Total 3/ 1,160 834 562 315 143 3,014 Domestic Use 511 287 256 107 78 1,239 Exports 275 310 135 140 40 900 Use, Total 786 597 391 247 118 2,139 Ending Stocks, Total Sep 374 237 171 68 25 875 Ending Stocks, Total Aug 364 232 166 63 25 850 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketi ng-year weighted average price received by farmers. 3/ Includes imports. September 2015 WASDE - 545 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Aug Sep Million Acres Area Planted 109.9 103.4 104.1 104.1 Area Harvested 98.1 93.0 92.9 92.9 Metric Tons Yield per Harvested Acre 3.74 4.05 3.96 3.93 Million Metric Tons Beginning Stocks 23.5 34.3 47.9 46.9 Production 366.9 376.9 368.0 365.5 Imports 3.0 3.1 2.8 2.8 Supply, Total 393.4 414.4 418.8 415.2 Feed and Residual 133.5 138.9 140.2 139.6 Food, Seed & Industrial 171.1 171.7 173.1 173.2 Domestic, Total 304.6 310.6 313.4 312.8 Exports 54.5 56.9 58.3 58.3 Use, Total 359.1 367.5 371.6 371.1 Ending Stocks 34.3 46.9 47.1 44.1 CORN 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. August September Million Acres Area Planted 95.4 90.6 88.9 88.9 Area Harvested 87.5 83.1 81.1 81.1 Bushels Yield per Harvested Acre 158.1 171.0 168.8 167.5 Million Bushels Beginning Stocks 821 1,232 1,772 1,732 Production 13,829 14,216 13,686 13,585 Imports 36 30 30 30 Supply, Total 14,686 15,477 15,488 15,347 Feed and Residual 5,041 5,300 5,300 5,275 Food, Seed & Industrial 2/ 6,493 6,570 6,625 6,630 Ethanol & by-products 3/ 5,124 5,205 5,250 5,250 Domestic, Total 11,534 11,870 11,925 11,905 Exports 1,920 1,875 1,850 1,850 Use, Total 13,454 13,745 13,775 13,755 Ending Stocks 1,232 1,732 1,713 1,592 Avg. Farm Price ($/bu) 4/ 4.46 3.68 3.35 - 3.95 3.45 - 4.05 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see F eed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data-p roducts/feed-grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn glut en feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. September 2015 WASDE - 545 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Aug Sep Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 8.1 7.1 8.7 8.7 Area Harvested (mil. acres) 6.6 6.4 7.7 7.7 Yield (bushels/acre) 59.6 67.6 74.6 74.9 Beginning Stocks 15 34 17 17 Production 392 433 573 574 Imports 0000 Supply, Total 408 467 589 591 Feed and Residual 93 85 105 105 Food, Seed & Industrial 70 15 15 15 Total Domestic 162 100 120 120 Exports 211 350 430 430 Use, Total 374 450 550 550 Ending Stocks 34 17 39 41 Avg. Farm Price ($/bu) 2/ 4.28 4.00 3.50 - 4.30 3.65 - 4.35 Filler Filler Filler Filler Filler BARLEY 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. August September Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.5 3.0 3.4 3.4 Area Harvested (mil. acres) 3.0 2.4 2.9 2.9 Yield (bushels/acre) 71.3 72.4 71.8 71.8 Beginning Stocks 80 82 79 79 Production 217 177 210 210 Imports 19 24 20 20 Supply, Total 316 283 308 308 Feed and Residual 66 38 60 60 Food, Seed & Industrial 153 151 153 153 Total Domestic 219 190 213 213 Exports 14 14 15 15 Use, Total 234 204 228 228 Ending Stocks 82 79 80 80 Avg. Farm Price ($/bu) 2/ 6.06 5.30 4.20 - 5.00 4.50 - 5.30 Filler Filler Filler Filler Filler OATS 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. August September Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.0 2.7 3.1 3.1 Area Harvested (mil. acres) 1.0 1.0 1.2 1.2 Yield (bushels/acre) 64.1 67.7 70.0 70.0 Beginning Stocks 36 25 54 54 Production 65 70 85 85 Imports 97 107 95 95 Supply, Total 198 202 234 234 Feed and Residual 98 69 95 95 Food, Seed & Industrial 73 77 77 77 Total Domestic 172 146 172 172 Exports 2222 Use, Total 173 148 174 174 Ending Stocks 25 54 60 60 Avg. Farm Price ($/bu) 2/ 3.75 3.21 2.05 - 2.65 2.10 - 2.60 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing y ear beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. September 2015 WASDE - 545 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Aug Sep Million Acres Area Planted 2.49 2.94 2.77 2.61 Area Harvested 2.47 2.92 2.74 2.57 Filler Pounds Yield per Harvested Acre 7,694 7,572 7,472 7,374 Million Hundredweight Beginning Stocks 2/ 36.4 31.8 47.9 48.5 Production 190.0 221.0 205.0 189.5 Imports 23.1 24.7 25.5 25.5 Supply, Total 249.5 277.5 278.4 263.5 Domestic & Residual 3/ 124.4 128.7 129.0 125.0 Exports, Total 4/ 93.3 100.3 107.0 97.0 Rough 28.0 34.0 35.0 33.0 Milled (rough equiv.) 65.3 66.3 72.0 64.0 Use, Total 217.7 229.0 236.0 222.0 Ending Stocks 31.8 48.5 42.4 41.5 Avg. Milling Yield (%) 5/ 71.00 70.50 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 16.30 13.20 13.40 - 14.40 14.20 - 15.20 Total LONG-GRAIN RICE 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. August September Harvested Acres (mil.) 1.77 2.19 Yield (pounds/acre) 7,464 7,408 Beginning Stocks 21.9 16.2 29.1 26.5 Production 131.9 162.4 149.0 131.5 Supply, Total 7/ 173.3 199.7 200.1 180.0 Domestic & Residual 3/ 95.3 102.5 99.0 93.0 Exports 8/ 61.9 70.8 74.0 64.0 Use, Total 157.1 173.2 173.0 157.0 Ending Stocks 16.2 26.5 27.1 23.0 Avg. Farm Price ($/cwt) 6/ 15.40 11.90 11.50 - 12.50 12.80 - 13.80 Filler Filler Filler Filler Filler MEDIUM & SHORT-GRAIN RICE 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. August September Harvested Acres (mil.) 0.70 0.73 Yield (pounds/acre) 8,270 8,068 Beginning Stocks 12.2 13.3 16.5 20.2 Production 58.1 58.7 56.0 58.0 Supply, Total 7/ 73.8 75.9 76.0 81.7 Domestic & Residual 3/ 29.1 26.2 30.0 32.0 Exports 8/ 31.4 29.5 33.0 33.0 Use, Total 60.5 55.8 63.0 65.0 Ending Stocks 13.3 20.2 13.0 16.7 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 19.20 17.90 17.80 - 18.80 17.50 - 18.50 California 10/ 20.70 20.50 20.50 - 21.50 20.50 - 21.50 Other States 1/ 15.70 14.60 14.30 - 15.30 14.00 - 15.00 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of bro ken kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2013/14-2.1; 2014/15-2.3; 2015/16-1.9. 3/ Residual include s unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and en ding stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. The 2013/14 and 2014/15 milling yield is based on the Farm Service Agency (FSA) warehouse stored loan data for long, medium, and short grain rice. The 2015/16 milling yield is calculated using the previous five-year Olympic average-- 2010/11-2014/15. 6/ Marketing-year weighted average pri ce received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9 / The medium/short-grain season- average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not fin al until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP fo recast and the final price has averaged $1.65 per cwt from 2008/ 09-2013/14, with a high of $3.5 0 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. September 2015 WASDE - 545 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Aug Sep Filler Filler Filler Filler Filler Million Acres Area Planted 76.8 83.7 84.3 84.3 Area Harvested 76.3 83.1 83.5 83.5 Filler Bushels Yield per Harvested Acre 44.0 47.8 46.9 47.1 Million Bushels Beginning Stocks 141 92 240 210 Production 3,358 3,969 3,916 3,935 Imports 72 33 30 30 Supply, Total 3,570 4,094 4,186 4,175 Crushings 1,734 1,870 1,860 1,870 Exports 1,638 1,835 1,725 1,725 Seed 97 98 92 92 Residual 98 14 03 8 Use, Total 3,478 3,884 3,717 3,725 Ending Stocks 92 210 470 450 Avg. Farm Price ($/bu) 2/ 13.00 10.06 8.40 - 9.90 8.40 - 9.90 Total SOYBEAN OIL 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. August September Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,705 1,165 1,520 1,565 Production 4/ 20,130 21,300 21,500 21,615 Imports 165 250 200 200 Supply, Total 22,000 22,715 23,220 23,380 Domestic Disappearance 18,958 19,100 19,400 19,600 Biodiesel 3/ 5,010 5,100 5,100 5,200 Food, Feed & other Industrial 13,948 14,000 14,300 14,400 Exports 1,877 2,050 2,000 2,000 Use, Total 20,835 21,150 21,400 21,600 Ending stocks 1,165 1,565 1,820 1,780 Avg. Price (c/lb) 2/ 38.23 31.75 29.50 - 32.50 27.50 - 30.50 Total SOYBEAN MEAL 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. August September Filler 1 2 3 4 Thousand Shor t Tons Beginning Stocks 275 250 300 300 Production 4/ 40,685 44,850 44,225 44,425 Imports 383 350 325 325 Supply, Total 41,343 45,450 44,850 45,050 Domestic Disappearance 29,547 32,100 32,900 33,100 Exports 11,546 13,050 11,650 11,650 Use, Total 41,093 45,150 44,550 44,750 Ending Stocks 250 300 300 300 Avg. Price ($/s.t.) 2/ 489.94 370.00 310.00 - 350.00 310.00 - 350.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Mark eting year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple aver age of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 1,890 million bushels fo r 2014/15 and 1,870 million bushels f or 2015/16. September 2015 WASDE - 545 - 16 U.S. Sugar Supply and Use 1/ 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Aug Sep Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 2,158 1,810 1,821 1,730 Production 2/ 8,462 8,589 8,800 8,734 Beet Sugar 4,794 4,825 4,980 5,034 Cane Sugar 3,667 3,764 3,820 3,700 Florida 1,763 1,975 1,910 1,940 Hawaii 168 165 190 180 Louisiana 1,591 1,505 1,590 1,450 Texas 145 119 130 130 Imports 3,742 3,501 3,369 3,394 TRQ 3/ 1,302 1,585 1,491 1,524 Other Program 4/ 305 450 315 315 Other 5/ 2,135 1,466 1,563 1,555 Mexico 2,130 1,451 1,548 1,540 Total Supply 14,361 13,899 13,990 13,858 Exports 306 165 200 200 Deliveries 12,246 12,004 12,010 12,010 Food 6/ 11,819 11,875 11,875 11,875 Other 7/ 427 129 135 135 Miscellaneous 0000 Total Use 12,552 12,169 12,210 12,210 Ending Stocks 1,810 1,730 1,780 1,648 Stocks to Use Ratio 14.4 14.2 14.6 13.5 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD ). 2/ Production projections for 2014/15 and 2015/16 are based on Crop Production and processo r projections where appropriate. 3/ For 2015/16, WTO raw sugar TRQ shortfall (99). For 2014/15, WTO raw sugar TRQ shortfall (31). 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ For 2013/14, other high-tier (5 ) and other (0). For 2014/15, other high-tier (15) and other (0). For 2015/16, other high-tier (15) and other (0). 6/Co mbines SMD deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar-containing products for reexport, and for nonedible alcohol, feed, and ethanol. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2014/15 Est. Aug 831 5,985 155 4,764 1,370 837 2014/15 Est. Sep 831 5,985 140 4,764 1,392 800 2015/16 Proj. Aug 837 6,000 155 4,825 1,335 833 2015/16 Proj. Sep 800 6,000 155 4,825 1,328 803 1/ HFCS imports by Mexico (1,000 metric tons, dry ba sis): Oct-Sep 2013/14 = 913, Oct-July 2013/14 = 745, Oct-July 2014/15 = 818 . Footnote source: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes domestic consumption, Mexico's products export program (IMMEX), and any residual statistical discrepancies. IMMEX: 2014/15 (324 est), 2015/16 (324 proj). Statistical Adjustment: 2014/15 (0), 2015/16 (0). September 2015 WASDE - 545 - 17 U.S. Cotton Supply and Use 1/ 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Aug Sep Filler Filler Filler Filler Filler Area Million Acres Planted 10.41 11.04 8.90 8.56 Harvested 7.54 9.35 7.89 8.17 Filler Pounds Yield per Harvested Acre 821 838 795 789 Million 480 Pound Bales Beginning Stocks 3.80 2.35 3.70 3.70 Production 12.91 16.32 13.08 13.43 Imports 0.01 0.01 0.01 0.01 Supply, Total 16.72 18.68 16.79 17.14 Domestic Use 3.55 3.58 3.70 3.70 Exports, Total 10.53 11.25 10.00 10.20 Use, Total 14.08 14.82 13.70 13.90 Unaccounted 2/ 0.29 0.16 -0.01 0.04 Ending Stocks 2.35 3.70 3.10 3.20 Avg. Farm Price 3/ 77.9 60.5 58.00 - 72.00 56.00 - 68.00 Total Note: Reliability calculations at end of report. 1/ Upland and extra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference be tween the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. September 2015 WASDE - 545 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 177.10 715.11 158.36 126.81 698.65 165.90 193.56 United States 19.54 58.11 4.71 6.20 34.29 32.00 16.07 Total Foreign 157.56 657.01 153.65 120.61 664.37 133.90 177.49 Major Exporters 4/ 20.80 217.75 4.58 56.90 139.61 76.17 27.35 Argentina 0.29 10.50 0.00 0.10 6.05 2.25 2.49 Australia 4.66 25.30 0.16 3.60 6.95 18.62 4.56 Canada 5.14 37.53 0.45 4.20 9.41 23.27 10.44 European Union 5/ 10.71 144.42 3.97 49.00 117.20 32.03 9.87 Major Importers 6/ 83.62 194.11 87.36 28.30 259.83 5.19 100.08 Brazil 1.00 5.30 7.07 0.60 11.40 0.08 1.89 China 53.96 121.93 6.77 16.00 116.50 0.89 65.27 Sel. Mideast 7/ 8.94 18.97 20.69 4.92 36.12 0.49 11.99 N. Africa 8/ 11.49 19.72 25.27 2.68 42.42 0.50 13.55 Pakistan 2.62 24.00 0.40 0.60 24.10 0.75 2.17 Southeast Asia 9/ 3.78 0.00 16.41 2.46 15.76 0.89 3.55 Selected Other India 24.20 93.51 0.03 4.80 93.85 6.05 17.83 FSU-12 13.92 103.87 7.41 22.75 72.94 37.15 15.12 Russia 4.95 52.09 0.80 12.50 34.10 18.57 5.18 Kazakhstan 2.94 13.94 0.01 2.00 6.80 8.10 1.99 Ukraine 2.58 22.28 0.07 3.40 11.50 9.76 3.67 2014/15 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 193.56 725.24 159.61 132.76 707.49 164.89 211.31 United States 16.07 55.13 4.07 3.26 31.53 23.25 20.48 Total Foreign 177.49 670.11 155.54 129.50 675.96 141.64 190.82 Major Exporters 4/ 27.35 221.91 6.65 62.55 146.73 81.71 27.46 Argentina 2.49 12.50 0.04 0.30 6.35 5.50 3.18 Australia 4.56 23.67 0.16 4.10 7.50 16.70 4.18 Canada 10.44 29.28 0.48 3.65 8.98 24.12 7.11 European Union 5/ 9.87 156.46 5.97 54.50 123.90 35.40 13.00 Major Importers 6/ 100.08 196.47 85.35 30.63 263.84 7.63 110.43 Brazil 1.89 6.00 6.00 0.30 11.10 1.70 1.09 China 65.27 126.17 1.93 17.00 118.00 0.80 74.57 Sel. Mideast 7/ 11.99 17.37 21.23 4.55 36.13 1.53 12.93 N. Africa 8/ 13.55 16.90 25.20 2.48 42.70 0.59 12.36 Pakistan 2.17 25.50 0.75 1.00 24.50 0.70 3.22 Southeast Asia 9/ 3.55 0.00 19.92 4.51 18.27 0.94 4.26 Selected Other India 17.83 95.85 0.05 4.50 93.13 3.40 17.20 FSU-12 15.12 112.73 7.67 24.60 75.84 40.70 18.97 Russia 5.18 59.08 0.33 13.00 35.50 22.80 6.28 Kazakhstan 1.99 13.00 0.60 2.00 6.80 6.00 2.78 Ukraine 3.67 24.75 0.03 4.00 12.00 11.27 5.18 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Austra lia, Canada, and the European Union. 5/ Trade excludes intra- trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Ph ilippines, Thailand, and Vietnam. September 2015 WASDE - 545 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Aug 209.66 726.55 155.07 136.10 714.74 156.21 221.47 Sep 211.31 731.61 156.24 138.08 716.36 157.58 226.56 United States Aug 20.48 58.13 3.40 5.44 33.72 25.17 23.12 Sep 20.48 58.13 3.40 5.44 33.72 24.49 23.81 Total Foreign Aug 189.17 668.41 151.67 130.66 681.02 131.04 198.34 Sep 190.82 673.48 152.84 132.64 682.64 133.08 202.75 Major Exporters 4/ Aug 25.37 211.42 7.14 63.80 147.33 73.00 23.61 Sep 27.46 216.13 6.67 64.80 148.33 74.50 27.43 Argentina Aug 3.18 11.10 0.03 0.10 6.15 5.50 2.66 Sep 3.18 11.00 0.03 0.10 6.15 5.50 2.56 Australia Aug 4.18 26.00 0.15 3.90 7.33 18.50 4.50 Sep 4.18 26.00 0.15 3.90 7.33 18.50 4.50 Canada Aug 4.80 26.50 0.46 3.80 9.00 18.00 4.76 Sep 7.11 25.00 0.49 3.80 9.00 18.00 5.59 European Union 5/ Aug 13.22 147.82 6.50 56.00 124.85 31.00 11.69 Sep 13.00 154.13 6.00 57.00 125.85 32.50 14.78 Major Importers 6/ Aug 110.70 203.42 82.87 29.07 265.57 6.32 125.10 Sep 110.43 202.92 84.00 29.62 266.53 6.36 124.45 Brazil Aug 1.09 6.50 6.50 0.60 11.50 1.00 1.59 Sep 1.09 6.00 7.00 0.60 11.50 1.00 1.59 China Aug 74.57 130.00 2.20 15.00 116.50 1.00 89.27 Sep 74.57 130.00 2.20 15.00 116.50 1.00 89.27 Sel. Mideast 7/ Aug 13.28 17.86 19.47 4.85 37.32 0.83 12.46 Sep 12.93 17.86 19.70 4.85 37.56 0.83 12.10 N. Africa 8/ Aug 12.44 19.56 25.30 2.88 44.13 0.63 12.55 Sep 12.36 19.56 25.60 2.88 44.33 0.63 12.57 Pakistan Aug 3.22 25.00 0.10 1.00 24.60 0.60 3.12 Sep 3.22 25.00 0.10 1.00 24.60 0.60 3.12 Southeast Asia 9/ Aug 4.24 0.00 19.10 3.94 18.23 0.89 4.23 Sep 4.26 0.00 19.20 4.49 18.75 0.94 3.77 Selected Other India Aug 17.20 90.00 0.80 4.80 95.80 0.30 11.90 Sep 17.20 88.94 0.80 4.80 94.74 0.30 11.90 FSU-12 Aug 19.09 115.03 7.09 25.33 77.63 42.41 21.18 Sep 18.97 117.03 7.09 25.83 78.13 42.91 22.06 Russia Aug 6.41 60.00 0.35 13.50 36.50 23.00 7.26 Sep 6.28 61.00 0.35 14.00 37.00 23.00 7.63 Kazakhstan Aug 2.78 14.00 0.03 2.00 6.80 6.00 4.01 Sep 2.78 14.00 0.03 2.00 6.80 6.00 4.01 Ukraine Aug 5.17 25.50 0.05 4.50 12.70 13.00 5.02 Sep 5.18 26.50 0.05 4.50 12.70 13.50 5.53 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Austra lia, Canada, and the European Union. 5/ Trade excludes intra- trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Ph ilippines, Thailand, and Vietnam. September 2015 WASDE - 545 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 168.83 1,281.83 156.10 737. 02 1,238.51 164.45 212.15 United States 23.53 367.09 3.23 133.71 305.05 54.49 34.31 Total Foreign 145.30 914.74 152.87 603.31 933.46 109.97 177.84 Major Exporters 4/ 21.75 174.75 1.82 81.03 111.15 56.45 30.72 Argentina 2.47 35.67 0.00 8.74 13.60 21.27 3.27 Australia 0.85 12.16 0.00 3.36 5.04 6.92 1.05 Brazil 14.56 82.60 1.11 48.28 58.03 20.98 19.26 Canada 3.02 28.75 0.54 15.14 22.37 5.29 4.65 Major Importers 5/ 33.52 249.77 112.99 259.12 341.58 10.97 43.73 European Union 6/ 13.08 158.98 16.24 122.36 164.11 8.63 15.57 Japan 0.98 0.19 17.50 12.88 17.64 0.00 1.03 Mexico 1.63 32.02 11.32 23.62 40.89 0.50 3.58 N. Afr & Mideast 7/ 9.93 31.12 30.66 50.38 57.94 0.30 13.46 Saudi Arabia 3.39 0.36 11.69 11.13 11.55 0.00 3.89 Southeast Asia 8/ 2.83 26.84 10.73 26.86 34.96 1.54 3.90 South Korea 1.29 0.20 10.50 7.80 10.11 0.00 1.88 Selected Other China 68.38 225.07 12.45 161.78 227.60 0.03 78.26 FSU-12 5.04 87.63 0.80 39.97 55.63 30.85 6.97 Russia 1.38 35.74 0.26 18.90 28.62 6.95 1.80 Ukraine 2.33 39.92 0.08 12.22 15.93 22.77 3.64 2014/15 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ ExportsEnding Stocks World 3/ 212.15 1,296.43 164.96 763. 59 1,276.16 175.87 232.42 United States 34.31 377.12 3.37 139.08 311.01 56.86 46.94 Total Foreign 177.84 919.31 161.59 624.51 965.15 119.01 185.48 Major Exporters 4/ 30.72 165.48 2.92 81.51 111.86 59.63 27.64 Argentina 3.27 33.53 0.01 9.17 14.33 19.61 2.87 Australia 1.05 11.66 0.00 2.79 4.46 7.43 0.83 Brazil 19.26 86.60 0.93 50.20 59.93 28.04 18.82 Canada 4.65 21.90 1.63 13.81 21.14 3.81 3.23 Major Importers 5/ 43.73 257.27 108.87 262.25 345.73 15.23 48.91 European Union 6/ 15.57 169.91 9.33 120.80 163.10 13.77 17.94 Japan 1.03 0.17 16.94 12.48 17.14 0.00 1.00 Mexico 3.58 32.33 11.25 24.42 41.94 0.51 4.71 N. Afr & Mideast 7/ 13.46 26.88 33.50 51.53 59.49 0.10 14.24 Saudi Arabia 3.89 0.36 11.85 11.55 12.03 0.00 4.07 Southeast Asia 8/ 3.90 27.30 11.62 29.29 37.29 0.85 4.67 South Korea 1.88 0.21 10.09 8.05 10.32 0.00 1.86 Selected Other China 78.26 222.17 24.45 174.40 242.45 0.05 82.38 FSU-12 6.97 91.45 0.84 41.83 57.99 33.36 7.91 Russia 1.80 40.39 0.16 21.08 31.44 8.36 2.54 Ukraine 3.64 39.35 0.06 11.55 15.19 24.16 3.69 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjust ed to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in som e countries. 4/ Argentina, Australia, Canada, Brazil, a nd South Africa. 5/ The European Union, Me xico, Japan, selected North Africa and Midd le East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes in tra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, M orocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2015 WASDE - 545 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Aug 232.26 1,276.74 160.68 770. 79 1,281.58 166.29 227.42 Sep 232.42 1,274.32 163.08 771. 61 1,281.92 167.54 224.83 United States Aug 47.96 368.21 3.06 140.44 313.79 58.28 47.16 Sep 46.94 365.69 3.06 139.80 313.29 58.28 44.13 Total Foreign Aug 184.31 908.53 157.62 630.35 967.79 108.01 180.26 Sep 185.48 908.63 160.02 631.80 968.63 109.26 180.70 Major Exporters 4/ Aug 28.72 164.09 3.02 84.80 115.41 55.17 25.25 Sep 27.64 164.99 2.82 84.85 115.54 55.37 24.53 Argentina Aug 2.77 33.46 0.01 9.62 15.08 19.11 2.05 Sep 2.87 33.46 0.01 9.62 15.08 19.11 2.15 Australia Aug 0.81 12.58 0.00 3.44 5.12 7.33 0.95 Sep 0.83 12.58 0.00 3.44 5.12 7.33 0.96 Brazil Aug 20.02 81.58 1.20 52.09 61.84 24.02 16.94 Sep 18.82 81.58 1.00 52.09 61.84 24.02 15.54 Canada Aug 3.23 22.40 1.71 14.03 21.36 3.20 2.78 Sep 3.23 23.30 1.71 14.08 21.48 3.40 3.35 Major Importers 5/ Aug 48.13 246.03 107.42 264.89 348.45 11.12 42.01 Sep 48.91 242.80 110.12 266.14 349.75 10.22 41.86 European Union 6/ Aug 17.95 151.92 15.36 119.53 161.83 9.81 13.59 Sep 17.94 148.59 16.36 119.23 161.53 8.81 12.55 Japan Aug 1.05 0.17 17.19 12.68 17.34 0.00 1.07 Sep 1.00 0.17 17.09 12.58 17.24 0.00 1.02 Mexico Aug 4.01 31.98 10.58 24.97 42.54 0.50 3.52 Sep 4.71 31.98 10.78 25.02 42.59 0.50 4.37 N. Afr & Mideast 7/ Aug 14.10 32.47 28.97 54.13 62.09 0.17 13.28 Sep 14.24 33.07 28.67 54.33 62.34 0.27 13.38 Saudi Arabia Aug 4.07 0.25 11.53 11.75 12.15 0.00 3.69 Sep 4.07 0.25 12.03 12.25 12.65 0.00 3.69 Southeast Asia 8/ Aug 4.68 28.91 9.32 29.56 37.67 0.64 4.60 Sep 4.67 28.41 10.72 30.46 38.57 0.64 4.59 South Korea Aug 1.86 0.20 10.09 8.04 10.32 0.00 1.84 Sep 1.86 0.20 10.09 8.04 10.32 0.00 1.84 Selected Other China Aug 82.18 231.50 21.25 173.13 243.48 0.08 91.38 Sep 82.38 231.50 21.25 173.13 243.48 0.08 91.58 FSU-12 Aug 7.93 87.06 0.82 42.43 58.61 30.99 6.20 Sep 7.91 89.71 0.82 41.93 58.16 32.94 7.33 Russia Aug 2.58 39.30 0.16 21.65 32.10 8.11 1.83 Sep 2.54 41.80 0.16 21.65 32.10 9.11 3.29 Ukraine Aug 3.65 36.43 0.06 11.30 14.81 22.18 3.14 Sep 3.69 36.78 0.06 10.90 14.46 23.18 2.88 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjust ed to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in som e countries. 4/ Argentina, Australia, Canada, Brazil, a nd South Africa. 5/ The European Union, Me xico, Japan, selected North Africa and Midd le East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes in tra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, M orocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2015 WASDE - 545 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 137.95 991.45 123.93 574.26 953.48 131.10 175.93 United States 20.86 351.27 0.91 128.04 292.97 48.78 31.29 Total Foreign 117.10 640.18 123.02 446.22 660.51 82.32 144.64 Major Exporters 4/ 16.12 120.98 0.86 57.20 75.30 40.03 22.64 Argentina 1.31 26.00 0.00 5.80 8.80 17.10 1.41 Brazil 14.15 80.00 0.79 46.00 55.00 20.97 18.97 South Africa 0.66 14.98 0.07 5.40 11.50 1.96 2.26 Major Importers 5/ 12.27 120.23 76.03 133.46 185.52 4.44 18.58 Egypt 1.08 5.80 8.73 11.00 13.20 0.00 2.40 European Union 6/ 5.15 64.62 15.92 58.00 76.50 2.40 6.78 Japan 0.52 0.00 15.12 10.70 15.10 0.00 0.55 Mexico 1.06 22.88 10.95 15.20 31.70 0.50 2.69 Southeast Asia 7/ 2.82 26.78 10.72 26.80 34.90 1.53 3.89 South Korea 1.27 0.08 10.41 7.76 9.89 0.00 1.86 Selected Other 0.00 Canada 1.55 14.19 0.51 7.52 12.70 1.95 1.60 China 67.57 218.49 3.28 154.00 212.00 0.02 77.32 FSU-12 2.00 46.90 0.46 18.37 21.14 24.81 3.42 Ukraine 1.19 30.90 0.07 8.30 9.70 20.00 2.45 2014/15 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 175.93 1,007.47 121.60 598.94 986.19 131.71 197.21 United States 31.29 361.09 0.76 134.63 301.51 47.63 44.01 Total Foreign 144.64 646.38 120.84 464.32 684.68 84.08 153.21 Major Exporters 4/ 22.64 121.80 0.86 59.50 77.80 45.70 21.79 Argentina 1.41 26.50 0.01 6.10 9.40 17.00 1.51 Brazil 18.97 84.00 0.60 48.00 57.00 28.00 18.57 South Africa 2.26 11.30 0.25 5.40 11.40 0.70 1.71 Major Importers 5/ 18.58 133.69 67.98 139.70 192.48 5.16 22.62 Egypt 2.40 5.96 7.50 11.50 13.90 0.01 1.95 European Union 6/ 6.78 75.29 9.00 59.00 78.00 3.80 9.27 Japan 0.55 0.00 14.70 10.40 14.70 0.00 0.55 Mexico 2.69 25.00 11.00 17.50 34.25 0.50 3.94 Southeast Asia 7/ 3.89 27.24 11.58 29.20 37.20 0.85 4.67 South Korea 1.86 0.08 10.00 8.00 10.10 0.00 1.84 Selected Other 0.00 Canada 1.60 11.49 1.50 7.50 12.80 0.50 1.29 China 77.32 215.67 5.50 157.00 217.00 0.03 81.46 FSU-12 3.42 43.47 0.47 18.72 21.54 22.70 3.12 Ukraine 2.45 28.45 0.05 8.00 9.40 19.50 2.05 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Braz il, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indone sia, Malaysia, Philippines, Thailand, and Vietnam. September 2015 WASDE - 545 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Aug 197.42 985.61 121.66 605.55 987.94 123.43 195.09 Sep 197.21 978.10 123.66 604.84 985.62 123.48 189.69 United States Aug 45.02 347.64 0.76 134.63 302.91 46.99 43.53 Sep 44.01 345.07 0.76 133.99 302.40 46.99 40.45 Total Foreign Aug 152.40 637.97 120.90 470.92 685.03 76.44 151.56 Sep 153.21 633.03 122.90 470.85 683.22 76.49 149.24 Major Exporters 4/ Aug 22.99 117.50 0.83 62.00 80.40 41.00 19.92 Sep 21.79 117.50 0.63 62.00 80.40 41.00 18.52 Argentina Aug 1.51 25.00 0.01 6.50 10.00 15.50 1.02 Sep 1.51 25.00 0.01 6.50 10.00 15.50 1.02 Brazil Aug 19.77 79.00 0.80 50.00 59.00 24.00 16.57 Sep 18.57 79.00 0.60 50.00 59.00 24.00 15.17 South Africa Aug 1.71 13.50 0.03 5.50 11.40 1.50 2.33 Sep 1.71 13.50 0.03 5.50 11.40 1.50 2.33 Major Importers 5/ Aug 21.99 120.82 71.70 140.45 193.38 3.15 18.00 Sep 22.62 116.07 74.30 140.40 193.33 2.15 17.51 Egypt Aug 1.95 6.00 8.00 12.10 14.50 0.01 1.44 Sep 1.95 6.00 8.00 12.10 14.50 0.01 1.44 European Union 6/ Aug 9.15 62.25 15.00 59.00 78.00 2.00 6.40 Sep 9.27 58.00 16.00 58.00 77.00 1.00 5.27 Japan Aug 0.55 0.00 14.80 10.50 14.80 0.00 0.55 Sep 0.55 0.00 14.80 10.50 14.80 0.00 0.55 Mexico Aug 3.44 23.50 10.30 17.15 33.95 0.50 2.79 Sep 3.94 23.50 10.50 17.20 34.00 0.50 3.44 Southeast Asia 7/ Aug 4.67 28.86 9.30 29.50 37.60 0.64 4.59 Sep 4.67 28.36 10.70 30.40 38.50 0.64 4.59 South Korea Aug 1.84 0.08 10.00 8.00 10.10 0.00 1.82 Sep 1.84 0.08 10.00 8.00 10.10 0.00 1.82 Selected Other Canada Aug 1.30 12.30 1.50 8.00 13.35 0.50 1.25 Sep 1.29 12.30 1.50 8.00 13.35 0.50 1.24 China Aug 81.26 225.00 3.00 157.00 219.00 0.05 90.21 Sep 81.46 225.00 3.00 157.00 219.00 0.05 90.41 FSU-12 Aug 3.35 43.96 0.49 19.84 22.71 21.68 3.41 Sep 3.12 43.76 0.49 19.14 22.01 22.63 2.74 Ukraine Aug 2.25 27.00 0.05 8.10 9.50 17.50 2.30 Sep 2.05 27.00 0.05 7.50 8.90 18.50 1.70 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to di fferences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and Sout h Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra- trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2015 WASDE - 545 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ 110.66 478.19 38.38 481.48 41.74 107.37 United States 1.16 6.12 0.73 3.98 3.01 1.03 Total Foreign 109.50 472.07 37.64 477.50 38.73 106.35 Major Exporters 4/ 39.61 161.86 0.63 134.66 30.64 36.81 India 25.44 106.54 0.00 99.18 10.15 22.65 Pakistan 0.50 6.70 0.03 2.60 3.20 1.43 Thailand 12.81 20.46 0.30 10.88 10.97 11.72 Vietnam 0.86 28.16 0.30 22.00 6.33 1.00 Major Importers 5/ 12.51 64.32 12.43 76.99 1.10 11.17 Brazil 0.53 8.30 0.55 7.90 0.82 0.66 European Union 6/ 1.19 1.94 1.53 3.25 0.24 1.16 Indonesia 6.48 36.30 1.23 38.50 0.00 5.50 Nigeria 0.89 2.77 2.80 5.80 0.00 0.66 Philippines 1.49 11.86 1.20 12.85 0.00 1.70 Sel. Mideast 7/ 1.50 1.95 3.96 6.12 0.00 1.29 Selected Other 0.00 Burma 0.55 11.96 0.00 10.45 1.69 0.37 C. Amer & Carib 8/ 0.52 1.72 1.41 3.16 0.01 0.48 China 46.83 142.53 4.02 146.30 0.26 46.81 Egypt 0.43 4.75 0.03 4.00 0.60 0.60 Japan 2.86 7.94 0.66 8.29 0.06 3.11 Mexico 0.19 0.13 0.69 0.86 0.00 0.15 South Korea 0.78 4.23 0.31 4.42 0.00 0.90 2014/15 Est. Beginning Stocks Production ImportsTotal /2 Domestic ExportsEnding Stocks World 3/ 107.37 478.57 40.94 484.12 42.58 101.82 United States 1.03 7.07 0.78 4.12 3.21 1.55 Total Foreign 106.35 471.50 40.16 480.00 39.38 100.27 Major Exporters 4/ 36.81 158.52 0.73 135.85 30.70 29.51 India 22.65 104.80 0.00 99.25 11.50 16.70 Pakistan 1.43 6.90 0.03 2.80 4.00 1.56 Thailand 11.72 18.75 0.30 11.70 9.00 10.07 Vietnam 1.00 28.07 0.40 22.10 6.20 1.17 Major Importers 5/ 11.17 64.72 14.72 78.35 1.31 10.95 Brazil 0.66 8.50 0.50 7.90 1.00 0.76 European Union 6/ 1.16 1.88 1.63 3.27 0.28 1.13 Indonesia 5.50 36.30 1.25 38.60 0.00 4.45 Nigeria 0.66 2.84 4.00 6.40 0.00 1.09 Philippines 1.70 11.88 1.70 13.20 0.00 2.08 Sel. Mideast 7/ 1.29 1.98 4.21 6.26 0.00 1.22 Selected Other 0.00 Burma 0.37 12.60 0.00 10.55 2.00 0.42 C. Amer & Carib 8/ 0.48 1.75 1.54 3.29 0.01 0.46 China 46.81 144.50 4.40 148.40 0.40 46.91 Egypt 0.60 4.53 0.03 4.00 0.25 0.91 Japan 3.11 7.84 0.70 8.31 0.08 3.26 Mexico 0.15 0.16 0.70 0.89 0.00 0.12 South Korea 0.90 4.24 0.47 4.45 0.00 1.16 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in so me countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Braz il, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Ira q, and Saudi Arabia. 8/ Central American and Caribbean countri es. September 2015 WASDE - 545 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ Aug 100.02 478.65 39.61 487.82 41.86 90.85 Sep 101.82 475.76 39.79 487.42 41.67 90.16 United States Aug 1.53 6.51 0.81 4.11 3.40 1.35 Sep 1.55 6.02 0.81 3.98 3.08 1.32 Total Foreign Aug 98.49 472.14 38.80 483.72 38.46 89.50 Sep 100.27 469.74 38.98 483.44 38.59 88.84 Major Exporters 4/ Aug 27.78 157.10 0.82 136.05 29.70 19.95 Sep 29.51 157.10 0.82 136.25 30.20 20.98 India Aug 15.30 104.00 0.00 99.20 8.50 11.60 Sep 16.70 104.00 0.00 99.20 9.00 12.50 Pakistan Aug 1.56 6.90 0.02 2.85 4.00 1.63 Sep 1.56 6.90 0.02 2.85 4.00 1.63 Thailand Aug 10.07 18.00 0.30 12.00 10.20 6.17 Sep 10.07 18.00 0.30 12.00 10.20 6.17 Vietnam Aug 0.85 28.20 0.50 22.00 7.00 0.55 Sep 1.17 28.20 0.50 22.20 7.00 0.67 Major Importers 5/ Aug 10.95 64.94 13.52 78.20 1.18 10.03 Sep 10.95 64.20 13.72 78.20 1.18 9.49 Brazil Aug 0.76 8.00 0.70 7.95 0.90 0.61 Sep 0.76 8.00 0.70 7.95 0.90 0.61 European Union 6/ Aug 1.13 1.92 1.55 3.28 0.23 1.09 Sep 1.13 1.93 1.55 3.28 0.23 1.10 Indonesia Aug 4.45 36.65 1.10 38.65 0.00 3.55 Sep 4.45 36.30 1.30 38.65 0.00 3.40 Nigeria Aug 1.09 2.71 3.00 6.00 0.00 0.80 Sep 1.09 2.71 3.00 6.00 0.00 0.80 Philippines Aug 2.08 12.40 1.30 13.25 0.00 2.53 Sep 2.08 12.00 1.30 13.25 0.00 2.13 Sel. Mideast 7/ Aug 1.22 1.86 4.50 6.35 0.00 1.23 Sep 1.22 1.86 4.50 6.35 0.00 1.23 Selected Other Burma Aug 0.42 12.80 0.00 10.60 2.20 0.42 Sep 0.42 12.20 0.00 10.50 1.80 0.32 C. Amer & Carib 8/ Aug 0.46 1.68 1.61 3.30 0.01 0.44 Sep 0.46 1.68 1.61 3.30 0.01 0.44 China Aug 46.91 146.00 4.70 151.00 0.40 46.21 Sep 46.91 145.50 4.70 151.00 0.40 45.71 Egypt Aug 0.91 4.60 0.03 4.00 0.40 1.13 Sep 0.91 4.00 0.03 4.00 0.40 0.53 Japan Aug 3.26 7.90 0.70 8.38 0.08 3.41 Sep 3.26 7.90 0.70 8.38 0.08 3.41 Mexico Aug 0.12 0.17 0.79 0.91 0.00 0.15 Sep 0.12 0.17 0.79 0.91 0.00 0.15 South Korea Aug 1.16 4.00 0.41 4.36 0.00 1.21 Sep 1.16 4.00 0.41 4.36 0.00 1.21 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indone sia, Hong Kong, Cote d'Ivoire, N igeria, Philippines, selected Middle East, and the EU-28. 6/ Trade exclude s intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. September 2015 WASDE - 545 - 26 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2013/14 Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World 91.80 120.46 41.31 110.08 40.87 -0.38 103.00 United States 3.80 12.91 0.01 3.55 10.53 0.29 2.35 Total Foreign 88.00 107.55 41.29 106.53 30.34 -0.68 100.65 Major Exporters 4/ 27.41 57.03 1.36 32.11 26.59 -0.83 27.93 Central Asia 5/ 4.20 6.60 3 / 2.35 5.05 0.00 3.40 Afr. Fr. Zone 6/ 1.30 4.36 3 / 0.15 4.13 0.00 1.38 S. Hemis 7/ 9.78 14.04 0.29 5.26 7.76 -0.34 11.42 Australia 2.40 4.10 3 / 0.04 4.85 -0.20 1.81 Brazil 5.80 8.00 0.15 4.20 2.23 -0.15 7.67 India 11.80 31.00 0.68 23.35 9.26 -0.50 11.37 Major Importers 8/ 58.77 47.23 37.58 69.98 2.64 0.15 70.81 Mexico 0.65 0.93 1.04 1.85 0.16 0.03 0.58 China 50.36 32.75 14.12 34.50 0.03 0.00 62.71 European Union 9/ 0.55 1.60 0.87 0.85 1.60 0.03 0.53 Turkey 1.32 2.30 4.25 6.30 0.20 0.00 1.36 Pakistan 2.71 9.50 1.20 10.40 0.51 0.03 2.48 Indonesia 0.54 0.03 2.99 3.05 0.01 0.00 0.50 Thailand 0.24 3 / 1.55 1.55 0.00 0.03 0.22 Bangladesh 1.17 0.12 5.30 5.30 0.00 0.01 1.27 Vietnam 0.49 0.01 3.20 3.20 0.00 0.00 0.50 2014/15 Est. Beginning Stocks Production ImportsDomestic Use ExportsLoss /2 Ending Stocks World 103.00 118.94 36.01 111.53 35.41 0.09 110.91 United States 2.35 16.32 0.01 3.58 11.25 0.16 3.70 Total Foreign 100.65 102.62 35.99 107.96 24.16 -0.07 107.21 Major Exporters 4/ 27.93 52.55 1.70 32.60 20.61 -0.23 29.19 Central Asia 5/ 3.40 6.23 3 / 2.46 4.69 0.00 2.48 Afr. Fr. Zone 6/ 1.38 4.98 3 / 0.14 4.52 0.00 1.70 S. Hemis 7/ 11.42 11.02 0.16 4.64 7.05 -0.24 11.14 Australia 1.81 2.30 3 / 0.04 2.39 -0.10 1.78 Brazil 7.67 7.00 0.02 3.60 3.91 -0.15 7.33 India 11.37 29.50 1.20 24.50 4.00 0.00 13.57 Major Importers 8/ 70.81 46.94 32.21 70.98 2.60 0.15 76.22 Mexico 0.58 1.37 0.83 1.85 0.18 0.03 0.73 China 62.71 30.00 8.28 34.00 0.07 0.00 66.92 European Union 9/ 0.53 1.63 0.87 0.87 1.62 0.03 0.51 Turkey 1.36 3.20 3.68 6.40 0.24 0.00 1.60 Pakistan 2.48 10.60 0.90 10.60 0.48 0.03 2.88 Indonesia 0.50 0.02 3.50 3.40 0.01 0.00 0.61 Thailand 0.22 3 / 1.47 1.45 0.00 0.03 0.21 Bangladesh 1.27 0.12 5.40 5.50 0.00 0.01 1.28 Vietnam 0.50 0.01 4.40 4.05 0.00 0.00 0.85 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing ch annel; for Australia, Brazil, China, and the United States, refl ects the difference between implicit stocks based on supply less total use and indicated ending st ocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzst an, Tajikistan, Turkmenistan, an d Uzbekistan. 6/ Benin, Burkino Faso, Came roon, Central African Republic, Chad, Cote d' Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Para guay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regi ons listed, includes Hong Kong, Japan, Russi a, South Korea, and Taiwan. 9/ Includes intra-EU trade. September 2015 WASDE - 545 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2015/16 Proj. Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World Aug 110.71 108.99 34.54 114.65 34.52 -0.11 105.19 Sep 110.91 108.74 34.24 113.44 34.26 -0.07 106.26 United States Aug 3.70 13.08 0.01 3.70 10.00 -0.01 3.10 Sep 3.70 13.43 0.01 3.70 10.20 0.04 3.20 Total Foreign Aug 107.01 95.91 34.53 110.95 24.52 -0.11 102.09 Sep 107.21 95.31 34.23 109.74 24.06 -0.11 103.06 filler filler filler filler filler filler filler Major Exporters 4/ Aug 28.86 51.07 1.64 34.26 21.16 -0.23 26.37 Sep 29.19 50.67 1.64 33.56 20.70 -0.23 27.46 Central Asia 5/ Aug 2.52 5.95 3 / 2.52 3.78 0.00 2.17 Sep 2.48 5.95 3 / 2.52 3.78 0.00 2.13 Afr. Fr. Zone 6/ Aug 1.70 4.56 3 / 0.14 4.62 0.00 1.50 Sep 1.70 4.56 3 / 0.14 4.62 0.00 1.50 S. Hemis 7/ Aug 10.73 10.95 0.24 4.80 7.27 -0.24 10.08 Sep 11.14 10.55 0.24 4.40 7.11 -0.24 10.65 Australia Aug 1.67 2.20 3 / 0.04 2.60 -0.10 1.34 Sep 1.78 2.20 3 / 0.04 2.50 -0.10 1.54 Brazil Aug 7.03 7.00 0.10 3.75 3.80 -0.15 6.73 Sep 7.33 6.70 0.10 3.35 3.80 -0.15 7.13 India Aug 13.57 29.00 0.95 26.00 5.20 0.00 12.32 Sep 13.57 29.00 0.95 25.70 4.90 0.00 12.92 filler filler filler filler filler filler filler Major Importers 8/ Aug 76.30 41.69 30.64 72.22 2.40 0.12 73.90 Sep 76.22 41.49 30.34 71.72 2.40 0.12 73.82 Mexico Aug 0.73 1.05 0.90 1.90 0.15 0.03 0.61 Sep 0.73 1.05 0.90 1.90 0.15 0.03 0.61 China Aug 66.88 26.00 5.75 34.00 0.05 0.00 64.58 Sep 66.92 26.00 5.75 34.00 0.05 0.00 64.62 European Union 9/ Aug 0.51 1.49 0.85 0.88 1.45 0.03 0.49 Sep 0.51 1.49 0.85 0.88 1.45 0.03 0.49 Turkey Aug 1.68 2.80 3.80 6.50 0.23 0.00 1.55 Sep 1.60 2.80 3.80 6.40 0.23 0.00 1.57 Pakistan Aug 2.88 10.20 1.15 10.90 0.50 0.03 2.80 Sep 2.88 10.00 1.15 10.80 0.50 0.03 2.70 Indonesia Aug 0.61 0.02 3.40 3.40 0.01 0.00 0.63 Sep 0.61 0.02 3.20 3.20 0.01 0.00 0.63 Thailand Aug 0.24 3 / 1.55 1.50 0.00 0.03 0.26 Sep 0.21 3 / 1.45 1.40 0.00 0.03 0.24 Bangladesh Aug 1.28 0.13 5.55 5.65 0.00 0.01 1.30 Sep 1.28 0.13 5.55 5.65 0.00 0.01 1.30 Vietnam Aug 0.85 3 / 4.85 4.65 0.00 0.00 1.06 Sep 0.85 3 / 4.85 4.65 0.00 0.00 1.06 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects co tton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks ba sed on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan , Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Be nin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. September 2015 WASDE - 545 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Domestic CrushDomestic TotalExports Ending Stocks World 2/ 56.17 283.15 111.28 241.08 275.25 112.64 62.70 United States 3.83 91.39 1.95 47.19 50.09 44.57 2.50 Total Foreign 52.34 191.76 109.33 193.89 225.16 68.07 60.20 Major Exporters 3/ 36.46 151.69 0.63 76.47 84.04 62.66 42.09 Argentina 20.96 53.50 0.00 36.17 40.57 7.84 26.05 Brazil 15.33 86.70 0.61 36.86 39.86 46.83 15.95 Paraguay 0.13 8.19 0.01 3.35 3.45 4.80 0.07 Major Importers 4/ 13.33 14.73 96.22 91.39 108.45 0.30 15.51 China 12.38 12.20 70.36 68.85 80.30 0.22 14.43 European Union 0.30 1.21 12.99 13.44 14.20 0.06 0.25 Japan 0.18 0.20 2.89 1.97 3.05 0.00 0.23 Mexico 0.10 0.24 3.84 4.03 4.07 0.00 0.12 2014/15 Est. Beginnin g Stock s Productio n Import sDomesti c CrushDomesti c Total Export s Endin g Stock s World 2/ 62.70 319.37 119.82 259.64 298.28 124.88 78.73 United States 2.50 108.01 0.90 50.89 55.76 49.94 5.71 Total Foreign 60.20 211.35 118.92 208.75 242.52 74.94 73.01 Major Exporters 3/ 42.09 167.20 0.30 82.78 91.11 67.43 51.05 Argentina 26.05 60.80 0.00 39.48 44.48 9.60 32.78 Brazil 15.95 94.50 0.28 39.40 42.55 50.00 18.17 Paraguay 0.07 8.40 0.01 3.70 3.80 4.60 0.08 Major Importers 4/ 15.51 15.45 103.84 97.78 115.46 0.37 18.96 China 14.43 12.35 77.00 74.20 86.05 0.18 17.55 European Union 0.25 1.69 13.45 13.90 14.72 0.12 0.54 Japan 0.23 0.23 2.90 2.05 3.12 0.00 0.23 Mexico 0.12 0.36 4.03 4.28 4.32 0.00 0.18 2015/16 Proj. Beginnin g Stock s Productio n Import s Domesti c CrushDomesti c TotalExport s Endin g Stock s World 2/ Aug 80.57 320.05 123.30 271.61 309.86 127.18 86.88 Sep 78.73 319.61 123.22 271.79 310.10 126.48 84.98 United States Aug 6.53 106.59 0.82 50.62 54.21 46.95 12.78 Sep 5.71 107.10 0.82 50.89 54.43 46.95 12.26 Total Foreign Aug 74.04 213.46 122.49 220.99 255.65 80.23 74.10 Sep 73.01 212.51 122.40 220.90 255.67 79.53 72.72 Major Exporters 3/ Aug 51.89 166.30 0.26 85.35 93.80 72.13 52.52 Sep 51.05 166.30 0.27 85.35 93.86 72.08 51.69 Argentina Aug 33.45 57.00 0.00 41.50 46.60 9.75 34.10 Sep 32.78 57.00 0.00 41.50 46.60 9.75 33.43 Brazil Aug 18.32 97.00 0.25 39.55 42.77 54.50 18.30 Sep 18.17 97.00 0.25 39.55 42.77 54.50 18.15 Paraguay Aug 0.08 8.80 0.01 4.10 4.20 4.60 0.09 Sep 0.08 8.80 0.01 4.10 4.20 4.60 0.09 Major Importers 4/ Aug 18.97 14.86 106.15 103.86 122.05 0.33 17.59 Sep 18.96 14.86 106.15 103.86 122.05 0.33 17.59 China Aug 17.55 11.50 79.00 79.50 91.70 0.20 16.15 Sep 17.55 11.50 79.00 79.50 91.70 0.20 16.15 European Union Aug 0.55 1.95 13.50 14.50 15.33 0.10 0.57 Sep 0.54 1.95 13.50 14.50 15.33 0.10 0.56 Japan Aug 0.23 0.22 2.85 1.97 3.05 0.00 0.25 Sep 0.23 0.22 2.85 1.97 3.05 0.00 0.25 Mexico Aug 0.18 0.36 4.05 4.35 4.39 0.00 0.20 Sep 0.18 0.36 4.05 4.35 4.39 0.00 0.20 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October-September year. 2/ World i mports and exports may not balance due to differences in local marke ting years and to time lags betw een reported exports and imports. Therefore, world supply may not equal world us e. 3/ Argentina, Brazil, Paraguay, and Ur uguay. 4/ China, European Union, Japan , Mexico, and Southeast Asia (inc ludes Indonesia, Malaysia, Philippi nes, Vietnam, and Thailand). September 2015 WASDE - 545 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 9.69 189.37 57.86 186.26 60.03 10.63 United States 0.25 36.91 0.35 26.81 10.47 0.23 Total Foreign 9.44 152.46 57.51 159.45 49.55 10.41 Major Exporters 3/ 6.99 63.07 0.03 20.70 41.66 7.73 Argentina 3.54 27.89 0.00 2.00 24.97 4.46 Brazil 3.10 28.54 0.03 14.65 13.95 3.07 India 0.35 6.64 0.01 4.05 2.74 0.20 Major Importers 4/ 1.00 14.55 33.88 47.77 0.36 1.30 European Union 0.12 10.61 18.18 28.44 0.30 0.17 Southeast Asia 5/ 0.79 2.44 13.72 15.95 0.06 0.95 2014/15 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 10.63 204.76 61.44 201.17 64.00 11.67 United States 0.23 40.69 0.32 29.12 11.84 0.27 Total Foreign 10.41 164.07 61.13 172.05 52.16 11.40 Major Exporters 3/ 7.73 66.82 0.03 22.16 44.33 8.10 Argentina 4.46 30.40 0.00 2.22 28.50 4.14 Brazil 3.07 30.50 0.03 15.25 14.70 3.64 India 0.20 5.92 0.01 4.69 1.13 0.32 Major Importers 4/ 1.30 15.16 36.70 51.14 0.41 1.61 European Union 0.17 10.98 19.55 30.04 0.34 0.32 Southeast Asia 5/ 0.95 2.63 15.40 17.78 0.07 1.13 2015/16 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Aug 11.70 214.11 62.97 211.28 66.21 11.28 Sep 11.67 214.22 64.14 212.70 66.23 11.08 United States Aug 0.27 40.12 0.30 29.85 10.57 0.27 Sep 0.27 40.30 0.30 30.03 10.57 0.27 Total Foreign Aug 11.43 173.99 62.67 181.44 55.64 11.01 Sep 11.40 173.91 63.84 182.68 55.66 10.81 Major Exporters 3/ Aug 8.24 70.07 0.03 23.16 47.43 7.76 Sep 8.10 70.07 0.03 23.16 47.43 7.62 Argentina Aug 4.28 32.18 0.00 2.50 30.20 3.76 Sep 4.14 32.18 0.00 2.50 30.20 3.62 Brazil Aug 3.64 30.61 0.03 15.40 15.20 3.68 Sep 3.64 30.61 0.03 15.40 15.20 3.68 India Aug 0.32 7.28 0.01 5.26 2.03 0.33 Sep 0.32 7.28 0.01 5.26 2.03 0.33 Major Importers 4/ Aug 1.56 15.76 38.30 53.59 0.48 1.55 Sep 1.61 15.76 38.65 54.04 0.48 1.50 European Union Aug 0.32 11.46 20.30 31.34 0.40 0.33 Sep 0.32 11.46 20.30 31.39 0.40 0.28 Southeast Asia 5/ Aug 1.08 2.80 16.15 18.92 0.08 1.04 Sep 1.13 2.80 16.50 19.32 0.08 1.04 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Japa n. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. September 2015 WASDE - 545 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 3.75 44.98 9.35 45.34 9.39 3.35 United States 0.77 9.13 0.08 8.60 0.85 0.53 Total Foreign 2.98 35.85 9.28 36.74 8.54 2.83 Major Exporters 3/ 0.86 16.41 0.33 10.46 6.24 0.90 Argentina 0.26 6.79 0.01 2.73 4.09 0.24 Brazil 0.40 7.07 0.00 5.77 1.38 0.33 European Union 0.20 2.55 0.33 1.97 0.77 0.34 Major Importers 4/ 1.41 14.22 4.59 18.68 0.22 1.32 China 1.02 12.34 1.35 13.66 0.09 0.96 India 0.25 1.48 1.83 3.30 0.00 0.26 North Africa 5/ 0.14 0.41 1.40 1.72 0.13 0.11 2014/15 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 3.35 48.38 10.03 47.52 10.74 3.51 United States 0.53 9.66 0.11 8.66 0.93 0.71 Total Foreign 2.83 38.72 9.92 38.85 9.81 2.80 Major Exporters 3/ 0.90 17.74 0.33 10.79 7.31 0.87 Argentina 0.24 7.53 0.03 2.65 4.93 0.21 Brazil 0.33 7.57 0.00 6.12 1.48 0.30 European Union 0.34 2.64 0.30 2.02 0.90 0.36 Major Importers 4/ 1.32 15.05 5.11 19.99 0.23 1.25 China 0.96 13.28 0.90 14.19 0.10 0.85 India 0.26 1.32 2.65 3.90 0.00 0.32 North Africa 5/ 0.11 0.45 1.56 1.90 0.13 0.09 2015/16 Proj. Beginnin g Stock s Productio n Import s Domest i c TotalExport s Endin g Stock s World 2/ Aug 3.56 50.66 10.15 49.91 10.87 3.60 Sep 3.51 50.70 10.25 49.98 11.02 3.46 United States Aug 0.69 9.75 0.09 8.80 0.91 0.83 Sep 0.71 9.80 0.09 8.89 0.91 0.81 Total Foreign Aug 2.87 40.91 10.06 41.11 9.96 2.77 Sep 2.80 40.89 10.16 41.09 10.11 2.65 Major Exporters 3/ Aug 1.01 18.21 0.17 11.07 7.39 0.92 Sep 0.87 18.21 0.17 10.96 7.49 0.79 Argentina Aug 0.24 7.86 0.02 2.77 5.10 0.25 Sep 0.21 7.86 0.02 2.66 5.20 0.23 Brazil Aug 0.41 7.59 0.00 6.23 1.39 0.38 Sep 0.30 7.59 0.00 6.23 1.39 0.27 European Union Aug 0.36 2.76 0.15 2.07 0.90 0.30 Sep 0.36 2.76 0.15 2.07 0.90 0.30 Major Importers 4/ Aug 1.20 16.34 5.38 21.60 0.22 1.10 Sep 1.25 16.34 5.38 21.65 0.22 1.10 China Aug 0.85 14.23 0.95 15.24 0.08 0.71 Sep 0.85 14.23 0.95 15.24 0.08 0.71 India Aug 0.27 1.63 2.80 4.40 0.00 0.30 Sep 0.32 1.63 2.80 4.45 0.00 0.30 North Africa 5/ Aug 0.09 0.48 1.63 1.96 0.14 0.09 Sep 0.09 0.48 1.63 1.96 0.14 0.09 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Brazil and European Uni on. 4/ China, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. September 2015 WASDE - 545 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Mea t 2/Broiler Turkey Total Poultry 3 /Red Meat & PoultryEgg Milk Million Pounds Mil doz Bil lbs 2014 III 6,179 5,424 11,663 9,835 1, 478 11,448 23,111 2,099 51.2 IV 6,021 6,131 12,212 9,814 1, 517 11,459 23,671 2,139 51.0 Annual 24,252 22,843 47,345 38,550 5, 756 44,827 92,171 8,335 206.0 2015 I 5,664 6,161 11,883 9,717 1, 429 11,273 23,156 2,059 51.9 II 5,855 5,925 11,839 10,020 1, 389 11,541 23,380 1,968 53.7 III* 6,005 5,935 11,995 10,225 1, 350 11,710 23,705 1,905 51.7 IV* 6,025 6,505 12,590 10,050 1, 400 11,575 24,165 1,980 51.6 Annual Aug Proj. 23,759 24,581 48,575 40,245 5, 632 46,396 94,971 7,972 208.8 Sep Proj. 23,549 24,526 48,307 40,012 5, 568 46,099 94,406 7,912 208.9 2016 I* 5,925 6,115 12,096 9,975 1, 350 11,450 23,546 1,975 53.3 II* 6,530 5,845 12,432 10,275 1, 500 11,915 24,347 2,005 54.4 Annual Aug Proj. 24,835 24,705 49,773 41,375 6, 010 47,925 97,698 8,141 213.0 Sep Proj. 24,930 24,705 49,864 41,100 6, 010 47,650 97,514 8,141 213.0 * Projection. 1/ Commercial produc tion for red meats; federally inspected for poultr y meats. 2/ Beef, pork, veal and lamb & mut ton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/Barrows and gilts 3/Broilers 4/Turkeys 5/Eggs 6/Milk 7/ Dol./cw t Dol./cw t Cents/lb. Cents/lb. Cents/doz. Dol./cw t 2014 III 158.49 83.30 104.6 110.2 129.3 24.40 IV 165.60 66.74 102.8 113.9 162.7 22.77 Annual 154.56 76.03 104.9 107.6 142.3 23.97 2015 I 162.43 48.47 97.0 99.6 146.9 17.00 II 158.11 53.20 104.2 108.5 170.3 16.70 III* 144-147 53-54 83-84 124-127 237-242 16.90-17.10 IV* 145-153 45-47 84-88 129-135 239-251 16.60-17.10 Annual Aug Proj. 154-158 49-50 95-97 115-117 199-203 16.75-16.95 Sep Proj. 152-155 50-51 92-93 115-117 199-202 16.80-17.00 2016 I* 145-157 46-50 88-96 110-120 187-203 15.60-16.40 II* 148-160 49-53 90-98 112-122 168-182 15.45-16.45 Annual Aug Proj. 150-162 46-49 94-102 110-119 164-178 16.40-17.40 Sep Proj. 147-159 46-49 90-98 110-119 164-178 16.10-17.10 *Projection. 1/ Simple average of months. 2/ 5-Area, Direct, Total all grades 3/ Na tional Base, Live equiv 51-52% lean. 4/ Whol esale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. September 2015 WASDE - 545 - 32 U.S. Meats Supply and Use Item Beginning stocksProduction 1/ ImportsTotal Supply ExportsEnding StocksTotal UsePer Capita 2/ 3/ Million Pounds /4 Beef 2014 584 24,320 2,947 27,850 2,573 591 24,687 54.1 2015 Proj. Aug 591 23,824 3,467 27,882 2,362 560 24,960 54.4 Sep 591 23,614 3,437 27,642 2,307 560 24,775 53.9 2016 Proj. Aug 560 24,899 3,020 28,479 2,485 560 25,434 55.1 Sep 560 24,994 3,045 28,599 2,485 560 25,554 55.2 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2014 618 22,861 1,008 24,486 4,857 560 19,070 46.4 2015 Proj. Aug 560 24,599 1,097 26,256 4,999 650 20,607 49.8 Sep 560 24,544 1,097 26,201 4,999 650 20,552 49.6 2016 Proj. Aug 650 24,723 1,000 26,373 5,225 650 20,498 49.2 Sep 650 24,723 1,000 26,373 5,225 650 20,498 49.1 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2014 1,230 47,441 4,149 52,820 7,436 1,191 44,194 101.7 2015 Proj. Aug 1,191 48,668 4,765 54,625 7,368 1,248 46,008 105.4 Sep 1,191 48,400 4,725 54,317 7,311 1,248 45,757 104.7 2016 Proj. Aug 1,248 49,866 4,210 55,324 7,721 1,247 46,356 105.4 Sep 1,248 49,957 4,235 55,440 7,721 1,247 46,472 105.5 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2014 669 38,137 117 38,923 7,301 680 30,942 83.3 2015 Proj. Aug 680 39,814 120 40,615 6,843 725 33,047 88.4 Sep 680 39,584 120 40,384 6,718 765 32,902 87.9 2016 Proj. Aug 725 40,932 116 41,773 7,215 685 33,873 90.0 Sep 765 40,660 116 41,541 7,150 685 33,706 89.4 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2014 237 5,756 29 6,022 805 193 5,023 15.7 2015 Proj. Aug 193 5,632 35 5,860 542 200 5,118 15.9 Sep 193 5,568 36 5,797 542 190 5,065 15.8 2016 Proj. Aug 200 6,010 28 6,238 740 250 5,248 16.2 Sep 190 6,010 28 6,228 740 250 5,238 16.2 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2014 912 44,414 148 45,474 8,216 877 36,381 100.3 2015 Proj. Aug 877 45,965 156 46,998 7,516 929 38,553 105.5 Sep 877 45,670 157 46,704 7,393 959 38,352 104.9 2016 Proj. Aug 929 47,482 146 48,557 8,087 939 39,531 107.5 Sep 959 47,210 146 48,315 8,022 939 39,354 106.8 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2014 2,142 91,855 4,297 98,294 15,652 2,067 80,574 202.0 2015 Proj. Aug 2,067 94,633 4,922 101,622 14,884 2,177 84,561 210.9 Sep 2,067 94,071 4,883 101,021 14,704 2,207 84,109 209.6 2016 Proj. Aug 2,177 97,348 4,356 103,881 15,808 2,186 85,887 212.9 Sep 2,207 97,167 4,381 103,755 15,743 2,186 85,826 212.3 1/ Total including farm production for red meats and, for pou ltry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis for red meat and broilers; certified ready-to-cook weight for turkey. 3/ Population source: Dept. of Commerce, Ce nsus Bureau. 4/ Carcass weight for re d meats and certified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutt on. 6/ Broilers, turkeys and mature chicken. September 2015 WASDE - 545 - 33 U.S. Egg Supply and Use Commodity 2013 2014 2015 Proj. 2015 Proj. 2016 Proj. 2016 Proj. Aug Sep Aug Sep Eggs Million Dozen Supply Beginning Stocks 20.8 23.0 23.3 23.3 18.0 18.0 Production 8,144.6 8,334.8 7,972.0 7 ,912.0 8,141.0 8,141.0 Imports 16.9 34.7 41.8 45.8 48.0 48.0 Total Supply 8,182.3 8,392.4 8,037.1 7 ,981.1 8,207.0 8,207.0 Use Exports 371.8 393.8 326.7 316.7 370.0 350.0 Hatching Use 964.8 980.7 1,004.3 1,004.3 1,020.0 1,020.0 Ending Stocks 23.0 23.3 18.0 18.0 20.0 20.0 Disappearance Total 6,822.6 6,994.6 6,688.1 6 ,642.1 6,797.0 6,817.0 Per Capita (number) 258.4 263.0 249.9 247.9 252.3 252.6 Total U.S. Milk Supply and Use Commodity 2013 2014 2015 Proj. 2015 Proj. 2016 Proj. 2016 Proj. Aug Sep Aug Sep Milk Billion Pounds Production 201.2 206.0 208.8 208.9 213.0 213.0 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 12.2 11.2 11.2 11.2 12.0 12.1 Marketings 200.3 205.1 207.8 207.9 212.1 212.1 Imports 3.7 4.3 5.7 5.9 5.4 5.7 Total Cml. Supply 216.2 220.6 224.8 225.0 229.4 229.9 Fat Basis Use Commercial Exports 12.4 12.4 9.8 9.1 10.7 10.0 Ending Commercial Stocks 11.2 11.2 12.0 12.1 12.0 12.1 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 192.6 196.9 203.0 203.8 206.7 207.8 Skim-solid Basis Supply Beg. Commercial Stocks 12.4 11.7 13.1 13.1 13.1 13.2 Marketings 200.3 205.1 207.8 207.9 212.1 212.1 Imports 5.3 5.6 6.6 6.6 6.4 6.4 Total Cml. Supply 217.9 222.4 227.6 227.7 231.5 231.6 Skim-solid Basis Use Commercial Exports 38.6 39.1 39.5 38.6 39.7 39.5 Ending Commercial Stocks 11.7 13.1 13.1 13.2 13.5 13.5 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 167.7 170.2 174.9 175.9 178.4 178.6 Total Note: Totals may not add due to rounding. September 2015 WASDE - 545 - 34 U.S. Dairy Prices Commodity 2013 2014 2015 Proj. 2015 Proj. 2016 Proj. 2016 Proj. Aug Sep Aug Sep Product Prices 1/ Dollars Pe r Pound Cheese 1.7683 2.1551 1.635- 1.6551.645- 1.6651.595- 1.6951.590- 1.690 Butter 1.5451 2.1361 1.815- 1.8551.915- 1.9551.760- 1.8901.785- 1.915 Nonfat Dry Milk 1.7066 1.7682 0.865- 0.8850.880- 0.9000.950- 1.0200.950- 1.020 Dry Whey 0.5902 0.6538 0.415- 0.4350.380- 0.4000.410- 0.4400.345- 0.375 Filler Dollars Pe r Cwt Milk Prices 2/ Class III 17.99 22.34 15.85- 16.0515.80- 16.0015.45- 16.4515.00- 16.00 Class IV 19.05 22.09 13.00- 13.3013.55- 13.8513.50- 14.6013.60- 14.70 All Milk 3/ 20.05 23.97 16.75- 16.9516.80- 17.0016.40- 17.4016.10- 17.10 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are th e simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not re flect any deductions from producers as authorized by legislation. September 2015 WASDE - 545 - 35 Reliability of September Projections 1/ Note: Tables on pages 35-37 present a record of the September projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 2 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 3.5 percent. The average difference between the September projection and the final estimate is 9.1 million tons, ranging from 0.9 million to 30.7 million tons. The September projection ha s been below the estimate 22 times and above 12 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final WHEAT Percen t Million Metric Tons Production Worl d 2.0 3.5 9.1 0.9 30.7 22 12 U.S. 1.8 3.1 0.9 0.0 2.5 14 20 Forei gn 2.3 4.0 9.1 1.0 30.9 23 11 Exports Worl d 6.0 10.2 6.1 0.3 22.0 26 8 U.S. 10.3 17.4 2.6 0.2 10.0 16 18 Forei gn 7.4 12.6 5.7 0.2 21.4 25 9 Domestic Use Worl d 1.7 2.9 7.2 0.2 23.4 19 15 U.S. 6.9 11.7 1.9 0.0 4.5 12 22 Forei gn 1.7 2.9 7.1 0.1 21.0 23 11 Endin g Stocks Worl d 8.4 14.3 9.6 1.5 29.6 26 8 U.S. 14.8 25.1 2.7 0.5 12.4 18 16 Forei gn 9.3 15.8 8.6 0.5 27.1 25 9 COARSE GRAINS 2 / Production Worl d 2.1 3.6 16.1 0.2 50.6 27 7 U.S. 4.4 7.5 8.0 0.2 26.0 22 12 Forei gn 2.3 4.0 13.6 1.0 30.3 26 8 Exports Worl d 7.3 12.3 6.8 0.1 25.2 24 10 U.S. 20.4 34.5 7.5 0.4 19.1 14 20 Forei gn 14.0 23.8 7.3 0.7 19.3 23 11 Domestic Use Worl d 1.5 2.5 10.7 0.4 29.1 20 14 U.S. 3.9 6.6 6.6 0.1 15.8 22 12 Forei gn 1.6 2.7 9.1 0.4 22.0 22 12 Endin g Stocks Worl d 12.7 21.6 16.1 1.7 43.2 26 8 U.S. 24.3 41.2 8.8 0.4 32.2 14 20 Forei gn 14.9 25.3 12.2 0.7 41.6 28 6 RICE , mille d Production Worl d 2.4 4.1 6.4 0.4 24.1 26 8 U.S. 4.5 7.7 0.2 0.0 0.5 19 14 Forei gn 2.4 4.2 6.4 0.3 24.4 26 8 Exports Worl d 9.4 16.0 1.6 0.1 6.8 25 9 U.S. 11.3 19.2 0.2 0.0 0.9 17 15 Forei gn 10.6 17.9 1.5 0.1 6.8 25 9 Domestic Use Worl d 1.9 3.1 4.2 0.4 22.7 27 7 U.S. 6.9 11.7 0.2 0.0 0.4 15 18 Forei gn 1.9 3.2 4.2 0.2 23.1 27 7 Endin g Stocks Worl d 12.2 20.8 5.0 0.5 14.9 28 6 U.S. 23.3 39.5 0.2 0.0 0.9 19 15 Forei gn 13.5 22.9 5.1 0.2 14.7 28 6 1/ Footnotes at end of table. CONTINUED September 2015 WASDE - 545 - 36 Reliability of September Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final SOYBEANS Percent Million Metric Tons Production World 4.7 8.0 6.6 0.4 27.4 22 12 U.S. 5.3 9.0 3.1 0.8 10.4 20 14 Foreign 7.8 13.2 6.4 0.9 29.1 17 17 Exports World 7.6 12.8 3.3 0.2 12.5 22 12 U.S. 12.5 21.1 2.7 0.1 7.3 21 13 Foreign 18.7 31.7 2.8 0.0 10.5 13 21 Domestic Use World 3.5 5.9 4.7 0.0 15.1 22 12 U.S. 4.7 7.9 1.7 0.1 4.5 22 12 Foreign 4.2 7.2 4.4 0.0 11.2 22 12 Ending Stocks World 18.1 30.8 4.7 0.2 13.0 20 14 U.S. 38.0 64.5 2.1 0.2 6.6 10 24 Foreign 20.3 34.5 4.4 0.0 14.7 21 12 COTTON Million 480-Pound Bales Production World 4.5 7.6 3.0 0.1 12.6 21 13 U.S. 6.2 10.5 0.8 0.0 2.4 18 15 Foreign 5.1 8.6 2.7 0.0 11.2 22 12 Exports World 9.6 16.3 2.3 0.0 10.1 20 14 U.S. 21.5 36.5 1.1 0.1 3.2 19 15 Foreign 12.6 21.4 1.9 0.1 8.8 17 17 Domestic Use World 4.0 6.7 2.9 0.1 13.1 13 21 U.S. 8.4 14.3 0.4 0.0 1.3 17 15 Foreign 4.1 6.9 2.7 0.0 12.3 14 19 Ending Stocks World 14.9 25.3 5.4 0.3 15.9 24 10 U.S. 35.0 59.4 1.4 0.1 5.1 14 20 Foreign 15.4 26.1 4.9 0.2 16.0 24 10 1/ Marketing years 1981/82 through 2014/15 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the ma rketing year for 1981/82 through 2013/14, and for 2014/15 last month's estimate. 2/ Includes corn, sorghum , barley, oats, rye, millet, and mixed grain. September 2015 WASDE - 545 - 37 Reliability of United States September Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final CORN Percent Million Bushels Production 4.6 7.8 300 15 885 22 12 Exports 21.2 35.9 267 46 725 13 21 Domestic Use 4.2 7.2 258 0 565 22 11 Ending Stocks 27.7 47.1 329 2 1,321 14 20 SORGHUM Production 6.4 10.9 25 0 81 15 18 Exports 27.4 46.5 39 1 150 19 15 Domestic Use 23.9 40.5 37 0 120 16 16 Ending Stocks 50.1 85.0 35 1 155 10 24 BARLEY Production 5 . 1 8 . 61 2 13 61 22 2 Exports 49.9 84.6 14 0 82 15 16 Domestic Use 9.8 16.7 24 0 72 12 20 Ending Stocks 17.5 29.8 19 0 70 16 17 OATS Production 8.9 15.2 12 0 44 5 28 Exports 103.2 175.1 1089 1 4 Domestic Use 6.0 10.1 14 1 39 11 23 Ending Stocks 24.3 41.2 16 2 47 18 16 SOYBEAN MEAL Thousand Short Tons Production 4.5 7.6 1,319 93 4,200 23 11 Exports 15.1 25.7 932 34 4,100 19 15 Domestic Use 3.8 6.5 796 26 3,200 21 13 Ending Stocks 42.0 71.3 53 0 368 11 13 SOYBEAN OIL Million Pounds Production 4.8 8.1 634 26 2,635 21 13 Exports 35.8 60.7 444 0 1,675 17 16 Domestic Use 4.3 7.3 477 86 2,150 22 12 Ending Stocks 31.8 53.9 449 60 1,357 18 16 ANIMAL PROD. 3/ Million Pounds Beef 4.2 7.2 850 119 2,486 24 9 Pork 3.1 5.3 425 19 1,356 20 13 Broilers 2.2 3.7 539 49 1,379 21 12 Turkeys 3.9 6.6 146 2 444 21 12 Million Dozen Eggs 1.9 3.1 100 4 414 21 12 Billion Pounds Milk 1.7 2.9 2.1 0.0 7.2 20 12 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2014/15 for grains, soybeans, and cotton. Final for grai ns, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2013/14, and for 2014/15 last month's estimate. Calendar years 1983 through 2014 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1983-2014. WASDE-545-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Forei gn Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at http://www.fas.usda.gov/psd/online . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric-Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 . UNITED STATES DEPARTMENT OF AGRICULTURE WORLD AGRICULTURAL OUTLOOK BOARD WASHINGTON, D.C. 20250-3812 ___________________ OFFICIAL BUSINESS Penalty for Private Use, $300 FIRST-CLASS MAIL POSTAGE & FEES PAID USDA PERMIT NO. G-289 World Agricultural Supply and Demand Estimates WASDE-545 – September 11, 2015 Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e-mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu . Select the “Reports by E-Mail” bar to sign up. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250-9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554-9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 549 Approved by the Worl d Agricultural Outlook Board January 12, 2016 WHEAT: Feed and residual use for 2015/16 is lowered 30 million bushels reflecting disappearance for June-November as indicated by the December 1 stocks released in the Grain Stocks report. Seed use is lowered 6 million bushels on the winter wheat planted area reported today in the Winter Wheat Seedings report. U.S. supplies for 2015/16 are lowered 6 million bushels on reduced imports and slightly lower beginning stocks. Projected 2015/16 ending stocks are raised 30 million bushels. The 2015/ 16 season average farm price range is narrowed 10 cents on both the high and low ends to $4.90 to $5.10 per bushel. Global wheat supplies for 2015/16 are raised 1.2 million tons on both increased beginning stocks and production. World wheat production remains reco rd high and is raised 0.5 million tons led by 0.5-million-ton increases for both Russia and Paki stan and a 0.3-million-ton increase for the EU. Partly offsetting is a 0.7-million-ton reduction for Uruguay and a 0.4-million-ton reduction for Brazil; both reductions are on updated government statistics and reflect crop damage from excessive rain. World wheat trade for 2015/16 is down fractionally with several, mostly offsetting, changes. Global use is reduced, mostly in the United States. With supplies increasing and use reduced, ending stocks are raised 2.2 million tons to a record 232.0 million tons. This total is 9 percent larger than the previous stocks record set last year. COARSE GRAINS: U.S. feed grain supplies for 2015/16 are lowered as small increases in corn and sorghum imports and sorghum production are more than offset by a reduction in corn production. Harvested area for corn is raised s lightly, but the national average yield is estimated 0.9 bushel per acre lower than the previous forecast at 168.4 bushels per acre. Corn production for 2015/16 is estimated 53 million bushels lower, but remains the third largest crop on record at 13.6 billion. Sorghum production is estimated 3 million bushels higher as an increase in harvested area more than offsets a reduction in yield. Total projected corn use for 2015/16 is reduced slightly with lower projected food, seed, and industrial use and exports. Feed and resi dual use is unchanged as September-November disappearance, as indicated by the December 1 stocks, was largely in line with expectations. Corn used to produce ethanol is unchanged, but projected use for sweeteners is lowered 10 million bushels. Exports are lowered 50 million bushels based on the slow pace of sales and shipments to date and continued strong comp etition from South American suppliers. Corn ending stocks are projected 17 million bushels higher at 1.8 billion bushels, stocks remain the highest since 2005/06. The projected range for th e 2015/16 season-average corn farm price is lowered 5 cents on each end to $3.30 to $3.90 per bushel reflecting weakness in export demand and recent declines in cash and futures prices. The sorghum farm price is lowered 20 cents at the midpoint to a range of $3.05 to $3.55 per bushel reflecting the weakening relationship to cash corn prices in interior markets. Global coarse grain supplies for 2015/16 are proj ected 6.8 million tons lower mostly on lower corn production for South Africa and the United States and lower rye production for Russia. Foreign coarse grain supplies are lowered 5.9 million tons. Corn production is lowered 4.0 WASDE-549-2 million tons for South Africa as continued heat and dryness du ring December further reduced prospects for area and yields, particularly in the western producing areas where satellite imagery suggests much of this year’s crop may not have been planted. Russia corn production is lowered 0.5 million tons with reductions in area and yields, but an area increase for Ukraine corn raises production an offsetting 0.5 million tons. Other corn pr oduction changes include small reductions for China and Peru. Reductions in rye and oats production for Russia more than offset an increase for barley. Global coarse grain consumption for 2015/16 is reduced with the biggest reduction for Russia, down 1.2 million tons with lower rye, oats, and corn consumption reflecting tighter supplies with the smaller crops. Corn consum ption for South Africa is lower ed 0.7 million tons with reduced supplies. Corn consumption is also lowered for Saudi Arabia, Argentina, and Pakistan. Global coarse grain imports for 2015/16 are raised with increases for South Africa, Mexico, and Peru corn more than offsetting reductions in corn imports for China and Saudi Arabia. Corn exports are raised for Brazil, Mexico, and Ukraine, but lowered for South Africa, India, and Russia. Corn exports are also raised for Argentina and Brazil for the 2014/15 (March 2015 through February 2016 local year) further reducing prospects for 2015/16 U.S. corn exports (September 2015 through August 2016). Global 2015/16 corn ending stocks are projected 2.9 million tons lower with reductio ns for Brazil, China, South Afri ca, Pakistan, Russ ia, Argentina, and Saudi Arabia. World corn ending stocks remain record large at 208. 9 million tons; however, more than half of those stocks are held in China. RICE: The U.S. 2015/16 all rice crop is projected at 192.3 million cwt, up 1.6 million from last month. Long-grain production is up 0.7 million cwt to 133.0 mil lion, and medium- and short-grain is raised 0.9 million cwt to 59.3 million. The all rice production increase stem s from both higher harvested area and yield. The all rice yield increased 47 pounds per acre to 7,470, and harvested area increased 5,000 ac res to 2.58 million. Imports ar e lowered 0.5 million cwt to 24.0 million on a slower pace to date. Changes are m ade on the use side with domestic and residual lowered 6.0 million cwt and exports raised 4.0 million (both chan ges are all long-grain). The reduction in domestic and residual use re flects implied use from the December 1 Rice Stocks report and very strong August-November exports, especially to Latin America. Ending stocks are projected at 41.9 million cwt, up 3.1 million cwt from last month, but do wn 6.6 million from the previous year. The all rice season average price is lowered $0.40 on each end of the range to $12.70 to $13.70 per cwt. The long-grain price is lowered $0.50 on each end of the range to $11.00-$12.00 per cwt. The all medium- and short-grain price is lowered $0.40 on each end of the range to $16.60-$17.60 per cwt. Global 2015/16 rice supplies are raised 0.9 million tons to 574. 0 million primarily on increased production. The largest production gains are 0.3 million tons ea ch for China and the Philippines. The China increase is on updated government data. The Philippine increase comes from reported damage related to Typhoon Koppu, that struck a key rice growing region last October, which was less severe than initially thought. Wo rld exports are ra ised 0.8 million tons to 42.2 million on increas ed demand, especia lly in Southeast Asia. Global consumption is lowered 0.4 million tons to 484.3 million, but remains record large. Ending stocks are raised 1.3 million tons to 89.7 million, but are still 14.2 million tons below last year and the tightest stocks since 2007/08. OILSEEDS: U.S. oilseed production for 2015/16 is estimated at 116.2 million tons, down 1.5 million from last month. Smal ler crops for soybeans, canola, and cottonseed are only partly offset by increases for sunflowerseed and peanuts. Soybean production is estimated at 3,930 million bushels, down 51 mil lion on lower harvested area and yields. Harvested area is WASDE-549-3 estimated at 81.8 million acres, down 0.6 million from the previous forecast. Yield is estimated at 48.0 bushels per acre, down 0.3 bushels, but still a record. With lower supplies, exports are reduced 25 million bushels to 1,690 million. Ending stoc ks are projected at 440 million bushels, down 25 million from last month. Although soybean crush is unchanged, soybean meal production is reduced on a lower extraction rate. Soybean meal exports are reduced on a slowing pace of sales and increased competition from Argentina. Soybean oil balance sheet changes include increased production on a higher extraction rate, increased imports, and increased domestic use. The 2015/16 U.S. season-average farm price forecast for soybeans is projected at $8.05 to $9.55 per bushel, down 10 cents at the midpoint based on prices reported to date. Soybean meal is forecast at $270 to $310 per short ton, down 20 dollars on both ends. The soybean oil forecast is unchanged at 28.5 to 31.5 cents per pound. Global oilseed production for 2 015/16 is projected at 526.9 milli on tons, down 2.0 million with lower forecasts for soybeans, sunflowerseed, peanuts, and cottonseed. Global soybean production is projected at 319.0 million tons, dow n 1.1 million on smaller crops in the United States and South Africa. Larger soybean production in China is partly offsetting. Global sunflowerseed production is reduced with lower projections for Argentina and South Africa partly offset by an increase for Russia. Other chang es include reduced cottonseed production for China, India, and Pakistan. Global oilseed trade for 2015/16 is projected at 148.0 million tons, up 0.3 million from last month. Increased soybean exports for Argentina and increased soybean and rapeseed exports for Canada more than offset lower U.S. soybean exports. Global oilseed crush is projected higher mainly on increased soybean crush for Argentina, China, and Vietnam and increased rapeseed crush for Canada and China. Global oilseed stocks are projected at 90.9 million tons, down 4.2 million on reduc ed soybean stocks for the United States , Argentina, and Ch ina, and reduced rapeseed stocks for Canada. SUGAR: U.S. sugar production for 2015/16 is projected at 8.93 4 million short tons, raw value (STRV), a decrease of 57,000 from last month. Louisiana cane sugar production is reduced 42,000 STRV to 1.423 m illion based on industry reports for a ha rvest that is nearly over. Texas cane sugar production is reduced 15,000 STRV to 115,000 based on the updated processor forecast. The Hawaii Commercial & Sugar Company (HC&S), the only remaining sugarcane processor in Hawaii, announced on January 6 that it will be terminating cane sugar production by the end of 2016. This announcement has no effect on projected 2015/16 production. Beet sugar is unchanged although sugar recovery from beet slicing from August through November is lower than expected. Projected sugar imports are redu ced 91,370 STRV to 3.100 millio n. Tariff-rat e quota (TRQ) imports are reduced 14,846 STRV as calendar year 2015 sugar access under certain Free Trade Agreements went unfilled. On J anuary 6, the Government of Mexi co officially announced that effective February 4, duty free imports of sugar fr om the United States that have benefitted from the U.S. re-export import program will be prohibited. Re-export imports are reduced by 76,524 STRV to 238,476. The sugar export projection is reduced by that same 76,524 STRV amount to 123,476 STRV. Although 2015/16 sugar deliveries through the first two months of the fiscal year are behind the pace expected, no change is made at this time. 2015/16 ending stocks are projected at 1.588 million STRV. The implied stocks- to-use ratio is 13.0 percent, down from la st month’s 13.5. WASDE-549-4 The only change for Mexico is a 65,492 metric ton (MT) reduction in 2015/16 imports stemming from the prohibition of duty-free imports from the United States that have benefitted from the U.S. re-export import program. The reduction is expected to reduce the amount of imported sugar going to Mexico’s sugar-containing product export IMMEX program. With no change to total sugar deliveries to the IMMEX program, more dome stically produced sugar is assumed to go to that use. Ending stocks fo r 2015/16 are reduced to 1.081 million MT, implying a stocks-to- consumption ratio of 24.6 percent, a reduction of 1.5 percentage points from last month. LIVESTOCK, POULTRY, AND DAIRY: The estimate of 2015 total meat production is lowered from last month as lower pork, broiler, and tu rkey production more than offsets higher beef production. For 2016, the forecast is raised as higher pork, broiler, and turkey production more than offsets lower forecast beef production. Higher cattle slaughter in late 2015 resulted in a higher beef production estimate, but lower-than-expe cted cattle placements in late 2015 are expected to result in lower fed cattle marketings and slaughter in 2016 and the beef production forecast for 2016 is lowered. USDA will release its semi-annual Cattle report on January 29, providing estimates of heifers held for breeding and an insight into the number of cattle which might be available for placement during 2016. Pork production for 2015 is lowered as end of year slaughter was lower than expected. Pork production is increased slightly for 2016. The Quarterly Hogs and Pigs report, released on December 23, indicated that producers intend to farrow slightly fewer sows on average during the first half of 2016, which may limit growth in the pig crop despite growth in pigs per litter. Ho wever, higher carcass weig hts will support increased pork production. Broiler production is lowered for 2015 based on slaughter and hatchery data, but the forecast for 2016 is raised primarily on hi gher forecast broiler prices. Turkey production is raised for both the end of 2015 and early 2016 on slaughter and hatchery data. Egg production for 2015 and 2016 is unchanged. Beef imports for 2015 and 2016 are reduced, reflecti ng the pace of trade to date and relatively weak prices for processing beef. Beef exports for the last quarter of 2015 and early 2016 are raised on gains in sales to a number of market s. Pork imports and exports are unchanged from last month. Broiler and turkey exports for 2015 and 2016 are reduced from last month as the export recovery has been slower than expected. Livestock and poultry prices for 2015 are adjusted for December data. For 2016, no change is made to the cattle price forecast. The 2016 hog price forecast is reduced as large supplies of hogs and competition from other meats pressured prices in late 2015 and is expected to pressure prices in early 2016. Broiler prices improved in late 2015 and early 2016 and the price forecast for 2016 is raised. Egg prices are lowered for 2016 reflecting recent price movements. Milk production for 2015 is raised on slightly str onger growth in milk per cow. Forecast 2016 milk production is reduced from last month. Cow numbers are lowered due to lower expected milk prices and the recent blizzard in Texas and New Mexico. Growth in milk per cow is reduced on lower milk prices. Exports are lowered on both a fat- and skim-solids basis as global supplies of dairy products remain large and demand remain s relatively weak. Continued strength in domestic butter use will also limit the competitiveness of U.S. butter in world markets. Fat and skim solid-basis imports for 2015 are unchanged. For 2016 both fat and skim-solids imports are raised largely on higher cheese imports. Dairy product prices for 2015 are adjusted for Decem ber data. For 2016, butter prices are raised from last month on relatively strong demand and lower expected production. Cheese, nonfat dry milk (NDM), and whey prices are reduced. Relatively large beginning stocks of cheese and weaker beginning year prices underlie the reduction in the cheese price forecast. NDM and whey prices are expected to be pressured by weakness in exports. The Class III price for 2016 WASDE-549-5 is lowered on lower cheese and whey prices and the Class IV price is reduced as a lower NDM price more than offsets a higher butter price. The all milk price is lowered to $15.35 to $16.15 per cwt for 2016. COTTON: The 2015/16 U.S. cotton balance sheet shows marginally lower production and higher ending stocks relative to last month. Production is lowered 88,000 bales to 12.9 million. Domestic mill use is reduced 100,000 bales base d on spinning activity through November, but exports are unchanged. Ending stocks are now forecast at 3.1 million bales. The forecast range for the marketing year average price received by producers is narrowed 1 cent on each end, with the midpoint unchanged from last month at 59 cents per pound. The world 2015/16 cotton supply and demand estimates include sharply lower production and ending stocks compared with last month, with consumption reduced slightly. Global production is reduced more than 2.0 million bales, based on updated harvest reports for Pakistan, China, India, and Turkmenistan. Pakistan’s crop is reduced 800,000 bales to 7.2 million, its lowest level since 1998, as falling gin arrivals indicate more extensive whitefly damage than previously expected. World consumption is reduced nearly 50 0,000 bales, reflecting decreases for India, Pakistan, and the United States. Imports are rais ed 725,000 bales, virtually all in Pakistan, while exports are raised for India and others. World ending stocks are now projected at 102.9 million bales, down 8 percent from the beginning level. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Seth D. Meyer, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: ROBERT C. JOHANSSON SECRETARY OF AGRICULTURE DESIGNATE WASDE-549-6 INTERAGENCY COMMODIT Y ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers, ICEC Chair, WAOB, E-mail : [email protected] Jennifer Bond, ERS; Teresa McKeiv ier, FAS; Mark Simone, FSA. Rice: William Chambers, ICEC Chair, WAOB, E-mail : [email protected] Nathan Childs, ERS; Rachel Tr ego, FAS; Mark Simone, FSA. Feed Grains: Jerry Norton, ICEC Chair, WAOB, E-mail : [email protected] Thomas Capehart, ERS; Yoonhee Mack e, FAS; Pete Riley, FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail : [email protected] Mark Ash, ERS; Bill Geor ge, FAS; Phil Sronce, FSA. Cotton: Carol Skelly, ICEC Chair, WAOB, E-mail : [email protected] Darryl Earnest, AMS; Leslie Me yer, ERS; James Johnson, FAS; Sherrie Grimm, FSA. Sugar: Stephen Haley, ICEC Chair, WAOB, E-mail : [email protected] Michael McConnell, ERS; Ron Lor d, FAS; Barbar a Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Sherry Wise, AMS; Kenneth Mathews, ERS; Claire Mezoughem, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Larry Haller, AMS; Davi d Harvey, ERS; Claire Mezoughem, FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Roger Cryan, AMS; Jerry Cessna, ERS; Pa ul Kiendl, FAS; Milt on Madison, FSA. In 2016, The WASDE report will be released on Feb. 9, Mar. 9, Apr. 12, May. 10, Jun. 10, Jul. 12, Aug. 12, Sep. 12, Oct. 12, Nov. 9, Dec. 9. WASDE-549-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................... 1 Interagency Commodity Estimates Committees ..................................................... 6 World & U.S. Supply & Use for Grains ................................................................... 8 World & U.S. Supply & Use for Cotton ................................................................... 9 World & U.S. Supply & Use for Oilseeds .............................................................. 10 U.S. Wheat Supply & Use .................................................................................... 11 U.S. Wheat Supply & Use by Class ..................................................................... 11 U.S. Feed Grain & Corn Supply & Use ................................................................ 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13 U.S. Rice Supply & Use ....................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................ 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ............................................................................. 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use .................................................................................. 18 World Coarse Grains Supply & Use ..................................................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use ..................................................................................... 24 World Cotton Supply & Use ................................................................................. 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ..................................................................... 29 World Soybean Oil Supply & Use......................................................................... 30 U.S. Quarterly Animal Product Production ........................................................... 31 U.S. Quarterly Prices for Animal Products ........................................................... 31 U.S. Meats Supply and Use ................................................................................. 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use .................................................................................... 33 U.S. Dairy Prices ................................................................................................. 34 Reliability Tables ................................................................................................. 35 Related USDA Reports ........................................................................................ 38 Metric Conversion Factors ................................................................................... 38 Electronic Access and Subscriptions ....................................................................... 40 January 2016 WASDE - 549 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Outpu tTotal SupplyTrade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2013/14 2474.94 2925.89 372.03 2413.41 512.48 2014/15 (Est.) 2501.15 3013.62 389.21 2453.89 559.74 filler filler filler filler filler 2015/16 (Proj.) Dec 2472.82 3031.89 361.57 2466.67 565.22 2015/16 (Proj.) Jan 2467.46 3027.19 361.22 2460.67 566.52 filler filler filler filler filler Wheat 2013/14 715.35 892.39 165.91 698.36 194.03 2014/15 (Est.) 725.91 919.94 164.40 707.15 212.79 filler filler filler filler filler 2015/16 (Proj.) Dec 734.93 947.01 161.66 717.14 229.86 2015/16 (Proj.) Jan 735.39 948.18 161.56 716.14 232.04 filler filler filler filler filler Coarse Grains 5/ 2013/14 1281.05 1444.45 164.38 1233.45 210.99 2014/15 (Est.) 1296.98 1507.97 181.83 1264.88 243.09 filler filler filler filler filler 2015/16 (Proj.) Dec 1268.56 1511.83 158.57 1264.89 246.94 2015/16 (Proj.) Jan 1261.95 1505.04 157.49 1260.26 244.79 filler filler filler filler filler Rice, milled 2013/14 478.54 589.05 41.74 481.59 107.46 2014/15 (Est.) 478.25 585.71 42.98 481.85 103.85 filler filler filler filler filler 2015/16 (Proj.) Dec 469.32 573.06 41.34 484.64 88.42 2015/16 (Proj.) Jan 470.12 573.97 42.16 484.27 89.70 filler filler filler filler filler United States Outpu tTotal Supply Trade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2013/14 431.31 484.21 89.49 343.31 51.40 2014/15 (Est.) 439.49 499.16 83.13 347.06 68.98 filler filler filler filler filler 2015/16 (Proj.) Dec 430.05 506.27 77.85 352.54 75.88 2015/16 (Proj.) Jan 428.85 505.22 76.75 351.12 77.36 filler filler filler filler filler Wheat 2013/14 58.11 82.35 32.00 34.29 16.07 2014/15 (Est.) 55.15 75.28 23.25 31.55 20.48 filler filler filler filler filler 2015/16 (Proj.) Dec 55.84 79.74 21.77 33.18 24.79 2015/16 (Proj.) Jan 55.84 79.58 21.77 32.20 25.61 filler filler filler filler filler Coarse Grains 5/ 2013/14 367.09 393.85 54.49 305.05 34.31 2014/15 (Est.) 377.23 414.96 56.67 311.35 46.95 filler filler filler filler filler 2015/16 (Proj.) Dec 368.16 418.14 52.96 315.32 49.85 2015/16 (Proj.) Jan 366.90 417.22 51.73 315.07 50.41 filler filler filler filler filler Rice, milled 2013/14 6.12 8.01 3.01 3.98 1.03 2014/15 (Est.) 7.11 8.91 3.21 4.16 1.55 filler filler filler filler filler 2015/16 (Proj.) Dec 6.06 8.39 3.11 4.04 1.23 2015/16 (Proj.) Jan 6.11 8.42 3.24 3.85 1.33 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). January 2016 WASDE - 549 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Outpu tTotal Supply Trade 2 /Total UseEnding Stocks Total Grains 4/ 2013/14 2,043.63 2,441.68 282.54 2,070.09 461.07 2014/15 (Est.) 2,061.66 2,514.47 306.09 2,106.83 490.76 filler filler filler filler filler 2015/16 (Proj.) Dec 2,042.76 2,525.62 283.73 2,114.13 489.34 2015/16 (Proj.) Jan 2,038.61 2,521.97 284.48 2,109.55 489.17 filler filler filler filler filler Wheat 2013/14 657.25 810.04 133.91 664.07 177.96 2014/15 (Est.) 670.76 844.66 141.16 675.60 192.31 filler filler filler filler filler 2015/16 (Proj.) Dec 679.09 867.26 139.89 683.97 205.07 2015/16 (Proj.) Jan 679.55 868.59 139.79 683.94 206.42 filler filler filler filler filler Coarse Grains 5/ 2013/14 913.96 1,050.60 109.89 928.40 176.68 2014/15 (Est.) 919.75 1,093.01 125.16 953.53 196.15 filler filler filler filler filler 2015/16 (Proj.) Dec 900.41 1,093.69 105.61 949.57 197.08 2015/16 (Proj.) Jan 895.05 1,087.83 105.76 945.19 194.37 filler filler filler filler filler Rice, milled 2013/14 472.42 581.04 38.74 477.62 106.43 2014/15 (Est.) 471.15 576.79 39.77 477.70 102.30 filler filler filler filler filler 2015/16 (Proj.) Dec 463.26 564.67 38.23 480.60 87.19 2015/16 (Proj.) Jan 464.01 565.55 38.93 480.42 88.37 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales Outpu tTotal Supply Trade 2 /Total Use 3 /Ending Stocks World 2013/14 120.41 212.15 40.81 109.92 103.07 2014/15 (Est.) 119.15 222.22 35.38 110.40 112.07 filler filler filler filler filler 2015/16 (Proj.) Dec 103.71 215.72 35.35 111.39 104.39 2015/16 (Proj.) Jan 101.56 213.62 36.05 110.94 102.86 filler filler filler filler filler United States 2013/14 12.91 16.72 10.53 3.55 2.35 2014/15 (Est.) 16.32 18.68 11.25 3.58 3.70 filler filler filler filler filler 2015/16 (Proj.) Dec 13.03 16.74 10.00 3.70 3.00 2015/16 (Proj.) Jan 12.94 16.65 10.00 3.60 3.10 filler filler filler filler filler Foreign 4/ 2013/14 107.50 195.43 30.28 106.37 100.72 2014/15 (Est.) 102.83 203.54 24.13 106.83 108.37 filler filler filler filler filler 2015/16 (Proj.) Dec 90.68 198.98 25.35 107.69 101.39 2015/16 (Proj.) Jan 88.61 196.97 26.05 107.34 99.76 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. * Planted area based on March 31 Prospective Plantings. Harvested area based on th e previous 10-year average abandonment by region, with the Southwest estimated at 15 percen t due to favorable moisture. Yield per harveste d acre based on the previous 3-year average by region, with the Southwest ad justed to the 10-year average. January 2016 WASDE - 549 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Outpu tTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2013/14 505.15 573.42 133.55 418.93 77.96 2014/15 (Est.) 536.54 614.50 146.21 439.98 91.53 filler filler filler filler filler 2015/16 (Proj.) Dec 528.96 620.85 147.69 444.99 95.14 2015/16 (Proj.) Jan 526.93 618.47 147.95 446.90 90.91 filler filler filler filler filler Oilmeals 2013/14 282.27 293.54 82.20 276.77 12.94 2014/15 (Est.) 300.17 313.11 85.05 293.25 14.75 filler filler filler filler filler 2015/16 (Proj.) Dec 305.37 320.12 87.60 302.76 13.36 2015/16 (Proj.) Jan 306.96 321.71 88.18 304.12 13.48 filler filler filler filler filler Vegetable Oils 2013/14 170.94 189.03 70.01 166.21 19.34 2014/15 (Est.) 176.30 195.64 75.64 170.92 18.98 filler filler filler filler filler 2015/16 (Proj.) Dec 178.28 197.23 76.02 176.90 16.14 2015/16 (Proj.) Jan 179.25 198.23 76.42 177.06 16.67 filler filler filler filler filler United States Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2013/14 99.02 107.85 45.55 51.46 3.95 2014/15 (Est.) 116.03 121.82 51.14 55.14 6.76 filler filler filler filler filler 2015/16 (Proj.) Dec 117.67 126.06 47.64 55.75 14.64 2015/16 (Proj.) Jan 116.17 124.36 46.85 55.54 13.93 filler filler filler filler filler Oilmeals 2013/14 39.39 43.50 10.77 32.44 0.29 2014/15 (Est.) 43.29 47.44 12.18 34.97 0.29 filler filler filler filler filler 2015/16 (Proj.) Dec 43.20 47.24 11.02 35.88 0.34 2015/16 (Proj.) Jan 42.96 47.24 10.91 36.00 0.34 filler filler filler filler filler Vegetable Oils 2013/14 10.42 15.58 1.12 13.50 0.97 2014/15 (Est.) 10.96 16.15 1.17 13.78 1.19 filler filler filler filler filler 2015/16 (Proj.) Dec 11.27 16.74 1.31 14.04 1.39 2015/16 (Proj.) Jan 11.23 16.69 1.31 14.04 1.34 filler filler filler filler filler Foreign 3/ OutputTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2013/14 406.13 465.57 88.00 367.48 74.00 2014/15 (Est.) 420.51 492.67 95.07 384.84 84.78 filler filler filler filler filler 2015/16 (Proj.) Dec 411.29 494.79 100.05 389.24 80.50 2015/16 (Proj.) Jan 410.76 494.11 101.10 391.36 76.97 filler filler filler filler filler Oilmeals 2013/14 242.89 250.04 71.43 244.33 12.64 2014/15 (Est.) 256.88 265.66 72.87 258.29 14.45 filler filler filler filler filler 2015/16 (Proj.) Dec 262.17 272.88 76.58 266.87 13.02 2015/16 (Proj.) Jan 264.01 274.47 77.27 268.12 13.15 filler filler filler filler filler Vegetable Oils 2013/14 160.51 173.45 68.90 152.71 18.37 2014/15 (Est.) 165.34 179.49 74.47 157.14 17.79 filler filler filler filler filler 2015/16 (Proj.) Dec 167.01 180.49 74.72 162.86 14.74 2015/16 (Proj.) Jan 168.03 181.54 75.10 163.02 15.33 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. January 2016 WASDE - 549 - 11 U.S. Wheat Supply and Use 1/ 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Dec Jan Million Acres Area Planted 56.2 56.8 54.6 54.6 Area Harvested 45.3 46.4 47.1 47.1 Bushels Yield per Harvested Acre 47.1 43.7 43.6 43.6 Million Bushels Beginning Stocks 718 590 753 752 Production 2,135 2,026 2,052 2,052 Imports 173 149 125 120 Supply, Total 3,026 2,766 2,930 2,924 Food 955 958 967 967 Seed 77 81 72 66 Feed and Residual 228 120 180 150 Domestic, Total 1,260 1,159 1,219 1,183 Exports 1,176 854 800 800 Use, Total 2,436 2,014 2,019 1,983 Ending Stocks 590 752 911 941 Avg. Farm Price ($/bu) 2/ 6.87 5.99 4.80 - 5.20 4.90 - 5.10 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winte rHard Red SpringSoft Red Winte r White Durum Total Millio n Bushel s 2014/15 (Est.) Beginning Stocks 237 169 113 50 22 590 Production 739 556 455 224 54 2,026 Supply, Total 3/ 985 791 581 283 126 2,766 Domestic Use 423 308 294 71 63 1,159 Exports 269 270 133 146 37 854 Use, Total 692 579 427 216 100 2,014 Ending Stocks, Total 294 212 154 67 26 752 2015/16 (Proj.) Beginning Stocks 294 212 154 67 26 752 Production 827 564 359 219 82 2,052 Supply, Total 3/ 1,129 821 533 295 146 2,924 Domestic Use 479 288 238 101 78 1,183 Exports 225 265 130 140 40 800 Use, Total 704 553 368 241 118 1,983 Ending Stocks, Total Jan 425 268 165 54 29 941 Ending Stocks, Total Dec 416 269 147 49 30 911 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing-year weighted average price received by farmers. 3/ Includes imports. January 2016 WASDE - 549 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Dec Jan Million Acres Area Planted 109.9 103.5 103.7 103.1 Area Harvested 98.1 93.1 92.7 93.0 Metric Tons Yield per Harvested Acre 3.74 4.05 3.97 3.94 Million Metric Tons Beginning Stocks 23.5 34.3 46.9 46.9 Production 366.9 377.1 367.9 366.6 Imports 3.0 3.2 2.8 3.2 Supply, Total 393.4 414.5 417.6 416.7 Feed and Residual 133.5 139.3 140.7 140.7 Food, Seed & Industrial 171.1 171.6 174.1 173.9 Domestic, Total 304.6 310.9 314.9 314.6 Exports 54.5 56.7 53.0 51.7 Use, Total 359.1 367.6 367.8 366.3 Ending Stocks 34.3 46.9 49.8 50.4 CORN 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Decembe r January Million Acres Area Planted 95.4 90.6 88.4 88.0 Area Harvested 87.5 83.1 80.7 80.7 Bushels Yield per Harvested Acre 158.1 171.0 169.3 168.4 Million Bushels Beginning Stocks 821 1,232 1,731 1,731 Production 13,829 14,216 13,654 13,601 Imports 36 32 30 40 Supply, Total 14,686 15,479 15,415 15,372 Feed and Residual 5,040 5,315 5,300 5,300 Food, Seed & Industrial 2/ 6,493 6,568 6,580 6,570 Ethanol & by-products 3/ 5,124 5,209 5,200 5,200 Domestic, Total 11,534 11,883 11,880 11,870 Exports 1,920 1,864 1,750 1,700 Use, Total 13,454 13,748 13,630 13,570 Ending Stocks 1,232 1,731 1,785 1,802 Avg. Farm Price ($/bu) 4/ 4.46 3.70 3.35 - 3.95 3.30 - 3.90 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access th e data on the Web through the Feed Grains Database at www.ers.usda.gov/data-products/feed-grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average pr ice received by farmers. January 2016 WASDE - 549 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Dec Jan Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 8.1 7.1 8.7 8.5 Area Harvested (mil. acres) 6.6 6.4 7.6 7.9 Yield (bushels/acre) 59.6 67.6 77.7 76.0 Beginning Stocks 15 34 18 18 Production 392 433 594 597 Imports 0025 Supply, Total 408 467 614 620 Feed and Residual 93 80 130 130 Food, Seed & Industrial 70 15 100 100 Total Domestic 162 96 230 230 Exports 211 353 325 325 Use, Total 374 449 555 555 Ending Stocks 34 18 59 65 Avg. Farm Price ($/bu) 2/ 4.28 4.03 3.20 - 3.80 3.05 - 3.55 Filler Filler Filler Filler Filler BARLEY 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Decembe r January Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.5 3.0 3.6 3.6 Area Harvested (mil. acres) 3.0 2.5 3.1 3.1 Yield (bushels/acre) 71.3 72.7 68.9 68.9 Beginning Stocks 80 82 79 79 Production 217 182 214 214 Imports 19 24 17 17 Supply, Total 316 287 310 310 Feed and Residual 66 43 50 50 Food, Seed & Industrial 153 151 153 153 Total Domestic 219 194 203 203 Exports 14 14 10 12 Use, Total 234 209 213 215 Ending Stocks 82 79 97 95 Avg. Farm Price ($/bu) 2/ 6.06 5.30 4.90 - 5.50 5.00 - 5.50 Filler Filler Filler Filler Filler OATS 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Decembe r January Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.0 2.8 3.1 3.1 Area Harvested (mil. acres) 1.0 1.0 1.3 1.3 Yield (bushels/acre) 64.1 67.9 70.2 70.2 Beginning Stocks 36 25 54 54 Production 65 70 90 90 Imports 97 107 95 95 Supply, Total 198 202 238 238 Feed and Residual 98 70 100 100 Food, Seed & Industrial 73 77 77 77 Total Domestic 172 147 177 177 Exports 2222 Use, Total 173 149 179 179 Ending Stocks 25 54 59 59 Avg. Farm Price ($/bu) 2/ 3.75 3.21 2.05 - 2.35 2.10 - 2.30 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. January 2016 WASDE - 549 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Dec Jan Million Acres Area Planted 2.49 2.95 2.61 2.61 Area Harvested 2.47 2.93 2.57 2.58 Filler Pounds Yield per Harvested Acre 7,694 7,576 7,423 7,470 Million Hundredweight Beginning Stocks 2/ 36.4 31.8 48.5 48.5 Production 190.0 222.2 190.8 192.3 Imports 23.1 24.7 24.5 24.0 Supply, Total 249.5 278.7 263.8 264.9 Domestic & Residual 3/ 124.4 129.9 127.0 121.0 Exports, Total 4/ 93.3 100.3 98.0 102.0 Rough 28.0 34.0 33.0 35.0 Milled (rough equiv.) 65.3 66.3 65.0 67.0 Use, Total 217.7 230.2 225.0 223.0 Ending Stocks 31.8 48.5 38.8 41.9 Avg. Milling Yield (%) 5/ 71.00 70.50 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 16.30 13.30 13.10 - 14.10 12.70 - 13.70 Total LONG-GRAIN RICE 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Decembe r January Harvested Acres (mil.) 1.77 2.20 1.84 Yield (pounds/acre) 7,464 7,407 7,218 Beginning Stocks 21.9 16.2 26.5 26.5 Production 131.9 162.7 132.4 133.0 Supply, Total 7/ 173.3 200.0 179.8 180.0 Domestic & Residual 3/ 95.3 102.7 94.0 88.0 Exports 8/ 61.9 70.8 65.0 69.0 Use, Total 157.1 173.5 159.0 157.0 Ending Stocks 16.2 26.5 20.8 23.0 Avg. Farm Price ($/cwt) 6/ 15.40 11.90 11.50 - 12.50 11.00 - 12.00 Filler Filler Filler Filler Filler MEDIUM & SHORT-GRAIN RICE 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Decembe r January Harvested Acres (mil.) 0.70 0.74 0.73 Yield (pounds/acre) 8,270 8,080 8,103 Beginning Stocks 12.2 13.3 20.2 20.2 Production 58.1 59.6 58.4 59.3 Supply, Total 7/ 73.8 76.8 82.1 83.0 Domestic & Residual 3/ 29.1 27.1 33.0 33.0 Exports 8/ 31.4 29.5 33.0 33.0 Use, Total 60.5 56.7 66.0 66.0 Ending Stocks 13.3 20.2 16.1 17.0 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 19.20 18.20 17.00 - 18.00 16.60 - 17.60 California 10/ 20.70 21.40 20.50 - 21.50 20.00 - 21.00 Other States 1/ 15.70 14.40 11.80 - 12.80 11.50 - 12.50 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of bro ken kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2013/14-2.1; 2014/15-2.3; 2015/16-1.9. 3/ Residual include s unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and en ding stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. The 2013/14 and 2014/15 milling yield is based on the Farm Service Agency (FSA) warehouse stored loan data for long, medium, and short grain rice. The 2015/16 milling yield is calculated using the previous five-year Olympic average-- 2010/11-2014/15. 6/ Marketing-year weighted average price r eceived by farmers. 7/ Includes imports. 8/ Expor ts by type of rice are estimated. 9 / The medium/short-grain season- average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not fin al until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP fo recast and the final price has av eraged $1.65 per cwt from 2008/09 -2013/14, with a high of $3.5 0 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. January 2016 WASDE - 549 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Dec Jan Filler Filler Filler Filler Filler Million Acres Area Planted 76.8 83.3 83.2 82.7 Area Harvested 76.3 82.6 82.4 81.8 Filler Bushels Yield per Harvested Acre 44.0 47.5 48.3 48.0 Million Bushels Beginning Stocks 141 92 191 191 Production 3,358 3,927 3,981 3,930 Imports 72 33 30 30 Supply, Total 3,570 4,052 4,203 4,150 Crushings 1,734 1,873 1,890 1,890 Exports 1,638 1,843 1,715 1,690 Seed 97 96 92 92 Residual 10 49 41 39 Use, Total 3,478 3,862 3,738 3,711 Ending Stocks 92 191 465 440 Avg. Farm Price ($/bu) 2/ 13.00 10.10 8.15 - 9.65 8.05 - 9.55 Total SOYBEAN OIL 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Decembe r January Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,655 1,165 1,820 1,820 Production 4/ 20,130 21,399 21,850 21,925 Imports 165 264 225 265 Supply, Total 21,950 22,828 23,895 24,010 Domestic Disappearance 18,908 18,994 19,450 19,600 Biodiesel 3/ 5,010 5,037 5,400 5,500 Food, Feed & other Industrial 13,898 13,958 14,050 14,100 Exports 1,877 2,014 2,300 2,300 Use, Total 20,785 21,008 21,750 21,900 Ending stocks 1,165 1,820 2,145 2,110 Avg. Price (c/lb) 2/ 38.23 31.60 28.50 - 31.50 28.50 - 31.50 Total SOYBEAN MEAL 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Decembe r January Filler 1 2 3 4 Thousand Shor t Tons Beginning Stocks 275 250 260 260 Production 4/ 40,685 45,062 44,865 44,715 Imports 383 333 325 325 Supply, Total 41,343 45,645 45,450 45,300 Domestic Disappearance 29,547 32,235 33,300 33,300 Exports 11,546 13,150 11,850 11,700 Use, Total 41,093 45,384 45,150 45,000 Ending Stocks 250 260 300 300 Avg. Price ($/s.t.) 2/ 489.94 368.49 290.00 - 330.00 270.00 - 310.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by f armers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodi esel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 1,903 millio n bushels for 2014/15 and 1,890 million bushels for 2015/16. January 2016 WASDE - 549 - 16 U.S. Sugar Supply and Use 1/ 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Dec Jan Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 2,158 1,810 1,767 1,768 Production 2/ 8,462 8,649 8,991 8,934 Beet Sugar 4,794 4,893 5,158 5,158 Cane Sugar 3,667 3,756 3,833 3,776 Florida 1,763 1,975 2,073 2,073 Hawaii 168 146 165 165 Louisiana 1,591 1,513 1,465 1,423 Texas 145 123 130 115 Imports 3,742 3,553 3,192 3,100 TRQ 3/ 1,302 1,536 1,529 1,514 Other Program 4/ 305 471 315 238 Other 5/ 2,135 1,546 1,348 1,348 Mexico 2,130 1,532 1,333 1,333 Total Supply 14,361 14,012 13,949 13,802 Exports 306 185 200 123 Deliveries 12,246 12,060 12,090 12,090 Food 6/ 11,819 11,929 11,955 11,955 Other 7/ 427 131 135 135 Miscellaneous 0000 Total Use 12,552 12,245 12,290 12,213 Ending Stocks 1,810 1,768 1,659 1,588 Stocks to Use Ratio 14.4 14.4 13.5 13.0 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2014/15 and 2015/16 are based on Crop Production and processor projections where appropriate. 3/ For 2015/16, WTO raw sugar TRQ shortfall (99). For 2014/15, WTO raw sugar TRQ shortfall (69). 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ For 2013/14, other high-tier (5) and other (0). For 2014/15, other high-tier (15) and other (0). For 2015/16, other high-tier (15) and other (0). 6/Combines SMD deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar-containing products for reexport, and for nonedible alcohol, feed, and ethanol. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2014/15 Est. Dec 831 5,985 128 4,691 1,442 811 2014/15 Est. Jan 831 5,985 128 4,691 1,442 811 2015/16 Proj. Dec 811 6,056 155 4,725 1,150 1,147 2015/16 Proj. Jan 811 6,056 90 4,725 1,150 1,081 1/ HFCS imports by Mexico (1,000 metric tons, dry basis): Oct-Sep 2014/15 = 979; Oct-Nov 2014/15 = 156, Oct-Nov 2015/16 = 148 . Footnote source: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes domestic consumption, Mexico's products export program (IMMEX), and any residual statistical discrepancies. IMMEX: 2014/15 (337 est), 2015/16 (337 proj). Statistical Adjustment: 2014/15 (-54), 2015/16 (0). January 2016 WASDE - 549 - 17 U.S. Cotton Supply and Use 1/ 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Dec Jan Filler Filler Filler Filler Filler Area Million Acres Planted 10.41 11.04 8.56 8.58 Harvested 7.54 9.35 8.15 8.08 Filler Pounds Yield per Harvested Acre 821 838 768 769 Million 480 Pound Bales Beginning Stocks 3.80 2.35 3.70 3.70 Production 12.91 16.32 13.03 12.94 Imports 0.01 0.01 0.01 0.01 Supply, Total 16.72 18.68 16.74 16.65 Domestic Use 3.55 3.58 3.70 3.60 Exports, Total 10.53 11.25 10.00 10.00 Use, Total 14.08 14.82 13.70 13.60 Unaccounted 2/ 0.29 0.16 0.04 -0.05 Ending Stocks 2.35 3.70 3.00 3.10 Avg. Farm Price 3/ 77.9 61.3 56.00 - 62.00 57.00 - 61.00 Total Note: Reliability calculations at end of report. 1/ Upland and ex tra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. January 2016 WASDE - 549 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 177.04 715.35 158.36 126.68 698.36 165.91 194.03 United States 19.54 58.11 4.71 6.20 34.29 32.00 16.07 Total Foreign 157.50 657.25 153.65 120.48 664.07 133.91 177.96 Major Exporters 4/ 20.80 217.92 4.58 56.90 139.71 76.17 27.42 Argentina 0 . 2 9 1 0 . 5 00 . 0 00 . 1 06 . 0 52 . 2 52 . 4 9 Australia 4.66 25.30 0.16 3.60 6.95 18.62 4.56 Canada 5.14 37.53 0.45 4.20 9.41 23.27 10.44 European Union 5/ 10.71 144.58 3.97 49.00 117.30 32.03 9.94 Major Importers 6/ 83.45 194.31 87.36 28.30 259.78 5.19 100.15 Brazil 1.00 5.30 7.07 0.60 11.40 0.08 1.89 China 53.96 121.93 6.77 16.00 116.50 0.89 65.27 Sel. Mideast 7/ 8.94 18.96 20.69 4.92 36.07 0.50 12.02 N. Africa 8/ 11.49 19.72 25.27 2.68 42.42 0.50 13.55 Pakistan 2.45 24.21 0.40 0.60 24.10 0.75 2.21 Southeast Asia 9/ 3.78 0.00 16.41 2.46 15.76 0.89 3.55 Selected Other India 24.20 93.51 0.03 4.80 93.85 6.05 17.83 FSU-12 14.29 103.87 7.41 22.65 72.75 37.15 15.67 Russia 4.95 52.09 0.80 12.50 34.10 18.57 5.18 Kazakhstan 2 . 9 4 1 3 . 9 40 . 0 12 . 0 06 . 8 08 . 1 01 . 9 9 Ukraine 2.58 22.28 0.07 3.40 11.50 9.76 3.67 2014/15 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 194.03 725.91 158.82 132.79 707.15 164.40 212.79 United States 16.07 55.15 4.07 3.28 31.55 23.25 20.48 Total Foreign 177.96 670.76 154.75 129.51 675.60 141.16 192.31 Major Exporters 4/ 27.42 222.11 6.65 62.69 146.47 81.62 28.09 Argentina 2 . 4 9 1 2 . 5 00 . 0 40 . 3 06 . 3 55 . 5 03 . 1 8 Australia 4.56 23.67 0.16 4.10 7.50 16.61 4.27 Canada 10.44 29.42 0.48 3.79 9.12 24.12 7.11 European Union 5/ 9.94 156.53 5.97 54.50 123.50 35.40 13.53 Major Importers 6/ 100.15 196.99 84.72 30.53 263.89 7.65 110.32 Brazil 1.89 6.00 5.37 0.30 10.70 1.69 0.87 China 65.27 126.21 1.93 17.00 118.50 0.80 74.11 Sel. Mideast 7/ 12.02 17.37 21.26 4.45 36.10 1.52 13.03 N. Africa 8/ 13.55 16.90 25.18 2.48 42.68 0.61 12.35 Pakistan 2.21 25.98 0.75 1.00 24.50 0.70 3.74 Southeast Asia 9/ 3.55 0.00 19.91 4.51 18.27 0.96 4.23 Selected Other India 17.83 95.85 0.05 4.50 93.13 3.40 17.20 FSU-12 15.67 112.73 7.67 24.65 75.86 40.22 20.00 Russia 5.18 59.08 0.33 13.00 35.50 22.80 6.28 Kazakhstan 1 . 9 9 1 3 . 0 00 . 6 02 . 0 06 . 8 05 . 5 43 . 2 5 Ukraine 3.67 24.75 0.03 4.00 12.00 11.27 5.18 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, Ch ina, Japan, Mexico, N. Africa, Pa kistan, selected Middle East, and S outheast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeri a, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. January 2016 WASDE - 549 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Dec 212.07 734.93 159.20 138.29 717.14 161.66 229.86 Jan 212.79 735.39 159.67 137.98 716.14 161.56 232.04 United States Dec 20.50 55.84 3.40 4.90 33.18 21.77 24.79 Jan 20.48 55.84 3.27 4.08 32.20 21.77 25.61 Total Foreign Dec 191.57 679.09 155.80 133.40 683.97 139.89 205.07 Jan 192.31 679.55 156.40 133.90 683.94 139.79 206.42 Major Exporters 4/ Dec 28.09 221.76 6.67 64.90 148.33 77.00 31.19 Jan 28.09 222.08 6.67 64.90 148.33 77.00 31.51 Argentina Dec 3.18 10.50 0.03 0.10 6.15 6.00 1.56 Jan 3.18 10.50 0.03 0.10 6.15 6.00 1.56 Australia Dec 4.27 26.00 0.15 4.00 7.43 18.00 5.00 Jan 4.27 26.00 0.15 4.00 7.43 18.00 5.00 Canada Dec 7.11 27.60 0.49 3.80 9.00 20.50 5.69 Jan 7.11 27.60 0.49 3.80 9.00 20.50 5.69 European Union 5/ Dec 13.53 157.66 6.00 57.00 125.75 32.50 18.95 Jan 13.53 157.98 6.00 57.00 125.75 32.50 19.26 Major Importers 6/ Dec 109.80 203.56 85.47 30.62 268.27 6.91 123.65 Jan 110.32 203.82 85.47 30.42 268.07 6.81 124.74 Brazil Dec 0.87 6.00 6.30 0.60 10.60 1.50 1.07 Jan 0.87 5.60 6.30 0.40 10.40 1.30 1.07 China Dec 74.11 130.00 2.00 15.00 118.00 1.00 87.11 Jan 74.11 130.19 2.00 15.00 118.00 1.00 87.30 Sel. Mideast 7/ Dec 13.03 17.86 20.65 4.85 37.49 0.83 13.21 Jan 13.03 17.86 20.65 4.85 37.49 0.83 13.21 N. Africa 8/ Dec 12.35 20.00 25.60 2.68 44.33 0.65 12.97 Jan 12.35 20.00 25.60 2.68 44.33 0.65 12.97 Pakistan Dec 3.22 25.00 0.10 1.00 24.60 0.60 3.12 Jan 3.74 25.48 0.10 1.00 24.60 0.70 4.02 Southeast Asia 9/ Dec 4.23 0.00 20.63 5.59 19.85 0.96 4.04 Jan 4.23 0.00 20.63 5.59 19.85 0.96 4.04 Selected Other India Dec 17.20 88.94 0.50 4.80 93.94 0.80 11.90 Jan 17.20 88.94 0.50 4.80 93.94 0.80 11.90 FSU-12 Dec 19.71 117.03 7.34 25.33 77.63 46.16 20.30 Jan 20.00 117.53 7.34 26.03 78.31 46.36 20.21 Russia Dec 6.28 60.50 0.35 13.50 36.50 23.50 7.13 Jan 6.28 61.00 0.35 14.00 37.00 23.50 7.13 Kazakhstan Dec 3.25 14.00 0.08 2.10 6.90 6.50 3.92 Jan 3.25 14.00 0.08 2.10 6.90 6.50 3.92 Ukraine Dec 5.18 27.00 0.05 4.50 12.50 15.50 4.23 Jan 5.18 27.00 0.05 4.50 12.50 15.50 4.23 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, Ch ina, Japan, Mexico, N. Africa, Pa kistan, selected Middle East, and S outheast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeri a, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. January 2016 WASDE - 549 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 163.40 1,281.05 156.19 733.17 1,233.45 164.38 210.99 United States 23.53 367.09 3.23 133.69 305.05 54.49 34.31 Total Foreign 139.86 913.96 152.96 599.47 928.40 109.89 176.68 Major Exporters 4/ 16.75 174.69 1.81 81.24 111.25 56.45 25.54 Argentina 2.47 35.67 0.00 8.84 13.70 21.27 3.17 Australia 0.85 12.16 0.00 3.36 5.04 6.92 1.05 Brazil 9.56 82.60 1.11 48.28 58.03 20.98 14.26 Canada 3.02 28.75 0.54 15.14 22.37 5.29 4.65 Major Importers 5/ 33.52 249.69 113.02 259.12 341.58 10.98 43.67 European Union 6/ 13.08 158.92 16.27 122.36 164.11 8.63 15.53 Japan 0.98 0.19 17.50 12.88 17.64 0.00 1.03 Mexico 1.63 32.02 11.32 23.62 40.89 0.50 3.58 N. Afr & Mideast 7/ 9.93 31.09 30.66 50.38 57.94 0.30 13.44 Saudi Arabia 3.39 0.36 11.69 11.13 11.55 0.00 3.89 Southeast Asia 8/ 2.83 26.84 10.73 26.86 34.96 1.54 3.90 South Korea 1.29 0.20 10.50 7.80 10.11 0.00 1.88 Selected Other China 68.38 225.41 12.45 157.78 223.55 0.03 82.65 FSU-12 5.04 87.75 0.78 40.02 55.68 30.77 7.11 Russia 1.38 35.74 0.26 18.90 28.62 6.95 1.80 Ukraine 2.33 40.02 0.08 12.27 15.98 22.77 3.69 2014/15 Est. Beginning Stocks Productio n ImportsDomestic FeedDomesti c Total 2 / ExportsEnding Stocks World 3/ 210.99 1,296.98 167.84 748.14 1,264.88 181.83 243.09 United States 34.31 377.23 3.42 139.47 311.35 56.67 46.95 Total Foreign 176.68 919.75 164.42 608.67 953.53 125.16 196.15 Major Exporters 4/ 25.54 166.06 4.15 81.37 111.66 64.22 19.88 Argentina 3.17 33.53 0.01 9.07 14.23 20.11 2.37 Australia 1.05 11.65 0.00 2.69 4.36 7.18 1.16 Brazil 14.26 87.60 1.05 50.20 59.98 32.54 10.39 Canada 4.65 21.99 1.71 13.82 21.29 3.71 3.34 Major Importers 5/ 43.67 257.45 108.25 262.17 345.25 15.94 48.18 European Union 6/ 15.53 170.64 9.08 121.48 163.27 14.00 17.99 Japan 1.03 0.17 16.73 12.32 16.98 0.00 0.95 Mexico 3.58 32.39 11.55 24.40 41.93 0.79 4.81 N. Afr & Mideast 7/ 13.44 26.89 34.03 51.65 59.61 0.10 14.66 Saudi Arabia 3.89 0.36 11.25 11.15 11.63 0.00 3.88 Southeast Asia 8/ 3.90 26.66 11.40 29.29 37.29 1.05 3.62 South Korea 1.88 0.21 10.27 8.04 10.42 0.00 1.94 Selected Other China 82.65 222.75 25.70 158.80 229.06 0.02 102.02 FSU-12 7.11 91.77 0.82 41.97 58.00 33.85 7.86 Russia 1.80 40.39 0.09 20.88 31.14 8.67 2.47 Ukraine 3.69 39.39 0.03 11.62 15.23 24.33 3.54 1/ Aggregate of local marketing years. Co arse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing year s, grain in transit, and reportin g discrepancies in some countr ies. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Malays ia, Philippines, Th ailand, and Vietnam. January 2016 WASDE - 549 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Dec 243.26 1,268.56 159.83 760.38 1,264.89 158.57 246.94 Jan 243.09 1,261.95 161.30 759.76 1,260.26 157.49 244.79 United States Dec 46.95 368.16 3.03 140.95 315.32 52.96 49.85 Jan 46.95 366.90 3.37 140.95 315.07 51.73 50.41 Total Foreign Dec 196.31 900.41 156.80 619.44 949.57 105.61 197.08 Jan 196.15 895.05 157.94 618.81 945.19 105.76 194.37 Major Exporters 4/ Dec 19.96 168.50 2.32 85.07 115.79 56.77 18.22 Jan 19.88 164.42 3.67 84.37 114.89 56.47 16.61 Argentina Dec 2.77 33.46 0.01 9.62 14.98 19.11 2.15 Jan 2.37 33.46 0.01 9.42 14.78 19.11 1.95 Australia Dec 0.83 12.68 0.00 3.44 5.12 7.43 0.97 Jan 1.16 12.68 0.00 3.44 5.12 7.43 1.30 Brazil Dec 10.89 84.08 1.00 52.09 61.87 25.02 9.09 Jan 10.39 84.08 1.00 52.09 61.87 25.52 8.09 Canada Dec 3.34 25.66 1.06 14.30 21.80 4.20 4.06 Jan 3.34 25.66 1.06 14.30 21.80 4.20 4.06 Major Importers 5/ Dec 48.16 243.81 110.66 266.17 349.28 11.20 42.15 Jan 48.18 244.06 110.76 265.97 349.11 11.83 42.06 European Union 6/ Dec 17.99 150.43 16.41 119.55 161.45 9.79 13.60 Jan 17.99 150.68 16.39 119.55 161.45 9.92 13.70 Japan Dec 0.95 0.17 16.98 12.47 17.13 0.00 0.97 Jan 0.95 0.17 17.08 12.57 17.23 0.00 0.97 Mexico Dec 4.81 31.33 11.23 25.22 42.79 0.50 4.07 Jan 4.81 31.33 11.75 25.22 42.82 1.00 4.07 N. Afr & Mideast 7/ Dec 14.66 33.08 29.12 54.65 62.66 0.27 13.94 Jan 14.66 33.08 29.12 54.65 62.66 0.27 13.93 Saudi Arabia Dec 3.87 0.25 12.03 11.75 12.15 0.00 3.99 Jan 3.88 0.25 11.53 11.45 11.85 0.00 3.80 Southeast Asia 8/ Dec 3.61 28.21 10.62 30.46 38.47 0.64 3.33 Jan 3.62 28.21 10.62 30.46 38.47 0.64 3.35 South Korea Dec 1.94 0.20 10.09 8.04 10.32 0.00 1.92 Jan 1.94 0.20 10.09 8.04 10.32 0.00 1.92 Selected Other China Dec 101.52 231.50 17.25 162.43 234.78 0.08 115.42 Jan 102.02 231.58 16.75 163.13 235.48 0.08 114.80 FSU-12 Dec 7.73 83.23 0.82 41.08 57.31 28.18 6.28 Jan 7.86 81.98 0.82 40.83 56.16 28.41 6.08 Russia Dec 2.54 39.00 0.16 21.15 31.60 7.81 2.29 Jan 2.47 37.32 0.16 20.87 30.42 7.59 1.93 Ukraine Dec 3.38 32.83 0.06 10.35 13.91 19.68 2.68 Jan 3.54 33.25 0.06 10.38 13.93 20.13 2.79 1/ Aggregate of local marketing years. Co arse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing year s, grain in transit, and reportin g discrepancies in some countr ies. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Malays ia, Philippines, Th ailand, and Vietnam. January 2016 WASDE - 549 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 132.62 991.39 123.95 570.33 949.44 131.10 174.58 United States 20.86 351.27 0.91 128.02 292.97 48.78 31.29 Total Foreign 111.76 640.12 123.04 442.31 656.47 82.32 143.28 Major Exporters 4/ 11.12 120.93 0.86 57.30 75.30 40.03 17.58 Argentina 1.31 26.00 0.00 5.80 8.80 17.10 1.41 Brazil 9.15 80.00 0.79 46.00 55.00 20.97 13.97 South Africa 0.66 14.93 0.07 5.50 11.50 1.96 2.20 Major Importers 5/ 12.27 120.25 76.07 133.46 185.52 4.44 18.63 Egypt 1.08 5.80 8.73 11.00 13.20 0.00 2.40 European Union 6/ 5.15 64.64 15.95 58.00 76.50 2.41 6.83 Japan 0.52 0.00 15.12 10.70 15.10 0.00 0.55 Mexico 1.06 22.88 10.95 15.20 31.70 0.50 2.69 Southeast Asia 7/ 2.82 26.78 10.72 26.80 34.90 1.53 3.89 South Korea 1.27 0.08 10.41 7.76 9.89 0.00 1.86 Selected Other 0.00 Canada 1.55 14.19 0.51 7.52 12.70 1.95 1.60 China 67.57 218.49 3.28 150.00 208.00 0.02 81.32 FSU-12 2.00 46.92 0.44 18.36 21.13 24.81 3.42 Ukraine 1.19 30.90 0.07 8.30 9.70 20.00 2.45 2014/15 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 174.58 1,008.52 122.92 582.16 975.87 137.79 207.23 United States 31.29 361.09 0.80 135.01 301.85 47.36 43.97 Total Foreign 143.28 647.43 122.12 447.15 674.02 90.43 163.25 Major Exporters 4/ 17.58 122.30 1.81 59.50 77.50 50.65 13.53 Argentina 1.41 26.50 0.01 6.00 9.30 17.50 1.11 Brazil 13.97 85.00 0.60 48.00 57.00 32.50 10.07 South Africa 2.20 10.80 1.20 5.50 11.20 0.65 2.35 Major Importers 5/ 18.63 134.03 67.87 140.10 192.48 5.87 22.19 Egypt 2.40 5.96 7.83 11.50 13.90 0.01 2.27 European Union 6/ 6.83 75.79 8.76 59.50 78.00 4.03 9.35 Japan 0.55 0.00 14.66 10.40 14.70 0.00 0.50 Mexico 2.69 25.48 11.27 17.70 34.45 0.78 4.21 Southeast Asia 7/ 3.89 26.61 11.36 29.20 37.20 1.05 3.62 South Korea 1.86 0.08 10.18 8.00 10.20 0.00 1.92 Selected Other 0.00 Canada 1.60 11.49 1.56 7.43 12.82 0.42 1.40 China 81.32 215.65 5.52 140.00 202.00 0.01 100.46 FSU-12 3.42 43.73 0.49 18.68 21.40 23.17 3.07 Ukraine 2.45 28.45 0.03 8.00 9.40 19.66 1.87 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Braz il, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade ex cludes intra-trade. 7/ Indo nesia, Malaysia, Philippines, Thailand, and Vietnam. January 2016 WASDE - 549 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Dec 208.19 973.87 123.34 596.12 970.20 117.69 211.85 Jan 207.23 967.93 124.59 594.85 966.22 116.71 208.94 United States Dec 43.98 346.82 0.76 134.63 301.77 44.45 45.34 Jan 43.97 345.49 1.02 134.63 301.51 43.18 45.78 Total Foreign Dec 164.22 627.05 122.58 461.49 668.44 73.24 166.52 Jan 163.25 622.45 123.58 460.22 664.71 73.53 163.16 Major Exporters 4/ Dec 13.98 119.10 0.81 62.00 80.40 42.00 11.49 Jan 13.53 115.10 2.11 61.30 79.50 41.70 9.54 Argentina Dec 1.51 25.60 0.01 6.50 10.00 16.00 1.12 Jan 1.11 25.60 0.01 6.30 9.80 16.00 0.92 Brazil Dec 10.57 81.50 0.60 50.00 59.00 25.00 8.67 Jan 10.07 81.50 0.60 50.00 59.00 25.50 7.67 South Africa Dec 1.90 12.00 0.20 5.50 11.40 1.00 1.70 Jan 2.35 8.00 1.50 5.00 10.70 0.20 0.95 Major Importers 5/ Dec 22.18 115.62 73.90 139.90 192.23 2.15 17.33 Jan 22.19 115.62 74.40 139.90 192.23 2.65 17.34 Egypt Dec 2.27 6.00 8.00 12.10 14.50 0.01 1.76 Jan 2.27 6.00 8.00 12.10 14.50 0.01 1.76 European Union 6/ Dec 9.35 57.75 16.00 57.50 76.00 1.00 6.10 Jan 9.35 57.75 16.00 57.50 76.00 1.00 6.10 Japan Dec 0.50 0.00 14.70 10.40 14.70 0.00 0.50 Jan 0.50 0.00 14.70 10.40 14.70 0.00 0.50 Mexico Dec 4.21 23.50 10.50 17.50 34.30 0.50 3.41 Jan 4.21 23.50 11.00 17.50 34.30 1.00 3.41 Southeast Asia 7/ Dec 3.60 28.16 10.60 30.40 38.40 0.64 3.33 Jan 3.62 28.16 10.60 30.40 38.40 0.64 3.34 South Korea Dec 1.92 0.08 10.00 8.00 10.10 0.00 1.90 Jan 1.92 0.08 10.00 8.00 10.10 0.00 1.90 Selected Other Canada Dec 1.40 13.60 1.00 8.00 13.35 1.00 1.65 Jan 1.40 13.60 1.00 8.00 13.35 1.00 1.65 China Dec 100.46 225.00 3.00 150.00 214.00 0.05 114.41 Jan 100.46 224.58 2.50 150.00 214.00 0.05 113.49 FSU-12 Dec 2.95 39.91 0.49 18.74 21.61 19.13 2.61 Jan 3.07 39.91 0.49 18.64 21.51 19.43 2.53 Ukraine Dec 1.75 23.00 0.05 7.00 8.40 15.00 1.40 Jan 1.87 23.50 0.05 7.00 8.40 15.50 1.52 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Tr ade excludes intra-trade. 7/ Indonesi a, Malaysia, Philippines, Thailand, and Vietnam. January 2016 WASDE - 549 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2013/14 Beginning StocksProductio n Imports Total /2 DomesticExports Ending Stocks World 3/ 110.51 478.54 38.36 481.59 41.74 107.46 United States 1.16 6.12 0.73 3.98 3.01 1.03 Total Foreign 109.36 472.42 37.63 477.62 38.74 106.43 Major Exporters 4/ 39.41 162.07 0.63 134.66 30.64 36.81 India 25.44 106.65 0.00 99.18 10.15 22.76 Pakistan 0.30 6.80 0.03 2.60 3.20 1.33 Thailand 12.81 20.46 0.30 10.88 10.97 11.72 Vietnam 0.86 28.16 0.30 22.00 6.33 1.00 Major Importers 5/ 12.51 64.32 12.42 76.99 1.10 11.15 Brazil 0.53 8.30 0.53 7.90 0.82 0.64 European Union 6/ 1.19 1.94 1.53 3.25 0.24 1.16 Indonesia 6.48 36.30 1.23 38.50 0.00 5.50 Nigeria 0.89 2.77 2.80 5.80 0.00 0.66 Philippines 1.49 11.86 1.20 12.85 0.00 1.70 Sel. Mideast 7/ 1.50 1.95 3.96 6.12 0.00 1.29 Selected Other 0.00 Burma 0.55 11.96 0.00 10.45 1.69 0.37 C. Amer & Carib 8/ 0.47 1.77 1.41 3.17 0.01 0.47 China 46.83 142.53 4.02 146.30 0.26 46.81 Egypt 0.43 4.75 0.03 4.00 0.60 0.60 Japan 2.86 7.94 0.66 8.29 0.06 3.11 Mexico 0.19 0.13 0.69 0.86 0.00 0.15 South Korea 0.78 4.23 0.31 4.42 0.00 0.90 2014/15 Est. Beginning Stocks Productio n ImportsTotal / 2 Domesti c ExportsEndin g Stock s World 3/ 107.46 478.25 40.36 481.85 42.98 103.85 United States 1.03 7.11 0.78 4.16 3.21 1.55 Total Foreign 106.43 471.15 39.58 477.70 39.77 102.30 Major Exporters 4/ 36.81 158.79 0.73 134.10 31.57 30.66 India 22.76 104.80 0.00 98.00 11.87 17.69 Pakistan 1.33 7.01 0.03 2.80 4.00 1.56 Thailand 11.72 18.75 0.30 11.50 9.20 10.07 Vietnam 1.00 28.24 0.40 21.80 6.50 1.33 Major Importers 5/ 11.15 64.00 14.15 77.32 1.30 10.69 Brazil 0.64 8.47 0.45 7.90 1.00 0.65 European Union 6/ 1.16 1.90 1.70 3.27 0.27 1.23 Indonesia 5.50 35.56 1.10 38.30 0.00 3.86 Nigeria 0.66 2.84 3.50 5.80 0.00 1.19 Philippines 1.70 11.92 1.80 13.20 0.00 2.21 Sel. Mideast 7/ 1.29 1.98 3.96 6.17 0.00 1.06 Selected Other 0.00 Burma 0.37 12.60 0.00 10.65 1.75 0.57 C. Amer & Carib 8/ 0.47 1.77 1.63 3.37 0.01 0.48 China 46.81 144.56 4.32 147.60 0.43 47.66 Egypt 0.60 4.53 0.03 4.00 0.25 0.92 Japan 3.11 7.84 0.65 8.31 0.08 3.21 Mexico 0.15 0.18 0.70 0.87 0.00 0.15 South Korea 0.90 4.24 0.45 4.45 0.00 1.14 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to re flect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ Worl d imports and exports may not ba lance due to differences in so me countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Braz il, Indonesia, Hong K ong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Ir aq, and Saudi Arabia. 8/ Centra l American and Caribbean countri es. January 2016 WASDE - 549 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ Dec 103.74 469.32 39.31 484.64 41.34 88.42 Jan 103.85 470.12 39.89 484.27 42.16 89.70 United States Dec 1.55 6.06 0.78 4.04 3.11 1.23 Jan 1.55 6.11 0.76 3.85 3.24 1.33 Total Foreign Dec 102.19 463.26 38.53 480.60 38.23 87.19 Jan 102.30 464.01 39.12 480.42 38.93 88.37 Major Exporters 4/ Dec 30.49 151.50 0.72 134.60 30.10 18.01 Jan 30.66 151.50 0.72 134.20 30.70 17.98 India Dec 17.69 100.00 0.00 98.00 8.50 11.19 Jan 17.69 100.00 0.00 98.00 8.50 11.19 Pakistan Dec 1.56 6.90 0.02 2.80 4.50 1.18 Jan 1.56 6.90 0.02 2.80 4.60 1.08 Thailand Dec 10.07 16.40 0.30 11.80 10.00 4.97 Jan 10.07 16.40 0.30 11.50 10.30 4.97 Vietnam Dec 1.17 28.20 0.40 22.00 7.10 0.67 Jan 1.33 28.20 0.40 21.90 7.30 0.73 Major Importers 5/ Dec 10.97 63.48 13.71 77.81 1.21 9.15 Jan 10.69 63.81 14.21 77.46 1.23 10.01 Brazil Dec 0.65 8.00 0.70 7.90 0.90 0.55 Jan 0.65 8.00 0.70 7.90 0.90 0.55 European Union 6/ Dec 1.22 1.93 1.50 3.28 0.26 1.11 Jan 1.23 2.01 1.50 3.28 0.28 1.18 Indonesia Dec 4.16 36.30 1.60 38.65 0.00 3.41 Jan 3.86 36.30 2.00 38.30 0.00 3.86 Nigeria Dec 1.19 2.71 2.50 5.85 0.00 0.55 Jan 1.19 2.71 2.50 5.85 0.00 0.55 Philippines Dec 2.21 11.25 1.90 13.25 0.00 2.11 Jan 2.21 11.50 2.00 13.25 0.00 2.46 Sel. Mideast 7/ Dec 1.06 1.89 4.35 6.22 0.00 1.09 Jan 1.06 1.89 4.35 6.22 0.00 1.09 Selected Other Burma Dec 0.42 12.20 0.00 10.50 1.80 0.32 Jan 0.57 12.20 0.00 10.65 1.80 0.32 C. Amer & Carib 8/ Dec 0.48 1.68 1.61 3.30 0.01 0.46 Jan 0.48 1.67 1.64 3.33 0.01 0.44 China Dec 47.66 145.50 4.70 150.00 0.40 47.46 Jan 47.66 145.77 4.70 150.00 0.45 47.68 Egypt Dec 0.92 4.00 0.03 4.00 0.40 0.54 Jan 0.92 4.00 0.03 4.00 0.40 0.54 Japan Dec 3.21 7.90 0.70 8.38 0.08 3.36 Jan 3.21 7.90 0.70 8.38 0.08 3.36 Mexico Dec 0.15 0.14 0.70 0.87 0.00 0.11 Jan 0.15 0.14 0.70 0.87 0.00 0.11 South Korea Dec 1.14 4.33 0.47 4.36 0.00 1.58 Jan 1.14 4.33 0.47 4.36 0.00 1.58 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use a nd unreported disappearance. 3/ World impor ts and exports may not balance due to di fferences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indones ia, Hong Kong, Cote d'Ivoire, Nigeria, Phil ippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Ara bia. 8/ Central American and Caribbean countries. January 2016 WASDE - 549 - 26 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2013/14 Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World 91.74 120.41 41.28 109.92 40.81 -0.38 103.07 United States 3.80 12.91 0.01 3.55 10.53 0.29 2.35 Total Foreign 87.94 107.50 41.27 106.37 30.28 -0.68 100.72 Major Exporters 4/ 27.37 57.03 1.36 32.00 26.58 -0.83 28.01 Central Asia 5/ 4.21 6.60 3 / 2.35 5.05 0.00 3.41 Afr. Fr. Zone 6/ 1.30 4.37 3 / 0.15 4.13 0.00 1.39 S. Hemis 7/ 9.73 14.04 0.29 5.26 7.74 -0.34 11.40 Australia 2.40 4.10 3 / 0.04 4.85 -0.20 1.81 Brazil 5.80 8.00 0.15 4.20 2.23 -0.15 7.67 India 11.80 31.00 0.68 23.25 9.26 -0.50 11.46 Major Importers 8/ 58.77 47.23 37.58 69.96 2.64 0.15 70.84 Mexico 0.65 0.93 1.04 1.85 0.16 0.03 0.58 China 50.36 32.75 14.12 34.50 0.03 0.00 62.71 European Union 9/ 0.55 1.60 0.87 0.85 1.60 0.03 0.53 Turkey 1.32 2.30 4.25 6.30 0.20 0.00 1.36 Pakistan 2.71 9.50 1.20 10.40 0.51 0.03 2.48 Indonesia 0.54 0.03 2.99 3.05 0.01 0.00 0.50 Thailand 0.24 3 / 1.55 1.53 0.00 0.03 0.24 Bangladesh 1.17 0.12 5.30 5.30 0.00 0.01 1.27 Vietnam 0.49 0.01 3.20 3.20 0.00 0.00 0.50 2014/15 Est. Beginning Stocks Productio n ImportsDomestic Use ExportsLoss /2 Ending Stocks World 103.07 119.15 35.71 110.40 35.38 0.09 112.07 United States 2.35 16.32 0.01 3.58 11.25 0.16 3.70 Total Foreign 100.72 102.83 35.70 106.83 24.13 -0.07 108.37 Major Exporters 4/ 28.01 52.65 1.73 32.60 20.65 -0.23 29.37 Central Asia 5/ 3.41 6.20 3 / 2.46 4.69 0.00 2.45 Afr. Fr. Zone 6/ 1.39 5.12 3 / 0.14 4.33 0.00 2.03 S. Hemis 7/ 11.40 11.02 0.17 4.65 7.05 -0.24 11.12 Australia 1.81 2.30 3 / 0.04 2.39 -0.10 1.78 Brazil 7.67 7.00 0.02 3.60 3.91 -0.15 7.33 India 11.46 29.50 1.23 24.50 4.20 0.00 13.49 Major Importers 8/ 70.84 46.94 31.82 69.86 2.57 0.15 77.02 Mexico 0.58 1.37 0.83 1.85 0.17 0.03 0.74 China 62.71 30.00 8.28 33.00 0.07 0.00 67.92 European Union 9/ 0.53 1.64 0.86 0.87 1.62 0.03 0.50 Turkey 1.36 3.20 3.68 6.40 0.24 0.00 1.60 Pakistan 2.48 10.60 0.84 10.60 0.45 0.03 2.84 Indonesia 0.50 0.01 3.35 3.25 0.01 0.00 0.60 Thailand 0.24 3 / 1.48 1.48 0.00 0.03 0.22 Bangladesh 1.27 0.12 5.40 5.50 0.00 0.01 1.28 Vietnam 0.50 3 / 4.30 4.10 0.00 0.00 0.70 1/ Marketing year beginning August 1. Tota ls may not add exactly and trade may not ba lance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing ch annel; for Australia, Brazil, China, and the United States, refl ects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, an d Uzbekistan. 6/ Benin, Burkino Faso, Came roon, Central African Republic, Chad, Cote d' Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Pa raguay, South Africa, Tanzania, and Zimbabwe . 8/ In addition to the countries and regi ons listed, includes Hong Kong, Japan, Russia, South Kore a, and Taiwan. 9/ Includes intra-EU trade. January 2016 WASDE - 549 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2015/16 Proj. Beginning StocksProduction Imports Domestic UseExports Loss /2Ending Stocks World Dec 112.01 103.71 35.35 111.39 35.35 -0.06 104.39 Jan 112.07 101.56 36.07 110.94 36.05 -0.15 102.86 United States Dec 3.70 13.03 0.01 3.70 10.00 0.04 3.00 Jan 3.70 12.94 0.01 3.60 10.00 -0.05 3.10 Total Foreign Dec 108.31 90.68 35.34 107.69 25.35 -0.11 101.39 Jan 108.37 88.61 36.06 107.34 26.05 -0.11 99.76 filler filler filler filler filler filler filler Major Exporters 4/ Dec 29.37 50.24 1.65 33.17 22.07 -0.23 26.24 Jan 29.37 49.64 1.65 32.87 22.90 -0.23 25.12 Central Asia 5/ Dec 2.45 5.75 3 / 2.51 3.90 0.00 1.79 Jan 2.45 5.65 3 / 2.51 3.80 0.00 1.79 Afr. Fr. Zone 6/ Dec 2.03 4.91 3 / 0.14 5.04 0.00 1.75 Jan 2.03 4.91 3 / 0.14 5.21 0.00 1.58 S. Hemis 7/ Dec 11.12 10.47 0.20 4.41 7.54 -0.24 10.07 Jan 11.12 10.47 0.20 4.41 7.79 -0.24 9.82 Australia Dec 1.78 2.40 3 / 0.04 2.60 -0.10 1.64 Jan 1.78 2.40 3 / 0.04 2.75 -0.10 1.49 Brazil Dec 7.33 6.50 0.05 3.35 4.20 -0.15 6.48 Jan 7.33 6.50 0.05 3.35 4.30 -0.15 6.38 India Dec 13.49 28.50 1.00 25.30 5.30 0.00 12.39 Jan 13.49 28.00 1.00 25.00 5.80 0.00 11.69 filler filler filler filler filler filler filler Major Importers 8/ Dec 77.02 37.24 31.42 70.07 2.23 0.12 73.26 Jan 77.02 35.94 32.15 70.02 2.18 0.12 72.79 Mexico Dec 0.74 0.95 0.98 1.90 0.15 0.03 0.59 Jan 0.74 0.95 0.98 1.90 0.15 0.03 0.59 China Dec 67.92 24.30 5.50 32.50 0.20 0.00 65.02 Jan 67.92 23.80 5.50 32.50 0.20 0.00 64.52 European Union 9/ Dec 0.50 1.20 0.86 0.88 1.22 0.03 0.44 Jan 0.50 1.20 0.86 0.88 1.22 0.03 0.44 Turkey Dec 1.60 2.65 3.80 6.40 0.25 0.00 1.40 Jan 1.60 2.65 3.80 6.40 0.25 0.00 1.40 Pakistan Dec 2.84 8.00 2.00 10.10 0.40 0.03 2.31 Jan 2.84 7.20 2.70 10.00 0.35 0.03 2.36 Indonesia Dec 0.60 0.01 3.10 3.15 0.01 0.00 0.55 Jan 0.60 0.01 3.10 3.15 0.01 0.00 0.55 Thailand Dec 0.21 3 / 1.45 1.40 0.00 0.03 0.24 Jan 0.22 3 / 1.48 1.45 0.00 0.03 0.22 Bangladesh Dec 1.28 0.13 5.75 5.85 0.00 0.01 1.30 Jan 1.28 0.13 5.75 5.85 0.00 0.01 1.30 Vietnam Dec 0.70 3 / 5.20 5.10 0.00 0.00 0.80 Jan 0.70 3 / 5.20 5.10 0.00 0.00 0.80 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destro yed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan , Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions lis ted, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. January 2016 WASDE - 549 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Domestic CrushDomestic TotalExports Ending Stocks World 2/ 56.22 282.87 111.78 241.31 275.73 112.77 62.36 United States 3.83 91.39 1.95 47.19 50.09 44.57 2.50 Total Foreign 52.39 191.48 109.83 194.12 225.64 68.20 59.86 Major Exporters 3/ 36.48 151.69 0.63 76.47 83.98 62.67 42.15 Argentina 20.96 53.50 0.00 36.17 40.57 7.84 26.05 Brazil 15.36 86.70 0.61 36.86 39.81 46.83 16.02 Paraguay 0.13 8.19 0.01 3.35 3.45 4.80 0.07 Major Importers 4/ 13.33 14.48 96.52 91.39 108.77 0.34 15.21 China 12.38 11.95 70.36 68.85 80.60 0.22 13.88 European Union 0.30 1.21 13.29 13.44 14.22 0.06 0.53 Japan 0.18 0.20 2.89 1.97 3.05 0.00 0.23 Mexico 0.10 0.24 3.84 4.03 4.07 0.00 0.12 2014/15 Est. Beginnin g Stock s Productio n Import sDomesti c Crus hDomesti c Total Export s Endin g Stock s World 2/ 62.36 318.80 122.23 262.67 300.50 125.96 76.93 United States 2.50 106.88 0.90 50.98 54.93 50.17 5.19 Total Foreign 59.86 211.92 121.33 211.69 245.57 75.79 71.75 Major Exporters 3/ 42.15 168.81 0.33 84.01 92.14 68.41 50.74 Argentina 26.05 61.40 0.00 40.24 45.22 10.57 31.66 Brazil 16.02 96.20 0.31 39.93 42.90 50.61 19.01 Paraguay 0.07 8.10 0.01 3.65 3.75 4.38 0.06 Major Importers 4/ 15.21 15.40 105.35 98.73 117.28 0.29 18.38 China 13.88 12.15 78.35 74.50 87.20 0.14 17.03 European Union 0.53 1.81 13.39 14.20 15.04 0.12 0.58 Japan 0.23 0.23 3.00 2.15 3.24 0.00 0.22 Mexico 0.12 0.36 3.82 4.18 4.21 0.00 0.08 2015/16 Proj. Beginnin g Stock s Productio n Import s Domesti c Crus hDomesti c TotalExport s Endin g Stock s World 2/ Dec 77.66 320.11 126.76 273.73 312.32 129.62 82.58 Jan 76.93 319.01 127.16 275.35 314.04 129.79 79.28 United States Dec 5.21 108.35 0.82 51.44 55.06 46.68 12.65 Jan 5.19 106.95 0.82 51.44 55.00 45.99 11.96 Total Foreign Dec 72.45 211.75 125.94 222.29 257.26 82.95 69.93 Jan 71.75 212.05 126.34 223.91 259.04 83.79 67.32 Major Exporters 3/ Dec 50.59 168.91 0.32 86.30 94.63 75.70 49.49 Jan 50.74 168.91 0.32 87.15 95.38 76.25 48.34 Argentina Dec 31.66 57.00 0.00 42.00 47.05 11.25 30.36 Jan 31.66 57.00 0.00 42.85 47.90 11.80 28.96 Brazil Dec 18.86 100.00 0.30 40.00 43.10 57.00 19.06 Jan 19.01 100.00 0.30 40.00 43.00 57.00 19.31 Paraguay Dec 0.06 8.80 0.01 4.10 4.20 4.60 0.06 Jan 0.06 8.80 0.01 4.10 4.20 4.60 0.06 Major Importers 4/ Dec 19.20 14.98 108.15 105.24 124.24 0.33 17.75 Jan 18.38 15.48 108.38 105.91 125.41 0.33 16.50 China Dec 17.98 11.50 80.50 80.25 93.20 0.20 16.58 Jan 17.03 12.00 80.50 80.70 94.15 0.20 15.18 European Union Dec 0.45 2.05 13.70 14.80 15.67 0.10 0.43 Jan 0.58 2.05 13.70 14.80 15.67 0.10 0.56 Japan Dec 0.22 0.22 2.90 2.02 3.10 0.00 0.24 Jan 0.22 0.22 2.90 2.02 3.10 0.00 0.24 Mexico Dec 0.08 0.36 4.05 4.35 4.39 0.00 0.10 Jan 0.08 0.36 4.05 4.35 4.39 0.00 0.10 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October-September year. 2/ World i mports and exports may not balance due to differences in local marke ting years and to time lags betw een reported exports and imports. Therefore, world supply may not equal world us e. 3/ Argentina, Br azil, Paraguay, and Uruguay. 4/ China, European Union, Japan , Mexico, and Southeast Asia (inc ludes Indonesia, Malaysia, Philip pines, Vietnam, and Thailand). January 2016 WASDE - 549 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 9.46 189.53 57.93 186.27 60.16 10.49 United States 0.25 36.91 0.35 26.81 10.47 0.23 Total Foreign 9.21 152.62 57.58 159.47 49.68 10.26 Major Exporters 3/ 6.64 63.07 0.03 20.69 41.66 7.39 Argentina 3.25 27.89 0.00 2.10 24.97 4.07 Brazil 3.10 28.54 0.03 14.65 13.95 3.07 India 0.29 6.64 0.01 3.94 2.74 0.25 Major Importers 4/ 1.08 14.55 33.84 47.65 0.36 1.47 European Union 0.20 10.61 18.14 28.39 0.30 0.26 Southeast Asia 5/ 0.79 2.44 13.72 15.88 0.06 1.02 2014/15 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 10.49 207.17 60.12 201.95 63.64 12.19 United States 0.23 40.88 0.30 29.24 11.93 0.24 Total Foreign 10.26 166.29 59.82 172.71 51.71 11.95 Major Exporters 3/ 7.39 67.42 0.03 22.16 44.01 8.67 Argentina 4.07 30.93 0.00 2.30 28.55 4.16 Brazil 3.07 30.89 0.02 15.25 14.39 4.34 India 0.25 5.60 0.01 4.61 1.07 0.18 Major Importers 4/ 1.47 15.75 35.69 51.14 0.44 1.34 European Union 0.26 11.22 19.26 30.14 0.36 0.24 Southeast Asia 5/ 1.02 2.91 14.73 17.65 0.08 0.94 2015/16 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Dec 12.18 215.63 63.59 214.09 66.05 11.26 Jan 12.19 216.92 63.84 215.19 66.27 11.48 United States Dec 0.24 40.70 0.30 30.21 10.75 0.27 Jan 0.24 40.56 0.30 30.21 10.61 0.27 Total Foreign Dec 11.95 174.93 63.29 183.88 55.30 10.99 Jan 11.95 176.35 63.54 184.98 55.65 11.21 Major Exporters 3/ Dec 8.67 68.70 0.03 22.84 46.70 7.85 Jan 8.67 69.52 0.03 23.03 47.10 8.09 Argentina Dec 4.16 32.58 0.00 2.50 30.80 3.44 Jan 4.16 33.40 0.00 2.50 31.25 3.81 Brazil Dec 4.34 30.96 0.02 15.40 15.60 4.32 Jan 4.34 30.96 0.02 15.55 15.60 4.17 India Dec 0.18 5.16 0.01 4.95 0.30 0.10 Jan 0.18 5.16 0.01 4.98 0.25 0.11 Major Importers 4/ Dec 1.33 16.22 38.20 54.04 0.48 1.23 Jan 1.34 16.39 38.20 54.18 0.48 1.27 European Union Dec 0.27 11.69 20.30 31.64 0.40 0.22 Jan 0.24 11.69 20.30 31.64 0.40 0.18 Southeast Asia 5/ Dec 0.90 3.00 16.05 19.04 0.08 0.84 Jan 0.94 3.18 16.05 19.18 0.08 0.91 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketi ng years and to time lags be tween reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Br azil, and India. 4/ European Union, Southeast Asia, and Japa n. 5/ Indonesia, Malaysia, Philippine s, Vietnam, and Thailand. January 2016 WASDE - 549 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 3.86 45.02 9.27 45.18 9.42 3.55 United States 0.75 9.13 0.08 8.58 0.85 0.53 Total Foreign 3.11 35.89 9.19 36.60 8.57 3.02 Major Exporters 3/ 0.86 16.41 0.34 10.40 6.23 0.97 Argentina 0.26 6.79 0.01 2.73 4.09 0.24 Brazil 0.40 7.07 0.00 5.71 1.38 0.39 European Union 0.20 2.55 0.33 1.97 0.77 0.35 Major Importers 4/ 1.42 14.22 4.59 18.70 0.21 1.33 China 1.02 12.34 1.35 13.66 0.09 0.96 India 0.25 1.48 1.83 3.30 0.00 0.26 North Africa 5/ 0.15 0.41 1.41 1.74 0.11 0.12 2014/15 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 3.55 48.99 10.06 47.98 11.02 3.60 United States 0.53 9.71 0.12 8.62 0.91 0.83 Total Foreign 3.02 39.29 9.94 39.36 10.10 2.78 Major Exporters 3/ 0.97 18.05 0.29 10.88 7.61 0.81 Argentina 0.24 7.69 0.02 2.60 5.09 0.25 Brazil 0.39 7.66 0.01 6.28 1.51 0.27 European Union 0.35 2.70 0.25 2.00 1.01 0.29 Major Importers 4/ 1.33 15.06 5.22 20.22 0.18 1.22 China 0.96 13.35 0.77 14.13 0.11 0.85 India 0.26 1.25 2.80 4.05 0.00 0.25 North Africa 5/ 0.12 0.47 1.65 2.04 0.07 0.13 2015/16 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Dec 3.57 51.09 10.72 50.20 11.58 3.60 Jan 3.60 51.46 10.94 50.57 11.80 3.63 United States Dec 0.83 9.91 0.10 8.82 1.04 0.97 Jan 0.83 9.95 0.12 8.89 1.04 0.96 Total Foreign Dec 2.75 41.18 10.62 41.38 10.53 2.63 Jan 2.78 41.51 10.82 41.68 10.75 2.68 Major Exporters 3/ Dec 0.79 18.45 0.18 10.81 7.86 0.75 Jan 0.81 18.64 0.18 10.81 8.07 0.75 Argentina Dec 0.25 7.96 0.02 2.44 5.50 0.29 Jan 0.25 8.15 0.02 2.44 5.68 0.30 Brazil Dec 0.27 7.68 0.01 6.37 1.39 0.21 Jan 0.27 7.68 0.01 6.37 1.39 0.21 European Union Dec 0.27 2.81 0.15 2.00 0.97 0.26 Jan 0.29 2.81 0.15 2.00 1.00 0.25 Major Importers 4/ Dec 1.22 16.01 5.83 21.73 0.21 1.12 Jan 1.22 16.10 6.03 21.93 0.21 1.22 China Dec 0.85 14.36 0.85 15.23 0.08 0.75 Jan 0.85 14.46 0.85 15.23 0.08 0.85 India Dec 0.25 1.15 3.35 4.50 0.00 0.25 Jan 0.25 1.15 3.55 4.70 0.00 0.25 North Africa 5/ Dec 0.13 0.50 1.63 2.00 0.13 0.12 Jan 0.13 0.50 1.63 2.00 0.13 0.12 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketi ng years and to time lags be tween reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Brazil an d European Union. 4/ Chin a, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. January 2016 WASDE - 549 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef PorkRed Mea t 2/Broile r Turkey Total Poultry 3 /Red Meat & PoultryEgg Milk Million Pounds Mil doz Bil lbs 2014 Annual 24,252 22,843 47,345 38,550 5, 756 44,827 92,171 8,335 206.0 2015 I 5,664 6,161 11,883 9,717 1,429 11,273 23,156 2,059 51.9 II 5,855 5,925 11,839 10,020 1,389 11,541 23,380 1,968 53.7 III 6,066 5,957 12,080 10,373 1,352 11,858 23,938 1,908 51.7 IV 6,115 6,445 12,618 9,975 1,440 11,540 24,158 1,970 51.1 Annual Dec Proj. 23,665 24,528 48,424 40,185 5, 590 46,292 94,716 7,905 208.3 Jan Est. 23,700 24,488 48,420 40,085 5, 610 46,212 94,632 7,905 208.4 2016 I* 5,955 6,205 12,216 9,950 1,360 11,435 23,651 1,990 52.8 II* 6,135 5,935 12,127 10,200 1,500 11,840 23,967 2,020 54.0 III* 6,370 6,170 12,596 10,500 1,550 12,190 24,786 2,049 52.5 IV* 6,145 6,650 12,855 10,300 1,610 12,045 24,900 2,112 52.4 Annual Dec Proj. 24,680 24,925 49,834 40,900 6, 010 47,450 97,284 8,171 212.4 Jan Proj. 24,605 24,960 49,794 40,950 6, 020 47,510 97,304 8,171 211.8 * Projection. 1/ Commercial production for re d meats; federally inspected for poultry me ats. 2/ Beef, pork, veal and lamb & mut ton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/Barrows and gilts 3/Broilers 4/Turkeys 5/Eggs 6/Milk 7/ Dol./cw t Dol./cw t Cents/lb. Cents/lb. Cents/doz. Dol./cw t 2014 Annual 154.56 76.03 104.9 107.6 142.3 23.97 2015 I 162.43 48.47 97.0 99.6 146.9 17.00 II 158.11 53.20 104.2 108.5 170.3 16.70 III 144.22 54.59 83.7 126.4 235.7 16.93 IV 127.71 44.66 77.2 130.1 174.1 17.65-17.75 Annual Dec Proj. 148.07 50.44 89.9 116.3 184.4 17.05-17.15 Jan Est. 148.12 50.23 90.5 116.2 181.8 17.08 2016 I* 128-134 44-46 85-89 113-117 127-133 15.25-15.65 II* 134-144 50-54 83-89 111-119 135-145 14.60-15.30 III* 132-144 50-54 86-94 106-114 144-156 15.45-16.45 IV* 133-145 39-43 85-93 111-121 158-172 16.10-17.10 Annual Dec Proj. 132-142 47-50 83-89 110-118 160-172 15.95-16.75 Jan Proj. 132-142 46-49 85-91 110-118 141-151 15.35-16.15 *Projection. 1/ Simple average of months. 2/ 5-Area, Direct, To tal all grades 3/ National Base, Live equiv 51-52% lean. 4/ Whol esale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, Ne w York, volume buyers. 7/ Prices received by farmers for all milk. January 2016 WASDE - 549 - 32 U.S. Meats Supply and Use Item Beginning stocksProduction 1/ ImportsTotal Supply ExportsEnding Stocks Total UsePer Capita 2/ 3/ Million Pounds /4 Beef 2014 584 24,320 2,947 27,850 2,573 591 24,687 54.1 2015 Est. Dec 591 23,730 3,382 27,703 2,223 690 24,790 54.0 Jan 591 23,765 3,372 27,728 2,263 690 24,775 54.0 2016 Proj. Dec 690 24,744 2,945 28,379 2,425 600 25,354 54.9 Jan 690 24,669 2,845 28,204 2,475 600 25,129 54.4 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2014 618 22,861 1,008 24,486 4,857 560 19,070 46.4 2015 Est. Dec 560 24,546 1,106 26,212 4,946 650 20,616 49.8 Jan 560 24,506 1,106 26,172 4,946 625 20,601 49.7 2016 Proj. Dec 650 24,943 1,000 26,593 5,125 650 20,818 50.0 Jan 625 24,978 1,000 26,603 5,125 600 20,878 50.1 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2014 1,230 47,441 4,149 52,820 7,436 1,191 44,194 101.7 2015 Est. Dec 1,191 48,517 4,695 54,403 7,174 1,380 45,848 105.0 Jan 1,191 48,513 4,685 54,389 7,214 1,357 45,817 104.9 2016 Proj. Dec 1,380 49,927 4,135 55,442 7,561 1,290 46,591 106.0 Jan 1,357 49,887 4,037 55,281 7,611 1,240 46,430 105.7 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2014 669 38,137 117 38,923 7,301 680 30,942 83.3 2015 Est. Dec 680 39,755 125 40,561 6,426 850 33,285 89.0 Jan 680 39,656 126 40,463 6,326 850 33,287 89.0 2016 Proj. Dec 850 40,462 116 41,428 6,975 690 33,763 89.7 Jan 850 40,512 116 41,478 6,850 690 33,938 90.2 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2014 237 5,756 29 6,022 805 193 5,023 15.7 2015 Est. Dec 193 5,590 41 5,824 537 190 5,097 15.9 Jan 193 5,610 43 5,846 532 210 5,104 15.9 2016 Proj. Dec 190 6,010 36 6,236 740 250 5,246 16.2 Jan 210 6,020 38 6,268 690 250 5,328 16.5 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2014 912 44,414 148 45,474 8,216 877 36,381 100.3 2015 Est. Dec 877 45,861 169 46,907 7,103 1,054 38,750 106.0 Jan 877 45,783 171 46,830 7,003 1,071 38,757 106.0 2016 Proj. Dec 1,054 47,012 154 48,220 7,851 948 39,421 107.2 Jan 1,071 47,071 156 48,298 7,678 948 39,672 107.9 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2014 2,142 91,855 4,297 98,294 15,652 2,067 80,574 202.0 2015 Est. Dec 2,067 94,379 4,864 101,310 14,277 2,434 84,599 211.0 Jan 2,067 94,296 4,856 101,219 14,217 2,428 84,574 210.9 2016 Proj. Dec 2,434 96,939 4,289 103,662 15,412 2,238 86,012 213.2 Jan 2,428 96,958 4,193 103,579 15,289 2,188 86,102 213.6 1/ Total including farm production for red meats and, for pou ltry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis for red meat an d broilers; certified ready-to-cook weight for turkey. 3/ Population source: Dept. of Commerce, Census Bureau. 4/ Carcass weight for red meats and certified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. January 2016 WASDE - 549 - 33 U.S. Egg Supply and Use Commodity 2013 2014 2015 Proj. 2015 Est. 2016 Proj. 2016 Proj. Dec Jan Dec Jan Eggs Million Dozen Supply Beginning Stocks 20.8 23.0 23.3 23.3 26.0 26.0 Production 8,144.6 8,334.8 7,905.0 7,905.0 8,171.0 8,171.0 Imports 16.9 34.7 85.9 105.9 71.0 76.0 Total Supply 8,182.3 8,392.4 8,014.2 8,034.2 8,268.0 8,273.0 Use Exports 371.8 393.8 323.2 318.2 350.0 330.0 Hatching Use 964.8 980.7 993.1 993.1 1,005.0 1,005.0 Ending Stocks 23.0 23.3 26.0 26.0 24.0 24.0 Disappearance Total 6,822.6 6,994.6 6,671.9 6,696.9 6,889.0 6,914.0 Per Capita (number) 258.4 263.0 249.1 250.1 255.7 256.6 Total U.S. Milk Supply and Use Commodity 2013 2014 2015 Proj. 2015 Est. 2016 Proj. 2016 Proj. Dec Jan Dec Jan Milk Billion Pounds Production 201.2 206.0 208.3 208.4 212.4 211.8 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 12.2 11.2 11.2 11.2 12.9 12.8 Marketings 200.3 205.1 207.3 207.4 211.5 210.8 Imports 3.7 4.3 5.8 5.8 5.8 5.9 Total Cml. Supply 216.2 220.6 224.4 224.5 230.2 229.6 Fat Basis Use Commercial Exports 12.4 12.4 8.8 8.7 9.0 8.6 Ending Commercial Stocks 11.2 11.2 12.9 12.8 12.2 12.0 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 192.6 196.9 202.7 203.0 208.9 209.0 Skim-solid Basis Supply Beg. Commercial Stocks 12.4 11.7 13.1 13.1 13.8 14.0 Marketings 200.3 205.1 207.3 207.4 211.5 210.8 Imports 5.3 5.6 6.0 6.0 6.1 6.2 Total Cml. Supply 217.9 222.4 226.4 226.5 231.4 231.0 Skim-solid Basis Use Commercial Exports 38.6 39.1 37.7 37.3 38.7 37.7 Ending Commercial Stocks 11.7 13.1 13.8 14.0 13.7 14.0 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 167.7 170.2 174.9 175.2 178.9 179.3 Total Note: Totals may not add due to rounding. January 2016 WASDE - 549 - 34 U.S. Dairy Prices Commodity 2013 2014 2015 Proj. 2015 Est. 2016 Proj. 2016 Proj. Dec Jan Dec Jan Product Prices 1/ Dollars Pe r Pound Cheese 1.7683 2.1551 1.640- 1.6501.6454 1.595- 1.675 1.545- 1.625 Butter 1.5451 2.1361 2.065- 2.0952.0670 1.880- 1.990 1.890- 2.000 Nonfat Dry Milk 1.7066 1.7682 0.890- 0.9100.9016 0.915- 0.975 0.865- 0.925 Dry Whey 0.5902 0.6538 0.375- 0.3850.3804 0.280- 0.310 0.240- 0.270 Filler Dollars Pe r Cwt Milk Prices 2/ Class III 17.99 22.34 15.75- 15.8515.80 14.75- 15.55 14.05- 14.85 Class IV 19.05 22.09 14.30- 14.5014.35 13.70- 14.60 13.35- 14.25 All Milk 3/ 20.05 23.97 17.05- 17.1517.08 15.95- 16.75 15.35- 16.15 1/ Simple average of monthly prices calculated by AMS from weekly averag e dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test . 3/ Does not reflect any deductions from producers as authori zed by legislation. January 2016 WASDE - 549 - 35 Reliability of January Projections 1/ Note: Tables on pages 35-37 present a record of the January proj ection and the final Estimate. Using world wheat production as a n example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0.7 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 1.2 percent. The averag e difference between the January projection and the final estimate is 3.2 million tons, ranging from 0 million to 8.3 m illion tons. The January projection has been below the estimate 25 times and above 9 times. Differences between forecast and final estimate 90 percen t Years Commodity and Region Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final WHEAT Percen t Million Metric Tons Production Worl d 0.7 1.2 3.2 0.0 8.3 25 9 U.S. 0.1 0.2 0.0 0.0 0.3 14 9 Forei gn 0.8 1.3 3.2 0.1 8.3 25 9 Exports Worl d 5.3 9.1 5.2 0.1 18.4 26 8 U.S. 5.0 8.5 1.4 0.1 3.9 19 15 Forei gn 6.5 11.0 5.0 0.3 18.0 28 6 Domestic Use Worl d 1.2 2.1 5.4 0.1 14.7 21 13 U.S. 4.7 7.9 1.1 0.0 3.0 11 22 Forei gn 1.2 2.1 5.4 0.6 14.8 22 12 Endin g Stocks Worl d 5.1 8.6 5.9 0.2 18.1 23 11 U.S. 9.1 15.5 1.5 0.0 4.6 20 13 Forei gn 5.5 9.3 5.1 0.1 16.9 23 11 COARSE GRAINS 2/ Production Worl d 1.3 2.2 10.3 0.0 26.3 25 9 U.S. 0.4 0.7 0.3 0.0 4.6 15 7 Forei gn 1.8 3.0 10.1 0.0 26.3 24 10 Exports Worl d 6.6 11.3 6.1 0.2 31.9 25 9 U.S. 12.1 20.5 4.6 0.2 13.3 15 19 Forei gn 11.3 19.1 5.9 0.4 26.8 23 11 Domestic Use Worl d 1.1 1.8 7.5 0.0 29.0 18 16 U.S. 3.1 5.3 4.0 0.2 18.8 16 18 Forei gn 1.2 2.1 7.2 0.1 22.8 24 10 Endin g Stocks Worl d 9.8 16.7 12.2 0.8 31.8 28 6 U.S. 15.8 26.8 5.9 0.0 24.3 19 14 Forei gn 12.7 21.5 10.0 0.1 29.6 27 7 RICE , milled Production Worl d 1.7 2.8 4.8 0.0 13.9 28 5 U.S. 1.7 2.9 0.1 0.0 0.3 13 7 Forei gn 1.7 2.9 4.8 0.1 13.9 29 5 Exports Worl d 9.2 15.7 1.6 0.0 6.6 26 8 U.S. 7.4 12.6 0.2 0.0 0.6 17 15 Forei gn 10.3 17.5 1.5 0.0 6.2 25 9 Domestic Use Worl d 1.3 2.3 3.3 0.0 12.3 24 10 U.S. 7.7 13.1 0.2 0.0 0.5 15 19 Forei gn 1.3 2.3 3.2 0.0 12.4 25 9 Endin g Stocks Worl d 8.7 14.7 3.7 0.5 14.5 28 6 U.S. 21.5 36.4 0.2 0.0 0.6 19 14 Forei gn 8.9 15.0 3.7 0.2 14.0 28 6 1/ Footnotes at end of table. CONTINUED January 2016 WASDE - 549 - 36 Reliability of January Projections (Continued) 1/ Differences between forecast and final estimate 90 percen t Years Commodity and Region Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final SOYBEANS Percent Million Metric Tons Production World 3.5 5.9 4.7 0.0 22.4 20 14 U.S. 1.4 2.5 0.7 0.0 2.5 15 14 Foreign 5.9 10.0 4.8 0.2 22.6 20 14 Exports World 7.0 11.9 2.9 0.1 12.2 21 13 U.S. 8.1 13.8 1.7 0.1 5.0 20 14 Foreign 18.1 30.8 2.7 0.0 11.8 16 18 Domestic Use World 2.7 4.6 3.6 0.1 13.0 19 15 U.S. 3.4 5.8 1.2 0.0 3.6 23 11 Foreign 3.3 5.6 3.3 0.3 12.7 19 15 Ending Stocks World 15.1 25.6 4.0 0.1 18.7 19 15 U.S. 38.3 65.1 1.8 0.1 6.0 8 26 Foreign 17.2 29.1 3.5 0.1 13.8 22 12 COTTON Million 480-Pound Bales Production World 2.5 4.3 1.9 0.0 5.4 22 11 U.S. 1.0 1.7 0.1 0.0 0.3 13 20 Foreign 3.1 5.2 1.9 0.0 5.7 24 9 Exports World 6.6 11.1 1.7 0.1 8.8 19 15 U.S. 11.2 19.0 0.8 0.0 2.7 22 12 Foreign 8.3 14.1 1.3 0.0 8.1 21 13 Domestic Use World 2.7 4.6 2.1 0.4 6.8 17 17 U.S. 5.7 9.6 0.3 0.0 0.9 20 13 Foreign 2.7 4.7 2.0 0.4 6.5 18 16 Ending Stocks World 10.3 17.4 3.7 0.1 11.3 23 11 U.S. 21.0 35.6 0.9 0.2 2.4 9 25 Foreign 11.0 18.7 3.6 0.2 11.6 24 10 1/ Marketing years 1981/82 through 2014/15 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2014/15. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. January 2016 WASDE - 549 - 37 Reliability of United States January Projections 1/ Differences between forecast and final estimate 90 percen t Years Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final CORN Percent Million Bushels Production 0.4 0.7 11 0 148 4 2 Exports 12.5 21.3 163 9 467 14 20 Domestic Use 3.1 5.3 145 7 574 17 17 Ending Stocks 17.6 29.9 232 1 986 20 14 SORGHUM Production 1 . 1 1 . 820 5 313 Exports 16.3 27.6 29 0 97 23 9 Domestic Use 18.2 30.8 36 1 148 15 19 Ending Stocks 44.8 76.1 25 1 98 12 22 BARLEY Production 0.7 1.2 1 0 11 14 4 Exports 22.4 38.0 8 0 37 12 20 Domestic Use 6.2 10.4 15 0 70 13 18 Ending Stocks 11.9 20.2 11 1 52 21 13 OATS Production 0 . 3 0 . 600244 Exports 6 8 . 7 1 1 6 . 61077 1 0 Domestic Use 4 . 7 7 . 91 1 13 91 71 7 Ending Stocks 18.0 30.6 13 1 47 20 14 SOYBEAN MEAL Thousand Short Tons Production 3.2 5.5 899 15 2,728 23 11 Exports 10.4 17.6 646 34 2,350 24 10 Domestic Use 2.9 5.0 654 34 2,066 18 16 Ending Stocks 35.3 59.9 62 0 214 13 19 SOYBEAN OIL Million Pounds Production 3.2 5.5 424 7 1,418 24 10 Exports 24.2 41.0 292 0 1,325 19 13 Domestic Use 3.6 6.0 417 25 1,628 22 12 Ending Stocks 20.7 35.1 294 25 1,206 22 12 ANIMAL PROD. 3/ Million Pounds Beef 3.6 6.0 734 9 2,111 22 11 Pork 3.2 5.4 404 5 1,717 19 14 Broilers 1.8 3.0 398 24 1,011 22 11 Turkeys 3.0 5.1 125 2 407 18 15 Million Dozen Eggs 1.9 3.2 97 4 525 20 13 Billion Pounds Milk 1.6 2.6 1.8 0.0 5.7 17 13 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2014/15 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2014/15. Calendar years 1983 through 2014 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate pub lished by NASS for 1983-2014. WASDE-549-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oc e/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Produc tion, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 19 0 countries and regions at http://www.fas.usda.gov/psd/online . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric-Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 New WASDE Notification System Reminder: Subscribers will be notified through GovDelivery when the monthly World Agricultural Supply and Demand Estimates (WASDE ) report is available. Previous WASDE reports are still available at http://usda.mannlib.cornell.edu/MannUsd a/viewDocumentInfo.do?documentID=1194 For questions contact: Susan Carter at 202-720-5447 or [email protected] World Agricultural Suppl y and Demand Estimates WASDE-549 – January 12, 2016 WASDE Briefing Slides: The briefing slides wh ich accompany today’s WASDE report will be available at http://www.usda.gov/o ce/commodity/wasde/ Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e-mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu . Select the “Reports by E-Mail” bar to sign up. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202-720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250-9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554-9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 544 Approved by the World Agricultural Outlook Board August 12, 2015 WHEAT: Projected U.S. wheat supplies for 2015/ 16 are lowered on a smaller crop and reduced imports. An increase in spring wheat production is more than offset by decreases for Hard Red Winter, Soft Red Winter, and White Wheat. Hard Red Spring wheat yields in North Dakota are forecast to be a record. Projected imports are lowered 5 million bushels on the larger U.S. Hard Red Spring crop and lower Canadian production. A ll wheat exports for 2015/16 are projected 25 million bushels lower at 925 million on a slow pace to date and increased foreign supplies. Ending stocks are raised 8 million bushels to 850 million, the largest since 2010/11. The season-average farm price is lowered 10 cents on the low end and 20 cents on the high end to $4.65 to $5.55 per bushel. Global wheat supplies for 2015/16 are raised 2.2 m illion tons primarily on increased production in the FSU and Turkey. A 2.4-million-ton reduction in global beginning stocks partially offsets the production increase; EU accounts fo r over 60 percent of the reducti on. World wheat production is projected at a record. Crop conditions in the spring wheat areas of Russia and Kazakhstan continue to be excellent. Winter wheat producti on in Russia and Ukraine is better than expected, particularly considering last autumn’s drought. A 1-million-ton reduction for Canada, due to drought conditions in the western prairi es, is partially offsetting. Argentina production was lowered 0.4 million tons to 11.1 million. World exports are lower with the biggest decr eases for Canada (smaller crop), Argentina (smaller crop and lower carryin), and the United States. Global imports are also down with the biggest changes being a 1-million-ton reducti on for Iran offset by a 1-million-ton increase for Morocco. Iran’s imports are reduced as a result of a newly imposed import duty and the Morocco change is from a Foreign Agricultural Service GAIN report. Global use is up s lightly, supported by increased feed and residual use for EU, Russia, and Ukraine. With supplies growing faster than use, global ending stocks are raised 1.7 million tons to a record 221.5 million tons. COARSE GRAINS: Projected 2015/16 U.S. feed grain s upplies are increased this month with higher forecast corn, sorghum, barley, and oats pr oduction. Corn production is forecast at 13.7 billion bushels, up 156 million from the July projecti on, with the season’s first survey-based corn yield forecast at 168.8 bushels per acre, 2. 0 bushels higher than last month’s trend-based projection. Corn supplies for 2015/16 are projec ted at a record 15.5 billion bushels, up 154 million from last month with a small reduction in beginning stocks. Projected ending stocks for 2014/15 decline 6 million bushels with higher expected use. Increased use for sweeteners is partly offset by reductions in other categories of food and industrial use and an in crease in imports. Total U.S. corn use for 2015/16 is projected 40 million bushels higher as increased domestic usage is expected to more than offset a reduction in exports. Feed and residual use is projected 25 million bushels higher with the larger crop and lowe r expected prices. F ood, seed, and industrial use is projected up 40 million bushels with us e for ethanol production raised 25 million bushels on the latest forecast for gasoline consumption by t he Energy Information Administration. Exports are projected 25 million bushels lower with larger s upplies in Brazil and Argentina expected to increase WASDE-544-2 competition for U.S. corn in world markets. U.S. corn ending stocks for 2015/16 are projected 114 million bushels higher. The season- average corn price received by producers is projected 10 cents lower on both ends to $3.35 to $3.95 per bushel. This would be down 5 cents, at the midpoint, from the $3.65 to $3.75 per bushel expected for 2014/15. Global coarse grain supplies for 2015/16 are projected 4.8 million tons higher with a 3.0-million-ton increase in beginning stocks and a 1.8-million-ton in crease in global coarse grain production. Foreign corn beginning stocks are up 3.6 million tons with increases in 2014/15 production for Brazil and Mexico and increases in 2014/15 imports for China, EU, South Korea, and Mexico. Argentina corn production is also raised for 2014/15. Foreign corn production for 2015/16 is reduced 5.5 million tons with reductions for China, EU, and Serbia, only partly offset by increases for Brazil, Ukraine, and Russia. Global barley pr oduction is higher this m onth with increases for Ukraine and Morocco outweighing a reduction for Canada. Global 2015/16 coarse grain consumpt ion is lowered slightly with a reduction in global corn use driven by reductions in corn feeding for EU, Chi na, and Ukraine. Higher wheat feeding is expected for EU and Ukraine, and higher sorghum feeding for Ch ina. Global coarse grain trade is higher with corn imports raised for EU, barley imports raised for Saudi Arabia, and sorghum imports raised for China. Corn exports are raised for Ukraine, Braz il, and Russia with larger crops. Corn exports are reduced for Serbia, EU, and the United States. Barl ey exports are raised for Ukraine, but lowered for Canada. Sorghum exports are raised for the Unit ed States with the larger crop. Global coarse grain ending stocks for 2015/16 are raised this month wi th a 5.1-million-ton increase for corn mostly on higher stocks in the United States, Brazil, and Mexico. RICE: U.S. 2015/16 total rice supplies are proj ected at 278.4 million cwt, nearly unchanged from last month. Lower production more than offsets la rger carryin stocks and imports. The first survey- based forecast of the U.S. 2015/16 rice crop is 205.0 million cwt, down 2.0 million from last month and 7 percent below the previous y ear. Average all rice yield is forecast at 7,472 pounds per acre, down 72 pounds per acre from last month’s proj ection, and 1 percent below last year. Area harvested is unchanged at 2.74 million acres. Long-gr ain production is forecast at 149.0 million cwt and combined medium- and short-grain production at 56. 0 million. The all rice import projection is 25.5 million cwt, up 0.5 million from last m onth—with the increase in long-grain. U.S. 2015/16 total rice use is projected at 236.0 million cwt, 4.0 million below last month, but 3 percent above the previous year. Total domesti c and residual use is lowered 1.0 million cwt to 129.0 million due mostly to a smaller crop and a lower residual component. Exports are forecast at 107.0 million cwt, down 3.0 million from last month, and 6 percent above last y ear. The decrease is due to reduced supplies and strong competition wi th Southeast Asian exporters. Long-grain and combined medium- and short-grain exports ar e projected at 74.0 million and 33.0 million, respectively. U.S. all rice ending stocks for 2015/ 16 are projected at 42.4 million cwt, up 4.0 million from last month, but 11 percent below the previous year. The 2015/16 U.S. long-grain rice season-average fa rm price is project ed at $11.50 to $12.50 per cwt, up 60 cents per cwt on each end of the range fr om last month. Combined medium- and short- grain price is projected at $17.80 to $18.80 per cwt, unchanged from a month ago. The California and Other States medium- and shor t-grain prices are unchanged from a month ago at a midpoint of $21.00 per cwt and $14.80 per cwt, respectively. T he 2015/16 all rice price is projected at $13.40 to $14.40 per cwt, up 40 cents per cwt on each end of the range. The projected decrease in global 2015/16 total use of rice is greater than the drop in total supply resulting in an increase in world ending stocks. Gl obal rice production is lowered 1.7 million tons to 478.7 million, still a record, due primarily to fore cast reductions for Argentina, Cambodia, Iraq, WASDE-544-3 South Korea, Thailand, and the United States. Thailand’s 2015/16 rice crop is lowered 1.0 million tons to 18.0 million, attributed mostly to an abnor mally low rainfall in important growing areas, including the Central Region. Planted area has been lowered by 3 percent due to restrictions on irrigation water availability imposed by the governm ent of Thailand because of low reservoir levels. Global beginning stocks for 2015/16 are increased 1.1 million tons due mostly to a 1.0-million-ton increase in Thailand. Thailand’s 2014/15 exports are reduced by 1.0 million tons to 9.0 million due to the slow pace of sales. World 2015/16 consum ption is reduced 1.0 million tons to 487.8 million, still a record. Consumption is lowered in Banglades h, India, and the United States. Global trade is lowered 0.4 million tons due mostly to a reduction in exports from Cambodia and the United States. Global 2015/16 ending stocks are projected at 90.8 million tons, up 0.3 million from last month. OILSEEDS: U.S. oilseed production for 2015/16 is proj ected at 115.4 million tons, up 0.4 million from last month as a higher soybean producti on forecast offsets lower cottonseed and peanut crops. Soybean production for 2015/ 16 is projected at 3.916 billi on bushels, up 31 million as a higher yield offsets a lower harvested area. Harv ested area is revised down 0.9 million acres from the July estimate to 83.5 million mainly on lowe r acreage in Missouri. The first survey-based soybean yield forecast of 46.9 bushels per acre is 0.9 bushels above last month’s projected trend and 0.9 bushels below last year’s record yiel d. Soybean supplies for 2015/16 are projected 16 million bushels above last month based on the higher production forecast. Forecast U.S. soybean exports are lowered by 50 million bushels to 1.725 billion, as a result of slow export sales commitments. Soybean crush is raised 20 milli on bushels based on expected higher domestic use of soybean meal and soybean oil. Soybean ending stocks are projected at 470 million bushels, up 45 million from last month. The U.S. season-average soybean price for 2015/16 is forecast at $8.40 to $9.90 per bushel, down 10 cents at the midpoint from last month. Soybean meal prices are forecast at $310 to $350, down 5 dollars at the midpoint. Soybean oil prices ar e forecast at 29.5 to 32.5 cents per pound, down 1 cent at the midpoint. U.S. changes for 2014/15 include increased soybean cr ush, which is raised 15 million bushels to 1.845 billion reflecting higher domestic use and expor ts of soybean meal. With higher expected domestic use, the forecast of season-ending soybean stocks are reduced to 240 million bushels. Global oilseed production for 2015/16 is projected at 529.1 million tons , down 2.7 million tons from last month. Reductions for rapeseed, sunflo werseed, cottonseed, and peanuts more than offset an increase in soybean production. Soybean production is projected up 1.1 m illion tons with higher crops for the United States and Ukraine. Rapes eed production is reduced 2. 6 million tons as hot and dry weather curtailed yields in Canada and the EU, while harvested area is lowered for Ukraine, Belarus, and Australia. Other changes include lower EU sunflowerseed production, and reduced cottonseed production for India and China. Projected 2015/16 global soybean ending stocks are lowe red 4.9 million tons to 86.9 million with a higher crush for China, the EU, and the United St ates. Despite this month’s reduction, global soybean stocks remain record high. Projected soybean imports for China in 2015/16 are increased 1.5 million tons to 79 million and up from a revis ed 2014/15 forecast of 77 million. Soybean exports for Brazil and Argentina are projected higher due to growth in global trade. SUGAR: Beginning stocks for 2015/16 are increased 91, 482 short tons, raw value (STRV) due to increases in 2014/15 production ( 53,500) and imports (37,982) with no change in 2014/15 total use. Total 2015/16 sugar production is pr ojected at 8.800 million STRV, an increase of 35,000 over last month. The entire increase is attributable to increased cane sugar produc tion in Florida based on the crop forecast made in the National Agricu ltural Statistics Service’s (NASS’s) August 2015 Crop WASDE-544-4 Production . Beet sugar for the 2015/16 August-July crop year is forecast at 5.163 million STRV, an increase of 45,000 based on NASS’s sugarbeet crop fo recast and an upward revision to projected sucrose content to 17.5 percent bas ed on processors’ reports. National yield is forecast at a record 29.9 tons/acre, the same as projected last month. Area harvested is up 4,000 acres from a previous forecast to 1.144 million acres. Due to t he early start to the harvest, the entire increase in sugar is expected in August and September addi ng a net 45,000 STRV to 2014/15 production, now estimated at 4.825 million. Imports for 2015/16 are projected at 3.369 million STRV based on an upward projection of high-tier ta riff imports to 15,000 and a very small revision to imports from Mexico resulting from a difference in rounding made by the Commerce Department in estimating the Target Quantity of U.S. Sugar Needs as def ined in the CVD Suspension Agreement. With no change in total use, ending stocks are project ed at 1.780 million STRV, implying an ending stocks- to-use ratio of 14.6 percent. Mexico beginning stocks for 2015/16 are estimated at 836,774 metric tons (MT), down 190,616 from last month because of an upward estima te of 2014/15 deliveries for consumption to 4.441million MT. Production for 2015/16 is unchanged at 6.0 million. Deliveries for 2015/16 are increased by 192,477 MT to 4.501 million MT. It is assumed that per capita sweetener consumption is unchanged from 2014/15 at 49.4 kilograms and that consumption of high fructose corn syrup (HFCS) is the same as that estima ted for 2014/15; i.e., 1.420 million MT, dry weight. Ending stocks for 2015/16 are forecast residually at 832,564 MT, down 31.5 percent from last month. The implied stocks-to-consumption ratio is 18.5 percent. LIVESTOCK, POULTRY, AND DAIRY: The forecasts for total meat production in 2015 and 2016 are lowered from last month. Beef producti on for 2015 and 2016 is lowered due to a combination of slower marketings of fed cattle and reduced cow slaughter. Pork production forecasts for 2015 and 2016 are unchanged. Broiler production for 2015 is lo wered from last month as growth in the number of eggs set and chicks placed has slowed. W eaker forecast broiler prices are expected to limit production growth as well. No change is made to 2016 production. Turkey production is raised for 2015 based on hatchery data. Egg production for 2015 is lowered based on second quarter production but no change is made to the forecasts for the remainder of 2015 and 2016. The beef export forecasts for 2015 and 2016 are lowered from last month on the relative strength of the dollar and expectations of weak demand. B eef imports are raised on strength in demand for processing-grade beef. Pork and broiler imports and exports are adjusted to reflect June trade data. The turkey export forecast is reduced for 2015 and 2016 as supplies remain tight. Cattle prices for 2015 and 2016 are reduced from last month on weaker demand. Hog prices are reduced for 2015 as supplies are large. Bro iler prices are lowered for both 2015 and 2016 on competition from relatively lower red meat pric es. Turkey prices for 2015 are raised from last month on tighter supplies. Egg prices for bot h 2015 and 2016 are raised from last month on tight supplies and prices to date. The milk production forecast for 2015 is unchanged from la st month, but weaker milk prices in late 2015 and 2016 result in lower production for 2016 than fo recast last month. Exports are reduced as competition in world markets is expect ed to be robust in both 2015 and 2016 and relatively strong domestic demand will likely encourage increas ed imports. Stocks at the end of 2015 are forecast higher than last month as a result of increased imports and reduc ed exports. Skim stocks for the end of 2016 are also forecast higher than last month. Larger domestic supplies as a result of increas ed imports and weaker ex ports are expected to pressure product prices in 2015. Forecast pric es for butter, cheese, nonfat dry milk (NDM) and whey are lowered from last month. Price forecasts for 2016 for cheese, whey, and NDM are WASDE-544-5 reduced. However, domestic demand strength and expecta tions that milk will flow away from butter and NDM production in 2016 support an increase in t he butter price forecast. NDM prices are expected to be pressured by continued competition in international markets. Class III and Class IV prices are reduced from last month for both 2015 and 2016. The all milk price is forecast at $16.75 to $16.95 per cwt for 2015 and $16.40 to $17.40 per cwt for 2016. COTTON: This month’s 2015/16 U.S. cotton estimates include sharply lower supplies, disappearance, and ending stocks relative to last month. Production for the 2015 crop is reduced 10 percent to 13.1 million bales, based on this season’s first production field survey, which indicates lower planted area, higher abandonment, and a lower average yield compared to last month’s expectations. Beginning stocks are reduced 500,000 bales due to higher-than-expected 2014/15 exports; in addition, the 2014/15 ending stocks estimate includes a preliminary reduction based on reported stocks in public warehouses. U.S. ending stocks for 2014/15 will be revised further as more data becomes available. Dome stic mill use for 2015/16 is reduced marginally, but exports are lowered 800,000 bales due to the lower production. Ending stocks of 3.1 million bales would be 23 percent of total use. The range for t he marketing year average pr ice is raised to 58 to 72 cents per pound, for a midpoint of 65 cents, which is up 3 cents from last month. Projected 2015/16 world cotton stocks are reduced nearly 3 million bales this month, due mainly to lower estimated production in the world’s major co tton-producing countries. In addition to the U.S. reduction, production is lower ed 1.0 million bales in China based on lower reported area and extreme heat in Xinjiang, and 0.5 million bales in India based on lower-than-expected plantings to date. Production is also reduced fo r Uzbekistan, but is raised for Brazil, Australia, and Pakistan. World consumption and trade are raised, due to multip le, mostly offsetting, changes, the largest of which incorporates historical and current incr eases to imports and c onsumption for Bangladesh (see http://apps.fas.usda.gov/psdonline/circulars/cotton.pdf for detailed explanations of revisions for Bangladesh and other countries). World ending stocks are now projected at 105.2 million bales. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Seth D. Meyer, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: CATHERINE E. WOTEKI SECRETARY OF AGRICULTURE DESIGNATE WASDE-544-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Jerry Norton, ICEC Chair, WAOB, E-mail : [email protected] Gary Vocke, ERS; Teresa McKeivier, FAS; Tom Tice, FSA. Rice: Andrew C. Aaronson, ICEC Chair, WAOB, E-mail : [email protected] Nathan Childs, ERS; Yoonhee Macke, FAS; Mark Simone, FSA. Feed Grains: Jerry Norton, IC EC Chair, WAOB, E-mail : [email protected] Thomas Capehart, ERS; Richard O’M eara, FAS; Pete Riley, FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail : [email protected] Mark Ash, ERS; Bill George , FAS; Phil Sronce, FSA. Cotton: Carol Skelly, ICEC Chair, WAOB, E-mail : [email protected] Darryl Earnest, AMS; Leslie Meyer, ERS; Ja mes Johnson, FAS; Tiffany Arthur, FSA. Sugar: Stephen Haley, ICEC Chair, WAOB, E-mail : [email protected] Michael McConnell, ERS; Ron Lord, FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Sherry Wise, AMS; Kenneth Mathews, ERS; Cla ire Mezoughem, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Larry Haller, AMS; David Harvey, ERS; Clair e Mezoughem, FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Uthra Raghunathan, AMS; Jerry Cessna, ERS; P aul Kiendl, FAS; Milton Madison, FSA. In 2015, the WASDE report will be released on Jan. 12, Feb. 10, Mar. 10, Apr. 9, May 12, Jun. 10, Jul. 10, Aug. 12, Sep. 11, Oct. 9, Nov. 10, Dec. 9. WASDE-544-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................... 1 Interagency Commodity Estimates Committees ..................................................... 6 World & U.S. Supply & Use for Grains ................................................................... 8 World & U.S. Supply & Use for Cotton ................................................................... 9 World & U.S. Supply & Use for Oilseeds ............................................................. 10 U.S. Wheat Supply & Use .................................................................................... 11 U.S. Wheat Supply & Use by Class ..................................................................... 11 U.S. Feed Grain & Corn Supply & Use ................................................................ 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13 U.S. Rice Supply & Use ....................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................ 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ............................................................................. 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use ................................................................................. 18 World Coarse Grains Supply & Use ..................................................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use..................................................................................... 24 World Cotton Supply & Use ................................................................................. 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ..................................................................... 29 World Soybean Oil Supply & Use ........................................................................ 30 U.S. Quarterly Animal Product Production ........................................................... 31 U.S. Quarterly Prices for Animal Products ........................................................... 31 U.S. Meats Supply and Use ................................................................................. 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use .................................................................................... 33 U.S. Dairy Prices ................................................................................................. 34 Reliability Tables ................................................................................................. 35 Related USDA Reports ........................................................................................ 38 Metric Conversion Factors ................................................................................... 38 Electronic Access and Subscriptions ....................................................................... 40 August 2015 WASDE - 544 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World OutputTotal SupplyTrade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2013/14 2474.45 2930.22 372.09 2418.33 511.89 2014/15 (Est.) 2495.94 3007.82 379.82 2465.88 541.94 filler filler filler filler filler 2015/16 (Proj.) Jul 2477.26 3017.53 362.61 2485.14 532.39 2015/16 (Proj.) Aug 2481.94 3023.88 364.35 2484.14 539.74 filler filler filler filler filler Wheat 2013/14 715.11 892.13 165.90 698.78 193.35 2014/15 (Est.) 725.25 918.60 165.05 708.94 209.66 filler filler filler filler filler 2015/16 (Proj.) Jul 721.96 934.01 158.07 714.20 219.81 2015/16 (Proj.) Aug 726.55 936.20 156.21 714.74 221.47 filler filler filler filler filler Coarse Grains 5/ 2013/14 1281.15 1449.24 164.45 1238.07 211.17 2014/15 (Est.) 1294.46 1505.63 172.52 1273.36 232.26 filler filler filler filler filler 2015/16 (Proj.) Jul 1274.97 1504.24 162.30 1282.17 222.07 2015/16 (Proj.) Aug 1276.74 1509.01 166.29 1281.58 227.42 filler filler filler filler filler Rice, milled 2013/14 478.19 588.85 41.74 481.48 107.37 2014/15 (Est.) 476.22 583.60 42.24 483.58 100.02 filler filler filler filler filler 2015/16 (Proj.) Jul 480.34 579.28 42.24 488.78 90.51 2015/16 (Proj.) Aug 478.65 578.67 41.86 487.82 90.85 filler filler filler filler filler United States OutputTotal Supply Trade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2013/14 431.31 484.09 89.49 343.20 51.40 2014/15 (Est.) 439.32 498.82 82.71 346.15 69.97 filler filler filler filler filler 2015/16 (Proj.) Jul 427.50 504.95 87.13 349.73 68.09 2015/16 (Proj.) Aug 432.85 510.10 86.85 351.62 71.63 filler filler filler filler filler Wheat 2013/14 58.11 82.23 32.00 34.17 16.07 2014/15 (Est.) 55.13 75.13 23.25 31.39 20.48 filler filler filler filler filler 2015/16 (Proj.) Jul 58.46 82.48 25.86 33.72 22.90 2015/16 (Proj.) Aug 58.13 82.02 25.17 33.72 23.12 filler filler filler filler filler Coarse Grains 5/ 2013/14 367.09 393.85 54.49 305.05 34.31 2014/15 (Est.) 377.12 414.81 56.23 310.63 47.96 filler filler filler filler filler 2015/16 (Proj.) Jul 362.47 413.62 57.79 311.87 43.97 2015/16 (Proj.) Aug 368.21 419.23 58.28 313.79 47.16 filler filler filler filler filler Rice, milled 2013/14 6.12 8.01 3.01 3.98 1.03 2014/15 (Est.) 7.07 8.89 3.23 4.13 1.53 filler filler filler filler filler 2015/16 (Proj.) Jul 6.57 8.85 3.49 4.14 1.22 2015/16 (Proj.) Aug 6.51 8.85 3.40 4.11 1.35 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is e qual to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, ba rley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). August 2015 WASDE - 544 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ OutputTotal Supply Trade 2 /Total UseEnding Stocks Total Grains 4/ 2013/14 2,043.14 2,446.13 282.60 2,075.13 460.48 2014/15 (Est.) 2,056.62 2,509.00 297.11 2,119.74 471.97 filler filler filler filler filler 2015/16 (Proj.) Jul 2,049.76 2,512.58 275.47 2,135.41 464.30 2015/16 (Proj.) Aug 2,049.09 2,513.78 277.51 2,132.52 468.11 filler filler filler filler filler Wheat 2013/14 657.01 809.90 133.90 664.62 177.28 2014/15 (Est.) 670.12 843.47 141.80 677.55 189.17 filler filler filler filler filler 2015/16 (Proj.) Jul 663.50 851.54 132.21 680.48 196.91 2015/16 (Proj.) Aug 668.41 854.18 131.04 681.02 198.34 filler filler filler filler filler Coarse Grains 5/ 2013/14 914.06 1,055.39 109.97 933.02 176.85 2014/15 (Est.) 917.34 1,090.82 116.29 962.73 184.31 filler filler filler filler filler 2015/16 (Proj.) Jul 912.50 1,090.61 104.51 970.30 178.10 2015/16 (Proj.) Aug 908.53 1,089.78 108.01 967.79 180.26 filler filler filler filler filler Rice, milled 2013/14 472.07 580.84 38.73 477.50 106.35 2014/15 (Est.) 469.16 574.71 39.01 479.45 98.49 filler filler filler filler filler 2015/16 (Proj.) Jul 473.77 570.43 38.75 484.64 89.29 2015/16 (Proj.) Aug 472.14 569.82 38.46 483.72 89.50 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world mi nus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales OutputTotal Supply Trade 2 /Total Use 3 /Ending Stocks World 2013/14 120.48 212.31 40.89 110.08 103.06 2014/15 (Est.) 118.98 222.05 35.54 111.80 110.71 filler filler filler filler filler 2015/16 (Proj.) Jul 111.46 222.43 34.05 114.44 108.14 2015/16 (Proj.) Aug 108.99 219.70 34.52 114.65 105.19 filler filler filler filler filler United States 2013/14 12.91 16.72 10.53 3.55 2.35 2014/15 (Est.) 16.32 18.68 11.20 3.55 3.70 filler filler filler filler filler 2015/16 (Proj.) Jul 14.50 18.71 10.80 3.75 4.20 2015/16 (Proj.) Aug 13.08 16.79 10.00 3.70 3.10 filler filler filler filler filler Foreign 4/ 2013/14 107.57 195.59 30.36 106.53 100.71 2014/15 (Est.) 102.66 203.36 24.34 108.25 107.01 filler filler filler filler filler 2015/16 (Proj.) Jul 96.96 203.72 23.25 110.69 103.94 2015/16 (Proj.) Aug 95.91 202.91 24.52 110.95 102.09 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treat ment of export/import imbalances. * Planted area based on March 31 Prospective Plantings . Harvested area based on the previous 10-y ear average abandonment by region, with the Southwest estimated at 15 percent due to favorable moisture. Yield per harvested acre based on the previous 3-year average by region, with the Southwest adjusted to the 10-year average. August 2015 WASDE - 544 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World OutputTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2013/14 505.92 574.00 133.43 419.48 77.61 2014/15 (Est.) 537.10 614.71 143.89 437.00 94.16 filler filler filler filler filler 2015/16 (Proj.) Jul 531.77 626.85 141.76 444.18 102.23 2015/16 (Proj.) Aug 529.05 623.21 144.73 446.02 96.08 filler filler filler filler filler Oilmeals 2013/14 282.52 293.76 82.07 277.25 12.72 2014/15 (Est.) 297.37 310.09 85.23 291.49 13.68 filler filler filler filler filler 2015/16 (Proj.) Jul 303.55 318.05 87.96 299.85 14.02 2015/16 (Proj.) Aug 305.45 319.13 87.99 301.60 12.98 filler filler filler filler filler Vegetable Oils 2013/14 171.42 189.23 70.00 167.02 18.68 2014/15 (Est.) 175.85 194.53 72.74 171.80 18.55 filler filler filler filler filler 2015/16 (Proj.) Jul 181.33 198.47 73.82 179.96 15.58 2015/16 (Proj.) Aug 181.42 199.97 74.73 178.80 17.35 filler filler filler filler filler United States Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2013/14 99.02 107.85 45.55 51.46 3.95 2014/15 (Est.) 117.17 122.91 50.66 54.39 7.99 filler filler filler filler filler 2015/16 (Proj.) Jul 115.05 125.30 49.31 54.39 13.28 2015/16 (Proj.) Aug 115.40 125.09 47.94 54.62 14.47 filler filler filler filler filler Oilmeals 2013/14 39.39 43.50 10.77 32.43 0.29 2014/15 (Est.) 42.53 46.65 11.73 34.58 0.34 filler filler filler filler filler 2015/16 (Proj.) Jul 42.18 46.27 10.96 34.98 0.34 2015/16 (Proj.) Aug 42.49 46.38 10.84 35.21 0.34 filler filler filler filler filler Vegetable Oils 2013/14 10.42 15.60 1.12 13.51 0.98 2014/15 (Est.) 10.82 15.88 1.14 13.67 1.07 filler filler filler filler filler 2015/16 (Proj.) Jul 11.00 16.15 1.19 13.88 1.08 2015/16 (Proj.) Aug 11.02 16.26 1.17 13.88 1.20 filler filler filler filler filler Foreign 3/ OutputTotal Supply TradeTotal Use 2/Ending Stocks Oilseeds 2013/14 406.90 466.15 87.88 368.02 73.65 2014/15 (Est.) 419.93 491.80 93.23 382.61 86.17 filler filler filler filler filler 2015/16 (Proj.) Jul 416.72 501.55 92.44 389.79 88.95 2015/16 (Proj.) Aug 413.65 498.12 96.78 391.39 81.62 filler filler filler filler filler Oilmeals 2013/14 243.13 250.26 71.29 244.81 12.43 2014/15 (Est.) 254.84 263.45 73.50 256.92 13.35 filler filler filler filler filler 2015/16 (Proj.) Jul 261.37 271.78 77.00 264.88 13.68 2015/16 (Proj.) Aug 262.96 272.75 77.15 266.39 12.64 filler filler filler filler filler Vegetable Oils 2013/14 161.00 173.63 68.89 153.51 17.71 2014/15 (Est.) 165.03 178.65 71.59 158.14 17.48 filler filler filler filler filler 2015/16 (Proj.) Jul 170.34 182.31 72.63 166.08 14.50 2015/16 (Proj.) Aug 170.41 183.71 73.56 164.92 16.14 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. August 2015 WASDE - 544 - 11 U.S. Wheat Supply and Use 1/ 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Jul Aug Million Acres Area Planted 56.2 56.8 56.1 56.1 Area Harvested 45.3 46.4 48.5 48.5 Bushels Yield per Harvested Acre 47.1 43.7 44.3 44.1 Million Bushels Beginning Stocks 718 590 753 753 Production 2,135 2,026 2,148 2,136 Imports 169 144 130 125 Supply, Total 3,022 2,760 3,031 3,014 Food 955 958 967 967 Seed 77 81 72 72 Feed and Residual 223 115 200 200 Domestic, Total 1,255 1,154 1,239 1,239 Exports 1,176 854 950 925 Use, Total 2,431 2,008 2,189 2,164 Ending Stocks 590 753 842 850 Avg. Farm Price ($/bu) 2/ 6.87 5.99 4.75 - 5.75 4.65 - 5.55 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red WinterHard Red SpringSoft Red Winter White Durum Total Millio n Bushel s 2014/15 (Est.) Beginning Stocks 237 169 113 50 22 590 Production 738 556 455 224 53 2,026 Supply, Total 3/ 985 791 582 284 120 2,760 Domestic Use 422 307 296 71 57 1,154 Exports 269 270 133 146 37 854 Use, Total 691 578 429 217 94 2,008 Ending Stocks, Total 294 213 153 67 26 753 2015/16 (Proj.) Beginning Stocks 294 213 153 67 26 753 Production 856 576 389 238 77 2,136 Supply, Total 3/ 1,160 834 562 315 143 3,014 Domestic Use 511 287 256 107 78 1,239 Exports 285 315 140 145 40 925 Use, Total 796 602 396 252 118 2,164 Ending Stocks, Total Aug 364 232 166 63 25 850 Ending Stocks, Total Jul 364 224 175 54 23 842 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketi ng-year weighted average price received by farmers. 3/ Includes imports. August 2015 WASDE - 544 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Jul Aug Million Acres Area Planted 109.9 103.4 104.2 * 104.1 Area Harvested 98.1 93.0 93.0 * 92.9 Metric Tons Yield per Harvested Acre 3.74 4.05 3.89 3.96 Million Metric Tons Beginning Stocks 23.5 34.3 48.1 47.9 Production 366.9 376.9 362.3 368.0 Imports 3.0 3.1 2.8 2.8 Supply, Total 393.4 414.4 413.2 418.8 Feed and Residual 133.3 138.9 139.3 140.2 Food, Seed & Industrial 171.4 171.3 172.1 173.1 Domestic, Total 304.6 310.2 311.4 313.4 Exports 54.5 56.2 57.8 58.3 Use, Total 359.1 366.4 369.2 371.6 Ending Stocks 34.3 47.9 44.0 47.1 CORN 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. July August Million Acres Area Planted 95.4 90.6 88.9 * 88.9 Area Harvested 87.5 83.1 81.1 * 81.1 Bushels Yield per Harvested Acre 158.1 171.0 166.8 * 168.8 Million Bushels Beginning Stocks 821 1,232 1,779 1,772 Production 13,829 14,216 13,530 13,686 Imports 36 30 25 30 Supply, Total 14,686 15,477 15,334 15,488 Feed and Residual 5,030 5,300 5,275 5,300 Food, Seed & Industrial 2/ 6,503 6,555 6,585 6,625 Ethanol & by-products 3/ 5,134 5,200 5,225 5,250 Domestic, Total 11,534 11,855 11,860 11,925 Exports 1,920 1,850 1,875 1,850 Use, Total 13,454 13,705 13,735 13,775 Ending Stocks 1,232 1,772 1,599 1,713 Avg. Farm Price ($/bu) 4/ 4.46 3.65 - 3.75 3.45 - 4.05 3.35 - 3.95 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see F eed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data-p roducts/feed-grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn glut en feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by fa rmers. * For July, corn planted and harvested area as reported in the June 30, 2015, "Acreage." Projected corn yield based on a weather adjusted trend model and assumes normal July growing conditions. (For an explanation of the yield trend model s ee Westcott and Jewison, Weather Effects on Expected Corn and Soybean Yields, USDA-ERS, Feed Ou tlook No. (FDS-13G-01), July 2013, www. ers.usda.gov/publications/fds-feed- outlook/fds-13g-01.aspx.) August 2015 WASDE - 544 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Jul Aug Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 8.1 7.1 8.8 * 8.7 Area Harvested (mil. acres) 6.6 6.4 7.8 * 7.7 Yield (bushels/acre) 59.6 67.6 65.0 * 74.6 Beginning Stocks 15 34 17 17 Production 392 433 505 573 Imports 0000 Supply, Total 408 467 522 589 Feed and Residual 93 85 90 105 Food, Seed & Industrial 70 15 15 15 Total Domestic 162 100 105 120 Exports 211 350 390 430 Use, Total 374 450 495 550 Ending Stocks 34 17 27 39 Avg. Farm Price ($/bu) 2/ 4.28 3.95 - 4.05 3.65 - 4.45 3.50 - 4.30 Filler Filler Filler Filler Filler BARLEY 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. July August Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.5 3.0 3.4 * 3.4 Area Harvested (mil. acres) 3.0 2.4 2.9 * 2.9 Yield (bushels/acre) 71.3 72.4 71.3 * 71.8 Beginning Stocks 80 82 79 79 Production 217 177 208 210 Imports 19 24 25 20 Supply, Total 316 283 312 308 Feed and Residual 66 38 65 60 Food, Seed & Industrial 153 151 153 153 Total Domestic 219 190 218 213 Exports 14 14 10 15 Use, Total 234 204 228 228 Ending Stocks 82 79 84 80 Avg. Farm Price ($/bu) 2/ 6.06 5.30 4.20 - 5.00 4.20 - 5.00 Filler Filler Filler Filler Filler OATS 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. July August Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.0 2.7 3.1 * 3.1 Area Harvested (mil. acres) 1.0 1.0 1.2 * 1.2 Yield (bushels/acre) 64.1 67.7 68.6 * 70.0 Beginning Stocks 36 25 54 54 Production 65 70 84 85 Imports 97 107 95 95 Supply, Total 198 202 232 234 Feed and Residual 98 69 95 95 Food, Seed & Industrial 73 77 77 77 Total Domestic 172 146 172 172 Exports 2222 Use, Total 173 148 174 174 Ending Stocks 25 54 58 60 Avg. Farm Price ($/bu) 2/ 3.75 3.21 2.10 - 2.70 2.05 - 2.65 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing y ear beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing-year weighted aver age price received by farmers. * For July--Sorghum planted and harvested area as reported in the June 30, 2015, "Acreage." Sorghum yield ba sed on the average for 1990-2014 excluding years that are more than 1 standard deviation from the mean for the period. Barl ey and oats area planted, area harvested, yield, and production as reported in the July 10, 2015, "Crop Production." August 2015 WASDE - 544 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Jul Aug Million Acres Area Planted 2.49 2.94 2.77 * 2.77 Area Harvested 2.47 2.92 2.74 * 2.74 Filler Pounds Yield per Harvested Acre 7,694 7,572 7,544 * 7,472 Million Hundredweight Beginning Stocks 2/ 36.4 31.8 46.4 47.9 Production 190.0 221.0 207.0 205.0 Imports 23.1 25.0 25.0 25.5 Supply, Total 249.5 277.9 278.4 278.4 Domestic & Residual 3/ 124.4 129.0 130.0 129.0 Exports, Total 4/ 93.3 101.0 110.0 107.0 Rough 28.0 34.5 35.0 35.0 Milled (rough equiv.) 65.3 66.5 75.0 72.0 Use, Total 217.7 230.0 240.0 236.0 Ending Stocks 31.8 47.9 38.4 42.4 Avg. Milling Yield (%) 5/ 71.00 70.50 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 16.30 13.30 13.00 - 14.00 13.40 - 14.40 Total LONG-GRAIN RICE 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. July August Harvested Acres (mil.) 1.77 2.19 Yield (pounds/acre) 7,464 7,408 Beginning Stocks 21.9 16.2 25.6 29.1 Production 131.9 162.4 152.5 149.0 Supply, Total 7/ 173.3 200.1 199.6 200.1 Domestic & Residual 3/ 95.3 100.0 100.0 99.0 Exports 8/ 61.9 71.0 76.0 74.0 Use, Total 157.1 171.0 176.0 173.0 Ending Stocks 16.2 29.1 23.6 27.1 Avg. Farm Price ($/cwt) 6/ 15.40 11.90 10.90 - 11.90 11.50 - 12.50 Filler Filler Filler Filler Filler MEDIUM & SHORT-GRAIN RICE 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. July August Harvested Acres (mil.) 0.70 0.73 Yield (pounds/acre) 8,270 8,068 Beginning Stocks 12.2 13.3 18.5 16.5 Production 58.1 58.7 54.5 56.0 Supply, Total 7/ 73.8 75.5 76.5 76.0 Domestic & Residual 3/ 29.1 29.0 30.0 30.0 Exports 8/ 31.4 30.0 34.0 33.0 Use, Total 60.5 59.0 64.0 63.0 Ending Stocks 13.3 16.5 12.5 13.0 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 19.20 17.90 17.80 - 18.80 17.80 - 18.80 California 10/ 20.70 20.50 20.50 - 21.50 20.50 - 21.50 Other States 1/ 15.70 14.60 14.30 - 15.30 14.30 - 15.30 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2013/14-2.1; 2014/15-2.3; 2015/16-2.3. 3/ Re sidual includes unreported use , processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and e nding stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice pr oduced divided by the quantity of rough rice milled. The 2013/14 and 2014/15 milling yield is based on the Farm Service Ag ency (FSA) warehouse stored loan data for long, medium, an d short grain rice. The 2015/16 milling yield is calculated using the previous five-year Olympic average-- 2010/11-2014/15. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short-grain season-average- farm price (SAFP) largely reflects rice that is markete d through price pools in Califor nia. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average differen ce between the August WASDE SAFP forecast and th e final price has averaged $1.65 per cwt from 2008 /09-2013/14, with a high of $3.50 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. * For July-- Pl anted and harvested area reported in June 30 "Acreag e" report. Projected yield is based on linear trend analysis by rice class for the period 1990/91 to 2014/15. August 2015 WASDE - 544 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. ulJ Aug Filler Filler Filler Filler Filler Million Acres Area Planted 76.8 83.7 85.1 * 84.3 Area Harvested 76.3 83.1 84.4 * 83.5 Filler Bushels Yield per Harvested Acre 44.0 47.8 46.0 * 46.9 Million Bushels Beginning Stocks 141 92 255 240 Production 3,358 3,969 3,885 3,916 Imports 72 30 30 30 Supply, Total 3,570 4,091 4,170 4,186 Crushings 1,734 1,845 1,840 1,860 Exports 1,638 1,825 1,775 1,725 Seed 97 98 92 92 Residual 98 33 84 0 Use, Total 3,478 3,851 3,744 3,717 Ending Stocks 92 240 425 470 Avg. Farm Price ($/bu) 2/ 13.00 10.05 8.50 - 10.00 8.40 - 9.90 Total SOYBEAN OIL 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. July August Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,705 1,165 1,395 1,520 Production 4/ 20,130 21,055 21,270 21,500 Imports 165 250 175 200 Supply, Total 22,000 22,470 22,840 23,220 Domestic Disappearance 18,958 19,000 19,300 19,400 Biodiesel 3/ 5,010 5,000 5,100 5,100 Food, Feed & other Industrial 13,948 14,000 14,200 14,300 Exports 1,877 1,950 2,000 2,000 Use, Total 20,835 20,950 21,300 21,400 Ending stocks 1,165 1,520 1,540 1,820 Avg. Price (c/lb) 2/ 38.23 32.00 30.50 - 33.50 29.50 - 32.50 Total SOYBEAN MEAL 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. July August Filler 1 2 3 4 Thousand Shor t Tons Beginning Stocks 275 250 300 300 Production 4/ 40,685 44,200 43,725 44,225 Imports 383 350 325 325 Supply, Total 41,343 44,800 44,350 44,850 Domestic Disappearance 29,547 31,850 32,300 32,900 Exports 11,546 12,650 11,750 11,650 Use, Total 41,093 44,500 44,050 44,550 Ending Stocks 250 300 300 300 Avg. Price ($/s.t.) 2/ 489.94 370.00 315.00 - 355.00 310.00 - 350.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average pri ce received by farmers; oil, simple average of crude soybean oil , Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made from methyl es ter as reported by the U.S. En ergy Information Administration. 4/ Based on an October year crush of 1,865 million bushels for 2014/15 and 1,860 million bushe ls for 2015/16. *Planted and harvested acres are reported in the June 30, 2 015, “Acreage” report. The projected yield is based on a weather adjusted trend model and assumes normal summer weat her. (See Westcott and Jewison, Weather Effects on Expected Cor n and Soybean Yields, USDA-ERS, Feed Outlook No. (FDS-13G-01), July 2013, www.ers.usda.gov/ publications/fds-feed-outlook/fds-13g-01.aspx.) August 2015 WASDE - 544 - 16 U.S. Sugar Supply and Use 1/ 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Jul Aug Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 2,158 1,810 1,729 1,821 Production 2/ 8,462 8,614 8,765 8,800 Beet Sugar 4,794 4,825 4,980 4,980 Cane Sugar 3,667 3,789 3,785 3,820 Florida 1,763 1,975 1,875 1,910 Hawaii 168 175 190 190 Louisiana 1,591 1,520 1,590 1,590 Texas 145 119 130 130 Imports 3,742 3,482 3,364 3,369 TRQ 3/ 1,302 1,616 1,491 1,491 Other Program 4/ 305 425 315 315 Other 5/ 2,135 1,441 1,559 1,563 Mexico 2,130 1,426 1,549 1,548 Total Supply 14,361 13,906 13,858 13,990 Exports 306 200 200 200 Deliveries 12,246 11,885 12,010 12,010 Food 6/ 11,819 11,750 11,875 11,875 Other 7/ 427 135 135 135 Miscellaneous 0000 Total Use 12,552 12,085 12,210 12,210 Ending Stocks 8/ 1,810 1,821 1,648 1,780 Stocks to Use Ratio 14.4 15.1 13.5 14.6 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD ). 2/ Production projections for 2014/15 and 2015/16 are based on Crop Production and processo r projections where appropriate. 3/ For 2015/16, WTO raw sugar TRQ shortfall (99). For 2014/15, WTO raw sugar TRQ shortfall (33). 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ For 2013/14, other high-tier (5 ) and other (0). For 2014/15, other high-tier (15) and other (0). For 2015/16, other high-tier (15) and other (0). 6/Co mbines SMD deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar-containing products for reexport, and for nonedible alcohol, feed, and ethanol. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2014/15 Est. Jul 831 5,985 155 4,574 1,370 1,027 2014/15 Est. Aug 831 5,985 155 4,764 1,370 837 2015/16 Proj. Jul 1,027 6,000 155 4,632 1,335 1,216 2015/16 Proj. Aug 837 6,000 155 4,825 1,335 833 1/ HFCS imports by Mexico (1,000 metric tons, dry ba sis): Oct-Sep 2013/14 = 913, Oct-June 2013/14 = 659, Oct-June 2014/15 = 718 . Footnote source: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes domestic consumption, Mexico's products export program (IMMEX), and any residual statistical discrepancies. IMMEX: 2014/15 (324 est), 2015/16 (324 proj). Statistical Adjustment: 2014/15 (0), 2015/16 (0). August 2015 WASDE - 544 - 17 U.S. Cotton Supply and Use 1/ 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Jul Aug Filler Filler Filler Filler Filler Area Million Acres Planted 10.41 11.04 9.00 ** 8.90 Harvested 7.54 9.35 8.50 ** 7.89 Filler Pounds Yield per Harvested Acre 821 838 819 ** 795 Million 480 Pound Bales Beginning Stocks 3.80 2.35 4.20 3.70 Production 12.91 16.32 14.50 13.08 Imports 0.01 0.01 0.01 0.01 Supply, Total 16.72 18.68 18.71 16.79 Domestic Use 3.55 3.55 3.75 3.70 Exports, Total 10.53 11.20 10.80 10.00 Use, Total 14.08 14.75 14.55 13.70 Unaccounted 2/ 0.29 0.23 -0.04 -0.01 Ending Stocks 2.35 3.70 4.20 3.10 Avg. Farm Price 3/ 77.9 60.5 54.00 - 70.00 58.00 - 72.00 Total Note: Reliability calculations at end of report. 1/ Upland and extra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference be tween the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. **Planted area from the June 30 Acreage report. Harvested area based on the previous 10-year average abandonment by region, with the Southw est estimated at 7.5 percent due to favorable moisture. Yield per harvested acre based on previous 3-year average yiel ds by region, with the Southwest adjusted due to favorable moisture. August 2015 WASDE - 544 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 177.02 715.11 158.24 126.74 698.78 165.90 193.35 United States 19.54 58.11 4.59 6.08 34.17 32.00 16.07 Total Foreign 157.48 657.01 153.65 120.66 664.62 133.90 177.28 Major Exporters 4/ 20.72 217.75 4.58 56.90 139.61 76.17 27.27 Argentina 0.29 10.50 0.00 0.10 6.05 2.25 2.49 Australia 4.67 25.30 0.15 3.60 6.95 18.62 4.56 Canada 5.05 37.53 0.45 4.20 9.41 23.27 10.35 European Union 5/ 10.71 144.42 3.97 49.00 117.20 32.03 9.87 Major Importers 6/ 83.62 194.11 87.36 28.30 259.91 5.19 100.00 Brazil 1.00 5.30 7.07 0.60 11.40 0.08 1.89 China 53.96 121.93 6.77 16.00 116.50 0.89 65.27 Sel. Mideast 7/ 8.94 18.97 20.69 4.92 36.10 0.49 12.02 N. Africa 8/ 11.49 19.72 25.27 2.68 42.42 0.50 13.55 Pakistan 2.62 24.00 0.40 0.60 24.10 0.75 2.17 Southeast Asia 9/ 3.78 0.00 16.41 2.46 15.86 0.89 3.45 Selected Other India 24.20 93.51 0.03 4.80 93.85 6.05 17.83 FSU-12 13.92 103.87 7.41 22.75 72.94 37.15 15.12 Russia 4.95 52.09 0.80 12.50 34.10 18.57 5.18 Kazakhstan 2.94 13.94 0.01 2.00 6.80 8.10 1.99 Ukraine 2.58 22.28 0.07 3.40 11.50 9.76 3.67 2014/15 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 193.35 725.25 160.25 134.52 708.94 165.05 209.66 United States 16.07 55.13 3.93 3.12 31.39 23.25 20.48 Total Foreign 177.28 670.12 156.31 131.39 677.55 141.80 189.17 Major Exporters 4/ 27.27 221.92 6.67 64.60 148.78 81.70 25.37 Argentina 2.49 12.50 0.04 0.30 6.35 5.50 3.18 Australia 4.56 23.67 0.15 3.80 7.20 17.00 4.18 Canada 10.35 29.30 0.48 6.00 11.33 24.00 4.80 European Union 5/ 9.87 156.45 6.00 54.50 123.90 35.20 13.22 Major Importers 6/ 100.00 196.47 85.84 30.43 263.77 7.85 110.70 Brazil 1.89 6.00 6.00 0.30 11.10 1.70 1.09 China 65.27 126.17 1.93 17.00 118.00 0.80 74.57 Sel. Mideast 7/ 12.02 17.37 21.61 4.55 36.18 1.53 13.28 N. Africa 8/ 13.55 16.90 25.28 2.48 42.68 0.61 12.44 Pakistan 2.17 25.50 0.75 1.00 24.50 0.70 3.22 Southeast Asia 9/ 3.45 0.00 19.90 4.31 18.17 0.94 4.24 Selected Other India 17.83 95.85 0.05 4.50 93.13 3.40 17.20 FSU-12 15.12 112.73 7.76 24.60 75.86 40.66 19.09 Russia 5.18 59.08 0.35 13.00 35.50 22.70 6.41 Kazakhstan 1.99 13.00 0.60 2.00 6.80 6.00 2.78 Ukraine 3.67 24.75 0.05 4.00 12.00 11.30 5.17 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Austra lia, Canada, and the European Union. 5/ Trade excludes intra- trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Ph ilippines, Thailand, and Vietnam. August 2015 WASDE - 544 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Jul 212.06 721.96 155.26 133.20 714.20 158.07 219.81 Aug 209.66 726.55 155.07 136.10 714.74 156.21 221.47 United States Jul 20.48 58.46 3.54 5.44 33.72 25.86 22.90 Aug 20.48 58.13 3.40 5.44 33.72 25.17 23.12 Total Foreign Jul 191.57 663.50 151.73 127.76 680.48 132.21 196.91 Aug 189.17 668.41 151.67 130.66 681.02 131.04 198.34 Major Exporters 4/ Jul 27.68 212.88 7.14 62.80 146.48 75.70 25.52 Aug 25.37 211.42 7.14 63.80 147.33 73.00 23.61 Argentina Jul 3.68 11.50 0.03 0.10 6.15 6.70 2.36 Aug 3.18 11.10 0.03 0.10 6.15 5.50 2.66 Australia Jul 4.18 26.00 0.15 3.90 7.33 18.50 4.50 Aug 4.18 26.00 0.15 3.90 7.33 18.50 4.50 Canada Jul 5.10 27.50 0.46 3.80 9.00 19.50 4.56 Aug 4.80 26.50 0.46 3.80 9.00 18.00 4.76 European Union 5/ Jul 14.72 147.88 6.50 55.00 124.00 31.00 14.10 Aug 13.22 147.82 6.50 56.00 124.85 31.00 11.69 Major Importers 6/ Jul 110.73 203.22 82.45 28.62 265.30 6.44 124.66 Aug 110.70 203.42 82.87 29.07 265.57 6.32 125.10 Brazil Jul 1.19 6.50 6.50 0.60 11.60 1.00 1.59 Aug 1.09 6.50 6.50 0.60 11.50 1.00 1.59 China Jul 74.29 130.00 2.00 15.00 116.50 1.00 88.79 Aug 74.57 130.00 2.20 15.00 116.50 1.00 89.27 Sel. Mideast 7/ Jul 13.43 17.86 20.25 4.65 37.10 0.83 13.61 Aug 13.28 17.86 19.47 4.85 37.32 0.83 12.46 N. Africa 8/ Jul 12.75 19.36 24.60 2.88 44.23 0.55 11.94 Aug 12.44 19.56 25.30 2.88 44.13 0.63 12.55 Pakistan Jul 3.22 25.00 0.10 1.00 24.60 0.60 3.12 Aug 3.22 25.00 0.10 1.00 24.60 0.60 3.12 Southeast Asia 9/ Jul 4.09 0.00 18.80 3.84 18.13 0.89 3.88 Aug 4.24 0.00 19.10 3.94 18.23 0.89 4.23 Selected Other India Jul 17.20 90.00 1.00 4.80 96.00 0.30 11.90 Aug 17.20 90.00 0.80 4.80 95.80 0.30 11.90 FSU-12 Jul 19.26 109.88 6.89 24.13 76.44 40.86 18.74 Aug 19.09 115.03 7.09 25.33 77.63 42.41 21.18 Russia Jul 6.91 57.00 0.35 13.00 36.00 22.00 6.26 Aug 6.41 60.00 0.35 13.50 36.50 23.00 7.26 Kazakhstan Jul 2.78 13.50 0.03 2.00 6.80 6.00 3.51 Aug 2.78 14.00 0.03 2.00 6.80 6.00 4.01 Ukraine Jul 4.97 24.00 0.05 4.00 12.20 12.50 4.32 Aug 5.17 25.50 0.05 4.50 12.70 13.00 5.02 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Austra lia, Canada, and the European Union. 5/ Trade excludes intra- trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Ph ilippines, Thailand, and Vietnam. August 2015 WASDE - 544 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 168.09 1,281.15 156.10 736. 58 1,238.07 164.45 211.17 United States 23.53 367.09 3.23 133.44 305.05 54.49 34.31 Total Foreign 144.55 914.06 152.87 603.14 933.02 109.97 176.85 Major Exporters 4/ 21.81 174.75 1.82 81.09 111.23 56.45 30.70 Argentina 2.47 35.67 0.00 8.74 13.60 21.27 3.27 Australia 0.85 12.16 0.00 3.36 5.04 6.92 1.05 Brazil 14.56 82.60 1.11 48.28 58.03 20.98 19.26 Canada 3.08 28.75 0.54 15.19 22.45 5.29 4.63 Major Importers 5/ 33.52 249.81 112.99 259.12 341.58 10.97 43.77 European Union 6/ 13.08 159.02 16.24 122.36 164.11 8.63 15.61 Japan 0.98 0.19 17.50 12.88 17.64 0.00 1.03 Mexico 1.63 32.02 11.32 23.62 40.89 0.50 3.58 N. Afr & Mideast 7/ 9.93 31.12 30.66 50.38 57.94 0.30 13.46 Saudi Arabia 3.39 0.36 11.69 11.13 11.55 0.00 3.89 Southeast Asia 8/ 2.83 26.84 10.73 26.86 34.96 1.54 3.90 South Korea 1.29 0.20 10.50 7.80 10.11 0.00 1.88 Selected Other China 68.38 225.07 12.45 161.78 227.60 0.03 78.26 FSU-12 5.04 87.63 0.80 39.97 55.63 30.85 6.97 Russia 1.38 35.74 0.26 18.90 28.62 6.95 1.80 Ukraine 2.33 39.92 0.08 12.22 15.93 22.77 3.64 2014/15 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ ExportsEnding Stocks World 3/ 211.17 1,294.46 160.16 760. 38 1,273.36 172.52 232.26 United States 34.31 377.12 3.37 139.08 310.63 56.23 47.96 Total Foreign 176.85 917.34 156.78 621.29 962.73 116.29 184.31 Major Exporters 4/ 30.70 165.18 3.12 82.09 112.47 57.82 28.72 Argentina 3.27 33.53 0.01 9.17 14.33 19.71 2.77 Australia 1.05 11.35 0.00 3.39 5.06 6.53 0.81 Brazil 19.26 86.60 1.13 50.20 59.93 27.04 20.02 Canada 4.63 21.92 1.64 13.80 21.15 3.80 3.23 Major Importers 5/ 43.77 257.47 106.86 261.45 344.93 15.04 48.13 European Union 6/ 15.61 169.73 9.34 120.80 163.10 13.63 17.95 Japan 1.03 0.17 17.29 12.78 17.44 0.00 1.05 Mexico 3.58 32.33 10.55 24.42 41.94 0.51 4.01 N. Afr & Mideast 7/ 13.46 26.88 33.36 51.53 59.49 0.11 14.10 Saudi Arabia 3.89 0.36 11.85 11.55 12.03 0.00 4.07 Southeast Asia 8/ 3.90 27.67 10.09 28.19 36.19 0.80 4.68 South Korea 1.88 0.21 10.09 8.05 10.32 0.00 1.86 Selected Other China 78.26 222.17 21.25 171.40 239.45 0.05 82.18 FSU-12 6.97 91.45 0.84 42.13 58.29 33.05 7.93 Russia 1.80 40.39 0.16 21.08 31.44 8.32 2.58 Ukraine 3.64 39.35 0.06 11.85 15.49 23.91 3.65 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjust ed to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in som e countries. 4/ Argentina, Australia, Canada, Brazil, a nd South Africa. 5/ The European Union, Me xico, Japan, selected North Africa and Midd le East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes in tra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, M orocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2015 WASDE - 544 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Jul 229.27 1,274.97 158.39 773. 72 1,282.17 162.30 222.07 Aug 232.26 1,276.74 160.68 770. 79 1,281.58 166.29 227.42 United States Jul 48.11 362.47 3.05 139.53 311.87 57.79 43.97 Aug 47.96 368.21 3.06 140.44 313.79 58.28 47.16 Total Foreign Jul 181.16 912.50 155.35 634.19 970.30 104.51 178.10 Aug 184.31 908.53 157.62 630.35 967.79 108.01 180.26 Major Exporters 4/ Jul 27.42 163.09 2.85 84.97 115.59 54.67 23.10 Aug 28.72 164.09 3.02 84.80 115.41 55.17 25.25 Argentina Jul 2.64 33.46 0.01 9.59 15.05 19.31 1.75 Aug 2.77 33.46 0.01 9.62 15.08 19.11 2.05 Australia Jul 0.81 12.58 0.00 3.44 5.12 7.33 0.95 Aug 0.81 12.58 0.00 3.44 5.12 7.33 0.95 Brazil Jul 19.02 79.58 1.20 52.09 61.84 23.02 14.94 Aug 20.02 81.58 1.20 52.09 61.84 24.02 16.94 Canada Jul 3.05 23.40 1.54 14.23 21.56 3.50 2.93 Aug 3.23 22.40 1.71 14.03 21.36 3.20 2.78 Major Importers 5/ Jul 47.53 249.51 106.07 267.19 351.05 11.62 40.45 Aug 48.13 246.03 107.42 264.89 348.45 11.12 42.01 European Union 6/ Jul 18.24 155.70 14.26 121.53 163.93 10.31 13.97 Aug 17.95 151.92 15.36 119.53 161.83 9.81 13.59 Japan Jul 1.05 0.17 17.39 12.68 17.54 0.00 1.07 Aug 1.05 0.17 17.19 12.68 17.34 0.00 1.07 Mexico Jul 3.38 31.98 10.63 24.97 42.54 0.50 2.94 Aug 4.01 31.98 10.58 24.97 42.54 0.50 3.52 N. Afr & Mideast 7/ Jul 13.85 32.17 28.97 54.13 62.09 0.17 12.73 Aug 14.10 32.47 28.97 54.13 62.09 0.17 13.28 Saudi Arabia Jul 4.57 0.25 11.03 11.75 12.15 0.00 3.69 Aug 4.07 0.25 11.53 11.75 12.15 0.00 3.69 Southeast Asia 8/ Jul 4.58 28.91 9.32 29.76 37.87 0.64 4.30 Aug 4.68 28.91 9.32 29.56 37.67 0.64 4.60 South Korea Jul 1.46 0.20 10.09 8.14 10.42 0.00 1.33 Aug 1.86 0.20 10.09 8.04 10.32 0.00 1.84 Selected Other China Jul 80.88 235.50 20.25 173.13 243.48 0.08 93.08 Aug 82.18 231.50 21.25 173.13 243.48 0.08 91.38 FSU-12 Jul 7.89 83.46 0.82 43.43 59.71 26.49 5.96 Aug 7.93 87.06 0.82 42.43 58.61 30.99 6.20 Russia Jul 2.58 38.80 0.16 21.65 32.10 7.61 1.83 Aug 2.58 39.30 0.16 21.65 32.10 8.11 1.83 Ukraine Jul 3.66 33.13 0.06 12.20 15.81 18.18 2.86 Aug 3.65 36.43 0.06 11.30 14.81 22.18 3.14 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjust ed to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in som e countries. 4/ Argentina, Australia, Canada, Brazil, a nd South Africa. 5/ The European Union, Me xico, Japan, selected North Africa and Midd le East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes in tra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, M orocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2015 WASDE - 544 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 137.18 990.78 123.93 573.74 952.99 131.10 174.97 United States 20.86 351.27 0.91 127.77 292.97 48.78 31.29 Total Foreign 116.32 639.50 123.02 445.97 660.02 82.32 143.68 Major Exporters 4/ 16.12 120.98 0.86 57.20 75.30 40.03 22.64 Argentina 1.31 26.00 0.00 5.80 8.80 17.10 1.41 Brazil 14.15 80.00 0.79 46.00 55.00 20.97 18.97 South Africa 0.66 14.98 0.07 5.40 11.50 1.96 2.26 Major Importers 5/ 12.27 120.27 76.03 133.46 185.52 4.44 18.62 Egypt 1.08 5.80 8.73 11.00 13.20 0.00 2.40 European Union 6/ 5.15 64.66 15.92 58.00 76.50 2.40 6.82 Japan 0.52 0.00 15.12 10.70 15.10 0.00 0.55 Mexico 1.06 22.88 10.95 15.20 31.70 0.50 2.69 Southeast Asia 7/ 2.82 26.78 10.72 26.80 34.90 1.53 3.89 South Korea 1.27 0.08 10.41 7.76 9.89 0.00 1.86 Selected Other 0.00 Canada 1.55 14.19 0.51 7.52 12.70 1.95 1.60 China 67.57 218.49 3.28 154.00 212.00 0.02 77.32 FSU-12 2.00 46.90 0.46 18.37 21.14 24.81 3.42 Ukraine 1.19 30.90 0.07 8.30 9.70 20.00 2.45 2014/15 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 174.97 1,006.24 118.57 596.92 983.79 129.09 197.42 United States 31.29 361.09 0.76 134.63 301.13 46.99 45.02 Total Foreign 143.68 645.15 117.81 462.29 682.66 82.10 152.40 Major Exporters 4/ 22.64 121.80 1.06 59.50 77.80 44.70 22.99 Argentina 1.41 26.50 0.01 6.10 9.40 17.00 1.51 Brazil 18.97 84.00 0.80 48.00 57.00 27.00 19.77 South Africa 2.26 11.30 0.25 5.40 11.40 0.70 1.71 Major Importers 5/ 18.62 133.90 65.95 138.60 191.38 5.10 21.99 Egypt 2.40 5.96 7.50 11.50 13.90 0.01 1.95 European Union 6/ 6.82 75.13 9.00 59.00 78.00 3.80 9.15 Japan 0.55 0.00 14.90 10.60 14.90 0.00 0.55 Mexico 2.69 25.00 10.30 17.30 34.05 0.50 3.44 Southeast Asia 7/ 3.89 27.62 10.05 28.10 36.10 0.79 4.67 South Korea 1.86 0.08 10.00 8.00 10.10 0.00 1.84 Selected Other 0.00 Canada 1.60 11.50 1.50 7.50 12.80 0.50 1.30 China 77.32 215.67 4.30 156.00 216.00 0.03 81.26 FSU-12 3.42 43.47 0.47 19.02 21.84 22.17 3.35 Ukraine 2.45 28.45 0.05 8.30 9.70 19.00 2.25 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Braz il, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indone sia, Malaysia, Philippines, Thailand, and Vietnam. August 2015 WASDE - 544 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Jul 193.95 987.11 120.83 609.46 991.10 122.56 189.95 Aug 197.42 985.61 121.66 605.55 987.94 123.43 195.09 United States Jul 45.18 343.68 0.64 133.99 301.26 47.63 40.61 Aug 45.02 347.64 0.76 134.63 302.91 46.99 43.53 Total Foreign Jul 148.77 643.43 120.20 475.47 689.84 74.94 149.35 Aug 152.40 637.97 120.90 470.92 685.03 76.44 151.56 Major Exporters 4/ Jul 21.99 115.50 0.83 62.00 80.40 40.00 17.92 Aug 22.99 117.50 0.83 62.00 80.40 41.00 19.92 Argentina Jul 1.51 25.00 0.01 6.50 10.00 15.50 1.02 Aug 1.51 25.00 0.01 6.50 10.00 15.50 1.02 Brazil Jul 18.77 77.00 0.80 50.00 59.00 23.00 14.57 Aug 19.77 79.00 0.80 50.00 59.00 24.00 16.57 South Africa Jul 1.71 13.50 0.03 5.50 11.40 1.50 2.33 Aug 1.71 13.50 0.03 5.50 11.40 1.50 2.33 Major Importers 5/ Jul 20.39 124.34 70.90 142.75 195.88 3.65 16.11 Aug 21.99 120.82 71.70 140.45 193.38 3.15 18.00 Egypt Jul 1.95 6.00 8.00 12.10 14.50 0.01 1.44 Aug 1.95 6.00 8.00 12.10 14.50 0.01 1.44 European Union 6/ Jul 8.85 65.77 14.00 61.00 80.00 2.50 6.12 Aug 9.15 62.25 15.00 59.00 78.00 2.00 6.40 Japan Jul 0.55 0.00 15.00 10.50 15.00 0.00 0.55 Aug 0.55 0.00 14.80 10.50 14.80 0.00 0.55 Mexico Jul 2.64 23.50 10.30 17.15 33.95 0.50 1.99 Aug 3.44 23.50 10.30 17.15 33.95 0.50 2.79 Southeast Asia 7/ Jul 4.57 28.86 9.30 29.70 37.80 0.64 4.29 Aug 4.67 28.86 9.30 29.50 37.60 0.64 4.59 South Korea Jul 1.44 0.08 10.00 8.10 10.20 0.00 1.32 Aug 1.84 0.08 10.00 8.00 10.10 0.00 1.82 Selected Other Canada Jul 1.30 12.30 1.50 8.00 13.35 0.50 1.25 Aug 1.30 12.30 1.50 8.00 13.35 0.50 1.25 China Jul 79.96 229.00 3.00 158.00 220.00 0.05 91.91 Aug 81.26 225.00 3.00 157.00 219.00 0.05 90.21 FSU-12 Jul 3.40 42.66 0.49 20.84 23.71 19.68 3.16 Aug 3.35 43.96 0.49 19.84 22.71 21.68 3.41 Ukraine Jul 2.35 26.00 0.05 9.00 10.40 16.00 2.00 Aug 2.25 27.00 0.05 8.10 9.50 17.50 2.30 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to di fferences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and Sout h Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra- trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2015 WASDE - 544 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ 110.66 478.19 38.38 481.48 41.74 107.37 United States 1.16 6.12 0.73 3.98 3.01 1.03 Total Foreign 109.50 472.07 37.65 477.50 38.73 106.35 Major Exporters 4/ 39.61 161.86 0.63 134.66 30.64 36.81 India 25.44 106.54 0.00 99.18 10.15 22.65 Pakistan 0.50 6.70 0.03 2.60 3.20 1.43 Thailand 12.81 20.46 0.30 10.88 10.97 11.72 Vietnam 0.86 28.16 0.30 22.00 6.33 1.00 Major Importers 5/ 12.51 64.32 12.43 76.99 1.10 11.17 Brazil 0.53 8.30 0.55 7.90 0.82 0.66 European Union 6/ 1.19 1.94 1.53 3.25 0.24 1.16 Indonesia 6.48 36.30 1.23 38.50 0.00 5.50 Nigeria 0.89 2.77 2.80 5.80 0.00 0.66 Philippines 1.49 11.86 1.20 12.85 0.00 1.70 Sel. Mideast 7/ 1.50 1.95 3.96 6.12 0.00 1.29 Selected Other 0.00 Burma 0.55 11.96 0.00 10.45 1.69 0.37 C. Amer & Carib 8/ 0.52 1.72 1.42 3.17 0.01 0.48 China 46.83 142.53 4.02 146.30 0.26 46.81 Egypt 0.43 4.75 0.03 4.00 0.60 0.60 Japan 2.86 7.94 0.66 8.29 0.06 3.11 Mexico 0.19 0.13 0.69 0.86 0.00 0.15 South Korea 0.78 4.23 0.31 4.42 0.00 0.90 2014/15 Est. Beginning Stocks Production ImportsTotal /2 Domestic ExportsEnding Stocks World 3/ 107.37 476.22 40.95 483.58 42.24 100.02 United States 1.03 7.07 0.79 4.13 3.23 1.53 Total Foreign 106.35 469.16 40.16 479.45 39.01 98.49 Major Exporters 4/ 36.81 156.20 0.73 135.65 30.30 27.78 India 22.65 102.50 0.00 99.25 10.60 15.30 Pakistan 1.43 6.90 0.03 2.80 4.00 1.56 Thailand 11.72 18.75 0.30 11.70 9.00 10.07 Vietnam 1.00 28.05 0.40 21.90 6.70 0.85 Major Importers 5/ 11.17 64.72 14.72 78.35 1.31 10.95 Brazil 0.66 8.50 0.50 7.90 1.00 0.76 European Union 6/ 1.16 1.88 1.63 3.27 0.28 1.13 Indonesia 5.50 36.30 1.25 38.60 0.00 4.45 Nigeria 0.66 2.84 4.00 6.40 0.00 1.09 Philippines 1.70 11.88 1.70 13.20 0.00 2.08 Sel. Mideast 7/ 1.29 1.98 4.21 6.26 0.00 1.22 Selected Other 0.00 Burma 0.37 12.60 0.00 10.55 2.00 0.42 C. Amer & Carib 8/ 0.48 1.75 1.54 3.29 0.01 0.46 China 46.81 144.50 4.40 148.40 0.40 46.91 Egypt 0.60 4.53 0.03 4.00 0.25 0.91 Japan 3.11 7.84 0.70 8.31 0.08 3.26 Mexico 0.15 0.16 0.70 0.89 0.00 0.12 South Korea 0.90 4.24 0.47 4.45 0.00 1.16 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in so me countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Braz il, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Ira q, and Saudi Arabia. 8/ Central American and Caribbean countri es. August 2015 WASDE - 544 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ Jul 98.95 480.34 39.50 488.78 42.24 90.51 Aug 100.02 478.65 39.61 487.82 41.86 90.85 United States Jul 1.48 6.57 0.79 4.14 3.49 1.22 Aug 1.53 6.51 0.81 4.11 3.40 1.35 Total Foreign Jul 97.46 473.77 38.70 484.64 38.75 89.29 Aug 98.49 472.14 38.80 483.72 38.46 89.50 Major Exporters 4/ Jul 27.08 158.10 0.82 136.35 29.60 20.05 Aug 27.78 157.10 0.82 136.05 29.70 19.95 India Jul 15.60 104.00 0.00 99.50 8.50 11.60 Aug 15.30 104.00 0.00 99.20 8.50 11.60 Pakistan Jul 1.56 6.90 0.02 2.85 4.00 1.63 Aug 1.56 6.90 0.02 2.85 4.00 1.63 Thailand Jul 9.07 19.00 0.30 12.00 10.20 6.17 Aug 10.07 18.00 0.30 12.00 10.20 6.17 Vietnam Jul 0.85 28.20 0.50 22.00 6.90 0.65 Aug 0.85 28.20 0.50 22.00 7.00 0.55 Major Importers 5/ Jul 10.89 65.10 13.47 78.20 1.18 10.08 Aug 10.95 64.94 13.52 78.20 1.18 10.03 Brazil Jul 0.81 8.00 0.70 7.95 0.90 0.66 Aug 0.76 8.00 0.70 7.95 0.90 0.61 European Union 6/ Jul 1.07 1.90 1.55 3.28 0.23 1.00 Aug 1.13 1.92 1.55 3.28 0.23 1.09 Indonesia Jul 4.45 36.65 1.10 38.65 0.00 3.55 Aug 4.45 36.65 1.10 38.65 0.00 3.55 Nigeria Jul 1.09 2.71 3.00 6.00 0.00 0.80 Aug 1.09 2.71 3.00 6.00 0.00 0.80 Philippines Jul 2.08 12.40 1.30 13.25 0.00 2.53 Aug 2.08 12.40 1.30 13.25 0.00 2.53 Sel. Mideast 7/ Jul 1.22 2.05 4.45 6.35 0.00 1.37 Aug 1.22 1.86 4.50 6.35 0.00 1.23 Selected Other Burma Jul 0.42 12.80 0.00 10.60 2.20 0.42 Aug 0.42 12.80 0.00 10.60 2.20 0.42 C. Amer & Carib 8/ Jul 0.46 1.74 1.56 3.31 0.01 0.44 Aug 0.46 1.68 1.61 3.30 0.01 0.44 China Jul 46.91 146.00 4.70 151.00 0.40 46.21 Aug 46.91 146.00 4.70 151.00 0.40 46.21 Egypt Jul 0.91 4.60 0.03 4.00 0.40 1.13 Aug 0.91 4.60 0.03 4.00 0.40 1.13 Japan Jul 3.26 7.90 0.70 8.38 0.08 3.41 Aug 3.26 7.90 0.70 8.38 0.08 3.41 Mexico Jul 0.19 0.17 0.79 0.91 0.00 0.23 Aug 0.12 0.17 0.79 0.91 0.00 0.15 South Korea Jul 1.16 4.10 0.41 4.36 0.00 1.31 Aug 1.16 4.00 0.41 4.36 0.00 1.21 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indone sia, Hong Kong, Cote d'Ivoire, N igeria, Philippines, selected Middle East, and the EU-28. 6/ Trade exclude s intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. August 2015 WASDE - 544 - 26 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2013/14 Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World 91.84 120.48 41.31 110.08 40.89 -0.41 103.06 United States 3.80 12.91 0.01 3.55 10.53 0.29 2.35 Total Foreign 88.04 107.57 41.29 106.53 30.36 -0.71 100.71 Major Exporters 4/ 27.42 57.05 1.36 32.11 26.61 -0.83 27.93 Central Asia 5/ 4.20 6.60 3 / 2.35 5.05 0.00 3.40 Afr. Fr. Zone 6/ 1.30 4.36 3 / 0.15 4.13 0.00 1.38 S. Hemis 7/ 9.79 14.06 0.29 5.26 7.78 -0.34 11.43 Australia 2.40 4.10 3 / 0.04 4.85 -0.20 1.81 Brazil 5.80 8.00 0.15 4.20 2.23 -0.15 7.67 India 11.80 31.00 0.68 23.35 9.26 -0.50 11.37 Major Importers 8/ 58.80 47.23 37.58 69.98 2.64 0.12 70.87 Mexico 0.65 0.93 1.04 1.85 0.16 0.03 0.58 China 50.36 32.75 14.12 34.50 0.03 0.00 62.71 European Union 9/ 0.55 1.60 0.87 0.85 1.60 0.03 0.53 Turkey 1.32 2.30 4.25 6.30 0.20 0.00 1.36 Pakistan 2.71 9.50 1.20 10.40 0.51 0.03 2.48 Indonesia 0.54 0.03 2.99 3.05 0.01 0.00 0.50 Thailand 0.24 3 / 1.55 1.55 0.00 0.03 0.22 Bangladesh 1.17 0.12 5.30 5.30 0.00 0.01 1.27 Vietnam 0.49 0.01 3.20 3.20 0.00 0.00 0.50 2014/15 Est. Beginning Stocks Production ImportsDomestic Use ExportsLoss /2 Ending Stocks World 103.06 118.98 36.12 111.80 35.54 0.13 110.71 United States 2.35 16.32 0.01 3.55 11.20 0.23 3.70 Total Foreign 100.71 102.66 36.11 108.25 24.34 -0.11 107.01 Major Exporters 4/ 27.93 52.59 1.70 32.90 20.70 -0.23 28.86 Central Asia 5/ 3.40 6.23 3 / 2.46 4.65 0.00 2.52 Afr. Fr. Zone 6/ 1.38 4.98 3 / 0.14 4.52 0.00 1.70 S. Hemis 7/ 11.43 11.07 0.15 4.94 7.20 -0.24 10.73 Australia 1.81 2.30 3 / 0.04 2.50 -0.10 1.67 Brazil 7.67 7.00 0.02 3.90 3.91 -0.15 7.03 India 11.37 29.50 1.20 24.50 4.00 0.00 13.57 Major Importers 8/ 70.87 46.94 32.28 70.98 2.69 0.12 76.30 Mexico 0.58 1.37 0.83 1.85 0.18 0.03 0.73 China 62.71 30.00 8.25 34.00 0.08 0.00 66.88 European Union 9/ 0.53 1.63 0.87 0.87 1.62 0.03 0.51 Turkey 1.36 3.20 3.75 6.40 0.23 0.00 1.68 Pakistan 2.48 10.60 0.90 10.60 0.48 0.03 2.88 Indonesia 0.50 0.02 3.50 3.40 0.01 0.00 0.61 Thailand 0.22 3 / 1.50 1.45 0.01 0.03 0.24 Bangladesh 1.27 0.12 5.40 5.50 0.00 0.01 1.28 Vietnam 0.50 0.01 4.40 4.05 0.00 0.00 0.85 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketi ng channel; for Australia, Brazil, China, and the United States, r eflects the difference between implicit stocks based on supply less total use and indicated ending st ocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzst an, Tajikistan, Turkmenistan, an d Uzbekistan. 6/ Benin, Burkino Faso, Came roon, Central African Republic, Chad, Cote d' Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbab we. 8/ In addition to the countries and r egions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiw an. 9/ Includes intra-EU trade. August 2015 WASDE - 544 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2015/16 Proj. Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World Jul 110.96 111.46 34.05 114.44 34.05 -0.15 108.14 Aug 110.71 108.99 34.54 114.65 34.52 -0.11 105.19 United States Jul 4.20 14.50 0.01 3.75 10.80 -0.04 4.20 Aug 3.70 13.08 0.01 3.70 10.00 -0.01 3.10 Total Foreign Jul 106.76 96.96 34.04 110.69 23.25 -0.11 103.94 Aug 107.01 95.91 34.53 110.95 24.52 -0.11 102.09 filler filler filler filler filler filler filler Major Exporters 4/ Jul 29.09 51.32 1.64 34.55 19.91 -0.23 27.82 Aug 28.86 51.07 1.64 34.26 21.16 -0.23 26.37 Central Asia 5/ Jul 3.01 6.15 3 / 2.56 3.77 0.00 2.83 Aug 2.52 5.95 3 / 2.52 3.78 0.00 2.17 Afr. Fr. Zone 6/ Jul 2.00 4.56 3 / 0.14 4.47 0.00 1.95 Aug 1.70 4.56 3 / 0.14 4.62 0.00 1.50 S. Hemis 7/ Jul 10.32 10.50 0.24 4.80 6.67 -0.24 9.82 Aug 10.73 10.95 0.24 4.80 7.27 -0.24 10.08 Australia Jul 1.27 2.00 3 / 0.04 2.00 -0.10 1.34 Aug 1.67 2.20 3 / 0.04 2.60 -0.10 1.34 Brazil Jul 7.04 6.75 0.10 3.75 3.80 -0.15 6.49 Aug 7.03 7.00 0.10 3.75 3.80 -0.15 6.73 India Jul 13.42 29.50 0.95 26.25 4.70 0.00 12.92 Aug 13.57 29.00 0.95 26.00 5.20 0.00 12.32 filler filler filler filler filler filler filler Major Importers 8/ Jul 75.80 42.49 30.06 71.59 2.40 0.12 74.25 Aug 76.30 41.69 30.64 72.22 2.40 0.12 73.90 Mexico Jul 0.74 1.05 1.00 1.90 0.15 0.03 0.72 Aug 0.73 1.05 0.90 1.90 0.15 0.03 0.61 China Jul 66.88 27.00 5.75 34.50 0.05 0.00 65.08 Aug 66.88 26.00 5.75 34.00 0.05 0.00 64.58 European Union 9/ Jul 0.56 1.49 0.85 0.88 1.45 0.03 0.54 Aug 0.51 1.49 0.85 0.88 1.45 0.03 0.49 Turkey Jul 1.66 2.80 3.70 6.40 0.23 0.00 1.53 Aug 1.68 2.80 3.80 6.50 0.23 0.00 1.55 Pakistan Jul 2.55 10.00 1.50 11.00 0.50 0.03 2.53 Aug 2.88 10.20 1.15 10.90 0.50 0.03 2.80 Indonesia Jul 0.66 0.02 3.50 3.40 0.01 0.00 0.78 Aug 0.61 0.02 3.40 3.40 0.01 0.00 0.63 Thailand Jul 0.21 3 / 1.55 1.50 0.00 0.03 0.24 Aug 0.24 3 / 1.55 1.50 0.00 0.03 0.26 Bangladesh Jul 1.08 0.13 4.50 4.55 0.00 0.01 1.15 Aug 1.28 0.13 5.55 5.65 0.00 0.01 1.30 Vietnam Jul 0.85 3 / 5.00 4.75 0.00 0.00 1.11 Aug 0.85 3 / 4.85 4.65 0.00 0.00 1.06 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects co tton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks ba sed on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan , Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Be nin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. August 2015 WASDE - 544 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Domestic CrushDomestic TotalExports Ending Stocks World 2/ 56.15 283.25 111.28 241.18 275.31 112.64 62.73 United States 3.83 91.39 1.95 47.19 50.09 44.57 2.50 Total Foreign 52.33 191.86 109.32 193.98 225.22 68.07 60.22 Major Exporters 3/ 36.45 151.79 0.61 76.56 84.09 62.66 42.11 Argentina 20.96 53.50 0.00 36.17 40.57 7.84 26.05 Brazil 15.33 86.70 0.61 36.86 39.86 46.83 15.95 Paraguay 0.13 8.19 0.01 3.35 3.45 4.80 0.07 Major Importers 4/ 13.33 14.73 96.22 91.39 108.45 0.30 15.51 China 12.38 12.20 70.36 68.85 80.30 0.22 14.43 European Union 0.30 1.21 12.99 13.44 14.20 0.06 0.25 Japan 0.18 0.20 2.89 1.97 3.05 0.00 0.23 Mexico 0.10 0.24 3.84 4.03 4.07 0.00 0.12 2014/15 Est. Beginnin g Stock s Productio n Import sDomesti c CrushDomesti c Total Export s Endin g Stock s World 2/ 62.73 319.36 119.71 258.34 296.93 124.30 80.57 United States 2.50 108.01 0.82 50.21 55.14 49.67 6.53 Total Foreign 60.22 211.35 118.90 208.13 241.80 74.63 74.04 Major Exporters 3/ 42.11 167.20 0.28 82.15 90.43 67.28 51.89 Argentina 26.05 60.80 0.00 38.80 43.80 9.60 33.45 Brazil 15.95 94.50 0.28 39.45 42.60 49.80 18.32 Paraguay 0.07 8.40 0.01 3.70 3.80 4.60 0.08 Major Importers 4/ 15.51 15.44 103.84 97.78 115.46 0.36 18.97 China 14.43 12.35 77.00 74.20 86.05 0.18 17.55 European Union 0.25 1.68 13.45 13.90 14.72 0.11 0.55 Japan 0.23 0.23 2.90 2.05 3.12 0.00 0.23 Mexico 0.12 0.36 4.03 4.28 4.32 0.00 0.18 2015/16 Proj. Beginnin g Stock s Productio n Import s Domesti c CrushDomesti c TotalExport s Endin g Stock s World 2/ Jul 81.68 318.92 120.77 268.08 306.23 123.34 91.80 Aug 80.57 320.05 123.30 271.61 309.86 127.18 86.88 United States Jul 6.94 105.73 0.82 50.08 53.60 48.31 11.58 Aug 6.53 106.59 0.82 50.62 54.21 46.95 12.78 Total Foreign Jul 74.74 213.19 119.96 218.01 252.63 75.03 80.22 Aug 74.04 213.46 122.49 220.99 255.65 80.23 74.10 Major Exporters 3/ Jul 55.98 166.30 0.46 85.30 93.75 67.33 61.66 Aug 51.89 166.30 0.26 85.35 93.80 72.13 52.52 Argentina Jul 34.28 57.00 0.00 41.50 46.60 8.70 35.98 Aug 33.45 57.00 0.00 41.50 46.60 9.75 34.10 Brazil Jul 21.60 97.00 0.45 39.50 42.73 50.75 25.57 Aug 18.32 97.00 0.25 39.55 42.77 54.50 18.30 Paraguay Jul 0.08 8.80 0.01 4.10 4.20 4.60 0.09 Aug 0.08 8.80 0.01 4.10 4.20 4.60 0.09 Major Importers 4/ Jul 15.67 14.89 104.25 101.26 119.40 0.33 15.07 Aug 18.97 14.86 106.15 103.86 122.05 0.33 17.59 China Jul 14.55 11.50 77.50 77.30 89.45 0.20 13.90 Aug 17.55 11.50 79.00 79.50 91.70 0.20 16.15 European Union Jul 0.25 1.98 13.10 14.10 14.93 0.10 0.30 Aug 0.55 1.95 13.50 14.50 15.33 0.10 0.57 Japan Jul 0.23 0.22 2.85 1.97 3.05 0.00 0.25 Aug 0.23 0.22 2.85 1.97 3.05 0.00 0.25 Mexico Jul 0.18 0.36 4.05 4.35 4.39 0.00 0.20 Aug 0.18 0.36 4.05 4.35 4.39 0.00 0.20 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October-September year. 2/ World i mports and exports may not balance due to differences in local marke ting years and to time lags betw een reported exports and imports. Therefore, world supply may not equal world us e. 3/ Argentina, Brazil, Paraguay, and Ur uguay. 4/ China, European Union, Japan , Mexico, and Southeast Asia (inc ludes Indonesia, Malaysia, Philippi nes, Vietnam, and Thailand). August 2015 WASDE - 544 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 9.71 189.45 57.83 186.31 60.05 10.63 United States 0.25 36.91 0.35 26.81 10.47 0.23 Total Foreign 9.46 152.54 57.48 159.50 49.58 10.41 Major Exporters 3/ 6.99 63.07 0.03 20.70 41.66 7.73 Argentina 3.54 27.89 0.00 2.00 24.97 4.46 Brazil 3.10 28.54 0.03 14.65 13.95 3.07 India 0.35 6.64 0.01 4.05 2.74 0.20 Major Importers 4/ 1.00 14.55 33.88 47.77 0.36 1.30 European Union 0.12 10.61 18.18 28.44 0.30 0.17 Southeast Asia 5/ 0.79 2.44 13.72 15.95 0.06 0.95 2014/15 Est. Beginn i ng Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 10.63 203.69 60.11 199.38 63.36 11.70 United States 0.23 40.10 0.32 28.89 11.48 0.27 Total Foreign 10.41 163.60 59.79 170.48 51.88 11.43 Major Exporters 3/ 7.73 66.34 0.03 21.81 44.05 8.24 Argentina 4.46 29.89 0.00 2.22 27.85 4.28 Brazil 3.07 30.53 0.03 14.98 15.00 3.64 India 0.20 5.92 0.01 4.61 1.20 0.32 Major Importers 4/ 1.30 15.16 36.25 50.74 0.41 1.56 European Union 0.17 10.98 19.55 30.04 0.34 0.32 Southeast Asia 5/ 0.95 2.63 14.95 17.38 0.07 1.08 2015/16 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Jul 12.45 211.31 62.87 208.56 65.91 12.16 Aug 11.70 214.11 62.97 211.28 66.21 11.28 United States Jul 0.27 39.67 0.30 29.30 10.66 0.27 Aug 0.27 40.12 0.30 29.85 10.57 0.27 Total Foreign Jul 12.18 171.64 62.57 179.26 55.25 11.89 Aug 11.43 173.99 62.67 181.44 55.64 11.01 Major Exporters 3/ Jul 8.98 70.03 0.03 23.21 47.03 8.81 Aug 8.24 70.07 0.03 23.16 47.43 7.76 Argentina Jul 4.73 32.18 0.00 2.50 30.20 4.21 Aug 4.28 32.18 0.00 2.50 30.20 3.76 Brazil Jul 3.93 30.57 0.03 15.45 14.80 4.28 Aug 3.64 30.61 0.03 15.40 15.20 3.68 India Jul 0.32 7.28 0.01 5.26 2.03 0.33 Aug 0.32 7.28 0.01 5.26 2.03 0.33 Major Importers 4/ Jul 1.52 15.44 38.10 53.14 0.48 1.44 Aug 1.56 15.76 38.30 53.59 0.48 1.55 European Union Jul 0.28 11.14 20.10 30.89 0.40 0.22 Aug 0.32 11.46 20.30 31.34 0.40 0.33 Southeast Asia 5/ Jul 1.08 2.80 16.15 18.92 0.08 1.04 Aug 1.08 2.80 16.15 18.92 0.08 1.04 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Japa n. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. August 2015 WASDE - 544 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 3.74 45.00 9.35 45.36 9.39 3.35 United States 0.77 9.13 0.08 8.60 0.85 0.53 Total Foreign 2.97 35.87 9.28 36.76 8.54 2.82 Major Exporters 3/ 0.86 16.41 0.33 10.46 6.24 0.90 Argentina 0.26 6.79 0.01 2.73 4.09 0.24 Brazil 0.40 7.07 0.00 5.77 1.38 0.33 European Union 0.20 2.55 0.33 1.97 0.77 0.34 Major Importers 4/ 1.41 14.22 4.59 18.68 0.22 1.32 China 1.02 12.34 1.35 13.66 0.09 0.96 India 0.25 1.48 1.83 3.30 0.00 0.26 North Africa 5/ 0.14 0.41 1.40 1.72 0.13 0.11 2014/15 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 3.35 48.12 9.78 47.39 10.30 3.56 United States 0.53 9.55 0.11 8.62 0.89 0.69 Total Foreign 2.82 38.57 9.67 38.77 9.42 2.87 Major Exporters 3/ 0.90 17.59 0.33 10.84 6.97 1.01 Argentina 0.24 7.38 0.03 2.70 4.70 0.24 Brazil 0.33 7.57 0.00 6.12 1.37 0.41 European Union 0.34 2.64 0.30 2.02 0.90 0.36 Major Importers 4/ 1.32 15.05 4.96 19.89 0.23 1.20 China 0.96 13.28 0.90 14.19 0.10 0.85 India 0.26 1.32 2.50 3.80 0.00 0.27 North Africa 5/ 0.11 0.45 1.56 1.90 0.13 0.09 2015/16 Proj. Beginnin g Stock s Productio n Impor t s Domesti c TotalExport s Endin g Stock s World 2/ Jul 3.52 50.01 10.36 49.38 10.86 3.66 Aug 3.56 50.66 10.15 49.91 10.87 3.60 United States Jul 0.63 9.65 0.08 8.75 0.91 0.70 Aug 0.69 9.75 0.09 8.80 0.91 0.83 Total Foreign Jul 2.89 40.36 10.28 40.62 9.95 2.96 Aug 2.87 40.91 10.06 41.11 9.96 2.77 Major Exporters 3/ Jul 1.02 18.12 0.21 10.97 7.38 1.00 Aug 1.01 18.21 0.17 11.07 7.39 0.92 Argentina Jul 0.30 7.86 0.01 2.77 5.10 0.30 Aug 0.24 7.86 0.02 2.77 5.10 0.25 Brazil Jul 0.41 7.58 0.00 6.23 1.38 0.38 Aug 0.41 7.59 0.00 6.23 1.39 0.38 European Union Jul 0.32 2.68 0.20 1.97 0.90 0.33 Aug 0.36 2.76 0.15 2.07 0.90 0.30 Major Importers 4/ Jul 1.16 15.94 5.45 21.15 0.22 1.19 Aug 1.20 16.34 5.38 21.60 0.22 1.10 China Jul 0.80 13.84 1.30 15.06 0.08 0.80 Aug 0.85 14.23 0.95 15.24 0.08 0.71 India Jul 0.27 1.63 2.65 4.25 0.00 0.30 Aug 0.27 1.63 2.80 4.40 0.00 0.30 North Africa 5/ Jul 0.09 0.48 1.50 1.84 0.14 0.09 Aug 0.09 0.48 1.63 1.96 0.14 0.09 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Brazil and European Uni on. 4/ China, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. August 2015 WASDE - 544 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Mea t 2/Broiler Turkey Total Poultry 3 /Red Meat & PoultryEgg Milk Million Pounds Mil doz Bil lbs 2014 III 6,179 5,424 11,663 9,835 1, 478 11,448 23,111 2,099 51.2 IV 6,021 6,131 12,212 9,814 1, 517 11,459 23,671 2,139 51.0 Annual 24,252 22,843 47,345 38,550 5, 756 44,827 92,171 8,335 206.0 2015 I 5,664 6,161 11,883 9,717 1, 429 11,273 23,156 2,059 51.9 II 5,855 5,925 11,839 10,003 1, 388 11,523 23,362 1,968 53.6 III* 6,215 5,990 12,261 10,300 1, 390 11,825 24,086 1,935 51.7 IV* 6,025 6,505 12,592 10,225 1, 425 11,775 24,367 2,010 51.5 Annual Jul Proj. 23,824 24,581 48,644 40,492 5, 564 46,572 95,216 7,984 208.8 Aug Proj. 23,759 24,581 48,575 40,245 5, 632 46,396 94,971 7,972 208.8 2016 I* 5,885 6,115 12,056 10,075 1, 350 11,550 23,606 1,975 53.3 II* 6,505 5,845 12,408 10,350 1, 500 11,990 24,398 2,005 54.4 Annual Jul Proj. 24,850 24,705 49,788 41,375 6, 010 47,925 97,713 8,141 213.6 Aug Proj. 24,835 24,705 49,773 41,375 6, 010 47,925 97,698 8,141 213.0 * Projection. 1/ Commercial produc tion for red meats; federally inspected for poultr y meats. 2/ Beef, pork, veal and lamb & mut ton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/Barrows and gilts 3/Broilers 4/Turkeys 5/Eggs 6/Milk 7/ Dol./cw t Dol./cw t Cents/lb. Cents/lb. Cents/doz. Dol./cw t 2014 III 158.49 83.30 104.6 110.2 129.3 24.40 IV 165.60 66.74 102.8 113.9 162.7 22.77 Annual 154.56 76.03 104.9 107.6 142.3 23.97 2015 I 162.43 48.47 97.0 99.6 146.9 17.00 II 158.11 53.20 104.2 108.5 170.3 16.70 III* 148-152 51-53 89-91 122-126 238-246 16.95-17.25 IV* 148-158 45-47 89-95 128-136 238-252 16.30-16.90 Annual Jul Proj. 158-162 50-51 99-102 113-116 167-172 17.05-17.35 Aug Proj. 154-158 49-50 95-97 115-117 199-203 16.75-16.95 2016 I* 148-160 46-50 92-100 110-120 187-203 15.70-16.60 II* 151-163 49-53 94-102 112-122 168-182 15.65-16.65 Annual Jul Proj. 155-167 46-49 99-107 110-119 136-147 17.00-18.00 Aug Proj. 150-162 46-49 94-102 110-119 164-178 16.40-17.40 *Projection. 1/ Simple average of months. 2/ 5-Area, Direct, Total all grades 3/ Na tional Base, Live equiv 51-52% lean. 4/ Whol esale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. August 2015 WASDE - 544 - 32 U.S. Meats Supply and Use Item Beginning stocksProduction 1/ ImportsTotal Supply ExportsEnding StocksTotal UsePer Capita 2/ 3/ Million Pounds /4 Beef 2014 584 24,320 2,947 27,850 2,573 591 24,687 54.2 2015 Proj. Jul 591 23,889 3,431 27,911 2,436 560 24,915 54.3 Aug 591 23,824 3,467 27,882 2,362 560 24,960 54.4 2016 Proj. Jul 560 24,914 2,995 28,469 2,510 560 25,399 55.0 Aug 560 24,899 3,020 28,479 2,485 560 25,434 55.1 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2014 618 22,861 1,008 24,486 4,857 560 19,070 46.4 2015 Proj. Jul 559 24,599 1,083 26,241 5,065 610 20,566 49.7 Aug 560 24,599 1,097 26,256 4,999 650 20,607 49.8 2016 Proj. Jul 610 24,723 1,000 26,333 5,225 610 20,498 49.2 Aug 650 24,723 1,000 26,373 5,225 650 20,498 49.2 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2014 1,230 47,441 4,149 52,820 7,436 1,191 44,194 101.9 2015 Proj. Jul 1,190 48,738 4,707 54,634 7,509 1,209 45,916 105.2 Aug 1,191 48,668 4,765 54,625 7,368 1,248 46,008 105.4 2016 Proj. Jul 1,209 49,881 4,185 55,275 7,746 1,208 46,321 105.3 Aug 1,248 49,866 4,210 55,324 7,721 1,247 46,356 105.4 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2014 669 38,137 117 38,923 7,301 680 30,942 83.4 2015 Proj. Jul 680 40,059 117 40,856 6,864 775 33,217 88.8 Aug 680 39,814 120 40,615 6,843 725 33,047 88.4 2016 Proj. Jul 775 40,932 116 41,823 7,215 685 33,923 90.1 Aug 725 40,932 116 41,773 7,215 685 33,873 90.0 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2014 237 5,756 29 6,022 805 193 5,023 15.8 2015 Proj. Jul 193 5,564 29 5,786 599 200 4,987 15.5 Aug 193 5,632 35 5,860 542 200 5,118 15.9 2016 Proj. Jul 200 6,010 28 6,238 750 250 5,238 16.2 Aug 200 6,010 28 6,238 740 250 5,248 16.2 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2014 912 44,414 148 45,474 8,216 877 36,381 100.5 2015 Proj. Jul 876 46,138 147 47,161 7,592 979 38,591 105.6 Aug 877 45,965 156 46,998 7,516 929 38,553 105.5 2016 Proj. Jul 979 47,482 146 48,607 8,097 939 39,571 107.6 Aug 929 47,482 146 48,557 8,087 939 39,531 107.5 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2014 2,142 91,855 4,297 98,294 15,652 2,067 80,574 202.3 2015 Proj. Jul 2,066 94,876 4,854 101,796 15,101 2,188 84,507 210.8 Aug 2,067 94,633 4,922 101,622 14,884 2,177 84,561 210.9 2016 Proj. Jul 2,188 97,363 4,331 103,882 15,843 2,147 85,892 213.0 Aug 2,177 97,348 4,356 103,881 15,808 2,186 85,887 212.9 1/ Total including farm production for red meats and, for pou ltry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis for red meat and broilers; certified ready-to-cook weight for turkey. 3/ Population source: Dept. of Commerce, Ce nsus Bureau. 4/ Carcass weight for re d meats and certified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutt on. 6/ Broilers, turkeys and mature chicken. August 2015 WASDE - 544 - 33 U.S. Egg Supply and Use Commodity 2013 2014 2015 Proj. 2015 Proj. 2016 Proj. 2016 Proj. Jul Aug Jul Aug Eggs Million Dozen Supply Beginning Stocks 20.8 23.0 23.3 23.3 18.0 18.0 Production 8,144.6 8,334.8 7,984.0 7 ,972.0 8,141.0 8,141.0 Imports 16.9 34.7 41.4 41.8 48.0 48.0 Total Supply 8,182.3 8,392.4 8,048.7 8 ,037.1 8,207.0 8,207.0 Use Exports 371.8 393.8 364.3 326.7 385.0 370.0 Hatching Use 964.8 980.7 1,016.4 1,004.3 1,020.0 1,020.0 Ending Stocks 23.0 23.3 18.0 18.0 20.0 20.0 Disappearance Total 6,822.6 6,994.6 6,650.0 6 ,688.1 6,782.0 6,797.0 Per Capita (number) 258.7 263.4 248.5 249.9 251.7 252.3 Total U.S. Milk Supply and Use Commodity 2013 2014 2015 Proj. 2015 Proj. 2016 Proj. 2016 Proj. Jul Aug Jul Aug Milk Billion Pounds Production 201.2 206.0 208.8 208.8 213.6 213.0 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 12.2 11.2 11.2 11.2 11.6 12.0 Marketings 200.3 205.1 207.9 207.8 212.6 212.1 Imports 3.7 4.3 5.2 5.7 4.9 5.4 Total Cml. Supply 216.2 220.6 224.3 224.8 229.2 229.4 Fat Basis Use Commercial Exports 12.4 12.4 10.5 9.8 11.0 10.7 Ending Commercial Stocks 11.2 11.2 11.6 12.0 12.0 12.0 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 192.6 196.9 202.3 203.0 206.1 206.7 Skim-solid Basis Supply Beg. Commercial Stocks 12.4 11.7 13.1 13.1 12.3 13.1 Marketings 200.3 205.1 207.9 207.8 212.6 212.1 Imports 5.3 5.6 6.1 6.6 6.0 6.4 Total Cml. Supply 217.9 222.4 227.1 227.6 231.0 231.5 Skim-solid Basis Use Commercial Exports 38.6 39.1 39.7 39.5 39.9 39.7 Ending Commercial Stocks 11.7 13.1 12.3 13.1 12.9 13.5 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 167.7 170.2 175.1 174.9 178.1 178.4 Total Note: Totals may not add due to rounding. August 2015 WASDE - 544 - 34 U.S. Dairy Prices Commodity 2013 2014 2015 Proj. 2015 Proj. 2016 Proj. 2016 Proj. Jul Aug Jul Aug Product Prices 1/ Dollars Pe r Pound Cheese 1.7683 2.1551 1.650- 1.6801.635- 1.6551.610- 1.7101.595- 1.695 Butter 1.5451 2.1361 1.810- 1.8701.815- 1.8551.750- 1.8801.760- 1.890 Nonfat Dry Milk 1.7066 1.7682 0.945- 0.9750.865- 0.8851.065- 1.1350.950- 1.020 Dry Whey 0.5902 0.6538 0.440- 0.4600.415- 0.4350.460- 0.4900.410- 0.440 Filler Dollars Pe r Cwt Milk Prices 2/ Class III 17.99 22.34 16.15- 16.4515.85- 16.0515.90- 16.9015.45- 16.45 Class IV 19.05 22.09 13.70- 14.1013.00- 13.3014.45- 15.5513.50- 14.60 All Milk 3/ 20.05 23.97 17.05- 17.3516.75- 16.9517.00- 18.0016.40- 17.40 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are th e simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not re flect any deductions from producers as authorized by legislation. August 2015 WASDE - 544 - 35 Reliability of August Projections 1/ Note: Tables on pages 35-37 present a record of the August proj ection and the final Estimate. Using world wheat production as an example, the "root mean square error" mean s that chances are 2 out of 3 that the cu rrent forecast will not be above or below th e final estimate by more than 2.4 percent. Chances are 9 out of 10 ( 90% confidence level) that the difference will not exceed 4 percen t. The average difference between the August projection and the fina l estimate is 11.1 million tons, ranging from 0.2 million to 32.1 million tons. The August projection has been below th e estimate 22 times and above 12 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square errorconfidence interval Average Smallest LargestBelow FinalAbove Final WHEAT Percent Million Metric Tons Production World 2.4 4.0 11.1 0.2 32.1 22 12 U.S. 2.3 4.0 1.1 0.0 4.2 14 20 Foreign 2.7 4.5 10.8 0.6 31.1 22 12 Exports World 5.9 10.0 5.9 0.4 19.1 25 9 U.S. 10.9 18.6 2.7 0.0 10.0 16 17 Foreign 7.3 12.4 5.7 0.3 20.5 24 10 Domestic Use World 1.9 3.2 8.0 0.2 23.4 18 16 U.S. 7.0 12.0 1.9 0.0 4.5 12 22 Foreign 1.9 3.2 7.7 0.2 22.0 21 13 Endin g Stocks World 9.5 16.2 10.9 0.3 31.2 25 9 U.S. 15.7 26.7 2.9 0.5 12.6 20 14 Foreign 10.3 17.5 9.6 0.2 28.7 25 9 COARSE GRAINS 2 / Production World 2.4 4.0 17.2 0.4 51.0 26 8 U.S. 6.4 10.9 10.2 0.0 31.4 22 12 Foreign 2.3 4.0 12.9 0.7 28.9 24 10 Exports World 7.4 12.5 6.8 0.1 23.8 23 11 U.S. 21.8 37.0 7.7 0.4 19.7 14 20 Foreign 14.8 25.1 7.4 1.4 18.1 23 11 Domestic Use World 1.6 2.8 12.0 0.2 29.5 19 15 U.S. 4.4 7.5 7.3 0.6 17.0 21 13 Foreign 1.7 2.9 9.9 1.1 23.3 21 13 Endin g Stocks World 15.3 26.0 18.2 0.1 53.5 27 7 U.S. 29.8 50.6 10.6 0.4 43.5 17 17 Foreign 15.7 26.6 12.4 0.2 42.5 27 7 RICE, mille d Production World 2.4 4.1 6.5 0.1 24.4 22 12 U.S. 5.2 8.8 0.2 0.0 0.6 19 15 Foreign 2.4 4.1 6.5 0.4 24.7 23 11 Exports World 9.4 15.9 1.5 0.0 6.9 25 9 U.S. 11.7 19.8 0.2 0.0 1.0 18 14 Foreign 10.4 17.7 1.5 0.1 6.8 24 10 Domestic Use World 1.9 3.3 4.3 0.1 23.5 26 8 U.S. 8.7 14.7 0.2 0.0 0.5 15 19 Foreign 2.0 3.3 4.3 0.0 24.0 25 9 Endin g Stocks World 12.4 21.0 4.9 0.1 14.5 26 8 U.S. 30.4 51.7 0.2 0.0 1.0 21 12 Foreign 13.5 22.9 4.9 0.1 15.5 26 8 1/ Footnotes at end of table. CONTINUED August 2015 WASDE - 544 - 36 Reliability of August Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final SOYBEANS Percent Million Metric Tons Production World 4.8 8.2 6.9 0.3 26.7 21 13 U.S. 6.4 10.8 3.5 0.0 11.1 18 15 Foreign 7.9 13.4 6.5 1.1 26.4 18 16 Exports World 7.4 12.5 3.0 0.2 11.6 22 12 U.S. 12.6 21.4 2.8 0.0 7.1 20 13 Foreign 20.5 34.8 2.7 0.0 9.4 15 19 Domestic Use World 3.7 6.2 4.9 0.0 15.9 22 12 U.S. 5.3 9.0 1.8 0.0 4.6 22 12 Foreign 4.2 7.2 4.3 0.6 11.3 21 13 Ending Stocks World 16.9 28.7 4.0 0.1 15.0 18 16 U.S. 47.3 80.2 2.6 0.3 7.3 11 23 Foreign 19.3 32.8 4.0 0.2 16.0 21 13 COTTON Million 480-Pound Bales Production World 4.8 8.2 3.2 0.0 13.2 19 14 U.S. 7.8 13.3 1.0 0.0 3.9 17 16 Foreign 5.2 8.8 2.8 0.0 10.7 19 14 Exports World 10.0 17.0 2.4 0.1 10.2 16 18 U.S. 22.5 38.1 1.2 0.0 3.2 18 16 Foreign 13.2 22.4 1.9 0.1 8.5 17 17 Domestic Use World 4.0 6.8 2.9 0.3 14.2 13 21 U.S. 9.2 15.5 0.5 0.0 1.3 18 14 Foreign 4.1 7.0 2.8 0.3 13.4 14 20 Ending Stocks World 15.7 26.7 5.7 0.2 14.2 24 10 U.S. 40.8 69.3 1.5 0.0 5.1 12 21 Foreign 15.9 27.0 5.0 0.1 14.0 26 8 1/ Marketing years 1981/82 through 2014/15 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the ma rketing year for 1981/82 through 2013/14, and for 2014/15 last month's estimate. 2/ Includes corn, sorghum , barley, oats, rye, millet, and mixed grain. August 2015 WASDE - 544 - 37 Reliability of United States August Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final CORN Percent Million Bushels Production 6.9 11.8 380 1 1,079 22 12 Exports 22.7 38.6 272 12 750 13 21 Domestic Use 4.8 8.2 293 10 590 22 12 Ending Stocks 35.5 60.2 389 29 1,674 17 17 SORGHUM Production 8.4 14.3 35 1 108 18 16 Exports 30.0 50.9 40 1 160 17 17 Domestic Use 25.9 43.9 41 0 130 15 17 Ending Stocks 56.7 96.3 40 4 201 12 22 BARLEY Production 6.4 10.9 16 1 67 11 23 Exports 51.0 86.6 14 0 82 16 16 Domestic Use 10.1 17.1 25 0 82 12 21 Ending Stocks 19.2 32.6 22 0 94 15 18 OATS Production 9.3 15.8 14 1 57 6 28 Exports 102.3 173.6 1088 1 2 Domestic Use 6.1 10.4 14 1 39 11 23 Ending Stocks 24.8 42.1 16 2 40 16 18 SOYBEAN MEAL Thousand Short Tons Production 5.2 8.9 1,399 32 3,669 24 10 Exports 16.8 28.4 1,005 75 3,500 21 13 Domestic Use 4.3 7.2 827 24 3,800 20 14 Ending Stocks 45.4 77.0 54 0 428 10 14 SOYBEAN OIL Million Pounds Production 5.2 8.9 679 11 2,290 22 12 Exports 34.7 58.9 419 0 1,575 15 17 Domestic Use 4.4 7.4 467 8 2,200 22 12 Ending Stocks 34.5 58.5 486 0 1,472 17 16 ANIMAL PROD. 3/ Million Pounds Beef 4.3 7.3 863 175 2,536 23 10 Pork 3.2 5.4 427 25 1,375 19 14 Broilers 2.3 4.0 588 49 1,338 19 14 Turkeys 3.9 6.7 148 2 458 21 12 Million Dozen Eggs 1.8 3.1 99 4 394 21 12 Billion Pounds Milk 1.7 3.0 2.2 0.0 7.0 19 13 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2014/15 for grains, soybeans, and cotton. Final for grai ns, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2013/14, and for 2014/15 last month's estimate. Calendar years 1983 through 2014 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1983-2014. WASDE-544-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at http://www.fas.usda.gov/psd/online . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric-Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 .. UNITED STATES DEPARTMENT OF AGRICULTURE WORLD AGRICULTURAL OUTLOOK BOARD WASHINGTON, D.C. 20250-3812 ___________________ OFFICIAL BUSINESS Penalty for Private Use, $300 FIRST-CLASS MAIL POSTAGE & FEES PAID USDA PERMIT NO. G-289 World Agricultural Supply and Demand Estimates WASDE-544 – August 12, 2015 Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e-mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu . Select the “Reports by E-Mail” bar to sign up. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250-9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 608 Approved by the World Agricultural Outlook Board January 12, 2021 WHEAT: The outlook for 2020/21 U.S. wheat this month is for stable supplies, higher domestic use, unchanged exports, and lower ending stocks. Feed and residual use is raised 25 million bushels to 125 million on lower -than-expected second -quarter stocks reported in today’s NASS Grain Stocks report. Seed use is up 1 million bushels to 63 million, reflecting 2020/21 wheat planted area released today in the NASS Winter Wheat and Canola Seedings report. Projected 2020/21 ending stocks are reduced 26 million bushels to 836 million, down 19 percent from last year. The season- average farm price is raised $0.15 per bushel to $4.85 based on NASS prices reported to date and expectations for futures and cash prices for the remainder of the marketing year. The 2020/21 global wheat outlook is for smaller supplies, increased consumption, higher exports, and reduced stocks. Supplies are lowered 1.6 million tons to 1,072.7 million on reduced production in China and Argentina more than offsetting an increase for Russia. China’s production is reduced 1.8 million tons to 134.3 million on the National Bureau of Statistics estimate. Russia’s production is raised 1.3 million tons to a new record of 85.3 million, based on estimates from Russia’s statistical agency Rosstat, surpassing the 2017/18 crop. Argentina’s production is reduced 0.5 million tons to 17.5 million on updated harvest results to date and this would be Argentina’s smallest crop in five years. World 2020/21 consumption is increased 1.8 million tons to 759.5 million, mostly on higher feed and residual use for China and the United States and great er food, seed, and industrial ( FSI) use for Russia. Continued high domestic corn prices in China are expected to result in further wheat feed use as projected 2020/21 wheat feed consumption is raised 1.0 million tons to 25.0 million, up 32 percent from last year. Russia’s FSI consumption is raised 500,000 tons to 23.5 million with greater supplies. Projected 2020/21 global trade is raised fractionally to 193.8 million tons on higher exports for Canada, the EU -27+UK , and India more than offsetting reductions for Russia and Argentina. Russia’s recently announced wheat export tax and grain export quota is expected to temper Russia’s exports in the latter stages of the marketing year when it is imposed in mid-February. Russia’s exports are reduced 1.0 million tons to 39.0 million while EU-27+UK exports are raised 500,000 tons to 26.5 million as the EU -27+UK is expected to gain from Russia’s export restraints. Canada’s exports are raised 500,000 tons to 26.5 million on a strong early export pace and the expectation of continued large shipments to China as its imports are also raised this month to 9.0 million. Projected 2020/21 world ending stocks are lowered 3.3 million tons to 313.2 million but remain record high with China and India holding 51 and 10 percent of the total, respectively. COARSE GRAINS: This month’s 2020/21 U.S. corn outlook is for lower production, reduced corn used for ethanol, smaller feed and residual use and exports, and decreased ending WASDE-608-2 stocks. Corn production is estimated at 14.182 billion bushels, down 324 million on a lower yield and slight reduction in harvested area. Total corn use is down 250 million bushels to 14.575 billion. Exports are down 100 million bushels, reflecting sharply lower supplies and higher expected prices. Corn used for ethanol is lowered, based on data through November from the Grain Crushings and Co- Products Production report and weekly ethanol production during December as indicated by the Energy Information Administration. Feed and residual use is reduced 50 million bushels to 5.650 billion, based on indicated disappearance during the September -November quarter. With supply falling more than use, corn stocks are lowered 150 million bushels to 1.552 billion. The season- average corn price received by producers is raised to $4.20 per bushel. Sorghum production is estimated 2 million bushels higher as increased harvested area more than offsets a reduction in yield. Food, seed, and industrial use is lowered 10 million bushels on lower sorghum used for ethanol. Exports are raised 15 million bushels ref lecting larger exports to China. Global coarse grain production for 2020/21 is forecast down 9.3 million tons to 1,438.5 million. This month’s foreign coarse grain outlook is for lower production and consumption, and smaller ending stocks. Foreign corn production is reduced with declines for Argentina and Brazil more than offsetting increases for China and India. For Argentina, dryness during December reduces yield prospects for early -planted corn in key central growing areas. Brazil is lowered reflec ting reduced yield expectations for first -crop corn in southern Brazil. Major global coarse grain trade changes for 2020/21 include reduced corn imports for the EU-27+UK, Mexico, Iran, Vietnam, Colombia, Chile, Egypt, Malaysia, Peru, and Saudi Arabia, wit h a partly offsetting increase for China. For 2019/20, Argentina’s exports for the marketing year beginning in March 2020 are lowered based on the shipment pace to date. Foreign corn ending stocks are lower, mostly reflecting reductions for Brazil and the EU- 27+UK . Global corn stocks, at 283.8 million tons, are down 5.1 million. RICE : The outlook for 2020/21 U.S. rice this month is for larger supplies, higher domestic use, decreased exports, and lower ending stocks. Supplies are raised as increased production more than offsets decreased imports. All rice 2020/21 production is 227.6 cw t, up 1.5 million from the previous estimate. The all rice average yield is estimated at 7,619 pounds per acre, up 59 pounds from the prior estimate. Imports are lowered 0.3 million cwt to 36.2 million with all the reduction in medium - and short -grain. All rice domestic and residual use is raised 14.5 million cwt to 160.0 million on higher -than-expected usage for August -November as implied by the NASS Rice Stocks report. Exports are lowered by 1.0 million cwt to 94.0 million, all for long -grain on the c ontinued weak pace of sales and shipments for long- grain milled rice. Projected 2020/21 all rice ending stocks are lowered 12.4 million cwt to 38.4 million, primarily on higher projected domestic use. The projected 2020/21 all rice season- average farm price is raised $0.10 per cwt to $13.20 with increases in both the long- grain and medium -and short grain prices. The 2020/21 global outlook is for larger supplies, higher consumption, increased trade, and reduced stocks. Rice supplies are raised 2.1 million tons to 681.5 million, primarily on higher rice production for China and the Philippines. China’s 2020/21 production is increased 1.3 million tons to 148.3 million on the National Bureau of Statistics estimate released in WASDE-608-3 December 2020. The Philippines is raised 300,000 tons to 12.0 million on record July - December 2020 production as indicated by the Philippines Statistical Authority. Global 2020/21 consumption is increased 1.5 million tons to a record 502.0 million, led by higher consumption by China and the United States. World trade is raised fractionally to 45.4 million tons as higher exports by India more than offset reductions for China, Peru, and the United States. Most of the increase in India’s exports this month are expected to be destined for Bangladesh, whose imports are raised further because of its flood- reduced output. Projected 2020/21 world ending stocks are raised 0.5 million tons to a record 179.5 million, primarily on the China production increase with China accounting for 65 percent of total stocks. OILSEEDS : U.S. oilseed production for 2020/21 is estimated at 122.4 million tons, down 1.25 million from the previous report. Smaller soybean, peanut, and cottonseed crops are partly offset by an increase for canola and sunflowerseed. Soybean production is estimated at 4.135 billion bushels, down 35 million led by reductions for Minnesota, Iowa, and Kansas. Harvested area is estimated at 82.3 million acres, up slightly from the previous report. Yield is estimated at 50.2 bushels per acre, down 0.5 bushels. With higher imports and slightly higher beginning stocks, soybean supplies are down 14 million bushels from last month. The soybean crush forecast is raised 5 million bushels to 2.2 billion, reflecting improved prospects for soyb ean meal exports with a lower export forecast for Argentina. The soybean export forecast is raised 30 million to a record 2.23 billion bushels. With lower supplies and increased use, ending stocks are projected at 140 million bushels, down 35 million from the previous forecast. Soybean and soybean product prices are forecast higher this month. The U.S. season- average soybean price for 2020/21 is projected at $11.15 per bushel, up 60 cents as cash prices in Central Illinois reach 6- year highs. The soybean meal price is projected at $390 per short ton, up 20 dollars. The soybean oil price is forecast at 38.5 cents per pound, up 2.5 cents. Foreign 2020/21 oilseed production is relatively unchanged, with higher sunflowerseed mostly offset by lower soybean, cottonseed, peanut, rapeseed, and palm kernel output. Sunflowerseed production is increased 0.5 million tons to 13.5 million for Russia based on recent government estimates. Soybean production is lowered 2 million tons to 48 million for Argentina and 0.2 million to 2.2 million for Uruguay, reflecting dry weather conditions in December and early January. Mostly offsetting lower South American soybean production is a 2.1- million -ton increase to 19.6 million for China on recent government data. Global soybean stocks are lowered 1.3 million tons to 84.3 million, with lower stocks for Argentina and the United States that are partly offset by higher stocks for China. SUGAR : U.S. sugar supply for 2020/21 is increased 111,093 short tons, raw value (STRV) to 14.117 million on projected increases in production more than compensating for decreases in imports. Beet sugar production is increased 133,632 STRV on an increase in projected national sucrose recovery to 14.955 percent. The increase is based on increas es in sucrose recoveries in all major producing regions over last month with data now available for August through November. Cane sugar production in Louisiana is increased 62,000 STRV to 1.886 million on reporting made close to the end of the production campaign. Imports for 2020/21 are reduced by 84,539 STRV. Most of the decrease is due to corrections in Customs 2019/20 TRQ reporting for the 13- month quota year that lowered entries in October by WASDE-608-4 77,869 STRV but increased entries in September 2019/20 by 81,631. FTA TRQ entries for 2020/21 are decreased by 9,453 STRV and by 626 STRV for 2019/20. Imports from Mexico for 2020/21 are increased by 2,783 STRV on sugar allocated for 2019/20 entering in October according to a CONADESUCA report. There are no c hanges in use for 2020/21. The increase in imports for 2019/20 that arrived late in the fiscal year had the effect of increasing measured deliveries for human consumption for 2019/20 by 81,005 STRV to 12.316 million. There are no changes made for corresponding deliveries in 2020/21 due to overall uncertainties in underlying demand by end users. Ending stocks for 2020/21 increase to 1.777 million STRV, implying an ending stocks -to-use ratio of 14.40 percent. There are no changes in Mexico sugar supply and use balances for 2019/20 or for 2020/21. LIVESTOCK, POULTRY, AND DAIRY : The 2020 total red meat and poultry production estimate is reduced from last month. The beef production estimate is reduced on lower cattle slaughter. The pork production estimate is reduced as the slower pace of slaughter in late 2020 more than offset heavier carcass weights. The broiler production estimate is reduced on recent hatchery and slaughter data, while the turkey production estimate is lowered or recent production data. The egg production estimate is unchanged. For 2021, the total red meat and poultry production forecast is lowered from the previous month as lower expected beef, broiler, and turkey production more than offsets higher pork production. Lower expected placements in late 2020 will impact fed cattle supplies in mid- 2021. Cattle carcass weights are forecast lighter for 2021. USDA will release its semi - annual Cattle report on January 29, providing estimates of heifers held for breeding and an insight into the number of feeder cattle available for placement during 2021. The pork production forecast for 2021 is raised from the previous month as higher expected hog slaughter more than offsets lighter expected carcass weights. Broiler, turkey, and egg production forecasts are lowered for 2021 as higher feed costs are expected to sl ow production growth. The beef import estimate for 2020 is reduced on recent trade data while the 2021 import forecast is reduced primarily due to lower expected imports from Australia. Beef exports for 2020 and 2021 are raised from last month. Pork exports for 2020 and 2021 are lowered from last month on weaker import demand from key trading partners. The 2020 broiler export estimate is raised on recent trade data, but no change is made to the 2021 export forecast. Livestock and poultry price estimates for 2020 are adjusted to reflect December price data. For 2021, cattle prices are raised on a lower production forecast. The 2021 hog price forecast is raised, reflecting strong domestic demand. Broiler prices are raised as lower forecast production in the second half of the year is expected to support firmer prices. Turkey and egg price forecasts for 2021 are raised on lower expected production. The milk production estimate for 2020 and forecast for 2021 are raised from December on growth in milk per cow and higher dairy cow numbers. Fat basis imports for 2020 and 2021 are reduced from last month on lower expected imports of butterfat products. The fat basis export estimate for 2020 is unchanged, but the 2021 forecast is raised on higher expect ed exports of butterfat products. The skim -solids basis import estimate for 2020 in unchanged but the 2021 forecast is reduced. The skim -solids basis export estimate for 2020 is reduced on recent trade data while the 2021 forecast is unchanged. WASDE-608-5 Dairy p roduct price estimates for 2020 reflect December price data. For 2021, cheese, butter, nonfat dry milk (NDM), and whey price forecasts are raised from last month on firm domestic demand. The 2021 Class III price and Class IV price are raised from the previous month on higher product prices. The 2021 all milk price forecast is raised to $17.65 per cwt. COTTON : The U.S. 2020/21 cotton outlook shows higher exports, and lower production and ending stocks this month. Production is lowered nearly 1 million bales to 15.0 million, led by a 500,000- bale decline in Texas. U.S. mill use is reduced 100,000 bales, but exports are raised 250,000 bales as rebounding world demand helps sustain a strong export pace. With lower production and higher demand, 2020/21 U.S. ending stocks are 1.1 million bales lower relative to last month, at 4.6 million bales or 26 percent of use. The upland season- average price received by U.S. farmers is projected 3 cents higher this month, at 68 cents per pound. The largest changes in the global 2020/21 cotton outlook this month are lower production and ending stocks, led by changes in the United States. World production is forecast more than 1.0 million bales lower, with non- U.S. reductions including Pakistan, Mali, and Argentina. Outside the United States, Pakistan’s 200,000- bale decline is the largest change, with smaller upward revisions for Greece, Australia, and Turkey. Projected world consumption in 2020/21 is 100,000 bales higher this month, as a 500,000- bale increase for China and a 200,000- bale increase for Turkey are partly offset by reductions for Indonesia, Vietnam, the United States, and some smaller countries. Similarly, a 500,000- bale increase in China’s projected imports is partly offset by a 200,000- bale decline for Indonesia. World trade is projected 350,000 bales higher, with Australia and Mexico exports up by smaller amounts than the United States, and lower exports projected for Mali. World ending stocks in 2020/21 are 1.2 million bales lower this month, at 96 .3 million bales, 3.0 million bales lower than the year before. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Mark Jekanowski, (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY : SONNY PERDUE SECRETARY OF AGRICULTURE WASDE-608-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone , (Acting) ICEC Chair, WAOB, mark .simone @usda.gov Jennifer Bond, ERS; Graham Soley , FAS; Pete Riley, FPAC. Rice: Mark Simone, (Acting) ICEC Chair, WAOB, m [email protected] Nathan Childs, ERS; Rachel Trego , FAS; Vidalina Abadam, FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Michael McConnell , ERS; Yoonhee Macke, FAS; Sharon Raszap, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Mark Ash, ERS; Bill George, FAS; Gustavo Ferreira , FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; James Johnson, FAS; Kent Lanclos , FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Andrew Sowell, ERS; Souleymane Diaby , FAS; Barba ra Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Jacob Vuillemin, FAS; Georgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Kim Ha, ERS; Claire Mezoughem, FAS; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS ; Georgi Gabrielyan, FPAC. In 2021, the WASDE report will be released on Feb 9, Mar 9, Apr 9, May 12, Jun 10, Jul 12, Aug 12, Sep 10, Oct 12, Nov 9, and Dec 9. WASDE-608-7 T A B L E OF C O N T E N T S Page Highlights ................................................................................................................. 1 Interagency Commodity Estimates Committees ...................................................... 6 World & U.S. Supply & Use for Grains .................................................................... 8 World & U.S. Supply & Use for Cotton .................................................................... 9 World & U.S. Supply & Use for Oilseeds ............................................................... 10 U.S. Wheat Supply & Use ...................................................................................... 11 U.S. Wheat Supply & Use by Class ....................................................................... 11 U.S. Feed Grain & Corn Supply & Use .................................................................. 12 U.S. Sorghum, Barley & Oats Supply & Use ......................................................... 13 U.S. Rice Supply & Use ......................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................. 15 U.S. Sugar Supply & Use ...................................................................................... 16 Mexico Sugar Supply and Use .............................................................................. 16 U.S. Cotton Supply & Use ..................................................................................... 17 World Wheat Supply & Use ................................................................................... 18 World Coarse Grains Supply & Use ...................................................................... 20 World Corn Supply & Use ...................................................................................... 22 World Rice Supply & Use ...................................................................................... 24 World Cotton Supply & Use ................................................................................... 26 World Soybean Supply & Use ............................................................................... 28 World Soybean Meal Supply & Use ....................................................................... 29 World Soybean Oil Supply & Use .......................................................................... 30 U.S. Quarterly Animal Product Production ............................................................ 31 U.S. Quarterly Prices for Animal Products ............................................................. 31 U.S. Meats Supply and U se ................................................................................... 32 U.S. Egg Supply & Use .......................................................................................... 33 U.S. Milk Supply and Use ...................................................................................... 33 U.S. Dairy Prices ................................................................................................... 34 Reliability Tables ................................................................................................... 35 Related USDA Reports .......................................................................................... 38 Metric Conversion Factors ..................................................................................... 38 Electronic Access and Subscriptions ...................................................................... 40 January 2021 WASDE - 608 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2018/19 2626.21 3447.63 430.38 2640.55 807.08 2019/20 (Est.) 2671.70 3478.78 440.96 2669.09 809.69 filler filler filler filler filler 2020/21 (Proj.) Dec 2722.68 3533.07 465.83 2718.78 814.29 2020/21 (Proj.) Jan 2714.30 3523.99 464.31 2717.21 806.78 filler filler filler filler filler Wheat 2018/19 730.90 1017.87 173.67 734.72 283.16 2019/20 (Est.) 763.91 1047.06 191.46 746.98 300.09 filler filler filler filler filler 2020/21 (Proj.) Dec 773.66 1074.29 193.65 757.78 316.50 2020/21 ( Proj.) Jan 772.64 1072.73 193.78 759.54 313.19 filler filler filler filler filler Coarse Grains 5/ 2018/19 1398.00 1768.19 212.81 1421.15 347.04 2019/20 (Est.) 1411.40 1758.44 206.79 1427.14 331.30 filler filler filler filler filler 2020/21 (Proj.) Dec 1447.82 1779.37 226.90 1460.56 318.80 2020/21 (Proj.) Jan 1438.49 1769.78 225.16 1455.69 314.09 filler filler filler filler filler Rice, milled 2018/19 497.32 661.57 43.90 484.69 176.89 2019/20 (Est.) 496.40 673.28 42.71 494.98 178.31 filler filler filler filler filler 2020/21 (Proj.) Dec 501.20 679.42 45.29 500.44 178.98 2020/21 (Proj.) Jan 503.17 681.47 45.38 501.97 179.50 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2018/19 436.32 532.30 83.45 357.57 91.28 2019/20 (Est.) 417.89 516.32 79.77 355.83 80.73 filler filler filler filler filler 2020/21 (Proj.) Dec 439.62 529.36 104.33 353.64 71.39 2020/21 (Proj.) Jan 431.48 519.31 102.14 350.74 66.43 filler filler filler filler filler Wheat 2018/19 51.31 84.88 25.50 29.99 29.39 2019/20 (Est.) 52.58 84.83 26.28 30.56 27.99 filler filler filler filler filler 2020/21 (Proj.) Dec 49.69 80.93 26.81 30.67 23.45 2020/21 (Proj.) Jan 49.69 80.94 26.81 31.38 22.76 filler filler filler filler filler Coarse Grains 5/ 2018/19 377.91 438.46 54.97 323.02 60.47 2019/20 (Est.) 359.43 423.01 50.51 320.68 51.83 filler filler filler filler filler 2020/21 (Proj.) Dec 382.75 439.18 74.51 318.35 46.32 2020/21 (Proj.) Jan 374.57 429.08 72.35 314.29 42.45 filler filler filler filler filler Rice, milled 2018/19 7.11 8.96 2.97 4.57 1.42 2019/20 (Est.) 5.88 8.49 2.99 4.59 0.91 filler filler filler filler filler 2020/21 (Proj.) Dec 7.18 9.25 3.02 4.62 1.61 2020/21 (Proj.) Jan 7.23 9.29 2.99 5.08 1.22 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, co arse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). January 2021 WASDE - 608 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2018/19 2,189.90 2,915.34 346.94 2,282.98 715.80 2019/20 (Est.) 2,253.81 2,962.46 361.19 2,313.27 728.96 filler filler filler filler filler 2020/21 (Proj.) Dec 2,283.06 3,003.71 361.50 2,365.14 742.90 2020/21 (Proj.) Jan 2,282.82 3,004.67 362.17 2,366.46 740.35 filler filler filler filler filler Wheat 2018/19 679.59 933.00 148.17 704.73 253.77 2019/20 (Est.) 711.32 962.24 165.18 716.41 272.10 filler filler filler filler filler 2020/21 (Proj.) Dec 723.97 993.35 166.84 727.11 293.05 2020/21 (Proj.) Jan 722.95 991.79 166.97 728.16 290.43 filler filler filler filler filler Coarse Grains 5/ 2018/19 1,020.09 1,329.73 157.84 1,098.13 286.57 2019/20 (Est.) 1,051.97 1,335.42 156.29 1,106.46 279.47 filler filler filler filler filler 2020/21 (Proj.) Dec 1,065.07 1,340.19 152.39 1,142.21 272.48 2020/21 (Proj.) Jan 1,063.92 1,340.70 152.81 1,141.41 271.64 filler filler filler filler filler Rice, milled 2018/19 490.21 652.61 40.93 480.12 175.46 2019/20 (Est.) 490.52 664.80 39.72 490.39 177.40 filler filler filler filler filler 2020/21 (Proj.) Dec 494.02 670.17 42.27 495.82 177.37 2020/21 (Proj.) Jan 495.94 672.19 42.39 496.89 178.28 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grain s. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2018/19 118.58 199.69 41.64 120.16 80.27 2019/20 (Est.) 122.14 202.41 41.24 102.61 99.28 filler filler filler filler filler 2020/21 (Proj.) Dec 113.90 213.32 43.21 115.63 97.52 2020/21 (Proj.) Jan 112.87 212.14 43.56 115.73 96.32 filler filler filler filler filler United States 2018/19 18.37 22.57 14.84 2.98 4.85 2019/20 (Est.) 19.91 24.77 15.53 2.15 7.25 filler filler filler filler filler 2020/21 (Proj.) Dec 15.95 23.20 15.00 2.50 5.70 2020/21 (Proj.) Jan 14.95 22.21 15.25 2.40 4.60 filler filler filler filler filler Foreign 4/ 2018/19 100.21 177.12 26.81 117.19 75.42 2019/20 (Est.) 102.22 177.64 25.71 100.46 92.03 filler filler filler filler filler 2020/21 (Proj.) Dec 97.95 190.12 28.21 113.13 91.82 2020/21 (Proj.) Jan 97.91 189.94 28.31 113.33 91.72 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. January 2021 WASDE - 608 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2018/19 600.00 717.00 170.90 488.67 132.31 2019/20 (Est.) 576.43 708.74 190.17 506.18 110.79 filler filler filler filler filler 2020/21 (Proj.) Dec 595.68 706.36 191.80 511.73 97.76 2020/21 (Proj.) Jan 594.48 705.27 192.65 512.28 96.50 filler filler filler filler filler Oilmeals 2018/19 332.72 350.52 94.19 328.86 16.17 2019/20 (Est.) 344.66 360.83 93.76 342.22 14.02 filler filler filler filler filler 2020/21 (Proj.) Dec 351.99 365.88 92.12 350.37 11.62 2020/21 (Proj.) Jan 352.21 366.23 91.93 350.37 11.97 filler filler filler filler filler Vegetable Oils 2018/19 203.49 226.74 86.17 199.36 22.62 2019/20 (Est.) 207.26 229.89 86.16 202.42 23.29 filler filler filler filler filler 2020/21 (Proj.) Dec 209.14 231.91 86.04 207.94 20.10 2020/21 (Proj.) Jan 209.41 232.71 86.36 207.75 20.72 filler filler filler filler filler United States Output Tota l Supply Tra de Tota l Use 2/ Ending Stocks Oilseeds 2018/19 130.72 145.66 48.82 61.03 26.54 2019/20 (Est.) 106.98 134.74 47.04 63.10 15.96 filler filler filler filler filler 2020/21 (Proj.) Dec 123.67 140.76 61.08 63.99 6.46 2020/21 (Proj.) Jan 122.42 140.13 61.81 64.28 5.38 filler filler filler filler filler Oilmeals 2018/19 46.52 51.02 12.50 38.10 0.42 2019/20 (Est.) 48.80 53.34 13.05 39.90 0.39 filler filler filler filler filler 2020/21 (Proj.) Dec 49.37 53.78 12.98 40.39 0.41 2020/21 (Proj.) Jan 49.67 54.09 13.21 40.47 0.41 filler filler filler filler filler Vegetable Oils 2018/19 12.20 18.14 1.09 15.88 1.16 2019/20 (Est.) 12.66 18.75 1.51 16.04 1.21 filler filler filler filler filler 2020/21 (Proj.) Dec 12.92 19.10 1.48 16.37 1.25 2020/21 (Proj.) Jan 13.03 19.15 1.47 16.44 1.25 filler filler filler filler filler Foreign 3/ Output Tota l Supply Tra de Tota l Use 2/ Ending Stocks Oilseeds 2018/19 469.28 571.34 122.08 427.64 105.78 2019/20 (Est.) 469.45 574.01 143.13 443.08 94.84 filler filler filler filler filler 2020/21 (Proj.) Dec 472.01 565.60 130.72 447.74 91.30 2020/21 (Proj.) Jan 472.06 565.15 130.85 447.99 91.13 filler filler filler filler filler Oilmeals 2018/19 286.20 299.50 81.69 290.76 15.75 2019/20 (Est.) 295.87 307.49 80.71 302.32 13.63 filler filler filler filler filler 2020/21 (Proj.) Dec 302.62 312.10 79.14 309.97 11.21 2020/21 (Proj.) Jan 302.54 312.14 78.72 309.90 11.56 filler filler filler filler filler Vegetable Oils 2018/19 191.29 208.60 85.08 183.47 21.46 2019/20 (Est.) 194.60 211.14 84.65 186.38 22.09 filler filler filler filler filler 2020/21 (Proj.) Dec 196.22 212.81 84.56 191.57 18.85 2020/21 (Proj.) Jan 196.39 213.55 84.89 191.31 19.47 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. January 2021 WASDE - 608 - 11 U.S. Wheat Supply and Use 1/ 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Dec Jan Million Acres Area Planted 47.8 45.5 44.3 44.3 Area Harvested 39.6 37.4 36.7 36.7 Bushels Yield per Harvested Acre 47.6 51.7 49.7 49.7 Million Bushels Beginning Stocks 1,099 1,080 1,028 1,028 Production 1,885 1,932 1,826 1,826 Imports 135 105 120 120 Supply, Total 3,119 3,117 2,974 2,974 Food 954 962 965 965 Seed 59 60 62 63 Feed and Residual 88 101 100 125 Domestic, Total 1,102 1,123 1,127 1,153 Exports 937 965 985 985 Use, Total 2,039 2,089 2,112 2,138 Ending Stocks 1,080 1,028 862 836 Avg. Farm Price ($/bu) 2/ 5.16 4.58 4.70 4.85 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2019/20 (Est.) Beginning Stocks 516 263 158 88 55 1,080 Production 845 520 240 273 54 1,932 Supply, Total 3/ 1,363 836 402 367 150 3,117 Domestic Use 480 288 204 85 66 1,123 Exports 376 268 92 187 42 965 Use, Total 856 556 297 272 108 2,089 Ending Stocks, Total 506 280 105 95 42 1,028 2020/21 (Proj.) Beginning Stocks 506 280 105 95 42 1,028 Production 659 530 266 302 69 1,826 Supply, Total 3/ 1,167 870 379 405 153 2,974 Domestic Use 438 321 205 96 93 1,153 Exports 395 270 75 215 30 985 Use, Total 833 591 280 311 123 2,138 Ending Stocks, Total Jan 334 279 99 94 30 836 Ending Stocks, Total Dec 348 284 105 95 31 862 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. January 2021 WASDE - 608 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Dec Jan Million Acres Area Planted 99.9 100.6 102.4 102.3 Area Harvested 89.2 89.1 90.7 90.7 Metric Tons Yield per Harvested Acre 4.24 4.03 4.22 4.13 Million Metric Tons Beginning Stocks 57.9 60.5 53.7 51.8 Production 377.7 359.2 382.5 374.3 Imports 2.3 2.8 2.4 2.4 Supply, Total 437.9 422.4 438.6 428.5 Feed and Residual 142.9 154.4 148.5 147.2 Food, Seed & Industrial 179.6 165.7 169.3 166.5 Domestic, Total 322.5 320.1 317.8 313.7 Exports 55.0 50.5 74.5 72.3 Use, Total 377.5 370.6 392.3 386.1 Ending Stocks 60.5 51.8 46.3 42.4 CORN 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. December January Million Acres Area Planted 88.9 89.7 91.0 90.8 Area Harvested 81.3 81.3 82.5 82.5 Bushels Yield per Harvested Acre 176.4 167.5 175.8 172.0 Million Bushels Beginning Stocks 2,140 2,221 1,995 1,919 Production 14,340 13,620 14,507 14,182 Imports 28 42 25 25 Supply, Total 16,509 15,883 16,527 16,127 Feed and Residual 5,429 5,903 5,700 5,650 Food, Seed & Industrial 2/ 6,793 6,282 6,475 6,375 Ethanol & by -products 3/ 5,378 4,852 5,050 4,950 Domestic, Total 12,222 12,185 12,175 12,025 Exports 2,066 1,778 2,650 2,550 Use, Total 14,288 13,963 14,825 14,575 Ending Stocks 2,221 1,919 1,702 1,552 Avg. Farm Price ($/bu) 4/ 3.61 3.56 4.00 4.20 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data -products/feed-grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. January 2021 WASDE - 608 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Dec Jan Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 5.7 5.3 5.8 5.9 Area Harvested (mil. acres) 5.1 4.7 5.0 5.1 Yield (bushels/acre) 72.1 73.0 74.2 73.2 Beginning Stocks 35 64 29 30 Production 365 341 371 373 Imports 0 0 0 0 Supply, Total 400 405 400 403 Feed and Residual 138 97 70 70 Food, Seed & Industrial 106 75 25 15 Total Domestic 244 171 95 85 Exports 93 204 275 290 Use, Total 336 375 370 375 Ending Stocks 64 30 30 28 Avg. Farm Price ($/bu) 2/ 3.26 3.34 4.40 4.70 Filler Filler Filler Filler Filler BARLEY 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. December January Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.5 2.8 2.6 2.6 Area Harvested (mil. acres) 2.0 2.2 2.1 2.1 Yield (bushels/acre) 77.5 77.7 77.5 77.5 Beginning Stocks 94 87 80 80 Production 154 172 165 165 Imports 6 7 7 7 Supply, Total 254 266 253 253 Feed and Residual 14 39 25 25 Food, Seed & Industrial 148 142 141 141 Total Domestic 162 180 166 166 Exports 5 6 8 8 Use, Total 167 186 174 174 Ending Stocks 87 80 79 79 Avg. Farm Price ($/bu) 2/ 4.62 4.69 4.55 4.60 Filler Filler Filler Filler Filler OATS 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. December January Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.7 2.8 3.0 3.0 Area Harvested (mil. acres) 0.9 0.8 1.0 1.0 Yield (bushels/acre) 64.9 64.3 65.1 65.1 Beginning Stocks 41 38 37 37 Production 56 53 65 65 Imports 86 92 94 94 Supply, Total 184 183 196 196 Feed and Residual 66 63 75 75 Food, Seed & Industrial 78 81 79 79 Total Domestic 144 144 154 154 Exports 2 2 2 2 Use, Total 146 146 156 156 Ending Stocks 38 37 40 40 Avg. Farm Price ($/bu) 2/ 2.66 2.82 2.70 2.70 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. January 2021 WASDE - 608 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Dec Jan Million Acres Area Planted 2.95 2.55 3.04 3.04 Area Harvested 2.91 2.48 2.99 2.99 Filler Pounds Yield per Harvested Acre 7,692 7,473 7,560 7,619 Million Hundredweight Beginning Stocks 2/ 29.4 44.9 28.7 28.7 Production 223.8 185.1 226.1 227.6 Imports 29.0 37.3 36.5 36.2 Supply, Total 282.2 267.3 291.3 292.4 Domestic & Residual 3/ 143.8 144.4 145.5 160.0 Exports, Total 4/ 93.6 94.2 95.0 94.0 Rough 33.3 31.2 34.0 35.0 Milled (rough equiv.) 60.3 62.9 61.0 59.0 Use, Total 237.3 238.6 240.5 254.0 Ending Stocks 44.9 28.7 50.8 38.4 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 12.60 13.50 13.10 13.20 Tota l LONG -GRAIN RICE 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. December January Harvested Acres (mil.) 2.18 1.73 2.30 Yield (pounds/acre) 7,517 7,261 7,422 Beginning Stocks 20.3 32.6 16.9 16.9 Production 163.6 125.6 169.8 170.9 Supply, Total 7/ 207.3 188.0 216.2 217.3 Domestic & Residual 3/ 108.5 106.4 111.0 125.0 Exports 8/ 66.2 64.6 67.0 66.0 Use, Total 174.7 171.1 178.0 191.0 Ending Stocks 32.6 16.9 38.2 26.3 Avg. Farm Price ($/cwt) 6/ 10.80 12.00 11.80 12.00 Filler Filler Filler Filler Filler MEDIUM & SHORT -GRAIN RICE 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. December January Harvested Acres (mil.) 0.73 0.75 0.69 Yield (pounds/acre) 8,209 7,964 8,282 Beginning Stocks 7.6 10.2 10.7 10.7 Production 60.3 59.5 56.3 56.7 Supply, Total 7/ 72.8 78.3 74.0 74.1 Domestic & Residual 3/ 35.3 38.0 34.5 35.0 Exports 8/ 27.3 29.6 28.0 28.0 Use, Total 62.6 67.6 62.5 63.0 Ending Stocks 10.2 10.7 11.5 11.1 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 18.50 17.80 16.80 16.90 California 10/ 21.10 20.60 19.00 19.00 Other States 1/ 12.30 11.60 12.00 12.30 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2015/16- 2.9; 2016/17 -3.5; 2017/ 18-1.4. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing- year weighted average price received by farm ers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short -grain season -average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the preliminary California SAFP forecast and the final price has averaged $1.00 per cwt from 2014/15- 2018/19, with a high of $3.50 per cwt in 2017/18 and a low of -$0.20 per cwt in 2015/16. 10/ Marketing year beginning October 1. January 2021 WASDE - 608 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Dec Jan Filler Filler Filler Filler Filler Million Acres Area Planted 89.2 76.1 83.1 83.1 Area Harvested 87.6 74.9 82.3 82.3 Filler Bushels Yield per Harvested Acre 50.6 47.4 50.7 50.2 Million Bushels Beginning Stocks 438 909 523 525 Production 4,428 3,552 4,170 4,135 Imports 14 15 15 35 Supply, Total 4,880 4,476 4,709 4,695 Crushings 2,092 2,165 2,195 2,200 Exports 1,752 1,682 2,200 2,230 Seed 88 96 103 103 Residual 39 9 35 22 Use, Total 3,971 3,952 4,534 4,555 Ending Stocks 909 525 175 140 Avg. Farm Price ($/bu) 2/ 8.48 8.57 10.55 11.15 Tota l SOYBEAN OIL 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. December January Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,995 1,775 1,849 1,849 Production 4/ 24,197 24,912 25,440 25,565 Imports 397 319 350 350 Supply, Total 26,590 27,006 27,639 27,764 Domestic Disappearance 22,874 22,319 23,000 23,200 Biodiesel 3/ 7,863 7,858 8,100 8,200 Food, Feed & other Industrial 15,011 14,461 14,900 15,000 Exports 1,940 2,839 2,750 2,750 Use, Total 24,815 25,158 25,750 25,950 Ending stocks 1,775 1,849 1,889 1,814 Avg. Price (c/lb) 2/ 28.26 29.65 36.00 38.50 Tota l SOYBEAN MEAL 2018/19 2019/20 Est. 2020/21 Pro j. 2020/21 Pro j. December January Filler 1 2 3 4 Thousand Short Tons Beginning Stocks 555 402 341 341 Production 4/ 48,814 51,100 51,709 51,959 Imports 683 639 600 600 Supply, Total 50,052 52,142 52,650 52,900 Domestic Disappearance 36,212 37,723 38,300 38,300 Exports 13,438 14,077 14,000 14,250 Use, Total 49,650 51,800 52,300 52,550 Ending Stocks 402 341 350 350 Avg. Price ($/s.t.) 2/ 308.28 299.50 370.00 390.00 Tota l Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 pe rcent protein, Decatur. 3/ Reflects only biodiesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,173 mill ion bushels for 2019/20 and 2,200 million bushels for 2020/21. January 2021 WASDE - 608 - 16 U.S. Sugar Supply and Use 1/ 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Dec Jan Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 2,008 1,783 1,618 1,618 Production 2/ 8,999 8,149 8,960 9,156 Beet Sugar 4,939 4,351 4,859 4,992 Cane Sugar 4,060 3,798 4,101 4,163 Florida 2,005 2,106 2,135 2,135 Hawaii 0 0 0 0 Louisiana 1,907 1,566 1,824 1,886 Texas 147 126 142 142 Imports 3,070 4,235 3,428 3,344 TRQ 3/ 1,541 2,152 1,808 1,721 Other Program 4/ 438 432 350 350 Other 5/ 1,092 1,651 1,270 1,273 Mexico 1,000 1,376 1,160 1,163 Total Supply 14,077 14,166 14,006 14,117 Exports 35 61 35 35 Deliveries 12,231 12,414 12,305 12,305 Food 12,106 12,316 12,200 12,200 Other 6/ 126 98 105 105 Miscellaneous 28 74 0 0 Total Use 12,294 12,549 12,340 12,340 Ending Stocks 1,783 1,618 1,666 1,777 Stocks to Use Ratio 14.5 12.9 13.5 14.4 Tota l 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2019/20 and 2020/21 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2019/20, WTO raw sugar TRQ shortfall (80) and for 2020/21 (99). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Imports from Mexico; and high- tier tariff sugar and syrups not otherwise specified -- for 2019/20 (275) and 2020/21 (110). 6/ Transfers accompanying deliveries for sugar- containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE - reported deliveries: 2018/19 -- 374; estimated 2019/20 -- 340; projected 2020/21 -- 353. Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2019/20 Est. Dec 1,169 5,278 77 4,455 1,212 858 2019/20 Est. Jan 1,169 5,278 77 4,455 1,212 858 2020/21 Proj. Dec 858 5,950 105 4,488 1,490 935 2020/21 Proj. Jan 858 5,950 105 4,488 1,490 935 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2018/19 = 1,528; Estimated 2019/20 = 1,388; Projected 2020/21 = 1,377; Estimated Oct -Nov 2020/21 = 226; Estimated Oct -Nov 2019/20 = 236. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2019/20 (352 est =330 dom.+23 import); 2020/21 (415 proj =350 dom.+65 import). Statistical Adjustments: 2019/20 (1), 2020/21 (0). January 2021 WASDE - 608 - 17 U.S. Cotton Supply and Use 1/ 2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj. Dec Jan Filler Filler Filler Filler Filler Area Million Acres Planted 14.10 13.74 12.12 12.09 Harvested 9.99 11.61 9.01 8.70 Filler Pounds Yield per Harvested Acre 882 823 850 825 Million 480 Pound Bales Beginning Stocks 4.20 4.85 7.25 7.25 Production 18.37 19.91 15.95 14.95 Imports 0.00 0.00 0.00 0.00 Supply, Total 22.57 24.77 23.20 22.21 Domestic Use 2.98 2.15 2.50 2.40 Exports, Total 14.84 15.53 15.00 15.25 Use, Total 17.81 17.68 17.50 17.65 Unaccounted 2/ -0.09 -0.16 0.00 -0.04 Ending Stocks 4.85 7.25 5.70 4.60 Avg. Farm Price 3/ 70.3 59.6 65.0 68.0 Tota l Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. January 2021 WASDE - 608 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 286.98 730.90 171.16 139.20 734.72 173.67 283.16 World Less China 155.78 599.47 168.01 119.20 609.72 172.67 143.39 United States 29.91 51.31 3.66 2.39 29.99 25.50 29.39 Total Foreign 257.07 679.59 167.50 136.81 704.73 148.17 253.77 Major Exporters 4/ 42.93 302.77 7.31 81.91 194.75 120.77 37.50 Argentina 0.47 19.50 0.01 0.05 6.05 12.19 1.74 Australia 4.55 17.60 0.50 5.70 9.20 9.01 4.44 Canada 6.73 32.35 0.48 4.16 9.15 24.38 6.04 EU-27+UK 5/ 17.94 136.58 5.76 51.50 121.05 23.31 15.92 Russia 12.01 71.69 0.45 18.00 40.50 35.86 7.78 Ukraine 1.24 25.06 0.11 2.50 8.80 16.02 1.59 Major Importers 6/ 177.35 199.78 111.72 37.99 294.01 12.44 182.40 Bangladesh 2.23 1.10 5.10 0.28 7.18 0.00 1.26 Brazil 1.31 5.43 7.02 0.50 12.10 0.60 1.06 China 131.20 131.43 3.15 20.00 125.00 1.01 139.77 Japan 1.23 0.86 5.73 0.70 6.45 0.29 1.08 N. Africa 7/ 14.87 21.00 26.96 2.25 46.10 1.19 15.53 Nigeria 0.20 0.06 4.66 0.05 4.32 0.40 0.20 Sel. Mideast 8/ 15.28 17.88 17.23 3.45 37.70 0.63 12.06 Southeast Asia 9/ 5.51 0.00 26.72 7.94 25.29 1.07 5.87 Selected Other India 13.23 99.87 0.02 5.00 95.63 0.50 16.99 Kazakhstan 2.54 13.95 0.09 1.80 6.60 8.30 1.68 2019/20 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 283.16 763.91 185.26 138.95 746.98 191.46 300.09 World Less China 143.39 630.32 179.89 119.95 620.98 190.41 148.41 United States 29.39 52.58 2.86 2.75 30.56 26.28 27.99 Total Foreign 253.77 711.32 182.40 136.20 716.41 165.18 272.10 Major Exporters 4/ 37.50 324.92 6.80 81.21 195.26 141.19 32.78 Argentina 1.74 19.76 0.01 0.05 6.30 13.50 1.70 Australia 4.44 15.20 0.89 5.00 8.50 9.14 2.90 Canada 6.04 32.67 0.68 4.16 9.26 24.63 5.50 EU-27+UK 5/ 15.92 154.51 4.80 52.50 122.50 38.43 14.30 Russia 7.78 73.61 0.33 17.00 40.00 34.49 7.23 Ukraine 1.59 29.17 0.10 2.50 8.70 21.01 1.15 Major Importers 6/ 182.40 202.53 122.16 36.79 297.49 12.74 196.86 Bangladesh 1.26 1.20 6.80 0.30 7.40 0.00 1.86 Brazil 1.06 5.20 7.20 0.50 12.10 0.42 0.94 China 139.77 133.59 5.38 19.00 126.00 1.05 151.68 Japan 1.08 1.10 5.68 0.65 6.37 0.29 1.20 N. Africa 7/ 15.53 18.40 27.74 1.85 46.25 1.06 14.36 Nigeria 0.20 0.06 5.34 0.05 4.90 0.40 0.30 Sel. Mideast 8/ 12.06 22.19 17.71 3.60 38.47 0.78 12.70 Southeast Asia 9/ 5.87 0.00 26.45 7.64 25.15 1.08 6.09 Selected Other India 16.99 103.60 0.02 6.00 95.40 0.51 24.70 Kazakhstan 1.68 11.45 0.58 1.30 6.10 6.99 0.63 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, EU -27+UK, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. January 2021 WASDE - 608 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Dec 300.62 773.66 189.19 141.03 757.78 193.65 316.50 Jan 300.09 772.64 189.28 142.38 759.54 193.78 313.19 World Less China Dec 148.94 637.66 180.69 117.03 623.78 192.65 155.32 Jan 148.41 638.39 180.28 117.38 624.54 192.78 154.25 United States Dec 27.98 49.69 3.27 2.72 30.67 26.81 23.45 Jan 27.99 49.69 3.27 3.40 31.38 26.81 22.76 Total Foreign Dec 272.65 723.97 185.93 138.31 727.11 166.84 293.05 Jan 272.10 722.95 186.01 138.98 728.16 166.97 290.43 Major Exporters 4/ Dec 33.78 328.48 7.53 77.95 191.25 142.00 36.54 Jan 32.78 329.28 7.53 77.95 191.65 141.50 36.44 Argentina Dec 1.70 18.00 0.01 0.05 6.05 12.50 1.16 Jan 1.70 17.50 0.01 0.05 5.95 12.00 1.26 Australia Dec 3.90 30.00 0.50 4.50 8.00 20.00 6.40 Jan 2.90 30.00 0.50 4.50 8.00 20.00 5.40 Canada Dec 5.50 35.18 0.45 4.40 9.60 26.00 5.53 Jan 5.50 35.18 0.45 4.40 9.60 26.50 5.03 EU-27+UK 5/ Dec 14.30 135.80 6.00 49.00 118.50 26.00 11.60 Jan 14.30 135.80 6.00 49.00 118.50 26.50 11.10 Russia Dec 7.23 84.00 0.50 18.00 41.00 40.00 10.73 Jan 7.23 85.30 0.50 18.00 41.50 39.00 12.53 Ukraine Dec 1.15 25.50 0.08 2.00 8.10 17.50 1.12 Jan 1.15 25.50 0.08 2.00 8.10 17.50 1.12 Major Importers 6/ Dec 196.85 204.87 123.65 41.51 307.61 12.78 204.98 Jan 196.86 203.19 123.75 42.38 308.54 12.79 202.48 Bangladesh Dec 1.86 1.25 6.60 0.30 7.50 0.00 2.21 Jan 1.86 1.25 6.60 0.30 7.50 0.00 2.21 Brazil Dec 0.94 6.30 6.70 0.50 12.20 0.60 1.14 Jan 0.94 6.30 6.70 0.50 12.20 0.60 1.14 China Dec 151.68 136.00 8.50 24.00 134.00 1.00 161.18 Jan 151.68 134.25 9.00 25.00 135.00 1.00 158.93 Japan Dec 1.20 1.10 5.60 0.60 6.30 0.28 1.32 Jan 1.20 1.10 5.60 0.60 6.30 0.28 1.32 N. Africa 7/ Dec 14.36 16.64 29.70 1.75 46.95 0.99 12.76 Jan 14.36 16.64 29.40 1.75 46.95 0.99 12.46 Nigeria Dec 0.30 0.06 5.10 0.05 4.76 0.40 0.30 Jan 0.30 0.06 5.10 0.05 4.76 0.40 0.30 Sel. Mideast 8/ Dec 12.70 22.20 18.20 3.62 39.41 0.67 13.02 Jan 12.70 22.28 18.20 3.59 39.44 0.68 13.07 Southeast Asia 9/ Dec 6.09 0.00 26.35 7.59 25.44 1.09 5.91 Jan 6.09 0.00 26.25 7.49 25.34 1.09 5.91 Selected Other India Dec 23.99 107.59 0.03 6.50 99.50 1.00 31.11 Jan 24.70 107.59 0.03 6.50 99.50 1.50 31.32 Kazakhstan Dec 0.63 12.50 0.20 1.20 5.90 6.70 0.73 Jan 0.63 12.50 0.30 1.20 5.90 6.80 0.73 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, EU -27+UK, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. January 2021 WASDE - 608 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 370.19 1,398.00 194.32 852.73 1,421.15 212.81 347.04 World Less China 147.21 1,134.04 183.78 657.28 1,134.14 212.74 136.64 United States 57.92 377.91 2.63 143.09 323.02 54.97 60.47 Total Foreign 312.27 1,020.09 191.69 709.64 1,098.14 157.84 286.56 Major Exporters 4/ 27.12 293.19 5.65 127.91 172.32 134.04 19.60 Argentina 3.37 59.22 0.00 12.28 18.09 40.89 3.61 Australia 2.29 11.51 0.01 5.29 7.30 4.08 2.43 Brazil 9.71 104.33 2.32 59.95 70.98 39.72 5.65 Canada 4.57 26.20 2.62 16.18 24.10 5.98 3.30 Russia 1.37 35.00 0.05 18.80 27.37 7.84 1.22 Ukraine 2.91 44.50 0.06 8.33 11.36 34.07 2.05 Major Importers 5/ 39.30 243.72 144.25 294.80 379.72 11.12 36.44 EU-27+UK 6/ 15.66 148.26 26.49 126.00 168.19 8.83 13.39 Japan 1.80 0.18 17.73 13.84 17.95 0.00 1.75 Mexico 6.18 33.40 17.36 31.27 50.51 0.72 5.71 N. Afr & Mideast 7/ 7.80 31.09 39.90 62.17 70.48 0.89 7.41 Saudi Arabia 2.63 0.29 10.17 10.75 11.13 0.00 1.97 Southeast Asia 8/ 2.56 30.19 17.04 37.89 45.72 0.68 3.38 South Korea 1.86 0.23 10.96 8.59 11.20 0.00 1.86 Selected Other China 222.98 263.96 10.54 195.45 287.01 0.07 210.40 2019/20 Est. Beginning Stocks Production Imports Domes tic Feed Domes tic Total 2/ Exports Ending Stocks World 3/ 347.04 1,411.40 200.60 879.88 1,427.14 206.79 331.30 World Less China 136.64 1,143.20 183.10 679.06 1,132.07 206.75 130.31 United States 60.47 359.44 3.11 154.60 320.68 50.51 51.83 Total Foreign 286.57 1,051.97 197.49 725.28 1,106.46 156.29 279.47 Major Exporters 4/ 19.60 306.28 4.18 133.84 178.47 127.56 24.04 Argentina 3.61 58.13 0.01 12.12 17.68 38.53 5.54 Australia 2.43 10.44 0.01 4.85 6.82 3.81 2.25 Brazil 5.65 105.57 1.91 61.51 72.64 35.01 5.48 Canada 3.30 28.61 1.92 17.50 24.85 5.01 3.98 Russia 1.22 40.50 0.18 22.29 31.39 8.63 1.87 Ukraine 2.05 46.55 0.03 8.69 11.87 34.08 2.68 Major Importers 5/ 36.44 257.47 142.44 297.93 384.26 15.76 36.34 EU-27+UK 6/ 13.39 161.98 19.29 124.43 167.54 13.38 13.74 Japan 1.75 0.22 17.63 13.83 17.90 0.00 1.70 Mexico 5.71 31.91 17.61 30.85 50.33 1.03 3.88 N. Afr & Mideast 7/ 7.41 33.34 41.66 65.07 73.54 0.74 8.13 Saudi Arabia 1.97 0.27 11.33 11.15 11.51 0.00 2.06 Southeast Asia 8/ 3.38 29.40 18.27 38.55 46.62 0.61 3.82 South Korea 1.86 0.28 11.99 9.55 12.10 0.00 2.03 Selected Other China 210.40 268.20 17.50 200.82 295.07 0.04 200.98 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in ma rketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ EU -27+UK, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. January 2021 WASDE - 608 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Dec 331.55 1,447.82 219.28 900.52 1,460.56 226.90 318.80 Jan 331.30 1,438.49 216.59 897.80 1,455.69 225.16 314.09 World Less China Dec 130.56 1,180.44 188.43 690.12 1,153.78 226.83 126.44 Jan 130.31 1,170.44 184.34 685.50 1,147.01 225.09 121.56 United States Dec 53.74 382.75 2.69 148.68 318.35 74.51 46.32 Jan 51.83 374.57 2.69 147.41 314.29 72.35 42.45 Total Foreign Dec 277.81 1,065.07 216.60 751.84 1,142.21 152.39 272.48 Jan 279.47 1,063.92 213.90 750.40 1,141.41 152.81 271.64 Major Exporters 4/ Dec 22.49 310.40 4.21 138.42 183.90 128.06 25.14 Jan 24.04 308.71 4.21 138.42 184.28 128.26 24.41 Argentina Dec 3.96 56.43 0.01 13.46 19.12 37.51 3.77 Jan 5.54 55.19 0.01 13.51 19.18 37.51 4.05 Australia Dec 2.26 14.76 0.00 6.28 8.35 5.95 2.72 Jan 2.25 14.76 0.00 6.28 8.35 5.95 2.71 Brazil Dec 5.48 113.41 2.20 63.08 74.22 39.01 7.86 Jan 5.48 112.41 2.20 63.08 74.22 39.01 6.86 Canada Dec 3.98 29.51 1.81 17.48 25.26 6.00 4.05 Jan 3.98 29.51 1.81 17.48 25.26 6.00 4.05 Russia Dec 1.87 40.93 0.07 22.83 32.03 8.68 2.16 Jan 1.87 41.48 0.07 22.98 32.55 8.68 2.19 Ukraine Dec 2.68 38.71 0.02 8.20 11.40 28.11 1.91 Jan 2.68 38.71 0.02 8.00 11.20 28.31 1.91 Major Importers 5/ Dec 36.25 260.61 145.42 306.62 393.96 11.37 36.95 Jan 36.34 260.23 142.02 303.72 390.66 11.37 36.56 EU-27+UK 6/ Dec 13.74 162.19 19.26 128.00 171.94 9.04 14.19 Jan 13.74 161.81 18.26 127.20 170.74 9.04 14.01 Japan Dec 1.70 0.25 17.62 13.86 17.93 0.00 1.65 Jan 1.70 0.25 17.62 13.86 17.93 0.00 1.65 Mexico Dec 3.80 33.59 17.75 30.86 50.29 0.90 3.95 Jan 3.88 33.59 16.95 30.46 49.89 0.90 3.63 N. Afr & Mideast 7/ Dec 8.13 33.67 42.11 66.64 75.07 0.87 7.97 Jan 8.13 33.67 41.31 65.74 74.17 0.87 8.07 Saudi Arabia Dec 2.06 0.27 12.31 11.75 12.11 0.00 2.53 Jan 2.06 0.27 12.11 11.55 11.91 0.00 2.53 Southeast Asia 8/ Dec 3.82 30.35 19.78 41.35 49.57 0.56 3.81 Jan 3.82 30.35 19.18 40.75 48.97 0.56 3.81 South Korea Dec 2.03 0.22 12.11 9.65 12.31 0.00 2.04 Jan 2.03 0.22 12.11 9.65 12.31 0.00 2.04 Selected Other China Dec 200.98 267.38 30.85 210.40 306.78 0.07 192.36 Jan 200.98 268.05 32.25 212.30 308.68 0.07 192.53 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some coun tries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, an d Ukraine. 5/ EU -27+UK, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, M alaysia, Philippines, Thailand, and Vietnam. January 2021 WASDE - 608 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 340.76 1,123.77 164.42 703.63 1,144.49 181.73 320.04 World Less China 118.24 866.60 159.94 512.63 870.49 181.71 109.88 United States 54.37 364.26 0.71 137.91 310.45 52.48 56.41 Total Foreign 286.39 759.51 163.71 565.73 834.04 129.25 263.63 Major Exporters 4/ 16.16 211.04 2.25 86.34 108.04 111.47 9.95 Argentina 2.41 51.00 0.00 9.70 13.80 37.24 2.37 Brazil 9.32 101.00 1.66 57.00 67.00 39.68 5.29 Russia 0.20 11.42 0.04 7.60 8.50 2.77 0.38 South Africa 2.67 11.82 0.51 7.04 12.54 1.45 1.02 Ukraine 1.57 35.81 0.04 5.00 6.20 30.32 0.89 Major Importers 5/ 23.25 129.08 99.36 169.33 224.47 5.03 22.19 Egypt 1.85 6.80 9.37 13.70 16.20 0.00 1.81 EU-27+UK 6/ 9.16 64.38 25.25 67.00 87.50 3.63 7.66 Japan 1.39 0.00 16.05 12.30 16.00 0.00 1.45 Mexico 5.65 27.60 16.66 25.90 44.10 0.72 5.09 Southeast Asia 7/ 2.54 30.14 16.66 37.60 45.30 0.68 3.37 South Korea 1.85 0.08 10.86 8.56 10.95 0.00 1.84 Selected Other 0.00 Canada 2.42 13.89 2.56 9.30 15.09 1.80 1.98 China 222.53 257.17 4.48 191.00 274.00 0.02 210.16 2019/20 Est. Beginning Stocks Production Imports Domes tic Feed Domes tic Total 2/ Exports Ending Stocks World 3/ 320.04 1,116.41 165.17 714.83 1,133.45 169.99 303.01 World Less China 109.88 855.64 157.57 521.83 855.45 169.97 102.48 United States 56.41 345.96 1.06 149.94 309.51 45.17 48.76 Total Foreign 263.63 770.45 164.11 564.89 823.94 124.81 254.25 Major Exporters 4/ 9.95 219.16 1.28 88.80 110.80 106.00 13.59 Argentina 2.37 51.00 0.01 9.50 13.50 35.50 4.37 Brazil 5.29 102.00 1.20 58.50 68.50 35.00 4.99 Russia 0.38 14.28 0.05 8.80 9.80 4.07 0.83 South Africa 1.02 16.00 0.00 6.80 12.60 2.50 1.92 Ukraine 0.89 35.89 0.03 5.20 6.40 28.93 1.48 Major Importers 5/ 22.19 129.12 95.28 164.10 219.75 6.45 20.38 Egypt 1.81 6.40 10.43 14.40 16.90 0.01 1.73 EU-27+UK 6/ 7.66 66.72 18.61 60.00 81.00 4.81 7.18 Japan 1.45 0.00 15.89 12.30 15.95 0.00 1.39 Mexico 5.09 26.50 16.53 25.60 43.80 1.03 3.29 Southeast Asia 7/ 3.37 29.35 17.36 37.80 45.65 0.61 3.81 South Korea 1.84 0.08 11.89 9.50 11.80 0.00 2.00 Selected Other 0.00 Canada 1.98 13.40 1.84 8.66 13.96 0.71 2.56 China 210.16 260.78 7.60 193.00 278.00 0.01 200.53 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, EU -27+UK, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. January 2021 WASDE - 608 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Dec 303.42 1,143.56 179.57 727.98 1,158.01 185.97 288.96 Jan 303.01 1,133.89 176.28 725.02 1,153.06 183.63 283.83 World Less China Dec 102.89 883.56 163.07 529.48 872.51 185.95 97.45 Jan 102.48 873.22 158.78 525.02 866.06 183.61 92.16 United States Dec 50.68 368.49 0.64 144.79 309.26 67.31 43.23 Jan 48.76 360.25 0.64 143.52 305.45 64.77 39.42 Total Foreign Dec 252.73 775.07 178.94 583.19 848.75 118.66 245.72 Jan 254.25 773.64 175.65 581.50 847.61 118.86 244.41 Major Exporters 4/ Dec 12.09 218.50 1.56 92.80 114.90 102.90 14.35 Jan 13.59 216.00 1.56 92.80 114.90 102.90 13.35 Argentina Dec 2.87 49.00 0.01 11.00 15.00 34.00 2.88 Jan 4.37 47.50 0.01 11.00 15.00 34.00 2.88 Brazil Dec 4.99 110.00 1.50 60.00 70.00 39.00 7.49 Jan 4.99 109.00 1.50 60.00 70.00 39.00 6.49 Russia Dec 0.83 14.00 0.04 9.90 11.00 3.10 0.77 Jan 0.83 14.00 0.04 9.90 11.00 3.10 0.77 South Africa Dec 1.92 16.00 0.00 7.00 12.80 2.80 2.32 Jan 1.92 16.00 0.00 7.00 12.80 2.80 2.32 Ukraine Dec 1.48 29.50 0.02 4.90 6.10 24.00 0.89 Jan 1.48 29.50 0.02 4.90 6.10 24.00 0.89 Major Importers 5/ Dec 20.38 128.56 97.85 166.50 222.90 3.67 20.22 Jan 20.38 128.46 95.25 164.80 220.80 3.67 19.62 Egypt Dec 1.73 6.40 10.50 14.60 17.10 0.01 1.52 Jan 1.73 6.40 10.30 14.40 16.90 0.01 1.52 EU-27+UK 6/ Dec 7.18 63.70 19.00 59.00 80.40 2.20 7.28 Jan 7.18 63.60 18.00 58.50 79.50 2.20 7.08 Japan Dec 1.39 0.00 16.00 12.40 16.05 0.00 1.34 Jan 1.39 0.00 16.00 12.40 16.05 0.00 1.34 Mexico Dec 3.29 28.00 17.30 26.00 44.25 0.90 3.44 Jan 3.29 28.00 16.50 25.60 43.85 0.90 3.04 Southeast Asia 7/ Dec 3.81 30.30 18.65 40.40 48.40 0.56 3.80 Jan 3.81 30.30 18.05 39.80 47.80 0.56 3.80 South Korea Dec 2.00 0.08 12.00 9.60 12.05 0.00 2.03 Jan 2.00 0.08 12.00 9.60 12.05 0.00 2.03 Selected Other Canada Dec 2.56 13.56 1.70 9.60 14.80 1.00 2.02 Jan 2.56 13.56 1.70 9.60 14.80 1.00 2.02 China Dec 200.53 260.00 16.50 198.50 285.50 0.02 191.51 Jan 200.53 260.67 17.50 200.00 287.00 0.02 191.68 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, EU -27+UK, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. January 2021 WASDE - 608 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 164.26 497.32 44.04 484.69 43.90 176.89 World Less China 55.26 348.83 40.84 341.77 41.13 61.89 United States 0.93 7.11 0.92 4.57 2.97 1.42 Total Foreign 163.32 490.21 43.12 480.12 40.93 175.46 Major Exporters 4/ 28.88 184.66 0.76 145.71 31.76 36.84 Burma 0.81 13.20 0.01 10.25 2.70 1.07 India 22.60 116.48 0.00 99.16 10.42 29.50 Pakistan 1.42 7.30 0.00 3.30 4.49 0.93 Thailand 3.01 20.34 0.25 11.80 7.56 4.24 Vietnam 1.03 27.34 0.50 21.20 6.58 1.10 Major Importers 5/ 122.91 239.14 17.13 247.82 3.18 128.19 China 109.00 148.49 3.20 142.92 2.77 115.00 EU-27+UK 6/ 1.18 1.96 2.15 3.80 0.30 1.19 Indonesia 5.56 34.20 0.60 36.30 0.00 4.06 Nigeria 1.58 4.54 1.90 6.80 0.00 1.22 Philippines 2.29 11.73 3.60 14.10 0.00 3.52 Sel. Mideast 7/ 1.23 2.01 3.93 5.90 0.00 1.27 Selected Other 0.00 Brazil 0.59 7.14 0.75 7.35 0.88 0.25 C. Amer & Carib 8/ 0.57 1.74 1.78 3.47 0.04 0.58 Egypt 1.56 2.80 0.81 4.20 0.02 0.95 Japan 2.22 7.66 0.63 8.40 0.07 2.05 Mexico 0.15 0.19 0.74 0.92 0.03 0.14 South Korea 1.56 3.87 0.29 4.57 0.05 1.09 2019/20 Est. Beginning Stocks Production Imports Total /2 Domes tic Exports Ending Stocks World 3/ 176.89 496.40 42.25 494.98 42.71 178.31 World Less China 61.89 349.67 39.65 349.75 40.11 61.81 United States 1.42 5.88 1.19 4.59 2.99 0.91 Total Foreign 175.46 490.52 41.06 490.39 39.72 177.40 Major Exporters 4/ 36.84 183.08 0.66 152.64 30.19 37.75 Burma 1.07 12.70 0.01 10.35 2.30 1.13 India 29.50 118.43 0.00 105.74 12.49 29.70 Pakistan 0.93 7.20 0.00 3.30 3.80 1.03 Thailand 4.24 17.66 0.25 12.00 5.50 4.64 Vietnam 1.10 27.10 0.40 21.25 6.10 1.25 Major Importers 5/ 128.19 239.12 14.27 250.03 2.97 128.58 China 115.00 146.73 2.60 145.23 2.60 116.50 EU-27+UK 6/ 1.19 1.98 2.44 4.05 0.31 1.25 Indonesia 4.06 34.00 0.55 35.50 0.00 3.11 Nigeria 1.22 5.04 1.30 6.85 0.00 0.71 Philippines 3.52 11.93 2.45 14.30 0.00 3.60 Sel. Mideast 7/ 1.27 2.34 3.85 6.10 0.00 1.36 Selected Other 0.00 Brazil 0.25 7.60 0.85 7.15 1.20 0.35 C. Amer & Carib 8/ 0.58 1.63 1.85 3.39 0.04 0.64 Egypt 0.95 4.30 0.30 4.30 0.02 1.23 Japan 2.05 7.61 0.69 8.35 0.07 1.92 Mexico 0.14 0.17 0.80 0.94 0.01 0.16 South Korea 1.09 3.74 0.45 4.10 0.06 1.14 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, EU -27+UK, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. January 2021 WASDE - 608 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2020/21 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Dec 178.22 501.20 42.54 500.44 45.29 178.98 Jan 178.31 503.17 42.97 501.97 45.38 179.50 World Less China Dec 61.72 354.20 40.34 353.94 42.59 62.48 Jan 61.81 354.87 40.77 354.47 42.88 62.50 United States Dec 0.91 7.18 1.16 4.62 3.02 1.61 Jan 0.91 7.23 1.15 5.08 2.99 1.22 Total Foreign Dec 177.31 494.02 41.38 495.82 42.27 177.37 Jan 177.40 495.94 41.82 496.89 42.39 178.28 Major Exporters 4/ Dec 37.65 186.10 0.61 153.10 33.00 38.26 Jan 37.75 186.20 0.71 153.20 33.30 38.16 Burma Dec 1.13 12.90 0.01 10.50 2.20 1.34 Jan 1.13 12.90 0.01 10.50 2.20 1.34 India Dec 29.70 120.00 0.00 106.00 13.50 30.20 Jan 29.70 120.00 0.00 106.00 13.80 29.90 Pakistan Dec 1.03 7.60 0.00 3.40 4.00 1.23 Jan 1.03 7.60 0.00 3.40 4.00 1.23 Thailand Dec 4.64 18.60 0.20 12.00 7.00 4.44 Jan 4.64 18.60 0.20 12.00 7.00 4.44 Vietnam Dec 1.15 27.00 0.40 21.20 6.30 1.05 Jan 1.25 27.10 0.50 21.30 6.30 1.25 Major Importers 5/ Dec 128.59 239.58 14.35 251.65 3.07 127.80 Jan 128.58 241.18 14.65 252.75 2.87 128.79 China Dec 116.50 147.00 2.20 146.50 2.70 116.50 Jan 116.50 148.30 2.20 147.50 2.50 117.00 EU-27+UK 6/ Dec 1.25 1.98 2.40 4.15 0.32 1.16 Jan 1.25 1.98 2.40 4.15 0.32 1.16 Indonesia Dec 3.11 34.90 0.50 35.40 0.00 3.11 Jan 3.11 34.90 0.50 35.40 0.00 3.11 Nigeria Dec 0.71 5.04 1.50 6.70 0.00 0.55 Jan 0.71 5.04 1.50 6.70 0.00 0.55 Philippines Dec 3.60 11.70 2.50 14.40 0.00 3.40 Jan 3.60 12.00 2.30 14.40 0.00 3.50 Sel. Mideast 7/ Dec 1.36 2.27 3.85 6.20 0.00 1.28 Jan 1.36 2.27 3.85 6.20 0.00 1.28 Selected Other Brazil Dec 0.35 7.48 0.80 7.20 1.00 0.43 Jan 0.35 7.48 0.80 7.20 1.00 0.43 C. Amer & Carib 8/ Dec 0.61 1.62 1.95 3.49 0.03 0.65 Jan 0.64 1.63 1.95 3.52 0.03 0.66 Egypt Dec 1.23 4.00 0.25 4.30 0.02 1.16 Jan 1.23 4.00 0.25 4.30 0.02 1.16 Japan Dec 1.92 7.62 0.69 8.25 0.08 1.90 Jan 1.92 7.62 0.69 8.25 0.08 1.90 Mexico Dec 0.16 0.19 0.80 0.96 0.01 0.19 Jan 0.16 0.19 0.80 0.96 0.01 0.19 South Korea Dec 1.14 3.51 0.45 4.00 0.06 1.04 Jan 1.14 3.51 0.45 4.00 0.06 1.04 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, EU -27+UK, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. January 2021 WASDE - 608 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2018/19 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 81.11 118.58 42.43 120.16 41.64 0.04 80.27 World Less China 43.11 90.83 32.79 80.66 41.43 0.04 44.60 United States 4.20 18.37 3/ 2.98 14.84 -0.09 4.85 Total Foreign 76.91 100.21 42.43 117.19 26.81 0.14 75.42 Major Exporters 4/ 26.93 54.54 2.48 33.02 22.33 0.02 28.57 Central Asia 5/ 2.67 5.44 3/ 3.80 2.04 0.00 2.28 Afr. Fr. Zone 6/ 1.61 5.43 3/ 0.17 5.47 0.00 1.41 S. Hemis. 7/ 13.19 17.24 0.18 4.39 10.86 0.01 15.34 Australia 3.04 2.20 3/ 0.04 3.63 0.00 1.57 Brazil 8.66 13.00 0.02 3.40 6.02 0.00 12.26 India 9.23 25.80 1.80 24.00 3.52 0.00 9.30 Major Importers 8/ 48.12 42.69 37.40 79.99 3.24 0.11 44.88 Mexico 0.66 1.74 0.85 2.00 0.52 0.03 0.69 China 37.99 27.75 9.64 39.50 0.21 0.00 35.67 EU-27+UK 9/ 0.30 1.71 0.64 0.70 1.72 0.03 0.22 Turkey 1.95 3.75 3.61 6.90 0.71 0.00 1.69 Pakistan 2.83 7.60 2.85 10.70 0.06 0.03 2.50 Indonesia 0.63 3/ 3.05 3.15 0.01 0.00 0.53 Thailand 0.20 3/ 1.08 1.05 0.00 0.03 0.20 Bangladesh 1.86 0.14 7.00 7.20 0.00 0.01 1.78 Vietnam 1.29 3/ 6.94 7.00 0.00 0.00 1.23 2019/20 Est. Beginning Stocks Production Imports Domes tic Use Exports Los s /2 Ending Stocks World 80.27 122.14 40.68 102.61 41.24 -0.04 99.28 World Less China 44.60 94.89 33.54 69.61 41.08 -0.04 62.38 United States 4.85 19.91 3/ 2.15 15.53 -0.16 7.25 Total Foreign 75.42 102.22 40.68 100.46 25.71 0.13 92.03 Major Exporters 4/ 28.57 58.55 2.87 28.25 21.24 0.02 40.48 Central Asia 5/ 2.28 5.96 3/ 3.94 1.58 0.00 2.72 Afr. Fr. Zone 6/ 1.41 5.91 3/ 0.14 4.87 0.00 2.30 S. Hemis. 7/ 15.34 16.73 0.14 3.56 11.31 0.01 17.32 Australia 1.57 0.63 3/ 0.04 1.36 0.00 0.80 Brazil 12.26 13.78 0.01 2.70 8.94 0.00 14.40 India 9.30 29.50 2.28 20.00 3.20 0.00 17.88 Major Importers 8/ 44.88 40.62 35.44 68.58 3.18 0.11 49.07 Mexico 0.69 1.57 0.59 1.50 0.66 0.03 0.67 China 35.67 27.25 7.14 33.00 0.16 0.00 36.90 EU-27+UK 9/ 0.22 2.00 0.58 0.60 1.82 0.03 0.34 Turkey 1.69 3.45 4.67 6.60 0.45 0.00 2.77 Pakistan 2.50 6.20 3.98 9.20 0.06 0.03 3.39 Indonesia 0.53 3/ 2.51 2.40 0.00 0.00 0.64 Thailand 0.20 3/ 0.70 0.78 0.00 0.02 0.10 Bangladesh 1.78 0.14 7.50 6.90 0.00 0.01 2.52 Vietnam 1.23 3/ 6.48 6.30 0.00 0.00 1.41 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, re flects the difference between implicit stocks based on suppl y less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regi ons listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. January 2021 WASDE - 608 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2020/21 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Dec 99.42 113.90 43.17 115.63 43.21 0.14 97.52 Jan 99.28 112.87 43.55 115.73 43.56 0.09 96.32 World Less China Dec 62.52 86.40 33.17 77.63 43.08 0.14 61.25 Jan 62.38 85.37 33.05 77.23 43.43 0.09 60.04 United States Dec 7.25 15.95 3/ 2.50 15.00 0.00 5.70 Jan 7.25 14.95 3/ 2.40 15.25 -0.04 4.60 filler filler filler filler filler filler filler Total Foreign Dec 92.17 97.95 43.16 113.13 28.21 0.13 91.82 Jan 92.03 97.91 43.54 113.33 28.31 0.13 91.72 Major Exporters 4/ Dec 40.72 57.26 1.71 32.88 24.36 0.02 42.44 Jan 40.48 57.17 1.71 32.88 24.31 0.02 42.15 Central Asia 5/ Dec 2.72 5.83 3/ 4.19 1.58 0.00 2.78 Jan 2.72 5.83 3/ 4.19 1.58 0.00 2.78 Afr. Fr. Zone 6/ Dec 2.53 4.88 3/ 0.14 4.87 0.00 2.40 Jan 2.30 4.77 3/ 0.14 4.72 0.00 2.21 S. Hemis. 7/ Dec 17.34 16.70 0.16 3.92 12.64 0.01 17.62 Jan 17.32 16.73 0.16 3.92 12.74 0.01 17.54 Australia Dec 0.80 2.40 3/ 0.04 1.40 0.00 1.77 Jan 0.80 2.50 3/ 0.04 1.50 0.00 1.77 filler filler filler filler filler filler filler Brazil Dec 14.40 12.00 0.03 3.00 10.00 0.00 13.43 Jan 14.40 12.00 0.03 3.00 10.00 0.00 13.43 India Dec 17.88 29.50 1.00 24.00 5.00 0.00 19.38 Jan 17.88 29.50 1.00 24.00 5.00 0.00 19.38 Major Importers 8/ Dec 48.97 37.53 38.91 76.29 2.43 0.11 46.58 Jan 49.07 37.58 39.33 76.53 2.58 0.11 46.76 Mexico Dec 0.67 1.05 0.65 1.60 0.20 0.03 0.54 Jan 0.67 1.05 0.75 1.60 0.30 0.03 0.54 China Dec 36.90 27.50 10.00 38.00 0.13 0.00 36.27 Jan 36.90 27.50 10.50 38.50 0.13 0.00 36.27 EU-27+UK 9/ Dec 0.34 1.53 0.61 0.66 1.58 0.03 0.21 Jan 0.34 1.68 0.61 0.66 1.63 0.03 0.31 Turkey Dec 2.77 2.80 4.40 7.00 0.45 0.00 2.52 Jan 2.77 2.90 4.50 7.20 0.45 0.00 2.52 Pakistan Dec 3.39 4.50 4.70 10.00 0.05 0.03 2.52 Jan 3.39 4.30 4.90 10.00 0.05 0.03 2.52 Indonesia Dec 0.64 3/ 2.80 2.90 0.00 0.00 0.54 Jan 0.64 3/ 2.60 2.70 0.00 0.00 0.54 Thailand Dec 0.10 3/ 0.73 0.70 0.00 0.03 0.11 Jan 0.10 3/ 0.68 0.65 0.00 0.03 0.11 Bangladesh Dec 2.42 0.15 6.90 7.30 0.00 0.01 2.15 Jan 2.52 0.15 6.90 7.30 0.00 0.01 2.25 Vietnam Dec 1.41 3/ 6.80 6.80 0.00 0.00 1.41 Jan 1.41 3/ 6.70 6.70 0.00 0.00 1.41 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on suppl y less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso , Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. January 2021 WASDE - 608 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 98.91 361.04 145.47 298.06 343.79 148.83 112.80 World Less China 75.84 345.07 62.93 213.06 241.79 148.71 93.34 United States 11.92 120.52 0.38 56.94 60.40 47.68 24.74 Total Foreign 86.99 240.52 145.09 241.13 283.39 101.15 88.06 Major Exporters 3/ 56.95 186.34 6.56 86.79 96.53 91.64 61.69 Argentina 23.73 55.30 6.41 40.57 47.45 9.10 28.89 Brazil 32.70 119.70 0.14 42.53 45.18 74.89 32.47 Paraguay 0.51 8.51 0.01 3.62 3.82 4.90 0.32 Major Importers 4/ 25.67 19.84 115.02 113.03 138.08 0.32 22.14 China 23.06 15.97 82.54 85.00 102.00 0.12 19.46 EU-27+UK 1.40 2.67 14.99 15.60 17.26 0.18 1.61 Southeast Asia 0.84 0.66 8.31 3.81 9.08 0.02 0.71 Mexico 0.17 0.34 5.87 6.15 6.20 0.00 0.18 2019/20 Est. Beginning Stocks Production Imports Domes tic C rus h Domes tic Tota l Exports Ending Stocks World 2/ 112.80 336.47 165.41 309.37 354.56 164.73 95.39 World Less China 93.34 318.37 66.88 217.87 245.36 164.64 68.59 United States 24.74 96.67 0.42 58.91 61.77 45.78 14.28 Total Foreign 88.06 239.81 164.99 250.46 292.79 118.95 81.11 Major Exporters 3/ 61.69 186.69 5.46 86.54 96.13 110.22 47.49 Argentina 28.89 48.80 4.88 38.76 45.80 9.97 26.80 Brazil 32.47 126.00 0.55 44.25 46.50 92.13 20.40 Paraguay 0.32 9.90 0.02 3.45 3.75 6.20 0.29 Major Importers 4/ 22.14 21.77 132.86 121.01 146.90 0.29 29.57 China 19.46 18.10 98.53 91.50 109.20 0.09 26.80 EU-27+UK 1.61 2.62 15.66 16.35 18.06 0.19 1.64 Southeast Asia 0.71 0.61 9.34 4.50 9.85 0.02 0.79 Mexico 0.18 0.24 6.00 6.20 6.25 0.00 0.16 2020/21 Proj. Beginning Stocks Production Imports Domes tic C rus h Domes tic Tota l Exports Ending Stocks World 2/ Dec 95.46 362.05 166.33 321.64 369.72 168.48 85.64 Jan 95.39 361.00 166.84 321.81 369.82 169.10 84.31 World Less China Dec 68.66 344.55 66.33 222.64 252.32 168.38 58.84 Jan 68.59 341.40 66.84 222.81 252.12 169.00 55.72 United States Dec 14.25 113.50 0.41 59.74 63.51 59.87 4.76 Jan 14.28 112.55 0.95 59.87 63.29 60.69 3.80 Total Foreign Dec 81.21 248.56 165.92 261.90 306.21 108.60 80.88 Jan 81.11 248.46 165.89 261.93 306.53 108.41 80.52 Major Exporters 3/ Dec 47.49 195.65 4.41 88.38 98.48 100.63 48.44 Jan 47.49 193.45 4.41 88.38 98.48 100.43 46.44 Argentina Dec 26.80 50.00 4.00 39.00 46.20 7.00 27.60 Jan 26.80 48.00 4.00 39.00 46.20 7.00 25.60 Brazil Dec 20.40 133.00 0.40 45.50 48.10 85.00 20.70 Jan 20.40 133.00 0.40 45.50 48.10 85.00 20.70 Paraguay Dec 0.29 10.25 0.01 3.80 4.10 6.30 0.14 Jan 0.29 10.25 0.01 3.80 4.10 6.30 0.14 Major Importers 4/ Dec 29.60 21.29 134.79 129.44 156.30 0.38 29.01 Jan 29.57 23.39 134.79 129.49 156.65 0.38 30.72 China Dec 26.80 17.50 100.00 99.00 117.40 0.10 26.80 Jan 26.80 19.60 100.00 99.00 117.70 0.10 28.60 EU-27+UK Dec 1.64 2.70 15.40 16.80 18.51 0.25 0.98 Jan 1.64 2.70 15.40 16.85 18.56 0.25 0.93 Southeast Asia Dec 0.80 0.60 9.78 4.72 10.27 0.03 0.88 Jan 0.79 0.60 9.78 4.72 10.27 0.03 0.87 Mexico Dec 0.16 0.26 6.20 6.40 6.47 0.00 0.14 Jan 0.16 0.26 6.20 6.40 6.47 0.00 0.14 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, EU -27+UK, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to rounding. January 2021 WASDE - 608 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 14.20 233.62 62.82 230.06 67.73 12.84 World Less China 14.20 166.30 62.80 163.66 66.80 12.84 United States 0.50 44.28 0.62 32.85 12.19 0.37 Total Foreign 13.70 189.34 62.20 197.21 55.54 12.48 Major Exporters 3/ 6.99 71.84 0.10 26.05 47.11 5.76 Argentina 2.48 31.20 0.03 3.13 28.83 1.74 Brazil 4.30 32.96 0.02 17.65 16.09 3.54 India 0.22 7.68 0.05 5.28 2.19 0.48 Major Importers 4/ 1.88 22.02 38.90 60.16 0.59 2.06 EU-27+UK 0.33 12.32 18.76 30.34 0.37 0.69 Mexico 0.17 4.86 1.89 6.65 0.01 0.26 Southeast Asia 5/ 1.27 2.98 16.66 19.70 0.20 1.01 2019/20 Est. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ 12.84 243.08 62.78 240.96 67.04 10.70 World Less China 12.84 170.61 62.73 169.45 66.03 10.70 United States 0.37 46.36 0.58 34.22 12.77 0.31 Total Foreign 12.48 196.72 62.20 206.74 54.27 10.39 Major Exporters 3/ 5.76 70.87 0.04 26.90 45.72 4.06 Argentina 1.74 29.80 0.00 3.18 27.37 1.00 Brazil 3.54 34.35 0.01 18.00 17.50 2.40 India 0.48 6.72 0.03 5.72 0.85 0.66 Major Importers 4/ 2.06 23.19 38.65 61.85 0.58 1.47 EU-27+UK 0.69 12.92 17.62 30.74 0.36 0.12 Mexico 0.26 4.90 1.84 6.90 0.01 0.10 Southeast Asia 5/ 1.01 3.51 17.34 20.62 0.21 1.03 2020/21 Proj. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ Dec 10.61 252.85 62.84 251.05 66.15 9.10 Jan 10.70 252.79 62.81 250.96 65.97 9.37 World Less China Dec 10.61 174.44 62.83 173.63 65.15 9.10 Jan 10.70 174.38 62.80 173.53 64.97 9.37 United States Dec 0.31 46.91 0.54 34.75 12.70 0.32 Jan 0.31 47.14 0.54 34.75 12.93 0.32 Total Foreign Dec 10.30 205.94 62.30 216.30 53.45 8.78 Jan 10.39 205.65 62.27 216.21 53.04 9.05 Major Exporters 3/ Dec 4.05 72.83 0.06 27.84 45.37 3.73 Jan 4.06 72.83 0.06 27.84 44.97 4.13 Argentina Dec 1.00 29.95 0.00 3.25 26.70 1.00 Jan 1.00 29.95 0.00 3.25 26.30 1.40 Brazil Dec 2.40 35.28 0.02 18.50 16.80 2.39 Jan 2.40 35.28 0.02 18.50 16.80 2.39 India Dec 0.66 7.60 0.04 6.09 1.87 0.34 Jan 0.66 7.60 0.04 6.09 1.87 0.34 Major Importers 4/ Dec 1.34 23.92 38.98 62.40 0.53 1.31 Jan 1.47 23.96 38.98 62.44 0.53 1.43 EU-27+UK Dec 0.12 13.27 18.05 31.04 0.30 0.10 Jan 0.12 13.31 18.05 31.07 0.30 0.11 Mexico Dec 0.10 5.06 1.93 6.98 0.01 0.10 Jan 0.10 5.06 1.93 6.98 0.01 0.10 Southeast Asia 5/ Dec 1.04 3.69 17.30 20.79 0.22 1.02 Jan 1.03 3.69 17.30 20.79 0.22 1.01 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ EU -27+UK, Southeast Asia, and Japan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. January 2021 WASDE - 608 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2018/19 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 3.91 55.82 10.66 55.13 11.18 4.09 World Less China 3.35 40.59 9.88 39.24 10.98 3.59 United States 0.91 10.98 0.18 10.38 0.88 0.81 Total Foreign 3.01 44.85 10.48 44.75 10.30 3.29 Major Exporters 3/ 0.81 19.74 0.45 12.28 7.79 0.93 Argentina 0.27 7.91 0.00 2.62 5.27 0.29 Brazil 0.37 8.18 0.02 7.17 1.08 0.33 EU-27+UK 0.15 2.96 0.42 2.46 0.79 0.29 Major Importers 4/ 1.06 18.05 6.58 24.18 0.25 1.26 China 0.57 15.23 0.78 15.89 0.20 0.50 India 0.17 1.73 3.00 4.75 0.01 0.14 North Africa 5/ 0.22 0.76 1.81 2.38 0.04 0.37 2019/20 Est. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ 4.09 57.93 11.37 56.68 11.93 4.79 World Less China 3.59 41.53 10.37 39.58 11.77 4.14 United States 0.81 11.30 0.15 10.12 1.29 0.84 Total Foreign 3.29 46.63 11.23 46.55 10.64 3.96 Major Exporters 3/ 0.93 19.94 0.56 12.14 7.97 1.31 Argentina 0.29 7.67 0.00 2.18 5.40 0.39 Brazil 0.33 8.50 0.07 7.39 1.16 0.35 EU-27+UK 0.29 3.11 0.49 2.54 0.77 0.57 Major Importers 4/ 1.26 19.48 7.19 25.94 0.26 1.72 China 0.50 16.40 1.00 17.09 0.16 0.65 India 0.14 1.51 3.61 5.10 0.02 0.15 North Africa 5/ 0.37 1.10 1.89 2.50 0.09 0.77 2020/21 Proj. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ Dec 4.84 60.27 11.18 59.48 12.00 4.81 Jan 4.79 60.31 11.18 59.56 12.00 4.72 World Less China Dec 4.19 42.52 10.08 40.79 11.85 4.16 Jan 4.14 42.57 10.08 40.87 11.85 4.07 United States Dec 0.84 11.54 0.16 10.43 1.25 0.86 Jan 0.84 11.60 0.16 10.52 1.25 0.82 Total Foreign Dec 4.01 48.73 11.02 49.05 10.75 3.95 Jan 3.96 48.71 11.02 49.04 10.76 3.90 Major Exporters 3/ Dec 1.31 20.38 0.59 12.48 8.31 1.49 Jan 1.31 20.39 0.59 12.48 8.31 1.50 Argentina Dec 0.39 7.72 0.00 2.10 5.65 0.35 Jan 0.39 7.72 0.00 2.10 5.65 0.35 Brazil Dec 0.35 8.75 0.17 7.70 1.15 0.42 Jan 0.35 8.75 0.17 7.70 1.15 0.42 EU-27+UK Dec 0.57 3.19 0.42 2.64 0.83 0.71 Jan 0.57 3.20 0.42 2.64 0.83 0.72 Major Importers 4/ Dec 1.79 21.08 6.86 27.78 0.31 1.64 Jan 1.72 21.08 6.86 27.77 0.32 1.57 China Dec 0.65 17.74 1.10 18.69 0.15 0.65 Jan 0.65 17.74 1.10 18.69 0.15 0.65 India Dec 0.15 1.71 3.40 5.15 0.01 0.10 Jan 0.15 1.71 3.40 5.15 0.01 0.10 North Africa 5/ Dec 0.84 1.07 1.61 2.61 0.16 0.75 Jan 0.77 1.07 1.61 2.60 0.16 0.69 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and EU -27+UK. 4/ China, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. January 2021 WASDE - 608 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2019 Annual 27,155 27,638 55,015 43,905 5,818 50,251 105,266 9,447 218.4 2020 I 6,929 7,426 14,407 11,237 1,469 12,841 27,248 2,349 56.1 II 6,054 6,311 12,417 10,940 1,369 12,446 24,863 2,249 56.0 III 7,110 7,049 14,208 11,358 1,454 12,958 27,167 2,300 55.3 IV 7,065 7,510 14,624 11,015 1,420 12,563 27,187 2,360 55.4 Annual Dec Proj. 27,238 28,336 55,777 44,560 5,722 50,830 106,607 9,258 222.7 Jan Est. 27,158 28,296 55,656 44,550 5,712 50,808 106,464 9,258 222.9 2021 I* 6,855 7,300 14,206 10,940 1,415 12,485 26,691 2,300 56.5 II* 6,760 6,705 13,517 11,130 1,420 12,685 26,202 2,300 57.9 III* 6,825 7,050 13,926 11,495 1,435 13,075 27,001 2,360 56.3 IV* 6,750 7,510 14,314 11,305 1,455 12,890 27,204 2,410 56.0 Annual Dec Proj. 27,260 28,510 55,978 45,045 5,755 51,350 107,328 9,400 226.3 Jan Proj. 27,190 28,565 55,963 44,870 5,725 51,135 107,098 9,370 226.7 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2019 Annual 116.78 47.95 88.6 89.2 94.0 18.63 2020 I 118.32 42.52 83.5 97.4 133.1 18.83 II 105.79 38.96 67.0 103.7 119.6 15.37 III 101.74 40.50 66.7 111.3 89.0 19.07 IV 108.18 50.75 75.7 113.6 107.2 20.00 Annual Dec Proj. 108.46 43.25 73.5 105.9 111.7 18.25 Jan Est. 108.51 43.18 73.2 106.5 112.2 18.30 2021 I* 113.00 50.00 81.0 104.0 104.0 17.60 II* 113.00 53.00 86.0 106.0 98.0 17.15 III* 115.00 50.00 79.0 108.0 107.0 17.40 IV* 120.00 45.00 78.0 111.0 121.0 18.40 Annual Dec Proj. 115 47 80 106 106 16.60 Jan Proj. 115.5 49.5 81.0 107.5 107.5 17.65 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8 -16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. January 2021 WASDE - 608 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2019 662 27,224 3,058 30,944 3,026 642 27,276 58.1 2020 Est. Dec 642 27,307 3,410 31,359 2,905 655 27,799 58.9 Jan 642 27,227 3,375 31,244 2,935 690 27,619 58.6 2021 Proj. Dec 655 27,329 3,135 31,119 3,080 650 27,389 57.8 Jan 690 27,259 3,115 31,064 3,090 650 27,324 57.6 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2019 559 27,652 945 29,156 6,321 646 22,188 52.4 2020 Est. Dec 646 28,350 897 29,894 7,324 475 22,095 51.9 Jan 646 28,310 912 29,869 7,314 460 22,095 51.9 2021 Proj. Dec 475 28,524 945 29,944 7,350 530 22,064 51.6 Jan 460 28,579 945 29,984 7,175 530 22,279 52.1 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2019 1,266 55,108 4,275 60,649 9,353 1,330 49,966 111.9 2020 Est. Dec 1,330 55,870 4,600 61,800 10,250 1,170 50,381 112.2 Jan 1,330 55,749 4,590 61,669 10,268 1,187 50,215 111.8 2021 Proj. Dec 1,170 56,071 4,355 61,596 10,439 1,218 49,939 110.7 Jan 1,187 56,056 4,345 61,588 10,274 1,218 50,096 111.1 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2019 845 43,435 131 44,411 7,103 937 36,371 95.1 2020 Est. Dec 937 44,083 148 45,168 7,359 890 36,919 96.1 Jan 937 44,073 145 45,155 7,399 835 36,921 96.1 2021 Proj. Dec 890 44,563 140 45,593 7,390 905 37,298 96.6 Jan 835 44,390 140 45,365 7,390 885 37,090 96.0 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2019 303 5,818 12 6,133 639 233 5,261 16.0 2020 Est. Dec 233 5,722 21 5,976 578 225 5,173 15.7 Jan 233 5,712 21 5,966 573 225 5,168 15.7 2021 Proj. Dec 225 5,755 21 6,001 590 230 5,181 15.6 Jan 225 5,725 21 5,971 590 230 5,151 15.5 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2019 1,153 49,781 146 51,080 7,824 1,175 42,081 112.5 2020 Est. Dec 1,175 50,353 171 51,698 8,011 1,122 42,566 113.2 Jan 1,175 50,331 168 51,673 8,048 1,065 42,561 113.1 2021 Proj. Dec 1,122 50,867 164 52,153 8,056 1,140 42,957 113.6 Jan 1,065 50,654 164 51,883 8,056 1,120 42,707 112.9 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2019 2,419 104,889 4,421 111,728 17,177 2,504 92,047 224.4 2020 Est. Dec 2,504 106,223 4,771 113,498 18,261 2,292 92,946 225.3 Jan 2,504 106,080 4,758 113,342 18,316 2,252 92,775 225.0 2021 Proj. Dec 2,292 106,939 4,519 113,749 18,495 2,358 92,896 224.3 Jan 2,252 106,710 4,509 113,471 18,330 2,338 92,803 224.0 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready- to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. January 2021 WASDE - 608 - 33 U.S. Egg Supply and Use Commodity 2018 2019 2020 Proj. 2020 Est. 2021 Proj. 2021 Proj. Dec Jan Dec Jan Eggs Million Dozen Supply Beginning Stocks 23.4 22.7 31.6 31.6 29.0 26.0 Production 9,205.0 9,447.5 9,258.0 9,258.0 9,400.0 9,370.0 Imports 17.8 14.6 15.2 15.7 16.0 16.0 Total Supply 9,246.2 9,484.8 9,304.8 9,305.3 9,445.0 9,412.0 Use Exports 333.2 333.9 343.6 338.6 335.0 335.0 Hatching Use 1,057.5 1,081.2 1,072.9 1,075.9 1,080.0 1,080.0 Ending Stocks 22.7 31.6 29.0 26.0 30.0 27.0 Disappearance Total 7,832.9 8,038.1 7,859.3 7,864.8 8,000.0 7,970.0 Per Capita (number) 287.5 293.6 285.7 285.9 289.3 288.2 Tota l U.S. Milk Supply and Use Commodity 2018 2019 2020 Proj. 2020 Est. 2021 Proj. 2021 Proj. Dec Jan Dec Jan Milk Billion Pounds Production 217.6 218.4 222.7 222.9 226.3 226.7 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 13.4 13.8 13.6 13.6 14.5 15.2 Marketings 216.6 217.4 221.7 221.9 225.3 225.7 Imports 6.3 6.9 6.9 6.8 6.8 6.6 Total Cml. Supply 236.2 238.1 242.2 242.3 246.6 247.5 Fat Basis Use Commercial Exports 10.4 9.1 9.2 9.2 9.6 9.7 Ending Commercial Stocks 13.8 13.6 14.5 15.2 14.5 15.2 CCC Donations 0.0 0.2 0.3 0.3 0.0 0.0 Domestic Commercial Use 212.1 215.2 218.2 217.7 222.5 222.6 Skim -solid Basis Supply Beg. Commercial Stocks 11.8 10.7 10.2 10.2 10.4 10.3 Marketings 216.6 217.4 221.7 221.9 225.3 225.7 Imports 5.5 5.8 5.6 5.6 5.6 5.5 Total Cml. Supply 233.8 233.9 237.5 237.6 241.2 241.5 Skim -solid Basis Use Commercial Exports 44.6 41.5 47.6 47.3 48.7 48.7 Ending Commercial Stocks 10.7 10.2 10.4 10.3 10.2 10.3 CCC Donations 0.0 0.2 0.1 0.1 0.0 0.0 Domestic Commercial Use 178.5 181.9 179.4 179.9 182.3 182.4 Tota l CCC Donations include purchases made through the USDA Trade Mitigation program. They do not include products purchased under other programs. Dairy domestic commercial use for 2020 includes additional milk marketed but not processed. Note: Totals may not add due to rounding. January 2021 WASDE - 608 - 34 U.S. Dairy Prices Commodity 2018 2019 2020 Proj. 2020 Est. 2021 Proj. 2021 Proj. Dec Jan Dec Jan Product Prices 1/ Dollars Per Pound Cheese 1.5377 1.7586 1.925 1.9236 1.635 1.740 Butter 2.2572 2.2431 1.580 1.5808 1.570 1.605 Nonfat Dry Milk 0.7945 1.0419 1.040 1.0417 1.065 1.100 Dry Whey 0.3422 0.3799 0.360 0.3621 0.405 0.450 Filler Dollars Per Cwt Milk Prices 2/ Class III 14.61 16.96 18.20 18.16 15.60 16.90 Class IV 14.23 16.30 13.45 13.49 13.60 14.10 All Milk 3/ 16.27 18.63 18.25 18.30 16.60 17.65 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated pla nts for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . January 2021 WASDE - 608 - 35 Reliability of January Projections 1/ Note: Tables on pages 35 -37 present a record of the January projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below t he final estimate by more than 0.7 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 1.1 percent. The average difference between the January projection and the final estimate is 3 million tons, ranging from 0 mill ion to 8.3 million tons. The January projection has been below the estimate 29 times and above 9 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 0.7 1.1 3.0 0.0 8.3 29 9 U.S. 0.2 0.3 0.1 0.0 0.3 16 11 Foreign 0.8 1.3 3.0 0.1 8.3 28 10 Exports World 5.2 8.9 5.4 0.1 18.4 30 8 U.S. 5.1 8.7 1.4 0.1 3.9 20 18 Foreign 6.3 10.8 5.2 0.3 18.0 32 6 Domestic Use World 1.2 2.0 5.2 0.1 14.7 22 16 U.S. 4.6 7.9 1.1 0.0 3.0 11 26 Foreign 1.2 2.0 5.2 0.6 14.8 24 14 Ending Stocks World 4.9 8.3 6.2 0.2 18.1 27 11 U.S. 8.9 15.1 1.5 0.0 4.6 23 14 Foreign 5.3 9.0 5.3 0.1 16.9 27 11 COARSE GRAINS 2/ Production World 1.4 2.3 11.6 0.0 37.7 28 10 U.S. 0.4 0.7 0.3 0.0 4.6 17 8 Foreign 1.9 3.2 11.5 0.0 37.6 27 11 Exports World 6.5 11.0 6.4 0.2 31.9 28 10 U.S. 11.9 20.2 4.6 0.2 13.3 19 19 Foreign 11.0 18.7 6.3 0.4 26.8 26 12 Domestic Use World 1.1 1.9 8.6 0.0 36.2 21 17 U.S. 3.0 5.1 4.0 0.1 18.8 16 22 Foreign 1.4 2.3 8.6 0.1 36.2 27 11 Ending Stocks World 11.1 18.8 14.8 0.6 136.0 32 6 U.S. 15.1 25.7 5.6 0.0 24.3 20 17 Foreign 14.1 24.0 13.1 0.1 143.4 31 7 RICE, milled Production World 1.6 2.8 4.8 0.0 13.9 31 6 U.S. 1.6 2.8 0.1 0.0 0.3 13 7 Foreign 1.7 2.8 4.8 0.1 13.9 32 6 Exports World 9.0 15.3 1.7 0.0 6.6 28 10 U.S. 7.5 12.8 0.2 0.0 0.6 19 17 Foreign 10.1 17.1 1.7 0.0 6.2 27 11 Domestic Use World 1.3 2.3 3.4 0.0 13.9 27 11 U.S. 7.8 13.2 0.2 0.0 0.5 17 21 Foreign 1.4 2.3 3.4 0.0 13.6 28 10 Ending Stocks World 9.5 16.1 5.1 0.5 26.6 32 6 U.S. 20.4 34.7 0.2 0.0 0.6 20 15 Foreign 9.7 16.4 5.1 0.2 26.5 32 6 1/ Footnotes at end of table. CONTINUED January 2021 WASDE - 608 - 36 Reliability of January Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 3.4 5.8 5.0 0.0 22.4 21 17 U.S. 1.4 2.3 0.6 0.0 2.5 16 17 Foreign 5.7 9.7 5.1 0.2 22.6 21 17 Exports World 6.9 11.7 3.3 0.1 15.5 25 13 U.S. 8.1 13.7 1.9 0.1 6.7 22 16 Foreign 17.4 29.5 3.1 0.0 18.2 19 19 Domestic Use World 2.6 4.4 3.6 0.1 13.0 21 17 U.S. 3.3 5.6 1.2 0.0 3.6 25 13 Foreign 3.2 5.4 3.3 0.2 12.7 22 16 Ending Stocks World 14.5 24.5 4.0 0.1 18.7 21 17 U.S. 41.9 71.2 1.9 0.1 6.6 9 29 Foreign 16.6 28.2 3.8 0.1 17.2 25 13 COTTON Million 480 -Pound Bales Production World 2.6 4.4 2.0 0.0 5.4 25 12 U.S. 1.0 1.7 0.1 0.0 0.3 14 23 Foreign 3.1 5.3 2.0 0.0 5.7 27 10 Exports World 6.4 10.9 1.7 0.1 8.8 21 17 U.S. 11.1 18.9 0.8 0.0 2.7 24 14 Foreign 8.0 13.6 1.3 0.0 8.1 22 16 Domestic Use World 3.9 6.6 2.5 0.3 18.2 20 18 U.S. 8.4 14.3 0.3 0.0 0.9 20 17 Foreign 3.9 6.6 2.4 0.4 17.3 21 17 Ending Stocks World 10.4 17.7 4.3 0.1 20.0 24 14 U.S. 25.0 42.4 0.9 0.2 2.4 11 27 Foreign 11.1 18.8 4.0 0.2 18.2 26 12 1/ Marketing years 1981/82 through 2019/20 for grains, soybeans (U.S. only), and cotton. There was no WASDE published in January 2019, due to a partial government shutdown, no 2018/19 forecasts were published for that month. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2018/19, and for 2019/20 the last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. January 2021 WASDE - 608 - 37 Reliability of United States January Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 0.4 0.7 12 0 148 4 3 Exports 12.5 21.2 166 3 513 18 20 Domestic Use 3.0 5.0 143 6 574 17 21 Ending Stocks 16.9 28.7 223 1 986 21 17 SORGHUM Production 1.0 1.7 2 0 53 1 3 Exports 17.4 29.5 30 0 97 25 11 Domestic Use 18.9 32.1 36 1 148 18 20 Ending Stocks 45.4 77.0 24 1 98 13 25 BARLEY Production 0.8 1.3 1 0 11 17 4 Exports 23.3 39.6 7 0 37 13 22 Domestic Use 7.1 12.1 15 0 70 14 21 Ending Stocks 12.8 21.7 11 1 52 24 14 OATS Production 0.3 0.6 0 0 2 4 4 Exports 65.2 110.7 1 0 7 8 10 Domestic Use 5.1 8.7 11 1 39 17 21 Ending Stocks 17.6 29.9 12 1 47 23 15 SOYBEAN MEAL Thousand Short Tons Production 3.3 5.6 947 15 3,117 25 13 Exports 10.3 17.5 677 1 2,626 28 10 Domestic Use 2.8 4.8 646 34 2,066 20 18 Ending Stocks 34.7 58.8 67 0 253 15 21 SOYBEAN OIL Million Pounds Production 3.2 5.4 433 7 1,418 27 11 Exports 24.2 41.0 318 0 1,325 22 14 Domestic Use 3.5 6.0 444 25 1,628 24 14 Ending Stocks 20.6 34.9 297 25 1,206 25 13 ANIMAL PROD. Million Pounds Beef 3.4 5.8 708 9 2,111 24 13 Pork 3.1 5.2 404 5 1,717 19 18 Broilers 1.7 2.9 389 24 1,011 23 14 Turkeys 2.9 5.0 124 2 407 18 19 Million Dozen Eggs 1.9 3.3 109 4 525 23 14 Billion Pounds Milk 1.5 2.5 1.8 0.0 5.7 20 16 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2019/20 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2019/20. Calendar years 1982 through 2019 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2019. There was no WASDE published in January 2019, due to a partial government shutdown, so no 2018/19 forecasts were published in that month for grains, soybeans, and cotton, and no 2018 forecasts were published in that month for animal products. WASDE- 608-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Dema nd Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. I PAD is located at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 Register at https://www.usda.gov/oce/ag-outlook-forumThursday, February 18 Friday, February 19 8:30 - 9:45 a.m.Morning Session – Chuck Conner (National Council of Farmer Cooperatives), Zippy Duvall (American Farm Bureau Federation), Krysta Harden (U.S. Dairy Export Council) and Rob Larew (National Farmers Union) Q&A moderated by Sara Wyant) 9:45 - 10:00 a.m. Break Concurrent Sessions Commodity OutlookInnovation and Tec hnologySupply Chain ResilienceManaging Risk & Ensuring SustainabilityCommodity Outlooks 10:00 - 11:30 a.m. Grains and Oilseeds OutlookPrecision Agriculture: Profitability and Resource Stewar dshipEnsuring Food Safety Through Science, Data and Behavior ChangeOrganic Outlook: Overview of Current Trends and Recent DevelopmentsSugar Outlook Guest industry speaker 11:30 – 12:15 11:30 - 1:00 p.m. 1:00 - 2:30 p.m. Cotton OutlookConnectivity in Rural AmericaFood Loss and Waste in the time of COVID-19Wildfire and Agriculture – Interactions and ImplicationsLivestock & Poultry Outlook 2:30 - 3:00 p.m. Break 3:00 - 4:30 p.m. Dairy OutlookWater Quantity, Quality, and Cost: A Look at Water Science and PolicyAmerican Agriculture, Nutrition & Community ConnectionIssues in Pest Management: Citrus GreeningFostering Minority and Underserved Youth Interest in Agriculture and Natural Resources ADJOURN8:00 a.m. Welcome 8:10 a.m. 2021 Agricultural Economic & Foreign Trade Outlook – Chief Economist Seth Meyer 8:45 a.m. Keynote Address by Secretary of Agriculture and Congressional Leaders 10:15 a.m. Break 10:30 - 11:30 a.m. Discussion on Genetic Literacy 12:00 p.m. Lunchtime Address by David Beasley, Executive Director – World Food Programme Concurrent Sessions Food Price & Farm Income OutlooksU.S. Trade & The Global Market PlaceSupply Chain ResilienceManaging Risk & Ensuring SustainabilityInnovation and Productivity 1:30 - 3:00 p.m. Food Price Outlook Current and Forecasted TrendsU.S. Trade Agenda: Ag Trade Priorities and New InitiativesAdapting to the COVID 19-Crisis: Resilience from Farmer to SuppliersAfrican Swine Fe ver Global Disruption USDA Response & InitiativesInnovation in Agriculture Challenges and Opportunities 3:00 - 3:30 p.m. Break 3:30 - 5:00 p.m.The State of the Farm Economy: Outlook f or Farm Sector Income and Agricultural Credit ConditionsChina: Trends and Driving Forces of a Dynamic Agricultural MarketResilience through Innovation: Local & Regional Food Systems Response to Covid-19Challenges to Livestock Market TransparencyControlled Environment Agriculture Innovation on Earth and Beyond2021 Agricultural Outlook Forum Building on Innovation: A Pathway to Resilience 11:30 a.m. - 12:45 p.m. Data Visualization at USDA 11:30 a.m. - 12:30 p.m. ......USDA Customer Service Flexibilities During Disasters 12:00 - 12:45 p.m. ..............Specialty Crops: Blazing a Unique Path for Specialty Crops 12:00 - 12:45 p.m. ..............Venture Capital, Innovation, and Sustainability in Agriculture For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ To subscribe to receive WASDE -related notifications by email or text message visit https://public.govdelivery.com/accounts/USDAOC/subscriber/new?topic_id=USDAOC_223 . Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at 202 -720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE -608 – January 12, 2021 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202 - 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250 -9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 574 Approved by the World Agricultura l Outlook Board February 8, 2018 WHEAT: Projected 2017/18 U.S. ending stocks are raised this month by 20 million bushels as higher food use is more than offset by lower exports, while export forecasts for several major competitors are increased. Estimated food use is increased by 5 million bushels to 955 million, based on the NASS Flour Milling Products report, which indicated higher -than- expected use in the first half of 2017/18. Additionally, implied flour extraction rates were lower in the second quarter, as compared to last year, and a continuation of this trend is expected to support increased wheat for food usage into the second half of 2017/18. No other supply or use categories are changed this month. Based on NASS prices reported to date and price expectations for the rest of the marketing year, the projected season -average farm price (SAFP) remains unchanged at the midpoint of $4.60 per bushel. However, the projected SAFP range is narrowed by 5 cents at both ends of the range to $4.55 to $4.65. Global 2017/18 wheat supplies increased, primarily on higher production forecas ts for Argentina and Ukraine. Argentina’ s wheat production increased by 500,000 tons to 18.0 million based on higher -than-expected yields from the later harvest stages. Ukraine wheat production increased 481,000 tons to 27.0 million based on updated government data. World 2017/18 trade is raised this month as higher exports from Russia, Argentina, and Canada more than offset reduced exports from the EU and the United States. Projected imports are increased for Indonesia and several African countries while reduced for India, the EU, Iran, Brazil, and Mexico. Indonesia’ s imports are raised 1.0 million tons to 12.5 million on incr eases for both food and feed use. Indonesia is now the leading global wheat importer, surpassing Egypt, the traditional leader. Total world consumption is projected 3.1 million tons higher, primarily on greater usage from Indonesia and China. Projected global ending stocks are 1.9 million tons lower this month at 266.1 million but remain significantly higher than a year ago. COARSE GRAINS: This month’s 2017/18 U.S. corn outlook is for increased exports and reduced stocks. Exports are raised 125 million bushels, reflecting U.S. price competitiveness and reduced exports for Argentina and Ukraine. With no other use changes, U.S. corn ending stocks are lowered 125 million bushels from last month. The season -average corn price received by producers is projected at $3.30 per bushel, up 5 cents at the midpoint. The U.S. sorghum supply, use, and midpoint price forecasts are unchanged relative to last month. WASDE- 574-2 Global coarse grain production for 2017/18 is projected 2.3 million tons lower to 1,321. 9 million. This month’s foreign coarse grain outlook is for lower production, greater consumption, and lower stocks relative to last month. Global corn production is lowered 2.8 million tons largely reflecting reductions for Argentina and Ukraine. For Ar gentina, persistent heat and dryness during January and early February reduce d yield prospects for early -planted corn in key central growing areas. Production is lowered for Ukraine based on the latest official statistics. Small increases for Moldova, Mexico, Bangladesh, and Thailand are partly offsetting. Barley production is raised for Argentina. Mexico sorghum production is increased. Major global trade changes for 2017/18 include higher projected corn exports for the United States and Brazil, with reductions for Argentina and Ukraine. Corn imports are raised for Turkey, the EU, and Brazil. Foreign corn ending stocks are down from last month, mostly reflecting reductions for Argentina and Ukraine that more than offset increases for Mexico, Brazil, and Turkey. Global corn ending stocks, at 203.1 million tons, are down 3.5 million from last month. RICE : The U.S. 2017/18 rice supply and demand estimates are unchanged this month. The projected season -average farm price for all rice is lowered 10 cents at the midpoint of the range. The reduction is primarily attributed to lower -than-expected long -grain prices reported by NASS. Global 2017/18 rice supplies are lowered 1.3 million tons on reduced beginning stocks and lower production. Total world production is only down fractionally primarily on a smaller Bangladesh crop. Exports are up 1.0 million tons to a record 46.8 million. Export changes are led by a 0.5- million -ton increase for India and a 0.3 -million -ton increase for Burma. Imports are raised 0.8 million tons for Bangladesh and 0.5 million for Indonesia. Total global use is raised 0.6 million tons for 2016/17 but reduced 1.0 million for 2017/18. For the 2017/18 marketing year, consumption is lowered 0.2 million tons each for Bangladesh, Burma, and India, while it is raised 0.3 million for China. Ending stocks are down 0.3 million tons but remain the highest since 2000/01. OILSEEDS: This month’ s 2017/18 U.S. soybean outlook is for reduced exports and increased ending stocks. Soybean exports for 2017/18 are projected at 2,100 million bushels, down 60 million from last month , reflecting shipments and sales through January and increased export competition on larger supplies in Brazil. With soybean crush unchanged, soybean ending stocks are raised 60 million bushels to 530 million. The U.S. season- average soybean price range for 2017/18 is projected at $8.90 to $9.70 per bushel, unchanged at the midpoint. Soybean oil prices are forecast at 31 to 34 cents per pound, down 1 cent at the midpoint. Soybean meal prices are projected at $305 to $335 per short ton, up $5 at the midpoint. Global oilseed production for 2017/18 is projected at 578.6 million tons, down 1.5 million with lower soybean production partly offset by higher cottonseed. Soybean production is reduced 1.7 million tons to 346.9 million. Soybean production for Brazil is projected at 112.0 million tons, up 2.0 million, as favorable weather throughout the growing season WASDE- 574-3 has raised yield prospects. Argentina production is reduced 2.0 million tons to 54.0 million on lower harvested area and reduced yields resulting from periods of unseasonable warmth and dryness. Soybean production is also reduced for several other countries including Paraguay, Bolivia, India, Ukraine, and South Africa. Other changes include reduced sunflowerseed production for South Africa, increased cottonseed production for China, and lower cottonseed production for India. Global oilseed crush for 2017/18 is projected at 487.5 million tons, down 1.0 million. Reduced soybean crush for Argentina and India accounts for most of the change. Global oilseed stocks are projected lower with reduced soybean stocks for Argentina, Bolivia, Paraguay, and India more than offsetting an increase for the United States. SUGAR : Total sugar supply for 2017/18 is decreased by 57,469 short tons, raw value (STRV). Cane sugar production for 2017/1 8 is reduced 44,356 STRV to 4.011 million. Based on industry reporting, processing in Louisiana continued later than usual into late January, and production for the crop year totaled 1.859 million STRV, up 38,644 from last month. This gain is more than offset by a processor -forecast reduction in Florida cane sugar production of 83,000 STRV. Beet sugar production is reduced by 37,800 STRV to 5.219 million. Although the sucrose recovery from sliced sugarbeets in December , as reported in Sweetener Market Data (SMD) , is down significantly from the previous month, most of the reduction is expected to be made up based on processor-s ourced information. Increased beginning stocks of 24,687 STRV offset some of the reduced production, as 2016/17 imported sugar originally recorded as a direct consumption import was revised in SMD as raw sugar imported by a refiner. Deliveries for human consumption for 2017/18 are reduced by 75,000 STRV to 12.325 million, based on a slower than expected pace in the fourth quarter of 2017. The residually determined change in projected ending stocks for 2017/18 is 1.842 million STRV, up 17,531. The ending st ocks- to-use ratio is 14.6 percent, up from 14.4 percent last month. In Mexico, deliveries for human consumption are reduced by 86,626 metric tons (MT) to offset an increase in high fructose corn syrup (HFCS) consumption, as per capita sweetener consumption in Mexico remains equal to the level of last year. The HFCS increase is based on a higher pace- to-date in the fourth quarter of 2017 and expected to continue for the rest of the marketing year, albeit at a slower pace. Stocks are projected at 22.0 percent of consumption to meet needs before the start of production in 2018/19, implying a reduction of 19,058 MT. Exports to non- U.S. destinations are residually projected at 276,981 MT, an increase of 105,683 over last month. LIVESTOCK, POULTRY, AND DAIRY : The 2018 forecast for total red meat and poultry production is raised from last month, as higher forecast broiler production more than offsets lower beef, pork, and turkey production. The beef production forecast is reduced from the previous month, as expected lower second- half beef production more than offsets higher first -half beef production. NASS’ s Cattle report, released January 31, estimated the U.S. cattle inventory continued to increase for the fourth consecutive year, but the report also indicated that fewer numbers of cattle were being held outside WASDE- 574-4 feedlots. T he number of cattle placed on feed in the first part of 2018 is expected to be lower, resulting in lower marketings and beef production in the second half of the year. The January NASS Cattle on Feed report showed year -over-year increases in placement numbers in December, implying higher numbers of fed cattle will likely be marketed during the spring quarter. Cattle weights are raised for the first half of 2018 on current weight patterns. Pork production is reduced on the pace of slaughter to date. Broiler production is raised largely on continued growth in bird weights. First -half turkey production is reduced on hatchery data. First -quarter egg production is reduced on a slower laying r ate. Estimates of 2017 meat and egg production are adjusted to reflect December data. For 2018, beef exports are raised as demand from several key trading partners is expected to remain robust; no change is made to the beef import forecast. Pork import and export forecasts are unchanged from last month. First-half broiler export forecasts are raised on expectations of strong demand while turkey exports are reduced on the slow pace of recovery in exports in late- 2017 and lower production in 2018. Lives tock, poultry , and egg trade estimates for 2017 are adjusted to reflect December trade data. Fed- cattle prices for the first half of 2018 are raised from last month on continued demand strength. First -quarter hog and broiler price forecasts are raised from last month on stronger prices to date. The f irst-quarter turkey price is also raised, but the annual forecast remains unchanged. Egg price forecasts are also raised on continued robust demand. The milk production forecast for 2018 is lowered from last month on expectations of slower grow th in milk per cow. The 2018 fat basis export and import forecasts are unchanged from the previous month. On a skim -solids basis, the import forecast is raised slightly while the export forecast is raised on strong global demand for skim milk powder, lactose, and whey products. The 2017 production, trade, and stock estimates are adjusted to reflect December data. Annual product price forecasts for cheese and butter are lowered from the previous month as demand remains relatively weak. No changes are made to the annual prices for NDM and whey. The Class III price is lowered on the cheese price projection while the Class IV price is down on a lower butter price forecast. The all milk price is f orecast is reduced to $15.70 to $16.40 per cwt. COTTON : The 2017/18 U.S. cotton supply and demand forecasts show slightly lower exports and higher ending stocks relative to last month. Production and domestic mill use are unchanged. The export forecast is lowered 300,000 bales to 14.5 million based on a lagging pace of shipments to date. Ending stocks are now estimated at 6.0 million bales, equivalent to 34 percent of total disappearance. The marketing year average price received by producers is projected to average between 67 and 71 cents per pound, unchanged from January ’s range. The 2017/18 world cotton forecasts include slightly higher production, lower consumption, and higher ending stocks. World production is 400,000 bales higher than last month, as WASDE- 574-5 higher estimates for China, Brazil, and South Africa offset lower expectations for India and Australia. Global consumption is forecast 325,000 bales lower, as decreases for India and Thailand offset an increase for Vietnam. World ending stocks are projected 760,000 bales higher as a 1.1- million -bale increase in China’ s projected ending stocks — and higher U.S. stocks —offsets declines for India, Australia, Turkmenistan, Tajikistan, and Vietnam. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Seth D. Meyer , (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY : ROBERT JOHANSSON SECRETARY OF AGRICULTURE DESIGNATE WASDE- 574-6 INTERAGENCY COMMODITY ESTI MATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the m onthly report. Wheat: William Chambers , ICEC Chair, WAOB, E- mail: wchambers @oce.usda.gov Jennifer Bond, ERS; Andrew Sowell, FAS; Pete Riley, FSA . Rice: William Chambers , ICEC Chair, WAOB, E-mail: wchambers @oce.usda.gov Nathan Childs, ERS; Rachel Tr ego, FAS; Sherrie Grimm, FSA. Feed Grains: Michael Jewison , ICEC Chair, WAOB, E-mail: [email protected] Tom Capehart, ERS; Yoonhee Macke , FAS; Thomas Gajnak , FSA . Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail: [email protected] Mark Ash, ER S; Bill George, FAS; Susan Proper, FSA . Cotton: Stephen MacDonald, ICEC Chair, WAOB, E- mail: [email protected] Leslie Meyer, ERS; James Johnson, FAS; Erik Dohlman , FSA . Sugar: Stephen Haley , ICEC Chair, WAOB, E- mail: [email protected] Michae l McConnell, ERS; Ro n Lord, FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Lindsay Kuberka, FAS; Ryan Pfirrmann- Powell , FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Larry Haller, AMS; Sean Ramos, ERS; Claire Mezoughem , FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E- mail: [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Milton Madison, F SA. In 2018, the WASDE report will be released on Mar 8, Apr 10, May 10, Jun 12, Jul 12, Aug 10, Sep 12, Oct 11, Nov 8, and Dec 11. WASDE- 574-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & U se ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Production .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 February 2018 WASDE - 574 - 8 World and U.S Supply an d Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2015/16 2468.53 3061.44 376.64 2434.75 626.69 2016/17 (Est.) 2603.25 3229.94 430.48 2577.42 652.52 filler filler filler filler filler 2017/18 (Proj.) Jan 2565.94 3218.54 415.58 2575.68 642.86 2017/18 (Proj.) Feb 2564.51 3217.04 420.71 2580.11 636.93 filler filler filler filler filler Wheat 2015/16 735.31 953.26 172.84 711.68 241.58 2016/17 (Est.) 750.44 992.01 183.29 739.37 252.64 filler filler filler filler filler 2017/18 (Proj.) Jan 757.01 1009.72 180.85 741.70 268.02 2017/18 (Proj.) Feb 758.25 1010.89 181.69 744.79 266.10 filler filler filler filler filler Coarse Grains 5/ 2015/1 6 1260.26 1507.43 163.46 1254.95 252.48 2016/17 (Est.) 1366.03 1618.52 200.68 1355.87 262.65 filler filler filler filler filler 2017/18 (Proj.) Jan 1324.22 1586.00 188.91 1352.23 233.77 2017/18 (Proj.) Feb 1321.94 1584.58 192.18 1354.54 230.04 filler filler filler filler filler Rice, milled 2015/16 472.96 600.75 40.34 468.11 132.63 2016/17 (Est.) 486.78 619.42 46.51 482.17 137.24 filler filler filler filler filler 2017/18 (Proj.) Jan 484.71 622.82 45.82 481.75 141.08 2017/1 8 (Proj.) Feb 484.33 621.57 46.84 480.78 140.79 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2015/16 429.26 506.00 81.75 348.12 76.14 2016/17 (Est.) 472.56 556.09 96.92 363.41 95.76 filler filler filler filler filler 2017/18 (Proj.) Jan 437.29 541.63 85.36 363.10 93.17 2017/18 (Proj.) Feb 437.29 541.63 87.85 363.24 90.54 filler filler filler filler filler Wheat 2015/16 56.12 79.66 21.17 31.94 26.55 2016/17 (Est.) 62.83 92.60 28.72 31.75 32.13 filler filler filler filler filler 2017/18 (Proj.) Jan 47.37 83.72 26.54 30.26 26.92 2017/18 (Proj.) Feb 47.37 83.72 25.86 30.40 27.47 filler filler filler filler filler Coarse Grains 5/ 2015/16 367.01 417.89 57.18 312.60 48.11 2016/17 (Est.) 402.61 454.15 64.50 327.48 62.17 filler filler filler filler filler 2017/18 (Proj.) Jan 384.26 450.00 55.65 329.03 65.33 2017/18 (Proj.) Feb 384.26 450.00 58.82 329.03 62.15 filler filler filler filler filler Rice, milled 2015/16 6.13 8.45 3.40 3.58 1.48 2016/17 (Est.) 7.12 9.34 3.70 4.17 1.46 filler filler filler filler filler 2017/18 (Proj.) Jan 5.66 7.91 3.18 3.81 0.93 2017/18 (Proj.) Feb 5.66 7.91 3.18 3.81 0.93 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption o nly (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). February 2018 WASDE - 574 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2015/16 2,039.27 2,555.43 294.89 2,086.63 550.55 2016/17 (Est.) 2,130.69 2,673.86 333.56 2,214 .01 556.77 filler filler filler filler filler 2017/18 (Proj.) Jan 2,128.65 2,676.91 330.23 2,212.58 549.69 2017/18 (Proj.) Feb 2,127.23 2,675.41 332.86 2,216.87 546.39 filler filler filler filler filler Wheat 2015/16 679.19 873.60 151.67 679.74 215.03 2016/17 (Est.) 687.60 899.41 154.57 707.62 220.51 filler filler filler filler filler 2017/18 (Proj.) Jan 709.64 926.00 154.31 711.44 241.10 2017/18 (Proj.) Feb 710.88 927.16 155.84 714.39 238.63 filler filler filler filler filler Coarse Grains 5/ 2015/16 893.25 1,089.54 106.28 942.36 204.37 2016/17 (Est.) 963.42 1,164.37 136.18 1,028.39 200.48 filler filler filler filler filler 2017/18 (Proj.) Jan 939.97 1,136.00 133.27 1,023.20 168.44 2017/18 (Proj.) Feb 937.6 8 1,134.58 133.36 1,025.52 167.89 filler filler filler filler filler Rice, milled 2015/16 466.83 592.29 36.95 464.53 131.16 2016/17 (Est.) 479.67 610.08 42.81 478.00 135.78 filler filler filler filler filler 2017/18 (Proj.) Jan 479.05 614.91 42.65 477.94 140.15 2017/18 (Proj.) Feb 478.67 613.66 43.66 476.97 139.87 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import i mbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2015/16 96.14 207.29 35.13 112.26 95.34 2016/17 (Est.) 106.57 201.90 37.22 114.75 87.66 filler filler filler filler filler 2017/18 (Proj.) Jan 120.97 208.60 38.38 120.8 3 87.79 2017/18 (Proj.) Feb 121.37 209.03 38.22 120.50 88.55 filler filler filler filler filler United States 2015/16 12.89 16.57 9.15 3.45 3.80 2016/17 (Est.) 17.17 20.98 14.92 3.25 2.75 filler filler filler filler filler 2017/18 (Proj. ) Jan 21.26 24.02 14.80 3.35 5.70 2017/18 (Proj.) Feb 21.26 24.02 14.50 3.35 6.00 filler filler filler filler filler Foreign 4/ 2015/16 83.25 190.72 25.98 108.81 91.54 2016/17 (Est.) 89.40 180.93 22.30 111.50 84.91 filler filler filler filler filler 2017/18 (Proj.) Jan 99.70 184.58 23.58 117.48 82.09 2017/18 (Proj.) Feb 100.11 185.01 23.72 117.15 82.55 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. February 2018 WASDE - 574 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2015/16 521.50 614.87 153.28 446.36 90.61 2016/17 (Est.) 574.97 665.58 170.38 470.76 108.01 filler filler filler filler filler 2017/18 (Proj.) Jan 580.08 688.42 175.97 488.49 111.18 2017/18 (Proj.) Feb 578.62 686.63 175.85 487.47 110.43 filler filler filler filler filler Oilmeals 2015/16 306.39 323.68 86.89 303.76 16.26 2016/17 (Est.) 322.21 338.47 88.35 318.30 15.88 filler filler filler filler filler 2017/18 (Proj.) Jan 334.55 350.39 91.16 331.15 15.25 2017/18 (Proj.) Feb 333.67 349.55 91.06 331.20 14.19 filler filler filler filler filler Vegetable Oils 2015/16 176.91 201.38 73.56 177.60 20.81 2016/17 (Est.) 189.06 209.87 80.76 184.33 19.40 filler filler filler filler filler 2017/18 (Proj.) Jan 196.85 216.15 81.02 190.34 20.55 2017/18 (Proj.) Feb 197.12 216.52 81.11 190.83 20.72 filler filler filler filler filler United States Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2015/16 115.88 123.76 53.96 55.05 6.87 2016/17 (Est.) 126.93 135.30 60.28 56.20 9.60 filler filler filler filler filler 2017/18 (Proj.) Jan 131.31 142.40 60.04 57.96 14.57 2017/18 (Proj.) Feb 131.31 142.35 58.41 57.58 16.23 filler filler filler filler filler Oilmeals 2015/16 42.78 47.15 11.18 35.69 0.28 2016/17 (Est.) 43.06 47.26 10.83 36.02 0.41 filler filler filler filler filler 2017/18 (Proj.) Jan 44.47 48.76 11.41 37.03 0.33 2017/18 (Proj.) Feb 44.33 48.44 11.41 36.71 0.33 filler filler filler filler filler Vegetable Oils 2015/16 11.21 17.03 1.25 14.58 1.20 2016/17 (Est.) 11.42 17.35 1.42 14.71 1.23 filler filler filler filler filler 2017/18 (Proj.) Jan 11.67 17.81 1.12 15.60 1.09 2017/18 (Proj.) Feb 11.60 17.69 1.10 15.48 1.11 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2015/16 405.62 491.10 99.32 391.31 83.74 2016/17 (Est.) 448.04 530.28 110.10 414.56 98.41 filler filler filler filler filler 2017/18 (Proj.) Jan 448.77 546.02 115.93 430.53 96.61 2017/18 (Proj.) Feb 447.31 544.28 117.44 429.89 94.19 filler filler filler filler filler Oilmeals 2015/16 263.61 276.53 75.71 268.07 15.99 2016/17 (Est.) 279.14 291.21 77.52 282.28 15.47 filler filler filler filler filler 2017/18 (Proj.) Jan 290.08 301.62 79.76 294.12 14.93 2017/18 (Proj.) Feb 289.34 301.10 79.65 294.49 13.86 filler filler filler filler filler Vegetable Oils 2015/16 165.70 184.35 72.31 163.02 19.61 2016/17 (Est.) 177.64 192.52 79.34 169.63 18.17 filler filler filler filler filler 2017/18 (Proj.) Jan 185.18 198.34 79.90 174.74 19.46 2017/18 (Proj.) Feb 185.52 198.83 80.01 175.35 19.62 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. February 201 8 WASDE - 574 - 11 U.S. Wheat Supply and Use 1/ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Jan Feb Million Acres Area Planted 55.0 50.1 46.0 46.0 Area Harvested 47.3 43.9 37.6 37.6 Bushels Yield per Harve sted Acre 43.6 52.7 46.3 46.3 Million Bushels Beginning Stocks 752 976 1,181 1,181 Production 2,062 2,309 1,741 1,741 Imports 113 118 155 155 Supply, Total 2,927 3,402 3,076 3,076 Food 957 949 950 955 Seed 67 61 62 62 Feed and Residual 149 156 100 100 Domestic, Total 1,174 1,167 1,112 1,117 Exports 778 1,055 975 950 Use, Total 1,951 2,222 2,087 2,067 Ending Stocks 976 1,181 989 1,009 Avg. Farm Price ($/bu) 2/ 4.89 3.89 4.50 - 4.70 4.55 - 4.65 U.S. Wheat by Class: Supply a nd Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2016/17 (Est.) Beginning Stocks 446 272 157 74 28 976 Production 1,082 491 345 286 104 2,309 Supply, Total 3/ 1,533 805 535 368 162 3,402 Domestic Use 489 249 228 99 101 1,167 Exports 455 321 92 163 24 1,055 Use, Total 943 570 320 263 126 2,222 Ending Stocks, Total 589 235 215 105 36 1,181 2017/18 (Proj.) Beginning Stocks 589 235 215 105 36 1,181 Production 750 385 292 258 55 1,741 Supply, Total 3/ 1,346 695 527 370 138 3,076 Domestic Use 457 274 209 94 83 1,117 Exports 395 245 90 200 20 950 Use, Total 852 519 299 294 103 2,067 Ending Stocks, Total Feb 494 176 228 76 35 1,009 Ending Stocks, Total Jan 484 178 231 61 35 989 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. February 2018 WASDE - 574 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Jan Feb Million Acres Area Planted 103.2 106.6 100.9 100.9 Area Harvested 93.0 96.5 90.5 90.5 Metric Tons Yield per Harvested Acre 3.94 4.17 4.24 4.24 Million Metric Tons Beginning Stocks 46.9 48.1 62.1 62.1 Production 366.7 402.3 384.0 384.0 Imports 3.7 3.3 3.4 3.4 Supply, Total 417.4 453.6 449.5 449.5 Feed and Residual 135.2 144.4 145.0 145.0 Food, Seed & Industrial 176.9 182.5 183.6 183.6 Domestic, Total 312.1 327.0 328.6 328.6 Exports 57.2 64.5 55.6 58.8 Use, Total 369.3 391.5 384.2 387.4 Ending Stocks 48.1 62.1 65.3 62.1 CORN 2015/16 2016/17 E st. 2017/18 P roj. 2017/18 Proj. January February Million Acres Area Planted 88.0 94.0 90.2 90.2 Area Harvested 80.8 86.7 82.7 82.7 Bushels Yield per Harvested Acre 168.4 174.6 176.6 176.6 Million Bushels Beginning Stocks 1,731 1,737 2,293 2,293 Production 13,602 15,148 14,604 14,604 Imports 68 57 50 50 Supply, Total 15,401 16,942 16,947 16,947 Feed and Residual 5,114 5,467 5,550 5,550 Food, Seed & Industrial 2/ 6,648 6,889 6,995 6,995 Ethanol & by -products 3/ 5,224 5,439 5,525 5,525 Domestic, Total 11,763 12,356 12,545 12,545 Exports 1,901 2,293 1,925 2,050 Use, Total 13,664 14,649 14,470 14,595 Ending Stocks 1,737 2,293 2,477 2,352 Avg. Farm Price ($/bu) 4/ 3.61 3.36 2.95 - 3.55 3.05 - 3.55 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/ data-products/feed -grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by -products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing - year weighted average price received by farmers. February 2018 WASDE - 574 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Jan Feb Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Plante d (mil. acres) 8.5 6.7 5.6 5.6 Area Harvested (mil. acres) 7.9 6.2 5.0 5.0 Yield (bushels/acre) 76.0 77.9 72.1 72.1 Beginning Stocks 18 37 33 33 Production 597 480 364 364 Imports 5 2 2 2 Supply, Total 620 519 399 399 Feed and Residual 107 130 65 65 Food, Seed & Industrial 137 115 50 50 Total Domestic 244 245 115 115 Exports 340 241 260 260 Use, Total 583 485 375 375 Ending Stocks 37 33 24 24 Avg. Farm Price ($/bu) 2/ 3.31 2.79 2.85 - 3.45 2.90 - 3.40 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. January February Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.6 3.1 2.5 2.5 Area Harvested (mil. acres) 3.2 2.6 2.0 2.0 Yield (bushels/acre) 69.1 77.9 72.6 72.6 Beginning Stocks 79 102 106 106 Production 218 200 142 142 Imports 19 10 15 15 Supply, Total 315 312 263 263 Feed and Residual 44 39 35 35 Food, Seed & Industrial 158 162 162 162 Total Domestic 202 201 197 197 Exports 11 4 5 5 Use, Total 213 205 202 202 Ending Stocks 102 106 61 61 Avg. Farm Price ($/bu) 2/ 5.52 4.96 4.15 - 4.85 4.15 - 4.75 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. January February Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.1 2.8 2.6 2.6 Area Harvested (mil. acres) 1.3 1.0 0.8 0.8 Yield (bushels/acre) 70.2 66.0 61.7 61.7 Beginning Stocks 54 57 50 50 Production 90 65 49 49 Imports 86 90 100 100 Supply, Total 229 212 200 200 Feed and Resi dual 94 82 90 90 Food, Seed & Industrial 77 76 78 78 Total Domestic 170 158 168 168 Exports 2 3 2 2 Use, Total 172 162 170 170 Ending Stocks 57 50 30 30 Avg. Farm Price ($/bu) 2/ 2.12 2.06 2.35 - 2.65 2.50 - 2.70 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. February 2018 WASDE - 574 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Jan Feb Million Acres Area Planted 2.63 3.15 2.46 2.46 Area Harvested 2.59 3.10 2.37 2.37 Fil ler Pounds Yield per Harvested Acre 7,472 7,237 7,507 7,507 Million Hundredweight Beginning Stocks 2/ 48.5 46.5 46.0 46.0 Production 193.1 224.1 178.2 178.2 Imports 24.1 23.5 24.9 24.9 Supply, Total 265.8 294.1 249.2 249.2 Dom estic & Residual 3/ 112.4 131.4 120.0 120.0 Exports, Total 4/ 107.0 116.7 100.0 100.0 Rough 39.3 42.5 34.0 34.0 Milled (rough equiv.) 67.7 74.2 66.0 66.0 Use, Total 219.3 248.0 220.0 220.0 Ending Stocks 46.5 46.0 29.2 29.2 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 12.20 10.40 12.10 - 13.10 12.10 - 12.90 Total LONG -GRAIN RICE 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. January February Harvested Acres (mil.) 1.85 2.40 1.75 1.75 Yield (pounds/acre) 7,219 6,927 7,314 7,314 Beginning Stocks 26.5 22.7 31.0 31.0 Production 133.4 166.5 127.9 127.9 Supply, Total 7/ 180.7 209.4 180.4 180.4 Domestic & Residual 3/ 82.1 99.7 93.0 93.0 Exports 8/ 75.9 78.7 71.0 71.0 Use, Total 158.0 178.4 164.0 164.0 Ending Stocks 22.7 31.0 16.4 16.4 Avg. Farm Price ($/cwt) 6/ 11.20 9.61 11.30 - 12.30 11.30 - 12.10 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2015/16 2016/17 E st. 2017/ 18 Proj. 2017/18 Proj. January February Harvested Acres (mil.) 0.74 0.69 0.63 0.63 Yield (pounds/acre) 8,107 8,311 8,048 8,048 Beginning Stocks 20.2 20.9 11.5 11.5 Production 59.7 57.7 50.4 50.4 Supply, Total 7/ 82.2 81.1 65.3 65.3 Domestic & Residual 3/ 30.3 31.7 27.0 27.0 Exports 8/ 31.0 37.9 29.0 29.0 Use, Total 61.3 69.6 56.0 56.0 Ending Stocks 20.9 11.5 9.3 9.3 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 15.30 13.10 14.50 - 15.50 14.60 - 15.40 California 10/ 18.10 14.10 15.50 - 16.50 15.50 - 16.50 Other States 1/ 11.20 10.10 11.50 - 12.50 11.50 - 12.30 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2015/16 -2.9; 2016/17 -2.9; 2017/18 -2.9. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain season -average - farm p rice (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.65 per cwt from 2008/09 -2013/14, with a high of $3.50 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. 10/ Marketi ng year beginning October 1. February 2018 WASDE - 574 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Jan Feb Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 82.7 83.4 90.1 90.1 Area Harvested 81.7 82.7 89.5 89.5 Fil ler Bushels Yield per Harvested Acre 48.0 52.0 49.1 49.1 Million Bushels Beginning Stocks 191 197 302 302 Production 3,926 4,296 4,392 4,392 Imports 24 22 25 25 Supply, Total 4,140 4,515 4,718 4,718 Crushings 1,886 1,899 1,950 1,950 Exports 1,942 2,174 2,160 2,100 Seed 97 105 106 106 Residual 18 36 33 33 Use, Total 3,944 4,213 4,248 4,188 Ending Stocks 197 302 470 530 Avg. Fa rm Price ($/bu) 2/ 8.95 9.47 8.80 - 9.80 8.90 - 9.70 Total SOYBEAN OIL 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. January February Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,855 1,687 1,711 1,711 Product ion 4/ 21,950 22,099 22,525 22,525 Imports 287 319 300 300 Supply, Total 24,092 24,104 24,536 24,536 Domestic Disappearance 20,162 19,837 21,100 21,100 Biodiesel 3/ 5,670 6,200 7,500 7,500 Food, Feed & other Industrial 14,492 13,637 13,600 13,600 Exports 2,243 2,556 1,900 1,900 Use, Total 22,405 22,393 23,000 23,000 Ending stocks 1,687 1,711 1,536 1,536 Avg. Price (c/lb) 2/ 29.86 32.48 32.00 - 35.00 31.00 - 34.00 Total SOYBEAN MEAL 2015/16 2016/17 E st. 2017/18 Proj. 2017 /18 Proj. January February Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 260 264 401 401 Production 4/ 44,672 44,733 46,099 46,099 Imports 403 349 300 300 Supply, Total 45,336 45,347 46,800 46,800 Domestic Disappearance 33,118 33,345 34,300 34,300 Exports 11,954 11,601 12,200 12,200 Use, Total 45,072 44,946 46,500 46,500 Ending Stocks 264 401 300 300 Avg. Price ($/s.t.) 2/ 324.56 316.88 295.00 - 335.00 305.00 - 335.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 1,906 mill ion bushels for 2016/17 an d 1,950 million bushels for 2017/18. February 2018 WASDE - 574 - 16 U.S. Sugar Supply and Use 1/ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Jan Feb Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,815 2,054 1,851 1,876 Production 2/ 8,989 8,969 9,312 9,230 Beet Sugar 5,119 5,103 5,257 5,219 Cane Sugar 3,870 3,866 4,055 4,011 Florida 2,173 2,055 2,075 1,992 Hawaii 152 43 0 0 Louisi ana 1,428 1,628 1,820 1,859 Texas 116 140 160 160 Imports 3,341 3,244 3,316 3,316 TRQ 3/ 1,620 1,611 1,788 1,788 Other Program 4/ 396 419 250 250 Other 5/ 1,325 1,213 1,278 1,278 Mexico 1,309 1,201 1,268 1,268 Total Supply 14,145 14,267 14,479 14,422 Exports 74 95 100 100 Deliveries 12,051 12,258 12,555 12,480 Food 6/ 11,881 12,102 12,400 12,325 Other 7/ 170 156 155 155 Miscellaneous -33 38 0 0 Total Use 12,091 12,391 12,655 12,580 Ending Stocks 2,054 1,876 1,824 1,842 Stocks to Use Ratio 17.0 15.1 14.4 14.6 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2016/17 and 2017/18 are based on Crop Production and processor projections where appropriate. 3/ For 2017/18, WTO raw sugar TRQ shortfall (183). For 2016/17, WTO raw sugar TRQ shortfall is undefined because of 13th month rollover into 2017/18. 4/ Includes sugar under the re -export and polyhydric alcohol programs. 5/ For 2015/16, other high- tier (16) and other (0). For 2016/17, other high- tier (12) and other (0). For 2017/18, other high- tier (10) and other (0). 6/For 2014/15, combines SMD deliveries for domestic human food use and SMD mi scellaneous uses. 7/ Transfers to sugar -containing products for reexport, and for nonedible alcohol, feed, and ethanol. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2016/17 Est. Jan 1,037 5,957 93 4,851 1,234 1,002 2016/17 Est. Feb 1,037 5,957 93 4,851 1,234 1,002 2017/18 Proj. Jan 1,002 6,100 135 4,972 1,257 1,008 2017/18 Proj. Feb 1,002 6,100 135 4,886 1,362 989 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): Estimated Oct -Sep 2016/17 = 1,522, projected 2017/18 = 1,608; Oct - Dec 2016/17 = 348, Oct - Dec 2017/18 = 395. Footnote source for estimate: Comite Nacional par a el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2016/17 (397 est), 2017/18 (390 proj). Other Deliveries/End ing Year Statistical Adjustments: 2015/16 ( -10), 2016/17 ( -61), 2017/18 (0). February 2018 WASDE - 574 - 17 U.S. Cotton Supply and Use 1/ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Jan Feb Fil ler Fil ler Filler Fil ler Fil ler Area Million Acres Planted 8.58 10.07 12.61 12.61 Harvested 8.07 9.51 11.35 11.35 Fil ler Pounds Yield per Harvested Acre 766 867 899 899 Million 480 Pound Bales Beginning Stocks 3.65 3.80 2.75 2.75 Production 12.89 17.17 21.26 21.26 Imports 0.03 0.01 0.01 0.01 Supply, Total 16.57 20.98 24.02 24.02 Domestic Use 3.45 3.25 3.35 3.35 Exports, Total 9.15 14.92 14.80 14.50 Use, Total 12.60 18.17 18.15 17.85 Unaccounted 2/ 0.17 0.06 0.17 0.17 Ending Stocks 3.80 2.75 5.70 6.00 Avg. Farm Price 3/ 61.2 68.0 67.00 - 71.00 67.00 - 71.00 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. February 2018 WASDE - 574 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 217.95 735.31 170.09 136.50 711.68 172.84 241.58 United States 20.48 56.12 3.07 4.07 31.94 21.17 26.55 Total Foreign 197.48 679.19 167.02 132.43 679.74 151.67 215.03 Major Exporters 4/ 29.27 221.65 7.59 65.65 150.59 82.52 25.41 Argentina 4.80 11.30 0.01 0.20 5.70 9.60 0.82 Australia 4.67 22.28 0.15 3.70 7.13 16.12 3.85 Canada 7.10 27.59 0.51 2.75 7.92 22.11 5.18 European Union 5/ 12.70 160.48 6.92 59.00 129.85 34.69 15.56 Major Importers 6/ 113.34 205.43 92.35 27.94 264.64 6.42 140.06 Brazil 0.87 5.54 6.75 0.50 11.10 1.06 1.00 China 76.11 130.19 3.48 10.50 112.00 0.73 97.04 Sel. Mi deast 7/ 13.65 19.91 19.19 4.85 37.77 0.55 14.43 N. Africa 8/ 13.22 19.98 27.80 2.28 43.67 0.70 16.63 Pakistan 3.71 25.10 0.02 0.80 24.40 0.60 3.83 Southeast Asia 9/ 3.85 0.00 24.60 8.02 22.30 0.97 5.19 Selected Other India 17.22 86.53 0.47 4.20 88.55 1.13 14.54 FSU-12 20.66 117.96 7.40 26.74 77.78 51.48 16.77 Russia 6.29 61.04 0.82 14.00 37.00 25.54 5.61 Kazakhstan 3.28 13.75 0.07 2.10 6.90 7.60 2.60 Ukraine 5.68 27.27 0.03 5.10 12.20 17.43 3.35 2016/17 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 241.58 750.44 179.27 147.09 739.37 183.29 252.64 United States 26.55 62.83 3.22 4.26 31.75 28.72 32.13 Total Foreign 215.03 687.60 176.05 142.83 707.62 154.57 220.51 Major Exporters 4/ 25.41 225.74 5.94 65.39 150.92 83.95 22.22 Argentina 0.82 18.40 0.01 0.05 5.15 13.83 0.25 Australia 3.85 30.36 0.14 3.90 7.35 22.64 4.37 Canada 5.18 31.73 0.50 5.44 10.42 20.16 6.84 European Union 5/ 15.56 145.25 5.29 56.00 128.00 27.32 10.77 Major Importers 6/ 140.06 200.04 96.41 36.62 278.75 5.49 152.28 Brazil 1.00 6.73 7.35 0.80 12.20 0.62 2.26 China 97.04 128.85 4.41 16.50 118.50 0.75 111.05 Sel. Mideast 7/ 14.43 20.14 18.11 4.97 39.12 0.53 13.03 N. Africa 8/ 16.63 14.08 28.36 2.28 44.57 0.57 13.92 Pakistan 3.83 25.60 0.00 0.80 24.50 0.60 4.33 Southeast Asia 9/ 5.19 0.00 26.91 9.89 25.47 1.02 5.61 Selected Other India 14.54 87.00 5.90 4.70 97.12 0.52 9.80 FSU-12 16.77 130.47 7.36 28.00 79.07 54.42 21.11 Russia 5.61 72.53 0.50 17.00 40.00 27.81 10.83 Kazakhstan 2.60 14.99 0.08 2.10 6.90 7.40 3.36 Ukraine 3.35 26.79 0.04 3.60 10.30 18.11 1.77 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports an d exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Af rica, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, an d Vietnam. February 2018 WASDE - 574 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jan 252.72 757.01 180.19 143.32 741.70 180.85 268.02 Feb 252.64 758.25 180.31 144.52 744.79 181.69 266.10 United States Jan 32.13 47.37 4.22 2.72 30.26 26.54 26.92 Feb 32.13 47.37 4.22 2.72 30.40 25.86 27.47 Total Foreign Jan 220.59 709.6 4 175.97 140.60 711.44 154.31 241.10 Feb 220.51 710.88 176.09 141.80 714.39 155.84 238.63 Major Exporters 4/ Jan 22.20 220.60 6.66 64.00 149.75 76.90 22.81 Feb 22.22 221.10 6.16 64.00 149.75 77.00 22.73 Argentina Jan 0.22 17.50 0.01 0.10 5.50 11.90 0.33 Feb 0.25 18.00 0.01 0.10 5.50 12.50 0.26 Australia Jan 4.37 21.50 0.15 3.40 6.80 16.00 3.22 Feb 4.37 21.50 0.15 3.40 6.80 16.00 3.22 Canada Jan 6.84 30.00 0.50 3.50 8.70 22.00 6.64 Feb 6.84 30.00 0.50 3.50 8.70 22.50 6.14 European Union 5/ Jan 10.77 151.60 6.00 57.00 128.75 27.00 12.62 Feb 10.77 151.60 5.50 57.00 128.75 26.00 13.12 Major Importers 6/ Jan 152.20 202.80 95.48 30.78 277.11 6.46 166.90 Feb 152.28 202.75 95.88 31.78 278.71 6.71 165.49 Brazil Jan 2.18 4.25 8.00 0.50 12.10 0.80 1.53 Feb 2.26 4.25 7.80 0.50 12.10 0.60 1.61 China Jan 111.05 130.00 4.00 13.00 116.00 0.80 128.25 Feb 111.05 130.00 4.00 13.50 117.00 1.00 127.05 Sel. Mideast 7/ Jan 13.03 19.42 18.40 5.31 40.50 0.84 9.51 Feb 13.03 19.42 18.20 5.31 40.50 0.89 9.26 N. Africa 8/ Jan 13.92 18.15 27.85 2.18 45.08 0.69 14.16 Feb 13.92 18.15 27.85 2.18 45.08 0.69 14.16 Pakistan Jan 4.33 26.50 0.03 1.00 25.00 0.60 5.26 Feb 4.33 26.50 0.03 1.00 25.00 1.00 4.86 Southeast Asia 9/ Jan 5.61 0.00 26.00 7.79 24.34 1.07 6.20 Feb 5.61 0.00 27.00 8.29 24.94 1.07 6.60 Selected Other India Jan 9.80 98.38 2.50 5.00 100.00 0.50 10.18 Feb 9.80 98.38 2.00 5.00 100.00 0.50 9.68 FSU-12 Jan 21.11 141.27 7.96 32.50 83.99 60.54 25.82 Feb 21.11 142.15 8.03 32.70 84.19 61.65 25.45 Russia Jan 10.83 85.00 0.50 21.50 45.00 35.00 16.33 Feb 10.83 85.00 0.50 21.50 45.00 36.00 15.33 Kazakhs tan Jan 3.36 14.00 0.05 2.10 6.90 7.50 3.01 Feb 3.36 14.00 0.05 2.10 6.90 7.50 3.01 Ukraine Jan 1.78 26.50 0.03 3.40 9.80 17.00 1.51 Feb 1.77 26.98 0.03 3.50 9.90 17.00 1.88 1/ Aggregate of local marketing years. 2/ Total foreign and w orld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra- trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2018 WASDE - 574 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 247.17 1,260.26 181.15 767.15 1,254.95 163.46 252.48 United States 46.95 367.01 3.94 135.37 312.60 57.18 48.11 Total Foreign 200.22 893.25 177.22 631.78 942.36 106.28 204.37 Major Exporters 4/ 20.12 153.93 7.90 83.39 112.69 51.63 17.63 Argentina 4.27 38.44 0.00 9.36 14.32 25.22 3.18 Australia 1.53 12.54 0.00 3.96 5.64 6.94 1.50 Brazil 8.24 68.65 3.97 50.47 59.82 14.03 7.01 Canada 3.33 25.62 1.55 13.81 21.25 4.61 4.64 Major Importers 5/ 49.13 246.12 123.97 271.75 353.48 15.71 50.03 European Union 6/ 18.89 152.67 14.26 117.08 157.25 13.11 15.45 Japan 1.77 0.18 17.07 13.29 17.26 0.00 1.76 Mexico 4.83 32.38 14.95 26.72 44.72 1.56 5.89 N. Afr & Mideast 7/ 14.49 32.77 32.75 55.96 64.31 0.11 15.59 Saudi Arabia 3.36 0.36 14.79 13.60 14.11 0.00 4.41 Southeast Asia 8/ 3.66 27.51 15.17 33.06 41.07 0.93 4.33 South Korea 1.89 0.19 10.19 7.83 10.32 0.00 1.95 Selected Other China 101.92 231.40 17.50 166.44 238.74 0.03 112.05 FSU-12 7.92 82.55 0.54 38.26 53.43 31.33 6.25 Russia 2.82 37.43 0.13 20.32 29.72 9.00 1.66 Ukraine 3.29 33.39 0.05 8.74 12.37 21.19 3.17 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 252.48 1,366.03 172.67 799.69 1,355.87 200.68 262.65 United States 48.11 402.61 3.43 144.60 327.48 64.50 62.17 Total Foreign 204.37 963.42 169.24 655.09 1,028.39 136.18 200.48 Major Exporters 4/ 17.63 210.59 2.80 89.84 122.09 80.02 28.91 Argentina 3.18 48.57 0.00 11.07 16.44 28.51 6.80 Australia 1.50 16.62 0.00 4.29 6.16 10.18 1.78 Brazil 7.01 101.58 1.64 53.45 64.03 34.01 12.19 Canada 4.64 25.79 0.94 13.80 21.65 4.81 4.91 Major Importers 5/ 50.03 242.33 120.78 276.22 358.43 11.04 43.67 European Union 6/ 15.45 152.59 15.83 120.07 160.69 8.07 15.11 Japan 1.76 0.17 17.00 13.25 17.25 0.00 1.69 Mexico 5.89 33.33 15.24 28.00 46.90 1.54 6.02 N. Afr & Mideast 7/ 15.59 26.21 34.14 55.38 63.20 0.16 12.59 Saudi Arabia 4.41 0.36 11.52 13.22 13.73 0.00 2.56 Southeast Asia 8/ 4.33 29.40 13.48 34.96 42.77 1.27 3.17 South Korea 1.95 0.20 9.29 7.24 9.59 0.00 1.85 Selected Other China 112.05 227.44 16.06 174.28 252.94 0.11 102.49 FSU-12 6.25 92.15 0.76 40.70 55.97 36.58 6.61 Russia 1.66 40.77 0.28 22.58 32.13 8.56 2.02 Ukraine 3.17 39.22 0.04 9.06 12.53 26.90 3.00 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed gra ins (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Alger ia, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2018 WASDE - 574 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jan 261.77 1,324.22 183.55 815.32 1,352.23 188.91 233.77 Feb 262.65 1,321.94 185.20 816.04 1,354.54 192.18 230.04 United States Jan 62.17 384.26 3.58 145.07 329.03 55.65 65.33 Feb 62.17 384.26 3.58 145.07 329.03 58.82 62.15 Total Foreign Jan 199.61 939.97 179.98 670.25 1,023.20 133.27 168.44 Feb 200.48 937.68 181.63 670.97 1,025.52 133.36 167.89 Major E xporters 4/ Jan 27.91 197.55 2.23 90.87 123.12 78.81 25.77 Feb 28.91 194.90 2.33 90.22 122.47 78.81 24.86 Argentina Jan 6.95 49.10 0.01 11.72 17.38 31.31 7.37 Feb 6.80 46.45 0.01 11.22 16.88 30.11 6.27 Australia Jan 1.78 11.50 0.00 3.34 5.21 7.03 1.05 Feb 1.78 11.50 0.00 3.19 5.06 7.23 0.99 Brazil Jan 11.04 97.79 0.85 54.44 64.89 34.02 10.77 Feb 12.19 97.79 0.95 54.44 64.89 35.02 11.02 Canada Jan 4.91 26.21 1.06 15.49 23.25 4.75 4.18 Feb 4.91 26.21 1.06 15.49 23.25 4.75 4.18 Major Importers 5/ Jan 43.69 242.68 131.19 283.81 366.23 10.88 40.44 Feb 43.67 243.23 132.64 285.46 367.88 10.75 40.91 European Union 6/ Jan 15.11 150.80 16.71 119.48 160.10 8.51 14.01 Feb 15.11 150.80 16.91 119.68 160.30 8.51 14.01 Japan Jan 1.69 0.19 16.72 13.07 17.06 0.00 1.53 Feb 1.69 0.19 16.72 13.07 17.06 0.00 1.53 Mexico Jan 6.01 31.63 16.90 29.22 48.19 1.30 5.05 Feb 6.02 32.08 16.90 29.37 48.34 1.30 5.36 N. Afr & Mideast 7/ Jan 12.60 29.99 38.77 60.31 68.31 0.25 12.81 Feb 12.59 29.99 40.02 61.51 69.51 0.12 12.97 Saudi Arabia Jan 2.56 0.36 13.01 13.55 14.11 0.00 1.82 Feb 2.56 0.36 13.01 13.55 14.11 0.00 1.82 Southeast Asia 8/ Jan 3.18 29.44 14.72 36.16 43.76 0.83 2.75 Feb 3.17 29.54 14.72 36.26 43.86 0.83 2.73 South Korea Jan 1.85 0.20 9.77 7.54 10.01 0.00 1.82 Feb 1.85 0.20 9.77 7.54 10.01 0.00 1.82 Selected Other China Jan 102.49 223.93 16.10 178.95 261.48 0.08 80.96 Feb 102.49 223.93 16.30 179.10 261.66 0.08 80.98 FSU-12 Jan 6.70 89.54 0.72 40.30 55.44 36.37 5.16 Feb 6.61 89.10 0.72 39.77 54.86 36.59 4.98 Russia Jan 2.02 42.00 0.11 23.07 32.72 9.66 1.75 Feb 2.02 42.00 0.11 22.77 32.32 10.06 1.75 Ukraine Jan 3.04 34.99 0.03 7.04 10.31 25.61 2.15 Feb 3.00 34.07 0.03 6.69 10.00 25.11 1.99 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imp orts and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some count ries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2018 WASDE - 574 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Produ ction Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 209.74 973.45 139.25 601.78 968.23 119.74 214.96 United States 43.97 345.51 1.72 129.91 298.79 48.29 44.12 Total Foreign 165.77 627.95 137.54 471.87 669.45 71.45 170.84 Major Exporters 4/ 13.19 104.71 5.67 60.70 77.77 36.48 9.32 Argentina 2.90 29.50 0.00 6.00 9.30 21.64 1.46 Brazil 7.84 67.00 3.42 49.00 57.50 14.00 6.77 South Africa 2.45 8.21 2.24 5.70 10.97 0.84 1.10 Major Importe rs 5/ 23.17 118.33 81.66 144.80 196.29 4.44 22.42 Egypt 2.36 6.00 8.72 12.45 14.85 0.01 2.22 European Union 6/ 9.63 58.75 13.79 55.50 73.50 1.95 6.72 Japan 1.35 0.00 15.20 11.60 15.20 0.00 1.35 Mexico 4.09 25.97 14.01 20.30 37.30 1.56 5.21 Southeast Asia 7/ 3.65 27.46 15.15 33.00 41.00 0.93 4.33 South Korea 1.86 0.08 10.12 7.80 10.12 0.00 1.94 Selected Other 0.00 Canada 1.40 13.56 1.37 7.10 12.38 1.74 2.21 China 100.47 224.63 3.17 153.50 217.50 0.00 110.77 FSU-12 3.16 39.87 0.38 16.62 19.33 21.49 2.59 Ukraine 1.52 23.33 0.03 5.50 6.90 16.60 1.39 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 214.96 1,075.97 135.72 632.01 1,061.17 162.10 229.76 United States 44.12 384.78 1.45 138.87 313.86 58.24 58.25 Total Foreign 170.84 691.19 134.27 493.15 747.32 103.86 171.51 Major Exporters 4/ 9.32 156.98 1.00 65.63 84.83 62.00 20.48 Argentina 1.46 41.00 0.00 7.50 11.20 25.50 5.76 Brazil 6.77 98.50 0.95 51.00 60.50 34.00 11.72 South Africa 1.10 17.48 0.05 7.13 13.13 2.50 3.00 Major Importers 5/ 22.42 124.53 80.61 147.96 200.71 4.99 21.86 Egypt 2.22 6.00 8.77 12.70 15.10 0.01 1.89 European Union 6/ 6.72 61.45 15.24 55.00 73.70 2.17 7.54 Japan 1.35 0.00 15.17 11.60 15.20 0.00 1.32 Mexico 5.21 27.58 14.57 22.50 40.40 1.54 5.42 Southeast Asia 7/ 4.33 29.35 13.46 34.90 42.70 1.27 3.17 South Korea 1.94 0.08 9.23 7.21 9.41 0.00 1.83 Selected Other 0.00 Canada 2.21 13.19 0.85 7.10 12.70 1.52 2.04 China 110.77 219.55 2.46 162.00 232.00 0.08 100.71 FSU-12 2.59 47.27 0.35 17.30 20.08 27.15 2.97 Ukraine 1.39 27.97 0.03 5.10 6.50 21.33 1.55 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra- trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2018 WASDE - 574 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jan 228.75 1,044.56 146.08 650.57 1,066.73 151.51 206.57 Feb 229.76 1,041.73 146.78 650.57 1,068.41 153.89 203.09 United States Jan 58.25 370.96 1.27 140.98 318.66 48.90 62.93 Feb 58.25 370.96 1.27 140.98 318.66 52.07 59.75 Total Foreign Jan 170.50 673.60 144.81 509.59 748.07 102.62 143.65 Feb 171.51 670.77 145.51 509.59 749.75 101.82 143.33 Major Exporters 4/ Jan 19.33 149.50 0.41 66.30 85.70 64.70 18.83 Feb 20.48 146.50 0.51 65.80 85.20 64.20 18.08 Argentina Jan 5.76 42.00 0.01 8.50 12.50 29.00 6.27 Feb 5.76 39.00 0.01 8.00 12.00 27.50 5.27 Brazil Jan 10.57 95.00 0.30 52.00 61.50 34.00 10.37 Feb 11.72 95.00 0.40 52.00 61.50 35.00 10.62 South Africa Jan 3.00 12.50 0.10 5.80 11.70 1.70 2.20 Feb 3.00 12.50 0.10 5.80 11.70 1.70 2.20 Major Importers 5/ Jan 21.86 121.84 86.40 153.25 206.20 4.13 19.77 Feb 21.86 122.24 86.60 153.55 206.50 4.13 20.06 Egypt Jan 1.89 6.00 10.00 13.40 15.90 0.01 1.98 Feb 1.89 6.00 10.00 13.40 15.90 0.01 1.98 European Union 6/ Jan 7.54 60.09 16.00 56.00 74.80 2.00 6.83 Feb 7.54 60.09 16.20 56.20 75.00 2.00 6.83 Japan Jan 1.32 0.00 15.00 11.50 15.10 0.00 1.22 Feb 1.32 0.00 15.00 11.50 15.10 0.00 1.22 Mexico Jan 5.41 26.20 16.50 24.30 42.30 1.30 4.51 Feb 5.42 26.50 16.50 24.30 42.30 1.30 4.82 Southeast Asia 7/ Jan 3.18 29.39 14.70 36.10 43.70 0.82 2.75 Feb 3.17 29.49 14.70 36.20 43.80 0.82 2.73 South Korea Jan 1.83 0.08 9.70 7.50 9.80 0.00 1.81 Feb 1.83 0.08 9.70 7.50 9.80 0.00 1.81 Selected Other Canada Jan 2.04 14.10 1.00 8.40 14.00 1.30 1.84 Feb 2.04 14.10 1.00 8.40 14.00 1.30 1.84 China Jan 100.71 215.89 3.00 166.00 240.00 0.05 79.55 Feb 100.71 215.89 3.00 166.00 240.00 0.05 79.55 FSU-12 Jan 3.11 42.75 0.45 15.68 18.36 25.56 2.38 Feb 2.97 42.27 0.45 15.48 18.16 25.26 2.26 Ukraine Jan 1.58 25.00 0.03 3.80 5.10 20.50 1.01 Feb 1.55 24.12 0.03 3.50 4.80 20.00 0.89 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2018 WASDE - 574 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 127.78 472.96 38.33 468.11 40.34 132.63 United States 1.55 6.13 0.77 3.58 3.40 1.48 Total Foreign 126.23 466.83 37.56 464.53 36.95 131.16 Major Exporters 4/ 31.54 154.59 0.61 127.97 29.40 29.38 India 17.80 104.41 0.00 93.57 10.24 18.40 Pakistan 1.21 6.80 0.01 2.80 4.20 1.02 Thailand 11.27 15.80 0.30 9.10 9.87 8.40 Vietnam 1.26 27.58 0.30 22.50 5.09 1.56 Major Importers 5/ 11.80 63.28 12.24 76.66 0.84 9.82 Brazil 0.64 7.21 0.90 7.90 0.55 0.31 European Union 6/ 1.15 2.05 1.80 3.55 0.27 1.18 Indonesia 4.11 36.20 1.00 37.80 0.00 3.51 Nigeria 1.77 3.53 2.10 6.00 0.00 1.40 Philippines 2.41 11.00 1.60 12.90 0.00 2.11 Sel. Mideast 7/ 1.23 1.89 3.25 5.58 0.00 0.80 Selected Other 0.00 Burma 0.75 12.16 0.03 10.40 1.30 1.24 C. Amer & Carib 8/ 0.44 1.49 1.90 3.29 0.04 0.50 China 69.00 145.77 4.80 140.80 0.27 78.50 Egypt 0.92 4.00 0.10 3.90 0.20 0.92 Japan 2.82 7.67 0.71 8.60 0.05 2.55 Mexico 0.17 0.16 0.69 0.89 0.00 0.13 South Korea 1.41 4.33 0.31 4.21 0.00 1.83 2016/17 Est. Beginning Sto c ks Production Imports Total /2 Dom estic Expor ts Ending Sto c ks World 3/ 132.63 486.78 41.34 482.17 46.51 137.24 United States 1.48 7.12 0.75 4.17 3.70 1.46 Total Foreign 131.16 479.67 40.59 478.00 42.81 135.78 Major Exporters 4/ 29.38 163.60 0.76 133.88 32.92 26.94 India 18.40 110.1 5 0.00 96.78 11.22 20.55 Pakistan 1.02 6.85 0.01 3.10 3.60 1.18 Thailand 8.40 19.20 0.25 12.00 11.61 4.24 Vietnam 1.56 27.40 0.50 22.00 6.49 0.97 Major Importers 5/ 9.82 65.94 12.13 77.27 1.02 9.60 Brazil 0.31 8.38 0.70 8.10 0.65 0.64 European Union 6/ 1.18 2.07 1.83 3.65 0.32 1.12 Indonesia 3.51 36.86 0.30 37.50 0.02 3.15 Nigeria 1.40 3.65 2.50 6.20 0.00 1.35 Philippines 2.11 11.69 1.10 12.90 0.00 2.00 Sel. Mideast 7/ 0.80 1.96 4.05 5.78 0.00 1.03 Selected Other 0.00 Burma 1.24 12.65 0.01 10.10 3.20 0.60 C. Amer & Carib 8/ 0.50 1.58 1.82 3.39 0.03 0.46 China 78.50 144.95 5.30 141.45 0.81 86.50 Egypt 0.92 4.80 0.15 4.30 0.10 1.47 Japan 2.55 7.78 0.69 8.50 0.06 2.46 Mexico 0.13 0.18 0.87 0.92 0.09 0.17 South Korea 1.83 4.20 0.41 4.71 0.00 1.73 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazi l, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU -28. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. February 2018 WASDE - 574 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Jan 138.11 484.71 44.57 481.75 45.82 141.08 Feb 137.24 484.33 46.36 480.78 46.84 140.79 United States Jan 1.46 5.66 0.79 3.81 3.18 0.93 Feb 1.46 5.66 0.79 3.81 3.18 0.93 Total Foreign Jan 136.65 479.05 43.78 477.94 42.65 140.15 Feb 135.78 478.67 45.57 476.97 43.66 139.87 Major Exporters 4/ Jan 27.54 163.55 0.65 134.85 32.50 24.39 Feb 26.94 163.55 0.65 134.45 33.20 23.49 India Jan 20.55 107.50 0.00 97.75 12.00 18.30 Feb 20.55 107.50 0.00 97.55 12.50 18.00 Pakistan Jan 1.18 7.20 0.00 3.30 3.80 1.28 Feb 1.18 7.20 0.00 3.30 3.80 1.28 Thailand Jan 4.85 20.40 0.25 11.50 10.20 3.80 Feb 4.24 20.40 0.25 11.50 10.20 3.19 Vietnam Jan 0.96 28.45 0.40 22.30 6.50 1.01 Feb 0.97 28.45 0.40 22.10 6.70 1.02 Major Importers 5/ Jan 9.89 65.92 12.42 77.50 0.93 9.80 Feb 9.60 65.92 13.00 77.67 0.93 9.91 Brazil Jan 0.64 7.82 0.63 7.95 0.60 0.54 Feb 0.64 7.82 0.70 8.03 0.60 0.54 European Union 6/ Jan 1.12 2.09 1.90 3.75 0.28 1.08 Feb 1.12 2.09 1.90 3.75 0.28 1.08 Indonesia Jan 3.44 37.00 0.30 37.30 0.02 3.42 Feb 3.15 37.00 0.80 37.40 0.02 3.53 Nigeria Jan 1.35 3.65 2.60 6.40 0.00 1.21 Feb 1.35 3.65 2.60 6.40 0.00 1.21 Philippines Jan 2.00 11.97 1.30 12.90 0.00 2.37 Feb 2.00 11.97 1.30 12.90 0.00 2.37 Sel. Mideast 7/ Jan 1.03 1.96 3.85 5.95 0.00 0.88 Feb 1.03 1.96 3.85 5.95 0.00 0.88 Selected Other Burma Jan 0.60 12.95 0.01 10.20 3.00 0.36 Feb 0.60 12.95 0.01 10.00 3.30 0.26 C. Amer & Carib 8/ Jan 0.46 1.62 1.90 3.53 0.03 0.42 Feb 0.46 1.62 1.89 3.52 0.03 0.42 China Jan 86.50 146.00 5.25 142.45 1.30 94.00 Feb 86.50 146.00 5.50 142.70 1.30 94.00 Egypt Jan 1.47 4.30 0.05 4.40 0.10 1.32 Feb 1.47 4.30 0.05 4.40 0.10 1.32 Japan Jan 2.46 7.60 0.69 8.45 0.06 2.24 Feb 2.46 7.60 0.69 8.45 0.06 2.24 Mexico Jan 0.17 0.19 0.85 0.92 0.09 0.20 Feb 0.17 0.19 0.85 0.92 0.09 0.20 South Korea Jan 1.70 3.97 0.41 4.80 0.00 1.28 Feb 1.73 3.97 0.41 4.87 0.01 1.23 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports a nd exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Ph ilippines, selected Middle East, and the EU -28. 6/ Trade excludes intra -trade. 7/ Se lected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. February 2018 WASDE - 574 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2015/16 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 111.15 96.14 35.42 112.26 35.13 -0.02 95.34 United States 3.65 12.89 0.03 3.45 9.15 0.17 3.80 Total Foreign 107.50 83.25 35.39 108.81 25.98 -0.19 91.54 Major Exporters 4/ 29.72 46.55 1.77 32.48 22.81 -0.28 23.04 Central Asia 5/ 3.01 5.97 3/ 2.63 4.26 0.00 2.09 Afr. Fr. Zone 6/ 2.15 4.20 3/ 0.13 4.87 0.00 1.34 S. Hemis 7/ 10.80 9.97 0.25 4.22 7.67 -0.29 9.42 Australia 1.82 2.85 3/ 0.04 2.83 -0.15 1.96 Brazil 7.53 5.90 0.09 3.10 4.31 -0.15 6.26 India 13.49 25.90 1.07 24.75 5.76 0.00 9.94 Major Importers 8/ 75.89 34.00 31.30 72.20 2.07 0.09 66.83 Mexico 0.69 0.94 0.98 1.85 0.13 0.03 0.61 China 66.92 22.00 4.41 35.00 0.13 0.00 58.20 European Union 9/ 0.34 1.28 0.80 0.81 1.31 0.00 0.30 Turkey 1.60 2.65 4.22 6.70 0.23 0.00 1.53 Pakistan 2.89 7.00 3.30 10.30 0.25 0.03 2.62 Indonesia 0.60 0.01 2.94 3.00 0.02 0.00 0.53 Thailand 0.22 3/ 1.28 1.27 0.00 0.03 0.20 Bangladesh 1.33 0.12 6.40 6.30 0.00 0.01 1.54 Vietnam 0.68 3/ 4.50 4.40 0.00 0.00 0.78 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Use Exports Loss /2 Ending Sto c ks World 95.34 106.57 37.60 114.75 37.22 -0.12 87.66 United States 3.80 17.17 0.01 3.25 14.92 0.06 2.75 Total Foreign 91.54 89.40 37.59 111.50 22.30 -0.18 84.91 Major Exporters 4/ 23.04 50.75 3.63 31.97 19.17 -0.27 26.55 Centra l Asia 5/ 2.09 5.99 3/ 2.89 2.79 0.00 2.39 Afr. Fr. Zone 6/ 1.34 5.09 3/ 0.13 4.52 0.01 1.77 S. Hemis 7/ 9.42 12.31 0.37 4.29 7.05 -0.29 11.05 Australia 1.96 4.05 3/ 0.04 3.73 -0.15 2.39 Brazil 6.26 7.00 0.19 3.20 2.79 -0.15 7.61 India 9.94 27.00 2.74 24.00 4.55 0.00 11.13 Major Importers 8/ 66.83 35.86 31.78 75.57 2.04 0.09 56.78 Mexico 0.61 0.76 1.00 1.75 0.15 0.03 0.44 China 58.20 22.75 5.03 37.50 0.06 0.00 48.42 European Uni on 9/ 0.30 1.31 0.70 0.72 1.33 0.00 0.27 Turkey 1.53 3.20 3.68 6.50 0.33 0.00 1.58 Pakistan 2.62 7.70 2.40 10.30 0.13 0.03 2.27 Indonesia 0.53 0.01 3.39 3.30 0.01 0.00 0.62 Thailand 0.20 3/ 1.23 1.20 0.00 0.03 0.20 Bangladesh 1.54 0.13 6.70 6.70 0.00 0.01 1.66 Vietnam 0.78 3/ 5.50 5.40 0.00 0.00 0.88 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Include s Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. February 2018 WASDE - 574 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2017/18 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Jan 87.64 120.97 38.37 120.83 38.38 -0.02 87.79 Feb 87.66 121.37 38.23 120.50 38.22 -0.02 88.55 United States Jan 2.75 21.26 0.01 3.35 14.80 0.17 5.70 Feb 2.75 21.26 0.01 3.35 14.50 0.17 6.00 Total Foreign Jan 84.89 99.70 38.36 117.48 23.58 -0.20 82.09 Feb 84.91 100.11 38.22 117.15 23.72 -0.19 82.55 filler filler filler filler filler filler filler Major Exporters 4/ Jan 26.54 55.11 2.40 33.20 20.21 -0.29 30.93 Feb 26.55 54.44 2.46 32.94 20.39 -0.28 30.40 Central Asia 5/ Jan 2.39 6.32 3/ 3.23 2.50 0.00 2.98 Feb 2.39 6.32 3/ 3.20 2.75 0.00 2.76 Afr. Fr. Zone 6/ Jan 1.77 5.14 3/ 0.13 4.36 0.00 2.42 Feb 1.77 5.16 3/ 0.13 4.19 0.00 2.62 S. Hemis 7/ Jan 11.05 13.90 0.30 4.45 8.78 -0.30 12.31 Feb 11.05 14.00 0.26 4.47 8.99 -0.29 12.15 Australia Jan 2.39 4.60 3/ 0.04 4.30 -0.15 2.81 Feb 2.39 4.40 3/ 0.04 4.40 -0.15 2.51 Brazil Jan 7.61 7.80 0.13 3.40 4.10 -0.15 8.18 Feb 7.61 8.00 0.10 3.40 4.20 -0.15 8.26 India Jan 11.13 29.30 1.60 24.75 4.30 0.00 12.98 Feb 11.13 28.50 1.70 24.50 4.20 0.00 12.63 filler filler filler filler filler filler filler Major Importers 8/ Jan 56.78 41.79 33.52 80.25 2.37 0.09 49.39 Feb 56.78 42.89 33.32 80.20 2.37 0.09 50.34 Mexico Jan 0.44 1.54 0.83 1.85 0.30 0.03 0.63 Feb 0.44 1.54 0.83 1.85 0.30 0.03 0.63 China Jan 48.42 26.40 5.00 40.00 0.05 0.00 39.77 Feb 48.42 27.50 5.00 40.00 0.05 0.00 40.87 European Union 9/ Jan 0.27 1.52 0.71 0.74 1.41 0.00 0.36 Feb 0.27 1.52 0.71 0.74 1.41 0.00 0.36 Turkey Jan 1.58 4.00 3.50 7.00 0.30 0.00 1.78 Feb 1.58 4.00 3.50 7.00 0.30 0.00 1.78 Pakistan Jan 2.27 8.20 2.70 10.40 0.30 0.03 2.44 Feb 2.27 8.20 2.70 10.40 0.30 0.03 2.44 Indonesia Jan 0.62 3/ 3.50 3.45 0.01 0.00 0.67 Feb 0.62 3/ 3.50 3.45 0.01 0.00 0.67 Thailand Jan 0.20 3/ 1.25 1.20 0.00 0.03 0.23 Feb 0.20 3/ 1.05 1.05 0.00 0.03 0.18 Bangladesh Jan 1.66 0.13 7.25 7.20 0.00 0.01 1.82 Feb 1.66 0.13 7.25 7.20 0.00 0.01 1.82 Vietnam Jan 0.88 3/ 6.60 6.25 0.00 0.00 1.24 Feb 0.88 3/ 6.60 6.35 0.00 0.00 1.14 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the market ing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3 / Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countri es and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Les otho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. February 2018 WASDE - 574 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 77.73 313.77 133.33 275.31 314.35 132.55 77.92 United States 5.19 106.86 0.64 51.34 54.47 52.86 5.35 Total Foreign 72.55 206.91 132.69 223.97 259.88 79.69 72.57 Major Exporters 3/ 50.72 164.73 1.12 86.89 94.85 71.88 49.84 Argentina 31.70 56.80 0.68 43.27 47.65 9.92 31.60 Brazil 18.93 96.50 0.41 39.75 43.25 54.38 18.20 Paraguay 0.07 9.22 0.01 3.80 3.86 5.40 0.03 Major Importers 4/ 18.85 15.48 113.50 106.83 127.77 0.32 19.73 China 17.01 11.79 83.23 81.50 95.00 0.11 16.91 European Union 0.84 2.32 15.12 14.95 16.58 0.14 1.56 Japan 0.21 0.24 3.19 2.28 3.38 0.00 0.26 Mexico 0.11 0.34 4.13 4.40 4.43 0.00 0.15 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ 77.92 351.32 144.25 288.54 330.14 147.22 96.14 United States 5.35 116.92 0.61 51.68 55.51 59.16 8.21 Total Foreign 72.57 234.40 143.64 236.86 274.63 88.06 87.93 Major Exporters 3/ 49.84 185.78 1.96 88.25 96.51 79.19 61.87 Argentina 31.60 57.80 1.67 43.30 47.83 7.03 36.22 Brazil 18.20 114.10 0.25 40.90 44.55 63.14 24.86 Paraguay 0.03 10.67 0.01 3.85 3.92 6.13 0.66 Major Importers 4/ 19.73 16.80 122.51 113.24 135.92 0.39 22.73 China 16.91 12.90 93.50 88.00 102.80 0.11 20.39 European Union 1.56 2.38 13.38 14.40 16.04 0.22 1.06 Japan 0.26 0.24 3.18 2.39 3.45 0.00 0.21 Mexico 0.15 0.51 4.13 4.60 4.64 0.00 0.15 2017/18 Proj. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ Jan 96.49 348.57 150.17 301.45 344.47 152.19 98.57 Feb 96.14 346.92 150.24 300.10 343.20 151.95 98.14 United States Jan 8.21 119.52 0.68 53.07 56.83 58.79 12.79 Feb 8.21 119.52 0.68 53.07 56.83 57.15 14.42 Total Foreign Jan 88.28 229.05 149.49 248.38 287.64 93.40 85.78 Feb 87.93 227.40 149.56 247.03 286.37 94.80 83.71 Major Exporters 3/ Jan 62.23 177.92 1.93 90.74 99.15 83.90 59.04 Feb 61.87 177.72 1.93 89.58 98.07 85.70 57.76 Argentina Jan 36.42 56.00 1.70 44.84 49.45 8.50 36.17 Feb 36.22 54.00 1.70 43.68 48.42 8.50 35.00 Brazil Jan 24.86 110.00 0.20 42.00 45.70 67.00 22.36 Feb 24.86 112.00 0.20 42.00 45.65 69.00 22.41 Paraguay Jan 0.82 9.40 0.01 3.70 3.78 6.00 0.45 Feb 0.66 9.20 0.01 3.70 3.78 5.80 0.29 Major Imp orters 4/ Jan 22.73 18.20 127.25 120.68 144.56 0.40 23.23 Feb 22.73 18.20 127.30 120.72 144.60 0.40 23.24 China Jan 20.39 14.20 97.00 95.00 110.80 0.15 20.64 Feb 20.39 14.20 97.00 95.00 110.80 0.15 20.64 European Union Jan 1.06 2.50 14.00 14.50 16.15 0.20 1.21 Feb 1.06 2.50 14.00 14.50 16.15 0.20 1.21 Japan Jan 0.21 0.26 3.30 2.35 3.51 0.00 0.26 Feb 0.21 0.26 3.30 2.35 3.51 0.00 0.26 Mexico Jan 0.15 0.48 4.30 4.72 4.76 0.00 0.17 Feb 0.15 0.48 4.30 4.72 4.76 0.00 0.17 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between rep orted exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). February 2018 WASDE - 574 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.62 216.10 61.86 213.38 65.42 12.77 United States 0.24 40.53 0.37 30.04 10.84 0.24 Total Foreign 13.38 175.57 61.49 183.34 54.58 12.53 Major Exporters 3/ 8.39 68.52 0.07 23.57 46.15 7.26 Argentina 4.03 33.21 0.00 2.67 30.33 4.23 Brazil 3.81 30.75 0.03 16.27 15.41 2.91 India 0.55 4.56 0.05 4.63 0.41 0.12 Major Importers 4/ 1.96 16.43 36.57 52.49 0.51 1.94 European Union 0.66 11.81 19.21 30.84 0.30 0.53 Southeast Asia 5/ 1.24 2.89 15.64 18.20 0.21 1.36 2016/17 Est. Beginnin g Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 12.77 226.45 59.80 221.99 64.68 12.35 United States 0.24 40.58 0.32 30.25 10.52 0.36 Total Foreign 12.53 185.87 59.49 191.74 54.15 11.99 Major Exporters 3/ 7.26 72.30 0.05 24.70 47.09 7.81 Argentina 4.23 33.28 0.00 2.85 31.32 3.33 Brazil 2.91 31.66 0.04 16.84 13.76 4.00 India 0.12 7.36 0.01 5.01 2.00 0.48 Major Importers 4/ 1.94 16.19 36.00 52.32 0.53 1.28 European Union 0.53 11.38 18.86 30.24 0.33 0.20 Southeast Asia 5/ 1.36 3.01 15.51 18.65 0.20 1.03 2017/18 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Jan 12.38 236.73 63.47 233.12 67.18 12.28 Feb 12.35 235.61 63.42 233.07 67.08 11.24 United States Jan 0.36 41.82 0.27 31.12 11.07 0.27 Feb 0.36 41.82 0.27 31.12 11.07 0.27 Total Foreign Jan 12.02 194.91 63.20 202.00 56.11 12.01 Feb 11.99 193.79 63.15 201.95 56.01 10.97 Major Exporters 3/ Jan 7.81 74.12 0.04 25.99 48.25 7.74 Feb 7.81 72.99 0.04 25.99 48.15 6.70 Argentina Jan 3.33 34.42 0.00 3.06 31.20 3.50 Feb 3.33 33.47 0.00 3.06 31.20 2.55 Brazil Jan 4.00 32.50 0.03 17.48 15.25 3.80 Feb 4.00 32.50 0.03 17.48 15.25 3.80 India Jan 0.48 7.20 0.01 5.45 1.80 0.44 Feb 0.48 7.02 0.01 5.45 1.70 0.36 Major Importers 4/ Jan 1.26 16.45 37.58 53.37 0.50 1.42 Feb 1.28 16.48 37.53 53.30 0.50 1.48 European Union Jan 0.17 11.46 19.20 30.34 0.30 0.18 Feb 0.20 11.46 19.20 30.34 0.30 0.21 Southeast Asia 5/ Jan 1.05 3.22 16.63 19.51 0.20 1.19 Feb 1.03 3.25 16.58 19.44 0.20 1.22 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ Wo rld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Japan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. February 2018 WASDE - 574 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domes tic Total Exports Ending Stocks World 2/ 4.32 51.59 11.63 52.21 11.77 3.57 United States 0.84 9.96 0.13 9.15 1.02 0.77 Total Foreign 3.48 41.64 11.50 43.06 10.75 2.81 Major Exporters 3/ 0.95 18.90 0.39 11.41 8.16 0.67 Argentina 0.37 8.43 0.00 2.83 5.70 0.27 Brazil 0.38 7.63 0.07 6.29 1.55 0.24 European Union 0.20 2.84 0.33 2.29 0.92 0.16 Major Importers 4/ 1.57 15.95 6.85 22.99 0.17 1.21 China 0.78 14.61 0.59 15.35 0.10 0.52 India 0.52 1.03 4.27 5.30 0.00 0.51 North Africa 5/ 0.27 0.32 2.00 2.34 0.07 0.18 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 3.57 53.95 10.94 53.85 11.31 3.29 United States 0.77 10.02 0.15 9.00 1.16 0.78 Total Foreign 2.81 43.93 10.79 44.86 10.15 2.52 Major Exporters 3/ 0.67 18.98 0.35 11.77 7.47 0.76 Argentina 0.27 8.40 0.00 2.97 5.39 0.31 Brazil 0.24 7.85 0.06 6.59 1.24 0.32 European Union 0.16 2.74 0.29 2.21 0.84 0.14 Major Importers 4/ 1.21 17.93 5.81 23.80 0.21 0.94 China 0.52 15.77 0.71 16.35 0.12 0.54 India 0.51 1.66 3.53 5.40 0.00 0.30 North Africa 5/ 0.18 0.50 1.56 2.05 0.09 0.11 2017/18 Proj. Beginning Sto c ks Producti on Imports Dom estic Total Exports Ending Sto c ks World 2/ Jan 3.25 56.15 11.20 56.10 11.37 3.13 Feb 3.29 55.93 11.06 55.97 11.25 3.07 United States Jan 0.78 10.22 0.14 9.57 0.86 0.70 Feb 0.78 10.22 0.14 9.57 0.86 0.70 Total Foreign Jan 2.47 45.93 11.06 46.53 10.50 2.43 Feb 2.52 45.72 10.93 46.40 10.39 2.37 Major Exporters 3/ Jan 0.76 19.45 0.31 11.90 7.87 0.75 Feb 0.76 19.26 0.31 11.92 7.77 0.64 Argentina Jan 0.31 8.63 0.00 3.05 5.60 0.29 Feb 0.31 8.44 0.00 3.05 5.50 0.20 Brazil Jan 0.32 8.06 0.06 6.70 1.45 0.29 Feb 0.32 8.06 0.06 6.72 1.45 0.27 European Union Jan 0.14 2.76 0.25 2.16 0.82 0.17 Feb 0.14 2.76 0.25 2.16 0.82 0.17 Major Importers 4/ Jan 0.94 19.21 6.06 25.04 0.18 1.00 Feb 0.94 19.17 5.91 24.84 0.18 1.00 China Jan 0.54 17.02 0.50 17.40 0.10 0.56 Feb 0.54 17.02 0.50 17.40 0.10 0.56 India Jan 0.30 1.62 3.80 5.40 0.00 0.32 Feb 0.30 1.58 3.65 5.20 0.00 0.32 North Africa 5/ Jan 0.11 0.57 1.76 2.24 0.08 0.12 Feb 0.11 0.57 1.76 2.24 0.08 0.12 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tunisia. February 2018 WASDE - 574 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2016 Annual 25,221 24,941 50,387 40,696 5,981 47,226 97,613 8,565 212.4 2017 I 6,300 6,409 12,764 10,233 1,487 11,848 24,612 2,174 53.6 II 6,404 6,137 12,595 10,407 1,481 12,023 24,618 2,175 55.3 III 6,731 6,239 13,023 10,551 1,479 12,167 25,191 2,187 53.5 IV 6,738 6,796 13,591 10,468 1,532 12,135 25,725 2,222 53.1 Annual Jan Est. 26,175 25,585 51,978 41,591 5,987 48,113 100,091 8,756 215.5 Feb Est. 26,173 25,581 51,972 41,659 5,979 48,173 100,145 8,758 215.4 2018 I* 6,570 6,595 13,220 10,475 1,465 12,073 25,293 2,205 54.2 II* 7,175 6,440 13,667 10,675 1,470 12,285 25,952 2,215 56.1 III* 6,885 6,580 13,518 10,800 1,490 12,430 25,948 2,240 54.2 IV* 7,095 7,270 14,421 10,650 1,545 12,330 26,751 2,285 54.2 Annual Jan Proj. 27,760 26,960 54,940 42,450 6,000 48,998 103,938 8,955 218.8 Feb Proj. 27,725 26,885 54,826 42,600 5,970 49,118 103,944 8,945 218.7 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, por k, veal and lamb & mutton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/ doz. Dol./cwt 2016 Annual 120.86 46.16 84.3 117.1 85.7 16.30 2017 I 122.96 49.73 88.5 100.4 80.0 18.23 II 132.76 51.70 104.7 99.1 74.7 16.83 III 112.46 55.59 94.9 96.9 102.1 17.70 IV 117.88 44.89 86.1 88.0 147.0 17.73 Annual Jan Est. 121.52 50.48 93.5 96.1 100.9 17.65 Feb Est. 121.52 50.48 93.5 96.1 100.9 17.63 2018 I* 122-126 49-51 93-95 79-81 133-137 15.45 -15.75 II* 117-125 49-53 92-98 87-93 101-107 15.20 -15.80 III* 110-120 47-51 84-92 91-99 106-114 15.55 -16.45 IV* 112-122 40-44 83-89 96-104 115-125 16.60 -17.60 Annual Jan Proj. 114-122 46-49 87-94 88-94 101-108 15.80 -16.60 Feb Proj. 116-123 47-49 88-94 88-94 114-121 15.70 -16.40 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. February 2018 WASDE - 574 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2016 683 25,288 3,015 28,986 2,556 757 25,673 55.6 2017 Est. Jan 757 26,242 2,976 29,975 2,875 680 26,420 56.8 Feb 757 26,240 2,994 29,991 2,862 651 26,478 56.9 2018 Proj. Jan 680 27,827 3,030 31,537 2,985 715 27,837 59.4 Feb 651 27,792 3,030 31,473 3,025 700 27,748 59.2 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2016 590 24,956 1,091 26,637 5,239 507 20,891 50.1 2017 Est. Jan 507 25,601 1,113 27,221 5,623 550 21,048 50.2 Feb 507 25,597 1,116 27,220 5,632 555 21,033 50.1 2018 Proj. Jan 550 26,976 1,000 28,526 5,900 660 21,966 52.0 Feb 555 26,901 1,000 28,456 5,900 660 21,896 51.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2016 1,320 50,480 4,322 56,123 7,801 1,304 47,018 106.9 2017 Est. Jan 1,304 52,071 4,342 57,717 8,505 1,274 47,938 108.2 Feb 1,304 52,065 4,362 57,731 8,500 1,249 47,982 108.3 2018 Proj. Jan 1,274 55,033 4,284 60,591 8,893 1,419 50,279 112.7 Feb 1,249 54,919 4,284 60,452 8,933 1,402 50,117 112.3 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2016 832 40,261 131 41,224 6,644 778 33,802 89.8 2017 Est. Jan 778 41,146 125 42,049 6,783 885 34,381 90.7 Feb 778 41,213 126 42,117 6,780 855 34,483 91.0 2018 Proj. Jan 885 41,996 130 43,011 6,910 830 35,271 92.4 Feb 855 42,144 130 43,129 6,950 830 35,349 92.6 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2016 201 5,981 50 6,232 569 279 5,384 16.6 2017 Est. Jan 279 5,987 25 6,291 623 325 5,343 16.4 Feb 279 5,979 24 6,282 621 311 5,350 16.4 2018 Proj. Jan 325 6,000 32 6,357 655 300 5,402 16.5 Feb 311 5,970 32 6,313 645 300 5,368 16.4 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2016 1,041 46,790 184 48,015 7,372 1,065 39,578 107.6 2017 Est. Jan 1,065 47,668 153 48,886 7,539 1,216 40,131 108.4 Feb 1,065 47,727 154 48,945 7,531 1,170 40,244 108.7 2018 Proj. Jan 1,216 48,543 166 49,925 7,710 1,138 41,077 110.1 Feb 1,170 48,662 166 49,998 7,740 1,138 41,120 110.2 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Filler Fil ler Red Meat & Poultry 2016 2,361 97,270 4,506 104,137 15,173 2,369 86,596 214.6 2017 Est. Jan 2,369 99,739 4,495 106,603 16,044 2,490 88,069 216.6 Feb 2,369 99,792 4,515 106,676 16,032 2,419 88,225 217.0 2018 Proj. Jan 2,490 103,576 4,450 110,516 16,603 2,557 91,356 222.8 Feb 2,419 103,581 4,450 110,450 16,673 2,540 91,237 222.6 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds , retail- weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready -to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Br oilers, turkeys and mature chicken. February 2018 WASDE - 574 - 33 U.S. Egg Supply and Use Commodity 2015 2016 2017 Est. 2017 Est. 2018 Proj. 2018 Proj. Jan Feb Jan Feb Eggs Million Dozen Supply Beginning Stocks 23.3 31.1 27.1 27.1 20.0 22.8 Production 8,053.0 8,565.0 8,756.3 8,758.3 8,955.0 8,945.0 Imports 123.5 121.9 32.4 32.3 40.0 40.0 Total Supply 8,199.8 8,718.0 8,815.8 8,817.7 9,015.0 9,007.8 Use Exports 313.6 279.0 323.0 321.1 320.0 320.0 Hatching Use 995.6 1,009.6 1,033.7 1,034.4 1,050.0 1,050.0 Ending Stocks 31.1 27.1 20.0 22.8 27.0 27.0 Disappearance Total 6,859.4 7,402.3 7,439.1 7,439.4 7,618. 0 7,610.8 Per Capita (number) 256.3 274.7 274.2 274.2 278.9 278.6 Total U.S. Milk Supply and Use Commodity 2015 2016 2017 Est. 2017 Est. 2018 Proj. 2018 Proj. Jan Feb Jan Feb Milk Billion Pounds Production 208.6 212.4 215.5 215.4 218.8 218.7 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 10.5 12.3 12.7 12.7 13.6 13.5 Marketings 207.6 211.4 214.5 214.4 217.8 217.7 Imports 5.8 7.0 6.0 6.0 6.0 6.0 Total Cml. Supply 223.9 230.8 233.3 233.2 237.4 237.3 Fat Basis Use Commercial Exports 8.5 8.4 9.3 9.3 9.5 9.5 Ending Commercial Stocks 12.3 12.7 13.6 13.5 12.8 12.9 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 203.0 209.7 210.4 210.4 215.1 214.9 Skim-solid Basis Supply Beg. Commercial Stocks 9.4 9.2 9.5 9.5 12.2 11.9 Marketings 207.6 211.4 214.5 214.4 217.8 217.7 Imports 6.0 6.5 6.0 6.1 5.9 6.0 Total Cml. Supply 223.1 227.1 230.1 230.0 236.0 235.7 Skim -solid Basis Use Commercial Exports 37.3 39.0 40.4 40.8 42.0 42.5 Ending Commercial Stocks 9.2 9.5 12.2 11.9 11.6 11.6 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 176.6 178.5 177.4 177.3 182.4 181.6 Total Note: Totals may not add due to rounding. February 2018 WASDE - 574 - 34 U.S. Dairy Prices Commodity 2015 2016 2017 Est. 2017 Est. 2018 Proj. 2018 Proj. Jan Feb Jan Feb Product Prices 1/ Dollars Per Pound Cheese 1.6454 1.6050 1.6344 1.6344 1.535 - 1.615 1.530 - 1.600 Butter 2.0670 2.0777 2.3303 2.3303 2.245 - 2.355 2.195 - 2.295 Nonfat Dry Milk 0.9016 0.8292 0.8666 0.8666 0.715 - 0.775 0.715 - 0.775 Dry Whey 0.3804 0.2875 0.4437 0.4437 0.270 - 0.300 0.270 - 0.300 Fil ler Dollars Per Cwt Milk Pric es 2/ Class III 15.80 14.87 16.17 16.17 14.25 - 15.05 14.20 - 14.90 Class IV 14.35 13.77 15.16 15.16 13.55 - 14.45 13.35 - 14.15 All Milk 3/ 17.13 16.30 17.65 17.63 15.80 - 16.60 15.70 - 16.40 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . February 2018 WASDE - 574 - 35 Reliability of F ebruary Projections 1/ Note: Tables on pages 35 -37 present a record of the February projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecas t will not be above or below the final estimate by more than 0.6 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 1 percent. The average difference between the February projection and t he final estimate is 2.4 million tons, ranging from 0 million to 7.3 million tons. The February projection has been below the estimate 27 times and above 9 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 0.6 1.0 2.4 0.0 7.3 27 9 U.S. 0.2 0.3 0.1 0.0 0.3 15 10 Foreign 0.7 1.1 2.4 0.0 7.3 27 9 Exports World 4.8 8.2 4.9 0.1 18.8 28 8 U.S. 3.9 6.6 1.0 0.0 3.0 19 16 Foreign 5.9 9.9 4.7 0.5 18.4 31 5 Domestic Use World 1.0 1.8 4.7 0.1 15.6 16 20 U.S. 3.9 6.6 0.9 0.0 2.4 12 23 Foreign 1.1 1.8 4.4 0.1 15.1 20 16 Ending Stocks World 4.6 7.9 5.5 0.1 18.2 24 12 U.S. 8.5 14.4 1.3 0.0 4.5 24 12 Foreign 5.2 8.8 4.9 0.3 17.0 23 13 COARSE GRAINS 2/ Production World 1.3 2.1 10.4 0.0 36.3 29 7 U.S. 0.2 0.3 0.1 0.0 1.3 17 7 Foreign 1.8 3.0 10.5 0.0 36.3 27 8 Exports World 6.0 10.2 5.8 0.5 27.7 29 7 U.S. 10.2 17.3 3.8 0.1 12.2 18 18 Foreign 9.6 16.4 5.3 0.1 23.4 26 10 Domestic Use World 1.1 1.9 7.7 0.1 31.3 18 18 U.S. 3.0 5.0 4.0 0.2 17.3 13 23 Foreign 1.3 2.2 7.4 0.5 33.0 23 13 Ending Stocks World 9.4 16.0 11.8 0.2 29.9 31 5 U.S. 14.0 23.8 5.0 0.0 18.5 19 17 Foreign 11.7 19.8 9.5 0.8 28.2 31 5 RICE, milled Production World 1.6 2.7 4.3 0.1 14.0 28 8 U.S. 1.5 2.6 0.1 0.0 0.3 12 6 Foreign 1.6 2.7 4.3 0.1 14.0 28 8 Exports World 8.6 14.7 1.5 0.0 5.2 28 8 U.S. 7.3 12.5 0.2 0.0 0.6 19 15 Foreign 9.6 16.3 1.5 0.0 5.0 27 9 Domestic Use World 1.3 2.2 3.4 0.2 13.3 23 13 U.S. 7.1 12.0 0.2 0.0 0.4 14 22 Foreign 1.3 2.3 3.4 0.1 13.0 23 13 Ending Stocks World 9.3 15.7 4.8 0.2 27.0 29 7 U.S. 19.5 33.1 0.2 0.0 0.5 20 16 Foreign 9.5 16.1 4.8 0.0 26.9 29 6 1/ Footnotes at end of table. CONTINUED February 2018 WASDE - 574 - 36 Reliability of February Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 2.8 4.7 4.3 0.4 15.3 22 14 U.S. 1.3 2.3 0.6 0.0 2.5 15 15 Foreign 4.7 8.0 4.4 0.3 14.9 23 13 Exports World 6.3 10.6 2.8 0.1 12.0 24 12 U.S. 7.3 12.4 1.7 0.2 6.7 24 12 Foreign 15.8 26.9 2.5 0.0 11.6 17 19 Domestic Use World 2.3 3.8 3.0 0.0 10.9 20 16 U.S. 3.0 5.2 1.1 0.0 3.0 24 12 Foreign 2.7 4.6 2.6 0.0 12.5 20 16 Ending Stocks World 14.5 24.6 4.0 0.0 19.3 20 16 U.S. 41.7 70.7 2.0 0.1 6.9 10 26 Foreign 15.9 27.1 3.5 0.2 19.1 23 13 COTTON Million 480 -Pound Bales Production World 2.4 4.1 1.8 0.0 5.4 26 10 U.S. 1.0 1.7 0.1 0.0 0.3 14 21 Foreign 2.9 4.9 1.8 0.1 5.7 26 10 Exports World 5.6 9.6 1.4 0.0 7.9 23 13 U.S. 10.3 17.5 0.7 0.0 2.2 20 15 Foreign 7.2 12.1 1.2 0.1 7.2 22 14 Domestic Use World 2.3 3.9 1.7 0.3 6.5 19 17 U.S. 4.6 7.7 0.2 0.0 0.9 22 13 Foreign 2.3 4.0 1.6 0.4 6.3 20 16 Ending Stocks World 9.5 16.1 3.3 0.0 8.9 22 13 U.S. 20.2 34.2 0.7 0.0 2.1 11 25 Foreign 10.4 17.7 3.3 0.1 9.3 24 12 1/ Marketing years 1981/82 through 2016/17 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 t hrough 2016/17. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. February 2018 WASDE - 574 - 37 Reliability of United States February Projections 1/ Differences between forecast and final estim ate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 0.2 0.3 3 0 41 2 2 Exports 10.7 18.2 137 9 384 16 20 Domestic Use 2.9 4.9 136 7 474 15 21 Ending Stocks 16.0 27.1 198 8 838 21 15 SORGHUM Production 0.1 0.2 0 0 4 0 2 Exports 15.0 25.5 26 0 97 24 10 Domestic Use 14.3 24.3 31 1 178 15 21 Ending Stocks 42.3 71.8 25 1 148 12 24 BARLEY Production 0.8 1.3 1 0 11 16 4 Expor ts 21.6 36.7 6 0 35 12 21 Domestic Use 5.8 9.9 15 0 70 15 19 Ending Stocks 11.7 19.9 12 0 52 24 11 OATS Production 0.3 0.6 0 0 2 4 4 Exports 51.8 87.9 1 0 3 7 8 Domestic Use 4.6 7.8 11 1 36 15 21 Ending Stocks 16.8 28.4 12 1 47 20 16 SOYBEAN MEA L Thousand Short Tons Production 2.9 4.9 810 35 2,340 27 9 Exports 9.2 15.7 578 1 2,250 28 8 Domestic Use 2.6 4.5 568 7 2,066 21 15 Ending Stocks 35.4 60.1 63 0 214 15 19 SOYBEAN OIL Million Pounds Production 2.9 4.8 379 7 1,173 25 11 Exports 21.9 37.2 273 25 1,025 20 16 Domestic Use 3.0 5.2 372 0 1,261 23 12 Ending Stocks 19.3 32.8 277 25 1,131 21 15 ANIMAL PROD. Million Pounds Beef 2.9 4.9 582 9 1,613 24 11 Pork 3.0 5.2 374 10 1,717 22 13 Broilers 1.6 2.8 351 16 1,011 22 13 Turkeys 2.9 4.9 121 2 465 19 16 Million Dozen Eggs 1.8 3.1 96 6 525 21 14 Billion Pounds Milk 1.3 2.3 1.5 0.0 5.7 18 13 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2016/17 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2016/17. Calendar years 1982 through 2016 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2016. WASDE -574-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analys is used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 United States Department of Agriculture Agricultural Outlook Forum February 22-23, 2018 Crystal Gateway Marriott Hotel Arlington, Virginia www.usda.gov/oce/forumtHe Roots of PRospeRity USDA’s 94th Annual WASDE Notification System Subscribers are notified through GovDelivery when the monthly World Agricultural Supply and Demand Estimates (WASDE) report is available. Previous WASDE reports are available at http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1194 For questions contact: Susan Carter at 202- 720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE -574 – February 8, 2018 WASDE Briefing Slides : The briefing slides which accompany today’s WASDE report will be available at http://www.usda.gov/oce/c ommodity/wasde/ Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e -mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu. Select the “Reports by E -Mail” bar to sign up. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 633 Approved by the World Agricultural Outlook Board February 8, 2023 WHEAT: The supply and demand outlook for 2022/23 U.S. wheat is largely unchanged this month with minor revisions to domestic use and ending stocks. Food use is lowered 2 million bushels to 975 million, which still is a record. The decrease is based on the NASS Flour Millings Products report, indicating a 2 percent reduction in wheat ground for flour for the October -December quarter compared to a year earlier. Seed use is raised 1 million bushels to 70 million, based primarily on NASS seed use data for the Septe mber -November quarter. Wheat exports are unchanged at 775 million tons with offsetting by -class changes. Projected 2022/23 ending stocks are raised 1 million bushels to 568 million. The 2022/23 season-average farm price is forecast $0.10 per bushel lower at $9.00, based on prices received to date and expectations for cash prices for the remainder of 2022/23. The global wheat outlook for 2022/23 is for increased supplies, consumption, trade, and stocks. Supplies are raised 2.4 million tons to 1,060.5 mi llion, primarily on higher production for Australia and Russia. Australia production is raised 1.4 million tons to 38.0 million, which would be a third consecutive record. The majority of the increase is for Western Australia based on harvest receivals t o date. Russia production is raised 1.0 million tons to 92.0 million on larger spring wheat harvested area. Global consumption is increased 1.4 million tons to 791.2 million, mainly on higher feed and residual use by Canada, EU, and Russia more than offs etting lower food, seed, and industrial use by Bangladesh. World trade is raised 1.3 million tons to 212.9 million on higher exports by Australia, Ukraine, EU, and Russia more than offsetting reduced exports by Canada. Projected 2022/23 ending stocks are raised 0.9 million tons to 269.3 million on increases for Australia and China more than offsetting a reduction for Ukraine. However, ending stocks still remain the lowest since 2016/17. COARSE GRAINS: This month’s 2022/23 U.S. corn outlook is for lower corn used for ethanol and larger ending stocks. Corn used for ethanol is reduced 25 million bushels, based on data through December from the Grain Crushings and Co- Products Production report and weekly ethanol production data as reported by the Energy Information Administration for the month of January. With no other use changes, U.S. corn ending stocks are up 25 million bushels from last month. The season- average corn price received by producers is unchanged at $6.70 per bushel. Global coarse grain production for 2022/23 is forecast 3.6 million tons lower to 1,442.8 million. This month’s foreign coarse grain outlook is for reduced production, consumption, and ending stocks relative to last month. Foreign corn production is down, with a decline for Argentina partially offset by increases for the Philippines and Vietnam. For Argentina, production is cut based on reductions to both area and yield. Foreign barley production is raised refle cting increases for Russia, Australia, and Uruguay. WASDE- 633-2 Major global trade changes for 2022/23 include higher projected corn exports for Brazil, Ukraine, Paraguay, Turkey, and Indonesia, with a reduction for Argentina. For 2021/22, Argentina’s exports for the marketing year beginning in March 2022 are lowered based on observed shipments to date, while Brazil is raised. Corn imports for 2022/23 are increased for the EU, with partly offsetting reductions for Indonesia and Malaysia. Sorghum imports are lowered f or China, reflecting export cuts for Argentina and the United States. Foreign corn ending stocks are down relative to last month, with declines for Ukraine and Indonesia that are partly offset by increases for Brazil and Canada. Global corn ending stocks, at 295.3 million tons, are down 1.1 million. RICE : This month’s outlook for 2022/23 U.S. rice is for lower supplies, unchanged domestic use, smaller exports, and slightly larger ending stocks. Total imports are lowered 3.0 million cwt to 42.0 million with reductions to the long -grain and medium - and short -grain import forecasts. Import forecasts for all rice and both classes of rice remain record highs and total supplies are the lowest since 2003/04. In contrast, total exports are forecast down 4.0 m illion cwt to 62.0 million, the lowest level since 1985/86, as high U.S. prices continue to limit sales. Long- grain exports are lowered 2.0 million cwt to 47.0 million, on weak sales and shipments to date, particularly rough rice to Mexico. Medium - and s hort-grain rice exports are lowered 2.0 million cwt to 15.0 million on tight supplies, weak sales to date, and expectations regarding shipments for the remainder of the year. Projected 2022/23 all rice ending stocks are increased 1.0 million cwt to 33.1 million, but still down 17 percent from last year. The season- average farm price (SAFP) for long- grain rice is raised $0.20 per cwt to $16.90, while the SAFPs for southern and California medium - and short -grain rice were unchanged. The higher long- grain SAFP raised the all rice average farm price to $19.40 per cwt, up 20 cents. The 2022/23 global outlook this month is for slightly larger supplies, modestly lower trade, increased consumption, and lower ending stocks. Global 2022/23 rice supplies are increased by 0.2 million tons to 686.3 million. Total trade is forecast to decline 0.3 million tons to 54.1 million, a s reductions for Vietnam, Thailand, Pakistan, and the United States more than offset an increase for India. Total exports in the first three months of India’s marketing year were larger than a year earlier and demand for rice from India remains strong despite its export restrictions. India’s exports are raised 1.0 million tons to 21.5 million, slightly below last year’s record. Exports from Vietnam are forecast 0.6 million tons lower to 6.8 million due to lower production reducing exportable supplies. Global consumption is raised 1.1 million tons to 517.2 million as increases in China and Bangladesh more than offset a decrease for Indonesia. World ending stocks are lowered 0.9 million tons to 169.1 million, 8 percent lower than global ending stocks in 2021/22. OILSEEDS : This month’s 2022/23 U.S. soybean outlook is for lower soybean crush and higher ending stocks. Soybean crush is forecast at 2.23 billion bushels, down 15 million from last month on lower domestic soybean meal disappearance and a higher soybean meal extraction rate. With soybean exports unchanged, ending stocks are forecast at 225 million bushels, up 15 million. The U.S. season -average soybean price for 2022/23 is forecast at $14.30 per bushel, up 10 cents from last month. The soybean meal price is forecast at $450.00 per short ton, up 25 dollars. The soybean oil price forecast is unchanged at 68.0 cents per pound. WASDE- 633-3 Global 2022/23 soybean supply and demand forecasts include lower production, crush, and ending stocks. Global production is reduced 5.0 million tons to 383.0 million on lower crops for Argentina and Ukraine. Argentina’s crop is reduced 4.5 million tons to 41.0 million on lower area and dry weather conditions impacting yields. Ukraine’s crop is down 0.4 million tons on lower reported area harvested. Global soybean exports are nearly unchanged, with lower exports for Argentina offset by higher shipments for Paraguay and Brazil. Soybean imports are increased for Argentina while down for the EU. EU imports are reduce d on the pace to date and higher imports of rapeseed and sunflowerseed. Pakistan’s imports are also down due to restrictions on import licenses of genetically engineered soybeans. Global oilseed crush is reduced 3.4 million tons mainly on lower crush for China, Pakistan, and Argentina. China’s crush is lowered on slower -than-expected pace to date. Pakistan’s crush is reduced on lower available supplies. Argentina’s crush is lowered leading to reduced soybean meal and oil shipments. Global soybean endi ng stocks are reduced 1.5 million tons to 102.0 million, with lower South American stocks partly offset by higher stocks for China. SUGAR: U.S. sugar supply for 2022/23 is decreased 10,135 short tons, raw value (STRV) from last month as a reduction in sugar production more than offsets small increases in beginning stocks and imports. Louisiana sugar production is reduced by 82,858 STRV to 2.030 million. With the sugar campaign ended, USDA contacted mills regarding final crop year production. Mills confirmed that yields were off from earlier USDA estimates due to the freeze in late December. Cane sugar production in Florida is increased by 24,292 STRV to 2.014 million but is decreased in Texas by 9,790 STRV to 87,182. Both of these changes are from processors’ forecasts in the Sweetener Market Data (SMD). Beet sugar production is increased by 51,898 STRV to 5.100 million. Based on sugar production data for August through December in the SMD, USDA increases its projection of sucrose recovery from 15.000 to 15.204 percent. Cumulative sucrose recovery for the 5 months is estimated at 15.433 percent. This estimate is statistically close to full season recovery, but USDA is exercising some caution in recognition of statistical variance. Even so, five -month averages in all major regions (Red River Valley, Michigan, Great Plains, and Pacific Northwest) exceed 10-year averages. (Processors in SMD are more optimistic forecasting national recovery at 15.592 percent.) The increase due to the higher recovery rate is offset partially by a 10,000 STRV reduction in August -September 2023 production due to the closure of the beet facility in Sidney, Montana. Imports are increased by 4,725 STRV due to an upward revision of raw sugar imports from the 2021/22 TRQ entering in December. With no change in use, the supply changes flow into ending stocks , now projected at 1.874 million STRV for an ending stocks- to-use ratio of 14.8 percent. The 2022/23 Mexico supply and use is virtually unchanged from last mont h. USDA still projects production at 5.900 million metric tons (MT). Most factories started late this season, but most have caught up on harvested area from the perspective of the previous 9 campaigns and from the level predicted by CONADESUCA in its pre- season production estimate. There still are significant variations amongst mills, especially those producing refinado sugar. Cumulative sugarcane yields and sucrose recovery through January 28 are still far below corresponding historical levels through the same date and below CONADESUCA forecast. We are soon to enter the period in which USDA forecasting based on to- date progress has enough statistical validity for updating the USDA projection. WASDE- 633-4 LIVESTOCK, POULTRY, AND DAIRY : Red meat, poultry, and egg supply and use estimates for 2022 are adjusted to reflect reported December production, ending stock, and trade data. For 2023, the beef production forecast is raised from last month. Slaughter is raised for the first quarter b ut is partly offset by lower carcass weights as cow slaughter is larger than previously forecast. For the second quarter, steer and heifer slaughter is lowered as fourth-quarter 2022 placements were lower than expected, implying fewer animals available for marketing in the second quarter. Lower fed cattle slaughter, coupled with lower average carcass weights , more than offsets higher expected cow slaughter. Pork production is lowered on slightly lighter first -half carcass weights. Broiler production is reduced for the first three quarters based on recent hatchery data and the current pace of slaughter. Turkey production is unchanged. Egg production is reduced slightly on recent layer flock data and slower -than-expected production growth in December 2022. Beef imports for 2023 are raised for the year with a higher first -quarter forecast partially offset by lower second -quarter imports. The beef export forecast and the pork trade projections are unchanged. Broiler imports and turkey exports are both lowered. Egg imports are projected higher. For 2023, cattle prices are raised on expected strength in first -half demand for fed cattle in the face of tightening feedlot numbers. Hog prices are lowered for first -half 2023 reflecting current price movements. First- half broiler prices are projected lower on weaker -than- expected prices thus far in 2023. Egg prices for the first quarter are raised on recent prices. Milk supply and use estimates for 2022 are adjusted to reflect reported December production, ending stock, and trade data . For 2023 , milk production is forecast lower as weaker milk prices are expected to result in lower cow inventories. The Cattle report estimated that the January 1, 2023 dairy cow inventory was only fractionally above 2022 and t hat producers were retaining about 2 percent fewer heifers for addition to the dairy herd. Output per cow is also reduced slightly. On both fat- and skim -solids bases, imports for 2023 are raised on higher cheese and milk protein containing products , while exports are reduced on lower sales of skim milk powder, cheese, and several other products . Prices are lowered for cheese as stocks remain relatively large and domestic demand is expected to remain generally soft. Butter prices are unchanged as higher early -year prices are offset by weaker prices later in the year. Nonfat dry milk powder and whey prices are lowered on expectations of increased export competition and somewhat softer international demand. Both Class III and Class IV prices are lowered from last month, reflecting lower product price forecast s, and the all milk price is reduced to 20.70 per cwt. COTTON : The 2022/23 U.S. cotton supply and demand forecasts show slightly lower mill use and higher ending stocks relative to last month, while production and exports are unchanged. The mill use forecast is lowered 100,000 bales to 2.1 million on recent lower rates of monthly utilization. The upland cotton marketing year average price received by producers is projected at 83 cents per pound, unchanged from January. WASDE- 633-5 World 2022/23 cotton ending stocks are 850,000 bales lower this month as expected output falls 1 million bales and consumption is projected 190,000 lower. India’s crop is reduced 1 million bales as a continued slow pace of market arrivals tempers previous optimism, and Franc Zone production is 600,000 bales lower this month due to insect damage this season. China’s crop is raised 500,000 bales on a record pace of Xinjiang inspections in January, and Pakistan’s is ra ised 200,000 bales on favorable arrivals data. World 2022/23 consumption is 200,000 bales lower this month as a 500,000- bale increase for China is more than offset by reduced expectations for Indonesia, Pakistan, the United States, and Vietnam. World tra de is projected 1.3 million bales lower, with prospective imports lower for Pakistan, Indonesia, Egypt, and Bangladesh, and prospective exports lower for India, Brazil, Cote d’Ivoire, Benin, and Egypt. Approved by the Secretary of Agriculture and by the Chairman of the World Agricultural Outlook Board, Mark Jekanowski, (202) 720- 6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: SETH MEYER SECRETARY OF AGRICULTURE DESIGNATE WASDE- 633-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone, ICEC Chair, WAOB, [email protected] Andrew Sowell, ERS; Rachel Trego, FAS; Bruce McWilliams, FPAC. Rice: Mark Simone, ICEC Chair, WAOB, mark.simone@ usda.gov Nathan Childs, ERS; Rachel Trego, FAS. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Todd Hubbs, ERS; Kevin Min, FAS; Jacob Vuillemin, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Maria Bukowski, ERS; Agata Kingsbury , FAS; Gustavo Ferreira, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; Graham Soley, FAS; Kent Lanclos, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Vida Abadam, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; John Brower, FAS; Georgi Gabrielyan, F PAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Grace Grossen, ERS; Claire Mezoughem, FAS; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Angel Teran, ERS; Jeffery Dwyer, FAS; Georgi Gabrielyan, FPAC. In 2023 the WASDE report will be released on Mar 8, Apr 11, May 12, Jun 9, Jul 12, Aug 11, Sep 12, Oct 12, Nov 9, and Dec 8. WASDE- 633-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Production .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 February 2023 WASDE - 633 - 8 World and U.S . Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2020/21 2725.36 3543.42 488.10 2741.97 801.44 2021/22 (Est.) 2796.48 3597.93 511.67 2804.28 793.65 filler filler filler filler filler 2022/23 (Proj.) Jan 2730.64 3523.66 484.77 2762.97 760.69 2022/23 (Proj.) Feb 2729.54 3523.20 488.24 2763.20 760.00 filler filler filler filler filler Wheat 2020/21 774.55 1072.77 203.33 782.71 290.06 2021/22 (Est.) 779.33 1069.39 202.86 792.69 276.70 filler filler filler filler filler 2022/23 (Proj.) Jan 781.31 1058.13 211.62 789.74 268.39 2022/23 (Proj.) Feb 783.80 1060.50 212.95 791.16 269.34 filler filler filler filler filler Coarse Grains 5/ 2020/21 1441.49 1778.77 233.60 1455.83 322.94 2021/22 (Est.) 1502.36 1825.30 252.12 1491.69 333.61 filler filler filler filler filler 2022/23 (Proj.) Jan 1446.36 1779.45 218.81 1457.13 322.32 2022/23 (Proj .) Feb 1442.77 1776.38 221.24 1454.85 321.53 filler filler filler filler filler Rice, milled 2020/21 509.33 691.88 51.16 503.44 188.44 2021/22 (Est.) 514.80 703.24 56.70 519.89 183.34 filler filler filler filler filler 2022/23 (Proj.) Jan 502.97 686.08 54.34 516.10 169.98 2022/23 (Proj.) Feb 502.98 686.32 54.05 517.19 169.13 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2020/21 429.86 516.87 107.23 351.24 58.40 2021/22 (Est.) 448.60 513.38 94.85 360.68 57.85 filler filler filler filler filler 2022/23 (Proj.) Jan 408.46 474.49 74.77 349.26 50.46 2022/23 (Proj.) Feb 408.46 474.41 74.39 348.85 51.18 filler filler filler filler filler Wheat 2020/21 49.75 80.46 27.05 30.41 23.00 2021/22 (Est.) 44.80 70.40 21.78 29.61 19.01 filler filler filler filler filler 2022/23 (Proj.) Jan 44.90 67.18 21.09 30.65 15.44 2022/23 (Proj.) Feb 44.90 67.18 21.09 30.62 15.47 filler filler filler filler filler Coarse Grains 5/ 2020/21 372.89 427.19 77.21 315.97 34.01 2021/22 (Est.) 397.71 434.32 70.46 326.28 37.58 filler filler filler filler filler 2022/23 (Proj.) Jan 358.47 399.53 51.58 313.95 34.00 2022/23 (Proj.) Feb 358.47 399.55 51.33 313.56 34.66 filler filler filler filler filler Rice, milled 2020/21 7.22 9.22 2.97 4.86 1.39 2021/22 (Est.) 6.08 8.67 2.61 4.80 1.26 filler filler filler filler filler 2022/23 ( Proj.) Jan 5.09 7.78 2.10 4.67 1.02 2022/23 (Proj.) Feb 5.09 7.69 1.97 4.67 1.05 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). February 2023 WASDE - 633 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2020/21 2,295.50 3,026.55 380.87 2,390.73 743.04 2021/22 (Est.) 2,347.89 3,084.55 416.83 2,443.60 735.80 filler filler filler filler filler 2022/23 (Proj.) Jan 2,322.18 3,049.17 410.00 2,413.71 710.23 2022/23 (Proj.) Feb 2,321.08 3,048.78 413.85 2,414.35 708.82 filler filler filler filler filler Wheat 2020/21 724.80 992.31 176.29 752.30 267.06 2021/22 (Est.) 734.53 998.99 181.08 763.08 257.69 filler filler filler filler filler 2022/23 (Proj.) Jan 736.41 990.95 190.53 759.09 252.95 2022/23 (Proj.) Feb 738.90 993.32 191.85 760.55 253.87 filler filler filler filler filler Coarse Grains 5/ 2020/21 1,068.60 1,351.58 156.39 1,139.86 288.93 2021/22 (Est.) 1,104.65 1,390.99 181.66 1,165.42 296.03 filler filler filler filler filler 2022/23 (Proj.) Jan 1,087.89 1,379.92 167.23 1,143.18 288.32 2022/23 (Proj.) Feb 1,084.30 1,376.83 169.91 1,141.29 286.87 filler filler filler filler filler Rice, milled 2020/21 502.10 682.66 48.19 498.58 187.05 2021/22 (Est.) 508.71 694.57 54.09 515.10 182.08 filler filler filler filler filler 2022/23 (Proj.) Jan 497.88 678.30 52.24 511.43 168.96 2022/23 (Proj.) Feb 497.88 678.63 52.08 512.52 168.08 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grain s. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2020/21 111.49 209.90 48.78 123.18 86.70 2021/22 (Est.) 115.71 202.41 42.86 117.34 85.24 filler filler filler filler filler 2022/23 (Proj.) Jan 115.40 200.74 41.66 110.85 89.93 2022/23 (Proj.) Feb 114.37 199.61 40.38 110.66 89.08 filler filler filler filler filler United States 2020/21 14.61 21.86 16.35 2.40 3.15 2021/22 (Est.) 17.52 20.68 14.62 2.55 3.75 filler filler filler filler filler 2022/23 (Proj.) Jan 14.68 18.44 12.00 2.20 4.20 2022/23 (Proj.) Feb 14.68 18.44 12.00 2.10 4.30 filler filler filler filler filler Foreign 4/ 2020/21 96.89 188.04 32.42 120.78 83.55 2021/22 (Est.) 98.19 181.73 28.24 114.79 81.49 filler filler filler filler filler 2022/23 (Proj.) Jan 100.72 182.30 29.66 108.65 85.73 2022/23 (Proj.) Feb 99.69 181.17 28.38 108.56 84.78 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. February 2023 WASDE - 633 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2020/21 607.76 719.51 192.03 508.91 115.37 2021/22 (Est.) 606.79 722.16 178.64 509.33 117.52 filler filler filler filler filler 2022/23 (Proj.) Jan 641.94 759.04 196.97 532.52 122.18 2022/23 (Proj.) Feb 636.72 754.24 198.03 529.54 119.18 filler filler filler filler filler Oilmeals 2020/21 348.91 368.93 97.37 345.02 18.33 2021/22 (Est.) 348.57 366.89 95.98 345.58 17.77 filler filler filler filler filler 2022/23 (Proj.) Jan 364.39 382.07 97.66 358.75 18.25 2022/23 (Proj.) Feb 362.06 379.83 97.64 357.49 17.63 filler filler filler filler filler Vegetable Oils 2020/21 206.70 236.68 85.40 204.63 28.50 2021/22 (Est.) 208.48 236.98 79.09 203.91 29.38 filler filler filler filler filler 2022/23 (Proj.) Jan 217.62 247.01 87.32 213.07 29.60 2022/23 (Proj.) Feb 217.58 246.95 87.95 212.91 29.94 filler filler filler filler filler United States Output Total Supply Trade Total Use 2 / Ending Stocks Oilseeds 2020/21 124.52 141.69 62.78 62.66 8.64 2021/22 (Est.) 131.35 141.16 59.71 63.87 9.14 filler filler filler filler filler 2022/23 (Proj.) Jan 125.96 136.39 55.08 65.50 7.46 2022/23 (Proj.) Feb 125.96 136.39 55.08 65.02 7.88 filler filler filler filler filler Oilmeals 2020/21 48.25 53.02 12.62 40.00 0.39 2021/22 (Est.) 49.25 53.21 12.44 40.42 0.35 filler filler filler filler filler 2022/23 ( Proj.) Jan 50.46 54.79 12.66 41.72 0.40 2022/23 (Proj.) Feb 50.23 54.56 12.66 41.50 0.40 filler filler filler filler filler Vegetable Oils 2020/21 12.70 18.86 1.04 16.52 1.30 2021/22 (Est.) 13.05 19.60 1.05 17.28 1.27 filler filler filler filler filler 2022/23 (Proj.) Jan 13.39 20.08 0.58 18.25 1.25 2022/23 (Proj.) Feb 13.32 20.12 0.53 18.31 1.28 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2020/21 483.23 577.83 129.25 446.25 106.74 2021/22 (Est.) 475.44 581.00 118.93 445.46 108.38 filler filler filler filler filler 2022/23 (Proj.) Jan 515.97 622.65 141.90 467.02 114.72 2022/23 (Proj.) Feb 510.76 617.85 142.95 464.52 111.30 filler filler filler filler filler Oilmeals 2020/21 300.67 315.91 84.74 305.02 17.94 2021/22 (Est.) 299.32 313.69 83.54 305.17 17.41 filler filler filler filler filler 2022/23 (Proj.) Jan 313.94 327.28 85.00 317.03 17.85 2022/23 (Proj.) Feb 311.83 325.26 84.97 315.99 17.23 filler filler filler filler filler Vegetable Oils 2020/21 194.00 217.82 84.36 188.11 27.20 2021/22 (Est.) 195.42 217.38 78.04 186.63 28.10 filler filler filler filler filler 2022/23 (Proj.) Jan 204.23 226.93 86.74 194.82 28.36 2022/23 (Proj.) Feb 204.25 226.83 87.42 194.60 28.66 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. February 2023 WASDE - 633 - 11 U.S. Wheat Supply and Use 1/ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Jan Feb Million Acres Area Planted 44.5 46.7 45.7 45.7 Area Harvested 36.8 37.1 35.5 35.5 Bushels Yield per Harvested Acre 49.7 44.3 46.5 46.5 Million Bushels Beginning Stocks 1,028 845 698 698 Production 1,828 1,646 1,650 1,650 Imports 100 95 120 120 Supply, Total 2,956 2,587 2,468 2,468 Food 961 972 977 975 Seed 64 58 69 70 Feed and Residual 93 59 80 80 Domestic, Total 1,117 1,088 1,126 1,125 Exports 994 800 775 775 Use, Total 2,111 1,888 1,901 1,900 Ending Stocks 845 698 567 568 Avg. Farm Price ($/bu) 2/ 5.05 7.63 9.10 9.00 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2021/22 (Est.) Beginning Stocks 428 235 85 70 27 845 Production 750 297 361 201 38 1,646 Supply, Total 3/ 1,182 575 449 276 105 2,587 Domestic Use 489 220 238 75 67 1,088 Exports 317 209 112 148 14 800 Use, Total 806 429 350 222 81 1,888 Ending Stocks, Total 376 146 99 54 24 698 2022/23 (Proj.) Beginning Stocks 376 146 99 54 24 698 Production 531 446 337 272 64 1,650 Supply, Total 3/ 912 647 441 331 138 2,468 Domestic Use 418 297 223 96 91 1,125 Exports 220 230 115 190 20 775 Use, Total 638 527 338 286 111 1,900 Ending Stocks, Total Feb 273 120 102 45 27 568 Ending Stocks, Total Jan 274 120 90 56 28 567 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. February 2023 WASDE - 633 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Jan Feb Million Acres Area Planted 102.3 105.8 100.4 100.4 Area Harvested 90.6 94.4 87.1 87.1 Metric Tons Yield per Harvested Acre 4.11 4.21 4.11 4.11 Million Metric Tons Beginning Stocks 51.8 34.0 37.6 37.6 Production 372.6 397.5 358.2 358.2 Imports 2.2 2.3 3.1 3.2 Supply, Total 426.6 433.8 398.9 398.9 Feed and Residual 146.7 148.6 137.7 137.7 Food, Seed & Industrial 168.8 177.1 175.6 175.2 Domestic, Total 315.4 325.8 313.3 312.9 Exports 77.2 70.5 51.6 51.3 Use, Total 392.6 396.2 364.9 364.3 Ending Stocks 34.0 37.6 34.0 34.6 CORN 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. January February Million Acres Area Planted 90.7 93.3 88.6 88.6 Area Harvested 82.3 85.3 79.2 79.2 Bushels Yield per Harvested Acre 171.4 176.7 173.3 173.3 Million Bushels Beginning Stocks 1,919 1,235 1,377 1,377 Production 14,111 15,074 13,730 13,730 Imports 24 24 50 50 Supply, Total 16,055 16,333 15,157 15,157 Feed and Residual 5,607 5,718 5,275 5,275 Food, Seed & Industrial 2/ 6,467 6,766 6,715 6,690 Ethanol & by -products 3/ 5,028 5,326 5,275 5,250 Domestic, Total 12,074 12,484 11,990 11,965 Exports 2,747 2,471 1,925 1,925 Use, Total 14,821 14,956 13,915 13,890 Ending Stocks 1,235 1,377 1,242 1,267 Avg. Farm Price ($/bu) 4/ 4.53 6.00 6.70 6.70 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by- products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Market ing- year weighted average price received by farmers. February 2023 WASDE - 633 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Jan Feb Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 5.9 7.3 6.3 6.3 Area Harvested (mil. acres) 5.1 6.5 4.6 4.6 Yield (bushels/acre) 73.2 69.0 41.1 41.1 Beginning Stocks 30 20 47 47 Production 373 448 188 188 Imports 0 0 0 0 Supply, Total 403 468 235 235 Feed and Residual 97 81 70 70 Food, Seed & Industrial 7 45 40 50 Total Domestic 104 127 110 120 Exports 279 294 100 90 Use, Total 383 421 210 210 Ending Stocks 20 47 25 25 Avg. Farm Price ($/bu) 2/ 5.04 5.94 6.85 6.90 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. January February Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.7 2.7 2.9 2.9 Area Harvested (mil. acres) 2.2 2.0 2.4 2.4 Yield (bushels/acre) 77.2 60.3 71.7 71.7 Beginning Stocks 80 71 42 42 Production 171 120 174 174 Imports 7 15 15 16 Supply, Total 258 206 231 232 Feed and Residual 26 20 35 35 Food, Seed & Industrial 147 137 130 130 Total Domestic 172 157 165 165 Exports 14 7 5 5 Use, Total 186 164 170 170 Ending Stocks 71 42 61 62 Avg. Farm Price ($/bu) 2/ 4.75 5.31 7.30 7.30 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. January February Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.0 2.6 2.6 2.6 Area Harvested (mil. acres) 1.0 0.7 0.9 0.9 Yield (bushels/acre) 65.1 61.3 64.8 64.8 Beginning Stocks 37 38 33 33 Production 66 40 58 58 Imports 85 81 90 90 Supply, Total 188 159 180 180 Feed and Residual 68 44 65 65 Food, Seed & Industrial 78 79 81 81 Total Domestic 147 124 146 146 Exports 3 3 2 2 Use, Total 150 126 148 148 Ending Stocks 38 33 32 32 Avg. Farm Price ($/bu) 2/ 2.77 4.55 5.00 4.85 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. February 2023 WASDE - 633 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Jan Feb Million Acres Area Planted 3.04 2.53 2.22 2.22 Area Harvested 2.99 2.49 2.17 2.17 Fil ler Pounds Yield per Harvested Acre 7,619 7,709 7,383 7,383 Million Hundredweight Beginning Stocks 2/ 28.7 43.7 39.7 39.7 Production 227.5 191.6 160.4 160.4 Imports 34.1 37.8 45.0 42.0 Supply, Total 290.2 273.0 245.1 242.1 Domestic & Residual 3/ 153.1 151.1 147.0 147.0 Exports, Total 4/ 93.5 82.2 66.0 62.0 Rough 34.6 28.3 20.0 18.0 Milled (rough equiv.) 58.9 53.9 46.0 44.0 Use, Total 246.6 233.3 213.0 209.0 Ending Stocks 43.7 39.7 32.1 33.1 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 14.40 16.10 19.20 19.40 Total LONG -GRAIN RICE 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. January February Harvested Acres (mil.) 2.30 1.94 1.77 1.77 Yield (pounds/acre) 7,422 7,471 7,224 7,224 Beginning Stocks 16.9 29.7 24.6 24.6 Imports 27.4 30.7 35.0 33.0 Production 170.8 144.6 128.2 128.2 Supply, Total 7/ 215.1 205.0 187.8 185.8 Domestic & Residual 3/ 120.3 119.7 117.0 117.0 Exports 8/ 65.0 60.6 49.0 47.0 Use, Total 185.3 180.3 166.0 164.0 Ending Stocks 29.7 24.6 21.8 21.8 Avg. Farm Price ($/cwt) 6/ 12.60 13.60 16.70 16.90 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. January February Harvested Acres (mil.) 0.69 0.55 0.40 0.40 Yield (pounds/acre) 8,282 8,549 8,094 8,094 Beginning Stocks 10.7 11.5 13.0 13.0 Imports 6.7 7.1 10.0 9.0 Production 56.7 47.0 32.2 32.2 Supply, Total 7/ 72.7 66.0 55.3 54.3 Domestic & Residual 3/ 32.8 31.4 30.0 30.0 Exports 8/ 28.5 21.5 17.0 15.0 Use, Total 61.2 53.0 47.0 45.0 Ending Stocks 11.5 13.0 8.3 9.3 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 20.10 26.40 29.20 29.20 California 10/ 22.60 31.90 36.00 36.00 Other States 1/ 13.00 13.90 17.60 17.60 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2017/18 -1.4; 2018/19-2.1; 2019/20 -1.0. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing -year weighted average price received by farme rs. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The California medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the f inal price may differ. 10/ Marketing year beginning October 1. February 2023 WASDE - 633 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Jan Feb Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 83.4 87.2 87.5 87.5 Area Harvested 82.6 86.3 86.3 86.3 Fil ler Bushels Yield per Harvested Acre 51.0 51.7 49.5 49.5 Million Bushels Beginning Stocks 525 257 274 274 Production 4,216 4,465 4,276 4,276 Imports 20 16 15 15 Supply, Total 4,761 4,738 4,566 4,566 Crushings 2,141 2,204 2,245 2,230 Exports 2,266 2,158 1,990 1,990 Seed 101 102 102 102 Residual -4 1 18 18 Use, Total 4,504 4,464 4,355 4,340 Ending Stocks 257 274 210 225 Avg. Farm Price ($/bu) 2/ 10.80 13.30 14.20 14.30 Total SOYBEAN OIL 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. January February Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,853 2,131 1,991 1,991 Production 4/ 25,023 26,143 26,310 26,245 Imports 302 303 300 300 Supply, Total 27,177 28,578 28,601 28,536 Domestic Disappearance 23,314 24,813 25,900 25,900 Biofuel 3/ 8,920 10,348 11,600 11,600 Food, Feed & other Industrial 14,394 14,465 14,300 14,300 Exports 1,731 1,773 800 700 Use, Total 25,046 26,587 26,700 26,600 Ending stocks 2,131 1,991 1,901 1,936 Avg. Price (c/lb) 2/ 56.87 72.98 68.00 68.00 Total SOYBEAN MEAL 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. January February Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 341 341 311 311 Production 4/ 50,565 51,811 52,839 52,639 Imports 784 649 600 600 Supply, Total 51,691 52,800 53,750 53,550 Domestic Disappearance 37,674 38,966 39,700 39,500 Exports 13,675 13,524 13,700 13,700 Use, Total 51,350 52,490 53,400 53,200 Ending Stocks 341 311 350 350 Avg. Price ($/s.t.) 2/ 392.31 439.81 425.00 450.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects soybean oil used for biofuels as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,207 million bushels for 2021/22 and 2,230 million bushels for 2022/23. February 2023 WASDE - 633 - 16 U.S. Sugar Supply and Use 1/ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Jan Feb Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,618 1,705 1,819 1,820 Production 2/ 9,233 9,157 9,248 9,231 Beet Sugar 5,092 5,155 5,048 5,100 Cane Sugar 4,141 4,002 4,199 4,131 Florida 2,090 1,934 1,989 2,014 Louisiana 1,918 1,944 2,113 2,030 Texas 134 124 97 87 Imports 3,221 3,646 3,458 3,463 TRQ 3/ 1,749 1,579 1,606 1,611 Other Program 4/ 292 298 250 250 Non-program 1,180 1,769 1,602 1,602 Mexico 968 1,379 1,477 1,477 High -tier tariff/other 212 390 125 125 Total Supply 14,072 14,508 14,525 14,514 Exports 49 29 35 35 Deliveries 12,277 12,578 12,605 12,605 Food 12,161 12,470 12,500 12,500 Other 5/ 116 107 105 105 Miscellaneous 40 81 0 0 Total Use 12,367 12,688 12,640 12,640 Ending Stocks 1,705 1,820 1,885 1,874 Stocks to Use Ratio 13.8 14.3 14.9 14.8 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2021/22 and 2022/23 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2021/22, WTO raw sugar TRQ shortfall (158) and for 2022/23 (255). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE - reported deliveries: 2020/21 -- 298; estimated 2021/22 -- 303; projected 2022/23 -- 315 Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2021/22 Est. Jan 1,053 6,185 31 4,629 1,676 964 2021/22 Est. Feb 1,053 6,185 31 4,629 1,676 964 2022/23 Proj. Jan 964 5,900 35 4,661 1,267 971 2022/23 Proj. Feb 964 5,900 35 4,660 1,268 971 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2020/21 = 1,320; Estimated 2020/21 = 1,291; Projected 2022/23 = 1,291; Estimated Oct. - Dec. 2022 = 312; Estimated Oct. - Dec. 2021 = 322. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico' s products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2021/22 (532 est =508 dom.+24 import); 2022/23 (493 proj = 468 dom.+25 import). Statistical Adjustments: 2021/22 ( -16), 2022/23 (0). February 2023 WASDE - 633 - 17 U.S. Cotton Supply and Use 1/ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Jan Feb Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 12.09 11.22 13.76 13.76 Harvested 8.22 10.27 7.44 7.44 Fil ler Pounds Yield per Harvested Acre 853 819 947 947 Million 480 Pound Bales Beginning Stocks 7.25 3.15 3.75 3.75 Production 14.61 17.52 14.68 14.68 Imports 0.00 0.01 0.01 0.01 Supply, Total 21.86 20.68 18.44 18.44 Domestic Use 2.40 2.55 2.20 2.10 Exports, Total 16.35 14.62 12.00 12.00 Use, Total 18.75 17.17 14.20 14.10 Unaccounted 2/ -0.04 -0.24 0.04 0.04 Ending Stocks 3.15 3.75 4.20 4.30 Avg. Farm Price 3/ 66.3 91.4 83.0 83.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. February 2023 WASDE - 633 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 298.22 774.55 194.78 157.90 782.71 203.33 290.06 World Less China 148.21 640.30 184.16 117.90 632.71 202.57 145.94 United States 27.99 49.75 2.73 2.54 30.41 27.05 23.00 Total Foreign 270.24 724.80 192.06 155.36 752.30 176.29 267.06 Major Exporters 4/ 32.50 322.46 6.67 72.81 179.33 147.42 34.88 Argentina 2.46 17.64 0.01 0.05 6.25 11.53 2.32 Australia 2.70 31.92 0.20 4.50 8.03 23.77 3.02 Canada 5.50 35.44 0.55 4.16 9.10 26.43 5.95 European Union 5/ 13.11 126.68 5.39 42.50 104.75 29.74 10.70 Russia 7.23 85.35 0.40 19.00 42.50 39.10 11.38 Ukraine 1.50 25.42 0.13 2.60 8.70 16.85 1.51 Major Importers 6/ 193.47 200.43 124.37 57.58 323.60 12.62 182.04 Bangladesh 1.76 1.18 7.20 0.50 8.00 0.00 2.14 Brazil 1.99 6.25 6.40 0.40 11.80 0.93 1.91 China 150.02 134.25 10.62 40.00 150.00 0.76 144.12 Japan 1.10 1.00 5.49 0.65 6.25 0.30 1.04 N. Africa 7/ 14.36 15.81 28.50 1.75 46.62 0.80 11.24 Nigeria 0.30 0.06 6.59 0.05 5.55 0.60 0.79 Sel. Mideast 8/ 11.62 20.65 17.70 3.54 39.03 0.62 10.31 Southeast Asia 9/ 5.91 0.00 25.18 7.29 25.00 1.14 4.95 Selected Other India 24.70 107.86 0.02 6.50 102.22 2.56 27.80 Kazakhstan 0.66 14.26 1.00 1.45 6.25 8.19 1.48 United Kingdom 2.44 9.66 3.22 5.96 13.46 0.45 1.42 2021/22 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 290.06 779.33 199.23 160.29 792.69 202.86 276.70 World Less China 145.94 642.38 189.66 125.29 644.69 201.99 134.94 United States 23.00 44.80 2.59 1.60 29.61 21.78 19.01 Total Foreign 267.06 734.53 196.64 158.69 763.08 181.08 257.69 Major Exporters 4/ 34.88 327.19 5.82 78.70 185.82 142.36 39.71 Argentina 2.32 22.15 0.00 0.05 6.15 15.98 2.35 Australia 3.02 36.24 0.21 5.00 8.53 27.51 3.43 Canada 5.95 22.42 0.55 5.15 10.15 15.12 3.66 European Union 5/ 10.70 138.22 4.61 45.00 108.25 31.92 13.36 Russia 11.38 75.16 0.30 19.50 42.75 33.00 11.09 Ukraine 1.51 33.01 0.14 4.00 10.00 18.84 5.81 Major Importers 6/ 182.04 203.23 130.54 53.73 323.64 15.31 176.87 Bangladesh 2.14 1.13 6.34 0.60 8.30 0.00 1.31 Brazil 1.91 7.70 6.39 0.45 11.75 3.07 1.18 China 144.12 136.95 9.57 35.00 148.00 0.88 141.76 Japan 1.04 1.13 5.61 0.75 6.30 0.30 1.18 N. Africa 7/ 11.24 20.43 26.61 1.87 47.02 0.41 10.86 Nigeria 0.79 0.09 6.19 0.05 5.85 0.60 0.62 Sel. Mideast 8/ 10.31 16.50 22.99 3.88 39.10 0.75 9.96 Southeast Asia 9/ 4.95 0.00 27.01 7.50 25.33 1.23 5.41 Selected Other India 27.80 109.59 0.03 7.00 109.88 8.03 19.50 Kazakhstan 1.48 11.81 2.50 1.35 6.20 8.10 1.49 United Kingdom 1.42 13.99 2.63 7.40 15.40 0.83 1.81 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2023 WASDE - 633 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jan 276.82 781.31 205.05 155.30 789.74 211.62 268.39 Feb 276.70 783.80 207.09 157.76 791.16 212.95 269.34 World Less China Jan 135.06 643.59 195.55 125.30 645.74 210.72 124.31 Feb 134.94 646.08 197.09 127.76 647.16 212.05 124.75 United States Jan 19.01 44.90 3.27 2.18 30.65 21.09 15.44 Feb 19.01 44.90 3.27 2.18 30.62 21.09 15.47 Total Foreign Jan 257.81 736.41 201.78 153.13 759.09 190.53 252.95 Feb 257.69 738.90 203.83 155.59 760.55 191.85 253.87 Major Exporters 4/ Jan 39.79 329.62 9.21 78.05 185.70 153.50 39.41 Feb 39.71 332.02 10.21 80.05 187.90 154.50 39.54 Argentina Jan 2.35 12.50 0.01 0.05 6.15 7.50 1.21 Feb 2.35 12.50 0.01 0.05 6.15 7.50 1.21 Australia Jan 3.50 36.60 0.20 5.00 8.55 27.50 4.25 Feb 3.43 38.00 0.20 5.00 8.50 28.00 5.13 Canada Jan 3.67 33.82 0.60 3.50 8.55 26.00 3.55 Feb 3.66 33.82 0.60 4.50 9.55 25.00 3.54 European Union 5/ Jan 13.36 134.70 8.00 44.50 108.25 36.50 11.31 Feb 13.36 134.70 9.00 45.00 109.00 37.00 11.06 Russia Jan 11.09 91.00 0.30 21.00 45.00 43.00 14.39 Feb 11.09 92.00 0.30 21.50 45.50 43.50 14.39 Ukraine Jan 5.81 21.00 0.10 4.00 9.20 13.00 4.71 Feb 5.81 21.00 0.10 4.00 9.20 13.50 4.21 Major Importers 6/ Jan 176.87 205.54 132.52 48.70 320.17 15.77 179.00 Feb 176.87 205.94 133.27 49.14 320.11 16.22 179.75 Bangladesh Jan 1.31 1.10 6.00 0.20 7.40 0.00 1.01 Feb 1.31 1.10 5.30 0.20 7.00 0.00 0.71 Brazil Jan 1.18 9.50 5.60 0.40 11.70 3.50 1.08 Feb 1.18 9.90 5.60 0.40 11.70 3.90 1.08 China Jan 141.76 137.72 9.50 30.00 144.00 0.90 144.08 Feb 141.76 137.72 10.00 30.00 144.00 0.90 144.58 Japan Jan 1.18 1.05 5.75 0.75 6.30 0.30 1.38 Feb 1.18 1.05 5.75 0.75 6.30 0.30 1.38 N. Africa 7/ Jan 10.86 17.60 29.90 1.77 47.22 0.50 10.64 Feb 10.86 17.60 29.90 1.77 47.22 0.50 10.64 Nigeria Jan 0.62 0.11 6.10 0.00 5.70 0.60 0.53 Feb 0.62 0.11 6.00 0.00 5.60 0.60 0.53 Sel. Mideast 8/ Jan 9.96 17.61 22.72 3.38 39.08 0.77 10.44 Feb 9.96 17.61 23.22 3.38 39.18 0.77 10.84 Southeast Asia 9/ Jan 5.41 0.00 26.95 8.20 26.05 1.15 5.17 Feb 5.41 0.00 27.30 8.44 26.19 1.15 5.38 Selected Other India Jan 19.50 103.00 0.10 6.00 104.08 5.90 12.63 Feb 19.50 103.00 0.10 6.00 104.08 5.90 12.63 Kazakhstan Jan 1.49 14.00 1.50 1.50 6.35 9.00 1.64 Feb 1.49 14.00 1.50 1.50 6.35 9.00 1.64 United Kingdom Jan 1.81 15.50 1.80 7.80 15.80 1.30 2.01 Feb 1.81 15.50 1.80 7.80 15.80 1.30 2.01 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2023 WASDE - 633 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 337.28 1,441.49 233.87 903.98 1,455.83 233.60 322.94 World Less China 136.33 1,172.41 183.34 683.03 1,142.72 233.59 115.49 United States 51.83 372.89 2.48 146.84 315.97 77.21 34.01 Total Foreign 285.45 1,068.60 231.39 757.14 1,139.86 156.39 288.93 Major Exporters 4/ 24.24 297.33 5.46 134.73 180.99 126.63 19.41 Argentina 4.57 60.01 0.02 11.29 17.02 45.52 2.06 Australia 3.01 18.56 0.00 6.21 8.08 10.50 2.98 Brazil 5.82 90.32 3.35 62.42 73.86 21.04 4.60 Canada 3.98 29.64 1.89 16.67 24.63 7.26 3.63 Russia 1.87 41.40 0.09 21.47 31.04 10.42 1.90 Ukraine 2.55 39.59 0.07 9.25 12.41 28.15 1.65 Major Importers 5/ 36.25 252.58 137.73 294.53 377.02 13.24 36.30 European Union 6/ 14.16 155.46 15.87 119.91 159.41 11.45 14.62 Japan 1.74 0.23 16.98 13.45 17.29 0.00 1.66 Mexico 4.14 32.66 17.15 30.34 49.84 0.51 3.60 N. Afr & Mideast 7/ 7.69 32.62 38.77 63.16 71.37 0.71 7.01 Saudi Arabia 1.72 0.19 10.03 10.25 10.61 0.00 1.33 Southeast Asia 8/ 3.80 31.12 22.65 43.43 51.72 0.57 5.29 South Korea 2.02 0.22 11.80 9.47 12.01 0.00 2.04 Selected Other China 200.96 269.08 50.53 220.95 313.11 0.01 207.46 2021/22 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 322.94 1,502.36 230.20 914.50 1,491.69 252.12 333.61 World Less China 115.49 1,221.51 188.70 686.67 1,171.67 252.11 123.84 United States 34.01 397.71 2.59 148.76 326.28 70.46 37.58 Total Foreign 288.93 1,104.65 227.61 765.73 1,165.42 181.66 296.03 Major Exporters 4/ 19.41 332.77 9.78 142.96 189.24 147.93 24.78 Argentina 2.06 59.16 0.01 13.52 19.14 39.60 2.48 Australia 2.98 19.22 0.00 5.84 7.71 10.95 3.53 Brazil 4.60 120.62 3.25 63.59 75.68 48.02 4.78 Canada 3.63 25.12 6.40 17.50 25.79 5.65 3.71 Russia 1.90 38.54 0.10 22.23 31.11 7.58 1.85 Ukraine 1.65 53.51 0.02 12.95 16.08 32.93 6.17 Major Importers 5/ 36.30 248.19 138.89 288.58 371.73 15.30 36.35 European Union 6/ 14.62 154.41 21.35 120.47 159.89 13.72 16.77 Japan 1.66 0.24 16.52 13.09 16.83 0.00 1.59 Mexico 3.60 32.79 18.56 31.05 50.77 0.25 3.93 N. Afr & Mideast 7/ 7.01 29.37 40.57 61.03 69.78 0.69 6.49 Saudi Arabia 1.33 0.20 8.28 8.05 8.41 0.00 1.40 Southeast Asia 8/ 5.29 30.90 17.34 41.11 49.48 0.64 3.41 South Korea 2.04 0.20 11.63 9.26 11.79 0.00 2.08 Selected Other China 207.46 280.85 41.50 227.83 320.03 0.01 209.77 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World import s and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected Nor th Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2023 WASDE - 633 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jan 333.09 1,446.36 215.02 896.56 1,457.13 218.81 322.32 Feb 333.61 1,442.77 216.35 893.38 1,454.85 221.24 321.53 World Less China Jan 123.32 1,160.86 182.07 667.41 1,136.78 218.76 114.50 Feb 123.84 1,157.27 183.90 664.73 1,135.00 221.19 113.71 United States Jan 37.58 358.47 3.48 137.99 313.95 51.58 34.00 Feb 37.58 358.47 3.50 137.99 313.56 51.33 34.66 Total Foreign Jan 295.51 1,087.89 211.54 758.57 1,143.18 167.23 288.32 Feb 296.03 1,084.30 212.85 755.39 1,141.29 169.91 286.87 Major Exporters 4/ Jan 24.29 331.45 3.00 141.90 188.62 142.67 27.46 Feb 24.78 327.22 3.05 137.61 184.46 144.28 26.32 Argentina Jan 2.38 60.81 0.01 11.96 17.67 43.20 2.33 Feb 2.48 55.51 0.01 10.16 15.87 39.80 2.33 Australia Jan 3.47 18.17 0.00 6.02 7.90 10.48 3.27 Feb 3.53 18.47 0.00 6.02 7.90 10.68 3.43 Brazil Jan 4.48 129.54 1.80 68.50 80.99 47.03 7.80 Feb 4.78 129.54 1.80 65.50 77.99 50.03 8.10 Canada Jan 3.68 30.54 1.04 17.22 24.91 6.68 3.67 Feb 3.71 30.54 1.05 17.12 24.79 6.48 4.03 Russia Jan 1.85 41.00 0.10 22.80 32.10 8.95 1.91 Feb 1.85 41.77 0.10 23.37 32.82 8.97 1.94 Ukraine Jan 6.17 34.16 0.00 8.02 11.15 22.93 6.26 Feb 6.17 34.16 0.00 8.02 11.15 24.93 4.26 Major Importers 5/ Jan 36.34 231.22 138.28 281.16 363.16 10.29 32.39 Feb 36.35 231.61 139.97 283.01 364.95 10.78 32.20 European Union 6/ Jan 16.77 135.61 23.60 115.31 153.78 8.47 13.73 Feb 16.77 135.61 25.63 117.31 155.81 8.46 13.74 Japan Jan 1.57 0.25 16.47 12.85 16.75 0.00 1.54 Feb 1.59 0.25 16.47 12.85 16.75 0.00 1.56 Mexico Jan 3.93 33.50 18.07 31.34 51.06 0.60 3.84 Feb 3.93 33.49 17.97 31.34 50.96 0.60 3.83 N. Afr & Mideast 7/ Jan 6.50 31.13 37.75 60.14 68.46 0.64 6.28 Feb 6.49 31.13 38.56 60.64 68.97 0.94 6.28 Saudi Arabia Jan 1.40 0.19 8.71 8.75 9.11 0.00 1.20 Feb 1.40 0.19 8.71 8.75 9.11 0.00 1.20 Southeast Asia 8/ Jan 3.41 30.31 18.01 39.50 48.00 0.58 3.14 Feb 3.41 30.71 16.96 38.85 47.35 0.78 2.94 South Korea Jan 2.08 0.15 11.10 8.74 11.22 0.00 2.11 Feb 2.08 0.15 11.10 8.74 11.22 0.00 2.11 Selected Other China Jan 209.77 285.50 32.95 229.15 320.35 0.05 207.82 Feb 209.77 285.50 32.45 228.65 319.85 0.05 207.82 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Austr alia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2023 WASDE - 633 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 307.41 1,129.50 184.94 723.98 1,144.08 182.70 292.84 World Less China 106.88 868.83 155.42 520.98 859.08 182.70 87.13 United States 48.76 358.45 0.62 142.43 306.69 69.78 31.36 Total Foreign 258.65 771.06 184.32 581.56 837.39 112.93 261.48 Major Exporters 4/ 13.37 200.12 2.92 91.02 113.82 93.55 9.04 Argentina 3.62 52.00 0.01 9.50 13.50 40.94 1.18 Brazil 5.33 87.00 2.85 59.50 70.00 21.02 4.15 Russia 0.83 13.87 0.04 8.90 10.00 3.99 0.75 South Africa 2.12 16.95 0.01 7.22 13.22 3.73 2.12 Ukraine 1.48 30.30 0.02 5.90 7.10 23.86 0.83 Major Importers 5/ 20.79 132.43 92.89 164.27 219.53 4.79 21.78 Egypt 1.73 6.40 9.63 13.90 16.40 0.01 1.36 European Union 6/ 7.38 67.44 14.49 57.20 77.70 3.74 7.88 Japan 1.39 0.01 15.48 12.00 15.45 0.00 1.42 Mexico 3.52 27.35 16.50 25.60 43.80 0.48 3.08 Southeast Asia 7/ 3.79 31.07 20.69 41.65 49.70 0.57 5.28 South Korea 2.00 0.09 11.71 9.42 11.78 0.00 2.02 Selected Other Canada 2.56 13.56 1.58 8.59 13.98 1.56 2.17 China 200.53 260.67 29.51 203.00 285.00 0.00 205.70 2021/22 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2 / Exports Ending Stocks World 3/ 292.84 1,216.00 184.50 749.84 1,202.55 204.73 306.28 World Less China 87.13 943.45 162.62 540.84 911.55 204.73 97.15 United States 31.36 382.89 0.62 145.25 317.12 62.78 34.98 Total Foreign 261.48 833.11 183.89 604.58 885.44 141.96 271.31 Major Exporters 4/ 9.04 238.95 2.67 97.70 120.80 116.18 13.68 Argentina 1.18 49.50 0.01 11.30 15.20 34.00 1.49 Brazil 4.15 116.00 2.60 59.50 70.50 48.00 4.25 Russia 0.75 15.23 0.05 10.00 11.10 4.00 0.93 South Africa 2.12 16.10 0.00 7.20 13.10 3.20 1.92 Ukraine 0.83 42.13 0.02 9.70 10.90 26.98 5.09 Major Importers 5/ 21.78 136.21 94.37 168.12 223.27 6.89 22.20 Egypt 1.36 7.44 9.76 14.50 17.00 0.00 1.56 European Union 6/ 7.88 70.98 19.78 62.30 82.70 6.00 9.94 Japan 1.42 0.01 15.01 11.70 15.05 0.00 1.39 Mexico 3.08 26.76 17.57 25.80 44.00 0.25 3.16 Southeast Asia 7/ 5.28 30.85 16.16 40.10 48.25 0.64 3.40 South Korea 2.02 0.10 11.52 9.22 11.57 0.00 2.06 Selected Other Canada 2.17 14.61 6.14 12.17 17.98 2.19 2.75 China 205.70 272.55 21.88 209.00 291.00 0.00 209.14 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2023 WASDE - 633 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jan 305.95 1,155.93 175.45 732.95 1,165.47 178.17 296.42 Feb 306.28 1,151.36 177.00 729.14 1,162.37 181.07 295.28 World Less China Jan 96.82 878.73 157.45 516.95 868.47 178.15 89.10 Feb 97.15 874.16 159.00 513.14 865.37 181.05 87.96 United States Jan 34.98 348.75 1.27 133.99 304.56 48.90 31.54 Feb 34.98 348.75 1.27 133.99 303.93 48.90 32.17 Total Foreign Jan 270.98 807.18 174.18 598.96 860.91 129.28 264.88 Feb 271.31 802.61 175.73 595.15 858.45 132.18 263.10 Major Exporters 4/ Jan 13.38 234.70 1.36 96.60 120.40 112.20 16.84 Feb 13.68 229.70 1.36 91.60 115.40 114.20 15.14 Argentina Jan 1.49 52.00 0.01 10.00 14.00 38.00 1.49 Feb 1.49 47.00 0.01 8.00 12.00 35.00 1.49 Brazil Jan 3.95 125.00 1.30 64.50 76.00 47.00 7.25 Feb 4.25 125.00 1.30 61.50 73.00 50.00 7.55 Russia Jan 0.93 14.00 0.05 9.80 10.90 3.30 0.78 Feb 0.93 14.00 0.05 9.80 10.90 3.30 0.78 South Africa Jan 1.92 16.70 0.00 7.30 13.30 3.40 1.92 Feb 1.92 16.70 0.00 7.30 13.30 3.40 1.92 Ukraine Jan 5.09 27.00 0.00 5.00 6.20 20.50 5.39 Feb 5.09 27.00 0.00 5.00 6.20 22.50 3.39 Major Importers 5/ Jan 22.18 119.67 94.80 159.20 213.80 3.39 19.47 Feb 22.20 120.07 96.30 161.10 215.70 3.59 19.28 Egypt Jan 1.56 7.44 9.20 13.90 16.40 0.01 1.79 Feb 1.56 7.44 9.20 13.90 16.40 0.01 1.79 European Union 6/ Jan 9.94 54.20 21.50 56.50 76.10 2.20 7.34 Feb 9.94 54.20 23.50 58.50 78.10 2.20 7.34 Japan Jan 1.38 0.01 15.00 11.50 15.00 0.00 1.39 Feb 1.39 0.01 15.00 11.50 15.00 0.00 1.40 Mexico Jan 3.16 27.60 17.20 26.00 44.20 0.60 3.16 Feb 3.16 27.60 17.20 26.00 44.20 0.60 3.16 Southeast Asia 7/ Jan 3.40 30.26 16.40 38.10 46.35 0.58 3.13 Feb 3.40 30.66 15.90 38.00 46.25 0.78 2.93 South Korea Jan 2.06 0.08 11.00 8.70 11.05 0.00 2.09 Feb 2.06 0.08 11.00 8.70 11.05 0.00 2.09 Selected Other Canada Jan 2.75 14.54 1.00 9.30 14.50 1.60 2.19 Feb 2.75 14.54 1.00 9.00 14.20 1.60 2.49 China Jan 209.14 277.20 18.00 216.00 297.00 0.02 207.32 Feb 209.14 277.20 18.00 216.00 297.00 0.02 207.32 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2023 WASDE - 633 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 182.55 509.33 46.50 503.44 51.16 188.44 World Less China 66.05 361.03 42.28 353.14 48.94 71.94 United States 0.91 7.22 1.08 4.86 2.97 1.39 Total Foreign 181.64 502.10 45.42 498.58 48.19 187.05 Major Exporters 4/ 40.93 191.63 2.01 149.20 38.55 46.82 Burma 1.01 12.60 0.00 10.40 1.90 1.31 India 33.90 124.37 0.00 101.05 20.22 37.00 Pakistan 0.94 8.42 0.01 3.60 3.88 1.89 Thailand 3.90 18.86 0.20 12.70 6.28 3.98 Vietnam 1.18 27.38 1.80 21.45 6.27 2.64 Major Importers 5/ 128.89 240.06 17.08 255.09 2.71 128.23 China 116.50 148.30 4.22 150.29 2.22 116.50 European Union 6/ 0.92 1.83 1.78 3.40 0.45 0.68 Indonesia 3.31 34.50 0.65 35.40 0.00 3.06 Nigeria 1.49 5.15 2.20 7.15 0.00 1.69 Philippines 3.60 12.42 2.20 14.45 0.00 3.76 Sel. Mideast 7/ 1.22 2.31 3.28 5.85 0.00 0.95 Selected Other Brazil 0.84 8.00 0.63 7.35 0.95 1.17 C. Amer & Carib 8/ 0.69 1.59 1.62 3.28 0.04 0.58 Egypt 1.23 4.00 0.23 4.30 0.01 1.16 Japan 1.98 7.57 0.65 8.15 0.11 1.94 Mexico 0.17 0.20 0.81 0.96 0.02 0.20 South Korea 1.14 3.51 0.43 4.00 0.05 1.02 2021/22 Est. Beginning Stocks Productio n Imports Total /2 Domestic Exports Ending Stocks World 3/ 188.44 514.80 54.70 519.89 56.70 183.34 World Less China 71.94 365.81 48.75 363.53 54.62 70.34 United States 1.39 6.08 1.20 4.80 2.61 1.26 Total Foreign 187.05 508.71 53.50 515.10 54.09 182.08 Major Exporters 4/ 46.82 198.61 1.63 159.72 43.99 43.36 Burma 1.31 12.35 0.00 10.40 2.37 0.90 India 37.00 130.29 0.00 111.27 22.03 34.00 Pakistan 1.89 9.32 0.01 3.75 4.82 2.65 Thailand 3.98 19.88 0.13 12.80 7.68 3.50 Vietnam 2.64 26.77 1.50 21.50 7.10 2.31 Major Importers 5/ 128.23 241.98 22.33 263.06 2.53 126.95 China 116.50 148.99 5.95 156.36 2.08 113.00 European Union 6/ 0.68 1.72 2.43 3.50 0.41 0.92 Indonesia 3.06 34.40 0.65 35.30 0.00 2.81 Nigeria 1.69 5.26 2.45 7.35 0.00 2.05 Philippines 3.76 12.54 3.60 15.40 0.00 4.50 Sel. Mideast 7/ 0.95 2.15 4.29 6.10 0.00 1.29 Selected Other Brazil 1.17 7.34 0.85 7.15 1.35 0.86 C. Amer & Carib 8/ 0.58 1.63 1.69 3.26 0.04 0.60 Egypt 1.16 2.90 0.61 4.05 0.01 0.61 Japan 1.94 7.67 0.69 8.20 0.12 1.98 Mexico 0.20 0.18 0.81 0.97 0.01 0.21 South Korea 1.02 3.88 0.44 3.95 0.05 1.33 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. February 2023 WASDE - 633 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Jan 183.11 502.97 53.29 516.10 54.34 169.98 Feb 183.34 502.98 53.07 517.18 54.05 169.13 World Less China Jan 70.11 357.02 48.09 362.15 52.14 61.98 Feb 70.34 357.03 47.87 362.24 51.85 62.13 United States Jan 1.26 5.09 1.43 4.67 2.10 1.02 Feb 1.26 5.09 1.33 4.67 1.97 1.05 Total Foreign Jan 181.85 497.88 51.86 511.43 52.24 168.96 Feb 182.08 497.88 51.74 512.52 52.08 168.08 Major Exporters 4/ Jan 43.20 191.43 1.16 156.90 42.80 36.09 Feb 43.36 191.30 1.16 157.10 42.70 36.02 Burma Jan 0.87 12.50 0.00 10.30 2.40 0.67 Feb 0.90 12.50 0.00 10.30 2.40 0.71 India Jan 34.00 125.00 0.00 108.50 20.50 30.00 Feb 34.00 125.00 0.00 108.50 21.50 29.00 Pakistan Jan 2.67 6.60 0.01 3.80 4.00 1.48 Feb 2.65 6.60 0.01 3.80 3.80 1.66 Thailand Jan 3.28 20.10 0.15 12.80 8.50 2.23 Feb 3.50 20.20 0.15 13.00 8.20 2.65 Vietnam Jan 2.38 27.23 1.00 21.50 7.40 1.71 Feb 2.31 27.00 1.00 21.50 6.80 2.01 Major Importers 5/ Jan 127.06 238.28 20.95 261.92 2.64 121.72 Feb 126.95 238.46 21.20 263.12 2.64 120.85 China Jan 113.00 145.95 5.20 153.95 2.20 108.00 Feb 113.00 145.95 5.20 154.95 2.20 107.00 European Union 6/ Jan 0.92 1.29 2.65 3.55 0.40 0.91 Feb 0.92 1.27 2.65 3.55 0.40 0.89 Indonesia Jan 2.91 34.60 0.75 35.50 0.00 2.76 Feb 2.81 34.60 0.75 35.20 0.00 2.96 Nigeria Jan 2.05 5.04 2.20 7.45 0.00 1.84 Feb 2.05 5.04 2.20 7.45 0.00 1.84 Philippines Jan 4.50 12.41 3.60 15.75 0.00 4.76 Feb 4.50 12.41 3.60 15.75 0.00 4.76 Sel. Mideast 7/ Jan 1.29 2.24 4.15 6.33 0.00 1.36 Feb 1.29 2.24 4.15 6.33 0.00 1.36 Selected Other Brazil Jan 0.86 7.24 0.85 7.20 1.10 0.64 Feb 0.86 7.07 0.85 7.15 1.10 0.53 C. Amer & Carib 8/ Jan 0.60 1.55 1.74 3.28 0.03 0.58 Feb 0.60 1.53 1.74 3.27 0.03 0.58 Egypt Jan 0.61 3.60 0.55 4.10 0.01 0.66 Feb 0.61 3.60 0.55 4.10 0.01 0.66 Japan Jan 1.98 7.45 0.69 8.20 0.12 1.79 Feb 1.98 7.45 0.69 8.20 0.12 1.79 Mexico Jan 0.16 0.18 0.80 0.97 0.01 0.15 Feb 0.21 0.18 0.80 0.97 0.01 0.21 South Korea Jan 1.33 3.76 0.42 4.00 0.06 1.46 Feb 1.33 3.76 0.42 4.00 0.06 1.46 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. February 2023 WASDE - 633 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2020/21 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 98.41 111.49 48.69 123.18 48.78 -0.06 86.70 World Less China 62.06 81.89 35.83 82.18 48.77 -0.06 48.90 United States 7.25 14.61 3/ 2.40 16.35 -0.04 3.15 Total Foreign 91.16 96.89 48.69 120.78 32.42 -0.02 83.55 Major Exporters 4/ 40.39 53.81 1.61 34.93 27.87 -0.08 33.09 Central Asia 5/ 3.96 5.48 0.03 4.14 2.03 0.00 3.29 Afr. Fr. Zone 6/ 2.50 4.84 3/ 0.10 5.49 0.00 1.74 S. Hemis. 7/ 17.64 15.55 0.14 4.04 13.60 -0.09 15.78 Australia 1.20 2.80 3/ 0.01 1.58 -0.10 2.51 Brazil 14.40 10.82 0.01 3.10 11.01 0.00 11.12 India 15.68 27.60 0.84 26.00 6.19 0.00 11.94 Major Importers 8/ 48.28 39.87 44.66 81.78 3.10 0.06 47.87 Mexico 0.71 1.02 0.93 1.70 0.49 0.02 0.45 China 36.34 29.60 12.86 41.00 0.01 0.00 37.79 European Union 9/ 0.66 1.70 0.56 0.59 1.96 0.00 0.37 Turkey 2.77 2.90 5.33 7.70 0.59 0.00 2.71 Pakistan 3.12 4.50 5.40 10.80 0.03 0.03 2.17 Indonesia 0.64 3/ 2.31 2.45 0.01 0.00 0.50 Thailand 0.10 3/ 0.60 0.61 0.00 0.01 0.08 Bangladesh 2.52 0.15 8.30 8.50 0.00 0.01 2.45 Vietnam 1.10 3/ 7.29 7.30 0.00 0.00 1.09 2021/22 Est. Beginning Stocks Productio n Imports Domestic Use Exports Loss /2 Ending Stocks World 86.70 115.71 42.66 117.34 42.86 -0.37 85.24 World Less China 48.90 88.91 34.82 82.34 42.74 -0.37 47.92 United States 3.15 17.52 0.01 2.55 14.62 -0.24 3.75 Total Foreign 83.55 98.19 42.66 114.79 28.24 -0.12 81.49 Major Exporters 4/ 33.09 55.29 1.57 34.06 24.03 -0.18 32.04 Central Asia 5/ 3.29 4.95 0.06 4.16 1.48 0.00 2.66 Afr. Fr. Zone 6/ 1.74 5.98 3/ 0.10 6.01 -0.01 1.61 S. Hemis. 7/ 15.78 19.55 0.16 4.33 12.43 -0.18 18.91 Australia 2.51 5.75 3/ 0.01 3.58 -0.19 4.86 Brazil 11.12 11.72 0.02 3.30 7.73 0.00 11.84 India 11.94 24.40 1.00 25.00 3.74 0.00 8.60 Major Importers 8/ 47.87 39.65 38.69 76.48 2.93 0.06 46.75 Mexico 0.45 1.22 0.96 1.85 0.40 0.01 0.37 China 37.79 26.80 7.84 35.00 0.12 0.00 37.31 European Union 9/ 0.37 1.67 0.64 0.62 1.77 0.00 0.30 Turkey 2.71 3.80 5.52 8.70 0.57 0.00 2.77 Pakistan 2.17 6.00 4.50 10.70 0.05 0.03 1.89 Indonesia 0.50 3/ 2.58 2.60 0.01 0.00 0.46 Thailand 0.08 3/ 0.75 0.73 0.00 0.01 0.10 Bangladesh 2.45 0.15 8.20 8.50 0.00 0.01 2.29 Vietnam 1.09 3/ 6.63 6.70 0.00 0.00 1.02 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on suppl y less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regi ons listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. February 2023 WASDE - 633 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2022/23 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Jan 85.34 115.40 41.63 110.85 41.66 -0.08 89.93 Feb 85.24 114.37 40.44 110.66 40.38 -0.08 89.08 World Less China Jan 48.03 87.40 33.88 75.35 41.53 -0.08 52.49 Feb 47.92 85.87 32.69 74.66 40.26 -0.08 51.64 United States Jan 3.75 14.68 0.01 2.20 12.00 0.04 4.20 Feb 3.75 14.68 0.01 2.10 12.00 0.04 4.30 filler filler filler filler filler filler filler Total Foreign Jan 81.59 100.72 41.62 108.65 29.66 -0.12 85.73 Feb 81.49 99.69 40.44 108.56 28.38 -0.12 84.78 Major Exporters 4/ Jan 32.11 57.74 2.45 31.16 25.54 -0.17 35.78 Feb 32.04 56.03 2.32 31.08 24.25 -0.17 35.23 Central Asia 5/ Jan 2.66 5.00 0.08 3.77 1.47 0.00 2.50 Feb 2.66 5.00 0.08 3.77 1.47 0.00 2.50 Afr. Fr. Zone 6/ Jan 1.61 5.42 3/ 0.10 5.19 0.00 1.74 Feb 1.61 4.81 3/ 0.10 4.73 0.00 1.59 S. Hemis. 7/ Jan 18.91 20.28 0.15 4.18 15.28 -0.18 20.06 Feb 18.91 20.18 0.15 4.15 15.16 -0.18 20.11 Australia Jan 4.86 5.00 3/ 0.01 5.90 -0.19 4.14 Feb 4.86 5.00 3/ 0.01 6.10 -0.19 3.94 filler filler filler filler filler filler filler Brazil Jan 11.84 13.30 0.02 3.20 8.30 0.00 13.65 Feb 11.84 13.30 0.02 3.20 8.00 0.00 13.95 India Jan 8.60 26.50 1.70 22.50 3.10 0.00 11.20 Feb 8.60 25.50 1.70 22.50 2.50 0.00 10.80 Major Importers 8/ Jan 46.75 39.74 36.90 73.41 2.87 0.06 47.06 Feb 46.75 40.38 35.84 73.40 2.86 0.06 46.66 Mexico Jan 0.37 1.40 1.00 1.80 0.50 0.01 0.46 Feb 0.37 1.35 0.95 1.80 0.50 0.01 0.36 China Jan 37.31 28.00 7.75 35.50 0.13 0.00 37.44 Feb 37.31 28.50 7.75 36.00 0.13 0.00 37.44 European Union 9/ Jan 0.30 1.58 0.56 0.58 1.51 0.00 0.34 Feb 0.30 1.57 0.56 0.58 1.50 0.00 0.34 Turkey Jan 2.77 4.90 4.30 8.00 0.70 0.00 3.27 Feb 2.77 4.90 4.30 8.00 0.70 0.00 3.27 Pakistan Jan 1.89 3.70 5.00 9.00 0.03 0.03 1.54 Feb 1.89 3.90 4.50 8.80 0.03 0.03 1.44 Indonesia Jan 0.46 3/ 2.20 2.20 0.01 0.00 0.46 Feb 0.46 3/ 1.90 2.00 0.01 0.00 0.36 Thailand Jan 0.10 3/ 0.70 0.70 0.00 0.01 0.09 Feb 0.10 3/ 0.70 0.70 0.00 0.01 0.09 Bangladesh Jan 2.29 0.16 8.00 8.20 0.00 0.01 2.24 Feb 2.29 0.16 7.90 8.20 0.00 0.01 2.14 Vietnam Jan 1.02 3/ 6.40 6.40 0.00 0.00 1.03 Feb 1.02 3/ 6.30 6.30 0.00 0.00 1.03 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on suppl y less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso , Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. February 2023 WASDE - 633 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 94.55 368.52 165.55 315.94 363.87 164.99 99.75 World Less China 69.93 348.92 65.81 222.94 251.13 164.92 68.61 United States 14.28 114.75 0.54 58.26 60.91 61.67 6.99 Total Foreign 80.27 253.77 165.01 257.69 302.96 103.33 92.76 Major Exporters 3/ 47.42 197.39 5.92 90.21 100.84 94.95 54.94 Argentina 26.65 46.20 4.82 40.16 47.41 5.20 25.06 Brazil 20.42 139.50 1.02 46.68 49.88 81.65 29.40 Paraguay 0.33 9.90 0.02 3.30 3.47 6.33 0.45 Major Importers 4/ 27.98 23.25 133.39 122.10 149.80 0.27 34.56 China 24.61 19.60 99.74 93.00 112.74 0.07 31.15 European Union 1.72 2.60 14.79 15.80 17.36 0.19 1.56 Southeast Asia 0.98 0.59 9.68 4.74 10.04 0.01 1.20 Mexico 0.37 0.25 6.10 6.20 6.25 0.00 0.46 2021/22 Est. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 99.75 358.00 157.08 312.89 362.11 153.89 98.83 World Less China 68.61 341.60 65.51 225.39 254.51 153.79 67.43 United States 6.99 121.53 0.43 59.98 62.77 58.72 7.47 Total Foreign 92.76 236.47 156.65 252.91 299.34 95.17 91.36 Major Exporters 3/ 54.94 180.67 4.43 91.30 101.84 87.26 50.94 Argentina 25.06 43.90 3.84 38.83 46.04 2.86 23.90 Brazil 29.40 129.50 0.54 50.25 53.50 79.12 26.82 Paraguay 0.45 4.20 0.04 2.15 2.23 2.27 0.20 Major Importers 4/ 34.56 20.16 123.78 116.28 143.88 0.42 34.20 China 31.15 16.40 91.57 87.50 107.60 0.10 31.40 European Union 1.56 2.71 14.55 15.40 16.97 0.29 1.55 Southeast Asia 1.20 0.53 8.26 4.45 9.27 0.02 0.69 Mexico 0.46 0.29 5.96 6.35 6.40 0.00 0.30 2022/23 Proj. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ Jan 98.22 388.01 164.32 327.32 379.49 167.53 103.52 Feb 98.83 383.01 164.07 323.90 376.41 167.47 102.03 World Less China Jan 66.81 367.68 68.32 232.32 263.19 167.43 72.19 Feb 67.43 362.68 68.07 229.90 261.11 167.37 69.70 United States Jan 7.47 116.38 0.41 61.10 64.37 54.16 5.72 Feb 7.47 116.38 0.41 60.69 63.97 54.16 6.13 Total Foreign Jan 90.75 271.63 163.91 266.22 315.12 113.37 97.80 Feb 91.36 266.63 163.67 263.21 312.44 113.31 95.90 Major Exporters 3/ Jan 50.90 210.80 5.77 94.33 105.36 104.73 57.39 Feb 50.94 206.30 7.02 93.58 104.61 104.73 54.93 Argentina Jan 23.90 45.50 5.00 38.00 45.25 5.70 23.45 Feb 23.90 41.00 6.25 37.30 44.55 4.20 22.40 Brazil Jan 26.81 153.00 0.75 52.50 56.10 91.00 33.46 Feb 26.82 153.00 0.75 52.75 56.35 92.00 32.22 Paraguay Jan 0.18 10.00 0.01 3.75 3.93 5.80 0.46 Feb 0.20 10.00 0.01 3.45 3.63 6.30 0.28 Major Importers 4/ Jan 34.26 23.75 130.03 123.80 153.14 0.37 34.53 Feb 34.20 23.71 129.53 122.50 151.84 0.37 35.23 China Jan 31.40 20.33 96.00 95.00 116.30 0.10 31.33 Feb 31.40 20.33 96.00 94.00 115.30 0.10 32.33 European Union Jan 1.55 2.47 14.40 14.90 16.48 0.25 1.69 Feb 1.55 2.47 13.90 14.65 16.23 0.25 1.44 Southeast Asia Jan 0.75 0.50 9.88 4.85 10.20 0.02 0.92 Feb 0.69 0.50 9.88 4.85 10.20 0.02 0.86 Mexico Jan 0.30 0.23 6.40 6.55 6.60 0.00 0.33 Feb 0.30 0.19 6.40 6.50 6.55 0.00 0.34 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includ es Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to rounding. February 2023 WASDE - 633 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 15.21 248.22 64.44 243.89 69.35 14.64 World Less China 15.21 174.56 64.37 171.21 68.29 14.64 United States 0.31 45.87 0.71 34.18 12.41 0.31 Total Foreign 14.90 202.34 63.73 209.71 56.94 14.33 Major Exporters 3/ 6.54 75.50 0.26 28.33 47.30 6.67 Argentina 2.57 31.32 0.00 3.28 28.33 2.29 Brazil 3.77 36.18 0.02 19.20 16.58 4.20 India 0.20 8.00 0.24 5.85 2.40 0.19 Major Importers 4/ 2.63 22.86 37.25 59.63 1.12 2.00 European Union 0.79 12.48 16.51 28.39 0.85 0.55 Mexico 0.18 4.90 1.85 6.73 0.01 0.20 Southeast Asia 5/ 1.48 3.69 17.05 20.86 0.27 1.10 China 0.00 73.66 0.07 72.68 1.05 0.00 2021/22 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 14.64 245.52 65.87 243.50 68.44 14.09 World Less China 14.64 176.22 65.82 174.63 67.96 14.09 United States 0.31 47.00 0.59 35.35 12.27 0.28 Total Foreign 14.33 198.52 65.28 208.15 56.17 13.80 Major Exporters 3/ 6.67 76.04 0.79 29.16 47.74 6.60 Argentina 2.29 30.29 0.14 3.33 26.59 2.80 Brazil 4.20 38.95 0.01 19.55 20.21 3.40 India 0.19 6.80 0.65 6.29 0.94 0.41 Major Importers 4/ 2.00 22.60 38.09 59.91 1.13 1.67 European Union 0.55 12.17 16.84 28.14 0.77 0.64 Mexico 0.20 5.02 1.83 6.88 0.02 0.15 Southeast Asia 5/ 1.10 3.47 17.73 21.19 0.34 0.77 China 0.00 69.30 0.06 68.87 0.48 0.00 2022/23 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Jan 13.99 256.93 65.45 252.51 69.74 14.12 Feb 14.09 254.38 65.45 250.95 69.41 13.55 World Less China Jan 13.99 181.69 65.40 177.82 69.14 14.12 Feb 14.09 179.93 65.40 176.86 69.01 13.55 United States Jan 0.28 47.94 0.54 36.02 12.43 0.32 Feb 0.28 47.75 0.54 35.83 12.43 0.32 Total Foreign Jan 13.71 208.99 64.91 216.50 57.31 13.80 Feb 13.80 206.63 64.90 215.12 56.98 13.23 Major Exporters 3/ Jan 6.94 78.24 0.12 30.15 48.40 6.75 Feb 6.60 77.73 0.12 29.87 48.40 6.18 Argentina Jan 2.80 29.64 0.00 3.35 26.50 2.59 Feb 2.80 29.09 0.00 3.35 26.20 2.34 Brazil Jan 3.40 40.68 0.02 19.85 20.70 3.55 Feb 3.40 40.88 0.02 19.85 21.00 3.44 India Jan 0.74 7.92 0.10 6.95 1.20 0.62 Feb 0.41 7.76 0.10 6.67 1.20 0.40 Major Importers 4/ Jan 1.64 22.62 38.40 59.82 1.12 1.72 Feb 1.67 22.38 38.40 59.72 1.09 1.64 European Union Jan 0.64 11.77 16.70 27.74 0.80 0.57 Feb 0.64 11.57 16.70 27.64 0.78 0.50 Mexico Jan 0.15 5.18 1.85 6.95 0.01 0.22 Feb 0.15 5.14 1.85 6.95 0.01 0.18 Southeast Asia 5/ Jan 0.74 3.79 18.00 21.44 0.31 0.78 Feb 0.77 3.79 18.00 21.44 0.31 0.82 China Jan 0.00 75.24 0.05 74.69 0.60 0.00 Feb 0.00 74.45 0.05 74.10 0.40 0.00 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. February 2023 WASDE - 633 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 5.29 59.32 11.71 58.42 12.61 5.30 World Less China 4.51 42.66 10.48 40.82 12.57 4.26 United States 0.84 11.35 0.14 10.58 0.79 0.97 Total Foreign 4.45 47.97 11.58 47.84 11.83 4.33 Major Exporters 3/ 1.54 20.54 0.75 12.48 9.02 1.33 Argentina 0.55 7.93 0.00 2.04 6.14 0.30 Brazil 0.48 8.99 0.25 7.95 1.26 0.50 European Union 0.44 3.00 0.49 2.43 1.06 0.44 Major Importers 4/ 1.50 19.96 6.77 26.36 0.21 1.67 China 0.78 16.67 1.23 17.60 0.04 1.03 India 0.18 1.80 3.25 4.95 0.01 0.26 North Africa 5/ 0.43 0.99 1.63 2.60 0.13 0.33 2021/22 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 5.30 59.02 11.45 59.16 12.14 4.47 World Less China 4.26 43.34 11.16 42.51 12.02 4.23 United States 0.97 11.86 0.14 11.26 0.80 0.90 Total Foreign 4.33 47.16 11.31 47.91 11.33 3.56 Major Exporters 3/ 1.33 20.67 0.59 12.58 8.62 1.38 Argentina 0.30 7.66 0.09 2.66 4.87 0.52 Brazil 0.50 9.67 0.03 7.45 2.41 0.35 European Union 0.44 2.93 0.46 2.41 0.97 0.46 Major Importers 4/ 1.67 18.89 6.57 26.13 0.28 0.72 China 1.03 15.68 0.29 16.65 0.11 0.24 India 0.26 1.53 4.23 5.83 0.02 0.18 North Africa 5/ 0.33 1.22 1.41 2.55 0.13 0.26 2022/23 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Jan 4.56 61.49 11.35 60.32 12.28 4.80 Feb 4.47 60.91 11.23 59.86 12.10 4.65 World Less China Jan 4.32 44.47 10.35 42.67 12.19 4.28 Feb 4.23 44.07 10.23 42.41 12.01 4.11 United States Jan 0.90 11.93 0.14 11.75 0.36 0.86 Feb 0.90 11.91 0.14 11.75 0.32 0.88 Total Foreign Jan 3.66 49.56 11.21 48.58 11.92 3.94 Feb 3.56 49.01 11.10 48.11 11.78 3.78 Major Exporters 3/ Jan 1.38 21.17 0.58 12.64 9.18 1.32 Feb 1.38 20.97 0.58 12.64 9.02 1.28 Argentina Jan 0.52 7.51 0.00 2.34 5.25 0.44 Feb 0.52 7.37 0.00 2.34 5.10 0.45 Brazil Jan 0.35 10.11 0.08 7.90 2.25 0.39 Feb 0.35 10.16 0.08 7.90 2.25 0.44 European Union Jan 0.46 2.83 0.50 2.33 1.08 0.38 Feb 0.46 2.78 0.50 2.33 1.08 0.33 Major Importers 4/ Jan 0.82 20.52 6.45 26.50 0.21 1.08 Feb 0.72 20.31 6.40 26.24 0.21 0.98 China Jan 0.24 17.02 1.00 17.65 0.09 0.52 Feb 0.24 16.85 1.00 17.45 0.09 0.55 India Jan 0.24 1.78 3.15 4.98 0.02 0.17 Feb 0.18 1.75 3.15 4.94 0.02 0.13 North Africa 5/ Jan 0.26 1.19 1.55 2.62 0.11 0.28 Feb 0.26 1.19 1.55 2.62 0.11 0.28 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, Bangladesh, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. February 2023 WASDE - 633 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2021 Annual 27,948 27,675 55,815 44,899 5,558 50,995 106,810 9,238 226.3 2022 I 7,022 6,904 13,972 11,170 1,374 12,678 26,650 2,295 56.3 II 7,069 6,639 13,755 11,279 1,275 12,698 26,453 2,207 57.8 III 7,147 6,533 13,725 11,896 1,264 13,311 27,037 2,246 56.5 IV 7,053 6,919 14,018 11,857 1,310 13,306 27,324 2,261 56.0 Annual Jan Est. 28,302 26,996 55,482 46,245 5,223 52,027 107,509 9,023 226.8 Feb Est. 28,290 26,995 55,470 46,201 5,222 51,993 107,462 9,009 226.6 2023 I* 6,830 7,010 13,885 11,350 1,335 12,815 26,700 2,255 56.9 II* 6,595 6,560 13,202 11,550 1,380 13,065 26,267 2,325 58.2 III* 6,530 6,650 13,226 12,000 1,420 13,560 26,786 2,375 56.8 IV* 6,540 7,215 13,802 11,800 1,425 13,350 27,152 2,430 56.4 Annual Jan Proj. 26,445 27,480 54,108 46,900 5,560 52,985 107,093 9,410 229.2 Feb Proj. 26,495 27,435 54,114 46,700 5,560 52,790 106,904 9,385 228.3 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2021 Annual 122.40 67.29 101.2 122.8 118.5 18.53 2022 I 139.25 65.55 135.1 131.4 170.8 24.93 II 141.93 75.58 167.5 143.9 251.6 27.10 III 143.42 80.20 136.1 165.4 295.6 24.80 IV 152.99 63.49 123.5 177.5 411.7 25.40 Annual Jan Est. 144.40 71.21 140.5 154.5 282.4 25.55 Feb Est. 144.40 71.21 140.5 154.5 282.4 25.56 2023 I* 158.00 58.00 122.0 171.0 292.0 22.10 II* 159.00 71.00 127.0 162.0 195.0 20.15 III* 157.00 73.00 128.0 155.0 165.0 19.65 IV* 162.00 64.00 129.0 160.0 175.0 20.85 Annual Jan Proj. 158.5 68.0 128.5 160.0 205.0 21.60 Feb Proj. 159.0 66.5 126.5 162.0 207.0 20.70 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51-52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. February 2023 WASDE - 633 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2021 716 28,016 3,346 32,078 3,441 676 27,962 58.9 2022 Est. Jan 676 28,370 3,376 32,422 3,542 700 28,180 59.2 Feb 676 28,358 3,391 32,425 3,536 723 28,165 59.1 2023 Proj. Jan 700 26,513 3,400 30,613 3,090 640 26,883 56.3 Feb 723 26,563 3,425 30,711 3,090 640 26,981 56.3 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2021 467 27,690 1,180 29,337 7,026 446 21,865 51.1 2022 Est. Jan 446 27,010 1,344 28,800 6,334 500 21,966 51.2 Feb 446 27,009 1,344 28,799 6,338 506 21,955 51.1 2023 Proj. Jan 500 27,495 1,005 29,000 6,350 515 22,135 51.4 Feb 506 27,450 1,005 28,961 6,350 515 22,096 51.1 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2021 1,217 55,906 4,890 62,014 10,470 1,147 50,397 111.5 2022 Est. Jan 1,147 55,574 5,075 61,796 9,881 1,230 50,685 111.8 Feb 1,147 55,561 5,093 61,801 9,880 1,257 50,665 111.6 2023 Proj. Jan 1,230 54,200 4,770 60,199 9,444 1,181 49,574 109.2 Feb 1,257 54,206 4,797 60,260 9,446 1,181 49,633 108.9 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2021 830 44,419 155 45,403 7,355 705 37,343 96.5 2022 Est. Jan 705 45,750 179 46,634 7,282 850 38,502 99.3 Feb 705 45,707 176 46,588 7,278 892 38,418 98.9 2023 Proj. Jan 850 46,398 180 47,428 7,315 830 39,283 100.9 Feb 892 46,200 160 47,253 7,315 840 39,098 100.2 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2021 223 5,558 22 5,804 548 166 5,090 15.3 2022 Est. Jan 166 5,223 88 5,477 405 165 4,906 14.7 Feb 166 5,222 85 5,473 408 190 4,876 14.6 2023 Proj. Jan 165 5,560 120 5,845 400 170 5,275 15.8 Feb 190 5,560 120 5,870 370 185 5,315 15.9 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2021 1,057 50,514 180 51,751 7,947 874 42,930 113.3 2022 Est. Jan 874 51,532 274 52,680 7,718 1,019 43,943 115.6 Feb 874 51,498 268 52,641 7,715 1,087 43,838 115.2 2023 Proj. Jan 1,019 52,483 306 53,808 7,739 1,004 45,065 118.2 Feb 1,087 52,290 286 53,663 7,701 1,030 44,932 117.6 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2021 2,274 106,420 5,070 113,765 18,418 2,021 93,327 224.8 2022 Est. Jan 2,021 107,106 5,349 114,476 17,599 2,249 94,628 227.4 Feb 2,021 107,059 5,361 114,442 17,595 2,344 94,503 226.8 2023 Proj. Jan 2,249 106,682 5,076 114,007 17,183 2,185 94,639 227.4 Feb 2,344 106,496 5,083 113,923 17,147 2,211 94,566 226.5 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. February 2023 WASDE - 633 - 33 U.S. Egg Supply and Use Commodity 2020 2021 2022 Est. 2022 Est. 2023 Proj. 2023 Proj. Jan Feb Jan Feb Eggs Million Dozen Supply Beginning Stocks 31.6 24.5 19.1 19.1 19.0 18.8 Production 9,291.8 9,237.8 9,022.8 9,009.1 9,410.0 9,385.0 Imports 15.5 18.2 24.2 25.9 20.5 26.0 Total Supply 9,338.9 9,280.5 9,066.2 9,054.1 9,449.5 9,429.8 Use Exports 344.0 392.2 223.8 226.5 240.0 240.0 Hatching Use 1,078.5 1,103.9 1,119.0 1,118.0 1,150.0 1,140.0 Ending Stocks 24.5 19.1 19.0 18.8 20.0 20.0 Disappearance Total 7,891.8 7,765.3 7,704.4 7,690.9 8,039.5 8,029.8 Per Capita (number) 285.4 280.4 277.5 276.6 288.6 287.4 Total U.S. Milk Supply and Use Commodity 2020 2021 2022 Est. 2022 Est. 2023 Proj. 2023 Proj. Jan Feb Jan Feb Milk Billion Pounds Production 223.3 226.3 226.8 226.6 229.2 228.3 Farm Use 1.1 1.0 1.1 1.1 1.1 1.1 Fat Basis Supply Beginning Stocks 13.6 15.6 14.3 14.3 13.9 14.4 Marketings 222.2 225.2 225.8 225.6 228.2 227.3 Imports 6.8 6.5 7.3 7.1 7.2 7.3 Total Supply 242.6 247.4 247.4 247.0 249.2 248.9 Fat Basis Use Exports 9.3 11.5 13.6 13.4 13.3 13.1 Ending Stocks 15.6 14.3 13.9 14.4 14.7 14.6 Domestic Use 217.8 221.5 219.8 219.2 221.3 221.2 Skim -solid Basis Supply Beginning Stocks 10.2 10.9 11.1 11.1 11.6 11.8 Marketings 222.2 225.2 225.8 225.6 228.2 227.3 Imports 5.6 5.8 6.6 6.7 6.3 6.4 Total Supply 238.0 241.9 243.4 243.3 246.1 245.4 Skim -solid Basis Use Exports 47.2 50.8 52.6 52.5 52.6 52.1 Ending Stocks 10.9 11.1 11.6 11.8 11.5 12.3 Domestic Use 179.9 180.0 179.3 179.0 182.0 181.1 Total Dairy domestic use for 2020 includes additional milk marketed but not processed. Note: Totals may not add due to rounding. February 2023 WASDE - 633 - 34 U.S. Dairy Prices Commodity 2020 2021 2022 Est. 2022 Est. 2023 Proj. 2023 Proj. Jan Feb Jan Feb Product Prices 1/ Dollars Per Pound Cheese 1.9236 1.6755 2.1122 2.1122 1.930 1.860 Butter 1.5808 1.7325 2.8665 2.8665 2.330 2.330 Nonfat Dry Milk 1.0417 1.2693 1.6851 1.6851 1.340 1.225 Dry Whey 0.3621 0.5744 0.6035 0.6035 0.415 0.365 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 18.16 17.08 21.94 21.94 18.85 17.90 Class IV 13.49 16.09 24.47 24.47 19.25 18.25 All Milk 3/ 18.13 18.53 25.55 25.56 21.60 20.70 All prices are January -December averages. 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation. February 2023 WASDE - 633 - 35 Reliability of February Projections 1/ Note: Tables on pages 35 -37 present a record of the February projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not b e above or below the final estimate by more than 0.6 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 0.9 percent. The average difference between the February projection and the final estimate is 2.5 million tons, ranging from 0 million to 7.3 million tons. The February projection has been below the estimate 31 times and above 10 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 0.6 0.9 2.5 0.0 7.3 31 10 U.S. 0.2 0.3 0.1 0.0 0.3 19 11 Foreign 0.6 1.1 2.5 0.0 7.3 31 10 Exports World 4.7 7.8 4.9 0.1 18.8 30 11 U.S. 3.9 6.6 1.0 0.0 3.0 20 20 Foreign 5.6 9.5 4.7 0.5 18.4 34 7 Domestic Use World 1.1 1.8 5.0 0.1 15.6 19 22 U.S. 3.8 6.4 0.9 0.0 2.4 12 28 Foreign 1.1 1.8 4.8 0.1 15.1 23 18 Ending Stocks World 4.6 7.7 6.1 0.1 18.2 27 14 U.S. 8.2 13.8 1.3 0.0 4.5 29 12 Foreign 5.0 8.5 5.4 0.3 17.0 26 15 COARSE GRAINS 2/ Production World 1.3 2.2 11.2 0.0 36.3 33 8 U.S. 0.2 0.3 0.2 0.0 1.8 18 10 Foreign 1.8 3.1 11.3 0.0 36.3 31 9 Exports World 5.7 9.7 5.8 0.5 27.7 31 10 U.S. 10.3 17.3 4.0 0.1 12.2 22 19 Foreign 9.5 16.0 5.8 0.1 23.4 28 13 Domestic Use World 1.1 1.8 7.9 0.0 31.3 21 20 U.S. 2.8 4.7 3.9 0.0 17.3 15 25 Foreign 1.3 2.1 8.0 0.5 33.0 26 15 Ending Stocks World 10.7 17.9 14.4 0.2 139.8 36 5 U.S. 13.9 23.5 5.1 0.0 18.5 21 20 Foreign 13.1 22.1 12.5 0.8 144.0 36 5 RICE, milled Production World 1.5 2.6 4.3 0.1 14.0 32 9 U.S. 1.4 2.4 0.0 0.0 0.3 12 6 Foreign 1.5 2.6 4.3 0.1 14.0 32 9 Exports World 8.4 14.2 1.7 0.0 5.2 31 10 U.S. 7.5 12.6 0.2 0.0 0.6 20 19 Foreign 9.3 15.7 1.6 0.0 5.3 30 11 Domestic Use World 1.3 2.1 3.4 0.2 13.3 26 15 U.S. 7.1 11.9 0.2 0.0 0.5 18 23 Foreign 1.3 2.2 3.4 0.1 13.0 26 15 Ending Stocks World 9.0 15.1 5.1 0.2 27.0 32 9 U.S. 18.5 31.2 0.2 0.0 0.5 22 18 Foreign 9.2 15.4 5.1 0.0 26.9 32 8 1/ Footnotes at end of table. CONTINUED February 2023 WASDE - 633 - 36 Reliability of February Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 2.7 4.5 4.4 0.4 15.3 23 18 U.S. 1.4 2.3 0.7 0.0 3.2 18 17 Foreign 4.5 7.6 4.4 0.3 14.9 25 16 Exports World 6.1 10.3 3.3 0.1 13.2 26 15 U.S. 7.1 12.0 1.8 0.2 6.7 27 14 Foreign 15.2 25.6 3.1 0.0 17.2 19 22 Domestic Use World 2.2 3.7 3.3 0.0 10.9 21 20 U.S. 3.0 5.0 1.1 0.0 3.0 27 14 Foreign 2.6 4.4 2.9 0.0 12.5 21 20 Ending Stocks World 13.9 23.4 4.1 0.0 19.3 24 17 U.S. 40.3 67.8 2.0 0.1 6.9 13 28 Foreign 15.2 25.6 3.8 0.2 19.1 27 14 COTTON Million 480 -Pound Bales Production World 2.4 4.0 1.8 0.0 5.4 29 12 U.S. 1.1 1.8 0.1 0.0 0.3 14 26 Foreign 2.8 4.8 1.8 0.1 5.7 29 12 Exports World 5.8 9.8 1.6 0.0 7.9 25 16 U.S. 9.8 16.6 0.7 0.0 2.2 22 18 Foreign 7.3 12.4 1.3 0.1 7.2 24 17 Domestic Use World 3.6 6.0 2.3 0.3 17.0 21 20 U.S. 7.6 12.8 0.2 0.0 0.9 22 16 Foreign 3.5 6.0 2.2 0.4 16.1 22 19 Ending Stocks World 9.6 16.1 3.9 0.0 17.5 25 15 U.S. 21.2 35.6 0.8 0.0 2.1 14 27 Foreign 10.3 17.3 3.7 0.1 15.6 27 14 1/ Marketing years 1981/82 through 2021/22 for grains, soybeans (U.S. only), and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2020/21, and for 2021/22 the last mon th’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. February 2023 WASDE - 633 - 37 Reliability of United States February Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 0.2 0.3 7 0 72 2 5 Exports 10.8 18.2 145 9 388 20 21 Domestic Use 2.7 4.6 133 6 474 17 24 Ending Stocks 15.8 26.6 202 8 838 23 18 SORGHUM Production 0.1 0.2 0 0 4 0 2 Exports 16.1 27.1 27 0 97 25 14 Domestic Use 15.9 26.7 30 1 178 18 23 Ending Stocks 41.3 69.5 23 1 148 14 27 BARLEY Production 1.0 1.6 1 0 11 20 4 Exports 23.0 38.7 6 0 35 14 22 Domestic Use 7.3 12.3 15 0 70 19 20 Ending Stocks 13.7 23.1 13 0 52 25 15 OATS Production 0.4 0.7 0 0 2 5 4 Exports 49.1 82.7 1 0 3 9 8 Domestic Use 5.1 8.6 10 0 36 15 25 Ending Stocks 16.4 27.6 11 1 47 24 17 SOYBEAN MEAL Thousand Short Tons Production 3.0 5.0 871 35 3,117 29 12 Exports 9.2 15.5 631 1 2,626 30 11 Domestic Use 2.6 4.3 581 7 2,066 25 16 Ending Stocks 34.3 57.8 66 0 253 16 23 SOYBEAN OIL Million Pounds Production 2.8 4.8 399 7 1,242 27 14 Exports 23.7 39.9 317 25 1,027 23 18 Domestic Use 2.9 5.0 376 0 1,261 25 15 Ending Stocks 19.2 32.3 283 25 1,131 24 17 ANIMAL PROD. Million Pounds Beef 2.8 4.8 581 9 1,613 26 14 Pork 3.0 5.0 399 10 1,717 23 17 Broilers 1.6 2.8 377 0 1,225 25 14 Turkeys 3.0 5.1 127 2 465 19 21 Million Dozen Eggs 2.0 3.3 109 4 525 23 17 Billion Pounds Milk 1.3 2.2 1.6 0.1 5.7 21 19 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2021/22 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2021/22. Calendar years 1982 through 2021 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2021. WASDE- 633-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricult ural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. IPAD is located at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 U.S. DEPARTMENT OF AGRICULTURE Thursday, February 23 Friday, February 24Agricultural Outlook Forum 2023 Register at usda.gov/oce/ag-outlook-forum8:00 a.m. Welcome: Deputy Secretary Jewel Bronaugh 8:10 a.m. 2023 Agricultural Economic & Foreign Trade Outlook: Chief Economist Seth Meyer 8:45 - 9:05 a.m. Keynote Address: USDA Secretary Thomas Vilsack 9:10 - 10:10 a.m. Workers and the Workforce: Essential Contributors to American Agriculture 10:45 a.m. - 12:00 p.m. Plenary Session: Building a Prosperous Rural America 12:00 - 1:15 p.m. Networking Lunch (Visualizing Data at USDA – only available on the virtual platform) Concurrent Sessions Food Price & Farm Income OutlooksU.S. Trade & the Global MarketplaceSupply Chain Challenges and SolutionsClimate Mitigation & AdaptationFrontiers in Agriculture 1:30 - 3:00 p.m. U.S. Food Price Outlook Salon 4 U.S. Administration’s Perspective on Agricultural Trade Salon 3Transportation and Global Supply Chain Disruptions Salon 1&2Partnerships for Climate-Smart Commodities: Testing and Developing New Markets Salon 5&6Biotechnology in Agriculture – New Horizons for Consumers and Producers Salon J&K 3:00 - 3:30 p.m. Break 3:30 - 5:00 p.m. U.S. Farm Income and the State of the Farm Economy Salon 4Impact of Russia’s Invasion of Ukraine on the Global Agricultural Trading System Salon 3Fertilizer Availability and Price Volatility – Implications for Production Costs, Consumer Prices, and Food Security Salon 1&2Drought, Water Supply, and Western Agriculture Salon 5&6Bringing Renewable Energy Opportunities to Rural Communities Salon J&K 5:15 - 6:15 p.m. Reception with USDA Women Leaders 6:30 p.m. Dinner Speaker: Dr. Karen M. St. Germain, Earth Science Division Director, NASA 8:30 - 9:30 a.m. Morning Get Together: A Conversation Between USDA Secretary Tom Vilsack and EU Ag Commissioner Janusz Wojciechowski Concurrent Sessions Commodity OutlookU.S. Trade & the Global MarketplaceSupply Chain Challenges and SolutionsClimate Mitigation & AdaptationCommodity Outlook 10:00 - 11:30 a.m. Grains and Oilseeds Outlook Salon 3Foreign Investment in U.S. Agriculture – Current Status and Looking Ahead Salon 4Competitive, Open and Resilient Livestock and Poultry Sectors: Opportunities and Challenges Salon 1&2Climate-smart Practices in Ag and Forestry: Enhancing Resilience and Adding Value Salon 5&6Sugar Outlook Salon J&K Luncheons 12:00 - 1:15 p.m. Cotton & Fiber Salon 1&2Grains & Oilseeds Salon 3Livestock & Poultry Salon 4Specialty Crop Bee Healthy and Climate Smart Salon 5&6Sugar & Sweeteners Salon J&K Commodity OutlookU.S. Trade & the Global MarketplaceFood Safety and NutritionClimate Mitigation and AdaptationCommodity Outlook 1:45 - 3:15 p.m. Cotton Outlook Salon 1&2Highly Pathogenic Avian Influenza (HPAI) and International Trade Salon 3USDA’s Action on Nutrition Security Salon 4Tools and Resources to Put Climate Adaptation into Action Salon J&KLivestock and Poultry Outlook Salon 5&6 3:15 - 3:30 p.m. Break 3:30 - 5:00 p.m. Dairy Outlook Salon 1&2Organic Outlook Salon 5&6Combatting Foodborne Illness – Science, Collaboration and Innovation Salon 3Equity & InclusionFood Availability and Affordability in 2023: Perspectives from the Three Largest Producers and TradersIncreasing Access to USDA Programs for Underserved Producers Salon J&K AdjournU.S. Agriculture: Seeds of Growth Through Innovation For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ Click to receive WASDE -related notifications b y email Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at [email protected] World A gricultural Supply and Demand Estimates WASDE -633 – February 8, 2023 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and empl oyer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 643 Approved by the World Agricultural Outlook Board December 8, 2023 WHEAT: The outlook for 2023/24 U.S. wheat this month is for unchanged supplies and domestic use, higher exports, and reduced ending stocks. Exports are raised 25 million bushels to 725 million on several large recent export sales of Soft Red Winter (SRW) wheat to China. SRW exports are raised 30 million bushels to 175 million, the largest SRW exports since 2013/14. White wheat exports are lowered 5 million bushels to 155 million on a slow pace of sales and shipments. Projected all wheat ending stocks are reduced by 25 million bushels to 659 million, still up 13 percent from last year. The season -average farm price is raised $0.10 per bushel to $7.30 on lower projected stocks, NASS prices reported to date, and price expectations for the remainder of the marketing year. The global wheat outlook for 2023/24 is for higher supplies, consumption, and trade with reduced stocks. Supplies are raised 1.3 million tons to 1,052.9 million, primarily on higher government production estimates for Australia and Canada partially offset by a reduction for Brazil. Global consumption is raised 1.8 million tons to 794.7 million, mainly on higher feed and residual use for the EU, South Korea, and Thailand and increased food, seed, and industrial use primarily for China. World trade is raised 2.2 million tons to 207.2 million on higher exports by Australia, the United States, Canada, and Ukraine. Projected 2023/24 global ending stocks are reduced 0.5 million tons to 258.2 million, the lowest since 2015/16. COARSE GRAINS: This month’s 2023/24 U.S. corn outlook is for higher exports and lower ending stocks. Exports are raised 25 million bushels to 2.1 billion reflecting the pace of sales and shipments to date. With no other use changes, corn ending stocks are reduced 25 million bushels to 2.1 billion. The season- average corn price received by producers is unchanged at $4.85 per bushel. Global coarse grain production for 2023/24 is forecast 2.7 million tons higher to 1,502.0 million. The 202 3/24 foreign coarse grain outlook is for larger production, increased trade, and higher ending stocks relative to last month. Foreign corn production is raised with increases for Russia, Ukraine, the EU, and Egypt partially offset by reductions for Mexico and Canada. Corn production for Ukraine and Russia is raised based on reported harvest results to date. EU corn production is higher as an increase for France is partially offset by a reduction for Bulgaria. Mexico corn production is cut mostly reflecting lower area. Foreign barley production is raised with increases for Canada and Australia. Corn exports are raised for Ukraine, the United States, and Turkey. Corn imports are higher for Mexico and Iraq. Barley exports are raised for Canada while imports are raised for China. For 2022/23, corn imports are raised for Mexico but lowered for the EU and WASDE- 643-2 Saudi Arabia. Barley exports are raised for Australia. Foreign corn ending stocks for 2023/24 are slightly higher based on increases for Ukraine and Russia. Global corn stocks, at 315.2 million tons, are up fractionally. RICE : The outlook for 2023/24 U.S. rice is for increased supplies, unchanged use and exports, and larger ending stocks. Supply is raised on a larger import forecast for long- grain rice, on the strong pace of jasmine and basmati imports. All rice exports are unchanged, with an increase in long- grain exports completely offset by a decrease in medium - and short -grain exports. With no other changes to the U.S. 2023/24 balance sheet, ending stocks are raised 1.0 million cwt to 41.9 million. The all rice season - average farm price (SAFP) is raised $0.50 per cwt to $17.80, on higher forecasts for long- grain and southern medium - and short -grain rice. The SAFP for long- grain rice is increased $0.50 per cwt to $16.00, based primarily on NASS August- October reported prices and recent strength in futures prices. The 2023/24 global outlook for rice this month is for a slight increase in supplies, lower trade, less use, and higher ending stocks. Supplies are raised just 0.2 million tons to 692.8 million, primarily on larger production in Thailand, which has greater water availability than previously expected. The global consumption forecast is nearly unchanged at 525.1 million tons, with an increase in consumption in India offset by decreases in several countries including China and Colombia. Global trade is forecast 0.7 million tons smaller to 52.0 million, as a decrease for India is only partly made up for by larger exports from Thailand. Global 2023/24 ending stocks are raised by 0.3 million tons to 167.8 million, the lowest since 2017/18. OILSEEDS: Total U.S. oilseed production for 2023/24 is forecast at 121.5 million tons, down slightly due to a reduction for cottonseed. Soybean supply and use projections for 2023/24 are unchanged from last month. The U.S. season -average soybean price forecast is unchanged at $12.90 per bushel. The soybean meal price forecast is increased $10.00 to $390.00 per short ton. The soybean oil price is forecast at 57 cents per pound, down 4 cents. Global oilseed production for 2023/24 is projected at 661.0 million tons, down 0.5 million from last month. Lower soybean and sunflowerseed production are partly offset by higher rapeseed production. Soybean production is lowered 1.5 million tons mainly on lower production for Brazil, reduced 2.0 million tons to 161.0 million reflecting hot and dry conditions in southern Mato Grosso and northeast Brazil. Partly offsetting is higher soybean production for Canada and Russia. Sunflowerseed production is reduced for Argentina on lower harvested area. Global rapeseed production is raised 1.4 million tons to 87.0 million on higher production for Canada and Australia guided by recent government reports. The global 2023/24 soybean outlook includes higher beginning stocks, lower production, increased exports, and slightly lower ending stocks. Beginning stocks are raised mainly on a 2.0- million -ton increase to 160.0 million for Brazil’s 2022/23 production based on higher -than- expected use through November. Increased supplies and early exports in the 2023/24 marketing year (starting October 2023) led to a 2 .0-million -ton increase to Brazil’s exports. China’s imports are also raised 2.0 million tons to 102.0 million on strong WASDE- 643-3 early season shipments by major exporters. Global soybean ending stocks are reduced slightly as higher stocks for China are offset by lower stocks for Brazil. SUGAR: Mexico production for 2023/24 is projected at 5.283 million metric tons (MT), a decrease of 47,000 from last month but up 58,752 over last year. Production costs are lower this year and production i n some areas has benefitted from October seasonal rains. With lower fertilizer prices this year, growers have increased its use back to normal levels compared with last season. Nonetheless, widespread moderate to extreme drought conditions limit the impact of increased fertilizer on production. October r ainfall likely benefitted the crop in Veracruz, Jalisco, and southern states but the effect will not likely manifest until later in the season. The effect of extreme drought conditions in San Luis Potosí, Tamaulipas, and Michoacan are unlikely to be revers ed. CONADESUCA released its first estimate of 2023/24 production immediately after the release of last month’s WASDE. It pegs production at 5.188 million MT. Its forecast of production of low polarity sugar for export to the United States is 11.8 percent of the total, or 612,131 MT. Applying that percentage to the USDA projection implies low polarity sugar production at 632,751 MT. Assuming that all of this sugar is exported to the U.S. market and like last year constitutes about 75 percent of the total exported, exports to the United States are then projected at 831,083 MT. Exports to other countries are unchang ed at 25,000 MT and total exports at 856,083 MT are down 194,669 from last month. Deliveries and ending stocks are unchanged and imports are residually projected at 285,869 MT, down 147,669 from last month. U.S. sugar supply for 2023/24 is increased by 119,852 short tons, raw value (STRV) mostly on an increase in imports. USTR reallocated the raw sugar TRQ at the end of November and USDA expects an import increase due to that action of 162,855 STRV leaving TR Q shortfall at 91,776 (down from 254,632 last month). Imports from Mexico are down by 227,461 STRV to 971,079. High- tier tariff imports are increased by 190,000 STRV to 465,000 constituted by 290,000 of raw sugar and 175,000 refined. Louisiana cane sugar production for 2023/24 is increased 12,250 STRV to 1.799 million on a higher sugarcane yield forecast by NASS. Texas production is increased slightly as well on processor reporting. Beet sugar production is unchanged. Deliveries are unchanged but exports are increased 65,000 STRV to 100,000 on the increase in the monthly pace seen over the July- October period. Ending stocks are projected at 1.624 million STRV, implying a stocks -to-use ratio of 12.76 percent. LIVESTOCK, POULTRY, AND DAIRY : The forecast for 2023 red meat and poultry production is raised from last month as higher pork and broiler forecasts for the fourth quarter are partly offset by lower turkey. Beef production is unchanged with lower expected cattle slaughter offset by higher dressed weights. Pork production is raised on higher slaughter. Broiler production is raised on current slaughter and hatchery data. Turkey production is lowered on recent slaughter data. Egg production is unchanged from last month. For 2024, the beef forecast is raised due to higher cattle slaughter and higher dressed weights. The pork production forecast is unchanged . The Quarterly Hogs and Pigs report, to be published December 22, 2023, will provide estimates of the pig crops and producer WASDE- 643-4 farrowing intentions affecting 2024 production. Broiler production for the first quarter is lowered on recent hatchery data. Turkey production is lowered based on recent hatchery data and weaker expected returns. Egg production is reduced due to recent outbreaks of High Pathogen Avian Influenza. Beef imports for 2023 are raised on recent data, but exports are lowered. Imports are raised for 2024 on expectations of demand for processing -grade beef. Pork imports and exports for 2023 are raised on recent data. Pork imports for 2024 are raised on a continued pace of shipments from Canada. Pork exports for 2024 are lowered due to weaker demand from Asian markets. The broiler export forecast for 2023 is raised on recent trade data, but 2024 exports are lowered. Turkey exports are raised for 2023 and 2024 based on weaker turkey prices. Cattle price forecasts are lowered for the fourth quarter of 2023 and 2024 on recent price movements and as larger expected placements of cattle in late 2023 are marketed in 2024. Hog prices are lowered for the fourth quarter of 2023 and early 2024 based on prices to date. Broiler prices for the fourth quarter of 2023 are lowered slightly based on prices to date but are unchanged for 2024. Turkey prices are lowered for fourth -quarter 2023 based on current prices . The turkey prices for 2024 are also lowered due to expected weakness in demand. The egg price forecast for the fourth quarter of 2023 is lowered, reflecting recent price declines. Egg price forecasts for the first half of 2024 are raised however, on lowered production forecasts. The milk production forecast for 2023 is lowered from last month due to slower expected growth in milk per cow. Production in 2024 is lowered due to lower milk cow numbers and reduced milk per cow. The fat basis import forecast for 2023 is raised due to higher imports of cheese. Skim - solids imports are lowered due to fewer shipments of milk protein products. The fat basis export forecast is lowered due to lower butter exports. The skim -solids export forecast is raised due to higher whey product shipments which more than offset lower expected nonfat/skim powder. For 2024, the import forecast is raised on a fat basis, but lower ed on a skim -solid s basis. Fat basis exports are lowered for 2024 on lower expected butter shipments, while a higher skim -solid s basis forecast reflects higher nonfat/skim powder and whey product exports. For 2023, based on recent prices, cheese and butter price forecasts are lowered while the nonfat dry milk (NDM) price is raised. The whey price is unchanged. The Class III and Class IV price forecasts are both lower on lower cheese and butter prices. For 2024, the cheese price forecast is lowered, while butter, NDM, and whey prices are raised. The Class III price forecast is lowered due lower cheese prices. The Class IV price forecast is raised due to higher butter and NDM price forecasts. The all milk price forecast for 2023 is lowered to $20.60. The 2024 all milk price forecast is lowered to $20.25. COTTON : This month’s 2023/24 U.S. cotton forecasts include lower production, mill use , and ending stocks. Production is reduced 314,000 bales to 12.8 million largely due to a 500,000- bale decrease in the Texas crop. U.S. mill use is reduced 150,000 bales as spinning activity continues to lag, and at 1.9 million bales , is expected to be its lowest WASDE- 643-5 since 1884. Ending stocks are now projected 100,000 bales lower than in November at 3.1 million bales, or 22 percent of disappearance. The projected upland cotton season - average farm price is unchanged at 77 cents per pound. The global December 2023/24 cotton balance sheet includes lower consumption and higher ending stocks than last month. World consumption is projected 1.6 million bales lower, largely due to a 1.0 -million -bale reduction in China. Turkey’s consumption forecast is 400,000 bales lower, and the United States and Mexico are also down, while Bangladesh is up 100,000 bales. Global production is forecast 540,000 bales lower than in November as reductions for the United States, Turkey, and Mexico more than offset a 200,000 -bale increase for Pakistan. World trade is down only slightly as larger expected imports by China— up 500,000 bales —nearly offset reductions in Turkey, Pakistan, and Bangladesh. Larger expected exports by Turkey are more than offset by a 300,000 -bale reduction for Brazil and smaller reductions elsewhere. World 2023/24 ending stocks are forecast 900,000 bales hi gher this month, with China’s projected stocks up 1.5 million bales. Total projected global stocks of 82.4 million bales are 72 percent of use. Approved by the Secretary of Agriculture and by the Chairman of the World Agricultural Outlook Board, Mark Jekanowski, (202) 720 -6030 . This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: ROBERT BONNIE SECRETARY OF AGRICULTURE DESIGNATE WASDE- 643-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone, ICEC Chair, WAOB, [email protected] Andrew Sowell, ERS; Rachel Trego, FAS; Bruce McWilliams, FPAC. Rice: Mark Simone, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS ; Kent Lanclos, FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Aaron Ates , ERS; Kevin Min, FAS; Jacob Vuillemin, FPAC. Oilseeds: Joanna Hitchner , ICEC Chair, WAOB, [email protected] Maria Bukowski, ERS; Agata Kingsbury, FAS; Gustavo Ferreira, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; Graham Soley, FAS; Kent Lanclos, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Vida Abadam, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Claire Mezoughem, FAS; Jacob Vuillemin, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Grace Grossen, ERS; Claire Mezoughem, FAS; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Adriana Valcu- Lisman, ERS; Jeffery Dwyer, FAS; Georgi Gabrielyan, FPAC. In 2024 the WASDE report will be released on Jan 12, Feb 8, Mar 8, Apr 11, May 10, Jun 12, Jul 12, Aug 12, Sep 12, Oct 11, Nov 8, and Dec 10. WASDE- 643-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Production .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 December 2023 WASDE - 643 - 8 World and U.S. Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2021/22 2794.86 3589.79 513.49 2796.87 792.92 2022/23 (Est.) 2750.08 3543.00 495.80 2768.92 774.08 filler filler filler filler filler 2023/24 (Proj.) Nov 2799.08 3572.40 495.98 2805.18 767.23 2023/24 (Proj.) Dec 2803.06 3577.14 499.61 2809.63 767.51 filler filler filler filler filler Wheat 2021/22 780.01 1064.44 202.76 792.13 272.31 2022/23 (Est.) 789.66 1061.97 220.48 792.12 269.85 filler filler filler filler filler 2023/24 (Proj.) Nov 781.98 1051.53 205.01 792.84 258.69 2023/24 ( Proj.) Dec 783.01 1052.86 207.19 794.66 258.20 filler filler filler filler filler Coarse Grains 5/ 2021/22 1501.77 1824.78 253.83 1486.93 337.86 2022/23 (Est.) 1447.44 1785.30 221.27 1455.81 329.49 filler filler filler filler filler 2023/24 (Proj.) Nov 1499.31 1828.30 238.30 1487.17 341.12 2023/24 (Proj.) Dec 1501.99 1831.48 240.45 1489.93 341.55 filler filler filler filler filler Rice, milled 2021/22 513.08 700.56 56.90 517.81 182.75 2022/23 (Est.) 512.98 695.73 54.05 520.99 174.74 filler filler filler filler filler 2023/24 (Proj.) Nov 517.80 692.58 52.68 525.16 167.42 2023/24 (Proj.) Dec 518.07 692.81 51.97 525.05 167.76 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2021/22 448.60 513.41 94.82 360.73 57.85 2022/23 (Est.) 408.09 473.78 67.73 352.26 53.78 filler filler filler filler filler 2023/24 (Proj.) Nov 456.55 518.21 80.18 360.62 77.41 2023/24 (Proj.) Dec 456.55 518.26 81.49 360.64 76.13 filler filler filler filler filler Wheat 2021/22 44.80 70.42 21.66 29.76 19.01 2022/23 (Est.) 44.90 67.22 20.65 30.75 15.83 filler filler filler filler filler 2023/24 (Proj.) Nov 49.31 69.09 19.05 31.43 18.60 2023/24 (Proj.) Dec 49.31 69.09 19.73 31.43 17.92 filler filler filler filler filler Coarse Grains 5/ 2021/22 397.71 434.32 70.52 326.22 37.58 2022/23 (Est.) 358.10 398.94 45.04 316.90 37.00 filler filler filler filler filler 2023/24 (Proj.) Nov 400.26 439.94 58.40 324.04 57.51 2023/24 (Proj.) Dec 400.26 439.97 59.03 324.06 56.88 filler filler filler filler filler Rice, milled 2021/22 6.08 8.67 2.65 4.76 1.26 2022/23 (Est.) 5.09 7.62 2.04 4.62 0.96 filler filler filler filler filler 2023/24 (Proj.) Nov 6.98 9.17 2.73 5.14 1.30 2023/24 (Proj.) Dec 6.98 9.21 2.73 5.14 1.33 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). December 2023 WASDE - 643 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2021/22 2,346.27 3,076.38 418.66 2,436.14 735.06 2022/23 (Est.) 2,341.99 3,069.22 428.07 2,416.65 720.30 filler filler filler filler filler 2023/24 (Proj.) Nov 2,342.53 3,054.20 415.81 2,444.56 689.82 2023/24 (Proj.) Dec 2,346.51 3,058.88 418.11 2,448.99 691.38 filler filler filler filler filler Wheat 2021/22 735.21 994.02 181.11 762.37 253.30 2022/23 (Est.) 744.76 994.74 199.83 761.37 254.02 filler filler filler filler filler 2023/24 (Proj.) Nov 732.67 982.44 185.96 761.41 240.08 2023/24 (Proj.) Dec 733.69 983.77 187.46 763.22 240.28 filler filler filler filler filler Coarse Grains 5/ 2021/22 1,104.06 1,390.47 183.31 1,160.71 300.27 2022/23 (Est.) 1,089.34 1,386.36 176.23 1,138.91 292.50 filler filler filler filler filler 2023/24 (Proj.) Nov 1,099.04 1,388.35 179.90 1,163.13 283.61 2023/24 (Proj.) Dec 1,101.72 1,391.51 181.42 1,165.87 284.67 filler filler filler filler filler Rice, milled 2021/22 507.00 691.89 54.25 513.06 181.49 2022/23 (Est.) 507.89 688.11 52.01 516.37 173.78 filler filler filler filler filler 2023/24 (Proj.) Nov 510.82 683.41 49.95 520.02 166.12 2023/24 (Proj.) Dec 511.09 683.60 49.24 519.90 166.43 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2021/22 114.55 192.20 43.20 116.23 76.34 2022/23 (Est.) 116.64 192.97 37.03 111.52 82.83 filler filler filler filler filler 2023/24 ( Proj.) Nov 113.46 196.50 43.31 115.30 81.50 2023/24 (Proj.) Dec 112.92 195.75 43.15 113.73 82.40 filler filler filler filler filler United States 2021/22 17.52 20.68 14.48 2.55 4.05 2022/23 (Est.) 14.47 18.52 12.77 2.05 4.25 filler filler filler filler filler 2023/24 (Proj.) Nov 13.09 17.35 12.20 2.05 3.20 2023/24 (Proj.) Dec 12.78 17.03 12.20 1.90 3.10 filler filler filler filler filler Foreign 4/ 2021/22 97.03 171.52 28.71 113.68 72.29 2022/23 (Est.) 102.17 174.45 24.26 109.47 78.58 filler filler filler filler filler 2023/24 (Proj.) Nov 100.37 179.15 31.11 113.25 78.30 2023/24 (Proj.) Dec 100.14 178.72 30.95 111.83 79.30 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. December 2023 WASDE - 643 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2021/22 611.68 727.70 179.42 510.24 117.36 2022/23 (Est.) 633.52 750.88 201.84 523.42 120.22 filler filler filler filler filler 2023/24 (Proj.) Nov 661.46 780.08 194.57 542.18 131.38 2023/24 (Proj.) Dec 660.99 781.21 196.80 542.48 131.69 filler filler filler filler filler Oilmeals 2021/22 349.58 369.85 96.30 346.99 20.55 2022/23 (Est.) 356.43 376.98 96.61 355.58 17.73 filler filler filler filler filler 2023/24 (Proj.) Nov 370.21 387.91 100.46 363.96 20.12 2023/24 (Proj.) Dec 370.41 388.14 100.73 364.20 20.03 filler filler filler filler filler Vegetable Oils 2021/22 207.83 236.60 79.56 202.46 29.13 2022/23 (Est.) 217.21 246.34 88.15 210.94 30.89 filler filler filler filler filler 2023/24 (Proj.) Nov 223.49 254.27 89.84 218.92 30.34 2023/24 (Proj.) Dec 223.60 254.49 89.82 218.75 30.70 filler filler filler filler filler United States Output Total Supply Trade Total Use 2 / Ending Stocks Oilseeds 2021/22 131.35 141.17 59.55 63.87 9.14 2022/23 (Est.) 125.75 136.42 55.12 64.35 8.96 filler filler filler filler filler 2023/24 (Proj.) Nov 121.54 132.02 48.77 66.69 8.24 2023/24 (Proj.) Dec 121.45 131.93 48.78 66.68 8.25 filler filler filler filler filler Oilmeals 2021/22 49.27 53.23 12.46 40.42 0.35 2022/23 (Est.) 50.05 54.70 13.52 40.77 0.41 filler filler filler filler filler 2023/24 (Proj.) Nov 51.49 56.13 14.11 41.58 0.44 2023/24 (Proj.) Dec 51.49 56.13 14.11 41.58 0.44 filler filler filler filler filler Vegetable Oils 2021/22 13.06 19.62 1.05 17.30 1.27 2022/23 (Est.) 13.27 20.81 0.33 19.36 1.12 filler filler filler filler filler 2023/24 (Proj.) Nov 13.61 21.31 0.33 19.88 1.10 2023/24 (Proj.) Dec 13.58 21.32 0.33 19.89 1.10 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2021/22 480.33 586.53 119.87 446.37 108.22 2022/23 (Est.) 507.77 614.46 146.73 459.07 111.26 filler filler filler filler filler 2023/24 (Proj.) Nov 539.92 648.06 145.81 475.49 123.14 2023/24 (Proj.) Dec 539.54 649.28 148.02 475.80 123.45 filler filler filler filler filler Oilmeals 2021/22 300.31 316.62 83.85 306.57 20.20 2022/23 (Est.) 306.38 322.28 83.09 314.81 17.31 filler filler filler filler filler 2023/24 (Proj.) Nov 318.72 331.78 86.36 322.38 19.68 2023/24 (Proj.) Dec 318.92 332.00 86.62 322.62 19.59 filler filler filler filler filler Vegetable Oils 2021/22 194.77 216.98 78.52 185.16 27.86 2022/23 (Est.) 203.94 225.53 87.81 191.58 29.77 filler filler filler filler filler 2023/24 (Proj.) Nov 209.87 232.96 89.51 199.03 29.24 2023/24 (Proj.) Dec 210.02 233.16 89.49 198.85 29.60 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. December 2023 WASDE - 643 - 11 U.S. Wheat Supply and Use 1/ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Nov Dec Million Acres Area Planted 46.7 45.7 49.6 49.6 Area Harvested 37.1 35.5 37.3 37.3 Bushels Yield per Harvested Acre 44.3 46.5 48.6 48.6 Million Bushels Beginning Stocks 845 698 582 582 Production 1,646 1,650 1,812 1,812 Imports 96 122 145 145 Supply, Total 2,588 2,470 2,539 2,539 Food 971 973 970 970 Seed 58 68 65 65 Feed and Residual 64 89 120 120 Domestic, Total 1,093 1,130 1,155 1,155 Exports 796 759 700 725 Use, Total 1,889 1,888 1,855 1,880 Ending Stocks 698 582 684 659 Avg. Farm Price ($/bu) 2/ 7.63 8.83 7.20 7.30 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2022/23 (Est.) Beginning Stocks 376 146 99 54 24 698 Production 531 446 336 272 64 1,650 Imports 5 56 4 7 51 122 Supply, Total 3/ 911 648 439 333 139 2,470 Food 374 266 163 85 85 973 Seed 29 17 14 6 3 68 Feed and Residual 51 -7 65 -20 0 89 Domestic Use 453 276 242 70 88 1,130 Exports 224 214 107 190 23 759 Use, Total 678 490 349 261 111 1,888 Ending Stocks, Total 234 158 90 72 28 582 2023/24 (Proj.) Beginning Stocks 234 158 90 72 28 582 Production 601 468 449 235 59 1,812 Imports 25 65 10 5 40 145 Supply, Total 3/ 860 691 549 312 127 2,539 Food 378 260 164 85 83 970 Seed 27 18 12 6 2 65 Feed and Residual 30 10 80 0 0 120 Domestic Use 435 288 256 91 85 1,155 Exports 145 225 175 155 25 725 Use, Total 580 513 431 246 110 1,880 Ending Stocks, Total Dec 280 178 118 66 17 659 Ending Stocks, Total Nov 280 178 148 61 17 684 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. December 2023 WASDE - 643 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Nov Dec Million Acres Area Planted 105.8 100.5 107.7 107.7 Area Harvested 94.4 87.0 96.7 96.7 Metric Tons Yield per Harvested Acre 4.21 4.11 4.13 4.13 Million Metric Tons Beginning Stocks 34.0 37.6 37.0 37.0 Production 397.5 357.8 400.0 400.0 Imports 2.3 2.9 2.4 2.4 Supply, Total 433.8 398.3 439.4 439.4 Feed and Residual 148.7 144.2 147.0 147.0 Food, Seed & Industrial 177.0 172.1 176.5 176.5 Domestic, Total 325.7 316.3 323.5 323.5 Exports 70.5 45.0 58.4 59.0 Use, Total 396.2 361.3 381.9 382.5 Ending Stocks 37.6 37.0 57.5 56.9 CORN 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. November December Million Acres Area Planted 93.3 88.6 94.9 94.9 Area Harvested 85.3 79.1 87.1 87.1 Bushels Yield per Harvested Acre 176.7 173.4 174.9 174.9 Million Bushels Beginning Stocks 1,235 1,377 1,361 1,361 Production 15,074 13,715 15,234 15,234 Imports 24 39 25 25 Supply, Total 16,333 15,130 16,621 16,621 Feed and Residual 5,726 5,549 5,650 5,650 Food, Seed & Industrial 2/ 6,757 6,558 6,740 6,740 Ethanol & by -products 3/ 5,320 5,176 5,325 5,325 Domestic, Total 12,483 12,108 12,390 12,390 Exports 2,472 1,661 2,075 2,100 Use, Total 14,956 13,769 14,465 14,490 Ending Stocks 1,377 1,361 2,156 2,131 Avg. Farm Price ($/bu) 4/ 6.00 6.54 4.85 4.85 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed -grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by- products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. December 2023 WASDE - 643 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Nov Dec Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 7.3 6.3 7.2 7.2 Area Harvested (mil. acres) 6.5 4.6 6.3 6.3 Yield (bushels/acre) 69.0 41.1 51.4 51.4 Beginning Stocks 20 47 24 24 Production 448 188 322 322 Imports 0 0 0 0 Supply, Total 468 235 346 346 Feed and Residual 80 43 45 45 Food, Seed & Industrial 45 59 55 55 Total Domestic 125 102 100 100 Exports 296 109 220 220 Use, Total 421 211 320 320 Ending Stocks 47 24 26 26 Avg. Farm Price ($/bu) 2/ 5.94 5.94 4.85 4.85 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. November December Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.7 3.0 3.1 3.1 Area Harvested (mil. acres) 2.0 2.4 2.6 2.6 Yield (bushels/acre) 60.3 71.6 72.4 72.4 Beginning Stocks 71 42 58 58 Production 120 175 185 185 Imports 15 24 14 14 Supply, Total 206 241 257 257 Feed and Residual 17 49 60 60 Food, Seed & Industrial 139 131 125 125 Total Domestic 157 181 185 185 Exports 7 2 3 3 Use, Total 164 183 188 188 Ending Stocks 42 58 69 69 Avg. Farm Price ($/bu) 2/ 5.31 7.40 7.20 7.40 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. November December Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.6 2.6 2.6 2.6 Area Harvested (mil. acres) 0.7 0.9 0.8 0.8 Yield (bushels/acre) 61.3 64.8 68.6 68.6 Beginning Stocks 38 33 35 35 Production 40 58 57 57 Imports 81 84 85 85 Supply, Total 159 174 177 177 Feed and Residual 44 57 55 55 Food, Seed & Industrial 79 81 81 81 Total Domestic 124 138 136 136 Exports 3 2 2 2 Use, Total 126 140 138 138 Ending Stocks 33 35 39 39 Avg. Farm Price ($/bu) 2/ 4.55 4.57 3.50 3.60 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. December 2023 WASDE - 643 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Nov Dec Million Acres Area Planted 2.53 2.22 2.90 2.90 Area Harvested 2.49 2.17 2.85 2.85 Fil ler Pounds Yield per Harvested Acre 7,709 7,383 7,707 7,707 Million Hundredweight Beginning Stocks 2/ 43.7 39.7 30.3 30.3 Production 191.6 160.4 219.7 219.7 Imports 37.8 39.9 39.0 40.0 Supply, Total 273.0 240.0 288.9 289.9 Domestic & Residual 3/ 149.8 145.4 162.0 162.0 Exports, Total 4/ 83.5 64.3 86.0 86.0 Rough 28.2 18.1 27.0 29.0 Milled (rough equiv.) 55.3 46.2 59.0 57.0 Use, Total 233.3 209.7 248.0 248.0 Ending Stocks 39.7 30.3 40.9 41.9 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 16.10 19.20 17.30 17.80 Total LONG -GRAIN RICE 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. November December Harvested Acres (mil.) 1.94 1.77 Yield (pounds/acre) 7,471 7,224 Beginning Stocks 29.7 24.6 21.2 21.2 Imports 30.7 31.9 32.0 33.0 Production 144.6 128.2 152.1 152.1 Supply, Total 7/ 205.0 184.7 205.2 206.2 Domestic & Residual 3/ 118.3 113.7 124.0 124.0 Exports 8/ 62.0 49.8 59.0 61.0 Use, Total 180.3 163.5 183.0 185.0 Ending Stocks 24.6 21.2 22.2 21.2 Avg. Farm Price ($/cwt) 6/ 13.60 16.70 15.50 16.00 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. November December Harvested Acres (mil.) 0.55 0.40 Yield (pounds/acre) 8,549 8,094 Beginning Stocks 11.5 13.0 6.8 6.8 Imports 7.1 8.0 7.0 7.0 Production 47.0 32.2 67.6 67.6 Supply, Total 7/ 66.0 53.0 81.4 81.4 Domestic & Residual 3/ 31.5 31.7 38.0 38.0 Exports 8/ 21.5 14.5 27.0 25.0 Use, Total 53.0 46.2 65.0 63.0 Ending Stocks 13.0 6.8 16.4 18.4 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 26.40 29.40 23.00 23.30 California 10/ 31.90 36.00 26.00 26.00 Other States 1/ 13.90 18.20 16.50 17.50 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2019/20 -1.0; 2020/21-2.5;2021/2 2-2.0. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing -year weighted average price received by farme rs. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The California medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the f inal price may differ. 10/ Marketing year beginning October 1. * For June --Planted acres reported in March 31, 2023, "Prospective P lantings." Harvested acres are estimated using long run harvested -to-planted ratios by rice class. For July --Planted and harvested area are reported in June 30, 2023 "Acreage" report. Projected yield is based on by -class trend analysis and planted area. December 2023 WASDE - 643 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Nov Dec Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 87.2 87.5 83.6 83.6 Area Harvested 86.3 86.2 82.8 82.8 Fil ler Bushels Yield per Harvested Acre 51.7 49.6 49.9 49.9 Million Bushels Beginning Stocks 257 274 268 268 Production 4,465 4,270 4,129 4,129 Imports 16 25 30 30 Supply, Total 4,738 4,569 4,428 4,428 Crushings 2,204 2,212 2,300 2,300 Exports 2,152 1,992 1,755 1,755 Seed 102 97 101 101 Residual 6 0 26 26 Use, Total 4,464 4,301 4,182 4,182 Ending Stocks 274 268 245 245 Avg. Farm Price ($/bu) 2/ 13.30 14.20 12.90 12.90 Total SOYBEAN OIL 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. November December Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 2,131 1,991 1,602 1,602 Production 4/ 26,155 26,227 27,025 27,025 Imports 303 376 400 400 Supply, Total 28,589 28,594 29,027 29,027 Domestic Disappearance 24,827 26,614 27,100 27,100 Biofuel 3/ 10,379 12,491 12,800 12,800 Food, Feed & other Industrial 14,449 14,123 14,300 14,300 Exports 1,771 378 350 350 Use, Total 26,598 26,992 27,450 27,450 Ending stocks 1,991 1,602 1,577 1,577 Avg. Price (c/lb) 2/ 72.98 65.26 61.00 57.00 Total SOYBEAN MEAL 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. November December Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 341 311 371 371 Production 4/ 51,814 52,493 54,154 54,154 Imports 655 632 600 600 Supply, Total 52,810 53,436 55,125 55,125 Domestic Disappearance 38,959 38,402 39,425 39,425 Exports 13,540 14,664 15,300 15,300 Use, Total 52,499 53,065 54,725 54,725 Ending Stocks 311 371 400 400 Avg. Price ($/s.t.) 2/ 439.81 451.91 380.00 390.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects soybean oil used for biofuels as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,219 million bushels for 2022/23 and 2,300 million bushels for 2023/24. December 2023 WASDE - 643 - 16 U.S. Sugar Supply and Use 1/ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Nov Dec Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,705 1,820 1,875 1,855 Production 2/ 9,157 9,248 9,229 9,243 Beet Sugar 5,155 5,187 5,363 5,363 Cane Sugar 4,002 4,061 3,866 3,880 Florida 1,934 1,983 2,037 2,037 Louisiana 1,944 2,001 1,787 1,799 Texas 124 76 42 44 Imports 3,646 3,614 3,130 3,256 TRQ 3/ 1,579 1,862 1,457 1,620 Other Program 4/ 298 141 200 200 Non-program 1,769 1,611 1,474 1,436 Mexico 1,379 1,156 1,199 971 High -tier tariff/other 390 455 275 465 Total Supply 14,508 14,683 14,234 14,354 Exports 29 82 35 100 Deliveries 12,578 12,589 12,630 12,630 Food 12,470 12,473 12,525 12,525 Other 5/ 107 116 105 105 Miscellaneous 81 156 0 0 Total Use 12,688 12,828 12,665 12,730 Ending Stocks 1,820 1,855 1,569 1,624 Stocks to Use Ratio 14.3 14.5 12.4 12.8 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2022/23 and 2023/24 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2022/23, WTO raw sugar TRQ shortfall (161) and for 2023/24 (92). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol ma nufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE - reported deliveries: 2021/22 -- 303; estimated 2022/23 -- 296; projected 2023/24 -- 291 Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2022/23 Est. Nov 964 5,224 285 4,627 1,011 835 2022/23 Est. Dec 964 5,224 285 4,627 1,011 835 2023/24 Proj. Nov 835 5,330 434 4,648 1,051 900 2023/24 Proj. Dec 835 5,283 286 4,648 856 900 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2021/22 = 1,320; Estimated 2022/23 = 1,392; Projected 2023/24 = 1,407; Estimated Oct.2023 -Oct 2023 = 133; Estimated Oct. -Oct. 2022 = 122. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2022/23 (405 est =387 dom.+18 import); 2023/24 (400 proj = 375 d om.+25 import). Statistical Adjustments: 2022/23 (29), 2023/24 (0). December 2023 WASDE - 643 - 17 U.S. Cotton Supply and Use 1/ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Nov Dec Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 11.22 13.76 10.23 10.23 Harvested 10.27 7.31 8.02 8.02 Fil ler Pounds Yield per Harvested Acre 819 950 783 765 Million 480 Pound Bales Beginning Stocks 3.15 4.05 4.25 4.25 Production 17.52 14.47 13.09 12.78 Imports 0.01 0.00 0.01 0.01 Supply, Total 20.68 18.52 17.35 17.03 Domestic Use 2.55 2.05 2.05 1.90 Exports, Total 14.48 12.77 12.20 12.20 Use, Total 17.03 14.82 14.25 14.10 Unaccounted 2/ -0.40 -0.55 -0.11 -0.17 Ending Stocks 4.05 4.25 3.20 3.10 Avg. Farm Price 3/ 91.4 84.8 77.0 77.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. December 2023 WASDE - 643 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 284.43 780.01 199.93 161.12 792.13 202.76 272.31 World Less China 145.31 643.07 190.36 126.12 644.13 201.89 135.55 United States 23.00 44.80 2.62 1.75 29.76 21.66 19.01 Total Foreign 261.43 735.21 197.31 159.38 762.37 181.11 253.30 Major Exporters 4/ 34.88 327.13 5.79 78.40 185.70 142.40 39.71 Argentina 2.32 22.15 0.00 0.25 6.55 16.00 1.93 Australia 3.02 36.24 0.21 5.00 8.50 27.51 3.45 Canada 5.95 22.42 0.55 5.15 10.15 15.12 3.66 European Union 5/ 10.70 138.16 4.63 45.00 108.25 31.93 13.31 Russia 11.38 75.16 0.30 18.50 41.75 33.00 12.09 Ukraine 1.51 33.01 0.10 4.50 10.50 18.84 5.27 Major Importers 6/ 177.63 204.00 130.32 54.87 323.93 15.28 172.74 Bangladesh 2.14 1.09 6.34 0.55 8.25 0.00 1.31 Brazil 1.91 7.70 6.39 0.45 11.75 3.07 1.18 China 139.12 136.95 9.57 35.00 148.00 0.88 136.76 Japan 1.04 1.13 5.61 0.75 6.30 0.30 1.18 N. Africa 7/ 12.42 21.27 26.61 1.87 47.02 0.41 12.88 Nigeria 0.79 0.09 6.19 0.05 5.85 0.60 0.62 Sel. Mideast 8/ 10.23 16.47 22.76 3.88 38.87 0.75 9.84 Southeast Asia 9/ 4.45 0.00 27.02 8.50 25.63 1.20 4.64 Selected Other India 27.80 109.59 0.03 7.00 109.88 8.03 19.50 Kazakhstan 1.48 11.81 2.50 1.35 6.20 8.10 1.49 United Kingdom 1.42 13.99 2.64 7.32 15.32 0.87 1.85 2022/23 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 272.31 789.66 211.74 154.81 792.12 220.48 269.85 World Less China 135.55 651.93 198.46 121.81 644.12 219.53 131.03 United States 19.01 44.90 3.32 2.42 30.75 20.65 15.83 Total Foreign 253.30 744.76 208.42 152.39 761.37 199.83 254.02 Major Exporters 4/ 39.71 335.12 13.22 75.12 182.52 161.12 44.40 Argentina 1.93 12.55 0.01 0.05 6.55 4.00 3.93 Australia 3.45 40.55 0.20 4.50 8.00 31.82 4.37 Canada 3.66 34.34 0.55 4.17 9.32 25.59 3.64 European Union 5/ 13.31 134.19 12.10 44.00 108.00 35.08 16.52 Russia 12.09 92.00 0.30 19.00 42.25 47.50 14.64 Ukraine 5.27 21.50 0.06 3.40 8.40 17.12 1.30 Major Importers 6/ 172.74 205.95 133.41 50.74 320.55 15.13 176.41 Bangladesh 1.31 1.10 5.12 0.20 6.70 0.00 0.83 Brazil 1.18 10.60 4.68 0.55 11.95 2.69 1.82 China 136.76 137.72 13.28 33.00 148.00 0.95 138.82 Japan 1.18 1.04 5.45 0.75 6.25 0.29 1.13 N. Africa 7/ 12.88 17.33 29.12 1.67 46.42 0.77 12.14 Nigeria 0.62 0.11 4.73 0.00 4.70 0.40 0.36 Sel. Mideast 8/ 9.84 17.19 24.66 3.68 39.78 0.65 11.25 Southeast Asia 9/ 4.64 0.00 24.54 7.40 24.15 1.28 3.75 Selected Other India 19.50 104.00 0.05 6.50 108.68 5.38 9.50 Kazakhstan 1.49 16.40 3.00 1.80 6.75 10.87 3.27 United Kingdom 1.85 15.54 2.02 7.00 15.00 1.91 2.50 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2023 WASDE - 643 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Nov 269.55 781.98 204.70 157.79 792.84 205.01 258.69 Dec 269.85 783.01 206.73 158.89 794.66 207.19 258.20 World Less China Nov 130.73 644.98 192.70 120.79 639.84 204.11 124.77 Dec 131.03 646.01 194.23 121.89 641.16 206.29 124.28 United States Nov 15.83 49.31 3.95 3.27 31.43 19.05 18.60 Dec 15.83 49.31 3.95 3.27 31.43 19.73 17.92 Total Foreign Nov 253.72 732.67 200.76 154.53 761.41 185.96 240.08 Dec 254.02 733.69 202.78 155.62 763.22 187.46 240.28 Major Exporters 4/ Nov 43.56 317.30 8.68 75.75 183.05 150.00 36.49 Dec 44.40 319.25 9.68 76.25 183.55 152.00 37.79 Argentina Nov 3.93 15.00 0.00 0.05 6.55 10.00 2.38 Dec 3.93 15.00 0.00 0.05 6.55 10.00 2.38 Australia Nov 3.51 24.50 0.20 4.00 7.50 17.50 3.21 Dec 4.37 25.50 0.20 4.00 7.50 18.50 4.07 Canada Nov 3.66 31.00 0.60 3.50 8.70 23.00 3.56 Dec 3.64 31.95 0.60 3.50 8.70 23.50 4.00 European Union 5/ Nov 16.52 134.30 7.50 44.00 108.50 37.50 12.32 Dec 16.52 134.30 8.50 44.50 109.00 37.50 12.82 Russia Nov 14.64 90.00 0.30 20.00 43.00 50.00 11.94 Dec 14.64 90.00 0.30 20.00 43.00 50.00 11.94 Ukraine Nov 1.30 22.50 0.08 4.20 8.80 12.00 3.08 Dec 1.30 22.50 0.08 4.20 8.80 12.50 2.58 Major Importers 6/ Nov 176.52 207.65 130.82 54.32 326.83 16.95 171.22 Dec 176.41 206.64 131.92 54.87 327.98 16.45 170.55 Bangladesh Nov 0.83 1.10 5.80 0.25 6.75 0.00 0.98 Dec 0.83 1.10 5.80 0.25 6.75 0.00 0.98 Brazil Nov 1.82 9.40 5.60 0.80 12.30 3.00 1.52 Dec 1.82 8.40 5.60 0.80 12.20 2.50 1.12 China Nov 138.82 137.00 12.00 37.00 153.00 0.90 133.92 Dec 138.82 137.00 12.50 37.00 153.50 0.90 133.92 Japan Nov 1.13 1.12 5.50 0.65 6.25 0.30 1.20 Dec 1.13 1.12 5.50 0.65 6.25 0.30 1.20 N. Africa 7/ Nov 12.14 16.73 30.60 1.75 47.30 0.70 11.47 Dec 12.14 16.73 30.10 1.75 47.30 0.70 10.97 Nigeria Nov 0.36 0.12 4.80 0.00 4.60 0.35 0.33 Dec 0.36 0.12 4.80 0.00 4.60 0.35 0.33 Sel. Mideast 8/ Nov 11.25 19.17 22.52 3.32 39.98 0.63 12.34 Dec 11.25 19.17 22.52 3.32 39.98 0.63 12.34 Southeast Asia 9/ Nov 3.68 0.00 24.30 6.75 23.60 1.12 3.26 Dec 3.75 0.00 25.20 7.10 24.15 1.12 3.68 Selected Other India Nov 9.50 110.55 0.10 5.50 108.65 0.50 11.00 Dec 9.50 110.55 0.10 5.50 108.65 0.50 11.00 Kazakhstan Nov 3.27 12.00 2.00 1.00 5.95 10.00 1.32 Dec 3.27 12.00 2.00 1.00 5.95 10.00 1.32 United Kingdom Nov 2.50 14.30 2.00 6.90 15.00 1.90 1.90 Dec 2.50 14.30 2.00 6.90 15.00 1.90 1.90 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2023 WASDE - 643 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 323.01 1,501.77 230.11 907.49 1,486.93 253.83 337.86 World Less China 115.56 1,220.92 188.61 679.66 1,166.90 253.82 128.08 United States 34.01 397.71 2.59 148.79 326.22 70.52 37.58 Total Foreign 289.00 1,104.06 227.52 758.70 1,160.71 183.31 300.27 Major Exporters 4/ 19.40 332.29 9.78 138.87 184.93 149.16 27.38 Argentina 2.05 58.64 0.01 12.02 17.84 40.22 2.63 Australia 2.98 19.22 0.00 5.89 7.76 10.83 3.61 Brazil 4.60 120.62 3.25 63.59 75.68 48.30 4.50 Canada 3.63 25.12 6.40 17.50 25.79 5.65 3.71 Russia 1.90 38.54 0.10 22.23 31.11 7.58 1.85 Ukraine 1.65 53.51 0.02 10.63 13.46 32.93 8.79 Major Importers 5/ 36.02 248.24 138.72 285.32 369.66 15.33 37.98 European Union 6/ 14.51 154.84 21.30 117.48 158.27 13.76 18.62 Japan 1.63 0.24 16.51 13.09 16.82 0.00 1.56 Mexico 3.60 32.79 18.56 31.05 50.77 0.25 3.93 N. Afr & Mideast 7/ 6.97 29.05 40.50 60.81 69.40 0.69 6.43 Saudi Arabia 1.33 0.15 8.28 8.02 8.35 0.00 1.41 Southeast Asia 8/ 5.22 30.90 17.31 41.11 49.48 0.64 3.31 South Korea 2.04 0.19 11.62 9.26 11.78 0.00 2.07 Selected Other China 207.46 280.85 41.50 227.83 320.03 0.01 209.77 2022/23 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 337.86 1,447.44 212.75 890.13 1,455.81 221.27 329.49 World Less China 128.08 1,161.94 180.13 660.18 1,134.66 221.24 122.79 United States 37.58 358.10 3.25 144.31 316.90 45.04 37.00 Total Foreign 300.27 1,089.34 209.49 745.83 1,138.91 176.23 292.50 Major Exporters 4/ 27.38 327.28 4.43 135.80 183.46 146.96 28.67 Argentina 2.63 40.72 0.01 8.95 14.88 26.70 1.78 Australia 3.61 18.84 0.00 5.77 7.65 10.94 3.86 Brazil 4.50 141.60 1.95 66.55 80.19 57.02 10.84 Canada 3.71 30.54 2.18 17.11 24.76 7.95 3.72 Russia 1.85 44.13 0.10 23.68 33.15 10.62 2.32 Ukraine 8.79 33.93 0.02 6.70 9.17 29.92 3.65 Major Importers 5/ 37.98 229.87 136.09 273.75 356.66 13.08 34.20 European Union 6/ 18.62 133.04 25.46 111.61 151.33 11.11 14.68 Japan 1.56 0.25 16.45 13.11 16.80 0.00 1.45 Mexico 3.93 33.88 20.24 32.88 52.75 0.10 5.20 N. Afr & Mideast 7/ 6.43 31.39 33.04 55.78 63.80 1.07 6.00 Saudi Arabia 1.41 0.14 7.61 7.41 7.75 0.00 1.41 Southeast Asia 8/ 3.31 30.93 17.80 39.70 48.20 0.80 3.04 South Korea 2.07 0.16 11.23 9.04 11.55 0.00 1.91 Selected Other China 209.77 285.50 32.62 229.95 321.15 0.04 206.70 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, an d Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indone sia, Malaysia, Philippines, Thailand, and Vietnam. December 2023 WASDE - 643 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Nov 328.99 1,499.31 228.22 914.12 1,487.17 238.30 341.12 Dec 329.49 1,501.99 230.64 916.91 1,489.93 240.45 341.55 World Less China Nov 122.29 1,214.01 190.12 678.02 1,159.82 238.27 138.39 Dec 122.79 1,216.69 191.94 680.21 1,161.98 240.42 138.82 United States Nov 37.00 400.26 2.69 147.08 324.04 58.40 57.51 Dec 37.00 400.26 2.71 147.10 324.06 59.03 56.88 Total Foreign Nov 291.99 1,099.04 225.54 767.05 1,163.14 179.90 283.61 Dec 292.50 1,101.72 227.93 769.81 1,165.87 181.42 284.67 Major Exporters 4/ Nov 28.61 333.04 5.11 139.71 189.31 150.35 27.10 Dec 28.67 336.08 5.14 140.66 190.20 151.65 28.05 Argentina Nov 1.78 63.28 0.01 11.61 17.77 45.50 1.80 Dec 1.78 63.28 0.01 11.61 17.77 45.50 1.80 Australia Nov 4.28 13.04 0.00 6.11 7.99 7.16 2.17 Dec 3.86 13.34 0.00 6.11 7.99 7.16 2.06 Brazil Nov 10.81 134.33 1.70 68.28 83.31 55.03 8.50 Dec 10.84 134.33 1.70 68.28 83.31 55.03 8.53 Canada Nov 3.72 26.38 3.25 16.54 24.39 5.88 3.08 Dec 3.72 27.16 3.25 16.81 24.75 6.18 3.19 Russia Nov 2.32 42.20 0.10 22.25 31.55 11.31 1.77 Dec 2.32 43.20 0.10 22.95 32.25 11.31 2.07 Ukraine Nov 3.16 36.42 0.02 7.51 10.09 22.07 7.45 Dec 3.65 37.42 0.02 7.51 9.94 23.07 8.09 Major Importers 5/ Nov 33.81 233.11 144.53 283.45 367.23 12.78 31.45 Dec 34.20 232.74 145.73 284.25 368.23 12.98 31.47 European Union 6/ Nov 14.67 136.13 26.68 112.62 152.86 10.59 14.02 Dec 14.68 136.56 26.68 112.92 153.16 10.69 14.05 Japan Nov 1.45 0.25 17.01 13.34 17.24 0.00 1.47 Dec 1.45 0.25 17.01 13.34 17.24 0.00 1.47 Mexico Nov 4.84 32.31 19.53 33.09 52.89 0.30 3.49 Dec 5.20 31.31 20.33 33.19 53.19 0.20 3.45 N. Afr & Mideast 7/ Nov 5.87 33.12 37.12 61.18 69.38 1.27 5.47 Dec 6.00 33.32 37.42 61.48 69.68 1.47 5.59 Saudi Arabia Nov 1.41 0.15 8.81 8.62 8.96 0.00 1.41 Dec 1.41 0.15 8.81 8.62 8.96 0.00 1.41 Southeast Asia 8/ Nov 3.11 30.91 18.81 40.55 49.10 0.61 3.11 Dec 3.04 30.91 18.91 40.65 49.20 0.61 3.04 South Korea Nov 1.91 0.16 11.91 9.54 12.03 0.00 1.95 Dec 1.91 0.16 11.91 9.54 12.03 0.00 1.95 Selected Other China Nov 206.70 285.30 38.10 236.10 327.35 0.03 202.73 Dec 206.70 285.30 38.70 236.70 327.95 0.03 202.73 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit , and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Afr ica and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade ex cludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2023 WASDE - 643 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 292.95 1,217.27 184.45 744.55 1,199.70 206.59 310.51 World Less China 87.24 944.72 162.57 535.55 908.70 206.59 101.38 United States 31.36 382.89 0.62 145.46 317.09 62.80 34.98 Total Foreign 261.59 834.38 183.84 599.10 882.61 143.79 275.54 Major Exporters 4/ 9.04 238.99 2.67 93.66 116.66 117.60 16.45 Argentina 1.18 49.50 0.01 10.10 14.20 34.69 1.80 Brazil 4.15 116.00 2.60 59.50 70.50 48.28 3.97 Russia 0.75 15.23 0.05 10.00 11.10 4.00 0.93 South Africa 2.12 16.14 0.00 6.86 12.66 3.65 1.95 Ukraine 0.83 42.13 0.02 7.20 8.20 26.98 7.80 Major Importers 5/ 21.60 136.78 94.26 165.82 222.25 6.92 23.47 Egypt 1.36 7.44 9.76 14.50 17.00 0.00 1.56 European Union 6/ 7.83 71.55 19.74 60.00 81.70 6.03 11.39 Japan 1.39 0.01 15.00 11.70 15.04 0.00 1.36 Mexico 3.08 26.76 17.57 25.80 44.00 0.25 3.16 Southeast Asia 7/ 5.21 30.85 16.13 40.10 48.25 0.64 3.30 South Korea 2.02 0.09 11.51 9.22 11.56 0.00 2.06 Selected Other Canada 2.17 14.61 6.14 12.17 17.98 2.19 2.75 China 205.70 272.55 21.88 209.00 291.00 0.00 209.14 2022/23 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2 / Exports Ending Stocks World 3/ 310.51 1,157.24 172.14 729.99 1,167.66 180.98 300.10 World Less China 101.38 880.04 153.43 511.99 868.66 180.97 94.06 United States 34.98 348.37 0.98 140.96 307.55 42.20 34.58 Total Foreign 275.54 808.87 171.16 589.03 860.10 138.79 265.52 Major Exporters 4/ 16.45 230.93 1.38 89.80 114.60 116.82 17.34 Argentina 1.80 34.00 0.01 7.50 11.70 23.00 1.11 Brazil 3.97 137.00 1.30 62.50 75.00 57.00 10.27 Russia 0.93 15.83 0.05 8.90 10.00 5.90 0.91 South Africa 1.95 17.10 0.00 6.90 13.00 3.80 2.25 Ukraine 7.80 27.00 0.02 4.00 4.90 27.12 2.80 Major Importers 5/ 23.47 118.98 95.19 156.95 212.55 5.11 19.99 Egypt 1.56 7.44 6.22 11.20 13.70 0.00 1.51 European Union 6/ 11.39 52.40 23.15 55.00 75.50 4.21 7.23 Japan 1.36 0.01 14.93 11.70 15.00 0.00 1.30 Mexico 3.16 28.08 19.36 27.50 46.00 0.10 4.50 Southeast Asia 7/ 3.30 30.88 16.25 38.35 46.60 0.80 3.03 South Korea 2.06 0.09 11.10 9.00 11.35 0.00 1.90 Selected Other Canada 2.75 14.54 2.13 9.58 14.93 2.86 1.63 China 209.14 277.20 18.71 218.00 299.00 0.01 206.04 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2023 WASDE - 643 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Nov 299.22 1,220.79 189.87 759.78 1,205.03 199.62 314.99 Dec 300.10 1,222.07 191.53 761.30 1,206.95 201.46 315.22 World Less China Nov 93.18 943.79 166.87 536.78 901.03 199.60 112.97 Dec 94.06 945.07 168.53 538.30 902.95 201.44 113.20 United States Nov 34.58 386.97 0.64 143.52 314.72 52.71 54.75 Dec 34.58 386.97 0.64 143.52 314.72 53.34 54.12 Total Foreign Nov 264.64 833.83 189.24 616.26 890.31 146.92 260.23 Dec 265.52 835.10 190.89 617.78 892.23 148.12 261.10 Major Exporters 4/ Nov 16.95 246.30 1.28 94.90 121.60 124.70 18.23 Dec 17.34 248.30 1.28 95.60 122.30 125.70 18.91 Argentina Nov 1.11 55.00 0.01 9.80 14.10 41.00 1.01 Dec 1.11 55.00 0.01 9.80 14.10 41.00 1.01 Brazil Nov 10.27 129.00 1.20 63.50 77.50 55.00 7.97 Dec 10.27 129.00 1.20 63.50 77.50 55.00 7.97 Russia Nov 0.91 16.00 0.05 9.80 10.90 5.30 0.76 Dec 0.91 17.00 0.05 10.50 11.60 5.30 1.06 South Africa Nov 2.25 16.80 0.00 7.30 13.60 3.40 2.05 Dec 2.25 16.80 0.00 7.30 13.60 3.40 2.05 Ukraine Nov 2.41 29.50 0.02 4.50 5.50 20.00 6.43 Dec 2.80 30.50 0.02 4.50 5.50 21.00 6.82 Major Importers 5/ Nov 19.67 124.35 101.65 166.00 222.15 5.01 18.50 Dec 19.99 123.85 102.55 166.60 222.95 5.01 18.42 Egypt Nov 1.50 7.00 8.50 13.10 15.60 0.00 1.40 Dec 1.51 7.20 8.50 13.30 15.80 0.00 1.41 European Union 6/ Nov 7.18 59.80 24.50 59.10 80.00 4.10 7.38 Dec 7.23 60.10 24.50 59.30 80.20 4.20 7.43 Japan Nov 1.30 0.01 15.50 12.00 15.50 0.00 1.31 Dec 1.30 0.01 15.50 12.00 15.50 0.00 1.31 Mexico Nov 4.14 26.50 18.80 27.90 46.30 0.30 2.84 Dec 4.50 25.50 19.60 28.00 46.60 0.20 2.80 Southeast Asia 7/ Nov 3.10 30.86 17.95 39.90 48.20 0.61 3.10 Dec 3.03 30.86 18.05 40.00 48.30 0.61 3.03 South Korea Nov 1.90 0.09 11.80 9.50 11.85 0.00 1.94 Dec 1.90 0.09 11.80 9.50 11.85 0.00 1.94 Selected Other Canada Nov 1.63 15.30 3.20 10.70 16.20 1.80 2.13 Dec 1.63 15.08 3.20 10.50 16.00 1.80 2.10 China Nov 206.04 277.00 23.00 223.00 304.00 0.02 202.02 Dec 206.04 277.00 23.00 223.00 304.00 0.02 202.02 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2023 WASDE - 643 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 187.48 513.08 54.48 517.81 56.90 182.75 World Less China 70.98 364.09 48.53 361.45 54.82 69.75 United States 1.39 6.08 1.20 4.76 2.65 1.26 Total Foreign 186.09 507.00 53.28 513.06 54.25 181.49 Major Exporters 4/ 46.92 197.74 1.76 158.75 43.91 43.76 Burma 1.31 12.40 0.00 10.50 2.34 0.88 India 37.00 129.47 0.00 110.45 22.03 34.00 Pakistan 1.89 9.32 0.01 3.70 4.82 2.70 Thailand 3.98 19.88 0.05 12.70 7.68 3.53 Vietnam 2.74 26.67 1.70 21.40 7.05 2.66 Major Importers 5/ 126.78 242.00 22.46 263.16 2.54 125.54 China 116.50 148.99 5.95 156.36 2.08 113.00 European Union 6/ 0.68 1.73 2.41 3.50 0.41 0.91 Indonesia 3.06 34.40 0.74 35.30 0.00 2.90 Nigeria 1.69 5.26 2.45 7.35 0.00 2.05 Philippines 2.36 12.54 3.60 15.40 0.00 3.10 Sel. Mideast 7/ 0.91 2.15 4.35 6.20 0.00 1.21 Selected Other Brazil 1.17 7.34 0.93 7.15 1.39 0.90 C. Amer & Carib 8/ 0.57 1.62 1.68 3.27 0.04 0.57 Egypt 1.16 2.90 0.61 4.05 0.01 0.61 Japan 1.94 7.64 0.69 8.20 0.12 1.95 Mexico 0.20 0.18 0.74 0.97 0.01 0.14 South Korea 1.02 3.88 0.44 3.95 0.05 1.33 2022/23 Est. Beginning Stocks Productio n Imports Total /2 Domestic Exports Ending Stocks World 3/ 182.75 512.98 54.13 520.99 54.05 174.74 World Less China 69.75 367.04 49.74 366.00 52.31 68.14 United States 1.26 5.09 1.27 4.62 2.04 0.96 Total Foreign 181.49 507.89 52.86 516.38 52.01 173.78 Major Exporters 4/ 43.76 200.90 1.86 162.41 42.31 41.81 Burma 0.88 11.80 0.00 10.20 1.40 1.08 India 34.00 135.76 0.00 114.51 20.25 35.00 Pakistan 2.70 5.50 0.01 3.60 3.76 0.84 Thailand 3.53 20.91 0.05 12.70 8.50 3.29 Vietnam 2.66 26.94 1.80 21.40 8.40 1.60 Major Importers 5/ 125.54 238.74 22.72 264.14 2.16 120.69 China 113.00 145.95 4.38 154.99 1.74 106.60 European Union 6/ 0.91 1.34 2.30 3.35 0.39 0.81 Indonesia 2.90 34.00 3.00 35.90 0.00 4.00 Nigeria 2.05 5.36 2.28 7.50 0.00 2.18 Philippines 3.10 12.63 3.75 16.00 0.00 3.48 Sel. Mideast 7/ 1.21 2.02 4.28 6.25 0.00 1.25 Selected Other Brazil 0.90 7.00 1.00 7.00 1.20 0.70 C. Amer & Carib 8/ 0.57 1.54 1.98 3.38 0.05 0.65 Egypt 0.61 3.60 0.39 4.00 0.01 0.60 Japan 1.95 7.48 0.66 8.20 0.12 1.77 Mexico 0.14 0.14 0.78 0.98 0.01 0.08 South Korea 1.33 3.76 0.26 3.95 0.06 1.35 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. December 2023 WASDE - 643 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Nov 174.78 517.80 49.81 525.16 52.68 167.42 Dec 174.74 518.07 49.35 525.05 51.97 167.76 World Less China Nov 68.18 368.80 46.81 373.06 50.68 62.92 Dec 68.14 369.07 46.55 373.15 49.97 63.26 United States Nov 0.96 6.98 1.24 5.14 2.73 1.30 Dec 0.96 6.98 1.27 5.14 2.73 1.33 Total Foreign Nov 173.82 510.82 48.57 520.02 49.95 166.12 Dec 173.78 511.09 48.08 519.90 49.24 166.43 Major Exporters 4/ Nov 41.92 199.45 1.46 164.65 39.90 38.28 Dec 41.81 199.95 1.46 165.60 39.10 38.51 Burma Nov 1.08 11.95 0.00 10.25 1.80 0.99 Dec 1.08 11.95 0.00 10.25 1.80 0.99 India Nov 35.00 132.00 0.00 117.00 17.50 32.50 Dec 35.00 132.00 0.00 118.00 16.50 32.50 Pakistan Nov 0.96 9.00 0.01 3.70 5.00 1.26 Dec 0.84 9.00 0.01 3.65 5.00 1.20 Thailand Nov 3.29 19.50 0.05 12.50 8.00 2.34 Dec 3.29 20.00 0.05 12.50 8.20 2.64 Vietnam Nov 1.60 27.00 1.40 21.20 7.60 1.20 Dec 1.60 27.00 1.40 21.20 7.60 1.20 Major Importers 5/ Nov 120.67 241.30 19.90 262.20 2.46 117.21 Dec 120.69 241.30 19.70 262.00 2.46 117.23 China Nov 106.60 149.00 3.00 152.10 2.00 104.50 Dec 106.60 149.00 2.80 151.90 2.00 104.50 European Union 6/ Nov 0.81 1.43 2.40 3.40 0.40 0.84 Dec 0.81 1.43 2.40 3.40 0.40 0.84 Indonesia Nov 4.00 33.50 2.00 35.80 0.00 3.70 Dec 4.00 33.50 2.00 35.80 0.00 3.70 Nigeria Nov 2.15 5.23 2.10 7.70 0.00 1.78 Dec 2.18 5.23 2.10 7.70 0.00 1.80 Philippines Nov 3.48 12.60 3.80 16.40 0.00 3.48 Dec 3.48 12.60 3.80 16.40 0.00 3.48 Sel. Mideast 7/ Nov 1.25 2.02 4.50 6.55 0.00 1.22 Dec 1.25 2.02 4.50 6.55 0.00 1.22 Selected Other Brazil Nov 0.70 7.48 0.90 7.00 1.30 0.78 Dec 0.70 7.48 0.90 7.00 1.30 0.78 C. Amer & Carib 8/ Nov 0.65 1.53 1.82 3.33 0.04 0.63 Dec 0.65 1.52 1.82 3.32 0.04 0.63 Egypt Nov 0.60 3.78 0.35 4.10 0.01 0.63 Dec 0.60 3.78 0.35 4.10 0.01 0.63 Japan Nov 1.80 7.30 0.69 8.06 0.12 1.60 Dec 1.77 7.30 0.69 8.06 0.12 1.57 Mexico Nov 0.10 0.15 0.85 1.00 0.01 0.09 Dec 0.08 0.15 0.83 0.98 0.01 0.07 South Korea Nov 1.39 3.68 0.42 3.93 0.10 1.47 Dec 1.35 3.70 0.46 3.93 0.10 1.48 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. December 2023 WASDE - 643 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2021/22 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 77.65 114.55 42.96 116.23 43.20 -0.60 76.34 World Less China 40.36 87.75 35.12 82.48 43.08 -0.60 38.27 United States 3.15 17.52 0.01 2.55 14.48 -0.40 4.05 Total Foreign 74.50 97.03 42.96 113.68 28.71 -0.20 72.29 Major Exporters 4/ 25.69 54.41 1.70 34.32 24.46 -0.20 23.22 Central Asia 5/ 3.03 5.09 0.06 4.28 1.47 0.00 2.43 Afr. Fr. Zone 6/ 1.68 5.98 3/ 0.10 6.43 -0.01 1.14 S. Hemis. 7/ 8.77 18.63 0.19 4.38 12.47 -0.19 10.93 Australia 2.51 5.85 3/ 0.01 3.58 -0.19 4.96 Brazil 4.07 10.82 0.02 3.30 7.73 0.00 3.88 India 11.84 24.30 1.00 25.00 3.74 0.00 8.40 Major Importers 8/ 46.49 39.65 38.94 75.47 2.94 0.00 46.67 Mexico 0.44 1.22 0.96 1.90 0.40 0.00 0.32 China 37.29 26.80 7.84 33.75 0.12 0.00 38.06 European Union 9/ 0.37 1.67 0.64 0.62 1.77 0.00 0.30 Turkey 1.76 3.80 5.52 8.60 0.57 0.00 1.92 Pakistan 2.18 6.00 4.50 10.70 0.05 0.00 1.93 Indonesia 0.50 3/ 2.58 2.60 0.01 0.00 0.46 Thailand 0.13 3/ 0.75 0.74 0.00 0.00 0.15 Bangladesh 2.48 0.15 8.45 8.80 0.00 0.00 2.28 Vietnam 1.09 3/ 6.63 6.70 0.00 0.00 1.02 2022/23 Est. Beginning Stocks Productio n Imports Domestic Use Exports Loss /2 Ending Stocks World 76.34 116.64 37.69 111.52 37.03 -0.72 82.83 World Less China 38.27 85.94 31.46 74.02 36.94 -0.72 45.43 United States 4.05 14.47 3/ 2.05 12.77 -0.55 4.25 Total Foreign 72.29 102.17 37.69 109.47 24.26 -0.18 78.58 Major Exporters 4/ 23.22 56.13 2.40 32.22 19.97 -0.19 29.76 Central Asia 5/ 2.43 5.63 0.03 3.84 1.13 0.00 3.12 Afr. Fr. Zone 6/ 1.14 4.02 3/ 0.10 3.90 0.00 1.17 S. Hemis. 7/ 10.93 19.63 0.14 4.21 13.40 -0.19 13.29 Australia 4.96 5.80 3/ 0.01 6.17 -0.19 4.77 Brazil 3.88 11.72 0.01 3.20 6.66 0.00 5.76 India 8.40 26.30 1.73 23.50 1.10 0.00 11.82 Major Importers 8/ 46.67 42.88 32.86 73.52 3.01 0.02 45.87 Mexico 0.32 1.58 0.69 1.75 0.41 0.00 0.43 China 38.06 30.70 6.23 37.50 0.09 0.00 37.40 European Union 9/ 0.30 1.64 0.52 0.55 1.52 0.00 0.39 Turkey 1.92 4.90 4.19 7.50 0.86 0.02 2.63 Pakistan 1.93 3.90 4.50 8.70 0.10 0.00 1.53 Indonesia 0.46 3/ 1.66 1.75 0.02 0.00 0.36 Thailand 0.15 3/ 0.66 0.68 0.00 0.00 0.14 Bangladesh 2.28 0.15 7.00 7.70 0.00 0.00 1.73 Vietnam 1.02 3/ 6.47 6.45 0.00 0.00 1.05 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. December 2023 WASDE - 643 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2023/24 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Nov 83.04 113.46 43.30 115.30 43.31 -0.31 81.50 Dec 82.83 112.92 43.15 113.73 43.15 -0.37 82.40 World Less China Nov 45.64 86.46 32.80 77.80 43.21 -0.31 44.20 Dec 45.43 85.92 32.15 77.23 43.06 -0.37 43.58 United States Nov 4.25 13.09 0.01 2.05 12.20 -0.11 3.20 Dec 4.25 12.78 0.01 1.90 12.20 -0.17 3.10 filler filler filler filler filler filler filler Total Foreign Nov 78.79 100.37 43.30 113.25 31.11 -0.20 78.30 Dec 78.58 100.14 43.15 111.83 30.95 -0.20 79.30 Major Exporters 4/ Nov 29.76 57.54 2.04 33.30 27.00 -0.20 29.26 Dec 29.76 57.54 2.07 33.32 26.64 -0.20 29.61 Central Asia 5/ Nov 3.12 5.19 0.10 4.19 1.38 0.00 2.85 Dec 3.12 5.19 0.10 4.19 1.38 0.00 2.85 Afr. Fr. Zone 6/ Nov 1.17 4.92 3/ 0.10 4.61 0.00 1.38 Dec 1.17 4.92 3/ 0.10 4.60 0.00 1.38 S. Hemis. 7/ Nov 13.30 21.96 0.17 4.36 18.89 -0.20 12.37 Dec 13.29 21.96 0.17 4.36 18.54 -0.20 12.72 Australia Nov 4.77 5.10 3/ 0.01 5.70 -0.20 4.36 Dec 4.77 5.10 3/ 0.01 5.65 -0.20 4.41 filler filler filler filler filler filler filler Brazil Nov 5.76 14.56 0.02 3.30 11.80 0.00 5.24 Dec 5.76 14.56 0.02 3.30 11.50 0.00 5.54 India Nov 11.82 25.00 1.30 24.00 1.80 0.00 12.32 Dec 11.82 25.00 1.30 24.00 1.80 0.00 12.32 Major Importers 8/ Nov 46.07 39.26 38.79 75.95 2.30 0.00 45.88 Dec 45.87 39.04 38.59 74.52 2.50 0.00 46.49 Mexico Nov 0.43 1.05 0.85 1.70 0.30 0.00 0.33 Dec 0.43 0.93 0.80 1.60 0.25 0.00 0.30 China Nov 37.40 27.00 10.50 37.50 0.10 0.00 37.30 Dec 37.40 27.00 11.00 36.50 0.09 0.00 38.81 European Union 9/ Nov 0.39 1.05 0.59 0.61 1.15 0.00 0.27 Dec 0.39 1.05 0.59 0.61 1.15 0.00 0.27 Turkey Nov 2.63 3.50 4.30 7.90 0.65 0.00 1.88 Dec 2.63 3.20 4.10 7.50 0.90 0.00 1.53 Pakistan Nov 1.53 6.50 4.20 10.00 0.08 0.00 2.15 Dec 1.53 6.70 4.00 10.00 0.08 0.00 2.15 Indonesia Nov 0.36 3/ 2.30 2.20 0.01 0.00 0.46 Dec 0.36 3/ 2.30 2.20 0.02 0.00 0.45 Thailand Nov 0.14 3/ 0.68 0.68 0.00 0.00 0.14 Dec 0.14 3/ 0.65 0.65 0.00 0.00 0.14 Bangladesh Nov 1.93 0.16 7.70 7.70 0.00 0.00 2.09 Dec 1.73 0.16 7.50 7.80 0.00 0.00 1.59 Vietnam Nov 1.05 3/ 6.70 6.70 0.00 0.00 1.05 Dec 1.05 3/ 6.70 6.70 0.00 0.00 1.05 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. December 2023 WASDE - 643 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 100.26 360.43 155.52 314.50 363.97 154.25 98.00 World Less China 69.41 344.04 65.02 226.60 255.57 154.15 68.75 United States 6.99 121.53 0.43 59.98 62.92 58.57 7.47 Total Foreign 93.27 238.91 155.08 254.52 301.05 95.68 90.53 Major Exporters 3/ 55.39 181.82 4.43 91.83 102.47 87.25 51.93 Argentina 25.06 43.90 3.84 38.83 46.04 2.86 23.90 Brazil 29.58 130.50 0.54 50.71 53.96 79.06 27.60 Paraguay 0.48 4.18 0.04 2.20 2.25 2.27 0.18 Major Importers 4/ 34.24 20.29 122.72 116.74 144.72 0.42 32.11 China 30.86 16.40 90.50 87.90 108.40 0.10 29.25 European Union 1.56 2.83 14.55 15.40 16.97 0.29 1.68 Southeast Asia 5/ 1.19 0.53 8.26 4.45 9.33 0.02 0.64 Mexico 0.46 0.29 5.96 6.35 6.40 0.00 0.30 2022/23 Est. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 98.00 374.39 164.78 313.41 364.13 171.12 101.92 World Less China 68.75 354.11 63.94 218.41 247.63 171.03 68.13 United States 7.47 116.22 0.67 60.20 62.84 54.21 7.30 Total Foreign 90.53 258.18 164.11 253.21 301.29 116.91 94.63 Major Exporters 3/ 51.93 194.75 9.32 86.51 96.81 106.32 52.87 Argentina 23.90 25.00 9.06 30.32 36.57 4.19 17.21 Brazil 27.60 160.00 0.15 53.10 56.90 95.51 35.35 Paraguay 0.18 9.05 0.01 3.05 3.18 5.80 0.26 Major Importers 4/ 32.11 23.74 132.26 122.57 151.54 0.33 36.23 China 29.25 20.28 100.85 95.00 116.50 0.09 33.79 European Union 1.68 2.55 13.20 14.30 15.88 0.23 1.32 Southeast Asia 5/ 0.64 0.49 8.44 4.02 8.83 0.01 0.73 Mexico 0.30 0.18 6.44 6.65 6.70 0.00 0.22 2023/24 Proj. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ Nov 100.31 400.42 165.75 329.47 383.68 168.29 114.51 Dec 101.92 398.88 167.65 329.50 383.96 170.29 114.21 World Less China Nov 66.53 379.92 65.75 231.47 263.18 168.19 80.83 Dec 68.13 378.38 65.65 231.50 263.46 170.19 78.52 United States Nov 7.30 112.39 0.82 62.60 66.06 47.76 6.68 Dec 7.30 112.39 0.82 62.60 66.06 47.76 6.68 Total Foreign Nov 93.01 288.04 164.93 266.87 317.62 120.53 107.83 Dec 94.63 286.50 166.83 266.90 317.90 122.53 107.53 Major Exporters 3/ Nov 50.98 223.90 6.18 93.85 105.34 110.50 65.23 Dec 52.87 221.90 6.18 93.85 105.34 112.50 63.12 Argentina Nov 17.21 48.00 5.70 34.50 41.75 4.60 24.56 Dec 17.21 48.00 5.70 34.50 41.75 4.60 24.56 Brazil Nov 33.44 163.00 0.45 55.75 59.70 97.50 39.69 Dec 35.35 161.00 0.45 55.75 59.70 99.50 37.60 Paraguay Nov 0.26 10.00 0.02 3.50 3.65 6.00 0.63 Dec 0.26 10.00 0.02 3.50 3.65 6.00 0.63 Major Importers 4/ Nov 36.34 24.45 133.64 127.15 157.51 0.42 36.50 Dec 36.23 24.43 135.64 127.13 157.49 0.42 38.39 China Nov 33.79 20.50 100.00 98.00 120.50 0.10 33.69 Dec 33.79 20.50 102.00 98.00 120.50 0.10 35.69 European Union Nov 1.43 3.07 13.80 15.00 16.59 0.30 1.40 Dec 1.32 3.07 13.80 15.00 16.59 0.30 1.29 Southeast Asia 5/ Nov 0.73 0.47 9.94 5.03 10.16 0.02 0.97 Dec 0.73 0.47 9.94 5.03 10.16 0.02 0.96 Mexico Nov 0.22 0.16 6.40 6.50 6.56 0.00 0.22 Dec 0.22 0.14 6.40 6.48 6.54 0.00 0.22 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and impo rts. Therefore, world supply may not equal world use. 3/ Includes Uruguay 4/ Includes Japan 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. December 2023 WASDE - 643 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 16.56 246.75 67.15 244.79 68.83 16.84 World Less China 15.77 177.14 67.10 175.16 68.35 16.50 United States 0.31 47.01 0.59 35.34 12.28 0.28 Total Foreign 16.25 199.75 66.56 209.45 56.55 16.56 Major Exporters 3/ 6.95 76.39 0.79 29.30 47.74 7.10 Argentina 2.29 30.29 0.14 3.33 26.59 2.80 Brazil 4.47 39.31 0.01 19.70 20.21 3.88 India 0.19 6.80 0.65 6.27 0.94 0.42 Major Importers 4/ 2.42 22.60 38.39 59.75 1.11 2.55 European Union 0.56 12.17 16.54 27.84 0.76 0.66 Mexico 0.20 5.02 1.83 6.88 0.02 0.15 Southeast Asia 5/ 1.60 3.47 18.33 21.43 0.33 1.64 China 0.78 69.62 0.06 69.63 0.48 0.34 2022/23 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 16.84 246.44 62.86 245.85 66.55 13.74 World Less China 16.50 171.20 62.82 171.90 65.75 12.87 United States 0.28 47.62 0.57 34.84 13.30 0.34 Total Foreign 16.56 198.82 62.29 211.02 53.24 13.41 Major Exporters 3/ 7.10 73.03 0.10 30.35 43.96 5.92 Argentina 2.80 23.65 0.07 3.40 20.75 2.36 Brazil 3.88 41.14 0.01 20.30 21.34 3.39 India 0.42 8.24 0.03 6.65 1.87 0.17 Major Importers 4/ 2.55 21.65 36.74 58.24 0.97 1.73 European Union 0.66 11.30 16.01 26.79 0.73 0.45 Mexico 0.15 5.26 1.67 6.93 0.00 0.15 Southeast Asia 5/ 1.64 3.13 17.52 20.97 0.24 1.09 China 0.34 75.24 0.04 73.95 0.80 0.88 2023/24 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Nov 13.69 258.63 66.78 253.63 69.79 15.69 Dec 13.74 258.66 66.75 253.56 69.84 15.75 World Less China Nov 12.81 181.02 66.73 176.88 68.79 14.90 Dec 12.87 181.04 66.70 176.81 68.84 14.96 United States Nov 0.34 49.13 0.54 35.77 13.88 0.36 Dec 0.34 49.13 0.54 35.77 13.88 0.36 Total Foreign Nov 13.35 209.50 66.24 217.86 55.91 15.33 Dec 13.41 209.53 66.20 217.79 55.96 15.39 Major Exporters 3/ Nov 5.85 77.72 0.12 31.20 46.00 6.48 Dec 5.92 77.72 0.07 31.13 46.00 6.58 Argentina Nov 2.36 26.91 0.01 3.45 23.40 2.43 Dec 2.36 26.91 0.01 3.45 23.40 2.43 Brazil Nov 3.30 43.21 0.01 20.70 22.00 3.82 Dec 3.39 43.21 0.01 20.70 22.00 3.91 India Nov 0.19 7.60 0.10 7.05 0.60 0.24 Dec 0.17 7.60 0.05 6.98 0.60 0.25 Major Importers 4/ Nov 1.62 22.89 37.83 59.12 0.96 2.26 Dec 1.73 22.87 37.83 59.12 1.01 2.30 European Union Nov 0.37 11.85 15.80 26.89 0.65 0.47 Dec 0.45 11.85 15.80 26.89 0.70 0.51 Mexico Nov 0.13 5.14 2.05 7.13 0.00 0.19 Dec 0.15 5.12 2.05 7.13 0.00 0.19 Southeast Asia 5/ Nov 1.09 3.92 18.38 21.54 0.31 1.54 Dec 1.09 3.92 18.38 21.54 0.31 1.54 China Nov 0.88 77.62 0.05 76.75 1.00 0.79 Dec 0.88 77.62 0.05 76.75 1.00 0.79 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ Includes Japan. 5/ Indonesia, Malaysi a, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. December 2023 WASDE - 643 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 5.53 59.27 11.54 59.22 12.25 4.86 World Less China 4.41 43.52 11.25 42.52 12.14 4.51 United States 0.97 11.86 0.14 11.26 0.80 0.90 Total Foreign 4.56 47.41 11.40 47.96 11.45 3.96 Major Exporters 3/ 1.25 20.77 0.59 12.49 8.62 1.50 Argentina 0.30 7.66 0.09 2.66 4.87 0.52 Brazil 0.47 9.76 0.03 7.45 2.41 0.41 European Union 0.44 2.93 0.46 2.31 0.97 0.55 Major Importers 4/ 1.78 18.90 6.64 26.16 0.28 0.89 China 1.12 15.75 0.29 16.70 0.11 0.35 India 0.27 1.53 4.23 5.83 0.02 0.19 North Africa 5/ 0.37 1.19 1.42 2.53 0.13 0.32 2022/23 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 4.86 59.03 10.65 58.11 11.42 5.01 World Less China 4.51 42.00 10.24 41.36 11.31 4.09 United States 0.90 11.90 0.17 12.07 0.17 0.73 Total Foreign 3.96 47.13 10.48 46.04 11.25 4.29 Major Exporters 3/ 1.50 19.51 0.65 12.15 8.25 1.27 Argentina 0.52 5.99 0.00 2.05 4.14 0.33 Brazil 0.41 10.23 0.03 7.68 2.69 0.30 European Union 0.55 2.72 0.62 2.36 0.91 0.62 Major Importers 4/ 0.89 20.01 6.35 25.27 0.21 1.77 China 0.35 17.02 0.41 16.75 0.12 0.92 India 0.19 1.85 3.97 5.40 0.01 0.60 North Africa 5/ 0.32 0.86 1.29 2.16 0.08 0.24 2023/24 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Nov 4.87 61.93 10.79 60.85 11.50 5.24 Dec 5.01 61.93 10.75 60.79 11.51 5.39 World Less China Nov 3.95 44.37 10.39 43.15 11.30 4.25 Dec 4.09 44.37 10.35 43.09 11.31 4.41 United States Nov 0.73 12.26 0.18 12.29 0.16 0.72 Dec 0.73 12.26 0.18 12.29 0.16 0.72 Total Foreign Nov 4.14 49.67 10.61 48.56 11.34 4.52 Dec 4.29 49.67 10.57 48.50 11.35 4.68 Major Exporters 3/ Nov 1.22 21.06 0.43 13.34 8.14 1.23 Dec 1.27 21.06 0.43 13.33 8.14 1.29 Argentina Nov 0.33 6.81 0.00 2.35 4.40 0.39 Dec 0.33 6.81 0.00 2.35 4.40 0.39 Brazil Nov 0.28 10.73 0.03 8.45 2.25 0.33 Dec 0.30 10.73 0.03 8.45 2.25 0.36 European Union Nov 0.59 2.85 0.40 2.47 0.90 0.48 Dec 0.62 2.85 0.40 2.46 0.90 0.51 Major Importers 4/ Nov 1.70 20.58 5.87 26.11 0.28 1.77 Dec 1.77 20.58 5.87 26.11 0.28 1.84 China Nov 0.92 17.56 0.40 17.70 0.20 0.98 Dec 0.92 17.56 0.40 17.70 0.20 0.98 India Nov 0.53 1.71 3.30 5.10 0.02 0.42 Dec 0.60 1.71 3.30 5.10 0.02 0.49 North Africa 5/ Nov 0.24 0.98 1.44 2.32 0.05 0.30 Dec 0.24 0.98 1.44 2.32 0.05 0.29 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Includes Paraguay 4/ Includes Bangladesh 5/ Algeria, Egypt, Morocco, a nd Tunisia. Totals may not add due to rounding. December 2023 WASDE - 643 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2022 IV 7,052 6,919 14,017 11,861 1,310 13,310 27,327 2,277 55.9 Annual 28,291 26,996 55,471 46,206 5,222 51,997 107,469 9,074 226.5 2023 I 6,821 7,071 13,937 11,549 1,348 13,039 26,976 2,209 56.9 II 6,710 6,593 13,348 11,545 1,410 13,105 26,453 2,287 58.1 III 6,621 6,488 13,151 11,679 1,354 13,183 26,334 2,327 56.1 IV* 6,780 7,090 13,916 11,600 1,350 13,090 27,006 2,355 55.9 Annual Nov Proj. 26,932 27,217 54,325 46,209 5,500 52,280 106,605 9,179 227.1 Dec Proj. 26,932 27,242 54,351 46,373 5,462 52,417 106,768 9,179 226.9 2024 I* 6,660 7,070 13,775 11,425 1,360 12,925 26,700 2,305 57.5 II* 6,590 6,520 13,154 11,650 1,380 13,175 26,329 2,325 58.3 III* 6,440 6,730 13,215 11,850 1,370 13,365 26,580 2,365 56.8 Annual Nov Proj. 25,810 27,730 53,719 46,650 5,595 52,810 106,529 9,445 230.0 Dec Proj. 25,990 27,730 53,899 46,625 5,510 52,700 106,599 9,385 229.0 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2022 IV 152.99 63.49 123.5 177.5 411.7 25.17 Annual 144.40 71.21 140.5 154.5 282.4 25.34 2023 I 160.92 54.83 124.5 170.8 315.9 21.93 II 179.02 56.69 139.3 156.2 135.8 19.30 III 184.27 69.27 115.3 132.5 135.8 19.37 IV* 178.00 54.00 115.0 103.0 170.0 21.75 Annual Nov Proj. 177.30 58.95 123.8 142.4 192.6 20.70 Dec Proj. 175.55 58.70 123.5 140.6 189.4 20.60 2024 I* 175.00 56.00 121.0 117.0 176.0 20.60 II* 177.00 63.00 127.0 126.0 140.0 19.65 III* 178.00 65.00 124.0 132.0 130.0 19.50 Annual Nov Proj. 185 60 124 137 145 20.80 Dec Proj. 178 60 124 127 150 20.25 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51-52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. December 2023 WASDE - 643 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2022 676 28,359 3,390 32,425 3,544 723 28,157 59.1 2023 Proj. Nov 723 27,000 3,653 31,377 3,035 615 27,727 57.9 Dec 723 27,000 3,663 31,387 3,030 615 27,742 57.9 2024 Proj. Nov 615 25,878 3,690 30,183 2,845 560 26,778 55.6 Dec 615 26,058 3,700 30,373 2,845 560 26,968 56.0 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2022 446 27,011 1,344 28,800 6,345 504 21,951 51.1 2023 Proj. Nov 504 27,232 1,134 28,870 6,734 465 21,672 50.2 Dec 504 27,257 1,169 28,930 6,749 450 21,732 50.3 2024 Proj. Nov 465 27,745 1,175 29,385 6,950 450 21,985 50.6 Dec 450 27,745 1,215 29,410 6,850 450 22,110 50.9 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2022 1,147 55,564 5,092 61,804 9,895 1,256 50,653 111.6 2023 Proj. Nov 1,256 54,418 5,078 60,752 9,773 1,112 49,867 109.3 Dec 1,256 54,444 5,118 60,818 9,783 1,094 49,941 109.4 2024 Proj. Nov 1,112 53,812 5,225 60,148 9,801 1,037 49,311 107.6 Dec 1,094 53,992 5,240 60,325 9,701 1,037 49,588 108.2 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2022 705 45,711 176 46,593 7,290 892 38,411 98.9 2023 Proj. Nov 892 45,714 130 46,737 7,180 850 38,707 99.2 Dec 892 45,876 133 46,902 7,205 850 38,847 99.5 2024 Proj. Nov 850 46,151 164 47,165 7,270 860 39,035 99.4 Dec 850 46,126 180 47,156 7,245 860 39,051 99.5 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2022 166 5,222 85 5,473 407 190 4,877 14.6 2023 Proj. Nov 190 5,500 46 5,736 475 190 5,071 15.1 Dec 190 5,462 43 5,695 495 185 5,015 15.0 2024 Proj. Nov 190 5,595 72 5,857 465 200 5,192 15.4 Dec 185 5,510 64 5,759 470 195 5,094 15.1 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2022 874 51,502 268 52,645 7,716 1,087 43,841 115.2 2023 Proj. Nov 1,087 51,785 180 53,053 7,677 1,046 44,330 115.9 Dec 1,087 51,921 181 53,188 7,721 1,042 44,425 116.2 2024 Proj. Nov 1,046 52,310 242 53,598 7,759 1,066 44,773 116.5 Dec 1,042 52,200 250 53,492 7,739 1,061 44,692 116.2 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2022 2,021 107,067 5,361 114,449 17,611 2,343 94,494 226.8 2023 Proj. Nov 2,343 106,204 5,258 113,805 17,451 2,158 94,197 225.2 Dec 2,343 106,365 5,298 114,006 17,505 2,136 94,366 225.6 2024 Proj. Nov 2,158 106,122 5,467 113,747 17,560 2,103 94,084 224.1 Dec 2,136 106,192 5,490 113,818 17,440 2,098 94,281 224.5 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. December 2023 WASDE - 643 - 33 U.S. Egg Supply and Use Commodity 2021 2022 2023 Proj. 2023 Proj. 2024 Proj. 2024 Proj. Nov Dec Nov Dec Eggs Million Dozen Supply Beginning Stocks 24.5 19.1 18.8 18.8 23.0 24.0 Production 9,297.9 9,073.8 9,178.8 9,178.8 9,445.0 9,385.0 Imports 18.2 26.0 29.3 29.5 30.0 30.0 Total Supply 9,340.6 9,118.9 9,226.8 9,227.0 9,498.0 9,439.0 Use Exports 392.1 226.5 242.0 245.0 238.0 238.0 Hatching Use 1,103.9 1,116.4 1,111.8 1,111.7 1,120.0 1,120.0 Ending Stocks 19.1 18.8 23.0 24.0 19.5 22.0 Disappearance Total 7,825.4 7,757.2 7,850.1 7,846.4 8,120.5 8,059.0 Per Capita (number) 282.5 279.0 280.9 280.8 289.0 286.9 Total U.S. Milk Supply and Use Commodity 2021 2022 2023 Proj. 2023 Proj. 2024 Proj. 2024 Proj. Nov Dec Nov Dec Milk Billion Pounds Production 226.3 226.5 227.1 226.9 230.0 229.0 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beginning Stocks 15.6 14.3 14.4 14.4 14.3 14.2 Marketings 225.3 225.5 226.1 225.9 229.1 228.0 Imports 6.5 7.1 7.4 7.5 7.6 7.7 Total Supply 247.4 246.9 247.8 247.8 251.0 249.9 Fat Basis Use Exports 11.5 13.4 10.9 10.8 11.6 11.4 Ending Stocks 14.3 14.4 14.3 14.2 14.3 13.9 Domestic Use 221.6 219.1 222.7 222.9 225.1 224.6 Skim -solid Basis Supply Beginning Stocks 10.9 11.1 11.7 11.7 11.7 11.6 Marketings 225.3 225.5 226.1 225.9 229.1 228.0 Imports 5.8 6.7 6.5 6.3 6.7 6.5 Total Supply 241.9 243.3 244.3 243.9 247.4 246.1 Skim -solid Basis Use Exports 50.6 52.9 49.8 49.9 53.1 53.2 Ending Stocks 11.1 11.7 11.7 11.6 11.7 11.0 Domestic Use 180.2 178.7 182.8 182.5 182.6 182.0 Total Note: Totals may not add due to rounding. December 2023 WASDE - 643 - 34 U.S. Dairy Prices Commodity 2021 2022 2023 Proj. 2023 Proj. 2024 Proj. 2024 Proj. Nov Dec Nov Dec Product Prices 1/ Dollars Per Pound Cheese 1.6755 2.1122 1.770 1.765 1.825 1.725 Butter 1.7325 2.8665 2.645 2.620 2.590 2.595 Nonfat Dry Milk 1.2693 1.6851 1.180 1.185 1.170 1.175 Dry Whey 0.5744 0.6057 0.360 0.360 0.375 0.400 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 17.08 21.96 17.10 17.05 17.70 16.85 Class IV 16.09 24.47 19.20 19.10 18.85 18.90 All Milk 3/ 18.53 25.34 20.70 20.60 20.80 20.25 All prices are January -December averages. 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation. December 2023 WASDE - 643 - 35 Reliability of December Projections 1/ Note: Tables on pages 35 -37 present a record of the December projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0.8 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 1. 3 percent. The average difference between the December projection and the final estimate is 3.8 million tons, ranging from 0.4 million to 10.2 million tons. The December projection has been below the estimate 31 times and above 11 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 0.8 1.3 3.8 0.4 10.2 31 11 U.S. 0.4 0.7 0.2 0.0 1.2 21 14 Foreign 0.9 1.5 3.8 0.3 10.3 31 11 Exports World 5.1 8.6 5.6 0.1 18.3 33 9 U.S. 5.7 9.5 1.5 0.2 3.9 21 21 Foreign 6.3 10.6 5.5 0.5 17.9 36 6 Domestic Use World 1.3 2.2 5.9 0.1 24.4 24 18 U.S. 5.7 9.6 1.5 0.1 3.6 11 31 Foreign 1.3 2.2 5.9 0.1 24.6 28 14 Ending Stocks World 5.5 9.3 7.3 0.9 28.6 30 12 U.S. 10.3 17.3 1.7 0.1 7.0 29 13 Foreign 5.7 9.5 6.2 0.4 28.1 29 13 COARSE GRAINS 2/ Production World 1.4 2.4 12.1 0.0 36.0 30 12 U.S. 1.3 2.2 2.6 0.0 9.9 19 23 Foreign 2.0 3.3 12.0 0.2 37.5 30 12 Exports World 6.4 10.8 6.3 0.1 33.3 29 13 U.S. 15.3 25.8 5.5 0.1 12.8 19 23 Foreign 11.5 19.3 7.0 0.0 27.1 27 14 Domestic Use World 1.2 2.0 9.9 0.3 36.5 24 18 U.S. 3.4 5.7 4.7 0.1 17.9 19 23 Foreign 1.5 2.5 9.6 0.3 36.9 26 16 Ending Stocks World 10.7 18.1 14.3 0.2 137.6 35 7 U.S. 19.0 32.0 7.1 0.7 23.9 22 20 Foreign 14.0 23.5 13.1 0.1 143.9 34 8 RICE, milled Production World 1.9 3.2 5.7 0.0 16.2 34 8 U.S. 2.8 4.7 0.1 0.0 0.5 20 17 Foreign 1.9 3.3 5.7 0.1 16.2 35 7 Exports World 9.1 15.4 2.0 0.1 6.3 32 10 U.S. 7.9 13.2 0.2 0.0 0.6 19 21 Foreign 10.3 17.3 1.9 0.0 6.5 30 12 Domestic Use World 1.5 2.5 3.7 0.0 15.9 30 12 U.S. 7.7 12.9 0.2 0.0 0.6 23 19 Foreign 1.5 2.6 3.7 0.0 16.1 30 12 Ending Stocks World 10.2 17.2 5.7 0.1 27.9 34 8 U.S. 21.1 35.5 0.2 0.0 0.8 22 20 Foreign 10.5 17.7 5.7 0.2 27.7 34 8 1/ Footnotes at end of table. CONTINUED December 2023 WASDE - 643 - 36 Reliability of December Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 3.9 6.5 6.3 0.1 26.2 22 20 U.S. 2.0 3.3 1.2 0.1 4.7 18 24 Foreign 6.3 10.6 6.2 0.1 27.3 19 23 Exports World 6.9 11.6 3.8 0.1 18.3 25 17 U.S. 8.8 14.8 2.2 0.1 6.4 24 18 Foreign 17.1 28.8 3.7 0.0 21.3 21 21 Domestic Use World 2.8 4.7 4.6 0.0 16.7 21 21 U.S. 3.4 5.7 1.2 0.0 3.6 27 15 Foreign 3.4 5.7 4.2 0.2 15.1 22 20 Ending Stocks World 14.9 25.1 4.6 0.1 18.5 23 19 U.S. 42.6 71.8 2.0 0.2 7.3 13 29 Foreign 16.3 27.5 4.1 0.1 18.3 24 18 COTTON Million 480 -Pound Bales Production World 3.1 5.3 2.3 0.0 7.2 24 17 U.S. 2.5 4.2 0.3 0.0 1.3 19 22 Foreign 3.7 6.2 2.2 0.0 7.1 23 18 Exports World 7.5 12.6 2.1 0.1 9.0 24 18 U.S. 13.2 22.2 0.9 0.0 3.0 26 16 Foreign 9.8 16.5 1.6 0.0 8.3 21 20 Domestic Use World 4.0 6.8 2.8 0.1 18.2 20 22 U.S. 8.6 14.5 0.3 0.0 1.0 20 21 Foreign 4.0 6.8 2.7 0.1 17.4 22 20 Ending Stocks World 11.2 18.8 4.8 0.1 19.3 23 19 U.S. 29.8 50.1 1.1 0.1 3.2 14 28 Foreign 11.7 19.7 4.4 0.1 17.5 27 15 1/ Marketing years 1981/82 through 2022/23 for grains, soybeans (U.S. only), and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2021/22, and for 2022/23 the last mon th’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain December 2023 WASDE - 643 - 37 Reliability of United States December Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 1.3 2.3 96 0 396 20 21 Exports 15.9 26.8 196 9 513 18 24 Domestic Use 3.6 6.1 178 14 574 24 18 Ending Stocks 21.6 36.4 279 16 986 22 20 SORGHUM Production 5.7 9.6 15 1 53 21 21 Exports 19.2 32.4 30 0 123 26 15 Domestic Use 19.8 33.4 35 0 127 17 24 Ending Stocks 45.7 77.0 23 0 104 16 25 BARLEY Production 1.5 2.6 4 0 24 20 10 Exports 43.7 73.7 8 0 37 15 23 Domestic Use 8.2 13.7 17 0 70 17 24 Ending Stocks 14.7 24.7 13 0 39 27 13 OATS Production 1.1 1.8 2 0 18 8 9 Exports 68.8 115.9 1 0 7 11 10 Domestic Use 5.3 8.8 11 0 39 15 26 Ending Stocks 19.5 32.9 12 1 52 28 14 SOYBEAN MEAL Thousand Short Tons Production 3.4 5.7 1,017 102 3,117 25 17 Exports 10.8 18.2 723 100 2,850 24 18 Domestic Use 3.2 5.3 715 50 2,293 22 20 Ending Stocks 32.8 55.3 62 0 253 17 23 SOYBEAN OIL Million Pounds Production 3.3 5.6 449 43 1,530 28 14 Exports 40.7 68.5 373 0 1,325 22 18 Domestic Use 3.7 6.2 477 25 1,761 26 16 Ending Stocks 21.0 35.4 293 1 1,051 26 16 ANIMAL PROD. Million Pounds Beef 3.5 5.9 723 9 2,311 29 12 Pork 3.1 5.3 427 20 1,592 21 20 Broilers 1.7 2.9 402 1 1,346 24 17 Turkeys 3.2 5.3 128 2 452 21 20 Million Dozen Eggs 2.1 3.5 122 3 515 26 15 Billion Pounds Milk 1.5 2.5 1.8 0.1 6.1 22 19 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2022/23 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate followin g the marketing year for 1981/82 through 2022/23. Calendar years 1982 through 2022 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2022. WASDE- 643-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. IPAD is located at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 Registration is Now Open! Register T oday For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ Click to receive WASDE -related notifications b y email Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at [email protected] World Agricultural Supply and Demand Estimates WASDE -643 – December 8, 2023 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 620 Approved by the World Agricultural Outlook Board January 12, 2022 WHEAT: The outlook for 2021/22 U.S. wheat this month is for smaller supplies, reduced domestic use, lower exports, and higher ending stocks. Imports are lowered 10 million bushels to 100 million on a slower than expected pace for Durum and Hard Red Spring. Feed and residual use is lowered 25 million bushels to 110 million on lower implied feed and residual use in the second quarter, based on December 1 stocks reported in today’s NASS Grain Stocks report. Seed use is unchanged at 66 million bushels, reflecting the latest estimated seed use for winter wheat plantings in the fall of 2021 reported in today’s NASS Winter Wheat and Canola Seedings report. Exports are reduced 15 million bushels to 825 million bushels with all the reduction in Hard Red Winter. U.S. wheat sales and shipments continue to be sluggish as U.S. wheat remains uncompetitive in several markets. Projected 2021/22 ending stoc ks are raised 30 million bushels to 628 million but still down 26 percent from last year and the lowest level since 2013/14. The season -average farm price is raised $0.10 per bushel to $7.15 based on NASS prices reported to date and expectations for price s in the remainder of the marketing year. The 2021/22 global wheat outlook is for stable supplies, decreased consumption, reduced exports, and increased stocks. Production increases in Argentina and the EU are offset by decreased production in Brazil an d Paraguay and lower beginning stocks for Russia. Argentina’s production is increased 0.5 million tons to a record 20.5 million on updated harvest results. Russian beginning stocks are lowered 0.6 million tons on larger end- of- season exports in 2020/21. World 2021/22 consumption is lowered 1.9 million tons to 787.5 million, primarily due to lower feed and residual use for the United States, the EU, and Ukraine. Relatively higher wheat prices compared to feed grains are expected to reduce global feed use . Projected 2021/22 global trade is lowered 1.1 million tons to 204.4 million as reductions in exports for Russia and the United States are only partially offset by higher exports from the EU. Russia recently announced a wheat export quota of 8.0 million tons from mid -February until the end of June, which is expected to constrain their exports in the latter half of the marketing year. Russia’s exports are reduced 1.0 million tons to 35.0 million while EU exports are raised 0.5 million tons to 37.5 million. Projected 2021/22 world ending stocks are raised 1.8 million tons to 280.0 million, with increases primarily for the United States, Russia, Kazakhstan, and Argentina. However, 2021/22 global ending stocks are still forecast at the lowest level since 2016/17. COARSE GRAINS: This month’s 2021/22 U.S. corn outlook is for higher production, greater food, seed, and industrial use (FSI), lower exports, and larger ending stocks. Corn production is estimated at 15.115 billion bushels, up 53 million on a 0.3- million acre increase in harvested area. Total corn use is virtually unchanged at 14.835 billion. Exports are lowered 75 million bushels to 2.425 billion, reflecting expectations of increased competition from other exporters. FSI use is raised 80 million bushels. Corn used for ethanol is raised 75 million bushels to 5.325 billion, based on data through November from the Grain WASDE- 620-2 Crushings and Co- Products Production report and weekly ethanol production data as reported by the Energy Information Administration for the month of December. The projected amount of corn used for glucose and dextrose is raised 5 million bushels. Feed and residual use is unchanged at 5.650 billion, based on indicated disappearance during the September - November quarter as reflected by the Grain Stocks report. With use essentially unchanged and supply rising, corn stocks are raised 47 million bushels. The season- average corn price received by producers is unchanged at $5.45 per bushel. Global coarse grain production for 2021/22 is forecast 1.6 million tons lower to 1,500.1 million. This month’s foreign coarse grain outlook is for lower production, consumption, and stocks. Foreign corn production is forecast lower with declines for Brazil, Argentina, Kenya, Mexico, the EU, and Paraguay that are partially offset by an increase for Ukraine. For Argentina, dryness during December reduces yield prospects for early -planted corn in key central growing areas, although with an increase in late- planted corn area for much of the crop the critical phase of the growing season lies in the months ahead. Brazil is lowered reflecting reduced yield expectations for first -crop corn in southern Brazil. Other major coarse grain production changes include updated barley, sorghum, and millet production for China based on the latest information from the Rural Statistical Yearbook. Major global coarse grain trade changes for 2021/22 include greater corn exports for Ukraine, Pakistan, and Tanzania with a reduction for Paraguay. For 2020/21, Argentina and Brazil’s exports for the marketing year beginning in March 2021 are raised based on observed shipments to date. For 2021/22, corn imports are raised for Kenya, Brazil, Canada, and Mexico, but lowered for Bangladesh. Barley imports are raised for Iran but lowered for Saudi A rabia. Foreign corn ending stocks are lower, mostly reflecting reductions for Brazil, Argentina, and Pakistan. Global corn stocks, at 303.1 million tons, are down 2.5 million. RICE : The outlook for 2021/22 U.S. rice this month is for smaller supplies , lower domestic use, decreased exports, and reduced ending stocks. Supplies are reduced on a lower production estimate and decreased imports. All rice 2021/22 production is estimated at 191.8 million cwt, down 2.0 million from the previous estimate. The all rice average yield is estimated at 7,709 pounds per acre, down 47 pounds from the prior estimate but still a record. Imports are lowered 2.5 million cwt to 31.0 million with reductions in both long- grain and medium - and short -grain on a continued sl uggish pace. All rice domestic and residual use is lowered 2.0 million cwt to 145.5 million on reduced production and imports. Exports are lowered by 1.0 million cwt to 88.0 million; the decline is all for medium - and short -grain on the continued weak pace of sales and shipments. Projected 2021/22 all rice ending stocks are 33.0 million cwt, down 1.5 million from last month and down 24 percent from last year. The projected 2021/22 all rice season -average farm price is raised $0.30 per cwt to $15.10 with increases for both the long- grain and medium -and short grain prices. The 2021/22 global outlook is for smaller supplies, reduced consumption, fractionally higher trade, and lower stocks. Rice supplies are reduced 1.4 million tons to 696.4 million, primarily on lower beginning stocks for Sri Lanka and Thailand and decreased production for Mali and Sri Lanka. Global 2021/22 consumption is lowered 0.6 million tons to 510.3 million but remains a record. World trade is marginally higher at 49.9 million as higher exports by India, Vietnam, and China more than offset reductions for Brazil and Paraguay. Projected 2021/22 WASDE- 620-3 world ending stocks are lowered 0.7 million tons to 186.1 million, primarily on reductions for Sri Lanka, India, and Thailand. OILSEEDS : U.S. oilseed production for 2021/22 is estimated at 130.6 million tons, up 0.3 million from last month. Larger soybean, canola, sunflowerseed, and peanut crops are partly offset with low er cottonseed production . Soybean production is estimated at 4.44 bi llion bushels, up 10 million with gains for Iowa and Indiana. Harvested area is estimated at 86.3 million acres, down slightly from the previous report. Yield is estimated at 51.4 bushels per acre, up 0.2 bushels. Soybean supplies are raised 11 million bushels on higher production and slightly higher beginning stocks. With crush and export forecasts unchanged, ending stocks are projected at 350 million bushels. The U.S. season -average soybean price for 2021/22 is forecast at $12.60 per bushel, up 50 cents, reflecting tighter global soybean stocks and lower production forecasts for Brazil, Argentina, and Paraguay. The soybean meal price is projected at $375 per short ton, up 45 dollars. The soybean oil price forecast is unchanged at 65.0 cents per poun d. The 2021/22 global soybean outlook includes lower production, crush, exports, and stocks. Foreign soybean production is lowered 9.5 million tons on reduced crops for Brazil, Argentina, and Paraguay. Brazil’s soybean crop is lowered 5 million tons to 139 million, reflecting dry weather conditions in December and early January in southern Brazil. Argentina’s crop is reduced 3 million tons to 46.5 million on both a lower area and yield, resulting in lower crush and exports of meal and oil. Paraguay’s crop is lowered 1.5 million tons to 8.5 million leading to lower exports mainly to neighboring countries. Global soybean stocks are reduced 6.8 million tons to 95.2 million on lower stocks for Brazil and Argentina. Other notable oilseed changes include lower palm oil production for Malaysia and higher rapeseed production for India on a faster -than-expected planting pace. SUGAR: The U.S. sugar supply for 2021/22 is increased 94,689 short tons, raw value (STRV) as increases in production and beginning stocks are only partially offset by a reduction in imports. Louisiana cane sugar production for 2021/22 is increased by 144,333 STRV to 1,856,571 on industry reporting. The sugarcane harvest is finishing very strong with good reported sucrose c ontent and will continue longer than usual into the second half of January. Beet sugar is increased by 7,650 STRV on small increases in sugar recovery and in sugarbeets for slicing. Beginning stocks are increased by 2,915 STRV on revisions made in the 20 20/21 Sweetener Market Data for increased cane sugar production. Raw sugar imports entering under the 2020/21 TRQ that had been extended to December 31 were 55,060 STRV below what was expected last month. Imports entering under calendar year FTA TRQs wer e decreased by 5,149 STRV on less sugar entering before December 31 than had been allocated. Ending stocks for 2021/22 are now projected at 1,773,038 STRV, implying an ending stocks -to-use ratio of 14.37 percent, up from 13.60 last month. Mexico supply a nd use for both 2020/21 and 2021/22 are unchanged from last month. LIVESTOCK, POULTRY, AND DAIRY : The 2021 total red meat and poultry production estimate is raised from last month. The b eef production estimate is raised on higher non- fed cattle slaughter and heavier average carcass weights. Pork production is reduced on the slower pace of slaughter in late 2021. Broiler production is raised on recent slaughter data while turkey production is unchanged from the previous month. E gg production is reduced on slightly lower table egg production. WASDE- 620-4 For 2022, the total red meat and poultry forecast is raised from the previous month as higher expected beef and broiler production more than offsets lower pork production. Higher expected placements in late 2021 and first -half 2022 will support greater fed cattle supplies during much of 2022. Slightly heavier carcass weights and greater non- fed cattle slaughter in the first half of the year also supports increased beef production. USDA w ill release its semi -annual Cattle report on January 31, providing estimates of heifers held for breeding and an insight into the number of feeder cattle available for placement during 2022. The pork production forecast for 2022 is reduced from the previous month as slower expected hog slaughter in the second half of the year more than offsets higher slaughter expectations in the first and second quarters. In the December Quarterly Hogs and Pigs report, producers indicated intentions to farrow fractionall y fewer sows in the first half of 2022 than in 2021; hogs from this pig crop will likely be slaughtered during the second half of 2022. First quarter broiler production is raised on hatchery data; no change is made to the outlying quarters. No change is made to turkey and egg production forecasts. For 2021, the beef import estimate is raised on recent trade data while beef exports remain unchanged. The pork export estimate is lowered on recent trade data. Poultry export estimates are lowered from last month, reflecting U.S. Census Bureau revisions to second-quarter data; no change is made to export estimates for the outlying quarters. For 2022, beef import and export forecasts are unchanged. The pork export forecast is lowered on continued weak import demand from China and expectations of increased competition from competing export ers in a number of other markets. Broiler export forecasts are reduced on slower expected global demand. Livestock and poultry price estimates for 2021 are adjusted to reflect December price data. For 2022, cattle, broiler, turkey, and egg price forecasts are raised on current prices and expectations of continued firm demand. The 2022 annual hog price forecast is unchanged with offsetting changes in first and second- quart er prices. The 2021 milk production estimate and the forecast for 2022 are unchanged from the previous month. On a fat basis, the 2021 import estimate and the 2022 forecast are raised from last month on recent trade data and higher imports of cheese an d butterfat products while exports for 2021 and 2022 are reduced. On a skim -solids basis, the 2021 import estimate is raised on recent trade data and higher imports of cheese and milk proteins. The 2022 skim -solids basis import forecast is also raised. The 2021 skim -solids basis export estimate is raised on recent trade data while the 2022 forecast is lowered on slower expected global demand for skim milk powder . Dairy product prices for 2021 are adjusted to include December data. The all milk price is raised on November data and a higher expected December price. For 2022, cheese, butter, nonfat dry milk, and whey price forecasts are raised from last month on firm domestic demand and tight supplies. Class III and Class IV prices for 2022 are raised from the previous month on higher dairy product prices. The 2022 all milk price forecast is raised to $22.60 per cwt. COTTON : U.S. 2021/22 cotton ending stocks are projected lower this month with lower production and a slight increase in domestic consumption more than offsetting lower exports. Production is 660,000 bales lower at 17.6 million bales —largely due to revised Texas WASDE- 620-5 yields —and U.S. mill use is 50,000 bales higher, at 2.55 million bales, based on faster than expected gains through November. Exports are reduced with a lower U.S. crop, continuing logistical issues in the United States and elsewhere, and a decline in proj ected world trade. Exports are reduced 500,000 bales to 15.0 million, and 2021/22 ending stocks are 2 00,000 bales lower relative to last month, at 3.2 million bales or 18 percent of use. The projected upland season- average price received by U.S. farmers is unchanged this month, at 90 cents per pound. Changes in the global 2021/22 balance sheet are relatively small this month, led by a 608,000- bale reduction in world production. Projected world production is reduced as lower U.S. production and a 500,000- bale decline in India’s crop more than offsets increases for China, Australia, and Pakistan. The 2021/22 world cotton trade forecast is 385,000 bales lower this month. A 500,000- bale decline in China’s expected imports more than offsets a 200,000- bale increase for Pakistan, and smaller changes elsewhere. Exports are projected lower for the United States and Burkina Faso, but higher for Australia and smaller Franc Zone exporters. The 2021/22 global consumption forecast is virtually unchanged as a 500,00 0-bale decline in China’s cotton use is offset by gains for India, Mexico, and Pakistan. Global ending stocks for 2021/22 are down 726,000 bales this month, at 85.0 million bales, 3.4 million bales lower than in 2020/21. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Mark Jekanowski , (202) 720- 6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: SETH MEYER SECRETARY OF AGRICULTURE DESIGNATE WASDE- 620-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone, ICEC Chair, WAOB, [email protected] Andrew Sowell , ERS; Rachel Trego, FAS; Pete Riley, FPAC. Rice: Mark Simone, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS; Pete Riley , FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Michael McConnell, ERS; Yoonhee Macke, FAS; Sharon Raszap, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Maria B ukowski, ERS; Bill George, FAS; Gustavo Ferreira, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; James Johnson, FAS; Kent Lanclos, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Vida Abadam, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Jacob Vuillemin, FAS; Georgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Grace Grossen, ERS; Claire Mezoughem, FAS; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Georgi Gabrielyan, FPAC. In 2022 the WASDE report will be released on Feb 9, Mar 9, Apr 8, May 12, Jun 10, Jul 12, Aug 12, Sep 12, Oct 12, Nov 9, and Dec 9. WASDE- 620-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Production .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and U se ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 January 2022 WASDE - 620 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2019/20 2678.26 3487.48 448.58 2673.10 814.38 2020/21 (Est.) 2717.01 3531.39 482.15 2734.11 797.29 filler filler filler filler filler 2021/22 (Proj.) Dec 2790.33 3589.09 509.01 2793.48 795.61 2021/22 (Proj.) Jan 2788.52 3585.81 507.48 2791.73 794.08 filler filler filler filler filler Wheat 2019/20 762.20 1042.91 194.35 746.92 295.99 2020/21 (Est.) 775.87 1071.86 202.48 783.04 288.82 filler filler filler filler filler 2021/22 (Proj.) Dec 777.89 1067.53 205.47 789.35 278.18 2021/22 ( Proj.) Jan 778.60 1067.42 204.40 787.47 279.95 filler filler filler filler filler Coarse Grains 5/ 2019/20 1417.22 1769.15 210.82 1432.45 336.70 2020/21 (Est.) 1433.90 1770.60 229.37 1448.61 321.99 filler filler filler filler filler 2021/22 (Proj.) Dec 1501.67 1823.85 253.81 1493.22 330.64 2021/22 (Proj.) Jan 1500.05 1822.04 253.21 1493.97 328.07 filler filler filler filler filler Rice, milled 2019/20 498.84 675.42 43.40 493.73 181.69 2020/21 (Est.) 507.24 688.93 50.30 502.45 186.48 filler filler filler filler filler 2021/22 (Proj.) Dec 510.78 697.71 49.74 510.91 186.80 2021/22 (Proj.) Jan 509.87 696.35 49.86 510.29 186.06 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2019/20 417.89 516.29 79.82 355.75 80.73 2020/21 (Est.) 429.86 516.87 107.45 351.02 58.40 filler filler filler filler filler 2021/22 (Proj.) Dec 448.89 513.76 97.59 358.20 57.97 2021/22 (Proj.) Jan 449.59 514.10 94.99 359.34 59.76 filler filler filler filler filler Wheat 2019/20 52.58 84.79 26.37 30.44 27.99 2020/21 (Est.) 49.75 80.46 26.99 30.48 23.00 filler filler filler filler filler 2021/22 (Proj.) Dec 44.79 70.79 22.86 31.65 16.28 2021/22 (Proj.) Jan 44.79 70.51 22.45 30.97 17.09 filler filler filler filler filler Coarse Grains 5/ 2019/20 359.43 423.01 50.46 320.73 51.83 2020/21 (Est.) 372.89 427.19 77.48 315.70 34.01 filler filler filler filler filler 2021/22 (Proj.) Dec 397.95 434.37 71.91 321.86 40.60 2021/22 (Proj.) Jan 398.71 435.12 69.75 323.75 41.63 filler filler filler filler filler Rice, milled 2019/20 5.88 8.49 2.99 4.59 0.91 2020/21 (Est.) 7.22 9.22 2.98 4.85 1.39 filler filler filler filler filler 2021/22 (Proj.) Dec 6.15 8.60 2.83 4.68 1.10 2021/22 (Proj.) Jan 6.09 8.46 2.79 4.62 1.05 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). January 2022 WASDE - 620 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2019/20 2,260.37 2,971.19 368.76 2,317.35 733.65 2020/21 (Est.) 2,287.15 3,014.52 374.70 2,383.08 738.89 filler filler filler filler filler 2021/22 (Proj.) Dec 2,341.44 3,075.33 411.42 2,435.28 737.64 2021/22 (Proj.) Jan 2,338.93 3,071.71 412.48 2,432.39 734.32 filler filler filler filler filler Wheat 2019/20 709.62 958.12 167.98 716.48 268.01 2020/21 (Est.) 726.12 991.40 175.49 752.57 265.82 filler filler filler filler filler 2021/22 (Proj.) Dec 733.10 996.74 182.61 757.70 261.91 2021/22 (Proj.) Jan 733.81 996.91 181.95 756.50 262.86 filler filler filler filler filler Coarse Grains 5/ 2019/20 1,057.79 1,346.13 160.37 1,111.72 284.87 2020/21 (Est.) 1,061.02 1,343.41 151.89 1,132.91 287.98 filler filler filler filler filler 2021/22 (Proj.) Dec 1,103.72 1,389.48 181.90 1,171.36 290.03 2021/22 (Proj.) Jan 1,101.34 1,386.92 183.47 1,170.22 286.44 filler filler filler filler filler Rice, milled 2019/20 492.96 666.93 40.41 489.15 180.78 2020/21 (Est.) 500.02 679.71 47.32 497.61 185.09 filler filler filler filler filler 2021/22 (Proj.) Dec 504.62 689.11 46.91 506.23 185.70 2021/22 (Proj.) Jan 503.78 687.88 47.07 505.66 185.01 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2019/20 120.99 200.68 41.16 103.07 97.30 2020/21 (Est.) 111.70 209.00 48.69 120.87 88.41 filler filler filler filler filler 2021/22 (Proj.) Dec 121.57 210.14 46.95 124.27 85.73 2021/22 (Proj.) Jan 120.96 209.37 46.56 124.24 85.01 filler filler filler filler filler United States 2019/20 19.91 24.77 15.51 2.15 7.25 2020/21 (Est.) 14.61 21.86 16.37 2.40 3.15 filler filler filler filler filler 2021/22 (Proj.) Dec 18.28 21.44 15.50 2.50 3.40 2021/22 (Proj.) Jan 17.62 20.78 15.00 2.55 3.20 filler filler filler filler filler Foreign 4/ 2019/20 101.07 175.92 25.64 100.92 90.05 2020/21 (Est.) 97.10 187.15 32.31 118.47 85.26 filler filler filler filler filler 2021/22 (Proj.) Dec 103.28 188.70 31.45 121.77 82.33 2021/22 (Proj.) Jan 103.33 188.59 31.56 121.69 81.81 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. January 2022 WASDE - 620 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2019/20 581.00 714.94 190.79 508.27 112.64 2020/21 (Est.) 603.75 716.39 190.96 508.55 113.88 filler filler filler filler filler 2021/22 (Proj.) Dec 627.58 741.25 196.00 527.15 114.13 2021/22 (Proj.) Jan 619.17 733.05 194.39 525.88 107.32 filler filler filler filler filler Oilmeals 2019/20 346.66 365.91 95.32 341.34 19.03 2020/21 (Est.) 348.70 367.73 96.43 346.24 16.25 filler filler filler filler filler 2021/22 (Proj.) Dec 361.28 377.49 99.29 354.58 17.07 2021/22 (Proj.) Jan 359.91 376.16 98.55 354.09 16.55 filler filler filler filler filler Vegetable Oils 2019/20 207.24 233.21 87.14 201.99 26.80 2020/21 (Est.) 206.34 233.15 84.97 205.36 24.56 filler filler filler filler filler 2021/22 (Proj.) Dec 214.97 239.77 91.15 211.15 23.98 2021/22 (Proj.) Jan 213.91 238.47 89.85 210.67 23.73 filler filler filler filler filler United States Output Total Supply Trade Total Use 2 / Ending Stocks Oilseeds 2019/20 106.98 134.74 46.97 63.04 15.96 2020/21 (Est.) 124.49 141.66 62.77 62.70 8.61 filler filler filler filler filler 2021/22 (Proj.) Dec 130.26 139.91 56.82 63.51 10.75 2021/22 (Proj.) Jan 130.59 140.26 56.80 63.52 11.08 filler filler filler filler filler Oilmeals 2019/20 48.76 53.31 12.83 40.09 0.39 2020/21 (Est.) 48.27 53.04 12.72 39.94 0.39 filler filler filler filler filler 2021/22 (Proj.) Dec 49.20 53.14 13.13 39.57 0.44 2021/22 (Proj.) Jan 49.00 52.94 12.95 39.56 0.44 filler filler filler filler filler Vegetable Oils 2019/20 12.64 18.71 1.50 16.00 1.21 2020/21 (Est.) 12.72 18.87 1.04 16.54 1.29 filler filler filler filler filler 2021/22 (Proj.) Dec 12.90 19.26 0.76 17.29 1.21 2021/22 (Proj.) Jan 12.99 19.35 0.84 17.30 1.21 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2019/20 474.02 580.21 143.82 445.23 96.68 2020/21 (Est.) 479.25 574.73 128.19 445.85 105.28 filler filler filler filler filler 2021/22 (Proj.) Dec 497.32 601.34 139.18 463.64 103.39 2021/22 (Proj.) Jan 488.58 592.79 137.60 462.36 96.25 filler filler filler filler filler Oilmeals 2019/20 297.89 312.61 82.50 301.24 18.65 2020/21 (Est.) 300.43 314.69 83.72 306.30 15.86 filler filler filler filler filler 2021/22 (Proj.) Dec 312.08 324.35 86.16 315.01 16.63 2021/22 (Proj.) Jan 310.91 323.22 85.60 314.53 16.12 filler filler filler filler filler Vegetable Oils 2019/20 194.61 214.50 85.64 185.99 25.60 2020/21 (Est.) 193.62 214.27 83.93 188.82 23.27 filler filler filler filler filler 2021/22 (Proj.) Dec 202.07 220.50 90.39 193.86 22.77 2021/22 (Proj.) Jan 200.92 219.12 89.01 193.37 22.52 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. January 2022 WASDE - 620 - 11 U.S. Wheat Supply and Use 1/ 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Dec Jan Million Acres Area Planted 45.5 44.5 46.7 46.7 Area Harvested 37.4 36.8 37.2 37.2 Bushels Yield per Harvested Acre 51.7 49.7 44.3 44.3 Million Bushels Beginning Stocks 1,080 1,028 845 845 Production 1,932 1,828 1,646 1,646 Imports 104 100 110 100 Supply, Total 3,116 2,957 2,601 2,591 Food 962 961 962 962 Seed 60 64 66 66 Feed and Residual 97 95 135 110 Domestic, Total 1,118 1,120 1,163 1,138 Exports 969 992 840 825 Use, Total 2,087 2,111 2,003 1,963 Ending Stocks 1,028 845 598 628 Avg. Farm Price ($/bu) 2/ 4.58 5.05 7.05 7.15 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2020/21 (Est.) Beginning Stocks 506 280 105 95 42 1,028 Production 659 531 266 303 69 1,828 Supply, Total 3/ 1,169 858 376 404 148 2,957 Domestic Use 402 339 222 64 93 1,120 Exports 340 284 69 270 28 992 Use, Total 742 623 291 334 121 2,111 Ending Stocks, Total 428 235 85 70 27 845 2021/22 (Proj.) Beginning Stocks 428 235 85 70 27 845 Production 749 297 361 201 37 1,646 Supply, Total 3/ 1,182 577 451 276 105 2,591 Domestic Use 507 245 239 80 68 1,138 Exports 335 205 120 150 15 825 Use, Total 842 450 359 230 83 1,963 Ending Stocks, Total Jan 340 128 92 46 22 628 Ending Stocks, Total Dec 309 132 93 46 17 598 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. January 2022 WASDE - 620 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Dec Jan Million Acres Area Planted 100.6 102.3 105.9 105.9 Area Harvested 89.1 90.6 94.2 94.5 Metric Tons Yield per Harvested Acre 4.03 4.11 4.22 4.22 Million Metric Tons Beginning Stocks 60.5 51.8 34.0 34.0 Production 359.2 372.6 397.7 398.5 Imports 2.8 2.2 2.1 2.2 Supply, Total 422.4 426.6 433.8 434.6 Feed and Residual 154.3 146.3 147.8 147.6 Food, Seed & Industrial 165.9 168.8 173.6 175.6 Domestic, Total 320.2 315.2 321.4 323.3 Exports 50.4 77.5 71.9 69.7 Use, Total 370.6 392.6 393.3 393.0 Ending Stocks 51.8 34.0 40.6 41.6 CORN 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. December January Million Acres Area Planted 89.7 90.7 93.3 93.4 Area Harvested 81.3 82.3 85.1 85.4 Bushels Yield per Harvested Acre 167.5 171.4 177.0 177.0 Million Bushels Beginning Stocks 2,221 1,919 1,236 1,235 Production 13,620 14,111 15,062 15,115 Imports 42 24 25 25 Supply, Total 15,883 16,055 16,323 16,375 Feed and Residual 5,900 5,602 5,650 5,650 Food, Seed & Industrial 2/ 6,286 6,466 6,680 6,760 Ethanol & by -products 3/ 4,857 5,028 5,250 5,325 Domestic, Total 12,186 12,068 12,330 12,410 Exports 1,777 2,753 2,500 2,425 Use, Total 13,963 14,821 14,830 14,835 Ending Stocks 1,919 1,235 1,493 1,540 Avg. Farm Price ($/bu) 4/ 3.56 4.53 5.45 5.45 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed -grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by- products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. January 2022 WASDE - 620 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Dec Jan Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 5.3 5.9 7.3 7.3 Area Harvested (mil. acres) 4.7 5.1 6.5 6.5 Yield (bushels/acre) 73.0 73.2 72.3 69.0 Beginning Stocks 64 30 20 20 Production 341 373 471 448 Imports 0 0 0 0 Supply, Total 405 403 492 468 Feed and Residual 97 89 125 115 Food, Seed & Industrial 75 10 10 10 Total Domestic 172 99 135 125 Exports 203 284 320 310 Use, Total 375 383 455 435 Ending Stocks 30 20 37 33 Avg. Farm Price ($/bu) 2/ 3.34 5.04 5.45 5.45 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. December January Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.8 2.7 2.7 2.7 Area Harvested (mil. acres) 2.2 2.2 1.9 1.9 Yield (bushels/acre) 77.7 77.2 60.4 60.4 Beginning Stocks 87 80 71 71 Production 172 171 118 118 Imports 7 7 7 9 Supply, Total 266 258 196 198 Feed and Residual 38 26 10 15 Food, Seed & Industrial 142 147 115 115 Total Domestic 180 172 125 130 Exports 6 14 11 11 Use, Total 186 186 136 141 Ending Stocks 80 71 60 57 Avg. Farm Price ($/bu) 2/ 4.69 4.75 5.15 5.15 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. December January Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.8 3.0 2.6 2.6 Area Harvested (mil. acres) 0.8 1.0 0.7 0.7 Yield (bushels/acre) 64.3 65.1 61.3 61.3 Beginning Stocks 38 37 38 38 Production 53 66 40 40 Imports 92 85 77 77 Supply, Total 183 188 155 155 Feed and Residual 63 68 45 45 Food, Seed & Industrial 82 78 80 80 Total Domestic 144 147 125 125 Exports 2 3 2 2 Use, Total 146 150 127 127 Ending Stocks 37 38 28 28 Avg. Farm Price ($/bu) 2/ 2.82 2.77 3.70 3.80 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. January 2022 WASDE - 620 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Dec Jan Million Acres Area Planted 2.55 3.04 2.54 2.53 Area Harvested 2.48 2.99 2.50 2.49 Fil ler Pounds Yield per Harvested Acre 7,473 7,619 7,756 7,709 Million Hundredweight Beginning Stocks 2/ 44.9 28.7 43.7 43.7 Production 185.1 227.5 193.8 191.8 Imports 37.3 34.1 33.5 31.0 Supply, Total 267.3 290.2 271.0 266.5 Domestic & Residual 3/ 144.4 152.7 147.5 145.5 Exports, Total 4/ 94.2 93.9 89.0 88.0 Rough 31.3 34.6 34.0 34.0 Milled (rough equiv.) 62.9 59.3 55.0 54.0 Use, Total 238.6 246.6 236.5 233.5 Ending Stocks 28.7 43.7 34.5 33.0 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 13.60 14.00 14.80 15.10 Total LONG -GRAIN RICE 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. December January Harvested Acres (mil.) 1.73 2.30 1.94 Yield (pounds/acre) 7,261 7,422 7,471 Beginning Stocks 32.6 16.9 29.7 29.7 Imports 29.8 27.4 26.0 24.0 Production 125.6 170.8 146.7 144.6 Supply, Total 7/ 188.0 215.1 202.5 198.4 Domestic & Residual 3/ 106.3 120.2 115.0 113.0 Exports 8/ 64.8 65.1 64.0 64.0 Use, Total 171.1 185.3 179.0 177.0 Ending Stocks 16.9 29.7 23.5 21.4 Avg. Farm Price ($/cwt) 6/ 12.00 12.60 13.10 13.20 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. December January Harvested Acres (mil.) 0.75 0.69 0.55 Yield (pounds/acre) 7,964 8,282 8,543 Beginning Stocks 10.2 10.7 11.5 11.5 Imports 7.6 6.7 7.5 7.0 Production 59.5 56.7 47.1 47.2 Supply, Total 7/ 78.3 72.7 66.0 65.6 Domestic & Residual 3/ 38.2 32.4 32.5 32.5 Exports 8/ 29.4 28.8 25.0 24.0 Use, Total 67.6 61.2 57.5 56.5 Ending Stocks 10.7 11.5 8.5 9.1 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 18.20 18.80 20.00 20.70 California 10/ 21.60 20.90 23.00 24.00 Other States 1/ 11.60 13.10 13.70 13.80 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2017/18 -1.4; 2018/19-2.1; 2019/20 -1.0. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farm ers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The California medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. 10/ Marketing year beginning October 1. January 2022 WASDE - 620 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Dec Jan Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 76.1 83.4 87.2 87.2 Area Harvested 74.9 82.6 86.4 86.3 Fil ler Bushels Yield per Harvested Acre 47.4 51.0 51.2 51.4 Million Bushels Beginning Stocks 909 525 256 257 Production 3,552 4,216 4,425 4,435 Imports 15 20 15 15 Supply, Total 4,476 4,761 4,696 4,707 Crushings 2,165 2,141 2,190 2,190 Exports 1,679 2,265 2,050 2,050 Seed 97 101 102 102 Residual 11 -4 15 16 Use, Total 3,952 4,504 4,356 4,357 Ending Stocks 525 257 340 350 Avg. Farm Price ($/bu) 2/ 8.57 10.80 12.10 12.60 Total SOYBEAN OIL 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. December January Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,775 1,853 2,131 2,131 Production 4/ 24,911 25,023 25,735 25,910 Imports 320 302 450 450 Supply, Total 27,006 27,177 28,316 28,491 Domestic Disappearance 22,317 23,323 25,150 25,150 Biofuel 3/ 8,658 8,850 11,000 11,000 Food, Feed & other Industrial 13,659 14,473 14,150 14,150 Exports 2,837 1,723 1,250 1,425 Use, Total 25,154 25,046 26,400 26,575 Ending stocks 1,853 2,131 1,916 1,916 Avg. Price (c/lb) 2/ 29.65 56.87 65.00 65.00 Total SOYBEAN MEAL 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. December January Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 402 341 341 341 Production 4/ 51,100 50,565 51,709 51,509 Imports 639 783 450 450 Supply, Total 52,142 51,689 52,500 52,300 Domestic Disappearance 37,967 37,580 37,900 37,900 Exports 13,834 13,768 14,200 14,000 Use, Total 51,801 51,348 52,100 51,900 Ending Stocks 341 341 400 400 Avg. Price ($/s.t.) 2/ 299.50 392.31 330.00 375.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects soybean oil used for biofuels as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,134 million bushels for 2020/21 and 2,190 million bushels for 2021/22. January 2022 WASDE - 620 - 16 U.S. Sugar Supply and Use 1/ 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Dec Jan Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,783 1,618 1,702 1,705 Production 2/ 8,149 9,233 9,241 9,393 Beet Sugar 4,351 5,092 5,393 5,401 Cane Sugar 3,798 4,141 3,847 3,992 Florida 2,106 2,090 2,005 2,005 Louisiana 1,566 1,918 1,712 1,857 Texas 126 134 130 130 Imports 4,165 3,195 3,076 3,016 TRQ 3/ 2,152 1,749 1,611 1,551 Other Program 4/ 432 292 250 250 Other 5/ 1,581 1,154 1,215 1,215 Mexico 1,376 968 1,065 1,065 Total Supply 14,097 14,046 14,018 14,113 Exports 61 49 35 35 Deliveries 12,344 12,252 12,305 12,305 Food 12,246 12,135 12,200 12,200 Other 6/ 98 116 105 105 Miscellaneous 74 40 0 0 Total Use 12,479 12,341 12,340 12,340 Ending Stocks 1,618 1,705 1,678 1,773 Stocks to Use Ratio 13.0 13.8 13.6 14.4 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2020/21 and 2021/22 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2020/21, WTO raw sugar TRQ shortfall (110) and for 2021/22 (251). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Imports from Mexico; and high- tier tariff sugar and syrups not otherwise specified -- for 2019/20 (206), 2020/21 (186), and 2021/22 (150). 6/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Tota l refiner license transfers for SCP and POLY inclusive of WASDE -reported deliveries: 2019/20 -- 298; estimated 2020/21 -- 298; projected 2021/22 -- 313. Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2020/21 Est. Dec 858 5,715 65 4,420 1,165 1,053 2020/21 Est. Jan 858 5,715 65 4,420 1,165 1,053 2021/22 Proj. Dec 1,053 5,979 63 4,401 1,777 917 2021/22 Proj. Jan 1,053 5,979 63 4,401 1,777 917 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2019/20 = 1,388; Estimated 2020/21 = 1,320; Projected 2021/22 = 1,310; Estimated Oct - Nov 2021 = 201, Oct - Nov 2020 = 224. Footnote source for estimate: Comite Nacional para el Desarollo Sus tentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2020/21 (485 est =451 dom.+33 import); 2021/22 (486 proj = 451 dom.+35 import) . Statistical Adjustments: 2020/21 (0), 2021/22 (0). January 2022 WASDE - 620 - 17 U.S. Cotton Supply and Use 1/ 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Dec Jan Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 13.74 12.09 11.19 11.22 Harvested 11.50 8.27 9.92 9.97 Fil ler Pounds Yield per Harvested Acre 831 847 885 849 Million 480 Pound Bales Beginning Stocks 4.85 7.25 3.15 3.15 Production 19.91 14.61 18.28 17.62 Imports 0.00 0.00 0.01 0.01 Supply, Total 24.77 21.86 21.44 20.78 Domestic Use 2.15 2.40 2.50 2.55 Exports, Total 15.51 16.37 15.50 15.00 Use, Total 17.66 18.77 18.00 17.55 Unaccounted 2/ -0.15 -0.06 0.04 0.03 Ending Stocks 7.25 3.15 3.40 3.20 Avg. Farm Price 3/ 59.6 66.3 90.0 90.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. January 2022 WASDE - 620 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 280.71 762.20 188.17 139.20 746.92 194.35 295.99 World Less China 142.62 628.60 182.80 120.20 620.92 193.31 145.98 United States 29.39 52.58 2.83 2.63 30.44 26.37 27.99 Total Foreign 251.33 709.62 185.35 136.57 716.48 167.98 268.01 Major Exporters 4/ 37.35 308.51 7.55 73.38 179.16 141.84 32.41 Argentina 1.74 19.78 0.01 0.05 6.35 12.79 2.39 Australia 4.44 14.48 0.89 4.50 8.00 9.14 2.68 Canada 6.04 32.67 0.68 4.13 9.26 24.63 5.50 European Union 5/ 15.80 138.80 5.55 45.50 107.25 39.79 13.11 Russia 7.78 73.61 0.33 17.00 40.00 34.49 7.23 Ukraine 1.56 29.17 0.09 2.20 8.30 21.02 1.50 Major Importers 6/ 178.71 201.29 122.78 37.09 297.91 13.21 191.67 Bangladesh 1.26 1.20 6.80 0.30 7.50 0.00 1.76 Brazil 1.06 5.20 7.03 0.50 12.10 0.43 0.76 China 138.09 133.60 5.38 19.00 126.00 1.05 150.02 Japan 1.08 1.10 5.68 0.65 6.37 0.29 1.21 N. Africa 7/ 15.54 18.40 27.74 1.85 46.25 1.07 14.36 Nigeria 0.20 0.06 5.34 0.05 4.90 0.40 0.30 Sel. Mideast 8/ 10.76 20.95 18.49 3.60 38.47 0.78 10.94 Southeast Asia 9/ 5.95 0.00 26.46 7.94 25.37 1.13 5.91 Selected Other India 16.99 103.60 0.02 6.00 95.40 0.51 24.70 Kazakhstan 1.71 11.45 0.58 1.30 6.10 6.99 0.66 United Kingdom 1.91 15.60 1.75 7.70 15.20 1.62 2.44 2020/21 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 295.99 775.87 194.00 157.71 783.04 202.48 288.82 World Less China 145.98 641.62 183.38 117.71 633.04 201.72 144.70 United States 27.99 49.75 2.73 2.60 30.48 26.99 23.00 Total Foreign 268.01 726.12 191.28 155.11 752.57 175.49 265.82 Major Exporters 4/ 32.41 323.83 6.66 72.83 179.43 147.47 35.99 Argentina 2.39 17.65 0.01 0.05 6.35 11.53 2.16 Australia 2.68 33.30 0.20 4.50 8.00 23.85 4.33 Canada 5.50 35.18 0.55 4.18 9.13 26.41 5.69 European Union 5/ 13.11 126.93 5.38 42.50 104.75 29.74 10.93 Russia 7.23 85.35 0.40 19.00 42.50 39.10 11.38 Ukraine 1.50 25.42 0.13 2.60 8.70 16.85 1.51 Major Importers 6/ 191.67 201.00 124.86 57.38 323.92 12.62 180.99 Bangladesh 1.76 1.18 7.20 0.50 8.00 0.00 2.14 Brazil 0.76 6.25 6.40 0.40 12.05 0.93 0.43 China 150.02 134.25 10.62 40.00 150.00 0.76 144.12 Japan 1.21 1.00 5.49 0.65 6.35 0.30 1.05 N. Africa 7/ 14.36 16.60 28.50 1.75 46.82 0.80 11.84 Nigeria 0.30 0.06 6.59 0.05 5.55 0.60 0.79 Sel. Mideast 8/ 10.94 20.43 17.74 3.54 38.95 0.62 9.54 Southeast Asia 9/ 5.91 0.00 25.64 7.09 24.85 1.14 5.56 Selected Other India 24.70 107.86 0.02 6.50 102.22 2.56 27.80 Kazakhstan 0.66 14.26 1.00 1.45 6.25 8.19 1.48 United Kingdom 2.44 9.66 3.22 5.96 13.46 0.45 1.42 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. January 2022 WASDE - 620 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Dec 289.64 777.89 202.96 160.60 789.35 205.47 278.18 Jan 288.82 778.60 202.56 159.56 787.47 204.40 279.95 World Less China Dec 145.52 640.94 193.46 124.60 640.85 204.57 137.01 Jan 144.70 641.65 193.06 123.56 638.97 203.50 138.78 United States Dec 23.00 44.79 2.99 3.67 31.65 22.86 16.28 Jan 23.00 44.79 2.72 2.99 30.97 22.45 17.09 Total Foreign Dec 266.64 733.10 199.97 156.93 757.70 182.61 261.91 Jan 265.82 733.81 199.84 156.57 756.50 181.95 262.86 Major Exporters 4/ Dec 36.72 322.85 6.70 75.00 181.50 151.20 33.58 Jan 35.99 323.55 6.70 74.55 181.05 150.70 34.50 Argentina Dec 2.29 20.00 0.00 0.05 6.45 13.50 2.34 Jan 2.16 20.50 0.00 0.05 6.45 13.50 2.71 Australia Dec 4.33 34.00 0.20 5.00 8.50 25.50 4.53 Jan 4.33 34.00 0.20 5.00 8.50 25.50 4.53 Canada Dec 5.69 21.65 0.70 2.80 7.90 15.00 5.14 Jan 5.69 21.65 0.70 2.80 7.90 15.00 5.14 European Union 5/ Dec 10.93 138.70 5.20 45.75 107.90 37.00 9.93 Jan 10.93 138.90 5.20 45.50 107.65 37.50 9.88 Russia Dec 11.98 75.50 0.50 18.50 41.75 36.00 10.23 Jan 11.38 75.50 0.50 18.50 41.75 35.00 10.63 Ukraine Dec 1.51 33.00 0.10 2.90 9.00 24.20 1.41 Jan 1.51 33.00 0.10 2.70 8.80 24.20 1.61 Major Importers 6/ Dec 180.99 205.72 134.00 55.74 327.89 13.42 179.40 Jan 180.99 205.70 134.20 55.81 327.96 13.42 179.50 Bangladesh Dec 2.14 1.13 7.40 0.60 8.45 0.00 2.22 Jan 2.14 1.13 7.40 0.60 8.45 0.00 2.22 Brazil Dec 0.43 7.90 6.50 0.80 12.60 1.30 0.93 Jan 0.43 7.80 6.50 0.80 12.60 1.30 0.83 China Dec 144.12 136.95 9.50 36.00 148.50 0.90 141.17 Jan 144.12 136.95 9.50 36.00 148.50 0.90 141.17 Japan Dec 1.05 1.10 5.60 0.63 6.30 0.30 1.15 Jan 1.05 1.10 5.60 0.63 6.30 0.30 1.15 N. Africa 7/ Dec 11.84 21.59 28.30 1.95 47.80 1.01 12.92 Jan 11.84 21.59 28.50 1.97 47.82 1.01 13.10 Nigeria Dec 0.79 0.09 6.20 0.05 5.85 0.60 0.63 Jan 0.79 0.09 6.20 0.05 5.85 0.60 0.63 Sel. Mideast 8/ Dec 9.54 17.49 23.95 4.07 40.10 0.71 10.17 Jan 9.54 17.49 23.95 4.12 40.15 0.71 10.12 Southeast Asia 9/ Dec 5.56 0.00 26.05 7.20 25.35 1.16 5.10 Jan 5.56 0.00 26.05 7.20 25.35 1.16 5.10 Selected Other India Dec 27.80 109.52 0.03 7.00 104.25 5.25 27.85 Jan 27.80 109.52 0.03 7.00 104.25 5.25 27.85 Kazakhstan Dec 1.28 12.00 0.80 1.25 6.05 7.20 0.83 Jan 1.48 12.00 1.00 1.25 6.05 7.20 1.23 United Kingdom Dec 1.42 14.30 2.00 7.35 15.30 0.70 1.72 Jan 1.42 14.30 2.00 7.35 15.30 0.70 1.72 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. January 2022 WASDE - 620 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 351.93 1,417.22 205.09 883.76 1,432.45 210.82 336.70 World Less China 141.27 1,148.15 187.61 682.04 1,136.24 210.78 135.74 United States 60.47 359.43 3.11 154.53 320.73 50.45 51.83 Total Foreign 291.46 1,057.79 201.98 729.24 1,111.72 160.37 284.87 Major Exporters 4/ 19.62 307.96 4.58 134.43 179.34 128.59 24.23 Argentina 3.62 58.13 0.02 12.12 17.78 39.31 4.68 Australia 2.43 12.00 0.01 5.71 7.67 3.87 2.89 Brazil 5.67 105.82 2.31 61.71 72.84 35.23 5.72 Canada 3.29 28.61 1.92 17.23 24.93 4.91 3.98 Russia 1.22 40.50 0.18 22.29 31.39 8.63 1.87 Ukraine 2.04 46.55 0.03 8.89 11.89 34.08 2.65 Major Importers 5/ 37.34 248.15 142.37 293.04 375.18 15.98 36.70 European Union 6/ 14.51 152.66 19.42 119.75 158.79 13.65 14.15 Japan 1.75 0.23 17.63 13.91 17.87 0.00 1.74 Mexico 5.78 32.10 17.60 30.83 50.31 1.03 4.14 N. Afr & Mideast 7/ 7.39 33.22 41.65 64.98 73.45 0.69 8.12 Saudi Arabia 1.70 0.20 11.22 11.05 11.40 0.00 1.72 Southeast Asia 8/ 3.38 29.40 18.20 38.50 46.55 0.61 3.82 South Korea 1.86 0.28 11.98 9.55 12.09 0.00 2.02 Selected Other China 210.66 269.07 17.48 201.72 296.21 0.04 200.96 2020/21 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 336.70 1,433.90 234.38 902.40 1,448.61 229.37 321.99 World Less China 135.74 1,164.82 183.85 681.45 1,135.50 229.36 114.54 United States 51.83 372.89 2.48 146.51 315.70 77.48 34.01 Total Foreign 284.87 1,061.02 231.91 755.89 1,132.91 151.89 287.98 Major Exporters 4/ 24.23 295.01 6.13 134.88 181.52 122.78 21.07 Argentina 4.68 58.97 0.02 11.58 17.31 44.06 2.29 Australia 2.89 16.70 0.00 5.13 7.04 10.21 2.33 Brazil 5.72 90.96 4.00 63.52 75.46 19.51 5.72 Canada 3.98 29.64 1.90 16.74 24.69 7.22 3.61 Russia 1.87 41.40 0.09 21.47 31.04 10.42 1.90 Ukraine 2.65 39.59 0.07 9.16 12.32 28.15 1.85 Major Importers 5/ 36.70 252.32 136.93 294.13 376.60 13.21 36.13 European Union 6/ 14.15 155.07 15.86 120.15 159.58 11.45 14.05 Japan 1.74 0.23 16.98 13.32 17.20 0.00 1.75 Mexico 4.14 32.66 17.15 30.34 49.84 0.51 3.60 N. Afr & Mideast 7/ 8.12 33.42 38.09 63.18 71.39 0.69 7.55 Saudi Arabia 1.72 0.19 10.03 10.25 10.61 0.00 1.33 Southeast Asia 8/ 3.82 30.45 22.54 42.82 51.10 0.57 5.14 South Korea 2.02 0.22 11.81 9.55 12.10 0.00 1.95 Selected Other China 200.96 269.08 50.53 220.95 313.11 0.01 207.46 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, an d Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indone sia, Malaysia, Philippines, Thailand, and Vietnam. January 2022 WASDE - 620 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Dec 322.19 1,501.67 234.48 921.50 1,493.22 253.81 330.64 Jan 321.99 1,500.05 235.80 921.97 1,493.97 253.21 328.07 World Less China Dec 115.00 1,221.72 187.78 688.40 1,170.32 253.76 119.75 Jan 114.54 1,219.20 189.05 688.42 1,170.02 253.16 117.01 United States Dec 34.06 397.95 2.36 147.90 321.86 71.91 40.60 Jan 34.01 398.71 2.40 147.76 323.75 69.75 41.63 Total Foreign Dec 288.12 1,103.72 232.12 773.60 1,171.36 181.90 290.03 Jan 287.98 1,101.34 233.40 774.21 1,170.22 183.47 286.44 Major Exporters 4/ Dec 21.56 334.65 5.49 138.52 184.24 153.01 24.44 Jan 21.07 333.07 6.09 139.26 184.71 154.36 21.15 Argentina Dec 2.80 63.88 0.01 12.45 18.12 44.80 3.76 Jan 2.29 63.39 0.01 11.96 17.63 44.80 3.25 Australia Dec 2.33 16.95 0.00 5.70 7.77 10.18 1.34 Jan 2.33 16.95 0.00 5.40 7.47 10.48 1.34 Brazil Dec 5.72 122.02 2.20 65.59 77.53 43.03 9.39 Jan 5.72 119.02 2.50 65.59 77.53 43.03 6.69 Canada Dec 3.61 24.21 3.11 17.25 24.50 3.95 2.49 Jan 3.61 24.21 3.41 17.55 24.80 3.95 2.49 Russia Dec 1.87 38.40 0.10 21.00 29.95 9.18 1.25 Jan 1.90 38.31 0.10 21.24 29.91 9.23 1.17 Ukraine Dec 1.85 51.59 0.03 9.12 12.33 38.68 2.46 Jan 1.85 53.59 0.03 10.12 13.33 39.68 2.46 Major Importers 5/ Dec 36.08 248.96 139.57 294.49 377.65 14.11 32.85 Jan 36.13 248.15 140.27 294.38 377.59 14.15 32.82 European Union 6/ Dec 14.09 155.20 16.44 119.38 159.00 12.56 14.17 Jan 14.05 154.80 16.44 118.97 158.59 12.56 14.14 Japan Dec 1.75 0.25 17.24 13.83 17.77 0.00 1.46 Jan 1.75 0.25 17.24 13.83 17.77 0.00 1.46 Mexico Dec 3.60 33.75 17.60 30.89 50.39 0.60 3.96 Jan 3.60 33.35 17.90 30.89 50.39 0.60 3.86 N. Afr & Mideast 7/ Dec 7.40 29.65 42.34 63.82 72.49 0.42 6.49 Jan 7.55 29.65 42.84 64.42 73.09 0.42 6.54 Saudi Arabia Dec 1.33 0.20 10.31 10.06 10.41 0.00 1.43 Jan 1.33 0.20 10.01 9.76 10.11 0.00 1.43 Southeast Asia 8/ Dec 5.14 29.61 19.45 42.45 50.75 0.54 2.92 Jan 5.14 29.61 19.45 42.45 50.75 0.58 2.88 South Korea Dec 2.01 0.22 11.61 9.55 12.06 0.00 1.78 Jan 1.95 0.22 11.81 9.55 12.11 0.00 1.87 Selected Other China Dec 207.19 279.95 46.70 233.10 322.90 0.05 210.89 Jan 207.46 280.85 46.75 233.55 323.95 0.05 211.06 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit , and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Afr ica and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade ex cludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. January 2022 WASDE - 620 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 322.37 1,119.71 167.77 715.78 1,135.81 172.34 306.27 World Less China 112.19 858.93 160.19 522.78 857.81 172.32 105.75 United States 56.41 345.96 1.06 149.87 309.55 45.13 48.76 Total Foreign 265.96 773.74 166.70 565.90 826.26 127.20 257.52 Major Exporters 4/ 9.97 219.01 1.73 88.40 110.40 107.03 13.27 Argentina 2.37 51.00 0.00 9.50 13.50 36.25 3.62 Brazil 5.31 102.00 1.65 58.50 68.50 35.23 5.23 Russia 0.38 14.28 0.05 8.80 9.80 4.07 0.83 South Africa 1.02 15.84 0.00 6.40 12.20 2.55 2.12 Ukraine 0.89 35.89 0.03 5.20 6.40 28.93 1.48 Major Importers 5/ 22.24 129.30 93.95 163.15 217.65 7.04 20.81 Egypt 1.81 6.40 10.43 14.40 16.90 0.01 1.73 European Union 6/ 7.64 66.74 17.38 59.10 79.00 5.39 7.38 Japan 1.45 0.00 15.89 12.40 15.95 0.00 1.39 Mexico 5.16 26.66 16.53 25.60 43.80 1.03 3.52 Southeast Asia 7/ 3.37 29.35 17.26 37.70 45.55 0.61 3.81 South Korea 1.84 0.08 11.88 9.50 11.80 0.00 2.00 Selected Other 0.00 Canada 1.98 13.40 1.84 8.64 13.96 0.71 2.56 China 210.18 260.78 7.58 193.00 278.00 0.01 200.53 2020/21 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2 / Exports Ending Stocks World 3/ 306.27 1,122.83 186.31 722.90 1,136.87 179.36 292.23 World Less China 105.75 862.16 156.80 519.90 851.87 179.35 86.53 United States 48.76 358.45 0.62 142.30 306.54 69.92 31.36 Total Foreign 257.52 764.38 185.70 580.60 830.33 109.44 260.87 Major Exporters 4/ 13.27 198.57 3.57 91.50 114.60 90.05 10.76 Argentina 3.62 50.50 0.01 9.50 13.50 39.50 1.12 Brazil 5.23 87.00 3.50 60.00 71.00 19.50 5.23 Russia 0.83 13.87 0.04 8.90 10.00 3.99 0.75 South Africa 2.12 16.90 0.01 7.20 13.00 3.20 2.83 Ukraine 1.48 30.30 0.02 5.90 7.10 23.86 0.83 Major Importers 5/ 20.81 131.40 92.89 163.75 218.96 4.79 21.35 Egypt 1.73 6.40 9.63 13.90 16.40 0.01 1.36 European Union 6/ 7.38 67.09 14.49 57.20 77.60 3.73 7.63 Japan 1.39 0.00 15.48 11.90 15.40 0.00 1.47 Mexico 3.52 27.35 16.50 25.60 43.80 0.48 3.08 Southeast Asia 7/ 3.81 30.40 20.69 41.15 49.20 0.57 5.14 South Korea 2.00 0.08 11.71 9.50 11.86 0.00 1.93 Selected Other 0.00 Canada 2.56 13.56 1.58 8.62 14.01 1.52 2.17 China 200.53 260.67 29.51 203.00 285.00 0.00 205.70 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. January 2022 WASDE - 620 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Dec 292.69 1,208.73 185.45 750.78 1,195.88 204.86 305.54 Jan 292.23 1,206.96 186.81 751.11 1,196.12 204.20 303.07 World Less China Dec 86.98 936.18 159.45 536.78 901.88 204.84 95.31 Jan 86.53 934.41 160.81 537.11 902.12 204.18 92.83 United States Dec 31.41 382.59 0.64 143.52 313.20 63.50 37.94 Jan 31.36 383.94 0.64 143.52 315.23 61.60 39.11 Total Foreign Dec 261.28 826.14 184.82 607.27 882.68 141.36 267.61 Jan 260.87 823.02 186.17 607.59 880.89 142.60 263.96 Major Exporters 4/ Dec 11.25 244.50 1.77 95.30 118.60 122.20 16.72 Jan 10.76 243.00 2.07 95.80 119.10 123.20 13.53 Argentina Dec 1.62 54.50 0.01 10.50 14.50 39.00 2.63 Jan 1.12 54.00 0.01 10.00 14.00 39.00 2.13 Brazil Dec 5.23 118.00 1.70 62.00 73.00 43.00 8.93 Jan 5.23 115.00 2.00 62.00 73.00 43.00 6.23 Russia Dec 0.74 15.00 0.05 9.80 10.90 4.50 0.39 Jan 0.75 15.00 0.05 9.80 10.90 4.50 0.40 South Africa Dec 2.83 17.00 0.00 7.30 13.30 3.20 3.33 Jan 2.83 17.00 0.00 7.30 13.30 3.20 3.33 Ukraine Dec 0.83 40.00 0.02 5.70 6.90 32.50 1.45 Jan 0.83 42.00 0.02 6.70 7.90 33.50 1.45 Major Importers 5/ Dec 21.27 134.47 91.30 166.80 222.20 6.04 18.80 Jan 21.35 133.68 91.80 166.50 221.95 6.08 18.80 Egypt Dec 1.19 6.40 10.30 14.20 16.70 0.01 1.19 Jan 1.36 6.40 10.30 14.30 16.80 0.01 1.25 European Union 6/ Dec 7.65 70.35 15.00 59.70 80.30 4.90 7.80 Jan 7.63 69.96 15.00 59.30 79.90 4.90 7.79 Japan Dec 1.47 0.01 15.60 12.30 15.85 0.00 1.22 Jan 1.47 0.01 15.60 12.30 15.85 0.00 1.22 Mexico Dec 3.08 28.00 17.00 26.00 44.20 0.60 3.28 Jan 3.08 27.60 17.30 26.00 44.20 0.60 3.18 Southeast Asia 7/ Dec 5.13 29.56 17.40 40.60 48.65 0.54 2.91 Jan 5.14 29.56 17.40 40.60 48.65 0.58 2.87 South Korea Dec 1.99 0.08 11.50 9.50 11.80 0.00 1.77 Jan 1.93 0.08 11.70 9.50 11.85 0.00 1.86 Selected Other Canada Dec 2.17 13.98 3.00 11.00 16.20 1.00 1.95 Jan 2.17 13.98 3.30 11.30 16.50 1.00 1.95 China Dec 205.70 272.55 26.00 214.00 294.00 0.02 210.24 Jan 205.70 272.55 26.00 214.00 294.00 0.02 210.24 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. January 2022 WASDE - 620 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 176.58 498.84 42.35 493.73 43.40 181.69 World Less China 61.58 352.11 39.75 348.50 40.80 65.19 United States 1.42 5.88 1.19 4.59 2.99 0.91 Total Foreign 175.15 492.96 41.17 489.15 40.41 180.78 Major Exporters 4/ 36.69 183.69 0.66 149.30 30.51 41.22 Burma 1.06 12.65 0.00 10.40 2.30 1.01 India 29.50 118.87 0.00 101.95 12.52 33.90 Pakistan 0.95 7.41 0.01 3.40 3.82 1.15 Thailand 4.08 17.66 0.25 12.30 5.71 3.98 Vietnam 1.10 27.10 0.40 21.25 6.17 1.18 Major Importers 5/ 127.82 239.80 13.97 249.85 3.18 128.56 China 115.00 146.73 2.60 145.23 2.60 116.50 European Union 6/ 1.19 1.99 2.00 3.39 0.53 1.26 Indonesia 4.06 34.70 0.55 36.00 0.00 3.31 Nigeria 1.22 5.04 1.40 6.85 0.00 0.81 Philippines 3.52 11.93 2.45 14.30 0.00 3.60 Sel. Mideast 7/ 0.89 2.34 3.97 5.98 0.00 1.22 Selected Other 0.00 Brazil 0.24 7.60 0.90 7.30 1.22 0.21 C. Amer & Carib 8/ 0.61 1.60 1.87 3.39 0.04 0.65 Egypt 0.95 4.30 0.30 4.30 0.02 1.23 Japan 2.05 7.61 0.71 8.35 0.03 1.98 Mexico 0.15 0.18 0.80 0.94 0.02 0.18 South Korea 1.09 3.74 0.45 4.10 0.06 1.14 2020/21 Est. Beginning Stocks Productio n Imports Total /2 Domestic Exports Ending Stocks World 3/ 181.69 507.24 46.30 502.45 50.30 186.48 World Less China 65.19 358.94 41.80 351.88 48.08 69.98 United States 0.91 7.22 1.08 4.85 2.98 1.39 Total Foreign 180.78 500.02 45.22 497.61 47.32 185.09 Major Exporters 4/ 41.22 189.30 2.01 148.41 38.14 45.98 Burma 1.01 12.60 0.00 10.55 1.95 1.11 India 33.90 122.27 0.00 100.01 20.17 36.00 Pakistan 1.15 8.18 0.01 3.70 3.88 1.76 Thailand 3.98 18.86 0.20 12.70 5.90 4.44 Vietnam 1.18 27.38 1.80 21.45 6.25 2.66 Major Importers 5/ 128.56 240.72 16.98 255.50 2.69 128.07 China 116.50 148.30 4.50 150.58 2.22 116.50 European Union 6/ 1.26 1.95 1.78 3.40 0.44 1.16 Indonesia 3.31 35.30 0.60 35.80 0.00 3.41 Nigeria 0.81 4.89 1.90 6.90 0.00 0.70 Philippines 3.60 12.42 2.20 14.45 0.00 3.76 Sel. Mideast 7/ 1.22 2.31 3.25 5.83 0.00 0.95 Selected Other 0.00 Brazil 0.21 8.00 0.70 7.45 0.75 0.72 C. Amer & Carib 8/ 0.65 1.60 1.65 3.34 0.04 0.53 Egypt 1.23 4.00 0.23 4.30 0.01 1.16 Japan 1.98 7.57 0.69 8.25 0.08 1.91 Mexico 0.18 0.20 0.81 0.96 0.02 0.21 South Korea 1.14 3.51 0.43 4.00 0.05 1.02 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. January 2022 WASDE - 620 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Dec 186.93 510.78 47.81 510.91 49.74 186.80 Jan 186.48 509.87 48.63 510.29 49.86 186.06 World Less China Dec 70.43 361.79 43.31 356.02 47.64 73.80 Jan 69.98 360.88 44.03 355.40 47.66 73.06 United States Dec 1.39 6.15 1.06 4.68 2.83 1.10 Jan 1.39 6.09 0.98 4.62 2.79 1.05 Total Foreign Dec 185.55 504.62 46.75 506.23 46.91 185.70 Jan 185.09 503.78 47.65 505.67 47.07 185.01 Major Exporters 4/ Dec 46.19 192.20 0.71 152.40 37.80 48.90 Jan 45.98 192.29 0.81 152.55 38.15 48.38 Burma Dec 1.26 12.60 0.00 10.65 1.90 1.32 Jan 1.11 12.60 0.00 10.65 1.90 1.17 India Dec 36.00 125.00 0.00 103.50 19.00 38.50 Jan 36.00 125.00 0.00 103.50 19.25 38.25 Pakistan Dec 1.76 8.20 0.01 3.90 4.00 2.07 Jan 1.76 8.20 0.01 3.90 4.00 2.07 Thailand Dec 4.64 19.30 0.20 13.00 6.50 4.64 Jan 4.44 19.30 0.20 13.00 6.50 4.44 Vietnam Dec 2.52 27.10 0.50 21.35 6.40 2.37 Jan 2.66 27.19 0.60 21.50 6.50 2.46 Major Importers 5/ Dec 128.12 242.34 18.13 260.76 2.56 125.27 Jan 128.07 242.39 18.58 260.81 2.66 125.57 China Dec 116.50 148.99 4.50 154.89 2.10 113.00 Jan 116.50 148.99 4.60 154.89 2.20 113.00 European Union 6/ Dec 1.16 1.85 1.93 3.44 0.44 1.06 Jan 1.16 1.85 1.93 3.44 0.44 1.06 Indonesia Dec 3.41 35.35 0.60 35.60 0.00 3.76 Jan 3.41 35.40 0.60 35.60 0.00 3.81 Nigeria Dec 0.70 5.00 2.00 6.95 0.00 0.75 Jan 0.70 5.00 2.00 6.95 0.00 0.75 Philippines Dec 3.76 12.30 2.50 14.85 0.00 3.71 Jan 3.76 12.30 2.70 14.85 0.00 3.91 Sel. Mideast 7/ Dec 1.00 2.15 3.75 5.83 0.00 1.07 Jan 0.95 2.15 3.75 5.83 0.00 1.02 Selected Other Brazil Dec 0.61 8.02 0.65 7.45 1.05 0.78 Jan 0.72 8.02 0.60 7.55 0.90 0.89 C. Amer & Carib 8/ Dec 0.55 1.65 1.85 3.41 0.02 0.62 Jan 0.53 1.65 1.83 3.40 0.02 0.58 Egypt Dec 1.16 2.90 0.90 4.25 0.01 0.71 Jan 1.16 2.90 0.90 4.25 0.01 0.70 Japan Dec 1.91 7.56 0.69 8.20 0.07 1.88 Jan 1.91 7.56 0.69 8.20 0.07 1.88 Mexico Dec 0.20 0.22 0.80 0.97 0.01 0.24 Jan 0.21 0.21 0.80 0.97 0.01 0.24 South Korea Dec 1.04 3.88 0.41 3.95 0.06 1.33 Jan 1.02 3.88 0.41 3.95 0.06 1.31 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. January 2022 WASDE - 620 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2019/20 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 79.70 120.99 40.81 103.07 41.16 -0.04 97.30 World Less China 44.03 93.74 33.67 70.07 41.00 -0.04 60.40 United States 4.85 19.91 3/ 2.15 15.51 -0.15 7.25 Total Foreign 74.85 101.07 40.81 100.92 25.64 0.11 90.05 Major Exporters 4/ 27.93 57.40 2.92 28.17 21.15 0.02 38.90 Central Asia 5/ 2.28 5.96 3/ 3.92 1.76 0.00 2.56 Afr. Fr. Zone 6/ 1.40 5.80 3/ 0.13 4.60 0.00 2.46 S. Hemis. 7/ 15.34 16.69 0.14 3.56 11.34 0.01 17.25 Australia 1.57 0.63 3/ 0.04 1.36 0.00 0.80 Brazil 12.26 13.78 0.01 2.70 8.94 0.00 14.40 India 8.60 28.50 2.28 20.00 3.20 0.00 16.18 Major Importers 8/ 44.95 40.62 35.44 69.04 3.19 0.09 48.69 Mexico 0.69 1.57 0.59 1.48 0.66 0.03 0.69 China 35.67 27.25 7.14 33.00 0.16 0.00 36.90 European Union 9/ 0.29 2.00 0.58 0.59 1.82 0.01 0.44 Turkey 1.69 3.45 4.67 6.60 0.45 0.00 2.77 Pakistan 2.50 6.20 3.98 9.40 0.06 0.03 3.19 Indonesia 0.53 3/ 2.51 2.40 0.00 0.00 0.64 Thailand 0.20 3/ 0.70 0.78 0.00 0.02 0.10 Bangladesh 1.78 0.14 7.50 6.90 0.00 0.01 2.52 Vietnam 1.23 3/ 6.48 6.60 0.00 0.00 1.11 2020/21 Est. Beginning Stocks Productio n Imports Domestic Use Exports Loss /2 Ending Stocks World 97.30 111.70 49.01 120.87 48.69 0.04 88.41 World Less China 60.40 82.20 36.15 80.87 48.68 0.04 49.16 United States 7.25 14.61 3/ 2.40 16.37 -0.06 3.15 Total Foreign 90.05 97.10 49.01 118.47 32.31 0.10 85.26 Major Exporters 4/ 38.90 54.23 1.60 33.95 27.77 0.02 32.99 Central Asia 5/ 2.56 5.80 0.01 4.17 1.99 0.00 2.21 Afr. Fr. Zone 6/ 2.46 4.79 3/ 0.13 5.31 0.00 1.81 S. Hemis. 7/ 17.25 15.69 0.14 4.03 13.73 0.01 15.32 Australia 0.80 2.80 3/ 0.04 1.56 0.00 2.00 Brazil 14.40 10.82 0.01 3.10 11.01 0.00 11.12 India 16.18 27.60 0.84 25.00 6.19 0.00 13.44 Major Importers 8/ 48.69 39.75 45.06 80.68 3.10 0.08 49.64 Mexico 0.69 1.02 0.93 1.70 0.49 0.03 0.43 China 36.90 29.50 12.86 40.00 0.01 0.00 39.25 European Union 9/ 0.44 1.68 0.56 0.59 1.96 0.01 0.13 Turkey 2.77 2.90 5.33 7.70 0.59 0.00 2.71 Pakistan 3.19 4.50 5.33 10.70 0.03 0.03 2.27 Indonesia 0.64 3/ 2.31 2.45 0.01 0.00 0.50 Thailand 0.10 3/ 0.60 0.61 0.00 0.02 0.08 Bangladesh 2.52 0.15 8.75 8.50 0.00 0.01 2.90 Vietnam 1.11 3/ 7.31 7.30 0.00 0.00 1.12 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. January 2022 WASDE - 620 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2021/22 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Dec 88.58 121.57 46.94 124.27 46.95 0.13 85.73 Jan 88.41 120.96 46.56 124.24 46.56 0.12 85.01 World Less China Dec 49.33 94.82 36.69 84.27 46.90 0.13 49.53 Jan 49.16 93.96 36.81 84.74 46.51 0.12 48.56 United States Dec 3.15 18.28 0.01 2.50 15.50 0.04 3.40 Jan 3.15 17.62 0.01 2.55 15.00 0.03 3.20 filler filler filler filler filler filler filler Total Foreign Dec 85.43 103.28 46.94 121.77 31.45 0.10 82.33 Jan 85.26 103.33 46.56 121.69 31.56 0.10 81.81 Major Exporters 4/ Dec 33.21 61.23 1.78 35.15 27.24 0.02 33.80 Jan 32.99 60.93 1.78 35.35 27.39 0.02 32.94 Central Asia 5/ Dec 2.21 5.68 0.02 4.38 1.51 0.00 2.01 Jan 2.21 5.68 0.02 4.38 1.51 0.00 2.01 Afr. Fr. Zone 6/ Dec 2.02 6.17 3/ 0.13 5.98 0.00 2.07 Jan 1.81 6.17 3/ 0.13 6.03 0.00 1.81 S. Hemis. 7/ Dec 15.32 20.93 0.16 4.23 13.50 0.01 18.67 Jan 15.32 21.13 0.16 4.23 13.60 0.01 18.77 Australia Dec 2.00 5.30 3/ 0.04 3.90 0.00 3.37 Jan 2.00 5.50 3/ 0.04 4.00 0.00 3.47 filler filler filler filler filler filler filler Brazil Dec 11.12 13.20 0.03 3.20 8.30 0.00 12.84 Jan 11.12 13.20 0.03 3.20 8.30 0.00 12.84 India Dec 13.44 28.00 1.00 25.80 5.80 0.00 10.84 Jan 13.44 27.50 1.00 26.00 5.80 0.00 10.14 Major Importers 8/ Dec 49.59 38.94 42.51 82.59 2.53 0.08 45.85 Jan 49.64 39.29 42.21 82.29 2.48 0.08 46.30 Mexico Dec 0.43 1.05 1.08 1.80 0.30 0.03 0.43 Jan 0.43 1.05 1.08 1.90 0.25 0.03 0.38 China Dec 39.25 26.75 10.25 40.00 0.05 0.00 36.20 Jan 39.25 27.00 9.75 39.50 0.05 0.00 36.45 European Union 9/ Dec 0.13 1.48 0.60 0.62 1.46 0.00 0.13 Jan 0.13 1.48 0.60 0.62 1.46 0.00 0.13 Turkey Dec 2.71 3.80 5.20 8.50 0.65 0.00 2.56 Jan 2.71 3.80 5.20 8.50 0.65 0.00 2.56 Pakistan Dec 2.27 5.70 5.30 11.10 0.05 0.03 2.09 Jan 2.27 5.80 5.50 11.20 0.05 0.03 2.29 Indonesia Dec 0.45 3/ 2.50 2.50 0.01 0.00 0.44 Jan 0.50 3/ 2.50 2.50 0.01 0.00 0.49 Thailand Dec 0.08 3/ 0.65 0.63 0.00 0.02 0.08 Jan 0.08 3/ 0.65 0.63 0.00 0.02 0.08 Bangladesh Dec 2.90 0.15 8.30 8.80 0.00 0.01 2.54 Jan 2.90 0.15 8.30 8.80 0.00 0.01 2.54 Vietnam Dec 1.12 3/ 7.50 7.50 0.00 0.00 1.13 Jan 1.12 3/ 7.50 7.50 0.00 0.00 1.13 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. January 2022 WASDE - 620 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 114.09 339.88 165.04 312.42 358.36 165.06 95.60 World Less China 94.63 321.79 66.51 220.92 249.16 164.97 68.81 United States 24.74 96.67 0.42 58.91 61.85 45.70 14.28 Total Foreign 89.35 243.21 164.63 253.51 296.51 119.36 81.32 Major Exporters 3/ 61.73 189.54 5.45 89.09 99.05 110.68 46.99 Argentina 28.89 48.80 4.88 38.77 45.92 10.00 26.65 Brazil 32.47 128.50 0.55 46.74 49.39 92.14 20.00 Paraguay 0.35 10.25 0.01 3.50 3.66 6.62 0.33 Major Importers 4/ 22.06 21.76 131.95 120.00 145.86 0.34 29.56 China 19.46 18.09 98.53 91.50 109.20 0.09 26.79 European Union 1.52 2.62 15.02 15.60 17.32 0.23 1.61 Southeast Asia 0.71 0.60 9.32 4.50 9.81 0.02 0.80 Mexico 0.18 0.24 5.75 6.00 6.05 0.00 0.11 2020/21 Est. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 95.60 366.23 165.61 315.57 362.83 164.73 99.88 World Less China 68.81 346.63 65.85 222.57 251.23 164.66 65.40 United States 14.28 114.75 0.54 58.26 60.92 61.66 6.99 Total Foreign 81.32 251.48 165.07 257.32 301.92 103.07 92.89 Major Exporters 3/ 46.99 195.81 5.85 90.29 100.37 95.08 53.20 Argentina 26.65 46.20 4.82 40.16 47.41 5.19 25.06 Brazil 20.00 138.00 1.02 46.75 49.41 81.65 27.95 Paraguay 0.33 9.90 0.01 3.30 3.47 6.60 0.17 Major Importers 4/ 29.56 23.24 133.28 122.23 149.11 0.28 36.69 China 26.79 19.60 99.76 93.00 111.60 0.07 34.48 European Union 1.61 2.58 14.79 15.90 17.62 0.19 1.17 Southeast Asia 0.80 0.58 9.64 4.81 10.24 0.02 0.77 Mexico 0.11 0.25 6.00 6.20 6.25 0.00 0.10 2021/22 Proj. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ Dec 99.81 381.78 169.78 327.75 377.03 172.34 102.00 Jan 99.88 372.56 168.43 325.72 374.93 170.74 95.20 World Less China Dec 65.32 365.38 69.78 230.75 260.33 172.24 67.92 Jan 65.40 356.16 68.43 228.72 258.23 170.64 61.12 United States Dec 6.97 120.43 0.41 59.60 62.77 55.79 9.25 Jan 6.99 120.71 0.41 59.60 62.79 55.79 9.52 Total Foreign Dec 92.84 261.36 169.37 268.14 314.27 116.55 92.75 Jan 92.89 251.86 168.02 266.12 312.13 114.95 85.68 Major Exporters 3/ Dec 53.20 206.10 5.47 93.18 103.41 108.23 53.13 Jan 53.20 196.60 4.97 91.58 101.80 106.63 46.34 Argentina Dec 25.06 49.50 4.80 42.00 49.40 5.35 24.61 Jan 25.06 46.50 4.50 41.20 48.60 4.85 22.61 Brazil Dec 27.95 144.00 0.65 47.70 50.35 94.00 28.25 Jan 27.95 139.00 0.45 47.20 49.85 94.00 23.55 Paraguay Dec 0.17 10.00 0.01 3.40 3.58 6.35 0.26 Jan 0.17 8.50 0.01 3.10 3.27 5.25 0.17 Major Importers 4/ Dec 36.63 20.22 134.40 126.73 154.75 0.35 36.16 Jan 36.69 20.22 134.23 126.73 154.70 0.35 36.09 China Dec 34.48 16.40 100.00 97.00 116.70 0.10 34.08 Jan 34.48 16.40 100.00 97.00 116.70 0.10 34.08 European Union Dec 1.11 2.75 15.00 15.90 17.62 0.23 1.01 Jan 1.17 2.75 14.90 15.90 17.62 0.23 0.97 Southeast Asia Dec 0.77 0.53 9.90 4.98 10.44 0.02 0.74 Jan 0.77 0.53 9.85 4.98 10.39 0.02 0.74 Mexico Dec 0.10 0.30 6.20 6.40 6.45 0.00 0.15 Jan 0.10 0.30 6.20 6.40 6.45 0.00 0.15 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports . Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to roun ding. January 2022 WASDE - 620 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 14.99 245.59 61.97 240.68 67.62 14.26 World Less China 14.99 173.12 61.92 169.17 66.60 14.26 United States 0.37 46.36 0.58 34.44 12.55 0.31 Total Foreign 14.63 199.23 61.39 206.23 55.07 13.95 Major Exporters 3/ 6.90 73.19 0.03 27.37 45.85 6.91 Argentina 2.99 30.24 0.00 3.20 27.46 2.57 Brazil 3.54 36.23 0.01 18.50 17.50 3.77 India 0.38 6.72 0.02 5.67 0.89 0.57 Major Importers 4/ 2.28 22.40 37.28 59.20 0.99 1.76 European Union 0.91 12.32 16.33 28.29 0.87 0.40 Mexico 0.26 4.75 1.82 6.73 0.01 0.10 Southeast Asia 5/ 1.00 3.51 17.27 20.64 0.11 1.04 China 0.00 72.47 0.05 71.51 1.01 0.00 2020/21 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 14.26 248.12 63.56 244.68 68.63 12.63 World Less China 14.26 174.47 63.49 172.00 67.58 12.63 United States 0.31 45.87 0.71 34.09 12.49 0.31 Total Foreign 13.95 202.25 62.85 210.59 56.14 12.32 Major Exporters 3/ 6.91 75.16 0.25 28.46 46.93 6.93 Argentina 2.57 31.32 0.00 3.33 28.32 2.24 Brazil 3.77 36.24 0.02 19.14 16.59 4.31 India 0.57 7.60 0.24 6.00 2.03 0.38 Major Importers 4/ 1.76 22.97 37.39 59.74 1.14 1.24 European Union 0.40 12.57 16.53 28.49 0.85 0.16 Mexico 0.10 4.90 1.90 6.78 0.01 0.12 Southeast Asia 5/ 1.04 3.75 17.12 20.89 0.28 0.75 China 0.00 73.66 0.07 72.68 1.05 0.00 2021/22 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Dec 12.42 257.61 65.72 251.95 70.80 13.00 Jan 12.63 255.93 65.05 251.24 69.94 12.43 World Less China Dec 12.42 180.79 65.66 176.17 69.70 13.00 Jan 12.63 179.11 64.99 175.45 68.84 12.43 United States Dec 0.31 46.91 0.41 34.38 12.88 0.36 Jan 0.31 46.73 0.41 34.38 12.70 0.36 Total Foreign Dec 12.11 210.70 65.31 217.57 57.92 12.64 Jan 12.32 209.20 64.64 216.85 57.24 12.07 Major Exporters 3/ Dec 6.92 77.72 0.75 29.75 48.40 7.24 Jan 6.93 76.72 0.72 29.63 47.90 6.84 Argentina Dec 2.24 32.75 0.00 3.40 29.30 2.29 Jan 2.24 32.14 0.00 3.39 28.80 2.19 Brazil Dec 4.30 36.97 0.02 20.00 17.00 4.28 Jan 4.31 36.59 0.02 19.90 17.00 4.01 India Dec 0.38 8.00 0.73 6.35 2.10 0.67 Jan 0.38 8.00 0.70 6.35 2.10 0.64 Major Importers 4/ Dec 1.28 23.31 38.23 60.43 1.09 1.30 Jan 1.24 23.31 38.08 60.33 1.14 1.16 European Union Dec 0.15 12.57 17.00 28.59 0.85 0.28 Jan 0.16 12.57 16.90 28.59 0.85 0.19 Mexico Dec 0.12 5.06 1.93 7.00 0.01 0.09 Jan 0.12 5.06 1.93 7.00 0.01 0.09 Southeast Asia 5/ Dec 0.79 3.88 17.50 21.23 0.24 0.71 Jan 0.75 3.88 17.45 21.13 0.29 0.66 China Dec 0.00 76.82 0.06 75.78 1.10 0.00 Jan 0.00 76.82 0.06 75.78 1.10 0.00 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. January 2022 WASDE - 620 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 4.36 58.53 11.39 57.26 12.30 4.73 World Less China 3.86 42.14 10.39 40.16 12.14 4.08 United States 0.81 11.30 0.15 10.12 1.29 0.84 Total Foreign 3.55 47.23 11.25 47.13 11.01 3.89 Major Exporters 3/ 1.07 20.33 0.56 12.42 8.10 1.43 Argentina 0.43 7.70 0.00 2.18 5.40 0.55 Brazil 0.32 9.00 0.07 7.77 1.16 0.47 European Union 0.26 2.96 0.48 2.43 0.91 0.36 Major Importers 4/ 1.23 19.43 7.04 25.89 0.47 1.34 China 0.50 16.40 1.00 17.09 0.16 0.65 India 0.14 1.51 3.63 5.12 0.02 0.14 North Africa 5/ 0.32 1.05 1.78 2.47 0.29 0.40 2020/21 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 4.73 59.22 11.66 58.91 12.42 4.28 World Less China 4.08 42.55 10.43 41.10 12.38 3.58 United States 0.84 11.35 0.14 10.58 0.78 0.97 Total Foreign 3.89 47.87 11.52 48.33 11.64 3.32 Major Exporters 3/ 1.43 20.55 0.74 12.53 9.06 1.13 Argentina 0.55 7.90 0.00 2.04 6.14 0.27 Brazil 0.47 9.00 0.25 7.93 1.26 0.53 European Union 0.36 3.02 0.49 2.51 1.06 0.31 Major Importers 4/ 1.34 19.89 6.78 26.63 0.21 1.17 China 0.65 16.67 1.23 17.81 0.04 0.70 India 0.14 1.71 3.25 4.94 0.01 0.15 North Africa 5/ 0.40 1.01 1.64 2.65 0.13 0.27 2021/22 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Dec 4.19 61.64 11.59 60.69 12.72 4.01 Jan 4.28 61.30 11.69 60.60 12.49 4.19 World Less China Dec 3.49 44.26 10.49 42.41 12.57 3.26 Jan 3.58 43.92 10.59 42.32 12.34 3.44 United States Dec 0.97 11.67 0.20 11.41 0.57 0.87 Jan 0.97 11.75 0.20 11.41 0.65 0.87 Total Foreign Dec 3.23 49.97 11.39 49.28 12.15 3.15 Jan 3.32 49.55 11.49 49.19 11.84 3.32 Major Exporters 3/ Dec 1.08 21.20 0.55 12.62 9.23 0.98 Jan 1.13 20.85 0.63 12.51 8.94 1.15 Argentina Dec 0.27 8.35 0.00 2.10 6.25 0.27 Jan 0.27 8.15 0.00 2.15 5.90 0.37 Brazil Dec 0.49 9.18 0.10 7.86 1.45 0.46 Jan 0.53 9.09 0.13 7.65 1.55 0.54 European Union Dec 0.30 3.02 0.45 2.61 0.95 0.22 Jan 0.31 3.02 0.50 2.66 0.95 0.23 Major Importers 4/ Dec 1.12 21.00 6.78 27.27 0.42 1.22 Jan 1.17 20.95 6.81 27.26 0.41 1.26 China Dec 0.70 17.38 1.10 18.28 0.15 0.75 Jan 0.70 17.38 1.10 18.28 0.15 0.75 India Dec 0.15 1.80 3.40 5.10 0.02 0.24 Jan 0.15 1.80 3.40 5.10 0.02 0.24 North Africa 5/ Dec 0.23 1.20 1.60 2.57 0.25 0.22 Jan 0.27 1.16 1.63 2.57 0.24 0.25 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. January 2022 WASDE - 620 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2020 Annual 27,174 28,303 55,680 44,583 5,743 50,876 106,556 9,283 223.2 2021 I 6,895 7,291 14,235 10,893 1,390 12,410 26,645 2,306 56.8 II 6,957 6,668 13,673 11,231 1,399 12,770 26,443 2,303 58.1 III 6,978 6,529 13,551 11,581 1,403 13,124 26,675 2,332 55.9 IV 7,120 7,205 14,375 11,175 1,400 12,695 27,070 2,395 55.4 Annual Dec Proj. 27,895 27,733 55,817 44,730 5,592 50,859 106,676 9,341 226.2 Jan Est. 27,950 27,693 55,834 44,880 5,592 50,999 106,833 9,336 226.2 2022 I* 6,885 7,005 13,940 11,250 1,390 12,770 26,710 2,345 56.9 II* 6,855 6,535 13,439 11,400 1,405 12,950 26,389 2,345 58.2 III* 6,745 6,765 13,557 11,690 1,420 13,255 26,812 2,365 56.4 IV* 6,680 7,210 13,939 11,260 1,425 12,815 26,754 2,425 56.2 Annual Dec Proj. 27,000 27,595 54,790 45,500 5,640 51,695 106,485 9,480 227.7 Jan Proj. 27,165 27,515 54,875 45,600 5,640 51,790 106,665 9,480 227.7 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2020 Annual 108.51 43.18 73.2 106.5 112.2 18.24 2021 I 112.98 55.71 84.0 110.1 127.8 17.33 II 120.75 80.92 104.4 117.7 94.2 18.67 III 123.51 76.15 105.4 129.7 120.1 18.00 IV 132.36 56.36 110.9 133.4 131.8 20.60 Annual Dec Proj. 122.56 67.20 100.4 122.1 116.8 18.60 Jan Est. 122.40 67.29 101.2 122.8 118.5 18.65 2022 I* 139.00 61.00 128.0 128.0 128.0 23.85 II* 136.00 65.00 118.0 125.0 115.0 22.80 III* 134.00 60.00 105.0 124.0 111.0 21.50 IV* 138.00 55.00 97.0 124.0 126.0 22.30 Annual Dec Proj. 135 60 102 123 117 20.75 Jan Proj. 137.0 60.5 112.0 125.5 120.0 22.60 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs , hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. January 2022 WASDE - 620 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2020 642 27,244 3,342 31,227 2,951 716 27,561 58.4 2021 Est. Dec 716 27,965 3,315 31,995 3,455 640 27,900 58.9 Jan 716 28,020 3,355 32,090 3,455 660 27,975 59.1 2022 Proj. Dec 640 27,070 3,265 30,975 3,270 640 27,065 57.0 Jan 660 27,235 3,265 31,160 3,270 640 27,250 57.4 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2020 646 28,318 904 29,869 7,280 467 22,121 52.0 2021 Est. Dec 467 27,748 1,160 29,376 7,163 485 21,728 50.9 Jan 467 27,708 1,190 29,366 7,088 460 21,818 51.1 2022 Proj. Dec 485 27,610 1,190 29,285 7,405 500 21,380 49.9 Jan 460 27,530 1,300 29,290 7,000 460 21,830 51.0 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2020 1,330 55,774 4,547 61,651 10,235 1,217 50,199 111.8 2021 Est. Dec 1,217 55,911 4,842 61,971 10,621 1,155 50,195 111.3 Jan 1,217 55,928 4,920 62,066 10,546 1,149 50,371 111.7 2022 Proj. Dec 1,155 54,885 4,818 60,858 10,678 1,173 49,006 108.4 Jan 1,149 54,970 4,955 61,074 10,273 1,133 49,667 109.9 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2020 937 44,106 145 45,188 7,367 830 36,991 96.2 2021 Est. Dec 830 44,251 149 45,230 7,545 760 36,925 95.7 Jan 830 44,400 155 45,385 7,376 750 37,259 96.6 2022 Proj. Dec 760 45,013 145 45,918 7,500 785 37,633 97.3 Jan 750 45,112 145 46,007 7,450 785 37,772 97.6 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2020 233 5,743 21 5,997 571 223 5,203 15.8 2021 Est. Dec 223 5,592 22 5,837 561 195 5,081 15.3 Jan 223 5,592 22 5,837 550 190 5,097 15.4 2022 Proj. Dec 195 5,640 21 5,856 565 200 5,091 15.3 Jan 190 5,640 21 5,851 565 200 5,086 15.3 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2020 1,175 50,398 167 51,740 8,013 1,057 42,670 113.4 2021 Est. Dec 1,057 50,380 175 51,612 8,157 961 42,494 112.5 Jan 1,057 50,518 181 51,756 7,972 946 42,838 113.4 2022 Proj. Dec 961 51,208 169 52,338 8,121 990 43,227 114.1 Jan 946 51,301 169 52,416 8,067 990 43,359 114.4 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2020 2,504 106,172 4,715 113,391 18,248 2,274 92,869 225.3 2021 Est. Dec 2,274 106,291 5,017 113,582 18,778 2,116 92,689 223.8 Jan 2,274 106,446 5,101 113,822 18,518 2,095 93,208 225.1 2022 Proj. Dec 2,116 106,092 4,987 113,195 18,799 2,163 92,233 222.5 Jan 2,095 106,271 5,124 113,490 18,340 2,123 93,027 224.4 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. January 2022 WASDE - 620 - 33 U.S. Egg Supply and Use Commodity 2019 2020 2021 Proj. 2021 Est. 2022 Proj. 2022 Proj. Dec Jan Dec Jan Eggs Million Dozen Supply Beginning Stocks 22.7 31.6 24.5 24.5 20.0 19.0 Production 9,441.8 9,283.4 9,340.7 9,335.7 9,480.0 9,480.0 Imports 14.6 15.5 17.8 17.9 16.0 16.1 Total Supply 9,479.1 9,330.5 9,383.0 9,378.1 9,516.0 9,515.1 Use Exports 333.8 344.0 417.0 392.0 380.0 360.0 Hatching Use 1,081.2 1,078.5 1,107.0 1,107.0 1,155.0 1,155.0 Ending Stocks 31.6 24.5 20.0 19.0 23.0 22.0 Disappearance Total 8,032.5 7,883.5 7,839.0 7,860.1 7,958.0 7,978.1 Per Capita (number) 293.4 286.5 283.9 284.6 287.4 288.1 Total U.S. Milk Supply and Use Commodity 2019 2020 2021 Proj. 2021 Est. 2022 Proj. 2022 Proj. Dec Jan Dec Jan Milk Billion Pounds Production 218.4 223.2 226.2 226.2 227.7 227.7 Farm Use 1.0 1.1 1.1 1.1 1.1 1.1 Fat Basis Supply Beg. Commercial Stocks 13.8 13.6 15.6 15.6 14.7 14.7 Marketings 217.4 222.1 225.2 225.2 226.6 226.6 Imports 6.9 6.8 6.5 6.7 6.5 6.8 Total Cml. Supply 238.1 242.5 247.3 247.4 247.9 248.1 Fat Basis Use Commercial Exports 9.1 9.3 11.8 11.7 11.5 11.2 Ending Commercial Stocks 13.6 15.6 14.7 14.7 14.5 14.5 CCC Donations 0.2 0.3 0.0 0.0 0.0 0.0 Domestic Commercial Use 215.2 217.4 220.9 221.0 221.8 222.4 Skim -solid Basis Supply Beg. Commercial Stocks 10.7 10.2 10.9 10.9 10.9 10.5 Marketings 217.4 222.1 225.2 225.2 226.6 226.6 Imports 5.8 5.6 5.7 5.8 5.5 5.6 Total Cml. Supply 233.9 237.9 241.7 241.9 243.0 242.7 Skim -solid Basis Use Commercial Exports 41.5 47.2 51.5 51.6 52.0 51.8 Ending Commercial Stocks 10.2 10.9 10.9 10.5 10.9 10.6 CCC Donations 0.2 0.1 0.0 0.0 0.0 0.0 Domestic Commercial Use 182.0 179.7 179.3 179.8 180.1 180.3 Total CCC Donations include purchases made through the USDA Trade Mitigation program. They do not include products purchased under other programs. Dairy domestic commercial use for 2020 includes additional milk marketed but not processed. Note: Totals may not add due to rounding. January 2022 WASDE - 620 - 34 U.S. Dairy Prices Commodity 2019 2020 2021 Proj. 2021 Est. 2022 Proj. 2022 Proj. Dec Jan Dec Jan Product Prices 1/ Dollars Per Pound Cheese 1.7586 1.9236 1.675 1.6755 1.775 1.875 Butter 2.2431 1.5808 1.730 1.7325 1.940 2.300 Nonfat Dry Milk 1.0419 1.0417 1.270 1.2693 1.510 1.550 Dry Whey 0.3799 0.3621 0.575 0.5744 0.575 0.645 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 16.96 18.16 17.05 17.08 18.15 19.65 Class IV 16.30 13.49 16.05 16.09 19.00 20.90 All Milk 3/ 18.65 18.24 18.60 18.65 20.75 22.60 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated pla nts for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . January 2022 WASDE - 620 - 35 Reliability of January Projections 1/ Note: Tables on pages 35 -37 present a record of the January projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0.7 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 1.1 percent. The average differen ce between the January projection and the final estimate is 3 million tons, ranging from 0 million to 8.3 million tons. The January projection has been below the estimate 30 times and above 9 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 0.7 1.1 3.0 0.0 8.3 30 9 U.S. 0.2 0.3 0.1 0.0 0.3 17 11 Foreign 0.8 1.3 3.0 0.1 8.3 29 10 Exports World 5.2 8.9 5.5 0.1 18.4 31 8 U.S. 5.1 8.6 1.3 0.1 3.9 21 18 Foreign 6.3 10.7 5.3 0.3 18.0 33 6 Domestic Use World 1.3 2.1 5.7 0.1 22.7 23 16 U.S. 4.6 7.8 1.1 0.0 3.0 11 27 Foreign 1.3 2.2 5.7 0.6 23.6 25 14 Ending Stocks World 5.1 8.6 6.7 0.2 25.2 27 12 U.S. 8.8 14.9 1.5 0.0 4.6 24 14 Foreign 5.5 9.3 5.9 0.1 25.5 27 12 COARSE GRAINS 2/ Production World 1.4 2.3 11.6 0.0 37.7 28 11 U.S. 0.4 0.7 0.4 0.0 4.6 17 9 Foreign 1.9 3.2 11.4 0.0 37.6 27 12 Exports World 6.4 10.9 6.2 0.2 31.9 29 10 U.S. 11.8 20.0 4.7 0.2 13.3 20 19 Foreign 10.9 18.5 6.2 0.4 26.8 26 13 Domestic Use World 1.1 1.9 8.7 0.0 36.2 21 18 U.S. 3.0 5.0 3.9 0.1 18.8 17 22 Foreign 1.4 2.3 8.7 0.1 36.2 27 12 Ending Stocks World 10.9 18.5 14.6 0.6 136.0 33 6 U.S. 15.4 26.2 5.7 0.0 24.3 20 18 Foreign 14.0 23.7 13.1 0.1 143.4 32 7 RICE, milled Production World 1.6 2.7 4.8 0.0 13.9 32 6 U.S. 1.6 2.7 0.1 0.0 0.3 13 7 Foreign 1.6 2.8 4.8 0.1 13.9 33 6 Exports World 9.0 15.3 1.8 0.0 6.6 29 10 U.S. 7.4 12.6 0.2 0.0 0.6 19 17 Foreign 10.0 17.0 1.7 0.0 6.2 28 11 Domestic Use World 1.3 2.3 3.3 0.0 13.9 27 12 U.S. 7.7 13.1 0.2 0.0 0.5 17 22 Foreign 1.3 2.3 3.3 0.0 13.6 28 11 Ending Stocks World 9.4 15.9 5.1 0.5 26.6 33 6 U.S. 20.3 34.4 0.2 0.0 0.6 21 15 Foreign 9.6 16.2 5.1 0.2 26.5 33 6 1/ Footnotes at end of table. CONTINUED January 2022 WASDE - 620 - 36 Reliability of January Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 3.4 5.7 5.0 0.0 22.4 22 17 U.S. 1.4 2.4 0.7 0.0 2.5 17 17 Foreign 5.7 9.6 5.1 0.2 22.6 22 17 Exports World 6.8 11.5 3.3 0.1 15.5 25 14 U.S. 8.0 13.5 1.9 0.1 6.7 23 16 Foreign 17.2 29.1 3.2 0.0 18.2 19 20 Domestic Use World 2.6 4.4 3.7 0.1 13.0 21 18 U.S. 3.3 5.6 1.2 0.0 3.6 25 14 Foreign 3.2 5.4 3.3 0.2 12.7 22 17 Ending Stocks World 14.5 24.6 4.3 0.1 18.7 22 17 U.S. 42.0 71.3 1.9 0.1 6.6 10 29 Foreign 16.5 28.0 4.0 0.1 17.2 26 13 COTTON Million 480 -Pound Bales Production World 2.5 4.3 1.9 0.0 5.4 25 13 U.S. 1.1 1.8 0.1 0.0 0.3 14 24 Foreign 3.1 5.2 1.9 0.0 5.7 27 11 Exports World 6.6 11.1 1.8 0.1 8.8 22 17 U.S. 11.0 18.7 0.8 0.0 2.7 25 14 Foreign 8.1 13.8 1.3 0.0 8.1 23 16 Domestic Use World 3.9 6.6 2.5 0.3 18.2 21 18 U.S. 8.3 14.1 0.3 0.0 0.9 20 17 Foreign 3.9 6.6 2.4 0.4 17.3 22 17 Ending Stocks World 10.3 17.6 4.3 0.1 20.0 24 15 U.S. 25.7 43.7 1.0 0.2 2.4 11 28 Foreign 11.0 18.6 4.1 0.2 18.2 26 13 1/ Marketing years 1981/82 through 2020/21 for grains, soybeans (U.S. only), and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2019/20, and for 2020/21 the last mo nth’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. January 2022 WASDE - 620 - 37 Reliability of United States January Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 0.4 0.7 14 0 148 4 4 Exports 12.4 21.0 167 3 513 19 20 Domestic Use 2.9 5.0 140 6 574 18 21 Ending Stocks 17.2 29.2 225 1 986 21 18 SORGHUM Production 1.0 1.7 2 0 53 1 3 Exports 17.1 29.1 29 0 97 25 12 Domestic Use 18.8 32.0 35 1 148 19 20 Ending Stocks 45.2 76.8 23 1 98 13 26 BARLEY Production 0.9 1.6 1 0 11 18 4 Exports 24.0 40.8 7 0 37 14 22 Domestic Use 7.1 12.0 15 0 70 15 21 Ending Stocks 12.8 21.6 11 1 52 24 15 OATS Production 0.4 0.7 0 0 2 5 4 Exports 64.6 109.6 1 0 7 9 10 Domestic Use 5.1 8.7 11 1 39 17 22 Ending Stocks 17.4 29.5 12 1 47 23 16 SOYBEAN MEAL Thousand Short Tons Production 3.3 5.5 959 15 3,117 25 14 Exports 10.2 17.3 672 1 2,626 28 11 Domestic Use 2.8 4.8 648 34 2,066 20 19 Ending Stocks 34.2 58.1 66 0 253 15 22 SOYBEAN OIL Million Pounds Production 3.2 5.4 436 7 1,418 27 12 Exports 25.7 43.6 336 0 1,325 22 15 Domestic Use 3.5 5.9 435 25 1,628 25 14 Ending Stocks 20.5 34.8 299 25 1,206 26 13 ANIMAL PROD. Million Pounds Beef 3.4 5.8 708 9 2,111 25 13 Pork 3.1 5.2 416 5 1,717 19 19 Broilers 1.7 2.9 383 24 1,011 23 15 Turkeys 2.9 4.9 124 2 407 18 20 Million Dozen Eggs 1.9 3.3 106 4 525 23 15 Billion Pounds Milk 1.5 2.5 1.8 0.0 5.7 20 17 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2020/21 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate followin g the marketing year for 1981/82 through 2020/21. Calendar years 1982 through 2020 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2020. WASDE- 620-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. IPAD is located at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 Register at usda.gov/oce/ag-outlook-forum 8:00 a.m. Welcome 8:10 a.m. 2022 Agricultural Economic & Foreign Trade Outlook—Chief Economist Seth Meyer 8:45 a.m. Secretary of Agriculture 9:45-11:45 a.m. Plenary Session 12:00-12:45 p.m. Lunchtime Address Concurrent Sessions Food Price & Farm Income OutlooksU.S. Trade & the Global MarketplaceSupply Chain ResilienceClimate Mitigation & AdaptationFrontiers in Ag Production & Technology 1:30–3:00 p.m.The U.S. Food Price OutlookU.S. Ag Trade Agenda and OutlookEffects of Shipping Disruptions on U.S. AgricultureBuilding Resilience through Extreme Event PreparednessNew Opportunities in the Biobased Economy 3:00–3:30 p.m. Break 3:30–5:00 p.m.U.S. Farm Income Forecast and the State of the Farm EconomyChina: Factors Upholding a High Agricultural Import DemandBuffering the Supply Chain from Shocks: Transforming Climate Science into ActionAssessing and Managing Production Risk: From Climate Models to Field OperationsEquity & Inclusion Addressing the Heirs’ Property Challenge in Land Ownership and SuccessionThursday, February 24 8:30-9:45 a.m. Morning Session Concurrent Sessions Commodity OutlookCommodity OutlookSupply Chain ResilienceClimate Mitigation & AdaptationFrontiers in Ag Production & Technology 10:00–11:30 a.m.Grains and OilseedsOutlookSugar OutlookLeveraging Data to Build Resilient Local and Regional Food SystemsReturns on Investment in Soil HealthProductivity Growth: Trends, Drivers, and Impacts Guest industry speaker 11:30 a.m.–12:15 p.m. 11:30 a.m.– 1:00 p.m.• 11:30 a.m.–12:45 p.m. Data visualization at USDA • 12:00–12:45 p.m. Lunch speaker on biostimulants• 11:30 a.m.–12:45 p.m. Lightning talks on productivity and innovation Commodity OutlookCommodity OutlookFood Safety and Nutrition Climate Mitigation and AdaptationFrontiers in Ag Production & Technology 1:00–2:30 p.m. Cotton Outlook Livestock and Poultry OutlookDefinitions and Truth in Food LabelingTrends in Conservation Practices to Reduce Greenhouse Gas EmissionsClimate-smart Innovations to Improve Food Security 3:00–4:30 p.m. Dairy Outlook Organic Outlook Thrifty Food PlanEquity & InclusionAdvances and Innovations in Forest Restorations to Combat Wildfire CrisisRural Mental Health AdjournFriday, February 25 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ Click to receive WASDE -related notifications by email Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at [email protected] World Agricultural Supply and Demand Estimates WASDE -620 – January 12, 2022 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 630 Approved by the World Agricultural Outlook Board November 9, 2022 WHEAT: The outlook for 2022/23 U.S. wheat this month is for stable supplies, increased domestic use, unchanged exports, and slightly lower ending stocks. Total domestic use is projected 5 million bushels higher at 1,093 million as an increase in food use more than offsets a decrease in seed use. Food use is raised 7 million bushels to a record 977 million on strong calendar year third quarter wheat ground for flour reported in the latest NASS Flour Milling Products . All wheat exports are unchanged at 775 million bushels, with offsetting changes for White wheat and Durum. Projected 2022/23 ending stocks are lowered 5 million bushels to 571 million, the lowest level since 2007/08. The projected 2022/23 season-average farm price is unchanged at $9.20 per bushel. The global wheat outlook for 2022/23 is for increased supplies, consumption, trade, and ending stocks. Supplies are projected up 1.3 million tons to 1,059.0 million based on increases in beginning stocks and production. World production is raised 1.0 mi llion tons to 782.7 million as larger production in Australia, Kazakhstan, and the UK more than offsets declines in Argentina and the EU. Production in Australia is raised 1.5 million tons to 34.5 million as above average rain over the past month supporte d crop development and boosted yields, following widespread favorable conditions earlier in the growing season. Argentina production is lowered as continued widespread dry conditions through most of October further eroded yield potential, especially in northern areas. Feed and residual use is raised 0.9 million tons as increases in the EU, South Korea, the Philippines, and Vietnam more than offset a decline in India. However, FSI consumption is lowered 1.5 million tons primarily on decreases for Bangladesh and Indonesia. The global forecast for trade is increased 0.3 million tons to a record 208.7 million, primarily on higher exports from Australia, Kazakhstan, and the UK that more than offset a reduction in exports by Argentina. Projected global ending stocks are increased 0.3 million tons to 267.8 million, with increases for Australia and India and a decrease for the EU accounting for most of the change. COARSE GRAINS: This month’s 2022/23 U.S. corn outlook is for higher production, larger feed and r esidual use, and greater ending stocks. Corn production is forecast at 13.930 billion bushels, up 35 million from last month on a 0.4- bushel increase in yield to 172.3 bushels per acre. Feed and residual use is higher based on a larger crop. With supply rising more than use, corn ending stocks are raised 10 million bushels. The season- average corn price received by producers is unchanged at $6.80 per bushel. Global coarse grain production for 2022/23 is forecast fractionally lower at 1,459.5 million tons. This month’s 2022/23 foreign coarse grain outlook is for reduced production, lower trade, and smaller stocks relative to last month. Foreign corn production is forecast lower as declines for the EU, South Africa, Philippines, and Nigeria are partly offset by increases for Angola, Mali, Pakistan, Turkey, and Senegal. Corn production in the EU is down based on a WASDE- 630-2 decline for Hungary. South Africa is reduced based on lower expected area. Barley production is lowered for Argentina but raised for Australia and the EU. Major global trade changes include lower corn exports for South Africa. Corn imports are reduced for Vietnam, Algeria, and Turkey. For 2021/22, corn exports for Argentina are cut for the local marketing year beginning March 2022, based on shipments observed through October. For 2022/23, barley exports are raised for Australia but lowered for Argentina and Russia. Barley imports are reduced for China. Foreign corn ending stocks are down, mostly reflecting declines for Nigeria and South Africa that are partly offset by an increase for Vietnam. Global corn ending stocks, at 300.8 million tons, are down 0.4 million. RICE : The outlook for 2022/23 U.S. rice this month is for nearly unchanged supplies, higher domestic use, reduced exports, and larger ending stocks. Supplies are fractionally lower as reduced production is not completely offset by higher imports. The NASS November Crop Production report reduced 2022/23 all rice production 1.1 million cwt to 164.3 million, all on lower yields. The average all rice yield is down 50 pounds per acre to 7,549 pounds. This is the lowest U.S. rice production since 1993/94. Imports are raised 1.0 milli on cwt (all long - grain) to a record 45.0 million with strong demand for Thai and Indian rice. Total domestic and residual use is also raised 1.0 million cwt (all long- grain) to 142.0 million on higher consumption of imported fragrant rice. All rice exports are lowered 4.0 million to 71.0 million cwt with 3.0 million of the reduction for long- grain on lagging shipments to the leading U.S. markets of Mexico and Haiti. All rice exports would be the lowest since 1991/92 as the United States continues to be uncompetitive in several key markets. All rice ending stocks are raised 2.9 million cwt to 36.1 million but are still down 9 percent from last year. The season- average farm price for all rice is raised $0.50 per cwt to a record $19.90, all on higher mediu m- and short -grain price forecasts, with the long- grain price unchanged. The 2022/23 global outlook is for lower supplies, consumption, trade, and ending stocks this month. Supplies are reduced 2.5 million tons to 686.8 million, on lower beginning stocks for India and smaller production for Pakistan, Nigeria, and Sri Lanka. India’s beginning stocks are reduced 1.0 million tons on higher exports and domestic consumption for 2021/22. Pakistan’s 2022/23 production is lowered 0.8 million tons to 6.6 million on heavy flooding in the Sindh region expected to reduce yields. This would be Pakistan’s lowest production since 2012/13. World 2022/23 consumption is lowered 0.3 million tons to 517.8 million on reductions for Pakistan and India. Global trade is reduced 0.4 million tons to 52.8 million as lower Pakistan exports are not completely offset by higher India exports. Projected world ending stocks are reduced 2.2 million tons to 169.0 million, primarily on reductions for India, Indonesia, Vietnam, and Sri Lanka. OILSEEDS : The U.S. soybean outlook for 2022/23 is for increased production, crush, and ending stocks. Soybean production is forecast at 4.35 billion bushels, up 33 million on higher yields. Higher yields in Iowa and Missouri account for most of the change in production. Soybean crush is raised 10 million bushels on an increased domestic soybean meal disappearance forecast. With exports unchanged, soybean ending stocks are raised 20 million bushels to 220 million. The U.S. season- average soybean price for 2022/23 is forecast at $14.00 per bushel, unchanged from last month. Soybean oil price is also unchanged at 69 cents per pound. The soybean meal price is forecast at $400.00 per short ton, up 10 dollars. WASDE- 630-3 Global oilseed production for 2022/23 is projected at 645.6 million tons, down 1.0 million from last month. Lower soybean, sunflowerseed, and cottonseed production is partly offset by higher rapeseed. Global soybean production is down 0.5 million tons to 390.5 million, mainly on lower production for Argentina. Area harvested for Argentina is reduced reflecting in-country estimates. Sunflowerseed production is reduced for Ukraine on lower reported yields. Global rapeseed production is raised 1.0 million tons to 84.8 million on higher yields for Australia and the EU. Global oilseed ending stocks are projected at 121.9 million tons, up 1.4 million. Soybean stocks account for most of the change with an increase to China’s stocks based on a revision to 2021/22 imports. Another notable oilseed change includes lower palm oil production for Malaysia, which is reduced 1.0 million tons to 18.8 million. With reduced Malaysian palm oil supply and no change in exports, ending stocks are lower. SUGAR: U.S. sugar supply and use for 2021/22 is revised to incorporate complete fiscal year estimates in USDA’s Sweetener Market Data (SMD). Beet sugar production is estimated at 5.155 million short tons, raw value (STRV), an increase over last month of 77,618 due to more production in September than expected last month. Louisiana cane sugar production is lowered by 58,824 STRV to 1.92 3 million on lower -than-expected production in September. Along with small changes in some other components, deliveries for human consumption are lowered by 81,845 STRV to 1 2.470 million. Most of this decrease is attributable to very low direct consumption imports in September. The final year estimate of ending stocks is 1.814 million STRV. This is 40,823 STRV more than last month and results in a stocks- to-use ratio of 14 .3 percent. U.S. sugar supply in 2022/23 is lowered 196,055 STRV from last month on lower total production and imports only mildly offset by higher beginning stocks. Beet sugar production is lowered 111,341 STRV to 4.994 million. Beet processors reduced their forecast of sugarbeets available for slicing due to higher expected beet pile shrink. An increase in cane sugar production partially offsets the beet sugar decline. Florida production is increased 20,923 STRV to 1.989 million based on a higher sugarcane yield forecast by both processors and NASS. Louisiana production is increased to 2.006 million STRV on increased area harvested and on adjustments made for September production. Imports are reduced by 168,986 STRV mainly on lower imports from Mexico based on lower exportable supply (see below) that offsets a 25,000 STRV increase in high- tier tariff imports from raw sugar imported by a refiner in early November. Deliveries for human consumption are reduced by 25,000 STRV in line with the 2021/22 reduction. Ending stocks are residually projected at 1.701 million STRV for ending stocks -to-use ratio of 13.5 percent. Mexico sugar production for 2022/23 is the same as last month at 5.900 million metric tons (MT). Area harvested is expected at about 800,000 hectares and yields are unchanged from last month. Although good rainfall amounts came in September, they should have arrived earlier in the growing season, or at least by August, to have had a significant effect on production. Total imports for combined use in consumption and IMMEX are lowered by 15,000 MT to more closely match imports recorded in 2021/22. Strong deliveries for consumption in September pushed the total for 2021/ 22 to 4.113 million MT, an increase of 63,100 MT relative to last month. Deliveries of high fructose corn syrup in 2021/22 amounted to 1.291 million MT, dry basis and this same amount is projected for 2022/23. Per capita sweetener consumption for 2021/22 at 41.09 kilograms is carried forward to 2022/23 WASDE- 630-4 and implies sugar deliveries for consumption at 4.168 million MT. This is a 117,598 MT increase over last month. Deliveries for IMMEX for 2022/23 at 533,000 MT closely match the recorded total for 2021/22. Ending stocks for 2022/23 at 979,291 MT provide enough sugar to meet use in 2023/24 before the start of the harvest campaign in November. Exports are residually projected at 1.219 million MT, a decrease of 183,616. Exports under license to the United States are reduced 166,020 MT and other exports are reduced 17,596 MT to zero. LIVESTOCK, POULTRY, AND DAIRY : The forecast for 2022 red meat and poultry production is raised from last month as higher beef and broiler forecasts for the fourth quarter are partly offset by lower pork and turkey forecasts. Beef production is raised with higher expected cattle slaughter as well as higher carcass weights. Pork production is lowered on a slower expected pace of slaughter. Broiler production is raised on current slaughter and hatchery data. Turkey production is lowered based on tighter bird supplies. Egg production is lowered from last month on recent hatchery data. For 2023, the beef forecast is lowered on tighter supplies of fed cattle and lower cow slaughter. Broiler production is raised on expected growth in broiler flock s. Turkey production is lowered slightly for the first two quarters. Egg production is reduced as s lower expected growth in production in late 2022 is carried into the first part of 2023. Beef imports for 2022 are lowered on recent data, higher expected U.S. cow slaughter , and weaker expected imports from Oceania in the fourth quarter. Exports are lowered on recent data and expected weaker exports to Asian markets. No changes are made to beef trade for 2023. Pork imports are lowered and exports are raised for 2022 on observed data. Weaker imports are carried through into 2023, but exports are unchanged. Broiler export forecasts for 2022 are raised on recent trade data while 2023 exports are unchanged. Turkey exports are raised for 2022 and 2023 on current trade data. Cattle price forecasts for 2022 and 2023 are raised on stronger expec ted demand. The 2022 hog price forecast is raised on prices to date; 2023 prices are unchanged. The broiler price forecast for 2022 is lowered on recent data, but 2023 forecasts are unchanged. Turkey price forecasts for both 2022 and 2023 are raised with lowered expecte d production. Egg price forecasts for 2022 and 2023 are raised on recent prices and expectations of continued firm demand. The milk production forecast for 2022 is raised from last month, while 2023 production is unchanged. The dairy cow inventory for both years is lowered on recent published data but output per cow is raised. Fat and skim -solids basis imports for 2022 are lowered, driven by recent trade data and lower expected imports of cheese and butterfat products. Forecasts for 2023 fat basis imports are lowered on weaker butterfat products , while skim -solids basis imports are raised on cheese. Exports on a fat basis for 2022 are lowered on weaker expected exports of cheese and butterfat products but raised for 2023. Exports on a skim -solids basis are rais ed in 2022 on higher expected exports of skim milk powders (SMP) and lactose and for 2023 on higher SMP and whey exports. For 2022, forecasts for butter, cheese, and nonfat dry milk (NDM) prices are lowered on current prices and larger milk supplies. Whey prices are unchanged. Both Class III and WASDE- 630-5 Class IV prices are lowered on weaker product prices. For 2023, the price forecast for butter is raised, but lowered for cheese and NDM. Whey prices are unchanged. With lower cheese and NDM prices, Class I II and Class IV price forecasts are lowered. The 2022 all milk price forecast is lowered to $25.50 per cwt and the 2023 all milk price is lowered to $22.60 per cwt. COTTON : The 2022/23 U.S. cotton balance sheet shows slightly higher production and higher ending stocks this month. Production is 1.5 percent higher, at 14.0 million bales, as a decrease in the Southwest is more than offset by increases elsewhere. Domestic mill use and exports are unchanged, and ending stocks are 200,000 bales higher at 3.0 million bales or 20 percent of use. The 2022/23 season average price for upland cotton is reduced 5 cents this month to 85 cents per pound. This month’s 2022/23 global cotton balance sheet includes lower production, consumption, trade and ending stocks. Production is down 1.6 million bales from last month, led by a 700,000- bale cut in Pakistan’s crop as gin arrivals there signal the extent of damage from earlier precipitation and flooding. Unusually high precipitation is also driving a 500,000- bale reduction in Australia’s 2022/23 crop, and in part accounts for a 630,000- bale decline in West Africa’s expected output. Global cotton consumption is projected 650,000 bales lower this month, with a 300,000- bale cut to mill use in both Pakistan and Bangladesh. World trade is 400,000 bales lower, with import reductions for Bangladesh and China only partly offset by Pakistan’s increase; West African exporters account for most of the decline in projected exports. At 87.3 million bales, world ending stocks in 2022/23 are projected 600,000 bales lower than in October, but 1.6 million higher than the year before. Approved by the Secretary of Agriculture and by the Chairman of the World Agricultural Outlook Board, Mark Jekanowski, (202) 720- 6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: SECRETARY OF AGRICULTURE DESIGNATE WASDE- 630-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone, ICEC Chair, WAOB, [email protected] Andrew Sowell, ERS; Rachel Trego, FAS; Bruce McWilliams, FPAC. Rice: Mark Simone, ICEC Chair, WAOB, mark.simone@ usda.gov Nathan Childs, ERS; Rachel Trego, FAS. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Todd Hubbs, ERS; Kevin Min, FAS; Jacob Vuillemin, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Maria Bukowski, ERS; Agata Kingsbury , FAS; Gustavo Ferreira, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; Graham Soley, FAS; Kent Lanclos, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Vida Ab adam, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; John Brower, FAS; Georgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Grace Grossen, ERS; Claire Mezoughem, FAS; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Angel Teran, ERS; Jeffery Dwyer, FAS; Georgi Gabrielyan, FPAC. In 2022 the WASDE report will be released on Dec 9. In 2023 the WASDE report will be released on Jan 12, Feb 8, Mar 8, Apr 11, May 12, Jun 9, Jul 12, Aug 11, Sep 12, Oct 12, Nov 9, and Dec 8. WASDE- 630-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Production .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 November 2022 WASDE - 630 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2020/21 2725.14 3542.78 487.76 2741.31 801.47 2021/22 (Est.) 2797.89 3599.36 508.55 2805.31 794.06 filler filler filler filler filler 2022/23 (Proj.) Oct 2746.53 3540.91 487.42 2775.16 765.75 2022/23 (Proj.) Nov 2745.90 3539.96 486.60 2776.69 763.27 filler filler filler filler filler Wheat 2020/21 774.53 1072.74 203.33 782.08 290.65 2021/22 (Est.) 779.44 1070.10 202.84 793.78 276.31 filler filler filler filler filler 2022/23 (Proj.) Oct 781.70 1057.71 208.33 790.17 267.54 2022/23 (Proj.) Nov 782.68 1058.99 208.65 791.17 267.82 filler filler filler filler filler Coarse Grains 5/ 2020/21 1441.28 1778.64 233.50 1455.74 322.90 2021/22 (Est.) 1503.36 1826.26 249.74 1491.61 334.64 filler filler filler filler filler 2022/23 (Proj.) Oct 1459.80 1793.92 225.86 1466.91 327.01 2022/23 (Proj.) Nov 1459.54 1794.18 225.12 1467.75 326.43 filler filler filler filler filler Rice, milled 2020/21 509.32 691.41 50.93 503.49 187.92 2021/22 (Est.) 515.09 703.01 55.98 519.91 183.10 filler filler filler filler filler 2022/23 (Proj.) Oct 505.04 689.29 53.22 518.09 171.20 2022/23 (Proj.) Nov 503.69 686.79 52.83 517.77 169.02 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2020/21 429.86 516.87 107.23 351.24 58.40 2021/22 (Est.) 448.60 513.39 94.85 361.36 57.18 filler filler filler filler filler 2022/23 (Proj.) Oct 414.27 479.41 82.97 347.51 48.93 2022/23 (Proj.) Nov 414.89 480.14 82.57 348.36 49.21 filler filler filler filler filler Wheat 2020/21 49.75 80.46 27.05 30.41 23.00 2021/22 (Est.) 44.80 70.40 21.78 30.40 18.21 filler filler filler filler filler 2022/23 (Proj.) Oct 44.90 66.38 21.09 29.61 15.68 2022/23 (Proj.) Nov 44.90 66.38 21.09 29.75 15.54 filler filler filler filler filler Coarse Grains 5/ 2020/21 372.89 427.19 77.21 315.97 34.01 2021/22 (Est.) 397.71 434.32 70.46 326.15 37.71 filler filler filler filler filler 2022/23 (Proj.) Oct 364.11 405.12 59.50 313.42 32.20 2022/23 (Proj.) Nov 364.77 405.85 59.22 314.11 32.52 filler filler filler filler filler Rice, milled 2020/21 7.22 9.22 2.97 4.86 1.39 2021/22 (Est.) 6.09 8.68 2.61 4.81 1.26 filler filler filler filler filler 2022/23 (Proj.) Oct 5.25 7.91 2.38 4.48 1.05 2022/23 (Proj.) Nov 5.22 7.91 2.25 4.51 1.15 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). November 2022 WASDE - 630 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2020/21 2,295.27 3,025.92 380.54 2,390.07 743.07 2021/22 (Est.) 2,349.29 3,085.98 413.70 2,443.95 736.88 filler filler filler filler filler 2022/23 (Proj.) Oct 2,332.27 3,061.50 404.44 2,427.65 716.82 2022/23 (Proj.) Nov 2,331.01 3,059.82 404.03 2,428.32 714.07 filler filler filler filler filler Wheat 2020/21 724.78 992.28 176.28 751.67 267.65 2021/22 (Est.) 734.64 999.70 181.06 763.38 258.10 filler filler filler filler filler 2022/23 (Proj.) Oct 736.80 991.33 187.24 760.56 251.86 2022/23 (Proj.) Nov 737.77 992.61 187.56 761.42 252.28 filler filler filler filler filler Coarse Grains 5/ 2020/21 1,068.39 1,351.45 156.29 1,139.78 288.88 2021/22 (Est.) 1,105.65 1,391.94 179.28 1,165.46 296.93 filler filler filler filler filler 2022/23 (Proj.) Oct 1,095.68 1,388.80 166.36 1,153.48 294.82 2022/23 (Proj.) Nov 1,094.77 1,388.33 165.89 1,153.64 293.91 filler filler filler filler filler Rice, milled 2020/21 502.10 682.19 47.96 498.63 186.53 2021/22 (Est.) 509.00 694.33 53.37 515.10 181.84 filler filler filler filler filler 2022/23 (Proj.) Oct 499.79 681.38 50.84 513.61 170.15 2022/23 (Proj.) Nov 498.47 678.89 50.58 513.26 167.88 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2020/21 111.47 209.86 48.73 123.13 86.75 2021/22 (Est.) 115.76 202.51 42.76 117.37 85.64 filler filler filler filler filler 2022/23 (Proj.) Oct 118.05 203.31 43.61 115.60 87.87 2022/23 (Proj.) Nov 116.43 202.07 43.20 114.95 87.27 filler filler filler filler filler United States 2020/21 14.61 21.86 16.35 2.40 3.15 2021/22 (Est.) 17.52 20.68 14.62 2.55 3.75 filler filler filler filler filler 2022/23 (Proj.) Oct 13.81 17.57 12.50 2.30 2.80 2022/23 (Proj.) Nov 14.03 17.79 12.50 2.30 3.00 filler filler filler filler filler Foreign 4/ 2020/21 96.86 188.00 32.38 120.73 83.60 2021/22 (Est.) 98.24 181.84 28.14 114.82 81.89 filler filler filler filler filler 2022/23 (Proj.) Oct 104.24 185.74 31.11 113.30 85.07 2022/23 (Proj.) Nov 102.40 184.28 30.70 112.65 84.27 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal t o world minus United States. See global cotton tables for treatment of export/import imbalances. November 2022 WASDE - 630 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2020/21 607.47 719.41 192.04 508.17 115.54 2021/22 (Est.) 604.61 720.15 178.31 511.85 113.55 filler filler filler filler filler 2022/23 (Proj.) Oct 646.59 757.74 197.15 534.66 120.56 2022/23 (Proj.) Nov 645.60 759.15 197.57 534.36 121.94 filler filler filler filler filler Oilmeals 2020/21 348.42 368.62 97.00 344.62 17.94 2021/22 (Est.) 350.22 368.16 95.47 345.95 17.43 filler filler filler filler filler 2022/23 (Proj.) Oct 365.95 384.12 97.71 357.71 20.08 2022/23 (Proj.) Nov 365.81 383.25 97.71 358.02 18.88 filler filler filler filler filler Vegetable Oils 2020/21 206.47 236.09 85.40 204.58 27.93 2021/22 (Est.) 211.24 239.17 78.70 206.35 29.52 filler filler filler filler filler 2022/23 (Proj.) Oct 219.82 248.82 87.89 213.61 30.70 2022/23 (Proj.) Nov 218.91 248.43 87.91 213.80 30.30 filler filler filler filler filler United States Output Total Supply Trade Total Use 2 / Ending Stocks Oilseeds 2020/21 124.52 141.69 62.78 62.66 8.64 2021/22 (Est.) 131.35 141.16 59.71 63.88 9.12 filler filler filler filler filler 2022/23 (Proj.) Oct 126.92 137.37 56.64 65.30 7.15 2022/23 (Proj.) Nov 127.87 138.34 56.64 65.57 7.70 filler filler filler filler filler Oilmeals 2020/21 48.25 53.02 12.62 40.00 0.39 2021/22 (Est.) 49.27 53.21 12.47 40.39 0.35 filler filler filler filler filler 2022/23 (Proj.) Oct 50.27 54.68 12.66 41.52 0.50 2022/23 (Proj.) Nov 50.49 54.81 12.66 41.75 0.40 filler filler filler filler filler Vegetable Oils 2020/21 12.70 18.86 1.04 16.52 1.30 2021/22 (Est.) 13.06 19.61 1.05 17.29 1.27 filler filler filler filler filler 2022/23 (Proj.) Oct 13.37 20.13 0.87 18.05 1.21 2022/23 (Proj.) Nov 13.42 20.16 0.83 18.11 1.22 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2020/21 482.95 577.72 129.26 445.51 106.90 2021/22 (Est.) 473.26 578.99 118.61 447.97 104.43 filler filler filler filler filler 2022/23 (Proj.) Oct 519.67 620.37 140.51 469.36 113.41 2022/23 (Proj.) Nov 517.74 620.81 140.93 468.79 114.24 filler filler filler filler filler Oilmeals 2020/21 300.17 315.60 84.37 304.62 17.55 2021/22 (Est.) 300.95 314.95 83.01 305.56 17.08 filler filler filler filler filler 2022/23 (Proj.) Oct 315.68 329.45 85.05 316.19 19.59 2022/23 (Proj.) Nov 315.33 328.43 85.05 316.28 18.48 filler filler filler filler filler Vegetable Oils 2020/21 193.77 217.23 84.36 188.06 26.63 2021/22 (Est.) 198.17 219.56 77.66 189.06 28.25 filler filler filler filler filler 2022/23 (Proj.) Oct 206.46 228.69 87.02 195.56 29.49 2022/23 (Proj.) Nov 205.49 228.27 87.08 195.68 29.08 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. November 2022 WASDE - 630 - 11 U.S. Wheat Supply and Use 1/ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Oct Nov Million Acres Area Planted 44.5 46.7 45.7 45.7 Area Harvested 36.8 37.1 35.5 35.5 Bushels Yield per Harvested Acre 49.7 44.3 46.5 46.5 Million Bushels Beginning Stocks 1,028 845 669 669 Production 1,828 1,646 1,650 1,650 Imports 100 95 120 120 Supply, Total 2,956 2,587 2,439 2,439 Food 961 972 970 977 Seed 64 58 68 66 Feed and Residual 93 88 50 50 Domestic, Total 1,117 1,117 1,088 1,093 Exports 994 800 775 775 Use, Total 2,111 1,917 1,863 1,868 Ending Stocks 845 669 576 571 Avg. Farm Price ($/bu) 2/ 5.05 7.63 9.20 9.20 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2021/22 (Est.) Beginning Stocks 428 235 85 70 27 845 Production 750 297 361 201 38 1,646 Supply, Total 3/ 1,182 575 449 276 105 2,587 Domestic Use 505 226 243 77 67 1,117 Exports 317 209 112 148 14 800 Use, Total 822 435 355 224 81 1,917 Ending Stocks, Total 360 140 94 52 23 669 2022/23 (Proj.) Beginning Stocks 360 140 94 52 23 669 Production 531 446 337 272 64 1,650 Supply, Total 3/ 896 646 436 329 132 2,439 Domestic Use 417 297 214 86 80 1,093 Exports 220 225 135 175 20 775 Use, Total 637 522 349 261 100 1,868 Ending Stocks, Total Nov 259 124 87 69 33 571 Ending Stocks, Total Oct 253 130 91 73 29 576 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. November 2022 WASDE - 630 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Oct Nov Million Acres Area Planted 102.3 105.8 100.5 100.5 Area Harvested 90.6 94.4 89.6 89.6 Metric Tons Yield per Harvested Acre 4.11 4.21 4.06 4.07 Million Metric Tons Beginning Stocks 51.8 34.0 37.7 37.7 Production 372.6 397.5 363.8 364.5 Imports 2.2 2.3 3.0 3.1 Supply, Total 426.6 433.8 404.5 405.2 Feed and Residual 146.7 148.4 137.4 138.0 Food, Seed & Industrial 168.8 177.2 175.5 175.5 Domestic, Total 315.4 325.6 312.9 313.5 Exports 77.2 70.5 59.5 59.2 Use, Total 392.6 396.1 372.4 372.7 Ending Stocks 34.0 37.7 32.2 32.5 CORN 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. October November Million Acres Area Planted 90.7 93.3 88.6 88.6 Area Harvested 82.3 85.3 80.8 80.8 Bushels Yield per Harvested Acre 171.4 176.7 171.9 172.3 Million Bushels Beginning Stocks 1,919 1,235 1,377 1,377 Production 14,111 15,074 13,895 13,930 Imports 24 24 50 50 Supply, Total 16,055 16,333 15,322 15,357 Feed and Residual 5,607 5,717 5,275 5,300 Food, Seed & Industrial 2/ 6,467 6,767 6,725 6,725 Ethanol & by -products 3/ 5,028 5,326 5,275 5,275 Domestic, Total 12,074 12,484 12,000 12,025 Exports 2,747 2,471 2,150 2,150 Use, Total 14,821 14,956 14,150 14,175 Ending Stocks 1,235 1,377 1,172 1,182 Avg. Farm Price ($/bu) 4/ 4.53 6.00 6.80 6.80 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by- products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average pric e received by farmers. November 2022 WASDE - 630 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Oct Nov Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 5.9 7.3 6.4 6.4 Area Harvested (mil. acres) 5.1 6.5 5.5 5.5 Yield (bushels/acre) 73.2 69.0 44.6 43.0 Beginning Stocks 30 20 53 53 Production 373 448 245 236 Imports 0 0 0 0 Supply, Total 403 468 298 289 Feed and Residual 97 75 65 65 Food, Seed & Industrial 7 45 25 25 Total Domestic 104 121 90 90 Exports 279 294 185 175 Use, Total 383 415 275 265 Ending Stocks 20 53 23 24 Avg. Farm Price ($/bu) 2/ 5.04 5.94 6.65 6.65 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. October November Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.7 2.7 2.9 2.9 Area Harvested (mil. acres) 2.2 2.0 2.4 2.4 Yield (bushels/acre) 77.2 60.3 71.7 71.7 Beginning Stocks 80 71 42 42 Production 171 120 174 174 Imports 7 15 14 15 Supply, Total 258 206 230 231 Feed and Residual 26 20 30 30 Food, Seed & Industrial 147 137 130 130 Total Domestic 172 157 160 160 Exports 14 7 7 6 Use, Total 186 164 167 166 Ending Stocks 71 42 63 65 Avg. Farm Price ($/bu) 2/ 4.75 5.31 7.25 7.30 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. October November Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.0 2.6 2.6 2.6 Area Harvested (mil. acres) 1.0 0.7 0.9 0.9 Yield (bushels/acre) 65.1 61.3 64.8 64.8 Beginning Stocks 37 38 31 31 Production 66 40 58 58 Imports 85 81 85 85 Supply, Total 188 159 173 173 Feed and Residual 68 46 60 60 Food, Seed & Industrial 78 79 81 81 Total Domestic 147 125 141 141 Exports 3 3 2 2 Use, Total 150 128 143 143 Ending Stocks 38 31 30 30 Avg. Farm Price ($/bu) 2/ 2.77 4.55 5.70 5.50 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. November 2022 WASDE - 630 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Oct Nov Million Acres Area Planted 3.04 2.53 2.22 2.22 Area Harvested 2.99 2.49 2.18 2.18 Fil ler Pounds Yield per Harvested Acre 7,619 7,709 7,599 7,549 Million Hundredweight Beginning Stocks 2/ 28.7 43.7 39.7 39.7 Production 227.5 191.8 165.4 164.3 Imports 34.1 37.8 44.0 45.0 Supply, Total 290.2 273.2 249.2 249.1 Domestic & Residual 3/ 153.1 151.4 141.0 142.0 Exports, Total 4/ 93.5 82.2 75.0 71.0 Rough 34.6 28.3 27.0 25.0 Milled (rough equiv.) 58.9 53.9 48.0 46.0 Use, Total 246.6 233.5 216.0 213.0 Ending Stocks 43.7 39.7 33.2 36.1 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 14.40 16.10 19.40 19.90 Total LONG -GRAIN RICE 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. October November Harvested Acres (mil.) 2.30 1.94 Yield (pounds/acre) 7,422 7,471 Beginning Stocks 16.9 29.7 24.6 24.6 Imports 27.4 30.7 34.0 35.0 Production 170.8 144.6 132.5 131.7 Supply, Total 7/ 215.1 205.1 191.2 191.3 Domestic & Residual 3/ 120.3 119.8 112.0 113.0 Exports 8/ 65.0 60.6 56.0 53.0 Use, Total 185.3 180.4 168.0 166.0 Ending Stocks 29.7 24.6 23.2 25.3 Avg. Farm Price ($/cwt) 6/ 12.60 13.60 16.50 16.50 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. October November Harvested Acres (mil.) 0.69 0.55 Yield (pounds/acre) 8,282 8,543 Beginning Stocks 10.7 11.5 13.0 13.0 Imports 6.7 7.1 10.0 10.0 Production 56.7 47.2 32.9 32.7 Supply, Total 7/ 72.7 66.2 55.9 55.7 Domestic & Residual 3/ 32.8 31.6 29.0 29.0 Exports 8/ 28.5 21.5 19.0 18.0 Use, Total 61.2 53.1 48.0 47.0 Ending Stocks 11.5 13.0 7.9 8.7 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 20.10 24.80 27.90 30.00 California 10/ 22.60 28.50 33.00 36.00 Other States 1/ 13.00 13.90 17.00 17.40 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2017/18 -1.4; 2018/19-2.1; 2019/20 -1.0. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing -year weighted average price received by farme rs. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The California medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the f inal price may differ. 10/ Marketing year beginning October 1. November 2022 WASDE - 630 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Oct Nov Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 83.4 87.2 87.5 87.5 Area Harvested 82.6 86.3 86.6 86.6 Fil ler Bushels Yield per Harvested Acre 51.0 51.7 49.8 50.2 Million Bushels Beginning Stocks 525 257 274 274 Production 4,216 4,465 4,313 4,346 Imports 20 16 15 15 Supply, Total 4,761 4,738 4,602 4,634 Crushings 2,141 2,204 2,235 2,245 Exports 2,266 2,158 2,045 2,045 Seed 101 102 102 102 Residual -4 2 20 22 Use, Total 4,504 4,465 4,402 4,414 Ending Stocks 257 274 200 220 Avg. Farm Price ($/bu) 2/ 10.80 13.30 14.00 14.00 Total SOYBEAN OIL 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. October November Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,853 2,131 2,051 1,999 Production 4/ 25,023 26,143 26,195 26,310 Imports 302 303 500 500 Supply, Total 27,177 28,578 28,746 28,809 Domestic Disappearance 23,314 24,805 25,500 25,650 Biofuel 3/ 8,920 10,350 11,800 11,800 Food, Feed & other Industrial 14,394 14,455 13,700 13,850 Exports 1,731 1,773 1,400 1,300 Use, Total 25,046 26,578 26,900 26,950 Ending stocks 2,131 1,999 1,846 1,859 Avg. Price (c/lb) 2/ 56.87 72.98 69.00 69.00 Total SOYBEAN MEAL 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. October November Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 341 341 400 311 Production 4/ 50,565 51,811 52,600 52,839 Imports 784 649 600 600 Supply, Total 51,691 52,800 53,600 53,750 Domestic Disappearance 37,674 38,966 39,450 39,700 Exports 13,675 13,524 13,700 13,700 Use, Total 51,350 52,490 53,150 53,400 Ending Stocks 341 311 450 350 Avg. Price ($/s.t.) 2/ 392.31 439.81 390.00 400.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects soybean oil used for biofuels as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,207 million bushels for 2021/22 and 2,245 million bushels for 2022/23. November 2022 WASDE - 630 - 16 U.S. Sugar Supply and Use 1/ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Oct Nov Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,618 1,705 1,773 1,814 Production 2/ 9,233 9,135 9,154 9,086 Beet Sugar 5,092 5,155 5,106 4,994 Cane Sugar 4,141 3,979 4,048 4,091 Florida 2,090 1,933 1,968 1,989 Louisiana 1,918 1,923 1,984 2,006 Texas 134 124 96 96 Imports 3,221 3,646 3,610 3,441 TRQ 3/ 1,749 1,579 1,691 1,691 Other Program 4/ 292 298 250 250 Non-program 1,180 1,769 1,669 1,500 Mexico 968 1,379 1,619 1,425 High -tier tariff/other 212 390 50 75 Total Supply 14,072 14,485 14,537 14,341 Exports 49 29 35 35 Deliveries 12,277 12,578 12,630 12,605 Food 12,161 12,470 12,525 12,500 Other 5/ 116 107 105 105 Miscellaneous 40 65 0 0 Total Use 12,367 12,671 12,665 12,640 Ending Stocks 1,705 1,814 1,872 1,701 Stocks to Use Ratio 13.8 14.3 14.8 13.5 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2021/22 and 2022/23 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2021/22, WTO raw sugar TRQ shortfall (77) and for 2022/23 (255). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE - reported deliveries: 2020/21 -- 298; estimated 2021/22 -- 314; projected 2022/23 -- 315 Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2021/22 Est. Oct 1,053 6,185 50 4,547 1,794 947 2021/22 Est. Nov 1,053 6,185 31 4,629 1,676 964 2022/23 Proj. Oct 947 5,900 50 4,547 1,403 947 2022/23 Proj. Nov 964 5,900 35 4,701 1,219 979 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2020/21 = 1,320; Estimated 2020/21 = 1,291; Projected 2022/23 = 1,291; Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2021/22 (532 est =508 dom.+24 import); 2022/23 ( 533 proj = 508 dom.+25 import). Statistical Adjustments: 2021/22 ( -16), 2022/23 (0 ). November 2022 WASDE - 630 - 17 U.S. Cotton Supply and Use 1/ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Oct Nov Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 12.09 11.22 13.79 13.79 Harvested 8.22 10.27 7.88 7.88 Fil ler Pounds Yield per Harvested Acre 853 819 842 855 Million 480 Pound Bales Beginning Stocks 7.25 3.15 3.75 3.75 Production 14.61 17.52 13.81 14.03 Imports 0.00 0.01 0.01 0.01 Supply, Total 21.86 20.68 17.57 17.79 Domestic Use 2.40 2.55 2.30 2.30 Exports, Total 16.35 14.62 12.50 12.50 Use, Total 18.75 17.17 14.80 14.80 Unaccounted 2/ -0.04 -0.24 -0.03 -0.01 Ending Stocks 3.15 3.75 2.80 3.00 Avg. Farm Price 3/ 66.3 91.4 90.0 85.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. November 2022 WASDE - 630 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 298.21 774.53 195.37 158.09 782.08 203.33 290.65 World Less China 148.19 640.28 184.75 118.09 632.08 202.57 146.53 United States 27.99 49.75 2.73 2.54 30.41 27.05 23.00 Total Foreign 270.22 724.78 192.64 155.56 751.67 176.28 267.65 Major Exporters 4/ 32.48 322.46 6.66 72.80 179.33 147.42 34.85 Argentina 2.46 17.64 0.01 0.05 6.25 11.53 2.32 Australia 2.68 31.92 0.20 4.50 8.03 23.77 3.00 Canada 5.50 35.44 0.55 4.15 9.10 26.43 5.95 European Union 5/ 13.11 126.69 5.38 42.50 104.75 29.74 10.69 Russia 7.23 85.35 0.40 19.00 42.50 39.10 11.38 Ukraine 1.50 25.42 0.13 2.60 8.70 16.85 1.51 Major Importers 6/ 193.65 200.40 125.06 57.78 323.70 12.62 182.78 Bangladesh 1.76 1.18 7.20 0.50 8.00 0.00 2.14 Brazil 1.99 6.25 6.40 0.40 11.80 0.93 1.91 China 150.02 134.25 10.62 40.00 150.00 0.76 144.12 Japan 1.10 1.00 5.49 0.65 6.25 0.30 1.04 N. Africa 7/ 14.36 15.81 28.50 1.75 46.72 0.80 11.14 Nigeria 0.30 0.06 6.59 0.05 5.55 0.60 0.79 Sel. Mideast 8/ 11.79 20.62 17.74 3.54 38.83 0.62 10.70 Southeast Asia 9/ 5.91 0.00 25.84 7.49 25.20 1.14 5.41 Selected Other India 24.70 107.86 0.02 6.50 102.22 2.56 27.80 Kazakhstan 0.66 14.26 1.00 1.45 6.25 8.19 1.48 United Kingdom 2.44 9.66 3.22 5.96 13.46 0.45 1.42 2021/22 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 290.65 779.44 198.00 160.91 793.78 202.84 276.31 World Less China 146.53 642.50 188.43 125.91 645.78 201.96 134.55 United States 23.00 44.80 2.59 2.39 30.40 21.78 18.21 Total Foreign 267.65 734.64 195.41 158.52 763.38 181.06 258.10 Major Exporters 4/ 34.85 327.25 5.82 78.55 185.67 142.66 39.58 Argentina 2.32 22.15 0.00 0.05 6.15 16.25 2.08 Australia 3.00 36.35 0.21 5.00 8.53 27.53 3.50 Canada 5.95 22.30 0.55 5.00 10.00 15.13 3.67 European Union 5/ 10.69 138.29 4.61 45.00 108.25 31.90 13.43 Russia 11.38 75.16 0.30 19.50 42.75 33.00 11.09 Ukraine 1.51 33.01 0.14 4.00 10.00 18.84 5.81 Major Importers 6/ 182.78 203.23 130.18 53.73 323.30 15.36 177.53 Bangladesh 2.14 1.13 6.34 0.60 8.30 0.00 1.31 Brazil 1.91 7.70 6.39 0.45 11.75 3.07 1.18 China 144.12 136.95 9.57 35.00 148.00 0.88 141.76 Japan 1.04 1.13 5.61 0.75 6.30 0.30 1.18 N. Africa 7/ 11.14 20.43 26.85 1.87 47.02 0.41 11.00 Nigeria 0.79 0.09 6.19 0.05 5.85 0.60 0.62 Sel. Mideast 8/ 10.70 16.50 22.90 3.88 38.78 0.75 10.57 Southeast Asia 9/ 5.41 0.00 26.49 7.50 25.30 1.28 5.32 Selected Other India 27.80 109.59 0.03 7.00 109.88 8.03 19.50 Kazakhstan 1.48 11.81 2.50 1.35 6.20 8.10 1.49 United Kingdom 1.42 13.99 2.63 7.40 15.40 0.83 1.81 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesi a, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yem en, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2022 WASDE - 630 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Oct 276.01 781.70 203.86 155.50 790.17 208.33 267.54 Nov 276.31 782.68 202.59 156.39 791.17 208.65 267.82 World Less China Oct 134.25 643.70 194.36 125.50 646.17 207.43 123.18 Nov 134.55 644.68 193.09 126.39 647.17 207.75 123.46 United States Oct 18.21 44.90 3.27 1.36 29.61 21.09 15.68 Nov 18.21 44.90 3.27 1.36 29.75 21.09 15.54 Total Foreign Oct 257.80 736.80 200.60 154.14 760.56 187.24 251.86 Nov 258.10 737.77 199.32 155.03 761.42 187.56 252.28 Major Exporters 4/ Oct 39.53 331.75 6.71 80.55 188.35 151.00 38.63 Nov 39.58 330.80 7.21 81.05 188.75 150.00 38.83 Argentina Oct 2.03 17.50 0.01 0.05 6.25 12.00 1.28 Nov 2.08 15.50 0.01 0.05 6.15 10.00 1.43 Australia Oct 3.50 33.00 0.20 5.00 8.55 25.00 3.15 Nov 3.50 34.50 0.20 5.00 8.55 26.00 3.65 Canada Oct 3.67 35.00 0.60 4.00 9.10 26.00 4.17 Nov 3.67 35.00 0.60 4.00 9.10 26.00 4.17 European Union 5/ Oct 13.43 134.75 5.50 45.00 108.75 35.00 9.93 Nov 13.43 134.30 6.00 45.50 109.25 35.00 9.48 Russia Oct 11.09 91.00 0.30 21.00 45.00 42.00 15.39 Nov 11.09 91.00 0.30 21.00 45.00 42.00 15.39 Ukraine Oct 5.81 20.50 0.10 5.50 10.70 11.00 4.71 Nov 5.81 20.50 0.10 5.50 10.70 11.00 4.71 Major Importers 6/ Oct 177.53 205.50 134.00 47.35 320.87 15.77 180.39 Nov 177.53 205.70 132.55 47.90 319.82 15.77 180.19 Bangladesh Oct 1.31 1.10 7.00 0.60 8.50 0.00 0.91 Nov 1.31 1.10 6.00 0.20 7.40 0.00 1.01 Brazil Oct 1.18 9.20 6.20 0.50 11.90 3.50 1.18 Nov 1.18 9.40 5.90 0.50 11.80 3.50 1.18 China Oct 141.76 138.00 9.50 30.00 144.00 0.90 144.36 Nov 141.76 138.00 9.50 30.00 144.00 0.90 144.36 Japan Oct 1.18 1.05 5.70 0.65 6.20 0.30 1.43 Nov 1.18 1.05 5.70 0.65 6.20 0.30 1.43 N. Africa 7/ Oct 11.00 17.60 30.20 1.77 47.52 0.50 10.78 Nov 11.00 17.60 30.20 1.77 47.52 0.50 10.78 Nigeria Oct 0.62 0.11 6.50 0.00 6.00 0.60 0.63 Nov 0.62 0.11 6.30 0.00 5.90 0.60 0.53 Sel. Mideast 8/ Oct 10.57 17.59 23.32 3.88 39.58 0.77 11.13 Nov 10.57 17.59 23.22 3.88 39.48 0.77 11.13 Southeast Asia 9/ Oct 5.32 0.00 26.13 6.80 25.10 1.15 5.20 Nov 5.32 0.00 26.23 7.40 25.30 1.15 5.10 Selected Other India Oct 19.50 103.00 0.03 6.50 104.50 6.50 11.53 Nov 19.50 103.00 0.03 6.00 104.00 6.50 12.03 Kazakhstan Oct 1.49 13.00 1.00 1.30 6.10 8.00 1.39 Nov 1.49 14.00 1.00 1.40 6.25 9.00 1.24 United Kingdom Oct 1.81 14.60 2.00 7.60 15.60 1.00 1.81 Nov 1.81 15.40 1.80 7.80 15.80 1.30 1.91 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesi a, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yem en, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2022 WASDE - 630 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 337.36 1,441.28 233.87 903.99 1,455.74 233.50 322.90 World Less China 136.40 1,172.20 183.34 683.04 1,142.63 233.49 115.44 United States 51.83 372.89 2.47 146.84 315.97 77.21 34.01 Total Foreign 285.53 1,068.39 231.39 757.16 1,139.78 156.29 288.88 Major Exporters 4/ 24.24 297.33 5.46 134.75 181.01 126.63 19.39 Argentina 4.57 60.01 0.02 11.29 17.02 45.52 2.06 Australia 3.01 18.56 0.00 6.21 8.08 10.50 2.98 Brazil 5.82 90.32 3.35 62.42 73.86 21.04 4.60 Canada 3.98 29.64 1.89 16.69 24.65 7.26 3.61 Russia 1.87 41.40 0.09 21.47 31.04 10.42 1.90 Ukraine 2.55 39.59 0.07 9.25 12.41 28.15 1.65 Major Importers 5/ 36.28 252.76 137.73 294.52 377.03 13.24 36.50 European Union 6/ 14.16 155.46 15.87 119.91 159.41 11.45 14.62 Japan 1.74 0.23 16.98 13.45 17.29 0.00 1.66 Mexico 4.14 32.66 17.15 30.34 49.84 0.51 3.60 N. Afr & Mideast 7/ 7.70 32.61 38.77 63.15 71.36 0.71 7.01 Saudi Arabia 1.72 0.19 10.03 10.25 10.61 0.00 1.33 Southeast Asia 8/ 3.82 31.30 22.65 43.43 51.72 0.57 5.49 South Korea 2.02 0.24 11.80 9.47 12.03 0.00 2.04 Selected Other China 200.96 269.08 50.53 220.95 313.11 0.01 207.46 2021/22 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 322.90 1,503.36 229.63 915.96 1,491.61 249.74 334.64 World Less China 115.44 1,222.51 188.13 688.13 1,171.59 249.73 124.87 United States 34.01 397.71 2.59 148.60 326.15 70.46 37.71 Total Foreign 288.88 1,105.65 227.04 767.36 1,165.46 179.28 296.93 Major Exporters 4/ 19.39 333.83 9.50 144.41 190.72 147.49 24.51 Argentina 2.06 61.16 0.01 12.92 18.54 42.40 2.28 Australia 2.98 18.76 0.00 5.39 7.26 11.21 3.26 Brazil 4.60 120.62 2.96 66.10 78.19 44.52 5.48 Canada 3.61 24.43 6.40 16.90 25.12 5.63 3.68 Russia 1.90 38.54 0.10 22.23 31.11 7.58 1.85 Ukraine 1.65 53.51 0.02 13.45 16.58 32.95 5.66 Major Importers 5/ 36.50 248.56 138.76 288.48 371.87 15.29 36.66 European Union 6/ 14.62 154.41 21.57 120.47 160.09 13.72 16.79 Japan 1.66 0.24 16.50 13.09 16.83 0.00 1.57 Mexico 3.60 32.79 18.56 31.05 50.77 0.25 3.93 N. Afr & Mideast 7/ 7.01 29.37 40.29 60.76 69.50 0.68 6.48 Saudi Arabia 1.33 0.20 8.21 7.95 8.31 0.00 1.43 Southeast Asia 8/ 5.49 31.25 17.34 41.41 49.77 0.64 3.67 South Korea 2.04 0.22 11.61 9.24 11.80 0.00 2.06 Selected Other China 207.46 280.85 41.50 227.83 320.03 0.01 209.77 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and ex ports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailan d, and Vietnam. November 2022 WASDE - 630 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Oct 334.12 1,459.80 220.33 904.20 1,466.91 225.86 327.01 Nov 334.64 1,459.54 218.67 904.79 1,467.75 225.12 326.43 World Less China Oct 124.26 1,177.50 184.68 674.35 1,145.86 225.81 120.30 Nov 124.87 1,177.24 183.52 675.44 1,147.20 225.07 119.80 United States Oct 37.71 364.11 3.30 137.59 313.42 59.50 32.20 Nov 37.71 364.77 3.37 138.28 314.11 59.22 32.52 Total Foreign Oct 296.41 1,095.68 217.04 766.61 1,153.48 166.36 294.82 Nov 296.93 1,094.77 215.30 766.51 1,153.65 165.89 293.91 Major Exporters 4/ Oct 24.05 340.46 3.50 146.29 193.14 141.74 33.13 Nov 24.51 340.04 3.50 147.39 194.12 141.24 32.69 Argentina Oct 2.28 64.71 0.01 11.96 17.77 47.00 2.23 Nov 2.28 64.11 0.01 11.96 17.67 46.50 2.23 Australia Oct 3.43 16.67 0.00 5.52 7.40 9.38 3.33 Nov 3.26 17.47 0.00 5.52 7.40 10.18 3.16 Brazil Oct 5.48 130.54 1.80 69.50 81.99 47.03 8.81 Nov 5.48 130.54 1.80 69.50 81.99 47.03 8.81 Canada Oct 3.05 29.72 1.54 16.81 24.40 6.55 3.36 Nov 3.68 29.72 1.54 17.41 25.00 6.55 3.39 Russia Oct 1.85 42.00 0.10 22.50 31.90 10.15 1.91 Nov 1.85 42.00 0.10 23.00 32.40 9.65 1.91 Ukraine Oct 5.66 38.96 0.00 12.62 15.75 17.93 10.94 Nov 5.66 38.96 0.00 12.62 15.75 17.93 10.94 Major Importers 5/ Oct 36.43 234.09 140.11 283.95 366.69 10.89 33.05 Nov 36.66 232.85 139.09 282.77 364.55 10.89 33.17 European Union 6/ Oct 16.78 137.81 21.32 113.69 152.77 9.27 13.86 Nov 16.79 136.67 21.40 113.62 151.73 9.27 13.85 Japan Oct 1.57 0.25 16.47 12.85 16.75 0.00 1.54 Nov 1.57 0.25 16.47 12.85 16.75 0.00 1.54 Mexico Oct 3.87 33.50 18.57 31.64 51.36 0.60 3.97 Nov 3.93 33.50 18.57 31.64 51.36 0.60 4.04 N. Afr & Mideast 7/ Oct 6.47 30.83 39.01 61.20 69.52 0.44 6.35 Nov 6.48 31.13 38.41 60.90 69.22 0.44 6.37 Saudi Arabia Oct 1.43 0.19 8.71 8.75 9.11 0.00 1.23 Nov 1.43 0.19 8.71 8.75 9.11 0.00 1.23 Southeast Asia 8/ Oct 3.53 31.21 19.86 42.05 50.60 0.58 3.40 Nov 3.67 30.81 19.36 41.25 49.80 0.58 3.45 South Korea Oct 2.06 0.22 11.60 9.24 11.80 0.00 2.09 Nov 2.06 0.22 11.60 9.24 11.80 0.00 2.09 Selected Other China Oct 209.86 282.30 35.65 229.85 321.05 0.05 206.71 Nov 209.77 282.30 35.15 229.35 320.55 0.05 206.62 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and ex ports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailan d, and Vietnam. November 2022 WASDE - 630 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 307.48 1,129.29 184.94 723.98 1,143.97 182.60 292.80 World Less China 106.95 868.62 155.42 520.98 858.97 182.60 87.10 United States 48.76 358.45 0.62 142.43 306.69 69.78 31.36 Total Foreign 258.72 770.84 184.32 581.56 837.28 112.83 261.45 Major Exporters 4/ 13.37 200.12 2.92 91.02 113.82 93.55 9.04 Argentina 3.62 52.00 0.01 9.50 13.50 40.94 1.18 Brazil 5.33 87.00 2.85 59.50 70.00 21.02 4.15 Russia 0.83 13.87 0.04 8.90 10.00 3.99 0.75 South Africa 2.12 16.95 0.01 7.22 13.22 3.73 2.12 Ukraine 1.48 30.30 0.02 5.90 7.10 23.86 0.83 Major Importers 5/ 20.81 132.60 92.89 164.27 219.53 4.79 21.98 Egypt 1.73 6.40 9.63 13.90 16.40 0.01 1.36 European Union 6/ 7.38 67.44 14.49 57.20 77.70 3.74 7.88 Japan 1.39 0.01 15.48 12.00 15.45 0.00 1.42 Mexico 3.52 27.35 16.50 25.60 43.80 0.48 3.08 Southeast Asia 7/ 3.81 31.25 20.69 41.65 49.70 0.57 5.48 South Korea 2.00 0.09 11.71 9.42 11.78 0.00 2.02 Selected Other Canada 2.56 13.56 1.58 8.59 13.98 1.56 2.17 China 200.53 260.67 29.51 203.00 285.00 0.00 205.70 2021/22 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2 / Exports Ending Stocks World 3/ 292.80 1,217.46 183.92 751.95 1,202.59 201.83 307.68 World Less China 87.10 944.91 162.04 542.95 911.59 201.83 98.54 United States 31.36 382.89 0.62 145.21 317.12 62.78 34.98 Total Foreign 261.45 834.57 183.31 606.73 885.47 139.06 272.70 Major Exporters 4/ 9.04 241.15 2.37 100.30 123.50 115.20 13.86 Argentina 1.18 51.50 0.01 10.80 14.70 36.50 1.49 Brazil 4.15 116.00 2.30 62.00 73.00 44.50 4.95 Russia 0.75 15.23 0.05 10.00 11.10 4.00 0.93 South Africa 2.12 16.30 0.00 7.30 13.30 3.20 1.92 Ukraine 0.83 42.13 0.02 10.20 11.40 27.00 4.57 Major Importers 5/ 21.98 136.55 94.43 168.20 223.55 6.88 22.53 Egypt 1.36 7.44 9.60 14.30 16.80 0.00 1.59 European Union 6/ 7.88 70.98 20.00 62.30 82.90 6.00 9.96 Japan 1.42 0.01 15.00 11.70 15.05 0.00 1.38 Mexico 3.08 26.76 17.57 25.80 44.00 0.25 3.16 Southeast Asia 7/ 5.48 31.20 16.16 40.40 48.55 0.63 3.66 South Korea 2.02 0.08 11.50 9.20 11.55 0.00 2.05 Selected Other Canada 2.17 13.98 6.14 11.54 17.36 2.19 2.75 China 205.70 272.55 21.88 209.00 291.00 0.00 209.14 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2022 WASDE - 630 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Oct 307.01 1,168.74 178.96 740.23 1,174.55 183.04 301.19 Nov 307.68 1,168.39 177.60 740.33 1,175.30 182.74 300.76 World Less China Oct 97.77 894.74 160.96 526.23 879.55 183.02 94.98 Nov 98.54 894.39 159.60 526.33 880.30 182.72 94.64 United States Oct 34.98 352.95 1.27 133.99 304.81 54.61 29.77 Nov 34.98 353.84 1.27 134.63 305.45 54.61 30.02 Total Foreign Oct 272.03 815.79 177.69 606.24 869.74 128.43 271.42 Nov 272.70 814.55 176.33 605.71 869.86 128.13 270.74 Major Exporters 4/ Oct 13.86 244.80 1.36 102.30 126.20 111.20 22.62 Nov 13.86 244.20 1.36 102.30 126.20 110.90 22.32 Argentina Oct 1.49 55.00 0.01 10.00 14.00 41.00 1.49 Nov 1.49 55.00 0.01 10.00 14.00 41.00 1.49 Brazil Oct 4.95 126.00 1.30 65.50 77.00 47.00 8.25 Nov 4.95 126.00 1.30 65.50 77.00 47.00 8.25 Russia Oct 0.93 15.00 0.05 10.00 11.20 4.00 0.78 Nov 0.93 15.00 0.05 10.00 11.20 4.00 0.78 South Africa Oct 1.92 17.30 0.00 7.30 13.30 3.70 2.22 Nov 1.92 16.70 0.00 7.30 13.30 3.40 1.92 Ukraine Oct 4.57 31.50 0.00 9.50 10.70 15.50 9.87 Nov 4.57 31.50 0.00 9.50 10.70 15.50 9.87 Major Importers 5/ Oct 22.30 122.57 95.90 161.80 216.95 3.89 19.94 Nov 22.53 120.77 95.40 160.50 214.75 3.89 20.06 Egypt Oct 1.59 7.44 9.20 13.90 16.40 0.01 1.83 Nov 1.59 7.44 9.20 13.90 16.40 0.01 1.83 European Union 6/ Oct 9.96 56.20 20.00 56.00 76.10 2.70 7.36 Nov 9.96 54.80 20.00 55.50 74.70 2.70 7.36 Japan Oct 1.38 0.01 15.00 11.50 15.00 0.00 1.39 Nov 1.38 0.01 15.00 11.50 15.00 0.00 1.39 Mexico Oct 3.08 27.60 17.70 26.30 44.50 0.60 3.28 Nov 3.16 27.60 17.70 26.30 44.50 0.60 3.36 Southeast Asia 7/ Oct 3.52 31.16 18.00 40.40 48.70 0.58 3.40 Nov 3.66 30.76 17.50 39.60 47.90 0.58 3.44 South Korea Oct 2.05 0.08 11.50 9.20 11.55 0.00 2.08 Nov 2.05 0.08 11.50 9.20 11.55 0.00 2.08 Selected Other Canada Oct 2.12 14.50 1.50 9.20 14.40 1.60 2.12 Nov 2.75 14.50 1.50 9.80 15.00 1.60 2.15 China Oct 209.24 274.00 18.00 214.00 295.00 0.02 206.22 Nov 209.14 274.00 18.00 214.00 295.00 0.02 206.12 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2022 WASDE - 630 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 182.08 509.32 46.40 503.49 50.93 187.92 World Less China 65.58 361.02 42.18 353.19 48.71 71.42 United States 0.91 7.22 1.08 4.86 2.97 1.39 Total Foreign 181.17 502.10 45.32 498.63 47.96 186.53 Major Exporters 4/ 41.22 191.63 2.01 149.40 38.33 47.13 Burma 1.01 12.60 0.00 10.50 1.90 1.21 India 33.90 124.37 0.00 101.05 20.22 37.00 Pakistan 1.15 8.42 0.01 3.70 3.88 2.00 Thailand 3.98 18.86 0.20 12.70 6.06 4.28 Vietnam 1.18 27.38 1.80 21.45 6.27 2.64 Major Importers 5/ 128.89 240.06 17.05 255.09 2.71 128.20 China 116.50 148.30 4.22 150.29 2.22 116.50 European Union 6/ 0.92 1.83 1.78 3.40 0.45 0.68 Indonesia 3.31 34.50 0.65 35.40 0.00 3.06 Nigeria 1.49 5.15 2.20 7.15 0.00 1.69 Philippines 3.60 12.42 2.20 14.45 0.00 3.76 Sel. Mideast 7/ 1.22 2.31 3.25 5.85 0.00 0.92 Selected Other Brazil 0.24 8.00 0.63 7.35 0.95 0.57 C. Amer & Carib 8/ 0.67 1.59 1.62 3.29 0.04 0.55 Egypt 1.23 4.00 0.22 4.30 0.01 1.15 Japan 1.98 7.57 0.65 8.15 0.11 1.94 Mexico 0.17 0.20 0.81 0.96 0.02 0.20 South Korea 1.14 3.51 0.43 4.00 0.05 1.02 2021/22 Est. Beginning Stocks Productio n Imports Total /2 Domestic Exports Ending Stocks World 3/ 187.92 515.09 54.59 519.91 55.98 183.10 World Less China 71.42 366.10 48.64 363.55 53.90 70.10 United States 1.39 6.09 1.20 4.81 2.61 1.26 Total Foreign 186.53 509.00 53.39 515.10 53.37 181.84 Major Exporters 4/ 47.13 198.56 1.53 159.74 43.70 43.79 Burma 1.21 12.35 0.00 10.40 2.30 0.87 India 37.00 130.29 0.00 111.29 22.00 34.00 Pakistan 2.00 9.10 0.01 3.75 4.80 2.55 Thailand 4.28 19.88 0.13 12.80 7.60 3.88 Vietnam 2.64 26.94 1.40 21.50 7.00 2.48 Major Importers 5/ 128.20 241.98 22.09 262.89 2.53 126.85 China 116.50 148.99 5.95 156.36 2.08 113.00 European Union 6/ 0.68 1.71 2.44 3.50 0.41 0.92 Indonesia 3.06 34.40 0.55 35.15 0.00 2.86 Nigeria 1.69 5.26 2.40 7.35 0.00 2.00 Philippines 3.76 12.54 3.60 15.40 0.00 4.50 Sel. Mideast 7/ 0.92 2.15 4.19 6.08 0.00 1.19 Selected Other Brazil 0.57 7.34 0.85 7.30 1.10 0.36 C. Amer & Carib 8/ 0.55 1.63 1.72 3.24 0.04 0.62 Egypt 1.15 2.90 0.65 4.05 0.01 0.65 Japan 1.94 7.67 0.69 8.20 0.12 1.97 Mexico 0.20 0.18 0.75 0.97 0.01 0.16 South Korea 1.02 3.88 0.44 3.95 0.06 1.34 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. November 2022 WASDE - 630 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Oct 184.25 505.04 51.45 518.09 53.22 171.20 Nov 183.10 503.69 51.42 517.77 52.83 169.02 World Less China Oct 71.25 358.04 46.45 363.09 51.02 63.40 Nov 70.10 356.69 46.42 362.77 50.63 61.22 United States Oct 1.26 5.25 1.40 4.48 2.38 1.05 Nov 1.26 5.22 1.43 4.51 2.25 1.15 Total Foreign Oct 182.98 499.79 50.05 513.61 50.84 170.15 Nov 181.84 498.47 49.99 513.26 50.58 167.88 Major Exporters 4/ Oct 44.99 191.40 0.91 157.95 41.50 37.85 Nov 43.79 190.43 0.86 157.40 41.30 36.37 Burma Oct 0.87 12.50 0.00 10.30 2.40 0.67 Nov 0.87 12.50 0.00 10.30 2.40 0.67 India Oct 35.00 124.00 0.00 109.25 19.00 30.75 Nov 34.00 124.00 0.00 109.00 19.50 29.50 Pakistan Oct 2.45 7.40 0.01 4.00 4.70 1.16 Nov 2.55 6.60 0.01 3.70 4.00 1.46 Thailand Oct 3.96 20.10 0.20 12.90 8.20 3.16 Nov 3.88 20.10 0.15 12.90 8.20 3.03 Vietnam Oct 2.71 27.40 0.70 21.50 7.20 2.11 Nov 2.48 27.23 0.70 21.50 7.20 1.71 Major Importers 5/ Oct 126.51 239.71 19.80 262.25 2.66 121.11 Nov 126.85 239.39 19.80 262.75 2.66 120.64 China Oct 113.00 147.00 5.00 155.00 2.20 107.80 Nov 113.00 147.00 5.00 155.00 2.20 107.80 European Union 6/ Oct 0.74 1.35 2.50 3.55 0.42 0.62 Nov 0.92 1.35 2.50 3.55 0.42 0.80 Indonesia Oct 2.86 34.60 0.55 35.00 0.00 3.01 Nov 2.86 34.60 0.55 35.50 0.00 2.51 Nigeria Oct 1.90 5.36 2.20 7.45 0.00 2.00 Nov 2.00 5.04 2.20 7.45 0.00 1.79 Philippines Oct 4.50 12.41 3.30 15.60 0.00 4.61 Nov 4.50 12.41 3.30 15.60 0.00 4.61 Sel. Mideast 7/ Oct 1.17 2.24 4.00 6.25 0.00 1.16 Nov 1.19 2.24 4.00 6.25 0.00 1.18 Selected Other Brazil Oct 0.41 7.30 0.85 7.25 0.90 0.41 Nov 0.36 7.30 0.85 7.25 0.90 0.36 C. Amer & Carib 8/ Oct 0.60 1.55 1.77 3.28 0.03 0.62 Nov 0.62 1.55 1.74 3.27 0.03 0.61 Egypt Oct 0.65 3.60 0.55 4.10 0.01 0.69 Nov 0.65 3.60 0.55 4.10 0.01 0.69 Japan Oct 1.97 7.45 0.69 8.20 0.12 1.79 Nov 1.97 7.45 0.69 8.20 0.12 1.79 Mexico Oct 0.16 0.19 0.80 0.98 0.01 0.15 Nov 0.16 0.19 0.80 0.98 0.01 0.15 South Korea Oct 1.34 3.75 0.43 3.95 0.06 1.51 Nov 1.34 3.80 0.42 4.00 0.06 1.50 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. November 2022 WASDE - 630 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2020/21 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 98.39 111.47 48.69 123.13 48.73 -0.06 86.75 World Less China 62.05 81.87 35.83 82.13 48.72 -0.06 48.96 United States 7.25 14.61 3/ 2.40 16.35 -0.04 3.15 Total Foreign 91.14 96.86 48.69 120.73 32.38 -0.02 83.60 Major Exporters 4/ 40.39 53.78 1.61 34.90 27.87 -0.08 33.09 Central Asia 5/ 3.96 5.45 0.03 4.11 2.03 0.00 3.29 Afr. Fr. Zone 6/ 2.50 4.84 3/ 0.10 5.49 0.00 1.74 S. Hemis. 7/ 17.64 15.55 0.14 4.04 13.60 -0.09 15.78 Australia 1.20 2.80 3/ 0.01 1.58 -0.10 2.51 Brazil 14.40 10.82 0.01 3.10 11.01 0.00 11.12 India 15.68 27.60 0.84 26.00 6.19 0.00 11.94 Major Importers 8/ 48.28 39.87 44.66 81.78 3.10 0.06 47.87 Mexico 0.71 1.02 0.93 1.70 0.49 0.02 0.45 China 36.34 29.60 12.86 41.00 0.01 0.00 37.79 European Union 9/ 0.66 1.69 0.56 0.59 1.96 0.00 0.37 Turkey 2.77 2.90 5.33 7.70 0.59 0.00 2.71 Pakistan 3.12 4.50 5.40 10.80 0.03 0.03 2.17 Indonesia 0.64 3/ 2.31 2.45 0.01 0.00 0.50 Thailand 0.10 3/ 0.60 0.61 0.00 0.01 0.08 Bangladesh 2.52 0.15 8.30 8.50 0.00 0.01 2.45 Vietnam 1.10 3/ 7.29 7.30 0.00 0.00 1.09 2021/22 Est. Beginning Stocks Productio n Imports Domestic Use Exports Loss /2 Ending Stocks World 86.75 115.76 42.89 117.37 42.76 -0.37 85.64 World Less China 48.96 88.96 35.05 82.37 42.64 -0.37 48.33 United States 3.15 17.52 0.01 2.55 14.62 -0.24 3.75 Total Foreign 83.60 98.24 42.88 114.82 28.14 -0.12 81.89 Major Exporters 4/ 33.09 55.39 1.79 34.11 23.93 -0.18 32.41 Central Asia 5/ 3.29 4.95 0.06 4.16 1.48 0.00 2.66 Afr. Fr. Zone 6/ 1.74 5.98 3/ 0.10 5.91 -0.01 1.71 S. Hemis. 7/ 15.78 19.55 0.16 4.23 12.43 -0.18 19.01 Australia 2.51 5.75 3/ 0.01 3.58 -0.19 4.86 Brazil 11.12 11.72 0.02 3.20 7.73 0.00 11.94 India 11.94 24.50 1.00 25.00 3.74 0.00 8.70 Major Importers 8/ 47.87 39.61 38.69 76.48 2.93 0.06 46.70 Mexico 0.45 1.22 0.96 1.85 0.40 0.01 0.37 China 37.79 26.80 7.84 35.00 0.12 0.00 37.31 European Union 9/ 0.37 1.63 0.64 0.62 1.77 0.00 0.25 Turkey 2.71 3.80 5.52 8.70 0.57 0.00 2.77 Pakistan 2.17 6.00 4.50 10.70 0.05 0.03 1.89 Indonesia 0.50 3/ 2.58 2.60 0.01 0.00 0.46 Thailand 0.08 3/ 0.75 0.73 0.00 0.01 0.10 Bangladesh 2.45 0.15 8.20 8.50 0.00 0.01 2.29 Vietnam 1.09 3/ 6.63 6.70 0.00 0.00 1.02 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. November 2022 WASDE - 630 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2022/23 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Oct 85.26 118.05 43.62 115.60 43.61 -0.15 87.87 Nov 85.64 116.43 43.22 114.95 43.20 -0.13 87.27 World Less China Oct 47.95 90.05 34.92 79.10 43.56 -0.15 50.40 Nov 48.33 88.43 34.72 78.45 43.13 -0.13 50.03 United States Oct 3.75 13.81 0.01 2.30 12.50 -0.03 2.80 Nov 3.75 14.03 0.01 2.30 12.50 -0.01 3.00 filler filler filler filler filler filler filler Total Foreign Oct 81.51 104.24 43.62 113.30 31.11 -0.12 85.07 Nov 81.89 102.40 43.22 112.65 30.70 -0.12 84.27 Major Exporters 4/ Oct 32.03 60.25 2.25 32.66 27.00 -0.17 35.04 Nov 32.41 59.12 2.30 32.66 26.57 -0.17 34.77 Central Asia 5/ Oct 2.66 5.00 0.08 3.77 1.47 0.00 2.50 Nov 2.66 5.00 0.08 3.77 1.47 0.00 2.50 Afr. Fr. Zone 6/ Oct 1.71 6.17 3/ 0.10 5.78 0.00 1.99 Nov 1.71 5.54 3/ 0.10 5.40 0.00 1.76 S. Hemis. 7/ Oct 18.64 21.03 0.15 4.18 15.76 -0.18 20.07 Nov 19.01 20.53 0.15 4.18 15.76 -0.18 19.94 Australia Oct 4.70 6.00 3/ 0.01 6.20 -0.19 4.68 Nov 4.86 5.50 3/ 0.01 6.20 -0.19 4.34 filler filler filler filler filler filler filler Brazil Oct 11.72 13.00 0.02 3.20 8.40 0.00 13.13 Nov 11.94 13.00 0.02 3.20 8.40 0.00 13.35 India Oct 8.70 27.50 1.50 24.00 3.50 0.00 10.20 Nov 8.70 27.50 1.55 24.00 3.45 0.00 10.30 Major Importers 8/ Oct 46.70 40.74 39.15 76.60 2.70 0.06 47.24 Nov 46.70 40.03 38.70 75.95 2.72 0.06 46.70 Mexico Oct 0.37 1.40 1.00 1.80 0.50 0.01 0.46 Nov 0.37 1.40 1.00 1.80 0.50 0.01 0.46 China Oct 37.31 28.00 8.70 36.50 0.05 0.00 37.46 Nov 37.31 28.00 8.50 36.50 0.08 0.00 37.24 European Union 9/ Oct 0.25 1.58 0.56 0.58 1.46 0.00 0.34 Nov 0.25 1.57 0.56 0.58 1.46 0.00 0.33 Turkey Oct 2.77 4.40 4.70 8.30 0.65 0.00 2.92 Nov 2.77 4.40 4.70 8.30 0.65 0.00 2.92 Pakistan Oct 1.89 5.20 4.80 10.00 0.03 0.03 1.84 Nov 1.89 4.50 5.00 9.70 0.03 0.03 1.64 Indonesia Oct 0.46 3/ 2.50 2.50 0.01 0.00 0.46 Nov 0.46 3/ 2.45 2.45 0.01 0.00 0.46 Thailand Oct 0.10 3/ 0.70 0.70 0.00 0.01 0.09 Nov 0.10 3/ 0.70 0.70 0.00 0.01 0.09 Bangladesh Oct 2.29 0.16 8.40 8.50 0.00 0.01 2.34 Nov 2.29 0.16 8.00 8.20 0.00 0.01 2.24 Vietnam Oct 1.02 3/ 6.80 6.70 0.00 0.00 1.13 Nov 1.02 3/ 6.80 6.70 0.00 0.00 1.13 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. November 2022 WASDE - 630 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 94.74 368.52 165.54 315.43 363.76 165.00 100.03 World Less China 70.13 348.92 65.80 222.43 251.02 164.93 68.89 United States 14.28 114.75 0.54 58.26 60.91 61.67 6.99 Total Foreign 80.46 253.77 165.00 257.18 302.86 103.34 93.04 Major Exporters 3/ 47.42 197.39 5.92 90.21 100.84 94.95 54.94 Argentina 26.65 46.20 4.82 40.16 47.41 5.20 25.06 Brazil 20.42 139.50 1.02 46.68 49.88 81.65 29.40 Paraguay 0.33 9.90 0.02 3.30 3.47 6.33 0.45 Major Importers 4/ 27.98 23.25 133.39 122.10 149.80 0.27 34.56 China 24.61 19.60 99.74 93.00 112.74 0.07 31.15 European Union 1.72 2.60 14.79 15.80 17.36 0.19 1.56 Southeast Asia 0.98 0.59 9.68 4.74 10.04 0.01 1.20 Mexico 0.37 0.25 6.10 6.20 6.25 0.00 0.46 2021/22 Est. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 100.03 355.59 156.24 314.51 363.17 154.02 94.67 World Less China 68.89 339.19 64.67 227.01 255.95 153.92 62.88 United States 6.99 121.53 0.43 59.98 62.78 58.72 7.45 Total Foreign 93.04 234.06 155.81 254.53 300.38 95.30 87.22 Major Exporters 3/ 54.94 178.17 4.44 92.15 102.69 87.47 47.39 Argentina 25.06 43.90 3.84 38.83 46.04 2.86 23.90 Brazil 29.40 127.00 0.54 51.00 54.25 79.36 23.34 Paraguay 0.45 4.20 0.05 2.25 2.33 2.25 0.13 Major Importers 4/ 34.56 20.16 123.19 116.05 143.32 0.40 34.19 China 31.15 16.40 91.57 87.50 107.22 0.10 31.79 European Union 1.56 2.71 14.10 15.40 16.97 0.27 1.13 Southeast Asia 1.20 0.53 8.42 4.45 9.33 0.02 0.80 Mexico 0.46 0.29 5.80 6.20 6.25 0.00 0.30 2022/23 Proj. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ Oct 92.38 390.99 166.23 329.44 380.24 168.84 100.52 Nov 94.67 390.53 166.28 329.28 380.17 169.14 102.17 World Less China Oct 61.63 372.59 68.23 233.44 263.65 168.74 70.06 Nov 62.88 372.13 68.28 233.28 263.58 169.04 70.67 United States Oct 7.45 117.38 0.41 60.83 64.15 55.66 5.44 Nov 7.45 118.27 0.41 61.10 64.48 55.66 5.99 Total Foreign Oct 84.93 273.61 165.82 268.61 316.09 113.19 95.08 Nov 87.22 272.26 165.87 268.18 315.69 113.49 96.17 Major Exporters 3/ Oct 46.45 215.50 5.57 95.78 106.79 104.68 56.05 Nov 47.39 214.00 5.57 95.28 106.29 104.88 55.79 Argentina Oct 23.15 51.00 4.80 40.50 47.75 7.00 24.20 Nov 23.90 49.50 4.80 39.75 47.00 7.20 24.00 Brazil Oct 23.16 152.00 0.75 51.50 55.10 89.50 31.31 Nov 23.34 152.00 0.75 51.75 55.35 89.50 31.24 Paraguay Oct 0.13 10.00 0.01 3.70 3.86 5.75 0.53 Nov 0.13 10.00 0.01 3.70 3.86 5.75 0.53 Major Importers 4/ Oct 32.95 21.92 132.33 125.10 153.73 0.33 33.14 Nov 34.19 21.82 132.38 125.10 153.73 0.33 34.32 China Oct 30.74 18.40 98.00 96.00 116.59 0.10 30.46 Nov 31.79 18.40 98.00 96.00 116.59 0.10 31.50 European Union Oct 0.93 2.50 14.80 15.20 16.78 0.22 1.23 Nov 1.13 2.47 14.80 15.20 16.78 0.22 1.40 Southeast Asia Oct 0.81 0.50 9.88 4.85 10.20 0.02 0.97 Nov 0.80 0.50 9.88 4.85 10.20 0.02 0.96 Mexico Oct 0.30 0.29 6.35 6.55 6.60 0.00 0.34 Nov 0.30 0.23 6.40 6.55 6.60 0.00 0.32 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and impo rts. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to rounding. November 2022 WASDE - 630 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 15.46 247.81 63.61 243.66 68.97 14.25 World Less China 15.46 174.16 63.54 170.98 67.92 14.25 United States 0.31 45.87 0.71 34.18 12.41 0.31 Total Foreign 15.15 201.94 62.90 209.48 56.57 13.94 Major Exporters 3/ 6.76 75.10 0.26 28.58 46.93 6.61 Argentina 2.57 31.32 0.00 3.28 28.33 2.29 Brazil 3.77 36.18 0.02 19.25 16.58 4.15 India 0.42 7.60 0.24 6.05 2.03 0.18 Major Importers 4/ 2.63 22.86 37.25 59.63 1.12 2.00 European Union 0.79 12.48 16.51 28.39 0.85 0.55 Mexico 0.18 4.90 1.85 6.73 0.01 0.20 Southeast Asia 5/ 1.48 3.69 17.05 20.86 0.27 1.10 China 0.00 73.66 0.07 72.68 1.05 0.00 2021/22 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 14.25 246.82 64.36 243.43 68.26 13.75 World Less China 14.25 177.52 64.31 174.56 67.77 13.75 United States 0.31 47.00 0.59 35.35 12.27 0.28 Total Foreign 13.94 199.81 63.77 208.08 55.99 13.46 Major Exporters 3/ 6.61 77.42 0.80 30.15 47.48 7.19 Argentina 2.29 30.29 0.14 3.33 26.59 2.80 Brazil 4.15 39.53 0.01 19.80 20.25 3.64 India 0.18 7.60 0.65 7.03 0.65 0.75 Major Importers 4/ 2.00 22.42 37.65 59.54 1.10 1.44 European Union 0.55 12.17 16.50 28.04 0.75 0.42 Mexico 0.20 4.90 1.83 6.78 0.02 0.13 Southeast Asia 5/ 1.10 3.47 17.52 21.02 0.34 0.74 China 0.00 69.30 0.06 68.87 0.48 0.00 2022/23 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Oct 14.22 258.59 65.08 252.56 69.93 15.39 Nov 13.75 258.47 65.04 252.79 69.95 14.52 World Less China Oct 14.22 182.55 65.03 177.48 68.93 15.39 Nov 13.75 182.44 64.99 177.71 68.95 14.52 United States Oct 0.36 47.72 0.54 35.79 12.43 0.41 Nov 0.28 47.94 0.54 36.02 12.43 0.32 Total Foreign Oct 13.86 210.87 64.53 216.77 57.50 14.98 Nov 13.46 210.54 64.49 216.77 57.52 14.20 Major Exporters 3/ Oct 7.48 79.50 0.12 30.76 48.30 8.04 Nov 7.19 79.11 0.12 30.76 48.30 7.36 Argentina Oct 3.09 31.59 0.00 3.40 28.20 3.08 Nov 2.80 31.01 0.00 3.40 27.60 2.81 Brazil Oct 3.64 39.91 0.02 20.35 18.90 4.32 Nov 3.64 40.10 0.02 20.35 19.50 3.91 India Oct 0.75 8.00 0.10 7.01 1.20 0.65 Nov 0.75 8.00 0.10 7.01 1.20 0.65 Major Importers 4/ Oct 1.57 22.86 38.28 59.83 1.07 1.81 Nov 1.44 22.86 38.28 59.83 1.07 1.67 European Union Oct 0.48 12.01 16.80 27.94 0.75 0.60 Nov 0.42 12.01 16.80 27.94 0.75 0.54 Mexico Oct 0.14 5.18 1.85 6.95 0.01 0.21 Nov 0.13 5.18 1.85 6.95 0.01 0.20 Southeast Asia 5/ Oct 0.81 3.79 17.80 21.23 0.31 0.86 Nov 0.74 3.79 17.80 21.23 0.31 0.79 China Oct 0.00 76.03 0.05 75.08 1.00 0.00 Nov 0.00 76.03 0.05 75.08 1.00 0.00 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. November 2022 WASDE - 630 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 5.37 59.23 11.68 58.42 12.61 5.26 World Less China 4.59 42.56 10.45 40.82 12.57 4.22 United States 0.84 11.35 0.14 10.58 0.79 0.97 Total Foreign 4.53 47.88 11.55 47.84 11.83 4.29 Major Exporters 3/ 1.54 20.54 0.75 12.51 9.02 1.30 Argentina 0.55 7.93 0.00 2.04 6.14 0.30 Brazil 0.48 8.99 0.25 7.98 1.26 0.47 European Union 0.44 3.00 0.49 2.43 1.06 0.44 Major Importers 4/ 1.59 19.87 6.75 26.36 0.21 1.64 China 0.78 16.67 1.23 17.60 0.04 1.03 India 0.14 1.71 3.25 4.95 0.01 0.13 North Africa 5/ 0.43 0.99 1.61 2.60 0.13 0.30 2021/22 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 5.26 59.32 11.30 59.28 12.18 4.42 World Less China 4.22 43.64 11.01 42.63 12.07 4.18 United States 0.97 11.86 0.14 11.25 0.80 0.91 Total Foreign 4.29 47.47 11.16 48.02 11.38 3.52 Major Exporters 3/ 1.30 20.84 0.59 12.63 8.66 1.44 Argentina 0.30 7.66 0.09 2.66 4.86 0.53 Brazil 0.47 9.82 0.03 7.55 2.41 0.36 European Union 0.44 2.93 0.46 2.36 0.98 0.50 Major Importers 4/ 1.64 19.07 6.47 26.25 0.28 0.66 China 1.03 15.68 0.29 16.65 0.11 0.24 India 0.13 1.71 4.10 5.83 0.02 0.10 North Africa 5/ 0.30 1.18 1.44 2.55 0.13 0.24 2022/23 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Oct 4.46 61.90 11.89 60.48 12.90 4.88 Nov 4.42 61.87 11.68 60.39 12.66 4.93 World Less China Oct 4.20 44.70 10.89 42.68 12.81 4.30 Nov 4.18 44.67 10.68 42.59 12.57 4.37 United States Oct 0.93 11.88 0.23 11.57 0.64 0.84 Nov 0.91 11.93 0.23 11.64 0.59 0.84 Total Foreign Oct 3.53 50.02 11.66 48.92 12.26 4.04 Nov 3.52 49.94 11.45 48.75 12.07 4.08 Major Exporters 3/ Oct 1.44 21.51 0.60 12.57 9.48 1.52 Nov 1.44 21.41 0.60 12.62 9.28 1.56 Argentina Oct 0.57 8.00 0.00 2.38 5.70 0.49 Nov 0.53 7.86 0.00 2.38 5.50 0.51 Brazil Oct 0.38 9.92 0.10 7.83 2.10 0.47 Nov 0.36 9.97 0.10 7.83 2.10 0.50 European Union Oct 0.46 2.89 0.50 2.31 1.08 0.47 Nov 0.50 2.89 0.50 2.36 1.08 0.46 Major Importers 4/ Oct 0.69 20.67 6.89 26.94 0.21 1.09 Nov 0.66 20.67 6.69 26.74 0.21 1.06 China Oct 0.26 17.20 1.00 17.80 0.09 0.58 Nov 0.24 17.20 1.00 17.80 0.09 0.55 India Oct 0.10 1.80 3.55 5.30 0.02 0.14 Nov 0.10 1.80 3.35 5.10 0.02 0.14 North Africa 5/ Oct 0.24 1.13 1.59 2.59 0.11 0.27 Nov 0.24 1.13 1.59 2.59 0.11 0.27 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, Bangladesh, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. November 2022 WASDE - 630 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2021 IV 7,106 7,185 14,341 11,193 1,366 12,689 27,030 2,371 55.4 Annual 27,948 27,675 55,815 44,899 5,558 50,995 106,810 9,238 226.3 2022 I 7,022 6,904 13,972 11,170 1,374 12,678 26,650 2,295 56.3 II 7,069 6,639 13,755 11,279 1,275 12,698 26,453 2,207 57.8 III 7,146 6,533 13,725 11,900 1,264 13,310 27,035 2,245 56.5 IV* 7,110 7,045 14,204 11,625 1,275 13,025 27,229 2,285 56.3 Annual Oct Proj. 28,136 27,148 55,471 45,899 5,204 51,651 107,122 9,042 226.9 Nov Proj. 28,347 27,121 55,655 45,974 5,188 51,710 107,366 9,032 227.0 2023 I* 6,705 6,980 13,730 11,500 1,345 12,975 26,705 2,305 57.1 II* 6,555 6,505 13,105 11,575 1,390 13,100 26,205 2,355 58.4 III* 6,490 6,615 13,150 12,050 1,420 13,610 26,760 2,400 56.9 Annual Oct Proj. 26,365 27,345 53,893 46,625 5,610 52,765 106,658 9,560 229.2 Nov Proj. 26,275 27,345 53,803 46,825 5,580 52,935 106,738 9,515 229.2 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2021 IV 132.36 56.36 110.9 133.4 131.8 20.67 Annual 122.40 67.29 101.2 122.8 118.5 18.53 2022 I 139.25 65.55 135.1 131.4 170.8 24.93 II 141.93 75.58 167.5 143.9 251.6 27.10 III 143.42 80.20 136.1 165.4 295.6 24.80 IV* 152.00 64.00 125.0 181.0 322.0 25.20 Annual Oct Proj. 143.15 71.08 141.4 152.9 242.0 25.60 Nov Proj. 144.15 71.33 140.9 155.4 260.0 25.50 2023 I* 153.00 63.00 130.0 160.0 230.0 23.25 II* 154.00 71.00 133.0 157.0 175.0 22.45 III* 155.00 69.00 130.0 147.0 160.0 21.75 Annual Oct Proj. 154 67 131 151 170 22.90 Nov Proj. 156 67 131 153 184 22.60 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. November 2022 WASDE - 630 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2021 716 28,016 3,346 32,078 3,441 676 27,962 58.9 2022 Proj. Oct 676 28,204 3,389 32,268 3,571 730 27,967 58.8 Nov 676 28,415 3,376 32,467 3,542 730 28,195 59.2 2023 Proj. Oct 730 26,433 3,350 30,513 3,070 640 26,803 56.1 Nov 730 26,343 3,350 30,423 3,070 640 26,713 55.9 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2021 467 27,690 1,180 29,337 7,026 446 21,865 51.1 2022 Proj. Oct 446 27,162 1,477 29,085 6,389 550 22,146 51.6 Nov 446 27,135 1,424 29,005 6,409 540 22,056 51.4 2023 Proj. Oct 550 27,360 1,505 29,415 6,280 570 22,565 52.4 Nov 540 27,360 1,410 29,310 6,280 570 22,460 52.1 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2021 1,217 55,906 4,890 62,014 10,470 1,147 50,397 111.5 2022 Proj. Oct 1,147 55,563 5,232 61,942 9,965 1,307 50,671 111.8 Nov 1,147 55,747 5,165 62,059 9,956 1,299 50,805 112.1 2023 Proj. Oct 1,307 53,985 5,220 60,511 9,354 1,237 49,921 109.9 Nov 1,299 53,895 5,125 60,318 9,354 1,237 49,728 109.5 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2021 830 44,419 155 45,403 7,355 705 37,343 96.6 2022 Proj. Oct 705 45,408 188 46,301 7,168 820 38,312 98.8 Nov 705 45,482 187 46,374 7,212 830 38,332 98.8 2023 Proj. Oct 820 46,126 170 47,116 7,370 790 38,956 100.1 Nov 830 46,324 170 47,324 7,370 790 39,164 100.6 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2021 223 5,558 22 5,804 548 166 5,090 15.3 2022 Proj. Oct 166 5,204 82 5,452 404 165 4,883 14.7 Nov 166 5,188 86 5,440 417 165 4,857 14.6 2023 Proj. Oct 165 5,610 85 5,860 415 170 5,275 15.8 Nov 165 5,580 100 5,845 425 170 5,250 15.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2021 1,057 50,514 180 51,751 7,947 874 42,930 113.4 2022 Proj. Oct 874 51,159 276 52,310 7,606 989 43,715 115.0 Nov 874 51,218 280 52,372 7,660 999 43,713 115.0 2023 Proj. Oct 989 52,266 259 53,514 7,813 964 44,737 117.4 Nov 999 52,433 276 53,708 7,819 964 44,925 117.9 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2021 2,274 106,420 5,070 113,765 18,418 2,021 93,327 224.9 2022 Proj. Oct 2,021 106,722 5,508 114,251 17,570 2,296 94,386 226.8 Nov 2,021 106,965 5,445 114,431 17,615 2,298 94,518 227.1 2023 Proj. Oct 2,296 106,250 5,479 114,025 17,167 2,201 94,657 227.3 Nov 2,298 106,328 5,401 114,027 17,173 2,201 94,653 227.4 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. November 2022 WASDE - 630 - 33 U.S. Egg Supply and Use Commodity 2020 2021 2022 Proj. 2022 Proj. 2023 Proj. 2023 Proj. Oct Nov Oct Nov Eggs Million Dozen Supply Beginning Stocks 31.6 24.5 19.1 19.1 19.0 20.5 Production 9,291.8 9,237.8 9,041.7 9,032.0 9,560.0 9,515.0 Imports 15.5 18.2 24.0 22.7 19.5 19.5 Total Supply 9,338.9 9,280.5 9,084.8 9,073.9 9,598.5 9,555.0 Use Exports 344.0 392.2 222.8 221.8 270.0 265.0 Hatching Use 1,078.5 1,103.9 1,125.6 1,124.0 1,160.0 1,150.0 Ending Stocks 24.5 19.1 19.0 20.5 21.0 21.0 Disappearance Total 7,891.8 7,765.3 7,717.4 7,707.6 8,147.5 8,119.0 Per Capita (number) 285.5 280.5 278.0 277.6 292.4 291.5 Total U.S. Milk Supply and Use Commodity 2020 2021 2022 Proj. 2022 Proj. 2023 Proj. 2023 Proj. Oct Nov Oct Nov Milk Billion Pounds Production 223.3 226.3 226.9 227.0 229.2 229.2 Farm Use 1.1 1.0 1.1 1.1 1.1 1.1 Fat Basis Supply Beginning Stocks 13.6 15.6 14.3 14.3 14.3 14.1 Marketings 222.2 225.2 225.8 225.9 228.2 228.1 Imports 6.8 6.5 7.2 7.0 7.2 7.1 Total Supply 242.6 247.4 247.3 247.2 249.6 249.3 Fat Basis Use Exports 9.3 11.5 13.5 13.1 12.6 12.7 Ending Stocks 15.6 14.3 14.3 14.1 15.8 14.9 Domestic Use 217.8 221.5 219.5 220.0 221.2 221.6 Skim -solid Basis Supply Beginning Stocks 10.2 10.9 11.1 11.1 12.0 11.2 Marketings 222.2 225.2 225.8 225.9 228.2 228.1 Imports 5.6 5.8 6.5 6.4 6.1 6.0 Total Supply 238.0 241.9 243.4 243.4 246.2 245.4 Skim -solid Basis Use Exports 47.2 50.8 52.2 52.4 52.2 52.5 Ending Stocks 10.9 11.1 12.0 11.2 12.4 11.1 Domestic Use 179.9 180.0 179.2 179.8 181.6 181.8 Total Dairy domestic use for 2020 includes additional milk marketed but not processed. Note: Totals may not add due to rounding. November 2022 WASDE - 630 - 34 U.S. Dairy Prices Commodity 2020 2021 2022 Proj. 2022 Proj. 2023 Proj. 2023 Proj. Oct Nov Oct Nov Product Prices 1/ Dollars Per Pound Cheese 1.9236 1.6755 2.105 2.100 1.985 1.970 Butter 1.5808 1.7325 2.880 2.845 2.440 2.455 Nonfat Dry Milk 1.0417 1.2693 1.690 1.680 1.495 1.405 Dry Whey 0.3621 0.5744 0.605 0.605 0.485 0.485 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 18.16 17.08 21.90 21.80 19.80 19.65 Class IV 13.49 16.09 24.60 24.30 21.00 20.35 All Milk 3/ 18.13 18.53 25.60 25.50 22.90 22.60 All prices are January -December averages. 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation. November 2022 WASDE - 630 - 35 Reliability of November Projections 1/ Note: Tables on pages 35 -37 present a record of the November projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not b e above or below the final estimate by more than 1.2 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 2 percent. The average difference between the November projection and the final estimate is 5.3 million tons, ranging from 0.1 million to 18.1 million tons. The November projection has been below the estimate 30 times and above 11 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 1.2 2.0 5.3 0.1 18.1 30 11 U.S. 0.4 0.7 0.2 0.0 1.2 21 13 Foreign 1.3 2.2 5.2 0.0 18.2 30 11 Exports World 5.6 9.4 6.1 0.2 19.2 33 8 U.S. 7.4 12.4 1.9 0.2 8.6 19 22 Foreign 6.8 11.5 5.9 0.3 17.2 36 5 Domestic Use World 1.4 2.4 6.4 0.0 28.5 25 15 U.S. 5.9 9.9 1.6 0.1 3.6 11 30 Foreign 1.5 2.5 6.6 0.5 28.7 28 13 Ending Stocks World 6.2 10.5 8.3 0.2 32.1 31 10 U.S. 11.2 18.8 2.0 0.2 7.0 26 15 Foreign 6.4 10.8 7.2 0.8 31.2 30 11 COARSE GRAINS 2/ Production World 1.6 2.6 13.3 0.2 47.3 31 10 U.S. 1.3 2.2 2.5 0.0 9.9 19 22 Foreign 2.2 3.7 13.2 0.2 48.8 31 10 Exports World 6.5 11.0 6.5 0.1 29.7 28 13 U.S. 15.5 26.1 5.7 0.4 14.7 21 20 Foreign 12.0 20.2 6.9 0.3 23.5 28 13 Domestic Use World 1.3 2.2 10.6 0.2 41.9 24 17 U.S. 3.5 5.9 5.0 0.2 17.2 19 22 Foreign 1.5 2.6 9.6 0.3 42.2 26 15 Ending Stocks World 12.0 20.2 12.3 0.3 39.6 33 8 U.S. 20.5 34.5 7.6 0.6 23.9 22 19 Foreign 15.7 26.4 10.8 0.2 31.1 37 4 RICE, milled Production World 2.0 3.4 5.7 0.1 16.8 34 7 U.S. 2.8 4.7 0.1 0.0 0.5 20 18 Foreign 2.1 3.5 5.7 0.2 16.9 34 7 Exports World 9.2 15.5 2.0 0.1 6.0 32 9 U.S. 9.3 15.6 0.2 0.0 0.7 20 18 Foreign 10.5 17.7 2.0 0.0 6.1 30 11 Domestic Use World 1.7 2.8 4.0 0.1 17.5 34 7 U.S. 8.2 13.9 0.2 0.0 0.6 22 19 Foreign 1.7 2.8 4.0 0.0 17.7 35 6 Ending Stocks World 10.4 17.5 5.4 0.1 24.6 33 8 U.S. 22.6 38.0 0.2 0.0 0.8 23 18 Foreign 10.8 18.1 5.4 0.1 24.4 33 8 1/ Footnotes at end of table. CONTINUED November 2022 WASDE - 630 - 36 Reliability of November Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 4.0 6.8 6.4 0.0 28.3 24 17 U.S. 2.1 3.6 1.2 0.1 4.7 18 23 Foreign 6.6 11.2 6.2 0.0 29.4 21 20 Exports World 7.3 12.4 4.0 0.0 17.9 25 16 U.S. 9.8 16.6 2.4 0.1 7.1 26 15 Foreign 18.0 30.3 3.6 0.1 20.8 20 21 Domestic Use World 2.9 4.8 4.4 0.0 14.5 23 18 U.S. 3.6 6.0 1.3 0.0 3.8 28 13 Foreign 3.5 6.0 4.2 0.2 14.5 23 18 Ending Stocks World 15.9 26.8 4.7 0.0 18.4 22 19 U.S. 47.2 79.5 2.2 0.1 7.3 11 30 Foreign 16.9 28.5 4.2 0.1 18.2 23 18 COTTON Million 480 -Pound Bales Production World 3.6 6.0 2.6 0.1 9.3 24 17 U.S. 4.0 6.7 0.5 0.0 2.5 19 21 Foreign 4.1 6.9 2.5 0.1 8.9 25 16 Exports World 7.9 13.3 2.1 0.1 10.3 26 15 U.S. 16.7 28.1 1.1 0.1 3.2 24 17 Foreign 10.2 17.2 1.6 0.0 8.9 21 19 Domestic Use World 4.6 7.8 3.2 0.0 19.4 19 21 U.S. 9.4 15.9 0.3 0.0 1.1 20 21 Foreign 4.6 7.8 3.1 0.0 18.6 20 21 Ending Stocks World 12.1 20.3 5.2 0.3 18.4 25 16 U.S. 36.8 61.9 1.2 0.1 4.1 15 26 Foreign 12.7 21.5 4.9 0.0 17.3 27 14 1/ Marketing years 1981/82 through 2021/22 for grains, soybeans (U.S. only), and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2020/21, and for 2021/22 the last mon th’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. November 2022 WASDE - 630 - 37 Reliability of United States November Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 1.3 2.3 94 0 396 20 20 Exports 16.0 27.0 201 9 575 19 22 Domestic Use 3.7 6.3 193 3 574 24 17 Ending Stocks 23.2 39.0 298 17 986 20 21 SORGHUM Production 4.1 6.9 15 1 53 21 20 Exports 20.3 34.2 32 0 123 23 17 Domestic Use 19.6 33.0 34 0 127 18 22 Ending Stocks 47.8 80.5 24 2 104 15 26 BARLEY Production 1.6 2.6 4 0 24 19 10 Exports 40.3 67.9 9 0 37 16 20 Domestic Use 8.2 13.8 17 0 70 16 24 Ending Stocks 15.1 25.5 13 0 38 25 14 OATS Production 1.1 1.8 2 0 18 8 9 Exports 69.7 117.3 1 0 7 11 10 Domestic Use 5.4 9.1 12 1 39 16 25 Ending Stocks 20.2 34.0 13 1 52 27 14 SOYBEAN MEAL Thousand Short Tons Production 3.5 6.0 1,049 14 3,250 26 15 Exports 11.2 18.9 715 0 3,600 22 16 Domestic Use 3.3 5.6 736 30 2,350 20 21 Ending Stocks 27.3 46.0 42 0 249 15 13 SOYBEAN OIL Million Pounds Production 3.8 6.4 519 40 2,240 29 12 Exports 29.6 49.8 382 0 1,425 22 18 Domestic Use 3.7 6.3 468 56 1,828 26 15 Ending Stocks 22.7 38.3 336 0 1,077 22 18 ANIMAL PROD. Million Pounds Beef 3.7 6.3 770 92 2,461 27 13 Pork 3.1 5.3 426 2 1,592 21 19 Broilers 1.8 3.0 404 17 1,394 25 15 Turkeys 3.7 6.2 145 2 496 21 19 Million Dozen Eggs 2.1 3.5 119 2 513 26 14 Billion Pounds Milk 1.5 2.6 1.9 0.1 6.0 20 20 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2021/22 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate followin g the marketing year for 1981/82 through 2021/22. Calendar years 1982 through 2021 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2021. WASDE- 630-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. IPAD is located at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 You ’re invited to USDA's largest annual gathering and the agricultural sector's premier event —the 2023 Agricultural Outlook Forum . The Forum will be held in person on February 23- 24, 2023, at the Crystal City Gateway Marriott, Arlington, VA and all sessions will be livestreamed. The p rogram will feature an exceptional lineup of topics and speakers! •Join Chief Economist Seth Meyer as he unveils USDA’s initial forecast for the agricultural economy, commodity markets, and trade in 2023 and discuss U.S. farm income situation. •Learn from more than 100 subject matter experts, executives and academics as they discuss some of the most pressing issues impacting agriculture and potential solutions. •Get the latest on supply chain challenges and solutions, climate- smart agriculture and more! Part icipants can attend the Agricultural Outlook Forum in person or virtually. Registration is required for both virtual and in -person attendance. There is no cost to attending the Forum virtually. For more information, see the Forum's Program at a Glance Don’t miss your chance to hear the latest updates from industry leaders. Register Today! For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ Click to receive WASDE -related notifications b y email Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at mirva [email protected] World Agricultural Supply and Demand Estimates WASDE -630 – November 9, 2022 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and empl oyer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 584 Approved by the World Agricultural Outlook Board December 11, 2018 WHEAT: The outlook for 2018/19 U.S. wheat this month is for unchanged supplies, lower exports, and higher ending stocks. Wheat exports are lowered 25 million bushels to 1.0 billion with all of the reduction in Hard Red Winter (HRW) on historically low exports for this class in the first half of the 2018/19 marketing year (MY). The reduction in HRW is partially offset by higher exports of Hard Red Spring and Soft Red Winter. Projected 2018/19 ending stocks are raised 25 million bushels to 974 m illion, which are still down 11 percent from last year. Based on NASS monthly prices reported to date and price expectations for the remainder of the MY , the projected season- average farm price is up $0.05 per bushel at the midpoint with the range narrowed to $5.05 to $5.25. World 2018/19 wheat supplies are increased 0.8 million tons as additional Russian carry - in stocks and a larger Canadian crop more than offset a reduction in Australian production. Based on the updated ABARES estimate, Australia’ s production is lowered by 500,000 tons to 17.0 million. This would be the lowest Australian wheat output since 2007/08. Canada’ s wheat production is raised 300,000 tons to 31.8 million, based on the latest estimate by Statistics Canada. Projected global 2018/19 trade is lower, as reduced Australian, EU, and U.S. exports are partly offset by higher Russian exports, which are increased 1.5 million tons to 36. 5 million. Russia and other Black Sea suppliers continue to displace EU and U.S. exports in several markets in the first half of 2018/19 but are expected to be less competitive in the second half based on reduced exportable supplies. Australia’ s wheat exports are lowered 1.0 million tons to 10.5 million as its export prices are expected to remain uncompetitive and more supplies are consumed domestically for feed. Global ending stocks are raised 1.4 million tons to 268.1 million, primarily on increases for the EU and the United States but are 4 percent lower than last year ’s record 279.9 million. COARSE GRAINS: This month’ s 2018/19 U.S. corn outlook is for lower corn used for ethanol, reduced imports, and larger ending stocks. Imports are lowered based on observed trade to date. Corn used to produce ethanol is reduced 50 million bushels to 5.6 billion, based on the most recent data from the Grain Crushings and Co- Products Production report and weekly ethanol production data as reported by the Energy Informati on Administration for the month of November. These data imply corn used for ethanol during the September to November quarter declined relative to the prior year for the first time since 2012. With no other use changes, ending stocks are up 45 million bushels from last month. The season -average corn price received by producers is unchanged at a midpoint of $3.60 per bushel but the range is narrowed 5 cents on each end to $3.25 to $3.95 per bushel. WASDE- 584-2 Global coarse grain production for 2018/19 is forecast 0.3 million tons higher to 1,373.6 million. The 2018/19 foreign coarse grain outlook is for larger production, and virtually unchanged consumption and ending stocks relative to last month. Foreign corn production is forecast higher with increases for Ukraine, the EU, and Thailand more than offsetting reductions for South Africa and Canada. EU corn production is higher reflecting a larger forecast for Romania. Ukraine corn production is raised based on harvest results to date, and if realized, this month’ s yield forecast would surpass the previous record set during 2016/17 by nearly 20 percent. South Africa corn production is lowered as dry planting conditions are expected to reduce area. Canada corn output is down on declines in both area and yield. Corn exports are raised for Ukraine, but lowered for Mexico. Imports are raised for Vietnam, Canada, Japan, Iran, and Colombia, with partially offsetting reductions for Libya and Venezuela. Foreign corn ending stocks are higher than last month, mostly reflecting increases for the EU, Mexico, Vietnam, Ukraine, and Japan, that more than offset declines for Brazil, Canada, and South Africa. RICE: The outlook for 2018/19 U.S. rice this month is for slightly higher supplies, higher exports, and reduced ending stocks. Total 2018/19 rice supplies are raised 0.5 million cwt to 276.2 million on higher medium - and short -grain imports. Exports are raised 3.0 million cwt (all medium - and short -grain milled rice) in response to the sharp reduction in Australia’ s crop. No changes are made this month to the long grain supply and demand estimates. Long -grain ending stocks remain at 32.4 million cwt, up nearly 60 percent from the previous year. Medium - and short -grain ending stocks are lowered 2.5 million cwt to 10.3 million. The all r ice marketing year average price is raised $0.10 per cwt at the midpoint to a range of $11.60 – 12.60. The long- grain price is unchanged but medium - and short -grain prices are raised $0.50 per cwt for California to a midpoint of $18.30 and $0.10 per cwt for other states to a midpoint of $12.20. Global rice production for 2018/19 is raised 0.4 million tons to 491.1 million led by a 1.0- million -ton increase for Nigeria, which is based on updated government statistics for multiple years. The Nepal crop is raised 0.2 million tons. Partly offsetting is a 0.5 -million - ton reduction for Thailand on limited water availability for the dry season crop and a 0.3- million -ton decrease for Australia on the severe drought in the Eastern part of the country. Global exports are lowered 0.8 million tons with Thailand down 0.7 million tons and Australia down 0.2 million, both on the smaller crops. Imports for 2018/19 are lowered 0.6 million tons for Nigeria and 0.4 million tons for Indonesia. Total use is raised 1.2 million tons, led by increases for Nigeria and Thailand, and global ending stocks are raised fractionally to 163.3 million tons. OILSEEDS: Total U.S. oilseed production for 2018/19 is forecast at 135.5 million tons, up slightly due to an increase for cottonseed. Soybean supply and use projections for 2018/19 are unchanged from last month. With soybean exports and crush unchanged, soybean ending stocks are projected at a record 955 million bushels. The U.S. season- average soybean price for 2018/19 is forecast at $7.85 to $9.35 per bushel, unchanged at the midpoint. Soybean meal and oil price forecasts are also unchanged at $290 to $330 per short ton and 28.0 to 32.0 cents per pound, respectively. WASDE- 584-3 Global 2018/19 oilseed production is forecast up 0.9 million tons to 600.5 million, with greater soybean production for Brazil and Nigeria. Brazil ’s soybean production is projected up 1.5 million tons to 122.0 million, reflecting higher yields in the Center- West region where crops have benefitted from favorable weather conditions. Higher global soybean production is partly offset by a 0.7- million -ton reduction to rapeseed, mainly due to lower area projections for Australia and India based on recent government data. Global 2018/19 soybean exports are increased 0.7 million tons to 156.1 million. Soybean exports are increase 4 million tons for Brazil but are lowered for Argentina, Canada, and Paraguay. Larger competitive supplies in Brazil are expected to slow the export pace and increase the stocks held by other exporters, particularly Argentina. SUGAR: U.S. beet sugar production for 2018/19 is reduced 73,942 short tons, raw value (STRV) to 4.900 million based on lower projected sucrose recovery from sliced sugarbeets. Recovery for the period covering August -October 2018 is estimated below the level originally expected. Beginning stocks are decreased 44,694 STRV based on a cane processor revision for ending 2017/18 stocks as recorded in revised 2017/18 Sweetener Market Data. Imports from Mexico for 2018/19 are projected to increase 278,177 STRV to 1.120 million. U.S. sugar exports are projected down 50,000 STRV to 35,000 based on reduced import demand in Mexico. Deliveries for human consumption are reduced by 50,000 STRV to 12.125 million on industry -reported softening sales. Ending stocks are projected at 1.664 million STRV for a stocks -to-use ratio of 13.52 percent. Mexico sugar imports for 2018/19 are projected to decrease 45,000 metric tons (MT) reflecting expected lower domestic prices relative to those of prospective import suppliers. Mexico exports for 2018/19 are increased by 238,074 MT to 1.266 million. This change reflects larger exports to the United States based on a forecast increase in U.S. Needs as defined in the amended Suspension Agreements plus 1,842 MT reported by CONADESUCA corresponding to export licenses for 2017/18 extended for a period between October 1 and 15. Ending stocks for 2018/19 are projected residually at 1.330 million MT, imply ing a stocks -to-human consumption ratio of 30.1 percent. LIVESTOCK, POULTRY, AND DAIRY: The 2018 forecast for total red meat and poultry production is raised from last month as higher beef and poultry production forecasts more than offset lower pork production. The increase in beef production reflects a faster pace of steer and heifer slaughter. However, this is slightly offset by lower carcass weights. The pork production forecast is reduced as smaller expected fourth- quarter hog slaughter more than offsets heavier carcass weights. Broiler and turkey production forecasts are raised from the previous month on the current pace of slaughter and hatchery data. The egg production forecast is lowered on recent hatchery data. For 2019, the total red meat and poultry forecast is lowered from last month on lower expected beef and broiler production. Beef production is forecast lower, reflecting slightly lighter carcass weights in early 2019. The pork production forecast is unchanged from last month. USDA will re lease its Quarterly Hogs and Pigs report on December 20th, which will provide an indication of producers ’ farrowing intentions for the first half of 2019. WASDE- 584-4 Broiler production is reduced as hatchery data points towards slowing production growth. Turkey production is unchanged from the previous month. Egg production is forecast lower for 2019. Beef import forecasts for 2018 and 2019 are reduced from the previous month on lower expected exportable supplies of processing grade beef from Australia. No change is made to beef export forecasts for 2018 and 2019. The 2018 pork export forecast is unchanged from the previous month, but the export forecast for 2019 is raised on continued strong global demand for U.S. pork. The broiler export forecast is raised for 2018 on recent trade data. For 2019, the broiler export forecast is raised as competitively priced U.S. broiler meat is expected to support global demand. Turkey export forecasts are raised for 2018 and 2019 on recent trade data. The cattle price forecast for 2018 is raised on recent price strength, but the 2019 cattle price forecast is unchanged from the previous month. The hog price forecast for 2018 is raised on recent demand strength and as this strength is expected to carry into next year, price forecasts are raised for 2019. The broiler price forecast is raised for 2018, but no change is made to the 2019 forecast. Turkey and egg price forecasts are lowered for 2018 on current price movements, but no change is made to the 2019 price forecasts. The 2018 and 2019 milk production forecasts are lowered from the previous month on slower growth in milk per cow and lower cow numbers. Relatively weak returns are expected to result in a smaller 2019 cow herd. Fat basis import forecasts are raised for 2018 and 2019, primarily as strong domestic demand supports higher imports of butter. Fat basis export forecasts are raised for both 2018 and 2019 on higher sales of butteroil and anhydrous milk fat (AMF). On a skim -solids basis, the 2018 export forecast is raised on higher expected sales of skim milk/nonfat dry milk powder (SMP/NDM), but the 2019 export forecast is unchanged as higher SMP/NDM sales are largely offset by weaker exports of lactose. The price forecast for cheese is lowered for 2018 on current price weakness and continued high stock levels, but the forecasts for butter, NDM, and whey are unchanged. For 2019, cheese and butter price forecasts are reduced while the NDM price forecast is unchanged. The 2019 whey price forecast is raised from last month as stocks remain relatively low. The 2018 and 2019 Class III price forecasts are lowered from last month on lower cheese prices. The 2018 and 2019 Class IV prices are unchanged at the midpoint of the range. The all milk price is forecast lower at $16.15 to $16.25 per cwt for 2018 and $16.40 to $17.20 per cwt for 2019. COTTON: This month’ s 2018/19 U.S. cotton forecasts include slightly higher production and ending stocks. Production is raised 180,000 bales due mainly to a 300,000 -bale increase in Texas. Domestic mill use and exports are unchanged. Ending stocks, forecast at 4.4 million bales in 2018/19, are 100,000 bales above both last month and the 2017/18 estimate. The forecast range for the marketing year average price received by producers is unchanged from November, 71 to 77 cents per pound, with a midpoint of 74 cents. WASDE- 584-5 The global 2018/19 forecasts compared with last month include lower production, lower consumption, higher trade, and slightly higher ending stocks. Global production is 645,000 bales lower with smaller crops in Pakistan, China, India, Turkmenistan, and Turkey. These changes more than offset a 1.0- million -bale increase in Brazil and smaller increases in the United States and Cote d’ Ivoire. Global consumption is 1.3 million bales lower largely due to a 1.0- million -bale decline for China, but consumption is also lower in Pakistan, Turkey, and Uzbekistan. Global trade is 600,000 bales higher, with imports up in Pakistan, India, and Malaysia, while exports are higher from Brazil, Argentina, Cote d’Ivoire, India, and Uzbekistan. Projected 2018/19 global ending stocks are nearly 600,000 bales higher this month, but at 73.2 million bales are down 7.3 million bales from the year before. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Seth D. Meyer , (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY : ROBERT JOHANSSON SECRETARY OF AGRICULTURE DESIGNATE WASDE- 584-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers , ICEC Chair, WAOB, E- mail: wchambers @oce.usda.gov Jennifer Bond, ERS; Andrew Sowell, FAS; Pete Riley, F PAC . Rice: William Chambers , ICEC Chair, WAOB, E-mail: wchambers @oce.usda.gov Nathan Childs, ERS; Rachel Trego, FAS; Sherrie Grimm, F PAC. Feed Grains: Michael Jewison , ICEC Chair, WAOB, E-mail: [email protected] Tom Capehart, ERS; Yoonhee Macke , FAS; Milton Madison , FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail: [email protected] Mark Ash, ERS; Bill George, FAS; Susan Proper, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, E- mail: [email protected] Leslie Meyer, ERS; James Johnson, FAS; Erik Dohlman , FPAC. Sugar: Stephen Haley , ICEC Chair, WAOB, E- mail: [email protected] Michael McConnell , ERS; Ro n Lord, FAS; Barbara Fecso, F PAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Lindsay Kuberka, FAS; Ryan Pfirrmann- Powell, FPAC . Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Sherry Wise , AMS; Kim Ha , ERS; Claire Mezoughem, FAS; Milton Madison, F PAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, E- mail: [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Milton Madison, F PAC. In 2019, the WASDE report will be released on Jan 11, Feb 8, Mar 8, Apr 9, May 10, Jun 11, July 11, Aug 12, Sep 12, Oct 10, Nov 8, and Dec 10. WASDE- 584-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Production .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 December 2018 WASDE - 584 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2016/17 2661.04 3397.27 429.22 2602.35 794.92 2017/18 (Est.) 2615.43 3410.35 414.62 2599.43 810.92 filler filler filler filler filler 2018/19 (Proj.) Nov 2597.49 3407.00 428.84 2643.08 763.91 2018/19 (Proj.) Dec 2598.17 3409.08 426.74 2642.50 766.58 filler filler filler filler filler Wheat 2016/17 756.51 1000.90 183.35 739.86 261.04 2017/18 (Est.) 763.06 1024.10 181.23 744.16 279.94 filler filler filler filler filler 2018/19 (Proj.) Nov 733.51 1012.51 178.79 745.80 266.71 2018/19 (Proj.) Dec 733.41 1013.35 177.36 745.25 268.10 filler filler filler filler filler Coarse Grains 5/ 2016/17 1413.71 1763.18 198.62 1378.73 384.45 2017/18 (Est.) 1357.30 1741.76 186.06 1372.45 369.31 filler filler filler filler filler 2018/19 (Proj.) Nov 1373.28 1743.08 201.14 1408.90 334.18 2018/19 (Proj.) Dec 1373.61 1742.92 201.28 1407.69 335.23 filler filler filler filler filler Rice, milled 2016/17 490.82 633.19 47.25 483.77 149.43 2017/18 (Est.) 495.07 644.49 47.33 482.82 161.68 filler filler filler filler filler 2018/19 (Proj.) Nov 490.70 651.41 48.91 488.39 163.02 2018/19 (Proj.) Dec 491.14 652.81 48.11 489.56 163.25 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2016/17 472.56 556.09 96.71 363.62 95.76 2017/18 (Est.) 437.26 541.09 94.58 357.75 88.76 filler filler filler filler filler 2018/19 (Proj.) Nov 443.33 540.28 95.86 369.57 74.85 2018/19 (Proj.) Dec 443.33 540.06 95.28 368.30 76.48 filler filler filler filler filler Wheat 2016/17 62.83 92.60 28.60 31.86 32.13 2017/18 (Est.) 47.35 83.76 24.52 29.33 29.91 filler filler filler filler filler 2018/19 ( Proj.) Nov 51.29 85.00 27.90 31.27 25.84 2018/19 (Proj.) Dec 51.29 85.00 27.22 31.27 26.52 filler filler filler filler filler Coarse Grains 5/ 2016/17 402.61 454.15 64.46 327.53 62.17 2017/18 (Est.) 384.26 449.36 67.30 324.14 57.92 filler filler filler filler filler 2018/19 (Proj.) Nov 385.12 446.52 64.92 334.08 47.53 2018/19 (Proj.) Dec 385.12 446.29 64.92 332.81 48.56 filler filler filler filler filler Rice, milled 2016/17 7.12 9.34 3.65 4.23 1.46 2017/18 (Est.) 5.66 7.98 2.76 4.28 0.93 filler filler filler filler filler 2018/19 (Proj.) Nov 6.93 8.75 3.05 4.22 1.48 2018/19 (Proj.) Dec 6.93 8.77 3.14 4.22 1.40 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). December 2018 WASDE - 584 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2016/17 2,188.48 2,841.18 332.51 2,238.73 699.16 2017/18 (Est.) 2,178.17 2,869.25 320.04 2,241.68 722.16 filler filler filler filler filler 2018/19 (Proj.) Nov 2,154.15 2,866.71 332.98 2,273.51 689.07 2018/19 (Proj.) Dec 2,154.83 2,869.02 331.46 2,274.20 690.10 filler filler filler filler filler Wheat 2016/17 693.68 908.30 154.74 707.99 228.91 2017/18 (Est.) 715.72 940.34 156.70 714.83 250.03 filler filler filler filler filler 2018/19 (Proj.) Nov 682.23 927.51 150.89 714.53 240.88 2018/19 (Proj.) Dec 682.13 928.35 150.14 713.98 241.58 filler filler filler filler filler Coarse Grains 5/ 2016/17 1,011.10 1,309.03 134.16 1,051.20 322.29 2017/18 (Est.) 973.05 1,292.40 118.77 1,048.31 311.39 filler filler filler filler filler 2018/19 (Proj.) Nov 988.16 1,296.55 136.23 1,074.81 286.65 2018/19 (Proj.) Dec 988.50 1,296.63 136.36 1,074.88 286.67 filler filler filler filler filler Rice, milled 2016/17 483.70 623.86 43.61 479.54 147.96 2017/18 (Est.) 489.41 636.52 44.57 478.54 160.74 filler filler filler filler filler 2018/19 (Proj.) Nov 483.77 642.65 45.86 484.16 161.54 2018/19 (Proj.) Dec 484.21 644.05 44.96 485.34 161.85 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2016/17 106.66 196.99 37.90 116.17 80.40 2017/18 (Est.) 123.70 204.10 40.99 123.16 80.45 filler filler filler filler filler 2018/19 (Proj.) Nov 119.39 199.78 41.13 126.88 72.61 2018/19 (Proj.) Dec 118.74 199.19 41.73 125.63 73.19 filler filler filler filler filler United States 2016/17 17.17 20.98 14.92 3.25 2.75 2017/18 (Est.) 20.92 23.68 15.85 3.23 4.30 filler filler filler filler filler 2018/19 (Proj.) Nov 18.41 22.71 15.00 3.30 4.30 2018/19 (Proj.) Dec 18.59 22.89 15.00 3.30 4.40 filler filler filler filler filler Foreign 4/ 2016/17 89.49 176.01 22.99 112.92 77.65 2017/18 (Est.) 102.77 180.42 25.15 119.94 76.15 filler filler filler filler filler 2018/19 (Proj.) Nov 100.98 177.06 26.13 123.58 68.31 2018/19 (Proj.) Dec 100.15 176.30 26.73 122.33 68.79 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. December 2018 WASDE - 584 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2016/17 572.84 667.43 170.62 467.45 111.30 2017/18 (Est.) 575.35 686.65 176.72 483.17 117.10 filler filler filler filler filler 2018/19 (Proj.) Nov 599.57 715.13 179.51 497.85 126.20 2018/19 (Proj.) Dec 600.47 717.57 180.00 498.05 129.23 filler filler filler filler filler Oilmeals 2016/17 319.77 336.88 88.22 316.88 16.53 2017/18 (Est.) 330.56 347.08 88.45 327.52 15.63 filler filler filler filler filler 2018/19 (Proj.) Nov 341.06 356.64 90.14 337.34 15.64 2018/19 (Proj.) Dec 341.36 356.99 90.39 337.98 15.44 filler filler filler filler filler Vegetable Oils 2016/17 188.41 209.65 81.29 183.35 19.86 2017/18 (Est.) 197.95 217.81 79.71 191.04 20.96 filler filler filler filler filler 2018/19 (Proj.) Nov 202.69 223.20 83.91 196.30 20.96 2018/19 (Proj.) Dec 203.84 224.80 84.22 197.33 21.42 filler filler filler filler filler United States Output Total Supply Trade Total Use 2 / Ending Sto c ks Oilseeds 2016/17 126.93 135.31 60.08 56.26 9.60 2017/18 (Est.) 131.49 142.51 59.19 60.17 13.83 filler filler filler filler filler 2018/19 (Proj.) Nov 135.45 150.64 52.85 61.05 27.66 2018/19 (Proj.) Dec 135.50 150.70 52.89 61.01 27.66 filler filler filler filler filler Oilmeals 2016/17 43.11 47.31 10.83 36.08 0.41 2017/18 (Est.) 47.02 51.18 13.75 36.86 0.56 filler filler filler filler filler 2018/19 (Proj.) Nov 47.07 51.42 12.84 38.12 0.46 2018/19 (Proj.) Dec 47.05 51.39 12.84 38.09 0.46 filler filler filler filler filler Vegetable Oils 2016/17 11.43 17.37 1.42 14.72 1.23 2017/18 (Est.) 12.11 18.13 1.35 15.54 1.24 filler filler filler filler filler 2018/19 (Proj.) Nov 12.32 18.52 1.25 15.96 1.31 2018/19 (Proj.) Dec 12.30 18.50 1.25 15.94 1.30 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2016/17 445.91 532.12 110.54 411.19 101.70 2017/18 (Est.) 443.86 544.14 117.53 423.00 103.27 filler filler filler filler filler 2018/19 (Proj.) Nov 464.13 564.49 126.66 436.80 98.54 2018/19 (Proj.) Dec 464.97 566.88 127.11 437.04 101.56 filler filler filler filler filler Oilmeals 2016/17 276.66 289.57 77.39 280.80 16.12 2017/18 (Est.) 283.54 295.91 74.70 290.66 15.08 filler filler filler filler filler 2018/19 (Proj.) Nov 293.99 305.22 77.30 299.22 15.17 2018/19 (Proj.) Dec 294.31 305.59 77.55 299.89 14.97 filler filler filler filler filler Vegetable Oils 2016/17 176.98 192.28 79.87 168.63 18.63 2017/18 (Est.) 185.84 199.68 78.36 175.50 19.73 filler filler filler filler filler 2018/19 (Proj.) Nov 190.37 204.69 82.67 180.34 19.66 2018/19 (Proj.) Dec 191.54 206.31 82.97 181.38 20.12 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. December 2018 WASDE - 584 - 11 U.S. Wheat Supply and Use 1/ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Nov Dec Million Acres Area Planted 50.1 46.0 47.8 47.8 Area Harvested 43.9 37.5 39.6 39.6 Bushels Yield per Harvested Acre 52.7 46.3 47.6 47.6 Million Bushels Beginning Stocks 976 1,181 1,099 1,099 Production 2,309 1,740 1,884 1,884 Imports 118 157 140 140 Supply, Total 3,402 3,078 3,123 3,123 Food 949 964 970 970 Seed 61 63 69 69 Feed and Residual 161 50 110 110 Domestic, Total 1,171 1,078 1,149 1,149 Exports 1,051 901 1,025 1,000 Use, Total 2,222 1,979 2,174 2,149 Ending Stocks 1,181 1,099 949 974 Avg. Farm Price ($/bu) 2/ 3.89 4.72 4.90 - 5.30 5.05 - 5.25 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2017/18 (Est.) Beginning Stocks 589 235 215 105 36 1,181 Production 750 384 292 258 55 1,740 Supply, Total 3/ 1,346 707 511 371 142 3,078 Domestic Use 394 288 216 90 90 1,078 Exports 371 228 91 193 18 901 Use, Total 765 516 306 284 107 1,979 Ending Stocks, Total 581 191 205 87 35 1,099 2018/19 (Proj.) Beginning Stocks 581 191 205 87 35 1,099 Production 662 587 286 272 77 1,884 Supply, Total 3/ 1,248 850 497 365 163 3,123 Domestic Use 460 295 210 96 88 1,149 Exports 320 300 130 220 30 1,000 Use, Total 780 595 340 316 118 2,149 Ending Stocks, Total Dec 468 255 157 49 45 974 Ending Stocks, Total Nov 426 260 169 50 44 949 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. December 2018 WASDE - 584 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Nov Dec Million Acres Area Planted 106.6 100.9 100.2 100.2 Area Harvested 96.5 90.5 89.7 89.7 Metric Tons Yield per Harvested Acre 4.17 4.24 4.29 4.29 Million Metric Tons Beginning Stocks 48.1 62.1 57.9 57.9 Production 402.3 384.0 384.9 384.9 Imports 3.3 2.7 3.2 3.0 Supply, Total 453.6 448.9 446.0 445.8 Feed and Residual 144.6 138.4 144.8 145.2 Food, Seed & Industrial 182.4 185.3 188.8 187.2 Domestic, Total 327.0 323.7 333.6 332.3 Exports 64.5 67.3 64.9 64.9 Use, Total 391.5 391.0 398.5 397.3 Ending Stocks 62.1 57.9 47.5 48.5 CORN 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. November Decemb er Million Acres Area Planted 94.0 90.2 89.1 89.1 Area Harvested 86.7 82.7 81.8 81.8 Bushels Yield per Harvested Acre 174.6 176.6 178.9 178.9 Million Bushels Beginning Stocks 1,737 2,293 2,140 2,140 Production 15,148 14,604 14,626 14,626 Imports 57 36 50 45 Supply, Total 16,942 16,934 16,816 16,811 Feed and Residual 5,470 5,298 5,500 5,500 Food, Seed & Industrial 2/ 6,885 7,058 7,130 7,080 Ethanol & by -products 3/ 5,432 5,605 5,650 5,600 Domestic, Total 12,355 12,355 12,630 12,580 Exports 2,294 2,438 2,450 2,450 Use, Total 14,649 14,793 15,080 15,030 Ending Stocks 2,293 2,140 1,736 1,781 Avg. Farm Price ($/bu) 4/ 3.36 3.36 3.20 - 4.00 3.25 - 3.95 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by -products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing - year weighted average pric e received by farmers. December 2018 WASDE - 584 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Nov Dec Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 6.7 5.6 5.8 5.8 Area Harvested (mil. acres) 6.2 5.0 5.1 5.1 Yield (bushels/acre) 77.9 72.1 71.4 71.4 Beginning Stocks 37 33 35 35 Production 480 364 364 364 Imports 2 2 0 0 Supply, Total 519 399 399 399 Feed and Residual 133 100 135 150 Food, Seed & Industrial 115 59 125 110 Total Domestic 247 159 260 260 Exports 238 205 100 100 Use, Total 485 364 360 360 Ending Stocks 33 35 39 39 Avg. Farm Price ($/bu) 2/ 2.79 3.22 3.00 - 3.80 3.05 - 3.75 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. November Decemb er Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.1 2.5 2.5 2.5 Area Harvested (mil. acres) 2.6 2.0 2.0 2.0 Yield (bushels/acre) 77.9 72.6 77.4 77.4 Beginning Stocks 102 106 94 94 Production 200 142 153 153 Imports 10 9 15 10 Supply, Total 312 257 263 258 Feed and Residual 39 1 15 15 Food, Seed & Industrial 162 157 155 155 Total Domestic 201 158 170 170 Exports 4 5 5 5 Use, Total 205 163 175 175 Ending Stocks 106 94 88 83 Avg. Farm Price ($/bu) 2/ 4.96 4.47 4.15 - 5.15 4.10 - 5.00 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. November Decemb er Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.8 2.6 2.7 2.7 Area Harvested (mil. acres) 1.0 0.8 0.9 0.9 Yield (bushels/acre) 66.0 61.7 64.9 64.9 Beginning Stocks 57 50 41 41 Production 65 49 56 56 Imports 90 89 95 95 Supply, Total 212 189 192 192 Feed and Residual 82 68 75 75 Food, Seed & Industrial 76 78 79 79 Total Domestic 158 146 154 154 Exports 3 2 2 2 Use, Total 161 148 156 156 Ending Stocks 50 41 36 36 Avg. Farm Price ($/bu) 2/ 2.06 2.59 2.40 - 3.00 2.40 - 2.90 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. December 2018 WASDE - 584 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Nov Dec Million Acres Area Planted 3.15 2.46 2.94 2.94 Area Harvested 3.10 2.37 2.90 2.90 Fil ler Pounds Yield per Harvested Acre 7,237 7,507 7,522 7,522 Million Hundredweight Beginning Stocks 2/ 46.5 46.0 29.4 29.4 Production 224.1 178.2 218.3 218.3 Imports 23.5 26.9 28.0 28.5 Supply, Total 294.1 251.2 275.7 276.2 Domestic & Residual 3/ 133.2 134.8 133.0 133.0 Exports, Total 4/ 114.8 87.0 96.0 99.0 Rough 40.4 28.6 32.0 32.0 Milled (rough equiv.) 74.4 58.4 64.0 67.0 Use, Total 248.0 221.8 229.0 232.0 Ending Stocks 46.0 29.4 46.7 44.2 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 10.40 12.70 11.50 - 12.50 11.60 - 12.60 Total LONG -GRAIN RICE 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. November Decemb er Harvested Acres (mil.) 2.40 1.75 Yield (pounds/acre) 6,927 7,314 Beginning Stocks 22.7 31.0 20.3 20.3 Production 166.5 127.9 158.6 158.6 Supply, Total 7/ 209.4 182.2 202.4 202.4 Domestic & Residual 3/ 101.8 98.6 103.0 103.0 Exports 8/ 76.6 63.3 67.0 67.0 Use, Total 178.4 161.9 170.0 170.0 Ending Stocks 31.0 20.3 32.4 32.4 Avg. Farm Price ($/cwt) 6/ 9.61 11.50 10.20 - 11.20 10.20 - 11.20 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. November Decemb er Harvested Acres (mil.) 0.69 0.63 Yield (pounds/acre) 8,311 8,048 Beginning Stocks 20.9 11.5 7.6 7.6 Production 57.7 50.4 59.7 59.7 Supply, Total 7/ 81.1 67.5 71.8 72.3 Domestic & Residual 3/ 31.4 36.2 30.0 30.0 Exports 8/ 38.2 23.7 29.0 32.0 Use, Total 69.6 59.9 59.0 62.0 Ending Stocks 11.5 7.6 12.8 10.3 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 13.10 16.20 15.60 - 16.60 16.00 - 17.00 California 10/ 14.10 18.70 17.30 - 18.30 17.80 - 18.80 Other States 1/ 10.10 11.70 11.60 - 12.60 11.70 - 12.70 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2015/16 -2.9; 2016/17 -3.5; 2017/18 -1.4. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and endin g stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farm ers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.65 per cwt from 2008/09 -2013/14, with a high of $3.50 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. December 2018 WASDE - 584 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Nov Dec Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 83.4 90.1 89.1 89.1 Area Harvested 82.7 89.5 88.3 88.3 Fil ler Bushels Yield per Harvested Acre 52.0 49.3 52.1 52.1 Million Bushels Beginning Stocks 197 302 438 438 Production 4,296 4,411 4,600 4,600 Imports 22 22 25 25 Supply, Total 4,515 4,734 5,063 5,063 Crushings 1,901 2,055 2,080 2,080 Exports 2,166 2,129 1,900 1,900 Seed 105 104 96 96 Residual 41 8 32 32 Use, Total 4,214 4,296 4,107 4,107 Ending Stocks 302 438 955 955 Avg. Farm Price ($/bu) 2/ 9.47 9.33 7.60 - 9.60 7.85 - 9.35 Total SOYBEAN OIL 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. November Decemb er Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,687 1,711 1,990 1,990 Production 4/ 22,123 23,767 24,025 24,025 Imports 319 335 300 300 Supply, Total 24,129 25,814 26,315 26,315 Domestic Disappearance 19,862 21,376 22,200 22,200 Biodiesel 3/ 6,200 7,134 7,800 7,800 Food, Feed & other Industrial 13,662 14,243 14,400 14,400 Exports 2,556 2,447 2,200 2,200 Use, Total 22,418 23,824 24,400 24,400 Ending stocks 1,711 1,990 1,915 1,915 Avg. Price (c/lb) 2/ 32.48 30.04 28.00 - 32.00 28.00 - 32.00 Total SOYBEAN MEAL 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. November Decemb er Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 264 401 553 553 Production 4/ 44,787 49,216 49,147 49,147 Imports 350 495 350 350 Supply, Total 45,400 50,112 50,050 50,050 Domestic Disappearance 33,420 34,733 35,850 35,850 Exports 11,580 14,826 13,750 13,750 Use, Total 45,000 49,559 49,600 49,600 Ending Stocks 401 553 450 450 Avg. Price ($/s.t.) 2/ 316.88 345.02 290.00 - 330.00 290.00 - 330.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received b y farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year cr ush of 2,079 million bushels for 2017/18 and 2,080 million bushels for 2018/19. December 2018 WASDE - 584 - 16 U.S. Sugar Supply and Use 1/ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Nov Dec Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 2,054 1,876 1,993 1,948 Production 2/ 8,969 9,293 9,015 8,941 Beet Sugar 5,103 5,279 4,974 4,900 Cane Sugar 3,866 4,014 4,041 4,041 Florida 2,055 1,983 2,050 2,050 Hawaii 43 0 0 0 Louisiana 1,628 1,862 1,841 1,841 Texas 140 169 150 150 Imports 3,244 3,277 2,801 3,080 TRQ 3/ 1,611 1,663 1,564 1,564 Other Program 4/ 419 326 350 350 Other 5/ 1,213 1,287 887 1,165 Mexico 1,201 1,223 842 1,120 Total Supply 14,267 14,445 13,809 13,969 Exports 95 170 85 35 Deliveries 12,258 12,185 12,320 12,270 Food 6/ 12,102 12,048 12,175 12,125 Other 7/ 156 137 145 145 Miscellaneous 38 142 0 0 Total Use 12,391 12,497 12,405 12,305 Ending Stocks 1,876 1,948 1,404 1,664 Stocks to Use Ratio 15.1 15.6 11.3 13.5 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2017/18 and 2018/19 are based on Crop Production and processor projections where appropriate. 3/ For 2017/18, WTO raw sugar TRQ shortfall (280) and for 2018/19 (99). 4/ Composed of sugar under the re - export and polyhydric alcohol programs. 5/ Imports from Mexico; and high- tier tariff sugar and syrups not otherwise specified -- for 2017/18 (64) and 2018/19 (45). 6/ After 2014/15, SMD deliveries for domestic human food use and for miscellaneous uses reported separately. 7/ Transfers accompanying deliveries for sugar- containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE -reported deliveries: 2016/17 -- 389; estimated 2017/18 -- 269; projected 2018/19 -- 346. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2017/18 Est. Nov 1,002 6,010 220 4,739 1,099 1,395 2017/18 Est. Dec 1,002 6,010 204 4,723 1,099 1,395 2018/19 Proj. Nov 1,395 6,025 115 4,893 1,028 1,613 2018/19 Proj. Dec 1,395 6,025 70 4,893 1,266 1,330 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): Oct -Sep 2016/17 = 1,522; Estimated 2017/18 = 1,593; Oct-Oct 2017 = 116; Projected 2018/19 = 1,593; Oct -Oct 2018 = 127. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2017/18 (482 est); 2018/19 (480). Other Deliveries/Ending Year Statistical Adjustments: 2017/18 (29), 2018/19 (13). December 2018 WASDE - 584 - 17 U.S. Cotton Supply and Use 1/ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Nov Dec Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 10.07 12.61 14.04 14.04 Harvested 9.51 11.10 10.37 10.37 Fil ler Pounds Yield per Harvested Acre 867 905 852 860 Million 480 Pound Bales Beginning Stocks 3.80 2.75 4.30 4.30 Production 17.17 20.92 18.41 18.59 Imports 0.01 0.00 0.01 0.01 Supply, Total 20.98 23.68 22.71 22.89 Domestic Use 3.25 3.23 3.30 3.30 Exports, Total 14.92 15.85 15.00 15.00 Use, Total 18.17 19.07 18.30 18.30 Unaccounted 2/ 0.06 0.30 0.11 0.19 Ending Stocks 2.75 4.30 4.30 4.40 Avg. Farm Price 3/ 68.0 68.6 71.00 - 77.00 71.00 - 77.00 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. December 2018 WASDE - 584 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 244.39 756.51 178.91 147.57 739.86 183.35 261.04 United States 26.55 62.83 3.21 4.37 31.86 28.60 32.13 Total Foreign 217.83 693.68 175.70 143.20 707.99 154.74 228.91 Major Exporters 4/ 25.34 227.73 5.95 65.87 151.40 84.05 23.56 Argentina 0.82 18.40 0.00 0.05 5.15 13.83 0.25 Australia 3.85 31.82 0.14 4.00 7.45 22.64 5.72 Canada 5.18 32.14 0.50 5.82 10.80 20.16 6.86 European Union 5/ 15.49 145.37 5.30 56.00 128.00 27.43 10.73 Major Importers 6/ 142.25 203.61 96.34 36.78 277.96 5.48 158.76 Brazil 1.00 6.73 7.35 0.80 12.20 0.62 2.26 China 97.00 133.27 4.41 17.00 119.00 0.75 114.93 Sel. Mideast 7/ 16.68 19.14 18.11 4.44 37.75 0.53 15.65 N. Africa 8/ 16.63 14.08 28.30 2.35 44.55 0.57 13.89 Pakistan 3.82 25.63 0.00 0.80 24.50 0.60 4.35 Southeast Asia 9/ 5.19 0.00 26.89 9.89 25.47 1.02 5.60 Selected Other India 14.54 87.00 5.90 4.70 97.12 0.52 9.80 FSU-12 16.98 130.09 7.24 27.62 78.65 54.42 21.23 Russia 5.61 72.53 0.50 17.00 40.00 27.81 10.83 Kazakhstan 2.60 14.99 0.08 2.10 6.90 7.40 3.36 Ukraine 3.35 26.79 0.04 3.60 10.30 18.11 1.77 2017/18 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 261.04 763.06 179.19 147.65 744.16 181.23 279.94 United States 32.13 47.35 4.28 1.36 29.33 24.52 29.91 Total Foreign 228.91 715.72 174.90 146.29 714.83 156.70 250.03 Major Exporters 4/ 23.56 221.05 6.43 66.31 152.78 71.24 27.01 Argentina 0.25 18.50 0.01 0.05 5.75 12.00 1.00 Australia 5.72 21.30 0.15 4.00 7.48 14.00 5.70 Canada 6.86 29.98 0.45 4.26 9.16 21.95 6.18 European Union 5/ 10.73 151.26 5.82 58.00 130.40 23.29 14.13 Major Importers 6/ 158.76 207.31 93.73 36.45 281.67 6.50 171.62 Brazil 2.26 4.26 7.02 0.50 12.00 0.23 1.31 China 114.93 134.33 4.00 17.50 121.00 1.00 131.26 Sel. Mideast 7/ 15.65 18.33 18.27 5.11 38.86 0.78 12.61 N. Africa 8/ 13.89 19.25 27.45 2.25 45.13 0.83 14.63 Pakistan 4.35 26.67 0.00 1.00 25.00 1.20 4.83 Southeast Asia 9/ 5.60 0.00 25.87 8.94 25.39 1.04 5.03 Selected Other India 9.80 98.51 1.17 5.00 95.83 0.44 13.20 FSU-12 21.23 142.35 8.22 30.71 81.81 69.12 20.86 Russia 10.83 84.99 0.47 20.00 43.00 41.42 11.87 Kazakhstan 3.36 14.80 0.10 2.10 6.90 9.00 2.37 Ukraine 1.77 26.98 0.06 3.30 9.80 17.78 1.24 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, K uwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2018 WASDE - 584 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Nov 279.00 733.51 175.81 140.96 745.80 178.79 266.71 Dec 279.94 733.41 175.79 141.96 745.25 177.36 268.10 United States Nov 29.91 51.29 3.81 2.99 31.27 27.90 25.84 Dec 29.91 51.29 3.81 2.99 31.27 27.22 26.52 Total Foreign Nov 249.09 682.23 172.00 137.97 714.53 150.89 240.88 Dec 250.03 682.13 171.98 138.97 713.98 150.14 241.58 Major Exporters 4/ Nov 27.01 206.10 7.11 62.10 148.30 72.70 19.22 Dec 27.01 205.90 7.11 62.90 149.10 70.70 20.22 Argentina Nov 1.00 19.50 0.01 0.10 5.80 14.20 0.51 Dec 1.00 19.50 0.01 0.10 5.80 14.20 0.51 Australia Nov 5.70 17.50 0.15 5.00 8.50 11.50 3.35 Dec 5.70 17.00 0.15 5.50 9.00 10.50 3.35 Canada Nov 6.18 31.50 0.45 4.00 9.00 24.00 5.13 Dec 6.18 31.80 0.45 4.30 9.30 24.00 5.13 European Union 5/ Nov 14.13 137.60 6.50 53.00 125.00 23.00 10.23 Dec 14.13 137.60 6.50 53.00 125.00 22.00 11.23 Major Importers 6/ Nov 171.62 206.61 91.41 35.68 284.76 6.55 178.33 Dec 171.62 206.71 91.41 35.88 284.96 6.25 178.53 Brazil Nov 1.31 4.80 7.50 0.50 12.10 0.30 1.21 Dec 1.31 4.80 7.50 0.50 12.10 0.30 1.21 China Nov 131.26 132.50 4.00 18.00 123.00 1.20 143.57 Dec 131.26 132.50 4.00 18.00 123.00 1.20 143.57 Sel. Mideast 7/ Nov 12.61 18.86 17.80 4.81 39.09 1.04 9.14 Dec 12.61 18.86 17.80 5.01 39.29 0.74 9.24 N. Africa 8/ Nov 14.63 21.18 25.70 2.25 45.90 0.69 14.93 Dec 14.63 21.18 25.70 2.25 45.90 0.69 14.93 Pakistan Nov 4.83 25.50 0.01 1.20 25.30 1.00 4.03 Dec 4.83 25.50 0.01 1.20 25.30 1.00 4.03 Southeast Asia 9/ Nov 5.03 0.00 25.00 7.94 25.14 1.06 3.83 Dec 5.03 0.00 25.00 7.94 25.14 1.06 3.83 Selected Other India Nov 13.20 99.70 0.20 5.00 98.00 0.50 14.60 Dec 13.20 99.70 0.20 5.00 98.00 0.50 14.60 FSU-12 Nov 19.86 124.48 8.16 27.76 78.44 61.03 13.04 Dec 20.86 124.48 8.16 27.76 78.44 62.53 12.54 Russia Nov 10.87 70.00 0.50 18.00 40.50 35.00 5.87 Dec 11.87 70.00 0.50 18.00 40.50 36.50 5.37 Kazakhstan Nov 2.37 15.00 0.06 2.20 7.00 8.50 1.93 Dec 2.37 15.00 0.06 2.20 7.00 8.50 1.93 Ukraine Nov 1.24 25.00 0.03 2.40 8.70 16.50 1.06 Dec 1.24 25.00 0.03 2.40 8.70 16.50 1.06 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, K uwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2018 WASDE - 584 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 349.47 1,413.71 172.63 823.03 1,378.73 198.62 384.45 United States 48.11 402.61 3.43 144.74 327.53 64.46 62.17 Total Foreign 301.36 1,011.10 169.20 678.30 1,051.20 134.16 322.29 Major Exporters 4/ 18.07 212.15 2.45 90.23 121.44 77.89 33.35 Argentina 3.27 48.57 0.01 10.77 16.04 29.11 6.70 Australia 1.50 17.27 0.00 4.22 6.09 10.02 2.65 Brazil 7.01 101.58 1.55 53.45 64.03 31.61 14.49 Canada 4.97 26.62 0.79 14.26 21.97 4.85 5.56 Major Importers 5/ 45.20 241.04 120.79 275.11 357.93 11.05 38.05 European Union 6/ 15.74 152.83 15.56 119.87 160.84 8.09 15.20 Japan 1.76 0.18 17.00 13.26 17.25 0.00 1.69 Mexico 5.84 33.26 15.29 27.95 46.85 1.54 6.00 N. Afr & Mideast 7/ 10.49 24.90 34.17 54.69 62.49 0.16 6.92 Saudi Arabia 4.40 0.25 11.53 13.22 13.62 0.00 2.56 Southeast Asia 8/ 4.37 29.35 13.68 34.97 42.94 1.27 3.19 South Korea 1.95 0.20 9.31 7.07 9.64 0.00 1.81 Selected Other China 213.33 270.93 16.06 196.90 275.95 0.11 224.25 FSU-12 6.32 92.74 0.76 41.04 56.36 36.53 6.92 Russia 1.67 40.77 0.28 22.48 32.08 8.57 2.07 Ukraine 3.17 39.22 0.04 9.06 12.53 26.90 3.00 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 384.45 1,357.30 187.83 834.43 1,372.45 186.06 369.31 United States 62.17 384.26 2.94 138.48 324.14 67.30 57.92 Total Foreign 322.29 973.05 184.90 695.95 1,048.31 118.77 311.39 Major Exporters 4/ 33.35 176.53 3.45 94.40 126.60 64.54 22.18 Argentina 6.70 39.32 0.01 10.88 16.41 26.11 3.51 Australia 2.65 11.91 0.00 3.94 5.81 6.84 1.91 Brazil 14.49 85.06 1.55 57.70 68.18 23.51 9.41 Canada 5.56 26.24 1.77 15.43 23.27 5.78 4.53 Major Importers 5/ 38.05 245.16 134.04 283.92 367.75 10.03 39.46 European Union 6/ 15.20 152.49 19.35 121.15 162.67 7.91 16.46 Japan 1.69 0.19 17.58 13.75 17.75 0.00 1.71 Mexico 6.00 33.07 16.38 29.20 48.21 0.96 6.29 N. Afr & Mideast 7/ 6.92 29.41 39.18 59.56 67.47 0.16 7.88 Saudi Arabia 2.56 0.36 12.10 12.34 12.90 0.00 2.12 Southeast Asia 8/ 3.19 29.37 14.72 35.87 43.96 1.01 2.31 South Korea 1.81 0.20 10.21 7.81 10.33 0.00 1.90 Selected Other China 224.25 266.57 16.54 199.22 284.08 0.06 223.22 FSU-12 6.92 88.79 0.76 39.12 54.18 36.49 5.80 Russia 2.07 41.71 0.14 21.57 31.02 11.49 1.42 Ukraine 3.00 34.07 0.05 8.02 11.40 23.00 2.72 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2018 WASDE - 584 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Nov 369.80 1,373.28 192.47 851.04 1,408.90 201.14 334.18 Dec 369.31 1,373.61 194.39 853.48 1,407.69 201.28 335.23 United States Nov 57.92 385.12 3.49 144.93 334.08 64.92 47.53 Dec 57.92 385.12 3.25 145.31 332.81 64.92 48.56 Total Foreign Nov 311.88 988.16 188.98 706.12 1,074.82 136.23 286.65 Dec 311.39 988.50 191.14 708.17 1,074.88 136.36 286.67 Major Exporters 4/ Nov 23.37 199.49 2.27 94.39 127.30 75.37 22.46 Dec 22.18 197.47 2.97 94.03 126.86 74.90 20.86 Argentina Nov 3.51 50.35 0.01 11.39 16.95 31.31 5.61 Dec 3.51 50.35 0.01 11.39 16.95 31.31 5.61 Australia Nov 1.67 11.10 0.00 2.44 4.29 7.57 0.91 Dec 1.91 10.85 0.00 2.64 4.49 7.12 1.16 Brazil Nov 10.86 97.49 1.55 58.59 70.04 29.02 10.84 Dec 9.41 97.42 1.55 58.59 70.04 29.02 9.33 Canada Nov 4.51 26.95 0.61 15.30 22.76 5.57 3.74 Dec 4.53 26.24 1.31 15.54 23.02 5.55 3.51 Major Importers 5/ Nov 38.51 239.93 137.84 290.61 374.06 9.71 32.50 Dec 39.46 240.80 139.74 293.26 376.76 9.23 34.01 European Union 6/ Nov 16.09 146.69 22.36 124.10 165.07 7.25 12.82 Dec 16.46 147.19 22.36 124.80 165.77 6.95 13.28 Japan Nov 1.71 0.18 16.77 13.22 17.21 0.00 1.45 Dec 1.71 0.18 17.27 13.52 17.51 0.00 1.65 Mexico Nov 6.02 31.49 17.31 30.62 49.84 1.50 3.48 Dec 6.29 31.69 17.31 30.72 49.94 1.30 4.05 N. Afr & Mideast 7/ Nov 7.81 31.66 37.75 60.72 68.69 0.20 8.33 Dec 7.88 31.66 38.05 61.07 69.04 0.20 8.34 Saudi Arabia Nov 2.12 0.34 13.01 13.25 13.78 0.00 1.70 Dec 2.12 0.34 13.01 13.25 13.78 0.00 1.70 Southeast Asia 8/ Nov 2.27 29.29 16.16 36.46 44.51 0.77 2.44 Dec 2.31 29.46 17.16 37.46 45.56 0.79 2.59 South Korea Nov 1.88 0.20 10.39 8.11 10.62 0.00 1.86 Dec 1.90 0.20 10.39 8.11 10.62 0.00 1.87 Selected Other China Nov 223.22 263.81 16.90 204.45 295.53 0.07 208.33 Dec 223.22 263.81 16.35 203.90 294.98 0.07 208.33 FSU-12 Nov 5.82 91.40 0.79 36.37 50.74 42.26 5.01 Dec 5.80 92.90 0.79 36.57 50.91 43.34 5.24 Russia Nov 1.44 34.73 0.18 18.68 27.63 7.74 0.98 Dec 1.42 34.73 0.18 18.68 27.53 7.78 1.02 Ukraine Nov 2.72 42.20 0.04 7.70 10.89 31.66 2.40 Dec 2.72 43.70 0.04 7.90 11.16 32.70 2.59 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2018 WASDE - 584 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 311.38 1,122.41 135.59 655.95 1,083.55 160.05 350.24 United States 44.12 384.78 1.45 138.94 313.83 58.27 58.25 Total Foreign 267.26 737.63 134.14 517.01 769.72 101.78 291.99 Major Exporters 4/ 9.31 157.05 0.87 65.96 84.36 59.88 22.99 Argentina 1.45 41.00 0.01 7.50 11.20 25.99 5.27 Brazil 6.77 98.50 0.85 51.00 60.50 31.60 14.02 South Africa 1.10 17.55 0.00 7.46 12.66 2.29 3.70 Major Importers 5/ 22.61 124.90 80.39 147.78 201.04 5.00 21.87 Egypt 2.22 6.00 8.77 12.70 15.10 0.01 1.89 European Union 6/ 6.93 61.88 14.97 55.00 74.00 2.19 7.60 Japan 1.35 0.00 15.17 11.60 15.20 0.00 1.32 Mexico 5.16 27.58 14.61 22.50 40.40 1.54 5.41 Southeast Asia 7/ 4.36 29.30 13.48 34.90 42.70 1.26 3.18 South Korea 1.94 0.08 9.22 7.03 9.44 0.00 1.80 Selected Other 0.00 Canada 2.45 13.89 0.71 7.50 12.95 1.52 2.57 China 212.02 263.61 2.46 185.00 255.00 0.08 223.02 FSU-12 2.60 47.79 0.35 17.67 20.51 27.16 3.07 Ukraine 1.39 27.97 0.03 5.10 6.50 21.33 1.55 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 350.24 1,076.18 149.71 670.09 1,086.23 148.02 340.20 United States 58.25 370.96 0.92 134.57 313.83 61.94 54.37 Total Foreign 291.99 705.22 148.79 535.53 772.39 86.08 285.83 Major Exporters 4/ 22.99 127.53 1.01 69.40 88.70 48.80 14.02 Argentina 5.27 32.00 0.01 8.00 11.90 23.00 2.38 Brazil 14.02 82.00 1.00 55.00 64.50 23.50 9.02 South Africa 3.70 13.53 0.00 6.40 12.30 2.30 2.62 Major Importers 5/ 21.87 125.42 88.50 154.40 208.25 3.72 23.82 Egypt 1.89 6.40 9.46 13.40 15.90 0.01 1.84 European Union 6/ 7.60 62.10 18.41 57.00 76.50 1.75 9.86 Japan 1.32 0.00 15.67 12.00 15.60 0.00 1.39 Mexico 5.41 27.45 16.13 24.30 42.30 0.96 5.73 Southeast Asia 7/ 3.18 29.32 14.40 35.80 43.60 1.00 2.30 South Korea 1.80 0.07 10.02 7.70 10.00 0.00 1.89 Selected Other 0.00 Canada 2.57 14.10 1.70 8.40 14.06 1.94 2.37 China 223.02 259.07 3.47 187.00 263.00 0.02 222.54 FSU-12 3.07 42.07 0.46 15.94 18.64 24.46 2.50 Ukraine 1.55 24.12 0.05 4.50 5.80 18.50 1.41 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting dis crepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra- trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2018 WASDE - 584 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Nov 340.92 1,098.95 157.16 696.67 1,132.36 165.64 307.51 Dec 340.20 1,099.91 159.74 698.74 1,131.31 166.46 308.80 United States Nov 54.37 371.52 1.27 139.71 320.82 62.23 44.10 Dec 54.37 371.52 1.14 139.71 319.55 62.23 45.25 Total Foreign Nov 286.55 727.44 155.89 556.96 811.54 103.41 263.41 Dec 285.83 728.40 158.60 559.03 811.76 104.23 263.56 Major Exporters 4/ Nov 15.52 150.00 1.01 71.10 91.50 58.90 16.12 Dec 14.02 149.00 1.01 70.30 90.60 58.90 14.52 Argentina Nov 2.38 42.50 0.01 8.50 12.40 28.00 4.48 Dec 2.38 42.50 0.01 8.50 12.40 28.00 4.48 Brazil Nov 10.52 94.50 1.00 56.00 66.50 29.00 10.52 Dec 9.02 94.50 1.00 56.00 66.50 29.00 9.02 South Africa Nov 2.62 13.00 0.00 6.60 12.60 1.90 1.12 Dec 2.62 12.00 0.00 5.80 11.70 1.90 1.02 Major Importers 5/ Nov 22.87 121.69 92.60 162.80 216.45 3.77 16.94 Dec 23.82 122.76 94.20 164.80 218.50 3.59 18.69 Egypt Nov 1.78 6.80 9.70 13.70 16.20 0.01 2.07 Dec 1.84 6.80 9.70 13.70 16.20 0.01 2.13 European Union 6/ Nov 9.50 59.50 21.00 63.50 82.50 1.50 6.00 Dec 9.86 60.40 21.00 64.00 83.00 1.50 6.76 Japan Nov 1.39 0.00 15.00 11.60 15.20 0.00 1.20 Dec 1.39 0.00 15.50 11.90 15.50 0.00 1.40 Mexico Nov 5.47 26.00 16.70 25.50 43.70 1.50 2.97 Dec 5.73 26.00 16.70 25.50 43.70 1.30 3.43 Southeast Asia 7/ Nov 2.26 29.24 16.00 36.40 44.30 0.76 2.43 Dec 2.30 29.41 17.00 37.40 45.35 0.78 2.58 South Korea Nov 1.88 0.08 10.20 8.00 10.30 0.00 1.85 Dec 1.89 0.08 10.20 8.00 10.30 0.00 1.86 Selected Other Canada Nov 2.37 14.50 0.50 8.30 13.70 1.60 2.07 Dec 2.37 13.90 1.20 8.50 13.90 1.60 1.97 China Nov 222.54 256.00 5.00 194.00 276.00 0.05 207.49 Dec 222.54 256.00 5.00 194.00 276.00 0.05 207.49 FSU-12 Nov 2.50 49.80 0.45 16.89 19.59 30.75 2.41 Dec 2.50 51.30 0.45 17.09 19.89 31.75 2.61 Ukraine Nov 1.41 33.50 0.03 5.30 6.60 27.00 1.33 Dec 1.41 35.00 0.03 5.50 6.90 28.00 1.53 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2018 WASDE - 584 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 142.37 490.82 41.29 483.77 47.25 149.43 United States 1.48 7.12 0.75 4.23 3.65 1.46 Total Foreign 140.90 483.70 40.54 479.54 43.61 147.96 Major Exporters 4/ 29.48 163.15 0.76 132.88 33.39 27.12 India 18.40 109.70 0.00 95.78 11.77 20.55 Pakistan 1.12 6.85 0.01 3.10 3.52 1.37 Thailand 8.40 19.20 0.25 12.00 11.62 4.24 Vietnam 1.56 27.40 0.50 22.00 6.49 0.97 Major Importers 5/ 10.04 66.54 11.90 77.56 1.22 9.71 Brazil 0.31 8.38 0.61 8.00 0.83 0.48 European Union 6/ 1.18 2.09 1.84 3.60 0.32 1.19 Indonesia 3.51 36.86 0.35 37.80 0.00 2.92 Nigeria 1.53 4.41 2.50 6.70 0.00 1.74 Philippines 2.12 11.69 1.10 12.90 0.00 2.00 Sel. Mideast 7/ 0.86 1.78 3.87 5.63 0.00 0.88 Selected Other 0.00 Burma 1.24 12.65 0.01 10.00 3.35 0.55 C. Amer & Carib 8/ 0.54 1.72 1.77 3.36 0.04 0.63 China 88.00 147.77 5.30 141.76 0.81 98.50 Egypt 0.92 4.80 0.10 4.30 0.10 1.43 Japan 2.55 7.93 0.71 8.73 0.05 2.41 Mexico 0.13 0.18 0.87 0.92 0.09 0.17 South Korea 1.83 4.20 0.41 4.65 0.00 1.78 2017/18 Est. Beginning Sto c ks Production Imports Total /2 Dom estic Exports Ending Sto c ks World 3/ 149.43 495.07 47.38 482.82 47.33 161.68 United States 1.46 5.66 0.85 4.28 2.76 0.93 Total Foreign 147.96 489.41 46.53 478.54 44.57 160.74 Major Exporters 4/ 27.12 169.20 0.65 134.86 33.90 28.21 India 20.55 112.91 0.00 98.66 12.20 22.60 Pakistan 1.37 7.45 0.00 3.20 4.30 1.32 Thailand 4.24 20.37 0.25 11.00 10.70 3.16 Vietnam 0.97 28.47 0.40 22.00 6.70 1.14 Major Importers 5/ 9.71 67.41 13.57 78.85 1.38 10.46 Brazil 0.48 8.21 0.68 8.00 0.95 0.41 European Union 6/ 1.19 2.00 2.00 3.70 0.35 1.14 Indonesia 2.92 37.00 2.15 38.00 0.00 4.06 Nigeria 1.74 4.66 2.00 7.10 0.00 1.30 Philippines 2.00 12.24 1.30 13.25 0.00 2.29 Sel. Mideast 7/ 0.88 1.93 3.70 5.75 0.00 0.76 Selected Other 0.00 Burma 0.55 13.20 0.01 10.10 2.80 0.86 C. Amer & Carib 8/ 0.63 1.62 1.66 3.25 0.04 0.62 China 98.50 148.87 5.50 142.49 1.39 109.00 Egypt 1.43 4.30 0.08 4.20 0.05 1.55 Japan 2.41 7.79 0.69 8.66 0.06 2.17 Mexico 0.17 0.18 0.85 0.92 0.10 0.19 South Korea 1.78 3.97 0.40 4.88 0.06 1.21 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU -28. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. December 2018 WASDE - 584 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Nov 160.71 490.70 46.32 488.39 48.91 163.02 Dec 161.68 491.14 45.26 489.56 48.11 163.25 United States Nov 0.93 6.93 0.89 4.22 3.05 1.48 Dec 0.93 6.93 0.91 4.22 3.14 1.40 Total Foreign Nov 159.78 483.77 45.44 484.16 45.86 161.54 Dec 160.74 484.21 44.36 485.34 44.96 161.85 Major Exporters 4/ Nov 27.94 168.67 0.65 135.55 34.75 26.96 Dec 28.21 168.17 0.65 135.95 34.05 27.03 India Nov 22.60 111.00 0.00 100.00 12.50 21.10 Dec 22.60 111.00 0.00 100.00 12.50 21.10 Pakistan Nov 1.32 7.40 0.00 3.25 4.25 1.22 Dec 1.32 7.40 0.00 3.25 4.25 1.22 Thailand Nov 2.99 21.20 0.25 10.20 11.00 3.24 Dec 3.16 20.70 0.25 10.50 10.30 3.31 Vietnam Nov 1.04 29.07 0.40 22.10 7.00 1.41 Dec 1.14 29.07 0.40 22.20 7.00 1.41 Major Importers 5/ Nov 9.97 66.55 14.50 79.40 1.29 10.33 Dec 10.46 67.59 13.45 79.70 1.29 10.50 Brazil Nov 0.43 8.16 0.65 8.03 0.85 0.37 Dec 0.41 8.16 0.65 8.03 0.85 0.34 European Union 6/ Nov 1.14 1.96 2.05 3.75 0.35 1.06 Dec 1.14 1.99 2.00 3.75 0.35 1.04 Indonesia Nov 3.91 37.30 1.20 38.30 0.00 4.11 Dec 4.06 37.30 0.80 38.10 0.00 4.06 Nigeria Nov 0.94 3.78 3.00 6.90 0.00 0.82 Dec 1.30 4.79 2.40 7.40 0.00 1.09 Philippines Nov 2.29 12.15 1.80 13.50 0.00 2.74 Dec 2.29 12.15 1.80 13.50 0.00 2.74 Sel. Mideast 7/ Nov 0.76 1.74 4.00 5.78 0.00 0.72 Dec 0.76 1.74 4.00 5.78 0.00 0.72 Selected Other Burma Nov 0.66 13.12 0.01 10.10 3.00 0.69 Dec 0.86 13.12 0.01 10.20 3.00 0.79 C. Amer & Carib 8/ Nov 0.62 1.75 1.91 3.56 0.03 0.68 Dec 0.62 1.70 1.86 3.46 0.03 0.68 China Nov 109.00 143.58 5.00 142.78 1.80 113.00 Dec 109.00 143.58 5.00 142.78 1.80 113.00 Egypt Nov 1.55 2.80 0.40 4.10 0.02 0.63 Dec 1.55 2.80 0.40 4.10 0.02 0.63 Japan Nov 2.17 7.70 0.69 8.60 0.07 1.88 Dec 2.17 7.70 0.69 8.60 0.07 1.88 Mexico Nov 0.19 0.18 0.88 0.94 0.09 0.22 Dec 0.19 0.18 0.88 0.94 0.09 0.22 South Korea Nov 1.21 3.88 0.41 4.67 0.05 0.77 Dec 1.21 3.87 0.41 4.67 0.05 0.76 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Ph ilippines, selected Middle East, and the EU -28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. December 2018 WASDE - 584 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2016/17 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 90.33 106.66 37.70 116.17 37.90 0.21 80.40 United States 3.80 17.17 0.01 3.25 14.92 0.06 2.75 Total Foreign 86.53 89.49 37.69 112.92 22.99 0.15 77.65 Major Exporters 4/ 19.55 50.72 3.63 32.27 19.78 0.01 21.86 Central Asia 5/ 2.35 5.99 3/ 2.83 3.32 0.00 2.18 Afr. Fr. Zone 6/ 1.16 5.12 3/ 0.14 4.60 0.01 1.53 S. Hemis 7/ 8.76 12.25 0.37 4.29 7.04 -0.02 10.06 Australia 1.88 4.05 3/ 0.04 3.73 -0.03 2.19 Brazil 5.71 7.02 0.19 3.20 2.79 0.00 6.93 India 7.04 27.00 2.74 24.35 4.55 0.00 7.88 Major Importers 8/ 65.27 35.86 31.91 76.71 2.03 0.14 54.17 Mexico 0.61 0.77 1.00 1.75 0.15 0.03 0.45 China 56.70 22.75 5.03 38.50 0.06 0.00 45.92 European Union 9/ 0.26 1.31 0.69 0.71 1.33 0.05 0.18 Turkey 1.53 3.20 3.68 6.55 0.33 0.00 1.53 Pakistan 2.62 7.70 2.45 10.30 0.13 0.03 2.32 Indonesia 0.53 0.01 3.39 3.30 0.01 0.00 0.62 Thailand 0.20 3/ 1.23 1.20 0.00 0.03 0.20 Bangladesh 1.52 0.13 6.80 6.80 0.00 0.01 1.63 Vietnam 0.78 3/ 5.50 5.40 0.00 0.00 0.88 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Use Exports Loss /2 Ending Sto c ks World 80.40 123.70 40.98 123.16 40.99 0.47 80.45 United States 2.75 20.92 3/ 3.23 15.85 0.30 4.30 Total Foreign 77.65 102.77 40.98 119.94 25.15 0.17 76.15 Major Exporters 4/ 21.86 56.88 2.47 33.30 21.73 0.02 26.15 Central Asia 5/ 2.18 6.51 3/ 3.38 2.60 0.00 2.72 Afr. Fr. Zone 6/ 1.53 5.49 3/ 0.14 5.09 0.00 1.80 S. Hemis 7/ 10.06 15.42 0.25 4.45 8.55 0.01 12.72 Australia 2.19 4.70 3/ 0.04 3.92 0.00 2.94 Brazil 6.93 9.22 0.08 3.40 4.17 0.00 8.66 India 7.88 29.00 1.68 24.70 5.18 0.00 8.68 Major Importers 8/ 54.17 42.95 35.86 82.58 2.34 0.15 47.91 Mexico 0.45 1.56 0.93 1.90 0.35 0.03 0.66 China 45.92 27.50 5.73 41.00 0.13 0.00 38.02 European Union 9/ 0.18 1.54 0.73 0.76 1.37 0.06 0.27 Turkey 1.53 4.00 4.02 7.35 0.33 0.00 1.88 Pakistan 2.32 8.20 3.30 10.80 0.16 0.03 2.83 Indonesia 0.62 3/ 3.50 3.50 0.01 0.00 0.62 Thailand 0.20 3/ 1.15 1.15 0.00 0.03 0.18 Bangladesh 1.63 0.14 7.60 7.50 0.00 0.01 1.86 Vietnam 0.88 3/ 6.90 6.60 0.00 0.00 1.19 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cot e d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includ es intra -EU trade. December 2018 WASDE - 584 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2018/19 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Nov 80.39 119.39 41.11 126.88 41.13 0.27 72.61 Dec 80.45 118.74 41.71 125.63 41.73 0.35 73.19 United States Nov 4.30 18.41 0.01 3.30 15.00 0.11 4.30 Dec 4.30 18.59 0.01 3.30 15.00 0.19 4.40 Total Foreign Nov 76.09 100.98 41.11 123.58 26.13 0.16 68.31 Dec 76.15 100.15 41.71 122.33 26.73 0.16 68.79 filler filler filler filler filler filler filler Major Exporters 4/ Nov 26.10 54.44 2.22 34.45 21.97 0.02 26.31 Dec 26.15 54.91 2.32 34.30 22.57 0.02 26.50 Central Asia 5/ Nov 2.66 5.67 3/ 3.76 2.11 0.00 2.46 Dec 2.72 5.47 3/ 3.61 2.21 0.00 2.37 Afr. Fr. Zone 6/ Nov 1.80 5.73 3/ 0.14 5.35 0.00 2.05 Dec 1.80 5.86 3/ 0.14 5.45 0.00 2.07 S. Hemis 7/ Nov 12.72 14.46 0.22 4.57 9.86 0.01 12.95 Dec 12.72 15.51 0.22 4.57 10.16 0.01 13.70 Australia Nov 2.94 2.50 3/ 0.04 3.70 0.00 1.71 Dec 2.94 2.50 3/ 0.04 3.60 0.00 1.81 Brazil Nov 8.66 10.00 0.08 3.50 5.50 0.00 9.73 Dec 8.66 11.00 0.08 3.50 5.80 0.00 10.43 India Nov 8.68 28.00 1.50 25.30 4.30 0.00 8.58 Dec 8.68 27.50 1.60 25.30 4.40 0.00 8.08 filler filler filler filler filler filler filler Major Importers 8/ Nov 47.91 43.53 36.40 85.04 2.84 0.14 39.82 Dec 47.91 42.23 36.80 83.94 2.84 0.14 40.02 Mexico Nov 0.66 1.73 0.90 1.90 0.60 0.03 0.76 Dec 0.66 1.73 0.90 1.95 0.60 0.03 0.71 China Nov 38.02 27.50 7.00 42.50 0.15 0.00 29.87 Dec 38.02 27.00 7.00 41.50 0.15 0.00 30.37 European Union 9/ Nov 0.27 1.66 0.71 0.75 1.53 0.05 0.32 Dec 0.27 1.66 0.71 0.75 1.53 0.05 0.32 Turkey Nov 1.88 4.50 2.90 7.10 0.40 0.00 1.78 Dec 1.88 4.30 2.90 7.00 0.40 0.00 1.68 Pakistan Nov 2.83 8.00 2.60 10.80 0.15 0.03 2.46 Dec 2.83 7.40 2.90 10.60 0.15 0.03 2.36 Indonesia Nov 0.62 3/ 3.65 3.55 0.01 0.00 0.71 Dec 0.62 3/ 3.65 3.60 0.01 0.00 0.66 Thailand Nov 0.18 3/ 1.13 1.10 0.00 0.03 0.18 Dec 0.18 3/ 1.18 1.15 0.00 0.03 0.18 Bangladesh Nov 1.86 0.14 8.10 8.00 0.00 0.01 2.08 Dec 1.86 0.14 8.10 8.00 0.00 0.01 2.08 Vietnam Nov 1.19 3/ 7.60 7.50 0.00 0.00 1.29 Dec 1.19 3/ 7.60 7.50 0.00 0.00 1.29 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3 / Less than 5,000 bales. 4/ Incl udes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. December 2018 WASDE - 584 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 81.05 349.30 144.37 287.42 329.68 147.50 97.53 United States 5.35 116.92 0.61 51.74 55.71 58.96 8.21 Total Foreign 75.69 232.38 143.77 235.68 273.97 88.54 89.32 Major Exporters 3/ 52.49 183.15 1.98 87.55 95.40 79.52 62.71 Argentina 33.65 55.00 1.67 43.31 47.83 7.03 35.46 Brazil 18.76 114.60 0.25 40.41 43.66 63.14 26.81 Paraguay 0.03 10.34 0.01 3.75 3.81 6.13 0.44 Major Importers 4/ 19.98 17.54 122.63 113.10 136.57 0.39 23.19 China 17.14 13.64 93.50 88.00 103.50 0.11 20.66 European Union 1.56 2.41 13.44 14.40 16.04 0.22 1.15 Japan 0.26 0.24 3.18 2.39 3.46 0.00 0.22 Mexico 0.15 0.52 4.13 4.60 4.64 0.00 0.16 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ 97.53 339.47 153.54 295.24 336.08 153.16 101.30 United States 8.21 120.04 0.59 55.93 58.97 57.95 11.92 Total Foreign 89.32 219.43 152.94 239.31 277.10 95.22 89.37 Major Exporters 3/ 62.71 169.24 5.24 85.36 91.58 85.76 59.86 Argentina 35.46 37.80 5.05 36.98 41.68 2.11 34.52 Brazil 26.81 120.30 0.18 44.50 45.94 76.20 25.15 Paraguay 0.44 9.81 0.01 3.80 3.87 6.20 0.18 Major Importers 4/ 23.19 19.24 124.72 116.11 140.43 0.48 26.24 China 20.66 15.20 94.13 90.00 106.30 0.15 23.54 European Union 1.15 2.67 14.58 14.95 16.60 0.28 1.53 Japan 0.22 0.25 3.26 2.35 3.51 0.00 0.22 Mexico 0.16 0.43 4.87 5.25 5.29 0.00 0.18 2018/19 Proj. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ Nov 99.69 367.50 152.27 307.60 351.94 155.44 112.08 Dec 101.30 369.20 152.46 308.19 351.53 156.09 115.33 United States Nov 11.92 125.18 0.68 56.61 60.08 51.71 26.00 Dec 11.92 125.18 0.68 56.61 60.08 51.71 26.00 Total Foreign Nov 87.77 242.32 151.59 251.00 291.86 103.73 86.09 Dec 89.37 244.02 151.78 251.58 291.45 104.38 89.34 Major Exporters 3/ Nov 58.03 188.30 4.41 89.73 98.03 93.32 59.38 Dec 59.86 189.80 4.41 89.68 96.98 94.17 62.92 Argentina Nov 34.24 55.50 4.20 43.00 47.92 8.00 38.02 Dec 34.52 55.50 4.20 43.00 47.92 5.00 41.30 Brazil Nov 23.55 120.50 0.20 42.70 46.00 77.00 21.25 Dec 25.15 122.00 0.20 42.70 45.00 81.00 21.35 Paraguay Nov 0.23 9.80 0.01 3.95 4.03 5.90 0.11 Dec 0.18 9.80 0.01 3.90 3.98 5.80 0.21 Major Importers 4/ Nov 26.59 19.97 123.42 121.03 146.56 0.45 22.96 Dec 26.24 19.97 123.33 121.03 146.41 0.43 22.69 China Nov 23.54 16.00 90.00 92.50 109.60 0.10 19.84 Dec 23.54 16.00 90.00 92.50 109.60 0.10 19.84 European Union Nov 1.87 2.70 15.80 16.60 18.25 0.30 1.82 Dec 1.53 2.70 15.80 16.60 18.25 0.28 1.50 Japan Nov 0.22 0.26 3.30 2.35 3.52 0.00 0.26 Dec 0.22 0.26 3.30 2.35 3.52 0.00 0.26 Mexico Nov 0.18 0.34 5.00 5.30 5.34 0.00 0.18 Dec 0.18 0.34 5.03 5.30 5.34 0.00 0.21 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). December 2018 WASDE - 584 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.42 225.56 60.41 221.78 64.57 13.03 United States 0.24 40.63 0.32 30.32 10.51 0.36 Total Foreign 13.18 184.93 60.10 191.47 54.07 12.67 Major Exporters 3/ 7.07 71.76 0.05 24.55 47.09 7.24 Argentina 4.23 33.28 0.00 2.85 31.32 3.34 Brazil 2.71 31.28 0.04 16.94 13.76 3.32 India 0.13 7.20 0.01 4.75 2.01 0.58 Major Importers 4/ 2.21 16.08 36.49 52.38 0.53 1.86 European Union 0.89 11.38 18.79 30.24 0.33 0.49 Southeast Asia 5/ 1.23 2.90 16.07 18.72 0.20 1.28 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 13.03 232.39 60.39 228.95 64.46 12.41 United States 0.36 44.65 0.45 31.51 13.45 0.50 Total Foreign 12.67 187.75 59.94 197.44 51.01 11.91 Major Exporters 3/ 7.24 68.67 0.03 25.46 43.26 7.22 Argentina 3.34 28.01 0.00 3.00 25.35 3.00 Brazil 3.32 34.50 0.02 17.71 16.07 4.06 India 0.58 6.16 0.01 4.75 1.84 0.16 Major Importers 4/ 1.86 16.37 37.02 53.17 0.64 1.44 European Union 0.49 11.81 18.37 30.04 0.39 0.23 Southeast Asia 5/ 1.28 2.78 16.92 19.62 0.25 1.11 2018/19 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Nov 12.30 241.88 62.23 238.09 66.21 12.10 Dec 12.41 242.34 62.53 238.89 66.26 12.14 United States Nov 0.50 44.59 0.32 32.52 12.47 0.41 Dec 0.50 44.59 0.32 32.52 12.47 0.41 Total Foreign Nov 11.80 197.29 61.91 205.57 53.74 11.69 Dec 11.91 197.76 62.21 206.37 53.79 11.73 Major Exporters 3/ Nov 7.17 73.51 0.04 26.97 46.53 7.23 Dec 7.22 73.67 0.04 27.27 46.53 7.14 Argentina Nov 3.00 33.05 0.00 3.19 29.80 3.07 Dec 3.00 33.05 0.00 3.19 29.80 3.07 Brazil Nov 4.07 33.10 0.03 18.13 15.23 3.84 Dec 4.06 33.10 0.03 18.13 15.23 3.83 India Nov 0.11 7.36 0.02 5.65 1.50 0.33 Dec 0.16 7.52 0.02 5.95 1.50 0.25 Major Importers 4/ Nov 1.41 18.22 37.12 54.85 0.53 1.37 Dec 1.44 18.22 37.32 55.00 0.53 1.44 European Union Nov 0.27 13.11 18.50 31.34 0.30 0.24 Dec 0.23 13.11 18.50 31.29 0.30 0.26 Southeast Asia 5/ Nov 1.05 3.33 16.85 19.97 0.23 1.03 Dec 1.11 3.33 17.05 20.17 0.23 1.09 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. December 2018 WASDE - 584 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 3.76 53.72 10.84 53.41 11.25 3.66 United States 0.77 10.04 0.15 9.01 1.16 0.78 Total Foreign 3.00 43.68 10.69 44.41 10.09 2.88 Major Exporters 3/ 0.71 18.89 0.35 11.76 7.45 0.74 Argentina 0.26 8.40 0.00 2.99 5.39 0.28 Brazil 0.29 7.76 0.06 6.57 1.24 0.29 European Union 0.16 2.74 0.29 2.21 0.82 0.16 Major Importers 4/ 1.29 17.89 5.80 23.57 0.21 1.21 China 0.66 15.77 0.71 16.35 0.12 0.67 India 0.47 1.62 3.53 5.20 0.00 0.43 North Africa 5/ 0.16 0.50 1.56 2.02 0.09 0.12 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 3.66 55.23 9.84 54.59 10.41 3.73 United States 0.78 10.78 0.15 9.70 1.11 0.90 Total Foreign 2.88 44.45 9.68 44.89 9.30 2.82 Major Exporters 3/ 0.74 18.69 0.33 12.30 6.55 0.91 Argentina 0.28 7.31 0.00 3.16 4.13 0.31 Brazil 0.29 8.54 0.05 6.92 1.51 0.45 European Union 0.16 2.84 0.28 2.23 0.90 0.16 Major Importers 4/ 1.21 18.22 5.06 23.36 0.20 0.94 China 0.67 16.13 0.55 16.55 0.14 0.65 India 0.43 1.39 2.98 4.62 0.01 0.17 North Africa 5/ 0.12 0.71 1.53 2.19 0.05 0.12 2018/19 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Nov 3.70 57.44 10.69 56.98 11.21 3.64 Dec 3.73 57.54 10.74 57.05 11.23 3.73 United States Nov 0.90 10.90 0.14 10.07 1.00 0.87 Dec 0.90 10.90 0.14 10.07 1.00 0.87 Total Foreign Nov 2.80 46.54 10.56 46.91 10.21 2.77 Dec 2.82 46.64 10.60 46.98 10.23 2.86 Major Exporters 3/ Nov 0.90 19.74 0.25 12.57 7.45 0.88 Dec 0.91 19.74 0.25 12.52 7.45 0.93 Argentina Nov 0.31 8.39 0.00 3.28 5.10 0.32 Dec 0.31 8.39 0.00 3.28 5.10 0.32 Brazil Nov 0.45 8.20 0.05 7.04 1.35 0.31 Dec 0.45 8.20 0.05 6.99 1.35 0.36 European Union Nov 0.15 3.15 0.20 2.26 1.00 0.25 Dec 0.16 3.15 0.20 2.26 1.00 0.26 Major Importers 4/ Nov 0.94 18.98 5.86 24.62 0.22 0.93 Dec 0.94 19.02 5.84 24.65 0.22 0.93 China Nov 0.62 16.58 0.80 17.40 0.13 0.47 Dec 0.65 16.58 0.80 17.40 0.13 0.51 India Nov 0.19 1.66 3.40 4.90 0.01 0.34 Dec 0.17 1.69 3.40 4.95 0.01 0.31 North Africa 5/ Nov 0.13 0.75 1.66 2.32 0.09 0.13 Dec 0.12 0.75 1.64 2.30 0.09 0.12 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tunisia. December 2018 WASDE - 584 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2017 IV 6,742 6,796 13,595 10,472 1,533 12,139 25,734 2,235 53.1 Annual 26,187 25,584 51,991 41,662 5,981 48,178 100,169 8,808 215.5 2018 I 6,465 6,645 13,167 10,385 1,452 11,962 25,129 2,186 54.4 II 6,724 6,325 13,105 10,685 1,477 12,301 25,406 2,230 55.8 III 6,820 6,315 13,191 10,940 1,431 12,515 25,706 2,265 54.0 IV* 6,930 7,025 14,013 10,660 1,530 12,327 26,340 2,305 53.6 Annual Nov Proj. 26,914 26,320 53,459 42,649 5,875 49,067 102,526 9,001 217.9 Dec Proj. 26,939 26,310 53,475 42,670 5,890 49,105 102,580 8,986 217.8 2019 I* 6,565 6,850 13,474 10,500 1,465 12,092 25,566 2,230 54.8 II* 6,975 6,605 13,638 10,800 1,460 12,401 26,039 2,255 56.6 III* 7,170 6,760 13,985 11,050 1,460 12,652 26,637 2,290 54.7 Annual Nov Proj. 27,810 27,715 55,749 43,370 5,905 49,821 105,570 9,140 220.9 Dec Proj. 27,785 27,715 55,730 43,250 5,905 49,701 105,431 9,120 220.6 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2017 IV 117.88 44.89 86.1 88.0 147.0 17.83 Annual 121.52 50.48 93.5 96.1 100.9 17.65 2018 I 125.60 49.12 95.7 79.4 179.6 15.67 II 116.72 47.91 115.1 79.6 124.4 16.10 III 110.83 43.90 93.7 80.4 120.8 16.00 IV* 113-116 42-43 85-86 81-82 124-127 16.90 -17.10 Annual Nov Proj. 116.79 45.48 97.4 80.8 141.2 16.20 -16.30 Dec Proj. 116.91 45.86 97.5 80.2 137.6 16.15 -16.25 2019 I* 119-125 40-42 92-96 75-79 117-123 16.30 -16.80 II* 118-128 42-46 100-108 79-85 110-120 16.00 -16.80 III* 109-119 44-48 91-99 84-90 120-130 16.25 -17.25 Annual Nov Proj. 114-122 40-43 92-99 81-88 119-128 16.70 -17.60 Dec Proj. 114-122 41-44 92-99 81-88 119-128 16.40 -17.20 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs , hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. December 2018 WASDE - 584 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2017 757 26,250 2,993 30,000 2,860 649 26,492 56.9 2018 Proj. Nov 649 26,977 3,014 30,639 3,190 685 26,764 57.0 Dec 649 27,002 3,004 30,654 3,190 685 26,779 57.1 2019 Proj. Nov 685 27,873 3,060 31,618 3,265 690 27,663 58.5 Dec 685 27,848 3,020 31,553 3,265 690 27,598 58.3 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2017 507 25,598 1,116 27,221 5,632 554 21,035 50.1 2018 Proj. Nov 554 26,333 1,059 27,947 5,984 525 21,438 50.6 Dec 554 26,323 1,059 27,937 5,984 525 21,428 50.6 2019 Proj. Nov 525 27,729 1,060 29,314 6,200 560 22,554 52.8 Dec 525 27,729 1,060 29,314 6,450 560 22,304 52.3 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2017 1,304 52,078 4,361 57,744 8,497 1,246 48,000 108.2 2018 Proj. Nov 1,246 53,547 4,346 59,139 9,180 1,259 48,700 109.0 Dec 1,246 53,563 4,341 59,150 9,180 1,261 48,709 109.1 2019 Proj. Nov 1,259 55,837 4,399 61,495 9,473 1,299 50,723 112.6 Dec 1,261 55,818 4,359 61,438 9,723 1,298 50,417 111.9 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2017 778 41,217 126 42,120 6,791 856 34,473 90.8 2018 Proj. Nov 856 42,193 137 43,186 6,916 950 35,320 92.4 Dec 856 42,213 137 43,206 7,056 925 35,225 92.1 2019 Proj. Nov 950 42,906 137 43,993 7,045 895 36,053 93.5 Dec 925 42,787 137 43,849 7,085 895 35,869 93.0 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2017 279 5,981 25 6,284 622 310 5,352 16.4 2018 Proj. Nov 310 5,875 21 6,205 586 300 5,319 16.2 Dec 310 5,890 21 6,220 596 300 5,324 16.2 2019 Proj. Nov 300 5,905 20 6,225 585 310 5,330 16.1 Dec 300 5,905 20 6,225 595 310 5,320 16.1 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2017 1,065 47,732 154 48,950 7,544 1,170 40,236 108.5 2018 Proj. Nov 1,170 48,610 160 49,940 7,591 1,255 41,095 109.9 Dec 1,170 48,647 160 49,978 7,741 1,230 41,007 109.7 2019 Proj. Nov 1,255 49,356 161 50,772 7,734 1,212 41,826 110.9 Dec 1,230 49,238 161 50,629 7,784 1,212 41,633 110.4 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2017 2,369 99,810 4,515 106,694 16,041 2,416 88,237 216.8 2018 Proj. Nov 2,416 102,157 4,506 109,079 16,771 2,514 89,794 219.0 Dec 2,416 102,210 4,501 109,128 16,921 2,491 89,716 218.8 2019 Proj. Nov 2,514 105,193 4,560 112,267 17,207 2,511 92,549 223.6 Dec 2,491 105,055 4,520 112,066 17,507 2,510 92,049 222.4 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready -to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. December 2018 WASDE - 584 - 33 U.S. Egg Supply and Use Commodity 2016 2017 2018 Proj. 2018 Proj. 2019 Proj. 2019 Proj. Nov Dec Nov Dec Eggs Million Dozen Supply Beginning Stocks 73.6 142.2 87.5 87.5 70.0 70.0 Production 8,578.7 8,807.8 9,000.6 8,985.6 9,140.0 9,120.0 Imports 129.5 34.2 21.6 18.6 27.0 23.0 Total Supply 8,781.8 8,984.1 9,109.7 9,091.7 9,237.0 9,213.0 Use Exports 304.2 354.9 334.1 334.1 340.0 340.0 Hatching Use 1,009.6 1,034.9 1,054.2 1,059.2 1,085.0 1,085.0 Ending Stocks 142.2 87.5 70.0 70.0 80.0 80.0 Disappearance Total 7,325.8 7,506.9 7,651.4 7,628.4 7,732.0 7,708.0 Per Capita (number) 271.6 276.3 279.5 278.8 280.1 279.2 Total U.S. Milk Supply and Use Commodity 2016 2017 2018 Proj. 2018 Proj. 2019 Proj. 2019 Proj. Nov Dec Nov Dec Milk Billion Pounds Production 212.4 215.5 217.9 217.8 220.9 220.6 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 12.3 12.7 13.4 13.4 13.9 14.1 Marketings 211.4 214.5 216.9 216.8 219.9 219.6 Imports 6.9 6.0 6.3 6.5 6.2 6.7 Total Cml. Supply 230.7 233.2 236.7 236.7 240.0 240.4 Fat Basis Use Commercial Exports 8.4 9.2 10.5 10.6 9.8 10.0 Ending Commercial Stocks 12.7 13.4 13.9 14.1 12.6 13.7 CCC Donations 0.0 0.0 0.0 0.0 0.3 0.3 Domestic Commercial Use 209.6 210.5 212.3 212.0 217.3 216.3 Skim -solid Basis Supply Beg. Commercial Stocks 9.2 9.5 11.8 11.8 10.7 10.7 Marketings 211.4 214.5 216.9 216.8 219.9 219.6 Imports 6.5 6.1 5.4 5.4 5.3 5.2 Total Cml. Supply 227.1 230.1 234.1 234.0 235.9 235.5 Skim -solid Basis Use Commercial Exports 39.1 40.7 45.1 45.2 44.1 44.1 Ending Commercial Stocks 9.5 11.8 10.7 10.7 10.5 10.4 CCC Donations 0.0 0.0 0.0 0.0 0.2 0.2 Domestic Commercial Use 178.5 177.6 178.2 178.0 181.2 180.9 Total Note: Totals may not add due to rounding. December 2018 WASDE - 584 - 34 U.S. Dairy Prices Commodity 2016 2017 2018 Proj. 2018 Proj. 2019 Proj. 2019 Proj. Nov Dec Nov Dec Product Prices 1/ Dollars Per Pound Cheese 1.6050 1.6344 1.535 - 1.545 1.530 - 1.540 1.560 - 1.650 1.495 - 1.575 Butter 2.0777 2.3303 2.240 - 2.270 2.240 - 2.270 2.200 - 2.320 2.200 - 2.310 Nonfat Dry Milk 0.8292 0.8666 0.785 - 0.805 0.785 - 0.805 0.830 - 0.900 0.835 - 0.895 Dry Whey 0.2875 0.4437 0.335 - 0.345 0.335 - 0.345 0.390 - 0.420 0.405 - 0.435 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 14.87 16.17 14.60 - 14.70 14.50 - 14.60 15.15 - 16.05 14.65 - 15.45 Class IV 13.77 15.16 14.10 - 14.30 14.10 - 14.30 14.35 - 15.35 14.40 - 15.30 All Milk 3/ 16.30 17.65 16.20 - 16.30 16.15 - 16.25 16.70 - 17.60 16.40 - 17.20 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated pla nts for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . December 2018 WASDE - 584 - 35 Reliability of December Projections 1/ Note: Tables on pages 35 -37 present a record of the December projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0.8 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 1.4 percent. The average difference between the De cember projection and the final estimate is 4 million tons, ranging from 0.4 million to 10.2 million tons. The December projection has been below the estimate 28 times and above 9 times . Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 0.8 1.4 4.0 0.4 10.2 28 9 U.S. 0.4 0.7 0.2 0.0 1.2 17 14 Foreign 0.9 1.6 3.9 0.3 10.3 28 9 Exports World 5.2 8.9 5.4 0.1 18.3 30 7 U.S. 5.9 9.9 1.6 0.2 3.9 20 17 Foreign 6.5 11.0 5.3 0.5 17.9 33 4 Domestic Use World 1.2 2.1 5.5 0.1 16.7 21 16 U.S. 6.0 10.1 1.6 0.1 3.6 10 27 Foreign 1.3 2.2 5.5 0.1 16.1 25 12 Ending Stocks World 5.6 9.5 6.9 0.9 19.4 27 10 U.S. 10.7 18.1 1.8 0.1 7.0 25 12 Foreign 5.7 9.7 5.7 0.4 19.3 26 11 COARSE GRAINS 2/ Production World 1.5 2.5 12.2 0.0 36.0 27 10 U.S. 1.3 2.2 2.3 0.0 7.5 19 18 Foreign 2.0 3.5 12.3 0.3 37.5 26 11 Exports World 6.8 11.5 6.5 0.1 33.3 27 10 U.S. 15.4 26.2 5.5 0.1 12.8 17 20 Foreign 12.0 20.3 6.8 0.0 27.1 24 12 Domestic Use World 1.3 2.1 9.9 0.3 36.5 22 15 U.S. 3.6 6.1 4.9 0.1 17.9 17 20 Foreign 1.5 2.5 9.3 0.3 36.9 24 13 Ending Stocks World 11.4 19.4 15.7 1.0 137.6 30 7 U.S. 19.1 32.4 7.3 0.7 23.9 19 18 Foreign 14.8 25.2 14.1 0.1 143.9 30 7 RICE, milled Production World 2.0 3.3 5.7 0.0 16.2 30 7 U.S. 2.9 4.9 0.1 0.0 0.5 18 14 Foreign 2.0 3.4 5.7 0.1 16.2 31 6 Exports World 9.3 15.8 1.7 0.1 6.1 29 8 U.S. 8.1 13.7 0.2 0.0 0.6 19 16 Foreign 10.5 17.8 1.7 0.0 6.0 27 10 Domestic Use World 1.6 2.7 3.8 0.0 15.9 26 11 U.S. 7.9 13.4 0.2 0.0 0.6 18 19 Foreign 1.6 2.7 3.8 0.0 16.1 26 11 Ending Stocks World 10.8 18.4 5.7 0.1 27.9 30 7 U.S. 21.5 36.6 0.2 0.0 0.8 20 17 Foreign 11.1 18.9 5.7 0.2 27.7 30 7 1/ Footnotes at end of table. CONTINUED December 2018 WASDE - 584 - 36 Reliability of December Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 3.8 6.5 5.5 0.1 23.8 21 16 U.S. 2.0 3.4 1.1 0.1 2.7 15 22 Foreign 6.3 10.7 5.6 0.1 25.1 18 19 Exports World 6.9 11.6 3.1 0.1 13.1 23 14 U.S. 9.2 15.5 2.1 0.1 6.4 22 15 Foreign 17.7 30.0 2.8 0.0 11.4 19 18 Domestic Use World 2.8 4.7 3.9 0.0 13.2 20 17 U.S. 3.5 6.0 1.3 0.0 3.6 24 13 Foreign 3.4 5.7 3.6 0.2 11.9 21 16 Ending Stocks World 15.6 26.5 4.4 0.1 18.5 22 15 U.S. 44.8 76.1 2.1 0.2 7.3 10 27 Foreign 17.2 29.2 3.9 0.1 18.3 23 14 COTTON Million 480 -Pound Bales Production World 3.2 5.4 2.4 0.0 7.2 21 15 U.S. 2.1 3.5 0.3 0.0 0.8 18 18 Foreign 3.8 6.4 2.3 0.0 7.1 20 16 Exports World 7.1 12.0 1.9 0.1 9.0 23 14 U.S. 13.9 23.6 0.9 0.0 3.0 24 13 Foreign 9.1 15.5 1.4 0.0 8.3 20 16 Domestic Use World 2.8 4.8 2.2 0.1 8.2 19 18 U.S. 6.1 10.3 0.3 0.0 1.0 19 17 Foreign 2.9 4.9 2.1 0.1 7.9 21 16 Ending Stocks World 11.2 19.0 4.3 0.5 12.0 21 16 U.S. 28.3 48.0 1.1 0.1 3.2 10 27 Foreign 11.8 20.1 4.0 0.1 12.1 25 12 1/ Marketing years 1981/82 through 2017/18 for grains, soybeans and cotton. Final for grains, soybeans and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2017/18. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. December 2018 WASDE - 584 - 37 Reliability of United States December Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 1.3 2.2 86 0 250 19 17 Exports 16.1 27.4 195 9 513 17 20 Domestic Use 3.8 6.5 187 14 574 21 16 Ending Stocks 22.0 37.3 287 16 986 19 18 SORGHUM Production 4.2 7.1 15 1 53 19 18 Exports 17.6 29.9 29 0 123 24 12 Domestic Use 19.2 32.6 36 0 127 16 20 Ending Stocks 45.6 77.4 25 1 104 14 23 BARLEY Production 1.5 2.6 4 0 24 15 10 Exports 30.4 51.6 9 0 37 13 21 Domestic Use 7.6 13.0 17 0 70 13 23 Ending Stocks 13.4 22.8 13 0 39 26 9 OATS Production 1.1 1.9 2 0 18 7 9 Exports 72.9 123.8 1 0 7 9 10 Domestic Use 5.3 9.0 12 1 39 15 22 Ending Stocks 20.6 34.9 14 1 52 24 13 SOYBEAN MEAL Thousand Short Tons Production 3.6 6.0 1,060 152 3,117 23 14 Exports 11.4 19.3 742 100 2,850 22 15 Domestic Use 3.2 5.5 697 50 2,293 19 18 Ending Stocks 34.5 58.5 65 0 253 16 19 SOYBEAN OIL Million Pounds Production 3.5 6.0 467 43 1,530 25 12 Exports 26.9 45.6 324 0 1,325 20 15 Domestic Use 3.7 6.3 447 25 1,761 23 14 Ending Stocks 21.7 36.9 300 1 1,051 23 14 ANIMAL PROD. Million Pounds Beef 3.6 6.1 722 9 2,311 26 10 Pork 3.3 5.6 430 20 1,592 21 15 Broilers 1.8 3.0 390 1 1,346 22 14 Turkeys 3.0 5.1 122 2 407 21 15 Million Dozen Eggs 1.9 3.2 104 3 515 25 11 Billion Pounds Milk 1.5 2.6 1.7 0.0 6.1 18 13 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2017/18 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate followin g the marketing year for 1981/82 through 2017/18. Calendar years 1982 through 2017 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2017. WASDE -584-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Dema nd Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data f or grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report ar e provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 United States Department of Agriculture February 21-22, 2019 Crystal Gateway Marriott Hotel, Arlington, Virginia www.usda.gov/oce/forum Agricultural Outlook Forum USDA’s 95th Annual Growing Locally, Selling Globally Follow us on Social Media (#AgOutlook) @USDA @USDA @usdagov WASDE Notification System Subscribers are notified through GovDelivery when the monthly World Agricultural Supply and Demand Estimates (WASDE) report is available. Previous WASDE reports are available at http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1194 For questions contact: Mirvat Sewadeh at 202 -720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE -584 – December 11, 2018 WASDE Briefing Slides : The briefing slides which accompany today’s WASDE report will be available at http://www.usda.gov/oce/commodity/wasde/ Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e -mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu. Select the “Reports by E -Mail” bar to sign up. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) 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January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 617 Approved by the World Agricultural Outlook Board October 12, 2021 WHEAT: The outlook for 2021/22 U.S. wheat this month is for reduced supplies, lower domestic use, unchanged exports, and decreased ending stocks. Supplies are reduced primarily on lower production from the NASS Small Grains Summary, issued September 30. Supplie s are also lowered on reduced imports, down 10 million bushels, to 125 million on the import pace. Annual feed and residual use is lowered 25 million bushels to 135 million despite the NASS Grain Stocks report indicating greater disappearance in the first quarter compared to last year. Significantly reduced supplies of Hard Red Spring, Durum, and White wheat for 2021/22 are expected to curtail feed and residual use for the remainder of 2021/22 along with the continued large price premium of wheat over corn. Exports are unchanged at 875 million bushels but there are offsetting by -class changes. Projected 2021/22 ending stocks are reduced 35 million bushels to 580 million, which are the lowest U.S. ending stocks since 2007/08. The projected 2021/22 season -average farm price is raised $0.10 per bushel to $6.70 on reported NASS prices to date and price expectations for the remainder of 2021/22. The global wheat outlook for 2021/22 is for reduced supplies, lower consumption, nearly unchanged trade, and small er ending stocks. Supplies are projected falling by 8.6 million tons to 1,064.2 million, primarily on the combination of reduced beginning stocks for Iran and reduced production for Canada, Iran, and the United States. Iran’s 2021/22 beginning stocks are lowered 3.6 million, the result of a multi- year production revision from 2017/18 onward. Iran’s 2021/22 production is lowered 1.5 million tons to 13.5 million, based on indications of greater 2021/22 imports driven by reduced domestic supplies. Canada’s production is reduced 2.0 million tons to 21.0 million on reduced harvested area as increased abandonment is expected from the severe drought affecting the Prairie Provinces this past summer. Projected 2021/22 world consumption is lowered 2.6 million t ons to 787.1 million with the majority of the reduction for food, seed, and industrial use in India and Canada and feed and residual use for the United States. Projected 2021/22 global trade is fractionally lower at 199.6 million tons on lower exports by Canada that are nearly offset by higher exports by Australia, the EU, and India. Projected 2021/22 world ending stocks are reduced 6.0 million tons to 277.2 million and are the lowest since 2016/17 with Iran, the United States, and Australia accounting fo r most of the reduction. COARSE GRAINS: This month’s 2021/22 U.S. corn outlook is for slightly higher production, increased exports, lower feed and residual use, and larger ending stocks. Corn production is forecast at 15.019 billion bushels, up 23 million on a marginal increase in yield to 176 .5 bushels per acre. Corn supplies are forecast up 72 million bushels from last month, on slightly higher production and increased beginning stocks based on the September 30 Grain Stocks report. Exports are raised 25 million bushels reflecting larger supplies and expectations of reduced competition from other major exporters. Projected feed and residual use is lowered 50 million bushels based on indicated disappearance during 2020/21. With supply rising and use falling, corn ending stocks for 2021/22 ar e raised 92 million bushels. The season -average corn price received by producers is unchanged at $5.45 per bushel. WASDE- 617-2 Grain sorghum production is forecast higher from last month, with a 2.6 -bushel per acre increase in yield to 72.3 bushels per acre. Barley and oat production estimates are updated based on the September 30 Small Grains Summary report. Global coarse grain production for 2021/22 is forecast down 2.9 million tons to 1,494.0 million. The 2021/22 foreign coarse grain outlook is for lower production, virtually unchanged trade, and larger stocks relative to last month. Foreign corn production is forecast essentially unchanged as increases for the EU, Canada, Venezuela, and Serbia are largely offset by declines for Ukraine, Russia, and Guatemala. EU corn production is raised reflecting increases for Poland and Romania more than offset declines for France and Bulgaria. Corn production in Canada is higher reflecting favorable yield prospects for Ontario. Projected corn yields for Russia and Ukrai ne are lowered based on reported harvest results to date. Corn exports are raised for India, the United States, and the EU, with partly offsetting reductions for Ukraine, Russia, and Vietnam. For 2020/21, corn exports for Brazil are lowered for the loca l marketing year beginning March 2021, based on shipments through the month of September. For 2021/22, corn imports are lowered for Vietnam, Chile, Algeria, Israel, Lebanon, and Saudi Arabia, but raised for Bangladesh. Foreign corn ending stocks are higher, mostly reflecting increases for China and Mexico, with a partly offsetting reduction for Ukraine. Global corn stocks, at 301.7 million, are up 4.1 million. RICE : The outlook for 2021/22 U.S. rice this month is for reduced supplies, lower domestic use, unchanged exports, and smaller ending stocks. Supplies are reduced on lower projected imports as they more than offset minimally higher production. NASS increased t he average all rice yield by 2 pounds per acre, to 7,625 pounds in the October 12 Crop Production report, as production is fractionally higher. Imports are reduced 2.0 million cwt, to 36.0 million , on the continued trend of lower year- to-year long- grain m onthly imports and expectations that higher freight costs and reduced availability of shipping containers will persist into 2021/22. Total domestic and residual use is decreased by 1.0 million cwt to 146.0 million on lower supplies and ending stocks are decreased to 33.2 million cwt, down 1.0 million. The season -average farm price for all rice is unchanged at $14.80 per cwt. The 2021/22 global outlook is for larger supplies, increased consumption, greater trade, and higher ending stocks. Supplies are raised by 2.0 million tons to 695.9 million for 2021/22, mostly on a larger Indian crop that would be another record. India’s 2021/22 rice exports are raised 1.5 million tons to 18.5 million but still below exports in 2020/21, now estimated at a record 20.0 million, or more than 40 percent of global trade. Global 2021/22 ending stocks are raised 1.8 million tons to 183.6 million, primarily on increases for China and India, which comprise 61 and 19 percent of world stocks, respectively. OILSEEDS : U.S. oilseed production for 2021/22 is forecast at 130.8 million tons, up 1.5 million from last month with higher soybean production partly offset by lower forecasts for sunflowerseed, canola, peanuts, and cottonseed. Soybean production is forecast at 4.4 billion bushels, up 74 million on higher yields. Harvested area is unchanged at 86.4 million acres. The soybean yield is projected at 51.5 bushels per acre, up 0.9 bushels from the September forecast. The largest production changes are for Iowa, Minnes ota, and Nebraska. Soybean supplies for 2021/22 are projected at 4.7 billion bushels, up 145 million on higher production and beginning stocks. With higher crush and unchanged exports, 2021/22 ending stocks are projected at 320 million bushels, up 135 million from last month. WASDE- 617-3 The U.S. season -average soybean price for 2021/22 is forecast at $12.35 per bushel, down 55 cents reflecting larger supplies. The soybean meal price is forecast at $325.00 per short ton, down $35.00. The soybean oil price forecast is unchanged at 65 cents per pound. Foreign 2021/22 oilseed production is lowered 2.4 million tons to 497.4 million on lower soybean, sunflowerseed, and rapeseed output. Soybean production is lowered for Argentina, India, and the EU. Argentina’s produc tion is lowered 1.0 million tons to 51.0 million on lower harvested area. Sunflowerseed production is lowered for Ukraine and Russia on recent harvest results. Canola production for Canada is lowered 1.0 million tons to 13.0 million, reflecting reports b y Statistics Canada. Global soybean supply and demand forecasts for 2021/22 include higher beginning stocks, lower crush, and higher ending stocks. Higher beginning stocks reflect increases for the United States, Argentina, and China. Argentina’s beginning stocks are raised on a downward revision to 2020/21 crush. The 2021/22 crush for Argentina is also lowered, leading to lower exports of meal and oil. China’s 2020/21 crush is lowered 1.0 million tons to 93.0 million based on end of year data. Global soybean ending stocks for 2021/22 are increased 5.7 million tons to 104.6 million, with higher stocks for the United States, Argentina, and China. SUGAR : U.S. beet sugar production for 2021/22 is increased by 145,945 short tons, raw value (STRV) to 5.3 48 million. NASS increased its forecast of national sugarbeet production by 1.063 million tons to 35.675 million. The largest gains were in the Upper Midwest at 6.13 percent on increased yield of 27.7 tons/acre and the Great Plains at 1.71 percent on inc reased area. Louisiana cane sugar production for the September -August crop year is reduced by 2.29 percent to 1.783 million STRV. NASS forecasts a lower yield of 32.2 tons/acre , slightly offset by processors’ forecast of slightly more sugarcane area for sugar. Fiscal year (FY) production is increased by 20,623 over the crop year total as the 2021 sugar campaign started later than originally expected and sugar expected to be produced in September is now projected to be produced after October 1 of FY 2021/22. Louisiana cane sugar production is therefore 1.804 million STRV for FY 2021/22 and 1.928 million for 2020/21. On August 24, 2021, the USDA increased the 2020/21 raw sugar TRQ by 99,318 STRV and also extended the TRQ entry period through October 31, 2021. The proportion of the sugar entering in September was higher than what was expected last month. As a consequence, imports entering under this raw sugar TRQ are increased by 64,494 STRV for 2020/21 and decreased by the same amount for 20 21/22. Raw sugar TRQ imports for 2021/22 are further reduced by 151,556 STRV as the Philippines is not expected to export any of the raw TRQ sugar allocated to it by USTR. The raw sugar TRQ shortfall is thereby raised to 250,764 STRV. High tier tariff sugar imports for 2020/21 are increased by 25,000 STRV to 205,000 on the pace to date but remain at 75,000 STRV for 2021/22. Sugar use for 2021/22 is unchanged from last month but estimated higher in 2020/21 by 14,000 STRV with increased deliveries under the product re- export and polyhydric alcohol programs only partially offset by fewer deliveries for livestock feed. Ending stocks for 2020/21 are estimated marginally higher at 1,680,512 STRV while stocks for 2021/22 are projected lower by 38,361 STRV to 1,627,232. The 2021/22 ending stocks -to-use ratio is projected at 13.2 percent, down slightly from 13.5 percent last month. Mexico sugar production for 2021/22 is projected at 5.940 million metric tons (MT), an increase of 131,000 over last month and 3. 9 percent greater than production in 2020/21. Reports indicate that plentiful rain has alleviated much of the lingering drought effects that afflicted the previous two growing seasons. Area harvested, sugarcane yields, and sucrose recoveries are all WASDE- 617-4 expe cted to be at levels close to averages over the period since 2013/14. Exports for 2020/21 are reduced by 184,290 MT due primarily to more sugar going into deliveries for IMMEX (59,329 MT) and into ending stocks (96,754 MT). CEDES program for stocks inten ded for export in the fourth quarter of 2021/22 are estimated at 28,118 MT. Deliveries for human consumption are also increased by small amounts for 2020/21 (20,000 MT) and 2021/22 (15,000 MT). IMMEX for 2021/22 is increased , as well , by 18,000 MT. LIVESTOCK, POULTRY, AND DAIRY : The forecast for 2021 total red meat and poultry production is lowered from last month as lower pork, broiler, and turkey forecasts more than offset a higher beef forecast. Beef production is raised from the previous month as lower expected steer and heifer slaughter are more than offset by higher cow slaughter and heavier average carcass weights. The pork production forecast is reduced on lower expected fourth - quarter hog slaughter. Broiler and turkey production forecasts are reduced on recent hatchery and slaughter data. The egg production forecast is reduced slightly. For 2022, the total red meat and poultry forecast is reduced from the previous month. Although higher expected placements of cattle in second half 2021 are expected to support higher early -year supplies of fed cattle, placements in the first half of 2022 are lowered and fed cattle supplies in the second half or 2022 are expected to be tighter. USDA’s Quarterly Hogs and Pigs report, released on September 24, estimated a lower pig crop for June- August and lower farrowing intentions for September - November. This supports lower hog slaughter expectations for first half 2022. Slower expected growth in pigs per litter during 2022 resulted in lower expected hog supplies in the second half of the year. Broiler and turkey production forecasts are reduced on expectations of a relatively slow response to improving margins. The 2022 egg production forecast is unchanged. For 2021 and 2022, beef import forecasts are raised reflecting continued strength in demand while the export forecasts are unchanged. The pork import forecasts are raised on increased supplies of pork on the global market. The pork export forecast for 2021 is reduced on weaker expected demand from China and increased competition in global markets; however, exports are increased for 2022 as growth in several key markets recover s. The broiler export forecast for 2021 is raised slightly, but no change is made to the 2022 forecast. Turkey export forecasts for 2021 and 2022 are lowered from last month. Fed cattle prices for 2021 are lowered on current price movements and relatively large supplies of fed cattle. However, the 2022 price forecast is raised on tighter expected supplies of cattle. The 2021 and 2022 hog price forecasts are raised on lower expected hog supplies. Broiler and turkey price forecasts are raised for 2021 and 2022 on lowered production. Milk production forecasts for 2021 and 2022 are reduced from last month on smaller dairy cow numbers and slower growth in milk per cow. For 2021 and 2022, fat basis import forecasts are unchanged from the previous month, while the fat basis export forecasts are raised on stronger expected sales of cheese and butterfat containing products. The skim -solids basis import forecast for 2021 is lowered slightly on weaker expected imports of milk protein concentrates, but the 2022 forecast is unchanged. Skim- solids basis export forecast for 2021 is reduced on weaker sales of skim milk powder, whey, and lactose; however, the forecast for 2022 is unchanged. For 2021, cheese, nonfat dry milk (NDM), and whey price forecasts are raised on current prices and lower ex pected production. The butter price is lowered slightly on current prices. For 2022, all dairy product prices are raised, largely on tighter supplies. The 2021 and 2022 Class III and Class IV price forecasts are raised from last month on higher dairy pr oduct prices. The 2021 all milk price is forecast higher at $18.45 per cwt. The all milk price forecast for 2022 is $19.20 per cwt. WASDE- 617-5 COTTON : The 2021/22 U.S. cotton supply and demand estimates show lower production, lower ending stocks, and a higher price compared with last month. Production is lowered 3 percent, to 18.0 million bales as projected yields in Texas are reduced. With domestic mill use and exports unchanged, ending stocks are 500,000 bales lower. At 3.2 million bales, U.S. ending stocks in 2021/22 are projected at 18 percent of use, compared with 17 percent in 2020/21. The 2021/22 season -average farm price for upland cotton is f orecast at a record -high 90.0 cents per pound, 6 cents higher than last month and nearly 2 percent above the previous record of 88.3 cents in 2011/12. The global cotton 2021/22 balance sheet shows lower consumption, higher production, and higher ending stocks compared with last month. During the first weeks of October 2021, world cotton prices have averaged over 115 cents per pound, up at least 40 percent from both year - earlier and long- run levels. While world income growth and spending on goods are expected to remain high during 2021/22, projected annual world cotton consumption growth is now 2.9 percent, compared with 3.8 percent in September. China’s consumption is reduced 1 million bales as, in addition to high prices, lagging energy production there cuts into industrial capacity. Consumption is also lower this month in Vietnam, but higher in Pakistan and Turkey. World production is 700,000 million bales higher, largely due to an increase in Pakistan. Production is also higher in Turkey, but lower in India as well as the United States. World ending stocks in 2021/22 are projected 450,000 bales higher than in September, but 3.2 million bales below 2020/21. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Mark Jekanowski , (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: SETH MEYER SECRETARY OF AGRICULTURE DESIGNATE WASDE- 617-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone, ICEC Chair, WAOB, mark [email protected] Andrew Sowell, ERS; Rachel Trego, FAS; Pete Riley, FPAC. Rice: Mark Simone, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS; Pete Riley , FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Michael McConnell, ERS; Yoonhee Macke, FAS; Sharon Raszap, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Todd Hubbs, ERS; Bill George, FAS; Gustavo Ferreira, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; James Johnson, FAS; Kent Lanclos, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Ron Lord, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Jacob Vuillemin, FAS; Georg i Gabrielyan, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Grace Grossen, ERS; Claire Mezoughem, FAS; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Georgi Gabrielyan, FPAC. In 2021, the WASDE report will be released on Nov 9, and Dec 9. In 2022 the WASDE report will be released on Jan 12, Feb 9, Mar 9, Apr 8, May 12, Jun 10, Jul 12, Aug 12, Sep 12, Oct 12, Nov 9, and Dec 9. WASDE- 617-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................... 1 Interagency Commodity Estimates Committees ..................................................... 6 World & U.S. Supply & Use for Grains ................................................................... 8 World & U.S. Supply & Use for Cotton ................................................................... 9 World & U.S. Supply & Use for Oilseeds .............................................................. 10 U.S. Wheat Supply & Use .................................................................................... 11 U.S. Wheat Supply & Use by Class ..................................................................... 11 U.S. Feed Grain & Corn Supply & Use ................................................................ 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13 U.S. Rice Supply & Use ....................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................ 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ............................................................................. 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use .................................................................................. 18 World Coarse Grains Supply & Use ..................................................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use ..................................................................................... 24 World Cotton Supply & Use ................................................................................. 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ..................................................................... 29 World Soybean Oil Supply & Use ......................................................................... 30 U.S. Quarterly Animal Product Production ........................................................... 31 U.S. Quarterly Prices for Animal Products ........................................................... 31 U.S. Meats Supply and Use ................................................................................. 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use .................................................................................... 33 U.S. Dairy Prices ................................................................................................. 34 Reliability Tables ................................................................................................. 35 Related USDA Reports ........................................................................................ 38 Metric Conversion Factors ................................................................................... 38 Electronic Access and Subscriptions ....................................................................... 40 October 2021 WASDE - 617 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2019/20 2675.87 3485.18 448.52 2672.06 813.12 2020/21 (Est.) 2707.56 3520.68 478.29 2727.53 793.15 filler filler filler filler filler 2021/22 (Proj.) Sep 2785.11 3580.20 497.10 2791.32 788.88 2021/22 (Proj.) Oct 2780.53 3573.68 498.97 2785.37 788.31 filler filler filler filler filler Wheat 2019/20 762.33 1043.10 194.33 748.31 294.79 2020/21 (Est.) 774.74 1069.52 201.31 781.17 288.36 filler filler filler filler filler 2021/22 (Proj.) Sep 780.28 1072.84 199.74 789.63 283.22 2021/22 (Proj.) Oct 775.87 1064.23 199.63 787.05 277.18 filler filler filler filler filler Coarse Grains 5/ 2019/20 1415.25 1767.18 210.81 1430.59 336.58 2020/21 (Est.) 1426.38 1762.96 227.89 1443.40 319.56 filler filler filler filler filler 2021/22 (Proj.) Sep 1496.89 1813.44 248.84 1489.63 323.82 2021/22 (Proj.) Oct 1493.96 1813.52 249.63 1486.01 327.51 filler filler filler filler filler Rice, milled 2019/20 498.29 674.90 43.38 493.15 181.75 2020/21 (Est.) 506.44 688.20 49.10 502.96 185.24 filler filler filler filler filler 2021/22 (Proj.) Sep 507.95 693.91 48.53 512.07 181.85 2021/22 (Proj.) Oct 510.70 695.94 49.72 512.31 183.63 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2019/20 417.89 516.29 79.82 355.75 80.73 2020/21 (Est.) 429.86 516.87 107.45 350.97 58.45 filler filler filler filler filler 2021/22 (Proj.) Sep 447.90 511.98 97.93 358.01 56.04 2021/22 (Proj.) Oct 447.69 512.81 98.61 356.63 57.57 filler filler filler filler filler Wheat 2019/20 52.58 84.79 26.37 30.44 27.99 2020/21 (Est.) 49.75 80.46 26.99 30.47 23.00 filler filler filler filler filler 2021/22 (Proj.) Sep 46.18 72.82 23.81 32.28 16.73 2021/22 (Proj.) Oct 44.79 71.20 23.81 31.60 15.79 filler filler filler filler filler Coarse Grains 5/ 2019/20 359.43 423.01 50.46 320.73 51.83 2020/21 (Est.) 372.89 427.19 77.48 315.65 34.06 filler filler filler filler filler 2021/22 (Proj.) Sep 395.67 430.52 71.23 321.07 38.23 2021/22 (Proj.) Oct 396.85 433.04 71.91 320.40 40.73 filler filler filler filler filler Rice, milled 2019/20 5.88 8.49 2.99 4.59 0.91 2020/21 (Est.) 7.23 9.22 2.98 4.85 1.39 filler filler filler filler filler 2021/22 (Proj.) Sep 6.05 8.64 2.89 4.67 1.09 2021/22 (Proj.) Oct 6.05 8.58 2.89 4.64 1.06 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. ex cludes millet and mixed grains). October 2021 WASDE - 617 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2019/20 2,257.98 2,968.88 368.70 2,316.30 732.40 2020/21 (Est.) 2,277.70 3,003.81 370.85 2,376.56 734.70 filler filler filler filler filler 2021/22 (Proj.) Sep 2,337.21 3,068.22 399.18 2,433.31 732.84 2021/22 (Proj.) Oct 2,332.83 3,060.87 400.37 2,428.74 730.74 filler filler filler filler filler Wheat 2019/20 709.75 958.31 167.96 717.88 266.80 2020/21 (Est.) 724.99 989.06 174.33 750.69 265.35 filler filler filler filler filler 2021/22 (Proj.) Sep 734.10 1,000.02 175.92 757.35 266.49 2021/22 (Proj.) Oct 731.08 993.03 175.81 755.45 261.39 filler filler filler filler filler Coarse Grains 5/ 2019/20 1,055.81 1,344.16 160.36 1,109.87 284.75 2020/21 (Est.) 1,053.49 1,335.77 150.41 1,127.75 285.49 filler filler filler filler filler 2021/22 (Proj.) Sep 1,101.22 1,382.93 177.61 1,168.56 285.59 2021/22 (Proj.) Oct 1,097.11 1,380.48 177.72 1,165.61 286.78 filler filler filler filler filler Rice, milled 2019/20 492.42 666.42 40.39 488.56 180.84 2020/21 (Est.) 499.22 678.98 46.11 498.11 183.86 filler filler filler filler filler 2021/22 (Proj.) Sep 501.90 685.27 45.64 507.40 180.76 2021/22 (Proj.) Oct 504.65 687.36 46.83 507.67 182.57 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2019/20 121.40 200.91 41.23 102.87 97.65 2020/21 (Est.) 112.16 209.81 48.49 119.93 90.30 filler filler filler filler filler 2021/22 (Proj.) Sep 119.59 210.89 46.76 124.14 86.68 2021/22 (Proj.) Oct 120.28 210.58 46.43 123.40 87.13 filler filler filler filler filler United States 2019/20 19.91 24.77 15.51 2.15 7.25 2020/21 (Est.) 14.61 21.86 16.37 2.40 3.15 filler filler filler filler filler 2021/22 (Proj.) Sep 18.51 21.66 15.50 2.50 3.70 2021/22 (Proj.) Oct 18.00 21.16 15.50 2.50 3.20 filler filler filler filler filler Foreign 4/ 2019/20 101.49 176.15 25.72 100.72 90.40 2020/21 (Est.) 97.55 187.95 32.12 117.53 87.15 filler filler filler filler filler 2021/22 (Proj.) Sep 101.08 189.23 31.26 121.64 82.98 2021/22 (Proj.) Oct 102.28 189.42 30.93 120.90 83.93 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. October 2021 WASDE - 617 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2019/20 580.68 714.50 190.68 508.36 112.59 2020/21 (Est.) 602.29 714.88 190.97 508.34 113.32 filler filler filler filler filler 2021/22 (Proj.) Sep 629.16 738.84 196.66 528.20 111.25 2021/22 (Proj.) Oct 628.24 741.56 197.01 526.23 116.50 filler filler filler filler filler Oilmeals 2019/20 346.68 365.63 95.41 341.61 18.64 2020/21 (Est.) 349.50 368.14 96.47 346.65 16.29 filler filler filler filler filler 2021/22 (Proj.) Sep 361.58 376.60 98.81 355.59 15.31 2021/22 (Proj.) Oct 360.71 377.00 98.25 355.45 16.28 filler filler filler filler filler Vegetable Oils 2019/20 207.26 232.79 86.78 202.88 26.40 2020/21 (Est.) 206.46 232.85 84.97 206.32 24.21 filler filler filler filler filler 2021/22 (Proj.) Sep 215.36 239.12 91.01 212.72 22.72 2021/22 (Proj.) Oct 214.55 238.75 90.60 212.25 22.95 filler filler filler filler filler United States Output Total Supply Trade Total Use 2 / Ending Stocks Oilseeds 2019/20 106.98 134.74 46.97 63.04 15.96 2020/21 (Est.) 124.56 141.73 62.77 62.70 8.58 filler filler filler filler filler 2021/22 (Proj.) Sep 129.31 137.02 57.96 63.61 6.60 2021/22 (Proj.) Oct 130.83 140.48 57.96 63.59 10.21 filler filler filler filler filler Oilmeals 2019/20 48.76 53.31 12.83 40.09 0.39 2020/21 (Est.) 48.31 53.11 12.84 39.83 0.44 filler filler filler filler filler 2021/22 (Proj.) Sep 49.07 53.40 13.13 39.74 0.53 2021/22 (Proj.) Oct 49.17 53.16 13.13 39.60 0.44 filler filler filler filler filler Vegetable Oils 2019/20 12.64 18.71 1.50 16.00 1.21 2020/21 (Est.) 12.70 18.65 1.02 16.31 1.32 filler filler filler filler filler 2021/22 (Proj.) Sep 12.88 19.12 0.76 17.32 1.04 2021/22 (Proj.) Oct 12.84 19.10 0.76 17.16 1.18 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2019/20 473.70 579.77 143.71 445.33 96.63 2020/21 (Est.) 477.73 573.15 128.20 445.64 104.74 filler filler filler filler filler 2021/22 (Proj.) Sep 499.85 601.82 138.70 464.59 104.65 2021/22 (Proj.) Oct 497.40 601.07 139.05 462.64 106.29 filler filler filler filler filler Oilmeals 2019/20 297.92 312.32 82.59 301.52 18.26 2020/21 (Est.) 301.19 315.03 83.63 306.82 15.86 filler filler filler filler filler 2021/22 (Proj.) Sep 312.50 323.20 85.68 315.85 14.78 2021/22 (Proj.) Oct 311.53 323.84 85.12 315.85 15.84 filler filler filler filler filler Vegetable Oils 2019/20 194.63 214.08 85.28 186.88 25.19 2020/21 (Est.) 193.76 214.20 83.95 190.01 22.89 filler filler filler filler filler 2021/22 (Proj.) Sep 202.48 220.00 90.25 195.41 21.68 2021/22 (Proj.) Oct 201.71 219.65 89.83 195.09 21.77 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. October 2021 WASDE - 617 - 11 U.S. Wheat Supply and Use 1/ 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Sep Oct Million Acres Area Planted 45.5 44.5 46.7 46.7 Area Harvested 37.4 36.8 38.1 37.2 Bushels Yield per Harvested Acre 51.7 49.7 44.5 44.3 Million Bushels Beginning Stocks 1,080 1,028 844 845 Production 1,932 1,828 1,697 1,646 Imports 104 100 135 125 Supply, Total 3,116 2,957 2,676 2,616 Food 962 961 964 964 Seed 60 64 62 62 Feed and Residual 97 95 160 135 Domestic, Total 1,118 1,120 1,186 1,161 Exports 969 992 875 875 Use, Total 2,087 2,111 2,061 2,036 Ending Stocks 1,028 845 615 580 Avg. Farm Price ($/bu) 2/ 4.58 5.05 6.60 6.70 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2020/21 (Est.) Beginning Stocks 506 280 105 95 42 1,028 Production 659 531 266 303 69 1,828 Supply, Total 3/ 1,169 858 376 404 148 2,957 Domestic Use 402 339 222 64 93 1,120 Exports 340 284 69 270 28 992 Use, Total 742 623 291 334 121 2,111 Ending Stocks, Total 428 235 85 70 27 845 2021/22 (Proj.) Beginning Stocks 428 235 85 70 27 845 Production 749 297 361 201 37 1,646 Supply, Total 3/ 1,182 592 451 276 115 2,616 Domestic Use 511 254 237 80 80 1,161 Exports 360 225 120 155 15 875 Use, Total 871 479 357 235 95 2,036 Ending Stocks, Total Oct 311 113 94 41 20 580 Ending Stocks, Total Sep 347 111 99 40 18 615 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. October 2021 WASDE - 617 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Sep Oct Million Acres Area Planted 100.6 102.3 105.6 105.9 Area Harvested 89.1 90.6 94.4 94.2 Metric Tons Yield per Harvested Acre 4.03 4.11 4.19 4.21 Million Metric Tons Beginning Stocks 60.5 51.8 32.6 34.0 Production 359.2 372.6 395.4 396.6 Imports 2.8 2.2 2.1 2.0 Supply, Total 422.4 426.6 430.0 432.6 Feed and Residual 154.3 146.2 148.5 147.7 Food, Seed & Industrial 165.9 168.9 172.1 172.3 Domestic, Total 320.2 315.1 320.6 320.0 Exports 50.4 77.5 71.2 71.9 Use, Total 370.6 392.6 391.8 391.9 Ending Stocks 51.8 34.0 38.2 40.7 CORN 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. September October Million Acres Area Planted 89.7 90.7 93.3 93.3 Area Harvested 81.3 82.3 85.1 85.1 Bushels Yield per Harvested Acre 167.5 171.4 176.3 176.5 Million Bushels Beginning Stocks 2,221 1,919 1,187 1,236 Production 13,620 14,111 14,996 15,019 Imports 42 24 25 25 Supply, Total 15,883 16,055 16,208 16,280 Feed and Residual 5,900 5,597 5,700 5,650 Food, Seed & Industrial 2/ 6,286 6,469 6,625 6,630 Ethanol & by -products 3/ 4,857 5,032 5,200 5,200 Domestic, Total 12,186 12,066 12,325 12,280 Exports 1,777 2,753 2,475 2,500 Use, Total 13,963 14,819 14,800 14,780 Ending Stocks 1,919 1,236 1,408 1,500 Avg. Farm Price ($/bu) 4/ 3.56 4.53 5.45 5.45 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- produ cts/feed -grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by -products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing - year weighted average price received by farmers. October 2021 WASDE - 617 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Sep Oct Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 5.3 5.9 7.3 7.3 Area Harvested (mil. acres) 4.7 5.1 6.5 6.5 Yield (bushels/acre) 73.0 73.2 69.7 72.3 Beginning Stocks 64 30 13 20 Production 341 373 454 471 Imports 0 0 0 0 Supply, Total 405 403 467 492 Feed and Residual 97 89 105 125 Food, Seed & Industrial 75 10 10 10 Total Domestic 172 99 115 135 Exports 203 284 320 320 Use, Total 375 383 435 455 Ending Stocks 30 20 32 37 Avg. Farm Price ($/bu) 2/ 3.34 5.04 5.85 5.45 Filler Filler Filler Filler Filler BARLEY 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. September October Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.8 2.7 2.6 2.7 Area Harvested (mil. acres) 2.2 2.2 2.0 1.9 Yield (bushels/acre) 77.7 77.2 51.6 60.4 Beginning Stocks 87 80 72 71 Production 172 171 106 118 Imports 7 7 7 7 Supply, Total 266 258 184 196 Feed and Residual 38 26 10 10 Food, Seed & Industrial 142 147 110 115 Total Domestic 180 172 120 125 Exports 6 14 9 11 Use, Total 186 186 129 136 Ending Stocks 80 71 55 60 Avg. Farm Price ($/bu) 2/ 4.69 4.75 5.45 5.30 Filler Filler Filler Filler Filler OATS 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. September October Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.8 3.0 2.4 2.6 Area Harvested (mil. acres) 0.8 1.0 0.7 0.7 Yield (bushels/acre) 64.3 65.1 57.4 61.3 Beginning Stocks 38 37 38 38 Production 53 66 41 40 Imports 92 85 74 69 Supply, Total 183 188 153 147 Feed and Residual 63 68 45 40 Food, Seed & Industrial 82 78 79 80 Total Domestic 144 147 124 120 Exports 2 3 2 2 Use, Total 146 150 126 122 Ending Stocks 37 38 27 25 Avg. Farm Price ($/bu) 2/ 2.82 2.77 3.60 3.60 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. October 2021 WASDE - 617 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Sep Oct Million Acres Area Planted 2.55 3.04 2.54 2.54 Area Harvested 2.48 2.99 2.50 2.50 Filler Pounds Yield per Harvested Acre 7,473 7,619 7,623 7,625 Million Hundredweight Beginning Stocks 2/ 44.9 28.7 43.7 43.7 Production 185.1 227.6 190.5 190.5 Imports 37.3 34.1 38.0 36.0 Supply, Total 267.3 290.3 272.2 270.2 Domestic & Residual 3/ 144.4 152.7 147.0 146.0 Exports, Total 4/ 94.2 93.9 91.0 91.0 Rough 31.3 34.6 33.0 33.0 Milled (rough equiv.) 62.9 59.3 58.0 58.0 Use, Total 238.6 246.6 238.0 237.0 Ending Stocks 28.7 43.7 34.2 33.2 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 13.60 13.70 14.80 14.80 Total LONG -GRAIN RICE 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. September October Harvested Acres (mil.) 1.73 2.30 Yield (pounds/acre) 7,261 7,422 Beginning Stocks 32.6 16.9 29.7 29.7 Imports 29.8 27.4 30.0 28.0 Production 125.6 170.9 144.2 144.3 Supply, Total 7/ 188.0 215.1 203.9 202.0 Domestic & Residual 3/ 106.3 120.3 115.0 114.0 Exports 8/ 64.8 65.1 65.0 65.0 Use, Total 171.1 185.4 180.0 179.0 Ending Stocks 16.9 29.7 23.9 23.0 Avg. Farm Price ($/cwt) 6/ 12.00 12.60 13.00 13.00 Filler Filler Filler Filler Filler MEDIUM & SHORT -GRAIN RICE 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. September October Harvested Acres (mil.) 0.75 0.69 Yield (pounds/acre) 7,964 8,282 Beginning Stocks 10.2 10.7 11.5 11.5 Imports 7.6 6.7 8.0 8.0 Production 59.5 56.7 46.3 46.3 Supply, Total 7/ 78.3 74.2 65.7 65.7 Domestic & Residual 3/ 38.2 32.4 32.0 32.0 Exports 8/ 29.4 28.8 26.0 26.0 Use, Total 67.6 61.2 58.0 58.0 Ending Stocks 10.7 11.5 7.7 7.7 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 18.20 17.70 20.10 20.10 California 10/ 21.60 19.70 23.00 23.00 Other States 1/ 11.60 13.00 14.00 14.00 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2017/18- 1.4; 2018/19- 2.1; 2019/ 20-1.0. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing -year weighted average price received by farm ers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The California medium/short -grain season- average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the r ice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. 10/ Marketing year beginning October 1. October 2021 WASDE - 617 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Sep Oct Filler Filler Filler Filler Filler Million Acres Area Planted 76.1 83.4 87.2 87.2 Area Harvested 74.9 82.6 86.4 86.4 Filler Bushels Yield per Harvested Acre 47.4 51.0 50.6 51.5 Million Bushels Beginning Stocks 909 525 175 256 Production 3,552 4,216 4,374 4,448 Imports 15 20 25 15 Supply, Total 4,476 4,761 4,574 4,719 Crushings 2,165 2,141 2,180 2,190 Exports 1,679 2,265 2,090 2,090 Seed 97 101 104 104 Residual 11 -3 14 15 Use, Total 3,952 4,505 4,389 4,399 Ending Stocks 525 256 185 320 Avg. Farm Price ($/bu) 2/ 8.57 10.80 12.90 12.35 Total SOYBEAN OIL 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. September October Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,775 1,853 1,858 2,063 Production 4/ 24,911 24,980 25,420 25,535 Imports 320 295 450 450 Supply, Total 27,006 27,128 27,728 28,048 Domestic Disappearance 22,317 23,350 25,000 25,000 Biofuel 3/ 8,658 8,800 11,000 11,000 Food, Feed & other Industrial 13,659 14,550 14,000 14,000 Exports 2,837 1,715 1,250 1,250 Use, Total 25,154 25,065 26,250 26,250 Ending stocks 1,853 2,063 1,478 1,798 Avg. Price (c/lb) 2/ 29.65 56.87 65.00 65.00 Total SOYBEAN MEAL 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. September October Filler 1 2 3 4 Thousand Short Tons Beginning Stocks 402 341 450 400 Production 4/ 51,100 50,604 51,400 51,650 Imports 639 805 450 450 Supply, Total 52,142 51,750 52,300 52,500 Domestic Disappearance 37,967 37,450 37,600 37,900 Exports 13,834 13,900 14,200 14,200 Use, Total 51,801 51,350 51,800 52,100 Ending Stocks 341 400 500 400 Avg. Price ($/s.t.) 2/ 299.50 392.31 360.00 325.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects soybean oil used for biofuels as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,135 million bushels for 2020/21 and 2,190 million bushels for 2021/22. October 2021 WASDE - 617 - 16 U.S. Sugar Supply and Use 1/ 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Sep Oct Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 1,783 1,618 1,632 1,681 Production 2/ 8,149 9,182 9,162 9,286 Beet Sugar 4,351 5,031 5,202 5,348 Cane Sugar 3,798 4,151 3,960 3,939 Florida 2,106 2,089 2,005 2,005 Louisiana 1,566 1,928 1,825 1,804 Texas 126 134 130 130 Imports 4,165 3,252 3,212 3,000 TRQ 3/ 2,152 1,751 1,803 1,591 Other Program 4/ 432 315 250 250 Other 5/ 1,581 1,186 1,159 1,159 Mexico 1,376 981 1,084 1,084 Total Supply 14,097 14,052 14,006 13,967 Exports 61 52 35 35 Deliveries 12,344 12,319 12,305 12,305 Food 12,246 12,200 12,200 12,200 Other 6/ 98 119 105 105 Miscellaneous 74 0 0 0 Total Use 12,479 12,371 12,340 12,340 Ending Stocks 1,618 1,681 1,666 1,627 Stocks to Use Ratio 13.0 13.6 13.5 13.2 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2020/21 and 2021/22 are based on Crop Production and/or processor projections/industry data and/or s ugar ICEC analysis where appropriate. 3/ For 2020/21, WTO raw sugar TRQ shortfall (75) and for 2021/22 (251). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Imports from Mexico; and high -tier tariff sugar and syrups not othe rwise specified -- for 2019/20 (206), 2020/21 (205), and 2021/22 (75). 6/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE -reported deliveries: 2019/20 -- 298; estimated 2020/21 -- 347; projected 2021/22 -- 358. Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2020/21 Est. Sep 858 5,715 75 4,390 1,345 913 2020/21 Est. Oct 858 5,715 67 4,469 1,161 1,010 2021/22 Proj. Sep 913 5,809 55 4,382 1,482 913 2021/22 Proj. Oct 1,010 5,940 63 4,415 1,678 920 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2019/20 = 1,388; Estimated 2020/21 = 1,325; Projected 2021/22 = 1,300. Estimated Oct- Aug 2020/21 =1,205; Estimated Oct -Aug 2019/20 = 1,267. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2020/21 (486 est =451 dom.+35 import); 2021/22 (445 proj = 410 dom.+35 import). Statistical Adjustments: 2020/21 (0), 2021/22 (0). October 2021 WASDE - 617 - 17 U.S. Cotton Supply and Use 1/ 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Sep Oct Filler Filler Filler Filler Filler Area Million Acres Planted 13.74 12.09 11.19 11.19 Harvested 11.50 8.28 9.92 9.92 Filler Pounds Yield per Harvested Acre 831 847 895 871 Million 480 Pound Bales Beginning Stocks 4.85 7.25 3.15 3.15 Production 19.91 14.61 18.51 18.00 Imports 0.00 0.00 0.00 0.01 Supply, Total 24.77 21.86 21.66 21.16 Domestic Use 2.15 2.40 2.50 2.50 Exports, Total 15.51 16.37 15.50 15.50 Use, Total 17.66 18.77 18.00 18.00 Unaccounted 2/ -0.15 -0.06 -0.04 -0.04 Ending Stocks 7.25 3.15 3.70 3.20 Avg. Farm Price 3/ 59.6 66.3 84.0 90.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. October 2021 WASDE - 617 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 280.77 762.33 187.39 139.22 748.31 194.33 294.79 World Less China 142.68 628.73 182.01 120.22 622.31 193.28 144.77 United States 29.39 52.58 2.83 2.63 30.44 26.37 27.99 Total Foreign 251.38 709.75 184.56 136.59 717.88 167.96 266.80 Major Exporters 4/ 37.35 308.45 7.55 73.38 179.61 141.82 31.92 Argentina 1.74 19.78 0.01 0.05 6.35 12.79 2.39 Australia 4.44 14.48 0.89 4.50 8.00 9.14 2.68 Canada 6.04 32.67 0.68 4.13 9.26 24.63 5.50 European Union 5/ 15.80 138.74 5.55 45.50 107.70 39.77 12.62 Russia 7.78 73.61 0.33 17.00 40.00 34.49 7.23 Ukraine 1.56 29.17 0.09 2.20 8.30 21.02 1.50 Major Importers 6/ 178.71 201.29 122.00 37.09 297.92 13.21 190.88 Bangladesh 1.26 1.20 6.80 0.30 7.50 0.00 1.76 Brazil 1.06 5.20 7.03 0.50 12.10 0.43 0.76 China 138.09 133.60 5.38 19.00 126.00 1.05 150.02 Japan 1.08 1.10 5.68 0.65 6.37 0.29 1.21 N. Africa 7/ 15.54 18.40 27.74 1.85 46.25 1.07 14.36 Nigeria 0.20 0.06 5.34 0.05 4.90 0.40 0.30 Sel. Mideast 8/ 10.76 20.95 17.71 3.60 38.47 0.78 10.16 Southeast Asia 9/ 5.95 0.00 26.46 7.94 25.38 1.13 5.90 Selected Other India 16.99 103.60 0.02 6.00 95.40 0.51 24.70 Kazakhstan 1.71 11.45 0.58 1.30 6.10 6.99 0.66 United Kingdom 1.91 15.60 1.75 7.70 15.20 1.62 2.44 2020/21 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 294.79 774.74 194.08 156.87 781.17 201.31 288.36 World Less China 144.77 640.49 183.46 116.87 631.17 200.55 144.24 United States 27.99 49.75 2.73 2.59 30.47 26.99 23.00 Total Foreign 266.80 724.99 191.35 154.28 750.69 174.33 265.35 Major Exporters 4/ 31.92 322.60 6.66 72.33 178.93 146.49 35.76 Argentina 2.39 17.65 0.01 0.05 6.35 11.00 2.69 Australia 2.68 33.00 0.20 4.50 8.00 24.00 3.88 Canada 5.50 35.18 0.55 4.18 9.13 26.41 5.69 European Union 5/ 12.62 126.00 5.38 42.00 104.25 29.73 10.02 Russia 7.23 85.35 0.40 19.00 42.50 38.50 11.98 Ukraine 1.50 25.42 0.13 2.60 8.70 16.85 1.51 Major Importers 6/ 190.88 200.99 124.77 56.88 323.44 12.65 180.55 Bangladesh 1.76 1.18 7.20 0.50 8.00 0.00 2.14 Brazil 0.76 6.25 6.50 0.40 12.05 0.95 0.51 China 150.02 134.25 10.62 40.00 150.00 0.76 144.12 Japan 1.21 0.99 5.49 0.65 6.35 0.30 1.04 N. Africa 7/ 14.36 16.60 28.50 1.75 46.82 0.80 11.84 Nigeria 0.30 0.06 6.59 0.05 5.55 0.60 0.79 Sel. Mideast 8/ 10.16 20.43 17.54 3.04 38.45 0.62 9.06 Southeast Asia 9/ 5.90 0.00 25.64 7.09 24.87 1.14 5.53 Selected Other India 24.70 107.86 0.02 6.50 102.28 2.50 27.80 Kazakhstan 0.66 14.26 0.80 1.45 6.25 8.00 1.47 United Kingdom 2.44 9.66 3.22 5.95 13.45 0.45 1.42 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, M orocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Alge ria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2021 WASDE - 617 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Sep 292.56 780.28 197.05 159.22 789.63 199.74 283.22 Oct 288.36 775.87 198.05 158.69 787.05 199.63 277.18 World Less China Sep 148.45 643.38 187.05 123.22 640.63 198.74 142.20 Oct 144.24 638.97 188.05 122.69 638.05 198.63 136.16 United States Sep 22.97 46.18 3.67 4.35 32.28 23.81 16.73 Oct 23.00 44.79 3.40 3.67 31.60 23.81 15.79 Total Foreign Sep 269.60 734.10 193.38 154.86 757.35 175.92 266.49 Oct 265.35 731.08 194.64 155.01 755.46 175.81 261.39 Major Exporters 4/ Sep 36.82 319.00 6.90 73.85 180.55 147.00 35.18 Oct 35.76 317.40 6.80 74.15 180.75 146.00 33.21 Argentina Sep 3.19 20.00 0.00 0.05 6.45 13.50 3.24 Oct 2.69 20.00 0.00 0.05 6.45 13.50 2.74 Australia Sep 4.38 31.50 0.20 4.70 8.20 23.00 4.88 Oct 3.88 31.50 0.20 4.50 8.00 23.50 4.08 Canada Sep 5.71 23.00 0.70 2.80 8.00 17.00 4.41 Oct 5.69 21.00 0.70 2.80 7.90 15.00 4.49 European Union 5/ Sep 10.07 139.00 5.40 46.00 108.50 35.00 10.97 Oct 10.02 139.40 5.30 46.00 108.50 35.50 10.72 Russia Sep 11.98 72.50 0.50 17.00 40.00 35.00 9.98 Oct 11.98 72.50 0.50 17.50 40.50 35.00 9.48 Ukraine Sep 1.51 33.00 0.10 3.30 9.40 23.50 1.71 Oct 1.51 33.00 0.10 3.30 9.40 23.50 1.71 Major Importers 6/ Sep 183.90 208.41 127.41 54.09 326.31 12.85 180.57 Oct 180.55 207.39 128.80 53.99 326.07 13.07 177.60 Bangladesh Sep 2.14 1.13 7.20 0.50 8.25 0.00 2.22 Oct 2.14 1.13 7.40 0.60 8.45 0.00 2.22 Brazil Sep 0.51 7.70 6.50 0.80 12.60 1.30 0.81 Oct 0.51 7.90 6.50 0.80 12.60 1.30 1.01 China Sep 144.12 136.90 10.00 36.00 149.00 1.00 141.02 Oct 144.12 136.90 10.00 36.00 149.00 1.00 141.02 Japan Sep 1.04 0.96 5.70 0.63 6.30 0.30 1.10 Oct 1.04 1.10 5.60 0.63 6.30 0.30 1.14 N. Africa 7/ Sep 11.57 21.55 27.95 1.95 47.70 1.01 12.36 Oct 11.84 21.59 27.80 1.95 47.70 1.01 12.52 Nigeria Sep 0.79 0.06 5.80 0.05 5.75 0.50 0.39 Oct 0.79 0.06 5.80 0.05 5.75 0.50 0.39 Sel. Mideast 8/ Sep 12.71 20.49 19.51 3.67 39.81 0.49 12.41 Oct 9.06 18.99 21.05 3.57 39.45 0.61 9.04 Southeast Asia 9/ Sep 5.42 0.00 25.75 7.00 24.95 1.16 5.06 Oct 5.53 0.00 25.65 6.90 24.88 1.16 5.14 Selected Other India Sep 27.80 109.52 0.03 7.00 105.00 3.50 28.85 Oct 27.80 109.52 0.03 7.00 104.50 4.00 28.85 Kazakhstan Sep 1.47 12.50 0.80 1.50 6.30 7.20 1.27 Oct 1.47 12.00 0.80 1.25 6.05 7.20 1.02 United Kingdom Sep 1.46 15.00 2.00 7.70 15.70 0.70 2.06 Oct 1.42 15.00 2.00 7.70 15.70 0.70 2.02 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina , Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra- trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam , Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indon esia, Malaysia, Philippines, Thailand, and Vietnam. October 2021 WASDE - 617 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 351.93 1,415.25 204.93 882.91 1,430.59 210.81 336.58 World Less China 141.53 1,147.07 187.45 682.09 1,135.52 210.77 135.64 United States 60.47 359.43 3.11 154.53 320.73 50.45 51.83 Total Foreign 291.46 1,055.81 201.82 728.38 1,109.87 160.36 284.75 Major Exporters 4/ 19.62 307.86 4.58 134.33 179.24 128.59 24.23 Argentina 3.62 58.13 0.02 12.12 17.78 39.32 4.68 Australia 2.43 11.90 0.01 5.61 7.57 3.87 2.89 Brazil 5.67 105.82 2.31 61.71 72.84 35.23 5.72 Canada 3.29 28.61 1.92 17.23 24.93 4.91 3.98 Russia 1.22 40.50 0.18 22.29 31.39 8.63 1.87 Ukraine 2.04 46.55 0.03 8.89 11.89 34.08 2.65 Major Importers 5/ 37.34 248.23 142.37 292.94 375.02 15.98 36.94 European Union 6/ 14.51 152.74 19.42 119.65 158.63 13.65 14.39 Japan 1.75 0.23 17.63 13.91 17.87 0.00 1.74 Mexico 5.78 32.10 17.60 30.83 50.31 1.03 4.14 N. Afr & Mideast 7/ 7.39 33.22 41.65 64.98 73.45 0.69 8.12 Saudi Arabia 1.70 0.20 11.22 11.05 11.40 0.00 1.72 Southeast Asia 8/ 3.38 29.40 18.20 38.50 46.55 0.61 3.82 South Korea 1.86 0.28 11.98 9.55 12.09 0.00 2.02 Selected Other China 210.40 268.18 17.48 200.82 295.07 0.04 200.94 2020/21 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 336.58 1,426.38 233.59 903.29 1,443.40 227.89 319.56 World Less China 135.64 1,158.36 185.39 682.94 1,131.70 227.87 114.11 United States 51.83 372.89 2.48 146.39 315.65 77.48 34.06 Total Foreign 284.75 1,053.49 231.11 756.90 1,127.75 150.41 285.49 Major Exporters 4/ 24.23 293.25 6.12 135.54 181.05 121.01 21.54 Argentina 4.68 58.47 0.01 11.83 17.56 42.41 3.18 Australia 2.89 16.45 0.00 5.28 7.24 9.78 2.32 Brazil 5.72 89.96 4.00 63.52 74.46 20.01 5.22 Canada 3.98 29.64 1.90 16.92 24.68 7.22 3.62 Russia 1.87 41.40 0.09 21.57 31.14 10.34 1.88 Ukraine 2.65 39.59 0.07 9.15 12.30 28.05 1.96 Major Importers 5/ 36.94 251.24 137.00 294.70 376.55 13.09 35.53 European Union 6/ 14.39 153.99 15.58 120.54 159.39 11.11 13.46 Japan 1.74 0.23 16.94 13.34 17.22 0.00 1.69 Mexico 4.14 32.66 17.16 30.24 49.74 0.73 3.50 N. Afr & Mideast 7/ 8.12 33.42 37.78 63.11 71.32 0.67 7.33 Saudi Arabia 1.72 0.19 10.41 10.55 10.91 0.00 1.42 Southeast Asia 8/ 3.82 30.45 22.85 43.05 51.36 0.59 5.18 South Korea 2.02 0.22 11.59 9.14 11.64 0.00 2.19 Selected Other China 200.94 268.02 48.20 220.35 311.70 0.02 205.44 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indone sia, Malaysia, Philippines, Thailand, and Vietnam. October 2021 WASDE - 617 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Sep 316.56 1,496.89 232.51 923.09 1,489.63 248.84 323.82 Oct 319.56 1,493.96 230.96 918.54 1,486.01 249.63 327.51 World Less China Sep 113.11 1,216.49 186.81 691.19 1,167.93 248.79 116.02 Oct 114.11 1,213.56 185.26 686.64 1,164.31 249.58 117.71 United States Sep 32.63 395.67 2.22 148.62 321.07 71.23 38.23 Oct 34.06 396.85 2.12 147.71 320.40 71.91 40.73 Total Foreign Sep 283.93 1,101.22 230.29 774.47 1,168.56 177.61 285.59 Oct 285.49 1,097.11 228.84 770.83 1,165.61 177.72 286.78 Major Exporters 4/ Sep 22.51 333.70 5.68 140.55 186.51 150.58 24.80 Oct 21.54 330.18 5.48 137.94 183.69 149.89 23.62 Argentina Sep 3.26 62.78 0.01 12.95 18.62 43.71 3.72 Oct 3.18 62.38 0.01 12.45 18.12 43.81 3.64 Australia Sep 2.92 15.70 0.00 6.46 8.52 7.98 2.12 Oct 2.32 15.70 0.00 5.26 7.32 9.18 1.52 Brazil Sep 5.21 122.02 2.40 65.59 77.73 43.03 8.88 Oct 5.22 122.02 2.20 65.59 77.53 43.03 8.89 Canada Sep 3.73 24.87 3.11 17.24 24.54 4.56 2.62 Oct 3.62 23.95 3.11 17.04 24.33 3.85 2.50 Russia Sep 1.98 39.90 0.10 21.70 30.65 9.98 1.35 Oct 1.88 38.70 0.10 21.30 30.25 9.18 1.25 Ukraine Sep 1.96 50.82 0.03 9.21 12.40 38.13 2.27 Oct 1.96 49.82 0.03 8.91 12.09 37.65 2.06 Major Importers 5/ Sep 35.31 248.21 138.81 294.01 376.70 13.41 32.23 Oct 35.53 248.86 137.61 293.51 376.10 13.41 32.49 European Union 6/ Sep 13.49 153.65 16.41 119.03 158.00 11.45 14.11 Oct 13.46 154.15 16.41 119.23 158.20 11.75 14.07 Japan Sep 1.69 0.20 17.24 13.78 17.72 0.00 1.41 Oct 1.69 0.25 17.24 13.83 17.77 0.00 1.40 Mexico Sep 3.09 33.75 17.50 30.81 50.29 0.70 3.35 Oct 3.50 33.75 17.55 30.86 50.34 0.70 3.76 N. Afr & Mideast 7/ Sep 7.66 30.30 39.41 61.92 70.59 0.42 6.36 Oct 7.33 30.40 40.36 62.62 71.29 0.42 6.39 Saudi Arabia Sep 1.62 0.20 11.21 11.26 11.61 0.00 1.42 Oct 1.42 0.20 10.51 10.46 10.81 0.00 1.32 Southeast Asia 8/ Sep 4.81 29.81 20.95 43.25 51.75 0.85 2.98 Oct 5.18 29.81 19.35 42.45 50.85 0.55 2.95 South Korea Sep 2.19 0.22 11.61 9.55 12.06 0.00 1.97 Oct 2.19 0.22 11.61 9.55 12.06 0.00 1.97 Selected Other China Sep 203.44 280.40 45.70 231.90 321.70 0.05 207.79 Oct 205.44 280.40 45.70 231.90 321.70 0.05 209.79 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2021 WASDE - 617 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 322.56 1,118.62 167.61 715.86 1,135.09 172.40 306.09 World Less China 112.38 857.85 160.03 522.86 857.09 172.39 105.57 United States 56.41 345.96 1.06 149.87 309.55 45.13 48.76 Total Foreign 266.15 772.66 166.55 565.99 825.54 127.27 257.34 Major Exporters 4/ 9.97 219.01 1.73 88.40 110.40 107.03 13.27 Argentina 2.37 51.00 0.00 9.50 13.50 36.25 3.62 Brazil 5.31 102.00 1.65 58.50 68.50 35.23 5.23 Russia 0.38 14.28 0.05 8.80 9.80 4.07 0.83 South Africa 1.02 15.84 0.00 6.40 12.20 2.55 2.12 Ukraine 0.89 35.89 0.03 5.20 6.40 28.93 1.48 Major Importers 5/ 22.24 129.30 93.95 163.05 217.45 7.04 21.01 Egypt 1.81 6.40 10.43 14.40 16.90 0.01 1.73 European Union 6/ 7.64 66.74 17.38 59.00 78.80 5.39 7.58 Japan 1.45 0.00 15.89 12.40 15.95 0.00 1.39 Mexico 5.16 26.66 16.53 25.60 43.80 1.03 3.52 Southeast Asia 7/ 3.37 29.35 17.26 37.70 45.55 0.61 3.81 South Korea 1.84 0.08 11.88 9.50 11.80 0.00 2.00 Selected Other 0.00 Canada 1.98 13.40 1.84 8.64 13.96 0.71 2.56 China 210.18 260.78 7.58 193.00 278.00 0.01 200.53 2020/21 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2 / Exports Ending Stocks World 3/ 306.09 1,115.50 186.42 723.28 1,131.61 177.97 289.99 World Less China 105.57 854.83 158.42 520.28 846.61 177.96 85.80 United States 48.76 358.45 0.62 142.18 306.49 69.92 31.41 Total Foreign 257.34 757.06 185.81 581.10 825.12 108.05 258.58 Major Exporters 4/ 13.27 197.07 3.58 92.10 114.20 88.40 11.32 Argentina 3.62 50.00 0.01 10.00 14.00 37.50 2.12 Brazil 5.23 86.00 3.50 60.00 70.00 20.00 4.73 Russia 0.83 13.87 0.04 9.00 10.10 3.90 0.74 South Africa 2.12 16.90 0.01 7.20 13.00 3.20 2.83 Ukraine 1.48 30.30 0.02 5.90 7.10 23.80 0.90 Major Importers 5/ 21.01 128.72 92.74 162.65 217.10 4.70 20.68 Egypt 1.73 6.40 9.60 13.90 16.40 0.01 1.32 European Union 6/ 7.58 64.41 14.20 56.20 75.90 3.40 6.89 Japan 1.39 0.00 15.40 11.90 15.40 0.00 1.39 Mexico 3.52 27.35 16.50 25.50 43.70 0.70 2.97 Southeast Asia 7/ 3.81 30.40 20.94 41.35 49.40 0.59 5.18 South Korea 2.00 0.08 11.50 9.10 11.40 0.00 2.18 Selected Other 0.00 Canada 2.56 13.56 1.58 8.80 14.00 1.52 2.18 China 200.53 260.67 28.00 203.00 285.00 0.01 204.19 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting dis crepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2021 WASDE - 617 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Sep 286.48 1,197.77 185.95 749.24 1,186.62 201.27 297.63 Oct 289.99 1,198.22 183.85 746.16 1,186.46 201.91 301.74 World Less China Sep 84.30 924.77 159.95 535.24 892.62 201.25 90.46 Oct 85.80 925.22 157.85 532.16 892.46 201.89 92.58 United States Sep 30.15 380.93 0.64 144.79 313.07 62.87 35.77 Oct 31.41 381.49 0.64 143.52 311.93 63.50 38.10 Total Foreign Sep 256.33 816.84 185.31 604.45 873.55 138.41 261.85 Oct 258.58 816.73 183.21 602.65 874.53 138.41 263.64 Major Exporters 4/ Sep 11.51 242.50 1.77 95.40 118.70 121.00 16.08 Oct 11.32 241.00 1.77 94.90 118.20 120.20 15.69 Argentina Sep 2.12 53.00 0.01 10.50 14.50 38.00 2.63 Oct 2.12 53.00 0.01 10.50 14.50 38.00 2.63 Brazil Sep 4.73 118.00 1.70 62.00 73.00 43.00 8.43 Oct 4.73 118.00 1.70 62.00 73.00 43.00 8.43 Russia Sep 0.84 15.50 0.05 10.00 11.10 4.80 0.49 Oct 0.74 15.00 0.05 9.80 10.90 4.50 0.39 South Africa Sep 2.92 17.00 0.00 7.30 13.30 3.20 3.42 Oct 2.83 17.00 0.00 7.30 13.30 3.20 3.33 Ukraine Sep 0.90 39.00 0.02 5.60 6.80 32.00 1.11 Oct 0.90 38.00 0.02 5.30 6.50 31.50 0.91 Major Importers 5/ Sep 20.21 129.82 92.40 164.20 219.00 5.35 18.08 Oct 20.68 130.62 90.90 163.80 218.50 5.35 18.35 Egypt Sep 1.52 6.40 10.00 14.10 16.60 0.01 1.32 Oct 1.32 6.40 10.00 13.90 16.40 0.01 1.32 European Union 6/ Sep 6.94 65.50 15.00 56.50 76.30 3.80 7.34 Oct 6.89 66.30 15.00 57.00 76.80 4.10 7.29 Japan Sep 1.39 0.00 15.60 12.30 15.85 0.00 1.14 Oct 1.39 0.01 15.60 12.30 15.85 0.00 1.15 Mexico Sep 2.62 28.00 17.00 26.00 44.20 0.70 2.72 Oct 2.97 28.00 17.00 26.00 44.20 0.70 3.07 Southeast Asia 7/ Sep 4.80 29.76 18.90 41.40 49.65 0.85 2.97 Oct 5.18 29.76 17.30 40.60 48.75 0.55 2.94 South Korea Sep 2.18 0.08 11.50 9.50 11.80 0.00 1.95 Oct 2.18 0.08 11.50 9.50 11.80 0.00 1.95 Selected Other Canada Sep 2.29 13.60 3.00 10.60 15.80 1.00 2.09 Oct 2.18 14.00 3.00 11.00 16.20 1.00 1.98 China Sep 202.19 273.00 26.00 214.00 294.00 0.02 207.17 Oct 204.19 273.00 26.00 214.00 294.00 0.02 209.17 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2021 WASDE - 617 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 176.61 498.29 42.32 493.15 43.38 181.75 World Less China 61.61 351.56 39.72 347.92 40.78 65.25 United States 1.42 5.88 1.19 4.59 2.99 0.91 Total Foreign 175.19 492.42 41.14 488.56 40.39 180.84 Major Exporters 4/ 36.69 183.69 0.66 149.33 30.48 41.22 Burma 1.06 12.65 0.00 10.40 2.30 1.01 India 29.50 118.87 0.00 101.98 12.49 33.90 Pakistan 0.95 7.41 0.01 3.40 3.82 1.15 Thailand 4.08 17.66 0.25 12.30 5.71 3.98 Vietnam 1.10 27.10 0.40 21.25 6.17 1.18 Major Importers 5/ 127.82 239.80 13.97 249.85 3.18 128.55 China 115.00 146.73 2.60 145.23 2.60 116.50 European Union 6/ 1.19 1.99 2.00 3.39 0.53 1.26 Indonesia 4.06 34.70 0.55 36.00 0.00 3.31 Nigeria 1.22 5.04 1.40 6.85 0.00 0.81 Philippines 3.52 11.93 2.45 14.30 0.00 3.60 Sel. Mideast 7/ 0.89 2.34 3.97 5.98 0.00 1.22 Selected Other 0.00 Brazil 0.25 7.60 0.87 7.30 1.22 0.21 C. Amer & Carib 8/ 0.58 1.60 1.86 3.39 0.04 0.61 Egypt 0.95 4.30 0.30 4.30 0.02 1.23 Japan 2.05 7.61 0.71 8.35 0.03 1.98 Mexico 0.15 0.18 0.80 0.94 0.02 0.18 South Korea 1.09 3.74 0.45 4.10 0.06 1.14 2020/21 Est. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 181.75 506.44 46.43 502.96 49.10 185.24 World Less China 65.25 358.14 41.93 352.38 46.87 68.74 United States 0.91 7.23 1.08 4.85 2.98 1.39 Total Foreign 180.84 499.22 45.35 498.11 46.11 183.86 Major Exporters 4/ 41.22 189.36 1.46 151.02 37.40 43.61 Burma 1.01 12.60 0.00 10.60 1.70 1.31 India 33.90 122.27 0.00 102.67 20.00 33.50 Pakistan 1.15 8.18 0.01 3.65 3.90 1.79 Thailand 3.98 18.86 0.20 12.70 5.60 4.74 Vietnam 1.18 27.44 1.25 21.40 6.20 2.27 Major Importers 5/ 128.55 240.73 17.05 255.33 2.70 128.30 China 116.50 148.30 4.50 150.58 2.22 116.50 European Union 6/ 1.26 1.95 1.78 3.40 0.45 1.14 Indonesia 3.31 35.30 0.60 35.80 0.00 3.41 Nigeria 0.81 4.89 1.90 6.90 0.00 0.70 Philippines 3.60 12.42 2.20 14.45 0.00 3.76 Sel. Mideast 7/ 1.22 2.31 3.50 5.90 0.00 1.12 Selected Other 0.00 Brazil 0.21 8.00 0.70 7.45 0.85 0.61 C. Amer & Carib 8/ 0.61 1.60 1.74 3.35 0.04 0.56 Egypt 1.23 4.00 0.35 4.30 0.01 1.28 Japan 1.98 7.57 0.69 8.25 0.08 1.90 Mexico 0.18 0.21 0.80 0.96 0.02 0.21 South Korea 1.14 3.51 0.45 4.00 0.06 1.04 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. October 2021 WASDE - 617 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Sep 185.97 507.95 45.86 512.07 48.53 181.85 Oct 185.24 510.70 46.79 512.31 49.72 183.63 World Less China Sep 69.47 358.95 42.26 356.37 46.13 70.85 Oct 68.74 361.70 42.79 357.21 47.32 71.63 United States Sep 1.39 6.05 1.21 4.67 2.89 1.09 Oct 1.39 6.05 1.14 4.64 2.89 1.06 Total Foreign Sep 184.58 501.90 44.65 507.40 45.64 180.76 Oct 183.86 504.65 45.65 507.67 46.83 182.57 Major Exporters 4/ Sep 44.38 189.60 0.71 153.80 36.05 44.83 Oct 43.61 192.40 0.71 153.85 37.40 45.47 Burma Sep 1.21 12.80 0.00 10.70 2.00 1.32 Oct 1.31 12.60 0.00 10.65 2.00 1.27 India Sep 34.50 122.00 0.00 105.00 17.00 34.50 Oct 33.50 125.00 0.00 105.00 18.50 35.00 Pakistan Sep 1.64 8.20 0.01 3.80 4.15 1.89 Oct 1.79 8.20 0.01 3.90 4.00 2.10 Thailand Sep 4.71 19.50 0.20 13.00 6.50 4.91 Oct 4.74 19.50 0.20 13.00 6.50 4.94 Vietnam Sep 2.32 27.10 0.50 21.30 6.40 2.22 Oct 2.27 27.10 0.50 21.30 6.40 2.17 Major Importers 5/ Sep 128.17 243.24 16.25 261.17 2.97 123.53 Oct 128.30 243.14 17.05 260.62 2.97 124.90 China Sep 116.50 149.00 3.60 155.70 2.40 111.00 Oct 116.50 149.00 4.00 155.10 2.40 112.00 European Union 6/ Sep 1.11 1.89 2.00 3.45 0.55 1.00 Oct 1.14 1.89 2.00 3.45 0.55 1.03 Indonesia Sep 3.41 35.35 0.60 35.60 0.00 3.76 Oct 3.41 35.35 0.60 35.60 0.00 3.76 Nigeria Sep 0.70 5.00 2.00 6.95 0.00 0.75 Oct 0.70 5.00 2.00 6.95 0.00 0.75 Philippines Sep 3.66 12.30 2.10 14.50 0.00 3.56 Oct 3.76 12.30 2.20 14.55 0.00 3.71 Sel. Mideast 7/ Sep 1.12 2.25 3.90 6.17 0.00 1.11 Oct 1.12 2.15 3.90 6.07 0.00 1.11 Selected Other Brazil Sep 0.61 8.02 0.65 7.45 1.05 0.78 Oct 0.61 8.02 0.65 7.45 1.05 0.78 C. Amer & Carib 8/ Sep 0.57 1.65 1.91 3.46 0.02 0.65 Oct 0.56 1.65 1.89 3.44 0.02 0.63 Egypt Sep 1.28 2.90 0.90 4.25 0.01 0.82 Oct 1.28 2.90 0.90 4.25 0.01 0.82 Japan Sep 1.90 7.58 0.69 8.20 0.07 1.90 Oct 1.90 7.56 0.69 8.20 0.07 1.88 Mexico Sep 0.21 0.22 0.80 0.97 0.01 0.25 Oct 0.21 0.22 0.80 0.97 0.01 0.25 South Korea Sep 1.04 3.82 0.41 3.95 0.06 1.26 Oct 1.04 3.82 0.41 3.95 0.06 1.26 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. October 2021 WASDE - 617 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2019/20 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 79.51 121.40 40.81 102.87 41.23 -0.04 97.65 World Less China 43.84 94.15 33.67 69.87 41.08 -0.04 60.75 United States 4.85 19.91 3/ 2.15 15.51 -0.15 7.25 Total Foreign 74.66 101.49 40.81 100.72 25.72 0.11 90.40 Major Exporters 4/ 27.75 57.81 2.92 28.17 21.23 0.02 39.05 Central Asia 5/ 2.28 5.96 3/ 3.92 1.78 0.00 2.55 Afr. Fr. Zone 6/ 1.41 5.91 3/ 0.13 4.66 0.00 2.53 S. Hemis. 7/ 15.34 16.69 0.14 3.56 11.34 0.01 17.25 Australia 1.57 0.63 3/ 0.04 1.36 0.00 0.80 Brazil 12.26 13.78 0.01 2.70 8.94 0.00 14.40 India 8.40 28.80 2.28 20.00 3.20 0.00 16.28 Major Importers 8/ 44.95 40.62 35.44 68.84 3.19 0.09 48.89 Mexico 0.69 1.57 0.59 1.48 0.66 0.03 0.69 China 35.67 27.25 7.14 33.00 0.16 0.00 36.90 European Union 9/ 0.29 2.00 0.58 0.59 1.82 0.01 0.44 Turkey 1.69 3.45 4.67 6.60 0.45 0.00 2.77 Pakistan 2.50 6.20 3.98 9.20 0.06 0.03 3.39 Indonesia 0.53 3/ 2.51 2.40 0.00 0.00 0.64 Thailand 0.20 3/ 0.70 0.78 0.00 0.02 0.10 Bangladesh 1.78 0.14 7.50 6.90 0.00 0.01 2.52 Vietnam 1.23 3/ 6.48 6.60 0.00 0.00 1.11 2020/21 Est. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 97.65 112.16 48.96 119.93 48.49 0.05 90.30 World Less China 60.75 82.66 36.09 79.93 48.48 0.05 51.04 United States 7.25 14.61 3/ 2.40 16.37 -0.06 3.15 Total Foreign 90.40 97.55 48.95 117.53 32.12 0.11 87.15 Major Exporters 4/ 39.05 54.69 1.60 33.15 27.56 0.02 34.61 Central Asia 5/ 2.55 5.80 0.01 4.17 1.97 0.00 2.21 Afr. Fr. Zone 6/ 2.53 4.84 3/ 0.13 5.05 0.00 2.20 S. Hemis. 7/ 17.25 15.69 0.14 4.03 13.80 0.01 15.24 Australia 0.80 2.80 3/ 0.04 1.60 0.00 1.96 Brazil 14.40 10.82 0.01 3.10 11.01 0.00 11.12 India 16.28 28.00 0.84 24.20 6.19 0.00 14.74 Major Importers 8/ 48.89 39.75 45.01 80.54 3.12 0.09 49.91 Mexico 0.69 1.02 0.88 1.65 0.50 0.03 0.41 China 36.90 29.50 12.87 40.00 0.01 0.00 39.26 European Union 9/ 0.44 1.68 0.56 0.59 1.96 0.01 0.12 Turkey 2.77 2.90 5.33 7.70 0.59 0.00 2.71 Pakistan 3.39 4.50 5.33 10.60 0.03 0.03 2.57 Indonesia 0.64 3/ 2.31 2.50 0.01 0.00 0.45 Thailand 0.10 3/ 0.60 0.57 0.00 0.03 0.11 Bangladesh 2.52 0.15 8.75 8.50 0.00 0.01 2.90 Vietnam 1.11 3/ 7.31 7.30 0.00 0.00 1.12 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. October 2021 WASDE - 617 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2021/22 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Sep 91.30 119.59 46.76 124.14 46.76 0.07 86.68 Oct 90.30 120.28 46.45 123.40 46.43 0.06 87.13 World Less China Sep 52.05 92.84 36.76 83.14 46.71 0.07 51.73 Oct 51.04 93.53 35.95 83.40 46.38 0.06 50.67 United States Sep 3.15 18.51 3/ 2.50 15.50 -0.04 3.70 Oct 3.15 18.00 0.01 2.50 15.50 -0.04 3.20 filler filler filler filler filler filler filler Total Foreign Sep 88.15 101.08 46.76 121.64 31.26 0.11 82.98 Oct 87.15 102.28 46.44 120.90 30.93 0.11 83.93 Major Exporters 4/ Sep 35.61 59.92 1.78 34.74 26.94 0.02 35.61 Oct 34.61 59.42 1.78 34.73 26.55 0.02 34.51 Central Asia 5/ Sep 2.21 5.48 0.02 4.28 1.46 0.00 1.96 Oct 2.21 5.48 0.02 4.28 1.46 0.00 1.96 Afr. Fr. Zone 6/ Sep 2.17 5.86 3/ 0.14 5.91 0.00 1.98 Oct 2.20 5.86 3/ 0.13 5.92 0.00 2.00 S. Hemis. 7/ Sep 15.17 19.63 0.16 4.20 13.13 0.01 17.63 Oct 15.24 19.63 0.16 4.20 12.93 0.01 17.90 Australia Sep 1.96 4.70 3/ 0.04 3.60 0.00 3.03 Oct 1.96 4.70 3/ 0.04 3.60 0.00 3.03 filler filler filler filler filler filler filler Brazil Sep 11.05 12.50 0.03 3.20 8.20 0.00 12.17 Oct 11.12 12.50 0.03 3.20 8.00 0.00 12.44 India Sep 15.83 28.50 1.00 25.50 6.00 0.00 13.83 Oct 14.74 28.00 1.00 25.50 5.80 0.00 12.44 Major Importers 8/ Sep 49.89 38.04 42.51 82.98 2.67 0.09 44.71 Oct 49.91 39.74 42.04 82.14 2.72 0.09 46.75 Mexico Sep 0.41 1.05 0.90 1.65 0.30 0.03 0.39 Oct 0.41 1.05 1.00 1.70 0.30 0.03 0.44 China Sep 39.26 26.75 10.00 41.00 0.05 0.00 34.96 Oct 39.26 26.75 10.50 40.00 0.05 0.00 36.46 European Union 9/ Sep 0.13 1.69 0.60 0.63 1.65 0.00 0.14 Oct 0.12 1.69 0.60 0.62 1.65 0.00 0.14 Turkey Sep 2.71 3.40 5.20 8.30 0.60 0.00 2.41 Oct 2.71 3.60 5.20 8.40 0.65 0.00 2.46 Pakistan Sep 2.57 5.00 5.90 11.00 0.05 0.03 2.39 Oct 2.57 6.50 5.00 11.20 0.05 0.03 2.79 Indonesia Sep 0.45 3/ 2.50 2.50 0.01 0.00 0.44 Oct 0.45 3/ 2.50 2.50 0.01 0.00 0.44 Thailand Sep 0.11 3/ 0.60 0.58 0.00 0.03 0.10 Oct 0.11 3/ 0.60 0.58 0.00 0.03 0.10 Bangladesh Sep 2.90 0.15 8.20 8.70 0.00 0.01 2.54 Oct 2.90 0.15 8.20 8.70 0.00 0.01 2.54 Vietnam Sep 1.09 3/ 7.50 7.50 0.00 0.00 1.10 Oct 1.12 3/ 7.30 7.30 0.00 0.00 1.13 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. October 2021 WASDE - 617 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 114.10 339.89 164.97 312.48 358.40 165.06 95.48 World Less China 94.64 321.79 66.43 220.98 249.20 164.97 68.69 United States 24.74 96.67 0.42 58.91 61.85 45.70 14.28 Total Foreign 89.36 243.22 164.55 253.57 296.56 119.36 81.21 Major Exporters 3/ 61.73 189.54 5.45 89.09 99.05 110.68 46.99 Argentina 28.89 48.80 4.88 38.77 45.92 10.00 26.65 Brazil 32.47 128.50 0.55 46.74 49.39 92.14 20.00 Paraguay 0.35 10.25 0.01 3.50 3.66 6.62 0.33 Major Importers 4/ 22.07 21.76 131.88 120.06 145.92 0.34 29.45 China 19.46 18.10 98.53 91.50 109.20 0.09 26.80 European Union 1.52 2.62 14.95 15.60 17.32 0.23 1.54 Southeast Asia 0.74 0.60 9.32 4.50 9.81 0.02 0.83 Mexico 0.18 0.24 5.75 6.00 6.05 0.00 0.11 2020/21 Est. Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 95.48 365.26 165.85 315.61 362.56 164.87 99.16 World Less China 68.69 345.66 66.85 222.61 250.96 164.79 65.44 United States 14.28 114.75 0.54 58.26 60.94 61.66 6.97 Total Foreign 81.21 250.51 165.31 257.36 301.62 103.21 92.19 Major Exporters 3/ 46.99 194.81 6.03 89.78 99.91 95.04 52.89 Argentina 26.65 46.20 5.00 39.65 46.95 5.15 25.75 Brazil 20.00 137.00 1.02 46.75 49.42 81.65 26.95 Paraguay 0.33 9.90 0.01 3.30 3.47 6.60 0.17 Major Importers 4/ 29.45 23.24 132.73 122.38 149.20 0.30 35.92 China 26.80 19.60 99.00 93.00 111.60 0.08 33.72 European Union 1.54 2.57 15.00 16.10 17.82 0.20 1.09 Southeast Asia 0.83 0.58 9.62 4.81 10.19 0.02 0.82 Mexico 0.11 0.25 6.00 6.20 6.25 0.00 0.10 2021/22 Proj. Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ Sep 95.08 384.42 170.94 329.35 378.37 173.17 98.89 Oct 99.16 385.14 170.62 328.39 377.27 173.08 104.57 World Less China Sep 62.28 365.42 69.94 231.35 260.67 173.07 63.90 Oct 65.44 366.14 69.62 230.39 259.57 172.98 68.65 United States Sep 4.76 119.04 0.68 59.33 62.57 56.88 5.04 Oct 6.97 121.06 0.41 59.60 62.85 56.88 8.71 Total Foreign Sep 90.31 265.38 170.26 270.02 315.80 116.29 93.86 Oct 92.19 264.08 170.21 268.79 314.43 116.20 95.86 Major Exporters 3/ Sep 51.67 209.10 5.37 94.53 104.83 108.38 52.92 Oct 52.89 208.10 5.37 93.53 103.76 108.38 54.22 Argentina Sep 24.60 52.00 4.70 43.00 50.35 6.35 24.60 Oct 25.75 51.00 4.70 42.00 49.40 6.35 25.70 Brazil Sep 26.60 144.00 0.65 47.70 50.35 93.00 27.90 Oct 26.95 144.00 0.65 47.70 50.35 93.00 28.25 Paraguay Sep 0.46 10.50 0.01 3.75 4.05 6.50 0.42 Oct 0.17 10.50 0.01 3.75 3.93 6.50 0.26 Major Importers 4/ Sep 35.08 22.90 135.35 127.75 155.70 0.35 37.28 Oct 35.92 22.80 135.35 127.73 155.67 0.35 38.05 China Sep 32.80 19.00 101.00 98.00 117.70 0.10 35.00 Oct 33.72 19.00 101.00 98.00 117.70 0.10 35.92 European Union Sep 1.09 2.83 15.00 15.90 17.62 0.23 1.08 Oct 1.09 2.73 15.00 15.90 17.62 0.23 0.98 Southeast Asia Sep 0.87 0.53 9.85 4.98 10.36 0.02 0.87 Oct 0.82 0.53 9.85 4.98 10.36 0.02 0.82 Mexico Sep 0.10 0.30 6.20 6.40 6.45 0.00 0.15 Oct 0.10 0.30 6.20 6.40 6.45 0.00 0.15 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports . Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to roun ding. October 2021 WASDE - 617 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 14.82 245.63 62.22 240.88 67.72 14.07 World Less China 14.82 173.16 62.17 169.37 66.71 14.07 United States 0.37 46.36 0.58 34.44 12.55 0.31 Total Foreign 14.46 199.27 61.64 206.44 55.17 13.76 Major Exporters 3/ 6.91 73.19 0.03 27.37 45.85 6.91 Argentina 2.99 30.24 0.00 3.20 27.46 2.57 Brazil 3.54 36.23 0.01 18.50 17.50 3.78 India 0.38 6.72 0.02 5.67 0.89 0.57 Major Importers 4/ 2.16 22.44 37.28 59.18 1.10 1.61 European Union 0.86 12.32 16.33 28.32 0.88 0.33 Mexico 0.26 4.75 1.82 6.73 0.01 0.10 Southeast Asia 5/ 1.00 3.51 17.27 20.54 0.21 1.04 China 0.00 72.47 0.05 71.51 1.01 0.00 2020/21 Est. Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 14.07 249.02 63.72 245.55 68.83 12.44 World Less China 14.07 174.57 63.64 172.11 67.74 12.44 United States 0.31 45.91 0.73 33.97 12.61 0.36 Total Foreign 13.76 203.11 62.99 211.57 56.22 12.08 Major Exporters 3/ 6.91 74.79 0.45 28.42 46.98 6.75 Argentina 2.57 30.93 0.00 3.33 28.20 1.97 Brazil 3.78 36.24 0.01 19.10 16.63 4.30 India 0.57 7.62 0.44 6.00 2.15 0.48 Major Importers 4/ 1.61 23.09 37.25 59.38 1.21 1.36 European Union 0.33 12.73 16.65 28.62 0.75 0.34 Mexico 0.10 4.90 1.90 6.78 0.01 0.12 Southeast Asia 5/ 1.04 3.75 16.85 20.39 0.45 0.80 China 0.00 74.45 0.08 73.44 1.09 0.00 2021/22 Proj. Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ Sep 11.43 258.46 65.24 253.00 70.58 11.54 Oct 12.44 258.13 65.69 253.37 70.45 12.44 World Less China Sep 11.43 180.84 65.18 176.43 69.48 11.54 Oct 12.44 180.51 65.63 176.79 69.35 12.44 United States Sep 0.41 46.63 0.41 34.11 12.88 0.45 Oct 0.36 46.86 0.41 34.38 12.88 0.36 Total Foreign Sep 11.02 211.83 64.83 218.89 57.70 11.08 Oct 12.08 211.27 65.28 218.99 57.57 12.08 Major Exporters 3/ Sep 5.51 77.88 0.85 30.44 48.20 5.60 Oct 6.75 77.43 0.85 30.38 48.00 6.64 Argentina Sep 1.20 33.15 0.00 3.40 29.50 1.45 Oct 1.97 32.75 0.00 3.40 29.30 2.02 Brazil Sep 3.83 36.97 0.02 20.00 17.00 3.82 Oct 4.30 36.97 0.02 20.00 17.00 4.28 India Sep 0.48 7.76 0.83 7.04 1.70 0.34 Oct 0.48 7.71 0.83 6.98 1.70 0.34 Major Importers 4/ Sep 1.59 23.37 37.90 60.07 1.09 1.70 Oct 1.36 23.36 38.10 60.29 1.09 1.43 European Union Sep 0.41 12.57 17.00 28.59 0.85 0.54 Oct 0.34 12.57 17.00 28.59 0.85 0.46 Mexico Sep 0.12 5.06 1.93 7.00 0.01 0.09 Oct 0.12 5.06 1.93 7.00 0.01 0.09 Southeast Asia 5/ Sep 0.91 3.88 17.17 20.79 0.24 0.94 Oct 0.80 3.88 17.37 21.04 0.24 0.77 China Sep 0.00 77.62 0.06 76.58 1.10 0.00 Oct 0.00 77.62 0.06 76.58 1.10 0.00 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. October 2021 WASDE - 617 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 4.35 58.54 11.40 57.23 12.31 4.76 World Less China 3.85 42.15 10.40 40.14 12.15 4.11 United States 0.81 11.30 0.15 10.12 1.29 0.84 Total Foreign 3.55 47.24 11.25 47.11 11.02 3.92 Major Exporters 3/ 1.07 20.33 0.55 12.42 8.12 1.41 Argentina 0.43 7.70 0.00 2.18 5.40 0.55 Brazil 0.32 9.00 0.07 7.77 1.16 0.47 European Union 0.26 2.96 0.48 2.43 0.93 0.35 Major Importers 4/ 1.24 19.43 7.04 25.88 0.47 1.36 China 0.50 16.40 1.00 17.09 0.16 0.65 India 0.14 1.51 3.63 5.11 0.02 0.15 North Africa 5/ 0.32 1.05 1.79 2.47 0.29 0.40 2020/21 Est. Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 4.76 59.44 11.83 59.53 12.19 4.32 World Less China 4.11 42.60 10.55 41.56 12.16 3.55 United States 0.84 11.33 0.13 10.59 0.78 0.94 Total Foreign 3.92 48.11 11.70 48.94 11.41 3.38 Major Exporters 3/ 1.41 20.55 0.72 12.56 8.94 1.18 Argentina 0.55 7.87 0.00 2.04 6.10 0.27 Brazil 0.47 9.00 0.25 7.96 1.27 0.49 European Union 0.35 3.06 0.48 2.51 0.98 0.40 Major Importers 4/ 1.36 20.12 7.03 27.14 0.17 1.20 China 0.65 16.85 1.28 17.97 0.03 0.77 India 0.15 1.69 3.60 5.28 0.01 0.15 North Africa 5/ 0.40 1.05 1.50 2.64 0.13 0.18 2021/22 Proj. Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ Sep 4.33 61.86 11.81 61.43 12.60 3.97 Oct 4.32 61.69 11.82 61.27 12.56 4.01 World Less China Sep 3.56 44.30 10.63 42.87 12.45 3.17 Oct 3.55 44.13 10.65 42.71 12.41 3.21 United States Sep 0.84 11.53 0.20 11.34 0.57 0.67 Oct 0.94 11.58 0.20 11.34 0.57 0.82 Total Foreign Sep 3.49 50.33 11.60 50.09 12.03 3.30 Oct 3.38 50.11 11.62 49.93 11.99 3.19 Major Exporters 3/ Sep 1.29 21.46 0.53 12.85 9.19 1.24 Oct 1.18 21.26 0.53 12.75 9.14 1.08 Argentina Sep 0.46 8.55 0.00 2.21 6.30 0.50 Oct 0.27 8.35 0.00 2.10 6.25 0.27 Brazil Sep 0.42 9.18 0.08 7.99 1.30 0.39 Oct 0.49 9.18 0.08 7.99 1.30 0.46 European Union Sep 0.40 3.02 0.45 2.61 0.95 0.32 Oct 0.40 3.02 0.45 2.61 0.95 0.32 Major Importers 4/ Sep 1.20 21.15 7.06 27.79 0.42 1.21 Oct 1.20 21.13 7.08 27.78 0.42 1.21 China Sep 0.78 17.56 1.18 18.56 0.15 0.80 Oct 0.77 17.56 1.18 18.56 0.15 0.80 India Sep 0.15 1.75 3.63 5.35 0.02 0.16 Oct 0.15 1.75 3.63 5.35 0.02 0.16 North Africa 5/ Sep 0.19 1.22 1.58 2.57 0.25 0.17 Oct 0.18 1.20 1.60 2.57 0.25 0.16 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. October 2021 WASDE - 617 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2020 IV 7,069 7,515 14,633 11,047 1,451 12,630 27,263 2,371 55.6 Annual 27,174 28,303 55,680 44,583 5,743 50,876 106,556 9,283 223.2 2021 I 6,895 7,291 14,235 10,893 1,390 12,410 26,645 2,306 56.8 II 6,957 6,668 13,673 11,231 1,399 12,770 26,443 2,303 58.1 III 6,980 6,535 13,560 11,500 1,400 13,035 26,595 2,315 56.1 IV* 7,000 7,180 14,228 11,100 1,420 12,650 26,878 2,395 56.0 Annual Sep Proj. 27,742 27,739 55,675 44,774 5,629 50,940 106,615 9,340 227.8 Oct Proj. 27,832 27,674 55,696 44,724 5,609 50,865 106,561 9,319 227.0 2022 I* 6,895 6,980 13,924 11,015 1,395 12,540 26,464 2,335 57.3 II* 6,825 6,480 13,355 11,300 1,405 12,845 26,200 2,335 58.6 III* 6,670 6,825 13,542 11,590 1,435 13,170 26,712 2,365 57.0 Annual Sep Proj. 26,875 28,145 55,219 45,340 5,715 51,600 106,819 9,460 230.6 Oct Proj. 26,995 27,585 54,775 45,240 5,695 51,480 106,255 9,460 229.7 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2020 IV 108.18 50.75 75.7 113.6 107.2 19.80 Annual 108.51 43.18 73.2 106.5 112.2 18.24 2021 I 112.98 55.71 84.0 110.1 127.8 17.33 II 120.75 80.92 104.4 117.7 94.2 18.67 III 123.51 76.15 105.4 129.7 120.1 17.95 IV* 127.00 65.00 100.0 129.0 130.0 19.80 Annual Sep Proj. 122.2 69.9 97.4 121.2 117.8 18.15 Oct Proj. 121.06 69.45 98.4 121.6 118.0 18.45 2022 I* 130.00 63.00 102.0 120.0 121.0 19.30 II* 128.00 64.00 105.0 120.0 110.0 19.00 III* 126.00 60.00 95.0 122.0 111.0 18.85 Annual Sep Proj. 128 56 96 119 117 18.40 Oct Proj. 129 61 98 121 117 19.20 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. October 2021 WASDE - 617 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2020 642 27,244 3,342 31,227 2,951 716 27,561 58.4 2021 Proj. Sep 716 27,812 3,142 31,669 3,414 640 27,615 58.3 Oct 716 27,902 3,187 31,804 3,414 640 27,750 58.6 2022 Proj. Sep 640 26,945 3,150 30,735 3,270 640 26,825 56.5 Oct 640 27,065 3,165 30,870 3,270 640 26,960 56.8 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2020 646 28,318 904 29,869 7,280 467 22,121 52.0 2021 Proj. Sep 467 27,754 1,042 29,264 7,334 460 21,470 50.3 Oct 467 27,689 1,107 29,264 7,199 460 21,605 50.6 2022 Proj. Sep 460 28,160 1,005 29,625 7,300 505 21,820 50.9 Oct 460 27,600 1,145 29,205 7,405 505 21,295 49.7 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2020 1,330 55,774 4,547 61,651 10,235 1,217 50,199 111.8 2021 Proj. Sep 1,217 55,769 4,504 61,491 10,752 1,130 49,609 110.0 Oct 1,217 55,790 4,627 61,635 10,617 1,130 49,888 110.6 2022 Proj. Sep 1,130 55,314 4,468 60,912 10,575 1,180 49,157 108.8 Oct 1,130 54,870 4,628 60,628 10,680 1,180 48,768 107.8 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2020 937 44,106 145 45,188 7,367 830 36,991 96.2 2021 Proj. Sep 830 44,295 143 45,268 7,466 775 37,027 96.0 Oct 830 44,245 149 45,224 7,491 760 36,974 95.8 2022 Proj. Sep 775 44,855 136 45,766 7,410 795 37,561 97.0 Oct 760 44,756 145 45,661 7,410 775 37,476 96.8 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2020 233 5,743 21 5,997 571 223 5,203 15.8 2021 Proj. Sep 223 5,629 22 5,874 568 200 5,106 15.4 Oct 223 5,609 22 5,854 558 195 5,101 15.4 2022 Proj. Sep 200 5,715 21 5,936 580 225 5,131 15.4 Oct 195 5,695 21 5,911 560 200 5,151 15.5 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2020 1,175 50,398 167 51,740 8,013 1,057 42,670 113.4 2021 Proj. Sep 1,057 50,460 168 51,685 8,084 980 42,621 112.8 Oct 1,057 50,386 174 51,617 8,100 960 42,557 112.7 2022 Proj. Sep 980 51,114 160 52,254 8,046 1,025 43,183 113.9 Oct 960 50,995 169 52,124 8,026 980 43,118 113.8 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2020 2,504 106,172 4,715 113,391 18,248 2,274 92,869 225.3 2021 Proj. Sep 2,274 106,230 4,672 113,176 18,836 2,110 92,230 222.8 Oct 2,274 106,176 4,801 113,252 18,717 2,090 92,445 223.3 2022 Proj. Sep 2,110 106,428 4,628 113,166 18,621 2,205 92,340 222.7 Oct 2,090 105,865 4,797 112,752 18,706 2,160 91,886 221.6 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready -to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. October 2021 WASDE - 617 - 33 U.S. Egg Supply and Use Commodity 2019 2020 2021 Proj. 2021 Proj. 2022 Proj. 2022 Proj. Sep Oct Sep Oct Eggs Million Dozen Supply Beginning Stocks 22.7 31.6 24.5 24.5 21.0 21.0 Production 9,441.8 9,283.4 9,339.6 9,318.8 9,460.0 9,460.0 Imports 14.6 15.5 17.7 17.9 16.0 16.0 Total Supply 9,479.1 9,330.5 9,381.8 9,361.2 9,497.0 9,497.0 Use Exports 333.8 344.0 398.0 405.0 370.0 374.0 Hatching Use 1,081.2 1,078.5 1,116.7 1,116.7 1,140.0 1,140.0 Ending Stocks 31.6 24.5 21.0 21.0 24.0 24.0 Disappearance Total 8,032.5 7,883.5 7,846.1 7,818.5 7,963.0 7,959.0 Per Capita (number) 293.4 286.5 284.1 283.1 287.4 287.2 Total U.S. Milk Supply and Use Commodity 2019 2020 2021 Proj. 2021 Proj. 2022 Proj. 2022 Proj. Sep Oct Sep Oct Milk Billion Pounds Production 218.4 223.2 227.8 227.0 230.6 229.7 Farm Use 1.0 1.1 1.1 1.1 1.1 1.1 Fat Basis Supply Beg. Commercial Stocks 13.8 13.6 15.6 15.6 15.6 15.5 Marketings 217.4 222.1 226.7 226.0 229.5 228.6 Imports 6.9 6.8 6.6 6.6 6.7 6.7 Total Cml. Supply 238.1 242.5 248.9 248.2 251.8 250.8 Fat Basis Use Commercial Exports 9.1 9.3 11.4 11.8 10.9 11.0 Ending Commercial Stocks 13.6 15.6 15.6 15.5 15.4 15.3 CCC Donations 0.2 0.3 0.0 0.0 0.0 0.0 Domestic Commercial Use 215.2 217.4 221.9 220.8 225.5 224.5 Skim -solid Basis Supply Beg. Commercial Stocks 10.7 10.2 10.9 10.9 11.0 11.0 Marketings 217.4 222.1 226.7 226.0 229.5 228.6 Imports 5.8 5.6 5.8 5.6 5.5 5.5 Total Cml. Supply 233.9 237.9 243.4 242.5 246.0 245.1 Skim -solid Basis Use Commercial Exports 41.5 47.2 51.7 51.4 51.8 51.8 Ending Commercial Stocks 10.2 10.9 11.0 11.0 11.3 11.1 CCC Donations 0.2 0.1 0.0 0.0 0.0 0.0 Domestic Commercial Use 182.0 179.7 180.7 180.0 182.9 182.2 Total CCC Donations include purchases made through the USDA Trade Mitigation program. They do not include products purchased under other programs. Dairy domestic commercial use for 2020 includes additional milk marketed but not processed. Note: Totals may not add due to rounding. October 2021 WASDE - 617 - 34 U.S. Dairy Prices Commodity 2019 2020 2021 Proj. 2021 Proj. 2022 Proj. 2022 Proj. Sep Oct Sep Oct Product Prices 1/ Dollars Per Pound Cheese 1.7586 1.9236 1.640 1.680 1.655 1.715 Butter 2.2431 1.5808 1.690 1.685 1.730 1.755 Nonfat Dry Milk 1.0419 1.0417 1.225 1.245 1.270 1.380 Dry Whey 0.3799 0.3621 0.555 0.565 0.500 0.510 Filler Dollars Per Cwt Milk Prices 2/ Class III 16.96 18.16 16.65 17.05 16.45 17.10 Class IV 16.30 13.49 15.55 15.70 16.05 17.15 All Milk 3/ 18.65 18.24 18.15 18.45 18.40 19.20 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . October 2021 WASDE - 617 - 35 Reliability of October Projections 1/ Note: Tables on pages 35 -37 present a record of the October projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 1.6 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 2.7 percent. The average differen ce between the October projection and the final estimate is 7 million tons, ranging from 0.1 million to 26.7 million tons. The October projection has been below the estimate 28 times and above 11 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 1.6 2.7 7.0 0.1 26.7 28 11 U.S. 0.6 1.0 0.2 0.0 1.2 12 17 Foreign 1.8 3.1 7.0 0.1 26.8 28 11 Exports World 5.6 9.6 6.1 0.0 19.3 30 8 U.S. 8.2 13.9 2.2 0.3 10.0 18 21 Foreign 6.7 11.3 5.7 0.5 17.3 32 7 Domestic Use World 1.6 2.7 7.1 0.5 29.9 22 17 U.S. 6.0 10.2 1.6 0.1 3.6 10 29 Foreign 1.6 2.8 7.0 0.2 29.9 23 16 Ending Stocks World 8.0 13.5 10.4 0.6 32.5 30 9 U.S. 11.3 19.2 2.1 0.0 6.8 23 16 Foreign 8.4 14.3 9.0 0.0 29.3 30 9 COARSE GRAINS 2/ Production World 1.9 3.2 16.0 0.8 51.9 30 9 U.S. 2.7 4.6 4.9 0.1 17.9 22 17 Foreign 2.5 4.2 15.2 0.6 61.4 31 8 Exports World 7.1 12.1 7.2 0.1 28.9 27 12 U.S. 15.6 26.5 6.9 0.7 19.3 18 21 Foreign 12.8 21.7 7.5 0.6 21.4 25 14 Domestic Use World 1.5 2.6 12.2 0.2 42.4 25 14 U.S. 3.6 6.1 5.7 0.0 17.0 19 20 Foreign 1.8 3.0 11.1 0.0 42.1 26 13 Ending Stocks World 13.5 22.9 18.2 0.2 170.0 30 9 U.S. 25.1 42.6 9.2 0.5 29.1 21 18 Foreign 16.5 28.0 15.8 0.7 153.5 33 6 RICE, milled Production World 2.2 3.8 6.2 0.0 20.9 30 8 U.S. 3.2 5.5 0.1 0.0 0.5 22 17 Foreign 2.3 3.9 6.2 0.1 21.0 30 9 Exports World 9.2 15.7 1.8 0.1 6.3 28 11 U.S. 10.1 17.2 0.2 0.0 0.8 19 18 Foreign 10.6 17.9 1.8 0.0 6.3 28 11 Domestic Use World 1.8 3.0 4.2 0.3 20.3 30 9 U.S. 7.8 13.2 0.2 0.0 0.6 20 18 Foreign 1.8 3.1 4.2 0.1 20.7 30 9 Ending Stocks World 11.2 19.1 5.8 0.2 26.6 31 8 U.S. 23.5 39.9 0.2 0.0 0.8 20 18 Foreign 11.8 20.0 5.9 0.1 26.6 32 7 1/ Footnotes at end of table. CONTINUED October 2021 WASDE - 617 - 36 Reliability of October Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 4.3 7.3 6.5 0.1 28.7 19 20 U.S. 2.8 4.8 1.6 0.0 4.0 17 22 Foreign 7.0 11.8 6.3 0.0 28.1 18 21 Exports World 7.5 12.8 4.0 0.3 16.5 24 15 U.S. 11.3 19.1 2.7 0.1 8.6 24 15 Foreign 17.7 30.0 3.3 0.1 19.1 18 21 Domestic Use World 3.0 5.1 4.3 0.0 14.0 22 17 U.S. 3.8 6.4 1.4 0.0 4.5 24 14 Foreign 3.8 6.4 4.1 0.1 11.0 24 15 Ending Stocks World 17.1 29.1 4.9 0.3 18.6 23 16 U.S. 43.8 74.4 2.3 0.0 6.6 8 31 Foreign 18.8 31.9 4.5 0.3 19.9 21 18 COTTON Million 480 -Pound Bales Production World 4.4 7.5 2.9 0.0 10.9 20 18 U.S. 5.4 9.2 0.7 0.0 2.4 22 17 Foreign 5.1 8.6 2.6 0.0 10.5 19 19 Exports World 7.8 13.2 2.0 0.1 8.5 23 16 U.S. 17.4 29.5 1.1 0.1 3.1 23 16 Foreign 10.4 17.7 1.6 0.1 8.3 20 19 Domestic Use World 4.9 8.3 3.5 0.1 19.5 18 21 U.S. 10.0 17.0 0.4 0.0 1.2 18 20 Foreign 4.9 8.4 3.4 0.0 18.6 18 21 Ending Stocks World 13.3 22.6 5.3 0.0 15.8 23 15 U.S. 37.8 64.1 1.2 0.0 4.3 11 27 Foreign 14.2 24.2 4.9 0.2 15.6 27 12 1/ Marketing years 1981/82 through 2020/21 for grains, soybeans (U.S. only), and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2019/20, and for 2020/21 the last mo nth’s estimate. There was no WASDE published in October 2013, due to a partial government shutdown, so no 2013/14 forecasts were published for that month. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. October 2021 WASDE - 617 - 37 Reliability of United States October Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 2.8 4.8 190 5 618 21 18 Exports 16.1 27.4 250 12 700 18 21 Domestic Use 3.9 6.6 223 5 600 21 18 Ending Stocks 27.8 47.2 344 18 1,187 21 18 SORGHUM Production 4.7 8.0 18 0 71 22 16 Exports 25.1 42.7 40 1 130 22 17 Domestic Use 20.6 35.0 37 0 125 18 20 Ending Stocks 52.1 88.4 29 0 142 13 25 BARLEY Production 1.4 2.4 3 0 24 9 16 Exports 53.2 90.3 11 0 38 17 17 Domestic Use 7.6 12.8 17 0 70 13 25 Ending Stocks 13.9 23.6 14 1 56 24 15 OATS Production 2.5 4.2 2 0 18 6 12 Exports 89.2 151.4 1 0 8 10 12 Domestic Use 5.4 9.2 11 0 39 13 25 Ending Stocks 22.6 38.3 14 0 47 26 12 SOYBEAN MEAL Thousand Short Tons Production 3.6 6.1 1,087 105 2,815 26 13 Exports 11.5 19.4 737 0 2,200 23 15 Domestic Use 3.5 5.9 782 45 2,650 22 17 Ending Stocks 31.8 54.0 49 0 198 16 15 SOYBEAN OIL Million Pounds Production 3.7 6.3 505 1 1,473 28 11 Exports 30.7 52.1 401 25 1,525 22 17 Domestic Use 3.9 6.6 462 20 1,928 26 13 Ending Stocks 25.9 44.0 390 35 1,327 20 19 ANIMAL PROD. Million Pounds Beef 3.8 6.5 768 18 2,461 24 14 Pork 3.2 5.3 414 2 1,592 19 19 Broilers 1.8 3.1 415 23 1,337 23 15 Turkeys 3.7 6.2 143 2 444 19 19 Million Dozen Eggs 1.8 3.0 102 4 468 24 14 Billion Pounds Milk 1.5 2.6 2.0 0.2 6.8 20 18 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2020/21 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate followin g the marketing year for 1981/82 through 2020/21. Calendar years 1982 through 2020 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982- 2020. There was no WASDE published in Oct ober 2013, due to a partial government shutdown, so no 2013/14 forecasts in that month were published for grains, soybeans, and cotton, and no 2013 forecast was published in that month for animal products. WASDE-617-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive databa se of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. IPAD i s located at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric- Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ To subscribe to receive WASDE -related notifications by email or text message visit https://public.govdelivery.com/accounts/USDAOC/subscriber/new?topic_id=USDAOC_223 . Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Sewadeh at mirvat. [email protected] World Agricultural Supply and Demand Estimates WASDE -617 – October 12, 2021 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202 - 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326 -W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554-9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 554 Approved by the Worl d Agricultural Outlook Board June 10, 2016 Note: Because planting is still underway in the Northern Hemisphere and remains several months away in the Southern Hemisphere, these projections are highly tentative. National Agricultural Statistics Service (NASS) forecasts are used for U.S. winter wheat area, yield, and production. For other U.S. crops, methods used to project acreage and yield are noted on each table. WHEAT: Projected U.S. wheat supp lies for 2016/17 are raised this month on both increased beginning stocks and larger winter wheat pr oduction. Beginning stocks are raised slightly with a 3-million-bushel decreas e in 2015/16 imports partially offsetting a 5-million-bushel export reduction. Projected production for 2016/17 is up 79 million bu shels mainly on improved prospects for the Ha rd Red Winter wheat crop in the Great Plains following excellent growing conditions throughout the spring months. Consequently, the winter wheat yield is forecast to be record high. Feed and residual use for 2016/ 17 is raised 30 million bushels to 200 million on the larg er crop as well as increased wheat price competitiveness with corn. Imports are lowered 5 million bushels, and exports ar e raised 25 million bushels to 900 million, up significant ly from the previous year’s depr essed total but still below the five year-average. Ending stocks ar e raised 21 million bu shels to 1,050 million, the largest in 29 years. Global wheat supplies for 2016/17 are raised 3.9 m illion tons with produc tion increases for the EU, Russia, and the Un ited States more than offsetting reductions fo r Brazil and Mexico. The EU production increase is en tirely for Spain and reflects favorable growing conditions as confirmed with satellite image ry data. The production fo recast for France is unchanged despite heavy rain for the month of May. Although abundant precipitation can reduce yield prospects in low-lying areas, it may increase yield elsewhere. French wheat was in excellent condition prior to the onset of the rain and expectation s for a return to dr yness in the latter part of the grain filling st age is anticipated to further mitigate crop losses. Production in Russia is increased on updated government estimates showing la rger spring wheat area. Foreign exports for 2016/17 ar e up 1.0 million tons with the EU and Russia each up 0.5 million tons given their increas ed production. The primary gl obal import changes are a 1.0- million-ton increase fo r India on low international pric es increasing demand, and a 0.4- million-ton increase for Indonesia. Total world consumption is up 3.4 million tons led by a 1.2-million-ton increase fo r India food use, a 1. 0-million-ton increase fo r EU feed use, and a 0.4-million-ton increase fo r Indonesia feed use. For the EU, the late season rain in major producing regions is expected to reduce wheat quality and increa se feeding. Global ending stocks are raised fractionally and remain record large. COARSE GRAINS: The 2016/17 outlook for U.S. feed grain supplie s is lowered this month with declines for corn, sorghum, and oats beginning stocks more than offsetting an increase for barley. Projected corn production for 2016/17 is unchanged at a reco rd 14,430 million WASDE-554-2 bushels. Corn ending stocks for 2015/16 are reduced 95 million bushels as a 100-million- bushel increase in the co rn export forecast more than of fsets a slightly higher import projection. As of early June, total U.S. corn export commitments (a ccumulated exports plus outstanding sales) are above year-ago levels for the first time in the 2015/16 marketing year. Reduced corn production in Brazil and harvest delays in Argentina have improved the relative competitiveness of U.S. corn in recent weeks. The U.S. co rn export projection for 2016/17 is raised 50 million bushels as U.S. supplie s are expected to remain more competitive in 2016/17 wit h less production for Brazil. Corn ending stocks for 2016/17 are projected at 2,008 million bushels, dow n 145 million from last month. Changes to 2016/17 sorghu m beginning stocks reflect highe r 2015/16 foreca sts for sorghum use. Projected exports are raised 15 million bushels base d on recent food aid shipments and increased export sales. Fo od, seed, and industrial use is expected 10 million bushels higher based on repo rted sorghum use for ethanol pr oduction in the latest Grain Crushings and Co-Products Production report. Projected feed and resi dual use and ending stocks are both lowered. The season-average farm price for corn is raised for both 2015 /16 and 2016/17. The 2015/16 price is forecast up 10 cents per bus hel at the midpoint with a range of $3.60 to $3.80 per bushel. Th e 2016/17 price is projecte d 15 cents per bushel hi gher at the midpoint with a range of $3.20 to $3 .80 per bushel. Price outlooks for the other feed gr ains in 2016/17 are also raised this month. Foreign coarse grain supplies fo r 2016/17 are projected up 5.3 million tons, driven mostly by larger corn producti on in Mexico and gr eater barley production in the EU and Ukraine. Brazil corn production for 2015/16 is lowered 3.5 milli on tons to 77.5 million, as an early end to the rainy season in west-central Brazil has reduced yields for second-crop corn. Mexico corn production is raised 1.0 million tons for 2015/16 base d on revisions to o fficial government estimates and 0.7 million tons for 2016/17 reflecting a favorable st art to the rainy season and improved reservoir levels. EU barley production fo r 2016/17 is raised 2.3 million tons, as abundant rainfall and excellent gro wing conditions during grain f ill boost yield prospects for Spain. Ukraine barley production is raised 0.9 million tons on higher area as the impact of fall dryness was not as large as previously expected. Global 2016/17 coarse grain cons umption is raised 4.1 million tons with larg er corn and barley feeding for Iran and greater barley feedi ng for the EU and Saudi Arabia. Reductions in 2015/16 and 2016/17 Brazil corn exports are offset by higher exports for the United States and reduced imports for the EU and Mexico. Global corn ending stoc ks for 2016/17 are projected 1.9 m illion tons lower as the reduction for th e United States mo re than offsets higher foreign stocks. At the projected 205.1 million tons, worl d corn stocks are expected to decline slightly in 2016/17. RICE: U.S. 2015/16 rice ending st ocks are lowered 0.5 million cw t this month to 42.9 million on a 1.0-million-cwt increase in ex ports which is partially offset by a 0.5-millio n-cwt increase in imports. The larger exports are based on a faster-t han-expected pace of sales of southern medium- and short-grain rice to North Africa and the Midd le East. Exports for 2016/17 are lowered 1.0 million cwt to 112.0 million, with reductions for medi um- and short-gr ain, due to tightening supplies. Ending st ocks for 2016/17 are raised 0.5 millio n cwt to 50.9 million, and are the largest ending stocks since the mid-1980’s. WASDE-554-3 The 2015/16 all rice season-aver age price is lowered $0.10 per cwt on both the high and low ends of the range. The 2016/17 a ll rice price is rais ed $0.30 per cwt at the midpoint based on stronger-than-expected fo rward prices for long-grain rice and strengthening prices in international markets. Global rice supplies are raised fractionally for both 2015/1 6 and 2016/17. The largest change is a 0.5-million-to n increase in 2015/16 India production to 10 3.5 million on updated government data. Only slight c hanges are made this month to gl obal trade, use, and ending stocks for both the 2015/16 and 2016/17 ma rketing years. OILSEEDS: This month’s U.S. so ybean supply and use projec tions for 2016/17 include lower beginning stocks, higher ex ports, and lower ending stocks. Lower beginning stocks in 2016/17 reflect higher cr ush and export projecti ons for 2015/16. Soy bean crush for 2015/16 is raised 10 million bushels to 1,890 million reflecting an increase in pr ojected soybean meal exports. Soybean me al exports are raised in part on commitment s through early June. Soybean exports for 2 015/16 are projec ted at 1,760 million bushel s, up 20 million with reduced soybean product ion and exports for Br azil and Uruguay. Soy bean ending stocks for 2015/16 are projected at 370 million bushels, down 30 millio n from last mo nth. Ending stocks for 2016/17 are reduced 45 million bushels to 260 m illion on lower beginning stocks and increased exports. Exports are raised with reductions for Brazil and Ukraine. The 2016/17 season-average price for soybeans is fore cast at $8.75 to $10.25 per bushel, up 40 cents at the midpoin t. Soybean meal prices are forecast at $320 to $360 per short ton, up $20 at the midpoint. Soybean oil prices are unchanged at 30.5 to 33 .5 cents per pound. Global oilseed production for 2016/17 is projected at 533.9 millio n tons, up fractionally from last month. Sunflowerseed pro duction is raised for Ukraine on higher pl anted area based on reported planting progre ss to date. The incr ease for sunflowe rseed is mostly offset with reduced soybean and cott onseed production for Ukraine and China, re spectively. Changes for 2015/16 incl ude reduced soy bean production for Brazil, Urug uay, and China. The Brazil soybean crop is reduced 2.0 million tons to 97.0 million reflecting the latest crop production report from the Government of Brazil. Hot, dry cond itions in parts of the Center-West and northeast resulted in reduced yields. With a lower soybean producti on estimate, Brazil October-September year exports and stocks are reduced for both 2015/16 and 2016/17. Higher pr ojected U.S. exports in 2015/16 and 2016/17 partly offset the dec line to Brazil trade and reduce U.S. ending stocks. Other trade changes in 2015/ 16 include reduced ex ports for Uruguay and im ports for Bangladesh, Pakistan, and Vietnam. Ukraine 2016/17 soybean exports are also cut with a lower forecast crop. With lower global soybean beginning st ocks and production, an d a negligible change to crush, global stocks for 201 6/17 are projected at 66.3 m illion tons, down 1.9 million from last month. SUGAR: U.S. sugar import s for 2015/16 are incr eased by 182,558 sh ort tons, raw value (STRV) from last month. Although the U.S. Department of Agricult ure (USDA) announced the increase of the raw sugar tariff-rate quota (TRQ) by 140,000 STRV on May 17, 2016, it is estimated that 122,558 of that amount will enter, implyi ng an increase in the total raw sugar TRQ shortfall of 17,442 to 45,000. Followi ng the Department of Commerce’s approval of WASDE-554-4 USDA’s request for an additional 60,000 STRV of raw sugar im ports from Mexico based on an additional need for “Other Sugar” of polarity of less th an 99.2 and consis tent with the CVD Suspension Agreement, sugar im ports from Mexico are increas ed by that amount. U.S. sugar production is in creased by 7,874 STRV based on end-of-season reporting in Florida and Texas. Based on pace to date, exports fo r 2015/16 are reduced by 35,000 STRV to 65,000 and deliveries fo r re-export products ar e increased by 30,000 to 130,000. Ending stocks for 2015/16 are calculated residually at 1.939 million STRV, implying an ending stocks-to-use ratio of 15.85 percent. Total U.S. sugar supply for 2016/17 is increas ed by 192,176 STRV base d on the increase in beginning stocks less a small reduc tion in expected refined suga r TRQ imports. No change in imports from Mexico for 2016/ 17 is made at this time as the Departme nt of Commerce will announce the first 2016/17 Export Limit in July . Total U.S. sugar use for 2016/17 is decreased by 15,000 STRV as a 25,000 STRV decreas e in exports is part ially offset by a 10,000 STRV increase in deliv eries for re-export products. Mexico sugar exports fo r 2015/16 are increased by 91,350 metric tons (MT) with exports to the United States increased by 51,350 and exports to third-country destin ations increased by 40,000. With no other changes made to the Me xico sugar balance eith er for 2015/16 or for 2016/17, the reported changes reduce expected ending stocks in both years by the same 91,350 MT. LIVESTOCK, POULTRY, AND DAIRY: The forecast for total red meat and poultry production in 2016 an d 2017 is lowered from last month, largely as higher feed prices dampen the rate of production gr owth. Beef production for 2016 is reduce d mostly on lower carcass weights, but the pace of second-quarter sl aughter is slightly sl ower than previously expected. Production in 2017 is reduced on slightly lower carcass weights as higher feed prices are expected to enc ourage cattle feeders to minimize the amount of time cattle are on feed. Pork production for 2016 and 2017 is lowe red as higher feed pr ices are expected to impact weights through early 2017. USDA’s Quarterly Hogs and Pigs report will be released on June 24 and provid e an indication of prod ucer farrowing intentions for the remainder of 2016. Broiler and turkey production for la te-2016 and early-2017 is lowered as higher feed prices slow the expected rate of expansion. Turkey production in the second quarter 2016 is reduced on the current pace of slaughter. Egg production for 2016 is also reduced on expected weaker returns. Forecasts for 2016 and 2017 bee f imports are unchanged from last month; the export forecast is reduced slight ly on the pace of trade to date. No c hange is made to pork imports or exports for 2016 or 2017. Broiler and turkey export forecasts are unchanged as well. Cattle prices for 2016 ar e raised from last mont h on prices to date, bu t the forecast for 2017 is unchanged. Likewise, hog pr ices are higher in 2016 but unchanged for 2017. Broiler prices are raised fo r both 2016 and 2017 as do mestic demand has str engthened and the rate of production growth has slowed. Turkey prices are raised for 2016, but unchanged for 2017. Although the rate of production growth is slowed, the recovery in demand has been weaker than expected. Egg prices ar e reduced from last month on continued weakness in demand. Milk production forecast s for 2016 and 201 7 are raised from last mo nth as recently reported cow numbers indicate the herd continues to expand. No change is made to outp ut per cow. WASDE-554-5 Fat and skim -solids basis ex port forecasts for 2016 and 2017 are lower ed as international supplies of dairy products remain abundant and U.S. pric es remain high rela tive to those of competitors. Fat and skim-solids basis stocks ar e forecast hig her as stocks of butter and cheese are expected to re main relatively high. Fat basis imports are reduc ed for both 2016 and 2017 on expectations of slow er imports of butterfat pr oducts, and to a lesser extent, cheese. Cheese and butter prices for 2016 are forecast higher based on recent price data and lower forecast imports, despite relatively large stocks . The nonfat dry milk (NDM) price is raised based on recent price streng th. The whey price forecast is unchanged at the midpoint. Cheese prices are forecast lowe r for 2017 as relative ly high stocks pressu re the market, but the prices of butter, ND M, and whey are unchanged from last month. Class III and Class IV price forecasts are raised fo r 2016 on component product pr ices. For 2017, the Class III price is lowered on lower chees e prices, but the Class IV pric e is unchanged. The all milk price is forecast higher at $14.95 to $15.35 per cwt for 2016, but is un changed at $15.25 to $16.25 per cwt for 2017. COTTON: A marginal reducti on of 50,000 bales in 2015/16 dome stic mill use is the sole revision in this month’s U.S. cotton supply and demand estimates. U.S. ending stocks are now forecast at 4.1 million bales for 2015/16 and 4.8 million bales for 2016/17. The forecasts for the marketing year average price received by producers are unchanged for both seasons. The world 2016/17 cotton projections include lower beginni ng and ending sto cks, due mainly to reductions in ex pected production by China. The Ch ina crop estimate s are reduced 1.3 million bales for 2015/16 and 1.0 million bales fo r 2016/17, based on r eports from Chinese sources indicating th at 2015-crop production in eastern China was lo wer than previously estimated. Projected 2016/17 production is also reduced for Egypt and the African Franc Zone, with Egypt’s production pegged at its lowest level since the mid-1800’s. Slightly lower world consumption includes a reducti on for India, partially offset by an increase for Turkey. Projected global stocks of 94.7 million bales are 1.7 million bal es below last month, reflecting a 2.0-million-bale decrease in China ending stocks. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Seth D. Meyer, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: ALEXIS M. TAYLOR SECRETARY OF AGRICULTURE DESIGNATE WASDE-554-6 INTERAGENCY COMMODIT Y ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers, ICEC Chair, WAOB, E-mail : [email protected] Jennifer Bond, ERS; Teresa McKeiv ier, FAS; Mark Simone, FSA. Rice: William Chambers, ICEC Chair, WAOB, E-mail : wchambers @oce.usda.gov Nathan Childs, ERS; Rachel Tr ego, FAS; Mark Simone, FSA. Feed Grains: Jerry Norton, ICEC Chair, WAOB, E-mail : [email protected] Thomas Capehart, ERS; Yoonhee Mack e, FAS; Susan Proper, FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail : [email protected] Mark Ash, ERS; Bill George , FAS; Susan Proper, FSA. Cotton: Carol Skelly, ICEC Chair, WAOB, E-mail : [email protected] Darryl Earnest, AMS; Leslie Me yer, ERS; James Johnson, FAS; Sherrie Grimm, FSA. Sugar: Stephen Haley, ICEC Chair, WAOB, E-mail : [email protected] Michael McConnell, ERS; Ron Lor d, FAS; Barbar a Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Sherry Wise, AMS; Kenneth Mathews, ERS; Claire Mezoughem, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Larry Haller, AMS; David Harvey, ERS; Joa nna Hitchner, FAS; Milt on Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Roger Cryan, AMS; Jerry Cessna, ERS; Pa ul Kiendl, FAS; Milt on Madison, FSA. In 2016, the WASDE report will be released on Jul. 12, Aug. 12, Sep. 12, Oct. 12, Nov. 9, Dec. 9. WASDE-554-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................... 1 Interagency Commodity Estimates Committees ..................................................... 6 World & U.S. Supply & Use for Grains ................................................................... 8 World & U.S. Supply & Use for Cotton ................................................................... 9 World & U.S. Supply & Use for Oilseeds .............................................................. 10 U.S. Wheat Supply & Use .................................................................................... 11 U.S. Wheat Supply & Use by Class ..................................................................... 11 U.S. Feed Grain & Corn Supply & Use ................................................................ 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13 U.S. Rice Supply & Use ....................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................ 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ............................................................................. 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use .................................................................................. 18 World Coarse Grains Supply & Use ..................................................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use ..................................................................................... 24 World Cotton Supply & Use ................................................................................. 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ..................................................................... 29 World Soybean Oil Supply & Use......................................................................... 30 U.S. Quarterly Animal Product Production ........................................................... 31 U.S. Quarterly Prices for Animal Products ........................................................... 31 U.S. Meats Supply and Use ................................................................................. 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use .................................................................................... 33 U.S. Dairy Prices ................................................................................................. 34 Reliability Tables ................................................................................................. 35 Related USDA Reports ........................................................................................ 38 Metric Conversion Factors ................................................................................... 38 Electronic Access and Subscriptions ....................................................................... 40 June 2016 WASDE - 554 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Outpu tTotal SupplyTrade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2014/15 2509.91 3030.55 393.77 2455.01 575.55 2015/16 (Est.) 2459.84 3035.39 372.57 2442.92 592.47 filler filler filler filler filler 2016/17 (Proj.) May 2506.33 3100.20 375.05 2495.22 604.99 2016/17 (Proj.) Jun 2514.55 3107.01 377.89 2502.57 604.44 filler filler filler filler filler Wheat 2014/15 726.94 921.13 164.14 704.59 216.54 2015/16 (Est.) 734.24 950.78 168.28 707.77 243.01 filler filler filler filler filler 2016/17 (Proj.) May 726.99 969.90 163.92 712.56 257.34 2016/17 (Proj.) Jun 730.83 973.83 165.59 716.00 257.84 filler filler filler filler filler Coarse Grains 5/ 2014/15 1304.24 1516.36 185.63 1271.74 244.62 2015/16 (Est.) 1254.71 1499.33 163.04 1256.49 242.84 filler filler filler filler filler 2016/17 (Proj.) May 1298.63 1543.17 170.48 1302.14 241.03 2016/17 (Proj.) Jun 1303.00 1545.84 171.77 1306.19 239.65 filler filler filler filler filler Rice, milled 2014/15 478.73 593.07 44.00 478.68 114.39 2015/16 (Est.) 470.89 585.28 41.25 478.66 106.62 filler filler filler filler filler 2016/17 (Proj.) May 480.71 587.14 40.66 480.53 106.61 2016/17 (Proj.) Jun 480.72 587.34 40.53 480.39 106.95 filler filler filler filler filler United States Outpu tTotal Supply Trade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2014/15 439.49 499.16 83.13 347.06 68.98 2015/16 (Est.) 428.85 505.55 79.31 350.39 75.86 filler filler filler filler filler 2016/17 (Proj.) May 443.96 530.07 81.61 360.04 88.41 2016/17 (Proj.) Jun 446.12 529.49 83.53 360.86 85.10 filler filler filler filler filler Wheat 2014/15 55.15 75.28 23.25 31.55 20.48 2015/16 (Est.) 55.84 79.50 21.09 31.74 26.67 filler filler filler filler filler 2016/17 (Proj.) May 54.37 84.52 23.81 32.71 27.99 2016/17 (Proj.) Jun 56.53 86.60 24.49 33.53 28.58 filler filler filler filler filler Coarse Grains 5/ 2014/15 377.23 414.96 56.67 311.35 46.95 2015/16 (Est.) 366.90 417.63 55.01 314.79 47.83 filler filler filler filler filler 2016/17 (Proj.) May 382.26 436.08 54.21 323.04 58.82 2016/17 (Proj.) Jun 382.26 433.43 55.48 323.04 54.90 filler filler filler filler filler Rice, milled 2014/15 7.11 8.91 3.21 4.16 1.55 2015/16 (Est.) 6.11 8.42 3.21 3.85 1.36 filler filler filler filler filler 2016/17 (Proj.) May 7.34 9.47 3.59 4.29 1.60 2016/17 (Proj.) Jun 7.34 9.46 3.56 4.29 1.62 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). June 2016 WASDE - 554 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Outpu tTotal Supply Trade 2 /Total UseEnding Stocks Total Grains 4/ 2014/15 2,070.42 2,531.39 310.65 2,107.95 506.57 2015/16 (Est.) 2,030.99 2,529.84 293.27 2,092.53 516.61 filler filler filler filler filler 2016/17 (Proj.) May 2,062.37 2,570.13 293.44 2,135.17 516.58 2016/17 (Proj.) Jun 2,068.43 2,577.52 294.36 2,141.71 519.34 filler filler filler filler filler Wheat 2014/15 671.80 845.85 140.90 673.03 196.06 2015/16 (Est.) 678.40 871.28 147.19 676.03 216.34 filler filler filler filler filler 2016/17 (Proj.) May 672.63 885.38 140.10 679.84 229.35 2016/17 (Proj.) Jun 674.30 887.23 141.10 682.47 229.26 filler filler filler filler filler Coarse Grains 5/ 2014/15 927.00 1,101.39 128.96 960.39 197.67 2015/16 (Est.) 887.81 1,081.70 108.03 941.70 195.01 filler filler filler filler filler 2016/17 (Proj.) May 916.37 1,107.09 116.27 979.09 182.21 2016/17 (Proj.) Jun 920.75 1,112.41 116.29 983.14 184.75 filler filler filler filler filler Rice, milled 2014/15 471.62 584.15 40.79 474.53 112.83 2015/16 (Est.) 464.78 576.86 38.04 474.80 105.26 filler filler filler filler filler 2016/17 (Proj.) May 473.38 577.66 37.07 476.24 105.01 2016/17 (Proj.) Jun 473.38 577.88 36.97 476.11 105.33 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales Outpu tTotal Supply Trade 2 /Total Use 3 /Ending Stocks World 2014/15 119.07 222.31 35.35 110.12 112.45 2015/16 (Est.) 98.15 210.60 34.23 108.78 102.08 filler filler filler filler filler 2016/17 (Proj.) May 104.36 207.20 33.11 110.78 96.48 2016/17 (Proj.) Jun 103.17 205.24 33.33 110.59 94.73 filler filler filler filler filler United States 2014/15 16.32 18.68 11.25 3.58 3.70 2015/16 (Est.) 12.89 16.63 9.00 3.55 4.10 filler filler filler filler filler 2016/17 (Proj.) May 14.80 18.81 10.50 3.60 4.70 2016/17 (Proj.) Jun 14.80 18.91 10.50 3.60 4.80 filler filler filler filler filler Foreign 4/ 2014/15 102.75 203.63 24.11 106.55 108.75 2015/16 (Est.) 85.26 193.97 25.23 105.23 97.98 filler filler filler filler filler 2016/17 (Proj.) May 89.56 188.39 22.61 107.18 91.78 2016/17 (Proj.) Jun 88.37 186.33 22.83 106.99 89.93 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. * Planted area based on March 31 Prospective Plantings. Harvested area based on th e previous 10-year average abandonment by region, with the Southwest estimated at 12 percen t due to favorable moisture. Yield per harveste d acre based on the previous 3-year average by region. June 2016 WASDE - 554 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Outpu tTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2014/15 536.98 614.57 146.99 439.72 92.58 2015/16 (Est.) 519.09 611.66 150.99 450.01 82.94 filler filler filler filler filler 2016/17 (Proj.) May 533.82 618.77 156.08 460.66 76.89 2016/17 (Proj.) Jun 533.87 616.80 155.51 461.61 75.11 filler filler filler filler filler Oilmeals 2014/15 299.68 313.69 85.16 295.04 15.15 2015/16 (Est.) 308.99 324.14 89.53 306.72 14.43 filler filler filler filler filler 2016/17 (Proj.) May 317.04 332.13 92.40 316.70 13.37 2016/17 (Proj.) Jun 317.44 331.86 92.71 316.58 13.03 filler filler filler filler filler Vegetable Oils 2014/15 177.16 198.30 76.62 172.36 20.28 2015/16 (Est.) 179.00 199.28 76.64 178.19 18.15 filler filler filler filler filler 2016/17 (Proj.) May 185.49 203.79 78.43 183.85 16.87 2016/17 (Proj.) Jun 185.92 204.07 78.74 183.70 17.03 filler filler filler filler filler United States Outpu tTotal Suppl y TradeTotal Use 2 / Endin g St ocks Oilseeds 2014/15 116.03 121.82 51.14 55.11 6.76 2015/16 (Est.) 116.05 124.06 48.79 55.20 11.97 filler filler filler filler filler 2016/17 (Proj.) May 112.92 127.00 52.35 56.27 10.20 2016/17 (Proj.) Jun 112.92 126.16 52.75 56.26 8.95 filler filler filler filler filler Oilmeals 2014/15 43.27 47.42 12.18 34.95 0.29 2015/16 (Est.) 42.72 47.17 10.93 35.90 0.34 filler filler filler filler filler 2016/17 (Proj.) May 43.64 48.28 11.19 36.75 0.34 2016/17 (Proj.) Jun 43.68 48.32 11.20 36.78 0.34 filler filler filler filler filler Vegetable Oils 2014/15 10.94 16.13 1.17 13.75 1.21 2015/16 (Est.) 11.17 16.81 1.21 14.10 1.50 filler filler filler filler filler 2016/17 (Proj.) May 11.30 17.18 1.33 14.56 1.29 2016/17 (Proj.) Jun 11.30 17.18 1.35 14.55 1.29 filler filler filler filler filler Foreign 3/ OutputTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2014/15 420.95 492.75 95.86 384.61 85.82 2015/16 (Est.) 403.04 487.60 102.20 394.81 70.97 filler filler filler filler filler 2016/17 (Proj.) May 420.90 491.77 103.74 404.39 66.69 2016/17 (Proj.) Jun 420.95 490.64 102.76 405.34 66.16 filler filler filler filler filler Oilmeals 2014/15 256.41 266.27 72.98 260.09 14.85 2015/16 (Est.) 266.27 276.97 78.60 270.82 14.09 filler filler filler filler filler 2016/17 (Proj.) May 273.40 283.85 81.22 279.95 13.04 2016/17 (Proj.) Jun 273.76 283.55 81.51 279.80 12.70 filler filler filler filler filler Vegetable Oils 2014/15 166.23 182.17 75.45 158.61 19.07 2015/16 (Est.) 167.84 182.47 75.42 164.09 16.65 filler filler filler filler filler 2016/17 (Proj.) May 174.19 186.61 77.10 169.28 15.58 2016/17 (Proj.) Jun 174.63 186.89 77.40 169.15 15.74 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. June 2016 WASDE - 554 - 11 U.S. Wheat Supply and Use 1/ 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. May Jun Million Acres Area Planted 56.8 54.6 49.6 * 49.6 * Area Harvested 46.4 47.1 42.8 * 42.8 * Bushels Yield per Harvested Acre 43.7 43.6 46.7 * 48.6 * Million Bushels Beginning Stocks 590 752 978 980 Production 2,026 2,052 1,998 2,077 Imports 149 117 130 125 Supply, Total 2,766 2,921 3,106 3,182 Food 958 960 963 963 Seed 79 66 69 69 Feed and Residual 122 140 170 200 Domestic, Total 1,159 1,166 1,202 1,232 Exports 854 775 875 900 Use, Total 2,014 1,941 2,077 2,132 Ending Stocks 752 980 1,029 1,050 Avg. Farm Price ($/bu) 2/ 5.99 4.90 3.70 - 4.50 3.60 - 4.40 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winte rHard Red SpringSoft Red Winte r White Durum Total Millio nBushels 2015/16 (Est.) Beginning Stocks 294 212 154 67 26 752 Production 827 564 359 219 82 2,052 Supply, Total 3/ 1,127 828 532 293 141 2,921 Domestic Use 471 283 233 100 78 1,166 Exports 227 250 120 143 35 775 Use, Total 698 533 353 243 113 1,941 Ending Stocks, Total Jun 428 295 179 50 28 980 Ending Stocks, Total May 425 298 179 48 28 978 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing-year weighted average price received by farmers. 3/ Includes imports. * Planted acre s reported in the March 31, 20 16, "Prospective Plantings." Harvested acres and yield for other spring wheat and Durum are projected using 10-y ear harvested-to-planted ratios by state and 1985-2015 yield trends by state (except for Arizona, California, and Idaho Durum). For May, winter wheat harvested acres and yield reported in the May 10, 2016,"Crop Production." For June, winter wheat harvested acres and yield reported in the June 10, 2016,"Crop Production." ****************************************************************************** Wheat-by-class projections for 2016/17 will first be published in the July 12, 2016, WASDE. ****************************************************************************** June 2016 WASDE - 554 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. May Jun Million Acres Area Planted 103.5 103.1 106.7 * 106.7 * Area Harvested 93.1 93.0 95.9 * 95.9 * Metric Tons Yield per Harvested Acre 4.05 3.94 3.98 3.98 Million Metric Tons Beginning Stocks 34.3 46.9 50.4 47.8 Production 377.1 366.6 382.1 382.1 Imports 3.2 3.6 3.1 3.1 Supply, Total 414.5 417.1 435.6 433.0 Feed and Residual 139.5 138.6 146.2 146.2 Food, Seed & Industrial 171.4 175.8 176.4 176.4 Domestic, Total 310.9 314.4 322.6 322.6 Exports 56.7 55.0 54.2 55.5 Use, Total 367.6 369.4 376.8 378.1 Ending Stocks 46.9 47.8 58.8 54.9 CORN 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. May June Million Acres Area Planted 90.6 88.0 93.6 * 93.6 * Area Harvested 83.1 80.7 85.9 * 85.9 * Bushels Yield per Harvested Acre 171.0 168.4 168.0 * 168.0 * Million Bushels Beginning Stocks 1,232 1,731 1,803 1,708 Production 14,216 13,601 14,430 14,430 Imports 32 60 40 40 Supply, Total 15,479 15,392 16,273 16,178 Feed and Residual 5,323 5,250 5,550 5,550 Food, Seed & Industrial 2/ 6,560 6,610 6,670 6,670 Ethanol & by-products 3/ 5,200 5,250 5,300 5,300 Domestic, Total 11,883 11,860 12,220 12,220 Exports 1,864 1,825 1,900 1,950 Use, Total 13,748 13,685 14,120 14,170 Ending Stocks 1,731 1,708 2,153 2,008 Avg. Farm Price ($/bu) 4/ 3.70 3.60 - 3.80 3.05 - 3.65 3.20 - 3.80 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access th e data on the Web through the Feed Grains Database at www.ers.usda.gov/data-products/feed-grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by fa rmers. * Planted acres reported in the March 31, 2016, "Prospective Plantings." For corn, harvested acres projected based on historical abandonment and use for silage. Projected yield based on a weather adjusted trend model that assumes normal mid-May planting progress and summer weather. The trend yield is not adjusted for planting pace as yield is largely determined by July weather. (For an explanation of the yield trend model see Westcott and Jewison, Weather Effects on Expect ed Corn and Soybean Yields, USDA-ERS, Feed Outlook No. (FDS-13G-01), July 2013, www.ers.usda.gov/publications/fds-feed-outlook/fds-13g-01.aspx.) June 2016 WASDE - 554 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. May Jun Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 7.1 8.5 7.2 * 7.2 * Area Harvested (mil. acres) 6.4 7.9 6.3 * 6.3 * Yield (bushels/acre) 67.6 76.0 65.0 * 65.0 * Beginning Stocks 34 18 65 55 Production 433 597 407 407 Imports 0511 Supply, Total 467 620 473 463 Feed and Residual 81 100 100 100 Food, Seed & Industrial 15 135 100 100 Total Domestic 96 235 200 200 Exports 353 330 220 220 Use, Total 449 565 420 420 Ending Stocks 18 55 53 43 Avg. Farm Price ($/bu) 2/ 4.03 3.20 - 3.40 2.85 - 3.45 2.95 - 3.55 Filler Filler Filler Filler Filler BARLEY 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. May June Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.0 3.6 3.1 * 3.1 * Area Harvested (mil. acres) 2.5 3.1 2.7 * 2.7 * Yield (bushels/acre) 72.7 68.9 71.0 * 71.0 * Beginning Stocks 82 79 97 99 Production 182 214 193 193 Imports 24 20 20 20 Supply, Total 287 313 310 312 Feed and Residual 43 50 50 50 Food, Seed & Industrial 151 153 153 153 Total Domestic 194 203 203 203 Exports 14 11 15 15 Use, Total 209 214 218 218 Ending Stocks 79 99 92 94 Avg. Farm Price ($/bu) 2/ 5.30 5.50 4.30 - 5.10 4.40 - 5.20 Filler Filler Filler Filler Filler OATS 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. May June Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.8 3.1 2.8 * 2.8 * Area Harvested (mil. acres) 1.0 1.3 1.0 * 1.0 * Yield (bushels/acre) 67.9 70.2 66.0 * 66.0 * Beginning Stocks 25 54 60 58 Production 70 90 68 68 Imports 1 0 78 89 59 5 Supply, Total 202 231 223 221 Feed and Residual 70 95 90 90 Food, Seed & Industrial 77 77 78 78 Total Domestic 147 172 168 168 Exports 2222 Use, Total 149 173 170 170 Ending Stocks 54 58 53 51 Avg. Farm Price ($/bu) 2/ 3.21 2.15 1.70 - 2.10 1.80 - 2.20 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; J une 1 for barley and oats. 2 / Marketing-year weighted average price received by farmers. * Planted acres reported in the March 31, 2016, "Prospective Planti ngs." Harvested area - For sorghum, harvested acr es are based on the average harvested-to-planted ratio for 2010-2015, excluding the 2011 low. For barley and oats, harvested acres are based on the 5-year av erage harvested-to-planted ratios, 2011-2015. Yield - For sorgh um the projected yield is based on the average for 1990-2015 excluding year s that are more than 1 standa rd deviation from the mean for the period. For barley and oats , projected yields are based on the 1990-2015 tr ends. Yields shown reflect production rounding. June 2016 WASDE - 554 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. May Jun Million Acres Area Planted 2.95 2.61 3.06 * 3.06 * Area Harvested 2.93 2.58 3.03 * 3.03 * Filler Pounds Yield per Harvested Acre 7,576 7,470 7,618 * 7,618 * Million Hundredweight Beginning Stocks 2/ 31.8 48.5 43.4 42.9 Production 222.2 192.3 231.0 231.0 Imports 24.7 24.0 24.0 24.0 Supply, Total 278.7 264.9 298.4 297.9 Domestic & Residual 3/ 129.9 121.0 135.0 135.0 Exports, Total 4/ 100.3 101.0 113.0 112.0 Rough 34.0 33.5 35.0 35.0 Milled (rough equiv.) 66.3 67.5 78.0 77.0 Use, Total 230.2 222.0 248.0 247.0 Ending Stocks 48.5 42.9 50.4 50.9 Avg. Milling Yield (%) 5/ 70.50 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 13.40 12.10 - 12.50 11.30 - 12.30 11.60 - 12.60 Total LONG-GRAIN RICE 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. May June Harvested Acres (mil.) 2.20 1.84 Yield (pounds/acre) 7,407 7,218 Beginning Stocks 16.2 26.5 22.5 23.0 Production 162.7 133.0 181.0 181.0 Supply, Total 7/ 200.0 180.0 224.0 224.5 Domestic & Residual 3/ 102.7 88.0 105.0 105.0 Exports 8/ 70.8 69.0 81.0 81.0 Use, Total 173.5 157.0 186.0 186.0 Ending Stocks 26.5 23.0 38.0 38.5 Avg. Farm Price ($/cwt) 6/ 11.90 10.90 - 11.10 9.50 - 10.50 10.00 - 11.00 Filler Filler Filler Filler Filler MEDIUM & SHORT-GRAIN RICE 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. May June Harvested Acres (mil.) 0.74 0.73 Yield (pounds/acre) 8,080 8,103 Beginning Stocks 13.3 20.2 19.0 18.0 Production 59.6 59.3 50.0 50.0 Supply, Total 7/ 76.8 83.0 72.5 71.5 Domestic & Residual 3/ 27.1 33.0 30.0 30.0 Exports 8/ 29.5 32.0 32.0 31.0 Use, Total 56.7 65.0 62.0 61.0 Ending Stocks 20.2 18.0 10.5 10.5 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 18.30 15.20 - 15.60 15.40 - 16.40 15.40 - 16.40 California 10/ 21.60 18.00 - 18.40 17.50 - 18.50 17.50 - 18.50 Other States 1/ 14.40 11.20 - 11.40 10.50 - 11.50 10.50 - 11.50 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2014/15-2.3; 2015/16-1.9; 2016/17-1.9. 3/ Residual includes un reported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. The 2014/15 and 2015/16 milling yield is based on the Farm Service Agenc y (FSA) warehouse stored loan data for long, medium, and short grain rice. The 2016/17 milling yield is calculated using the previous five-year Olympic average-- 2011/12-2015/16. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain season-average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.65 per cwt from 2008/09-2013/14, with a high of $3.50 per cwt in 2008/0 9 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. * Planted acres reported in March 31, 2016, "Prospective Plantings." Harvested acres are estimated using the average harvested-to-planted ratios by rice class, 2011-2015. Projected yield is based on linear trend analysis by rice class f or the period 1990/91 to 2015/16. June 2016 WASDE - 554 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. May Jun Filler Filler Filler Filler Filler Million Acres Area Planted 83.3 82.7 82.2 * 82.2 * Area Harvested 82.6 81.8 81.4 * 81.4 * Filler Bushels Yield per Harvested Acre 47.5 48.0 46.7 * 46.7 * Million Bushels Beginning Stocks 92 191 400 370 Production 3,927 3,929 3,800 3,800 Imports 33 30 30 30 Supply, Total 4,052 4,150 4,230 4,200 Crushings 1,873 1,890 1,915 1,915 Exports 1,843 1,760 1,885 1,900 Seed 96 95 95 95 Residual 49 34 30 30 Use, Total 3,862 3,780 3,925 3,940 Ending Stocks 191 370 305 260 Avg. Farm Price ($/bu) 2/ 10.10 9.05 8.35 - 9.85 8.75 - 10.25 Total SOYBEAN OIL 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. May June Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,165 1,855 2,355 2,375 Production 4/ 21,399 22,020 22,120 22,120 Imports 264 300 250 250 Supply, Total 22,828 24,175 24,725 24,745 Domestic Disappearance 18,959 19,600 20,300 20,300 Biodiesel 3/ 5,037 5,500 5,800 5,800 Food, Feed & other Industrial 13,923 14,100 14,500 14,500 Exports 2,014 2,200 2,400 2,400 Use, Total 20,973 21,800 22,700 22,700 Ending stocks 1,855 2,375 2,025 2,045 Avg. Price (c/lb) 2/ 31.60 30.00 30.50 - 33.50 30.50 - 33.50 Total SOYBEAN MEAL 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. May June Filler 1 2 3 4 Thousand Shor t Tons Beginning Stocks 250 260 300 300 Production 4/ 45,062 44,640 45,475 45,475 Imports 333 400 325 325 Supply, Total 45,645 45,300 46,100 46,100 Domestic Disappearance 32,235 33,300 33,800 33,800 Exports 13,150 11,700 12,000 12,000 Use, Total 45,384 45,000 45,800 45,800 Ending Stocks 260 300 300 300 Avg. Price ($/s.t.) 2/ 368.49 335.00 300.00 - 340.00 320.00 - 360.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted aver age price received by farmers; oil, simple aver age of crude soybean oil, Decatur; meal, simple average of 48 percent pr otein, Decatur. 3/ Reflects only biodiesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year cr ush of 1,890 million bushels for 2015/ 16 and 1,915 million bushels f or 2016/17. *Planted acres are reported in the March 31, 2016 Prospective Plantings. Ha rvested acres are based on the 5-year harvested-to-planted r atio. The projected yield is based on a weather-adjusted trend model and assumes normal weather. June 2016 WASDE - 554 - 16 U.S. Sugar Supply and Use 1/ 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. May Jun Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 1,810 1,815 1,743 1,939 Production 2/ 8,656 8,940 8,710 8,710 Beet Sugar 4,893 5,064 5,090 5,090 Cane Sugar 3,763 3,877 3,620 3,620 Florida 1,981 2,173 1,970 1,970 Hawaii 146 165 40 40 Louisiana 1,513 1,423 1,495 1,495 Texas 123 116 115 115 Imports 3,553 3,413 3,479 3,476 TRQ 3/ 1,536 1,739 1,531 1,528 Other Program 4/ 471 300 175 175 Other 5/ 1,546 1,374 1,773 1,773 Mexico 1,532 1,359 1,758 1,758 Total Supply 14,019 14,169 13,932 14,124 Exports 1 8 56 55 02 5 Deliveries 12,019 12,165 12,225 12,235 Food 6/ 11,888 12,000 12,080 12,080 Other 7/ 131 165 145 155 Miscellaneous 0000 Total Use 12,204 12,230 12,275 12,260 Ending Stocks 1,815 1,939 1,657 1,864 Stocks to Use Ratio 14.9 15.9 13.5 15.2 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2015/16 and 2016/17 are based on Crop Production and processor projections where appropriate. 3/ For 2016/17, WTO raw sugar TRQ shortfall (99). For 2015/16, WTO raw sugar TRQ shortfall (45). 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ For 2014/15, other high-tier (15) and other (0). For 2015/16, other high-tier (15) and other (0). For 2016/17, other high-tier (15) and other (0). 6/Combines SMD deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar-containing products for reexport, and for nonedible alcohol, feed, and ethanol. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2015/16 Est. May 811 6,184 70 4,586 1,121 1,358 2015/16 Est. Jun 811 6,184 70 4,586 1,213 1,266 2016/17 Proj. May 1,358 6,100 10 4,652 1,515 1,301 2016/17 Proj. Jun 1,266 6,100 10 4,652 1,515 1,209 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): Oct-Sep 2014/15 = 1,444; Oct-Apr 2014/15 = 806, Oct- Apr 2015/16 = 805 . Footnote source: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes domestic consumption, Mexico's products export program (IMMEX) , and any residual statistical discrepancies. IMMEX: 2015/16 (255 est), 2016/17 (255 proj). Statistical Adjustment: 2014/15 (-54), 2015/16 (0), 2016/17 (0). June 2016 WASDE - 554 - 17 U.S. Cotton Supply and Use 1/ 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. May Jun Filler Filler Filler Filler Filler Area Million Acres Planted 11.04 8.58 9.56 * 9.56 * Harvested 9.35 8.07 8.80 * 8.80 * Filler Pounds Yield per Harvested Acre 838 766 807 * 807 * Million 480 Pound Bales Beginning Stocks 2.35 3.70 4.00 4.10 Production 16.32 12.89 14.80 14.80 Imports 0.01 0.04 0.01 0.01 Supply, Total 18.68 16.63 18.81 18.91 Domestic Use 3.58 3.55 3.60 3.60 Exports, Total 11.25 9.00 10.50 10.50 Use, Total 14.82 12.55 14.10 14.10 Unaccounted 2/ 0.16 -0.02 0.01 0.01 Ending Stocks 3.70 4.10 4.70 4.80 Avg. Farm Price 3/ 61.3 58.0 47.00 - 67.00 47.00 - 67.00 Total Note: Reliability calculations at end of report. 1/ Upland and ex tra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. *Planted area as reported in March 31, 2016 Prospective Plantings. Harvested area based on 10-year average abandonment by regi on, with the Southwest adjusted to 12 percent to reflect favorable moisture conditions. Yield per harvested acr e based on 3-year average yields by region. June 2016 WASDE - 554 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 194.18 726.94 158.84 130.82 704.59 164.14 216.54 United States 16.07 55.15 4.07 3.33 31.55 23.25 20.48 Total Foreign 178.12 671.80 154.77 127.49 673.04 140.90 196.06 Major Exporters 4/ 27.39 223.32 6.66 61.85 146.13 81.47 29.78 Argentina 2 . 4 9 1 4 . 0 00 . 0 40 . 3 06 . 3 55 . 3 04 . 8 7 Australia 4.56 23.08 0.16 3.80 7.20 16.59 4.00 Canada 10.41 29.42 0.49 3.75 9.08 24.16 7.08 European Union 5/ 9.94 156.83 5.98 54.00 123.50 35.42 13.82 Major Importers 6/ 100.19 197.40 84.75 29.88 262.21 7.64 112.49 Brazil 1.89 6.00 5.37 0.30 10.70 1.69 0.87 China 65.27 126.21 1.93 16.00 116.50 0.80 76.11 Sel. Mideast 7/ 12.13 17.66 21.26 4.45 36.10 1.52 13.44 N. Africa 8/ 13.80 17.01 25.23 2.48 42.65 0.61 12.78 Pakistan 2.19 25.98 0.75 1.00 24.50 0.70 3.72 Southeast Asia 9/ 3.43 0.00 19.85 4.76 18.52 0.95 3.82 Selected Other India 17.83 95.85 0.05 4.50 93.12 3.41 17.20 FSU-12 15.73 112.74 7.68 24.65 75.86 40.20 20.08 Russia 5.18 59.08 0.33 13.00 35.50 22.80 6.29 Kazakhstan 1 . 9 9 1 3 . 0 00 . 6 02 . 0 06 . 8 05 . 5 43 . 2 5 Ukraine 3.67 24.75 0.03 4.00 12.00 11.27 5.18 2015/16 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 216.54 734.24 165.94 134.09 707.77 168.28 243.01 United States 20.48 55.84 3.18 3.81 31.74 21.09 26.67 Total Foreign 196.06 678.40 162.76 130.28 676.03 147.19 216.34 Major Exporters 4/ 29.78 223.41 7.34 66.50 150.98 81.00 28.55 Argentina 4 . 8 7 1 1 . 3 00 . 0 10 . 1 06 . 1 59 . 0 01 . 0 3 Australia 4.00 24.50 0.15 3.80 7.23 16.50 4.93 Canada 7.08 27.60 0.49 3.60 8.80 22.50 3.86 European Union 5/ 13.82 160.01 6.70 59.00 128.80 33.00 18.73 Major Importers 6/ 112.49 204.31 88.47 25.96 261.59 6.57 137.12 Brazil 0.87 5.54 6.00 0.30 10.20 1.20 1.01 China 76.11 130.19 3.00 10.50 112.00 1.00 96.30 Sel. Mideast 7/ 13.44 18.82 19.02 4.60 37.19 0.54 13.56 N. Africa 8/ 12.78 19.91 27.50 2.28 43.53 0.70 15.97 Pakistan 3.72 25.10 0.03 0.80 24.40 0.60 3.85 Southeast Asia 9/ 3.82 0.00 22.73 6.59 20.88 0.96 4.71 Selected Other India 17.20 86.53 0.47 4.20 88.64 1.06 14.50 FSU-12 20.08 117.60 7.79 25.73 78.03 48.68 18.76 Russia 6.29 61.04 0.80 14.00 37.00 24.50 6.63 Kazakhstan 3 . 2 5 1 3 . 7 50 . 0 82 . 1 06 . 9 07 . 5 02 . 6 7 Ukraine 5.18 27.27 0.05 4.50 12.50 15.80 4.20 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, Ch ina, Japan, Mexico, N. Africa, Pa kistan, selected Middle East, and S outheast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeri a, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. June 2016 WASDE - 554 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ May 242.91 726.99 160.16 131.06 712.56 163.92 257.34 Jun 243.01 730.83 162.02 133.48 716.00 165.59 257.84 United States May 26.61 54.37 3.54 4.63 32.71 23.81 27.99 Jun 26.67 56.53 3.40 5.44 33.53 24.49 28.58 Total Foreign May 216.29 672.63 156.62 126.44 679.84 140.10 229.35 Jun 216.34 674.30 158.62 128.04 682.47 141.10 229.26 Major Exporters 4/ May 29.35 224.50 6.14 64.20 149.36 80.50 30.13 Jun 28.55 225.50 6.14 65.20 150.36 81.00 28.83 Argentina May 1.53 14.50 0.01 0.10 6.30 8.50 1.23 Jun 1.03 14.50 0.01 0.10 6.30 8.50 0.73 Australia May 4.93 25.00 0.15 4.00 7.46 17.00 5.62 Jun 4.93 25.00 0.15 4.00 7.46 17.00 5.62 Canada May 3.86 28.50 0.49 3.60 8.80 20.00 4.05 Jun 3.86 28.50 0.49 3.60 8.80 20.00 4.05 European Union 5/ May 19.03 156.50 5.50 56.50 126.80 35.00 19.23 Jun 18.73 157.50 5.50 57.50 127.80 35.50 18.43 Major Importers 6/ May 135.93 199.84 85.08 23.79 261.14 6.48 153.23 Jun 137.12 199.51 85.93 24.29 261.69 6.48 154.39 Brazil May 0.91 5.50 5.80 0.30 10.10 1.00 1.11 Jun 1.01 5.30 6.00 0.30 10.10 1.00 1.21 China May 96.30 130.00 3.20 9.50 110.50 1.00 118.00 Jun 96.30 130.00 3.20 9.50 110.50 1.00 118.00 Sel. Mideast 7/ May 13.51 19.41 16.83 4.60 37.97 0.54 11.24 Jun 13.56 19.41 16.88 4.60 38.02 0.54 11.29 N. Africa 8/ May 15.62 14.70 27.90 1.78 44.00 0.84 13.38 Jun 15.97 14.70 27.90 1.78 44.00 0.84 13.73 Pakistan May 3.85 25.30 0.03 0.80 24.50 0.70 3.97 Jun 3.85 25.30 0.03 0.80 24.50 0.70 3.97 Southeast Asia 9/ May 3.91 0.00 21.43 5.92 20.60 0.93 3.81 Jun 4.71 0.00 21.83 6.42 21.10 0.93 4.51 Selected Other India May 14.50 88.00 1.00 4.50 91.95 0.40 11.15 Jun 14.50 88.00 2.00 4.50 93.10 0.40 11.00 FSU-12 May 19.16 115.83 7.47 26.33 78.97 43.63 19.87 Jun 18.76 116.83 7.47 26.33 78.97 44.13 19.97 Russia May 6.63 63.00 0.50 14.50 37.50 24.50 8.13 Jun 6.63 64.00 0.50 14.50 37.50 25.00 8.63 Kazakhstan May 2.67 13.00 0.06 2.10 6.90 7.00 1.83 Jun 2.67 13.00 0.06 2.10 6.90 7.00 1.83 Ukraine May 4.50 24.00 0.05 4.50 12.50 11.50 4.55 Jun 4.20 24.00 0.05 4.50 12.50 11.50 4.25 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, Ch ina, Japan, Mexico, N. Africa, Pa kistan, selected Middle East, and S outheast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeri a, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. June 2016 WASDE - 554 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 212.12 1,304.24 169.89 752.58 1,271.74 185.63 244.62 United States 34.31 377.23 3.42 139.68 311.35 56.67 46.95 Total Foreign 177.81 927.00 166.47 612.90 960.39 128.96 197.67 Major Exporters 4/ 25.54 168.15 4.74 82.31 112.55 67.50 18.38 Argentina 3.17 35.73 0.00 9.07 14.23 21.39 3.29 Australia 1.05 11.65 0.00 2.98 4.66 7.17 0.86 Brazil 14.26 87.67 0.82 50.25 60.02 34.51 8.21 Canada 4.65 21.99 1.71 13.81 21.29 3.72 3.34 Major Importers 5/ 44.41 257.87 109.70 264.47 346.40 15.95 49.63 European Union 6/ 15.57 170.76 8.97 121.33 162.50 13.99 18.81 Japan 1.74 0.17 16.73 12.94 16.93 0.00 1.71 Mexico 3.49 32.69 11.55 24.40 42.08 0.79 4.86 N. Afr & Mideast 7/ 13.46 26.73 34.17 51.63 59.55 0.09 14.71 Saudi Arabia 3.91 0.36 11.26 11.55 12.03 0.00 3.50 Southeast Asia 8/ 3.97 26.86 12.82 30.69 38.70 1.07 3.90 South Korea 1.87 0.24 10.25 8.08 10.47 0.00 1.89 Selected Other China 82.65 222.75 25.70 158.80 229.06 0.02 102.02 FSU-12 7.03 91.60 0.82 42.11 58.15 33.87 7.44 Russia 1.77 40.39 0.09 20.88 31.14 8.67 2.43 Ukraine 3.64 39.39 0.03 11.82 15.43 24.33 3.29 2015/16 Est. Beginning Stocks Productio n ImportsDomestic FeedDomesti c Total 2 / ExportsEnding Stocks World 3/ 244.62 1,254.71 172.89 764.90 1,256.49 163.04 242.84 United States 46.95 366.90 3.78 138.79 314.79 55.01 47.83 Total Foreign 197.67 887.81 169.11 626.11 941.70 108.03 195.01 Major Exporters 4/ 18.38 160.46 6.39 83.93 114.16 55.44 15.63 Argentina 3.29 35.23 0.01 9.17 14.33 21.21 2.99 Australia 0.86 12.58 0.00 3.59 5.27 6.88 1.30 Brazil 8.21 79.96 1.50 51.09 60.87 22.54 6.27 Canada 3.34 25.66 1.16 14.45 21.95 4.10 4.11 Major Importers 5/ 49.63 244.79 119.23 269.69 351.67 13.85 48.12 European Union 6/ 18.81 151.25 15.00 116.92 157.68 11.90 15.47 Japan 1.71 0.18 16.67 12.81 16.80 0.00 1.76 Mexico 4.86 31.39 13.48 25.42 43.22 1.00 5.51 N. Afr & Mideast 7/ 14.71 33.78 31.08 55.86 64.07 0.27 15.23 Saudi Arabia 3.50 0.24 13.31 12.75 13.15 0.00 3.90 Southeast Asia 8/ 3.90 27.69 15.32 34.06 42.17 0.69 4.05 South Korea 1.89 0.19 10.09 7.89 10.32 0.00 1.85 Selected Other China 102.02 231.78 16.00 166.98 239.03 0.05 110.73 FSU-12 7.44 82.51 0.70 40.38 55.52 30.42 4.71 Russia 2.43 37.43 0.11 20.45 29.84 8.77 1.36 Ukraine 3.29 33.39 0.06 10.65 14.23 20.52 1.99 1/ Aggregate of local marketing years. Co arse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing year s, grain in transit, and reportin g discrepancies in some countr ies. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Malays ia, Philippines, Th ailand, and Vietnam. June 2016 WASDE - 554 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ May 244.54 1,298.63 164.90 786.56 1,302.14 170.48 241.03 Jun 242.84 1,303.00 164.20 788.58 1,306.19 171.77 239.65 United States May 50.48 382.26 3.34 146.37 323.04 54.21 58.82 Jun 47.83 382.26 3.34 146.37 323.04 55.48 54.90 Total Foreign May 194.06 916.37 161.55 640.19 979.09 116.27 182.21 Jun 195.01 920.75 160.86 642.21 983.14 116.29 184.75 Major Exporters 4/ May 15.38 178.51 2.70 85.88 116.87 63.39 16.33 Jun 15.63 178.56 2.70 85.98 117.00 62.39 17.51 Argentina May 2.99 41.89 0.01 9.78 15.44 26.21 3.24 Jun 2.99 41.89 0.01 9.78 15.44 26.21 3.24 Australia May 1.18 12.36 0.00 3.32 4.99 7.18 1.38 Jun 1.30 12.36 0.00 3.42 5.09 7.18 1.40 Brazil May 6.27 84.61 1.00 52.15 61.93 24.03 5.93 Jun 6.27 84.66 1.00 52.15 61.95 23.03 6.95 Canada May 4.07 26.07 1.07 14.92 22.53 4.45 4.22 Jun 4.11 26.07 1.07 14.92 22.53 4.45 4.26 Major Importers 5/ May 47.28 246.90 118.93 274.93 356.70 13.71 42.70 Jun 48.12 250.36 118.23 276.98 358.75 14.01 43.95 European Union 6/ May 16.08 157.71 13.36 119.75 160.50 12.06 14.59 Jun 15.47 160.47 12.36 120.55 161.30 12.36 14.65 Japan May 1.76 0.17 16.52 12.64 16.63 0.00 1.82 Jun 1.76 0.17 16.52 12.64 16.63 0.00 1.82 Mexico May 4.26 31.23 14.48 26.77 44.67 0.80 4.49 Jun 5.51 31.93 13.98 26.82 44.72 0.80 5.89 N. Afr & Mideast 7/ May 15.03 28.41 32.67 54.96 62.92 0.17 13.02 Jun 15.23 28.41 32.97 55.66 63.62 0.17 12.82 Saudi Arabia May 3.90 0.24 13.01 13.23 13.63 0.00 3.52 Jun 3.90 0.24 13.51 13.73 14.13 0.00 3.52 Southeast Asia 8/ May 4.05 28.86 14.12 35.31 43.32 0.69 3.03 Jun 4.05 28.86 14.12 35.31 43.32 0.69 3.03 South Korea May 1.85 0.21 10.59 8.29 10.77 0.00 1.88 Jun 1.85 0.21 10.59 8.29 10.77 0.00 1.88 Selected Other China May 110.83 225.70 12.20 170.90 246.15 0.03 102.55 Jun 110.73 225.70 12.20 170.90 246.15 0.03 102.45 FSU-12 May 4.92 86.73 0.71 41.70 57.08 30.20 5.09 Jun 4.71 87.58 0.71 41.70 57.08 31.00 4.92 Russia May 1.56 39.38 0.11 21.13 30.78 8.61 1.65 Jun 1.36 39.38 0.11 21.13 30.78 8.61 1.45 Ukraine May 1.99 34.93 0.06 10.95 14.43 20.33 2.21 Jun 1.99 35.78 0.06 10.95 14.43 21.13 2.26 1/ Aggregate of local marketing years. Co arse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing year s, grain in transit, and reportin g discrepancies in some countr ies. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Malays ia, Philippines, Th ailand, and Vietnam. June 2016 WASDE - 554 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 175.74 1,013.45 124.92 585.71 980.79 141.67 208.41 United States 31.29 361.09 0.80 135.22 301.85 47.36 43.97 Total Foreign 144.45 652.36 124.12 450.49 678.93 94.31 164.43 Major Exporters 4/ 17.58 124.33 2.31 60.10 78.00 54.05 12.16 Argentina 1.41 28.70 0.00 6.00 9.30 18.90 1.91 Brazil 13.97 85.00 0.33 48.00 57.00 34.46 7.84 South Africa 2.20 10.63 1.97 6.10 11.70 0.69 2.41 Major Importers 5/ 19.40 134.18 69.18 142.14 193.71 5.88 23.17 Egypt 2.40 5.96 7.84 11.50 13.90 0.00 2.30 European Union 6/ 6.89 75.78 8.65 59.50 77.88 4.03 9.41 Japan 1.29 0.00 14.66 11.00 14.60 0.00 1.35 Mexico 2.60 25.48 11.27 17.70 34.45 0.78 4.12 Southeast Asia 7/ 3.97 26.81 12.78 30.60 38.60 1.07 3.89 South Korea 1.86 0.08 10.17 8.04 10.25 0.00 1.86 Selected Other 0.00 Canada 1.60 11.49 1.56 7.43 12.82 0.42 1.40 China 81.32 215.65 5.52 140.00 202.00 0.01 100.46 FSU-12 3.37 43.80 0.51 18.76 21.48 23.18 3.02 Ukraine 2.40 28.45 0.03 8.00 9.40 19.66 1.82 2015/16 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 208.41 966.37 133.29 601.62 968.33 120.62 206.45 United States 43.97 345.49 1.52 133.36 301.25 46.36 43.38 Total Foreign 164.43 620.88 131.76 468.27 667.07 74.27 163.07 Major Exporters 4/ 12.16 111.00 4.61 60.50 78.30 41.20 8.27 Argentina 1.91 27.00 0.01 6.00 9.30 18.00 1.61 Brazil 7.84 77.50 1.10 49.00 58.00 22.50 5.94 South Africa 2.41 6.50 3.50 5.50 11.00 0.70 0.71 Major Importers 5/ 23.17 116.77 79.70 144.15 195.54 3.29 20.81 Egypt 2.30 6.00 8.50 12.35 14.75 0.01 2.04 European Union 6/ 9.41 57.98 14.50 56.00 74.01 1.60 6.28 Japan 1.35 0.00 14.70 11.00 14.60 0.00 1.45 Mexico 4.12 25.00 12.50 19.00 35.80 1.00 4.82 Southeast Asia 7/ 3.89 27.64 15.30 34.00 42.10 0.68 4.05 South Korea 1.86 0.08 10.00 7.85 10.10 0.00 1.84 Selected Other 0.00 Canada 1.40 13.60 1.00 8.00 13.40 1.00 1.60 China 100.46 224.58 2.00 153.50 217.50 0.02 109.52 FSU-12 3.02 40.15 0.44 18.46 21.18 20.62 1.81 Ukraine 1.82 23.33 0.05 7.00 8.40 16.00 0.80 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Braz il, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade ex cludes intra-trade. 7/ Indo nesia, Malaysia, Philippines, Thailand, and Vietnam. June 2016 WASDE - 554 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ May 207.87 1,011.07 128.70 623.43 1,011.90 132.89 207.04 Jun 206.45 1,011.77 127.15 622.83 1,013.09 133.13 205.12 United States May 45.79 366.54 1.02 140.98 310.40 48.26 54.68 Jun 43.38 366.54 1.02 140.98 310.40 49.53 51.00 Total Foreign May 162.08 644.53 127.69 482.46 701.49 84.63 152.36 Jun 163.07 645.23 126.14 481.86 702.69 83.60 154.13 Major Exporters 4/ May 8.17 129.00 1.11 62.20 80.70 48.50 9.08 Jun 8.27 129.00 1.11 62.20 80.70 47.50 10.17 Argentina May 1.61 34.00 0.01 6.60 10.40 23.00 2.22 Jun 1.61 34.00 0.01 6.60 10.40 23.00 2.22 Brazil May 5.94 82.00 0.60 50.00 59.00 24.00 5.54 Jun 5.94 82.00 0.60 50.00 59.00 23.00 6.54 South Africa May 0.62 13.00 0.50 5.60 11.30 1.50 1.32 Jun 0.71 13.00 0.50 5.60 11.30 1.50 1.41 Major Importers 5/ May 20.31 122.74 78.45 147.55 198.78 4.49 18.24 Jun 20.81 123.44 76.95 146.60 197.83 4.49 18.89 Egypt May 2.04 6.00 8.75 12.65 15.05 0.01 1.73 Jun 2.04 6.00 8.75 12.65 15.05 0.01 1.73 European Union 6/ May 6.98 64.28 13.00 57.50 75.30 3.00 5.95 Jun 6.28 64.28 12.00 56.50 74.30 3.00 5.25 Japan May 1.45 0.00 14.50 10.80 14.40 0.00 1.55 Jun 1.45 0.00 14.50 10.80 14.40 0.00 1.55 Mexico May 3.62 23.50 13.50 19.15 36.05 0.80 3.77 Jun 4.82 24.20 13.00 19.20 36.10 0.80 5.12 Southeast Asia 7/ May 4.05 28.81 14.10 35.25 43.25 0.68 3.03 Jun 4.05 28.81 14.10 35.25 43.25 0.68 3.03 South Korea May 1.84 0.08 10.50 8.25 10.55 0.00 1.86 Jun 1.84 0.08 10.50 8.25 10.55 0.00 1.86 Selected Other Canada May 1.60 13.75 1.00 8.10 13.60 1.20 1.55 Jun 1.60 13.75 1.00 8.10 13.60 1.20 1.55 China May 109.52 218.00 1.00 160.00 227.00 0.02 101.50 Jun 109.52 218.00 1.00 160.00 227.00 0.02 101.50 FSU-12 May 2.01 44.16 0.42 19.49 22.27 21.97 2.36 Jun 1.81 44.16 0.42 19.49 22.27 21.97 2.16 Ukraine May 0.80 26.00 0.05 7.30 8.70 17.00 1.15 Jun 0.80 26.00 0.05 7.30 8.70 17.00 1.15 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Tr ade excludes intra-trade. 7/ Indonesi a, Malaysia, Philippines, Thailand, and Vietnam. June 2016 WASDE - 554 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2014/15 Beginning StocksProductio n Imports Total /2 DomesticExports Ending Stocks World 3/ 114.34 478.73 40.96 478.68 44.00 114.39 United States 1.03 7.11 0.78 4.16 3.21 1.55 Total Foreign 113.32 471.62 40.17 474.53 40.79 112.83 Major Exporters 4/ 37.28 159.30 0.73 133.53 32.62 31.15 India 22.76 105.48 0.00 98.23 12.24 17.77 Pakistan 1.33 6.90 0.03 2.70 4.00 1.56 Thailand 11.90 18.75 0.30 10.60 9.78 10.57 Vietnam 1.30 28.17 0.40 22.00 6.61 1.26 Major Importers 5/ 11.35 64.06 13.66 77.20 1.23 10.64 Brazil 0.64 8.47 0.38 7.91 0.93 0.64 European Union 6/ 1.16 1.96 1.70 3.32 0.27 1.24 Indonesia 5.50 35.56 1.20 38.30 0.00 3.96 Nigeria 0.86 2.84 3.00 5.70 0.00 0.99 Philippines 1.70 11.92 1.80 13.20 0.00 2.21 Sel. Mideast 7/ 1.29 1.98 3.96 6.10 0.00 1.12 Selected Other 0.00 Burma 0.37 12.60 0.00 10.50 1.74 0.74 C. Amer & Carib 8/ 0.47 1.81 1.60 3.36 0.01 0.51 China 53.10 144.56 4.70 144.50 0.43 57.44 Egypt 0.60 4.53 0.03 4.00 0.25 0.92 Japan 3.01 7.85 0.64 8.60 0.07 2.82 Mexico 0.15 0.18 0.69 0.86 0.00 0.15 South Korea 0.90 4.24 0.47 4.35 0.00 1.25 2015/16 Est. Beginning Stocks Productio n ImportsTotal / 2 Domesti c ExportsEndin g Stock s World 3/ 114.39 470.89 39.36 478.66 41.25 106.62 United States 1.55 6.11 0.76 3.85 3.21 1.36 Total Foreign 112.83 464.78 38.60 474.80 38.04 105.26 Major Exporters 4/ 31.15 154.10 0.72 133.90 30.20 21.87 India 17.77 103.50 0.00 98.50 9.00 13.77 Pakistan 1.56 6.70 0.02 2.75 4.40 1.13 Thailand 10.57 15.80 0.30 10.80 9.80 6.07 Vietnam 1.26 28.10 0.40 21.85 7.00 0.91 Major Importers 5/ 10.64 62.74 13.84 76.94 1.13 9.15 Brazil 0.64 7.60 0.80 7.84 0.75 0.45 European Union 6/ 1.24 2.06 1.60 3.38 0.28 1.23 Indonesia 3.96 35.30 2.00 38.10 0.00 3.16 Nigeria 0.99 2.71 2.50 5.40 0.00 0.80 Philippines 2.21 11.35 1.60 13.20 0.00 1.96 Sel. Mideast 7/ 1.12 1.89 4.00 6.08 0.00 0.94 Selected Other 0.00 Burma 0.74 12.20 0.00 10.60 1.65 0.69 C. Amer & Carib 8/ 0.51 1.63 1.72 3.35 0.02 0.49 China 57.44 145.77 5.00 146.00 0.35 61.86 Egypt 0.92 4.00 0.04 3.80 0.25 0.90 Japan 2.82 7.65 0.70 8.60 0.08 2.49 Mexico 0.15 0.16 0.70 0.87 0.00 0.14 South Korea 1.25 4.33 0.47 4.37 0.00 1.67 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to re flect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ Worl d imports and exports may not ba lance due to differences in so me countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Braz il, Indonesia, Hong K ong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Ir aq, and Saudi Arabia. 8/ Centra l American and Caribbean countri es. June 2016 WASDE - 554 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ May 106.43 480.71 38.59 480.53 40.66 106.61 Jun 106.62 480.72 38.59 480.39 40.53 106.95 United States May 1.38 7.34 0.76 4.29 3.59 1.60 Jun 1.36 7.34 0.76 4.29 3.56 1.62 Total Foreign May 105.05 473.38 37.82 476.24 37.07 105.01 Jun 105.26 473.38 37.82 476.11 36.97 105.33 Major Exporters 4/ May 21.37 157.40 0.67 134.30 28.75 16.39 Jun 21.87 157.40 0.67 134.30 28.75 16.89 India May 13.27 105.00 0.00 98.60 8.50 11.17 Jun 13.77 105.00 0.00 98.60 8.50 11.67 Pakistan May 1.13 6.90 0.02 2.80 4.25 1.00 Jun 1.13 6.90 0.02 2.80 4.25 1.00 Thailand May 6.07 17.00 0.25 11.10 9.00 3.22 Jun 6.07 17.00 0.25 11.10 9.00 3.22 Vietnam May 0.91 28.50 0.40 21.80 7.00 1.01 Jun 0.91 28.50 0.40 21.80 7.00 1.01 Major Importers 5/ May 9.50 65.78 12.40 77.37 1.21 9.10 Jun 9.15 65.78 12.40 77.37 1.21 8.75 Brazil May 0.45 8.50 0.60 8.00 0.80 0.75 Jun 0.45 8.50 0.60 8.00 0.80 0.75 European Union 6/ May 1.23 2.03 1.60 3.42 0.26 1.18 Jun 1.23 2.03 1.60 3.42 0.26 1.18 Indonesia May 3.16 36.60 1.25 38.10 0.00 2.91 Jun 3.16 36.60 1.25 38.10 0.00 2.91 Nigeria May 0.80 2.70 2.10 5.20 0.00 0.40 Jun 0.80 2.70 2.10 5.20 0.00 0.40 Philippines May 2.31 12.00 1.50 13.30 0.00 2.51 Jun 1.96 12.00 1.50 13.30 0.00 2.16 Sel. Mideast 7/ May 0.94 2.01 4.10 6.15 0.00 0.89 Jun 0.94 2.01 4.10 6.15 0.00 0.89 Selected Other Burma May 0.54 12.50 0.00 10.70 1.85 0.49 Jun 0.69 12.50 0.00 10.70 1.75 0.74 C. Amer & Carib 8/ May 0.49 1.72 1.71 3.44 0.02 0.46 Jun 0.49 1.72 1.71 3.44 0.02 0.45 China May 61.86 146.50 5.00 145.00 0.30 68.06 Jun 61.86 146.50 5.00 145.00 0.30 68.06 Egypt May 0.90 4.00 0.04 3.90 0.25 0.79 Jun 0.90 4.00 0.04 3.90 0.25 0.79 Japan May 2.49 7.68 0.70 8.70 0.09 2.09 Jun 2.49 7.68 0.70 8.70 0.09 2.09 Mexico May 0.13 0.17 0.75 0.88 0.00 0.17 Jun 0.14 0.17 0.75 0.88 0.00 0.18 South Korea May 1.67 4.00 0.41 4.33 0.00 1.74 Jun 1.67 4.00 0.41 4.33 0.00 1.74 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use a nd unreported disappearance. 3/ World impor ts and exports may not balance due to di fferences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indones ia, Hong Kong, Cote d'Ivoire, Nigeria, Phil ippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Ara bia. 8/ Central American and Caribbean countries. June 2016 WASDE - 554 - 26 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2014/15 Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World 103.23 119.07 35.73 110.12 35.35 0.11 112.45 United States 2.35 16.32 0.01 3.58 11.25 0.16 3.70 Total Foreign 100.88 102.75 35.72 106.55 24.11 -0.05 108.75 Major Exporters 4/ 28.36 52.62 1.74 32.34 20.62 -0.23 29.99 Central Asia 5/ 3.76 6.20 3 / 2.38 4.67 0.00 2.90 Afr. Fr. Zone 6/ 1.39 5.09 3 / 0.14 4.33 0.00 2.00 S. Hemis 7/ 11.40 11.02 0.18 4.46 7.05 -0.24 11.32 Australia 1.81 2.30 3 / 0.04 2.39 -0.10 1.78 Brazil 7.67 7.00 0.02 3.40 3.91 -0.15 7.53 India 11.46 29.50 1.23 24.50 4.20 0.00 13.49 Major Importers 8/ 70.69 46.89 31.94 69.86 2.57 0.17 76.92 Mexico 0.58 1.32 0.83 1.85 0.17 0.03 0.69 China 62.71 30.00 8.28 33.00 0.07 0.00 67.92 European Union 9/ 0.38 1.64 0.86 0.87 1.62 0.05 0.33 Turkey 1.36 3.20 3.68 6.40 0.24 0.00 1.60 Pakistan 2.48 10.60 0.95 10.60 0.45 0.03 2.95 Indonesia 0.50 0.01 3.35 3.25 0.01 0.00 0.60 Thailand 0.24 3 / 1.48 1.48 0.00 0.03 0.22 Bangladesh 1.27 0.12 5.40 5.50 0.00 0.01 1.28 Vietnam 0.50 3 / 4.30 4.10 0.00 0.00 0.70 2015/16 Est. Beginning Stocks Productio n ImportsDomestic Use ExportsLoss /2 Ending Stocks World 112.45 98.15 34.38 108.78 34.23 -0.11 102.08 United States 3.70 12.89 0.04 3.55 9.00 -0.02 4.10 Total Foreign 108.75 85.26 34.34 105.23 25.23 -0.09 97.98 Major Exporters 4/ 29.99 47.98 1.63 31.89 22.36 -0.23 25.57 Central Asia 5/ 2.90 5.75 3 / 2.45 4.06 0.00 2.14 Afr. Fr. Zone 6/ 2.00 4.34 3 / 0.14 4.66 0.00 1.54 S. Hemis 7/ 11.32 10.49 0.28 4.27 7.44 -0.24 10.61 Australia 1.78 2.50 3 / 0.04 2.60 -0.10 1.74 Brazil 7.53 6.50 0.10 3.20 4.30 -0.15 6.78 India 13.49 26.80 0.90 24.25 5.90 0.00 11.04 Major Importers 8/ 76.92 34.47 30.59 69.13 1.98 0.14 70.73 Mexico 0.69 0.91 0.98 1.90 0.15 0.03 0.50 China 67.92 22.50 4.50 32.50 0.13 0.00 62.30 European Union 9/ 0.33 1.28 0.82 0.84 1.22 0.05 0.33 Turkey 1.60 2.65 4.00 6.45 0.23 0.00 1.57 Pakistan 2.95 7.00 3.10 10.25 0.25 0.03 2.53 Indonesia 0.60 0.01 2.80 2.83 0.01 0.00 0.57 Thailand 0.22 3 / 1.35 1.33 0.00 0.03 0.22 Bangladesh 1.28 0.12 5.60 5.70 0.00 0.01 1.29 Vietnam 0.70 3 / 4.80 4.70 0.00 0.00 0.80 1/ Marketing year beginning August 1. Tota ls may not add exactly and trade may not ba lance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing ch annel; for Australia, Brazil, China, and the United States, refl ects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, an d Uzbekistan. 6/ Benin, Burkino Faso, Came roon, Central African Republic, Chad, Cote d' Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Pa raguay, South Africa, Tanzania, and Zimbabwe . 8/ In addition to the countries and regi ons listed, includes Hong Kong, Japan, Russia, South Kore a, and Taiwan. 9/ Includes intra-EU trade. June 2016 WASDE - 554 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2016/17 Proj. Beginning StocksProduction Imports Domestic UseExports Loss /2Ending Stocks World May 102.84 104.36 33.10 110.78 33.11 -0.08 96.48 Jun 102.08 103.17 33.33 110.59 33.33 -0.08 94.73 United States May 4.00 14.80 0.01 3.60 10.50 0.01 4.70 Jun 4.10 14.80 0.01 3.60 10.50 0.01 4.80 Total Foreign May 98.84 89.56 33.09 107.18 22.61 -0.09 91.78 Jun 97.98 88.37 33.32 106.99 22.83 -0.09 89.93 filler filler filler filler filler filler filler Major Exporters 4/ May 25.41 49.69 1.33 31.95 19.66 -0.23 25.04 Jun 25.57 49.50 1.45 31.70 19.83 -0.23 25.21 Central Asia 5/ May 2.09 5.86 3 / 2.48 3.49 0.00 1.99 Jun 2.14 5.91 3 / 2.48 3.59 0.00 1.99 Afr. Fr. Zone 6/ May 1.63 4.62 3 / 0.14 4.51 0.00 1.60 Jun 1.54 4.62 3 / 0.14 4.46 0.00 1.56 S. Hemis 7/ May 10.56 10.61 0.23 4.18 7.53 -0.24 9.92 Jun 10.61 10.61 0.23 4.18 7.53 -0.24 9.97 Australia May 1.74 2.60 3 / 0.04 2.70 -0.10 1.71 Jun 1.74 2.60 3 / 0.04 2.70 -0.10 1.71 Brazil May 6.73 6.40 0.05 3.10 4.00 -0.15 6.23 Jun 6.78 6.40 0.05 3.10 4.00 -0.15 6.28 India May 10.89 28.00 0.70 24.50 3.80 0.00 11.29 Jun 11.04 28.00 0.70 24.25 4.00 0.00 11.49 filler filler filler filler filler filler filler Major Importers 8/ May 71.75 36.96 29.56 70.95 2.07 0.14 65.11 Jun 70.73 35.96 29.65 70.99 2.12 0.14 63.08 Mexico May 0.50 0.87 1.15 1.90 0.10 0.03 0.50 Jun 0.50 0.87 1.15 1.90 0.10 0.03 0.50 China May 63.32 22.50 4.50 33.50 0.10 0.00 56.72 Jun 62.30 21.50 4.50 33.50 0.10 0.00 54.70 European Union 9/ May 0.33 1.46 0.85 0.86 1.34 0.05 0.38 Jun 0.33 1.46 0.81 0.83 1.39 0.05 0.33 Turkey May 1.57 3.00 3.55 6.40 0.28 0.00 1.45 Jun 1.57 3.00 3.70 6.50 0.28 0.00 1.50 Pakistan May 2.53 9.00 1.70 10.50 0.25 0.03 2.45 Jun 2.53 9.00 1.70 10.50 0.25 0.03 2.45 Indonesia May 0.57 0.01 2.75 2.75 0.01 0.00 0.57 Jun 0.57 0.01 2.75 2.75 0.01 0.00 0.57 Thailand May 0.22 3 / 1.30 1.28 0.00 0.03 0.22 Jun 0.22 3 / 1.30 1.28 0.00 0.03 0.22 Bangladesh May 1.29 0.12 5.90 6.00 0.00 0.01 1.30 Jun 1.29 0.12 5.90 6.00 0.00 0.01 1.30 Vietnam May 0.80 3 / 5.20 5.10 0.00 0.00 0.91 Jun 0.80 3 / 5.20 5.10 0.00 0.00 0.91 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destro yed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan , Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions lis ted, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. June 2016 WASDE - 554 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning StocksProduction Imports Domestic CrushDomestic TotalExports Ending Stocks World 2/ 62.03 319.73 123.51 263.26 300.82 126.15 78.30 United States 2.50 106.88 0.90 50.98 54.93 50.17 5.19 Total Foreign 59.53 212.85 122.61 212.29 245.89 75.99 73.11 Major Exporters 3/ 41.43 169.99 0.32 84.30 91.56 68.70 51.49 Argentina 25.27 61.40 0.00 40.02 44.18 10.57 31.92 Brazil 16.02 97.20 0.31 40.44 43.41 50.61 19.50 Paraguay 0.13 8.10 0.01 3.65 3.69 4.49 0.06 Major Importers 4/ 15.29 15.39 105.26 97.91 117.11 0.29 18.54 China 13.88 12.15 78.35 74.50 87.20 0.14 17.03 European Union 0.62 1.83 13.39 13.60 15.07 0.12 0.66 Japan 0.23 0.23 3.00 2.15 3.24 0.00 0.22 Mexico 0.12 0.35 3.82 4.18 4.21 0.00 0.07 2015/16 Est. Beginnin g Stock s Productio n Import sDomesti c Crus hDomesti c Total Export s Endin g Stock s World 2/ 78.30 313.26 130.78 279.33 318.01 132.04 72.29 United States 5.19 106.93 0.82 51.44 54.97 47.90 10.07 Total Foreign 73.11 206.32 129.96 227.89 263.05 84.14 62.22 Major Exporters 3/ 51.49 164.30 0.36 90.03 97.49 76.45 42.21 Argentina 31.92 56.50 0.05 45.70 50.05 11.40 27.02 Brazil 19.50 97.00 0.30 40.00 43.00 58.75 15.05 Paraguay 0.06 8.80 0.01 4.10 4.14 4.60 0.13 Major Importers 4/ 18.54 15.19 110.28 105.74 125.99 0.33 17.68 China 17.03 11.60 83.00 81.80 95.25 0.15 16.23 European Union 0.66 2.20 13.20 13.80 15.32 0.15 0.59 Japan 0.22 0.24 3.10 2.20 3.32 0.00 0.24 Mexico 0.07 0.33 3.95 4.25 4.29 0.00 0.06 2016/17 Proj. Beginnin g Stock s Productio n Import s Domesti c Crus hDomesti c TotalExport s Endin g Stock s World 2/ May 74.25 324.20 136.02 288.39 327.96 138.31 68.21 Jun 72.29 323.70 136.02 288.44 327.99 137.71 66.31 United States May 10.89 103.42 0.82 52.12 55.53 51.30 8.29 Jun 10.07 103.42 0.82 52.12 55.53 51.71 7.06 Total Foreign May 63.36 220.78 135.21 236.27 272.43 87.00 59.92 Jun 62.22 220.28 135.21 236.32 272.45 86.00 59.24 Major Exporters 3/ May 43.24 172.00 0.36 88.75 96.42 78.29 40.89 Jun 42.21 172.00 0.36 88.75 96.43 77.79 40.36 Argentina May 26.80 57.00 0.05 44.30 48.75 10.65 24.45 Jun 27.02 57.00 0.05 44.30 48.75 10.65 24.67 Brazil May 16.30 103.00 0.30 40.00 43.10 60.20 16.30 Jun 15.05 103.00 0.30 40.00 43.10 59.70 15.55 Paraguay May 0.13 9.00 0.01 4.20 4.25 4.75 0.14 Jun 0.13 9.00 0.01 4.20 4.25 4.75 0.14 Major Importers 4/ May 17.88 16.03 114.18 110.82 131.62 0.34 16.14 Jun 17.68 16.03 114.18 110.82 131.62 0.34 15.94 China May 16.43 12.20 87.00 87.00 100.80 0.15 14.68 Jun 16.23 12.20 87.00 87.00 100.80 0.15 14.48 European Union May 0.59 2.40 12.60 13.30 14.87 0.15 0.57 Jun 0.59 2.40 12.60 13.30 14.87 0.15 0.57 Japan May 0.24 0.24 3.10 2.20 3.33 0.00 0.26 Jun 0.24 0.24 3.10 2.20 3.33 0.00 0.26 Mexico May 0.06 0.37 4.00 4.28 4.33 0.00 0.11 Jun 0.06 0.37 4.00 4.28 4.33 0.00 0.11 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October-September year. 2/ World i mports and exports may not balance due to differences in local marke ting years and to time lags betw een reported exports and imports. Therefore, world supply may not equal world us e. 3/ Argentina, Br azil, Paraguay, and Uruguay. 4/ China, European Union, Japan , Mexico, and Southeast Asia (inc ludes Indonesia, Malaysia, Philip pines, Vietnam, and Thailand). June 2016 WASDE - 554 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 11.19 207.36 59.90 202.58 63.65 12.22 United States 0.23 40.88 0.30 29.24 11.93 0.24 Total Foreign 10.97 166.48 59.59 173.33 51.72 11.98 Major Exporters 3/ 7.73 67.67 0.03 22.89 44.04 8.50 Argentina 4.07 30.93 0.00 2.30 28.58 4.13 Brazil 3.07 31.30 0.02 15.85 14.39 4.15 India 0.59 5.44 0.01 4.74 1.07 0.23 Major Importers 4/ 1.54 15.04 35.72 50.44 0.43 1.43 European Union 0.25 10.74 19.16 29.54 0.36 0.25 Southeast Asia 5/ 1.10 2.67 14.86 17.49 0.07 1.08 2015/16 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 12.22 219.17 64.73 216.69 67.48 11.95 United States 0.24 40.50 0.36 30.21 10.61 0.27 Total Foreign 11.98 178.68 64.36 186.48 56.87 11.68 Major Exporters 3/ 8.50 71.25 0.03 23.22 48.50 8.05 Argentina 4.13 35.33 0.00 2.40 32.80 4.25 Brazil 4.15 30.96 0.02 15.80 15.60 3.73 India 0.23 4.96 0.01 5.02 0.10 0.07 Major Importers 4/ 1.43 15.40 38.68 53.89 0.46 1.16 European Union 0.25 10.90 20.70 31.24 0.40 0.21 Southeast Asia 5/ 1.08 2.83 16.13 19.15 0.06 0.83 2016/17 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ May 12.67 226.77 67.74 226.41 69.87 10.91 Jun 11.95 226.76 67.74 226.11 69.87 10.47 United States May 0.27 41.25 0.30 30.66 10.89 0.27 Jun 0.27 41.25 0.30 30.66 10.89 0.27 Total Foreign May 12.40 185.52 67.45 195.75 58.98 10.63 Jun 11.68 185.50 67.45 195.45 58.98 10.20 Major Exporters 3/ May 8.65 72.65 0.02 23.85 50.40 7.08 Jun 8.05 72.63 0.02 23.55 50.40 6.76 Argentina May 4.25 34.37 0.00 2.48 32.80 3.35 Jun 4.25 34.35 0.00 2.48 32.80 3.33 Brazil May 4.33 31.00 0.02 16.20 15.80 3.35 Jun 3.73 31.00 0.02 15.90 15.80 3.05 India May 0.07 7.28 0.00 5.17 1.80 0.38 Jun 0.07 7.28 0.00 5.17 1.80 0.38 Major Importers 4/ May 1.21 15.27 41.20 55.96 0.45 1.26 Jun 1.16 15.27 41.20 55.94 0.45 1.23 European Union May 0.21 10.51 21.70 31.79 0.40 0.22 Jun 0.21 10.51 21.70 31.79 0.40 0.23 Southeast Asia 5/ May 0.89 3.10 17.60 20.59 0.05 0.94 Jun 0.83 3.10 17.60 20.57 0.05 0.91 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketi ng years and to time lags be tween reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Br azil, and India. 4/ European Union, Southeast Asia, and Japa n. 5/ Indonesia, Malaysia, Philippine s, Vietnam, and Thailand. June 2016 WASDE - 554 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 3.61 49.06 10.08 47.97 11.10 3.68 United States 0.53 9.71 0.12 8.60 0.91 0.84 Total Foreign 3.08 39.36 9.96 39.37 10.19 2.84 Major Exporters 3/ 0.99 18.03 0.29 10.75 7.61 0.94 Argentina 0.24 7.69 0.02 2.50 5.09 0.35 Brazil 0.39 7.76 0.01 6.30 1.51 0.35 European Union 0.37 2.58 0.25 1.95 1.01 0.24 Major Importers 4/ 1.33 15.02 5.21 20.28 0.18 1.10 China 0.97 13.35 0.77 14.20 0.11 0.78 India 0.25 1.20 2.80 4.05 0.00 0.20 North Africa 5/ 0.12 0.47 1.64 2.03 0.07 0.13 2015/16 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 3.68 52.22 11.75 51.36 12.35 3.94 United States 0.84 9.99 0.14 8.89 1.00 1.08 Total Foreign 2.84 42.23 11.61 42.47 11.36 2.86 Major Exporters 3/ 0.94 19.07 0.31 10.88 8.67 0.78 Argentina 0.35 8.77 0.01 2.51 6.28 0.35 Brazil 0.35 7.68 0.05 6.42 1.39 0.27 European Union 0.24 2.62 0.25 1.95 1.00 0.16 Major Importers 4/ 1.10 16.23 6.58 22.52 0.19 1.20 China 0.78 14.66 0.82 15.45 0.11 0.69 India 0.20 1.10 4.00 4.95 0.00 0.35 North Africa 5/ 0.13 0.47 1.76 2.12 0.08 0.16 2016/17 Proj. Beginnin g Stock s Pr oduction Import s Domesti c TotalExport s Endin g Stock s World 2/ May 3.89 53.63 11.07 53.08 11.85 3.67 Jun 3.94 53.69 11.07 53.13 11.85 3.72 United States May 1 . 0 7 1 0 . 0 30 . 1 19 . 2 11 . 0 90 . 9 2 Jun 1 . 0 8 1 0 . 0 30 . 1 19 . 2 11 . 0 90 . 9 3 Total Foreign May 2.82 43.60 10.96 43.88 10.76 2.75 Jun 2.86 43.66 10.96 43.93 10.76 2.80 Major Exporters 3/ May 0.91 18.59 0.27 10.97 8.00 0.80 Jun 0.78 18.65 0.27 10.97 8.00 0.73 Argentina May 0.50 8.38 0.01 2.52 5.98 0.39 Jun 0.35 8.44 0.01 2.52 5.98 0.30 Brazil May 0.25 7.68 0.01 6.50 1.22 0.22 Jun 0.27 7.68 0.01 6.50 1.22 0.24 European Union May 0.16 2.53 0.25 1.95 0.80 0.19 Jun 0.16 2.53 0.25 1.95 0.80 0.19 Major Importers 4/ May 1.07 17.76 5.76 23.22 0.19 1.17 Jun 1.20 17.76 5.76 23.25 0.19 1.27 China May 0.69 15.59 0.82 16.20 0.11 0.79 Jun 0.69 15.59 0.82 16.20 0.11 0.79 India May 0.25 1.61 3.30 4.90 0.00 0.26 Jun 0.35 1.61 3.30 4.90 0.00 0.36 North Africa 5/ May 0.13 0.56 1.64 2.12 0.08 0.12 Jun 0.16 0.56 1.64 2.15 0.08 0.12 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketi ng years and to time lags be tween reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Brazil an d European Union. 4/ Chin a, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. June 2016 WASDE - 554 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef PorkRed Mea t 2/Broile r Turkey Total Poultry 3 /Red Meat & PoultryEgg Milk Million Pounds Mil doz Bil lbs 2015 II 5,856 5,925 11,840 10,021 1,389 11,542 23,382 1,991 53.7 III 6,068 5,958 12,083 10,372 1,352 11,857 23,940 1,929 51.7 IV 6,109 6,457 12,625 9,937 1,458 11,526 24,150 1,980 51.3 Annual 23,698 24,501 48,432 40,048 5, 627 46,198 94,630 7,977 208.6 2016 I 5,935 6,230 12,222 10,039 1,435 11,609 23,830 2,041 53.0 II* 5,995 5,965 12,016 10,225 1,435 11,795 23,811 2,060 54.5 III* 6,425 6,170 12,651 10,475 1,500 12,110 24,761 2,085 52.6 IV* 6,320 6,595 12,975 10,275 1,550 11,960 24,935 2,125 52.5 Annual May Proj. 24,810 24,990 50,031 41,038 5, 959 47,547 97,577 8,336 212.4 Jun Proj. 24,675 24,960 49,864 41,014 5, 920 47,474 97,337 8,311 212.6 2017 I* 6,045 6,260 12,363 10,240 1,440 11,810 24,173 2,070 53.3 Annual May Proj. 25,790 25,640 51,666 42,050 6,125 48,730 100,396 8,475 215.2 Jun Proj. 25,785 25,610 51,631 42,020 6,115 48,690 100,321 8,475 215.3 * Projection. 1/ Commercial production for re d meats; federally inspected for poultry me ats. 2/ Beef, pork, veal and lamb & mut ton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/Barrows and gilts 3/Broilers 4/Turkeys 5/Eggs 6/Milk 7/ Dol./cw t Dol./cw t Cents/lb. Cents/lb. Cents/doz. Dol./cw t 2015 II 158.11 53.20 104.2 108.5 170.3 16.77 III 144.22 54.59 83.7 126.4 235.7 16.97 IV 127.71 44.66 77.2 130.1 174.1 17.73 Annual 148.12 50.23 90.5 116.2 181.8 17.12 2016 I 134.81 44.63 84.6 114.7 121.5 15.70 II* 126-129 53-54 93-94 115-118 66-67 14.50-14.70 III* 119-125 52-54 89-93 113-119 78-82 14.60-15.10 IV* 119-129 41-45 86-94 114-124 96-104 15.05-15.85 Annual May Proj. 124-129 46-48 86-90 114-118 96-100 14.60-15.10 Jun Proj. 125-129 48-49 88-91 114-119 90-94 14.95-15.35 2017 I* 118-128 40-44 84-90 107-115 91-99 14.90-15.90 Annual May Proj. 118-128 42-46 84-91 111-120 108-118 15.25-16.25 Jun Proj. 118-128 42-46 85-93 111-120 105-114 15.25-16.25 *Projection. 1/ Simple average of months. 2/ 5-Area, Direct, To tal all grades 3/ National Base, Live equiv 51-52% lean. 4/ Whol esale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, Ne w York, volume buyers. 7/ Prices received by farmers for all milk. June 2016 WASDE - 554 - 32 U.S. Meats Supply and Use Item Beginning stocksProduction 1/ ImportsTotal Supply ExportsEnding Stocks Total UsePer Capita 2/ 3/ Million Pounds /4 Beef 2015 591 23,760 3,370 27,721 2,266 683 24,771 53.9 2016 Proj. May 683 24,874 2,893 28,450 2,464 630 25,356 54.7 Jun 683 24,739 2,893 28,315 2,449 630 25,236 54.5 2017 Proj. May 630 25,854 2,550 29,034 2,580 600 25,854 55.4 Jun 630 25,849 2,550 29,029 2,580 600 25,849 55.4 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2015 559 24,517 1,111 26,187 4,941 590 20,656 49.8 2016 Proj. May 590 25,006 1,158 26,753 5,198 600 20,955 50.1 Jun 590 24,976 1,158 26,723 5,198 600 20,925 50.1 2017 Proj. May 600 25,656 1,160 27,416 5,300 610 21,506 51.0 Jun 600 25,626 1,160 27,386 5,300 610 21,476 51.1 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2015 1,190 48,520 4,695 54,404 7,212 1,320 45,872 104.9 2016 Proj. May 1,320 50,120 4,293 55,734 7,670 1,271 46,793 106.2 Jun 1,320 49,953 4,284 55,558 7,655 1,276 46,627 105.9 2017 Proj. May 1,271 51,756 3,898 56,925 7,890 1,251 47,784 107.5 Jun 1,276 51,721 3,898 56,895 7,890 1,255 47,750 107.7 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2015 680 39,620 130 40,430 6,319 832 33,279 88.9 2016 Proj. May 832 40,599 132 41,563 6,723 655 34,185 90.6 Jun 832 40,575 132 41,539 6,723 695 34,121 90.4 2017 Proj. May 655 41,600 132 42,387 6,905 715 34,767 91.4 Jun 695 41,570 132 42,397 6,905 715 34,777 91.5 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2015 193 5,627 45 5,865 533 201 5,131 16.0 2016 Proj. May 201 5,959 44 6,204 605 250 5,349 16.5 Jun 201 5,920 44 6,165 605 240 5,320 16.4 2017 Proj. May 250 6,125 40 6,415 670 250 5,495 16.8 Jun 240 6,115 40 6,395 670 250 5,475 16.8 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2015 877 45,769 177 46,822 6,997 1,041 38,785 106.0 2016 Proj. May 1,041 47,107 179 48,327 7,466 914 39,947 108.3 Jun 1,041 47,034 179 48,254 7,471 944 39,839 108.1 2017 Proj. May 914 48,279 174 49,367 7,715 974 40,678 109.4 Jun 944 48,240 174 49,358 7,715 974 40,669 109.6 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2015 2,066 94,289 4,872 101,227 14,209 2,361 84,657 210.9 2016 Proj. May 2,361 97,227 4,472 104,061 15,136 2,185 86,740 214.5 Jun 2,361 96,988 4,463 103,812 15,126 2,220 86,466 214.0 2017 Proj. May 2,185 100,035 4,072 106,292 15,605 2,225 88,462 217.0 Jun 2,220 99,961 4,072 106,253 15,605 2,229 88,419 217.2 1/ Total including farm production for red meats and, for pou ltry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis for red meat an d broilers; certified ready-to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. June 2016 WASDE - 554 - 33 U.S. Egg Supply and Use Commodity 2014 2015 2016 Proj. 2016 Proj. 2017 Proj. 2017 Proj. May Jun May Jun Eggs Million Dozen Supply Beginning Stocks 23.0 23.3 31.1 31.1 25.0 25.0 Production 8,431.4 7,977.3 8,336.0 8,311.0 8,475.0 8,475.0 Imports 34.7 123.3 113.6 113.6 60.0 60.0 Total Supply 8,489.1 8,123.9 8,480.7 8,455.7 8,560.0 8,560.0 Use Exports 393.8 317.6 315.8 315.8 355.0 355.0 Hatching Use 980.6 995.6 1,017.3 1,017.5 1,040.0 1,040.0 Ending Stocks 23.3 31.1 25.0 25.0 25.0 25.0 Disappearance Total 7,091.4 6,779.6 7,122.6 7,097.4 7,140.0 7,140.0 Per Capita (number) 266.6 252.9 263.6 262.8 262.1 262.5 Total U.S. Milk Supply and Use Commodity 2014 2015 2016 Proj. 2016 Proj. 2017 Proj. 2017 Proj. May Jun May Jun Milk Billion Pounds Production 206.1 208.6 212.4 212.6 215.2 215.3 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 11.2 11.2 13.3 13.3 12.9 13.1 Marketings 205.1 207.7 211.4 211.6 214.2 214.3 Imports 4.3 5.7 7.7 6.8 7.0 6.7 Total Cml. Supply 220.6 224.6 232.4 231.7 234.1 234.1 Fat Basis Use Commercial Exports 12.4 8.8 8.9 8.5 9.1 8.7 Ending Commercial Stocks 11.2 13.3 12.9 13.1 12.0 12.2 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 196.9 202.5 210.7 210.2 213.0 213.2 Skim-solid Basis Supply Beg. Commercial Stocks 11.7 13.1 13.9 13.9 14.1 14.3 Marketings 205.1 207.7 211.4 211.6 214.2 214.3 Imports 5.6 5.9 6.4 6.4 6.2 6.2 Total Cml. Supply 222.4 226.7 231.7 231.8 234.5 234.8 Skim-solid Basis Use Commercial Exports 39.1 37.3 36.2 36.0 37.6 37.1 Ending Commercial Stocks 13.1 13.9 14.1 14.3 13.7 14.0 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 170.2 175.5 181.3 181.5 183.2 183.7 Total Note: Totals may not add due to rounding. June 2016 WASDE - 554 - 34 U.S. Dairy Prices Commodity 2014 2015 2016 Proj. 2016 Proj. 2017 Proj. 2017 Proj. May Jun May Jun Product Prices 1/ Dollars Pe r Pound Cheese 2.1551 1.6454 1.455- 1.5051.475- 1.5151.540- 1.640 1.535- 1.635 Butter 2.1361 2.0670 1.985- 2.0652.050- 2.1201.880- 2.010 1.880- 2.010 Nonfat Dry Milk 1.7682 0.9016 0.740- 0.7800.760- 0.8000.855- 0.925 0.855- 0.925 Dry Whey 0.6538 0.3804 0.235- 0.2650.240- 0.2600.255- 0.285 0.255- 0.285 Filler Dollars Pe r Cwt Milk Prices 2/ Class III 22.34 15.80 13.15- 13.6513.40- 13.8014.05- 15.05 14.00- 15.00 Class IV 22.09 14.35 12.65- 13.2513.15- 13.6513.15- 14.25 13.15- 14.25 All Milk 3/ 23.97 17.12 14.60- 15.1014.95- 15.3515.25- 16.25 15.25- 16.25 1/ Simple average of monthly prices calculated by AMS from weekly averag e dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test . 3/ Does not reflect any deductions from producers as authori zed by legislation. June 2016 WASDE - 554 - 35 Reliability of June Projections 1/ Note: Tables on pages 35-37 present a record of the June projec tion and the final Estimate. Using world wheat production as an e xample, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 3.1 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 5.3 percent. The average difference between the June pro jection and the final estimate is 16.2 million tons, ranging from 0.4 million to 32.2 million tons. The June projection has been below the estimate 22 times a nd above 13 times. Differences between forecast and final estimate 90 percen t Years Commodity and Region Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final WHEAT Percen t Million Metric Tons Production Worl d 3.1 5.3 16.2 0.4 32.2 22 13 U.S. 5.8 9.8 2.7 0.0 8.4 20 15 Forei gn 3.3 5.6 15.1 1.1 31.9 21 13 Exports Worl d 6.2 10.5 6.1 0.0 19.2 24 10 U.S. 12.3 21.0 3.0 0.1 10.2 20 15 Forei gn 6.8 11.5 5.4 0.6 19.8 26 8 Domestic Use Worl d 2.2 3.7 9.8 0.5 27.5 21 14 U.S. 7.2 12.3 1.9 0.0 6.4 18 17 Forei gn 2.2 3.7 9.5 0.6 28.6 22 12 Endin g Stocks Worl d 10.8 18.4 13.3 1.7 40.5 23 12 U.S. 19.2 32.7 3.4 0.1 14.9 20 15 Forei gn 11.1 18.8 11.2 0.8 36.1 22 12 COARSE GRAINS 2/ Production Worl d 3.7 6.3 26.1 0.6 103.3 18 17 U.S. 14.3 24.3 20.6 1.0 103.8 17 18 Forei gn 2.8 4.7 14.0 0.4 41.6 17 17 Exports Worl d 7.8 13.3 7.5 0.3 20.0 24 11 U.S. 30.2 51.3 8.4 0.1 30.8 14 21 Forei gn 14.3 24.3 6.8 0.5 19.2 22 12 Domestic Use Worl d 2.0 3.3 14.3 0.7 66.7 15 20 U.S. 5.9 10.0 7.9 0.1 37.0 22 13 Forei gn 2.0 3.4 10.7 0.1 33.5 16 18 Endin g Stocks Worl d 20.5 34.8 22.7 3.4 69.9 23 12 U.S. 52.9 89.7 16.8 0.5 57.6 18 17 Forei gn 16.3 27.6 12.7 0.1 41.6 25 9 RICE , milled Production Worl d 2.5 4.2 7.3 0.3 21.8 22 13 U.S. 7.1 12.1 0.3 0.0 1.1 20 15 Forei gn 2.5 4.3 7.2 0.4 21.9 21 13 Exports Worl d 9.8 16.6 1.6 0.1 7.5 25 10 U.S. 11.5 19.6 0.2 0.0 1.0 18 14 Forei gn 10.7 18.2 1.6 0.1 7.1 25 9 Domestic Use Worl d 2.0 3.3 5.1 0.0 20.3 23 12 U.S. 8.8 15.0 0.2 0.0 0.5 15 20 Forei gn 2.0 3.4 5.1 0.0 20.8 24 10 Endin g Stocks Worl d 14.8 25.2 6.2 0.2 15.7 24 11 U.S. 33.0 56.1 0.3 0.0 0.9 19 14 Forei gn 16.2 27.4 6.3 0.4 15.3 24 10 1/ Footnotes at end of table. CONTINUED June 2016 WASDE - 554 - 36 Reliability of June Projections (Continued) 1/ Differences between forecast and final estimate 90 percen t Years Commodity and Region Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final SOYBEANS Percent Million Metric Tons Production World NA NA 1 0 . 9 1 . 5 2 7 . 948 U.S. 9.0 15.3 4.4 0.0 12.0 17 18 Foreign NA NA 9 . 3 1 . 2 2 3 . 956 Exports World NA NA 5 . 2 0 . 5 1 0 . 466 U.S. 15.5 26.2 3.0 0.3 6.4 20 15 Foreign NA NA 4 . 0 0 . 4 1 1 . 465 Domestic Use World NA NA 7 . 2 0 . 3 1 7 . 057 U.S. 6.5 11.0 2.1 0.1 7.2 21 14 Foreign NA NA 6 . 0 0 . 4 1 1 . 456 Ending Stocks World NA NA 6 . 2 0 . 2 1 9 . 066 U.S. 58.0 98.4 2.8 0.4 8.4 10 25 Foreign NA NA 6 . 2 0 . 7 1 6 . 965 COTTON Million 480-Pound Bales Production World 6.2 10.6 4.2 0.0 16.4 20 14 U.S. 10.4 17.6 1.5 0.1 5.7 17 18 Foreign 6.4 10.8 3.4 0.2 12.4 20 14 Exports World 10.6 18.1 2.2 0.1 12.4 19 16 U.S. 30.5 51.8 1.4 0.1 3.9 21 14 Foreign 13.8 23.4 1.8 0.1 9.9 18 16 Domestic Use World 4.7 7.9 3.1 0.1 17.1 13 22 U.S. 9.7 16.4 0.5 0.0 1.4 17 17 Foreign 4.8 8.2 3.0 0.0 16.3 16 18 Ending Stocks World 17.8 30.3 6.5 0.9 18.6 24 11 U.S. 42.1 71.4 1.5 0.1 4.6 18 17 Foreign 17.1 29.0 5.4 0.3 17.7 25 9 1/ Marketing years 1981/82 through 2015/16 for grains, soybeans (U.S. only), and cotton. Marketing years 2009/10 through 2015/16 for global and foreign soybeans. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2014/15, and for 2015/16 last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. June 2016 WASDE - 554 - 37 Reliability of United States June Projections 1/ Differences between forecast and final estimate 90 percen t Years Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final CORN Percent Million Bushels Production 17.0 28.8 811 8 4,010 17 18 Exports 31.8 53.9 305 38 1,150 15 20 Domestic Use 14.0 23.8 475 0 5,888 21 13 Ending Stocks 63.4 107.6 604 32 2,091 18 17 SORGHUM Production 20.8 35.3 90 0 228 15 19 Exports 34.3 58.2 46 0 190 15 19 Domestic Use 25.0 42.5 54 0 140 15 19 Ending Stocks 70.2 119.1 49 2 191 12 23 BARLEY Production 14.7 24.9 29 1 206 13 22 Exports 72.5 123.0 15 0 92 18 14 Domestic Use 11.9 20.2 31 0 95 16 18 Ending Stocks 22.3 37.9 23 3 79 15 20 OATS Production 24.3 41.2 32 1 231 8 27 Exports 1 1 6 . 6 1 9 7 . 81088 1 2 Domestic Use 11.1 18.9 22 0 160 13 21 Ending Stocks 29.3 49.8 18 0 77 11 22 SOYBEAN MEAL Thousand Short Tons Production 5.9 10.0 1,368 57 4,919 22 13 Exports 18.4 31.2 1,038 50 2,650 22 13 Domestic Use 4.9 8.3 947 24 4,650 18 17 Ending Stocks 46.6 79.1 55 0 488 12 14 SOYBEAN OIL Million Pounds Production 5.6 9.5 672 18 2,330 25 10 Exports 34.6 58.8 474 25 1,700 20 15 Domestic Use 4.2 7.1 433 0 2,100 21 13 Ending Stocks 39.2 66.5 479 0 1,432 18 16 ANIMAL PROD. 3/ Million Pounds Beef 4.1 7.1 786 41 2,727 16 6 Pork 3.5 6.0 541 61 1,722 15 7 Broilers 2.5 4.3 702 87 1,465 9 13 Turkeys 4.0 6.9 166 2 478 11 11 Million Dozen Eggs 1.4 2.4 83 2 209 15 7 Billion Pounds Milk 1.6 2.8 2.2 0.0 7.0 11 9 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2015/16 for grains, soybeans, and cotton. Final for grains, so ybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2014/15, and for 2015/16 last month’s estimate. Calendar years 1995 through 2015 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1995-2015. WASDE-554-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oc e/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Produc tion, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 19 0 countries and regions at http://www.fas.usda.gov/psd/online . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric-Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 . WASDE Notification System Subscribers are notified through GovDelivery when the monthly World Agricultural Supply and Demand Estimates (WASDE ) report is available. Previous WASDE reports are available at http://usda.mannlib.cornell.edu/MannUsd a/viewDocumentInfo.do?documentID=1194 For questions contact: Susan Carter at 202-720-5447 or [email protected] World Agricultural Suppl y and Demand Estimates WASDE-554 – June 10, 2016 WASDE Briefing Slides: The briefing slides wh ich accompany today’s WASDE report will be available at http://www.usda.gov/oce /commodity/wasde/ Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e-mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu . Select the “Reports by E-Mail” bar to sign up. 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January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 593 Approved by the World Agricultura l Outlook Board October 10, 2019 WHEAT: The outlook for 2019/20 U.S. wheat this month is for smaller supplies, reduced total use, and rising ending stocks. Wheat production is cut 18.5 million bushels to 1,9 62 million based on the NASS Small Grains Summary , issued on September 30. Projected imports are lowered 15 million bushels to 120 million on a slow pace to date. The NASS Grain Stocks report raised 2018/19 ending stocks 8 million bushels and estimated first quarter 2019/20 stocks at 2,385 million bushels, down fractionally from the previous year. These stocks imply first quarter feed and residual use is similar to last year. Annual 2019/20 feed and residual use is lowered 30 million bushels to 140 million but remain above last year ’s revised 89.8 million. Wheat exports are lowered 25 million bushels to 950 million on reduced competitiveness in international markets. Ending stocks are projected at 1,043 million bushels, up 29 million from the previous month, and the season- average farm price is lowered $0.10 per bushel to $4.70. Global 2019/20 wheat supplies are raised fractionally with decreased production offset by higher beginning stocks. World production is lowered 0.3 million tons led by a 1.0- million -ton cut to Australia ’s crop on further drought effects. The United States is lowered 0.5 million tons, and Canada and Serbia are each reduced 0.3 million tons. Partly offsetting are production increases of 1.0 million tons for the EU and 0.7 million tons for Turkmenistan, both on updated harvest reports. Projected global exports for 2019/20 are lowered 1.2 million tons led by a 1.0- million -ton reduction for Australia reflecting their smaller crop. Total imports are decreased 1.1 million tons wi th the United States, Turkmenistan, Venezuela, and Kyrgyzstan accounting for most of the decline. World wheat consumption is reduced 1.1 million tons primarily on a 0.8- million -ton reduction in U.S. feed and residual use. With supplies rising and use dec lining, global ending stocks are raised 1.3 million tons to a record 287.8 million. COARSE GRAINS: This month’s 2019/20 U.S. corn outlook is for slightly lower production, reduced exports and corn used for ethanol, greater feed and residual use, and lower ending stocks. Corn production is forecast at 13.779 billion bushels, down 20 million as a decline in harvested area more than offsets an increased yield forecast. Corn supplies are forecast down sharply from last month on a reduced crop and lower beginning stocks based on the September 30 Grain Stocks report. Exports are reduced 150 million bushels reflecting smaller supplies and U.S. price competitiveness. Corn used for ethanol is down 50 million bushels based on weekly production data as reported by the Energy Information Administration during September. Projected feed and residual use is up 125 million bushels based on indicated disappearance during 2018/19. Corn ending stocks for 2019/20 are lowered 261 million bushels. The season-a verage corn price received by producers is raised 20 cents to $3.80 per bushel. WASDE -593-2 Grain sorghum production is forecast lower fro m last month, with a 0.4- bushel -per-acre decline in yield to 73.9 bushels per acre and a reduction in harvested area. Barley and oat production estimates are updated based on the September 30 Small Grains report. Global coarse grain production for 2019/20 is forecast virtually unchanged at 1,396.7 million tons. The 2019/20 foreign coarse grain outlook is for higher production, increased trade, and higher stocks relative to last month. Foreign corn production is forecast modestly lower as an increase for Russia is more than offset by declines for Egypt and Syria. The projected corn yield for Russia is raised based on reported ha rvest results to date. Corn exports are raised for Russia, with a more than offsetting decline for the United States. For 2018/19, corn exports for Brazil are raised for the local mark eting year beginning March 2019 based on record large shipments during the month of September. From July to September Brazil has exported close to 20 million tons of corn, nearly 50 percent above the previous high for the time period, with large shipments to important U.S. markets such as Japan, South Korea, Mexico, and C olombia. For 2019/20, corn imports are lowered for Saudi Arabia, Mexico, Venezuela, Cuba, and Bangladesh. Foreign corn ending stocks are higher, mostly reflecting increases for Brazil, Canada, and the EU. Global corn stocks, at 302.6 million, are down 3.7 million from last month. RICE : The outlook for 2019/20 U.S. rice this month is for increased supplies, unchanged domestic use and exports, and higher ending stocks. Supplies are raised as NASS increased the all rice production forecast by 1.3 million cwt to 188.6 million , all on a higher yield . The all rice yield is forecast at 7,616 pounds per acre, up 53 pounds from the previous forecast. Higher yields for Arkansas, California, and Texas more than offset a lower yield for Louisiana. Projected 2019/20 all rice ending stocks are raised 1.3 million cwt to 37.1 million, still down 17 percent from last year. The projected 2019/20 all rice season- average farm price is reduced $0.20 per cwt to $13.00, compared to $12.00 for 2018/19. Global 2019/20 rice supplies are raised by 3.6 million tons to 669.6 million, mainly on higher projected production for India and Egypt. India’ s production is raised by 2.0 million tons to 114.0 million , primarily based on the government ’s First Advance Estimate of Production. Egypt’s production increased 1.3 million tons to 4.3 million on greater harvested area than previously estimated. World 2019/20 consumption is raised by 1.3 million tons to 494.5 million , led by increased expected use in Egypt on higher domestic supplies. Global 2019/20 trade is increased 0.8 million tons to 45.9 million, mainly on higher exports by India with greater supplies. India is expected to remain the leading global rice exporter for the sixth consecutive year. Projected world ending stocks are up 2.4 million tons to a record 175.1 million with India and Egypt accounting for most of the increase. OILSEEDS : U.S. oilseed production for 2019/20 is projected at 107.9 million tons, down 2.3 million from last month with lower soybean, peanut, and cottonseed production partly offset by higher canola and sunflowerseed. Soybean production is forecast at 3.6 billion bushels, down 83 million, mainly on lower yields. The soybean yield is projected at 46.9 bushels per acre, down 1 bushel from the September forecast . Harvested area is reduced slightly to 75.6 million acres . Soybean supplies for 2019/20 are forecast at 4.5 billion bushels down 175 million on lower production and beginning stocks. With a small increase in soybean crush, ending stocks are projected at 460 million bushels, down 180 million. WASDE -593-3 The U.S. season- average soybean price for 2019/20 is forecast at $9.00 per bushel, up 50 cents reflecting smaller supplies. The soybean meal price is forecast at $325.00 per short ton, up $20.00. The soybean oil price forecast is raised 0.5 cents to 30.0 cents per pound. Global oilseed production for 2019/20 is projected at 574.8 million tons, down 4.6 million from last mo nth on lower soybean, sunflowerseed, rapeseed, and peanut production. Global soybean production is projected at 339.0 million tons, down 2.4 million to a 4- year low, mainly reflecting lower production for the United States. Global rapeseed production is forecast lower on reductions for Canada, Australia, the EU, and the United States. Canadian rapeseed production is reduced on lower yield prospects resulting from an unseasonably heavy snow and a season- ending freeze. Other production changes include lower sunflowerseed production for Ukraine, lower cottonseed production for Pakistan and Brazil, and higher cottonseed production for India. With lower global oilseed supplies only partly offset by reduced crush, global oilseed stocks are projected at 109.8 million tons, down 4.6 million. Soybeans account for most of the change with lower stocks in the United States only partly offset by increases for Argentina and Brazil. SUGAR : Beet sugar production for 2019/20 is projected at 5.055 million short tons, raw value (STRV), up 50,000 on less expected production for September of 2018/19 now expected to be produced during 2019/20. Beet sugar production for 2018/19 is correspondingly reduced by 50,000 STRV to 4.907 million. Raw sugar TRQ imports for the 2018/19 quota year eligible for entry until October 15 are estimated at 1.141 million STRV, implying a shortfall of 57,088. The amount of this sugar entered by September 30 was 24,018 STRV less than expected last month; 22,046 STRV of it is now projected to enter in October. Expected imports of 17,907 STRV corresponding to calendar year FTA TRQs are shifted from the July -September quarter to the October - December quarter and into the 2019/20 fiscal year. Re-export imports for 2018/19 are estimated at 437,682 STRV, up 17,682 over last month. High-tier tariff imports are estimated at 92,679 STRV , up 2,679 over last month. Deliveries for human consumption for 2018/19 are decreased by 50,000 STRV to 12.125 million based on a slower -than-expected pace. Correspon ding deliveries for 2019/20 are decreased in line by the same amount. Ending stocks for 2018/19 are estimated at 1.725 million STRV for a stocks -to-use ratio of 14.04 percent. Ending stocks for 2019/20 are projected at 1.784 million STRV for a stocks -to-use ratio of 14.52 percent. For 2018/19, Mexico sugar deliveries for human consumption are reduced by 95,977 metric tons, actual weight (MT) to 4.140 million based on the slow pace through the end of August reported by CONADESUCA. Deliveries to IMMEX are likewise reduced by 55,000 MT to 425,000. Exports are increased 14,203 MT based on CONADESUCA reporting. Imports, mainly for IMMEX, are increased by 16,189 MT. Ending stocks are residually estimated at 1.148 million MT of which an estimated 273,168 are required to be exported in 2019/20 before December 31 per provisions administered by the Fideicomiso Maestro para la Exportación de Excedentes de los Ingenios (FIMAE). For 2019/20, Mexico sugar production is projected at 6.065 million MT, a reduction of 135,000 based on updated reports of the severity of drought conditions in several producing areas. Total sweetener deliveries are projected at 5.719 million MT based on the same per WASDE -593-4 capita sweetener consumption from 2018/19 multiplied by the expected increase in population. Deliveries of high fructose corn syrup are projected at 1.520 million MT, dry weight, implying sugar deliveries of 4.199 million MT. Ending stocks are at 963,373 MT, an amount meant to meet consumption for a 2.5 month period before the start of the next harvest campaign. Exports are residually projected at 1.695 million MT, an increase of 201,607 over last month. Exports to the United States are unchanged from last month at 956,738 MT. LIVESTOCK, POULTRY, AND DAIRY : The forecast for 2019 total red meat and poultry production is raised from last month, as higher broiler production more than offsets slightly lower beef and turkey production. Pork production is unchanged. Hatchery and slaughter data supports an increase in broiler production. Beef production is reduced from the previous month on a slower -than- expected pace of fed cattle slaughter. The turkey forecast is lowered on a slower pace of third- quarter production. The 2019 egg production forecast is raised slightly. For 2020, the total red meat and poultry forecast is raised from the previous month on higher expected pork and broiler production. Beef production is unchanged for the year , although a slower pace of placements in third-quarter 2019 is expected to result in lower first -quarter beef production, but higher second quarter production. Pork production is forecast higher , as expected gr owth in pigs per litter point s toward increased availability of slaughter hogs in 2020. The broiler production forecast is raised from the previ ous month on expectations of continued expansion of broiler flocks. Turkey production forecasts are r educ ed from the previous month on higher feed prices. The egg production forecast is raised, largely reflecting increased hatching egg production. The 2019 beef import forecast is unchanged, but exports are r educed, reflecting recent trade data. For 2020, imports are reduced, reflecting tighter supplies from Oceania and strong demand for beef by competing importers. Exports are raised on firm global demand and tightness in supplies from Oceania. The 2019 and 2020 pork export forecasts are raised from the previous month on recent trade data and strong demand U.S. pork products. The 2019 broiler export forecast is lowered, reflecting recent trade data, but no change is made to the 2020 export forecast. Turkey trade export forecasts are raised. The cattle price forecast for 2019 is raised on current price strength; this increase in price strength was carried into early 2020. Hog price forecasts are reduced for 2019 and 2020 on larger supplies of hogs. The 2019 broiler price forecast is raised on recent price strength but is reduced for 2020 as broiler meat supplies are raised. The 2019 turkey price forecast is higher on recent gains in prices, but the 2020 forecast is unchanged. The 2019 egg price forecast is lowered on current prices, but 2020 egg price forecasts are unchanged. Milk production forecasts for 2019 are raised on higher cow numbers and stronger growth in milk per cow. For 2020, expected continued gains in milk per cow supported an increase in the milk production forecast. Annual forecasts of imports on both a fat and skims -solids basis are unchanged for 2019 reflecting current trade data, but forecasts for 2020 are lowered as the recently announced additional tariffs on a number of EU dairy products are expected to result in reduced imports. Fat basis export forecasts for 2019 and 2020 are reduced from last month on continued WASDE -593-5 competitive pressure on U.S. cheese expor ts. The 2019 skim -solids basis export forecast is lowered on weaker expected exports of cheese and skim and nonfat dry milk (SMP/NDM). However, increased strength in SMP/NDM sales in 2020 due to strong global demand is expected to more than offset continued weakness in cheese exports . The 2020 skim -solids basis export forecast is raised. For 2019, cheese and NDM prices are raised from the previous month, but price forecasts for butter and whey are reduced. The Class III price is raised from last month as the higher cheese price more than offsets the lower whey price; the Class IV price is raised as the higher NDM price more than offsets the lower butter price. For 2020, cheese and NDM prices are raised from the previous month, but the price forecast for butter is reduced. The whey price is unchanged. As a result, the Class III price forecast is higher, but the Class IV price is lowered, as the higher NDM price is more than offset by the lower butter price. The 2019 all milk price is forecast higher at $18.40; for 2020 the price is unchanged at $18.85 per cwt. COTTON : The 2019/20 U.S. cotton supply and demand estimates show slightly lower production and ending stocks compared with last month. Production is lowered less than 1 percent, to 21.7 million bales, largely the result of a reduction in Texas. Domestic mill use and exports are unchanged from last month, and ending stocks are reduced 200,000 bales. At 7.0 million bales, U.S. ending stocks in 2019/20 are projected at 36 percent of use, compared with 27 percent in 2018/19. The 2019/20 season- average price for upland cott on is forecast at 58 cents per pound, unchanged from last month and 12.5 cents lower than in 2018/19. The 2019/20 global cotton supply and demand forecasts show little overall change from last month. World production is 130,000 bales lower as declines for Brazil, Pakistan, Australia, and the United States more than offset a 1- million -bale increase in India. Global consumption is 130,000 bales lower than September ’s forecast and the projection for world trade in 2019/20 is reduced 300,000 bales. Lower expected imports for China and Vietnam more than offset increases for Pakistan and Turkey. Exports for Australia and Brazil are also lower. World ending stocks in 2019/20 are now forecast at 83.7 million bales, virtually unchanged from the September forecast but 3.0 million bales higher than in 2018/19. Approved by the Secretary of Agriculture and t he Acting -Chairman of the World Agricultural Outlook Board, Mark Jekanow ski, (202) 720- 6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY : ROBERT JOHANSSON SECRETARY OF AGRICULTURE DESIGNATE WASDE -593-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers, ICEC Chair, WAOB, william. chambers [email protected] Jennifer Bond, ERS; Andrew Sowell, FAS; Pet e Riley, FPAC. Rice: William Chambers, ICEC Chair, WAOB, william. chambers [email protected] Nathan Childs, ERS; Nicole Podesta, FAS; Vidalina Abadam , FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, michael. jewison [email protected] Tom Capehart, ERS; Yoonhee Macke, FAS; Sharon Raszap, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, keith. [email protected] Mark Ash, ERS; Bill George, FAS; Sherrie Grimm , FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, stephen.macdonald3 @usda.gov Leslie Meyer, ERS; James Johnson, FAS; Erik Dohlman, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, stephen.haley [email protected] Michael McConnell, ERS; Ron Lord, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Lindsay Kuberka, FAS; Ryan Pfirrmann- Powell, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier , AMS; Kim Ha, ERS; Claire Mezoughem, FAS; Ryan Pfirrmann- Powell, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Ryan Pfirrmann- Powell, FPAC. In 2019, the WASDE report will be released on Nov 8, and Dec 10 In 2020, the WASDE report will be rele ased on Jan 10, Feb 11, Mar 10, Apr 9, May 12, June 11,July 10, Aug 12, Sep 11, Oct 9, Nov 10, and Dec 10 WASDE -593-7 T A B L E OF C O N T E N T S Page Highlights ................................................................................................................. 1 Interagency Commodity Estimates Committees ...................................................... 6 World & U.S. Supply & Use for Grains .................................................................... 8 World & U.S. Supply & Use for Cotton .................................................................... 9 World & U.S. Supply & Use for Oilseeds ............................................................... 10 U.S. Wheat Supply & Use ...................................................................................... 11 U.S. Wheat Supply & Use by Class ....................................................................... 11 U.S. Feed Grain & Corn Supply & Use .................................................................. 12 U.S. Sorghum, Barley & Oats Supply & Use ......................................................... 13 U.S. Rice Supply & Use ......................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................. 15 U.S. Sugar Supply & Use ...................................................................................... 16 Mexico Sugar Supply and Use .............................................................................. 16 U.S. Cotton Supply & Use ..................................................................................... 17 World Wheat Supply & Use ................................................................................... 18 World Coarse Grains Supply & Use ...................................................................... 20 World Corn Supply & Use ...................................................................................... 22 World Rice Supply & Use ...................................................................................... 24 World Cotton Supply & Use ................................................................................... 26 World Soybean Supply & Use ............................................................................... 28 World Soybean Meal Supply & Use ....................................................................... 29 World Soybean Oil Supply & Use .......................................................................... 30 U.S. Quarterly Animal Product Production ............................................................ 31 U.S. Quarterly Prices for Animal Products ............................................................. 31 U.S. Meats Supply and Use ................................................................................... 32 U.S. Egg Supply & Use .......................................................................................... 33 U.S. Milk Supply and Use ...................................................................................... 33 U.S. Dairy Prices ................................................................................................... 34 Reliabi lity Tables ................................................................................................... 35 Related USDA Reports .......................................................................................... 38 Metric Conversion Factors ..................................................................................... 38 Electronic Access and Subscriptions ...................................................................... 40 October 2019 WASDE - 593 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2017/18 2616.04 3413.58 413.91 2596.96 816.62 2018/19 (Est.) 2625.52 3442.13 427.53 2641.75 800.38 filler filler filler filler filler 2019/20 (Proj.) Sep 2656.19 3461.16 430.59 2665.7 7 795.40 2019/20 (Proj.) Oct 2659.68 3460.07 426.56 2663.17 796.90 filler filler filler filler filler Wheat 2017/18 762.31 1025.37 181.90 741.78 283.60 2018/19 (Est.) 730.50 1014.09 173.16 736.41 277.68 filler filler filler filler filler 2019/20 (Proj.) Sep 765.53 1042.77 180.83 756.26 286.51 2019/20 (Proj.) Oct 765.23 1042.91 179.68 755.11 287.80 filler filler filler filler filler Coarse Grains 5/ 2017/18 1358.87 1743.63 184.88 1372.95 370.68 2018/19 (Est.) 1396.07 1766.75 209.09 1415.90 350.85 filler filler filler filler filler 2019/20 (Proj.) Sep 1396.44 1752.38 204.64 1416.22 336.16 2019/20 (Proj.) Oct 1396.68 1747.53 201.01 1413.52 334.01 filler filler filler filler filler Rice, milled 2017/18 494.86 644.58 47.13 482.24 162.34 2018/19 (Est.) 498.95 661.29 45.28 489.44 171.85 filler filler filler filler filler 2019/20 (Proj.) Sep 494.22 666.02 45.12 493.29 172.73 2019/20 (Proj.) Oct 497.77 669.62 45.88 494.54 175.09 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2017/18 437.43 541.29 94.57 357.95 88.76 2018/19 (Est.) 438.36 534.34 83.39 362.37 88.58 filler filler filler filler filler 2019/20 (P roj.) Sep 424.14 528.81 84.26 356.44 88.11 2019/20 (Proj.) Oct 423.03 519.25 79.77 356.92 82.56 filler filler filler filler filler Wheat 2017/18 47.38 83.81 24.66 29.25 29.91 2018/19 (Est.) 51.31 84.89 25.48 30.02 29.39 filler filler filler filler filler 2019/20 (Proj.) Sep 53.89 86.74 26.54 32.60 27.60 2019/20 (Proj.) Oct 53.39 86.04 25.86 31.79 28.40 filler filler filler filler filler Coarse Grains 5/ 2017/18 384.39 449.48 67.16 324.41 57.92 2018/19 (Est.) 379.93 440.49 54.94 327.77 57.77 filler filler filler filler filler 2019/20 (Proj.) Sep 364.30 433.76 54.71 319.67 59.37 2019/20 (Proj.) Oct 363.65 424.85 50.90 320.97 52.98 filler filler filler filler filler Rice, milled 2017/18 5.66 8.00 2.76 4.30 0.93 2018/19 (Est.) 7.12 8.97 2.97 4.58 1.42 filler filler filler filler filler 2019/20 (Proj.) Sep 5.95 8.31 3.02 4.16 1.14 2019/20 (Proj.) Oct 5.99 8.35 3.02 4.16 1.18 filler filler filler filler filler 1/ Aggregate of local marketing yea rs. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ C orn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). October 2019 WASDE - 593 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2017/18 2,178.62 2,872.29 319.34 2,239.01 727.86 2018/19 (Est.) 2,187.16 2,907.79 344.14 2,279.38 711.81 filler filler filler filler filler 2019/20 (Proj.) Sep 2,232.05 2,932.35 346.33 2,309.33 707.28 2019/20 (Proj.) Oct 2,236.65 2,940.82 346.78 2,306.25 714.34 filler filler filler filler filler Wheat 2017/18 714.93 941.56 157.25 712.53 253.69 2018/19 (Est.) 679.19 929.20 147.68 706.38 248.30 filler filler filler filler filler 2019/20 (Proj.) Sep 711.64 956.02 154.30 723.65 258.91 2019/20 (Proj.) Oct 711.84 956.87 153.82 723.32 259.40 filler filler filler filler filler Coarse Grains 5/ 2017/18 974.49 1,294.15 117.72 1,048.54 312.76 2018/19 (Est.) 1,016.14 1,326.27 154.15 1,088.13 293.08 filler filler filler filler filler 2019/20 (Proj.) Sep 1,032.15 1,318.62 149.93 1,096.55 276.79 2019/20 (Proj.) Oct 1,033.03 1,322.68 150.10 1,092.55 281.03 filler filler filler filler filler Rice, milled 2017/18 489.20 636.58 44.37 477.94 161.41 2018/19 (Est.) 491.83 652.32 42.31 484.86 170.43 filler filler filler filler filler 2019/20 (Proj.) Sep 488.27 657.71 42.10 489.13 171.59 2019/20 (Proj.) Oct 491.78 661.27 42.86 490.38 173.91 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2017/18 123.78 204.07 41.41 122.77 80.93 2018/19 (Est.) 119.01 199.94 41.23 120.23 80.73 filler filler filler filler filler 2019/20 (Proj.) Sep 124.90 205.70 43.34 121.74 83.75 2019/20 (Proj.) Oct 124.77 205.50 42.91 121.61 83.69 filler filler filler filler filler United States 2017/18 20.92 23.68 16.28 3.23 4.20 2018/19 (Est.) 18.37 22.57 14.76 2.98 4.85 filler filler filler filler filler 2019/20 (Proj.) Sep 21.86 26.72 16.50 3.00 7.20 2019/20 (Proj.) Oct 21.71 26.56 16.50 3.00 7.00 filler filler filler filler filler Foreign 4/ 2017/18 102.86 180.40 25.13 119.54 76.73 2018/19 (Est.) 100.65 177.37 26.47 117.25 75.88 filler filler filler filler filler 2019/20 (Proj.) Sep 103.04 178.98 26.84 118.74 76.55 2019/20 (Proj.) Oct 103.07 178.94 26.41 118.61 76.69 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal t o world minus United States. See global cotton tables for treatment of export/import imbalances. October 2019 WASDE - 593 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2017/18 580.78 690.45 176.30 484.06 116.31 2018/19 (Est.) 597.41 713.72 170.66 490.98 128.18 filler filler filler filler filler 2019/20 (Proj.) Sep 579.48 710.08 172.54 500.60 114.35 2019/20 (Proj.) Oct 574.85 703.02 172.38 498.21 109.75 filler filler filler filler filler Oilmeals 2017/18 331.66 348.33 89.03 328.60 15.59 2018/19 (Est.) 334.69 350.28 93.06 331.95 14.72 filler filler filler filler filler 2019/20 (Proj.) Sep 341.09 356.04 94.61 338.71 14.94 2019/20 (Proj.) Oct 340.32 355.04 94.21 338.20 14.27 filler filler filler filler filler Vegetable Oils 2017/18 198.61 219.18 79.68 192.35 22.12 2018/19 (Est.) 203.69 225.81 86.11 200.39 21.28 filler filler filler filler filler 2019 /20 (Proj.) Sep 208.02 229.77 87.89 204.88 20.78 2019/20 (Proj.) Oct 207.50 228.78 88.61 205.21 19.66 filler filler filler filler filler United States Output Tota l Supply Tra de Tota l Use 2/ Ending Stocks Oilseeds 2017/18 131.48 142.5 0 59.31 60.17 13.83 2018/19 (Est.) 130.72 145.65 48.70 61.03 26.66 filler filler filler filler filler 2019/20 (Proj.) Sep 110.18 140.77 49.53 62.18 19.18 2019/20 (Proj.) Oct 107.93 135.94 49.53 62.32 14.19 filler filler filler filler filler Oilmeals 2017/18 47.03 51.17 13.00 37.61 0.56 2018/19 (Est.) 46.71 51.24 12.62 38.15 0.47 filler filler filler filler filler 2019/20 (Proj.) Sep 47.63 51.93 12.74 38.77 0.42 2019/20 (Proj.) Oct 47.77 52.07 12.74 38.91 0.42 filler filler filler filler filler Vegetable Oils 2017/18 12.11 18.12 1.34 15.54 1.24 2018/19 (Est.) 12.25 18.20 1.14 15.94 1.12 filler filler filler filler filler 2019/20 (Proj.) Sep 12.55 18.55 1.02 16.47 1.05 2019/20 (Proj.) Oct 12.58 18.54 1.02 16.46 1.05 filler filler filler filler filler Foreign 3/ Output Tota l Supply Tra de Tota l Use 2/ Ending Stocks Oilseeds 2017/18 449.30 547.95 116.99 423.89 102.48 2018/19 (Est.) 466.70 568.07 121.96 429.96 101.52 filler filler filler filler filler 2019/20 (Proj.) Sep 469.30 569.31 123.00 438.42 95.17 2019/20 (Proj.) Oct 466.92 567.08 122.84 435.89 95.56 filler filler filler filler filler Oilmeals 2017/18 284.64 297.15 76.03 291.00 15.02 2018/19 (Est.) 287.98 299.04 80.44 293.80 14.25 filler filler filler filler filler 2019/20 (Proj.) Sep 293.46 304.12 81.87 299.94 14.52 2019/20 (Proj.) Oct 292.56 302.97 81.48 299.29 13.84 filler filler filler filler filler Vegetable Oils 2017/18 186.51 201.05 78.34 176.81 20.88 2018/19 (Est.) 191.45 207.61 84.97 184.45 20.16 filler filler filler filler filler 2019/20 (Proj.) Sep 195.46 211.23 86.86 188.41 19.73 2019/20 (Proj.) Oct 194.92 210.24 87.59 188.75 18.61 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. October 2019 WASDE - 593 - 11 U.S. Wheat Supply and Use 1/ 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Sep Oct Million Acres Area Planted 46.1 47.8 45.6 45.2 Area Harvested 37.6 39.6 38.4 38.1 Bushels Yield per Harvested Acre 46.4 47.6 51.6 51.6 Million Bushels Begin ning Stocks 1,181 1,099 1,072 1,080 Production 1,741 1,885 1,980 1,962 Imports 158 135 135 120 Supply, Total 3,080 3,119 3,187 3,161 Food 964 955 960 960 Seed 63 59 68 68 Feed and Residual 47 90 170 140 Domestic, Total 1,075 1,103 1,198 1,168 Exports 906 936 975 950 Use, Total 1,981 2,039 2,173 2,118 Ending Stocks 1,099 1,080 1,014 1,043 Avg. Farm Price ($/bu) 2/ 4.72 5.16 4.80 4.70 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2018/19 (Est.) Beginning Stocks 581 191 205 87 35 1,099 Production 662 587 286 272 78 1,885 Supply, Total 3/ 1,248 846 495 365 165 3,119 Domestic Use 401 324 209 81 88 1,103 Exports 331 259 128 196 22 936 Use, Total 732 583 337 277 110 2,039 Ending Stocks, Total 516 263 158 88 55 1,080 2019/20 (Proj.) Beginning Stocks 516 263 158 88 55 1,080 Production 833 559 239 273 58 1,962 Supply, Total 3/ 1,354 877 402 366 163 3,161 Domestic Use 483 314 192 91 88 1,168 Exports 380 255 100 190 25 950 Use, Total 863 569 292 281 113 2,118 Ending Stocks, Total Oct 491 308 110 85 49 1,043 Ending Stocks, Total Sep 462 317 113 67 54 1,014 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. October 2019 WASDE - 593 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Sep Oct Million Acres Area Planted 100.9 100.1 100.7 100.7 Area Harvested 90.5 89.6 90.0 89.6 Metric Tons Yield per Harvested Acre 4.24 4.24 4.05 4.06 Million Metric Tons Beginning Stocks 62.1 57.9 65.9 57.8 Production 384.1 379.7 364.1 363.4 Imports 2.7 2.3 3.2 3.1 Supply, Total 449.0 440.0 433.2 424.3 Feed and Residual 138.6 147.6 137.4 140.3 Food, Seed & Industrial 185.3 179.7 181.8 180.1 Dome stic, Total 323.9 327.3 319.1 320.4 Exports 67.2 54.9 54.7 50.9 Use, Total 391.1 382.2 373.9 371.3 Ending Stocks 57.9 57.8 59.4 53.0 CORN 2017/18 2018/19 Est. 2019/20 Pro j. 2019/20 Pro j. September October Million Acres Area Plan ted 90.2 89.1 90.0 89.9 Area Harvested 82.7 81.7 82.0 81.8 Bushels Yield per Harvested Acre 176.6 176.4 168.2 168.4 Million Bushels Beginning Stocks 2,293 2,140 2,445 2,114 Production 14,609 14,420 13,799 13,779 Imports 36 28 50 50 Supp ly, Total 16,939 16,588 16,295 15,944 Feed and Residual 5,304 5,618 5,175 5,300 Food, Seed & Industrial 2/ 7,057 6,791 6,880 6,815 Ethanol & by -products 3/ 5,605 5,376 5,450 5,400 Domestic, Total 12,361 12,409 12,055 12,115 Exports 2,438 2,065 2,050 1,900 Use, Total 14,798 14,474 14,105 14,015 Ending Stocks 2,140 2,114 2,190 1,929 Avg. Farm Price ($/bu) 4/ 3.36 3.61 3.60 3.80 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data -products/feed -grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by -products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. October 2019 WASDE - 593 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Sep Oct Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 5.6 5.7 5.3 5.3 Area Harvested (mil. acres) 5.0 5.1 4.7 4.7 Yield (bushels/acre) 71.7 72.1 74.3 73.9 Beginning Stocks 33 35 55 64 Production 362 365 352 349 Imports 2 0 0 0 Supply, Total 397 400 406 412 Feed and Residual 102 138 160 160 Food, Seed & Industrial 60 106 100 100 Total Domestic 162 244 260 260 Exports 200 93 100 100 Use, Total 362 336 360 360 Ending Stocks 35 64 46 52 Avg. Farm Price ($/bu) 2/ 3.22 3.25 3.30 3.40 Filler Filler Filler Filler Filler BARLEY 2017/18 2018/19 Est. 2019/20 Pro j. 2019/20 Pro j. September October Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.5 2.5 2.9 2.7 Area Harvested (mil. acres) 2.0 2.0 2.3 2.2 Yield (bushels/acre) 73.0 77.5 73.9 77.4 Beginning Stocks 106 94 87 87 Production 143 154 172 171 Imports 9 6 10 10 Supply, Total 259 254 269 268 Feed and Residual 2 8 20 15 Food, Seed & Industrial 157 155 153 153 Total Domestic 159 162 173 168 Exports 5 5 3 3 Use, Total 164 167 176 171 Ending Stocks 94 87 93 97 Avg. Farm Price ($/bu) 2/ 4.47 4.62 4.65 4.65 Filler Filler Filler Filler Filler OATS 2017/18 2018/19 Est. 2019/20 Pro j. 2019/20 Pro j. September October Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.6 2.7 2.5 2.8 Area Harvested (mil. acres) 0.8 0.9 0.9 0.8 Yield (bushels/acre) 61.7 64.9 66.4 64.4 Beginning Stocks 50 41 37 38 Production 50 56 60 54 Imports 89 87 100 95 Supply, Total 189 184 197 187 Feed and Residual 68 66 80 70 Food, Seed & Industrial 77 78 78 78 Total Domestic 146 144 158 148 Exports 2 2 2 2 Use, Total 148 146 160 150 Ending Stocks 41 38 37 37 Avg. Farm Price ($/bu) 2/ 2.59 2.66 2.95 2.95 Filler Filler Filler Filler Filler Note: Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. October 2019 WASDE - 593 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Sep Oct Million Acres Area Planted 2.46 2.95 2.54 2.54 Area Harvested 2.37 2.92 2.48 2.48 Filler Pounds Yield per Harvested Acre 7,507 7,692 7,563 7,616 Million Hundredweight Beginning Stocks 2/ 46.0 29.4 44.9 44.9 Production 178.2 224.2 187.3 188.6 Imports 27.5 29.0 29.6 29.6 Supply, Total 251.8 282.6 261.8 263.1 Domestic & Residual 3/ 135.4 144.1 131.0 131.0 Exports, Total 4/ 87.1 93.6 95.0 95.0 Rough 28.8 33.0 33.0 33.0 Milled (rough equiv.) 58.2 60.6 62.0 62.0 Use, Total 222.4 237.7 226.0 226.0 Ending Stocks 29.4 44.9 35.8 37.1 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 12.90 12.00 13.20 13.00 Tota l LONG -GRAIN RICE 2017/18 2018/19 Est. 2019/20 Pro j. 2019/20 Pro j. September October Harvested Acres (mil.) 1.75 2.18 Yield (pounds/acre) 7,314 7,517 Beginning Stocks 31.0 20.3 32.6 32.6 Production 127.9 164.0 126.7 127.5 Supply, Total 7 / 182.2 207.7 183.3 184.1 Domestic & Residual 3/ 98.6 109.4 98.0 98.0 Exports 8/ 63.2 65.7 66.0 66.0 Use, Total 161.9 175.1 164.0 164.0 Ending Stocks 20.3 32.6 19.3 20.1 Avg. Farm Price ($/cwt) 6/ 11.50 10.80 12.00 11.80 Filler Filler Filler Filler Filler MEDIUM & SHORT -GRAIN RICE 2017/18 2018/19 Est. 2019/20 Pro j. 2019/20 Pro j. September October Harvested Acres (mil.) 0.63 0.73 Yield (pounds/acre) 8,048 8,209 Beginning Stocks 11.5 7.6 10.2 10.2 Production 50.4 60.3 60.7 61.1 Supply, Total 7/ 68.2 72.8 76.5 76.9 Domestic & Residual 3/ 36.7 34.8 33.0 33.0 Exports 8/ 23.8 27.8 29.0 29.0 Use, Total 60.6 62.6 62.0 62.0 Ending Stocks 7.6 10.2 14.5 14.9 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 17.00 16.30 16.60 16.50 California 10/ 20.10 18.00 18.50 18.50 Other States 1/ 11.70 12.30 12.50 12.30 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the followi ng quantities of broken kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2015/16 -2.9; 2016/17- 3.5; 2017/18- 3.5. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice an d milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total q uantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing- year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short -grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NAS S monthly prices and the final price may differ. For example, the average difference between the preliminary California SAFP forecast and the final price has averaged $0.98 per cwt from 2014/15- 2017/18, with a high of $3.50 per cwt in 2017/18 and a low of -$0.20 per cwt in 2015/16. 10/ Marketing year beginning October 1. October 2019 WASDE - 593 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Sep Oct Filler Filler Filler Filler Filler Million Acres Area Planted 90.2 89.2 76.7 76.5 Area Harvested 89.5 87.6 75.9 75.6 Filler Bushels Yield per Harvested Acre 49.3 50.6 47.9 46.9 Million Bushels Beginning Stocks 302 438 1,005 913 Produc tion 4,412 4,428 3,633 3,550 Imports 22 14 20 20 Supply, Total 4,735 4,880 4,658 4,483 Crushings 2,055 2,092 2,115 2,120 Exports 2,134 1,748 1,775 1,775 Seed 104 89 96 96 Residual 5 39 32 32 Use, Total 4,297 3,967 4,018 4,023 Ending Stocks 438 913 640 460 Avg. Farm Price ($/bu) 2/ 9.33 8.48 8.50 9.00 Tota l SOYBEAN OIL 2017/18 2018/19 Est. 2019/20 Pro j. 2019/20 Pro j. September October Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,711 1,995 1,725 1,710 Production 4/ 23,772 24,290 24,535 24,590 Imports 335 400 450 450 Supply, Total 25,819 26,685 26,710 26,750 Domestic Disappearance 21,380 22,950 23,500 23,500 Biodiesel 3/ 7,134 8,000 8,600 8,500 Food, Feed & other Industrial 14,247 14,950 14,900 15,000 Exports 2,443 2,025 1,725 1,725 Use, Total 23,823 24,975 25,225 25,225 Ending stocks 1,995 1,710 1,485 1,525 Avg. Price (c/lb) 2/ 30.04 28.26 29.50 30.00 Tota l SOYBEAN MEAL 2017/18 2018/19 Est. 2019/20 Pro j. 2019/20 P ro j. September October Filler 1 2 3 4 Thousand Short Tons Beginning Stocks 401 555 450 450 Production 4/ 49,226 48,995 49,650 49,800 Imports 483 700 500 500 Supply, Total 50,109 50,250 50,600 50,750 Domestic Disappearance 35,537 36,200 36,500 36,650 Exports 14,016 13,600 13,700 13,700 Use, Total 49,554 49,800 50,200 50,350 Ending Stocks 555 450 400 400 Avg. Price ($/s.t.) 2/ 345.02 308.28 305.00 325.00 Tota l Note: Totals may not add due to rounding. Reliability calculat ions at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,092 mill ion bushels for 2018/19 and 2,120 million bushe ls for 2019/20. October 2019 WASDE - 593 - 16 U.S. Sugar Supply and Use 1/ 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Sep Oct Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Begin ning Stocks 1,876 2,008 1,747 1,725 Production 2/ 9,293 8,935 9,134 9,184 Beet Sugar 5,279 4,907 5,005 5,055 Cane Sugar 4,014 4,028 4,129 4,129 Florida 1,983 2,005 2,096 2,096 Hawaii 0 0 0 0 Louisiana 1,862 1,875 1,900 1,900 Texas 169 147 134 134 Imports 3,277 3,067 3,125 3,165 TRQ 3/ 1,663 1,540 1,587 1,627 Other Program 4/ 326 438 350 350 Other 5/ 1,287 1,089 1,188 1,188 Mexico 1,223 997 1,118 1,118 Total Supply 14,445 14,010 14,006 14,074 Exports 170 35 35 35 Deliveries 12,185 12,250 12,305 12,255 Food 12,048 12,125 12,200 12,150 Other 6/ 137 125 105 105 Miscellaneous 82 0 0 0 Total Use 12,438 12,285 12,340 12,290 Ending Stocks 2,008 1,725 1,666 1,784 Stocks to Use Ratio 16.1 14.0 13.5 14.5 Tota l 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2018/19 and 2019/20 are based on Crop Production and processor projections where appropriate. 3/ For 2018/19, WTO raw sugar TRQ shortfall (57) and for 2019/20 (99). 4/ Composed of sugar under the re - export and polyhydric alcohol programs. 5/ Imports from Mexico; and high -tier tariff su gar and syrups not otherwise specified -- for 2018/19 (93) and 2019/20 (70). 6/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE -reported deliveries: 2017/18 -- 278; estimated 2018/19 -- 324; projected 2019/20 -- 340. Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2018/19 Est. Sep 1,395 6,426 70 4,716 2,179 995 2018/19 Est. Oct 1,395 6,426 86 4,565 2,194 1,148 2019/20 Proj. Sep 995 6,200 70 4,776 1,494 995 2019/20 Proj. Oct 1,148 6,065 70 4,624 1,695 963 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2017/18 = 1,593; Estimated Oct -Aug 2018 = 1,461; Projected 2018/19 = 1,520; Estimated Oct -Aug 2019 = 1,401; Projected 2019/20 = 1,520. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2018/19 (425 est); 2019/20 (425 proj). Other Deliveries/Ending Year Statistical Adjustments: 2018/19 (0), 2019/20 (0). October 2019 WASDE - 593 - 17 U.S. Cotton Supply and Use 1/ 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Sep Oct Filler Filler Filler Filler Filler Area Million Acres Planted 12.72 14.10 13.76 13.76 Harvested 11.10 10.21 12.51 12.51 Filler Pounds Yield per Harvested Acre 905 864 839 833 Million 480 Pound Bales Beginning S tocks 2.75 4.20 4.85 4.85 Production 20.92 18.37 21.86 21.71 Imports 0.00 0.00 0.01 0.01 Supply, Total 23.68 22.57 26.72 26.56 Domestic Use 3.23 2.98 3.00 3.00 Exports, Total 16.28 14.76 16.50 16.50 Use, Total 19.50 17.74 19.50 19.50 Unaccounted 2/ -0.03 -0.02 0.02 0.06 Ending Stocks 4.20 4.85 7.20 7.00 Avg. Farm Price 3/ 68.6 70.5 58.0 58.0 Tota l Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. October 2019 WASDE - 593 - 18 World Wheat Supply and Use 1/ (Million M etric Tons) 2017/18 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 263.06 762.31 179.99 146.50 741.78 181.90 283.60 World Less China 148.13 627.98 176.05 129.00 620.78 180.90 152.40 United S tates 32.13 47.38 4.30 1.29 29.25 24.66 29.91 Total Foreign 230.93 714.93 175.69 145.22 712.53 157.25 253.69 Major Exporters 4/ 36.22 333.09 6.96 89.73 205.50 131.17 39.61 Argentina 0.25 18.50 0.01 0.05 5.55 12.73 0.47 Australia 5.73 20.94 0.16 4.00 7.48 13.85 5.51 Canada 6.93 30.38 0.45 4.38 9.28 22.00 6.48 European Union 5/ 10.72 151.13 5.82 58.00 130.40 23.38 13.89 Russia 10.82 85.17 0.47 20.00 43.00 41.43 12.03 Ukraine 1.77 26.98 0.06 3.30 9.80 17.78 1.24 Major Importers 6/ 160.64 202.93 115.65 37.70 289.75 12.35 177.11 Bangladesh 1.76 1.15 6.15 0.25 7.05 0.00 2.02 Brazil 2.26 4.26 7.02 0.50 12.00 0.23 1.31 China 114.93 134.33 3.94 17.50 121.00 1.00 131.20 Japan 1.21 0.97 5.88 0.75 6.60 0.28 1.18 N. Africa 7/ 14.28 19.25 27.45 2.25 45.23 0.88 14.87 Nigeria 0.20 0.07 5.16 0.05 4.83 0.40 0.20 Sel. Mideast 8/ 16.71 18.36 18.44 4.10 37.92 0.83 14.76 Southeast Asia 9/ 5.68 0.00 26.06 8.99 25.44 1.11 5.19 Selected Other India 9.91 98.51 1.17 5.00 95.68 0.57 13.34 Kazakhstan 3.69 14.80 0.10 2.10 6.90 8.52 3.18 2018/19 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 283.60 730.50 169.26 139.73 736.41 173.16 277.68 World Less China 152.40 599.07 166.12 119.73 611.41 172.15 137.92 United States 29.91 51.31 3.67 2.44 30.02 25.48 29.39 Total Foreign 253.69 679.19 165.59 137.29 706.38 147.68 248.30 Major Exporters 4/ 39.61 302.60 7.15 82.19 196.39 120.43 32.54 Argentina 0.47 19.50 0.01 0.05 5.85 12.30 1.83 Australia 5.51 17.30 0.36 5.70 9.20 9.00 4.97 Canada 6.48 32.20 0.48 3.94 8.84 24.41 5.92 European Union 5/ 13.89 136.86 5.76 52.00 123.20 23.31 10.00 Russia 12.03 71.69 0.43 18.00 40.50 35.40 8.25 Ukraine 1.24 25.06 0.11 2.50 8.80 16.02 1.59 Major Importers 6/ 177.11 199.70 110.53 38.44 293.64 12.29 181.41 Bangladesh 2.02 1.00 4.72 0.28 7.08 0.00 0.66 Brazil 1.31 5.43 7.02 0.50 12.10 0.60 1.06 China 131.20 131.43 3.15 20.00 125.00 1.01 139.77 Japan 1.18 0.88 5.73 0.68 6.53 0.29 0.97 N. Africa 7/ 14.87 21.00 26.93 2.25 46.15 1.19 15.45 Nigeria 0.20 0.06 4.59 0.05 4.25 0.40 0.20 Sel. Mideast 8/ 14.76 17.88 17.11 3.55 37.85 0.54 11.36 Southeast Asia 9/ 5.19 0.00 26.16 8.14 25.34 1.10 4.92 Selected Other India 13.34 99.87 0.02 5.00 95.63 0.50 17.11 Kazakhstan 3.18 13.95 0.09 1.80 6.60 8.78 1.83 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Moro cco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2019 WASDE - 593 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Sep 277.24 765.53 176.79 149.04 756.26 180.83 286.51 Oct 277.68 765.23 175.68 148.47 755.11 179.68 287.80 World Less China Sep 137.47 633.53 173.59 128.04 628.26 179.53 140.84 Oct 137.92 633.23 172.48 127.47 627.11 178.38 142.14 United States Sep 29.18 53.89 3.67 4.63 32.60 26.54 27.60 Oct 29.39 53.39 3.27 3.81 31.79 25.86 28.40 Total Foreign Sep 248.06 711.64 173.12 144.41 723.65 154.30 258.91 Oct 248.30 711.84 172.41 144.66 723.32 153.82 259.40 Major Exporters 4/ Sep 32.56 325.00 6.66 85.95 200.55 130.50 33.17 Oct 32.54 324.70 6.66 85.85 200.45 130.00 33.45 Argentina Sep 1.89 20.50 0.01 0.05 6.05 14.50 1.85 Oct 1.83 20.50 0.01 0.05 6.05 14.50 1.79 Australia Sep 4.97 19.00 0.15 5.00 8.50 10.50 5.12 Oct 4.97 18.00 0.15 5.00 8.50 9.50 5.12 Canada Sep 6.18 33.30 0.45 4.60 9.60 24.50 5.83 Oct 5.92 33.00 0.45 4.50 9.50 24.50 5.37 European Union 5/ Sep 10.09 151.00 5.50 56.00 127.50 27.50 11.59 Oct 10.00 152.00 5.50 56.00 127.50 28.00 12.00 Russia Sep 7.83 72.50 0.48 17.00 39.50 34.00 7.31 Oct 8.25 72.50 0.48 17.00 39.50 34.00 7.72 Ukraine Sep 1.59 28.70 0.08 3.30 9.40 19.50 1.46 Oct 1.59 28.70 0.08 3.30 9.40 19.50 1.46 Major Importers 6/ Sep 181.61 202.97 114.89 39.36 299.52 12.85 187.10 Oct 181.41 203.07 114.99 39.66 299.72 13.05 186.70 Bangladesh Sep 0.70 1.10 6.00 0.00 7.10 0.00 0.70 Oct 0.66 1.10 6.00 0.30 7.20 0.00 0.56 Brazil Sep 1.34 5.30 7.50 0.50 12.20 0.60 1.34 Oct 1.06 5.30 7.70 0.50 12.20 0.60 1.26 China Sep 139.77 132.00 3.20 21.00 128.00 1.30 145.67 Oct 139.77 132.00 3.20 21.00 128.00 1.30 145.67 Japan Sep 0.97 0.95 5.90 0.70 6.50 0.28 1.04 Oct 0.97 0.95 5.90 0.70 6.50 0.28 1.04 N. Africa 7/ Sep 15.81 18.87 27.40 2.25 46.75 0.69 14.65 Oct 15.45 18.87 27.40 2.25 46.75 0.89 14.09 Nigeria Sep 0.20 0.06 5.10 0.05 4.76 0.40 0.20 Oct 0.20 0.06 5.10 0.05 4.76 0.40 0.20 Sel. Mideast 8/ Sep 11.02 22.46 17.29 3.92 38.94 0.72 11.11 Oct 11.36 22.46 17.29 3.92 39.04 0.72 11.35 Southeast Asia 9/ Sep 4.81 0.00 27.10 8.04 25.82 1.07 5.03 Oct 4.92 0.00 27.10 8.04 25.82 1.07 5.14 Selected Other India Sep 16.99 102.19 0.02 6.00 98.00 0.50 20.70 Oct 17.11 102.19 0.02 6.00 98.00 0.50 20.82 Kazakhstan Sep 1.50 11.50 0.06 1.80 6.60 5.20 1.26 Oct 1.83 11.50 0.06 1.80 6.60 5.20 1.59 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2019 WASDE - 593 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 384.76 1,358.87 187.74 834.34 1,372.95 184.88 370.68 World Less China 161.26 1,093.16 171.32 636.79 1,090.35 184.8 2 147.70 United States 62.17 384.39 2.93 138.73 324.41 67.16 57.92 Total Foreign 322.59 974.49 184.82 695.61 1,048.54 117.72 312.76 Major Exporters 4/ 38.41 252.15 3.69 125.38 169.30 97.27 27.68 Argentina 6.70 39.32 0.01 11.93 17.46 24.50 4.06 Australia 2.65 12.19 0.00 3.94 5.81 6.74 2.29 Brazil 14.49 85.06 1.46 56.70 67.18 24.16 9.67 Canada 5.56 26.24 1.77 15.92 23.23 5.78 4.57 Russia 2.06 41.72 0.13 21.57 31.02 11.52 1.37 Ukraine 3.01 34.07 0.05 8.44 11.82 22.50 2.81 Major Importers 5/ 38.21 245.11 133.71 283.62 367.84 10.02 39.18 European Union 6/ 15.11 152.12 19.40 120.85 162.37 7.92 16.35 Japan 1.69 0.19 17.58 13.67 17.66 0.00 1.80 Mexico 6.00 33.19 16.36 29.20 48.41 0.96 6.18 N. Afr & Mideast 7/ 7.13 29.07 39.13 59.33 67.45 0.13 7.76 Saudi Arabia 2.54 0.26 11.99 12.28 12.70 0.00 2.08 Southeast Asia 8/ 3.29 30.00 14.54 36.27 44.49 1.01 2.34 South Korea 1.77 0.20 10.19 7.80 10.31 0.00 1.86 Selected Other China 223.49 265.72 16.43 197.55 282.60 0.06 222.98 2018/19 Est. Beginning Stocks Production Imports Domes tic Feed Domes tic Total 2/ Exports Ending Stocks World 3/ 370.68 1,396.07 194.70 852.49 1,415.90 209.09 350.85 World Less China 147.70 1,130.67 183.28 656.94 1,128.43 209.02 138.59 United States 57.92 379.93 2.64 147.75 327.77 54.94 57.77 Total Foreign 312.76 1,016.14 192.06 704.74 1,088.13 154.15 293.08 Major Exporters 4/ 27.68 292.16 5.77 124.14 168.65 132.17 24.80 Argentina 4.06 59.23 0.01 12.59 18.55 39.36 5.39 Australia 2.29 10.93 0.00 4.18 6.25 4.67 2.32 Brazil 9.67 104.18 1.70 57.85 68.88 39.05 7.62 Canada 4.57 26.19 2.83 16.32 23.68 5.97 3.94 Russia 1.37 35.00 0.06 18.70 27.27 8.06 1.10 Ukraine 2.81 44.50 0.06 7.93 11.16 34.06 2.16 Major Importers 5/ 39.18 242.72 143.69 294.74 379.49 10.09 36.00 European Union 6/ 16.35 147.90 26.00 126.60 168.57 8.49 13.18 Japan 1.80 0.18 17.57 13.64 17.76 0.00 1.79 Mexico 6.18 33.11 17.41 30.87 50.11 0.80 5.80 N. Afr & Mideast 7/ 7.76 31.08 40.29 62.60 70.73 0.11 8.30 Saudi Arabia 2.08 0.29 10.61 10.75 11.23 0.00 1.75 Southeast Asia 8/ 2.34 29.88 16.97 37.69 45.74 0.69 2.76 South Korea 1.86 0.20 10.63 8.25 10.80 0.00 1.89 Selected Other China 222.98 265.41 11.42 195.55 287.47 0.07 212.26 1/ Aggregate of local marketing years. Coarse grai ns include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia and Ukraine. 5/ The European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia , Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2019 WASDE - 593 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Sep 355.94 1,396.44 203.02 855.52 1,416 .22 204.64 336.16 Oct 350.85 1,396.68 199.73 855.30 1,413.52 201.01 334.01 World Less China Sep 143.71 1,133.97 188.07 660.52 1,122.87 204.58 139.92 Oct 138.59 1,134.21 185.33 660.80 1,120.67 200.95 137.78 United States Sep 65.94 364.30 3.52 137.56 319.67 54.71 59.37 Oct 57.77 363.65 3.43 140.51 320.97 50.90 52.98 Total Foreign Sep 289.99 1,032.15 199.50 717.96 1,096.55 149.93 276.79 Oct 293.08 1,033.03 196.30 714.79 1,092.55 150.10 281.03 Major Exporters 4/ Sep 23.13 302.69 3.03 127.90 174.14 128.98 25.74 Oct 24.80 302.69 3.03 126.60 172.82 129.05 28.65 Argentina Sep 5.39 57.73 0.01 13.02 19.66 36.61 6.86 Oct 5.39 57.73 0.01 13.02 19.66 36.61 6.86 Australia Sep 2.22 12.00 0.00 4.50 6.57 5.47 2.19 Oct 2.32 11.50 0.00 4.40 6.47 5.12 2.24 Brazil Sep 5.83 104.23 1.70 59.87 71.95 34.01 5.80 Oct 7.62 104.23 1.70 58.87 70.95 34.01 8.59 Canada Sep 3.46 28.56 1.03 15.80 23.06 5.96 4.03 Oct 3.94 28.56 1.03 15.80 23.06 5.96 4.51 Russia Sep 1.11 39.38 0.09 19.83 28.28 10.49 1.81 Oct 1.10 39.88 0.09 19.83 28.38 10.92 1.78 Ukraine Sep 2.87 46.20 0.03 8.21 11.66 34.94 2.51 Oct 2.16 46.20 0.03 8.01 11.33 34.94 2.12 Major Importers 5/ Sep 34.46 255.45 146.48 302.40 388.27 10.28 37.85 Oct 36.00 256.34 144.88 301.73 387.42 10.38 39.42 European Union 6/ Sep 12.92 157.81 21.91 126.40 168.97 7.86 15.81 Oct 13.18 158.75 22.01 126.40 168.97 7.96 17.01 Japan Sep 1.64 0.18 17.27 13.42 17.51 0.00 1.58 Oct 1.79 0.18 17.37 13.46 17.57 0.00 1.77 Mexico Sep 4.94 33.10 19.01 32.41 51.99 1.50 3.56 Oct 5.80 33.10 18.01 32.41 51.69 1.50 3.72 N. Afr & Mideast 7/ Sep 8.06 32.87 42.72 65.38 73.61 0.19 9.84 Oct 8.30 32.81 42.92 65.67 74.00 0.19 9.83 Saudi Arabia Sep 1.85 0.25 13.51 13.25 13.70 0.00 1.92 Oct 1.75 0.25 12.51 12.25 12.70 0.00 1.82 Southeast Asia 8/ Sep 2.63 30.96 17.26 38.96 47.11 0.74 3.01 Oct 2.76 30.96 17.26 38.96 47.11 0.74 3.14 South Korea Sep 1.89 0.20 10.61 8.25 10.84 0.00 1.86 Oct 1.89 0.20 10.61 8.25 10.84 0.00 1.86 Selected Other China Sep 212.22 262.48 14.95 195.00 293.35 0.06 196.24 Oct 212.26 262.48 14.40 194.50 292.85 0.06 196.23 1/ Aggregate of local marketing years. Coars e grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia and Ukraine. 5/ The European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2019 WASD E - 593 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 351.35 1,078.08 149.96 672.04 1,088.10 147.78 341.34 World Less China 128.34 819.01 146.50 485.04 825.10 147.76 118.81 United States 58.25 371.10 0.92 134.73 313.98 61.92 54.37 Total Foreign 293.10 706.98 149.05 537.31 774.12 85.86 286.97 Major Exporters 4/ 25.32 164.42 1.18 81.63 102.63 71.79 16.49 Argentina 5.27 32.00 0.01 8.50 12.40 22.00 2.88 Brazil 14.02 82.00 0.92 54.00 63.50 24.15 9.28 Russia 0.78 13.20 0.05 7.40 8.30 5.53 0.20 South Africa 3.70 13.10 0.17 6.83 12.23 2.07 2.67 Ukraine 1.55 24.12 0.04 4.90 6.20 18.04 1.47 Major Importers 5/ 21.93 126.08 88.35 154.80 208.95 3.72 23.70 Egypt 1.89 6.40 9.46 13.40 15.90 0.01 1.84 European Union 6/ 7.60 62.02 18.47 57.00 76.50 1.75 9.84 Japan 1.32 0.00 15.67 12.00 15.60 0.00 1.39 Mexico 5.41 27.57 16.13 24.30 42.50 0.96 5.65 Southeast Asia 7/ 3.28 29.95 14.20 36.20 44.10 1.00 2.33 South Korea 1.76 0.07 10.02 7.70 10.00 0.00 1.85 Selected Other 0.00 Canada 2.57 14.10 1.70 8.87 14.02 1.94 2.42 China 223.02 259.07 3.46 187.00 263.00 0.02 222.53 2018/19 Est. Beginning Stocks Production Imports Domes tic Feed Domes tic Total 2/ Exports Ending Stocks World 3/ 341.34 1,123.22 163.91 704.56 1,140.53 177.88 324.03 World Less China 118.81 865.89 158.91 514.56 867.53 177.86 112.19 United States 54.37 366.29 0.71 142.70 315.20 52.46 53.71 Total Foreign 286.97 756.93 163.20 561.86 825.33 125.42 270.32 Major Exporters 4/ 16.49 210.72 2.10 83.50 105.50 109.30 14.51 Argentina 2.88 51.00 0.01 9.70 13.80 36.00 4.09 Brazil 9.28 101.00 1.00 55.00 65.00 39.00 7.28 Russia 0.20 11.42 0.05 7.50 8.40 3.00 0.26 South Africa 2.67 11.50 1.00 6.50 12.20 1.00 1.97 Ukrai ne 1.47 35.81 0.04 4.80 6.10 30.30 0.91 Major Importers 5/ 23.70 128.60 98.18 169.60 224.20 4.79 21.49 Egypt 1.84 6.80 9.70 13.70 16.20 0.01 2.13 European Union 6/ 9.84 64.22 24.80 68.00 88.00 3.30 7.55 Japan 1.39 0.00 15.80 12.10 15.80 0.00 1.40 Mexico 5.65 27.60 16.70 25.70 43.90 0.80 5.25 Southeast Asia 7/ 2.33 29.83 16.58 37.60 45.30 0.68 2.75 South Korea 1.85 0.08 10.50 8.20 10.55 0.00 1.88 Selected Other 0.00 Canada 2.42 13.89 2.77 9.50 14.70 1.80 2.58 China 222.53 257.33 5.00 190.00 273.00 0.02 211.84 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World impo rts and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2019 WASDE - 593 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Sep 329.55 1,104.88 169.44 694.24 1,128.16 169.90 306.27 Oct 324.03 1,104.01 166.09 693.86 1,125.49 166.59 302.55 World Less China Sep 117.71 850.88 162.44 506.24 851.16 169.88 110.45 Oct 112.19 850.01 159.09 505.86 848.49 166.57 106.73 United States Sep 62.12 350.52 1.27 131.45 306.21 52.07 55.62 Oct 53.71 350.01 1.27 134.63 307.74 48.26 48.99 Total Foreign Sep 267.43 754.36 168.17 562.79 821.95 117.83 250.65 Oct 270.32 754.00 164.82 559.23 817.76 118.33 253.56 Major Exporters 4/ Sep 13.42 214.00 1.17 86.40 110.10 103.70 14.78 Oct 14.51 214.50 1.17 85.20 108.80 104.20 17.17 Argentina Sep 4.09 50.00 0.01 10.30 15.00 33.50 5.59 Oct 4.09 50.00 0.01 10.30 15.00 33.50 5.59 Brazil Sep 5.49 101.00 1.00 57.00 68.00 34.00 5.49 Oct 7.28 101.00 1.00 56.00 67.00 34.00 8.28 Russia Sep 0.26 13.00 0.04 7.50 8.40 4.70 0.20 Oct 0.26 13.50 0.04 7.50 8.40 5.20 0.20 South Africa Sep 1.97 14.00 0.10 6.60 12.30 1.50 2.27 Oct 1.97 14.00 0.10 6.60 12.30 1.50 2.27 Ukraine Sep 1.61 36.00 0.02 5.00 6.40 30.00 1.23 Oct 0.91 36.00 0.02 4.80 6.10 30.00 0.83 Major Importers 5/ Sep 20.16 130.07 96.60 166.70 222.25 4.24 20.34 Oct 21.49 129.27 95.80 166.50 221.75 4.24 20.56 Egypt Sep 2.13 7.20 10.00 14.40 16.90 0.01 2.42 Oct 2.13 6.40 10.20 14.20 16.70 0.01 2.02 European Union 6/ Sep 7.25 64.80 21.00 62.00 82.50 2.00 8.55 Oct 7.55 64.80 21.00 62.00 82.50 2.00 8.85 Japan Sep 1.40 0.00 15.60 11.90 15.60 0.00 1.40 Oct 1.40 0.00 15.60 11.90 15.60 0.00 1.40 Mexico Sep 4.35 27.00 18.50 27.00 45.50 1.50 2.85 Oct 5.25 27.00 17.50 27.00 45.20 1.50 3.05 South east Asia 7/ Sep 2.62 30.91 16.90 38.90 46.70 0.73 3.00 Oct 2.75 30.91 16.90 38.90 46.70 0.73 3.12 South Korea Sep 1.88 0.08 10.50 8.20 10.60 0.00 1.85 Oct 1.88 0.08 10.50 8.20 10.60 0.00 1.85 Selected Other Canada Sep 2.10 14.00 1.00 8.50 13.70 1.50 1.90 Oct 2.58 14.00 1.00 8.50 13.70 1.50 2.38 China Sep 211.84 254.00 7.00 188.00 277.00 0.02 195.82 Oct 211.84 254.00 7.00 188.00 277.00 0.02 195.82 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazi l, Russia, South Africa and Ukraine. 5/ Egypt, the European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2019 WASDE - 593 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 149.72 494.86 46.73 482.24 47.13 162.34 World Less Ch ina 51.22 345.99 41.23 339.75 45.75 53.34 United States 1.46 5.66 0.87 4.30 2.76 0.93 Total Foreign 148.26 489.20 45.86 477.94 44.37 161.41 Major Exporters 4/ 27.64 181.69 0.76 144.77 36.45 28.88 Burma 0.55 13.20 0.01 10.20 2.75 0.81 India 20.55 112.76 0.00 98.67 12.04 22.60 Pakistan 1.34 7.50 0.00 3.40 4.01 1.42 Thailand 4.24 20.58 0.25 11.00 11.06 3.01 Vietnam 0.97 27.66 0.50 21.50 6.59 1.03 Major Importers 5/ 108.57 241.03 21.35 248.06 1.82 121.0 6 China 98.50 148.87 5.50 142.49 1.39 109.00 European Union 6/ 1.19 2.01 2.01 3.68 0.35 1.18 Indonesia 2.92 37.00 2.35 38.10 0.00 4.16 Nigeria 1.74 4.66 2.00 6.90 0.00 1.50 Philippines 2.00 12.24 1.30 13.25 0.00 2.29 Sel. Mideast 7/ 0.86 2.22 3.62 5.80 0.00 0.91 Selected Other 0.00 Brazil 0.63 8.20 0.56 7.75 1.15 0.49 C. Amer & Carib 8/ 0.68 1.64 1.66 3.27 0.04 0.68 Egypt 1.43 4.30 0.09 4.20 0.05 1.56 Japan 2.41 7.79 0.69 8.60 0.06 2.22 Mexico 0.17 0.18 0.81 0.92 0.10 0.15 South Korea 2.00 3.97 0.40 4.75 0.06 1.56 2018/19 Est. Beginning Stocks Production Imports Total /2 Domes tic Exports Ending Stocks World 3/ 162.34 498.95 44.51 489.44 45.28 171.85 World Less China 53.34 350.46 41.26 346.47 42.51 56.85 United States 0.93 7.12 0.92 4.58 2.97 1.42 Total Foreign 161.41 491.83 43.59 484.86 42.31 170.43 Major Exporters 4/ 28.88 185.26 0.66 147.67 33.70 33.43 Burma 0.81 13.18 0.01 10.50 2.60 0.90 India 22.60 116.42 0.00 101.02 11.80 26.20 Pakistan 1.42 7.40 0.00 3.45 4.10 1.27 Thailand 3.01 20.34 0.25 11.20 8.70 3.70 Vietnam 1.03 27.92 0.40 21.50 6.50 1.36 Major Imp orters 5/ 121.06 241.97 17.22 250.07 3.20 126.99 China 109.00 148.49 3.25 142.97 2.77 115.00 European Union 6/ 1.18 1.94 2.10 3.78 0.32 1.13 Indonesia 4.16 36.70 0.40 38.00 0.00 3.26 Nigeria 1.50 4.79 2.10 7.10 0.00 1.29 Philippines 2.29 11.73 3.57 14.10 0.00 3.49 Sel. Mideast 7/ 0.91 2.01 3.75 5.87 0.00 0.80 Selected Other 0.00 Brazil 0.49 7.14 0.90 7.55 0.75 0.23 C. Amer & Carib 8/ 0.68 1.69 1.77 3.43 0.03 0.67 Egypt 1.56 2.80 0.90 4.15 0.02 1.09 Japan 2.22 7.66 0.69 8.50 0.06 2.01 Mexico 0.15 0.19 0.76 0.92 0.03 0.15 South Korea 1.56 3.87 0.41 4.71 0.10 1.02 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ Burma, India, Pakis tan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central Ameri can and Caribbean countries. October 2019 WASDE - 593 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Sep 171.80 494.22 43.85 493.29 45.12 172.73 Oct 171.85 497.77 43.85 494.54 45.88 175.09 World Less China Sep 56.80 348.22 40.75 350.29 41.82 54.93 Oct 56.85 351.77 40.75 351.54 42.58 57.29 United States Sep 1.42 5.95 0.94 4.16 3.02 1.14 Oct 1.42 5.99 0.94 4.16 3.02 1.18 Total Foreign Sep 170.38 488.27 42.91 489.13 42.10 171.59 Oct 170.43 491.78 42.91 490.38 42.86 173.91 Major Exporters 4/ Sep 33.40 181.60 0.66 149.25 33.30 33.11 Oct 33.43 183.60 0.66 149.30 33.98 34.41 Burma Sep 0.87 13.30 0.01 10.50 2.60 1.08 Oct 0.90 13.30 0.01 10.50 2.63 1.08 India Sep 26.20 112.00 0.00 102.00 11.20 25.00 Oct 26.20 114.00 0.00 102.10 11.80 26.30 Pakistan Sep 1.27 7.50 0.00 3.55 4.00 1.22 Oct 1.27 7.50 0.00 3.55 4.00 1.22 Thailand Sep 3.70 20.50 0.25 11.20 9.00 4.25 Oct 3.70 20.50 0.25 11.20 9.00 4.25 Vietnam Sep 1.36 28.30 0.40 22.00 6.50 1.56 Oct 1.36 28.30 0.40 21.95 6.55 1.56 Major Importers 5/ Sep 126.99 241.50 15.93 251.31 3.71 129.40 Oct 126.99 241.70 16.03 251.41 3.71 129.60 China Sep 115.00 146.00 3.10 143.00 3.30 117.80 Oct 115.00 146.00 3.10 143.00 3.30 117.80 European Union 6/ Sep 1.13 2.01 2.05 3.80 0.30 1.09 Oct 1.13 2.01 2.05 3.80 0.30 1.09 Indonesia Sep 3.26 37.40 0.50 38.00 0.00 3.16 Oct 3.26 37.40 0.60 38.10 0.00 3.16 Nigeria Sep 1.29 4.90 2.20 7.30 0.00 1.09 Oct 1.29 4.90 2.20 7.30 0.00 1.09 Philippines Sep 3.49 12.20 2.70 14.60 0.00 3.79 Oct 3.49 12.20 2.70 14.60 0.00 3.79 Sel. Mideast 7/ Sep 0.80 2.29 3.68 6.06 0.00 0.71 Oct 0.80 2.29 3.68 6.06 0.00 0.71 Selected Other Brazil Sep 0.28 7.14 0.95 7.53 0.55 0.29 Oct 0.23 7.14 1.10 7.60 0.50 0.37 C. Amer & Carib 8/ Sep 0.67 1.55 1.90 3.44 0.03 0.65 Oct 0.67 1.55 1.90 3.44 0.03 0.65 Egypt Sep 1.09 3.05 0.60 4.00 0.01 0.73 Oct 1.09 4.30 0.30 4.35 0.10 1.24 Japan Sep 1.95 7.70 0.69 8.48 0.06 1.79 Oct 2.01 7.80 0.69 8.40 0.07 2.03 Mexico Sep 0.15 0.20 0.79 0.93 0.02 0.19 Oct 0.15 0.20 0.79 0.93 0.02 0.19 South Korea Sep 1.02 3.88 0.41 4.48 0.06 0.78 Oct 1.02 3.88 0.41 4.48 0.06 0.78 1/ Aggregate of local marketing years. 2/ Total foreign a nd world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ Burma, India, Pa kistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central Am erican and Caribbean countries. October 2019 WASDE - 593 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2017/18 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 80.29 123.78 41.15 122.77 41.41 0.12 80.93 World Less China 34.37 96.28 35.44 81.77 41.27 0.12 42.94 United States 2.75 20.92 3/ 3.23 16.28 -0.03 4.20 Total Foreign 77.54 102.86 41.14 119.54 25.13 0.15 76.73 Major Exporters 4/ 21.90 57.10 2.47 32.75 21.75 0.02 26.95 Central Asia 5/ 2.18 6.50 3/ 3.38 2.53 0.00 2.77 Afr. Fr. Zone 6/ 1.46 5.44 3/ 0.14 5.06 0.00 1.70 S. Hemis. 7/ 10.18 15.70 0.24 4.44 8.64 0.01 13.02 Australia 2.19 4.80 3/ 0.04 3.92 0.00 3.04 Brazil 6.93 9.22 0.08 3.40 4.17 0.00 8.66 India 7.88 29.00 1.68 24.15 5.18 0.00 9.23 Major Importers 8/ 54.18 42.93 36.04 82.74 2.35 0.12 47.93 Mexico 0.45 1.56 0.93 1.90 0.35 0.03 0.66 China 45.92 27.50 5.71 41.00 0.14 0.00 37.99 European Union 9/ 0.19 1.53 0.73 0.75 1.37 0.04 0.30 Turkey 1.53 4.00 4.02 7.45 0.33 0.00 1.78 Pakistan 2.32 8.20 3.40 10.90 0.16 0.03 2.83 Indonesia 0.62 3/ 3.50 3.50 0.01 0.00 0.62 Thailand 0.20 3/ 1.15 1.13 0.00 0.03 0.20 Bangladesh 1.63 0.14 7.60 7.50 0.00 0.01 1.86 Vietnam 0.88 3/ 7.00 6.60 0.00 0.00 1.29 2018/19 Est. Beginning Stocks Production Imports Domes tic Use Exports Los s /2 Ending Stocks World 80.93 119.01 42.36 120.23 41.23 0.12 80.73 World Less China 42.94 91.26 32.72 80.73 41.02 0.12 45.06 United States 4.20 18.37 3/ 2.98 14.76 -0.02 4.85 Total Foreign 76.73 100.65 42.36 117.25 26.47 0.14 75.88 Major Exporters 4/ 26.95 55.06 2.43 33.03 22.16 0.02 29.23 Central Asia 5/ 2.77 5.44 3/ 3.83 1.87 0.00 2.52 Afr. Fr. Zone 6/ 1.70 5.36 3/ 0.14 5.55 0.00 1.37 S. Hemis. 7/ 13.02 17.12 0.18 4.42 10.81 0.01 15.09 Australia 3.04 2.20 3/ 0.04 3.63 0.00 1.57 Brazil 8.66 12.75 0.02 3.40 6.01 0.00 12.01 India 9.23 26.50 1.80 24.00 3.50 0.00 10.03 Major Importers 8/ 47.93 42.65 37.50 80.09 2.99 0.11 44.89 Mexico 0.66 1.74 0.85 1.95 0.50 0.03 0.77 China 37.99 27.75 9.64 39.50 0.21 0.00 35.67 European Union 9/ 0.30 1.72 0.69 0.72 1.72 0.03 0.24 Turkey 1.78 3.70 3.50 6.80 0.48 0.00 1.69 Pakistan 2.83 7.60 2.85 10.70 0.06 0.03 2.50 Indonesia 0.62 3/ 3.05 3.15 0.01 0.00 0.51 Thailand 0.20 3/ 1.08 1.08 0.00 0.03 0.18 Bangladesh 1.86 0.14 7.20 7.40 0.00 0.01 1.78 Vietnam 1.29 3/ 6.90 7.00 0.00 0.00 1.19 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rou nding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, re flects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regi ons listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. October 2019 WASDE - 593 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2019/20 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Sep 80.80 124.90 43.28 121.74 43.34 0.15 83.75 Oct 80.73 124.77 42.90 121.61 42.91 0.19 83.69 World Less China Sep 45.13 97.15 33.28 82.24 43.22 0.15 49.95 Oct 45.06 97.02 33.40 82.11 42.74 0.19 50.45 United States Sep 4.85 21.86 0.01 3.00 16.50 0.02 7.20 Oct 4.85 21.71 0.01 3.00 16.50 0.06 7.00 filler filler filler filler filler filler filler Total Foreign Sep 75.95 103.04 43.28 118.74 26.84 0.13 76.55 Oct 75.88 103.07 42.90 118.61 26.41 0.13 76.69 Major Exporters 4/ Sep 29.29 56.69 2.26 33.96 22.93 0.02 31.33 Oct 29.23 57.09 2.28 33.94 22.43 0.02 32.21 Central Asia 5/ Sep 2.52 5.40 3/ 3.99 1.53 0.00 2.40 Oct 2.52 5.40 3/ 3.99 1.53 0.00 2.40 Afr. Fr. Zone 6/ Sep 1.42 5.89 3/ 0.14 5.54 0.00 1.63 Oct 1.37 5.89 3/ 0.14 5.41 0.00 1.71 S. Hemis. 7/ Sep 15.09 15.42 0.16 4.42 11.57 0.01 14.67 Oct 15.09 14.82 0.18 4.40 11.19 0.01 14.49 Australia Sep 1.57 1.40 3/ 0.04 1.90 0.00 1.04 Oct 1.57 1.20 3/ 0.04 1.70 0.00 1.04 filler filler filler filler filler filler filler Brazil Sep 12.06 12.00 0.03 3.40 8.50 0.00 12.19 Oct 12.01 11.60 0.03 3.40 8.30 0.00 11.94 India Sep 10.03 29.50 1.60 24.75 4.00 0.00 12.38 Oct 10.03 30.50 1.60 24.75 4.00 0.00 13.38 Major Importers 8/ Sep 44.88 43.30 38.51 80.59 2.65 0.11 43.34 Oct 44.89 42.93 38.13 80.49 2.70 0.11 42.64 Mexico Sep 0.75 1.60 0.85 2.00 0.45 0.03 0.73 Oct 0.77 1.58 0.85 2.00 0.45 0.03 0.72 China Sep 35.67 27.75 10.00 39.50 0.13 0.00 33.80 Oct 35.67 27.75 9.50 39.50 0.18 0.00 33.25 European Union 9/ Sep 0.23 1.71 0.68 0.73 1.62 0.03 0.25 Oct 0.24 1.76 0.68 0.71 1.67 0.03 0.27 Turkey Sep 1.69 4.10 3.10 6.80 0.38 0.00 1.72 Oct 1.69 4.10 3.20 6.90 0.35 0.00 1.74 Pakistan Sep 2.50 8.00 2.90 10.70 0.08 0.03 2.60 Oct 2.50 7.60 3.10 10.70 0.05 0.03 2.42 Indonesia Sep 0.51 3/ 3.30 3.20 0.01 0.00 0.61 Oct 0.51 3/ 3.30 3.20 0.01 0.00 0.61 Thailand Sep 0.18 3/ 1.05 1.03 0.00 0.03 0.18 Oct 0.18 3/ 1.05 1.03 0.00 0.03 0.18 Bangladesh Sep 1.78 0.14 7.30 7.40 0.00 0.01 1.81 Oct 1.78 0.14 7.30 7.40 0.00 0.01 1.81 Vietnam Sep 1.19 3/ 7.60 7.50 0.00 0.00 1.29 Oct 1.19 3/ 7.50 7.40 0.00 0.00 1.29 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit st ocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, inclu des Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. October 2019 WASDE - 593 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Crush Dom estic Total Exports Ending Stocks World 2/ 95.62 341.62 153.00 294.90 338.35 153.07 98.81 World Less China 75.50 326.33 58.90 204.90 232.05 152.93 75.75 United States 8.21 120.07 0.59 55.93 58.87 58.07 11.92 Total Foreign 87.41 221.55 152.40 238.9 8 279.48 94.99 86.89 Major Exporters 3/ 60.64 171.43 4.89 85.08 94.17 85.55 57.25 Argentina 27.00 37.80 4.70 36.93 43.63 2.13 23.73 Brazil 33.21 122.00 0.18 44.21 46.51 76.14 32.74 Paraguay 0.44 10.30 0.01 3.87 3.94 6.03 0.77 Major Importers 4/ 22.79 19.19 124.51 116.06 140.35 0.43 25.71 China 20.12 15.28 94.10 90.00 106.30 0.13 23.06 European Union 1.15 2.54 14.58 14.95 16.60 0.28 1.40 Southeast Asia 1.15 0.69 7.71 3.46 8.64 0.02 0.88 Mexico 0.15 0.43 4.87 5.25 5.29 0.00 0.17 2018/19 Est. Beginning Stocks Production Imports Domes tic C rus h Domes tic Tota l Exports Ending Stocks World 2/ 98.81 358.77 146.35 299.53 345.37 148.69 109.87 World Less China 75.75 342.87 63.35 214.53 243.27 148.57 90.13 United States 11.92 120.52 0.38 56.94 60.41 47.56 24.85 Total Foreign 86.89 238.26 145.97 242.60 284.96 101.13 85.03 Major Exporters 3/ 57.25 183.98 6.62 88.23 97.85 91.80 58.20 Argentina 23.73 55.30 6.47 41.25 48.15 8.15 29.20 Brazil 32.74 117.00 0.15 43.00 45.65 75.40 28.84 Paraguay 0.77 8.85 0.01 3.90 3.98 5.50 0.15 Major Importers 4/ 25.71 19.77 115.82 113.40 138.69 0.32 22.29 China 23.06 15.90 83.00 85.00 102.10 0.12 19.74 European Union 1.40 2.66 15.20 16.30 17.96 0.17 1.14 Southeast Asia 0.88 0.66 9.09 4.20 9.56 0.04 1.03 Mexico 0.17 0.34 5.23 5.50 5.54 0.00 0.20 2019/20 Proj. Beginning Stocks Production Imports Domes tic C rus h Domes tic Tota l Exports Ending Stocks World 2/ Sep 112.41 341.39 148.20 306.23 353.41 149.39 99.19 Oct 109.87 338.97 148.10 305.21 352.34 149.39 95.21 World Less China Sep 92.67 324.29 63.20 221.23 250.71 149.27 80.17 Oct 90.13 321.87 63.10 220.21 249.64 149.27 76.19 United States Sep 27.36 98.87 0.54 57.56 61.04 48.31 17.43 Oct 24.85 96.62 0.54 57.70 61.19 48.31 12.52 Total Foreign Sep 85.05 242.52 147.65 248.67 292.37 101.09 81.76 Oct 85.03 242.35 147.55 247.52 291.15 101.09 82.69 Major Exporters 3/ Sep 57.76 188.40 4.11 92.78 102.76 92.83 54.68 Oct 58.20 188.40 4.11 91.73 101.75 92.83 56.13 Argentina Sep 29.35 53.00 3.90 45.00 52.15 8.00 26.10 Oct 29.20 53.00 3.90 44.00 51.15 8.00 26.95 Brazil Sep 28.20 123.00 0.20 43.75 46.50 76.50 28.40 Oct 28.84 123.00 0.20 43.75 46.54 76.50 29.00 Paraguay Sep 0.20 10.20 0.01 3.95 4.03 6.20 0.18 Oct 0.15 10.20 0.01 3.90 3.98 6.20 0.18 Major Importers 4/ Sep 22.29 20.99 119.14 113.81 139.96 0.39 22.07 Oct 22.29 20.81 119.1 4 113.81 139.96 0.39 21.89 China Sep 19.74 17.10 85.00 85.00 102.70 0.13 19.02 Oct 19.74 17.10 85.00 85.00 102.70 0.13 19.02 European Union Sep 1.14 2.60 15.10 15.90 17.56 0.23 1.05 Oct 1.14 2.60 15.10 15.90 17.56 0.23 1.05 Southea st Asia Sep 1.03 0.64 9.89 4.53 10.14 0.04 1.37 Oct 1.03 0.64 9.89 4.53 10.14 0.04 1.37 Mexico Sep 0.20 0.40 5.80 5.95 5.99 0.00 0.41 Oct 0.20 0.22 5.80 5.95 5.99 0.00 0.23 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, wo rld supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia , Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to rounding. October 2019 WASDE - 593 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.17 232.68 59.91 229.23 64.80 11.72 World Less China 13.17 161.40 59.89 159.13 63.60 11.72 United States 0.36 44.66 0.44 32.24 12.72 0.50 Total Foreign 12.81 188.02 59.47 197.00 52.09 11.22 Major Exporters 3/ 7.29 68.86 0.03 25.47 44.16 6.55 Argentina 3.34 28.40 0.00 3.00 26.27 2.48 Brazil 3.32 34.30 0.02 17.71 16.03 3.90 India 0.63 6.16 0.01 4.77 1.86 0.18 Major Importers 4/ 1.84 20.48 38.77 58.96 0.66 1.46 European Union 0.49 11.81 18.35 30.04 0.40 0.21 Mexico 0.04 4.15 1.93 6.05 0.02 0.05 Southeast Asia 5/ 1.22 2.70 16.75 19.42 0.25 1.01 2018/19 Est. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ 11.72 235.22 62.62 230.94 67.37 11.25 World Less China 11.72 167.90 62.60 164.58 66.40 11.25 United States 0.50 44.45 0.64 32.84 12.34 0.41 Total Foreign 11.22 190.77 61.99 198.10 55.04 10.84 Major Exporters 3/ 6.55 72.85 0.04 26.80 46.88 5.76 Argentina 2.48 31.65 0.00 3.19 28.60 2.34 Brazil 3.90 33.35 0.03 18.13 15.93 3.21 India 0.18 7.85 0.02 5.48 2.35 0.21 Major Importers 4/ 1.46 22.31 38.70 60.44 0.58 1.46 European Union 0.21 12.88 18.30 30.79 0.35 0.25 Mexico 0.05 4.35 1.90 6.23 0.02 0.06 Southeast Asia 5/ 1.01 3.28 16.88 19.94 0.22 1.01 2019/20 Proj. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ Sep 11.72 239.96 65.34 236.98 68.18 11.85 Oct 11.25 239.71 64.41 236.24 67.99 11.14 World Less China Sep 11.72 172.64 65.29 170.51 67.28 11.85 Oct 11.25 172.39 64.36 169.77 67.09 11.14 United States Sep 0.41 45.04 0.45 33.11 12.43 0.36 Oct 0.41 45.18 0.45 33.25 12.43 0.36 Total Foreign Sep 11.31 194.92 64.88 203.87 55.75 11.49 Oct 10.84 194.53 63.95 202.99 55.56 10.78 Major Exporters 3/ Sep 6.26 75.71 0.04 28.15 47.60 6.26 Oct 5.76 75.46 0.04 28.14 47.40 5.72 Argentina Sep 2.69 34.00 0.00 3.40 30.50 2.79 Oct 2.34 33.75 0.00 3.39 30.30 2.40 Brazil Sep 3.36 33.95 0.03 18.95 15.20 3.19 Oct 3.21 33.95 0.03 18.95 15.20 3.04 India Sep 0.21 7.76 0.02 5.80 1.90 0.29 Oct 0.21 7.76 0.02 5.80 1.90 0.29 Major Importers 4/ Sep 1.52 22.63 40.23 62.05 0.60 1.73 Oct 1.46 22.63 39.68 61.55 0.60 1.62 European Union Sep 0.25 12.56 19.00 31.19 0.35 0.27 Oct 0.25 12.56 19.00 31.19 0.35 0.27 Mexico Sep 0.05 4.70 2.13 6.75 0.02 0.12 Oct 0.06 4.70 1.98 6.65 0.02 0.08 Southeast Asia 5/ Sep 1.13 3.54 17.32 20.51 0.23 1.26 Oct 1.01 3.54 17.02 20.21 0.23 1.13 1/ Data based on l ocal marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefor e, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Japan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. October 2019 WASDE - 593 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 3.76 55.15 9.81 54.71 10.54 3.47 World Less China 3.09 39.02 9.33 38.21 10.32 2.90 United States 0.78 10.78 0.15 9.70 1.11 0.91 Total Foreign 2.98 44.37 9.66 45.01 9.43 2.56 Major Exporters 3/ 0.74 19.31 0.33 12.28 7.28 0.83 Argentina 0.28 7.24 0.00 3.08 4.16 0.27 Brazil 0.29 8.50 0.05 6.94 1.51 0.39 European Union 0.16 2.84 0.28 2.23 0.90 0.16 Major Importers 4/ 1.37 18.44 5.86 24.48 0.27 0.91 China 0.67 16.13 0.48 16.50 0.21 0.57 India 0.48 1.39 2.98 4.72 0.01 0.12 North Africa 5/ 0.13 0.70 1.53 2.18 0.06 0.13 2018/19 Est. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ 3.47 56.12 11.04 55.52 11.33 3.77 World Less China 2.90 40.89 10.24 39.64 11.12 3.26 United States 0.91 11.02 0.18 10.41 0.92 0.78 Total Foreign 2.56 45.10 10.85 45.11 10.41 2.99 Major Exporters 3/ 0.83 20.14 0.43 12.30 8.02 1.08 Argentina 0.27 8.06 0.00 2.68 5.35 0.30 Brazil 0.39 8.25 0.05 7.17 1.11 0.40 European Union 0.16 3.10 0.38 2.41 0.85 0.38 Major Importers 4/ 0.91 18.01 6.77 24.36 0.30 1.03 China 0.57 15.23 0.80 15.89 0.21 0.51 India 0.12 1.76 3.30 4.95 0.01 0.23 North Africa 5/ 0.13 0.73 1.63 2.28 0.08 0.13 2019/20 Proj. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ Sep 3.78 57.25 11.61 57.11 11.85 3.68 Oct 3.77 57.20 11.74 57.17 11.87 3.68 World Less China Sep 3.27 42.02 10.51 40.90 11.73 3.18 Oct 3.26 41.97 10.54 40.88 11.72 3.18 United States Sep 0.78 11.13 0.20 10.66 0.78 0.67 Oct 0.78 11.15 0.20 10.66 0.78 0.69 Total Foreign Sep 3.00 46.13 11.41 46.45 11.07 3.01 Oct 2.99 46.05 11.54 46.51 11.09 2.98 Major Exporters 3/ Sep 1.11 20.86 0.41 12.48 8.77 1.13 Oct 1.08 20.80 0.41 12.43 8.76 1.09 Argentina Sep 0.33 8.70 0.00 2.84 5.85 0.34 Oct 0.30 8.65 0.00 2.69 5.95 0.31 Brazil Sep 0.40 8.39 0.05 7.20 1.25 0.39 Oct 0.40 8.39 0.05 7.30 1.15 0.39 European Union Sep 0.38 3.02 0.35 2.41 0.95 0.39 Oct 0.38 3.02 0.35 2.41 0.95 0.39 Major Importers 4/ Sep 1.03 18.04 7.31 25.14 0.21 1.02 Oct 1.03 18.04 7.41 25.22 0.24 1.02 China Sep 0.51 15.23 1.10 16.21 0.13 0.50 Oct 0.51 15.23 1.20 16.29 0.15 0.50 India Sep 0.23 1.75 3.50 5.24 0.01 0.23 Oct 0.23 1.75 3.50 5.24 0.01 0.23 North Africa 5/ Sep 0.13 0.73 1.66 2.32 0.08 0.12 Oct 0.13 0.73 1.66 2.32 0.08 0.12 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September y ear. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. October 2019 WASDE - 593 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red M eat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2018 IV 6,862 7,031 13,952 10,588 1,518 12,239 26,191 2,331 53.4 Annual 26,872 26,315 53,417 42,601 5,878 49,018 102,435 9,115 217.6 2019 I 6,414 6,838 13,308 10,384 1,446 11,957 25,264 2,307 54.5 II 6,814 6,615 13,487 10,933 1,450 12,513 26,000 2,337 55.8 III 6,920 6,705 13,678 11,400 1,430 12,950 26,628 2,340 54.1 IV* 6,800 7,420 14,277 10,950 1,520 12,597 26,874 2,360 53.8 Annual Sep Proj. 26,953 27,578 54,756 43,467 5,866 49,847 104,603 9,334 218.0 Oct Proj. 26,948 27,578 54,750 43,667 5,846 50,017 104,767 9,344 218.2 2020 I* 6,525 7,180 13,762 10,640 1,450 12,216 25,978 2,330 55.6 II* 7,150 6,825 14,031 11,190 1,460 12,792 26,823 2,350 56.5 III* 6,955 6,990 14,000 11,565 1,465 13,173 27,173 2,360 54.8 Annual Sep Proj. 27,670 28,410 56,308 44,000 5,930 50,476 106,784 9,410 221.2 Oct Proj. 27,670 28,680 56,578 44,385 5,910 50,841 107,419 9,420 221.6 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Product s Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2018 IV 115.32 42.77 86.7 81.4 125.6 17.07 Annual 117.12 45.93 97.8 80.2 137.6 16.26 2019 I 125.27 40.67 94.0 82.8 107.3 16.97 II 118.79 57.95 97.7 85.5 69.7 17.93 III 108.16 50.08 82.0 90.8 81.9 19.00 IV* 110.00 47.00 77.0 95.0 100.0 19.60 Annual Sep Proj. 113.5 49.5 87.0 88.5 90.5 18.35 Oct Proj. 115.50 49.00 87.50 88.50 89.50 18.40 2020 I* 120.00 54.00 89.0 86.0 87.0 19.00 II* 117.00 59.00 100.0 88.0 88.0 18.65 III* 113.00 61.00 90.0 91.0 105.0 18.85 Annual Sep Proj. 115 59 92 90 99 18.85 Oct Proj. 116 58 91 90 99 18.85 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8 -16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. October 2019 WASDE - 593 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2018 649 26,938 2,998 30,585 3,161 662 26,762 57.2 2019 Proj. Sep 662 27,019 3,030 30,711 3,141 670 26,900 57.2 Oct 662 27,014 3,030 30,706 3,126 675 26,905 57.2 2020 Proj. Sep 670 27,736 2,960 31,366 3,245 675 27,446 58.0 Oct 675 27,736 2,870 31,281 3,305 675 27,301 57.7 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2018 554 26,330 1,042 27,926 5,876 559 21,491 50.9 2019 Proj. Sep 559 27,592 956 29,107 6,530 600 21,977 51.8 Oct 559 27,592 956 29,107 6,580 590 21,937 51.7 2020 Proj. Sep 600 28,424 915 29,939 7,065 640 22,234 52.1 Oct 590 28,694 915 30,199 7,300 630 22,269 52.1 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2018 1,246 53,507 4,313 59,066 9,043 1,266 48,757 109.5 2019 Proj. Sep 1,266 54,845 4,244 60,355 9,678 1,310 49,367 110.2 Oct 1,266 54,839 4,239 60,344 9,713 1,310 49,321 110.1 2020 Proj. Sep 1,310 56,398 4,144 61,852 10,317 1,353 50,182 111.4 Oct 1,310 56,668 4,029 62,007 10,612 1,344 50,051 111.1 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2018 856 42,145 139 43,140 7,069 845 35,227 92.4 2019 Proj. Sep 845 43,002 130 43,976 7,131 845 36,001 93.9 Oct 845 43,200 130 44,174 7,111 895 36,169 94.3 2020 Proj. Sep 845 43,529 132 44,506 7,250 840 36,416 94.4 Oct 895 43,910 132 44,937 7,250 870 36,817 95.4 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2018 310 5,878 19 6,206 611 303 5,293 16.2 2019 Proj. Sep 303 5,866 15 6,184 627 295 5,261 16.0 Oct 303 5,846 13 6,162 637 265 5,259 16.0 2020 Proj. Sep 295 5,930 16 6,241 630 310 5,301 16.0 Oct 265 5,910 16 6,191 660 285 5,246 15.8 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2018 1,170 48,562 160 49,892 7,764 1,153 40,975 110.0 2019 Proj. Sep 1,153 49,381 147 50,682 7,837 1,147 41,698 111.2 Oct 1,153 49,549 145 50,847 7,830 1,167 41,851 111.6 2020 Proj. Sep 1,147 50,005 151 51,303 7,960 1,158 42,185 111.8 Oct 1,167 50,365 151 51,683 7,990 1,163 42,530 112.7 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2018 2,416 102,069 4,473 108,958 16,807 2,419 89,732 219.5 2019 Proj. Sep 2,419 104,227 4,392 111,037 17,515 2,457 91,065 221.4 Oct 2,419 104,389 4,384 111,192 17,543 2,477 91,172 221.7 2020 Proj. Sep 2,457 106,402 4,295 113,154 18,277 2,511 92,366 223.2 Oct 2,477 107,033 4,180 113,690 18,602 2,507 92,581 223.8 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready -to-cook weight for poult ry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. October 2019 WASDE - 593 - 33 U.S. Egg Supply and Use Commodity 2017 2018 2019 Proj. 2019 Proj. 2020 Proj. 2020 Proj. Sep Oct Sep Oct Eggs Million Dozen Supply Beginning Stocks 142.2 87.5 78.8 78.8 95.0 104.0 Production 8,942.7 9,114.6 9,334.0 9,344.0 9,410.0 9,420.0 Imports 34.2 17.8 16.5 15.5 16.0 16.0 Total Supply 9,119.1 9,220.0 9,429.3 9,438.3 9,521.0 9,540.0 Use Exports 354.9 333.1 314.3 314.3 300.0 300.0 Hatching Use 1,035.2 1,057.5 1,068.1 1,073.1 1,090.0 1,090.0 Ending Stocks 87.5 78.8 95.0 104.0 95.0 108.0 Disappearance Total 7,641.5 7,750.6 7,951.8 7,946.8 8,036.0 8,042.0 Per Capita (number) 281.8 284.0 289.7 289.5 291.0 291.2 Tota l U.S. Milk Supply and Use Commodity 2017 2018 2019 Proj. 2019 Proj. 2020 Proj. 2020 Proj. Sep Oct Sep Oct Milk Billion Pounds Production 215.5 217.6 218.0 218.2 221.2 221.6 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 12.7 13.4 13.8 13.8 13.0 13.0 Marketings 214.5 216.6 217.0 217.1 220.2 220.5 Import s 6.0 6.3 7.0 7.0 6.9 6.5 Total Cml. Supply 233.2 236.3 237.7 237.9 240.1 240.0 Fat Basis Use Commercial Exports 9.2 10.4 9.3 9.0 9.6 9.3 Ending Commercial Stocks 13.4 13.8 13.0 13.0 13.0 12.8 CCC Donations 0.0 0.0 0.2 0.2 0.2 0.2 Domestic Commercial Use 210.6 212.1 215.2 215.7 217.3 217.8 Skim -solid Basis Supply Beg. Commercial Stocks 9.5 11.8 10.7 10.7 10.0 10.4 Marketings 214.5 216.6 217.0 217.1 220.2 220.5 Imports 6.1 5.5 5.9 5.9 5.6 5.5 Total Cml. Supply 230.1 233.8 233.5 233.7 235.9 236.4 Skim -solid Basis Use Commercial Exports 40.8 44.7 40.2 40.0 42.6 43.0 Ending Commercial Stocks 11.8 10.7 10.0 10.4 9.8 9.5 CCC Donations 0.0 0.0 0.2 0.2 0.1 0.1 Domestic Commercial Use 177.5 178.5 183.2 183.1 183.4 183.8 Total Note: Totals may not add due to rounding. October 2019 WASDE - 593 - 34 U.S. Dairy Prices Commodity 2017 2018 2019 Proj. 2019 Proj. 2020 Proj. 2020 Proj. Sep Oct Sep Oct Product Prices 1/ Dollars Per Pound Cheese 1.6344 1.5377 1.700 1.710 1.775 1.790 Butter 2.3303 2.2572 2.265 2.260 2.225 2.200 Nonfat Dry Milk 0.8666 0.7945 1.015 1.020 1.035 1.040 Dry Whey 0.4437 0.3422 0.390 0.390 0.375 0.375 Filler Dollars Per Cwt Milk Prices 2/ Class III 16.17 14.61 16.45 16.55 17.05 17.20 Class IV 15.16 14.23 16.15 16.20 16.15 16.10 All Milk 3/ 17.65 16.26 18.35 18.40 18.85 18.85 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product price s for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly p rices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . October 2019 WASDE - 593 - 35 Reliability of October Projections 1/ Note: Tables on page s 35-37 present a record of the October projection and the final Estimate. Using world wheat production as an example, the "root m ean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 1.7 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 2.8 percent. The average difference between the Octobe r projection and the final estimate is 7.3 million tons, ranging from 0.1 million to 26.7 mill ion tons. The October projection has been below the estimate 27 times and above 10 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smalle st Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 1.7 2.8 7.3 0.1 26.7 27 10 U.S. 0.5 0.8 0.2 0.0 1.2 12 16 Foreign 1.9 3.2 7.3 0.1 26.8 27 10 Export s World 5.6 9.6 5.9 0.0 19.3 28 8 U.S. 8.4 14.2 2.3 0.3 10.0 16 21 Foreign 6.7 11.4 5.5 0.5 17.3 30 7 Domestic Use World 1.5 2.5 6.5 0.5 22.7 21 16 U.S. 6.1 10.3 1.6 0.1 3.6 10 27 Foreign 1.5 2.6 6.5 0.2 20.3 22 15 Ending Stocks World 8.0 13.5 9.9 0.6 32.5 29 8 U.S. 11.6 19.7 2.2 0.0 6.8 22 15 Foreign 8.5 14.3 8.4 0.0 29.3 29 8 COARSE GRAINS 2/ Production World 1.9 3.3 15.7 0.8 51.9 29 8 U.S. 2.7 4.6 4.6 0.1 17.9 22 15 Foreign 2.5 4.3 15.1 0.6 61.4 30 7 Exports World 7.3 12.4 7.3 0.1 28.9 25 12 U.S. 15.8 26.9 6.9 0.7 19.3 17 20 Foreign 13.1 22.2 7.6 0.6 21.4 24 13 Domestic Use World 1.6 2.6 12.4 0.2 42.4 24 13 U.S. 3.7 6.2 5.7 0.0 17.0 19 18 Foreign 1.8 3.0 11.0 0.0 42.1 25 12 Ending Stocks World 13.8 23.5 18.7 0.2 170.0 29 8 U.S. 22.2 37.7 8.8 0.5 29.1 20 17 Foreign 16.9 28.7 16.2 0.7 153.5 32 5 RICE, milled Production World 2.3 3.9 6.4 0.0 20.9 29 7 U.S. 3.3 5.6 0.2 0.0 0.5 21 16 Foreign 2.3 3.9 6.4 0.1 21.0 29 8 Exports World 9.3 15.8 1.7 0.1 6.3 27 10 U.S. 10.4 17.6 0.2 0.0 0.8 19 16 Foreign 10.6 18.0 1.7 0.0 6.3 27 10 Domestic Use World 1.8 3.1 4.3 0.3 20.3 29 8 U.S. 7.8 13.3 0.2 0.0 0.6 18 18 Foreign 1.9 3.2 4.3 0.1 20.7 29 8 Ending Stocks World 11.5 19.5 5.8 0.2 26.6 29 8 U.S. 23.6 40.0 0.2 0.0 0.8 20 16 Foreign 12.1 20.5 5.9 0.1 26.6 30 7 1/ Footnotes at end of table. CONTINUED October 2019 WASDE - 593 - 36 Reliability of October Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 4.4 7.5 6.7 0.1 28.7 19 18 U.S. 2.9 4.8 1.5 0.0 4.0 16 21 Foreign 7.2 12.1 6.6 0.0 28.1 18 19 Exports World 7.6 12.8 3.7 0.3 13.0 23 14 U.S. 11.5 19.5 2.8 0.1 8.6 23 14 Foreign 17.9 30.4 2.8 0.1 11.4 17 20 Domestic Use World 3.1 5.3 4.4 0.0 14.0 22 15 U.S. 3.8 6.5 1.4 0.0 4.5 24 12 Foreign 3.8 6.5 4.2 0.1 11.0 23 14 Ending Stocks World 17.5 29.8 5.0 0.3 18.6 21 16 U.S. 43.6 73.9 2.2 0.0 6.6 7 30 Foreign 19.2 32.6 4.4 0.3 19.9 20 17 COTTON Million 480 -Pound Bales Production World 4.5 7.6 2.9 0.0 10.9 20 16 U.S. 4.6 7.8 0.6 0.0 1.7 22 15 Foreign 5.2 8.8 2.7 0.0 10.5 19 17 Exports World 7.7 13.0 1.9 0.1 8.5 22 15 U.S. 17.7 30.1 1.1 0.1 3.1 22 15 Foreign 10.4 17.7 1.5 0.1 8.3 19 18 Domestic Use World 3.9 6.6 3.0 0.1 11.7 17 20 U.S. 7.9 13.4 0.4 0.0 1.2 18 18 Foreign 4.0 6.7 3.0 0.0 10.9 17 20 Ending Stocks World 13.3 22.6 4.9 0.0 15.1 22 14 U.S. 32.5 55.2 1.2 0.0 4.3 10 26 Foreign 14.3 24.3 4.6 0.2 15.6 26 11 1/ Marketing years 1981/82 through 2018/19 for grains, soybeans and cotton, with the exception of 2013/14. There was no WASDE published in October 2013, due to a partial government shutdown, so no 2013/14 foreca sts were published for that month. Final for grains, soybeans and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2017/18, and for 2018/19 the last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. October 2019 WASDE - 593 - 37 Reliability of United States October Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square e rror confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 2.8 4.8 181 5 618 21 16 Exports 16.3 27.7 248 12 700 17 20 Domestic Use 4.0 6.7 227 5 600 21 16 Ending Stocks 25.0 42.5 328 18 1,187 20 17 SORGHUM Production 4.8 8.2 19 0 71 21 15 Exports 24.4 41.3 38 1 130 20 17 Domestic Use 18.9 32.1 37 0 125 18 18 Ending Stocks 48.3 82.0 29 0 142 13 23 BARLEY Production 1.5 2.5 4 0 24 9 15 Exports 53.2 90.3 11 0 38 15 17 Domestic Use 7.7 13.1 18 0 70 12 24 Ending Stocks 13.7 23.3 14 1 56 24 13 OATS Production 2.5 4.2 2 0 18 6 11 Exports 91.4 155.2 1 0 8 9 12 Domestic Use 5.4 9.2 11 0 39 13 23 Ending Stocks 23.1 39.3 15 1 47 26 11 SOYBEAN MEAL Thousand Short Tons Production 3.6 6.2 1,090 105 2,815 25 12 Exports 11.7 19.9 758 0 2,200 21 15 Domestic Use 3.5 5.9 763 45 2,650 21 16 Ending Stocks 32.6 55.3 50 0 198 15 15 SOYBEAN OIL Million Pounds Production 3.8 6.5 515 1 1,473 27 10 Exports 29.8 50.5 372 25 1,525 21 16 Dom estic Use 3.9 6.6 445 20 1,928 25 12 Ending Stocks 26.4 44.9 399 35 1,327 18 19 ANIMAL PROD. Million Pounds Beef 3.9 6.7 783 18 2,461 23 13 Pork 3.2 5.4 404 2 1,592 19 17 Broilers 1.9 3.1 425 23 1,337 22 14 Turkeys 3.7 6.3 141 2 444 19 17 Million Dozen Eggs 1.8 3.1 102 4 468 24 12 Billion Pounds Milk 1.5 2.5 1.7 0.0 6.8 18 13 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2018/19 for grains, s oybeans, and cotton, with the exception of 2013/14. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2017/18, and for 2018/19 the last month’s estimate. Calendar years 1982 th rough 2018 for meats, eggs, and milk, with the exception of 2013. Final for animal products is defined as the latest annual production estimate published by NASS for 1982-2018. There was no WASDE published in October 2013, due to a partial government shut down, so no 2013/14 forecasts in that month were published for grains, soybeans, and cotton, and no 2013 forecast was published in that month for animal products. WASDE -593-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ To subscribe to receive WASDE -related notifications by email or text message visit https://public.govdelivery.com/accounts/USDAOC/subscriber/new?topic_id=USDAOC_223 . Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at 202 -720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE- 593 – October 10, 2019 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202 - 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250 -9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

O C W W N m G i f y i H f i l p u r C u a e t p p h f G s m b G m c p o a h ISSN: 1554-9 Office of the Chief Econo m WASDE - 5 6 WHEAT: T November. midpoint, b Global wh e ncrease f o for both th e yield proje c ncrease. P However, t for China, t ncreased 2 arge crop. pace. Tot a use. With remain rec COARSE G use projec t and shipm e export co m that the U. S part of 201 producers higher-than for ethanol Grain Cru s sorghum s u month. Gr bushel, do w Global coa million. T h consumpti o production of Statistic s and yield a had a goo d 089 mist 60 The U.S. 2 0 The mar k but the ran g eat produc t or Australi a e EU and B ction that r Prior to thi s he new yi e the EU, a n 2.6 million Russia e x al consum p supplies g ord large. GRAINS: tions. For e ent pace t h mmitments S. will likel 7. The pr o is raised 5 n-expecte d is raised 5 shings and upply or u s ain sorgh u wn 10 cen t rse grain p his month’ s on, increa s is increas e s. Corn p r and if reali z d start to t h W an Agri Farm Approve d 016/17 all keting yea r ge is narr o tion for 20 1 a, a 0.9-mil Brazil. Hig reflects ne a s change, eld is up 1 8 nd Brazil a r tons. Au s xports are ption is rai s rowing fas No chang e ecast U.S. hat is well a have not b y face str o ojected ra n cents on b d early-se a 5 million b u Co-Produ se, foreca s um prices i n ts on the h production s 2016/17 f sed trade, a ed reflecti n roduction f o zed would he growing World nd D icultural Ma r m Service A g d by the Wo r wheat su p r average p owed $0.2 0 16/17 is ra lion-ton in c her area e ar ideal w e USDA ha d 8 percent f re due to u stralia exp o lowered 1 sed 3.3 mil ter than u s es are ma d corn exp o above a y e been a rob u ong compe nge for the both ends ason price s ushels, ba s cts Produ c st ending s n 2016/17 high end o f for 2016/1 foreign co a and larger ng the late s or Brazil i s be record- season wd Agr ema rketing Ser v gency rld Agricultu pply and d e price recei 0 per bush e ised 6.5 m crease for estimated b eather sup p d already p from the p r pdated of f orts are rai s .0 million t lion tons w se, ending de to this m orts are un c ear ago. I n ust indicat o tition from season-a v to $3.05 t o s. The 201 sed on the ction repor t tocks a re l are proje c fthe range 7 is forec a arse grain o stocks rel a st informa t s raised thi s high. In t h while condi tricult nd E vice ral Outlook emand esti ved by pr o el to $3.6 0 million tons China, an d by ABARE S port the la r projected a revious re c ficial data. sed 3.5 mi tons due t o with higher stocks ar e month’s 20 changed t h n recent y e or of final e South A m verage co r o $3.65 pe 6/17 proj e latest indi t. With no lowered 5 cted to ave . ast 9.7 mill outlook is f ative to la s tion releas s month o n he Cente r-W tions fo r crtural Estim Economi c Foreign A Board mates are oducers is 0 to $3.80. led by a 4 d 0.4-milli o S combin e rge Austra l a record A u cord. Prod Global e x illion tons r o a slowe r- food and f e raised 2. 9 16/17 U.S his month, ears early- s exports, a n merica begi rn price re c r bushel, o ection of g r ications fr o other cha million bu s rage $2.8 0 ion tons h i for greate r st month. ed by the N n increase West, first - rop develo pSup mates c Research S Agricultural S Decembe unchang e unchange d .7-million- t on-ton incr e ed with a U lia product ustralia yie l uction inc r xports are reflecting t -than-expe feed and r e 9 million t o . corn sup p despite a season U. nd it is ex p nning in t h ceived by on continu e rain sorgh u om the NA S nges to gr a shels from 0 to $3.30 igher to 1, 3 r productio China cor n National B s in both a -crop corn pment in mply s Service Service r 9, 2016 ed from d at the ton eases SDA ion ld. reases he cted esidual ons and ply and sales S. corn pected he first ed um use SS ain last per 329.4 n and n ureau area has most of WASDE-560-2 southern Brazil were generally favorable du ring the month of No vember. The latest information from the Government of Brazil also indicates an area level above previous expectations, and the soybean crop is progr essing ahead of sche dule in the Center- West. Russia corn production is higher based on harvest re sults to date. Canada corn production is raised based on the latest da ta from Statistics C anada. Indonesia corn production is increased, primarily reflecting updated information in dicating a government- supported expansion in area on pr eviously idle land. Australi a barley production is raised and is projected to be record high. Major global trade changes this month include la rger projected corn ex ports for Brazil and Russia. Notable increases in corn imports are forecast for Vietnam, Iran, Taiwan, Colombia, and Egypt. Partly offsetting are reductions in projected imports for Canada, the EU and Indonesia. Forei gn corn ending stocks for 2016/17 are raised 4.1 million tons this month, with the largest stock increases projected for China, Vietnam, Brazil, and Russia. RICE: The U.S. 2016/17 all ri ce supply and demand estima tes are mostly unchanged from last month. Th e only adjustment to the balance sheet is a 1.0-million-cwt increase in rough exports that is offset by an e quivalent reduction in milled exports. These changes reflect export pace to date. Overall rice exports remain projected at 112.0 million cwt. The all rice mark eting year average price is lowered $0 .20 per cwt at the midpoint to a range of $9.9 0 to $10.90 on lower projec ted California prices. Global rice production for 20 16/17 is lowered 2.3 million tons to 481.5 million tons led by a 1.7-million-ton reduction for China and a 0.5-million-ton r eduction for t he Philippines. The China reduction is base d on updated government statistics. The Philippines reduction reflects updated assessments showing sto rm-related damage following October’s typhoons. Gl obal exports are lowere d 0.3 million tons and total use is lowered 0.6 million tons. With total su pplies falling faster than use this m onth, world ending stocks are lowered 1.5 million tons but up 3 percent from the prior year. OILSEEDS: Total U.S. oilseed production for 20 16/17 is forecast at 128.8 million tons, up slightly due to an increa se for cottonseed. Soybean supply and use projections for 2016/17 are unchanged from la st month. Although early- season soybean exports are sharply higher than a year ago, competition from South America is expected to be strong in the second half of the marketing year, limiting U.S. export prospects during the summer of 2017 relative to the prior year. Soybean ending stocks are proj ected at 480 million bushels which, if realiz ed, would be the hi ghest since 2006/07. Soybean oil used for methyl ester is raised 250 million pounds to 6.2 billion for 2016/17 reflecti ng the recent EPA Renewable Fuel Standard announcements for 2017. The U.S. season-average soybean price for 2016/17 is forecast at $8 .70 to $10.20 per bushel, up 25 cents on both ends of the range. Soybean oil is forecast at 34.5 to 37.5 cents per pound, up 2 cents on both ends. The soybea n meal price forecast is unchanged at $305 to $345 per short ton. WASDE-560-3 The 2016/17 global oilseed supply and demand estimates include higher production, exports, and ending stocks compared to last month. Global oi lseed production is projected up 3.4 m illion tons to 554.7 m illion on increases for soybeans, peanuts, sunflowerseed, and cottonseed partly offset by a reduction for rapeseed. Global soybean production is raised 1.9 millio n tons to 338.0 million on higher projected yields for India and Canada. Peanut production is raised 0.7 million t ons to 42.5 million mainly on increased production in India. Sunflowerseed production is ra ised 0.6 million tons to 44.3 million on increased production in Russia and South Africa. Global oilseed trade for 2016/1 7 is projected at 15 9.9 million tons, up 0. 1 million from last month. Soybean exports acco unt for most of the change with a higher projection for Canada partly offset by a reduction for Argenti na. Soybean imports ar e raised for the EU. Global oilseed ending stocks are projected at 94.6 m illion tons, up 1.7 million mainly on increased soybean stocks in Argentina and high er soybean and peanut stocks for India. Global 2016/17 soybea n and product supply a nd use changes include increased soybean crush for the EU and India, increased soy bean meal exports for India, and reduced soybean meal exports for Argentina, Brazil, and the United States. SUGAR: Minor adjustments are ma de to the 2015/16 U.S. su gar supply and use balance based on revised Sweetener Market Data (SMD) submitted by processors to USDA. For 2016/17, Hawaii cane sugar product ion is raised by 6,000 sh ort tons, raw value (STRV) based on close to end of se ason processor reporting. Te xas cane sugar production is raised by 5,000 STRV based on increased crop yield report ed by NASS. The projection of 2016/17 beet sugar production is unchanged as lower-than-expected sucrose levels in certain parts of the Red River Valley and Mi chigan are countered by strong content and record crop yields in western growing areas. Imports of re-export sugar are raised by 50,000 STRV to 175,000 based on pace to date while imports from Mexico are reduced by 45,330 STRV to 972,246. Total use is unchanged. E nding stocks fo r 2016/17 are projected at 1.912 million STRV , implying an ending stocks-t o-use ratio of 15.7 percent. Mexico sugar production for 2016/17 is increased by 70 ,922 metric tons (MT) to 6.371 million. Deliveries for human consumption are reduced by 65 ,219 MT to 4.389 million. These changes are made on the basis of forecasts ma de on November 14, 2016 by Comite Nacional Para El Desarrollo Sustentable de la Caña de Azucar (CONADESUCA). The ending stock total for 20 16/17 is projected at 1.229 million MT, an amount projected to meet sugar supply requir ements of domestic consumption and IMMEX deliveries for 2½ months of the following ma rketing year and exports to the U.S. market for the first three months of that same year. Exports are projected re sidually at 1.470 million MT. Exports to the United States are reduced by 38,795 MT based on the la rger of the Target Quantity of U.S. Sugar Needs from this month’s WASDE or the effective 2016/17 Export Limit previously calculated by the U. S. Department of Commerce, as per the Countervailing Duty (CVD) Suspension Agreem ent of December 19, 2014. Exports for 2016/17 to non-U.S. destination s are projected at 637,500 MT. LIVESTOCK, POULTRY, AND DAIRY: The 2016 forecast of total red meat and poultry production is raised from last month as higher forecast beef production offsets lower poultry and pork production. B eef production is raised on th e current pace of slaughter. WASDE-560-4 Pork production is lo wered due to counter-seasonally lighter-than-expected carcass weights this quarter. Broiler and turkey produ ction is forecast lower, largely reflecting the slower pace of slaughter in the fourth quarter. For 2017 , pork and broiler production forecasts are unchanged from the previous month, but be ef and turkey production forecasts are lowered. USDA will release its Quarterly Hogs and Pigs report on December 23 which will provide an indication of producer farrowing in tentions into the first part of 2017. Beef pro duction is forecast lower, re flecting lower expectations for cattle placements in late 20 16. However, the en suing decline in fed cattle slaughter will be slightly offset by higher expected cow slaug hter. The turkey production forecast is lowered from the previous month as a slower pace of slaughter is expected in the second half of the year. Egg production is fore cast higher for both 2016 and early 2017. The beef import forecast is raised for 2016 based on the recent pace of trade, but is unchanged for 2017. Beef ex ports are raised for 2016, reflecting stronger export demand, but are unchanged for 2017. Pork imports are lo wered for 2016 and 2017 on recent trade data and the expec ted impact of forecast growth in production on import demand. Forecast pork expor ts for 2017 are unchanged. Broiler and turkey export forecasts are unchanged for 2016 and 2017. Cattle prices are forecast higher for the rema inder of 2016 and thro ugh the first half of 2017 as demand has improved an d is expected to carry into early 2017. Hog prices are unchanged. Broiler prices are raised for 2016 and 201 7 on recent price strength. Turkey prices are lowered in 2016 and 2017 on weaker-than-expec ted demand. For 2016, egg prices are lowered reflecting current pric e data, but the price forecast for 2017 is unchanged. The milk production forecast is lowered for bo th 2016 and 2017 as sl ower growth in cow numbers more than offsets slight ly higher growth in milk per cow. Fat basis exports are raised for 2016 on higher butter exports, and skim-solids basis exports are increased on stronger sales of lactose. For 2017, fat basis exports are reduced on expected increased competition in cheese markets, but strength in lactose and nonfat dry milk (NDM) exports are expected to suppor t higher skim-solids basis exports. Import forecasts are lowered from last month for both fat and skim-solids bases. Fat ba sis ending stock forecasts for 2016 and 2017 are raised on hi gher expected cheese stocks. Although the skim-solids basis ending stock forecast fo r 2016 is raised on higher-than-expected cheese and NDM stocks, the forecast for 2017 is unchanged as robust NDM exports are expected to draw down stocks during the year. Price forecasts for cheese and butter are rais ed for 2016 on current price strength, but the forecasts for NDM and whey prices are unchanged. Product prices are forecast higher for 2017 as domestic demand strength is expected to carry into next year and higher export demand will suppor t NDM and whey prices. As a result of the higher cheese and butter price foreca sts, Class III and Class IV price forecasts are raised for 2016. Class III and IV prices are forecast higher for 2017 on hi gher component product prices. All milk prices are forecast higher at $16.05 to $16.15 per cwt for 2016 and $16.85 to $17.65 per cwt for 2017. C l 3 d a p a p c T s a r a A S C COTTON: ower dom e 362,000 b a decreases activity ind projection i at 4.8 milli o per pound cent on ea c The global stocks co m and others raised for C are raised Approved b y Seth D. Mey e Committees. This mon t estic mill u ales to 16. 5 for the Ca icates a sl o is raised 2 0 on bales o r for the ma ch end. 2016/17 f o mpared wit h . Consum p China and 842,000 b a y the Secret a er, (202) 72 th’s 2016/ 1 se, and hi g 5 million d u rolinas. D owdown i n 00,000 ba l r 31 perce n rketing ye a orecasts li k h last mon t ption is re d Vietnam. ales to 89. ary of Agric u 0-6030. Th WA 17 U.S. co t gher expo r ue to an in omestic m n pace co m les on hig h nt of disap ar averag e kewise sh o th. Produ c duced for I n World tra d 1 million. ulture and t h is report w a ASDE-560-5 tton forec a rts and en d crease for mill use is r e mpared to t her produc t pearance. e price rec e ow higher p ction is rai s ndia, the U de is revis e he Chairma n as prepared APPRO V LANON B SECRE T asts includ e ding stock s Texas, w h educed 20 he year-a g tion. Endi The fore c eived by p r productio n sed for Au s United Stat e ed margin a n of the Wo r by the Inte r VED BY: BACCAM TARY OF A e increase s. Produc t hich is part 0,000 bal e go level. T ng stocks cast range roducers i s n and incre stralia, the es, and S o ally. World rld Agricultu ragency Co m GRICULT U d producti o tion is rais e ially offset es as rece n The export are now p r of 64 to 7 0 s narrowe d ased endi n United St a outh Kore a ending st o ral Outlook mmodity Es t URE DESI G on, ed by nt rojected 0 cents d one ng ates, a, and ocks Board, timates GNATE N D E INTE Note: The W Demand Est i Estimates C o Wheat: Jennife r Rice: W Nathan Feed G r Tom C a Oilsee d Mark A s Cotton:Darryl E Sugar: Michael Meat A n Sherry W Poultry Larry H a Dairy: S Carolyn In 2 ApERAGE N World Agric u imates (WA ommittees ( William C r Bond, ER William Ch a Childs, E R rains: Mich apehart, E R ds: Keith M sh, ERS; B i Carol Sk e Earnest, A M Stephen H McConnel nimals: Sh Wise, AMS : Shayle S aller, AMS; Shayle Sh a Liebrand, 2017, the W pr. 11, May NCY C O ultural Outlo o SDE) repor t (ICECs) tha t hambers, I S; Andrew ambers, IC E RS; Rachel hael Jewis o RS; Yoonh e Menzie, IC E ill George, elly, ICEC C MS; Leslie M Haley, ICE C l, ERS; Ro hayle Sha g ; Mildred H Shagam, I C Sean Ra m agam, ICE C AMS; Jerr y WASDE re p 10, Jun. 9, WA OMMODI ok Board re v t. The Boa r t prepare th e CEC Chai r Sowell, F A EC Chair, W Trego, FA S on, ICEC C ee Macke, F EC Chair, W FAS; Sus a Chair, WA O Meyer, ER S C Chair, W A n Lord, F A gam, ICEC Haley, ERS ; CEC Chair, mos, ERS; C C Chair, W y Cessna, E port will be Jul. 12, A u ASDE-560-6 TY EST views and a p rd’s analyst s e monthly r e r, WAOB, E AS; Mark S WAOB, E-m S; Mark Si m Chair, WAO FAS; Susa n WAOB, E-m an Proper, F OB, E-mail : S; James J AOB, E-ma AS; Barbar a Chair, WA O ; Claire M e WAOB, E-m Claire Mez o AOB, E-ma ERS; Paul released o ug. 10, Se p IMATE S approves th e s chair the I n eport. E-mail : wc h imone, FS A mail: wcha mone, FS A OB, E-mail : n Prope r, F mail: kmen z FSA. : cskelly @ ohnson, F A ail: shaley @ a Fecso, F S OB, E-mai l ezoughem, mail: ssh a oughem, F ail: sshag a Kiendl, FA on Jan. 12, p. 12, Oct. 1 S COM M e World Agr i nteragency hambers@ A. mbers @o c A. mjewison @ FSA. [email protected] s @oce.usda. g AS; Sherri e @oce.usd a SA. l: sshaga m FAS; Dale agam@oce FAS; Milton [email protected] s S; Milton M Feb. 9, M a 12, Nov. 9, MITTEE S icultural Su p Commodity oce.usda. g ce.usda.g o @oce.usda. g sda.gov gov e Grimm, F a.gov [email protected] d Leuck, F S .usda.gov Madison, F sda.gov Madison, F S ar. 9, Dec. 12 S pply and gov ov gov SA. da.gov SA. FSA. SA. WASDE-560-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................... 1 Interagency Commodity Estimates Committees ..................................................... 6 World & U.S. Supply & Use for Grains ................................................................... 8 World & U.S. Supply & Use for Cotton ................................................................... 9 World & U.S. Supply & Use for Oilseeds .............................................................. 10 U.S. Wheat Supply & Use .................................................................................... 11 U.S. Wheat Supply & Use by Class ..................................................................... 11 U.S. Feed Grain & Corn Supply & Use ................................................................ 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13 U.S. Rice Supply & Use ....................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................ 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ............................................................................. 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use .................................................................................. 18 World Coarse Grains Supply & Use ..................................................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use ..................................................................................... 24 World Cotton Supply & Use ................................................................................. 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ..................................................................... 29 World Soybean Oil Supply & Use......................................................................... 30 U.S. Quarterly Animal Product Production ........................................................... 31 U.S. Quarterly Prices for Animal Products ........................................................... 31 U.S. Meats Supply and Use ................................................................................. 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use .................................................................................... 33 U.S. Dairy Prices ................................................................................................. 34 Reliability Tables ................................................................................................. 35 Related USDA Reports ........................................................................................ 38 Metric Conversion Factors ................................................................................... 38 Electronic Access and Subscriptions ....................................................................... 40 December 2016 WASDE - 560 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Outpu tTotal SupplyTrade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2014/15 2512.93 3032.53 394.14 2455.42 577.12 2015/16 (Est.) 2457.41 3034.52 376.88 2432.61 601.92 filler filler filler filler filler 2016/17 (Proj.) Nov 2548.16 3150.84 397.45 2529.41 621.43 2016/17 (Proj.) Dec 2562.12 3164.04 402.75 2536.76 627.28 filler filler filler filler filler Wheat 2014/15 728.26 922.94 164.42 705.74 217.20 2015/16 (Est.) 735.49 952.70 172.49 712.05 240.65 filler filler filler filler filler 2016/17 (Proj.) Nov 744.72 985.75 174.23 736.52 249.23 2016/17 (Proj.) Dec 751.26 991.91 176.83 739.77 252.14 filler filler filler filler filler Coarse Grains 5/ 2014/15 1306.12 1517.16 186.14 1271.77 245.39 2015/16 (Est.) 1249.65 1495.04 164.77 1250.24 244.80 filler filler filler filler filler 2016/17 (Proj.) Nov 1319.65 1564.98 182.23 1314.50 250.47 2016/17 (Proj.) Dec 1329.35 1574.15 185.20 1319.22 254.94 filler filler filler filler filler Rice, milled 2014/15 478.56 592.43 43.58 477.91 114.52 2015/16 (Est.) 472.27 586.79 39.62 470.32 116.47 filler filler filler filler filler 2016/17 (Proj.) Nov 483.80 600.11 40.99 478.38 121.72 2016/17 (Proj.) Dec 481.51 597.98 40.71 477.77 120.21 filler filler filler filler filler United States Outpu tTotal Supply Trade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2014/15 439.49 499.23 83.28 346.98 68.98 2015/16 (Est.) 429.21 505.96 81.59 348.21 76.16 filler filler filler filler filler 2016/17 (Proj.) Nov 474.42 558.24 93.21 367.12 97.92 2016/17 (Proj.) Dec 474.42 558.20 93.17 367.24 97.79 filler filler filler filler filler Wheat 2014/15 55.15 75.33 23.52 31.33 20.48 2015/16 (Est.) 56.12 79.67 21.09 32.02 26.55 filler filler filler filler filler 2016/17 (Proj.) Nov 62.86 92.82 26.54 35.16 31.12 2016/17 (Proj.) Dec 62.86 92.82 26.54 35.16 31.12 filler filler filler filler filler Coarse Grains 5/ 2014/15 377.23 414.99 56.70 311.34 46.95 2015/16 (Est.) 366.99 417.87 57.07 312.67 48.13 filler filler filler filler filler 2016/17 (Proj.) Nov 404.11 455.75 63.12 327.73 64.90 2016/17 (Proj.) Dec 404.11 455.71 63.08 327.86 64.77 filler filler filler filler filler Rice, milled 2014/15 7.11 8.91 3.06 4.30 1.55 2015/16 (Est.) 6.11 8.43 3.42 3.53 1.48 filler filler filler filler filler 2016/17 (Proj.) Nov 7.45 9.68 3.56 4.22 1.90 2016/17 (Proj.) Dec 7.45 9.68 3.56 4.22 1.90 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). December 2016 WASDE - 560 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Outpu tTotal Supply Trade 2 /Total UseEnding Stocks Total Grains 4/ 2014/15 2,073.45 2,533.31 310.87 2,108.44 508.14 2015/16 (Est.) 2,028.19 2,528.56 295.30 2,084.39 525.76 filler filler filler filler filler 2016/17 (Proj.) Nov 2,073.74 2,592.60 304.24 2,162.29 523.52 2016/17 (Proj.) Dec 2,087.70 2,605.84 309.58 2,169.51 529.50 filler filler filler filler filler Wheat 2014/15 673.11 847.61 140.90 674.40 196.73 2015/16 (Est.) 679.38 873.03 151.40 680.03 214.09 filler filler filler filler filler 2016/17 (Proj.) Nov 681.86 892.94 147.70 701.36 218.12 2016/17 (Proj.) Dec 688.40 899.09 150.30 704.61 221.02 filler filler filler filler filler Coarse Grains 5/ 2014/15 928.88 1,102.17 129.44 960.43 198.45 2015/16 (Est.) 882.66 1,077.17 107.70 937.58 196.67 filler filler filler filler filler 2016/17 (Proj.) Nov 915.54 1,109.23 119.11 986.77 185.57 2016/17 (Proj.) Dec 925.25 1,118.45 122.13 991.36 190.16 filler filler filler filler filler Rice, milled 2014/15 471.46 583.52 40.52 473.61 112.97 2015/16 (Est.) 466.16 578.36 36.20 466.79 115.00 filler filler filler filler filler 2016/17 (Proj.) Nov 476.34 590.43 37.44 474.16 119.83 2016/17 (Proj.) Dec 474.05 588.30 37.16 473.55 118.31 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales Outpu tTotal Supply Trade 2 /Total Use 3 /Ending Stocks World 2014/15 119.19 222.50 35.31 111.42 111.67 2015/16 (Est.) 96.46 208.13 35.18 111.27 96.80 filler filler filler filler filler 2016/17 (Proj.) Nov 103.28 200.19 35.21 111.99 88.31 2016/17 (Proj.) Dec 104.24 201.03 35.33 111.91 89.15 filler filler filler filler filler United States 2014/15 16.32 18.68 11.25 3.58 3.65 2015/16 (Est.) 12.89 16.57 9.15 3.45 3.80 filler filler filler filler filler 2016/17 (Proj.) Nov 16.16 19.97 12.00 3.50 4.50 2016/17 (Proj.) Dec 16.52 20.33 12.20 3.30 4.80 filler filler filler filler filler Foreign 4/ 2014/15 102.87 203.82 24.07 107.85 108.02 2015/16 (Est.) 83.57 191.55 26.03 107.82 93.00 filler filler filler filler filler 2016/17 (Proj.) Nov 87.12 180.21 23.21 108.49 83.81 2016/17 (Proj.) Dec 87.71 180.70 23.13 108.61 84.35 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. December 2016 WASDE - 560 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Outpu tTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2014/15 536.85 614.52 147.06 439.26 93.57 2015/16 (Est.) 522.12 615.69 153.10 448.23 89.29 filler filler filler filler filler 2016/17 (Proj.) Nov 551.23 640.15 159.74 463.56 92.87 2016/17 (Proj.) Dec 554.66 643.95 159.85 465.89 94.56 filler filler filler filler filler Oilmeals 2014/15 299.52 313.21 85.46 293.95 16.02 2015/16 (Est.) 307.06 323.08 87.23 304.39 14.31 filler filler filler filler filler 2016/17 (Proj.) Nov 317.91 331.83 91.66 316.36 11.96 2016/17 (Proj.) Dec 319.30 333.61 91.09 315.97 13.52 filler filler filler filler filler Vegetable Oils 2014/15 176.98 200.66 76.54 171.76 23.36 2015/16 (Est.) 177.20 200.56 73.98 178.71 19.53 filler filler filler filler filler 2016/17 (Proj.) Nov 185.72 205.17 78.58 183.50 18.07 2016/17 (Proj.) Dec 186.45 205.98 78.26 184.81 17.97 filler filler filler filler filler United States Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2014/15 116.03 121.83 51.12 55.11 6.76 2015/16 (Est.) 115.88 123.76 53.79 55.08 6.88 filler filler filler filler filler 2016/17 (Proj.) Nov 128.68 137.22 56.96 57.09 14.63 2016/17 (Proj.) Dec 128.78 137.45 56.96 57.20 14.63 filler filler filler filler filler Oilmeals 2014/15 43.27 47.44 12.15 35.00 0.29 2015/16 (Est.) 42.85 47.21 11.21 35.69 0.30 filler filler filler filler filler 2016/17 (Proj.) Nov 44.24 48.56 11.23 37.00 0.34 2016/17 (Proj.) Dec 44.10 48.43 11.05 37.05 0.34 filler filler filler filler filler Vegetable Oils 2014/15 10.94 16.14 1.17 13.68 1.29 2015/16 (Est.) 11.20 17.03 1.25 14.54 1.24 filler filler filler filler filler 2016/17 (Proj.) Nov 11.54 17.28 1.24 14.81 1.24 2016/17 (Proj.) Dec 11.57 17.31 1.24 14.93 1.15 filler filler filler filler filler Foreign 3/ OutputTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2014/15 420.82 492.69 95.95 384.15 86.81 2015/16 (Est.) 406.24 491.93 99.31 393.16 82.41 filler filler filler filler filler 2016/17 (Proj.) Nov 422.55 502.94 102.77 406.47 78.24 2016/17 (Proj.) Dec 425.88 506.50 102.89 408.69 79.93 filler filler filler filler filler Oilmeals 2014/15 256.25 265.78 73.32 258.96 15.73 2015/16 (Est.) 264.21 275.87 76.02 268.70 14.00 filler filler filler filler filler 2016/17 (Proj.) Nov 273.67 283.26 80.43 279.36 11.62 2016/17 (Proj.) Dec 275.20 285.18 80.04 278.92 13.19 filler filler filler filler filler Vegetable Oils 2014/15 166.05 184.52 75.36 158.08 22.08 2015/16 (Est.) 166.00 183.53 72.73 164.17 18.29 filler filler filler filler filler 2016/17 (Proj.) Nov 174.18 187.89 77.35 168.69 16.83 2016/17 (Proj.) Dec 174.88 188.66 77.03 169.87 16.82 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. December 2016 WASDE - 560 - 11 U.S. Wheat Supply and Use 1/ 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Nov Dec Million Acres Area Planted 56.8 55.0 50.2 50.2 Area Harvested 46.4 47.3 43.9 43.9 Bushels Yield per Harvested Acre 43.7 43.6 52.6 52.6 Million Bushels Beginning Stocks 590 752 976 976 Production 2,026 2,062 2,310 2,310 Imports 151 113 125 125 Supply, Total 2,768 2,927 3,410 3,410 Food 958 957 963 963 Seed 79 67 69 69 Feed and Residual 114 152 260 260 Domestic, Total 1,151 1,176 1,292 1,292 Exports 864 775 975 975 Use, Total 2,015 1,952 2,267 2,267 Ending Stocks 752 976 1,143 1,143 Avg. Farm Price ($/bu) 2/ 5.99 4.89 3.50 - 3.90 3.60 - 3.80 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winte rHard Red SpringSoft Red Winte r White Durum Total Millio n Bushel s 2015/16 (Est.) Beginning Stocks 294 212 154 67 26 752 Production 830 568 359 221 84 2,062 Supply, Total 3/ 1,130 828 531 294 143 2,927 Domestic Use 458 304 255 73 86 1,176 Exports 226 252 120 147 29 775 Use, Total 685 556 375 220 116 1,952 Ending Stocks, Total 446 272 157 74 28 976 2016/17 (Proj.) Beginning Stocks 446 272 157 74 28 976 Production 1,082 493 345 286 104 2,310 Supply, Total 3/ 1,534 805 538 367 166 3,410 Domestic Use 556 302 249 102 83 1,292 Exports 395 295 90 170 25 975 Use, Total 951 597 339 272 108 2,267 Ending Stocks, Total Dec 583 208 199 95 58 1,143 Ending Stocks, Total Nov 588 210 195 95 55 1,143 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing-year weighted average price received by farmers. 3/ Includes imports. December 2016 WASDE - 560 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Nov Dec Million Acres Area Planted 103.5 103.2 107.1 107.1 Area Harvested 93.1 93.0 96.4 96.4 Metric Tons Yield per Harvested Acre 4.05 3.94 4.19 4.19 Million Metric Tons Beginning Stocks 34.3 46.9 48.1 48.1 Production 377.1 366.7 403.8 403.8 Imports 3.2 3.7 3.3 3.2 Supply, Total 414.6 417.3 455.2 455.1 Feed and Residual 138.5 135.6 148.6 148.6 Food, Seed & Industrial 172.5 176.6 178.6 178.7 Domestic, Total 310.9 312.1 327.2 327.3 Exports 56.7 57.1 63.1 63.1 Use, Total 367.6 369.2 390.3 390.4 Ending Stocks 46.9 48.1 64.9 64.8 CORN 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Novembe r Decembe r Million Acres Area Planted 90.6 88.0 94.5 94.5 Area Harvested 83.1 80.7 86.8 86.8 Bushels Yield per Harvested Acre 171.0 168.4 175.3 175.3 Million Bushels Beginning Stocks 1,232 1,731 1,738 1,738 Production 14,216 13,601 15,226 15,226 Imports 32 67 50 50 Supply, Total 15,479 15,400 17,013 17,013 Feed and Residual 5,280 5,130 5,650 5,650 Food, Seed & Industrial 2/ 6,601 6,635 6,735 6,735 Ethanol & by-products 3/ 5,200 5,206 5,300 5,300 Domestic, Total 11,881 11,764 12,385 12,385 Exports 1,867 1,898 2,225 2,225 Use, Total 13,748 13,662 14,610 14,610 Ending Stocks 1,731 1,738 2,403 2,403 Avg. Farm Price ($/bu) 4/ 3.70 3.61 3.00 - 3.60 3.05 - 3.65 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access th e data on the Web through the Feed Grains Database at www.ers.usda.gov/data-products/feed-grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average pric e received by farmers. December 2016 WASDE - 560 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Nov Dec Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 7.1 8.5 6.8 6.8 Area Harvested (mil. acres) 6.4 7.9 6.0 6.0 Yield (bushels/acre) 67.6 76.0 76.5 76.5 Beginning Stocks 34 18 37 37 Production 433 597 462 462 Imports 0511 Supply, Total 467 620 500 500 Feed and Residual 82 103 90 90 Food, Seed & Industrial 15 142 120 125 Total Domestic 97 245 210 215 Exports 352 339 250 250 Use, Total 449 583 460 465 Ending Stocks 18 37 40 35 Avg. Farm Price ($/bu) 2/ 4.03 3.31 2.80 - 3.40 2.80 - 3.30 Filler Filler Filler Filler Filler BARLEY 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Novembe r Decembe r Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.0 3.6 3.1 3.1 Area Harvested (mil. acres) 2.5 3.2 2.6 2.6 Yield (bushels/acre) 72.7 69.1 77.9 77.9 Beginning Stocks 82 79 102 102 Production 182 218 199 199 Imports 24 19 20 18 Supply, Total 287 315 321 319 Feed and Residual 43 50 60 60 Food, Seed & Industrial 151 153 153 153 Total Domestic 194 202 213 213 Exports 14 11 10 8 Use, Total 209 213 223 221 Ending Stocks 79 102 98 98 Avg. Farm Price ($/bu) 2/ 5.30 5.52 4.55 - 5.15 4.55 - 5.15 Filler Filler Filler Filler Filler OATS 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Novembe r Decembe r Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.8 3.1 2.8 2.8 Area Harvested (mil. acres) 1.0 1.3 1.0 1.0 Yield (bushels/acre) 67.9 70.2 66.0 66.0 Beginning Stocks 25 54 57 57 Production 70 90 65 65 Imports 1 0 98 69 09 0 Supply, Total 204 229 212 212 Feed and Residual 71 93 85 85 Food, Seed & Industrial 77 77 78 78 Total Domestic 148 170 163 163 Exports 2222 Use, Total 150 172 165 165 Ending Stocks 54 57 47 47 Avg. Farm Price ($/bu) 2/ 3.21 2.12 1.70 - 2.00 1.75 - 2.05 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. December 2016 WASDE - 560 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Nov Dec Million Acres Area Planted 2.95 2.61 3.18 3.18 Area Harvested 2.93 2.58 3.13 3.13 Filler Pounds Yield per Harvested Acre 7,576 7,470 7,493 7,493 Million Hundredweight Beginning Stocks 2/ 31.8 48.5 46.5 46.5 Production 222.2 192.3 234.8 234.8 Imports 24.6 24.1 23.5 23.5 Supply, Total 278.7 265.0 304.7 304.7 Domestic & Residual 3/ 134.4 110.8 133.0 133.0 Exports, Total 4/ 95.7 107.7 112.0 112.0 Rough 31.8 38.2 41.0 42.0 Milled (rough equiv.) 63.9 69.6 71.0 70.0 Use, Total 230.2 218.5 245.0 245.0 Ending Stocks 48.5 46.5 59.7 59.7 Avg. Milling Yield (%) 5/ 70.50 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 13.40 12.10 10.10 - 11.10 9.90 - 10.90 Total LONG-GRAIN RICE 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Novembe r Decembe r Harvested Acres (mil.) 2.20 1.84 Yield (pounds/acre) 7,407 7,218 Beginning Stocks 16.2 26.5 22.7 22.7 Production 162.7 133.0 176.1 176.1 Supply, Total 7/ 200.6 180.4 219.3 219.3 Domestic & Residual 3/ 106.2 81.1 103.0 103.0 Exports 8/ 68.0 76.5 79.0 79.0 Use, Total 174.2 157.7 182.0 182.0 Ending Stocks 26.5 22.7 37.3 37.3 Avg. Farm Price ($/cwt) 6/ 11.90 11.10 9.20 - 10.20 9.20 - 10.20 Filler Filler Filler Filler Filler MEDIUM & SHORT-GRAIN RICE 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Novembe r Decembe r Harvested Acres (mil.) 0.74 0.73 Yield (pounds/acre) 8,080 8,103 Beginning Stocks 13.3 20.2 20.9 20.9 Production 59.6 59.3 58.7 58.7 Supply, Total 7/ 76.1 81.8 82.6 82.6 Domestic & Residual 3/ 28.3 29.6 30.0 30.0 Exports 8/ 27.7 31.2 33.0 33.0 Use, Total 56.0 60.9 63.0 63.0 Ending Stocks 20.2 20.9 19.6 19.6 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 18.30 15.30 12.90 - 13.90 11.90 - 12.90 California 10/ 21.60 18.30 14.50 - 15.50 13.00 - 14.00 Other States 1/ 14.40 11.20 9.20 - 10.20 9.20 - 10.20 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2014/15-1.9; 2015/16-2.9; 2016/17-2.9. 3/ Residual includes un reported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. The 2014/15 and 2015/16 milling yield is based on the Farm Service Agenc y (FSA) warehouse stored loan data for long, medium, and short grain rice. The 2016/17 milling yield is calculated using the previous five-year Olympic average-- 2011/12-2015/16. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain seasonaverage- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.65 per cwt from 2008/09-2013/14, with a high of $3.50 per cwt in 2008/0 9 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. December 2016 WASDE - 560 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Nov Dec Filler Filler Filler Filler Filler Million Acres Area Planted 83.3 82.7 83.7 83.7 Area Harvested 82.6 81.7 83.0 83.0 Filler Bushels Yield per Harvested Acre 47.5 48.0 52.5 52.5 Million Bushels Beginning Stocks 92 191 197 197 Production 3,927 3,926 4,361 4,361 Imports 33 24 30 30 Supply, Total 4,052 4,140 4,588 4,588 Crushings 1,873 1,886 1,930 1,930 Exports 1,842 1,936 2,050 2,050 Seed 96 97 95 95 Residual 50 24 32 32 Use, Total 3,862 3,943 4,108 4,108 Ending Stocks 191 197 480 480 Avg. Farm Price ($/bu) 2/ 10.10 8.95 8.45 - 9.95 8.70 - 10.20 Total SOYBEAN OIL 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Novembe r Decembe r Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,165 1,855 1,718 1,687 Production 4/ 21,399 21,950 22,290 22,290 Imports 264 288 250 275 Supply, Total 22,828 24,093 24,258 24,252 Domestic Disappearance 18,959 20,166 20,450 20,550 Biodiesel 3/ 5,039 5,670 5,950 6,200 Food, Feed & other Industrial 13,920 14,496 14,500 14,350 Exports 2,014 2,240 2,150 2,150 Use, Total 20,973 22,406 22,600 22,700 Ending stocks 1,855 1,687 1,658 1,552 Avg. Price (c/lb) 2/ 31.60 29.86 32.50 - 35.50 34.50 - 37.50 Total SOYBEAN MEAL 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Novembe r Decembe r Filler 1 2 3 4 Thousand Shor t Tons Beginning Stocks 250 260 264 264 Production 4/ 45,062 44,672 45,811 45,611 Imports 333 403 325 325 Supply, Total 45,645 45,335 46,400 46,200 Domestic Disappearance 32,277 33,108 34,100 34,100 Exports 13,108 11,963 12,000 11,800 Use, Total 45,384 45,071 46,100 45,900 Ending Stocks 260 264 300 300 Avg. Price ($/s.t.) 2/ 368.49 324.56 305.00 - 345.00 305.00 - 345.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by f armers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodi esel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 1,890 millio n bushels for 2015/16 and 1,930 million bushels for 2016/17. December 2016 WASDE - 560 - 16 U.S. Sugar Supply and Use 1/ 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Nov Dec Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 1,810 1,815 2,055 2,054 Production 2/ 8,656 8,989 9,331 9,342 Beet Sugar 4,893 5,119 5,371 5,371 Cane Sugar 3,763 3,870 3,960 3,971 Florida 1,981 2,173 2,142 2,142 Hawaii 146 152 40 46 Louisiana 1,513 1,428 1,644 1,644 Texas 123 116 135 140 Imports 3,553 3,341 2,691 2,696 TRQ 3/ 1,536 1,620 1,533 1,533 Other Program 4/ 471 396 125 175 Other 5/ 1,546 1,325 1,033 987 Mexico 1,532 1,309 1,018 972 Total Supply 14,019 14,145 14,077 14,092 Exports 1 8 57 42 52 5 Deliveries 12,019 12,051 12,155 12,155 Food 6/ 11,888 11,881 12,000 12,000 Other 7/ 131 170 155 155 Miscellaneous 0- 3 3 0 0 Total Use 12,204 12,091 12,180 12,180 Ending Stocks 1,815 2,054 1,897 1,912 Stocks to Use Ratio 14.9 17.0 15.6 15.7 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2015/16 and 2016/17 are based on Crop Production and processor projections where appropriate. 3/ For 2016/17, WTO raw sugar TRQ shortfall (99). For 2015/16, WTO raw sugar TR Q shortfall (125) 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ For 2014/15, other high-tier (15) and other (0). For 2015/16, other high-tier (16) and other (0). For 2016/17, other high-tier (15) and other (0). 6/For 2014/15, combines SMD deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar-containing products for reexport, and for nonedible alcohol, feed, and ethanol. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2015/16 Est. Nov 811 6,117 70 4,754 1,207 1,037 2015/16 Est. Dec 811 6,117 70 4,754 1,207 1,037 2016/17 Proj. Nov 1,037 6,300 10 4,784 1,325 1,238 2016/17 Proj. Dec 1,037 6,371 10 4,719 1,470 1,229 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): Oct-Sep 2014/15 = 1,444; Oct-Sep 2015/16 = 1,482, projected Oct-Sep 2016/17 = 1,459. Footnote source: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes domestic consumption, Mexico's products export program (IMMEX), and any residual statistical discrepancies. IMMEX: 2015/16 (330 est), 2016/17 (330 proj). Statistical Adjustment: 2015/16 (37), 2016/17 (0). December 2016 WASDE - 560 - 17 U.S. Cotton Supply and Use 1/ 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Nov Dec Filler Filler Filler Filler Filler Area Million Acres Planted 11.04 8.58 10.15 10.15 Harvested 9.35 8.07 9.66 9.66 Filler Pounds Yield per Harvested Acre 838 766 803 821 Million 480 Pound Bales Beginning Stocks 2.35 3.65 3.80 3.80 Production 16.32 12.89 16.16 16.52 Imports 0.01 0.03 0.01 0.01 Supply, Total 18.68 16.57 19.97 20.33 Domestic Use 3.58 3.45 3.50 3.30 Exports, Total 11.25 9.15 12.00 12.20 Use, Total 14.82 12.60 15.50 15.50 Unaccounted 2/ 0.21 0.17 -0.03 0.03 Ending Stocks 3.65 3.80 4.50 4.80 Avg. Farm Price 3/ 61.3 61.2 63.00 - 71.00 64.00 - 70.00 Total Note: Reliability calculations at end of report. 1/ Upland and ex tra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. December 2016 WASDE - 560 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 194.69 728.26 159.11 131.80 705.74 164.42 217.20 United States 16.07 55.15 4.12 3.09 31.33 23.52 20.48 Total Foreign 178.62 673.11 154.99 128.71 674.41 140.90 196.73 Major Exporters 4/ 27.39 224.18 6.66 62.87 147.32 81.47 29.44 Argentina 2 . 4 9 1 3 . 9 30 . 0 40 . 3 06 . 3 55 . 3 04 . 8 0 Australia 4.56 23.91 0.16 3.80 7.20 16.59 4.84 Canada 10.41 29.42 0.49 3.77 9.10 24.16 7.05 European Union 5/ 9.94 156.92 5.98 55.00 124.68 35.42 12.74 Major Importers 6/ 100.66 197.40 84.96 29.88 262.34 7.64 113.05 Brazil 1.89 6.00 5.37 0.30 10.70 1.69 0.87 China 65.27 126.21 1.93 16.00 116.50 0.80 76.11 Sel. Mideast 7/ 12.37 17.66 21.27 4.45 36.15 1.52 13.64 N. Africa 8/ 14.03 17.01 25.43 2.48 42.73 0.61 13.14 Pakistan 2.19 25.98 0.75 1.00 24.50 0.70 3.72 Southeast Asia 9/ 3.43 0.00 19.85 4.76 18.52 0.95 3.82 Selected Other India 17.83 95.85 0.05 4.50 93.10 3.41 17.22 FSU-12 15.64 112.74 7.68 24.65 75.36 40.21 20.49 Russia 5.18 59.08 0.33 13.00 35.50 22.80 6.29 Kazakhstan 1 . 9 9 1 3 . 0 00 . 6 02 . 0 06 . 8 05 . 5 43 . 2 5 Ukraine 3.67 24.75 0.03 4.00 11.50 11.27 5.68 2015/16 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 217.20 735.49 169.94 138.44 712.05 172.49 240.65 United States 20.48 56.12 3.07 4.13 32.02 21.09 26.55 Total Foreign 196.73 679.38 166.86 134.31 680.03 151.40 214.09 Major Exporters 4/ 29.44 223.41 7.56 67.63 151.94 82.34 26.12 Argentina 4 . 8 0 1 1 . 3 00 . 0 10 . 2 05 . 9 09 . 4 00 . 8 1 Australia 4.84 24.50 0.15 3.80 7.23 16.12 6.14 Canada 7.05 27.59 0.49 2.63 7.83 22.13 5.17 European Union 5/ 12.74 160.01 6.92 61.00 130.98 34.68 14.01 Major Importers 6/ 113.05 204.29 92.22 27.61 263.57 6.45 139.54 Brazil 0.87 5.54 6.75 0.50 10.50 1.06 1.60 China 76.11 130.19 3.48 10.50 112.00 0.73 97.04 Sel. Mideast 7/ 13.64 18.80 19.14 4.60 37.30 0.55 13.72 N. Africa 8/ 13.14 19.91 27.78 2.28 43.65 0.72 16.47 Pakistan 3.72 25.10 0.01 0.80 24.40 0.60 3.83 Southeast Asia 9/ 3.82 0.00 24.55 8.04 22.33 0.97 5.08 Selected Other India 17.22 86.53 0.47 4.20 88.55 1.13 14.54 FSU-12 20.49 118.24 7.37 26.90 78.21 51.48 16.41 Russia 6.29 61.04 0.82 14.00 37.00 25.54 5.60 Kazakhstan 3 . 2 5 1 3 . 7 50 . 0 72 . 1 06 . 9 07 . 6 02 . 5 6 Ukraine 5.68 27.27 0.03 5.20 12.30 17.43 3.25 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, Ch ina, Japan, Mexico, N. Africa, Pa kistan, selected Middle East, and S outheast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeri a, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2016 WASDE - 560 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Nov 241.03 744.72 169.94 146.89 736.52 174.23 249.23 Dec 240.65 751.26 171.54 148.09 739.77 176.83 252.14 United States Nov 26.55 62.86 3.40 7.08 35.16 26.54 31.12 Dec 26.55 62.86 3.40 7.08 35.16 26.54 31.12 Total Foreign Nov 214.48 681.86 166.54 139.81 701.36 147.70 218.12 Dec 214.09 688.40 168.14 141.01 704.61 150.30 221.02 Major Exporters 4/ Nov 26.42 217.77 7.14 66.60 152.16 75.00 24.18 Dec 26.12 223.07 7.14 67.80 153.36 78.50 24.48 Argentina Nov 1.11 14.40 0.01 0.10 6.30 8.00 1.21 Dec 0.81 14.40 0.01 0.10 6.30 8.00 0.91 Australia Nov 6.14 28.30 0.15 4.00 7.46 20.50 6.63 Dec 6.14 33.00 0.15 4.50 7.96 24.00 7.33 Canada Nov 5.17 31.50 0.49 4.50 9.70 21.50 5.95 Dec 5.17 31.70 0.49 4.70 9.90 21.50 5.95 European Union 5/ Nov 14.01 143.57 6.50 58.00 128.70 25.00 10.38 Dec 14.01 143.97 6.50 58.50 129.20 25.00 10.28 Major Importers 6/ Nov 139.64 197.91 87.38 31.67 271.24 7.34 146.35 Dec 139.54 199.05 88.48 31.67 271.99 7.44 147.64 Brazil Nov 1.60 6.34 6.20 0.50 10.80 1.50 1.84 Dec 1.60 6.70 6.50 0.70 11.30 1.60 1.90 China Nov 97.04 128.00 3.50 15.00 117.00 0.80 110.74 Dec 97.04 128.85 3.50 15.00 117.00 0.80 111.59 Sel. Mideast 7/ Nov 13.82 19.41 17.36 4.61 38.29 0.55 11.75 Dec 13.72 19.41 17.36 4.61 38.39 0.55 11.55 N. Africa 8/ Nov 16.47 14.13 28.10 2.28 44.88 0.84 12.98 Dec 16.47 14.13 28.10 2.28 44.88 0.84 12.98 Pakistan Nov 3.83 25.30 0.03 0.80 24.50 0.90 3.75 Dec 3.83 25.30 0.03 0.80 24.50 0.90 3.75 Southeast Asia 9/ Nov 5.08 0.00 21.80 7.49 22.21 0.99 3.69 Dec 5.08 0.00 22.60 7.29 22.36 0.99 4.34 Selected Other India Nov 14.54 90.00 3.00 4.50 96.14 0.40 11.00 Dec 14.54 90.00 3.00 4.50 96.14 0.40 11.00 FSU-12 Nov 16.41 131.43 7.52 28.30 79.92 54.64 20.80 Dec 16.41 131.43 7.52 28.30 79.92 53.64 21.80 Russia Nov 5.60 72.00 0.50 16.00 39.00 30.00 9.10 Dec 5.60 72.00 0.50 16.00 39.00 29.00 10.10 Kazakhstan Nov 2.56 16.50 0.06 2.20 7.00 8.50 3.62 Dec 2.56 16.50 0.06 2.20 7.00 8.50 3.62 Ukraine Nov 3.25 27.00 0.03 4.70 11.80 15.50 2.97 Dec 3.25 27.00 0.03 4.70 11.80 15.50 2.97 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, Ch ina, Japan, Mexico, N. Africa, Pa kistan, selected Middle East, and S outheast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeri a, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2016 WASDE - 560 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 211.05 1,306.12 170.13 751.60 1,271.77 186.14 245.39 United States 34.31 377.23 3.44 138.62 311.34 56.70 46.95 Total Foreign 176.73 928.88 166.69 612.98 960.43 129.44 198.45 Major Exporters 4/ 25.53 169.11 4.70 82.70 112.73 67.56 19.04 Argentina 3.17 35.73 0.00 9.07 14.23 21.45 3.22 Australia 1.03 12.61 0.00 3.26 4.94 7.17 1.53 Brazil 14.26 87.67 0.82 50.25 60.02 34.51 8.21 Canada 4.65 21.99 1.71 13.87 21.30 3.72 3.33 Major Importers 5/ 43.82 257.82 109.97 264.53 346.46 15.95 49.21 European Union 6/ 15.57 170.85 9.24 121.38 162.56 13.99 19.11 Japan 1.74 0.17 16.73 12.94 16.90 0.00 1.74 Mexico 3.49 32.69 11.62 24.50 42.18 0.79 4.83 N. Afr & Mideast 7/ 13.42 26.74 34.07 51.65 59.61 0.09 14.54 Saudi Arabia 3.72 0.29 11.26 11.43 11.91 0.00 3.36 Southeast Asia 8/ 3.62 26.77 12.87 30.69 38.70 1.07 3.50 South Korea 1.87 0.24 10.25 8.08 10.47 0.00 1.89 Selected Other China 82.66 222.75 25.70 158.80 229.06 0.02 102.03 FSU-12 7.03 91.60 0.82 42.11 58.15 33.87 7.44 Russia 1.77 40.39 0.09 20.88 31.14 8.67 2.43 Ukraine 3.64 39.39 0.03 11.82 15.43 24.33 3.29 2015/16 Est. Beginning Stocks Productio n ImportsDomestic FeedDomesti c Total 2 / ExportsEnding Stocks World 3/ 245.39 1,249.65 180.53 762.87 1,250.24 164.77 244.80 United States 46.95 366.99 3.93 135.85 312.67 57.07 48.13 Total Foreign 198.45 882.66 176.60 627.02 937.58 107.70 196.67 Major Exporters 4/ 19.04 153.49 7.19 82.19 111.85 52.75 15.11 Argentina 3.22 37.94 0.01 9.36 14.42 24.11 2.64 Australia 1.53 12.44 0.00 4.19 5.87 6.70 1.40 Brazil 8.21 69.13 2.81 48.64 57.99 16.54 5.62 Canada 3.33 25.62 1.18 14.22 21.67 4.60 3.87 Major Importers 5/ 49.21 246.46 124.07 272.29 354.62 15.51 49.61 European Union 6/ 19.11 151.81 14.24 116.57 157.49 13.11 14.55 Japan 1.74 0.18 17.06 13.29 17.26 0.00 1.72 Mexico 4.83 32.19 14.95 26.62 44.42 1.35 6.21 N. Afr & Mideast 7/ 14.54 33.75 32.84 56.87 65.22 0.11 15.81 Saudi Arabia 3.36 0.17 14.79 13.55 13.95 0.00 4.38 Southeast Asia 8/ 3.50 28.09 15.20 33.36 41.47 0.93 4.40 South Korea 1.89 0.19 10.19 7.83 10.32 0.00 1.95 Selected Other China 102.03 231.83 17.50 166.95 239.00 0.03 112.34 FSU-12 7.44 82.12 0.53 39.54 54.62 31.24 4.24 Russia 2.43 37.43 0.11 20.25 29.64 9.00 1.33 Ukraine 3.29 33.39 0.05 10.34 13.87 21.19 1.67 1/ Aggregate of local marketing years. Co arse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing year s, grain in transit, and reportin g discrepancies in some countr ies. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Malays ia, Philippines, Th ailand, and Vietnam. December 2016 WASDE - 560 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Nov 245.33 1,319.65 171.22 790.63 1,314.50 182.23 250.47 Dec 244.80 1,329.35 172.73 792.62 1,319.22 185.20 254.94 United States Nov 48.13 404.11 3.51 148.89 327.73 63.12 64.90 Dec 48.13 404.11 3.47 148.89 327.86 63.08 64.77 Total Foreign Nov 197.20 915.54 167.70 641.73 986.78 119.11 185.57 Dec 196.67 925.25 169.26 643.73 991.36 122.13 190.16 Major Exporters 4/ Nov 15.36 182.52 3.30 85.72 116.64 66.99 17.55 Dec 15.11 186.62 2.88 86.07 117.00 69.19 18.42 Argentina Nov 2.64 44.14 0.01 9.98 15.54 28.11 3.14 Dec 2.64 44.02 0.01 9.97 15.53 27.91 3.23 Australia Nov 1.60 14.26 0.00 4.27 5.94 7.98 1.94 Dec 1.40 14.48 0.00 4.39 6.06 7.78 2.04 Brazil Nov 5.62 86.02 1.05 51.07 60.92 25.53 6.23 Dec 5.62 89.02 1.05 51.07 60.92 28.03 6.73 Canada Nov 3.93 24.57 1.59 14.70 22.26 3.85 3.98 Dec 3.87 25.63 1.09 14.94 22.50 3.95 4.15 Major Importers 5/ Nov 49.51 239.68 121.96 277.49 359.41 10.16 41.58 Dec 49.61 240.71 123.81 279.34 361.36 10.26 42.51 European Union 6/ Nov 14.56 151.96 14.08 119.66 160.48 8.26 11.87 Dec 14.55 152.39 13.68 119.47 160.39 8.36 11.89 Japan Nov 1.73 0.17 16.87 13.19 17.18 0.00 1.59 Dec 1.72 0.17 16.87 13.19 17.18 0.00 1.58 Mexico Nov 6.53 31.83 14.78 27.92 45.82 0.80 6.52 Dec 6.21 31.83 14.78 27.92 45.82 0.80 6.19 N. Afr & Mideast 7/ Nov 15.98 27.52 34.22 57.01 65.05 0.17 12.50 Dec 15.81 27.52 35.17 57.40 65.44 0.17 12.88 Saudi Arabia Nov 4.19 0.17 14.21 14.23 14.63 0.00 3.94 Dec 4.38 0.17 14.21 14.23 14.63 0.00 4.13 Southeast Asia 8/ Nov 4.02 27.76 13.62 33.71 41.72 0.94 2.74 Dec 4.40 28.36 14.52 35.01 43.02 0.94 3.32 South Korea Nov 1.95 0.20 9.89 7.64 10.12 0.00 1.92 Dec 1.95 0.20 9.89 7.64 10.11 0.00 1.92 Selected Other China Nov 112.34 223.70 13.70 170.00 245.15 0.03 104.56 Dec 112.34 227.35 13.20 169.60 245.75 0.03 107.11 FSU-12 Nov 4.44 90.43 0.66 41.30 56.76 33.15 5.62 Dec 4.24 91.43 0.66 41.30 56.76 33.75 5.81 Russia Nov 1.43 40.00 0.11 21.20 30.85 8.76 1.92 Dec 1.33 41.00 0.11 21.20 30.85 9.36 2.23 Ukraine Nov 1.77 38.10 0.06 10.73 14.30 23.21 2.42 Dec 1.67 38.10 0.06 10.73 14.30 23.21 2.32 1/ Aggregate of local marketing years. Co arse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing year s, grain in transit, and reportin g discrepancies in some countr ies. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Malays ia, Philippines, Th ailand, and Vietnam. December 2016 WASDE - 560 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 174.77 1,014.01 125.17 584.32 980.52 142.20 208.26 United States 31.29 361.09 0.80 134.11 301.79 47.42 43.97 Total Foreign 143.48 652.92 124.36 450.21 678.73 94.78 164.29 Major Exporters 4/ 17.58 124.33 2.30 60.15 77.95 54.12 12.14 Argentina 1.41 28.70 0.00 6.00 9.30 18.96 1.85 Brazil 13.97 85.00 0.33 48.00 57.00 34.46 7.84 South Africa 2.20 10.63 1.96 6.15 11.65 0.69 2.45 Major Importers 5/ 19.04 134.14 69.56 142.24 193.81 5.88 23.06 Egypt 2.40 5.96 7.84 11.50 13.90 0.00 2.30 European Union 6/ 6.89 75.84 8.91 59.50 77.88 4.03 9.73 Japan 1.29 0.00 14.66 11.00 14.60 0.00 1.35 Mexico 2.60 25.48 11.34 17.80 34.55 0.78 4.09 Southeast Asia 7/ 3.61 26.72 12.83 30.60 38.60 1.07 3.49 South Korea 1.86 0.08 10.17 8.04 10.25 0.00 1.86 Selected Other 0.00 Canada 1.60 11.49 1.56 7.43 12.82 0.42 1.40 China 81.32 215.65 5.52 140.00 202.00 0.01 100.47 FSU-12 3.37 43.80 0.51 18.76 21.48 23.18 3.02 Ukraine 2.40 28.45 0.03 8.00 9.40 19.66 1.82 2015/16 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 208.26 961.08 138.85 597.32 960.40 121.22 208.95 United States 43.97 345.49 1.71 130.30 298.83 48.20 44.14 Total Foreign 164.29 615.60 137.13 467.01 661.57 73.02 164.81 Major Exporters 4/ 12.14 103.90 5.31 58.50 75.80 37.80 7.74 Argentina 1.85 29.00 0.01 6.00 9.30 20.50 1.05 Brazil 7.84 67.00 2.30 46.80 55.30 16.50 5.34 South Africa 2.45 7.90 3.00 5.70 11.20 0.80 1.35 Major Importers 5/ 23.06 118.47 81.72 144.60 196.25 4.24 22.76 Egypt 2.30 6.00 8.78 12.45 14.85 0.01 2.21 European Union 6/ 9.73 58.48 13.77 55.00 73.20 1.95 6.83 Japan 1.35 0.00 15.19 11.60 15.20 0.00 1.34 Mexico 4.09 25.80 14.01 20.30 37.10 1.35 5.45 Southeast Asia 7/ 3.49 28.04 15.19 33.30 41.40 0.93 4.39 South Korea 1.86 0.08 10.12 7.80 10.12 0.00 1.94 Selected Other 0.00 Canada 1.40 13.56 1.01 7.39 12.79 1.74 1.45 China 100.47 224.63 3.17 153.50 217.50 0.00 110.77 FSU-12 3.02 39.85 0.38 17.79 20.40 21.42 1.43 Ukraine 1.82 23.33 0.03 6.70 8.00 16.60 0.59 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Braz il, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade ex cludes intra-trade. 7/ Indo nesia, Malaysia, Philippines, Thailand, and Vietnam. December 2016 WASDE - 560 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Nov 209.40 1,030.53 134.09 624.85 1,021.74 144.23 218.19 Dec 208.95 1,039.73 135.99 626.89 1,026.43 147.68 222.25 United States Nov 44.14 386.75 1.27 143.52 314.59 56.52 61.05 Dec 44.14 386.75 1.27 143.52 314.59 56.52 61.05 Total Foreign Nov 165.26 643.78 132.82 481.34 707.14 87.71 157.14 Dec 164.81 652.98 134.72 483.38 711.83 91.16 161.20 Major Exporters 4/ Nov 7.74 133.00 1.11 61.40 79.80 52.00 10.05 Dec 7.74 136.00 1.11 61.40 79.80 54.50 10.55 Argentina Nov 1.05 36.50 0.01 6.80 10.50 25.00 2.06 Dec 1.05 36.50 0.01 6.80 10.50 25.00 2.06 Brazil Nov 5.34 83.50 0.60 49.00 58.00 25.50 5.94 Dec 5.34 86.50 0.60 49.00 58.00 28.00 6.44 South Africa Nov 1.35 13.00 0.50 5.60 11.30 1.50 2.05 Dec 1.35 13.00 0.50 5.60 11.30 1.50 2.05 Major Importers 5/ Nov 22.64 118.64 78.65 145.90 197.33 3.44 19.16 Dec 22.76 119.67 79.80 147.40 198.93 3.54 19.76 Egypt Nov 2.14 6.00 8.75 12.65 15.05 0.01 1.83 Dec 2.21 6.00 9.00 12.70 15.10 0.01 2.10 European Union 6/ Nov 6.84 60.28 13.50 55.80 73.80 1.70 5.12 Dec 6.83 60.70 13.10 55.60 73.70 1.80 5.14 Japan Nov 1.35 0.00 15.00 11.50 15.10 0.00 1.25 Dec 1.34 0.00 15.00 11.50 15.10 0.00 1.24 Mexico Nov 5.82 24.50 13.80 20.60 37.50 0.80 5.82 Dec 5.45 24.50 13.80 20.60 37.50 0.80 5.45 Southeast Asia 7/ Nov 4.01 27.71 13.60 33.65 41.65 0.93 2.74 Dec 4.39 28.31 14.50 34.95 42.95 0.93 3.32 South Korea Nov 1.94 0.08 9.80 7.60 9.90 0.00 1.91 Dec 1.94 0.08 9.80 7.60 9.90 0.00 1.91 Selected Other Canada Nov 1.49 12.50 1.50 7.80 13.30 0.70 1.49 Dec 1.45 13.20 1.00 7.80 13.30 0.80 1.55 China Nov 110.77 216.00 3.00 159.00 226.00 0.02 103.75 Dec 110.77 219.55 3.00 159.00 227.00 0.02 106.31 FSU-12 Nov 1.63 45.56 0.42 19.09 21.87 23.10 2.65 Dec 1.43 46.56 0.42 19.09 21.87 23.70 2.85 Ukraine Nov 0.68 27.00 0.05 6.90 8.30 18.00 1.43 Dec 0.59 27.00 0.05 6.90 8.30 18.00 1.34 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Tr ade excludes intra-trade. 7/ Indonesi a, Malaysia, Philippines, Thailand, and Vietnam. December 2016 WASDE - 560 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2014/15 Beginning StocksProductio n Imports Total /2 DomesticExports Ending Stocks World 3/ 113.87 478.56 41.14 477.91 43.58 114.52 United States 1.03 7.11 0.78 4.30 3.06 1.55 Total Foreign 112.85 471.46 40.35 473.61 40.52 112.97 Major Exporters 4/ 36.78 159.30 0.73 133.34 32.42 31.04 India 22.80 105.48 0.00 98.24 12.24 17.80 Pakistan 0.68 6.90 0.03 2.60 3.80 1.21 Thailand 12.00 18.75 0.30 10.50 9.78 10.77 Vietnam 1.30 28.17 0.40 22.00 6.61 1.26 Major Importers 5/ 11.47 64.06 13.59 77.15 1.23 10.74 Brazil 0.64 8.47 0.39 7.93 0.93 0.64 European Union 6/ 1.16 1.96 1.71 3.35 0.27 1.21 Indonesia 5.50 35.56 1.35 38.30 0.00 4.11 Nigeria 0.96 2.84 2.60 5.40 0.00 0.99 Philippines 1.70 11.92 1.80 13.20 0.00 2.21 Sel. Mideast 7/ 1.31 1.98 4.11 6.14 0.00 1.26 Selected Other 0.00 Burma 0.37 12.60 0.01 10.50 1.74 0.75 C. Amer & Carib 8/ 0.47 1.69 1.56 3.25 0.01 0.46 China 53.10 144.56 4.70 144.50 0.43 57.44 Egypt 0.61 4.53 0.03 4.00 0.25 0.92 Japan 3.01 7.85 0.64 8.60 0.07 2.82 Mexico 0.16 0.18 0.71 0.88 0.00 0.17 South Korea 0.90 4.24 0.47 4.20 0.00 1.41 2015/16 Est. Beginning Stocks Productio n ImportsTotal / 2 Domesti c ExportsEndin g Stock s World 3/ 114.52 472.27 37.91 470.32 39.62 116.47 United States 1.55 6.11 0.77 3.53 3.42 1.48 Total Foreign 112.97 466.16 37.15 466.79 36.20 115.00 Major Exporters 4/ 31.04 154.28 0.61 128.08 29.04 28.81 India 17.80 104.32 0.00 93.48 10.24 18.40 Pakistan 1.21 6.70 0.01 2.80 4.20 0.92 Thailand 10.77 15.80 0.30 9.80 9.20 7.87 Vietnam 1.26 27.46 0.30 22.00 5.40 1.62 Major Importers 5/ 10.74 63.25 12.49 76.44 0.95 9.10 Brazil 0.64 7.21 0.80 7.80 0.60 0.25 European Union 6/ 1.21 2.06 1.80 3.50 0.27 1.29 Indonesia 4.11 36.20 1.10 37.90 0.00 3.51 Nigeria 0.99 2.71 2.10 5.20 0.00 0.60 Philippines 2.21 11.35 1.60 13.10 0.00 2.06 Sel. Mideast 7/ 1.26 1.89 3.50 5.80 0.00 0.86 Selected Other 0.00 Burma 0.75 12.20 0.04 10.80 1.10 1.09 C. Amer & Carib 8/ 0.46 1.62 1.91 3.45 0.02 0.52 China 57.44 145.77 4.80 144.00 0.27 63.74 Egypt 0.92 4.00 0.10 3.90 0.20 0.92 Japan 2.82 7.67 0.70 8.50 0.08 2.61 Mexico 0.17 0.15 0.68 0.89 0.00 0.11 South Korea 1.41 4.33 0.34 4.37 0.00 1.70 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to re flect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ Worl d imports and exports may not ba lance due to differences in so me countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Braz il, Indonesia, Hong K ong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Ir aq, and Saudi Arabia. 8/ Centra l American and Caribbean countri es. December 2016 WASDE - 560 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ Nov 116.31 483.80 38.50 478.38 40.99 121.72 Dec 116.47 481.51 38.75 477.77 40.71 120.21 United States Nov 1.48 7.45 0.75 4.22 3.56 1.90 Dec 1.48 7.45 0.75 4.22 3.56 1.90 Total Foreign Nov 114.84 476.34 37.75 474.16 37.44 119.83 Dec 115.00 474.05 38.00 473.55 37.16 118.31 Major Exporters 4/ Nov 28.81 159.80 0.56 132.60 29.50 27.07 Dec 28.81 159.80 0.56 132.60 29.50 27.07 India Nov 18.40 106.50 0.00 97.00 10.00 17.90 Dec 18.40 106.50 0.00 97.00 10.00 17.90 Pakistan Nov 0.92 6.90 0.01 2.80 4.20 0.83 Dec 0.92 6.90 0.01 2.80 4.20 0.83 Thailand Nov 7.87 18.60 0.25 10.60 9.50 6.62 Dec 7.87 18.60 0.25 10.60 9.50 6.62 Vietnam Nov 1.62 27.80 0.30 22.20 5.80 1.72 Dec 1.62 27.80 0.30 22.20 5.80 1.72 Major Importers 5/ Nov 8.99 65.36 12.10 76.80 1.08 8.58 Dec 9.10 64.82 12.30 76.65 1.01 8.57 Brazil Nov 0.25 8.03 0.65 7.90 0.65 0.38 Dec 0.25 8.03 0.65 7.90 0.65 0.38 European Union 6/ Nov 1.29 2.03 1.80 3.55 0.28 1.29 Dec 1.29 2.03 1.80 3.55 0.28 1.29 Indonesia Nov 3.51 36.60 1.25 37.70 0.00 3.66 Dec 3.51 36.60 1.25 37.70 0.00 3.66 Nigeria Nov 0.60 2.70 2.00 5.00 0.00 0.30 Dec 0.60 2.70 2.00 5.00 0.00 0.30 Philippines Nov 1.96 12.00 1.20 13.30 0.00 1.86 Dec 2.06 11.50 1.30 13.10 0.00 1.76 Sel. Mideast 7/ Nov 0.88 2.06 3.65 5.90 0.00 0.69 Dec 0.86 2.02 3.65 5.85 0.00 0.68 Selected Other Burma Nov 1.09 12.50 0.00 10.90 1.50 1.19 Dec 1.09 12.50 0.00 11.00 1.40 1.19 C. Amer & Carib 8/ Nov 0.53 1.70 1.79 3.53 0.02 0.46 Dec 0.52 1.70 1.79 3.53 0.02 0.45 China Nov 63.74 146.50 5.00 144.00 0.30 70.94 Dec 63.74 144.85 5.00 144.00 0.28 69.31 Egypt Nov 0.92 4.55 0.30 4.00 0.30 1.48 Dec 0.92 4.55 0.30 4.00 0.30 1.48 Japan Nov 2.61 7.79 0.70 8.50 0.09 2.52 Dec 2.61 7.79 0.70 8.50 0.09 2.52 Mexico Nov 0.11 0.17 0.75 0.89 0.00 0.14 Dec 0.11 0.17 0.75 0.89 0.00 0.14 South Korea Nov 1.70 4.20 0.41 4.48 0.00 1.82 Dec 1.70 4.20 0.41 4.48 0.00 1.82 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use a nd unreported disappearance. 3/ World impor ts and exports may not balance due to di fferences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indones ia, Hong Kong, Cote d'Ivoire, Nigeria, Phil ippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Ara bia. 8/ Central American and Caribbean countries. December 2016 WASDE - 560 - 26 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2014/15 Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World 103.31 119.19 36.07 111.42 35.31 0.16 111.67 United States 2.35 16.32 0.01 3.58 11.25 0.21 3.65 Total Foreign 100.96 102.87 36.05 107.85 24.07 -0.05 108.02 Major Exporters 4/ 28.43 52.72 1.74 32.33 20.52 -0.23 30.27 Central Asia 5/ 3.76 6.29 3 / 2.38 4.67 0.00 3.00 Afr. Fr. Zone 6/ 1.46 5.09 3 / 0.14 4.21 0.00 2.20 S. Hemis 7/ 11.40 11.02 0.18 4.45 7.08 -0.24 11.30 Australia 1.81 2.30 3 / 0.04 2.40 -0.10 1.77 Brazil 7.67 7.00 0.02 3.40 3.91 -0.15 7.53 India 11.46 29.50 1.23 24.50 4.20 0.00 13.49 Major Importers 8/ 70.69 46.90 32.27 71.16 2.63 0.17 75.90 Mexico 0.58 1.32 0.83 1.85 0.17 0.03 0.69 China 62.71 30.00 8.28 34.00 0.07 0.00 66.92 European Union 9/ 0.38 1.65 0.86 0.87 1.62 0.05 0.35 Turkey 1.36 3.20 3.68 6.40 0.24 0.00 1.60 Pakistan 2.48 10.60 0.95 10.60 0.51 0.03 2.89 Indonesia 0.50 0.01 3.35 3.25 0.01 0.00 0.60 Thailand 0.24 3 / 1.48 1.48 0.00 0.03 0.22 Bangladesh 1.27 0.12 5.75 5.80 0.00 0.01 1.33 Vietnam 0.50 3 / 4.28 4.10 0.00 0.00 0.68 2015/16 Est. Beginning Stocks Productio n ImportsDomestic Use ExportsLoss /2 Ending Stocks World 111.67 96.46 35.22 111.27 35.18 0.09 96.80 United States 3 . 6 5 1 2 . 8 90 . 0 33 . 4 59 . 1 50 . 1 73 . 8 0 Total Foreign 108.02 83.57 35.19 107.82 26.03 -0.08 93.00 Major Exporters 4/ 30.27 46.78 1.77 31.71 22.92 -0.22 24.41 Central Asia 5/ 3.00 5.97 3 / 2.37 4.36 0.00 2.25 Afr. Fr. Zone 6/ 2.20 4.18 3 / 0.14 4.86 0.00 1.37 S. Hemis 7/ 1 1 . 3 09 . 7 20 . 2 54 . 2 17 . 6 9 - 0 . 2 39 . 6 0 Australia 1.77 2.60 3 / 0.04 2.85 -0.10 1.58 Brazil 7.53 5.90 0.09 3.20 4.31 -0.15 6.16 India 13.49 26.40 1.07 24.25 5.76 0.00 10.94 Major Importers 8/ 75.90 33.98 31.11 71.93 2.07 0.14 66.84 Mexico 0.69 0.91 0.98 1.85 0.13 0.03 0.57 China 66.92 22.00 4.41 35.00 0.13 0.00 58.20 European Union 9/ 0.35 1.29 0.81 0.82 1.31 0.05 0.27 Turkey 1.60 2.65 4.22 6.65 0.23 0.00 1.58 Pakistan 2.89 7.00 3.30 10.30 0.25 0.03 2.62 Indonesia 0.60 0.01 2.94 3.00 0.02 0.00 0.53 Thailand 0.22 3 / 1.28 1.25 0.00 0.03 0.22 Bangladesh 1.33 0.12 6.20 6.10 0.00 0.01 1.54 Vietnam 0.68 3 / 4.50 4.40 0.00 0.00 0.78 1/ Marketing year beginning August 1. Tota ls may not add exactly and trade may not ba lance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing ch annel; for Australia, Brazil, China, and the United States, refl ects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, an d Uzbekistan. 6/ Benin, Burkino Faso, Came roon, Central African Republic, Chad, Cote d' Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Pa raguay, South Africa, Tanzania, and Zimbabwe . 8/ In addition to the countries and regi ons listed, includes Hong Kong, Japan, Russia, South Kore a, and Taiwan. 9/ Includes intra-EU trade. December 2016 WASDE - 560 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2016/17 Proj. Beginning StocksProduction Imports Domestic UseExports Loss /2Ending Stocks World Nov 96.91 103.28 35.21 111.99 35.21 -0.11 88.31 Dec 96.80 104.24 35.30 111.91 35.33 -0.05 89.15 United States Nov 3.80 16.16 0.01 3.50 12.00 -0.03 4.50 Dec 3.80 16.52 0.01 3.30 12.20 0.03 4.80 Total Foreign Nov 93.11 87.12 35.20 108.49 23.21 -0.09 83.81 Dec 93.00 87.71 35.29 108.61 23.13 -0.09 84.35 filler filler filler filler filler filler filler Major Exporters 4/ Nov 24.50 49.81 2.59 31.38 20.29 -0.23 25.45 Dec 24.41 50.41 2.59 31.13 20.21 -0.23 26.29 Central Asia 5/ Nov 2.25 5.89 3 / 2.37 3.66 0.00 2.10 Dec 2.25 5.93 3 / 2.37 3.60 0.00 2.21 Afr. Fr. Zone 6/ Nov 1.42 4.88 3 / 0.14 4.71 0.00 1.45 Dec 1.37 4.96 3 / 0.14 4.56 0.00 1.63 S. Hemis 7/ Nov 9.64 11.67 0.26 4.21 7.47 -0.24 10.14 Dec 9.60 12.14 0.26 4.21 7.60 -0.24 10.44 Australia Nov 1.58 4.00 3 / 0.04 3.90 -0.10 1.75 Dec 1.58 4.50 3 / 0.04 4.10 -0.10 2.05 Brazil Nov 6.16 6.50 0.10 3.20 2.90 -0.15 6.81 Dec 6.16 6.50 0.10 3.20 2.90 -0.15 6.81 India Nov 10.94 27.00 1.80 24.00 4.20 0.00 11.54 Dec 10.94 27.00 1.80 23.75 4.20 0.00 11.79 filler filler filler filler filler filler filler Major Importers 8/ Nov 66.86 34.46 30.28 72.87 1.88 0.14 56.72 Dec 66.84 34.46 30.38 73.24 1.88 0.14 56.42 Mexico Nov 0.57 0.65 1.28 1.85 0.10 0.03 0.52 Dec 0.57 0.65 1.28 1.85 0.10 0.03 0.52 China Nov 58.20 21.00 4.50 35.50 0.10 0.00 48.10 Dec 58.20 21.00 4.50 35.75 0.10 0.00 47.85 European Union 9/ Nov 0.27 1.23 0.80 0.81 1.15 0.05 0.29 Dec 0.27 1.23 0.80 0.81 1.15 0.05 0.29 Turkey Nov 1.59 3.20 3.70 6.75 0.28 0.00 1.47 Dec 1.58 3.20 3.70 6.75 0.28 0.00 1.46 Pakistan Nov 2.62 8.25 2.20 10.20 0.25 0.03 2.59 Dec 2.62 8.25 2.20 10.20 0.25 0.03 2.59 Indonesia Nov 0.59 0.01 2.90 2.90 0.01 0.00 0.59 Dec 0.53 0.01 2.90 2.90 0.01 0.00 0.53 Thailand Nov 0.22 3 / 1.23 1.20 0.00 0.03 0.22 Dec 0.22 3 / 1.23 1.20 0.00 0.03 0.22 Bangladesh Nov 1.49 0.12 6.30 6.40 0.00 0.01 1.50 Dec 1.54 0.12 6.30 6.40 0.00 0.01 1.55 Vietnam Nov 0.78 3 / 4.80 4.70 0.00 0.00 0.88 Dec 0.78 3 / 5.00 4.90 0.00 0.00 0.88 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destro yed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan , Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions lis ted, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. December 2016 WASDE - 560 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning StocksProduction Imports Domestic CrushDomestic TotalExports Ending Stocks World 2/ 61.90 319.78 124.36 263.49 301.21 126.22 78.61 United States 2.50 106.88 0.90 50.98 54.96 50.14 5.19 Total Foreign 59.40 212.90 123.46 212.52 246.26 76.08 73.43 Major Exporters 3/ 41.48 170.05 0.32 84.27 91.47 68.79 51.59 Argentina 25.27 61.40 0.00 40.02 44.18 10.57 31.92 Brazil 16.02 97.20 0.31 40.44 43.41 50.61 19.50 Paraguay 0.13 8.15 0.01 3.65 3.69 4.49 0.12 Major Importers 4/ 15.18 15.39 105.98 98.31 117.65 0.29 18.61 China 13.85 12.15 78.35 74.50 87.20 0.14 17.01 European Union 0.62 1.83 13.92 14.00 15.57 0.12 0.69 Japan 0.22 0.23 3.00 2.15 3.24 0.00 0.21 Mexico 0.12 0.35 3.82 4.18 4.21 0.00 0.07 2015/16 Est. Beginnin g Stock s Productio n Import sDomesti c Crus hDomesti c Total Export s Endin g Stock s World 2/ 78.61 313.31 132.99 276.41 315.74 131.95 77.22 United States 5.19 106.86 0.64 51.34 54.63 52.69 5.36 Total Foreign 73.43 206.46 132.35 225.07 261.10 79.27 71.86 Major Exporters 3/ 51.59 164.30 1.10 86.98 94.84 71.43 50.71 Argentina 31.92 56.80 0.68 43.23 47.52 9.92 31.95 Brazil 19.50 96.50 0.41 39.90 43.40 54.38 18.63 Paraguay 0.12 9.00 0.01 3.70 3.74 5.30 0.08 Major Importers 4/ 18.61 15.41 112.80 107.18 127.80 0.32 18.70 China 17.01 11.79 83.23 81.30 95.00 0.11 16.91 European Union 0.69 2.26 14.73 15.00 16.58 0.14 0.95 Japan 0.21 0.24 3.19 2.28 3.43 0.00 0.21 Mexico 0.07 0.33 4.13 4.40 4.45 0.00 0.08 2016/17 Proj. Beginnin g Stock s Productio n Import s Domesti c Crus hDomesti c TotalExport s Endin g Stock s World 2/ Nov 77.07 336.09 136.21 288.17 328.69 139.16 81.53 Dec 77.22 338.00 136.96 289.44 330.09 139.25 82.85 United States Nov 5.36 118.69 0.82 52.53 56.00 55.79 13.08 Dec 5.36 118.69 0.82 52.53 56.00 55.79 13.08 Total Foreign Nov 71.71 217.40 135.40 235.65 272.69 83.37 68.45 Dec 71.86 219.32 136.15 236.92 274.09 83.46 69.77 Major Exporters 3/ Nov 50.61 171.17 0.66 88.80 96.95 75.70 49.79 Dec 50.71 171.17 0.66 88.30 96.45 75.45 50.64 Argentina Nov 31.85 57.00 0.30 44.30 48.75 9.25 31.15 Dec 31.95 57.00 0.30 43.80 48.25 9.00 32.00 Brazil Nov 18.63 102.00 0.35 40.50 44.10 58.40 18.48 Dec 18.63 102.00 0.35 40.50 44.10 58.40 18.48 Paraguay Nov 0.08 9.17 0.01 3.80 3.85 5.30 0.11 Dec 0.08 9.17 0.01 3.80 3.85 5.30 0.11 Major Importers 4/ Nov 18.79 16.41 114.09 111.39 132.84 0.33 16.12 Dec 18.70 16.37 114.94 112.33 133.73 0.33 15.96 China Nov 16.91 12.50 86.00 86.50 100.80 0.15 14.46 Dec 16.91 12.50 86.00 86.50 100.80 0.15 14.46 European Union Nov 1.02 2.42 13.00 13.80 15.39 0.15 0.89 Dec 0.95 2.42 13.80 14.70 16.29 0.15 0.72 Japan Nov 0.21 0.24 3.10 2.20 3.36 0.00 0.19 Dec 0.21 0.24 3.10 2.20 3.36 0.00 0.19 Mexico Nov 0.08 0.43 4.30 4.65 4.70 0.00 0.11 Dec 0.08 0.43 4.30 4.65 4.70 0.00 0.11 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October-September year. 2/ World i mports and exports may not balance due to differences in local marke ting years and to time lags betw een reported exports and imports. Therefore, world supply may not equal world us e. 3/ Argentina, Br azil, Paraguay, and Uruguay. 4/ China, European Union, Japan , Mexico, and Southeast Asia (inc ludes Indonesia, Malaysia, Philip pines, Vietnam, and Thailand). December 2016 WASDE - 560 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 10.63 207.53 60.78 201.89 64.01 13.03 United States 0.23 40.88 0.30 29.28 11.89 0.24 Total Foreign 10.40 166.65 60.47 172.61 52.12 12.80 Major Exporters 3/ 7.15 67.59 0.03 22.50 44.04 8.22 Argentina 4.07 30.93 0.00 2.40 28.58 4.03 Brazil 2.48 31.30 0.02 15.70 14.39 3.71 India 0.59 5.36 0.01 4.40 1.07 0.49 Major Importers 4/ 1.44 15.36 36.31 50.40 0.70 2.01 European Union 0.25 11.06 19.53 29.79 0.36 0.69 Southeast Asia 5/ 1.10 2.67 15.08 17.25 0.34 1.26 2015/16 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 13.03 216.79 61.37 213.82 65.98 11.39 United States 0.24 40.53 0.37 30.04 10.85 0.24 Total Foreign 12.80 176.27 61.00 183.79 55.13 11.15 Major Exporters 3/ 8.22 68.53 0.07 23.16 46.13 7.53 Argentina 4.03 33.17 0.00 2.64 30.33 4.23 Brazil 3.71 30.88 0.03 16.20 15.41 3.01 India 0.49 4.48 0.04 4.32 0.40 0.30 Major Importers 4/ 2.01 16.81 36.06 52.97 0.68 1.23 European Union 0.69 11.85 18.97 30.89 0.30 0.31 Southeast Asia 5/ 1.26 3.24 15.37 18.62 0.38 0.87 2016/17 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Nov 10.99 226.48 65.81 225.20 68.82 9.26 Dec 11.39 227.30 64.82 224.54 68.19 10.77 United States Nov 0.24 41.56 0.30 30.94 10.89 0.27 Dec 0.24 41.38 0.30 30.94 10.71 0.27 Total Foreign Nov 10.75 184.93 65.51 194.26 57.94 8.98 Dec 11.15 185.92 64.52 193.61 57.49 10.50 Major Exporters 3/ Nov 7.37 71.78 0.02 24.50 49.10 5.58 Dec 7.53 72.08 0.02 24.18 48.60 6.86 Argentina Nov 4.23 34.35 0.00 2.78 32.70 3.10 Dec 4.23 33.93 0.00 2.78 31.60 3.78 Brazil Nov 3.01 31.35 0.02 16.75 15.50 2.13 Dec 3.01 31.35 0.02 16.75 15.20 2.43 India Nov 0.14 6.08 0.00 4.97 0.90 0.35 Dec 0.30 6.80 0.00 4.65 1.80 0.65 Major Importers 4/ Nov 0.94 15.82 40.20 55.05 0.73 1.18 Dec 1.23 16.57 39.33 54.95 0.74 1.43 European Union Nov 0.15 10.90 20.95 31.44 0.35 0.21 Dec 0.31 11.61 20.25 31.49 0.35 0.33 Southeast Asia 5/ Nov 0.74 3.25 17.45 20.19 0.38 0.88 Dec 0.87 3.29 17.28 20.04 0.39 1.01 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketi ng years and to time lags be tween reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Br azil, and India. 4/ European Union, Southeast Asia, and Japa n. 5/ Indonesia, Malaysia, Philippine s, Vietnam, and Thailand. December 2016 WASDE - 560 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 3.71 49.14 10.02 48.02 11.09 3.76 United States 0.53 9.71 0.12 8.60 0.91 0.84 Total Foreign 3.19 39.43 9.90 39.42 10.18 2.92 Major Exporters 3/ 1.00 18.11 0.29 10.81 7.61 0.97 Argentina 0.24 7.69 0.02 2.50 5.09 0.35 Brazil 0.39 7.76 0.01 6.27 1.51 0.38 European Union 0.38 2.66 0.25 2.04 1.01 0.24 Major Importers 4/ 1.36 15.02 5.24 20.31 0.18 1.14 China 0.97 13.35 0.77 14.20 0.11 0.78 India 0.25 1.21 2.80 4.06 0.00 0.20 North Africa 5/ 0.15 0.47 1.67 2.05 0.07 0.17 2015/16 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 3.76 51.79 11.77 51.73 11.79 3.81 United States 0.84 9.96 0.13 9.15 1.02 0.77 Total Foreign 2.92 41.84 11.64 42.58 10.78 3.04 Major Exporters 3/ 0.97 18.94 0.39 11.20 8.16 0.95 Argentina 0.35 8.43 0.00 2.76 5.70 0.33 Brazil 0.38 7.66 0.07 6.27 1.55 0.29 European Union 0.24 2.85 0.33 2.17 0.92 0.33 Major Importers 4/ 1.14 15.90 6.94 22.62 0.16 1.21 China 0.78 14.57 0.59 15.25 0.10 0.59 India 0.20 1.00 4.36 5.10 0.00 0.45 North Africa 5/ 0.17 0.34 2.00 2.27 0.06 0.17 2016/17 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Nov 3.85 53.65 11.39 53.61 11.73 3.56 Dec 3.81 53.95 11.27 53.98 11.61 3.43 United States Nov 0 . 7 8 1 0 . 1 10 . 1 19 . 2 80 . 9 80 . 7 5 Dec 0 . 7 7 1 0 . 1 10 . 1 39 . 3 20 . 9 80 . 7 0 Total Foreign Nov 3.08 43.54 11.28 44.33 10.76 2.81 Dec 3.04 43.84 11.14 44.66 10.63 2.73 Major Exporters 3/ Nov 1.05 18.81 0.29 11.17 8.06 0.92 Dec 0.95 18.96 0.29 11.46 7.90 0.84 Argentina Nov 0.33 8.44 0.00 2.82 5.61 0.34 Dec 0.33 8.42 0.00 2.87 5.55 0.33 Brazil Nov 0.29 7.75 0.04 6.32 1.50 0.26 Dec 0.29 7.75 0.04 6.42 1.40 0.26 European Union Nov 0.43 2.62 0.25 2.03 0.95 0.32 Dec 0.33 2.79 0.25 2.17 0.95 0.25 Major Importers 4/ Nov 1.13 17.41 6.46 23.74 0.19 1.07 Dec 1.21 17.57 6.31 23.79 0.19 1.10 China Nov 0.59 15.50 0.82 16.20 0.11 0.60 Dec 0.59 15.50 0.82 16.20 0.11 0.60 India Nov 0.42 1.35 4.00 5.40 0.00 0.37 Dec 0.45 1.51 3.80 5.40 0.00 0.37 North Africa 5/ Nov 0.13 0.55 1.64 2.14 0.08 0.11 Dec 0.17 0.55 1.69 2.19 0.08 0.14 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketi ng years and to time lags be tween reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Brazil an d European Union. 4/ Chin a, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. December 2016 WASDE - 560 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef PorkRed Mea t 2/Broile r Turkey Total Poultry 3 /Red Meat & PoultryEgg Milk Million Pounds Mil doz Bil lbs 2015 IV 6,109 6,457 12,625 9,937 1,458 11,526 24,150 1,979 51.3 Annual 23,698 24,501 48,432 40,048 5, 627 46,198 94,630 7,975 208.6 2016 I 5,935 6,230 12,222 10,039 1,435 11,609 23,830 2,039 53.0 II 6,187 5,962 12,206 10,253 1,520 11,911 24,117 2,077 54.4 III 6,468 6,099 12,621 10,333 1,515 11,989 24,610 2,112 52.6 IV* 6,550 6,625 13,229 10,075 1,525 11,730 24,959 2,170 52.5 Annual Nov Proj. 25,055 24,946 50,224 40,725 6, 020 47,289 97,513 8,373 212.5 Dec Proj. 25,140 24,916 50,278 40,700 5, 995 47,239 97,517 8,398 212.4 2017 I* 6,165 6,440 12,662 10,150 1,445 11,725 24,387 2,125 53.7 II* 6,290 6,150 12,499 10,450 1,525 12,118 24,617 2,120 55.5 III* 6,750 6,385 13,191 10,600 1,550 12,292 25,483 2,130 53.8 Annual Nov Proj. 26,160 25,800 52,190 41,550 6,135 48,240 100,430 8,540 217.0 Dec Proj. 25,940 25,800 51,970 41,550 6,120 48,225 100,195 8,550 216.8 * Projection. 1/ Commercial production for re d meats; federally inspected for poultry me ats. 2/ Beef, pork, veal and lamb & mut ton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/Barrows and gilts 3/Broilers 4/Turkeys 5/Eggs 6/Milk 7/ Dol./cw t Dol./cw t Cents/lb. Cents/lb. Cents/doz. Dol./cw t 2015 IV 127.71 44.66 77.2 130.1 174.1 17.73 Annual 148.12 50.23 90.5 116.2 181.8 17.12 2016 I 134.81 44.63 84.6 114.7 121.5 15.70 II 127.68 53.71 93.0 116.5 67.9 14.77 III 113.26 49.26 81.7 120.7 71.6 16.83 IV* 105-108 35-36 77-78 117-120 73-74 17.05-17.25 Annual Nov Proj. 119.94 45.65 83.1 118.0 84.0 16.00-16.10 Dec Proj. 120.56 45.78 84.2 117.6 83.6 16.05-16.15 2017 I* 104-110 36-38 78-82 104-110 68-72 17.25-17.75 II* 103-111 39-43 81-87 104-112 86-94 16.40-17.20 III* 102-110 43-47 81-87 108-118 93-101 16.70-17.70 Annual Nov Proj. 102-110 38-42 77-84 111-120 88-95 16.30-17.20 Dec Proj. 103-111 39-41 80-85 107-115 88-95 16.85-17.65 *Projection. 1/ Simple average of months. 2/ 5-Area, Direct, To tal all grades 3/ National Base, Live equiv 51-52% lean. 4/ Whol esale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, Ne w York, volume buyers. 7/ Prices received by farmers for all milk. December 2016 WASDE - 560 - 32 U.S. Meats Supply and Use Item Beginning stocksProduction 1/ ImportsTotal Supply ExportsEnding Stocks Total UsePer Capita 2/ 3/ Million Pounds /4 Beef 2015 591 23,760 3,371 27,721 2,265 683 24,773 53.9 2016 Proj. Nov 683 25,119 3,011 28,813 2,459 700 25,654 55.4 Dec 683 25,204 3,021 28,908 2,484 700 25,724 55.6 2017 Proj. Nov 700 26,224 2,680 29,604 2,630 600 26,374 56.6 Dec 700 26,004 2,680 29,384 2,630 600 26,154 56.1 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2015 559 24,517 1,116 26,191 5,009 590 20,593 49.7 2016 Proj. Nov 590 24,962 1,106 26,657 5,179 625 20,853 49.9 Dec 590 24,932 1,096 26,617 5,179 615 20,823 49.9 2017 Proj. Nov 625 25,816 1,095 27,536 5,440 635 21,461 51.0 Dec 615 25,816 1,085 27,516 5,440 635 21,441 51.0 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2015 1,190 48,520 4,700 54,410 7,279 1,320 45,810 104.8 2016 Proj. Nov 1,320 50,314 4,333 55,967 7,644 1,369 46,955 106.6 Dec 1,320 50,368 4,331 56,019 7,669 1,356 46,995 106.6 2017 Proj. Nov 1,369 52,280 3,963 57,612 8,078 1,279 48,255 108.7 Dec 1,356 52,060 3,953 57,369 8,078 1,276 48,015 108.2 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2015 680 39,620 131 40,431 6,321 832 33,277 88.9 2016 Proj. Nov 832 40,289 127 41,248 6,666 760 33,822 89.6 Dec 832 40,265 127 41,223 6,666 780 33,777 89.5 2017 Proj. Nov 760 41,105 132 41,997 6,925 715 34,357 90.4 Dec 780 41,105 132 42,017 6,925 715 34,377 90.5 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2015 193 5,627 45 5,866 529 201 5,136 16.0 2016 Proj. Nov 201 6,020 49 6,270 575 240 5,455 16.8 Dec 201 5,995 49 6,245 575 225 5,445 16.8 2017 Proj. Nov 240 6,135 40 6,415 630 250 5,535 17.0 Dec 225 6,120 40 6,385 630 250 5,505 16.9 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2015 877 45,769 177 46,823 6,995 1,041 38,787 106.0 2016 Proj. Nov 1,041 46,852 178 48,071 7,388 1,009 39,674 107.7 Dec 1,041 46,803 178 48,021 7,388 1,014 39,619 107.5 2017 Proj. Nov 1,009 47,795 174 48,978 7,695 974 40,309 108.7 Dec 1,014 47,780 174 48,968 7,695 974 40,299 108.6 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2015 2,066 94,289 4,877 101,232 14,273 2,361 84,598 210.8 2016 Proj. Nov 2,361 97,166 4,510 104,038 15,032 2,378 86,629 214.3 Dec 2,361 97,171 4,508 104,040 15,057 2,370 86,614 214.2 2017 Proj. Nov 2,378 100,075 4,137 106,590 15,773 2,253 88,564 217.4 Dec 2,370 99,840 4,127 106,337 15,773 2,250 88,314 216.8 1/ Total including farm production for red meats and, for pou ltry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis for red meat an d broilers; certified ready-to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. December 2016 WASDE - 560 - 33 U.S. Egg Supply and Use Commodity 2014 2015 2016 Proj. 2016 Proj. 2017 Proj. 2017 Proj. Nov Dec Nov Dec Eggs Million Dozen Supply Beginning Stocks 23.0 23.3 31.1 31.1 27.0 27.0 Production 8,431.0 7,974.7 8,373.3 8,398.1 8,540.0 8,550.0 Imports 34.7 123.5 102.1 102.1 60.0 60.0 Total Supply 8,488.7 8,121.5 8,506.5 8,531.3 8,627.0 8,637.0 Use Exports 378.5 313.6 275.4 275.4 295.0 295.0 Hatching Use 980.6 995.6 1,007.3 1,007.3 1,040.0 1,040.0 Ending Stocks 23.3 31.1 27.0 27.0 27.0 27.0 Disappearance Total 7,106.2 6,781.2 7,196.8 7,221.6 7,265.0 7,275.0 Per Capita (number) 267.1 252.9 266.5 267.4 267.1 267.5 Total U.S. Milk Supply and Use Commodity 2014 2015 2016 Proj. 2016 Proj. 2017 Proj. 2017 Proj. Nov Dec Nov Dec Milk Billion Pounds Production 206.1 208.6 212.5 212.4 217.0 216.8 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 11.2 11.2 13.3 13.3 13.4 14.0 Marketings 205.1 207.7 211.5 211.5 216.0 215.9 Imports 4.3 5.7 7.2 7.0 7.1 7.0 Total Cml. Supply 220.6 224.6 232.0 231.8 236.4 236.8 Fat Basis Use Commercial Exports 12.4 8.8 8.7 8.8 8.9 8.4 Ending Commercial Stocks 11.2 13.3 13.4 14.0 12.8 13.7 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 196.9 202.5 209.9 209.0 214.7 214.8 Skim-solid Basis Supply Beg. Commercial Stocks 11.7 13.1 13.9 13.9 13.5 13.8 Marketings 205.1 207.7 211.5 211.5 216.0 215.9 Imports 5.6 6.0 6.6 6.4 6.4 6.2 Total Cml. Supply 222.4 226.7 231.9 231.7 235.8 235.8 Skim-solid Basis Use Commercial Exports 39.0 37.3 38.4 38.7 39.7 40.1 Ending Commercial Stocks 13.1 13.9 13.5 13.8 13.2 13.2 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 170.3 175.5 180.0 179.2 182.9 182.5 Total Note: Totals may not add due to rounding. December 2016 WASDE - 560 - 34 U.S. Dairy Prices Commodity 2014 2015 2016 Proj. 2016 Proj. 2017 Proj. 2017 Proj. Nov Dec Nov Dec Product Prices 1/ Dollars Pe r Pound Cheese 2.1551 1.6454 1.590- 1.6001.595- 1.6051.610- 1.700 1.650- 1.730 Butter 2.1361 2.0670 2.035- 2.0652.060- 2.0901.810- 1.930 1.920- 2.030 Nonfat Dry Milk 1.7682 0.9016 0.820- 0.8400.820- 0.8400.930- 1.000 0.950- 1.010 Dry Whey 0.6538 0.3804 0.280- 0.2900.280- 0.2900.360- 0.390 0.380- 0.410 Filler Dollars Pe r Cwt Milk Prices 2/ Class III 22.34 15.80 14.70- 14.8014.75- 14.8515.30- 16.20 15.85- 16.65 Class IV 22.09 14.35 13.55- 13.7513.65- 13.8513.55- 14.55 14.20- 15.10 All Milk 3/ 23.97 17.12 16.00- 16.1016.05- 16.1516.30- 17.20 16.85- 17.65 1/ Simple average of monthly prices calculated by AMS from weekly averag e dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test . 3/ Does not reflect any deductions from producers as authori zed by legislation. December 2016 WASDE - 560 - 35 Reliability of December Projections 1/ Note: Tables on pages 35-37 present a record of the December projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0 .8 percent. Chances are 9 out of 10 (90% confidence level) that th e difference will not exceed 1.4 per cent. The aver age difference betw een the Dece mber projection and t he final estimate is 3.9 million tons, ranging from 0.4 million to 10.2 million tons. The December proj ection has been below the estimate 26 times and above 9 times. Differences between forecast and final estimate 90 percen t Years Commodity and Region Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final WHEAT Percen t Million Metric Tons Production Worl d 0.8 1.4 3.9 0.4 10.2 26 9 U.S. 0.4 0.7 0.2 0.0 1.2 17 12 Forei gn 0.9 1.6 3.9 0.3 10.3 26 9 Exports Worl d 5.4 9.1 5.5 0.1 18.3 29 6 U.S. 5.7 9.7 1.5 0.2 3.9 19 16 Forei gn 6.6 11.3 5.5 0.5 17.9 31 4 Domestic Use Worl d 1.3 2.2 5.7 0.2 16.7 20 15 U.S. 5.8 9.8 1.5 0.1 3.6 10 25 Forei gn 1.3 2.2 5.6 0.1 16.1 23 12 Endin g Stocks Worl d 5.7 9.7 6.9 0.9 19.4 25 10 U.S. 10.7 18.2 1.7 0.1 7.0 23 12 Forei gn 5.8 9.9 5.7 0.4 19.3 24 11 COARSE GRAINS 2/ Production Worl d 1.4 2.3 10.9 0.0 24.2 25 10 U.S. 1.3 2.3 2.4 0.0 7.5 18 17 Forei gn 1.9 3.3 11.0 0.3 26.5 24 11 Exports Worl d 6.8 11.6 6.3 0.1 33.3 26 9 U.S. 15.6 26.5 5.4 0.1 12.8 15 20 Forei gn 12.0 20.3 6.3 0.0 27.1 23 11 Domestic Use Worl d 1.2 2.0 8.9 0.3 22.8 20 15 U.S. 3.7 6.2 5.1 0.1 17.9 17 18 Forei gn 1.4 2.3 8.2 0.3 22.7 22 13 Endin g Stocks Worl d 9.9 16.8 12.4 1.0 30.3 28 7 U.S. 19.6 33.2 7.5 0.7 23.9 19 16 Forei gn 13.1 22.2 10.6 0.1 31.8 28 7 RICE , milled Production Worl d 2.0 3.4 5.5 0.0 16.2 28 7 U.S. 2.9 4.9 0.1 0.0 0.5 18 13 Forei gn 2.0 3.4 5.6 0.1 16.2 29 6 Exports Worl d 9.3 15.9 1.6 0.1 6.1 27 8 U.S. 7.7 13.0 0.2 0.0 0.6 18 15 Forei gn 10.6 17.9 1.6 0.0 6.0 25 10 Domestic Use Worl d 1.6 2.7 3.9 0.0 15.9 24 11 U.S. 7.7 13.1 0.2 0.0 0.6 17 18 Forei gn 1.6 2.8 3.8 0.0 16.1 24 11 Endin g Stocks Worl d 10.7 18.2 4.9 0.1 27.9 28 7 U.S. 21.5 36.6 0.2 0.0 0.8 20 15 Forei gn 11.0 18.7 4.9 0.2 27.7 28 7 1/ Footnotes at end of table. CONTINUED December 2016 WASDE - 560 - 36 Reliability of December Projections (Continued) 1/ Differences between forecast and final estimate 90 percen t Years Commodity and Region Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final SOYBEANS Percent Million Metric Tons Production World 3.8 6.5 5.1 0.1 23.8 20 15 U.S. 2.0 3.4 1.1 0.1 2.7 15 20 Foreign 6.4 10.8 5.2 0.1 25.1 17 18 Exports World 7.0 11.9 3.0 0.1 13.1 21 14 U.S. 9.3 15.8 2.1 0.1 6.4 21 14 Foreign 18.1 30.7 2.7 0.0 11.4 17 18 Domestic Use World 2.8 4.8 3.9 0.2 13.2 20 15 U.S. 3.6 6.0 1.3 0.0 3.6 23 12 Foreign 3.4 5.8 3.5 0.2 11.9 20 15 Ending Stocks World 15.9 26.9 4.2 0.1 18.5 20 15 U.S. 45.0 76.3 2.1 0.2 7.3 10 25 Foreign 17.3 29.4 3.6 0.1 12.9 21 14 COTTON Million 480-Pound Bales Production World 3.2 5.5 2.4 0.0 7.2 19 15 U.S. 2.0 3.3 0.2 0.0 0.8 17 17 Foreign 3.8 6.5 2.3 0.0 7.1 18 16 Exports World 7.2 12.2 1.9 0.1 9.0 21 14 U.S. 13.9 23.6 0.9 0.0 3.0 22 13 Foreign 9.3 15.8 1.4 0.0 8.3 19 15 Domestic Use World 2.8 4.8 2.1 0.1 8.2 17 18 U.S. 6.2 10.5 0.3 0.0 1.0 19 15 Foreign 2.9 4.9 2.0 0.1 7.9 19 16 Ending Stocks World 11.4 19.3 4.3 0.5 12.0 21 14 U.S. 25.5 43.4 1.0 0.1 3.2 10 25 Foreign 12.1 20.5 4.0 0.1 12.1 24 11 1/ Marketing years 1981/82 through 2015/16 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2015/16. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. December 2016 WASDE - 560 - 37 Reliability of United States December Projections 1/ Differences between forecast and final estimate 90 percen t Years Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final CORN Percent Million Bushels Production 1.3 2.3 88 0 250 18 16 Exports 16.2 27.5 190 9 467 15 20 Domestic Use 3.9 6.6 191 14 574 21 14 Ending Stocks 22.4 38.1 292 16 986 19 16 SORGHUM Production 4 . 3 7 . 21 5 15 31 71 8 Exports 17.5 29.8 29 0 123 24 10 Domestic Use 18.9 32.1 36 0 127 14 20 Ending Stocks 46.4 78.8 26 2 104 13 22 BARLEY Production 1.5 2.6 4 0 24 14 10 Exports 26.3 44.6 9 0 37 13 20 Domestic Use 6.6 11.2 16 0 70 13 21 Ending Stocks 12.4 21.0 13 0 39 24 9 OATS Production 1 . 1 1 . 920 1 879 Exports 7 4 . 8 1 2 6 . 91078 1 0 Domestic Use 4 . 8 8 . 21 2 13 91 52 0 Ending Stocks 20.6 35.0 14 1 52 22 13 SOYBEAN MEAL Thousand Short Tons Production 3.5 5.9 1,006 152 2,578 22 13 Exports 11.3 19.1 703 100 2,850 21 14 Domestic Use 3.3 5.6 703 50 2,293 18 17 Ending Stocks 34.3 58.3 58 0 214 14 19 SOYBEAN OIL Million Pounds Production 3.5 5.9 452 43 1,530 24 11 Exports 27.2 46.2 315 0 1,325 18 15 Domestic Use 3.8 6.4 442 25 1,761 22 13 Ending Stocks 22.1 37.4 302 1 1,051 21 14 ANIMAL PROD. 3/ Million Pounds Beef 3.6 6.2 731 9 2,311 25 9 Pork 3.4 5.7 436 20 1,592 21 13 Broilers 1.8 3.1 402 1 1,346 21 13 Turkeys 3.0 5.1 121 2 407 21 13 Million Dozen Eggs 1.9 3.3 101 3 515 23 11 Billion Pounds Milk 1.6 2.7 1.8 0.0 6.1 18 13 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2015/16 for grains, soybeans, and cotton. Final for grains, so ybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2015/16. Calendar years 1982 through 2015 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982-2015. WASDE-560-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oc e/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Produc tion, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 19 0 countries and regions at http://www.fas.usda.gov/psd/online . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric-Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 Register: www.usda.gov/oce/forum WASDE Notification System Subscribers are notified through GovDelivery when the monthly World Agricultural Supply and Demand Estimates (WASDE ) report is available. Previous WASDE reports are available at http://usda.mannlib.cornell.edu/MannUsd a/viewDocumentInfo.do?documentID=1194 For questions contact: Susan Carter at 202-720-5447 or [email protected] World Agricultural Suppl y and Demand Estimates WASDE-560 – December 9, 2016 WASDE Briefing Slides: The briefing slides wh ich accompany today’s WASDE report will be available at http://www.usda.gov/oce /commodity/wasde/ Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e-mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu . Select the “Reports by E-Mail” bar to sign up. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) 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January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 645 Approved by the World Agricultural Outlook Board February 8, 2024 WHEAT: The outlook for 2023/24 U.S. wheat is for stable supplies, lower domestic use, unchanged exports, and higher ending stocks. Food use is reduced 10 million bushels to 960 million, on lower wheat flour grind as indicated in the NASS Flour Milling Products report released on February 1. The reduction is the result of the October -December quarter, which was the lowest flour grind on record for this quarter as reported in Flour Milling Products . Wheat exports are unchanged at 725 million bushels with offsetting by- class changes for Hard Red Spring and Hard Red Winter. Projected ending stocks are raised 10 million bushels to 658 million. The 2023/24 season- average farm price forecast is unchanged at $7.20 per bushel. The global wheat outlook for 2023/24 is for increased supplies, consumption, and trade but lower ending stocks. Supplies are raised 0.5 million tons to 1,057.0 million, primarily on higher production for Iraq and Argentina. Global consumption is raised 1.1 million tons to 797.5 million, mainly on larger Food, Seed, and Industrial (FSI) use in India, where the government is continuing to sell reserves to address price inflation. World trade is raised 1.2 million tons to 210.7 million with higher exports by U kraine, Argentina, Australia, and Turkey that more than offset reduced exports from the United Kingdom and Brazil. Projected 2023/24 ending stocks are lowered 0.7 million tons to 259.4 million, the lowest level since 2015/16, on decreases for India, China, and Ukraine. COARSE GRAINS: This month’s 2023/24 U.S. corn outlook is for lower food, seed, and industrial use and larger ending stocks. Corn used for glucose and dextrose is reduced 10 million bushels based on indicated usage to date. With no other use changes, U.S. corn ending stocks are up 10 million bushels from last month. The season- average corn price received by producers is unchanged at $4.80 per bushel. Global coarse grain production for 2023/24 is forecast 3.8 million tons lower to 1,510.1 million. This month’s foreign coarse grain outlook is for reduced production, virtually unchanged consumption, and lower ending stocks relative to last month. Foreign corn production is down, with reductions for Brazil, Mexico, and Serbia partially offset by increases for India and Turkey. For Brazil, production is cut based on lower expected area. Major global trade changes for 2023/24 include higher projected corn exports for Ukraine and Pakistan with reductions for Brazil, India, and Serbia. For 2022/23, Argentina’s exports for the marketing year beginning in March 2023 are raised based on observe d shipments to date, while Brazil is lowered. Corn imports for 2023/24 are cut for Bangladesh and the EU. Barley exports are raised for Australia and Ukraine but lowered for Canada. Foreign corn ending stocks are down relative to last month, reflecting WASDE- 645-2 reductions for Ukraine, Brazil, India, the EU, Mexico, and Paraguay. Global corn ending stocks, at 322.1 million tons, are down 3.2 million. RICE : The outlook for 2023/24 U.S. rice this month is for slightly higher supplies, unchanged domestic use, higher exports, and lower ending stocks. Total supplies are increased, all on higher imports. All rice imports are raised 1.0 million cwt to a record 43.0 million with all of the increase in long- grain on the strong pace of Thai jasmine rice imports to date. All rice exports are raised 2.0 million cwt to 87.0 million with all of the increase in long- grain on an improved pace of sales and shipments to Western Hemisphere countries. Projected ending stocks are reduced 1.0 million cwt to 42.5 million but are still 40 percent higher than last year. The season- average price for all rice is unchanged at $18.40 per cwt. The 2023/24 global outlook this month is for higher supplies and consumption, modestly higher trade, and nearly unchanged ending stocks. Supplies are raised 0.7 million tons to 690.1 million, largely on higher beginning stocks for Indonesia and Vietnam. Supplies also are higher on increased production for Sri Lanka as the country recovers from two years of lower output. World 2023/24 consumption is raised 0.8 million tons to a record 522.9 million, led by increases for Indonesia, Saudi Arabia, and the Philippines. Global 2023/24 trade is raised 0.1 million tons to 51.6 million on higher exports for Pakistan and the United States. Projected world ending stocks are fractionally lowered 0.1 million tons to 167.2 million on several largely offsetting changes, most notably a reduction in China and an increase for Indonesia. OILSEEDS: This month’s 2023/24 U.S. soybean outlook is for lower soybean exports and higher ending stocks. Soybean exports are forecast at 1.72 billion bushels, down 35 million from last month, reflecting the slow pace of shipments through January and strong competi tion with Brazil. With crush unchanged, ending stocks are forecast at 315 million bushels, up 35 million. The U.S. season- average soybean price for 202 3/24 is forecast at $12.65 per bushel, down $0.10 from last month. The soybean meal price is forecast unchanged at $380 per short ton. The soybean oil price is forecast at 51 cents per pound, down 3 cents. Global 2023/24 soybean supply and demand forecasts include higher beginning stocks, lower production, lower exports, and higher ending stocks compared to last month. Beginning stocks are raised 1.7 million tons mainly on a higher 2022/23 crop for Brazil. Brazil’s 2022/23 production is raised 2.0 million tons to 162.0 million on a higher area and yield, and reflects nearly finalized crush and export data through the end of the crop year. Brazil’s 2023/24 crop is reduced 1.0 million tons to 156.0 million as higher harvested area is offset by a lower yield on adverse weather conditions in southern Mato Grosso and Parana. Global soybean exports for 2023/24 are reduced 0.4 million tons to 170.6 million on lower shipments for the United States. Partly offsetting are higher exports for Brazil on a strong year-to-date (October -January) pace. Imports are reduced for Vietnam. Global soybean ending stocks are increased 1.4 million tons to 116.0 million on higher stocks for the United States and Brazil. WASDE- 645-3 SUGAR: Mexico production for 2023/24 is projected at 4.875 million metric tons (MT), a decrease of 141,000 from last month and also 349,248 lower than last year. The sugarcane harvest in Mexico continues to lag at levels unprecedented in recent times. All relevan t production parameters (yields and recovery) through Febr uary 2 are several standard deviations below 10 -year averages with no improvement being seen as time advances. Late unseasonal rainfall has been present in all regions except the drought - plagued Northeast slowing the pace of the campaign. Interim analysis based on the latest CONADESUCA data implies a full -season national sugarcane yield of 62.6 metric tons (MT)/hectare and an extremely low sucrose recovery of 10.03 percent. Applying these rates to ar ea harvested estimated by CONADESUCA at 776,408 hectares produces the current WASDE projection. The production of low polarity sugar for export to the United States is projected at 10.5 percent of total production (the same rate estimated by CONADESUCA). Assuming that all of this sugar is exported to the U.S. market and like last year constitutes 75 percent of the total exported, exports to the United States are projected at 683,752 MT. Exports to other countries are unchanged at 25,000 MT and total exports at 708,752 MT are down 105,328 from last month. Deliveries and ending stocks are unchanged and imports are residually projected at 546,538 MT, up 35,672 over last month. U.S. sugar supply for 2023/24 is decreased by 23,392 short tons, raw value (STRV) on lower beet sugar production only partially offset by increases in cane sugar production and imports. Adoption of beet sugar processors’ estimates of beet pile shrink published in the February Sweetener Market Data (SMD) reduces production by 79,297 STRV to 5.327 million. Louisiana cane sugar production for the fiscal year is increased 31,500 to 1.935 million on industry reporting and Florida cane sugar production is increased 7,943 STRV on processors’ reporting in the SMD. Imports are increased by 16,462 STRV on a 140,000 STRV increase in high- tier tariff imports more than offsetting the decline in imports from Mexico. High- tier tariff imports are increased on the pace- to-date. Based on both U.S. Census and Customs and Border Protection (CBP) data, USDA estimates high duty raw sugar imports entered as of February 5 at 232,566 STRV raising the full year projection to 475,000. High- tier tariff refined imports are increased to 240,000 STRV based on a monthly larger pace for October through January than originally projected. Deliveries for human consumption are reduced by 75,000 STRV to 12.450 million on the pace to date. With the change in use greater than the reduction in supply, ending stocks increase by 51,608 STRV to 1.805 million for a stocks -to-use ratio of 14.2 percent , up from 13.7 percent last month. LIVESTOCK, POULTRY, AND DAIRY : Red meat, poultry, and egg supply and use estimates for 2023 are adjusted to reflect December production, ending stock, and trade data. For 2024, the beef production forecast is raised from last month. Slaughter is lowered for the first half, reflecting a slower pace of cattle slaughter. For the second half, steer and heifer slaughter is raised as USDA’s January Cattle report implied a smaller decline in cattle outside feedlots than previously expected and to the extent these cattle are placed on feed in the first half, they will likely be marketed and slaughtered in the second half. WASDE- 645-4 Carcass weights for the second half are also raised. Pork production is lowered on a slower pace of slaughter. Broiler production is raised for the first quarter on expectations of heavier bird weights. Turkey production is lowered as the sector continues to adjust to Highly Pathogenic Avian Influenza discoveries in 2023 and early 2024 as well as relatively weak demand. Egg production is reduced slightly on recent layer flock data. Beef imports for 2024 are raised for the year on firm demand for imported beef and larger supplies of beef, largely in Oceania. The beef export forecast is unchanged. The pork export forecast is raised on the pace of exports in late 2023 and expectations of continued firm demand in a number of key markets. Broiler exports are reduced on higher U.S. prices and weaker import demand, but lower turkey prices are expected to support gains in turkey exports in early 2024. For 2024, cattle prices are raised on expected strength in first -half demand for fed cattle in the face of tightening feedlot numbers. Hog prices are raised on lower pork production and steady demand. First -half broiler prices are projected higher on current prices. Turkey prices are lowered on recent prices and continued weak demand. Egg prices are raised on recent prices and expectations of relatively firm demand strength post -Easter. Milk supply and use estimates for 2023 are adjusted to reflect December domestic and trade data. For 2024, milk production is lowered due to lower expected output per cow, which is partly offset by higher cow inventories. On a fat basis, domestic use is raised as a more rapid pace of disappearance during the fourth quarter of 2023 carries over into 2024. Fat basis exports are raised, based on higher expected butter and cheese exports, as the United States is expected to be competitive on the international market for those products. Fat basis imports are lowered. Skim -solids basis domest ic use is al so raised based on higher -than-expected disappearance in fourth- quarter 2023. Skim -solids basis exports are lowered to reflect the strength of domestic prices as domestic demand is stronger. Cheese, butter, nonfat dry milk (NDM) and whey prices for 2024 are all raised based on recent price strength, tighter supplies of milk, and stronger domestic use. Class III and Class IV prices in 2024 are also raised based on higher product prices. The all milk price estimate for 2023 is reduced to $20.48 per cwt based on reported data through December. The all milk price forecast for 2024 is raised to $20.95 per cwt. COTTON : The 2023/24 U.S. cotton balance sheet has lower ending stocks relative to last month, with higher exports and lower mill use, while production is unchanged. The export forecast is raised 200,000 bales to 12.3 million based on a strong pace of shipments and sales to date. Similarly, projected mill use is reduced 150,000 bales as U.S. domestic spinning activity remains low. Ending stocks are now estimated at 2.8 million bales, equivalent to 20 percent of total disappearance. The upland cotton marketi ng year average price received by producers is projected at 77 cents per pound, 1 cent higher than in January. WASDE- 645-5 World 2023/24 cotton ending stocks are nearly 700,000 bales lower this month, as lower beginning stocks and production reduce supplies. World consumption is virtually unchanged as increases in China and Vietnam are offset by lower consumption in Turkey, the United States, and Thailand. Beginning stocks are 250,000 bales lower than in January largely due to a downward revision in Argentina’s 2022/23 cotton crop. Projected 2023/24 world cotton production is 355,000 bales lower this month, with cuts in Austral ia and Benin partly offset by smaller increases elsewhere. World trade is nearly 200,000 bales lower as a 500,000- bale increase in China’s imports is more than offset by reductions for India, Pakistan, Thailand, and Turkey. Exports are higher for the Unit ed States, Burkina Faso, and Turkey, and lower for Brazil, Argentina, and Australia. Approved by the Secretary of Agriculture and by the Chairman of the World Agricultural Outlook Board, Mark Jekanowski, (202) 720 -6030 . This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: ALEXIS M. TAYLOR SECRETARY OF AGRICULTURE DESIGNATE WASDE- 645-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone, ICEC Chair, WAOB, [email protected] Andrew Sowell, ERS; Rachel Trego, FAS; Bruce McWilliams, FPAC. Rice: Mark Simone, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS ; Kent Lanclos, FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Aaron Ates , ERS; Kevin Min, FAS; Jacob Vuillemin, FPAC. Oilseeds: Joanna Hitchner , ICEC Chair, WAOB, [email protected] Maria Bukowski, ERS; Agata Kingsbury, FAS; Gustavo Ferreira, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; Graham Soley, FAS; Kent Lanclos, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Vida Abadam, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Mason Graha me, FAS; Jacob Vuillemin, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Grace Grossen, ERS; Claire Mezoughem, FAS; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Adriana Valcu- Lisman, ERS; Jeffery Dwyer, FAS; Georgi Gabrielyan, FPAC. In 2024 the WASDE report will be released on Mar 8, Apr 11, May 10, Jun 12, Jul 12, Aug 12, Sep 12, Oct 11, Nov 8, and Dec 10. WASDE- 645-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Production .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 February 2024 WASDE - 645 - 8 World and U.S. Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2021/22 2793.94 3588.82 513.54 2794.80 794.02 2022/23 (Est.) 2748.47 3542.49 495.50 2764.84 777.65 filler filler filler filler filler 2023/24 (Proj.) Jan 2812.30 3589.92 501.28 2810.97 778.95 2023/24 (Proj.) Feb 2809.56 3587.20 503.23 2812.11 775.09 filler filler filler filler filler Wheat 2021/22 780.05 1063.91 202.77 791.16 272.75 2022/23 (Est.) 789.17 1061.93 220.17 790.71 271.21 filler filler filler filler filler 2023/24 (Proj.) Jan 784.91 1056.47 209.54 796.44 260.03 2023/24 (Proj.) Feb 785.74 1056.96 210.69 797.52 259.44 filler filler filler filler filler Coarse Grains 5/ 2021/22 1500.79 1824.00 253.87 1486.02 337.98 2022/23 (Est.) 1446.34 1784.32 221.05 1454.24 330.09 filler filler filler filler filler 2023/24 (Proj.) Jan 1513.85 1844.10 240.25 1492.43 351.67 2023/24 (Proj.) Feb 1510.08 1840.17 240.92 1491.70 348.47 filler filler filler filler filler Rice, milled 2021/22 513.10 700.91 56.90 517.62 183.28 2022/23 (Est.) 512.96 696.24 54.28 519.89 176.35 filler filler filler filler filler 2023/24 (Proj.) Jan 513.54 689.35 51.50 522.10 167.25 2023/24 (Proj.) Feb 513.74 690.08 51.62 522.90 167.18 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2021/22 447.17 511.98 94.82 360.06 57.09 2022/23 (Est.) 406.43 471.36 67.73 350.03 53.60 filler filler filler filler filler 2023/24 (Proj.) Jan 459.13 520.72 81.72 362.27 76.74 2023/24 (Proj.) Feb 459.13 520.66 82.03 361.40 77.23 filler filler filler filler filler Wheat 2021/22 44.80 70.42 21.66 30.41 18.36 2022/23 (Est.) 44.90 66.57 20.65 30.42 15.50 filler filler filler filler filler 2023/24 (Proj.) Jan 49.31 68.76 19.73 31.41 17.62 2023/24 (Proj.) Feb 49.31 68.76 19.73 31.14 17.90 filler filler filler filler filler Coarse Grains 5/ 2021/22 396.30 432.90 70.52 324.91 37.48 2022/23 (Est.) 356.45 397.18 45.04 315.00 37.14 filler filler filler filler filler 2023/24 (Proj.) Jan 402.89 442.73 59.29 325.71 57.73 2023/24 (Proj.) Feb 402.89 442.65 59.54 325.12 57.99 filler filler filler filler filler Rice, milled 2021/22 6.07 8.65 2.65 4.74 1.26 2022/23 (Est.) 5.08 7.61 2.04 4.61 0.96 filler filler filler filler filler 2023/24 (Proj.) Jan 6.93 9.23 2.70 5.14 1.38 2023/24 (Proj.) Feb 6.93 9.26 2.76 5.14 1.35 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). February 2024 WASDE - 645 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2021/22 2,346.78 3,076.84 418.71 2,434.74 736.93 2022/23 (Est.) 2,342.04 3,071.13 427.76 2,414.81 724.05 filler filler filler filler filler 2023/24 (Proj.) Jan 2,353.17 3,069.20 419.57 2,448.70 702.21 2023/24 (Proj.) Feb 2,350.42 3,066.54 421.19 2,450.71 697.86 filler filler filler filler filler Wheat 2021/22 735.25 993.49 181.11 760.75 254.40 2022/23 (Est.) 744.28 995.36 199.52 760.29 255.71 filler filler filler filler filler 2023/24 (Proj.) Jan 735.59 987.71 189.81 765.03 242.41 2023/24 (Proj.) Feb 736.43 988.19 190.96 766.38 241.54 filler filler filler filler filler Coarse Grains 5/ 2021/22 1,104.50 1,391.10 183.35 1,161.11 300.51 2022/23 (Est.) 1,089.89 1,387.15 176.01 1,139.24 292.95 filler filler filler filler filler 2023/24 (Proj.) Jan 1,110.96 1,401.37 180.96 1,166.71 293.94 2023/24 (Proj.) Feb 1,107.19 1,397.52 181.38 1,166.58 290.48 filler filler filler filler filler Rice, milled 2021/22 507.03 692.25 54.25 512.88 182.02 2022/23 (Est.) 507.87 688.63 52.23 515.29 175.38 filler filler filler filler filler 2023/24 (Proj.) Jan 506.61 680.12 48.80 516.96 165.87 2023/24 (Proj.) Feb 506.80 680.82 48.85 517.75 165.83 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grain s. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2021/22 114.49 192.16 43.19 116.11 76.42 2022/23 (Est.) 116.26 192.68 36.96 111.16 82.97 filler filler filler filler filler 2023/24 (Proj.) Jan 113.18 196.39 43.05 112.43 84.38 2023/24 (Proj.) Feb 112.82 195.79 42.87 112.46 83.70 filler filler filler filler filler United States 2021/22 17.52 20.68 14.48 2.55 4.05 2022/23 (Est.) 14.47 18.52 12.77 2.05 4.25 filler filler filler filler filler 2023/24 (Proj.) Jan 12.43 16.69 12.10 1.90 2.90 2023/24 (Proj.) Feb 12.43 16.69 12.30 1.75 2.80 filler filler filler filler filler Foreign 4/ 2021/22 96.96 171.48 28.71 113.56 72.37 2022/23 (Est.) 101.79 174.16 24.20 109.11 78.72 filler filler filler filler filler 2023/24 (Proj.) Jan 100.75 179.71 30.95 110.53 81.48 2023/24 (Proj.) Feb 100.39 179.10 30.57 110.71 80.90 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. February 2024 WASDE - 645 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2021/22 611.78 727.80 179.45 510.18 117.47 2022/23 (Est.) 637.21 754.69 202.12 523.91 122.36 filler filler filler filler filler 2023/24 (Proj.) Jan 660.18 780.29 197.35 541.96 131.34 2023/24 (Proj.) Feb 659.40 781.76 197.13 541.85 133.37 filler filler filler filler filler Oilmeals 2021/22 349.53 369.35 96.28 346.77 20.28 2022/23 (Est.) 356.83 377.11 97.27 355.03 17.64 filler filler filler filler filler 2023/24 (Proj.) Jan 369.85 387.65 100.71 364.10 19.69 2023/24 (Proj.) Feb 369.79 387.42 101.51 364.17 19.28 filler filler filler filler filler Vegetable Oils 2021/22 207.77 236.58 79.61 202.38 29.11 2022/23 (Est.) 217.67 246.78 88.33 210.39 31.41 filler filler filler filler filler 2023/24 (Proj.) Jan 223.04 253.91 89.89 218.48 30.41 2023/24 (Proj.) Feb 222.83 254.24 89.60 217.98 31.13 filler filler filler filler filler United States Output Total Supply Trade Total Use 2 / Ending Stocks Oilseeds 2021/22 131.32 141.14 59.55 63.87 9.14 2022/23 (Est.) 125.75 136.42 55.12 64.16 8.85 filler filler filler filler filler 2023/24 (Proj.) Jan 122.37 132.70 48.79 66.71 9.15 2023/24 (Proj.) Feb 122.37 132.70 47.97 66.59 10.14 filler filler filler filler filler Oilmeals 2021/22 49.23 53.19 12.46 40.38 0.35 2022/23 (Est.) 49.94 54.60 13.50 40.69 0.41 filler filler filler filler filler 2023/24 ( Proj.) Jan 51.52 56.16 14.10 41.62 0.44 2023/24 (Proj.) Feb 51.45 56.09 14.09 41.56 0.44 filler filler filler filler filler Vegetable Oils 2021/22 13.05 19.62 1.05 17.30 1.27 2022/23 (Est.) 13.18 20.73 0.33 19.27 1.12 filler filler filler filler filler 2023/24 (Proj.) Jan 13.59 21.38 0.30 19.97 1.11 2023/24 (Proj.) Feb 13.54 21.27 0.30 19.86 1.11 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2021/22 480.46 586.66 119.90 446.31 108.33 2022/23 (Est.) 511.46 618.27 147.01 459.75 113.51 filler filler filler filler filler 2023/24 (Proj.) Jan 537.80 647.59 148.56 475.25 122.19 2023/24 (Proj.) Feb 537.03 649.07 149.16 475.26 123.23 filler filler filler filler filler Oilmeals 2021/22 300.30 316.16 83.82 306.39 19.93 2022/23 (Est.) 306.88 322.50 83.77 314.34 17.22 filler filler filler filler filler 2023/24 (Proj.) Jan 318.33 331.49 86.62 322.48 19.25 2023/24 (Proj.) Feb 318.34 331.33 87.43 322.60 18.83 filler filler filler filler filler Vegetable Oils 2021/22 194.72 216.96 78.57 185.09 27.84 2022/23 (Est.) 204.49 226.05 88.00 191.12 30.29 filler filler filler filler filler 2023/24 (Proj.) Jan 209.44 232.53 89.58 198.51 29.30 2023/24 (Proj.) Feb 209.29 232.97 89.30 198.12 30.02 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. February 2024 WASDE - 645 - 11 U.S. Wheat Supply and Use 1/ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Jan Feb Million Acres Area Planted 46.7 45.8 49.6 49.6 Area Harvested 37.1 35.5 37.3 37.3 Bushels Yield per Harvested Acre 44.3 46.5 48.6 48.6 Million Bushels Beginning Stocks 845 674 570 570 Production 1,646 1,650 1,812 1,812 Imports 96 122 145 145 Supply, Total 2,588 2,446 2,527 2,527 Food 971 973 970 960 Seed 58 68 64 64 Feed and Residual 88 77 120 120 Domestic, Total 1,117 1,118 1,154 1,144 Exports 796 759 725 725 Use, Total 1,913 1,876 1,879 1,869 Ending Stocks 674 570 648 658 Avg. Farm Price ($/bu) 2/ 7.63 8.83 7.20 7.20 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2022/23 (Est.) Beginning Stocks 356 142 99 54 24 674 Production 531 446 336 272 64 1,650 Imports 5 56 4 7 51 122 Supply, Total 3/ 891 644 439 333 139 2,446 Food 374 266 163 85 85 973 Seed 29 17 14 6 3 68 Feed and Residual 42 -8 65 -22 0 77 Domestic Use 444 275 242 68 88 1,118 Exports 224 214 107 190 23 759 Use, Total 669 489 349 259 111 1,876 Ending Stocks, Total 223 155 90 74 28 570 2023/24 (Proj.) Beginning Stocks 223 155 90 74 28 570 Production 601 468 449 235 59 1,812 Imports 25 65 10 5 40 145 Supply, Total 3/ 849 688 549 314 127 2,527 Food 378 255 160 84 83 960 Seed 27 16 13 6 2 64 Feed and Residual 25 10 90 -5 0 120 Domestic Use 430 281 263 85 85 1,144 Exports 140 230 175 155 25 725 Use, Total 570 511 438 240 110 1,869 Ending Stocks, Total Feb 279 177 111 74 17 658 Ending Stocks, Total Jan 274 177 107 73 17 648 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. February 2024 WASDE - 645 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Jan Feb Million Acres Area Planted 105.5 100.0 107.5 107.5 Area Harvested 94.1 86.6 96.0 96.0 Metric Tons Yield per Harvested Acre 4.21 4.11 4.19 4.19 Million Metric Tons Beginning Stocks 34.0 37.5 37.1 37.1 Production 396.0 356.1 402.6 402.6 Imports 2.3 2.9 2.4 2.3 Supply, Total 432.4 396.5 442.1 442.0 Feed and Residual 147.4 142.3 147.6 147.5 Food, Seed & Industrial 177.0 172.1 177.5 177.0 Domestic, Total 324.4 314.4 325.1 324.6 Exports 70.5 45.0 59.3 59.5 Use, Total 394.9 359.4 384.4 384.1 Ending Stocks 37.5 37.1 57.7 58.0 CORN 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. January February Million Acres Area Planted 92.9 88.2 94.6 94.6 Area Harvested 85.0 78.7 86.5 86.5 Bushels Yield per Harvested Acre 176.7 173.4 177.3 177.3 Million Bushels Beginning Stocks 1,235 1,377 1,360 1,360 Production 15,018 13,651 15,342 15,342 Imports 24 39 25 25 Supply, Total 16,277 15,066 16,727 16,727 Feed and Residual 5,671 5,487 5,675 5,675 Food, Seed & Industrial 2/ 6,757 6,558 6,790 6,780 Ethanol & by -products 3/ 5,320 5,176 5,375 5,375 Domestic, Total 12,427 12,045 12,465 12,455 Exports 2,472 1,661 2,100 2,100 Use, Total 14,900 13,706 14,565 14,555 Ending Stocks 1,377 1,360 2,162 2,172 Avg. Farm Price ($/bu) 4/ 6.00 6.54 4.80 4.80 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by- products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Market ing- year weighted average price received by farmers. February 2024 WASDE - 645 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Jan Feb Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 7.3 6.3 7.2 7.2 Area Harvested (mil. acres) 6.5 4.6 6.1 6.1 Yield (bushels/acre) 69.0 41.1 52.0 52.0 Beginning Stocks 20 47 24 24 Production 448 188 318 318 Imports 0 0 0 0 Supply, Total 468 235 342 342 Feed and Residual 80 42 45 45 Food, Seed & Industrial 45 59 45 35 Total Domestic 125 102 90 80 Exports 296 109 230 240 Use, Total 421 211 320 320 Ending Stocks 47 24 22 22 Avg. Farm Price ($/bu) 2/ 5.94 5.94 4.85 4.85 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. January February Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.7 2.9 3.1 3.1 Area Harvested (mil. acres) 2.0 2.4 2.6 2.6 Yield (bushels/acre) 60.5 71.7 72.4 72.4 Beginning Stocks 71 37 66 66 Production 121 174 185 185 Imports 15 24 14 14 Supply, Total 207 235 265 265 Feed and Residual 23 36 60 60 Food, Seed & Industrial 139 131 125 125 Total Domestic 162 167 185 185 Exports 7 2 3 3 Use, Total 170 169 188 188 Ending Stocks 37 66 77 77 Avg. Farm Price ($/bu) 2/ 5.31 7.40 7.50 7.50 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. January February Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.6 2.6 2.6 2.6 Area Harvested (mil. acres) 0.7 0.9 0.8 0.8 Yield (bushels/acre) 61.3 65.5 68.6 68.6 Beginning Stocks 38 33 35 35 Production 40 58 57 57 Imports 81 84 85 80 Supply, Total 159 174 177 172 Feed and Residual 44 57 55 50 Food, Seed & Industrial 79 81 81 81 Total Domestic 124 138 136 131 Exports 3 2 2 2 Use, Total 126 140 138 133 Ending Stocks 33 35 39 39 Avg. Farm Price ($/bu) 2/ 4.55 4.57 3.70 3.70 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. February 2024 WASDE - 645 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Jan Feb Million Acres Area Planted 2.53 2.22 2.89 2.89 Area Harvested 2.48 2.17 2.85 2.85 Fil ler Pounds Yield per Harvested Acre 7,710 7,385 7,649 7,649 Million Hundredweight Beginning Stocks 2/ 43.7 39.7 30.3 30.3 Production 191.1 160.0 218.3 218.3 Imports 37.8 39.9 42.0 43.0 Supply, Total 272.5 239.7 290.5 291.5 Domestic & Residual 3/ 149.3 145.1 162.0 162.0 Exports, Total 4/ 83.5 64.3 85.0 87.0 Rough 28.2 18.1 31.0 33.0 Milled (rough equiv.) 55.3 46.2 54.0 54.0 Use, Total 232.8 209.4 247.0 249.0 Ending Stocks 39.7 30.3 43.5 42.5 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 16.10 19.80 18.40 18.40 Total LONG -GRAIN RICE 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. January February Harvested Acres (mil.) 1.93 1.78 2.05 2.05 Yield (pounds/acre) 7,471 7,225 7,524 7,524 Beginning Stocks 29.7 24.6 21.2 21.2 Imports 30.7 31.9 35.0 36.0 Production 144.0 128.5 153.9 153.9 Supply, Total 7/ 204.4 185.0 210.0 211.0 Domestic & Residual 3/ 117.7 114.0 125.0 125.0 Exports 8/ 62.0 49.8 61.0 63.0 Use, Total 179.7 163.8 186.0 188.0 Ending Stocks 24.6 21.2 24.0 23.0 Avg. Farm Price ($/cwt) 6/ 13.60 16.70 16.00 16.00 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. January February Harvested Acres (mil.) 0.55 0.39 0.81 0.81 Yield (pounds/acre) 8,546 8,118 7,963 7,963 Beginning Stocks 11.5 13.0 6.8 6.8 Imports 7.1 8.0 7.0 7.0 Production 47.1 31.6 64.4 64.4 Supply, Total 7/ 66.1 52.4 78.2 78.2 Domestic & Residual 3/ 31.6 31.1 37.0 37.0 Exports 8/ 21.5 14.5 24.0 24.0 Use, Total 53.1 45.6 61.0 61.0 Ending Stocks 13.0 6.8 17.2 17.2 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 26.40 33.80 26.00 26.00 California 10/ 31.90 40.90 30.00 30.00 Other States 1/ 13.90 18.20 17.50 17.50 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2019/20 -1.0; 2020/21-2.5;2021/2 2-2.0. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing -year weighted average price received by farme rs. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The California medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the f inal price may differ. 10/ Marketing year beginning October 1. * For June --Planted acres reported in March 31, 2023, "Prospective P lantings." Harvested acres are estimated using long run harvested -to-planted ratios by rice class. For July --Planted and harvested area are reported in June 30, 2023 "Acreage" report. Projected yield is based on by -class trend analysis and planted area. February 2024 WASDE - 645 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Jan Feb Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 87.2 87.5 83.6 83.6 Area Harvested 86.3 86.2 82.4 82.4 Fil ler Bushels Yield per Harvested Acre 51.7 49.6 50.6 50.6 Million Bushels Beginning Stocks 257 274 264 264 Production 4,464 4,270 4,165 4,165 Imports 16 25 30 30 Supply, Total 4,737 4,569 4,459 4,459 Crushings 2,204 2,212 2,300 2,300 Exports 2,152 1,992 1,755 1,720 Seed 102 97 101 102 Residual 5 4 23 22 Use, Total 4,463 4,305 4,179 4,144 Ending Stocks 274 264 280 315 Avg. Farm Price ($/bu) 2/ 13.30 14.20 12.75 12.65 Total SOYBEAN OIL 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. January February Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 2,131 1,991 1,602 1,602 Production 4/ 26,155 26,227 27,025 27,025 Imports 303 376 450 450 Supply, Total 28,589 28,594 29,077 29,077 Domestic Disappearance 24,827 26,614 27,200 27,200 Biofuel 3/ 10,379 12,491 13,000 13,000 Food, Feed & other Industrial 14,449 14,123 14,200 14,200 Exports 1,771 378 300 300 Use, Total 26,598 26,992 27,500 27,500 Ending stocks 1,991 1,602 1,577 1,577 Avg. Price (c/lb) 2/ 72.98 65.26 54.00 51.00 Total SOYBEAN MEAL 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. January February Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 341 311 371 371 Production 4/ 51,814 52,493 54,154 54,154 Imports 655 632 600 600 Supply, Total 52,810 53,436 55,125 55,125 Domestic Disappearance 38,959 38,402 39,425 39,425 Exports 13,540 14,664 15,300 15,300 Use, Total 52,499 53,065 54,725 54,725 Ending Stocks 311 371 400 400 Avg. Price ($/s.t.) 2/ 439.81 451.91 380.00 380.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects soybean oil used for biofuels as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,219 million bushels for 2022/23 and 2,300 million bushels for 2023/24. February 2024 WASDE - 645 - 16 U.S. Sugar Supply and Use 1/ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Jan Feb Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,705 1,820 1,843 1,843 Production 2/ 9,157 9,250 9,391 9,352 Beet Sugar 5,155 5,187 5,407 5,327 Cane Sugar 4,002 4,063 3,985 4,024 Florida 1,934 1,985 2,037 2,045 Louisiana 1,944 2,001 1,904 1,935 Texas 124 76 44 44 Imports 3,646 3,614 3,310 3,326 TRQ 3/ 1,579 1,862 1,613 1,612 Other Program 4/ 298 141 200 200 Non-program 1,769 1,611 1,497 1,514 Mexico 1,379 1,156 922 799 High -tier tariff/other 390 455 575 715 Total Supply 14,508 14,685 14,544 14,520 Exports 29 82 160 160 Deliveries 12,578 12,589 12,630 12,555 Food 12,470 12,473 12,525 12,450 Other 5/ 107 116 105 105 Miscellaneous 81 171 0 0 Total Use 12,688 12,843 12,790 12,715 Ending Stocks 1,820 1,843 1,754 1,805 Stocks to Use Ratio 14.3 14.3 13.7 14.2 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2022/23 and 2023/24 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2022/23, WTO raw sugar TRQ shortfall (161) and for 2023/24 (92). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol ma nufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE - reported deliveries: 2021/22 -- 303; estimated 2022/23 -- 304; projected 2023/24 -- 291 Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2022/23 Est. Jan 964 5,224 285 4,627 1,011 835 2022/23 Est. Feb 964 5,224 285 4,627 1,011 835 2023/24 Proj. Jan 835 5,016 511 4,648 814 900 2023/24 Proj. Feb 835 4,875 547 4,648 709 900 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2021/22 = 1,320; Estimated 2022/23 = 1,392; Projected 2023/24 = 1,407; Estimated Oct.2023 -Dec. 2023 = 337; Estimated Oct. -Dec. 2022 = 345. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2022/23 (405 est =387 dom.+18 import); 2023/24 (400 proj = 375 dom.+25 import). Statistical Adjustments: 2022/23 (29), 2023/24 (0). February 2024 WASDE - 645 - 17 U.S. Cotton Supply and Use 1/ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Jan Feb Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 11.21 13.75 10.23 10.23 Harvested 10.26 7.29 7.06 7.06 Fil ler Pounds Yield per Harvested Acre 820 953 845 845 Million 480 Pound Bales Beginning Stocks 3.15 4.05 4.25 4.25 Production 17.52 14.47 12.43 12.43 Imports 0.01 0.00 0.01 0.01 Supply, Total 20.68 18.52 16.69 16.69 Domestic Use 2.55 2.05 1.90 1.75 Exports, Total 14.48 12.77 12.10 12.30 Use, Total 17.03 14.82 14.00 14.05 Unaccounted 2/ -0.40 -0.55 -0.21 -0.16 Ending Stocks 4.05 4.25 2.90 2.80 Avg. Farm Price 3/ 91.4 84.8 76.0 77.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. February 2024 WASDE - 645 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 283.86 780.05 199.93 160.19 791.16 202.77 272.75 World Less China 144.74 643.11 190.36 125.19 643.16 201.89 135.99 United States 23.00 44.80 2.62 2.40 30.41 21.66 18.36 Total Foreign 260.86 735.25 197.31 157.79 760.75 181.11 254.40 Major Exporters 4/ 34.88 327.13 5.79 76.90 184.20 142.40 41.21 Argentina 2.32 22.15 0.00 0.25 6.55 16.00 1.93 Australia 3.02 36.24 0.21 5.00 8.50 27.51 3.45 Canada 5.95 22.42 0.55 5.15 10.15 15.12 3.66 European Union 5/ 10.70 138.16 4.63 45.00 108.25 31.93 13.31 Russia 11.38 75.16 0.30 18.50 41.75 33.00 12.09 Ukraine 1.51 33.01 0.10 3.00 9.00 18.84 6.77 Major Importers 6/ 177.06 204.04 130.32 54.87 323.89 15.28 172.25 Bangladesh 2.14 1.09 6.34 0.55 8.25 0.00 1.31 Brazil 1.91 7.70 6.39 0.45 11.75 3.07 1.18 China 139.12 136.95 9.57 35.00 148.00 0.88 136.76 Japan 1.04 1.13 5.61 0.75 6.30 0.30 1.18 N. Africa 7/ 11.85 21.28 26.61 1.87 47.02 0.41 12.31 Nigeria 0.79 0.09 6.19 0.05 5.85 0.60 0.62 Sel. Mideast 8/ 10.23 16.51 22.76 3.88 38.83 0.75 9.92 Southeast Asia 9/ 4.45 0.00 27.02 8.50 25.63 1.20 4.64 Selected Other India 27.80 109.59 0.03 7.00 109.88 8.03 19.50 Kazakhstan 1.48 11.81 2.50 1.35 6.20 8.10 1.49 United Kingdom 1.42 13.99 2.64 7.32 15.32 0.87 1.85 2022/23 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 272.75 789.17 211.48 153.67 790.71 220.17 271.21 World Less China 135.99 651.45 198.19 120.67 642.71 219.23 132.40 United States 18.36 44.90 3.32 2.09 30.42 20.65 15.50 Total Foreign 254.40 744.28 208.16 151.58 760.29 199.52 255.71 Major Exporters 4/ 41.21 335.12 13.21 74.61 182.00 160.78 46.76 Argentina 1.93 12.55 0.00 0.25 6.75 3.66 4.07 Australia 3.45 40.55 0.20 4.50 8.00 31.82 4.37 Canada 3.66 34.34 0.55 4.16 9.30 25.59 3.66 European Union 5/ 13.31 134.19 12.10 44.00 108.00 35.08 16.52 Russia 12.09 92.00 0.30 19.00 42.25 47.50 14.64 Ukraine 6.77 21.50 0.06 2.70 7.70 17.12 3.50 Major Importers 6/ 172.25 206.12 133.35 50.74 320.40 15.13 176.18 Bangladesh 1.31 1.10 5.12 0.20 6.70 0.00 0.83 Brazil 1.18 10.60 4.68 0.55 11.95 2.69 1.82 China 136.76 137.72 13.28 33.00 148.00 0.95 138.82 Japan 1.18 1.06 5.45 0.75 6.25 0.29 1.14 N. Africa 7/ 12.31 17.24 29.12 1.67 46.42 0.77 11.48 Nigeria 0.62 0.11 4.73 0.00 4.70 0.40 0.36 Sel. Mideast 8/ 9.92 17.43 24.60 3.68 39.73 0.65 11.56 Southeast Asia 9/ 4.64 0.00 24.54 7.40 24.15 1.28 3.75 Selected Other India 19.50 104.00 0.05 6.50 108.68 5.38 9.50 Kazakhstan 1.49 16.40 3.00 1.80 6.75 10.87 3.27 United Kingdom 1.85 15.54 2.02 7.00 15.00 1.91 2.50 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancie s in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines , Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2024 WASDE - 645 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jan 271.56 784.91 209.15 161.06 796.44 209.54 260.03 Feb 271.21 785.74 209.89 160.46 797.52 210.69 259.44 World Less China Jan 132.74 648.32 196.65 124.06 642.94 208.64 126.52 Feb 132.40 649.15 197.89 123.46 644.02 209.79 126.43 United States Jan 15.50 49.31 3.95 3.27 31.41 19.73 17.62 Feb 15.50 49.31 3.95 3.27 31.14 19.73 17.90 Total Foreign Jan 256.06 735.59 205.20 157.79 765.03 189.81 242.41 Feb 255.71 736.43 205.95 157.19 766.38 190.96 241.54 Major Exporters 4/ Jan 46.74 321.15 12.18 77.20 184.50 154.50 41.08 Feb 46.76 321.35 13.19 76.20 183.90 156.50 40.90 Argentina Jan 4.07 15.00 0.00 0.20 6.70 10.00 2.37 Feb 4.07 15.50 0.01 0.20 6.70 10.50 2.38 Australia Jan 4.37 25.50 0.20 4.00 7.50 19.00 3.57 Feb 4.37 25.50 0.20 3.50 7.00 19.50 3.57 Canada Jan 3.64 31.95 0.60 3.50 8.70 24.00 3.50 Feb 3.66 31.95 0.60 3.50 8.70 24.00 3.51 European Union 5/ Jan 16.52 134.30 11.00 45.50 110.00 36.50 15.32 Feb 16.52 134.00 12.00 46.00 110.50 36.50 15.52 Russia Jan 14.64 91.00 0.30 20.00 43.00 51.00 11.94 Feb 14.64 91.00 0.30 20.00 43.00 51.00 11.94 Ukraine Jan 3.50 23.40 0.08 4.00 8.60 14.00 4.38 Feb 3.50 23.40 0.08 3.00 8.00 15.00 3.98 Major Importers 6/ Jan 176.54 206.83 131.32 54.87 327.94 16.45 170.31 Feb 176.18 207.54 129.92 54.87 327.69 16.80 169.16 Bangladesh Jan 0.83 1.10 5.80 0.25 6.75 0.00 0.98 Feb 0.83 1.10 5.80 0.25 6.75 0.00 0.98 Brazil Jan 1.82 8.40 5.60 0.80 12.20 2.50 1.12 Feb 1.82 8.10 5.60 0.80 12.20 2.20 1.12 China Jan 138.82 136.59 12.50 37.00 153.50 0.90 133.51 Feb 138.82 136.59 12.00 37.00 153.50 0.90 133.01 Japan Jan 1.14 1.12 5.50 0.65 6.25 0.30 1.21 Feb 1.14 1.12 5.30 0.65 6.15 0.30 1.11 N. Africa 7/ Jan 12.14 16.73 29.70 1.75 47.30 0.70 10.57 Feb 11.48 16.73 29.40 1.75 47.05 0.70 9.86 Nigeria Jan 0.36 0.12 4.80 0.00 4.60 0.35 0.33 Feb 0.36 0.12 4.80 0.00 4.60 0.35 0.33 Sel. Mideast 8/ Jan 11.36 19.77 22.32 3.32 39.94 0.63 12.89 Feb 11.56 20.77 22.12 3.52 40.24 0.88 13.34 Southeast Asia 9/ Jan 3.75 0.00 25.20 7.10 24.15 1.12 3.68 Feb 3.75 0.00 25.20 7.10 24.15 1.12 3.68 Selected Other India Jan 9.50 110.55 0.25 6.75 109.90 0.40 10.00 Feb 9.50 110.55 0.25 6.75 111.00 0.30 9.00 Kazakhstan Jan 3.27 12.00 2.00 1.00 5.95 10.00 1.32 Feb 3.27 12.11 2.00 1.00 5.95 10.00 1.43 United Kingdom Jan 2.50 14.30 2.00 6.90 15.00 1.90 1.90 Feb 2.50 14.00 2.10 7.30 15.40 0.80 2.40 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2024 WASDE - 645 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 323.21 1,500.79 230.11 906.06 1,486.02 253.87 337.98 World Less China 115.75 1,219.94 188.61 678.23 1,165.99 253.86 128.21 United States 34.01 396.30 2.59 147.49 324.91 70.52 37.48 Total Foreign 289.19 1,104.50 227.52 758.57 1,161.11 183.35 300.51 Major Exporters 4/ 19.40 332.29 9.78 138.87 184.88 149.16 27.43 Argentina 2.05 58.64 0.01 12.02 17.84 40.22 2.63 Australia 2.98 19.22 0.00 5.89 7.76 10.83 3.61 Brazil 4.60 120.62 3.25 63.59 75.68 48.30 4.50 Canada 3.63 25.12 6.40 17.50 25.79 5.65 3.71 Russia 1.90 38.54 0.10 22.23 31.11 7.58 1.85 Ukraine 1.65 53.51 0.02 10.63 13.41 32.93 8.84 Major Importers 5/ 36.21 248.24 138.72 285.10 369.66 15.34 38.17 European Union 6/ 14.51 154.84 21.30 117.48 158.27 13.76 18.62 Japan 1.63 0.24 16.51 13.09 16.82 0.00 1.56 Mexico 3.60 32.79 18.56 31.05 50.77 0.25 3.93 N. Afr & Mideast 7/ 7.16 29.05 40.50 60.59 69.40 0.69 6.63 Saudi Arabia 1.33 0.15 8.28 8.02 8.35 0.00 1.41 Southeast Asia 8/ 5.21 30.90 17.31 41.11 49.48 0.64 3.30 South Korea 2.04 0.19 11.62 9.26 11.78 0.00 2.07 Selected Other China 207.46 280.85 41.50 227.83 320.03 0.01 209.77 2022/23 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 337.98 1,446.34 213.12 888.51 1,454.24 221.05 330.09 World Less China 128.21 1,160.84 180.50 658.56 1,133.09 221.04 123.36 United States 37.48 356.45 3.25 142.41 315.00 45.04 37.14 Total Foreign 300.51 1,089.89 209.87 746.10 1,139.24 176.01 292.95 Major Exporters 4/ 27.43 328.40 4.46 136.45 184.61 146.66 29.02 Argentina 2.63 41.84 0.02 9.10 15.03 27.51 1.95 Australia 3.61 18.84 0.00 5.77 7.65 10.93 3.87 Brazil 4.50 141.60 1.95 67.05 81.19 56.02 10.84 Canada 3.71 30.54 2.18 17.11 24.76 7.95 3.72 Russia 1.85 44.13 0.10 23.68 33.15 10.62 2.32 Ukraine 8.84 33.93 0.02 6.70 9.16 29.92 3.71 Major Importers 5/ 38.17 229.85 136.17 273.56 356.57 13.08 34.54 European Union 6/ 18.62 133.04 25.46 111.61 151.33 11.11 14.68 Japan 1.56 0.24 16.45 13.11 16.80 0.00 1.45 Mexico 3.93 33.88 20.24 32.88 52.75 0.10 5.20 N. Afr & Mideast 7/ 6.63 31.37 33.13 55.60 63.72 1.07 6.34 Saudi Arabia 1.41 0.14 7.61 7.41 7.75 0.00 1.41 Southeast Asia 8/ 3.30 30.93 17.80 39.69 48.20 0.80 3.04 South Korea 2.07 0.16 11.23 9.04 11.55 0.00 1.91 Selected Other China 209.77 285.50 32.62 229.95 321.15 0.01 206.73 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grai n in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Afr ica and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2024 WASDE - 645 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jan 330.25 1,513.85 230.19 918.16 1,492.43 240.25 351.67 Feb 330.09 1,510.08 229.22 915.15 1,491.70 240.92 348.47 World Less China Jan 123.55 1,216.70 191.04 679.01 1,162.03 240.22 139.10 Feb 123.36 1,212.94 189.77 675.70 1,161.00 240.89 135.87 United States Jan 37.14 402.89 2.71 147.74 325.71 59.29 57.73 Feb 37.14 402.89 2.63 147.65 325.12 59.54 57.99 Total Foreign Jan 293.12 1,110.96 227.48 770.43 1,166.71 180.96 293.94 Feb 292.95 1,107.19 226.59 767.50 1,166.58 181.38 290.48 Major Exporters 4/ Jan 28.84 334.02 5.15 140.50 189.89 150.80 27.33 Feb 29.02 331.04 5.20 139.55 189.05 151.31 24.91 Argentina Jan 1.95 63.28 0.02 11.61 17.77 45.50 1.97 Feb 1.95 63.28 0.02 11.61 17.77 45.50 1.97 Australia Jan 3.87 13.34 0.00 6.11 7.99 7.16 2.06 Feb 3.87 13.34 0.00 5.61 7.49 7.66 2.07 Brazil Jan 10.84 132.33 1.70 68.28 83.31 54.03 7.53 Feb 10.84 129.33 1.73 68.28 83.31 52.06 6.52 Canada Jan 3.72 27.16 3.25 16.81 24.75 6.18 3.19 Feb 3.72 27.16 3.25 17.06 25.00 5.93 3.19 Russia Jan 2.32 42.94 0.10 22.79 31.94 11.36 2.07 Feb 2.32 42.94 0.10 22.79 31.94 11.39 2.04 Ukraine Jan 3.65 37.62 0.02 7.51 9.94 23.17 8.19 Feb 3.71 37.62 0.02 6.81 9.31 25.37 6.68 Major Importers 5/ Jan 34.40 230.96 144.98 281.50 365.33 13.65 31.36 Feb 34.54 230.11 144.08 280.29 364.11 13.55 31.07 European Union 6/ Jan 14.68 134.78 25.60 110.45 150.55 10.66 13.85 Feb 14.68 134.78 25.10 110.15 150.25 10.66 13.65 Japan Jan 1.45 0.25 17.01 13.34 17.24 0.00 1.47 Feb 1.45 0.25 17.01 13.34 17.24 0.00 1.47 Mexico Jan 5.20 31.31 20.33 33.18 53.18 0.20 3.45 Feb 5.20 30.36 20.33 32.48 52.48 0.20 3.20 N. Afr & Mideast 7/ Jan 6.20 33.32 37.79 61.35 69.54 2.17 5.60 Feb 6.34 33.53 37.79 61.63 69.83 2.07 5.75 Saudi Arabia Jan 1.41 0.15 8.81 8.62 8.96 0.00 1.41 Feb 1.41 0.15 8.41 8.22 8.56 0.00 1.41 Southeast Asia 8/ Jan 3.04 30.91 18.86 40.50 49.05 0.61 3.13 Feb 3.04 30.81 18.86 40.40 48.95 0.61 3.13 South Korea Jan 1.91 0.16 11.91 9.54 12.03 0.00 1.95 Feb 1.91 0.16 11.91 9.54 12.03 0.00 1.95 Selected Other China Jan 206.70 297.14 39.15 239.15 330.40 0.03 212.57 Feb 206.73 297.14 39.45 239.45 330.70 0.03 212.60 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philip pines, Thailand, and Vietnam. February 2024 WASDE - 645 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 292.94 1,215.93 184.45 743.16 1,198.37 206.64 310.50 World Less China 87.24 943.37 162.57 534.16 907.37 206.63 101.37 United States 31.36 381.47 0.62 144.04 315.67 62.80 34.98 Total Foreign 261.59 834.46 183.84 599.13 882.70 143.83 275.53 Major Exporters 4/ 9.04 238.99 2.67 93.66 116.66 117.60 16.45 Argentina 1.18 49.50 0.01 10.10 14.20 34.69 1.80 Brazil 4.15 116.00 2.60 59.50 70.50 48.28 3.97 Russia 0.75 15.23 0.05 10.00 11.10 4.00 0.93 South Africa 2.12 16.14 0.00 6.86 12.66 3.65 1.95 Ukraine 0.83 42.13 0.02 7.20 8.20 26.98 7.80 Major Importers 5/ 21.60 136.78 94.26 165.82 222.25 6.92 23.47 Egypt 1.36 7.44 9.76 14.50 17.00 0.00 1.56 European Union 6/ 7.83 71.55 19.74 60.00 81.70 6.03 11.39 Japan 1.39 0.01 15.00 11.70 15.04 0.00 1.36 Mexico 3.08 26.76 17.57 25.80 44.00 0.25 3.16 Southeast Asia 7/ 5.21 30.85 16.13 40.10 48.25 0.64 3.29 South Korea 2.02 0.09 11.51 9.22 11.56 0.00 2.06 Selected Other Canada 2.17 14.61 6.14 12.17 17.98 2.19 2.75 China 205.70 272.55 21.88 209.00 291.00 0.00 209.14 2022/23 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2 / Exports Ending Stocks World 3/ 310.50 1,155.94 172.58 728.46 1,166.19 180.99 300.25 World Less China 101.37 878.74 153.87 510.46 867.19 180.98 94.21 United States 34.98 346.74 0.98 139.37 305.95 42.20 34.55 Total Foreign 275.53 809.20 171.60 589.10 860.24 138.79 265.70 Major Exporters 4/ 16.45 231.93 1.39 90.30 115.60 116.72 17.44 Argentina 1.80 35.00 0.02 7.50 11.70 24.00 1.11 Brazil 3.97 137.00 1.30 63.00 76.00 56.00 10.27 Russia 0.93 15.83 0.05 8.90 10.00 5.90 0.91 South Africa 1.95 17.10 0.00 6.90 13.00 3.70 2.35 Ukraine 7.80 27.00 0.02 4.00 4.90 27.12 2.80 Major Importers 5/ 23.47 118.97 95.19 156.95 212.55 5.11 19.98 Egypt 1.56 7.44 6.22 11.20 13.70 0.00 1.51 European Union 6/ 11.39 52.40 23.15 55.00 75.50 4.21 7.23 Japan 1.36 0.01 14.93 11.70 15.00 0.00 1.30 Mexico 3.16 28.08 19.36 27.50 46.00 0.10 4.50 Southeast Asia 7/ 3.29 30.88 16.25 38.35 46.60 0.80 3.03 South Korea 2.06 0.09 11.10 9.00 11.35 0.00 1.90 Selected Other Canada 2.75 14.54 2.13 9.58 14.93 2.86 1.63 China 209.14 277.20 18.71 218.00 299.00 0.01 206.04 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2024 WASDE - 645 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jan 300.56 1,235.73 190.76 763.73 1,211.07 200.89 325.22 Feb 300.25 1,232.57 189.82 761.75 1,210.76 200.82 322.06 World Less China Jan 94.52 946.89 167.76 538.73 905.07 200.87 113.36 Feb 94.21 943.73 166.82 536.75 904.76 200.80 110.20 United States Jan 34.55 389.69 0.64 144.15 316.63 53.34 54.91 Feb 34.55 389.69 0.64 144.15 316.37 53.34 55.17 Total Foreign Jan 266.01 846.04 190.13 619.58 894.44 147.54 270.31 Feb 265.70 842.88 189.18 617.60 894.39 147.47 266.89 Major Exporters 4/ Jan 17.34 246.30 1.29 95.60 122.30 124.70 17.93 Feb 17.44 243.30 1.29 95.10 121.80 124.70 15.53 Argentina Jan 1.11 55.00 0.02 9.80 14.10 41.00 1.03 Feb 1.11 55.00 0.02 9.80 14.10 41.00 1.03 Brazil Jan 10.27 127.00 1.20 63.50 77.50 54.00 6.97 Feb 10.27 124.00 1.20 63.50 77.50 52.00 5.97 Russia Jan 0.91 17.00 0.05 10.50 11.60 5.30 1.06 Feb 0.91 17.00 0.05 10.50 11.60 5.30 1.06 South Africa Jan 2.25 16.80 0.00 7.30 13.60 3.40 2.05 Feb 2.35 16.80 0.00 7.30 13.60 3.40 2.15 Ukraine Jan 2.80 30.50 0.02 4.50 5.50 21.00 6.82 Feb 2.80 30.50 0.02 4.00 5.00 23.00 5.32 Major Importers 5/ Jan 19.98 123.84 101.45 165.40 221.75 5.01 18.51 Feb 19.98 123.24 100.95 164.70 221.05 5.01 18.11 Egypt Jan 1.51 7.20 8.50 13.30 15.80 0.00 1.41 Feb 1.51 7.20 8.50 13.30 15.80 0.00 1.41 European Union 6/ Jan 7.23 60.10 23.50 58.30 79.20 4.20 7.43 Feb 7.23 60.10 23.00 58.00 78.90 4.20 7.23 Japan Jan 1.30 0.01 15.50 12.00 15.50 0.00 1.31 Feb 1.30 0.01 15.50 12.00 15.50 0.00 1.31 Mexico Jan 4.50 25.50 19.60 28.00 46.60 0.20 2.80 Feb 4.50 25.00 19.60 27.70 46.30 0.20 2.60 Southeast Asia 7/ Jan 3.03 30.86 17.95 39.80 48.10 0.61 3.13 Feb 3.03 30.76 17.95 39.70 48.00 0.61 3.13 South Korea Jan 1.90 0.09 11.80 9.50 11.85 0.00 1.94 Feb 1.90 0.09 11.80 9.50 11.85 0.00 1.94 Selected Other Canada Jan 1.63 15.08 3.20 10.50 16.00 1.80 2.10 Feb 1.63 15.08 3.20 10.50 16.00 1.80 2.10 China Jan 206.04 288.84 23.00 225.00 306.00 0.02 211.86 Feb 206.04 288.84 23.00 225.00 306.00 0.02 211.86 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2024 WASDE - 645 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 187.81 513.10 54.48 517.62 56.90 183.28 World Less China 71.31 364.11 48.53 361.26 54.82 70.28 United States 1.39 6.07 1.20 4.74 2.65 1.26 Total Foreign 186.42 507.03 53.28 512.88 54.25 182.02 Major Exporters 4/ 47.32 197.74 1.76 158.55 43.91 44.36 Burma 1.31 12.40 0.00 10.50 2.34 0.88 India 37.00 129.47 0.00 110.45 22.03 34.00 Pakistan 1.89 9.32 0.01 3.70 4.82 2.70 Thailand 4.38 19.88 0.05 12.50 7.68 4.13 Vietnam 2.74 26.67 1.70 21.40 7.05 2.66 Major Importers 5/ 126.70 242.03 22.46 263.16 2.54 125.49 China 116.50 148.99 5.95 156.36 2.08 113.00 European Union 6/ 0.68 1.73 2.41 3.50 0.41 0.91 Indonesia 3.06 34.40 0.74 35.30 0.00 2.90 Nigeria 1.69 5.26 2.45 7.35 0.00 2.05 Philippines 2.36 12.54 3.60 15.40 0.00 3.10 Sel. Mideast 7/ 0.83 2.18 4.35 6.20 0.00 1.16 Selected Other Brazil 1.17 7.34 0.93 7.15 1.39 0.90 C. Amer & Carib 8/ 0.57 1.62 1.68 3.27 0.04 0.57 Egypt 1.16 2.90 0.61 4.05 0.01 0.61 Japan 1.94 7.64 0.69 8.20 0.12 1.95 Mexico 0.20 0.18 0.74 0.97 0.01 0.14 South Korea 1.02 3.88 0.44 3.95 0.05 1.33 2022/23 Est. Beginning Stocks Productio n Imports Total /2 Domestic Exports Ending Stocks World 3/ 183.28 512.96 55.07 519.89 54.28 176.35 World Less China 70.28 367.01 50.68 364.90 52.54 69.75 United States 1.26 5.08 1.27 4.61 2.04 0.96 Total Foreign 182.02 507.87 53.80 515.29 52.23 175.38 Major Exporters 4/ 44.36 200.90 1.86 162.21 42.55 42.37 Burma 0.88 11.80 0.01 10.20 1.58 0.91 India 34.00 135.76 0.00 114.51 20.25 35.00 Pakistan 2.70 5.50 0.01 3.60 3.76 0.84 Thailand 4.13 20.91 0.05 12.50 8.74 3.85 Vietnam 2.66 26.94 1.80 21.40 8.23 1.77 Major Importers 5/ 125.49 238.73 23.41 263.94 2.16 121.52 China 113.00 145.95 4.38 154.99 1.74 106.60 European Union 6/ 0.91 1.34 2.30 3.35 0.39 0.81 Indonesia 2.90 34.00 3.50 35.70 0.00 4.70 Nigeria 2.05 5.36 2.28 7.50 0.00 2.18 Philippines 3.10 12.63 3.75 16.00 0.00 3.48 Sel. Mideast 7/ 1.16 2.01 4.47 6.35 0.00 1.28 Selected Other Brazil 0.90 7.00 1.00 7.00 1.20 0.70 C. Amer & Carib 8/ 0.57 1.54 1.96 3.38 0.05 0.64 Egypt 0.61 3.60 0.39 4.00 0.01 0.60 Japan 1.95 7.48 0.66 8.20 0.12 1.77 Mexico 0.14 0.14 0.78 0.98 0.00 0.09 South Korea 1.33 3.76 0.26 3.95 0.06 1.35 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. February 2024 WASDE - 645 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Jan 175.81 513.54 49.69 522.10 51.50 167.25 Feb 176.35 513.74 49.23 522.90 51.62 167.18 World Less China Jan 69.21 368.92 46.99 372.18 49.50 65.25 Feb 69.75 369.12 47.13 372.98 49.62 65.78 United States Jan 0.96 6.93 1.33 5.14 2.70 1.38 Feb 0.96 6.93 1.37 5.14 2.76 1.35 Total Foreign Jan 174.85 506.61 48.35 516.96 48.80 165.87 Feb 175.38 506.80 47.87 517.75 48.85 165.83 Major Exporters 4/ Jan 42.31 199.95 1.46 165.60 38.60 39.51 Feb 42.37 199.95 1.51 165.60 38.70 39.53 Burma Jan 0.98 11.95 0.00 10.25 1.80 0.89 Feb 0.91 11.95 0.00 10.25 1.80 0.81 India Jan 35.00 132.00 0.00 118.00 16.00 33.00 Feb 35.00 132.00 0.00 118.00 16.00 33.00 Pakistan Jan 0.84 9.00 0.01 3.65 5.00 1.20 Feb 0.84 9.00 0.01 3.65 5.10 1.10 Thailand Jan 3.89 20.00 0.05 12.50 8.20 3.24 Feb 3.85 20.00 0.10 12.50 8.20 3.25 Vietnam Jan 1.60 27.00 1.40 21.20 7.60 1.20 Feb 1.77 27.00 1.40 21.20 7.60 1.37 Major Importers 5/ Jan 121.17 236.82 20.00 259.97 2.46 115.57 Feb 121.52 236.72 19.80 260.32 2.46 115.27 China Jan 106.60 144.62 2.70 149.92 2.00 102.00 Feb 106.60 144.62 2.10 149.92 2.00 101.40 European Union 6/ Jan 0.81 1.43 2.40 3.40 0.40 0.84 Feb 0.81 1.43 2.40 3.40 0.40 0.84 Indonesia Jan 4.40 33.50 2.50 35.80 0.00 4.60 Feb 4.70 33.50 2.90 36.00 0.00 5.10 Nigeria Jan 2.18 5.23 2.10 7.70 0.00 1.80 Feb 2.18 5.23 1.90 7.60 0.00 1.70 Philippines Jan 3.48 12.60 3.80 16.40 0.00 3.48 Feb 3.48 12.50 3.90 16.50 0.00 3.38 Sel. Mideast 7/ Jan 1.23 2.02 4.55 6.60 0.00 1.20 Feb 1.28 2.02 4.65 6.75 0.00 1.20 Selected Other Brazil Jan 0.70 7.48 0.90 7.00 1.30 0.78 Feb 0.70 7.48 0.90 7.00 1.30 0.78 C. Amer & Carib 8/ Jan 0.65 1.52 1.82 3.32 0.04 0.63 Feb 0.64 1.52 1.82 3.31 0.04 0.64 Egypt Jan 0.60 3.78 0.35 4.10 0.01 0.63 Feb 0.60 3.78 0.35 4.10 0.01 0.63 Japan Jan 1.77 7.30 0.69 8.06 0.12 1.57 Feb 1.77 7.30 0.69 8.06 0.12 1.57 Mexico Jan 0.08 0.15 0.83 0.98 0.01 0.07 Feb 0.09 0.15 0.83 0.98 0.01 0.08 South Korea Jan 1.35 3.70 0.46 3.93 0.10 1.48 Feb 1.35 3.70 0.46 3.93 0.10 1.48 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. February 2024 WASDE - 645 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2021/22 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 77.67 114.49 42.96 116.11 43.19 -0.60 76.42 World Less China 40.38 87.69 35.12 82.36 43.07 -0.60 38.36 United States 3.15 17.52 0.01 2.55 14.48 -0.40 4.05 Total Foreign 74.52 96.96 42.96 113.56 28.71 -0.20 72.37 Major Exporters 4/ 25.73 54.43 1.70 34.28 24.46 -0.20 23.32 Central Asia 5/ 3.07 5.03 0.06 4.24 1.47 0.00 2.46 Afr. Fr. Zone 6/ 1.68 5.98 3/ 0.10 6.43 -0.01 1.14 S. Hemis. 7/ 8.77 18.71 0.19 4.38 12.47 -0.19 11.00 Australia 2.51 5.85 3/ 0.01 3.58 -0.19 4.96 Brazil 4.07 10.82 0.02 3.30 7.73 0.00 3.88 India 11.84 24.30 1.00 25.00 3.74 0.00 8.40 Major Importers 8/ 46.49 39.65 38.94 75.47 2.94 0.00 46.67 Mexico 0.44 1.22 0.96 1.90 0.40 0.00 0.32 China 37.29 26.80 7.84 33.75 0.12 0.00 38.06 European Union 9/ 0.37 1.67 0.64 0.62 1.77 0.00 0.30 Turkey 1.76 3.80 5.52 8.60 0.57 0.00 1.92 Pakistan 2.18 6.00 4.50 10.70 0.05 0.00 1.93 Indonesia 0.50 3/ 2.58 2.60 0.01 0.00 0.46 Thailand 0.13 3/ 0.75 0.74 0.00 0.00 0.15 Bangladesh 2.48 0.15 8.45 8.80 0.00 0.00 2.28 Vietnam 1.09 3/ 6.63 6.70 0.00 0.00 1.02 2022/23 Est. Beginning Stocks Productio n Imports Domestic Use Exports Loss /2 Ending Stocks World 76.42 116.26 37.69 111.16 36.96 -0.72 82.97 World Less China 38.36 85.56 31.46 73.66 36.87 -0.72 45.56 United States 4.05 14.47 3/ 2.05 12.77 -0.55 4.25 Total Foreign 72.37 101.79 37.69 109.11 24.20 -0.18 78.72 Major Exporters 4/ 23.32 55.83 2.40 31.94 19.92 -0.19 29.89 Central Asia 5/ 2.46 5.64 0.03 3.56 1.12 0.00 3.44 Afr. Fr. Zone 6/ 1.14 4.02 3/ 0.10 3.88 0.00 1.19 S. Hemis. 7/ 11.00 19.32 0.14 4.21 13.37 -0.19 13.08 Australia 4.96 5.80 3/ 0.01 6.17 -0.19 4.77 Brazil 3.88 11.72 0.01 3.20 6.66 0.00 5.76 India 8.40 26.30 1.73 23.50 1.10 0.00 11.82 Major Importers 8/ 46.67 42.88 32.86 73.52 3.01 0.02 45.87 Mexico 0.32 1.58 0.69 1.75 0.41 0.00 0.43 China 38.06 30.70 6.23 37.50 0.09 0.00 37.40 European Union 9/ 0.30 1.64 0.52 0.55 1.52 0.00 0.39 Turkey 1.92 4.90 4.19 7.50 0.86 0.02 2.63 Pakistan 1.93 3.90 4.50 8.70 0.10 0.00 1.53 Indonesia 0.46 3/ 1.66 1.75 0.02 0.00 0.36 Thailand 0.15 3/ 0.66 0.68 0.00 0.00 0.14 Bangladesh 2.28 0.15 7.00 7.70 0.00 0.00 1.73 Vietnam 1.02 3/ 6.47 6.45 0.00 0.00 1.05 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on suppl y less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regi ons listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. February 2024 WASDE - 645 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2023/24 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Jan 83.22 113.18 43.05 112.43 43.05 -0.41 84.38 Feb 82.97 112.82 42.88 112.46 42.87 -0.36 83.70 World Less China Jan 45.81 85.68 31.55 75.93 42.96 -0.41 44.57 Feb 45.56 85.32 30.88 75.46 42.82 -0.36 43.84 United States Jan 4.25 12.43 0.01 1.90 12.10 -0.21 2.90 Feb 4.25 12.43 0.01 1.75 12.30 -0.16 2.80 filler filler filler filler filler filler filler Total Foreign Jan 78.97 100.75 43.05 110.53 30.95 -0.20 81.48 Feb 78.72 100.39 42.87 110.71 30.57 -0.20 80.90 Major Exporters 4/ Jan 30.14 57.73 2.04 32.82 26.52 -0.20 30.78 Feb 29.89 57.45 1.74 32.82 26.07 -0.20 30.39 Central Asia 5/ Jan 3.46 5.18 0.08 3.99 1.38 0.00 3.35 Feb 3.44 5.18 0.08 3.99 1.38 0.00 3.34 Afr. Fr. Zone 6/ Jan 1.19 4.92 3/ 0.10 4.58 0.00 1.43 Feb 1.19 4.93 3/ 0.10 4.63 0.00 1.39 S. Hemis. 7/ Jan 13.32 22.16 0.17 4.36 18.64 -0.20 12.84 Feb 13.08 21.86 0.17 4.36 18.14 -0.20 12.81 Australia Jan 4.77 5.10 3/ 0.01 5.75 -0.20 4.31 Feb 4.77 4.80 3/ 0.01 5.65 -0.20 4.11 filler filler filler filler filler filler filler Brazil Jan 5.76 14.56 0.02 3.30 11.50 0.00 5.54 Feb 5.76 14.56 0.02 3.30 11.20 0.00 5.84 India Jan 11.82 25.00 1.30 23.70 1.60 0.00 12.82 Feb 11.82 25.00 1.00 23.70 1.60 0.00 12.52 Major Importers 8/ Jan 45.87 39.54 38.47 73.80 2.62 0.00 47.45 Feb 45.87 39.54 38.60 74.04 2.68 0.00 47.29 Mexico Jan 0.43 0.93 0.75 1.55 0.25 0.00 0.30 Feb 0.43 0.93 0.70 1.50 0.25 0.00 0.30 China Jan 37.40 27.50 11.50 36.50 0.09 0.00 39.81 Feb 37.40 27.50 12.00 37.00 0.05 0.00 39.85 European Union 9/ Jan 0.39 1.05 0.58 0.60 1.13 0.00 0.29 Feb 0.39 1.05 0.56 0.59 1.13 0.00 0.29 Turkey Jan 2.63 3.20 4.10 7.40 1.05 0.00 1.48 Feb 2.63 3.20 4.00 7.20 1.15 0.00 1.48 Pakistan Jan 1.53 6.70 3.80 9.80 0.08 0.00 2.15 Feb 1.53 6.70 3.60 9.80 0.08 0.00 1.95 Indonesia Jan 0.36 3/ 2.00 1.90 0.02 0.00 0.45 Feb 0.36 3/ 2.00 1.90 0.02 0.00 0.45 Thailand Jan 0.14 3/ 0.63 0.63 0.00 0.00 0.14 Feb 0.14 3/ 0.53 0.53 0.00 0.00 0.14 Bangladesh Jan 1.73 0.16 7.50 7.80 0.00 0.00 1.59 Feb 1.73 0.16 7.50 7.80 0.00 0.00 1.59 Vietnam Jan 1.05 3/ 6.70 6.70 0.00 0.00 1.05 Feb 1.05 3/ 6.80 6.80 0.00 0.00 1.05 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on suppl y less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso , Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. February 2024 WASDE - 645 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 100.27 360.41 155.51 314.50 363.94 154.22 98.03 World Less China 69.41 344.02 65.01 226.60 255.54 154.12 68.78 United States 6.99 121.50 0.43 59.98 62.89 58.57 7.47 Total Foreign 93.27 238.91 155.08 254.52 301.05 95.65 90.56 Major Exporters 3/ 55.39 181.82 4.43 91.83 102.47 87.25 51.93 Argentina 25.06 43.90 3.84 38.83 46.04 2.86 23.90 Brazil 29.58 130.50 0.54 50.71 53.96 79.06 27.60 Paraguay 0.48 4.18 0.04 2.20 2.25 2.27 0.18 Major Importers 4/ 34.24 20.29 122.72 116.74 144.72 0.42 32.11 China 30.86 16.40 90.50 87.90 108.40 0.10 29.25 European Union 1.56 2.83 14.54 15.40 16.97 0.29 1.68 Southeast Asia 5/ 1.19 0.53 8.26 4.45 9.33 0.02 0.64 Mexico 0.46 0.29 5.96 6.35 6.40 0.00 0.30 2022/23 Est. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 98.03 378.06 164.38 314.21 364.94 171.96 103.57 World Less China 68.78 357.77 63.53 219.21 248.44 171.87 69.78 United States 7.47 116.22 0.67 60.20 62.96 54.21 7.19 Total Foreign 90.56 261.84 163.71 254.01 301.98 117.75 96.38 Major Exporters 3/ 51.93 197.75 9.26 86.91 97.18 106.99 54.78 Argentina 23.90 25.00 9.06 30.32 36.57 4.19 17.21 Brazil 27.60 162.00 0.15 53.10 56.90 95.51 37.35 Paraguay 0.18 10.05 0.01 3.45 3.58 6.50 0.17 Major Importers 4/ 32.11 23.74 131.98 122.47 151.41 0.33 36.08 China 29.25 20.28 100.85 95.00 116.50 0.09 33.79 European Union 1.68 2.55 13.11 14.30 15.88 0.23 1.22 Southeast Asia 5/ 0.64 0.49 8.25 3.92 8.70 0.01 0.67 Mexico 0.30 0.18 6.44 6.65 6.70 0.00 0.22 2023/24 Proj. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ Jan 101.87 398.98 168.35 329.40 383.66 170.94 114.60 Feb 103.57 398.21 167.85 329.29 383.03 170.57 116.03 World Less China Jan 68.08 378.14 66.35 231.40 263.16 170.84 78.57 Feb 69.78 377.37 65.85 231.29 262.53 170.47 80.00 United States Jan 7.19 113.34 0.82 62.60 65.97 47.76 7.62 Feb 7.19 113.34 0.82 62.60 65.97 46.81 8.57 Total Foreign Jan 94.68 285.63 167.53 266.80 317.69 123.18 106.98 Feb 96.38 284.87 167.03 266.70 317.06 123.76 107.46 Major Exporters 3/ Jan 52.82 220.20 6.58 92.85 104.14 112.80 62.67 Feb 54.78 219.20 6.58 92.85 104.14 113.30 63.12 Argentina Jan 17.21 50.00 6.10 35.50 42.75 4.60 25.96 Feb 17.21 50.00 6.10 35.50 42.75 4.60 25.96 Brazil Jan 35.35 157.00 0.45 53.75 57.50 99.50 35.80 Feb 37.35 156.00 0.45 53.75 57.50 100.00 36.30 Paraguay Jan 0.21 10.30 0.02 3.50 3.65 6.30 0.58 Feb 0.17 10.30 0.02 3.50 3.65 6.30 0.54 Major Importers 4/ Jan 36.23 24.76 135.84 127.23 157.69 0.42 38.73 Feb 36.08 24.76 135.34 126.63 157.04 0.42 38.72 China Jan 33.79 20.84 102.00 98.00 120.50 0.10 36.03 Feb 33.79 20.84 102.00 98.00 120.50 0.10 36.03 European Union Jan 1.32 3.06 13.80 15.00 16.59 0.30 1.29 Feb 1.22 3.06 13.80 14.90 16.49 0.30 1.29 Southeast Asia 5/ Jan 0.73 0.47 10.14 5.13 10.36 0.02 0.96 Feb 0.67 0.47 9.64 4.63 9.81 0.02 0.95 Mexico Jan 0.22 0.14 6.40 6.48 6.54 0.00 0.22 Feb 0.22 0.14 6.40 6.48 6.54 0.00 0.22 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and impo rts. Therefore, world supply may not equal world use. 3/ Includes Uruguay 4/ Includes Japan 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. February 2024 WASDE - 645 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 16.13 246.75 67.15 244.64 68.83 16.57 World Less China 15.35 177.14 67.10 175.01 68.34 16.23 United States 0.31 47.01 0.59 35.34 12.28 0.28 Total Foreign 15.82 199.75 66.56 209.30 56.54 16.29 Major Exporters 3/ 6.95 76.39 0.79 29.30 47.74 7.10 Argentina 2.29 30.29 0.14 3.33 26.59 2.80 Brazil 4.47 39.31 0.01 19.70 20.21 3.88 India 0.19 6.80 0.65 6.27 0.94 0.42 Major Importers 4/ 2.00 22.60 38.39 59.60 1.12 2.28 European Union 0.56 12.17 16.54 27.84 0.76 0.66 Mexico 0.20 5.02 1.83 6.88 0.02 0.15 Southeast Asia 5/ 1.18 3.47 18.33 21.28 0.33 1.37 China 0.78 69.62 0.06 69.63 0.48 0.34 2022/23 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 16.57 247.05 62.66 245.43 67.22 13.64 World Less China 16.23 171.81 62.62 171.48 66.42 12.76 United States 0.28 47.62 0.57 34.84 13.30 0.34 Total Foreign 16.29 199.43 62.09 210.59 53.92 13.30 Major Exporters 3/ 7.10 73.03 0.10 30.35 43.96 5.92 Argentina 2.80 23.65 0.07 3.40 20.75 2.36 Brazil 3.88 41.14 0.01 20.30 21.34 3.39 India 0.42 8.24 0.03 6.65 1.87 0.17 Major Importers 4/ 2.28 21.57 36.54 57.84 0.98 1.57 European Union 0.66 11.30 16.01 26.79 0.74 0.44 Mexico 0.15 5.26 1.67 6.93 0.00 0.15 Southeast Asia 5/ 1.37 3.05 17.32 20.57 0.24 0.94 China 0.34 75.24 0.04 73.95 0.80 0.88 2023/24 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Jan 13.70 258.59 66.70 253.73 69.84 15.42 Feb 13.64 258.52 66.77 253.72 70.05 15.15 World Less China Jan 12.82 180.98 66.65 176.98 68.84 14.62 Feb 12.76 180.90 66.72 176.97 69.05 14.36 United States Jan 0.34 49.13 0.54 35.77 13.88 0.36 Feb 0.34 49.13 0.54 35.77 13.88 0.36 Total Foreign Jan 13.36 209.46 66.15 217.97 55.96 15.05 Feb 13.30 209.39 66.22 217.96 56.17 14.79 Major Exporters 3/ Jan 5.92 77.35 0.07 31.15 45.90 6.29 Feb 5.92 77.75 0.07 31.33 46.10 6.31 Argentina Jan 2.36 27.69 0.01 3.48 24.40 2.19 Feb 2.36 27.69 0.01 3.48 24.40 2.19 Brazil Jan 3.39 41.66 0.01 20.70 20.50 3.86 Feb 3.39 41.66 0.01 20.70 20.50 3.86 India Jan 0.17 8.00 0.05 6.98 1.00 0.25 Feb 0.17 8.40 0.05 7.16 1.20 0.27 Major Importers 4/ Jan 1.73 22.95 37.85 59.20 1.01 2.32 Feb 1.57 22.48 37.95 58.99 1.01 2.00 European Union Jan 0.45 11.85 15.80 26.89 0.70 0.51 Feb 0.44 11.77 15.80 26.84 0.70 0.46 Mexico Jan 0.15 5.12 2.05 7.13 0.00 0.19 Feb 0.15 5.12 2.05 7.13 0.00 0.19 Southeast Asia 5/ Jan 1.09 4.00 18.40 21.63 0.31 1.56 Feb 0.94 3.61 18.50 21.46 0.31 1.29 China Jan 0.88 77.62 0.05 76.75 1.00 0.79 Feb 0.88 77.62 0.05 76.75 1.00 0.79 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ Includes Japan. 5/ Indonesia, Malaysi a, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. February 2024 WASDE - 645 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 5.53 59.27 11.54 59.22 12.32 4.79 World Less China 4.41 43.52 11.25 42.52 12.21 4.44 United States 0.97 11.86 0.14 11.26 0.80 0.90 Total Foreign 4.56 47.41 11.40 47.96 11.52 3.89 Major Exporters 3/ 1.25 20.77 0.59 12.49 8.62 1.50 Argentina 0.30 7.66 0.09 2.66 4.87 0.52 Brazil 0.47 9.76 0.03 7.45 2.41 0.41 European Union 0.44 2.93 0.46 2.31 0.97 0.55 Major Importers 4/ 1.78 18.90 6.64 26.16 0.28 0.89 China 1.12 15.75 0.29 16.70 0.11 0.35 India 0.27 1.53 4.23 5.83 0.02 0.19 North Africa 5/ 0.37 1.19 1.42 2.53 0.13 0.32 2022/23 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 4.79 59.18 10.66 58.05 11.64 4.94 World Less China 4.44 42.16 10.25 41.30 11.53 4.02 United States 0.90 11.90 0.17 12.07 0.17 0.73 Total Foreign 3.89 47.28 10.49 45.98 11.47 4.21 Major Exporters 3/ 1.50 19.59 0.65 12.15 8.27 1.32 Argentina 0.52 5.99 0.00 2.05 4.14 0.33 Brazil 0.41 10.23 0.03 7.68 2.69 0.30 European Union 0.55 2.72 0.62 2.36 0.92 0.61 Major Importers 4/ 0.89 20.01 6.35 25.27 0.21 1.77 China 0.35 17.02 0.41 16.75 0.12 0.92 India 0.19 1.85 3.97 5.40 0.01 0.60 North Africa 5/ 0.32 0.86 1.29 2.16 0.08 0.24 2023/24 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Jan 4.96 61.91 10.77 60.78 11.53 5.34 Feb 4.94 61.89 10.75 60.72 11.52 5.34 World Less China Jan 4.04 44.35 10.37 43.08 11.33 4.36 Feb 4.02 44.33 10.35 43.02 11.32 4.35 United States Jan 0.73 12.26 0.20 12.34 0.14 0.72 Feb 0.73 12.26 0.20 12.34 0.14 0.72 Total Foreign Jan 4.23 49.65 10.57 48.44 11.39 4.63 Feb 4.21 49.63 10.54 48.39 11.38 4.62 Major Exporters 3/ Jan 1.31 20.88 0.43 13.25 8.10 1.26 Feb 1.32 20.86 0.43 13.25 8.10 1.25 Argentina Jan 0.33 7.01 0.00 2.25 4.75 0.34 Feb 0.33 7.01 0.00 2.25 4.75 0.34 Brazil Jan 0.30 10.35 0.03 8.43 1.85 0.40 Feb 0.30 10.35 0.03 8.43 1.85 0.40 European Union Jan 0.62 2.85 0.40 2.51 0.90 0.46 Feb 0.61 2.83 0.40 2.51 0.90 0.44 Major Importers 4/ Jan 1.77 20.70 5.87 26.13 0.28 1.93 Feb 1.77 20.79 5.87 26.18 0.28 1.97 China Jan 0.92 17.56 0.40 17.70 0.20 0.98 Feb 0.92 17.56 0.40 17.70 0.20 0.98 India Jan 0.60 1.80 3.30 5.10 0.02 0.58 Feb 0.60 1.89 3.30 5.15 0.02 0.62 North Africa 5/ Jan 0.24 1.01 1.44 2.34 0.05 0.30 Feb 0.24 1.01 1.44 2.34 0.05 0.30 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Includes Paraguay 4/ Includes Bangladesh 5/ Algeria, Egypt, Morocco, a nd Tunisia. Totals may not add due to rounding. February 2024 WASDE - 645 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2022 Annual 28,291 26,996 55,471 46,206 5,222 51,997 107,469 9,074 226.4 2023 I 6,821 7,071 13,937 11,549 1,348 13,039 26,976 2,209 56.9 II 6,710 6,593 13,348 11,545 1,410 13,105 26,453 2,287 58.1 III 6,621 6,488 13,151 11,679 1,354 13,183 26,334 2,327 56.1 IV 6,812 7,149 14,006 11,610 1,342 13,089 27,095 2,363 55.6 Annual Jan Est. 26,967 27,302 54,447 46,423 5,462 52,467 106,914 9,189 226.6 Feb Est. 26,963 27,301 54,442 46,383 5,455 52,416 106,858 9,187 226.6 2024 I* 6,720 7,130 13,895 11,550 1,310 13,000 26,895 2,270 57.2 II* 6,540 6,625 13,210 11,675 1,325 13,145 26,355 2,300 58.2 III* 6,495 6,765 13,305 11,850 1,360 13,355 26,660 2,345 56.6 IV* 6,430 7,360 13,837 11,700 1,400 13,240 27,077 2,390 56.2 Annual Jan Proj. 26,110 27,970 54,262 46,675 5,470 52,710 106,972 9,325 228.3 Feb Proj. 26,185 27,880 54,246 46,775 5,395 52,740 106,986 9,305 228.2 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2022 Annual 144.40 71.21 140.5 154.5 282.4 25.34 2023 I 160.92 54.83 124.5 170.8 315.9 21.93 II 179.02 56.69 139.3 156.2 135.8 19.30 III 184.27 69.27 115.3 132.5 135.8 19.37 IV 177.93 53.58 118.5 100.8 182.2 21.30 Annual Jan Est. 175.54 58.59 124.4 140.1 192.4 20.60 Feb Est. 175.54 58.59 124.4 140.1 192.4 20.48 2024 I* 176.00 55.00 128.0 93.0 260.0 20.35 II* 180.00 62.00 131.0 105.0 160.0 20.80 III* 180.00 66.00 125.0 115.0 145.0 20.80 IV* 184.00 56.00 125.0 116.0 165.0 21.90 Annual Jan Proj. 178.0 58.0 126.0 111.0 165.0 20.00 Feb Proj. 180.0 60.0 127.0 107.0 183.0 20.95 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51-52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. February 2024 WASDE - 645 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2022 676 28,359 3,390 32,425 3,544 723 28,157 59.1 2023 Est. Jan 723 27,035 3,708 31,467 3,015 630 27,822 58.1 Feb 723 27,032 3,727 31,483 3,038 644 27,801 58.0 2024 Proj. Jan 630 26,178 3,770 30,578 2,785 600 27,193 56.5 Feb 644 26,253 4,125 31,022 2,785 615 27,622 57.4 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2022 446 27,011 1,344 28,800 6,345 504 21,951 51.1 2023 Est. Jan 504 27,317 1,169 28,990 6,769 450 21,772 50.4 Feb 504 27,316 1,143 28,963 6,818 471 21,674 50.2 2024 Proj. Jan 450 27,985 1,215 29,650 6,870 450 22,330 51.4 Feb 471 27,895 1,195 29,561 7,080 475 22,006 50.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2022 1,147 55,564 5,092 61,804 9,895 1,256 50,653 111.6 2023 Est. Jan 1,256 54,540 5,163 60,959 9,789 1,109 50,062 109.7 Feb 1,256 54,535 5,154 60,945 9,861 1,136 49,948 109.5 2024 Proj. Jan 1,109 54,355 5,310 60,773 9,661 1,077 50,036 109.2 Feb 1,136 54,339 5,625 61,100 9,870 1,116 50,114 109.3 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2022 705 45,711 176 46,593 7,290 892 38,411 98.9 2023 Est. Jan 892 45,926 130 46,948 7,255 850 38,844 99.5 Feb 892 45,886 131 46,910 7,265 845 38,800 99.4 2024 Proj. Jan 850 46,176 180 47,206 7,275 860 39,071 99.6 Feb 845 46,275 215 47,334 7,215 860 39,259 100.1 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2022 166 5,222 85 5,473 407 190 4,877 14.6 2023 Est. Jan 190 5,462 43 5,695 490 195 5,010 14.9 Feb 190 5,455 43 5,687 489 244 4,954 14.8 2024 Proj. Jan 195 5,470 64 5,729 500 195 5,034 14.9 Feb 244 5,395 64 5,703 515 195 4,993 14.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2022 874 51,502 268 52,645 7,716 1,087 43,841 115.2 2023 Est. Jan 1,087 51,970 177 53,234 7,765 1,052 44,417 116.1 Feb 1,087 51,920 178 53,185 7,774 1,096 44,315 115.9 2024 Proj. Jan 1,052 52,210 250 53,512 7,793 1,061 44,658 116.1 Feb 1,096 52,239 285 53,620 7,748 1,061 44,811 116.6 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2022 2,021 107,067 5,361 114,449 17,611 2,343 94,494 226.8 2023 Est. Jan 2,343 106,510 5,340 114,193 17,554 2,161 94,479 225.8 Feb 2,343 106,455 5,332 114,130 17,635 2,232 94,263 225.3 2024 Proj. Jan 2,161 106,565 5,560 114,285 17,454 2,138 94,694 225.3 Feb 2,232 106,578 5,910 114,720 17,618 2,177 94,925 225.9 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. February 2024 WASDE - 645 - 33 U.S. Egg Supply and Use Commodity 2021 2022 2023 Est. 2023 Est. 2024 Proj. 2024 Proj. Jan Feb Jan Feb Eggs Million Dozen Supply Beginning Stocks 24.5 19.1 18.8 18.8 23.0 23.1 Production 9,297.9 9,073.8 9,188.8 9,186.5 9,325.0 9,305.0 Imports 18.2 26.0 27.7 27.6 26.0 26.0 Total Supply 9,340.6 9,118.9 9,235.2 9,232.8 9,374.0 9,354.1 Use Exports 392.1 226.5 246.0 250.4 241.0 241.0 Hatching Use 1,103.9 1,116.4 1,106.7 1,111.8 1,120.0 1,125.0 Ending Stocks 19.1 18.8 23.0 23.1 22.0 22.0 Disappearance Total 7,825.4 7,757.2 7,859.6 7,847.6 7,991.0 7,966.1 Per Capita (number) 282.5 279.0 281.3 280.9 284.4 283.7 Total U.S. Milk Supply and Use Commodity 2021 2022 2023 Est. 2023 Est. 2024 Proj. 2024 Proj. Jan Feb Jan Feb Milk Billion Pounds Production 226.2 226.4 226.6 226.6 228.3 228.2 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beginning Stocks 15.6 14.3 14.4 14.4 14.4 13.8 Marketings 225.2 225.4 225.6 225.6 227.3 227.2 Imports 6.5 7.1 7.5 7.4 7.5 7.4 Total Supply 247.4 246.8 247.5 247.3 249.2 248.3 Fat Basis Use Exports 11.5 13.4 10.6 10.6 11.6 11.7 Ending Stocks 14.3 14.4 14.4 13.8 14.0 12.0 Domestic Use 221.5 219.1 222.5 223.0 223.7 224.7 Skim -solid Basis Supply Beginning Stocks 10.9 11.1 11.7 11.7 10.6 9.9 Marketings 225.2 225.4 225.6 225.6 227.3 227.2 Imports 5.8 6.7 6.3 6.3 6.4 6.4 Total Supply 241.9 243.2 243.6 243.5 244.3 243.5 Skim -solid Basis Use Exports 50.6 52.9 50.0 49.9 53.2 51.9 Ending Stocks 11.1 11.7 10.6 9.9 10.8 9.5 Domestic Use 180.1 178.7 183.0 183.7 180.3 182.0 Total Note: Totals may not add due to rounding. February 2024 WASDE - 645 - 34 U.S. Dairy Prices Commodity 2021 2022 2023 Est. 2023 Est. 2024 Proj. 2024 Proj. Jan Feb Jan Feb Product Prices 1/ Dollars Per Pound Cheese 1.6755 2.1122 1.7593 1.7593 1.620 1.690 Butter 1.7325 2.8665 2.6170 2.6170 2.665 2.770 Nonfat Dry Milk 1.2693 1.6851 1.1856 1.1856 1.190 1.235 Dry Whey 0.5744 0.6057 0.3618 0.3618 0.430 0.480 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 17.08 21.96 17.02 17.02 16.10 17.10 Class IV 16.09 24.47 19.12 19.12 19.35 20.20 All Milk 3/ 18.53 25.34 20.60 20.48 20.00 20.95 All prices are January -December averages. 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation. February 2024 WASDE - 645 - 35 Reliability of February Projections 1/ Note: Tables on pages 35 -37 present a record of the February projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0.6 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 0. 9 percent. The average difference between the February projection and the final estimate is 2.5 million tons, ranging from 0 million to 7.3 million tons. The February projection has been below the estimate 32 times and above 10 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 0.6 0.9 2.5 0.0 7.3 32 10 U.S. 0.2 0.3 0.1 0.0 0.3 19 11 Foreign 0.6 1.1 2.5 0.0 7.3 32 10 Exports World 4.6 7.8 5.0 0.1 18.8 31 11 U.S. 3.9 6.6 1.0 0.0 3.0 20 21 Foreign 5.6 9.4 4.8 0.5 18.4 35 7 Domestic Use World 1.0 1.8 4.9 0.1 15.6 20 22 U.S. 3.7 6.3 0.9 0.0 2.4 13 28 Foreign 1.1 1.8 4.7 0.1 15.1 24 18 Ending Stocks World 4.5 7.6 6.0 0.1 18.2 28 14 U.S. 8.1 13.7 1.3 0.0 4.5 30 12 Foreign 5.0 8.4 5.3 0.2 17.0 26 16 COARSE GRAINS 2/ Production World 1.3 2.2 11.1 0.0 36.3 34 8 U.S. 0.2 0.3 0.2 0.0 1.8 18 11 Foreign 1.8 3.1 11.2 0.0 36.3 32 9 Exports World 5.7 9.5 5.6 0.5 27.7 31 11 U.S. 10.4 17.5 4.1 0.1 12.2 22 20 Foreign 9.4 15.8 5.8 0.1 23.4 29 13 Domestic Use World 1.1 1.8 7.7 0.0 31.3 22 20 U.S. 2.8 4.7 3.9 0.0 17.3 16 25 Foreign 1.3 2.1 7.9 0.5 33.0 26 16 Ending Stocks World 10.5 17.7 14.3 0.2 139.8 37 5 U.S. 13.8 23.3 5.0 0.0 18.5 22 20 Foreign 13.0 21.9 12.3 0.8 144.0 37 5 RICE, milled Production World 1.5 2.6 4.5 0.1 14.0 33 9 U.S. 1.4 2.4 0.0 0.0 0.3 12 6 Foreign 1.6 2.6 4.5 0.1 14.0 33 9 Exports World 8.3 14.0 1.7 0.0 5.2 31 11 U.S. 7.4 12.4 0.2 0.0 0.6 21 19 Foreign 9.2 15.6 1.6 0.0 5.3 30 12 Domestic Use World 1.3 2.1 3.5 0.2 13.3 27 15 U.S. 7.0 11.8 0.2 0.0 0.5 18 24 Foreign 1.3 2.1 3.4 0.1 13.0 27 15 Ending Stocks World 8.9 14.9 5.2 0.2 27.0 33 9 U.S. 18.4 30.9 0.2 0.0 0.5 22 19 Foreign 9.1 15.3 5.1 0.0 26.9 33 8 1/ Footnotes at end of table. CONTINUED February 2024 WASDE - 645 - 36 Reliability of February Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 2.7 4.5 4.6 0.4 15.3 23 19 U.S. 1.3 2.3 0.7 0.0 3.2 18 18 Foreign 4.5 7.6 4.6 0.3 14.9 25 17 Exports World 6.1 10.2 3.3 0.1 13.2 27 15 U.S. 7.1 11.9 1.8 0.1 6.7 28 14 Foreign 15.0 25.3 3.1 0.0 17.2 20 22 Domestic Use World 2.2 3.7 3.5 0.0 12.3 21 21 U.S. 3.0 5.0 1.1 0.0 3.0 27 15 Foreign 2.7 4.5 3.1 0.0 12.5 21 21 Ending Stocks World 13.7 23.1 4.1 0.0 19.3 24 18 U.S. 39.9 67.1 2.0 0.1 6.9 14 28 Foreign 15.0 25.3 3.8 0.2 19.1 27 15 COTTON Million 480 -Pound Bales Production World 2.4 4.0 1.8 0.0 5.4 30 12 U.S. 1.1 1.8 0.1 0.0 0.3 14 27 Foreign 2.8 4.8 1.8 0.1 5.7 30 12 Exports World 5.9 10.0 1.6 0.0 7.9 25 17 U.S. 9.8 16.4 0.7 0.0 2.2 23 18 Foreign 7.7 13.0 1.4 0.1 7.2 24 18 Domestic Use World 3.5 5.9 2.3 0.3 17.0 22 20 U.S. 7.5 12.7 0.2 0.0 0.9 22 17 Foreign 3.5 5.9 2.2 0.3 16.1 23 19 Ending Stocks World 9.5 16.0 3.9 0.0 17.5 25 16 U.S. 20.9 35.2 0.8 0.0 2.1 14 28 Foreign 10.2 17.2 3.7 0.1 15.6 27 15 1/ Marketing years 1981/82 through 2022/23 for grains, soybeans (U.S. only), and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2021/22, and for 2022/23 the last mon th’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. February 2024 WASDE - 645 - 37 Reliability of United States February Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 0.2 0.3 7 0 72 2 6 Exports 11.0 18.5 148 9 388 20 22 Domestic Use 2.7 4.6 133 6 474 18 24 Ending Stocks 15.6 26.3 199 8 838 24 18 SORGHUM Production 0.1 0.2 0 0 4 0 2 Exports 16.2 27.2 27 0 97 26 14 Domestic Use 15.9 26.8 30 1 178 18 24 Ending Stocks 40.8 68.7 22 1 148 14 28 BARLEY Production 0.9 1.6 1 0 11 21 4 Exports 32.4 54.6 6 0 35 14 23 Domestic Use 7.3 12.3 15 0 70 20 20 Ending Stocks 13.6 22.9 12 0 52 25 16 OATS Production 0.4 0.7 0 0 2 5 4 Exports 48.5 81.7 1 0 3 9 8 Domestic Use 5.1 8.6 10 0 36 15 26 Ending Stocks 16.2 27.3 11 1 47 25 17 SOYBEAN MEAL Thousand Short Tons Production 2.9 4.9 854 35 3,117 29 13 Exports 9.2 15.4 639 1 2,626 31 11 Domestic Use 2.6 4.3 594 7 2,066 25 17 Ending Stocks 33.9 57.1 65 0 253 17 23 SOYBEAN OIL Million Pounds Production 2.8 4.7 390 7 1,242 27 15 Exports 26.9 45.2 317 25 1,027 23 19 Domestic Use 2.9 5.0 384 0 1,261 26 15 Ending Stocks 19.2 32.4 284 25 1,131 24 18 ANIMAL PROD. Million Pounds Beef 2.8 4.7 579 9 1,613 27 14 Pork 2.9 4.9 392 10 1,717 23 18 Broilers 1.6 2.7 375 0 1,225 25 15 Turkeys 3.0 5.0 126 2 465 19 22 Million Dozen Eggs 2.0 3.3 111 4 525 23 18 Billion Pounds Milk 1.3 2.2 1.6 0.1 5.7 21 20 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2022/23 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate followin g the marketing year for 1981/82 through 2022/23. Calendar years 1982 through 2022 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2022. WASDE- 645-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. IPAD is located at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 One week until AOF 2024! Register Today For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ Click to receive WASDE -related notifications b y email Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at [email protected] World Agricultural Supply and Demand Estimates WASDE -645 – February 8, 2024 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 599 Approved by the World Agricultura l Outlook Board April 9, 2020 WHEAT: The outlook for 2019/20 U.S. wheat is for lower exports, reduced domestic use, and increased ending stocks. The NASS Grain Stocks report, issued March 31, implied less fe ed and residual disappearance for both the second and third quarters than previously estimated. Total 2019/20 feed and residual use is trimmed 15 million bushels to 135 million. Wheat exports are also cut 15 million bushels to 985 million on a slowing pace and prices that have become uncompetitive in many international import markets . By class, Hard Red Winter and Soft Red Winter are reduced 10 million and 5 million bushels, respectively. The changes result in a 30 million bushel increase in estimated all wheat ending stocks to 970 million. Despite the larger ending stocks, the projected season -average farm price is raised $0.05 per bushel to $4.60 on updated NASS data as well as surging nearby cash and futures prices , partially resulting from the global COVID- 19 pandemic . The 2019/20 global outlook is for slightly higher supplies, but reduced trade and utilization. Global production is lowered fractionally with several small mostly offsetting changes. Global exports are lowered 0.9 million tons , led by a 1.5- million -ton reduction for Russia, which was directly offset by an equivalent increase for the EU. The Russia change is based primarily on newly imposed government export restrictions. The EU is raised on less competition from Russia as well as expectations of a continued strong pace of exports. Several smaller export reductions are made ; notably a 0.4 -million -ton reduction for the United States and a 0.3- million -ton reduction for Pakistan. G lobal imports are reduced 0.3 million tons each for Brazil , Japan, and Uzbekistan; a 0.3 -million - ton increase for Morocco is partially offsetting. Aggregate world consumption is lowered 5.1 million tons following updates to several countries. The largest reductions are 2.0 million ton s for China, 1.9 million for India, and 1.0 million for the EU. With supplies higher and use down, projected 2019/20 global ending stocks are raised 5.6 million tons to a record high 292.8 million . COARSE GRAINS: This month’s 20 19/20 U.S. corn outlook is for reduced impor ts, greater feed and residual use, lower food, seed, and industrial use, and larger stocks. Feed and residual use is raised 150 million bushels to 5. 675 billion . This is based on corn stocks reported as of March 1 which indicated disappearance during the December - February quarter rose about 4 percent relative to a year ago. L ower forecast corn used for ethanol also supports larger feed and residual use. Corn used to produce ethanol is lowered 375 million bushels to 5. 050 billion based on the latest indications from Energy Information Administration data indicating an unprecedented decline in ethanol production and motor gasoline consumption as a result of C OVID -19. Partly offsetting is a forecast increase in the amount of corn used for alcohol for beverages and WASDE- 599-2 manufacturing use. With supply down fractionally and use declining, ending stocks are raised 200 million bushels to 2. 092 billion. The season- average marketing weighted corn price received by producers is lowered 20 cents to $3. 60 per bushel. The global coarse grain production forecast for 2019 /20 is up 1.0 million tons to 1,403 .8 million. This month’s foreign coarse grain outlook is for larger production, lower trade , fractionally higher use, and larger stocks relative to last month. Corn production is raised for the EU and Belarus, with partly offsetting reductions for Indonesi a and Laos . Major global trade changes for 2019/ 20 include higher projected corn exports for the EU , with a partially offsetting reduction for Russia . Corn imports are raised for South Korea, Turkey, Algeria, and Indonesia, with lower projections for Vietnam, Taiwan, Cuba, and Mexico. Foreign corn ending stocks are raised, mostly reflecting increases for Thailand, Taiwan, India, and Turkey that more than offset declines for Argentina and Mexico. Global corn ending stocks, at 303.2 million tons, are up 5.8 million from last month. RICE : The outlook for 2019/20 U.S. rice this month is for lower supplies, unchanged domestic use and exports, and reduced ending stoc ks. Supplies are lowered by 0.5 million cwt to 261.5 million on decreased imports. Long -grain imports are lowered on an expected reduced volume in the near -term due to sharply curtailed restaurant us age caused by the C OVID -19 pandemic. Projected 2019/20 all rice ending stocks are subsequently reduced by 0.5 million cwt to 29.5 million, which is down 34 percent from last year . The projected all rice stocks- to-use ratio of 12.7 percent would be the lowest since 2007 /08. Reflecting the t ighter supplies, t he projected 2019/20 all rice season- average farm price is raised $0.20 per cwt to $13.20 with increases in both the long-grain and California medium - and short -grain price projections. The 2019/20 international outlook is revised lower this month for supplies, consumption, trade, and ending stocks. Global 2019/20 rice supplies are lowered by 2.8 million tons to 671.8 million, mainly on production reductions for several Southeast Asian countries, led by Vietnam , Burma, and the Philippines. World 2019/20 consump tion is lowered by 2.1 million tons to 490. 2 million on decreases for several Asian and African countries with constrained supplies . Global 2019/20 trade is reduced 2.2 million tons to 42.2 million , primarily on export restrictions recently impos ed by several Southeast Asian rice exporter s in the form of bans , licenses, and quotas due to domestic supply concerns. Collectively, projected exports for Burma, Cambodia, and Vietnam are reduced 1. 7 million tons or 15 percent this month. Additionally, India’s exports are lowered 0.3 million tons to 10.2 million as the current country -wide quarantine is expected to affect export activity. These factors have contributed to raising international rice prices to their highest levels in more than seven years. Projected world ending stocks are down 0.7 million tons this month but are still at a record high of 181.6 million with China account ing for 65 percent of the total. O ILSEEDS: U.S. soybean supply and use changes for 20 19/20 include lower exports, seed use, and residual use, higher crush, and higher ending stocks. Soybean exports are reduced mainly on strong competition from Brazil . Lower s eed use reflects plantings for the 20 20/21 crop indicated in the March 31 Prospective Plantings report. Residua l WASDE- 599-3 use is reduced based on indications in the March 31 Grain Stocks report. Soybean crush is raised on higher soybean meal exports and increased domestic disappearance. Domestic soybean meal use is forecast higher with an expected reduction in available supplies of DDGs resulting from lower ethanol production. With higher crush only partly offsetting lower exports, seed, and residual use, ending stocks are projected at 480 million bushels, up 55 million. The season -average soybean pric e is forecast at $8.65 per bushel, down 5 cents. The soybean oil price is projected at 30.0 cents per pound, down 1.5 cents reflecting increased production and ending stocks. Soybean meal prices are unchanged at $305 per short ton. The 2019/20 global oilseed outlook includes lower production, exports, and stocks compared to last month. Global soybean production is reduced 3.7 million tons to 338.1 million on lower production for Argentina and Brazil. Argentina’s production is lowered 2 million tons to 52 million, reflecting dry conditions in the main growing regions during the latter part of February into early March. Soybean production for Brazil is lowered 1.5 million tons to 124.5 million due to dry conditions in Rio Grande do Sul while the crop was in pod -filling a nd maturation stages. Global soybean exports are lowered 0.4 million tons to 151.5 million. U.S. and Canadian exports are lowered while Brazil’s shipments are revised up due to a competitive exchange rate and ample exportable supplies. China’s imports are raised 1 million tons to 89 million , reflecting higher Brazilian shipments. Global soybean ending stocks are 2.0 million tons lower than last month as lower stocks in Brazil are partly offset with higher U.S. and Chinese stocks. SUGAR: Mexico sugar production for 2019/20 is projected at 5. 235 million metric tons (MT), a n increase of 35,000 over last month. Analysis based on production through the first week of April supports increases in area over last month but lower sugarcane yield and about the same sucrose recovery as last month. Domestic deliveries and ending stocks, equal to 2.5 months of forecast domestic sugar use before the start of the 2020/21 sugarcane harvest , are unchanged. Export s outside of those shipments under license to the Unite d States are increased to 39,187 MT on the pace to date. Exports to the United States are increased by 29,365 MT to 1.026 million. Projected total U.S. supply for 2019/20 is increased by 546,884 short tons, raw value (STRV) on increased production and imports. All production changes are made on the basis of forecasts and/or data supplied by processors. Cane sugar production is increased by 26,460 STRV on more production expected in Florida partially offset by a reduction in Texas. Beet sugar production is reduced by 19,797 STRV on lower expected sugar from slicing and from the de -sugaring of molasses. TRQ imports are increased to reflect the USDA action announced on April 1 of increases to both the raw sugar and refined sugar TRQs. The raw sugar shortfall is increased to 84,092 STRV to reflect sugar not expected to enter the United States although allocated. Imports from Mexico are increased by 34,312 STRV. High -tier tariff imports are unchanged. There are no WASDE- 599-4 changes to use. Ending stocks are projected at 1.434 million STRV, implying an ending stocks- to-use ratio of 11.70 percent. LIVESTOCK, POULTRY, AND DAIRY : Total red meat and poultry production for 2020 is reduced from last month as sectors at all levels adjust to COVID- 19 and economic uncertainty. The b eef production forecast is reduced as lower expected steer and heifer slaughter more than offsets higher cow slaughter. However, beef production declines are partially offset by heavier carcass weights. The pork production forecast is reduced from the previous month; however, the recent Quarterly Hogs and Pigs repor t points to relatively large supplies of hogs available for slaughter during most of the year and heavier hog carcass weights wi ll also support increased production. The broiler production forecast is lowered as producers respond to weak er demand and lower broiler prices . The t urkey production forecast is reduced slightly on recent production data. Egg production for 2020 is reduced from the previous month on slower expected growth in the laying flock. Beef, pork, and poultry export forecasts are reduced from last month on slowing global demand. Price forecasts for 2020 are lowered for cattle, hogs , and broilers on generally weak demand and large supplies . The t urkey price forecast is raised from last month on current prices. Egg prices are raised on strong demand . The milk production forecast is reduced from last month on slower growth in milk per cow . The average dairy cow inventory is little changed as a higher -than-expected early year inventory is expected to decline later in the year. The 2020 fat basis export forecast is reduced primarily on lower expected exports of butterfat products and cheese due to weaker global demand. The fat basis import forecast is also reduced on lower imports of butter. On a skim -solids basis, the export forecast is reduced, reflecting slowing international demand for nonfat dry milk (NDM) and lactose. The skim -solids basis import forecast is unchanged from last month. Product prices are forecast lower on weak demand, large supplies, and larger stocks. Thus, both the Class III and Class IV prices are forecast lower . The all milk price is forecast lower than the previous month at $14.35 per cwt . COTTON : The 2019/20 U.S. cotton supply and demand forecasts show sharply lower exports, lower consumption, and higher ending stocks compared with last month. A developing global economic slowdown with little precedent is expected to significantly reduce global cotton demand and trade, resulting in one of the largest one -month reductions in projected U.S. cotton exports ever: down 1.5 million bales to 15.0 million. Consumption is 100,000 bales lower, and ending stocks are 1.6 million bales higher. Ending stocks are now expected to reach 6.7 million bales , equivalent to 37 percent of total disappearance, compared with March’s expected 26 percent. The projected marketing year average price received by upland producers of 59.0 cents pe r pound is down 1 cent from last month. WASDE- 599-5 Lower world consumption this month results in lower projected trade and higher projected 2019/ 20 ending stocks. Consumption is lower for every major country, with total world consumption down 7.6 million bales or 6.4 percent from March. At 110.6 million bales, world consumption in 2019/20 is now projected to be 8.1 percent lower than in 2018/19. This would be one of the largest annual declines on record. World trade in 2019/20 is down 3.0 million bales from the March estimate. With relatively small increases in beginning stocks and production this month, 2019/20 expected ending stocks are 7.9 million bales higher than estimated in March, and 11.0 million bales higher than the year before. Approved by the Secretary of Agriculture and t he Chairman of the World Agricultur al Outlook Board, Mark Jekanowski , (202) 720- 6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: STEPHEN CENSKY SECRETARY OF AGRICULTURE DESIG NATE WASDE- 599-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers, ICEC Chair, WAOB, [email protected] Jennifer Bond, ERS; Andrew Sowell, FAS; Pete Riley, FPAC. Rice: William Chambers, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS; Vidalina Abadam, FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Tom Capehart, ERS; Yoonhee Macke, FAS; Sharon Raszap, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Mark Ash, ERS; Bill George, FAS; Sherrie Grimm, F PAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; James Johnson, FAS; Kent Lanclos , FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Michael McConnell, ERS; Ron Lord, FAS; Barbara Fec so, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Lindsay Kuberka, FAS; Georgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier , AMS; K im Ha, ERS; Claire Mezoughem, FAS ; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Georgi Gabrielyan, FPAC. In 2020, the WASDE report will be released on May 12, June 11, July 10, Aug 12, Sep 11, Oct 9, Nov 10, and Dec 10. WASDE- 599-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 Worl d & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Production .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 April 2020 WASDE - 599 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2017/18 2619.35 3417.83 414.99 2600.37 817.46 2018/ 19 (Est.) 2626.90 3444.36 428.87 2642.44 801.92 filler filler filler filler filler 2019/20 (Proj.) Mar 2666.55 3467.41 427.98 2670.64 796.77 2019/20 (Proj.) Apr 2664.31 3466.24 425.74 2658.42 807.81 filler filler filler filler filler Wheat 2017/18 762.88 1025.67 182.47 741.98 283.69 2018/19 (Est.) 731.46 1015.15 173.54 737.05 278.10 filler filler filler filler filler 2019/20 (Proj.) Mar 764.49 1042.06 183.62 754.93 287.14 2019/20 (Proj.) Apr 764.46 1042.56 182.71 749.78 292.7 8 filler filler filler filler filler Coarse Grains 5/ 2017/18 1361.54 1747.35 185.27 1376.11 371.24 2018/19 (Est.) 1396 .37 1767.61 211.64 1419.50 348.12 filler filler filler filler filler 2019/20 (Proj.) Mar 1402.75 1750.72 200.08 1423.39 327.33 2019/20 (Proj.) Apr 1403.77 1751.88 200.86 1418.46 333.43 filler filler filler filler filler Rice, milled 2017/18 494.92 644.81 47.25 482.28 162.53 2018/19 (Est.) 499.07 661.60 43.69 485.89 175.71 filler filler filler filler filler 2019/20 (Proj.) Mar 499.31 674.63 44.28 492.32 182.30 2019/20 (Proj.) Apr 496.08 671.79 42.17 490.19 181.60 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2017/18 437.43 541.29 94.57 357.95 88.76 2018/19 (Est.) 436.32 532.31 83.39 357.64 91.28 filler filler filler filler filler 2019/20 (Proj.) Mar 419.31 517.87 77.75 362.17 77.95 2019/20 (Proj.) Apr 419.31 517.67 78.63 355.28 83.76 filler filler filler filler filler Wheat 2017/18 47.38 83.81 24.66 29.25 29.91 2018/19 (Est.) 51.31 84.89 25.48 30.02 29.39 filler filler filler filler filler 2019/20 (Proj.) Mar 52.26 84.50 27.22 31.71 25.58 2019/20 (Proj.) Apr 52.26 84.50 26.81 31.30 26.40 filler filler filler filler filler Coarse Grains 5/ 2017/18 384.39 449.48 67.16 324.41 57.92 2018/19 (Est.) 377.91 438.46 54.94 323.05 60.47 filler filler filler filler filler 2019/20 (Proj.) Mar 361.19 425.05 47.39 326.24 51.42 2019/20 (Proj.) Apr 361.19 424.87 48.68 319.76 56.43 filler filler filler filler filler Rice, milled 2017/18 5.66 8.00 2.76 4.30 0.93 2018/19 (Est.) 7.11 8.96 2.97 4.57 1.42 filler filler filler filler filler 2019/20 (Proj.) Mar 5.86 8.32 3.14 4.22 0.95 2019/20 (Proj.) Apr 5.86 8.30 3.14 4.22 0.94 filler filler filler filler filler 1/ Aggregate of local m arketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). April 2020 WASDE - 599 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2017/18 2,181.92 2,876.55 320.42 2,242.4 2 728.70 2018/19 (Est.) 2,190.58 2,912.05 345.48 2,284.80 710.64 filler filler filler filler filler 2019/20 (Proj. ) Mar 2,247.24 2,949.54 350.23 2,308.47 718.82 2019/20 (Proj.) Apr 2,245.00 2,948.56 347.11 2,303.15 724.05 filler filler filler filler filler Wheat 2017/18 715.50 941.86 157.82 712.73 253.78 2018/19 (Est.) 680.15 930.26 148.07 707.03 248.71 filler filler filler filler filler 2019/20 (Proj.) Mar 712.24 957.56 156.41 723.22 261.56 2019/20 (Proj.) Apr 712.21 958.0 6 155.91 718.48 266.38 filler filler filler filler filler Coarse Grains 5/ 2017/18 977.16 1,297.87 118.12 1,051.70 313.32 2018/19 (Est.) 1,018.47 1,329.15 156.69 1,096.45 287.65 filler filler filler filler filler 2019/20 (Proj.) Mar 1,041 .56 1,325.67 152.69 1,097.15 275.92 2019/20 (Proj.) Apr 1,042.58 1,327.02 152.18 1,098.70 277.00 filler filler filler filler filler Rice, milled 2017/18 489.26 636.82 44.48 477.98 161.60 2018/19 (Est.) 491.96 652.64 40.72 481.33 174.29 filler filler filler filler filler 2019/20 (Proj.) Mar 493.45 666.31 41.14 488.10 181.35 2019/20 (Proj.) Apr 490.22 663.4 9 39.03 485.97 180.67 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus Unite d States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World an d U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stock s World 2017/18 123.78 204.04 41.58 122.75 80.74 2018/19 (Est.) 118.61 199.34 41.12 120.30 80.28 filler filler filler filler filler 2019/20 (Proj.) Mar 121.59 201.77 43.60 118.16 83.40 2019/20 (Proj.) Apr 121.71 201.99 40.64 110.58 91.26 filler filler filler filler filler United States 2017/18 20.92 23.68 16.28 3.23 4.20 2018/19 (Est.) 18.37 22.57 14.76 2.98 4.85 filler filler filler filler filler 2019/20 (Proj.) Mar 19.80 24.66 16.50 3.00 5.10 2019/20 (Proj.) Apr 19.80 24.66 15.00 2.90 6.70 filler filler filler filler filler Foreign 4/ 2017/18 102.86 180.37 25.31 119.53 76.54 2018 /19 (Est.) 100.24 176.77 26.36 117.32 75.43 filler filler filler filler filler 2019/20 (Proj.) Mar 101.79 177.12 27.10 115.16 78.30 2019/20 (Proj.) Apr 101.91 177.34 25.64 107.68 84.56 filler filler filler filler filler 1/ Mark eting year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus Unit ed States. See global cotton tables for treatment of export/import imbalances. April 2020 WASDE - 599 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2 / Ending Stocks Oilseeds 2017/18 581.62 690.63 176.33 483.40 116.74 2018/19 (Est.) 597.27 714.02 170.1 5 489.35 129.21 filler filler filler filler filler 2019/20 (Proj.) Mar 580.13 709.94 174.96 497.94 117.37 2019/20 (Proj.) Apr 577.07 706.29 174.49 497.42 116.32 filler filler filler filler filler Oilmeals 2017/18 331.24 348.56 89.20 326.29 17.86 2018/19 (Est.) 332.93 350.78 93.82 329.35 15.47 filler filler filler filler filler 2019/20 (Proj.) Mar 339.15 355.40 93.10 338.10 14.66 2019/20 (Proj.) Apr 338.72 354.20 93.11 337.22 13.82 filler filler filler filler filler Vegetab le Oils 2017/18 198.54 220.44 80.01 192.69 23.14 2018/19 (Est.) 203.50 226.63 85.57 200.28 22.00 filler filler filler filler filler 2019/20 (Proj.) Mar 204.54 226.13 86.38 204.98 17.43 2019/20 (Proj.) Apr 204.42 226.42 86.56 203.99 18.32 filler filler filler filler filler United States Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2017/18 131.48 142.50 59.31 60.17 13.83 2018/19 (Est.) 130.72 145.65 48.70 61.03 26.54 filler filler filler filler filler 2019/ 20 (Proj.) Mar 107.42 135.03 50.80 61.41 13.10 2019/20 (Proj.) Apr 107.42 135.10 49.42 62.02 14.59 filler filler filler filler filler Oilmeals 2017/18 47.03 51.17 13.00 37.61 0.56 2018/19 (Est.) 46.52 51.01 12.60 37.99 0.42 filler filler filler filler filler 2019/20 (Proj.) Mar 47.23 51.58 12.29 38.89 0.40 2019/20 (Proj.) Apr 47.74 52.13 12.51 39.22 0.40 filler filler filler filler filler Vegetable Oils 2017/18 12.11 18.12 1.34 15.54 1.24 2018/19 (Est.) 12.20 18.14 1.10 15.89 1.16 filler filler filler filler filler 2019/20 (Proj.) Mar 12.30 18.32 1.19 16.09 1.05 2019/20 (Proj.) Apr 12.40 18.47 1.30 15.95 1.23 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2017/18 450.14 548.12 117.02 423.23 102.92 2018/19 (Est.) 466.56 568.36 121.44 428.32 102.67 filler filler filler filler filler 2019/20 (Proj.) Mar 472.70 574.91 124.16 436.53 104.28 2019/20 (Proj.) Apr 469.65 571.19 125.07 435.40 101.73 filler filler filler filler filler Oilmeals 2017/18 284.21 297.39 76.20 288.69 17.29 2018/19 (Est.) 286.41 299.77 81.21 291.35 15.05 filler filler filler filler filler 2019/20 (Proj.) Mar 291.93 303.82 80.81 299.21 14.26 2019/20 (Proj.) Apr 290.99 302.07 80.60 298.00 13.41 filler filler filler filler filler Vegetable Oils 2017/18 186.43 202.3 2 78.67 177.15 21.90 2018/19 (Est.) 191.30 208.49 84.47 184.39 20.84 filler filler filler filler filler 2019/20 ( Proj.) Mar 192.24 207.81 85.19 188.89 16.38 2019/20 (Proj.) Apr 192.02 207.95 85.26 188.04 17.09 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only f or oilseed s. 3/ Total Foreign is equal to World minus United States. April 2020 WASDE - 599 - 11 U.S. Wheat Supply and Use 1/ 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Mar Apr Million Acres Area Plant ed 46.1 47.8 45.2 45.2 Area Harvested 37.6 39.6 37.2 37.2 Bushels Yield per Harvested Acre 46.4 47.6 51.7 51.7 Million Bushels Beginning Stocks 1,181 1,099 1,080 1,080 Production 1,741 1,885 1,920 1,920 Imports 158 135 105 105 Supply, To tal 3,080 3,119 3,105 3,105 Food 964 955 955 955 Seed 63 59 60 60 Feed and Residual 47 90 150 135 Domestic, Total 1,075 1,103 1,165 1,150 Exports 906 936 1,000 985 Use, Total 1,981 2,039 2,165 2,135 Ending Stocks 1,099 1,080 940 970 Avg. Farm P rice ($/bu) 2/ 4.72 5.16 4.55 4.60 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2018/19 (Est.) Beginning Stocks 581 191 205 87 35 1,099 Production 662 587 286 272 78 1,885 Supply, Total 3/ 1,248 846 495 365 165 3,119 Domestic Use 401 324 209 81 88 1,103 Exports 331 259 128 196 22 936 Use, Total 732 583 337 277 110 2,039 Ending Stocks, Total 516 263 158 88 55 1,080 2019/20 (Proj.) Beginning Stocks 516 263 158 88 55 1,080 Production 833 522 239 272 54 1,920 Supply, Total 3/ 1,353 836 402 365 149 3,105 Domestic Use 470 311 191 90 88 1,150 Exports 380 275 95 195 40 985 Use, Total 850 586 286 285 128 2,135 Ending Stocks, Total Apr 503 250 116 80 21 970 Ending Stocks, Total Mar 484 249 106 80 21 940 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted a verage pri ce received by farmers. 3/ Includes imports. April 2020 WASDE - 599 - 12 U.S. Feed Grain and Corn Supply and Use 1 / FEED GRAINS 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Mar Apr Million Acre s Area P lanted 100.9 99.9 100.5 100.5 Area Harvested 90.5 89.2 89.2 89.2 Metric Tons Yield per Harvested Acre 4.24 4.24 4.05 4.05 Million Me tric Tons Beginning Stocks 62.1 57.9 60.5 60.5 Production 384.1 377.7 360.9 360.9 Imports 2.7 2.3 3.1 2.9 Supply, Total 449.0 437.9 424.5 424.3 Feed and Residual 138.7 143.0 145.5 148.6 Food, Seed & Industrial 185.2 179.6 180.2 170.6 Domest ic, Total 323.9 322.5 325.7 319.2 Exports 67.2 54.9 47.4 48.7 Use, Total 391.1 377.5 373.1 367.9 Ending S tocks 57.9 60.5 51.4 56.4 CORN 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Proj. March April Million Acres Area Planted 90.2 88.9 89.7 89.7 Area Harvested 82.7 81.3 81.5 81.5 Bushels Yield per Harvested Acre 176.6 176.4 168.0 168.0 Million Bushels Beginning Stocks 2,293 2,140 2,221 2,221 Production 14,609 14,340 13,692 13,692 Imports 36 28 50 45 Supply, Tota l 16,939 16,509 15,962 15,957 Feed and Residual 5,304 5,430 5,525 5,675 Food, Seed & Industrial 2/ 7,057 6,793 6,820 6,465 Ethanol & by -products 3/ 5,605 5,378 5,425 5,050 Domestic, Total 12,361 12,223 12,345 12,140 Exports 2,438 2,065 1,725 1,725 Use, Total 14,798 14,288 14,070 13,865 Ending Stocks 2,140 2,221 1,892 2,092 Avg. Farm Pric e ($/bu) 4/ 3.36 3.61 3.80 3.60 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce e thanol and by- products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing - year weighted average price received by farmers. April 2020 WASDE - 599 - 13 U.S. Sorghum, Barley, and Oats Suppl y and Use 1/ SORGHUM 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Mar Apr Million Bushe ls Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 5.6 5.7 5.3 5.3 Area Harvested (mil. acres) 5.0 5.1 4.7 4.7 Yield (bushels/a cre) 71.7 72.1 73.0 73.0 Beginning Stocks 33 35 64 64 Production 362 365 341 341 Imports 2 0 0 0 Supply , Total 397 400 405 405 Feed and Residual 102 138 130 105 Food, Seed & Industrial 60 106 105 80 Total Domestic 162 244 235 185 Exports 200 93 135 185 Use, Total 362 336 370 370 Ending Stocks 35 64 35 35 Avg. Farm Price ($/bu) 2/ 3.22 3.26 3.30 3.25 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Proj. March April Fil ler Fil ler Fil ler Filler Fil ler Area Planted (mil. acres) 2.5 2.5 2.7 2.7 Area Harvested (mil. acres) 2.0 2.0 2.2 2.2 Yield (bush els/acre) 73.0 77.5 77.7 77.7 Beginning Stocks 106 94 87 87 Production 143 154 170 170 Imports 9 6 8 8 Supply, Total 259 254 264 264 Feed and Residual 7 15 25 25 Food, Seed & Industrial 152 148 146 146 Total Domestic 159 162 171 171 Exports 5 5 5 6 Use, Total 164 167 176 177 Ending Stocks 94 87 88 87 Avg. Farm Price ($/bu) 2/ 4.47 4.62 4.60 4.60 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Proj. March April Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.6 2.7 2.8 2.8 Area Harvested (mil. acres) 0.8 0.9 0.8 0.8 Yield (bushels/acre) 61.7 64.9 64.3 64.3 Beginning Stocks 50 41 38 38 Production 50 56 53 53 Imports 89 87 95 92 Supply, Total 189 184 186 183 Feed and R esidual 68 66 70 70 Food, Seed & Industrial 77 78 78 78 Total Domestic 146 144 148 148 Exports 2 2 2 2 Use, Total 148 146 150 150 Ending Stocks 41 38 36 33 Avg. Farm Price ($/bu) 2/ 2.59 2.66 2.95 2.85 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. April 2020 WASDE - 599 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Mar Apr Million Acres Area Planted 2.46 2.95 2.54 2.54 Area Harvested 2.37 2.91 2.47 2.47 Fil ler Pounds Yield per Harvested Acre 7,507 7,692 7,471 7,471 Million Hundredweight Beginning Stocks 2/ 46.0 29.4 44.9 44.9 Production 178.2 223.8 184.7 184.7 Imports 27.5 29.0 32.5 32.0 Supply, Total 251.8 282.2 262.0 261.5 Domestic & Residual 3/ 135.4 143.8 133.0 133.0 Exports, Total 4/ 87.1 93.6 99.0 99.0 Rough 28.8 33.0 37.0 37.0 Milled (rough equiv.) 58.2 60.6 62.0 62.0 Use, Total 222.4 237.3 232.0 232.0 Ending Stocks 29.4 44.9 30.0 29.5 Avg. Milli ng Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 12.90 12.60 13.00 13.20 Total LONG -GRAIN RICE 2017/18 2018/19 E s t. 2019/20 Proj. 2019/20 Proj. March April Harvested Acres (mil.) 1.75 2.18 1.73 1.73 Yield (pounds/ acre) 7,314 7,517 7,261 7,261 Beginning Stocks 31.0 20.3 32.6 32.6 Production 127.9 163.6 125.6 125.6 Supply, Total 7/ 182.2 207.3 184.2 183.7 Domestic & Residual 3/ 98.6 109.0 99.0 99.0 Exports 8/ 63.2 65.7 71.0 71.0 Use, Tota l 161.9 174.7 170.0 170.0 Ending Stocks 20.3 32.6 14.2 13.7 Avg. Farm Price ($/cwt) 6/ 11.50 10.80 12.00 12.20 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Proj. March April Harv ested Acres (mil.) 0.63 0.73 0.74 0.74 Yield (pounds/acre) 8,048 8,209 7,960 7,960 Beginning Stocks 11.5 7.6 10.2 10.2 Production 50.4 60.3 59.1 59.1 Supply, Total 7/ 68.2 72.8 75.7 75.7 Domestic & Residual 3/ 36.7 34.8 34.0 34.0 Exports 8/ 23.8 27.8 28.0 28.0 Use, Total 60.6 62.6 62.0 62.0 Ending Stocks 7.6 10.2 13.7 13.7 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 17.00 18.50 16.00 16.20 California 10/ 20.10 21.10 18.00 18.20 Other States 1/ 11.70 12.30 11.90 11.90 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of ending stocks by type (in mi l. cwt): 2015/16 -2.9; 2016/17-3.5; 2017/18 -3.5. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes r ough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the tot al quan tity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NAS S monthly prices and the final price may differ. For example, the average difference between the preliminary California SAFP fo recast and the final price has averaged $0.98 per cwt from 2014/15- 2017/18, with a high of $3.50 per cwt in 2017/18 and a low of -$0.20 per cwt in 2015/16. 10/ Marketing year beginning October 1. April 2020 WASDE - 599 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Mar Apr Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 90.2 89.2 76.1 76.1 Area Harvest ed 89.5 87.6 75.0 75.0 Fil ler Bushels Yield per Harvested Acre 49.3 50.6 47.4 47.4 Million Bushels Beginning Stocks 302 438 909 909 Production 4,412 4,428 3,558 3,558 Imports 22 14 15 15 Supply, Total 4,735 4,880 4,482 4,482 Crushings 2,055 2,092 2,105 2,125 Exports 2,134 1,748 1,825 1,775 Seed 104 88 99 97 Residual 5 43 29 5 Use, Total 4,297 3,971 4,058 4,002 Ending Stocks 438 909 425 480 Avg. Farm Price ($/bu) 2/ 9.33 8.48 8.70 8.65 Total SOYBEAN OIL 2017/18 2018/19 E st. 2019/2 0 Proj. 2019/20 Proj. March April Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,711 1,995 1,775 1,775 Production 4/ 23,772 24,197 24,290 24,480 Imports 335 398 450 375 Supply, Total 25,819 26,590 26,515 26,630 Dome stic Disappearance 21,380 22,874 22,900 22,400 Biodiesel 3/ 7,134 7,863 8,000 7,700 Food, Feed & other Industrial 14,247 15,011 14,900 14,700 Exports 2,443 1,941 2,100 2,400 Use, Total 23,823 24,815 25,000 24,800 Ending stocks 1,995 1,775 1,515 1,830 Avg. Price (c/lb) 2/ 30.04 28.26 31.50 30.00 Total SOYBEAN MEAL 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Proj. March April Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 401 555 402 402 Production 4/ 49,226 48,81 4 49,473 49,973 Imports 483 684 500 550 Supply, Total 50,109 50,053 50,375 50,925 Domestic Disappearance 35,537 36,097 36,800 37,100 Export s 14,016 13,554 13,200 13,450 Use, Total 49,554 49,651 50,000 50,550 Ending Stocks 555 402 375 375 Avg. Price ($/s.t.) 2/ 345.02 308.28 305.00 305.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of repor t. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean mea l. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made from methyl ester as reported by th e U.S. Ene rgy Information Administration. 4/ Based on an October year crush of 2,085 million bushels for 2018/19 and 2,125 million bushels for 2019/20. April 2020 WASDE - 599 - 16 U.S. Sugar Supply and Use 1/ 2017/1 8 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Mar Apr Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,876 2,008 1,783 1,783 Production 2/ 9,293 8,999 8,031 8,038 Beet Sugar 5,279 4,939 4,317 4,298 Cane S ugar 4,014 4,060 3,713 3,740 Florida 1,983 2,005 2,069 2,100 Hawaii 0 0 0 0 Louisiana 1,862 1,907 1,513 1,513 Texas 169 147 131 127 Imports 3,277 3,070 3,339 3,879 TRQ 3/ 1,663 1,541 1,674 2,180 Othe r Program 4/ 326 438 350 350 Other 5/ 1,287 1,092 1,315 1,349 Mexico 1,223 1,000 1,165 1,199 Total Supply 14,445 14,077 13,153 13,699 Exports 170 35 35 35 Deliveries 12,185 12,231 12,230 12,230 Food 12,048 12,106 12,125 12,125 Other 6/ 137 126 105 105 Miscellaneous 82 28 0 0 Total Use 12,438 12,294 12,265 12,265 Ending Stocks 2,008 1,783 888 1,434 Stocks to Use Ratio 16.1 14.5 7.2 11.7 Total 1/ Fiscal years beginning Oct 1. Data and proje ctions cor respond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2018/19 and 2019/20 are based on Crop Production and/or processor projections/industry data where appropriate. 3/ For 2018/19, WTO raw sugar TRQ s hortfall ( 56) and for 2019/20 (84). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Imports from Mexico; and high -tier tariff sugar and syrups not otherwise specified -- for 2018/19 (91) and 2019/20 (150). 6/ Transfers accompanying del iveries for sugar- containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Tota l refiner license transfers for SCP and POLY inclusive of WASDE -reported deliveries: 2017/18 -- 278; estimated 2018/19 -- 374; projected 2019/20 -- 340. Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual We ight 2018/19 Est. Mar 1,395 6,426 85 4,532 2,204 1,169 2018/19 Est. Apr 1,395 6,426 85 4,532 2,204 1,169 2019/20 Proj. Mar 1,169 5,200 89 4,492 1,030 936 2019/20 Proj. Apr 1,169 5,235 89 4,492 1,065 936 1/ HFCS consumption by Me xico (1,00 0 metric tons, dry basis): 2017/18 = 1,593; Estimated 2018/19 = 1,528; Projected 2019/20 = 1,520; Estimated Oct -Feb 2019/20 = 571, Oct -Feb 2018/19 = 588. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2 /Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2018/19 (463 est); 2019/20 (435 proj). Other Deliveries/Ending Year Statistical Adjustments: 2018 /19 (-23), 2019/20 (0). April 2020 WASDE - 599 - 17 U.S. Cotton Supply and Use 1/ 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Pr oj. Mar Apr Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 12.72 14.10 13.74 13.74 Harvested 11.10 10.21 11.80 11.80 Fil ler Pounds Yield per Harvested Acre 905 864 805 805 Million 480 Pound Bales Beginning Stocks 2.75 4.20 4.85 4.85 Production 20.92 18.37 19.80 19.80 Imports 0.00 0.00 0.01 0.01 Supply, Tot al 23.68 22.57 24.66 24.66 Domestic Use 3.23 2.98 3.00 2.90 Exports, Total 16.28 14.76 16.50 15.00 Use, Total 19.50 17.74 19.50 17.90 Unaccounted 2/ -0.03 -0.02 0.06 0.06 Ending Stocks 4.20 4.85 5.10 6.70 Avg. Farm Price 3/ 68.6 70.3 60.0 59.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. April 2020 WASDE - 599 - 18 World Wheat Supply and Use 1/ (Million Metric Ton s) 2017/18 Beginning Stocks Production Imports Domestic Feed Domestic Total 2 / Exports Ending Stocks World 3/ 262.79 762.88 181.04 146.63 741.98 182.47 283.69 World Less China 147.86 628.55 177.10 129.13 620.98 181.47 152.49 United States 32.13 47.38 4.30 1.29 29.25 24.66 29.91 Total Foreign 230.65 715.50 176.73 145.34 712.73 157.82 253.78 Major Exporters 4/ 36.22 333.09 6.97 89.48 205.25 131.17 39.86 Argentina 0.25 18.50 0.01 0.05 5.55 12.73 0.47 Australia 5.73 20.94 0.16 4.00 7.48 13.85 5.51 Canada 6.93 30.38 0.45 4.13 9.03 22.00 6.73 Europ ean Union 5/ 10.72 151.13 5.82 58.00 130.40 23.38 13.89 Russia 10.82 85.17 0.47 20.00 43.00 41.43 12.03 Ukraine 1.77 26.98 0.06 3.30 9.80 17.78 1.24 Major Importers 6/ 160.57 202.93 116.31 37.90 290.30 12.43 177.08 Banglad esh 1.76 1.15 6.47 0.25 7.15 0.00 2.23 Brazil 2.26 4.26 7.02 0.50 12.00 0.23 1.31 China 114.93 134.33 3.94 17.50 121.00 1.00 131.20 Japan 1.21 0.97 5.88 0.75 6.55 0.28 1.23 N. Africa 7/ 14.28 19.25 27.45 2.25 45.23 0.88 14.86 Nigeria 0.20 0.07 5.16 0.05 4.83 0.40 0.20 Sel. Mideast 8/ 16.65 18.36 18.46 4.10 37.92 0.90 14.65 Southeast Asia 9/ 5.68 0.00 26.37 8.99 25.44 1.11 5.51 Selected Other India 9.80 98.51 1.17 5.00 95.68 0.57 13.23 Kazakhstan 3.54 14.80 0.10 2.10 6.90 9.00 2.54 2018/19 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 283.69 731.46 170.54 139.43 737.05 173.54 278.10 Worl d Less Chi na 152.49 600.03 167.39 119.43 612.05 172.54 138.33 United States 29.91 51.31 3.67 2.44 30.02 25.48 29.39 Total Foreign 253.78 680.15 166.86 136.99 707.03 148.07 248.71 Major Exporters 4/ 39.86 302.60 7.17 81.73 196.22 120.77 32.64 Argenti na 0.47 19.50 0.01 0.05 6.05 12.19 1.74 Australia 5.51 17.30 0.36 5.70 9.20 9.01 4.96 Canada 6.73 32.20 0.48 3.98 8.97 24.40 6.04 Europe an Union 5/ 13.89 136.86 5.76 51.50 122.70 23.31 10.50 Russia 12.03 71.69 0.45 18.00 40.50 35.84 7.82 Ukraine 1.24 25.06 0.11 2.50 8.80 16.02 1.59 Major Importers 6/ 177.08 200.27 111.26 38.44 294.44 12.33 181.84 Banglades h 2.23 1.10 5.10 0.28 7.18 0.00 1.26 Brazil 1.31 5.43 7.02 0.50 12.10 0.60 1.06 China 131.20 131.43 3.15 20.00 125.00 1.01 139.77 Japan 1.23 0.86 5.73 0.68 6.48 0.29 1.05 N. Africa 7/ 14.86 21.00 26.95 2.25 46.15 1.19 15.47 Nigeria 0.20 0.06 4.59 0.05 4.25 0.40 0.20 Sel. Mideast 8/ 14.65 18.37 17.23 3.55 37.90 0.58 11.77 Southeast Asia 9/ 5.51 0.00 26.37 8.14 25.34 1.10 5.44 Selected Other India 13.23 99.87 0.02 5.00 95.63 0.50 16.99 Kazakhstan 2.54 13.95 0.09 1.80 6.60 8.30 1.68 1/ Aggrega te of loca l marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancie s in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysi a, Philipp ines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2020 WASDE - 599 - 19 World Wheat Supply and Use 1/ (C ont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Mar 277.57 764.49 180.81 147.91 754.93 183.62 287.14 Apr 278.10 764.46 180.24 144.26 749.78 182.71 292.78 World Less China Mar 137.81 630.90 176.81 126.91 626.93 182.52 138.8 8 Apr 138.33 630.87 176.24 125.26 623.78 181.71 142.43 United States Mar 29.39 52.26 2.86 4.08 31.71 27.22 25.58 Apr 29.39 52.26 2.86 3.67 31.30 26.81 26.40 Total Foreign Mar 248.19 712.24 177.96 143.83 723.22 156.41 261.56 Apr 248.71 712.21 177.38 140.59 718.48 155.91 266.38 Major Exporters 4/ Mar 32.14 323.66 6.41 84.95 199.65 132.00 30.56 Apr 32.64 323.83 6.41 83.95 199.35 132.20 31.34 Argen tina Mar 1.74 19.50 0.01 0.05 6.15 13.50 1.60 Apr 1.74 19.50 0.01 0.05 6.15 13.50 1.60 Australia Mar 4.96 15.20 0.55 5.20 8.70 8.00 4.01 Apr 4.96 15.20 0.55 5.20 8.70 8.20 3.81 Canada Mar 6.04 32.35 0.50 4.90 9.90 23.00 5.99 Apr 6.04 32.35 0.50 4.90 9.90 23.00 5.99 European Union 5/ Mar 10.00 154.00 4.80 55.00 126.50 32.00 10.30 Apr 10.50 154.00 4.80 54.00 125.50 33.50 10.30 Russia Mar 7.82 73.61 0.48 17.00 39.50 35.00 7.40 Apr 7.82 73.61 0.48 17.00 40.00 33.50 8.40 Ukraine Mar 1.59 29.00 0.08 2.80 8.90 20.50 1.26 Apr 1.59 29.17 0.08 2.80 9.10 20.50 1.23 Major Importers 6/ Mar 181.74 203.40 119.47 39.56 300.79 13.38 190.44 Apr 181.84 203.33 119.24 37.26 298.37 13.18 192.85 Bangladesh Mar 1.26 1.20 6.50 0.30 7.30 0.00 1.66 Apr 1.26 1.20 6.50 0.30 7.30 0.00 1.66 Brazil Mar 1.06 5.20 7.50 0.50 12.10 0.60 1.06 Apr 1.06 5.20 7.20 0.50 12.10 0.50 0.86 China Mar 139.77 133.59 4.00 21.00 128.00 1.10 148.26 Apr 139.77 133.59 4.00 19.00 126.00 1.00 150.36 Japan Mar 0.95 0.96 5.90 0.70 6.50 0.28 1.03 Apr 1.05 0.96 5.60 0.60 6.25 0.28 1.08 N. Africa 7/ Mar 15.47 18.47 26.90 2.25 46.75 0.99 13.11 Apr 15.47 18.40 27.25 2.25 46.78 0.99 13.36 Nige ria Mar 0.20 0.06 5.10 0.05 4.76 0.40 0.20 Apr 0.20 0.06 5.10 0.05 4.76 0.40 0.20 Sel. Mideast 8/ Mar 11.77 22.68 16.77 3.52 38.64 0.77 11.81 Apr 11.77 22.68 16.79 3.52 38.64 0.80 11.80 Southeast Asia 9/ Mar 5.44 0.00 27.00 7.84 25.69 1.04 5.71 Apr 5.44 0.00 27.00 7.84 25.69 1.02 5.73 Selected Other India Mar 16.99 103.60 0.02 6.00 98.00 0.50 22.11 Apr 16.99 103.60 0.02 6.00 96.11 0.50 24.00 Kazakhstan Mar 1.68 11.45 0.35 1.60 6.40 6.00 1.09 Apr 1.68 11.45 0.35 1.60 6.40 6.00 1.09 1/ Aggregate of local marketing years. 2/ Total for eign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing yea rs, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Austral ia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Alge ria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon , Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Mal aysia, Philippines, Thailand, and Vietnam. April 2020 WASDE - 599 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Expo rts Ending Stocks World 3/ 385.81 1,361.54 187.76 834.96 1,376.11 185.27 371.24 World Less China 162.32 1,095.82 171.34 637.41 1,093.51 185.21 148.26 United States 62.17 384.39 2.93 138.85 324.40 67.16 57.92 Total Foreign 323.64 977.16 184.84 696.12 1,051.71 118.12 313.32 Major Exporters 4/ 38.46 252.15 3.66 125.39 169.37 97.68 27.22 Argentina 6.70 39.32 0.01 11.98 17.61 24.91 3.50 Australia 2.65 12.19 0.00 3.94 5.81 6.74 2.29 Brazil 14.49 85.06 1.46 56.70 67.18 24.16 9.67 Canada 5.56 26.24 1.74 15.90 23.20 5.78 4.57 Russia 2.06 41.72 0.13 21.57 31.02 11.52 1.37 Ukraine 3.06 34.07 0.05 8.44 11.77 22.50 2.91 Major Importers 5/ 38.33 245.29 133.70 283.67 367.89 10.01 39.41 European Union 6/ 15.11 152.10 19.40 120.85 162.37 7.92 16.33 Japan 1.69 0.19 17.56 13.62 17.62 0.00 1.82 Mexico 6.00 33.19 16.36 29.20 48.41 0.96 6.18 N. Afr & Mideast 7/ 7.13 29.07 39.13 59.33 67.45 0.13 7.76 Saudi Arabia 2.54 0.26 11.99 12.28 12.70 0.00 2.08 Southeast Asia 8/ 3.41 30.20 14.54 36.37 44.59 1.01 2.56 South Korea 1.77 0.20 10.19 7.80 10.31 0.00 1.86 Selected Other China 223.49 265.72 16.43 197.55 282.60 0.06 222.98 2018/19 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 371.24 1,396.37 192.69 849.82 1,419.50 211.64 348.12 World Less China 148.26 1,131.86 182.15 654.37 1,132.13 211.57 137.52 United States 57.92 377.91 2.64 143.14 323.05 54.94 60.47 Total Foreign 313.32 1,018.47 190.05 706.69 1,096.45 156.69 287.64 Major Exporters 4/ 27.22 292.61 5.74 126.34 171.07 133.64 20.87 Argentina 3.50 59.22 0.01 12.48 18.34 40.68 3.71 Australia 2.29 10.93 0.00 4.74 6.81 4.09 2.34 Brazil 9.67 104.33 2.32 59.95 70.98 39.79 5.55 Canada 4.57 26.20 2.69 16.20 24.15 5.97 3.34 Russia 1.37 35.00 0.05 18.80 27.37 7.84 1.22 Ukraine 2.91 44.50 0.06 7.73 10.86 34.07 2.55 Major Importers 5/ 39.41 243.34 142.94 294.86 379.61 10.32 35.76 European Union 6/ 16.33 148.11 26.41 126.60 168.57 8.82 13.45 Japan 1.82 0.18 17.73 13.78 17.89 0.00 1.84 Mexico 6.18 33.40 17.41 31.27 50.51 0.72 5.76 N. Afr & Mideast 7/ 7.76 31.08 38.82 61.98 70.11 0.10 7.46 Saudi Arabia 2.08 0.29 10.17 10.65 11.10 0.00 1.45 Southeast Asia 8/ 2.56 29.99 16.84 37.69 45.72 0.68 2.99 South Korea 1.86 0.20 10.96 8.60 11.18 0.00 1.85 Selected Other China 222.98 264.51 10.54 195.45 287.37 0.07 210.59 1/ Aggregate of local marketing years. Coarse grains include cor n, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imp orts and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some coun tries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ The European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Alger ia, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2020 WASDE - 599 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Ton s) 2019/20 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Mar 347.97 1,402.75 202.47 866.57 1,423. 39 200.08 327.33 Apr 348.12 1,403.77 203.62 870.22 1,418.46 200.86 333.43 World Less China Mar 137.38 1,134.55 187.47 670.47 1,129.14 200.02 127.85 Apr 137.52 1,135.57 187.22 672.82 1,122.91 200.80 133.85 United States Mar 60.47 361.19 3.39 145.6 8 326.24 47.39 51.42 Apr 60.47 361.19 3.21 148.85 319.76 48.68 56.43 Total Fore ign Mar 287.50 1,041.56 199.08 720.89 1,097.15 152.69 275.92 Apr 287.65 1,042.58 200.41 721.37 1,098.70 152.18 277.00 Major Exporters 4/ Mar 21.11 303.67 3.69 128.59 174.25 131.00 23.23 Apr 20.87 303.79 3.70 129.28 174.99 129.97 23.40 Argentina Mar 3.96 56.75 0.01 12.85 19.29 36.51 4.92 Apr 3.71 56.75 0.01 12.85 19.29 36.51 4.67 Australia Mar 2.34 10.56 0.00 4.32 6.29 4.35 2.26 Apr 2.34 10.56 0.00 4.32 6.29 4.35 2.26 Brazil Mar 5.55 104.35 1.90 59.87 71.00 36.01 4.79 Apr 5.55 104.35 1.90 59.87 71.00 36.01 4.79 Canada Mar 3.34 28.56 1.56 16.30 23.86 5.35 4.25 Apr 3.34 28.56 1.57 16.30 23.86 5.35 4.26 Russia Mar 1.22 40.50 0.09 21.44 30.39 9.44 1.98 Apr 1.22 40.50 0.09 22.14 31.09 8.40 2.32 Ukraine Mar 2.55 46.43 0.03 6.93 10.15 36.84 2.01 Apr 2.55 46.55 0.03 6.92 10.19 36.84 2.09 Major Importers 5/ Mar 35.56 254.16 145.91 302.80 388.60 11.35 35.68 Apr 35.76 254.93 145.89 301.68 388.74 11.91 35.94 European Uni on 6/ Mar 13.53 159.04 21.83 125.80 168.47 9.83 16.10 Apr 13.45 160.67 21.83 125.80 169.47 10.53 15.96 Japan Mar 1.83 0.20 17.77 13.96 18.07 0.00 1.72 Apr 1.84 0.20 17.72 13.91 18.03 0.00 1.72 Mexico Mar 5.76 30.60 18.50 31.96 51.14 0.70 3.02 Apr 5.76 30.41 18.36 31.82 51.00 0.70 2.83 N. Afr & Mideast 7/ Mar 7.46 33.16 42.84 66.99 75.42 0.14 7.89 Apr 7.46 33.33 42.79 66.97 75.37 0.10 8.11 Saudi Arabia Mar 1.45 0.27 11.51 11.15 11.61 0.00 1.62 Apr 1.45 0.27 11.51 11.15 11.61 0.00 1.62 Southeast Asia 8/ Mar 2.84 30.61 18.17 39.87 48.02 0.68 2.92 Apr 2.99 29.77 18.10 38.77 47.19 0.59 3.07 South Korea Mar 1.94 0.20 10.91 8.55 11.14 0.00 1.92 Apr 1.85 0.20 11.51 9.05 11.64 0.00 1.92 Selec ted Other China Mar 210.59 268.20 15.00 196.10 294.25 0.06 199.48 Apr 210.59 268.20 16.40 197.40 295.55 0.06 199.58 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grain s (for U.S . excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit, and repor ting discr epancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ The European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trad e. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2020 WASDE - 599 - 22 World Corn Supply and Use 1/ (Million Met ric Tons) 2017/18 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 351.96 1,080.09 149.93 672.36 1,090.45 148.2 4 341.60 World Less China 128.94 821.02 146.47 485.36 827.45 148.22 119.07 United States 58.25 371.10 0.92 134.73 313.98 61.92 54.37 Total Foreign 293.70 708.99 149.02 537.63 776.47 86.32 287.23 Major Exporters 4/ 25.37 164.42 1.18 81.63 102.5 8 72.26 16.12 Argentina 5.27 32.00 0.01 8.50 12.40 22.47 2.41 Brazil 14.02 82.00 0.92 54.00 63.50 24.15 9.28 Russia 0.78 13.20 0.05 7.40 8.30 5.53 0.20 South Africa 3.70 13.10 0.17 6.83 12.23 2.07 2.67 Ukraine 1.60 24.12 0.04 4.90 6.15 18.04 1.57 Major Importers 5/ 22.05 126.27 88.35 154.90 209.05 3.71 23.91 Egypt 1.89 6.40 9.46 13.40 15.90 0.01 1.85 European Union 6/ 7.60 62.01 18.47 57.00 76.50 1.75 9.82 Japan 1.32 0.00 15.67 12.00 15.60 0.00 1.39 Mexico 5.41 27.57 16.13 24.30 42.50 0.96 5.65 Southeast Asia 7/ 3.40 30.15 14.20 36.30 44.20 1.00 2.55 South Korea 1.76 0.07 10.02 7.70 10.00 0.00 1.85 Selected Other 0.00 Canada 2.57 14.10 1.67 8.84 13.99 1.94 2.42 China 223.02 259.07 3.46 187.00 263.00 0.02 222.53 2018/19 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 341.60 1,123.65 162.93 702.30 1,144.30 180.89 320.94 World Less China 119.07 866.32 158.45 511.30 870.3 0 180.87 110.62 United States 54.37 364.26 0.71 137.93 310.47 52.46 56.41 Total Foreign 287.23 759.39 162.22 564.36 833.83 128.43 264.53 Major Exporters 4/ 16.12 211.04 2.27 85.30 107.10 111.28 11.05 Argentina 2.41 51.00 0.01 9.70 13.80 37.24 2.37 Brazil 9.28 101.00 1.66 57.00 67.00 39.75 5.19 Russia 0.20 11.42 0.04 7.60 8.50 2.77 0.38 South Africa 2.67 11.82 0.53 6.40 12.00 1.20 1.83 Ukraine 1.57 35.81 0.04 4.60 5.80 30.32 1.29 Major Impor ters 5/ 23.91 128.86 99.11 170.33 224.97 5.03 21.89 Egypt 1.85 6.80 9.37 13.70 16.20 0.00 1.81 European Union 6/ 9.82 64.36 25.21 68.00 88.00 3.63 7.76 Japan 1.39 0.00 16.05 12.30 16.00 0.00 1.44 Mexico 5.65 27.60 16.66 25.90 44.10 0.72 5.09 Southeast Asia 7/ 2.55 29.94 16.46 37.60 45.30 0.68 2.98 South Korea 1.85 0.08 10.86 8.56 10.95 0.00 1.83 Selected Other 0.00 Canada 2.42 13.89 2.63 9.37 15.16 1.80 1.98 China 222.53 257.33 4.48 191.00 274.00 0.02 210.32 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in ma rketing ye ars, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesi a, Malaysi a, Philippines, Thailand, and Vietnam. April 2020 WASDE - 599 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2019/2 0 Proj. Beginning Stocks Production Imports Domestic Feed Domest ic Total 2 / Exports Ending Stocks World 3/ Mar 320.81 1,112.01 168.62 705.80 1,135.47 165.83 297.34 Apr 320.94 1,113.02 169.03 709.28 1,130.79 165.93 303.17 World Less China Mar 110.49 851.24 161.62 515.80 856.47 165.81 98.27 Apr 110.6 2 852.25 162.03 519.28 851.79 165.91 104.10 United States Mar 56.41 347.78 1.27 140.34 313.58 43.82 48.07 Apr 56.41 347.78 1.14 144.15 308.37 43.82 53.15 Total Foreign Mar 264.40 764.22 167.35 565.46 821.89 122.01 249.27 Apr 264.53 765.24 167.89 565.12 822.42 122.11 250.02 Major Exporters 4/ Mar 11.30 217.08 1.27 85.70 108.35 108.70 12.59 Apr 11.05 217.16 1.27 86.10 108.80 108.20 12.48 Argentina Mar 2.61 50.00 0.01 10.30 15.00 33.50 4.12 Apr 2.37 50.00 0.01 10.30 15.00 33.50 3.87 Brazil Mar 5.19 101.00 1.20 57.00 67.00 36.00 4.39 Apr 5.19 101.00 1.20 57.00 67.00 36.00 4.39 Russia Mar 0.38 14.28 0.04 8.30 9.30 4.70 0.69 Apr 0.38 14.28 0.04 8.70 9.70 4.20 0.79 South Africa Mar 1.83 16.00 0.00 6.80 12.60 2.50 2.73 Apr 1.83 16.00 0.00 6.80 12.60 2.50 2.73 Ukraine Mar 1.29 35.80 0.02 3.30 4.45 32.00 0.66 Apr 1.29 35.89 0.02 3.30 4.50 32.00 0.70 Major Importers 5/ Mar 21.69 127.12 97.20 167.90 222.85 4.29 18.87 Apr 21.89 127.91 97.10 167.0 0 223.10 4.90 18.90 Egypt Mar 1.81 6.40 9.90 14.20 16.70 0.01 1.40 Apr 1.81 6.40 9.90 14.20 16.70 0.01 1.40 European Union 6/ Mar 7.84 65.00 21.00 62.00 82.50 2.90 8.44 Apr 7.76 66.63 21.00 62.00 83.50 3.60 8.29 Japan Mar 1.44 0.00 16.00 12.40 16.10 0.00 1.34 Apr 1.44 0.00 16.00 12.40 16.10 0.00 1.34 Mexico Mar 5.09 25.00 17.50 26.50 44.50 0.70 2.39 Apr 5.09 25.00 17.30 26.50 44.50 0.70 2.19 Southeast Asia 7/ Mar 2.83 30.56 17.70 39.80 47.50 0.68 2.91 Apr 2.98 29.72 17.50 38.70 46.55 0.59 3.06 South Korea Mar 1.93 0.08 10.80 8.50 10.90 0.00 1.91 Apr 1.83 0.08 11.40 9.00 11.40 0.00 1.91 Selected Other Canada Mar 1.98 13.40 1.50 8.50 13.90 0.90 2.08 Apr 1.98 13.40 1.50 8.50 13.90 0.90 2.08 China Mar 210.32 260.77 7.00 190.00 279.00 0.02 199.07 Apr 210.32 260.77 7.00 190.00 279.00 0.02 199.07 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world i mports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2020 WASDE - 599 - 24 World Rice Supply and Use (Milled Bas is) 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 149.89 494.92 46.98 482.28 47.25 162.53 World Les s China 51.39 346.05 41.48 339.77 45.88 53.53 United State s 1.46 5.66 0.87 4.30 2.76 0.93 Total Foreign 148.43 489.26 46.11 477.98 44.48 161.60 Major Exporters 4/ 27.64 181.69 0.76 144.77 36.45 28.88 Burma 0.55 13.20 0.01 10.20 2.75 0.81 India 20.55 112.76 0.00 98.67 12.04 22.60 Pakistan 1.34 7.50 0.00 3.40 4.01 1.42 Thailand 4.24 20.58 0.25 11.00 11.06 3.01 Vietnam 0.97 27.66 0.50 21.50 6.59 1.03 Major Importers 5/ 108.69 241.11 21.35 248.11 1.80 121.25 China 98.50 148.87 5.50 142.51 1.36 109.00 European Union 6/ 1.19 2.03 2.01 3.70 0.35 1.18 Indonesia 2.92 37.00 2.35 38.10 0.00 4.16 Nigeria 1.86 4.73 2.00 6.90 0.00 1.69 Philippines 2.00 12.24 1.30 13.25 0.00 2.29 Sel. Mideast 7/ 0.86 2.22 3.62 5.80 0.00 0.91 Selected Other 0.00 Brazil 0.63 8.20 0.56 7.75 1.15 0.49 C. Amer & Carib 8/ 0.67 1.64 1.60 3.25 0.04 0.63 Egypt 1.43 4.30 0.09 4.20 0.05 1.56 Japan 2.41 7.79 0.69 8.60 0.06 2.22 Mexico 0.17 0.18 0.81 0.92 0.10 0.15 South Korea 2.00 3.97 0.40 4.75 0.06 1.56 2018/19 Est. Beginning Stocks Productio n Imports Total /2 Domestic Exports Ending Stocks World 3/ 162.53 499.07 43.57 485.89 43.69 175.71 World Less China 53.53 350.58 40.57 343.17 40.92 60.71 United States 0.93 7.11 0.92 4.57 2.97 1.42 Total Foreign 161.60 491.96 42.65 481.33 40.72 174.29 Major Exporters 4/ 28.88 184.66 0.76 145.41 31.76 37.13 Burma 0.81 13.20 0.01 10.25 2.70 1.07 India 22.60 116.48 0.00 99.16 10.42 29.50 Pakistan 1.42 7.30 0.00 3.30 4.50 0.92 Thailand 3.01 20.34 0.25 11.50 7.56 4.54 Vietnam 1.03 27.34 0.50 21.20 6.58 1.10 Major Importers 5/ 121.25 241.91 16.83 249.67 3.18 127.14 China 109.00 148.49 3.00 142.72 2.77 115.00 European Union 6/ 1.18 1.98 2.15 3.80 0.30 1.20 Indonesia 4.16 36.70 0.60 38.10 0.00 3.36 Nigeria 1.69 4.79 1.90 7.00 0.00 1.38 Philippines 2.29 11.73 3.60 14.10 0.00 3.52 Sel. Mideast 7/ 0.91 2.01 3.83 5.90 0.00 0.84 Selected Other 0.00 Brazil 0.49 7.14 0.76 7.45 0.83 0.11 C. Amer & Carib 8/ 0.63 1.65 1.79 3.37 0.04 0.67 Egypt 1.56 2.80 0.81 4.15 0.02 1.00 Japan 2.22 7.66 0.63 8.40 0.07 2.05 Mexico 0.15 0.19 0.74 0.92 0.03 0.14 South Korea 1.56 3.87 0.29 4.57 0.05 1.09 1/ Aggregate of local marketing years. 2/ Total foreign a nd world use adjusted to reflect the differences in world i mports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ Burma, India, Pa kistan, Thailand, and Vietnam. 5/ Bangladesh, China, Niger ia, Europe an Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central Am erican and Caribbean countries. April 2 020 WASDE - 599 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Total /2 Domestic Export s Ending Stocks World 3/ Mar 175.32 499.3 1 42.04 492.32 44.28 182.30 Apr 175.71 496.08 41.21 490.19 42.17 181.60 World Less China Mar 60.32 352.58 39.64 349.39 41.08 64.30 Apr 60.71 349.35 38.81 347.26 38.97 63.60 United States Mar 1.42 5.86 1.03 4.22 3.14 0.95 Apr 1.42 5.86 1.02 4.22 3.14 0.94 Total Foreign Mar 173.90 493.45 41.01 488.10 41.14 181.35 Apr 174.29 490.22 40.20 485.97 39.03 180.67 Major Exporters 4/ Mar 36.88 185.60 0.66 149.05 32.10 41.99 Apr 37.13 183.57 0.66 149.05 30.60 41.71 Burma Mar 1.10 13.30 0.01 10.55 2.70 1.16 Apr 1.07 12.70 0.01 10.45 2.20 1.13 India Mar 29.50 118.00 0.00 102.00 10.50 35.00 Apr 29.50 118.00 0.00 102.30 10.20 35.00 Pakistan Mar 0.92 7.50 0.00 3.30 4.40 0.72 Apr 0.92 7.50 0.00 3.30 4.40 0.72 Thailand Mar 4.24 18.50 0.25 11.70 7.50 3.79 Apr 4.54 18.00 0.25 11.50 7.50 3.79 Vietnam Mar 1.12 28.30 0.40 21.50 7.00 1.32 Apr 1.10 27.37 0.40 21.50 6.30 1.07 Major Importers 5/ Mar 127.12 241.64 14.86 250.38 3.61 129.63 Apr 127.14 241.06 14.21 249.73 3.61 129.07 China Mar 115.00 146.73 2.40 142.93 3.20 118.00 Apr 115.00 146.73 2.40 142.93 3.20 118.00 European Union 6/ Mar 1.18 1.97 2.20 3.90 0.30 1.15 Apr 1.20 1.99 2.20 3.90 0.30 1.19 Indonesia Mar 3.36 36.50 1.00 37.80 0.00 3.06 Apr 3.36 36.50 1.00 37.80 0.00 3.06 Nigeria Mar 1.38 4.90 1.50 6.80 0.00 0.98 Apr 1.38 4.90 1.20 6.50 0.00 0.98 Philippines Mar 3.52 12.00 2.60 14.40 0.00 3.72 Apr 3.52 11.40 2.60 14.40 0.00 3.12 Sel. Midea st 7/ Mar 0.84 2.29 3.75 6.10 0.00 0.79 Apr 0.84 2.29 3.40 5.75 0.00 0.79 Selected Other Brazil Mar 0.23 7.14 1.10 7.50 0.60 0.37 Apr 0.11 7.14 0.85 7.45 0.50 0.15 C. Amer & Carib 8/ Mar 0.65 1.52 1.95 3.45 0.03 0.64 Apr 0.67 1.50 1.91 3.39 0.03 0.65 Egypt Mar 1.00 4.30 0.20 4.35 0.10 1.05 Apr 1.00 4.30 0.20 4.35 0.10 1.05 Japan Mar 1.95 7.80 0.69 8.40 0.07 1.97 Apr 2.05 7.61 0.69 8.30 0.07 1.97 Mexico Mar 0.14 0.18 0.79 0.93 0.01 0.16 Apr 0.14 0.18 0.79 0.93 0.01 0.16 South Korea Mar 0.95 3.74 0.55 4.45 0.06 0.74 Apr 1.09 3.74 0.55 4.10 0.06 1.23 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imp orts and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ Burma, India, P akistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central A merican and Caribbean countries. April 2020 WASDE - 599 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2017/18 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 80.26 123.78 41.15 122.75 41.58 0.12 80.74 World Less China 34.34 96.28 35.44 81.75 41.45 0.12 42.75 United States 2.75 20.92 3/ 3.23 16.28 -0.03 4.20 Total Foreign 77.51 102.86 41.15 119.53 25.31 0.15 76.54 Major Exporters 4/ 21.88 57.10 2.47 32.75 21.93 0.02 26.75 Central Asia 5/ 2.18 6.50 3/ 3.38 2.63 0.00 2.67 Afr. Fr. Zone 6/ 1.43 5.44 3/ 0.14 5.13 0.00 1.61 S. Hemis. 7/ 10.18 15.70 0.24 4.44 8.65 0.01 13.01 Australia 2.19 4.80 3/ 0.04 3.92 0.00 3.04 Brazil 6.93 9.22 0.08 3.40 4.17 0.00 8.66 India 7.88 29.00 1.68 24.15 5.18 0.00 9.23 Major Importers 8/ 54.18 42.93 36.05 82.74 2.35 0.12 47.95 Mexico 0.45 1.56 0.93 1.90 0.35 0.03 0.66 China 45.92 27.50 5.71 41.00 0.14 0.00 37.99 European Un ion 9/ 0.19 1.53 0.73 0.75 1.37 0.04 0.30 Turkey 1.53 4.00 4.02 7.45 0.33 0.00 1.78 Pakistan 2.32 8.20 3.40 10.90 0.16 0.03 2.83 Indonesia 0.62 3/ 3.52 3.50 0.01 0.00 0.63 Thail and 0.20 3/ 1.15 1.13 0.00 0.03 0.20 Bangladesh 1.63 0.14 7.60 7.50 0.00 0.01 1.86 Vietnam 0.88 3/ 7.00 6.60 0.00 0.00 1.29 2018/19 Est. Beginning Stocks Productio n Imports Domestic Use Exports Loss /2 Ending Stocks World 80.74 118.61 42.47 120.30 41.12 0.12 80.28 World Less China 42.75 90.86 32.83 80.80 40.91 0.12 44.61 United States 4.20 18.37 3/ 2.98 14.76 -0.02 4.85 Total Foreign 76.54 100.24 42.47 117.32 26.36 0.14 75.43 Major Exporters 4/ 26.75 54.61 2.48 32.99 22.13 0.02 28.68 Centra l Asia 5/ 2.67 5.44 3/ 3.80 2.01 0.00 2.31 Afr. Fr. Zone 6/ 1.61 5.42 3/ 0.14 5.31 0.00 1.58 S. Hemis. 7/ 13.01 17.31 0.18 4.39 10.86 0.01 15.23 Australia 3.04 2.20 3/ 0.04 3.63 0.00 1.57 Brazil 8.66 13.00 0.02 3.40 6.02 0.00 12.26 India 9.23 25.80 1.80 24.00 3.51 0.00 9.31 Major Importers 8/ 47.95 42.64 37.46 80.16 2.99 0.11 44.79 Mexico 0.66 1.74 0.85 1.95 0.50 0.03 0.77 China 37.99 27.75 9.64 39.50 0.21 0.00 35.67 European Un ion 9/ 0.30 1.71 0.64 0.69 1.72 0.03 0.22 Turkey 1.78 3.70 3.50 6.90 0.48 0.00 1.59 Pakistan 2.83 7.60 2.85 10.70 0.06 0.03 2.50 Indonesia 0.63 3/ 3.05 3.15 0.01 0.00 0.53 Thail and 0.20 3/ 1.08 1.08 0.00 0.03 0.18 Bangladesh 1.86 0.14 7.20 7.40 0.00 0.01 1.78 Vietnam 1.29 3/ 6.90 7.00 0.00 0.00 1.19 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to round ing and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending s tocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, C had, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regi ons listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes in tra-EU trade. April 2020 WASDE - 599 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2019/20 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Mar 80.18 121.59 43.57 118.16 43.60 0.19 83.40 Apr 80.28 121.71 40.68 110.58 40.64 0.19 91.26 World Less China Mar 44.51 94.34 35.32 81.66 43.42 0.19 48.90 Apr 44.61 94.46 33.18 75.58 40.46 0.19 56.02 United States Mar 4.85 19.80 0.01 3.00 16.50 0.06 5.10 Apr 4.85 19.80 0.01 2.90 15.00 0.06 6.70 filler filler filler filler filler filler filler Total Foreign Mar 75.33 101.79 43.57 115.16 27.10 0.13 78.30 Apr 75.43 101.91 40.67 107.68 25.64 0.13 84.56 Major Exporters 4/ Mar 28.57 57.81 2.98 34.05 22.70 0.02 32.58 Apr 28.68 57.86 2.63 31.08 21.40 0.02 36.67 Central Asia 5/ Mar 2.31 6.01 3/ 4.35 1.74 0.00 2.23 Apr 2.31 5.96 3/ 4.13 1.63 0.00 2.50 Afr. Fr. Zone 6/ Mar 1.44 6.10 3/ 0.14 5.71 0.00 1.69 Apr 1.58 6.10 3/ 0.14 5.27 0.00 2.27 S. Hemis. 7/ Mar 15.23 15.71 0.18 4.38 11.36 0.01 15.38 Apr 15.23 15.86 0.18 4.21 10.93 0.01 16.13 Australia Mar 1.57 0.68 3/ 0.04 1.30 0.00 0.91 Apr 1.57 0.63 3/ 0.04 1.20 0.00 0.96 filler filler filler filler filler filler filler Brazil Mar 12.26 13.00 0.03 3.40 8.80 0.00 13.08 Apr 12.26 13.20 0.03 3.30 8.60 0.00 13.58 India Mar 9.31 29.50 2.30 24.50 3.60 0.00 13.01 Apr 9.31 29.50 2.00 22.00 3.30 0.00 15.51 Major Importers 8/ Mar 44.80 40.93 37.73 76.91 2.91 0.11 43.53 Apr 44.79 40.97 35.03 72.68 2.81 0.11 45.19 Mexico Mar 0.77 1.57 0.80 1.95 0.43 0.03 0.74 Apr 0.77 1.57 0.70 1.85 0.38 0.03 0.79 China Mar 35.67 27.25 8.25 36.50 0.18 0.00 34.50 Apr 35.67 27.25 7.50 35.00 0.18 0.00 35.25 European Un ion 9/ Mar 0.23 1.96 0.65 0.69 1.83 0.03 0.29 Apr 0.22 2.00 0.64 0.63 1.78 0.03 0.42 Turkey Mar 1.59 3.40 4.30 7.30 0.35 0.00 1.64 Apr 1.59 3.40 4.00 6.80 0.35 0.00 1.84 Pakistan Mar 2.50 6.60 4.20 10.80 0.10 0.03 2.37 Apr 2.50 6.60 3.70 10.10 0.10 0.03 2.58 Indonesia Mar 0.53 3/ 3.00 3.00 0.01 0.00 0.53 Apr 0.53 3/ 2.90 2.80 0.01 0.00 0.63 Thailand Mar 0.18 3/ 0.95 0.95 0.00 0.03 0.15 Apr 0.18 3/ 0.88 0.85 0.00 0.03 0.18 Bangladesh Mar 1.78 0.14 7.30 7.40 0.00 0.01 1.81 Apr 1.78 0.14 6.90 6.90 0.00 0.01 1.91 Vietnam Mar 1.19 3/ 6.80 6.80 0.00 0.00 1.19 Apr 1.19 3/ 6.40 6.30 0.00 0.00 1.29 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to roundin g and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks ba sed on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Rep ublic, Cha d, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Jap an, Russia, South Korea, and Taiwan. 9/ Inc ludes intra-EU trade. April 2020 WASDE - 599 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 94.80 342.09 153.23 294.61 338.03 153.08 99.02 World Less China 74.68 326.81 59.13 204.61 231.73 152.94 75.95 United States 8.21 120.07 0.59 55.93 58.87 58.07 11.92 Total Foreign 86.59 222.02 152.64 238.68 279.15 95.01 87.09 Major Exporters 3/ 60.21 171.61 4.89 85.08 94.17 85.55 56.99 Argentina 27.00 37.80 4.70 36.93 43.63 2.13 23.73 Brazil 33.21 122.00 0.18 44.21 46.51 76.14 32.74 Paraguay 0.00 10.48 0.01 3.87 3.95 6.03 0.51 Major Importers 4/ 22.79 19.19 124.46 116.06 140.34 0.43 25.67 China 20.12 15.28 94.10 90.00 106.30 0.13 23.06 European Union 1.15 2.54 14.58 14.95 16.60 0.28 1.40 Southeast Asia 1.15 0.69 7.65 3.46 8.63 0.02 0.84 Mexico 0.15 0.43 4.87 5.25 5.29 0.00 0.17 2018/19 Est. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 99.02 358.65 144.64 297.85 343.19 148.30 110.81 World Less China 75.95 342.68 62.10 212.85 241.19 148.18 91.36 United States 11.92 120.5 2 0.38 56.94 60.52 47.56 24.74 Total Foreign 87.09 238.13 144.26 240.91 282.67 100.73 86.07 Major Exporters 3/ 56.99 183.98 6.56 87.01 96.31 91.35 59.88 Argentina 23.73 55.30 6.41 40.57 47.45 9.10 28.89 Brazil 32.74 117.00 0.14 42.47 44.81 74.59 30.48 Paraguay 0.51 8.85 0.01 3.90 3.97 4.90 0.50 Major Importers 4/ 25.67 19.84 115.00 112.86 138.00 0.31 22.19 China 23.06 15.97 82.54 85.00 102.00 0.12 19.46 Europ ean Union 1.40 2.66 14.98 15.50 17.16 0.18 1.71 Southeast Asia 0.84 0.66 8.30 3.81 9.12 0.02 0.66 Mexico 0.17 0.34 5.87 6.15 6.20 0.00 0.18 2019/20 Proj. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ Mar 111.88 341.76 150.75 303.45 350.07 151.88 102.44 Apr 110.81 338.08 151.47 302.84 348.41 151.50 100.45 World Less China Mar 92.42 323.66 62.75 217.45 246.37 151.75 80.71 Apr 91.36 319.98 62.47 216.84 244.71 151.37 77.72 United States Mar 24.74 96.84 0.41 57.29 60.76 49.67 11.56 Apr 24.74 96.84 0.41 57.83 60.62 48.31 13.07 Total Foreign Mar 87.14 244.92 150.34 246.16 289.31 102.21 90.88 Apr 86.07 241.24 151.06 245.01 287.79 103.19 87.39 Major Exporters 3/ Mar 59.88 192.10 4.06 91.33 101.16 93.23 61.65 Apr 59.88 188.60 4.06 89.83 99.66 94.73 58.15 Argentina Mar 28.89 54.00 3.90 43.60 50.70 8.20 27.89 Apr 28.89 52.00 3.90 41.60 48.70 8.20 27.89 Brazil Mar 30.48 126.00 0.15 43.75 46.40 77.00 33.23 Apr 30.48 124.50 0.15 44.25 46.90 78.50 29.73 Paraguay Mar 0.50 9.90 0.01 3.90 3.98 5.90 0.53 Apr 0.50 9.90 0.01 3.90 3.98 5.90 0.53 Major Importers 4/ Mar 22.56 21.83 121.84 114.59 140.74 0.42 25.07 Apr 22.19 21.83 122.57 114.55 140.55 0.40 25.64 China Mar 19.46 18.10 88.00 86.00 103.70 0.13 21.73 Apr 19.46 18.10 89.00 86.00 103.70 0.13 22.73 European Union Mar 1.73 2.60 15.20 15.90 17.61 0.25 1.67 Apr 1.71 2.60 15.10 15.90 17.56 0.25 1.60 Southeast Asia Mar 0.97 0.64 9.29 4.06 9.61 0.04 1.25 Apr 0.66 0.64 9.12 4.02 9.47 0.03 0.92 Mexico Mar 0.22 0.24 6.00 6.20 6.25 0.00 0.20 Apr 0.18 0.24 6.00 6.20 6.25 0.00 0.16 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -Septembe r year. 2 / World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentin a, Brazil, Paraguay, and Uruguay. 4/ Chi na, Europe an Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to rounding. April 2020 WASDE - 599 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.77 232.45 61.13 228.88 64.90 13.57 World Less China 13.77 161.17 61.11 158.78 63.70 13.57 United States 0.36 44.66 0.44 32.24 12.72 0.50 Total Foreign 13.41 187.80 60.69 196.64 52.19 13.07 Major Exporters 3/ 7.30 68.86 0.03 25.05 44.16 6.99 Argentina 3.34 28.40 0.00 3.00 26.27 2.48 Brazil 3.32 34.30 0.02 17.31 16.03 4.30 India 0.65 6.16 0.01 4.74 1.86 0.22 Major Importers 4/ 1.86 20.48 39.08 59.20 0.64 1.58 European Union 0.49 11.81 18.35 30.04 0.40 0.21 Mexico 0.04 4.15 1.82 5.95 0.02 0.04 Southeast Asia 5/ 1.24 2.70 17.18 19.69 0.23 1.21 2018/19 Est. Begi nning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 13.57 233.61 62.03 230.13 67.27 11.82 World Less China 13.57 166.29 62.01 163.72 66.34 11.82 United States 0.50 44.28 0.62 32.75 12.30 0.37 Total Foreign 13.07 189.33 61.41 197.38 54.97 11.45 Major Exporters 3/ 6.99 71.79 0.10 26.05 46.99 5.83 Argentina 2.48 31.20 0.03 3.13 28.83 1.74 Brazil 4.30 32.91 0.02 17.65 15.97 3.61 India 0.22 7.68 0.05 5.28 2.18 0.48 Major Importers 4/ 1.58 21.88 38.85 60.17 0.59 1.55 European Union 0.21 12.25 18.76 30.44 0.37 0.40 Mexico 0.04 4.86 1.84 6.58 0.01 0.15 Southeast Asia 5/ 1.21 2.97 16.66 19.75 0.20 0.89 2019/20 Proj. Beginning Stocks Productio n Imports Dom estic Total Exports Ending Stocks World 2/ Mar 12.59 238.49 63.78 236.64 66.89 11.33 Apr 11.82 238.09 63.73 236.42 66.74 10.48 World Less China Mar 12.59 170.38 63.77 169.49 65.91 11.33 Apr 11.82 169.97 63.72 169.27 65.76 10.48 United States Mar 0.37 44.88 0.45 33.38 11.98 0.34 Apr 0.37 45.34 0.50 33.66 12.20 0.34 Total Foreign Mar 12.22 193.61 63.33 203.26 54.91 10.99 Apr 11.45 192.75 63.23 202.77 54.54 10.14 Major Exporters 3/ Mar 5.82 74.12 0.08 27.25 46.85 5.91 Apr 5.83 72.99 0.08 27.15 46.45 5.30 Argentina Mar 1.74 33.53 0.00 3.28 30.00 1.99 Apr 1.74 32.00 0.00 3.28 29.00 1.46 Brazil Mar 3.61 33.95 0.03 18.48 15.40 3.71 Apr 3.61 34.35 0.03 18.38 16.00 3.61 India Mar 0.47 6.64 0.05 5.49 1.45 0.22 Apr 0.48 6.64 0.05 5.49 1.45 0.23 Major Importers 4/ Mar 2.15 22.46 40.03 62.25 0.49 1.90 Apr 1.55 22.43 39.55 61.67 0.52 1.35 European Union Mar 0.34 12.56 18.70 31.14 0.30 0.16 Apr 0.40 12.56 18.50 30.94 0.30 0.22 Mexico Mar 0.25 4.90 1.98 6.93 0.01 0.20 Apr 0.15 4.90 1.93 6.90 0.01 0.07 Southeast Asia 5/ Mar 1.40 3.17 17.68 20.66 0.18 1.40 Apr 0.89 3.13 17.45 20.35 0.21 0.92 1/ Data based on local marketing years except for Argentina and Bra zil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Japan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. April 2020 WASDE - 599 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 3.99 55.13 9.86 54.59 10.54 3.84 World Less China 3.32 39.00 9.38 38.09 10.33 3.27 United States 0.78 10.78 0.15 9.70 1.11 0.91 Total Foreign 3.21 44.34 9.71 44.89 9.43 2.94 Major Exporters 3/ 0.73 19.30 0.33 12.29 7.28 0.80 Argentina 0.28 7.24 0.00 3.08 4.16 0.27 Brazil 0.29 8.49 0.05 6.94 1.51 0.37 European Union 0.15 2.84 0.28 2.23 0.90 0.15 Major Importers 4/ 1.37 18.44 5.90 24.41 0.27 1.02 China 0.67 16.13 0.48 16.50 0.21 0.57 India 0.48 1.39 2.98 4.67 0.01 0.17 North Africa 5/ 0.13 0.70 1.58 2.16 0.06 0.19 2018/19 Est. Beginning Stocks Prod uctio n Imports Domestic Total Exports Ending Stocks World 2/ 3.84 55.71 10.41 54.96 11.18 3.82 World Less China 3.27 40.48 9.63 39.08 10.98 3.32 United States 0.91 10.98 0.18 10.38 0.88 0.81 Total Foreign 2.94 44.73 10.23 44.59 10.30 3.01 Major Exporters 3/ 0.80 19.71 0.45 12.24 7.78 0.93 Argentina 0.27 7.91 0.00 2.57 5.26 0.35 Brazil 0.37 8.15 0.02 7.17 1.08 0.30 European Union 0.15 2.95 0.42 2.46 0.79 0.27 Major Importer s 4/ 1.02 18.00 6.36 23.98 0.31 1.09 China 0.57 15.23 0.78 15.89 0.20 0.50 India 0.17 1.73 3.00 4.75 0.01 0.14 North Africa 5/ 0.19 0.74 1.56 2.18 0.10 0.22 2019/20 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Mar 3.55 56.78 11.17 56.63 11.55 3.32 Apr 3.82 56.66 10.78 55.73 11.49 4.05 World Less China Mar 3.05 41.37 10.07 40.23 11.40 2.86 Apr 3.32 41.25 9.78 39.42 11.34 3.59 United States Mar 0.81 11.02 0.20 10.39 0.95 0.69 Apr 0.81 11.10 0.17 10.16 1.09 0.83 Total Foreign Mar 2.75 45.76 10.96 46.24 10.59 2.63 Apr 3.01 45.56 10.61 45.57 10.40 3.22 Major Exporters 3/ Mar 0.97 20.66 0.41 12.63 8.36 1.05 Apr 0.93 20.36 0.46 12.41 8.06 1.29 Argent ina Mar 0.35 8.50 0.00 2.59 5.80 0.46 Apr 0.35 8.10 0.00 2.39 5.50 0.56 Brazil Mar 0.30 8.40 0.03 7.45 1.00 0.28 Apr 0.30 8.50 0.03 7.45 1.00 0.38 European Union Mar 0.27 3.02 0.38 2.53 0.85 0.29 Apr 0.27 3.02 0.43 2.53 0.85 0.34 Major Importers 4/ Mar 0.96 18.05 6.87 24.90 0.22 0.77 Apr 1.09 18.12 6.64 24.61 0.25 0.98 China Mar 0.50 15.41 1.10 16.40 0.15 0.46 Apr 0.50 15.41 1.00 16.30 0.15 0.46 India Mar 0.13 1.50 3.50 5.00 0.01 0.12 Apr 0.14 1.50 3.35 4.85 0.01 0.12 North Africa 5 / Mar 0.13 0.77 1.57 2.30 0.06 0.12 Apr 0.22 0.78 1.54 2.24 0.09 0.21 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not bal ance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Afri ca. 5/ Algeria, Egypt, Moro cco, and T unisia. Totals may not add due to rounding. April 2020 WASDE - 599 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turke y Total Poultry 3 / Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2018 Annual 26,872 26,315 53,417 42,601 5,878 49,018 102,435 9,205 217.6 2019 I 6,414 6,838 13,308 10,384 1,446 11,957 25,265 2,335 54.4 II 6,814 6,615 13,487 10,945 1,451 12,529 26,016 2,351 55.7 III 6,923 6,706 13,683 11,402 1,453 12,992 26,675 2,347 54.2 IV 7,000 7,478 14,534 11,175 1,467 12,773 27,306 2,414 54.0 Annual Mar Est. 27,151 27,637 55,011 43,905 5,818 50,251 105,262 9,447 218.4 Apr Est. 27,151 27,637 55,011 43,905 5,818 50,251 105,262 9,447 218.4 2020 I 6,925 7,395 14,372 11,110 1,450 12,693 27,065 2,350 55.9 II* 6,890 6,650 13,593 11,150 1,460 12,747 26,340 2,345 56.7 III* 6,780 7,250 14,082 11,550 1,485 13,177 27,259 2,385 54.9 IV* 6,850 7,740 14,644 11,350 1,515 12,995 27,639 2,445 54.6 Annual Mar Proj. 27,700 28,985 56,905 46,075 5,920 52,530 109,435 9,605 222.3 Apr Proj. 27,445 29,035 56,691 45,160 5,910 51,612 108,303 9,525 222.2 * Proj ection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & mutton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and g ilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2018 Annual 117.12 45.93 97.8 80.2 137.6 16.27 2019 I 125.27 40.67 94.0 82.8 107.3 16.97 II 118.79 57.95 97.7 85.5 69.7 17.93 III 108.16 50.08 82.0 90.8 81.9 18.97 IV 114.88 43.11 80.6 97.8 117.2 20.53 Annual Mar Est. 116.78 47.95 88.6 89.2 94.0 18.60 Apr Est. 116.78 47.95 88.6 89.2 94.0 18.60 2020 I 118.32 42.52 83.5 97.4 133.1 18.90 II* 105.00 41.00 70.0 102.0 125.0 12.90 III* 109.00 42.00 72.0 106.0 120.0 12.10 IV* 112.00 35.00 70.0 108.0 130.0 13.45 Annual Mar Proj. 114.5 48.0 83.0 100.5 106.0 18.25 Apr Proj. 111.0 40.0 74.0 103.5 127.0 14.35 *Projection. 1/ Simple ave rage of mo nths. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all mi lk. April 2020 WASDE - 599 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2018 649 26,938 2,998 30,585 3,161 662 26,762 57.3 2019 Est. Mar 662 27,217 3,057 30,936 3,022 642 27,272 58.0 Apr 662 27,217 3,057 30,936 3,022 642 27,272 58.1 2020 Proj. Mar 642 27,766 2,915 31,323 3,265 640 27,418 57.9 Apr 642 27,511 2,940 31,093 3,160 700 27,233 57.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2018 554 26,330 1,042 27,926 5,876 559 21,491 51.0 2019 Est. Mar 559 27,651 945 29,155 6,321 646 22,187 52.3 Apr 559 27,651 945 29,155 6,321 646 22,187 52.4 2020 Proj. Mar 646 28,999 815 30,460 7,750 655 22,055 51.6 Apr 646 29,049 815 30,510 7,475 780 22,255 52.3 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2018 1,246 53,507 4,313 59,066 9,043 1,266 48,757 109.7 2019 Est. Mar 1,266 55,101 4,274 60,640 9,349 1,330 49,962 111.6 Apr 1,266 55,101 4,274 60,640 9,349 1,330 49,962 111.9 2020 Proj. Mar 1,330 56,995 3,992 62,316 11,021 1,337 49,959 110.8 Apr 1,330 56,781 4,012 62,122 10,640 1,522 49,960 111.2 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2018 856 42,145 139 43,140 7,069 845 35,227 92.6 2019 Est. Mar 845 43,435 131 44,411 7,109 937 36,365 94.8 Apr 845 43,435 131 44,411 7,109 937 36,365 95.1 2020 Proj. Mar 937 45,582 131 46,650 7,430 940 38,280 99.2 Apr 937 44,677 133 45,746 7,230 840 37,676 97.9 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2018 310 5,878 19 6,206 611 303 5,293 16.2 2019 Est. Mar 303 5,818 12 6,133 639 233 5,261 16.0 Apr 303 5,818 12 6,133 639 233 5,261 16.0 2020 Proj. Mar 233 5,920 12 6,165 650 240 5,275 15.9 Apr 233 5,910 12 6,155 580 240 5,335 16.1 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2018 1,170 48,562 160 49,892 7,764 1,153 40,975 110.1 2019 Est. Mar 1,153 49,781 146 51,080 7,829 1,175 42,076 112.2 Apr 1,153 49,781 146 51,080 7,829 1,175 42,076 112.5 2020 Proj. Mar 1,175 52,036 146 53,357 8,152 1,187 44,018 116.5 Apr 1,175 51,128 148 52,451 7,890 1,089 43,472 115.5 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2018 2,416 102,069 4,473 108,958 16,807 2,419 89,732 219.8 2019 Est. Mar 2,419 104,881 4,420 111,720 17,179 2,504 92,037 223.7 Apr 2,419 104,881 4,420 111,720 17,179 2,504 92,037 224.3 2020 Proj. Mar 2,504 109,031 4,138 115,674 19,173 2,524 93,977 227.4 Apr 2,504 107,909 4,160 114,573 18,530 2,611 93,432 226.7 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally i nspect ed, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, p ork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. April 2020 WASDE - 599 - 33 U.S. Egg Supply and Use Commodity 2017 2018 2019 Est. 2019 Est. 2020 Proj. 2020 Proj. Mar Apr Mar Apr Eggs Million Dozen Supply Beginning Stocks 142.2 87.5 78.8 78.8 108.7 108.7 Production 8,947.2 9,205.0 9,447.5 9,447.5 9,605.0 9,525.0 Imports 34.2 17.8 14.5 14.5 14.0 14.0 Total Supply 9,123.6 9,310.3 9,540 .8 9,540.8 9,727.7 9,647.7 Use Exports 354.9 333.1 334.1 334.1 315.0 315.0 Hatching Use 1,035.2 1,057.5 1,079.4 1,079.4 1,120.0 1,100.0 Ending Stocks 87.5 78.8 108.7 108.7 126.0 135.0 Disappearance Total 7,646. 0 7,841.0 8,018.6 8,018.6 8,166.7 8,097.7 Per Capita (number) 282.1 287.8 292.1 292.9 295.7 294.0 Total U.S. Milk Supply and Use Commodity 2017 2018 2019 Est. 2019 Est. 2020 Proj. 2020 Proj. Mar Apr Mar Apr Milk Billion Pounds Production 215.5 217.6 218.4 218.4 222.3 222.2 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 12.7 13.4 13.8 13.8 13.7 13.7 Marketings 214.5 216.5 217.4 217.4 221.2 221.2 Imports 6.0 6.3 7.0 7.0 6.8 6.6 Total Cml. Supply 233.2 236.2 238.1 238.1 241.7 241.4 Fat Basis Use Commercial Exports 9.2 10.4 9.1 9.1 9.2 8.9 Ending Commercial Stocks 13.4 13.8 13.7 13.7 14.1 15.3 CCC Donations 0.0 0.0 0.2 0.2 0.3 0.3 Domestic Commercial Use 210.6 212.1 215.1 215.1 218.2 217.0 Skim -solid Basis Supply Beg. Commercial Stocks 9.5 11.8 10.7 10.7 10.2 10.2 Marketings 214.5 216.5 217.4 217.4 221.2 221.2 Imports 6.1 5.5 5.8 5.8 5.6 5.6 Total Cml. Supply 230.1 233.8 233.9 233.9 237.1 237.0 Skim-solid Basis Use Commercial Exports 40.8 44.7 41.6 41.6 43.9 42.1 Ending Commercial Stocks 11.8 10.7 10.2 10.2 10.4 11.4 CCC Donations 0.0 0.0 0.2 0.2 0.1 0.1 Domestic Commercial Use 177.5 178.5 181.9 181.9 182.7 183.3 Total Dairy domestic commercial use for 2020 includes additional milk marketed but not processed. Note: Totals may not add due to rounding. April 2020 WASDE - 599 - 34 U.S. Dairy Prices Commodity 2017 2018 2019 Es t. 2019 Est. 2020 Proj. 2020 Proj. Mar Apr Mar Apr Product Prices 1/ Dollars Per Pound Cheese 1.6344 1.5377 1.7586 1.7586 1.755 1.380 Butter 2.3303 2.2572 2.2431 2.2431 1.845 1.430 Nonfat Dry Milk 0.8666 0.7945 1.0419 1.0419 1.175 0.955 Dry W hey 0.4437 0.3422 0.3799 0.3799 0.355 0.345 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 16.17 14.61 16.96 16.96 16.65 12.75 Class IV 15.16 14.23 16.30 16.30 15.75 12.15 All Milk 3/ 17.65 16.27 18.60 18.60 18.25 14.35 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated pla nts fo r milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . April 2020 WASDE - 599 - 35 Reliability of April Projections 1/ Note: Tables on pages 35 -37 present a record of the April projection and the final Estimate. Using world wheat production as an example, the "root mea n square error" means that chan ces are 2 o ut of 3 that the current forecast will not be above or below the final estimate by more than 0.5 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 0.8 percent. The average difference between the April projection and the final estimate is 2.1 million tons, ranging from 0.1 million to 6.8 million tons. The April projection has been below the estimate 25 times and above 13 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 0.5 0.8 2.1 0.1 6.8 25 13 U.S. 0.1 0.2 0.1 0.0 0.3 16 11 Foreign 0.6 1.0 2.0 0.2 6.8 25 13 Exports World 3.9 6.7 4.1 0.4 14.3 29 9 U.S. 2.5 4.3 0.6 0.0 2.1 16 21 Foreign 5.0 8.6 4.1 0.1 13.3 29 9 Dome stic Use World 0.8 1.3 3.5 0.1 9.4 17 21 U.S. 3.2 5.4 0.8 0.0 2.2 15 23 Foreign 0.8 1.3 3.3 0.0 9.6 17 20 Ending Stocks World 3.2 5.4 3.9 0.0 14.5 27 10 U.S. 8.3 14.0 0.9 0.0 4.1 25 13 Foreign 3.5 6.0 3.5 0.0 12.6 28 9 COARSE GRAINS 2/ Production World 1.1 1.8 9.2 0.3 42.1 31 7 U.S. 0.2 0.3 0.1 0.0 1.3 17 7 Foreign 1.5 2.6 9.2 0.3 42.1 31 7 Exports World 4.7 8.0 4.9 0.1 21.8 27 11 U.S. 6.8 11.5 2.8 0.0 7.2 21 17 Foreign 7.5 12.8 4.7 0.3 21.2 29 9 Domestic Use World 0.9 1.5 6.3 0.0 20.3 17 21 U.S. 2.4 4.0 3.3 0.1 16.8 14 24 Foreign 1.0 1.8 6.0 0.2 22.7 23 15 Ending Stocks World 9.9 16.7 12.9 0.2 144.9 33 5 U.S. 11.2 19.1 3.7 0.0 12.1 19 19 Foreign 12.4 21.1 11.1 0.5 144.9 32 6 RICE, milled Production World 1.3 2.2 3.4 0.2 13.3 31 7 U.S. 1.4 2.3 0.0 0.0 0.2 11 5 Foreign 1.3 2.2 3.4 0.1 13.3 31 7 Exports World 8.0 13.6 1.5 0.1 4.5 29 9 U.S. 6.4 10.8 0.1 0.0 0.5 17 18 Foreign 8.9 15.0 1.4 0.0 4.4 29 9 Domestic Use World 1.1 1.8 2.9 0.1 13.7 27 11 U.S. 7.1 12.0 0.2 0.0 0.5 14 23 Foreign 1.1 1.8 2.9 0.2 13.4 27 11 Ending Stocks World 8.3 14.0 4.3 0.1 26.1 27 11 U.S. 19.0 32.2 0.2 0.0 0.4 22 16 Foreign 8.6 14.6 4.3 0.1 26.1 26 12 1/ Footnote s at end o f table. CONTINUED April 2020 WASDE - 599 - 36 Reliability of April Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 1.7 2.8 2.5 0.2 7.9 22 16 U.S. 1.4 2.3 0.7 0.0 3.2 16 15 Foreign 2.8 4.7 2.4 0.0 8.1 24 14 Expo rts World 5.0 8.5 2.5 0.1 10.3 24 14 U.S. 5.6 9.6 1.4 0.0 6.3 27 11 Foreign 11.5 19.5 2.1 0.2 8.8 21 17 Domestic Use World 1.8 3.0 2.6 0.0 10.3 20 18 U.S. 2.2 3.8 0.8 0.1 2.4 25 13 Foreign 2.2 3.7 2.3 0.0 10.4 18 20 Ending S tocks World 11.4 19.4 3.2 0.3 12.0 22 16 U.S. 35.0 59.4 1.7 0.1 6.8 13 25 Foreign 12.6 21.4 2.9 0.0 12.8 25 13 COTTON Million 480 -Pound Bales Production World 1.6 2.7 1.1 0.0 5.2 28 9 U.S. 0.3 0.5 0.0 0.0 0.2 16 14 Foreign 1.9 3.3 1.1 0.0 5.1 27 10 Exports World 4.2 7.1 1.0 0.1 4.2 24 14 U.S. 4.7 8.0 0.4 0.0 1.4 16 19 Foreign 5.2 8.9 0.8 0.1 3.9 24 14 Domestic Use World 1.6 2.7 1.3 0.0 4.6 22 16 U.S. 3.2 5.4 0.2 0.0 0.6 18 16 Foreign 1.7 2.8 1.3 0.2 4.5 22 16 Ending Stocks World 6.9 11.8 2.7 0.0 8.2 25 13 U.S. 13.9 23.7 0.4 0.0 1.6 15 23 Foreign 7.4 12.6 2.7 0.1 8.0 23 15 1/ Marketing years 1981/82 through 2018/19 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the fir st November estimate following the marketing year for 1981/82 through 2018/19. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. April 2020 WASDE - 599 - 37 Reliability of United Stat es April P rojections 1/ Differences between forecast and f inal estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 0.2 0.3 2 0 38 1 2 Exports 6.8 11.6 101 13 248 18 20 Domestic Use 2.2 3.8 115 5 474 15 23 Ending Stocks 12.8 21.8 146 3 470 19 19 SORGHUM Production 0.1 0.2 0 0 4 0 2 Exports 11.9 20.2 20 0 72 26 11 Domestic Use 9.7 16.5 23 0 158 15 21 Ending Stocks 38.5 65.4 21 0 148 17 20 BARLEY Production 0.7 1.3 1 0 11 17 4 Exports 14.2 24.0 4 0 13 10 23 Domestic Use 5.0 8.6 10 0 64 16 19 Ending Stocks 11.6 19.7 12 0 52 25 12 OATS Production 0.3 0.6 0 0 2 4 4 Exports 33.3 56.5 0 0 3 6 6 Domestic Use 4.0 6.9 8 0 26 12 24 Ending Stocks 14.4 24.5 9 1 30 24 14 SOYB EAN MEAL Thousand Short Tons Production 2.7 4.6 828 35 2,667 29 9 Exports 8.1 13.7 544 25 2,326 30 8 Domestic Use 2.2 3.7 488 100 2,066 26 12 Ending Stocks 35.2 59.7 71 0 253 15 21 SOYBEAN OIL Million Pounds Production 2.7 4.5 397 15 1,058 29 9 Exports 15.5 26.3 217 0 650 25 12 Domestic Use 2.0 3.3 250 0 576 23 14 Ending Stocks 17.4 29.5 241 5 753 24 14 ANIMAL PROD. Million Pounds Beef 2.4 4.0 488 19 1,388 24 14 Pork 2.1 3.6 296 10 983 24 14 Broilers 1.3 2.3 293 6 895 26 12 Turk eys 2.5 4.3 100 3 398 19 19 Million Dozen Eggs 1.6 2.7 88 10 433 27 11 Billion Pounds Milk 1.1 1.9 1.2 0.0 5.2 17 14 1/ See pages 3 5 and 36 f or record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 t hrough 2018/19 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketin g year for 1981/82 through 2018/19. Calendar years 1982 through 2018 for meats, eggs, and milk. Final f or animal products is defined as the latest annual production estimate published by NASS for 1982 -2018. WASDE- 599-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other gov ernment agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricult ural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/o ce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Fore ign Production Assessments Preliminary foreign production assessments and satellite imagery analysi s used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kil ogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ To subscribe to receive WASDE -related notifications by email or text message visit https://public.govdelivery.com/accounts/USDAOC/subscriber/new?topic_id=USDAOC_223 . Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at 202 -720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE -599 – April 9, 2020 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disabil ity, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 640 Approved by the World Agricultural Outlook Board September 12, 2023 WHEAT: The 2023/24 U.S. all wheat outlook for supply and use is unchanged this month with offsetting by -class changes on exports. The projected 2023/24 season- average farm price is also unchanged at $7.50 per bushel. The 2023/24 global wheat outlook lowers supplies, consumption, exports, and ending stocks compared with last month. Supplies are projected to decline 7.2 million tons to 1,054.5 million, primarily on lower production for Australia, Canada, Argentina, and the EU, which is only partly offset by an increase for Ukraine. If realized, this would be the first year -to-year decline in global wheat production since 2018/19. Australia is reduced 3.0 million tons to 26.0 million as dry weather this past month in Western Australia, New South Wales, and Queensland lowers yield prospects. Canada is decreased 2.0 million tons to 31.0 million on the initial model -based forecast by Statistics Canada for the 2023/24 crop, indicating lower yields from last year arising from dry conditions across the Prairies. Despite smaller global supplies, world consumption is nearly unchanged with decreased Food, Seed, and Industrial use mostly offset by increased feed and residual use. Feed and residual use is raised by 1.0 million tons for both China and the EU due to wet weather during harvest that is expected to result in higher amounts of lower -quality wheat used for feed. Global trade is trimmed 2.1 million tons to 207.3 million as reductions for Australia, Canada, and the EU are only partly offset by increases for Russia and Kazakhstan. World ending stocks are reduced 7.0 million tons to 258.6 million and would be the lowest since 2015/16. Ending stocks are tightened in many countries this month, particularly for several major wheat exporters. COARSE GRAINS: This month’s 2023/24 U.S. corn outlook is for slightly larger supplies and ending stocks. Projected beginning stocks for 2023/24 are 5 million bushels lower based on mostly offsetting trade and corn used for ethanol changes for 2022/23. Corn production for 2023/24 is forecast at 15.1 billion bushels, up 23 million from last month as greater harvested area more than offsets a reduction in yield. The national average yield is forecast at 173.8 bushels per acre, down 1.3 bushels. Harvested area for grain is forecast at 87.1 million acres, up 0.8 million. Total U.S. corn use is unchanged at 14.4 billion. With supply rising slightly and use unchanged, ending stocks are up 19 million bushels to 2.2 billion. The season -average corn price received by producers is unchanged at $4.90 per bushel. This month’s 2023/24 foreign coarse grain outlook is for reduced production, marginally lower trade, and larger stocks relative to last month. Foreign corn production is virtually unchanged with an increase for Ukraine largely offset by a decline for the EU. Ukraine corn production is raised on an increase in yield expectations , while EU corn production is lowered based on reductions for France and Bulgaria that are partly offset by an increase for Germany. Foreign barley production is reduced on a decline for Canada that is partly offset by larger production for Russia. Major global coarse grain trade changes for 2023/24 include lower barley exports for Canada with a partly offsetting increase for Russia. Foreign corn ending stocks are raised 2.5 million tons WASDE- 640-2 to 257.6 million, reflecting increases for Brazil, Mexico, Ukraine, and China that are partially offset by a decline for Argentina. World corn ending stocks at 314.0 million tons are up 2.9 million relative to last month. RICE : The outlook for 2023/24 U.S. rice this month is for larger supplies, exports, domestic use, and ending stocks. Supplies are increased on higher beginning stocks, production, and imports. Beginning stocks are raised 5.7 million cwt to 30.3 million on the NASS Rice Stocks report, released August 23. The 2023/24 all rice production forecast is raised by 17.3 million cwt to 220.9 million, on higher harvested area and yields, as indicated by the NASS September Crop Production report. The average all rice yield is up 52 pounds per acre to a record 7,751 pounds. All rice imports are raised 1.0 million cwt to 39.0 million as the growth in consum ption of Asian aromatics is expected to continue despite significantly larger U.S. supplies. Total domestic and residual use is projected higher at a record 162.0 million cwt with greater supplies. Total exports are also projected higher at 85.0 million cwt on larger supplies and more competitive U.S. prices. All rice 2023/24 ending stocks are projected 12.0 million cwt higher at 43.2 million. The 2023/24 all rice season- average farm price (SAFP) is projected at $16.80 per cwt, down $0.90 from last month on reductions in the SAFPs for all rice classes. The 2023/24 global rice outlook this month is for reduced supplies, consumption, trade, and stocks. World supplies are reduced 4.4 million tons to 690.3 million, mostly on lower beginning stocks and production for India. The country’s beginning stocks are reduced on a 3.0-million -ton increase in 2022/23 consumption as implied by the latest government stocks report. India’s 2023/24 rice production is lowered 2.0 million tons to 132.0 million on below -average m onsoon rains in August affecting the kharif crop. Global 2023/24 rice consumption is lowered 0.2 million tons to 522.7 million as reductions for Bangladesh and Vietnam more than offset an increase for India. World trade is projected at 52.2 million tons, down 0.8 million as reduced exports from India are only partially offset by higher exports from Thailand, Vietnam, and the United States. The Government of India has imposed further restrictions on rice exports with an export tax on parboiled rice and a minimum export price for basmati. Projected 2023/24 world ending stocks are 167.6 million tons, down 4.2 million with most of the reduction for India. OILSEEDS: U.S. soybean supply and use changes for 2023/24 include lower beginning stocks, production, crush, exports, and ending stocks. Lower beginning stocks reflect an increase for exports in 2022/23. Soybean production is projected at 4.1 billion bushels, down 59 million with higher harvested area offset by a lower yield. Harvested area is raised 0.1 million acres from the August forecast. The soybean yield of 50.1 bushels per acre is down 0.8 bushels from last month. The soybean crush forecast is reduced 10 million bushels and the export forecast is reduced 35 million bushels on lower supplies. Ending stocks are projected at 220 million bushels, down 25 million from last month. The U.S. season- average soybean price is forecast at $12.90 per bushel, up $0.20 from last month. The soybean meal price is unchanged at $380 per short ton and the soybean oil price is raised 1.0 cent to 63.0 cents per pound. Other changes this month include higher peanut and lower cottonseed production. Foreign 2023/24 oilseed production is reduced 1.0 million tons to 538.7 million mainly on lower rapeseed production for Canada and the EU, lower sunflowerseed production for the EU, and lower cottonseed production for India. Partly offsetting is higher sunflower, soybean, and rapeseed production for Ukraine. The canola crop for Canada is lowered 0.8 million tons to 18.2 million, refle cting recent government reports and drought conditions in the southwestern Prairies during the growing season. WASDE- 640-3 Global 2023/24 soybean crush is reduced 1.8 million tons to 327.7 million on lower crush for Argentina, Pakistan, the EU, Thailand, and the Uni ted States. Argentina’s crush is reduced 1.8 million tons to 34.5 million on lower expected supplies over the next several months prior to next year’s harvest. China’s crush is raised 1.0 million tons to 96.0 million in line with higher crush and domestic soybean meal demand in the prior marketing year. Global soybean exports are reduced 0.4 million tons to 168.4 million as lower U.S. exports are partly offset by higher shipments from Brazil and Ukraine. Imports are reduced for Pakistan, Thailand, the EU, and Indonesia. Conversely, China’s imports for 2022/23 and 2023/24 are increased on higher crush demand and large shipments from Brazil that are expected to continue into the next marketing year. Global soybean ending stocks are reduced 0.2 million tons to 119.2 million. SUGAR: U.S. sugar supply for 2022/23 is raised by 90,589 short tons, raw value (STRV) on increased production and imports while use is decreased by 55,000 on lower deliveries partially offset by an increase in exports. Beet sugar production is increased 31,812 STRV on final August -July crop year production reported by processors in the SMD. Production benefitted from high relative levels of sucrose recovery in all regions but especially in the Red River Valley. The production estimate for August and September 2023 for sugarbeets harvested this season is unchanged. A small reduction is made for lower cane sugar production than reported last month for Texas. High-tier tariff imports are increased by 60,000 STRV on additional imports of raw sugar by cane refiners in August. High-tier tariff refined sugar imports for August were close to that estimated last month and are, therefore, unchanged. For use, deliveries for human consumption are lowered 75,000 STRV to 12.500 million, reflecting a continuing decrease in the delivery pace seen these last few months and with only two months of remaining data to be reported in the fiscal year. These final month deliveries can be influenced by the level of beet sugar production occurring during this period. The delivery decrease is partially offset by a combined 20,000- STRV increase in exports and deliveries to re- export sugar product manufacturers. Ending stocks are increased by 145,589 STRV to 2.159 million for ending stocks - to-use ratio of 17.06 percent, an increase of 1.22 percentage points over last month. U.S. sugar supply for 2023/24 is decreased by 277,945 STRV on decreases in production and imports only partially offset by an increase in beginning stocks. Cane sugar production for 2023/24 in Louisiana is lowered by 371,403 STRV to 1.682 million. NASS lowered Louisiana sugarcane yield to 27.2 tons/acre reflecting the effect of the ongoing widespread drought. Because processors were unchanged in their aggregate assessment of sucrose recovery, sugar product ion is lowered by the full effect of the lower yield on sugarcane. NASS increased the sugarbeet yield on the national level to 31.5 tons/acre and also increased area harvested by a small amount, implying an increase in beet sugar production to 5.223 million STRV, an increase of 149,619 over last month. Sugar imports from Mexico are lowered by 201,750 STRV in anticipated accordance with the CVD Suspension Agreements administered by the DOC. Use is lowered by 50,000 STRV on lower deliveries for human consumption on a continuation of the slowing trend of deliveries seen in the second half of 2022/23. Supply and use changes imply lower ending stocks of 1.714 million STRV for an ending stocks -to-use ratio of 13.5 percent. Mexico sugar supply for 2022/23 is increased by 53,598 metric tons (MT) to 6.442 million on an increase in imports. Sugar stocks have decreased substantially in May -July driving domestic prices to historically high levels, incentivizing high- tier tariff imports. A wide range of imports between 215,000 and 292,000 MT are considered plausible and a mean level of 253,598 MT is estimated in the WASDE. Mexico sugar production for 2023/24 is lowered by 100,000 to 5.800 million MT due to the ongoing widespread drought. Imports to the United States are projected at 1.099 million MT as per the CVD Suspension Agreement provisions as indicated above. WASDE- 640-4 LIVESTOCK, POULTRY, AND DAIRY : The forecast for 2023 red meat and poultry production is lowered from last month, on lower beef, pork, and broiler forecasts. Beef production is reduced on a slower pace of marketings in the third quarter. This decline is only partly offset by higher expec ted carcass weights in that quarter and higher expected cow slaughter in the third and fourth quarters. Pork production is lowered for the second half with a slower expected pace of slaughter and lighter carcass weights. Broiler production is lowered on current slaughter data and expectations of a lower number of chicks placed and lighter bird weights. Turkey production is unchanged from last month. Egg production is reduced on hatchery data. For 2024, the red meat and poultry production forecast is reduced on lower broiler production as weaker prices are expected to constrain production growth. No changes are made to beef, pork, or turkey forecasts. The slower pace of egg production growth for 2023 is expected to carry into the first part of 2024, reducing the production forecast. Beef import forecasts for 2023 and 2024 are raised on continued strength in demand and availability of supplies in Oceania. Beef exports are lowered for 2023 and 2024 on tight domestic supplies and strong competition in Asian markets. Pork imports are increased for 2023 on the current pace of trade but are unchanged for 2024. Pork exports are lowered for both 2023 and 2024 on weaker demand. Broiler exports for 2023 and 2024 are reduced on the current pace of trade and a lower production forecast. Turkey exports are raised for 2023 and 2024 as prices are expected to be attractive for buyers. Cattle price forecasts for 2023 and 2024 are unchanged from last month. The hog price forecast for 2023 is lowered on a sharper decline in recent prices than previously expected; however, the price forecast for 2024 is unchanged. The broiler price forecast for third quarter 2023 is raised on current prices but the forecasts for the outlying quarters, including 2024, are unchanged from last month. T urkey price forecasts for 2023 and 2024 are reduced on continued weakness in demand. Egg price forecasts are raised on slower expected production growth. The milk production forecasts for 2023 and 2024 are lowered from last month. The cow inventory is reduced, reflecting the average July 2023 cow number reported in the recent Milk Production report. The reduction in cow numbers is expected to continue through 2023 and into the first half of 2024 as returns remain under pressure. For 2023, output -per-cow is forecast to increase at a lower rate than previously expected on recent data and the expected impact of high temperatures during the summer. However, the forecast of milk per cow for 2024 is unchanged. Fat basis import forecasts for 2023 and 2024 are lower ed, largely driven by recent trade data and lower expected imports of cheese and butter throughout the forecast period. Skim -solids basis imports are unchanged for 2023 and 2024. Fat basis export forecasts are unchanged for 2023, while skim -solids basis ex port forecasts are lowered on weaker whey exports. For 2024, exports on a fat basis are lowered on expectations of fewer shipments of butter and fat containing products and cheese, while exports on a skim- solids basis are reduced, reflecting lower cheese, and whey and whey products shipments. For 2023, forecasts for cheese, butter, and whey prices are raised on current price strength, but nonfat dried milk (NDM) is lowered. Both Class III and Class IV prices are raised, reflecting changes in their component values. For 2024, price forecasts for cheese, butter and whey are raised on lowered milk production and continued firm demand. NDM price forecasts are lowered. The Class III price forecast is raised on higher cheese and whey prices while the Class IV price forecast is raised as the higher butter price more than offsets the lower NDM price. The 2023 all milk price forecast is raised to $20.40 per cwt and the 2024 all milk price is raised to $20.30 per cwt. WASDE- 640-5 COTTON : The 2023/24 U.S. cotton projections include higher beginning stocks but lower production, exports, and ending stocks. Beginning stocks are increased 550,000 bales, largely reflecting ending stocks data for the previous year from the Agricultural Marketing Service and the NASS Cotton System Consumption and Stocks report. Beginning stocks were also increased for 2022/23 as unexpectedly large warehouse stocks reported for July 31, 2023 indicated stocks in-transit as of July 31, 2022 were higher than previously estimated. The 2023/24 U.S. production forecast is 860,000 bales lower this month, with the Southeast and Southwest leading the decline. Projected consumption is unchanged from August, but exports are down 200,000 bales and ending stocks are 100,000 bales lower. The season- average price for upland cotton projected for 2023/24 is 80 cents per pound, up 1 cent from the previous month. The 2023/24 world cotton projections include lower beginning stocks, production, consumption, trade, and ending stocks relative to last month. Beginning stocks are about 1.0 million bales lower as the effects of upward revisions for earlier years’ consumption in China and Turkey more than offset the impact of larger U.S. and Brazil beginning stocks. World production is projected 1.7 million bales lower as reductions for the United States, India, the African Franc Zone, Greece, and Mexico more than offset an increase for Brazil. World consumption is also more than 1.0 million bales lower, with reductions in India, Bangladesh, Mexico, and Vietnam. World trade is 600,000 bales lower with net import reductions for Bangladesh and Vietnam, and export reductions for the Franc Zone, the United States, Australia, Greece, and Mexico more than offsetting a 550,000- bale increase for Brazil. World ending stocks are 1.6 million bales lower this month, at 90.0 million bales. Approved by the Secretary of Agriculture and by the Chairman of the World Agricultural Outlook Board, Mark Jekanowski, (202) 720 -6030 . This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY : THOMAS J. VILSACK SECRETARY OF AGRICULTURE WASDE- 640-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone, ICEC Chair, WAOB, [email protected] Andrew Sowell, ERS; Amy Gaito , FAS; Bruce McWilliams, FPAC. Rice: Mark Simone, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS ; Kent Lanclos, FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Aaron Ates , ERS; Kevin Min, FAS; Jacob Vuillemin, FPAC. Oilseeds: Joanna Hitchner , ICEC Chair, WAOB, [email protected] Maria Bukowski, ERS; Agata Kingsbury, FAS; Gustavo Ferreira, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; Graham Soley, FAS; Kent Lanclos, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Vida Abadam, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; John Brower, FAS; Georgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Grace Grossen, ERS; Claire Mezoughem, FAS; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Angel Teran, ERS; Jeffery Dwyer, FAS; Georgi Gabrielyan, FPAC. In 2023 the WASDE report will be released on Oct 12, Nov 9, and Dec 8. WASDE- 640-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Production .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 September 2023 WASDE - 640 - 8 World and U.S. Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2021/22 2798.97 3593.34 513.58 2800.08 793.27 2022/23 (Est.) 2750.48 3543.75 495.76 2776.18 767.56 filler filler filler filler filler 2023/24 (Proj.) Aug 2811.58 3579.82 498.07 2805.64 774.18 2023/24 (Proj.) Sep 2801.92 3569.49 494.93 2803.72 765.77 filler filler filler filler filler Wheat 2021/22 781.01 1065.10 202.78 792.44 272.66 2022/23 (Est.) 790.59 1063.25 219.90 796.12 267.13 filler filler filler filler filler 2023/24 (Proj.) Aug 793.37 1061.68 209.39 796.07 265.61 2023/24 ( Proj.) Sep 787.34 1054.47 207.34 795.86 258.61 filler filler filler filler filler Coarse Grains 5/ 2021/22 1504.08 1827.05 253.89 1488.88 338.17 2022/23 (Est.) 1446.32 1784.49 221.56 1456.30 328.19 filler filler filler filler filler 2023/24 (Proj.) Aug 1497.26 1823.41 235.69 1486.62 336.79 2023/24 (Proj.) Sep 1496.50 1824.70 235.44 1485.13 339.56 filler filler filler filler filler Rice, milled 2021/22 513.88 701.20 56.90 518.76 182.44 2022/23 (Est.) 513.56 696.00 54.30 523.76 172.24 filler filler filler filler filler 2023/24 (Proj.) Aug 520.94 694.73 52.99 522.95 171.78 2023/24 (Proj.) Sep 518.08 690.32 52.15 522.73 167.60 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2021/22 448.60 513.41 94.82 360.73 57.85 2022/23 (Est.) 408.46 474.18 67.85 350.31 56.02 filler filler filler filler filler 2023/24 (Proj.) Aug 452.48 515.79 80.24 358.97 76.58 2023/24 (Proj.) Sep 453.31 516.70 80.40 358.94 77.37 filler filler filler filler filler Wheat 2021/22 44.80 70.42 21.66 29.76 19.01 2022/23 (Est.) 44.90 67.23 20.65 30.79 15.79 filler filler filler filler filler 2023/24 (Proj.) Aug 47.20 66.52 19.05 30.73 16.75 2023/24 (Proj.) Sep 47.20 66.52 19.05 30.73 16.75 filler filler filler filler filler Coarse Grains 5/ 2021/22 397.71 434.32 70.52 326.22 37.58 2022/23 (Est.) 358.47 399.34 45.16 314.90 39.27 filler filler filler filler filler 2023/24 (Proj.) Aug 398.82 440.82 58.65 323.32 58.85 2023/24 (Proj.) Sep 399.10 440.97 58.65 323.07 59.26 filler filler filler filler filler Rice, milled 2021/22 6.08 8.67 2.65 4.76 1.26 2022/23 (Est.) 5.09 7.62 2.04 4.62 0.96 filler filler filler filler filler 2023/24 (Proj.) Aug 6.47 8.45 2.54 4.92 0.99 2023/24 (Proj.) Sep 7.01 9.21 2.70 5.14 1.37 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). September 2023 WASDE - 640 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2021/22 2,350.38 3,079.94 418.75 2,439.35 735.41 2022/23 (Est.) 2,342.02 3,069.56 427.91 2,425.87 711.54 filler filler filler filler filler 2023/24 (Proj.) Aug 2,359.10 3,064.02 417.83 2,446.67 697.59 2023/24 (Proj.) Sep 2,348.62 3,052.78 414.53 2,444.78 688.40 filler filler filler filler filler Wheat 2021/22 736.21 994.68 181.13 762.68 253.65 2022/23 (Est.) 745.69 996.03 199.25 765.33 251.35 filler filler filler filler filler 2023/24 (Proj.) Aug 746.18 995.16 190.34 765.34 248.87 2023/24 (Proj.) Sep 740.14 987.95 188.29 765.13 241.87 filler filler filler filler filler Coarse Grains 5/ 2021/22 1,106.37 1,392.73 183.38 1,162.66 300.59 2022/23 (Est.) 1,087.86 1,385.16 176.39 1,141.40 288.92 filler filler filler filler filler 2023/24 (Proj.) Aug 1,098.45 1,382.59 177.04 1,163.30 277.94 2023/24 (Proj.) Sep 1,097.41 1,383.73 176.79 1,162.07 280.31 filler filler filler filler filler Rice, milled 2021/22 507.80 692.53 54.25 514.00 181.18 2022/23 (Est.) 508.47 688.38 52.26 519.15 171.28 filler filler filler filler filler 2023/24 (Proj.) Aug 514.48 686.27 50.45 518.03 170.78 2023/24 (Proj.) Sep 511.07 681.11 49.45 517.58 166.23 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grain s. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2021/22 115.62 200.43 43.20 115.95 84.50 2022/23 (Est.) 118.70 203.20 36.98 110.91 93.18 filler filler filler filler filler 2023/24 (Proj.) Aug 114.12 208.25 43.86 116.94 91.60 2023/24 (Proj.) Sep 112.39 205.57 43.27 115.88 89.96 filler filler filler filler filler United States 2021/22 17.52 20.68 14.48 2.55 4.05 2022/23 (Est.) 14.47 18.52 12.77 2.05 4.25 filler filler filler filler filler 2023/24 (Proj.) Aug 13.99 17.70 12.50 2.15 3.10 2023/24 (Proj.) Sep 13.13 17.39 12.30 2.15 3.00 filler filler filler filler filler Foreign 4/ 2021/22 98.10 179.76 28.72 113.40 80.45 2022/23 (Est.) 104.23 184.68 24.22 108.86 88.93 filler filler filler filler filler 2023/24 (Proj.) Aug 100.12 190.55 31.36 114.79 88.50 2023/24 (Proj.) Sep 99.26 188.18 30.97 113.73 86.96 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. September 2023 WASDE - 640 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2021/22 611.73 727.53 178.87 510.48 118.55 2022/23 (Est.) 629.66 748.21 200.91 521.02 121.59 filler filler filler filler filler 2023/24 (Proj.) Aug 663.70 785.40 196.37 541.24 136.69 2023/24 (Proj.) Sep 660.89 782.48 195.89 539.45 135.61 filler filler filler filler filler Oilmeals 2021/22 349.68 369.39 96.29 347.07 20.07 2022/23 (Est.) 354.82 374.88 96.76 353.13 17.25 filler filler filler filler filler 2023/24 (Proj.) Aug 369.69 385.65 100.08 363.56 18.35 2023/24 (Proj.) Sep 368.46 385.71 99.80 362.31 19.73 filler filler filler filler filler Vegetable Oils 2021/22 207.88 236.49 79.48 202.54 29.06 2022/23 (Est.) 216.38 245.43 88.32 210.21 30.49 filler filler filler filler filler 2023/24 (Proj.) Aug 223.35 253.57 88.93 217.69 31.05 2023/24 (Proj.) Sep 222.84 253.33 89.39 217.54 30.62 filler filler filler filler filler United States Output Total Supply Trade Total Use 2 / Ending Stocks Oilseeds 2021/22 131.35 141.17 59.55 63.87 9.14 2022/23 (Est.) 125.93 136.74 55.07 64.57 8.45 filler filler filler filler filler 2023/24 (Proj.) Aug 124.01 134.23 50.66 66.74 8.32 2023/24 (Proj.) Sep 122.21 132.17 49.71 66.44 7.62 filler filler filler filler filler Oilmeals 2021/22 49.27 53.23 12.46 40.42 0.35 2022/23 (Est.) 50.09 54.63 13.29 40.94 0.40 filler filler filler filler filler 2023/24 ( Proj.) Aug 51.53 56.07 13.84 41.78 0.45 2023/24 (Proj.) Sep 51.34 55.97 13.93 41.60 0.44 filler filler filler filler filler Vegetable Oils 2021/22 13.06 19.62 1.05 17.30 1.27 2022/23 (Est.) 13.28 20.60 0.34 19.03 1.23 filler filler filler filler filler 2023/24 (Proj.) Aug 13.62 21.30 0.35 19.73 1.21 2023/24 (Proj.) Sep 13.56 21.39 0.33 19.84 1.22 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2021/22 480.38 586.36 119.31 446.61 109.41 2022/23 (Est.) 503.73 611.47 145.84 456.45 113.14 filler filler filler filler filler 2023/24 (Proj.) Aug 539.70 651.17 145.71 474.50 128.37 2023/24 (Proj.) Sep 538.68 650.30 146.19 473.00 127.99 filler filler filler filler filler Oilmeals 2021/22 300.42 316.16 83.83 306.65 19.72 2022/23 (Est.) 304.72 320.25 83.47 312.19 16.85 filler filler filler filler filler 2023/24 (Proj.) Aug 318.17 329.58 86.24 321.78 17.90 2023/24 (Proj.) Sep 317.13 329.75 85.87 320.72 19.29 filler filler filler filler filler Vegetable Oils 2021/22 194.82 216.87 78.44 185.24 27.78 2022/23 (Est.) 203.10 224.84 87.99 191.17 29.27 filler filler filler filler filler 2023/24 (Proj.) Aug 209.73 232.27 88.58 197.96 29.84 2023/24 (Proj.) Sep 209.27 231.94 89.06 197.70 29.41 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. September 2023 WASDE - 640 - 11 U.S. Wheat Supply and Use 1/ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Aug Sep Million Acres Area Planted 46.7 45.7 49.8 49.8 Area Harvested 37.1 35.5 37.9 37.9 Bushels Yield per Harvested Acre 44.3 46.5 45.8 45.8 Million Bushels Beginning Stocks 845 698 580 580 Production 1,646 1,650 1,734 1,734 Imports 96 122 130 130 Supply, Total 2,588 2,470 2,444 2,444 Food 971 973 974 974 Seed 58 69 65 65 Feed and Residual 64 90 90 90 Domestic, Total 1,093 1,131 1,129 1,129 Exports 796 759 700 700 Use, Total 1,889 1,890 1,829 1,829 Ending Stocks 698 580 615 615 Avg. Farm Price ($/bu) 2/ 7.63 8.83 7.50 7.50 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2022/23 (Est.) Beginning Stocks 376 146 99 54 24 698 Production 531 446 337 272 64 1,650 Imports 5 56 4 7 51 122 Supply, Total 3/ 911 648 439 333 139 2,470 Food 374 266 163 85 85 973 Seed 29 17 15 5 2 69 Feed and Residual 53 -7 65 -20 0 90 Domestic Use 455 276 242 71 88 1,131 Exports 224 214 107 190 23 759 Use, Total 679 490 349 261 111 1,890 Ending Stocks, Total 232 158 90 72 28 580 2023/24 (Proj.) Beginning Stocks 232 158 90 72 28 580 Production 585 413 440 239 57 1,734 Imports 15 55 5 5 50 130 Supply, Total 3/ 832 626 535 316 135 2,444 Food 374 260 170 85 85 974 Seed 27 18 12 6 2 65 Feed and Residual 20 -5 80 -5 0 90 Domestic Use 421 273 262 86 87 1,129 Exports 155 215 135 170 25 700 Use, Total 576 488 397 256 112 1,829 Ending Stocks, Total Sep 256 138 138 60 23 615 Ending Stocks, Total Aug 246 148 138 60 23 615 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. September 2023 WASDE - 640 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Aug Sep Million Acres Area Planted 105.8 100.4 106.6 107.8 Area Harvested 94.4 87.1 95.5 96.6 Metric Tons Yield per Harvested Acre 4.21 4.11 4.17 4.13 Million Metric Tons Beginning Stocks 34.0 37.6 39.4 39.2 Production 397.5 358.2 398.5 398.7 Imports 2.3 3.0 2.3 2.3 Supply, Total 433.8 398.7 440.1 440.3 Feed and Residual 148.7 141.0 146.8 146.6 Food, Seed & Industrial 177.0 173.3 175.9 175.9 Domestic, Total 325.7 314.3 322.7 322.4 Exports 70.5 45.2 58.6 58.6 Use, Total 396.2 359.5 381.3 381.1 Ending Stocks 37.6 39.2 58.8 59.2 CORN 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. August September Million Acres Area Planted 93.3 88.6 94.1 94.9 Area Harvested 85.3 79.2 86.3 87.1 Bushels Yield per Harvested Acre 176.7 173.3 175.1 173.8 Million Bushels Beginning Stocks 1,235 1,377 1,457 1,452 Production 15,074 13,730 15,111 15,134 Imports 24 40 25 25 Supply, Total 16,333 15,147 16,592 16,611 Feed and Residual 5,726 5,425 5,625 5,625 Food, Seed & Industrial 2/ 6,758 6,605 6,715 6,715 Ethanol & by -products 3/ 5,320 5,195 5,300 5,300 Domestic, Total 12,483 12,030 12,340 12,340 Exports 2,472 1,665 2,050 2,050 Use, Total 14,956 13,695 14,390 14,390 Ending Stocks 1,377 1,452 2,202 2,221 Avg. Farm Price ($/bu) 4/ 6.00 6.55 4.90 4.90 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by- products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Market ing- year weighted average price received by farmers. September 2023 WASDE - 640 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Aug Sep Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 7.3 6.3 6.8 7.2 Area Harvested (mil. acres) 6.5 4.6 5.9 6.3 Yield (bushels/acre) 69.0 41.1 66.2 60.9 Beginning Stocks 20 47 25 25 Production 448 188 393 381 Imports 0 0 0 0 Supply, Total 468 235 418 406 Feed and Residual 80 40 75 65 Food, Seed & Industrial 45 60 55 55 Total Domestic 125 100 130 120 Exports 296 110 255 255 Use, Total 421 210 385 375 Ending Stocks 47 25 33 31 Avg. Farm Price ($/bu) 2/ 5.94 6.75 4.90 4.90 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. August September Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.7 2.9 3.2 3.2 Area Harvested (mil. acres) 2.0 2.4 2.4 2.4 Yield (bushels/acre) 60.3 71.7 75.1 75.1 Beginning Stocks 71 42 56 56 Production 120 174 180 180 Imports 15 24 14 14 Supply, Total 206 240 250 250 Feed and Residual 17 51 50 50 Food, Seed & Industrial 139 131 125 125 Total Domestic 157 182 175 175 Exports 7 2 3 3 Use, Total 164 184 178 178 Ending Stocks 42 56 72 72 Avg. Farm Price ($/bu) 2/ 5.31 7.40 6.75 6.75 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. August September Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.6 2.6 2.6 2.6 Area Harvested (mil. acres) 0.7 0.9 0.8 0.8 Yield (bushels/acre) 61.3 64.8 61.5 61.5 Beginning Stocks 38 33 35 35 Production 40 58 49 49 Imports 81 84 80 80 Supply, Total 159 174 164 164 Feed and Residual 44 57 50 50 Food, Seed & Industrial 79 81 81 81 Total Domestic 124 138 131 131 Exports 3 2 2 2 Use, Total 126 140 133 133 Ending Stocks 33 35 31 31 Avg. Farm Price ($/bu) 2/ 4.55 4.57 3.30 3.30 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. September 2023 WASDE - 640 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Aug Sep Million Acres Area Planted 2.53 2.22 2.69 2.90 Area Harvested 2.49 2.17 2.65 2.85 Fil ler Pounds Yield per Harvested Acre 7,709 7,383 7,699 7,751 Million Hundredweight Beginning Stocks 2/ 43.7 39.7 24.6 30.3 Production 191.6 160.4 203.6 220.9 Imports 37.8 39.9 38.0 39.0 Supply, Total 273.0 240.0 266.2 290.2 Domestic & Residual 3/ 149.8 145.4 155.0 162.0 Exports, Total 4/ 83.5 64.3 80.0 85.0 Rough 28.2 18.1 23.0 26.0 Milled (rough equiv.) 55.3 46.2 57.0 59.0 Use, Total 233.3 209.7 235.0 247.0 Ending Stocks 39.7 30.3 31.2 43.2 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 16.10 19.30 17.70 16.80 Total LONG -GRAIN RICE 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. August September Harvested Acres (mil.) 1.94 1.77 Yield (pounds/acre) 7,471 7,224 Beginning Stocks 29.7 24.6 16.8 21.2 Imports 30.7 31.9 31.0 32.0 Production 144.6 128.2 146.8 152.9 Supply, Total 7/ 205.0 184.7 194.6 206.1 Domestic & Residual 3/ 118.3 113.7 121.0 124.0 Exports 8/ 62.0 49.8 54.0 58.0 Use, Total 180.3 163.5 175.0 182.0 Ending Stocks 24.6 21.2 19.6 24.1 Avg. Farm Price ($/cwt) 6/ 13.60 16.80 15.50 15.00 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. August September Harvested Acres (mil.) 0.55 0.40 Yield (pounds/acre) 8,549 8,094 Beginning Stocks 11.5 13.0 5.8 6.8 Imports 7.1 8.0 7.0 7.0 Production 47.0 32.2 56.8 68.0 Supply, Total 7/ 66.0 53.0 69.6 81.8 Domestic & Residual 3/ 31.5 31.7 34.0 38.0 Exports 8/ 21.5 14.5 26.0 27.0 Use, Total 53.0 46.2 60.0 65.0 Ending Stocks 13.0 6.8 9.6 16.8 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 26.40 29.40 24.80 22.60 California 10/ 31.90 36.00 29.00 26.00 Other States 1/ 13.90 18.20 16.00 15.50 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2019/20 -1.0; 2020/21-2.5;2021/2 2-2.0. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing -year weighted average price received by farme rs. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The California medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the f inal price may differ. 10/ Marketing year beginning October 1. * For June --Planted acres reported in March 31, 2023, "Prospective P lantings." Harvested acres are estimated using long run harvested -to-planted ratios by rice class. For July --Planted and harvested area are reported in June 30, 2023 "Acreage" report. Projected yield is based on by -class trend analysis and planted area. September 2023 WASDE - 640 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Aug Sep Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 87.2 87.5 83.5 83.6 Area Harvested 86.3 86.3 82.7 82.8 Fil ler Bushels Yield per Harvested Acre 51.7 49.5 50.9 50.1 Million Bushels Beginning Stocks 257 274 260 250 Production 4,465 4,276 4,205 4,146 Imports 16 30 30 30 Supply, Total 4,738 4,581 4,496 4,426 Crushings 2,204 2,220 2,300 2,290 Exports 2,152 1,990 1,825 1,790 Seed 102 97 101 101 Residual 6 23 25 25 Use, Total 4,464 4,330 4,251 4,206 Ending Stocks 274 250 245 220 Avg. Farm Price ($/ bu) 2/ 13.30 14.20 12.70 12.90 Total SOYBEAN OIL 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. August September Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 2,131 1,991 1,881 1,861 Production 4/ 26,155 26,265 27,025 26,910 Imports 303 375 375 400 Supply, Total 28,589 28,631 29,281 29,171 Domestic Disappearance 24,827 26,400 27,050 27,000 Biofuel 3/ 10,379 11,800 12,500 12,500 Food, Feed & other Industrial 14,449 14,600 14,550 14,500 Exports 1,771 370 400 350 Use, Total 26,598 26,770 27,450 27,350 Ending stocks 1,991 1,861 1,831 1,821 Avg. Price (c/lb) 2/ 72.98 65.50 62.00 63.00 Total SOYBEAN MEAL 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. August September Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 341 311 350 350 Production 4/ 51,814 52,564 54,175 53,975 Imports 655 625 600 600 Supply, Total 52,810 53,500 55,125 54,925 Domestic Disappearance 38,959 38,750 39,725 39,425 Exports 13,540 14,400 15,000 15,100 Use, Total 52,499 53,150 54,725 54,525 Ending Stocks 311 350 400 400 Avg. Price ($/s.t.) 2/ 439.81 455.00 380.00 380.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects soybean oil used for biofuels as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,220 million bushels for 2022/23 and 2,290 million bushels for 2023/24. September 2023 WASDE - 640 - 16 U.S. Sugar Supply and Use 1/ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Aug Sep Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,705 1,820 2,014 2,159 Production 2/ 9,157 9,261 9,203 8,981 Beet Sugar 5,155 5,168 5,073 5,223 Cane Sugar 4,002 4,094 4,130 3,758 Florida 1,934 1,983 2,034 2,034 Louisiana 1,944 2,034 2,054 1,682 Texas 124 76 42 42 Imports 3,646 3,738 3,465 3,264 TRQ 3/ 1,579 1,869 1,604 1,604 Other Program 4/ 298 200 200 200 Non-program 1,769 1,669 1,661 1,459 Mexico 1,379 1,219 1,486 1,284 High -tier tariff/other 390 450 175 175 Total Supply 14,508 14,819 14,682 14,404 Exports 29 45 35 35 Deliveries 12,578 12,615 12,705 12,655 Food 12,470 12,500 12,600 12,550 Other 5/ 107 115 105 105 Miscellaneous 81 0 0 0 Total Use 12,688 12,660 12,740 12,690 Ending Stocks 1,820 2,159 1,942 1,714 Stocks to Use Ratio 14.3 17.1 15.2 13.5 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2022/23 and 2023/24 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2022/23, WTO raw sugar TRQ shortfall (168) and for 2023/24 (94). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol ma nufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE - reported deliveries: 2021/22 -- 303; estimated 2022/23 -- 299; projected 2023/24 -- 291 Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2022/23 Est. Aug 964 5,224 200 4,444 1,065 880 2022/23 Est. Sep 964 5,224 254 4,498 1,065 880 2023/24 Proj. Aug 880 5,900 45 4,589 1,348 888 2023/24 Proj. Sep 880 5,800 45 4,589 1,248 888 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2021/22 = 1,320; Estimated 2022/23 = 1,407; Projected 2023/24 = 1,407; Estimated Oct. - July 2023 =1,156; Estimated Oct. - July 2022 = 1,077. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexi co's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2022/23 (413 est =388 dom.+25 import); 2023/24 (450 proj = 425 dom.+25 import). Statistical Adjustments: 2022/23 (0), 2023/24 (0). September 2023 WASDE - 640 - 17 U.S. Cotton Supply and Use 1/ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Aug Sep Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 11.22 13.76 11.09 10.23 Harvested 10.27 7.31 8.62 8.02 Fil ler Pounds Yield per Harvested Acre 819 950 779 786 Million 480 Pound Bales Beginning Stocks 3.15 4.05 3.70 4.25 Production 17.52 14.47 13.99 13.13 Imports 0.01 0.00 0.01 0.01 Supply, Total 20.68 18.52 17.70 17.39 Domestic Use 2.55 2.05 2.15 2.15 Exports, Total 14.48 12.77 12.50 12.30 Use, Total 17.03 14.82 14.65 14.45 Unaccounted 2/ -0.40 -0.55 -0.05 -0.06 Ending Stocks 4.05 4.25 3.10 3.00 Avg. Farm Price 3/ 91.4 82.0 79.0 80.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. September 2023 WASDE - 640 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 284.09 781.01 199.47 161.13 792.44 202.78 272.66 World Less China 144.97 644.07 189.91 126.13 644.44 201.91 135.90 United States 23.00 44.80 2.62 1.75 29.76 21.66 19.01 Total Foreign 261.09 736.21 196.86 159.38 762.69 181.13 253.65 Major Exporters 4/ 34.88 327.13 5.79 78.40 185.70 142.40 39.71 Argentina 2.32 22.15 0.00 0.25 6.55 16.00 1.93 Australia 3.02 36.24 0.21 5.00 8.50 27.51 3.45 Canada 5.95 22.42 0.55 5.15 10.15 15.12 3.66 European Union 5/ 10.70 138.16 4.63 45.00 108.25 31.93 13.31 Russia 11.38 75.16 0.30 18.50 41.75 33.00 12.09 Ukraine 1.51 33.01 0.10 4.50 10.50 18.84 5.27 Major Importers 6/ 177.53 204.00 130.33 54.68 323.57 15.31 172.99 Bangladesh 2.14 1.09 6.34 0.55 8.25 0.00 1.31 Brazil 1.91 7.70 6.39 0.45 11.75 3.07 1.18 China 139.12 136.95 9.57 35.00 148.00 0.88 136.76 Japan 1.04 1.13 5.61 0.75 6.30 0.30 1.18 N. Africa 7/ 12.42 21.27 26.61 1.87 47.02 0.41 12.88 Nigeria 0.79 0.09 6.19 0.05 5.85 0.60 0.62 Sel. Mideast 8/ 10.13 16.47 22.76 3.88 38.77 0.75 9.84 Southeast Asia 9/ 4.45 0.00 27.03 8.50 25.63 1.23 4.62 Selected Other India 27.80 109.59 0.03 7.00 109.88 8.03 19.50 Kazakhstan 1.48 11.81 2.50 1.35 6.20 8.10 1.49 United Kingdom 1.42 13.99 2.64 7.32 15.32 0.87 1.85 2022/23 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 272.66 790.59 209.54 156.11 796.12 219.90 267.13 World Less China 135.90 652.87 196.26 123.11 648.12 218.95 128.31 United States 19.01 44.90 3.32 2.46 30.79 20.65 15.79 Total Foreign 253.65 745.69 206.22 153.65 765.33 199.25 251.35 Major Exporters 4/ 39.71 334.26 13.17 75.03 182.42 160.94 43.77 Argentina 1.93 12.55 0.01 0.05 6.55 4.50 3.43 Australia 3.45 39.69 0.20 4.50 8.00 32.50 2.84 Canada 3.66 34.34 0.55 4.08 9.22 25.75 3.58 European Union 5/ 13.31 134.19 12.03 44.00 108.00 35.07 16.45 Russia 12.09 92.00 0.30 19.00 42.25 46.00 16.14 Ukraine 5.27 21.50 0.08 3.40 8.40 17.12 1.33 Major Importers 6/ 172.99 205.95 133.70 51.10 320.95 15.43 176.26 Bangladesh 1.31 1.10 5.12 0.20 6.70 0.00 0.83 Brazil 1.18 10.60 5.00 0.55 11.95 2.70 2.13 China 136.76 137.72 13.28 33.00 148.00 0.95 138.82 Japan 1.18 1.04 5.45 0.75 6.35 0.29 1.03 N. Africa 7/ 12.88 17.33 29.03 1.67 46.42 1.02 11.80 Nigeria 0.62 0.11 4.78 0.00 4.75 0.40 0.36 Sel. Mideast 8/ 9.84 17.19 24.64 3.68 39.75 0.65 11.27 Southeast Asia 9/ 4.62 0.00 24.39 7.45 24.10 1.32 3.60 Selected Other India 19.50 104.00 0.05 6.50 108.68 5.38 9.50 Kazakhstan 1.49 16.40 2.20 2.30 7.40 10.00 2.70 United Kingdom 1.85 15.54 1.95 7.00 15.00 1.85 2.49 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancie s in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines , Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2023 WASDE - 640 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Aug 268.31 793.37 207.39 156.63 796.07 209.39 265.61 Sep 267.13 787.34 205.62 157.58 795.86 207.34 258.61 World Less China Aug 129.49 656.37 195.39 120.63 644.07 208.49 130.69 Sep 128.31 650.34 194.62 120.58 642.86 206.44 125.69 United States Aug 15.79 47.20 3.54 2.45 30.73 19.05 16.75 Sep 15.79 47.20 3.54 2.45 30.73 19.05 16.75 Total Foreign Aug 252.52 746.18 203.85 154.18 765.35 190.34 248.87 Sep 251.35 740.14 202.08 155.13 765.13 188.29 241.87 Major Exporters 4/ Aug 43.25 320.50 8.19 73.80 181.00 155.00 35.94 Sep 43.77 315.00 8.68 74.45 181.75 151.00 34.70 Argentina Aug 2.93 17.50 0.01 0.10 6.60 12.00 1.84 Sep 3.43 16.50 0.00 0.05 6.55 11.50 1.88 Australia Aug 2.84 29.00 0.20 4.20 7.70 21.50 2.84 Sep 2.84 26.00 0.20 3.70 7.20 19.00 2.84 Canada Aug 2.54 33.00 0.60 4.00 9.10 24.50 2.54 Sep 3.58 31.00 0.60 3.50 8.70 23.00 3.48 European Union 5/ Aug 17.16 135.00 7.00 43.00 107.50 38.50 13.16 Sep 16.45 134.00 7.50 44.00 108.50 37.50 11.95 Russia Aug 16.14 85.00 0.30 19.00 42.00 48.00 11.44 Sep 16.14 85.00 0.30 19.00 42.00 49.00 10.44 Ukraine Aug 1.65 21.00 0.08 3.50 8.10 10.50 4.13 Sep 1.33 22.50 0.08 4.20 8.80 11.00 4.11 Major Importers 6/ Aug 176.65 208.46 133.82 54.20 327.88 16.35 174.70 Sep 176.26 208.59 131.42 54.70 327.85 17.30 171.13 Bangladesh Aug 0.91 1.10 5.80 0.25 6.75 0.00 1.06 Sep 0.83 1.10 5.80 0.25 6.75 0.00 0.98 Brazil Aug 2.13 10.30 5.60 0.60 12.10 3.50 2.43 Sep 2.13 10.30 5.60 0.60 12.10 3.50 2.43 China Aug 138.82 137.00 12.00 36.00 152.00 0.90 134.92 Sep 138.82 137.00 11.00 37.00 153.00 0.90 132.92 Japan Aug 1.03 1.17 5.60 0.75 6.35 0.30 1.15 Sep 1.03 1.17 5.60 0.75 6.35 0.30 1.15 N. Africa 7/ Aug 12.26 16.73 31.60 1.75 47.70 0.60 12.29 Sep 11.80 16.73 31.10 1.75 47.30 0.90 11.43 Nigeria Aug 0.33 0.12 5.30 0.00 5.00 0.50 0.25 Sep 0.36 0.12 5.30 0.00 5.00 0.50 0.28 Sel. Mideast 8/ Aug 11.43 19.18 23.22 3.60 40.50 0.58 12.75 Sep 11.27 19.18 23.22 3.60 40.50 0.63 12.54 Southeast Asia 9/ Aug 3.21 0.00 25.50 7.45 24.33 1.13 3.26 Sep 3.60 0.00 24.60 6.95 23.70 1.13 3.37 Selected Other India Aug 9.50 113.50 0.10 5.50 108.10 1.00 14.00 Sep 9.50 113.50 0.10 5.50 108.10 1.00 14.00 Kazakhstan Aug 3.00 15.00 2.00 2.00 7.30 9.50 3.20 Sep 2.70 15.00 2.50 2.00 7.10 10.50 2.60 United Kingdom Aug 2.49 15.50 1.70 7.30 15.40 1.90 2.39 Sep 2.49 14.75 2.00 7.10 15.20 1.90 2.14 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2023 WASDE - 640 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 322.97 1,504.08 230.09 908.27 1,488.88 253.89 338.17 World Less China 115.52 1,223.23 188.59 680.44 1,168.85 253.89 128.40 United States 34.01 397.71 2.59 148.76 326.22 70.52 37.58 Total Foreign 288.96 1,106.37 227.50 759.50 1,162.66 183.38 300.59 Major Exporters 4/ 19.41 332.81 9.77 138.96 185.33 149.23 27.43 Argentina 2.06 59.16 0.01 12.32 18.14 40.29 2.79 Australia 2.98 19.22 0.00 5.89 7.76 10.83 3.61 Brazil 4.60 120.62 3.25 63.59 75.68 48.30 4.50 Canada 3.63 25.12 6.40 17.50 25.79 5.65 3.71 Russia 1.90 38.54 0.10 22.23 31.11 7.58 1.85 Ukraine 1.65 53.51 0.02 10.43 13.56 32.93 8.69 Major Importers 5/ 36.04 248.20 138.71 285.32 369.66 15.33 37.96 European Union 6/ 14.51 154.80 21.30 117.48 158.27 13.76 18.58 Japan 1.63 0.24 16.51 13.09 16.82 0.00 1.56 Mexico 3.60 32.79 18.56 31.05 50.77 0.25 3.93 N. Afr & Mideast 7/ 6.97 29.05 40.50 60.81 69.40 0.69 6.43 Saudi Arabia 1.33 0.15 8.28 8.02 8.35 0.00 1.41 Southeast Asia 8/ 5.22 30.90 17.31 41.11 49.48 0.64 3.31 South Korea 2.04 0.19 11.62 9.26 11.78 0.00 2.07 Selected Other China 207.46 280.85 41.50 227.83 320.03 0.01 209.77 2022/23 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 338.17 1,446.32 215.22 891.88 1,456.30 221.56 328.19 World Less China 128.40 1,160.82 183.27 662.25 1,135.48 221.51 121.85 United States 37.58 358.47 3.29 141.10 314.90 45.16 39.27 Total Foreign 300.59 1,087.86 211.93 750.78 1,141.40 176.39 288.92 Major Exporters 4/ 27.43 328.40 4.48 137.56 186.16 147.27 26.88 Argentina 2.79 42.01 0.01 9.80 15.88 26.80 2.13 Australia 3.61 18.66 0.00 6.42 8.30 10.49 3.49 Brazil 4.50 141.60 1.87 66.55 80.14 57.03 10.80 Canada 3.71 30.54 2.35 16.82 24.93 7.89 3.77 Russia 1.85 44.13 0.10 23.78 33.25 10.52 2.32 Ukraine 8.69 33.93 0.02 6.70 9.67 30.74 2.23 Major Importers 5/ 37.96 229.67 138.71 277.85 360.66 12.53 33.15 European Union 6/ 18.58 132.92 26.84 113.26 153.08 10.70 14.56 Japan 1.56 0.25 16.62 13.20 16.90 0.00 1.52 Mexico 3.93 33.80 18.48 32.18 51.85 0.20 4.17 N. Afr & Mideast 7/ 6.43 31.39 34.35 57.23 65.26 0.76 6.16 Saudi Arabia 1.41 0.14 7.91 7.91 8.25 0.00 1.21 Southeast Asia 8/ 3.31 30.93 18.40 40.20 48.70 0.87 3.07 South Korea 2.07 0.16 11.74 9.55 12.06 0.00 1.91 Selected Other China 209.77 285.50 31.95 229.63 320.83 0.05 206.35 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grai n in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Afr ica and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2023 WASDE - 640 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Aug 326.14 1,497.26 226.10 914.21 1,486.62 235.69 336.79 Sep 328.19 1,496.50 225.96 912.72 1,485.13 235.44 339.56 World Less China Aug 120.30 1,211.96 186.70 676.81 1,157.97 235.66 134.92 Sep 121.85 1,211.20 186.66 675.42 1,156.58 235.41 137.19 United States Aug 39.40 398.82 2.60 146.99 323.32 58.65 58.85 Sep 39.27 399.10 2.60 146.73 323.07 58.65 59.26 Total Foreign Aug 286.75 1,098.45 223.50 767.22 1,163.30 177.04 277.94 Sep 288.92 1,097.41 223.37 765.99 1,162.07 176.79 280.31 Major Exporters 4/ Aug 26.25 330.10 4.09 138.79 188.14 148.20 24.10 Sep 26.88 329.42 4.11 137.94 187.40 147.95 25.06 Argentina Aug 2.54 63.38 0.01 11.51 17.62 45.70 2.61 Sep 2.13 63.38 0.01 11.51 17.72 45.70 2.09 Australia Aug 3.51 13.74 0.00 5.76 7.64 7.61 2.00 Sep 3.49 13.34 0.00 5.71 7.59 7.46 1.78 Brazil Aug 9.50 134.33 1.70 68.28 83.31 55.03 7.19 Sep 10.80 134.33 1.70 68.28 83.31 55.03 8.49 Canada Aug 4.09 27.91 2.25 16.57 24.51 6.18 3.55 Sep 3.77 26.71 2.25 15.57 23.51 5.88 3.33 Russia Aug 2.32 39.40 0.10 21.85 31.15 8.91 1.77 Sep 2.32 39.80 0.10 22.05 31.35 9.11 1.77 Ukraine Aug 2.15 33.97 0.00 7.41 9.99 21.37 4.77 Sep 2.23 34.47 0.02 7.41 9.99 21.37 5.36 Major Importers 5/ Aug 32.08 235.46 142.13 283.31 367.11 12.28 30.30 Sep 33.15 235.01 142.08 282.91 366.71 12.28 31.26 European Union 6/ Aug 14.38 136.45 25.98 112.61 152.86 10.59 13.35 Sep 14.56 136.10 25.98 112.26 152.51 10.59 13.53 Japan Aug 1.52 0.25 17.01 13.34 17.24 0.00 1.54 Sep 1.52 0.25 17.01 13.34 17.24 0.00 1.54 Mexico Aug 3.33 33.24 18.78 32.55 52.37 0.30 2.68 Sep 4.17 33.24 18.73 32.50 52.32 0.30 3.52 N. Afr & Mideast 7/ Aug 6.14 33.92 36.17 61.38 69.58 0.77 5.88 Sep 6.16 33.92 36.17 61.38 69.58 0.77 5.91 Saudi Arabia Aug 1.21 0.15 8.81 8.62 8.96 0.00 1.21 Sep 1.21 0.15 8.81 8.62 8.96 0.00 1.21 Southeast Asia 8/ Aug 3.05 31.21 18.81 40.75 49.30 0.61 3.14 Sep 3.07 31.11 18.81 40.75 49.30 0.61 3.07 South Korea Aug 1.91 0.16 11.91 9.54 12.03 0.00 1.95 Sep 1.91 0.16 11.91 9.54 12.03 0.00 1.95 Selected Other China Aug 205.85 285.30 39.40 237.40 328.65 0.03 201.87 Sep 206.35 285.30 39.30 237.30 328.55 0.03 202.37 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S . excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and expor ts. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, M exico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2023 WASDE - 640 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 292.88 1,218.71 184.44 745.22 1,201.06 206.59 310.54 World Less China 87.18 946.16 162.55 536.22 910.06 206.59 101.40 United States 31.36 382.89 0.62 145.43 317.09 62.80 34.98 Total Foreign 261.52 835.82 183.82 599.78 883.97 143.79 275.56 Major Exporters 4/ 9.04 238.99 2.67 93.66 116.86 117.60 16.24 Argentina 1.18 49.50 0.01 10.10 14.20 34.69 1.80 Brazil 4.15 116.00 2.60 59.50 70.50 48.28 3.97 Russia 0.75 15.23 0.05 10.00 11.10 4.00 0.93 South Africa 2.12 16.14 0.00 6.86 12.66 3.65 1.95 Ukraine 0.83 42.13 0.02 7.20 8.40 26.98 7.59 Major Importers 5/ 21.63 136.75 94.26 165.82 222.25 6.92 23.47 Egypt 1.36 7.44 9.76 14.50 17.00 0.00 1.56 European Union 6/ 7.83 71.52 19.74 60.00 81.70 6.03 11.36 Japan 1.39 0.01 15.00 11.70 15.04 0.00 1.36 Mexico 3.08 26.76 17.57 25.80 44.00 0.25 3.16 Southeast Asia 7/ 5.21 30.85 16.13 40.10 48.25 0.64 3.30 South Korea 2.02 0.09 11.51 9.22 11.56 0.00 2.06 Selected Other Canada 2.17 14.61 6.14 12.17 17.98 2.19 2.75 China 205.70 272.55 21.88 209.00 291.00 0.00 209.14 2022/23 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2 / Exports Ending Stocks World 3/ 310.54 1,155.62 175.60 730.64 1,166.69 181.66 299.47 World Less China 101.40 878.42 157.10 512.64 867.69 181.64 93.65 United States 34.98 348.75 1.02 137.80 305.58 42.29 36.87 Total Foreign 275.56 806.87 174.58 592.84 861.12 139.37 262.60 Major Exporters 4/ 16.24 230.93 1.38 90.40 115.40 117.60 15.55 Argentina 1.80 34.00 0.01 7.50 11.70 23.00 1.11 Brazil 3.97 137.00 1.30 62.50 75.00 57.00 10.27 Russia 0.93 15.83 0.05 9.00 10.10 5.80 0.91 South Africa 1.95 17.10 0.00 7.40 13.40 3.80 1.85 Ukraine 7.59 27.00 0.02 4.00 5.20 28.00 1.41 Major Importers 5/ 23.47 118.73 94.80 157.60 213.10 4.87 19.03 Egypt 1.56 7.44 5.20 10.20 12.70 0.00 1.50 European Union 6/ 11.36 52.23 24.50 56.50 77.10 3.80 7.19 Japan 1.36 0.01 15.00 11.70 15.00 0.00 1.37 Mexico 3.16 28.00 17.50 26.70 45.00 0.20 3.46 Southeast Asia 7/ 3.30 30.88 16.70 38.70 46.95 0.87 3.06 South Korea 2.06 0.09 11.60 9.50 11.85 0.00 1.90 Selected Other Canada 2.75 14.54 2.30 9.30 15.10 2.80 1.69 China 209.14 277.20 18.50 218.00 299.00 0.02 205.82 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2023 WASDE - 640 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Aug 297.92 1,213.50 187.11 756.69 1,200.37 196.19 311.05 Sep 299.47 1,214.29 187.12 756.10 1,199.77 196.19 313.99 World Less China Aug 92.60 936.50 164.11 533.69 896.37 196.17 109.75 Sep 93.65 937.29 164.12 533.10 895.77 196.17 112.19 United States Aug 37.00 383.83 0.64 142.88 313.45 52.07 55.94 Sep 36.87 384.42 0.64 142.88 313.45 52.07 56.40 Total Foreign Aug 260.92 829.67 186.47 613.81 886.92 144.12 255.11 Sep 262.60 829.87 186.48 613.22 886.32 144.12 257.58 Major Exporters 4/ Aug 14.63 241.90 1.26 94.10 120.40 122.60 14.79 Sep 15.55 242.40 1.28 94.10 120.50 122.60 16.13 Argentina Aug 1.51 54.00 0.01 9.30 13.50 40.50 1.51 Sep 1.11 54.00 0.01 9.30 13.60 40.50 1.01 Brazil Aug 8.97 129.00 1.20 63.50 77.50 55.00 6.67 Sep 10.27 129.00 1.20 63.50 77.50 55.00 7.97 Russia Aug 0.91 14.60 0.05 9.50 10.60 4.20 0.76 Sep 0.91 14.60 0.05 9.50 10.60 4.20 0.76 South Africa Aug 1.85 16.80 0.00 7.30 13.30 3.40 1.95 Sep 1.85 16.80 0.00 7.30 13.30 3.40 1.95 Ukraine Aug 1.39 27.50 0.00 4.50 5.50 19.50 3.89 Sep 1.41 28.00 0.02 4.50 5.50 19.50 4.43 Major Importers 5/ Aug 18.20 126.05 99.35 164.70 220.85 5.01 17.74 Sep 19.03 125.65 99.35 164.40 220.55 5.01 18.46 Egypt Aug 1.50 7.60 7.50 12.70 15.20 0.00 1.40 Sep 1.50 7.60 7.50 12.70 15.20 0.00 1.40 European Union 6/ Aug 7.19 59.70 24.00 58.60 79.50 4.10 7.29 Sep 7.19 59.40 24.00 58.30 79.20 4.10 7.29 Japan Aug 1.37 0.01 15.50 12.00 15.50 0.00 1.39 Sep 1.37 0.01 15.50 12.00 15.50 0.00 1.39 Mexico Aug 2.66 27.40 18.00 27.30 45.70 0.30 2.06 Sep 3.46 27.40 18.00 27.30 45.70 0.30 2.86 Southeast Asia 7/ Aug 3.04 31.16 17.95 40.10 48.40 0.61 3.14 Sep 3.06 31.06 17.95 40.10 48.40 0.61 3.06 South Korea Aug 1.90 0.09 11.80 9.50 11.85 0.00 1.94 Sep 1.90 0.09 11.80 9.50 11.85 0.00 1.94 Selected Other Canada Aug 2.19 15.30 2.20 10.10 15.70 1.80 2.19 Sep 1.69 15.30 2.20 9.70 15.20 1.80 2.19 China Aug 205.32 277.00 23.00 223.00 304.00 0.02 201.30 Sep 205.82 277.00 23.00 223.00 304.00 0.02 201.80 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2023 WASDE - 640 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 187.31 513.88 54.42 518.76 56.90 182.44 World Less China 70.81 364.89 48.47 362.40 54.82 69.44 United States 1.39 6.08 1.20 4.76 2.65 1.26 Total Foreign 185.93 507.80 53.22 514.00 54.25 181.18 Major Exporters 4/ 46.82 197.74 1.76 158.90 43.91 43.51 Burma 1.31 12.40 0.00 10.50 2.34 0.88 India 37.00 129.47 0.00 110.45 22.03 34.00 Pakistan 1.89 9.32 0.01 3.75 4.82 2.65 Thailand 3.98 19.88 0.05 12.70 7.68 3.53 Vietnam 2.64 26.67 1.70 21.50 7.05 2.46 Major Importers 5/ 126.78 242.00 22.43 263.11 2.54 125.55 China 116.50 148.99 5.95 156.36 2.08 113.00 European Union 6/ 0.68 1.73 2.41 3.50 0.41 0.91 Indonesia 3.06 34.40 0.74 35.30 0.00 2.90 Nigeria 1.69 5.26 2.45 7.35 0.00 2.05 Philippines 2.36 12.54 3.60 15.40 0.00 3.10 Sel. Mideast 7/ 0.91 2.15 4.32 6.15 0.00 1.22 Selected Other Brazil 1.17 7.34 0.93 7.15 1.39 0.90 C. Amer & Carib 8/ 0.57 1.62 1.68 3.27 0.04 0.57 Egypt 1.16 2.90 0.61 4.05 0.01 0.61 Japan 1.94 7.64 0.69 8.20 0.12 1.95 Mexico 0.20 0.18 0.74 0.97 0.01 0.14 South Korea 1.02 3.88 0.44 3.95 0.05 1.33 2022/23 Est. Beginning Stocks Productio n Imports Total /2 Domestic Exports Ending Stocks World 3/ 182.44 513.56 53.67 523.76 54.30 172.24 World Less China 69.44 367.62 49.28 368.77 52.57 65.64 United States 1.26 5.09 1.27 4.62 2.04 0.96 Total Foreign 181.18 508.47 52.40 519.15 52.26 171.28 Major Exporters 4/ 43.51 201.21 1.56 163.90 42.60 39.78 Burma 0.88 11.80 0.00 10.20 1.40 1.08 India 34.00 136.00 0.00 116.00 21.00 33.00 Pakistan 2.65 5.50 0.01 3.60 3.70 0.86 Thailand 3.53 20.91 0.05 12.70 8.50 3.29 Vietnam 2.46 27.00 1.50 21.40 8.00 1.56 Major Importers 5/ 125.55 238.75 21.91 263.89 2.17 120.14 China 113.00 145.95 4.38 154.99 1.74 106.60 European Union 6/ 0.91 1.34 2.50 3.50 0.40 0.85 Indonesia 2.90 34.00 2.00 35.40 0.00 3.50 Nigeria 2.05 5.36 2.10 7.50 0.00 2.00 Philippines 3.10 12.63 3.75 16.00 0.00 3.48 Sel. Mideast 7/ 1.22 2.02 4.50 6.35 0.00 1.39 Selected Other Brazil 0.90 7.00 0.90 6.90 1.20 0.70 C. Amer & Carib 8/ 0.57 1.54 1.94 3.34 0.05 0.65 Egypt 0.61 3.60 0.45 4.00 0.01 0.66 Japan 1.95 7.48 0.69 8.20 0.12 1.80 Mexico 0.14 0.14 0.80 0.98 0.01 0.10 South Korea 1.33 3.76 0.38 4.00 0.06 1.42 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. September 2023 WASDE - 640 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Aug 173.79 520.94 50.64 522.95 52.99 171.78 Sep 172.24 518.08 49.81 522.73 52.15 167.60 World Less China Aug 67.19 371.94 46.64 370.95 50.99 66.18 Sep 65.64 369.08 46.31 370.73 50.15 62.50 United States Aug 0.78 6.47 1.21 4.92 2.54 0.99 Sep 0.96 7.01 1.24 5.14 2.70 1.37 Total Foreign Aug 173.01 514.48 49.44 518.03 50.45 170.78 Sep 171.28 511.07 48.57 517.58 49.45 166.23 Major Exporters 4/ Aug 41.47 202.20 1.46 163.00 40.80 41.33 Sep 39.78 199.50 1.46 163.25 39.80 37.69 Burma Aug 0.68 12.50 0.00 10.30 2.10 0.79 Sep 1.08 12.00 0.00 10.25 1.80 1.04 India Aug 36.00 134.00 0.00 115.00 19.00 36.00 Sep 33.00 132.00 0.00 115.50 17.50 32.00 Pakistan Aug 0.86 9.00 0.01 3.70 4.90 1.26 Sep 0.86 9.00 0.01 3.70 5.00 1.16 Thailand Aug 2.38 19.70 0.05 12.50 7.50 2.13 Sep 3.29 19.50 0.05 12.50 8.00 2.34 Vietnam Aug 1.56 27.00 1.40 21.50 7.30 1.16 Sep 1.56 27.00 1.40 21.30 7.50 1.16 Major Importers 5/ Aug 120.09 242.95 19.95 262.10 2.46 118.44 Sep 120.14 242.25 19.45 261.65 2.46 117.74 China Aug 106.60 149.00 4.00 152.00 2.00 105.60 Sep 106.60 149.00 3.50 152.00 2.00 105.10 European Union 6/ Aug 0.85 1.43 2.40 3.50 0.40 0.77 Sep 0.85 1.43 2.40 3.50 0.40 0.77 Indonesia Aug 3.45 34.45 0.70 35.20 0.00 3.40 Sep 3.50 34.45 0.70 35.25 0.00 3.40 Nigeria Aug 2.00 5.23 2.20 7.60 0.00 1.83 Sep 2.00 5.23 2.00 7.60 0.00 1.63 Philippines Aug 3.48 12.60 3.80 16.40 0.00 3.48 Sep 3.48 12.60 3.80 16.40 0.00 3.48 Sel. Mideast 7/ Aug 1.39 2.12 4.50 6.65 0.00 1.36 Sep 1.39 2.02 4.60 6.65 0.00 1.36 Selected Other Brazil Aug 0.70 6.80 0.95 6.80 1.00 0.65 Sep 0.70 6.80 0.95 6.80 1.00 0.65 C. Amer & Carib 8/ Aug 0.58 1.52 1.83 3.30 0.04 0.59 Sep 0.65 1.53 1.83 3.33 0.04 0.65 Egypt Aug 0.66 3.78 0.35 4.10 0.01 0.68 Sep 0.66 3.78 0.35 4.10 0.01 0.68 Japan Aug 1.80 7.45 0.69 8.20 0.12 1.61 Sep 1.80 7.45 0.69 8.20 0.12 1.61 Mexico Aug 0.09 0.17 0.85 1.00 0.01 0.10 Sep 0.10 0.17 0.85 1.00 0.01 0.10 South Korea Aug 1.42 3.60 0.42 4.00 0.06 1.39 Sep 1.42 3.61 0.42 4.00 0.06 1.40 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. September 2023 WASDE - 640 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2021/22 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 84.81 115.62 42.62 115.95 43.20 -0.60 84.50 World Less China 47.52 88.82 34.78 82.20 43.08 -0.60 46.44 United States 3.15 17.52 0.01 2.55 14.48 -0.40 4.05 Total Foreign 81.66 98.10 42.62 113.40 28.72 -0.20 80.45 Major Exporters 4/ 32.85 55.41 1.60 34.29 24.45 -0.20 31.31 Central Asia 5/ 3.03 5.09 0.06 4.28 1.50 0.00 2.39 Afr. Fr. Zone 6/ 1.68 5.98 3/ 0.10 6.44 -0.01 1.13 S. Hemis. 7/ 15.83 19.53 0.19 4.46 12.42 -0.19 18.86 Australia 2.51 5.85 3/ 0.01 3.58 -0.19 4.96 Brazil 11.12 11.72 0.02 3.30 7.73 0.00 11.84 India 11.94 24.40 1.00 25.00 3.74 0.00 8.60 Major Importers 8/ 46.49 39.65 38.69 75.17 2.95 0.00 46.71 Mexico 0.44 1.22 0.96 1.90 0.40 0.00 0.32 China 37.29 26.80 7.84 33.75 0.12 0.00 38.06 European Union 9/ 0.37 1.67 0.64 0.62 1.77 0.00 0.30 Turkey 1.76 3.80 5.52 8.60 0.57 0.00 1.92 Pakistan 2.18 6.00 4.50 10.70 0.05 0.00 1.93 Indonesia 0.50 3/ 2.58 2.60 0.01 0.00 0.46 Thailand 0.13 3/ 0.75 0.74 0.00 0.00 0.15 Bangladesh 2.48 0.15 8.20 8.50 0.00 0.00 2.33 Vietnam 1.09 3/ 6.63 6.70 0.00 0.00 1.02 2022/23 Est. Beginning Stocks Productio n Imports Domestic Use Exports Loss /2 Ending Stocks World 84.50 118.70 37.15 110.91 36.98 -0.72 93.18 World Less China 46.44 88.00 30.91 73.41 36.89 -0.72 55.78 United States 4.05 14.47 3/ 2.05 12.77 -0.55 4.25 Total Foreign 80.45 104.23 37.14 108.86 24.22 -0.18 88.93 Major Exporters 4/ 31.31 58.21 2.25 32.17 19.91 -0.19 39.88 Central Asia 5/ 2.39 5.63 0.03 3.84 1.08 0.00 3.13 Afr. Fr. Zone 6/ 1.13 4.02 3/ 0.10 3.89 0.00 1.16 S. Hemis. 7/ 18.86 22.01 0.14 4.28 13.34 -0.19 23.59 Australia 4.96 5.80 3/ 0.01 6.16 -0.19 4.78 Brazil 11.84 14.40 0.01 3.20 6.66 0.00 16.39 India 8.60 26.00 1.75 23.50 1.15 0.00 11.70 Major Importers 8/ 46.71 42.88 32.42 72.89 2.98 0.02 46.12 Mexico 0.32 1.58 0.70 1.75 0.40 0.00 0.45 China 38.06 30.70 6.23 37.50 0.09 0.00 37.40 European Union 9/ 0.30 1.64 0.54 0.56 1.50 0.00 0.42 Turkey 1.92 4.90 4.19 7.50 0.86 0.02 2.63 Pakistan 1.93 3.90 4.50 8.70 0.10 0.00 1.53 Indonesia 0.46 3/ 1.66 1.75 0.02 0.00 0.36 Thailand 0.15 3/ 0.66 0.68 0.00 0.00 0.14 Bangladesh 2.33 0.15 6.55 7.10 0.00 0.00 1.93 Vietnam 1.02 3/ 6.47 6.45 0.00 0.00 1.05 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on suppl y less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regi ons listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. September 2023 WASDE - 640 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2023/24 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Aug 94.13 114.12 43.88 116.94 43.86 -0.25 91.60 Sep 93.18 112.39 43.27 115.88 43.27 -0.26 89.96 World Less China Aug 55.77 87.12 33.88 79.44 43.76 -0.25 53.83 Sep 55.78 85.39 33.27 78.38 43.17 -0.26 53.16 United States Aug 3.70 13.99 0.01 2.15 12.50 -0.05 3.10 Sep 4.25 13.13 0.01 2.15 12.30 -0.06 3.00 filler filler filler filler filler filler filler Total Foreign Aug 90.43 100.12 43.88 114.79 31.36 -0.20 88.50 Sep 88.93 99.26 43.27 113.73 30.97 -0.20 86.96 Major Exporters 4/ Aug 39.43 57.07 2.17 33.71 27.28 -0.20 37.88 Sep 39.88 56.61 1.97 33.21 27.14 -0.20 38.31 Central Asia 5/ Aug 3.29 5.19 0.10 4.19 1.38 0.00 3.01 Sep 3.13 5.19 0.10 4.19 1.38 0.00 2.85 Afr. Fr. Zone 6/ Aug 1.13 5.32 3/ 0.10 5.00 0.00 1.36 Sep 1.16 4.92 3/ 0.10 4.73 0.00 1.25 S. Hemis. 7/ Aug 23.00 20.48 0.17 4.40 18.23 -0.20 21.22 Sep 23.59 21.03 0.17 4.40 18.64 -0.20 21.95 Australia Aug 4.74 5.40 3/ 0.01 5.90 -0.20 4.43 Sep 4.78 5.40 3/ 0.01 5.80 -0.20 4.57 filler filler filler filler filler filler filler Brazil Aug 15.89 13.25 0.02 3.30 11.25 0.00 14.61 Sep 16.39 13.80 0.02 3.30 11.80 0.00 15.11 India Aug 11.70 25.50 1.50 24.50 2.20 0.00 12.00 Sep 11.70 25.00 1.30 24.00 2.00 0.00 12.00 Major Importers 8/ Aug 48.09 39.91 39.24 77.00 2.54 0.00 47.70 Sep 46.12 39.51 38.83 76.44 2.29 0.00 45.73 Mexico Aug 0.50 1.28 1.00 1.95 0.40 0.00 0.42 Sep 0.45 1.10 1.00 1.80 0.30 0.00 0.45 China Aug 38.36 27.00 10.00 37.50 0.10 0.00 37.76 Sep 37.40 27.00 10.00 37.50 0.10 0.00 36.80 European Union 9/ Aug 0.42 1.48 0.59 0.61 1.47 0.00 0.41 Sep 0.42 1.25 0.59 0.61 1.29 0.00 0.35 Turkey Aug 3.53 3.50 4.40 8.00 0.50 0.00 2.93 Sep 2.63 3.50 4.40 8.00 0.50 0.00 2.03 Pakistan Aug 1.55 6.50 4.20 10.00 0.05 0.00 2.20 Sep 1.53 6.50 4.20 10.00 0.08 0.00 2.15 Indonesia Aug 0.35 3/ 2.30 2.20 0.01 0.00 0.45 Sep 0.36 3/ 2.30 2.20 0.01 0.00 0.46 Thailand Aug 0.15 3/ 0.74 0.74 0.00 0.00 0.16 Sep 0.14 3/ 0.73 0.73 0.00 0.00 0.14 Bangladesh Aug 1.98 0.16 8.00 8.00 0.00 0.00 2.14 Sep 1.93 0.16 7.70 7.70 0.00 0.00 2.09 Vietnam Aug 1.03 3/ 7.00 7.00 0.00 0.00 1.03 Sep 1.05 3/ 6.90 6.90 0.00 0.00 1.05 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on suppl y less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso , Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. September 2023 WASDE - 640 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 100.25 360.14 156.59 314.45 364.01 153.89 99.09 World Less China 69.39 343.75 65.04 226.55 255.62 153.79 68.77 United States 6.99 121.53 0.43 59.98 62.92 58.57 7.47 Total Foreign 93.26 238.62 156.16 254.47 301.09 95.32 91.62 Major Exporters 3/ 55.39 181.82 4.43 91.83 102.47 87.25 51.93 Argentina 25.06 43.90 3.84 38.83 46.04 2.86 23.90 Brazil 29.58 130.50 0.54 50.71 53.96 79.06 27.60 Paraguay 0.48 4.18 0.04 2.20 2.25 2.27 0.18 Major Importers 4/ 34.24 20.29 123.78 116.74 144.71 0.42 33.18 China 30.86 16.40 91.56 87.90 108.39 0.10 30.32 European Union 1.56 2.83 14.55 15.40 16.97 0.29 1.68 Southeast Asia 5/ 1.19 0.53 8.26 4.45 9.33 0.02 0.63 Mexico 0.46 0.29 5.96 6.35 6.40 0.00 0.30 2022/23 Est. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 99.09 370.11 167.27 311.72 363.40 170.08 102.99 World Less China 68.77 349.83 65.27 218.72 248.70 169.99 65.19 United States 7.47 116.38 0.82 60.42 63.70 54.16 6.81 Total Foreign 91.62 253.73 166.45 251.30 299.70 115.93 96.18 Major Exporters 3/ 51.93 190.75 9.46 86.38 96.68 105.58 49.88 Argentina 23.90 25.00 9.20 30.25 36.50 4.00 17.60 Brazil 27.60 156.00 0.15 53.00 56.80 95.00 31.95 Paraguay 0.18 9.05 0.01 3.05 3.18 5.80 0.26 Major Importers 4/ 33.18 23.74 134.31 120.81 150.13 0.34 40.75 China 30.32 20.28 102.00 93.00 114.70 0.10 37.80 European Union 1.68 2.55 13.60 14.50 16.08 0.23 1.53 Southeast Asia 5/ 0.63 0.49 8.81 4.21 9.13 0.02 0.79 Mexico 0.30 0.18 6.40 6.50 6.55 0.00 0.33 2023/24 Proj. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ Aug 103.09 402.79 166.25 329.53 383.94 168.77 119.40 Sep 102.99 401.33 165.97 327.74 382.62 168.42 119.25 World Less China Aug 66.32 382.29 67.25 234.53 265.94 168.67 81.23 Sep 65.19 380.83 65.97 231.74 263.62 168.32 80.05 United States Aug 7.08 114.45 0.82 62.60 66.01 49.67 6.67 Sep 6.81 112.84 0.82 62.32 65.76 48.72 5.99 Total Foreign Aug 96.00 288.33 165.43 266.94 317.93 119.11 112.73 Sep 96.18 288.49 165.16 265.42 316.86 119.70 113.26 Major Exporters 3/ Aug 50.98 223.90 6.18 95.60 106.54 109.50 65.03 Sep 49.88 223.90 6.18 93.85 105.34 110.00 64.63 Argentina Aug 17.70 48.00 5.70 36.25 42.95 4.60 23.85 Sep 17.60 48.00 5.70 34.50 41.75 4.60 24.95 Brazil Aug 32.95 163.00 0.45 55.75 59.70 96.50 40.20 Sep 31.95 163.00 0.45 55.75 59.70 97.00 38.70 Paraguay Aug 0.26 10.00 0.02 3.50 3.65 6.00 0.63 Sep 0.26 10.00 0.02 3.50 3.65 6.00 0.63 Major Importers 4/ Aug 39.72 24.48 133.19 124.41 155.38 0.42 41.59 Sep 40.75 24.51 133.59 125.13 156.01 0.42 42.43 China Aug 36.77 20.50 99.00 95.00 118.00 0.10 38.17 Sep 37.80 20.50 100.00 96.00 119.00 0.10 39.20 European Union Aug 1.61 3.02 14.10 15.15 16.74 0.30 1.68 Sep 1.53 3.05 13.80 15.00 16.59 0.30 1.49 Southeast Asia 5/ Aug 0.71 0.47 10.24 5.16 10.41 0.02 1.00 Sep 0.79 0.47 9.94 5.03 10.18 0.02 1.00 Mexico Aug 0.33 0.24 6.40 6.50 6.56 0.00 0.41 Sep 0.33 0.24 6.40 6.50 6.56 0.00 0.41 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and impo rts. Therefore, world supply may not equal world use. 3/ Includes Uruguay 4/ Includes Japan 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. September 2023 WASDE - 640 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 16.13 246.71 67.16 244.79 68.84 16.38 World Less China 15.34 177.10 67.10 175.16 68.35 16.03 United States 0.31 47.01 0.59 35.34 12.28 0.28 Total Foreign 15.82 199.71 66.57 209.44 56.56 16.09 Major Exporters 3/ 6.54 76.39 0.79 29.15 47.74 6.84 Argentina 2.29 30.29 0.14 3.33 26.59 2.80 Brazil 4.06 39.31 0.01 19.55 20.21 3.62 India 0.19 6.80 0.65 6.27 0.94 0.42 Major Importers 4/ 2.39 22.60 38.56 60.03 1.12 2.40 European Union 0.54 12.17 16.70 28.04 0.77 0.60 Mexico 0.20 5.02 1.83 6.88 0.02 0.15 Southeast Asia 5/ 1.60 3.47 18.33 21.48 0.33 1.59 China 0.78 69.62 0.06 69.63 0.48 0.34 2022/23 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 16.38 244.99 63.18 244.53 66.73 13.29 World Less China 16.03 171.34 63.14 172.38 65.73 12.40 United States 0.28 47.69 0.57 35.15 13.06 0.32 Total Foreign 16.09 197.31 62.61 209.38 53.67 12.97 Major Exporters 3/ 6.84 72.91 0.14 30.08 44.40 5.42 Argentina 2.80 23.60 0.08 3.35 21.10 2.02 Brazil 3.62 41.07 0.02 20.00 21.50 3.21 India 0.42 8.24 0.05 6.73 1.80 0.19 Major Importers 4/ 2.40 21.84 37.07 58.59 1.01 1.70 European Union 0.60 11.46 16.00 26.92 0.72 0.42 Mexico 0.15 5.14 1.85 6.95 0.01 0.18 Southeast Asia 5/ 1.59 3.28 17.55 21.10 0.28 1.05 China 0.34 73.66 0.04 72.15 1.00 0.89 2023/24 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Aug 12.28 258.66 67.21 253.60 70.27 14.28 Sep 13.29 257.30 66.91 252.45 69.89 15.16 World Less China Aug 12.28 183.42 67.16 178.81 69.77 14.28 Sep 12.40 181.27 66.86 177.27 68.89 14.37 United States Aug 0.32 49.15 0.54 36.04 13.61 0.36 Sep 0.32 48.97 0.54 35.77 13.70 0.36 Total Foreign Aug 11.96 209.51 66.67 217.56 56.66 13.92 Sep 12.97 208.33 66.37 216.68 56.19 14.79 Major Exporters 3/ Aug 5.32 79.40 0.12 31.22 47.40 6.22 Sep 5.42 78.04 0.12 31.20 46.30 6.07 Argentina Aug 1.92 28.28 0.01 3.45 24.50 2.25 Sep 2.02 26.91 0.01 3.45 23.40 2.09 Brazil Aug 3.21 43.21 0.01 20.70 22.00 3.73 Sep 3.21 43.21 0.01 20.70 22.00 3.73 India Aug 0.19 7.92 0.10 7.07 0.90 0.24 Sep 0.19 7.92 0.10 7.05 0.90 0.26 Major Importers 4/ Aug 1.78 23.08 37.90 59.87 1.02 1.88 Sep 1.70 22.85 37.80 59.27 1.02 2.06 European Union Aug 0.47 11.97 15.75 26.99 0.70 0.49 Sep 0.42 11.85 15.80 26.94 0.70 0.43 Mexico Aug 0.18 5.14 2.00 7.10 0.02 0.20 Sep 0.18 5.14 2.00 7.10 0.02 0.20 Southeast Asia 5/ Aug 1.09 4.02 18.55 22.23 0.31 1.12 Sep 1.05 3.92 18.40 21.69 0.31 1.37 China Aug 0.00 75.24 0.05 74.79 0.50 0.00 Sep 0.89 76.03 0.05 75.18 1.00 0.79 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ Includes Japan. 5/ Indonesia, Malaysi a, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. September 2023 WASDE - 640 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 5.52 59.26 11.54 59.22 12.26 4.83 World Less China 4.38 43.51 11.25 42.52 12.14 4.47 United States 0.97 11.86 0.14 11.26 0.80 0.90 Total Foreign 4.55 47.40 11.40 47.96 11.45 3.93 Major Exporters 3/ 1.25 20.77 0.59 12.49 8.62 1.49 Argentina 0.30 7.66 0.09 2.66 4.87 0.52 Brazil 0.47 9.76 0.03 7.45 2.41 0.41 European Union 0.44 2.93 0.46 2.31 0.97 0.55 Major Importers 4/ 1.78 18.90 6.64 26.16 0.28 0.88 China 1.13 15.75 0.29 16.70 0.11 0.36 India 0.27 1.53 4.23 5.83 0.02 0.19 North Africa 5/ 0.36 1.19 1.42 2.53 0.14 0.31 2022/23 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 4.83 58.70 10.54 57.69 11.46 4.92 World Less China 4.47 42.04 9.94 41.29 11.31 3.84 United States 0.90 11.91 0.17 11.98 0.17 0.84 Total Foreign 3.93 46.79 10.37 45.72 11.29 4.08 Major Exporters 3/ 1.49 19.52 0.63 12.12 8.34 1.19 Argentina 0.52 5.98 0.00 2.03 4.15 0.33 Brazil 0.41 10.21 0.08 7.68 2.75 0.26 European Union 0.55 2.76 0.55 2.36 0.93 0.57 Major Importers 4/ 0.88 19.66 6.17 24.78 0.22 1.72 China 0.36 16.67 0.60 16.40 0.15 1.08 India 0.19 1.85 3.65 5.25 0.02 0.43 North Africa 5/ 0.31 0.87 1.24 2.18 0.05 0.19 2023/24 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Aug 4.93 61.96 10.70 60.59 11.61 5.40 Sep 4.92 61.61 10.68 60.09 11.62 5.50 World Less China Aug 3.78 44.94 10.30 43.39 11.51 4.12 Sep 3.84 44.40 10.28 42.79 11.42 4.31 United States Aug 0.85 12.26 0.17 12.27 0.18 0.83 Sep 0.84 12.21 0.18 12.25 0.16 0.83 Total Foreign Aug 4.07 49.70 10.53 48.32 11.43 4.57 Sep 4.08 49.40 10.50 47.85 11.46 4.67 Major Exporters 3/ Aug 1.15 21.44 0.43 13.41 8.44 1.16 Sep 1.19 21.06 0.43 13.11 8.34 1.22 Argentina Aug 0.33 7.16 0.00 2.55 4.55 0.38 Sep 0.33 6.81 0.00 2.33 4.40 0.41 Brazil Aug 0.31 10.73 0.03 8.53 2.20 0.35 Sep 0.26 10.73 0.03 8.45 2.25 0.32 European Union Aug 0.49 2.88 0.40 2.27 1.10 0.41 Sep 0.57 2.85 0.40 2.27 1.10 0.46 Major Importers 4/ Aug 1.72 20.11 5.88 25.58 0.18 1.94 Sep 1.72 20.29 5.82 25.60 0.28 1.95 China Aug 1.15 17.02 0.40 17.20 0.10 1.27 Sep 1.08 17.20 0.40 17.30 0.20 1.18 India Aug 0.33 1.78 3.30 5.05 0.02 0.34 Sep 0.43 1.78 3.25 5.00 0.02 0.44 North Africa 5/ Aug 0.19 0.97 1.45 2.32 0.05 0.24 Sep 0.19 0.98 1.44 2.32 0.05 0.25 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Includes Paraguay 4/ Includes Bangladesh 5/ Algeria, Egypt, Morocco, a nd Tunisia. Totals may not add due to rounding. September 2023 WASDE - 640 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2022 III 7,144 6,534 13,723 11,896 1,264 13,312 27,035 2,259 56.4 IV 7,052 6,919 14,017 11,861 1,310 13,310 27,327 2,277 55.9 Annual 28,291 26,996 55,471 46,206 5,222 51,997 107,469 9,074 226.5 2023 I 6,821 7,071 13,937 11,549 1,348 13,039 26,976 2,209 56.9 II 6,710 6,593 13,348 11,545 1,410 13,105 26,453 2,287 58.1 III* 6,645 6,415 13,101 11,800 1,400 13,355 26,456 2,325 56.3 IV* 6,765 7,080 13,890 11,800 1,420 13,355 27,245 2,360 56.3 Annual Aug Proj. 26,981 27,264 54,424 46,976 5,578 53,124 107,548 9,239 227.9 Sep Proj. 26,941 27,159 54,275 46,694 5,578 52,854 107,129 9,181 227.5 2024 I* 6,335 6,895 13,274 11,650 1,400 13,190 26,464 2,340 57.7 II* 6,315 6,520 12,878 11,710 1,400 13,255 26,133 2,365 58.5 Annual Aug Proj. 25,165 27,335 52,678 47,470 5,650 53,675 106,353 9,525 230.5 Sep Proj. 25,165 27,335 52,675 47,310 5,650 53,525 106,200 9,455 230.4 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2022 III 143.42 80.20 136.1 165.4 295.6 24.57 IV 152.99 63.49 123.5 177.5 411.7 25.17 Annual 144.40 71.21 140.5 154.5 282.4 25.34 2023 I 160.92 54.83 124.5 170.8 315.9 21.93 II 179.02 56.69 139.3 156.2 135.8 19.30 III* 184.00 69.00 114.0 135.0 139.0 18.90 IV* 190.00 59.00 115.0 136.0 160.0 21.45 Annual Aug Proj. 178.5 62.2 122.2 152.4 181.7 19.95 Sep Proj. 178.5 59.9 123.2 149.5 187.7 20.40 2024 I* 188.00 63.00 120.0 145.0 160.0 20.95 II* 186.00 68.00 125.0 146.0 135.0 19.80 Annual Aug Proj. 186 65 121 154 144 19.35 Sep Proj. 186 65 121 147 149 20.30 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51-52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. September 2023 WASDE - 640 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2022 676 28,359 3,390 32,425 3,544 723 28,157 59.1 2023 Proj. Aug 723 27,049 3,512 31,285 3,214 640 27,431 57.3 Sep 723 27,009 3,547 31,280 3,054 620 27,606 57.6 2024 Proj. Aug 640 25,233 3,560 29,433 2,970 640 25,823 53.6 Sep 620 25,233 3,590 29,443 2,900 620 25,923 53.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2022 446 27,011 1,344 28,800 6,345 504 21,951 51.1 2023 Proj. Aug 504 27,279 1,080 28,863 6,926 490 21,448 49.6 Sep 504 27,174 1,105 28,783 6,801 480 21,503 49.8 2024 Proj. Aug 490 27,350 1,155 28,995 6,980 485 21,530 49.5 Sep 480 27,350 1,155 28,985 6,900 465 21,620 49.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2022 1,147 55,564 5,092 61,804 9,895 1,256 50,653 111.6 2023 Proj. Aug 1,256 54,517 4,898 60,670 10,144 1,162 49,365 108.2 Sep 1,256 54,369 4,958 60,582 9,859 1,132 49,591 108.7 2024 Proj. Aug 1,162 52,771 5,085 59,017 9,956 1,152 47,910 104.6 Sep 1,132 52,768 5,115 59,014 9,806 1,112 48,097 105.0 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2022 705 45,711 176 46,593 7,290 892 38,411 98.9 2023 Proj. Aug 892 46,473 115 47,480 7,293 880 39,308 100.7 Sep 892 46,194 115 47,201 7,253 880 39,069 100.1 2024 Proj. Aug 880 46,962 130 47,972 7,515 900 39,557 100.7 Sep 880 46,804 130 47,814 7,430 900 39,484 100.6 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2022 166 5,222 85 5,473 407 190 4,877 14.6 2023 Proj. Aug 190 5,578 50 5,817 435 200 5,183 15.5 Sep 190 5,578 53 5,821 440 195 5,186 15.5 2024 Proj. Aug 200 5,650 85 5,935 455 200 5,280 15.7 Sep 195 5,650 85 5,930 460 200 5,270 15.6 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2022 874 51,502 268 52,645 7,716 1,087 43,841 115.2 2023 Proj. Aug 1,087 52,621 167 53,875 7,747 1,085 45,043 117.8 Sep 1,087 52,354 170 53,611 7,712 1,080 44,819 117.2 2024 Proj. Aug 1,085 53,166 221 54,472 7,986 1,105 45,381 118.0 Sep 1,080 53,018 221 54,319 7,906 1,105 45,308 117.9 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2022 2,021 107,067 5,361 114,449 17,611 2,343 94,494 226.8 2023 Proj. Aug 2,343 107,138 5,065 114,546 17,892 2,247 94,408 226.0 Sep 2,343 106,722 5,128 114,193 17,572 2,212 94,410 225.9 2024 Proj. Aug 2,247 105,937 5,306 113,490 17,942 2,257 93,292 222.6 Sep 2,212 105,786 5,336 113,333 17,712 2,217 93,405 222.9 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. September 2023 WASDE - 640 - 33 U.S. Egg Supply and Use Commodity 2021 2022 2023 Proj. 2023 Proj. 2024 Proj. 2024 Proj. Aug Sep Aug Sep Eggs Million Dozen Supply Beginning Stocks 24.5 19.1 18.8 18.8 20.0 21.0 Production 9,297.9 9,073.8 9,238.9 9,181.4 9,525.0 9,455.0 Imports 18.2 26.0 27.1 29.1 19.0 23.0 Total Supply 9,340.6 9,118.9 9,284.7 9,229.2 9,564.0 9,499.0 Use Exports 392.1 226.5 277.2 257.2 265.0 265.0 Hatching Use 1,103.9 1,116.4 1,128.3 1,128.3 1,145.0 1,135.0 Ending Stocks 19.1 18.8 20.0 21.0 19.5 19.5 Disappearance Total 7,825.4 7,757.2 7,859.3 7,822.8 8,134.5 8,079.5 Per Capita (number) 282.5 279.0 281.2 280.0 289.4 287.5 Total U.S. Milk Supply and Use Commodity 2021 2022 2023 Proj. 2023 Proj. 2024 Proj. 2024 Proj. Aug Sep Aug Sep Milk Billion Pounds Production 226.3 226.5 227.9 227.5 230.5 230.4 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beginning Stocks 15.6 14.3 14.4 14.4 14.6 14.6 Marketings 225.3 225.5 226.9 226.5 229.5 229.4 Imports 6.5 7.1 7.5 7.4 7.5 7.4 Total Supply 247.4 246.9 248.8 248.3 251.6 251.4 Fat Basis Use Exports 11.5 13.4 11.1 11.1 12.4 12.1 Ending Stocks 14.3 14.4 14.6 14.6 14.6 14.6 Domestic Use 221.6 219.1 223.1 222.6 224.6 224.7 Skim -solid Basis Supply Beginning Stocks 10.9 11.1 11.7 11.7 12.0 12.0 Marketings 225.3 225.5 226.9 226.5 229.5 229.4 Imports 5.8 6.7 6.5 6.5 6.8 6.8 Total Supply 241.9 243.3 245.1 244.6 248.3 248.3 Skim -solid Basis Use Exports 50.6 52.9 50.5 50.0 53.3 53.0 Ending Stocks 11.1 11.7 12.0 12.0 12.1 12.0 Domestic Use 180.2 178.7 182.6 182.6 182.9 183.3 Total Note: Totals may not add due to rounding. September 2023 WASDE - 640 - 34 U.S. Dairy Prices Commodity 2021 2022 2023 Proj. 2023 Proj. 2024 Proj. 2024 Proj. Aug Sep Aug Sep Product Prices 1/ Dollars Per Pound Cheese 1.6755 2.1122 1.775 1.810 1.755 1.845 Butter 1.7325 2.8665 2.495 2.540 2.430 2.550 Nonfat Dry Milk 1.2693 1.6851 1.175 1.160 1.125 1.090 Dry Whey 0.5744 0.6057 0.325 0.345 0.305 0.315 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 17.08 21.96 16.90 17.35 16.55 17.55 Class IV 16.09 24.47 18.50 18.60 17.80 18.00 All Milk 3/ 18.53 25.34 19.95 20.40 19.35 20.30 All prices are January -December averages. 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation. September 2023 WASDE - 640 - 35 Reliability of September Projections 1/ Note: Tables on pages 35 -37 present a record of the September projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 1.9 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 3. 2 percent. The average difference between the September projection and the final estimate is 8.4 million tons, ranging from 0.9 million to 30.7 million tons. The September projection has been below the estimate 27 times and above 15 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 1.9 3.2 8.4 0.9 30.7 27 15 U.S. 2.3 3.8 0.9 0.0 3.6 16 26 Foreign 2.1 3.6 8.5 0.2 30.9 30 12 Exports World 5.8 9.7 6.6 0.3 22.0 33 9 U.S. 10.1 17.0 2.5 0.2 10.0 18 24 Foreign 7.2 12.1 6.3 0.2 21.4 32 10 Domestic Use World 1.7 2.9 7.6 0.2 33.8 24 18 U.S. 7.2 12.1 1.9 0.0 5.5 14 28 Foreign 1.7 2.9 7.6 0.1 33.6 28 14 Ending Stocks World 7.9 13.4 10.2 0.3 30.5 31 11 U.S. 14.0 23.5 2.6 0.5 12.4 24 18 Foreign 8.7 14.6 9.0 0.5 28.3 31 11 COARSE GRAINS 2/ Production World 2.1 3.6 17.6 0.2 50.6 31 11 U.S. 4.1 6.9 7.8 0.2 26.0 26 16 Foreign 2.5 4.2 15.6 1.0 59.9 30 12 Exports World 6.8 11.5 6.7 0.1 25.2 29 13 U.S. 20.1 33.9 7.5 0.4 19.1 17 25 Foreign 13.2 22.2 7.9 0.7 20.9 28 14 Domestic Use World 1.5 2.5 11.9 0.4 39.0 23 19 U.S. 3.6 6.0 6.2 0.1 15.8 26 16 Foreign 1.7 2.9 10.9 0.4 37.8 26 16 Ending Stocks World 13.8 23.3 19.2 1.7 170.3 31 11 U.S. 28.7 48.4 8.8 0.1 35.8 19 23 Foreign 15.9 26.7 15.1 0.7 155.3 34 8 RICE, milled Production World 2.2 3.7 6.2 0.4 24.1 33 9 U.S. 4.2 7.1 0.2 0.0 0.5 23 18 Foreign 2.3 3.8 6.2 0.3 24.4 33 9 Exports World 9.1 15.3 1.9 0.1 6.8 30 12 U.S. 11.4 19.2 0.2 0.0 0.9 19 21 Foreign 10.2 17.2 1.9 0.1 6.8 30 12 Domestic Use World 1.8 3.0 4.3 0.4 22.7 33 9 U.S. 6.7 11.3 0.2 0.0 0.5 21 20 Foreign 1.8 3.0 4.3 0.2 23.1 33 9 Ending Stocks World 11.9 20.1 6.2 0.2 26.9 35 7 U.S. 22.3 37.6 0.2 0.0 0.9 22 20 Foreign 13.0 21.9 6.3 0.2 26.7 35 7 1/ Footnotes at end of table. CONTINUED September 2023 WASDE - 640 - 36 Reliability of September Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 4.7 7.9 8.0 0.4 31.7 23 19 U.S. 4.9 8.3 3.0 0.2 10.4 22 20 Foreign 7.6 12.8 7.4 0.9 33.3 18 24 Exports World 7.4 12.4 4.1 0.2 19.9 27 15 U.S. 12.0 20.2 3.0 0.1 9.8 25 17 Foreign 17.4 29.3 3.7 0.0 21.8 19 23 Domestic Use World 3.3 5.6 5.1 0.0 15.3 24 18 U.S. 4.3 7.3 1.6 0.1 4.5 26 16 Foreign 4.1 6.8 5.0 0.0 16.0 24 18 Ending Stocks World 17.1 28.8 5.3 0.2 24.8 23 19 U.S. 46.8 78.8 2.3 0.1 8.2 14 28 Foreign 19.0 32.0 4.8 0.0 24.7 25 16 COTTON Million 480 -Pound Bales Production World 4.6 7.7 3.2 0.1 12.6 23 19 U.S. 6.6 11.2 0.9 0.0 2.5 20 21 Foreign 5.1 8.6 2.7 0.0 11.3 25 17 Exports World 9.7 16.4 2.5 0.0 10.1 24 18 U.S. 20.0 33.6 1.2 0.1 3.4 23 19 Foreign 12.8 21.6 2.0 0.1 8.8 22 20 Domestic Use World 5.0 8.5 3.7 0.1 19.3 16 26 U.S. 10.1 16.9 0.4 0.0 1.3 18 22 Foreign 5.0 8.5 3.6 0.0 18.5 17 24 Ending Stocks World 14.0 23.6 5.8 0.2 16.8 28 14 U.S. 39.5 66.5 1.3 0.0 5.1 17 24 Foreign 14.4 24.2 5.3 0.2 16.8 28 14 1/ Marketing years 1981/82 through 2022/23 for grains, soybeans (U.S. only), and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2021/22, and for 2022/23 the last mon th’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. September 2023 WASDE - 640 - 37 Reliability of United States September Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 4.3 7.2 294 15 885 26 16 Exports 20.7 34.9 272 25 725 17 25 Domestic Use 3.9 6.6 240 0 575 26 15 Ending Stocks 31.9 53.7 333 2 1,386 19 23 SORGHUM Production 7.9 13.3 24 0 81 17 24 Exports 34.3 57.8 43 0 150 21 20 Domestic Use 25.0 42.0 38 0 120 21 19 Ending Stocks 48.3 81.4 30 1 155 14 28 BARLEY Production 5.2 8.7 11 1 36 17 25 Exports 74.2 125.0 12 0 82 17 20 Domestic Use 10.3 17.3 22 0 72 15 25 Ending Stocks 18.1 30.4 18 0 70 20 21 OATS Production 9.5 15.9 11 0 44 7 33 Exports 93.2 157.0 1 0 8 12 14 Domestic Use 6.5 10.9 13 0 39 11 30 Ending Stocks 22.4 37.7 13 0 47 21 20 SOYBEAN MEAL Thousand Short Tons Production 4.2 7.1 1,245 93 4,200 28 14 Exports 13.9 23.3 860 34 4,100 24 18 Domestic Use 3.6 6.0 779 26 3,200 25 17 Ending Stocks 38.6 64.9 54 0 368 15 16 SOYBEAN OIL Million Pounds Production 4.4 7.4 592 26 2,635 27 15 Exports 51.6 86.9 468 0 1,675 22 19 Domestic Use 4.2 7.0 516 86 2,150 27 15 Ending Stocks 29.7 50.1 425 55 1,357 24 18 ANIMAL PROD. Million Pounds Beef 3.9 6.6 799 32 2,486 29 12 Pork 2.9 4.9 409 5 1,356 22 19 Broilers 2.0 3.4 510 23 1,379 25 16 Turkeys 3.8 6.4 150 2 444 21 20 Million Dozen Eggs 2.0 3.4 121 4 414 25 16 Billion Pounds Milk 1.6 2.8 2.1 0.1 7.2 22 19 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2022/23 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2022/23. Calendar years 1982 through 2022 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2022. WASDE- 640-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. IPAD is located at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ Click to receive WASDE -related notifications b y email Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at [email protected] World Agricultural Supply and Demand Estimates WASDE -640 – September 12, 2023 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 595 Approved by the World Agricultural Outlook Board December 10, 2019 WHEAT: The outlook for 2019/20 U.S. wheat is for decreased supplies, higher exports, and lower ending stocks. Wheat imports are lowered 15 million bushels to 105 million on a slower than expected pace to date; Hard Red Spring (HRS) is down 5 million bushels and Durum is lowered 10 million. If realized, these would be the lowest imports in nine years. U.S. wheat exports are raised 25 million bushels to 975 million on a strong pace to date, more competitive prices, and reduced supplies from several major competitors. Hard Red Winter and Durum exports are each raised 10 million bushels, and HRS is raised 5 million. With reduced supplies and higher use, 2019/20 ending stocks are cut 40 million bushels to 974 million, the lowest in 5 years. Despite the tightening stocks, the season -average farm price is lowered $0.05 per bushel to $4.55 based on NASS prices to date and expectations of cash and futures prices for the remainder of the market year. The global outlook for wheat this month is for several mostly offsetting production changes, slightly lower global use and trade, and increased ending stocks. The Argentina and Australia wheat crops are cut 1.0 million tons and 1.1 million tons, respectively, both on continued drought conditions. The Argentina crop is now pegged at 19.0 million tons and Australia’ s crop is estimated to be 16.1 million tons. This is Australia’ s smallest crop since 2007/08. Canada’ s crop is cut 0.7 million tons to 32.4 million on updated government data. Partly offsetting is a 1.6- million -ton production increase for China to 133.6 million on updated National Bureau of Statistics data. The EU and Russia crops are each raised 0.5 million tons reflecting updated harvest data. Projected 2019/20 global exports are reduced 0.9 million tons as reductions for Argentina, Australia, and Canada are partly offset by increases for Russia and the U .S. The U .S. has become more price competitive in some international markets, and increased sales are expected to continue in the second half of the market year from reduced competition. With global use down 1.4 million tons, world ending stocks are raised 1.2 million tons to a record 289.5 million tons. China’ s 2019/20 ending stocks are raised 1.8 million tons to 147.5 million and account for 51 percent of the global total. COARSE GRAINS: This month’s 2019/20 U.S. corn supply and use outlook is unchanged from last month. The projected season -average farm price is unchanged at $3.85 per bushel. Global coarse grain production for 2019/20 is forecast 6.8 million tons higher to 1,401.7 millio n. The 2019/20 foreign coarse grain outlook is for larger production, increased consumption, and higher stocks relative to last month. Foreign corn production is forecast higher with increases for China and Bolivia more than offsetting a reduction for Canada. WASDE- 595-2 China’s corn production is raised, reflecting increases to both area and yield, based on the latest data from the National Bureau of Statistics. Canada’s corn production is lowered, as an increase in harvested area is more than offset by a reduction in yield. Corn exports are lowered for Canada, Laos, and Mexico. Foreign corn ending stocks are raised from last month, largely reflecting increases for China, Bolivia, and Taiwan that more than offset declines for Canada, Colombia, and Paraguay. Global corn stocks, at 300.6 million tons, are up 4.6 million from last month. RICE : The outlook for 2019/20 U.S. rice this month is for unchanged supplies, higher exports, and reduced ending stocks. All rice exports are raised 2.5 million cwt to 97.5 million on export sales and shipment pace to date and on expectations for continued improved competitiveness of U.S. long- grain exports in Western Hemisphere markets. Long- grain exports are increased 3.0 million cwt to 69.0 million, the highest since 2016/17. Conversely, combined medium - and short- grain exports are lowered 0.5 million cwt to 28.5 million on reduced exports outside of Northeast Asian markets. Projected 2019/20 all rice ending stocks are lowered 2.5 million cwt to 33.9 million, down 24 percent from last year. The projected 2019/20 all rice season -average farm price is unchanged at $13.00 per cwt, compared to $12.30 for 2018/19. Global 2019/20 rice supplies are raised by 0.6 million tons to 671.6 million, mainly on higher production for China as its output is raised by 0.7 million tons to 146.7 million on updated production data from China’ s National Bureau of Statistics. World 2019/20 consumption is lowered by 0.2 million tons to 493.8 million. Global 2019/20 trade is decreased fractionally to 45.7 million tons , as reduced exports by India and Thailand are not completely offset by higher exports from Vietnam and Burma. Projected global ending stocks are up 0.8 million tons this month to a record- large 177.8 million with China accounting for 66 percent of the total. OILSEEDS: Total U.S. oilseed production for 2019/20 is forecast at 107.6 million tons, down slightly due to a decrease for cottonseed. Soybean supply and use projections for 2019/20 are unchanged from last month. The U.S. season -average soybean price for 2019/20 is forecast at $8.85 per bushel, down 15 cents. The soybean meal price forecast is reduced $15.00 to $310.00 per short ton. The soybean oil price forecast is unchanged at 31.0 cents per pound. Global 2019/20 oilseed production is forecast up 3. 3 million tons to 574. 6 million, with greater soybean, sunflowerseed, and peanut production partly offset with lower rapeseed and cottonseed forecasts. China’ s soybean production is projected up 1.0 million tons to 18.1 mil lion reflecting higher area and yield reported by the National Bureau of Statistics. Sunflowerseed production is forecast higher for Russia and Ukraine. Sunflower yields for both Ukraine and Russia established new record highs based on a continuing strong upward yield trend, seasonably cool temperatures, and timely mid- summer rainfall. Other changes include increased peanut production for India, lower rapeseed production for Canada, higher cottonseed production for Brazil , and lower cottonseed production for Pakistan. WASDE- 595-3 Global 2019/20 soybean exports are reduced 0.6 million tons to 149. 0 million on a lower forecast for Argentina. Soybean imports are reduced for Vietnam, offset by higher soybean meal imports. Global soybean stocks are forecast higher thi s month on increases for China and Brazil. SUGAR : Beet sugar production for 2019/20 is projected at 4.367 million short tons, raw value (STRV), a reduction of 220,625 from last month. Yield and area harvested forecasts from last month’ s NASS Crop Production report are adjusted down on processors ’ updated forecasts in the latest Sweetener Market Data . Beet pile shrink is forecast at a relatively low 4 percent due to the shortened slice campaign. Sucrose recovery is unchanged from last month. Cane sugar production for 2019/20 is reduced by 110,760 STRV with reductions in Florida and Texas based on downward revisions made by processors. Louisiana production is reduced 82,055 STRV to 1.712 million based on lower sugarcane production reported by NASS and lower sucrose recovery forecast by processors. Minor adjustments to forecasted TRQ imports are made based on a small increase in the raw sugar TRQ shortfall , partially offset by an increase in FTA imports. Sugar imports from Mexico are increased by 708,875 STRV to 1.827 million. With no changes made to use, ending stocks are forecast at 1.655 million STRV for a stocks- to-use ratio of 13.50 percent. Mexico exports to the United States are projected to increase 606,680 metric tons, actual weight (MT) to 1.563 million on projected U.S. Needs implied in the U.S. sugar supply and use for 2019/20 in this December 2019 WASDE. Exports to other destinations are projected at 40,043 MT. According to estimates from CONADESUCA, Mexico has exported 30,043 MT of this amount through November 30. LIVESTOCK, POULTRY, AND DAIRY : The forecast for 2019 total red meat and poultry production is raised from last month on the current pace of beef, pork, and broiler production. Egg production is raised on higher table and hatching egg production. For 2020, the total red meat and poultry forecast is increased from last month as higher broiler production more than offsets a lower beef production forecast. Recent hatchery data, lower feed costs , and expected gains in exports will likely support a more rapid pace of expansion during the year. Beef production is reduced on slightly slower pace of both fed and nonfed c attle slaughter in the first half of the year. The pork and turkey production forecasts are unchanged. USDA will publish the Quarterly Hogs and Pigs report on December 23 which will provide an indication of producer farrowing plans for first-half 2020. The 2020 egg production forecast is raised from the previous month. Beef imports for 2019 and 2020 are raised from last month on trade data to date and expectations that demand for processing -grade beef will remain strong. Exports for 2020 are lowered to reflect a slightly weaker pace of sales; the forecast for 2020 is unchanged. Pork export forecasts for 2019 and 2020 are lower ed to reflect slower -than-previously expected growth in exports to several markets although the recent trade agreement with Japan is expected to mitigate the decline in total exports. The 2019 broiler export forecast is unchanged from last month, but turkey exports are increased slightly. Broiler WASDE- 595-4 and turkey export forecasts for 2020 are increased on the recent announcement by China that it is reopening its market to U.S. poultry meat . The cattle price forecast is raised for fourth -quarter 2019 based on recent data and the strength is expected to carry into 2020. The 2019 and 2020 hog price forecasts are reduced on current price weakness. The 2019 broiler price forecast is unchanged from last month, but increased production in 2020 is expected to pressure prices. The 2019 turkey price is raised, but the 2020 price forecast is unchanged. The egg price forecasts for 2019 and 2020 are increased on recent price strength. The milk production forecasts for 2019 and 2020 are unchanged from the previous month. The 2019 and 2020 fat basis import forecasts are lowered largely on lower expected imports of butterfat products. The f at basis export forecast for 2019 is unchanged, but 2020 is raised on higher exports of butterfat products. S kim-solids basis import forecasts for 2019 and 2020 are unchanged. Skim -solids basis exports are raised on larger shipments of nonfat dry milk/skim milk powder. Cheese and butter price forecasts for 2019 are lowered, but the nonfat dry milk (NDM) price is raised. The whey price is unchanged. For 2020, the butter price is reduced on continued demand softness, but cheese prices are forecast slightly higher on stronger demand. NDM and whey prices are raised, supported by higher expected export demand. The 2019 Class III price forecasts is lowered on the weaker cheese price; the Class IV price is unchanged from last month as the lower butter price is offset by a higher NDM price. The 2020 forecast of both Class III and Class IV are raised on gains in most product prices with the exception of butter. The 2019 all milk price forecast is unchanged at $18.60 per cwt; the 2020 all milk price is raised to $19.40 per cwt. COTTON : This month’ s outlook for U.S. cotton in 2019/20 includes lower production and ending stocks compared with last month. Production is lowered 611,000 bales mainly due to a 500,000- bale decline in Texas. Domestic mill use and exports are unchanged. Ending stocks are 600,000 bales lower this month, at 5.5 million. Upland cotton’s season -average farm price is also unchanged at 61 cents per pound. The global 2019/20 cotton forecasts include lower beginning stocks and production, largely offset by lower consumption. A nearly 900,000 -bale decline this month in beginning stocks is led by a 700,000 -bale reduction in India, following a report by India’ s Cotton Advisory Board that lowered India’ s 2018/19 cotton crop by a similar amount. World cotton production in 2019/20 is projected at 121.1 million bales, down 830,000 from November, and 3.0 million higher than in 2018/19. Production changes for 2019/20 this month other than the United States include decreases of 800,000 bales for Pakistan, 500,000 for India, and smaller declines for Australia, Turkey, and Chad. Partly offsetting are a 900,000 -bale increase in Brazil’ s projected crop, a 500,000- bale increase for Uzbekistan, and several smaller gains. A 1.2- million -bale decline this month in projected world consumption is led by a 1.0 -million -bale reduction for China, due in part to lower textile exports. The consumption forecasts for Vietnam and Pakistan were also reduced, offsetting a small increase for Uzbekistan. WASDE- 595-5 Global 2019/20 ending stocks are nearly 500,000 bales lower this month. At 80.3 million bales, total ending stocks are only projected about 600,000 bales higher than in 2018/19, but stocks outside of China are expected to rise 3.1 million bales from the year before. Approved by the Secretary of Agriculture and t he Acting Chairman of the World Agricultural Outlook Board, Mark Jekanowski , (202) 720- 6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: STEPHEN CENSKY SECRETA RY OF AGRICULTURE DESIGNATE WASDE- 595-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers, ICEC Chair, WAOB, [email protected] Jennifer Bond, ERS; Andrew Sowell, FAS; Pete Riley, FPAC. Rice: William Chambers, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Nicole Podesta, FAS; Vidalina Abadam, FPAC . Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Tom Capehart, ERS; Yoonhee Macke, FAS; Sharon Raszap, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Mark Ash, ERS; Bill George, FAS; Sherrie Grimm, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; James Johnson, FAS; Kent Lanclos , FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Michael McConnell, ERS; Ron Lord, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Lindsay Kuberka, FAS. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Kim Ha, ERS; Clair e Mezoughem, FAS. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS. In 2020, the WASDE report will be released on Jan 10, Feb 11, Mar 10, Apr 9, May 12, June 11, July 10, Aug 12, Sep 11, Oct 9, Nov 10, and Dec 10. WASDE- 595-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexi co Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Production .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Ta bles................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 December 2019 WASDE - 595 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2017/18 2619.04 3417.28 414.83 2600.64 816.64 2018/19 (Est.) 2628.82 3445.46 428.58 2648.01 797.45 filler filler filler filler filler 2019/20 (Proj.) Nov 2658.19 3456.69 428.02 2664.54 792.15 2019/20 (Proj.) Dec 2665.50 3462.95 426.56 2664.18 798.77 filler filler filler filler filler Wheat 2017/18 762.88 1025.58 182.47 742.52 283.06 2018/19 (Est.) 731.35 1014.40 173.17 736.56 277.85 filler filler filler filler filler 2019/20 (Proj.) Nov 765.55 1043.45 180.68 755.17 288.28 2019/20 (Proj.) Dec 765.41 1043.26 179.81 753.76 289.50 filler filler filler filler filler Coarse Grains 5/ 2017/18 1361.36 1746.99 185.23 1376.08 370.91 2018/19 (Est.) 1398.27 1769.19 211.25 1422.81 346.37 filler filler filler filler filler 2019/20 (Proj.) Nov 1394.89 1742.19 201.56 1415.37 326.83 2019/20 (Proj.) Dec 1401.70 1748.07 201.08 1416.59 331.48 filler filler filler filler filler Rice, milled 2017/18 494.80 644.71 47.13 482.04 162.67 2018/19 (Est.) 499.19 661.87 44.16 488.64 173.23 filler filler filler filler filler 2019/20 (Proj.) Nov 497.76 671.05 45.78 494.01 177.04 2019/20 (Proj.) Dec 498.40 671.63 45.67 493.83 177.80 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2017/18 437.43 541.29 94.57 357.95 88.76 2018/19 (Est.) 438.36 534.34 83.39 362.37 88.58 filler filler filler filler filler 2019/20 (Proj.) Nov 419.05 515.22 78.76 355.32 81.14 2019/20 (Proj.) Dec 419.05 514.81 79.54 355.32 79.95 filler filler filler filler filler Wheat 2017/18 47.38 83.81 24.66 29.25 29.91 2018/19 (Est.) 51.31 84.89 25.48 30.02 29.39 filler filler filler filler filler 2019/20 (Proj.) Nov 52.26 84.91 25.86 31.46 27.59 2019/20 (Proj.) Dec 52.26 84.50 26.54 31.46 26.51 filler filler filler filler filler Coarse Grains 5/ 2017/18 384.39 449.48 67.16 324.41 57.92 2018/19 (Est.) 379.93 440.49 54.94 327.77 57.77 filler filler filler filler filler 2019/20 (Proj.) Nov 360.82 421.98 49.89 319.70 52.39 2019/20 (Proj.) Dec 360.82 421.98 49.91 319.70 52.37 filler filler filler filler filler Rice, milled 2017/18 5.66 8.00 2.76 4.30 0.93 2018/19 (Est.) 7.12 8.97 2.97 4.58 1.42 filler filler filler filler filler 2019/20 (Proj.) Nov 5.97 8.33 3.02 4.16 1.16 2019/20 (Proj.) Dec 5.97 8.33 3.10 4.16 1.08 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). December 2019 WASDE - 595 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2017/18 2,181.61 2,875.99 320.25 2,242.69 727.88 2018/19 (Est.) 2,190.46 2,911.11 345.19 2,285.63 708.87 filler filler filler filler filler 2019/20 (Proj.) Nov 2,239.15 2,941.47 349.26 2,309.22 711.00 2019/20 (Proj.) Dec 2,246.46 2,948.14 347.02 2,308.86 718.82 filler filler filler filler filler Wheat 2017/18 715.50 941.77 157.81 713.27 253.15 2018/19 (Est.) 680.04 929.52 147.69 706.54 248.46 filler filler filler filler filler 2019/20 (Proj.) Nov 713.29 958.54 154.82 723.71 260.68 2019/20 (Proj.) Dec 713.15 958.75 153.27 722.30 262.99 filler filler filler filler filler Coarse Grains 5/ 2017/18 976.97 1,297.51 118.07 1,051.67 312.99 2018/19 (Est.) 1,018.34 1,328.70 156.30 1,095.04 288.60 filler filler filler filler filler 2019/20 (Proj.) Nov 1,034.06 1,320.21 151.67 1,095.67 274.43 2019/20 (Proj.) Dec 1,040.87 1,326.09 151.17 1,096.89 279.10 filler filler filler filler filler Rice, milled 2017/18 489.14 636.72 44.37 477.74 161.74 2018/19 (Est.) 492.07 652.89 41.19 484.06 171.81 filler filler filler filler filler 2019/20 (Proj.) Nov 491.79 662.72 42.76 489.85 175.89 2019/20 (Proj.) Dec 492.43 663.30 42.58 489.67 176.73 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grain s. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2017/18 123.78 204.07 41.51 122.76 80.84 2018/19 (Est.) 118.10 198.94 41.34 120.29 79.69 filler filler filler filler filler 2019/20 (Proj.) Nov 121.94 202.49 44.03 121.49 80.80 2019/20 (Proj.) Dec 121.11 200.80 44.40 120.27 80.32 filler filler filler filler filler United States 2017/18 20.92 23.68 16.28 3.23 4.20 2018/19 (Est.) 18.37 22.57 14.76 2.98 4.85 filler filler filler filler filler 2019/20 (Proj.) Nov 20.82 25.67 16.50 3.00 6.10 2019/20 (Proj.) Dec 20.21 25.06 16.50 3.00 5.50 filler filler filler filler filler Foreign 4/ 2017/18 102.86 180.39 25.24 119.54 76.64 2018/19 (Est.) 99.73 176.37 26.58 117.31 74.84 filler filler filler filler filler 2019/20 (Proj.) Nov 101.12 176.82 27.53 118.49 74.70 2019/20 (Proj.) Dec 100.90 175.74 27.90 117.27 74.82 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. December 2019 WASDE - 595 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2017/18 581.45 690.63 176.28 484.22 116.48 2018/19 (Est.) 596.59 713.07 171.47 488.81 127.92 filler filler filler filler filler 2019/20 (Proj.) Nov 571.30 699.06 172.55 494.66 109.99 2019/20 (Proj.) Dec 574.62 702.54 171.63 496.50 111.57 filler filler filler filler filler Oilmeals 2017/18 331.76 349.26 89.14 328.38 16.95 2018/19 (Est.) 332.98 349.93 93.88 331.62 14.96 filler filler filler filler filler 2019/20 (Proj.) Nov 337.76 352.64 93.64 336.39 13.79 2019/20 (Proj.) Dec 338.59 353.55 94.34 336.79 14.51 filler filler filler filler filler Vegetable Oils 2017/18 198.73 219.41 79.93 192.24 22.29 2018/19 (Est.) 203.04 225.33 86.24 200.17 21.10 filler filler filler filler filler 2019/20 (Proj.) Nov 206.47 227.55 88.69 204.54 19.09 2019/20 (Proj.) Dec 207.06 228.15 89.01 204.83 19.21 filler filler filler filler filler United States Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2017/18 131.48 142.50 59.31 60.17 13.83 2018/19 (Est.) 130.72 145.65 48.70 61.03 26.66 filler filler filler filler filler 2019/20 (Proj.) Nov 107.74 135.58 49.53 61.60 14.63 2019/20 (Proj.) Dec 107.57 135.37 49.44 61.57 14.62 filler filler filler filler filler Oilmeals 2017/18 47.03 51.17 13.00 37.61 0.56 2018/19 (Est.) 46.52 51.02 12.58 38.01 0.42 filler filler filler filler filler 2019/20 (Proj.) Nov 47.33 51.59 12.42 38.75 0.42 2019/20 (Proj.) Dec 47.33 51.59 12.28 38.88 0.42 filler filler filler filler filler Vegetable Oils 2017/18 12.11 18.12 1.34 15.54 1.24 2018/19 (Est.) 12.19 18.14 1.10 15.88 1.16 filler filler filler filler filler 2019/20 (Proj.) Nov 12.41 18.37 1.01 16.34 1.02 2019/20 (Proj.) Dec 12.41 18.37 1.01 16.34 1.02 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2017/18 449.97 548.12 116.97 424.06 102.65 2018/19 (Est.) 465.88 567.42 122.76 427.78 101.26 filler filler filler filler filler 2019/20 (Proj.) Nov 463.55 563.49 123.01 433.06 95.37 2019/20 (Proj.) Dec 467.05 567.17 122.19 434.94 96.95 filler filler filler filler filler Oilmeals 2017/18 284.73 298.09 76.14 290.78 16.39 2018/19 (Est.) 286.46 298.91 81.30 293.61 14.54 filler filler filler filler filler 2019/20 (Proj.) Nov 290.43 301.05 81.22 297.64 13.37 2019/20 (Proj.) Dec 291.26 301.96 82.06 297.90 14.09 filler filler filler filler filler Vegetable Oils 2017/18 186.62 201.29 78.58 176.70 21.05 2018/19 (Est.) 190.85 207.19 85.14 184.29 19.94 filler filler filler filler filler 2019/20 (Proj.) Nov 194.06 209.18 87.68 188.20 18.07 2019/20 (Proj.) Dec 194.65 209.78 88.00 188.49 18.20 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. December 2019 WASDE - 595 - 11 U.S. Wheat Supply and Use 1/ 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Nov Dec Million Acres Area Planted 46.1 47.8 45.2 45.2 Area Harvested 37.6 39.6 37.2 37.2 Bushels Yield per Harvested Acre 46.4 47.6 51.7 51.7 Million Bushels Beginning Stocks 1,181 1,099 1,080 1,080 Production 1,741 1,885 1,920 1,920 Imports 158 135 120 105 Supply, Total 3,080 3,119 3,120 3,105 Food 964 955 955 955 Seed 63 59 61 61 Feed and Residual 47 90 140 140 Domestic, Total 1,075 1,103 1,156 1,156 Exports 906 936 950 975 Use, Total 1,981 2,039 2,106 2,131 Ending Stocks 1,099 1,080 1,014 974 Avg. Farm Price ($/bu) 2/ 4.72 5.16 4.60 4.55 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2018/19 (Est.) Beginning Stocks 581 191 205 87 35 1,099 Production 662 587 286 272 78 1,885 Supply, Total 3/ 1,248 846 495 365 165 3,119 Domestic Use 401 324 209 81 88 1,103 Exports 331 259 128 196 22 936 Use, Total 732 583 337 277 110 2,039 Ending Stocks, Total 516 263 158 88 55 1,080 2019/20 (Proj.) Beginning Stocks 516 263 158 88 55 1,080 Production 833 522 239 272 54 1,920 Supply, Total 3/ 1,354 835 402 365 149 3,105 Domestic Use 481 306 191 90 88 1,156 Exports 390 260 100 190 35 975 Use, Total 871 566 291 280 123 2,131 Ending Stocks, Total Dec 483 269 111 85 26 974 Ending Stocks, Total Nov 493 279 111 85 46 1,014 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. December 2019 WASDE - 595 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Nov Dec Million Acres Area Planted 100.9 100.1 100.7 100.7 Area Harvested 90.5 89.6 89.5 89.5 Metric Tons Yield per Harvested Acre 4.24 4.24 4.03 4.03 Million Metric Tons Beginning Stocks 62.1 57.9 57.8 57.8 Production 384.1 379.7 360.6 360.6 Imports 2.7 2.3 3.1 3.1 Supply, Total 449.0 440.0 421.4 421.4 Feed and Residual 138.6 147.6 139.7 139.7 Food, Seed & Industrial 185.3 179.7 179.5 179.5 Domestic, Total 323.9 327.3 319.1 319.1 Exports 67.2 54.9 49.9 49.9 Use, Total 391.1 382.2 369.0 369.0 Ending Stocks 57.9 57.8 52.4 52.4 CORN 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Proj. November Decemb er Million Acres Area Planted 90.2 89.1 89.9 89.9 Area Harvested 82.7 81.7 81.8 81.8 Bushels Yield per Harvested Acre 176.6 176.4 167.0 167.0 Million Bushels Beginning Stocks 2,293 2,140 2,114 2,114 Production 14,609 14,420 13,661 13,661 Imports 36 28 50 50 Supply, Total 16,939 16,588 15,825 15,825 Feed and Residual 5,304 5,618 5,275 5,275 Food, Seed & Industrial 2/ 7,057 6,791 6,790 6,790 Ethanol & by -products 3/ 5,605 5,376 5,375 5,375 Domestic, Total 12,361 12,409 12,065 12,065 Exports 2,438 2,065 1,850 1,850 Use, Total 14,798 14,474 13,915 13,915 Ending Stocks 2,140 2,114 1,910 1,910 Avg. Farm Price ($/bu) 4/ 3.36 3.61 3.85 3.85 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx . 3/ Corn processed in ethanol plants to produce ethanol and by -products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing - year weighted average price received by farmers. December 2019 WASDE - 595 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Nov Dec Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 5.6 5.7 5.3 5.3 Area Harvested (mil. acres) 5.0 5.1 4.7 4.7 Yield (bushels/acre) 71.7 72.1 75.9 75.9 Beginning Stocks 33 35 64 64 Production 362 365 358 358 Imports 2 0 0 0 Supply, Total 397 400 421 421 Feed and Residual 102 138 160 160 Food, Seed & Industrial 60 106 100 100 Total Domestic 162 244 260 260 Exports 200 93 110 110 Use, Total 362 336 370 370 Ending Stocks 35 64 51 51 Avg. Farm Price ($/bu) 2/ 3.22 3.26 3.40 3.40 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Proj. November Decemb er Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.5 2.5 2.7 2.7 Area Harvested (mil. acres) 2.0 2.0 2.2 2.2 Yield (bushels/acre) 73.0 77.5 77.7 77.7 Beginning Stocks 106 94 87 87 Production 143 154 170 170 Imports 9 6 8 8 Supply, Total 259 254 264 264 Feed and Residual 2 8 15 15 Food, Seed & Industrial 157 155 153 153 Total Domestic 159 162 168 168 Exports 5 5 3 4 Use, Total 164 167 171 172 Ending Stocks 94 87 93 92 Avg. Farm Price ($/bu) 2/ 4.47 4.62 4.70 4.65 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Proj. November Decemb er Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.6 2.7 2.8 2.8 Area Harvested (mil. acres) 0.8 0.9 0.8 0.8 Yield (bushels/acre) 61.7 64.9 64.3 64.3 Beginning Stocks 50 41 38 38 Production 50 56 53 53 Imports 89 87 95 95 Supply, Total 189 184 186 186 Feed and Residual 68 66 70 70 Food, Seed & Industrial 77 78 78 78 Total Domestic 146 144 148 148 Exports 2 2 2 2 Use, Total 148 146 150 150 Ending Stocks 41 38 36 36 Avg. Farm Price ($/bu) 2/ 2.59 2.66 2.95 2.90 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. December 2019 WASDE - 595 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Nov Dec Million Acres Area Planted 2.46 2.95 2.54 2.54 Area Harvested 2.37 2.92 2.48 2.48 Fil ler Pounds Yield per Harvested Acre 7,507 7,692 7,587 7,587 Million Hundredweight Beginning Stocks 2/ 46.0 29.4 44.9 44.9 Production 178.2 224.2 187.9 187.9 Imports 27.5 29.0 29.6 29.6 Supply, Total 251.8 282.6 262.4 262.4 Domestic & Residual 3/ 135.4 144.1 131.0 131.0 Exports, Total 4/ 87.1 93.6 95.0 97.5 Rough 28.8 33.0 33.0 35.0 Milled (rough equiv.) 58.2 60.6 62.0 62.5 Use, Total 222.4 237.7 226.0 228.5 Ending Stocks 29.4 44.9 36.4 33.9 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 12.90 12.30 13.00 13.00 Total LONG -GRAIN RICE 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Proj. November Decemb er Harvested Acres (mil.) 1.75 2.18 Yield (pounds/acre) 7,314 7,517 Beginning Stocks 31.0 20.3 32.6 32.6 Production 127.9 164.0 127.1 127.1 Supply, Total 7/ 182.2 207.7 183.7 183.7 Domestic & Residual 3/ 98.6 109.4 98.0 98.0 Exports 8/ 63.2 65.7 66.0 69.0 Use, Total 161.9 175.1 164.0 167.0 Ending Stocks 20.3 32.6 19.7 16.7 Avg. Farm Price ($/cwt) 6/ 11.50 10.80 11.80 11.80 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Proj. November Decemb er Harvested Acres (mil.) 0.63 0.73 Yield (pounds/acre) 8,048 8,209 Beginning Stocks 11.5 7.6 10.2 10.2 Production 50.4 60.3 60.9 60.9 Supply, Total 7/ 68.2 72.8 76.7 76.7 Domestic & Residual 3/ 36.7 34.8 33.0 33.0 Exports 8/ 23.8 27.8 29.0 28.5 Use, Total 60.6 62.6 62.0 61.5 Ending Stocks 7.6 10.2 14.7 15.2 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 17.00 17.60 16.50 16.50 California 10/ 20.10 20.00 18.50 18.50 Other States 1/ 11.70 12.30 12.30 12.10 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2015/16 -2.9; 2016/17 -3.5; 2017/18 -3.5. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and endin g stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farm ers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the preliminary California SAFP forecast and the final price has averaged $0.98 per cwt from 2014/15 -2017/18, with a high of $3.50 per cwt in 2017/18 and a low of -$0.20 per cwt in 2015/16. 10/ Marketing year beginning October 1. December 2019 WASDE - 595 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Nov Dec Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 90.2 89.2 76.5 76.5 Area Harvested 89.5 87.6 75.6 75.6 Fil ler Bushels Yield per Harvested Acre 49.3 50.6 46.9 46.9 Million Bushels Beginning Stocks 302 438 913 913 Production 4,412 4,428 3,550 3,550 Imports 22 14 20 20 Supply, Total 4,735 4,880 4,483 4,483 Crushings 2,055 2,092 2,105 2,105 Exports 2,134 1,748 1,775 1,775 Seed 104 89 96 96 Residual 5 39 32 32 Use, Total 4,297 3,967 4,008 4,008 Ending Stocks 438 913 475 475 Avg. Farm Price ($/bu) 2/ 9.33 8.48 9.00 8.85 Total SOYBEAN OIL 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Proj. November Decemb er Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,711 1,995 1,776 1,776 Production 4/ 23,772 24,195 24,420 24,420 Imports 335 398 450 450 Supply, Total 25,819 26,589 26,646 26,646 Domestic Disappearance 21,380 22,872 23,500 23,500 Biodiesel 3/ 7,134 7,863 8,500 8,500 Food, Feed & other Industrial 14,247 15,008 15,000 15,000 Exports 2,443 1,941 1,700 1,700 Use, Total 23,823 24,813 25,200 25,200 Ending stocks 1,995 1,776 1,446 1,446 Avg. Price (c/lb) 2/ 30.04 28.26 31.00 31.00 Total SOYBEAN MEAL 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Proj. November Decemb er Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 401 555 402 402 Production 4/ 49,226 48,809 49,498 49,498 Imports 483 684 500 500 Supply, Total 50,109 50,048 50,400 50,400 Domestic Disappearance 35,537 36,092 36,650 36,800 Exports 14,016 13,554 13,350 13,200 Use, Total 49,554 49,646 50,000 50,000 Ending Stocks 555 402 400 400 Avg. Price ($/s.t.) 2/ 345.02 308.28 325.00 310.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received b y farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year cr ush of 2,085 million bushels for 2018/19 and 2,105 million bushels for 2019/20. December 2019 WASDE - 595 - 16 U.S. Sugar Supply and Use 1/ 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Nov Dec Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,876 2,008 1,779 1,780 Production 2/ 9,293 8,996 8,612 8,280 Beet Sugar 5,279 4,939 4,588 4,367 Cane Sugar 4,014 4,057 4,024 3,913 Florida 1,983 2,005 2,096 2,069 Hawaii 0 0 0 0 Louisiana 1,862 1,904 1,794 1,712 Texas 169 147 134 131 Imports 3,277 3,070 3,159 3,860 TRQ 3/ 1,663 1,541 1,621 1,614 Other Program 4/ 326 438 350 350 Other 5/ 1,287 1,092 1,188 1,897 Mexico 1,223 1,000 1,118 1,827 Total Supply 14,445 14,074 13,550 13,920 Exports 170 35 35 35 Deliveries 12,185 12,231 12,230 12,230 Food 12,048 12,106 12,125 12,125 Other 6/ 137 126 105 105 Miscellaneous 82 28 0 0 Total Use 12,438 12,294 12,265 12,265 Ending Stocks 2,008 1,780 1,285 1,655 Stocks to Use Ratio 16.1 14.5 10.5 13.5 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2018/19 and 2019/20 are based on Crop Production and/or processor projections where appropriate. 3/ For 2018/19, WTO raw sugar TRQ shortfall (56) and for 2019/20 (110). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Imports from Mexico; and high- tier tariff sugar and syrups not otherwise specified -- for 2018/19 (91) and 2019/20 (70). 6/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WA SDE -reported deliveries: 2017/18 -- 278; estimated 2018/19 -- 324; projected 2019/20 -- 340. Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2018/19 Est. Nov 1,395 6,426 85 4,532 2,204 1,169 2018/19 Est. Dec 1,395 6,426 85 4,532 2,204 1,169 2019/20 Proj. Nov 1,169 5,772 85 4,492 1,598 936 2019/20 Proj. Dec 1,169 5,772 85 4,492 1,603 930 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2017/18 = 1,593; Estimated 2018/19 = 1,528; Projected 2019/20 = 1,520; Estimated Oct 2019/20 = 120, Oct. 2018/19 = 127. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2018/19 (463 est); 2019/20 (435 proj). Other Deliveries/Ending Year Statistical Adjustments: 2018/19 ( -23), 2019/20 (0). December 2019 WASDE - 595 - 17 U.S. Cotton Supply and Use 1/ 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Nov Dec Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 12.72 14.10 13.76 13.76 Harvested 11.10 10.21 12.51 12.51 Fil ler Pounds Yield per Harvested Acre 905 864 799 775 Million 480 Pound Bales Beginning Stocks 2.75 4.20 4.85 4.85 Production 20.92 18.37 20.82 20.21 Imports 0.00 0.00 0.01 0.01 Supply, Total 23.68 22.57 25.67 25.06 Domestic Use 3.23 2.98 3.00 3.00 Exports, Total 16.28 14.76 16.50 16.50 Use, Total 19.50 17.74 19.50 19.50 Unaccounted 2/ -0.03 -0.02 0.07 0.06 Ending Stocks 4.20 4.85 6.10 5.50 Avg. Farm Price 3/ 68.6 70.3 61.0 61.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. December 2019 WASDE - 595 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 262.70 762.88 180.03 146.39 742.52 182.47 283.06 World Less China 147.77 628.55 176.09 128.89 621.52 181.46 151.86 United States 32.13 47.38 4.30 1.29 29.25 24.66 29.91 Total Foreign 230.57 715.50 175.73 145.10 713.27 157.81 253.15 Major Exporters 4/ 36.22 333.09 6.97 89.55 205.51 131.17 39.61 Argentina 0.25 18.50 0.01 0.05 5.55 12.73 0.47 Australia 5.73 20.94 0.16 4.00 7.48 13.85 5.51 Canada 6.93 30.38 0.45 4.20 9.28 22.00 6.48 European Union 5/ 10.72 151.13 5.82 58.00 130.40 23.38 13.89 Russia 10.82 85.17 0.47 20.00 43.00 41.43 12.03 Ukraine 1.77 26.98 0.06 3.30 9.80 17.78 1.24 Major Importers 6/ 160.57 202.93 115.67 37.70 289.75 12.42 177.00 Bangladesh 1.76 1.15 6.15 0.25 7.05 0.00 2.02 Brazil 2.26 4.26 7.02 0.50 12.00 0.23 1.31 China 114.93 134.33 3.94 17.50 121.00 1.00 131.20 Japan 1.21 0.97 5.88 0.75 6.60 0.28 1.18 N. Africa 7/ 14.28 19.25 27.45 2.25 45.23 0.88 14.87 Nigeria 0.20 0.07 5.16 0.05 4.83 0.40 0.20 Sel. Mideast 8/ 16.65 18.36 18.46 4.10 37.92 0.90 14.65 Southeast Asia 9/ 5.68 0.00 26.06 8.99 25.44 1.11 5.19 Selected Other India 9.80 98.51 1.17 5.00 95.68 0.57 13.23 Kazakhstan 3.54 14.80 0.10 2.10 6.90 9.00 2.54 2018/19 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 283.06 731.35 169.91 139.41 736.56 173.17 277.85 World Less China 151.86 599.92 166.76 119.41 611.56 172.16 138.08 United States 29.91 51.31 3.67 2.44 30.02 25.48 29.39 Total Foreign 253.15 680.04 166.24 136.97 706.54 147.69 248.46 Major Exporters 4/ 39.61 302.60 7.17 81.81 196.61 120.86 31.91 Argentina 0.47 19.50 0.01 0.05 6.05 12.30 1.63 Australia 5.51 17.30 0.36 5.70 9.20 9.01 4.96 Canada 6.48 32.20 0.48 3.56 8.86 24.38 5.92 European Union 5/ 13.89 136.86 5.76 52.00 123.20 23.31 10.00 Russia 12.03 71.69 0.45 18.00 40.50 35.84 7.82 Ukraine 1.24 25.06 0.11 2.50 8.80 16.02 1.59 Major Importers 6/ 177.00 200.17 110.93 38.44 293.69 12.33 182.08 Bangladesh 2.02 1.00 5.00 0.28 7.08 0.00 0.94 Brazil 1.31 5.43 7.02 0.50 12.10 0.60 1.06 China 131.20 131.43 3.15 20.00 125.00 1.01 139.77 Japan 1.18 0.86 5.73 0.68 6.53 0.29 0.95 N. Africa 7/ 14.87 21.00 26.93 2.25 46.15 1.19 15.46 Nigeria 0.20 0.06 4.59 0.05 4.25 0.40 0.20 Sel. Mideast 8/ 14.65 18.37 17.23 3.55 37.90 0.58 11.77 Southeast Asia 9/ 5.19 0.00 26.16 8.14 25.34 1.10 4.92 Selected Other India 13.23 99.87 0.02 5.00 95.63 0.50 16.99 Kazakhstan 2.54 13.95 0.09 1.80 6.60 8.30 1.68 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2019 WASDE - 595 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Nov 277.90 765.55 176.53 148.47 755.17 180.68 288.28 Dec 277.85 765.41 177.57 148.69 753.76 179.81 289.50 World Less China Nov 138.13 633.55 173.33 127.47 627.17 179.38 142.61 Dec 138.08 631.82 174.37 127.69 625.76 178.71 142.04 United States Nov 29.39 52.26 3.27 3.81 31.46 25.86 27.59 Dec 29.39 52.26 2.86 3.81 31.46 26.54 26.51 Total Foreign Nov 248.51 713.29 173.27 144.66 723.71 154.82 260.68 Dec 248.46 713.15 174.72 144.88 722.30 153.27 262.99 Major Exporters 4/ Nov 32.21 326.20 6.66 85.85 200.45 131.00 33.62 Dec 31.91 324.45 6.96 85.90 200.50 129.40 33.42 Argentina Nov 1.93 20.00 0.01 0.05 6.05 14.00 1.89 Dec 1.63 19.00 0.01 0.05 6.05 13.00 1.59 Australia Nov 4.96 17.20 0.15 5.00 8.50 9.00 4.81 Dec 4.96 16.10 0.45 5.20 8.70 8.40 4.41 Canada Nov 5.92 33.00 0.45 4.50 9.50 24.50 5.37 Dec 5.92 32.35 0.45 4.35 9.35 24.00 5.37 European Union 5/ Nov 10.00 153.00 5.50 56.00 127.50 29.00 12.00 Dec 10.00 153.50 5.50 56.00 127.50 29.00 12.50 Russia Nov 7.82 74.00 0.48 17.00 39.50 34.50 8.29 Dec 7.82 74.50 0.48 17.00 39.50 35.00 8.29 Ukraine Nov 1.59 29.00 0.08 3.30 9.40 20.00 1.26 Dec 1.59 29.00 0.08 3.30 9.40 20.00 1.26 Major Importers 6/ Nov 182.10 203.29 115.49 39.66 299.72 13.05 188.11 Dec 182.08 204.89 116.19 39.56 299.72 13.15 190.29 Bangladesh Nov 0.94 1.10 6.00 0.30 7.20 0.00 0.84 Dec 0.94 1.10 6.00 0.30 7.20 0.00 0.84 Brazil Nov 1.06 5.30 7.70 0.50 12.20 0.60 1.26 Dec 1.06 5.30 7.70 0.50 12.20 0.60 1.26 China Nov 139.77 132.00 3.20 21.00 128.00 1.30 145.67 Dec 139.77 133.59 3.20 21.00 128.00 1.10 147.46 Japan Nov 0.97 0.95 5.90 0.70 6.50 0.28 1.04 Dec 0.95 0.96 5.90 0.70 6.50 0.28 1.03 N. Africa 7/ Nov 15.46 18.87 27.40 2.25 46.75 0.89 14.09 Dec 15.46 18.87 27.40 2.25 46.75 0.89 14.09 Nigeria Nov 0.20 0.06 5.10 0.05 4.76 0.40 0.20 Dec 0.20 0.06 5.10 0.05 4.76 0.40 0.20 Sel. Mideast 8/ Nov 11.77 22.68 17.09 3.92 39.04 0.72 11.78 Dec 11.77 22.68 17.29 3.82 39.04 0.72 11.98 Southeast Asia 9/ Nov 4.92 0.00 27.10 8.04 25.82 1.07 5.14 Dec 4.92 0.00 27.10 8.04 25.82 1.07 5.14 Selected Other India Nov 16.99 102.19 0.02 6.00 98.00 0.50 20.70 Dec 16.99 102.19 0.02 6.00 98.00 0.50 20.70 Kazakhstan Nov 1.68 11.50 0.06 1.80 6.60 5.20 1.44 Dec 1.68 11.50 0.06 1.80 6.60 5.20 1.44 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2019 WASDE - 595 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 385.63 1,361.36 187.78 834.83 1,376.08 185.23 370.91 World Less China 162.13 1,095.64 171.35 637.28 1,093.48 185.17 147.93 United States 62.17 384.39 2.93 138.73 324.40 67.16 57.92 Total Foreign 323.46 976.97 184.85 696.10 1,051.67 118.07 312.99 Major Exporters 4/ 38.41 252.15 3.66 125.39 169.42 97.68 27.12 Argentina 6.70 39.32 0.01 11.98 17.61 24.91 3.50 Australia 2.65 12.19 0.00 3.94 5.81 6.74 2.29 Brazil 14.49 85.06 1.46 56.70 67.18 24.16 9.67 Canada 5.56 26.24 1.74 15.90 23.20 5.78 4.57 Russia 2.06 41.72 0.13 21.57 31.02 11.52 1.37 Ukraine 3.01 34.07 0.05 8.44 11.82 22.50 2.81 Major Importers 5/ 38.21 245.11 133.71 283.62 367.84 10.01 39.18 European Union 6/ 15.11 152.12 19.40 120.85 162.37 7.92 16.35 Japan 1.69 0.19 17.58 13.67 17.66 0.00 1.80 Mexico 6.00 33.19 16.36 29.20 48.41 0.96 6.18 N. Afr & Mideast 7/ 7.13 29.07 39.13 59.33 67.45 0.13 7.76 Saudi Arabia 2.54 0.26 11.99 12.28 12.70 0.00 2.08 Southeast Asia 8/ 3.29 30.00 14.54 36.27 44.49 1.01 2.34 South Korea 1.77 0.20 10.19 7.80 10.31 0.00 1.86 Selected Other China 223.49 265.72 16.43 197.55 282.60 0.06 222.98 2018/19 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 370.91 1,398.27 192.64 852.95 1,422.81 211.25 346.37 World Less China 147.93 1,132.87 182.10 657.70 1,135.64 211.18 134.69 United States 57.92 379.93 2.64 147.75 327.77 54.94 57.77 Total Foreign 312.99 1,018.34 190.00 705.20 1,095.04 156.30 288.60 Major Exporters 4/ 27.12 292.58 5.65 125.18 170.12 133.52 21.72 Argentina 3.50 59.22 0.01 12.48 18.34 39.40 4.99 Australia 2.29 10.93 0.00 4.59 6.66 4.19 2.38 Brazil 9.67 104.33 2.16 58.65 69.68 41.04 5.44 Canada 4.57 26.19 2.69 16.19 24.14 5.97 3.34 Russia 1.37 35.00 0.05 18.80 27.37 7.84 1.22 Ukraine 2.81 44.50 0.06 7.93 11.16 34.07 2.15 Major Importers 5/ 39.18 243.03 142.84 294.89 379.58 10.32 35.14 European Union 6/ 16.35 147.91 26.41 126.60 168.57 8.82 13.28 Japan 1.80 0.18 17.73 13.77 17.88 0.00 1.83 Mexico 6.18 33.40 17.41 31.27 50.51 0.72 5.76 N. Afr & Mideast 7/ 7.76 31.08 38.92 62.04 70.17 0.10 7.49 Saudi Arabia 2.08 0.29 10.17 10.65 11.10 0.00 1.45 Southeast Asia 8/ 2.34 29.88 16.64 37.49 45.52 0.68 2.65 South Korea 1.86 0.20 10.96 8.54 11.08 0.00 1.94 Selected Other China 222.98 265.41 10.54 195.25 287.17 0.07 211.69 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia and Ukraine. 5/ The European Union, Japan, Mexico, selected North Africa and Mid dle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2019 WASDE - 595 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Nov 347.30 1,394.89 201.43 857.26 1,415.37 201.56 326.83 Dec 346.37 1,401.70 201.73 859.16 1,416.59 201.08 331.48 World Less China Nov 135.62 1,132.41 187.03 662.56 1,122.52 201.50 131.18 Dec 134.69 1,132.45 187.33 663.46 1,122.74 201.02 130.06 United States Nov 57.77 360.82 3.39 139.88 319.70 49.89 52.39 Dec 57.77 360.82 3.39 139.88 319.70 49.91 52.37 Total Foreign Nov 289.54 1,034.06 198.05 717.38 1,095.67 151.67 274.43 Dec 288.60 1,040.87 198.34 719.29 1,096.89 151.17 279.10 Major Exporters 4/ Nov 22.18 302.48 3.05 126.55 171.64 131.40 24.67 Dec 21.72 301.63 3.05 126.73 171.82 130.73 23.85 Argentina Nov 4.99 57.63 0.01 13.02 19.46 36.71 6.46 Dec 4.99 57.62 0.01 13.01 19.45 36.71 6.46 Australia Nov 2.36 11.00 0.00 4.15 6.22 4.87 2.28 Dec 2.38 10.16 0.00 4.12 6.09 4.35 2.11 Brazil Nov 5.49 104.35 1.70 58.87 70.00 36.01 5.52 Dec 5.44 104.35 1.70 58.87 70.00 36.01 5.48 Canada Nov 3.94 28.56 1.03 15.80 23.06 5.96 4.51 Dec 3.34 28.56 1.03 16.07 23.43 5.76 3.74 Russia Nov 1.10 40.38 0.09 20.23 28.78 11.42 1.38 Dec 1.22 40.38 0.09 20.18 28.73 11.47 1.49 Ukraine Nov 2.16 46.04 0.03 7.81 11.16 34.94 2.13 Dec 2.15 46.04 0.03 7.81 11.16 34.94 2.12 Major Importers 5/ Nov 34.73 253.80 146.05 303.20 388.80 9.66 36.13 Dec 35.14 254.27 146.38 303.65 389.25 9.91 36.64 European Union 6/ Nov 13.20 158.55 22.01 126.60 169.17 7.93 16.66 Dec 13.28 159.00 22.01 126.60 169.17 8.33 16.79 Japan Nov 1.82 0.18 17.77 13.96 18.07 0.00 1.71 Dec 1.83 0.20 17.77 13.96 18.07 0.00 1.72 Mexico Nov 5.58 30.60 18.16 31.61 50.69 0.80 2.85 Dec 5.76 30.60 18.24 31.81 50.89 0.70 3.01 N. Afr & Mideast 7/ Nov 7.53 32.96 42.24 65.94 74.37 0.19 8.17 Dec 7.49 32.96 42.29 65.99 74.42 0.14 8.18 Saudi Arabia Nov 1.45 0.27 12.51 12.25 12.71 0.00 1.53 Dec 1.45 0.27 12.51 12.25 12.71 0.00 1.52 Southeast Asia 8/ Nov 2.66 30.96 18.26 39.96 48.11 0.74 3.04 Dec 2.65 30.96 18.26 39.96 48.11 0.74 3.03 South Korea Nov 1.94 0.20 10.91 8.55 11.14 0.00 1.92 Dec 1.94 0.20 10.91 8.55 11.14 0.00 1.92 Selected Other China Nov 211.69 262.48 14.40 194.70 292.85 0.06 195.65 Dec 211.69 269.25 14.40 195.70 293.85 0.06 201.42 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia and Ukraine. 5/ T he European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malays ia, Philippines, Thailand, and Vietnam. December 2019 WASDE - 595 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 351.78 1,079.91 149.93 672.31 1,090.40 148.19 341.29 World Less China 128.76 820.84 146.47 485.31 827.40 148.17 118.76 United States 58.25 371.10 0.92 134.73 313.98 61.92 54.37 Total Foreign 293.53 708.82 149.02 537.58 776.42 86.28 286.92 Major Exporters 4/ 25.32 164.42 1.18 81.63 102.63 72.26 16.02 Argentina 5.27 32.00 0.01 8.50 12.40 22.47 2.41 Brazil 14.02 82.00 0.92 54.00 63.50 24.15 9.28 Russia 0.78 13.20 0.05 7.40 8.30 5.53 0.20 South Africa 3.70 13.10 0.17 6.83 12.23 2.07 2.67 Ukraine 1.55 24.12 0.04 4.90 6.20 18.04 1.47 Major Importers 5/ 21.93 126.08 88.35 154.80 208.95 3.71 23.71 Egypt 1.89 6.40 9.46 13.40 15.90 0.01 1.85 European Union 6/ 7.60 62.02 18.47 57.00 76.50 1.75 9.84 Japan 1.32 0.00 15.67 12.00 15.60 0.00 1.39 Mexico 5.41 27.57 16.13 24.30 42.50 0.96 5.65 Southeast Asia 7/ 3.28 29.95 14.20 36.20 44.10 1.00 2.33 South Korea 1.76 0.07 10.02 7.70 10.00 0.00 1.85 Selected Other 0.00 Canada 2.57 14.10 1.67 8.84 13.99 1.94 2.42 China 223.02 259.07 3.46 187.00 263.00 0.02 222.53 2018/19 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 341.29 1,124.49 162.83 704.89 1,146.60 180.40 319.17 World Less China 118.76 867.16 158.34 514.89 873.60 180.38 107.85 United States 54.37 366.29 0.71 142.70 315.20 52.46 53.71 Total Foreign 286.92 758.20 162.12 562.19 831.40 127.94 265.46 Major Exporters 4/ 16.02 211.02 2.18 84.30 106.30 111.09 11.83 Argentina 2.41 51.00 0.01 9.70 13.80 36.00 3.61 Brazil 9.28 101.00 1.50 55.70 65.70 41.00 5.08 Russia 0.20 11.42 0.04 7.60 8.50 2.77 0.38 South Africa 2.67 11.80 0.60 6.50 12.20 1.00 1.87 Ukraine 1.47 35.81 0.04 4.80 6.10 30.32 0.89 Major Importers 5/ 23.71 128.60 98.94 170.30 224.90 5.03 21.32 Egypt 1.85 6.80 9.40 13.70 16.20 0.00 1.84 European Union 6/ 9.84 64.22 25.21 68.00 88.00 3.63 7.63 Japan 1.39 0.00 16.05 12.30 16.00 0.00 1.44 Mexico 5.65 27.60 16.66 25.90 44.10 0.72 5.09 Southeast Asia 7/ 2.33 29.83 16.26 37.40 45.10 0.68 2.64 South Korea 1.85 0.08 10.86 8.50 10.85 0.00 1.93 Selected Other 0.00 Canada 2.42 13.89 2.63 9.37 15.16 1.80 1.98 China 222.53 257.33 4.48 190.00 273.00 0.02 211.32 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting dis crepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra- trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2019 WASDE - 595 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Nov 320.06 1,102.16 167.44 694.89 1,126.27 167.05 295.96 Dec 319.17 1,108.62 167.56 696.32 1,127.23 166.64 300.56 World Less China Nov 108.74 848.16 160.44 506.89 849.27 167.03 100.66 Dec 107.85 847.85 160.56 507.32 849.23 166.62 99.49 United States Nov 53.71 347.01 1.27 133.99 306.47 46.99 48.53 Dec 53.71 347.01 1.27 133.99 306.47 46.99 48.53 Total Foreign Nov 266.35 755.16 166.17 560.90 819.80 120.06 247.43 Dec 265.46 761.61 166.29 562.33 820.76 119.65 252.03 Major Exporters 4/ Nov 11.69 214.50 1.17 84.70 107.30 106.70 13.35 Dec 11.83 214.50 1.17 84.70 107.30 106.70 13.50 Argentina Nov 3.61 50.00 0.01 10.30 15.00 33.50 5.12 Dec 3.61 50.00 0.01 10.30 15.00 33.50 5.12 Brazil Nov 5.08 101.00 1.00 56.00 66.00 36.00 5.08 Dec 5.08 101.00 1.00 56.00 66.00 36.00 5.08 Russia Nov 0.26 14.00 0.04 7.50 8.40 5.70 0.20 Dec 0.38 14.00 0.04 7.50 8.40 5.70 0.32 South Africa Nov 1.82 14.00 0.10 6.60 12.30 1.50 2.12 Dec 1.87 14.00 0.10 6.60 12.30 1.50 2.17 Ukraine Nov 0.91 35.50 0.02 4.30 5.60 30.00 0.83 Dec 0.89 35.50 0.02 4.30 5.60 30.00 0.81 Major Importers 5/ Nov 20.90 127.03 97.20 167.60 222.65 3.54 18.93 Dec 21.32 127.03 97.40 168.00 223.05 3.44 19.26 Egypt Nov 1.84 6.40 9.90 14.20 16.70 0.01 1.43 Dec 1.84 6.40 9.90 14.20 16.70 0.01 1.43 European Union 6/ Nov 7.55 64.56 21.00 62.00 82.50 2.00 8.61 Dec 7.63 64.56 21.00 62.00 82.50 2.00 8.69 Japan Nov 1.44 0.00 16.00 12.40 16.10 0.00 1.34 Dec 1.44 0.00 16.00 12.40 16.10 0.00 1.34 Mexico Nov 4.95 25.00 17.50 26.30 44.30 0.80 2.35 Dec 5.09 25.00 17.50 26.50 44.50 0.70 2.39 Southeast Asia 7/ Nov 2.65 30.91 17.90 39.90 47.70 0.73 3.02 Dec 2.64 30.91 17.90 39.90 47.70 0.73 3.02 South Korea Nov 1.93 0.08 10.80 8.50 10.90 0.00 1.91 Dec 1.93 0.08 10.80 8.50 10.90 0.00 1.91 Selected Other Canada Nov 2.58 14.00 1.00 8.50 13.70 1.50 2.38 Dec 1.98 13.40 1.00 8.30 13.50 1.30 1.58 China Nov 211.32 254.00 7.00 188.00 277.00 0.02 195.30 Dec 211.32 260.77 7.00 189.00 278.00 0.02 201.07 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2019 WASDE - 595 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 149.92 494.80 46.70 482.04 47.13 162.67 World Less China 51.42 345.92 41.20 339.55 45.75 53.67 United States 1.46 5.66 0.87 4.30 2.76 0.93 Total Foreign 148.45 489.14 45.83 477.74 44.37 161.74 Major Exporters 4/ 27.64 181.69 0.76 144.77 36.45 28.88 Burma 0.55 13.20 0.01 10.20 2.75 0.81 India 20.55 112.76 0.00 98.67 12.04 22.60 Pakistan 1.34 7.50 0.00 3.40 4.01 1.42 Thailand 4.24 20.58 0.25 11.00 11.06 3.01 Vietnam 0.97 27.66 0.50 21.50 6.59 1.03 Major Importers 5/ 108.70 241.11 21.35 248.08 1.82 121.25 China 98.50 148.87 5.50 142.49 1.39 109.00 European Union 6/ 1.19 2.03 2.01 3.70 0.35 1.18 Indonesia 2.92 37.00 2.35 38.10 0.00 4.16 Nigeria 1.86 4.73 2.00 6.90 0.00 1.69 Philippines 2.00 12.24 1.30 13.25 0.00 2.29 Sel. Mideast 7/ 0.86 2.22 3.62 5.80 0.00 0.91 Selected Other 0.00 Brazil 0.63 8.20 0.56 7.75 1.15 0.49 C. Amer & Carib 8/ 0.68 1.64 1.66 3.27 0.04 0.68 Egypt 1.43 4.30 0.09 4.20 0.05 1.56 Japan 2.41 7.79 0.69 8.60 0.06 2.22 Mexico 0.17 0.18 0.81 0.92 0.10 0.15 South Korea 2.00 3.97 0.40 4.75 0.06 1.56 2018/19 Est. Beginning Sto c ks Production Imports Total /2 Dom estic Exports Ending Sto c ks World 3/ 162.67 499.19 43.73 488.64 44.16 173.23 World Less China 53.67 350.70 40.93 345.67 41.39 58.68 United States 0.93 7.12 0.92 4.58 2.97 1.42 Total Foreign 161.74 492.07 42.81 484.06 41.19 171.81 Major Exporters 4/ 28.88 185.10 0.66 147.20 32.35 35.09 Burma 0.81 13.18 0.01 10.40 2.50 1.10 India 22.60 116.42 0.00 100.20 10.80 28.02 Pakistan 1.42 7.40 0.00 3.45 4.10 1.27 Thailand 3.01 20.34 0.25 11.80 8.10 3.70 Vietnam 1.03 27.77 0.40 21.35 6.85 1.00 Major Importers 5/ 121.25 241.98 16.32 249.78 3.20 126.58 China 109.00 148.49 2.80 142.97 2.77 114.55 European Union 6/ 1.18 1.96 2.10 3.79 0.32 1.13 Indonesia 4.16 36.70 0.30 37.90 0.00 3.26 Nigeria 1.69 4.79 1.90 7.00 0.00 1.38 Philippines 2.29 11.73 3.57 14.10 0.00 3.49 Sel. Mideast 7/ 0.91 2.01 3.75 5.87 0.00 0.80 Selected Other 0.00 Brazil 0.49 7.14 0.92 7.57 0.75 0.23 C. Amer & Carib 8/ 0.68 1.68 1.84 3.49 0.03 0.67 Egypt 1.56 2.80 0.90 4.15 0.02 1.09 Japan 2.22 7.66 0.69 8.50 0.06 2.01 Mexico 0.15 0.19 0.76 0.92 0.03 0.15 South Korea 1.56 3.87 0.41 4.71 0.10 1.02 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia , Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. December 2019 WASDE - 595 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Nov 173.29 497.76 43.35 494.01 45.78 177.04 Dec 173.23 498.40 43.52 493.83 45.67 177.80 World Less China Nov 58.74 351.76 40.85 351.01 42.48 60.29 Dec 58.68 351.67 41.12 350.83 42.37 60.42 United States Nov 1.42 5.97 0.94 4.16 3.02 1.16 Dec 1.42 5.97 0.94 4.16 3.10 1.08 Total Foreign Nov 171.87 491.79 42.41 489.85 42.76 175.89 Dec 171.81 492.43 42.58 489.67 42.58 176.73 Major Exporters 4/ Nov 35.25 184.60 0.66 149.10 33.75 37.66 Dec 35.09 184.60 0.66 149.10 33.50 37.75 Burma Nov 1.10 13.30 0.01 10.55 2.50 1.36 Dec 1.10 13.30 0.01 10.55 2.60 1.26 India Nov 28.02 115.00 0.00 102.00 12.00 29.02 Dec 28.02 115.00 0.00 102.00 11.50 29.52 Pakistan Nov 1.27 7.50 0.00 3.55 4.00 1.22 Dec 1.27 7.50 0.00 3.55 4.00 1.22 Thailand Nov 3.70 20.50 0.25 11.40 8.50 4.55 Dec 3.70 20.50 0.25 11.50 8.40 4.55 Vietnam Nov 1.16 28.30 0.40 21.60 6.75 1.51 Dec 1.00 28.30 0.40 21.50 7.00 1.20 Major Importers 5/ Nov 126.58 240.60 15.43 250.58 3.71 128.32 Dec 126.58 241.33 15.48 250.73 3.71 128.95 China Nov 114.55 146.00 2.50 143.00 3.30 116.75 Dec 114.55 146.73 2.40 143.00 3.30 117.38 European Union 6/ Nov 1.13 2.01 2.05 3.80 0.30 1.09 Dec 1.13 2.00 2.05 3.80 0.30 1.09 Indonesia Nov 3.26 36.50 1.40 38.10 0.00 3.06 Dec 3.26 36.50 1.40 38.10 0.00 3.06 Nigeria Nov 1.38 4.90 1.80 7.00 0.00 1.08 Dec 1.38 4.90 1.80 7.00 0.00 1.08 Philippines Nov 3.49 12.00 2.50 14.20 0.00 3.79 Dec 3.49 12.00 2.70 14.40 0.00 3.79 Sel. Mideast 7/ Nov 0.80 2.29 3.68 6.08 0.00 0.69 Dec 0.80 2.29 3.68 6.08 0.00 0.69 Selected Other Brazil Nov 0.23 7.14 1.10 7.60 0.50 0.37 Dec 0.23 7.14 1.10 7.60 0.50 0.37 C. Amer & Carib 8/ Nov 0.67 1.55 2.00 3.54 0.03 0.65 Dec 0.67 1.55 2.00 3.54 0.03 0.65 Egypt Nov 1.09 4.30 0.30 4.35 0.10 1.24 Dec 1.09 4.30 0.30 4.35 0.10 1.24 Japan Nov 2.01 7.80 0.69 8.40 0.07 2.03 Dec 2.01 7.80 0.69 8.40 0.07 2.03 Mexico Nov 0.15 0.20 0.79 0.93 0.02 0.19 Dec 0.15 0.20 0.79 0.93 0.02 0.19 South Korea Nov 1.02 3.88 0.41 4.48 0.06 0.78 Dec 1.02 3.74 0.41 4.40 0.06 0.72 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. December 2019 WASDE - 595 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2017/18 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 80.29 123.78 41.16 122.76 41.51 0.12 80.84 World Less China 34.37 96.28 35.45 81.76 41.38 0.12 42.85 United States 2.75 20.92 3/ 3.23 16.28 -0.03 4.20 Total Foreign 77.54 102.86 41.16 119.54 25.24 0.15 76.64 Major Exporters 4/ 21.90 57.10 2.47 32.75 21.86 0.02 26.84 Central Asia 5/ 2.18 6.50 3/ 3.38 2.63 0.00 2.67 Afr. Fr. Zone 6/ 1.46 5.44 3/ 0.14 5.06 0.00 1.70 S. Hemis. 7/ 10.18 15.70 0.24 4.44 8.65 0.01 13.01 Australia 2.19 4.80 3/ 0.04 3.92 0.00 3.04 Brazil 6.93 9.22 0.08 3.40 4.17 0.00 8.66 India 7.88 29.00 1.68 24.15 5.18 0.00 9.23 Major Importers 8/ 54.18 42.93 36.05 82.74 2.35 0.12 47.95 Mexico 0.45 1.56 0.93 1.90 0.35 0.03 0.66 China 45.92 27.50 5.71 41.00 0.14 0.00 37.99 European Union 9/ 0.19 1.53 0.73 0.75 1.37 0.04 0.30 Turkey 1.53 4.00 4.02 7.45 0.33 0.00 1.78 Pakistan 2.32 8.20 3.40 10.90 0.16 0.03 2.83 Indonesia 0.62 3/ 3.52 3.50 0.01 0.00 0.63 Thailand 0.20 3/ 1.15 1.13 0.00 0.03 0.20 Bangladesh 1.63 0.14 7.60 7.50 0.00 0.01 1.86 Vietnam 0.88 3/ 7.00 6.60 0.00 0.00 1.29 2018/19 Est. Beginning Sto c ks Production Imports Dom estic Use Exports Loss /2 Ending Sto c ks World 80.84 118.10 42.50 120.29 41.34 0.12 79.69 World Less China 42.85 90.35 32.86 80.79 41.13 0.12 44.02 United States 4.20 18.37 3/ 2.98 14.76 -0.02 4.85 Total Foreign 76.64 99.73 42.50 117.31 26.58 0.14 74.84 Major Exporters 4/ 26.84 54.13 2.50 32.99 22.37 0.02 28.08 Central Asia 5/ 2.67 5.44 3/ 3.80 2.01 0.00 2.31 Afr. Fr. Zone 6/ 1.70 5.36 3/ 0.14 5.55 0.00 1.37 S. Hemis. 7/ 13.01 16.89 0.18 4.39 10.86 0.01 14.81 Australia 3.04 2.20 3/ 0.04 3.63 0.00 1.57 Brazil 8.66 12.52 0.02 3.40 6.02 0.00 11.78 India 9.23 25.80 1.80 24.00 3.51 0.00 9.31 Major Importers 8/ 47.95 42.65 37.46 80.16 2.99 0.11 44.80 Mexico 0.66 1.74 0.85 1.95 0.50 0.03 0.77 China 37.99 27.75 9.64 39.50 0.21 0.00 35.67 European Union 9/ 0.30 1.72 0.64 0.69 1.72 0.03 0.23 Turkey 1.78 3.70 3.50 6.90 0.48 0.00 1.59 Pakistan 2.83 7.60 2.85 10.70 0.06 0.03 2.50 Indonesia 0.63 3/ 3.05 3.15 0.01 0.00 0.53 Thailand 0.20 3/ 1.08 1.08 0.00 0.03 0.18 Bangladesh 1.86 0.14 7.20 7.40 0.00 0.01 1.78 Vietnam 1.29 3/ 6.90 7.00 0.00 0.00 1.19 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on suppl y less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regi ons listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. December 2019 WASDE - 595 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2019/20 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Nov 80.55 121.94 44.03 121.49 44.03 0.20 80.80 Dec 79.69 121.11 44.38 120.27 44.40 0.19 80.32 World Less China Nov 44.88 94.69 34.53 81.99 43.85 0.20 48.06 Dec 44.02 93.86 35.38 81.77 44.22 0.19 47.08 United States Nov 4.85 20.82 0.01 3.00 16.50 0.07 6.10 Dec 4.85 20.21 0.01 3.00 16.50 0.06 5.50 filler filler filler filler filler filler filler Total Foreign Nov 75.70 101.12 44.03 118.49 27.53 0.13 74.70 Dec 74.84 100.90 44.38 117.27 27.90 0.13 74.82 Major Exporters 4/ Nov 28.95 56.44 2.48 33.75 23.13 0.02 30.97 Dec 28.08 57.12 2.88 33.85 23.40 0.02 30.82 Central Asia 5/ Nov 2.47 5.25 3/ 4.04 1.53 0.00 2.15 Dec 2.31 5.86 3/ 4.14 1.89 0.00 2.14 Afr. Fr. Zone 6/ Nov 1.37 5.89 3/ 0.14 5.66 0.00 1.46 Dec 1.37 5.91 3/ 0.14 5.68 0.00 1.46 S. Hemis. 7/ Nov 14.82 14.82 0.18 4.38 11.54 0.01 13.89 Dec 14.81 15.37 0.18 4.38 11.54 0.01 14.44 Australia Nov 1.57 1.20 3/ 0.04 1.70 0.00 1.04 Dec 1.57 0.85 3/ 0.04 1.50 0.00 0.89 filler filler filler filler filler filler filler Brazil Nov 11.78 11.60 0.03 3.40 8.60 0.00 11.41 Dec 11.78 12.50 0.03 3.40 8.80 0.00 12.10 India Nov 10.01 30.00 1.80 24.50 4.10 0.00 13.21 Dec 9.31 29.50 2.20 24.50 4.00 0.00 12.51 Major Importers 8/ Nov 44.80 41.63 38.97 80.54 2.84 0.11 41.90 Dec 44.80 40.73 38.92 79.22 2.94 0.11 42.17 Mexico Nov 0.77 1.58 0.85 2.00 0.45 0.03 0.72 Dec 0.77 1.58 0.85 2.00 0.45 0.03 0.72 China Nov 35.67 27.25 9.50 39.50 0.18 0.00 32.75 Dec 35.67 27.25 9.00 38.50 0.18 0.00 33.25 European Union 9/ Nov 0.23 1.86 0.65 0.69 1.76 0.03 0.26 Dec 0.23 1.96 0.65 0.69 1.86 0.03 0.26 Turkey Nov 1.59 3.80 3.80 7.10 0.35 0.00 1.74 Dec 1.59 3.60 4.00 7.10 0.35 0.00 1.74 Pakistan Nov 2.50 7.00 3.60 10.70 0.10 0.03 2.27 Dec 2.50 6.20 4.20 10.60 0.10 0.03 2.17 Indonesia Nov 0.53 3/ 3.10 3.10 0.01 0.00 0.53 Dec 0.53 3/ 3.10 3.10 0.01 0.00 0.53 Thailand Nov 0.18 3/ 1.05 1.03 0.00 0.03 0.18 Dec 0.18 3/ 1.00 1.00 0.00 0.03 0.15 Bangladesh Nov 1.78 0.14 7.30 7.40 0.00 0.01 1.81 Dec 1.78 0.14 7.30 7.40 0.00 0.01 1.81 Vietnam Nov 1.19 3/ 7.50 7.40 0.00 0.00 1.29 Dec 1.19 3/ 7.20 7.20 0.00 0.00 1.19 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on suppl y less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso , Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. December 2019 WASDE - 595 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 95.03 341.99 153.27 294.90 338.33 153.07 98.89 World Less China 74.91 326.71 59.17 204.90 232.03 152.93 75.83 United States 8.21 120.07 0.59 55.93 58.87 58.07 11.92 Total Foreign 86.82 221.93 152.67 238.97 279.46 94.99 86.97 Major Exporters 3/ 60.41 171.61 4.89 85.08 94.17 85.55 57.19 Argentina 27.00 37.80 4.70 36.93 43.63 2.13 23.73 Brazil 33.21 122.00 0.18 44.21 46.51 76.14 32.74 Paraguay 0.20 10.48 0.01 3.87 3.95 6.03 0.71 Major Importers 4/ 22.79 19.19 124.49 116.06 140.35 0.43 25.69 China 20.12 15.28 94.10 90.00 106.30 0.13 23.06 European Union 1.15 2.54 14.58 14.95 16.60 0.28 1.40 Southeast Asia 1.15 0.69 7.68 3.46 8.64 0.02 0.86 Mexico 0.15 0.43 4.87 5.25 5.29 0.00 0.17 2018/19 Est. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ 98.89 358.21 145.27 297.69 343.36 149.22 109.80 World Less China 75.83 342.31 62.73 212.69 241.36 149.11 90.41 United States 11.92 120.52 0.38 56.94 60.41 47.56 24.85 Total Foreign 86.97 237.69 144.89 240.75 282.95 101.66 84.95 Major Exporters 3/ 57.19 183.98 6.56 87.07 96.68 92.30 58.75 Argentina 23.73 55.30 6.41 40.57 47.45 9.10 28.89 Brazil 32.74 117.00 0.14 42.53 45.17 74.95 29.76 Paraguay 0.71 8.85 0.01 3.90 3.98 5.50 0.09 Major Importers 4/ 25.69 19.77 114.76 112.90 138.07 0.33 21.82 China 23.06 15.90 82.54 85.00 102.00 0.12 19.39 European Union 1.40 2.66 15.00 16.15 17.81 0.18 1.08 Southeast Asia 0.86 0.66 8.69 3.85 9.19 0.04 0.97 Mexico 0.17 0.34 5.23 5.50 5.54 0.00 0.19 2019/20 Proj. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ Nov 109.66 336.56 148.54 302.71 349.60 149.75 95.42 Dec 109.80 337.48 147.94 302.83 349.67 149.15 96.40 World Less China Nov 90.28 319.46 63.54 218.21 247.40 149.62 76.26 Dec 90.41 319.38 62.94 218.33 247.47 149.02 76.23 United States Nov 24.85 96.62 0.54 57.29 60.78 48.31 12.92 Dec 24.85 96.62 0.54 57.29 60.78 48.31 12.92 Total Foreign Nov 84.82 239.95 147.99 245.42 288.82 101.44 82.50 Dec 84.95 240.86 147.39 245.54 288.89 100.84 83.47 Major Exporters 3/ Nov 58.43 188.40 4.11 91.73 101.70 93.13 56.11 Dec 58.75 188.40 4.11 92.33 102.30 92.53 56.43 Argentina Nov 28.89 53.00 3.90 44.00 51.10 8.80 25.89 Dec 28.89 53.00 3.90 44.60 51.70 8.20 25.89 Brazil Nov 29.38 123.00 0.20 43.75 46.54 76.00 30.04 Dec 29.76 123.00 0.20 43.75 46.54 76.00 30.42 Paraguay Nov 0.15 10.20 0.01 3.90 3.98 6.20 0.18 Dec 0.09 10.20 0.01 3.90 3.98 6.20 0.11 Major Importers 4/ Nov 21.88 20.81 119.24 113.31 139.46 0.42 22.05 Dec 21.82 21.83 118.64 112.84 138.93 0.42 22.93 China Nov 19.39 17.10 85.00 84.50 102.20 0.13 19.16 Dec 19.39 18.10 85.00 84.50 102.20 0.13 20.16 European Union Nov 1.08 2.60 15.20 15.90 17.56 0.25 1.07 Dec 1.08 2.60 15.20 15.90 17.56 0.25 1.07 Southeast Asia Nov 1.03 0.64 9.89 4.53 10.14 0.04 1.37 Dec 0.97 0.64 9.29 4.06 9.61 0.04 1.25 Mexico Nov 0.20 0.22 5.80 5.95 5.99 0.00 0.23 Dec 0.19 0.24 5.80 5.95 6.00 0.00 0.23 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includ es Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to rounding. December 2019 WASDE - 595 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.88 232.67 60.24 229.03 64.83 12.93 World Less China 13.88 161.39 60.22 158.93 63.63 12.93 United States 0.36 44.66 0.44 32.24 12.72 0.50 Total Foreign 13.51 188.01 59.80 196.79 52.11 12.42 Major Exporters 3/ 7.30 68.86 0.03 25.25 44.16 6.79 Argentina 3.34 28.40 0.00 3.00 26.27 2.48 Brazil 3.32 34.30 0.02 17.51 16.03 4.10 India 0.65 6.16 0.01 4.74 1.86 0.22 Major Importers 4/ 1.84 20.48 38.82 58.96 0.66 1.51 European Union 0.49 11.81 18.35 30.04 0.40 0.21 Mexico 0.04 4.15 1.93 6.05 0.02 0.05 Southeast Asia 5/ 1.22 2.70 16.80 19.42 0.25 1.06 2018/19 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 12.93 233.65 63.27 230.73 67.50 11.61 World Less China 12.93 166.33 63.25 164.33 66.57 11.61 United States 0.50 44.28 0.62 32.74 12.30 0.37 Total Foreign 12.42 189.37 62.65 197.99 55.21 11.24 Major Exporters 3/ 6.79 71.84 0.07 26.32 47.01 5.37 Argentina 2.48 31.20 0.00 3.10 28.83 1.74 Brazil 4.10 32.96 0.02 17.94 15.98 3.16 India 0.22 7.68 0.05 5.28 2.20 0.47 Major Importers 4/ 1.51 21.92 39.64 60.76 0.61 1.71 European Union 0.21 12.76 18.70 30.89 0.37 0.41 Mexico 0.05 4.35 1.90 6.23 0.02 0.06 Southeast Asia 5/ 1.06 3.00 17.41 20.17 0.22 1.10 2019/20 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Nov 11.53 237.83 63.78 235.20 67.20 10.75 Dec 11.61 238.00 64.61 235.47 67.81 10.95 World Less China Nov 11.53 170.90 63.73 169.12 66.30 10.75 Dec 11.61 171.08 64.56 169.39 66.91 10.95 United States Nov 0.37 44.90 0.45 33.25 12.11 0.36 Dec 0.37 44.90 0.45 33.38 11.98 0.36 Total Foreign Nov 11.17 192.92 63.33 201.95 55.08 10.38 Dec 11.24 193.10 64.16 202.08 55.83 10.58 Major Exporters 3/ Nov 5.44 74.10 0.08 27.60 46.95 5.07 Dec 5.37 74.65 0.08 27.21 47.70 5.19 Argentina Nov 1.77 33.75 0.00 3.30 30.30 1.92 Dec 1.74 34.30 0.00 3.28 30.85 1.91 Brazil Nov 3.21 33.95 0.03 18.95 15.20 3.04 Dec 3.16 33.95 0.03 18.58 15.40 3.16 India Nov 0.47 6.40 0.05 5.35 1.45 0.12 Dec 0.47 6.40 0.05 5.35 1.45 0.12 Major Importers 4/ Nov 1.56 22.63 39.68 61.55 0.60 1.72 Dec 1.71 22.26 40.55 62.12 0.60 1.80 European Union Nov 0.36 12.56 19.00 31.19 0.35 0.38 Dec 0.41 12.56 19.00 31.19 0.35 0.42 Mexico Nov 0.06 4.70 1.98 6.65 0.02 0.08 Dec 0.06 4.70 1.98 6.65 0.02 0.08 Southeast Asia 5/ Nov 1.00 3.54 17.02 20.21 0.23 1.12 Dec 1.10 3.17 17.89 20.78 0.23 1.15 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. December 2019 WASDE - 595 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 3.76 55.15 9.82 54.67 10.54 3.52 World Less China 3.09 39.02 9.34 38.17 10.32 2.96 United States 0.78 10.78 0.15 9.70 1.11 0.91 Total Foreign 2.98 44.36 9.67 44.97 9.43 2.62 Major Exporters 3/ 0.74 19.31 0.33 12.28 7.28 0.83 Argentina 0.28 7.24 0.00 3.08 4.16 0.27 Brazil 0.29 8.50 0.05 6.94 1.51 0.39 European Union 0.16 2.84 0.28 2.23 0.90 0.16 Major Importers 4/ 1.37 18.44 5.86 24.43 0.27 0.96 China 0.67 16.13 0.48 16.50 0.21 0.57 India 0.48 1.39 2.98 4.72 0.01 0.12 North Africa 5/ 0.13 0.70 1.53 2.13 0.06 0.18 2018/19 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 3.52 55.73 10.67 55.26 11.06 3.60 World Less China 2.96 40.50 9.89 39.38 10.86 3.10 United States 0.91 10.98 0.18 10.37 0.88 0.81 Total Foreign 2.62 44.76 10.49 44.89 10.18 2.80 Major Exporters 3/ 0.83 19.88 0.47 12.37 7.84 0.97 Argentina 0.27 7.91 0.00 2.68 5.26 0.24 Brazil 0.39 8.16 0.05 7.19 1.08 0.33 European Union 0.16 3.07 0.42 2.46 0.79 0.40 Major Importers 4/ 0.96 18.00 6.39 24.14 0.26 0.94 China 0.57 15.23 0.78 15.89 0.20 0.50 India 0.12 1.73 3.10 4.81 0.01 0.13 North Africa 5/ 0.18 0.75 1.46 2.20 0.06 0.13 2019/20 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Nov 3.68 56.75 11.63 56.83 11.83 3.41 Dec 3.60 56.73 11.61 56.84 11.81 3.28 World Less China Nov 3.18 41.61 10.43 40.55 11.68 3.00 Dec 3.10 41.59 10.41 40.56 11.66 2.88 United States Nov 0.81 11.08 0.20 10.66 0.77 0.66 Dec 0.81 11.08 0.20 10.66 0.77 0.66 Total Foreign Nov 2.88 45.68 11.43 46.17 11.06 2.75 Dec 2.80 45.65 11.40 46.18 11.04 2.63 Major Exporters 3/ Nov 1.07 20.80 0.41 12.43 8.76 1.08 Dec 0.97 20.86 0.41 12.53 8.76 0.95 Argentina Nov 0.24 8.65 0.00 2.69 5.95 0.25 Dec 0.24 8.70 0.00 2.69 6.00 0.25 Brazil Nov 0.40 8.39 0.05 7.30 1.15 0.38 Dec 0.33 8.40 0.05 7.35 1.10 0.33 European Union Nov 0.42 3.02 0.35 2.41 0.95 0.44 Dec 0.40 3.02 0.35 2.46 0.95 0.37 Major Importers 4/ Nov 0.94 17.68 7.30 24.89 0.22 0.82 Dec 0.94 17.68 7.30 24.89 0.22 0.82 China Nov 0.50 15.14 1.20 16.29 0.15 0.41 Dec 0.50 15.14 1.20 16.29 0.15 0.41 India Nov 0.13 1.44 3.50 4.95 0.01 0.12 Dec 0.13 1.44 3.50 4.95 0.01 0.12 North Africa 5/ Nov 0.13 0.77 1.55 2.27 0.06 0.12 Dec 0.13 0.77 1.55 2.27 0.06 0.12 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. December 2019 WASDE - 595 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2018 IV 6,862 7,031 13,952 10,588 1,518 12,239 26,191 2,331 53.4 Annual 26,872 26,315 53,417 42,601 5,878 49,018 102,435 9,115 217.6 2019 I 6,414 6,838 13,308 10,384 1,446 11,957 25,264 2,307 54.5 II 6,814 6,615 13,487 10,933 1,450 12,513 26,000 2,337 55.8 III 6,923 6,706 13,683 11,397 1,453 12,986 26,669 2,338 54.3 IV* 6,985 7,535 14,575 11,125 1,540 12,790 27,365 2,382 54.1 Annual Nov Proj. 27,036 27,620 54,878 43,738 5,889 50,146 105,024 9,342 218.6 Dec Proj. 27,136 27,694 55,052 43,839 5,889 50,246 105,298 9,364 218.6 2020 I* 6,505 7,180 13,742 10,850 1,450 12,426 26,168 2,340 55.8 II* 7,025 6,825 13,906 11,300 1,460 12,902 26,808 2,365 56.9 III* 6,945 6,990 13,990 11,700 1,465 13,308 27,298 2,375 54.9 Annual Nov Proj. 27,550 28,680 56,458 44,535 5,925 51,006 107,464 9,420 222.4 Dec Proj. 27,515 28,680 56,423 45,250 5,925 51,721 108,144 9,500 222.4 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2018 IV 115.32 42.77 86.7 81.4 125.6 17.07 Annual 117.12 45.93 97.8 80.2 137.6 16.26 2019 I 125.27 40.67 94.0 82.8 107.3 16.97 II 118.79 57.95 97.7 85.5 69.7 17.93 III 108.16 50.08 82.0 90.8 81.9 18.97 IV* 115.00 43.00 81.0 97.0 118.0 20.45 Annual Nov Proj. 116.00 48.00 88.50 88.50 92.00 18.60 Dec Proj. 117.00 48.00 88.50 89.00 94.00 18.60 2020 I* 122.00 52.00 88.0 86.0 105.0 19.75 II* 118.00 57.00 98.0 88.0 90.0 19.30 III* 112.00 59.00 89.0 91.0 100.0 19.20 Annual Nov Proj. 116 57 91 90 99 18.85 Dec Proj. 117 55 89 90 104 19.40 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. December 2019 WASDE - 595 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2018 649 26,938 2,998 30,585 3,161 662 26,762 57.2 2019 Proj. Nov 662 27,102 2,960 30,724 3,104 650 26,970 57.3 Dec 662 27,202 3,046 30,910 3,074 625 27,211 57.8 2020 Proj. Nov 650 27,616 2,870 31,136 3,305 665 27,166 57.4 Dec 625 27,581 2,880 31,086 3,305 625 27,156 57.4 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2018 554 26,330 1,042 27,926 5,876 559 21,491 50.9 2019 Proj. Nov 559 27,634 958 29,150 6,496 550 22,104 52.1 Dec 559 27,708 958 29,225 6,296 550 22,378 52.7 2020 Proj. Nov 550 28,694 915 30,159 7,300 580 22,279 52.2 Dec 550 28,694 915 30,159 7,100 580 22,479 52.6 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2018 1,246 53,507 4,313 59,066 9,043 1,266 48,757 109.5 2019 Proj. Nov 1,266 54,967 4,169 60,402 9,606 1,242 49,554 110.7 Dec 1,266 55,142 4,260 60,667 9,376 1,218 50,074 111.8 2020 Proj. Nov 1,242 56,548 4,022 61,812 10,612 1,284 49,916 110.8 Dec 1,218 56,513 4,036 61,766 10,412 1,245 50,110 111.3 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2018 856 42,145 139 43,140 7,069 845 35,227 92.4 2019 Proj. Nov 845 43,270 132 44,247 7,040 895 36,312 94.7 Dec 845 43,370 132 44,347 7,040 910 36,397 94.9 2020 Proj. Nov 895 44,058 134 45,087 7,250 870 36,967 95.8 Dec 910 44,766 134 45,810 7,425 910 37,475 97.1 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2018 310 5,878 19 6,206 611 303 5,293 16.2 2019 Proj. Nov 303 5,889 13 6,205 637 265 5,303 16.1 Dec 303 5,889 13 6,205 639 260 5,306 16.1 2020 Proj. Nov 265 5,925 12 6,202 660 285 5,257 15.9 Dec 260 5,925 12 6,197 680 285 5,232 15.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2018 1,170 48,562 160 49,892 7,764 1,153 40,975 110.0 2019 Proj. Nov 1,153 49,678 148 50,979 7,760 1,167 42,051 112.1 Dec 1,153 49,776 148 51,077 7,762 1,176 42,139 112.3 2020 Proj. Nov 1,167 50,529 149 51,845 7,990 1,163 42,692 113.1 Dec 1,176 51,236 149 52,561 8,185 1,203 43,173 114.3 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2018 2,416 102,069 4,473 108,958 16,807 2,419 89,732 219.5 2019 Proj. Nov 2,419 104,645 4,317 111,381 17,367 2,409 91,605 222.8 Dec 2,419 104,918 4,408 111,745 17,139 2,394 92,213 224.2 2020 Proj. Nov 2,409 107,077 4,171 113,657 18,602 2,447 92,608 223.9 Dec 2,394 107,749 4,185 114,328 18,597 2,448 93,283 225.6 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready -to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. December 2019 WASDE - 595 - 33 U.S. Egg Supply and Use Commodity 2017 2018 2019 Proj. 2019 Proj. 2020 Proj. 2020 Proj. Nov Dec Nov Dec Eggs Million Dozen Supply Beginning Stocks 142.2 87.5 78.8 78.8 104.0 104.0 Production 8,942.7 9,114.6 9,341.6 9,363.6 9,420.0 9,500.0 Imports 34.2 17.8 15.0 15.0 16.0 16.0 Total Supply 9,119.1 9,220.0 9,435.4 9,457.4 9,540.0 9,620.0 Use Exports 354.9 333.1 318.7 326.7 300.0 310.0 Hatching Use 1,035.2 1,057.5 1,079.6 1,079.9 1,090.0 1,110.0 Ending Stocks 87.5 78.8 104.0 104.0 108.0 115.0 Disappearance Total 7,641.5 7,750.6 7,933.2 7,946.9 8,042.0 8,085.0 Per Capita (number) 281.8 284.0 289.0 289.5 291.2 292.8 Total U.S. Milk Supply and Use Commodity 2017 2018 2019 Proj. 2019 Proj. 2020 Proj. 2020 Proj. Nov Dec Nov Dec Milk Billion Pounds Production 215.5 217.6 218.6 218.6 222.4 222.4 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 12.7 13.4 13.8 13.8 13.7 13.8 Marketings 214.5 216.6 217.5 217.6 221.4 221.4 Imports 6.0 6.3 7.2 7.1 6.5 6.4 Total Cml. Supply 233.2 236.3 238.5 238.5 241.6 241.6 Fat Basis Use Commercial Exports 9.2 10.4 9.0 9.0 9.2 9.3 Ending Commercial Stocks 13.4 13.8 13.7 13.8 13.2 13.3 CCC Donations 0.0 0.0 0.2 0.2 0.2 0.3 Domestic Commercial Use 210.6 212.1 215.6 215.5 219.0 218.7 Skim -solid Basis Supply Beg. Commercial Stocks 9.5 11.8 10.7 10.7 10.6 10.6 Marketings 214.5 216.6 217.5 217.6 221.4 221.4 Imports 6.1 5.5 5.8 5.8 5.5 5.5 Total Cml. Supply 230.1 233.8 234.0 234.1 237.5 237.5 Skim -solid Basis Use Commercial Exports 40.8 44.7 40.4 40.8 43.0 43.1 Ending Commercial Stocks 11.8 10.7 10.6 10.6 10.8 10.8 CCC Donations 0.0 0.0 0.2 0.2 0.1 0.1 Domestic Commercial Use 177.5 178.5 182.8 182.4 183.6 183.5 Total Note: Totals may not add due to rounding. December 2019 WASDE - 595 - 34 U.S. Dairy Prices Commodity 2017 2018 2019 Proj. 2019 Proj. 2020 Proj. 2020 Proj. Nov Dec Nov Dec Product Prices 1/ Dollars Per Pound Cheese 1.6344 1.5377 1.765 1.760 1.860 1.865 Butter 2.3303 2.2572 2.250 2.240 2.060 2.020 Nonfat Dry Milk 0.8666 0.7945 1.035 1.040 1.095 1.230 Dry Whey 0.4437 0.3422 0.380 0.380 0.320 0.345 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 16.17 14.61 17.00 16.95 17.50 17.65 Class IV 15.16 14.23 16.30 16.30 15.95 16.95 All Milk 3/ 17.65 16.26 18.60 18.60 18.85 19.40 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated pla nts for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . December 2019 WASDE - 595 - 35 Reliability of December Projections 1/ Note: Tables on pages 35 -37 present a record of the December projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0.8 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 1.4 percent. The average differen ce between the December projection and the final estimate is 3.9 million tons, ranging from 0.4 million to 10.2 million tons. The December projection has been below the estimate 28 times and above 10 times. Differences between forecast and final estima te 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 0.8 1.4 3.9 0.4 10.2 28 10 U.S. 0.4 0.7 0.2 0.0 1.2 18 14 Foreign 0.9 1.6 3.9 0.3 10.3 28 10 Exports World 5.2 8.8 5.4 0.1 18.3 30 8 U.S. 5.9 10.0 1.6 0.2 3.9 20 18 Foreign 6.4 10.8 5.2 0.5 17.9 33 5 Domestic Use World 1.2 2.1 5.5 0.1 16.7 21 17 U.S. 5.9 10.1 1.6 0.1 3.6 10 28 Foreign 1.3 2.2 5.6 0.1 16.1 25 13 Ending Stocks World 5.5 9.4 7.0 0.9 19.4 28 10 U.S. 10.6 18.1 1.8 0.1 7.0 26 12 Foreign 5.7 9.6 5.7 0.4 19.3 27 11 COARSE GRAINS 2/ Production World 1.5 2.5 12.5 0.0 36.0 28 10 U.S. 1.3 2.2 2.4 0.0 7.5 19 19 Foreign 2.1 3.5 12.7 0.3 37.5 27 11 Exports World 6.7 11.4 6.6 0.1 33.3 28 10 U.S. 15.5 26.3 5.6 0.1 12.8 17 21 Foreign 12.0 20.4 7.1 0.0 27.1 25 12 Domestic Use World 1.3 2.1 10.0 0.3 36.5 23 15 U.S. 3.5 6.0 4.9 0.1 17.9 17 21 Foreign 1.5 2.6 9.6 0.3 36.9 25 13 Ending Stocks World 11.3 19.2 15.6 1.0 137.6 31 7 U.S. 19.0 32.3 7.4 0.7 23.9 20 18 Foreign 14.6 24.9 13.8 0.1 143.9 31 7 RICE, milled Production World 2.0 3.3 5.7 0.0 16.2 31 7 U.S. 2.9 4.9 0.1 0.0 0.5 19 14 Foreign 2.0 3.4 5.8 0.1 16.2 32 6 Exports World 9.3 15.7 1.8 0.1 6.1 29 9 U.S. 8.0 13.6 0.2 0.0 0.6 19 17 Foreign 10.4 17.7 1.8 0.0 6.0 27 11 Domestic Use World 1.5 2.6 3.7 0.0 15.9 26 12 U.S. 7.9 13.4 0.2 0.0 0.6 19 19 Foreign 1.6 2.7 3.7 0.0 16.1 26 12 Ending Stocks World 10.7 18.2 5.8 0.1 27.9 31 7 U.S. 21.3 36.1 0.2 0.0 0.8 21 17 Foreign 11.0 18.7 5.8 0.2 27.7 31 7 1/ Footnotes at end of table. CONTINUED December 2019 WASDE - 595 - 36 Reliability of December Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 3.8 6.4 5.6 0.1 23.8 21 17 U.S. 2.1 3.5 1.2 0.1 4.7 15 23 Foreign 6.2 10.6 5.6 0.1 25.1 18 20 Exports World 6.8 11.6 3.2 0.1 13.1 23 15 U.S. 9.1 15.5 2.2 0.1 6.4 22 16 Foreign 17.4 29.6 2.8 0.0 11.4 19 19 Domestic Use World 2.7 4.7 4.0 0.0 13.2 20 18 U.S. 3.5 5.9 1.2 0.0 3.6 25 13 Foreign 3.3 5.7 3.7 0.2 11.9 21 17 Ending Stocks World 15.4 26.2 4.4 0.1 18.5 22 16 U.S. 44.2 75.1 2.1 0.2 7.3 10 28 Foreign 17.0 28.9 3.9 0.1 18.3 23 15 COTTON Million 480 -Pound Bales Production World 3.2 5.4 2.3 0.0 7.2 22 15 U.S. 2.0 3.5 0.2 0.0 0.8 18 19 Foreign 3.7 6.4 2.3 0.0 7.1 21 16 Exports World 7.0 11.9 1.8 0.1 9.0 23 15 U.S. 13.7 23.3 0.9 0.0 3.0 24 14 Foreign 9.0 15.3 1.4 0.0 8.3 20 17 Domestic Use World 2.9 4.9 2.2 0.1 8.2 19 19 U.S. 6.2 10.6 0.3 0.0 1.0 19 18 Foreign 2.9 5.0 2.1 0.1 7.9 21 17 Ending Stocks World 11.1 18.9 4.4 0.5 12.0 22 16 U.S. 28.0 47.4 1.0 0.1 3.2 11 27 Foreign 11.8 20.0 4.1 0.1 12.1 26 12 1/ Marketing years 1981/82 through 2018/19 for grains, soybeans and cotton. Final for grains, soybeans and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2017/18, and for 2018/19 the last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. December 2019 WASDE - 595 - 37 Reliability of United States December Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 1.3 2.2 89 0 250 19 18 Exports 16.2 27.5 200 9 513 17 21 Domestic Use 3.8 6.4 187 14 574 21 17 Ending Stocks 21.8 37.0 288 16 986 20 18 SORGHUM Production 4.1 7.0 15 1 53 20 18 Exports 17.4 29.6 28 0 123 24 13 Domestic Use 19.0 32.2 36 0 127 16 21 Ending Stocks 45.5 77.2 25 1 104 15 23 BARLEY Production 1.5 2.5 4 0 24 16 10 Exports 30.0 50.9 8 0 37 13 21 Domestic Use 7.6 12.9 16 0 70 13 24 Ending Stocks 13.3 22.5 13 0 39 27 9 OATS Production 1.1 1.9 2 0 18 7 9 Exports 72.0 122.1 1 0 7 9 10 Domestic Use 5.4 9.1 12 1 39 15 23 Ending Stocks 20.3 34.5 13 1 52 25 13 SOYBEAN MEAL Thousand Short Tons Production 3.5 6.0 1,041 152 3,117 23 15 Exports 11.2 19.0 727 100 2,850 22 16 Domestic Use 3.2 5.4 685 50 2,293 20 18 Ending Stocks 34.1 57.8 64 0 253 16 20 SOYBEAN OIL Million Pounds Production 3.5 5.9 459 43 1,530 26 12 Exports 26.6 45.2 322 0 1,325 20 16 Domestic Use 3.7 6.3 453 25 1,761 24 14 Ending Stocks 21.5 36.4 295 1 1,051 23 15 ANIMAL PROD. Million Pounds Beef 3.6 6.0 723 9 2,311 26 11 Pork 3.2 5.5 421 20 1,592 21 16 Broilers 1.8 3.0 393 1 1,346 23 14 Turkeys 2.9 5.0 119 2 407 21 16 Million Dozen Eggs 1.9 3.3 107 3 515 26 11 Billion Pounds Milk 1.5 2.6 1.7 0.0 6.1 18 13 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2018/19 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate followin g the marketing year for 1981/82 through 2017/18, and for 2018/19 the last month’s estimate. Calendar years 1982 through 2018 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 198 2-2018. WASDE -595-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 The 2020 Agricultural Outlook Forum “Program at a Glance” Join us February 20- 21, 2020 Crystal Gateway Marriott Hotel Arlington, Virginia Register Here For More Information , please contact the Forum Coordinator Mirvat Sewadeh at 202 -720-5447 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ To subscribe to receive WASDE -related notifications by email or text message visit https://public.govdelivery.com/accounts/USDAOC/subscriber/new?topic_id=USDAOC_223 . Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at 202 -720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE -595 – December 10, 2019 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and empl oyer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554-9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 526 Approved by the World Agricultural Outlook Board February 10, 2014 WHEAT: U.S. wheat ending stocks for 2013/14 ar e projected 50 million bushels lower as higher expected food use and exports more than o ffset an increase in projected imports. Imports are raised 10 million bushels as railroad backlogs and other logistical problems slow Canadian wheat shipments to Pacific Coast terminals and encourage additional shipments of Hard Red Spring (HRS) wheat into the U.S. ma rket. Projected food use is increased 10 million bushels based on the latest flour production dat a reported by the No rth American Millers’ Association. Food use increases are project ed for Hard Red Winter and HRS wheat. Exports are projected 50 million bushels higher as reduced competition from Argentina and strong sales and shipments further boost prospects for U. S. wheat in world trade. A reduction in expected exports from Australia during the July-J une world trade year also raises prospects for 2013/14 U.S. shipments. Exports are projected higher for all classes except Durum. The season-average farm price for all wheat is na rrowed 5 cents on both ends of the projected range to $6.65 to $6.95 per bushel. Global 2013/14 wheat supplies are lowered 1.1 million tons with lower beginning stocks for Argentina and Russia and a 0.8-milli on-ton reduction in world production. Small reductions in 2012/13 production for Argentina and imports for Russia reduce world carryin supplies for 2013/14. Kazakhstan production for 2013/14 is lowe red 1.6 million tons based on the latest official estimates which raised harvested area, but lowered the yield sharply from indications based on earlier harvest reports. Production for Al geria is lowered 0.3 million tons based on the latest official data. Partly offsetting thes e reductions is a 0.6-million-ton increase for Brazil where better-than-expected yields in southern wheat areas more than offset earlier freeze damage farther north. Ukraine production is also raised, up 0.3 million tons, on final government estimates. Foreign wheat exports for 2013/14 are lower ed as reductions for Kazakhstan and Argentina more than offset an increase for the European Un ion. Kazakhstan exports are lowered 1.5 million tons with the smaller crop. Exports are lowered 1.0 million tons for Argentina based on the slow pace of shipments. European Union ex ports are raised 1.5 million tons reflecting the rapid pace of shipments and licensing. Wheat feeding is lowered for the European Union as increased corn imports and feeding free up wheat for export. Wheat feed use is lowered 0.2 million tons for South Korea as increased corn im ports and feeding also displace wheat in that market. Global wheat ending stocks are projec ted 1.7 million tons lower with the largest declines for the United States and European Union. Smaller reductions in ending stocks are expected for Algeria and Russia. Partly offsetti ng are stocks increases for Argentina, Brazil, and Ukraine. COARSE GRAINS: U.S. feed grain ending stocks for 2013/14 are expected lower with a 150- million-bushel increase projected for corn ex ports. Global trade data and strong export sales support this month’s outlook for increased wo rld corn imports. Reduced foreign export WASDE-526-2 prospects also lower competition for U.S. corn in the world market. U.S. corn ending stocks are projected 150 million bushels lower with the export increase. The season-average farm price for corn is raised 10 cents on both ends of the projected range to $4.20 to $4.80 per bushel. Season-average farm prices for the other feed grains are also projected slightly higher. Global coarse grain supplies for 2013/14 are pr ojected 2.1 million t ons higher with higher foreign beginning stocks and production. Corn beginning stocks are raised for Argentina and South Africa with exports lowered for 2012/13. Coarse grain production for 2013/14 is up 0.8 million tons as small increases in sorghum, barle y, oats, and millet production more than offset a reduction for corn. Corn production is lower ed 1.0 million tons for Argentina as additional dryness in January reduces expected plantings and trims yield prospects. Production is lowered 0.3 million tons for Russia corn based on fi nal official estimates. Partly offsetting these reductions is a 0.9-million-ton increase fo r Ukraine corn output, which is also based on the latest official data. Area harvested and production for both Russia and Ukraine are records for 2013/14. Global 2013/14 coarse grain consumption is raised 5.0 million tons with higher corn feeding for the European Union, Canada, South Korea, and Egypt and higher barley feeding for Canada, Kazakhstan, Libya, Kuwait, and Syria. Corn f eeding is also increased for Mexico, but offsets a reduction in sorghum feeding. Sorghum feeding is raised for China with higher imports. Global corn imports for 2013/14 are raised 3.2 million tons with increases for the European Union, Egypt, South Korea, Mexico, and Vietnam . Corn exports are raised 0.5 million tons each for Russia and Ukraine, but lowered 1.0 million tons for Argentina and 0.5 million tons each for the European Union and India. With stronger foreign corn use, increased U.S. exports fill the gap between higher foreign corn impor ts and lower foreign corn exports. Global barley imports are also raised, up 0.5 million tons, with increases for Libya, Kuwait, and Syria. Barley exports are raised with Australia, but a reduction for Kazakhstan is partly offsetting. Global corn ending stocks are projected 2.9 million tons lower. At t he projected 157.3 million tons, world ending stocks remain at a 13-year high. RICE: Slight revisions are made to the U.S. a ll rice and rice-by-class 2013/14 supply and use balance sheets. All rice domestic and residual use is unchanged at 120.0 million cwt; however, long-grain domestic use is raised 1. 0 million to 89.0 million and combined medium- and short-grain domestic use is lo wered 1.0 million to 31.0 million. The all rice export forecast is raised 1.0 million cwt to 100.0 million with co mbined medium- and short-grain exports raised 1.0 million to 33.0 million and long-grain rice exports unchanged at 67.0 million. Rough rice exports are increased 1.0 million cwt to 36.0 million, and brown and milled rice exports are unchanged at 64.0 million (rough-equivalent basis). The increase in the export forecast is due to higher-than-expected exports of medium-gra in rice to Turkey as reported in the U.S. Export Sales report. All rice ending stocks are lowered 1.0 million cwt to 27.3 million with long-grain stocks down 1.0 million to 16.3 million, and combined medium-and short-grain stocks unchanged at 8.7 million. The 2013/14 average milling yield is increased 0. 75 percentage points to 71.0 percent based on milling yield data from warehouse stored loan dat a for long-, medium-, and short- grain rice provided by the Farm Service Agency (FSA). This is the highest milling yield achieved since WASDE-526-3 2009/10 and is a full percentage point higher than la st year as U.S. crop conditions were mostly favorable throughout the 2013 growing season. The 2013/14 long-grain season-average price r ange is narrowed to $15.10 to $15.70 per cwt, up 30 cents on the low end of the range and lo wered 10 cents on the high end—the midpoint of the range is raised 10 cents from last m onth. The combined medium- and short-grain season-average price range is narrowed to $17. 20 to $17.80 per cwt, up 90 cents on the low end of the range and an increase of 50 cents on t he high end—midpoint of the range is raised 70 cents from last month. The all rice s eason-average price range is narrowed to $15.70 to $16.30 per cwt, up 40 cents on the low end of the range and unchanged on the high end—the midpoint of the range is raised 20 cents from la st month. The reduced prospects for 2014/15 medium-grain production in the Sacramento Va lley of California due to drought and reduced irrigation supplies have significantly raised medi um-grain prices in California beginning in January. Additionally, export demand for medium-gra in rice is up nearly 12 percent from last year as U.S. medium-grain export commitments fr om Turkey are more than twice the level of 2012/13 according to the U.S. Export Sales report showing commitments through the end of January. Global 2013/14 rice supply and use projections ar e little changed from last month. Global 2013/14 rice production is forecast at a record 471.5 million tons up 0. 4 million from last month—the largest increases for Bangladesh and t he United States. U.S. milled production is changed due entirely to the change in the milling yiel d to 71.0 percent from 70.25 percent. The Bangladesh crop is raised because of better expect ed yields due to favorable weather. Global consumption and trade are up slightly from la st month. World ending stocks are lowered marginally from a month ago to 105.0 million tons. OILSEEDS: U.S. soybean supplies are increased 5 milli on bushels to 3.46 billion on higher projected imports, mainly from Canada. Soy bean exports for 2013/14 are projected at 1.51 billion bushels, up 15 million from last month refl ecting the record pace of shipments and sales through January. While global imports are unchanged, increased export projections for the United States, Brazil, and Paraguay are offset by a reduction for Argentina. Higher U.S. soybean meal exports are offset by reduced domestic use, leaving soybean crush unchanged at 1.7 billion bushels. Residual use is r educed 10 million bushels this month on tightening supplies driven by heavy use to date and lar ge outstanding export sales. At 12 million bushels, projected residual use remains above the exceptionally low level of the past 2 marketing years. Projected soybean ending stocks are unchanged at 150 million bushels. The 2013/14 season-average soybean price range is projected at $11.95 to $13.45, up 20 cents on both ends. The soybean meal price is projected at $425 to $465 per short ton, up 10 dollars on both ends of the range. The soybean oil price projection is lowered 1.5 cents at the midpoint with the range narrowed to 34.5 to 37.5 cents per pound. Global oilseed production for 2013/14 is projected at 506.0 million tons, up slightly from last month. Global soybean production is raised 0. 9 million tons to a record 287.7 million. Soybean production for Brazil is projected at a re cord 90.0 million tons, up 1.0 million from last month on higher yields reflecting early harvest re sults in the center-west. Prospects for the Argentina soybean crop have diminished due to an extended period of hot, dry weather through mid-January. As a result, the crop is projected at 54.0 milli on tons, down 0.5 million from last month. Global sunflowerseed producti on is projected at 43. 3 million tons, down 0.4 WASDE-526-4 million due to reduced prospects for Argentina. Other changes include reduced cottonseed production for China, Pakistan, and Austra lia, and increased sunflowerseed and rapeseed production for Kazakhstan. Global oilseed and product supply and use changes this month include reduced soybean crush, soybean meal, and soybean exports for Argentina, reduced soybean meal imports for the European Union, and increased soybean and soybean meal exports for Brazil and the United States. Global oilseed stocks are projec ted higher, mostly reflecting higher soybean stocks in Argentina. SUGAR: Projected U.S. sugar supply for fisca l year 2013/14 is decreased 56,000 short tons, raw value (STRV), from last month with a 3,000 STRV decline in beginning stocks and a 53,000 STRV drop in sugar from sugarcane pr oduction in Florida. Projected use is unchanged, leaving ending stocks at 14.91 percent of use, down from 15.37 percent in December. Mexico’s projected 2013/14 sugar production is reduced 345,000 metric tons to 6.35 million, based on the pace to date. Domestic consum ption and total exports both decline with the smaller supply. Exports to the United States are forecast unchanged from January indications in response to the wider price premium in the U.S. market. LIVESTOCK, POULTRY, AND DAIRY: The 2014 forecast of total red meat and poultry production is lowered from last month as higher beef production is more than offset by lower pork, broiler, and turkey production. For beef, re latively large cattle placements in the fourth quarter of 2013 are expected to carry through into the first half of 2014, which will result in higher slaughter in 2014. Cow slaughter is also ex pected to remain relatively strong during the first half of 2014 with favorable cull cow prices. Pork production is lowered as reports indicate that Porcine Epidemic Diarrhea virus (PEDv) continues to spread. Broiler production is reduced on slower growth in slaughter. Turkey production is reduced as recent eggs-set and poult placements remain below a year earlier. Egg production is unchanged. Estimates of 2013 meat and egg production are adjusted to reflect data for December. Beef import and export forecasts for 2014 are unc hanged from last month. Pork exports are lowered as tight supplies and high prices reduce competitiveness. The broiler export forecast is lowered as weaker-than-expected December exports and recent weakness in leg quarter prices may reflect reduced demand. Turkey ex ports are unchanged. The egg export forecast is raised. Meat and egg trade estimates for 2013 are updated based on data for December. Cattle prices for 2014 are raised from last mont h, reflecting tight supplies and recent price strength for fed cattle. The hog price forecast is raised on reduced supplies of market hogs and strong demand. Broiler, turkey, and egg pric es are raised on expected demand strength and reduced supplies of competing meats in 2014. The milk production forecast for 2014 is rais ed from last month on expected higher cow numbers in the second half of the year. USDA’s Cattle report estimated dairy replacement heifers expected to calve during 2014 were up about 2 percent from a year ago, while the number of milk cows was fractionally below a y ear ago. Strong returns resulting from higher milk prices and moderate feed co sts are expected to boost expansion later in the year. Milk per cow is unchanged. Fat-basis exports for 2014 are raised on increased sales of butter and WASDE-526-5 cheese. Skim-solids exports are lowered mostly on reduced exports of lactose. Fat and skim- solid imports are unchanged. For 2013, supply and use estimates for 2013 are updated based on data for December. Product price forecasts for cheese, butter, and whey are higher, supported by strong demand and price strength to date. N onfat dry milk (NDM) is lower for 2014 on expectations of competition from other exporters in second-half 2014. The Class III price is raised on higher cheese and whey prices. The Class IV price is down as lower NDM more than offsets greater butter. The all milk price is forecast at $20.85-21.55 per cwt. COTTON: The U.S. cotton estimates for 2013/14 are unchanged, with ending stocks projected at 3 million bales. The marketing-year average pr ice is projected in a narrower range of 74-78 cents per pound, with the midpoint of 76 cent s raised from 74.5 cents last month. The 2013/14 world cotton supply and demand estimates include lower production and ending stocks. Global consumption is unchanged this mont h. Production is lowered for China, where additional information about re-classing in Xinj iang indicates production is lower than previously thought. Production is also reduced for Australia and Pakistan, but raised for Argentina, Greece, and others. Offsetting ex port adjustments result in total trade being virtually unchanged. World stocks are lowered to 96.5 million bales, with China accounting for 59 percent of the total. Approved by the Secretary of Agriculture and the Chairperson of the World Agricultural Outlook Board, Gerald A. Bange, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: MICHAEL T. SCUSE ACTING SECRETARY OF AGRICULTURE WASDE-526-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Jerry Norton, ICEC Chair, WAOB, email : [email protected] Gary Vocke, ERS; Teresa McKeivier, FAS; William Chambers, FSA. Rice: Andrew C. Aaronson, ICEC Chair, WAOB, email : [email protected] Nathan Childs, ERS; Debbie Rubas, FAS; Mark Simone, FSA. Feed Grains: Jerry Norton, IC EC Chair, WAOB, email : [email protected] Thomas Capehart, ERS; Richard O’M eara, FAS; Pete Riley, FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, email : [email protected] Mark Ash, ERS; Bill George, FAS; Dale Leuck, FSA. Cotton: Carol Skelly, ICEC Chair, WAOB, email : [email protected] Darryl Earnest, AMS; Leslie Meyer, ERS; Ja mes Johnson, FAS; Scott Sanford, FSA. Sugar: David Stallings, Acting ICEC Chair, WAOB, email : [email protected] Stephen Haley, ERS; Ron Lord, FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, email : [email protected] Sherry Wise, AMS; Kenneth Mathews, ERS; Cla ire Mezoughem, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, email : [email protected] Larry Haller, AMS; David Harvey, ERS; Lazar o Sandoval, FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, email : [email protected] Jerry Cessna, AMS; Roger Hoskin, ERS; P aul Kiendl, FAS; Milton Madison, FSA.. For 2014, the WASDE report release dates are: Jan 10, Feb 10, Mar 10, Apr 9, May 9, June 11, July 11, Aug 12, Sept 11, Oct 10, Nov 10, Dec 10. WASDE-526-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................... 1 Interagency Commodity Estimates Committees ..................................................... 6 World & U.S. Supply & Use for Grains ................................................................... 8 World & U.S. Supply & Use for Cotton ................................................................... 9 World & U.S. Supply & Use for Oilseeds ............................................................. 10 U.S. Wheat Supply & Use .................................................................................... 11 U.S. Wheat Supply & Use by Class ..................................................................... 11 U.S. Feed Grain & Corn Supply & Use ................................................................ 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13 U.S. Rice Supply & Use ....................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................ 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ............................................................................. 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use ................................................................................. 18 World Coarse Grains Supply & Use ..................................................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use..................................................................................... 24 World Cotton Supply & Use ................................................................................. 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ..................................................................... 29 World Soybean Oil Supply & Use ........................................................................ 30 U.S. Quarterly Animal Product Production ........................................................... 31 U.S. Quarterly Prices for Animal Products ........................................................... 31 U.S. Meats Supply and Use ................................................................................. 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use .................................................................................... 33 U.S. Dairy Prices ................................................................................................. 34 Reliability Tables ................................................................................................. 35 Related USDA Reports ........................................................................................ 38 Metric Conversion Factors ................................................................................... 38 Electronic Access and Subscriptions ....................................................................... 40 February 2014 WASDE - 526 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World OutputTotal Supply Trade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2011/12 2314.37 2778.27 343.59 2309.49 468.77 2012/13 (Est.) 2258.52 2727.29 298.30 2280.82 446.48 filler filler filler filler filler 2013/14 (Proj.) Jan 2443.00 2888.73 341.70 2404.21 484.52 2013/14 (Proj.) Feb 2443.41 2889.88 345.98 2410.04 479.85 filler filler filler filler filler Wheat 2011/12 697.27 896.25 157.78 697.31 198.94 2012/13 (Est.) 656.34 855.28 137.39 679.44 175.84 filler filler filler filler filler 2013/14 (Proj.) Jan 712.66 888.79 158.58 703.39 185.40 2013/14 (Proj.) Feb 711.89 887.73 159.39 703.99 183.73 filler filler filler filler filler Coarse Grains 5/ 2011/12 1151.28 1317.56 146.69 1152.14 165.42 2012/13 (Est.) 1132.67 1298.10 122.25 1134.31 163.79 filler filler filler filler filler 2013/14 (Proj.) Jan 1259.20 1421.68 142.97 1227.74 193.94 2013/14 (Proj.) Feb 1260.01 1423.80 146.20 1232.72 191.08 filler filler filler filler filler Rice, milled 2011/12 465.82 564.45 39.12 460.05 104.41 2012/13 (Est.) 469.51 573.91 38.65 467.07 106.85 filler filler filler filler filler 2013/14 (Proj.) Jan 471.15 578.26 40.16 473.08 105.18 2013/14 (Proj.) Feb 471.51 578.36 40.39 473.33 105.03 filler filler filler filler filler United States Output Total Supp lyTrade 2 /Total Use 3/Ending Stocks Total Grains 4/ 2011/12 384.01 447.82 72.83 325.65 49.34 2012/13 (Est.) 354.01 414.06 51.55 318.29 44.23 filler filler filler filler filler 2013/14 (Proj.) Jan 433.44 485.94 74.92 349.17 61.85 2013/14 (Proj.) Feb 433.51 486.22 80.16 349.41 56.65 filler filler filler filler filler Wheat 2011/12 54.41 80.93 28.61 32.11 20.21 2012/13 (Est.) 61.67 85.22 27.42 38.27 19.54 filler filler filler filler filler 2013/14 (Proj.) Jan 57.96 81.85 30.62 34.69 16.55 2013/14 (Proj.) Feb 57.96 82.13 31.98 34.96 15.19 filler filler filler filler filler Coarse Grains 5/ 2011/12 323.73 358.89 41.03 290.05 27.82 2012/13 (Est.) 286.01 320.53 20.73 276.27 23.53 filler filler filler filler filler 2013/14 (Proj.) Jan 369.43 396.21 41.15 310.67 44.40 2013/14 (Proj.) Feb 369.43 396.15 44.96 310.61 40.59 filler filler filler filler filler Rice, milled 2011/12 5.87 8.00 3.20 3.49 1.30 2012/13 (Est.) 6.34 8.31 3.40 3.75 1.16 filler filler filler filler filler 2013/14 (Proj.) Jan 6.05 7.87 3.16 3.82 0.90 2013/14 (Proj.) Feb 6.12 7.94 3.22 3.84 0.88 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export es timate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). February 2014 WASDE - 526 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ OutputTotal Supply Trade 2 /Total UseEnding Stocks Total Grains 4/ 2011/12 1,930.36 2,330.45 270.76 1,983.84 419.44 2012/13 (Est.) 1,904.51 2,313.23 246.75 1,962.53 402.25 filler filler filler filler filler 2013/14 (Proj.) Jan 2,009.56 2,402.79 266.78 2,055.04 422.68 2013/14 (Proj.) Feb 2,009.90 2,403.67 265.82 2,060.63 423.19 filler filler filler filler filler Wheat 2011/12 642.86 815.32 129.18 665.20 178.73 2012/13 (Est.) 594.67 770.06 109.98 641.17 156.31 filler filler filler filler filler 2013/14 (Proj.) Jan 654.70 806.94 127.96 668.71 168.85 2013/14 (Proj.) Feb 653.92 805.60 127.41 669.04 168.55 filler filler filler filler filler Coarse Grains 5/ 2011/12 827.56 958.67 105.66 862.09 137.60 2012/13 (Est.) 846.67 977.57 101.52 858.04 140.26 filler filler filler filler filler 2013/14 (Proj.) Jan 889.77 1,025.47 101.82 917.07 149.55 2013/14 (Proj.) Feb 890.58 1,027.64 101.25 922.11 150.49 filler filler filler filler filler Rice, milled 2011/12 459.95 556.46 35.92 456.55 103.10 2012/13 (Est.) 463.17 565.61 35.25 463.32 105.69 filler filler filler filler filler 2013/14 (Proj.) Jan 465.10 570.39 37.00 469.26 104.28 2013/14 (Proj.) Feb 465.40 570.42 37.17 469.49 104.16 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world mi nus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales OutputTotal Supply Trade 2 /Total Use 3 /Ending Stocks World 2011/12 126.64 176.87 46.06 102.81 73.32 2012/13 (Est.) 123.07 196.39 46.71 106.35 89.16 2013/14 (Proj.) Jan 117.81 206.98 38.47 109.50 97.61 2013/14 (Proj.) Feb 116.67 205.83 38.47 109.48 96.47 United States 2011/12 15.57 18.19 11.71 3.30 3.35 2012/13 (Est.) 17.32 20.68 13.03 3.50 3.90 2013/14 (Proj.) Jan 13.19 17.10 10.50 3.60 3.00 2013/14 (Proj.) Feb 13.19 17.10 10.50 3.60 3.00 Foreign 4/ 2011/12 111.07 158.68 34.35 99.51 69.97 2012/13 (Est.) 105.76 175.71 33.68 102.85 85.26 2013/14 (Proj.) Jan 104.62 189.88 27.97 105.90 94.61 2013/14 (Proj.) Feb 103.48 188.73 27.97 105.88 93.47 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. February 2014 WASDE - 526 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World OutputTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2011/12 446.28 530.43 111.36 395.84 64.60 2012/13 (Est.) 474.33 538.93 117.65 396.52 68.05 2013/14 (Proj.) Jan 505.85 575.45 128.86 415.52 85.11 2013/14 (Proj.) Feb 505.96 574.00 128.91 413.80 85.97 Oilmeals 2011/12 267.55 278.44 80.16 262.91 12.53 2012/13 (Est.) 268.20 280.73 77.06 264.23 12.31 2013/14 (Proj.) Jan 281.52 293.69 84.47 275.94 13.25 2013/14 (Proj.) Feb 280.08 292.39 83.24 274.31 13.30 Vegetable Oils 2011/12 157.41 172.06 63.37 152.92 17.49 2012/13 (Est.) 160.60 178.09 67.08 158.10 17.94 2013/14 (Proj.) Jan 169.22 187.39 69.73 164.39 20.37 2013/14 (Proj.) Feb 168.93 186.88 69.50 164.27 20.39 United States Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2011/12 92.35 100.94 37.78 50.35 5.57 2012/13 (Est.) 93.14 100.20 36.94 50.24 5.76 2013/14 (Proj.) Jan 97.32 104.54 41.47 50.33 5.75 2013/14 (Proj.) Feb 97.32 104.80 41.86 50.46 5.75 Oilmeals 2011/12 39.52 42.93 9.16 33.43 0.34 2012/13 (Est.) 38.64 42.36 10.43 31.62 0.31 2013/14 (Proj.) Jan 38.94 42.71 10.04 32.33 0.34 2013/14 (Proj.) Feb 39.03 42.81 10.23 32.24 0.34 Vegetable Oils 2011/12 10.04 15.48 1.15 12.79 1.54 2012/13 (Est.) 10.20 15.53 1.39 12.98 1.16 2013/14 (Proj.) Jan 10.15 15.53 1.09 13.27 1.18 2013/14 (Proj.) Feb 10.22 15.54 0.97 13.37 1.20 filler filler filler filler filler Foreign 3/ Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stoc ks Oilseeds 2011/12 353.93 429.49 73.59 345.49 59.03 2012/13 (Est.) 381.18 438.73 80.71 346.28 62.28 2013/14 (Proj.) Jan 408.53 470.91 87.39 365.19 79.35 2013/14 (Proj.) Feb 408.64 469.20 87.04 363.34 80.21 Oilmeals 2011/12 228.04 235.52 71.01 229.47 12.19 2012/13 (Est.) 229.57 238.37 66.62 232.61 12.00 2013/14 (Proj.) Jan 242.58 250.98 74.42 243.61 12.92 2013/14 (Proj.) Feb 241.05 249.59 73.01 242.07 12.97 Vegetable Oils 2011/12 147.37 156.58 62.23 140.12 15.94 2012/13 (Est.) 150.41 162.56 65.69 145.12 16.79 2013/14 (Proj.) Jan 159.07 171.85 68.65 151.13 19.19 2013/14 (Proj.) Feb 158.71 171.33 68.53 150.90 19.19 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. February 2014 WASDE - 526 - 11 U.S. Wheat Supply and Use 1/ 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Jan Feb Million Acres Area Planted 54.4 55.7 56.2 56.2 Area Harvested 45.7 48.9 45.2 45.2 Bushels Yield per Harvested Acre 43.7 46.3 47.2 47.2 Million Bushels Beginning Stocks 862 743 718 718 Production 1,999 2,266 2,130 2,130 Imports 112 123 160 170 Supply, Total 2,974 3,131 3,008 3,018 Food 941 945 950 960 Seed 76 73 74 74 Feed and Residual 162 388 250 250 Domestic, Total 1,180 1,406 1,274 1,284 Exports 1,051 1,007 1,125 1,175 Use, Total 2,231 2,414 2,399 2,459 Ending Stocks 743 718 608 558 CCC Inventory 0000 Free Stocks 743 718 608 558 Outstanding Loans 8855 Avg. Farm Price ($/bu) 2/ 7.24 7.77 6.60 - 7.00 6.65 - 6.95 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red WinterHard Red SpringSoft Red Winter White Durum Total Millio n Bushel s 2012/13 (Est.) Beginning Stocks 317 151 185 64 25 743 Production 1,000 505 420 259 83 2,266 Supply, Total 3/ 1,335 699 623 330 144 3,131 Domestic Use 612 303 306 93 93 1,406 Exports 380 232 193 174 29 1,007 Use, Total 992 534 499 267 121 2,414 Ending Stocks, Total 343 165 124 63 23 718 2013/14 (Proj.) Beginning Stocks 343 165 124 63 23 718 Production 744 490 565 268 62 2,130 Supply, Total 3/ 1,102 730 714 339 132 3,018 Domestic Use 471 306 297 130 81 1,284 Exports 450 235 305 160 25 1,175 Use, Total 921 541 602 290 106 2,459 Ending Stocks, Total Feb 181 189 112 49 26 558 Ending Stocks, Total Jan 197 208 117 59 26 608 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketi ng-year weighted average price received by farmers. 3/ Includes imports. February 2014 WASDE - 526 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Jan Feb Million Acres Area Planted 102.5 109.8 109.9 109.9 Area Harvested 91.1 96.6 98.2 98.2 Metric Tons Yield per Harvested Acre 3.55 2.96 3.76 3.76 Million Metric Tons Beginning Stocks 32.3 27.8 23.5 23.5 Production 323.6 285.8 369.2 369.2 Imports 2.7 6.5 3.1 3.0 Supply, Total 358.6 320.1 395.8 395.7 Feed and Residual 119.8 115.5 140.7 140.6 Food Seed & Industrial 169.9 160.4 169.6 169.6 Domestic, Total 289.7 275.9 310.3 310.2 Exports 41.0 20.7 41.1 45.0 Use, Total 330.7 296.6 351.5 355.2 Ending Stocks 27.8 23.5 44.4 40.6 CCC Inventory 0.0 0.0 0.0 0.0 Free Stocks 27.8 23.5 44.4 40.6 Outstanding Loans 1.1 0.8 1.3 1.3 CORN 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Januar y Februar y Million Acres Area Planted 91.9 97.2 95.4 95.4 Area Harvested 84.0 87.4 87.7 87.7 Bushels Yield per Harvested Acre 147.2 123.4 158.8 158.8 Million Bushels Beginning Stocks 1,128 989 821 821 Production 12,360 10,780 13,925 13,925 Imports 29 162 35 35 Supply, Total 13,517 11,932 14,781 14,781 Feed and Residual 4,557 4,335 5,300 5,300 Food, Seed & Industrial 2/ 6,428 6,044 6,400 6,400 Ethanol & by-products 3/ 5,000 4,648 5,000 5,000 Domestic, Total 10,985 10,379 11,700 11,700 Exports 1,543 731 1,450 1,600 Use, Total 12,528 11,111 13,150 13,300 Ending Stocks 989 821 1,631 1,481 CCC Inventory 0000 Free Stocks 989 821 1,631 1,481 Outstanding Loans 41 32 50 50 Avg. Farm Price ($/bu) 4/ 6.22 6.89 4.10 - 4.70 4.20 - 4.80 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data-p roducts/feed-grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn glut en feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. February 2014 WASDE - 526 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Jan Feb Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 5.5 6.2 8.1 8.1 Area Harvested (mil. acres) 3.9 5.0 6.5 6.5 Yield (bushels/acre) 54.6 49.8 59.6 59.6 Beginning Stocks 27 23 15 15 Production 214 247 389 389 Imports 0 1 000 Supply, Total 242 279 404 404 Feed and Residual 71 93 125 125 Food, Seed & Industrial 85 95 100 100 Total Domestic 156 188 225 225 Exports 63 76 160 160 Use, Total 219 264 385 385 Ending Stocks 23 15 19 19 Avg. Farm Price ($/bu) 2/ 5.99 6.33 3.90 - 4.50 4.00 - 4.50 Filler Filler Filler Filler Filler BARLEY 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Januar y Februar y Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.6 3.6 3.5 3.5 Area Harvested (mil. acres) 2.2 3.2 3.0 3.0 Yield (bushels/acre) 69.6 67.9 71.7 71.7 Beginning Stocks 89 60 80 80 Production 156 220 215 215 Imports 16 23 25 20 Supply, Total 261 304 320 315 Feed and Residual 38 59 65 60 Food, Seed & Industrial 155 155 155 155 Total Domestic 193 214 220 215 Exports 9 9 10 10 Use, Total 201 223 230 225 Ending Stocks 60 80 90 90 Avg. Farm Price ($/bu) 2/ 5.35 6.43 5.75 - 6.25 5.85 - 6.25 Filler Filler Filler Filler Filler OATS 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Januar y Februar y Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.5 2.8 3.0 3.0 Area Harvested (mil. acres) 0.9 1.0 1.0 1.0 Yield (bushels/acre) 57.1 61.3 64.0 64.0 Beginning Stocks 68 55 36 36 Production 54 64 66 66 Imports 94 93 95 95 Supply, Total 215 212 197 197 Feed and Residual 82 98 85 85 Food, Seed & Industrial 76 76 77 77 Total Domestic 158 174 162 162 Exports 2122 Use, Total 160 176 164 164 Ending Stocks 55 36 33 33 Avg. Farm Price ($/bu) 2/ 3.49 3.89 3.45 - 3.75 3.55 - 3.85 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing y ear beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. February 2014 WASDE - 526 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Jan Feb Million Acres Area Planted 2.69 2.70 2.49 2.49 Area Harvested 2.62 2.68 2.47 2.47 Filler Pounds Yield per Harvested Acre 7,067 7,449 7,694 7,694 Million Hundredweight Beginning Stocks 2/ 48.5 41.1 36.4 36.4 Production 184.9 199.5 189.9 189.9 Imports 19.4 21.1 21.0 21.0 Supply, Total 252.8 261.7 247.3 247.3 Domestic & Residual 3/ 110.8 118.2 120.0 120.0 Exports, Total 4/ 100.9 107.1 99.0 100.0 Rough 32.9 34.2 35.0 36.0 Milled (rough equiv.) 67.9 72.9 64.0 64.0 Use, Total 211.7 225.3 219.0 220.0 Ending Stocks 41.1 36.4 28.3 27.3 Avg. Milling Yield (%) 5/ 69.93 70.00 70.25 71.00 Avg. Farm Price ($/cwt) 6/ 14.50 15.10 15.30 - 16.30 15.70 - 16.30 Total LONG-GRAIN RICE 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Januar y Februar y Harvested Acres (mil.) 1.74 1.98 1.77 1.77 Yield (pounds/acre) 6,691 7,285 7,464 7,464 Beginning Stocks 35.6 24.3 21.9 21.9 Production 116.4 144.2 131.9 131.9 Supply, Total 7/ 168.9 187.2 172.3 172.3 Domestic & Residual 3/ 78.0 89.2 88.0 89.0 Exports 8/ 66.7 76.1 67.0 67.0 Use, Total 144.7 165.3 155.0 156.0 Ending Stocks 24.3 21.9 17.3 16.3 Avg. Farm Price ($/cwt) 6/ 13.40 14.50 14.80 - 15.80 15.10 - 15.70 Filler Filler Filler Filler Filler MEDIUM & SHORT-GRAIN RICE 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Januar y Februar y Harvested Acres (mil.) 0.88 0.70 0.70 0.70 Yield (pounds/acre) 7,812 7,912 8,272 8,272 Beginning Stocks 10.1 14.7 12.2 12.2 Production 68.6 55.4 58.0 58.0 Supply, Total 7/ 81.7 72.2 72.7 72.7 Domestic & Residual 3/ 32.8 29.0 32.0 31.0 Exports 8/ 34.2 31.0 32.0 33.0 Use, Total 67.0 60.0 64.0 64.0 Ending Stocks 14.7 12.2 8.7 8.7 Avg. Farm Price ($/cwt) 6/ 9/ 17.10 17.40 16.30 - 17.30 17.20 - 17.80 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Incl udes the following quantities of bro ken kernel rice (type undetermined) not included in estimates of beginning st ocks by type (in mil. cwt): 2011/12-2.7; 2012/13-2.1; 2013/14-2.3. 3/ Residual include s unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and en ding stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an e quivalent rough basis. 5/ Expr essed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. Data supplied by the USA Rice Federation for years prior to 2013/14 . The 2013/14 milling yield is calculated using Farm Service Agency (FSA) warehouse stored loan data for long, medium, and short grain rice. The year-to-year change in the FSA average all rice milling yield is applied to the WASDE reported 2012/13 milling yi eld to calculate the 2013/14 forecasted average milling yield. 6/ Marketing-year weighted average price received by farmers. 7/ Includes im ports. 8/ Exports by type of rice are estimated. 9/ The medium/short-grain season- average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool i s marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the fi nal price may differ. For exam ple, the average difference betw een the August WASDE SAFP forecast and the final price has averag ed $1.63 per cwt from 2008/09 through 2012/13, with a high of $3.50 per cwt in 2008/09 a nd a low of $0.60 per cwt in 2009/10. February 2014 WASDE - 526 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Jan Feb Filler Filler Filler Filler Filler Million Acres Area Planted 75.0 77.2 76.5 76.5 Area Harvested 73.8 76.2 75.9 75.9 Filler Bushels Yield per Harvested Acre 41.9 39.8 43.3 43.3 Million Bushels Beginning Stocks 215 169 141 141 Production 3,094 3,034 3,289 3,289 Imports 16 36 25 30 Supply, Total 3,325 3,239 3,454 3,459 Crushings 1,703 1,689 1,700 1,700 Exports 1,365 1,320 1,495 1,510 Seed 90 89 87 87 Residual - 2 12 21 2 Use, Total 3,155 3,099 3,304 3,309 Ending Stocks 169 141 150 150 Avg. Farm Price ($/bu) 2/ 12.50 14.40 11.75 - 13.25 11.95 - 13.45 Total SOYBEAN OIL 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Januar y Februar y Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 2,425 2,540 1,705 1,705 Production 19,740 19,820 19,840 19,840 Imports 149 196 200 200 Supply, Total 22,314 22,556 21,745 21,745 Domestic Disappearance 18,310 18,686 18,550 18,550 Biodiesel 3/ 4,874 4,617 5,200 5,200 Food, Feed & other Industrial 13,436 14,069 13,350 13,350 Exports 1,464 2,164 1,450 1,450 Use, Total 19,774 20,851 20,000 20,000 Ending stocks 2,540 1,705 1,745 1,745 Avg. Price (c/lb) 2/ 51.90 47.13 35.50 - 39.50 34.50 - 37.50 Total SOYBEAN MEAL 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Januar y Februar y Filler 1 2 3 4 Thousand Shor t Tons Beginning Stocks 350 300 275 275 Production 41,025 39,875 40,360 40,360 Imports 216 245 165 165 Supply, Total 41,591 40,420 40,800 40,800 Domestic Disappearance 31,548 29,031 29,800 29,600 Exports 9,743 11,114 10,700 10,900 Use, Total 41,291 40,145 40,500 40,500 Ending Stocks 300 275 300 300 Avg. Price ($/s.t.) 2/ 393.53 468.11 415.00 - 455.00 425.00 - 465.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oi l, simple average of crude soybean oil, Decatur; meal , simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made fr om methyl ester as reported by the U.S. Energy Information Administration. February 2014 WASDE - 526 - 16 U.S. Sugar Supply and Use 1/ 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Jan Feb Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 1,378 1,979 2,160 2,157 Production 2/ 8,485 8,980 8,778 8,725 Beet Sugar 4,895 5,076 5,025 5,025 Cane Sugar 3,590 3,904 3,753 3,700 Florida 1,828 1,866 1,833 1,780 Hawaii 172 179 180 185 Louisiana 1,440 1,686 1,600 1,600 Texas 150 173 140 135 Imports 3,631 3,224 3,184 3,184 TRQ 3/ 1,883 957 1,319 1,319 Other Program 4/ 664 136 110 110 Other 5/ 1,084 2,131 1,755 1,755 Mexico 1,071 2,124 1,745 1,745 Total Supply 13,494 14,183 14,122 14,066 Exports 269 274 250 250 Deliveries 11,246 11,752 11,991 11,991 Food 6/ 11,073 11,487 11,490 11,490 Other 7/ 173 265 501 501 Miscellaneous 0000 Total Use 11,515 12,026 12,241 12,241 Ending Stocks 8/ 1,979 2,157 1,881 1,825 Stocks to Use Ratio 17.2 17.9 15.4 14.9 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data". 2/ Production projections for 2013/14 are based on Crop Production and processor projections where appropriate. 3/ For 2012/13, WTO TRQ shortfall (566). For 2013/14, WTO TRQ shortfall (250). 4/ Includes sugar under th e re-export and polyhydric alcohol programs. 5/ For 2011/12, other high-tier (13) and other (0). For 2012/13, other high-tie r (7) and other (0). For 2013/14, other high-tier (10) and othe r (0). 6/Combines SMD deliveries for domestic human food use and SM D miscellaneous uses. 7/ Transfers to sugar-containing products for reexport, and for nonedible alcohol, feed, and et hanol. 8/ For 2012/13, includes 316,415 short tons, raw value, of stocks held by the Commodity Credit Corporation. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ ExportsEnding Stocks Sugar 1,000 Metric Tons, Actual Weight 2012/13 Est. Jan 966 6,975 217 4,726 1,972 1,460 2012/13 Est. Feb 966 6,975 217 4,726 1,972 1,460 2013/14 Proj. Jan 1,460 6,695 226 4,790 2,622 969 2013/14 Proj. Feb 1,460 6,350 226 4,690 2,399 947 1/ HFCS imports by Mexico (1,000 metric tons, dry basi s): Oct-Sep 2012/13 = 1,105; Oct-Dec 2012 = 292; Oct-Dec 2013 = 228. Footnote source: Comite Nacional para el Desarollo Sustentabl e de la Cana de Azucar. 2/Includes domestic consumption, Mexico's products export program (IMMEX), and any residual st atistical discrepancies. IMMEX: 2012/13 (375 est), 2013/14 (384 proj). February 2014 WASDE - 526 - 17 U.S. Cotton Supply and Use 1/ 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Jan Feb Filler Filler Filler Filler Filler Area Million Acres Planted 14.74 12.31 10.41 10.41 Harvested 9.46 9.37 7.66 7.66 Filler Pounds Yield per Harvested Acre 790 887 826 826 Million 480 Pound Bales Beginning Stocks 2.60 3.35 3.90 3.90 Production 15.57 17.32 13.19 13.19 Imports 0.02 0.01 0.01 0.01 Supply, Total 18.19 20.68 17.10 17.10 Domestic Use 3.30 3.50 3.60 3.60 Exports, Total 11.71 13.03 10.50 10.50 Use, Total 15.01 16.53 14.10 14.10 Unaccounted 2/ -0.17 0.25 0.00 0.00 Ending Stocks 3.35 3.90 3.00 3.00 Avg. Farm Price 3/ 88.3 72.5 72.0 - 77.0 74.0 - 78.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the differe nce between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. February 2014 WASDE - 526 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2011/12 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 198.98 697.27 149.32 146.87 697.31 157.78 198.94 United States 23.47 54.41 3.05 4.42 32.11 28.61 20.21 Total Foreign 175.52 642.86 146.27 142.45 665.20 129.18 178.73 Major Exporters 4/ 31.58 208.88 7.98 65.50 149.54 71.63 27.27 Argentina 4.11 15.50 0.01 0.10 5.95 12.93 0.74 Australia 8.18 29.91 0.12 3.20 6.51 24.66 7.05 Canada 7.36 25.29 0.49 4.70 9.85 17.35 5.93 European Union 5/ 11.93 138.18 7.37 57.50 127.23 16.69 13.56 Major Importers 6/ 89.45 188.58 80.31 38.28 261.77 7.70 88.88 Brazil 1.85 5.80 7.34 0.50 11.20 2.04 1.75 China 59.09 117.40 2.93 24.00 122.50 0.98 55.95 Sel. Mideast 7/ 7.78 17.70 16.31 3.93 34.08 1.33 6.39 N. Africa 8/ 12.19 18.31 24.90 3.48 40.87 0.44 14.09 Pakistan 3.17 25.00 0.05 0.40 23.10 1.10 4.02 Southeast Asia 9/ 4.00 0.00 17.41 3.98 16.02 0.73 4.66 Selected Other 0.00 India 15.36 86.87 0.02 3.10 81.40 0.89 19.95 FSU-12 23.61 115.03 8.02 27.90 79.87 39.77 27.03 Russia 13.74 56.24 0.55 15.50 38.00 21.63 10.90 Kazakhstan 2.88 22.73 0.01 2.60 7.60 11.84 6.18 Ukraine 3.34 22.32 0.08 6.10 14.95 5.44 5.36 2012/13 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 198.94 656.34 144.63 136.49 679.44 137.39 175.84 United States 20.21 61.67 3.34 10.57 38.27 27.42 19.54 Total Foreign 178.73 594.67 141.29 125.92 641.17 109.98 156.31 Major Exporters 4/ 27.27 192.84 5.89 58.59 142.53 63.80 19.67 Argentina 0.74 9.30 0.01 0.30 6.20 3.55 0.29 Australia 7.05 22.46 0.14 3.40 6.74 18.66 4.24 Canada 5.93 27.21 0.48 4.39 9.59 18.98 5.05 European Union 5/ 13.56 133.88 5.26 50.50 120.00 22.62 10.08 Major Importers 6/ 88.88 187.36 79.14 35.29 264.61 6.48 84.30 Brazil 1.75 4.38 7.36 0.20 10.90 1.58 1.00 China 55.95 121.02 2.96 25.00 125.00 0.97 53.96 Sel. Mideast 7/ 6.39 17.34 20.43 2.65 34.17 0.70 9.28 N. Africa 8/ 14.09 17.23 22.16 2.38 41.44 0.60 11.45 Pakistan 4.02 23.30 0.05 0.60 23.90 0.85 2.62 Southeast Asia 9/ 4.66 0.00 15.76 3.04 15.68 0.77 3.98 Selected Other 0.00 India 19.95 94.88 0.02 3.40 83.82 6.82 24.20 FSU-12 27.03 77.42 7.23 20.96 71.80 25.50 14.38 Russia 10.90 37.72 1.17 11.90 33.55 11.29 4.95 Kazakhstan 6.18 9.84 0.01 2.00 6.80 6.29 2.94 Ukraine 5.36 15.76 0.05 3.30 11.80 7.19 2.18 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to di fferences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada , and the European Union. 5/ Tr ade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and South east Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, a nd Oman. 8/ Algeria, Egypt, Li bya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2014 WASDE - 526 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2013/14 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Jan 176.13 712.66 152.70 136.32 703.39 158.58 185.40 Feb 175.84 711.89 152.00 135.02 703.99 159.39 183.73 United States Jan 19.54 57.96 4.35 6.80 34.69 30.62 16.55 Feb 19.54 57.96 4.63 6.80 34.96 31.98 15.19 Total Foreign Jan 156.60 654.70 148.35 129.52 668.71 127.96 168.85 Feb 156.31 653.92 147.37 128.22 669.04 127.41 168.55 Major Exporters 4/ Jan 19.97 217.40 5.12 58.80 142.55 72.50 27.43 Feb 19.67 217.37 4.62 57.80 141.55 73.00 27.10 Argentina Jan 0.59 10.50 0.01 0.10 6.05 4.00 1.05 Feb 0.29 10.50 0.01 0.10 6.05 3.00 1.75 Australia Jan 4.24 26.50 0.12 3.20 6.55 19.50 4.81 Feb 4.24 26.50 0.12 3.20 6.55 19.50 4.81 Canada Jan 5.06 37.50 0.49 5.00 10.20 23.00 9.85 Feb 5.05 37.50 0.49 5.00 10.20 23.00 9.84 European Union 5/ Jan 10.08 142.90 4.50 50.50 119.75 26.00 11.73 Feb 10.08 142.87 4.00 49.50 118.75 27.50 10.70 Major Importers 6/ Jan 84.30 194.37 85.46 35.51 268.02 5.06 91.06 Feb 84.30 194.62 85.06 35.51 268.02 5.36 90.61 Brazil Jan 1.00 4.75 7.70 0.60 11.40 0.50 1.55 Feb 1.00 5.30 7.40 0.60 11.40 0.50 1.80 China Jan 53.96 122.00 8.50 25.00 125.50 1.00 57.96 Feb 53.96 122.00 8.50 25.00 125.50 1.00 57.96 Sel. Mideast 7/ Jan 9.28 18.89 19.06 3.08 35.44 0.64 11.15 Feb 9.28 18.89 19.06 3.08 35.44 0.64 11.15 N. Africa 8/ Jan 11.45 20.61 22.90 2.68 42.66 0.58 11.73 Feb 11.45 20.31 22.90 2.68 42.66 0.58 11.43 Pakistan Jan 2.62 24.00 0.90 0.60 24.00 0.50 3.02 Feb 2.62 24.00 0.80 0.60 24.00 0.60 2.82 Southeast Asia 9/ Jan 3.98 0.00 15.90 2.56 15.72 0.74 3.42 Feb 3.98 0.00 15.90 2.56 15.72 0.74 3.42 Selected Other India Jan 24.20 92.46 0.02 3.50 89.98 6.50 20.20 Feb 24.20 92.46 0.02 3.50 89.98 6.50 20.20 FSU-12 Jan 14.37 105.02 6.98 23.94 74.48 35.25 16.64 Feb 14.38 103.83 6.91 23.84 74.38 33.90 16.85 Russia Jan 5.18 52.10 0.50 13.50 35.00 16.50 6.28 Feb 4.95 52.07 0.50 13.50 35.00 16.50 6.02 Kazakhstan Jan 2.72 15.50 0.01 2.50 7.30 8.00 2.93 Feb 2.94 13.94 0.01 2.50 7.30 6.50 3.09 Ukraine Jan 2.18 22.00 0.10 3.50 11.50 10.00 2.78 Feb 2.18 22.28 0.10 3.50 11.50 10.00 3.06 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to di fferences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada , and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and South east Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, a nd Oman. 8/ Algeria, Egypt, Li bya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2014 WASDE - 526 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2011/12 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 166.28 1,151.28 128.14 657. 76 1,152.14 146.69 165.42 United States 32.29 323.73 2.88 119.88 290.05 41.03 27.82 Total Foreign 133.99 827.56 125.27 537.88 862.09 105.66 137.60 Major Exporters 4/ 24.96 154.42 2.13 74.77 101.71 60.65 19.15 Argentina 5.68 30.11 0.01 6.85 10.51 23.86 1.43 Australia 1.54 12.26 0.00 4.36 5.94 6.92 0.94 Brazil 10.61 75.88 1.09 45.54 53.74 24.34 9.51 Canada 3.55 22.92 0.90 13.04 20.28 3.70 3.40 Major Importers 5/ 37.24 229.53 92.00 235.25 313.30 7.81 37.67 European Union 6/ 16.73 149.88 6.95 113.24 151.46 6.53 15.58 Japan 1.18 0.18 17.73 13.18 17.99 0.00 1.09 Mexico 2.04 25.69 12.81 21.42 37.99 0.69 1.86 N. Afr & Mideast 7/ 10.51 28.01 25.01 44.29 51.86 0.23 11.45 Saudi Arabia 1.65 0.45 10.53 9.13 9.50 0.00 3.13 Southeast Asia 8/ 3.05 25.08 6.75 23.96 31.87 0.36 2.65 South Korea 1.64 0.21 7.73 5.73 8.03 0.00 1.54 Selected Other 0.00 China 50.13 199.30 7.92 132.40 196.99 0.13 60.23 FSU-12 5.50 78.67 1.05 38.67 54.38 24.61 6.22 Russia 1.88 33.08 0.41 18.10 27.73 5.82 1.81 Ukraine 2.15 33.48 0.10 11.70 15.56 17.74 2.42 2012/13 Est. Beginnin g Stock s Productio n Import sDomesti c FeedDomesti c Total 2 / Export s Endin g Stock s World 3/ 165.42 1,132.67 128.07 667. 52 1,134.31 122.25 163.79 United States 27.82 286.01 6.70 115.61 276.27 20.73 23.53 Total Foreign 137.60 846.67 121.37 551.91 858.04 101.52 140.26 Major Exporters 4/ 19.15 169.26 1.92 75.52 103.57 61.88 24.89 Argentina 1.43 37.05 0.01 7.49 11.65 23.88 2.95 Australia 0.94 11.17 0.00 3.63 5.21 6.06 0.84 Brazil 9.51 83.77 1.26 46.34 55.09 25.03 14.42 Canada 3.40 24.43 0.52 13.04 20.27 4.99 3.09 Major Importers 5/ 37.67 227.58 91.70 238.93 317.60 8.05 31.30 European Union 6/ 15.58 145.90 11.84 114.48 153.50 7.36 12.46 Japan 1.09 0.18 17.74 13.22 18.03 0.00 0.98 Mexico 1.86 28.88 7.60 19.33 36.20 0.52 1.62 N. Afr & Mideast 7/ 11.45 27.18 23.30 45.58 52.77 0.07 9.10 Saudi Arabia 3.13 0.35 10.69 10.65 11.13 0.00 3.03 Southeast Asia 8/ 2.65 24.82 7.81 24.96 32.87 0.11 2.30 South Korea 1.54 0.21 8.27 6.53 8.64 0.00 1.39 Selected Other 0.00 China 60.23 212.92 5.60 146.15 212.27 0.11 66.37 FSU-12 6.22 69.08 0.78 36.06 50.93 19.93 5.22 Russia 1.81 28.66 0.31 16.40 25.13 4.30 1.35 Ukraine 2.42 29.53 0.08 10.83 14.56 15.00 2.47 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjust ed to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in som e countries. 4/ Argentina, Australia, Canada, Brazil, a nd South Africa. 5/ The European Union, Me xico, Japan, selected North Africa and Midd le East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes in tra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, M orocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2014 WASDE - 526 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2013/14 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Jan 162.48 1,259.20 136.91 731. 83 1,227.74 142.97 193.94 Feb 163.79 1,260.01 140.51 737. 47 1,232.72 146.20 191.08 United States Jan 23.53 369.43 3.25 140.83 310.67 41.15 44.40 Feb 23.53 369.43 3.19 140.77 310.61 44.96 40.59 Total Foreign Jan 138.95 889.77 133.67 591.00 917.07 101.82 149.55 Feb 140.26 890.58 137.32 596.70 922.11 101.25 150.49 Major Exporters 4/ Jan 23.69 162.04 1.87 79.92 110.28 55.41 21.91 Feb 24.89 161.05 1.86 81.22 111.37 54.71 21.71 Argentina Jan 2.23 34.81 0.01 7.60 12.46 22.51 2.08 Feb 2.95 33.82 0.01 7.69 12.45 21.51 2.82 Australia Jan 0.72 12.19 0.00 4.49 6.16 5.65 1.09 Feb 0.84 12.19 0.00 4.29 5.96 6.15 0.91 Brazil Jan 14.31 72.81 1.21 48.36 58.16 20.01 10.16 Feb 14.42 72.81 1.21 48.36 58.16 20.01 10.27 Canada Jan 3.09 28.74 0.55 14.34 21.94 5.23 5.21 Feb 3.09 28.74 0.54 15.74 23.24 5.03 4.10 Major Importers 5/ Jan 31.17 246.30 97.31 250.63 330.97 9.58 34.23 Feb 31.30 246.60 100.33 253.85 333.99 9.38 34.85 European Union 6/ Jan 12.46 158.71 9.38 118.45 158.07 8.76 13.73 Feb 12.46 159.04 10.88 120.45 160.07 8.26 14.05 Japan Jan 0.98 0.19 18.54 13.92 18.73 0.00 0.97 Feb 0.98 0.18 18.54 13.92 18.73 0.00 0.97 Mexico Jan 1.62 29.44 12.25 22.72 39.99 0.30 3.03 Feb 1.62 29.64 12.25 22.72 39.99 0.30 3.23 N. Afr & Mideast 7/ Jan 9.03 30.96 23.48 47.12 54.59 0.29 8.60 Feb 9.10 30.74 24.11 47.74 55.01 0.29 8.64 Saudi Arabia Jan 3.07 0.35 11.90 11.03 11.60 0.00 3.72 Feb 3.03 0.35 12.00 11.03 11.60 0.00 3.78 Southeast Asia 8/ Jan 2.18 26.37 8.22 26.17 34.17 0.24 2.36 Feb 2.30 26.37 8.52 26.27 34.27 0.54 2.38 South Korea Jan 1.42 0.21 9.09 7.05 9.32 0.00 1.40 Feb 1.39 0.21 9.59 7.55 9.82 0.00 1.37 Selected Other China Jan 66.37 223.78 10.08 159.75 227.68 0.13 72.42 Feb 66.37 224.18 10.58 160.35 228.48 0.13 72.52 FSU-12 Jan 5.24 86.56 0.86 41.30 57.73 26.74 8.19 Feb 5.22 87.62 0.86 41.32 57.65 27.54 8.51 Russia Jan 1.35 35.05 0.35 19.40 29.20 5.11 2.44 Feb 1.35 34.73 0.35 19.00 28.72 5.61 2.11 Ukraine Jan 2.47 38.97 0.08 12.53 16.65 20.68 4.19 Feb 2.47 39.92 0.08 12.53 16.63 21.18 4.65 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjust ed to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Uni on, Mexico, Japan, selected No rth Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Al geria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tuni sia, and Turkey. 8/ Indonesia, Malaysia, Philippi nes, Thailand, and Vietnam. February 2014 WASDE - 526 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2011/12 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 /ExportsEnding Stocks World 3/ 129.30 885.99 99.92 507.05 882.52 116.97 132.76 United States 28.64 313.95 0.75 115.74 279.03 39.18 25.12 Total Foreign 100.65 572.04 99.17 391.31 603.49 77.79 107.64 Major Exporters 4/ 17.82 106.76 0.79 52.75 68.20 43.30 13.88 Argentina 4.13 21.00 0.01 4.80 7.00 17.15 0.99 Brazil 10.28 73.00 0.77 43.00 50.50 24.34 9.21 South Africa 3.42 12.76 0.01 4.95 10.70 1.81 3.68 Major Importers 5/ 13.29 117.47 58.04 121.09 169.14 4.35 15.32 Egypt 1.27 5.50 7.15 9.70 11.70 0.01 2.22 European Union 6/ 5.22 68.12 6.11 54.00 69.50 3.29 6.67 Japan 0.62 0.00 14.89 10.40 14.90 0.00 0.61 Mexico 1.11 18.73 11.17 13.20 29.00 0.69 1.32 Southeast Asia 7/ 3.05 25.03 6.74 23.90 31.80 0.36 2.64 South Korea 1.59 0.07 7.64 5.69 7.82 0.00 1.48 Selected Other 0.00 Canada 1.26 11.36 0.87 6.40 11.64 0.49 1.37 China 49.42 192.78 5.23 131.00 188.00 0.09 59.34 FSU-12 1.90 34.12 0.33 13.95 16.42 17.49 2.45 Ukraine 1.12 22.84 0.05 6.50 7.80 15.16 1.05 2012/13 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ ExportsEnding Stocks World 3/ 132.76 862.85 98.64 515.71 861.61 94.47 134.00 United States 25.12 273.83 4.13 110.12 263.64 18.58 20.86 Total Foreign 107.64 589.01 94.52 405.59 597.97 75.89 113.14 Major Exporters 4/ 13.88 119.87 0.93 53.95 70.35 45.40 18.92 Argentina 0.99 26.50 0.01 5.00 7.60 18.50 1.40 Brazil 9.21 81.00 0.90 44.00 52.00 25.00 14.11 South Africa 3.68 12.37 0.03 4.95 10.75 1.90 3.42 Major Importers 5/ 15.32 111.14 56.76 119.18 168.04 2.83 12.36 Egypt 2.22 5.80 5.06 9.70 11.70 0.01 1.37 European Union 6/ 6.67 58.86 11.35 53.00 69.30 2.19 5.38 Japan 0.61 0.00 14.41 10.00 14.50 0.00 0.52 Mexico 1.32 21.59 5.68 11.00 27.00 0.52 1.06 Southeast Asia 7/ 2.64 24.76 7.79 24.90 32.80 0.10 2.30 South Korea 1.48 0.08 8.17 6.48 8.42 0.00 1.32 Selected Other 0.00 Canada 1.37 13.06 0.48 6.28 11.61 1.75 1.55 China 59.34 205.61 2.70 144.00 202.00 0.08 65.57 FSU-12 2.45 32.40 0.32 15.62 18.19 15.00 1.97 Ukraine 1.05 20.92 0.05 6.80 8.10 12.73 1.20 1/ Aggregate of local marketing years. 2/ Total forei gn and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Mala ysia, Philippines, Thailand, and Vietnam. February 2014 WASDE - 526 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2013/14 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Jan 132.98 966.92 106.75 569.50 939.66 111.31 160.23 Feb 134.00 966.63 109.92 573.53 943.33 114.42 157.30 United States Jan 20.86 353.72 0.89 134.63 297.19 36.83 41.44 Feb 20.86 353.72 0.89 134.63 297.19 40.64 37.63 Total Foreign Jan 112.12 613.20 105.86 434.88 642.47 74.48 118.79 Feb 113.14 612.92 109.04 438.90 646.13 73.78 119.67 Major Exporters 4/ Jan 18.08 108.00 0.84 56.10 74.00 39.00 13.91 Feb 18.92 107.00 0.84 56.10 74.00 38.00 14.76 Argentina Jan 0.90 25.00 0.01 5.00 8.00 17.00 0.91 Feb 1.40 24.00 0.01 5.00 8.00 16.00 1.41 Brazil Jan 14.01 70.00 0.80 46.00 55.00 20.00 9.81 Feb 14.11 70.00 0.80 46.00 55.00 20.00 9.91 South Africa Jan 3.17 13.00 0.03 5.10 11.00 2.00 3.19 Feb 3.42 13.00 0.03 5.10 11.00 2.00 3.44 Major Importers 5/ Jan 12.20 118.43 62.70 125.90 176.23 3.55 13.57 Feb 12.36 118.43 66.00 129.30 179.63 3.35 13.82 filler filler filler filler filler filler filler Egypt Jan 1.31 5.60 5.70 9.70 11.70 0.01 0.90 Feb 1.37 5.60 6.20 10.00 12.00 0.01 1.16 European Union 6/ Jan 5.38 64.69 9.00 53.50 70.50 3.00 5.56 Feb 5.38 64.69 10.50 55.50 72.50 2.50 5.56 Japan Jan 0.52 0.00 15.50 11.00 15.50 0.00 0.52 Feb 0.52 0.00 15.50 11.00 15.50 0.00 0.52 Mexico Jan 1.06 21.70 11.00 14.50 31.00 0.30 2.46 Feb 1.06 21.70 11.50 15.00 31.50 0.30 2.46 Southeast Asia 7/ Jan 2.17 26.32 8.20 26.10 34.10 0.24 2.35 Feb 2.30 26.32 8.50 26.20 34.20 0.54 2.38 South Korea Jan 1.36 0.08 9.00 7.00 9.10 0.00 1.34 Feb 1.32 0.08 9.50 7.50 9.60 0.00 1.31 Selected Other Canada Jan 1.55 14.20 0.50 7.00 12.50 1.50 2.25 Feb 1.55 14.20 0.50 7.50 12.90 1.50 1.85 China Jan 65.57 217.00 5.00 156.00 216.00 0.10 71.47 Feb 65.57 217.00 5.00 156.00 216.00 0.10 71.47 FSU-12 Jan 1.97 45.56 0.32 19.27 22.24 20.84 4.77 Feb 1.97 46.21 0.32 19.02 21.99 21.84 4.68 Ukraine Jan 1.20 30.00 0.05 8.50 10.10 18.00 3.15 Feb 1.20 30.90 0.05 8.50 10.10 18.50 3.55 1/ Aggregate of local marketing years. 2/ Total foreign a nd world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not ba lance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Ar gentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast As ia. 6/ Trade excludes intra-tr ade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2014 WASDE - 526 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2011/12 Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ 98.64 465.82 35.59 460.05 39.12 104.41 United States 1.51 5.87 0.62 3.49 3.20 1.30 Total Foreign 97.12 459.95 34.98 456.55 35.92 103.10 Major Exporters 4/ 31.36 159.12 0.75 125.93 28.49 36.81 India 23.50 105.31 0.00 93.33 10.38 25.10 Pakistan 0.30 6.20 0.05 2.55 3.46 0.55 Thailand 5.62 20.46 0.60 10.40 6.95 9.33 Vietnam 1.94 27.15 0.10 19.65 7.72 1.83 Major Importers 5/ 12.37 62.21 14.14 76.96 1.21 10.55 Brazil 0.80 7.89 0.73 7.93 0.95 0.54 European Union 6/ 1.22 2.11 1.30 3.30 0.21 1.12 Indonesia 6.18 36.50 1.96 39.55 0.00 5.09 Nigeria 0.54 2.88 3.20 5.60 0.00 1.02 Philippines 2.46 10.71 1.20 12.86 0.00 1.51 Sel. Mideast 7/ 1.13 1.67 3.93 5.78 0.02 0.93 Selected Other 0.00 Burma 0.51 10.82 0.00 10.20 0.69 0.43 C. Amer & Carib 8/ 0.35 1.70 1.52 3.14 0.00 0.43 China 42.57 140.70 1.79 139.60 0.44 45.02 Egypt 0.12 4.25 0.34 3.62 0.60 0.49 Japan 2.71 7.65 0.64 8.05 0.20 2.75 Mexico 0.22 0.11 0.65 0.83 0.00 0.15 South Korea 1.03 4.22 0.38 4.91 0.00 0.73 2012/13 Est. Beginning Stocks Production ImportsTotal /2 Domestic ExportsEnding Stocks World 3/ 104.41 469.51 36.20 467.07 38.65 106.85 United States 1.30 6.34 0.67 3.75 3.40 1.16 Total Foreign 103.10 463.17 35.53 463.32 35.25 105.69 Major Exporters 4/ 36.81 158.10 0.75 127.10 27.90 40.66 India 25.10 104.40 0.00 93.50 10.90 25.10 Pakistan 0.55 5.80 0.05 2.50 3.50 0.40 Thailand 9.33 20.20 0.60 10.60 6.70 12.83 Vietnam 1.83 27.70 0.10 20.50 6.80 2.33 Major Importers 5/ 10.55 62.60 13.34 76.85 0.95 8.69 Brazil 0.54 7.99 0.70 7.85 0.70 0.68 European Union 6/ 1.12 2.10 1.39 3.35 0.20 1.06 Indonesia 5.09 36.55 0.65 39.20 0.00 3.09 Nigeria 1.02 2.37 2.90 5.40 0.00 0.89 Philippines 1.51 11.43 1.40 12.85 0.00 1.49 Sel. Mideast 7/ 0.93 1.67 4.58 5.98 0.02 1.18 Selected Other 0.00 Burma 0.43 10.67 0.00 10.20 0.75 0.15 C. Amer & Carib 8/ 0.43 1.57 1.43 3.04 0.00 0.38 China 45.02 143.00 3.10 144.00 0.34 46.78 Egypt 0.49 4.68 0.05 3.90 0.85 0.46 Japan 2.75 7.76 0.69 8.25 0.20 2.74 Mexico 0.15 0.13 0.73 0.84 0.00 0.17 South Korea 0.73 4.01 0.51 4.61 0.00 0.63 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World impor ts and exports may not balance due to differen ces in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philipp ines, selected Middle East, and the EU-27. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ C entral American and Caribbean countries. February 2014 WASDE - 526 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2013/14 Proj. Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ Jan 107.12 471.15 37.99 473.08 40.16 105.18 Feb 106.85 471.51 38.11 473.33 40.39 105.03 United States Jan 1.16 6.05 0.67 3.82 3.16 0.90 filler filler filler filler filler filler Feb 1.16 6.12 0.67 3.84 3.22 0.88 Total Foreign Jan 105.96 465.10 37.33 469.26 37.00 104.28 filler filler filler filler filler filler Feb 105.69 465.40 37.45 469.49 37.17 104.16 Major Exporters 4/ Jan 40.86 157.60 0.70 128.80 29.40 40.96 Feb 40.66 157.60 0.70 128.80 29.40 40.76 India Jan 25.10 103.00 0.00 95.00 10.00 23.10 Feb 25.10 103.00 0.00 95.00 10.00 23.10 filler filler filler filler filler filler Pakistan Jan 0.60 6.40 0.00 2.60 3.40 1.00 Feb 0.40 6.40 0.00 2.60 3.40 0.80 Thailand Jan 12.83 20.50 0.60 10.70 8.50 14.73 Feb 12.83 20.50 0.60 10.70 8.50 14.73 Vietnam Jan 2.33 27.70 0.10 20.50 7.50 2.13 Feb 2.33 27.70 0.10 20.50 7.50 2.13 Major Importers 5/ Jan 8.69 64.84 13.97 78.37 1.20 7.93 Feb 8.69 64.84 13.97 78.37 1.20 7.93 Brazil Jan 0.68 8.30 0.75 7.95 0.95 0.83 filler filler filler filler filler filler Feb 0.68 8.30 0.75 7.95 0.95 0.83 European Union 6/ Jan 1.06 2.08 1.35 3.40 0.20 0.88 Feb 1.06 2.08 1.35 3.40 0.20 0.88 Indonesia Jan 3.09 37.70 1.50 39.80 0.00 2.49 Feb 3.09 37.70 1.50 39.80 0.00 2.49 Nigeria Jan 0.89 2.77 3.00 6.00 0.00 0.66 Feb 0.89 2.77 3.00 6.00 0.00 0.66 Philippines Jan 1.49 11.64 1.40 12.85 0.00 1.68 Feb 1.49 11.64 1.40 12.85 0.00 1.68 Sel. Mideast 7/ Jan 1.18 1.83 4.30 6.10 0.02 1.19 Feb 1.18 1.83 4.30 6.10 0.02 1.19 Selected Other Burma Jan 0.15 11.00 0.00 10.25 0.75 0.15 Feb 0.15 11.00 0.00 10.25 0.75 0.15 C. Amer & Carib 8/ Jan 0.38 1.66 1.56 3.21 0.00 0.39 Feb 0.38 1.66 1.56 3.21 0.00 0.39 China Jan 46.78 141.50 3.40 146.00 0.35 45.33 Feb 46.78 141.50 3.40 146.00 0.35 45.33 Egypt Jan 0.46 4.85 0.03 4.00 0.85 0.49 Feb 0.46 4.85 0.03 4.00 0.85 0.49 Japan Jan 2.75 7.72 0.70 8.15 0.20 2.82 Feb 2.74 7.83 0.70 8.25 0.20 2.82 Mexico Jan 0.17 0.13 0.75 0.86 0.00 0.19 Feb 0.17 0.14 0.75 0.86 0.00 0.19 South Korea Jan 0.72 4.23 0.41 4.50 0.00 0.86 Feb 0.63 4.23 0.41 4.50 0.00 0.77 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-27. 6/ Tr ade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. February 2014 WASDE - 526 - 26 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2011/12 Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World 50.23 126.64 45.02 102.81 46.06 -0.30 73.32 United States 2.60 15.57 0.02 3.30 11.71 -0.17 3.35 Total Foreign 47.63 111.07 45.00 99.51 34.35 -0.12 69.97 Major Exporters 4/ 27.71 56.96 1.09 28.22 28.84 -0.31 29.00 Central Asia 5/ 2.63 6.81 0.03 2.12 4.21 0.03 3.11 Afr. Fr. Zone 6/ 0.56 3.21 3 / 0.19 2.44 0.00 1.14 S. Hemis 7/ 12.40 16.29 0.16 5.14 10.69 -0.35 13.38 Australia 2.64 5.50 3 / 0.04 4.64 -0.23 3.68 Brazil 7.91 8.70 0.03 4.00 4.79 -0.15 7.99 India 11.80 29.00 0.60 19.40 11.08 0.00 10.92 Major Importers 8/ 18.19 50.96 41.07 67.60 3.35 0.19 39.09 Mexico 0.60 1.18 1.00 1.70 0.34 0.03 0.71 China 10.60 34.00 24.53 38.00 0.06 0.00 31.08 European Union 9/ 0.57 1.60 0.86 0.89 1.39 0.05 0.69 Turkey 1.32 3.44 2.38 5.60 0.30 0.00 1.24 Pakistan 2.52 10.60 0.90 10.00 1.16 0.03 2.84 Indonesia 0.45 0.03 2.30 2.25 0.01 0.05 0.48 Thailand 0.32 3 / 1.26 1.30 0.00 0.03 0.26 Bangladesh 0.84 0.09 3.20 3.30 0.00 0.01 0.82 Vietnam 0.34 0.02 1.63 1.68 0.00 0.00 0.32 2012/13 Est. Beginning Stocks Production ImportsDomestic Use ExportsLoss /2 Ending Stocks World 73.32 123.07 45.95 106.35 46.71 0.12 89.16 United States 3.35 17.32 0.01 3.50 13.03 0.25 3.90 Total Foreign 69.97 105.76 45.94 102.85 33.68 -0.13 85.26 Major Exporters 4/ 29.00 53.51 1.61 30.61 29.02 -0.32 24.81 Central Asia 5/ 3.11 7.27 0.01 2.33 5.34 0.03 2.69 Afr. Fr. Zone 6/ 1.14 4.23 3 / 0.19 3.96 0.00 1.23 S. Hemis 7/ 13.38 12.30 0.17 5.17 11.55 -0.35 9.49 Australia 3.68 4.60 3 / 0.04 6.17 -0.23 2.29 Brazil 7.99 6.00 0.07 4.10 4.31 -0.15 5.80 India 10.92 28.50 1.20 21.80 7.75 0.00 11.07 Major Importers 8/ 39.09 49.65 41.53 68.58 2.79 0.19 58.73 Mexico 0.71 1.09 0.95 1.80 0.23 0.03 0.70 China 31.08 35.00 20.33 36.00 0.05 0.00 50.36 European Union 9/ 0.69 1.51 0.93 0.91 1.58 0.05 0.58 Turkey 1.24 2.60 3.69 6.00 0.22 0.00 1.32 Pakistan 2.84 9.30 2.20 11.00 0.45 0.03 2.86 Indonesia 0.48 0.03 2.60 2.55 0.01 0.05 0.50 Thailand 0.26 3 / 1.51 1.48 0.01 0.03 0.27 Bangladesh 0.82 0.11 3.60 3.60 0.00 0.01 0.92 Vietnam 0.32 0.02 2.41 2.25 0.00 0.00 0.49 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing ch annel; for Australia, Brazil, China, and the United States, refl ects the difference between implicit stocks based on supply less total use and indicated ending st ocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Ky rgyzstan, Tajikistan, Turkmenist an, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Co te d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Pa raguay, South Africa, Tanzania, and Zimbabwe . 8/ In addition to the countries and reg ions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiw an. 9/ Includes intra-EU trade. February 2014 WASDE - 526 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2013/14 Proj. Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World Jan 89.17 117.81 38.45 109.50 38.47 -0.14 97.61 Feb 89.16 116.67 38.45 109.48 38.47 -0.14 96.47 United States Jan 3.90 13.19 0.01 3.60 10.50 0.00 3.00 Feb 3.90 13.19 0.01 3.60 10.50 0.00 3.00 Total Foreign Jan 85.27 104.62 38.44 105.90 27.97 -0.14 94.61 Feb 85.26 103.48 38.44 105.88 27.97 -0.14 93.47 filler filler filler filler filler filler filler Major Exporters 4/ Jan 24.82 54.72 1.70 31.94 23.67 -0.33 25.96 Feb 24.81 54.64 1.70 31.94 23.57 -0.33 25.97 Central Asia 5/ Jan 2.69 6.83 0.01 2.41 4.60 0.03 2.50 Feb 2.69 6.83 0.01 2.41 4.60 0.03 2.50 Afr. Fr. Zone 6/ Jan 1.23 3.98 3 / 0.19 3.77 0.00 1.25 Feb 1.23 4.13 3 / 0.19 3.85 0.00 1.32 S. Hemis 7/ Jan 9.50 13.86 0.19 5.29 7.45 -0.36 11.17 Feb 9.49 13.64 0.19 5.29 7.27 -0.36 11.11 Australia Jan 2.29 4.50 3 / 0.04 4.00 -0.23 2.97 Feb 2.29 4.10 3 / 0.04 3.90 -0.23 2.67 Brazil Jan 5.80 7.40 0.08 4.20 2.50 -0.15 6.73 Feb 5.80 7.40 0.08 4.20 2.40 -0.15 6.83 India Jan 11.07 29.00 1.10 23.00 7.50 0.00 10.67 Feb 11.07 29.00 1.10 23.00 7.50 0.00 10.67 filler filler filler filler filler filler filler Major Importers 8/ Jan 58.73 47.35 33.71 70.25 2.43 0.19 66.93 Feb 58.73 46.30 33.71 70.25 2.53 0.19 65.78 Mexico Jan 0.70 0.79 1.10 1.85 0.10 0.03 0.62 Feb 0.70 0.79 1.10 1.85 0.10 0.03 0.62 China Jan 50.36 33.00 11.00 36.00 0.05 0.00 58.31 Feb 50.36 32.00 11.00 36.00 0.05 0.00 57.31 European Union 9/ Jan 0.58 1.45 0.90 0.91 1.39 0.05 0.58 Feb 0.58 1.60 0.90 0.91 1.49 0.05 0.63 Turkey Jan 1.32 2.25 4.10 6.20 0.15 0.00 1.32 Feb 1.32 2.25 4.10 6.20 0.15 0.00 1.32 Pakistan Jan 2.86 9.70 2.50 11.50 0.50 0.03 3.04 Feb 2.86 9.50 2.50 11.50 0.50 0.03 2.84 Indonesia Jan 0.50 0.03 2.70 2.65 0.01 0.05 0.53 Feb 0.50 0.03 2.70 2.65 0.01 0.05 0.53 Thailand Jan 0.27 3 / 1.65 1.60 0.01 0.03 0.29 Feb 0.27 3 / 1.65 1.60 0.01 0.03 0.29 Bangladesh Jan 0.92 0.12 3.70 3.80 0.00 0.01 0.93 Feb 0.92 0.12 3.70 3.80 0.00 0.01 0.93 Vietnam Jan 0.49 0.02 2.80 2.70 0.00 0.00 0.61 Feb 0.49 0.02 2.80 2.70 0.00 0.00 0.61 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing ch annel; for Australia, Brazil, China, and the United States, refl ects the difference between implicit stocks based on supply less total use a nd indicated ending stocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenist an, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions liste d, includes Hong Kong, Japan, Russia, South Kor ea, and Taiwan. 9/ Includes intra-EU trade. February 2014 WASDE - 526 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2011/12 Beginning StocksProduction Imports Domestic CrushDomestic TotalExports Ending Stocks World 2/ 70.31 239.16 93.43 227.83 257.20 92.27 53.42 United States 5.85 84.19 0.44 46.35 48.72 37.15 4.61 Total Foreign 64.46 154.97 92.99 181.48 208.47 55.12 48.81 Major Exporters 3/ 45.86 113.37 0.15 74.94 79.96 49.86 29.56 Argentina 21.40 40.10 0.00 35.89 37.75 7.37 16.39 Brazil 23.64 66.50 0.13 38.08 41.03 36.32 12.92 Paraguay 0.80 4.04 0.02 0.95 1.08 3.57 0.21 Major Importers 4/ 15.82 17.04 83.48 82.16 98.85 0.36 17.12 China 14.54 14.49 59.23 60.97 72.07 0.28 15.91 European Union 0.54 1.22 12.07 12.25 13.23 0.06 0.54 Japan 0.16 0.22 2.76 1.96 3.01 0.00 0.13 Mexico 0.03 0.21 3.61 3.68 3.71 0.00 0.13 2012/13 Est. Beginnin g Stock s Productio n Import sDomesti c CrushDomesti c Total Export sEndin g Stock s World 2/ 53.42 268.27 95.28 228.94 258.48 99.85 58.65 United States 4.61 82.56 0.98 45.97 48.42 35.91 3.83 Total Foreign 48.81 185.71 94.30 182.98 210.06 63.94 54.82 Major Exporters 3/ 29.56 143.67 0.42 71.11 76.36 58.04 39.25 Argentina 16.39 49.30 0.00 33.61 35.55 7.74 22.40 Brazil 12.92 82.00 0.40 34.48 37.48 41.90 15.93 Paraguay 0.21 9.37 0.02 3.00 3.23 5.50 0.87 Major Importers 4/ 17.12 15.49 84.28 86.64 103.18 0.39 13.32 China 15.91 13.05 59.87 64.95 76.18 0.27 12.38 European Union 0.54 1.00 12.51 12.74 13.64 0.09 0.31 Japan 0.13 0.22 2.87 1.92 3.00 0.00 0.22 Mexico 0.13 0.25 3.35 3.65 3.69 0.00 0.05 2013/14 Proj. Beginnin g Stock s Productio n Import s Domesti c CrushDomesti c Total Export s Endin g Stock s World 2/ Jan 60.55 286.83 105.20 240.36 270.92 109.32 72.33 Feb 58.65 287.69 105.33 238.75 269.34 109.33 73.01 United States Jan 3.83 89.51 0.68 46.27 49.24 40.69 4.09 Feb 3.83 89.51 0.82 46.27 48.96 41.10 4.09 Total Foreign Jan 56.72 197.32 104.52 194.09 221.69 68.63 68.24 Feb 54.82 198.19 104.52 192.48 220.37 68.23 68.92 Major Exporters 3/ Jan 41.24 155.62 0.17 78.90 84.01 62.24 50.79 Feb 39.25 156.42 0.17 77.20 82.61 61.84 51.39 Argentina Jan 24.40 54.50 0.00 38.30 40.00 9.70 29.20 Feb 22.40 54.00 0.00 36.60 38.60 8.00 29.81 Brazil Jan 15.93 89.00 0.15 37.28 40.38 44.00 20.70 Feb 15.93 90.00 0.15 37.28 40.38 45.00 20.70 Paraguay Jan 0.87 9.00 0.02 3.30 3.53 5.50 0.86 Feb 0.87 9.30 0.02 3.30 3.53 5.80 0.86 Major Importers 4/ Jan 13.23 14.83 93.92 89.91 106.81 0.34 14.83 Feb 13.32 14.83 93.92 89.91 106.81 0.34 14.92 China Jan 12.39 12.20 69.00 68.35 79.65 0.23 13.71 Feb 12.38 12.20 69.00 68.35 79.65 0.23 13.70 European Union Jan 0.20 1.13 12.30 12.23 13.15 0.08 0.39 Feb 0.31 1.13 12.30 12.23 13.15 0.08 0.50 Japan Jan 0.22 0.21 2.86 2.02 3.09 0.00 0.20 Feb 0.22 0.21 2.86 2.02 3.09 0.00 0.20 Mexico Jan 0.05 0.28 3.65 3.85 3.89 0.00 0.09 Feb 0.05 0.28 3.65 3.85 3.89 0.00 0.09 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an Octobe r-September year. 2/ World i mports and exports may not balance due to differences in local marketing years and to time lags be tween reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japa n, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Phil ippines, Vietnam, and Thailand) . February 2014 WASDE - 526 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2011/12 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 8.52 180.20 56.74 177.21 58.31 9.93 United States 0.32 37.22 0.20 28.62 8.84 0.27 Total Foreign 8.20 142.98 56.55 148.59 49.47 9.66 Major Exporters 3/ 5.01 65.14 0.04 18.39 45.11 6.68 Argentina 2.43 27.95 0.00 0.96 26.04 3.38 Brazil 2.44 29.51 0.03 14.10 14.68 3.20 India 0.14 7.68 0.01 3.33 4.39 0.11 Major Importers 4/ 1.79 13.76 34.48 47.59 0.95 1.49 European Union 0.58 9.67 20.87 29.87 0.89 0.37 Southeast Asia 5/ 0.92 2.60 11.33 13.88 0.06 0.91 2012/13 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 9.93 180.44 54.00 176.79 57.16 10.42 United States 0.27 36.17 0.22 26.34 10.08 0.25 Total Foreign 9.66 144.27 53.78 150.45 47.08 10.17 Major Exporters 3/ 6.68 60.57 0.04 18.97 40.97 7.35 Argentina 3.38 26.09 0.00 1.07 23.67 4.73 Brazil 3.20 26.72 0.03 14.20 13.24 2.51 India 0.11 7.76 0.01 3.70 4.06 0.11 Major Importers 4/ 1.49 14.30 30.86 44.91 0.59 1.15 European Union 0.37 10.19 16.94 26.89 0.54 0.08 Southeast Asia 5/ 0.91 2.66 12.15 14.66 0.05 1.00 2013/14 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Jan 10.42 189.76 59.56 186.29 62.30 11.15 Feb 10.42 188.50 58.05 184.66 61.12 11.19 United States Jan 0.25 36.61 0.15 27.03 9.71 0.27 Feb 0.25 36.61 0.15 26.85 9.89 0.27 Total Foreign Jan 10.17 153.14 59.41 159.26 52.59 10.87 Feb 10.17 151.89 57.90 157.81 51.23 10.91 Major Exporters 3/ Jan 7.35 66.34 0.03 19.75 46.25 7.72 Feb 7.35 65.02 0.03 19.76 44.88 7.76 Argentina Jan 4.73 29.85 0.00 1.18 28.90 4.50 Feb 4.73 28.53 0.00 1.19 27.33 4.74 Brazil Jan 2.51 28.89 0.03 14.50 13.80 3.13 Feb 2.51 28.89 0.03 14.50 14.00 2.93 India Jan 0.11 7.60 0.01 4.07 3.55 0.10 Feb 0.11 7.60 0.01 4.07 3.55 0.10 Major Importers 4/ Jan 1.15 14.07 35.58 48.53 0.77 1.50 Feb 1.15 14.07 34.08 47.03 0.77 1.50 European Union Jan 0.08 9.83 20.60 29.43 0.70 0.37 Feb 0.08 9.83 19.10 27.93 0.70 0.37 Southeast Asia 5/ Jan 1.00 2.72 12.75 15.40 0.07 1.00 Feb 1.00 2.72 12.75 15.40 0.07 1.00 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Ar gentina, Brazil, and India. 4/ European Union, Southeast Asia , and Japan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. February 2014 WASDE - 526 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2011/12 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 3.73 42.56 8.03 41.93 8.49 3.90 United States 1.10 8.95 0.07 8.31 0.66 1.15 Total Foreign 2.63 33.60 7.97 33.63 7.82 2.75 Major Exporters 3/ 0.94 16.38 0.39 10.41 6.41 0.88 Argentina 0.30 6.84 0.00 3.02 3.79 0.33 Brazil 0.38 7.31 0.00 5.40 1.89 0.41 European Union 0.27 2.23 0.39 1.99 0.74 0.15 Major Importers 4/ 0.76 13.01 3.64 16.13 0.20 1.09 China 0.20 10.91 1.50 11.94 0.06 0.62 India 0.24 1.71 1.17 2.75 0.01 0.36 North Africa 5/ 0.32 0.39 0.97 1.43 0.13 0.11 2012/13 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 3.90 42.78 8.47 42.33 9.31 3.52 United States 1.15 8.99 0.09 8.48 0.98 0.77 Total Foreign 2.75 33.79 8.39 33.85 8.32 2.75 Major Exporters 3/ 0.88 15.30 0.40 9.47 6.51 0.61 Argentina 0.33 6.36 0.09 2.28 4.24 0.27 Brazil 0.41 6.62 0.01 5.54 1.25 0.24 European Union 0.15 2.32 0.30 1.65 1.01 0.10 Major Importers 4/ 1.09 13.76 3.75 17.02 0.21 1.37 China 0.62 11.63 1.41 12.55 0.08 1.02 India 0.36 1.73 1.09 2.95 0.00 0.23 North Africa 5/ 0.11 0.40 1.25 1.52 0.12 0.12 2013/14 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Jan 3.52 44.93 8.76 44.47 9.24 3.50 Feb 3.52 44.61 8.80 44.21 9.19 3.54 United States Jan 0.77 9.00 0.09 8.41 0.66 0.79 Feb 0.77 9.00 0.09 8.41 0.66 0.79 Total Foreign Jan 2.75 35.93 8.67 36.06 8.58 2.71 Feb 2.75 35.61 8.71 35.79 8.53 2.74 Major Exporters 3/ Jan 0.61 16.68 0.34 10.26 6.72 0.65 Feb 0.61 16.35 0.38 10.00 6.65 0.68 Argentina Jan 0.27 7.31 0.04 2.75 4.57 0.30 Feb 0.27 6.98 0.08 2.49 4.50 0.33 Brazil Jan 0.24 7.15 0.00 5.74 1.45 0.20 Feb 0.24 7.15 0.00 5.74 1.45 0.20 European Union Jan 0.10 2.22 0.30 1.77 0.70 0.15 Feb 0.10 2.22 0.30 1.77 0.70 0.15 Major Importers 4/ Jan 1.37 14.35 4.03 18.26 0.19 1.30 Feb 1.37 14.35 4.03 18.26 0.19 1.30 China Jan 1.02 12.25 1.47 13.65 0.06 1.02 Feb 1.02 12.25 1.47 13.65 0.06 1.02 India Jan 0.23 1.70 1.23 3.00 0.00 0.16 Feb 0.23 1.70 1.23 3.00 0.00 0.16 North Africa 5/ Jan 0.12 0.41 1.33 1.61 0.13 0.12 Feb 0.12 0.41 1.33 1.61 0.13 0.12 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and i mports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. February 2014 WASDE - 526 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Mea t 2/Broiler Turkey Total Poultry 3 /Red Meat & PoultryEgg Milk 4 / Million Pounds Mil doz Bil lbs 2012 Annual 25,913 23,253 49,439 37,039 5, 967 43,523 92,963 7,753 200.3 2013 I 6,172 5,777 12,016 9,143 1, 459 10,726 22,742 1,939 50.5 II 6,517 5,519 12,103 9,466 1, 486 11,087 23,190 1,965 52.0 III 6,608 5,624 12,299 9,682 1, 440 11,264 23,563 1,989 49.4 IV 6,420 6,278 12,765 9,524 1, 419 11,066 23,831 2,029 49.3 Annual Jan Est. 25,717 23,195 49,180 37,751 5, 810 44,082 93,262 7,918 201.3 Feb Est. 25,717 23,198 49,183 37,815 5, 804 44,143 93,326 7,922 201.2 2014 I* 5,825 5,895 11,783 9,400 1, 375 10,905 22,688 1,975 51.0 II* 6,260 5,560 11,884 9,825 1, 450 11,415 23,299 2,005 52.6 III* 6,235 5,670 11,967 9,925 1, 500 11,565 23,532 2,015 50.8 IV* 6,030 6,295 12,388 9,725 1, 525 11,380 23,768 2,065 51.3 Annual Jan Proj. 24,320 23,580 48,155 38,900 5, 895 45,330 93,485 8,060 205.6 Feb Proj. 24,350 23,420 48,022 38,875 5, 850 45,265 93,287 8,060 205.7 * Projection. 1/ Commercial production for red meats; federa lly inspected for poultry meats. 2/ Beef, pork, veal and lamb & mutton. 3/ Broile rs, turkeys and mature chicken. 4/ Milk production forecasts reflect change s in available data published by the National Agricultural Stati stics Service in its monthly Milk Production report beginning April 2013. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/Barrows and gilts 3/Broilers 4/Turkeys 5/Eggs 6/Milk 7/ Dol./cw t Dol./cw t Cents/lb. Cents/lb. Cents/doz. Dol./cw t 2012 Annual 122.86 60.88 86.6 105.6 117.4 18.53 2013 I 125.52 59.03 103.5 96.0 126.9 19.50 II 124.95 65.46 108.6 97.7 109.9 19.57 III 122.30 70.59 93.9 99.9 119.0 19.53 IV 130.77 61.11 92.8 105.4 143.0 21.43 Annual Jan Est. 125.89 64.05 99.7 99.8 124.7 19.99 Feb Est. 125.89 64.05 99.7 99.8 124.7 20.01 2014 I* 137-141 59-61 95-97 98-102 124-128 23.35-23.65 II* 132-140 64-68 95-101 97-103 107-113 21.45-22.05 III* 129-139 63-69 95-103 100-108 104-112 19.55-20.45 IV* 130-140 57-61 93-101 104-112 123-133 18.95-19.95 Annual Jan Proj. 129-138 60-64 92-99 98-104 110-118 20.60-21.40 Feb Proj. 132-140 61-65 94-101 100-106 114-122 20.85-21.55 *Projection. 1/ Simple average of months. 2/ 5-Area, Direct, Total all grades 3/ Na tional Base, Live equiv 51-52% lean. 4/ Whol esale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Gr ade A large, New York, volume buyers. 7/ Prices received by farmer s for all milk. February 2014 WASDE - 526 - 32 U.S. Meats Supply and Use Item Beginning stocksProduction 1/ ImportsTotal Supply ExportsEnding StocksTotal UsePer Capita 2/ 3/ Million Pounds /4 Beef 2012 600 25,996 2,220 28,815 2,453 608 25,755 57.4 2013 Est. Jan 608 25,800 2,254 28,662 2,534 595 25,533 56.5 Feb 608 25,800 2,250 28,658 2,583 582 25,493 56.4 2014 Proj. Jan 595 24,403 2,285 27,283 2,335 525 24,423 53.6 Feb 582 24,433 2,285 27,300 2,335 525 24,440 53.7 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2012 542 23,270 802 24,613 5,381 625 18,608 45.9 2013 Est. Jan 625 23,212 876 24,713 4,974 600 19,139 46.9 Feb 625 23,215 879 24,719 4,992 620 19,107 46.8 2014 Proj. Jan 600 23,597 880 25,077 5,180 600 19,297 47.0 Feb 620 23,437 880 24,937 5,140 620 19,177 46.7 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2012 1,162 49,553 3,175 53,890 7,844 1,259 44,787 104.5 2013 Est. Jan 1,259 49,293 3,301 53,853 7,516 1,222 45,115 104.6 Feb 1,259 49,296 3,302 53,857 7,582 1,231 45,044 104.4 2014 Proj. Jan 1,222 48,268 3,329 52,819 7,527 1,151 44,141 101.7 Feb 1,231 48,135 3,333 52,699 7,484 1,173 44,042 101.5 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2012 590 36,643 111 37,344 7,274 651 29,419 80.4 2013 Est. Jan 651 37,347 119 38,117 7,416 700 30,001 81.4 Feb 651 37,410 122 38,183 7,364 644 30,175 81.9 2014 Proj. Jan 700 38,484 112 39,296 7,550 665 31,081 83.7 Feb 644 38,459 112 39,215 7,500 650 31,065 83.7 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2012 211 5,889 24 6,124 798 296 5,030 16.0 2013 Est. Jan 296 5,734 22 6,052 767 255 5,030 15.9 Feb 296 5,728 22 6,046 758 238 5,050 16.0 2014 Proj. Jan 255 5,895 20 6,170 780 295 5,095 16.0 Feb 238 5,850 20 6,108 780 245 5,083 15.9 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2012 803 43,049 137 43,989 8,162 948 34,879 97.8 2013 Est. Jan 948 43,601 143 44,692 8,293 960 35,439 98.6 Feb 948 43,662 146 44,755 8,230 888 35,638 99.1 2014 Proj. Jan 960 44,913 134 46,007 8,440 963 36,604 101.0 Feb 888 44,848 134 45,870 8,390 898 36,582 101.0 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2012 1,965 92,601 3,312 97,879 16,006 2,207 79,666 202.3 2013 Est. Jan 2,207 92,895 3,444 98,545 15,809 2,182 80,554 203.2 Feb 2,207 92,958 3,448 98,613 15,812 2,119 80,682 203.6 2014 Proj. Jan 2,182 93,181 3,463 98,826 15,967 2,114 80,745 202.8 Feb 2,119 92,984 3,467 98,570 15,874 2,071 80,625 202.5 1/ Total including farm production for red meats and, for pou ltry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis. 3/ Population sour ce: Dept. of Commerce, Census Bureau. 4/ Carcass weight for red meats and certified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. February 2014 WASDE - 526 - 33 U.S. Egg Supply and Use Commodity 2011 2012 2013 Est. 2013 Est. 2014 Proj. 2014 Proj. Jan Feb Jan Feb Eggs Million Dozen Supply Beginning Stocks 19.3 27.7 20.8 20.8 25.0 23.0 Production 7,658.0 7,753.0 7,918.2 7 ,922.2 8,060.0 8,060.0 Imports 20.9 18.4 17.9 16.9 18.0 18.0 Total Supply 7,698.2 7,799.1 7,956.9 7 ,959.9 8,103.0 8,101.0 Use Exports 276.3 301.7 358.8 371.5 307.0 322.0 Hatching Use 951.8 936.6 956.6 954.0 985.0 985.0 Ending Stocks 27.7 20.8 25.0 23.0 22.0 22.0 Disappearance Total 6,442.3 6,540.1 6,616.5 6 ,611.4 6,789.0 6,772.0 Per Capita (number) 247.8 249.7 250.8 250.6 255.5 254.9 Total U.S. Milk Supply and Use Commodity 2011 2012 2013 Est. 2013 Est. 2014 Proj. 2014 Proj. Jan Feb Jan Feb Milk Billion Pounds Production 1/ 196.2 200.3 201.3 201.2 205.6 205.7 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 10.8 10.9 12.2 12.2 11.5 11.1 Marketings 195.2 199.4 200.3 200.2 204.7 204.7 Imports 3.5 4.1 3.8 3.7 3.7 3.7 Total Cml. Supply 209.5 214.3 216.4 216.2 219.9 219.5 Fat Basis Use Commercial Exports 9.4 8.8 12.2 12.4 11.2 11.5 Ending Commercial Stks 10.9 12.2 11.5 11.1 11.6 11.9 CCC Net Removals 2/ 0.0 0.0 0.0 0.0 0.0 0.0 Commercial Use 3/ 189.2 193.3 192.7 192.6 197.1 196.2 Skim-solid Basis Supply Beg. Commercial Stocks 12.2 11.8 12.4 12.4 11.8 11.6 Marketings 195.2 199.4 200.3 200.2 204.7 204.7 Imports 5.3 5.7 5.2 5.3 5.2 5.2 Total Cml. Supply 212.6 216.9 217.9 217.9 221.6 221.5 Skim-solid Basis Use Commercial Exports 32.5 33.3 38.7 38.6 38.5 38.2 Ending Commercial Stks 11.8 12.4 11.8 11.6 12.0 12.0 CCC Net Removals 2/ 0.0 0.0 0.0 0.0 0.0 0.0 Commercial Use 3/ 168.3 171.2 167.4 167.7 171.1 171.3 Filler Million Pounds CCC product net removals 2/ Butter 000000 Cheese 000000 Nonfat Dry Milk 000000 Dry Whole Milk 000000 Total Note: Totals may not add due to rounding. 1/ Milk production forecasts reflect changes in available data published by the National Agricultural Statistics Service in its monthly M ilk Production report beginning April 2013. 2/ Includes products exported under the Dairy Export Incentive Program. 3/ Domestic commercial use only. February 2014 WASDE - 526 - 34 U.S. Dairy Prices Commodity 2011 2012 2013 Est. 2013 Est. 2014 Proj. 2014 Proj. Jan Feb Jan Feb Product Prices 1/ Dollars Pe r Pound Cheese 1.8246 1.7076 1.7683 1.7683 1.760- 1.8401.815- 1.885 Butter 1.9498 1.5943 1.5451 1.5451 1.515- 1.6251.550- 1.650 Nonfat Dry Milk 1.5058 1.3279 1.7066 1.7066 1.805- 1.8651.785- 1.845 Dry Whey 0.5325 0.5935 0.5902 0.5902 0.550- 0.5800.560- 0.590 Filler Dollars Pe r Cwt Milk Prices 2/ Class III 18.37 17.44 17.99 17.99 17.80- 18.6018.35- 19.05 Class IV 19.04 16.01 19.05 19.05 19.80- 20.7019.80- 20.60 All Milk 3/ 20.14 18.53 19.99 20.01 20.60- 21.4020.85- 21.55 1/ Simple average of monthly prices calculated by AMS from w eekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deduc tions from producers as authorized by legislation. February 2014 WASDE - 526 - 35 Note: Tables on pages 35-37 present a record of the February projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that ch ances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0.6 percent. Chances are 9 out of 10 (90% confidence level) that the differe nce will not exceed 1.0 percent. The average difference between the February projection and the final estimate is 2.5 million tons, ranging from 0.0 million to 7. 3 million tons. The February projection has been belo w the estimate 24 times and above 8 times. Reliability of February Projections 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final WHEAT Percent Million Metric Tons Production Worl d 0.6 1.0 2.5 0.0 7.3 24 8 U.S. 0.1 0.2 0.0 0.0 0.3 12 9 Forei gn 0.7 1.1 2.5 0.0 7.3 24 8 Exports Worl d 5.0 8.4 4.7 0.1 18.8 24 8 U.S. 4.0 6.8 1.0 0.1 3.0 17 15 Forei gn 6.0 10.2 4.5 0.5 18.4 27 5 Domestic Use Worl d 1.1 1.9 5.0 0.1 15.6 15 17 U.S. 3.9 6.6 0.9 0.0 2.4 12 19 Forei gn 1.1 1.9 4.7 0.1 15.1 17 15 Ending Stocks Worl d 4.8 8.1 5.4 0.1 18.2 20 12 U.S. 8.8 14.9 1.3 0.0 4.5 20 12 Forei gn 5.3 9.1 4.8 0.3 17.0 19 13 COARSE GRAINS 2/ Production Worl d 1.2 2.0 8.8 0.0 26.0 26 6 U.S. 0.2 0.3 0.1 0.0 1.3 13 7 Forei gn 1.7 2.8 8.9 0.0 26.0 24 7 Exports Worl d 5.2 8.9 4.5 0.5 19.4 25 7 U.S. 10.1 17.1 3.6 0.1 12.2 14 18 Forei gn 9.4 15.9 4.4 0.1 23.4 23 9 Domestic Use Worl d 1.1 1.8 7.0 0.1 28.9 15 17 U.S. 3.1 5.3 4.1 0.2 17.3 13 19 Forei gn 1.2 2.0 6.5 0.5 22.2 20 12 Ending Stocks Worl d 9.8 16.6 11.7 0.2 29.9 27 5 U.S. 14.5 24.6 5.3 0.0 18.5 19 13 Forei gn 11.9 20.3 8.7 0.8 28.2 27 5 RICE, milled Production Worl d 1.6 2.8 4.3 0.1 14.0 24 8 U.S. 1.6 2.7 0.1 0.0 0.3 12 6 Forei gn 1.7 2.8 4.3 0.1 14.0 24 8 Exports Worl d 9.0 15.2 1.5 0.0 5.2 25 7 U.S. 7.5 12.8 0.2 0.0 0.6 17 13 Forei gn 10.0 17.0 1.4 0.0 5.0 24 8 Domestic Use Worl d 1.3 2.2 3.1 0.2 12.8 21 11 U.S. 7.3 12.3 0.2 0.0 0.4 13 19 Forei gn 1.3 2.2 3.1 0.1 13.0 21 11 Ending Stocks Worl d 8.5 14.4 3.7 0.2 13.9 25 7 U.S. 20.2 34.2 0.2 0.0 0.5 17 15 Forei gn 8.7 14.8 3.7 0.0 13.8 25 6 1/ Footnotes at end of table. CONTINUED February 2014 WASDE - 526 - 36 Reliability of February Projections (Continued) Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final SOYBEANS Percent Million Metric Tons Production World 2.8 4.8 3.9 0.4 15.3 20 12 U.S. 1.4 2.3 0.6 0.0 2.5 14 12 Foreign 4.8 8.1 3.9 0.3 14.8 21 11 Exports World 6.4 10.9 2.4 0.1 12.0 20 12 U.S. 7.2 12.2 1.5 0.2 4.3 20 12 Foreign 16.6 28.2 2.2 0.0 11.6 15 17 Domestic Use World 2.3 3.9 2.9 0.0 10.9 17 15 U.S. 3.1 5.2 1.1 0.0 3.0 22 10 Foreign 2.8 4.8 2.6 0.0 12.5 17 15 Ending Stocks World 14.8 25.1 3.3 0.0 19.3 19 13 U.S. 30.7 52.2 1.7 0.1 5.0 10 22 Foreign 16.3 27.7 2.9 0.2 14.2 21 11 COTTON Million 480-Pound Bales Production World 2.3 3.9 1.7 0.0 5.4 24 8 U.S. 0.9 1.6 0.1 0.0 0.3 12 19 Foreign 2.8 4.8 1.7 0.1 5.7 24 8 Exports World 5.8 9.9 1.4 0.1 7.9 19 13 U.S. 10.6 17.9 0.6 0.0 2.1 17 14 Foreign 7.4 12.6 1.2 0.1 7.2 19 13 Domestic Use World 2.4 4.1 1.8 0.3 6.5 17 15 U.S. 4.7 8.0 0.3 0.0 0.9 22 9 Foreign 2.4 4.1 1.7 0.4 6.3 18 14 Ending Stocks World 9.9 16.9 3.3 0.0 8.9 20 11 U.S. 16.2 27.5 0.7 0.0 2.1 10 22 Foreign 10.9 18.5 3.2 0.1 9.3 21 11 1/ Marketing years 1981/82 through 2012/13 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the ma rketing year for 1981/82 through 2012/13. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. February 2014 WASDE - 526 - 37 Reliability of United States February Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final CORN Percent Million Bushels Production 0 . 2 0 . 330 4 122 Exports 10.7 18.2 131 9 384 12 20 Domestic Use 3.1 5.2 146 7 474 15 17 Ending Stocks 16.5 28.0 209 8 838 21 11 SORGHUM Production 0 . 2 0 . 300402 Exports 15.1 25.5 25 0 97 20 10 Domestic Use 10.3 17.6 30 1 178 14 18 Ending Stocks 41.1 69.8 26 1 148 11 21 BARLEY Production 0.5 0.9 1 0 11 12 4 Exports 19.9 33.7 7 0 35 10 19 Domestic Use 6.1 10.4 16 0 70 14 16 Ending Stocks 12.2 20.8 13 0 52 21 10 OATS Production 0 . 2 0 . 400243 Exports 5 4 . 6 9 2 . 710368 Domestic Use 4 . 2 7 . 11 1 13 61 41 8 Ending Stocks 14.9 25.2 12 1 47 18 14 SOYBEAN MEAL Thousand Short Tons Production 3.0 5.0 810 35 2,340 24 8 Exports 9.7 16.4 595 50 2,250 24 8 Domestic Use 2.6 4.4 546 7 2,066 20 12 Ending Stocks 36.9 62.7 64 0 214 14 16 SOYBEAN OIL Million Pounds Production 2.9 5.0 380 7 1,173 22 10 Exports 22.7 38.5 278 25 1,025 18 14 Domestic Use 3.1 5.2 346 0 1,261 20 11 Ending Stocks 17.9 30.4 272 25 1,131 19 13 ANIMAL PROD. 3/ Million Pounds Beef 3.0 5.1 610 9 1,613 22 9 Pork 3.2 5.4 369 10 1,717 21 10 Broilers 1.7 2.9 370 16 1,011 20 11 Turkeys 2.6 4.4 112 2 377 18 13 Million Dozen Eggs 1.3 2.3 72 6 169 18 13 Billion Pounds Milk 1.4 2.4 1.7 0.1 5.7 18 13 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2012/13 for grains, soybeans, and cotton. Final for grains , soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2012/13. Calendar years 1983 through 2012 for meats, eggs, and milk. Final for animal products is defined as latest annual production estimate published by NASS for 1983-2012. WASDE-526-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Forei gn Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at http://www.fas.usda.gov/psd/online . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric-Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 UNITED STATES DEPARTMENT OF AGRICULTURE WORLD AGRICULTURAL OUTLOOK BOARD WASHINGTON, D.C. 20250-3812 ___________________ OFFICIAL BUSINESS Penalty for Private Use, $300 FIRST-CLASS MAIL POSTAGE & FEES PAID USDA PERMIT NO. G-289 World Agricultural Supply and Demand Estimates WASDE-526 – February 10, 2014 Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e-mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu . Select the “Reports by E-Mail” bar to sign up. Print Subscriptions: For print subscriptions, call the National Technical Information Service (NTIS) at 1-800- 999-6779 or 703-605-6220. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250-9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 616 Approved by the World Agricultural Outlook Board September 10,2021 Note on Ida : This report includes updated production forecasts issued by the National Agricultural Statistics Service which generally reflect crop conditions as of the first day of the month. The supply and demand impacts of transportation and port disruptions caused by Hurricane Ida are presumed to be temporary based on available information as of September 10, 2021. WHEAT: The outlook for 2021/22 U.S. wheat this month is for reduced supplies, slightly higher domestic use, unchanged exports, and decreased ending stocks. Supplies are reduced as imports are lowered 10 million bushels to 135 million on the import pace. Food use is raised 2 million b ushels to 964 million, reflecting an upward revision of 2020/21 food use. Exports are unchanged at 875 million bushels but there are offsetting by -class changes. Projected 2021/22 ending stocks are reduced 12 million bushels to 615 million and are 27 percent below last year and the lowest in eight years. The projected 2021/22 season-average farm price is lowered $0.10 per bushel to $6.60 on reported NASS prices to date and price expectations for the remainder of 2021/22. The global wheat outlook for 2021/22 is for increased supplies, higher consumption, more trade, and higher ending stocks. Supplies are projected rising by 7.1 million tons to 1,072.8 million, on the combination of larger beginning stocks for Canada, EU, and India and higher production for Australia, India, and China. Australia’s production is raised 1.5 million tons to 31.5 million on continued widespread favorable conditions to date. This would be Australia’s third largest wheat crop on record. India’s production is increased 1.5 million tons to 109.5 million on the government’s 4 th Advance Estimate and this would be India’s fifth consecutive record crop. China’s production is increased 900,000 tons to 136.9 million, mainly on a higher area estimated by the National Bureau of Statistics. Partially offsetting these increases, Canadian production is lowered 1.0 million tons to 23.0 million, based on the Statistics Canada forecast issued August 30, and Argentina is reduced 500,000 tons to 20.0 million on dry conditions. Projected 2021/22 world consumption is raised 3.0 million tons to 789.6 million. Most of the higher consumption is for feed and residual use, led by China, increasing by 1.0 million tons to 36.0 million. Projected 2021/22 global trade is raised 1.5 million tons to 199.7 million as higher exports by Australia and India more than offset reduced exports for Canada. Projected 2021/22 world ending stocks are increased 4.2 million tons to 283.2 million with India, EU, and Canada accounting for most of the increase , although global stocks remain below last year. COARS E GRAINS: This month’s 2021/22 U.S. corn outlook is for larger supplies, increased feed and residual use, greater exports, and higher ending stocks. Projected beginning stocks for 2021/22 are 70 million bushels higher based on a lower use forecast for 2020/21, with reductions in corn used for ethanol and exports. Corn production for 2021/22 is forecast at 15.0 billion bushels, up 246 million from last month on increases to harvested area and yield. The national average yield is forecast at 176.3 bushels per acre, up 1.7 bushels, while harvested area for grain is forecast at 85.1 million acres, up 0.6 million. Total U.S. corn use for 2021/22 is up 150 million bushels to 14.8 billion. Feed and residual use is raised 75 million bushels based mostly WASDE-616-2 on a larger crop and lower expected prices. Exports for 2021/22 are up 75 million bushels to 2.5 billion. With supply rising more than use, ending stocks are increased 166 million bushels to 1.4 billion. The season -average corn price received by producers is lowered 30 cents to $5.45 per bushel. This month’s 2021/22 foreign coarse grain outlook is for larger production, greater trade, and increased stocks relative to last month. Foreign corn production is forecast higher relative to last month with increases for China and Argentina more than offsetting reductions for Russia and Serbia. China corn production is raised with a boost in yield prospects, based mostly on near to above normal rainfall in the key Northeast provinces of Heilongjiang, Jilin, Inner Mongolia, and Liaoning. Argentina corn production is raised based on expectations of higher area. Foreign barley production is virtually unchanged, as increases for Australia, Ukraine, and the EU are essentially offset by declines for Canada and Russia. For China, corn feed and residual use for 2020/21 is lowered based on indicated soybean meal equivalent protein consumption and expanded use of alternative energy feedstuffs such as barley and sorghum. For 2021/22, feed and residual use is raised based mostly on a larger crop and lower expected internal market prices. Food, seed and industrial use is lowered for 2020/21 and 2021/22 based on a reduction in the expected amount of corn used for ethanol and corn product exports. Despite a forecast increase in corn production, imports are unchanged for 2021/22 as the gap between China’s domestic and international corn prices is expected to persist, particularly in the feed deficit South. Major global coarse grain trade changes for 2021/22 include larger corn exports for Argentina, with partly offsetting reductions for Serbia and Russia. Corn imports are raised for Canada and Mexico but are reduced for Vietnam. For 2020/21, for the local marketing year beginning March 2021 corn exports are lowered for Brazil but raised for Argentina. Foreign corn ending stocks for 2021/22 are raised 8.8 million tons to 261.9 million, mostly reflecting an increase for China. RICE : The outlook for 2021/22 U.S. rice this month is for reduced supplies, lower domestic use, unchanged exports, and smaller ending stocks. Supplies are reduced mostly on smaller production, as NASS lowered 2021/22 rice production by 6.9 million cwt to 190.5 million on decreased harvested area more than offsetting a higher yield. The average all rice yield is up 79 pounds per acre to 7,623 pounds, which is the third highest on record. Long-grain production is reduced 5.8 million cwt to 144.2 million, and combined medium - and short -grain production is lowered 1.0 million cwt to 46.3 million. Total domestic and residual use is lowered by 4.0 million cwt to 147.0 million on the smaller crop size. All rice ending stocks are decreased by 3.1 million cwt to 34.2 million, down 22 percent from last year. The season-average farm price for all rice is raised $0.30 per cwt to $14.80 with increases for both long-grain and medium - and short -grain. The 2021/22 global outlook is for increased supplies, lower consumption, increased trade, and higher ending stocks. Supplies are raised by 9.5 million tons to 693.9 million, primarily the result of a multi -year upward stocks revisions for India with a corresponding reduction for India’s consumption. India’s production is also raised 1.0 million tons higher to 122.0 million on increased harvested area, which would be its second largest crop on record. World 2021/22 consumption is lowered by 2.2 million tons to 512.1 million, primarily on lower consumption by India although global consumption remains at a record. Global 2021/22 trade is raised 0.9 million tons to 48.5 million, mostly on increased exports by India on greater exportable supplies. Projected 2021/22 world ending stocks are increased by 11.7 million tons to 181.9 million, mainly on the cumulative effect of a multi -year upward revisions of India’s stocks. WASDE-616-3 OILSEEDS : U.S. soybean supply and use changes for 2021/22 include higher beginning stocks, production, exports, ending stocks, and lower crush. Higher beginning stocks reflect a lower crush forecast for 2020/21. Soybean production is projected at 4.4 billion bushels, up 35 million with lower harvested area more than offset by a higher yield forecast of 50.6 bushels per acre. Harvested area is down 0.3 million from the August forecast. Soybean crush is reduced 25 million bushels reflecting a lower forecast for domestic soybean meal disappearance. The soybean export forecast is raised 35 million bushels on increased supplies and lower prices. Ending stocks are projected at 185 million bushels, up 30 million from last month. Other changes this month include lower peanut and higher cottonseed production. Soybean and soybean meal prices for 2021/22 are reduced from the previous forecasts. The U.S. season -average soybean price is forecast at $12.90 per bushel, down 80 cents. The soybean meal price is forecast at $360 per short ton, down 25 dollars. The soybean oil price forecast is unchanged at 65 cents per pound. The 2021/22 foreign oilseed supply and demand forecasts include higher beginning stocks and lower production, exports, and crush. Foreign oilseed production is lowered 1.5 million tons to 499.8 million mainly on lower canola production for Canada and the EU. Partly offsetting is higher canola output for Aust ralia and higher peanut production for India. Canada’s canola crop is lowered 2.0 million tons to 14 million, reflecting recent government reports. Lower canola supplies for Canada leads to lower exports of the oilseed and products to the EU, China, and the United States. Lower global rapeseed supply is offset by increased soybean beginning stocks, mainly driven by higher -than -expected 2020/21 imports for China. Higher beginning stocks for China and higher U.S. ending stocks account for most of the global 2021/22 soybean ending stocks increase, which are raised 2.7 million tons to 98.9 million. Another notable oilseed change includes higher soybean meal imports for India as the government allows shipments of soybean meal made from genetically modified soybeans through October 31. SUGAR: U.S. beet sugar production for 2021/22 is increased by 123,841 short tons, raw value (STRV) to 5,201,683. NASS sugarbeet yield and area harvested forecasts in the September Crop Production report imply national sugarbeet production of 34.612 million tons, an increase of 2.7 percent relative to last month. Assuming average recovery, shrink, and recovery from desugared molasses, 2021/22 crop year production is forecast at 5,112,075 STRV, up from 4,988,235 last month. Adjustments made for expected August -September production in 2021 and 2022 plus sugar from imported sugarbeets from Canada yields the fiscal year 2021/22 production projection. Cane sugar production in Florida is decreased by 10,000 STRV to 2,005,000 on processor reporting. There are no changes to production in Louisiana as neither NASS nor the processors made any adjustments related to Hurricane Ida’s impact as damage assessments are still underway. Monthly high- tier tariff sugar imports covering the period July 2020 through May 2021 have now been revised by the U.S. Bureau of the Census and the changes are incorporated into USDA’s Sweetener Market Data (SMD). Implied sugar WASDE changes from last month are for an increase in 2019/20 sugar imports of 22,379 STRV to 4,165,219 and an increase of that same amount for deliveries for human consumption to 12,246,183 STRV. On August 24, 2021, the USDA increased the 2020/21 raw sugar TRQ by 90,100 metric ton s, raw value (MTRV) and also extended the TRQ entry period through October 31, 2021. With the increase, the overall 2020/21 raw sugar TRQ is 1,207,295 MTRV. On August 26, 2021, USTR provided notice of country allocations of the raw sugar TRQ increase. T he USDA estimates that 245,160 MTRV of the total raw sugar TRQ will not enter in September but 177,160 MTRV of that WASDE-616-4 amount will enter in October. This implies a raw sugar TRQ shortfall of 68,000 MTRV or 74,957 STRV. On August 26, 2021, the Commerce Department at the request of USDA increased the Mexico 2020/21 Export Limit by 17,527 STRV of Additional U.S. Needs Sugar of a polarity of less than 99.5 degrees. This sugar is meant to be entered on or before September 30. The USDA increased re -export imports for 2020/21 by 70,000 STRV to 315,000 on the pace to date. Total imports for 2020/21 are now estimated at 3,169,134 STRV, just down slightly from last month. On September 13, 2021, the USDA is to announce in the Federal Register the 2021/22 raw sugar TR Q at 1,117,195 MTRV and the refined sugar TRQ at 222,000 MTRV. Imports for 2021/22 are projected at 3,211,813 STRV, an increase of 75,872 over last month. Changes include an increase in sugar TRQ entries of 415,747 STRV as detailed above and in high-tie r tariff imports of 25,000, now totaling 75,000. Imports from Mexico are reduced by 364,875 STRV to 1,083,900. The raw sugar shortfall for 2021/22 is unchanged at 99,208 STRV. Deliveries for human consumption for 2020/21 are increased by 75,000 STRV to 12,200,000 on the strong pace of Direct Consumption Imports (that is, imports by entities that do not report to SMD). This estimate is carried over to the deliveries’ projection for 2021/22. Ending stocks for 2021/22 are projected at 1,665,593 STRV, which is marginally lower than last month, and the implied ending stocks -to-use ratio is at 13.5 percent. LIVESTOCK, POULTRY, AND DAIRY : The forecast for 2021 total red meat and poultry production is lowered from last month. Beef production is reduced from the previous month as lower expected steer and heifer slaughter and lighter carcass weights more than offset higher cow slaughter. The pork production forecast is reduced on lower expected second -half hog slaughter. The broiler production forecast is raised on recent hatchery and slaughter data while the turkey production forecast is reduced. The egg production forecast is raised slightly. For 2022, the total red meat and poultry forecast is reduced from the previous month. The beef produc tion forecast is reduced from last month on lower expected fed cattle slaughter and lighter carcass weights. Pork production is unchanged. Broiler and turkey production forecasts are raised on higher expected prices and lower expected feed costs. The 2022 egg production forecast is reduced. For 2021, the beef import forecast is raised reflecting recent trade data; the export forecast is also raised on strong global demand from key trading partners; no changes are made to the 2022 forecasts. The pork export forecast for 2021 is reduced on recent trade data and expected slower demand growth from Asia; no change is made to the 2022 forecast. Broiler export forecasts are reduced slightly for both 2021 and 2022. The 2021 turkey export forecast is reduced s lightly from last month. Fed cattle prices are raised for 2021 on current price strength and firm demand. The 2022 price forecast is also raised. The 2021 hog price forecast is raised on lower expected production. Broiler and turkey price forecasts are raised for 2021 and 2022 on demand strength. Milk production forecasts for 2021 and 2022 are reduced from last month on smaller dairy cow numbers and lower milk per cow. For 2021, the fat basis import forecast is unchanged from the previous month, while the fat basis export forecast is raised on strong sales of cheese and butter and milk fat. The skim -solids basis import forecast for 2021 is unchanged from last month, but the export forecast is raised on firm global demand for skim milk pow der (SMP), cheese, and whey. For 2022, the fat basis imports are raised on strong demand for imported cheese, while the fat basis export forecast is raised as U.S. butter is expected to be remain competitive in international markets. No change is made to the 2022 skim -solids basis import forecast; WASDE-616-5 however, skim -solids basis exports are raised from last month on continued strong global demand for SMP and whey. For 2021 and 2022, butter, cheese, nonfat dry milk (NDM) price forecasts are raised on improvin g demand and lower production. The whey price forecast is unchanged for both years. The 2021 and 2022 Class III and Class IV price forecasts are raised from last month on higher dairy product prices. The 2021 all milk price is forecast higher at $18.15 per cwt. The all milk price forecast for 2022 is $18.40 per cwt. COTTON : Beginning stocks are slightly lower than last month in the 2021/22 U.S. cotton estimates, but a much larger increase in production means that both exports and ending stocks are higher than estimated in August. U.S. cotton production is forecast at 18.5 million bales, up 1.2 million bales despite a 4 percent decline in harvested area, largely due to increased projected yields in Texas. With both world trade and U.S. supplies highe r this month, U.S. exports are 500,000 bales higher and ending stocks are 700,000 bales higher. A higher season-average farm price for upland cotton is also expected, up 4 cents per pound from last month to 84 cents. World 2021/22 cotton ending stocks are 540,000 bales lower this month as a 1.4 -million -bale world consumption increase spread over 2021/22 and the year before more than offsets a 750,000- bale increase in 2021/22 world production. Consumption is projected higher in both years for Pakistan, Ba ngladesh, Brazil, and several smaller countries. Turkey’s consumption was also increased 100,000 bales for 2021/22, and Vietnam’s lowered by the same amount due to recent problems with COVID -19. World 2021/22 production is higher this month as increases for the United States, Australia, and Argentina offset declines in India, Greece, and several countries in West Africa’s Franc Zone. World trade in 2021/22 is still projected down from the previous year’s record 48.5 million bales, but is projected 500,000 bales higher than in August, at 46.8 million bales. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Mark Jekanowski, (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates Com mittees. APPROVED BY: SETH MEYER SECRETARY OF AGRICULTURE DESIGNATE WASDE-616-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone, ICEC Chair, WAOB, mark [email protected] Andrew Sowell, ERS; Rachel Trego, FAS; Pete Riley, FPAC. Rice: Mark Simone, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS; Vidalina Abadam, FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Michael McConnell, ERS; Yoonhee Macke, FAS; Sharon Raszap, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Bill George, FAS; Gustavo Ferreira, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; James Johnson, FAS; Kent Lanclos, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Ron Lord, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Jacob Vuillemin, FAS; Georgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Grace Grossen, ERS; Claire Mezoughem, FAS; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Georgi Gabrielyan, FPAC. In 2021, the WASDE report will be released on Oct 12, Nov 9, and Dec 9. WASDE-616-7 T A B L E OF C O N T E N T S Page Highlights ................................................................................................................. 1 Interagency Commodity Estimates Committees ...................................................... 6 World & U.S. Supply & Use for Grains .................................................................... 8 World & U.S. Supply & Use for Cotton .................................................................... 9 World & U.S. Supply & Use for Oilseeds ............................................................... 10 U.S. Wheat Supply & Use ...................................................................................... 11 U.S. Wheat Supply & Use by Class ....................................................................... 11 U.S. Feed Grain & Corn Supply & Use .................................................................. 12 U.S. Sorghum, Barley & Oats Supply & Use ......................................................... 13 U.S. Rice Supply & Use ......................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................. 15 U.S. Sugar Supply & Use ...................................................................................... 16 Mexico Sugar Supply and Use .............................................................................. 16 U.S. Cotton Supply & Use ..................................................................................... 17 World Wheat Supply & Use ................................................................................... 18 World Coarse Grains Supply & Use ...................................................................... 20 World Corn Supply & Use ...................................................................................... 22 World Rice Supply & Use ...................................................................................... 24 World Cotton Supply & Use ................................................................................... 26 World Soybean Supply & Use ............................................................................... 28 World Soybean Meal Supply & Use ....................................................................... 29 World Soybean Oil Supply & Use .......................................................................... 30 U.S. Quarterly Animal Product Production ............................................................ 31 U.S. Quarterly Prices for Animal Products ............................................................. 31 U.S. Meats Supply and Use ................................................................................... 32 U.S. Egg Supply & Use .......................................................................................... 33 U.S. Milk Supply and Use ...................................................................................... 33 U.S. Dairy Prices ................................................................................................... 34 Reliability Tables ................................................................................................... 35 Related USDA Reports .......................................................................................... 38 Metric Conversion Factors ..................................................................................... 38 Electronic Access and Subscriptions ...................................................................... 40 September 2021 WASDE - 616 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2019/20 2677.14 3487.78 448.52 2671.84 815.94 2020/21 (Est.) 2709.24 3525.18 476.44 2730.09 795.09 filler filler filler filler filler 2021/22 (Proj.) Aug 2768.76 3546.08 491.01 2785.87 760.21 2021/22 (Proj.) Sep 2785.11 3580.20 497.10 2791.32 788.88 filler filler filler filler filler Wheat 2019/20 763.58 1045.64 194.33 748.03 297.61 2020/21 (Est.) 775.83 1073.44 199.59 780.87 292.56 filler filler filler filler filler 2021/22 (Proj.) Aug 776.91 1065.74 198.23 786.67 279.06 2021/22 (Proj.) Sep 780.28 1072.84 199.74 789.63 283.22 filler filler filler filler filler Coarse Grains 5/ 2019/20 1415.27 1767.24 210.82 1430.66 336.58 2020/21 (Est.) 1427.18 1763.76 228.35 1447.20 316.56 filler filler filler filler filler 2021/22 (Proj.) Aug 1484.40 1795.95 245.10 1484.94 311.01 2021/22 (Proj.) Sep 1496.89 1813.44 248.84 1489.63 323.82 filler filler filler filler filler Rice, milled 2019/20 498.29 674.90 43.38 493.15 181.75 2020/21 (Est.) 506.23 687.99 48.50 502.02 185.97 filler filler filler filler filler 2021/22 (Proj.) Aug 507.45 684.40 47.67 514.25 170.14 2021/22 (Proj.) Sep 507.95 693.91 48.53 512.07 181.85 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2019/20 417.89 516.29 79.82 355.75 80.73 2020/21 (Est.) 431.48 518.51 107.28 354.25 56.98 filler filler filler filler filler 2021/22 (Proj.) Aug 440.73 503.41 95.96 355.65 51.80 2021/22 (Proj.) Sep 447.90 511.98 97.93 358.01 56.04 filler filler filler filler filler Wheat 2019/20 52.58 84.79 26.37 30.44 27.99 2020/21 (Est.) 49.69 80.40 26.99 30.45 22.97 filler filler filler filler filler 2021/22 (Proj.) Aug 46.18 73.09 23.81 32.22 17.05 2021/22 (Proj.) Sep 46.18 72.82 23.81 32.28 16.73 filler filler filler filler filler Coarse Grains 5/ 2019/20 359.43 423.01 50.46 320.73 51.83 2020/21 (Est.) 374.57 428.89 77.32 318.95 32.63 filler filler filler filler filler 2021/22 (Proj.) Aug 388.28 421.45 69.26 318.64 33.56 2021/22 (Proj.) Sep 395.67 430.52 71.23 321.07 38.23 filler filler filler filler filler Rice, milled 2019/20 5.88 8.49 2.99 4.59 0.91 2020/21 (Est.) 7.23 9.22 2.98 4.85 1.39 filler filler filler filler filler 2021/22 (Proj.) Aug 6.27 8.87 2.89 4.79 1.18 2021/22 (Proj.) Sep 6.05 8.64 2.89 4.67 1.09 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, co arse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). September 2021 WASDE - 616 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2019/20 2,259.25 2,971.49 368.71 2,316.09 735.21 2020/21 (Est.) 2,277.76 3,006.67 369.16 2,375.84 738.11 filler filler filler filler filler 2021/22 (Proj.) Aug 2,328.03 3,042.67 395.05 2,430.22 708.41 2021/22 (Proj.) Sep 2,337.21 3,068.22 399.18 2,433.31 732.84 filler filler filler filler filler Wheat 2019/20 711.00 960.85 167.96 717.60 269.62 2020/21 (Est.) 726.14 993.03 172.61 750.42 269.60 filler filler filler filler filler 2021/22 (Proj.) Aug 730.73 992.64 174.42 754.45 262.01 2021/22 (Proj.) Sep 734.10 1,000.02 175.92 757.35 266.49 filler filler filler filler filler Coarse Grains 5/ 2019/20 1,055.84 1,344.23 160.36 1,109.94 284.75 2020/21 (Est.) 1,052.61 1,334.87 151.03 1,128.26 283.93 filler filler filler filler filler 2021/22 (Proj .) Aug 1,096.12 1,374.50 175.85 1,166.31 277.45 2021/22 (Proj.) Sep 1,101.22 1,382.93 177.61 1,168.56 285.59 filler filler filler filler filler Rice, milled 2019/20 492.41 666.41 40.39 488.56 180.84 2020/21 (Est.) 499.01 678.77 45.52 497.17 184.58 filler filler filler filler filler 2021/22 (Proj.) Aug 501.18 675.53 44.78 509.46 168.96 2021/22 (Proj.) Sep 501.90 685.27 45.64 507.40 180.76 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mi xed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2019/20 121.40 201.50 41.23 102.81 98.22 2020/21 (Est.) 112.39 210.62 48.48 119.64 91.30 filler filler filler filler filler 2021/22 (Proj.) Aug 118.84 210.62 46.25 123.33 87.23 2021/22 (Proj.) Sep 119.59 210.89 46.76 124.14 86.68 filler filler filler filler filler United States 2019/20 19.91 24.77 15.51 2.15 7.25 2020/21 (Est.) 14.61 21.86 16.37 2.35 3.15 filler filler filler filler filler 2021/22 (Proj.) Aug 17.26 20.47 15.00 2.50 3.00 2021/22 (Proj.) Sep 18.51 21.66 15.50 2.50 3.70 filler filler filler filler filler Foreign 4/ 2019/20 101.49 176.73 25.72 100.66 90.97 2020/21 (Est.) 97.78 188.76 32.11 117.29 88.15 filler filler filler filler filler 2021/22 (Proj.) Aug 101.58 190.16 31.25 120.83 84.23 2021/22 (Proj.) Sep 101.08 189.23 31.26 121.64 82.98 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. September 2021 WASDE - 616 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2019/20 580.51 714.86 190.68 508.31 112.96 2020/21 (Est.) 601.14 714.09 191.86 511.14 109.68 filler filler filler filler filler 2021/22 (Proj.) Aug 629.52 736.09 196.41 529.47 108.85 2021/22 (Proj.) Sep 629.16 738.84 196.66 528.20 111.25 filler filler filler filler filler Oilmeals 2019/20 346.27 364.13 95.38 341.55 17.00 2020/21 (Est.) 350.55 367.54 97.00 346.89 15.02 filler filler filler filler filler 2021/22 (Proj.) Aug 362.38 377.43 98.71 355.55 15.50 2021/22 (Proj.) Sep 361.58 376.60 98.81 355.59 15.31 filler filler filler filler filler Vegetable Oils 2019/20 207.28 232.67 86.78 202.73 26.44 2020/21 (Est.) 207.01 233.45 85.44 206.67 23.76 filler filler filler filler filler 2021/22 (Proj.) Aug 215.86 238.47 91.45 212.88 22.03 2021/22 (Proj.) Sep 215.36 239.12 91.01 212.72 22.72 filler filler filler filler filler United States Output Tota l Supply Tra de Tota l Use 2/ Ending Stocks Oilseeds 2019/20 106.98 134.74 46.97 63.04 15.96 2020/21 (Est.) 122.35 139.52 62.62 62.69 6.42 filler filler filler filler filler 2021/22 (Proj.) Aug 128.15 135.91 57.10 64.34 5.80 2021/22 (Proj.) Sep 129.31 137.02 57.96 63.61 6.60 filler filler filler filler filler Oilmeals 2019/20 48.76 53.31 12.83 40.09 0.39 2020/21 (Est.) 48.40 53.15 13.04 39.63 0.48 filler filler filler filler filler 2021/22 (Proj.) Aug 49.67 54.09 13.13 40.43 0.53 2021/22 (Proj.) Sep 49.07 53.40 13.13 39.74 0.53 filler filler filler filler filler Vegetable Oils 2019/20 12.64 18.71 1.50 16.00 1.21 2020/21 (Est.) 12.73 18.78 1.02 16.51 1.24 filler filler filler filler filler 2021/22 (Proj.) Aug 13.03 19.28 0.85 17.40 1.03 2021/22 (Proj.) Sep 12.88 19.12 0.76 17.32 1.04 filler filler filler filler filler Foreign 3/ Output Tota l Supply Tra de Tota l Use 2/ Ending Stocks Oilseeds 2019/20 473.53 580.13 143.71 445.27 97.00 2020/21 (Est.) 478.79 574.57 129.24 448.45 103.27 filler filler filler filler filler 2021/22 (Proj.) Aug 501.38 600.18 139.31 465.12 103.05 2021/22 (Proj.) Sep 499.85 601.82 138.70 464.59 104.65 filler filler filler filler filler Oilmeals 2019/20 297.51 310.83 82.55 301.45 16.61 2020/21 (Est.) 302.15 314.40 83.96 307.26 14.54 filler filler filler filler filler 2021/22 (Proj.) Aug 312.71 323.34 85.57 315.12 14.97 2021/22 (Proj.) Sep 312.50 323.20 85.68 315.85 14.78 filler filler filler filler filler Vegetable Oils 2019/20 194.64 213.96 85.28 186.73 25.23 2020/21 (Est.) 194.29 214.67 84.42 190.15 22.52 filler filler filler filler filler 2021/22 (Proj.) Aug 202.83 219.19 90.60 195.47 21.00 2021/22 (Proj.) Sep 202.48 220.00 90.25 195.41 21.68 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. September 2021 WASDE - 616 - 11 U.S. Wheat Supply and Use 1/ 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Aug Sep Million Acres Area Planted 45.5 44.3 46.7 46.7 Area Harvested 37.4 36.7 38.1 38.1 Bushels Yield per Harvested Acre 51.7 49.7 44.5 44.5 Million Bushels Beginning Stocks 1,080 1,028 844 844 Production 1,932 1,826 1,697 1,697 Imports 104 100 145 135 Supply, Total 3,116 2,954 2,686 2,676 Food 962 961 962 964 Seed 60 61 62 62 Feed and Residual 97 97 160 160 Domestic, Total 1,118 1,119 1,184 1,186 Exports 969 992 875 875 Use, Total 2,087 2,110 2,059 2,061 Ending Stocks 1,028 844 627 615 Avg. Farm Price ($/bu) 2/ 4.58 5.05 6.70 6.60 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2020/21 (Est.) Beginning Stocks 506 280 105 95 42 1,028 Production 659 530 266 302 69 1,826 Supply, Total 3/ 1,169 857 376 404 148 2,954 Domestic Use 403 338 222 64 92 1,119 Exports 340 284 69 270 28 992 Use, Total 743 622 291 334 121 2,110 Ending Stocks, Total 426 235 85 70 28 844 2021/22 (Proj.) Beginning Stocks 426 235 85 70 28 844 Production 777 305 366 214 35 1,697 Supply, Total 3/ 1,208 605 456 289 117 2,676 Domestic Use 506 269 237 90 85 1,186 Exports 355 225 120 160 15 875 Use, Total 861 494 357 250 100 2,061 Ending Stocks, Total Sep 347 111 99 40 18 615 Ending Stocks, Total Aug 346 116 104 40 21 627 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. September 2021 WASDE - 616 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Aug Sep Million Acres Area Planted 100.6 102.3 104.1 105.6 Area Harvested 89.1 90.7 93.0 94.4 Metric Tons Yield per Harvested Acre 4.03 4.13 4.17 4.19 Million Metric Tons Beginning Stocks 60.5 51.8 30.8 32.6 Production 359.2 374.3 388.0 395.4 Imports 2.8 2.3 2.1 2.1 Supply, Total 422.4 428.3 420.9 430.0 Feed and Residual 154.3 149.6 145.9 148.5 Food, Seed & Industrial 165.9 168.8 172.2 172.1 Domestic, Total 320.2 318.4 318.1 320.6 Exports 50.4 77.3 69.3 71.2 Use, Total 370.6 395.7 387.4 391.8 Ending Stocks 51.8 32.6 33.5 38.2 CORN 2019/20 2020/21 Est. 2021/22 Pro j. 2021/22 Pro j. August September Million Acres Area Planted 89.7 90.8 92.7 93.3 Area Harvested 81.3 82.5 84.5 85.1 Bushels Yield per Harvested Acre 167.5 172.0 174.6 176.3 Million Bushels Beginning Stocks 2,221 1,919 1,117 1,187 Production 13,620 14,182 14,750 14,996 Imports 42 25 25 25 Supply, Total 15,883 16,127 15,892 16,208 Feed and Residual 5,900 5,725 5,625 5,700 Food, Seed & Industrial 2/ 6,286 6,470 6,625 6,625 Ethanol & by -products 3/ 4,857 5,035 5,200 5,200 Domestic, Total 12,186 12,195 12,250 12,325 Exports 1,777 2,745 2,400 2,475 Use, Total 13,963 14,940 14,650 14,800 Ending Stocks 1,919 1,187 1,242 1,408 Avg. Farm Price ($/bu) 4/ 3.56 4.45 5.75 5.45 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data -products/feed-grains- database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Market ing- year weighted average price received by farmers. September 2021 WASDE - 616 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Aug Sep Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 5.3 5.9 6.5 7.3 Area Harvested (mil. acres) 4.7 5.1 5.8 6.5 Yield (bushels/acre) 73.0 73.2 70.8 69.7 Beginning Stocks 64 30 13 13 Production 341 373 409 454 Imports 0 0 0 0 Supply, Total 405 403 423 467 Feed and Residual 97 95 75 105 Food, Seed & Industrial 75 10 10 10 Total Domestic 172 105 85 115 Exports 203 285 320 320 Use, Total 375 390 405 435 Ending Stocks 30 13 18 32 Avg. Farm Price ($/bu) 2/ 3.34 5.00 6.15 5.85 Filler Filler Filler Filler Filler BARLEY 2019/20 2020/21 Est. 2021/22 Pro j. 2021/22 Pro j. August September Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.8 2.6 2.6 2.6 Area Harvested (mil. acres) 2.2 2.1 2.0 2.0 Yield (bushels/acre) 77.7 77.5 51.6 51.6 Beginning Stocks 87 80 72 72 Production 172 165 106 106 Imports 7 7 7 7 Supply, Total 266 252 184 184 Feed and Residual 39 26 10 10 Food, Seed & Industrial 142 141 115 110 Total Domestic 180 167 125 120 Exports 6 14 6 9 Use, Total 186 180 131 129 Ending Stocks 80 72 53 55 Avg. Farm Price ($/bu) 2/ 4.69 4.75 5.75 5.45 Filler Filler Filler Filler Filler OATS 2019/20 2020/21 Est. 2021/22 Pro j. 2021/22 Pro j. August September Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.8 3.0 2.4 2.4 Area Harvested (mil. acres) 0.8 1.0 0.7 0.7 Yield (bushels/acre) 64.3 65.1 57.4 57.4 Beginning Stocks 38 37 38 38 Production 53 65 41 41 Imports 92 85 77 74 Supply, Total 183 188 156 153 Feed and Residual 63 67 50 45 Food, Seed & Industrial 81 79 79 79 Total Domestic 144 146 129 124 Exports 2 3 2 2 Use, Total 146 150 131 126 Ending Stocks 37 38 25 27 Avg. Farm Price ($/bu) 2/ 2.82 2.77 3.60 3.60 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. September 2021 WASDE - 616 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Aug Sep Million Acres Area Planted 2.55 3.04 2.66 2.54 Area Harvested 2.48 2.99 2.62 2.50 Filler Pounds Yield per Harvested Acre 7,473 7,619 7,544 7,623 Million Hundredweight Beginning Stocks 2/ 44.9 28.7 43.9 43.7 Production 185.1 227.6 197.4 190.5 Imports 37.3 34.1 38.0 38.0 Supply, Total 267.3 290.3 279.3 272.2 Domestic & Residual 3/ 144.4 152.7 151.0 147.0 Exports, Total 4/ 94.2 93.9 91.0 91.0 Rough 31.3 34.6 33.0 33.0 Milled (rough equiv.) 62.9 59.3 58.0 58.0 Use, Total 238.6 246.6 242.0 238.0 Ending Stocks 28.7 43.7 37.3 34.2 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 13.60 13.70 14.50 14.80 Tota l LONG -GRAIN RICE 2019/20 2020/21 Est. 2021/22 Pro j. 2021/22 Pro j. August September Harvested Acres (mil.) 1.73 2.30 Yield (pounds/acre) 7,261 7,422 Beginning Stocks 32.6 16.9 31.8 29.7 Imports 29.8 27.4 30.0 30.0 Production 125.6 170.9 150.0 144.2 Supply, Total 7/ 188.0 215.1 211.8 203.9 Domestic & Residual 3/ 106.3 120.3 118.0 115.0 Exports 8/ 64.8 65.1 65.0 65.0 Use, Total 171.1 185.4 183.0 180.0 Ending Stocks 16.9 29.7 28.8 23.9 Avg. Farm Price ($/cwt) 6/ 12.00 12.60 12.90 13.00 Filler Filler Filler Filler Filler MEDIUM & SHORT -GRAIN RICE 2019/20 2020/21 Est. 2021/22 Pro j. 2021/22 Pro j. August September Harvested Acres (mil.) 0.75 0.69 Yield (pounds/acre) 7,964 8,282 Beginning Stocks 10.2 10.7 11.1 11.5 Imports 7.6 6.7 8.0 8.0 Production 59.5 56.7 47.3 46.3 Supply, Total 7/ 78.3 74.2 66.5 65.7 Domestic & Residual 3/ 38.2 32.4 33.0 32.0 Exports 8/ 29.4 28.8 26.0 26.0 Use, Total 67.6 61.2 59.0 58.0 Ending Stocks 10.7 11.5 7.5 7.7 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 18.20 17.70 19.30 20.10 California 10/ 21.60 19.70 22.00 23.00 Other States 1/ 11.60 13.00 13.50 14.00 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2017/18- 1.4; 2018/19 -2.1; 2019/ 20-1.0. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing- year weighted average price received by farm ers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The California medium/short -grain season -average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the r ice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. 10/ Marketing year beginning October 1. September 2021 WASDE - 616 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Aug Sep Filler Filler Filler Filler Filler Million Acres Area Planted 76.1 83.1 87.6 87.2 Area Harvested 74.9 82.3 86.7 86.4 Filler Bushels Yield per Harvested Acre 47.4 50.2 50.0 50.6 Million Bushels Beginning Stocks 909 525 160 175 Production 3,552 4,135 4,339 4,374 Imports 15 20 35 25 Supply, Total 4,476 4,680 4,533 4,574 Crushings 2,165 2,140 2,205 2,180 Exports 1,679 2,260 2,055 2,090 Seed 96 101 104 104 Residual 12 4 14 14 Use, Total 3,952 4,505 4,379 4,389 Ending Stocks 525 175 155 185 Avg. Farm Price ($/bu) 2/ 8.57 10.90 13.70 12.90 Tota l SOYBEAN OIL 2019/20 2020/21 Est. 2021/22 Pro j. 2021/22 Pro j. August September Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,775 1,853 1,793 1,858 Production 4/ 24,911 24,980 25,710 25,420 Imports 320 265 600 450 Supply, Total 27,006 27,098 28,103 27,728 Domestic Disappearance 22,317 23,525 25,200 25,000 Biofuel 3/ 8,658 8,800 11,500 11,000 Food, Feed & other Industrial 13,659 14,725 13,700 14,000 Exports 2,837 1,715 1,450 1,250 Use, Total 25,154 25,240 26,650 26,250 Ending stocks 1,853 1,858 1,453 1,478 Avg. Price (c/lb) 2/ 29.65 57.25 65.00 65.00 Tota l SOYBEAN MEAL 2019/20 2020/21 Est. 2021/22 Pro j. 2021/22 Pro j. August September Filler 1 2 3 4 Thousand Short Tons Beginning Stocks 402 341 450 450 Production 4/ 51,100 50,659 52,050 51,400 Imports 639 825 450 450 Supply, Total 52,142 51,825 52,950 52,300 Domestic Disappearance 37,967 37,275 38,250 37,600 Exports 13,834 14,100 14,200 14,200 Use, Total 51,801 51,375 52,450 51,800 Ending Stocks 341 450 500 500 Avg. Price ($/s.t.) 2/ 299.50 395.00 385.00 360.00 Tota l Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 pe rcent protein, Decatur. 3/ Reflects soybean oil used for biofuels as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,135 million bushe ls for 2020/21 and 2,180 million bushels for 2021/22. September 2021 WASDE - 616 - 16 U.S. Sugar Supply and Use 1/ 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Aug Sep Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 1,783 1,618 1,753 1,632 Production 2/ 8,149 9,202 9,048 9,162 Beet Sugar 4,351 5,031 5,078 5,202 Cane Sugar 3,798 4,171 3,970 3,960 Florida 2,106 2,089 2,015 2,005 Louisiana 1,566 1,949 1,825 1,825 Texas 126 134 130 130 Imports 4,165 3,169 3,136 3,212 TRQ 3/ 2,152 1,693 1,387 1,803 Other Program 4/ 432 315 250 250 Other 5/ 1,581 1,161 1,499 1,159 Mexico 1,376 981 1,449 1,084 Total Supply 14,097 13,989 13,937 14,006 Exports 61 52 35 35 Deliveries 12,344 12,305 12,230 12,305 Food 12,246 12,200 12,125 12,200 Other 6/ 98 105 105 105 Miscellaneous 74 0 0 0 Total Use 12,479 12,357 12,265 12,340 Ending Stocks 1,618 1,632 1,672 1,666 Stocks to Use Ratio 13.0 13.2 13.6 13.5 Tota l 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2020/21 and 2021/22 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2020/21, WTO raw sugar TRQ shortfall (75) and for 2021/22 (99). 4/ Composed of sugar under the re-export and polyhydric alcohol programs. 5/ Imports from Mexico; and high- tier tariff sugar and syrups not otherwise specified -- for 2019/20 (206), 2020/21 (180), and 2021/22 (75). 6/ Transfers accompanying deliveries for sugar-containing products t o be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE -reported deliveries: 2019/20 -- 298; estimated 2020/21 -- 347; projected 2021/ 22 -- 358. Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2020/21 Est. Aug 858 5,715 105 4,405 1,357 916 2020/21 Est. Sep 858 5,715 75 4,390 1,345 913 2021/22 Proj. Aug 916 5,809 85 4,397 1,497 916 2021/22 Proj. Sep 913 5,809 55 4,382 1,482 913 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2019/20 = 1,388; Estimated 2020/21 = 1,325; Projected 2021/22 = 1,300. Estimated Oct -July 2020/21 =1,096; Estimated Oct -July 2019/20 = 1,158. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries f or consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2020/21 (427 est =392 dom.+35 import); 2021/22 (427 proj = 392 dom.+35 import). Statistical Adjustments: 2020/21 (0), 2021/22 (0). September 2021 WASDE - 616 - 17 U.S. Cotton Supply and Use 1/ 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Aug Sep Filler Filler Filler Filler Filler Area Million Acres Planted 13.74 12.09 11.72 11.19 Harvested 11.50 8.28 10.36 9.92 Filler Pounds Yield per Harvested Acre 831 847 800 895 Million 480 Pound Bales Beginning Stocks 4.85 7.25 3.20 3.15 Production 19.91 14.61 17.26 18.51 Imports 0.00 0.00 0.00 0.00 Supply, Total 24.77 21.86 20.47 21.66 Domestic Use 2.15 2.35 2.50 2.50 Exports, Total 15.51 16.37 15.00 15.50 Use, Total 17.66 18.72 17.50 18.00 Unaccounted 2/ -0.15 -0.01 -0.03 -0.04 Ending Stocks 7.25 3.15 3.00 3.70 Avg. Farm Price 3/ 59.6 66.5 80.0 84.0 Tota l Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. September 2021 WASDE - 616 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 282.06 763.58 187.40 138.99 748.03 194.33 297.61 World Less China 143.97 629.98 182.03 119.99 622.03 193.28 147.59 United States 29.39 52.58 2.83 2.63 30.44 26.37 27.99 Total Foreign 252.67 711.00 184.58 136.36 717.60 167.96 269.62 Major Exporters 4/ 37.35 308.45 7.55 73.41 179.61 141.82 31.92 Argentina 1.74 19.78 0.01 0.05 6.35 12.79 2.39 Australia 4.44 14.48 0.89 4.50 8.00 9.14 2.68 Canada 6.04 32.67 0.68 4.16 9.26 24.63 5.50 European Union 5/ 15.80 138.74 5.55 45.50 107.70 39.77 12.62 Russia 7.78 73.61 0.33 17.00 40.00 34.49 7.23 Ukraine 1.56 29.17 0.09 2.20 8.30 21.02 1.50 Major Importers 6/ 180.01 202.54 122.00 37.09 297.92 13.21 193.43 Bangladesh 1.26 1.20 6.80 0.30 7.50 0.00 1.76 Brazil 1.06 5.20 7.03 0.50 12.10 0.43 0.76 China 138.09 133.60 5.38 19.00 126.00 1.05 150.02 Japan 1.08 1.10 5.68 0.65 6.37 0.29 1.21 N. Africa 7/ 15.54 18.40 27.74 1.85 46.25 1.07 14.36 Nigeria 0.20 0.06 5.34 0.05 4.90 0.40 0.30 Sel. Mideast 8/ 12.06 22.20 17.71 3.60 38.47 0.78 12.71 Southeast Asia 9/ 5.95 0.00 26.46 7.94 25.38 1.13 5.90 Selected Other India 16.99 103.60 0.02 6.00 95.40 0.51 24.70 Kazakhstan 1.71 11.45 0.58 1.30 6.10 6.99 0.66 United Kingdom 1.91 15.60 1.75 7.43 14.93 1.62 2.70 2020/21 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 297.61 775.83 194.51 157.58 780.87 199.59 292.56 World Less China 147.59 641.58 183.90 117.58 630.87 198.83 148.45 United States 27.99 49.69 2.73 2.65 30.45 26.99 22.97 Total Foreign 269.62 726.14 191.79 154.93 750.42 172.61 269.60 Major Exporters 4/ 31.92 322.54 6.67 72.57 179.42 144.89 36.82 Argentina 2.39 17.65 0.01 0.05 6.35 10.50 3.19 Australia 2.68 33.00 0.20 5.00 8.50 23.00 4.38 Canada 5.50 35.18 0.56 3.92 9.12 26.42 5.71 European Union 5/ 12.62 125.94 5.37 42.00 104.25 29.62 10.07 Russia 7.23 85.35 0.40 19.00 42.50 38.50 11.98 Ukraine 1.50 25.42 0.13 2.60 8.70 16.85 1.51 Major Importers 6/ 193.43 202.74 124.84 57.38 324.55 12.55 183.90 Bangladesh 1.76 1.18 7.15 0.45 7.95 0.00 2.14 Brazil 0.76 6.25 6.50 0.40 12.05 0.95 0.51 China 150.02 134.25 10.62 40.00 150.00 0.76 144.12 Japan 1.21 0.99 5.49 0.65 6.35 0.30 1.04 N. Africa 7/ 14.36 16.60 28.42 1.75 46.92 0.89 11.57 Nigeria 0.30 0.06 6.59 0.05 5.55 0.60 0.79 Sel. Mideast 8/ 12.71 22.18 17.85 3.59 39.51 0.52 12.71 Southeast Asia 9/ 5.90 0.00 25.53 7.09 24.87 1.14 5.42 Selected Other India 24.70 107.86 0.02 6.50 102.28 2.50 27.80 Kazakhstan 0.66 14.26 0.80 1.45 6.25 8.00 1.47 United Kingdom 2.70 9.66 3.22 6.07 13.67 0.45 1.46 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancie s in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines , Thailand, Vietnam, Leba non, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2021 WASDE - 616 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Aug 288.83 776.91 196.42 157.37 786.67 198.23 279.06 Sep 292.56 780.28 197.05 159.22 789.63 199.74 283.22 World Less China Aug 144.21 640.91 186.42 122.37 638.67 197.23 137.44 Sep 148.45 643.38 187.05 123.22 640.63 198.74 142.20 United States Aug 22.97 46.18 3.95 4.35 32.22 23.81 17.05 Sep 22.97 46.18 3.67 4.35 32.28 23.81 16.73 Total Foreign Aug 265.86 730.73 192.47 153.02 754.45 174.42 262.01 Sep 269.60 734.10 193.38 154.86 757.35 175.92 266.49 Major Exporters 4/ Aug 33.38 318.60 6.90 73.65 180.35 146.50 32.04 Sep 36.82 319.00 6.90 73.85 180.55 147.00 35.18 Argentina Aug 2.52 20.50 0.00 0.05 6.45 13.50 3.08 Sep 3.19 20.00 0.00 0.05 6.45 13.50 3.24 Australia Aug 4.38 30.00 0.20 4.50 8.00 22.00 4.58 Sep 4.38 31.50 0.20 4.70 8.20 23.00 4.88 Canada Aug 3.83 24.00 0.70 2.80 8.00 17.50 3.03 Sep 5.71 23.00 0.70 2.80 8.00 17.00 4.41 European Union 5/ Aug 9.07 138.60 5.40 46.00 108.50 35.00 9.57 Sep 10.07 139.00 5.40 46.00 108.50 35.00 10.97 Russia Aug 11.98 72.50 0.50 17.00 40.00 35.00 9.98 Sep 11.98 72.50 0.50 17.00 40.00 35.00 9.98 Ukraine Aug 1.60 33.00 0.10 3.30 9.40 23.50 1.80 Sep 1.51 33.00 0.10 3.30 9.40 23.50 1.71 Major Importers 6/ Aug 184.65 207.51 126.51 52.94 325.01 12.75 180.92 Sep 183.90 208.41 127.41 54.09 326.31 12.85 180.57 Bangladesh Aug 1.99 1.13 6.90 0.35 8.05 0.00 1.97 Sep 2.14 1.13 7.20 0.50 8.25 0.00 2.22 Brazil Aug 0.51 7.70 6.50 0.80 12.60 1.30 0.81 Sep 0.51 7.70 6.50 0.80 12.60 1.30 0.81 China Aug 144.62 136.00 10.00 35.00 148.00 1.00 141.62 Sep 144.12 136.90 10.00 36.00 149.00 1.00 141.02 Japan Aug 1.05 0.96 5.70 0.63 6.30 0.30 1.11 Sep 1.04 0.96 5.70 0.63 6.30 0.30 1.10 N. Africa 7/ Aug 11.56 21.55 27.95 1.95 47.70 1.01 12.36 Sep 11.57 21.55 27.95 1.95 47.70 1.01 12.36 Nigeria Aug 0.70 0.06 5.60 0.05 5.65 0.40 0.31 Sep 0.79 0.06 5.80 0.05 5.75 0.50 0.39 Sel. Mideast 8/ Aug 13.36 20.49 19.11 3.67 39.81 0.49 12.66 Sep 12.71 20.49 19.51 3.67 39.81 0.49 12.41 Southeast Asia 9/ Aug 5.29 0.00 25.75 7.00 24.95 1.16 4.93 Sep 5.42 0.00 25.75 7.00 24.95 1.16 5.06 Selected Other India Aug 27.10 108.00 0.03 7.00 105.00 2.70 27.43 Sep 27.80 109.52 0.03 7.00 105.00 3.50 28.85 Kazakhstan Aug 1.34 12.50 0.50 1.30 6.05 7.20 1.09 Sep 1.47 12.50 0.80 1.50 6.30 7.20 1.27 United Kingdom Aug 1.46 15.00 2.00 7.70 15.70 0.70 2.06 Sep 1.46 15.00 2.00 7.70 15.70 0.70 2.06 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2021 WASDE - 616 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 351.97 1,415.27 204.92 882.97 1,430.66 210.81 336.58 World Less China 141.58 1,147.09 187.44 682.15 1,135.59 210.77 135.63 United States 60.47 359.43 3.11 154.52 320.73 50.45 51.83 Total Foreign 291.50 1,055.84 201.81 728.44 1,109.94 160.36 284.75 Major Exporters 4/ 19.62 307.86 4.58 134.33 179.24 128.59 24.23 Argentina 3.62 58.13 0.02 12.12 17.78 39.32 4.68 Australia 2.43 11.90 0.01 5.61 7.57 3.87 2.89 Brazil 5.67 105.82 2.31 61.71 72.84 35.23 5.72 Canada 3.29 28.61 1.92 17.23 24.93 4.91 3.98 Russia 1.22 40.50 0.18 22.29 31.39 8.63 1.87 Ukraine 2.04 46.55 0.03 8.89 11.89 34.08 2.65 Major Importers 5/ 37.34 248.23 142.37 292.94 375.02 15.98 36.94 European Union 6/ 14.51 152.74 19.42 119.65 158.63 13.65 14.39 Japan 1.75 0.23 17.63 13.91 17.87 0.00 1.74 Mexico 5.78 32.10 17.60 30.83 50.31 1.03 4.14 N. Afr & Mideast 7/ 7.39 33.22 41.65 64.98 73.45 0.69 8.12 Saudi Arabia 1.70 0.20 11.22 11.05 11.40 0.00 1.72 Southeast Asia 8/ 3.38 29.40 18.20 38.50 46.55 0.61 3.82 South Korea 1.86 0.28 11.98 9.55 12.09 0.00 2.02 Selected Other China 210.40 268.18 17.48 200.82 295.07 0.04 200.94 2020/21 Est. Beginning Stocks Production Imports Domes tic Feed Domes tic Total 2/ Exports Ending Stocks World 3/ 336.58 1,427.18 232.08 905.23 1,447.20 228.35 316.56 World Less China 135.63 1,159.16 186.18 685.18 1,135.80 228.33 113.11 United States 51.83 374.57 2.50 149.77 318.95 77.32 32.63 Total Foreign 284.75 1,052.61 229.58 755.46 1,128.26 151.03 283.93 Major Exporters 4/ 24.23 293.43 6.33 134.65 180.15 121.33 22.51 Argentina 4.68 58.55 0.01 12.23 17.86 42.11 3.26 Australia 2.89 16.45 0.00 5.78 7.74 8.68 2.92 Brazil 5.72 89.96 4.10 61.52 72.56 22.03 5.21 Canada 3.98 29.64 2.01 16.93 24.68 7.23 3.73 Russia 1.87 41.40 0.09 21.57 31.14 10.24 1.98 Ukraine 2.65 39.59 0.07 9.35 12.50 27.85 1.96 Major Importers 5/ 36.94 250.74 137.12 294.30 376.20 13.29 35.31 European Union 6/ 14.39 154.04 15.36 120.44 159.29 11.01 13.49 Japan 1.74 0.23 16.94 13.34 17.22 0.00 1.69 Mexico 4.14 31.96 17.04 29.83 49.32 0.73 3.09 N. Afr & Mideast 7/ 8.12 33.57 37.67 62.82 71.03 0.67 7.66 Saudi Arabia 1.72 0.19 11.21 11.15 11.51 0.00 1.62 Southeast Asia 8/ 3.82 30.45 22.83 43.05 51.41 0.89 4.81 South Korea 2.02 0.22 11.59 9.14 11.64 0.00 2.19 Selected Other China 200.94 268.02 45.90 220.05 311.40 0.02 203.44 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grai n in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Afr ica and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2021 WASDE - 616 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Aug 311.55 1,484.40 230.88 916.92 1,484.94 245.10 311.01 Sep 316.56 1,496.89 232.51 923.09 1,489.63 248.84 323.82 World Less China Aug 112.51 1,209.00 185.18 688.42 1,163.64 245.05 112.22 Sep 113.11 1,216.49 186.81 691.19 1,167.93 248.79 116.02 United States Aug 30.85 388.28 2.32 146.09 318.64 69.26 33.56 Sep 32.63 395.67 2.22 148.62 321.07 71.23 38.23 Total Foreign Aug 280.70 1,096.12 228.56 770.84 1,166.31 175.85 277.45 Sep 283.93 1,101.22 230.29 774.47 1,168.56 177.61 285.59 Major Exporters 4/ Aug 23.72 333.43 4.71 140.69 187.25 148.85 25.76 Sep 22.51 333.70 5.68 140.55 186.51 150.58 24.80 Argentina Aug 3.06 60.77 0.01 12.95 18.62 41.71 3.52 Sep 3.26 62.78 0.01 12.95 18.62 43.71 3.72 Australia Aug 3.67 14.70 0.00 6.61 8.67 7.38 2.32 Sep 2.92 15.70 0.00 6.46 8.52 7.98 2.12 Brazil Aug 5.21 122.02 2.40 65.59 77.73 43.03 8.88 Sep 5.21 122.02 2.40 65.59 77.73 43.03 8.88 Canada Aug 4.01 26.15 2.11 16.30 23.60 5.46 3.21 Sep 3.73 24.87 3.11 17.24 24.54 4.56 2.62 Russia Aug 2.37 41.90 0.10 22.85 32.40 10.15 1.82 Sep 1.98 39.90 0.10 21.70 30.65 9.98 1.35 Ukraine Aug 1.76 50.32 0.03 9.01 12.20 37.93 1.97 Sep 1.96 50.82 0.03 9.21 12.40 38.13 2.27 Major Importers 5/ Aug 35.33 248.11 137.99 293.61 376.20 13.11 32.12 Sep 35.31 248.21 138.81 294.01 376.70 13.41 32.23 European Union 6/ Aug 13.52 153.45 16.39 119.23 158.20 11.15 14.01 Sep 13.49 153.65 16.41 119.03 158.00 11.45 14.11 Japan Aug 1.69 0.20 17.24 13.78 17.72 0.00 1.41 Sep 1.69 0.20 17.24 13.78 17.72 0.00 1.41 Mexico Aug 3.06 33.75 17.00 30.61 50.09 0.70 3.02 Sep 3.09 33.75 17.50 30.81 50.29 0.70 3.35 N. Afr & Mideast 7/ Aug 7.65 30.30 39.21 61.72 70.39 0.42 6.36 Sep 7.66 30.30 39.41 61.92 70.59 0.42 6.36 Saudi Arabia Aug 1.62 0.20 11.21 11.26 11.61 0.00 1.42 Sep 1.62 0.20 11.21 11.26 11.61 0.00 1.42 Southeast Asia 8/ Aug 4.83 29.91 20.85 43.05 51.45 0.85 3.29 Sep 4.81 29.81 20.95 43.25 51.75 0.85 2.98 South Korea Aug 2.19 0.22 11.61 9.55 12.06 0.00 1.97 Sep 2.19 0.22 11.61 9.55 12.06 0.00 1.97 Selected Other China Aug 199.03 275.40 45.70 228.50 321.30 0.05 198.78 Sep 203.44 280.40 45.70 231.90 321.70 0.05 207.79 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some coun tries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, an d Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indone sia, Malaysia, Philippines, Thailand, and Vietnam. September 2021 WASDE - 616 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 322.60 1,118.66 167.61 715.92 1,135.17 172.40 306.09 World Less China 112.42 857.88 160.03 522.92 857.17 172.39 105.56 United States 56.41 345.96 1.06 149.86 309.55 45.13 48.76 Total Foreign 266.19 772.70 166.54 566.06 825.63 127.27 257.33 Major Exporters 4/ 9.97 219.01 1.73 88.40 110.40 107.03 13.27 Argentina 2.37 51.00 0.00 9.50 13.50 36.25 3.62 Brazil 5.31 102.00 1.65 58.50 68.50 35.23 5.23 Russia 0.38 14.28 0.05 8.80 9.80 4.07 0.83 South Africa 1.02 15.84 0.00 6.40 12.20 2.55 2.12 Ukraine 0.89 35.89 0.03 5.20 6.40 28.93 1.48 Major Importers 5/ 22.24 129.30 93.95 163.05 217.45 7.04 21.01 Egypt 1.81 6.40 10.43 14.40 16.90 0.01 1.73 European Union 6/ 7.64 66.74 17.38 59.00 78.80 5.39 7.58 Japan 1.45 0.00 15.89 12.40 15.95 0.00 1.39 Mexico 5.16 26.66 16.53 25.60 43.80 1.03 3.52 Southeast Asia 7/ 3.37 29.35 17.26 37.70 45.55 0.61 3.81 South Korea 1.84 0.08 11.88 9.50 11.80 0.00 2.00 Selected Other 0.00 Canada 1.98 13.40 1.84 8.64 13.96 0.71 2.56 China 210.18 260.78 7.58 193.00 278.00 0.01 200.53 2020/21 Est. Beginning Stocks Production Imports Domes tic Feed Domes tic Total 2 / Exports Ending Stocks World 3/ 306.09 1,117.11 185.10 725.41 1,136.72 179.59 286.48 World Less China 105.56 856.44 159.10 522.41 851.72 179.58 84.30 United States 48.76 360.25 0.64 145.42 309.77 69.73 30.15 Total Foreign 257.33 756.86 184.46 579.99 826.95 109.86 256.33 Major Exporters 4/ 13.27 197.17 3.57 90.30 112.40 90.10 11.51 Argentina 3.62 50.00 0.01 10.00 14.00 37.50 2.12 Brazil 5.23 86.00 3.50 58.00 68.00 22.00 4.73 Russia 0.83 13.87 0.04 9.00 10.10 3.80 0.84 South Africa 2.12 17.00 0.00 7.20 13.00 3.20 2.92 Ukraine 1.48 30.30 0.02 6.10 7.30 23.60 0.90 Major Importers 5/ 21.01 128.43 92.72 162.55 217.05 4.90 20.21 Egypt 1.73 6.40 10.00 14.10 16.60 0.01 1.52 European Union 6/ 7.58 64.47 14.00 56.10 75.80 3.30 6.94 Japan 1.39 0.00 15.40 11.90 15.40 0.00 1.39 Mexico 3.52 27.00 16.50 25.50 43.70 0.70 2.62 Southeast Asia 7/ 3.81 30.40 20.92 41.35 49.45 0.89 4.80 South Korea 2.00 0.08 11.50 9.10 11.40 0.00 2.18 Selected Other 0.00 Canada 2.56 13.56 1.70 8.80 14.00 1.53 2.29 China 200.53 260.67 26.00 203.00 285.00 0.01 202.19 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2021 WASDE - 616 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Aug 280.75 1,186.12 184.61 743.89 1,182.24 197.85 284.63 Sep 286.48 1,197.77 185.95 749.24 1,186.62 201.27 297.63 World Less China Aug 82.58 918.12 158.61 532.89 888.24 197.83 86.48 Sep 84.30 924.77 159.95 535.24 892.62 201.25 90.46 United States Aug 28.37 374.68 0.64 142.88 311.16 60.96 31.56 Sep 30.15 380.93 0.64 144.79 313.07 62.87 35.77 Total Foreign Aug 252.38 811.44 183.97 601.01 871.07 136.89 253.08 Sep 256.33 816.84 185.31 604.45 873.55 138.41 261.85 Major Exporters 4/ Aug 11.60 241.50 1.77 96.00 119.40 119.20 16.27 Sep 11.51 242.50 1.77 95.40 118.70 121.00 16.08 Argentina Aug 1.92 51.00 0.01 10.50 14.50 36.00 2.43 Sep 2.12 53.00 0.01 10.50 14.50 38.00 2.63 Brazil Aug 4.73 118.00 1.70 62.00 73.00 43.00 8.43 Sep 4.73 118.00 1.70 62.00 73.00 43.00 8.43 Russia Aug 0.94 16.50 0.05 10.60 11.80 5.00 0.69 Sep 0.84 15.50 0.05 10.00 11.10 4.80 0.49 South Africa Aug 3.12 17.00 0.00 7.30 13.30 3.20 3.62 Sep 2.92 17.00 0.00 7.30 13.30 3.20 3.42 Ukraine Aug 0.89 39.00 0.02 5.60 6.80 32.00 1.11 Sep 0.90 39.00 0.02 5.60 6.80 32.00 1.11 Major Importers 5/ Aug 20.23 129.92 92.10 164.00 218.80 5.35 18.10 Sep 20.21 129.82 92.40 164.20 219.00 5.35 18.08 Egypt Aug 1.52 6.40 10.00 14.10 16.60 0.01 1.32 Sep 1.52 6.40 10.00 14.10 16.60 0.01 1.32 European Union 6/ Aug 6.94 65.50 15.00 56.50 76.30 3.80 7.34 Sep 6.94 65.50 15.00 56.50 76.30 3.80 7.34 Japan Aug 1.39 0.00 15.60 12.30 15.85 0.00 1.14 Sep 1.39 0.00 15.60 12.30 15.85 0.00 1.14 Mexico Aug 2.62 28.00 16.50 25.80 44.00 0.70 2.42 Sep 2.62 28.00 17.00 26.00 44.20 0.70 2.72 Southeast Asia 7/ Aug 4.82 29.86 19.10 41.40 49.65 0.85 3.28 Sep 4.80 29.76 18.90 41.40 49.65 0.85 2.97 South Korea Aug 2.18 0.08 11.50 9.50 11.80 0.00 1.95 Sep 2.18 0.08 11.50 9.50 11.80 0.00 1.95 Selected Other Canada Aug 2.32 13.60 2.00 9.60 14.80 1.00 2.12 Sep 2.29 13.60 3.00 10.60 15.80 1.00 2.09 China Aug 198.18 268.00 26.00 211.00 294.00 0.02 198.16 Sep 202.19 273.00 26.00 214.00 294.00 0.02 207.17 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2021 WASDE - 616 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 176.61 498.29 42.32 493.15 43.38 181.75 World Less China 61.61 351.56 39.72 347.92 40.78 65.25 United States 1.42 5.88 1.19 4.59 2.99 0.91 Total Foreign 175.19 492.41 41.14 488.56 40.39 180.84 Major Exporters 4/ 36.69 183.69 0.66 149.33 30.48 41.22 Burma 1.06 12.65 0.00 10.40 2.30 1.01 India 29.50 118.87 0.00 101.98 12.49 33.90 Pakistan 0.95 7.41 0.01 3.40 3.82 1.15 Thailand 4.08 17.66 0.25 12.30 5.71 3.98 Vietnam 1.10 27.10 0.40 21.25 6.17 1.18 Major Importers 5/ 127.82 239.80 13.97 249.85 3.18 128.55 China 115.00 146.73 2.60 145.23 2.60 116.50 European Union 6/ 1.19 1.99 2.00 3.39 0.53 1.26 Indonesia 4.06 34.70 0.55 36.00 0.00 3.31 Nigeria 1.22 5.04 1.40 6.85 0.00 0.81 Philippines 3.52 11.93 2.45 14.30 0.00 3.60 Sel. Mideast 7/ 0.89 2.34 3.97 5.98 0.00 1.22 Selected Other 0.00 Brazil 0.25 7.60 0.87 7.30 1.22 0.21 C. Amer & Carib 8/ 0.58 1.59 1.86 3.39 0.04 0.61 Egypt 0.95 4.30 0.30 4.30 0.02 1.23 Japan 2.05 7.61 0.71 8.35 0.03 1.98 Mexico 0.15 0.18 0.80 0.94 0.02 0.18 South Korea 1.09 3.74 0.45 4.10 0.06 1.14 2020/21 Est. Beginning Stocks Production Imports Total /2 Domes tic Exports Ending Stocks World 3/ 181.75 506.23 45.85 502.02 48.50 185.97 World Less China 65.25 357.93 41.65 351.74 46.28 69.47 United States 0.91 7.23 1.08 4.85 2.98 1.39 Total Foreign 180.84 499.01 44.76 497.17 45.52 184.58 Major Exporters 4/ 41.22 189.32 1.41 150.72 36.85 44.38 Burma 1.01 12.60 0.00 10.55 1.85 1.21 India 33.90 122.27 0.00 102.67 19.00 34.50 Pakistan 1.15 8.18 0.00 3.60 4.10 1.64 Thailand 3.98 18.83 0.20 12.70 5.60 4.71 Vietnam 1.18 27.44 1.20 21.20 6.30 2.32 Major Importers 5/ 128.55 240.73 16.77 255.13 2.75 128.17 China 116.50 148.30 4.20 150.28 2.22 116.50 European Union 6/ 1.26 1.95 1.80 3.40 0.50 1.11 Indonesia 3.31 35.30 0.60 35.80 0.00 3.41 Nigeria 0.81 4.89 1.90 6.90 0.00 0.70 Philippines 3.60 12.42 2.10 14.45 0.00 3.66 Sel. Mideast 7/ 1.22 2.31 3.60 6.00 0.00 1.12 Selected Other 0.00 Brazil 0.21 8.00 0.70 7.45 0.85 0.61 C. Amer & Carib 8/ 0.61 1.61 1.78 3.39 0.03 0.57 Egypt 1.23 4.00 0.35 4.30 0.01 1.28 Japan 1.98 7.57 0.69 8.25 0.08 1.90 Mexico 0.18 0.21 0.80 0.96 0.02 0.21 South Korea 1.14 3.51 0.45 4.00 0.06 1.04 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. September 2021 WASDE - 616 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Aug 176.95 507.45 45.65 514.25 47.67 170.14 Sep 185.97 507.95 45.86 512.07 48.53 181.85 World Less China Aug 60.45 358.45 42.05 358.55 45.27 59.14 Sep 69.47 358.95 42.26 356.37 46.13 70.85 United States Aug 1.40 6.27 1.21 4.79 2.89 1.18 Sep 1.39 6.05 1.21 4.67 2.89 1.09 Total Foreign Aug 175.55 501.18 44.44 509.46 44.78 168.96 Sep 184.58 501.90 44.65 507.40 45.64 180.76 Major Exporters 4/ Aug 35.53 188.60 0.71 156.60 35.20 33.03 Sep 44.38 189.60 0.71 153.80 36.05 44.83 Burma Aug 1.21 12.80 0.00 10.70 2.00 1.32 Sep 1.21 12.80 0.00 10.70 2.00 1.32 India Aug 25.90 121.00 0.00 108.00 16.00 22.90 Sep 34.50 122.00 0.00 105.00 17.00 34.50 Pakistan Aug 1.59 8.20 0.01 3.70 4.30 1.79 Sep 1.64 8.20 0.01 3.80 4.15 1.89 Thailand Aug 4.51 19.50 0.20 12.90 6.50 4.81 Sep 4.71 19.50 0.20 13.00 6.50 4.91 Vietnam Aug 2.32 27.10 0.50 21.30 6.40 2.22 Sep 2.32 27.10 0.50 21.30 6.40 2.22 Major Importers 5/ Aug 128.22 243.24 16.15 261.07 2.97 123.57 Sep 128.17 243.24 16.25 261.17 2.97 123.53 China Aug 116.50 149.00 3.60 155.70 2.40 111.00 Sep 116.50 149.00 3.60 155.70 2.40 111.00 European Union 6/ Aug 1.11 1.89 2.00 3.45 0.55 1.00 Sep 1.11 1.89 2.00 3.45 0.55 1.00 Indonesia Aug 3.41 35.35 0.60 35.60 0.00 3.76 Sep 3.41 35.35 0.60 35.60 0.00 3.76 Nigeria Aug 0.70 5.00 2.00 6.95 0.00 0.75 Sep 0.70 5.00 2.00 6.95 0.00 0.75 Philippines Aug 3.71 12.30 2.10 14.50 0.00 3.61 Sep 3.66 12.30 2.10 14.50 0.00 3.56 Sel. Mideast 7/ Aug 1.12 2.25 3.90 6.17 0.00 1.11 Sep 1.12 2.25 3.90 6.17 0.00 1.11 Selected Other Brazil Aug 0.61 8.02 0.65 7.45 1.05 0.78 Sep 0.61 8.02 0.65 7.45 1.05 0.78 C. Amer & Carib 8/ Aug 0.61 1.62 1.93 3.46 0.02 0.68 Sep 0.57 1.65 1.91 3.46 0.02 0.65 Egypt Aug 1.16 3.45 0.60 4.30 0.02 0.89 Sep 1.28 2.90 0.90 4.25 0.01 0.82 Japan Aug 1.90 7.58 0.69 8.20 0.07 1.90 Sep 1.90 7.58 0.69 8.20 0.07 1.90 Mexico Aug 0.21 0.22 0.80 0.97 0.01 0.25 Sep 0.21 0.22 0.80 0.97 0.01 0.25 South Korea Aug 1.04 3.77 0.41 3.90 0.06 1.26 Sep 1.04 3.82 0.41 3.95 0.06 1.26 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. September 2021 WASDE - 616 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2019/20 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 80.10 121.40 40.74 102.81 41.23 -0.03 98.22 World Less China 44.43 94.15 33.60 69.81 41.08 -0.03 61.33 United States 4.85 19.91 3/ 2.15 15.51 -0.15 7.25 Total Foreign 75.25 101.49 40.74 100.66 25.72 0.12 90.97 Major Exporters 4/ 28.35 57.81 2.92 28.18 21.23 0.02 39.64 Central Asia 5/ 2.28 5.96 3/ 3.92 1.78 0.00 2.55 Afr. Fr. Zone 6/ 1.41 5.91 3/ 0.14 4.66 0.00 2.52 S. Hemis. 7/ 15.34 16.69 0.14 3.56 11.34 0.01 17.25 Australia 1.57 0.63 3/ 0.04 1.36 0.00 0.80 Brazil 12.26 13.78 0.01 2.70 8.94 0.00 14.40 India 9.00 28.80 2.28 20.00 3.20 0.00 16.88 Major Importers 8/ 44.93 40.62 35.44 68.84 3.19 0.10 48.87 Mexico 0.69 1.57 0.59 1.48 0.66 0.03 0.69 China 35.67 27.25 7.14 33.00 0.16 0.00 36.90 European Union 9/ 0.28 2.00 0.58 0.59 1.82 0.02 0.42 Turkey 1.69 3.45 4.67 6.60 0.45 0.00 2.77 Pakistan 2.50 6.20 3.98 9.20 0.06 0.03 3.39 Indonesia 0.53 3/ 2.51 2.40 0.00 0.00 0.64 Thailand 0.20 3/ 0.70 0.78 0.00 0.02 0.10 Bangladesh 1.78 0.14 7.50 6.90 0.00 0.01 2.52 Vietnam 1.23 3/ 6.48 6.60 0.00 0.00 1.11 2020/21 Est. Beginning Stocks Production Imports Domes tic Use Exports Los s /2 Ending Stocks World 98.22 112.39 48.91 119.64 48.48 0.11 91.30 World Less China 61.33 82.89 36.04 79.64 48.47 0.11 52.05 United States 7.25 14.61 3/ 2.35 16.37 -0.01 3.15 Total Foreign 90.97 97.78 48.91 117.29 32.11 0.12 88.15 Major Exporters 4/ 39.64 54.92 1.60 32.96 27.58 0.02 35.61 Central Asia 5/ 2.55 5.80 0.01 4.17 1.97 0.00 2.21 Afr. Fr. Zone 6/ 2.52 4.84 3/ 0.14 5.05 0.00 2.17 S. Hemis. 7/ 17.25 15.62 0.14 4.03 13.80 0.01 15.17 Australia 0.80 2.80 3/ 0.04 1.60 0.00 1.96 Brazil 14.40 10.75 0.01 3.10 11.01 0.00 11.05 India 16.88 28.30 0.85 24.00 6.20 0.00 15.83 Major Importers 8/ 48.87 39.75 45.00 80.56 3.08 0.10 49.89 Mexico 0.69 1.02 0.88 1.65 0.50 0.03 0.41 China 36.90 29.50 12.87 40.00 0.01 0.00 39.26 European Union 9/ 0.42 1.68 0.57 0.61 1.92 0.01 0.13 Turkey 2.77 2.90 5.33 7.70 0.59 0.00 2.71 Pakistan 3.39 4.50 5.33 10.60 0.03 0.03 2.57 Indonesia 0.64 3/ 2.31 2.50 0.01 0.00 0.45 Thailand 0.10 3/ 0.60 0.57 0.00 0.03 0.11 Bangladesh 2.52 0.15 8.75 8.50 0.00 0.01 2.90 Vietnam 1.11 3/ 7.28 7.30 0.00 0.00 1.09 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, re flects the difference between implicit stocks based on suppl y less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regi ons listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. September 2021 WASDE - 616 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2021/22 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Aug 91.78 118.84 46.25 123.33 46.25 0.07 87.23 Sep 91.30 119.59 46.76 124.14 46.76 0.07 86.68 World Less China Aug 52.64 92.09 36.25 82.33 46.20 0.07 52.39 Sep 52.05 92.84 36.76 83.14 46.71 0.07 51.73 United States Aug 3.20 17.26 3/ 2.50 15.00 -0.03 3.00 Sep 3.15 18.51 3/ 2.50 15.50 -0.04 3.70 filler filler filler filler filler filler filler Total Foreign Aug 88.58 101.58 46.25 120.83 31.25 0.11 84.23 Sep 88.15 101.08 46.76 121.64 31.26 0.11 82.98 Major Exporters 4/ Aug 36.07 60.32 1.78 34.58 26.95 0.02 36.61 Sep 35.61 59.92 1.78 34.74 26.94 0.02 35.61 Central Asia 5/ Aug 2.29 5.48 0.02 4.25 1.46 0.00 2.08 Sep 2.21 5.48 0.02 4.28 1.46 0.00 1.96 Afr. Fr. Zone 6/ Aug 2.17 6.16 3/ 0.14 6.07 0.00 2.11 Sep 2.17 5.86 3/ 0.14 5.91 0.00 1.98 S. Hemis. 7/ Aug 15.50 19.23 0.16 4.08 12.98 0.01 17.83 Sep 15.17 19.63 0.16 4.20 13.13 0.01 17.63 Australia Aug 2.22 4.40 3/ 0.04 3.50 0.00 3.08 Sep 1.96 4.70 3/ 0.04 3.60 0.00 3.03 filler filler filler filler filler filler filler Brazil Aug 11.15 12.50 0.03 3.10 8.20 0.00 12.37 Sep 11.05 12.50 0.03 3.20 8.20 0.00 12.17 India Aug 15.88 29.00 1.00 25.50 6.00 0.00 14.38 Sep 15.83 28.50 1.00 25.50 6.00 0.00 13.83 Major Importers 8/ Aug 49.86 38.14 42.00 82.32 2.64 0.09 44.96 Sep 49.89 38.04 42.51 82.98 2.67 0.09 44.71 Mexico Aug 0.41 1.05 0.90 1.65 0.30 0.03 0.39 Sep 0.41 1.05 0.90 1.65 0.30 0.03 0.39 China Aug 39.14 26.75 10.00 41.00 0.05 0.00 34.84 Sep 39.26 26.75 10.00 41.00 0.05 0.00 34.96 European Union 9/ Aug 0.14 1.79 0.59 0.64 1.72 0.00 0.16 Sep 0.13 1.69 0.60 0.63 1.65 0.00 0.14 Turkey Aug 2.72 3.40 5.20 8.20 0.50 0.00 2.62 Sep 2.71 3.40 5.20 8.30 0.60 0.00 2.41 Pakistan Aug 2.74 5.00 5.60 10.60 0.05 0.03 2.67 Sep 2.57 5.00 5.90 11.00 0.05 0.03 2.39 Indonesia Aug 0.49 3/ 2.45 2.50 0.01 0.00 0.44 Sep 0.45 3/ 2.50 2.50 0.01 0.00 0.44 Thailand Aug 0.11 3/ 0.58 0.55 0.00 0.03 0.11 Sep 0.11 3/ 0.60 0.58 0.00 0.03 0.10 Bangladesh Aug 2.75 0.15 8.00 8.50 0.00 0.01 2.39 Sep 2.90 0.15 8.20 8.70 0.00 0.01 2.54 Vietnam Aug 1.09 3/ 7.60 7.60 0.00 0.00 1.10 Sep 1.09 3/ 7.50 7.50 0.00 0.00 1.10 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on suppl y less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso , Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. September 2021 WASDE - 616 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 114.71 339.73 164.97 312.43 358.44 165.06 95.90 World Less China 95.25 321.63 66.43 220.93 249.24 164.97 69.10 United States 24.74 96.67 0.42 58.91 61.85 45.70 14.28 Total Foreign 89.97 243.07 164.55 253.52 296.60 119.36 81.63 Major Exporters 3/ 62.44 189.39 5.45 89.09 99.14 110.68 47.46 Argentina 28.89 48.80 4.88 38.77 45.87 10.00 26.70 Brazil 32.47 128.50 0.55 46.74 49.39 92.14 20.00 Paraguay 1.06 10.10 0.01 3.50 3.80 6.62 0.75 Major Importers 4/ 22.07 21.76 131.88 120.06 145.92 0.34 29.45 China 19.46 18.10 98.53 91.50 109.20 0.09 26.80 European Union 1.52 2.62 14.95 15.60 17.32 0.23 1.54 Southeast Asia 0.74 0.60 9.32 4.50 9.81 0.02 0.83 Mexico 0.18 0.24 5.75 6.00 6.05 0.00 0.11 2020/21 Est. Beginning Stocks Production Imports Domes tic C rus h Domes tic Tota l Exports Ending Stocks World 2/ 95.90 363.27 166.71 317.99 365.06 165.74 95.08 World Less China 69.10 343.67 67.71 223.99 252.54 165.67 62.28 United States 14.28 112.55 0.54 58.24 61.10 61.51 4.76 Total Foreign 81.63 250.72 166.16 259.75 303.96 104.24 90.31 Major Exporters 3/ 47.46 195.03 6.12 90.93 101.08 95.86 51.67 Argentina 26.70 46.00 5.10 40.80 48.00 5.20 24.60 Brazil 20.00 137.00 1.00 46.75 49.40 82.00 26.60 Paraguay 0.75 9.90 0.01 3.30 3.60 6.60 0.46 Major Importers 4/ 29.45 23.24 132.92 123.46 150.24 0.30 35.08 China 26.80 19.60 99.00 94.00 112.53 0.08 32.80 European Union 1.54 2.58 15.00 16.10 17.82 0.20 1.09 Southeast Asia 0.83 0.58 9.67 4.81 10.19 0.02 0.87 Mexico 0.11 0.25 6.00 6.20 6.25 0.00 0.10 2021/22 Proj. Beginning Stocks Production Imports Domes tic C rus h Domes tic Tota l Exports Ending Stocks World 2/ Aug 92.82 383.63 170.61 329.57 378.59 172.33 96.15 Sep 95.08 384.42 170.94 329.35 378.37 173.17 98.89 World Less China Aug 62.02 364.63 69.61 231.57 260.89 172.23 63.15 Sep 62.28 365.42 69.94 231.35 260.67 173.07 63.90 United States Aug 4.34 118.08 0.95 60.01 63.24 55.93 4.21 Sep 4.76 119.04 0.68 59.33 62.57 56.88 5.04 Total Foreign Aug 88.48 265.55 169.66 269.56 315.35 116.40 91.93 Sep 90.31 265.38 170.26 270.02 315.80 116.29 93.86 Major Exporters 3/ Aug 51.87 209.10 5.37 94.53 104.83 108.38 53.12 Sep 51.67 209.10 5.37 94.53 104.83 108.38 52.92 Argentina Aug 25.30 52.00 4.70 43.00 50.35 6.35 25.30 Sep 24.60 52.00 4.70 43.00 50.35 6.35 24.60 Brazil Aug 26.10 144.00 0.65 47.70 50.35 93.00 27.40 Sep 26.60 144.00 0.65 47.70 50.35 93.00 27.90 Paraguay Aug 0.46 10.50 0.01 3.75 4.05 6.50 0.42 Sep 0.46 10.50 0.01 3.75 4.05 6.50 0.42 Major Importers 4/ Aug 33.08 22.87 135.35 127.75 155.70 0.35 35.25 Sep 35.08 22.90 135.35 127.75 155.70 0.35 37.28 China Aug 30.80 19.00 101.00 98.00 117.70 0.10 33.00 Sep 32.80 19.00 101.00 98.00 117.70 0.10 35.00 European Union Aug 1.09 2.80 15.00 15.90 17.62 0.23 1.05 Sep 1.09 2.83 15.00 15.90 17.62 0.23 1.08 Southeast Asia Aug 0.87 0.53 9.85 4.98 10.36 0.02 0.87 Sep 0.87 0.53 9.85 4.98 10.36 0.02 0.87 Mexico Aug 0.10 0.30 6.20 6.40 6.45 0.00 0.15 Sep 0.10 0.30 6.20 6.40 6.45 0.00 0.15 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includ es Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to rounding. September 2021 WASDE - 616 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.92 245.22 61.98 240.76 67.68 12.67 World Less China 13.92 172.75 61.93 169.25 66.67 12.67 United States 0.37 46.36 0.58 34.44 12.55 0.31 Total Foreign 13.56 198.86 61.40 206.32 55.13 12.36 Major Exporters 3/ 5.98 72.82 0.03 27.37 45.85 5.61 Argentina 2.06 29.87 0.00 3.20 27.46 1.27 Brazil 3.54 36.23 0.01 18.50 17.50 3.78 India 0.38 6.72 0.02 5.67 0.89 0.57 Major Importers 4/ 2.16 22.44 37.06 58.95 1.10 1.62 European Union 0.86 12.32 16.33 28.32 0.88 0.33 Mexico 0.26 4.75 1.82 6.73 0.01 0.10 Southeast Asia 5/ 1.01 3.51 17.05 20.31 0.21 1.05 China 0.00 72.47 0.05 71.51 1.01 0.00 2020/21 Est. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ 12.67 249.75 64.05 245.70 69.35 11.43 World Less China 12.67 175.31 63.97 172.42 68.10 11.43 United States 0.31 45.96 0.75 33.82 12.79 0.41 Total Foreign 12.36 203.80 63.31 211.88 56.56 11.02 Major Exporters 3/ 5.61 75.21 0.46 28.47 47.30 5.51 Argentina 1.27 31.45 0.00 3.32 28.20 1.20 Brazil 3.78 36.24 0.02 19.10 17.10 3.83 India 0.57 7.52 0.44 6.05 2.00 0.48 Major Importers 4/ 1.62 23.15 37.53 59.47 1.23 1.59 European Union 0.33 12.73 16.75 28.59 0.80 0.41 Mexico 0.10 4.90 1.88 6.75 0.01 0.12 Southeast Asia 5/ 1.05 3.75 17.05 20.52 0.42 0.91 China 0.00 74.45 0.08 73.28 1.25 0.00 2021/22 Proj. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ Aug 11.55 258.69 64.29 252.72 70.21 11.59 Sep 11.43 258.46 65.24 253.00 70.58 11.54 World Less China Aug 11.55 181.07 64.23 176.15 69.11 11.59 Sep 11.43 180.84 65.18 176.43 69.48 11.54 United States Aug 0.41 47.22 0.41 34.70 12.88 0.45 Sep 0.41 46.63 0.41 34.11 12.88 0.45 Total Foreign Aug 11.15 211.47 63.88 218.02 57.33 11.14 Sep 11.02 211.83 64.83 218.89 57.70 11.08 Major Exporters 3/ Aug 5.61 77.88 0.05 29.64 48.20 5.70 Sep 5.51 77.88 0.85 30.44 48.20 5.60 Argentina Aug 1.40 33.15 0.00 3.40 29.50 1.65 Sep 1.20 33.15 0.00 3.40 29.50 1.45 Brazil Aug 3.73 36.97 0.02 20.00 17.00 3.72 Sep 3.83 36.97 0.02 20.00 17.00 3.82 India Aug 0.48 7.76 0.03 6.24 1.70 0.34 Sep 0.48 7.76 0.83 7.04 1.70 0.34 Major Importers 4/ Aug 1.74 23.37 37.90 60.07 1.09 1.85 Sep 1.59 23.37 37.90 60.07 1.09 1.70 European Union Aug 0.46 12.57 17.00 28.59 0.85 0.59 Sep 0.41 12.57 17.00 28.59 0.85 0.54 Mexico Aug 0.12 5.06 1.93 7.00 0.01 0.09 Sep 0.12 5.06 1.93 7.00 0.01 0.09 Southeast Asia 5/ Aug 1.01 3.88 17.17 20.79 0.24 1.04 Sep 0.91 3.88 17.17 20.79 0.24 0.94 China Aug 0.00 77.62 0.06 76.58 1.10 0.00 Sep 0.00 77.62 0.06 76.58 1.10 0.00 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. September 2021 WASDE - 616 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 4.37 58.54 11.39 57.23 12.31 4.76 World Less China 3.87 42.14 10.39 40.14 12.15 4.11 United States 0.81 11.30 0.15 10.12 1.29 0.84 Total Foreign 3.57 47.24 11.25 47.11 11.02 3.92 Major Exporters 3/ 1.07 20.33 0.55 12.42 8.12 1.41 Argentina 0.43 7.70 0.00 2.18 5.40 0.55 Brazil 0.32 9.00 0.07 7.77 1.16 0.47 European Union 0.26 2.96 0.48 2.43 0.93 0.35 Major Importers 4/ 1.24 19.43 7.04 25.88 0.47 1.36 China 0.50 16.40 1.00 17.09 0.16 0.65 India 0.14 1.51 3.63 5.11 0.02 0.15 North Africa 5/ 0.32 1.05 1.79 2.47 0.29 0.40 2020/21 Est. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ 4.76 59.74 11.67 59.66 12.18 4.33 World Less China 4.11 42.89 10.47 41.76 12.15 3.56 United States 0.84 11.33 0.12 10.67 0.78 0.84 Total Foreign 3.92 48.41 11.55 48.99 11.40 3.49 Major Exporters 3/ 1.41 20.79 0.74 12.66 8.98 1.29 Argentina 0.55 8.10 0.00 2.14 6.05 0.46 Brazil 0.47 9.00 0.26 7.96 1.35 0.42 European Union 0.35 3.06 0.48 2.51 0.98 0.40 Major Importers 4/ 1.36 20.16 6.91 27.03 0.19 1.20 China 0.65 16.85 1.20 17.90 0.03 0.78 India 0.15 1.69 3.60 5.28 0.02 0.15 North Africa 5/ 0.40 1.09 1.46 2.61 0.15 0.19 2021/22 Proj. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ Aug 4.70 61.93 12.10 61.48 12.89 4.36 Sep 4.33 61.86 11.81 61.43 12.60 3.97 World Less China Aug 3.95 44.37 10.93 42.92 12.74 3.59 Sep 3.56 44.30 10.63 42.87 12.45 3.17 United States Aug 0.81 11.66 0.27 11.43 0.66 0.66 Sep 0.84 11.53 0.20 11.34 0.57 0.67 Total Foreign Aug 3.89 50.27 11.83 50.05 12.23 3.70 Sep 3.49 50.33 11.60 50.09 12.03 3.30 Major Exporters 3/ Aug 1.39 21.46 0.50 12.60 9.39 1.36 Sep 1.29 21.46 0.53 12.85 9.19 1.24 Argentina Aug 0.50 8.55 0.00 2.01 6.50 0.55 Sep 0.46 8.55 0.00 2.21 6.30 0.50 Brazil Aug 0.49 9.18 0.05 7.94 1.30 0.49 Sep 0.42 9.18 0.08 7.99 1.30 0.39 European Union Aug 0.40 3.02 0.45 2.61 0.95 0.32 Sep 0.40 3.02 0.45 2.61 0.95 0.32 Major Importers 4/ Aug 1.34 21.08 7.26 27.95 0.44 1.28 Sep 1.20 21.15 7.06 27.79 0.42 1.21 China Aug 0.75 17.56 1.18 18.56 0.15 0.78 Sep 0.78 17.56 1.18 18.56 0.15 0.80 India Aug 0.20 1.75 3.73 5.45 0.02 0.21 Sep 0.15 1.75 3.63 5.35 0.02 0.16 North Africa 5/ Aug 0.25 1.22 1.58 2.60 0.28 0.17 Sep 0.19 1.22 1.58 2.57 0.25 0.17 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. September 2021 WASDE - 616 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2020 III 7,115 7,048 14,213 11,358 1,454 12,958 27,172 2,311 55.4 IV 7,069 7,515 14,633 11,047 1,451 12,630 27,263 2,371 55.6 Annual 27,174 28,303 55,680 44,583 5,743 50,876 106,556 9,283 223.2 2021 I 6,895 7,291 14,235 10,893 1,390 12,410 26,645 2,306 56.8 II 6,957 6,668 13,673 11,231 1,399 12,770 26,443 2,304 58.1 III* 6,970 6,525 13,542 11,450 1,410 13,000 26,542 2,335 56.5 IV* 6,920 7,255 14,225 11,200 1,430 12,760 26,985 2,395 56.4 Annual Aug Proj. 27,872 27,824 55,892 44,734 5,659 50,929 106,821 9,339 228.1 Sep Proj. 27,742 27,739 55,675 44,774 5,629 50,940 106,615 9,340 227.8 2022 I* 6,760 7,155 13,965 11,025 1,405 12,560 26,525 2,335 57.5 II* 6,625 6,630 13,306 11,310 1,415 12,865 26,171 2,335 58.7 Annual Aug Proj. 26,965 28,145 55,309 45,300 5,700 51,545 106,854 9,470 231.2 Sep Proj. 26,875 28,145 55,219 45,340 5,715 51,600 106,819 9,460 230.6 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2020 III 101.74 40.50 66.7 111.3 89.0 18.97 IV 108.18 50.75 75.7 113.6 107.2 19.80 Annual 108.51 43.18 73.2 106.5 112.2 18.24 2021 I 112.98 55.71 84.0 110.1 127.8 17.33 II 120.75 80.92 104.4 117.7 94.2 18.67 III* 124.00 78.00 106.0 129.0 119.0 17.75 IV* 131.00 65.00 95.0 128.0 130.0 18.80 Annual Aug Proj. 121.2 69.7 94.1 120.2 112.8 17.95 Sep Proj. 122.2 69.9 97.4 121.2 117.8 18.15 2022 I* 133.00 60.00 96.0 119.0 121.0 18.45 II* 128.00 61.00 103.0 118.0 110.0 18.20 Annual Aug Proj. 126 56 93 118 114 17.85 Sep Proj. 128 56 96 119 117 18.40 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8 -16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. September 2021 WASDE - 616 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2020 642 27,244 3,342 31,227 2,951 716 27,561 58.4 2021 Proj. Aug 716 27,942 3,117 31,774 3,384 640 27,750 58.6 Sep 716 27,812 3,142 31,669 3,414 640 27,615 58.3 2022 Proj. Aug 640 27,035 3,150 30,825 3,270 640 26,915 56.7 Sep 640 26,945 3,150 30,735 3,270 640 26,825 56.5 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2020 646 28,318 904 29,869 7,280 467 22,121 52.0 2021 Proj. Aug 467 27,839 992 29,299 7,409 460 21,430 50.2 Sep 467 27,754 1,042 29,264 7,334 460 21,470 50.3 2022 Proj. Aug 460 28,160 990 29,610 7,300 505 21,805 50.9 Sep 460 28,160 1,005 29,625 7,300 505 21,820 50.9 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2020 1,330 55,774 4,547 61,651 10,235 1,217 50,199 111.8 2021 Proj. Aug 1,217 55,986 4,410 61,614 10,797 1,132 49,685 110.1 Sep 1,217 55,769 4,504 61,491 10,752 1,130 49,609 110.0 2022 Proj. Aug 1,132 55,404 4,433 60,969 10,576 1,181 49,212 108.9 Sep 1,130 55,314 4,468 60,912 10,575 1,180 49,157 108.8 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2020 937 44,106 145 45,188 7,367 830 36,991 96.2 2021 Proj. Aug 830 44,255 143 45,228 7,506 775 36,947 95.8 Sep 830 44,295 143 45,268 7,466 775 37,027 96.0 2022 Proj. Aug 775 44,815 136 45,726 7,450 795 37,481 96.8 Sep 775 44,855 136 45,766 7,410 795 37,561 97.0 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2020 233 5,743 21 5,997 571 223 5,203 15.8 2021 Proj. Aug 223 5,659 22 5,904 573 200 5,131 15.5 Sep 223 5,629 22 5,874 568 200 5,106 15.4 2022 Proj. Aug 200 5,700 21 5,921 580 225 5,116 15.4 Sep 200 5,715 21 5,936 580 225 5,131 15.4 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2020 1,175 50,398 167 51,740 8,013 1,057 42,670 113.4 2021 Proj. Aug 1,057 50,450 168 51,675 8,133 980 42,562 112.7 Sep 1,057 50,460 168 51,685 8,084 980 42,621 112.8 2022 Proj. Aug 980 51,060 160 52,200 8,086 1,025 43,089 113.7 Sep 980 51,114 160 52,254 8,046 1,025 43,183 113.9 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2020 2,504 106,172 4,715 113,391 18,248 2,274 92,869 225.3 2021 Proj. Aug 2,274 106,436 4,578 113,288 18,930 2,112 92,246 222.8 Sep 2,274 106,230 4,672 113,176 18,836 2,110 92,230 222.8 2022 Proj. Aug 2,112 106,463 4,593 113,168 18,662 2,206 92,300 222.5 Sep 2,110 106,428 4,628 113,166 18,621 2,205 92,340 222.7 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready- to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. September 2021 WASDE - 616 - 33 U.S. Egg Supply and Use Commodity 2019 2020 2021 Proj. 2021 Proj. 2022 Proj. 2022 Proj. Aug Sep Aug Sep Eggs Million Dozen Supply Beginning Stocks 22.7 31.6 24.5 24.5 21.0 21.0 Production 9,441.8 9,283.4 9,338.6 9,339.6 9,470.0 9,460.0 Imports 14.6 15.5 17.7 17.7 16.0 16.0 Total Supply 9,479.1 9,330.5 9,380.8 9,381.8 9,507.0 9,497.0 Use Exports 333.8 344.0 390.0 398.0 365.0 370.0 Hatching Use 1,081.2 1,078.5 1,116.8 1,116.7 1,140.0 1,140.0 Ending Stocks 31.6 24.5 21.0 21.0 24.0 24.0 Disappearance Total 8,032.5 7,883.5 7,853.0 7,846.1 7,978.0 7,963.0 Per Capita (number) 293.4 286.5 284.3 284.1 287.9 287.4 Tota l U.S. Milk Supply and Use Commodity 2019 2020 2021 Proj. 2021 Proj. 2022 Proj. 2022 Proj. Aug Sep Aug Sep Milk Billion Pounds Production 218.4 223.2 228.1 227.8 231.2 230.6 Farm Use 1.0 1.1 1.1 1.1 1.1 1.1 Fat Basis Supply Beg. Commercial Stocks 13.8 13.6 15.6 15.6 16.0 15.6 Marketings 217.4 222.1 227.1 226.7 230.2 229.5 Imports 6.9 6.8 6.6 6.6 6.6 6.7 Total Cml. Supply 238.1 242.5 249.3 248.9 252.7 251.8 Fat Basis Use Commercial Exports 9.1 9.3 11.0 11.4 10.6 10.9 Ending Commercial Stocks 13.6 15.6 16.0 15.6 15.5 15.4 CCC Donations 0.2 0.3 0.0 0.0 0.0 0.0 Domestic Commercial Use 215.2 217.4 222.2 221.9 226.6 225.5 Skim -solid Basis Supply Beg. Commercial Stocks 10.7 10.2 10.9 10.9 11.2 11.0 Marketings 217.4 222.1 227.1 226.7 230.2 229.5 Imports 5.8 5.6 5.8 5.8 5.5 5.5 Total Cml. Supply 233.9 237.9 243.7 243.4 246.9 246.0 Skim -solid Basis Use Commercial Exports 41.5 47.2 51.5 51.7 51.3 51.8 Ending Commercial Stocks 10.2 10.9 11.2 11.0 11.4 11.3 CCC Donations 0.2 0.1 0.0 0.0 0.0 0.0 Domestic Commercial Use 182.0 179.7 181.1 180.7 184.2 182.9 Tota l CCC Donations include purchases made through the USDA Trade Mitigation program. They do not include products purchased under other programs. Dairy domestic commercial use for 2020 includes additional milk marketed but not processed. Note: Totals may not add due to rounding. September 2021 WASDE - 616 - 34 U.S. Dairy Prices Commodity 2019 2020 2021 Proj. 2021 Proj. 2022 Proj. 2022 Proj. Aug Sep Aug Sep Product Prices 1/ Dollars Per Pound Cheese 1.7586 1.9236 1.635 1.640 1.630 1.655 Butter 2.2431 1.5808 1.645 1.690 1.660 1.730 Nonfat Dry Milk 1.0419 1.0417 1.205 1.225 1.210 1.270 Dry Whey 0.3799 0.3621 0.555 0.555 0.500 0.500 Filler Dollars Per Cwt Milk Prices 2/ Class III 16.96 18.16 16.55 16.65 16.15 16.45 Class IV 16.30 13.49 15.15 15.55 15.30 16.05 All Milk 3/ 18.65 18.24 17.95 18.15 17.85 18.40 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated pla nts for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . September 2021 WASDE - 616 - 35 Reliability of September Projections 1/ Note: Tables on pages 35 -37 present a record of the September projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not b e above or belo w the final estimate by more than 1.9 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 3.3 percent. The average difference between the September projection and the final estimate is 8.7 million tons, ranging from 0.9 million to 30.7 million tons. The September projection has been below the estimate 26 times and above 14 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 1.9 3.3 8.7 0.9 30.7 26 14 U.S. 1.9 3.2 0.9 0.0 2.5 16 24 Foreign 2.2 3.7 8.7 0.2 30.9 28 12 Exports World 5.9 10.0 6.6 0.3 22.0 31 9 U.S. 10.1 17.2 2.5 0.2 10.0 18 22 Foreign 7.3 12.3 6.2 0.2 21.4 30 10 Domestic Use World 1.8 3.0 7.8 0.2 33.8 22 18 U.S. 7.3 12.4 1.9 0.0 5.5 13 27 Foreign 1.8 3.0 7.8 0.1 33.6 26 14 Ending Stocks World 8.1 13.8 10.5 1.5 30.5 31 9 U.S. 14.2 24.2 2.7 0.5 12.4 23 17 Foreign 8.9 15.1 9.2 0.5 28.3 30 10 COARSE GRAINS 2/ Production World 2.2 3.7 17.8 0.2 50.6 30 10 U.S. 4.2 7.1 8.0 0.2 26.0 25 15 Foreign 2.5 4.3 15.9 1.0 59.9 29 11 Exports World 7.0 11.8 6.8 0.1 25.2 29 11 U.S. 19.5 33.0 7.4 0.4 19.1 17 23 Foreign 13.5 22.9 8.0 0.7 20.9 26 14 Domestic Use World 1.5 2.6 12.0 0.4 39.0 23 17 U.S. 3.7 6.2 6.3 0.1 15.8 24 16 Foreign 1.8 3.0 10.8 0.4 37.8 26 14 Ending Stocks World 14.1 24.0 19.7 1.7 170.3 30 10 U.S. 29.3 49.7 9.0 0.1 35.8 17 23 Foreign 16.2 27.6 15.3 0.7 155.3 33 7 RICE, milled Production World 2.3 3.9 6.3 0.4 24.1 31 9 U.S. 4.3 7.3 0.2 0.0 0.5 22 17 Foreign 2.3 3.9 6.3 0.3 24.4 31 9 Exports World 9.2 15.5 1.8 0.1 6.8 28 12 U.S. 11.2 19.0 0.2 0.0 0.9 19 19 Foreign 10.3 17.4 1.8 0.1 6.8 28 12 Domestic Use World 1.8 3.1 4.3 0.4 22.7 31 9 U.S. 6.8 11.6 0.2 0.0 0.5 19 20 Foreign 1.8 3.1 4.3 0.2 23.1 31 9 Ending Stocks World 12.2 20.7 6.5 0.5 26.9 33 7 U.S. 22.4 37.9 0.2 0.0 0.9 21 19 Foreign 13.3 22.6 6.5 0.2 26.7 33 7 1/ Footnotes at end of table. CONTINUED September 2021 WASDE - 616 - 36 Reliability of September Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 4.5 7.7 7.1 0.4 27.4 23 17 U.S. 5.0 8.5 3.0 0.2 10.4 21 19 Foreign 7.3 12.5 6.5 0.9 29.1 18 22 Exports World 7.3 12.3 3.8 0.2 15.3 26 14 U.S. 12.2 20.8 3.0 0.1 9.8 24 16 Foreign 17.5 29.6 3.3 0.0 18.6 18 22 Domestic Use World 3.3 5.5 4.6 0.0 15.1 24 16 U.S. 4.4 7.5 1.6 0.1 4.5 25 15 Foreign 4.0 6.8 4.5 0.0 11.2 24 16 Ending Stocks World 17.4 29.6 5.2 0.2 24.8 22 18 U.S. 47.7 81.0 2.3 0.1 8.2 12 28 Foreign 19.4 32.9 4.8 0.0 24.7 24 15 COTTON Million 480 -Pound Bales Production World 4.7 7.9 3.2 0.1 12.6 23 17 U.S. 6.7 11.4 0.9 0.0 2.5 19 20 Foreign 5.2 8.9 2.8 0.0 11.3 25 15 Exports World 9.4 15.9 2.4 0.0 10.1 24 16 U.S. 20.4 34.7 1.2 0.1 3.4 22 18 Foreign 12.0 20.4 1.9 0.1 8.8 22 18 Domestic Use World 5.0 8.4 3.5 0.1 19.3 16 24 U.S. 10.1 17.2 0.4 0.0 1.3 17 21 Foreign 5.0 8.5 3.4 0.0 18.5 17 22 Ending Stocks World 14.3 24.3 5.8 0.2 16.8 27 13 U.S. 40.2 68.2 1.4 0.0 5.1 16 23 Foreign 14.7 24.9 5.3 0.2 16.8 27 13 1/ Marketing years 1981/82 through 2020/21 for grains, soybeans (U.S. only), and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2019/20, and for 2020/21 the last mo nth’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. September 2021 WASDE - 616 - 37 Reliability of United States September Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 4.4 7.4 300 15 885 25 15 Exports 20.3 34.4 269 46 725 17 23 Domestic Use 4.0 6.8 248 0 575 24 15 Ending Stocks 32.6 55.3 341 2 1,386 17 23 SORGHUM Production 6.0 10.2 23 0 81 17 22 Exports 31.7 53.9 42 0 150 21 18 Domestic Use 25.4 43.1 39 0 120 19 19 Ending Stocks 49.0 83.2 31 1 155 12 28 BARLEY Production 4.9 8.2 11 1 36 15 25 Exports 64.8 110.0 12 0 82 17 18 Domestic Use 9.7 16.4 22 0 72 13 25 Ending Stocks 17.7 30.0 18 0 70 19 20 OATS Production 9.6 16.3 11 0 44 6 32 Exports 95.4 161.9 1 0 8 11 14 Domestic Use 6.6 11.3 14 1 39 11 29 Ending Stocks 22.7 38.5 14 0 47 19 20 SOYBEAN MEAL Thousand Short Tons Production 4.3 7.3 1,296 93 4,200 26 14 Exports 14.2 24.1 878 34 4,100 23 17 Domestic Use 3.7 6.2 789 26 3,200 24 16 Ending Stocks 39.0 66.3 52 0 368 15 14 SOYBEAN OIL Million Pounds Production 4.5 7.6 600 26 2,635 25 15 Exports 34.8 59.0 453 0 1,675 21 18 Domestic Use 4.2 7.2 513 86 2,150 26 14 Ending Stocks 30.1 51.1 430 60 1,357 22 18 ANIMAL PROD. Million Pounds Beef 4.0 6.8 795 32 2,486 27 12 Pork 2.9 5.0 396 5 1,356 22 17 Broilers 2.1 3.5 508 49 1,379 23 16 Turkeys 3.7 6.3 146 2 444 21 18 Million Dozen Eggs 1.9 3.2 110 4 414 25 14 Billion Pounds Milk 1.7 2.8 2.1 0.1 7.2 22 17 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2020/21 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2020/21. Calendar years 1982 through 2020 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2020. WASDE- 616-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WA SDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. I PAD is located at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ To subscribe to receive WASDE -related notifications by email or text message visit https://public.govdelivery.com/accounts/USDAOC/subscriber/new?topic_id=USDAOC_223 . Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at [email protected] World Agricultural Supply and Demand Estimates WASDE -616 – September 10, 2021 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202 - 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250 -9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554-9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 529 Approved by the World Agricultural Outlook Board May 9, 2014 Note: This report presents USDA’s initial assessment of U.S. and world crop supply and demand prospects and U.S. prices for 2014/15. Also presented are the first calendar-year 2015 projections of U.S. livestock, poultry, and dairy products. Because spring planting is still underway in the Northern Hemisphere and remains several months away in the Southern Hemisphere, thes e projections are highly tentative. Forecasts for U.S. winter wheat area, yield, and production are from the May 9 Crop Production report. For other U.S. crops, the March 31 Prospective Plantings report is used for planted acreage. Methods used to project 2014/15 harvested acreage and yield are noted in each table. WHEAT: U.S. wheat supplies for 2014/15 are projec ted down 10 percent fr om 2013/14 with beginning stocks, production, and imports all expec ted lower. Supplies for the new ma rketing year are projected to be the lowest since 2007/08. Production is projected at 1,963 milli on bushels, down 8 percent from last year. The all wheat yield is projected at 42.7 bushels per acre, down 4.5 bus hels from the 2013/14 record. The survey-based forecast for 2014/15 all winter wheat production is down 9 percent on the year with the harvested-to-planted ratio just above last year’s 11-year low and the yield forecast at its lowest level since 2007/08. Most of the decline year to year in winter wheat reflects lowe r area and yields for Soft Red Winter wheat. This year’s lower Hard Red Winter (HRW) wheat yield forecast is offset by higher harvested area, leaving HRW production just above last year’s very low level. Continued drought and April freeze events have sharply reduced yield pr ospects for HRW wheat. White Winter wheat production is forecast lower on the year with reduced area and yields. Spring wheat production for 2014/15 is projec ted to decline 6 percent as higher area is more than offset by lower projected yields. Durum yi elds last year were well above trend and other spring yields were record high. Total U.S. wheat use for 2014/15 is projected down 11 percent year to year as feed and residual disappearance and exports are expected to fall with ti ghter supplies and higher pr ices. Projected feed and residual disappearance is down 50 million bushels as abundant feed grai n supplies and lower feed grain prices limit wheat feeding during t he summer months. Partly offsetti ng are a 10-million-bushel increase in domestic food use and a 2-million-bushel increase in seed use. Exports for 2014/15 are projected at 950 million bushels, down 235 million from this month’s higher 2013/14 projecti on, as large supplies in other major exporting countries and tight dom estic supplies of HRW wheat limit U.S. shipments. U.S. ending stocks are projected to decline for a fifth consec utive year. At 540 million bushels, 2014/15 ending stocks would be down 43 million from 2013/14. The all wheat s eason-average farm price is projected at $6.65 to $7.95 per bushel. Global 2014/15 wheat supplies are pr ojected down less than 1 percent from 2013/14 as reduced beginning stocks and production in the United Stat es offset higher foreign beginning st ocks. World wheat production is projected at 697.0 million t ons, down 2 percent from the 2013/14 reco rd. Foreign production is projected 12.4 million tons lower in 2014/15 wi th increases for Argentina, the European Union, China, Brazil, Kazakhstan, Mexico, and India more than offset by reductions for Canada, Turkey, Morocco, Ukraine, Australia, Iran, and Syria. Lower area and a return to trend yields also reduce production in Canada from last year’s record high. In the Middle East, per sistent dryness and early Ap ril freezes have severely damaged winter wheat crops from Turk ey to northeastern Iran. For Ukraine, lower reported area and a return to trend yields reduce expected output. Global wheat consumption fo r 2014/15 is projected 1 perc ent lower than in 2013/14 with a reduction in world wheat feeding only partly offset by higher expected food use. Global import demand for 2014/15 is lower with reductions for China, Iran, Brazil, Mexico, and Algeria more than offsetting increases for the European Union and Turkey. Exports are lower for the Eu ropean Union, India, Canada, Ukraine, Turkey, and WASDE-529-2 Australia, but higher for Argentina and Russia. Gl obal ending stocks for 2014/15 are projected at 187.4 million tons, up 0.9 million from 2013/14. COARSE GRAINS: U.S. feed grain supplies for 2014/15 are pr ojected at a record 403.3 million tons, up 2 percent from 2013/14 mostly on larger corn beginning st ocks. Corn production is projected at 13.9 billion bushels, up slightly from the 2013/14 record with higher expected yields more than offsetting the year-to- year reduction in planted area. The corn yield is projected at 165.3 bushels per acre, up 6.5 bushels from 2013/14, based on a weather adjusted yield trend model and assumi ng normal mid-May planting progress and summer weather. (See Westcott and Jewison, Weat her Effects on Expected Corn and Soybean Yields, USDA-ERS, July 2013, www.ers.usda.gov/public ations/fds-feed-out look/fds-13g-01.aspx .) Corn supplies for 2014/15 are projected at a record 15.1 billion bushels, up 330 million from 2013/14. U.S. corn use for 2014/15 is projec ted 2 percent lower than in 2013/14. Feed and residual use is projected 50 million bushels lower with animal numbers down from 2013/14. Exports are pr ojected 200 million bushels lower than this month’s higher proj ection for 2013/14 as larger expect ed foreign supplies and lower import demand limit U.S. shipments. Corn used to pr oduce ethanol in 2014/15 is ex pected to be unchanged on the year with gasoline consumption expec ted to remain flat in 2015. Corn ending stocks are projected at 1.7 billion bushels, up 580 million from t he 2013/14 projection. With the la rger carryout, the season-average farm price is projected at $3. 85 to $4.55 per bushel, down from $4. 50 to $4.80 per bushel for 2013/14. Global coarse grain supplies for 2014/ 15 are projected at a record 1,461. 0 million tons, up 2 percent from 2013/14 as the year-to-year increas e in world beginning stocks more than offsets a reduction in world output. Projected global corn pr oduction for 2014/15, at a record 979. 1 million tons, is virtually unchanged from 2013/14. Expected decr eases for Ukraine, Brazil, India, and South Africa are mostly offset by increases for China, Argentina, Russia, and Mexico. Uk raine production is lowered 4. 9 million tons from last year’s record level as the reduced value of the loca l currency keeps input pric es high and reduces expected use of fertilizer and other inputs. Global sorghum and millet production ar e projected higher for 2014/15, but reductions are expected for barley, oats, rye, and mixed grains. Global corn trade for 2014/15 is projected lower with imports projected down year to year for China and Mexico. Corn exports for 2014/15 are projected lower for Ukraine and the United St ates. Exports, however, are projected higher for Argentina and Paraguay. World corn consumption is proj ected at a record 965.8 million tons, up 17.0 million from 2013/ 14 on higher use in China, Brazil, the European Union, Mexico, and Japan. Global corn ending stocks for 2014/15 are projec ted at 181.7 million tons, up 13.3 million tons on the year and at a 15-year high. RICE: U.S. 2014/15 all rice supplies are forecast up 6 percent from 2013/14, and to tal use is up 5 percent— leading to a 17 percent increase in 2014/15 ending stocks. Beginning st ocks for 2014/15 are forecast at 29.3 million cwt, down 20 percent from the previous year. Projected 2014/ 15 imports at 22.0 million cwt are unchanged from 2013/14. U.S. rice production for 2014/15 is projected at 213.0 million cwt, up 12 percent from 2013/14. Long-grain production is projected at 161.0 million cw t, and combined medium- and short- grain production at 52.0 million. Ha rvested all rice area is estimat ed at 2.85 million acres. Long-grain harvested area at 2.21 million acres is up 25 percent from the previous year. Combined medium- and short- grain harvested area at 0.65 million acres is down 8 percent from 2013/ 14. The decline in California medium-grain plantings due to drought and water restrict ions have attracted more acres of medium-grain rice in the Delta where plantings in 2014 are projected up 39 percent. All rice average yield is projected at 7,468 pounds per acre, down 3 percent from the previous year’s reco rd—based on trend analysis by rice class. U.S. 2014/15 all rice total use is projected at 230.0 million cwt with domestic and residual use at 128.0 million, and exports at 102.0 million. Long-grain rice exports are projec ted at 72.0 million cwt, and combined medium- and short-grain rice expor ts at 30.0 million. Larger long- grain supplies in 2014/15 and lower projected prices are expec ted to expand exports, but competition fo r markets is expected to be strong. Exports of medium-grain rice will be constrained by tighter U.S. supplies becaus e of reduced plantings in California. U.S. all rice ending stocks for 2014/15 ar e projected at 34.3 million cwt, with long-grain ending stocks at 24.3 million cwt, and combined medium- and short-grain rice stocks at 7.7 million. WASDE-529-3 The U.S. 2014/15 long-grain rice s eason-average farm price is proj ected at $13.50 to $14.50 per cwt, compared to a revised $15.20 to $15.80 for the previous year. The combined medium- and short-grain price is projected at $18.50 to $19.50 per cwt, compared to a revised $17.70 to $18.30 for the year earlier. The 2014/15 all rice price is project ed at $15.00 to $16.00 per cwt, compar ed to a revised $15.80 to $16.40 per cwt for 2013/14. Global 2014/15 total rice supply and use are each projected to reach reco rd levels at 592.0 and 482.2 million tons, respectively, and results in a 1.5-million dec rease in world ending stocks. Global 2014/15 rice production is projected at a record 480.7 million tons, up 4.6 million from 2013/14. Record to near-record rice crops are projected in Asia—assuming normal w eather. Record crops are projected for the major exporters including India, Thailand, and Vietnam. Additionally, large crops are forecast for other exporters including Burma, Cambodia, and Egypt. On the importer side, record or near-record crops are forecast for Indonesia, the Philippines, and Sub-Sahar an Africa. Global 2014/15 consumpti on is projected at a record 482.2 million tons, up 1.5 percent from the previous year. Global expor ts in 2014/15 are projected at a record 41.4 million tons, up 1.0 milli on from 2013/14. Thailand is foreca st to be the largest global rice exporter in 2014/15 with exports of 10.0 million tons followed by India at 9.0 million and Vietnam at 6.7 million. Large 2014/15 imports are proj ected for China, the Middle Eas t, and Sub-Saharan Africa. China’s imports have surged since 2011/12 and are forecast to be the largest importer with imports of 3.7 million tons in 2014/15. China’s annual c onsumption needs have overtaken pr oduction since 2012/13 resulting in declining stocks. Strong domestic prices in Chi na have encouraged imports of lower-priced rice from Burma, Pakistan, and Vietnam. Gl obal 2014/15 ending stocks are expected to decrease 1.5 million tons to 109.8 million. The largest year-to-year stocks reduc tions occur in India and Ch ina—down 1.0 million tons and 0.65 million, respectively. OILSEEDS: U.S. oilseed production for 2014/15 is projected at 107.9 m illion tons, up 11 percent from 2013/14. Higher soybean production account s for most of the increase. Soybean production is projected at a record 3.635 billion bushels, up 346 million from the 2013 crop on record yields and harvested area. Yield is projected at a trend level of 45. 2 bushels per acre, up 1.9 bushels from 2013. Supplies are projected at 3.78 billion bushels, up 7.4 percent from 2013/14 as a larger crop more than offsets lower beginning stocks and imports. The U.S. soybean crush for 2014/15 is projected at 1.715 billion bushels, up 20 million from 2013/14 mainly reflecting increased domestic soybean m eal consumption. Despite lower prices, soybean meal exports are projected up only slightly with Argent ina soybean meal exports accounting for most of the gains in global soybean meal trade. U.S. soybean exports are pr ojected at 1.625 billion bus hels, up 25 million from 2013/14 on record supplies and competitive prices. Despite gains in use, ending stocks for 2014/15 are projected at 330 million bushels, up 200 million from 2013/14, increasing t he stocks-to-use ratio to 9.6 percent. The U.S. season-average soybean price for 2014/15 is forecast to decline to $9.75 to $11.75 per bushel compared with $13.10 per bushel in 2013/14. So ybean meal prices are forecast at $355 to $395 per short ton, compared with $485 per ton for 2013/14. Soy bean oil prices are forecast at 37 to 41 cents per pound compared with 40 cents for 2013/14. Global oilseed production for 2014/15 is projected at a record 515.2 m illion tons, up 2.4 percent from 2013/14 with increased soybean and peanut production partly offset by lower rapes eed, sunflowerseed, and cottonseed production. Mostly due to a larger U.S. crop, global soybean producti on is projected at 299.8 million tons, up 5.6 percent. The Br azil soybean crop is projected at a record 91 million tons, up 3.5 million on small gains in area and yield. The Argentina so ybean crop is projected at 54.0 million tons, unchanged from 2013/14 with lower area offset by higher yields . China soybean production is projected at 12 million tons, down 0.2 million as pr oducers continue to shift area to more pr ofitable crops. Global production of high oil-content seeds (rapes eed and sunflowerseed) is projected down 4.0 perc ent from 2013/14 on reduced rapeseed production in Canada and Ukrai ne, and reduced sunflowerseed produc tion in Russia, Ukraine, and the European Union. With crush projected to increase 2.4 percent, global oilseed ending stocks are projected at 94.8 million tons, up 14.6 million. Global protein meal consumpt ion is projected to increas e 3.2 percent in 2014/15. Protein meal consumption is projected to increase 3.5 percent in China which accounts for 30 perc ent of global prot ein consumption gains. Global soybean exports are projected at 112.3 milli on tons, up 1.5 percent from 2013/14. China WASDE-529-4 soybean imports are projected at 72 million tons, up 3 million from the 2013/14 projection. Global vegetable oil consumption is projected to increase 4.1 percent in 2014/15 led by increases for China, India, and Indonesia. SUGAR: Projected U.S. sugar supply for fiscal year 2014/15 is down 5.6 percent from 2013/14, as lower beginning stocks and imports overwhelm a 0.2 percent rise in production. Lower beet sugar production reflects reduced area and a return to trend yields , while higher cane sugar production is based on trend yields. Imports under the tariff rate quota (TRQ) assume minimum U.S. commitments to import raw and refined sugar and projected shortfall. The Secretary will establish the TRQ at a later date. Total use is down 2.4 percent and ending stocks are 31. 2 percent below a year earlier. For Mexico, 2014/15 supplies are down 4.5 percent from 2013/14, as lower beginning stocks are only partially offset by higher production. Domestic use is flat, in keeping wi th recent trends, and ending stocks are unchanged, based on trends in population and reasonable carryo ver requirements. Exports are projected lower, with shipments to t he U.S. market down 23. 0 percent from 2013/14. LIVESTOCK, POULTRY, AND DAIRY: Total U.S. red meat and poultr y production in 2015 is projected to be above 2014 as higher pork and poultry production more than offsets cont inued declines in beef production. Pork production is ex pected to increase as producers re spond to the Porcine Epidemic Diarrhea virus (PEDv) by increasing farrowings and f eeding hogs to heavier weights. However, a slow recovery in growth in pigs per li tter is expected to constrain increases in availability of market hogs in 2015. Broiler and turkey production are forecast hi gher as lower forecast feed prices and record 2014 wholesale broiler and turkey prices encourage expansion. However beef production is forecast lower as a declining beef cattle inventory and potential heifer retention during late 2014 and into 2015 is expected to limit cattle placements in late 2014 and into 2015. Thus, despite expectations of heavier slaughter weights, tight supplies of fed cattle for slaughter and reduced cow slaughter will result in lower beef production. Egg production for 2015 is forecast to expand as producers respond to lower feed costs and record 2014 egg prices. For 2014, the total red meat and poultry production forecast is lowered from last month on lower pork and broiler production. Pork supp lies reflect limited availability of hogs due to the impacts of PEDv on pigs per litter. However, t he decline in hog numbers may be partly offset by heavier carcass weights. Broiler production is lowered on the pace of slaughter and a slow increase in egg sets and chicks placed. Beef production is about unchanged from last month. Turkey production is increased slightly based on the current pace of slaughter. Egg production for 2014 is raised as higher table egg production more than offsets reduced hatching egg production. Lower U.S. beef production is expec ted to push beef exports lower and imports higher in 2015. Pork exports are forecast higher in 2015 and imports are fo recast lower as production increases. Broiler and turkey exports are forecast higher on expanded supp lies and continued strength in foreign demand. The 2014 beef export forecast is lowered from last month on March export data. Imports are forecast higher on strong processing-grade beef demand and tight supplies of domestic pr ocessing beef. Pork exports are unchanged from last month as high March exports are expected to be followed by lower exports later in the year. Broiler and turkey exports are adjusted to reflect March trade data. For 2015, fed cattle prices are forecast above 2014 as supplies continue to tighten and demand for beef remains strong. Hog prices are forecast lower t han 2014 as hog supplies increase. However, broiler and turkey prices are forecast higher despite increas ed production as demand remains firm in the face of relatively tight red meat supplies. Egg prices are forecast lower on increased production. For 2014, the fed cattle price forecast is lowered from last mont h as prices for mid-2014 are reduced. Hog prices are up from last month on tight supplies. Broiler prices are higher as prices remain strong. Turkey prices are unchanged. Egg prices are forecast higher on strong to date prices. Milk production for 2015 is forecast higher as lower feed costs and strong milk prices are expected to support both herd expansion and gains in milk per co w. Fat-basis exports are forecast lower on increased competition from traditional exporters, primarily in butterfat markets. Continued strength in nonfat dry milk (NDM) will help limit declines in ski m-solids exports. Fat-bas is import forecasts are expected to be about the same as 2014 but skim-solid s imports will be lower. With higher domestic WASDE-529-5 production, cheese, butter, NDM, and whey prices are forecast lower. Both Class III and Class IV prices are forecast lower. The all milk price is forecast at $19.70 to $20.70 per cwt for 2015. Milk production for 2014 is unchanged from last month. Fat basis imports are forecast lower while skim- solids imports are higher. Exports are raised on st ronger sales of NDM, butterfat and cheese. Butter and whey prices are raised from last month while NDM is lower. Cheese is unchanged but the range is narrowed. The Class III price is raised on higher whey prices. Class IV is up as higher prices for butter more than offset reduced prices for NDM. The all m ilk price is forecast to average $22.70 to $23.00 per cwt. COTTON: The first U.S. cotton projec tions for 2014/15 include larger production, lower offtake, and higher ending stocks compared with 2013/14. Production is fo recast at 14.5 million bales, based on the March Prospective Plantings report and the most recent 2-year regional average abandonment and yields. The U.S. abandonment rate is projected at 24 percent due to persistent se vere drought in the Southwest. Domestic mill use is forecast at 3.7 million bales , 100,000 bales above 2013/14. Ex ports are projected at 9.7 million bales, down 7 percent, due to lower antici pated world import demand. Ending stocks are raised to 3.9 million bales or 29 percent of total use, which is about equal to the previous 10-year average. The forecast range for the marketing year average price received by producers is 63. 0 to 83.0 cents per pound, compared with 77.5 cent s estimated for 2013/14. The initial 2014/15 world cotton proj ections show world ending stocks of nearly 102 million bales, which would be the fourth consec utive record. World production is proj ected 1.4 percent lower than 2013/14 at 115.5 million bales, as reductions, mainly for China, Australia, and India, are partially offset by increases for the United States, Brazil, and Turkey. World consumpt ion is expected to rise more than 2 percent, due to projected growth in world GDP and expected reductions in China’s pr ice support levels. China’s beginning stocks are expected to reach nearly 60 million bales, more than 60 percent of total world stocks. China’s imports are projected to fall about one-th ird in 2014/15, as the government is lik ely to restrict imports in favor of consumption of domestic cotton. China accounts for virtually all of the anticipated 10-per cent reduction in world trade. With China’s ending stocks expected to grow slightly, world stocks outside of China would rise about 7 percent. For 2013/14, the final U.S. crop pr oduction estimate of 12.9 million bales is about unchanged from last month. China’s imports and India’s exports are ra ised, but U.S. exports ar e reduced 300,000 bales due to the recent fall-off in sales. U.S. ending stocks are raised to 2.8 million bales. Approved by the Secretary of Agriculture and the Chairper son of the World Agricultural Outlook Board, Gerald A. Bange, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: JOSEPH W. GLAUBER ACTING SECRETARY OF AGRICULTURE WASDE-529-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Jerry Norton, ICEC Chair, WAOB, email : [email protected] Gary Vocke, ERS; Teresa McKeivier, FAS; William Chambers, FSA. Rice: Andrew C. Aaronson, ICEC Chair, WAOB, email : [email protected] Nathan Childs, ERS; Debbie Rubas, FAS; Mark Simone, FSA. Feed Grains: Jerry Norton, IC EC Chair, WAOB, email : [email protected] Thomas Capehart, ERS; Richard O’M eara, FAS; Pete Riley, FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, email : [email protected] Mark Ash, ERS; Bill George, FAS; Dale Leuck, FSA. Cotton: Carol Skelly, ICEC Chair, WAOB, email : [email protected] Darryl Earnest, AMS; Leslie Meyer, ERS; Ja mes Johnson, FAS; Scott Sanford, FSA. Sugar: David Stallings, Acting ICEC Chair, WAOB, email : [email protected] Stephen Haley, ERS; Ron Lord, FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, email : [email protected] Sherry Wise, AMS; Kenneth Mathews, ERS; Cla ire Mezoughem, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, email : [email protected] Larry Haller, AMS; David Harvey, ERS; Lazar o Sandoval, FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, email : [email protected] Uthra Raghunathan, AMS; Roger Ho skin, ERS; Paul Kiendl, FAS; Milton Madison, FSA. For 2014, the WASDE report release dates are: Jan 10, Feb 10, Mar 10, Apr 9, May 9, June 11, July 11, Aug 12, Sept 11, Oct 10, Nov 10, Dec 10 WASDE-529-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................... 1 Interagency Commodity Estimates Committees ..................................................... 6 World & U.S. Supply & Use for Grains ................................................................... 8 World & U.S. Supply & Use for Cotton ................................................................... 9 World & U.S. Supply & Use for Oilseeds ............................................................. 10 U.S. Wheat Supply & Use .................................................................................... 11 U.S. Wheat Supply & Use by Class ..................................................................... 11 U.S. Feed Grain & Corn Supply & Use ................................................................ 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13 U.S. Rice Supply & Use ....................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................ 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ............................................................................. 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use ................................................................................. 18 World Coarse Grains Supply & Use ..................................................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use..................................................................................... 24 World Cotton Supply & Use ................................................................................. 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ..................................................................... 29 World Soybean Oil Supply & Use ........................................................................ 30 U.S. Quarterly Animal Product Production ........................................................... 31 U.S. Quarterly Prices for Animal Products ........................................................... 31 U.S. Meats Supply and Use ................................................................................. 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use .................................................................................... 33 U.S. Dairy Prices ................................................................................................. 34 Reliability Tables ................................................................................................. 35 Related USDA Reports ........................................................................................ 38 Metric Conversion Factors ................................................................................... 38 Electronic Access and Subscriptions ....................................................................... 40 May 2014 WASDE - 529 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World OutputTotal Supply Trade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2012/13 2267.01 2739.69 299.55 2284.75 454.94 2013/14 (Est.) 2459.10 2914.05 357.22 2412.47 501.57 filler filler filler filler filler 2014/15 (Proj.) Apr NA NA NA NA NA 2014/15 (Proj.) May 2434.93 2936.51 339.28 2428.81 507.69 filler filler filler filler filler Wheat 2012/13 657.30 854.56 137.18 679.23 175.33 2013/14 (Est.) 714.00 889.33 162.00 702.80 186.53 filler filler filler filler filler 2014/15 (Proj.) Apr NA NA NA NA NA 2014/15 (Proj.) May 697.04 883.57 151.82 696.15 187.42 filler filler filler filler filler Coarse Grains 5/ 2012/13 1138.12 1306.77 122.84 1137.29 169.48 2013/14 (Est.) 1269.01 1438.49 154.44 1234.69 203.79 filler filler filler filler filler 2014/15 (Proj.) Apr NA NA NA NA NA 2014/15 (Proj.) May 1257.18 1460.97 146.07 1250.47 210.50 filler filler filler filler filler Rice, milled 2012/13 471.60 578.36 39.54 468.22 110.14 2013/14 (Est.) 476.09 586.23 40.77 474.98 111.25 filler filler filler filler filler 2014/15 (Proj.) Apr NA NA NA NA NA 2014/15 (Proj.) May 480.72 591.97 41.40 482.20 109.77 filler filler filler filler filler United States Output Total SupplyTrade 2 /Total Use 3/Ending Stocks Total Grains 4/ 2012/13 354.01 414.06 51.55 318.29 44.23 2013/14 (Est.) 433.51 486.23 88.44 349.13 48.67 filler filler filler filler filler 2014/15 (Proj.) Apr NA NA NA NA NA 2014/15 (Proj.) May 428.83 485.73 76.62 346.50 62.62 filler filler filler filler filler Wheat 2012/13 61.67 85.22 27.42 38.27 19.54 2013/14 (Est.) 57.96 82.26 32.25 34.14 15.87 filler filler filler filler filler 2014/15 (Proj.) Apr NA NA NA NA NA 2014/15 (Proj.) May 53.43 73.66 25.86 33.09 14.71 filler filler filler filler filler Coarse Grains 5/ 2012/13 286.01 320.53 20.73 276.27 23.53 2013/14 (Est.) 369.43 396.00 53.13 311.02 31.85 filler filler filler filler filler 2014/15 (Proj.) Apr NA NA NA NA NA 2014/15 (Proj.) May 368.59 403.62 47.50 309.31 46.82 filler filler filler filler filler Rice, milled 2012/13 6.34 8.31 3.40 3.75 1.16 2013/14 (Est.) 6.12 7.97 3.06 3.97 0.94 filler filler filler filler filler 2014/15 (Proj.) Apr NA NA NA NA NA 2014/15 (Proj.) May 6.81 8.45 3.26 4.10 1.10 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, ba rley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). May 2014 WASDE - 529 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ OutputTotal Supply Trade 2 /Total UseEnding Stocks Total Grains 4/ 2012/13 1,913.00 2,325.63 248.00 1,966.46 410.72 2013/14 (Est.) 2,025.60 2,427.81 268.78 2,063.35 452.91 filler filler filler filler filler 2014/15 (Proj.) Apr NA NA NA NA NA 2014/15 (Proj.) May 2,006.10 2,450.77 262.67 2,082.32 445.07 filler filler filler filler filler Wheat 2012/13 595.63 769.34 109.76 640.96 155.79 2013/14 (Est.) 656.04 807.07 129.75 668.66 170.66 filler filler filler filler filler 2014/15 (Proj.) Apr NA NA NA NA NA 2014/15 (Proj.) May 643.60 809.91 125.96 663.06 172.71 filler filler filler filler filler Coarse Grains 5/ 2012/13 852.11 986.24 102.11 861.02 145.94 2013/14 (Est.) 899.58 1,042.48 101.31 923.67 171.94 filler filler filler filler filler 2014/15 (Proj.) Apr NA NA NA NA NA 2014/15 (Proj.) May 888.59 1,057.35 98.57 941.16 163.69 filler filler filler filler filler Rice, milled 2012/13 465.26 570.05 36.14 464.47 108.98 2013/14 (Est.) 469.97 578.26 37.71 471.01 110.31 filler filler filler filler filler 2014/15 (Proj.) Apr NA NA NA NA NA 2014/15 (Proj.) May 473.91 583.52 38.14 478.10 108.68 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world mi nus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales OutputTotal Supply Trade 2 /Total Use 3 /Ending Stocks World 2012/13 122.95 196.42 46.69 106.77 90.03 2013/14 (Est.) 117.13 207.16 40.34 109.38 97.91 2014/15 (Proj.) Apr NA NA NA NA NA 2014/15 (Proj.) May 115.46 213.36 36.29 111.83 101.66 United States 2012/13 17.32 20.68 13.03 3.50 3.90 2013/14 (Est.) 12.91 16.82 10.40 3.60 2.80 2014/15 (Proj.) Apr NA NA NA NA NA 2014/15 (Proj.) May 14.50 17.31 9.70 3.70 3.90 Foreign 4/ 2012/13 105.64 175.74 33.66 103.27 86.13 2013/14 (Est.) 104.22 190.34 29.94 105.78 95.11 2014/15 (Proj.) Apr NA NA NA NA NA 2014/15 (Proj.) May 100.96 196.05 26.59 108.13 97.76 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. May 2014 WASDE - 529 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World OutputTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2012/13 474.35 539.61 118.32 396.32 67.05 2013/14 (Est.) 503.01 570.06 130.32 414.41 80.23 2014/15 (Proj.) Apr NA NA NA NA NA 2014/15 (Proj.) May 515.22 595.45 131.48 424.20 94.82 Oilmeals 2012/13 268.13 280.66 78.01 263.48 11.75 2013/14 (Est.) 279.65 291.41 83.40 273.01 13.39 2014/15 (Proj.) Apr NA NA NA NA NA 2014/15 (Proj.) May 287.30 300.69 86.88 281.81 13.12 Vegetable Oils 2012/13 160.52 177.91 68.28 157.00 17.18 2013/14 (Est.) 169.22 186.41 68.24 164.60 18.40 2014/15 (Proj.) Apr NA NA NA NA NA 2014/15 (Proj.) May 174.90 193.30 70.95 171.32 18.58 United States Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2012/13 93.14 100.20 36.94 50.24 5.76 2013/14 (Est.) 97.14 106.43 44.41 50.29 5.01 2014/15 (Proj.) Apr NA NA NA NA NA 2014/15 (Proj.) May 107.94 114.19 45.20 51.01 10.68 Oilmeals 2012/13 38.67 42.40 10.43 31.65 0.31 2013/14 (Est.) 38.72 42.63 10.36 31.93 0.34 2014/15 (Proj.) Apr NA NA NA NA NA 2014/15 (Proj.) May 39.47 43.39 10.48 32.58 0.34 Vegetable Oils 2012/13 10.22 15.55 1.39 13.00 1.16 2013/14 (Est.) 10.21 15.46 1.04 13.32 1.11 2014/15 (Proj.) Apr NA NA NA NA NA 2014/15 (Proj.) May 10.28 15.75 1.15 13.41 1.18 filler filler filler filler filler Foreign 3/ Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2012/13 381.21 439.41 81.38 346.09 61.28 2013/14 (Est.) 405.87 463.63 85.90 364.12 75.21 2014/15 (Proj.) Apr NA NA NA NA NA 2014/15 (Proj.) May 407.28 481.25 86.28 373.19 84.14 Oilmeals 2012/13 229.46 238.27 67.58 231.83 11.44 2013/14 (Est.) 240.93 248.78 73.04 241.09 13.05 2014/15 (Proj.) Apr NA NA NA NA NA 2014/15 (Proj.) May 247.84 257.30 76.40 249.22 12.78 Vegetable Oils 2012/13 150.30 162.36 66.89 143.99 16.03 2013/14 (Est.) 159.02 170.94 67.20 151.28 17.29 2014/15 (Proj.) Apr NA NA NA NA NA 2014/15 (Proj.) May 164.62 177.55 69.80 157.91 17.40 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. May 2014 WASDE - 529 - 11 U.S. Wheat Supply and Use 1/ 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Apr May Million Acres Area Planted 55.7 56.2 NA 55.8 * Area Harvested 48.9 45.2 NA 45.9 * Bushels Yield per Harvested Acre 46.3 47.2 NA 42.7 * Million Bushels Beginning Stocks 743 718 NA 583 Production 2,266 2,130 NA 1,963 Imports 123 175 NA 160 Supply, Total 3,131 3,023 NA 2,706 Food 945 960 NA 970 Seed 73 74 NA 76 Feed and Residual 388 220 NA 170 Domestic, Total 1,406 1,254 NA 1,216 Exports 1,007 1,185 NA 950 Use, Total 2,414 2,439 NA 2,166 Ending Stocks 718 583 NA 540 CCC Inventory 00 N A Free Stocks 718 583 NA Outstanding Loans 85 N A Avg. Farm Price ($/bu) 2/ 7.77 6.85 NA 6.65 - 7.95 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red WinterHard Red SpringSoft Red Winter White Durum Total Millio nBushels 2013/14 (Est.) Beginning Stocks 343 165 124 63 23 718 Production 744 490 565 268 62 2,130 Supply, Total 3/ 1,105 737 711 339 130 3,023 Domestic Use 461 296 296 120 81 1,254 Exports 455 250 285 170 25 1,185 Use, Total 916 546 581 290 106 2,439 Ending Stocks, Total May 189 191 130 49 24 583 Ending Stocks, Total Apr 193 189 125 54 22 583 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketi ng-year weighted average price received by farmers. 3/ Includes imports. * Planted acres repor ted in the March 31, 2014, "Prospective Plantings." Harvested acres and yield for other spring wheat and Durum are projected using 10-year harvested-to-planted ratios by state and 1985- 2013 yield trends by state (except for Arizona, California, a nd Idaho Durum). Winter wheat harvested acres and yield reported in the May 9, 2014, "Crop Production." ****************************************************************************** Wheat-by-class proj ections for 2014/15 will first be published in the July 11, 2014, WASDE. ****************************************************************************** May 2014 WASDE - 529 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Apr May Million Acres Area Planted 109.8 109.9 NA 104.3 * Area Harvested 96.6 98.2 NA 93.8 * Metric Tons Yield per Harvested Acre 2.96 3.76 NA 3.93 Million Metric Tons Beginning Stocks 27.8 23.5 NA 31.8 Production 285.8 369.2 NA 368.4 Imports 6.5 2.8 NA 3.0 Supply, Total 320.1 395.6 NA 403.3 Feed and Residual 115.3 140.3 NA 138.4 Food Seed & Industrial 160.6 170.3 NA 170.6 Domestic, Total 275.9 310.6 NA 309.0 Exports 20.7 53.1 NA 47.5 Use, Total 296.6 363.7 NA 356.5 Ending Stocks 23.5 31.8 NA 46.8 CCC Inventory 0.0 0.0 NA Free Stocks 23.5 31.8 NA Outstanding Loans 0.8 1.3 NA CORN 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. April May Million Acres Area Planted 97.2 95.4 NA 91.7 * Area Harvested 87.4 87.7 NA 84.3 * Bushels Yield per Harvested Acre 123.4 158.8 NA 165.3 * Million Bushels Beginning Stocks 989 821 NA 1,146 Production 10,780 13,925 NA 13,935 Imports 162 35 NA 30 Supply, Total 11,932 14,781 NA 15,111 Feed and Residual 4,329 5,300 NA 5,250 Food, Seed & Industrial 2/ 6,051 6,435 NA 6,435 Ethanol & by-products 3/ 4,648 5,050 NA 5,050 Domestic, Total 10,379 11,735 NA 11,685 Exports 731 1,900 NA 1,700 Use, Total 11,111 13,635 NA 13,385 Ending Stocks 821 1,146 NA 1,726 CCC Inventory 00 N A Free Stocks 821 1,146 NA Outstanding Loans 32 50 NA Avg. Farm Price ($/bu) 4/ 6.89 4.50 - 4.80 NA 3.85 - 4.55 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see F eed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data-products/feed-g rains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-produc ts including distillers' grains, corn gluten feed , corn gluten meal, and corn oil. 4/ Marketing-year weighted average price recei ved by farmers. * Planted acres reported in the March 31, 2014, "Prosp ective Plantings." For corn, ha rvested acres projected based o n historical abandonment and use for silage. Projected yield based on a weather adjusted trend model and assumes nor mal mid-May planting progress and summer weather. (See Westcott and Jewison, Weather Effects on Expected Corn and Soybean Yields, USDA-ERS, Feed Outlook No. (FDS-13G-01), July 2013, www.ers.usda .gov/publications/fds-feed-outlook/fds-13g-01.aspx.) May 2014 WASDE - 529 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Apr May Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 6.2 8.1 NA 6.7 * Area Harvested (mil. acres) 5.0 6.5 NA 5.6 * Yield (bushels/acre) 49.8 59.6 NA 64.3 * Beginning Stocks 23 15 NA 19 Production 247 389 NA 360 Imports 10 0 NA 0 Supply, Total 279 404 NA 379 Feed and Residual 93 110 NA 90 Food, Seed & Industrial 95 95 NA 105 Total Domestic 188 205 NA 195 Exports 76 180 NA 160 Use, Total 264 385 NA 355 Ending Stocks 15 19 NA 24 Avg. Farm Price ($/bu) 2/ 6.33 4.25 - 4.55 NA 3.60 - 4.30 Filler Filler Filler Filler Filler BARLEY 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. April May Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.6 3.5 NA 3.2 * Area Harvested (mil. acres) 3.2 3.0 NA 2.8 * Yield (bushels/acre) 67.9 71.7 NA 70.0 * Beginning Stocks 60 80 NA 85 Production 220 215 NA 196 Imports 23 17 NA 25 Supply, Total 304 312 NA 306 Feed and Residual 59 60 NA 60 Food, Seed & Industrial 155 155 NA 154 Total Domestic 214 215 NA 214 Exports 91 2 N A1 0 Use, Total 223 227 NA 224 Ending Stocks 80 85 NA 82 Avg. Farm Price ($/bu) 2/ 6.43 6.10 NA 4.45 - 5.25 Filler Filler Filler Filler Filler OATS 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. April May Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.8 3.0 NA 2.8 * Area Harvested (mil. acres) 1.0 1.0 NA 1.1 * Yield (bushels/acre) 61.3 64.0 NA 64.5 * Beginning Stocks 55 36 NA 25 Production 64 66 NA 71 Imports 93 90 NA 100 Supply, Total 212 192 NA 196 Feed and Residual 98 90 NA 80 Food, Seed & Industrial 76 75 NA 77 Total Domestic 174 165 NA 157 Exports 12 N A2 Use, Total 176 167 NA 159 Ending Stocks 36 25 NA 37 Avg. Farm Price ($/bu) 2/ 3.89 3.70 NA 2.70 - 3.30 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing y ear beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing-year weighted av erage price received by farmers. * Plan ted acres reported in the March 31, 2014, "Prospective Plantings." Harvested area - For sorghum, ha rvested acres are based on the 10-year Olympic average harvested-to-planted ratio, 2004-2013. For barley and oats, ha rvested acres are based on the 5-year average harvested-to- planted ratios, 2009-2013. Yield - For sorghum the projected yield is based on the average for 1990-2013 excluding years that are more than 1 standard deviation from the mean for the period. For barley and oats, projected yields are based on the 1990-2013 trends. Yields shown reflect production rounding. May 2014 WASDE - 529 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Apr May Million Acres Area Planted 2.70 2.49 NA 2.88 * Area Harvested 2.68 2.47 NA 2.85 * Filler Pounds Yield per Harvested Acre 7,449 7,694 NA 7,468 * Million Hundredweight Beginning Stocks 2/ 41.1 36.4 NA 29.3 Production 199.5 189.9 NA 213.0 Imports 21.1 22.0 NA 22.0 Supply, Total 261.7 248.3 NA 264.3 Domestic & Residual 3/ 118.2 124.0 NA 128.0 Exports, Total 4/ 107.1 95.0 NA 102.0 Rough 34.2 33.0 NA 34.0 Milled (rough equiv.) 72.9 62.0 NA 68.0 Use, Total 225.3 219.0 NA 230.0 Ending Stocks 36.4 29.3 NA 34.3 Avg. Milling Yield (%) 5/ 70.00 71.00 NA 70.50 Avg. Farm Price ($/cwt) 6/ 15.10 15.80 - 16.40 NA 15.00 - 16.00 Total LONG-GRAIN RICE 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. April May Harvested Acres (mil.) 1.98 1.77 Yield (pounds/acre) 7,285 7,464 Beginning Stocks 24.3 21.9 NA 17.3 Production 144.2 131.9 NA 161.0 Supply, Total 7/ 187.2 172.3 NA 197.3 Domestic & Residual 3/ 89.2 91.0 NA 101.0 Exports 8/ 76.1 64.0 NA 72.0 Use, Total 165.3 155.0 NA 173.0 Ending Stocks 21.9 17.3 NA 24.3 Avg. Farm Price ($/cwt) 6/ 14.50 15.20 - 15.80 NA 13.50 - 14.50 Filler Filler Filler Filler Filler MEDIUM & SHORT-GRAIN RICE 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. April May Harvested Acres (mil.) 0.70 0.70 Yield (pounds/acre) 7,912 8,272 Beginning Stocks 14.7 12.2 NA 9.7 Production 55.4 58.0 NA 52.0 Supply, Total 7/ 72.2 73.7 NA 64.7 Domestic & Residual 3/ 29.0 33.0 NA 27.0 Exports 8/ 31.0 31.0 NA 30.0 Use, Total 60.0 64.0 NA 57.0 Ending Stocks 12.2 9.7 NA 7.7 Avg. Farm Price ($/cwt) 6/ 9/ 17.40 17.70 - 18.30 NA 18.50 - 19.50 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of bro ken kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2012/13-2.1; 2013/14-2.3; 2014/15-2.3. 3/ Residual includes unreported use, proces sing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between be ginning and ending stocks. 4/ Includes rough rice and milled ric e exports. Milled rice exports ar e converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quant ity of rough rice milled. Data supplied by the USA Rice Federation for years prior to 2013/14. The 2013/14 milling yield is calculated using Farm Service Agency (FSA) warehouse store d loan data for long, medium, and short grain rice. The year-to-year change in the FSA average all rice milling yield is applied to the WASDE reported 2012/13 milling yield to calcula te the 2013/14 forecasted average milling yield. The 2014/15 milling yield is calculated using the previous five-year Olympi c average-- 2009/10-2013/14. 6/ Mark eting-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short-grain season-average- farm price (SAFP) largely reflects rice that is mark eted through price pools in Califor nia. The pool price is not final until all the rice in the pool is marketed for the crop year . Therefore, SAFP forecasts based on the average of NASS mon thly prices and the final price may differ. For example, the average difference between the August WA SDE SAFP forecast and the final price has averaged $1.68 per cwt from 2008/09 through 2 011/12, with a high of $3.50 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. * Planted acr es reported in March 31, 2014, "Prospective Plantings." Harvested acres are esti mated using the average harvested-to-planted ratios by rice class, 2009-2013. Projected yield is based on linear tre nd analysis by rice class for the period 1982/83 to 2013/14. May 2014 WASDE - 529 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Apr May Filler Filler Filler Filler Filler Million Acres Area Planted 77.2 76.5 NA 81.5 * Area Harvested 76.2 75.9 NA 80.5 * Filler Bushels Yield per Harvested Acre 39.8 43.3 NA 45.2 * Million Bushels Beginning Stocks 169 141 NA 130 Production 3,034 3,289 NA 3,635 Imports 36 90 NA 15 Supply, Total 3,239 3,519 NA 3,780 Crushings 1,689 1,695 NA 1,715 Exports 1,320 1,600 NA 1,625 Seed 89 95 NA 92 Residual 10 N A 1 8 Use, Total 3,099 3,390 NA 3,450 Ending Stocks 141 130 NA 330 Avg. Farm Price ($/bu) 2/ 14.40 13.10 NA 9.75 - 11.75 Total SOYBEAN OIL 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. April May Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 2,540 1,705 NA 1,550 Production 19,820 19,745 NA 19,810 Imports 196 200 NA 160 Supply, Total 22,556 21,650 NA 21,520 Domestic Disappearance 18,686 18,450 NA 18,100 Biodiesel 3/ 4,689 4,800 NA 4,800 Food, Feed & other Industrial 13,997 13,650 NA 13,300 Exports 2,164 1,650 NA 1,700 Use, Total 20,851 20,100 NA 19,800 Ending stocks 1,705 1,550 NA 1,720 Avg. Price (c/lb) 2/ 47.13 40.00 NA 37.00 - 41.00 Total SOYBEAN MEAL 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. April May Filler 1 2 3 4 Thousand Shor t Tons Beginning Stocks 300 275 NA 300 Production 39,875 40,010 NA 40,735 Imports 245 315 NA 165 Supply, Total 40,420 40,600 NA 41,200 Domestic Disappearance 29,031 29,200 NA 29,700 Exports 11,114 11,100 NA 11,200 Use, Total 40,145 40,300 NA 40,900 Ending Stocks 275 300 NA 300 Avg. Price ($/s.t.) 2/ 468.11 485.00 NA 355.00 - 395.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oi l, simple average of crude soybean oil, Decatur; meal , simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made fr om methyl ester as reported by the U.S. Energy Informa tion Administration. * Planted acres are re ported in the March 31, 2014 "Prospective Plan tings". Harvested acres are based on the 5-year average harvested-to-pla nted ratio. The projected yield is based on a weather adjusted trend model and assumes normal summer weather. (See Westcott and Jewison, Weathe r Effects on Expected Corn and Soybean Yields, USDA-ERS, Feed Outlook No. (FDS-13G-01), July 2013, www.ers.usda .gov/publications/fds-feed-outlook/fds-13g-01.aspx.) May 2014 WASDE - 529 - 16 U.S. Sugar Supply and Use 1/ 2012/13 2013/14 Est. 2013/14 Est. 2014/15 Proj. Apr May May Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 1,979 2,158 2,158 1,596 Production 2/ 8,982 8,644 8,480 8,495 Beet Sugar 5,076 4,984 4,800 4,750 Cane Sugar 3,906 3,660 3,680 3,745 Florida 1,867 1,740 1,760 1,850 Hawaii 179 190 190 180 Louisiana 1,686 1,600 1,600 1,580 Texas 173 130 130 135 Imports 3,224 3,184 3,334 3,093 TRQ 3/ 957 1,319 1,369 1,262 Other Program 4/ 136 110 110 400 Other 5/ 2,131 1,755 1,855 1,431 Mexico 2,124 1,745 1,845 1,421 Total Supply 14,184 13,987 13,972 13,184 Exports 274 325 325 250 Deliveries 11,752 12,051 12,051 11,835 Food 6/ 11,487 11,600 11,600 11,700 Other 7/ 265 451 451 135 Miscellaneous 0000 Total Use 12,026 12,376 12,376 12,085 Ending Stocks 8/ 2,158 1,610 1,596 1,099 Stocks to Use Ratio 17.9 13.0 12.9 9.1 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2013/14 are based on Crop Production and processor projections where appropriate. 3/ For 2014/15, includes only U.S. commitments under current trade agreements, minus shortfall. Th e Secretary will establish the actual level of the TRQ at a lat er date. For 2013/14, WTO TRQ shortfall (200). For 2014/15, WTO TR Q shortfall (200). 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ For 2012/13, other high-tier (7) and other (0). For 2013/14, other high-tier (10) and other ( 0). For 2014/15, other high-tier (10) and other (0). 6/Combines SMD deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar-containing products for reexport, and for nonedible alcohol, feed, and ethanol. 8/ For 2012/13, in cludes 316,415 short tons, raw value, of stocks held by the Commodity Credit Corporation. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ ExportsEnding Stocks Sugar 1,000 Metric Tons, Actual Weight 2013/14 Est. Apr 1,460 6,350 226 4,690 2,399 947 2013/14 Est. May 1,460 6,350 226 4,690 2,399 947 2014/15 Proj. Apr NA NA NA NA NA NA 2014/15 Proj. May 947 6,500 226 4,690 2,036 947 1/ HFCS imports by Mexico (1,000 metric tons, dry ba sis): Oct-Sep 2012/13 = 1,105; Oct 2012-Mar 2013 = 549; Oct 2013-Mar 2014 = 428. Footnote source: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes domestic consumption, Mexico's products export pr ogram (IMMEX), and any residual statistical discrepancies. IMMEX: 2013/14 (384 est), 2014/15 (384 proj). May 2014 WASDE - 529 - 17 U.S. Cotton Supply and Use 1/ 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Apr May Filler Filler Filler Filler Filler Area Million Acres Planted 12.31 10.41 NA 11.10 * Harvested 9.37 7.54 NA 8.45 * Filler Pounds Yield per Harvested Acre 887 821 NA 824 * Million 480 Pound Bales Beginning Stocks 3.35 3.90 NA 2.80 Production 17.32 12.91 NA 14.50 Imports 0.01 0.01 NA 0.01 Supply, Total 20.68 16.82 NA 17.31 Domestic Use 3.50 3.60 NA 3.70 Exports, Total 13.03 10.40 NA 9.70 Use, Total 16.53 14.00 NA 13.40 Unaccounted 2/ 0.25 0.02 NA 0.01 Ending Stocks 3.90 2.80 NA 3.90 Avg. Farm Price 3/ 72.5 77.5 NA 63.0 - 83.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the differe nce between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. *Pla nted area as indicated in the March 31, 2014 Prospective Plantings. Abandonment rates and yield per harvested acre based on the averages of 2012 and 2013, weighted by region. May 2014 WASDE - 529 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 197.26 657.30 144.25 136.61 679.23 137.18 175.33 United States 20.21 61.67 3.34 10.57 38.27 27.42 19.54 Total Foreign 177.05 595.63 140.91 126.04 640.96 109.76 155.79 Major Exporters 4/ 27.27 192.81 5.91 59.10 142.04 63.80 20.15 Argentina 0.73 9.30 0.00 0.30 6.20 3.55 0.29 Australia 7.05 22.46 0.14 3.40 6.74 18.66 4.26 Canada 5.93 27.21 0.48 4.40 9.60 18.97 5.05 European Union 5/ 13.55 133.85 5.28 51.00 119.50 22.62 10.55 Major Importers 6/ 87.64 187.29 79.47 35.19 264.58 6.47 83.34 Brazil 1.75 4.38 7.36 0.20 10.90 1.58 1.00 China 55.95 121.02 2.96 25.00 125.00 0.97 53.96 Sel. Mideast 7/ 5.14 17.18 20.86 2.75 34.33 0.69 8.16 N. Africa 8/ 14.09 17.32 22.06 2.38 41.42 0.61 11.44 Pakistan 4.02 23.30 0.05 0.60 23.90 0.85 2.62 Southeast Asia 9/ 4.65 0.00 15.76 2.84 15.51 0.77 4.14 Selected Other 0.00 India 19.95 94.88 0.02 3.40 83.82 6.82 24.20 FSU-12 26.97 77.35 7.23 20.86 71.50 25.38 14.67 Russia 10.90 37.72 1.17 11.90 33.55 11.29 4.95 Kazakhstan 6.18 9.84 0.01 2.00 6.80 6.29 2.94 Ukraine 5.36 15.76 0.05 3.10 11.40 7.19 2.58 2013/14 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 175.33 714.00 154.81 132.97 702.80 162.00 186.53 United States 19.54 57.96 4.76 5.99 34.14 32.25 15.87 Total Foreign 155.79 656.04 150.05 126.99 668.66 129.75 170.66 Major Exporters 4/ 20.15 218.32 4.40 58.70 141.20 73.00 28.67 Argentina 0.29 10.50 0.01 0.10 6.05 2.00 2.74 Australia 4.26 27.00 0.13 3.60 6.95 19.00 5.44 Canada 5.05 37.50 0.47 6.00 11.20 22.00 9.82 European Union 5/ 10.55 143.32 3.80 49.00 117.00 30.00 10.68 Major Importers 6/ 83.34 194.26 86.81 33.86 266.35 5.23 92.83 Brazil 1.00 5.30 7.40 0.60 11.40 0.20 2.10 China 53.96 121.72 7.00 23.00 123.50 1.00 58.18 Sel. Mideast 7/ 8.16 18.94 20.91 3.28 36.08 0.54 11.38 N. Africa 8/ 11.44 20.12 24.40 2.88 42.55 0.68 12.74 Pakistan 2.62 24.00 0.50 0.60 24.10 0.70 2.32 Southeast Asia 9/ 4.14 0.00 15.90 2.41 15.42 0.82 3.80 Selected Other 0.00 India 24.20 93.51 0.02 4.80 93.90 6.00 17.83 FSU-12 14.67 103.76 7.93 22.17 72.86 36.42 17.09 Russia 4.95 52.09 1.20 12.50 34.00 18.20 6.04 Kazakhstan 2.94 13.94 0.01 2.00 6.80 8.00 2.09 Ukraine 2.58 22.28 0.10 3.40 11.50 9.50 3.96 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to di fferences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada , and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and South east Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, a nd Oman. 8/ Algeria, Egypt, Li bya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2014 WASDE - 529 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Apr NA NA NA NA NA NA NA May 186.53 697.04 149.85 128.11 696.15 151.82 187.42 United States Apr NA NA NA NA NA NA NA May 15.87 53.43 4.35 4.63 33.09 25.86 14.71 Total Foreign Apr NA NA NA NA NA NA NA May 170.66 643.60 145.50 123.48 663.06 125.96 172.71 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 28.67 211.38 6.12 60.80 144.00 73.50 28.67 Argentina Apr NA NA NA NA NA NA NA May 2.74 12.50 0.01 0.10 6.15 6.50 2.60 Australia Apr NA NA NA NA NA NA NA May 5.44 25.50 0.14 3.20 6.60 18.50 5.97 Canada Apr NA NA NA NA NA NA NA May 9.82 28.50 0.48 4.50 9.75 21.00 8.05 European Union 5/ Apr NA NA NA NA NA NA NA May 10.68 144.88 5.50 53.00 121.50 27.50 12.06 Major Importers 6/ Apr NA NA NA NA NA NA NA May 92.83 194.62 78.55 29.85 264.74 5.38 95.87 Brazil Apr NA NA NA NA NA NA NA May 2.10 6.00 6.50 0.60 11.60 0.50 2.50 China Apr NA NA NA NA NA NA NA May 58.18 123.00 3.00 20.00 121.00 1.00 62.18 Sel. Mideast 7/ Apr NA NA NA NA NA NA NA May 11.38 17.62 19.43 2.87 35.93 0.53 11.96 N. Africa 8/ Apr NA NA NA NA NA NA NA May 12.74 18.85 23.50 2.58 42.98 0.53 11.59 Pakistan Apr NA NA NA NA NA NA NA May 2.32 24.50 0.30 0.70 24.40 0.70 2.02 Southeast Asia 9/ Apr NA NA NA NA NA NA NA May 3.80 0.00 16.13 2.31 15.74 0.83 3.37 Selected Other India Apr NA NA NA NA NA NA NA May 17.83 94.00 0.02 4.50 92.05 3.50 16.30 FSU-12 Apr NA NA NA NA NA NA NA May 17.09 101.20 7.83 22.04 72.84 35.10 18.17 Russia Apr NA NA NA NA NA NA NA May 6.04 52.00 1.20 12.00 33.50 19.00 6.74 Kazakhstan Apr NA NA NA NA NA NA NA May 2.09 14.50 0.01 2.50 7.30 7.00 2.29 Ukraine Apr NA NA NA NA NA NA NA May 3.96 20.00 0.10 3.50 11.50 8.50 4.06 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to di fferences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada , and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and South east Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, a nd Oman. 8/ Algeria, Egypt, Li bya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2014 WASDE - 529 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 168.65 1,138.12 128.77 669. 99 1,137.29 122.84 169.48 United States 27.82 286.01 6.70 115.44 276.27 20.73 23.53 Total Foreign 140.83 852.11 122.07 554.55 861.02 102.11 145.94 Major Exporters 4/ 19.38 169.97 1.94 76.65 104.94 62.02 24.33 Argentina 1.34 37.25 0.00 7.79 12.05 24.05 2.48 Australia 0.94 11.17 0.00 3.63 5.21 5.97 0.92 Brazil 9.82 84.25 1.27 47.05 55.80 24.98 14.56 Canada 3.40 24.43 0.51 12.97 20.26 4.99 3.08 Major Importers 5/ 38.80 227.51 92.10 238.01 317.09 8.10 33.22 European Union 6/ 15.58 146.07 11.84 113.88 153.30 7.36 12.84 Japan 1.09 0.18 17.74 13.22 18.03 0.00 0.98 Mexico 1.86 28.88 7.60 19.33 36.20 0.52 1.62 N. Afr & Mideast 7/ 12.56 26.48 23.53 45.50 52.68 0.13 9.76 Saudi Arabia 3.13 0.35 10.74 10.30 10.73 0.00 3.49 Southeast Asia 8/ 2.64 25.27 7.98 25.06 32.97 0.09 2.83 South Korea 1.54 0.21 8.27 6.53 8.71 0.00 1.31 Selected Other 0.00 China 60.37 212.19 5.60 146.05 209.67 0.11 68.39 FSU-12 6.24 69.14 0.73 36.19 51.07 19.87 5.17 Russia 1.81 28.66 0.34 16.40 25.13 4.30 1.38 Ukraine 2.42 29.53 0.05 10.93 14.66 15.00 2.33 2013/14 Est. Beginnin g Stock s Productio n Import sDomesti c FeedDomesti c Total 2 / Export s Endin g Stock s World 3/ 169.48 1,269.01 145.61 736. 64 1,234.69 154.44 203.79 United States 23.53 369.43 3.04 140.45 311.02 53.13 31.85 Total Foreign 145.94 899.58 142.58 596.19 923.67 101.31 171.94 Major Exporters 4/ 24.33 167.31 1.76 80.92 110.76 52.69 29.95 Argentina 2.48 33.47 0.01 8.34 12.80 18.71 4.46 Australia 0.92 12.45 0.00 3.96 5.64 6.93 0.81 Brazil 14.56 78.11 1.21 48.58 58.38 20.01 15.49 Canada 3.08 28.74 0.44 14.74 22.14 4.53 5.59 Major Importers 5/ 33.22 246.44 104.47 253.42 335.33 10.25 38.55 European Union 6/ 12.84 158.34 13.31 120.88 162.30 8.23 13.96 Japan 0.98 0.18 18.50 13.89 18.70 0.00 0.96 Mexico 1.62 29.84 11.90 22.62 39.89 0.50 2.98 N. Afr & Mideast 7/ 9.76 30.39 25.58 47.19 54.50 0.33 10.91 Saudi Arabia 3.49 0.36 11.83 10.75 11.18 0.00 4.50 Southeast Asia 8/ 2.83 27.01 9.42 26.37 34.47 1.19 3.60 South Korea 1.31 0.21 9.59 7.55 9.82 0.00 1.29 Selected Other 0.00 China 68.39 224.31 11.30 159.05 224.88 0.13 78.99 FSU-12 5.17 88.71 0.88 41.86 57.97 28.56 8.24 Russia 1.38 35.74 0.38 19.60 29.32 6.09 2.09 Ukraine 2.33 39.92 0.08 12.43 16.31 21.68 4.34 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjust ed to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in som e countries. 4/ Argentina, Australia, Canada, Brazil, a nd South Africa. 5/ The European Union, Me xico, Japan, selected North Africa and Midd le East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes in tra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, M orocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2014 WASDE - 529 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Apr NA NA NA NA NA NA NA May 203.79 1,257.18 143.58 750. 59 1,250.47 146.07 210.50 United States Apr NA NA NA NA NA NA NA May 31.85 368.59 3.18 138.47 309.31 47.50 46.82 Total Foreign Apr NA NA NA NA NA NA NA May 171.94 888.59 140.40 612.12 941.16 98.57 163.69 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 29.95 161.19 1.86 81.83 112.21 53.27 27.52 Argentina Apr NA NA NA NA NA NA NA May 4.46 35.17 0.01 8.87 13.63 20.51 5.50 Australia Apr NA NA NA NA NA NA NA May 0.81 11.81 0.00 4.06 5.74 5.93 0.95 Brazil Apr NA NA NA NA NA NA NA May 15.49 77.11 1.21 50.08 59.90 20.01 13.89 Canada Apr NA NA NA NA NA NA NA May 5.59 23.07 0.54 13.42 20.92 4.60 3.67 Major Importers 5/ Apr NA NA NA NA NA NA NA May 38.55 238.56 103.78 255.84 338.65 8.80 33.43 European Union 6/ Apr NA NA NA NA NA NA NA May 13.96 152.24 13.31 118.25 160.07 7.76 11.68 Japan Apr NA NA NA NA NA NA NA May 0.96 0.18 18.90 14.29 19.10 0.00 0.94 Mexico Apr NA NA NA NA NA NA NA May 2.98 30.14 11.40 23.42 40.94 0.50 3.08 N. Afr & Mideast 7/ Apr NA NA NA NA NA NA NA May 10.91 27.78 27.01 49.26 56.67 0.11 8.92 Saudi Arabia Apr NA NA NA NA NA NA NA May 4.50 0.36 10.01 11.13 11.60 0.00 3.26 Southeast Asia 8/ Apr NA NA NA NA NA NA NA May 3.60 27.51 9.22 27.77 35.97 0.44 3.92 South Korea Apr NA NA NA NA NA NA NA May 1.29 0.21 9.59 7.55 9.82 0.00 1.27 Selected Other China Apr NA NA NA NA NA NA NA May 78.99 226.58 9.80 167.15 235.30 0.13 79.95 FSU-12 Apr NA NA NA NA NA NA NA May 8.24 83.88 0.88 43.43 59.53 26.15 7.32 Russia Apr NA NA NA NA NA NA NA May 2.09 37.50 0.28 20.90 30.90 7.11 1.85 Ukraine Apr NA NA NA NA NA NA NA May 4.34 34.30 0.06 12.96 16.59 18.16 3.95 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjust ed to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Uni on, Mexico, Japan, selected No rth Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Al geria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tuni sia, and Turkey. 8/ Indonesia, Malaysia, Philippi nes, Thailand, and Vietnam. May 2014 WASDE - 529 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 /ExportsEnding Stocks World 3/ 134.63 868.80 99.40 518.79 865.24 95.15 138.19 United States 25.12 273.83 4.13 109.95 263.64 18.58 20.86 Total Foreign 109.51 594.96 95.27 408.84 601.60 76.57 117.33 Major Exporters 4/ 13.79 120.87 0.94 54.90 71.40 45.64 18.56 Argentina 0.90 27.00 0.00 5.30 7.90 18.69 1.32 Brazil 9.21 81.50 0.89 44.50 52.50 24.95 14.15 South Africa 3.68 12.37 0.05 5.10 11.00 2.00 3.09 Major Importers 5/ 15.34 111.62 56.86 119.28 168.51 2.82 12.50 Egypt 2.22 5.80 5.06 9.70 11.70 0.01 1.37 European Union 6/ 6.67 58.87 11.35 53.00 69.60 2.19 5.09 Japan 0.61 0.00 14.41 10.00 14.50 0.00 0.52 Mexico 1.32 21.59 5.68 11.00 27.00 0.52 1.06 Southeast Asia 7/ 2.64 25.22 7.96 25.00 32.90 0.09 2.82 South Korea 1.48 0.08 8.17 6.48 8.48 0.00 1.26 Selected Other 0.00 Canada 1.37 13.06 0.48 6.28 11.61 1.75 1.55 China 59.34 205.61 2.70 144.00 200.00 0.08 67.57 FSU-12 2.45 32.36 0.34 15.52 18.09 15.00 2.05 Ukraine 1.05 20.92 0.04 6.80 8.10 12.73 1.19 2013/14 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ ExportsEnding Stocks World 3/ 138.19 979.02 115.29 574.69 948.78 121.86 168.42 United States 20.86 353.72 0.89 134.63 298.08 48.26 29.12 Total Foreign 117.33 625.30 114.41 440.06 650.70 73.60 139.30 Major Exporters 4/ 18.56 113.00 0.84 56.70 74.50 36.50 21.39 Argentina 1.32 24.00 0.01 5.50 8.30 14.00 3.03 Brazil 14.15 75.00 0.80 46.00 55.00 20.00 14.95 South Africa 3.09 14.00 0.03 5.20 11.20 2.50 3.42 Major Importers 5/ 12.50 119.41 69.60 129.80 181.73 3.70 16.09 Egypt 1.37 5.80 6.50 9.90 11.90 0.01 1.76 European Union 6/ 5.09 64.57 13.00 56.00 74.50 2.00 6.16 Japan 0.52 0.00 15.50 11.00 15.50 0.00 0.52 Mexico 1.06 21.90 11.50 15.00 31.50 0.50 2.46 Southeast Asia 7/ 2.82 26.96 9.40 26.30 34.40 1.19 3.59 South Korea 1.26 0.08 9.50 7.50 9.60 0.00 1.24 Selected Other 0.00 Canada 1.55 14.20 0.40 6.80 12.20 1.20 2.75 China 67.57 217.73 4.50 154.00 212.00 0.10 77.70 FSU-12 2.05 47.01 0.39 19.37 22.14 22.94 4.38 Ukraine 1.19 30.90 0.05 8.50 9.90 19.00 3.24 1/ Aggregate of local marketing years. 2/ Total forei gn and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Mala ysia, Philippines, Thailand, and Vietnam. May 2014 WASDE - 529 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Apr NA NA NA NA NA NA NA May 168.42 979.08 114.27 592.29 965.77 115.72 181.73 United States Apr NA NA NA NA NA NA NA May 29.12 353.97 0.76 133.36 296.81 43.18 43.85 Total Foreign Apr NA NA NA NA NA NA NA May 139.30 625.11 113.51 458.94 668.96 72.54 137.88 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 21.39 113.50 0.84 58.80 76.90 38.20 20.63 Argentina Apr NA NA NA NA NA NA NA May 3.03 26.00 0.01 6.00 9.00 16.00 4.04 Brazil Apr NA NA NA NA NA NA NA May 14.95 74.00 0.80 47.50 56.50 20.00 13.25 South Africa Apr NA NA NA NA NA NA NA May 3.42 13.50 0.03 5.30 11.40 2.20 3.34 Major Importers 5/ Apr NA NA NA NA NA NA NA May 16.09 120.57 69.30 133.90 186.68 2.95 16.34 filler filler filler filler filler filler filler Egypt Apr NA NA NA NA NA NA NA May 1.76 5.75 6.50 10.10 12.10 0.01 1.90 European Union 6/ Apr NA NA NA NA NA NA NA May 6.16 64.65 13.00 57.00 76.00 2.00 5.81 Japan Apr NA NA NA NA NA NA NA May 0.52 0.00 16.00 11.50 16.00 0.00 0.53 Mexico Apr NA NA NA NA NA NA NA May 2.46 22.50 10.90 16.00 32.75 0.50 2.61 Southeast Asia 7/ Apr NA NA NA NA NA NA NA May 3.59 27.46 9.20 27.70 35.90 0.44 3.92 South Korea Apr NA NA NA NA NA NA NA May 1.24 0.08 9.50 7.50 9.60 0.00 1.22 Selected Other Canada Apr NA NA NA NA NA NA NA May 2.75 12.50 0.50 6.70 12.20 1.50 2.05 China Apr NA NA NA NA NA NA NA May 77.70 220.00 3.00 162.00 222.00 0.10 78.60 FSU-12 Apr NA NA NA NA NA NA NA May 4.38 42.71 0.42 20.39 23.26 19.94 4.31 Ukraine Apr NA NA NA NA NA NA NA May 3.24 26.00 0.05 9.00 10.40 16.00 2.89 1/ Aggregate of local marketing years. 2/ Total foreign a nd world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not ba lance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Ar gentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast As ia. 6/ Trade excludes intra-tr ade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2014 WASDE - 529 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ 106.76 471.60 36.63 468.22 39.54 110.14 United States 1.30 6.34 0.67 3.75 3.40 1.16 Total Foreign 105.46 465.26 35.96 464.47 36.14 108.98 Major Exporters 4/ 36.81 158.76 0.75 128.83 27.89 39.59 India 25.10 105.24 0.00 94.03 10.87 25.44 Pakistan 0.55 5.80 0.05 2.30 3.60 0.50 Thailand 9.33 20.20 0.60 10.60 6.72 12.81 Vietnam 1.83 27.52 0.10 21.90 6.70 0.85 Major Importers 5/ 12.90 62.55 13.08 75.42 1.07 12.03 Brazil 0.54 7.99 0.64 7.85 0.84 0.48 European Union 6/ 1.12 2.09 1.40 3.25 0.20 1.15 Indonesia 7.40 36.55 0.65 38.13 0.00 6.48 Nigeria 1.02 2.37 2.80 5.30 0.00 0.89 Philippines 1.51 11.43 1.40 12.85 0.00 1.49 Sel. Mideast 7/ 0.97 1.65 4.79 6.03 0.00 1.38 Selected Other 0.00 Burma 0.40 11.72 0.00 10.40 1.16 0.55 C. Amer & Carib 8/ 0.43 1.67 1.42 3.14 0.01 0.37 China 45.02 143.00 3.70 144.00 0.34 47.38 Egypt 0.49 4.68 0.02 3.90 0.85 0.43 Japan 2.75 7.76 0.69 8.25 0.20 2.74 Mexico 0.15 0.13 0.74 0.84 0.00 0.19 South Korea 0.73 4.01 0.51 4.50 0.00 0.74 2013/14 Est. Beginning Stocks Production ImportsTotal /2 Domestic ExportsEnding Stocks World 3/ 110.14 476.09 38.76 474.98 40.77 111.25 United States 1.16 6.12 0.70 3.97 3.06 0.94 Total Foreign 108.98 469.97 38.06 471.01 37.71 110.31 Major Exporters 4/ 39.59 159.90 0.52 130.92 29.40 39.69 India 25.44 105.00 0.00 96.00 10.00 24.44 Pakistan 0.50 6.60 0.02 2.62 3.90 0.60 Thailand 12.81 20.50 0.30 10.80 9.00 13.81 Vietnam 0.85 27.80 0.20 21.50 6.50 0.85 Major Importers 5/ 12.03 64.91 14.42 77.00 1.18 13.19 Brazil 0.48 8.60 0.70 8.05 0.95 0.78 European Union 6/ 1.15 1.94 1.35 3.20 0.20 1.04 Indonesia 6.48 37.36 1.50 38.65 0.00 6.68 Nigeria 0.89 2.77 3.00 6.00 0.00 0.66 Philippines 1.49 11.89 2.00 12.85 0.00 2.53 Sel. Mideast 7/ 1.38 1.83 4.30 6.18 0.00 1.33 Selected Other 0.00 Burma 0.55 11.96 0.00 10.50 1.30 0.71 C. Amer & Carib 8/ 0.37 1.75 1.56 3.29 0.01 0.37 China 47.38 142.30 3.50 146.00 0.35 46.83 Egypt 0.43 4.88 0.03 4.00 0.80 0.53 Japan 2.74 7.83 0.70 8.25 0.20 2.82 Mexico 0.19 0.13 0.75 0.86 0.00 0.21 South Korea 0.74 4.23 0.41 4.61 0.00 0.78 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World impor ts and exports may not balance due to differen ces in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philipp ines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ C entral American and Caribbean countries. May 2014 WASDE - 529 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ Apr NA NA NA NA NA NA May 111.25 480.72 38.32 482.20 41.40 109.77 United States Apr NA NA NA NA NA NA filler filler filler filler filler filler May 0.94 6.81 0.70 4.10 3.26 1.10 Total Foreign Apr NA NA NA NA NA NA filler filler filler filler filler filler May 110.31 473.91 37.62 478.10 38.14 108.68 Major Exporters 4/ Apr NA NA NA NA NA NA May 39.69 161.00 0.60 133.10 29.60 38.59 India Apr NA NA NA NA NA NA May 24.44 106.00 0.00 98.00 9.00 23.44 filler filler filler filler filler filler Pakistan Apr NA NA NA NA NA NA May 0.60 6.70 0.00 2.70 3.90 0.70 Thailand Apr NA NA NA NA NA NA May 13.81 20.50 0.30 10.90 10.00 13.71 Vietnam Apr NA NA NA NA NA NA May 0.85 27.80 0.30 21.50 6.70 0.75 Major Importers 5/ Apr NA NA NA NA NA NA May 13.19 65.29 14.50 78.33 1.12 13.53 Brazil Apr NA NA NA NA NA NA filler filler filler filler filler filler May 0.78 8.50 0.70 8.15 0.90 0.93 European Union 6/ Apr NA NA NA NA NA NA May 1.04 1.96 1.40 3.20 0.19 1.01 Indonesia Apr NA NA NA NA NA NA May 6.68 37.70 1.00 39.20 0.00 6.18 Nigeria Apr NA NA NA NA NA NA May 0.66 2.55 3.50 6.10 0.00 0.61 Philippines Apr NA NA NA NA NA NA May 2.53 12.20 1.80 13.20 0.00 3.33 Sel. Mideast 7/ Apr NA NA NA NA NA NA May 1.33 1.85 4.48 6.35 0.00 1.31 Selected Other Burma Apr NA NA NA NA NA NA May 0.71 12.15 0.00 11.00 1.30 0.56 C. Amer & Carib 8/ Apr NA NA NA NA NA NA May 0.37 1.77 1.55 3.30 0.01 0.37 China Apr NA NA NA NA NA NA May 46.83 144.00 3.70 148.00 0.35 46.18 Egypt Apr NA NA NA NA NA NA May 0.53 4.90 0.06 4.10 0.88 0.52 Japan Apr NA NA NA NA NA NA May 2.82 7.70 0.70 8.20 0.20 2.82 Mexico Apr NA NA NA NA NA NA May 0.21 0.13 0.78 0.89 0.00 0.23 South Korea Apr NA NA NA NA NA NA May 0.78 4.15 0.41 4.59 0.00 0.75 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-28. 6/ Tr ade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. May 2014 WASDE - 529 - 26 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2012/13 Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World 73.47 122.95 46.20 106.77 46.69 -0.88 90.03 United States 3.35 17.32 0.01 3.50 13.03 0.25 3.90 Total Foreign 70.12 105.64 46.19 103.27 33.66 -1.13 86.13 Major Exporters 4/ 29.11 53.40 1.60 30.63 29.07 -1.32 25.72 Central Asia 5/ 3.09 7.27 3 / 2.33 5.29 0.00 2.75 Afr. Fr. Zone 6/ 1.14 4.21 3 / 0.16 4.11 0.00 1.08 S. Hemis 7/ 13.55 12.21 0.17 5.17 11.50 -0.33 9.59 Australia 3.81 4.60 3 / 0.04 6.17 -0.20 2.39 Brazil 7.99 6.00 0.07 4.10 4.31 -0.15 5.80 India 10.87 28.50 1.20 21.85 7.75 -1.00 11.97 Major Importers 8/ 39.14 49.63 41.83 68.99 2.71 0.19 58.72 Mexico 0.71 1.04 0.95 1.80 0.23 0.03 0.65 China 31.08 35.00 20.33 36.00 0.05 0.00 50.36 European Union 9/ 0.69 1.49 0.93 0.92 1.58 0.05 0.56 Turkey 1.24 2.65 3.69 6.05 0.22 0.00 1.32 Pakistan 2.84 9.30 2.20 11.00 0.45 0.03 2.86 Indonesia 0.48 0.03 2.60 2.55 0.01 0.05 0.50 Thailand 0.26 3 / 1.51 1.48 0.01 0.03 0.27 Bangladesh 0.87 0.11 3.90 3.90 0.00 0.01 0.97 Vietnam 0.32 0.02 2.41 2.25 0.00 0.00 0.49 2013/14 Est. Beginning Stocks Production ImportsDomestic Use ExportsLoss /2 Ending Stocks World 90.03 117.13 40.35 109.38 40.34 -0.12 97.91 United States 3.90 12.91 0.01 3.60 10.40 0.02 2.80 Total Foreign 86.13 104.22 40.34 105.78 29.94 -0.14 95.11 Major Exporters 4/ 25.72 55.02 1.34 31.84 25.45 -0.33 25.12 Central Asia 5/ 2.75 6.65 3 / 2.41 4.40 0.00 2.59 Afr. Fr. Zone 6/ 1.08 4.30 3 / 0.16 4.09 0.00 1.14 S. Hemis 7/ 9.59 13.54 0.19 5.30 7.74 -0.34 10.62 Australia 2.39 4.10 3 / 0.04 4.60 -0.20 2.05 Brazil 5.80 7.50 0.08 4.20 2.30 -0.15 7.03 India 11.97 29.50 0.75 23.00 8.80 0.00 10.42 Major Importers 8/ 58.72 46.48 36.00 70.20 2.58 0.19 68.24 Mexico 0.65 0.92 1.05 1.85 0.18 0.03 0.57 China 50.36 32.00 12.75 35.50 0.05 0.00 59.56 European Union 9/ 0.56 1.60 0.91 0.93 1.53 0.05 0.55 Turkey 1.32 2.30 4.25 6.30 0.18 0.00 1.39 Pakistan 2.86 9.50 2.50 11.50 0.40 0.03 2.94 Indonesia 0.50 0.03 2.65 2.65 0.01 0.05 0.47 Thailand 0.27 3 / 1.65 1.60 0.01 0.03 0.29 Bangladesh 0.97 0.12 4.10 4.15 0.00 0.01 1.02 Vietnam 0.49 0.02 3.00 2.80 0.00 0.00 0.71 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marke ting channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks base d on supply less total use and indicated endi ng stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kaza khstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Re public, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Austra lia, Brazil, Paraguay, South Africa, Tanzan ia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes H ong Kong, Japan, Russia, South Korea, a nd Taiwan. 9/ Includes intra-EU trade. May 2014 WASDE - 529 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2014/15 Proj. Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World Apr NA NA NA NA NA NA NA May 97.91 115.46 36.29 111.83 36.29 -0.13 101.66 United States Apr NA NA NA NA NA NA NA May 2.80 14.50 0.01 3.70 9.70 0.01 3.90 Total Foreign Apr NA NA NA NA NA NA NA May 95.11 100.96 36.28 108.13 26.59 -0.14 97.76 filler filler filler filler filler filler filler Major Exporters 4/ Apr NA NA NA NA NA NA NA May 25.12 53.35 1.60 32.17 22.04 -0.33 26.18 Central Asia 5/ Apr NA NA NA NA NA NA NA May 2.59 6.64 3 / 2.40 4.42 0.00 2.40 Afr. Fr. Zone 6/ Apr NA NA NA NA NA NA NA May 1.14 4.13 3 / 0.13 4.01 0.00 1.13 S. Hemis 7/ Apr NA NA NA NA NA NA NA May 10.62 13.42 0.15 5.30 7.61 -0.34 11.61 Australia Apr NA NA NA NA NA NA NA May 2.05 3.10 3 / 0.04 3.20 -0.20 2.12 Brazil Apr NA NA NA NA NA NA NA May 7.03 8.30 0.05 4.20 3.50 -0.15 7.83 India Apr NA NA NA NA NA NA NA May 10.42 28.50 1.00 23.50 5.70 0.00 10.72 filler filler filler filler filler filler filler Major Importers 8/ Apr NA NA NA NA NA NA NA May 68.24 44.82 31.78 72.23 2.65 0.19 69.79 Mexico Apr NA NA NA NA NA NA NA May 0.57 1.05 1.00 1.80 0.20 0.03 0.60 China Apr NA NA NA NA NA NA NA May 59.56 29.50 8.50 37.00 0.05 0.00 60.51 European Union 9/ Apr NA NA NA NA NA NA NA May 0.55 1.71 0.88 0.96 1.56 0.05 0.56 Turkey Apr NA NA NA NA NA NA NA May 1.39 2.90 3.80 6.40 0.20 0.00 1.49 Pakistan Apr NA NA NA NA NA NA NA May 2.94 9.50 3.00 11.80 0.40 0.03 3.21 Indonesia Apr NA NA NA NA NA NA NA May 0.47 0.03 2.80 2.70 0.01 0.05 0.54 Thailand Apr NA NA NA NA NA NA NA May 0.29 3 / 1.68 1.65 0.01 0.03 0.29 Bangladesh Apr NA NA NA NA NA NA NA May 1.02 0.12 4.30 4.30 0.00 0.01 1.13 Vietnam Apr NA NA NA NA NA NA NA May 0.71 0.02 2.70 2.70 0.00 0.00 0.72 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing ch annel; for Australia, Brazil, China, and the United States, refl ects the difference between implicit stocks based on supply less total use a nd indicated ending stocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenist an, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions liste d, includes Hong Kong, Japan, Russia, South Kor ea, and Taiwan. 9/ Includes intra-EU trade. May 2014 WASDE - 529 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Domestic CrushDomestic TotalExports Ending Stocks World 2/ 53.59 267.85 95.56 229.26 259.32 100.65 57.04 United States 4.61 82.56 0.98 45.97 48.42 35.91 3.83 Total Foreign 48.98 185.29 94.58 183.30 210.90 64.74 53.22 Major Exporters 3/ 29.80 143.25 0.42 71.90 76.94 58.69 37.84 Argentina 16.39 49.30 0.00 33.61 35.55 7.74 22.40 Brazil 13.02 82.00 0.40 35.24 38.19 41.90 15.33 Paraguay 0.36 8.30 0.02 2.95 3.08 5.52 0.08 Major Importers 4/ 17.00 15.33 84.16 86.14 102.88 0.38 13.23 China 15.91 13.05 59.87 64.95 76.18 0.27 12.38 European Union 0.54 0.95 12.51 12.74 13.65 0.09 0.25 Japan 0.13 0.24 2.83 1.92 3.01 0.00 0.18 Mexico 0.13 0.25 3.41 3.65 3.69 0.00 0.10 2013/14 Est. Beginnin g Stock s Productio n Import sDomesti c CrushDomesti c Total Export sEndin g Stock s World 2/ 57.04 283.79 106.68 239.02 269.89 110.64 66.98 United States 3.83 89.51 2.45 46.13 48.71 43.55 3.53 Total Foreign 53.22 194.28 104.23 192.89 221.18 67.10 63.45 Major Exporters 3/ 37.84 153.10 0.17 77.95 83.13 61.15 46.84 Argentina 22.40 54.00 0.00 37.30 39.35 9.00 28.05 Brazil 15.33 87.50 0.15 37.00 39.98 44.50 18.51 Paraguay 0.08 8.10 0.02 3.50 3.63 4.30 0.27 Major Importers 4/ 13.23 14.75 93.58 89.63 106.50 0.31 14.75 China 12.38 12.20 69.00 68.35 79.65 0.23 13.70 European Union 0.25 1.23 12.30 12.35 13.28 0.06 0.44 Japan 0.18 0.20 2.80 1.96 3.01 0.00 0.17 Mexico 0.10 0.25 3.65 3.85 3.89 0.00 0.12 2014/15 Proj. Beginnin g Stock s Productio n Import s Domesti c CrushDomesti c Total Export s Endin g Stock s World 2/ Apr NA NA NA NA NA NA NA May 66.98 299.82 108.33 248.45 280.58 112.33 82.23 United States Apr NA NA NA NA NA NA NA May 3.53 98.93 0.41 46.68 49.67 44.23 8.98 Total Foreign Apr NA NA NA NA NA NA NA May 63.45 200.89 107.92 201.77 230.92 68.10 73.25 Major Exporters 3/ Apr NA NA NA NA NA NA NA May 46.84 156.60 0.17 80.80 86.05 61.50 56.06 Argentina Apr NA NA NA NA NA NA NA May 28.05 54.00 0.00 39.80 41.90 9.00 31.16 Brazil Apr NA NA NA NA NA NA NA May 18.51 91.00 0.15 37.10 40.10 45.00 24.56 Paraguay Apr NA NA NA NA NA NA NA May 0.27 8.20 0.02 3.70 3.83 4.32 0.34 Major Importers 4/ Apr NA NA NA NA NA NA NA May 14.75 14.63 97.25 94.28 111.45 0.39 14.79 China Apr NA NA NA NA NA NA NA May 13.70 12.00 72.00 72.50 83.90 0.30 13.50 European Union Apr NA NA NA NA NA NA NA May 0.44 1.25 12.50 12.58 13.51 0.07 0.61 Japan Apr NA NA NA NA NA NA NA May 0.17 0.21 2.80 1.95 3.01 0.00 0.17 Mexico Apr NA NA NA NA NA NA NA May 0.12 0.29 3.74 3.97 4.00 0.00 0.15 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an Octobe r-September year. 2/ World i mports and exports may not balance due to differences in local marketing years and to time lags be tween reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japa n, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Phil ippines, Vietnam, and Thailand). May 2014 WASDE - 529 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 10.08 180.67 53.78 176.47 57.76 10.29 United States 0.27 36.17 0.22 26.34 10.08 0.25 Total Foreign 9.80 144.50 53.56 150.13 47.68 10.04 Major Exporters 3/ 6.68 61.08 0.04 18.63 41.26 7.91 Argentina 3.38 26.09 0.00 1.07 23.67 4.73 Brazil 3.20 27.31 0.03 14.20 13.24 3.10 India 0.11 7.68 0.01 3.36 4.35 0.08 Major Importers 4/ 1.48 13.90 31.18 45.05 0.57 0.93 European Union 0.37 10.19 16.94 26.89 0.54 0.08 Southeast Asia 5/ 0.90 2.26 12.47 14.81 0.04 0.78 2013/14 Est. Beginnin g Stock s Product i on Import sDomesti c Total Export s Endin g Stock s World 2/ 10.29 188.32 57.94 183.34 61.77 11.44 United States 0.25 36.30 0.29 26.49 10.07 0.27 Total Foreign 10.04 152.03 57.66 156.85 51.70 11.17 Major Exporters 3/ 7.91 65.20 0.03 19.59 45.13 8.42 Argentina 4.73 29.00 0.00 1.19 27.80 4.74 Brazil 3.10 28.68 0.03 14.50 13.78 3.53 India 0.08 7.52 0.01 3.90 3.55 0.15 Major Importers 4/ 0.93 13.76 34.15 46.88 0.67 1.29 European Union 0.08 9.85 18.90 27.81 0.60 0.41 Southeast Asia 5/ 0.78 2.43 13.25 15.58 0.07 0.82 2014/15 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Apr NA NA NA NA NA NA May 11.44 196.10 60.61 191.92 64.76 11.47 United States Apr NA NA NA NA NA NA May 0.27 36.95 0.15 26.94 10.16 0.27 Total Foreign Apr NA NA NA NA NA NA May 11.17 159.15 60.46 164.98 54.60 11.20 Major Exporters 3/ Apr NA NA NA NA NA NA May 8.42 67.64 0.03 20.45 47.62 8.01 Argentina Apr NA NA NA NA NA NA May 4.74 30.95 0.00 1.23 29.82 4.65 Brazil Apr NA NA NA NA NA NA May 3.53 28.76 0.03 15.00 14.00 3.31 India Apr NA NA NA NA NA NA May 0.15 7.93 0.01 4.23 3.80 0.06 Major Importers 4/ Apr NA NA NA NA NA NA May 1.29 14.06 35.90 49.04 0.72 1.49 European Union Apr NA NA NA NA NA NA May 0.41 10.03 19.80 29.11 0.65 0.48 Southeast Asia 5/ Apr NA NA NA NA NA NA May 0.82 2.56 14.00 16.38 0.07 0.93 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Ar gentina, Brazil, and India. 4/ European Union, Southeast Asia , and Japan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. May 2014 WASDE - 529 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 3.86 42.82 8.43 42.32 9.32 3.48 United States 1.15 8.99 0.09 8.48 0.98 0.77 Total Foreign 2.71 33.83 8.34 33.84 8.33 2.71 Major Exporters 3/ 0.88 15.44 0.40 9.47 6.51 0.74 Argentina 0.32 6.36 0.09 2.28 4.24 0.26 Brazil 0.41 6.76 0.01 5.54 1.25 0.38 European Union 0.15 2.32 0.30 1.65 1.01 0.10 Major Importers 4/ 1.07 13.71 3.88 17.15 0.16 1.36 China 0.62 11.63 1.41 12.55 0.08 1.02 India 0.36 1.69 1.09 2.91 0.00 0.23 North Africa 5/ 0.09 0.40 1.39 1.69 0.07 0.11 2013/14 Est. Be ginning Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 3.48 44.65 8.97 44.33 9.42 3.36 United States 0.77 8.96 0.09 8.37 0.75 0.70 Total Foreign 2.71 35.69 8.88 35.96 8.67 2.66 Major Exporters 3/ 0.74 16.44 0.40 10.04 6.70 0.84 Argentina 0.26 7.10 0.08 2.59 4.50 0.35 Brazil 0.38 7.10 0.00 5.68 1.40 0.40 European Union 0.10 2.24 0.32 1.77 0.80 0.09 Major Importers 4/ 1.36 14.33 4.24 18.49 0.16 1.28 China 1.02 12.25 1.35 13.51 0.09 1.02 India 0.23 1.69 1.50 3.25 0.00 0.16 North Africa 5/ 0.11 0.40 1.39 1.73 0.08 0.10 2014/15 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Apr NA NA NA NA NA NA May 3.36 46.34 9.20 45.73 9.76 3.41 United States Apr NA NA NA NA NA NA May 0.70 8.99 0.07 8.21 0.77 0.78 Total Foreign Apr NA NA NA NA NA NA May 2.66 37.36 9.13 37.52 8.99 2.63 Major Exporters 3/ Apr NA NA NA NA NA NA May 0.84 17.00 0.38 10.47 6.97 0.79 Argentina Apr NA NA NA NA NA NA May 0.35 7.60 0.08 2.89 4.80 0.34 Brazil Apr NA NA NA NA NA NA May 0.40 7.12 0.00 5.80 1.37 0.35 European Union Apr NA NA NA NA NA NA May 0.09 2.28 0.30 1.78 0.80 0.10 Major Importers 4/ Apr NA NA NA NA NA NA May 1.28 15.17 4.42 19.45 0.16 1.26 China Apr NA NA NA NA NA NA May 1.02 12.99 1.35 14.24 0.08 1.04 India Apr NA NA NA NA NA NA May 0.16 1.78 1.65 3.45 0.00 0.14 North Africa 5/ Apr NA NA NA NA NA NA May 0.10 0.41 1.42 1.76 0.08 0.08 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and i mports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and Eurpoean Union. 4/ China, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. May 2014 WASDE - 529 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Mea t 2/Broiler Turkey Total Poultry 3 /Red Meat & PoultryEgg Milk Million Pounds Mil doz Bil lbs 2013 II 6,513 5,516 12,096 9,466 1, 486 11,087 23,183 1,968 52.0 III 6,609 5,622 12,298 9,683 1, 440 11,265 23,563 1,994 49.4 IV 6,423 6,274 12,764 9,537 1, 420 11,080 23,844 2,038 49.3 Annual 25,720 23,187 49,174 37,830 5, 805 44,159 93,333 7,946 201.2 2014 I 5,868 5,785 11,716 9,278 1, 332 10,734 22,450 1,980 51.1 II* 6,315 5,400 11,778 9,650 1, 415 11,205 22,983 2,005 52.9 III* 6,310 5,400 11,772 9,825 1, 450 11,415 23,187 2,015 50.9 IV* 6,070 6,070 12,203 9,675 1, 500 11,305 23,508 2,065 51.3 Annual Apr Proj. 24,565 22,760 47,576 38,500 5, 675 44,710 92,286 8,060 206.1 May Proj. 24,563 22,655 47,469 38,428 5, 697 44,659 92,128 8,065 206.1 2015 I* 5,795 5,750 11,608 9,475 1, 400 11,000 22,608 2,005 52.5 Annual Apr Proj. NA NA NA NA NA NA NA NA NA May Proj. 24,315 23,310 47,872 39,275 5, 925 45,745 93,617 8,180 212.1 * Projection. 1/ Commercial production for red meats; federa lly inspected for poultry meats. 2/ Beef, pork, veal and lamb & mutton. 3/ Broile rs, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/Barrows and gilts 3/Broilers 4/Turkeys 5/Eggs 6/Milk 7/ Dol./cw t Dol./cw t Cents/lb. Cents/lb. Cents/doz. Dol./cw t 2013 II 124.95 65.46 108.6 97.7 109.9 19.57 III 122.30 70.59 93.9 99.9 119.0 19.60 IV 130.77 61.11 92.8 105.4 143.0 21.50 Annual 125.89 64.05 99.7 99.8 124.7 20.05 2014 I 146.34 68.69 98.4 100.7 142.7 24.53 II* 144-148 84-86 108-112 103-107 133-137 24.40-24.70 III* 140-148 82-88 100-106 104-110 114-122 21.30-21.90 IV* 142-154 70-76 98-106 106-114 127-137 20.20-21.10 Annual Apr Proj. 144-151 72-75 100-104 103-108 126-132 22.55-23.05 May Proj. 143-149 76-80 101-106 103-108 129-135 22.70-23.00 2015 I* 146-158 68-74 100-108 98-106 130-140 20.35-21.35 Annual Apr Proj. NA NA NA NA NA NA May Proj. 145-157 70-76 100-108 102-111 122-132 19.70-20.70 *Projection. 1/ Simple average of months . 2/ 5-Area, Direct, Total all grades 3/ National Base, Live equiv 51-52% lean. 4/ Who lesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. May 2014 WASDE - 529 - 32 U.S. Meats Supply and Use Item Beginning stocksProduction 1/ ImportsTotal Supply ExportsEnding StocksTotal UsePer Capita 2/ 3/ Million Pounds /4 Beef 2013 608 25,791 2,250 28,649 2,583 584 25,483 56.4 2014 Proj. Apr 584 24,648 2,325 27,557 2,515 525 24,517 53.8 May 584 24,634 2,396 27,614 2,508 525 24,581 54.0 2015 Proj. Apr NA NA NA NA NA NA NA NA May 525 24,386 2,445 27,356 2,425 525 24,406 53.2 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2013 625 23,200 879 24,704 4,992 618 19,095 46.8 2014 Proj. Apr 618 22,777 915 24,310 4,850 605 18,855 45.9 May 618 22,668 912 24,198 4,850 525 18,823 45.8 2015 Proj. Apr NA NA NA NA NA NA NA NA May 525 23,323 890 24,738 5,035 580 19,123 46.2 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2013 1,260 49,270 3,302 53,832 7,582 1,230 45,020 104.4 2014 Proj. Apr 1,230 47,689 3,400 52,319 7,374 1,158 43,787 100.9 May 1,230 47,564 3,469 52,263 7,367 1,078 43,819 100.9 2015 Proj. Apr NA NA NA NA NA NA NA NA May 1,078 47,967 3,501 52,546 7,469 1,133 43,944 100.6 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2013 651 37,425 122 38,199 7,364 669 30,166 81.9 2014 Proj. Apr 669 38,088 112 38,869 7,525 635 30,709 82.7 May 669 38,017 113 38,798 7,531 625 30,642 82.6 2015 Proj. Apr NA NA NA NA NA NA NA NA May 625 38,855 116 39,596 7,625 645 31,326 83.8 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2013 296 5,729 22 6,047 758 237 5,052 16.0 2014 Proj. Apr 237 5,675 20 5,932 710 245 4,977 15.6 May 237 5,697 21 5,955 713 245 4,997 15.7 2015 Proj. Apr NA NA NA NA NA NA NA NA May 245 5,925 20 6,190 750 310 5,130 16.0 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2013 949 43,677 146 44,771 8,230 912 35,630 99.1 2014 Proj. Apr 912 44,297 134 45,343 8,335 884 36,124 99.7 May 912 44,247 135 45,295 8,348 874 36,073 99.6 2015 Proj. Apr NA NA NA NA NA NA NA NA May 874 45,319 138 46,331 8,500 959 36,872 101.1 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2013 2,208 92,947 3,448 98,603 15,812 2,142 80,649 203.5 2014 Proj. Apr 2,142 91,987 3,534 97,662 15,709 2,042 79,912 200.6 May 2,142 91,812 3,604 97,557 15,714 1,952 79,892 200.5 2015 Proj. Apr NA NA NA NA NA NA NA NA May 1,952 93,286 3,639 98,877 15,969 2,092 80,816 201.7 1/ Total including farm production for red meats and, for pou ltry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis for red meat and broilers; certified ready-to-cook weight for turkey. 3/ Populati on source: Dept. of Commerce, Census Bureau . 4/ Carcass weight for red meats and cer tified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. May 2014 WASDE - 529 - 33 U.S. Egg Supply and Use Commodity 2012 2013 2014 Proj. 2014 Proj. 2015 Proj. 2015 Proj. Apr May Apr May Eggs Million Dozen Supply Beginning Stocks 27.7 20.8 23.0 23.0 NA 22.0 Production 7,786.3 7,945.6 8,060.0 8,065.0 NA 8,180.0 Imports 18.4 16.9 16.0 16.6 NA 20.0 Total Supply 7,832.4 7,983.3 8,099.0 8,104.6 NA 8,222.0 Use Exports 301.7 371.6 312.0 310.0 NA 320.0 Hatching Use 940.8 959.9 985.0 972.7 NA 1,000.0 Ending Stocks 20.8 23.0 24.0 22.0 NA 23.0 Disappearance Total 6,569.1 6,628.8 6,778.0 6,799.9 NA 6,879.0 Per Capita (number) 250.8 251.3 255.1 256.0 NA 257.1 Total U.S. Milk Supply and Use Commodity 2012 2013 2014 Proj. 2014 Proj. 2015 Proj. 2015 Proj. Apr May Apr May Milk Billion Pounds Production 200.5 201.2 206.1 206.1 NA 212.1 Farm Use 1.0 1.0 1.0 1.0 NA 1.0 Fat Basis Supply Beg. Commercial Stocks 10.9 12.2 11.2 11.2 NA 10.9 Marketings 199.6 200.2 205.2 205.2 NA 211.1 Imports 4.1 3.7 3.7 3.4 NA 3.4 Total Cml. Supply 214.6 216.2 220.1 219.8 NA 225.4 Fat Basis Use Commercial Exports 8.8 12.4 12.7 13.3 NA 12.7 Ending Commercial Stocks 12.2 11.2 10.9 10.9 NA 12.0 CCC Donations 0.0 0.0 0.0 0.0 NA 0.0 Domestic Commercial Use 193.6 192.6 196.5 195.5 NA 200.7 Skim-solid Basis Supply Beg. Commercial Stocks 11.8 12.4 11.6 11.7 NA 11.9 Marketings 199.6 200.2 205.2 205.2 NA 211.1 Imports 5.7 5.3 5.2 5.4 NA 5.1 Total Cml. Supply 217.1 217.9 222.0 222.2 NA 228.1 Skim-solid Basis Use Commercial Exports 33.3 38.6 37.7 38.7 NA 38.6 Ending Commercial Stocks 12.4 11.7 11.7 11.9 NA 12.2 CCC Donations 0.0 0.0 0.0 0.0 NA 0.0 Domestic Commercial Use 171.4 167.7 172.6 171.7 NA 177.4 Total Note: Totals may not add due to rounding. May 2014 WASDE - 529 - 34 U.S. Dairy Prices Commodity 2012 2013 2014 Proj. 2014 Proj. 2015 Proj. 2015 Proj. Apr May Apr May Product Prices 1/ Dollars Pe r Pound Cheese 1.7076 1.7683 1.985- 2.0351.995- 2.025NA 1.670- 1.770 Butter 1.5943 1.5451 1.760- 1.8401.800- 1.860NA 1.615- 1.745 Nonfat Dry Milk 1.3279 1.7066 1.830- 1.8701.830- 1.860NA 1.605- 1.675 Dry Whey 0.5935 0.5902 0.615- 0.6450.630- 0.650NA 0.550- 0.580 Filler Dollars Pe r Cwt Milk Prices 2/ Class III 17.44 17.99 20.40- 20.9020.55- 20.85NA 16.90- 17.90 Class IV 16.01 19.05 21.05- 21.6521.25- 21.65NA 18.55- 19.65 All Milk 3/ 18.52 20.05 22.55- 23.0522.70- 23.00NA 19.70- 20.70 1/ Simple average of monthly prices calculated by AMS from w eekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deduc tions from producers as authorized by legislation. May 2014 WASDE - 529 - 35 Note: Tables on pages 35-37 present a record of the May projecti on and the final Estimate. Using world wheat production as an e xample, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 3.2 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 5.4 percent. The aver age difference between the May projection and the final estimate is 15.9 million tons, ranging from 1.7 million to 35.0 million tons. The May projection has been below the estimate 19 times and above 14 times. Reliability of May Projections 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final WHEAT Percent Million Metric Tons Production Worl d 3.2 5.4 15.9 1.7 35.0 19 14 U.S. 6.7 11.4 3.0 0.0 9.8 17 16 Forei gn 3.3 5.7 14.7 1.6 32.9 18 15 Exports Worl d 6.1 10.3 5.6 0.1 17.6 22 11 U.S. 12.5 21.3 3.1 0.0 10.2 19 13 Forei gn 7.0 11.8 5.1 0.4 17.8 23 10 Domestic Use Worl d 2.2 3.7 9.4 0.3 28.0 21 12 U.S. 7.6 12.9 1.9 0.2 6.4 17 16 Forei gn 2.1 3.6 8.9 0.2 24.7 22 11 Ending Stocks Worl d 10.5 17.8 12.1 0.3 34.1 20 13 U.S. 21.4 36.4 3.6 0.1 14.1 17 16 Forei gn 10.7 18.1 10.3 2.5 28.3 19 14 COARSE GRAINS 2/ Production Worl d 3.9 6.6 26.9 1.1 103.6 15 18 U.S. 15.0 25.5 22.0 0.9 103.8 16 17 Forei gn 2.8 4.8 14.1 0.2 42.8 14 19 Exports Worl d 7.8 13.3 7.4 1.3 17.9 22 11 U.S. 29.1 49.4 8.4 0.1 29.5 13 20 Forei gn 14.5 24.6 6.6 0.3 20.8 22 11 Domestic Use Worl d 2.1 3.6 14.9 0.4 68.4 16 17 U.S. 6.4 10.8 8.6 0.2 38.4 20 13 Forei gn 2.1 3.5 11.1 0.5 32.8 16 17 Ending Stocks Worl d 21.4 36.3 23.2 2.6 71.4 19 14 U.S. 59.3 100.7 18.6 1.3 57.6 14 19 Forei gn 18.0 30.6 11.7 0.0 33.8 21 12 RICE, milled Production Worl d 2.5 4.3 7.0 0.0 21.8 20 13 U.S. 7.2 12.2 0.3 0.0 1.0 19 14 Forei gn 2.6 4.3 7.0 0.4 22.0 20 13 Exports Worl d 10.1 17.1 1.7 0.1 7.5 25 8 U.S. 12.4 21.0 0.3 0.0 1.0 18 11 Forei gn 10.8 18.4 1.5 0.2 7.1 25 8 Domestic Use Worl d 2.0 3.4 5.1 0.0 19.4 23 10 U.S. 9.7 16.5 0.2 0.0 0.6 12 20 Forei gn 2.0 3.5 5.1 0.2 20.0 24 9 Ending Stocks Worl d 14.7 25.0 5.0 0.1 17.0 23 10 U.S. 34.7 58.8 0.3 0.0 0.9 18 13 Forei gn 16.2 27.5 5.0 0.1 16.7 23 10 1/ Footnotes at end of table. CONTINUED May 2014 WASDE - 529 - 36 Reliability of May Projections (Continued) Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final SOYBEANS Percent Million Metric Tons Production World NA NA 10.6 1.4 23.1 2 3 U.S. 9.1 15.4 4.2 0.0 12.0 15 18 Foreign NA NA 8.6 1.3 16.9 4 1 Exports World NA NA 6.1 0.6 10.6 4 1 U.S. 16.3 27.7 3.0 0.0 6.8 18 14 Foreign NA NA 3.1 1.2 4.8 3 2 Domestic Use World NA NA 5.9 1.2 9.5 2 3 U.S. 6.7 11.4 2.1 0.1 7.5 19 14 Foreign NA NA 5.3 0.2 10.0 2 3 Ending Stocks World NA NA 6.5 4.6 11.1 2 3 U.S. 63.5 107.7 2.9 0.2 8.4 9 24 Foreign NA NA 5.8 1.0 12.2 3 2 COTTON Million 480-Pound Bales Production World 6.3 10.6 4.2 0.1 16.7 20 13 U.S. 11.2 19.0 1.5 0.1 5.5 16 17 Foreign 6.4 10.9 3.4 0.1 12.2 19 14 Exports World 10.8 18.3 2.2 0.1 12.4 18 15 U.S. 31.5 53.5 1.4 0.1 3.8 20 13 Foreign 13.9 23.5 1.6 0.1 10.4 18 15 Domestic Use World 4.6 7.9 3.1 0.1 17.2 13 20 U.S. 10.0 16.9 0.6 0.0 1.4 17 15 Foreign 4.7 7.9 3.0 0.0 16.5 15 18 Ending Stocks World 18.9 32.1 6.5 1.0 18.1 23 10 U.S. 45.9 77.9 1.6 0.0 4.3 15 18 Foreign 18.0 30.5 5.5 0.1 17.2 23 10 1/ Marketing years 1981/82 through 2013/14 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the ma rketing year for 1981/82 through 2012/13, and for 2013/14 last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. May 2014 WASDE - 529 - 37 Reliability of United States May Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final CORN Percent Million Bushels Production 16.0 27.1 781 8 4,010 13 20 Exports 30.4 51.6 306 0 1,100 14 18 Domestic Use 6.8 11.6 339 15 1,538 21 12 Ending Stocks 71.3 121.0 669 41 2,091 14 19 SORGHUM Production 20.8 35.3 90 0 228 13 19 Exports 33.2 56.3 43 0 118 15 17 Domestic Use 17.6 29.9 52 0 162 13 19 Ending Stocks 74.3 126.1 54 1 238 12 21 BARLEY Production 15.0 25.4 29 1 206 12 21 Exports 75.3 127.7 15 0 92 16 14 Domestic Use 11.9 20.1 31 0 95 16 16 Ending Stocks 22.0 37.3 24 0 78 15 17 OATS Production 26.4 44.7 35 1 231 8 25 Exports 120.1 203. 81088 1 2 Domestic Use 11.4 19.4 23 5 160 12 21 Ending Stocks 34.2 58.1 18 0 77 10 20 SOYBEAN MEAL Thousand Short Tons Production 6.0 10.2 1,353 0 5,344 19 13 Exports 19.0 32.2 1,025 0 2,750 20 12 Domestic Use 4.7 8.0 874 24 4,950 15 18 Ending Stocks 45.5 77.2 60 0 388 11 15 SOYBEAN OIL Million Pounds Production 5.7 9.6 652 18 2,500 22 11 Exports 37.8 64.1 522 25 1,700 18 15 Domestic Use 4.1 6.9 440 8 1,800 19 14 Ending Stocks 38.7 65.6 480 25 1,702 20 13 ANIMAL PROD. 3/ Million Pounds Beef 4.3 7.4 834 40 2,727 14 6 Pork 3.5 6.1 530 61 1,722 12 7 Broilers 2.6 4.5 731 80 1,640 8 12 Turkeys 4.3 7.4 181 2 500 11 9 Million Dozen Eggs 1.3 2.3 76 2 200 12 8 Billion Pounds Milk 1.7 3.0 2.4 0.2 6.7 11 9 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2013/14 for grains, soybeans, and cotton. Final for grai ns, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2012/13, and for 2013/14 last month’s estimate. Calendar years 1982 through 2013 for meats, eggs, and milk. Final for an imal products is defined as the latest annual production estimate published by NASS for 1982-2013. WASDE-529-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at http://www.fas.usda.gov/psd/online . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric-Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 UNITED STATES DEPARTMENT OF AGRICULTURE WORLD AGRICULTURAL OUTLOOK BOARD WASHINGTON, D.C. 20250-3812 ___________________ OFFICIAL BUSINESS Penalty for Private Use, $300 FIRST-CLASS MAIL POSTAGE & FEES PAID USDA PERMIT NO. G-289 World Agricultural Supply and Demand Estimates WASDE-529 – May 9, 2014 Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e-mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu . Select the “Reports by E-Mail” bar to sign up. Print Subscriptions: For print subscriptions, call the National Technical Information Service (NTIS) at 1-800- 999-6779 or 703-605-6220. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250-9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 613 Approved by the World Agricultural Outlook Board June 10, 2021 WHEAT: The outlook for 2021/22 U.S. wheat this month is for larger supplies, higher domestic use, unchanged exports, and slightly lower stocks. Supplies are raised as higher production more than offsets reduced beginning stocks. All wheat production is projected at 1,898 million bushels, up 26 million from last month on increased Hard Red Winter and Soft Red Winter production more than offsetting lower White Winter production. The all wheat yield is 50.7 bushels per acre, up 0.7 bushels from last month. Beginning stocks declined due to higher 2020/21 exports, which were raised 20 million bushels to 985 million, primarily on larger recent monthly exports. Feed and residual use is raised 10 million bushels to 180 million on the higher supplies as wheat is expected to be priced competitively with corn in the summer months. Projected 2021/22 ending stocks are lowered 4 million bushels to 770 millio n, down 10 percent from the revised 2020/21 ending stocks. The projected 2021/22 season -average farm price is unchanged at $6.50 per bushel, compared to $5.05 for 2020/21, which is also unchanged this month. The global wheat outlook for 2021/22 is for larger supplies, higher consumption, increased trade, and higher stocks. Supplies are projected to increase 4.3 million tons to 1,087.9 million, mainly on higher production for the EU, Russia, and Ukraine as world production is projected at a record 794.4 million. The EU is raised 3.5 million tons to 137.5 million on recent beneficial precipitation across Northern and Central Europe. The largest increases are for Germany, France, and Romania. Russia’s production is raised 1.0 million tons to a record 86.0 million. Winter wheat production is increased on a higher yield with widespread spring rainfall across Western Russia, while spring wheat is raised on higher area, based on Agricultural Ministry estimates. Ukraine is increased 0.5 million tons to a re cord 29.5 million on continued favorable weather conditions. Projected 2021/22 world consumption is raised 2.4 million tons to a record 791.1 million, primarily on higher feed and residual use by the EU and Russia on increased supplies. Projected 2021/22 global trade is raised 0.8 million tons to a record 203.2 million, on increased exports by Ukraine and India. Projected 2021/22 world ending stocks are raised 1.8 million tons to 296.8 million with China accounting for 48 percent of the total. COARSE GRAINS: This month’s 2021/22 U.S. corn outlook is for reduced beginning and ending stocks. Beginning stocks are down 150 million bushels reflecting projected increases for 2020/21 in corn used for ethanol and exports. Corn used for ethanol is raised 75 million bushels based on the most recent data from the Grain Crushings and Co-Products Production report, and weekly ethanol production and refiner and blender net inputs data during May which indicate demand is almost back to levels seen prior to COVID -19. Exports are raised 75 million bushels, based on export inspection data for the month of May that implies continued robust global demand for U.S. corn, despite high WASDE-613-2 prices. With no use changes for 2021/22, ending stoc ks are lowered 150 million bushels. The season -average farm price received by producers is unchanged at $5.70 per bushel. This month’s 2021/22 foreign coarse grain outlook is for greater production, marginally higher trade , and larger ending stocks relati ve to last month. Barley production is raised for the EU, mostly reflecting forecast increases for Germany and France that are partly offset by a reduction for Spain. Barley production is also lowered for Turkey. Brazil corn production for 2020/21 is reduced on lower yield expectations for second -crop corn, based on below -normal rainfall in the Center -West and South during the month of May. Partly offsetting is greater indicated area for the second and third crops. Major global trade changes for 2021/ 22 include larger forecast barley exports for the EU with increased imports for China. For 2020/21, Brazil’s corn exports are lowered for the marketing year beginning March 2021. Foreign corn ending stocks for 2021/22 are raised relative to last month, m ostly reflecting increases for Pakistan and South Africa that are partly offset by a reduction for Canada. RICE : The outlook for 2021/22 U.S. rice this month is for smaller supplies, unchanged domestic use and exports, and reduced ending stocks. All o f the 2021/22 changes are the result of 2020/21 trade revisions. The 2021/22 all rice beginning stocks are reduced 2.0 million cwt to 40.9 million, due to a combination of lower imports and higher exports for 2020/21. All rice 2020/21 imports are lowered 1.0 million cwt to 34.7 million on reduced volumes from Asia in recent months. All rice 2020/21 exports are raised 1.0 million cwt to 92.0 million, primarily on increased export sales and shipments to Venezuela. Both of these trade changes are for long -grain. Since there are no other 2021/22 supply changes and no changes to the use categories, 2021/22 projected ending stocks are reduced by 2.0 million cwt to 39.0 million. The 2021/22 all rice season-average farm price is unchanged at $14.20 per cwt, compared to $13.90 for 2020/21, which is also unchanged this month. The 2021/22 global outlook is for larger supplies, higher consumption and trade, and increased stocks. Supplies are raised by 1.6 million tons to 682.9 million, primarily on a combination of higher beginning stocks for China and Bangladesh and increased production for India. World production is raised to a record 506.6 million tons, mainly on higher production for India, as its harvested area is expected to remain at the same level as 2020/21, which was also raised this month. World 2021/22 consumption is raised by 1.2 million tons to a record 514.5 million, mainly on India ’s increased supp lies. Global 2021/22 trade is raised 0.5 million tons to 47.0 million, primarily on higher exports by India. Projected 2021/22 world ending stocks are raised 0.4 million tons to 168.4 million with China accounting for 65 percent of the total. OILSEEDS: This month’s U.S. soybean supply and use projections for 2021/22 include higher beginning and ending stocks. Higher beginning stocks reflect a lower crush forecast for 2020/21. Soybean crush for 2020/21 is reduced 15 million bushels to 2.175 billion based on a lower forecast for soybean meal domestic disappearance and higher soybean meal imports. Soybean oil exports for 2020/21 are reduced 400 million pounds to 1.9 billion as high U.S. prices reduce competitiveness in the world market. Conver sely, WASDE-613-3 soybean oil domestic disappearance is increased 225 million pounds, reflecting strong consumption to date. With higher soybean beginning stocks and no use changes for 2021/22, ending stocks are projected at 155 million bushels, up 15 million from la st month. The 2021/22 season- average soybean and product price forecasts are unchanged this month. The 2021/22 global oilseed supply and demand forecasts include higher production and ending stocks compared to last month. Global oilseed production is forecast up 0.6 million tons to 632.9 million, with higher canola production partly offset by lower cottonseed. EU canola production is increased 0.6 million to 17.2 million as cool spring weather coupled with timely May rainfall boosted yield prospects par ticularly for France, Germany , and Poland. Australian canola production is also revised up 0.2 million tons to 3.7 million on higher area harvested and yield. Global 2021/22 soybean ending stocks are raised 1.5 million tons to 92.6 million, driven by higher beginning stocks for the United States and Brazil. Brazil’s 2020/21 soybean production is raised 1.0 million tons to 137.0 million, mainly on higher yields for Mato Grosso do Sul. Another notable oilseed change includes a 0.5 -million -ton reduction to 18.5 million for Malaysian 2020/21 palm oil production due to lower -than-expected recent monthly output. SUGAR : U.S. sugar supplies for 2020/21 are decreased by 50,000 short tons, raw value (STRV) on lower re- export imports. Re-export imports for 2020/21 are estimated at 250,000 STRV and are lowered on the basis of the pace to date. There are no other changes, implying that beginning stocks for 2021/22 are lower by the 50,000- STRV amount. There are no other changes to supply or use for 2021/22. With no announcement on the 2021/22 U.S. additional specialty TRQ, total TRQ imports are still at minimum levels consistent with WTO and FTA bindings. Ending stocks for 2021/22 are projected at 1.452 million for an ending stocks -to-use ratio of 11.84 percent. Mexico sugar production for 2020/21 is estimated at 5.200 million metric tons (MT), a reduction of 125,000 due to a campaign cut short by an early onset of seasonal rains in several regional production areas. Exports other than those to the United States under the Suspension Agreement provisions are reduced by the 125,000 -MT amount, leaving ending stocks unchanged at 910,417 MT. There are no changes to Mexico supply or use for 2021/22. LIVESTOCK, POULTRY, AND DAIRY : The forecast for 2021 red meat and p oultry production is raised from last month as higher forecast beef, broiler, and turkey production more than offsets lower pork production. The increase in beef production is small as higher expected cow slaughter is largely offset by lower steer and hei fer slaughter. Pork production is lowered as higher expected slaughter is more than offset by lower carcass weights. The broiler production forecast is raised primarily on higher production in the second quarter while turkey production is raised on hatchery data and a more rapid pace of slaughter. Egg production is raised from the previous month on recent hatchery data. The 2022 red meat and poultry production forecast is little changed WASDE-613-4 from last month with only a slight increase in turkey production due to expected improvement in turkey prices. The beef import forecast is raised for 2021 and 2022 on expected strength in demand for processing beef. Exports for both years are raised on expected firm demand from Asian markets. Pork export forecasts for 2021 and 2022 are raised from the previous month as demand in several markets has strengthened. Broiler and turkey export forecasts for 2021 are raised on recent trade data; no change is made to 2022. For 2021, cattle, hog, and turkey price forecasts are raised, reflecting current price strength. Hog and turkey prices are also raised for the first quarter of 2022. Broiler and egg price forecasts are reduced for second quarter 2021 based on current prices; no changes are made to prices in the outlying q uarters. Milk production for 2021 is raised from last month on higher expected cow numbers. The fat basis import forecast is reduced from the previous month on lower expected imports of butterfat containing products, while the skim -solids basis import forecast is unchanged. Exports on both fat and skims -solids bases are raised from last month. Fat basis export increases are underpinned largely by higher shipments of butterfat -containing products and cheese, while skim -solids increases primarily reflec t stronger expected cheese, lactose, and whey shipments. Price forecasts for butter, nonfat dry milk (NDM), and whey are raised from the previous month on recent price strength and stronger anticipated demand. The cheese price forecast is lowered from la st month on relatively large stocks and current prices. The lower forecast cheese price results in a lower Class III price, but the higher NDM and butter prices support result in a higher Class IV price. The all milk price forecast is lowered to $18.85 per cwt for 2021. The 2022 milk production forecast is raised from last month as higher forecast cow numbers for 2021 carry into 2022. Import forecasts are unchanged. The fat basis export forecast is unchanged, but the skim -solids export forecast is increased on expected strength in whey exports. For 2022, butter, NDM, and whey price forecasts are raised from the previous month while the cheese price is unchanged. Thus, Class III and Class IV price forecasts are raised from last month. The all milk price forecast is raised to $18.75 per cwt for 2022. COTTON : The U.S. cotton projections for 2021/22 show a 100,000- bale increase in exports from last month, to 14.8 million bales, as stronger than expected late -season 2020/21 shipments extend past July 31. U.S. 2021/22 production and consumption are unchanged from last month, and with lower beginning stocks and higher exports, ending stocks are now 200,000 bales lower, at 2.9 million. The upland cotton farm price for 2021/22 is unchanged, at 75 cents per pound, while the 2020/21 price is reduced 1 cent to 67 cents per pound. Global ending stocks in 2021/22 are also projected lower this month, down 1.7 million bales to 89.3 million. Beginning stocks are slightly lower as a 625,000- bale increase in 2020/21 consumption more than offsets higher estimated supplies. Consumption is also higher for 2021/22, up 1.1 million bales, as increases for China, Bangladesh, and Turkey WASDE-613-5 offset a lower forecast for India . Global cotton production in 2021/22 is 570,000 bales lower this month, led by a 750,000 -bale reduction in China following recent surveys indicating lower than expected area in Southern Xinjiang. World trade is 1.1 million bales higher, with increased imports for China, Bangladesh, and Turkey. Expected exports are higher this month for Brazil, Australia, and Tanzania, as well as the United States. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Mark Jekanowski, (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: SETH MEYER SECRETARY OF AGRICULTURE DESIGNATE WASDE-613-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone, ICEC Chair, WAOB, mark [email protected] Jennifer Bond, ERS; Graham Soley, FAS; Pete Riley, FPAC. Rice: Mark Simone, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS; Vidalina Abadam, FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Michael McConnell, ERS; Yoonhee Macke, FAS; Sharon Raszap, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Mark Ash, ERS; Bill George, FAS; Gustavo Ferreira, FPAC. Cotton: Steph en MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; James Johnson, FAS; Kent Lanclos, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Andrew Sowell, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Jacob Vuillemin, FAS; Georgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Grace Grossen, ERS; Claire Mezoughem, FAS; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Georgi Gabrielyan, FPAC. In 2021, the WASDE report will be released on Jul 12, Aug 12, Sep 10, Oct 12, Nov 9, and Dec 9. WASDE-613-7 T A B L E OF C O N T E N T S Page Highlights ................................................................................................................. 1 Interagency Commodity Estimates Committees ...................................................... 6 World & U.S. Supply & Use for Grains .................................................................... 8 World & U.S. Supply & Use for Cotton .................................................................... 9 World & U.S. Supply & Use for Oilseeds ............................................................... 10 U.S. Wheat Supply & Use ...................................................................................... 11 U.S. Wheat Supply & Use by Class ....................................................................... 11 U.S. Feed Grain & Corn Supply & Use .................................................................. 12 U.S. Sorghum, Barley & Oats Supply & Use ......................................................... 13 U.S. Rice Supply & Use ......................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................. 15 U.S. Suga r Supply & Use ...................................................................................... 16 Mexico Sugar Supply and Use .............................................................................. 16 U.S. Cotton Supply & Use ..................................................................................... 17 World Wheat Supply & Use ................................................................................... 18 World Coarse Grains Supply & Use ...................................................................... 20 World Corn Supply & Use ...................................................................................... 22 World Rice Supply & Use ...................................................................................... 24 World Cotton Supply & Use ................................................................................... 26 World Soybean Supply & Use ............................................................................... 28 World Soybean Meal Supply & Use ....................................................................... 29 World Soybean Oil Supply & Use .......................................................................... 30 U.S. Quarterly Animal Product Production ............................................................ 31 U.S. Quarterly Prices for Animal Products ............................................................. 31 U.S. Meats Supply and Use ................................................................................... 32 U.S. Egg Supply & Use .......................................................................................... 33 U.S. Milk Supply and Use ...................................................................................... 33 U.S. Dairy Prices ................................................................................................... 34 Reliability Tables ................................................................................................... 35 Related USDA Reports .......................................................................................... 38 Metric Conversion Factors ..................................................................................... 38 Electronic Access and Subscriptions ...................................................................... 40 June 2021 WASDE - 613 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2019/20 2675.39 3488.00 449.18 2674.96 813.04 2020/21 (Est.) 2714.58 3527.62 479.60 2745.99 781.63 filler filler filler filler filler 2021/22 (Proj.) May 2790.36 3575.23 494.62 2791.38 783.85 2021/22 (Proj.) Jun 2797.65 3579.29 496.57 2795.87 783.42 filler filler filler filler filler Wheat 2019/20 763.49 1047.55 194.88 748.33 299.22 2020/21 (Est.) 775.82 1075.04 199.10 781.55 293.48 filler filler filler filler filler 2021/22 (Proj.) May 788.98 1083.65 202.42 788.68 294.96 2021/22 (Proj.) Jun 794.44 1087.92 203.22 791.12 296.80 filler filler filler filler filler Coarse Grains 5/ 2019/20 1414.13 1766.07 210.93 1430.14 335.94 2020/21 (Est.) 1433.77 1769.71 233.37 1457.89 311.82 filler filler filler filler filler 2021/22 (Proj.) May 1495.94 1810.22 245.73 1489.35 320.87 2021/22 (Proj.) Jun 1496.60 1808.42 246.38 1490.21 318.21 filler filler filler filler filler Rice, milled 2019/20 497.78 674.38 43.38 496.49 177.88 2020/21 (Est.) 504.99 682.88 47.13 506.55 176.33 filler filler filler filler filler 2021/22 (Proj.) May 505.45 681.37 46.47 513.35 168.02 2021/22 (Proj.) Jun 506.62 682.94 46.97 514.54 168.41 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2019/20 417.89 516.32 79.77 355.83 80.73 2020/21 (Est.) 431.48 518.74 110.20 353.19 55.36 filler filler filler filler filler 2021/22 (Proj.) May 453.58 520.70 98.71 358.64 63.35 2021/22 (Proj.) Jun 454.30 516.96 98.71 358.91 59.34 filler filler filler filler filler Wheat 2019/20 52.58 84.83 26.28 30.56 27.99 2020/21 (Est.) 49.69 80.53 26.81 30.55 23.18 filler filler filler filler filler 2021/22 (Proj.) May 50.95 78.07 24.49 32.52 21.05 2021/22 (Proj.) Jun 51.66 78.24 24.49 32.80 20.95 filler filler filler filler filler Coarse Grains 5/ 2019/20 359.43 423.01 50.51 320.68 51.83 2020/21 (Est.) 374.57 428.97 80.47 317.62 30.88 filler filler filler filler filler 2021/22 (Proj.) May 396.17 433.58 71.42 321.16 41.00 2021/22 (Proj.) Jun 396.17 429.73 71.42 321.16 37.15 filler filler filler filler filler Rice, milled 2019/20 5.88 8.49 2.99 4.59 0.91 2020/21 (Est.) 7.23 9.24 2.92 5.02 1.30 filler filler filler filler filler 2021/22 (Proj.) May 6.46 9.05 2.79 4.95 1.30 2021/22 (Proj.) Jun 6.46 8.99 2.79 4.95 1.24 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and mille d rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). June 2021 WASDE - 613 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2019/20 2,257.50 2,971.68 369.41 2,319.13 732.31 2020/21 (Est.) 2,283.10 3,008.87 369.40 2,392.80 726.28 filler filler filler filler filler 2021/22 (Proj.) May 2,336.78 3,054.53 395.92 2,432.74 720.50 2021/22 (Proj.) Jun 2,343.36 3,062.33 397.87 2,436.96 724.08 filler filler filler filler filler Wheat 2019/20 710.90 962.73 168.60 717.77 271.24 2020/21 (Est.) 726.12 994.50 172.30 751.00 270.31 filler filler filler filler filler 2021/22 (Proj.) May 738.03 1,005.57 177.93 756.16 273.91 2021/22 (Proj.) Jun 742.78 1,009.68 178.73 758.33 275.85 filler filler filler filler filler Coarse Grains 5/ 2019/20 1,054.69 1,343.06 160.42 1,109.46 284.11 2020/21 (Est.) 1,059.21 1,340.73 152.90 1,140.26 280.94 filler filler filler filler filler 2021/22 (Proj.) May 1,099.77 1,376.64 174.31 1,168.19 279.87 2021/22 (Proj.) Jun 1,100.43 1,378.69 174.96 1,169.05 281.06 filler filler filler filler filler Rice, milled 2019/20 491.91 665.89 40.39 491.91 176.97 2020/21 (Est.) 497.77 673.64 44.21 501.53 175.03 filler filler filler filler filler 2021/22 (Proj.) May 498.98 672.32 43.68 508.39 166.72 2021/22 (Proj.) Jun 500.15 673.96 44.18 509.58 167.17 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2019/20 121.42 201.44 41.45 102.85 97.92 2020/21 (Est.) 113.26 211.17 47.41 118.03 93.05 filler filler filler filler filler 2021/22 (Proj.) May 119.44 212.60 45.51 121.48 90.99 2021/22 (Proj.) Jun 118.87 211.92 46.59 122.54 89.30 filler filler filler filler filler United States 2019/20 19.91 24.77 15.53 2.15 7.25 2020/21 (Est.) 14.61 21.86 16.40 2.30 3.15 filler filler filler filler filler 2021/22 (Proj.) May 17.00 20.30 14.70 2.50 3.10 2021/22 (Proj.) Jun 17.00 20.15 14.80 2.50 2.90 filler filler filler filler filler Foreign 4/ 2019/20 101.50 176.67 25.92 100.70 90.67 2020/21 (Est.) 98.65 189.31 31.01 115.73 89.90 filler filler filler filler filler 2021/22 (Proj.) May 102.44 192.30 30.81 118.98 87.89 2021/22 (Proj.) Jun 101.87 191.77 31.79 120.04 86.40 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. June 2021 WASDE - 613 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2019/20 580.70 714.70 190.73 507.96 113.02 2020/21 (Est.) 600.51 713.53 197.85 514.34 101.54 filler filler filler filler filler 2021/22 (Proj.) May 632.23 732.44 199.41 531.42 104.64 2021/22 (Proj.) Jun 632.86 734.40 199.48 531.87 106.30 filler filler filler filler filler Oilmeals 2019/20 345.89 363.41 95.51 341.77 15.84 2020/21 (Est.) 353.48 369.32 95.36 349.16 14.91 filler filler filler filler filler 2021/22 (Proj.) May 364.24 379.09 97.82 358.49 15.29 2021/22 (Proj.) Jun 364.50 379.40 98.20 358.17 15.33 filler filler filler filler filler Vegetable Oils 2019/20 207.09 231.53 86.77 202.92 25.05 2020/21 (Est.) 207.67 232.71 86.96 207.13 22.75 filler filler filler filler filler 2021/22 (Proj.) May 215.99 239.00 90.60 213.18 22.35 2021/22 (Proj.) Jun 216.17 238.91 90.90 213.01 22.32 filler filler filler filler filler United States Output Tota l Supply Tra de Tota l Use 2/ Ending Stocks Oilseeds 2019/20 106.98 134.74 47.04 63.04 15.96 2020/21 (Est.) 122.35 139.94 63.21 63.68 5.25 filler filler filler filler filler 2021/22 (Proj.) May 130.29 136.89 57.70 65.11 5.36 2021/22 (Proj.) Jun 130.29 137.33 57.70 65.11 5.80 filler filler filler filler filler Oilmeals 2019/20 48.76 53.31 13.05 39.87 0.39 2020/21 (Est.) 49.29 53.88 13.17 40.27 0.44 filler filler filler filler filler 2021/22 (Proj.) May 50.19 54.57 13.22 40.87 0.48 2021/22 (Proj.) Jun 50.19 54.57 13.22 40.87 0.48 filler filler filler filler filler Vegetable Oils 2019/20 12.64 18.72 1.51 16.01 1.21 2020/21 (Est.) 12.96 18.85 1.09 16.55 1.20 filler filler filler filler filler 2021/22 (Proj.) May 13.22 19.41 0.85 17.49 1.06 2021/22 (Proj.) Jun 13.22 19.40 0.85 17.49 1.06 filler filler filler filler filler Foreign 3/ Output Tota l Supply Tra de Tota l Use 2/ Ending Stocks Oilseeds 2019/20 473.72 579.96 143.69 444.92 97.06 2020/21 (Est.) 478.15 573.59 134.64 450.66 96.29 filler filler filler filler filler 2021/22 (Proj.) May 501.94 595.55 141.70 466.31 99.28 2021/22 (Proj.) Jun 502.57 597.06 141.77 466.76 100.50 filler filler filler filler filler Oilmeals 2019/20 297.13 310.10 82.46 301.90 15.46 2020/21 (Est.) 304.18 315.44 82.19 308.89 14.47 filler filler filler filler filler 2021/22 (Proj.) May 314.05 324.52 84.59 317.62 14.81 2021/22 (Proj.) Jun 314.30 324.83 84.98 317.30 14.85 filler filler filler filler filler Vegetable Oils 2019/20 194.45 212.81 85.27 186.92 23.84 2020/21 (Est.) 194.71 213.87 85.87 190.57 21.54 filler filler filler filler filler 2021/22 (Proj.) May 202.77 219.59 89.75 195.69 21.29 2021/22 (Proj.) Jun 202.95 219.51 90.05 195.52 21.26 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. June 2021 WASDE - 613 - 11 U.S. Wheat Supply and Use 1/ 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. May Jun Million Acres Area Planted 45.5 44.3 46.4 * 46.4 * Area Harvested 37.4 36.7 37.4 * 37.4 * Bushels Yield per Harvested Acre 51.7 49.7 50.0 * 50.7 * Million Bushels Beginning Stocks 1,080 1,028 872 852 Production 1,932 1,826 1,872 1,898 Imports 105 105 125 125 Supply, Total 3,117 2,959 2,869 2,875 Food 962 960 963 963 Seed 60 63 62 62 Feed and Residual 101 100 170 180 Domestic, Total 1,123 1,123 1,195 1,205 Exports 965 985 900 900 Use, Total 2,089 2,108 2,095 2,105 Ending Stocks 1,028 852 774 770 Avg. Farm Price ($/bu) 2/ 4.58 5.05 6.50 6.50 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2020/21 (Est.) Beginning Stocks 506 280 105 95 42 1,028 Production 659 530 266 302 69 1,826 Supply, Total 3/ 1,169 859 377 404 150 2,959 Domestic Use 410 319 211 91 94 1,123 Exports 340 280 70 265 30 985 Use, Total 750 599 281 356 124 2,108 Ending Stocks, Total Jun 419 261 97 48 26 852 Ending Stocks, Total May 423 267 102 53 26 872 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. * Planted acres reported in the March 31, 2021, "Prospective Plantings." Harvested acres and yield for other spring wheat and Durum are projected using 10-year harvested -to-planted ratios by state and 1985- 2020 yield trends by state (except for Arizona and California Durum). For May, winter wheat harvested acres and yield reported in the May 12, 2021,"Crop Production." For June, winter wheat harvested acres and yield reported in the June 10, 2021,"Crop Production." ****************************************************************************** Wheat -by-class projections for 2021/22 will first be published in the July 12, 2021, WASDE. ****************************************************************************** June 2021 WASDE - 613 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. May Jun Million Acres Area Planted 100.6 102.3 103.2 * 103.2 * Area Harvested 89.1 90.7 92.6 * 92.6 * Metric Tons Yield per Harvested Acre 4.03 4.13 4.28 4.28 Million Metric Tons Beginning Stocks 60.5 51.8 34.7 30.9 Production 359.2 374.3 395.9 395.9 Imports 2.8 2.3 2.4 2.4 Supply, Total 422.4 428.4 433.0 429.2 Feed and Residual 154.3 148.3 148.1 148.1 Food, Seed & Industrial 165.9 168.8 172.5 172.5 Domestic, Total 320.1 317.1 320.6 320.6 Exports 50.5 80.5 71.4 71.4 Use, Total 370.6 397.5 392.0 392.0 Ending Stocks 51.8 30.9 41.0 37.1 CORN 2019/20 2020/21 Est. 2021/22 Pro j. 2021/22 Pro j. May June Million Acres Area Planted 89.7 90.8 91.1 * 91.1 * Area Harvested 81.3 82.5 83.5 * 83.5 * Bushels Yield per Harvested Acre 167.5 172.0 179.5 * 179.5 * Million Bushels Beginning Stocks 2,221 1,919 1,257 1,107 Production 13,620 14,182 14,990 14,990 Imports 42 25 25 25 Supply, Total 15,883 16,127 16,272 16,122 Feed and Residual 5,897 5,700 5,700 5,700 Food, Seed & Industrial 2/ 6,287 6,470 6,615 6,615 Ethanol & by -products 3/ 4,857 5,050 5,200 5,200 Domestic, Total 12,185 12,170 12,315 12,315 Exports 1,778 2,850 2,450 2,450 Use, Total 13,963 15,020 14,765 14,765 Ending Stocks 1,919 1,107 1,507 1,357 Avg. Farm Price ($/bu) 4/ 3.56 4.35 5.70 5.70 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data -products/feed-grains- database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Market ing- year weighted average price received by farmers. * Planted acres reported in the March 31, 2021, "Prospective Plantings." For corn, harvested acres projected based on historical abandonment and use for silage. The yield projection is based on a weat her-adjusted trend assuming normal mid-May planting progress and summer growing season weather, estimated using the 1988- 2020 time period, and includes a downward stochastic adjustment to account for the asymmetric response of yield to July precipitation. June 2021 WASDE - 613 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. May Jun Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 5.3 5.9 6.9 * 6.9 * Area Harvested (mil. acres) 4.7 5.1 6.2 * 6.2 * Yield (bushels/acre) 73.0 73.2 68.9 * 68.9 * Beginning Stocks 64 30 18 18 Production 341 373 427 427 Imports 0 0 0 0 Supply, Total 405 403 445 445 Feed and Residual 96 70 65 65 Food, Seed & Industrial 75 10 10 10 Total Domestic 171 80 75 75 Exports 204 305 350 350 Use, Total 375 385 425 425 Ending Stocks 30 18 20 20 Avg. Farm Price ($/bu) 2/ 3.34 5.15 6.10 6.10 Filler Filler Filler Filler Filler BARLEY 2019/20 2020/21 Est. 2021/22 Pro j. 2021/22 Pro j. May June Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.8 2.6 2.6 * 2.6 * Area Harvested (mil. acres) 2.2 2.1 2.1 * 2.1 * Yield (bushels/acre) 77.7 77.5 76.7 * 76.7 * Beginning Stocks 87 80 80 79 Production 172 165 161 161 Imports 7 7 7 7 Supply, Total 266 253 248 247 Feed and Residual 39 20 15 15 Food, Seed & Industrial 142 141 141 141 Total Domestic 180 161 156 156 Exports 6 13 12 12 Use, Total 186 174 168 168 Ending Stocks 80 79 80 79 Avg. Farm Price ($/bu) 2/ 4.69 4.75 5.95 5.95 Filler Filler Filler Filler Filler OATS 2019/20 2020/21 Est. 2021/22 Pro j. 2021/22 Pro j. May June Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.8 3.0 2.5 * 2.5 * Area Harvested (mil. acres) 0.8 1.0 0.8 * 0.8 * Yield (bushels/acre) 64.3 65.1 66.3 * 66.3 * Beginning Stocks 38 37 40 39 Production 53 65 53 53 Imports 92 89 95 95 Supply, Total 183 191 188 187 Feed and Residual 63 70 75 75 Food, Seed & Industrial 81 79 80 80 Total Domestic 144 149 155 155 Exports 2 3 2 2 Use, Total 146 152 157 157 Ending Stocks 37 39 31 30 Avg. Farm Price ($/bu) 2/ 2.82 2.75 3.60 3.60 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing- year weighted average price received by farmers. * Planted acres reported in the March 31, 2021, "Prospective Planti ngs." Harvested area for sorghum, barley and oats based on historical average harvested- to-planted ratios. For sorghum the projected yield is the median yield for 2001 -2020. For barley and oats, projected yields are based on the 1991 -2020 linear trends. Yields shown reflect production rounding. June 2021 WASDE - 613 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. May Jun Million Acres Area Planted 2.55 3.04 2.71 * 2.71 * Area Harvested 2.48 2.99 2.66 * 2.66 * Filler Pounds Yield per Harvested Acre 7,473 7,619 7,651 * 7,651 * Million Hundredweight Beginning Stocks 2/ 44.9 28.7 42.9 40.9 Production 185.1 227.6 203.6 203.6 Imports 37.3 34.7 38.5 38.5 Supply, Total 267.3 290.9 285.0 283.0 Domestic & Residual 3/ 144.4 158.0 156.0 156.0 Exports, Total 4/ 94.2 92.0 88.0 88.0 Rough 31.2 35.0 33.0 33.0 Milled (rough equiv.) 62.9 57.0 55.0 55.0 Use, Total 238.6 250.0 244.0 244.0 Ending Stocks 28.7 40.9 41.0 39.0 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 13.60 13.90 14.20 14.20 Tota l LONG -GRAIN RICE 2019/20 2020/21 Est. 2021/22 Pro j. 2021/22 Pro j. May June Harvested Acres (mil.) 1.73 2.30 Yield (pounds/acre) 7,261 7,422 Beginning Stocks 32.6 16.9 30.8 28.8 Imports 29.8 28.0 31.0 31.0 Production 125.6 170.9 152.3 152.3 Supply, Total 7/ 188.0 215.8 214.1 212.1 Domestic & Residual 3/ 106.4 123.0 121.0 121.0 Exports 8/ 64.6 64.0 61.0 61.0 Use, Total 171.1 187.0 182.0 182.0 Ending Stocks 16.9 28.8 32.1 30.1 Avg. Farm Price ($/cwt) 6/ 12.00 12.60 12.80 12.80 Filler Filler Filler Filler Filler MEDIUM & SHORT -GRAIN RICE 2019/20 2020/21 Est. 2021/22 Pro j. 2021/22 Pro j. May June Harvested Acres (mil.) 0.75 0.69 Yield (pounds/acre) 7,964 8,282 Beginning Stocks 10.2 10.7 11.1 11.1 Imports 7.6 6.7 7.5 7.5 Production 59.5 56.7 51.3 51.3 Supply, Total 7/ 78.3 74.1 69.9 69.9 Domestic & Residual 3/ 38.0 35.0 35.0 35.0 Exports 8/ 29.6 28.0 27.0 27.0 Use, Total 67.6 63.0 62.0 62.0 Ending Stocks 10.7 11.1 7.9 7.9 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 18.20 17.60 18.50 18.50 California 10/ 21.60 19.70 21.00 21.00 Other States 1/ 11.60 13.00 13.20 13.20 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2017/18- 1.4; 2018/19 -2.1; 2019/ 20-1.0. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing- year weighted average price received by farm ers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The California medium/short -grain season -average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the r ice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. 10/ Marketing year beginning October 1. * Planted acres reported in March 31, 2021, "Prospective Plantings. " Harvested acres are estimated using long run harvested -to-planted ratios by rice class. Projected yield is based on by class trend analysis. June 2021 WASDE - 613 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. May Jun Filler Filler Filler Filler Filler Million Acres Area Planted 76.1 83.1 87.6 * 87.6 * Area Harvested 74.9 82.3 86.7 * 86.7 * Filler Bushels Yield per Harvested Acre 47.4 50.2 50.8 * 50.8 * Million Bushels Beginning Stocks 909 525 120 135 Production 3,552 4,135 4,405 4,405 Imports 15 35 35 35 Supply, Total 4,476 4,695 4,560 4,575 Crushings 2,165 2,175 2,225 2,225 Exports 1,682 2,280 2,075 2,075 Seed 96 102 104 104 Residual 9 4 15 15 Use, Total 3,952 4,560 4,420 4,420 Ending Stocks 525 135 140 155 Avg. Farm Price ($/bu) 2/ 8.57 11.25 13.85 13.85 Tota l SOYBEAN OIL 2019/20 2020/21 Est. 2021/22 Pro j. 2021/22 Pro j. May June Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,775 1,853 1,818 1,808 Production 4/ 24,911 25,380 25,945 25,945 Imports 319 300 600 600 Supply, Total 27,006 27,533 28,363 28,353 Domestic Disappearance 22,314 23,825 25,400 25,400 Biofuel 3/ 8,658 9,500 12,000 12,000 Food, Feed & other Industrial 13,656 14,325 13,400 13,400 Exports 2,839 1,900 1,450 1,450 Use, Total 25,153 25,725 26,850 26,850 Ending stocks 1,853 1,808 1,513 1,503 Avg. Price (c/lb) 2/ 29.65 59.00 65.00 65.00 Tota l SOYBEAN MEAL 2019/20 2020/21 Est. 2021/22 Pro j. 2021/22 Pro j. May June Filler 1 2 3 4 Thousand Short Tons Beginning Stocks 402 341 400 400 Production 4/ 51,100 51,559 52,500 52,500 Imports 639 700 450 450 Supply, Total 52,142 52,600 53,350 53,350 Domestic Disappearance 37,723 37,950 38,600 38,600 Exports 14,077 14,250 14,300 14,300 Use, Total 51,800 52,200 52,900 52,900 Ending Stocks 341 400 450 450 Avg. Price ($/s.t.) 2/ 299.50 405.00 400.00 400.00 Tota l Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects soybean oil used for biofuels as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2, 175 million bushels for 2020/21 and 2,225 million bushels for 2021/22. *Planted acres are reported in the March 31, 2021 Prospective Plantings report . Harvested acres are based historical planted -to-harvested ratios. The projected yield is based on a weather -adjusted trend model and assumes normal weather. June 2021 WASDE - 613 - 16 U.S. Sugar Supply and Use 1/ 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. May Jun Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 1,783 1,618 1,805 1,755 Production 2/ 8,149 9,299 9,310 9,310 Beet Sugar 4,351 5,118 5,225 5,225 Cane Sugar 3,798 4,181 4,085 4,085 Florida 2,106 2,100 2,100 2,100 Louisiana 1,566 1,949 1,850 1,850 Texas 126 132 135 135 Imports 4,235 3,104 2,652 2,652 TRQ 3/ 2,152 1,673 1,387 1,387 Other Program 4/ 432 250 250 250 Other 5/ 1,651 1,181 1,015 1,015 Mexico 1,376 981 965 965 Total Supply 14,166 14,020 13,767 13,717 Exports 61 35 35 35 Deliveries 12,414 12,230 12,230 12,230 Food 12,316 12,125 12,125 12,125 Other 6/ 98 105 105 105 Miscellaneous 74 0 0 0 Total Use 12,549 12,265 12,265 12,265 Ending Stocks 1,618 1,755 1,502 1,452 Stocks to Use Ratio 12.9 14.3 12.2 11.8 Tota l 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2020/21 and 2021/22 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2020/21, WTO raw sugar TRQ shortfall (147) and for 2021/22 (99). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Imports from Mexico; and high- tier tariff sugar and syrups not otherwise specified -- for 2020/21 (200) and 2021/22 (50). 6/ Transfers accompanying deliveries for sugar- containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE - reported deliveries: 2019/20 -- 298; estimated 2020/21 -- 347; projected 2021/22 -- 358. Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2020/21 Est. May 858 5,825 105 4,378 1,499 910 2020/21 Est. Jun 858 5,700 105 4,378 1,374 910 2021/22 Proj. May 910 5,809 85 4,370 1,524 910 2021/22 Proj. Jun 910 5,809 85 4,370 1,524 910 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2019/20 = 1,388; Estimated 2020/21 = 1,325; Projected 2021/22 = 1,300. Estimated Oct -Apr 2020/21 = 764; Estimated Oct -Apr 2019/20 = 795. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2020/21 (415 est =350 dom.+65 import); 2021/22 (415 proj = 350 dom.+65 import). Statistical Adjustments: 2020/21 (0), 2021/22 (0). June 2021 WASDE - 613 - 17 U.S. Cotton Supply and Use 1/ 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. May Jun Filler Filler Filler Filler Filler Area Million Acres Planted 13.74 12.09 12.04 * 12.04 * Harvested 11.50 8.28 9.63 * 9.63 * Filler Pounds Yield per Harvested Acre 831 847 847 * 847 * Million 480 Pound Bales Beginning Stocks 4.85 7.25 3.30 3.15 Production 19.91 14.61 17.00 17.00 Imports 0.00 0.00 0.00 0.00 Supply, Total 24.77 21.86 20.30 20.15 Domestic Use 2.15 2.30 2.50 2.50 Exports, Total 15.53 16.40 14.70 14.80 Use, Total 17.68 18.70 17.20 17.30 Unaccounted 2/ -0.16 0.01 0.00 -0.05 Ending Stocks 7.25 3.15 3.10 2.90 Avg. Farm Price 3/ 59.6 67.0 75.0 75.0 Tota l Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. *Planted area as reported in March 31, 2021 Prospective Plantings. Harvested area based on 10 -year average abandonment by region, with the Southwest adjusted to reflect unfavorable moisture conditions. Yield based on 5 -year average yields by region. June 2021 WASDE - 613 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 284.07 763.49 187.86 139.27 748.33 194.88 299.22 World Less China 144.30 629.90 182.49 120.27 622.33 193.83 147.54 United States 29.39 52.58 2.86 2.75 30.56 26.28 27.99 Total Foreign 254.68 710.90 185.01 136.52 717.77 168.60 271.24 Major Exporters 4/ 37.35 308.45 7.55 73.41 180.21 142.53 30.61 Argentina 1.74 19.78 0.01 0.05 6.30 13.50 1.72 Australia 4.44 14.48 0.89 4.50 8.00 9.14 2.68 Canada 6.04 32.67 0.68 4.16 9.26 24.63 5.50 European Union 5/ 15.80 138.74 5.55 45.50 108.35 39.77 11.97 Russia 7.78 73.61 0.33 17.00 40.00 34.49 7.23 Ukraine 1.56 29.17 0.09 2.20 8.30 21.01 1.51 Major Importers 6/ 181.64 202.53 122.17 36.79 297.49 13.20 195.64 Bangladesh 1.26 1.20 6.80 0.30 7.40 0.00 1.86 Brazil 1.06 5.20 7.20 0.50 12.10 0.42 0.94 China 139.77 133.59 5.38 19.00 126.00 1.05 151.68 Japan 1.08 1.10 5.68 0.65 6.37 0.29 1.20 N. Africa 7/ 15.54 18.40 27.74 1.85 46.25 1.07 14.36 Nigeria 0.20 0.06 5.34 0.05 4.90 0.40 0.30 Sel. Mideast 8/ 12.06 22.20 17.71 3.60 38.47 0.78 12.71 Southeast Asia 9/ 5.90 0.00 26.45 7.64 25.05 1.13 6.16 Selected Other India 16.99 103.60 0.02 6.00 95.40 0.51 24.70 Kazakhstan 1.68 11.45 0.58 1.30 6.10 6.99 0.63 United Kingdom 1.91 15.60 1.74 7.84 14.99 1.62 2.64 2020/21 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 299.22 775.82 192.79 158.38 781.55 199.10 293.48 World Less China 147.54 641.57 182.29 118.38 631.55 198.30 147.85 United States 27.99 49.69 2.86 2.72 30.55 26.81 23.18 Total Foreign 271.24 726.12 189.93 155.66 751.00 172.30 270.31 Major Exporters 4/ 30.61 322.53 6.93 73.25 180.20 145.50 34.37 Argentina 1.72 17.63 0.01 0.05 6.35 10.50 2.51 Australia 2.68 33.00 0.20 5.00 8.50 22.00 5.38 Canada 5.50 35.18 0.55 4.70 9.90 27.50 3.83 European Union 5/ 11.97 125.94 5.60 42.00 104.35 30.00 9.17 Russia 7.23 85.35 0.45 19.00 42.50 38.50 12.03 Ukraine 1.51 25.42 0.13 2.50 8.60 17.00 1.45 Major Importers 6/ 195.64 202.74 124.30 57.36 323.46 12.72 186.51 Bangladesh 1.86 1.18 6.70 0.35 7.75 0.00 1.99 Brazil 0.94 6.25 6.60 0.50 12.20 0.95 0.64 China 151.68 134.25 10.50 40.00 150.00 0.80 145.63 Japan 1.20 0.99 5.60 0.70 6.40 0.29 1.10 N. Africa 7/ 14.36 16.60 29.00 1.75 46.95 1.00 12.01 Nigeria 0.30 0.06 5.50 0.05 4.95 0.50 0.40 Sel. Mideast 8/ 12.71 22.18 18.00 3.59 39.31 0.52 13.06 Southeast Asia 9/ 6.16 0.00 24.80 7.02 24.55 1.13 5.29 Selected Other India 24.70 107.86 0.03 6.50 103.09 2.40 27.10 Kazakhstan 0.63 14.26 0.50 1.40 6.30 7.50 1.59 United Kingdom 2.64 9.66 2.80 6.10 13.25 0.35 1.50 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Alge ria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. June 2021 WASDE - 613 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ May 294.67 788.98 199.04 158.68 788.68 202.42 294.96 Jun 293.48 794.44 199.46 160.73 791.12 203.22 296.80 World Less China May 149.24 652.98 189.04 123.68 640.68 201.42 152.53 Jun 147.85 658.44 189.46 125.73 643.12 202.22 154.17 United States May 23.72 50.95 3.40 4.63 32.52 24.49 21.05 Jun 23.18 51.66 3.40 4.90 32.80 24.49 20.95 Total Foreign May 270.95 738.03 195.63 154.06 756.16 177.93 273.91 Jun 270.31 742.78 196.06 155.83 758.33 178.73 275.85 Major Exporters 4/ May 34.64 327.50 7.50 74.55 181.65 150.00 37.99 Jun 34.37 332.50 7.30 76.05 183.15 150.50 40.52 Argentina May 2.51 20.50 0.00 0.05 6.45 13.50 3.06 Jun 2.51 20.50 0.00 0.05 6.45 13.50 3.06 Australia May 5.60 27.00 0.20 4.50 8.00 20.00 4.80 Jun 5.38 27.00 0.20 4.50 8.00 20.00 4.58 Canada May 3.83 32.00 0.70 4.00 9.20 23.50 3.83 Jun 3.83 32.00 0.70 4.00 9.20 23.50 3.83 European Union 5/ May 9.17 134.00 6.00 44.00 106.50 33.00 9.67 Jun 9.17 137.50 5.80 45.00 107.50 33.00 11.97 Russia May 12.08 85.00 0.50 19.00 42.50 40.00 15.08 Jun 12.03 86.00 0.50 19.50 43.00 40.00 15.53 Ukraine May 1.45 29.00 0.10 3.00 9.00 20.00 1.55 Jun 1.45 29.50 0.10 3.00 9.00 20.50 1.55 Major Importers 6/ May 186.47 206.76 128.41 52.67 323.71 13.10 184.83 Jun 186.51 206.36 129.11 52.97 324.06 13.10 184.82 Bangladesh May 1.94 1.13 6.80 0.30 7.90 0.00 1.97 Jun 1.99 1.13 7.00 0.40 8.10 0.00 2.02 Brazil May 0.64 6.80 6.80 0.50 12.30 1.00 0.94 Jun 0.64 6.80 7.00 0.70 12.50 1.00 0.94 China May 145.43 136.00 10.00 35.00 148.00 1.00 142.43 Jun 145.63 136.00 10.00 35.00 148.00 1.00 142.63 Japan May 1.10 0.96 5.80 0.70 6.40 0.30 1.16 Jun 1.10 0.96 5.80 0.70 6.40 0.30 1.16 N. Africa 7/ May 12.22 21.00 29.10 1.75 47.55 1.01 13.77 Jun 12.01 20.85 29.15 1.75 47.50 1.01 13.51 Nigeria May 0.40 0.06 5.20 0.05 4.85 0.40 0.41 Jun 0.40 0.06 5.20 0.05 4.85 0.40 0.41 Sel. Mideast 8/ May 13.06 20.49 19.41 3.67 39.61 0.74 12.61 Jun 13.06 20.49 19.41 3.67 39.61 0.74 12.61 Southeast Asia 9/ May 5.29 0.00 26.30 7.00 24.95 1.11 5.53 Jun 5.29 0.00 26.30 7.00 24.95 1.11 5.53 Selected Other India May 27.20 108.00 0.03 7.00 105.00 2.20 28.03 Jun 27.10 108.00 0.03 7.00 105.00 2.50 27.63 Kazakhstan May 1.59 14.00 0.50 1.50 6.40 8.00 1.69 Jun 1.59 14.00 0.50 1.50 6.40 8.00 1.69 United Kingdom May 1.50 14.10 2.40 7.70 15.90 0.55 1.55 Jun 1.50 14.10 2.40 7.70 15.90 0.55 1.55 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. June 2021 WASDE - 613 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 351.94 1,414.13 204.91 882.69 1,430.14 210.93 335.94 World Less China 141.55 1,145.92 187.41 681.87 1,135.07 210.89 134.95 United States 60.47 359.43 3.11 154.45 320.68 50.51 51.83 Total Foreign 291.47 1,054.69 201.80 728.24 1,109.46 160.42 284.11 Major Exporters 4/ 19.62 307.80 4.58 134.27 179.18 128.59 24.23 Argentina 3.62 58.13 0.02 12.12 17.78 39.32 4.68 Australia 2.43 11.84 0.01 5.55 7.52 3.87 2.89 Brazil 5.67 105.82 2.31 61.71 72.84 35.23 5.72 Canada 3.29 28.61 1.92 17.23 24.93 4.91 3.98 Russia 1.22 40.50 0.18 22.29 31.39 8.63 1.87 Ukraine 2.04 46.55 0.03 8.89 11.89 34.08 2.65 Major Importers 5/ 37.34 248.22 142.37 292.89 374.97 16.03 36.93 European Union 6/ 14.51 152.73 19.42 119.65 158.63 13.65 14.38 Japan 1.75 0.23 17.63 13.91 17.87 0.00 1.74 Mexico 5.78 32.10 17.60 30.83 50.31 1.03 4.14 N. Afr & Mideast 7/ 7.39 33.22 41.65 64.93 73.40 0.74 8.12 Saudi Arabia 1.70 0.20 11.22 11.05 11.40 0.00 1.72 Southeast Asia 8/ 3.38 29.40 18.20 38.50 46.55 0.61 3.82 South Korea 1.86 0.28 11.98 9.55 12.09 0.00 2.02 Selected Other China 210.40 268.20 17.50 200.82 295.07 0.04 200.98 2020/21 Est. Beginning Stocks Production Imports Domes tic Feed Domes tic Total 2/ Exports Ending Stocks World 3/ 335.94 1,433.77 228.57 906.88 1,457.89 233.37 311.82 World Less China 134.95 1,165.73 184.92 685.68 1,144.31 233.30 112.79 United States 51.83 374.57 2.58 148.46 317.62 80.47 30.88 Total Foreign 284.11 1,059.21 225.99 758.43 1,140.26 152.90 280.94 Major Exporters 4/ 24.23 302.88 6.26 138.43 183.99 124.63 24.75 Argentina 4.68 55.49 0.01 13.01 18.78 38.01 3.39 Australia 2.89 16.46 0.00 6.61 8.68 6.90 3.77 Brazil 5.72 102.46 4.20 62.52 73.66 33.03 5.71 Canada 3.98 29.64 1.91 16.59 24.07 7.46 4.01 Russia 1.87 41.40 0.07 22.67 32.24 8.65 2.45 Ukraine 2.65 39.59 0.03 9.95 13.11 27.38 1.77 Major Importers 5/ 36.93 249.68 136.41 292.44 374.40 13.38 35.24 European Union 6/ 14.38 153.13 13.50 117.65 156.65 10.90 13.46 Japan 1.74 0.23 16.97 13.37 17.25 0.00 1.69 Mexico 4.14 31.86 17.04 29.66 49.05 0.93 3.06 N. Afr & Mideast 7/ 8.12 33.57 39.65 64.59 72.91 0.69 7.75 Saudi Arabia 1.72 0.19 11.21 11.15 11.51 0.00 1.62 Southeast Asia 8/ 3.82 30.40 21.95 42.35 50.60 0.86 4.71 South Korea 2.02 0.22 11.61 9.15 11.66 0.00 2.19 Selected Other China 200.98 268.05 43.65 221.20 313.58 0.07 199.03 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some coun tries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, an d Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indone sia, Malaysia, Philippines, Thailand, and Vietnam. June 2021 WASDE - 613 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ May 314.28 1,495.94 236.47 925.66 1,489.35 245.73 320.87 Jun 311.82 1,496.60 237.04 926.30 1,490.21 246.38 318.21 World Less China May 115.25 1,220.51 190.17 696.61 1,167.50 245.68 122.02 Jun 112.79 1,221.17 190.14 696.85 1,167.96 246.33 119.16 United States May 34.73 396.17 2.68 148.30 321.16 71.42 41.00 Jun 30.88 396.17 2.68 148.30 321.16 71.42 37.15 Total Foreign May 279.56 1,099.77 233.79 777.36 1,168.19 174.31 279.87 Jun 280.94 1,100.43 234.36 778.00 1,169.05 174.96 281.06 Major Exporters 4/ May 23.96 334.24 4.66 141.78 188.79 146.52 27.56 Jun 24.75 334.34 4.66 142.48 189.48 146.62 27.65 Argentina May 3.39 60.78 0.01 13.08 18.85 41.51 3.82 Jun 3.39 60.78 0.01 13.08 18.85 41.51 3.82 Australia May 3.14 13.45 0.00 6.06 8.12 5.88 2.59 Jun 3.77 13.45 0.00 6.76 8.82 5.88 2.53 Brazil May 5.71 122.02 2.40 65.59 77.73 43.03 9.38 Jun 5.71 122.02 2.40 65.59 77.73 43.03 9.38 Canada May 4.31 30.87 2.11 17.86 25.36 7.80 4.13 Jun 4.01 30.87 2.11 17.86 25.36 7.80 3.83 Russia May 2.45 41.55 0.08 22.95 32.65 9.45 1.97 Jun 2.45 41.55 0.08 22.95 32.65 9.45 1.97 Ukraine May 1.77 47.86 0.03 8.85 12.01 35.65 2.00 Jun 1.77 47.96 0.03 8.85 12.01 35.75 2.00 Major Importers 5/ May 35.25 250.08 143.45 298.73 381.50 13.61 33.67 Jun 35.24 249.93 143.42 298.01 380.77 14.11 33.71 European Union 6/ May 13.44 153.90 17.42 120.30 159.43 11.45 13.89 Jun 13.46 154.60 17.42 120.30 159.43 11.95 14.11 Japan May 1.69 0.20 17.54 13.88 17.82 0.00 1.61 Jun 1.69 0.20 17.54 13.88 17.82 0.00 1.61 Mexico May 3.09 33.75 17.60 30.49 49.99 0.90 3.55 Jun 3.06 33.75 17.60 30.49 49.99 0.90 3.52 N. Afr & Mideast 7/ May 7.75 31.82 42.54 66.29 74.97 0.42 6.72 Jun 7.75 30.97 42.51 65.57 74.24 0.42 6.57 Saudi Arabia May 1.62 0.20 11.51 11.36 11.71 0.00 1.62 Jun 1.62 0.20 11.51 11.36 11.71 0.00 1.62 Southeast Asia 8/ May 4.71 29.91 20.55 42.45 50.85 0.85 3.48 Jun 4.71 29.91 20.55 42.45 50.85 0.85 3.48 South Korea May 2.19 0.22 11.81 9.55 12.06 0.00 2.17 Jun 2.19 0.22 11.81 9.55 12.06 0.00 2.17 Selected Other China May 199.03 275.43 46.30 229.05 321.85 0.05 198.85 Jun 199.03 275.43 46.90 229.45 322.25 0.05 199.05 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit , and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Afr ica and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade ex cludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. June 2021 WASDE - 613 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 322.56 1,117.50 167.59 715.68 1,134.61 172.46 305.45 World Less China 112.40 856.72 160.00 522.68 856.61 172.44 104.93 United States 56.41 345.96 1.06 149.80 309.51 45.17 48.76 Total Foreign 266.15 771.54 166.53 565.87 825.10 127.28 256.69 Major Exporters 4/ 9.97 219.01 1.73 88.40 110.40 107.03 13.27 Argentina 2.37 51.00 0.00 9.50 13.50 36.25 3.62 Brazil 5.31 102.00 1.65 58.50 68.50 35.23 5.23 Russia 0.38 14.28 0.05 8.80 9.80 4.07 0.83 South Africa 1.02 15.84 0.00 6.40 12.20 2.55 2.12 Ukraine 0.89 35.89 0.03 5.20 6.40 28.93 1.48 Major Importers 5/ 22.24 129.30 93.95 163.05 217.45 7.04 21.01 Egypt 1.81 6.40 10.43 14.40 16.90 0.01 1.73 European Union 6/ 7.64 66.74 17.38 59.00 78.80 5.39 7.58 Japan 1.45 0.00 15.89 12.40 15.95 0.00 1.39 Mexico 5.16 26.66 16.53 25.60 43.80 1.03 3.52 Southeast Asia 7/ 3.37 29.35 17.26 37.70 45.55 0.61 3.81 South Korea 1.84 0.08 11.88 9.50 11.80 0.00 2.00 Selected Other 0.00 Canada 1.98 13.40 1.84 8.64 13.96 0.71 2.56 China 210.16 260.78 7.60 193.00 278.00 0.01 200.53 2020/21 Est. Beginning Stocks Production Imports Domes tic Feed Domes tic Total 2 / Exports Ending Stocks World 3/ 305.45 1,125.03 184.01 728.77 1,149.88 187.04 280.60 World Less China 104.93 864.36 158.01 522.77 860.88 187.02 82.42 United States 48.76 360.25 0.64 144.79 309.13 72.39 28.12 Total Foreign 256.69 764.78 183.37 583.98 840.75 114.64 252.48 Major Exporters 4/ 13.27 206.67 3.56 92.80 114.90 96.30 12.30 Argentina 3.62 47.00 0.01 10.50 14.50 34.00 2.12 Brazil 5.23 98.50 3.50 59.00 69.00 33.00 5.23 Russia 0.83 13.87 0.04 9.60 10.70 3.10 0.94 South Africa 2.12 17.00 0.00 7.00 12.80 3.20 3.12 Ukraine 1.48 30.30 0.02 6.70 7.90 23.00 0.89 Major Importers 5/ 21.01 127.88 90.60 159.70 214.30 5.07 20.12 Egypt 1.73 6.40 10.30 14.40 16.90 0.01 1.52 European Union 6/ 7.58 63.98 12.00 53.50 73.30 3.30 6.95 Japan 1.39 0.00 15.40 11.90 15.40 0.00 1.39 Mexico 3.52 27.00 16.50 25.30 43.50 0.90 2.62 Southeast Asia 7/ 3.81 30.35 20.50 41.00 49.10 0.86 4.70 South Korea 2.00 0.08 11.50 9.10 11.40 0.00 2.18 Selected Other 0.00 Canada 2.56 13.56 1.70 8.80 14.00 1.50 2.32 China 200.53 260.67 26.00 206.00 289.00 0.02 198.18 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. June 2021 WASDE - 613 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ May 283.53 1,189.85 189.51 748.32 1,181.08 197.47 292.30 Jun 280.60 1,189.85 189.51 748.27 1,181.04 197.47 289.41 World Less China May 85.36 921.85 163.51 537.32 887.08 197.45 94.15 Jun 82.42 921.85 163.51 537.27 887.04 197.45 91.26 United States May 31.93 380.76 0.64 144.79 312.82 62.23 38.28 Jun 28.12 380.76 0.64 144.79 312.82 62.23 34.47 Total Foreign May 251.60 809.09 188.87 603.53 868.27 135.24 254.02 Jun 252.48 809.09 188.87 603.49 868.22 135.24 254.95 Major Exporters 4/ May 11.85 238.40 1.77 95.30 118.70 116.80 16.52 Jun 12.30 238.40 1.77 95.30 118.70 116.80 16.97 Argentina May 2.12 51.00 0.01 10.50 14.50 36.00 2.63 Jun 2.12 51.00 0.01 10.50 14.50 36.00 2.63 Brazil May 5.23 118.00 1.70 62.00 73.00 43.00 8.93 Jun 5.23 118.00 1.70 62.00 73.00 43.00 8.93 Russia May 0.94 14.90 0.05 9.90 11.10 4.10 0.69 Jun 0.94 14.90 0.05 9.90 11.10 4.10 0.69 South Africa May 2.66 17.00 0.00 7.30 13.30 3.20 3.16 Jun 3.12 17.00 0.00 7.30 13.30 3.20 3.62 Ukraine May 0.89 37.50 0.02 5.60 6.80 30.50 1.11 Jun 0.89 37.50 0.02 5.60 6.80 30.50 1.11 Major Importers 5/ May 20.12 131.12 94.90 165.80 220.70 6.05 19.39 Jun 20.12 131.12 94.90 165.80 220.70 6.05 19.39 Egypt May 1.52 6.40 10.40 14.40 16.90 0.01 1.42 Jun 1.52 6.40 10.40 14.40 16.90 0.01 1.42 European Union 6/ May 6.95 66.70 16.00 58.00 77.90 4.30 7.45 Jun 6.95 66.70 16.00 58.00 77.90 4.30 7.45 Japan May 1.39 0.00 15.90 12.40 15.95 0.00 1.34 Jun 1.39 0.00 15.90 12.40 15.95 0.00 1.34 Mexico May 2.62 28.00 17.00 25.60 43.80 0.90 2.92 Jun 2.62 28.00 17.00 25.60 43.80 0.90 2.92 Southeast Asia 7/ May 4.70 29.86 19.50 41.50 49.75 0.85 3.47 Jun 4.70 29.86 19.50 41.50 49.75 0.85 3.47 South Korea May 2.18 0.08 11.70 9.50 11.80 0.00 2.15 Jun 2.18 0.08 11.70 9.50 11.80 0.00 2.15 Selected Other Canada May 2.62 13.30 2.00 9.30 14.50 1.00 2.42 Jun 2.32 13.30 2.00 9.30 14.50 1.00 2.12 China May 198.18 268.00 26.00 211.00 294.00 0.02 198.16 Jun 198.18 268.00 26.00 211.00 294.00 0.02 198.16 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. June 2021 WASDE - 613 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 176.59 497.78 42.30 496.49 43.38 177.88 World Less China 61.59 351.05 39.70 351.26 40.78 61.38 United States 1.42 5.88 1.19 4.59 2.99 0.91 Total Foreign 175.17 491.91 41.12 491.91 40.39 176.97 Major Exporters 4/ 36.67 183.69 0.65 153.33 30.48 37.20 Burma 1.06 12.65 0.00 10.40 2.30 1.01 India 29.50 118.87 0.00 105.98 12.49 29.90 Pakistan 0.93 7.41 0.00 3.40 3.82 1.13 Thailand 4.08 17.66 0.25 12.30 5.71 3.98 Vietnam 1.10 27.10 0.40 21.25 6.17 1.18 Major Importers 5/ 127.82 239.80 13.97 249.65 3.18 128.75 China 115.00 146.73 2.60 145.23 2.60 116.50 European Union 6/ 1.19 1.99 2.00 3.39 0.53 1.26 Indonesia 4.06 34.70 0.55 36.00 0.00 3.31 Nigeria 1.22 5.04 1.40 6.85 0.00 0.81 Philippines 3.52 11.93 2.45 14.30 0.00 3.60 Sel. Mideast 7/ 0.89 2.34 3.97 5.98 0.00 1.22 Selected Other 0.00 Brazil 0.25 7.60 0.87 7.30 1.22 0.21 C. Amer & Carib 8/ 0.58 1.63 1.86 3.39 0.04 0.65 Egypt 0.95 4.30 0.30 4.30 0.02 1.23 Japan 2.05 7.61 0.71 8.35 0.03 1.98 Mexico 0.15 0.18 0.80 0.94 0.02 0.18 South Korea 1.09 3.74 0.45 4.10 0.06 1.14 2020/21 Est. Beginning Stocks Production Imports Total /2 Domes tic Exports Ending Stocks World 3/ 177.88 504.99 44.22 506.55 47.13 176.33 World Less China 61.38 356.69 40.82 356.35 44.73 60.73 United States 0.91 7.23 1.10 5.02 2.92 1.30 Total Foreign 176.97 497.77 43.12 501.53 44.21 175.03 Major Exporters 4/ 37.20 188.71 0.70 155.05 35.20 36.36 Burma 1.01 12.60 0.00 10.55 1.90 1.16 India 29.90 122.00 0.00 107.00 17.00 27.90 Pakistan 1.13 8.18 0.00 3.55 4.20 1.56 Thailand 3.98 18.83 0.20 12.70 5.80 4.51 Vietnam 1.18 27.10 0.50 21.25 6.30 1.23 Major Importers 5/ 128.75 240.62 15.85 254.95 2.92 127.35 China 116.50 148.30 3.40 150.20 2.40 115.60 European Union 6/ 1.26 1.96 1.95 3.45 0.50 1.22 Indonesia 3.31 35.20 0.70 35.80 0.00 3.41 Nigeria 0.81 4.89 1.80 6.85 0.00 0.65 Philippines 3.60 12.40 2.10 14.45 0.00 3.65 Sel. Mideast 7/ 1.22 2.31 3.60 6.10 0.00 1.02 Selected Other 0.00 Brazil 0.21 7.90 0.70 7.40 0.98 0.42 C. Amer & Carib 8/ 0.65 1.61 1.92 3.48 0.03 0.66 Egypt 1.23 4.00 0.25 4.30 0.02 1.16 Japan 1.98 7.57 0.69 8.25 0.08 1.90 Mexico 0.18 0.21 0.80 0.96 0.01 0.22 South Korea 1.14 3.51 0.45 4.00 0.06 1.04 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. June 2021 WASDE - 613 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ May 175.92 505.45 44.24 513.35 46.47 168.02 Jun 176.33 506.62 44.69 514.54 46.97 168.41 World Less China May 60.52 356.45 41.54 357.35 44.07 59.32 Jun 60.73 357.62 41.79 358.54 44.57 59.31 United States May 1.36 6.46 1.22 4.95 2.79 1.30 Jun 1.30 6.46 1.22 4.95 2.79 1.24 Total Foreign May 174.56 498.98 43.02 508.40 43.68 166.72 Jun 175.03 500.15 43.47 509.59 44.18 167.17 Major Exporters 4/ May 36.48 187.40 0.70 155.45 34.20 34.94 Jun 36.36 188.40 0.70 156.45 34.70 34.32 Burma May 1.11 12.80 0.00 10.65 2.10 1.17 Jun 1.16 12.80 0.00 10.65 2.10 1.22 India May 28.40 120.00 0.00 107.00 15.00 26.40 Jun 27.90 121.00 0.00 108.00 15.50 25.40 Pakistan May 1.43 8.20 0.00 3.70 4.30 1.63 Jun 1.56 8.20 0.00 3.70 4.30 1.76 Thailand May 4.41 19.50 0.20 12.90 6.50 4.71 Jun 4.51 19.50 0.20 12.90 6.50 4.81 Vietnam May 1.13 26.90 0.50 21.20 6.30 1.03 Jun 1.23 26.90 0.50 21.20 6.30 1.13 Major Importers 5/ May 126.80 242.37 15.20 261.12 2.97 120.27 Jun 127.35 242.37 15.50 261.06 2.97 121.18 China May 115.40 149.00 2.70 156.00 2.40 108.70 Jun 115.60 149.00 2.90 156.00 2.40 109.10 European Union 6/ May 1.22 1.99 2.10 3.50 0.55 1.26 Jun 1.22 1.99 2.10 3.50 0.55 1.26 Indonesia May 3.41 35.30 0.60 35.60 0.00 3.71 Jun 3.41 35.30 0.60 35.60 0.00 3.71 Nigeria May 0.65 5.00 2.00 6.95 0.00 0.70 Jun 0.65 5.00 2.00 6.95 0.00 0.70 Philippines May 3.60 12.30 2.10 14.50 0.00 3.50 Jun 3.65 12.30 2.10 14.50 0.00 3.55 Sel. Mideast 7/ May 1.02 2.25 3.85 6.17 0.00 0.95 Jun 1.02 2.25 3.85 6.11 0.00 1.01 Selected Other Brazil May 0.40 7.65 0.70 7.40 0.90 0.45 Jun 0.42 7.82 0.70 7.45 1.00 0.49 C. Amer & Carib 8/ May 0.65 1.67 1.93 3.51 0.02 0.71 Jun 0.66 1.67 1.93 3.51 0.02 0.72 Egypt May 1.16 4.00 0.20 4.35 0.02 0.99 Jun 1.16 4.00 0.20 4.35 0.02 0.99 Japan May 1.90 7.58 0.69 8.20 0.07 1.90 Jun 1.90 7.58 0.69 8.20 0.07 1.90 Mexico May 0.21 0.22 0.80 0.97 0.01 0.25 Jun 0.22 0.22 0.80 0.97 0.01 0.26 South Korea May 1.04 3.77 0.41 3.90 0.06 1.26 Jun 1.04 3.77 0.41 3.90 0.06 1.26 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. June 2021 WASDE - 613 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2019/20 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 80.02 121.42 40.74 102.85 41.45 -0.04 97.92 World Less China 44.35 94.17 33.60 69.85 41.29 -0.04 61.02 United States 4.85 19.91 3/ 2.15 15.53 -0.16 7.25 Total Foreign 75.17 101.50 40.73 100.70 25.92 0.13 90.67 Major Exporters 4/ 28.33 57.83 2.92 28.19 21.43 0.02 39.43 Central Asia 5/ 2.28 5.96 3/ 3.93 1.78 0.00 2.53 Afr. Fr. Zone 6/ 1.41 5.91 3/ 0.14 4.89 0.00 2.29 S. Hemis. 7/ 15.32 16.71 0.14 3.56 11.31 0.01 17.28 Australia 1.57 0.63 3/ 0.04 1.36 0.00 0.80 Brazil 12.26 13.78 0.01 2.70 8.94 0.00 14.40 India 9.00 28.80 2.28 20.00 3.20 0.00 16.88 Major Importers 8/ 44.87 40.62 35.44 68.86 3.18 0.11 48.79 Mexico 0.69 1.57 0.59 1.48 0.66 0.03 0.69 China 35.67 27.25 7.14 33.00 0.16 0.00 36.90 European Union 9/ 0.22 2.00 0.58 0.60 1.82 0.03 0.34 Turkey 1.69 3.45 4.67 6.60 0.45 0.00 2.77 Pakistan 2.50 6.20 3.98 9.20 0.06 0.03 3.39 Indonesia 0.53 3/ 2.51 2.40 0.00 0.00 0.64 Thailand 0.20 3/ 0.70 0.78 0.00 0.02 0.10 Bangladesh 1.78 0.14 7.50 6.90 0.00 0.01 2.52 Vietnam 1.23 3/ 6.48 6.60 0.00 0.00 1.11 2020/21 Est. Beginning Stocks Production Imports Domes tic Use Exports Los s /2 Ending Stocks World 97.92 113.26 47.47 118.03 47.41 0.14 93.05 World Less China 61.02 83.76 34.97 78.03 47.39 0.14 54.18 United States 7.25 14.61 3/ 2.30 16.40 0.01 3.15 Total Foreign 90.67 98.65 47.46 115.73 31.01 0.13 89.90 Major Exporters 4/ 39.43 55.78 1.56 32.33 26.87 0.02 37.54 Central Asia 5/ 2.53 5.75 3/ 4.17 1.78 0.00 2.34 Afr. Fr. Zone 6/ 2.29 4.87 3/ 0.14 4.97 0.00 2.04 S. Hemis. 7/ 17.28 16.31 0.16 3.91 13.65 0.01 16.18 Australia 0.80 2.80 3/ 0.04 1.40 0.00 2.17 Brazil 14.40 11.25 0.03 3.00 11.00 0.00 11.68 India 16.88 28.50 0.80 23.50 5.90 0.00 16.78 Major Importers 8/ 48.79 39.75 43.59 79.62 2.70 0.11 49.70 Mexico 0.69 1.02 0.85 1.70 0.43 0.03 0.41 China 36.90 29.50 12.50 40.00 0.03 0.00 38.87 European Union 9/ 0.34 1.68 0.57 0.62 1.71 0.03 0.23 Turkey 2.77 2.90 5.10 7.70 0.48 0.00 2.59 Pakistan 3.39 4.50 5.30 10.30 0.03 0.03 2.84 Indonesia 0.64 3/ 2.25 2.40 0.00 0.00 0.49 Thailand 0.10 3/ 0.55 0.53 0.00 0.03 0.10 Bangladesh 2.52 0.15 8.25 8.10 0.00 0.01 2.80 Vietnam 1.11 3/ 7.20 7.20 0.00 0.00 1.11 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. June 2021 WASDE - 613 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2021/22 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World May 93.16 119.44 45.51 121.48 45.51 0.13 90.99 Jun 93.05 118.87 46.59 122.54 46.59 0.08 89.30 World Less China May 54.56 91.94 35.01 81.48 45.46 0.13 54.44 Jun 54.18 92.12 35.59 81.54 46.54 0.08 53.73 United States May 3.30 17.00 3/ 2.50 14.70 0.00 3.10 Jun 3.15 17.00 3/ 2.50 14.80 -0.05 2.90 filler filler filler filler filler filler filler Total Foreign May 89.86 102.44 45.51 118.98 30.81 0.13 87.89 Jun 89.90 101.87 46.59 120.04 31.79 0.13 86.40 Major Exporters 4/ May 38.26 60.12 1.74 34.57 26.74 0.02 38.78 Jun 37.54 60.30 1.74 34.11 27.61 0.02 37.83 Central Asia 5/ May 2.39 5.63 3/ 4.27 1.49 0.00 2.26 Jun 2.34 5.63 3/ 4.28 1.49 0.00 2.20 Afr. Fr. Zone 6/ May 2.07 5.85 3/ 0.14 5.50 0.00 2.27 Jun 2.04 5.87 3/ 0.14 5.80 0.00 1.97 S. Hemis. 7/ May 16.43 19.27 0.16 4.05 13.38 0.01 18.42 Jun 16.18 19.40 0.16 4.08 13.95 0.01 17.70 Australia May 1.87 3.90 3/ 0.04 3.20 0.00 2.53 Jun 2.17 3.90 3/ 0.04 3.40 0.00 2.63 filler filler filler filler filler filler filler Brazil May 12.23 13.25 0.03 3.10 9.00 0.00 13.40 Jun 11.68 13.25 0.03 3.10 9.25 0.00 12.60 India May 17.18 29.00 1.00 25.50 6.00 0.00 15.68 Jun 16.78 29.00 1.00 25.00 6.00 0.00 15.78 Major Importers 8/ May 48.94 39.20 41.30 80.44 2.46 0.11 46.43 Jun 49.70 38.45 42.43 82.04 2.52 0.11 45.90 Mexico May 0.41 1.05 0.90 1.70 0.25 0.03 0.39 Jun 0.41 1.05 0.90 1.70 0.25 0.03 0.39 China May 38.60 27.50 10.50 40.00 0.05 0.00 36.55 Jun 38.87 26.75 11.00 41.00 0.05 0.00 35.57 European Union 9/ May 0.29 1.80 0.60 0.64 1.70 0.03 0.31 Jun 0.23 1.80 0.60 0.64 1.71 0.03 0.26 Turkey May 2.52 3.40 5.00 8.00 0.40 0.00 2.52 Jun 2.59 3.40 5.20 8.20 0.45 0.00 2.54 Pakistan May 2.84 5.30 5.00 10.50 0.05 0.03 2.57 Jun 2.84 5.30 5.00 10.50 0.05 0.03 2.57 Indonesia May 0.49 3/ 2.50 2.50 0.01 0.00 0.49 Jun 0.49 3/ 2.50 2.50 0.01 0.00 0.49 Thailand May 0.10 3/ 0.55 0.55 0.00 0.03 0.08 Jun 0.10 3/ 0.58 0.55 0.00 0.03 0.11 Bangladesh May 2.35 0.15 7.60 8.00 0.00 0.01 2.09 Jun 2.80 0.15 8.00 8.40 0.00 0.01 2.54 Vietnam May 1.11 3/ 7.60 7.50 0.00 0.00 1.22 Jun 1.11 3/ 7.60 7.50 0.00 0.00 1.22 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. June 2021 WASDE - 613 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 114.58 339.42 165.02 311.50 357.36 165.14 96.52 World Less China 95.13 321.32 66.49 220.00 248.16 165.05 69.72 United States 24.74 96.67 0.42 58.91 61.77 45.78 14.28 Total Foreign 89.84 242.75 164.60 252.59 295.59 119.36 82.24 Major Exporters 3/ 62.44 189.39 5.45 88.35 98.40 110.68 48.20 Argentina 28.89 48.80 4.88 38.77 45.87 10.00 26.70 Brazil 32.47 128.50 0.55 46.00 48.65 92.14 20.74 Paraguay 1.06 10.10 0.01 3.50 3.80 6.62 0.75 Major Importers 4/ 22.07 21.76 131.92 120.06 145.96 0.34 29.45 China 19.46 18.10 98.53 91.50 109.20 0.09 26.80 European Union 1.52 2.62 14.95 15.60 17.32 0.23 1.54 Southeast Asia 0.74 0.60 9.36 4.50 9.85 0.02 0.83 Mexico 0.18 0.24 5.75 6.00 6.05 0.00 0.11 2020/21 Est. Beginning Stocks Production Imports Domes tic C rus h Domes tic Tota l Exports Ending Stocks World 2/ 96.52 364.07 167.81 322.06 368.99 171.41 88.00 World Less China 69.72 344.47 67.81 226.06 254.49 171.31 56.20 United States 14.28 112.55 0.95 59.19 62.06 62.05 3.66 Total Foreign 82.24 251.52 166.86 262.87 306.92 109.36 84.34 Major Exporters 3/ 48.20 196.03 5.42 91.63 101.78 101.01 46.85 Argentina 26.70 47.00 4.70 41.50 48.70 6.35 23.35 Brazil 20.74 137.00 0.70 46.75 49.40 86.00 23.04 Paraguay 0.75 9.90 0.01 3.30 3.60 6.60 0.46 Major Importers 4/ 29.45 23.23 133.87 125.56 152.31 0.35 33.90 China 26.80 19.60 100.00 96.00 114.50 0.10 31.80 European Union 1.54 2.58 14.95 16.20 17.92 0.23 0.92 Southeast Asia 0.83 0.58 9.67 4.81 10.19 0.02 0.87 Mexico 0.11 0.24 6.00 6.20 6.25 0.00 0.10 2021/22 Proj. Beginning Stocks Production Imports Domes tic C rus h Domes tic Tota l Exports Ending Stocks World 2/ May 86.55 385.53 172.71 331.69 380.78 172.90 91.10 Jun 88.00 385.52 172.71 331.69 380.78 172.90 92.55 World Less China May 54.75 366.53 69.71 231.69 261.08 172.80 57.10 Jun 56.20 366.52 69.71 231.69 261.08 172.80 58.56 United States May 3.25 119.88 0.95 60.56 63.81 56.47 3.81 Jun 3.66 119.88 0.95 60.56 63.81 56.47 4.22 Total Foreign May 83.29 265.64 171.76 271.14 316.97 116.43 87.29 Jun 84.34 265.64 171.76 271.14 316.97 116.43 88.33 Major Exporters 3/ May 45.85 209.10 5.37 94.03 104.33 108.38 47.61 Jun 46.85 209.10 5.37 94.03 104.33 108.38 48.61 Argentina May 23.35 52.00 4.70 42.50 49.85 6.35 23.85 Jun 23.35 52.00 4.70 42.50 49.85 6.35 23.85 Brazil May 22.04 144.00 0.65 47.70 50.35 93.00 23.34 Jun 23.04 144.00 0.65 47.70 50.35 93.00 24.34 Paraguay May 0.46 10.50 0.01 3.75 4.05 6.50 0.42 Jun 0.46 10.50 0.01 3.75 4.05 6.50 0.42 Major Importers 4/ May 33.90 22.87 137.35 129.71 157.68 0.35 36.09 Jun 33.90 22.87 137.35 129.71 157.68 0.35 36.09 China May 31.80 19.00 103.00 100.00 119.70 0.10 34.00 Jun 31.80 19.00 103.00 100.00 119.70 0.10 34.00 European Union May 0.92 2.80 15.00 15.90 17.62 0.23 0.87 Jun 0.92 2.80 15.00 15.90 17.62 0.23 0.87 Southeast Asia May 0.87 0.53 9.85 4.98 10.36 0.02 0.87 Jun 0.87 0.53 9.85 4.98 10.36 0.02 0.87 Mexico May 0.10 0.30 6.20 6.40 6.45 0.00 0.15 Jun 0.10 0.30 6.20 6.40 6.45 0.00 0.15 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports . Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to roun ding. June 2021 WASDE - 613 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.76 244.49 62.02 240.57 67.90 11.79 World Less China 13.76 172.03 61.97 169.07 66.89 11.79 United States 0.37 46.36 0.58 34.22 12.77 0.31 Total Foreign 13.40 198.14 61.44 206.35 55.13 11.48 Major Exporters 3/ 5.98 72.24 0.03 27.37 45.85 5.04 Argentina 2.06 29.87 0.00 3.20 27.46 1.27 Brazil 3.54 35.65 0.01 18.50 17.50 3.20 India 0.38 6.72 0.02 5.67 0.89 0.57 Major Importers 4/ 2.16 22.44 37.13 59.02 1.10 1.62 European Union 0.86 12.32 16.33 28.32 0.88 0.33 Mexico 0.26 4.75 1.82 6.73 0.01 0.10 Southeast Asia 5/ 1.01 3.51 17.12 20.38 0.21 1.05 China 0.00 72.47 0.05 71.51 1.01 0.00 2020/21 Est. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ 11.79 252.99 63.32 248.36 68.36 11.38 World Less China 11.79 176.96 63.26 173.52 67.11 11.38 United States 0.31 46.77 0.64 34.43 12.93 0.36 Total Foreign 11.48 206.21 62.69 213.94 55.44 11.02 Major Exporters 3/ 5.04 75.71 0.06 28.83 46.55 5.43 Argentina 1.27 31.95 0.00 3.28 28.25 1.69 Brazil 3.20 36.24 0.02 19.70 16.50 3.26 India 0.57 7.52 0.04 5.85 1.80 0.48 Major Importers 4/ 1.62 23.23 37.40 59.46 1.03 1.75 European Union 0.33 12.81 16.70 28.54 0.80 0.49 Mexico 0.10 4.90 1.88 6.75 0.01 0.12 Southeast Asia 5/ 1.05 3.75 16.97 20.56 0.22 0.99 China 0.00 76.03 0.06 74.84 1.25 0.00 2021/22 Proj. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ May 11.33 260.32 64.67 255.29 69.59 11.44 Jun 11.38 260.32 64.47 254.86 69.85 11.46 World Less China May 11.33 181.12 64.61 177.03 68.59 11.44 Jun 11.38 181.12 64.41 176.85 68.60 11.46 United States May 0.36 47.63 0.41 35.02 12.97 0.41 Jun 0.36 47.63 0.41 35.02 12.97 0.41 Total Foreign May 10.97 212.69 64.27 220.27 56.62 11.04 Jun 11.02 212.69 64.07 219.85 56.88 11.05 Major Exporters 3/ May 5.43 77.46 0.05 29.87 47.55 5.51 Jun 5.43 77.46 0.05 29.87 47.55 5.51 Argentina May 1.69 32.73 0.00 3.38 29.20 1.84 Jun 1.69 32.73 0.00 3.38 29.20 1.84 Brazil May 3.26 36.97 0.02 20.25 16.65 3.34 Jun 3.26 36.97 0.02 20.25 16.65 3.34 India May 0.48 7.76 0.03 6.24 1.70 0.34 Jun 0.48 7.76 0.03 6.24 1.70 0.34 Major Importers 4/ May 1.75 23.34 38.23 60.26 1.09 1.97 Jun 1.75 23.34 38.03 60.06 1.09 1.97 European Union May 0.49 12.57 17.00 28.54 0.85 0.67 Jun 0.49 12.57 17.00 28.54 0.85 0.67 Mexico May 0.12 5.06 1.93 7.00 0.01 0.09 Jun 0.12 5.06 1.93 7.00 0.01 0.09 Southeast Asia 5/ May 0.99 3.88 17.50 21.09 0.24 1.05 Jun 0.99 3.88 17.30 20.89 0.24 1.05 China May 0.00 79.20 0.06 78.26 1.00 0.00 Jun 0.00 79.20 0.06 78.01 1.25 0.00 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. June 2021 WASDE - 613 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 4.30 58.36 11.50 57.35 12.31 4.51 World Less China 3.80 41.97 10.50 40.26 12.15 3.86 United States 0.81 11.30 0.15 10.12 1.29 0.84 Total Foreign 3.50 47.06 11.36 47.23 11.02 3.67 Major Exporters 3/ 1.07 20.18 0.55 12.42 8.12 1.26 Argentina 0.43 7.70 0.00 2.18 5.40 0.55 Brazil 0.32 8.85 0.07 7.77 1.16 0.32 European Union 0.26 2.96 0.48 2.43 0.93 0.35 Major Importers 4/ 1.21 19.45 7.07 25.94 0.47 1.32 China 0.50 16.40 1.00 17.09 0.16 0.65 India 0.14 1.51 3.61 5.10 0.02 0.15 North Africa 5/ 0.29 1.07 1.79 2.50 0.29 0.36 2020/21 Est. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ 4.51 60.44 12.05 59.91 12.59 4.51 World Less China 3.86 43.24 10.85 41.66 12.54 3.76 United States 0.84 11.51 0.14 10.81 0.86 0.82 Total Foreign 3.67 48.93 11.92 49.11 11.72 3.69 Major Exporters 3/ 1.26 20.91 0.66 12.42 9.17 1.24 Argentina 0.55 8.20 0.00 1.95 6.25 0.55 Brazil 0.32 9.00 0.21 7.91 1.30 0.32 European Union 0.35 3.08 0.45 2.51 1.00 0.37 Major Importers 4/ 1.32 20.56 7.29 27.48 0.27 1.42 China 0.65 17.20 1.20 18.25 0.05 0.75 India 0.15 1.69 3.70 5.33 0.02 0.20 North Africa 5/ 0.36 1.13 1.64 2.59 0.21 0.33 2021/22 Proj. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ May 4.46 62.25 12.06 61.87 12.82 4.09 Jun 4.51 62.25 12.08 61.89 12.82 4.14 World Less China May 3.76 44.33 10.88 42.95 12.67 3.36 Jun 3.76 44.33 10.91 42.97 12.67 3.36 United States May 0.82 11.77 0.27 11.52 0.66 0.69 Jun 0.82 11.77 0.27 11.52 0.66 0.68 Total Foreign May 3.64 50.48 11.79 50.35 12.16 3.40 Jun 3.69 50.48 11.81 50.37 12.16 3.46 Major Exporters 3/ May 1.26 21.31 0.50 12.61 9.29 1.17 Jun 1.24 21.31 0.50 12.61 9.29 1.15 Argentina May 0.55 8.40 0.00 2.01 6.40 0.54 Jun 0.55 8.40 0.00 2.01 6.40 0.54 Brazil May 0.34 9.18 0.05 7.94 1.30 0.33 Jun 0.32 9.18 0.05 7.94 1.30 0.31 European Union May 0.37 3.02 0.45 2.61 0.95 0.29 Jun 0.37 3.02 0.45 2.61 0.95 0.29 Major Importers 4/ May 1.39 21.43 7.26 28.31 0.44 1.33 Jun 1.42 21.43 7.26 28.31 0.44 1.35 China May 0.70 17.92 1.18 18.92 0.15 0.73 Jun 0.75 17.92 1.18 18.92 0.15 0.78 India May 0.20 1.75 3.73 5.45 0.02 0.21 Jun 0.20 1.75 3.73 5.45 0.02 0.21 North Africa 5/ May 0.36 1.22 1.58 2.61 0.28 0.26 Jun 0.33 1.22 1.58 2.61 0.28 0.24 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. June 2021 WASDE - 613 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2020 II 6,059 6,313 12,424 10,940 1,369 12,446 24,870 2,254 56.1 III 7,115 7,048 14,213 11,358 1,454 12,958 27,172 2,311 55.4 IV 7,069 7,515 14,633 11,047 1,451 12,630 27,263 2,371 55.6 Annual 27,174 28,303 55,680 44,583 5,743 50,876 106,556 9,283 223.2 2021 I 6,895 7,291 14,235 10,893 1,390 12,410 26,645 2,306 56.8 II* 6,960 6,665 13,676 11,300 1,400 12,835 26,511 2,315 58.4 III* 7,050 6,930 14,031 11,445 1,425 13,010 27,041 2,345 56.8 IV* 7,000 7,305 14,356 11,255 1,450 12,835 27,191 2,395 56.5 Annual May Proj. 27,900 28,221 56,324 44,765 5,630 50,925 107,249 9,341 227.9 Jun Proj. 27,905 28,191 56,298 44,893 5,665 51,090 107,388 9,361 228.5 2022 I* 6,820 7,295 14,166 11,025 1,405 12,560 26,726 2,340 57.6 Annual May Proj. 27,335 28,545 56,084 45,300 5,690 51,535 107,619 9,470 230.3 Jun Proj. 27,335 28,545 56,084 45,300 5,700 51,545 107,629 9,470 231.1 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2020 II 105.79 38.96 67.0 103.7 119.6 15.43 III 101.74 40.50 66.7 111.3 89.0 18.97 IV 108.18 50.75 75.7 113.6 107.2 19.80 Annual 108.51 43.18 73.2 106.5 112.2 18.24 2021 I 112.98 55.71 84.0 110.1 127.8 17.33 II* 120.00 81.00 104.0 118.0 94.0 18.95 III* 115.00 78.00 94.0 118.0 103.0 19.00 IV* 120.00 66.00 88.0 116.0 124.0 20.05 Annual May Proj. 116.3 67.2 92.7 114.3 112.5 18.95 Jun Proj. 117.0 70.2 92.5 115.5 112.2 18.85 2022 I* 125.00 60.00 91.0 114.0 121.0 19.20 Annual May Proj. 122 56 93 116 115 18.50 Jun Proj. 122 56 93 116 115 18.75 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8 -16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. June 2021 WASDE - 613 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2020 642 27,244 3,343 31,228 2,956 716 27,557 58.4 2021 Proj. May 716 27,970 2,961 31,647 3,227 665 27,755 58.6 Jun 716 27,975 3,021 31,712 3,342 665 27,705 58.5 2022 Proj. May 665 27,405 2,950 31,020 3,225 670 27,125 57.1 Jun 665 27,405 2,990 31,060 3,300 670 27,090 57.0 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2020 646 28,318 904 29,869 7,282 467 22,119 52.0 2021 Proj. May 467 28,236 967 29,670 7,427 415 21,828 51.1 Jun 467 28,206 982 29,655 7,552 415 21,688 50.8 2022 Proj. May 415 28,560 990 29,965 7,425 445 22,095 51.5 Jun 415 28,560 990 29,965 7,550 445 21,970 51.2 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2020 1,330 55,774 4,548 61,652 10,241 1,217 50,194 111.8 2021 Proj. May 1,217 56,419 4,182 61,818 10,658 1,113 50,046 110.9 Jun 1,217 56,393 4,257 61,867 10,898 1,113 49,855 110.5 2022 Proj. May 1,113 56,179 4,217 61,509 10,656 1,154 49,699 109.9 Jun 1,113 56,179 4,252 61,544 10,856 1,154 49,534 109.4 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2020 937 44,106 145 45,188 7,371 830 36,987 96.2 2021 Proj. May 830 44,286 131 45,246 7,354 760 37,132 96.2 Jun 830 44,413 135 45,377 7,399 760 37,218 96.4 2022 Proj. May 760 44,815 133 45,708 7,450 795 37,463 96.7 Jun 760 44,815 136 45,711 7,450 795 37,466 96.7 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2020 233 5,743 21 5,997 572 223 5,202 15.8 2021 Proj. May 223 5,630 20 5,873 560 230 5,083 15.3 Jun 223 5,665 20 5,908 575 230 5,103 15.4 2022 Proj. May 230 5,690 21 5,941 580 225 5,136 15.4 Jun 230 5,700 21 5,951 580 225 5,146 15.5 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2020 1,175 50,398 167 51,740 8,018 1,057 42,665 113.4 2021 Proj. May 1,057 50,445 154 51,656 7,976 995 42,685 113.0 Jun 1,057 50,609 158 51,824 8,034 995 42,795 113.3 2022 Proj. May 995 51,050 157 52,202 8,090 1,025 43,087 113.6 Jun 995 51,060 160 52,215 8,090 1,025 43,100 113.6 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2020 2,504 106,172 4,716 113,392 18,259 2,274 92,859 225.2 2021 Proj. May 2,274 106,864 4,335 113,473 18,634 2,108 92,732 223.9 Jun 2,274 107,002 4,414 113,690 18,932 2,108 92,650 223.7 2022 Proj. May 2,108 107,228 4,374 113,710 18,746 2,179 92,785 223.5 Jun 2,108 107,238 4,412 113,758 18,946 2,179 92,633 223.0 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready- to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. June 2021 WASDE - 613 - 33 U.S. Egg Supply and Use Commodity 2019 2020 2021 Proj. 2021 Proj. 2022 Proj. 2022 Proj. May Jun May Jun Eggs Million Dozen Supply Beginning Stocks 22.7 31.6 24.5 24.5 22.0 22.0 Production 9,441.8 9,283.4 9,341.0 9,361.0 9,470.0 9,470.0 Imports 14.6 15.4 16.2 16.2 16.0 16.0 Total Supply 9,479.1 9,330.4 9,381.7 9,401.7 9,508.0 9,508.0 Use Exports 333.9 344.0 378.8 378.8 365.0 365.0 Hatching Use 1,081.2 1,078.5 1,106.6 1,113.6 1,140.0 1,140.0 Ending Stocks 31.6 24.5 22.0 22.0 24.0 24.0 Disappearance Total 8,032.5 7,883.4 7,874.3 7,887.3 7,979.0 7,979.0 Per Capita (number) 293.4 286.5 285.1 285.5 287.8 287.6 Tota l U.S. Milk Supply and Use Commodity 2019 2020 2021 Proj. 2021 Proj. 2022 Proj. 2022 Proj. May Jun May Jun Milk Billion Pounds Production 218.4 223.2 227.9 228.5 230.3 231.1 Farm Use 1.0 1.1 1.1 1.1 1.1 1.1 Fat Basis Supply Beg. Commercial Stocks 13.8 13.6 15.6 15.6 15.0 15.1 Marketings 217.4 222.1 226.8 227.4 229.2 230.0 Imports 6.9 6.8 6.2 6.1 5.9 5.9 Total Cml. Supply 238.1 242.5 248.6 249.1 250.1 251.1 Fat Basis Use Commercial Exports 9.1 9.3 10.8 11.1 10.3 10.3 Ending Commercial Stocks 13.6 15.6 15.0 15.1 15.0 15.1 CCC Donations 0.2 0.3 0.0 0.0 0.0 0.0 Domestic Commercial Use 215.2 217.4 222.8 222.9 224.8 225.7 Skim -solid Basis Supply Beg. Commercial Stocks 10.7 10.2 10.9 10.9 10.5 10.6 Marketings 217.4 222.1 226.8 227.4 229.2 230.0 Imports 5.8 5.6 5.5 5.5 5.4 5.4 Total Cml. Supply 233.9 237.9 243.2 243.8 245.1 246.0 Skim -solid Basis Use Commercial Exports 41.5 47.2 49.5 50.2 50.0 50.7 Ending Commercial Stocks 10.2 10.9 10.5 10.6 10.4 10.3 CCC Donations 0.2 0.1 0.0 0.0 0.0 0.0 Domestic Commercial Use 182.0 179.7 183.2 183.0 184.7 185.1 Tota l CCC Donations include purchases made through the USDA Trade Mitigation program. They do not include products purchased under other programs. Dairy domestic commercial use for 2020 includes additional milk marketed but not processed. Note: Totals may not add due to rounding. June 2021 WASDE - 613 - 34 U.S. Dairy Prices Commodity 2019 2020 2021 Proj. 2021 Proj. 2022 Proj. 2022 Proj. May Jun May Jun Product Prices 1/ Dollars Per Pound Cheese 1.7586 1.9236 1.740 1.705 1.715 1.715 Butter 2.2431 1.5808 1.710 1.715 1.790 1.795 Nonfat Dry Milk 1.0419 1.0417 1.240 1.250 1.195 1.220 Dry Whey 0.3799 0.3621 0.575 0.590 0.475 0.510 Filler Dollars Per Cwt Milk Prices 2/ Class III 16.96 18.16 17.70 17.45 16.85 17.15 Class IV 16.30 13.49 15.75 15.85 15.70 15.95 All Milk 3/ 18.65 18.24 18.95 18.85 18.50 18.75 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated pla nts for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . June 2021 WASDE - 613 - 35 Reliability of June Projections 1/ Note: Tables on pages 35 -37 present a record of the June projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 3 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 5.1 percent. The average difference between the June projection and the final estimate is 16 million tons, ranging from 0.4 million to 32.2 million tons. The June projection has been below the estimate 25 times and above 15 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 3.0 5.1 16.0 0.4 32.2 25 15 U.S. 5.7 9.7 2.6 0.0 8.4 23 17 Foreign 3.2 5.4 15.0 1.1 31.9 24 15 Exports World 6.1 10.3 6.3 0.0 19.2 27 12 U.S. 11.9 20.2 2.8 0.1 10.2 23 17 Foreign 6.6 11.2 5.7 0.6 19.8 29 10 Domestic Use World 2.2 3.8 10.8 0.5 27.7 24 16 U.S. 7.0 11.9 1.8 0.0 6.4 18 22 Foreign 2.3 3.8 10.6 0.6 28.6 25 14 Ending Stocks World 10.2 17.3 12.7 0.8 40.5 26 14 U.S. 18.5 31.3 3.4 0.1 14.9 23 17 Foreign 10.4 17.7 10.7 0.8 36.1 25 14 COARSE GRAINS 2/ Production World 3.6 6.2 27.4 0.6 103.3 22 18 U.S. 13.6 23.0 20.3 0.5 103.8 21 19 Foreign 2.8 4.7 14.9 0.4 45.6 20 19 Exports World 7.7 13.0 7.8 0.3 24.0 28 12 U.S. 28.8 48.8 8.5 0.1 30.8 18 22 Foreign 13.6 23.0 7.0 0.5 19.2 25 14 Domestic Use World 1.9 3.3 14.8 0.3 66.7 19 21 U.S. 5.6 9.5 7.7 0.1 37.0 24 16 Foreign 2.0 3.4 12.0 0.1 38.2 20 19 Ending Stocks World 20.9 35.5 26.7 1.7 170.1 27 13 U.S. 55.3 93.8 16.8 0.5 57.6 22 18 Foreign 17.4 29.6 15.9 0.1 155.2 29 10 RICE, milled Production World 2.4 4.0 7.0 0.3 21.8 26 14 U.S. 7.3 12.3 0.3 0.0 1.1 22 18 Foreign 2.4 4.1 6.9 0.4 21.9 25 14 Exports World 9.6 16.3 1.8 0.1 7.5 28 12 U.S. 11.3 19.2 0.2 0.0 1.0 19 18 Foreign 10.5 17.8 1.8 0.1 7.1 28 11 Domestic Use World 1.9 3.2 4.9 0.0 20.3 26 14 U.S. 8.6 14.6 0.2 0.0 0.6 17 22 Foreign 1.9 3.2 4.9 0.0 20.8 27 12 Ending Stocks World 14.5 24.5 7.4 0.2 26.7 28 12 U.S. 33.0 56.0 0.3 0.0 0.9 21 17 Foreign 15.6 26.6 7.6 0.4 26.4 28 11 1/ Footnotes at end of table. CONTINUED June 2021 WASDE - 613 - 36 Reliability of June Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World NA NA 11.1 0.1 27.9 7 10 U.S. 9.1 15.4 4.8 0.0 16.2 21 19 Foreign NA NA 8.0 0.2 23.9 6 10 Exports World NA NA 5.6 0.5 12.1 10 7 U.S. 15.5 26.4 3.5 0.3 14.0 22 18 Foreign NA NA 4.2 0.4 11.4 11 5 Domestic Use World NA NA 6.9 0.3 17.0 7 10 U.S. 6.1 10.4 1.9 0.1 7.2 25 15 Foreign NA NA 6.2 0.4 13.0 7 9 Ending Stocks World NA NA 8.6 0.1 26.2 8 9 U.S. 67.6 114.8 3.5 0.4 16.6 13 27 Foreign NA NA 6.3 0.3 19.1 9 7 COTTON Million 480 -Pound Bales Production World 6.0 10.2 4.2 0.0 16.4 22 17 U.S. 11.5 19.5 1.6 0.1 5.7 19 21 Foreign 6.0 10.2 3.2 0.2 12.4 22 17 Exports World 10.4 17.6 2.3 0.1 12.4 23 17 U.S. 29.0 49.3 1.4 0.1 4.0 24 16 Foreign 13.1 22.3 1.8 0.1 9.9 21 18 Domestic Use World 5.4 9.2 3.5 0.1 20.3 16 24 U.S. 10.2 17.3 0.5 0.0 1.4 17 22 Foreign 5.5 9.4 3.5 0.0 19.9 19 20 Ending Stocks World 17.2 29.2 6.8 0.5 19.9 26 14 U.S. 46.1 78.3 1.5 0.1 4.7 19 21 Foreign 16.4 27.9 5.7 0.3 19.2 27 12 1/ Marketing years 1981/82 through 2020/21 for grains, soybeans (U.S. only), and cotton. Marketing years 2009/10 through 2020/21 for global and foreign soybeans. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2019/20, and for 2020/21 the last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. June 2021 WASDE - 613 - 37 Reliability of United States June Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 16.0 27.2 796 8 4,010 20 20 Exports 30.3 51.5 312 38 1,150 19 21 Domestic Use 13.2 22.3 446 0 5,888 23 16 Ending Stocks 65.0 110.3 613 32 2,091 22 18 SORGHUM Production 19.7 33.5 83 0 228 20 19 Exports 41.3 70.1 49 0 190 19 20 Domestic Use 27.8 47.3 55 0 140 17 22 Ending Stocks 66.8 113.3 45 0 191 14 25 BARLEY Production 14.0 23.8 26 1 206 16 24 Exports 75.9 128.7 13 0 92 21 15 Domestic Use 11.6 19.6 29 0 95 18 21 Ending Stocks 22.4 38.1 22 1 79 18 22 OATS Production 23.8 40.4 29 1 231 8 32 Exports 109.4 185.7 1 0 8 11 12 Domestic Use 10.5 17.8 20 0 160 13 25 Ending Stocks 30.2 51.2 16 0 77 12 26 SOYBEAN MEAL Thousand Short Tons Production 5.6 9.5 1,302 57 4,919 26 14 Exports 17.3 29.4 984 50 2,650 26 14 Domestic Use 4.6 7.9 890 24 4,650 22 18 Ending Stocks 44.0 74.6 52 0 488 13 15 SOYBEAN OIL Million Pounds Production 5.3 9.0 655 18 2,330 29 11 Exports 32.7 55.6 440 0 1,700 23 16 Domestic Use 4.2 7.2 484 0 2,100 24 15 Ending Stocks 37.0 62.7 447 0 1,432 20 19 ANIMAL PROD. Million Pounds Beef 4.0 6.7 754 41 2,727 19 8 Pork 3.2 5.5 503 14 1,722 16 11 Broilers 2.3 3.9 629 55 1,465 11 16 Turkeys 3.9 6.6 162 2 478 12 15 Million Dozen Eggs 1.5 2.6 100 2 259 19 8 Billion Pounds Milk 1.6 2.7 2.3 0.2 7.0 14 13 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2020/21 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2020/21. Calendar years 1994 through 2020 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1994 -2020. WASDE- 613-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Fore ign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. I PAD is lo cated at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ To subscribe to receive WASDE -related notifications by email or text message visit https://public.govdelivery.com/accounts/USDAOC/subscriber/new?topic_id=USDAOC_223 . Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at mirvat. [email protected] World Agricultural Supply and Demand Estimates WASDE -613 – June 10, 2021 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202 - 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250 -9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554-9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 535 Approved by the Worl d Agricultural Outlook Board November 10, 2014 WHEAT: U.S. wheat supplies for 2014/15 are decreased 10 million bushels based on updated production estimates for the states resurveyed following the September 30 Small Grains report. Adjustments to production in these states, where significant acreage remained unharvested in early September, lowers production estimates for Hard Red Spring (HRS) wheat and durum. The change results in corresponding de creases in ending stocks. The pr ojected range for the 2014/15 season-average farm price is narrowed 10 cents on both the high and low end to $5.65 to $6.15 per bushel. Global 2014/15 wheat supplies are lowered 1.1 million tons with decreased production offsetting higher beginning stocks. World production is lowered 1.3 million tons led by a 1.0-million-ton decrease for Australia, a 0.8-million-ton reduction for Egypt, and a 0.5-million-ton reduction for Kazakhstan. Partly offsetting is a 1.4-million-ton increase for EU. Changes for Northern Hemisphere countries reflect updated harvest r eports and government statistics. Australia is lowered on persistent dryness in portions of th e southeast that continued through October. Global wheat consumption for 2014/15 is lowered 1.4 million tons due mainly to reductions for Egypt food and feed use, which stem from changes to their bread subsidy program. Global wheat imports are lowered 1.3 million tons to 153.4 milli on. Egypt imports are lowered 0.8 million tons due to the new subsidy program that will change consumption patterns. South Korea imports are lowered 0.4 million tons on reduced feed qualit y wheat imports; China, Pakistan and Russia imports are each lowered 0.3 million tons. Partly offsetting the reductions are 0.3-million-ton increases for both Mexico and Turkey imports. The largest exporter decrease is 1.0 million tons for Australia on a smaller crop. Kazakhstan and Serbia exports were each lowered 0.2 million tons also due to smaller crops. A 0.3-million-ton increase in Turkey exports was partially offsetting. Global wheat ending stocks for 2014/15 are raised 0. 3 million tons to 192.9 million, mostly on higher stocks for EU. COARSE GRAINS: U.S. feed grain production for 2014/15 is lowered this month as lower corn, barley, and oats output more than offsets a small increase for sorghum. Corn production is forecast 68 million bushels lower, but still a record at 14,407 million bushels. The national average corn yield is reduced 0.8 bushels per acre to 173.4 bushels. Small decreases in barley and oats production reflect the resurvey of producers who reported unharvested acreage in early September for the Small Grains report. Sorghum production is raised 4 million bushels with a higher forecast yield. U.S. corn use for 2014/15 is projected slightly higher with a 5-million-bushel increase in expected food, seed, and industrial (FSI) use. Corn used in ethanol production is projected 25 million bushels higher with a reduction in expected sorghum use for ethanol and the strong pace of weekly ethanol production reported so far for the marketing year. Mostly offsetting this increase is a 20- million-bushel reduction in other food and industrial use. Projec ted corn ending stocks are lowered 73 million bushels. The projected range for the season-average farm corn price is raised 10 cents on each end to $3.20 to $3.80 per bushel. WASDE-535-2 Sorghum exports for 2014/15 are projected 10 mill ion bushels higher on continued strong demand. Higher sorghum prices, driven by the strong pace of export sales and shipments, reduce the attractiveness of sorghum used in ethanol production and drive this month’s reduction in projected sorghum FSI use. Sorghum feed and residual use is raised 5 million bushels with the increase in production. The projected sorghum season-average farm price range is raised 20 cents on each end to $3.15 to $3.75 per bushel. The projected 2014/15 season-average farm prices for barley and oats are also raised this month based on prices reported to date. Global coarse grain supplies for 2014/15 are projecte d 1.6 million tons higher as the U.S. reduction is more than offset by higher foreign output. Foreign corn production is raised 1.4 million tons with increases for EU, Ukraine, and Mexico more than offsetting reductions for China and Kenya. World mixed grain production is raised 1.3 million tons with an increase for EU on higher reported area and yields, mostly in Poland and Germany. World barley output is raised 0.6 million tons with increases for EU and Algeria more than offsetting small reductions for Kazakhstan and the United States. Sorghum production is raised for Mexico, but lowered for Argentina, leaving foreign production up slightly. Rye production is lowered for EU. Global coarse grain consumption for 2014/15 is lowered 1.1 million tons. Corn use is lowered for China, but raised for EU, Ukraine, and Mexico. Barley feed use is raised for China, but lowered for Ukraine. Sorghum use is raised for Mexico and China. Corn imports are lowered for EU, China, and Japan, but raised for Iran and South Korea. Corn exports are lowered for Argentina and Brazil, but raised for Ukraine. Barley and sorghum imports are raised for China. Barley exports are raised for Canada and Uk raine. World corn ending stocks ar e projected 0.9 million tons higher with the U.S. reduction more than offset by in creases for Mexico, Brazil, Ukraine, China, and Argentina. RICE: All rice supplies for 2014/15 are increased slightly from last month due to an increase in production. U.S. all rice production is forecast at 221.1 million cwt, up 0.2 percent from last month due to an increase in yield. Average all rice yield is estimated at 7,597 pounds per acre, up 13 pounds per acre from a month ago. Harvest ed area is unchanged at 2.91 million acres. Long- grain rice production is up 0.2 million cwt to 160.3 million, and combined medium- and short-grain rice production is raised 0.1 million cwt to 60.8 million cwt. On the 2014/15 use side, forecast all rice do mestic and residual use and exports are unchanged from a month ago at 131.0 million cwt and 102.0 mill ion, respectively. However, the rough rice export component is raised 1.0 million cwt to 35 .0 million, up 22 percent from the prior year, and the largest since 2009/10. Conversely, exports of milled rice are lowered 1.0 million (rough-rice basis) to 67.0 million. Exports of combined medium- and short-grain rice are raised 2.0 million to 34.0 million, up 10 percent from 2013/14. Exports of medium-grain rice are expected to be larger because of forecast tighter supplies in Australi a, and a change in the export policy in Egypt that likely will constrain exports. Australia and Egypt ar e two principal medium-grain rice competitors of the United States. Conversely, long-grain rice expor ts are lowered 2.0 million cwt to 68.0 million, still up 10 percent from the prior year. Long-grain milled rice markets in the Middle East and Africa are expected to be very competitive and likely will favor lower-priced rice sourced from Asia. U.S. long-grain exports will be strong to markets in the Western Hemisphere. All rice ending stocks are forecast at 40.9 million cwt, up nearly 1 percent from last month, and an increase of nearly 29 percent from 2013/14. The 2014/15 long-grain rice season-average farm price range is projected at $12.20 to $13.20 per cwt, unchanged from last month. The combined medium- and short-grain farm price range is WASDE-535-3 projected at $19.00 to $20.00 per cwt, up $1.30 per cwt on each end of the range. The all rice season-average farm price is forecast at $14.20 to $15.20 per cwt, up 40 cents per cwt on each end of the range. Tight supplies of combined medium- and short-grain rice in California along with reduced supplies among the major competitors including Australia and Egypt are expected to support prices. Conversely, a larger supply of lower priced Southern medium-grain rice will limit the increase in the total medium- and short-grain farm price. Global 2014/15 ending stocks are lowered 5.7 million tons or near ly 5.5 percent due to a decrease in total supplies and an increase in consumption. Total supplies for 2014/15 are lowered 4.4 million tons due mostly to a redu ction in beginning stocks of 4.0 million. India’s 2013/14 ending stocks are lowered nearly 3.0 million tons due mostly to an increase in consumption. Lower procurement of rice by the government of India c oupled with higher disbursement of rice through the public distribution system dr ew down government rice stocks in 2013/14. Additionally, 2013/14 rice ending stocks in Thailand and Vietnam are lowered 0.8 million to ns and 0.5 million, respectively. World 2014/15 rice production is lowered 0.4 million tons to 475.0 million tons due mostly to smaller crops forecast for Australia and Egypt, which are partially offset by an increase for South Korea. Global 2014/15 rice consumption is raised 1.3 million tons to a record 482.9 million due mostly to increases for India and Vietnam, partially offset by reductions for Egypt and South Korea. Global rice trade is up 0.4 millio n tons from a month ago with a 0.8-million-ton increase for Thailand, partially offset by reductions for Australia and Egypt. Imports are increased for EU and China. The decline in global ending stocks is due mostly to reductions for India, Thailand, and Vietnam, partially offset by increase s for China, Egypt, EU, and South Korea. Global 2014/15 ending stocks at 98.6 mil lion tons are down nearly 8 mi llion tons from 2013/14 and the lowest stocks since 2009/10. Stocks among the major foreign exporters are down 18 percent from 2013/14. OILSEEDS: U.S. oilseed production fo r 2014/15 is projected at 117. 2 million tons, up 0.9 million from last month on increased soybean, peanut, and cottonseed production. Soybean production is forecast at 3,958 million bu shels, up 31 million on higher yields. The soybean yield is projected at a record 47.5 bushels per acre, up 0.4 bushels mainly on gains for Iowa and South Dakota. Soybean supplies for 2014/15 are pr ojected 1 percent above the October forecast. U.S. soybean exports for 2014/15 are raised 20 million bushels to 1,720 million reflecting the record pace of export sales thr ough late Octobe r. Soybean crush is rais ed 10 million bushels to 1,780 million mostly due to increased soybea n meal exports. Do mestic soybean meal consumption is reduced slightly in line with changes in the 2013/14 balance sheet. Soybean ending stocks are projec ted at 450 million bushels, unchan ged from the prev ious forecast. Soybean and soybean product prices for 2014/ 15 are unchanged from last month. The U.S. season-average soybean price range is projected at $9.00 to $11.00 per bushel. Soybean meal and soybean oil prices are projected at $330 to $370 per short ton and 34 to 38 cents per pound, respectively. Global oilseed production for 2014/ 15 is projected at a record 528 .9 million tons, up 0.5 million from last month. Higher soybean and rapeseed production are only partly offset by a lower sunflowerseed forecast. Global soybean production is projected at a record 312.1 million tons reflecting the increase for the United States. Global rapeseed production is raised to 70.7 million tons on a record EU harvest. Gains for EU are partly offset by a reduct ion for Australia where dry conditions in the southeast have reduced yield prospects. Global sunflowerseed production is reduced 0.4 million tons to 39.8 milli on on lower forecasts for Russia and WASDE-535-4 Kazakhstan which are partly offset by gains for EU and Serbia. Other changes include reduced cottonseed production for China and Australia. Global oilseed trade for 2014/15 is projected at 134.6 million tons, up 0.6 million from last month. Increased soybean exports from the United States and Ukraine and increased rapeseed exports from Canada account for most of the change. Glob al oilseed crush is projected higher mainly on gains for soybeans in the United States, China, Ukraine, and South Korea. Partly offsetting is a reduction in soybean crush for Argentina. Rapeseed crush is raised for EU and China. Global oilseed ending stocks are projec ted lower at 103.0 million tons on reduced rapeseed stocks in Canada and Australia. SUGAR: U.S. 2014/15 total sugar supply is increased 40,000 short tons, raw value (STRV) from last month to 13.729 million. Imports are incr eased by 135,000 STRV due to a reduction in the 2014/15 raw sugar tariff-rate quota (TRQ) shortfa ll projection by 101,000 and an expected increase of 34,000 from Mexico. Partially offsetting the import increase are decreases in expected 2014/15 sugar production (down 80,000 to 8.462 million based on changes in processors’ forecasts and National Agricultural Statistics Service sugar crop forecasts) and lower beginning stocks (down 14,000). Deliveries for food consumption are increased by 109,000 STRV to 11.859 million. With no other changes, 2014/15 ending stocks are projected 69,000 STRV lower at 1.485 million for a stocks-to-use ratio of 12.1 percent. For 2013/14, complete-year Sweetener Market Data (SMD) implies increased total use of 59,000 STRV offsetting increases in total supply of 45,000 STRV. Ending stocks for 2013/14 are estimated at 1.796 mi llion STRV and the 2013/14 stock-to-use is 14.3 percent. Mexico 2014/15 total sugar supply is decreased 37,000 metric tons (MT) with increased beginning stocks (146,000 MT) more than offset by lower expected imports for consumption (183,000 MT). Deliveries for human consumption are decreased by 54,000 MT based on a continuation of reduced sweeteners consumption observed in 2013/14. The ending stocks are forecast at 924,000 MT, 22.0 percent of consumption. Exports for 2014/15 are calculated residually at 1.679 million MT. The 29,000 MT increase in exports is forecast to go to the U.S. market for a new total of 1.354 million MT. For 2013/14, adjustments are made based on complete-year Comité Nacional Para El Desarrollo Sustentable de la Caña de Azúcar (Conadesuca) data. The largest change is a reduction of 52,000 MT in Mexico sugar consum ption to 4.098 million MT. All other Conadesuca revisions are minor. An adjustment of -95,000 MT is included to account for the differences in trade reporting by U.S. and Mexican trade authorities. LIVESTOCK, POULTRY, AND DAIRY: The forecast for total meat production in 2014 is raised from last month, but the forecast for 2015 is lo wered. Beef production is higher in 2014 but lowered for 2015. Cattle feeders are expected to raise animals to heavier weights in 2014 and 2015, but this is more than offset by a slower pace of marketings in the second half of 2015. Pork production is forecast lower in both 2014 and 2015 as hog weights are expected to reflect a more rapid movement of animals through finishing barns. Broiler production is raised for 2014 and 2015 as producers have expanded at a more rapid rate. Turkey production for 2014 is raised, reflecting September slaughter data, but the forecast for 2015 is unchanged. Egg production is raised for 2014 based on September data and the forecast for 2015 is raised as favorable returns are expected to stimulate a more rapid expansion. The 2014 beef import forecast is raised on the pace to date. The forecast for 2015 is unchanged from last month. Beef exports for 2014 are updated to reflect September data; the 2015 forecast is unchanged. Pork imports ar e raised for 2014, but are unchanged for 2015. Pork exports for 2014 are lowered to reflect September data, but the forecast for 2015 is unchanged. Broiler WASDE-535-5 exports are raised for 2014 and 2015 on strength of demand. The turkey export forecast for 2014 is lowered based on September data. Cattle price forecasts for 2014 and 2015 are raised from last month on continued demand strength. The hog price forecasts for 2014 are lowered on weaker demand, but 2015 prices are unchanged. Broiler and turkey price forecasts for 2014 and 2015 are unchanged. Egg price forecasts for 2015 are reduced on higher production. The milk production forecast for 2014 is increased from last month as growth in milk per cow has increased. However, for 2015, the production forecast is lowered as the expansion in cow numbers and growth in milk per cow are expected to be more moderate. Export forecasts for 2014 and 2015 are lowered as U.S. dairy products, especially on a skim solids basis, remain less competitive in world markets. Cheese and nonfat dry milk (NDM) prices are raised for 2014, reflecting current price movements, but the price forecasts for 2015 are lowered as domestic supplies are expected to be relatively large. Butter prices are reduced for both 2014 and 2015 based on prices to date and weaker expected exports. Whey prices are unchanged from last month. The Class III price for 2014 is raised on stronger c heese prices, but weaker cheese prices in 2015 result in a lower expected Class III price. The Cla ss IV price is lowered for 2014 as lower butter prices more than offset a higher NDM price. For 2015 both butter and NDM prices will be weaker, resulting in a lower Class IV price forecast. The all milk price is raised to $24.15 to $24.25 per cwt for 2014, but is lowered for 2015 to $18.85 to $19.75 per cwt. COTTON: This month’s U.S. cotton 2014/15 estimates include higher production and ending stocks. Production is raised to 16.4 million bales, as increases for the Southwest and Southeast more than offset a reduction for the Delta. Domestic mill use and exports are unchanged, resulting in ending stocks of 5.1 million bales. The marketing-year average price received by producers is forecast to fall between 56.0 and 64.0 cents per pound, with the expected midpoint of 60 cents the same as last month. The global cotton 2014/15 forecasts also show only minor revisions this month, leaving ending stocks marginally higher. Production is raised slightly as increases for Burma, the African Franc Zone, and the United States are mostly offset by reductions for China, Australia, and Uzbekistan. Estimates for Burma’s supply and demand are revi sed beginning in 2000/01 based on review of data sources for production and trade. World consumption is raised marginally, owing to increases for Burma, which are mostly offset by a decrease for China. Approved by the Secretary of Agriculture and the Acting Chairperson of the World Agricultural Outlook Board, Seth D. Meyer, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: MICHAEL T. SCUSE SECRETARY OF AGRICULTURE DESIGNATE WASDE-535-6 INTERAGENCY COMMODIT Y ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Jerry Norton, IC EC Chair, WAOB, E-mail : [email protected] Gary Vocke, ERS; Te resa McKeivier, FAS; Tom Tice, FSA. Rice: Andrew C. Aaronson , ICEC Chair, WAOB, E-mail : [email protected] Nathan Childs, ERS; Yoonhee Mack e, FAS; Mark Simone, FSA. Feed Grains: Jerry Norton, ICEC Chair, WAOB, E-mail : [email protected] Thomas Capehart, ERS; Richard O’Me ara, FAS; Pete Riley, FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail : [email protected] Mark Ash, ERS; Bill George , FAS; Dale Leuck, FSA. Cotton: Carol Skelly, ICEC Chair, WAOB, E-mail : [email protected] Darryl Earnest, AMS; Leslie Me yer, ERS; James Johnson, FAS; Scott Sanford, FSA. Sugar: Stephen Haley, ICEC Chair, WAOB, E-mail : [email protected] Michael McConnell, ERS; Ron Lor d, FAS; Barbar a Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Sherry Wise, AMS; Kenneth Mathews, ERS; Claire Mezoughem, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Larry Haller, AMS; Davi d Harvey, ERS; Claire Mezoughem, FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Uthra Raghunathan, AMS; Jerry Cessna, ERS; Paul Kiendl , FAS; Milton Madison, FSA. In 2014, the final WASDE report will be released on Dec. 10. In 2015, the WASDE report will be released on Jan. 12, Feb. 10, Mar. 10, Apr. 9, May 12, Jun. 10, Jul. 10, Aug. 12, Sep. 11, Oct. 9, Nov. 10, Dec. 9. WASDE-535-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................... 1 Interagency Commodity Estimates Committees ..................................................... 6 World & U.S. Supply & Use for Grains ................................................................... 8 World & U.S. Supply & Use for Cotton ................................................................... 9 World & U.S. Supply & Use for Oilseeds .............................................................. 10 U.S. Wheat Supply & Use .................................................................................... 11 U.S. Wheat Supply & Use by Class ..................................................................... 11 U.S. Feed Grain & Corn Supply & Use ................................................................ 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13 U.S. Rice Supply & Use ....................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................ 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ............................................................................. 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use .................................................................................. 18 World Coarse Grains Supply & Use ..................................................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use ..................................................................................... 24 World Cotton Supply & Use ................................................................................. 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ..................................................................... 29 World Soybean Oil Supply & Use......................................................................... 30 U.S. Quarterly Animal Product Production ........................................................... 31 U.S. Quarterly Prices for Animal Products ........................................................... 31 U.S. Meats Supply and Use ................................................................................. 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use .................................................................................... 33 U.S. Dairy Prices ................................................................................................. 34 Reliability Tables ................................................................................................. 35 Related USDA Reports ........................................................................................ 38 Metric Conversion Factors ................................................................................... 38 Electronic Access and Subscriptions ....................................................................... 40 November 2014 WASDE - 535 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Outpu tTotal Supply Trade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2012/13 2266.08 2737.58 299.49 2283.95 453.63 2013/14 (Est.) 2471.41 2925.04 370.89 2422.83 502.20 filler filler filler filler filler 2014/15 (Proj.) Oct 2468.98 2974.84 345.10 2452.04 522.80 2014/15 (Proj.) Nov 2468.68 2970.88 344.06 2450.78 520.10 filler filler filler filler filler Wheat 2012/13 657.94 854.10 137.36 679.35 174.76 2013/14 (Est.) 714.74 889.50 165.81 703.78 185.72 filler filler filler filler filler 2014/15 (Proj.) Oct 721.12 906.69 156.02 714.11 192.59 2014/15 (Proj.) Nov 719.86 905.58 154.92 712.69 192.90 filler filler filler filler filler Coarse Grains 5/ 2012/13 1136.26 1304.79 122.88 1135.97 168.82 2013/14 (Est.) 1280.30 1449.13 163.30 1239.10 210.02 filler filler filler filler filler 2014/15 (Proj.) Oct 1272.39 1482.22 147.93 1256.25 225.97 2014/15 (Proj.) Nov 1273.77 1483.79 147.61 1255.14 228.65 filler filler filler filler filler Rice, milled 2012/13 471.88 578.68 39.25 468.63 110.05 2013/14 (Est.) 476.37 586.42 41.78 479.96 106.46 filler filler filler filler filler 2014/15 (Proj.) Oct 475.48 585.93 41.15 481.69 104.24 2014/15 (Proj.) Nov 475.05 581.51 41.53 482.95 98.56 filler filler filler filler filler United States Outpu t Total SupplyTrade 2 /Total Use 3/Ending Stocks Total Grains 4/ 2012/13 352.96 412.94 51.63 317.09 44.23 2013/14 (Est.) 433.67 486.45 89.42 345.55 51.48 filler filler filler filler filler 2014/15 (Proj.) Oct 445.51 505.63 78.73 352.05 74.85 2014/15 (Proj.) Nov 443.57 503.69 78.98 351.94 72.76 filler filler filler filler filler Wheat 2012/13 61.30 84.85 27.54 37.77 19.54 2013/14 (Est.) 58.11 82.23 32.01 34.17 16.05 filler filler filler filler filler 2014/15 (Proj.) Oct 55.39 76.07 25.17 33.09 17.80 2014/15 (Proj.) Nov 55.13 75.80 25.17 33.09 17.53 filler filler filler filler filler Coarse Grains 5/ 2012/13 285.31 319.77 20.70 275.54 23.53 2013/14 (Est.) 369.45 396.21 54.42 307.38 34.41 filler filler filler filler filler 2014/15 (Proj.) Oct 383.06 420.82 50.29 314.77 55.76 2014/15 (Proj.) Nov 381.37 419.13 50.55 314.66 53.92 filler filler filler filler filler Rice, milled 2012/13 6.35 8.32 3.39 3.78 1.16 2013/14 (Est.) 6.12 8.01 2.99 4.00 1.03 filler filler filler filler filler 2014/15 (Proj.) Oct 7.06 8.75 3.26 4.19 1.30 2014/15 (Proj.) Nov 7.07 8.76 3.26 4.19 1.31 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). November 2014 WASDE - 535 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Outpu tTotal Supply Trade 2 /Total UseEnding Stocks Total Grains 4/ 2012/13 1,913.12 2,324.63 247.86 1,966.86 409.40 2013/14 (Est.) 2,037.74 2,438.59 281.47 2,077.28 450.73 filler filler filler filler filler 2014/15 (Proj.) Oct 2,023.46 2,469.21 266.37 2,099.99 447.94 2014/15 (Proj.) Nov 2,025.11 2,467.19 265.08 2,098.83 447.34 filler filler filler filler filler Wheat 2012/13 596.64 769.25 109.82 641.58 155.22 2013/14 (Est.) 656.63 807.27 133.79 669.60 169.68 filler filler filler filler filler 2014/15 (Proj.) Oct 665.72 830.62 130.85 681.01 174.79 2014/15 (Proj.) Nov 664.73 829.78 129.75 679.59 175.37 filler filler filler filler filler Coarse Grains 5/ 2012/13 850.94 985.01 102.18 860.43 145.29 2013/14 (Est.) 910.86 1,052.92 108.88 931.72 175.62 filler filler filler filler filler 2014/15 (Proj.) Oct 889.32 1,061.40 97.64 941.48 170.21 2014/15 (Proj.) Nov 892.40 1,064.67 97.07 940.49 174.73 filler filler filler filler filler Rice, milled 2012/13 465.53 570.36 35.87 464.85 108.89 2013/14 (Est.) 470.25 578.41 38.80 475.96 105.43 filler filler filler filler filler 2014/15 (Proj.) Oct 468.42 577.18 37.88 477.50 102.95 2014/15 (Proj.) Nov 467.98 572.74 38.27 478.76 97.25 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales Outpu tTotal Supply Trade 2 /Total Use 3 /Ending Stocks World 2012/13 123.56 197.26 46.67 107.58 90.01 2013/14 (Est.) 120.31 210.32 40.94 109.07 101.48 2014/15 (Proj.) Oct 119.37 220.68 34.40 113.68 107.11 2014/15 (Proj.) Nov 119.61 221.08 34.35 113.85 107.36 United States 2012/13 17.31 20.67 13.03 3.50 3.80 2013/14 (Est.) 12.91 16.72 10.53 3.55 2.45 2014/15 (Proj.) Oct 16.26 18.72 10.00 3.80 4.90 2014/15 (Proj.) Nov 16.40 18.86 10.00 3.80 5.10 Foreign 4/ 2012/13 106.25 176.58 33.64 104.08 86.21 2013/14 (Est.) 107.40 193.60 30.41 105.52 99.03 2014/15 (Proj.) Oct 103.12 201.97 24.40 109.88 102.21 2014/15 (Proj.) Nov 103.21 202.23 24.35 110.05 102.26 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. November 2014 WASDE - 535 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Outpu tTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2012/13 474.70 540.07 118.15 396.63 66.78 2013/14 (Est.) 505.21 571.99 133.68 415.49 80.84 2014/15 (Proj.) Oct 528.38 608.54 133.94 428.98 103.58 2014/15 (Proj.) Nov 528.90 609.74 134.58 429.72 102.95 Oilmeals 2012/13 268.34 280.75 78.05 264.41 10.98 2013/14 (Est.) 280.08 291.06 82.03 275.18 12.22 2014/15 (Proj.) Oct 290.42 302.54 86.07 285.17 12.19 2014/15 (Proj.) Nov 291.73 303.95 85.99 286.63 12.61 Vegetable Oils 2012/13 160.59 178.03 68.50 156.87 17.24 2013/14 (Est.) 170.01 187.25 68.02 165.54 17.89 2014/15 (Proj.) Oct 176.77 195.25 70.93 172.78 19.22 2014/15 (Proj.) Nov 176.95 194.84 70.77 172.99 18.22 United States Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2012/13 93.32 100.70 36.87 50.23 5.76 2013/14 (Est.) 99.02 107.95 45.79 51.47 3.95 2014/15 (Proj.) Oct 116.26 121.65 47.30 52.93 13.77 2014/15 (Proj.) Nov 117.18 122.62 47.85 53.24 13.80 Oilmeals 2012/13 38.69 42.42 10.49 31.62 0.31 2013/14 (Est.) 39.40 43.46 10.75 32.42 0.29 2014/15 (Proj.) Oct 40.89 44.82 11.17 33.31 0.34 2014/15 (Proj.) Nov 41.58 45.47 11.90 33.23 0.34 Vegetable Oils 2012/13 10.23 15.57 1.39 13.03 1.16 2013/14 (Est.) 10.44 15.62 1.12 13.53 0.98 2014/15 (Proj.) Oct 10.71 15.88 1.32 13.47 1.08 2014/15 (Proj.) Nov 10.77 15.86 1.32 13.55 1.00 filler filler filler filler filler Foreign 3/ Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2012/13 381.38 439.36 81.28 346.40 61.02 2013/14 (Est.) 406.19 464.04 87.89 364.02 76.89 2014/15 (Proj.) Oct 412.12 486.89 86.64 376.04 89.81 2014/15 (Proj.) Nov 411.72 487.12 86.73 376.48 89.15 Oilmeals 2012/13 229.65 238.33 67.56 232.79 10.67 2013/14 (Est.) 240.67 247.60 71.28 242.77 11.93 2014/15 (Proj.) Oct 249.53 257.72 74.90 251.86 11.85 2014/15 (Proj.) Nov 250.14 258.48 74.09 253.40 12.27 Vegetable Oils 2012/13 150.36 162.46 67.11 143.85 16.08 2013/14 (Est.) 159.57 171.63 66.90 152.02 16.92 2014/15 (Proj.) Oct 166.06 179.37 69.61 159.31 18.14 2014/15 (Proj.) Nov 166.18 178.97 69.45 159.45 17.22 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. November 2014 WASDE - 535 - 11 U.S. Wheat Supply and Use 1/ 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Oct Nov Million Acres Area Planted 55.3 56.2 56.8 56.8 Area Harvested 48.8 45.3 46.5 46.4 Bushels Yield per Harvested Acre 46.2 47.1 43.8 43.7 Million Bushels Beginning Stocks 743 718 590 590 Production 2,252 2,135 2,035 2,026 Imports 123 169 170 170 Supply, Total 3,118 3,021 2,795 2,785 Food 945 951 960 960 Seed 73 77 76 76 Feed and Residual 370 228 180 180 Domestic, Total 1,388 1,256 1,216 1,216 Exports 1,012 1,176 925 925 Use, Total 2,400 2,432 2,141 2,141 Ending Stocks 718 590 654 644 CCC Inventory 0000 Free Stocks 718 590 654 644 Outstanding Loans 8 8 45 45 Avg. Farm Price ($/bu) 2/ 7.77 6.87 5.55 - 6.25 5.65 - 6.15 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red WinterHard Red SpringSoft Red Winte r White Durum Total Millio n Bushel s 2013/14 (Est.) Beginning Stocks 343 165 124 63 23 718 Production 747 491 568 271 58 2,135 Supply, Total 3/ 1,109 733 713 341 125 3,021 Domestic Use 427 318 318 120 73 1,256 Exports 446 246 283 171 31 1,176 Use, Total 873 564 600 291 103 2,432 Ending Stocks, Total 236 169 113 50 22 590 2014/15 (Proj.) Beginning Stocks 236 169 113 50 22 590 Production 738 556 455 224 53 2,026 Supply, Total 3/ 985 805 583 283 130 2,785 Domestic Use 453 308 266 101 88 1,216 Exports 320 280 155 145 25 925 Use, Total 773 588 421 246 113 2,141 Ending Stocks, Total Nov 212 217 162 37 17 644 Ending Stocks, Total Oct 192 247 162 37 16 654 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing-year weighted average price received by farmers. 3/ Includes imports. November 2014 WASDE - 535 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Oct Nov Million Acres Area Planted 109.9 109.9 103.8 103.8 Area Harvested 96.6 98.2 92.8 92.7 Metric Tons Yield per Harvested Acre 2.95 3.76 4.13 4.11 Million Metric Tons Beginning Stocks 27.8 23.5 34.4 34.4 Production 285.1 369.3 382.9 381.2 Imports 6.4 3.0 3.1 3.1 Supply, Total 319.4 395.8 420.4 418.7 Feed and Residual 114.9 135.7 141.7 141.8 Food Seed & Industrial 160.3 171.3 172.6 172.5 Domestic, Total 275.2 307.0 314.4 314.3 Exports 20.7 54.4 50.3 50.5 Use, Total 295.8 361.4 364.7 364.8 Ending Stocks 23.5 34.4 55.7 53.9 CCC Inventory 0.0 0.0 0.0 0.0 Free Stocks 23.5 34.4 55.7 53.9 Outstanding Loans 0.8 2.0 5.9 5.9 CORN 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Octobe r Novembe r Million Acres Area Planted 97.3 95.4 90.9 90.9 Area Harvested 87.4 87.7 83.1 83.1 Bushels Yield per Harvested Acre 123.1 158.8 174.2 173.4 Million Bushels Beginning Stocks 989 821 1,236 1,236 Production 10,755 13,925 14,475 14,407 Imports 1 6 03 62 52 5 Supply, Total 11,904 14,782 15,736 15,668 Feed and Residual 4,315 5,132 5,375 5,375 Food, Seed & Industrial 2/ 6,038 6,497 6,530 6,535 Ethanol & by-products 3/ 4,641 5,134 5,125 5,150 Domestic, Total 10,353 11,629 11,905 11,910 Exports 730 1,917 1,750 1,750 Use, Total 11,083 13,546 13,655 13,660 Ending Stocks 821 1,236 2,081 2,008 CCC Inventory 0000 Free Stocks 821 1,236 2,081 2,008 Outstanding Loans 32 76 230 230 Avg. Farm Price ($/bu) 4/ 6.89 4.46 3.10 - 3.70 3.20 - 3.80 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access th e data on the Web through the Feed Grains Database at www.ers.usda.gov/data-products/feed-grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average pr ice received by farmers. November 2014 WASDE - 535 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Oct Nov Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 6.3 8.1 7.2 7.2 Area Harvested (mil. acres) 5.0 6.5 6.2 6.2 Yield (bushels/acre) 49.6 59.6 65.4 66.1 Beginning Stocks 23 15 34 34 Production 248 389 404 408 Imports 10 0 0 0 Supply, Total 280 404 438 442 Feed and Residual 94 88 90 95 Food, Seed & Industrial 95 70 90 80 Total Domestic 189 158 180 175 Exports 76 212 220 230 Use, Total 265 370 400 405 Ending Stocks 15 34 38 37 Avg. Farm Price ($/bu) 2/ 6.33 4.28 2.95 - 3.55 3.15 - 3.75 Filler Filler Filler Filler Filler BARLEY 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Octobe r Novembe r Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.7 3.5 3.0 3.0 Area Harvested (mil. acres) 3.3 3.0 2.5 2.4 Yield (bushels/acre) 66.9 71.3 73.4 72.4 Beginning Stocks 60 80 82 82 Production 219 217 180 177 Imports 23 19 35 35 Supply, Total 302 316 297 294 Feed and Residual 58 65 65 60 Food, Seed & Industrial 155 155 154 154 Total Domestic 213 220 219 214 Exports 91 41 01 0 Use, Total 222 234 229 224 Ending Stocks 80 82 68 70 Avg. Farm Price ($/bu) 2/ 6.43 6.06 4.70 - 5.50 4.85 - 5.45 Filler Filler Filler Filler Filler OATS 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Octobe r Novembe r Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.7 3.0 2.7 2.7 Area Harvested (mil. acres) 1.0 1.0 1.0 1.0 Yield (bushels/acre) 61.2 64.1 67.8 67.7 Beginning Stocks 55 36 25 25 Production 61 65 70 70 Imports 93 97 100 100 Supply, Total 209 198 195 194 Feed and Residual 96 97 85 85 Food, Seed & Industrial 76 75 77 77 Total Domestic 172 172 162 162 Exports 1222 Use, Total 173 173 164 164 Ending Stocks 36 25 31 30 Avg. Farm Price ($/bu) 2/ 3.89 3.75 2.80 - 3.40 3.00 - 3.50 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. November 2014 WASDE - 535 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Oct Nov Million Acres Area Planted 2.70 2.49 2.93 2.93 Area Harvested 2.68 2.47 2.91 2.91 Filler Pounds Yield per Harvested Acre 7,463 7,694 7,584 7,597 Million Hundredweight Beginning Stocks 2/ 41.1 36.4 31.8 31.8 Production 199.9 189.9 220.7 221.1 Imports 21.1 23.1 21.0 21.0 Supply, Total 262.1 249.4 273.5 273.9 Domestic & Residual 3/ 119.0 124.9 131.0 131.0 Exports, Total 4/ 106.6 92.7 102.0 102.0 Rough 34.1 28.6 34.0 35.0 Milled (rough equiv.) 72.5 64.1 68.0 67.0 Use, Total 225.7 217.6 233.0 233.0 Ending Stocks 36.4 31.8 40.5 40.9 Avg. Milling Yield (%) 5/ 70.00 71.00 70.50 70.50 Avg. Farm Price ($/cwt) 6/ 15.10 16.10 13.80 - 14.80 14.20 - 15.20 Total LONG-GRAIN RICE 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Octobe r Novembe r Harvested Acres (mil.) 1.98 1.77 Yield (pounds/acre) 7,291 7,464 Beginning Stocks 24.3 21.9 16.2 16.2 Production 144.3 131.9 160.0 160.3 Supply, Total 7/ 187.3 173.3 194.7 195.0 Domestic & Residual 3/ 89.6 95.3 99.0 99.0 Exports 8/ 75.8 61.8 70.0 68.0 Use, Total 165.4 157.1 169.0 167.0 Ending Stocks 21.9 16.2 25.7 28.0 Avg. Farm Price ($/cwt) 6/ 14.50 15.40 12.20 - 13.20 12.20 - 13.20 Filler Filler Filler Filler Filler MEDIUM & SHORT-GRAIN RICE 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Octobe r Novembe r Harvested Acres (mil.) 0.70 0.70 Yield (pounds/acre) 7,951 8,272 Beginning Stocks 14.7 12.2 13.3 13.3 Production 55.7 58.0 60.7 60.8 Supply, Total 7/ 72.5 73.8 76.5 76.6 Domestic & Residual 3/ 29.4 29.6 32.0 32.0 Exports 8/ 30.8 30.9 32.0 34.0 Use, Total 60.3 60.4 64.0 66.0 Ending Stocks 12.2 13.3 12.5 10.6 Avg. Farm Price ($/cwt) 6/ 9/ 17.40 18.50 17.70 - 18.70 19.00 - 20.00 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2012/13-2.1; 2013/14-2.3; 2014/15-2.3. 3/ Residual includes unreported use, process ing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled ric e exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quant ity of rough rice milled. Data supplied by the USA Rice Federation for years prior to 2013/14. The 2013/14 milling yield is calculated using Farm Service Agency (FSA) warehouse store d loan data for long, medium, and short grain rice. The year-to-year change in the FSA average all rice milling yield is applied to the WASDE reported 2012/13 milling yield to calcula te the 2013/14 forecasted average milling yield. The 2014/15 milling yield is calculated using the previous five-year Olympic average-- 2009/10-2013/14. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short-g rain season-average- farm price (SAFP) largely reflects rice th at is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the averag e of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP for ecast and the final price has av eraged $1.63 per cwt from 2008 /09 through 2012/13, with a high of $3.50 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. November 2014 WASDE - 535 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Oct Nov Filler Filler Filler Filler Filler Million Acres Area Planted 77.2 76.8 84.2 84.2 Area Harvested 76.1 76.3 83.4 83.4 Filler Bushels Yield per Harvested Acre 40.0 44.0 47.1 47.5 Million Bushels Beginning Stocks 169 141 92 92 Production 3,042 3,358 3,927 3,958 Imports 41 72 15 15 Supply, Total 3,252 3,570 4,034 4,065 Crushings 1,689 1,734 1,770 1,780 Exports 1,317 1,647 1,700 1,720 Seed 89 98 92 92 Residual 1 6 02 22 3 Use, Total 3,111 3,478 3,583 3,615 Ending Stocks 141 92 450 450 Avg. Farm Price ($/bu) 2/ 14.40 13.00 9.00 - 11.00 9.00 - 11.00 Total SOYBEAN OIL 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Octobe r Novembe r Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 2,540 1,705 1,325 1,165 Production 4/ 19,820 20,130 20,445 20,560 Imports 196 165 160 160 Supply, Total 22,555 22,000 21,930 21,885 Domestic Disappearance 18,687 18,958 18,300 18,450 Biodiesel 3/ 4,689 4,800 4,800 4,800 Food, Feed & other Industrial 13,998 14,158 13,500 13,650 Exports 2,164 1,877 2,100 2,100 Use, Total 20,850 20,835 20,400 20,550 Ending stocks 1,705 1,165 1,530 1,335 Avg. Price (c/lb) 2/ 47.13 38.23 34.00 - 38.00 34.00 - 38.00 Total SOYBEAN MEAL 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Octobe r Novembe r Filler 1 2 3 4 Thousand Shor t Tons Beginning Stocks 300 275 300 250 Production 4/ 39,875 40,685 42,035 42,785 Imports 245 336 165 165 Supply, Total 40,420 41,296 42,500 43,200 Domestic Disappearance 28,969 29,496 30,200 30,100 Exports 11,176 11,550 12,000 12,800 Use, Total 40,145 41,046 42,200 42,900 Ending Stocks 275 250 300 300 Avg. Price ($/s.t.) 2/ 468.11 489.94 330.00 - 370.00 330.00 - 370.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oi l, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made fr om methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 1,725 million bushels for 2013 /14 and 1,800 million bushels for 2014/15. November 2014 WASDE - 535 - 16 U.S. Sugar Supply and Use 1/ 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Oct Nov Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 1,979 2,158 1,810 1,796 Production 2/ 8,982 8,457 8,542 8,462 Beet Sugar 5,076 4,794 4,970 4,870 Cane Sugar 3,906 3,663 3,572 3,592 Florida 1,867 1,759 1,770 1,770 Hawaii 179 168 180 180 Louisiana 1,686 1,591 1,500 1,520 Texas 173 145 122 122 Imports 3,224 3,706 3,336 3,471 TRQ 3/ 957 1,302 1,378 1,479 Other Program 4/ 136 269 400 400 Other 5/ 2,131 2,135 1,559 1,592 Mexico 2,124 2,130 1,549 1,582 Total Supply 14,184 14,321 13,689 13,729 Exports 274 307 250 250 Deliveries 11,752 12,218 11,885 11,994 Food 6/ 11,487 11,791 11,750 11,859 Other 7/ 265 427 135 135 Miscellaneous 0000 Total Use 12,026 12,525 12,135 12,244 Ending Stocks 8/ 2,158 1,796 1,554 1,485 Stocks to Use Ratio 17.9 14.3 12.8 12.1 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2013/14 and 2014/15 are based on Crop Production and processor projections where appropriate. 3/ For 2014/15, WTO raw sugar TRQ shortfall (99). For 2013/14, WTO raw sugar TRQ shortfall (237). 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ For 2012/13, other high-tier (7) and other (0). For 2013/14, other high-tier (5) and other (0). For 201 4/15, other high-tier (10) and other (0). 6/Combines SMD deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar-containing products for re-export, and for nonedible alcohol, feed, and ethanol. 8/ For 2012/13, includes 316,415 short tons, raw value, of stocks held by the Commodity Credit Corporation. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ ExportsEnding Stocks Sugar 1,000 Metric Tons, Actual Weight 2013/14 Est. Oct 1,460 6,021 130 4,428 2,498 685 2013/14 Est. Nov 1,460 6,021 129 4,285 2,494 831 2014/15 Proj. Oct 685 6,140 399 4,638 1,650 936 2014/15 Proj. Nov 831 6,140 216 4,584 1,679 924 1/ HFCS imports by Mexico (1,000 metric tons, dry basis): Oct-Sep 2012/13 = 1,105; Oct-Sep 2013/14 = 913. Footnote source: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes domestic consumption, Mexico's products export program (IMMEX), and any residual statistical discrepancies. IMMEX: 2013/14 (283 est), 2014/15 (384 proj). Statistica l Adjustment: 2013/14 (-95), 2014/15 (0). November 2014 WASDE - 535 - 17 U.S. Cotton Supply and Use 1/ 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Oct Nov Filler Filler Filler Filler Filler Area Million Acres Planted 12.26 10.41 11.01 11.01 Harvested 9.32 7.54 9.88 9.88 Filler Pounds Yield per Harvested Acre 892 821 790 797 Million 480 Pound Bales Beginning Stocks 3.35 3.80 2.45 2.45 Production 17.31 12.91 16.26 16.40 Imports 0.01 0.01 0.01 0.01 Supply, Total 20.67 16.72 18.72 18.86 Domestic Use 3.50 3.55 3.80 3.80 Exports, Total 13.03 10.53 10.00 10.00 Use, Total 16.53 14.08 13.80 13.80 Unaccounted 2/ 0.35 0.19 0.02 -0.04 Ending Stocks 3.80 2.45 4.90 5.10 Avg. Farm Price 3/ 72.5 77.9 55.0 - 65.0 56.0 - 64.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. November 2014 WASDE - 535 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 196.16 657.94 144.22 137.09 679.35 137.36 174.76 United States 20.21 61.30 3.34 10.07 37.77 27.54 19.54 Total Foreign 175.95 596.64 140.87 127.03 641.58 109.82 155.22 Major Exporters 4/ 27.23 193.21 5.91 59.06 141.79 63.85 20.71 Argentina 0.73 9.30 0.00 0.30 6.20 3.55 0.29 Australia 7.05 22.86 0.14 3.40 6.74 18.66 4.65 Canada 5.93 27.21 0.48 4.36 9.60 18.97 5.05 European Union 5/ 13.52 133.85 5.28 51.00 119.25 22.68 10.72 Major Importers 6/ 87.64 187.29 79.47 35.39 264.78 6.47 83.14 Brazil 1.75 4.38 7.36 0.20 10.90 1.58 1.00 China 55.95 121.02 2.96 25.00 125.00 0.97 53.96 Sel. Mideast 7/ 5.14 17.18 20.86 2.75 34.33 0.69 8.16 N. Africa 8/ 14.09 17.32 22.06 2.38 41.42 0.61 11.44 Pakistan 4.02 23.30 0.05 0.60 23.90 0.85 2.62 Southeast Asia 9/ 4.65 0.00 15.76 2.84 15.51 0.77 4.14 Selected Other 0.00 India 19.95 94.88 0.02 3.40 83.82 6.82 24.20 FSU-12 26.01 77.80 7.23 21.53 71.73 25.38 13.94 Russia 10.90 37.72 1.17 11.90 33.55 11.29 4.95 Kazakhstan 6.18 9.84 0.01 2.00 6.80 6.29 2.94 Ukraine 5.36 15.76 0.05 3.10 11.40 7.19 2.58 2013/14 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 174.76 714.74 156.59 130.22 703.78 165.81 185.72 United States 19.54 58.11 4.59 6.19 34.17 32.01 16.05 Total Foreign 155.22 656.63 152.00 124.03 669.60 133.79 169.68 Major Exporters 4/ 20.71 218.15 4.58 56.46 138.72 75.98 28.74 Argentina 0.29 10.50 0.01 0.10 6.05 2.20 2.54 Australia 4.65 27.01 0.15 3.60 6.95 18.62 6.25 Canada 5.05 37.50 0.45 4.76 9.97 23.24 9.80 European Union 5/ 10.72 143.13 3.98 48.00 115.75 31.93 10.16 Major Importers 6/ 83.14 194.06 87.31 32.40 265.62 5.28 93.61 Brazil 1.00 5.30 7.07 0.60 11.40 0.10 1.87 China 53.96 121.93 6.77 21.00 121.50 0.89 60.27 Sel. Mideast 7/ 8.16 18.92 20.69 3.72 37.01 0.58 10.18 N. Africa 8/ 11.44 19.72 25.24 2.68 42.42 0.50 13.48 Pakistan 2.62 24.00 0.39 0.60 24.10 0.75 2.16 Southeast Asia 9/ 4.14 0.00 16.40 2.46 15.64 0.88 4.03 Selected Other 0.00 India 24.20 93.51 0.03 4.80 94.01 5.90 17.83 FSU-12 13.94 103.87 7.39 22.85 73.08 37.10 15.02 Russia 4.95 52.09 0.80 12.50 34.10 18.53 5.21 Kazakhstan 2.94 13.94 0.01 2.00 6.80 8.10 1.99 Ukraine 2.58 22.28 0.07 3.40 11.50 9.76 3.67 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to re flect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeas t Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2014 WASDE - 535 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Oct 185.58 721.12 154.72 140.31 714.11 156.02 192.59 Nov 185.72 719.86 153.44 139.87 712.69 154.92 192.90 United States Oct 16.05 55.39 4.63 4.90 33.09 25.17 17.80 Nov 16.05 55.13 4.63 4.90 33.09 25.17 17.53 Total Foreign Oct 169.53 665.72 150.10 135.42 681.01 130.85 174.79 Nov 169.68 664.73 148.82 134.97 679.59 129.75 175.37 Major Exporters 4/ Oct 28.36 218.48 5.64 65.50 148.70 74.50 29.27 Nov 28.74 218.90 5.64 65.50 148.78 73.50 31.00 Argentina Oct 2.54 12.00 0.01 0.10 6.15 6.00 2.40 Nov 2.54 12.00 0.01 0.10 6.15 6.00 2.40 Australia Oct 5.87 25.00 0.15 3.40 6.80 18.50 5.72 Nov 6.25 24.00 0.15 3.40 6.80 17.50 6.10 Canada Oct 9.80 27.50 0.48 4.50 9.75 22.00 6.03 Nov 9.80 27.50 0.48 4.50 9.83 22.00 5.95 European Union 5/ Oct 10.16 153.98 5.00 57.50 126.00 28.00 15.13 Nov 10.16 155.40 5.00 57.50 126.00 28.00 16.56 Major Importers 6/ Oct 93.86 196.88 82.28 34.44 271.39 6.34 95.29 Nov 93.61 196.14 81.38 34.60 270.19 6.34 94.60 Brazil Oct 1.80 6.30 6.50 0.60 11.90 1.00 1.70 Nov 1.87 6.30 7.00 1.00 12.30 1.00 1.87 China Oct 60.27 126.00 2.00 23.00 124.00 1.00 63.27 Nov 60.27 126.00 1.70 23.00 124.00 1.00 62.97 Sel. Mideast 7/ Oct 10.18 17.53 21.13 4.01 37.63 0.53 10.68 Nov 10.18 17.53 21.13 4.02 37.64 0.53 10.67 N. Africa 8/ Oct 13.48 17.45 24.35 2.38 43.15 0.48 11.66 Nov 13.48 16.80 23.25 1.98 41.45 0.48 11.61 Pakistan Oct 2.16 25.00 1.00 1.20 25.10 0.70 2.36 Nov 2.16 25.00 0.70 1.20 25.10 0.70 2.06 Southeast Asia 9/ Oct 3.94 0.00 17.00 2.46 16.46 0.84 3.65 Nov 4.03 0.00 17.00 2.51 16.46 0.84 3.74 Selected Other India Oct 17.83 95.91 0.02 4.50 94.46 3.00 16.30 Nov 17.83 95.91 0.05 4.50 94.49 3.00 16.30 FSU-12 Oct 15.12 111.60 7.19 24.58 75.16 38.54 20.21 Nov 15.02 111.10 6.89 24.28 75.06 38.34 19.60 Russia Oct 5.31 59.00 0.50 13.00 34.80 22.50 7.51 Nov 5.21 59.00 0.20 13.00 35.00 22.50 6.91 Kazakhstan Oct 1.99 12.50 0.01 2.00 6.80 5.50 2.19 Nov 1.99 12.00 0.20 1.90 6.70 5.30 2.19 Ukraine Oct 3.67 24.50 0.05 4.00 12.00 10.00 6.22 Nov 3.67 24.50 0.05 4.00 12.00 10.00 6.22 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to re flect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeas t Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2014 WASDE - 535 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 168.53 1,136.26 128.76 669. 52 1,135.97 122.88 168.82 United States 27.82 285.31 6.64 115.03 275.54 20.70 23.53 Total Foreign 140.71 850.94 122.12 554.49 860.43 102.18 145.29 Major Exporters 4/ 19.38 170.21 1.97 76.93 105.23 62.11 24.22 Argentina 1.34 37.25 0.00 7.79 12.05 24.05 2.48 Australia 0.94 11.41 0.00 3.91 5.49 6.02 0.85 Brazil 9.82 84.25 1.27 47.05 55.80 24.98 14.56 Canada 3.39 24.43 0.51 12.97 20.26 4.99 3.08 Major Importers 5/ 38.88 227.34 92.10 238.36 317.44 8.10 32.78 European Union 6/ 15.58 145.89 11.84 113.68 153.10 7.36 12.85 Japan 1.09 0.18 17.74 13.22 18.03 0.00 0.98 Mexico 1.86 28.88 7.60 19.33 36.20 0.52 1.62 N. Afr & Mideast 7/ 12.56 26.48 23.53 45.85 53.03 0.13 9.41 Saudi Arabia 3.21 0.36 10.74 10.50 10.93 0.00 3.39 Southeast Asia 8/ 2.64 25.27 7.98 25.06 32.97 0.09 2.83 South Korea 1.54 0.21 8.27 6.53 8.71 0.00 1.31 Selected Other 0.00 China 60.37 212.19 5.60 146.05 209.67 0.11 68.39 FSU-12 6.16 68.22 0.73 35.55 50.21 19.87 5.04 Russia 1.81 28.66 0.34 16.40 25.13 4.30 1.38 Ukraine 2.42 29.53 0.05 10.93 14.66 15.00 2.33 2013/14 Est. Beginnin g Stock s Productio n Import sDomesti c FeedDomesti c Total 2/ Export s Endin g Stock s World 3/ 168.82 1,280.30 155.12 739. 36 1,239.10 163.30 210.02 United States 23.53 369.45 3.23 135.87 307.38 54.42 34.41 Total Foreign 145.29 910.86 151.89 603.50 931.72 108.88 175.62 Major Exporters 4/ 24.22 173.33 1.87 82.05 112.11 56.31 31.00 Argentina 2.48 34.47 0.01 8.74 13.50 19.51 3.95 Australia 0.85 12.37 0.00 3.84 5.51 7.08 0.63 Brazil 14.56 82.41 1.20 48.58 58.38 21.52 18.28 Canada 3.08 28.74 0.54 15.39 22.57 5.19 4.60 Major Importers 5/ 32.78 248.44 112.70 257.39 339.79 10.84 43.30 European Union 6/ 12.85 158.43 16.32 121.88 163.60 8.63 15.37 Japan 0.98 0.18 17.60 12.98 17.79 0.00 0.97 Mexico 1.62 32.10 11.31 23.62 40.89 0.55 3.60 N. Afr & Mideast 7/ 9.41 30.22 29.87 49.10 56.61 0.31 12.58 Saudi Arabia 3.39 0.36 12.10 10.93 11.35 0.00 4.50 Southeast Asia 8/ 2.83 26.84 10.44 26.86 34.96 1.35 3.81 South Korea 1.31 0.21 10.50 7.85 10.12 0.00 1.90 Selected Other 0.00 China 68.39 225.07 12.45 161.78 227.60 0.03 78.27 FSU-12 5.04 87.63 0.73 40.12 55.98 30.62 6.79 Russia 1.38 35.74 0.21 18.80 28.52 6.86 1.95 Ukraine 2.33 39.92 0.08 12.32 16.23 22.76 3.33 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixe d grains (for U .S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to di fferences in marketing years, grain in transit, and reporting discrepancies in som e countries. 4/ Argentina, Australia, Canada, Brazil, and South Afri ca. 5/ The European Union, Mexico, Japan, selected North Africa and Mid dle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Phili ppines, Thailand, and Vietnam. November 2014 WASDE - 535 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Oct 209.83 1,272.39 144.05 756. 07 1,256.25 147.93 225.97 Nov 210.02 1,273.77 143.30 757. 11 1,255.14 147.61 228.65 United States Oct 34.41 383.06 3.35 141.90 314.77 50.29 55.76 Nov 34.41 381.37 3.35 141.92 314.66 50.55 53.92 Total Foreign Oct 175.43 889.32 140.70 614.17 941.48 97.64 170.21 Nov 175.62 892.40 139.95 615.20 940.49 97.07 174.73 Major Exporters 4/ Oct 31.71 156.28 2.06 82.25 112.84 48.07 29.15 Nov 31.00 155.78 2.06 82.25 112.84 46.79 29.21 Argentina Oct 4.66 31.12 0.01 9.17 14.13 17.21 4.45 Nov 3.95 30.62 0.01 9.17 14.13 16.21 4.24 Australia Oct 0.63 11.21 0.00 4.16 5.84 5.33 0.68 Nov 0.63 11.21 0.00 4.16 5.84 5.35 0.65 Brazil Oct 18.28 78.11 1.21 50.08 59.90 20.01 17.69 Nov 18.28 78.11 1.21 50.08 59.90 19.51 18.18 Canada Oct 4.60 21.75 0.74 13.12 20.52 3.30 3.26 Nov 4.60 21.75 0.74 13.12 20.52 3.50 3.06 Major Importers 5/ Oct 41.99 247.15 101.79 257.24 340.80 10.46 39.67 Nov 43.30 252.02 100.84 259.04 342.60 10.46 43.10 European Union 6/ Oct 15.37 163.74 7.16 117.45 159.67 9.41 17.19 Nov 15.37 167.09 6.21 118.35 160.57 9.41 18.70 Japan Oct 0.96 0.18 18.40 13.79 18.60 0.00 0.94 Nov 0.97 0.18 18.29 13.68 18.49 0.00 0.95 Mexico Oct 2.60 30.14 11.40 23.42 40.94 0.50 2.70 Nov 3.60 31.34 11.20 24.42 41.94 0.50 3.70 N. Afr & Mideast 7/ Oct 12.41 24.89 31.16 51.26 59.02 0.11 9.32 Nov 12.58 25.19 31.37 51.07 58.83 0.11 10.19 Saudi Arabia Oct 4.69 0.35 10.50 11.20 11.68 0.00 3.86 Nov 4.50 0.36 10.50 11.20 11.68 0.00 3.69 Southeast Asia 8/ Oct 3.61 27.51 9.24 27.99 36.19 0.44 3.73 Nov 3.81 27.51 9.24 27.99 36.19 0.44 3.93 South Korea Oct 1.79 0.21 9.59 7.85 10.12 0.00 1.47 Nov 1.90 0.21 9.69 8.05 10.32 0.00 1.48 Selected Other China Oct 78.54 223.65 11.40 166.85 235.00 0.13 78.47 Nov 78.27 220.65 11.73 165.78 231.83 0.13 78.69 FSU-12 Oct 6.80 87.87 0.78 43.56 59.72 28.15 7.58 Nov 6.79 89.77 0.78 43.96 60.12 28.85 8.38 Russia Oct 1.95 40.50 0.18 22.10 32.30 7.41 2.91 Nov 1.95 40.50 0.18 22.10 32.30 7.41 2.91 Ukraine Oct 3.33 35.79 0.06 12.33 16.06 19.96 3.16 Nov 3.33 37.79 0.06 12.83 16.56 20.66 3.96 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixe d grains (for U .S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing year s, grain in transit, and reportin g discrepancies in some countr ies. 4/ Argentina, Australia, Canada, Brazil, and S outh Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trad e. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Sy ria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2014 WASDE - 535 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 /ExportsEnding Stocks World 3/ 134.51 867.97 99.42 518.77 864.70 95.16 137.78 United States 25.12 273.19 4.06 109.60 262.97 18.55 20.86 Total Foreign 109.39 594.77 95.35 409.17 601.72 76.61 116.93 Major Exporters 4/ 13.79 120.87 0.97 54.90 71.40 45.69 18.53 Argentina 0.90 27.00 0.00 5.30 7.90 18.69 1.32 Brazil 9.21 81.50 0.89 44.50 52.50 24.95 14.15 South Africa 3.68 12.37 0.08 5.10 11.00 2.06 3.06 Major Importers 5/ 15.34 111.62 56.86 119.58 168.81 2.82 12.20 Egypt 2.22 5.80 5.06 10.00 12.00 0.01 1.07 European Union 6/ 6.67 58.87 11.35 53.00 69.60 2.19 5.09 Japan 0.61 0.00 14.41 10.00 14.50 0.00 0.52 Mexico 1.32 21.59 5.68 11.00 27.00 0.52 1.06 Southeast Asia 7/ 2.64 25.22 7.96 25.00 32.90 0.09 2.82 South Korea 1.48 0.08 8.17 6.48 8.48 0.00 1.26 Selected Other 0.00 Canada 1.37 13.06 0.48 6.28 11.61 1.75 1.55 China 59.34 205.61 2.70 144.00 200.00 0.08 67.57 FSU-12 2.45 32.31 0.34 15.52 18.09 15.00 2.00 Ukraine 1.05 20.92 0.04 6.80 8.10 12.73 1.19 2013/14 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ ExportsEnding Stocks World 3/ 137.78 989.19 122.19 576.07 953.98 129.93 172.99 United States 20.86 353.72 0.91 130.36 295.39 48.70 31.39 Total Foreign 116.93 635.47 121.28 445.71 658.59 81.23 141.60 Major Exporters 4/ 18.53 119.05 0.83 57.20 75.20 40.00 23.21 Argentina 1.32 25.00 0.01 5.80 8.70 15.50 2.12 Brazil 14.15 79.30 0.80 46.00 55.00 21.50 17.75 South Africa 3.06 14.75 0.03 5.40 11.50 3.00 3.34 Major Importers 5/ 12.20 119.92 75.81 133.00 185.13 4.29 18.51 Egypt 1.07 5.80 8.50 11.00 13.20 0.01 2.16 European Union 6/ 5.09 64.19 16.00 57.50 76.00 2.40 6.88 Japan 0.52 0.00 15.12 10.60 15.10 0.00 0.55 Mexico 1.06 22.96 10.95 15.20 31.70 0.55 2.73 Southeast Asia 7/ 2.82 26.79 10.43 26.80 34.90 1.33 3.80 South Korea 1.26 0.08 10.41 7.80 9.90 0.00 1.85 Selected Other 0.00 Canada 1.55 14.20 0.50 7.63 12.81 1.85 1.59 China 67.57 218.49 3.28 154.00 212.00 0.02 77.32 FSU-12 2.00 46.90 0.42 18.67 21.44 24.55 3.33 Ukraine 1.19 30.90 0.05 8.50 9.90 20.00 2.24 1/ Aggregate of local marketing year s. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepa ncies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2014 WASDE - 535 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Oct 173.00 990.69 111.72 596.19 973.11 114.09 190.58 Nov 172.99 990.32 110.30 596.69 971.81 113.09 191.50 United States Oct 31.39 367.68 0.64 136.53 302.40 44.45 52.85 Nov 31.39 365.97 0.64 136.53 302.53 44.45 51.01 Total Foreign Oct 141.61 623.01 111.09 459.66 670.70 69.64 137.73 Nov 141.60 624.36 109.66 460.16 669.28 68.64 140.50 Major Exporters 4/ Oct 23.91 111.50 0.84 59.20 77.50 36.20 22.55 Nov 23.21 111.50 0.84 59.20 77.50 34.70 23.34 Argentina Oct 2.83 23.00 0.01 6.10 9.20 14.00 2.64 Nov 2.12 23.00 0.01 6.10 9.20 13.00 2.93 Brazil Oct 17.75 75.00 0.80 47.50 56.50 20.00 17.05 Nov 17.75 75.00 0.80 47.50 56.50 19.50 17.55 South Africa Oct 3.34 13.50 0.03 5.60 11.80 2.20 2.86 Nov 3.34 13.50 0.03 5.60 11.80 2.20 2.86 Major Importers 5/ Oct 17.57 126.94 63.80 134.90 187.98 3.45 16.89 Nov 18.51 129.48 62.80 136.50 189.58 3.45 17.77 filler filler filler filler filler filler filler Egypt Oct 2.16 5.75 7.50 11.50 13.80 0.01 1.60 Nov 2.16 5.75 7.50 11.50 13.80 0.01 1.60 European Union 6/ Oct 6.88 71.02 7.00 56.50 75.50 2.50 6.90 Nov 6.88 73.05 6.00 57.50 76.50 2.50 6.93 Japan Oct 0.52 0.00 15.50 11.00 15.50 0.00 0.53 Nov 0.55 0.00 15.40 10.90 15.40 0.00 0.55 Mexico Oct 2.11 22.50 10.90 16.00 32.75 0.50 2.26 Nov 2.73 23.00 10.90 16.50 33.25 0.50 2.88 Southeast Asia 7/ Oct 3.60 27.46 9.20 27.90 36.10 0.44 3.72 Nov 3.80 27.46 9.20 27.90 36.10 0.44 3.92 South Korea Oct 1.74 0.08 9.50 7.80 9.90 0.00 1.42 Nov 1.85 0.08 9.60 8.00 10.10 0.00 1.42 Selected Other Canada Oct 1.59 11.50 0.70 6.60 12.00 0.50 1.29 Nov 1.59 11.50 0.70 6.60 12.00 0.50 1.29 China Oct 77.44 217.00 3.00 160.00 220.00 0.10 77.34 Nov 77.32 214.00 2.50 158.00 216.00 0.10 77.72 FSU-12 Oct 3.33 40.66 0.42 19.29 22.16 19.34 2.91 Nov 3.33 42.66 0.42 20.29 23.16 19.84 3.41 Ukraine Oct 2.24 25.00 0.05 8.00 9.40 16.00 1.89 Nov 2.24 27.00 0.05 9.00 10.40 16.50 2.39 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2014 WASDE - 535 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ 106.80 471.88 36.38 468.63 39.25 110.05 United States 1.30 6.35 0.67 3.78 3.39 1.16 Total Foreign 105.50 465.53 35.71 464.86 35.87 108.89 Major Exporters 4/ 36.81 158.78 0.75 128.85 27.87 39.61 India 25.10 105.24 0.00 94.03 10.87 25.44 Pakistan 0.55 5.80 0.05 2.32 3.58 0.50 Thailand 9.33 20.20 0.60 10.60 6.72 12.81 Vietnam 1.83 27.54 0.10 21.90 6.70 0.86 Major Importers 5/ 12.90 62.61 13.13 75.45 1.07 12.12 Brazil 0.54 8.04 0.64 7.85 0.84 0.53 European Union 6/ 1.12 2.10 1.40 3.25 0.20 1.16 Indonesia 7.40 36.55 0.65 38.13 0.00 6.48 Nigeria 1.02 2.37 2.80 5.30 0.00 0.89 Philippines 1.51 11.43 1.40 12.85 0.00 1.49 Sel. Mideast 7/ 0.97 1.65 4.84 6.05 0.00 1.40 Selected Other 0.00 Burma 0.40 11.72 0.00 10.40 1.16 0.55 C. Amer & Carib 8/ 0.43 1.65 1.42 3.14 0.01 0.35 China 45.02 143.00 3.14 144.00 0.34 46.83 Egypt 0.49 4.68 0.02 4.05 0.70 0.43 Japan 2.75 7.76 0.69 8.25 0.20 2.74 Mexico 0.15 0.13 0.74 0.84 0.00 0.19 South Korea 0.76 4.01 0.51 4.49 0.00 0.78 2013/14 Est. Beginning Stocks Productio n ImportsTotal /2 Domestic ExportsEnding Stocks World 3/ 110.05 476.37 38.95 479.96 41.78 106.46 United States 1.16 6.12 0.73 4.00 2.99 1.03 Total Foreign 108.89 470.25 38.22 475.96 38.80 105.43 Major Exporters 4/ 39.61 161.70 0.63 134.69 31.00 36.26 India 25.44 106.54 0.00 99.18 10.30 22.50 Pakistan 0.50 6.70 0.03 2.63 3.90 0.70 Thailand 12.81 20.46 0.30 10.88 10.30 12.39 Vietnam 0.86 28.00 0.30 22.00 6.50 0.66 Major Importers 5/ 12.12 63.22 13.98 76.75 1.18 11.39 Brazil 0.53 8.30 0.70 7.90 0.90 0.73 European Union 6/ 1.16 1.94 1.53 3.23 0.25 1.16 Indonesia 6.48 36.00 1.40 38.50 0.00 5.38 Nigeria 0.89 2.77 3.00 6.00 0.00 0.66 Philippines 1.49 11.86 1.45 12.85 0.00 1.95 Sel. Mideast 7/ 1.40 1.83 4.33 6.20 0.00 1.36 Selected Other 0.00 Burma 0.55 11.96 0.00 10.50 1.30 0.71 C. Amer & Carib 8/ 0.35 1.72 1.56 3.27 0.01 0.33 China 46.83 142.53 3.90 146.30 0.26 46.70 Egypt 0.43 4.75 0.03 4.00 0.60 0.60 Japan 2.74 7.83 0.64 8.25 0.20 2.76 Mexico 0.19 0.13 0.70 0.86 0.00 0.16 South Korea 0.78 4.23 0.31 4.46 0.00 0.86 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World impo rts and exports may not balance due to differen ces in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, H ong Kong, Cote d'Ivoire, Nigeria, Philippines, s elected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Centra l American and Caribbean countries. November 2014 WASDE - 535 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ Oct 110.45 475.48 38.86 481.69 41.15 104.24 Nov 106.46 475.05 39.05 482.95 41.53 98.56 United States Oct 1.03 7.06 0.67 4.19 3.26 1.30 filler filler filler filler filler filler Nov 1.03 7.07 0.67 4.19 3.26 1.31 Total Foreign Oct 109.43 468.42 38.19 477.50 37.88 102.95 filler filler filler filler filler filler Nov 105.43 467.98 38.38 478.76 38.27 97.25 Major Exporters 4/ Oct 40.54 157.20 0.73 133.10 29.30 36.07 Nov 36.26 157.20 0.73 134.50 30.10 29.59 India Oct 25.48 102.00 0.00 98.00 8.70 20.78 Nov 22.50 102.00 0.00 99.00 8.70 16.80 filler filler filler filler filler filler Pakistan Oct 0.70 6.50 0.03 2.70 3.90 0.63 Nov 0.70 6.50 0.03 2.70 3.90 0.63 Thailand Oct 13.19 20.50 0.30 10.90 10.00 13.09 Nov 12.39 20.50 0.30 10.90 10.80 11.49 Vietnam Oct 1.16 28.20 0.40 21.50 6.70 1.56 Nov 0.66 28.20 0.40 21.90 6.70 0.66 Major Importers 5/ Oct 11.26 64.43 14.30 78.10 1.12 10.77 Nov 11.39 64.43 14.40 78.13 1.15 10.94 Brazil Oct 0.73 8.35 0.70 7.90 0.90 0.98 filler filler filler filler filler filler Nov 0.73 8.35 0.70 7.90 0.90 0.98 European Union 6/ Oct 1.03 1.95 1.40 3.20 0.19 0.99 Nov 1.16 1.95 1.50 3.23 0.22 1.16 Indonesia Oct 5.38 37.00 1.00 39.20 0.00 4.18 Nov 5.38 37.00 1.00 39.20 0.00 4.18 Nigeria Oct 0.66 2.55 3.50 6.10 0.00 0.61 Nov 0.66 2.55 3.50 6.10 0.00 0.61 Philippines Oct 1.95 12.20 1.60 13.20 0.00 2.55 Nov 1.95 12.20 1.60 13.20 0.00 2.55 Sel. Mideast 7/ Oct 1.36 1.85 4.48 6.38 0.00 1.31 Nov 1.36 1.85 4.48 6.38 0.00 1.31 Selected Other Burma Oct 0.71 12.15 0.00 11.00 1.30 0.56 Nov 0.71 12.15 0.00 11.00 1.30 0.56 C. Amer & Carib 8/ Oct 0.33 1.75 1.55 3.29 0.01 0.33 Nov 0.33 1.75 1.55 3.29 0.01 0.33 China Oct 46.70 144.00 3.70 148.00 0.35 46.05 Nov 46.70 144.00 3.90 148.00 0.35 46.25 Egypt Oct 0.53 4.90 0.06 4.10 0.88 0.52 Nov 0.60 4.50 0.03 4.00 0.50 0.63 Japan Oct 2.82 7.70 0.70 8.20 0.20 2.82 Nov 2.76 7.70 0.70 8.20 0.20 2.76 Mexico Oct 0.18 0.13 0.78 0.89 0.00 0.19 Nov 0.16 0.15 0.78 0.89 0.00 0.19 South Korea Oct 0.78 4.05 0.41 4.59 0.00 0.65 Nov 0.86 4.18 0.41 4.45 0.00 1.00 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic in cludes both domestic use and unrep orted disappearance. 3/ World imports and exports may not balance due to differences in some c ountries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, a nd Saudi Arabia. 8/ Central Am erican and Caribbean countries. November 2014 WASDE - 535 - 26 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2012/13 Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World 73.70 123.56 46.18 107.58 46.67 -0.83 90.01 United States 3.35 17.31 0.01 3.50 13.03 0.35 3.80 Total Foreign 70.35 106.25 46.17 104.08 33.64 -1.18 86.21 Major Exporters 4/ 29.11 53.40 1.60 30.63 29.11 -1.32 25.69 Central Asia 5/ 3.09 7.27 3 / 2.33 5.32 0.00 2.71 Afr. Fr. Zone 6/ 1.14 4.21 3 / 0.16 4.11 0.00 1.08 S. Hemis 7/ 13.55 12.21 0.17 5.17 11.49 -0.33 9.60 Australia 3.81 4.60 3 / 0.04 6.17 -0.20 2.40 Brazil 7.99 6.00 0.07 4.10 4.31 -0.15 5.80 India 10.87 28.50 1.20 21.85 7.75 -1.00 11.97 Major Importers 8/ 39.19 49.63 41.83 69.14 2.71 0.14 58.67 Mexico 0.71 1.04 0.95 1.80 0.23 0.03 0.65 China 31.08 35.00 20.33 36.00 0.05 0.00 50.36 European Union 9/ 0.69 1.49 0.92 0.92 1.58 0.05 0.56 Turkey 1.24 2.65 3.69 6.05 0.22 0.00 1.32 Pakistan 2.84 9.30 1.80 10.75 0.45 0.03 2.71 Indonesia 0.53 0.03 3.00 2.95 0.01 0.00 0.60 Thailand 0.26 3 / 1.51 1.48 0.01 0.03 0.27 Bangladesh 0.87 0.11 3.90 3.90 0.00 0.01 0.97 Vietnam 0.32 0.02 2.41 2.25 0.00 0.00 0.49 2013/14 Est. Beginning Stocks Productio n ImportsDomestic Use ExportsLoss /2 Ending Stocks World 90.01 120.31 40.67 109.07 40.94 -0.49 101.48 United States 3.80 12.91 0.01 3.55 10.53 0.19 2.45 Total Foreign 86.21 107.40 40.66 105.52 30.41 -0.69 99.03 Major Exporters 4/ 25.69 56.87 1.38 32.36 26.05 -0.83 26.36 Central Asia 5/ 2.71 6.55 3 / 2.41 4.33 0.00 2.52 Afr. Fr. Zone 6/ 1.08 4.34 3 / 0.16 4.09 0.00 1.17 S. Hemis 7/ 9.60 13.95 0.23 5.30 7.83 -0.34 10.99 Australia 2.40 4.10 3 / 0.04 4.85 -0.20 1.81 Brazil 5.80 8.00 0.15 4.20 2.23 -0.15 7.67 India 11.97 31.00 0.75 23.50 9.40 -0.50 11.32 Major Importers 8/ 58.67 47.23 36.32 68.76 2.55 0.14 70.78 Mexico 0.65 0.92 1.04 1.85 0.16 0.03 0.58 China 50.36 32.75 14.12 34.50 0.03 0.00 62.71 European Union 9/ 0.56 1.60 0.87 0.90 1.51 0.05 0.56 Turkey 1.32 2.30 4.25 6.30 0.20 0.00 1.36 Pakistan 2.71 9.50 1.20 10.40 0.51 0.03 2.48 Indonesia 0.60 0.03 3.00 3.05 0.01 0.00 0.57 Thailand 0.27 3 / 1.55 1.50 0.00 0.03 0.29 Bangladesh 0.97 0.12 4.10 4.15 0.00 0.01 1.02 Vietnam 0.49 0.02 3.20 3.20 0.00 0.00 0.51 1/ Marketing year beginning August 1. To tals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, r eflects the difference between implicit stocks base d on supply less total use and indicated endi ng stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central Afri can Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentin a, Australia, Brazil, Paraguay, South Africa, Ta nzania, and Zimbabwe. 8/ In addition to the countries and regions lis ted, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. November 2014 WASDE - 535 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2014/15 Proj. Beginning Stocks Production Imports Domestic UseExports Loss /2 Ending Stocks World Oct 101.31 119.37 34.39 113.68 34.40 -0.12 107.11 Nov 101.48 119.61 34.35 113.85 34.35 -0.13 107.36 United States Oct 2.45 16.26 0.01 3.80 10.00 0.02 4.90 Nov 2.45 16.40 0.01 3.80 10.00 -0.04 5.10 Total Foreign Oct 98.86 103.12 34.38 109.88 24.40 -0.14 102.21 Nov 99.03 103.21 34.34 110.05 24.35 -0.09 102.26 filler filler filler filler filler filler filler Major Exporters 4/ Oct 26.36 53.82 1.31 33.09 20.03 -0.28 28.65 Nov 26.36 53.75 1.31 33.09 20.03 -0.23 28.52 Central Asia 5/ Oct 2.52 6.46 3 / 2.35 3.60 0.00 3.04 Nov 2.52 6.34 3 / 2.35 3.60 0.00 2.91 Afr. Fr. Zone 6/ Oct 1.15 4.51 3 / 0.15 3.81 0.00 1.70 Nov 1.17 4.66 3 / 0.15 4.01 0.00 1.67 S. Hemis 7/ Oct 11.01 11.03 0.16 5.19 7.35 -0.29 9.94 Nov 10.99 10.93 0.16 5.19 7.15 -0.24 9.97 Australia Oct 1.81 2.30 3 / 0.04 3.20 -0.15 1.02 Nov 1.81 2.20 3 / 0.04 3.00 -0.10 1.07 Brazil Oct 7.67 7.00 0.08 4.10 3.40 -0.15 7.39 Nov 7.67 7.00 0.08 4.10 3.40 -0.15 7.39 India Oct 11.32 31.00 0.80 24.50 5.00 0.00 13.62 Nov 11.32 31.00 0.80 24.50 5.00 0.00 13.62 filler filler filler filler filler filler filler Major Importers 8/ Oct 70.78 46.60 29.99 73.07 2.55 0.14 71.62 Nov 70.78 46.12 29.96 72.56 2.54 0.14 71.63 Mexico Oct 0.58 1.20 1.03 1.88 0.20 0.03 0.70 Nov 0.58 1.22 1.03 1.88 0.20 0.03 0.72 China Oct 62.71 30.50 7.00 38.00 0.05 0.00 62.16 Nov 62.71 30.00 7.00 37.50 0.05 0.00 62.16 European Union 9/ Oct 0.56 1.79 0.89 0.93 1.51 0.05 0.74 Nov 0.56 1.79 0.86 0.92 1.50 0.05 0.74 Turkey Oct 1.36 3.15 3.80 6.50 0.20 0.00 1.61 Nov 1.36 3.15 3.80 6.50 0.20 0.00 1.61 Pakistan Oct 2.48 9.80 1.50 10.60 0.45 0.03 2.70 Nov 2.48 9.80 1.50 10.60 0.45 0.03 2.70 Indonesia Oct 0.57 0.03 3.10 3.05 0.01 0.00 0.64 Nov 0.57 0.03 3.10 3.05 0.01 0.00 0.64 Thailand Oct 0.29 3 / 1.58 1.50 0.01 0.03 0.34 Nov 0.29 3 / 1.58 1.50 0.01 0.03 0.34 Bangladesh Oct 1.02 0.12 4.45 4.35 0.00 0.01 1.23 Nov 1.02 0.12 4.45 4.35 0.00 0.01 1.23 Vietnam Oct 0.51 0.02 3.60 3.40 0.00 0.00 0.72 Nov 0.51 0.02 3.60 3.40 0.00 0.00 0.72 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, refl ects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenist an, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Paraguay, South Africa, Tanzania, an d Zimbabwe. 8/ In addition to the countries and regions list ed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. November 2014 WASDE - 535 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Domestic CrushDomestic TotalExports Ending Stocks World 2/ 53.40 268.06 95.89 229.60 260.53 100.54 56.28 United States 4.61 82.79 1.10 45.97 48.83 35.85 3.83 Total Foreign 48.79 185.27 94.79 183.63 211.70 64.69 52.46 Major Exporters 3/ 29.71 143.15 0.42 71.90 77.39 58.69 37.21 Argentina 16.30 49.30 0.00 33.61 36.05 7.74 21.81 Brazil 13.02 82.00 0.40 35.24 38.19 41.90 15.33 Paraguay 0.36 8.20 0.03 2.95 3.03 5.52 0.04 Major Importers 4/ 17.00 15.33 84.23 86.14 102.90 0.38 13.27 China 15.91 13.05 59.87 64.95 76.18 0.27 12.38 European Union 0.54 0.95 12.54 12.74 13.65 0.09 0.28 Japan 0.13 0.24 2.83 1.92 3.01 0.00 0.18 Mexico 0.13 0.25 3.41 3.65 3.69 0.00 0.10 2013/14 Est. Beginnin g Stock s Productio n Import sDomesti c Crus hDomesti c Total Export sEndin g Stock s World 2/ 56.28 285.01 110.29 239.55 272.00 112.73 66.85 United States 3.83 91.39 1.95 47.19 49.85 44.82 2.50 Total Foreign 52.46 193.62 108.34 192.36 222.15 67.91 64.35 Major Exporters 3/ 37.21 152.30 0.63 75.83 81.78 62.31 46.05 Argentina 21.81 54.00 0.00 36.18 38.97 7.84 29.00 Brazil 15.33 86.70 0.60 36.00 39.00 46.83 16.80 Paraguay 0.04 8.10 0.03 3.50 3.64 4.30 0.23 Major Importers 4/ 13.27 14.75 95.74 90.55 107.71 0.29 15.76 China 12.38 12.20 70.36 68.85 80.30 0.22 14.43 European Union 0.28 1.23 12.95 12.80 13.73 0.06 0.67 Japan 0.18 0.20 2.89 1.94 3.05 0.00 0.23 Mexico 0.10 0.25 3.70 3.90 3.94 0.00 0.12 2014/15 Proj. Beginnin g Stock s Productio n Import s Domesti c Crus hDomesti c Total Export s Endin g Stock s World 2/ Oct 66.49 311.20 112.50 251.48 284.33 115.20 90.67 Nov 66.85 312.06 112.72 251.92 285.82 115.54 90.28 United States Oct 2.50 106.87 0.41 48.17 51.26 46.27 12.26 Nov 2.50 107.73 0.41 48.44 51.57 46.81 12.25 Total Foreign Oct 63.99 204.33 112.09 203.31 233.07 68.93 78.41 Nov 64.35 204.33 112.31 203.47 234.24 68.73 78.03 Major Exporters 3/ Oct 46.73 160.60 0.63 80.50 85.91 62.70 59.35 Nov 46.05 160.60 0.63 79.45 85.86 62.40 59.02 Argentina Oct 29.68 55.00 0.00 39.10 41.20 8.50 34.98 Nov 29.00 55.00 0.00 38.05 41.15 8.20 34.65 Brazil Oct 16.80 94.00 0.60 37.60 40.75 46.70 23.95 Nov 16.80 94.00 0.60 37.60 40.75 46.70 23.95 Paraguay Oct 0.23 8.20 0.03 3.60 3.74 4.32 0.40 Nov 0.23 8.20 0.03 3.60 3.74 4.32 0.40 Major Importers 4/ Oct 14.61 14.75 100.19 95.82 113.34 0.39 15.82 Nov 15.76 14.75 100.10 96.87 114.29 0.39 15.93 China Oct 13.24 11.80 74.00 73.50 84.90 0.30 13.84 Nov 14.43 11.80 74.00 74.50 85.90 0.30 14.03 European Union Oct 0.64 1.58 12.75 12.76 13.79 0.07 1.10 Nov 0.67 1.58 12.75 12.80 13.83 0.07 1.09 Japan Oct 0.22 0.21 2.90 1.97 3.07 0.00 0.26 Nov 0.23 0.21 2.90 1.97 3.07 0.00 0.27 Mexico Oct 0.17 0.29 3.95 4.20 4.24 0.00 0.17 Nov 0.12 0.29 3.95 4.20 4.24 0.00 0.12 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October-September year. 2/ World i mports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paragu ay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). November 2014 WASDE - 535 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 9.93 180.85 53.85 177.30 57.84 9.49 United States 0.27 36.17 0.22 26.28 10.14 0.25 Total Foreign 9.65 144.67 53.63 151.02 47.70 9.24 Major Exporters 3/ 6.33 61.24 0.04 19.33 41.26 7.02 Argentina 2.92 26.09 0.00 1.60 23.67 3.74 Brazil 3.20 27.31 0.03 14.20 13.24 3.10 India 0.21 7.84 0.01 3.53 4.35 0.18 Major Importers 4/ 1.68 13.77 31.17 45.05 0.57 1.00 European Union 0.57 10.07 16.94 26.89 0.54 0.15 Southeast Asia 5/ 0.90 2.26 12.47 14.81 0.04 0.78 2013/14 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 9.49 188.18 57.43 185.20 59.62 10.27 United States 0.25 36.91 0.31 26.76 10.48 0.23 Total Foreign 9.24 151.27 57.13 158.45 49.15 10.05 Major Exporters 3/ 7.02 62.60 0.03 20.30 41.65 7.70 Argentina 3.74 27.95 0.00 1.80 24.96 4.93 Brazil 3.10 27.77 0.03 14.40 13.95 2.55 India 0.18 6.88 0.01 4.10 2.74 0.22 Major Importers 4/ 1.00 13.97 33.29 46.80 0.38 1.09 European Union 0.15 10.11 18.35 28.02 0.31 0.29 Southeast Asia 5/ 0.78 2.40 12.97 15.36 0.07 0.72 2014/15 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Oct 10.15 198.19 60.63 194.34 64.19 10.44 Nov 10.27 198.96 60.76 195.09 64.02 10.89 United States Oct 0.27 38.13 0.15 27.40 10.89 0.27 Nov 0.23 38.81 0.15 27.31 11.61 0.27 Total Foreign Oct 9.88 160.05 60.48 166.94 53.30 10.17 Nov 10.05 160.15 60.61 167.78 52.41 10.62 Major Exporters 3/ Oct 7.43 66.60 0.03 21.02 45.93 7.11 Nov 7.70 65.78 0.03 21.10 44.88 7.53 Argentina Oct 4.69 30.40 0.00 2.00 28.83 4.26 Nov 4.93 29.58 0.00 2.00 27.83 4.68 Brazil Oct 2.55 29.00 0.03 14.85 14.10 2.62 Nov 2.55 29.00 0.03 14.85 14.10 2.62 India Oct 0.19 7.20 0.01 4.17 3.00 0.23 Nov 0.22 7.20 0.01 4.25 2.95 0.23 Major Importers 4/ Oct 1.20 14.22 35.85 49.12 0.62 1.52 Nov 1.09 14.22 35.68 48.84 0.62 1.54 European Union Oct 0.40 10.08 19.80 29.16 0.55 0.56 Nov 0.29 10.08 19.80 29.04 0.55 0.57 Southeast Asia 5/ Oct 0.71 2.64 13.95 16.36 0.07 0.87 Nov 0.72 2.65 13.78 16.19 0.07 0.89 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia , and Japan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. November 2014 WASDE - 535 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 3.88 42.90 8.46 42.38 9.33 3.53 United States 1.15 8.99 0.09 8.48 0.98 0.77 Total Foreign 2.73 33.91 8.37 33.90 8.35 2.75 Major Exporters 3/ 0.89 15.44 0.40 9.46 6.51 0.76 Argentina 0.32 6.36 0.09 2.28 4.24 0.26 Brazil 0.42 6.76 0.01 5.53 1.25 0.40 European Union 0.15 2.32 0.30 1.65 1.01 0.10 Major Importers 4/ 1.08 13.79 3.88 17.18 0.16 1.40 China 0.62 11.63 1.41 12.55 0.08 1.02 India 0.36 1.75 1.09 2.95 0.00 0.25 North Africa 5/ 0.10 0.41 1.39 1.68 0.08 0.14 2013/14 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 3.53 44.61 9.19 45.11 9.22 3.00 United States 0.77 9.13 0.08 8.60 0.85 0.53 Total Foreign 2.75 35.48 9.11 36.51 8.36 2.47 Major Exporters 3/ 0.76 16.04 0.33 10.23 6.22 0.67 Argentina 0.26 6.80 0.01 2.73 4.09 0.25 Brazil 0.40 6.91 0.00 5.69 1.38 0.24 European Union 0.10 2.33 0.32 1.81 0.75 0.19 Major Importers 4/ 1.40 14.29 4.48 18.71 0.20 1.27 China 1.02 12.34 1.35 13.66 0.09 0.96 India 0.25 1.54 1.83 3.40 0.00 0.22 North Africa 5/ 0.14 0.42 1.30 1.65 0.11 0.10 2014/15 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Oct 3.00 46.88 9.09 46.26 9.49 3.23 Nov 3.00 46.95 9.15 46.48 9.52 3.10 United States Oct 0.60 9.27 0.07 8.30 0.95 0.69 Nov 0.53 9.33 0.07 8.37 0.95 0.61 Total Foreign Oct 2.40 37.61 9.02 37.96 8.53 2.54 Nov 2.47 37.62 9.08 38.11 8.57 2.49 Major Exporters 3/ Oct 0.54 17.00 0.31 10.83 6.42 0.58 Nov 0.67 16.80 0.30 10.69 6.42 0.67 Argentina Oct 0.18 7.47 0.01 3.09 4.35 0.20 Nov 0.25 7.26 0.00 2.94 4.35 0.22 Brazil Oct 0.24 7.22 0.00 5.94 1.27 0.24 Nov 0.24 7.22 0.00 5.94 1.27 0.24 European Union Oct 0.12 2.32 0.30 1.80 0.80 0.14 Nov 0.19 2.33 0.30 1.81 0.80 0.20 Major Importers 4/ Oct 1.30 15.23 4.24 19.30 0.17 1.30 Nov 1.27 15.41 4.32 19.59 0.18 1.23 China Oct 0.99 13.16 1.10 14.18 0.08 0.99 Nov 0.96 13.34 1.10 14.36 0.08 0.96 India Oct 0.17 1.61 1.70 3.30 0.00 0.18 Nov 0.22 1.61 1.85 3.50 0.00 0.18 North Africa 5/ Oct 0.15 0.46 1.44 1.82 0.09 0.13 Nov 0.10 0.46 1.37 1.73 0.10 0.09 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketi ng years and to time lags be tween reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Brazil an d European Union. 4/ Chin a, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. November 2014 WASDE - 535 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef PorkRed Mea t 2/Broile r Turkey Total Poultry 3 /Red Meat & PoultryEgg Milk Million Pounds Mil doz Bil lbs 2013 IV 6,423 6,274 12,764 9,537 1,420 11,080 23,844 2,063 49.3 Annual 25,720 23,187 49,174 37,830 5,805 44,159 93,333 8,046 201.2 2014 I 5,868 5,785 11,716 9,283 1,332 10,739 22,455 2,006 51.0 II 6,183 5,504 11,754 9,618 1,429 11,181 22,935 2,042 52.9 III 6,178 5,423 11,661 9,833 1,478 11,446 23,107 2,074 51.1 IV* 6,230 5,950 12,238 9,750 1,500 11,380 23,618 2,115 51.2 Annual Oct Proj. 24,356 22,759 47,365 38,451 5,731 44,710 92,075 8,233 206.1 Nov Proj. 24,459 22,662 47,369 38,484 5,739 44,746 92,115 8,237 206.2 2015 I* 5,575 5,840 11,477 9,550 1,400 11,075 22,552 2,070 52.7 II* 6,170 5,685 11,913 9,970 1,475 11,585 23,498 2,095 54.4 III* 6,000 5,805 11,863 10,130 1,525 11,800 23,663 2,110 52.6 Annual Oct Proj. 23,790 23,925 47,956 39,560 5,925 46,030 93,986 8,380 212.8 Nov Proj. 23,665 23,620 47,522 39,630 5,925 46,100 93,622 8,430 212.3 * Projection. 1/ Commercial production for red meat s; federally inspected for poultry meats. 2/ Beef, pork, veal and la mb & mutton. 3/ Broile rs, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/Barrows and gilts 3/Broilers 4/Turkeys 5/Eggs 6/Milk 7/ Dol./cw t Dol./cw t Cents/lb. Cents/lb. Cents/doz. Dol./cw t 2013 IV 130.77 61.11 92.8 105.4 143.0 21.50 Annual 125.89 64.05 99.7 99.8 124.7 20.05 2014 I 146.34 68.69 98.4 100.7 142.7 24.53 II 147.82 85.40 113.7 105.6 134.6 24.23 III 158.49 83.30 104.6 110.2 129.3 24.37 IV* 163-167 68-70 102-106 112-116 140-144 23.55-23.85 Annual Oct Proj. 152.91 77.60 105.2 107.6 137.2 24.10-24.20 Nov Proj. 154.41 76.60 105.2 107.6 137.2 24.15-24.25 2015 I* 155-165 64-68 102-108 99-105 132-140 20.60-21.20 II* 154-166 66-72 102-110 100-108 116-126 17.65-18.55 III* 153-165 65-71 99-107 104-112 112-122 18.10-19.10 Annual Oct Proj. 149-162 63-68 100-108 102-111 124-134 18.95-19.85 Nov Proj. 154-165 63-68 100-108 103-110 123-133 18.85-19.75 *Projection. 1/ Simple average of mont hs. 2/ 5-Area, Direct, Total all grades 3/ National Base, Live equiv 51-52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8- 16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices receiv ed by farmers for all milk. November 2014 WASDE - 535 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ ImportsTotal Supply ExportsEnding StocksTotal UsePer Capit a 2/ 3/ Million Pounds /4 Beef 2013 608 25,791 2,250 28,649 2,590 584 25,475 56.3 2014 Proj. Oct 584 24,427 2,684 27,695 2,600 475 24,620 54.1 Nov 584 24,530 2,823 27,937 2,599 495 24,843 54.6 2015 Proj. Oct 475 23,861 2,700 27,036 2,525 485 24,026 52.4 Nov 495 23,736 2,700 26,931 2,525 485 23,921 52.2 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2013 625 23,200 880 24,705 4,992 618 19,095 46.8 2014 Proj. Oct 618 22,773 947 24,337 5,116 580 18,641 45.4 Nov 618 22,676 973 24,266 5,066 580 18,620 45.3 2015 Proj. Oct 580 23,938 900 25,418 5,250 605 19,563 47.3 Nov 580 23,633 900 25,113 5,250 605 19,258 46.6 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2013 1,260 49,270 3,302 53,832 7,589 1,230 45,013 104.4 2014 Proj. Oct 1,230 47,460 3,809 52,498 7,724 1,098 43,676 100.6 Nov 1,230 47,464 3,977 52,670 7,673 1,118 43,879 101.0 2015 Proj. Oct 1,098 48,051 3,766 52,915 7,784 1,133 43,998 100.8 Nov 1,118 47,617 3,766 52,501 7,784 1,133 43,584 99.8 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2013 651 37,425 122 38,199 7,345 669 30,184 81.9 2014 Proj. Oct 669 38,040 119 38,827 7,269 625 30,933 83.4 Nov 669 38,072 118 38,859 7,319 610 30,930 83.4 2015 Proj. Oct 625 39,137 116 39,878 7,365 645 31,868 85.3 Nov 610 39,206 116 39,932 7,400 645 31,887 85.3 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2013 296 5,729 22 6,047 759 237 5,051 16.0 2014 Proj. Oct 237 5,731 28 5,996 807 225 4,964 15.6 Nov 237 5,739 29 6,005 799 215 4,991 15.7 2015 Proj. Oct 225 5,925 28 6,178 820 310 5,048 15.7 Nov 215 5,925 28 6,168 820 275 5,073 15.8 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2013 949 43,677 146 44,772 8,213 912 35,647 99.2 2014 Proj. Oct 912 44,298 148 45,358 8,183 855 36,320 100.3 Nov 912 44,334 149 45,394 8,224 830 36,340 100.3 2015 Proj. Oct 855 45,606 146 46,607 8,310 960 37,337 102.3 Nov 830 45,675 146 46,651 8,345 925 37,381 102.4 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2013 2,208 92,947 3,449 98,604 15,802 2,142 80,660 203.6 2014 Proj. Oct 2,142 91,758 3,956 97,856 15,907 1,953 79,996 200.8 Nov 2,142 91,797 4,125 98,064 15,897 1,948 80,219 201.4 2015 Proj. Oct 1,953 93,657 3,912 99,522 16,094 2,093 81,335 203.1 Nov 1,948 93,292 3,912 99,152 16,129 2,058 80,965 202.2 1/ Total including farm production for red meats and, for pou ltry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis for red meat an d broilers; certified ready-to-cook weight for turkey. 3/ Population source: Dept. of Commerce, Census Bureau. 4/ Car cass weight for red meats and certified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys, and mature chicken. November 2014 WASDE - 535 - 33 U.S. Egg Supply and Use Commodity 2012 2013 2014 Proj. 2014 Proj. 2015 Proj. 2015 Proj. Oct Nov Oc t Nov Eggs Million Dozen Supply Beginning Stocks 27.7 20.8 23.0 23.0 22.0 23.0 Production 7,876.5 8,046.2 8,233.0 8 ,237.0 8,380.0 8,430.0 Imports 18.5 16.9 32.8 33.2 40.0 40.0 Total Supply 7,922.7 8,083.9 8,288.8 8 ,293.2 8,442.0 8,493.0 Use Exports 301.7 371.9 358.4 361.6 340.0 355.0 Hatching Use 940.8 959.9 973.7 975.2 1,000.0 1,000.0 Ending Stocks 20.8 23.0 22.0 23.0 23.0 23.0 Disappearance Total 6,659.4 6,729.1 6,934.7 6 ,933.4 7,079.0 7,115.0 Per Capita (number) 254.3 255.2 261.1 261.0 264.6 265.9 Total U.S. Milk Supply and Use Commodity 2012 2013 2014 Proj. 2014 Proj. 2015 Proj. 2015 Proj. Oct Nov Oc t Nov Milk Billion Pounds Production 200.6 201.2 206.1 206.2 212.8 212.3 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 10.9 12.2 11.2 11.2 10.7 10.5 Marketings 199.7 200.2 205.1 205.2 211.8 211.3 Imports 4.1 3.7 4.3 4.2 3.8 3.8 Total Cml. Supply 214.7 216.2 220.5 220.6 226.3 225.7 Fat Basis Use Commercial Exports 8.8 12.4 12.6 12.3 11.5 11.0 Ending Commercial Stocks 12.2 11.2 10.7 10.5 12.0 12.1 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 193.7 192.6 197.3 197.8 202.9 202.6 Skim-solid Basis Supply Beg. Commercial Stocks 11.8 12.4 11.6 11.6 12.6 12.0 Marketings 199.7 200.2 205.1 205.2 211.8 211.3 Imports 5.7 5.3 5.6 5.8 5.2 5.4 Total Cml. Supply 217.2 217.9 222.3 222.6 229.6 228.8 Skim-solid Basis Use Commercial Exports 33.3 38.5 39.2 38.3 38.5 37.4 Ending Commercial Stocks 12.4 11.6 12.6 12.0 12.7 12.8 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 171.5 167.7 170.5 172.3 178.4 178.6 Total Note: Totals may not add due to rounding. November 2014 WASDE - 535 - 34 U.S. Dairy Prices Commodity 2012 2013 2014 Proj. 2014 Proj. 2015 Proj. 2015 Proj. Oct Nov Oct Nov Product Prices 1/ Dollars Pe r Pound Cheese 1.7076 1.7683 2.160- 2.1702.170- 2.1801.695- 1.7851.690- 1.780 Butter 1.5943 1.5451 2.220- 2.2502.120- 2.1501.680- 1.8001.660- 1.780 Nonfat Dry Milk 1.3279 1.7066 1.760- 1.7801.770- 1.7901.450- 1.5201.410- 1.480 Dry Whey 0.5935 0.5902 0.650- 0.6600.650- 0.6600.560- 0.5900.560- 0.590 Filler Dollars Pe r Cwt Milk Prices 2/ Class III 17.44 17.99 22.40- 22.5022.50- 22.6017.25- 18.1517.15- 18.05 Class IV 16.01 19.05 22.40- 22.6022.05- 22.2517.45- 18.4517.05- 18.05 All Milk 3/ 18.52 20.05 24.10- 24.2024.15- 24.2518.95- 19.8518.85- 19.75 1/ Simple average of monthly prices calcu lated by AMS from weekly average dairy pr oduct prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the resp ective classes. All milk price is the simp le average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation. November 2014 WASDE - 535 - 35 Note: Tables on pages 35-37 present a record of the November projection and the final Estimate . Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the cu rrent forecast will not be above or below the final estim ate by more than 1.2 percent. Chances are 9 out of 10 (90% c onfidence level) that the difference will not exceed 2.1 percent. The average differen ce between the November projection and the final estimate is 5.5 million tons, ranging from 0.1 million to 18.1 million t ons. The November projection has been below the estimate 24 times and above 9 times. Reliability of November Projections 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square erro rconfidence interval Average Smalles t Larges tBelow FinalAbove Final WHEAT Percent Million Metric Tons Production Worl d 1.2 2.1 5.5 0.1 18.1 24 9 U.S. 0.4 0.7 0.2 0.0 1.2 15 11 Foreign 1.4 2.4 5.5 0.0 18.2 24 9 Exports Worl d 5.8 9.8 5.8 0.2 19.2 27 6 U.S. 7.4 12.6 2.0 0.2 8.6 16 17 Foreign 7.1 12.1 5.6 0.3 17.2 29 4 Domestic Use Worl d 1.4 2.4 6.0 0.0 18.8 21 11 U.S. 6.0 10.2 1.6 0.1 3.6 11 22 Foreign 1.5 2.5 6.1 0.5 21.1 24 9 Ending Stocks Worl d 6.3 10.7 7.3 0.9 23.1 24 9 U.S. 11.4 19.4 2.0 0.2 7.0 19 14 Foreign 6.6 11.1 6.2 0.8 22.7 24 9 COARSE GRAINS 2/ Production Worl d 1.5 2.5 11.5 0.2 29.0 26 7 U.S. 1.4 2.3 2.4 0.0 7.5 18 15 Foreign 2.1 3.5 11.3 0.2 28.2 26 7 Exports Worl d 6.4 10.8 5.9 0.1 21.5 22 11 U.S. 16.5 28.0 5.9 0.4 14.7 15 18 Foreign 12.4 21.0 6.2 0.6 19.5 22 11 Domestic Use Worl d 1.3 2.2 9.5 0.2 23.3 19 14 U.S. 3.9 6.6 5.5 0.2 17.2 18 15 Foreign 1.4 2.4 8.1 0.3 22.2 21 12 Ending Stocks Worl d 13.3 22.6 13.8 0.3 39.6 28 5 U.S. 21.4 36.3 8.1 0.6 23.9 20 13 Foreign 17.4 29.5 11.7 0.2 31.1 29 4 RICE, milled Production Worl d 2.2 3.8 6.0 0.1 16.8 28 5 U.S. 3.0 5.0 0.1 0.0 0.5 17 15 Foreign 2.2 3.8 6.0 0.2 16.9 28 5 Exports Worl d 9.6 16.2 1.7 0.1 6.0 27 6 U.S. 9.4 16.0 0.2 0.0 0.7 18 12 Foreign 10.9 18.6 1.6 0.0 6.0 25 8 Domestic Use Worl d 1.7 2.9 3.9 0.1 17.5 27 6 U.S. 8.1 13.8 0.2 0.0 0.6 17 16 Foreign 1.8 3.0 3.9 0.0 17.7 28 5 Ending Stocks Worl d 10.7 18.1 4.6 0.1 15.9 26 7 U.S. 23.6 40.1 0.2 0.0 0.8 20 13 Foreign 11.1 18.9 4.6 0.1 15.4 26 7 1/ Footnotes at end of table. CONTINUED November 2014 WASDE - 535 - 36 Reliability of November Projections (Continued) Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square erro rconfidence interval Average Smalles t Larges tBelow FinalAbove Final SOYBEANS Percent Million Metric Tons Production World 4.1 7.0 5.5 0.1 25.1 20 13 U.S. 2.2 3.8 1.1 0.1 4.2 15 18 Foreign 6.8 11.6 5.4 0.0 26.4 18 15 Exports World 7.5 12.7 3.0 0.0 13.4 20 13 U.S. 10.4 17.7 2.2 0.1 7.1 21 12 Foreign 19.4 32.9 2.5 0.1 11.7 16 17 Domestic Use World 3.0 5.0 3.7 0.0 14.2 19 14 U.S. 3.7 6.3 1.3 0.0 3.8 23 10 Foreign 3.7 6.3 3.6 0.2 12.8 19 14 Ending Stocks World 17.0 28.8 4.0 0.0 18.4 20 13 U.S. 38.8 65.8 2.0 0.1 5.6 8 25 Foreign 18.2 30.9 3.7 0.4 12.8 21 12 COTTON Million 480-Pound Bales Production World 3.4 5.8 2.4 0.1 8.7 22 11 U.S. 2.9 4.9 0.4 0.0 0.9 18 14 Foreign 4.0 6.8 2.4 0.1 8.0 22 11 Exports World 8.2 13.9 2.1 0.1 10.3 20 13 U.S. 17.8 30.3 1.0 0.1 3.2 20 13 Foreign 10.8 18.4 1.6 0.0 8.9 17 15 Domestic Use World 3.5 5.9 2.5 0.0 11.1 16 16 U.S. 7.3 12.5 0.3 0.0 1.1 19 14 Foreign 3.5 6.0 2.4 0.3 10.6 17 16 Ending Stocks World 12.4 21.1 4.5 0.3 14.6 21 12 U.S. 30.6 51.9 1.1 0.1 3.5 11 22 Foreign 13.3 22.6 4.2 0.0 15.1 23 10 1/ Marketing years 1981/82 through 2013/14 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2012/13, and for 2013/14 last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. November 2014 WASDE - 535 - 37 Reliability of United Stat es November Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final CORN Percent Million Bushels Production 1.4 2.3 86 0 250 18 14 Exports 17.1 29.0 208 9 575 14 19 Domestic Use 4.1 7.0 214 3 574 22 11 Ending Stocks 24.4 41.4 316 17 986 18 15 SORGHUM Production 4 . 2 7 . 21 5 15 31 51 8 Exports 20.1 34.1 31 0 115 19 13 Domestic Use 13.3 22.5 35 0 127 16 16 Ending Stocks 44.8 76.0 26 2 104 12 21 BARLEY Production 1.5 2.5 4 0 24 12 10 Exports 32.2 54.6 10 0 37 13 17 Domestic Use 6.7 11.4 17 0 70 13 19 Ending Stocks 13.1 22.3 13 0 38 21 10 OATS Production 1 . 2 2 . 020 1 879 Exports 7 7 . 0 1 3 0 . 71078 1 0 Domestic Use 4 . 8 8 . 11 2 13 91 51 8 Ending Stocks 20.2 34.4 15 1 52 21 12 SOYBEAN MEAL Thousand Short Tons Production 3.6 6.1 1,016 14 3,250 22 11 Exports 12.0 20.4 732 0 3,600 18 13 Domestic Use 3.4 5.7 708 30 2,350 15 18 Ending Stocks 30.1 51.0 48 0 249 13 13 SOYBEAN OIL Million Pounds Production 4.0 6.8 518 40 2,240 23 10 Exports 30.3 51.4 368 0 1,425 18 14 Domestic Use 3.9 6.6 430 56 1,828 21 12 Ending Stocks 23.8 40.3 348 0 1,077 17 15 ANIMAL PROD. 3/ Million Pounds Beef 4.0 6.7 831 92 2,461 22 10 Pork 3.3 5.7 426 2 1,592 19 13 Broilers 2.0 3.3 429 17 1,394 20 12 Turkeys 3.4 5.8 132 2 444 20 12 Million Dozen Eggs 1.6 2.7 87 2 314 22 10 Billion Pounds Milk 1.6 2.8 1.9 0.0 6.0 18 13 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cott on. Marketing years 1981/82 through 2013/14 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2012/13, and for 2013/14 last month’s estimate. Calendar years 1983 through 2013 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1983-2013. WASDE-535-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oc e/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Produc tion, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 19 0 countries and regions at http://www.fas.usda.gov/psd/online . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric-Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 USDA 2015 Agricultural Outlook Forum Smart Agriculture in the 21st Century Crystal Gateway Marriott Hotel Arlington, VA Feb. 19-20, 2015 The USDA Outlook Forum, first held in 1923, brings together renowned speakers including farmers, ranchers, economists, academics, statisticians, consultants, industry leaders, and government policymakers. The Secretary of Agriculture will present the keynote address, followed by a distinguished guest speaker. The economic outlook for the coming year will be presented by the USDA Chief Economist. In addition, a plenary panel of industry leaders will discuss an important topic relevant to agriculture.  February 19 includes a morning plenary, a networki ng luncheon, five concurrent afternoon sessions, and a dinner speaker.  February 20 includes a day of five concurrent sessi ons and five luncheon speakers. Session Topics are expected to include:  Perspectives on Global & U.S. Trade  Tomorrow’s Opportunities  Big Data  Commodity Situation and Outlook  Food Price & Farm Income Outlook  Conservation & Regulation  Water Issues  Weather, Drought & Big Data  Climate Change  Moving Feed, Food & Fuel to Market  100-Year Anniversary of USDA Market News  Nutrition & New Opportunities for Producers  Regional Approaches to Rural Growth  Bio-Economy  Antimicrobial Resistance  Agriculture & Bees  Local Foods  Food Waste Registration begins November 14 at: www.usda.gov/oce/forum UNITED STATES DEPARTMENT OF AGRICULTURE WORLD AGRICULTURAL OUTLOOK BOARD WASHINGTON, D.C. 20250-3812 ___________________ OFFICIAL BUSINESS Penalty for Private Use, $300 FIRST-CLASS MAIL POSTAGE & FEES PAID USDA PERMIT NO. G-289 World Agricultural Suppl y and Demand Estimates WASDE-535 – No vember 10, 2014 Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e-mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu . Select the “Reports by E-Mail” bar to sign up. Print Subscriptions: For print subscriptions, call the National Techni cal Information Service (NTIS) at 1-800-999 -6779 or 703-605-6220. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). 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January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 622 Approved by the World Agricultural Outlook Board March 9, 2022 NOTE: Russia’s recent military action in Ukraine significantly increased the uncertainty of agricultural supply and demand conditions in the region and globally. The March WASDE represents an initial assessment of the short -term impacts as a result of this act ion. WHEAT: The 2021/22 U.S. wheat supply and demand outlook is for lower supplies, unchanged domestic use, reduced exports, and higher ending stocks. Supplies are lower because imports are reduced 5 million bushels, all for Hard Red Spring wheat, on a slower - than-expected pace. Exports are reduced 10 million bushels, down to 800 million, on weaker than expected sales and shipments for Hard Red Winter and Soft Red Winter. Projected 2021/22 ending stocks are raised 5 million bushels to 653 million but are still 23 pe rcent lower than last year. The season- average farm price (SAFP) is raised $0.20 per bushel to $7.50 on NASS prices reported to date and expectations for cash and futures prices the remainder of the marketing year (MY). Despite the recent sharp increases in futures and cash prices, a significant majority of U.S. wheat has already been marketed this MY, limiting the SAFP increase. The 2021/22 global outlook this month is for higher production, decreased trade and consumption, and larger ending stocks. Global output is raised mainly on an increase for Australia, where an updated ABARES estimate raised production 2.3 million tons to a record 36.3 million. World exports are lowered by 3.6 million tons to 203.1 million, as decreases for Ukraine and Russia a re only partly offset by increases for Australia and India. Exports are lowered for Ukraine by 4.0 million tons to 20.0 million, as the conflict in that country is expected to disrupt exports from the Black Sea region. Russia exports are reduced 3.0 million tons to 32.0 million as vessel transportation is expected to be constrained by the conflict and the imposition of economic sanctions. Partly offsetting these reductions are increases for 2021/22 Australian and Indian exports, up 2.0 and 1.5 million to ns respectively to 27.5 and 8.5 million. Increased production and competitive prices are expected to boost exports in Australia to a record level. India’s robust export pace is expected to continue because of its ample stocks and rising global prices. Imports are lowered for many countries including Turkey, Egypt, the EU, Afghanistan, Algeria, Kenya, Pakistan, Tanzania, and Yemen based on reduced Black Sea wheat export availability and higher world prices. The 2021/22 global use forecast is lowered 0.8 million tons to 787.3 million, on slight decreases in many countries , including India, that more than offset increased feed and residual forecasts for Australia and Ukraine. Global ending stocks are raised 3.3 million tons to 281.5 million, as increased stocks in Russia and Ukraine are only partly offset by declines in Turkey, India, and the EU. COARSE GRAINS: This month’s 2021/22 U.S. corn supply and use outlook is for increased food, seed, and industrial use, larger exports, and smaller stocks relative to last month. Corn used for ethanol is raised 25 million bushels to 5.350 billion, based on data through January WASDE- 622-2 from the Grain Crushings and Co- Products Production report and weekly ethanol production data as reported by the Energy Information Admini stration for the month of February. Exports are raised 75 million bushels to 2.500 billion, reflecting expectations of sharply lower exports from Ukraine. The projected season -average farm price is raised 20 cents to $5.65 per bushel. Global coarse grain production for 2021/22 is forecast 1.5 million tons higher to 1,498.9 million. This month’s foreign coarse grain outlook is for larger production, lower trade, and greater ending stocks relative to last month. Foreign corn production is forecast modes tly higher with increases for India and Russia that are partly offset by declines for Argentina and South Africa. India corn production is higher with increases to both area and yield. Argentina corn production is lowered as higher indicated area is more than offset by a reduction in yield. South Africa corn production is down reflecting lower yield prospects. Corn exports are raised for the United States and India but reduced for Ukraine. Imports are lowered for Egypt, Algeria, Turkey, Israel, India, and Bangladesh. Barley exports are raised for Australia and Canada but reduced for Ukraine. Foreign corn ending stocks are higher, mostly reflecting increases for Ukraine, India, and Russia that are partly offset by reductions for Argentina, South Afri ca, and Bangladesh. Global corn ending stocks, at 301.0 million tons, are down 1.3 million from last month. RICE : The outlook for 2021/22 U.S. rice this month is for stable supplies, unchanged domestic use, reduced exports, and higher ending stocks. Exports are lowered by 1.0 million cwt to 86.0 million with the decline for medium - and short -grain on the continued weak pace of sales and shipments, particularly to the Middle East. Projected 2021/22 all rice ending stocks are 34.5 million cwt, up 1.0 million from last month but down 21 percent from last year. The projected 2021/22 all rice season- average farm price (SAFP) is $0.20 per cwt higher at $15.90 per cwt. The long- grain SAFP is raised $0.50 per cwt to $14.00 on expectations of elevat ed cash and futures prices for the remainder of the marketing year with higher projected U.S. wheat, corn, and soybean prices. However, the medium - and short -grain SAFP is reduced $0.50 per cwt to $21.60 on lower -than-expected NASS prices reported to date for California rice. The 2021/22 global outlook is for larger supplies, higher consumption, increased trade, and higher stocks. Rice supplies are raised 4.9 million tons to 701.6 million, mainly on higher production for India, which is projected at a record 129.0 million tons, up 4.0 million. This is based on the government’s Second Advanced Estimates of Production and a favorable and extended monsoon season. India’s 2020/21 production was also increased by 2.1 million tons to 124.4 million on the final government estimate. Global 2021/22 consumption is increased 0.7 million tons to a record 511.1 million. World trade is 0.5 million tons higher at 51.3 million on greater exports by India and Thailand. India’s 2021/22 exports are forecast at 20.5 million tons, surpassing last year’s record 20.2 million. Projected 2021/22 world ending stocks are raised 4.2 million tons to a record 190.5 million, primarily on increases for India and Thailand. India accounts for 22 percent of global stocks at 42.0 mil lion tons . OILSEEDS : U.S. soybean supply and use changes for 2021/22 include higher exports and lower ending stocks compared with last month’s report. Soybean exports are raised 40 million bushels to 2.09 billion with lower production and reduced exports for South America. Soybean ending stocks are projected at 285 million bushels, down 40 million from last WASDE- 622-3 month. With rising soybean oil prices, soybean oil used for biofuel is reduced this month. Soybean oil exports are raised in response to reduced global sunflowerseed oil trade and tighter global vegetable oil supplies. Soybean and product prices are all raised this month. The U.S. season- average soybean price for 2021/22 is forecast at $13.25 per bushel, up 25 cents. The soybean meal price is forecast at $420 per short ton, up 10 dollars. The soybean oil price is raised 2 cents to 68.0 cents per pound. Global 2021/22 soybean supply and demand forecasts include lower production, crush, exports, and stocks. Global soybean production is reduced 10.1 million tons to 353. 8 million. Brazil’s crop is lowered 7.0 million tons to 127 million, Argentina is lowered 1.5 million tons to 43.5 million, Paraguay is lowered 1.0 million tons to 5.3 million, and Uruguay is lowered 0.6 million to 2.0 million. While global soybean crush is lowered 5.0 million tons on a slower - than-expected crush pace for China and lower South American supplies, sunflowerseed crush is reduced another 2.2 million mainly for Ukraine. Major markets impacted by lower Ukrainian sunflowerseed crush and product exports include India and the EU. Lower sunflower product supplies in these markets are partly offset by higher soybean oil imports for India and rapeseed imports for the EU. Tighter oilseed supplies and high oilseed meal and vegetable oil prices reduce forecasts for global demand growth. Global 2021/22 soybean trade is reduced 6.4 million tons to 158.6 million, with lower exports for South America that are partly offset by higher U.S. exports. Imports for China are reduced 3 million tons to 94 million. Other markets with lower imports include Russia, Bangladesh, Egypt, the EU, Pakistan, Argentina, and Belarus. Global soybean stocks are lowered 2.9 million tons to 90.0 million, the lowest level since 2015/16. SUGAR: USDA projects an increase in 2021/22 U.S. sugar use combined with a reduction in supply to decrease ending stocks to 1,692,320 short tons, raw value (STRV) for an ending stocks- to-use ratio of 13.6 percent. U.S. sugar deliveries for human consumption are increased by 100,000 STRV to 12,300,000 based on strong to -date deliveries by beet processors and on higher -than-expected direct consumption imports though the end of January. U.S. sugar supply for 2021/22 is decreased 26,152 STRV as decreases in sugar production are only partially offset by increases in imports. Florida sugar production is decreased 45,059 STRV to 1,959,570 based on lower sugarcane yield and sucrose recovery from processors’ analyses of the effect of late January freezes on the crop. Beet sugar production is decreased 12,183 STRV to 3,995,680 on processors’ forecast of lower sucrose extraction and an increase in beet pile shrink. Imports are increased by 31,091 STRV to 3,043,041. Raw sugar TRQ imports are increased by 20,591 STRV based on updated FAS analysis of expected TRQ shortfall. High -tier tariff sugar imports are increased by 25,000 STRV to 175,000. High-tier tariff imports are estimated at 126,272 STRV through the end of February. Raw sugar imports constitute about 62 percent of the total. Since the December 2021 sugar WASDE, the USDA has been projecting monthly high- tier tariff refined sugar imports at about 7,250 STRV. Extending this projection across the remaining se ven months of the fiscal year yields the 175,000 STRV projection. Imports from Mexico are projected at 1,050,212 STRV, a reduction of 14,500. The net change for the Mexico 2021/22 sugar supply and use balance is a small 4,000 metric ton (MT) reduction i n imports accompanied by a reduction of the same amount in exports. WASDE- 622-4 Exports to the United States for 2021/22 are projected at 898,808 MT, a decrease of 12,410 from last month. Calculated U.S. Needs implied by the March 2022 U.S. Sugar WASDE as set out in the AD/CVD Suspension Agreements is 887,843 MT (1,037,400 STRV). There is an additional export amount of 10,965 MT (12,812 STRV) from the 2020/21 export allocation to Mexico that was permitted by the U.S. Department of Commerce to enter the United States after September 30. Exports other than to the United States under export license increase by 8,410 MT to 852,025. LIVESTOCK, POULTRY, AND DAIRY : The 2022 forecast for total red meat and poultry production is lowered slightly from last month, as higher forecast beef and turkey production is more than offset by lower projections for pork and broilers. The beef production forecast is raised from the previous month on higher fed and non- fed cattle slaughter. Pork production is lowered on a slower pace of slaughter and slightly lighter carcass weights. Broiler production is lowered on lower slaughter to date and a slower -than-previously -expected recovery in hatch ability. Turkey production forecasts are raised on early -year hatchery data. The egg p roduction forecast is reduced on slower expected growth in first -half production. Supply and use estimates for 2021 are adjusted for revisions in production and stock data. Beef import and export forecasts are raised from last month based on recent trade data. Pork imports are raised on strong domestic prices, while exports are reduced on increased competition in a number of Asian markets. The broiler export forecast is reduced as higher prices reduce export opportunities. The turkey export forecast is reduced from last month primarily as recent discoveries of Highly Pathogenic Avian Influenza have resulted in import restrictions by Mexico. Fed-cattle prices are raised on firm packer demand and declining inventories of fed cattle. Hog prices are raised on observed prices to date and expected strength in demand. Broiler, turkey, and egg price forecasts are raised on current prices and relatively slow production growth. The milk production forecast for 2022 is lowered from last month, on lower dair y cow numbers and slower growth in milk per cow. The fat basis import forecast is lowered on lower expected imports of cheese and butterfat products, while exports are reduced on lower shipments of whole milk powder and whey. On a skim -solids basis, the import forecast is raised, primarily as higher imports of milk proteins more than offset weaker cheese imports. The export forecast is reduced on weaker expected sales of whey products and skim milk powders. Changes in 2021 estimates of supply and use reflect revised production and stock data. Price forecasts for cheese, butter, nonfat dry milk, and whey are raised from the previous month on current prices, lower expected production, and continued demand strength. With higher product prices, both Class III and the Class IV prices are raised. The 2022 all milk price forecast is increased to $25.05 per cwt. COTTON : This month’s 2021/22 U.S. cotton supply and demand forecasts are unchanged relative to last month. The projected marketing year average price received by upland producers is also unchanged, at 90 cents per pound. WASDE- 622-5 In the world 2021/22 cotton balance sheet , ending stocks are 1.7 million bales lower than a month earlier. A 300,000- bale decrease in production accounts for some of this change, but most of the decline stems from lower beginning stocks, reflecting updated Indian consumption estimates for 2019/20 and 2020/21 to reflect Indian government sources. Projected world 2021/22 consumption is marginally higher this month, up 111,000 bales, but with a 1 -million -bale increase in the 2020/21 global estimate, March’s projected consumption growth rate is lower this month. World consumption is now expected to grow 2.1 percent from a year earlier, below the 2.8 percent rate forecast in February. Production is projected lower as a 500,000- bale reduction in India’s crop more than offsets a 150,000- bale increase for Mexico. Approved by the Secretary of Agriculture and t he Chairman of the World Agricultural Outlook Board, Mark Jekanowski , (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: SETH MEYER SECRETARY OF AGRICULTURE DESIGNATE WASDE- 622-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone, ICEC Chair, WAOB, [email protected] Andrew Sowell , ERS; Rachel Trego, FAS; Pete Riley, FPAC. Rice: Mark Simone, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS; Pete Riley , FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Michael McConnell, ERS; Yoonhee Macke, FAS; Sharon Raszap, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Maria B ukowski, ERS; Bill George, FAS; Gustavo Ferreira, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; Graham Soley , FAS; Kent Lanclos, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Vida Abadam, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Jacob Vuillemin, FAS; Georgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Grace Grossen, ERS; Claire Mezoughem, FAS; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Georgi Gabrielyan, FPAC. In 2022 the WASDE report will be released on Apr 8, May 12, Jun 10, Jul 12, Aug 12, Sep 12, Oct 12, Nov 9, and Dec 9. WASDE- 622-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Production .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 March 2022 WASDE - 622 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2019/20 2678.28 3487.93 448.03 2672.70 815.23 2020/21 (Est.) 2719.67 3534.90 485.29 2736.42 798.49 filler filler filler filler filler 2021/22 (Proj.) Feb 2784.08 3581.66 510.63 2790.12 791.54 2021/22 (Proj.) Mar 2791.48 3589.97 504.47 2791.88 798.09 filler filler filler filler filler Wheat 2019/20 762.37 1043.58 193.87 746.75 296.83 2020/21 (Est.) 776.00 1072.83 202.64 782.56 290.27 filler filler filler filler filler 2021/22 (Proj.) Feb 776.42 1066.29 206.69 788.08 278.21 2021/22 (Proj.) Mar 778.52 1068.80 203.11 787.28 281.51 filler filler filler filler filler Coarse Grains 5/ 2019/20 1417.09 1768.87 210.73 1432.20 336.67 2020/21 (Est.) 1433.99 1770.66 231.98 1449.95 320.70 filler filler filler filler filler 2021/22 (Proj.) Feb 1497.36 1818.64 253.08 1491.64 327.00 2021/22 (Proj.) Mar 1498.89 1819.60 250.02 1493.54 326.06 filler filler filler filler filler Rice, milled 2019/20 498.82 675.48 43.43 493.74 181.74 2020/21 (Est.) 509.68 691.42 50.68 503.91 187.51 filler filler filler filler filler 2021/22 (Proj.) Feb 510.31 696.73 50.86 510.40 186.33 2021/22 (Proj.) Mar 514.07 701.58 51.34 511.06 190.52 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2019/20 417.89 516.29 79.82 355.75 80.73 2020/21 (Est.) 429.86 516.87 107.45 351.02 58.40 filler filler filler filler filler 2021/22 (Proj.) Feb 449.59 514.08 94.55 359.20 60.32 2021/22 (Proj.) Mar 449.59 513.99 96.15 359.84 58.00 filler filler filler filler filler Wheat 2019/20 52.58 84.79 26.37 30.44 27.99 2020/21 (Est.) 49.75 80.46 26.99 30.48 23.00 filler filler filler filler filler 2021/22 (Proj.) Feb 44.79 70.51 22.05 30.84 17.63 2021/22 (Proj.) Mar 44.79 70.38 21.77 30.84 17.77 filler filler filler filler filler Coarse Grains 5/ 2019/20 359.43 423.01 50.46 320.73 51.83 2020/21 (Est.) 372.89 427.19 77.48 315.70 34.01 filler filler filler filler filler 2021/22 (Proj.) Feb 398.71 435.12 69.75 323.75 41.63 2021/22 (Proj.) Mar 398.71 435.17 71.65 324.38 39.13 filler filler filler filler filler Rice, milled 2019/20 5.88 8.49 2.99 4.59 0.91 2020/21 (Est.) 7.22 9.22 2.98 4.85 1.39 filler filler filler filler filler 2021/22 (Proj.) Feb 6.09 8.45 2.76 4.62 1.06 2021/22 (Proj.) Mar 6.09 8.45 2.73 4.62 1.10 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). March 2022 WASDE - 622 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2019/20 2,260.39 2,971.64 368.21 2,316.95 734.51 2020/21 (Est.) 2,289.81 3,018.03 377.85 2,385.39 740.09 filler filler filler filler filler 2021/22 (Proj.) Feb 2,334.49 3,067.58 416.08 2,430.92 731.21 2021/22 (Proj.) Mar 2,341.90 3,075.98 408.32 2,432.04 740.10 filler filler filler filler filler Wheat 2019/20 709.79 958.79 167.50 716.32 268.84 2020/21 (Est.) 726.25 992.37 175.66 752.08 267.27 filler filler filler filler filler 2021/22 (Proj.) Feb 731.63 995.77 184.65 757.24 260.57 2021/22 (Proj.) Mar 733.73 998.42 181.34 756.45 263.74 filler filler filler filler filler Coarse Grains 5/ 2019/20 1,057.65 1,345.86 160.28 1,111.47 284.84 2020/21 (Est.) 1,061.10 1,343.46 154.50 1,134.25 286.69 filler filler filler filler filler 2021/22 (Proj.) Feb 1,098.65 1,383.52 183.33 1,167.89 285.37 2021/22 (Proj.) Mar 1,100.19 1,384.43 178.37 1,169.16 286.93 filler filler filler filler filler Rice, milled 2019/20 492.95 667.00 40.44 489.16 180.83 2020/21 (Est.) 502.45 682.20 47.69 499.06 186.12 filler filler filler filler filler 2021/22 (Proj.) Feb 504.22 688.28 48.10 505.78 185.27 2021/22 (Proj.) Mar 507.98 693.13 48.61 506.44 189.43 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2019/20 121.01 201.24 41.08 103.72 97.04 2020/21 (Est.) 111.79 208.83 48.53 122.01 87.32 filler filler filler filler filler 2021/22 (Proj.) Feb 120.15 208.81 46.45 124.43 84.31 2021/22 (Proj.) Mar 119.85 207.17 46.27 124.54 82.57 filler filler filler filler filler United States 2019/20 19.91 24.77 15.51 2.15 7.25 2020/21 (Est.) 14.61 21.86 16.37 2.40 3.15 filler filler filler filler filler 2021/22 (Proj.) Feb 17.62 20.78 14.75 2.55 3.50 2021/22 (Proj.) Mar 17.62 20.78 14.75 2.55 3.50 filler filler filler filler filler Foreign 4/ 2019/20 101.10 176.48 25.56 101.57 89.79 2020/21 (Est.) 97.18 186.97 32.15 119.61 84.17 filler filler filler filler filler 2021/22 (Proj.) Feb 102.53 188.03 31.70 121.88 80.81 2021/22 (Proj.) Mar 102.23 186.39 31.52 121.99 79.07 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. March 2022 WASDE - 622 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2019/20 581.01 715.63 190.91 507.93 113.98 2020/21 (Est.) 603.63 717.61 191.13 508.17 115.36 filler filler filler filler filler 2021/22 (Proj.) Feb 611.48 725.36 188.28 521.16 104.73 2021/22 (Proj.) Mar 601.62 716.98 181.32 514.01 104.34 filler filler filler filler filler Oilmeals 2019/20 346.39 366.09 95.68 340.59 19.62 2020/21 (Est.) 348.45 368.07 96.62 344.64 18.16 filler filler filler filler filler 2021/22 (Proj.) Feb 355.87 372.80 97.21 350.91 16.31 2021/22 (Proj.) Mar 351.08 369.24 95.39 346.97 16.81 filler filler filler filler filler Vegetable Oils 2019/20 207.21 233.60 87.20 201.67 27.57 2020/21 (Est.) 206.48 234.05 85.14 205.03 25.87 filler filler filler filler filler 2021/22 (Proj.) Feb 213.20 238.36 88.05 210.28 24.01 2021/22 (Proj.) Mar 211.44 237.31 87.00 209.08 24.17 filler filler filler filler filler United States Output Total Supply Trade Total Use 2 / Ending Stocks Oilseeds 2019/20 106.98 134.74 46.97 63.04 15.96 2020/21 (Est.) 124.49 141.66 62.64 62.66 8.61 filler filler filler filler filler 2021/22 (Proj.) Feb 130.59 140.26 56.77 64.11 10.41 2021/22 (Proj.) Mar 130.59 140.26 57.86 64.11 9.33 filler filler filler filler filler Oilmeals 2019/20 48.76 53.31 12.83 40.09 0.39 2020/21 (Est.) 48.25 53.01 12.71 39.92 0.39 filler filler filler filler filler 2021/22 (Proj.) Feb 49.32 53.26 13.31 39.51 0.44 2021/22 (Proj.) Mar 49.32 53.26 13.31 39.51 0.44 filler filler filler filler filler Vegetable Oils 2019/20 12.64 18.71 1.50 16.00 1.21 2020/21 (Est.) 12.70 18.86 1.04 16.53 1.29 filler filler filler filler filler 2021/22 (Proj.) Feb 13.09 19.45 0.84 17.32 1.28 2021/22 (Proj.) Mar 13.09 19.43 0.94 17.21 1.28 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2019/20 474.03 580.90 143.94 444.89 98.02 2020/21 (Est.) 479.14 575.95 128.50 445.51 106.76 filler filler filler filler filler 2021/22 (Proj.) Feb 480.89 585.10 131.51 457.05 94.32 2021/22 (Proj.) Mar 471.03 576.72 123.46 449.90 95.00 filler filler filler filler filler Oilmeals 2019/20 297.63 312.78 82.86 300.49 19.24 2020/21 (Est.) 300.21 315.06 83.91 304.73 17.77 filler filler filler filler filler 2021/22 (Proj.) Feb 306.55 319.55 83.90 311.39 15.87 2021/22 (Proj.) Mar 301.76 315.98 82.08 307.46 16.38 filler filler filler filler filler Vegetable Oils 2019/20 194.57 214.89 85.70 185.67 26.37 2020/21 (Est.) 193.78 215.20 84.11 188.51 24.57 filler filler filler filler filler 2021/22 (Proj.) Feb 200.11 218.90 87.21 192.96 22.72 2021/22 (Proj.) Mar 198.35 217.88 86.06 191.87 22.89 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. March 2022 WASDE - 622 - 11 U.S. Wheat Supply and Use 1/ 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Feb Mar Million Acres Area Planted 45.5 44.5 46.7 46.7 Area Harvested 37.4 36.8 37.2 37.2 Bushels Yield per Harvested Acre 51.7 49.7 44.3 44.3 Million Bushels Beginning Stocks 1,080 1,028 845 845 Production 1,932 1,828 1,646 1,646 Imports 104 100 100 95 Supply, Total 3,116 2,957 2,591 2,586 Food 962 961 959 959 Seed 62 64 64 64 Feed and Residual 95 95 110 110 Domestic, Total 1,118 1,120 1,133 1,133 Exports 969 992 810 800 Use, Total 2,087 2,111 1,943 1,933 Ending Stocks 1,028 845 648 653 Avg. Farm Price ($/bu) 2/ 4.58 5.05 7.30 7.50 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2020/21 (Est.) Beginning Stocks 506 280 105 95 42 1,028 Production 659 531 266 303 69 1,828 Supply, Total 3/ 1,169 858 376 404 148 2,957 Domestic Use 402 339 222 64 93 1,120 Exports 340 284 69 270 28 992 Use, Total 742 623 291 334 121 2,111 Ending Stocks, Total 428 235 85 70 27 845 2021/22 (Proj.) Beginning Stocks 428 235 85 70 27 845 Production 749 297 361 201 37 1,646 Supply, Total 3/ 1,182 572 451 276 105 2,586 Domestic Use 507 244 239 80 65 1,133 Exports 320 205 115 145 15 800 Use, Total 827 449 354 225 80 1,933 Ending Stocks, Total Mar 356 124 97 51 25 653 Ending Stocks, Total Feb 351 129 92 51 25 648 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. March 2022 WASDE - 622 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Feb Mar Million Acres Area Planted 100.6 102.3 105.9 105.9 Area Harvested 89.1 90.6 94.5 94.5 Metric Tons Yield per Harvested Acre 4.03 4.11 4.22 4.22 Million Metric Tons Beginning Stocks 60.5 51.8 34.0 34.0 Production 359.2 372.6 398.5 398.5 Imports 2.8 2.2 2.2 2.2 Supply, Total 422.4 426.6 434.6 434.6 Feed and Residual 154.3 146.3 147.6 147.6 Food, Seed & Industrial 165.9 168.9 175.6 176.3 Domestic, Total 320.2 315.2 323.3 323.9 Exports 50.4 77.5 69.7 71.6 Use, Total 370.6 392.6 393.0 395.5 Ending Stocks 51.8 34.0 41.6 39.1 CORN 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. February March Million Acres Area Planted 89.7 90.7 93.4 93.4 Area Harvested 81.3 82.3 85.4 85.4 Bushels Yield per Harvested Acre 167.5 171.4 177.0 177.0 Million Bushels Beginning Stocks 2,221 1,919 1,235 1,235 Production 13,620 14,111 15,115 15,115 Imports 42 24 25 25 Supply, Total 15,883 16,055 16,375 16,375 Feed and Residual 5,900 5,598 5,650 5,650 Food, Seed & Industrial 2/ 6,286 6,470 6,760 6,785 Ethanol & by -products 3/ 4,857 5,033 5,325 5,350 Domestic, Total 12,186 12,068 12,410 12,435 Exports 1,777 2,753 2,425 2,500 Use, Total 13,963 14,821 14,835 14,935 Ending Stocks 1,919 1,235 1,540 1,440 Avg. Farm Price ($/bu) 4/ 3.56 4.53 5.45 5.65 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx . 3/ Corn processed in ethanol plants to produce ethanol and by- products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. March 2022 WASDE - 622 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Feb Mar Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 5.3 5.9 7.3 7.3 Area Harvested (mil. acres) 4.7 5.1 6.5 6.5 Yield (bushels/acre) 73.0 73.2 69.0 69.0 Beginning Stocks 64 30 20 20 Production 341 373 448 448 Imports 0 0 0 0 Supply, Total 405 403 468 468 Feed and Residual 97 92 115 115 Food, Seed & Industrial 75 7 10 10 Total Domestic 172 99 125 125 Exports 203 284 310 310 Use, Total 375 383 435 435 Ending Stocks 30 20 33 33 Avg. Farm Price ($/bu) 2/ 3.34 5.04 5.45 5.80 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. February March Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.8 2.7 2.7 2.7 Area Harvested (mil. acres) 2.2 2.2 1.9 1.9 Yield (bushels/acre) 77.7 77.2 60.4 60.4 Beginning Stocks 87 80 71 71 Production 172 171 118 118 Imports 7 7 9 11 Supply, Total 266 258 198 200 Feed and Residual 38 26 15 15 Food, Seed & Industrial 142 147 115 115 Total Domestic 180 172 130 130 Exports 6 14 11 11 Use, Total 186 186 141 141 Ending Stocks 80 71 57 59 Avg. Farm Price ($/bu) 2/ 4.69 4.75 5.15 5.25 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. February March Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.8 3.0 2.6 2.6 Area Harvested (mil. acres) 0.8 1.0 0.7 0.7 Yield (bushels/acre) 64.3 65.1 61.3 61.3 Beginning Stocks 38 37 38 38 Production 53 66 40 40 Imports 92 85 77 77 Supply, Total 183 188 155 155 Feed and Residual 63 68 45 45 Food, Seed & Industrial 82 78 80 80 Total Domestic 144 147 125 125 Exports 2 3 2 2 Use, Total 146 150 127 127 Ending Stocks 37 38 28 28 Avg. Farm Price ($/bu) 2/ 2.82 2.77 4.00 4.20 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. March 2022 WASDE - 622 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Feb Mar Million Acres Area Planted 2.55 3.04 2.53 2.53 Area Harvested 2.48 2.99 2.49 2.49 Fil ler Pounds Yield per Harvested Acre 7,473 7,619 7,709 7,709 Million Hundredweight Beginning Stocks 2/ 44.9 28.7 43.7 43.7 Production 185.1 227.5 191.8 191.8 Imports 37.3 34.1 30.5 30.5 Supply, Total 267.3 290.2 266.0 266.0 Domestic & Residual 3/ 144.4 152.7 145.5 145.5 Exports, Total 4/ 94.2 93.9 87.0 86.0 Rough 31.3 34.6 34.0 34.0 Milled (rough equiv.) 62.9 59.3 53.0 52.0 Use, Total 238.6 246.6 232.5 231.5 Ending Stocks 28.7 43.7 33.5 34.5 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 13.60 14.40 15.70 15.90 Total LONG -GRAIN RICE 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. February March Harvested Acres (mil.) 1.73 2.30 1.94 1.94 Yield (pounds/acre) 7,261 7,422 7,471 7,471 Beginning Stocks 32.6 16.9 29.7 29.7 Imports 29.8 27.4 24.0 24.0 Production 125.6 170.8 144.6 144.6 Supply, Total 7/ 188.0 215.1 198.4 198.4 Domestic & Residual 3/ 106.3 120.2 113.0 113.0 Exports 8/ 64.8 65.1 64.0 64.0 Use, Total 171.1 185.3 177.0 177.0 Ending Stocks 16.9 29.7 21.4 21.4 Avg. Farm Price ($/cwt) 6/ 12.00 12.60 13.50 14.00 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. February March Harvested Acres (mil.) 0.75 0.69 0.55 0.55 Yield (pounds/acre) 7,964 8,282 8,543 8,543 Beginning Stocks 10.2 10.7 11.5 11.5 Imports 7.6 6.7 6.5 6.5 Production 59.5 56.7 47.2 47.2 Supply, Total 7/ 78.3 72.7 65.1 65.1 Domestic & Residual 3/ 38.2 32.4 32.5 32.5 Exports 8/ 29.4 28.8 23.0 22.0 Use, Total 67.6 61.2 55.5 54.5 Ending Stocks 10.7 11.5 9.6 10.6 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 18.20 20.10 22.10 21.60 California 10/ 21.60 22.60 26.00 25.00 Other States 1/ 11.60 13.00 13.90 14.40 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2017/18 -1.4; 2018/19-2.1; 2019/20 -1.0. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farm ers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The California medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. 10/ Marketing year beginning October 1. March 2022 WASDE - 622 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Feb Mar Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 76.1 83.4 87.2 87.2 Area Harvested 74.9 82.6 86.3 86.3 Fil ler Bushels Yield per Harvested Acre 47.4 51.0 51.4 51.4 Million Bushels Beginning Stocks 909 525 257 257 Production 3,552 4,216 4,435 4,435 Imports 15 20 15 15 Supply, Total 4,476 4,761 4,707 4,707 Crushings 2,165 2,141 2,215 2,215 Exports 1,679 2,261 2,050 2,090 Seed 97 101 102 102 Residual 11 1 16 15 Use, Total 3,952 4,504 4,382 4,422 Ending Stocks 525 257 325 285 Avg. Farm Price ($/bu) 2/ 8.57 10.80 13.00 13.25 Total SOYBEAN OIL 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. February March Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,775 1,853 2,131 2,131 Production 4/ 24,911 25,023 26,205 26,205 Imports 320 302 450 450 Supply, Total 27,006 27,177 28,786 28,786 Domestic Disappearance 22,317 23,323 25,285 25,085 Biofuel 3/ 8,658 8,850 11,000 10,700 Food, Feed & other Industrial 13,659 14,473 14,285 14,385 Exports 2,837 1,723 1,425 1,625 Use, Total 25,154 25,046 26,710 26,710 Ending stocks 1,853 2,131 2,076 2,076 Avg. Price (c/lb) 2/ 29.65 56.87 66.00 68.00 Total SOYBEAN MEAL 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. February March Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 402 341 341 341 Production 4/ 51,100 50,565 51,909 51,909 Imports 639 783 450 450 Supply, Total 52,142 51,689 52,700 52,700 Domestic Disappearance 37,967 37,580 37,900 37,900 Exports 13,834 13,768 14,400 14,400 Use, Total 51,801 51,348 52,300 52,300 Ending Stocks 341 341 400 400 Avg. Price ($/s.t.) 2/ 299.50 392.31 410.00 420.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects soybean oil used for biofuels as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,134 million bushels for 2020/21 and 2,215 million bushels for 2021/22. March 2022 WASDE - 622 - 16 U.S. Sugar Supply and Use 1/ 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Feb Mar Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,783 1,618 1,705 1,705 Production 2/ 8,149 9,233 9,442 9,384 Beet Sugar 4,351 5,092 5,401 5,389 Cane Sugar 3,798 4,141 4,041 3,996 Florida 2,106 2,090 2,005 1,960 Louisiana 1,566 1,918 1,906 1,906 Texas 126 134 130 130 Imports 4,165 3,195 3,012 3,043 TRQ 3/ 2,152 1,749 1,547 1,568 Other Program 4/ 432 292 250 250 Other 5/ 1,581 1,154 1,215 1,225 Mexico 1,376 968 1,065 1,050 Total Supply 14,097 14,046 14,158 14,132 Exports 61 49 35 35 Deliveries 12,344 12,252 12,305 12,405 Food 12,246 12,135 12,200 12,300 Other 6/ 98 116 105 105 Miscellaneous 74 40 0 0 Total Use 12,479 12,341 12,340 12,440 Ending Stocks 1,618 1,705 1,818 1,692 Stocks to Use Ratio 13.0 13.8 14.7 13.6 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2020/21 and 2021/22 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2020/21, WTO raw sugar TRQ shortfall (114) and for 2021/22 (230). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Imports from Mexico; and high- tier tariff sugar and syrups not otherwise specified -- for 2019/20 (206), 2020/21 (186), and 2021/22 (175). 6/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Tota l refiner license transfers for SCP and POLY inclusive of WASDE -reported deliveries: 2019/20 -- 298; estimated 2020/21 -- 298; projected 2021/22 -- 313. Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2020/21 Est. Feb 858 5,715 65 4,420 1,165 1,053 2020/21 Est. Mar 858 5,715 65 4,420 1,165 1,053 2021/22 Proj. Feb 1,053 5,979 54 4,412 1,755 919 2021/22 Proj. Mar 1,053 5,979 50 4,412 1,751 919 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2019/20 = 1,388; Estimated 2020/21 = 1,320; Projected 2021/22 = 1,310; Estimated Oct - Jan 2022 = 423, Oct - Jan 2021 = 436. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IM MEX: 2020/21 (485 est =451 dom.+33 import); 2021/22 (497 proj = 462 dom.+35 import). Statistical Adjustments: 2020/21 (0), 2021/22 (0). March 2022 WASDE - 622 - 17 U.S. Cotton Supply and Use 1/ 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Feb Mar Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 13.74 12.09 11.22 11.22 Harvested 11.50 8.27 9.97 9.97 Fil ler Pounds Yield per Harvested Acre 831 847 849 849 Million 480 Pound Bales Beginning Stocks 4.85 7.25 3.15 3.15 Production 19.91 14.61 17.62 17.62 Imports 0.00 0.00 0.01 0.01 Supply, Total 24.77 21.86 20.78 20.78 Domestic Use 2.15 2.40 2.55 2.55 Exports, Total 15.51 16.37 14.75 14.75 Use, Total 17.66 18.77 17.30 17.30 Unaccounted 2/ -0.15 -0.06 -0.02 -0.02 Ending Stocks 7.25 3.15 3.50 3.50 Avg. Farm Price 3/ 59.6 66.3 90.0 90.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. March 2022 WASDE - 622 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 281.21 762.37 188.37 139.65 746.75 193.87 296.83 World Less China 143.12 628.77 182.99 120.65 620.75 192.82 146.81 United States 29.39 52.58 2.83 2.59 30.44 26.37 27.99 Total Foreign 251.82 709.79 185.54 137.06 716.32 167.50 268.84 Major Exporters 4/ 37.35 308.48 7.55 73.87 179.65 141.35 32.38 Argentina 1.74 19.75 0.01 0.05 6.35 12.79 2.36 Australia 4.44 14.48 0.89 4.50 8.00 9.14 2.68 Canada 6.04 32.67 0.68 4.62 9.75 24.14 5.50 European Union 5/ 15.80 138.80 5.55 45.50 107.25 39.79 13.11 Russia 7.78 73.61 0.33 17.00 40.00 34.49 7.23 Ukraine 1.56 29.17 0.09 2.20 8.30 21.02 1.50 Major Importers 6/ 179.09 201.29 122.98 37.09 297.91 13.21 192.24 Bangladesh 1.26 1.20 6.80 0.30 7.50 0.00 1.76 Brazil 1.06 5.20 7.03 0.50 12.10 0.43 0.76 China 138.09 133.60 5.38 19.00 126.00 1.05 150.02 Japan 1.08 1.10 5.68 0.65 6.37 0.29 1.21 N. Africa 7/ 15.54 18.40 27.74 1.85 46.25 1.07 14.36 Nigeria 0.20 0.06 5.34 0.05 4.90 0.40 0.30 Sel. Mideast 8/ 11.13 20.95 18.68 3.60 38.47 0.78 11.51 Southeast Asia 9/ 5.95 0.00 26.46 7.94 25.37 1.13 5.91 Selected Other India 16.99 103.60 0.02 6.00 95.40 0.51 24.70 Kazakhstan 1.71 11.45 0.58 1.30 6.10 6.99 0.66 United Kingdom 1.91 15.60 1.75 7.70 15.20 1.62 2.44 2020/21 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 296.83 776.00 194.77 157.68 782.56 202.64 290.27 World Less China 146.81 641.75 184.15 117.68 632.56 201.88 146.15 United States 27.99 49.75 2.73 2.59 30.48 26.99 23.00 Total Foreign 268.84 726.25 192.04 155.09 752.08 175.66 267.27 Major Exporters 4/ 32.38 323.83 6.66 72.81 179.41 147.50 35.96 Argentina 2.36 17.64 0.01 0.05 6.35 11.53 2.12 Australia 2.68 33.30 0.20 4.50 8.00 23.85 4.33 Canada 5.50 35.18 0.55 4.16 9.11 26.43 5.69 European Union 5/ 13.11 126.93 5.38 42.50 104.75 29.74 10.93 Russia 7.23 85.35 0.40 19.00 42.50 39.10 11.38 Ukraine 1.50 25.42 0.13 2.60 8.70 16.85 1.51 Major Importers 6/ 192.24 201.00 124.86 57.38 323.92 12.62 181.56 Bangladesh 1.76 1.18 7.20 0.50 8.00 0.00 2.14 Brazil 0.76 6.25 6.40 0.40 12.05 0.93 0.43 China 150.02 134.25 10.62 40.00 150.00 0.76 144.12 Japan 1.21 1.00 5.49 0.65 6.35 0.30 1.05 N. Africa 7/ 14.36 16.60 28.50 1.75 46.82 0.80 11.84 Nigeria 0.30 0.06 6.59 0.05 5.55 0.60 0.79 Sel. Mideast 8/ 11.51 20.43 17.74 3.54 38.95 0.62 10.10 Southeast Asia 9/ 5.91 0.00 25.64 7.09 24.85 1.14 5.56 Selected Other India 24.70 107.86 0.02 6.50 102.22 2.56 27.80 Kazakhstan 0.66 14.26 1.00 1.45 6.25 8.19 1.48 United Kingdom 2.44 9.66 3.22 5.96 13.46 0.45 1.42 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2022 WASDE - 622 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Feb 289.87 776.42 204.76 160.69 788.08 206.69 278.21 Mar 290.27 778.52 201.27 162.14 787.28 203.11 281.51 World Less China Feb 145.75 639.47 195.26 125.69 640.58 205.79 136.04 Mar 146.15 641.58 191.77 127.14 639.78 202.21 139.35 United States Feb 23.00 44.79 2.72 2.99 30.84 22.05 17.63 Mar 23.00 44.79 2.59 2.99 30.84 21.77 17.77 Total Foreign Feb 266.87 731.63 202.04 157.70 757.24 184.65 260.57 Mar 267.27 733.73 198.69 159.15 756.45 181.34 263.74 Major Exporters 4/ Feb 35.96 323.55 6.60 76.05 182.65 151.20 32.26 Mar 35.96 325.61 6.00 77.55 184.05 146.50 37.02 Argentina Feb 2.12 20.50 0.00 0.05 6.55 14.00 2.08 Mar 2.12 20.50 0.00 0.05 6.55 14.00 2.08 Australia Feb 4.33 34.00 0.20 5.00 8.50 25.50 4.53 Mar 4.33 36.30 0.20 5.50 9.00 27.50 4.33 Canada Feb 5.69 21.65 0.60 4.50 9.60 15.20 3.14 Mar 5.69 21.65 0.60 4.50 9.50 15.50 2.94 European Union 5/ Feb 10.93 138.90 5.20 45.50 107.65 37.50 9.88 Mar 10.93 139.00 4.80 45.50 107.65 37.50 9.58 Russia Feb 11.38 75.50 0.50 18.50 41.75 35.00 10.63 Mar 11.38 75.16 0.30 18.50 41.75 32.00 13.09 Ukraine Feb 1.51 33.00 0.10 2.50 8.60 24.00 2.01 Mar 1.51 33.00 0.10 3.50 9.60 20.00 5.01 Major Importers 6/ Feb 181.56 204.60 135.75 55.06 326.95 13.62 181.33 Mar 181.56 204.60 134.05 55.11 326.60 13.42 180.19 Bangladesh Feb 2.14 1.13 7.50 0.60 8.50 0.00 2.27 Mar 2.14 1.13 7.50 0.60 8.50 0.00 2.27 Brazil Feb 0.43 7.70 6.70 0.80 12.60 1.50 0.73 Mar 0.43 7.70 6.70 0.80 12.50 1.70 0.63 China Feb 144.12 136.95 9.50 35.00 147.50 0.90 142.17 Mar 144.12 136.95 9.50 35.00 147.50 0.90 142.17 Japan Feb 1.05 1.10 5.60 0.63 6.30 0.30 1.15 Mar 1.05 1.10 5.60 0.63 6.30 0.30 1.15 N. Africa 7/ Feb 11.84 21.59 29.00 1.97 48.02 1.01 13.40 Mar 11.84 21.59 28.20 1.97 47.92 0.61 13.10 Nigeria Feb 0.79 0.09 6.20 0.05 5.85 0.60 0.63 Mar 0.79 0.09 6.20 0.05 5.85 0.60 0.63 Sel. Mideast 8/ Feb 10.10 16.49 24.55 4.07 39.80 0.71 10.64 Mar 10.10 16.49 24.35 4.07 39.60 0.71 10.64 Southeast Asia 9/ Feb 5.56 0.00 26.10 7.40 25.34 1.16 5.16 Mar 5.56 0.00 26.40 7.70 25.64 1.16 5.16 Selected Other India Feb 27.80 109.52 0.03 7.00 104.25 7.00 26.10 Mar 27.80 109.59 0.03 7.00 103.50 8.50 25.42 Kazakhstan Feb 1.48 11.81 1.20 1.25 6.05 7.30 1.14 Mar 1.48 11.81 1.40 1.25 6.05 7.40 1.24 United Kingdom Feb 1.42 14.00 2.30 7.35 15.30 0.70 1.72 Mar 1.42 14.00 2.30 7.35 15.30 0.70 1.72 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some co untries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirat es, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2022 WASDE - 622 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 351.78 1,417.09 204.98 883.77 1,432.20 210.73 336.67 World Less China 141.12 1,148.02 187.50 682.05 1,135.99 210.69 135.71 United States 60.47 359.43 3.11 154.53 320.73 50.45 51.83 Total Foreign 291.31 1,057.65 201.87 729.24 1,111.48 160.28 284.84 Major Exporters 4/ 19.49 307.77 4.59 134.48 179.12 128.50 24.24 Argentina 3.50 57.94 0.02 12.12 17.58 39.31 4.57 Australia 2.43 12.00 0.01 5.66 7.55 3.87 3.01 Brazil 5.67 105.82 2.32 61.71 72.84 35.14 5.82 Canada 3.29 28.61 1.92 17.23 24.93 4.91 3.98 Russia 1.22 40.50 0.18 22.29 31.39 8.63 1.87 Ukraine 2.04 46.55 0.03 8.99 11.99 34.08 2.55 Major Importers 5/ 37.34 248.31 142.37 293.19 375.33 15.98 36.71 European Union 6/ 14.51 152.82 19.42 119.90 158.94 13.65 14.16 Japan 1.75 0.23 17.63 13.91 17.87 0.00 1.74 Mexico 5.78 32.10 17.60 30.83 50.31 1.03 4.14 N. Afr & Mideast 7/ 7.39 33.22 41.65 64.98 73.45 0.69 8.12 Saudi Arabia 1.70 0.20 11.22 11.05 11.40 0.00 1.72 Southeast Asia 8/ 3.38 29.40 18.20 38.50 46.55 0.61 3.82 South Korea 1.86 0.28 11.98 9.55 12.09 0.00 2.02 Selected Other China 210.66 269.07 17.48 201.72 296.21 0.04 200.96 2020/21 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 336.67 1,433.99 233.75 901.02 1,449.95 231.98 320.70 World Less China 135.71 1,164.90 183.22 680.07 1,136.84 231.97 113.25 United States 51.83 372.89 2.48 146.49 315.70 77.48 34.01 Total Foreign 284.84 1,061.10 231.27 754.54 1,134.25 154.50 286.69 Major Exporters 4/ 24.24 295.59 5.53 133.66 179.76 125.89 19.70 Argentina 4.57 59.50 0.02 11.28 17.01 45.21 1.86 Australia 3.01 16.69 0.00 5.13 7.00 10.36 2.33 Brazil 5.82 90.96 3.40 62.52 73.96 21.01 5.22 Canada 3.98 29.64 1.90 16.73 24.68 7.23 3.61 Russia 1.87 41.40 0.09 21.47 31.04 10.42 1.90 Ukraine 2.55 39.59 0.07 9.25 12.41 28.15 1.65 Major Importers 5/ 36.71 252.34 136.90 294.19 376.66 13.21 36.08 European Union 6/ 14.16 155.21 15.86 120.30 159.73 11.45 14.06 Japan 1.74 0.23 16.98 13.32 17.20 0.00 1.75 Mexico 4.14 32.66 17.15 30.34 49.84 0.51 3.60 N. Afr & Mideast 7/ 8.12 33.30 38.06 63.09 71.30 0.69 7.50 Saudi Arabia 1.72 0.19 10.03 10.25 10.61 0.00 1.33 Southeast Asia 8/ 3.82 30.45 22.54 42.82 51.10 0.57 5.14 South Korea 2.02 0.22 11.81 9.55 12.10 0.00 1.95 Selected Other China 200.96 269.08 50.53 220.95 313.11 0.01 207.46 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, an d Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indone sia, Malaysia, Philippines, Thailand, and Vietnam. March 2022 WASDE - 622 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Feb 321.29 1,497.36 237.52 921.57 1,491.64 253.08 327.00 Mar 320.70 1,498.89 235.00 922.82 1,493.54 250.02 326.06 World Less China Feb 113.83 1,216.50 190.37 687.62 1,167.29 253.03 115.94 Mar 113.25 1,218.04 187.65 688.67 1,168.99 249.97 115.00 United States Feb 34.01 398.71 2.40 147.76 323.75 69.75 41.63 Mar 34.01 398.71 2.44 147.76 324.38 71.65 39.13 Total Foreign Feb 287.27 1,098.65 235.12 773.81 1,167.89 183.33 285.37 Mar 286.69 1,100.19 232.55 775.07 1,169.16 178.37 286.93 Major Exporters 4/ Feb 20.46 332.17 6.59 138.75 183.84 154.73 20.65 Mar 19.70 331.38 6.64 141.68 186.85 149.40 21.47 Argentina Feb 2.26 63.39 0.01 11.96 17.63 44.80 3.22 Mar 1.86 62.39 0.01 11.96 17.63 44.80 1.82 Australia Feb 2.34 17.05 0.00 5.40 7.28 10.58 1.54 Mar 2.33 18.10 0.00 5.50 7.38 11.28 1.78 Brazil Feb 5.32 118.02 2.50 65.09 77.03 43.03 5.79 Mar 5.22 118.02 2.50 65.09 77.03 43.03 5.69 Canada Feb 3.61 24.21 3.91 17.75 25.00 4.05 2.69 Mar 3.61 24.21 3.96 17.55 24.85 4.25 2.69 Russia Feb 1.90 38.31 0.10 21.24 29.91 9.23 1.17 Mar 1.90 38.54 0.10 21.23 29.91 9.23 1.40 Ukraine Feb 1.65 53.59 0.03 9.91 12.94 39.84 2.48 Mar 1.65 53.27 0.03 12.94 16.02 33.61 5.32 Major Importers 5/ Feb 36.08 248.15 140.73 294.72 378.01 14.32 32.64 Mar 36.08 248.02 138.43 292.29 375.58 14.32 32.64 European Union 6/ Feb 14.06 154.95 16.48 118.97 158.59 12.76 14.13 Mar 14.06 154.82 16.50 118.85 158.47 12.73 14.17 Japan Feb 1.75 0.25 17.24 13.83 17.77 0.00 1.46 Mar 1.75 0.25 17.24 13.83 17.77 0.00 1.46 Mexico Feb 3.60 33.35 18.05 30.99 50.54 0.60 3.86 Mar 3.60 33.35 18.05 30.99 50.54 0.60 3.86 N. Afr & Mideast 7/ Feb 7.50 29.20 43.51 64.76 73.46 0.39 6.37 Mar 7.50 29.20 41.49 62.75 71.45 0.42 6.33 Saudi Arabia Feb 1.33 0.20 9.61 9.36 9.71 0.00 1.43 Mar 1.33 0.20 9.71 9.46 9.81 0.00 1.43 Southeast Asia 8/ Feb 5.14 29.91 19.45 42.75 51.05 0.58 2.88 Mar 5.14 29.91 19.05 42.35 50.65 0.58 2.88 South Korea Feb 1.95 0.22 11.81 9.55 12.11 0.00 1.87 Mar 1.95 0.22 11.81 9.55 12.11 0.00 1.87 Selected Other China Feb 207.46 280.85 47.15 233.95 324.35 0.05 211.06 Mar 207.46 280.85 47.35 234.15 324.55 0.05 211.06 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit , and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Afr ica and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade ex cludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2022 WASDE - 622 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 322.35 1,119.60 167.66 715.58 1,135.62 172.25 306.33 World Less China 112.17 858.82 160.08 522.58 857.62 172.23 105.80 United States 56.41 345.96 1.06 149.87 309.55 45.13 48.76 Total Foreign 265.94 773.63 166.60 565.70 826.07 127.11 257.57 Major Exporters 4/ 9.97 219.01 1.74 88.40 110.40 106.94 13.37 Argentina 2.37 51.00 0.00 9.50 13.50 36.25 3.62 Brazil 5.31 102.00 1.66 58.50 68.50 35.14 5.33 Russia 0.38 14.28 0.05 8.80 9.80 4.07 0.83 South Africa 1.02 15.84 0.00 6.40 12.20 2.55 2.12 Ukraine 0.89 35.89 0.03 5.20 6.40 28.93 1.48 Major Importers 5/ 22.24 129.30 93.95 163.15 217.65 7.04 20.81 Egypt 1.81 6.40 10.43 14.40 16.90 0.01 1.73 European Union 6/ 7.64 66.74 17.38 59.10 79.00 5.39 7.38 Japan 1.45 0.00 15.89 12.40 15.95 0.00 1.39 Mexico 5.16 26.66 16.53 25.60 43.80 1.03 3.52 Southeast Asia 7/ 3.37 29.35 17.26 37.70 45.55 0.61 3.81 South Korea 1.84 0.08 11.88 9.50 11.80 0.00 2.00 Selected Other 0.00 Canada 1.98 13.40 1.84 8.64 13.96 0.71 2.56 China 210.18 260.78 7.58 193.00 278.00 0.01 200.53 2020/21 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2 / Exports Ending Stocks World 3/ 306.33 1,123.28 185.69 721.56 1,138.16 181.76 291.45 World Less China 105.80 862.61 156.18 518.56 853.16 181.75 85.74 United States 48.76 358.45 0.62 142.20 306.54 69.92 31.36 Total Foreign 257.57 764.83 185.07 579.37 831.62 111.84 260.09 Major Exporters 4/ 13.37 199.62 2.97 90.50 113.10 92.95 9.91 Argentina 3.62 51.50 0.01 9.50 13.50 40.60 1.02 Brazil 5.33 87.00 2.90 59.00 69.50 21.00 4.73 Russia 0.83 13.87 0.04 8.90 10.00 3.99 0.75 South Africa 2.12 16.95 0.01 7.20 13.00 3.50 2.58 Ukraine 1.48 30.30 0.02 5.90 7.10 23.86 0.83 Major Importers 5/ 20.81 131.40 92.89 163.75 218.96 4.79 21.35 Egypt 1.73 6.40 9.63 13.90 16.40 0.01 1.36 European Union 6/ 7.38 67.09 14.49 57.20 77.60 3.73 7.63 Japan 1.39 0.00 15.48 11.90 15.40 0.00 1.47 Mexico 3.52 27.35 16.50 25.60 43.80 0.48 3.08 Southeast Asia 7/ 3.81 30.40 20.69 41.15 49.20 0.57 5.14 South Korea 2.00 0.08 11.71 9.50 11.86 0.00 1.93 Selected Other 0.00 Canada 2.56 13.56 1.58 8.62 14.01 1.52 2.17 China 200.53 260.67 29.51 203.00 285.00 0.00 205.70 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2022 WASDE - 622 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Feb 292.05 1,205.35 188.17 751.86 1,195.17 203.67 302.22 Mar 291.45 1,206.14 185.63 753.45 1,196.62 199.90 300.97 World Less China Feb 86.34 932.79 162.17 537.86 901.17 203.65 91.99 Mar 85.74 933.59 159.63 539.45 902.62 199.88 90.73 United States Feb 31.36 383.94 0.64 143.52 315.23 61.60 39.11 Mar 31.36 383.94 0.64 143.52 315.86 63.50 36.57 Total Foreign Feb 260.69 821.40 187.53 608.35 879.94 142.07 263.11 Mar 260.09 822.20 185.00 609.93 880.76 136.40 264.40 Major Exporters 4/ Feb 10.66 242.00 2.07 95.30 118.60 123.20 12.93 Mar 9.91 240.43 2.07 98.30 121.60 117.20 13.61 Argentina Feb 1.42 54.00 0.01 10.00 14.00 39.00 2.43 Mar 1.02 53.00 0.01 10.00 14.00 39.00 1.03 Brazil Feb 4.83 114.00 2.00 61.50 72.50 43.00 5.33 Mar 4.73 114.00 2.00 61.50 72.50 43.00 5.23 Russia Feb 0.75 15.00 0.05 9.80 10.90 4.50 0.40 Mar 0.75 15.23 0.05 9.80 10.90 4.50 0.63 South Africa Feb 2.83 17.00 0.00 7.30 13.30 3.20 3.33 Mar 2.58 16.30 0.00 7.30 13.30 3.20 2.38 Ukraine Feb 0.83 42.00 0.02 6.70 7.90 33.50 1.45 Mar 0.83 41.90 0.02 9.70 10.90 27.50 4.35 Major Importers 5/ Feb 21.35 133.98 91.80 166.80 222.25 6.08 18.80 Mar 21.35 133.82 91.20 166.10 221.55 6.08 18.74 Egypt Feb 1.36 6.40 10.30 14.30 16.80 0.01 1.25 Mar 1.36 6.40 9.70 13.70 16.20 0.01 1.25 European Union 6/ Feb 7.63 69.96 15.00 59.30 79.90 4.90 7.79 Mar 7.63 69.80 15.00 59.20 79.80 4.90 7.73 Japan Feb 1.47 0.01 15.60 12.30 15.85 0.00 1.22 Mar 1.47 0.01 15.60 12.30 15.85 0.00 1.22 Mexico Feb 3.08 27.60 17.30 26.00 44.20 0.60 3.18 Mar 3.08 27.60 17.30 26.00 44.20 0.60 3.18 Southeast Asia 7/ Feb 5.14 29.86 17.40 40.90 48.95 0.58 2.87 Mar 5.14 29.86 17.40 40.90 48.95 0.58 2.87 South Korea Feb 1.93 0.08 11.70 9.50 11.85 0.00 1.86 Mar 1.93 0.08 11.70 9.50 11.85 0.00 1.86 Selected Other Canada Feb 2.17 13.98 3.80 11.80 17.00 1.00 1.95 Mar 2.17 13.98 3.80 11.80 17.00 1.00 1.95 China Feb 205.70 272.55 26.00 214.00 294.00 0.02 210.24 Mar 205.70 272.55 26.00 214.00 294.00 0.02 210.24 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2022 WASDE - 622 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 176.66 498.82 42.39 493.74 43.43 181.74 World Less China 61.66 352.09 39.79 348.51 40.83 65.24 United States 1.42 5.88 1.19 4.59 2.99 0.91 Total Foreign 175.24 492.95 41.21 489.16 40.44 180.83 Major Exporters 4/ 36.69 183.69 0.66 149.30 30.51 41.22 Burma 1.06 12.65 0.00 10.40 2.30 1.01 India 29.50 118.87 0.00 101.95 12.52 33.90 Pakistan 0.95 7.41 0.01 3.40 3.82 1.15 Thailand 4.08 17.66 0.25 12.30 5.71 3.98 Vietnam 1.10 27.10 0.40 21.25 6.17 1.18 Major Importers 5/ 127.82 239.80 13.98 249.85 3.18 128.56 China 115.00 146.73 2.60 145.23 2.60 116.50 European Union 6/ 1.19 1.99 2.01 3.39 0.53 1.27 Indonesia 4.06 34.70 0.55 36.00 0.00 3.31 Nigeria 1.22 5.04 1.40 6.85 0.00 0.81 Philippines 3.52 11.93 2.45 14.30 0.00 3.60 Sel. Mideast 7/ 0.89 2.34 3.97 5.98 0.00 1.22 Selected Other 0.00 Brazil 0.24 7.60 0.90 7.30 1.22 0.21 C. Amer & Carib 8/ 0.61 1.63 1.87 3.41 0.04 0.66 Egypt 0.95 4.30 0.30 4.30 0.02 1.23 Japan 2.05 7.61 0.71 8.35 0.03 1.98 Mexico 0.15 0.18 0.80 0.94 0.02 0.18 South Korea 1.09 3.74 0.45 4.10 0.06 1.14 2020/21 Est. Beginning Stocks Productio n Imports Total /2 Domestic Exports Ending Stocks World 3/ 181.74 509.68 46.38 503.91 50.68 187.51 World Less China 65.24 361.38 42.17 353.62 48.45 71.01 United States 0.91 7.22 1.08 4.85 2.98 1.39 Total Foreign 180.83 502.45 45.30 499.06 47.69 186.12 Major Exporters 4/ 41.22 191.63 2.01 149.57 38.31 46.98 Burma 1.01 12.60 0.00 10.55 1.90 1.16 India 33.90 124.37 0.00 101.07 20.20 37.00 Pakistan 1.15 8.42 0.01 3.80 3.88 1.90 Thailand 3.98 18.86 0.20 12.70 6.06 4.28 Vietnam 1.18 27.38 1.80 21.45 6.27 2.64 Major Importers 5/ 128.56 240.72 17.00 255.42 2.71 128.16 China 116.50 148.30 4.22 150.29 2.22 116.50 European Union 6/ 1.27 1.95 1.79 3.40 0.45 1.16 Indonesia 3.31 35.30 0.60 35.80 0.00 3.41 Nigeria 0.81 4.89 2.20 7.10 0.00 0.80 Philippines 3.60 12.42 2.20 14.45 0.00 3.76 Sel. Mideast 7/ 1.22 2.31 3.25 5.83 0.00 0.95 Selected Other 0.00 Brazil 0.21 8.00 0.66 7.45 0.85 0.58 C. Amer & Carib 8/ 0.66 1.59 1.62 3.29 0.04 0.54 Egypt 1.23 4.00 0.22 4.30 0.01 1.15 Japan 1.98 7.57 0.65 8.25 0.08 1.87 Mexico 0.18 0.20 0.81 0.96 0.02 0.21 South Korea 1.14 3.51 0.43 4.00 0.05 1.02 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. March 2022 WASDE - 622 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Feb 186.42 510.31 49.72 510.40 50.86 186.33 Mar 187.51 514.07 50.07 511.06 51.34 190.52 World Less China Feb 69.92 361.32 45.12 355.56 48.61 73.33 Mar 71.01 365.08 45.47 356.22 49.09 77.52 United States Feb 1.39 6.09 0.97 4.62 2.76 1.06 Mar 1.39 6.09 0.97 4.62 2.73 1.10 Total Foreign Feb 185.04 504.22 48.75 505.78 48.10 185.27 Mar 186.12 507.98 49.10 506.44 48.61 189.43 Major Exporters 4/ Feb 45.93 192.79 0.81 152.25 39.05 48.23 Mar 46.98 197.19 0.81 152.75 39.65 52.58 Burma Feb 1.11 12.60 0.00 10.65 1.90 1.17 Mar 1.16 12.60 0.00 10.65 1.90 1.22 India Feb 36.00 125.00 0.00 103.00 20.00 38.00 Mar 37.00 129.00 0.00 103.50 20.50 42.00 Pakistan Feb 1.90 8.70 0.01 4.10 4.15 2.35 Mar 1.90 8.70 0.01 4.10 4.15 2.35 Thailand Feb 4.28 19.30 0.20 13.00 6.50 4.28 Mar 4.28 19.70 0.20 13.00 6.60 4.58 Vietnam Feb 2.64 27.19 0.60 21.50 6.50 2.43 Mar 2.64 27.19 0.60 21.50 6.50 2.43 Major Importers 5/ Feb 128.26 242.84 19.08 261.16 2.72 126.31 Mar 128.16 242.84 19.08 261.11 2.72 126.26 China Feb 116.50 148.99 4.60 154.84 2.25 113.00 Mar 116.50 148.99 4.60 154.84 2.25 113.00 European Union 6/ Feb 1.16 1.85 1.93 3.44 0.44 1.06 Mar 1.16 1.85 1.93 3.44 0.44 1.06 Indonesia Feb 3.41 35.40 0.60 35.60 0.00 3.81 Mar 3.41 35.40 0.60 35.60 0.00 3.81 Nigeria Feb 0.90 5.00 2.20 7.25 0.00 0.85 Mar 0.80 5.00 2.20 7.20 0.00 0.80 Philippines Feb 3.76 12.40 3.00 14.95 0.00 4.21 Mar 3.76 12.40 3.00 14.95 0.00 4.21 Sel. Mideast 7/ Feb 0.95 2.15 3.75 5.83 0.00 1.02 Mar 0.95 2.15 3.75 5.83 0.00 1.02 Selected Other Brazil Feb 0.65 7.68 0.65 7.55 0.90 0.53 Mar 0.58 7.28 0.68 7.45 0.80 0.28 C. Amer & Carib 8/ Feb 0.54 1.62 1.83 3.37 0.02 0.60 Mar 0.54 1.61 1.83 3.36 0.02 0.59 Egypt Feb 1.15 2.90 0.90 4.25 0.01 0.70 Mar 1.15 2.90 0.90 4.25 0.01 0.70 Japan Feb 1.87 7.56 0.69 8.20 0.07 1.85 Mar 1.87 7.56 0.69 8.20 0.07 1.85 Mexico Feb 0.21 0.21 0.80 0.97 0.01 0.24 Mar 0.21 0.19 0.80 0.97 0.01 0.22 South Korea Feb 1.02 3.88 0.44 3.95 0.06 1.34 Mar 1.02 3.88 0.44 3.95 0.06 1.34 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. March 2022 WASDE - 622 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2019/20 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 80.23 121.01 40.56 103.72 41.08 -0.05 97.04 World Less China 44.56 93.76 33.42 70.72 40.92 -0.05 60.14 United States 4.85 19.91 3/ 2.15 15.51 -0.15 7.25 Total Foreign 75.38 101.10 40.55 101.57 25.56 0.10 89.79 Major Exporters 4/ 28.29 57.40 2.92 28.89 21.15 0.02 38.53 Central Asia 5/ 2.28 5.96 3/ 3.92 1.76 0.00 2.56 Afr. Fr. Zone 6/ 1.40 5.80 3/ 0.13 4.60 0.00 2.46 S. Hemis. 7/ 15.31 16.69 0.14 3.56 11.34 0.01 17.22 Australia 1.57 0.63 3/ 0.04 1.36 0.00 0.80 Brazil 12.26 13.78 0.01 2.70 8.94 0.00 14.40 India 8.60 28.50 2.28 20.50 3.20 0.00 15.68 Major Importers 8/ 45.12 40.62 35.44 69.04 3.19 0.08 48.87 Mexico 0.69 1.57 0.59 1.48 0.66 0.03 0.69 China 35.67 27.25 7.14 33.00 0.16 0.00 36.90 European Union 9/ 0.46 2.00 0.58 0.59 1.82 0.00 0.63 Turkey 1.69 3.45 4.67 6.60 0.45 0.00 2.77 Pakistan 2.50 6.20 3.98 9.40 0.06 0.03 3.19 Indonesia 0.53 3/ 2.51 2.40 0.00 0.00 0.64 Thailand 0.20 3/ 0.70 0.78 0.00 0.02 0.10 Bangladesh 1.78 0.14 7.50 6.90 0.00 0.01 2.52 Vietnam 1.23 3/ 6.48 6.60 0.00 0.00 1.11 2020/21 Est. Beginning Stocks Productio n Imports Domestic Use Exports Loss /2 Ending Stocks World 97.04 111.79 49.06 122.01 48.53 0.04 87.32 World Less China 60.14 82.29 36.19 82.01 48.52 0.04 48.07 United States 7.25 14.61 3/ 2.40 16.37 -0.06 3.15 Total Foreign 89.79 97.18 49.05 119.61 32.15 0.10 84.17 Major Exporters 4/ 38.53 54.22 1.60 34.98 27.65 0.02 31.69 Central Asia 5/ 2.56 5.80 0.01 4.17 1.99 0.00 2.21 Afr. Fr. Zone 6/ 2.46 4.79 3/ 0.13 5.31 0.00 1.81 S. Hemis. 7/ 17.22 15.68 0.14 4.03 13.61 0.01 15.39 Australia 0.80 2.80 3/ 0.04 1.56 0.00 2.00 Brazil 14.40 10.82 0.01 3.10 11.01 0.00 11.12 India 15.68 27.60 0.84 26.00 6.19 0.00 11.94 Major Importers 8/ 48.87 39.75 45.06 80.68 3.10 0.08 49.83 Mexico 0.69 1.02 0.93 1.70 0.49 0.03 0.43 China 36.90 29.50 12.86 40.00 0.01 0.00 39.25 European Union 9/ 0.63 1.68 0.56 0.59 1.96 0.00 0.32 Turkey 2.77 2.90 5.33 7.70 0.59 0.00 2.71 Pakistan 3.19 4.50 5.33 10.70 0.03 0.03 2.27 Indonesia 0.64 3/ 2.31 2.45 0.01 0.00 0.50 Thailand 0.10 3/ 0.60 0.61 0.00 0.02 0.08 Bangladesh 2.52 0.15 8.75 8.50 0.00 0.01 2.90 Vietnam 1.11 3/ 7.31 7.30 0.00 0.00 1.12 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. March 2022 WASDE - 622 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2021/22 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Feb 88.66 120.15 46.44 124.43 46.45 0.07 84.31 Mar 87.32 119.85 46.28 124.54 46.27 0.07 82.57 World Less China Feb 49.41 93.15 36.94 84.93 46.37 0.07 48.13 Mar 48.07 92.85 36.78 85.04 46.19 0.07 46.40 United States Feb 3.15 17.62 0.01 2.55 14.75 -0.02 3.50 Mar 3.15 17.62 0.01 2.55 14.75 -0.02 3.50 filler filler filler filler filler filler filler Total Foreign Feb 85.51 102.53 46.44 121.88 31.70 0.10 80.81 Mar 84.17 102.23 46.27 121.99 31.52 0.10 79.07 Major Exporters 4/ Feb 33.08 60.01 1.88 35.38 27.45 0.02 32.11 Mar 31.69 59.56 1.88 35.38 27.39 0.02 30.33 Central Asia 5/ Feb 2.21 5.68 0.02 4.38 1.51 0.00 2.01 Mar 2.21 5.68 0.02 4.38 1.55 0.00 1.97 Afr. Fr. Zone 6/ Feb 1.81 6.16 3/ 0.13 6.19 0.00 1.64 Mar 1.81 6.16 3/ 0.13 6.24 0.00 1.59 S. Hemis. 7/ Feb 15.27 20.72 0.16 4.22 13.60 0.01 18.32 Mar 15.39 20.77 0.16 4.22 13.65 0.01 18.44 Australia Feb 2.00 5.50 3/ 0.04 4.30 0.00 3.17 Mar 2.00 5.50 3/ 0.04 4.40 0.00 3.07 filler filler filler filler filler filler filler Brazil Feb 11.12 13.20 0.03 3.20 8.20 0.00 12.94 Mar 11.12 13.20 0.03 3.20 8.00 0.00 13.14 India Feb 13.44 27.00 1.10 26.00 5.70 0.00 9.84 Mar 11.94 26.50 1.10 26.00 5.50 0.00 8.04 Major Importers 8/ Feb 49.69 39.29 41.96 82.29 2.55 0.08 46.03 Mar 49.83 39.44 41.89 82.40 2.67 0.08 46.02 Mexico Feb 0.43 1.05 1.08 1.90 0.25 0.03 0.38 Mar 0.43 1.20 1.08 2.00 0.25 0.03 0.43 China Feb 39.25 27.00 9.50 39.50 0.08 0.00 36.18 Mar 39.25 27.00 9.50 39.50 0.08 0.00 36.18 European Union 9/ Feb 0.18 1.48 0.60 0.62 1.51 0.00 0.13 Mar 0.32 1.48 0.60 0.61 1.62 0.00 0.17 Turkey Feb 2.71 3.80 5.20 8.50 0.65 0.00 2.56 Mar 2.71 3.80 5.30 8.50 0.65 0.00 2.66 Pakistan Feb 2.27 5.80 5.50 11.20 0.05 0.03 2.29 Mar 2.27 5.80 5.30 11.20 0.05 0.03 2.09 Indonesia Feb 0.50 3/ 2.50 2.50 0.01 0.00 0.49 Mar 0.50 3/ 2.50 2.50 0.01 0.00 0.49 Thailand Feb 0.08 3/ 0.65 0.63 0.00 0.02 0.08 Mar 0.08 3/ 0.70 0.68 0.00 0.02 0.09 Bangladesh Feb 2.90 0.15 8.30 8.80 0.00 0.01 2.54 Mar 2.90 0.15 8.30 8.80 0.00 0.01 2.54 Vietnam Feb 1.12 3/ 7.50 7.50 0.00 0.00 1.13 Mar 1.12 3/ 7.50 7.50 0.00 0.00 1.13 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. March 2022 WASDE - 622 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 114.74 339.88 165.05 312.11 357.67 165.17 96.83 World Less China 95.28 321.79 66.52 220.61 248.47 165.08 70.04 United States 24.74 96.67 0.42 58.91 61.85 45.70 14.28 Total Foreign 90.00 243.21 164.63 253.20 295.82 119.47 82.55 Major Exporters 3/ 61.73 189.54 5.45 89.09 99.05 110.68 46.99 Argentina 28.89 48.80 4.88 38.77 45.92 10.00 26.65 Brazil 32.47 128.50 0.55 46.74 49.39 92.14 20.00 Paraguay 0.35 10.25 0.01 3.50 3.66 6.62 0.33 Major Importers 4/ 22.36 21.76 131.94 119.98 145.67 0.34 30.05 China 19.46 18.09 98.53 91.50 109.20 0.09 26.79 European Union 1.52 2.62 15.02 15.60 17.17 0.23 1.76 Southeast Asia 0.71 0.60 9.32 4.48 9.77 0.02 0.84 Mexico 0.44 0.24 5.74 6.00 6.05 0.00 0.37 2020/21 Est. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 96.83 366.23 165.24 315.19 362.08 164.48 101.74 World Less China 70.04 346.63 65.48 222.19 250.48 164.41 67.26 United States 14.28 114.75 0.54 58.26 61.05 61.52 6.99 Total Foreign 82.55 251.48 164.70 256.93 301.03 102.96 94.75 Major Exporters 3/ 46.99 195.81 5.85 90.29 100.37 94.81 53.47 Argentina 26.65 46.20 4.82 40.16 47.41 5.20 25.06 Brazil 20.00 138.00 1.02 46.75 49.41 81.65 27.95 Paraguay 0.33 9.90 0.01 3.30 3.47 6.33 0.44 Major Importers 4/ 30.05 23.24 133.38 122.10 148.76 0.27 37.64 China 26.79 19.60 99.76 93.00 111.60 0.07 34.48 European Union 1.76 2.58 14.79 15.80 17.37 0.19 1.57 Southeast Asia 0.84 0.58 9.64 4.75 10.10 0.01 0.96 Mexico 0.37 0.25 6.10 6.20 6.25 0.00 0.46 2021/22 Proj. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ Feb 100.42 363.86 162.76 320.24 369.17 165.03 92.83 Mar 101.74 353.80 156.73 315.26 363.68 158.63 89.96 World Less China Feb 65.93 347.46 65.76 226.24 255.47 164.93 58.75 Mar 67.26 337.40 62.73 223.26 251.98 158.53 56.87 United States Feb 6.99 120.71 0.41 60.28 63.47 55.79 8.84 Mar 6.99 120.71 0.41 60.28 63.46 56.88 7.77 Total Foreign Feb 93.42 243.16 162.35 259.95 305.70 109.24 83.99 Mar 94.75 233.09 156.32 254.98 300.22 101.75 82.19 Major Exporters 3/ Feb 53.47 187.90 3.57 89.18 99.20 100.93 44.81 Mar 53.47 177.82 3.37 88.18 98.21 93.80 42.65 Argentina Feb 25.06 45.00 3.10 40.00 47.20 3.75 22.21 Mar 25.06 43.50 2.90 40.00 47.21 2.75 21.50 Brazil Feb 27.95 134.00 0.45 46.90 49.55 90.50 22.35 Mar 27.95 127.00 0.45 46.25 48.90 85.50 21.00 Paraguay Feb 0.44 6.30 0.01 2.20 2.37 4.15 0.24 Mar 0.44 5.30 0.01 1.85 2.02 3.60 0.14 Major Importers 4/ Feb 36.69 20.22 131.13 123.83 151.80 0.35 35.89 Mar 37.64 20.19 127.66 121.45 149.30 0.34 35.86 China Feb 34.48 16.40 97.00 94.00 113.70 0.10 34.08 Mar 34.48 16.40 94.00 92.00 111.70 0.10 33.08 European Union Feb 1.17 2.75 14.80 16.00 17.72 0.23 0.77 Mar 1.57 2.74 14.50 15.70 17.37 0.23 1.21 Southeast Asia Feb 0.77 0.53 9.85 4.98 10.39 0.02 0.74 Mar 0.96 0.53 9.69 4.90 10.25 0.01 0.91 Mexico Feb 0.10 0.30 6.20 6.40 6.45 0.00 0.15 Mar 0.46 0.29 6.20 6.40 6.45 0.00 0.50 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to roundin g. March 2022 WASDE - 622 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 15.30 245.34 62.01 240.14 67.61 14.90 World Less China 15.30 172.87 61.95 168.63 66.59 14.90 United States 0.37 46.36 0.58 34.44 12.55 0.31 Total Foreign 14.93 198.98 61.43 205.70 55.06 14.59 Major Exporters 3/ 6.90 73.19 0.03 27.37 45.85 6.91 Argentina 2.99 30.24 0.00 3.20 27.46 2.57 Brazil 3.54 36.23 0.01 18.50 17.50 3.77 India 0.38 6.72 0.02 5.67 0.89 0.57 Major Importers 4/ 2.42 22.37 37.36 59.08 0.99 2.08 European Union 0.96 12.32 16.33 28.27 0.87 0.47 Mexico 0.25 4.74 1.82 6.65 0.01 0.15 Southeast Asia 5/ 1.11 3.50 17.36 20.62 0.11 1.23 China 0.00 72.47 0.05 71.51 1.01 0.00 2020/21 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 14.90 247.83 63.86 243.55 68.67 14.37 World Less China 14.90 174.17 63.79 170.87 67.62 14.37 United States 0.31 45.87 0.71 34.09 12.49 0.31 Total Foreign 14.59 201.95 63.15 209.45 56.18 14.06 Major Exporters 3/ 6.91 75.16 0.25 28.43 46.93 6.96 Argentina 2.57 31.32 0.00 3.30 28.32 2.27 Brazil 3.77 36.24 0.02 19.14 16.59 4.31 India 0.57 7.60 0.24 6.00 2.03 0.38 Major Importers 4/ 2.08 22.87 37.26 59.34 1.12 1.76 European Union 0.47 12.49 16.53 28.34 0.85 0.30 Mexico 0.15 4.90 1.85 6.75 0.01 0.15 Southeast Asia 5/ 1.23 3.70 17.05 20.63 0.27 1.08 China 0.00 73.66 0.07 72.68 1.05 0.00 2021/22 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Feb 13.28 251.40 63.72 247.50 68.64 12.27 Mar 14.37 247.55 62.92 244.10 67.78 12.96 World Less China Feb 13.28 176.96 63.66 173.89 67.74 12.27 Mar 14.37 174.69 62.86 172.07 66.88 12.96 United States Feb 0.31 47.09 0.41 34.38 13.06 0.36 Mar 0.31 47.09 0.41 34.38 13.06 0.36 Total Foreign Feb 12.97 204.31 63.31 213.12 55.58 11.90 Mar 14.06 200.46 62.51 209.72 54.72 12.60 Major Exporters 3/ Feb 6.96 75.55 0.72 29.47 46.95 6.81 Mar 6.96 75.21 0.52 29.29 46.60 6.79 Argentina Feb 2.27 31.20 0.00 3.33 28.00 2.15 Mar 2.27 31.20 0.00 3.33 28.00 2.15 Brazil Feb 4.31 36.35 0.02 19.80 16.85 4.02 Mar 4.31 35.85 0.02 19.65 16.50 4.02 India Feb 0.38 8.00 0.70 6.35 2.10 0.64 Mar 0.38 8.16 0.50 6.32 2.10 0.63 Major Importers 4/ Feb 1.47 23.39 37.45 59.90 1.14 1.26 Mar 1.76 23.14 37.28 59.49 1.06 1.62 European Union Feb 0.28 12.65 16.60 28.42 0.85 0.26 Mar 0.30 12.41 16.55 28.22 0.75 0.29 Mexico Feb 0.12 5.06 1.93 7.00 0.01 0.09 Mar 0.15 5.06 1.93 6.95 0.01 0.18 Southeast Asia 5/ Feb 0.85 3.88 17.12 20.88 0.29 0.69 Mar 1.08 3.82 17.00 20.67 0.30 0.93 China Feb 0.00 74.45 0.06 73.61 0.90 0.00 Mar 0.00 72.86 0.06 72.02 0.90 0.00 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. March 2022 WASDE - 622 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 4.63 58.50 11.52 57.11 12.36 5.18 World Less China 4.13 42.10 10.52 40.02 12.20 4.53 United States 0.81 11.30 0.15 10.12 1.29 0.84 Total Foreign 3.83 47.20 11.37 46.99 11.07 4.34 Major Exporters 3/ 1.08 20.33 0.56 12.36 8.10 1.51 Argentina 0.43 7.70 0.00 2.18 5.40 0.55 Brazil 0.32 9.00 0.07 7.75 1.16 0.48 European Union 0.26 2.96 0.48 2.38 0.91 0.41 Major Importers 4/ 1.24 19.42 7.10 25.87 0.47 1.41 China 0.50 16.40 1.00 17.09 0.16 0.65 India 0.14 1.51 3.63 5.12 0.02 0.14 North Africa 5/ 0.33 1.04 1.78 2.45 0.29 0.42 2020/21 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 5.18 59.16 11.76 58.68 12.56 4.86 World Less China 4.53 42.50 10.52 40.88 12.52 4.16 United States 0.84 11.35 0.14 10.58 0.78 0.97 Total Foreign 4.34 47.81 11.62 48.10 11.78 3.89 Major Exporters 3/ 1.51 20.53 0.74 12.44 9.02 1.31 Argentina 0.55 7.90 0.00 2.04 6.14 0.27 Brazil 0.48 9.00 0.25 7.94 1.26 0.53 European Union 0.41 3.00 0.49 2.41 1.06 0.44 Major Importers 4/ 1.41 19.87 6.74 26.59 0.21 1.23 China 0.65 16.67 1.23 17.81 0.04 0.70 India 0.14 1.71 3.25 4.94 0.01 0.15 North Africa 5/ 0.42 0.99 1.61 2.61 0.13 0.28 2021/22 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Feb 4.35 60.28 11.51 60.24 12.18 3.72 Mar 4.86 59.37 11.80 59.66 12.39 3.98 World Less China Feb 3.65 43.43 10.41 42.19 12.08 3.22 Mar 4.16 42.89 10.70 41.93 12.29 3.53 United States Feb 0.97 11.89 0.20 11.47 0.65 0.94 Mar 0.97 11.89 0.20 11.38 0.74 0.94 Total Foreign Feb 3.39 48.39 11.30 48.77 11.53 2.78 Mar 3.89 47.49 11.59 48.28 11.65 3.04 Major Exporters 3/ Feb 1.23 20.39 0.63 12.44 8.75 1.05 Mar 1.31 20.13 0.60 12.11 9.01 0.93 Argentina Feb 0.27 7.90 0.00 2.10 5.80 0.27 Mar 0.27 7.90 0.00 2.05 5.90 0.22 Brazil Feb 0.53 9.03 0.13 7.65 1.53 0.50 Mar 0.53 8.90 0.13 7.50 1.70 0.36 European Union Feb 0.36 3.04 0.50 2.63 1.03 0.25 Mar 0.44 2.98 0.48 2.51 1.05 0.34 Major Importers 4/ Feb 1.15 20.32 6.61 26.90 0.28 0.89 Mar 1.23 19.84 6.99 26.87 0.22 0.97 China Feb 0.70 16.85 1.10 18.05 0.10 0.50 Mar 0.70 16.49 1.10 17.74 0.10 0.45 India Feb 0.15 1.80 3.20 5.00 0.02 0.14 Mar 0.15 1.84 3.55 5.30 0.02 0.22 North Africa 5/ Feb 0.26 1.07 1.63 2.55 0.17 0.24 Mar 0.28 1.00 1.59 2.54 0.11 0.22 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. March 2022 WASDE - 622 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2020 Annual 27,174 28,303 55,680 44,583 5,743 50,876 106,556 9,292 223.3 2021 I 6,895 7,291 14,235 10,893 1,390 12,410 26,645 2,290 56.8 II 6,957 6,668 13,673 11,231 1,399 12,770 26,443 2,277 58.1 III 6,978 6,529 13,551 11,581 1,403 13,124 26,675 2,299 55.8 IV 7,108 7,185 14,342 11,193 1,366 12,687 27,030 2,371 55.4 Annual Feb Est. 27,937 27,673 55,801 44,889 5,558 50,982 106,784 9,327 226.3 Mar Est. 27,937 27,673 55,802 44,898 5,558 50,991 106,793 9,238 226.3 2022 I* 7,015 6,910 13,972 11,050 1,375 12,555 26,527 2,315 56.2 II* 6,845 6,550 13,442 11,325 1,410 12,880 26,322 2,290 57.7 III* 6,930 6,685 13,660 11,625 1,415 13,185 26,845 2,360 56.1 IV* 6,780 7,170 14,000 11,225 1,420 12,775 26,775 2,420 56.0 Annual Feb Proj. 27,375 27,380 54,951 45,485 5,615 51,650 106,601 9,430 227.2 Mar Proj. 27,570 27,315 55,074 45,225 5,620 51,395 106,469 9,385 226.0 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2020 Annual 108.51 43.18 73.2 106.5 112.2 18.24 2021 I 112.98 55.71 84.0 110.1 127.8 17.33 II 120.75 80.92 104.4 117.7 94.2 18.67 III 123.51 76.15 105.4 129.7 120.1 18.00 IV 132.36 56.36 110.9 133.4 131.8 20.77 Annual Feb Est. 122.40 67.29 101.2 122.8 118.5 18.69 Mar Est. 122.40 67.29 101.2 122.8 118.5 18.69 2022 I* 140.00 66.00 132.0 132.0 157.0 24.75 II* 139.00 78.00 124.0 131.0 132.0 25.90 III* 136.00 75.00 109.0 132.0 120.0 24.45 IV* 142.00 65.00 101.0 133.0 137.0 25.20 Annual Feb Proj. 137.5 65.0 113.0 126.5 131.5 23.55 Mar Proj. 139.5 71.0 116.5 132.0 136.5 25.05 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. March 2022 WASDE - 622 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2020 642 27,244 3,342 31,227 2,951 716 27,561 58.1 2021 Est. Feb 716 28,007 3,348 32,070 3,447 671 27,952 59.0 Mar 716 28,007 3,348 32,071 3,447 676 27,948 58.9 2022 Proj. Feb 671 27,445 3,370 31,486 3,270 640 27,576 58.1 Mar 676 27,640 3,420 31,736 3,300 650 27,786 58.4 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2020 646 28,318 904 29,869 7,280 467 22,121 51.7 2021 Est. Feb 467 27,688 1,180 29,335 7,030 449 21,856 51.2 Mar 467 27,688 1,180 29,335 7,030 446 21,859 51.1 2022 Proj. Feb 449 27,395 1,310 29,154 6,810 460 21,884 51.1 Mar 446 27,330 1,385 29,161 6,730 450 21,981 51.2 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2020 1,330 55,774 4,547 61,651 10,235 1,217 50,199 111.3 2021 Est. Feb 1,217 55,896 4,892 62,005 10,481 1,146 50,378 111.7 Mar 1,217 55,896 4,892 62,005 10,481 1,147 50,377 111.5 2022 Proj. Feb 1,146 55,046 5,065 61,256 10,083 1,131 50,042 110.7 Mar 1,147 55,169 5,190 61,505 10,033 1,129 50,343 111.1 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2020 937 44,106 145 45,188 7,367 830 36,991 95.8 2021 Est. Feb 830 44,409 155 45,393 7,367 704 37,322 96.7 Mar 830 44,418 155 45,402 7,367 705 37,329 96.5 2022 Proj. Feb 704 44,998 145 45,847 7,375 755 37,717 97.5 Mar 705 44,741 148 45,594 7,305 745 37,544 96.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2020 233 5,743 21 5,997 571 223 5,203 15.7 2021 Est. Feb 223 5,558 22 5,803 549 171 5,083 15.3 Mar 223 5,558 22 5,803 549 166 5,089 15.3 2022 Proj. Feb 171 5,615 22 5,808 545 180 5,083 15.3 Mar 166 5,620 23 5,809 460 175 5,174 15.5 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2020 1,175 50,398 167 51,740 8,013 1,057 42,670 112.9 2021 Est. Feb 1,057 50,501 180 51,739 7,961 878 42,900 113.6 Mar 1,057 50,510 180 51,748 7,961 874 42,913 113.3 2022 Proj. Feb 878 51,163 170 52,211 7,972 939 43,300 114.3 Mar 874 50,910 174 51,959 7,825 924 43,210 113.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2020 2,504 106,172 4,715 113,391 18,248 2,274 92,869 224.1 2021 Est. Feb 2,274 106,397 5,072 113,743 18,442 2,024 93,278 225.3 Mar 2,274 106,406 5,072 113,752 18,442 2,021 93,290 224.8 2022 Proj. Feb 2,024 106,208 5,235 113,467 18,055 2,070 93,342 225.0 Mar 2,021 106,079 5,364 113,464 17,858 2,053 93,553 224.9 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. March 2022 WASDE - 622 - 33 U.S. Egg Supply and Use Commodity 2019 2020 2021 Est. 2021 Est. 2022 Proj. 2022 Proj. Feb Mar Feb Mar Eggs Million Dozen Supply Beginning Stocks 22.7 31.6 24.5 24.5 18.7 19.1 Production 9,441.6 9,291.8 9,326.9 9,237.8 9,430.0 9,385.0 Imports 14.6 15.5 18.2 18.2 18.0 17.5 Total Supply 9,478.9 9,338.9 9,369.6 9,280.5 9,466.7 9,421.6 Use Exports 333.8 344.0 392.3 392.3 355.0 330.0 Hatching Use 1,081.2 1,078.5 1,103.7 1,103.7 1,135.0 1,130.0 Ending Stocks 31.6 24.5 18.7 19.1 19.5 19.5 Disappearance Total 8,032.3 7,891.8 7,854.9 7,765.4 7,957.2 7,942.1 Per Capita (number) 293.4 285.4 284.4 280.5 287.3 286.1 Total U.S. Milk Supply and Use Commodity 2019 2020 2021 Est. 2021 Est. 2022 Proj. 2022 Proj. Feb Mar Feb Mar Milk Billion Pounds Production 218.4 223.3 226.3 226.3 227.2 226.0 Farm Use 1.0 1.1 1.1 1.1 1.1 1.1 Fat Basis Supply Beg. Commercial Stocks 13.8 13.6 15.6 15.6 14.4 14.3 Marketings 217.4 222.2 225.2 225.2 226.1 225.0 Imports 6.9 6.8 6.5 6.5 6.9 6.8 Total Cml. Supply 238.1 242.6 247.4 247.4 247.3 246.1 Fat Basis Use Commercial Exports 9.1 9.3 11.6 11.6 11.0 10.9 Ending Commercial Stocks 13.6 15.6 14.4 14.3 14.1 13.0 CCC Donations 0.2 0.3 0.0 0.0 0.0 0.0 Domestic Commercial Use 215.2 217.5 221.4 221.4 222.2 222.2 Skim -solid Basis Supply Beg. Commercial Stocks 10.7 10.2 10.9 10.9 10.8 11.0 Marketings 217.4 222.2 225.2 225.2 226.1 225.0 Imports 5.8 5.6 5.8 5.8 5.7 5.8 Total Cml. Supply 233.9 238.0 241.9 241.8 242.6 241.7 Skim -solid Basis Use Commercial Exports 41.5 47.2 51.1 51.1 51.2 49.8 Ending Commercial Stocks 10.2 10.9 10.8 11.0 10.6 11.2 CCC Donations 0.2 0.1 0.0 0.0 0.0 0.0 Domestic Commercial Use 182.0 179.8 179.9 179.7 180.8 180.8 Total CCC Donations include purchases made through the USDA Trade Mitigation program. They do not include products purchased under other programs. Dairy domestic commercial use for 2020 includes additional milk marketed but not processed. Note: Totals may not add due to rounding. March 2022 WASDE - 622 - 34 U.S. Dairy Prices Commodity 2019 2020 2021 Est. 2021 Est. 2022 Proj. 2022 Proj. Feb Mar Feb Mar Product Prices 1/ Dollars Per Pound Cheese 1.7586 1.9236 1.6755 1.6755 1.900 2.030 Butter 2.2431 1.5808 1.7325 1.7325 2.390 2.575 Nonfat Dry Milk 1.0419 1.0417 1.2693 1.2693 1.665 1.740 Dry Whey 0.3799 0.3621 0.5744 0.5744 0.705 0.710 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 16.96 18.16 17.08 17.08 20.30 21.65 Class IV 16.30 13.49 16.09 16.09 22.30 23.70 All Milk 3/ 18.65 18.24 18.69 18.69 23.55 25.05 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated pla nts for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . March 2022 WASDE - 622 - 35 Reliability of March Projections 1/ Note: Tables on pages 35 -37 present a record of the March projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0.5 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 0.9 percent. The average difference between th e March projection and the final estimate is 2.4 million tons, ranging from 0 million to 8 million tons. The March projection has been below the estimate 29 times and above 11 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 0.5 0.9 2.4 0.0 8.0 29 11 U.S. 0.2 0.3 0.1 0.0 0.3 18 11 Foreign 0.6 1.1 2.4 0.1 8.0 29 11 Exports World 4.3 7.2 4.4 0.0 17.0 33 7 U.S. 3.1 5.3 0.8 0.0 2.4 21 18 Foreign 5.2 8.8 4.3 0.1 16.0 31 9 Domestic Use World 0.9 1.6 4.4 0.2 12.2 17 23 U.S. 3.8 6.4 0.9 0.0 2.4 14 26 Foreign 0.9 1.6 4.2 0.1 11.5 22 18 Ending Stocks World 4.2 7.1 5.8 0.2 14.1 28 12 U.S. 8.1 13.7 1.1 0.0 4.5 25 15 Foreign 4.5 7.6 5.1 0.0 13.5 27 12 COARSE GRAINS 2/ Production World 1.2 2.0 10.8 0.5 35.1 33 7 U.S. 0.2 0.3 0.2 0.0 1.8 17 9 Foreign 1.7 2.9 10.8 0.5 35.1 33 7 Exports World 5.2 8.8 5.4 0.0 24.2 28 12 U.S. 8.3 14.1 3.4 0.0 9.1 20 20 Foreign 8.3 14.2 5.2 0.1 21.5 26 14 Domestic Use World 1.0 1.6 7.3 0.1 24.2 23 17 U.S. 2.9 4.9 4.0 0.2 17.3 14 26 Foreign 1.1 1.9 7.2 0.4 24.6 27 13 Ending Stocks World 10.3 17.5 13.8 0.6 143.8 35 5 U.S. 13.5 22.9 4.6 0.1 15.3 23 17 Foreign 12.6 21.4 11.5 0.5 142.1 36 4 RICE, milled Production World 1.3 2.2 3.5 0.2 13.8 29 11 U.S. 1.2 2.1 0.0 0.0 0.2 11 6 Foreign 1.3 2.3 3.5 0.1 13.8 29 11 Exports World 8.0 13.6 1.5 0.1 5.3 31 9 U.S. 7.1 12.0 0.2 0.0 0.5 19 18 Foreign 8.9 15.2 1.5 0.1 4.9 30 10 Domestic Use World 1.1 1.9 3.2 0.2 13.9 26 14 U.S. 7.1 12.0 0.2 0.0 0.5 16 23 Foreign 1.1 1.9 3.2 0.2 13.5 26 14 Ending Stocks World 8.5 14.5 5.0 0.5 25.8 28 12 U.S. 18.4 31.3 0.2 0.0 0.4 21 17 Foreign 8.8 14.9 5.0 0.3 25.7 28 12 1/ Footnotes at end of table. CONTINUED March 2022 WASDE - 622 - 36 Reliability of March Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 2.2 3.7 3.4 0.1 12.4 21 19 U.S. 1.4 2.3 0.7 0.0 3.2 17 16 Foreign 3.6 6.2 3.3 0.1 12.6 22 18 Exports World 5.5 9.4 3.0 0.0 12.8 26 13 U.S. 6.5 11.0 1.7 0.1 6.7 28 12 Foreign 14.3 24.3 2.7 0.1 16.8 19 21 Domestic Use World 2.1 3.5 3.0 0.0 11.4 20 20 U.S. 3.0 5.0 1.1 0.0 3.0 26 13 Foreign 2.4 4.1 2.5 0.1 12.8 18 22 Ending Stocks World 13.1 22.2 4.1 0.1 16.4 21 19 U.S. 40.0 67.9 2.0 0.1 7.2 12 28 Foreign 14.0 23.8 3.6 0.1 17.1 27 13 COTTON Million 480 -Pound Bales Production World 1.8 3.0 1.3 0.0 5.2 24 14 U.S. 0.9 1.6 0.1 0.0 0.3 14 25 Foreign 2.1 3.6 1.3 0.0 5.3 24 15 Exports World 5.1 8.7 1.3 0.0 6.5 22 17 U.S. 6.5 11.1 0.5 0.0 1.7 18 21 Foreign 6.5 11.0 1.1 0.0 5.8 24 16 Domestic Use World 3.2 5.5 1.9 0.0 16.1 20 20 U.S. 7.3 12.4 0.2 0.0 0.9 20 18 Foreign 4.0 6.9 2.1 0.1 15.3 21 19 Ending Stocks World 8.8 14.9 3.5 0.2 16.2 24 16 U.S. 18.1 30.7 0.6 0.0 2.2 14 26 Foreign 9.4 16.0 3.4 0.0 14.0 26 14 1/ Marketing years 1981/82 through 2020/21 for grains, soybeans (U.S. only), and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2019/20, and for 2020/21 the last mo nth’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. March 2022 WASDE - 622 - 37 Reliability of United States March Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 0.2 0.3 5 0 72 1 4 Exports 8.4 14.3 123 13 310 19 21 Domestic Use 2.8 4.7 139 9 474 15 25 Ending Stocks 15.1 25.6 180 3 713 24 16 SORGHUM Production 0.1 0.2 0 0 4 0 2 Exports 14.3 24.3 26 0 90 25 13 Domestic Use 15.4 26.2 31 1 178 17 23 Ending Stocks 41.0 69.6 23 1 148 15 25 BARLEY Production 0.9 1.6 1 0 11 19 4 Exports 16.4 27.8 5 0 20 14 22 Domestic Use 6.6 11.3 14 0 70 17 21 Ending Stocks 13.4 22.7 13 1 53 25 15 OATS Production 0.4 0.7 0 0 2 5 4 Exports 33.7 57.2 1 0 3 6 6 Domestic Use 5.3 9.0 11 1 36 15 25 Ending Stocks 16.9 28.7 11 0 47 23 16 SOYBEAN MEAL Thousand Short Tons Production 3.0 5.0 922 79 2,917 29 11 Exports 8.7 14.8 592 1 2,426 32 8 Domestic Use 2.5 4.2 560 41 2,066 27 13 Ending Stocks 34.3 58.2 65 0 253 16 22 SOYBEAN OIL Million Pounds Production 2.9 4.9 424 7 1,173 29 11 Exports 20.2 34.3 280 0 877 24 15 Domestic Use 2.4 4.0 311 9 760 25 15 Ending Stocks 17.8 30.2 258 17 721 24 16 ANIMAL PROD. Million Pounds Beef 2.6 4.4 533 77 1,613 24 15 Pork 2.9 4.9 369 5 1,667 23 16 Broilers 1.6 2.7 358 16 1,501 22 17 Turkeys 2.8 4.8 118 3 447 18 21 Million Dozen Eggs 1.8 3.0 93 3 534 23 16 Billion Pounds Milk 1.3 2.2 1.6 0.1 5.2 22 17 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2020/21 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate followin g the marketing year for 1981/82 through 2020/21. Calendar years 1982 through 2020 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2020. WASDE- 622-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricult ural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. IPAD is located at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ Click to receive WASDE -related notifications by email Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at [email protected] World Agricultural Supply and Demand Estimates WASDE -622 – March 9, 2022 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 641 Approved by the World Agricultural Outlook Board October 12, 2023 WHEAT: The outlook for 2023/24 U.S. wheat this month is for higher supplies, increased domestic use, unchanged exports, and higher ending stocks. Supplies are raised 85 million bushels, primarily on higher production as reported in the NASS Small Grains Annual S ummary , released September 29. Domestic use is raised 30 million bushels, all on higher feed and residual use. The NASS Grain Stocks report released September 29 indicated a higher year -to- year increase for first quarter (June- August) domestic disappearance than previously expected. Exports remain at 700 million bushels with several offsetting by -class changes. Projected ending stocks are raised by 55 million bushels to 670 million, up 15 percent from last year. The season-average farm price is reduced $0.20 per bushel to $7.30 on higher projected stocks and expectations for futures and cash prices for the remainder of the marketing year. The global wheat outlook for 2023/24 is for reduced supplies, lower consumption, decreased trade, and lower stocks. Supplies are reduced 3.5 million tons to 1,051.0 million as reduced production for Australia, Kazakhstan, and Ethiopia is only partially offset by higher production for the United States. Australia is lowered 1.5 million tons to 24.5 million on continued dry conditions over most of the production regions. Kazakhstan is reduced 2.0 million tons to 13.0 million on suboptimal growing conditions this season. Ethiopia is also lowered 2.0 million tons to 5.5 million on reduced harvested area, dry conditions in August and September, and less input use. Global consumption is reduced 3.0 million tons to 792.9 million, mainly on lower feed and residual use for Russia and Kazakhstan while most of the food, seed, and industrial use reductions are for Ethiopia and Nigeria. World trade is decreased 1.1 million tons to 206.3 million on reduced exports by Australia, Brazil, and Kazakhstan only partially offset by higher Russian exports. Projected 2023/24 global ending stocks are lowered 0.5 million tons to 258.1 million, the lowest since 2015/16. COARSE GRAINS: This month’s 2023/24 U.S. corn outlook is for reduced supplies, lower feed and residual use and exports, and smaller ending stocks. Corn production is forecast at 15.064 billion bushels, down 70 million on a cut in yield to 173.0 bushels per acre. Corn supplies are forecast at 16.451 billion bushels, a decline of 160 million bushels from last month, with lower production and beginning stocks. Exports are reduced 25 million bushels reflecting smaller supplies and slow early -season demand. Feed and residual use is down 25 million bushels based on lower supply. With supply falling more than use, corn ending stocks for 2023/24 are lowered 110 million bushels. The season- average corn price received by producers is raised 5 cents to $4.95 per bushel. Global coarse grain production for 2023/24 is forecast down 2.0 million tons to 1,494.6 million. The 2023/24 foreign coarse grain outlook is for slightly higher production, larger trade, and greater stocks relative to last month. Foreign corn production is higher on increases for Argentina, Moldova, the EU, and Paraguay. Argentina corn production is raised reflecting higher expected area. The EU is higher on an increase for France. Foreign barley production is cut based on reductions for Australia and Kazakhstan that are partly offset by an increase for the EU. WASDE- 641-2 Major global trade changes include larger corn exports for Argentina and Paraguay but a reduction for the United States. Corn imports are lowered for Bangladesh. Barley exports are raised for Russia but reduced for Australia. Barley imports are higher for Iran and Kazakhstan. Foreign corn ending stocks are higher, mostly reflecting increases for Ukraine and Moldova. Global corn stocks, at 312.4 million tons , are down 1.6 million. RICE : The 2023/24 U.S. rice outlook is for slightly reduced supplies, higher exports, unchanged domestic use, and lower ending stocks. Supplies are reduced slightly on lower production as the NASS October Crop Production report decreased the all rice yield 14 pounds per acre to 7,737 pounds, which remains a record. The 2023/24 export forecast is raised 1.0 million cwt to 86.0 million, all long -grain rice, on a stronger -than-expected pace of early sales and shipments to Mexico and Central America. The season-average farm price for all rice is unchanged at $16.80 per cwt. The 2023/24 global rice outlook is for slightly increased supplies, consumption, and trade compared with last month, leaving ending stocks nearly unchanged. With minimal changes to rice production globally, higher beginning stocks for Indonesia explain most of the increase in 2023/24 global supplies. Global trade is raised this month for both 2022/23 and 2023/24 as Indonesia, the fourth-largest rice -consuming country, imports more to replenish government stocks on supply concerns. Global exports are raised slightly on increases for Cambodia and Vietnam. Ending stocks are nearly unchanged from last month at 167.5 million tons, with an offsetting increase to stocks for Indonesia and decreases for China and Colombia, but remain the lowest in six years. OILSEEDS: U.S. oilseed production for 2023/24 is forecast at 120.9 million tons, down 1.3 million from last month with lower soybean, cottonseed, peanut, rapeseed, and sunflowerseed production. Soybean production is forecast at 4.1 billion bushels, down 42 million on lower yields. Harvested area is unchanged at 82.8 million acres. The soybean yield is projected at 49.6 bushels per acre, down 0.5 bushels from the September forecast. The largest production changes are for Kansas, Michigan, and Nebraska. With lower production partly offset by higher beginning stocks, supplies are reduced 24 million bushels. Soybean exports are reduced 35 million bushels to 1.76 billion with increased competition from South America. Soybean crush is projected at 2.3 billion bushels, up 10 million, driven by higher soybean meal exports and soybean oil domestic demand. Soybean oil domestic use is raised in line with an increase for 2022/23. With lower exports partly offset by increased crush, ending stocks are unchanged from last month at 220 million bushels. The U.S. season- average soybean price for 2023/24 is unchanged at $12.90 per bushel. Soybean meal and oil prices are unchanged at $380 per short ton and 63 cents per pound, respectively. Foreign 2023/24 oilseed production is lowered 0.2 million tons to 538.5 million mainly on lower soybean and peanut output for India and lower canola production for Canada. Partly offsetting is higher rapeseed production for Poland and higher sunflowerseed production for Argentina. India soybean production is lowered 1.0 million tons to 11.0 million, as near -record rains in September along with the historically dry conditions in August negatively impacted yields. Global 2023/24 soybean exports are lowered 0.2 million tons to 168.2 million with lower exports for the United States partly offset by higher shipments for Brazil. Soybean imports are lowered for Pakistan. Global soybean crush is increased 0.8 million tons to 328.5 million on higher crush for China and the United States. China’s crush is raised 1.0 million tons to 97.0 million in line with higher crush and domestic soybean meal demand in the prior marketing year. Partly offsetting is WASDE- 641-3 lower crush for India and Pakistan on lower supplies. Global soybean ending stocks are lowered 3.6 million tons to 115.6 million mainly on lower stocks for China, Brazil, and India. SUGAR: Mexico sugar supply for 2022/23 is increased by 31,402 metric tons (MT) to 6.474 million on increased imports. Sugar exports are reduced by 54,098 MT to 1.011 million. This reduction is based on a full -year accounting made by FAS of imports from Mexico. This final estimate becomes the USDA estimate of sugar exported from Mexico t o the United States. Other exports not under license are estimated at 21,860 MT, an amount that has not changed for several months. Domestic deliveries are increased by 129,521 MT attributed mainly to a strong pace of deliveries for human consumption. Ending stocks are residually estimated at 835,501 MT, a reduction of 44,022 from last month. Mexico production for 2023/24 is reduced by 225,000 MT to 5.575 million. Mexico is currently experiencing widespread drought conditions. Rainfall amounts for the April -September period have been at their lowest levels since 2013 in 12 out of the 15 states in which sugarcane is grown. Regions most severally affected are in the western Pacific region. The effects on yields vary depending on irrigation but will be lower overall. The states of Veracruz (the largest producing state in Mexico) and Quintana Roo have not experienced the wors t of the drought, so production of low polarity sugar for the U.S. market may not be affected as much as might be expected. Imports are expected to increase as they have in 2022/23 to compensate for the lower production and are projected at 322,039 MT. Overall supply projected this month ends up being close to that projected last month and will be needed to meet exports to the United States, increased domestic delivery needs for consumption and IMMEX, and ending stocks to cover the period in 2024/25 before the start of that season’s sugar campaign. U.S. sugar supply for 2022/23 is decreased by 178,935 short tons, raw value (STRV) on lower - than- expected Louisiana cane sugar production in September that gets pushed into 2023/24 but mostly on a decrease in imports. Imports under the WTO raw and FTA TRQs plus re -export programs are down 93,785 STRV. Imports from Mexico are down 63,211 STRV. High-t ier tariff imports are up a small amount but the total for the year is a record at 452,626 STRV. Total deliveries are down by 21,000 STRV as those made for human consumption are down by 25,000 on pace with only a small offset for increased re- export products. Exports are increased 25,000 STRV on pace. Ending stocks at 1.977 million STRV are down 182,935 from last month. U.S. sugar supply for 2023/24 is decreased by 182,212 STRV attributable to lower beginning stocks. Import and production changes are largely offsetting. FTA TRQ imports set on a calendar year basis are increased 13,099 STRV on imports expected to enter in third quarter 2023 now expected in the fourth quarter of 2023. NASS lowered sugarbeet yields in several States implying a 71,200 STRV reduction in beet sugar production. NASS increased the sugarcane yield in Louisiana and production expected in September is pushed over to 2023/24. Deliveries for human consumption are down 25,000 STRV in line with the reduction made for 2022/23. Ending stocks are residually projected at 1.557 million STRV for an ending stocks -to-use ratio of 12.29 percent, down from 13.51 last month. LIVESTOCK, POULTRY, AND DAIRY : The forecast for 2023 red meat and poultry production is lowered from last month, as higher beef and pork production is more than offset by lower broiler and turkey. Beef production is raised on higher cow and bull slaughter in the second half of the year which more than offsets lower ed third- quarter steer and heifer slaughter. The increas e in total slaughter is partially offset by lower dressed weights. Pork production is raised for the second half of the year with a higher -than- expected pace of slaughter and upward revisions to the first -half 2023 pig crop. Broiler production is lowered on current hatchery and slaughter data. Turkey production is lowered from last month based on the most recent production data. Egg WASDE- 641-4 production is reduced on lower expected hatching egg production. For 2024, the red meat and poultry production forecast is raised. Beef production is raised primarily on higher feedlot marketings . Pork production is raised as the Quarterly Hogs and Pigs report, released September 28, pointed to a more rapid rate of growth in pigs per litter than previously expected. With larger expected pig crops in the second half of 2023 and first -half 2024, slaughter in 2024 is forecast higher , boosting the production forecast. Broiler and turkey production forecasts are lowered on recent hatchery data and expectations for modest growth in production during the year. Total egg production is unchanged for 2024. The beef import forecasts for 2023 and 2024 are raised on continued strength in demand and availability of supplies in Oceania. Beef exports are lowered for 2023 and 2024 on increased competition. Pork imports are increased for both 2023 and 2024 largely on higher imports from the EU. Pork exports are lowered for 2023 on the current pace of trade but raised for 2024 on improved competitiveness in Asian markets. Broiler exports are raised for 2023 based on recent trade data but lowered for 2024 as U.S. broiler meat is expected to be less competitive on the global market. Turkey exports are raised for 2023 and 2024 based on lower prices for U.S. product. Cattle price forecasts for 2023 are lowered from last month reflecting September and early - October prices and weaker expected demand for cattle during the fourth quarter of the year. Cattle prices for 2024 are also lowered from last month, as larger supplies of cattle in feedlots are expected to put downward pressure on fed cattle prices. The hog price forecast for 2023 is lowered from last month due to current prices and larger hog supplies. Hog price forecasts for 2024 are also lowered, as larger supplies of hogs pressure prices. Broiler prices for 2023 and 2024 are raised due to lower production. Turkey price forecasts for 2023 and 2024 are reduced on continued weakness in demand. Egg price forecasts for 2023 are lowered on recent prices and for 2024 on steady demand. The milk production forecast for 2023 is raised from last month on slightly more rapid growth in milk per cow. The forecast for 2024 is unchanged from last month. Fat basis imports for 2023 are unchanged from last month. Higher expected imports of butter in 2024 support a higher fat -basis import forecast although cheese imports are forecast lower. Skim -solids basis imports are raised for 2023, reflecting higher imports of milk proteins. For 2024, lower cheese and milk protein imports result in a lower skim -solids import forecast. Exports in 2023 are reduced on both a fat basis and a skim -solids basis with lower expected sales of butter, nonfat dry milk (NDM), and dry whey. For 2024, weaker expected sales of butter and dry whey are reflected in lower fat basis and skim -solids bas is export forecasts. Recent strength in butter prices and expectations of continued firm demand support an increase in the butter price for 2023. Cheese is reduced on current prices and continued large stocks while the NDM price is raised on current prices. The whey price forecast is unchanged. The Class III price is reduced, reflecting the lowered cheese price forecasts, but the Clas s IV price is raised on stronger butter and NDM prices. For 2024, price forecasts for butter and NDM are raised as price strength is expected to carry into the new year. The cheese price is reduced, but the whey price is unchanged. The Class III price forecast is reduced on the lower cheese prices while the Class IV price forecast is raised on higher butter price and NDM prices. The 2023 all milk price forecast is raised to $20.70 per cwt and the 2024 all milk price is raised to $20.55 per cwt. COTTON : The 2023/24 U.S. cotton supply and demand estimates show lower production, exports, and ending stocks compared with last month. Production is 315,000 bales lower at 12.8 WASDE- 641-5 million bales, down 2 percent from a month earlier as lower yields in Texas offset gains elsewhere. With production projected lower and exports down 100,000 bales to 12.2 million, ending stocks are reduced 200,000 bales. The 2023/24 season- average price for upland cotton is forecast unchanged from last month at 80.0 cents per pound, nearly 5 cents below the final 2022/23 price of 84.8 cents. World 2023/24 beginning stocks of cotton are 10.3 million bales lower this month than in September, a decline to 82.8 million, entirely attributable to a permanent accounting change in the balance sheet for Brazil back to 2000/01. Ending stocks for the 2023/24 world balance sheet are also down by 10.0 million bales because of this change. To better account for the change in timing of Brazil’s harvest, USDA has shifted ahead by one year its 2000/01 -2022/23 production estimates. Until this change, USDA’s estimated Brazilian and global ending stocks were significantly inflated because they reflect ed Brazil’s entire year’s production. See the Foreign Agricultural Service’s October 2023 issue of Cotton: World Markets and Trade for further details. In an additional production change, the estimate for what is now USDA’s 2023/24 Brazil crop was increased 160,000 bales to 14.56 million, reflecting an October 10 revision by Br azil’s Companhia Nacional de Abastecimento (CONAB). Other changes in the world 2023/ 24 cotton balance sheet are small. Production is 210,000 bales higher than in September as larger crops in Brazil, Argentina, and Tanzania offset reductions in the United States, Australia, and Greece. World consumption and trade are virtually unchanged, down 89,000 bales and down 35,000 bales, respectively. Approved by the Secretary of Agriculture and by the Chairman of the World Agricultural Outlook Board, Mark Jekanowski, (202) 720 -6030 . This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: XOCHITL TORRES SMALL SECRETARY OF AGRICULTURE DESIGNATE WASDE- 641-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone, ICEC Chair, WAOB, [email protected] Andrew Sowell, ERS; Rachel Trego, FAS; Bruce McWilliams, FPAC. Rice: Mark Simone, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS ; Kent Lanclos, FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Aaron Ates , ERS; Eric Gero , FAS; Jacob Vuillemin, FPAC. Oilseeds: Joanna Hitchner , ICEC Chair, WAOB, [email protected] Maria Bukowski, ERS; Agata Kingsbury, FAS; Gustavo Ferreira, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; Graham Soley, FAS; Kent Lanclos, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Vida Abadam, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Claire Mezoughem , FAS; Jacob Vuillemin , FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Grace Gross en, ERS; Claire Mezoughem, FAS; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Angel Teran, ERS; Jeffery Dwyer, FAS; Georgi Gabrielyan, FPAC. In 2023 the WASDE report will be released on Nov 9 and Dec 8. In 2024 the WASDE report will be released on Jan 12, Feb 8, Mar 8, Apr 11, May 10, Jun 12, Jul 12, Aug 12, Sep 12, Oct 11, Nov 8, and Dec 10. WASDE- 641-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Production .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 October 2023 WASDE - 641 - 8 World and U.S. Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2021/22 2798.92 3593.26 513.56 2800.00 793.26 2022/23 (Est.) 2747.61 3540.87 497.00 2773.71 767.16 filler filler filler filler filler 2023/24 (Proj.) Sep 2801.92 3569.49 494.93 2803.72 765.77 2023/24 (Proj.) Oct 2796.12 3563.28 494.14 2799.47 763.81 filler filler filler filler filler Wheat 2021/22 781.01 1065.10 202.76 792.42 272.68 2022/23 (Est.) 789.50 1062.17 221.60 794.62 267.55 filler filler filler filler filler 2023/24 (Proj.) Sep 787.34 1054.47 207.34 795.86 258.61 2023/24 (Proj.) Oct 783.43 1050.98 206.26 792.86 258.13 filler filler filler filler filler Coarse Grains 5/ 2021/22 1503.56 1826.52 253.89 1488.58 337.94 2022/23 (Est.) 1444.43 1782.38 220.69 1455.63 326.74 filler filler filler filler filler 2023/24 (Proj.) Sep 1496.50 1824.70 235.44 1485.13 339.56 2023/24 (Proj.) Oct 1494.55 1821.30 235.55 1483.08 338.22 filler filler filler filler filler Rice, milled 2021/22 514.35 701.64 56.90 519.00 182.64 2022/23 (Est.) 513.68 696.32 54.70 523.46 172.86 filler filler filler filler filler 2023/24 (Proj.) Sep 518.08 690.32 52.15 522.73 167.60 2023/24 (Proj.) Oct 518.14 691.00 52.33 523.53 167.47 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2021/22 448.60 513.41 94.82 360.73 57.85 2022/23 (Est.) 408.09 473.78 67.73 352.26 53.78 filler filler filler filler filler 2023/24 (Proj.) Sep 453.31 516.70 80.40 358.94 77.37 2023/24 (Proj.) Oct 453.22 514.60 79.54 359.08 75.99 filler filler filler filler filler Wheat 2021/22 44.80 70.42 21.66 29.76 19.01 2022/23 (Est.) 44.90 67.22 20.65 30.75 15.83 filler filler filler filler filler 2023/24 (Proj.) Sep 47.20 66.52 19.05 30.73 16.75 2023/24 (Proj.) Oct 49.31 68.82 19.05 31.54 18.22 filler filler filler filler filler Coarse Grains 5/ 2021/22 397.71 434.32 70.52 326.22 37.58 2022/23 (Est.) 358.10 398.94 45.04 316.90 37.00 filler filler filler filler filler 2023/24 (Proj.) Sep 399.10 440.97 58.65 323.07 59.26 2023/24 (Proj.) Oct 396.91 436.59 57.76 322.39 56.44 filler filler filler filler filler Rice, milled 2021/22 6.08 8.67 2.65 4.76 1.26 2022/23 (Est.) 5.09 7.62 2.04 4.62 0.96 filler filler filler filler filler 2023/24 (Proj.) Sep 7.01 9.21 2.70 5.14 1.37 2023/24 (Proj.) Oct 7.00 9.20 2.73 5.14 1.33 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). October 2023 WASDE - 641 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2021/22 2,350.32 3,079.85 418.73 2,439.27 735.41 2022/23 (Est.) 2,339.52 3,067.09 429.26 2,421.45 713.38 filler filler filler filler filler 2023/24 (Proj.) Sep 2,348.62 3,052.78 414.53 2,444.78 688.40 2023/24 (Proj.) Oct 2,342.90 3,048.67 414.60 2,440.40 687.82 filler filler filler filler filler Wheat 2021/22 736.21 994.68 181.11 762.66 253.67 2022/23 (Est.) 744.60 994.95 200.95 763.87 251.73 filler filler filler filler filler 2023/24 (Proj.) Sep 740.14 987.95 188.29 765.13 241.87 2023/24 (Proj.) Oct 734.12 982.17 187.21 761.32 239.90 filler filler filler filler filler Coarse Grains 5/ 2021/22 1,105.85 1,392.21 183.38 1,162.36 300.36 2022/23 (Est.) 1,086.33 1,383.44 175.65 1,138.74 289.75 filler filler filler filler filler 2023/24 (Proj.) Sep 1,097.41 1,383.73 176.79 1,162.07 280.31 2023/24 (Proj.) Oct 1,097.65 1,384.71 177.79 1,160.69 281.78 filler filler filler filler filler Rice, milled 2021/22 508.26 692.97 54.25 514.24 181.38 2022/23 (Est.) 508.59 688.70 52.66 518.84 171.90 filler filler filler filler filler 2023/24 (Proj.) Sep 511.07 681.11 49.45 517.58 166.23 2023/24 (Proj.) Oct 511.14 681.80 49.60 518.39 166.14 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2021/22 114.65 192.40 43.24 115.93 76.54 2022/23 (Est.) 116.27 192.81 37.00 110.87 82.84 filler filler filler filler filler 2023/24 (Proj.) Sep 112.39 205.57 43.27 115.88 89.96 2023/24 (Proj.) Oct 112.60 195.44 43.24 115.79 79.92 filler filler filler filler filler United States 2021/22 17.52 20.68 14.48 2.55 4.05 2022/23 (Est.) 14.47 18.52 12.77 2.05 4.25 filler filler filler filler filler 2023/24 (Proj.) Sep 13.13 17.39 12.30 2.15 3.00 2023/24 (Proj.) Oct 12.82 17.07 12.20 2.15 2.80 filler filler filler filler filler Foreign 4/ 2021/22 97.13 171.72 28.76 113.38 72.49 2022/23 (Est.) 101.80 174.29 24.24 108.82 78.59 filler filler filler filler filler 2023/24 (Proj.) Sep 99.26 188.18 30.97 113.73 86.96 2023/24 (Proj.) Oct 99.79 178.37 31.04 113.64 77.12 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. October 2023 WASDE - 641 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2021/22 611.72 727.75 179.21 510.26 118.66 2022/23 (Est.) 629.19 747.85 201.61 522.17 120.15 filler filler filler filler filler 2023/24 (Proj.) Sep 660.89 782.48 195.89 539.45 135.61 2023/24 (Proj.) Oct 659.36 779.51 194.63 540.69 131.88 filler filler filler filler filler Oilmeals 2021/22 349.59 369.71 96.29 347.31 20.30 2022/23 (Est.) 355.60 375.90 97.09 353.99 17.29 filler filler filler filler filler 2023/24 (Proj.) Sep 368.46 385.71 99.80 362.31 19.73 2023/24 (Proj.) Oct 369.17 386.46 100.22 363.08 19.66 filler filler filler filler filler Vegetable Oils 2021/22 207.83 236.51 79.56 202.56 28.97 2022/23 (Est.) 216.94 245.90 88.11 211.04 30.77 filler filler filler filler filler 2023/24 (Proj.) Sep 222.84 253.33 89.39 217.54 30.62 2023/24 (Proj.) Oct 223.19 253.96 90.12 218.65 30.05 filler filler filler filler filler United States Output Total Supply Trade Total Use 2 / Ending Stocks Oilseeds 2021/22 131.35 141.17 59.55 63.87 9.14 2022/23 (Est.) 125.75 136.42 55.12 64.35 8.96 filler filler filler filler filler 2023/24 (Proj.) Sep 122.21 132.17 49.71 66.44 7.62 2023/24 (Proj.) Oct 120.90 131.38 48.74 66.72 7.58 filler filler filler filler filler Oilmeals 2021/22 49.27 53.23 12.46 40.42 0.35 2022/23 (Est.) 50.10 54.68 13.42 40.85 0.40 filler filler filler filler filler 2023/24 (Proj.) Sep 51.34 55.97 13.93 41.60 0.44 2023/24 (Proj.) Oct 51.53 56.16 14.11 41.61 0.44 filler filler filler filler filler Vegetable Oils 2021/22 13.06 19.62 1.05 17.30 1.27 2022/23 (Est.) 13.28 20.70 0.34 19.18 1.19 filler filler filler filler filler 2023/24 (Proj.) Sep 13.56 21.39 0.33 19.84 1.22 2023/24 (Proj.) Oct 13.62 21.41 0.33 19.90 1.18 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2021/22 480.37 586.58 119.66 446.39 109.52 2022/23 (Est.) 503.44 611.43 146.49 457.82 111.19 filler filler filler filler filler 2023/24 (Proj.) Sep 538.68 650.30 146.19 473.00 127.99 2023/24 (Proj.) Oct 538.46 648.13 145.88 473.97 124.30 filler filler filler filler filler Oilmeals 2021/22 300.32 316.48 83.83 306.89 19.95 2022/23 (Est.) 305.51 321.22 83.66 313.14 16.88 filler filler filler filler filler 2023/24 (Proj.) Sep 317.13 329.75 85.87 320.72 19.29 2023/24 (Proj.) Oct 317.64 330.30 86.11 321.47 19.22 filler filler filler filler filler Vegetable Oils 2021/22 194.78 216.89 78.52 185.26 27.69 2022/23 (Est.) 203.66 225.20 87.78 191.86 29.58 filler filler filler filler filler 2023/24 (Proj.) Sep 209.27 231.94 89.06 197.70 29.41 2023/24 (Proj.) Oct 209.57 232.55 89.79 198.75 28.87 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. October 2023 WASDE - 641 - 11 U.S. Wheat Supply and Use 1/ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Sep Oct Million Acres Area Planted 46.7 45.7 49.8 49.6 Area Harvested 37.1 35.5 37.9 37.3 Bushels Yield per Harvested Acre 44.3 46.5 45.8 48.6 Million Bushels Beginning Stocks 845 698 580 582 Production 1,646 1,650 1,734 1,812 Imports 96 122 130 135 Supply, Total 2,588 2,470 2,444 2,529 Food 971 973 974 974 Seed 58 68 65 65 Feed and Residual 64 89 90 120 Domestic, Total 1,093 1,130 1,129 1,159 Exports 796 759 700 700 Use, Total 1,889 1,888 1,829 1,859 Ending Stocks 698 582 615 670 Avg. Farm Price ($/bu) 2/ 7.63 8.83 7.50 7.30 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2022/23 (Est.) Beginning Stocks 376 146 99 54 24 698 Production 531 446 336 272 64 1,650 Imports 5 56 4 7 51 122 Supply, Total 3/ 911 648 439 333 139 2,470 Food 374 266 163 85 85 973 Seed 29 17 14 6 3 68 Feed and Residual 51 -7 65 -20 0 89 Domestic Use 453 276 242 70 88 1,130 Exports 224 214 107 190 23 759 Use, Total 678 490 349 261 111 1,888 Ending Stocks, Total 234 158 90 72 28 582 2023/24 (Proj.) Beginning Stocks 234 158 90 72 28 582 Production 601 468 449 235 59 1,812 Imports 20 60 5 5 45 135 Supply, Total 3/ 855 686 544 312 132 2,529 Food 374 260 170 85 85 974 Seed 27 18 12 6 2 65 Feed and Residual 30 10 80 0 0 120 Domestic Use 431 288 262 91 87 1,159 Exports 145 225 145 160 25 700 Use, Total 576 513 407 251 112 1,859 Ending Stocks, Total Oct 279 173 137 61 20 670 Ending Stocks, Total Sep 256 138 138 60 23 615 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. October 2023 WASDE - 641 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Sep Oct Million Acres Area Planted 105.8 100.5 107.8 107.7 Area Harvested 94.4 87.0 96.6 96.7 Metric Tons Yield per Harvested Acre 4.21 4.11 4.13 4.10 Million Metric Tons Beginning Stocks 34.0 37.6 39.2 37.0 Production 397.5 357.8 398.7 396.6 Imports 2.3 2.9 2.3 2.4 Supply, Total 433.8 398.3 440.3 436.0 Feed and Residual 148.7 144.1 146.6 146.0 Food, Seed & Industrial 177.0 172.2 175.9 175.9 Domestic, Total 325.7 316.3 322.4 321.8 Exports 70.5 45.0 58.6 57.8 Use, Total 396.2 361.3 381.1 379.6 Ending Stocks 37.6 37.0 59.2 56.4 CORN 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. September October Million Acres Area Planted 93.3 88.6 94.9 94.9 Area Harvested 85.3 79.1 87.1 87.1 Bushels Yield per Harvested Acre 176.7 173.4 173.8 173.0 Million Bushels Beginning Stocks 1,235 1,377 1,452 1,361 Production 15,074 13,715 15,134 15,064 Imports 24 39 25 25 Supply, Total 16,333 15,130 16,611 16,451 Feed and Residual 5,726 5,549 5,625 5,600 Food, Seed & Industrial 2/ 6,757 6,559 6,715 6,715 Ethanol & by -products 3/ 5,320 5,177 5,300 5,300 Domestic, Total 12,483 12,108 12,340 12,315 Exports 2,472 1,661 2,050 2,025 Use, Total 14,956 13,769 14,390 14,340 Ending Stocks 1,377 1,361 2,221 2,111 Avg. Farm Price ($/bu) 4/ 6.00 6.54 4.90 4.95 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed -grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by- products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. October 2023 WASDE - 641 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Sep Oct Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 7.3 6.3 7.2 7.2 Area Harvested (mil. acres) 6.5 4.6 6.3 6.3 Yield (bushels/acre) 69.0 41.1 60.9 57.4 Beginning Stocks 20 47 25 24 Production 448 188 381 360 Imports 0 0 0 0 Supply, Total 468 235 406 384 Feed and Residual 80 42 65 55 Food, Seed & Industrial 45 60 55 55 Total Domestic 125 102 120 110 Exports 296 109 255 245 Use, Total 421 211 375 355 Ending Stocks 47 24 31 29 Avg. Farm Price ($/bu) 2/ 5.94 5.94 4.90 4.95 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. September October Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.7 3.0 3.2 3.1 Area Harvested (mil. acres) 2.0 2.4 2.4 2.6 Yield (bushels/acre) 60.3 71.6 75.1 72.4 Beginning Stocks 71 42 56 58 Production 120 175 180 185 Imports 15 24 14 14 Supply, Total 206 241 250 257 Feed and Residual 17 49 50 60 Food, Seed & Industrial 139 131 125 125 Total Domestic 157 181 175 185 Exports 7 2 3 3 Use, Total 164 183 178 188 Ending Stocks 42 58 72 69 Avg. Farm Price ($/bu) 2/ 5.31 7.40 6.75 7.00 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. September October Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.6 2.6 2.6 2.6 Area Harvested (mil. acres) 0.7 0.9 0.8 0.8 Yield (bushels/acre) 61.3 64.8 61.5 68.6 Beginning Stocks 38 33 35 35 Production 40 58 49 57 Imports 81 84 80 85 Supply, Total 159 174 164 177 Feed and Residual 44 57 50 55 Food, Seed & Industrial 79 81 81 81 Total Domestic 124 138 131 136 Exports 3 2 2 2 Use, Total 126 140 133 138 Ending Stocks 33 35 31 39 Avg. Farm Price ($/bu) 2/ 4.55 4.57 3.30 3.30 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. October 2023 WASDE - 641 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Sep Oct Million Acres Area Planted 2.53 2.22 2.90 2.90 Area Harvested 2.49 2.17 2.85 2.85 Fil ler Pounds Yield per Harvested Acre 7,709 7,383 7,751 7,737 Million Hundredweight Beginning Stocks 2/ 43.7 39.7 30.3 30.3 Production 191.6 160.4 220.9 220.5 Imports 37.8 39.9 39.0 39.0 Supply, Total 273.0 240.0 290.2 289.8 Domestic & Residual 3/ 149.8 145.4 162.0 162.0 Exports, Total 4/ 83.5 64.3 85.0 86.0 Rough 28.2 18.1 26.0 27.0 Milled (rough equiv.) 55.3 46.2 59.0 59.0 Use, Total 233.3 209.7 247.0 248.0 Ending Stocks 39.7 30.3 43.2 41.8 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 16.10 19.30 16.80 16.80 Total LONG -GRAIN RICE 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. September October Harvested Acres (mil.) 1.94 1.77 Yield (pounds/acre) 7,471 7,224 Beginning Stocks 29.7 24.6 21.2 21.2 Imports 30.7 31.9 32.0 32.0 Production 144.6 128.2 152.9 152.6 Supply, Total 7/ 205.0 184.7 206.1 205.8 Domestic & Residual 3/ 118.3 113.7 124.0 124.0 Exports 8/ 62.0 49.8 58.0 59.0 Use, Total 180.3 163.5 182.0 183.0 Ending Stocks 24.6 21.2 24.1 22.8 Avg. Farm Price ($/cwt) 6/ 13.60 16.80 15.00 15.00 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. September October Harvested Acres (mil.) 0.55 0.40 Yield (pounds/acre) 8,549 8,094 Beginning Stocks 11.5 13.0 6.8 6.8 Imports 7.1 8.0 7.0 7.0 Production 47.0 32.2 68.0 67.9 Supply, Total 7/ 66.0 53.0 81.8 81.7 Domestic & Residual 3/ 31.5 31.7 38.0 38.0 Exports 8/ 21.5 14.5 27.0 27.0 Use, Total 53.0 46.2 65.0 65.0 Ending Stocks 13.0 6.8 16.8 16.7 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 26.40 29.40 22.60 22.60 California 10/ 31.90 36.00 26.00 26.00 Other States 1/ 13.90 18.20 15.50 15.50 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2019/20 -1.0; 2020/21-2.5;2021/2 2-2.0. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing -year weighted average price received by farme rs. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The California medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the f inal price may differ. 10/ Marketing year beginning October 1. * For June --Planted acres reported in March 31, 2023, "Prospective P lantings." Harvested acres are estimated using long run harvested -to-planted ratios by rice class. For July --Planted and harvested area are reported in June 30, 2023 "Acreage" report. Projected yield is based on by -class trend analysis and planted area. October 2023 WASDE - 641 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Sep Oct Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 87.2 87.5 83.6 83.6 Area Harvested 86.3 86.2 82.8 82.8 Fil ler Bushels Yield per Harvested Acre 51.7 49.6 50.1 49.6 Million Bushels Beginning Stocks 257 274 250 268 Production 4,465 4,270 4,146 4,104 Imports 16 25 30 30 Supply, Total 4,738 4,569 4,426 4,403 Crushings 2,204 2,212 2,290 2,300 Exports 2,152 1,992 1,790 1,755 Seed 102 97 101 101 Residual 6 0 25 27 Use, Total 4,464 4,301 4,206 4,183 Ending Stocks 274 268 220 220 Avg. Farm Price ($/bu) 2/ 13.30 14.20 12.90 12.90 Total SOYBEAN OIL 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. September October Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 2,131 1,991 1,861 1,761 Production 4/ 26,155 26,265 26,910 27,025 Imports 303 375 400 400 Supply, Total 28,589 28,631 29,171 29,186 Domestic Disappearance 24,827 26,500 27,000 27,100 Biofuel 3/ 10,379 12,100 12,500 12,800 Food, Feed & other Industrial 14,449 14,400 14,500 14,300 Exports 1,771 370 350 350 Use, Total 26,598 26,870 27,350 27,450 Ending stocks 1,991 1,761 1,821 1,736 Avg. Price (c/lb) 2/ 72.98 65.26 63.00 63.00 Total SOYBEAN MEAL 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. September October Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 341 311 350 350 Production 4/ 51,814 52,564 53,975 54,175 Imports 655 625 600 600 Supply, Total 52,810 53,500 54,925 55,125 Domestic Disappearance 38,959 38,600 39,425 39,425 Exports 13,540 14,550 15,100 15,300 Use, Total 52,499 53,150 54,525 54,725 Ending Stocks 311 350 400 400 Avg. Price ($/s.t.) 2/ 439.81 451.91 380.00 380.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects soybean oil used for biofuels as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,220 million bushels for 2022/23 and 2,300 million bushels for 2023/24. October 2023 WASDE - 641 - 16 U.S. Sugar Supply and Use 1/ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Sep Oct Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,705 1,820 2,159 1,977 Production 2/ 9,157 9,237 8,981 8,969 Beet Sugar 5,155 5,168 5,223 5,151 Cane Sugar 4,002 4,069 3,758 3,817 Florida 1,934 1,983 2,034 2,037 Louisiana 1,944 2,010 1,682 1,738 Texas 124 76 42 42 Imports 3,646 3,584 3,264 3,277 TRQ 3/ 1,579 1,834 1,604 1,617 Other Program 4/ 298 141 200 200 Non-program 1,769 1,608 1,459 1,459 Mexico 1,379 1,156 1,284 1,284 High -tier tariff/other 390 453 175 175 Total Supply 14,508 14,641 14,404 14,222 Exports 29 70 35 35 Deliveries 12,578 12,594 12,655 12,630 Food 12,470 12,475 12,550 12,525 Other 5/ 107 119 105 105 Miscellaneous 81 0 0 0 Total Use 12,688 12,664 12,690 12,665 Ending Stocks 1,820 1,977 1,714 1,557 Stocks to Use Ratio 14.3 15.6 13.5 12.3 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2022/23 and 2023/24 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2022/23, WTO raw sugar TRQ shortfall (190) and for 2023/24 (94). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE - reported deliveries: 2021/22 -- 303; estimated 2022/23 -- 299; projected 2023/24 -- 291 Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2022/23 Est. Sep 964 5,224 254 4,498 1,065 880 2022/23 Est. Oct 964 5,224 285 4,627 1,011 836 2023/24 Proj. Sep 880 5,800 45 4,589 1,248 888 2023/24 Proj. Oct 836 5,575 322 4,699 1,124 909 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2021/22 = 1,320; Estimated 2022/23 = 1,407; Projected 2023/24 = 1,407; Estimated Oct. - Aug. 2023 =1,285; Estimated Oct. - Aug. 2022 = 1,184. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2022/23 (406 est =381 dom.+25 import); 2023/24 (450 proj = 425 dom.+25 import). Statistical Adjustments: 2022/23 (27), 2023/24 (0). October 2023 WASDE - 641 - 17 U.S. Cotton Supply and Use 1/ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Sep Oct Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 11.22 13.76 10.23 10.23 Harvested 10.27 7.31 8.02 8.02 Fil ler Pounds Yield per Harvested Acre 819 950 786 767 Million 480 Pound Bales Beginning Stocks 3.15 4.05 4.25 4.25 Production 17.52 14.47 13.13 12.82 Imports 0.01 0.00 0.01 0.01 Supply, Total 20.68 18.52 17.39 17.07 Domestic Use 2.55 2.05 2.15 2.15 Exports, Total 14.48 12.77 12.30 12.20 Use, Total 17.03 14.82 14.45 14.35 Unaccounted 2/ -0.40 -0.55 -0.06 -0.08 Ending Stocks 4.05 4.25 3.00 2.80 Avg. Farm Price 3/ 91.4 84.8 80.0 80.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. October 2023 WASDE - 641 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 284.09 781.01 199.47 161.13 792.42 202.76 272.68 World Less China 144.97 644.07 189.90 126.13 644.42 201.89 135.92 United States 23.00 44.80 2.62 1.75 29.76 21.66 19.01 Total Foreign 261.09 736.21 196.85 159.38 762.67 181.11 253.67 Major Exporters 4/ 34.88 327.13 5.79 78.40 185.70 142.40 39.71 Argentina 2.32 22.15 0.00 0.25 6.55 16.00 1.93 Australia 3.02 36.24 0.21 5.00 8.50 27.51 3.45 Canada 5.95 22.42 0.55 5.15 10.15 15.12 3.66 European Union 5/ 10.70 138.16 4.63 45.00 108.25 31.93 13.31 Russia 11.38 75.16 0.30 18.50 41.75 33.00 12.09 Ukraine 1.51 33.01 0.10 4.50 10.50 18.84 5.27 Major Importers 6/ 177.53 204.00 130.32 54.68 323.57 15.28 173.01 Bangladesh 2.14 1.09 6.34 0.55 8.25 0.00 1.31 Brazil 1.91 7.70 6.39 0.45 11.75 3.07 1.18 China 139.12 136.95 9.57 35.00 148.00 0.88 136.76 Japan 1.04 1.13 5.61 0.75 6.30 0.30 1.18 N. Africa 7/ 12.42 21.27 26.61 1.87 47.02 0.41 12.88 Nigeria 0.79 0.09 6.19 0.05 5.85 0.60 0.62 Sel. Mideast 8/ 10.13 16.47 22.76 3.88 38.77 0.75 9.84 Southeast Asia 9/ 4.45 0.00 27.02 8.50 25.63 1.20 4.64 Selected Other India 27.80 109.59 0.03 7.00 109.88 8.03 19.50 Kazakhstan 1.48 11.81 2.50 1.35 6.20 8.10 1.49 United Kingdom 1.42 13.99 2.64 7.32 15.32 0.87 1.85 2022/23 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 272.68 789.50 211.48 155.74 794.62 221.60 267.55 World Less China 135.92 651.77 198.20 122.74 646.62 220.65 128.74 United States 19.01 44.90 3.32 2.42 30.75 20.65 15.83 Total Foreign 253.67 744.60 208.17 153.32 763.87 200.95 251.73 Major Exporters 4/ 39.71 334.26 13.21 74.95 182.35 162.45 42.37 Argentina 1.93 12.55 0.01 0.05 6.55 4.50 3.43 Australia 3.45 39.69 0.20 4.50 8.00 32.50 2.84 Canada 3.66 34.34 0.55 4.00 9.15 25.75 3.66 European Union 5/ 13.31 134.19 12.09 44.00 108.00 35.08 16.51 Russia 12.09 92.00 0.30 19.00 42.25 47.50 14.64 Ukraine 5.27 21.50 0.06 3.40 8.40 17.12 1.30 Major Importers 6/ 173.01 205.95 133.96 51.15 321.00 15.38 176.53 Bangladesh 1.31 1.10 5.12 0.20 6.70 0.00 0.83 Brazil 1.18 10.60 5.00 0.55 11.95 2.70 2.13 China 136.76 137.72 13.28 33.00 148.00 0.95 138.82 Japan 1.18 1.04 5.45 0.75 6.25 0.29 1.13 N. Africa 7/ 12.88 17.33 29.12 1.67 46.42 1.01 11.90 Nigeria 0.62 0.11 4.73 0.00 4.70 0.40 0.36 Sel. Mideast 8/ 9.84 17.19 24.64 3.68 39.75 0.65 11.26 Southeast Asia 9/ 4.64 0.00 24.62 7.50 24.30 1.28 3.68 Selected Other India 19.50 104.00 0.05 6.50 108.68 5.38 9.50 Kazakhstan 1.49 16.40 3.10 2.30 7.40 10.50 3.10 United Kingdom 1.85 15.54 2.02 7.00 15.00 1.91 2.50 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2023 WASDE - 641 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Sep 267.13 787.34 205.62 157.58 795.86 207.34 258.61 Oct 267.55 783.43 204.63 156.40 792.86 206.26 258.13 World Less China Sep 128.31 650.34 194.62 120.58 642.86 206.44 125.69 Oct 128.74 646.43 193.63 119.40 639.86 205.36 125.21 United States Sep 15.79 47.20 3.54 2.45 30.73 19.05 16.75 Oct 15.83 49.31 3.67 3.27 31.54 19.05 18.22 Total Foreign Sep 251.35 740.14 202.08 155.13 765.13 188.29 241.87 Oct 251.73 734.12 200.95 153.13 761.32 187.21 239.90 Major Exporters 4/ Sep 43.77 315.00 8.68 74.45 181.75 151.00 34.70 Oct 42.37 313.50 8.68 73.45 180.75 150.50 33.31 Argentina Sep 3.43 16.50 0.00 0.05 6.55 11.50 1.88 Oct 3.43 16.50 0.00 0.05 6.55 11.50 1.88 Australia Sep 2.84 26.00 0.20 3.70 7.20 19.00 2.84 Oct 2.84 24.50 0.20 3.70 7.20 17.50 2.84 Canada Sep 3.58 31.00 0.60 3.50 8.70 23.00 3.48 Oct 3.66 31.00 0.60 3.50 8.70 23.00 3.56 European Union 5/ Sep 16.45 134.00 7.50 44.00 108.50 37.50 11.95 Oct 16.51 134.00 7.50 44.00 108.50 37.50 12.01 Russia Sep 16.14 85.00 0.30 19.00 42.00 49.00 10.44 Oct 14.64 85.00 0.30 18.00 41.00 50.00 8.94 Ukraine Sep 1.33 22.50 0.08 4.20 8.80 11.00 4.11 Oct 1.30 22.50 0.08 4.20 8.80 11.00 4.08 Major Importers 6/ Sep 176.26 208.59 131.42 54.70 327.85 17.30 171.13 Oct 176.53 208.07 130.82 54.50 327.15 17.17 171.10 Bangladesh Sep 0.83 1.10 5.80 0.25 6.75 0.00 0.98 Oct 0.83 1.10 5.80 0.25 6.75 0.00 0.98 Brazil Sep 2.13 10.30 5.60 0.60 12.10 3.50 2.43 Oct 2.13 9.80 5.60 0.80 12.30 3.00 2.23 China Sep 138.82 137.00 11.00 37.00 153.00 0.90 132.92 Oct 138.82 137.00 11.00 37.00 153.00 0.90 132.92 Japan Sep 1.03 1.17 5.60 0.75 6.35 0.30 1.15 Oct 1.13 1.12 5.50 0.65 6.25 0.30 1.20 N. Africa 7/ Sep 11.80 16.73 31.10 1.75 47.30 0.90 11.43 Oct 11.90 16.73 31.10 1.75 47.30 0.90 11.53 Nigeria Sep 0.36 0.12 5.30 0.00 5.00 0.50 0.28 Oct 0.36 0.12 4.80 0.00 4.60 0.35 0.33 Sel. Mideast 8/ Sep 11.27 19.18 23.22 3.60 40.50 0.63 12.54 Oct 11.26 19.18 22.72 3.30 40.10 0.63 12.43 Southeast Asia 9/ Sep 3.60 0.00 24.60 6.95 23.70 1.13 3.37 Oct 3.68 0.00 24.60 6.95 23.80 1.15 3.33 Selected Other India Sep 9.50 113.50 0.10 5.50 108.10 1.00 14.00 Oct 9.50 113.50 0.10 5.50 108.10 1.00 14.00 Kazakhstan Sep 2.70 15.00 2.50 2.00 7.10 10.50 2.60 Oct 3.10 13.00 2.00 1.50 6.60 10.00 1.50 United Kingdom Sep 2.49 14.75 2.00 7.10 15.20 1.90 2.14 Oct 2.50 14.75 2.00 7.10 15.20 1.90 2.15 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2023 WASDE - 641 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 322.96 1,503.56 230.09 907.99 1,488.58 253.89 337.94 World Less China 115.51 1,222.71 188.59 680.17 1,168.55 253.89 128.17 United States 34.01 397.71 2.59 148.79 326.22 70.52 37.58 Total Foreign 288.95 1,105.85 227.50 759.20 1,162.36 183.38 300.36 Major Exporters 4/ 19.40 332.29 9.77 138.66 185.03 149.23 27.21 Argentina 2.05 58.64 0.01 12.02 17.84 40.29 2.56 Australia 2.98 19.22 0.00 5.89 7.76 10.83 3.61 Brazil 4.60 120.62 3.25 63.59 75.68 48.30 4.50 Canada 3.63 25.12 6.40 17.50 25.79 5.65 3.71 Russia 1.90 38.54 0.10 22.23 31.11 7.58 1.85 Ukraine 1.65 53.51 0.02 10.43 13.56 32.93 8.69 Major Importers 5/ 36.04 248.20 138.71 285.32 369.66 15.33 37.96 European Union 6/ 14.51 154.80 21.30 117.48 158.27 13.76 18.58 Japan 1.63 0.24 16.51 13.09 16.82 0.00 1.56 Mexico 3.60 32.79 18.56 31.05 50.77 0.25 3.93 N. Afr & Mideast 7/ 6.97 29.05 40.50 60.81 69.40 0.69 6.43 Saudi Arabia 1.33 0.15 8.28 8.02 8.35 0.00 1.41 Southeast Asia 8/ 5.22 30.90 17.31 41.11 49.48 0.64 3.31 South Korea 2.04 0.19 11.62 9.26 11.78 0.00 2.07 Selected Other China 207.46 280.85 41.50 227.83 320.03 0.01 209.77 2022/23 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 337.94 1,444.43 215.34 893.47 1,455.63 220.69 326.74 World Less China 128.17 1,158.93 183.07 663.62 1,134.58 220.64 120.30 United States 37.58 358.10 3.25 144.26 316.90 45.04 37.00 Total Foreign 300.36 1,086.33 212.09 749.20 1,138.74 175.65 289.75 Major Exporters 4/ 27.21 327.11 4.84 136.89 185.38 146.23 27.54 Argentina 2.56 40.72 0.01 9.00 14.93 26.55 1.81 Australia 3.61 18.66 0.00 6.42 8.30 10.49 3.49 Brazil 4.50 141.60 2.30 66.85 80.49 57.03 10.89 Canada 3.71 30.54 2.28 16.75 24.85 7.95 3.72 Russia 1.85 44.13 0.10 23.68 33.15 10.62 2.32 Ukraine 8.69 33.93 0.02 6.70 9.67 29.79 3.17 Major Importers 5/ 37.96 229.67 138.45 277.27 360.09 12.73 33.26 European Union 6/ 18.58 132.92 26.34 112.56 152.38 10.90 14.56 Japan 1.56 0.25 16.62 13.20 16.90 0.00 1.52 Mexico 3.93 33.80 19.00 32.68 52.35 0.20 4.19 N. Afr & Mideast 7/ 6.43 31.39 34.03 57.00 65.03 0.76 6.06 Saudi Arabia 1.41 0.14 7.91 7.71 8.05 0.00 1.41 Southeast Asia 8/ 3.31 30.93 18.44 40.25 48.75 0.87 3.06 South Korea 2.07 0.16 11.74 9.55 12.06 0.00 1.91 Selected Other China 209.77 285.50 32.28 229.85 321.05 0.05 206.45 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, an d Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indone sia, Malaysia, Philippines, Thailand, and Vietnam. October 2023 WASDE - 641 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Sep 328.19 1,496.50 225.96 912.72 1,485.13 235.44 339.56 Oct 326.74 1,494.55 225.75 910.80 1,483.08 235.55 338.22 World Less China Sep 121.85 1,211.20 186.66 675.42 1,156.58 235.41 137.19 Oct 120.30 1,209.25 187.05 674.10 1,155.13 235.53 135.74 United States Sep 39.27 399.10 2.60 146.73 323.07 58.65 59.26 Oct 37.00 396.91 2.69 146.06 322.39 57.76 56.44 Total Foreign Sep 288.92 1,097.41 223.37 765.99 1,162.07 176.79 280.31 Oct 289.75 1,097.65 223.07 764.75 1,160.69 177.79 281.78 Major Exporters 4/ Sep 26.88 329.42 4.11 137.94 187.40 147.95 25.06 Oct 27.54 329.09 4.11 137.32 186.31 148.75 25.68 Argentina Sep 2.13 63.38 0.01 11.51 17.72 45.70 2.09 Oct 1.81 63.58 0.01 11.61 17.77 45.70 1.93 Australia Sep 3.49 13.34 0.00 5.71 7.59 7.46 1.78 Oct 3.49 13.04 0.00 5.71 7.59 7.16 1.78 Brazil Sep 10.80 134.33 1.70 68.28 83.31 55.03 8.49 Oct 10.89 134.33 1.70 68.28 83.31 55.03 8.58 Canada Sep 3.77 26.71 2.25 15.57 23.51 5.88 3.33 Oct 3.72 26.38 2.25 15.54 23.39 5.88 3.08 Russia Sep 2.32 39.80 0.10 22.05 31.35 9.11 1.77 Oct 2.32 39.80 0.10 21.25 30.25 10.21 1.77 Ukraine Sep 2.23 34.47 0.02 7.41 9.99 21.37 5.36 Oct 3.17 34.57 0.02 7.51 10.09 21.37 6.31 Major Importers 5/ Sep 33.15 235.01 142.08 282.91 366.71 12.28 31.26 Oct 33.26 235.16 142.38 282.94 366.74 12.28 31.79 European Union 6/ Sep 14.56 136.10 25.98 112.26 152.51 10.59 13.53 Oct 14.56 136.25 25.98 112.00 152.24 10.59 13.95 Japan Sep 1.52 0.25 17.01 13.34 17.24 0.00 1.54 Oct 1.52 0.25 17.01 13.34 17.24 0.00 1.54 Mexico Sep 4.17 33.24 18.73 32.50 52.32 0.30 3.52 Oct 4.19 33.24 18.73 32.50 52.32 0.30 3.54 N. Afr & Mideast 7/ Sep 6.16 33.92 36.17 61.38 69.58 0.77 5.91 Oct 6.06 33.92 36.47 61.68 69.88 0.77 5.81 Saudi Arabia Sep 1.21 0.15 8.81 8.62 8.96 0.00 1.21 Oct 1.41 0.15 8.81 8.62 8.96 0.00 1.41 Southeast Asia 8/ Sep 3.07 31.11 18.81 40.75 49.30 0.61 3.07 Oct 3.06 31.11 18.81 40.75 49.30 0.61 3.06 South Korea Sep 1.91 0.16 11.91 9.54 12.03 0.00 1.95 Oct 1.91 0.16 11.91 9.54 12.03 0.00 1.95 Selected Other China Sep 206.35 285.30 39.30 237.30 328.55 0.03 202.37 Oct 206.45 285.30 38.70 236.70 327.95 0.03 202.47 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit , and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Afr ica and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade ex cludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2023 WASDE - 641 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 292.88 1,218.71 184.44 745.24 1,201.05 206.59 310.54 World Less China 87.18 946.16 162.56 536.24 910.05 206.59 101.40 United States 31.36 382.89 0.62 145.46 317.09 62.80 34.98 Total Foreign 261.52 835.82 183.82 599.78 883.96 143.79 275.57 Major Exporters 4/ 9.04 238.99 2.67 93.66 116.86 117.60 16.24 Argentina 1.18 49.50 0.01 10.10 14.20 34.69 1.80 Brazil 4.15 116.00 2.60 59.50 70.50 48.28 3.97 Russia 0.75 15.23 0.05 10.00 11.10 4.00 0.93 South Africa 2.12 16.14 0.00 6.86 12.66 3.65 1.95 Ukraine 0.83 42.13 0.02 7.20 8.40 26.98 7.59 Major Importers 5/ 21.63 136.75 94.26 165.82 222.25 6.92 23.47 Egypt 1.36 7.44 9.76 14.50 17.00 0.00 1.56 European Union 6/ 7.83 71.52 19.74 60.00 81.70 6.03 11.36 Japan 1.39 0.01 15.00 11.70 15.04 0.00 1.36 Mexico 3.08 26.76 17.57 25.80 44.00 0.25 3.16 Southeast Asia 7/ 5.21 30.85 16.13 40.10 48.25 0.64 3.30 South Korea 2.02 0.09 11.51 9.22 11.56 0.00 2.06 Selected Other Canada 2.17 14.61 6.14 12.17 17.98 2.19 2.75 China 205.70 272.55 21.88 209.00 291.00 0.00 209.14 2022/23 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2 / Exports Ending Stocks World 3/ 310.54 1,154.99 174.18 731.75 1,167.41 181.01 298.13 World Less China 101.40 877.79 155.68 513.75 868.41 180.99 92.31 United States 34.98 348.37 0.98 140.94 307.55 42.20 34.58 Total Foreign 275.57 806.62 173.20 590.81 859.85 138.81 263.55 Major Exporters 4/ 16.24 230.93 1.76 90.60 115.60 116.70 16.64 Argentina 1.80 34.00 0.01 7.50 11.70 23.00 1.11 Brazil 3.97 137.00 1.68 62.80 75.30 57.00 10.36 Russia 0.93 15.83 0.05 8.90 10.00 5.90 0.91 South Africa 1.95 17.10 0.00 7.40 13.40 3.80 1.85 Ukraine 7.59 27.00 0.02 4.00 5.20 27.00 2.41 Major Importers 5/ 23.47 118.73 95.64 158.25 213.75 5.07 19.02 Egypt 1.56 7.44 6.00 11.00 13.50 0.00 1.50 European Union 6/ 11.36 52.23 24.00 55.80 76.40 4.00 7.19 Japan 1.36 0.01 15.00 11.70 15.00 0.00 1.37 Mexico 3.16 28.00 18.00 27.20 45.50 0.20 3.46 Southeast Asia 7/ 3.30 30.88 16.74 38.75 47.00 0.87 3.05 South Korea 2.06 0.09 11.60 9.50 11.85 0.00 1.90 Selected Other Canada 2.75 14.54 2.23 9.22 15.02 2.86 1.63 China 209.14 277.20 18.50 218.00 299.00 0.02 205.82 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2023 WASDE - 641 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Sep 299.47 1,214.29 187.12 756.10 1,199.77 196.19 313.99 Oct 298.13 1,214.47 186.92 756.27 1,200.20 196.25 312.40 World Less China Sep 93.65 937.29 164.12 533.10 895.77 196.17 112.19 Oct 92.31 937.47 163.92 533.27 896.20 196.23 110.60 United States Sep 36.87 384.42 0.64 142.88 313.45 52.07 56.40 Oct 34.58 382.65 0.64 142.25 312.82 51.44 53.62 Total Foreign Sep 262.60 829.87 186.48 613.22 886.32 144.12 257.58 Oct 263.55 831.82 186.28 614.02 887.39 144.82 258.78 Major Exporters 4/ Sep 15.55 242.40 1.28 94.10 120.50 122.60 16.13 Oct 16.64 243.40 1.28 94.60 121.00 123.10 17.21 Argentina Sep 1.11 54.00 0.01 9.30 13.60 40.50 1.01 Oct 1.11 55.00 0.01 9.80 14.10 41.00 1.01 Brazil Sep 10.27 129.00 1.20 63.50 77.50 55.00 7.97 Oct 10.36 129.00 1.20 63.50 77.50 55.00 8.06 Russia Sep 0.91 14.60 0.05 9.50 10.60 4.20 0.76 Oct 0.91 14.60 0.05 9.50 10.60 4.20 0.76 South Africa Sep 1.85 16.80 0.00 7.30 13.30 3.40 1.95 Oct 1.85 16.80 0.00 7.30 13.30 3.40 1.95 Ukraine Sep 1.41 28.00 0.02 4.50 5.50 19.50 4.43 Oct 2.41 28.00 0.02 4.50 5.50 19.50 5.43 Major Importers 5/ Sep 19.03 125.65 99.35 164.40 220.55 5.01 18.46 Oct 19.02 125.95 99.35 164.70 220.85 5.01 18.45 Egypt Sep 1.50 7.60 7.50 12.70 15.20 0.00 1.40 Oct 1.50 7.60 7.50 12.70 15.20 0.00 1.40 European Union 6/ Sep 7.19 59.40 24.00 58.30 79.20 4.10 7.29 Oct 7.19 59.70 24.00 58.60 79.50 4.10 7.29 Japan Sep 1.37 0.01 15.50 12.00 15.50 0.00 1.39 Oct 1.37 0.01 15.50 12.00 15.50 0.00 1.39 Mexico Sep 3.46 27.40 18.00 27.30 45.70 0.30 2.86 Oct 3.46 27.40 18.00 27.30 45.70 0.30 2.86 Southeast Asia 7/ Sep 3.06 31.06 17.95 40.10 48.40 0.61 3.06 Oct 3.05 31.06 17.95 40.10 48.40 0.61 3.05 South Korea Sep 1.90 0.09 11.80 9.50 11.85 0.00 1.94 Oct 1.90 0.09 11.80 9.50 11.85 0.00 1.94 Selected Other Canada Sep 1.69 15.30 2.20 9.70 15.20 1.80 2.19 Oct 1.63 15.30 2.20 9.70 15.20 1.80 2.13 China Sep 205.82 277.00 23.00 223.00 304.00 0.02 201.80 Oct 205.82 277.00 23.00 223.00 304.00 0.02 201.80 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. October 2023 WASDE - 641 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 187.29 514.35 54.45 519.00 56.90 182.64 World Less China 70.79 365.36 48.50 362.64 54.82 69.64 United States 1.39 6.08 1.20 4.76 2.65 1.26 Total Foreign 185.90 508.26 53.25 514.24 54.25 181.38 Major Exporters 4/ 46.92 197.74 1.76 158.80 43.91 43.71 Burma 1.31 12.40 0.00 10.50 2.34 0.88 India 37.00 129.47 0.00 110.45 22.03 34.00 Pakistan 1.89 9.32 0.01 3.75 4.82 2.65 Thailand 3.98 19.88 0.05 12.70 7.68 3.53 Vietnam 2.74 26.67 1.70 21.40 7.05 2.66 Major Importers 5/ 126.78 242.00 22.46 263.11 2.54 125.59 China 116.50 148.99 5.95 156.36 2.08 113.00 European Union 6/ 0.68 1.73 2.41 3.50 0.41 0.91 Indonesia 3.06 34.40 0.74 35.30 0.00 2.90 Nigeria 1.69 5.26 2.45 7.35 0.00 2.05 Philippines 2.36 12.54 3.60 15.40 0.00 3.10 Sel. Mideast 7/ 0.91 2.15 4.35 6.15 0.00 1.26 Selected Other Brazil 1.17 7.34 0.93 7.15 1.39 0.90 C. Amer & Carib 8/ 0.57 1.62 1.68 3.27 0.04 0.57 Egypt 1.16 2.90 0.61 4.05 0.01 0.61 Japan 1.94 7.64 0.69 8.20 0.12 1.95 Mexico 0.20 0.18 0.74 0.97 0.01 0.14 South Korea 1.02 3.88 0.44 3.95 0.05 1.33 2022/23 Est. Beginning Stocks Productio n Imports Total /2 Domestic Exports Ending Stocks World 3/ 182.64 513.68 54.66 523.46 54.70 172.86 World Less China 69.64 367.74 50.28 368.47 52.97 66.26 United States 1.26 5.09 1.27 4.62 2.04 0.96 Total Foreign 181.38 508.59 53.40 518.84 52.66 171.90 Major Exporters 4/ 43.71 201.21 1.86 163.90 42.90 39.98 Burma 0.88 11.80 0.00 10.20 1.40 1.08 India 34.00 136.00 0.00 116.00 21.00 33.00 Pakistan 2.65 5.50 0.01 3.60 3.60 0.96 Thailand 3.53 20.91 0.05 12.70 8.50 3.29 Vietnam 2.66 27.00 1.80 21.40 8.40 1.66 Major Importers 5/ 125.59 238.74 22.51 264.04 2.17 120.62 China 113.00 145.95 4.38 154.99 1.74 106.60 European Union 6/ 0.91 1.34 2.40 3.40 0.40 0.85 Indonesia 2.90 34.00 2.80 35.70 0.00 4.00 Nigeria 2.05 5.36 2.10 7.50 0.00 2.00 Philippines 3.10 12.63 3.75 16.00 0.00 3.48 Sel. Mideast 7/ 1.26 2.02 4.35 6.30 0.00 1.33 Selected Other Brazil 0.90 7.00 0.90 6.90 1.20 0.70 C. Amer & Carib 8/ 0.57 1.54 1.94 3.35 0.05 0.64 Egypt 0.61 3.60 0.45 4.00 0.01 0.66 Japan 1.95 7.48 0.69 8.20 0.12 1.80 Mexico 0.14 0.14 0.80 0.98 0.01 0.10 South Korea 1.33 3.76 0.30 3.95 0.06 1.39 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. October 2023 WASDE - 641 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Sep 172.24 518.08 49.81 522.73 52.15 167.60 Oct 172.86 518.14 49.68 523.53 52.33 167.47 World Less China Sep 65.64 369.08 46.31 370.73 50.15 62.50 Oct 66.26 369.14 46.68 371.43 50.33 62.97 United States Sep 0.96 7.01 1.24 5.14 2.70 1.37 Oct 0.96 7.00 1.24 5.14 2.73 1.33 Total Foreign Sep 171.28 511.07 48.57 517.58 49.45 166.23 Oct 171.90 511.14 48.44 518.39 49.60 166.14 Major Exporters 4/ Sep 39.78 199.50 1.46 163.25 39.80 37.69 Oct 39.98 199.50 1.46 163.15 39.90 37.89 Burma Sep 1.08 12.00 0.00 10.25 1.80 1.04 Oct 1.08 12.00 0.00 10.25 1.80 1.04 India Sep 33.00 132.00 0.00 115.50 17.50 32.00 Oct 33.00 132.00 0.00 115.50 17.50 32.00 Pakistan Sep 0.86 9.00 0.01 3.70 5.00 1.16 Oct 0.96 9.00 0.01 3.70 5.00 1.26 Thailand Sep 3.29 19.50 0.05 12.50 8.00 2.34 Oct 3.29 19.50 0.05 12.50 8.00 2.34 Vietnam Sep 1.56 27.00 1.40 21.30 7.50 1.16 Oct 1.66 27.00 1.40 21.20 7.60 1.26 Major Importers 5/ Sep 120.14 242.25 19.45 261.65 2.46 117.74 Oct 120.62 242.25 19.45 262.20 2.46 117.66 China Sep 106.60 149.00 3.50 152.00 2.00 105.10 Oct 106.60 149.00 3.00 152.10 2.00 104.50 European Union 6/ Sep 0.85 1.43 2.40 3.50 0.40 0.77 Oct 0.85 1.43 2.40 3.50 0.40 0.77 Indonesia Sep 3.50 34.45 0.70 35.25 0.00 3.40 Oct 4.00 34.45 1.40 35.80 0.00 4.05 Nigeria Sep 2.00 5.23 2.00 7.60 0.00 1.63 Oct 2.00 5.23 2.00 7.60 0.00 1.63 Philippines Sep 3.48 12.60 3.80 16.40 0.00 3.48 Oct 3.48 12.60 3.80 16.40 0.00 3.48 Sel. Mideast 7/ Sep 1.39 2.02 4.60 6.65 0.00 1.36 Oct 1.33 2.02 4.50 6.55 0.00 1.29 Selected Other Brazil Sep 0.70 6.80 0.95 6.80 1.00 0.65 Oct 0.70 6.80 0.95 6.80 1.00 0.65 C. Amer & Carib 8/ Sep 0.65 1.53 1.83 3.33 0.04 0.65 Oct 0.64 1.53 1.82 3.32 0.04 0.64 Egypt Sep 0.66 3.78 0.35 4.10 0.01 0.68 Oct 0.66 3.78 0.35 4.10 0.01 0.68 Japan Sep 1.80 7.45 0.69 8.20 0.12 1.61 Oct 1.80 7.30 0.69 8.06 0.12 1.60 Mexico Sep 0.10 0.17 0.85 1.00 0.01 0.10 Oct 0.10 0.17 0.85 1.00 0.01 0.10 South Korea Sep 1.42 3.61 0.42 4.00 0.06 1.40 Oct 1.39 3.61 0.42 3.98 0.06 1.39 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. October 2023 WASDE - 641 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2021/22 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 77.75 114.65 42.71 115.93 43.24 -0.60 76.54 World Less China 40.46 87.85 34.87 82.18 43.12 -0.60 38.48 United States 3.15 17.52 0.01 2.55 14.48 -0.40 4.05 Total Foreign 74.60 97.13 42.71 113.38 28.76 -0.20 72.49 Major Exporters 4/ 25.79 54.51 1.70 34.32 24.50 -0.20 23.37 Central Asia 5/ 3.03 5.09 0.06 4.28 1.51 0.00 2.39 Afr. Fr. Zone 6/ 1.68 5.98 3/ 0.10 6.44 -0.01 1.13 S. Hemis. 7/ 8.77 18.63 0.19 4.38 12.47 -0.19 10.93 Australia 2.51 5.85 3/ 0.01 3.58 -0.19 4.96 Brazil 4.07 10.82 0.02 3.30 7.73 0.00 3.88 India 11.94 24.40 1.00 25.00 3.74 0.00 8.60 Major Importers 8/ 46.49 39.65 38.69 75.17 2.94 0.00 46.72 Mexico 0.44 1.22 0.96 1.90 0.40 0.00 0.32 China 37.29 26.80 7.84 33.75 0.12 0.00 38.06 European Union 9/ 0.37 1.67 0.64 0.62 1.77 0.00 0.30 Turkey 1.76 3.80 5.52 8.60 0.57 0.00 1.92 Pakistan 2.18 6.00 4.50 10.70 0.05 0.00 1.93 Indonesia 0.50 3/ 2.58 2.60 0.01 0.00 0.46 Thailand 0.13 3/ 0.75 0.74 0.00 0.00 0.15 Bangladesh 2.48 0.15 8.20 8.50 0.00 0.00 2.33 Vietnam 1.09 3/ 6.63 6.70 0.00 0.00 1.02 2022/23 Est. Beginning Stocks Productio n Imports Domestic Use Exports Loss /2 Ending Stocks World 76.54 116.27 37.18 110.87 37.00 -0.72 82.84 World Less China 38.48 85.57 30.95 73.37 36.91 -0.72 45.43 United States 4.05 14.47 3/ 2.05 12.77 -0.55 4.25 Total Foreign 72.49 101.80 37.18 108.82 24.24 -0.18 78.59 Major Exporters 4/ 23.37 55.84 2.35 32.19 19.94 -0.19 29.62 Central Asia 5/ 2.39 5.63 0.03 3.84 1.10 0.00 3.11 Afr. Fr. Zone 6/ 1.13 4.02 3/ 0.10 3.90 0.00 1.16 S. Hemis. 7/ 10.93 19.64 0.14 4.21 13.39 -0.19 13.30 Australia 4.96 5.80 3/ 0.01 6.16 -0.19 4.78 Brazil 3.88 11.72 0.01 3.20 6.66 0.00 5.76 India 8.60 26.00 1.73 23.50 1.10 0.00 11.72 Major Importers 8/ 46.72 42.88 32.41 72.91 3.01 0.02 46.07 Mexico 0.32 1.58 0.69 1.75 0.41 0.00 0.43 China 38.06 30.70 6.23 37.50 0.09 0.00 37.40 European Union 9/ 0.30 1.64 0.52 0.55 1.51 0.00 0.39 Turkey 1.92 4.90 4.19 7.50 0.86 0.02 2.63 Pakistan 1.93 3.90 4.50 8.70 0.10 0.00 1.53 Indonesia 0.46 3/ 1.66 1.75 0.02 0.00 0.36 Thailand 0.15 3/ 0.66 0.68 0.00 0.00 0.14 Bangladesh 2.33 0.15 6.55 7.10 0.00 0.00 1.93 Vietnam 1.02 3/ 6.47 6.45 0.00 0.00 1.05 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. October 2023 WASDE - 641 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2023/24 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Sep 93.18 112.39 43.27 115.88 43.27 -0.26 89.96 Oct 82.84 112.60 43.23 115.79 43.24 -0.28 79.92 World Less China Sep 55.78 85.39 33.27 78.38 43.17 -0.26 53.16 Oct 45.43 85.60 33.23 78.29 43.14 -0.28 43.12 United States Sep 4.25 13.13 0.01 2.15 12.30 -0.06 3.00 Oct 4.25 12.82 0.01 2.15 12.20 -0.08 2.80 filler filler filler filler filler filler filler Total Foreign Sep 88.93 99.26 43.27 113.73 30.97 -0.20 86.96 Oct 78.59 99.79 43.22 113.64 31.04 -0.20 77.12 Major Exporters 4/ Sep 39.88 56.61 1.97 33.21 27.14 -0.20 38.31 Oct 29.62 57.32 2.04 33.22 27.30 -0.20 28.67 Central Asia 5/ Sep 3.13 5.19 0.10 4.19 1.38 0.00 2.85 Oct 3.11 5.19 0.10 4.19 1.38 0.00 2.83 Afr. Fr. Zone 6/ Sep 1.16 4.92 3/ 0.10 4.73 0.00 1.25 Oct 1.16 4.92 3/ 0.10 4.73 0.00 1.25 S. Hemis. 7/ Sep 23.59 21.03 0.17 4.40 18.64 -0.20 21.95 Oct 13.30 21.74 0.17 4.36 18.79 -0.20 12.25 Australia Sep 4.78 5.40 3/ 0.01 5.80 -0.20 4.57 Oct 4.78 5.10 3/ 0.01 5.70 -0.20 4.37 filler filler filler filler filler filler filler Brazil Sep 16.39 13.80 0.02 3.30 11.80 0.00 15.11 Oct 5.76 14.56 0.02 3.30 11.80 0.00 5.24 India Sep 11.70 25.00 1.30 24.00 2.00 0.00 12.00 Oct 11.72 25.00 1.30 24.00 2.00 0.00 12.02 Major Importers 8/ Sep 46.12 39.51 38.83 76.44 2.29 0.00 45.73 Oct 46.07 39.39 38.72 76.43 2.20 0.00 45.55 Mexico Sep 0.45 1.10 1.00 1.80 0.30 0.00 0.45 Oct 0.43 1.10 0.85 1.75 0.30 0.00 0.33 China Sep 37.40 27.00 10.00 37.50 0.10 0.00 36.80 Oct 37.40 27.00 10.00 37.50 0.10 0.00 36.80 European Union 9/ Sep 0.42 1.25 0.59 0.61 1.29 0.00 0.35 Oct 0.39 1.13 0.59 0.61 1.20 0.00 0.29 Turkey Sep 2.63 3.50 4.40 8.00 0.50 0.00 2.03 Oct 2.63 3.50 4.40 8.00 0.50 0.00 2.03 Pakistan Sep 1.53 6.50 4.20 10.00 0.08 0.00 2.15 Oct 1.53 6.50 4.20 10.00 0.08 0.00 2.15 Indonesia Sep 0.36 3/ 2.30 2.20 0.01 0.00 0.46 Oct 0.36 3/ 2.30 2.20 0.01 0.00 0.46 Thailand Sep 0.14 3/ 0.73 0.73 0.00 0.00 0.14 Oct 0.14 3/ 0.73 0.73 0.00 0.00 0.14 Bangladesh Sep 1.93 0.16 7.70 7.70 0.00 0.00 2.09 Oct 1.93 0.16 7.70 7.70 0.00 0.00 2.09 Vietnam Sep 1.05 3/ 6.90 6.90 0.00 0.00 1.05 Oct 1.05 3/ 6.90 6.90 0.00 0.00 1.05 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. October 2023 WASDE - 641 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 100.26 360.43 156.64 314.50 363.96 154.25 99.13 World Less China 69.41 344.04 65.08 226.60 255.57 154.15 68.81 United States 6.99 121.53 0.43 59.98 62.92 58.57 7.47 Total Foreign 93.27 238.91 156.20 254.52 301.04 95.68 91.66 Major Exporters 3/ 55.39 181.82 4.43 91.83 102.47 87.25 51.93 Argentina 25.06 43.90 3.84 38.83 46.04 2.86 23.90 Brazil 29.58 130.50 0.54 50.71 53.96 79.06 27.60 Paraguay 0.48 4.18 0.04 2.20 2.25 2.27 0.18 Major Importers 4/ 34.24 20.29 123.78 116.74 144.71 0.42 33.18 China 30.86 16.40 91.56 87.90 108.39 0.10 30.32 European Union 1.56 2.83 14.55 15.40 16.97 0.29 1.68 Southeast Asia 5/ 1.19 0.53 8.26 4.45 9.33 0.02 0.63 Mexico 0.46 0.29 5.96 6.35 6.40 0.00 0.30 2022/23 Est. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 99.13 370.24 167.04 312.57 363.65 170.86 101.89 World Less China 68.81 349.96 65.04 218.57 247.95 170.77 65.09 United States 7.47 116.22 0.67 60.20 62.84 54.21 7.30 Total Foreign 91.66 254.03 166.37 252.37 300.81 116.65 94.59 Major Exporters 3/ 51.93 190.75 9.46 86.38 96.68 106.18 49.28 Argentina 23.90 25.00 9.20 30.25 36.50 4.10 17.50 Brazil 27.60 156.00 0.15 53.00 56.80 95.50 31.45 Paraguay 0.18 9.05 0.01 3.05 3.18 5.80 0.26 Major Importers 4/ 33.18 23.74 134.21 121.86 151.18 0.34 39.61 China 30.32 20.28 102.00 94.00 115.70 0.10 36.80 European Union 1.68 2.55 13.50 14.50 16.08 0.23 1.43 Southeast Asia 5/ 0.63 0.49 8.81 4.16 9.08 0.02 0.84 Mexico 0.30 0.18 6.40 6.50 6.55 0.00 0.33 2023/24 Proj. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ Sep 102.99 401.33 165.97 327.74 382.62 168.42 119.25 Oct 101.89 399.50 165.75 328.49 383.28 168.24 115.62 World Less China Sep 65.19 380.83 65.97 231.74 263.62 168.32 80.05 Oct 65.09 379.00 65.75 231.49 263.28 168.14 78.42 United States Sep 6.81 112.84 0.82 62.32 65.76 48.72 5.99 Oct 7.30 111.70 0.82 62.60 66.08 47.76 5.98 Total Foreign Sep 96.18 288.49 165.16 265.42 316.86 119.70 113.26 Oct 94.59 287.80 164.93 265.90 317.20 120.48 109.65 Major Exporters 3/ Sep 49.88 223.90 6.18 93.85 105.34 110.00 64.63 Oct 49.28 223.90 6.18 93.85 105.34 110.50 63.53 Argentina Sep 17.60 48.00 5.70 34.50 41.75 4.60 24.95 Oct 17.50 48.00 5.70 34.50 41.75 4.60 24.85 Brazil Sep 31.95 163.00 0.45 55.75 59.70 97.00 38.70 Oct 31.45 163.00 0.45 55.75 59.70 97.50 37.70 Paraguay Sep 0.26 10.00 0.02 3.50 3.65 6.00 0.63 Oct 0.26 10.00 0.02 3.50 3.65 6.00 0.63 Major Importers 4/ Sep 40.75 24.51 133.59 125.13 156.01 0.42 42.43 Oct 39.61 24.51 133.64 126.28 157.14 0.42 40.21 China Sep 37.80 20.50 100.00 96.00 119.00 0.10 39.20 Oct 36.80 20.50 100.00 97.00 120.00 0.10 37.20 European Union Sep 1.53 3.05 13.80 15.00 16.59 0.30 1.49 Oct 1.43 3.05 13.80 15.00 16.59 0.30 1.39 Southeast Asia 5/ Sep 0.79 0.47 9.94 5.03 10.18 0.02 1.00 Oct 0.84 0.47 9.94 5.13 10.26 0.02 0.98 Mexico Sep 0.33 0.24 6.40 6.50 6.56 0.00 0.41 Oct 0.33 0.24 6.40 6.50 6.56 0.00 0.41 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and impo rts. Therefore, world supply may not equal world use. 3/ Includes Uruguay 4/ Includes Japan 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. October 2023 WASDE - 641 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 16.54 246.75 67.32 245.07 68.84 16.70 World Less China 15.75 177.14 67.27 175.44 68.35 16.36 United States 0.31 47.01 0.59 35.34 12.28 0.28 Total Foreign 16.23 199.75 66.73 209.73 56.56 16.42 Major Exporters 3/ 6.95 76.39 0.79 29.30 47.74 7.10 Argentina 2.29 30.29 0.14 3.33 26.59 2.80 Brazil 4.47 39.31 0.01 19.70 20.21 3.88 India 0.19 6.80 0.65 6.27 0.94 0.42 Major Importers 4/ 2.39 22.60 38.56 60.03 1.12 2.40 European Union 0.54 12.17 16.70 28.04 0.77 0.60 Mexico 0.20 5.02 1.83 6.88 0.02 0.15 Southeast Asia 5/ 1.60 3.47 18.33 21.48 0.33 1.59 China 0.78 69.62 0.06 69.63 0.48 0.34 2022/23 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 16.70 245.84 63.06 245.41 66.78 13.41 World Less China 16.36 171.39 63.02 172.46 65.78 12.53 United States 0.28 47.69 0.57 35.02 13.20 0.32 Total Foreign 16.42 198.15 62.49 210.40 53.58 13.09 Major Exporters 3/ 7.10 72.91 0.14 30.43 44.25 5.47 Argentina 2.80 23.60 0.08 3.40 20.95 2.12 Brazil 3.88 41.07 0.02 20.30 21.50 3.17 India 0.42 8.24 0.05 6.73 1.80 0.19 Major Importers 4/ 2.40 21.87 36.72 58.34 1.00 1.66 European Union 0.60 11.46 15.85 26.84 0.71 0.35 Mexico 0.15 5.14 1.85 6.95 0.01 0.18 Southeast Asia 5/ 1.59 3.25 17.45 20.94 0.28 1.07 China 0.34 74.45 0.04 72.95 1.00 0.88 2023/24 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Sep 13.29 257.30 66.91 252.45 69.89 15.16 Oct 13.41 257.88 66.76 252.94 69.73 15.38 World Less China Sep 12.40 181.27 66.86 177.27 68.89 14.37 Oct 12.53 181.05 66.71 176.99 68.73 14.58 United States Sep 0.32 48.97 0.54 35.77 13.70 0.36 Oct 0.32 49.15 0.54 35.77 13.88 0.36 Total Foreign Sep 12.97 208.33 66.37 216.68 56.19 14.79 Oct 13.09 208.73 66.22 217.17 55.85 15.02 Major Exporters 3/ Sep 5.42 78.04 0.12 31.20 46.30 6.07 Oct 5.47 77.72 0.12 31.20 46.00 6.11 Argentina Sep 2.02 26.91 0.01 3.45 23.40 2.09 Oct 2.12 26.91 0.01 3.45 23.40 2.19 Brazil Sep 3.21 43.21 0.01 20.70 22.00 3.73 Oct 3.17 43.21 0.01 20.70 22.00 3.69 India Sep 0.19 7.92 0.10 7.05 0.90 0.26 Oct 0.19 7.60 0.10 7.05 0.60 0.24 Major Importers 4/ Sep 1.70 22.85 37.80 59.27 1.02 2.06 Oct 1.66 22.98 37.78 59.16 0.97 2.28 European Union Sep 0.42 11.85 15.80 26.94 0.70 0.43 Oct 0.35 11.85 15.80 26.89 0.65 0.46 Mexico Sep 0.18 5.14 2.00 7.10 0.02 0.20 Oct 0.18 5.14 2.00 7.13 0.02 0.18 Southeast Asia 5/ Sep 1.05 3.92 18.40 21.69 0.31 1.37 Oct 1.07 4.00 18.38 21.56 0.31 1.58 China Sep 0.89 76.03 0.05 75.18 1.00 0.79 Oct 0.88 76.82 0.05 75.95 1.00 0.81 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ Includes Japan. 5/ Indonesia, Malaysi a, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. October 2023 WASDE - 641 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 5.53 59.27 11.53 59.22 12.26 4.85 World Less China 4.40 43.52 11.24 42.52 12.14 4.49 United States 0.97 11.86 0.14 11.26 0.80 0.90 Total Foreign 4.56 47.41 11.40 47.96 11.45 3.95 Major Exporters 3/ 1.25 20.77 0.59 12.49 8.62 1.49 Argentina 0.30 7.66 0.09 2.66 4.87 0.52 Brazil 0.47 9.76 0.03 7.45 2.41 0.41 European Union 0.44 2.93 0.46 2.31 0.97 0.55 Major Importers 4/ 1.78 18.90 6.64 26.16 0.28 0.88 China 1.13 15.75 0.29 16.70 0.11 0.36 India 0.27 1.53 4.23 5.83 0.02 0.19 North Africa 5/ 0.36 1.19 1.42 2.53 0.14 0.31 2022/23 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 4.85 58.90 10.58 58.02 11.36 4.96 World Less China 4.49 42.05 10.13 41.47 11.23 3.98 United States 0.90 11.91 0.17 12.02 0.17 0.80 Total Foreign 3.95 46.98 10.41 46.00 11.19 4.16 Major Exporters 3/ 1.49 19.52 0.64 12.18 8.24 1.24 Argentina 0.52 5.98 0.00 2.05 4.10 0.35 Brazil 0.41 10.21 0.04 7.68 2.70 0.27 European Union 0.55 2.76 0.60 2.39 0.93 0.59 Major Importers 4/ 0.88 19.84 6.27 25.09 0.19 1.71 China 0.36 16.85 0.45 16.55 0.13 0.98 India 0.19 1.85 3.90 5.40 0.02 0.53 North Africa 5/ 0.31 0.87 1.24 2.18 0.05 0.19 2023/24 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Sep 4.92 61.61 10.68 60.09 11.62 5.50 Oct 4.96 61.75 10.76 60.56 11.70 5.21 World Less China Sep 3.84 44.40 10.28 42.79 11.42 4.31 Oct 3.98 44.37 10.36 42.96 11.50 4.25 United States Sep 0.84 12.21 0.18 12.25 0.16 0.83 Oct 0.80 12.26 0.18 12.29 0.16 0.79 Total Foreign Sep 4.08 49.40 10.50 47.85 11.46 4.67 Oct 4.16 49.50 10.58 48.27 11.54 4.43 Major Exporters 3/ Sep 1.19 21.06 0.43 13.11 8.34 1.22 Oct 1.24 21.06 0.43 13.14 8.34 1.25 Argentina Sep 0.33 6.81 0.00 2.33 4.40 0.41 Oct 0.35 6.81 0.00 2.35 4.40 0.41 Brazil Sep 0.26 10.73 0.03 8.45 2.25 0.32 Oct 0.27 10.73 0.03 8.45 2.25 0.33 European Union Sep 0.57 2.85 0.40 2.27 1.10 0.46 Oct 0.59 2.85 0.40 2.27 1.10 0.48 Major Importers 4/ Sep 1.72 20.29 5.82 25.60 0.28 1.95 Oct 1.71 20.40 5.87 26.01 0.28 1.70 China Sep 1.08 17.20 0.40 17.30 0.20 1.18 Oct 0.98 17.38 0.40 17.60 0.20 0.96 India Sep 0.43 1.78 3.25 5.00 0.02 0.44 Oct 0.53 1.71 3.30 5.10 0.02 0.42 North Africa 5/ Sep 0.19 0.98 1.44 2.32 0.05 0.25 Oct 0.19 0.98 1.44 2.32 0.05 0.25 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Includes Paraguay 4/ Includes Bangladesh 5/ Algeria, Egypt, Morocco, a nd Tunisia. Totals may not add due to rounding. October 2023 WASDE - 641 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2022 IV 7,052 6,919 14,017 11,861 1,310 13,310 27,327 2,277 55.9 Annual 28,291 26,996 55,471 46,206 5,222 51,997 107,469 9,074 226.5 2023 I 6,821 7,071 13,937 11,549 1,348 13,039 26,976 2,209 56.9 II 6,710 6,593 13,348 11,545 1,410 13,105 26,453 2,287 58.1 III 6,620 6,460 13,122 11,750 1,375 13,276 26,398 2,322 56.3 IV* 6,825 7,165 14,035 11,650 1,415 13,200 27,235 2,360 56.4 Annual Sep Proj. 26,941 27,159 54,275 46,694 5,578 52,854 107,129 9,181 227.5 Oct Proj. 26,976 27,289 54,441 46,494 5,548 52,620 107,061 9,178 227.6 2024 I* 6,365 7,120 13,529 11,600 1,390 13,130 26,659 2,340 57.7 II* 6,385 6,565 12,993 11,710 1,400 13,255 26,248 2,365 58.5 III* 6,290 6,765 13,099 11,950 1,400 13,495 26,594 2,360 57.3 Annual Sep Proj. 25,165 27,335 52,675 47,310 5,650 53,525 106,200 9,455 230.4 Oct Proj. 25,275 27,895 53,345 47,110 5,640 53,315 106,660 9,455 230.4 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2022 IV 152.99 63.49 123.5 177.5 411.7 25.17 Annual 144.40 71.21 140.5 154.5 282.4 25.34 2023 I 160.92 54.83 124.5 170.8 315.9 21.93 II 179.02 56.69 139.3 156.2 135.8 19.30 III 184.27 69.27 115.3 132.5 135.8 19.30 IV* 185.00 58.00 117.0 120.0 145.0 22.20 Annual Sep Proj. 178.5 59.9 123.2 149.5 187.7 20.40 Oct Proj. 177.30 59.70 124.0 144.9 183.1 20.70 2024 I* 187.00 60.00 120.0 130.0 155.0 21.00 II* 185.00 64.00 125.0 136.0 135.0 19.90 III* 180.00 65.00 122.0 142.0 130.0 19.80 Annual Sep Proj. 186 65 121 147 149 20.30 Oct Proj. 185 61 122 138 145 20.55 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. October 2023 WASDE - 641 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2022 676 28,359 3,390 32,425 3,544 723 28,157 59.1 2023 Proj. Sep 723 27,009 3,547 31,280 3,054 620 27,606 57.6 Oct 723 27,044 3,617 31,385 3,034 600 27,751 57.9 2024 Proj. Sep 620 25,233 3,590 29,443 2,900 620 25,923 53.8 Oct 600 25,343 3,650 29,593 2,845 600 26,148 54.3 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2022 446 27,011 1,344 28,800 6,345 504 21,951 51.1 2023 Proj. Sep 504 27,174 1,105 28,783 6,801 480 21,503 49.8 Oct 504 27,304 1,125 28,933 6,761 480 21,693 50.2 2024 Proj. Sep 480 27,350 1,155 28,985 6,900 465 21,620 49.8 Oct 480 27,910 1,175 29,565 6,950 465 22,150 51.0 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2022 1,147 55,564 5,092 61,804 9,895 1,256 50,653 111.6 2023 Proj. Sep 1,256 54,369 4,958 60,582 9,859 1,132 49,591 108.7 Oct 1,256 54,535 5,033 60,823 9,800 1,112 49,912 109.4 2024 Proj. Sep 1,132 52,768 5,115 59,014 9,806 1,112 48,097 105.0 Oct 1,112 53,438 5,185 59,734 9,801 1,092 48,842 106.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2022 705 45,711 176 46,593 7,290 892 38,411 98.9 2023 Proj. Sep 892 46,194 115 47,201 7,253 880 39,069 100.1 Oct 892 45,996 118 47,006 7,303 870 38,834 99.5 2024 Proj. Sep 880 46,804 130 47,814 7,430 900 39,484 100.6 Oct 870 46,606 134 47,610 7,380 890 39,340 100.2 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2022 166 5,222 85 5,473 407 190 4,877 14.6 2023 Proj. Sep 190 5,578 53 5,821 440 195 5,186 15.5 Oct 190 5,548 50 5,788 455 195 5,138 15.3 2024 Proj. Sep 195 5,650 85 5,930 460 200 5,270 15.6 Oct 195 5,640 79 5,914 480 200 5,234 15.5 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2022 874 51,502 268 52,645 7,716 1,087 43,841 115.2 2023 Proj. Sep 1,087 52,354 170 53,611 7,712 1,080 44,819 117.2 Oct 1,087 52,122 170 53,379 7,782 1,071 44,526 116.5 2024 Proj. Sep 1,080 53,018 221 54,319 7,906 1,105 45,308 117.9 Oct 1,071 52,810 219 54,100 7,884 1,096 45,120 117.4 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2022 2,021 107,067 5,361 114,449 17,611 2,343 94,494 226.8 2023 Proj. Sep 2,343 106,722 5,128 114,193 17,572 2,212 94,410 225.9 Oct 2,343 106,656 5,203 114,202 17,582 2,183 94,438 225.8 2024 Proj. Sep 2,212 105,786 5,336 113,333 17,712 2,217 93,405 222.9 Oct 2,183 106,248 5,404 113,835 17,685 2,188 93,962 224.0 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready -to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. October 2023 WASDE - 641 - 33 U.S. Egg Supply and Use Commodity 2021 2022 2023 Proj. 2023 Proj. 2024 Proj. 2024 Proj. Sep Oct Sep Oct Eggs Million Dozen Supply Beginning Stocks 24.5 19.1 18.8 18.8 21.0 23.0 Production 9,297.9 9,073.8 9,181.4 9,178.4 9,455.0 9,455.0 Imports 18.2 26.0 29.1 30.0 23.0 28.0 Total Supply 9,340.6 9,118.9 9,229.2 9,227.1 9,499.0 9,506.0 Use Exports 392.1 226.5 257.2 249.2 265.0 245.0 Hatching Use 1,103.9 1,116.4 1,128.3 1,118.3 1,135.0 1,130.0 Ending Stocks 19.1 18.8 21.0 23.0 19.5 19.5 Disappearance Total 7,825.4 7,757.2 7,822.8 7,836.7 8,079.5 8,111.5 Per Capita (number) 282.5 279.0 280.0 280.5 287.5 288.7 Total U.S. Milk Supply and Use Commodity 2021 2022 2023 Proj. 2023 Proj. 2024 Proj. 2024 Proj. Sep Oct Sep Oct Milk Billion Pounds Production 226.3 226.5 227.5 227.6 230.4 230.4 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beginning Stocks 15.6 14.3 14.4 14.4 14.6 14.5 Marketings 225.3 225.5 226.5 226.6 229.4 229.4 Imports 6.5 7.1 7.4 7.4 7.4 7.5 Total Supply 247.4 246.9 248.3 248.4 251.4 251.4 Fat Basis Use Exports 11.5 13.4 11.1 11.0 12.1 12.0 Ending Stocks 14.3 14.4 14.6 14.5 14.6 14.6 Domestic Use 221.6 219.1 222.6 222.9 224.7 224.8 Skim -solid Basis Supply Beginning Stocks 10.9 11.1 11.7 11.7 12.0 11.9 Marketings 225.3 225.5 226.5 226.6 229.4 229.4 Imports 5.8 6.7 6.5 6.6 6.8 6.7 Total Supply 241.9 243.3 244.6 244.8 248.3 248.1 Skim -solid Basis Use Exports 50.6 52.9 50.0 49.5 53.0 52.9 Ending Stocks 11.1 11.7 12.0 11.9 12.0 12.0 Domestic Use 180.2 178.7 182.6 183.4 183.3 183.1 Total Note: Totals may not add due to rounding. October 2023 WASDE - 641 - 34 U.S. Dairy Prices Commodity 2021 2022 2023 Proj. 2023 Proj. 2024 Proj. 2024 Proj. Sep Oct Sep Oct Product Prices 1/ Dollars Per Pound Cheese 1.6755 2.1122 1.810 1.770 1.845 1.805 Butter 1.7325 2.8665 2.540 2.660 2.550 2.655 Nonfat Dry Milk 1.2693 1.6851 1.160 1.175 1.090 1.130 Dry Whey 0.5744 0.6057 0.345 0.345 0.315 0.315 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 17.08 21.96 17.35 17.05 17.55 17.20 Class IV 16.09 24.47 18.60 19.25 18.00 18.80 All Milk 3/ 18.53 25.34 20.40 20.70 20.30 20.55 All prices are January -December averages. 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation. October 2023 WASDE - 641 - 35 Reliability of October Projections 1/ Note: Tables on pages 35 -37 present a record of the October projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 1.6 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 2. 7 percent. The average difference between the October projection and the final estimate is 7 million tons, ranging from 0.1 million to 26.7 million tons. The October projection has been below the estimate 30 times and above 11 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 1.6 2.7 7.0 0.1 26.7 30 11 U.S. 0.5 0.9 0.2 0.0 1.2 12 17 Foreign 1.8 3.0 7.0 0.1 26.8 30 11 Exports World 5.6 9.4 6.2 0.0 19.3 32 8 U.S. 8.1 13.7 2.1 0.3 10.0 18 23 Foreign 6.6 11.1 5.9 0.5 17.3 34 7 Domestic Use World 1.5 2.6 7.1 0.5 29.9 24 17 U.S. 5.9 10.0 1.5 0.1 3.6 11 30 Foreign 1.6 2.7 7.0 0.2 29.9 25 16 Ending Stocks World 7.8 13.1 10.0 0.4 32.5 30 11 U.S. 11.2 18.9 2.1 0.0 6.8 25 16 Foreign 8.2 13.8 8.6 0.0 29.3 30 11 COARSE GRAINS 2/ Production World 1.9 3.2 15.8 0.8 51.9 31 10 U.S. 2.6 4.4 4.8 0.1 17.9 23 18 Foreign 2.4 4.1 14.9 0.6 61.4 32 9 Exports World 7.0 11.7 7.0 0.1 28.9 28 13 U.S. 16.0 27.0 6.9 0.7 19.3 18 23 Foreign 12.5 21.1 7.5 0.6 21.4 27 14 Domestic Use World 1.5 2.5 11.9 0.2 42.4 26 15 U.S. 3.5 5.9 5.5 0.0 17.0 21 20 Foreign 1.7 2.9 10.9 0.0 42.1 27 14 Ending Stocks World 13.2 22.2 17.6 0.2 170.0 32 9 U.S. 24.6 41.5 8.9 0.5 29.1 23 18 Foreign 16.1 27.1 15.4 0.7 153.5 34 7 RICE, milled Production World 2.2 3.7 6.2 0.0 20.9 32 8 U.S. 3.2 5.3 0.1 0.0 0.5 23 18 Foreign 2.2 3.8 6.2 0.1 21.0 32 9 Exports World 9.1 15.4 1.9 0.1 6.3 30 11 U.S. 10.3 17.4 0.2 0.0 0.8 19 20 Foreign 10.4 17.5 1.9 0.0 6.3 30 11 Domestic Use World 1.8 3.0 4.3 0.3 20.3 32 9 U.S. 7.6 12.8 0.2 0.0 0.6 22 18 Foreign 1.8 3.0 4.3 0.1 20.7 32 9 Ending Stocks World 11.0 18.4 5.6 0.2 26.6 33 8 U.S. 23.1 38.9 0.2 0.0 0.8 21 19 Foreign 11.5 19.3 5.7 0.1 26.6 34 7 1/ Footnotes at end of table. CONTINUED October 2023 WASDE - 641 - 36 Reliability of October Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 4.5 7.6 7.5 0.1 31.9 19 22 U.S. 2.8 4.7 1.5 0.0 4.0 17 24 Foreign 7.2 12.2 7.3 0.0 31.5 18 23 Exports World 7.6 12.8 4.3 0.3 19.7 25 16 U.S. 11.0 18.5 2.7 0.1 8.6 25 16 Foreign 17.6 29.6 3.7 0.1 21.2 19 22 Domestic Use World 3.1 5.2 4.9 0.0 16.9 22 19 U.S. 3.7 6.2 1.3 0.0 4.5 25 15 Foreign 3.8 6.5 4.6 0.1 16.4 24 17 Ending Stocks World 16.9 28.5 5.1 0.3 18.6 24 17 U.S. 43.2 72.7 2.2 0.0 6.6 9 32 Foreign 18.5 31.1 4.6 0.3 19.9 22 19 COTTON Million 480 -Pound Bales Production World 4.4 7.4 2.9 0.0 10.9 21 19 U.S. 5.4 9.0 0.7 0.0 2.4 23 18 Foreign 5.0 8.4 2.6 0.0 10.5 19 21 Exports World 8.2 13.8 2.2 0.1 8.5 23 18 U.S. 17.0 28.6 1.1 0.1 3.1 24 17 Foreign 11.2 18.8 1.7 0.1 8.3 20 21 Domestic Use World 4.9 8.2 3.6 0.1 19.5 18 23 U.S. 10.0 16.8 0.3 0.0 1.2 19 21 Foreign 4.9 8.2 3.5 0.0 18.6 18 23 Ending Stocks World 13.0 21.9 5.2 0.0 15.8 24 16 U.S. 37.3 62.8 1.2 0.0 4.3 13 27 Foreign 13.9 23.4 4.8 0.2 15.6 28 13 1/ Marketing years 1981/82 through 2022/23 for grains, soybeans (U.S. only), and cotton. There was no WASDE published in October 2013, due to a partial government shutdown, so no 2013/14 forecasts in that month were published for grains, soybeans, and cotton, and no 2013 forecast was published in that month for animal products. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2021/22, and for 2022/23 the last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain October 2023 WASDE - 641 - 37 Reliability of United States October Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 2.8 4.7 187 5 618 22 19 Exports 16.4 27.6 250 12 700 18 23 Domestic Use 3.8 6.4 215 5 600 23 18 Ending Stocks 27.3 46.0 335 18 1,187 23 18 SORGHUM Production 6.7 11.2 19 0 71 22 18 Exports 26.8 45.1 40 1 130 22 19 Domestic Use 20.2 34.1 36 0 125 19 21 Ending Stocks 51.0 86.0 28 0 142 15 25 BARLEY Production 1.4 2.4 3 0 24 9 16 Exports 65.6 110.4 11 0 38 17 19 Domestic Use 8.2 13.8 18 0 70 15 25 Ending Stocks 15.2 25.7 14 1 56 24 17 OATS Production 2.4 4.0 2 0 18 6 12 Exports 87.2 146.8 1 0 8 11 12 Domestic Use 5.3 8.9 11 0 39 14 26 Ending Stocks 22.4 37.8 14 0 47 28 12 SOYBEAN MEAL Thousand Short Tons Production 3.5 5.9 1,037 36 2,815 27 14 Exports 11.2 18.9 733 0 2,200 24 16 Domestic Use 3.4 5.8 781 45 2,650 23 18 Ending Stocks 31.3 52.8 49 0 198 16 16 SOYBEAN OIL Million Pounds Production 3.6 6.1 496 1 1,473 30 11 Exports 53.0 89.3 420 25 1,525 23 18 Domestic Use 3.8 6.4 471 20 1,928 27 14 Ending Stocks 25.4 42.8 380 15 1,327 22 19 ANIMAL PROD. Million Pounds Beef 3.8 6.5 770 18 2,461 26 14 Pork 3.1 5.2 409 2 1,592 19 21 Broilers 1.8 3.0 402 23 1,337 25 15 Turkeys 3.9 6.6 148 2 481 19 21 Million Dozen Eggs 2.0 3.3 116 4 468 24 16 Billion Pounds Milk 1.5 2.6 2.0 0.2 6.8 20 20 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2022/23 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate followin g the marketing year for 1981/82 through 2022/23. Calendar years 1982 through 2022 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2022. There was no WASDE published in October 2013, due to a partial government shutdown, so no 2013/14 forecasts in that month were published for grains, soybeans, and cotton, and no 2013 forecast was published in that month for animal products. WASDE- 641-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Resea rch Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. IPAD is located at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ Click to receive WASDE -related notifications b y email Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at [email protected] World Agricultural Supply and Demand Estimates WASDE -641 – October 12, 2023 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.